2021-03-31-accounts - Food Redistribution Wales Ltd

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		Page
Trustees' report		t -10
Statement oftrustees'	responsibilities
Independent examiner's report		12
Statement offinancial	activities	13
Balance sheet		14
Statement ofcash flows		15
Notes to the financial	statements	16-29

Reference	and administrative detai	and administrative detai	ls
Company	number		07198387
Charity number			1141781
Registered		ofhce	Unit S5
			Capital Buisiness Park
			Parkway
			Cardiff
			CF32PU
Trustees			N De Longhi - Resigned 10May 2021
			K Manson - Resigned	22 June 2020
			S Harris
			C Bray
			EWaldron
			R Hutchings - Resigned 31 March 2021
			H Vadgama -Appointed 4 November		2020
			S Milbum -Appointed	10May 2021
			J Hunt -Appointed 1 October 2021
			SGermain - Manager	(to September	2021);				CEO	(from
			September 2021)
			G Molan - Operations	Manager (to September 2021); Head
			ofOperations (from October 2021)
			P Pindar - Volunteer and Project Oificer				(to September
			2021);Volunteering 8	Employability	Co-ordinator					(from
			October 2021)
			E Roberts - Assistant	Operations Manager
			M Jones - Assistant Operations Manager (to						June	2020)
			D Richards -Assistant	Operations Manager					(from	July 2020)
			M Lee -Assistant Operations Manager
			K Padfield -Assistant	Project Manager			(to	September 2021);
			Head of Development	(from October	2021)
			C Rossi - Food Sourcing Co-ordinator			(toAugust				2021)
			H Thomas - Project Oflicer (from July			2021)
			SWilliams - Finance	Manager (from	July 2021)
			G Sullivan - Marketing	8Communications				Co-ordinator			(from
			August 2021)
			SStranks - Food Sourcing Co-ordinator				(from October 2021)
Independent		Examiners	Azets Audit Services
			Ty Derw
			Lime Tree Court
			Cardiff Gate Business	Park
			Cardiff
			CF23 8AB

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
	Notes		2021f	2021f	2021	2020 f	2020f	2020f
Income and endowments		from:
Donations and legacies			338,882		338,882	130,037		130,037
Charitable activities			175,485	423,482	598,967	135	1,000,055	1,000,190
Investments			1,567		1,567	1,280		1,280
Other income			1,000		1,000	4,482		4,482
Total income			516,934	423,482	940,416	135,934	1,000,055	1,135,989
~Ed t
Charitable activities			225,812	582,247	808,059	33,848	504,730	538,578
Net incomingl
(outgoing) resources
before transfers			291,122	(158,765)	132,357	102,086	495,325	597,411
Gross transfers
between funds			60,448	(80,448)		178,455	(178,455)
Net incomel(expenditure)
for the year/
Net movement	in funds		351,570	(219,213)	132,357	280,541	316,870	597,411
Fund balances at 1
April2020			740,794	513,303	1,254,097	460,253	196,433	656,686
Fund balances	at 31
March 2021			1,092,364	294,090	1,386,454	740,794	513,303	1,254,097

				2021		2020
			Notes	6		8
Fixed assets
Tangible assets			12		381,213		400,533
Current assets
Debtors			13	165,856		78,928
Cash at bank and	in	hand		1,159,143		821,726
				1,324,999		900,654
Creditors: amounts		falling due within
one year			14	(319,758)		(47,090)
Net cunent assets					1,005,241		853,564
Total assets less	current liabilities				1,386,454		1,254,097
Income funds
Restricted funds			17		294,090		513,303
Unrestricted funds					1,092,364		740,794
					1,386,454		1,254,097

					2021		2020
				Notes	6
Cash flows from operating			activities
Cash generated		from operations		21		405,685		613,803
Investing	activities
Purchase	oftangible fixed assets				(70,835)		(156,169)
Proceeds	on disposal oftangible fixed
assets					1,000		4,482
Investment	income received				1,567		1,280
Net cash	used	in investing	activities			(68,268)		(150,407)
Net cash	used	in financing	activities
Net increase in		cash and cash equivalents				337,417		463,396
Cash and	cash	equivalents	at beginning	ofyear		821,726		358,330
Cash and	cash	equivalents	at end of	year		1,159,143		821,726

		Unrestricted	Unrestricted
		funds	funds
		2021	2020
		6	E
Donations	and giRs	48,169	1,375
Membership	fees	290,713	128,662
		338,882	130,037

Charitable activitie	s
				2021	2020
				6	6
Grants				598,151	1,000,055
Miscellaneous income				816	135
				598,967	1,000,190
Analysis by fund
Unrestdcted funds				175,485	135
Restricted funds				423,482	1,000,055
				598,967	1,000,190
Grants
Welsh Government	- Funding	Allocation		158,161	100,000
National Lottery Community		Fund		44,255	35,133
Asda				54,129	154,922
Welsh Government-	EU Transition		Fund		710,000
Welsh Government	-Circular	Economy Fund		158,604
Fareshare UK				149,669
Waterloo Foundation				33.333
				598,151	1,000,055

		Unrestricted	Unrestricted
		funds	funds
		2021	2020
		8	8
Interest	receivable	1,567	1,280

			Unrestricted	Unrestricted
			funds	funds
			2021	2020f
Net gain on disposal	oftangible fixed assets		1,000	4,482
Charitable activities
			2021	2020
				f
Staff costs			206,286	164,592
Depreciation snd impairment			81,893	59,326
Hire of plant and machinery			2,987	4,054
Rent and service charges			32,573	2,407
Rates			4,648	1,812
Light and heat			9,212	7,353
Insurance			13,035	13,141
Advertising snd promotion			2,045	989
Motor vehicle expenses			29,782	17,094
Travel and subsistence			558	4,423
Postage and stationery			1,388	1,612
Telephone			3,190	2,918
Staff and volunteer training			1,048	349
Volunteer expenses			5,037	2,418
Repairs and renewals			35,146	9,289
Waste disposal costs			1,443	1,310
Food purchases and	consultancy	fees	300,515	138,621
			730,786	431,708
Grant funding ofactivities (see note 8)			40,000	82,500
Share ofsupport costs (see note 9)			32,728	15,226
Share ofgovernance	costs (see	note 9)	4,545	9,144
			808,059	538,578
Analysis by fund
Unrestricted funds			225,812	33,848
Restricted funds			582,247	504,730
			808,059	538,578

			2021	2020
			f
Grants to	institutions:
Community	Foundation	Wales		82,500
Fareshare	North Wales		40,000
			40,000	82,500

Support co	sts
		Support	Governance	2021	Support	Governance	2020
		costs	costs		costs	costs
		6	8		6	6	6
Staffcosts		10,153		10,153	9,771		9,771
Depreciation		8,256		8,256	1,013		1,013
Other costs		14,319		14,319	4,442		4,442
Audit fees						3,900	3,900
Accountancy	and
bookkeeping			1,815	1,815		5,244	5,244
Independent
examination	fees		2,730	2,730
		32,728	4,545	37,273	15,226	9,144	24,370
Analysed between
Charitable activities		32,728	4,545	37,273	15,226	9,144	24,370

The average	monthly number ofemployees during the yea	r was:
		2021	2020
		Number	Number
Management
Administration	and project support
Employment	costs	2021	2020
		8	E
Wages and salaries		192,715	157,336
Social security	costs	17,158	11,181
Other pension	costs	6,566	5,846
		216,439	174,363

12	Tangible fixed assets	Tangible fixed assets
			Freehold	land	Fixtures and	Motor vehicles	Total
			and buildings 8		equipment	f
	Cost
	At 1 April 2020		225,000		217,699	239,283	681,982
	Additions				70,835		70,835
	Disposals					(36,975)	(36,975)
	At 31 March 2021		225,000		288,534	202,308	715,842
	Depreciation and impairment
	At 1 April 2020		72,000		102,161	107,288	281,449
	Depreciation charged	in the year	9,000		39,281	41,874	90,155
	Eliminated in respect	ofdisposals				(36,975)	(36,975)
	At 31 March 2021		81,000		141,442	112,187	334,629
	Carrying amount
	At 31 March 2021		144,000		147,092	90,121	381,213
	At 31 March 2020		153,000		115,538	131,995	400,533
13	Debtors
						2021	2020
	Amounts falling due	within one year:				f
	Trade debtors					8,426	16,998
	Prepayments and accrued income					157,430	61,930
						165,856	78,928
14	Creditom: amounts	falling due within one year
						2021	2020
						6	6
	Trade creditors					138,335	24,176
	Other creditors					351	374
	Accruals and deferred	income				181,072	22,540
						319,758	47,090

		2021	2020
			6
Arising from grants		179,032	20,500
		2021	2020
		6	6
Balance brought	forward	20,500
Income received		756,683	1,020,555
Income released		(598,151)	(1,000,055)
Balance carried	forward	179,032	20,500

The mcome funds o	fths char	ity indude	reshiv	ded funds com	prising the following unexpen	prising the following unexpen	ded	balanc	es ofdonation	s and grants held on trust f	s and grants held on trust f	or specific p	urpos	es:
					Movement In funds					Movement in funds
				Seleece et	Ineomlns	Aeeesree	T	f m	aslcnce Ilt	Iiiccmlne	Iteeesr es	Trnfr	Sl	ei
				IApra 2010	rescclcee	expended			IAp 12020	resources	expended	21	march 2021
				5				E	E	5	E	5		5
Capiml development	fund			162,079		(9,079)			153,000		(9,000)		144,000
Welsh Government	Funding	A00cslion			100,000	(100,000)				158,161	(158,161)
Welsh Government	Circular	Economy	Fund							158,604	(433)	(25,621)	132,550
Asda Capital Fund				11,444	83,590	(11,617)	{63,255)		20,162	32,597	(10,274)	(34,827)		7,658
Asda Revenue Fund				5,423	71,332	(53,708)			23,047	21,532	(43,030)			1,549
National Lottery Ccmmundies		Fund		17,487	35,133	(48,771)			3,849	44,255	(48,104)
Welsh Government	EU Trsnsdion Fund-
Ravenus					170,000	(93,562)	(36,851)		39,587		(39,587)
Welsh Government	EU Transition Fund-
Cspilsl					540,000	(187,993)	(78,349)		273,658		(273,658)
Waledoo Foundation										8,333				8,333
				196,433	1,000,055	(504,730)	(178,455)		513,303	423,482	{582,247)	(60,448)	294,090

Analysis of	net assets	between funds
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2021	2021	2021	2020	2020	2020
		f	f	f	f	f	f
Fund balances at 31
March 2021	are
represented	by:
Tangible assets		237,213	144,000	381,213	247,533	153,000	400,533
Current assets/
(liabilities)		855,151	150,090	1,005,241	493,261	360,303	853,564
		1,092,364	294,090	1,386,454	740,794	513,303	1,254,097

	2021f	2020f
Within one year	706	44,880
Between two and five years	1,176
	1,882	44,880

Cash generated from	operations	operations				2021f	2020f
Surplus for the year						132,357	597,411
Adjustments for:
Investment income recognised		in statement		offinancial	activities	(1,567)	(1,280)
Gain on disposal oftangible fixed assets						(1,000)	(4,482)
Depreciation and impairment		oftangible	fixed assets			90,149	60,339
Movements in working	capital;
(Increase) in debtors						(86,928)	(70,821)
Increase in creditors						272,674	32,636
Cash generated from	operations					405,685	613,803