Charity registration number: 1156466 ## SOUTH LIVERPOOL FOODBANK Annual Report and Financial Statements for the Year Ended 31 March 2021 GRC Accountants Limited 166 Banks Road West Kirby Wirral CH48 0RH ## **SOUTH LIVERPOOL FOODBANK** ## **Contents** |Reference and Administrative Details|1| |---|---| |Trustees' Report|2 to 7| |Statement of Trustees' Responsibilities|8| |Independent Examiner's Report|9| |Statement of Financial Activities|10| |Balance Sheet|11| |Notes to the Financial Statements|12 to 19| ## **SOUTH LIVERPOOL FOODBANK** ## **Reference and Administrative Details** **Trustees** Mr Derek Arthur Howard Mr John Arthur Sumner Mrs Muriel Kelly Mrs Glenys Howard Mrs Tricia O'Brien Mr John Penketh **Principal Office** BRIDGE CHAPEL CENTRE HEATH ROAD LIVERPOOL L19 4XR **Charity Registration Number** 1156466 **Independent Examiner** GRC Accountants Limited 166 Banks Road West Kirby Wirral CH48 0RH Page 1 ## **SOUTH LIVERPOOL FOODBANK** ## **Trustees' Report** The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2021. ## **Trustees** Mr Derek Arthur Howard Mr John Arthur Sumner Mrs Muriel Kelly Mrs Glenys Howard Mrs Tricia O'Brien Mr John Penketh Mrs Barbara Jones (resigned 12 February 2021) This report reflects a year dominated by the effects of the coronavirus pandemic and the resulting many and varied alterations to our service. We gratefully acknowledge the long-term contribution of Mrs B Jones, who resigned as a Trustee in early 2021, as well as all those volunteers who had to step away from volunteering either temporarily or permanently due to Covid-19 restrictions. ## **Overview** The South Liverpool Foodbank is part of the Trussell Trust’s network of foodbanks. The objects of the charity are: To relieve persons in South Liverpool and the surrounding area that are in financial hardship in such ways as the Trustees from time to time think fit, in particular, but not exclusively by: - Providing emergency food, essential toiletries, and household items to individuals and families in need and/or for distribution by charities or other organisations working to prevent or relieve poverty. - Such other means, including (but not limited to) the provision of support or signposting to relevant information and other advisory services. ## **Operational changes to service** In mid-March 2020 at the start of the first nationwide lockdown for Covid-19, two of eight foodbank centres closed, either because the volunteer team comprised those advised to shield or who were caring for vulnerable friends and family (Dovecot centre), or because the centre’s management team judged it safest to close for similar reasons (Wavertree centre). The other 6 centres continued to operate, albeit with considerable adjustments:- - Clients not allowed to enter premises, instead met at the door - Parcels pre-prepared ready to hand over (allowing for adjustments in case of allergies, special diets etc.) - Signposting leaflets with information about a small range of supporting organisations, and/or additional leaflets where appropriate, included in each parcel - Personal protective equipment (including perspex screens, facemasks, gloves) provided to each centre and food processing location Page 2 ## **SOUTH LIVERPOOL FOODBANK** ## **Trustees' Report** Unfortunately the Dovecot centre have since been unable to re-open, but the Wavertree centre (Frontline Church) re-opened in late August 2020. In response to their closure a new team of volunteers (formed primarily from the local MP and councillors’ staff) offered to operate at an alternate venue in Wavertree (St. Mary’s Church), starting in late April 2020. This also meant that signposting advice and practical follow-up for clients was immediately available from case-workers. When restrictions eased and Frontline Church re-opened, the team at St. Mary’s decided to continue, shifting their session to a different day and time. One member of our 3-person staff team worked from home until October 2021 (6 months). A mobile phone and contract, and laptop computer were provided, and this colleague dealt with many of the phone enquiries from clients and partner agencies. They also kept in touch with many of the volunteers that were forced to step away from their supporting roles. We employed an additional part-time member of staff in August 2021, and continued to share with North Liverpool foodbank the costs of delivery van and driver for 2 days per week. Prior to the pandemic South Liverpool Foodbank had approximately 150 regular volunteers at distribution centres, at the warehouse, at supermarket collections, and helping with fund raising. Approximately 50% of volunteers needed to step back from volunteering when the national restrictions began, in varying numbers at different sites. Two centres closed as described above. However the need to minimise face-to-face and prolonged interactions with clients meant that fewer volunteers were needed during food distribution sessions, so in fact most centres were able to cope. All but one volunteer within the regular warehouse team (dealing with food weighing, sorting and dating, and putting together food deliveries to centres) had to step down, and it became increasingly difficult to manage the food logistics at our existing donated warehouse space. However the complete cessation of church and community activities at Bridge Chapel centre (where our office is based), meant that we were able to switch these activities there for several months, and after that to temporary space in the city centre, offered to us by Liverpool City Council. We benefited from several short-term volunteers during the initial furlough period. Naturally most corporate social responsibility programs ceased, so we did not host teams of volunteers for one-off food sorting days, nor Duke of Edinburgh scheme student volunteers. South Liverpool foodbank worked closely in conjunction with North Liverpool foodbank (also part of the Trussell Trust network), Liverpool City Council, Micah foodbank and Feeding Liverpool during this year. For several months, during the first lockdown period some food supplies were pooled, and most of our foodbank centres were supplied with parcels pre-packed at one temporary joint warehouse. We were not part of the city-wide provision to those classed as medically vulnerable and advised to shield or self-isolating; however inevitably we did provide deliveries to clients either contacting us directly or through referring agencies. Deliveries were mostly managed by foodbank staff, but volunteers helped on a few occasions. ## **Food provision** During this year 2020-2021 we provided 4,546 food parcels to client households referred with a food voucher issued by a partner agency. In total we fed 10,907 individuals; 6,862 adults and 4,045 children. 56% of those fed were resident in four city Wards (Princes Park, Speke-Garston, Belle Vale and Picton). The main causes of food crisis were low income, benefit changes, benefit delays and other causes including of course sickness and ill health. The proportion of single person households was slightly lower this year (46.1% compared with 49.8% last year); adults aged 64+ were more frequently supported (4.% compared with 2% in 2019-2020). The actual number of people fed by our foodbank was slightly lower than in the preceding year (from 13,386 to 10,907, a fall of roughly 18%. We believe this results from several different factors in combination:- - Many local community groups opened expressly to support their own immediate neighbourhoods with - • emergency food during this year, without any need for agency referral, supported by access to community food and funding sources. Page 3 ## **SOUTH LIVERPOOL FOODBANK** ## **Trustees' Report** - A reduction in referrals for a short while at the start of the first lockdown due to a delay in referral agencies enabling home-working. - The introduction of the £20 weekly uplift to Universal Credit will have helped many to cope - The extension of vouchers for food for families with school-age children accessing free school meals will have helped across holiday periods (summer 2020 was the quietest period of this reporting year). ## **Partnerships** Clients are referred to our Foodbank with vouchers issued by staff and/or volunteers within partner agencies. We acquired several new referral agencies, and new branches or divisions of existing agencies during the year. However a major change, made necessary by the fact that so many staff were working from home and could not access their agency’s supply of red paper vouchers, was to electronic referral. Agencies enter client details directly into a limited version of the Trussell Trust’s data system, generating a voucher code that they give to the client by phone/text or e-mail. From 3 or 4 agencies working this way prior to the first lockdown in March 2020, we now have roughly 40+, including most of the major referral partners. Of course this required training, and this was achieved in combination with North Liverpool foodbank, and the Trussell Trust, sometimes by visiting agency offices face-to-face (adhering to the COVID-19 guidelines at that time), sometimes by video. Handbooks and guidance videos were produced, and telephone advice given on request. In addition we made many referrals on behalf of agency staff who had no access to e-referral, entering client data and providing the voucher code to the staff member to pass on to the client in most cases. Welcome benefits include a great reduction in volume of paper needing to be retained for data protection purposes, referral agencies becoming much more aware of the data system’s capacity for recording underlying causes of crisis, and in many cases better relationships between ourselves and partner agencies. The shift to electronic referral meant that foodbank centre volunteers needed to be trained and equipped with a device and internet access for registering the voucher codes that clients produced on arrival. Some of our centres already had a laptop or tablet that they could use, and Trussell Trust provided an additional 2 devices. Most volunteer teams adjusted very well to this change. ## **Research** - In June 2020, as one of 43 Trussell Trust foodbanks participating in a 3-year national research project in partnership with Heriot-Watt University, we distributed leaflets to clients asking for their feedback - 1. about the effect of the pandemic on household finances. Data was published in September 2020 http://www.trusselltrust.org/wp-content/uploads/sites/2/2020/09/the-impact-of-covid-19-on-food-banks-report.pdf - Data from the small-scale research project with the Liverpool School of Tropical Medicine (LSTM), - 2. alongside 2 other Liverpool-based organisations supporting vulnerable women, was discussed, and LSTM began preparing a report for publication ## **Listening and advice** Prior to the pandemic clients visiting the Foodbank were invited into the centre and offered a drink and snack whilst volunteers prepared food parcels. Clients had the opportunity to ask for additional support, or to look through an extensive signposting folder, containing information about many different types of help available in the communities round our foodbank centres. Most of our centres also hosted advisors from a variety of organisations. All of this support ceased even before lockdown began, as we realised the need to limit face-to-face interactions. Although we were able to offer advice during the many phone conversations we held with clients, this was of course limited. Trussell Trust produced a template signposting leaflet which we populated with our own local and national contacts for support agencies, and this is still distributed with each parcel. Page 4 ## **SOUTH LIVERPOOL FOODBANK** ## **Trustees' Report** For 4 months across the summer and autumn of 2020 we were able to refer clients who told us that they had little or no credit on their gas and/or electricity pre-payment meters, to Energy Projects Plus, a charity working across Merseyside that was administering funds to help people in fuel crisis. This was of benefit to many clients. ## **Supporting the hungry via other charitable organisations** As well as working together with North Liverpool foodbank for pre-packed parcel preparation during the first national lockdown, we supported other foodbanks at times when we had excess of particular food items, including Trussell Trust foodbanks in North Liverpool, South Sefton, Knowsley, and in Morecambe Bay, and independent foodbanks such as Micah, run jointly by the Liverpool Anglican and Catholic cathedrals. Other organisations that received donations of food included New Beginnings Improving Lives (a charity delivering food to hostel residents, often temporarily housed people previously living on the streets), some local schools who had identified particular families in need, some local children’s centres, the Whitechapel Centre (a major source of support for the homeless in Liverpool), Speke Community centre and another community café providing cooked meals for pensioners, and local religious groups running not-for-profit food provision – for example Liverpool Muslim Outreach. ## **Supporting our Foodbank** Donations during this reporting year were many and varied. Overall we received considerably more food and toiletry donations (152,350 kg) than in the previous year (115,350 kg), and needed to purchase less than in the previous year (2,372 kg compared with 4,190 kg). Food was donated via several routes: - Tesco and Morrisons supermarkets nationally donated large quantities of food to foodbanks each week - • during the first national lockdown (we received 17 tonnes and 15 tonnes respectively). Customers and individual stores of local supermarkets donated a further 72 tonnes of food and toiletries via permanent supermarket donation boxes and on-line deliveries. - Individual donations of food from members of the public, local churches, schools, businesses, - • community groups, contributed generously. We sporadically benefited from donations of surplus stock from restaurants and businesses if they had to shut for a short or longer term national or local lockdown, and this included both fresh (eggs, bread, fruit and vegetables) and long-life items - Donations from local and national charities. For example this year we continued to receive donations - • of surplus dogfood from the Dogs’ Trust, and cat food from the local RSPCA. We also received toiletries from Superdrug, in partnership with the national charity Beauty Banks. - The ASDA-Walmart/Fareshare/Trussell Trust partnership provision of a small amount of fresh fruit and vegetables continued during this year. - From late November 2020 to mid-April 2021, we benefited from additional fruit, vegetables and eggs, funded by a Winter Boost grant from UNICEF co-ordinated by Feeding Liverpool Although warehouse operations shifted away from the local warehouse that has generously hosted us for many years, we retained storage of surplus stock there, as well as the central Council-owned unit. We would like to acknowledge the considerable support from numerous organisations:- Large food and toiletry donations were received from Tesco plc, Morrisons plc, B&M Bargains, and financial support (some of which was restricted for specific projects) was received from - Amey-Ferrovial - PH Holt - St James Place Foundation - Amelia Chadwick Trust - Cazenove Charitable Trust Page 5 ## **SOUTH LIVERPOOL FOODBANK** ## **Trustees' Report** - Andrew Mitchell Christian Charitable Trust - The Grace Trust - Liverpool City Council and Local Councillors Ward funding - UNICEF (Winter fruit and vegetable provision, co-ordinated by Feeding Liverpool) - Torus Foundation - Liverpool Football Club Foundation - Liverpool Fans group - All Hallows Church Allerton - Local Masonic lodges - St Peter’s Church Woolton and others too numerous to mention. ## **Raising awareness & fundraising** Opportunities for promoting our service were relatively limited during this period, however the co-ordinator appeared briefly in an ITV report about free school meal provision in 2020. We continued to raise awareness of ourselves and partner organisations on social media, and participated in research interviews (video, phone and e-mail) for several undergraduate projects. - Fundraising has been achieved in a number of ways: - Direct regular giving - standing orders and cheque donations. - Direct one-off cash donations from individuals and local organisations - One-off and regular donations via an online donation platform (although we pay a small fixed fee, we receive donations significantly exceeding the expenditure) - There were many local fundraisers who donated funds; one family raised in excess of £2000 by selling allotment produce, car-washes, etc.; others held bake-sales and sponsored bike rides. In previous years one of our supporters has organised prize draws and dinners at local restaurants to fund the preparation and distribution of toy/gift hampers for the children of foodbank families, as well as supporting our necessary food purchases. This Christmas the fundraising evening went ahead as a video meeting, complete with prize draw. In addition funds were raised for this by a local primary school. We purchased gift vouchers for Smyths Toy store, Sports Direct and Superdrug, to provide for a variety of ages, and posted these direct to families. ## **Financial reserves** The Trustees monitor the financial health of the foodbank, with the aim at all times of maintaining a reserve sufficient for 6months worth of normal expenditure. ## **Public Benefit** The Trustees have considered the guidance given by the Charity Commission on furthering public benefit, when discussing Foodbank objectives and policies. We consider that our current aims are clear and appropriate, and that the Foodbank has been successful throughout the year in relieving immediate food crisis as well as helping clients to access support of which they were previously unaware. The annual report was approved by the trustees of the charity on .................... and signed on its behalf by: 28/01/22 Page 6 SOUTH LIVERPOOL FOODBANK Tru5tees' Report n Arthur Sumner UStee Page 7 SOUTH LIVERPOOL FOODBANK Statement of Trustees, Responsibilities The trustees are responsibl¢ for preparing the trustee5' report and the financtal statemenls in accordance with the United Kingdom Accounting Standards Iunited Kingdom GEnerally Accepted Accounting Pra¢ticel and applicable law ai)d regulations. The law applicable to ¢harities Teqvires the trustees to prepare fInancial ststements for ea¢l) financial year wl)Itli give a true and fair view tsf tlic state of affairs of the cliarity and of the in¢oining resources and applEcation of regour¢es of Ilie charity foT that period. In preparing tliese fiiianctal statements. the trllslees aTe required to.. select siiitable accountiiig policie5 aiid theii apply thein consisl¢tttly* observe tlie Inetliods and principles in the C.haritics SORP: make judgements And estimates that are reasonable and prudent., slate wlTr¢iher app1￿cab]e accounting standaTds liave been ftsllowed, subject to any material departures disclosed and explaii)ed in tlie financial statements: and prepare tlie financial shtements on the going ¢onceTn basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that dis¢ltsse with reasonable accuracy at any time the finaiicial position of the charity and enable Ihem to ensure that the financial stateinei)ts comply with the Charities Act 201 I, the applicable c.harities (Aceoiinls and Reports) Rebjiilalions. and the provisions of the ¢Oll5titutioi). The Iiuslees are also respoiisible for safegiiarding the assets of the chariti, ajid hence for taking Irasonable steps for the pr¢v¢rttion and detection of fraud and other irregularities. Approved by the trustees of the ¢harity on 2611 |zL . andsigned on its beh￿r by.. n Arthllr Suiniier Page 8 SOUTH LIVERPOOL FOODBANK Independent Examiner's Report to the trustees of SOUTH LIVERPOOL FOODBANK I report to tlie ¢h•rity Irustecs on my exaniination of th¢ 4¢wunis of tlie cliarity for the year ended 31 March 2021 wliicli are set out on pages 10 to 19. Re5pectivo responsibilities of trustee5 examiner As the charity's trustee$ of SOUTH LIVERPOOL FOODBANK you ai'¢ r¢spDnsible for the preparation of tht fic¢ounts iii accordance with th¢ iEquirel￿cnts of the Charit105 A¢t 2011 ('the Act,). I r¢port in respect of niy cxainin&lion of tlie SOUTH LIVERPOOL FOODBANK '$ accounts carried out ui)der s¢¢tion 145 of the 2011 Act and in canying out 111y ¢xaniiiJation I hav¢ followed all tl)e applicable Directions given by the Cliarity Coinii)ission uiid¢r s¢Btion 14515Mbl of ilie Act. Independent exnmlner's sthttrnenl Sinc¢ SOUTH LIVCRPOOL FOODBANK 's &Tros5 income excecd¢d £250,000 y(Mir exainiher rnust b¢ nieinber of u body list¢d iii seclioi? 145 of the 2011 Act. I coiifirm that l ain qufilifivd to underlakc the ex4mination bec0￿8e l am & m¢mb¢i' of , whi¢li is oli¢ of the listed bodies. I liave coinpleted my exainination. I confii'm thal no m&terial n)atters liave eoime to itty attention in ¢onn¢¢tioii with th¢ ¢xaiiiiiiation givin8 nie Lause lo believe that in 4ny Inatcrial respeci.. accountiiig records wer¢ not kept iii respeet of SOUTH LIVERPOOL FOODBANK as requiird by seetion 130 of Ilie Act,, or 2. th¢ accounts do not &ccord with Iliose records. or 3. Ilie aceouiits do rttsi Comply witli the a¢¢oui)tiiig reqiiiitmenl& concerniiig tli¢ form and ¢oiilent of accounts set out irt tlie CharitlLb IA¢¢ountf and Reports) Rcguliilivns 2008 otlier Ilian &iiy requirL'iii¢nt tliat ilie a¢couiits glV¢ g '¢ru¢ and fAir view, wliicli is not a Inllttcr ¢onsidered fis part of iiidependent exominati(Trn. have iio coii¢¢iiis aiid hove con?e llcru55 n(Tr ()Iher ii)atlcrs iii ¢oni)¢clioii with tlie examlttation to which attention sliould be drawii in this report iii ordcr to enable a p¥oper uiid¢rstandii)g of tlic Accounts to be reaclitd. Gareth Cooper 166 Banks Road Wesl Kirby Wiri'al CH48 ORH Date.. gi/61/ Page 9 ## **SOUTH LIVERPOOL FOODBANK** ## **Statement of Financial Activities for the Year Ended 31 March 2021** |**Note**
**Income and Endowments from:**
Donations and legacies
Charitable activities
Investment income
4
Total income
**Expenditure on:**
Charitable activities
Total expenditure
Net income
Gross transfers between funds
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
10
**Note**
**Income and Endowments from:**
Donations and legacies
Charitable activities
Investment income
4
Total income
**Expenditure on:**
Charitable activities
Total expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
10|**Unrestricted**
**funds**
**£**
430,981
18,466
43
449,490
(271,962)
(271,962)
177,528
(13,399)
164,129
84,067
248,196
**Unrestricted**
**funds**
**£**
30,331
45,974
88
76,393
(65,756)
(65,756)
10,637
73,430
84,067|**Restricted**
**funds**
**£**
83,996
-
-
83,996
(37,665)
(37,665)
46,331
13,399
59,730
18,127
77,857
**Restricted**
**funds**
**£**
5,961
-
-
5,961
(4,731)
(4,731)
1,230
16,896
18,126|**Total**
**2021**
**£**
514,977
18,466
43| |---|---|---|---| ||||533,486| ||||(309,627)| ||||(309,627)| ||||223,859
-| ||||223,859
102,194| ||||326,053| ||||**Total**
**2020**
**£**
36,292
45,974
88| ||||82,354| ||||(70,487)| ||||(70,487)| ||||11,867
90,326| ||||102,193| All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown in note 10. Page 10 SOUTH LIVERPOOL FOODBANK (Registration number: 1156466) Balance Sheet as at 31 March 2021 21121 2020 Note Fixed asset$ Tangible assets 215 Curreiit &￿et$ Stocks Cash at bank 8nd in hand 97.829 228,223 40.197 61,781 326,052 101,978 Net assets 326,053 102,193 Funds of tht charity: Restritted fund$ 77,857 18,126 Unrestricted income funds Unrestricted funds 248.196 84,067 Totsl fund5 10 126.053 102,19.3 The financial statements on pages 10 to 19. were approved by tl)e tru5tee5, and authorised for issue on L?l.:.i.aZ4nd signed on their behblf by-. rJo Arthur Suinner Page I I ## **SOUTH LIVERPOOL FOODBANK** ## **Notes to the Financial Statements for the Year Ended 31 March 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 2015) - (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** SOUTH LIVERPOOL 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. ## **Exemption from preparing a cash flow statement** The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. ## **Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. ## **Income and endowments** Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. ## _**Donations and legacies**_ Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. ## _**Grants receivable**_ Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. ## _**Investment income**_ Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. Page 12 ## **SOUTH LIVERPOOL FOODBANK** ## **Notes to the Financial Statements for the Year Ended 31 March 2021** ## **Expenditure** All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs. ## _**Charitable activities**_ Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **Support costs** Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. ## **Taxation** The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **Tangible fixed assets** Individual fixed assets costing £250.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. ## **Depreciation and amortisation** Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: **Asset class Depreciation method and rate** Fixtures & fittings 25% straight line ## **Stock** Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO). ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Page 13 ## **SOUTH LIVERPOOL FOODBANK** ## **Notes to the Financial Statements for the Year Ended 31 March 2021** ## **Trade creditors** are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. ## **Fund structure** Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. ## **2 Income from donations and legacies** |Donations and legacies;
Donations from individuals
Gift aid reclaimed
Grants, including capital grants;
Grants from other charities|**Unrestricted**
**funds**
**General**
**£**
368,593
18,733
43,655
430,981|**Restricted**
**funds**
**£**
83,996
-
-
83,996|**Total**
**2021**
**£**
452,589
18,733
43,655
514,977|**Total**
**2020**
**£**
36,292
-
-| |---|---|---|---|---| |||||36,292| Page 14 ## **SOUTH LIVERPOOL FOODBANK** ## **Notes to the Financial Statements for the Year Ended 31 March 2021** Included within donations was actual food donations of 152,350 kg these have been quanitified as £1.75/kg which amount to £266,612. This has also been reflected as a cost to the Charity of £266,612 for the purchase of food supplies, but it should be noted that the actual donations were £248,365 and the remaining £266,612 was not financial donations but food donations. ## **3 Income from charitable activities** ## **4 Investment income** Interest receivable and similar income; Interest receivable on bank deposits |**Unrestricted**
**funds**
**General**
**£**
18,466
**Unrestricted**
**funds**
**General**
**£**
43|**Total**
**2021**
**£**
18,466
**Total**
**2021**
**£**
43|**Total**
**2020**
**£**
45,974| |---|---|---| |||**Total**
**2020**
**£**
88| Page 15 ## **SOUTH LIVERPOOL FOODBANK** ## **Notes to the Financial Statements for the Year Ended 31 March 2021** ## **5 Analysis of support costs** ## **Support costs allocated to charitable activities** |Establishment costs
Repairs and
maintenance
Office expenses
Printing, posting
and stationery
Subscriptions and
donations
Sundry and other
costs
Accountancy fees
Legal and
professional costs|**Governance**
**costs**
**£**
-
-
-
-
-
-
750
-
750|**Administration**
**costs**
**£**
-
-
2,476
559
780
3,099
-
573
7,487|**Premises costs**
**including**
**depreciation**
**£**
6,273
4,300
-
-
-
-
-
-
10,573|**Total**
**2021**
**£**
6,273
4,300
2,476
559
780
3,099
750
573
18,810|**Total**
**2020**
**£**
13,618
271
93
1,633
1,945
1,056
750
576| |---|---|---|---|---|---| ||||||19,942| ## **6 Staff costs** The aggregate payroll costs were as follows: |**Staff costs during the year were:**
Wages and salaries|**2021**
**£**
63,734|**2020**
**£**
44,623| |---|---|---| No employee received emoluments of more than £60,000 during the year ## **7 Taxation** The charity is a registered charity and is therefore exempt from taxation. ## **8 Tangible fixed assets** |**8**
**Tangible fixed assets**||| |---|---|---| |**Cost**
At 1 April 2020
At 31 March 2021|**Furniture and**
**equipment**
**£**
1,465
1,465|**Total**
**£**
1,465| |||1,465| Page 16 ## **SOUTH LIVERPOOL FOODBANK** ## **Notes to the Financial Statements for the Year Ended 31 March 2021** |**Depreciation**
At 1 April 2020
Charge for the year
At 31 March 2021
**Net book value**
At 31 March 2021
At 31 March 2020
**9**
**Stock**
Stocks|**Furniture and**
**equipment**
**£**
1,250
214
1,464
1
215
**2021**
**£**
97,829|**Total**
**£**
1,250
214
1,464
1
215
**2020**
**£**
40,197| |---|---|---| Page 17 ## **SOUTH LIVERPOOL FOODBANK** ## **Notes to the Financial Statements for the Year Ended 31 March 2021** ## **10 Funds** |**Unrestricted funds**
**_General_**
General
**Restricted funds**
AMCCT - Andrew Mitchell
Christian Charitable
Byrne - Cate Byrne
External Grant
Amey Ferrovial
PH Holt
Pantry
St James Place Foundation
**Total restricted funds**
**Total funds**
**Unrestricted funds**
**_General_**
General
**Restricted funds**
Byrne - Cate Byrne
Redrow
**Total restricted funds**
**Total funds**|**Balance at 1**
**April 2020**
**£**
84,067
-
18,126
-
-
-
-
-
18,126
102,193
**Balance at 1**
**April 2019**
**£**
73,430
16,896
-
16,896
90,326|**Incoming**
**resources**
**£**
449,490
4,000
21,613
35,781
19,252
2,350
-
1,000
83,996
533,486
**Incoming**
**resources**
**£**
76,393
5,211
750
5,961
82,354|**Resources**
**expended**
**£**
(271,962)
(677)
(5,396)
(1,639)
(12,518)
(15,749)
(500)
(1,186)
(37,665)
(309,627)
**Resources**
**expended**
**£**
(65,756)
(4,231)
(500)
(4,731)
(70,487)|**Transfers**
**£**
(13,399)
-
-
(186)
-
13,399
-
186
13,399
-
**Transfers**
**£**
-
250
(250)
-
-|**Balance at**
**31 March**
**2021**
**£**
248,196
3,323
34,343
33,956
6,734
-
(500)
-| |---|---|---|---|---|---| ||||||77,856| ||||||326,052| ||||||**Balance at**
**31 March**
**2020**
**£**
84,067
18,126
-| ||||||18,126| ||||||102,193| **11 Analysis of net assets between funds** Page 18 ## **SOUTH LIVERPOOL FOODBANK** ## **Notes to the Financial Statements for the Year Ended 31 March 2021** |Tangible fixed assets
Current assets
Total net assets
**12 Analysis of net funds**
Cash at bank and in hand
Net funds
Cash at bank and in hand
Net funds|**Unrestricted**
**funds**
**General**
**£**
215
83,852
84,067
**At 1 April 2020**
**£**
61,781
61,781
**At 1 April 2019**
**£**
69,224
69,224|**Restricted**
**funds**
**£**
-
18,126
18,126
**Cash flow**
**£**
166,442
166,442
**Cash flow**
**£**
(7,443)
(7,443)|**Total funds at**
**31 March**
**2020**
**£**
215
101,978
102,193
**At 31 March**
**2021**
**£**
228,223| |---|---|---|---| ||||228,223| ||||**At 31 March**
**2020**
**£**
61,781| ||||61,781| Page 19