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|||||||||Pages|
|---|---|---|---|---|---|---|---|---|
|Trustees'|annual<br>report (incorporating|||the|director's|report)||1to6|
|Independent<br>auditor's||report to|the members|||||7to 10|
|Statement|offinancial|activities|(including||income and expenditure||account)||
|Statement|offinancial|position||||||12|
|Statement|ofcash flows|||||||13|
|Notes to the financial||statements||||||14to 24|





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|Registered|charity name|charity name|Black Country Foodbank Limited|Black Country Foodbank Limited|Black Country Foodbank Limited||
|---|---|---|---|---|---|---|
|Charity registration||number|1136676||||
|Company|registration|number|06986325||||
|Principal|office and registered||3BSwallowfield|Courtyard|||
|office|||Wolverhampton|Road|||
||||Oldbury||||
||||West Midlands||||
||||B692JG||||
|The trustees|||||||
||||Mr CMaltby||||
||||Ms JCorns||||
||||Mr JM Russell||||
||||Ms P LaRue||||
||||Mr LMassey||||
|Auditor|||BSNAssociates|Limited|||
||||Chartered<br>accountants||k, statutory|auditor|
||||3BSwallowfield|Courtyard|||
||||Wolverhampton|Road|||
||||Oldbury||||
||||West Midlands||||
||||B692JG||||





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|able<br>level of un<br> it obligations.|restricted<br>funds|to retain,|to allow the char|ity to have suffic|ient<br>funds g|
|---|---|---|---|---|---|
|||||2022|2021|
|Unrestricted<br>Funds||||610,154|478,882|
|Restricted Funds||||96,792|95,246|
|Total Funds||||706,946|574,128|
|%ofunrestricted|funds to annual|operating|expenditure|394|371|





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|||||Year end|ed 31 March 2|022|||
|---|---|---|---|---|---|---|---|---|
|||||||2022||2021|
||||||Unrestricted|Restricted|||
||||||funds|funds|Total funds|Total funds|
|||||Note|||||
|Income and endowments|||||||||
|Donations<br>and|legacies|||5|243,132|878,153|1,121,285|1,216,661|
|Investment<br>income||||6|425||425|136|
|Total income|||||243,557|878,153|1,121,710|1,216,797|
|Expenditure|||||||||
|Expenditure<br>on|charitable||activities|7,8|109,440|879,452|988,892|785,725|
|Total expenditure|||||109,440|879,452|988,892|785,725|
|Net income|||||134,117|(1,299)|132,818|431,072|
|Transfers between||funds|||(2,845)|2,845|||
|Net movement|in|funds|||131,272|1,546|132,818|431,072|
|Reconciliation|offunds||||||||
|Total funds brought||forward|||478,882|95,246|574,128|143,056|
|Total funds carried forward|||||610,154|96,792|706,946|574,128|





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|||Statement of Financial<br>Pos|Statement of Financial<br>Pos|ition|||
|---|---|---|---|---|---|---|
|||31 March 2022|||||
|||||2022||2021|
||||Note||||
|Fixed assets|||||||
|Tangible fixed assets|||14||29,331|41,739|
|Current<br>assets|||||||
|Debtors|||15|2,681||20,940|
|Cash at bank|and in hand|||678,840||513,716|
|||||681,521||534,656|
|Creditors: amounts||falling due within one year|16|3,906||2,267|
|Net current|assets||||677,615|532,389|
|Total assets|less current liabilities||||706,946|574,128|
|Net assets|||||706,946|574,128|
|Funds ofthe|charity||||||
|Restricted funds|||||96,792|95,246|
|Unrestricted|funds||||610,154|478,882|
|Total charity funds|||18||706,946|574,128|





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|||Y|ear ended 31 March 20|22||
|---|---|---|---|---|---|
|||||2022|2021|
|Cash flows from operating|activities|||||
|Net income||||132,818|431,072|
|Adjustments for:||||||
|Depreciation oftangible fixed||assets||16,644|14,526|
|Other interest receivable<br>and|similar income|||(425)|(136)|
|Interest payable<br>and similar|charges|||267|453|
|Gains on disposal oftangible|fixed assets||||(3,450)|
|Accrued expenses/(income)||||21,459|(20,490)|
|Changesin:||||||
|Trade and other debtors||||(1,561)||
|Cash generated<br>from operations||||169,202|425,210|
|Interest paid||||(267)|(453)|
|Interest received||||425|136|
|Net cash from operating<br>activities||||169,360|424,893|
|Cash flows from investing|activities|||||
|Purchase oftangible<br>assets||||(4,236)|(17,494)|
|Proceeds from sale oftangible||assets|||4,500|
|Net cash used in investing<br>activities||||(4,236)|(12,994)|
|Net increase in cash and cash||equivalents||165,124|411,899|
|Cash and cash equivalents|at|beginning|ofyear|513,716|101,817|
|Cash and cash equivalents|at|end ofyear||678,840|513,716|





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|Donations|and legacies||||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2022|
|Donations|||||||
|Donations|received|||237,507|10,540|248,047|
|Donations|received offood, toiletries|and houehold|items||||
|for those in crisis|||||834,253|834,253|
|Grants|||||||
|Grants receivable||||5,625|33,360|38,985|
|||||243,132|878,153|1,121,285|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2021|
|Donations|||||||
|Donations|received|||440,834|25,774|466,608|
|Donations|received offood, toiletries|and houehold|items||||
|for those in crisis|||||644,209|644,209|
|Grants|||||||
|Grants receivable||||27,550|78,294|105,844|
|||||468,384|748,277|1,216,661|



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||||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|---|---|---|---|---|---|---|---|---|
||||Funds||2022|Funds||2021|
|Bank|interest|receivable|425||425|136||136|





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|Expenditure<br>on charitable|activities by|fund type||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2022|
|Provision offood, toiletries|and household|items to those||||
|in crisis|||1,207|854,011|855,218|
|Support costs|||108,233|25,441|133,674|
||||109,440|879,452|988,892|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2021|
|Provision offood, toiletries|and household|items to those||||
|in crisis|||145|656,355|656,500|
|Support costs|||102,759|26,466|129,225|
||||102,904|682,821|785,725|



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|||Activities||||
|---|---|---|---|---|---|
|||undertaken||Total funds|Total fund|
|||directly|Support costs|2022|2021|
|Provision of|food, toiletries and household|||||
|items to those in crisis||855,218|127,529|982,747|784,174|
|Governance|costs||6,145|6,145|1,551|
|||855,218|133,674|988,892|785,725|



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|Analysis of|suppo|rt<br>costs||||
|---|---|---|---|---|---|
||||Provision of|||
||||food, toiletries|||
||||and household|||
||||items to those|||
||||m crIsls|Total 2022|Total 2021|
|Staff costs|||64,933|64,933|65,335|
|Premises|||8,200|8,200|8,700|
|Communications||and IT|3,190|3,190|3,649|
|General office|||2,838|2,838|3,349|
|Governance|costs||6,145|6,145|1,551|





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||||Ye|ar e|nde|d|31 March|2022|||
|---|---|---|---|---|---|---|---|---|---|---|
||Insurance|||||||1,282|1,282|1,128|
||Repairs &maintenance|||||||3,864|3,864|2,095|
||Motor &travel expenses|||||||8,406|8,406|8,430|
||Profit on disposal ofsale ofassets|||||||||(3,450)|
||Other office costs|||||||11,488|11,488|8,833|
||Management<br>fees|||||||||2,925|
||Contracted<br>assistance|||||||4,842|4,842|6,851|
||Fundraising<br>costs|||||||1,842|1,842|5,303|
||Depreciation|||||||16,644|16,644|14,526|
|||||||||133,674|133,674|129,225|
|10.|Net income||||||||||
||Net income is stated after charging/(crediting):||||||||||
||||||||||2022|2021|
||Depreciation oftangible fixed assets||||||||16,644|14,526|
||Profit/loss<br>on disposal|offixed assets||||||||(3,450)|
|11.|Auditors<br>remuneration||||||||||
||||||||||2022|2021|
||Fees payable for the audit ofthe financial||||statements||||1,680|920|
|12.|Staff costs||||||||||
||The total staff costs and employee benefits||||for|the|reporting|period are analysed|as follows:||
||||||||||2022|2021|
||Wages and salaries||||||||63,869|52,909|
||Pension costs||||||||1,064|599|
||||||||||64,933|53,508|
||The average<br>head count ofemployees|||during||the year was||5 (2021:5). The|average number of full-time||
||equivalent<br>employees|during|the year is analysed||||as follows:||||
||||||||||2022|2021|
||||||||||No.|No.|
||Number ofstaff||||||||5|5|





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|14.|Tangible fix|ed assets|||||||
|---|---|---|---|---|---|---|---|---|
|||||Land and|Fixtures and||||
|||||buildings|fittings Motor vehicles||Equipment|Total|
||Cost||||||||
||At 1 April 2021|||47,197|6,024|31,559|14,583|99,363|
||Additions||||2,760||1,476|4,236|
||At 31March|2022||47,197|8,784|31,559|16,059|103,599|
||Depreciation||||||||
||At 1 April 2021|||33,652|4,141|11,915|7,916|57,624|
||Charge for the year|||4,720|589|7,890|3,445|16,644|
||At 31March|2022||38,372|4,730|19,805|11,361|74,268|
||Carrying<br>amount||||||||
||At 31March|2022||8,825|4,054|11,754|4,698|29,331|
||At 31March|2021||13,545|1,883|19,644|6,667|41,739|
|15.|Debtors||||||||
||||||||2022|2021|
||Prepayments|and accrued income|||||2,681|20,940|
|16.|Creditors: amounts||falling due|within one|year||||
||||||||2022|2021|
||Accruals and|deferred|income||||3,906|2,267|



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|Unrestricted<br>funds||||||
|---|---|---|---|---|---|
||||||At|
||At||||31March 202|
||1 April 2021|Income|Expenditure|Transfers|2|
|General funds|478,882|243,557|(109,440)|(2,845)|610,154|
||At||||At|
||1 April 2020|Income|Expenditure|Transfers|31March 2021|
|General funds|113,266|468,520|(102,904)||478,882|
|Restricted funds||||||
||||||At|
||At||||31March 202|
||1 April 2021|Income|Expenditure|Transfers|2|
|Restricted Funds|95,246|878,153|(879,452)|2,845|96,792|
||At||||At|
||1 April 2020|Income|Expenditure|Transfers|31March 2021|
|Restricted Funds|29,790|748,277|(682,821)||95,246|





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|||Grants and|Grants and|Depreciation|||
|---|---|---|---|---|---|---|
||Brought|donations|donations|on fixed|Transfer of|Carried|
||forward|received|spent|assets|funds|forward|
|Equipment|4,502||1,578|164||2,760|
|Food|58,962|869,133|854,265||198|74,028|
|Baby items|6,283||549|||5,734|
|New van|5,310|||6,765|1,455||
|Carrier bags|866||73|||793|
|Walsall MBC|4,312||1,125|||3,187|
|Sandwell<br>Council||5,000|918||(195)|3,887|
|Computer|6,065||3,445|||2,620|
|Core costs|1,019||1,367||348||
|Halo phones|3,584||1,402|||2,182|
|Van Costs|3,525|4,020|7372||1,239|1,412|
|Wages and salaries|818||429||(200)|189|
||95,246|873,153|872,523|6,929|2,845|96,792|



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|Analysis|ofnet as|sets between funds||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2022|
|Tangible|fixed assets||22,353|6,978|29,331|
|Current|assets||591,707|89,814|681,521|
|Creditors less than||1 year|(3,906)||(3,906)|
|Net assets|||610,154|96,792|706,946|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2021|
|Tangible|fixed assets||24,851|16,888|41,739|
|Current|assets||456,298|78,358|534,656|
|Creditors less than||1 year|(2,267)||(2,267)|
|Net assets|||478,882|95,246|574,128|
|Analysis|ofchanges in net debt|||||
||||||At|
||||At 1 Apr 2021|Cash flows|31Mar 2022|
|Cash at bank and in hand|||513,716|165,124|678,840|





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|The total|future minimum|lease payments|under non-cancellable|operating|leases are as follows:||
|---|---|---|---|---|---|---|
||||||2022|2021|
|Not later than<br>1 year|||||3,795|2,059|
|Later than|1 year and not|later than 5 years|||679||
||||||4,474|2,059|



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