CHARITY REGISTRATION NUMBER: 1165332
Carlisle Foodbank
Unaudited Financial Statements 31 March 2022
SAINT & CO
Chartered Accountants Saint & Co Chartered Accountants Sterling House Wavell Drive Rosehill Carlisle Cumbria CA1 2SA
Carlisle Foodbank
Financial Statements
Year ended 31 March 2022
| PAGE | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 17 |
| Notes to the detailed statement of financial activities | 19 |
Carlisle Foodbank
Trustees' Annual Report
Year ended 31 March 2022
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2022.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name Carlisle Foodbank Charity registration number 1165332 Principal office Unit 4, Tower Court West Tower Street Carlisle CA3 8QT
THE TRUSTEES
Miss R M Rodway (Deceased 25 April 2022) Mrs C Bowditch Rev D G Pitkeathly (Resigned 8 September 2021) Mrs J Gadman (Resigned 8 September 2021) C Prescott-Develing (Appointed 8 September 2021) Mrs A M Pattinson (Resigned 8 September 2021) Ms N Iveson Mr E Bryant (Appointed 8 September 2021) Mr S Jermin (Appointed 8 September 2021) SJ Angus (Appointed 8 September 2021) Mr N McNulty (Appointed 23 March 2022) INDEPENDENT EXAMINER Stuart Farrer FCA Saint & Co Chartered Accountants Sterling House Wavell Drive Rosehill Carlisle Cumbria CA1 2SA
STRUCTURE, GOVERNANCE AND MANAGEMENT
Carlisle Foodbank has been set up as a Charitable Incorporated Organisation (CIO) registered with the Charity Commission (registration number: 1165332) on 27th January 2016. The object and powers of the CIO are established in its governing document which is an association constitution. The Foodbank is run by a board of trustees, with co-opted members. There are two paid members of staff: a part-time Foodbank Manager, and a part-time Assistant Manager. Approximately twelve meetings of the Board are held annually.
Trustee vacancies are advertised internally and externally and expressions of interest are followed up with a selection process and a vote at a board meeting. A majority vote of the board members is required for the appointment of a trustee.
The Trustees confirm that they have complied with section 17(5) of the 2011 Charities Act in having paid due regard to the Charities Commission guidance on public benefit.
Key Management Personnel
The trustees have control of the charity so do not consider that any staff are key management personnel.
- 1 -
Carlisle Foodbank
Trustees' Annual Report (continued)
Year ended 31 March 2022
OBJECTIVES AND ACTIVITIES
The aim of the Foodbank is relief of hunger of vulnerable people in Carlisle by providing food parcels to those referred by third parties. Over three thousand emergency parcels have been distributed this year, about onethird of which were for children. Food is donated through a variety of ways but mainly by members of the public and businesses. Shortages of essential food are covered by purchases using existing funds.
The volume of donations in kind has diminished but our regular donors, and many others, have given financial donations. The reduction in food donations is a concern as this comes at a time of increasing demands on the service, and means using additional finances to supplement the food needs. This is highlighted in the accounts and is something that we are considering addressing with other affordable food outlets, to encourage a more coordinated approach to how food donations are distributed across services in the city. In the past year we have also been building on the initiatives in place to increase donations in traditional and creative new ways, such as the 'book the bin' challenge and regular events with local supermarkets.
ACHIEVEMENTS AND PERFORMANCE
It has been the first full year in our premises at Tower Court and the first post- pandemic year of operation. The premises has provided us with a space that is functional and has met the increasing needs of households referred to us. Having a 'shop front' means that people and businesses know where to go to drop off donations, but having limited space inside means we are, at times, asking people to queue outside, which is not ideal. We also do not have the internal space to expand on some of the services that would provide an additional benefit to the households referred to us. However the building, staff and volunteers continue to provide a valued and positive experience to the households accessing us for emergency food. In recognition of the importance of our staff and volunteers we take this opportunity to say thank you: they have kept the foodbank going through a challenging few years which have seen changes in premises, responding to the various demands of the pandemic and the current cost of living crisis. Carlisle Foodbank could not work without these incredible people. This past year has seen the roles of both the manager and deputy manager change, both in terms of the number of hours being worked and the level of responsibility they carry. Their contribution has brought greater professionalism to the Foodbank and enhanced the well-being of volunteers and users, enabling high quality service to be provided, despite a steep increase in demand.
We now have access to internet banking, which provides an easier and more effective system for payments, and we are in the process of consolidating the two current accounts with the local building society. As we look to the next year, we want to build on the positive foundations and our immediate priority is to be prepared to meet the growing need for emergency food. This may mean looking to pilot an additional day of opening over the winter period, and additional training for referral agencies to support appropriate referrals. We also want to update our business plan over the next year to reflect internal and external changes, but also provide a 'road map' for Carlisle Foodbank's future sustainability.
FINANCIAL REVIEW
During the financial year 2021-2022 the total incoming resources of the charity were £261,545 of which £7,650 were restricted funds and £253,895 was unrestricted. Total resources expended for the charity were £235,515 of which £9,306 was restricted and £226,209 was unrestricted, resulting in a total surplus of £26,030.
The total amount of reserves at the year end was £195,027 compared to £168,997 in 2021. This is represented by restricted funds of £2,061 and unrestricted funds of £192,966.
- 2 -
Carlisle Foodbank
Trustees' Annual Report (continued)
Year ended 31 March 2022
The trustees' annual report was approved on 28[th] November 2022 and signed on behalf of the board of trustees by:
Mr N McNulty Trustee
- 3 -
Carlisle Foodbank
Independent Examiner's Report to the Trustees of Carlisle Foodbank
Year ended 31 March 2022
I report to the trustees on my examination of the financial statements of Carlisle Foodbank ('the charity') for the year ended 31 March 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 Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
INDEPENDENT EXAMINER'S STATEMENT
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection 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 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set 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 matter considered as part of an independent examination.
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 accounts to be reached.
Stuart Farrer FCA Independent Examiner
Saint & Co Chartered Accountants Sterling House Wavell Drive Rosehill Carlisle Cumbria CA1 2SA
29[th] November 2022
- 4 -
Carlisle Foodbank
Statement of Financial Activities
Year ended 31 March 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 253,895 | 7,650 | 261,545 | 207,415 |
| Investment income | 5 | – | – | – | 16 |
| ---------------------------------- | ------------------------ | ---------------------------------- | ---------------------------------- | ||
| Total income | 253,895 | 7,650 | 261,545 | 207,431 | |
| ================================== | ======================== | ================================== | ================================== | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of raising donations and | |||||
| legacies | 6 | 165,969 | – | 165,969 | 94,188 |
| Expenditure on charitable activities | 7 | 60,151 | 9,306 | 69,457 | 35,405 |
| Other expenditure | 8 | 89 | – | 89 | 325 |
| ---------------------------------- | ------------------------ | ---------------------------------- | ---------------------------------- | ||
| Total expenditure | 226,209 | 9,306 | 235,515 | 129,918 | |
| ================================== | ======================== | ================================== | ================================== | ||
| ---------------------------------- | ------------------------ | ---------------------------------- | ---------------------------------- | ||
| Net income | 27,686 | (1,656) | 26,030 | 77,513 | |
| ================================== | ======================== | ================================== | ================================== | ||
| Transfers between funds | (116) | 116 | – | – | |
| ---------------------------------- | ------------------------ | ---------------------------------- | ---------------------------------- | ||
| Net movement in funds | 27,570 | (1,540) | 26,030 | 77,513 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 165,396 | 3,601 | 168,997 | 91,484 | |
| ---------------------------------- | ------------------------ | ---------------------------------- | ---------------------------------- | ||
| Total funds carried forward | 192,966 | 2,061 | 195,027 | 168,997 | |
| ================================== | ======================== | ================================== | ================================== |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 15 form part of these financial statements.
- 5 -
Carlisle Foodbank
Statement of Financial Position
31 March 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| FIXED ASSETS | ||||
| Tangible fixed assets | 13 | 971 | 1,231 | |
| CURRENT ASSETS | ||||
| Stocks | 14 | 33,511 | 41,634 | |
| Debtors | 15 | 1,229 | 1,042 | |
| Cash at bank and in hand | 166,190 | 126,365 | ||
| ---------------------------------- | ---------------------------------- | |||
| 200,930 | 169,041 | |||
| CREDITORS: amounts falling due within one year | 16 | (6,874) | (1,275) | |
| ---------------------------------- | ---------------------------------- | |||
| NET CURRENT ASSETS | 194,056 | 167,766 | ||
| ---------------------------------- | ---------------------------------- | |||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 195,027 | 168,997 | ||
| ---------------------------------- | ---------------------------------- | |||
| NET ASSETS | 195,027 | 168,997 | ||
| ================================== | ================================== | |||
| FUNDS OF THE CHARITY | ||||
| Restricted funds | 2,061 | 3,601 | ||
| Unrestricted funds | 192,966 | 165,396 | ||
| ---------------------------------- | ---------------------------------- | |||
| Total charity funds | 18 | 195,027 | 168,997 | |
| ================================== | ================================== |
These financial statements were approved by the board of trustees and authorised for issue on 28[th] November 2022, and are signed on behalf of the board by:
Mr N McNulty Trustee
The notes on pages 7 to 15 form part of these financial statements.
- 6 -
Carlisle Foodbank
Notes to the Financial Statements
Year ended 31 March 2022
1. GENERAL INFORMATION
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 49 Raven Street, Carlisle, CA1 2DQ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The charity has taken advantage of the disclosure exemptions permitted by the Charities SORP 2015 (FRS102) regarding inclusion of a Statement of Cash Flows as the Charity is a small charity as defined in Update Bulletin 1 of the Charities SORP (FRS102).
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Significant judgements
The trustees do not consider there to be any significant judgements made in the preparation of the financial statements.
Key sources of estimation uncertainty
The values of donated goods received, and distributed, in the year have been estimated based on an average number of food parcels received and a nominal value of a food parcel. The year end stock figure also includes an element of estimation as average cost values are allocated to categories of similar food items. The trustees consider these estimates to be a fair representation of the values of donated and distributed goods and of stock held at the balance sheet date. Other accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.
- 7 -
Carlisle Foodbank
Notes to the Financial Statements (continued)
Year ended 31 March 2022
3. ACCOUNTING POLICIES (continued)
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing any trade discounts due.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
- 8 -
Carlisle Foodbank
Notes to the Financial Statements (continued)
Year ended 31 March 2022
3. ACCOUNTING POLICIES (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of 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 costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Operating leases
Lease payments are recognised as an expense over the lease term in line with the payment structure established by the lessor. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment - 15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
- 9 -
Carlisle Foodbank
Notes to the Financial Statements (continued)
Year ended 31 March 2022
3. ACCOUNTING POLICIES (continued)
Stocks
Stocks, whether donated or purchased, are for distribution to beneficiaries and are measured at the fair value of the goods at the time of receipt. The carrying amount is assessed for impairment at the reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. DONATIONS AND LEGACIES
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| DONATIONS | |||
| Donations - Foodbank | 78,752 | 850 | 79,602 |
| Donated goods | 157,846 | – | 157,846 |
| HMRC Gift Aid | 7,297 | – | 7,297 |
| Donations - Grants | 10,000 | 6,800 | 16,800 |
- 10 -
Carlisle Foodbank
Notes to the Financial Statements (continued)
Year ended 31 March 2022
4. DONATIONS AND LEGACIES (continued)
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| GRANTS | |||||
| CCF grant - tents for rough sleepers | – | – | – | ||
| ---------------------------------- | ------------------------ | ---------------------------------- | |||
| 253,895 | 7,650 | 261,545 | |||
| ================================== | ======================== | ================================== | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| DONATIONS | |||||
| Donations - Foodbank | 90,881 | 2,243 | 93,124 | ||
| Donated goods | 97,427 | – | 97,427 | ||
| HMRC Gift Aid | – | – | – | ||
| Donations - Grants | 7,450 | 7,500 | 14,950 | ||
| GRANTS | |||||
| CCF grant - tents for rough sleepers | – | 1,914 | 1,914 | ||
| ---------------------------------- | ----------------------------- | ---------------------------------- | |||
| 195,758 | 11,657 | 207,415 | |||
| ================================== | ============================= | ================================== | |||
| 5. | INVESTMENT INCOME | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | – | – | 16 | 16 | |
| =============== | =============== | =============== | =============== | ||
| 6. | COSTS OF RAISING DONATIONS AND LEGACIES | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Costs of raising donations and legacies - | |||||
| Donations | 165,969 | 165,969 | 94,188 | 94,188 | |
| ================================== | ================================== | ============================= | ============================= | ||
| 7. | EXPENDITURE ON CHARITABLE ACTIVITIES | BY ACTIVITY TYPE | |||
| Activities | |||||
| undertaken | Total funds | Total fund | |||
| directly | Support costs | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| Foodbank | 67,896 | – | 67,896 | 34,108 | |
| Governance costs | – | 1,561 | 1,561 | 1,297 | |
| ----------------------------- | ------------------------ | ----------------------------- | ----------------------------- | ||
| 67,896 | 1,561 | 69,457 | 35,405 | ||
| ============================= | ======================== | ============================= | ============================= |
- 11 -
Carlisle Foodbank
Notes to the Financial Statements (continued)
Year ended 31 March 2022
8. OTHER EXPENDITURE
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Loss on disposal of tangible fixed assets | |||||
| held for charity's own use | 89 | 89 | 325 | 325 | |
| =============== | =============== | =============== | =============== | ||
| 9. | NET INCOME | ||||
| Net income is stated after charging/(crediting): | |||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 171 | 217 | |||
| Loss on disposal of tangible fixed assets | 89 | 325 | |||
| =============== | =============== | ||||
| 10. | INDEPENDENT EXAMINATION FEES | ||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | 600 | 530 | |||
| Other financial services | 961 | 767 | |||
| --------------- | ------------------------ | ||||
| 1,561 | 1,297 | ||||
| =============== | ======================== | ||||
| 11. | STAFF COSTS | ||||
| The total staff costs and employee benefits | for the reporting period are analysed as follows: | ||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Wages and salaries | 16,890 | 14,780 | |||
| Employer contributions to pension plans | 506 | – | |||
| ----------------------------- | ----------------------------- | ||||
| 17,396 | 14,780 | ||||
| ============================= | ============================= | ||||
| The average head count of employees during the year was 2 (2021: 1). | |||||
| 2022 | 2021 | ||||
| No. | No. | ||||
| Foodbank staff | 2 | 1 | |||
| =============== | =============== |
No employee received employee benefits of more than £60,000 during the year (2021: Nil).
12. TRUSTEE REMUNERATION AND EXPENSES
No remuneration or expenses were paid to any trustee by the charity during the year.
- 12 -
Carlisle Foodbank
Notes to the Financial Statements (continued)
Year ended 31 March 2022
13. TANGIBLE FIXED ASSETS
| Equipment | ||
|---|---|---|
| £ | ||
| Cost | ||
| At 1 April 2021 | 2,202 | |
| Disposals | (184) | |
| ------------------------ | ||
| At 31 March 2022 | 2,018 | |
| ======================== | ||
| Depreciation | ||
| At 1 April 2021 | 971 | |
| Charge for the year | 171 | |
| Disposals | (95) | |
| ------------------------ | ||
| At 31 March 2022 | 1,047 | |
| ======================== | ||
| Carrying amount | ||
| At 31 March 2022 | 971 | |
| ======================== | ||
| At 31 March 2021 | 1,231 | |
| ======================== | ||
| STOCKS | ||
| 2022 | 2021 | |
| £ | £ | |
| Raw materials and consumables | 33,511 | 41,634 |
| ============================= | ============================= | |
| Included in the year end stock figure for 2022 are supermarket vouchers to the value of £6,800. |
14. STOCKS
15. DEBTORS
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Prepayments and accrued income | 1,229 | 1,042 | |
| ======================== | ======================== | ||
| 16. | CREDITORS: amounts falling due within one year | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Trade creditors | 5,481 | – | |
| Accruals and deferred income | 1,300 | 1,275 | |
| Other creditors | 93 | – | |
| ------------------------ | ------------------------ | ||
| 6,874 | 1,275 | ||
| ======================== | ======================== |
17. PENSIONS AND OTHER POST RETIREMENT BENEFITS
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £506 (2021: £Nil).
- 13 -
Carlisle Foodbank
Notes to the Financial Statements (continued)
Year ended 31 March 2022
18. ANALYSIS OF CHARITABLE FUNDS
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| 31 March 202 | |||||
| At 1 April 2021 | Income | Expenditure | Transfers | 2 | |
| £ | £ | £ | £ | £ | |
| General funds | 165,396 | 253,895 | (226,209) | (116) | 192,966 |
| ================================== | ================================== | ================================== | =============== | ================================== | |
| At | |||||
| 31 March 202 | |||||
| At 1 April 2020 | Income | Expenditure | Transfers | 1 | |
| £ | £ | £ | £ | £ | |
| General funds | 91,376 | 195,774 | (123,723) | 1,969 | 165,396 |
| ============================= | ================================== | ================================== | ======================== | ================================== | |
| Restricted funds | |||||
| At | |||||
| 31 March 202 | |||||
| At 1 April 2021 | Income | Expenditure | Transfers | 2 | |
| £ | £ | £ | £ | £ | |
| CCF Rough Sleepers | 1,449 | – | (1,565) | 116 | – |
| CCC: Funding for moving | |||||
| costs | – | 3,800 | (3,800) | – | – |
| CCC: Funding for | |||||
| electricals for new | |||||
| premises | – | – | – | – | – |
| Food voucher scheme | 2,152 | 420 | (511) | – | 2,061 |
| CCF: Food for parcels | – | 3,000 | (3,000) | – | – |
| Miscellaneous restricted | |||||
| funds | – | 430 | (430) | – | – |
| ------------------------ | ------------------------ | ------------------------ | --------------- | ------------------------ | |
| 3,601 | 7,650 | (9,306) | 116 | 2,061 | |
| ======================== | ======================== | ======================== | =============== | ======================== | |
| At | |||||
| 31 March 202 | |||||
| At 1 April 2020 | Income | Expenditure | Transfers | 1 | |
| £ | £ | £ | £ | £ | |
| CCF Rough Sleepers | 108 | 1,914 | (573) | – | 1,449 |
| CCC: Funding for moving | |||||
| costs | – | 5,000 | (4,037) | (963) | – |
| CCC: Funding for | |||||
| electricals for new | |||||
| premises | – | 2,500 | (1,494) | (1,006) | – |
| Food voucher scheme | – | 2,243 | (91) | – | 2,152 |
| CCF: Food for parcels | – | – | – | – | – |
| Miscellaneous restricted | |||||
| funds | – | – | – | – | – |
| --------------- | ----------------------------- | ------------------------ | ------------------------ | ------------------------ | |
| 108 | 11,657 | (6,195) | (1,969) | 3,601 |
|
| =============== | ============================= | ======================== | ======================== | ======================== |
- 14 -
Carlisle Foodbank
Notes to the Financial Statements (continued)
Year ended 31 March 2022
19. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Tangible fixed assets | 971 | – | 971 |
| Current assets | 198,868 | 2,061 | 200,929 |
| Creditors less than 1 year | (6,873) | – | (6,873) |
| ---------------------------------- | ------------------------ | ---------------------------------- | |
| Net assets | 192,966 | 2,061 | 195,027 |
| ================================== | ======================== | ================================== | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Tangible fixed assets | 1,231 | – | 1,231 |
| Current assets | 165,440 | 3,601 | 169,041 |
| Creditors less than 1 year | (1,275) | – | (1,275) |
| ---------------------------------- | ------------------------ | ---------------------------------- | |
| Net assets | 165,396 | 3,601 | 168,997 |
| ================================== | ======================== | ================================== |
20. OPERATING LEASE COMMITMENTS
The total future minimum lease payments under non-cancellable operating leases are as follows:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Not later than 1 year | 18,333 | 19,000 |
| Later than 1 year and not later than 5 years | 76,667 | 78,333 |
| Later than 5 years | – | 16,667 |
| ----------------------------- | ---------------------------------- | |
| 95,000 | 114,000 | |
| ============================= | ================================== |
21. RELATED PARTY TRANSACTIONS
There were no related party transactions during the year.
- 15 -
Carlisle Foodbank
Management Information
Year ended 31 March 2022
The following pages do not form part of the financial statements.
- 16 -
Carlisle Foodbank
Detailed Statement of Financial Activities
Year ended 31 March 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations - Foodbank | 79,602 | 93,124 |
| Donated goods | 157,846 | 97,427 |
| HMRC Gift Aid | 7,297 | – |
| Donations - Grants | 16,800 | 14,950 |
| CCF grant - tents for rough sleepers | – | 1,914 |
| ---------------------------------- | ---------------------------------- | |
| 261,545 | 207,415 | |
| ---------------------------------- | ---------------------------------- | |
| Investment income | ||
| Bank interest receivable | – | 16 |
| --------------- | --------------- | |
| ---------------------------------- | ---------------------------------- | |
| Total income | 261,545 | 207,431 |
| ================================== | ================================== |
- 17 -
Carlisle Foodbank
Detailed Statement of Financial Activities (continued)
Year ended 31 March 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Expenditure | ||
| Costs of raising donations and legacies | ||
| Opening stock | 41,634 | 38,395 |
| Purchases | 157,846 | 97,427 |
| Closing stock | 33,511 | 41,634 |
| ---------------------------------- | ---------------------------------- | |
| 165,969 | 94,188 | |
| ---------------------------------- | ---------------------------------- | |
| Expenditure on charitable activities | ||
| Purchases | 11,861 | 7,834 |
| Wages and salaries | 16,890 | 14,780 |
| Pension costs | 506 | – |
| Rent | 17,833 | – |
| Light and heat | 10,631 | 18 |
| Repairs and maintenance | 45 | 481 |
| Insurance | 2,954 | 975 |
| Other establishment | 4,781 | 2,358 |
| Other motor/travel costs | – | 343 |
| Legal and professional fees | 1,561 | 2,537 |
| Telephone | 1,638 | 1,125 |
| Other office costs | 268 | 421 |
| Depreciation | 171 | 217 |
| Website | – | 66 |
| Sundry expenses | 234 | 3,543 |
| DetailedSOFAExpenditureOnCharitableActivitiesType5H | 84 | 707 |
| ----------------------------- | ----------------------------- | |
| 69,457 | 35,405 | |
| ----------------------------- | ----------------------------- | |
| Other expenditure | ||
| Loss on disposal of tangible fixed assets held for charity's own use | 89 | 325 |
| --------------- | --------------- | |
| ---------------------------------- | ---------------------------------- | |
| Total expenditure | 235,515 | 129,918 |
| ================================== | ================================== | |
| ---------------------------------- | ---------------------------------- | |
| Net income | 26,030 | 77,513 |
| ================================== | ================================== |
- 18 -
Carlisle Foodbank
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Costs of raising donations and legacies | ||
| Costs of raising donations and legacies - Donations | ||
| Donations - opening stock | 41,634 | 38,395 |
| Donations - purchases | 157,846 | 97,427 |
| Donations - closing stock | (33,511) | (41,634) |
| ---------------------------------- | ----------------------------- | |
| 165,969 | 94,188 | |
| ---------------------------------- | ----------------------------- | |
| ---------------------------------- | ----------------------------- | |
| Costs of raising donations and legacies | 165,969 | 94,188 |
| ================================== | ============================= | |
| Expenditure on charitable activities | ||
| Foodbank | ||
| Activities undertaken directly | ||
| Food purchases | 11,861 | 7,834 |
| Wages/salaries | 16,890 | 14,780 |
| Pension | 506 | – |
| Rent | 17,833 | – |
| Light & heat | 10,631 | 18 |
| Repairs & renewals | 45 | 481 |
| Insurance | 2,954 | 975 |
| Other consumables | 4,781 | 2,358 |
| Travel costs | – | 343 |
| Legal and professional fees | – | 1,240 |
| Telephone & internet | 1,638 | 1,125 |
| Postage, printing & stationery | 268 | 421 |
| Depreciation | 171 | 217 |
| Website | – | 66 |
| Sundry expenses | 234 | 3,543 |
| Office equipment | 84 | 707 |
| ---------------------------------- | ----------------------------- | |
| 67,896 | 34,108 | |
| ---------------------------------- | ----------------------------- | |
| Governance costs | ||
| Governance costs - accountancy fees | 1,561 | 1,297 |
| ------------------------ | ------------------------ | |
| ----------------------------- | ----------------------------- | |
| Expenditure on charitable activities | 69,457 | 35,405 |
| ============================= | ============================= |
- 19 -