FRIENDS OF ISAAC'S FOOD BANK CIC

Company limited by guarantee

Company Registration Number:
14711585 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 7 March 2023

End date: 31 March 2024

FRIENDS OF ISAAC'S FOOD BANK CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

FRIENDS OF ISAAC'S FOOD BANK CIC

Profit And Loss Account

for the Period Ended 31 March 2024

13 months to 31 March 2024


£
Turnover: 28,307
Cost of sales: ( 13,280 )
Gross profit(or loss): 15,027
Distribution costs: ( 3,964 )
Administrative expenses: ( 7,169 )
Other operating income: 610
Operating profit(or loss): 4,504
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 4,504
Tax: ( 856 )
Profit(or loss) for the financial year: 3,648

FRIENDS OF ISAAC'S FOOD BANK CIC

Balance sheet

As at 31 March 2024

Notes 13 months to 31 March 2024


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 4,504
Investments:   0
Total current assets: 4,504
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 3 ( 856 )
Net current assets (liabilities): 3,648
Total assets less current liabilities: 3,648
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 3,648
Members' funds
Profit and loss account: 3,648
Total members' funds: 3,648

The notes form part of these financial statements

FRIENDS OF ISAAC'S FOOD BANK CIC

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 5 March 2025
and signed on behalf of the board by:

Name: Claire Louise Simmons
Status: Director

The notes form part of these financial statements

FRIENDS OF ISAAC'S FOOD BANK CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FRIENDS OF ISAAC'S FOOD BANK CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    13 months to 31 March 2024
    Average number of employees during the period 0

FRIENDS OF ISAAC'S FOOD BANK CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Creditors: amounts falling due within one year note

13 months to 31 March 2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 856
Accruals and deferred income 0
Other creditors 0
Total 856

COMMUNITY INTEREST ANNUAL REPORT

FRIENDS OF ISAAC'S FOOD BANK CIC

Company Number: 14711585 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Isaac started the Food Bank project in November 2020 at age 9, driven by a desire to support his community during the pandemic. Beginning with a modest collection of food items in a pop-up greenhouse on his driveway, the project has expanded to five sites across Redditch, distributing over 5000 parcels per year. Three of these sites were opened in the financial year 2024. The food bank serves anyone in crisis, offering appointments 365 days a year without referrals. Isaac also launched a community pantry, rescuing edible food from supermarkets that would otherwise go to landfill and redistributing it within the community. Supported by local allotments, the pantry provides fresh fruit, vegetables, and bread on a ‘take what you need’ basis. In addition to this we have also sent out over 100 toy parcels at Christmas and easter eggs at Easter to any family struggling with the cost of gifts. The main aims of the project are: Increase food security by ensuring access to nutritious food for all residents Reduce waste by collaborating with local supermarkets to minimise food waste Enhance mental wellbeing by reducing the stress associated with food insecurity in a friendly, non-judgmental way Empower users by allowing them to select food items that best meet their needs Focus on sustainability and zero-waste, ensuring any inedible food is sent to local farms as animal feed Isaac’s Food Bank directly addresses the priority area of cost of living and food and fuel poverty by providing essential support to all residents in the borough of Redditch and beyond, who are facing food insecurity. This includes families, individuals, the elderly, and those with limited ac-cess to transportation. We offer essential food items, baby milk, pet food, toiletries, and house-hold cleaning products, alleviating the immediate stress of not having enough to eat and is cru-cial in helping individuals and families manage their limited resources more effectively, reducing the financial burden associated with purchasing these necessities. Furthermore, by addressing these basic needs, Isaac’s Food Bank contributes to creating a healthier, more resilient community. Ensuring access to nutritious food and essential items helps individuals maintain their health and well-being, enabling them to lead independent, ac-tive, and healthy lives. The project also fosters a sense of community and support, as it involves local volunteers and partnerships with health professionals, enhancing social cohesion and coming together to help one another. Overall, Isaac’s Food Bank plays a vital role in mitigating the effects of the cost-of-living crisis and food poverty, promoting a fairer and more caring community for everyone.

Consultation with stakeholders

We have consulted stakeholders through gaining regular feedback from those who use the ser-vice during their visits, and also the wider community through social media. Consultations have included the types of products we stock and regular lines have been added through this feedback. We have also consulted the wider community as to where new sites would be most beneficial to the residents in terms of need and accessibility. All directors and many of our volunteers have lived in the community for a number of years and have used their knowledge and understanding of the local area to help within this decision-making process and meet monthly to review practices and proactively make changes when needed. We work closely with other organisations including with a variety of businesses, the NHS com-munity teams and social prescribers to ensure that we are accessible to all sections of society.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
5 March 2025

And signed on behalf of the board by:
Name: Claire Louise Simmons
Status: Director