Charity registration number 1146921
FLINTSHIRE FOODBANK
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
FLINTSHIRE FOODBANK
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Reverend A Leake Mr S Harrison Mr O Jones Mrs S Beatson Charity number 1146921 Principal address The Former Library HQ Raikes Lane Mold Flintshire United Kingdom CH7 6NW Independent examiner Azets Audit Services Brynford House 21 Brynford Street Holywell Flintshire United Kingdom CH8 7RD
FLINTSHIRE FOODBANK
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 4 |
| Statement of financial activities | 3 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 14 |
FLINTSHIRE FOODBANK
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The trustees present their annual report and financial statements for the year ended 31 March 2022.
The financial statements have been prepared in accordance with the accounting policies set out in the note s to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
Annual Review
During the period 01.04. 20 21 until 31.03. 20 22, Flintshire Foodbank fed 4 , 413 adults and 3 , 438 children. This is an increase of some 16.2% over the last reporting period.
The scale of the challenge that faces the Foodbank network nationally and thus Flintshire Foodbank locally cannot be underestimated.
Having bravely continued to operate through the pandemic, the turbulence in society makes predictive forecasting almost impossible. The trend seems to be in an upward trajectory.
The challenges of the past 12 months, although difficult, have left the Foodbank in a very healthy situation; we are financially robust even though our income has halved in this period; the stewardship of our financial resources has been one of the primary tasks of the Trustees.
Our volunteers appear to be well suited and committed to the tasks asked of them; the staff team are operating cohesively and, structurally, the Foodbank is in good shape.
We are grateful to all those who give to the Foodbank; there are many regular donors who faithfully support the Foodbank financially; our volunteers have, again, stepped up and worked so diligently and faithfully, sometimes in very trying and challenging circumstances.
Our Trustees have once again sought to govern the charity with skill, commitment and dedication. We have engaged with the Trussell Trust on a number of difficult issues which have required us to be quite robust.
We are working to ensure all people in Flintshire who are in need of food receive the help and support they need from the Foodbank. Our signposting to other, appropriate agencies and services have added to the support that each person receives upon visiting a Foodbank centre.
All in all, a year that has been stretching but together we have managed to ensure that any person who needs food help in Flintshire can access support .
Reserves Policy
The Trustees have a reserve policy to accumulate unrestricted reserves to support the Charity for the future and recognise potential additional costs such as Van costs and replacement and if a change of location was required.
The Charity has been been in receipt in the past of some very useful specific Grant income to support the day to day running costs and to ensure the charity can deliver on its Charitable objectives, but need to ensure they have reserves to carry forward to cover these if funding ends.
Structure, governance and management
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The trustees who served during the year and up to the date of signature of the financial statements were: Reverend A Leake Mr S Harrison Mr O Jones
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FLINTSHIRE FOODBANK
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Mrs S Beatson
The trustees' r eport was approved by the Board of Trustees.
Trustee Dated: 30 September 2022
Trustee Dated: 30 September 2022
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FLINTSHIRE FOODBANK
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022
| Unrestricted Restricted funds funds 2022 2022 Notes £ £ Income from: Donations and legacies 3 115,341 22,063 Other trading activities 4 84 - Investments 5 1,222 - Total income 116,647 22,063 Expenditure on: Charitable activities 6 56,386 28,348 Net gains/(losses) on investments 9 2,979 - Net incoming/(outgoing) resources before transfers 63,240 (6,285) Gross transfers between funds 2 (2) Net movement in funds 63,242 (6,287) Fund balances at 1 April 2021 167,935 24,659 Fund balances at 31 March 2022 231,177 18,372 |
Total Unrestricted Restricted funds funds 2022 2021 2021 £ £ £ 137,404 149,619 49,026 84 189 - 1,222 3,408 - 138,710 153,216 49,026 84,734 28,813 62,728 2,979 303 - 56,955 124,706 (13,702) - (10,512) 10,512 56,955 114,194 (3,190) 192,594 53,741 27,849 249,549 167,935 24,659 |
Total 2021 £ 198,645 189 3,408 202,242 91,541 303 111,004 - 111,004 81,590 192,594 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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FLINTSHIRE FOODBANK
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FLINTSHIRE FOODBANK
I report to the trustees on my examination of the financial statements of Flintshire Foodbank (the charity) for the year ended 31 March 2022.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Melanie Langton-Davies, ACA, FCCA Azets Audit Services Brynford House 21 Brynford Street Holywell Flintshire CH8 7RD United Kingdom
Dated: 30 September 2022
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FLINTSHIRE FOODBANK
BALANCE SHEET
AS AT 31 MARCH 2022
| Notes Fixed assets Tangible assets 10 Investments 11 Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Income funds Restricted funds 14 Unrestricted funds |
2022 £ - 168,194 168,194 (703) |
£ 3,777 78,281 82,058 167,491 249,549 18,372 231,177 249,549 |
2021 £ 110 162,145 162,255 - |
£ 5,036 25,303 30,339 162,255 192,594 24,659 167,935 192,594 |
|---|---|---|---|---|
The financial statements were approved by the Trustees on 30 September 2022
Trustee
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FLINTSHIRE FOODBANK
BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2022
1 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2 Accounting policies
2.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
2.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
2.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
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FLINTSHIRE FOODBANK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
2 Accounting policies
(Continued)
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
2.5 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Motor vehicles 25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .
2.6 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year . Transaction costs are expensed as incurred.
2.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
2.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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FLINTSHIRE FOODBANK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
3 Donations and legacies
| Unrestricted Restricted funds funds 2022 2022 £ £ Donations and gifts 104,490 1,230 Grants 10,851 20,833 115,341 22,063 Donations and gifts Other 104,490 1,230 104,490 1,230 Grants receivable for core activities Other 10,851 20,833 10,851 20,833 Other trading activities Membership subscriptions and sponsorships which are in for goods and services |
TotalUnrestricted Restricted Total funds funds 2022 2021 2021 2021 £ £ £ £ 105,720 139,175 3,015 142,190 31,684 10,444 46,011 56,455 137,404 149,619 49,026 198,645 105,720 139,175 3,015 142,190 105,720 139,175 3,015 142,190 31,684 10,444 46,011 56,455 31,684 10,444 46,011 56,455 UnrestrictedUnrestricted funds funds 2022 2021 £ £ substance a payment 84 189 |
|---|---|
4 Other trading activities
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FLINTSHIRE FOODBANK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
5 Investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2022 | 2021 | |
| £ | £ | |
| Rental income | 1,200 | 3,230 |
| Interest receivable | 22 | 178 |
| 1,222 | 3,408 |
6 Charitable activities
| Charitable | Charitable |
|
|---|---|---|
| Expenditure | Expenditure |
|
| 2022 | 2021 |
|
| £ | £ |
|
| Staff costs | 46,663 | 46,756 |
| Depreciation and impairment | 1,259 | 1,679 |
| Insurance | 702 | 1,117 |
| Telephone | 2,013 | 1,944 |
| Postage and stationery | 2,271 | 5,182 |
| Repairs and renewals | 2,368 | 2,782 |
| Rent and utilities | 15,721 | 13,111 |
| Vehicle expenses | 4,871 | 2,573 |
| Hygiene products | - | 7,191 |
| Miscellaneous | 2,540 | 2,048 |
| Food and tea | 2,556 | 286 |
| Accountancy | 1,810 | 984 |
| Laptops for Schools | 216 | 4,148 |
| Computer running costs | 1,668 | 1,740 |
| Bank charges | 76 | - |
| 84,734 | 91,541 |
|
| 84,734 | 91,541 |
|
| Analysis by fund | ||
| Unrestricted funds | 56,386 | 28,813 |
| Restricted funds | 28,348 | 62,728 |
| 84,734 | 91,541 |
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FLINTSHIRE FOODBANK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
8 Employees
The average monthly number of employees during the year was:
| The average monthly number of employees during the year was: | ||
|---|---|---|
| 2022 | 2021 | |
| Number | Number | |
| 3 | 4 | |
| Employment costs | 2022 | 2021 |
| £ | £ | |
| Wages and salaries | 46,663 | 46,756 |
| There were no employees whose annual remuneration was more than £60,000. | ||
| Net gains/(losses) on investments | ||
| Unrestricted | Unrestricted | |
| funds | funds | |
| 2022 | 2021 | |
| £ | £ | |
| Revaluation of investments | 2,979 | 303 |
9 Net gains/(losses) on investments
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FLINTSHIRE FOODBANK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
| 10 | Tangible fixed assets | ||
|---|---|---|---|
| Motor vehicles | |||
| £ | |||
| Cost | |||
| At 1 April 2021 | 9,330 | ||
| At 31 March 2022 | 9,330 | ||
| Depreciation and impairment | |||
| At 1 April 2021 | 4,294 | ||
| Depreciation charged in the year | 1,259 | ||
| At 31 March 2022 | 5,553 | ||
| Carrying amount | |||
| At 31 March 2022 | 3,777 | ||
| At 31 March 2021 | 5,036 | ||
| 11 | Fixed asset investments | ||
| Unlisted | |||
| investments | |||
| £ | |||
| Cost or valuation | |||
| At 1 April 2021 | 25,303 | ||
| Additions | 50,000 | ||
| Valuation changes | 2,978 | ||
| At 31 March 2022 | 78,281 | ||
| Carrying amount | |||
| At 31 March 2022 | 78,281 | ||
| At 31 March 2021 | 25,303 | ||
| 12 | Debtors | ||
| 2022 | 2021 | ||
| Amounts falling due within one year: | £ | £ | |
| Trade debtors | - | 110 |
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FLINTSHIRE FOODBANK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
13 Creditors: amounts falling due within one year
| Other creditors Accruals and deferred income |
2022 £ 115 588 703 |
2021 £ - - - |
|---|---|---|
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FLINTSHIRE FOODBANK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
14 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Movement in funds | Movement in funds | Movement in funds | Movement in funds | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Transfers | Balance at | Incoming | Resources | Transfers | Balance at | ||
| 1 April 2020 | resources | expended | 1 April 2021 | resources | expended | 31 | March 2022 | |||
| £ | £ | £ | £ | £ | £ | £ | £ | £ | ||
| Trussell Trust | 13,996 | 18,661 | (29,068) | 10,407 | 13,996 | - | (13,996) | - | - | |
| Morgan Foundation | - | 14,280 | (17,000) | 2,720 | - | 6,833 | (6,833) | - | - | |
| Trussell Trust Van | 10,784 | 1,550 | (1,272) | (9,330) | 1,732 | - | (1,733) | 1 | - | |
| Trusell Trust Van - cost | - | - | (1,679) | 6,715 | 5,036 | - | (1,259) | - | 3,777 | |
| Eat Well Spend Less | 649 | - | - | - | 649 | - | - | - | 649 | |
| MoneySuperMarket (scales) | 420 | - | - | - | 420 | - | - | - | 420 | |
| Toyota | 2,000 | 850 | (2,850) | - | - | 5,000 | - | - | 5,000 | |
| WBP Lloyd & N Owen-Thomas | - | 1,515 | (206) | - | 1,309 | 1,230 | (2,494) | - | 45 | |
| Rotary Club | - | 500 | - | - | 500 | - | (500) | - | - | |
| Llanarmon Panto | - | 1,000 | (820) | - | 180 | - | (180) | - | - | |
| Flintshire County Council | - | 7,170 | (7,170) | - | - | 7,000 | - | - | 7,000 | |
| Millenium Stadium | - | 2,500 | (1,663) | - | 837 | - | (834) | (3) | - | |
| Buckely Town Council | - | 1,000 | (1,000) | - | - | - | - | - | - | |
| Synthite | - | - | - | - | - | 2,000 | (519) | - | 1,481 | |
| 27,849 | 49,026 | (62,728) | 10,512 | 24,659 | 22,063 | (28,348) | (2) | 18,372 |
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FLINTSHIRE FOODBANK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
| 15 Analysis of net assets between funds Unrestricted funds Restricted funds 2022 2022 £ £ Fund balances at 31 March 2022 are represented by: Tangible assets - 3,777 Investments 78,281 - Current assets/ (liabilities) 152,896 14,595 231,177 18,372 |
TotalUnrestricted funds Restricted funds 2022 2021 2021 £ £ £ 3,777 - 5,036 78,281 25,303 - 167,491 142,632 19,623 249,549 167,935 24,659 |
Total 2021 £ 5,036 25,303 162,255 192,594 |
|---|---|---|
16 Related party transactions
There were no disclosable related party transactions during the year (2021 - none) .
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