##
|||||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|