Charity Reglstration Number 1146921 FLINTSHIRE FOODBANK ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 AZETS
FLINTSHIRE FOODBANK LEGAL AND ADMINISTRATIVE INFORMATION Truste08 Reverend A Leake Mr S Harrison Mr O Jones Mrs S Beatson Charlty numbor 1146921 Prlnclpal address The Fomier Library HQ Raikes Lane Mold Flintshire United Kingdom CH7 6NW Indopondent oxamln•r Jonathan Wdrd FCA Azets Audlt Setvices Firsl Floor Unil 5$ Ffordd William Morgan St Asaph Business Park St Asaph United Kingdom LL17 OJG
FLINTSHIRE FOODBANK CONTENTS Page Trustees, report Statement of trustees. responsibilities Independent examlnerfs report Statement of financlal activities Balance sheet Notes to the financial statements 7-15
FLINTSHIRE FOODBANK TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Irustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the aexounting policies set out in the notes lo the financial statements and Comply with the charity's governin9 document, the Charilies Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland {FRS 102) (effective 1 January 20191" Objectives and Activitses I can report that no issues of safeguarding or of any financial discrepancTres have been reported to the Trustees. We have. where possible, kept our activities commensurate with the Charity's objectives. The Charity's objectives are., 1 To provide relief to individuals and families in Flintshire and surrounding areas (the beneficiaries) through the provision of emergency food supplies either directly or through approved partner agencies. 2. To provide spiritual, physical and mental support etther directly or by referral to approved partner agencies lo enable the beneficiaries lo avoid future crises. 3. To do anylhing consistent with the primary purposes of the charily as may from time to lime be agreed by the trustees. Achievements and perfomiance We have fed in in 2023124 in excess of 12,000 local people in Flintshire, with circa 5,000 of those people being children. Our referral agency partnerships have increased and we have utilised the referral activity to other agencies on a frequent basis. We are very grateful to the staff team and our 'band of volunteers, for their continued efft)rts throughout the year, without whom. the charity would struggle to function. Flnancial review Income This is derived from donations, gifts, grants and some investment income. The total for 2024 amounted to £168,466 (2023., £173.992). Ex nditure Expenditure for the year ended 31 sl March 2024 was monitored. controlled and increased as appropriate. Unrestricted incoming resources amounted to £143,086 (2023,. £148.122) and total unrestricted resources expended amounted to £111,098 12023,. £76,291) attributing to an unrestricted surplus for the year of £34,112 {2023', £66,679). Reslricled incoming resOUrS amounted to £25,380 {2023; £25,870} and total restricted resources expenses amounted to £40,142 (2022.. £26.338) attributing to a restricted deficit for the year of £16,88612023,' £1,120). Reserves Pollcy The Trustees have a reserve policy to accumulale unrestricted reserves to support the Chartty for the future and recognise polential additional costs such as Van costs and replacement and if a change of location was required. The Charity has been been in receipl in the past of some very useful specific Grant income to support the day to day running costs and lo 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.
FLINTSHIRE FOODBANK TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Plans forfuture periods We look forward to a new year with even greater demand expeded, with less donations of food and greater expendrture of resources keeping up with demand for Ihe services of the Foodbank. Structure, governance and management The charity is controlled by its governing document, a deed of trust and conslitutes an unincorporated charrty. The trustees who served during the year and up to the date of signature of the financial stalements were.. Reverend A Leake Mr S Harrison Mr O Jones Mrs S Beatson No new appointments have been made to the Charity Trustees, although we have asked a number of people to join the board, however, they have all refused the invitation for entirely valid reasons. The Chair has encouraged strategic planning and trustee governance training, and helpful materials have been issued by the Trussell Trust and the Charity Commission. The trustees, report was approved by the Board of Trustees. Rev nd A Leake Trustee Dale.. 06.01.25
FLINTSHIRE FOODBANK STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally A¢¢epted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the in¢oming resources and application of resources of the charily for that year. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently- - observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disdose with reasonable accuracy at any time the financial position of Ihe charity and enable them lo ensure thal the financial statements comply with the Charities Act 2011, the Charily (Accounls and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charty and hence for laking reasonable steps for the prevention and detection of fraud and other irregularities.
FLINTSHIRE FOODBANK INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FLINTSHIRE FOODBANK I report to the trustees on my examination of the financial slalements of Flintshire Foodbank (the charity) for the year ended 31 March 2024. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial stalemenls in accordance wrth the requirements of the Charities Act 2011 {the 2011 Act). I reporl in respect of my examination of Ihe charity's financial statements carried out under section 145 of the 2011 Acl. In carrying out my examination I have followed all the applicable Directions given by the Chartty Commission under section 145{5){b) of the 2011 Act. Independent examinerfs ststement 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 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practi issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. l understand that this has been done in order for financial statements lo provide a true and fair view in accordan 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.. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act- or the financial statements do not accord wilh those records., or the financial statements do nol comply with the applicable requirements conmIng the fomi 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 lo be reached. Jonathan Ward FCA Azets Audit Setvices First Floor Unil 55 Ffordd William Morgan StAsaph Business Park St Asaph LL17 OJG United Kingdom Dated..
FLINTSHIRE FOODBANK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrictsd Restricted funds funds 2024 2024 Total Unrestrictsd Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies other trading activities Investments 132,667 25,380 158,047 144,058 25.870 169.928 839 3,225 839 3,225 10.419 10,419 Totsl income 143,086 25,380 168.466 148,122 25,870 173,992 nditure on: Charitable activities 111,098 40.142 151,240 76,291 26,388 102,679 Net gainsl(losses) on investments 10 (5,754) (5.754) Net incominglloutgoing) resources before transfer5 31,988 (14,762) 17.226 66,077 (518) 65,559 Gross transfers beeen fvnds 2.124 {2,124) 602 {602} Net movement in funds 34,112 (16.886) 17.226 66,679 (1,120) 65,559 Fund balances at 1 April 2023 297.856 17,252 315,108 231.177 18,372 249,549 Fund balances at 31 March 2024 331,968 366 332,334 297,856 17,252 315,108 The slatement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
FLINTSHIRE FOODBANK BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Notss Flxed assets Tangible assets 12 2,124 2,832 Current assets Debtors Cash at bank and in hand 13 1,812 330,749 313.055 332,561 313,055 Creditors: amounts falllng due wlthln one year 14 {2,351) (779) Net current assets 330,210 312,276 Totsl assets less current Ilabllltl¢$ 332,334 315.108 In¢ome funds Restrided funds Unrestricted funds 15 366 331.968 17,252 297,856 332,334 315,108 06.01.25 The finan¢lal statements were approved by the Trustees on .......,..........,...... end A Leake Trustee
FLINTSHIRE FOODBANK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies 1.1 Accounting convention The financial slatements have been prepared in accordance with the charity's governing document, the Charities Acl 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 prov5sions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities {Accounts and Reports) Regulations 2008 only to the exlent required to provide a true and fair view. This departure has involved following the Stalemenl of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Pradice which is referred lo in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional cUencY of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the hislorical cost convention. The principal accounting policies adopted are sel out below. 1.2 Going concern Al the lime of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate reSoUrS to continue in operalional existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitsble 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 sel out in the notes to the financial statements. 1.4 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. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performan 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 dislribulion. the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a ontingènt asset. Grant income is recognised based on the terms of the funding.
FLINTSHIRE FOODBANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Icontinued) Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to third party, it is probable that a Iransfer of economic benefits will be required in settlement. and the amount of the obligation can be measured reliably. Expenditure is classified by activily. 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 thal activity. Shared costs whith contribute to more than one activity and support costs which are not attributable to a single activity are apportioned betsveen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spenl. and depreaalion charges are allocated on the portion of the asset's use. 1.5 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. nel of depreciation and any impaimienl 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 250/0 reducing balance The gain or loss arising on the disposal of an assel 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. 1.6 Impaimient of fixed assets Al 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 lo determine the extent of the impairmenl loss (if any). 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-term liquid inveslmenls with original maturilies of three months or less. and bank overdrafts. Bank overdrafis are shown within borrowings in currenl liabilities. 1.8 Retirement benefits Payments to defined contribution retirement benefil schemes are charged as an expense as they fall due. Critical accountlng estimatss and judgements In the application of the charity's accounting policies, the trustees are required lo 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 lo be relevant. Actual results may differ from these eslimales. 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 wheie the revision affects only that period, or in the period of the revision and future periods where the revision affects bolh current and future periods. There are no crilical accounting estimates 01 judgements.
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FLINTSHIRE FOODBANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Other trading activities Total Unrestricted funds 2024 2023 Membership subscriptions and sponsorships which are in substance a payment for goods and services 839 Investments Unrestricted Unrestricted funds funds 2024 2023 Inlerest receivable 10.419 3,225 10-
FLINTSHIRE FOODBANK NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable actlvltie$ Charltable Charftable Expenditure Expendlturo 2024 2023 Staff $t$ Depreciation and impairment Teaching costs Insurance Telephone Postage and stationery Repairs and neWaS Rent and ulilities Vehide expenses Hygiene products Miscellaneous Food and tea Laptops for Schools Computer running costs 61,303 708 161 433 1,663 1,839 6,521 10,564 2,416 18,000 3,090 41,300 56.336 331 1,513 3,172 2,368 12,093 4,650 7.047 1.070 9.961 200 120 249 148,247 99,806 Share of support costs (see note 7) Share of governance costs (see note 7) 1.490 1,383 2,599 151,240 102,679 Analy81$ by lund Unreslricted funds Restricted funds 111,098 40.142 76,291 26,388 151,240 102,679 11
FLINTSHIRE FOODBANK NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Govemance osts costs 2024 Support Governance costs costs 2023 Bank charges Insurance Miscellaneous 199 35 160 199 35 160 266 40 1,184 266 40 1,184 Independent Examination fees 2,959 2,959 1,384 1,384 394 2.959 3,353 1,490 1,384 2,874 Analysed beeen Charitable activrties 394 2,599 2,993 1,490 1.383 2,873 Governance costs includes payments to the accountants of £2,959 (2023: £1.384) for accounlancy fees. Trustees None of the Iruslees (or any persons connected with them) received any remuneration or benefrts from the charity during the year. Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Employment costs 2024 2023 Wages and salaries Other pension costs 60.635 668 55.727 609 61.303 56,336 There were no employees whose annual remuneration was more than £60,000. 12-
FLINTSHIRE FOODBANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Net galn81{108ses) on Invostments Totsl Unfestrfctsd fund8 2024 2023 Revaluation of investments <5.754) 11 Taxation The Charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Ad 1992 to the extent that these are applied to its charitabl8 objects. 12 Tanglble fixod a8sets otor v•hl¢l•s Cost At 1 April 2023 9,330 At 31 March 2024 9,330 Depreciation and Impalrnient At 1 April 2023 Depreciation charged in the year 6.498 At 31 March 2024 7,2(k8 Carrylng amount At 31 March 2024 2,124 At 31 March 2023 2,832 13 Debtors 2024 2023 Amounts fallin9 due wlthln one year: Prepayments and accrued income 1,812 14 Crndltors: amounts falllng du• wlthln one year 2024 2023 Other creditors Accruals and deferred income 131 2.220 119 2,351 779 13
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FLINTSHIRE FOODBANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Analysis of net assets between funds Unrestricted Restrlcted funds funds 2024 2024 Total Unrestricted Restrfcted funds funds 2023 2023 Total 2024 2023 Fund balances at 31 March 2024 are represented by.. Tangible assets Current assetsl{liabilities) 2.124 329,844 2.124 330.210 2,832 14,420 2,832 312,276 366 297,856 331.968 332,334 297,856 17,252 315,108 17 Related party transactions Remuneration was paid to the following employee and spouse of a Trustee: Mrs Sue Leake - £28,519 {2023: £26,555). Employer pension £668.32 (2023.. £609.44) This renumeration is sel by the board of Trustees excluding Rev. Andy Leake Sue is employed as the General Manager and Project Leader of Flintshire Foodbank. She has responsibilty for running the Foodbank, stock control. staff line-management, day-to-day accounting procedures and ensuring that GDPR and confidentiality functions are in order. The salary paid to Sue Leake is in line with the market rale (the median salary in 2023 was Girca £37,900) for Sue's invaluable position within the charity. 15