**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**
**----- Start of picture text -----**
Swimming
against the tide?
We will help you find
calmer waters
**----- End of picture text -----**
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 di5crimin*ion 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 St*ieJnent
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 Gu*rnntte)
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 s*Ment 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 8uardn*e 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 DonAtio*s
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 Comp*ny Limited by Gu*ran¢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 &precia*d 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 repl*iiishni¢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 exF*n5es 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.
Page 15
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