| Pages | ||||
|---|---|---|---|---|
| A letter from our CEO | 1-2 | |||
| Case studies - Community | Impact | |||
| Trustees' Annual Report |
||||
| Independent Auditor's |
Report | 19-25 | ||
| Statement of Financial | Activities | 26 | ||
| Balance Sheet | ||||
| 7 | Statement ofCash Flows | |||
| Notes to the Financial | Statements | 29-41 |
| Notes | Unrestricted | Restricted | Total funds | Total funds | ||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | 2022 | 2021 | |||||
| Income: | ||||||||
| Donations and grants |
2,190,606 | 653,747 | 2,844,353 | 5,280,923 | ||||
| Income from charitable | activities | 5,247 | 5,247 | 27,915 | ||||
| Investment income |
10,453 | 10,453 | 4,914 | |||||
| income from other trading | ||||||||
| activities | ||||||||
| Food waste disposal | service | |||||||
| income | 9,906 | 9,906 | 6,000 | |||||
| Total income | 2,216,212 | 653,747 | 2,869,959 | 5,319,752 | ||||
| Expenditure: | ||||||||
| Costs ofraising funds: | ||||||||
| Fees and other fundraising | ||||||||
| expenses | (148,048) | (148,048) | (109,833) | |||||
| Expenditure on charitable |
||||||||
| activities | ||||||||
| Food rescue delivery | 5 | (2,284,976) | (451,089) | (2,736,065) | (1,881,862) | |||
| Total expenditure | (2,433,024) | (451,089) | (2,884,113) | (1,991,695) | ||||
| Net income and movement | in | (216,812) | 202,658 | (14,154) | 3,328,057 | |||
| funds forthe year | ||||||||
| Reconciliation offunds: | ||||||||
| Total funds brought | forward | 4,123,337 | 385,269 | 4,508,606 | 1,180,549 | |||
| Total funds carried forward | 3,906,525 | 587,927 | 4,494,452 | 4,508,606 |
| Notes | 2022 | 2021 | |||
|---|---|---|---|---|---|
| 6 | 6 | ||||
| Cash provided by operating activities |
143,242 | 3,472,132 | |||
| Cash flows from investing | activities | ||||
| Investments in short term |
deposits | (2,928,514) | |||
| withdrawals from short term deposits |
84,293 | ||||
| Purchase oftangible fixed | assets | 10 | (202,046) | (522,798) | |
| Proceeds from disposal of | fixed assets | 22,500 | 8,000 | ||
| Cash used in investing activities |
(95,253) | (3,443,312) | |||
| Increase in cash and cash | equivalents | in the year | 47989 | 28,820 | |
| Cash and cash equivalents | at the beginning ofthe | 863,937 | 835,117 | ||
| year | |||||
| Total cash and cash equivalents atthe |
end ofthe | ||||
| year | 911,926 | 863,937 |
| 3.Donatio | ns and grants |
||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | Totalfunds | ||
| funds | funds | 2022 | 2021 | ||
| 6 | 6 | g | |||
| Donations | and gifts | 1,212,288 | 247,989 | 1,460,277 | 3,701,832 |
| Grants | 978,318 | 405,758 | 1,384,076 | 1,577,491 | |
| Donations | ofgoods &services | 1,600 | |||
| 2,190,606 | 653,747 | 2,844,353 | 5,280,923 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| 8 | 6 | |||||
| Interest | received | on Shawbrook Bank investment |
437 | 743 | ||
| Interest | received | on CAF Bank deposit | account | 152 | 814 | |
| Interest | received | from Bank accounts | 589 | 1,557 | ||
| Interest | credited | on Flagstone Plafform | and reinvested | 6,3&4 | 64 | |
| Interest | accrued | in respect ofFlagstone | Platform | investments | 3,480 | 3,293 |
| 10,453 | 4,914 |
| Unrestricted | Restricted | Total funds | Total | ||
|---|---|---|---|---|---|
| funds | funds | 2022 | funds | ||
| 2021 | |||||
| 6 | |||||
| Charitable | activities | ||||
| Drivers and | logistics personnel | 1,223,060 | 246,480 | 1,469,540 | 1,026,540 |
| Operational | expenditures | 568,964 | 205,759 | 774,723 | 524,987 |
| Total charitable activities | 1,792,024 | 452,239 | 2,244,263 | 1,551,527 | |
| Support costs (Note 6) | 492,952 | 1,150) | 491,802 | 330,335 | |
| 2,284,976 | 451,089 | 2,736,065 | 1,881,862 |
| General support | Governance | Total 2022 | Total | ||
|---|---|---|---|---|---|
| costs | 2021 | ||||
| 6 | 6 | 6 | |||
| Support staff | costs | 208,011 | 208,011 | 190,915 | |
| Legal and other professional fees | 71,991 | 71,991 | 45,143 | ||
| Administrative | overheads | 197,930 | 197,930 | 84,165 | |
| Accountancy | services | 7,270 | 7,270 | 3,512 | |
| Audit fee | 6,600 | 6,600 | 6,600 | ||
| 477,932 | 13,870 | 491,802 | 330,335 |
| . Net inco | me | and expenditure for the year |
||
|---|---|---|---|---|
| 2022 | 2021 | |||
| 6 | 6 | |||
| Operating | leases —warehouses | 138,152 | 104,274 | |
| Depreciation | 189,063 | 103,320 | ||
| Audit fee | 6,600 | 6,600 | ||
| Accountancy | services | 7,270 | 3,512 | |
| .Staff costs | and emoluments | |||
| 2022 | 2021 | |||
| 8 | ||||
| Wages | 1,671,025 | 989,651 | ||
| Social security | costs | 160,996 | 97,492 | |
| Contractors | 50,204 | 170,710 | ||
| Pension costs | 28,099 | 12,998 | ||
| 1,910,324 | 1,270,851 |
| Plant, machinery & |
Office furniture & |
Total | |
|---|---|---|---|
| vehicles | ITequipment | ||
| E | |||
| COST | |||
| As at 1"April 2021 | 844,130 | 30,940 | 875,070 |
| Additions | 175,629 | 26,417 | 202,046 |
| Disposals | (65,695) | (1,221) | (66,917) |
| As at31"March 2022 | 954,064 | 56,136 | 1,010,200 |
| DEPRECIATION | |||
| As at 1 Apri(2021 | 182,963 | 8,759 | 191,722 |
| Charge forthe year | 181,239 | 7,824 | 189,063 |
| Disposals | (43,886) | (486) | (44,372) |
| As at 31"March 2022 | 320,316 | 16,097 | 336,413 |
| NET BOOK VALUE | |||
| As at 31"March 2022 | 633,748 | 40,039 | 673,787 |
| As at 31"March 2021 | 661,167 | 22,181 | 683,348 |
| 1.Debtors | ||
|---|---|---|
| 2022 | 2021 | |
| E | E | |
| Trade debtors | 2,274 | 33,120 |
| Payroll funding | 27,989 | |
| Employee cash advances | 7,442 | 4,950 |
| VAT | 1,148 | 701 |
| Prepayments | 83,965 | 62,669 |
| Interest receivable | 6,770 | 3,293 |
| 129,588 | 104,733 |
| 13.Creditors: Amounts falling due within one |
year | |
|---|---|---|
| 2022 | 2021 | |
| f | ||
| Accruals | 34,133 | 53,204 |
| PAVE and pensions | 7,623 | 4,573 |
| Third party creditors | 23,314 | 14,149 |
| 65,070 | 71,926 |
| ) Current year | |||||
|---|---|---|---|---|---|
| At in April | Incoming | Transfers | Outgoing | At 31"March 2022 | |
| 2021 | resources | between funds | resources | ||
| E | E | E | E | f | |
| General funds | 373,337 | 2,216,212 | 500,000 | (2,433,024) | 656,525 |
| Designated | |||||
| reserve fund | 3,750,000 | (500,000) | 3,250,000 | ||
| 4,123,337 | 2,216,212 | (2,433,024) | 3,906,525 |
| rior year | |||||
|---|---|---|---|---|---|
| At 1"April | Incoming | Transfers | Outgoing | At31"March | |
| 2020 | resources | betweenfunds | resources | 2021 | |
| 6 | 6 | ||||
| Generalfunds | 248,562 | 4,635,641 | (3,000,000) | (1,510,866) | 373,337 |
| Designated | |||||
| reserve fund | 750,000 | 3,000,000 | 3,750,000 | ||
| 998,562 | 4,635,641 | (1,510,866 | 4,123,337 |
| The trustees have de |
signated | the follow | ing reserve funds to en |
sure the charity's contin |
ued expansion: |
|---|---|---|---|---|---|
| Balance at31" | Balance at31" | ||||
| March 2022 | March 2021 | ||||
| 6 | |||||
| Liquidity reserve —six | months | committed | operating costs | 1,800,000 | 1,500,000 |
| Impact 8.Investment | fund | 1,450,000 | 2,250,000 | ||
| 3,250,000 | 3,750,000 |
| a) Current year |
a) Current year |
At 1"April 2021 | Incoming | Outgoing | At31"March |
|---|---|---|---|---|---|
| f | resourcesf | resources 6 |
2022 6 |
||
| Fleet operations | fund | 34,200 | 478,172 | (324,502) | 187,870 |
| Main depot fund | 92,980 | 10,344 | (21,119) | 82,205 | |
| Satellite depot fund | 19,494 | 30,591 | (20,117) | 29,968 | |
| Vehicle purchase | fund | 238,595 | 134,640 | (85,351) | 287,884 |
| 385,269 | 653,747 | (451,089) | 587,927 |
| b) Prior year |
At 1"April | Incoming | Outgoing | At 31"March | |
|---|---|---|---|---|---|
| 2020 | resources | resources | 2021 | ||
| 8 | 6 | 6 | 8 | ||
| Fleet operations | fund | 4,976 | 345,058 | (315,834) | 34,200 |
| Main depot fund | 95,252 | (2,272) | 92,980 | ||
| Satellite depot fund | 44,383 | 86,001 | (110,891) | 19,494 | |
| Vehicle purchase | fund | 123,370 | 157,800 | (42,575) | 238,595 |
| Coolroom and freezer fund | 9,257 | (9,257) | |||
| 181,986 | 684,111 | (480,829) | 385,269 |
| 6.Analysis of net assets | between funds |
|||
|---|---|---|---|---|
| a) Current year |
General funds | Designated | Restricted funds | Total |
| funds | ||||
| f | g | 5 | ||
| Tangible fixed assets | 273,730 | 400,057 | 673,787 | |
| Net current assets | 382,795 | 3,250,000 | 187,870 | 3,820,665 |
| At 31"March 2022 | 656,525 | 3,250,000 | 587,927 | 4,494,452 |
| b) Prior year | General funds | Designated funds |
Restricted funds | Total |
| 6 | 6 | 5 | ||
| Tangible fixed assets | 215,133 | 468,215 | 683,348 | |
| Net current assets At 31"March 2021 |
34,716 249,849 |
3,750,000 3,750,000 |
40,542 508,757 |
3,$25,258 4,508,606 |
| Notes | 2022 | 2021 | |||
|---|---|---|---|---|---|
| f | |||||
| Net movement in funds |
(14,154) | 3,328,057 | |||
| Add back depreciation | charge | 10 | 189,063 | 103,320 | |
| Add back loss on disposal of | fixed assets | 44 | 11,502 | ||
| Increase in debtors |
11 | (24,855) | (12,495) | ||
| (Decrease)/Increase in |
creditors | 13 | (6,856) | 41,748 | |
| Cash provided by operating |
activities | 143,242 | 3,472,132 |