Charity registration number 1165044 WYTHENSHAWE FOOD BANK ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2024 Topping partnership Incom House Waterside Trattord Paik Manchester M17 1WD DX." 20342 S*ford 8roa**way Tel: Fax: 0161886 5000 0161 886 5001 WYTHENSHAWE FOOD BANK LEGAL AND ADMINISTRATIVE INFORMATION Trustees S Halpern T Rawlins A Pelrou V McDowell V Quek Mr Jonathan Bromley (Appointed 13 Novtsm￿r 20231 Charity number 1165044 Principal address The Enterprise Centre 34 Ben¢hill Road M22 8LF Indèpandent axaminar Topping Partnership IAccoLJntants} Limited Incom House Waterside Trafford Park Manchester M17 1WD WYTHENSHAWE FOOD BANK CONTENTS Page Chair's report Trustees, report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 7-11 WYTHENSHAWE FOOD BANK TRUSTEES, REPORT FOR THE YEAR ENDED 3 APRIL 2024 The Trustees present their annual report and fin8nci81 statements for the year ended 3 April 2024. The financial ststemenls have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's goveming document, the Charitiès Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended practi￿ applicable to charities preparing their accoLJnts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191" Oblectlvés and actlvltles 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 c(Fordinated approach lo food crisis in Wythenshawe by bringing together a number of existing foodbanks who were supporting people in need. The main purpose of WFB is lo provide food and other essential items lo people experiencing food crisis and exireme poverty in Wythenshawe, Manchgsler through an organisation of foodbanks supported by trained volunteers. The organisation aims to help people experienang 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, suptx)rt with benefit claims, housing, and other services lo meet need. Wythenshawe Foodbank works by having a central warehouse where donations are collected and distributed out lo community hubs and uses the Trussell Trust model. Th8 prèv8ntion or reliéf from povèty in Wyih8nshawe, Greatèr Manch&sl&r, through the provision of infomiation, advice, guidance and food and basi¢ essential items to individLJals in need and other charities and organisations working to prevenl or relieve poverty. Public benefit The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. The Trustees adhere lo The Charities Commission statements on Public Benefit. Achievements and performance Significant &¢tNvities and achievements against objectives The key achievements fDr the year are as follows.. Opened a new Foodbank in Baguely Provided 40,000 meals 2,500 people fed Collected over 20 tons of foDd Built on a payroll giving scheme al WCHG, generating £150 per month WYTHENSHAWE FOOD BANK TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 3 APRIL 2024 Flnan¢lal revlew Accounts for 23124 are due for submission lo the Charities Commission website in March 2025. As the income was over the £25,000 income threshold, we are currently having them independently examined with a view to signing them off at our next meeting. Tha 22123 accounts havè bèèn uploadèd and accepted by tha Charitias Commission and arè available onlin8. Thank you to Tony Pelrou & Topping Partnership for this valuable contribution to make that happen. The charity is in a sound financial position, but funding and sustainability will always remain a key priority. The charity had reserves of £94,419 at the start of the period and £105,437 at the 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 Importan￿ of having a reserves policy. The reserves policy is an a￿a of focus for Trustees. Resernes policy 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 lo continue the Charity's current activities while consideration is given lo ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Major risks The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposLJre to the major risks. Plans for future periods Developing a vision for the future Recruiting more trustees with the relevant knowledge and experience lo move us forward Funding and sustsinability lo meet ntreds into the future Deliver against quality assurance action plan from Trussell Trust Building a food eco system in Wythenshawe lo help move people away from food crisis. structurei govemance and management The charity is a Charitable Incorporated Organisalion registered with the UK Charities Cornmission on 5 January 2016. The charity number is 1165044.11 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 lo the dale of signature of the financial statements were.. J Naraynsingh {Resigned 1 July 20231 S Halpern T Rawlins M Edge A Petrou V M¢Dowell V Quek J Hunt Mr Jonathan Bromley {Resigned 31 January 20241 IResigned 22 February 20241 {Appointed 13 November 20231 wYrHENSHAWE FOOD BANK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 3 APRIL 2024 ReGruitment and appointment of trustees None of the Trustees have any beneficial interest in the company. All of the Tnjstees 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. d2etÈOH A Petrou Trustee 9 October 2024 WYTHENSHAWE FOOD BANK INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OFWYTHENSHAWE 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 2024. 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 ChariliesAct 2011 Ilhe 2011 Acti. I report in respect of my examination of the Charity's financial statgments 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 Commi&8ion under section 14515llbl of the 2011 Act. Indopondant 8xamln8rfs statamant Your attention is drawn lo the fact that the charity has prepared financial statements in accordan￿ with Accounting and Reporting by Charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preferen￿ lo the Acwunting and Reporting by Charities.. Stslemenl of Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulations bul has now been thdrawn. l understand that this has been done in order for financial slalements to provide a true and fair view in accordan with Generally Accepted Accounting practi￿ effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confimi that no matters have come lo my attention in connedion with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 kl,. or the financial statements do not accord with those records,. or the financial ststements do not comply with the applicable requirements concemlng the fomi and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matler considered as part of an independent examination. I have no concerns and have come across no other matters in connection ¥Mlh the examination to which attention should be drawn in this report in order to enable a proper understanding of the finanrAal statements to be leached. Topplng Partnership {A¢¢ountants) Llmltod Sus8n Wilcock FCCA Independent Examiner Incom House Waterside Trafford Park Manchester M171WD Dated.. 90ctober 2024 WYTHENSHAWE FOOD BANK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 3 APRIL 2024 Unrastricted funds 2024 Unrestricted funds 2023 Notes Income from: Donations and legacies 67,124 64,115 Total income 67,124 64,115 Expenditure on.. Charitable activities 56,106 58,178 Total expenditure 56,106 58,178 Net Income and movement In funds 11,018 5,937 Re¢on¢iliation of funds- Fund balan￿S at 4 April 2023 94,419 88,482 Fund balances at 3 Aprll 2024 105,437 94,419 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. WYTHENSHAWE FOOD BANK BALANCE SHEET ASAT3APRIL 2024 2024 2023 Current assets Cash al bank and in hand 107,028 98.608 Credltors: amounts falllng duo wlthln ona yaar 11,5911 14,1891 Not curront assets 105.437 94,419 Not assets oxcludlng penslon Ilablllty 105,437 94,419 The fund5 of the Charity Unrestricted funds 105,437 94,419 105,437 94,419 The financial statements were approved by the Trustee8 on 9 October 2024 A Pelrou Trustse WYTHENSHAWE FOOD BANK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 APRIL 2024 Ac¢ountlng poll¢les Charity infomiation Wythenshawe Food Bank is a Charitable Incorporate Organisation registered with The Charities Commission on 5 January 2016. It is govemed by these rules and its constituts'on dated 9 September 2017. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the Charity's conslilulion, the Charities Act 2011 and 'Accounling and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191" 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 stslem8nls are prepared in sleding, which is the functional currency of the Charity. Monetary amounts in thesè financial statèm8nts arè roundéd to tha naarest £. The financial stslemenls have been prepared under the historical Cost ¢onvenlion. The principal ac¢ounling policies adopted are set out below. 1.2 Going ¢on¢ern 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 or grantors as lo how they may be used. The purposes and uses of the reslrioled funds are sel out in the notes lo the financial slatemenls. 1.4 Incomè Income is recognised when the Charity is legally enlilled to it after any performance conditions have been mel, the amounts can be measured reliably, and il 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 p8rformance wndilions require deferral of the amount. Inwme tsx rewverable in relation to donations received under GiftAid or deeds of ¢ovenant is recognised at the time of re¢eipt. 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 2024 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 ol financial activities lo which il relat88'. expenditure on raising funds includes all the Costs of all fundraising activities, events, non-¢haritable trading aclivities, and the sale ol donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and cosls relaling to the governance of the charity appointed to charitable activities. other expenditure indudes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable aclivilies. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs attributable lo a single activity are allocated direcdy to the activity. Shared wsls ar& apportioned ￿tween the activities they ¢onlribule to on a reasonable, juslifiablo and ¢onsislent basis. 1.6 Cash and cash oquivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lerm liquid investments with original maturities of three months or less, and bank overdrafts. 8ank overdrafts are shown within borrowings in current liabilities. Basic financial assets Basic financial assets, which indude debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at am0￿Sed cost using the effective interest rnethod unless the arrangemenl conslitutes a financing transaction, where the transaction is measured at the present value of the future re￿iptS 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 al transaction price unless the arrangement constilules a financing Iransaclion, where the debt instrument is rneasured al the present value of the future payments diswunted at a market rate of interest. Financial liabilities classified as payable within one year are not amortisgd. Debt instruments are subsequently carried at am0￿Sed cost, using the effective inlerest 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-currenl liabilities. Trade creditors are recognised initially at transaction price and subsequently measured al arnortised cost using the effective interest melh¢yJ. Derecognition of financial liabilities Financial liabilities ar8 d8reGognised when th& Charity's ¢ontra¢tual obligations expiro or discharged or cancelled. 1.7 Employee benefits Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed lo terminate the employment of an employee or lo provide termination benefits. 1.8 R8tirom&nt benefits Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due. WYTHENSHAWE FOOD BANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 3 APRIL 2024 Crltl¢al a¢countlng e$tlmates and judgements In the application of the Charity's acwunting policies, the Trustees are required lo make judgements, estimates and assumptions about thè carrying amount of assets and liabilit16S that are not readily apparent from other sourcès. The estimates and associated assLJmptions are based on historical experience and other factors that are considered to be relevant. ActLJal results may differ from these estimates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales 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 fvture periods. Income from donations and legacies Unrestricted fund5 2024 Unrestricted fund5 2023 Donations and gifts 67,124 64,115 Expenditure on charitable activities Heading #ac982 2024 Heading #ac982 2023 Direct costs Staff costs Premises Food Professional Fees Bank Charges Travel 31,835 1,390 20,728 2,153 31,995 1,290 23,177 1,645 66 56,106 58,178 Analysis by fund Unrestricted funds 56,106 58,178 N¢t movement In funds 2024 2023 The net movement in funds is ststed after chargingllcredilingl.. Trustees None of the Trustees lor any persons connected with them) received any remuneration or benefits from the Charity during the year. WYTHENSHAWE FOOD BANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 3 APRIL 2024 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Employment costs 2024 2023 Wages and salaries Other pension costs 31.240 595 31.427 568 31,835 31,995 There were no employees whose annual remuneration was more than £60,000. Taxatlon The charity is exempl from tsxation on ils activities because all its income is applied for charitable purposes. Creditors- amounts falling due within one year 2024 2023 Other taxation and social security Other creditors A¢¢ruals and deferred in¢ome 357 968 2,561 660 1,234 1,591 4,189 10 R8tirem&nt benafit sch&m•s 2024 2023 Defined contribution schemes Charge lo profil or loss in respect of defined contribution schemes 595 568 The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme ara held separately from those of the Charity in an independendy administered fund. 10- WYTHENSHAWE FOOD BANK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 3 APRIL 2024 11 Unre$trl¢ted funds The unrestricted funds of the charity comprise the unexpended b818nces of donations and grants which are not subject to specifie ¢onditions by donors and grantors as to how thèy may be used. These in¢lude designated funds which have been set aside OLJt of unrestricted funds by the trustees for specific purposes. At 4 Aprll 2023 In¢omlng rèsourcès R¢sour¢¢$ oxpèndèd At 3 Aprll 2024 General funds 94,419 67,124 156,1061 105,437 Previous year.. At 4 April 2022 Incoming resources Resources expended At 3 April 2023 General funds 88,482 64,115 158,1781 94,419