Registered Chanty cio No.. 1166301 REPORT AND ACCOUNTS for the annual financial eriod ended 31st March 2024 for WADEBRIDGE FOODBANK AND STOREHOUSE
WADEBRIDGE FOODBANK AND STOREHOUSE INDEX TO THE FINANCIAL STATEMENTS for the financial period to 31st March, 2024 Page Legal and Administrative Informalion Report of Ihe Trustees Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes Fom)ing Part of the Financial Statements 7 to 11 Page 1
ADEBRIDGE FOODBANK AND STOREHOUSE Legal and Administrative Inforniation Charlty Name and Number Wadebndge Foodbank and StoreHouse.' registered charity number". 1166301 Charitable Incorporated Organisab"on registered on 1st April, 2016 Trustees Richard Curnow David Oliver Richard Hamm Jacqui While Jen Ovens Patrick Langmaid Rev John Hereward Keith Tucker Kale Birch - Secretary Chairperson Richard Cumow Principal Office 4 Burgess Building Eddyslone Road Wadebridge Cornwall PL27 7AL Independent Examiners St. Kew Accountsncy Ltd. Patto Owriak, Allen Park St Kew Highway Bodmin PL30 3AR Bankers Lloyds 14 Molesworth Street Wadebridge Cornwall PL27 70E Page 2
WADEBRIDGE FOOD8ANK A14D STOREHOUSE REPORT OF THE TRUSTEES forth0 12 monlh p•rlod •nd•d 31it M•r¢h, 2024 The iTUStefr5 t¥esenllh tewt fvext4m•lty •xaMiMd finandil BL41ementJ oflhe th•Aty thè 12 mthiih pemd ended 31$lMBich. 2024 Treflnanrjal 5tstementsha¥e been vepared in •c¢ord•w %h tho Ac¢cvntsrwJ kxdlr8 ¥el oul on pagB B8n6 the rettsmowndalms ofthe Statsnnlol ReThenl Practte. AKuNnbro8nd RerAYbng byChante¥ CONSMTUTIONANO oBcT8 WJetMdge Footsrth Is A f¢9Vdtwed cb8Dty CIO numbpr 116301 regiBred 18IWI 2016 ThwotpGt8olthe Ck) 8ieYo re&evè rthon$ in Nh ¢rnll wfioare 1nMrnSofTheed. knards wdistress In SLrh ¥v8 as thfrbwsts&sfThn bme toinx 8¢9 fil. ORGA1418ATION Trelru5teestho seNed¢urinq trperKd uTrJerreVM¥a rttlpenod er art page 2. ACHIEVEIIENTS PERFQRIIANCE The WadebTrJge Foodb•nk •M SbrthOUSt serYe& •idearea North Cm•ll and hay outléts In Wadebridye. Bodmin and C4rneifoid In the l•$1 firt•w81 year an oth1• h8$81so bEeD opened In Pdr 11 tsfounded and wn on Chrlsii8n princip1È5 11 ra a Re¥1 LNing W8ge empwr. The FcN)aDank is partof ihe Tmssell Trusi NeNth of f¢odbanks 8nd adopts the pull$ anfj pradKes Trussell Trust Tr fcN)dbank works ts) 8 referral bas This means Ihal%%e w)rfKwtn partnerswho can issue foodbank wheF5 Tse pannws can prowde longer iern supportlogddie5s the Iss tthind the reaso75 f¢r F¢e In ¢s1$, vknilsi Ic¥x5bank prOvidessh tem help vAth al olheallhy nutribousfood f¢r IryjlOUaISand 18rnilies. rAu5 noJseholJ ean9 rtern$, ioilethe5. nappie$. FtlfcN)d etc o$t Iwd oon•w, and %% alè veryorntetul the sinesSeS. ¢h8rilS. $¢hW$. L¥gaNsalKns. dd81s mak• ra9ur don0b. Pl8ny h8v bn8'Fe$ of ihè Fbank. makin9 monthty finrlAId¢Tr81h)n1tO us In th&yeareNJiw March 2024wett8d 1.619 reterrals and 180 Ihe equiv8L9M 014,009adulisand childrw Wedi$thtrthed4).5W k)$ olfthj ofwh 3.35$ kgswas tnade Into ekva Chnstr)as hampers We empw tourpeople ona vanetyolfLII and partlime b8515 The OFganisatson more than a fcNJdDank. Ilisouraimto reducetheI7rtt emei9Ènty tcth har015 Toathieve that now have Cibzans Ad¥Ke repieJentali¥es re9ulaty In our wemw, * tan offei debl management CMsin$ Aga1ns1 Povetyand manyoliwrslaff and ¥dunteers have been trained 10 9Ne vowfil00CO1v peWetho may bè BlruyEling. Wewlll •hort t¢ hdp F4We-baGk iorrk'lhroullh job apIcAtiOn skills omei. mor8 9gnerw 0ovi¢• lstrw4utnyg4Ven as the need Bnstrs The main olfKeano operatsno centie forthe Clank Wadebridue FTOM Ihe siorfrhouse shopwe aie81$0 abFetoséiiandgive awaygr¥)uqualty rurniiuie and househo iTrm$io those In need Th&fumr&I5 Lknn&4 10 us 8nd this enables usiogeneralean Intometo nwpco¥er8uneof ourrunnlry ¢o$i$ We are verygraiefulto manygenerous ¢Yonrys- stsneof Ik8led In thi$ re We have 9¢8nts lty SpeI¢DUfrA)$eSfr0m Truswi TDJSt8nd ¢therganisaD3. W hav$ on¢¢ 89ain t¥ ye8r re1¥ • 9r4nttrom Tm$8111 Tiusi to emplw A coJnty-wid•'Ll OrgAnis•rftho ilm904 ty Tr4nsfmbQl ¢om41. Thtrur¥nii$ Into our atthunts and pas88d on direct to Tr8nyformaknon eorr6¥a Foi more det811S ano up iodate ntr4s90ts owbyte. vAwwadetyndgefMdbank.org RISK MAJIAGEMENT TlfulleB havé dxomlmd the mapratao& hJsjw68 QwrAbrrfIllIkS rity Iwar ty8l$y#orn5 have been estabii$he th•t enablE regULArStob0 wodutéd 80th81 r$s53ry5tep$ canbe fdkw tol658en nsk$ RESERVES POLICY T trnsleestta¥e • r6wr¥8$polwin Wlo ftKnthirykin4 caplthl. Som•fvnds•r•deyignated tr wfl¢ purpGG•S. CthmrnS¢ caprfal OXF4ndilure will also In ièseTre5. TRUSTEES, RESPONSIBILITIES Lw aWtaNe ¥J<briDe5 In Enownd and Wa$ foquiresihé tnjjS to wep8rei)n4nrtsl gthiwnents r¢r•8th fiN981ye•r gNe a bije and 18irywrf oltre chwIV$ SLA olaff•fsduThng the fjnanctsi penthl And ol It5 fin¥n¢kg1 atthfrer otthe 00. In yepani-JÈi&t Sultsble accountifwJ rdiw8and then Jpply themGon$i$t¢nity.' -make ieMentS estsrnates th¥1 are reasonab prudenL .stalevthethEftheaprdicae0ttVntIry 5trndaMs and Strnis0f)mrnened rKxlKe have bnfoll0 suts't¥J YdpartLtsS discJ05ed expbain2d In 51aitmenL8. and .wepare tne finanuai ontheg9coNceM b5. urdem thaiihe thBnty In bn Tho tNiteesare r8¥ts)sijf 8coJunlWJ rnwd$wtKhdisd080v•lh teas¢nobac<uiaryal aiy bme the finamal powb"m ofthe Charity ar to enablè Irn lo ensureihallhe finaalsLitemen (wirtywth theChanwAct 1993. Tty are also fesrts)sÈfDr5afeguarding the assetsof Lhè ch8ntyand he loi LAking rtssoroble 3PS lorthe prtvènllon and detth olfrnud and other ryuL8nues. Pm8d ty1hetran sne1 onthw PMI Narne". Daled .. 2024 Page 3
REPORT TO THE TRUSTEES OF WADEBRIDGE FOODBANK AND STOREHOUSE for the annual perlod to 31st March, 2024 Res tive Res onslbllltles of Trustees and Examiner As the Charity'$ TnJ$tees you are responsible for the preparation of the accounts., you consider that the audit requirement o15ection 43121 of the Charities Act 1993 Ilhe Acll does not apply. It is my responsibility to stale. on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43{7llbl of the Act. whether particular matters have come to our attention. Basis of Inde nd9nt Examinerfs Ro ort My examination was carried out in accordance with the General D1CtionS given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records . It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Iruslees. conmIng such matters. The procedures Undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts. Inde endent Examlnerfs Statem In connects'on with my examination, no matter has come lo my attention.. 1) which gives me reasonable caLtse to believe that in any material respect the requirements to keep accounting records in accordan wilh section 41 of the Act and lo prepare accounts which accord with the accounb.ng records and to comply with the accounting requirements of the Act have not been met.. or lo which, in my opinion. attention should be drawn in order lo enable a proper understsnding on the accounts to be reached. 2) Signed.. M. Vickery Accountant 7th October, 2024 Page 4
WAOEBRIOGE FOOD8AMK AND STORENOVSE •N l•lA Includln •nlth me 4nd ndll fvrih• anots•i p•dod 31•t 1024 TotAI Fund9 2023 Unr•Btrlct•d Fund• D•g1gn•t Futy Fun 2024 ¢¢ynlng R••ourc 2J.#2 2)M2 30M17 86.1 28054 53.255 817 7.449 5nll 7,44• 4•31 1.802 &fl•J R4lthd Ih14 3.3 2.488 417 2.913 2.913 lot•1 In¢offllng R•wur I•S.514 30J.201 R••our¢q% Exppndeo W•w• T4¥ONI 74.105 IOL47 72C• 75.1¢5 15.•8 6.678 7JO• A RA•fI J,i•i 272 272 1.IJD 6.340 320 794 1.73• $A•I 2404 300 3216 )2.346 J276 32.341 2,004 21M•7 374 ?297 14.707 374 14.16) T¢tsl R•wur¢ts Exp•nd•d 178.8gT 200.•YO 192.3 N•t 04rtgOlng R••oyr¢•'. N•t m0M*nt In Fun¢l• -11MJ Fundi 8fought FoN¥•rf 111 Aprll3023 443.75$ 127. .727 TrA•l Fund• 4tJi•t Il•rth 2024 432.J72 $71.53 P4e5
WADEBRIDGE FOODBANK AND STOREHOUSE BALANCE SHEET AS AT 318t MARCH. 2024 Notes 3110312024 FIXED ASSETS Tangiblg Asse15 377,490 CURRENT ASSETS Cash al Bank & in Hand Dèbto a Prepayments 412.654 412.654 CREDITORS AND ACCRUALS.. Amounts falling due within one year 10 229.990 NET CURRENT ASSETS: 182.663 TOTAL ASSETS LESS CURRENT LIABILITIES: 560,155 CAPITAL ANO RESERVES Restricted Funds Designated Fund8 Unreslri¢t8d FLtnd$ 13 13 13 127,783 432,372 560.1SS ON BEHALF OF THE TRU37EEg.. -signed by Trustee Iic4W Cu£440J:_Pnnt Name Approved by the Twslees on.. Gtober. 2024. Irk 2D2L( Page 6
WADEBRIOGE FOODBANK AND STOREHOUSE NOTES TO THE FINANCIAL STATEMENTS lor ¢ho annual p•rfod ¢0 31st mah, 2024 1. ACCOUNTING POLICIES: A¢¢ountln9 eortvenuon The finan81 Stslemenls have trmn prepar1 under Ihe rthic¥tion and An AccnJal8 basis. Exwnibltur• Resour expxW are remnlsed In per in %thic IW affj I[red. expended IndthallritxJW)knVATwffiKh can not be rer#¥efed. Ur•rI¢l Fumd Unrestncled lunds afo don•U¢)n5, 188s inr8 and Q1ornIng r880UiIs rwv8b or g8neraieU for the obieu$ ollhe oroanlth.on th01nNor sgedfied puiw)88 and 81• aValba$ yen8¢81 fvnd8. D•ilyntsd Fund• Designated fund8 are unrgstrthj lund6••M1&rt tytho managonnl cJJmmltt80 partiWr purpxe$. ftHtflctsd F110 Rostn¢d funds %• t• y )r ¢ywn by the donor. Exwndituie Ih860cn¢eria ty th•rydtoth• fund, tfrwther%4th a l•f 10¢&11 ol manaoemenl and 5US¥X)rteosts. 2. DONATIONS 3110312124 3IIOY2023 Trt•l Tot4 fjwernl donatk)DS 58.438 58.436 $8AJI 197.116 58,43$ 197.11 ¢URReNT AsseT8.. ¢••h •nd 9110W2024 3131202> NaIK)mle. Now Tr88sui8rs ArLtyJnl-Llwls12231 BB In$tsnl Acc8ss$. LWs14081 Klnwbm Bank Bond Klnodom Bank E8$yAcceoB10431 Klnwknm B8RX EBsyAc¢a8$15761 Ca8h 2S,IBI 149.043 IQO,747 99,685 103.000 100.000 61,121 60.323 37,486 36.440 412.654 445.401 4. STAFF CO$T8 31103R•24 3110312023 Sa*5 aTrJwaBe$ T•x8nd Nl 17,380 20.067 75.183 15.988 107.448 91.171 Page 7
WADE8RIDGE FOOD8ANK AND STOREHOUSE NOTES TO THE FINANCIAL STATÉME14TS lor the annual perlod to 31•t March, 2024 S. INCOMING RESOURCES 3110J12024 Total Unr••trlct0d R•8trfcted Total GranisIRe8lricted Foodbank Friends StoreHous• Donations FuTKYraisirrfJ T8sco Gift Akl Refunds Sale of Assèi Sundry In¥e$tr))enl Inco 23,682 23,682 30,817 54,589 5B,436 7.449 5.821 3.408 1.614 86.324 28,054 53.255 197.116 1.8fj2 4.451 5.668 30,617 54,589 56,436 7,449 5,821 3,408 1,614 3.3rN) 2.468 467 2.913 467 2.913 165.514 23.682 189.196 383,204 I. DIRECT EXPENDITURE UnrMtrl¢t•d G•n•ral Fund RMth¢t•d Fund JtIo)12024 311031202$ Tot•1 Fund• Total FundB 87,380 20,087 7,208 75,183 1S.988 8.878 30.884 Wages TayJNIIPensioni RenUR8ieslUliliVo8 RefU1$hOJ ol 8ulldlng Repoirs & Ren8w•Is con1r9 Refreshm¢nli Phone In8uranc8. Other Adminisirallon Member8hip61Subsethpth) Pjrklngrrravel Van InsurJnc* V8n- Olher MeetingsraInIn¢0Ur1&$ Oonalion DiscreNonory Fur GiftslMeal- Si8lf and Volunle•r8 Profe5s10nal F¢e$ Donaliona Card Fee$ 08preciaUon sdry 74,185 20.(7 7,208 13,215 3.191 81 272 1,137 1,409 6,240 320 15 2,429 3,591 3.191 81 272 1,137 1,409 8,240 320 1S 2,429 0,591 2,464 903 350 1,126 J.278 32.346 83S 1,130 1,356 6.603 371 1,736 3,844 172 1.500 1,183 821 3.297 25.000 2.404 903 350 1.126 3,276 32,346 2.504 14.797 374 7.100 21.897 374 14.103 176,897 23,682 200.579 192,394 7. WET INCOMING RESOURCES FOR THE YEAR Unrestricted General FuTrJ Tfri$ 1$ Stated after chargiry. 31103m24 3110Y2023 485 14,163 14.646 A0[5 RemunÈratk)n Depreoati¢NI 507 21.897 22.403 507 21,897 22,403 Page B
WADEBRIDGE FOOOBANK ANO STOREMOUSE NOTESTO THE FINAtICWL STATEMENTS forth• P•rfod io )l•t ¥ir¢h,2I24 TANGIBLE FIXEDA$$m.. FIN V4n pmpirty V4n Co 19.ID 6.(OF 12• Ab •l)14t M•ft.2Q24 21.l•J D•Pr•¢Ion Blwuhi Fomd chwyloi tyP)I 21,X)J 7,1 10.Sg• A••1 SI Mvth. 3W4 14.511 AI JIIiMuth. 2024 12. Ai41 I¥1.2023 . DeBTOR8WID PNEPAYIIENTI.. Prwymw CM4•rn All¢nJd• pmpwtyPuKhM• F¥DJIrf t1.EOTh¢TE0FUNm$FClPIl0pERryFuR¢MASE ¢•pn BIF A•t•w•d OIW6J25 011•*201J 4.Iie41 781 32 924 11 StrFj g.J?2 lo.t 8536F e2&28 6.875 Fofft .410 41485 41&85 41685 16e5 416es 20541 2253J 9.43101 CE LAiry GAF 2.478 103.$91 21.200 p$
WADEBRIDGE FOODBANK AND STOREHOUSE NOTES TO THE FINANCIAL STATEMENTS forth? annual perlod to 31st MarGh. 2024 12. AALYSIs OF NET AS$ETS BETWÉEN FUNOS Toi•1 Fund¥ Fun Fun Fw Torvjitle fixed assets Current assds Current li81411t& 377.490 284.871 229.99D 377.49D 41Z,694 229,990 127.763 Net Assots 8131st MDrth. 2024 432,372 127,783 560.155 1J. MOVEAIÉNTS IN FUNDS InGOfrtir thGoml Trnn¥fqrrnd R•AOUrt•s AtotN2J OuiuoifvJ R••oufCq• oUr At3110312024 ulklltig ReJtrictd Fund Grnnts and DonaUons:. NaIlM Lottery Cwmunty Fund GO Fund Me crthnder Corrw4811 C(xrty Cwnul Norman Farnily Charitabla Tn Fowe Foundal Ee51&I In5uor Wesi Pharm8¢artKls Duke ol Cowr4fdll Fund ean E1 280 278 278 208 278 278 2 195 139 139 139 139 139 139 139 139 139 Mi Mooruoft Lain9 Family Trust CAF Em8w¢y Fund Wrentfreworder Twssell TnJ61 75 75 13.582 3.000 13.582 3.000 3.144 3.144 tjonat8 7.100 16.582 7.100 16.582 Toial Rt¢t•0 Fut 122,783 Wthng C9Prto1 Rese Client Em8wenCy Furyj Totsl Pesign4d Fund 122.783 127.783 12T.783 176.897 432Jn T¢al Oth•r Unmstrf¢tsd Fund 443.7$5 102.096 7.100 19J,479 560.155 Totsl Fund• $71.$38 7,100 Page10
WADEBRIDGE FOODBANK AND STOREHOUSE NOTES TO THE FINANCIAL STATEMENTS for the annual pgrlod to 318t March. 2024 14. CAPITAL COMMITMENTS The or9anisation agraod a staged purchase of r prernroes at4 Burg•ss Building. Edjyilone Road, Wadebrty In 2021. The total purchase pric8 a9&d was £355,000. I55,000 wa8 pahl in the 2020121 wr. A fvrther £100,000 was pald In 2021r221 The undeprèciale(J balance of tha reBlnctsd granvdonafvd lunds that recèwed in 2020121 to support the prop8rty purcha hav& been acc¥uad as delerrad funds and w+1 remain in Ihe au1$ until they have been fully d8pre¢iat0d, al 2% each year. 15. PURPOSE OF RESTRICTED FUNDS National Lottery Communty Fund Go Funcj Me Crow#lunder Coftmall County Countyl Ntsman Family Chorrtabla Trust Foylè FoundatK)n EcclosiastrAI In8Ufanc• West Ph8miac8uticals Duke of Cornwall e•n•vobnt Fur } Clean Earth Bucc8 Mr Mooruoft Laing F8mlly Trujl CAF Emergency Fund WrenlTrewcrder R951rthd Oonaiion8 To unlribul• I¢w4ards tho costs knvolved w+th purchasing the now premises. Trus8•11 Tw$1 Tofund Iho Volunle•r DavePment Propd. In partn•rnhP ith Li8k••rd Fobank. Don¥lloDs- oth•r To supporf Indivldu•l clwts rths. Tn•8• not•• fomi yrt ofthe fin8nd818t8wments Page11