2024-03-31-accounts

WAVENEY FOODBANK (a company limited by guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE 12 MONTHS ENDED 31 MARCH 2024 CONTENTS Page Company l.nforniation Report of the Directors Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes to the Financial Statements

(a company limited by guarantee) COMPANY INFORMATION Company Number 082833 16 Charity Number 1151679 Registered Office Unit 9B. Fortress Close Brome Airfield Jndustrial Estste Brome Eye, IP23 7HN DIT￿t0[8 Mrs. Gina Col¢ (Chair) Mrs. Samantha Davidson Mrs. Caroline Blacker (Resigned 3 July 2023) Mrs, Kamena Dorling Mrs. Gilltan Mar￿ret Frosti¢k Mr. Kevin Gumi Rev Eleanor Goodison Nlr Andrew Millward Mr. David Wells (Resi8ned 14 September 2023) Treasurer MT. Anthew Millward Bankers Lloyds Bank Diss PO Box 1000 Andover. BXI I LT Independent ExaEniner Mr. Graham Sidle Five Gables The Ling Wortham IP22 1ST

AVENEY DBAM( (a Company limited by guarantee) REPORT OF THE DIRECT RS The directOTS submit their report and the financial ststements for the 12 months end￿ 31 March 2024. The comFAny is governd by its Memorandum & Arn'cles of Association dated l November 2012, is limited by guarante¢. does not have a share fAPital and is registered as a Charity. Objeetivei and Aclivities The principal object of the charity is to Telieve persons in the United Kingdorn and else%there in the world who are in LN)nditions of need, hardship or distress. Currently the principal activity to achieve this is to Continue to assist with the provision of food parcels to those in need in Diss. Eye. Stanton, Harleston, Long Strat10￿ Bungay, Be￿I￿s. Halesworth, and the local Are& By means of both co￿peratIon with Cits'zens Advice BuTeau. local doctors. s(Kial workers and other agenci&8. the ￿￿￿ty can identify those in need. Food itsms are donated by the public and businesses and sorted by volunteers at the charity's rented warehouse ready for distnbution at various local wllection points. The charity also supplies food to lunch and school breakfast clubs. Reiults •nd stste of alTai Th¢ financial statements set out on pages 6 and 9 show the rasults for the 12 months ended 31 March 2024 and refle¢t the state of th¢ company's affaits at that dat¢. These figures have been produc•J on an inwm¢ and expenditure b&sis. Direetors Under the CA)mpany's articles there can be an unlimited number of directors appointed with a mjnimum of The dir￿torS at the dats of signing this report are statd on page 2. Adopied policle8 The dire¢tQTS have ￿nSIdered appropriate risks. The charity is aware of the need to manage health and safety issue5 Within its warehouse and distribution centres for the protection of its volunteers and those receiving the provisions. The charity has appropriate systems in place to manage these risks and has suitsble insurnnce policies. Cash investments are held in deposit and Current accounts at Lloyds bank

AVENEY FO DBANK (a company limited by guarantee) ntin The diTectors have considered the amount of reserves needed to maintsin its operations. It is consider&J that a sum L¥4ual to six months expenditure is a prudent level. On this b￿15, based on the annual expenditure bud8eL a sum of £IOO.000 is considerol appropriate. The charity is in a reasonably strong wsition financially with increased cash r￿erVeS to rneet not just existing needs but also the extra demands presented by the ecA)nomi¢ Climate. A stiate8i¢ plan has been approved by the tTUStees for the next three y¢ar3 within which our c&8h reserves will be r￿uCed, In addition the acquisition of an additional warehouse which Allows the clwity to react positively to future nttds continues to require investrnent. which will wme from reserves. ststement of director•, responjibillties Comp4ny law rquires the directors lo prepaTe financial ststements for each financial year which give a true and fair view of the sts* of affairs of the company for that period. In preparing those financial statements the diF￿rS ar¢ r¢qUIr￿ to a) sel￿t suitable ￿￿unting poli¢i¢s and then apply them consistently b) Observe the methods and prin¢ipl¢s in th¢ Charities SORP c) Make judgements and estimat¢s that are reasonable and prudent d) Prepare the financial statements on the 80in8-conc¢rn basis unless it is inappropriate to presume that the company will ¢ontinu¢ in business. and e) Stste whether the Financial Reporting Slandard for Small¢r Entities ha8 ken follow￿, subject to any material departure5 disclosed and explained in the accounts. The dire¢torn are responsible for mainlaining proper ￿COUntIng rvA)rds which with Teasonable accura¢y at any time disclose the financial position of the rA)mpany and enable them to ensure that the financial statements comply with the Companies Act 2CK)6, Th¢y are also responsible for safeguarding the assets of the company and hence for takin8 reasonable steps for their prevention and detection of frnud and other irregularities. This repor( which has been prepar￿1 in l￿rdan¢¢ with the spe¢ial provisions of Part15 of the Companies Act 2006 relatsng to small ¢ompanies, approved by the directors on 26 October 2024 and signed on their behalf by.. - Mrs. Gina Cole. Chair

WAVEN Y FOODBAI (a company limited by guarantee) RT OF THE INDEPENDE￿ EXAMINER I report on the accounts of Waveney Foodbank for the 12 months ended 31 March 2024. Respttlive responsibilities of trustres and examlner The ttustees {who are also the directors of the company for the pU￿oSe8 of comp8ny law) are responsible for the preparation of the aco)unts. Th¢ trustees consider that an audit is not required for this year under section 144(2) of the Ch￿itIeS Act 2011 (the 2011 Act} and thal an independent examination is needed. Having satisfied myself that the charity is not SubJ￿l to audit under company law and is eligible for independent examination, it is my responsibility to a) Examine the accounts under section 145 of the 2011 Act b) To follow the procedures laid down in the general Directions given by the Charity Commission under section 145{5Xb) of the 2011 Act and c) To state whether particular matters have come to my attention. Basis of independent eiaminer'g report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination in¢ludes a review of th¢ accounting records kept by the charity and a comparison of the accounts presented with those reeJ)rds. It also includes consideration of any unusual items or dis¢lo$ure5 in the accounts, and seeking explanations from you as trusiees concerning any such matters. The procedures undertaken do not provide all the evidenrx that would be required in an audit and ¢on8equ¢ntly no opinion is ven as to whether the accounts present a 'tTue and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has ￿rne to my attention l. Which gives me reasonable cause to believe that in any material respect the requirements a) To keep accountin8 reconls in accordance with section 386 of the Companies Act 21Y)6 and b) To prepare accounts which accord with the accountin8 records, comply with the accountin8 requirements of section 396 of the Companies Act 2(K)6 and with methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charitie5 have not been met or 2. To which, in my opinion, atteDtion should be drnwn in order to enable a prop¢r under8tandin8 of the accounts to ached am Sidle

WAVENEY FOODBANK (a company limited by guarantee) TATEME OFFJ ANCIAL ACTIVITIES F THE 12 MONTHS ENDED 31 MARCH 2024 Note 2024 2023 INCOMtNG RESOURCES Donations and chatitable grants Other Income 120,530 3.201 131.888 TOTAL INCOMING RESOURCES 123,731 131,888 RESOURCES EXPENDED Charitable activitie$.' Fund Taising and promotional activities Warehouse and distribution centre Food Purchases Van and travel expenses Depreciation Profit on sale of vehicle Ener8y SUPPOrt fund Equipment for community m¢als Salary, pension and payroll costs ,032 18,804 2,025 9.285 13,706 2,626 6.448 1,679 8,702 8.726 -1.080 852 912 34.793 63,659 1,143 49,928 95,923 Other costs: Premises tnsurnnce Computer, stationary, phone Professional Services Sundry Training 18.245 1.096 230 6,583 10,563 369 346 472 127 26,452 11,750 TOTAL RESOURCKS EXPENDED 122,375 75,409 NET INCOMING RESOURCES 1.356 56.479 Balance brou8ht forward 399,438 342.959 BALANCE CARRIKD FORWARD 400,794 399,438

WAVENEY FOODBANK (a company limited by guarantee) BALANCE SHEET A A T 31 MARCH 2024 Note 2024 2023 FIXED ASSETS Van OE70UOY Van Y068NYS Van BX08RZL 18,043 7.237 24.438 12J46 2,063 Leasehold Improvements Fixtu￿3 & Fittings 15.514 5,358 46,152 38,847 CURRENT ASSETS Bank Cash Prepaid Expendityre Charis 372,517 i li 357,558 1554 681 424 Voluntary Norfolk 5,100 379.963 2,750 360,731 141 Liabilities falling due within twelve months TOTAL ASSETS 25.320 400.795 399,438 RECONL"ILIATIOIY OF FUNDS Unre$tri¢ted funds Restricted funds Vehicles 354,643 360,590 25.280 20.872 400.795 38,847 Other Fixed Assets TOTAL FUNDS 399,438 The no*s on pa8es 8 and 9 fonn part of the Financial Ststements. For the 12 months ended 31 March 2024, the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. The mernbers have not required the company to obtain an audit of its accounts for th¢ year in question in aLYordance with Section 476. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of ￿¢￿nts which 8ive a tTue and fair view of the stste of affairs at the year end and of its profit or1055 for the financial period then ended and which otherwise comply with the requtrements of the ACL 80 far as applicable to the Lxlmpany. The accounts have been prepared in accordance with the provisions applicable to companies subject to the small ¢ornpanie$' re8ime and were approved by the directors on 30th October 2024 signed on their behalfby.. Mrs. Gina Cole. Chair

WAVENEY FOODB (a company limited by guarantee) es to the Fittxncial S nts l. In addition to the cash donations and charitable grants, the chaTity rerKived dona*d 80(x15 of various fo￿ items totalin8 72,000 K8. 2. No specific grants were received during the year. 3. No new vans were purchased during the year. The Dire¢tors &)nsider it appropiiate to depreciate vehicles at a rdt¢ of 25¢/(t l year VAn Restrieted Fund OE70UOY Bookvalue 1st April 2023 Depreciation 24,438 6.395 B￿k value 1st April 2024 BX08RZL 18,043 Book value 1st April 2023 Depre¢iation Book value 1st April 2024 Y068NYS 2,063 2,063 Book value 1st April 2023 DeprLxiation Book value l$t Aprll 2024 12,346 5.109 7,237 4. Works were completed at the end of the financial year therefore nil amortization thi$ year. The Directors consider it appropriate to amortise the lease over the length of the lease. 5. The Directors consider it appropriate to depreciate Fixtures and Fittin8s at a rate of 25 % l year 6. Staff Costs SlatTCos 2024 2023 Wa8eslSalari¢s 46,770 32.428 tkrmed pension C￿ts 2.576 1.808 P&yroll costs 581 557 49,927 The numb¢r of people employd by thc charity during the year 2024 2023 No employee reccivcd remuneration of more than £&>.000

1. Breakdown of fimds. Bal4n¢e Fund BalAn¢¢ elf 31 March 2024 April 2023 Additions Intonje Expenditure transfer5 UNRESTRICTED General Fund RESTRICTED Van fund OE70UOY Van Fund BX08RZL Van Fund Y068 NYS Other Fixed Assets 360.590 123.731 129.678 354.643 24,438 2,063 12.346 6.395 2.063 5.109 138 18,043 7.237 20.872 400,795 21,010 21,010 ]23.731 399.437 R43.383