Knowsley Foodbank Charity No. Il%i Compary No. CE028176 30 April 2022
Knowsley Foodbank Contents Pages 2to4 Trustees, Annual Report Independent ExaMineS Report statement of Financial Activities Summary Income and Expenditure Accouni Balance Sheet Notes to the Accounts 9t014 Detailed Statement of Financial ACtitieS to16 Page I
Knowslry Foodb3rtk Twstee5 Annual Report The trustees. who are also directors of the charity forthe purposes of the Companies Act 2006. present thetr report with the unaudtted finanoal statements of the tharityforthe period ended 30 April 2022. REFERENCE AND ADMINISTRATIVE DETAILS Comparry No. CE028176 Charlty No. 1196064 Reglstered OFftce UnftE Beckett Close Know15ey Industrial Estate L33 7XS Dkrertors and Trustee5 The Directors of the charitable company ale tts Trustees for the purpose5 of charity law. The following Directors andTrustee5 Serv during the year: A. Bell L.E. Davies C. Goulding J.l.W. Go(Elding Key Mafi4èmènt Personnel Chair JJ.W. Goukling Attountants Roberts. Emery and Co Ltd 13 Clinton Place veTpooI L12 7HB OBJECTiVES AND A1VITIEs Our objectives are to feed the hungry. overcome poverty. free people frorn the burden of unmanageable personal debt and assist people onto a betterfuture. The main activities undertaken in relation to those purposes are provfidlTrd emergency food provision, toiletries, homewares. dothin& debtlwelfare adwice arml other training to those in fLnancial need with no distinction of age, race, sex. gender identity. reli8ion. Sexual orientation, political belief or other opinionsldistinction. We can confirm that the trnstees have given consideration to the Charity Commission'5 guidance on the public benefit requirement. ACHIEVEMENTS AND PERFORMANCE Page 2
Knowsley Foodbank Trustees Annual Report Knowsley Foodbank is a charity that enable5 the community in and around Knowsley to meet the emergenry food needs of those within the same community. The Foodbank issimply a means of linking a generous community Wlth those in need of support. Over 9.000 people were fed durin8 this period and all aspects of our thaTitable delery continued to grow. The Board continues its endeavours to address poverty in its most basic forms by wowing iys distribution. I would like to take this opportunity to tharÈk the Board members and Voluntee who attively support the Charsty week in and week out We look foNard to another SusSIu1 year in 202212023. FINANCIAL RPIIEW A review of the charity's finanoal posstion at the period ended 30th April 2022. In 2022 incorne via financial donations and fcK)d donation5 was £103,1( with an expendwture to £89.318. As at the balance sheet date. the organisatK)n had cash reserves of £11,302 and stoths of food held at an approximate value of E6.701. The net incomin8 re50urce5 forthe period amounted to £13,788. Atthe period-end unre5tr1cd funds total £13.788. The Trustees are Satisfied thèt they have suffiaent reserves at the Balance Sheet date. togethei wtth ongoing income anticipated. to enable the organisation to functlon effectively in the coming year. STRUCTURE. GOVERNANCE AND MANAGEMENT The tru5tee$ are responsible forthe management and administration of the Charity's properties and funds in accordance with our trust deed. Except where otherwise agreed. every issue may be determined by a simple majority of the votes cast at a meeting of the Trustees. A resolution which is in writing and signed by all trustees is as valid a5 a resolution passed at a meeting. Each Trustee has one vote on each tssue. in the event of a tie the Chair of the meeting has a second deciding vote. The trustees meet regularly and are responsible for the strategic direction and policy of the Chattty. The managers also attend these meetkngs have no voting rights. A scheme of delegation 15 in place and day to day responsÈbility for the provision tsf the seryiw rest with the managers. volunteers. finan and administratton staff. There is shared responsibility for ensuring thatthe Charity delNers the ServIS specified, Ihat the key performance indicators are met and that the stsff tearn continues to develop thelr skills and working practices in line wtth good Pfactice. The trustee5 have conducted a review of the major risksto whbch the Charity is exw)sed and where appiopriate, systems or procedures have been estsbli5hed to mtwtethe risks the Charity faces. External risks to funding have led to the development of a strategic pian whid) wlll allow for the diversification of funding and activtties. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedure5 are in place to ensure compliance with health and safety of staff. volunteels, service u5er5 and vi%itors to the premises. Standards are monitored both internally 3nd externally to ensure consistent quality of delr¥ery for 311 operational aspects of the Chaiity. These protedures are periodicalty reviewed to ensure that continue to meet the needs of the Charity. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial posltlon of the charity and to enable them ensure that the flnancial statements comply with the Companies Art 2(K)6. TheTrustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irrègularities. Pa8e 3
DW51py Fvodbayjk TnE5 AThr)ual Report 0)3TitiE550RP tFR5 It% 5w)ed Dn bpTroU olthe board JJ.W. Gouythng Tnp5tte 23 FEbTuary X$23
Knowsley Foodbank Independent Examlners Report Independent Examlner's Rertttsthe of Knowsley Fdbank I report to the charity trsteeS on my examination of the financial statements of Know51ey Foodbank for the period ended 30 April 2022 which comprise the Statement of Financial A¢tMtles, the Summary Income and Expenditure Account, the Balan Sheet and the relateil notes. Rèsponslbllitie5 and basls of report As the truste of the charity land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statemerEts in accordance with the requirements of the Companie5 Act 2006 I'the 2006 Act. Having satisfied myse5fth3t the finanaal slatements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respert of my examination of your charity's finanLial statements as carried out undersection 145 of the Charities Act 2011 Ilhe 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission undef section 14515llbl of the 2011 Act. Independent examinels statement I have completed my examination. I can confimi that no material matters ha¥e come to my attention in connertion with the examination 8ivin8 me cause to bVe that.. accountang records wefe not kept in accordance wtth section 386 of the 2CM)6 Act: or • the financial statements do not accord wsth those records- or the financial statements do not comply with the accounting requirements urKler sectK•n 3% of the 2CX)6 Acl other than any requiTement that the financial statements give a Irue and fair. view which is not a matter considered as part of an independent examination,. or the financial statements have not been prepared in accordan with the Charttie5 SORP IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this rewt in order to enable 3 proper understsnding of thefinancial statements to be reathed. Mark Robert5 FCCA Chartered certifRd accountant Roberrs, Emery and Co Ltd 13 Clinton Place tiverpool 112 7HB 23 February 2023 Page 5
Knowsley Foodbank Statement of Financial Actsvities for the period ended 30 A41rll 2022 Unrestrirted funds Totsl fvnds 2022 2022 Income and endowments Donatitsn5 and legacies Charitable activities 102,238 102.238 Totsl 103.106 103,1( ExpendItU on: Charitable activtties 76.174 13,144 76,174 13,144 Other Totsl 89,318 89.318 Net gains tsn investments Net income 13.788 13.788 Transfers between funds Net intomè beforé oth•T Bainslllossesl 13.788 13,788 other galns and losses Net movement in lub5 13.788 13,788 Reconclllatlon of fvrKIs: Totsl funds carrled foyward 13,788 13.788 Page 6
Knowsley Foodba*k summary Intome and EXndItre Account forthe perbod ended 30 Aprll 2022 2022 Income 103,106 Gross lttcom• for the period Expenditure 103.11 89,318 Totsl expenditure forthe period Net income before tsx for the period 89.318 13.788 Net Income fry the perlod 13.788 Pa8e 7
alan(t Shtet af 30 Apvil 2021 ct028176 510(ks Debtor5 Cash • bonk and in haw &701 11.a12 18.4&5 14.67TJ 13.788 Crnthtork" AThvnt fafiiry dwèTrtAn io 13.788 Total assets 13.78B 11788 The fvnd5 ofthe tbky General fiMJds Total or the TIC 30April 2022 the cornparrywas entidvd to e¥emprioTrundw5ertion4nvftr Companies 2(6 Telatire to SMBII companie The rnnber$ hayp reqtsired the crmnpany to obtsin an avtht fft acctydarJ¢ewithSeebon476dthe Companie5 2(. The directors acknthvled ther resporsibFhbe5for tDrnth with thE ofthE C(¥hpaTrs Apptoyed bythe on 23 Fery 2023 And Signed Its beha br. JJ.W. 6ouldinN 23 February2023 Page 8
Knows1 Foodbank Ngtes to the Accounts for the period ended 30 April 2022 l Actounting policies Basis of preparation The financial statements have been piepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing the>r attounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffettive I January 20151- (Charities SORP IFRS 10211. the Financial Reporiing Stsndard applicable in the UK and Aepublic of Ireland IFRS 1021 and the Companies Art 2006. Ch3nge in basls of aCuntIng orto prv41ous a(cots There has been no change to the accountin8 poltctes (valuation wles and method of accounting) since last year and no changes have been m3de to accounts for previous years. Fund accountinB Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity- These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which Ènclude a revaluation reserve rep¥esenting the restatement of investment assets at their market valves. These are available for use subject to re51rictions imposed by the donor Or through tem)s of an appeal. Designaied funds Revaluation funds Restricted funds Income ecognition of income Income is included in the $tement of Financial ActNities ISOFAI when the charity becomes entitled to. and virtually rtain to receNe. the income and the amount of the income can be measured with sufficient reli3billty. Income with related Where income ha5 lated expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntary income recewed by way of grants, donation5 and g5fts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tsx reclaims is induded in the SOFA at the same tlme as the donation5 and gifts gift/donation to which st relates. Donated servi5 These are onty included in income (with an equivalent amount in expendIre) and facilities where ihe benefit to the Charity 15 re&50nably quantifiable, measurable and material. Volunteer help The value of anyvolunteer help received is not included in the accounts. Investment income Thi5 15 included in the accounts when receivable. Gains/llossesl on This indudes any gain or Soss resultin8 from rewdluing Énvestments to market value revaluation of fixed at the end of the year. assets Gainslllossesl on investment assets Thts Includes any goin or loss on the sale of investments. page 9
Knowsley Foodbank Notes to the Accounts Expendlture Recognition of expenditure Expenditure is recognised on an accruals basis. Expendiwre includes any VAT which cannot be fully recovered, and 15 reported as part of the exnlture to which it relates. Expenditure on These comprise the tosts a55OCiated with attracting voluntary income. fvndraising ralslng fund5 trading costs and investment management tosts. Expenditure on These compTise the costs incurred by the Charity in the delNery of its activities and charitable actNities serwces in the fvrtherance of its objects. induding the making of grants and governan costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audivindependent examination fee5, costs linked to the stTètegic management of the Charity. together with a share of other administratn costs. These are support tosts not allocated to a particular artlvlty- Grants payèble Governance costs Other expenditure Taxatlon The charity is exempt from Corporation tax on its tharitable actiwties. Freehold investment propeity Investment propertie5 are mèasured initially at cost and sub5eqvently at fair value at each balance sheet date and are not depreciated. All gains or losses are tsken to the Statement of Financial ActNitfjes as they arise. stocks Stock is included at the lower of tost or net realIsab value. Donated items of stock are recognised at fair value which s the amount the chartty woukl have been willing to pay for the Items on the open market. Trdde and othei debto Trade and other debtors are reco8nised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand. demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the ststement of financial position, bank overdrafts are shown within borrowin85 or current liabilities. In the Statement of Cash Flows. cash and cash equtvalents are shown net of bank overdrafts that are payable on demand and form an integral part of the companvs cash management Trade aThl other credito Short temi creditors are measured at the transartion price. Other ueditofs and provisions are recoyised where the charity has a present obligaiion resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provEions are nornialty recogntsed at their settlernent amount after allowingfor any trade discounts due. Page 10
Knowsley Foodbank Notes tothe coUnt$ Research and development Expenditure on research and development is written off in the year in which it is incurred. Foreh8n currènties Monetary assets and liabilitie5 denominated in currencies other thèn the functK)nal currency of the charity are translated at the Tates ol exchange prevailing at the end of the reporting period. Tran5aCtiofts in currenaes other than the functional currenty of the charity are recorded at the rate of exchan8e on the date that the tran5artion occurred. All exchange dtfferences are are taken into account in arriviro at net Incomelexpenditure. ased assets Where the charity enters into a lease which ent3iLs taking substantial all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the rrsks and reward5 of ownership to charity are cla55Èfied as operatin8 leases. Assets held under finance leases are initialty reco8nised 35 assets of the charity at their fatr value at the inception of the lease or. if lower. at the Present value of the minimum lease payments. The correspondin8 liability to the lessor is included in the balance sheet date as a finance lease OblatiOn. Lease payrnents are apKx)rtioned between finante expenses and redurtion of the lease obligation so as to achieve a constant rate of interest on the remaining balan of the liability. Finance expenses are recognised immediately. unless they are dFrettly attributsble to qualÉfying assets. in which c3se they are capitalised in ac¢ordante with the charity's policy on borrowing costs. Assets held under finan leases are depreciated in the same way as owned assets. Operating lease payrnents are conised as an expense on a straighi-line basis over the lease terni. In the event that lease inntiVeS are received to enter into operating leases. such incentives are recognised a5 a liability. The aggregate benefit of incenti¥es is recognised as a reduction of rental expense on a straight-line bask5. Penslon costs The charity operates a defined Contriblon plan for its employee5. A defined contTibution plan is a pension plan underwhich the company pays ffixed tontributions into a separate entity. on the contribution5 have been paid the company has no fvrther payments obligatsons. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in acclalS in the balance sheet. The Sets of the plan are held Separa1¥ from the company in independently administered funds. Receipt of donated É¢)ods. facllitles and services All donated goods. faolities and semces received are recognised wÉthin incoming resources and expenditure at an estimate of the v31ue to the thartty- 2 Company statW5 The company 15 a private company limited by guarantee and consequently doe5 not have share capital. Pa8e li
Know51ey F¢)odbank Notes to the Accounts 3 Income from donatlons and legacles Unrestrlcted Total 2022 Grants and donations 19.363 82.875 19.363 82,875 Food donation5 102,238 102,238 4 Income from charltable artivitses Unrestrlcted Total 2022 Services 868 S Expenditure on tharitable a¢tivitles Total 2022 Expertditure on choritoble octivitie5 Services 76.174 76.174 Governunce costs 76.174 76.174 6 Othèr eKpÈnditurè unstrICted Total 2022 Employee costs Premise5 cosIS 10,119 10.119 2.572 2,572 453 General administrative costs 453 13.144 13.144 Pa8e 12
Knowsley Foodbank Notes to Accounts 7 Staff costs 2022 Salaries and wages Social security costs Pension costs 9.499 579 41 10,119 No employee receNed emoluments in excess of £60.(KXI. The average monthly number of full time equiwdlent employees during the year was as follows.. 2022 Number General 8 Stocks 2022 Finished goods 6,701 6.701 Carrwn8 value analysed by activit5 2022 Food supplie5 6,701 6,701 9 DebtOTS 2022 Trade debtors 462 462 10 Creditor amounts fallin8 due wlthin one year 2022 Trade cieilitors Other taxes and soual security Other credttors 2.308 1,869 4.677 Pa8e 13
Knowsley Foodbank Note5 to the A¢counts 11 Movement in lunds Incoming resources Ilndudi Resources At 30 April expended 2022 gainsllosses Restricted funds: Unrestrirted fund& General funds 103.106 189,3181 13.788 Total funds 12 Anatysls of net assets between funds 103.106 189.3181 13,788 Unrestricted fvnds Totsl Net current assets 13.788 13.788 13.788 13.788 13 Reconciliation ot net debt At 30 April 2022 Cash flows Cash and cash equivalents 11.302 11.302 11,302 11.302 Net debt 11.302 11.302 14 Commltrnents Pension commitments 2022 The pension cost charge to the company amounted to.. 41 15 Related party disclosures Controlllng porty The company is Ilmfted by guarantee and has no share capitsl- thus no single party controls the company. Page 14
Knowsley Foodbank Detalled 5tatsment of financ1 Activi for the period ended 30 April 2022 Unrestritted funds Total funds 2022 2022 Income and endowments from: Donation5 and legacies Grants and donations Food donations 19.363 82.875 102.238 19,363 82.875 102,238 Charitsble activities Services Total income and endowments 103,106 103,106 Expenditure on: Charitable activities Ser¥ice5 76,174 76.174 76,174 76.174 Total of expèNllture on charltable activities 76.174 76.174 Employèe costs Salarie5lwages Employer's NIC Pension costs 9.499 579 41 9.499 579 41 10.119 10.119 Premises Costs Light, heat and power 2,572 2,572 2,572 2,572 General administrative costs. Including depredatlon and amortisation Equipment repairs and maintenance Software. IT support and related costs 280 173 173 453 453 Tot31 of expenditure of other costs Total expenditure 13,144 13,144 89,318 89,318 Net 8ain5 on investments Net Income 13.788 13.788 Net income before other gainslllosses) 13.788 13.788 Pase 15
Knowsley Foodbank Detsilèd Statement of Finandal Activths Other Gains Not movement in funds 13,788 13,788 Reconclliation of funds: Total funds brought forward Total funds carried forward 13.788 13.788 Pa8e 16