for the Period Ended 31 March 2024
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
13 months to 31 March 2024 | ||
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£ |
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Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Distribution costs: |
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Administrative expenses: |
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Other operating income: |
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Operating profit(or loss): |
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Interest receivable and similar income: |
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Interest payable and similar charges: |
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Profit(or loss) before tax: |
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Tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 13 months to 31 March 2024 | ||
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£ |
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Fixed assets | |||
Intangible assets: |
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Tangible assets: |
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Investments: |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: |
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Cash at bank and in hand: |
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Investments: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 3 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: |
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Provision for liabilities: |
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Accruals and deferred income: |
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Total net assets (liabilities): |
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Members' funds | |||
Profit and loss account: |
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Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2024
Basis of measurement and preparation
for the Period Ended 31 March 2024
13 months to 31 March 2024 | ||
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Average number of employees during the period |
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for the Period Ended 31 March 2024
13 months to 31 March 2024 | ||
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£ | ||
Bank loans and overdrafts |
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Amounts due under finance leases and hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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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.
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.
No remuneration was received
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