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|||||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|
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|||||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|
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|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|
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||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|
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|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|
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|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|
##
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|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|
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||||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|