Registered Charity CIO No.. 1166301 REPORT AND ACCOUNTS for the annual financial eriod ended 31st March 2025 for WADEBRIDGE FOODBANK AND STOREHOUSE
WADEBRIDGE FOODBANK AND STOREHOUSE INDEXTO THE FINANCIAL STATEMENTS for the financial period to 31st March, 2025 Page Legal and Admlnlstrative Infomation Report of the Trustees Report of the Independenl Examiner Statement of Financial Activities Balance Sheet Notès Forming Part of the Financial Statements 7 to 11 Page 1
WADEBRIDGE FOODBANK AND STOREHOUSE Legal and Administrative Information Chaylty Name and Number Wadebridge Foodbank and SloreHouse.' registered charity number.. 1166301 Charitable Incorwrated Organisalion registeTed on 1st April, 2016 Trustees Richard Cumow David Oliver Richard Hamm Jacqui Vvhite Jen Ovens Patrick Langmaid Rev John Hereward Keith Tucker Kale Birch - Secretary Chalrperson Richard Cumow Prlnclpal Offlce 4 Burgess Building Eddyslone Road Wadebridge Cornwall PL27 7AL Independent Examiners St. Kew Accounlancy Ltd. Woodlands Rosehill Penzance Cornwall TRZO 8TE Bankers Lloyds 14 Molesworth Street Vvadebridge Cornwall PL27 7DE Page 2
WADEBRIDGE FOOD8ANK AIID STOREHOUSE PEPORTOF THETRUSTEES fovlhp 12 month pBAod endBd 31st March, 2025 The LTu3lee3 presentI1r report along Wilh the extwnallyèy£mlned nant5p1S1O1Tr0nts of e¥tyfllr1he 1Z monih petiod 3181 Msrch. 2025. Thefinancial 5tat•Mgnts haw b•en prepar8d In accordanc• ¥Mih Ihfy tdity05 591 ovl on p¥gF8and tho ¢(Md#tins orth• Statgmorl of Recomm8nd8d Practice- Accounbry Relng èyChaTilies. COIISMTUTION 14D OWECTS wadeIdgE FoDL%bankis 8 rcglsler¢d clK4rtly CK) numb¥ 116301 ieglsieied 1slAwl 2016. The r"ècis 01lhe CIOAr¢'To relov4 per85 In Cm¥BJ whoare In corOrtions of need, hardship ord151$s In suchway5 35 iheiwweesfrom timè kn lime see fil.. ORGANISATION Thelnjsieeswho ha 8ErvEd duriny Iho und¢T S(8 the end are Sel lPap 2. HIEVEMENTSAJ4D PERFORNAtr4CE The Wad8bridge FcthJb8nk end Sttsrehous8 set a vmde aiBa olN(Klh Comwafl and has Out15 iTrWadebridg8. Blldmin and Csrn8Wotd. kn the la51fiD¥llaal r an oullel has atso been opened In Padsto. tt IS knjnded tunth Chnstian winciples. tt is a Real Lmng W3gp The FtsDdb&nk Is pyrtolthe Yru5sell Trust Netwjik of I0bankS and ad(vJS thelOeS PT8cb¢es of the Trussell Ttust. The f0thlbayrk¥ on a r4f£ ba51s. Ths means Ihat w&wotk &xal partners vknocan IssuefooOb8nk %vJchers. Theseyarfnw¥ can pde longer support toaddr8ss the Issue5 b8hind Ihe rea$S for people In cnsl¥, the foDdbènkprowdes shNt ierm hdp al leastlhree dh23thynutrlbWS foDd lor IndiMdual$ and lamili8F. plus housohold ¢leaDing items, tletO&. napwgs pgllood gtc. Mostfwd Is donated, we are %pry9ratelul io the SIness¥. ¢h3ribts¥. (wnl52tion5. churche5 and IllLlTrAdual3 vtho mÈkÈ IUlr (knatioTrs. lanyhabB b8com8-Fnends of Fwdbahk" Man9 munthlyfifiancial donalions tous. kn I2r endiw 2025we had 1.554 releFra1s fed the equiva1eDiof 3,705 pwl&- 2,270adullS Pno 1,435 eNldren. We d15tnbJied 39.801 los offwd Of %%thich 3.000 kg5 In 8xtr8 ¢hri¥tmas harnpers.wo ernOY10r people an a ety01fll parttim¢ bJsis. The organisation Is mtye than a f[bank Ills wraiffl to re¢uc9 relianrp pmerg8ncyfolld haDdouts. To acheve that we nowh C2$ Adwce represeniaiives regularly In Dur pFempSÈS, WÈ ean Dtter dEbt m&nÈgement adthte ChnstlBDJ Aoainsi rngnyot rstsff ntqots been trained lo give è?nefil 10 pe¢WèwfiD struggliw Wo¥•ill 6huUybo Iphelp pé¢wlB-ck tuwotv through Icb appllcatlw Skllls Olher, mole gEneral Is frewenlwglven a5 ihe neeo anses. The rnBin offjtÈ and OPEtabfu eBnire lorlhB foodbank is In Wadebndge. Frijrn IhÈ si£hs art aLsDablei0 Bdl and giwawaygcoy quity fuTnilufe and househfAd Iiems to ihose ln need The fumiiure Is doned to U5 and this wables geDeMe an Ie toheb cOr some of our wnnlrwJ 081$ W? ?re vorygratetul w manyg•nerws don0-some Ofyth are li51ed gl¥¢where in Ihis report. We reEeiv¢¢ granls for specifir purposEsfrom Ttuss¢ll Ttvsl OihertyyaniSali(lS We ha (te ayBin ths>e8r reld funds frrth Trussell TruBI. The fvnds are pBM•don. infLéI LlreCuy Trw$foFmBvon employa loral organiser. For rnLYe deiai15 and up todale news gDIo LwrweLiie." Ww.w8¢ebridgefwdbsnkoFg RISK M4AGEMENT Thpltustees ha¥ eyAmined the rnaior 51ralegic. business and opeiadon81 nsks which theehariiyfacesand ¢fir 5>ems1 be4n estaNishBd thatenaNe re181 repons lo be prce sa th&tneteSsarySps rAn be tBken tolessen risk6. RESERVE8 POLt¢Y The Ituslefjs ha a rèser¥ts wAicyinplace kn 101 Sixmmths cBpA. Somo bjnds aredBslwW fty 50$. Commllt&l thtal eypgnditwq 11 also bè F48ceLS In reseT3 TRUSTeES' REsPONSIBILlEs Law applicable to chéribes In Erland W40$ requlr95 thetrusteeslo wepare finwclalsL8lementsloF eath flnand•l 5•3rwNth%iva AlJu• f•rb4oYJ of the chèrW5 State of affairs dwlng financi period and of its fin¥ncielwsibw 8llhg of Ihe pBrtod. preparii-5ghct surfablo CutIng pohaes and Ihan wlyth8m consi818nty. -m& iudaemeTrts and e5brnales thai are rea6$8 -Stste whether iheAppliGable acccunling8Lqnd8Tds sialomèntB of rncCrfnmdt•j prneU¢o hAbe•n fdi0wod8ubjets3ThYdrn1 thgcknsed and ewained In Ihe fiDancial 6tslBrn¢fi, $nd -ryepare the financial 51aiements on IhE gryng ¢oncem basls, unless il k6 iTrapprowwteio resumèthatthe charitywlll crrtlroje in SInes¥. The iiuslee5 are responsitrle for mwnlairdng woper accounting r8t(dswhich d15cTDse wth rèasoTrAblèaccuBty at •nybrn8 fin•nciJl poshic dthè ch8nty3 lo Bn8blF IhBrn lo ensure th9 finoncial siements compty¥wih ihe CharitiesAci 1993. Ttrware alsD resp)nwUe loi 58legu¥(Sr¥ the ththtyènd hce WJn9 leasalle 514isf< ond ¢jb0*fraUd Jnd Appro%ed bytrrt bwsle4s indsigned on thwr be1. Pnni Nam8". P80t 3
REPORT TO THE TRUSTEES OF WADEBRIDGE FOODBANK AND STOREHOUSE for the annual period to 31$t March, 2025 Res ectlve Res onslbllltle eés nd Exa Iner As the Charity's Trustees you are responsible for the preparation of the aceounls,. you consider that the audit requirement of section 43121 of the Charities Act 1993 Ilhe Acll does not apply.11 is my responsibility lo slate, on the basis of procedures specified in the General Directions given by the Charily Commissioners under section 4317llbl of the Act. whether particular matters have come lo our attention. t Examin sRe My examination was carried out in accordance with the General Directions given by the Charlly Commissioners. An examination includes 8 review of the accounting records kept by the charity and a comparison of the a¢counls presented wih those records . It also includes consideration of any unusual items or dIlOsUre$ in the accounts and seeking explanations from you As Iruslees. concerning such matters. The procedures undertaken do not provide all the evidence that would be required Sn an audit and consequently I do not express an audit opinion on the view given by the accounls. nt Examlnerfs Statement In connection with my examination. no maller has come lo my allenlion.. which gives me reasonable cause lo believe th31 in any material respect the requirements lo keep accounling records in accordance wth se¢lion 41 of the Act and lo prepare accounls which accord wlh the a¢counling records and to Comply Tmlh the accounting requlremenl$ of the Act have not been mel.. or to which. in my opinion, attention should be drawn in order lo enable a proper understanding on the 8ccounls lo be reached. 21 Signed.. M. Vickery Accountant 5th August. 2025 Page 4
WADEBRIDGE FOODBAPIK AND STOAEHOUSE Flnanclal Atllvltle5 ndE ndlture A lorth• nlI p•rfod wd•d 3111 March. 2025 lot41 Funds ZQ25 Vny•strtct Fund D••lgD•l•d Funds R•Jtrfcl•d Fund Funds 2024 In¢omlThg RMourc•• &SS0 27.N7 49.03 3aD70 21,247 JO,017 54,$69 58,436 7.449 5,821 7,311 810 7.J11 31678 ia4 10,104 10,fj81 Tot•1 Inromlng R••ouru• 142,439 47.221 11fr,196 R•wurc•A Exp•nd•d 1.SlQ 19.517 18.3•7 5M7 ),n5 17.3 20.C4J7 T•A4rfNI 11.J97 5,4fj7 l.FJ5 Awrtl 272 2,641 4,770 1.7T4 l•tL• P•rWryTrM1 2.4 15 3.441 J.441 5,$•1 •¢ilyifr4lr#•CrI1 7C4 1121F C•J4r4 1.784 Food4*chM• P[01•F• 1,735 3,276 3,1(¥J 14.7•1 3.1 21.B97 21. Ji¢ 3?.975 N•t tI01ng R••ourcu'. N•t mov•m•nl In Fund• Q7,7 dJ,471 -11.303 Fundi Bvouoht F•N8rd 1•1 Aprtl 2fy24 127.? 571. T•t•l FU1 •t 31•1 202$ 127.783 14.381 U.155 Pago S
WADEBRIDGE FOODBANK AND STOREHOUSE BALANCE SHEET AS AT 31st MARCH, 2025 Notes 3110312025 FIXED ASSETS Tangible Assels 3SS.593 CURRENT ASSETS Cash at Bank & in H8nd Debtors & Prepayments 411,608 411,608 CREDITORS AND ACCRUALS: Amwnts falllng due wlthln one year 10 220,519 NET CURRENT ASSETS: 191,089 TOTAL ASSETS LESS CURRENT LIABILITIES.. 546.684 CAPITAL AND RESERVE8 Restricted Funds Designaled Funds Unrestricted Funds 13 13 13 14,251 245,000 287,433 546,684 ON BEHALF OF THE TRU8TEE8: -signed by Twstee 14Vb G) -Prlnl Name Approved by the Trustees on.. A1. 2025. Page 6
WADEBRIDGE FOODBANK AND STOREHOUSE NOTES TO THE FINANCIAL STATEMENTS lor the annual p?Tlod to 31st March, 2025 1. ACCOLINIJNG PC¥LICIES.' ¢onventlon The fnAncial 9ts1em8nt6 h#web prepored Underlh8h10 convwboD aid rAD 81$ b84s. EXp•ndIrQ Resre$ ewendeo are recojnised in thepenod In which they areinuKred. Re5L¥Jrte5 eXpded indud9 thbut19 VAT vthith noib8 r8covwed. Unrestrlctsd Funds Unresthcted funds Hre donalkffls, fe8S int0 and othtr In1ft9 r8SWfce5 rncvable generaied forlheotyie¢ts ofthe vithouilutherspeufied purp d ¥e WI18¥geneTrlIUd Dslgnat•d FvndF Dqsignaled funds are unre5Mci•Y bJnd$ by theMagEMent CLY11¢e8IC Restrlcted FndS Rè$tricied fvnds wgto be used forwfic tsythg d(. EweTrdrtureith meets these [$the to thelund. t(¥dher%%ith a fairalthab( c1Ma9¢mentdThd ¥UpP cost8. 2. DONAnON$ 3110312025 3110313024 ilnrmlrictod fi•strld• Totsl GenuatdonaNrffis 35.070 36.070 33,07Lt 35.07 58.436 58.436 3. CURREPIT ASSETS.. Cash and Bank 3110312025 3110312024 Cash 81 Bank". 19,292 30.011 85,261 106.399 61,867 38.726 53 85.000 25.181 100.747 103.000 61,128 37.486 TreasUiersPttnl1Oyrfsl223) BB knstsnt kn95- Lltyd914681 gdorn Bank Bld 12701 ngdom B Easykn5s10431 Kingdom ak Ea5ykcess15761 Ctsth h Hand 411,608 412.6Y 4. STAFF COSTS 31mSff2Tr29 31103r2024 Salthesand %Ydues T&Yand Nl 99,547 18,397 87.380 20.067 117.945 1D7.448 Page 7
WADEBRIDGE FOODBANK AND STOREHOUSE NOTES TO THE FINANCIAL STATEMENTS for the annual period to 31st Marth, 2025 S. INCOMING RESOURCES 31mJttu25 3110312024 Ti)lal Unrtbtrbct8d R••trl¢t•d GrtsiReSl¢ied Fo&YbBnk Friends SloreHouse Oonaiions Fundraising TescolA5da Gift id Refund8 FinDnclBI InGlusK)n Sundry Inveslrnonl Inccme 8.550 8.SSO 27.147 49,035 35,070 1,509 4,•J2 7,31B 1110 44.450 154 10,884 23.682 30.817 54.589 58.436 7.449 5.821 3.408 1,614 27.247 49.025 35.070 1.509 4.832 7,318 810 5.780 154 10,684 38.676 467 2.913 142.429 47,226 1B9,635 189.196 6. DRECT EXPENOFfuRE Ut)r•8trl¢t•d G•nor•l Fund R•etilct•d Fund 311031202J Tot1 Fund• Told Fund8 WRge¥ TOyjNIIPODB R•nVR4loWUllllies Repairs & Ranewals Cl••ning Rafrishmqrtls PhonalBroadb8nd InBurBnce- Qlh•r A(Jministration 98,227 18,397 5,487 3,795 81 1,320 99,547 18.397 $.417 3.795 81 87.380 20,067 7.208 3,191 81 272 1,137 1.409 0.240 320 1,374 2.698 4.778 539 2.480 234 1.568 3.441 3.660 2,219 1,598 4,778 539 2,480 234 1,588 3,441 3,660 3,70B 18,219 1,784 433 PorkinolTrowl V8n Insuranc Van- Other meetingsraInInglcrS•1 Vc4unleer De and Fin Indusi Fln8n¢l81 Incluskin CAB and Dl&cretion8ry Fund Fom Purca8e GiflsJMeal- Staff ano V(Auni8W8 Professional Fees Ot8118 Card Fees Oepreciath Sundry 15 2.429 5.591 2.484 3,708 16,219 1.784 3S0 433 846 1.735 1.126 3.276 33.249 2,504 21.897 374 1,735 3.106 14,797 2.311 3,106 It,897 2,311 7.100 170,151 32.975 203,126 20D.579 7. NEf IFICQMING RESOVRCES FOR THE YEAR Unreslrlcled Gèner Fund This Is yt8ted 8ftw charglng". 3110312025 JIIO3120Z4 Auditus Remunermuryi 526 21.897 22.423 $26 21,897 22,423 507 15.365 15,871 P898 8
WIDEBRIDGE FOODgNK INO STOREHOUSE NOTESIOTHEFWANCL4LSTATEMENTS tor lh•AnnoI p•rtod lo 31•t thrch, 2D15 4.TAMiIIBLE FIXEDAS5ETS.. 2 8hlIvts. EqufflEnVFlure5•FdFrtttyts tsia ÈtrtyMlhi•b E9t( Vwb 21.ISS ?09 F1 Sist 2429 21.19$ $2.7 Bwhl ChDweI Ihèpnc 7.IOD 10.$58 Jlstthrth, 2025 3&50D S142 A%41311l Ilarth. 2025 SI5 27.È17 Trynif•tr•dtr4•1 BooVd 1024 326.8 12685 •.OE8TCfitAMD PIIEPAVWEMfs..P4MvDE%l4llrrf du•YJld4n 11. [rAAlIDA¢GuALS..nuThN1In1 1th5n••yV. Crndltr 2.391 [thl+Fundkno 87 IOJ,S50 327.3 11.PESTPJCTED FUMCINO FOR PRCER7YPURCHASE Ttstsl Gmht wlWP NMIlLCrfflwFvTrd OFyhd FA &556 1.04Z 44.442 I1.3 10.rts) CM11 Jty¥jd &2Y2 FAyyn 274 2.403 ity).s£o 113.125 12.575 2(4
WADEBRIDGE FOODBANK AND STOREHOUSE NOTES TO THE FINANCIAL5YATEMEP4TS for the afinual pertod to 31st March, 202$ 12. ANALYSIS OF NET ASSETS BETIEeN FLINOS G•nv•l Furldb Tothi Fund F¥ThLI• Tang1bfixed JsUts Cunenl asse urr•nt Nobillb•g 355.693 355,S•3 245,IOD 220J1• 245,OCts) 220.519 Netasu181137st March. 2025 135.075 245.000 360.075 13. FIOVEMENYS IN FUNDS Incom1Tr9 Tr•nilrt R•iourc• At 0lloU24 In¢rffilDg A•iourc• 0lb•r Oulgolng R•I0rG• (hjlqolno R•DUYC4 Olh•r Tvirf•rn At 31103llO20 R•itrlcled Funds Grant% ind Don411onB'.. NAvon81 Lottery CLNnmunltyFund GD Fund Ue Crovhlunder COMWa thfty Cauncll NOan Family Ch8nwwo Ttu FDyle FwndJihDn EcEloslNliul Insuiance Wesl Pharrnaceuucdi Duk• OT Crmll B•novt4*1 Fund cl• E•Nh Buc Mr, MrGr0ft L8inQ Fomity Tfuii CAF Emer9•ncy Fund Wr8nlTwrder Ttys$o11 Trusi (Finan81 10n) Comwal Community Fd 1435 1,3B9 260 308 278 278 208 200 195 1.369 2fj0 278 278 20 200 195 139 139 139 139 139 139 139 89 7$ 75 38.676 )0 24,425 14,2S1 550 J.144 3.144 Tot•1 R•4trf¢tsd Fundi 7.100 40,116 7.100 2S,475 14,251 ¢•pl Reiwve Cll8nl EmBfgBn¢y FunLI Total DeBl9nit•d Funth 122,783 5.000 127.78) 117,217 240.000 5.000 24S,000 117,217 TotTrl O¢h•r UDr•JtrlGl•d Fund• 432.372 142.429 170.1S1 .117,217 287,433 7v¢•l Fund• 560,165 7.1110 182.JS5 7.IlJQ 19•.026 Page 10
WADEBRIDGE FOOD8ANK AND STOREHOUSE NOTES TO THE FINANCIAL STATEMENTS for th• annual period to 31 $t March, 2025 14. CAPITAL COMMITMENTS The und8pre¢laied balance of the SIncd granvdonalgj funds that were received in 2020121 to supptstthe Fy(4)trty wr¢h8$e have been accrued 88 defeed funds and wll rgmain in acc¢xJnt& until they have beBn fully depw81ed. at 2% each yew. 15. PURPOSE OF RESTRICTEO FUNDS National Loitery CcrnnDty Fund Go Fund Me crOuder Cornwall Crxjnty Council Nomi8n Family ChJrilalAaTru51 Foylo Foundation Ecclesiasu¢al Insuranc• Wesi Pharmaceuticals Duke of Comwall eOIent Fund Cle8n E4rfh 8uccB Mr. Mwcrolt Lalng Famlly Trujl CAF Enr9ency Fund WronreWord8r Ra&tricl¢d Don8¢K)n$ To contribute toward3 the costs inviAved whh purchasing the newpremi$es. Tru55ell Trust To fundthe Voknnle¢r D¢¥etopmenl Proieet, In pBrtn•rshlp ¥Ath Li$keard Foodbank. Dcrt8lk)s. Othw To wppryi indlvl¢ual cll•ni8 ndI. Th8$e not8$ lom part of Ihefln8ncl81 st8t8menl$ Page11