ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2023 WARRINGTON FOODBANK CHARITY REGISTRATION No: 1152525 Warrington foodb Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham P018 8NF WARRINGTON FOODBANK CONTENTS Page 3 Legal & AdminisrrativÈ Inf0m￿tion Pages 4 to 7 Trustee's Annual Report Page 8 Jndepertdeni E¥amlnerfs Report Pa9e 9 Statement of ￿nanCIal Artivities Pa9e 10 Balanee Sheet Pages 11 to 16 Notes to the ￿nancIal Statements WARRINGTON FOODBANK LEGAL AND ADMINISTRATIVE INFORMATION CHARrrY NUMBER 11592525 START OF FINANCIAL YEAR 01-Jun-22 END OF FINANCIAL YEAR 31-May-23 TRUSTEES AT 31 MAY 2023 Melvin Allmark- Chair resigned 25 January 2023 Michael Rvck-chair elerted 30 November 2022 Pavl Crane-Treasurer David McDofiald Shirley 800th- elected 26 Ortober 2022 Patricia Callaghan elected 26 October 2022 Rachel Downes - eletted April 2021 Michael Higginson - resigned 26 October 2022 Andrew McDade Karen McElroy - eletted 26 October 2022 Mar9aret Pennell David Sheeran - eleeted 26 ottober 2022, resl9ned 20 January 2023 Felicity Silver- elected 26 October 2022 Michael Stallard elected 26 October 2022 Anne Tobiasen OBJECTS To relieve persons In Warrlngton ond 5urroundlng area5 who are in conditions of need, hardship or distress by the provision of food, in such way5 as the trustees see fit. GOVERNING DOCUMENT Constitutlon adopted 0510612013 and amended 2711012021 REGISTERED ADDRESS Hilda Whitfield House Warrirsgton Food Bank Warehouse 9 Tanning Court WarriThgton WAI 2HF INDEPENDENT EXAMINER K Gomes MAAT.FCIE Independent Examiners Ltd Unit 2.The Broadfields Business Centre Delling Lane Bosham P018 8NF **WARRINGTON FOODBANK ANNUAL REPORT AND FINANCIAL STATEMENT 2023** ## **TRUSTEES’ ANNUAL REPORT 31 MAY 2023** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** Type of governing document Constitution How the charity is constituted Association Trustee selection methods Recommended by members/trustees. Elected at the Annual General Meeting. Between Annual General Meetings, appointed by existing trustees. ## **Additional Governance Issues (Optional information)** Trustees have historically been selected from the Foodbank volunteer base as needed. From 2023 onwards trustees will ideally be given lead roles to help create a well rounded strategy and vision for the foodbank overall whilst also providing crucial oversight as needed. New trustee roles will inevitably be identified via self review i.e. Health and Safety lead, a suitable role description created which is approved by the board and advertised within the existing volunteer base. Should a suitable candidate not be found the intention is to then advertise the role externally. Applicable candidates will then be interviewed and voted on to the board based on their skills and abilities and given lead role responsibilities. All trustees are asked to complete a self-declaration form to ensure they are not barred from fulfilling the role. Several existing trustees are also dedicated volunteers and this can sometimes blur the lines between the strategic role of a trustee and the operational role of staff and volunteers thus recruiting trustees from outside the volunteer base whilst creating lead roles for existing trustees should be considered a real benefit. The Trussell Trust has now created regular advice cluster meetings for trustees and it will be a goal for this year to ensure that every trustee attends at least 1 of these meetings. The meetings should help trustees discuss issues and goals with trustees from other foodbanks and help focus trustees on the goals and ambitions of the trust. The foodbank currently has 4 paid members of staff and these roles are continually reviewed by the trustees. The foodbank continues to survive on donations raised and could not continue to operate without the hard work and dedication of the 100+ volunteers. ## **OBJECTIVES AND ACTIVITIES** ## **Summary of the objects of the charity set out in its governing document** To relieve persons in Warrington and surrounding areas who are in conditions of need, hardship or distress by the provision of food and other household items, in such ways as the trustees see fit. ## **Summary of the main activities undertaken for the public benefit** 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, and Children’s school uniform, 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 “public” in such a way as to relieve poverty and seek to prevent the need reoccurring. The “benefit” that results means that the hungry are fed and that positive signposting is given to aid the individual in the medium or long term. 4 **WARRINGTON FOODBANK ANNUAL REPORT AND FINANCIAL STATEMENT 2023** Our charity operates a “voucher only service” 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, and G.P. surgeries. Once a voucher has been issued, the individual collects the food at one of our four distribution centres. These are located at: - Unit 2 Tanning Court – Town Centre - Emmaus Church – Orford - Quench Café – Culcheth - St Thomas’ Church – Stockton Heath. We also operate a school uniform distribution centre from our Golden Square Shopping Mall unit. The “benefit” can be best demonstrated by the figures shown later. ## **Additional details of objectives and activities (Optional Information)** 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. - Warrington Borough Council for the provision of 3 warehouses on an affordable basis and their continued support. - Golden Square shopping for the provision of a charity unit which is currently being used as an information centre and a school uniform distribution centre. - Tesco, Sainsburys, Asda, the Co-op as well as churches, many schools, businesses, charities and individual donors for your generous support. Particular mention goes to the following businesses: Central Car and Van Hire, Gulliver’s World, Unilever and United Utilities, The Ombudsman Service, R.S, Golden Square Shopping, Caddick Construction Asda Distribution hub, Morrisons Distribution Hub, Sellafield, Torus Housing, Amazon, and Warrington Voluntary Action. ## **ACHIEVEMENTS AND PERFORMANCE** ## **Summary of the main achievements during the year** Many local Schools and Churches and communities worked with us adding to the generous Harvest Festival donations. During the period 1st June 2022 to 31st May 2023: - 173303 kg of food was donated to us (a 39% increase on previous year). - 166495 kg of food was distributed by us (a 49% increase on the previous year). - During the same period 22,227 three day food parcels were provided to local people on vouchers (a 117% increase on the previous year). These equate to 200,043 meals and, this year like previous years, 36.9% of these meals have gone to children. 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 higher energy costs, increases in mortgage, and rent repayments impacting on family income. It is alarming that food poverty in our area and country continues to grow with no sign of slowing. 5 ## **WARRINGTON FOODBANK ANNUAL REPORT AND FINANCIAL STATEMENT 2023** As with other towns and cities across the United Kingdom, Warrington has its fair share of Refugees, Asylum Seekers, and ex Hong Kong citizens, currently there are 9 Hotels being occupied by these people which again impacts on our service. Again, our statistics show that every Council Ward has received vouchers with the most deprived areas showing most need but also recording 177 food parcels being issued to Lymm North and Thelwall, and 67 to Appleton Ward. It highlights that no area is exempt from need. 53.7% of meals go to people suffering from benefit changes or delays, up 1.7%. Almost 18% have some form of earned income but are struggling to make ends meet, and 4% goes to individuals or families suffering homelessness (Homelessness covers a wide range of situations from families housed by the local authority in emergency bed and breakfast accommodation to single people who are street homeless). Once again this year we continue to deal with many families involved in domestic violence. Warrington has seen a tremendous increase in the number of refugees, and asylum seekers, and people from Hong Kong, the town now accommodates refugees and asylum seekers in 11 hotels throughout the town. When Warrington Foodbank was started 11 years ago, it was thought that five years would be long enough to relieve the crisis that people were suffering. Unfortunately, that wasn’t the case, and the foodbank is still needed. Universal Credit is now fully active; However, some families will continue to need the foodbank, but we now believe that the need is ingrained and we cannot see a time when it will not be needed. The Trussell agreement with Tesco during the covid period saw Tesco reverting to a twice yearly collection in July and December as from 2023 Tesco will revert to an annual collection in December, however the close partnership that exists currently with the Tesco Warrington store assures the availability to undertake “ad – hoc” collections whenever we feel it necessary to enhance our stock levels We now have Three local Asda stores on board with permanent collection points in store. Sainsbury’s stores at Chapelford, Rushgreen, Woolston, Culcheth, and The Cross Lymm. We now receive end of day produce from 9 Co-Op’s and 4 Sainsbury’s stores on a daily basis. ## **FINANCIAL REVIEW** ## **Brief statement of the charity’s policy on reserves** At the end of the financial year Warrington foodbank had a bank balance of £372,049 compared to £293,565 at the start of the year. This is an extremely generous increase in funds (£78,483.91) over the year and has mainly arisen during the winter months. The majority of income is from “ad-hoc” donations rather than regular commitments, which in combination with the unpredictability of the public’s need for foodbanks in the future makes financial planning difficult. This suggests a cautious approach to reserves is required, so the current reserves are welcome rather than inappropriate. The Financial Policy document states that reserves dropping below the previous year’s expenditure would be an appropriate trigger level for the trustees to review the charity’s financial position. ## **Details of any funds materially in deficit** ## None ## **Further financial review details (Optional information)** Financial donations have increased significantly this year, to the record level seen during the pandemic year of 2020/2021. I suspect that this is largely due to the publicity during the winter months surrounding the increased cost of living and associated publicity from the Trussell Trust nationally. Expenditure has remained steady over the last three years, despite a significant increase in the number of people presenting for assistance. Although it has again been necessary to purchase significant stocks of food in order to maintain minimum stock levels, to a large extent this has been mitigated by the support of local businesses, particularly supermarkets, via collection days and end-of-day produce. 6 The extraordinary generosity of all our supporters over thè last 12 months means that our current balance of cash and food stocks provide a sound basis to support the local communtty through the immediate fvture and indicates the Intensive fund raising initiatives are not cU￿entlY warranted. Regularoutgoings have increased signilicantty overthe la5tyear. In addition to now runnin8 3 warehouses lunits 2, 8 & 91 and employing an add(tional member of staff. now 4. The continued 8ener05ity of Warrin8ton Borough Council has given u5 use of untt 8 to accommodate the additional food storage at a very modest cost. OThEROPTIONAI INFORMAT1014 None sTATEmEP￿ OFTRUSTEES, RESPONSIBIUTIES The Trustees are responsible for preparing the Trustees. report and the finanoal ststements in actordance with the United Kin8dom Accounting Standards Iunitsd Kingdom Generalty Ac£epted Accounting Practi￿) and applicable law and regulations. The law applicable to tharities requires theTrustees to prepare finanoal statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incomin8 resources and application of resources of the charity for that period. In preparing these financial statements. the Trustees are required to= Selertsuitable actounting poliues and then appty them consist￿￿￿. Observe the methods and principle5 in the Charities SORP- Make jud8ments s3nd estimates that are reasonable and pnNlenL- Statewhether applicable accountin8 stsndards have been folltrwe(I, subject to any material departure5 disclosed and explained in the financial statements.. and Prepare the finantial ststements on the going con￿rn basis unless it is inappropriate to presume that the tharity will continue in business. The Trustees are ￿sponSible for keepin8 proper acC￿nting records that disdosewith reasonable accuracy at any time the h"nancial position of the charity enable them to ensure that the financi315tatements comply with the Charlties Aet 2011, the applicable (haritie5 (Accounts and Reports) Regulations. and the provisTron5 of the constitution. The Trustees are also responsi￿e for safe8uarding the assets of the charity and hence for taking ￿a$Onable steps for the prevention and detection of fraud and other irregularities. The trustees decla￿ that they have approved the trustees, report at)￿e at their meeting on 2UJunel2023. Signed on behalf of the tharitys tntstee5: Signed.. Date.. 07- 0>- Mlke Ruck (Chalrl Signed= Oate-. 2023 Paul Crane rrreasyrerl INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS report to the charity trnstees on my examination of the accounts Warrington Foodbank for the year ende¢ 31st MAY 2023 set out on pages 9 to 16. Respectlve responslbllltles of trnstees and examlne As the tharity's trustees of Warrin9ton Food Bank you are responsible for the preparation of the accounts In accordance wifh the requlrements of the Charities Att 2011 ('the Att'l. I report in respett of my examination of Warrington F¢xxl Bank accounts carried out under sertion 145 of the 2011 A¢t and in Carrying out my examination I have followed all the applicable Direttions given tiy the Charlty Commlsslon unéer sertlon 14515llbl of the Art. Independent ex•mlner's st•tement Since Warrlngton Foodbank gross Ineome exceetled £250,000 your examiner must be a member of a body Ilsteé in section 145 of the 2011 Att. I confirm that l am qualified to undertake the examination because I am a member of the Chartered Institute of Mana9ement Accourttants, which is one of the listed bodies. I have completed my examination. I tonflrm that no mattets have eome to my attentlon In conneetlon with Ihe examination glving me cause to belteve.. L. accounting records were not kept in respett of Warrington Food Bank as reoulred by settion 130 of the Aet. or 2. the attounts do not accord with those records; or 3. the accounts do not comply with the acctyjnting reoulrements tonternln9 the form and content of accounts set out In the Charities (Accounts and Reports) Re9ulations 2008 other thon ony requirement that the account5 give a 'true and fair view. which 15 not a matter conssdered as part of an independent exarnination. I have no tonterns and have tome across no other matters In connectlon with ttre examlnatlon to whlch attentlon should be drawn In this report In order lo enable o proper understanding of the account5 to be reached. K Gomes MAAT,FCIE Independent Examiners Ltd Unit 2,The Broadflelds 8uslness Centre DellSng Lane Bosharn P018 8NF Signed Date.. 4.9.23 WARRINGTON FOODBANK STATEMENT OF FINANCIAL ACTIVITIES For the Financial Year Ending 31 May 2023 (In¢•ryoratln9 In¢ome & Expendlture A¢¢ourtt) un￿$t￿cted Restricted Funds Funds TOTAL 2022123 TOTAL 2021122 Notes INCOME AND ENDOWMENTS FROM: Donatlons & Legacles 215,087 32,584 247,671 189,017 TOTAL INCOME 215 087 247 671 189 017 EXPENDITURE ON: Charltable Artlvltles 122,872 27,924 150,796 IB6,036 Governance Costs 4b 834 834 2,250 TOTAL EXPENDITURE 123 706 151 630 188 286 NET INCOMEI(EXPENDITURE) 91.381 4.660 96.041 732 Transfers NET MOVEMENTS IN FUNDS 91.381 4.660 96.041 732 Total Funds Brought Forward 319.834 320.174 319.442 TOTAL FUNDS CARRIED FORWARD 411 215 416 215 320 174 Movements on all reserves and all recognlsed galns and losses are shown above. All of the organisatlon's operations are classed as continuing. The notes on pages 11-16 forni part of these finandal statements. WARRINGTON FOODBANK BALANCE SHEET Charity RegistratloTh Nymber:1152525 For the Finandal Year EndSn9 31 May 2023 Total 2021112 Funtls Funds 2022123 fixed Amets Tangible Assets 42,583 42,583 4,609 Current A55ets Cash at Bank & in Hand Debtors & Prepayments 369.049 2,742 372,049 4.742 293.565 23,263 2,000 Total Current Assets 376 791 316 828 Credltors: amounts rjue within one year 3,159 3,159 1,264 NEf CURRENT ASSETS 368,632 373.632 315.564 TOTAL ASSEfs less current liabrlitie5 411,215 416,215 320.174 Long Term Liabilities 411 215 416 215 320 174 Funds of the Charlty General Funds Rest￿cted Funds 411,215 411,215 5.000 319,834 Total Funds 411 215 416 215 320 174 The ftnandal staternents on pages 9 to 16 were akn)rrJv&1 by the TnLStees. and authijrwl for issue on . and signed ¢Jn thetr behalf by: Signal . Name: ¢-Q-13 CHAIA -fREA3v QE PAWL mi<É 10 WARRINGTON FOODBANK NOTES TO THE FINANCIAL STATEMENTS For the Flnanclal Year Endln9 31 May 2023 I. ACCOUNTING POLICIES statement of compllance The financial statements have been prepared in accordance with Actountlng and Reporting by Charitles.. StètÈmÈnt of Recommended Prartite applitable to charities prèparing their accounts in attordante with the Flnancièl Reporting Standard applitable in the UK and RÈpublit of Ireland IFRS 1021 lÈffÈrtivÈ l January 20191 (Charities SORP IFRS 10211. the Finantial Reporting Standard applitable in the UK and RÈputilit of Ireland IFRS 1021 and the Charities Art 2011. B•$l$ of Prep•ratlon Warrington Foodbank meets the definition of a public benefit enbty under FRS 102. Assets and liabilitles a Initially ￿(09n1$e￿ at historical cost or iransaction value unless otherwise sta￿0 in the relevant accouniing oli¢v notes. A$$¢$$ment of Goln9 Concern Preparation of the account5 is on a 90in9 eoncem basis. The trustees conslder Ihai ihere a￿ no materlal uncertaintie5 about the Charity's ability to eontinue as a 9oln9 toncem. C•*h Flow St•tement The charity ha5 taken advants9e of the exemptlon In Flnanelal Reportlng Standard No I from ihe ￿QuIrement to produce a cash flow Statement. In¢omlng Resour¢ Recognltlon oflnromlng Resources These are included in the Ststement of Finafitial Aetivltles {SOFAI when: the charity become5 entitled to the resourtes- the tru5tee5 are virtually certain they will receive the resources.. and the monetary value can be measured with sufficient reliability Zncomlng R•50urr•s wlth Related Expendltur• Where incoming resources have related expenditure las with fundralslng or contratt income) the Incomlng resource and relited expenditure are reported gr055 in the SOFA. Grants and Donatlons Grants and Donations ar* only Intluded In the SOFA when the charity has uneonditlonal entltlement to the resources. Tax Reclalm5 on Donatlon5 and Glfts Incoming resources from tax reclaims are Included in ihe SOFA at the some ilme as the gift to whlch they relate. Contractual Income and Perft>rmance Related Grants This is only included In the SOFA once the related goods or services has been dellvered. Donated Servlces and Facllltles These are only included in incomin9 resources (with an equivalent amount In reSoUr￿S expended) where the benefit to the charlty Is reasonably quantifiable. measurable and material. The value placed on these resources Is the estimated value to the chanty of the service or facility received. Volunteer Ilelp The value of any voluntary help recelved Is not Included In the accounts but Is described Sn the trustees, annual report. Investment Income This is included In the accounts when recelvable. Investment Galns and Losses This included any gain or loss on the sale of investments and any galn or loss resulting from revalulng Snvestments to market value at the end of the year. Expendlture and Llabllltles Llablllty Recognltlon abilities are recognised as soon as there Is a legal or constructlve obligatfjon commlttlng the charlty to pay out resources. Go¥ernance Costs Include costs of the prepèratlon and examination of statutory accounts. the costs of the trustees, meetlngs and cost of any legal advice to trustees on govemance or constitutional matters. WARRINGTON FOODBANK NOTES TO THE FINANCIAL STATEMENTS (contlnued) For the Flnanclal Year Endln9 31 May 2023 I. ACCOUNTING POLICIES (Contlnued) Expendlture ond Llabllltle$ 6r8nts wlth PerformaJJ¢e Coftdltl•fts Where the tharity gives a grant with conditions for its payment belng a specific level of servl¢e or output to be provided, such grants a￿ only recognised in the SOFA once the recipient of the grant has provlded the specified servitè or output. Grants P•yable wlthout PerfomiJn¢e Condltlons These a￿ only recogniged in the accounts when a eommiiment has been made antl there a￿ no eonditlons to be met relating to a grant which remain in control of the charity. Support Co$ts Support Costs incluée central funrtions and have been allocated to activity cost eategories on a basls consistent wlth the uge of the resourtes, e.g. alloeating property costs by floor areas, or per capiial, staff eogts by the time spent and other costs by Ihelr usa9e. P*n$lon$ The charity operates a defined tontribution pensiort seheme. Contributions are char9ed io the Statement of Flnancial Actlvitles as they become payable In accordance with the rules of the seheme. Operatlng Le•$e$ Rental charge5 payable under ¢)peratln9 leases ère tharged on a Straight Ilne basls over the terms of the lease. T4Txatlon The charity is exempt from tax on Its tharttable èrtlvlties. Flx•d A55•ts These are capitali5ed If they can be used for more than one year, and etsst at least £500. They a￿ valued èt C05t or, if gifted, at the value to the charity on receipt. Depreclatlon 15 calculated at a rate to write off the cost of tanglble fixed assets on a reduclng balance over thelr estlmated useful live5. The rate5 opplied per annum ore as follows.. Equipment and Fumlshlngs Vehlcle5 330h 25% Equipment and Furnlshlng 2022123 2. TANGIBLE FIXED AssErs Vehlcleg Total Cost AddltSons 01-Jun-22 14.351 22.111 36.462 14,351 57,900 72,251 35,789 35,789 Cost at 31-May-23 Depreclatlon Charye Depreclatlon at Net Book Value 01-Jun-22 9.741 9,741 31-May-23 31-May-23 20,721 8,947 29,668 15,741 26,842 42,583 Net Book Value 01-Jun-22 4.609 4,609 WARRINGTON FOODBANK NOTES TO THE FINANCIAL STATEMENTS (contlnued) For the Flnanclal Year Endln9 31 May 2023 3. INCOME AND ENDOWMENTS Restated TOTAL 2021122 Unrestricted Restricted Funds Funds TOTAL 2022123 a) ￿n•t10n$ & Leg•¢l Noie Buslness Glving Church Givlng Communlty Group Givlng Agency glving Personal glvlng Other Glving Gift Aid OTHER INCOME Interest 48,728 6,708 12,911 86,469 36,911 5,555 4,345 10,542 2,918 9,347 5B,075 6,708 17,911 86,469 3B,148 5,555 4,345 27,542 2,918 33,220 2,133 10,006 63,524 31,237 4,540 31,554 12,409 394 5,000 1,237 17,000 215.087 32.584 247,671 189.016 4. EXPENDITURE R•5tated TOTAL 2021122 Unrestrtcted Restrtcted Funds Funds TOTAL 2022123 *) Cost of Charftable actlvltl•s Notè Admln, supplies Emergency food supp11è5 Equlprnent Expenses Depreclation Insurance Maintenance & waste Toys & Vouchers Trussell Membership 6,776 2,744 6,776 17,918 1,976 65,340 41.718 483 15,174 241 19.927 6.950 5.026 2.764 360 13.642 12.138 50.223 2.081 241 19,927 6.950 5.026 5.688 360 14.468 12.138 59.223 2.081 6.008 10.383 2,924 360 12.123 15.121 26.056 2.267 4.200 826 Van Hlre Dlesel Wages WBC warehouse charyes Other Glving 9.000 122.872 150 796 186 035 b) Governance Costs Professional Fees Independent Examlner's Fee 654 180 834 654 180 834 2.250 WARRINGTON FOODBANK NOTES TO THE FINANCIAL STATEMENTS (contlnued) For the Flnanclal Year Endlng 31 May 2023 5. CASH AT BANK AND IN HAND Unrestrittsd Restricted Fund Fund Total 2022123 Total 2021122 Co-op Current Account Co-op Savings CAF Savings Account Petty cash 20,605 32,211 316,028 206 3,000 23,605 32,211 316,028 206 10,424 33,168 249,973 372 049 293 565 6. DEBTORS AND PREPAYMENTS Unrestrictet1 Restricted Fund Fund Tot*1 2022123 Total 2021122 Gift Aid Other Ineome 1,242 I,soo 1,242 3,500 18,263 5,000 2,000 7. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR Unrestncted Restricted Fund Fund Total 2022123 Total 2021122 Independent Examlner's Fee Sundry Creditors 1,080 2,079 1,080 2,079 900 364 . CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR The Charity held no long term liabilities during this or the previous finanual year. 9. REsfR[￿ED FUNDS Balance 01-J4bn-22 Balance 31-Nay-23 Income Expenditure Transfers Aldi Winter Fund Cheshlre Communlty Foundatlon Chrlstmas Toy Appeal st James Place/Perennial Trussell Trust strategic Resources Grant Trussell Trust Winter Support Grant Asda C o Living Grant 1.000 5.000 2.584 5.000 12.000 5.000 2.000 1.000 5.000 2.924 5.000 9.000 5.000 340 3,000 2,000 340 WARRINGTON FOODBANK NOTES TO THE FINANCIAL STATEMENTS (contlnued) For the Hnanclal Year Endln9 31 May 2023 10. ANALYSIS OF NET ASSETS BETWEEN FUNDS CURRENT FINANCIAL YEAR un￿$1￿Cle£1 Restricte Funds Funds TOTAL 2022123 Flxed ￿get$ Net Current Assets 42,583 368,632 42,583 373,632 5,000 411 215 416 215 PREVIOUS FINANCIAL YEAR Unrestrltted Restrieted Funds Fund5 TOTAL 2021122 Net Current A55ets 320,174 320,174 320 174 320 174 11. RECONCILIATION OF MOVEMENT ON CAPITAL AND RESÉRVES 2022123 2021122 ProfSt / Deficit for the financial year Other Recognised Gains 96.041 732 732 Balance Brought Forward 320.174 319.442 Closlng Funds at 31st May 2023 416 215 320 174 WARRINGTON FOODBANK NOTES TO THE FINANCIAL STATEMENTS (contlnued) For the Flnanclal Year Endln9 31 May 2023 12. STAFF COSTS AND NUMBERS 2022123 2021122 Gross wages and salades Employer's National Insurance Cosrs - Excempt Penslon Contributions 58,858 25,891 365 59,223 165 26,056 Employees v4ho We￿ engaged each ol the following activities.. No ernployee ￿CeIved emoluments In the rart9e of £50,000 to £60,000 durifi9 the yearl2022..Nonel. 13. TRUSTEES AND OTHER RELATED PARTY TRANSACTIONS No trustees ,nor any person connetted with Ihem, have received any renumeratitsn from the charity durin9 the year. No other payment5 were made to trustees or any persons tonnected with them durlng the financial year. No other materlal transartlon took plate between the tharity and a trustee or any petson eonnected wlth them. 14. RISK ASSESSMENT The trustees actively review the major rlsks which the thartty fates on a regular basis and belleve that maintalning the free reserves Stated, combined with the annual review of the contro15 over key fin4nclal Systems carrled out on an annual ba515 will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risk5 which they face and confirm that they have e5tabllshed systems to mitigate the significant risks. IS. RESERVES POLICY The trustees have consldered the level of reserves they wish to retsin, appropriate to the charity'5 needs. Thls Is based on the charity's slze and the level of financial commitments held. The trustees aim to ensure the charity w511 be able to continue to fulfil its chantable objectives even if there Is o temporary shortfall In Income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily. 16. PUBLIC BENEFIT The Charity acknowledges Its requlrement to demonstrate clearly that It must have charitable purposes or 'alms' that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confimi that they have paid due regard to the Charity Commission guidance on publlc benefit before deciding what activities the chanty should undertake.