Company Registration Number: 08290270
Charity Registration Number: 1150870
SALFORD FOODBANK LTD (formerly Freedom Central (Manchester))
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
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Swimming
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calmer waters
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SALFORD FOODBANK LTD (fornierly Freedom Central Imanchester)) (A Company Limii¢d by GuaraNtee ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Page5 Report ofthe Trustce51Directors I to5 lrtdcpEndent Examiner'5 Report to the Trnsiee5 518ltm¢nt of Financbal AetlyltiSMlry Incoat and EX1 Attount B8lwnce Sheet Notes to (he FIAAn¢ig1 St#teme•ts 9tolS
Page I SALFORD FOODBANK LTD {formerly Freedom Cenlral (Manchester)) {A Company LiAbited by Guarantee) REPORT OF THE TRUSTEESIDIRECTORS FOR THE YEAR ENDED 31 MARCH 2021 The trustees present their report and unJudii¢d financial statements for the year etmled 31 March ?021. The finoTh¢Èal statement5 have been prepared in KcordaTbce with the accouniing rmilicies w oui in the notes io the accounts and comply with the charity's governing documents, the Chariiie5 Act 2011 and 'Accounting and Reporting by Charities: Siaiement of Recommended PracEice applicable to charities preparing their a¢c¢)unts in accordance wilh Financial Reporting &andard5 applicable in the UK and Rewblic of Ireland' Jmtblished itt October 2019. Trusttcs ol the Charlty The direaors of the charitable eompany are its IneeS ih¢ WTP05¢S of Charity taw. Details of ihe trusiees who have served during the ytar and Since the year end can be found on page 5. OWE5 AND ACTIVITIES The principal object of the charity is ih¢ reli¢f of financial hardship for the public benefit amongst people in Salford and the Surrounding area or in other parts of the United Kingdom in such way5 as Ihe tru51ees from time to Eime think fit, in particular. but not exclusively by.. a) providing emergency food. essential toiletries and household il¢ms to individua15 and families in need andlor for distribution by charilics or th organisations working to pzvent or relieve poverty- b) such other means including (bui noi limiied to) Ihe provision of support or signp)51ing to relevant infonnation and other advisory Services. We provide such services with a Chri51ian eiho¥ suppmed by thurclK5 in Salford. We akn work with Salford Collncil and other partne who are part of the Salford FIXAI Share Stsiernent of Ethos We believe in God in three person5: Ihe Father. who has made men and Worn in His Èmage. giving them ideniity and dignity: the Sw Jesus Chris4 WI came to Show God's love equally every peNin; and the Holy Spirit who enables men a1 won to reach their fvll God-given tentIal. We beli¢ve in ihe Bibl¢ as the inspired WOTd orG. and ourguide on all matters of doctrine and praetic We are commilted to serve our cownmunity withLwJt di5criminion of religkm, e. nY4lionality. culture. age or on any other ba515. 4. We do no¢ r¢quir¢ any of ourclients ¢0 atTirni or Lssent to any of the above Eth05 Sia¢em¢nL Th¢ trusttt5 regularly review th¢ obj¢¢tiwes and activitie5 of the clwity a5 part of this review. have considered ihe Charity Commission's general guidance on public bener ACHJEVEMENTSAND PERFORMANCE The charity's malt) a¢iivity in the year under review has been the continued Provision ofemergenty food parcels through Salford Foodbank. The foodbank is pan of The TTU55ell TnJ5t natioThal neNiorL and has been distributing food in the area 5inre 201? The main focus for ?o?or21 was io estsblish a new war¢hous¢ and heath4uarters. as well as build a new disiribulion netwod(. Thi¥ involved the 0&ing of the warehouse and offices ai Kansas Avenu¢ during the beginning5 or the pandemic aThd setting up of several new distribu11 c¢ntres ty distrille f)d ceL4 th clien¢& During th¢ y¢ar. activity has included.. Coniinued incr¢a5e in (kniations of fwd io meet sustained demand for fwl parce15 {6.170 clients fed in 2020121 compar¢d to 5,500 clients fed in 2019no). Maintaining volunlcer and supporter ntsmbets io enable the xtivity ofthe foTrabank.
Page 2 SALFORD FOODBANK LTD (formerty Freedom C¢nlrnl (Manchester)) (A CoAbPAny Lithlted by Gujrnntee) REPORT OF THE TRuSTEESIDIREoRs FOR THE YEAR ENDED 31 MARCH 2021 Engaging with local businesses for supp>rL FTOM mid-march 2020. radicalty changing the charity's operdling Model io meet ihe challenges of Covid-19 {including the closure of our dismtiOn cenires ¥nd introthKing home deliveries to reath those in need). The charity ha5 a large cohon of volunieets who give their lime freety io provide the following services within Salford Foodbank: Helping at food collection4 tranSrtIng food ¢0 wawehouse and disMtiOn ¢entre& Managing the foodbank wareho. Serving foodbank clienL4, providing advice and supp)rt. Providing a hc#ne delivery service following the closur¢ of the distribulion centres in March 2020. For the year under review. the trusie¢s have been provided with the following estima*s: Estimaied total volunteer nurnber5 Esiimated voluThieer houts PEr year 75 (?0?0-. 75) (2020: I.0) The trustees and employees of Salford Foodbank Ltd acknowledge their coniinuirtg IndeedneSS 10 ihe volunittrs for their elTorts on bchalf of the charity- Saiford F(KKlbank would nim exill and could tmlt 0rate wiihout their hard work and commi¢m¢nl. The irustees are also grnteful to ihe many individu415 and bu5itKS5es who have collected and donaled food during the year. Siock ai the beginning of ih¢ year totalled 9.416kg, and r(M)d totalling 81.0(Mlkg was donated during th¢ year. 76.OOOkg were distribured in emergency food pareels. 17.8?5kg of f remained irt stork at the yfdr end. and ihe truSeS estimate the value of thi5 as being £31.194 (?020: £16.479) based on ihe Tru$5¢11 Tru 8greed pri¢e per kilogt7m of £1.75. The Iru51¢¢5 would also like io extend a big 'ThaAk You. for the ongoing finwcial 5UPWJrt from funders and regular supponers 10 the WOTk ofsalford Focdbank, including: Christ Central M4mchester Forever Martchesler Trussell Trnst National Lottery Sallord CVS The B(K)th Tharities Salix Homes Teseo. Sain5bury. Morrisons. B&M Manchester Uniied and Manche5¢er City FOball clubs. FINANCIAL REVIEW The charity's ioial income for the year was £334.847 (?019no.. £?05210k senerdted from grnnts, donalion$ and fundrdising. The ioial resourees expended were £208.389 (?019120- £158.105) and represenied the e05ts incurred to enable the charity to cary oui its operati(Jn5. The charity made a surplus for the year of £l?6.458. compared with a surplus or £47,105 in the wevious year. due io J Signific1 and welcome surge of fitw)cia5 suppon from the local community and an increase in donation5 as a resuli of ihe pandemic in March 20?0. Reserves at the end of the year totalled £180 ?74 (?0?0: £53,816) of which Q2.843 £S.000) were restriaed and £157,431 (2020: £48,816) were unresEricied. Investment Polky The 1rus¢ce5 have power io invest any money not immediately required for the further of the charity's objects in or upon such investsnen securiiies (including th¢ making of loans) or woperty as may be thought fil subject to such ¢ldi110n5 {if any) and swh consent (if any) as may from lime to time be irnwsed CY rrquir¢d by Iww.
Page 3 SALFORD FOODBANK LTD (fornerly Freedom Central (Manehester)) (A Company L¢ThSled by Gusrnnlee) REPORT OF THE TRUSTEESIDIREcfoRS FOR THE YEAR ENDED 31 MARCH 2021 Reserve5 Policy To ensure ihe 5usiainability of the charity'5 mi55ion and ongoins operdtion4 the iru5tees consider it appropriate to hold unre51riCted reserves equivalent io ai least six months. OWling exr*nditure (excluding donated gootts) io provide an iniernal sourF¢ of funds for situalion5 such as a 5uthJen increase in expense5, one-iime unbUdged expenses. urtaniicipaied loss of fundin8, or uninsured 1055e5. At 31 March 20?1. the dwity iotal unre5tricied reserves of £157,531 of which £150,044 were held in cash. Thi5 represents in exc of two year5. operaling expendityT¢ and, accordingly, the tSleeS ore pleased to report that the charity's re5¢ry¢5 p)licy has been meL STRUCTURL GOVERNANCE AND MANAGEMEKr Governlng Document The organisation 15 a Charlble company. litnii¢d by guaMle4 Incorpled in Ensland attd Wale5. It is governed by its MeTnofdndum and Articles of Association dated 12 Noyember 201? {as updated on 20 Feary ?021) and was regisiered with the Chariry Commission with effect from 18 February 2013. In the event of the company being wound up. members are required io coniribyt¢ un am(wnt not exceeding £10. Appointrnewl of Tnte¢S New trustees are apirtd the recomfflendaiion of exixing trUS¢ttmeMber& There is a required minimum of thre¢ Irusiees bts¢ no maximum number. Tr51¢¢5, Indwction TrainiAg TrUe£S ar¢ already familiar wilh the work of the charity as they include volunteers who have been involved from the beginning. The truslee5 have inductiort predre5 to enswe new trusitts understand their mles and obligations. As part of these prOcere5. trusttts are also encouraged to ¥llend approptiaie external trainirtg events or lo acc¢s5 online materials to faciliiate ihe undertaking of their Tole5. Through receni appointsnents. we are seeking to diversify the Board io include those ivho have the skills lo improve governance and fundraisin& including sirengthening corporate conneclions. OrgAnls#tio Th¢ management and adminimrdtion of the eharity 15 under the ¢(1r01 of ihc tru51ee5 who meei ai lea51 four times per year. Day lo day operational matter5 are del¢gated to the manager of the rdbartL Some Extraordinary Meeiin85 will take place lo di5CUSS 8ov¢rnon¢e needs and matters more urgeni. Rbk Managem¢¢ The trustees have examined the muior 5trnlegio businw and opeMional risks which the charity faces and have sy&¢ms in place lo moniior those risks io take acti where necessary io mi¢igate them. PLANS FOR FUTURE PERIODS The charity's focus for ihe forthcoming perityj rnain5 rxirnarily on the Saiford Fk. Plans include: WoTking wilh new church parniers. charitie5. f0rd Council and the Salford Food Share Network 10 open an additional distribution cenire in WHlkd¢n- ensuring most weekdays have somewhere for people to acces5 ernergency parcel Continued partnership workirtg ihrough th¢ Food Share Nenvotk. Further 5i8npostin81sUPPOrt (debi advice and benefits Su) to ensure maximum benefil is received by service us¢rs. Further d¢velownent of Fo(d Gift Box nehyiyk extend the nurnber orfo(wJ colleeiion points aroutxl Salford.
P*ge 4 SALFORD FOODBANK LTD (formerly Freedom Central IM2nchester)) (A CompaDy Llm5ted by Grantee) REPORT OF THE TRuSTEESIDIREoRs FOR THE YEAR ENDED 31 TrIARCH 2021 The ear in ictures IWL During 2020121 we gave out over 52,000 meals, feeding 6,170 people in Salford Our Box on the Docks campaign in Media City Inside our new warehouse at Kansas Avenue. One of our successful Food Gift Box collection points in Salford
PAge S SALFORD FOODBANK LTD (fornierly Freedom Central {Man¢hester)) (A Compjny LIMI¢ by GuaraTrtee} REPORT OF THE TRUSTEFSIDIREcfoRS FOR THE YEAR ENDED 31 MARCH 2021 REFERENCE AND ADMINISTRATIVE INFORMATION Charlty N#me: Salford Fo(Ktbank Ltd- name changed from Freedom Central (Manchester) on l? Sepiember 20 Compllny Regtsir4tkJn Number. 090?70 (&]gland Wales) Charliy Reglstr#tion Nurnb¢r: 1150870 Djte ofin¢orpoTlItion: l? November?01? Prlnclpal #nd Regis¢er¢d 0e. 4 Kansas Avenue Salford M50 2GL Dir¢ctor5 and Tru5tces: MTS. Naomi WhitsThan {resiBned 15 Seplember2070) Mr. Peter Clegg M. Tina Kipp Mf. Thom&s Kinsey (resig1d IJ Apfil 21) Dr. A. Paul Mould (rc5igned 17 March 20?] > Caplain AllaIr Feakin (appointtd 7 July ?O?O) Mrs. Tracy Roberts (appointed 5 Au8USt ?020, resigned ?5 March ?021) Mrs. Mojeleh Sokimanabadi {appointrd 18 2021. resigned 2 November ?0? l) MT. J. Anthony Wood [aP11¢d 18 March ?021) Mf. Ku)neth Brown {apiDj 7 May 2021) MT. Joshua J. Kzpp (app)inied 15 November2021) Company Secretary: DT. A. Paul Mould (resigned 25 November 2020) Mrs. Tracy Robens (appoinied 25 Nov¢nJb¢r ?O?O, resigned ?5 March 2021) Mr. J. Authony Wood (appoinied ?5 2021) Salford Foodbank M4nag¢r: Mr. lain Wight Independent ExAminer. Mr. J. L¢er FCA Bain¢s Jewitt Lirniied Chartered Accountants Baryington House 4145 Yarm Lan¢ siockion4mTCcS TS18 3EA Bankers: Barclay5 Bank pic 145 Chorlty Road Swintijn Manchey¢r M274AE ApprDv81 This report was approved by the tru¢S1d1reC1Ots on .... and signed on their behalf by: 071......12021 Captain k F¢4kln TTllStee
Page 6 INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF SALFORD FOODBANK LTD (fornierty Freedom Cenlral (Manehester)) {A comnY LAmited by Grnle¢) I reporl to the charity tyU51ees on my exami[1]un of the accounts of the company for the year ended 31 March 2021 which are $¢1 out on pages 7 10 15. Responsibilities and Ba515 of Report As the charity trustees of the company (and also its directors fof the WTP05es of company law) you are responsTble for the preparation of the accounts in accordance with the requirements of the Companies Aci 2(K16 ('the ?006 Ad.). Having saiisfied myself that the accounts of iht company ¥e not rewired io be audiied under Pdrf 16 ofthe 2006 Act and are eltgible for indEpendenl examination. I rewi in r£sl of my exaThination of your company'5 accounts Caled out under section 145 of the Charities Act 2011 ('the ?01 l A¢t'). In ¢8rrying out my examination I have followed the Directions given by the Charity Commission under Sli0ft 145(5Xb) of the ?01 l ACL Independent Ex8mlner'5 StieJnent Since the company's gross income exeeeded £250.(KM. your examiner IK a member of a body listed in section 145 of the ?01 l Aci. I confirni that l am qualified io undertake ihe examitwtion because l am a member of ihe Instiiute of Chartered Accouniants in England and Wale5. which is one of ihe li5tcd b(Klies. I have completed my examination. confinn no maK¢T5 have come to my allention in conneciion with the examina(ion giving me Cause to believe thai in any material ff5(L accouniing records were noi kept in respect of the company as required by section 386 of the 2006 A¢1: th¢ accounts th) not accord with those record5: or the 4ccounts do noi comply with the aceiwniing requiremenis of seciion 396 of the ?0( Aa oiher than any requir¢m¢nt thai the accounts give a'trne and fair view. which is not a matter CLM15id¢rcd a5 part of an independent examiall0- or accounts have been ppared ith acconlance with the method5 principles of the Statement of Recommended Praciice for accounting aod repK(ting by charities applicabk lo charities preparing iheir accounts in accardance with the Financial Repming Stsndard atplicable in the UK and Rewbli¢ of Ireland (FRS 102). I have tjo eonc¢m5 and have come across no her matter5 in coThnefflion wilh the examinalKTrn to which allention should be drawn in this report in order lo enable a proper yndeTSianding of the accounts to be readKd. Mr. J. Le51er FCA Baithes Jewi¢t Limlted Chartered Atcountlnts Barrington Howse 4145 Y8rm Lane Stockton-on-Tee5 T518 3EA DAted: .Il.L¥omkpr...ao.a I JtJAJD
Page 7 SALFORD FOODBANK LTD (fornierly Freedom Central Imanchester)) (A Company Lamiltd by Gurnntte) STATEMENf OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021 (imtludlnE Income nd Exptndi¢ure Account) UNre5tricted Funds 2021 2020 Rtstrkted 2•21 Totsl Find5 2021 2020 2020 INCOME Grmts thnd donations FundTOi5ing 2clivitics Infvcs¢mt incornc 83.936 9J39 16U 111.935 334J05 195,871 9.339 42 42 TOTAL JNCOME 17U47 93275 162.IIiKI 111.93J 33U47 205,210 EXPENDITURE Rllising fund$ Charithble iivilies 828 157.277 64332 50J42 J44157 IIA935 20&389 TOTAL EXPENDtTURE 64232 51.170 IX157 I935 20&389 158.105 Nrt In¢vrnt for the yewr IW15 17J43 126A58 47.105 RtcoThtiliation of funds: Total funds broughi fon¥ard 14 48J16 711 53116 6.711 Totsl Funds Carried Fornrd 14 157.431 4&816 180.274 53,816 The sMent of Financial Activities includes all gains and1055e5 recognised ITh the year. All incoming resijurccs ond resources cxperthi derive fmm continuing activilie The notes pages 9 to 14 forni part of these financial swements
Pthge 8 SALFORD FOODBANK LTD (fonncrly Freedom Central (Manehester)) (A Company Li•(ed by Gugrnlltee) {Comp4Ay Registr•lioTr Numbtr: 0829W270} BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Nvle5 FIXED ASSETS Tarbgible as5els io 3176 62?1 CURRENT ASSETS Deb(ors Cash ai bank lJ57 50.837 172187 179,126 52J94 CURRENT LIABILITIES Creditor5: Amounts falling the wiihin on¢ y 12 {2,728) {4.799) NET CURRENT ASSETS 176J98 47.595 ASSETS 18OJ74 53.816 Fuf4D BALANCES Unresiricled fuThJs Restricted funds 13&14 157,431 48,816 180274 53,816 The trustees are sl5r1ed ihai the chariiable eompany is en¢itled io exempiion fr(Hn audi¢ under Section 477 of the Companie5 Act 2006 for ihe year ertded 31 March ?021. The members have noi requiffd th¢ charithble company to obthin an audii of its financial slulements for the year ended 31 March 20? l in acc(Kdfj¢ wilh &ction 476 of the Companies Aa 2(rf)6. The tN5tees acknowledBe th¢ir rpoNSibl1111es for. enswing that ihe charilabl¢ rompany keeps accounting ret(ffts which eomply with Sections 386 and 387 of the Companies Act 2006, and (li) prepartng financial sratem¢nts which give a true and fair view ofthe stste of #(fair5 of ihe charitable company as at the end of each financial wi(Kl and of its profit or loss for ea¢h finaD¢ial period in xcordance wilh the requirements of Sections 394 artd 395. and which otherwise cotnply with the requiTements of ihe Companies Act 2[ re]ing to financial Matements, 50 far a5 applicable 10 the charitpbl¢ wrnpany. These financial statements have been prepared in accordance with th¢ 5perral provisions of Part 15 of the CompanTres Act 2006 relaiing io small eompmie5. Approved by the direthJr5 and ...... o?IiZ12021 . and signed on their behalf by: Captain A Feakin Trmstee The noies on page5 9 to 14 fiffii part of these financiul statements
Page 9 SALFORD FOODBANK LTD (fornerly Freedom Central (Manehester)) (A CompAny Limlted by GugT4Dtee) NOTES TO THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31 MARCH 21J21 ACCOUNTING POLICI&S (a) BA5is of Preparation Salford Fo(4Jbank L¢d is a private company limited by 8uardne registered in England. In ihe event of the chariry being wound tsp. the liability in re¥ct of the 8th8fdntee is limited to £10 per member of thc charity. The address ofthe regimered offiee 15 given in the chariry infornJaLion on page 5 of these financial statements. The nature of the charity's OFallonS and wincipal attiviiies are the operdtion of Salford Foodbank. The charity consiilut¢5 a public benefii eniity as defined by FRS 102. The financial 5talements havc b¢en prepared in accordance with 'Accounting and Reporting by Charilie5: Statement of Recommended Praciice applicable to chariti¢5 preparing their accounts in accordance with ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).. issued in O£iober ?019. the Financial Reporting Stsndard applicable in the Unitrd Kin8dom and Republic of Ireland (FRS 102). the Charities Act 2011, the Companies Act 2006 and UK Generdlly AcceOed AccounlinB Prauice. The financial sMements are on a going concern bLqis under the hisiorica] c05t convention. The rinancial siaiements are presenied in pounds sterling which is thE fundional currency ofthe charily and rounded lo the neare p0d. The significani a¢¢ounting licieS applied in the prtparniion of these financial Matements are set oui below. These polici¢s have been consicllY applied io all yeArs presenied unks5 otherwise stsied. (b) Ineume Recognitiun All income is recognised once ihe charity ha5 eniiilement io it0M there is suffKient certainty of receipi and it is probable that th¢ in¢ome will be receive4 and the amowii of income can be measured reliably. Grants 8nd DonAtios Where donors Specify th grdnts or dlionS be used in a future accouniing period. th¢ inwmc is deferred until ihose periods; Where donors imp05e conditions which have io fulfilled before the charity becomes entitled ¢0 us¢ Such income. the in¢ome is deferred until ihe period in which the EKe-c¢Jndition5 are mei. Where donors specify thal grants or Ilonations are for a particular restricted pUrFe, which does nol amount io PTe•condiiion5 regarding entit]emenL the income is included in inc(¥ning re5mie5 Within restrieied funds when received. Gift5 in kind donated for di5triiwtion are included & ValtrlON and recognised as incDme wh¢n they are distributed. Donaied services are incllrded at the valve io the charity where thi5 can be quantified and a third pty 15 bearing the co. Nu amounts are incluthd in the fin2neial 51alements for services thnalcd by voluntee. (c) Resources Expended Resource5 expended are reeogni5ed in ihe Statemeni of Financial Activities on an accruals b&sis, inclusive of VAT. Individual costs arr allocated b¢een the various headings in the Staiement of Finanrial Artiviii¢S by reference io their underlying naiure the rea50n for which ihose cos15 were incurred. on an estimated centage basis.
ge lil SALFORD FOODBANK LTD {fornierly Freedom Centrnl (Manchester)) {A Compny Limited by Guran¢ee) NOTES TO THE FINANCIAL ATEmEWrS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POLICIES {ConilAuedl {d) UNre5trictcd ad Restricted Funds Unrestricted fund5 comprise income received or gen¢ra¢ed by reference to the general Objec of th¢ charity without fvrther specified purF)se. Such fth nbly lWev be designated by the mtsttts for specific PUTpose5 from time to time. R¢stri¢ied funds are those dted for a specified purp)se as laid down by the donor or as th¢ result of a specific appeal or application. Such fijnds are kept separdie from the UTwe51ricted fund5 of ihe charity and only relaied expendilur¢ 15 charged agai1 them. {e) Tanglble Fixed A55e15 Depreci•tioTr Tan8tle fixed assets are capitslised and &preciad so as io wriie off th¢ wst of assets over their estimated useful life at a rate of ?IPA per ¥nnum (furniture al equitAneni) and 25% per annwn (molor vehicle5). each on the reducing balance basis. {Q Debtor5 Trade and oiher d¢bioT5 are recognised ai the settlement amount due after any irade di5counl otfered. Prepaym¢nts ar¢ valued at ihe amount prepaid nei of any di5tounts du Ig) C4sh at Bank and im HaTrd Cash at bank Aod cash in hand includes cash and 5hort4¢Dn highly liquid investments with a Short moturiEy of Ihree months or less from the dc of acquisition orowiing ofthe dep05il or similar accounL (h) Credltors ad Provisions Crediiory and provi5ion5 are recognised where the charity has a present rljligation re5uliing from a past event thai will probably rUl¢ in ihe iransfer of io a third party and the atnouni due to setsle ihe obligalion can be measured or estimated reliably. Crediiors aThl proYisÈons are nmally recognised at their settlemeni amount after allowing for any irad¢ discounts due. {1) Operating tAse5 Renthls under oming leases are charged a Strdight line basis over the lease tenn. ti) Rodundancy PgyTh¢nts Redundoncy payments are amounts payabk due w changes in the operation of ihe charity as a resuli of decision5 made by the irustees. Stotutory r¢dundancy payments are included in the Statemtht of Financial Activiiies on an accruals b&£is. (k) GDlng Coneer The financial 51atements have been pr¢parcd on a going basis as the inleeS believe ihai no material uncertainties exisL The Irusiees have consid¢r¢d the level of funds held and the expecied level of income and expenditure for 12 months from auih0ri5ing th¢5¢ financial siaiements. The budgded income and expenditu is suITicieni With the level of Teserves for the charity lo b¢ th io continue as a going concern.
Pagell SALFORD FOODBANK LTD (fomerty Freedom Central Imanehester)) (A conY Li#bited bYGtte) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 MARCH 2020 LEGALSTATUSOFTHE CHARITY The charity Ès a tompany limited by guamLee arK1 has no thaTe capitsl. The liability of ewh member in the event of winding up is limited io £10. GRANTS AND DONATIONS Utyr¢Mrlrted FwAds 2021 Restrltted Fu•ds 21121 2020 Total Fund5 2021 2020 Gifis in kit*l OihLr gifts do¢i4liLV Grnrn5 84.951 133.000 124,789 771116 84,951 65,276 45,644 124789 4WI16 65276 16.984 83.936 162.1 111.935 195,871 Gifts in kind comprise food reeeived for distrilyjilc via Foodbank. The frxKI is valued based on the weight of fc di5tribuied ai an avernge valu¢ or£i.75 (2020: £1.75) per kilogrdm. Al the year ¢nd rd stocks with an average value of £31.194 (2172fr. £16,479) were available for distriburion. The rharity b¢n¢fits greatly from the involvemeni and enthusia5tir support of its many volunLeeis. details of which are in thc Report of the DireCtorfee lrt accordance with Chariiie5 SORP (FRS 102). th¢ ¢¢onomi¢ contribuiion of g¢n¢Trl volunteers is noi recwised within ihe aecounl& Fuf4DRAISING A]VITIF5 2020 Fundrnisin&y events 9.339 EXPENDITURE ON CHARITABLE AcfiviTIES See page 15. NET If4COMING RESOURCES FOR THE YEAR This is stated aft¢rdwginB'. Depreciaibon Loss on disposal orrixed os5ets Renials under opernting letses Independeni Examiner's and her accountancy fees: external scruliny other costs (including und¢r-provision re wtoryear £nil (2020: L530)) 2021 2020 970 3,621 1,807 1,831 48 407 1,800 600 1,800 1,130
P#ge 12 SALFORD FOODBANK LTD (fornierly Freedom Central (Manche5¢er)) IA Company Liwbited by Gu•rnntee) NOTES TO THE FINANCtAL sfATEMEwrs FOR THE YEAR ENDED 31 MARCH 2021 AFFCOSTS AND NUMBERS 2021 2020 Gr05s salary Employer's national insurance costs Employer's pension coniribulions (nole 8) Deaih in service cover 2&4115 34,799 71 1,500 108 28,476 36.407 7,350 RedUndll costs 28,476 43.757 The employed three member5 of during the year (2020: nvol Total remuneration paid in res of Key managent Personnel during lh¢ year was £10.514 (2020: £24,3). PENSION cosrs The pension costs of £71 (?0. £IJOO) in the year rqyre5eni paymenLS io g defined contrillion pension scheme for one ofthe charity's ernployces. TAXATION As a registered eharity. Salford Foodbank Lid 15 ¢KemN fwm thx on its income under secti 505 of the Taxes Act 1988 provided that such income 15 applied f(Y chariiable PufjX only. 10. TANCIBLE FIXED ASSETS Furnitwre#nd Equipment lolor Vehicle Totsl C05t At l April 2020 Additions Disposals 6.573 7,900 14A73 4I46 (14.473) {6J73) (7,9)0) Ai 31 March 2021 4J46 Aceurnulated Depre¢iallo At l ApTiI ?O?O Charge for the y¢ar Eliminated on disposal 3.685 970 {3.685) 4567 8252 970 {8352) {4.567) At 31 March ?021 970 970 Nel Book Value Ai 31 March 20 3J33 6,221 At 31 March ?021 3076 3876 There were no capithl expendilure cornmilments at JI Marth 2021. I I. DEBTORS AND PREPAYMENTS 2021 2020 Taxation recoverable on gift aid donalions Other debiors Prepaymettts 2,939 437 3267 1.120 1.557
Pog¢ 13 SALFORD FOODBANK LTD (fonncrly Freedom C¢Dtral (Manchesttr)) (A Comp#rty tArniteil by Grantee) NOTFS TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 12. CREDITORS AND ACCRUALS: A*ou#ts fsllipg due within one yegr 2011 2020 Trkde credilor5 and accruals Taxation and social s¢CUrity 2,728 4,456 343 2,728 4,799 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS UDrtrICted Re5trieted Tot•1 TBngible fixed a55ets Cash at bank Other net CUTreni assets 3.876 ISO.044 3Jll 3,876 172,887 3Jll 22,843 IS7,431 22.843 180274 14. ATEMENT OF FUNDS A5At 1.4aO AsAt 31J.21 2021 Intome Exptnditurt Unrestricted fund5 48.816 172,847 (64,232) I.431 R¢strided funds- Doftatiotts irt kind: food Staff costs Food repleni5hmeni Van running costs I33,10 {133,000) (5,0(K)) (4J14) (Iw) 26.INIO 3,000 21,686 1.157 Tal restrithed fund5 162.Ih)O (144,157) 22043 Tolal Fullds 53.816 334J47 (208J89) 180,274 AsAt 1.4.19 AsAt 31JaO 2020 Ine•me Exp¢odl¢ur¢ Unremricled funds 6.711 151,170) 48,816 Restri¢ted funds: Donations in kind: fOj aff cost5 Food replenishment Van running costs Core costs 84.951 21,784 1.3fM) 3.OCKI 9(K) (84,951) (16.764) (1.300) (3.OOD) (900) To1 re5tricied funds 111,935 (106.935) Tolal Funds ?05,210 (158.105) 53,816
Page 14 SALFORD FOODBANK LTD (formerly Freedom Central (Manchester)) (A Company Limlted by GraNtee) NOTES TO THE FINAIYCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 14. STATEMENT OF FUNDS (Conthued) Restricted Funds Doaryotious in kind."food- the charity operales SalfLKd Foodbank. distributing emergency food parcels. donaiions or food valued at £133.000 wer¢ disiribuied during the year those in ttisi5 in Salford. ulf cosLT- grart iotalling £5.1)00 brought forward from ihe e¥loUSYear were hlly ulilised in the year. Food repliiishni¢nl - grants totalling £26.CWXI w¢re re¢¢ived in the year ioward5 Ihe replenishm¢nt of food Stks. Du¢ ¢0 generous food donaiions. only £4J14 of thi5 was utili5 in the year with a bdknc¢ of L?1.686 being carried forward. YfjD- a grani of £3.0(Xl was received in the year to fund the rnnning costs ofthe ¢harity'S van. Costs totalling £1,843 have been all(ated against this fwid with the balance being corried forward io use against rnnning costs incurrcd for a n¢w van puhsed in April ?O?l. Core costs - lasi year, a grant of £9(Kl was awarded. lmartlY io fund 5tsff costs and food replenishment costs. Appropriate costs wcre allocated to this fuThJ year. 15. RELATED PARTY TRANsAl0s During lh¢ year undeT review. tn(Ce$ and other related partie5 unre5triaed gifts io ihe chority iclI1ng £240 {?020.' £1500). No directorilTUStee received remuneration from or was reimiwtsed exFn5es by the Charity in the year under review. O(her than as r¢fetted io obove. there were no other Yelaied party trdn5adion5 rewiring disclosure within ihese accounts.
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