2021-02-28-accounts - World Food Aid Ltd

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					World	Food Aid Ltd	Food Aid Ltd	Food Aid Ltd		Charity No
										(ifany)	1148371
						Annual		accounts for the		period			CC17a
	Period start date						01/03/2020			Period end date	28/02/2021
									Restricted
Recommended		Details	ofown			(D	Unrestricted		income	Endowment			Total last
categories by activity		analysis				Q	funds		funds	funds	Total this	year	year
Incoming resources (Note mcomrng resources from		3)						F01	F02	F03	F04		F05
generated funds
Voluntary income	Donations/Legacies					S01		29,017			29,017		83,192
Activities for generating funds	Charity shops			sales		S02		25,804			25,804		6,709
Investment income						S03
incoming resources from
charitable activities						S04
Other incoming resources	Gain	on Asset		Disposal		s05							7,185
	Government		Grants					62,811			62,811
Tote/incoming			resources			s08	117,632				117,632		97,086
Resources expended	(Notes 4-8)
Costs ofGenerating Funds
Costs ofgenerating voluntary income						S07							1,994
Fundraising trading costs						S08		49,701			49,701		35,448
Inveslment management costs						Sog
Charitable activities						S10		35,349			35,349		50,297
Governance costs						S11		4,214				4,214	6,953
Other resources expended						S12
Total	resources		expended			s13		89,264			89,264		94,692
Netincoming/(outgoing)		resources			before
				transfers		s14		28,368			28,368		2,394
Gross transfers between funds						S15
Net incomingl(outgoing)		resources			before
other recognised gains/(losses)						S18		28,368			28,368		2,394
Other recognised gains/(losses)
Gains and losses on revaluation		offixed assets for
the charity's own use						S17
Gains and losses on investment		assets				S18
Net movementin					funds	s19		28,368			28,368		2,394
Total funds brought forward						S20		67,276				67,276	64,882
Tota/ funds		carried		forward		s21		95,645			95,645		67,276

~	e
											Restricted
						ID		Unrestricted			income	Endowment		Total this	Total last
						O			funds		funds		funds	year		year
Fixed assets									F01		F02		F03	F04		F05
Tangible assets			(Note 9)			I301			1,670					1,670		3,340
						B02
Investments			(Note 10)			B03
			Total fixed assets			B04
Current	assets
Stock and	work in		progress			B05
Debtors			(Note 11)			B06
(Short term) investments						B07
Cash at bank and		in hand				B08
			Total current assets			Boo										67,850
Creditors:	amounts falling			due within
one year	(Note 12)					B10			3,158					3,158		3,914
Net current assetsl(liabilities)						B11										72,067
Total assets less current liabilities						B12
Creditors:	amounts falling			due after
one year		(Note 12)				B13
Provisions	for liabilities and			charges		B14
				Net assets		B15									67,276
Funds ofthe Charity
Unrestricted funds						B16			95,645					95,645		67,276
						B17
Restricted	income		funds (Note 13)			B18
Endowment funds			(Note 13)			B19
			Total funds			B20
For the year	ended 29th February			2020the company			was entitled to			the exemption		to audit under Section 477ofthe
Companies	Act 2006.
The trustees	have not		required the company		to	obtain		an audit of its		financial statements			for the	year ended 29th February
2020 in accordance with Section				476ofthe Companies				Act 2006.
The directors acknowledge their				responsibility	for complying				with the	requirements		ofthe Act with		respect to accounting
records and	for the preparation ofthe accounts.
These accounts have			been prepared in accordance				with the provisions				applicable	to companies		subject to the small
companies'	regime.
Signed by one or two			trustees on	behalf of all					na	re					Date of
the trustees															a	roval
													Harjit Singh Dulai		16/11/2021

Note 2	Accounting policies	Accounting policies
This standard	list ofaccounting policies has been applied by the charity except for		those deleted. Where		a different
or additional	policy has been	adopted then thisis detailed in the box below.
INCOMING RESOURCES
Recognition	ofincoming	These are included in the Statement of Financial Activities	(SoFA)when:
resources		~ the charity becomes entitled to the resources;
		~ the trustees are virtually certain they will receive the	resources; and
		~ the monetary value can be measured with sufficient	reliability.
Grants and donations		Grants and donations are only included in the SoFA when	the charity has unconditional
		entitlement to the resources.
EXPENDITURE AND		LIABILITIES
Liability recognition		Liabilities are recognised as soon as there is a legal or constructive obligation		committing		the
		charity to pay out resources.
Governance	costs	Include costs ofthe preparation and examination ofstatutory accounts, the costs			oftrustee
		meetings and cost of any legal advice to trustees on governance or constitutional			matters.
ASSETS
Tangible fixed assets for use		All assets are valued at histroical cost and the depreciation is charged on an		accumulation
by charity		basis. The depreciation policy is 10%per annum on a straight line basis for Plant,			Machinery
		and Motor Vehides and 33%per annum on a straight line	basis for Office Equipment.

Incoming	resources may	be fu	rther analys	ed ifthi	s would help the	reader ofthe	accounts.
					Analysis		This year f	Last year
Voluntary	income		Donations				29,017	17,103
			Le acies					66,089
						Total	29,017	83,192
Activities	for generating	funds	Charity shops sales				25,804	6,709
						Total	25,804	6,709
Investment	income
						Total
Incoming	resources from
charitable	activities
Other incoming resources			Gain on asset disposal					7,185
			Govemrnent	Grants	received		62,811
						Total	62,811	7,185

						This year	Last year
				Analysis
Costs ofgenerating			Printing and Stationery				386
voluntary	income		Sales Promotion				1,608
					Total		1,994
Fundraising		trading	Purchases				1,595
costs			Gross Wa es			26,066	12,395
			Rent and Rates			12,267	4,461
			Heat, Li ht and Power			2,376	1,081
			Travelling				962
			Printin and Stationery			270
			Tele hone and Com	uter char es		1,304	242
			Maintenance			2,780	11,288
			Software subcriptions			432
			Bank Char es			1,306	327
			De reciation			1,670	1,670
			General Ex enses			586	1,427
					Total	49,701	35,448
Investment
management		costs
					Total
Charitable	activities		Gross Wa es			6,636	17,869
			Rent and Rates			14,409	14,190
			Donations made			14,304	18,239
					Total	35,349	50,297
Governance		costs	Gross Wa es			4,014	6,753
			Professional Fees			200	200
					Total	4,214	6,953

pport c	osts
			Fundraising	activity	Charitable	Activity	Governance	Activity	Total	Cost
Support	cost	type					F
		Total

please enter 'None'in th	e appropriate box(es).
		This year	Last year
Number oftrustees who	were paid expenses	None	None
		None	None
Nature ofthe expenses
Total amount paid		None	None
6.2 Fees for examination	or audit ofthe accounts

services pr appropriate	ovided by yo box(es).	ur indepe	ndent examiner or au	ditor. Ifnoth	ing was paid please	enter NONE i
					This year	Last year
Independent accounts	examiner's	or auditors' fees for reporting		on the	200	200
Other fees (for example: advice, services) paid tothe independent			consultancy, accountancy examiner or auditor		None	None

8.1 T	otal value o	fgrants
								Grants to		Grants to
								institutions		individuals
		Purpose	for	which	grants	made		Total amount	R	Total amount	8
THE	RELIEFOF	POVERTY						14,236
THE	RELIEFOF	SICKNESS							68
							Total	14,304

Sufficient information should be give supported.	n to provide a reasonable understanding ofthe range	ofinstitutions
Names ofinstitutions	Purpose	Total amount of grants paid R
FARE SHARE	THE RELIEFOF POVERTY	7,348
COMMLINITY RESPONSE KITCHEN	THE RELIEFOF POVERTY	6,461
HARWICH FOOD BANK	THE RELIEFOF POVERTY	270
CLACTON FOOD BANK	THE RELIEFOF POVERTY	157
NHS	THE RELIEFOF SICKNESS	68
	Total grants toinsfitutions	14,304

			Freehold	land	Other land	&	Plant,		Fixtures,	Payments	on	Total
			8 buildings		buildings		machinery	and	fittings and	account	and
							motor vehicles		equipment	assets under
										construction
Balance brought									5,010			5,010
forward
Additions
Revaluations
Disposals
Transfers *
Balance carried									5,010			5,010
forward
9.2Accumulated		depreciation		and	impairment	provisions
		Basis	SLor	RB	SLor RB		SL		SL	SLor RB
		Rate					10%		33%
Balance brought									1,670			1,670
forward
Depreciation	charge								1,670			1,670
for year
Impairment	provisions
Revaluations
Disposals
Transfers*
Balance carried									3,340			3,340
forward
9.3Net book value
Brought forward									3,340			3,340
Carried forward									1,670			1,670

10.3 A breakdown of	10.3 A breakdown of	10.3 A breakdown of	the income	fro	m	investments	agreeing with SOFA ro	w S03.
Analysis ofinvestments								100	10.3
								Market value at	Income from
								year end	investments	for
									the year
									f
Investment	properties
Investments	listed on	a recognised		stock		exchange or held in common
investment	funds, open ended investment					companies,	unit trusts or other
collective investment		schemes
Investments	in subsidiary		or connected		undertakings		and companies
Securities	not listed on a		recognised	Stock Exchange
Cash held	as part ofthe investment			portfolio
Other investments
							Total

Note 11	Note 11	Debtors and prepayments	Debtors and prepayments	Debtors and prepayments
Please complete this		noteif the charity has any debtors			or	re a ments.
Analysis ofdebtors					Amounts within		falling due one year			Amounts more	falling due after than one year
					This year		Last		year	This year f		Last year
Trade debtors
Amounts due	from subsidiary			and associated
undertakings
Other debtors
Prepayments	and accrued		income
				Total
Note 12		Creditors and accruals
Please complete this		note	ifthe charity has any creditors		or	accruals.
12.1Analysis	ofcreditors
					Amounts		falling due			Amounts	falling due after
						within	one year			more	than	one year
					This year f		Last	year		This year		Last year
Loans and overdrafts
Trade creditors						2,605		2,600
Amounts due	to subsidiary		and associated
undertakings
Other creditors						553			1,314
Accruals and	deferred	income
				Total

				Fund					Fund
				balances					balances
				brought	Incoming	Outgoing		Gains and	carried
				forward	resources	resources	Transfers	losses	forward
Fund	names								E
		Total	Funds

Name	of	trustee	or	connected	party	Legal authority (eg order„ governing document)	Amounts paid or benefit value This year Last year

Name oftrustee or		Amount	owing
connected party	Legal authority	This year	Last year

elated party has a ma	terial interest.
Name ofthe trustee	Relationship to	Description ofthe			This year	Last year
or related party	charity	transaction(s)			E
Flying Trade Ltd	Harjit Singh Dulai is	Donations Received from			28,309	14,990
	Trustee ofWFA and	Flying Trade Ltd
	Director of Flying
	Trade Ltd
Flying Trade Ltd	Harjit Singh Dulai is	Goods &PPE purchased		at		1,944
	Trustee ofWFA and	cost price from Flying Trade
	Director of Flying	Ltd for resale and use at		WFA
	Trade Ltd	Charity shops
Flying Trade Group	Harjit Singh Dulai is	WFA rented commercial		units	11,597
PLC	Trustee ofWFA and	for charity shops from	Flying
	Director of Flying	Trade Group Plc at
	Trade Grou Plc	discounted market value		rate