MERTHYR CYNON FOODBANK Registered Charlty 1149296 FINANCIAL STAT . PERI D ENDED.. 30 SEPTEMBkR 2024 CONTENTS.. Page LegalandAdministralive infornwdo Tn4Stees'Ann&ulReporl Independeni Eramin¢r i Reporl Receipts and Payments AccoMlIt SiatemenÉ ofA.fsets ondLiubslilies
MERTHYR CYNON FOODBANK LEGAL ANDADMINISTRA TIYE INFOR.VA TI , STATUS Th¢ organisation was fom)ed and grallted clwitable statys on I l (ktober 2012 (clwity uumb¢r 1149296). Th¢ rhaTity is governed by ils ¢OllStitution which WAS adopted Ott 30 Ju]y 2011. TRUSTELS Th¢ board members servin8 during thc year and sin¢e the year ¢nd were as follows.. K M&%on M Linford S Dorricott PRINCIPAL ADDEIESS 5 Monmouth Drive Merihyr I'ydfil CF48 IJA INDEPENDENT EXAMINER Richard KDoyle ACA FCCA Baker Knoyle Accountancy Limited Oi'bit Ejiisiness Centre RliydYC Bubiness PArk M¢rthyr Tydfil CI,'48 1 DL BANKLRS HSBC 127.128 High Street Meriliyr Tydfil CF47 8DN Page I
MERTHYR CYNON FOODBANK TRUSTEES, ANwAI REPORT The trustees present th¢ir annual report together with th¢ financial statements of the charity for th¢ y¢ar cnded 30th Septernber 20?4. Legal and athniDistrBtiYe iDfortDation set out on page I forn part of this r¢wrt. AIMS AND OBJECTtVTS OF THE CHARITY oses and aim The Charity's objects ATe sp¢cificully to relieve those iti n¢ed by reason of You1. age, ill be<ts disability and fonC1al hardship in the M¢rthyr and Cynon Valley ar¢4 although this area nY b¢ ¢xt¢ttd¢d to th¢ 8djoining communities if necessary. To achieve this. we ¢ollabora¢c with Local AuthoriLic5, oth¢r8tatiitory services. voluntsry org8ni5alions and faith- based organisations. In furtherance of th¢ above. ¢0 supply boxes to b¢nefieiHrics, either directly or througb ag¢ll¢y partners approved by the TNste¢s. such boxes toconthin tinned amd tson-perigb8blc foods to ensure a heAlthy, balan¢ed and nutritio diet for a miiiimum of threc days and up to sev¢n days. I'he Charity is also '111]ng to undcnake any other aciiviiies consistent with the primary purpose of th¢ charity incliiding, but noi limit¢d to, Ihc provision of ¢ouns¢Uing and advisory services via r¢ferril agencies, partners signposted by our volun*¢r8. En rin ork liv We are continually revi¢win8 our ainu. objectives find a¢tiviti¢5 to ensure that we provide th¢ maximum ben¢fit$ possible to all of our cli¢nts. We nre rllways prepared io wnsider the provision of new s¢rvi¢es if we feel that they will improve the w¢lf8r¢ of our clients. In scttingour itms and obj¢cbves, we have referred io th¢guidance ntained in the ChArityCommis$ioD's genernl guidanc¢ on public benefii. In PArticular, Ihe tn ¢)SId¢r how planned activiiies will ¢ontribut¢ lo th¢ 4iins and objectives tbcy have sel. HOW OUR ACTJVITIES DEI.IVY.R PUBLIC BENEblT The TNstces are awarL" that the Charity has a respon$ibility under the Charitics Act to d¢monstrate Ilia¢ it has chari(Able aimy rhat meci Ihc public benefii requirement And are iherefor¢ cliariiable. Thc Trust¢¢5 confirni that they have had regard to thc Ch£lrity Comniission's 8uidan¢g on publiL benefil and comply with Sl 7 Charities Act 2011 when eoL%idcrin¥, planning and implementing th¢ aclivilie8 of the charity. As Tnw¢¢s, we b¢li¢v¢ thHt the ims of oiir or¥anisaliOn ar¢ clioritable 8nd for th¢ piiblir benefiL ACHIEVEMENTS AND PF.RFORLIIAI¥CE The year to 30.th SLptembcr 2024 has been a very busy one. Again, more &nd morc pcopl¢ arc falling into povertyi di1¢ maiuly to high inflation, rising prIS of e&s¢ntials and the highetr eost of encrgy ¢xpericnced over the period. We w¢r¢ fartuniJt¢ to see the compa55ion and supw)rt ofour commuiiitic5 in Ihc m¢rth and Cynon valley and grllt¢ftil for outstanding gener051ty of the local authoriiies. buslliesscs and public 5UPPOrtin8 their local food bank. The Foodbank ¢ontinue5 to be in a fllwlcially strong sItion. busine&8es. local aorIties, loeal ¢hurch¢s and individuals have again been most gelluous. Pa8e 2
MERIHYR CYNON FOODBANK Th¢ charity has & fidl time Fo(xlbank Cfyorditialor, part time Warehouse Assistatjt and a well-established administrlltiou t¢am so it is the of th¢ cbatity to eottiillue io use this foundation to expand and continue thc charity lIVI¢1¢S and olleviate so¢ial d¢privauon. DutiDg th¢ year 50 tonnes of food IS Ixen collected and 57 torJn¢8 dis¢ribuied total 7732 b¢neficiaries. fo date we have collected in excess of 494 tollnes of food and dislribut¢d in excess of488 tonn¢5 to a total of 61422 beneficiaries as at 30th September 2024. The donated food supplie5 given to the chariry Are ¢5s¢ntial to the ruTming of the core activity of the chaxity and the Trustees would like to expTes8 th¢ir thallks to each individual and organis8tioD who have made food and money con1ribution8. The Trustees Cannot pui a value ou th¢ total Ilonated food suppli¢s aud u 6uch have not ineluded any amoullts in these financial st&t¢ments. FINANCIAL RLVILW The charity has bcen sucLYs$fvl tEi Inointaining levels Ov th¢ last 12 months. The charity r¢eeiv¢d total funding of £91,703 in 2024 ¢ompared with £120,424 in the year to 30th S¢pl¢ber 2023. It is the aim of the ¢harity to continually source additional funthng ond will aim to incree fundin8 levels over the next 12 months. A ¢a$h deficit of £13,616 made in the y¢ar. 12023.. Siwjlus £35,169). It is the aim of the charity through ¢Arcful busittess management and budgeting by thc trus¢8 and the ongoing generosity of the public. to ¢orttinue to bc abl¢ lo build up r¢8erves of ih¢ organisation. Ar the 30th Sepi¢Dib¢r 2024 the l.'oodbAnk had £130,449 in the bhnk. Prin Soi Aside from th¢ income generai¢d by local churche5 and dOli0ft5, during the year to September 2024. the main funding s(>¢5 be found on the Receipts and Paym¢ni A¢wunt with the kitwicia] Stat¢ment8. Upoll reviewing the reserves policy. the $e$ decided ffs maintain 4 fin8ncial reserve, Approximately ¢quiv&lenl to the norm21, pl1Ctable OUl8oin8$ of 2 years. In 2024 that is approximal¢ly £150,000. The chority currcntly h#$ fr¢¢ res¢TY¢S of £127,067 whi¢h is A liitl¢ short of this thrg¢t. Th¢ rerY¢S policy docs also how¢v¢r, havg a cav¢At, thal if a pre55ing financial ne¢d arises within ihe chriiy. and th¢ charity has the abiliiy io m¢ei thi8 Out of Ihe res¢rv¢, then this should be done, in Hccordance with the aLIII$ And obj¢ctiv¢s of the charity. STEIUCTURE, GONTRNANCE AND MANAGEMENT Risk r vi Th¢ irugt¢¢s have conductrl a review of the major risks to which th¢ ¢lwity is expo8ed. Where &ppropriak. Sy5t¢m5 or pro¢¢dure5 have bccn est&blished to mitig8ie the risks the ¢hsrity faces. InternAI control ri%ks ar¢ minimi5¢d by procedures of authori5Atioo of tran5aciions #nd projects. PnKeduies are in place to ets5ur¢ ¢ompliance wilh heallli And safety of 5tatT, volunteers a[ eli¢nl5. At present, the tN5tee8 have identified thai the biggest risk tha¢ ihe organisa¢ioll fac&q is due to th¢ loss of income from various funders and from donations from members of the public. Stcps have already takett pla¢r to streamline the expendilure olthe charity, with no adverse ¢ffrKts orA the needs ofour users. It is essential t(Tr tlie ¢ontinuing fancial health ofthe organisation that any 'lost' funds arc able ID be replaced by ftncome from other sources. The Truste¢s are coniinually invests"8ating otlier m¢8ns of raising iThcome, anisution The method of appoinÉtn¢nl of trustees ts set out in the collstitutioo dated 3 July 2011. TheTe e currently thr¢¢ trn5tees involved in th¢ organisation. K. Mason. M Linford and S t)orricott. In our last Committee me¢ting however, we have asked other wembers to Yolwlteer to becom¢ tNstees. Page 3
MERTHYR CYNON FOODBANK PLAf4S FOR FiryURE PERIODS We are collliuually investl8ating pot¢ntia] new sources of iwome. We are also contillually tying lo identify any new $¢rvi¢es, consisteni with th¢ prirywy purpose of th¢ ¢h8rity that may be of benefit to the public in the County Borough of Merthyr Tydfil gnd Cynon Vallw aT. Approv¢dby order of the board of tru5tKs. Sign¢d onbehalf of the IM)ard: K. Mason - Trustee Daled.. Page 4
MERTHYR CYNON FOODBANK INdepertdenl exAMth¢r's rep&rt to rhe Trustees ofmerthyr Cynon Foodb4nk I report on tbe accounts of the Cljarity for the year ended 30th Sepmb¢r 2024, which are set out ou pages 6 aud 7. Responslbllliles bslSiS of1Ort AS the cl)arity's tn]stees you are responsil)l¢ for th¢ prwtion of the ae¢ounL8 in 8¢¢ordance with the requirements of the Charitics Act 2011 ('ttLC Art,). l Teporl in r¢sp¢¢t of my ¢xamination of th¢ charity's accounts carried out und¢r Section 145 of the A¢t and in ¢ATrying out my exam1ttion I have followed all the applicable Directioos given by thc awity Conunission under se¢tion 14515)(b} of the A¢t. Ind¢pendenl &IKer'S slalem¢fti I liave completed my examination. J collfimi that no maleria] matters hay¢ wm¢ to my attention in connection with the exllmination 8ivin8 m¢ ¢4US¢ to believe that in ony terIal respect: a¢couniin8 r¢¢ords were not k¢pt in speCt of the cb8rity as required by sectson IJO of th¢ A¢i,' or the &¢¢ounts do DOI accord with those rccoTds. the a¢¢oiints do not comply with th¢ 8pplicable requirem¢tsts ¢oncemin8 the forni and eout¢nt of accounts Set out in the Charitiey (Accounts and R¢ports) Regulaiions 2008 oih¢r th&n any rcquircment that the ounts giv¢ a tru¢ and fair vi¢w which is not a m8tt¢r ¢ollsidered as part of an indep¢nd¢n¢ examination. have no coiic¢m8 and hay¢ ¢om¢ across no other man¢rs in connection with the examination ty which 4tteiition should be drawn in this report on order to enable a pDJper understsnding of the accounts be reaeh¢4. Richard Knoyle ACA FCCA Baker Knoyle Accountancy Limid RG19 Orbit Busincss Centrc Rl)ydycar Business Park Merihyr Tydfil CF48 1 DL. Date......., P¥g¢ 5
MERTFtYR CYNON FOODBANK Cbarity Number". 1149296 Receipts and Payments Ac¢ouDI for the year ended 30th Septfmber 2024 Uortstriri¢d Restrlcted Fulld5 Totals 2013 2024 Reeelpts MAyors Appcal Merthyr Valley HortK5 VAMT ChIti¢5 Aid Foundatio Falcon Con81W¢tion Rthondda Cynoll raf Crnmiy Borough co¢11 Masonie Ch4ritsble T1 Mcrthyr Tydfii Cowity Borougb Coun¢il R¢tti8J Income Donations from Local Churches MDnthly Church DDNaiiou$ Pri.01¢ Donations & Fundrai5in8 Rorary Club M¢Tthyr Tydfil Trussell Tllt Winter Pa)on¢ftt EE Fundr&is¢r SLindry incom¢ 1sell Tesco Topup 7.941 4.996 10,f*X) lo.1) 13.271 850 10.148 10.148 7.020 2,522 1.850 48,167 7,020 2.522 1,8JO 48,167 5.579 3,263 1.750 42.168 5.000 13.000 4,018 9.084 Total Rectlpts 6C>,559 25.144 91,703 120,424 PAyJnent Wage9 Pension Ooverllance Cost Wa.O$e Expen Food$tuff Purchased Equipineni Purchased Christion C¢ntr¢ Ront & Expen8 Grntti Payments OthpT PaLettts 57.266 1,337 57266 1,337 53.737 4,810 3.903 23,6LXJ 8,713 23.6(M) 6,765 6.675 761 5,400 5,000 4,528 8,902 3,453 3,453 TotHI Payments 77.816 27,5Q3 10S.319 Net of Rerelpts 12,3591 35.169 Tran&ftr& botw¢¢n funds Ch fund$ bTought forw4rd Clsh thls ptrlod tnd 138,3?4 I27,7 5.741 3J82 144,IK55 130.449 108.896 144,065 P4e6
MERTHYR CYNON FOoDBAK CbaTity Nuth. 1149296 Statement of Assets and Liabilities fortheyfarended 30th Septetnber 2024 U•restrtete41 FuAdi Restrkt Fundj ToiAh 2024 2023 Caih Funds C4sh al bank Cash in hattd 130.149 31K) 130.149 300 143.765 3(K) Total CAsk Funds 130,449 J3O.449 144.065 OttLtr monet•ry sJÈts othdebtOrS Prepaymm Stock Total mollÈtAry Assets 720 473 29,998 31.191 720 473 16,756 17949 720 409 29,WB Jl,J27 Lhblud Pension Cr¢diior A¢¢ru818 260 795 1,055 849 849 Alstts retAlned r(&r the eharltyi own us Rotrkn¢d F#thds 2024 R¢itrltt¢d Fupd$ 2023 Cosi Cun¢thtV*lwt Cty#t Curretyt v1 Moior vehicle PrDperty 18.895 469 19.364 2,731 473.5(H 476.235 18,895 469 19J64 3,642 458.378 462,020 IL MHgOJI- Trustee Dated: P7