BOGNOR REGIS FOODBANK
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE 10 MONTHS PERIOD ENDED 31ST MARCH 2025
CHARITY REGISTRATION NUMBER: 1208440
Independent Examiners Ltd
Unit 2, The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
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BOGNOR REGIS FOODBANK
CONTENTS
Pages 3 Legal and administrative details Pages 4 to 6 Report of the Trustees Page 7 Independent Examiners Report to the Trustees Page 8 Statement of Financial Activities Page 9 Balance Sheet Page 10 to 16 Notes to the Financial Statements
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BOGNOR REGIS FOODBANK
REPORT OF THE TRUSTEES FOR THE 10 MONTHS PERIOD ENDED 31ST MARCH 2025
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1208440 START OF FINANCIAL PERIOD 29 May 2024 END OF FINANCIAL PERIOD 31 March 2025 TRUSTEES AT 31 MARCH 2025 James Bartlett - Chair of trustees - Appointed on 03 June 2024 Anita Martin - Appointed on 29 April 2024 Warwick Hoddy - Treasurer - Appointed on 29 April 2024 Stephen Walden - Appointed on 29 April 2024 Rev David Green - Appointed on 29 April 2024 Daryl Martin - Appointed on 29 April 2024 Joel Mennie - Appointed on 29 April 2024 Geraldine Burn - Appointed on 29 April 2024 Dave Osbourne - Resigned on 28 July 2024 John Bond - Resigned on 22 October 2024
CORRESPONDENCE ADDRESS
St. Wilfrid Church Ellasdale Road Bognor Regis PO21 2SG
GOVERNING DOCUMENT
CIO - FOUNDATION Registered 29 May 2024
The charity trustees have taken the decision to incorporate the charity as a Charitable Incorporated Organisation. Therefore, on 1st June 2024, all funds and assets of Bognor Regis Foodbank (Charity registration number: 1148187) were transferred to Bognor Regis Foodbank (Charity registration number: 1208440). The aims and objectives of the charity are unchanged and so the Trustees consider this action to be in line with those objectives.
OBJECTS
THE PREVENTION OR RELIEF OF POVERTY IN BOGNOR REGIS AND THE SURROUNDING AREAS OR SUCHWIDER AREA AS MAY SEEM APPROPRIATE FROM TIME TO TIME BY PROVIDING GRANTS, ITEMS ANDSERVICES TO INDIVIDUALS IN NEED AND/OR CHARITIES, OR OTHER ORGANISATIONS WORKING TO PREVENT OR RELIEVE POVERTY AND IN PARTICULAR BY PROVIDING EMERGENCY FOOD SUPPLIES AND TO HELP THOSE IN CRISIS INCLUDING SIGNPOSTING TO OTHER AGENCIES.
BANKERS
CAF BANK
INDEPENDENT EXAMINER
Independent Examiners Ltd Unit 2, The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
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BOGNOR REGIS FOODBANK
REPORT OF THE TRUSTEES
FOR THE 10 MONTHS PERIOD ENDED 31ST MARCH 2025
Objectives and Activities
Everyday people in the UK go hungry due to various reasons including loss of income, unexpected changes in circumstances or being on a low income, exacerbated by the current cost of living crisis. Bognor Regis Foodbank provides crisis food parcels containing a minimum of three days emergency food and support to people experiencing crisis in our local community. We also seek to provide additional support from, and signposting to other services, to support underlying causes for the crisis.
Bognor Regis Foodbank’s three main aims are:
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To prevent or relieve poverty in Bognor Regis and surrounding area,
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Raising awareness of these issues within our community,
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Campaign to end poverty.
Bognor Regis is the 6th most deprived town in Sussex. We rely on the generosity and support of the local community through volunteering, food donations and fundraising. Much of the food we distribute is donated by the community through churches, schools, businesses, and supermarket collection baskets. We work in partnership with over 100 frontline agencies who identify people in need and provide them with a foodbank voucher. These vouchers can then be exchanged for a food parcel containing three days of nutritionally balanced food at our foodbank centre. We will often also provide toiletries, cleaning products, pet food and baby-related items. We are also, when available, able to provide seasonal fresh vegetables and fruit. We will support all our clients to ensure we can signpost them to other organisations where appropriate to address the underlying causes of their need to approach us for food support.
The Bognor Regis Foodbank is a Christian organisation motivated by Jesus’ teaching on poverty and injustice as taught in the Bible. We operate according to Biblical principles of compassion, honesty, integrity, openness, kindness and care of all people, regardless of background or belief. We believe in turning faith into practical action, living out God’s love for the poor... ‘For I was hungry and you gave me something to eat, I was thirsty and you gave me something to drink, I was a stranger and you invited me in, I needed clothes and you clothed me, I was sick and you looked after me, I was in prison and you came to visit me.’ Matthew 25:35-36. We are fully inclusive, supporting those with a faith and those with none. We believe that everyone has a basic right to have food on their plate, dignity, and hope for the future. To that end we are available to offer prayerful support.
The Last Year
This is the first year since we became a Charitable Incorporated Organisation. We have an entirely new Board of Trustees and we are grateful for the support and energy they bring to the Foodbank.
In the financial year 2024-25 the Foodbank provided food and support to 5204 people (3550 adults and 1654 children), which is a very slight decrease on the previous year. Despite this decrease, we have seen a 30% increase in the need for emergency food, support and advice since 2022. We continue to see increasing complexity in the lives of those seeking support including housing, mental health, unemployment, caring responsibilities and domestic abuse. Bognor Regis Foodbank distributed 47.793 tonnes of food in the reporting year.
In addition to providing much needed food, Bognor Regis Foodbank also provides volunteer work experience and fellowship. Our volunteers are the lifeblood of our service, as they faithfully contribute their time, energy and skills to the operations of the Bognor Regis Foodbank and serve our clients and community with a welcoming and sensitive service.
The Bognor Regis Foodbank is a member of the Trussell Trust network of foodbanks and receives ongoing support and advice from the Trussell Trust. We also benefited from large grant funding from Trussell Trust to increase our signposting support by contracting with Citizen’s Advice to provide a dedicated worker who supports our clients to maximise their income, manage their debts and offers housing support.
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BOGNOR REGIS FOODBANK
REPORT OF THE TRUSTEES ( Continued) FOR THE 10 MONTHS PERIOD ENDED 31ST MARCH 2025
The Foodbank continues to be supported by West Sussex County Council, Arun District Council, Bognor Regis Town Council and a number of individual Parish councils who have contributed towards our overheads or specified projects which has enabled us to build our capacity to support our clients. We have also benefited considerably from public donations from individuals support either on an ongoing basis through standing orders or one off, for which we are incredibly grateful.
There have been additions and departures to the staff team. In the year we have appointed a new CEO and an Operations manager. Those leaving go with our grateful thanks for work done to support our clients.
The lease on our premises at Argyle Hall is ending in August 2025. We are very much looking forward to moving to the Hope Centre in Ellasdale Road where we gain storage space and much more beside. We will be supported financially by the Trussell Trust, which is very much appreciated, with a capital grant which will enable construction work to proceed and our new space to be available in the Summer of 2025.
Plans for the New Financial Year:
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To relocate to the Hope Centre: -
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This will enable our volunteers to have more space for in-depth conversations with our clients, without feeling
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cramped or rushed.
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Creating a practical, safe and dignified foodbank experience.
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Building collaborations with other local compassion agencies, in order to become a one-stop-shop for clients.
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Increase training opportunities by enabling our volunteers to be more confident in signposting and increase the pool of volunteers.
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Building closer connections with our referring agencies and partners.
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Maintaining strong relationships with our local community, churches and other valued supporters.
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Continuing to engage with Trussell Trust in support of their national vision to end UK Hunger.
Financial Review
For the financial year 2024/25 unrestricted year-end balance was £73,102. Unrestricted assets transferred from Bognor Regis Foodbank (Charity registration number: 1148187) were £68,802 at the beginning of the year. The Charity aims to have 6-9 months reserve in the value of £71,000 - £89,000.
Reserves Policy
In line with Charity Commission guidance, the Trustees have reviewed their policy on the unrestricted funds not committed or invested in tangible fixed assets (‘the free reserves’). Trustees have determined that unrestricted reserves a.k.a an “Emergency Operating Reserve” should be in the range of 6-9 months of operating costs (charitable expenses less food purchased) plus rationalisation costs, in general funds, to provide:
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Funds to restructure the charity in event of the income sharply dropping;
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A foundation for security of ministry and to meet contractual obligations;
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Sufficient time to “switch off” its activities; Bognor Regis Foodbank is an organisation with local responsibilities, whose
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activities are not complex.
Trustees expect remedial action to be taken when reserves are predicted to fall below this level.
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The Charities Act wuires the Board of Ttee5 to prepare financial staternents for eath fiTranctal year whlth give a trut and falr wew of the state of affair5 of the ttrity as at the end ot the financial year and of the surplu5 or defic of the charity. In preparing those finaKtal #atern the Boarf s Y1rj to . select suitsble accounts.ng polioe5 and appty them con45tentty; observe the meth(Js and prinuples ITr the Charibe$ 50RP: rnake judgements and estimates that are reawble and pnjdent: stste whether applKable aco)unting stsndards. cornprislng FRS 102 have been followed. subJett to any rnaterial departuos disd05ed and explained In the ff nanoal 5tstements: and prepare the finanoal statements on the goiThJ crKKwn basis unless inappFDwlèle to presurre that the charfta>le company will coThtinue in busntss. The trustees are also re5pMslble fvr mointatnlng adequate accOtsntirj rths whKh dfjsdose rEa50nable oteuracy ot ny tlme the finandal F¥)ty of the thanty aJMI are Oet to and explain the chanty's ts7ftsa¢tion5 and ¢n4ble them to ensure that the finaftoal statsmets comply th the reguiati¢)ns made under the tharities They are 8150 responslble for safeguarding the assets of the charty and for tsk¥wJ reasonable step5 for the preventron and detection of fraud and othw Irregurities. The trustees are a150 responsible for the COntts of the trLStee5' feprrt. and the respolbility of the independent examrner in relation to the tnJstee5' report Is Ilmited to examlnlng the rem erwing tha¢ Dn the fa of the rewt, there are no Inconsistencles wlth the fiyures dlsdosed in the fina1•1 stètements. l approve the attached statement of finanaal actithti¥ ad ba7n sheet frx the year endetj 31 Mtrrch 2025. and confi that I have made availabk al nSary for its preparfion. Approved by the TnJstee5 on the...... . Si9ned on thdr behalf by Tru5tse .... Prlnt Name..
I rewrt to the charty tnJstees on my exarninaticffi of the accwnts rf Bogrnr Regi5 Fo(rflbaThk for the 10 months perf ended 31st March 2025 set out on pages 8 to 16. s the charity's trustee5, you a responsible fty the preparat50Tr of the acrounts In aCCtsLlae with the tEqwrements of the Charltyes Art 2011 {"the ALn. I reptrt in respect of my ex¢imination of the ao* afxwnts (arried out under $Tr J45 of the 2011 £t and in rarylng out my examin6ti0ft, I have followed all the applKable Otre¢bons given by the Chartty Commi55iDn under section 145151{bl of the ALL I have completed my exarnInaU(. I confvrn that no matter5 have ¢Ixe to my attti0Th in connec¥on w(th the examination giwng me cause to ble. the ac(x)untlng r5 were ncrt kept Sn accordarKe wrth section 130 ofthe Ctharftles or the acrounts dK1 ¥t accord with the accountlng records,. or the accounts did not comply with the applicable requlrements concemfrng the form and content af accounts set out in the Charitpes lknwnts and Rwrts) Regulation$ 2008 other tllan any requlrement thar the accounts glve a Irue and fairf which is r¥Jt 47 matter CO$1dre as part of èn Independent examination. I have M concems and have come across no Lxher matters in the examlnation to whith attention Should be drawn in tlNs rewt in order to enable a proper under5taThJty of the a(Cts to be reached. Zlts Derbak MNAT AATQB Indtpendent ExèftNnw5 Ltd Unt 2, The Broadbrid9e BUne$S Centre Delling Lane Bosham P018 8NF Sign: f. OG JOJI
BOGNOR REGIS FOODBANK
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE 10 MONTHS PERIOD ENDED 31ST MARCH 2025
| Incorporating income and expenditure account Notes INCOMING RESOURCES Donations and Legacies 2a Charitable Activities 2b Other Trading Activities 2c Investments 2d TOTAL RESOURCES EXPENDED Expenditure on: Raising Funds 3a Charitable Activities 3b TOTAL NET INCOME/(EXPENDITURE) Transfers between funds NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: TOTAL FUNDS CARRIED FORWARD Total Funds Transferred from Bognor Regis Foodbank (Charity registration number: 1148187) on 01st June 2024 Income and Endowments from: |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2025 2017 £ £ £ £ £ 39,538 0 57,109 96,647 0 5,217 0 0 5,217 0 0 0 0 0 0 1,894 0 0 1,894 0 46,649 0 57,109 103,758 0 0 0 0 0 0 42,349 0 59,205 101,554 #REF! 42,349 0 59,205 101,554 #REF! 4,300 0 -2,096 2,204 #REF! 0 0 0 0 0 4,300 0 -2,096 2,204 #REF! 68,802 0 20,631 89,433 89,433 73,102 0 18,535 91,637 #REF! |
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Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 10 to 16 form part of these financial statements.
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AS AT 31 MAROI 2025 ds Total Tanglble assets Stock5 Debtors Cash at bank and In hand Tot•1 Current Assets 4.086 4,674 68,S66 77.326 4,086 4,674 87.101 95.861 io 18,535 IS35 Credltors: amounts fallln9 due withln i year 4,224 4.224 NeT CURRENT ASSETS 73.102 18,535 91.637 TOTAL AgSfTS less ojrrent Ilatxliknes 73.I02 18.535 91.637 Credlt•rs: amounts falllng due more than one year 18 35 Futyds of the Ch•rity General Funds Re5trirted FU15 Designated Funds 73,102 73,102 18,535 13 14 18.535 18 35 91 37 The financial Statnents for the io Ir1 F*rfc4J &)ding 31 MaTth 2025 on paoe5 8 to 16 werv approved by the trustees, Ind authrMlsed for iswe '. Approved c. ...... signed by: Print name:......
BOGNOR REGIS FOODBANK
NOTES TO THE FINANCIAL STATEMENTS FOR THE 10 MONTHS PERIOD ENDED 31ST MARCH 2025
Basis of preparation
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
The particular accounting policies adopted are set out below.
1. ACCOUNTING POLICIES
INCOME
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Recognition of Income
These are included in the Statement of Financial Activities (SOFA) when:
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the charity becomes entitled to the income;
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it is more likely than not that the trustees will receive the resources; and · the monetary value can be measured with sufficient reliability.
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Grants and Donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).
Tax Reclaims on Donations and Gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.
Volunteer Help
The value of any voluntary help received is not included in the accounts but is described in the Directors' annual report.
Income from interest, royalties and dividends
This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
Investment Gains and Losses
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
Insurance claims
Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP) and are included as an item of other income in the SoFA.
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BOGNOR REGIS FOODBANK
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE 10 MONTHS PERIOD ENDED 31ST MARCH 2025
Expenditure and liabilities
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Liability Recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Governance and Support Costs
Support costs represent the cost of central functions, for example governance costs, payroll administration, information technology. Governance costs are those support costs which relate to public accountability of the charity and its compliance with regulation and good practice.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.
Employee benefits
Short term benefits including holiday pay are recognised as an expense in the period in which the service is received.
Redundancy cost
The charity made no redundancy payments during the reporting period.
Deferred income
No material item of deferred income has been included in the accounts.
Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
Provisions for liabilities
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date
Stocks
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
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BOGNOR REGIS FOODBANK
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE 10 MONTHS PERIOD ENDED 31ST MARCH 2025
| 2. ANALYSIS OF INCOME a) Donations and Legacies Grants Other b) Charitable Activities Changes of Stock c) Other Trading Activities N/A d) Investments Bank interest Donations and gifts Gift Aid Donations from organisations |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2025 0 £ £ £ £ £ 19,995 0 0 19,995 19995 1,514 0 0 1,514 1514 6,065 0 57,109 63,174 63174 11,916 0 0 11,916 48 0 0 48 39,538 0 57,109 96,647 84683 5,217 0 0 5,217 0 5,217 0 0 5,217 0 0 0 0 0 0 0 0 0 0 0 0 1,894 0 0 1,894 1894 1,894 0 0 1,894 1894 |
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BOGNOR REGIS FOODBANK
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE 10 MONTHS PERIOD ENDED 31ST MARCH 2025
| 3. ANALYSIS OF EXPENDITURE a) Raising Funds b) Charitable Activities Occupancy Costs: Rent Service Charge Business Rates Property Insurance Utilities Repairs & Maintenance Overheads: Printing, Postage and Stationary Computer Costs Phone Costs Sundry Equipment Training Consultancy Cleaning & Bin Collections Miscellaneous Travel and Accommodation Bank Charges Other Professional Services Other Costs: CAB - Trussel Trust Grant Financial Inclusion NHS - CPAR Stock - food/toiletries/cleaning Hampers & Holiday Bags Staff Costs: Salaries - Basic Salaries - NI Salaries - Pension Temporary Labour Self Employed Contractors Professional costs: Independent Examination Fees Pension and Payroll Bureau Fees |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2025 #REF! £ £ £ £ £ 0 0 0 0 0 0 0 0 0 0 0 2,648 0 5,771 8,419 610 0 0 610 144 0 0 144 167 0 0 167 2,558 0 0 2,558 2,861 0 0 2,861 459 0 0 459 97 0 0 97 1,358 0 0 1,358 689 0 0 689 16 0 0 16 1,955 0 11,250 13,205 66 0 0 66 322 0 0 322 206 0 0 206 50 0 0 50 1,258 0 0 1,258 0 0 21,459 21,459 0 0 1,975 1,975 2,261 0 7,500 9,761 341 0 0 341 17,111 0 11,250 28,361 0 0 0 0 956 0 0 956 2,127 0 0 2,127 1,097 0 0 1,097 2,142 0 0 2,142 2142 850 0 0 850 850 42,349 0 59,205 101,554 2,992 |
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BOGNOR REGIS FOODBANK
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE 10 MONTHS PERIOD ENDED 31ST MARCH 2025
| 4. DETAILS OF CERTAIN TYPES OF EXPENDITURE | 2025 | 2017 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| Independent examiner’s fees | 912 | ||||
| Other fees paid to the independent examiner for consultancy, | accountancy services | 210 | |||
| Payroll service costs | 444 | ||||
| Accountancy service costs | 220 | ||||
| * | 1,786 | 0 | |||
| *Amounts exclude year end adjustments. | |||||
| 5. STAFF COSTS AND NUMBERS | 2025 | 2017 | |||
| Gross Wages and Salaries | £ 28,361 |
£ | |||
| Employer's National Insurance Costs | 0 | ||||
| Pension Contributions | 956 | ||||
| Temporary labour costs | 2,127 | ||||
| Self-employed contractor costs | 1,097 | ||||
| 32,541 | 0 |
No employee received emoluments in excess of £60,000. Staff are paid through the PAYE system.
The total amount paid to key management personnel as senior management for their services to the charity was £2,426. No trustees received any renumeration in the year.
| Employees who were engaged in each of the following activities: Costs of generating funds/fund raising Activities in furtherance of organisation's objects Management and administration |
TOTAL 2025 1 3 1 |
|---|---|
6. TRUSTEES AND OTHER RELATED PARTIES
One Trustee received a payment of £50 in the year for their out of pocket expenses. This was paid for staff recognition award.
One trustee paid a total £956 unconditional donation in the financial period ending 31st March 2025.
7. TANGIBLE FIXED ASSETS
The charity owned no fixed asset in the 10 months financial period ending 31st March 2025.
| 8. STOCKS Stock 9. DEBTORS AND PREPAYMENTS Bankuet Prepayments |
2025 £ 4,086 4,086 Unrestricted Restricted Total Total Fund Fund 31-Mar-25 31-Dec-17 £ £ £ £ 1,031 0 1,031 0 3,643 0 3,643 0 4,674 0 4,674 0 |
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BOGNOR REGIS FOODBANK
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE 10 MONTHS PERIOD ENDED 31ST MARCH 2025
| 10. CASH AT BANK AND IN HAND Short term deposits Current bank account Cash in hand Accruals Independent Examiners Fees Trade Creditors 12. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR 11. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
Unrestricted Restricted Total Fund Fund 31-Mar-25 £ £ £ 47,369 18,535 65,904 21,097 0 21,097 100 0 100 68,566 18,535 87,101 Unrestricted Restricted Total Total Fund Fund 31-Mar-25 31-Dec-17 £ £ £ £ 2,994 0 2,994 0 1,230 0 1,230 0 4,224 0 4,224 0 Unrestricted Restricted Total Total Fund Fund 31-Mar-25 #REF! £ £ £ £ 0 0 0 0 0 0 0 0 |
|---|---|
13. RESTRICTED FUNDS
| CAB Trussel Trust Financial Inclusion Staff Training Trussel Trust Capacity & Skills NHS Community Participation Action Research WSCC LAN WSCC HSF5 (Household Support Fund) WSCC HSF6 (Household Support Fund) Sussex Community Foundation Chalk Cliff Trust Basil Shippam Bognor Regis Town Council |
Balance Balance 29-May-24 Income Expenditure Transfers 31-Mar-25 £ £ £ £ £ 0 27,100 -21,459 6,515 12,156 0 0 0 2,445 2,445 0 0 -1,975 5,900 3,925 0 0 -5,771 5,771 0 0 7,500 -7,500 0 0 0 11,259 -11,250 0 9 0 5,000 -5,000 0 0 0 5,000 -5,000 0 0 0 750 -750 0 0 0 500 -500 0 0 0 57,109 -59,205 20,631 18,535 CURRENT REPORTING PERIOD |
|---|---|
Transfer amount of £20,631 represent the funds transferred to the CIO on the 01.06.2024.
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BOGNOR REGIS FOODBANK
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE 10 MONTHS PERIOD ENDED 31ST MARCH 2025
13. RESTRICTED FUNDS (Continued)
CAB Trussel Trust Financial Inclusion: used for CAB Financial Inclusion staff costs Staff Training Trussel Trust Capacity & Skills: used staff training cost NHS Community Participation Action Research: used for CPAR Payroll / Self employed costs WSCC LAN: used for rent
WSCC HSF5 (Household Support Fund): used for food purchases WSCC HSF6 (Household Support Fund): used for food purchases and overheads Sussex Community Foundation: used for up to 6 months of payroll costs for operations manager Chalk Cliff Trust: used for core operating costs Basil Shippam: used for core operating costs - rent, salaries Bognor Regis Town Council: used for up to 3 months of operations manager salary
The restricted funds are wholly represented by cash reserves of the charity.
14. DESIGNATED FUNDS
The charity had no designated funds in the reporting period ending 31st March 2025.
15. EVENTS AFTER THE END OF THE REPORTING PERIOD
After the year end we have given notice to our landlord to vacate the property by 21st August 2025 and will be moving into the Hope Centre, St Wilfrid Church, Ellasdale Road, Bognor Regis on 26th July 2025. A capital contribution of £23,000 was paid to St Wilfrid Church to construct a mezzanine floor in their hall and a further £7,000 will be paid towards this. A rental agreement has been signed for a period of 5 years.
16. RISK ASSESSMENT
The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
17. RESERVES POLICY
The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.
18. PUBLIC BENEFIT
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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