Trustees’ Annual Report for the period
From 01/03/2022 To 28/02/2023
Charity name: Knighton & Presteigne Foodbank
Charity registration number: 1200127
This is the annual report and audited accounts for the period ended 28 February 2023. The Trustees of Knighton & Presteigne Food Bank confirm they comply with the requirements of the Charities Act 2011, the trust deed and the Charities SORP (FRS 102).
OBJECTIVES AND ACTIVITIES
Context – Knighton Food Bank started in October 2012 in response to the, then current, financial situation. It was one of several projects operated by Churches Together in Knighton & District (CTKD). In 2022, Knighton Food Bank was informed of the decision to de-register CTKD as a charity and Knighton & Presteigne Foodbank was awarded charitable status in its own right on the 19[th] August 2022.
Purposes – The prevention and relief of poverty by the provision of food, funds, goods or services for the public benefit of residents of Knighton, Presteigne and the surrounding area.
Activities - With the support of local government and other funding bodies together with donations from individuals in our local communities, we have been able to respond to the difficult economic situation by providing food, toiletries, and a range of other helpful items such as slow cookers to those in great need within our area. In addition, a Winter Project was run and special Christmas parcels made up and distributed.
Public benefit - In their decision-making and management, the Trustees have had regard to the guidance issued by the Charity Commission on public benefit.
ACHIEVEMENTS
The foodbank has operated throughout the period on two days in Knighton and on one day in Presteigne. Particular emergency needs have also been met at other times as they have arisen. We refer to the families and individuals we support as our ‘friends’. They have come to us (often in great distress) via statutory agencies, health visitors, GP, etc. and also by direct contact with our manager.
The Knighton site has continued to be operated from a house attached to and owned by Knighton Baptist Church for two hours on Tuesdays and Fridays. Near the end of the year, the Youth Centre was identified as a possible suitable future location for our operations in Presteigne and has been hired for a trial period.
Our manager is incredibly innovative in the way she has faced-up to the current energy and food inflation crisis – vouchers for local butchers and greengrocers (supporting the local community and giving friends a choice), slow cookers, air
fryers, warm throws, bags of personal hygiene goods for our local secondary school plus some stunning Christmas hampers. We are all very grateful for her professionalism and empathy.
We have had steady support from the local community throughout this period, both by way of food donations (collection boxes in shops, Harvest Festivals, etc.) and through standing orders and one-off cash donations. In addition, we have received discretionary grants from the Welsh Government/Powys County Council which have allowed the purchase of all those slow cookers, blankets, duvets, etc.
We would like to take this opportunity to thank the community, our volunteers and our Trustees for their unstinting support through some very lean times and also to Knighton Baptist Church for their generosity in providing our accommodation in Knighton (and allowing us to even spill out into the church pews during busy periods!).
Breakdown of service provision
FINANCIAL REVIEW
Review of the charity’s financial position at the end of the period - Once the Knighton & Presteigne Foodbank became a charity in its own right and with the blessing of Churches Together, all the funds held by CTKD on behalf of the Foodbank were transferred in tranches to the new charity and the old bank account was subsequently closed just before the financial year end.
The local communities were informed of the change of name, status, new bank account etc via the Foodbank website, publicity materials, mailings, and word of mouth. Pleasingly, the important and significant regular monthly donations by standing order or gift aided (administered by Stewardship) remained at a similar level throughout this transition period. The less-predictable one-off donations by individuals and organisations, together with Local Government grants, also continued as previously. As a result, the healthy financial position enabled various specific initiatives to be funded such as a Winter project and making up of special Christmas parcels, in addition to the purchase of food and other essentials to compensate for shortfalls in stock levels.
Statement explaining the policy for holding reserves stating why they
are held - We have aimed to maintain reserves at the bank of £30,000 which covers approximately 15 months running costs. Further funds have been retained to enable the Foodbank to survive possible future damaging political decisions, economic changes, or other emergencies which could result in reduced donations to the Foodbank and/or increased demand for its services. The reserves at the end of the period were sufficient to meet these requirements.
Investment policy and objectives including any social investment policy
adopted - All the cash assets have been held in a current account and savings account with HSBC UK Bank plc. The total at the end of the period was well below the Financial Services Compensation Scheme limit for charities of £85,000.
A description of the principal risks facing the charity - The main financial risk to the Foodbank is associated with the economic climate within the country and the ability of individuals in our local communities to afford to donate. However, the significant level of reserves held currently should enable the Foodbank to continue to operate even in the event of a national crisis.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Type of governing document – Constitution
How constituted – CIO
Trustee selection method – Appointed by the Committee of Trustees
REFERENCE AND ADMINISTRATIVE DETAILS
Charity name – Knighton & Presteigne Foodbank
Registered charity number – 1200127
Charity’s principal address – Tower House, 29 High Street, Knighton, Powys LD7 1AT
Names of the charity Trustees who manage the charity
1
2
3
4 5
| Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|
| Julia Roberts | Chairperson | Committee of Trustees | |
| Alison Thomas | Secretary | ||
| Madeleine McDonagh | Treasurer | ||
| Sally Mansell | |||
| Ann Curtis |
DECLARATIONS
The trustees declare that they have approved the Trustees’ report above.
Signed on behalf of the charity’s Trustees
! CHARITY COMMISSION I FOR ENGLANO ANO WALES Knlghton & Proste[g Foodbank 12fX)127 Receipts and payments accounts CC16a For the period Irom 0110312022 2810212023 Section A Receipts and payments Unrestricted funds lothe ne4r••t Restricted fund8 Endowment fund8 Total lunds Last y8ar to the e•$t£ to tho ngafestE ¢0 IhB nMrostt to tho nBar•st£ A1 RÈcelpt& DonaiiOll$ Giants Tran8feThedfrom Knighton and East Radnor P( Bank Ichanty no 11723531 IICh will be4iSSOlwni Interest rec8ivÉd 10,290 10.290 54.967 4.288 9,2S3 Sub totallGross in¢ome for ARI 68,257 5,667 TO.924 A2 A55et and inve5trnent Sales, (see tsblel- Sub total 6S,257 S,667 70,924 A3 Pa ments nager refflunfrratiw13 rrthS1n 20221231 Fw). ioiletTres. Voudr$ cothers. 3.37$ 2.100 5.475 1.J65 Twepnone 8 Internet Publicity. Ptsstage & SL*tionety Bankchar Hire & equippiw of wemises 342 25 342 25 9JO Sub total 4.802 8.138 A4 Asset and Investment rcha888, Isee table Sub total 4.802 3.334 8,136 Net ofrecelpts/(payments) AS Transfers between fund$ A6 Cash funds last year end Cash funds this year ond 80.455 2.333 82.788 60.455 Z,333 62.788
Section B Ststement of assets and liabilities at the end of the period Endowmcnt fund tOn••rtsi£ Catcyorles fn08 lund• Bl Ca¥h fund¥ 31.Q12 iJsJ HSBC kloniyMana)wk(Ounl 29.195 Toial ¢4$h funrts 60N55 2JJ3 Unrestrlctad funds Re&trtcled Endowment fund¥ Dela115 oni&MsI£ Delal ¢oitlOPilonill Detalls tbe Vwe&rtl8d 84 A88ets r•tsin•d forth• ¢h•rity'# own u$e Funjtowhh Amountth• Vth•ndu Det8i¢g 85 Lsabilities Swne&oyone oikr Irlth? on b8hdfola¥ me tyvstees Signature Print Name 13&23 ISorJ 2GA&:" éMP4£ CCXX R2x4unMIssi 1W07I2025
Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of NIGHTON & PRESTEIGNE FOOD 8ANK CIO On accounts for the year ended 28 FEBRUARY 2023 Charity no lif any 1200127 Set out on pagos I report lo the Iruslees on my examination of the accounts of the above charity I'lhe Trust"} for the period ended 28 102 12023. Responsibilitifrs and As the ¢haiity Iruslees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 1"Ihe Act l. I report in respect of my examination of the Trust'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 14515llbl of the A¢¢. I have completed my examination. I conlirrn that no material matters have Come to my attention in conneclion with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concerns and have come across no other maller5 in connection with the examination to which attention should be drawn in order to enable a proper underslanding of the accounts lo be reached. Signod.. Date- 1 2110812023 Name.. CHRISTOPHER THOMAS NATHANIEL DAVIS MEng ACA Relevant professional qualificationlsl or body lif any).. ICAEW Membership # 2956147 Address.. Housego Accountancy & Taxation Ltd offi 10, Broadaxe 8usiness Park, PRESTEIGNE, Powys, L08 2UH UNITED KINGDOM Section B Disclosure Only complete Il the examiner needs to hi9hlight matters ol concern (see CC32, Independent examination of charity accounts". directions and guidance for examiners). IER A1 October 2018
Givè h$r¢ bri•f d•tails of any items that the examinèr wi$h*$ to disclose. Nothing Further to Report. IER October 2018