Charity registratlon numl)cr 111?e.: Company reglstrallon number 07107789 (England and Wales) CARDIFF FOODBANK ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2024
CARDIFF FOODBANK LEGALAND ADMINISTRATIVE INFORMATION Trusteès Cynthia Maure8n Alleyne Ka Lesley Badat Stephen Hicks - resigned 20 March 2024 Bruce Hurrell Christophor Brian Johnes Margaret Louise Lynn Gauri RosebirKI Tayknr-Nayar Craig Jonathan Palmer Fi(Ma Margaret Robinson Charlty number 1139456 Company number 0710778g Registered offe Unit G Cardiff Bay Business Centre Titan Road Cardiff South Glamorgan United lQ'ngdom CF24 5BS Independent examiner Azets Audit Services Ty Dorw. Lim8 Treo Court Carthff Gate Business Park Cardiff United Kingdom CF23 8AB
CARDIFF FOODBANK CONTENTS Page Truslee5' report Ind8pandant examinerfs report Statement of flnancial acliwlies Balance sheet Notes to the financial statements 7-17
CARDIFF FOODBANK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustee5 present their annual report and financial statementts for the year end8d 31 March 2024. The financial slaternent5 have been prepared in aGcordanrA willi Ihe accounting policies set out in note I to the financial statements and comply with the charity's governing document, the Cornpanies Act 2006 8nd "Accounting and Reporting by Charities: Slatement of RecoMrnered practi applicable to chariknes prepaiing th8ir accounts in accordance with the Financial R8POrting Slandard appli(able in the UK and Republic of Ireland (FRS 102). {effective 1 January 2019). ObJectives and activities Overview of the Charity Across tne UK, one in seven people face hunger because they sirnp d£'t have enough money to live on. In Wales. it's worse. with one in five people facing hunger, three quarters of a million people. And one in three children in Wales gre livins in poverty. Cardiff Foodbank operates as a stand81one charlty (Cnartty registration number 1139456) and Company Limited by Guarantee (Company registration number 07107789}. Cardrff Fot)dbank works in partnership with the Trussell Trust netsvork of Charities and organisations opérating foodbanks across the UK to suppty emergency food to those who are unabl8 to meet their need for essential food items. The charty works exGluslvely In Cardrff but works in partnership with many organisations and indNiduals to provKle food and complernentary services to rn88t the needs of people across Car(Siff. ChaTltable objects Our Gharltable objects are.. Specifi¢8lly r8Stricted to the relief of those people in r,eed by r8ason youth. age. 111-h8alth. disability, finanGlal hardship or other disadvantage INrng in the city of Cardiff and its environ5. Lciroii! FoodL)anK 1% iii Pis 18, vetii or oper2;iDn_ sbppl). al erne".gpYknS food +r. ie ? i)eo'),!J lyl Cardiff through short term crisis situations. The organisation colkcts, stores and distributes food to dients who are assessed lo be in need by referral agencies. These agencles assess individuals. neeil for Cardrff Foodbank vouchers and issues those vouchers electronically to lienls, who are then able lo visit on& of our eight Distribution Centres ifi Cardiff and exchange the vouc*er for emergency food. By working with the Trussell Twust and other foodbanks in the network we are able to add high4evel, anonymised. statistical operating data to fomi a national picture of need. providing a platforni for bbbying for change of policy +0 govemment. Our 9081 is to reduce the need for pw)le to Come to foodbanks by unders'anthng the undarlying issues which have brought someonc to thc foodbank, pVIdIng nelp through partners and our refe81 agencies, and developing parlnerships and prujecl5 to address and pr8venl the causes of food poverty. Public bcncfit The trustees have paid due regard to guidance issued by the Charity Commlsslon In deciding what activits'es the charity should undertake.
CARDIFF FOODBANK TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevaments and parformance Cardiff Foodbank continues to run 12 tw(Fhour sessions across eight Cardiff Dislribulion Centres each week. n the period April 2023 lo March 2024, Cardrff Foocbank received 180.665kgs of stock. Thi5 inctudes 165.468kgs Of general public donations and 15.196kgs of purchased stock. During the same period. we prowded 20.208 emergency food parcels - 380k of Ihem were for childran. This is a 4.9% incrgase on the previous financial year. Our food and e$tial items are th)nated by Individuals, Churches, communty groups. supemiarkets, schools ?nd businesses throughout Cardiff. We are also needing lo purchase items to supplement the donaOons we re¢eive. From the total amount of the 180,665kgs donated arKI purchased Stock, we distribuied 175,060k9S to our foodbank cèntres with a further 12,132kgs distributed to other Trussell Trust foodbanks and other organisatrons meetlng the mmediate needs of people in finanaal crisis. In the 12 month period April 2023 to Marth 2024 Cardiff Foodbank issu8d 8,189 vouchers through Its ref88[ agencies, which provided 7.700 dNldren and 12.438 adults with emergency fo&J sufflclent for Ihre@ meals a day for thrèe days. The main rèasons that dients had for accessing Cardiff Foodbank emergency ptovis¥)n w8re th8 rising cost of ÉSS8ntiaSs, the ongoing impact of a physical or meTrtsl health )ndItion. and having to service other priority debt. Operatlon Al thg food comes to the maln warehous8. where li is welghed. Cardlff Foodbank has regular volunteers w.no attend the warehouse and office over four days each week to sort th8 food into types and date order. We ¢ilsu hdve volunteer van drivers to collect donations and do1 food to the eight Distribution Centres acmss Cardiff. During thFS financial y9ar. we had over 200 regular active volunteers. Regular training for new war8house, distribution centres and driving volunteers to)k place. which cov8red manual handling. health and safety, and sw)port in how to Meet arKJ greet our clients. DLJring tne saiTre perioo. we also continued tg worF. to oddrc-ss ine ILIOL C21ises ol povoV.y and bring an eria lo the need for foodbar)k8 through projects. partnorships and campaigns. Finahclal review The charity generated an unrestricied surplus of £88,556 (2023.. £ I 72.551). Level of Reserves Cardrff Foodbank has unrestricted reserves as at 31st Marth 2024 which have been accounted for under 'Designated FurKI Reserves, in our thanty accounts. These reserves are detailed in the notes to th8 a(£ounts oll page 15, note 16. The chaiivs unrestricied reserves are £767.921 (2023: £679,365) induding deslgnated fijnds. Excludlng deslgnated funds the free reseNes ar8 £136,981 (2023: £38,507).
CARDIFF FOODBANK TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 5truGtura. govarnance and management Memorandum and artides of association incorporated 17 December 2009. Cardiff Foodbank operates as a standalone charity (Charity regi5trdtion number 1139456) and Company Limited by Guarantee (Company registrati number 07107789). Thg trust8os who servpd during the perlod were.. Cynthia Alleyne Karen Badat Chris Johnes Stephen Hicks Louise Lynn Craig Palmer Fiona Robinson Gauri Taylor-Nayar Bruce Hurr811 The trustees. report was approved by th8 Board of Trustees. Lioig. fdiiner Trustee Dal6'.
CARDIFF FOODBANK INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CARDIFF FOODBANK I report to the trustees on my examination of the financial statements of Cardfft F)dbank (Ihe char5ty) for the year end8d 31 March 2024. R•sponslblllties and basis of report As the trustees of the Charity (arKI also its directors for the puryjoses of comp8ny law) you are rosponsible for the preparation of the financlal staternents in aCrdanc8 wilh Ihe requirements of the Companies Act 2006 (the 200e Having salisfied myse5f that the finan(ial statements of lh8 tharlty are requirwj to be audited under Part 16 of the 2006 Act aTKI are eligible for independent examination, I report in respeci of my examination of the charitys nancial statements carrted out und8r s8dion 145 of the Charities Act 2011 (the 2011 Acl). In carrytng out my examination I have foIkywed all the applicable Direclions gi by the Charity Commission undar s8Ction 145(5}(b) of the 2011 Act. Indepèndent examinerfs statement Slnce the Gharity's gross income exceeded £250,000 your examiner must be a member of a body listed in sectlon 145 of the 2011 Ar I confirm that l am qualtfK8d to Lmdertake the examination because l am a member of The Inslittrte of Chartored Amnl8nts in England 8nd Wale8. is one of the listed bodies. I have compkted rny exarrmnatlon. I corffirrn that no matt8rs have (x)me to Iny attentlon Sn connection with the examination giving me causo to believe that in any matsrial respe.. arUnting records were Trjt k8Pt in respect of the charity as r8quired by seclion 386 of the 2006Acl,' or the financial statemènts do not acrd with those reconls: or the financlal statements do not ryjmply with the ac£ounting requirements of s8Ctron 396 of Ihe 2006 Act other than any requlrernent that th8 aUnts give a and fair vN?w which is nol a matter considered as part of an independent eKamination." or the financial statefflents hav8 not b88n prepared in accordancè with the methods and prfncipl8s of the ststement ol Recommended Practi for accounting and reporting by tharities applicable to charities preparing thelr accounts In ac(x)rdance ith the Finanryal Reporting Standard applicat4e In the UK and Republic of Ireland (FRS 102). I have no concerns and have me across no other mattets in cOn10n 1th the examination to whlch attention should b8 drawn in this repcyt in order to 6nabl8 a propw understandlng of the financial stslements to be reached. Andrew Howolls Azetg Audit Services Ty Derw. Lime Tree Court Cardiff Gate Buslngss Park Cardwf CF23 8AB United Kingdorn 17 Deceffjber2024 Dated.,
CARDIFF FOODBANK STATEMENT OF FINANCIAL ACTIVITIES JNCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unreslrlcted Re5tnctEd funds funds 2024 2024 Total Unre5trl¢t0d Rostricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and lega¢ies Charitable activities Invostments 348.110 348.110 89,573 27,838 365.309 365,309 116,341 1,351 89,573 116.341 27,838 1.351 Total income 375,948 89.573 465.521 366,660 116,341 483.001 Charitable activitie¥ 287,392 134,204 421.596 194.109 163,969 358.078 Net Incomef(expendltur¢> forthe yearf Net movement In funds 88,556 {44,631) 43,925 172,551 (47,628) 124,923 Fund balancos at 1 April 2023 679,365 94,346 773.711 506,814 141,974 648,788 Fund balances at 31 March 2024 767,921 49.715 817.636 679,365 94,345 773,711 I he sldtemenl of Iinanciill actsiiiii6s includes all gd1115 ana i055es recognised in Ine year. All inrJ)me and expenditure derive fmm corrtinuing activities. The slatement DI financial activities also o)mplies with the requirements for an income and expenditure account uncS8r the Companies Act 20(.
CARDIFF FOODBANK BALANCE SHEET ASAT 31 MARCH 2024 2024 2023 Notes Flxed assets Tangible assets 11 36.934 46,852 Current assots D8blors Cash at bank and in hand 12 28.436 761.728 17,623 715,498 790,164 733,121 Credltors.. amounts falling due withln one year 13 (9.462) {6.262) Net current assets 780,702 726,859 Total assets less current Ilabllltles 847.636 773.711 Income funds R8Stricted funds nrestricled funds Desigrlated funds General unrestricted fijnds 14 49.715 94.346 15 605.000 162,921 605,000 74,365 767.921 679,365 817,636 773,711 The company is entiled to Ihe exernplion from the aud,'t requirement ox)ntained in Section 477 of the Companles Acl 2006, for the year ended 31 March 2024. Th¢ directors aCknoedge their r8sponsibiliti8s for complying with the requirements of the Companies Act 2006 with respect lo a(wunting records and the preparation of finan¢ial stat8m8nts. The members have not required Ihe company lo obtain an audit of its finanoal statements for the year in question in aCCcdance with section 476. Th8s& financial statemen15 have been prepared in accordance with the provtsions applicable to companies subject to tha small companies regime. .. I31izl?cr2 The financi81 statements were apprnved by Ihe Trustees on ... Craig Palmer Trustèe Company registratlon nUMr 07107789
CARDIFF FOODBANK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 AccountFng policies Charlty Infornation Cardtff Foodbank is a private (ximpany firnileil by guarantee incorporated in England and Wales. The registered office is Unit G. Cardiff Bay Business Centre. Titan Road. Caréiff. South Glamorgan. CF24 5BS. United Kingdorn. 1.1 Accounting convention The financial statements have been prepared in accordance with Ihe charity's Igoveming document]. the Comp8nies Act 2006, FRS 102 'The Financia Rewrling Standard appiicabte in the UK and fiepublic of Ireland. l°FRS 102") and the Charities SORP "A¢¢ounting and Reporting by Charities.. Statement of Rbwmmended Practice applicable to charities preparing their acLJAnts in accordance with the Financial Reporling Standard applicable in the UK and Republic of Ireland {FRS 1021" (effoctive 1 January 2019). The charfty is a Public Benefft Enliiy as defined by FRS 102. The charity has taken advantage of the provisions in Ihe SORP for charities not to prepare a Stalement of Cash Flows. The financial ststements are prepared in sterfiry, which is the functional currency of thg charity. Monetary amounts in these financial statements a rounded lo the nearest £. Th6 financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going Goncern At the time of approving the finandal statements. the trustees have a reasonable expectation Ihat the charity has adequale resources to conb'nue in operational existen for the foreseoable future. Thus the truslees continue to adopt the going concern basbs of ac(x)unting in pr8paring the financial statements. Unrestricted funds are available for use at the discretior, of the trustees in furtherance Df their Gharilable objectives. Restricted Mnds are Subject to SP8cifir conditions by donors as to how they may be used. The purposes and uses of the restrict8d funds are s8t out in the notes to the financlal statements. Enéowment funds are sutty"8Ct to specific conditions by doncKs that the capital must be maintained by the charity 1.4 Incom• Income is recognised when th8 charity is legalty entitled to il after any performance conditions have been rnel, the amounts Gan be measured reliably, and il is probable that income VAII be recoived. Cash donations are recognised on reipt. OtheF dOnati¢S are recognised once the charity has been notrfied of Ihe donakn'on. unless performan conditions require deferral of the amount. Income tax recovèrable in relation to donations recei¥ed under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are rewnised on reIpt or otherwise if the charity has been notified of an imponding distribution, the amount is knowm. and receipt is 8xpoclad. If the amunt is t known, Ihe 18gacy is treated as a cnntingent asseL
CARDIFF FOODBANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies (Continued) 1.5 Expenditure ExpendtiuTe is recognised once there is a legal or constructlve obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in s@tt18men( and the amount of the obligallon can measured reliably. Expenditure is classrfi8d by activty. The costs of each activty are made up of Ihe total of direct costs and shared i))8ls, including support costs Invofved In undertaking each activity. Direct msts attributable to a single activity are allOted ditlY to that activity. Shared o)sts which contribute to rn0 than one activity and support costs whith ar8 not attributable lo a SirffJle actTrMty are apportion8d b8iw88n those activities on a basis conslstent with th8 use of resources. Central staff costs are allocated on the basis of time spent, and deprecialKn charg8s ar8 allocAtgd on the portlon of the asset's use. 1.6 Tangible fixed a55ets Tangible fixed assets are initially measured at cost and subsequently measurad at cost or valualion, net of depreciation and any impairment losses. DeprÈciation is rgwgnised so as to wrile off the cost or valuation of assets less their residual values Dver their useful lives on the following bases= Fixtures and fittings Motor vehicles 25Yo reduung balance per annum 25% reduang balance per annum The galn or Ios5 arising on Ihe dlsposal of an asset is determlned as the difference beN¥een tho sale proceeds antj Ihe Garrying value ol thg asse( arKI is reojgnised in the slalemenl of anCIal activities. 1.7 Impalrment of fixed assets At each roporting end date. the charity reviews th8 (xrying amounts of its tsngible assets to detemiinè vthelher there is dny indiLation that those absetb tiai'e suffered an impaiiinenl J¥oss. 11 any SLich indication exists. th8 r8covarable amount of the asset is es0.ma in ord8r to d8termin£ ts extenl of th8 Impalrmenl loss (if any}. 1.8 Cash and cash equivalents Cash and cash equivalents indude cash in hand. deposits held at caN with banks, other short-term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shovm thin borrowings in current liabilities. 1.9 Flnanclal instruments Th6 charity has elected to apply the provisions of Sedion 11 'Basic Fin8neAal Instruments, and Section 12 'oth8r Financial Instruments Issues. of FRS 102 to all of its financial instrumerrts. Financ4al instruments are recognised in the chariV5 balance sheet when th8 charity becomes party to th6 contractual provislons of the instrnment. Financial assets and Ilabllities are offset, with the net arnntS presented in the financial statements, when there is a legally enforceable iigll to sel off tho rocognised amounts and thére is an intenlion to settle on a n8t basis or to realis8 lh8 assel and settle thè liability simultaneou51y. Baslc flnancial assets Baslc financial assets. which include debtors and cash and bank balancs, are initially maasured at transaction price induding transac+.ion costs and are subsequently carried at amortised cost using the 8ffective interest method unless Ihe arrangement constitutes a financing transact)n. where Ihe transaction is easured at tho present value of the knture receipts discounted at a rnatkel rate of interest. Financial assets cla55ified as receivable within one y8ar are not amorlised.
CARDIFF FOODBANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (Continued) Basic financial liabilitles Basic financlal liabillties. induding creditors and b8nk loans are initially rec(gnised at transaction price unless the aangement constitutes a finanGing transaction. where the debl instrument Is measured al the present value of the future payments discounted al a market rate of interesl. Flnancial liabileS classffied as payable wlthln one year aro not arnortised. Debt instwments are subs8qU8ntly carried at amorbsed (x)st. using the effedive interesl rate method. Trade creditors are oblwJations to pay for goods or services Ihat have b88n ary]uired in the ordinary course of operations from suppliers. Amounts payabbe are dassified as current liabilib'es if payment is due within on8 ye2r or18ss. If not, Ihey 8re presented as non-cufrent liabilits'8s. Trads creditors are recognised initially at transactlon price and subsequently measured at amortIs cost using the effective interest method. Derecognition of flnanclal Ilablllties Financial liabilttses are defeCnised when the charity's contrdctual oblYJations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlent is recognised in the period in which the ernployee's service5 are received. Termination benefits are recognised imrnediately as an expense when the charity is demonstrably committed to terminate Ihe employment Df an employee or to provide lemiination b8nefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are Gharged as an expense as they fall due. Critical accountina estirnates and ludqements In the application of the chariws accounting policies. the trustees are required to make judgements, 85timalès and assumptions about the carying amount of ass<kts and liabilities that are not readily apparent from other sources. The estimates and assouated assumptions are based on h.islorical experien(E and other faciors that are considered to be r8levanL Actual results may differ from these estimates. The estimates and undertying assumptions are revieiv8d on an (mgoing basis. Revisions to accounting estimates are renised in period in vthich the estimate is revised where the revision affects only that period, or in the per',1 of the revision and future periods where the revision affecls both current 8nd ftjtijre periods. Donations and l•ga¢loS Unrestrictod Unrestricted funds funds 2024 2023 Donations and gifts 348,110 365.309
CARDIFF FOODBANK NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities 2024 2023 Perfomiance related grants 89.573 116,341 Investments Unrestrl¢ted Unrestricted funds funds 2024 2023 Interest recEivable 27,838 1,351 10-
CARDIFF FOODBANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable actlvities 2024 2023 Stsff costs Depreciatson and imp8imient Costs of goods sold Establishment costs Warehous8 move and set up sts Repairs, Maintenan etc Printing, postage and slationery General expenses and subscripb'cs Cl6aning costs Vehlcles gxpens8S Publictty costs Pathfinder costs 230.207 11,930 43,516 79,017 176.412 15,618 24,437 70,356 5,136 31,788 4,999 533 2,864 4,535 1,078 2.258 23.254 5,302 3,675 5.045 654 1.271 404,816 340,014 Share of support costs (see note 7) Share of govemance costs (see note 7) 12,656 4.124 15,951 2,113 421,596 358,078 AnaIvlS hy fippd 14.-led ftsi1ds R851ricted funds 287,052 134,204 1J4,1ts9 163,969 421,596 358,078 Support Gosts Support Governance costs costs 2024 Support Governance eosts costs 2023 Administration costs Office expenses 3,956 8.700 3,956 8,700 12.684 3.267 12,684 3,267 Indpend8nt examlner fees Other governance costs Accountancy fees 2.625 163 1,336 2,625 163 1.336 2.100 13 2,100 13 12.656 4.124 16,780 15,951 2,113 18,064 Analysed between Charitable activities 12,656 4.124 16.780 15,951 2,113 18.064 11
CARDIFF FOODBANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Trustees None of the trust8e5 (or any persons conn@(tsd with them) rece(ved any remuneration or benefits from the charity during the year. Employees The average monthly number of employees duting Ihe year was: 2024 Number 2023 Number Ernployment Costs 2024 2023 Wages and salaries Soci81 securrty costs Other pension costs 211.151 14,783 4.273 163,489 9,752 3,171 230,207 176,412 The total amount of employee benefits {including salary. employers national insurance and pension contributions) received by key management rsonnel for Iheir services lo th8 chaiity during the year lotdled £120,459 {2023. £34.919) There werp nn employe.p.S anni.'?.I rxsmtiAier?.bon wa% rnore than i". l O Taxatlon I"he charity is exempl from tax on income and gains falling within section 505 of th8 Taxés Act 1988 or sectlon 252 oflhe Taxatlon of Chargeable Gains Act 1g92 to the extent that these are applied to its charitable objecls. 12-
CARDIFF FOODBANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Tangible fixed assets turES and Motor vehlcles flttln95 Total Cost Al 1 April 2023 Additions 57.733 2,013 70,548 128,281 2,013 At 31 March 2024 59,746 70,548 130.294 Depreciatlon and impaimlent Al 1 April 2023 Depreciation charged in the year 40,644 4.489 40,786 7.441 81,430 11.930 At 34 March 2024 45,133 48,227 93,360 Carrylng amount At 31 March 2024 14,613 22.321 36,934 At 31 March 2023 17,090 29,762 46.852 12 Debtors 2024 2023 Amgunts falling due wlthin one year: Trade debtors other debtor , I le.pls and ac.Lrued in(.'umo repdqr- 88 13,828 Oi 24,535 28,436 17,623 13 Credttors: amounts falllng due within one year 2024 2023 Other taxation and social security Other creditors Accruals 969 8,493 672 5,475 9,462 6,262 13
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CARDIFF FOODBANK NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Relatod party transactions There were no disdosable related patty transactions during the year (2023 - none). 17-