OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-04-03-accounts

Charity registration number 1165044

WYTHENSHAWE FOOD BANK

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 3 APRIL 2022

WYTHENSHAWE FOOD BANK

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees J Naraynsingh
S Halpern
T Rawlins
M Edge
A Petrou
V McDowell
V Quek (Appointed 26 July 2022)
J Hunt (Appointed 18 October
2022)
Charity number 1165044
Principal address The Enterprise Centre
34 Benchill Road
M22 8LF
Independent examiner Topping Partnership (Accountants) Limited
Incom House
Waterside
Trafford Park
Manchester
M17 1WD

WYTHENSHAWE FOOD BANK

CONTENTS

Page
Chair’s report 1
Trustees' report 2 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 11

WYTHENSHAWE FOOD BANK

CHAIR’S REPORT

FOR THE YEAR ENDED 3 APRIL 2022

I would like to acknowledge the valuable contributions of everybody involved in the running of Wythenshawe Foodbank. Whether you run a foodbank venue, volunteer at one, have donated food or money, gone the extra mile for someone in crisis, you can be proud of everything that you have contributed.

I think we all share a mutual sadness that the need to provide this service is even necessary – nobody in the UK should be going hungry. Nevertheless, our response to this issue as a community is a testament to the people living here.

While we have begun to live with Covid19, there have been long term ramifications that the pandemic has had on the communities we serve. People are experiencing poor health, educational outcomes have dropped as well as a push from government to reduce borrowing. Inflationary pressures started to grow and energy prices increasing from late 2021 as it became clear that war in Ukraine was imminent. All of which created more demand for our services.

Victoria McDowell

Chair

Date: 28 February 2023

WYTHENSHAWE FOOD BANK

TRUSTEES' REPORT FOR THE YEAR ENDED 3 APRIL 2022

The Trustees present their annual report and financial statements for the year ended 3 April 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Charities Act 2011 and "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)".

Objectives and activities

In shaping the Charity’s objectives, the trustees have paid due regard to the public benefit guidance published by the Charity Commission. Wythenshawe Foodbank was established in January 2016 to create a co-ordinated approach to food crisis in Wythenshawe by bringing together a number of existing foodbanks who were supporting people in need. The main purpose of WFB is to provide food and other essential items to people experiencing food crisis and extreme poverty in Wythenshawe, Manchester through an organisation of foodbanks supported by trained volunteers.

The organisation aims to help people experiencing poverty and financial hardship, primarily by the provision of emergency food, but also by working with other agencies who provide additional support, for example fuel poverty, support with benefit claims, housing, and other services to meet need.

Wythenshawe Foodbank works by having a central warehouse where donations are collected and distributed out to community hubs and uses the Trussell Trust model.

The prevention or relief from poverty in Wythenshawe, Greater Manchester, through the provision of information, advice, guidance and food and basic essential items to individuals in need and other charities and organisations working to prevent or relieve poverty.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

The Trustees have the following focus' for the next accounting period;

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

Achievements and performance

Financial review

The charity had reserves of £89,315 at the period end. This is working capital.

The reserves were achieved both from donations via grant making bodies and generous donations. In the coming year the Charity will continue to apply for external funding as is appropriate for agreed budgets.

The Trustees recognise the importance of having a reserves policy. The reserves policy is an area of focus for Trustees.

WYTHENSHAWE FOOD BANK

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 3 APRIL 2022

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for future periods

Structure, governance and management

The charity is a Charitable Incorporated Organisation registered with the UK Charities Commission on 5 January 2016. The charity number is 1165044. It is governed by these rules and the constitution dated 9 September 2017.

The principal place of business is Wythenshawe Community Housing Group, Wythenshawe, Manchester, M22 9TA

The Trustees who served during the year and up to the date of signature of the financial statements were: P Moran (Resigned 26 July 2022) J Naraynsingh S Halpern T Rawlins M Edge A Petrou V McDowell V Quek (Appointed 26 July 2022) J Hunt (Appointed 18 October 2022)

None of the Trustees have any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The trustees' report was approved by the Board of Trustees.

A Petrou Trustee

2 March 2023

WYTHENSHAWE FOOD BANK

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF WYTHENSHAWE FOOD BANK

I report to the Trustees on my examination of the financial statements of Wythenshawe Food Bank (the Charity) for the year ended 3 April 2022.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 that in any material respect:

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 financial statements to be reached.

Topping Partnership (Accountants) Limited

Barbara Shuttleworth CTA Independent Examiner

Incom House Waterside Trafford Park Manchester M17 1WD

Dated: .........................

WYTHENSHAWE FOOD BANK

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 3 APRIL 2022

Unrestricted Unrestricted
Restricted
funds
funds
funds
2022
2021
2021
Notes
£
£
£
Income from:
Donations and legacies
3
36,490
75,369
-
Expenditure on:
Charitable activities
4
39,212
15,958
-
Gross transfers between funds
-
24,600
(24,600)
Net (expenditure)/income for the year/
Net movement in funds
(2,722)
84,011
(24,600)
Fund balances at 4 April 2021
91,204
7,193
24,600
Fund balances at 3 April 2022
88,482
91,204
-		 Total
2021
£
75,369
15,958
-
59,411
31,793
91,204

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

WYTHENSHAWE FOOD BANK

BALANCE SHEET

AS AT 3 APRIL 2022

Notes
Current assets
Debtors
7
Cash at bank and in hand
Creditors: amounts falling due within
one year
8
Net current assets
Income funds
Unrestricted funds		 2022
£
36
89,315
89,351
(869)		 £
88,482
88,482
88,482		 2021
£
37
91,827
91,864
(660)		 £
91,204
91,204
91,204

The financial statements were approved by the Trustees on 2 March 2023

A Petrou Trustee

WYTHENSHAWE FOOD BANK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2022

1 Accounting policies

Charity information

Wythenshawe Food Bank is a Charitable Incorporate Organisation registered with The Charities Commission on 5 January 2016. It is governed by these rules and its constitution dated 9 September 2017.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's constitution, the Charities Act 2011 and "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)". The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

WYTHENSHAWE FOOD BANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 3 APRIL 2022

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT that cannot be recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to the activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

WYTHENSHAWE FOOD BANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 3 APRIL 2022

1 Accounting policies

(Continued)

1.8 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted Unrestricted
funds funds
2022 2021
£ £
Donations and gifts 36,490 75,369

WYTHENSHAWE FOOD BANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 3 APRIL 2022

4 Charitable activities

Charitable
Expenditure
Charitable
Expenditure
2022
2021
£
£
Staff costs
20,558
-
Premises
933
11,353
Food
16,811
3,275
Professional Fees
416
663
Bank Charges
16
100
Repairs
478
392
Travel
-
175
39,212
15,958
39,212
15,958		 Charitable
Expenditure
Charitable
Expenditure
2022
2021
£
£
Staff costs
20,558
-
Premises
933
11,353
Food
16,811
3,275
Professional Fees
416
663
Bank Charges
16
100
Repairs
478
392
Travel
-
175
39,212
15,958
39,212
15,958		 Charitable
Expenditure
Charitable
Expenditure
2022
2021
£
£
Staff costs
20,558
-
Premises
933
11,353
Food
16,811
3,275
Professional Fees
416
663
Bank Charges
16
100
Repairs
478
392
Travel
-
175
39,212
15,958
39,212
15,958
2022
£
20,558
933
16,811
416
16
478
-
39,212
39,212		 2021
£
-
11,353
3,275
663
100
392
175
15,958
15,958

5 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

6 Employees

The average monthly number of employees during the year was:

2022 2021
Number Number
2 -
Employment costs 2022 2021
£ £
Wages and salaries 20,297 -
Other pension costs 261 -
20,558 -

There were no employees whose annual remuneration was more than £60,000.

7 Debtors
2022 2021
Amounts falling due within one year: £ £
Prepayments and accrued income 36 37

WYTHENSHAWE FOOD BANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 3 APRIL 2022

8 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Other taxation and social security
Accruals and deferred income		 2022
£
209
660
869		 2021
£
-
660
660