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, AN￿wAI 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 You￿1. age, ill be&ltts disability and
f￿onC1al hardship in the M¢rthyr and Cynon Valley ar¢4 although this area n￿Y 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 prI￿S 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 a￿￿orIties, 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 I￿S 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$fvl tEi Inointaining levels Ov￿ th¢ last 12 months. The charity r¢eeiv¢d total funding
of £91,703 in 2024 ¢ompared with £120,424 in the year to 30th S¢pl¢￿ber 2023. It is the aim of the ¢harity to
continually source additional funthng ond will aim to incre￿e fundin8 levels over the next 12 months. A ¢a$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 dO￿li0ft5, 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, pl￿1Ctable 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¢ re￿rY¢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 f￿ancial 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 Sep*mb¢r 2024, which are set out ou pages 6 aud 7.
Responslbllliles bslSiS of1￿Ort
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 exam1t￿tion 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 Limi*d
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
Ch￿Iti¢5 Aid Foundatio
Falcon Con81W¢tion
Rthondda Cynoll raf Crnmiy Borough co￿¢11
Masonie Ch4ritsble T￿￿1
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 Tll￿t Winter Pa)on¢ftt
EE Fundr&is¢r
SLindry incom¢
1￿￿sell 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 Pa￿Lettts
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
C￿h 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 FOoDBA￿K
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
oth￿debtOrS
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
Ro*trkn¢d F#thds
2024
R¢itrltt¢d Fupd$
2023
Cosi
Cun¢thtV*lwt
Cty#t
Curretyt v￿￿1
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:
P￿7