# **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2021** ## **WARRINGTON FOODBANK** **CHARITY REGISTRATION No: 1152525** Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF 1 ## **WARRINGTON FOODBANK** **----- Start of picture text -----**
CONTENTS
Page 3 Legal & Administrative Information
Pages 4 to 7 Trustee's Annual Report
Page 8 Independent Examiner's Report
Page 9 Statement of Financial Activities
Page 10 Balance Sheet
Pages 11 to 16 Notes to the Financial Statements
**----- End of picture text -----**
2 ## **WARRINGTON FOODBANK** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **CHARITY NUMBER** 11592525 **START OF FINANCIAL YEAR** 01-Jun-20 **END OF FINANCIAL YEAR** 31-May-21 **TRUSTEES AT 31 MAY 2021** Hilda Ann Whitfield-deceased Feb 21 Anne Tobiasen Paul Martin Crane -Treasurer Rachel Downes- appointed April 2021 Andrew McDade Melvin Jason Allmark - Chair appointed Feb 21 Margaret Pennell David Macdonald Michael Higginson - appointed April 2021 **OBJECTS** To relieve persons in Warrington and surrounding areas who are in conditions of need, hardship or distress by the provision of food, in such ways as the trustees see fit. **GOVERNING DOCUMENT** Constitution adopted 05/06/2013 **REGISTERED ADDRESS** Hilda Whitfield House Warrington Food Bank Warehouse 9 Tanning Court Warrington WA1 2HF **INDEPENDENT EXAMINER** G W Schulz ACMA Independent Examiners Ltd Unit 2,The Broadfields Business Centre Delling Lane Bosham PO18 8NF 3 ## **WARRINGTON FOODBANK** ## **TRUSTEES ANNUAL REPORT 31 MAY 2021** ## **THE TRUSTEES** Trustees are generally selected from the body of members and voted into post at the Annual General Meeting. Those being proposed are encouraged to discuss the role with current trustees and are provided with the Charity Commission Booklet Essential They are also required to fill in a trustee self-declaration form to ensure they are not barred from fulfilling the role. Hilda Whitfield (chair) has worked closely with David McDonald who is the Secretary and Project Manager until her passing in February 2021. At this point Melvyn Allmark agreed to take on the role as Chair until the AGM. The wider body of trustees bring skills and experience that aid in the proper management of the charity. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** Rob Booth remains our only paid staff and fulfils the important and demanding role of Warehouse Manager, meeting regularly with trustees. The charity as a whole depends on its many wonderful volunteers who put in an incredible number of voluntary hours. Without their help and support this work would not be possible. However, due to the covid 19 pandemic many of our volunteers chose to isolate but we were able to keep the charity working wit a reduced number of As a charity we work under the guidelines of the Trussell Trust, whom we are affiliated to. This provides us with the benefits of a comprehensive Operations Manual providing the core of our policies and procedures, together with an excellent Information Technology system upon which we record and report upon our operation. These systems help us to manage the charity and minimise risk. Further expertise can be called upon from Trussell Trust if the trustees require it and we are subject to their Compliance Audits. ## **Aims and Objectives** The key purpose of Warrington foodbank is summed up in its objects, namely to relieve persons in Warrington and surrounding areas who are in conditions of need, hardship or distress by the provision of food, in such ways as the trustees see fit. The trustees have carefully considered the Charity Commission guidance on public benefit and are satisfied that the charitable aid, namely food, that is provided, is made available to the in such a way as to relieve poverty and seek to prevent the need reoccurring. The that results means that the hungry are fed and that positive signposting is given to aid the individual in the medium term. ## **Summary and Activities** Our charity operates a only and relies upon partnership with agencies that carry out the assessments for vouchers. This practice of working with agencies, located across the town, provides the trustees with confidence that the public are helped appropriately and that everything possible is done to ensure that core issues are addressed. The agencies we work with range from Housing Associations to Mental Health professionals, from Schools to those working with ex-armed services personnel. However, this year due to covid 19 all our referral agencies closed to the public as staff were working from home, so we set up a system where those in need or crisis the project manager and their name was put on a daily list to supply the food during our normal foodbank sessions on some days we were receiving in excess of 64 calls per day from those who were either furloughed or had lost their employment. 4 ## **WARRINGTON FOODBANK** ## **TRUSTEES ANNUAL REPORT 31 MAY 2021** ## **Summary and Activities Continued** Once a voucher has been issued, the individual collects the food at one of our seven distribution centres. These are located at: Fearnhead Cross Community Centre. Again due to covid 19 all our satellite distribution centres closed but we served all needs from unit 2 Tanning Court. ## **Objectives and activities** Warrington Foodbank relies upon a number of things in order to fulfil its objects. The trustees would therefore like to record their thanks to: Our many volunteers in whatever capacity. Especially those who were able to keep our main distribution centre open. Warrington Borough Council for the provision of 3 warehouses on an affordable basis and their continued support. We have now had our 2nd year in unit 2 Tanning Court using this facility as our main distribution centre and reserve warehouse. With the greater area of space we have been able to deal with the needs of many more people who need to use this service. We would like to thank the Supermarkets in Warrington, Tesco, Morrisons, Sainsburys, Asda, the Co-op, One Stop Shop and Premier Stores as well as many churches, schools, businesses, charities and individual donors for your generous support. We must also thank Golden Square Shopping for their Christmas toy appeal which generated over £20,000.00 of toys to be distributed to all families using the foodbank. Most of these were donated directly as toys, but some cash donations were used to purchase toys from The Entertainer at a generous discount. Particular mention goes to the following businesses for their continued support this year: Golden Square Shopping for supplying us with a charity unit in Golden Square which is being used as a Donation Station and an information centre, Central Car and Van Hire, World, Unilever, United Utilities, The Ombudsman Service, Warrington Housing Association, Bentleys Toyota Dealership, Rolls Royce, New balance, Aisha, Balfour Beatty (Highways England) and Nationwide Building Society. Through the pandemic the generosity of thousands of cash donations from churches, schools, businesses, community groups and individuals has been astounding. The major donors are listed below, but all donations whatever size have been greatly valued. APJ & Co, Solicitors, Arnold Clark, Boulting Ltd, Countryside Properties CPUK, Donaldson Timber, Elanco, Fox Group International, Global Impact, Institute of Revenue, Redwood Bank, Specsavers, TOOS, United Trust Bank. Croft PC, Culcheth Rotary, Lymm Round Table, St Joseph's Panto, Stockton Heath PC, Warrington Running Club, West Lancs Masons. ## **Summary of the main achievements during the year** Many local Schools and Churches partnered with us again with regular collections adding to the generous Harvest Festival donations. The following figures relate to this financial year (last year in brackets): (8,998) three-day food parcels were provided to local people on vouchers. These equate to 100,836 (80,982) meals, a 25% increase on last year. Our statistics show that there were increases from families experiencing benefit delays an increase of 19%, Homelessness an increase of 13% and for the first time an increase in domestic violence 9%. 5 ## **WARRINGTON FOODBANK** ## **TRUSTEES ANNUAL REPORT 31 MAY 2021** ## **Summary of the main achievements during the year continued** Partner agencies, which are responsible for issuing our vouchers, number 93, a small increase on the previous year. A number of agency staff continue to volunteer for us in their spare time because they see the directly beneficial effect of the service. We are concerned that there is no indication of a reduction in need for our services, rather a growth of need due to people being furloughed, and being made redundant It is alarming that food poverty in our area and country continues to grow with no sign of slowing. Again, our statistics show that every Council Ward has received vouchers with the most deprived areas showing most need but also recording 22 food parcels being issued to the better off wards of Grappenhall and Thelwall, and 16 to Appleton Ward. It highlights that no area is exempt from need. When Warrington Foodbank was started nine years ago, it was thought that five years would be long enough to relieve the crisis that people were suffering. Unfortunately that the case and the foodbank is still needed. Maybe once Universal Credit is fully active, some will not need the foodbank, but we now believe that the need is ingrained and we cannot see a time when it will not be needed. Over the Christmas period of 2020 we had an abundance of donations from varying sources and this was again recorded as our busiest Christmas ever. We would like to thank all who made a donation to us thus enabling us to feed those families who have suffered in many ways through the pandemic. Early in the pandemic we were approached by Warrington Borough Council and asked to be a trusted partner in distribution of food parcels to people who could not go out due to vulnerability to Covid-19. These included vulnerable, shielding, elderly, disabled and isolating people. This was carried out in partnership with Warrington Wellbeing and involved branching out into new areas of supplying fresh food and home deliveries. Both of these have continued on a smaller scale where individual circumstances require. ## **Financial Review** Warrington foodbank currently holds at 31st May 2021 a bank balance of £292,833.28 compared to the £101,513.11 held at the same time last year. This is an extremely generous increase in funds over the year and has mainly arisen during lockdowns in response to the covid 19 pandemic. The majority of income is from donations rather than regular commitments, which in combination with the unpredictability of the publics need for foodbanks in the future makes financial planning difficult. This suggests a cautious approach to reserves is appropriate so the current reserves are welcome rather than inappropriate. The trustees are currently discussing a Financial Policy document and the current suggestion is that reserves dropping to £85,000.00 would be an appropriate figure level for the trustees to review the Towards the end of the year it was necessary to purchase significant stocks of food in order to maintain minimum stock levels which is a departure from previous years. However, the extraordinary generosity of all our supporters over the last 12 months means that our current balance of cash and food stocks provide a sound basis to support the local community through the immediate future and indicates the intensive fund raising initiatives are not currently warranted. The majority of the additional donations have come from the overwhelming, and to a large extent unsolicited generosity of our traditional supporters; individuals, community organisations, and businesses. Last trend towards an increasing proportion of donations arising from on-line giving, primarily via kindlink and PayPal has continued. The first half of the year continued to present opportunities to apply to funds that have been set up to assist the covid 19 response. This has resulted in support from businesses such as Torus foundation and community groups such as Cheshire Community Foundation. These opportunities reduced over the second half of the year. The equally generous increase in food donations from businesses has to a large extent compensated for the drop off of food donations direct from the public. However, it has been necessary to top up stock by purchase of supplies on a larger scale than previously. In particular, this applies to fresh stocks, which have not featured in past years. To date, the scale has been relatively modest compared to cash reserves, but is an increasing trend that needs to be watched. Regular outgoings have increased slightly over the last year. In addition to running 2 warehouses (units 2 & 9) the continued generosity of Warrington Borough Council has given us use of unit 19 to accommodate the additional food storage at a very modest cost. The planned swap of unit 19 for a longer-term use of unit 8 (on the same generous terms as units 2 & 9) will increase costs proportionately. 6 ## **WARRINGTON FOODBANK** ## **TRUSTEES ANNUAL REPORT 31 MAY 2021** ## **Statement of Trustees' Responsibilities** The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to: disclosed and explained in the financial statements; and charity will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The annual report was approved by the Trustees of the charity on ............... and signed on its behalf by: Signed: Print Name : 7 I report to the charity trustees on my examination of the accounts Warrington Foodbank for the year ended 31st MAY 2021 set out on pages 9 to 16. ## **Respective responsibilities of trustees and examiner** As the trustees of Warrington Food Bank you are responsible for the preparation of the accounts in I report in respect of my examination of Warrington Food Bank accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** Since Warrington Foodbank gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Chartered Institute of Management Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of Warrington Food Bank as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. G W Schulz ACMA Independent Examiners Ltd Unit 2,The Broadfields Business Centre Delling Lane Bosham PO18 8NF 19/10/2021 8 ## **WARRINGTON FOODBANK** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **For the Financial Year Ending 31 May 2021** ## **(Incorporating Income & Expenditure Account)** |**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations & Legacies
**3a**
**TOTAL INCOME**
**EXPENDITURE ON:**
Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL EXPENDITURE**
**NET INCOME/(EXPENDITURE)**
Transfers
**NET MOVEMENTS IN FUNDS**
Total Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**|**Restated**
Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2020/21**
**2019/20**
£
£
£
£
270,401
19,962
290,364
134,813
**270,401**
**19,962**
**290,364**
**134,813**
68,548
19,850
88,399
47,879
900
-
900
816
**69,448**
**19,850**
**89,299**
**48,695**
**200,953**
**112**
**201,065**
**86,118**
823
(823)
-
**201,776**
**(711)**
**201,065**
**86,118**
117,666
711
118,377
32,259
**319,442**
**-**
**319,442**
**118,377**| |---|---| Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 11-16 form part of these financial statements. 9 ## **WARRINGTON FOODBANK** ## **BALANCE SHEET** ## **For the Financial Year Ending 31 May 2021** |**Note**
**Fixed Assets**
Tangible Assets
**2**
**Current Assets**
Cash at Bank & in Hand
**5**
Debtors & Prepayments
**6**
**Total Current Assets**
**Creditors:**amounts due within one year
**7**
**NET CURRENT ASSETS**
**TOTAL ASSETS**less current liabilities
Long Term Liabilities
**8**
**NET ASSETS**
**Funds of the Charity**
General Funds
Restricted Funds
**Total Funds**|**Restated**
Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2020/21**
**2019/20**
£
£
**£**
**£**
4,609
-
4,609
8,000
-
-
-
-
292,833
-
292,833
101,513
23,263
-
23,263
10,364
**316,096**
**-**
**316,096**
**111,877**
1,264
-
1,264
1,500
314,832
-
314,832
110,377
**319,442**
**-**
**319,442**
**118,377**
-
-
-
-
**319,442**
**-**
**319,442**
**118,377**
319,442
-
319,442
117,666
-
-
-
711
**319,442**
**-**
**319,442**
**118,377**| |---|---| The financial statements on pages 1 to 16 were approved by the Trustees, and authorised for issue on Signed : Name: 10 ## **WARRINGTON FOODBANK** ## **NOTES TO THE FINANCIAL STATEMENTS For the Financial Year Ending 31 May 2021** ## **1. ACCOUNTING POLICIES** ## **Statement of compliance** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **Basis of Preparation** Warrington Foodbank meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## **Assessment of Going Concern** Preparation of the accounts is on a going concern basis. The trustees consider that there are no material ## **Cash Flow Statement** The charity has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement. ## **Incoming Resources** ## _**Recognition of Incoming Resources**_ These are included in the Statement of Financial Activities (SOFA) when: ## _**Incoming Resources with Related Expenditure**_ Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA. ## _**Grants and Donations**_ Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources. ## _**Tax Reclaims on Donations and Gifts**_ Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. ## _**Contractual Income and Performance Related Grants**_ This is only included in the SOFA once the related goods or services has been delivered. ## _**Donated Services and Facilities**_ These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## _**Volunteer Help**_ The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report. ## _**Investment Income**_ This is included in the accounts when receivable. ## _**Investment Gains and Losses**_ This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. ## **Expenditure and Liabilities** ## _**Liability Recognition**_ Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## _**Governance Costs**_ Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters. 11 ## **WARRINGTON FOODBANK** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) For the Financial Year Ending 31 May 2021** ## **1. ACCOUNTING POLICIES (Continued)** ## **Expenditure and Liabilities** ## _**Grants with Performance Conditions**_ Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. ## _**Grants Payable without Performance Conditions**_ These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. ## _**Support Costs**_ Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, e.g. allocating property costs by floor areas, or per capital, staff costs by the time spent and other costs by their usage. ## _**Pensions**_ The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme. ## _**Operating Leases**_ Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease. ## _**Taxation**_ The charity is exempt from tax on its charitable activities. |**IBLE FIXED ASSETS**
EQUIPMENT
Cost
01-Jun-20
Additions
Cost at
31-May-21
Depreciation
01-Jun-20
Charge
Depreciation at
31-May-21
Net Book Value
31-May-21
Net Book Value
01-Jun-20|Unrestricted
Restricted
**Total**
12,962
-
12,962
1,388
-
1,388
14,351
-
14,351
4,962
-
4,962
4,779
-
4,779
9,741
-
9,741
**4,609**
-
**4,609**
8,000
-
8,000| |---|---| ## **2. TANGIBLE FIXED ASSETS** 12 ## **WARRINGTON FOODBANK** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) For the Financial Year Ending 31 May 2021** ## **3. INCOME AND ENDOWMENTS** |**a) Donations & Legacies**
Note
Business Giving
Church Giving
Community Group Giving
Agency giving
Personal giving
Covid 19 Response Fund
9
Toy Appeal
9
Food Purchases Fund
9
Torus Foundation
9
Gift Aid
OTHER INCOME
Interest
**4. EXPENDITURE**
**a) Cost of Charitable activities**
Note
Admin,supplies
Emergency food supplies
Equipment
Expenses
Depreciation
Insurance
Maintenance & waste
New Distribution centre costs
Trussell Membership
Utilities
Van Hire Diesel
Wages
WBC warehouse charges
Covid 19 Response Fund
9
Toy Appeal Fund
9
Food Purchases Fund
9
Torus Foundation
**b) Governance Costs**
Professional Fees
Independent Examiner's Fee|**Restated**
Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2020/21**
**2019/20**
£
£
£
£
53,135
-
53,135
19,854
4,272
-
4,272
3,110
14,187
-
14,187
18,682
127,950
-
127,950
43,251
34,587
-
34,587
21,578
-
11,550
11,550
5,000
-
2,250
2,250
-
1,162
1,162
-
-
5,000
5,000
-
26,455
-
26,455
9,125
9,711
-
9,711
14,212
104
-
104
-
**270,401**
**19,962**
**290,364**
**134,812**
**Restated**
Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2020/21**
**2019/20**
£
£
£
£
2,923
-
2,923
1,074
7,866
-
7,866
-
276
-
276
1,542
184
-
184
-
4,779
-
4,779
2,780
-
2,780
2,404
17,914
-
17,914
1,308
-
-
-
13,998
360
-
360
360
5,959
-
5,959
6,785
8,874
-
8,874
2,302
14,470
-
14,470
11,563
2,164
-
2,164
2,252
11,438
11,438
4,289
-
2,250
2,250
-
-
1,162
1,162
-
-
5,000
5,000
-
**68,548**
**19,850**
**88,399**
**47,878**
-
-
-
816
900
-
900
-
**900**
**-**
**900**
**816**| |---|---| 13 ## **WARRINGTON FOODBANK** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) For the Financial Year Ending 31 May 2021** ## **5. CASH AT BANK AND IN HAND** |Current Account
Savings Account|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**2020/21**
**2019/20**
£
£
**£**
**£**
9,721
-
9,721
11,505
283,113
-
283,113
90,008
**292,833**
**-**
**292,833**
**101,513**| |---|---| ## **6. DEBTORS AND PREPAYMENTS** |Gift Aid
Other Income|**Restated**
Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**2020/21**
**2019/20**
£
£
**£**
**£**
18,263
-
18,263
2,495
5,000
-
5,000
7,869
**23,263**
**-**
**23,263**
**10,364**| |---|---| |**7. CREDITORS AND ACCRUALS: AMOUNTS FALLING**
Independent Examiner's Fee
Sundry Creditors|**DUE WITHIN ONE YEAR**
**Restated**
Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**2020/21**
**2019/20**
£
£
**£**
**£**
900
-
900
364
-
364
1,500
**1,264**
**-**
**1,264**
**1,500**| |---|---| ## **8. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** The Charity held no long term liabilities during this or the previous financial year. ## **9. RESTRICTED FUNDS** |Covid 19 Response Fund
Toy Appeal
Food Purchases Fund
Torus Foundation|**Balance**
**Balance**
01-Jun-20
Income
Expenditure
Transfers
31-May-21
£
£
£
£
711
11,550
11,438
823
-
-
-
2,250
2,250
-
-
-
1,162
1,162
-
-
-
5,000
5,000
-
-
**711**
**19,962**
**19,850**
**823**
**-**
**-**| |---|---| The transfer from restricted to unrestricted funds was for the purchase of an asset to be held for general use. 14 ## **WARRINGTON FOODBANK** **NOTES TO THE FINANCIAL STATEMENTS (continued) For the Financial Year Ending 31 May 2021** ## **10. ANALYSIS OF NET ASSETS BETWEEN FUNDS** ## **CURRENT FINANCIAL YEAR** |Fixed Assets
Net Current Assets|Unrestricted
Restricted
**TOTAL**
Funds
Funds
**2021**
£
£
£
4,609
-
4,609
314,832
-
314,832
**319,442**
**-**
**319,442**| |---|---| ## **PREVIOUS FINANCIAL YEAR** |Net Current Assets|**Restated**
Unrestricted
Restricted
**TOTAL**
Funds
Funds
**2020**
£
£
£
118,377
118,377
-
**118,377**
**-**
**118,377**| |---|---| ## **11. RECONCILIATION OF MOVEMENT ON CAPITAL AND RESERVES** |Profit / Deficit for the financial year
Other Recognised Gains
Balance Brought Forward
Closing Funds at 31st March 2021|**2021**
**£**
201,065
-
**201,065**
118,377
**319,442**|**Restated**
**2020**
**£**
86,118
-
**86,118**
32,259
**118,377**| |---|---|---| 15 ## **WARRINGTON FOODBANK** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) For the Financial Year Ending 31 May 2021** |**12. STAFF COSTS AND NUMBERS**
**2021**
**£**
Gross wages and salaries
17,052
Employer's National Insurance Costs - Exempt
-
Pension Contributions
324
**17,376**
Employees who were engaged in each of the following activities:
**1**|**2020**
**£**
11,676
-
165
**11,841**
**1**| |---|---| No employee received emoluments in the range of £50,000 to £60,000 during the year(2020:None). ## **13. TRUSTEES AND OTHER RELATED PARTY TRANSACTIONS** No trustees ,nor any person connected with them, have received any renumeration from the charity during the year. No other payments were made to trustees or any persons connected with them during the financial year. No other material transaction took place between the charity and a trustee or any person connected with them. ## **14. RISK ASSESSMENT** The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. ## **15. RESERVES POLICY** The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily. ## **16. PUBLIC BENEFIT** The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. 16