## **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 R2*x4unMIssi
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