Charity Number.. 1202604 Registered In England & Wales Swansea Foodbank Report to the Trustees and UnaL5dited Financial Statements For the year ended 31st May 2025 Swansea Foodbank For the year ended 31st May 2025 Contents Page Charity Inforniation Trustees Report Independent Examiner's Report SuTnmary Receipts & Payments Account 8alance Sheet Notes to the Financial Statements 8-13 Appendix.. List of Donors 14 Swansea Foodbank For the year ended 31st May 2025 Charity Inforniatlon Trustees Mrs Gloria Hughes Ichairl Mr Christopher Davies ITreasurerl Mr Peter Hurst Mr Philip Davies Rev Or Adrian Moryan MrAlan Cram Ms Julie Rees Registered Number 1202604 Registered offlce St Catherine's Church Alexandra Road Gorseinon Swansea SA4 4NU Independent Examiners Swansea Accountancy Limkted 237 Jersey Road Bonymaen Swansea SAI 7DL Bankers HSBC Swansea Foodbank For the year ended 31st May 2025 Annual Rem: Swansea Foodbank l. Introdurtlon and O¥er¥lew This report covers the 3rtivitie5 and developments of Swansea Foodbank forthe financial year ended 31st May 2025. It is submitted to external stakeholders to provide an oveNiew of our work, governance, and financial position. 2. Governance and Structure The board of trustees oversees the governance and strategit direction of the charty. A review of all policies and processes, including safeguarding. data protection, and confidentiality. was completed and policies were distributed to all seven Foodbank centres. A trustee. Chris Davies, has been appointed to be responsible for data protection. A new Trustees, Policy Document was adopted. which includes a tode of condurt for the induction of new trustees. Peter Hurst has taken over the treasurer role from Chris Davies. 3. Charltable Actlvities and Achievements Benefits Advice and Finanual Inclusion: The benefits advice team works wf(h foodbank clients to prevent them from needing to use the foodbank in the future. The team's work is collaborative an(i supportive. The team secured a total of £663,698 in financial gains for clients during the year. The team has not lost a single court case, and they are the only charitable benefits advisor to help clients throughout the entire process, including Court appearances. The charity is also seeking a replacement Financial Inclusion case 5UPPOrt worker. Partnershlps and Advocacy: Swansea Foodbank work5 to build connections within the city to end the need for foodbanks. The CEO attends the bi-monthly Swansea Food Poverty Forum. which has been a source of information on funding opportunfcies. such as the Period Digntty Fund and the Household Support Fund. The CEO also links with Trussell Trust and other Welsh foodbanks and represented Swansea Foodbank on the Swansea Poverty Truth Commission. The commission identified key areas of work. including breaking the cycle of poor mental health and poverty and reducing the stigma and assumptions about p)verty. Operatlonal Developments The charity grateful￿ acknowledges the generosity of RNerside Christian Fellowship for the use of Siloam for many years. The warehousing provided at Siloam (Foodbank Warehouse Facility) will no longer be required. as in future, each centre will store rfcs own food locally. thereby eliminatingthe need for a central distribution point. 6. Our Volunteers The Trustees wish to place on record their sincere gratitude lor the huge contribution of time donated freely and willingly by our over 150 volunteers across all of the Swansea Foodbank centres. Our volunteers are the lifeblood of our organisation. Their contributions are eqLENalent to having six full-time staff members. At the minimum wage of £12.21 for a 35-hour work week, this would be equivalent to £133.CW)O in salarie5. In recognition of time spent volunteerin8, the Charity is participating in the Tempo Time Credits scheme, which allows volunteers to exchange credits for artivities and days OLrt. A (le-e5calation course was scheduled to help volunteers handle situations involving clients with anxiety and, at times. abusNe behaviours. Swansea Foodbank For the year ended 31st May 2024 Annual Report: Swansea Foodbank Icontlnued) S. Flnancial Revlew Peter Hurst has taken over the treasurer role from Chri5 Davies. The budgeting principle for all centres will be based on the number of vouchers each centre fulfils. The trustees have set aside designated fundlng for staffing in a reserved fund. The charity is also exploring alternatNe accounts to obtain higher interest rates and will move £85,000 into a one-year bond with CAF Ishawbrook bankl and £20,000 into an instant access account. The Trustees would like to place on record their sincere gratitude for all the donations receNed during the year, which are listed in the attached list of donor5. 6. Fundralslng The fundraiser. Peter Hurst, has raised £78,303 restricted and unrestricted funds, which includes money for food. toiletries, and fresh fruit and vegetables. The fundraiser has also negotiated with student providers to send surplus food at the end of academic terms. Morfa Shopping Park fijnded 10,000 strong reusable carrier bags, and the Pobl Trust funded 23 donation baskets that have been placed in workplaces and community settings to attrart more food donations. 7. Impart Swansea Foodbank fed 12,500 people with a food parcel. and l in 37 of Swansea's population was helped by Swansea Foodbank. 8. Communlty and Partner A8encles The Trustees also want to express their gratitude to the many other agencles who provide excellent support services to our Food Bank Centres. The dedication and tommitment of these partners are vital ingredient5 in developing a collaborative ecosystem of wraparovnd care and support for our clients. We are especially grateful for the support given by Swansea Tenancy Support, Swansea Local Area Coordinators, Adferiad, The Jack Lewis Foundation, The Red Cross, and many others. 9. Donor Acknowledsement The Trustees would like to express their sincere gratitude to all the corporate donors who 50 generously supported our work during the year, a list of which is appended to this report. Swansea Foodbank For the year ended 31st May 2025 Report to the Trustees Itont) There are no serious incidents to report during the year ended 31st May 2025. Declaration: I declare in my capacity as a trustee that: The trustees have approved the above report, and Have authorised me to sign it on their behalf Signature: G- &Ag3......................... Full Name.. Gloria Hu8hes Position.. Chairman of the Trustees Date: Swansea Foodbank For the year ended 31st May 2025 Independent Examlner's Report to the Trustees of Swansea Foodbank I report on the accounts for the year ended 31st May 2025 set out on page5 6 to 7. Respertl¥e responsibilities of the trustees and examiner The Charity'5 trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year under Section 144 of the Charities Art 2011 (the Chartties Act) and that an independent examination is needed. It is my responsibility to- examine the accounts under section 145 of the Charities Act. to follow the protedures laid down in the general Directions given by the Charity Commission (under sertion 1451511bl of the Charities Art. and to state whether particular matters have come to my attention. Basis of the independent ex?miner's rewt My examination was carried out in accordance with general DIrett￿n5 given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of ?ny unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in On audit. and consequently no opinion is given as to whether the aecounts present a 'true and fair, view and the report is limfced to those matters set out in the statement below. In tonnertion with my examination, no matter has come to my attention". I which gives me reasonable cause to believe that in, any material respect. the requirements: to keep accounting records in accordance with section 130 of the Charitie5 Act,. and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act hive not been met- or 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be ￿3¢he￿. QLLÉr Mrs Lisa Allen ACCA Swansea Accountanry Limited 237 Jersey Road Bonymaen Swansea SAI 7DL Swansea Foodbank For the year ended 31st May 2025 Total Ststernent of Financial Actlvitles 2025 2024 notes INCOMING RESOURCES Voluntary Income Investment Income 227,062 2,853 265,529 102 Total incorning resources 229.915 265,631 RESOURCES EXPENDED Costs of Generating Volurrtary Income Fundraising Trading Costs Charitable Activitie5 Governance Costs 150,857 12,881 116,821 11,837 Total resources expended 163.738 128,658 NET INCOMINGIIOUTGOINGI RESOURCES 66,177 136,973 Swansea Foodbank For the year ended 31st May 2025 Balance Sheet 45 •t 3tst May 2025 2025 2024 notes TOTAL TOTAL FIXED ASSETS Equipment 3,826 4,783 CURRENT ASSETS Cash in Hand and at Bank Food Stock Dek)tors 176,484 23,339 128,961 3,729 199,823 132.690 CREDITORS Amounts falling due within one year 1.924 500 NEf CURRENT ASSETS 197,899 132,190 NET ASSETS 201,725 136,973 FUNDS Restrirted Funds Unrestrirted Funds io io 13,080 188,645 47,564 89,409 201.725 136,973 The financlal statements were approved by the Board of Trustee5 on_ on its behalf by- nd were signed SIGNED p É As-rf TRUSTEE DATE SIGNED TRUSTEE OATE aal:,J The notesform part of thesefin¢7nci¢71stotements. Swansea Foodbank Forthe yearended 31st May 2025 Notes to the Flnandal Staternents I. ACCOUNTING POLICIES The Financial Statements have been prepared under the historic cost basis of accounting, and are in accordance wr¢h applicable accounting standards. the SORP 'Accountin8 and Reporting by Charities" lissued in March 20051 and the Charitie5 Act. 2. INCOMING RESOURCES ReC￿nItIon of Incomlng Resources These are included in the Statement of Financial Activities ISOFAI when- The charity becomes entitled to the resources: the trustees are virtually certain they will recerve the resources: and the monetary value can be measured with sufficient reliability Grants and Donatlans Grants and donations are only included in the SOFA when the charty has uncondttional entitlement to the resources. Tax Reclaims on Donations and Gifts Incoming resources from tax reclaims are included in the SOFA when they are receNed. Investment Incorne Investment income is included in the accounts when receNable. EXPENDITURE & LIABILITIE5 ablllty Recognltlon Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to pay out resources. Costs of Generating Funds This comprises those costs attrilxrtable to generating incomin8 resources from all sources other than those from undertaking charitable artivf£ies. Charitsble Activities This comprises all expenditure dirertly relating to the objects of the Charity- Swansea Foodbank For the year ended 31st May 2025 P4otes to the Flnandal StstemeAts {contlnuedl Governance Ct)Sts Governance costs comprise costs incurred in the governance of the Charity. These costs include costs relating to Independent Examination. together with apportionment of overhead and support costs where appropriate. Taxation The Charity is exempt from taxation. ASSETS Flxed Assets Fixed assets are initially recorded at cost, and are subsequentty stated at cost less any accumulated depreciation and impairment losse5. Stocks and Work In Progress Stotk held is of food donated during the year but not yet distributed. Stock is valued by weight of stock held multiplied by an external valuation figure. 3. ANALYSIS OF INCOMING RESOURCES Incoming Resources from Charftable Activitles 2025 2024 Donations Donations Grants Trussell Trust 152,798 3,700 56,790 201,589 18,400 45,540 Gift Aid 13,774 TOTAL 227,062 265,529 Swansea Foodbank For the year ended 31st May 2025 Notes to the financlal Statements {contlnued) Investment Inc¢xne 2025 2024 Bank Interest 2,853 102 TOTAL 2,853 102 4. ANALY51S OF RESOURCES EXPENDED Charitable Activities 2025 2024 Food Boxes Opening Food Stock Food Purchases Personal Hygiene Ptjrchases Closing Food Stock Gifts & Donations Admin Costs Wages 182 3,729 57,935 4,255 23,339 1,440 8,207 98,449 1,947 38,283 8,543 3,729 11,007 60,769 TOTAL 150,857 116,820 io Swansea Foodbank For the year ended 31st May 2025 Notes to the Flnancial siatements {contlnuedl Governanee Costs 2025 2024 Advice UK Recruitment & Training Insurance Trussell Trust Franchise Fee Printing. Postage. Ink & Stationery Other Foodbank Costs Telephone Equipment Depreciation Accountancv Travel Costs Bank Charges 983 1,007 748 1,823 1,246 706 398 512 375 651 315 120 5,806 957 500 1,750 99 2,962 1,196 500 1,978 83 TOTAL 12.881 11,835 5. OETAILS OF CERTAIN ITEMS OF EXpEND￿URE Fees for the examlnatlon or audit ofthe Accounts 2025 2024 Accountancy and Independent Examination Fees 500 500 51)0 6. CASH IN HANO & AT BANK 2025 2024 Current Account Deposit Account 13,530 162,954 8,859 120,102 176N84 128.961 li Swansea Foodbank For the year ended 31st May 2025 Notes to the Financial Ststements {contlnuedl 7. FOOD STOCK Food stock held at the year end had a value of £23,339. This includes food that was donated during the year end to 31st May 2025 that had not yet been distributed. Stock Reconclllatlon Openlng Stock as at 1st July 2024 Food Purchased Food Donated Out of Date/Damaged Stock Stock Issued Closing Stock as at 31st May 2025 3,729 68,936 179,696 209 228,813 23,339 8. DEBTORS & PREPAYMENTS 2025 2024 9. CREDITORS & ACCRUALS 2025 2024 Accruals Other Creditors 500 1,424 500 1,924 500 10. FUNDS 2025 2024 Restrirted Funds Unrestricted Funds 13,080 188.645 47,564 89.409 201,725 136,973 12 Swansea Foodbank For the year ended 31st May 2025 Notes to the Flnandal Statemerrts {continued) 11. SOURCES & APPUCATIONS OF RESTRICTED FUNDS DURING THE YEAR Source ot Funds Openin8 Balance 3,921.00 Recefved Spent Balance Digital Inclusion Grant Financial Inclusion Grant Period Poverty Grant CAB Supervision POBL Grant Relocation Grant Fresh Fruit & Vegetables Training Toiletries Carrier Bag5 Food Grants 3,921.00 45.000.CKJ 1,997.67 45.000.00 1,997.67 637.55 637.55 534.82 950.00 2,750.00 7,250.00 377.00 5,000.00 I,oco.00 13,550.00 415.18 729.86 7,250.00 2,020.14 377.00 4,150.19 849.81 1,000.00 51,832.65 43,642.61 5.359.96 47,563.61 78,512.22 112,996.17 13,079.66 Swansea Foodbank Forthe year ended 3tst May 2025 Appendix: Ust of Donors Financlal Donatlons: Trusts and Public Bodies Trussell Trust.. The Trustees would like to place on record their profound gratitude to the Trussell Trust for their invaluable financial grant SUPPOrt during the year. City & County of Swansea.. The Trustees would like to place on record their profound gratitude to the City & County of Swansea for their invaluable financial grant support (Juring the year. UK Government, Levelling Up (via Swansea Council for Voluntary Service) - Shared Prosperity Fund Pobl Trust Oakdale Trust Monmouthshire Building Soclety Charitable Foundation Arnold Clark Community Foundation TK Maxx Foundation Yorkshire Buildtng Society Foundation Corporate Donors ABP Swansea Docks Andrew Scott Ltd Arvato Connert Azet5 8arratt Home5- Penllergaer Bellway Homes- Parc Mawr confused.com CRM Students (Crown Place, Seren and Boutique) Cyden Ltd ERS Insurance Farm Foods Fforest Timber Engineerin8 Glanmor Chartered Sutveyors Gower Chemicals John Lewis Knights Brown- Mumbles Sea Wall Loftco Ltd Albert Hall Lotto Abertawe Lyte LaddersThowers Morfa Shopping Retail- Realty Income Corp Morgan Advanced Materials National Grid Nationwide Building Society Next Primark Principality Building Society South Wales Transport Titan Investors (West Swanseal V4 Vendin Wagamama 14 Swansea Foodbank Forthe year ended 31st May 2025 Appendix: List of Donors {continued) Food and Product Donations AAH Pharmaceuticals BTIEE Capita C8redig Castell Construction CEF Ele¢tric81 Faciors Coppergate Mezzino Sludent Living DPO DVL4 Earth Breeze ERIKS Industrial Services Limited FEI Foods Fresh Property Group Ioldway House and Ty Nantl HM Land Registry IWG Regus- Princess House LCP (Parc Fforesttachl Kier Melt Morganstone Quartzelec R&M Williams- Pa18ce The8tre Royal Mail Swansea Spa Medi¢8 Student Roose- GreyStar- St davids TCH Group Telesgop Tramshed Tech IP8iace The81rel Trojan Electronics Uber UPS Swar*sea 15