2025-04-04-accounts

Charity number: 1184482

WATFORD FOODBANK AND COMMUNITY RELIEF TRUST

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 4 APRIL 2025

WATFORD FOODBANK AND COMMUNITY RELIEF TRUST

CONTENTS

	Page
Reference and administrative details of the Charity, its Trustees and advisers	1
Trustees' report	2 - 5
Independent examiner's report	6
Statement of financial activities	7
Balance sheet	8
Statement of cash flows	9
Notes to the financial statements	10 - 22

WATFORD FOODBANK AND COMMUNITY RELIEF TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 4 APRIL 2025

Trustees John David Bishop, Chair of Trustees Andrew Thomas Tranter, Trustee Roger Thomas Murphy, Trustee Nicholas John Moorhouse, Trustee

Charity registered number 1184482 Principal office Unit 5 Empire Centre Imperial Way Watford WD24 4YH Accountants Hillier Hopkins LLP Chartered Accountants Radius House 51 Clarendon Road Watford Hertfordshire WD17 1HP

Page 1

WATFORD FOODBANK AND COMMUNITY RELIEF TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 4 APRIL 2025

The Trustees present their annual report together with the financial statements of the Charity for the 5 April 2024 to 4 April 2025.

Objectives and activities

a. Policies and objectives

The purposes of the charity as set out in its governing document is the relief of financial hardship amongst people living in and around the Watford area, by providing such persons with food and other assistance, in an effort to restore dignity and offer hope.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Activities undertaken to achieve objectives

Operation of a Foodbank to provide food and support to local people in crisis. Care professionals from over 150 local agencies assess possible clients and issue foodbank vouchers if needed. Clients exchange vouchers for food at one of five distribution points around Watford, and are offered further support as necessary. Donated non-perishable food is sorted and stored by volunteers at a warehouse and transported to distribution points as required. Community relief payments are made to clients in cases of hardship.

Trustees follow Charity Commission guidance to operate the charity for the benefit of clients.

c. Social investment policies

Charity does not operate social investment.

d. Grant-making policies

Occasional hardship grants are made to clients where a relatively small sum (usually less than £500) can make a significant improvement in their circumstances. Trustee approval is required, the decision is recorded in writing, and a receipt is signed by the client.

Occasional debt repayment grants to clients are made by referral from Citizens Advice Watford, with Trustee approval.

e. Volunteers

Charity relies on over 60 volunteers, and has one paid member of staff.

Page 2

WATFORD FOODBANK AND COMMUNITY RELIEF TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 4 APRIL 2025

Achievements and performance

a. Main achievements of the Charity

7,812 foodbank vouchers were exchanged by clients (7,660 in 2023/24) giving food supplies to 11,964 adults (11,445 in 2023/24) and to 6,190 children (6,657 in 2023/24).

4,012 vouchers were exchanged at the Empire Centre distribution point (3,217 in 2023/24); 1,738 at Wellspring Church Centre (1,751 in 2023/24); 1,652 at South Oxhey Baptist Church (2,086 in 2023/24); 282 at St Michael and All Angels Church (452 in 2023/24); and 128 at Christ Church (154 in 2023/24).

134,837kg of food was given out (134,152kg in 2023/24) representing an average each month of 11,236kg (11,179kg in 2023/24).

Most clients came from South Oxhey followed by the Central and Holywell Wards in Watford. Most adults were in the age range 45-54 followed by 35-44 and 55-64. Most children were in the age range 5-11 followed by 1216 and 0-4. The most common household structure was a Single adult (with or without dependents) followed by Couples (with or without dependents) followed by Multi-adults (with or without dependents).

135,514kg of food was taken in (126,979kg in 2023/24), 60% was donated (69% in 2023/24) and 40% was purchased (31% in 2023/24).

Fuel bank payments were made on about 170 occasions to clients suffering fuel poverty.

With Trussell Trust financial inclusion grants, partnership contracts continued to be let with Citizens Advice Watford (CAW) for a free phoneline for foodbank vouchers and advice, and debt and benefits casework, and with Hertfordshire Mind Network for mental health referrals. These projects are aimed at reducing the need for clients to access the foodbank in the first place. CAW estimate over the year that about 106 clients no longer need to use the foodbank.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

Trustees have identified a reserves policy which addresses the availability of our warehouse premises and our running costs. The potential warehouse costs over three years at the current premises would be £56,000, but if these premises were unavailable the cost might rise to £100,000. Also, in order to set aside unrestricted funds at a level equivalent to between three and six months expenditure, trustees decided to set a total designated reserve fund of £100,000.

Small restricted reserves from Trussell Trust grants are also maintained.

Page 3

WATFORD FOODBANK AND COMMUNITY RELIEF TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 4 APRIL 2025

c. Principal risks and uncertainties

A risk register has been produced which identifies the major risks to which the charity is exposed and the systems to mitigate against them. Trustees identified a major potential risk as the loss of volunteer senior managers. A succession planning operation was put in place resulting in the recruitment of a full-time paid Manager.

The risk of decreasing food donations from the general public due to the cost-of-living crisis has increased the need to purchase food to meet increasing client demand. This year 40% of the stock necessary to meet client demand has had to be purchased by ourselves. This continuing additional cost is being addressed by making specific grant applications for funds for the purchase of food.

Cash deposits are invested in more than one institution in line with the Financial Services Compensation scheme limit of £85,000 for each institution.

d. Principal funding

Donations of non-perishable food from churches, voluntary organisations, schools, supermarket collections, corporate donors and individuals.

Financial donations from corporate donors, churches and individuals.

Online donations can be made through our website or Facebook enabling supporters to give via the JustGiving or PayPal Giving Fund services.

Structure, governance and management

a. Constitution

Watford Foodbank and Community Relief Trust is a registered charity, number 1184482, and is constituted as a Charitable Incorporated Organisation (CIO).

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Charitable Incorporated Organisation (CIO).

New appropriate trustees approached by existing trustees.

No bodies are entitled to appoint trustees.

c. Policies adopted for the induction and training of Trustees

Trustees are involved as volunteers in the day-to-day operation of the foodbank and in meeting with clients. New trustees are given trustee information produced by the Charity Commission, and undergo online training organised by The Trussell Trust.

d. Related party relationships

Watford Foodbank works closely and has contracts with Citizens Advice Watford and the Hertfordshire Mind Network, and also works with the local homeless charity New Hope.

Page 4

WATFORD FOODBANK AND COMMUNITY RELIEF TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 4 APRIL 2025 structure. governance and management (continued) e. Organisatiollal structure and any wider network Our distribution point at South Oxhey Baptist Churth closed in November 2024, and a new distribution wint at Carpenders Park and South Oxhey Methodist Church opened in January 2025. Watford Foodbank is part of the network of over 400 foodbanks operated by Ihe national Christian charity The Trussell Trnst, and operates according lo its pdicies and guidelines. Plan$ for future perlods Following the signif5cant appointment of a paid Manager and the expansion of warehouse facilrties in the current year, trustees do not see any maior developments as regards staff or premises over the nexi year, but are always open to respond lo changes that may affecl operations. statement of Trustees. responsibilities The Trustees are responsible for P￿paring the Trustees. report and the financ4al ststements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the stste of affairs ol the Charity and of ils incoming resources and application of resources, induding ils income and expenditure, for that period. In preparing these financial statements, the Trustees are required to". select suilablo acnounting policies and Inep. apply them consistentty-. observe the methods and principles of the Charities SORP IFRS 102): make judgments and accounting estimates that are reasonable and pnjdent; stsle whether applicable UK A¢xounting Standards {FRS 1021 have been followed. subject to any material departures disclosed and explained in the financial statements- prepare the financial slaleme.ols on the going eoncem basis unless it is inappropriate to presume that the Charity will continue In business. The Trustees are responsibEe for keeping adequate accounting recx)rds that are sufficient to show and explain the Charity's transactions and aisclose with reasonable accuracy at any time the financial position of the Charity and Ènable them to ensure that the Iinancial ststements comply with the Charits"es Act 2011, th8 Charity (Accounts and Reports) Regulations 2008 and the provisions of the temis of the Charitable Incorporated Organisation ICIOI. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detec140n of fraud and other irregularities. Approved by ordèr of the members of Ihe board of Trustees and signed on their behalf by: John Davld Bishop Chair of Trustees Date.. Roger Thomas Murphy Trustee 15.12.25

WATFORD FOODBANK AND COMMUNITY RELIEF TRUST

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 4 APRIL 2025

Independent examiner's report to the Trustees of Watford Foodbank and Community Relief Trust ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 4 April 2025.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 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 Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. the accounts 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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Dated: 18 December 2025 Gary Wong BFP FCA Chartered Accountant Institute of Chartered Accountants in England & Wales

Hillier Hopkins LLP

Chartered Accountants Radius House 51 Clarendon Road Watford Hertfordshire WD17 1HP

Page 6

WATFORD FOODBANK AND COMMUNITY RELIEF TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 4 APRIL 2025

Note Income from: Donations and legacies 3 Charitable activities 4 Total income Expenditure on: Charitable activities 6 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Unrestricted funds 2025 £ 567,841 - 567,841 568,176 568,176 (335) 316,658 (335) 316,323	Restricted funds 2025 £ 246,533 - 246,533 133,139 133,139 113,394 7,629 113,394 121,023	Total funds 2025 £ 814,374 - 814,374 701,315 701,315 113,059 324,287 113,059 437,346	Total funds 2024 £ 544,269 8,389 552,658 620,498 620,498 (67,840) 392,127 (67,840) 324,287

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 22 form part of these financial statements.

Page 7

WATFORD FOODBANK AND COMMUNITr RELIEF TRUST BALANCE SHEET AS AT 4APRIL 2025 2025 2024 Note Fixed assets Tangible assets Current assets 11 2.493 6,304 Stocks Cash at bank and in hand 12 38.6FA 400,830 28,599 293,558 439.494 322.157 Current liabilities Creditors.. 8mounls falling due within one year 13 (4.641) (4, 174J Net current assèts 434,853 317,983 -t-1 net assets 437.346 324,287 Charityfunds Restricted funds Unreslricled funds 14 121,023 316.323 7.629 316,658 14 Total funds 437.346 324,287 The financial statements were approved and authofised for issue by the Trustees and signed on their behalf by.. John Davld Blshop Roger Thomas Murphy Trustee 15.12.25 nhair fjf -ruStees The notes on page$ 10 10 22 forni part of these financial statements.

WATFORD FOODBANK AND COMMUNITY RELIEF TRUST

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 4 APRIL 2025

Note Cash flows from operating activities Net cash used in operating activities 17 Cash flows from investing activities Net cash provided by investing activities Cash flows from financing activities Net cash provided by financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year 18 The notes on pages 10 to 22 form part of these financial statements	2025 £ 107,272 - - 107,272 293,558 400,830	2024 £ (45,261) - - (45,261) 338,819 293,558

Page 9

WATFORD FOODBANK AND COMMUNITY RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2025

1. General information

Watford Foodbank Community Relief Trust Charitable Incorporate Organisation Incorporated in England & Wales. The registered address is Unit 5, Empire Centre, Imperial Way, Watford, WD24 4YH.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Watford Foodbank and Community Relief Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The accounts have been prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

2.2 Going concern

At the time of approving the financial statements, the trustees have reasonable expectation that the charity will able to continue in operation through the continued receipt of donations and grants for the next 12 months. Additionally, the charity holds sufficient unrestricted free reserves to meet any unexpected unbudgeted costs. Therefore these accounts have been prepared on a going concern basis.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Allocation between unrestricted and restricted funds is subject to specific conditions by the donor or grant maker as to how they may be used, and in accordance with fundraising applications. Unrestricted income is recognised for general use where there is no other specified purpose

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount: Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Grants are included in the statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

The value of donated goods is recognised within donations at fair value when received, with an equivalent amount recognised as charitable expenditure, after adjusting for the value of stock.

Page 10

WATFORD FOODBANK AND COMMUNITY RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2025

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure is allocated to restricted funds by direct attribution to the specific conditions set by the donor or grant maker, including agreed proportions of specific costs, such as salaries.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles - 20% Straight line basis Computer equipment - 20% Straight line basis

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of financial activities.

2.6 Stocks

Stocks comprise food, toiletries and other donated goods, held for distribution by the food bank. Stocks are valued at fair value, after allowance for out of date items.

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WATFORD FOODBANK AND COMMUNITY RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2025

2. Accounting policies (continued)

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid deposits with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activities as a finance cost.

2.9 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.10 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. The general funds include cash donation and stock donation.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

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WATFORD FOODBANK AND COMMUNITY RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2025

3. Income from donations and legacies

Unrestricted funds 2025 £ Donations 192,467 Grants - Foodbank stock donations 375,374 567,841 Total 2024 478,916	Restricted funds 2025 £ - 246,533 - 246,533 65,353	Total funds 2025 £ 192,467 246,533 375,374 814,374 544,269	Total funds 2024 £ 177,925 65,353 300,991
			544,269

4. Income from charitable activities

Unrestricted funds 2025 £ HMRC Gift aid - Total 2024 8,389 Analysis of grants Grants to Institutions 2025 £ Grants payable 15,000 Total 2024 15,000	Total funds 2025 £ - 8,389 Total funds 2025 £ 15,000 15,000	Total funds 2024 £ 8,389
		Total funds 2024 £ 15,000

5. Analysis of grants

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WATFORD FOODBANK AND COMMUNITY RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2025

6. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted funds 2025 £ Expense in the furtherance of charity activities 238,157 Foodbank stock distribution 330,019 568,176 Total 2024 549,888	Restricted funds 2025 £ 133,139 - 133,139 70,610	Total 2025 £ 371,296 330,019 701,315 620,498	Total 2024 £ 302,406 318,092
			620,498

7. Analysis of expenditure by activities

Expense in the furtherance of charity activities Foodbank stock distribution Total 2024	Activities undertaken directly 2025 £ 257,856 330,019 587,875 530,038	Grant funding of activities 2025 £ 15,000 - 15,000 15,000	Support costs 2025 £ 98,440 - 98,440 75,460	Total funds 2025 £ 371,296 330,019 701,315 620,498	Total funds 2024 £ 302,406 318,092
					620,498

Analysis of direct costs

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WATFORD FOODBANK AND COMMUNITY RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2025

7. Analysis of expenditure by activities (continued)

Analysis of direct costs (continued)

Additional food Community Relief Payments Foodbank distributions	Total funds 2025 £ 111,110 146,746 330,019 587,875	Total funds 2024 £ 89,516 122,430 318,092
		530,038

Analysis of support costs

Staff costs Rent Utilities Motor vehicle expense Maintenance of building Insurance Admin Printing, Postage & Stationery Accountancy Motor vehicle depreciation Bank fees Telephone and internet Total 2024	Donations 2025 £ 30,713 18,680 2,748 5,776 16,693 2,916 9,810 532 4,500 4,252 60 1,760 98,440 75,460	Total funds 2025 £ 30,713 18,680 2,748 5,776 16,693 2,916 9,810 532 4,500 4,252 60 1,760 98,440 75,460	Total funds 2024 £ 7,679 35,554 2,059 4,463 3,462 6,460 1,766 150 4,970 5,304 63 3,530
			75,460

8. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £3,900 ( 2024 - £3,600 ).

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WATFORD FOODBANK AND COMMUNITY RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2025

9. Staff costs

2025 £ Wages and salaries 30,000 Contribution to defined contribution pension schemes 713 30,713 The average number of persons employed by the Charity during the year was as follows: 2025 No. Employees 1	2024 £ 7,500 178
	7,678
	2024 No. 1

No employee received remuneration amounting to more than £60,000 in either year.

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year ended 4 April 2025, no Trustee expenses have been incurred (2024 - £NIL) .

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WATFORD FOODBANK AND COMMUNITY RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2025

11. Tangible fixed assets

Cost or valuation At 5 April 2024 Additions At 4 April 2025 Depreciation At 5 April 2024 Charge for the year At 4 April 2025 Net book value At 4 April 2025 At 4 April 2024 12. Stocks Food stock	Motor vehicles £ 26,520 - 26,520 20,216 4,164 24,380 2,140 6,304	Computer equipment £ - 441 441 - 88 88 353 - 2025 £ 38,664	Total £ 26,520 441 26,961 20,216 4,252 24,468 2,493 6,304 2024 £ 28,599

The stock held at the year end has been valued at £2.77 per kilogram (2024: £2.37 per kg) using the Trussell Trust guidelines. This represents the cash valuation of goods donated to the Foodbank.

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WATFORD FOODBANK AND COMMUNITY RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2025

13. Creditors: Amounts falling due within one year

Other taxation and social security Other creditors Accruals and deferred income	2025 £ - 139 4,502 4,641	2024 £ 435 139 3,600
		4,174

14. Statement of funds

Statement of funds - current year

Balance at 5 April 2024 £ Unrestricted funds Designated funds Designated Funds - all funds 100,000 General funds General Funds - all funds 216,658 Total Unrestricted funds 316,658 Restricted funds Restricted Funds - all funds 7,629 Total of funds 324,287	Income £ - 567,841 567,841 246,533 814,374	Expenditure £ Balance at 4 April 2025 £ - 100,000 (568,176) 216,323 (568,176) 316,323 (133,139) 121,023 (701,315) 437,346	Expenditure £ Balance at 4 April 2025 £ - 100,000 (568,176) 216,323 (568,176) 316,323 (133,139) 121,023 (701,315) 437,346
			216,323
			316,323
			121,023
			437,346

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WATFORD FOODBANK AND COMMUNITY RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2025

14. Statement of funds (continued)

Statement of funds - prior year Unrestricted funds Designated funds Designated Funds General funds General Funds Total Unrestricted funds Restricted funds Restricted Fund Total of funds	Balance at 1 April 2023 £ 100,000 279,241 379,241 12,886 392,127	Income £ - 487,305 487,305 65,353 552,658	Expenditure £ - (549,888) (549,888) (70,610) (620,498)	Balance at 4 April 2024 £ 100,000
				216,658
				316,658
				7,629
				324,287

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WATFORD FOODBANK AND COMMUNITY RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2025

15. Summary of funds

Summary of funds - current year

Balance at 5 April 2024 £ Designated funds 100,000 General funds 216,658 Restricted funds 7,629 324,287 Summary of funds - prior year Balance at 1 April 2023 £ Designated funds 100,000 General funds 279,241 Restricted funds 12,886 392,127	Income £ - 567,841 246,533 814,374 Income £ - 487,305 65,353 552,658	Expenditure £ Balance at 4 April 2025 £ - 100,000 (568,176) 216,323 (133,139) 121,023 (701,315) 437,346 Expenditure £ Balance at 4 April 2024 £ - 100,000 (549,888) 216,658 (70,610) 7,629 (620,498) 324,287	Expenditure £ Balance at 4 April 2025 £ - 100,000 (568,176) 216,323 (133,139) 121,023 (701,315) 437,346 Expenditure £ Balance at 4 April 2024 £ - 100,000 (549,888) 216,658 (70,610) 7,629 (620,498) 324,287
			437,346
			Balance at 4 April 2024 £ 100,000 216,658 7,629
			324,287

16. Analysis of net assets between funds Analysis of net assets between funds - current year

Unrestricted funds 2025 £ Tangible fixed assets 2,493 Current assets 318,471 Creditors due within one year (4,641) Total 316,323	Restricted funds 2025 £ - 121,023 - 121,023	Total funds 2025 £ 2,493 439,494 (4,641) 437,346

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WATFORD FOODBANK AND COMMUNITY RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2025

17. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the year (as per Statement of Financial Activities) Depreciation charges Decrease/(increase) in stocks Increase in creditors Purchase of tangible fixed assets Net cash provided by/(used in) operating activities	2025 £ 113,059 4,252 (4,481) 467 (441) 112,856	2024 £ (67,840)
		5,304 17,101 174 -
		(45,261)

18. Analysis of cash and cash equivalents

Cash in hand Total cash and cash equivalents	2025 £ 400,830 400,830	2024 £ 293,558
		293,558

19. Analysis of changes in net debt

Cash at bank and in hand	At 5 April 2024 £ 293,558 293,558	Cash flows £ 107,272 107,272	At 4 April 2025 £ 400,830
			400,830

20. Pension commitments

The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £713 (2024 - £178). Contributions totalling £139 (2024 - £139) were payable to the fund at the balance sheet date and are included in creditors.

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WATFORD FOODBANK AND COMMUNITY RELIEF TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2025

21. Related party transactions

The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 4 April 2025.

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