**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
- 1 -
## **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
- 2 -
## **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.
- 3 -
## **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:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 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
- 4 -
## **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**
- 5 -
**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.
- 6 -
## **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.
- 7 -
## **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|**Total**Unrestricted
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
**Unrestricted**Unrestricted
**funds**
funds
**2022**
2021
**£**
£
substance a payment
84
189|
|---|---|
## **4 Other trading activities**
- 8 -
## **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|
- 9 -
## **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**
- 10 -
## **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|
- 11 -
## **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**
**£**
-
-
-|
|---|---|---|
- 12 -
## **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|
- 13 -
## **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|**Total**Unrestricted
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) .
- 14 -