Charity Registration No. NIC108533 Company Reglstration No. N1676076 {Northern Ireland) BANGOR FOODBANK & COMMUNITY SUPPORT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 BANGOR FOODBANK & COMMUNITY SUPPORT LEGAL AND ADMINISTRATIVE INFORMATION Trustees G Faulkner J Faulkner AAddidle S Beattie E Magrath Secretsry G Faulkner Charity number NIC108533 Company number N1676076 Banke AIB (NI) 85 Main Street Bangor BT20 4BA BANGOR FOODBANK & COMMUNITY SUPPORT CONTENTS Page Trustees. report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 8-14 BANGOR FOODBANK & COMMUNITY SUPPORT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 29 FEBRUARY 2024 The trustees present their report and financial statements for the year ended 29 February 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's articles of association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). ObJe¢tlves and activlties The charitable purpose of the organisation is the prevention and relief of poverty. We receive donations of non- perishable food and other household items from the local community through support from churches, businesses, individuals and community groups. Individuals and families in need Gan access our services through external referral agencies, front line service providers including churches, schools, MLqs and Health and Sooal Care Trust Keyworkers. The charity's objects are to tackle poverty borne problems by working together and looking to the community for solutions. Supported by a network of businesses, churches and individuals, the charity has provided a daily safety net for at-risk families. those over 65 years of age and other individuals in the North Down & Ards Peninsula area. We have a proud history of working closely wilh a wide range of community organisations and front [￿le service providers to provide better oulcomes for people. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and performance Over the past year, Bangor Foodbank and Community Support {BFCS) has made a remarkable impacl in the community, addressing the growing need for emergency support and tackling the root causes of poverty and hardship. One of the most significant achievements has been the expansion of the fix)dbank's SerVi￿s. Over the past year, Bangor Foodbank and Community Support has provided crucial assistance to over 3,240 individuals, a 150/0 increase compared to the previous year. OLFr core service, the foodbank, distributed over 65 tonnes of food. equating to more than 154,760 meals. We are proud to have been able to meet this rising demand while maintaining the quality and dignity of the services we offer. Thi5 increase in distribution reflects the rising demand, driven by factors such as the cost-of-living crisis and the aftermath of the COVID-19 pandemic. In addition to meeting basic needs, BFCS has significantly advanced its Financial Inclusion servi￿. This program offers personalised financial guidance and support to help people manage their money more effectively. Over the past year, BFCS has supported over 3,240 individuals through one-on-one financial coaching sessions and workshops. helping them to create budgets, manage debt, and set savings goals. Many participants have reported an improved sense of financial security and reduced stress, showing the tangible impact of this service. The Ten Tiny Toes baby bank has also seen significant growth, supporting over 106 families wtth essential baby supplies, including nappies, clothing, and equipment. This service is crucial for parents and caregivers facing financial hardship. ensuring that every child has access to the necessities for a healthy and happy start in life. Feedback from recipients has been ovefwhelmingly posilive, with many expressing gratitude for the support during challenging times. This year also marked the launch of a new Addiction Drop-ln service, addressing a critical gap in support for individuals struggling with substance abuse. The drop-in provides a safe, welcoming space where people can seek help, access resources. and connect with trained volunteers and staff who offer guidance and emotional support. The response to this service has been encouraging, with many attendees taking steps towards recovery and rebuilding their lives. BFCS'S achievements are not only measured in numbers but also in the stories of transformation and hope. The organisation has forged strong partnerships with local agencies, businesses, and volunteers, enhancing its ability to respond effectively to the communily's needs. By taking a holistic approach that addresses both immediate and long-term Challenges, BFCS has empowered countless individuals and families to overcome adversity and build brighter futures. BANGOR FOODBANK & COMMUNITY SUPPORT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 29 FEBRUARY 2024 Looking ahead. BFCS remains Committed to expanding its reach and impact, continuing to serve as a beacon of hope and resilience for those in need. The past year has been a testament lo the dedication and compassion of its team, volunteers, and supporters, who have made these achievements possible. Financial review During the year the Charty generated incoming resources of £164,189. Outgoing resources were £173,809 leaving net outgoings of £9,620 for the year to 28 February 2024. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity'5 current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The trustees has assessed the major risks to which the charity is exposed. and are satisfied that systems are in place to mitigate exposure to the major risks. Plans for future periods The aim of BFCS is to provide compassionate and practical assistance to individuals and families facing financial hardship. Working with such organisations as Home Start, Women's Aid, uHub. Orchardville and the Simon Community and by offering a range of services and programmes, including emergency food parcels, financial guidance, and essential baby items, BFCS strives to alleviate the immediate pressures of poverty while addressing its underlying causes. Our goal is not only to provide relief but to empower people to achieve lasting stability and well-being. BFCS believes in trealing everyone with dignity and respecl, creating a safe. welcoming environment for those who seek help. The organisation recognises that each person's journey is unique, and we offer personalised support to help individuals regain control of their lives. From helping families pul food on the table to guiding people through financial challenges or supporting new parenls, BFCS is dedicated to making a meaningful impact in the community. Through our compassionate efforts, BFCS aims to create a more caring and connected community where everyone has the opportunity to thrive. Structure, governance and management The charity is a company limited by guarantee and incorporated on 2nd February 2021. The company was established under Articles of Association which set out the objectives and powers of Ihe charitable company and the Company is governed by these Articles. In the event of the Company being wound up, board members are required to contribute an amount not exceeding £1. BFCS is in compliance with legal and other government oblKJations. The company was formally granted charitable slatus by the Northern Ireland Charities Commission on 22nd February 2022. The tnjstees, who are also the directors for the purpose of company law, and who served durFng the year and up to the dale of signature of the financial statements were.. G Faulkner J Faulkner AAddidle S Bealtie E Magrath None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. BANGOR FOODBANK & COMMUNITY SUPPORT TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 29 FEBRUAR Y 2024 Volunteers Volunteers are the backbone of Bangor Foodbank and Community Support {BFCS), playing an essential role in the delivery and success of all our services. Their dedication, compassion, and commitment make a profound difference in Ihe lives of those we serve. From sorting and packing food parcels to offering a friendly and SUFPOrtive ear, our volunteers are at the heart of everything we do. At the foodbank, volunteers work lirelessly to ensure that families in crisis receive nutritious food parcels. They handle the collection, sorting, and distribution of donations, often going above and beyond to create a welcoming and dignified experience for those seeking help. Their friendly. non- judgmental presence makes a significant impact, offering not just food but also a sense of communily and support. In our Financial Inclusion program, volunteers provide on&on-one advice sessions, helping individuals navigate complex financial challenges. Their expertise and patience empower clients to take control of their finances and build more secure futures. The Ten Tiny Toes baby bank relies on volunteers to collect. organise, and distribute essential baby items lo families in need. Their hard work ensures that parents have access to the supplies they need to care for their children, alleviating some of the stress and anxiety that financial hardship can bring. Our new Addiction Drop-ln service also benefits immensely from the dedication of volunteers, who offer a compassionate, listening ear and support to those struggling with addiction. The passion and generosity of our volunteers inspire us every day. Their work is crucial in providing not just practical assistance but also hope. dignity, and a sense of community for those who are struggling. We couldn't do it without theml The trustees, report was approved by the Board of Trustees. G Faulkner Chairperson 14 November 2024 BANGOR FOODBANK & COMMUNITY SUPPORT STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 29 FEBRUARY2024 The trustees, who are also the directors of Bangor Foodbank & Community Support for the purpose of company law, are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stste of affairs of the charity and of the incoming resources and application of resources, including Ihe income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. BANGOR FOODBANK & COMMUNITY SUPPORT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BANGOR FOODBANK & COMMUNITY SUPPORT I report to the trustees on my examination of the financial statements of Bangor Foodbank & Community Support (the charity) for the year ended 29 February 2024. Responsibilities and basis of report As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparalion of the financial statements in accordance with the requirements of the Companies Act 20LE (Ihe 2006 Act). Having satisfied myselflhal the financial statements of the charity are not required to be audited under company law and are eligible for independent examination. it is my responsibility to.. examine the accounts under section 65 of the ChariliesAct (Northern Ireland) 2008,. follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act, and state whether particular matters have come to my attention. Independent examinerfs statement I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Chaiities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes a consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as chanty trustees concerning any such matter5. My role is to state whether any material matters have come to my attention giving me cause to believe= accounling records were not kept in respect of the charity as required by section 386 of the 2006 Act,. or the financial statements do not accord with those accounting records., or the financial statement5 do not comply with the accounting requirements of section 396 of Ihe Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland ', or That there is further information needed for a proper understanding of the accounts to be reached. I have completed my examination and I have no concerns in respect of the matters (1) to {4} listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Paula Armstrong FCA Dated.. 13 November 2024 BANGOR FOODBANK & COMMUNITY SUPPORT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 29 FEBRUARY 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income fr Donations and legacies 96,686 67,503 164,189 133.474 83.478 216,952 tivi Charitable expenditure 140,598 33,211 173,809 90,982 28,393 119.375 Total charitable expenditure 140,598 33,211 173.809 90,982 28,393 119,375 Net {expenditure)lincome for the yearl Net movement in funds {43,912) 34.292 (9,620) 42,492 55.085 97,577 Fund balances at l March 2023 89,502 116,498 206.000 47,010 61.413 108,423 Fund balances at 29 February 2024 45,590 150,790 196.380 89,502 116,498 206.000 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. BANGOR FOODBANK & COMMUNITY SUPPORT BALANCE SHEET AS AT 29 FEBRUARY2024 2024 2023 Notes Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 122,259 113,578 77,093 100,878 77,093 100.880 Credltors: amounts falllng due wlthln one year 10 (2,972) {8,458) Net current assets 74,121 92,422 Total assets less current liabilities 196,380 206.000 Income funds Restricted funds Unrestricted funds 150.790 45.590 116,498 89.502 196,380 206,000 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006. for the year ended 29 February 2024. The trustees acknowledge their responsibilities for ensuring thal the charity keeps accounting records which comply with section 386 of the Act and for preparFng financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of reSoUr￿s, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to Ihe company. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to Ihe small companies regime. The financial statemenls were approved by the Trustees on 14 November 2024 G Faulkner Trustee Company Registration No. N1676076 BANGOR FOODBANK & COMMUNITY SUPPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY2024 Accountlng policies Charlty Informatlon Bangor Foodbank & Community Support is a private company limited by guarantee incorporated in Northern Ireland. The registered office is . 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's Igoverning documentl, the Companies Act 2006 and "Accounting and Reporting by Charities: Statemenl of Recommended Pradice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" {as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bullelin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling. which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees Continue to adopt the going concem basis of accounting in preparing the financial slatemenls. 1.3 Charitable funds Unrestricted fun