COLCHESTER FOODBANK
Colchester Foodbank seeks to address food poverty in the local area by giving food parcels to clients who have been issued with a voucher from a professional agency. In addition, we seek to make available signposting from a range of professionals who can advise on debt, housing, benefits, health and wellbeing, budgeting and child welfare.
Financial health, per its FY2024 accounts
The accounts state that total incoming resources increased by 4% to £392k, while total expenditure rose by 22% to £320k, resulting in a net increase in funds of £72k. The charity reports that reserves remain solid at £831k, although the Chair notes that purchasing a new permanent home will severely deplete these reserves and require major financial commitments.
What the accounts disclose
“On 1st January 2024 Colchester Foodbank CIO succeeded to an unicorporated charity, Colchester Foodbank (charity number 1152387). The Trustees of the old charity became the Trustees of the new CIO and all assets of the old charity were transferred across at that date.” — page 60
Funders the charity credits
- ROL Cruise
Trustees
- Peter Tibberchair
- Derek Nicol Sutherland
- Frederick Shane Aldons
- John O Brien
- Sabina Hinchliffe
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £392k | £320k |
Common questions
Is COLCHESTER FOODBANK financially healthy?
Per its FY2024 accounts: The accounts state that total incoming resources increased by 4% to £392k, while total expenditure rose by 22% to £320k, resulting in a net increase in funds of £72k. The charity reports that reserves remain solid at £831k, although the Chair notes that purchasing a new permanent home will severely deplete these reserves and require major financial commitments. Its FY2024 accounts were independently examined.