2021-03-31-accounts - Wadebridge Foodbank And Storehouse

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				Page
Legal and	Administrative		Information
Report of	the Trustees
Report of	the Independent		Examiner
Statement	of Financial	Activities
Balance Sheet
Notes Forming Part of		the	Financial Statements	7to 11

CONSTITUTION AND OBJECTS
Wadebndge Foodbank is a registered chsnly CIO No 1100301,registered on 1stApnl. 2016
The oblects ofIhe chanly are the provision ofthree days supply ofemergency food, furniture where	necessary			and support to		local			people			in cnsis
ORGANISATION
The tmstees who have served dunng the penod under review and ance the penod end are set out	on page 2
ACHIEVEMENTS ANO PERFORMANCE
The INadebndge Foodbank and Storehouse has outlets in Wadebndge, Bodmin and Camelford 0 serves a wide					area of NoAh Comwag						Ilia founded			and run on
Chnstian pnnaples It is part ofthe Trusseg Trust network of Foodbanks The objectives have been	satisfactonly				achieved dunng			Ihe		year
The foodbank works on a referral basis. This means that we work wilh local partners who can issue	foodbank		vouchers which			are			redeemed				for Ihree	days' worth
of food. These pariners can provide longer tenn support to address the issues behind the reasons for people			in	cnsis, whilst the			Foodbank					provides short term
help vxlh at least three days of healthy nutritious food for individuals and fern lies. Most food is donated,		and we		are very grateful				to the businesses. chanbes,
schools. organisaaons and individuafs who make regular donaaons.
Many have become "Fnends ofthe Foodbank, ' making monthly financial donations to us
In the year ending March 2021 we hsd 1,212 referrals snd fed Ihe equivalent of around 3,200 adults	and	ch Idren			It has been	a	challenging						year having		to cope
wtlh the Covid pandemic and we have had to change some ofour operating procedures accordingly	but overall,				we have coped			well
90Chnstmas boxes offood were given to those families idenkfied by our partners as in need
We employ two people full lime and one psri time
Over Ihe years to ensure sustainabiiity, and with Ihe increasing calls upon us we have also started	to sell and		give away to those					m need				good rluality		furmture
which has been donated to us. We were onginsfiy able lo operate this srde ofthe chanly from shop	premises		that were loaned				to us
This enabled us lo build up some capital and test Ihe market.
Over the last finsnwal year, we have been able to purchase a suitable shop which has enabled us to expand			this		side ofthe chanly
We are extremely thankful loa bequest that was Iefi to us, and also to the very generous donors and grant-making					organisakons,				a list ofwhom can be						seen in
the accounts, which has enabled this purchase lo go ahead
The overall vision ofthe Trussefi Trust is to end Ihe need for Foodbanks.
There are a number of strategic obtecfives that we have m place to Iry to work towards this although	we	sense		that in an area		of		the		country			with poor	income
levels, seasonal employment and high costs this will prove to be a substantial chegenge
I or more details and up to dele news, go to our website www wadebridgefoodbank org/news/
RISK MANAGEMENT
The trustees have examined the malar strategic, business and operational nsks which the chanly faces		and confirm that systems							have been established						that
enable regular reports lo De produced, so that the necessary steps can be taken to lessen the nsks
Reserves Policy
The trustees have a reserves policy to maintain at least three months working capital
lt has also been the policy to build reserves so that suitable premises could be obtained to sell quality second			hand items of furniture,							raising			valuable	funds to
sustain the charity
fhese are shown as "deagnated funds".
TRUSTEEM RESPONSIBILITIES
Law applicable to chankes in England and Wales requires the trustees to prepare ananoal statements foreach				finanaal year		which give					a	true and fair view of
the chanly's state ofsffairs dunng the finanasl pened snd of its finanaal position at the end of Ihe penod
In prepanng those accounts, the trustees are required to.
-select suitable accounting polid as and then apply them consistenfiy;
-make ludgements and eskmates that are reasonable and prudent,
state whether the applicable accounting standards and statements of recommended practice have				been fofiowed		sub/ect				to	any		departures		disclosed
and explained in the finanwal statements, and
-prepare the finanwal statements on the going concem basis, unless it is inapproprrete to presume			that the chanty			will		continue				in business
Th..trustees ere responsible for mamlainmg proper accounting records which disclose with reasonable		accuracy			at any time the			finanaal			position of the				chanly
and to enable them to ensure that the finanwal statements comply anth the Charities Act 1993
They are also responsible for safeguarding the assets ofthe chanly and hence for laking reasonable steps for the prevention						and detection							offraud and		other

	for th	e annual period en	ded 31stMarch, 2021
				Total	Total
		Unrestricted	Restricted	Funds	Funds
		Funds	Funds	2021	2020
		6	6	6	5
Incoming Resources
Grants/Restncted			81,106	81,106	2,000
Foodbank Fnends		19,139		19,139	11,125
StoreHouse		210		210	165
Donations		97,643	3,144	100,787	13,649
Fundraising		500		500	5,239
Supermarkets		41,110		41,110	4,083
Learning Partnership		6,529		6,529
Smart Tenants/Moneybox					17,929
Giftaid					918
Sundry		466		466
Investment Income					10
Total Incoming	Resources	165,597	84,249	249,846	55,118
Resources Expended
Wages		17,270	6,061	23,331	21,185
Tsx and Nl		2,468		2,468	1,811
Rent/Rates/Utilihes		950	10,692	11,642	14,434
Refurbishment of Building			41,812	41,812
Repairs & Renewals		184	425	609	183
Cleaning			40	40	24
Refreshments		79		79	98
Phone		861		861	846
Insurance - Other		2,383		2,383	901
Administration			2,468	2,468	2,816
Memberships/Subscnptions		228		228	796
Parking/Travel					413
Van Insurance		492		492	599
Van - Other		3,386		3,386	2,487
Meetings/Training/Courses		192		192	350
Discretionary Fund			1,650	1,650	1,200
Fundraising		1,000		1,000	194
Gifts/Meal - Staff snd Volunteers		729		729	750
Professional Fees		1,000	9,145	10,145	286
Tithes					500
Sman Tenants/Moneybox					2,016
Depredation			12,156	12,156	1,454
Total Resources Expended		31,221	84,449	115,669	53,343
Net Incoming Resources:
Net movement	in Funds	134,376	-200	134,177	1,775
Funds Brought	Forward 1stApril 2020	123,811	200	124,011	122236
Total Funds at	31stMarch 2021	258,187		258,188	124,011

2.DONATIONS
				31/03/2021	31/03/2020
		Unrestricted	Restricted	Total	Total
		6	f	f	f
General donations		97,643	3,144	100,787	10,016
		97,643	3,144	100,787	10,016
3.CURRENT ASSETS:Cash and Bank
			31/03/2021	31/03/2020
			2	f
Cash at Bank:
Treasurers	Account-Lloyds		21,317	14,318
BBInstant	Accesss - I.loyds		70,522	19,030
Fixed Term Bond - Lloyds				51,480
Kingdom	Bank Easy Access		140,129
Kingdom	Bank Easy Access		25,977	40,607
Cash in Hand			3	3
			257,946	125,438
4.STAFF COSTS
Staff costs were as follows:			31/03/2021	31/03/2020
			6	2
Balance and wages			23,331	21,185
Tax and Nl			2,468	1,811
			25,799	22,996

5.INCOMING	RESOURCES
					31/03/2021	31/03/2020
			Unrestricted	Restricted	Total	Total
			6	8	8	5
Grants/Restricted				81,106	81,106	2,000
Foodbank Friends			19,139		19,139	11,125
StoreHouse			210		210	165
Donations			97,643	3,144	100,787	13,649
Fundraising			500		500	5,239
Tesco			41,110		41,110	4,083
Learning Partnership			6,529		6,529
Smart Tenants/Moneybox						17,929
Giftaid						918
Sundry			466		466
Investment Income						10
			165,597	84,249	249,846	55,118
6.DIRECT EXPENDITURE
			Unrestricted
			General	Restricted	31/03/2021	31/03/2020
			Fund	Fund	Total Funds	Total Funds
			6	8		5
Wages			17,270	6,061	23,331	21,185
Tax and Nl			2,468		2,468	1,811
Rent/Rates/Utilities			950	10,692	11,642	14,434
Refurbishment	of Building			41,812	41,812
Repairs & Renewals			184	4?5	609	183
Cleaning				40	40	24
Refreshments			79		79	98
Phone			861		861	846
Insurance - Other			2,383		2,383	901
Administration				2,468	2,468	2,816
Memberships/Subscriptions			228		228	796
Parking/Travel						413
Van Insurance			492		492	599
Van - Other			3,386		3,386	2,487
Meetings/Training/Courses			192		192	350
Discretionary	Fund			1,650	1,650	1,200
Fundraising			1,000		1,000	194
Gifts/Meal - Staff and Volunteers		0	729		729	750
Professional	Fees		1,000	9,145	10,145	286
Tithes						500
Smart Tenants						2,016
Depreciation				12.156	12,156	1,454
			31,221	84,449	115,669	53,343

		Unrestncted
		General
This is	stated aher chargmg;	Fund	31/03/2021	31/03/2020
		8	6	8
Auditors	Remuneration	312	312	286
Depreciation		12,156	12,156	1,454
		12,458	12,468	1,740

								General		Designated	Designated	Restr/ctsd	Restr/ctsd	Total
								Fur/de		Funds		Funds		Funds
								E		E		E		f
Tangible fixed assets								351,945						351,945
Current assets								165,163		102,783				257,946
Current habilities								352705						351,705
Net assets at 31stMarch,				2021				155,405		102,783				258,188
13.MOVEMENTS	IN	FUNDS
								Incom/ng		Incoming		0Ut90I/i	g	Outgoing
							Transferred	Resources		Resources		Resources		Resources
							At 01/04/20	Bund/ng		Other		Bund/ng		Other	Transfers	At 31/03/2021
							E	8				f		F.	F.
Restricted Funds
Grants and Donations:-
National Lotte/y Community					Fund			1,389				1,389
Go Fund Me									260				260
Crowdfunder									308				308
Cornwag County Counol									278				278
Norman Family Chantab/e				Trust					278				278
Foyle Foundation									208				208
Ecclesiastical Insurance									200				200
West Pharmaceuticals									195				195
Duke ofCornwag	Benevolent				Fund				139				139
Clean Earth									139				139
Bucca									139				139
Mr MoorcroR									139				139
Laing Family Trust									139				139
CAF Emergency Fund									69				69
Wren/Treworder									75				75
Defra										25,000				25,000
Cornwall Community		Foundation				1				14,087				14,087
Wrap-Surplus										9,	122			9,122
Pnnce's Countryside		Trust								5,000				5,000
Trusse/I Trust										5,391				5,391
Duchy Healthcare	Fund									3,000				3,000
Elmgrant Trust										2,600				2,600
Wren/Treworder										2,500				2,500
One Family Community			Group							2,	500			2,500
Prism										2,000				2,000
HMRC Chanties										1	949			1,949
Live West										1	500			I 500
Leathersegers Fund										1,000				I 000
Cornwag Community		Foundation				2					500			500
Cadbury Trust											350			350
T Marysn											300			300
Mike Kent											200			200
Acts 435											150			150
Donations							200	3,144				3,144		200
Total Restricted	Funds						200	7,100		77,149		7,	100	77,349
New Premises Fund							72,783									72,783
Contingency Fund							10,000								15,000	25,000
Client Emergency	Fund						1,000								4,000	5,000
Total Designated	Funds						83,783								19,000	102,783
Total Unrestricted	Funds						40,028			165,597				31,220	-19,000	155,405
Total Funds							124,011	7,100		242,746		7,100		108,569		258,188

National Lottery Commumty	National Lottery Commumty	National Lottery Commumty	National Lottery Commumty		Fund		To contribute	To contribute	towards the costs involved	towards the costs involved	towards the costs involved	with
Go Fund Me							purchasing	the new		premises
Crowdfunder
Cornwall County	Counol
Norman Family Charitable				Trust
Foyle Foundation
Ecclesiastical Insurance
West Pharmaceuticals
Duke of Cornwall	Benevolent				Fund
Clean Farth
Buccs
Mr Moorcroft
Lamg Family Trust
CAF Emergency	Fund
Wren/Treworder
Restricted Donations
Elmg rant Trust							To support	wages and core costs.
Cornwall Community		Foundation				I
Defra
Pnnce's Countryside		Trust					Contributing		towards	the general costs and running
Cadbury Trust							expenses
Live West
Pnsm
HMRC Charities
Ecclesiastical Insurance
Duke of Cornwall	Benevolent				Fund
Duchy Healthcare	Fund
One Family Community			Group
Trussell Trust
CAF Emergency	Fund
Leathersellers Fund
T Maryan							Donated to		support	particular	mdividuals.
Mike Kent
Wrap. Surplus							Providing	for the purchase offood waste				equipment.
Asda Traimng							Supporting	the provision of training
Cornwall Community		Foundation				2	A contribution		towards the crisis fund.
Acts 435							To purchase		white goods for individuals			in need