COMPANY REGISTRAnoN NUMBER: 07198367
CHARrrY REGISTRATION NUMBER: 1141781
Food Redistribution Wales Limlted
Company Limited by Guarantee
Financial Statements
31 March 2024
CARSTON
Chartered accountants & statutory auditor
1 st Floor. Tudor House
16 Cathedral Road
Cardiff
CF119LJ

Food Redistribution Wales Limited
Company Llmlted by Guarantee
Financlal Slatements
Year ended 31 March 2024
Page
Tnjstees, annual report (in￿rporating the direclofs report)
Independent auditorfs report to the member5
15
Statement of finanoal adivities (indudirvJ in(x)me and
expendi￿re account)
20
Staternent of financial position
21
Statement of ca8h fiows
Notes to the finan(xal slatefflents
23

Food Redistribution Wales Limlted
Company Limited by Guarantee
Trustees. Annual Report {Incorporatlng the Dlrectorfs Report)
Year •ndod 31 March 2024
The trustees. vA)o are also the directors for the purposes of c£Jmpany law. wesent thèir rewrt and tt
financial statem6nts of the charity for ts yew ended 31 Marth 2024.
R•f•r•nc• and admlnlfjtratlve d•tall•
R•gl•lor•d charlty n•m•
Food Redlstrtiution Wales Limited
Charlty rnglslratlon numb•r
1141781
Company rngl•tr•tlon numb•r 07198367
Prlnclpal offic• and r•gi•t•r•d Unit S5
offl
Capltal 8usirnss Part(
Parkway
Cardiff
CF3 2PU
Th• tru•ts••
CPny
J Békher
S Harris
SJ Mllbum
H vad9￿&
Re8vJn8d 10 Jarw 2024
8•nlor m•n•g•m•nt
S Germ8ln- CEO
G Molan- Head of OperaUon8
K Padf*ld- He8d of
Devekipment
S Williams- Finance Manag8r
Catston
Chartered accc￿￿Trts & staiuw auditor
1st Acor, Tudor Houso
18 Cothedr81 Road
Cardtff
CF119U
Audltor
Bank•r•
The co￿0p￿ratiVe Bank. 16-17 High Str8eL Cgrdrfl, CFIO 1AX
Trlc<los. ￿nery Road. Brlslc4, BS15AS
The Charlty Bank.Lknrted. Fosse Hou¥e, 182 High Slre•t

Food Redlstrlbutlon Wales Limited
Company Limited by Guarantse
Trust•es' Annual Report (Incorporating th• Directorfs Report)
Y•ar •ndod 31 March 2024
Tru8tse Slal•m•nt:
Thls amual re[￿ clearly ￿ghlights the vrtxk Ihot FgreSh8ro Cymru ha8 urthrtaken In the kst year lo
meet ¢)ur oblecllves and how they Contr1￿19 to sustanatylity. Ow social objectwe is to g8t good
surplus food to those in need. a￿lIonn￿ntsl ot¥'8ctiv8 to ensure the food industy has a viabla
means to reduce food waste and ¢￿r etr)nomic ot4'ective is to ensure we opernte a flnanaally viable
model offering opportunities for emploY￿￿nI and vdunteering. This yearfs rewt Ss particularfy
erKouraging as during a difficult y6ar lor many people and contlnuing ch811enges for the food Industry,
we have exceeded Iwgots. stsff number8 ar¥J provldwj opporbJnStles for more vdunleers.
addrtion, Ihis year V+* have 8lso secured 8 new unit 10 help us ace8ss harder-lo-use surplus food by
provldlng Incr88sed chilled and frozen stor8g8. making our whole 0￿ratIon more aglle and responsiva
lo the lood surplus market. (￿r agilty lo ddiver is dso enhanced by thè dèv8kJFMnenl ol Redistribution
Kitchen Wales. mcrt of you can ro8d ab)uL includlng our party8￿h1p with C8rdiff & Vale
College, latsr in the report. As trustees, remain very of ￿t 15 athleved by the staff gnd
volunt88rs under a contlnulng diff￿jA eCL¥￿MIC and sockgl ctim8t8. We also ore v8ry 9ratsful for the
8UPPOrt from our ftmdors, fwd supplhws arbj community ffc￿ pathers, many of are ￿entIfIed in
this report. Please have 8 read of the eas6 sludles and lestlmnials th81 really help bring cmjr *Y)rt( to
Obl•¢tlv•• •rKI actlvltl••
Our Role
F8reShare Cymru belith5 Ihal no gC￿ food 8￿Uld go to waste. We ￿dI$l￿blrte surplus good food lo
ch8riile$ and communlty group¥ tym rt into meals. Our aim is lo supwl Ihe kxal organisations
that feed th060 in nood, Wh￿51 also provi(Ing an eIt￿callY. tnvironmentslly, and ewnomi¢81ty sound
801ution lo the food iThJuslry.
Our oper8tk*nal otlectfves fN 2023r24 wern to:
Divert ￿0 lonn6& of surFdu8 food PrO￿e food ID 225 communlty food mombers thrOug￿Ul
the year
ConlribLrte towards estimat*J Savings crf £1.3mlllhJn by the third 8Ktor
c￿trIbute toward5 2.1 mllion mea15
We are Indebted lo the We15h Govemmenl. SBRI. Moondance Foundation. the Waterlco Foundotion
and the Landfill Tax DOsp)sals Cc*nmuntty Scheme fc* their fina￿01 SUFWt. and lo the iwsinesses
and many Indi￿dud8 fc¢ thwr donations, YAIIM)ul wthlch none of Ihis would have been possible.
The trustees confirm IW they hove refwred to the Charoty Ccfflml88bn'8 guld8￿* i)n wblic bengfit
when reviewing the than￿$ aims arKI otyeclivès and in plannlng future ￿￿Ville$. Fareshare Cymru's
focus on tsckling food povety. %wJrking in partnership wllh local ch8rities ond community-based
organSsallLWS, has a direct and positive bgnefit fcf many of the most marginali$e(I p8ople in W81es
(individuals ar8 homeless, L#wmpbyed. p￿. Isolated). The charity engages indMduaL% as
volunteers in its and this Is oFen lo all memters of the eommunlty. indudir@ the most
marglnaliséd. Thls also provides opFh)rbJnities volurrteers and olhers to gain r&co￿llIC￿, Sncluding
accmditalion, for the skills they have acquired while workiThJ wth Fareshare Cymru. In addib'on
Ihrough trbe use of Surplus f(xxl we we ￿du￿ng waste and rgdu¢iThJ carbon emissions.

Food Redistributlon Wales Llmlted
Company Limiled by Guarantee
Trustees. Annual Report (Incorporating the Dlrectorfs Report} (et¥ntkn4
Y•ar ended 31 March 2024
Achlovem•nts and perforn￿ne￿
2023124 has been a year cl Ch￿Ier￿J￿9 times woing than98 aThl devetopmant. ￿th the
(x)sl-of-liwro crisis continuJThJ lo affect many people throughout Wales thg Increase in dernand for our
Se￿1￿ is sllll grovlng. 86% of the thariles and ￿MMu￿ty groups we work with say demand for thelr
semces has Increased (K ggnfftanlly inue8sed 8nd 82% say they are seeiThJ people accessirrfJ
support for the first limo (Fareshare Annual Impact Survoy 2023-24).
We hav6 witinued to s68 the irnpact on the food industy from the war in ukrni￿.. thg Israel -
Hammas w8r.' cost of frJel arKI cri￿1￿j ruming costs affecting food businesses.
As a result we havo Spent th8 year lmpknents.ng soluticTh tt) hglp us •ccass addbtlonal surplus food.
This includès investing in our abillty lo tske harder-lo-use fcods, triallng a Producllon kitchen. and
ntinuing to work with businesses via the S￿￿lus vAth Purp08e Cymru FL¥)d.
As a te$tamenl lo the oryoiry h8ft1 of our team ol volunteers, stsff. and Trustees we were
flnalists in the Charfty of the Year categNy at the Welsh Charfty Awards and ￿MInated for th8
Environment Chanpicffi Colegcry al St. Davids Award¥.
F¢y¢xl w•dhtrlbut•d
t*¥>ite the dkqlknw in 2023124 Far8Shar¢ in Wales r8rf18trilxrtgd...
1039 Tonnes
offood, of*thic* 883 Su￿[us. ThIB i¥ the equfr48lent of
2.47 m5*"on m8
(kganlsauons W• Supwt
During 2023- 2024, we Supported 195 org8nwtions In C¥drfl. Nethwl. 8rfdg8nd. Mgrttyr Tydfil,
Caerphllly. Rhondda Cynon Taf, ￿ae￿aU G￿￿1, Torfaen. V81? of Glamor9an. Swanseo. Nealh Port
Talbot, Monmoulhthre. end C￿narth9nsh1re.
In North W81es. our parlners Foreshare Mer5eyshde. gJk¥Orted 67 organisations across An91￿y,
Conwy. Denbighshlre, Flintshire. Gwy￿dd and Wrexham.
We Proudly worft a v8rW of Organi￿￿)nS that use feod to support thetr communlJe5 In m8ny
different ways. E8ch wonderful (yganisatil￿ FWQVKles more than food to tls communities. they pmide
vilal support and So￿lC￿8 to thè very vwled and needs of Ihe communities, and we arg
immensely proud to partner 1P￿th eath arKI evwy one ol them.
This includes hrynekns hostels arby ￿￿dential ￿￿88$. clubs and o)okwo prowammes,
community p8ntries and housing as5￿10110n$. 81oTrJ Mryth fcK#J w-ops, ccffimunity cafes. sup
seNces run by ￿rCheS, moswès, s(*￿S arKI commuThty c•ntres and more.
In October 2023 ￿ got the koys to ow secotyj waTthou5e sp8ce on the Capital Buslnèss Pth in
C8rdTff. This $p8ce wll help us to XCeS5 harder-twse surplus by prov¥Jlng In(¥e8s&J chilled and
trozen storage whth was buill at the start of 2024.

Food Redistrlbutlon Wales Limited
Company Limited by Guarantee
Truslee$' Annual Report (Incorporating the Dlrectorfs Report) (withuth*J
Year ended 31 Ma￿h 2024
W8 h8ve also build g ckan rotyn where wll break arxl rep￿[ bdk gz8 items into smaller
packs which are more ￿j1tab￿ for the c*aritss *ilh.
We took receipt of a labelllng maehlne k) March 2024 we us8 to relabel items in Lgrge
quantlties.
As well as this we are planning a scheme ¥thch vlll anable the tharitres wè vK>rf( ￿ to 8CC8SS
n-food item3 alongside their membership. vthich we could not rc41wt wthout this extra sp8ce.
The Redistribub'on Kitchen Wal8s Feasibility Phase ended in June 2023 and we were successful In
receiving further funding from the SBRI Cardlff C8Pit81 RegDn Sustainabk8 Producion and Supply of
Fcrfjd ChalW 01 £296,000 for a 12amonth Demmstrator Phase from Octobèr 2023.
The Redlstrtbutbn Kitc**n Wales set abc￿ to wort In partn8rshlp to utilise ￿￿ting kttchon space in
118 dOwn￿me. to produce he81thy ar•J nutritious frozen reaty meals m8d8 using surplus focwa.
Inthvidual ond l¢>SerWr￿ communmy meals were wc¥Juced arKI a Ihree type5 of pthging were
Idalled incI￿1n9 metal and plaslK containw8 a retum sth¢mo 8nd c(Thpost8bb b8gasse
e<>nlalners.
From the commencement of the proied in lknbor 2023, three posthon$ ol employment Wgro
established induding a Project Manager. Chef, and Ch8f ¢Je Partle. Octobgr 2023 - J8ThJ8ry 2024
locusod on the onboardlng of staff and Workw￿ with Foresharn Cymru stsff and extem•l pathers lo
prepare for onset of the m¢#1 produclion lrial from Jonuary 2024.
From commencement of meal 8t C8rdlff & va￿ College ￿ January 2024. lh8 triol wès
F￿0￿ft9 lo be SLttessfvl ￿th 3.353 meals d¢lNered through March. Th9$8 irKlividual aThJ community
meals supported 21 thaflles and comrnurmty groups. (X ihe 3,353 meols. 4tsJ were wnmunity mèÈls
Sonl to MerthyT Vale in 10-seNtng gastro conlainers. This period of me81 produdon was mad8
Fossltle wth 208.5 volunteer hours (Jan￿9T1. Th8 contaI￿r relum sc418me began to pkk up wtth 248
Indi¥ldual pl8sIIc 10 gastro contairwJ relwnod durlng IN8 pertod.
Several pathrs wore involved in the planning and Irbal I￿LKIng.
C8rdrfl & Vob College.. we used their kttchen space In rts downtlm8 and they wryk•J 411th
chefs and profrect team to 8nsure compliarte, sel (MJI ex[￿10110ns for trla18nd ways of
Wo￿n9. cc¥nmunuled *Aider Col￿ge.. supported ￿jeCt by k￿yidIng cooklng spaoe.
Zero2Flve {C8rdiff metrO￿lIan University): $upwted vAth writing of SOPSIHACCP; p￿ded
¢hefs wlth tralning on SOPsTrlACCP written: trainèd yoiect team Nutn'¢8lc S0fN￿re',
checked meal kbds.. yovid&d ad hcc advice on labelling. food Safety, etc.
Cardrft & Vale Health D￿l¢ties.. wepared recip9$ in line the Eatwell Guide aThJ
worked with chets to w￿￿re recipes were sultsbse larger.sc8￿ prod￿￿On', cO￿￿ted
RKW Chef ￿ Nutrftion Skills for knfe course: assisted In vdunleer reryuitmont.
Car(irfr Business School Icardlff University).. sel ¢￿t project plan for calcukqthng pr￿e polnt at
Kl oi trial using tri81 costs,. supported wlh ad hoc Icgistics.
Cykhog.. set ¢>rt project plan fc* lrfe cycle anatyss of ¢xJntsinafs: rrfov1d￿ ad adYK* on
containers 8rKI questions arouThJ sustainabilty.
Castell Howdl.. generously donated some additicnal food to supplgment the surtAus food for
me81 w0du￿10n
Partnefs D8y %fd8 hekl al Cardwt & Vale Cdlege's The Clasvoom rostOUTant in Febru￿ 2024 which
almed lo updaté pathers on so lar. tsnk Ihem for th*'r swp)i(8nd to 5wnplo Ihe RKW
meals.

Food Redislributlon Wales Llmlted
Company Llmited by Guarantee
Tru8tees' Annual Report (Incorporallng the Dlrectorfs Report) (conthuA•
Year ended 31 March 2024
C*$0 Studl•8 & T•8t1m¢￿I&ts
Cast•ll Howell
Throughout the course (* the Redistribution Kttchen Waks wliecl, Castell Howell knndty donated
ingredients to the value of £2000. Their donation8 alkxtd us to creale a greater variety of meals 8nd
ensure that e￿h of our redpes hit nutritional targets. E¢hvard Morgan. a spokesperson Tepresenb'ng
Castell How011 spoka about their involvement in the RKW proje￿.
Wo can éon818 fwl. l Gould empty th8 w8rnI￿se in ¥￿ekS and don8to It lo wple.
ul¢tim*oly thal isnl going to s(kn any woblems. Iwl ￿ can th to m8k6 some klnd ol dlfferanc8.
The kitchen woiect (RKwj...￿ far 4,325 n￿81$ hove gone out (been dthbut8dJ and l im8ging port$
ofour donatlons hove ljeen in eech olthw meal& So tlwls 40C(i+ serw.￿ wlwch have rgglly helped
M6￿y..
Angh4r•d. A W•A¥haus• Volunt••r
We intsDlewed An￿ar8d 8L*)ul exp&kn as 8 w)￿nIeer a8 part of our VO￿nI￿ar$ Week
L*lebralions. Shè said..
"ltr& been volunteering wtth Fweshwe Cymru tr 6 monlhs now. Thg experience hos been
Ove￿h01m1n91YpO&1Ne. Everyone ￿ rftolty fri•rnlty, rnady lo help. I love conv.ng here and worklng wilh
dlfferent poopk. now lrfendsl Th• w￿￿ Is physical.. I wi bethnd g desk, by mylgptop all d8y
o I really like that 8sp8d of it. I clx)se to sfwt volunt88rfrMJ wlth F8re$hw8 Cymru b8C8US8 of what
they do to ty lcrfJd￿ng lo larthm, its so Imixytar* f¢rlhe onvron+rnnt.'
North Comdty & Dlstrfct Lunch•on Club
The Luncheon Club is run solèly by volunteers. opening every Tuesday and Thursday. A throe-course
me81 is promded, fu onty £5 per head. Meals utiltse prc*Jucts provided by Fareshare Cymw and are
usualty 18Idy tradthal: vthen we visited, the menu consi51ed crf $￿et pol810 soup, thKk8n ea888rol8
th mash green beons and banana c4ke 7hith bonanas ond custsrd for desserL
The impoGt on Ihe c&mmunFty 1$ ww8lualkn. Dtyothy, run5 the dub. 8xw8sS8d how rèwardlng
her rol8 Ss..
• lol of p80pl6 who att•ThY. Tuwday Thwsdays Ihg onty days thoy during tho
I￿0k. If they d￿nI C¢)rne here, Ihey wouldnl h8ve an￿ne to lalk lo. They ￿nIe harn, they make
fr18nds. th8yéat. thgy dine and its so lo• to S66 t￿M mok• friends and Sori￿Se."
The 8ttènd68s ore of retirement 8ge or cAder arKI commut• to the club using a k)Gal cornmunty funded
mini bus. tree of ¢h8rge. The scdalisation for the thbs atteTrJees is so IMp￿tsnt, rt i8 a Ilfeling for
them. An expected 40 peo￿¢ attend e￿h week, wSth file￿IshIpS formed arnl stories shared, the
aknosphere is ineompar8tlo. We spoke to of the service users. Maws. At Ihe age of 96. she Is a
hKJhly valued membgr of tho luncheon club. She ex￿al￿d how l¢Jnely She felt before finding out at(Jul
Ihe club and how hlghty she valL*S her frieThJshps withwi the chJb. The food ￿ atrNays exolknt #nd
Iha company Is well mÈtched.
'Ifs lust as lrnportsnt, the fotrj and ts soc481ization: they rnly each otherf.
Partneyshlps & Collabor•tlon
Our p8rtnerships have hdped us make an even bigger impact o¢ross Wales. We have conllnued to
work wth Fareshare morSe￿de lo delTver Fareshare in North Vlales, incmsing the numter of
Charlles that are supported there. We also continued our partnerthp ¥wth University of W81es Trinity
Sl. David Carmwthen Campus and set-up a parlnership Uandli-ba5ed organisabon Foothdd
Cymntr. lo conlinue to buihd on cu Wesl Wales expo￿On. These parlnerships anablad lo￿￿ to bo
d•liv8red to Charthes kn Camarthen. L￿ne111. and C8rdigan.

Food Redistribution Wales Limited
Company Limited by Guarantee
Truslees. Annual Roport (Incorporating the Directoes Report) (COnlknu*fj
Year ended 31 March 2024
We worked wlth C8rdrff University sbJdents to research and thte a rq)ort on inLY8asing brand
awareness aTrS to pr￿JuC8 a film atKJut Fareshare Cymfu.
Wè worf(ed C8rdrfl UrM¥ersty Business Sel￿1 to create a CommuiNty Focrfj Prw$ion map of
South East and South Central Wales vthich detsiL8 our chanty memters. Trussell Trust F(￿j Banks.
ar￿ olhér food projects wNch arenl Fareshare Cymru members to skni wher8 there are gaps in
ovision. This went INe in February 2024 will feed Into our plan around ensuring surplus focQ has
the m0￿MUM social impact.
The Wlld Water Gmup knndly ccmtinued to pwde 24 pallet sws tr86 of charge. which we COLld use
to store our frozen food I￿Ju¢r$. This enabled us to atxept moro fr028n food which mwt we coukl
Incr88se the quanlty and variety of frozen focrfl we Provided to our charity members.
We ore acty've memters of groups induding W8183 Antl-Pov8ty Co81￿￿. Cross-P8ty Group on
Povety. Clim8te Cymru. Food Cardtff. Caftliff Ft*)d Povety Worktrffj Group. Cardiff Community Food
Colk8cllve, Foc4J Vale Nelwork. FD)d Vale Steerin9 Grow. Vale Food Poverty Working Group. Uants￿l
Major Food Access Fknlect, RCT Food Sleering Group. T￿oen Sustsin8blè Fcttl Plo¢e$ St8erlng
Group, Merthyr Food Prospwty Nefy¥ork. Swarffjea Food P0￿rty Nelwork, Bwyd Abertgwe St6èdng
Group, Carmarthenshlre Food Net*Drf(. end Cawphilly Food NelwDrt(.
We also participate in Food ￿Ink W•los Sustainability Cluster oTrJ in 2023-24 we 5pre8d the ¥wrd
akxiul vthat we do 8t Hortlculture Cluster. As wdl as this V•* 8ttended the Roy81 Wèlsh Show, Ta8te
W818s, Castell Howell Trade Show, and Harlèeh Fc& S￿¢8$ Shtrw.
Al FareSh8re Cymru hosted an the F8r8Shar8 UK Nglmtyk Volunteer awards and A loknt
Christrnas event for volunteers and staff. We hdd an ¢)nllne sasslon for Walos Clim81e Wegk and
hosted an Inyr¥on workshop 8t our wpnhou88.
Local Food Sourclng
In 2023.24, we Successf￿ partnered Some #mozino food supph'eT8 in addition io
maintsining our existing partners. all provkllng a variety of sU￿lUS fc•)d to wr CFMS. Th6 nèed for
more surplus fcthl and obtsning w food partners ha5 bthn as our services arg incxeaslngw In
demand. Wrth our current a￿4 new p8rtnorships. Ihis has 8lkn%*d u8 to conbnue to lum an
envlrc*)m8ntd198u8 Into a 8ohth.
In the past y88r, we have been pleased lo work new fcod partners induding Just Love Company.
eroces Bakery and Prinees Gale. In 8ddllion to lttal relath)nshlps. more engagement wth local I
tional parthers including 2 Sistsrs Food Group. Fins￿ Food Group, aTrJ Bwkers enabled us to
access more surplus foLwJ.
As it Is drfficjjll lo access k)Tr3 ITfe 8mknenl surplus 81 time5. Ihe need for Pwmanent Colleclion Points
(PCP) is essential. We have recently p8thered ICC Wales wthere all non-perishable items
naled from staff arKI visitors are r&JistritMJled lo our CFMS.
Su￿lUs wlth Purpose Cymru
Fareshore Cymru wcyjkl like to Sir￿erety Ihank and extend our gr8tlttKJe to the Welsh Govemmenl for
funding the Surpluswth Purpose C￿nIU scheme. which has alk)W￿ Welsh food businesses to donate
Ihelr surplu8 lo us wilhoul incurring addithy￿1 costs. A total of £32.700 of furKling was us•J for We15h
food partners uThJer the scheme lo cover thelr packaging. addtbcThil lakour. labelling, and
tran5POrtation c&)sts.
dejition to covering opernlp)r￿l costs, the Surplus *ryth PLwpose c￿1￿ furyl was utih5e¢l lo promot8

Food Redistributlon Wales Limlted
Company Limitod by Guarantee
Tru$tws' Annual Report (Incorporatlng the Dlrectorfs Report) {c4¥thwts)
Y•ar onded 31 March 2024
ond 8dvertis8 the scheme thrcwh varb￿S channels. Thi5 printing leafiets and fyers in Wglsh
and English for distribution 8t events that were attended In 2023-24 including the Royal Welsh Show.
Taste Wales. 4TheRegion Green Economy Conferencè. HarWI Trade Show. and Castell Howell
Trade Show. The scheme vras also a(fverllsed in magazin8s as Faming Wales. T8Ste B18S,
North Wales M8g8ane 8nd through wul#r s￿¥81 media campalgns. including Linkedln.
Fre8 8dv•rtising fund was also athieved last ye8r ty bèing fegtur&Y n ZER02FIVE's monthty
newsletter. as well as in the Suslainability. Hortlcullure. and North Wal68 FI)(￿ and Drink ¢lustsr
n8wsf¢tteT¥. reachng 811 Welsh fo(xl IJuginoss8s across Wales.
A heartlelt tha￿{ you lo Four Cymru for théir continued SUFPOrt of Fare5hare Cymru. They fxealed
fjh￿ ￿de0 asset lo promote the Surplus *ilh pU￿oSe Fwd across the F￿d and Drink Wales sod81
madia channels and have helped us gain coverage on BBC Wale$ news. C￿8. and Radlo Cymru. In
addiiion, IW supported in advwtislng ts fuThJ 8rKI hyhlighling the n88d for more food lo meet
demand through regiond onlina press rel&gses. Induding SoLrth Wales Argus, 8u5ine5s News W8les.
Wales Farmer. BuslMs8 Llv•, South W8les Gu*tsi. arKI Herald Wd86
C<>mmunlty Food Al•mlJ•rs
At the start of 2023124 ￿ made the drfflcult doclslon to IMplem￿t food reductlons to all of our thaTIty
members on 8and 3 - Band fo meM￿￿hIp8. This was du8 to a sharp decreaso in ambient lood al
the and of the premous ye8r and F)roiections from Fareshare UK that tyPOS V*fjuld bg Ghanging
vAth an inGreose in bulk s128 afKI unl8belled items, which coukl onty be used by chartN8s running
cc<A(iry ralher than ponty￿￿e and fo(Mfj p￿1 P￿tyeCts.
We Introduced a ￿terIn9-OnlY ffmiborghfy) In Stytember 2023. also dBtit)Lrted £11.Crf)O of
fundlng from the Rothschlld Founda15on lo four Lrf ow chanty m8ml)¢rs wrth the alm of supporting them
to set-up or re-stsrt o c￿kIng proje¢t.
ng 2023-2024, we sipp(Yied 201 organlsalons atto$s Cardiff, &idg8ThJ. M8rthyr Tydfil.
Caorphilly, Rhondda Cynon Taf, ￿Se￿aU G%**nt. Tcthn. Vale of G￿mOr￿ft, Swansea, Nealh Port
Talbol. Mor#nouthshTr, and Carnwthenshire.
In North Wale$. our partners at F8reSh8re Merseysidti suppjrtéd 67 organisatlon8 in Angb¥ey,
Conwy, Denb*3hshwe, Fllntshire. G￿nedd. arKi Wrexham.
Wè proudly cdlaborats wtth a dlvem rarue of OTganl88llons that u¥9 food lo support thelr
cornmunilies In various ways. E￿h of thesé ￿￿nder￿1 org8nisation5 provld8s more th8n just food,.
Ihey offer vital 8UPWt ond servkes taiknred to the spedfK neèds ol thdr c(￿munItIeS. We are
Immense￿ proud lo partner vAth each one of tsm.
Our membws Include homeless hoslds and resmlentlal houses. lUrK*￿n and cooklng
progrommes. commuThty pantries and h(￿sIng associations. fcod co-ops. community ￿les, and
support sgrykes run by thurches. ffwes.8c4KxJls. a￿1 ￿)MmUnty cantrèB. among othws.
Our membeT5 indude:
. Cwmlelin Prirmry School . Trem8in9 PrMr*y &hool B88 . Tho Bridge Ment￿1￿j Plu8 Schem .
c￿rtI￿a P8th Primary Sch¢xJl . TPth)hill 4 U Tw . YW Hen Felin . Banc B￿d CwTnaman Food
Bank . Whrterose InfomwtK>n & Resource Cerrtre . Gellhyeg FoundatK)n Group Merthyr Tydfil
Llannon Community CL￿nCil . Rumney Forum . Vtyesham Christian Felk)wshp Church FOOD Club .
Canoltan y Bonl Fcrf)d Bank . Costar Partnernhip . Colcot Pr￿nary Scho(A . Cetrna . Cornelly and
D￿l￿t Luncheon Club . C4Ue￿nd Communty ASKtIati￿ . FAN Comfflunity Ajliance . Fcothold
Cymnj
. Myrlle House . Oakdale Christkqn Centre . Teen ChaI￿n98 House . SOS
Shehers WALES TLC CAFE RISCA . Threshold DAS Limited . Gtyneoch Corr￿nUnIty RegeneratKJn
Ltd. . Glenwc4Jd Churth . 8eaufort Centre . Thompson Primary . N(xJdfa Bapttst Church .

Food Redlstrlbution Wales Limited
Company Limited by Guarantee
Trust•os' Annual Report (Incorporating the Direthrfs Report) (cOnth￿&)
Y•ar •nd•d 31 March 2024
Blaen-y.Maes Lwn Cenlre . Panteg Ernployees Club . Fabric Foundatiw . Tav8 Centre Cardiff .
Porth¢a%￿ Ccrfnmunty Panty C1￿1￿nfell Weffare Hall . Giwach Gcth C¢ynmunty A$s￿l8t￿)n . Fir
Tree Community Associathjn Swansea Community Fami . Safer Wales . Duffryn Community Link
Duffryn Communty Centre . Arts F&tory . 8ryncethin Community Centre IBaobab} . Brackla
Prmary Schcol . Si. Gwladys. Churth Hall . Merthyr Tydfil Institute for the Blind IMTIBI . Sketty Foc
Bank . Youth Centre Cefn Hengoed . Ilver Church Woks . Fairnvatw Pr¥7wry &hool Famify Action
FOOD Club . Cwmbran Centr8 For Young Pacple ICCYPI ACE Panty . Spkstt Community
Volunleets . L18nrumney Hall Ccrfrmunty Tn￿t . C*rtch Angels Abergavenny ' BethI8￿M Church
Communty Group . Go￿udY Communty Fridge . Pilh3wenlty Millennium Trust Ltd . RCT Heart Heroes
RCCG Vineyard Chapel Al-manar . AJ-Ikhkg8 Centre . Bethel Trust Port Talbot . Gamsychan
Pwtnership . Eastside Focd Bank . TKS and Community Group . Th Pantry
YCB . Canoffan
Maerdy Cafe Tyfu - Bafod . Centre for Afrtan Entrepreneurshp . ￿sSAG IV*Jnen Seeking
Sanciuary A(fvocacy Group) KPC YoLrth & C¢)rMiunty IBthbl . Trin￿1 Primary Schts)l . Matthews
House . Cefn Cribwr Communty Panty . Ogmore va￿ Primary Scho)l . How Chufch Merthyr '
Sharon Full Gospel Church . FL￿￿ Cy¢b - Nffi*p)rt Vlntyard Church Carfiff . Hope St Mellon8
Pantry ICIOI . UK 18L9M￿ MI￿On 11 care Fthid Prc4ect . Community Vc4unlgers Wale8 .
Hangar Communlly Hub CIC . YSO Gynradd Uandeib Primary Schcol . Treorchy Primary S¢hool
8BB C¥v1nff￿Io8r Primary Scho)l BBB . Fo¢vJshare Llgnlwrt (Gbmorgan Voluntary Service$l .
Sithowy Valley Hub CIC (Catering) . Barc Communty Outreach CenlTe . T8￿mac￿ Baplot ChurGh .
Cenlral Primary School 88B . Cefn Fforest Primary SclKd BBB . St Jthns Day SèNU . VKtory
Gr¢xery St(xe . RalnlxyN Cafe FOOD Club .M8inde6 Primary Schocl . Fellnfool F•nlty Centre
L6ke many across Ihe UK, our m￿t*S wo *nifK*nty Irnp8Cted by ojrrgnt cost of Ilving crlsls,
1&8ding lo the longest w￿tsn9 list ￿ have evar 8XFori8nced. Thls is refiected througfv)ul w nats¥0￿.
82% of our members s88ing new IndwKluals o¢c0$9rffJ support for thè flTsI lime.
The Var￿ of food 8voilable to us has c*8rwd dramallcalty over Ihg Pgyt 12 months, affeclKvJ our
a￿lIty lo support certaln rnembe￿ ond groups. This shift is evident in our curront efforts and pL9ns for
lh8 coming yoar. Its an •xelOng change, that Mmes wilh rts own ¢h811ong8s.
Desple food hwurlty In Wales. on impressive 72% of our members fep)rtwJ that Fareshare
Cymru's food enat4ed them to suppyt a greater number of people.
Fareshare Cymru he* membgrs P￿de m¢)re than just fc¥)d', an 88toundlng of our
memb8r$ assist th058 who receive our food in B￿sSIr￿j addttional supwt and s8Jvic8$ for othèr
Issue8.
We ere very thankful for evgNhing rornive from you 8s rf h￿pS sc mgny people. We we happy to
ovth support that 19ssgns the strain ￿ fO￿l￿S and indMdu8ts. Our customers wouldny have
access to fresh fruit, vylgbles, and m8at wc*luct3 as it's ￿mplY 8xpenth for us to purchase as
Volunlgvln9
In 2&24. 133 people voluntetred Twith us. gfvh3 ovw 13.9 thwsarKI htyjrs of their ttme. Most were
regulody vdunteering in thè depot, induding delivery drivers. delivery assistants and warehoijse
assistants. Sevwal more volunleets supported us translatKffi. mathetirrfj resewth along
our mwketing entl communications ￿acernent studenL
A twe sh¢yJt out. as ahvays, is due to our ¥VlUntee￿ for their amaang In limes of 1￿ctualIng
fwd levels. They are massively supp(wbve and flexibfe. quite 1Fteral￿ wing that extra mile to get
good fc¥)d out lo Ilv)se in r*ed. We were runners up in the Cardrrt Vobjnteer Awards 2023 for
volunteer group of the ye8r and the Volunteerlng Lead was deljghted lo accept the Faroshare
V0￿Jnteer Manager of the year awwd (M) b8h0￿ of ts work of the volunteW5.

Food Redistrlbution Wales Limited
Company Llmlt•d by Guarantee
Trustses. Annual Report (Incorporatlng the Directorfs Reportl (ethrfknu•
Year •nded 31 March 2024
We galned Investing in Volunteers acereditation for the first time. a major piece of work wtwch will help
shap& the fubjre of Y￿un￿￿rkn9 8t Fareshwe CyTnru, thls (>￿Id nol have been 98ir*d wlthout the
SUFPOrt and inwt from our vc4unl8er team.
We have d¢wblgd OLf corporate vdunteerfng rKovisi¢)n. offeriw le￿ days on days 8 ￿￿ek with
some great uptske. We 31 corporate volunteer doys y￿th 133 empkryyees having a volunteerin9
experience with us. Each of these corporate volunteers becomes an advocole for our work and our
story across Wales and beyt%YJ. IVS been a challen9ing year, bul very re¥Yardlng, we have taken on
new premlsés and new prqects, i)ur volunteers haN* been w proacty￿ ¥1 MWNJ fopward wlh us.
they are 8m8zing.
F(mdral$lng
Slnce January 2024 have been wothing ¢)n a furKlrakswvJ strategy wlh the aim of developlng
variety of Incomè Opti¢y￿.
TruStslFouTrJatSo￿Grants - Funding applICa￿nS hav6 be￿ submitted to a number of Trusts 8nd
Foundatlon orgonis8lions applykng for eiiher Support or more tem multi-year financial
Investrnenl 10 5UPPOrt Fareshare Cymru 85 V￿ davelop our second warehouse. Thbs work18 on9olng
8s lunding albc8b.on rounds we 5tagg8rad Ihroughoul th8 year.
Corpor8te5 . W8 are develwng 8 strategy to apkyoad) muhijlg Comp￿185 In¥l￿￿j tt*m to support
r worf( fo¢using factors..
1) Thg impact they ￿11 have local communty.
2) The posllive impact they wll have on thè enVW￿rn8nl by hlghlKJhUng ￿ em18S￿ saving.
31 How it will help them de¥￿(￿ their CSPJESG ca)mmlthient 88 Ihis will imp8Ct mary companles In
the comlng years.
IndiV7du￿ ￿vIng - Setting w a volunteer led byoup to thlop lundr8lsin9 enciyjraglng bolh
Incorne generation and volunteer recnth8nl
Imp•ct and V￿u•
We conldbutsd lo the rdief of povèty. the athancemènt of publ￿ aducation arKI kn the conservat1￿.
prolectlon and impn)vemenl olthe physic￿ and natural ènvironment by...
Re(*8trlbutlng 858 tonn￿ of food of blthlch 824.9 was surplu$
Prov*Ylng 1.9 million mea15 to vulngrable peO￿e
Supwbng 268 charltles and community cwgani58￿ns
S8ving 2186.5 lorTh$ of C02 emi5sNJn5
133 vO￿nteerS gave 13,973 hours of Iheir tlme

Food Redlstrlbution Wales Llmited
Company Limited by Guarantee
Trust•es' Annual Report (Incorporating the Dlrectofs Report) f¢othuod)
Y•ar •nd•d 31 Ma￿h 2024
Flnanclal rnvlew
Revlaw off the financlalpoth •t th• fjrtl of tho a¢coundngpwlod
Total InccTh during the year Yas £1.293.66212023: £1.242,135).
Totsl exp8NJilure amounted to £924,084 12023.. £818.8311. dep￿lat￿l￿ char985 of &84,958 is
Indudgd within Ihk8 figurn.
Overall the charity made a surplu8 of£369.578 ￿nSIStIng ofan unro8tr1¢￿ $￿pIuS of £299,401 and
restricted 5urplu5 of £70.177.
R•serves PDlky
The Bo8rd has a target kM)Iky ol rntsining at bast six to ￿1ve nw)nths of ordinary ongoing
expenditure. Six lo hvefve monlhs of njnning costs enable tho chwlty lo function. and st8ff lo
draw salarfes, for a period comménsural6 tt*ir notbce period and wwld alkwi the charfty to
ensurn al donal1c￿5 dwritsble fvnds have been delivered to Ihg reG*lent Projects.
At the yew end unrostricw r8sorv•8 were £2,CQ1.068 12023.. £1.781,667). of wh￿h de$ign•t•d
re8erve8 arrrt)unled to £1,120,83612023.' £814.5751 re8uth.ng in general funds Of £960.23212023.'
£967,092) Reslrpxed reseryes affounteil to £312.23412023.' £242,057). The level of free r￿0￿e3
avallablè was £960.23212023.' £W.092).
Rls* m•n•g•mwt
Fareshare h8s a risk m#ftagemenl strategy that centres on mairrtainlNJ 8 ￿sk reglster. The inili81
identification and osse5smenl of risks Is done by the Management and th8 Bowd of Trustees. The
tnjstees revlew the rtsk wlsler crfi 8 regU￿r trA&'s: they C4)ns￿￿ fv)w Ihe rfsks Intwact and wthore lo
prioritise mitigating act0￿$.
Th8 maln c8189odes of rfsk can be Bwent6d into Iho fC1h)￿rwJ m8ln areas..
Food $8fety- Food redstrlbutlon 13 Ihe essence of we do. Food safety, Its tr8C88bllty 8nd ov8rall
handling 8r8 01 Ihe eore of both our mlssion and our repulalion. Mitigation.. Our polide$ and
prcudures enable us to mèintsin Ihe higlwsl standards as any Lqpses would uttlmatety ¢x>rnpromise
our pos1t1(￿ of tsust arKI expert authority wilhin the focrfJ induslry.
Loss of key steff - FareShar• Cymw hgs 8 sm811 stsff18am and the loss of arry key YMlivKJual vKuld bg
6lgnific8nl.
Mltiggtlon: We en$we that all Staff vAe al￿e to rAJVgr 8 vwiety of tssks. PutiirrfJ a SLKcessK>n plan in
place.
Setyjring surplus fr￿1 - We rety primtrily on F8reShare UK for our suppty of food. Th08e supplies of
food are potenllally vulnerabb to commercbal comp8ttllon as ￿11 os 8ltem8tive uses such as
eroblc dlgestion and animal Iwl. mitigati(￿.. We have retxuited 8 Food Sourcing Cov0rdina￿ 8nd
wortE dosety wth Fareshare UK to Teduco baThle￿ to 8cW'r•3 food.
Income generation - A larye prowton of our inrnmg is from grants. muth of ¥thlch is 5hort-tem. The
trustees regujarfy rev7ew forecasts lo ensure we arg alle to adjust our 8xp8n(*ture to deal with
changes in projected reverK*. MilKdalion: We aim lo Increase our Fwrtic*b of ewned incDme over
lkne as can be seen with the irK¥ease in membership fe8s. This Is also addressed by our tar98t
reserves policy of aimir¥J to cover six lo tsvdve mcffllhs of ordinary ongcing expenditure.
0para￿OnS . F¥eShare CyThru cyerates a Ixw warehouse *ith pot8ntlalty hazardous equipment
such as forklrft tswc*s aNI vralkth ffidges ar¥J a freezw. We have bolh ¢)ffic&based employees as well
10

Food Redlstrlbution Wales Limited
Company Llmited by Guarantee
Truslees. Annual Report {Incorporatlng the Directorfs Report) i￿￿￿•0)
Year ended 31 March 2024
as exlemal vo￿nteerS ccmning to at wr siles. MthgatK)n.. We mantsin an up-l048te health and
safety manual and ansure cxMsisl¢nt ￿mmun￿tion IhrLxJgh tralnlry ¥KI NxkKtion progrwnmes.
addition to Ihis, wo have carried ￿t di$￿aY screén eq￿pment audits for 811 employee8 and
coTrJuct8d a risk as5essrnenl for k>n8 Y￿eT5 in the depot. y￿rkI￿J from ￿me and travelling on
wo￿$ business. Ex1￿1ng risk asses%nents hove been rewth￿d and updated. A fire risk assessment
has been carried out with qth)te6 beiry sought for remedi￿ acknn.
PJ•n• for fthur• p•Aod•
Next year our alm to conlnue to supix)rt ￿JaniSat￿lns that support those in nead. whll$l
proMding an 8th￿ally, environmentalPy. and éconwbKalty sourn1501utKsn lo the food Industy.
Ow opgr8tknal oblthes for 2024r25 are to:
Div¢rt 1090 t￿n85 ol surplus food 1hroU￿￿t Wales
Promde food lo 260 Community F¢xé Members throughout Wares
Contribut6 towards estimated savings d £1.386.CQO by tt19 Thlrd Se
Conlrftrth lowards 1.187,010 meal$
In response lo increaslng demond and our rwd to be abte to handl8 8 wwjor variety of food In our ngw
warnhousé w• %4111'.
Set-up Fareshare Plus be an addryon fty CFMS to xc888 ro).foc4J items and
addilKJn81 fcod Ilne with momLvship fea pri(xng.
Set￿P a clean room ond labelling m¥hTh to break bulk items and re-Lgbel unlabelled
stock.
We ￿11 a180 set up an employailllty prw8mm•, finl8h th8 Rodistribulion Kitchen Walès trial and IrAk
at the conth'nuation of Ihis. expark1 wr wmmunlty food mspping. tegln wort( updatiw our soc481
and enmrortmgntal Impact.
11

Food Redistribution Wales Llmlted
Company Limited by Guaranteo
Trustees, Annual Report (Incorporating the Diroctorfs Report)
Year ended 31 March 2024
SlructUrn• governonc• mwn•g•nV4DI
Govemlng document and Consfflutton
F8reSh8re CYMN Is the trading n8me of Focrfj RedIstri￿l0n Wales Ltd. 11 L8 a tharitable company
limited by guarantee Ino. 071983671 and registered ¥Mth the CharTty Commission as a charity in
England and Wales {no.11417811. Faréshare Cymru was ir￿rpOrated in 2010 and is govemed by its
MemorarKlum ar¥J Arth of As¥oa8tson 8dr•ted on 22rKI March 2010. We began opw8tic￿s in July
2011.
Obi8¢ts
Fa￿share CymnJ'8 charity's objects I"Objects') are speaficaNy restricted lo th8 followng.. a. th8 rellel
of poverty and the presery8tion 8ThJ prcrfnotion of good nutritson, he81th and social improvement
among P6f*FAe who are suffering from s￿la1. econom￿ cw emotional distross Sn such vrdys as the
D￿eCtOrS may in thew absolutè dbscretknn think ffil but particujarty through:
the OSI￿tion and redislribub.on of suWus foc4J; and
11. the encour8gemenl of members of the public lo undertake vduntsry %wrk.,
b. the advancement of put41¢ ed￿￿tiOn In partioJL9r bul not exchJ5Nety by providlng
Ireinlng In th8 volunlary sed
c. the fttrther8r￿o. for thg bèn8fft of the publ￿, of Ihe conserVa￿n. protection 8nd
Improvement of and natural ￿￿ronment thrwh the redu¢tion of waste (ln
part￿￿lar food waste) arKI its aoNrferse enwronmontal Mnpxts.
RKrnltm8nl and •ppolntm•nt ol tws¢••s
The Trust￿$. %tho arè also direct¢)rs and members of the Qharitsble ¢ompany. are Ilsted on pBge 8.
Eath ye8r, onethird of the tr￿leeS retire from offKe tArt may stand for r94actm￿ acccrfdlng to the
procedurns Sel out kn the Memor8ndum Artic￿5 of Ass(￿allOn al the next Annual Goner81
Meeting. Trustees arg recruSled with a rory0 ol skills and expenence that Is needed best to ensure
sound govemance 8ThJ strong progr8ss towards Ihe tharity's missK)n 0￿j aims. N8wty apw)inled
I￿sle8S receive an an inductK)n that includ8$ making them aware of their legal responsibili088 83 well
8$ FarÈSh8re Cymru's pol*es, decision mokirvJ process68. slralegk F4an and r￿ent financial
performar￿*.
AM Irusle•s gNe th8lr ￿me voluntarfty ar￿ receNe no benefits from Iho chwty. Any expenses
recLqSmed tho th•rity ars sèt out In nots 10 to the ao))unts.
Ory•nls•elon
The Tnjstees tO￿ther constitute Ihe Bosrd Ihat bs Far•Share Cymru's gO￿Trng toty. Th8 Trustees
approve the strategic ￿an and 8nnual budgets ol the chanty as well as oversee poliw. They a180
provide Ovèrsi￿11 on mattets of finarKe arKI audit. iisk and long-term Sustain8￿lIty.
The st8ff team, 18d by the CEO. is responsbki for ￿M￿enting thg strattyy and progressing
towards agreed key aims and obi8ctThYs.
Staff p•ypolky
Our approach lo staff pay is designed lo ensure that we can attract and retsin r￿Ultir￿j high-callbre
Peop￿ to represent its inte￿Sts. We afso bdieve in rewardir*J stsff falrly for1he lobs tho1 th¢y do and
fostering 8 po$￿Ve worting ￿¥ll0nMent. gnd we befieve s81ari8s and our terms and conditions
ect Ihi5.
P￿pIe are emFAoyed al Fareshare Cymru on the bags of the specific skims that they t￿ng lo their
parbcular role. For Fareshare CyTrru lo nJn su¢xessfulty. a rarvJe of skills and disciplines are required.
and ￿ ne&J to P8y appropriately to ensure that V+* can wrult people Ihe right skn11s.
12

Food Redistributlon Wales Llmtted
Company Llmlted by Guarantso
Trustees, Annual Reporl Ilncorporating the Directrfs Report) (¢fyrytbw•S
Year ended 31 March 2024
We also n￿￿ lo retain thtm in a o)M￿tI￿ve market vth8rè their s￿11$ are readily transferable lo other
cYganisalK)ns both in vi4untary sedDr 8nd in other seacys. Far8Shar8 Cymru firmty beI￿Ve8 in
trylng to retsin stsff for the I￿4•MI. developNu th8m and benefftkng from tt￿1r growkng knrvM&Jqe.
The lowest of pay i% thays al least Ihe lfving wage sat by the knvlng WwJe Fwndatlon ond tskes
into ￿cOUnt the rato ol InftatK)n arKI 0ryani8a1￿n affordablllty. Annu* ￿CreaSe$ are subject to
approval by the Bowd ofTrust8aS.
Faresh•re UK
Fartrshare Cymw Is pèrt of the Fa￿share UK netth. Thi5 means that have adopted thè
F8reShare UK food safety manu81 aThJ ils HACCP poly Fyocedures. We use the F8reSh8re UK
Gladys Online Management Sy3tem to m(￿rd and OLi1g￿￿j food as as the* online
system for Volunt8er M8naoement arKJ Crynmunty Focd Membtr Management In addition wo ag
to fdlow Ihelr brnnding ￿￿lin¢s.
Fundralslng 4ppm•¢h
Thls year our Income cam• frtyn membgrship l•os, govomrnent, trt* and frAJrd8tk)ng. ¢c*porale
parthérs and Indlvlduals. We are gratèftd to every SUFP￿r and for every gfft ￿ receive. All wr
fvwKlrai&ng 18 manag¢d by slaff vduntow& Th8 afNNJnt ol money Ihht w8 rgLqe Ircrfn iThJNklual$ is
smal118ss Ihan l%1.
We do rY)t onwoy ony prof8￿￿￿1 fundrèisirwJ cwganl￿kns f￿aN0d no o)mplaint8 about our
ndrak￿n9 PTacllLX or 4ctMUe8 In 202>24.
TruAt•••' r••pon•lbllltkn ¥t*t•m•nt
The tru3t885. whc& are also dkertors for Ihe pu￿oS￿ ol cffiiwy law. we responslble ts prepadng
thg Iwstee8' reF*Jrt arKI th& fm8ncial ststsm8nts kn 8ccl￿dance wrth appluble L4w Unit8d
Kingdom Accounting Si8ThJ¥d6 Iunited Kirodom Gan8raUy Attwgd A￿￿ntIng Pra¢fje*l.
Company law rnquire8 the d￿rrty truslees to proparn flnanc4al 8tal•m8nts for each year which giv8 a
Iw8 and tsir view of th¢ 81810 of affairs ol tharilable cLwnpany aThJ Iho ir￿ming r980urcg8 8nd
pplution ol resour￿$, indudin9 the Irthme expeThJllur¥, fLY thot period.
In pwp8ring these fm4nri81 Stslements. t￿ truste96 are requwed lo..
sd¢cl 5uitat4• act￿nI0)g P￿la&S and thgn apply them (￿lSten￿..
0ts8rve thg m¢thodB and prfndples In the ap*ab￿ Chariti•s SORP:
mak9lu(SJm•nts and accwnting 0stirT*$ that ar• rw80t￿b19 and prud￿1..
$talo whether appli¢oL4e UK AC￿UntiryJ Stsndards have been folltrwed, Suty￿t lo any malerial
departurgs disd(wJ and explaIr￿￿ In the stat￿nts: .
prepare the financial Statem￿¢8 gory baw"$ unl￿¥ rt ig irwpriata to presume
that the ¢h8rity ￿11 rthbnu8 in bu￿￿$.
13

Food Redlstrlbution Wales Limited
Company Llmlled by Guarantee
Trustees. Annual Report Ilncorporating the Directors Roport) ((
Year 8nded 31 March 2024
The trusteeB arB r6spwsOtAe keeplng adequate acC￿j￿n9 r￿rdS ihat arg sufficl•nt lo sh¢w and
explain the ch8rilrfs transacbons and disclose wilh reasonatlg accur&y 8t any time the financ4al
positknn of the ch8TJty and enatde I￿rn to ensure thai the flnandal statements comply vAth the
Compant6s Act 2(Th. They are ￿s0 respx5ilAe for saleguardlng the ass8ts of the charrty and honce
for tsking reasonable St￿ for th& WeVent￿ and detect*￿ of fraud and olhgr irngdaril
Audlt
Each of lh8 p•rsons ￿ i8 a I￿Sta0 at t￿ dale of appr(N81 of tr1$ confirms thBt
80 fai as thay ¥e t￿￿, Ihwt $ no relevant infcrnlkin of Ihe thaws auditor18
ungwaie., and
they hav8 takgn st9P5 that they ought ￿ havo thkèn as a trustao to ￿kO thern88fv6s aware of
gny relevanl audlt to that the chaws a￿l￿or 1$ 8ware cl that
InformHtiocL
Th8 awlRor18 doomod to havo b••n rwolntad kn accord￿(¥ vAh 487 of the Cornpanie8
Act 2006.
Small ¢omp•ny pr•vl•lon•
This rgFQrt ho$ beon prepared kn 8ccordanc* wilh th8 F*ovisions aF¢*'caNe to e4)mpanl88 entit1￿j to
th• smal companth exernpti￿.
The Iruste88' annual rgwt W8$ 8Fvroved on i s lot/ 2024 8nd ￿n0￿ on behBW ol thts bogrd
tItrLL8tsas by..
Trustee...
14

Food Redistrlbution Wales Limited
Company Limited by Guarantee
Ind•pondent Audltorfs Report to the Members of Food Redlstrlbutlon Wales
Llmfted
Year ended 31 March 2024
Opinlon
We havg audlled the finanaal ststements of Focxl Rethstrlbuth)n Wales Limite(l {Ihe 'ch8rity'1 for the
year end8d 31 March 2024 %thich Gomprise ststement of ffinanc￿l octiw'ties linduding income and
èxpenditure accounll. ststement of financial posib"cm, statement of Gash flows and the related notes.
Incmjding a 3ummary of signrfi￿nI ￿(x)untir0 Fdicie5. The financial reporting framework that has
been aryl￿d In their weparation is applicable law and Unrte(l Kingdom Ac￿￿tir￿j St8ndards.
kncluding FRS 102 The Fin8ndal Rèpwting Stsndord applicable In the UK and R8publlc of Iraland
(Uniled Kingdom Generalty Att8Pted Accwnlwig Pi8ctica).
In our oFlnlon th* fln#Thi81 slatements..
gNe a true and falr v￿W of Ihe $t*e of the affairs as at 31 March 2024 and of Its
hcomha resources and applThtion of resour¢8s. irKludir¥J ils incom8 and exp8ndibJre, for the
y8w I￿n ended..
have teen proth wvpwod In acc<Kdance wlth United lfjngdom Generalty Accapled
have been pr8parad In a¢¢Ordar￿ Ihe rewkements of the Compan￿5 Act 2CI)6.
B•Jl• for oplnlon
We conducted our audt In a¢cryd8nc• *ith Intemat6on81 Standard# on Audil#ig {UKI {ISAs IUKII and
appllcabl8 law. Our respongbilitses under those standards 8re fwther described In the 8udllors'
respon8ibilili8s for the audit of the finar£ial stalements ol our report. We ar6 Indep6ndenl of
the charitoble Company in accordance with the elhic81 requirements that aro relevanl to tNJf 8udit of
the flnancial stat8manls in Ihe UK, indudirvj the FRC'S Ethkal StsThl8rd. and we have fulfilled our
olhgr ethical responsibilitie$ kn a￿(ydance these requirements. We believe that the audlt
evidence havo obtained Is sufficwt 8ryJ approwots to promde a basls for our oplnlon.
Conclu•Son• r•l•tlng to golw Co￿•M
In Audttlng the finarKial 8tatam•nts. cothed that tru81••s' of the going GonG•m
basls of ac￿nI￿9 in the preparnti¢Jn of the financiol statemw)ts is appryiats.
Bosed on tho have perfOrn￿d. VR have not Idenlffied ary molerial uncert8infjes re1811ng to
events or condib"on$ that. indlwdua1￿ or col*tivety, may cast swJnifKanl doubl on the pwenl Cha￿ty$
ability lo conthnue 0$ a ￿Ing concem for a per￿ of at least trwefve months from the financial
temenls are Out￿>￿Sed for issue.
r reSp￿SIt￿li￿85 and the respMslblllUès of trustees re¥*¢t to gciThJ corKem are de¥crfbod
in the relevant sections of this TèF<rt.
15

Food R•distributlon Wales Limited
Company Limited by Guarantee
Independent Auditorfs Report to the Members of Food Redistrlbutlon Wales
Llmlted
Year erKled 31 March 2024
Oth•r Snfomi•tk4n
Th8 olhar inlorniation comFffises Ihe infomialion irtluded in the ReFOrt of the Trustees, other than the
finan¢io1 statemenls arbd our Rewt of the Indeperthnl AWJit0￿ tr￿r¢On. The trustees are responsible
for the other infrymation containèd kn tho Rew1 of the Trustees. OJr opinion on the financial
ststem8nls does ￿1 cover the other infc¥mation and, except to the extent othernise explicNly slatod in
our rem, we th not express any lorm of assurancé condu&on there￿.
Our re5ponsibiknty is to re8d the other infom)alK)n and. In dolng so. wisider thè other
Informaty'on bs rnaierially inconslstenl with the finanaal slatemants or knowledge obtainèd In the
audit or oth8nYlse 8ppear5 to be m8twially misslated. 11 idenlify such malerlal inconsistencies or
apparent material misstatéments. are required to delemiin8 ￿ether there Is 8 materi81
misstalemenl in the finanual statements thamselves. Ir, based on the *rirk ￿ have perfoffted. we
CO￿Ude that there Is a maten'81 missl8temwl of thi$ ouw informallon. V•* ara requirwj to rèport that
fact.
We have nolhlng to report In Ihls rngard.
Oplnlon• on othw matt•rs pr•scrlb•d by th• Compan1•• Act 2006
In our opnion, based on the w)rk undertaken in the course ol tha audit..
Ihe inl¢ym8tlon gfven In the Iruslees, report for the financial ygar for v**lch Ihe financi81
ststemenls are Pfepared Is ¢(￿$1$19n1 ￿￿th thg finarval stst8ments.' 8nd
Ihe trustees. rnFQrt has b88n rnpared In ac£a)nlance *ith applic8ble b8gal re(wlrements.
M•tt•r• on Vthlch w• •v• r•qulrnd to r•port by •xG•ptlon
In the light of the knovAedge and urthrstandlng of the chwtty and it5 enV￿mment obtslned In th
course of the 8udS1. we have nol Klentified material misstatements In the Irustees, rep(xl.
We have nothing lo report in respect d Ihe fotlcNAng matter8 In relallon to 4thich thè Companles Acl
2006 requlres us lo rewt to ytw rf. in our opinion:
adequalg accounbng regxd5 have Mt been kepL or relums •Jequate ft>r our audil h8vo not
been recewed from bre￿heS r￿1 ¥isri8d by us: LY
fin#ndal statements arn nol in agreement wlth the wxounling r￿rdS and rntums.. or
certain disdosuros d trustees, remunerntion specrfvj by law S￿ not made; or
we have not recelved al the Infomiation 8TrJ exp￿n￿￿On$ wuire for our aLKIIL
the trustees were not entitled lo prepare the financlal ststements in 8CLordan¢e wlh the small
Compan￿ regime orKI take ajvantage of the small comp8nles' exemptions in preparing Ihe
directors, report and from the rgquiremenl to prepare 8 strategic reF*Nt.
16

Food Redlstributlon Wales Limited
Company Livnited by Guarantee
Independent Audltor's Report to the Members of Food Redlstribution Wales
Limfted
Year ended 31 March 2024
Re•ponslbllltI￿ of tru•t••s
As explalned nv)re fulty in the Statement of Tntss. Rgsponsibililies. the trustses Ivtho arè also tha
directors of the charlt8b￿ company for the purposes of compary law) are responsible for the
preparation of the fin8naal Statements and I(￿ boing $8lisfied that they gfve a true and fair wew. ond
for such intemal control as the trustses determin* is necessary to enable the preparation of finonclal
ststements that are free from material misstalement. ￿￿thor due lo fraud cr emr.
In prepadng ts financLg1 $latw)7gnts, the tnjstees are r88pMslblo assessing the charttatlo
company's ability lo continue as a goirwJ cor￿em. disdoslng, 8S appl￿ble, metters TeL9ted to going
cO￿8M and usirwJ the golng concem basis of acLounting unkns the Irustses elthgr intend lo I￿￿tdate
the ch8rit8ble company or to ￿aSe Opera￿on$. or have rK) reali5tr attam8tivo lyjt to do so.
Audltof* rn*pon•lblllllM for th• •wllt of th• flnancl•l •t•l•rn•nl•
C￿1 objectfv8s are lo obtain reasonable asswance 8tKArt vhthér Ihe p8renl charty ftn8nd81
ststemenls 8s a whole are free from m81erial misstolemenl, bth8ther due lo fraud or error. and to issue
Réport of the Independenl Audrtors that indudes our opin￿n. Reasonable asSur8r￿ is a high level
of assur8nce, bul is nol g guarantee that an 8￿Jit conduclad in xc0rda￿O wlh ISAS {UK} wll always
detect a material mtsslalemenl ￿then It 6Xi5ts. Misstatements can arise from fraud or orror and arg
cor￿ldered mal¢rio1 if. Sndlvldualty or in the ggThiale, th6y re8sonabty be expeGted lo inlluence
the economic dwsbns of users tsken on the basls of Ihase fingnoal stalem6nts.
Irregularities, Indudlng fraud. are Instar￿3 of non40M￿￿'8nC8 laws regLlotion8. We identified
and 8sse8sod the risks ol material mlsstalomenl of the finand81 slalements from irregulartllos.
whether due lo fraud or error, and drscussed these boil￿1 our audtt team mambgrs. We Ihen
designed #nd perfomied audit procedures responsive lo those risks. In¢ludlng o￿aInSTr9 audlt
evidenco suffirienl and approrKi#te to a b8sffj our opinion.
We design our prc¢8dure$ $0 as to obtaln suffKOent 8ppropriat8 audrt gvSd•nce that the finanei41
statements 8re not m8l¢rially misstated due to non<omKAiance with taws and regulations or due to
fraud or error.
We are not resp¢N￿￿ lor prewrting Th)n-comp￿anCé 8fKI cannot b• 6xp&¢tod to detect
non-￿mplIanCO wtth 8M law8 8ThJ regulallons - trus resFwslblllty lkn knith management wlth the
over51ght of the Trustees.
Bosed on our understsndlng of ttre charlty and thè chgrity sector, drscussSons %￿lh manag&meni and
Iwsl985 we Identified finanri81 rew)rlrKd stsndards. Charitie5 Act 2011 and Companies Act 2006 as
ha￿￿9 a dlrect effgGt on thg am￿ffits disdosures In the fin8nri91 Ststwl￿nts.
AJ part of the engagement team diScU￿A)n *oul arKI where Ihe chartty's finarKial statThnts
may be malènally misstated the to fr8wJ, i*d not identsfy any 8iea8 wilh an inGre88ed risk of fraud.
Our oudil woceduwE5 indwl8d..
completing a risk-assessm&)t process thjrirnd our plannwwj for this that spgcifically
considefed the risk of fr8ud.,
enquiry of manag6m6nt the Charity's pthes, pro¢￿IeY and related ￿ntrOl& regarding
compllance Mlh la￿ gnd regulatrons and if there are any instances of Mn<omplkqrKe;
examining supportirvJ documents for all material balances. trans￿tiOnS and disdosurgs.,
erqimry of managemen( aboui Ityborts and dalms arnl inspection of relevant corresponderte,.
17

Food Redistribution Wales Limlted
Company Limited by Guarantee
Indep8nd•nt Audltorfs Report to the Mem￿r8 of Food Redlstrlbution Wales
Llmlted (¢vrtiiTr¥¢d)
Year ended 31 March 2024
analytical wocedures to identify any unusual ￿ UwpeCl￿ relationships..
specafic audit lesling on 8nd wiew ol areas Ihal could be subject to managem6nt override of
conlrDls and potenti81 bkqs. most notabty around the key judgments 8nd eslimales. IrK4udlng th8
caryirwJ v81ue of 8ccruals, rKwsions ond re￿ftue recognltlon;
conwdering managém￿1 oveth(le of controls ou1$￿9 of the nc*mal opernlng cydes W￿luding
testing ts Appropriatenèss of loumal entries recorded in the general ladger arKI other
adjustments made in th8 preparation of thè financial statements induding evalu8ting the rational
of Signif￿ Iransxticffis. outside the ncrfmal course of tharitab18 ac11￿.
Beca￿? of the wiherenl 11mlta￿onS of 8n au(tiL thÈfè a rfsk tr*t V•* VAII not dgte¢t all irragularltles,
Including those leading lo 8 material misststeM￿t in the fina￿?91 sla18m8nts OT nOn•L￿MplIance wth
regulolion. This risk increases the more thot compliarKe wryth 8 law or regulation is ramoved from the
events and tran8actknns reflected in ts fmncial Statements. 8$ we ￿11 be kss likdy lo become 8wara
of instances of ￿n￿complisnc8. The iisk Is a180 greater regardiry irreouLqnt*s oc£urfng dut lo fraud
rathÈr than effor. as fraud In4dves intentional con￿￿ént. forgery, colusion, omission or
misrepresenl8lKJn.
As part of an aLKIit in 0ccwlan￿ with ISAS (UK). we exwcise wolesslM81 judgment and m8lnloin
Ofes8h)n818cep￿thffl 1hro￿h￿l the audll Wa also:
Identify ond assess the risks ol materi81 misslat8ment of the financial stslements, vthèth6r due to
fr8ud ￿ effor. design and perfom audit prfxxdures responslv6 to th¢)Se rtsks. aTrY obtain audlt
evidence tho1 IS sLrfhck￿I and appropriate lo pmvkle a bgsis lor our oplnlon. The risk of not
detecting a m81erial missialement rasulllng from fra￿j Is higher th8n fcf Or￿ resultlry frcffl error,
as fraud may involve collusion. forgèry. intenlSonal omission5. misrewesentalions, or the overrido
of Intemal control.
Obl8ln an ￿de￿I￿dir￿j of intemal cwthol rolev8nt to thè audll kn orrler to do8ign audlt
procedures that are arpToprfate in Ihe Cir￿M$t01￿05, but not for thè purpose of expTeS$ing èn
opinion on the eff¢¢tivenes$ of intemal o)ntrol.
Evaluate the approw6ateness of poli(aes u$¢d 8nd Iho reasonabb8ngs5 of •wounllng
estimates ￿ related disclosures m•Je by the tNslB8s.
Condude on the apWowi•te￿¥ of the tru8t8es' use of tho ￿kn9 co￿1 basis ol accounting
and. based on the audll evidence obtoined. a material uncert8inty exists r818ted lo
events or condllknns that may c8St sgrvficanl doubl on charitys to as 8 going
¢oncem. If we conclude that o malerial uncertainty exists, we are requirod to draw attention in
our auditorfs report lo the rekled di8cI)$ures in th8 financial statements or. if $u¢h disclosures
are inad8qu8t8. to modfy our opinion. Our ccrtlusions arg basèd on thè audit evidence obtained
up lo the dalo of our auditorfs Teport. Ho4¥ever, future 8ver)ts or o)ndith)n8 may causo charity
to cease lo continue os a going cone•m.
Evalu8le Ihe overall p￿Sen￿tiOn. structtJTe and ¢￿￿ent of the financkql slalements. Including the
disdosures. and whether th8 finatxial ststem8nts represent the urbjertying transactions and
events Sn a manner that achieves faw wesentstv)n.
We communk8te ￿￿th Ihosg charged vthh gO¥￿ance ￿g8rding. among other matters, the pl8nned
scope and liming of 1he au(kt and s￿nIficant audit finthngs. including 8ny significant defficiencies in
temal control that V•t idenbfy durirvJ cu a￿￿1t.
18

Food Redistributlon Wales Limited
Company Llmit•d by Guarantee
Indep•ndent Auditor's Report to the Members of Food Redlstrlbutlon Wales
Llmited (eom
Year ended 31 March 2024
U¥• of our report
This report is mad6 solety lo the Chari￿$ members. as a bcty. in acwtsrte vAth Chapter 3 of Part
16 of the CompaThe5 Act 2006. Cxjr audit work has been undertaken so that wo might stste to the
charftys members those m8tters ￿ are required to $181e to them in an audltorfs rewt arKI for no
other purpose. To the ful￿St extent pemiitted ty law. we do not 81xept or assumè responsibility lo
yone other than tho charity and the tharity's members as 8 body. for our aimlil wryk. for this report.
orfor the opinlons h8vo fomied.
Far28n8 Ahme(I (Senior Statutory ￿litor>
For and on beheff of
CoTSton
Chartered accoLtntanls & ststulory 8udltor
1st Fioor. Tudor Hcuse
16 Caihgdr81 Road
Cardlff
CFI 1 9LJ
Dated.. &ooI l &c)a 4
19

Food Redistribution Wales Limited
Company Llmlted by Guarantee
sL￿ement of Financial Actlvftles
(Includlng income and expenditure account)
Year ended 31 March 2024
2024
2023
funds
funds Totsl fiHwJ# Totsl funds
Inc￿ne and •ndly￿nts
Donations end legades
Charitable activitl8S
Investment income
491,273
608.072
166.663
1,099,345
166,663
27,654
1,241,534
27.654
Total In￿ffl•
518,927
774.735
1,293,662
1.242.135
Exp•ndltur•
Expendrture on thwitabk• acbwlles
Other expendllure
Totsl •xp•ndI￿l•
216.936
704,$58 921.494
818,831
219.526
704,558
924.084
818,831
N•t Incom• •nd n•t mov•m•nl In fund•
299.401
70.177
369,578
423,304
R•Gonclllatlon of funds
Totsl funds brought forward
Total fund• c•rrl•d fonvard
1.781.667
242.057
2,023.724
2.393.302
1.6tsJ,420
2.023.724
2,081,068
312.234
The ststement of finondal aclmties w￿lUd0$ all galng arKI losses recogni38d in tha year.
I Income ar￿ expernltiure derive frryn Continuing ath"vlbes.
Th• nat•• on p•g•• 23 to 36 forni p•rtofth•8• fin*rn¢l￿ •t*tsm•nl

Food Redistrlbution Wales Limited
Company Limlted by Guarantse
StateThnt of Financlal Position
31 March 2024
2024
23
Not•
Flxed awts
Tangltrde lixod asBets
17
348.410
262.231
Curr•nt a8S•t8
Debtors
Cash 01 bank and in hand
322.114
1.835,778
253,757
1.568,771
2.157,892
1,842.528
Credltorn: amounts f•lllng du• wtthln orn ye•r
Pl•t currnnt assots
I11,￿)
81.035
2.Ck16,892
1,781.493
Totsl M••t• l•$• ¢uTh•nt114blllU••
N•t ••g•tJ
2.393.302
2.023.724
2.393.302
2,023,724
Fund• of th• chwlty
Restrtcted funds
Unreslrlct8d funds..
Ggnoral unrgslr￿t@d fvThJ8
D8sYJn81ed fuTrJ8
311234
242.057
.232
1.120.836
967,092
814.575
2.081.068
1.781,667
Totsl charlty fund•
21 2,393.302
2,023.724
Th080 financlal 8latsments have béèn IYepw•J in acA>yrkn ￿th th• provlslons appluble to
ompanth $ubp¢t to the small compani88' r89in
c181 ststements approved by the t*)8rd of trust•&8 •uthorwJ for issue on
are signed on behaN of the t￿rd by..
Trust••
Company R¢gl•tr•tlon Mumb•r. 07198367
Th• not•s <*n p•g•• 23 tts $6fonn p•rtof thb••fM￿6l4 •tst¢m•r*&
21

Food Redistribution Wales Llmlted
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2024
2024
2023
Ca•h flow• from OPOf*tlng att[￿11
Net Income
369,578
423,304
AdJustmentB frpr."
D8prnciation ol tang￿1• fix•J assots
Other interest re(*ivbble ènd similar inc¢
A(xrued expensosllinLvno1
108,437
16011
(1,7821
127.6541
Changes in..
TrA& and ot￿r debtor8
Trade and othor uedltors
168.3571 {237,2741
12.049
23.430
Cash generated from opwalion8
401.573
315.514
Intor881 roc8ived
14.571
18.7571
3C6.757
Nèt catsh from oparnling acthil
416.144
Cash flow¥ from Inv••tlng •cUTAII••
Purchase ol tangitrje 8s8els
Fr¢)ce￿3 Irom sale of langible assets
N8t ca8h used In Invo8ttsvJ acu￿￿¥$
1171.7231
16.6561
1169.1371
{8,6561
Net Ineroa*• In ca•h and e*•h •qulvalents
h Ind •qulv•l•nl* •t b•glnnlng gf yw
Cmh ¥nd ¢Mh •qulv•b•nts at •nd ofy••r
247.W7
1.588.TT1
1,835.n8
300,101
1,288,670
1,W,71p1
The note• on p•ll•• 23 tr* 38 forn? port ofthow fiThwn¢ial statwwrt*

Food Redlstrlbutlon Wales Limited
Company Limitod by Guarantse
Not•s to th• Financial Statsments
Year ended 31 March 2024
The c**rity is a wt4iG benefft • and a private o)mp8ny limrted by gu8ranteo. registered in
England and Walas arKI a reg￿le￿d charity In England and Wales. Tr addre¥s of
r8giStered office 1$ Unit S5. ca￿tal Business Part Parkway. Cardiff. CF3 2PU.
I Stat•rn•nt of compll•nc•
These flnanci81 statements have trKen prepared In compllart8 ￿1th FRS 102. The Fin8nclal
Repx)rting Stsndard applicaNe In Ihe UK and the Rewtdic of Irelond., the Ststement of
RecomffleThJ*J Prxtice ap￿1¢ab￿ to charities prepariry th8ir a￿Unts In accordance wth tho
Finan¢ig1 Reporting Standard applicable in the UK and ROP￿1¢ of Ireland {FRS 102) (Charities
SORP IFRS 10211 and the Compan185 Act 2W6.
Accountlng polkl••
Ba•1• of pr•p•r•tlon
Th8 financl818tatem8nl8 havo bo￿ wop¥•d ￿ Ihe historfc81 Ca)sl bag19.
The ffin8ncwl $tthents are prepared In sterflThJ, lhtiich is the funclional ¢xrrnncy ef thè onlity.
Golng GOn￿M
Al the lim8 of apwovlng thè fIrw￿81 $latements. ihg trust88s have 8 reasonable ex￿tatIon that
the charity has adequate resources to conbnue in opèrational exls10neè for thè for6sts8ble
fubjre. This the trusteos cC￿tinUe to 8&)pt thè golrKJ concem basis of acLounts'ng in preparing
the financiul stsloments.
The ch8rlty he￿lY relles on W61sh Govemment funt*ng *thich has been confirmed until March
2025. The chadty Is currenoy awarting de￿$￿n from Welsh Govemment regarding confimiaJon
of fulwe fundlng past this dale.
Judg•rn•nts and k•y •ow¢￿ of ••llm•tlon unc•rtality
The wjpara1￿jn of the fin•rKa•l ststwnents rewres m￿agement to make ludgements,
esllm8tes and 8s5umpt*)ns that affect the amounts ￿[>>￿e￿. These estimates and judgements
are condnually revl6wèd and are based on experierte 8r*d olher factor5. inrjuding expectalJon3
of future events Ihat are telieved to be re8SOnab￿ uThJer Iha clrcumstane¢$.
Thg esllmales and urKlerfwrYJ awmpkns we on an ongolng tAsls. Revlsbns to
accounling estimates are recognlsed In tha period in the estim818 Is rwsed wheie the
iS￿n affects On￿ Ihal peri<>d. or in the peri￿1 of the revision aThJ fuknre peric*Js where the
Isbn affects both cfftnt and lutLKe periods.

Food Redistribution Wales Limlted
Company Limited by Guarantee
Notes to the Financial Statements tsonth
Year ondod 31 March 2024
AGGountlng pollGkn feoni*JwdJ
Fund •ccountlng
Unreslrthd funds are available for use 81 the discrets￿ of the trustses lo further any of the
charitys wrwses.
OesvJnated frJnds are unrestrlthd fvnds e4rnorked by the tru¥* for partI￿1&r futurn projèct or
¢ommitrn¢nl.
Reslricted funds are subjgcled to Testrlcyons on Ihebr expenditure dedared by th& dorKJr or
through the tems of an appeal, a￿1 fou into cffle of sub4assos: rnstrlcted wKome funds or
endowment fuThJs.
Incomlng Mour¢••
AN Incomlng resou￿ are irn*Kled in the of finw¢bl •divili8s W*h&n enlllement h89
passed to the chadty., It Is FYc*at4e that Ihe economlc beneffts associqled ￿th th8 Iransactlon
will flow lo the ch8rity and amount can bo feliabty moasured. Th8 folhMrwJ specsfsc polici8s
are applied lo parb"cular Gglegori8s of ir￿Orne.
Ir￿ome from don81ions or grants Is rwnisod vknen Ihar818 of enlltknienl to tha
receipt Is wob8bl• and ils amlyml c4n bo measured reliobty.
leg8cy incLThe is rec4)gru¥¢d ro(xiO rs 8rKI entiVement18 e8t8bllshed.
I￿)Me from donated goods 1$ measured at thè lalr valua of the gc￿S unles8 thls 1$
Imwacllcal to mea8ure ￿ll3bty. in *thlch c8se ￿ value Is derived from the cost lo the (lonor
or the estlmal&J re6818 valu8. Cknated ladlilles gnd services aro rettjgnised in the
•¢coun15 when rewved il the value can be le￿ablY me8suTe(l. No amounts are inclL*Jed for
the contrthbon of9en￿l ¥olu)teern.
income from o)ntr8cts for the sU￿Y rA seryices is re￿gnISed wth th8 delivery of the
¢onlract&Y seThke. Thog Is dasslfied as unrestrlcted fijnds unless thore is 8 contractual
requirement for it lo be spent on a pa￿￿lar purpose and relumed rf ￿SpenL in which case
it may be rryarded as restri¢tod.

Food Redistrlbution Wales Llmlted
Company Limited by Guarant•e
Notes to the Flnancial Statements (¢tyth•d)
Year ended 31 March 2024
AcGountSng pollclm
Flnancl•l In8trufflent* (wrthjw
Expenditure is recognised on an accwals basls as a Ilabllty Is Ir￿rred. Expendituffj Irdu¢Yès ony
VAT bthich cannot be fully T8covwgd. and is dassrf*d urKler heading5 of the ststgmenl of
fvlgncwl ac1fv￿5 to whkh it Tdates:
expendltsjre on rai￿n9 fijnds I￿￿deS the c08ts of all fundral8lng aC1fv￿as, evants.
n￿<h¥￿tab￿ trarfing octivllies, and the sale of donated goc¥Js.
expenditure on charitable acbwties indude5 all costs ir#%rred by 8 charity in undertaking
activities IhBI fijrther its charitab￿ aims for Iho banefil of ts beneficiaries. including those
supwt costs arKI costs relating to the of ts dwrity apportioned to charftable
act1￿110$.
other expenditure indudes 011 expeThJiture that Is nehher relalad to Tal￿ng funds for Ihe
charity nc¢ part of its expenditure on charltabl8 aclfvitiès.
All costs are all￿818d lo expenditure categorfes rèfl¢¢iry the use of th8 resource. Dlrect costs
Ittributable lo a slngl8 athity are alle¢ated directly lo that ￿livity. Sharpd costs are apporloned
betrmen the actknll88 tw conlriLMJle tt> on 8 reasonable, AuS￿fiable 8nd con81818nt b881s.
Op•r•tlng I•As••
Lea￿ payments are reo)gnlsed #S an expgn¥o over Ihe19ase lem) on 8 str8ight-h.ne basis. The
8ggregate ben&fil ol lease Is Tor￿n[S8￿ as a re(*x*'on to expen$8 over the lease
tsmi. a slratgh14ine bas18.
Tanglbh •u•t•
Tangible as￿￿ InlJ&ly recorded at ￿1. *KI ¥ub¥wnlty stated at cost le88 any
accumulated depredation and impairmenl losses. Any t8ngfjb￿ assets Carried al revalued
amounts are recorded at the falr value 81 Ihe date of rev8lua1ion less Ony sub58quenl
8ccumulaled depreCIa￿n arKI Sl￿SeqUent 8￿Mulated impaimenl10ss65.
Depreclatlon Is c£lculat8d so as to wite off Its cost (Y valuatlon of an asset. ￿53 Its ￿￿dual
value, over the useful econcthiG lrfe of Ih8t a58et a8 foM(rw8:
Freehold PTop8ty
Plant and machinery
Futures and fitting$
Motor Veh￿eS
4% str8ighl
20% straight Ilne
20% stralghl line
25% straight line
Imwlrn)ent of fixed assets
A review tr kndic8tors of imp91m￿nt is Carri￿ out al eath rewxbryJ date, W￿1h the rec4)ver8bSe
amount being ests"mat￿l where suth indicators exlsL Where the caryiro valu8 excèeds Ihe
OVerdb￿ amount. the asso1 is impalred accorfingty. Prior impainnenls are also reV￿￿d for

Food Redistribution Wales Limited
Company Limitsd by Guarantee
Notes to the Financial Statements (Gonthwdj
Yoar ended 31 March 2024
Accountlng p￿￿1•$ (coJthtM
Flnanclal Instrwnents
possit48 revwsol al eath rewbng dal•.
Fln•ncl•l Instrwn•nt•
A fimnual assèt c* 8 financJal li8biThty Is recogn18ed onty *then the dwty becomes a paty to the
orthctugl pTh1￿c￿ of the inslrument
B8sic finaTrial instruments are initialty rwnl8ed at the amount rttelv8bl8 or pgyable Including
any related trensaclion costs.
Current assets and current li8bililies are subseqLwty mebBured at th8 cash or other
¢onsideration expected to be pald or received and not diso)unl&J.
Debt instruments aro sthsequ8nty mea5wed ot ￿rtiSed cost
D•fin•d corrtrlbutlon ￿nI
ContributKins lo defined contrthtion ￿en$ 8re rwnlséd as an expense In the peric*J in ¥thich
thè related sefylce Ss promded. Prep81d conlribubons are recognised as an 8SS8t to the extent
that the prepayment I￿11188d to a reduckn In fulure p8ymonts or o cash refvnd.
Llmlt•d ty gu•rant••
Each m6mber of tho Board of Trustees has urKlert8knn to guarant￿ the Chantys debts lo the
lum of £1 ea¢h.
Don•tlons and l•g•cl••
Unrestrictsd Restrthd Tol•l Funds
FurKJ8
Fund$
2024
Donatlon•
Membership fees
mwnd9￿e Donations
Donallons and FwdTri¥iThJ
1.897
121,0￿1
24.398
301,897
121,050
24,398

Food Redistribution Wales Limited
Company Llmitod by Guarantee
Noles to the Flnanclal Statemonts
Year onded 31 March 2024
Dona*lon8 and 1•9•cI•s (e4wtht*dJ
UM1￿ted Restrictèd Total Fund•
Furkts
FuThJ$
2024
Grants
Watsh Govemment- FLndlrKJ
Fa￿Share UK
Walefk() Foundation
WCVA- Energy Effidancy Sch8m6
Welsh Government - Copitol grant
Cardiff Third Sector CourKil grant
434,417
91,330
50.000
1.000
26.325
S,CK)O
808.072
434,417
135,258
50.000
43.928
26.325
5,000
1.099.345
491.273
unre$l￿ed Restrthd Total Funds
Funds
Funds
2023
Donatlo
Memb¢rship fees
oondance Donations
Donallons aThl F￿￿1*SIng
407.485
121.050
25,651
407,485
121,050
25,651
Grnnts
Welsh Gov•rnmenl- Fwding
Foreshare UK
W8tertoo FourK1811on
WCVA ILDTCSI
Welsh Govemmenl - Capild granl
Cardiff Thlrd Sector Council grant
4￿.616
450.816
60.675
.000
22.672
103.385
1.675
50.000
22.672
103.385
614,861
626.673
1,241,534
Charlt•bl• I￿1¥￿1•
Restricted T¢)tal FuDd•
Funds
2024
Re5trKlod Totsl Funds
Fund8
2023
RKW FW. CardMI County CcxffKAI I
SBRI
166.663
186.
InveJtm•nt Income
Unrestricled Tol•l Fund• UNestrided Totol Fund5
Funds
2024
2023
Bank Intsrest receNable
27,654
27,654

Food Redistrlbution Wales Llmlted
Company Limfted by Guarantee
Notes to tho Financial Statements
Year ended 31 March 2024
Exp•nditur• on charitabl• xtivitie* by fund typ•
Unrestrict￿1 Restricted Totsl Funds
Funds
FurMI9
2024
ACti￿ty
Support costs
143,818
73.118
704.5SS
848,376
73,118
216.9
704,558
921,494
Unre8lricted Rosfftted Totsl Funds
FurxJs
Funds
2023
Actiwty
Supp￿ costs
252.681
24.370
507.497
34,283
780,179
58,652
277.051
$41,780
818,831
Exp•ndMur• on ¢harSlabl• actlvlilH by aGO¥lty typ•
U￿lertaken Granl fundlng
directty of8cbvrt￿S
Support Total fund•
2024
Totsl fund
2023
Admty
Govemance costs
766.378
53.498
19,820
73.118
901.874
19.620
808.2
10,535
766.376
921,494
818.831
10. A￿1￿1• of •upport costs
Anatysis of
SUFV)rt costs Totsl 2024 Total 2023
Staff costs
Prembgs
General office
Govemance o)sts
41,129
3.873
41.129
3,873
8.496
19.620
29,639
11,688
8,790
10,538
19,620
73.118
73.118
58.652
11. Anatysis al grants
2024
2023
Grants lo In¥lliuYons
Grants to knslituts(￿8
2.000
73,000
73,000
Totsl 9rants
82,000

Food Redistribution Wales Llmlted
Company Limitod by Guarants•
Notes to the Flnanclal Statements (¢oM
Year ended 31 March 2024
11. Analy81s of grants (eonthJt*
In tha current y £45,000 (2023.. £70,IYJO) ¥48S thvarded to FarBSharg North Iwlakn and £6.000
to West Waks12023'. £3.IJ(KI)
12. Oth•r •xp•ndllur•
Umèstrthd T4)l•l Furrfl• UNestricted Totol Funds
Furxts
2024
Funts
2023
Loss on disposal of tangible fixed
assets held for own
13. N•t Incom•
Net Irtsjmè Is #t81od after clwgirwlrndllin91.'
2024
2023
Depreda￿On of tsng4ble fixed assets
Loss on disposal of langible fixed assets
84.9Sg
108,437
14. Audltov• rnmun•r•tlon
2024
2023
F8es p8yabl8 for the audit of tre fi￿nCIal statements
9.960
5,760
15. Staff co•t•
The totsl staff costs 8fKI employee b￿n￿ts for Ihg rewong pwlod are an8tys8d as frAIows:
2024
2023
Wagès ènd salarie$
Soaal security costs
Employer cOntribu￿on8 to p8nsM)n plans
381.1
27,273
10,068
418.491
334.628
24,801
9,286
368,715
The aver8ge head ￿U￿t of empbw tha yaar w8$ 16 (2023: 151. The 0￿rage number
offulktlme eqU¢val￿t employaes during Ihe year is anatysed os fOlkn￿:
2024
No.
2023
No.
Number of st8ff
15
14
No emptoyee recer•ed •mpW b¢n6fits d nwxo £60,(KKI duriTrJ the ye8r12(Y23.' Nil}.

Food Redistribution Wales Llmlted
Company Limited by Guarantse
Notes to tho Financial Ststements (¢vnthJw
Year endod 31 March 2024
15. Staff costs (C¢￿¢1￿￿
Key Managomont P•rn¢)nn•l
Key management personnel irtlude all persons that have authority and resrxinslbilty for
plannirKJ. di￿tir￿j and COntr￿lIng the athib"e5 01 the charlty. The tolal compensation p8id to key
management Pers￿￿e1 ILY ¥efvw proviw to tho L*arity was £150,4C612023.'£142,258).
16. Tr￿tIo r•mun•rallon and •xp•ns••
All Trusl88s ar8 ant111￿ to claim reimtyjrsemenl of the cost ol attending m6elrKJs but waive Ihe
l. No trustee(sl re￿￿1¢d any rémuntiralion during the year12023.' £nill
17. Tthnglbk fix•d a•••ts
Freehokl Plant and ￿ureS and
Motor
5xc￿rty machiwy
fft11ry8 ve1￿¢￿5 Equlpmenl
Total
Al 1 Apr 2023
Add5tlons
Dlsposals
At 31 Mar 2024
225.OCQ
244.547
171.723
(2.480)
413,790
11.306
1.498
19.949
791.300
171,723
{8.8￿) {13,189)
11.299
949,834
{2.OS9)
9,247
225.0
2W.498
D•pr•clatlon
Al 1 Apr 2023
Chargè lof tha
year
Disposals
At 31 Mar 2024
180.919
9.881
227,431
12,038
529,069
9.000
35.453
3,603
84.958
18.845) (10.6031
803,424
12.426)
214.297
{1,S321
9.247
108.0(N)
262,884
Cwrrylng amount
At 31 Mar 2024
117.000
199,493
27,614
2.303
346,410
262.231
At 31 Mar 2023
126.000
63,628
1.625
63.067
7,911
18. D•btorn
2024
2023
Trade debtors
Prepayments 8fKI 8wued Income
Other debtors
108.346
5.097
208.671
21.782
3.687
228,288
253.757
322.114

Food Redistribution Wales Limited
Company Limited by Guarantse
Notes to th• Flnanclal Statsments
Year ended 31 March 2024
19. Cr•dltor4: amounts falling du• withln on• y•ar
2024
2023
Trth uedllo
Accruals and deferred income
Sw81 security ard other18xes
Other uedltors
34,272
73,291
1,071
2.366
24.353
55,375
1.307
111,CrtKI
81,035
20. p•n￿OnI And ￿h•r po•t r•tlr•m•nt b•n•fft•
D•fifi•d ¢ontributlon plans
The amount re￿OnI$8￿ in irKome or exFwdllure a¥ an expense In relation to defined
Contiibuti(￿ Pla￿ was £10,068 {2023.' £9,286).
31

Food Redistribution Wales Limited
Company Llmlted by Guarantse
Not•s to th• Finan¢lal Statements
Year ended 31 March 2024
21. Analysls of charltabl• funds
Umstrlct4d fvnd8
At
31 Morch 20
At
1 April 2023
Ir￿oMe EXp￿dItlY8
Transfe
General fuThJs
D051gnat•d funds..
Fixed asset fund
Capital reservè
Business dovekjpmenl
reserve
Envlronm8ntal
improvements r•sérva
Repairs reserye
IT Equlpment arKI
Phones
Unlt M1 C8pex and end
of Lease Reinstatement
costs
967.OY2
518.927
(219.526} 1x16.261)
9W.2Y2
129.575
120.000
(73.739)
65,836
380.000 5Crf).O
1￿.0c
150,0Tr)
I10,￿0
1¢XI.(LM)
110.0¢))
100.000
150.OLKI
1 $0.1)00
1,781,867
518.927
{219,526)
2,081,1%8
At
31 March 20
23
At
1 2022
Irthme ENpendTiure Tran8feTS
Gener81 fvnds
D•slgn•t•d funds..
Flxed assetfund
C8FitsI reserne
Business devebpm¢nl
reserve
Environmentsl
Improvements resèrvé
Repairs reseThe
IT Equipment arKI
Phones
Unit M1 Capex and end
of Lgase Reinstatement
i¥ts
734,244
615.462
(1n.8141 1205.OCQI
967.092
229.012
120,￿
(99.4371
129,575
120.OCK)
150,(iY)
150,0
110.(
1¢KI.(KKI
110,0
100,OC
55,CQO
150,OCQ
150.000
1,443256
815,462
{277,051)
1,781,667

Food Redlstrlbutlon Wales Llmlted
Company Limited by Guarantse
Notes to tho Financial Statoments
Year ended 31 March 2024
21. Analyskn of Gharltabl• funds (¢t)Mthw
Deslgnatod funds:
Fu•d ass•t fund
Relates lo the transfer of the unrestithd net b(w)k valug of its fixed 888ets.
To maint8in an¢Yor irwease the ass81 poslbon of FareshaR Cymru to help maxlmlsa
opportunities to generate income andor ￿¥8$1 in fvluro F￿lects.
￿￿￿•$5 d￿￿0pmOnt rns•rv•
To fund Invesknent In new projects aTrJ devdopments that le￿1 to the improvad 8uslainabllity
and re8ch of tha Farashare cy￿￿U. Ths m8y include dovoknping a Operati￿81 actknty or
¢Jeveloping into o new area.
To fund investment in irrfrastruGlurn or ￿PIt￿ Ihal improves the envYonment81 perfomi8nc8 of
For&Share Cymru.
Repalr¥ rns•
To frjnd unexFrtled re￿r5 that arn needed lo Ihe bulldlng
IrEqulpm•ne l￿d Phon
To ftjnd upgrades to IT systems.
Unl( All C•p•x and •nd off R•In$l•t•n￿l ¢oJts
To Fund urrfLmd6d ￿pital ¢08ts *)d premises aThd the of Ihe lea￿.

Food Redlstribution Wales Limited
Company Limited by Guarantee
Notes to th• Flnanclal Statements
Year ended 31 March 2024
21. Analysls of charftable funds
At
31 March 20
1 Apnl 2023
Income Expenditwe Transfer5
C8pitsI DgVolopm￿I
fvnd
Welsh Governm￿rt
Fundin9
Walerbo Foundatk)n
WCVA (LDTCS08)
Welsh Governmert-
C8plta grant
RKW Project- Cardrff
Counly Council I SBRI
C8rd6ff Thlrd Sector
Coun(#l
Farash￿ UK
WCVA EES
128.(KKI
{1)
19,Cth}
116,999
434.418
1434.418)
(9),Tr)O)
(12.672)
12,672
103.385
28.325
(11.479)
118.231
166.663
{166,6631
5.(KJO
91.330
5.000
72,004
(19.3261
11.¢XK>)
1704.558)
242.057
774.735
312,234
At
31 March 20
23
At
1 Aprll 2￿22
kwm8 EX￿dI1￿ Tr8nsler8
Capital Dwelcpment
135.0(X)
22.164
(9.OCKI)
(32.164)
126.0
WCVA ILDTCS05)
RF3 - Welsh
Govemmenl FU￿1r*￿
Waterloo F0urKlal￿n
WCVA ILDTCS081
Walsh Govemm8nt-
C8txtal grant
RKW Prqecl. C8rdrfl
County Councll I SBRI
Cardrff Thiftl Sector
CourK41
Fareshare UK
WCVA EES
1Q.OlXI
4￿),616
{450,616)
(S),(￿1
12,672
12,672
103.385
103,385
157,164
626.673
1541,780)
242,057

Food Redlstrlbution Wales Llmlted
Company Limited by Guarantse
Notes to the Flnanclal Stat•mentS (¢•thmd)
Year endgd 31 March 2024
21. AMtysi* of charltabl• funds {¢tyrfMu•
C•pltsl d•v•lopnen¢ ftUKI . funding was re￿bVe￿ from Wélsh Government vp Cykh towards
the cost of the freehold WOFety and associated fixtures. ￿uIpMent 8nd motor vehi¢l¢s. The
movement on Ihe fund represents ts 8nnu81 depreclation charge in respecl of the resIr￿d
Wdsh Gtw•mment Fundlng - furnling w8¥ ￿eNed from Welsh (knrnrn￿t to womde th8
charity wilh finano'al 8SSiStance wlth Its core expgrKliture lo enable the charity lo work towards
figlrting food Foverty by tackliro f￿)d waste. I￿l￿d8d within this is £20.000 l￿wardS 10
portable knlthans to be pwchased and distributed to CFKS. The equipment has been
purchased, however the dlslribulion vlill tske place orKe aFpIic8￿on pr￿£s5 is oompleted and
In-pefgon premises ched( carried out to slgn the agreemenl CFM'S.
W•t•rloo Found•tlon . fLwNJing w8s r8tèlv•d towards $8lwy costs of a three year
slr818gy.
WCVA {LDTCSOa)- Fu￿bing r¢c•ived uThl8r the Wdsh Govemmenl$ Landfill DisPO$81 T8X
Community Schemo {LDTCS).
Welsh Gov•mmone Grant - FurKling r¢eeNed to wrchase plant and equipment for
addibonal unit. The movement on the fuTrJ r8pr8sents additional grants recelved durfng the year
and amual depredation thwge ￿ rnspect of r•Str5¢t￿ 8596ts.
RKW PrnJ•ct . C•rdlff County Coun¢lV SBRI service level agreement to undertak8 an
innovation and developmenl pTc4ecl entiilgd Tr Sustainab￿ PKlgcI and of Food
Challenge" 8ntJ fe8sibilty SI￿.
Carnflff Thlrd S•thr C0￿Cl& funthng w88 recave¢l towards Shared Property grant fund
2023.24. The fvnd ¥upported surplus l￿d In CarLlff based warehc4Jse aTrJ rodlstrbute to
chafities 8nd C￿m￿nIty.
Far•Sh•r• UK-represents fvnding of£11,000 Iv￿rdS Rclhschlkl FC￿dat￿n fundinq agreement
2023. the fundirKJ ha8 bean albc8t•J to CFMS during the year. Captial fuThYing of £52.000 was
r8C8lv8d dwing the year towards chi11gr arKI stOrn9è capacity exPans￿nS in th8 new unlt, this
will decrease by an annual deprnciaknon charge. A grant of £28,330 was ￿￿e1Ved tcrtl8rds
fundiro fuel costs provi(led from Fa￿share UK tharitab￿ frjnds. An amunt of £21,881 18 bel
carr*d forword to the next year 88 as reven￿ funding.
WCVA EES. Funthng recei￿1 lty￿rdS Erw Efviey Scheme Survey.
Tran8f8rs belvffjen furvjs . th8 transfers are In r8SP8Ct of a55ets purchased, thè purch888
of the assats rgsults in thg restricts￿ bwng

Food Redistribution Wales Limited
Company Llmlted by Guarantea
Notes to tho Financial sL￿eMOrrts
Year end￿ 31 March 2024
21 Anaty8i• ol n•t a88•ts botwwn fund•
Unrestricted Restricted Total Funds
FurKts
FuThJs
2024
Tangible fixed 0589ts
Curr8nl assets
Creditors less Ihan 1 year
N•t as••t•
55.836
2,136.232
{111.0(y))
2,081,068
29).574
21.660
348,410
2,157,892
{111,￿0>
2,393,302
312.234
unrestric￿ Reslitted Total Funds
FurKYs
Funds
2023
Tangible fixe(l asxts
Current assets
Creditors bss than 1
129,575
1,733,127
181.036)
1,781,668
132.657
109,400
262.232
1.842.527
{81.036)
2.023,723
242.057
23. Analysh of chary•• In n•t d•bt
At
Al 1 Apr 2023 Cash Ilows 31 M•r 2024
C85h 81 bank in h•rKJ
1,588,771
247.007
1.835,778
Op•rallng l•a•• comml¢m•nl•
The total firture minimum poyments under non-Ggncelleble op•r8tlng laasés arn as folkAvs:
2024
2023
Not later tron 1 year
Later than 1 ygor arKI not later than S years
54,976
14S.693
204
200,669
204