Re(FiStration number fi'1638387 Chariti. number NIC107714 Foyle Foodbank Limited (Company limited by guarantee) Directors. report and financial sratements for the year ended 31 December 7022
FoN"le Foodbank Liniited (¥uarantee Comp2n).' limited b). . Contents Page Company Inforniation Directors, Report Independeni Examinevs Report Statement of Financial Activities Balance Slieet Notes to the FinanciaI Ststements 10-17
Foj'le Foodballk Limited Cotnpan). limited bj suarantee CompanTr inforniation Directors Deirdre McDaid Gerald kelli. Damieii h4cAdanis Teresa McCloskeN' John McGowan .4lan Rodden Desmond Reid Alison Wallace Secretary karen Mullan (appointed 6 h(ay ?0??) Company number T16J8J87 Cbarlty number: NIC107714 Registered office Apex Living Centre SpringtOV*m Road De BT48 OLY -4ccountants McGroaty Mccafferty & Company Ltd AccounLqnts & Tax Consultants ? Carlisle Terrace Derry BT48 6JX Bankers Danske Bank Branch Business P.0. Box 18) Donegall Square West Belfast BTI 6JS Nationwide Buildino Societj, Kinos Park Road N'.orthampton Solicitors Babington Solicitors 9 Limavady Road Londonderry BT47 6JU Page I
Foi"le Foodballk Limited Compan)." limited bi. tru2rantee Directors, report for the )'ear ended 31 December ?0?2 Tlie directors preseiit their report and die audited financial statements for tlie )'ear ended i l Deceinber ?0?? Objectii'es and aetivities T]ie priinaryp objective of rlie Foyle Foodbank is the prevention or relief of food proverty iii Tlie Foyle coiistituenc)> and sUoUnd]ng areas in particular by providincv einer£eiicy food supplies to individuals in need andlor cliarities. or other or<Fanisations working to prevent or relieve poiierN. How the charity activities deliver public benefit Ob'ectives The board of directors have weed 6 broad objectives for the incoming period: l . Governance. Consolidate staff and service gro. Refine board operations aiid eXpId opportunities for tliose with lived experience and specific skills to play an active role within tlie organisation. Strategic Development. Foyle Foodbank will continue to work with Tlie Trussell Trust aiid otliers to deliver on our Strategic Business Plan and Pathfinder Priority Aims document Partner Aoencies. Acquisition and distrTbution of food remain principal priorities for Foyle Foodbank, and Erusted partner aoencies are the primary vehicle for food distribution and accomplisliing il)e aim of working to end poverty in the Foyle constituency and surrounding areas. Building on tliose relationships with trusted partners is Ley to the Foodbanks success. 4. Public Policy. As an additional approach to addressing the stated mission of 'responding to hunger and food povety in the Foyle constituency and surrounding areas so that individuals and families in crisis do not experience hunuer,, the Foyle Foodbank will increase its efforts to influence local and regional policy using data gathered to lobby those in positions of power. 5. Outreach throu(yhout the Foyle consiituency and Suouding areas. Tlie Foyle Foodbank i¥ill focus on increasing its presence &id public alarenesS throughout the community. This focus is intended to inform tlie wider community of our support services and reach those most in need or crisis. To enhance fuiid raising. food-raising, volunteer engatremenL as well as the public's understanding of how the Foyle FOOdb]k works, and how it works with partner aoencies. 6. Financial Resources and Food Supply. Incrvasing financial support through fundraising and securing grants is priorty to support tlie Fovle Foodbank's work. Given the continued increase in need for food and pressures on food supply, the charity continues to expand food donors and identify streams of finan¢ial resources including grant aid. Page 2
Foi'le Foodbank Liniited Compani" lilnited b!" ouar.qntee Director%, report for the ):ear ended 31 Deceniber ?0?? contiiiued Actiiiities. acliieijements and erfonnance Ii) tlie h4ielve iiiontlis FoN,le Foodbank distributed 7).98 tonnes of food ro 11.484 people. this iiicluded i. l i9 cliildreii ajid 6.)_5 adults, Partsierships continue to be built witli sronu coniniunity-based orgaiiisatioiis ro alleviate hunger and poverty aJnoDLY local people wlio are in crisis situations in tlie Foyle constituenc)i and SUOund1ng are& Uiider tlie grnits provided bji P&tlifinder projecr and other resources the Foodbank lias _grown and expanded it's stsff tearn and services tliey provide to Iliose iyho iieed the Foodbank support. At tlie foodbaiik a Iiub of services have been developed to deal with rhe reason the person is artendin£ tlie foodbank and lielp address it. This És done in partnersliip with a ranoe of organisations. The Foyle Foodbank" is located at purpose designed premises in the Apex Livino Centre and has created a iiiarni, welcomin(r environment for clients with a large food warehouse. chllled food store. cafe arei and offices. Tlie centre also has a dernonslration kitchen that is beino used for health)i and low-¢ost cookery classes benefitting people using the Foodbank. The Poyle Foodbank's reputation and partnerships continue to secure donations from across the city. In ?02? our team of arouijd 40 volunteers worked a total of l i.J_i volunteer liours. added to by tlie support of a number of business orrranisations that our volunteers, commitment and hard work enable the Foodbank to operate at maximum capacity to support all those in need. We are hugely indebted to diein. Financial review Princi al Fundin Source The Gharity has relied principally upon donations in the year. Foyle Foodbank's reputation and partnerships secured donations from across the Foyle are& In die past year local businesses and individuals have been extremely generous in their monetary donations to the Foyle Foodbank. Financial erfonnance The charity has trenerated a SUluS of unrestricted fvnds of £94,104 for the year ended 31 Deceinber ?022 {2021 £85,j?l ) and on restricted ndS a surplus of £4,?81 for the year ended J l December ?0?? (2021 surplus - £6,968). The reserves at the end of the year are £400,196 to the 31 December ?0?? (2021 £301,811). Income and expenditure is expected to vary from year to year depending on funding received and actiiiities organised as a consequence. The directors previously agreed that a designated fvnd should be set up to ensure that the equivalent of 3 years, operating costs are covered in the event of the withdrawal or a r[ p in fundino The directots review this annually and are satisfied that the balance of £120,000 is adquate at 31 DecembeT ?022. InvestEnent olicv Aside from retaining a prudent amount of reserves the chartty's fid$ are held to be spent tn the short tern]. Page 3
Foyle Foodbank Limited Company limited b)" •yu2rantee Direetors, report for the vear ellded 31 December ?0?? continued Reserves olicv Tlie direciors have examined the chariry's requirements for resernies in lioht of the Inain risks to the orqanisation. Foyle Foodbaiik Miill continue to build sufficieiit reseThies that iiiill alloiv for continued operarion for three years. Expenditure for The Foodbank is modest and will remain so. An> requirenieiit for major expenditure is brouttlit before the directors for approval. Structurei governance and manaoement Tlie company TS governed and Mantted by the board of directors. The directors wlio seived the coinpany during the financial period are shown on page l. The board meet on a bimonthly basis and fonnal minute5 are tak'en. The directors alongside the Strategic Development Manager are responsible for the strategic direction of the Foyle Foodbank. The Strate(TjC Development Manager is responsible for the overall running and management of all activities, staff and volunteers at the Foodbank. Reports are presented at board meetings. Recruikneiit and a ointment of management c mittee The directors are also charity trustees for the purposes of Charity La,, Under the requirements of the Memorandum and Articles of Association directors are elected at an Annual General N4eeting froin amongst ihose persons nominated by the Ordinary Members. The directors have the poiver at any tiine to appoint any persoii 10 be a director. either to fill a casual vacancy or 8s an addition to the existing directors. Any director so appointed serves only until the next Annual General Meeting at which directors are to be elected and are then eligible for re-eleciion. A reiiring director is eligible for re-election. Directors Responsibilities In Relation To The FinalleiaE Statements Company law requires the directors to prepare financial STatements for each fIn]cial year which crive a true and fair view of the state of the affairs of the charitable company and of the profit or loss of the chaTiry company for that year. In preparing these the directors are required to: select suitable accounting policies and apply them consistently. - make judcrements and estimates that are reasonable and prudent observe methods and principles in the charities SORP 2019 (FRS 102): stste whether applicable UK Accounting Standards have been followed. subject to anv material departures disclosed and explained in the financial statetnents: prepare the financial statements on the going concern b&sis unless it is inappropriate to presume that the company will continue in business. The direetors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act ?006. They are also responsible for safecruarding the assets of the company and hence for t2king reasonable steps for the prevention and detection of fraud and other iegUlar1ties. Page 4
Fovle Foodbank Limited ¢%uar2ntee Compall), limited bj . Directors, report for the i'ear ended 31 December ?022 Collriiiued Tlie report is prepared iii accordance with the special provisions of Part li ot the Coinpanies Act ?006 relatino to sinall compaiiies and in accordance lIth SORP ?019 (FRSI O?). Independent Examiner A resolutioii will be proposed at the Annual General Meeting that McGroarts1 Mccafferty & Company Ltd be reappointed as independent eKamiiJets for ilie ensuing year. Tlie financial statements were approved and authorised for issue by the board oil l ? May ?0?3 and signed on its behalf by. Irector Director Page i
Foi'le Foodbank Limited CompaD)' limited by guarantee Independent eiaminer's report on the unaudited fInaneial statemellts to the dire¢iors of Fo)'le Foodbank Limited Ile repoit on tlie account> of the conipaiiy for The year ended J l December 10 17. 11:Iiicli are set out 011 paoes 7 Respective responsÉbilities of charity, directors and examiner, .4s tlie charity direciors you are responsible for the preparation of the acwunts in accordance witli the requirements of the Companies Act ?006. Havints satisfied ourseliies thai the charity is not subject to audit under company law. and is elioible for independent examination. it is our responsibility to: examine the accounts under section 6i of rhe Charities Act ?008: follow the procedures laid down in the general directions oiven by ihe Charity Conimission for Northen) Ireland under section 6i(9)(b) of the Charities Act ?OOS. - state whetlier particular matters hav¢ come to our attention. Basis of independent examiner's report Ile have examined your cliarity accounts as Tequired under section 6) of the Charities Act 2nd our examination was carried out in accordance with the general direciions giiien by the Charity Commission for Northern Ireland under Section 6i(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records, It also included & consideydtion of any unusual items or disclosures in the accounts. and seeking explanations from you as charity directors concerning any such matters. Our role is to stste whether an! materia] matters have come to OUT attention givinu us cause to believe: - that accounting records were noi kept in aordanCe with section 386 of the Companies Act ?006; - that the accounts do not accord with those accountftng records: that the accounts do not Comply with the accounting requirements of the Section J96 of the Companies Act 2006 and the methods and principles of the Charities Statement of Recommeiided Practice applicable to charities preparino their accounts in accordance '1th the Financial Reporting st]dard applicable in tl)e Ulc and Republic of Ireland. - that there is fjjrther information needed for proper understanding. Independent examiner's ststement We can coiifirm we are qualified to undertak.e the examination and are regulated and a member of Chartered Accountants Ireland, which is one of the listed bodies. We haiie completed our examination and have no concerns in respect of the matters listed above and, in connection with the fo51owing directions of the Charity Commission for Northern Ireland. we have found no matters that require drawing to your attention. cGroa eca Aecountallts & Tax Collsu 2 Carlisle Terrace BT48 6JX Date: 12 Ivlay 2023 tallts Page 6
Foyle Foodbank Limited Conipanv limited b)F (¥uai?ntee Statement of Financial .4ctii"ities for the year ended 31 December ?0?? Total Funds 2022 Total Funds ?o?I Unrestrieted Restrieted Designated Funds Funds Funds Ineome 2nd Expenditure IncominG Resources Voluntary Income Other Income 160.Ji4 64 il.149 ?11.iOi ?64 160.068 Total Incomina Resources 160,618 il,149 711.767 160.?OJ Res0rceS EkpeDded Direct Charitable Expenditure 66.514 46.868 I l3,J82 67.711 Total Resources Expended 66.i14 46,868 113,38? 67,714 Net Incoming l (Outooing) Resources 12 94,104 4,281 98,38) 9?,489 Balances brought forward l January ?022 171,i90 10.4?1 120,000 )01,811 26i.494 14.702 i?o.ooo 400,196 301,81 Transfer of ndS (9,30)) Balances carried fonvard i l December ?0?? ?74,799 120.000 400,196 301,81 I The above amounts relate to continuino operaiions of the charitv. The charity has no recognised gains and losses other than those included in the results above and therefore no separate statement of totsl reCOlSed gains and losses has been presented. There is no difference between the net incoming resources for the year stated above and their historical cost equivalents. Page 7
Fo)'le Foodbank Liniited Compan). limited bip tsuarantee Balanee Sheet as at 31 December ?0?2 0?2 ?021 'otes Fixed assets Taii(rible assets Current assets Cash at bank and in hand 9.879 6.64) 4i4.377 434,)77 Credfitors: amounts f211illg due wfith£D one year 10 (44,060) (47.186) Net current assets 390,i17 ?9),166 Total assets less current liabilities 400,196 JOI,811 Net assets 400.196 JOI.SII Funds Restricted Unrestricted Designated 11 10,4?1 71,J90 i ?0.000 ?74.799 i?o,000 13 400,196 JOI,gi I TkLe llotes on paues 10 to 17 form integrnl part of these financial statements. Page 8
Foyle Foodbank Limited Company limited by 47uaralltee Balance sheet (colltillued) Iii approvinu these finaiicial statements as directors of tlie compan)I V¥e hei'ebv 011fini7". The company Il'as entiiled to eieniption from audit under s477 of the Companies Act ?006 relating to small companies. Tlie members have not required Ehe company to obtsin an audit in accordance with section 476 of the Companies Act ?006. The directors acknowledge their responsibilities for complying M'ith The requirements of tlie Companies Act ?006 witli respect to accounting records and preparaiion of accounts. These accounts have been prepared in accordance with the provisions applicable to small companies subject to tlie small companies regime and in accordance with SORP ?019 (FRSI O?). The fin&ncial statements were approved and authori5ed for issue by the board on l ? May tiO?3 and signed on its behalf by; Irector Director Date: 12 May 2023 Date: 12 May ?023 Registration No: N1638387
Fo)'le Foodbank Limited Compall), limited bv ouarantee Notes to the finallcial statexllents for the year eDded 31 December ?022 General inforniation Tlie charitj. is a privare liniired coinpanv bv ouaranree. ". egisrtred in Nlorrhern Ireland. The address ot Ilie reoistered office is Apex Living Ceiitre. SprEnut0M Road. Derry,. BT48 OLY. -4ceountino convention The principal accountinLT po17cies adopted in the preparation of the financial sratements are set out below and have reniained unchanoed from the previous year. and also have been eonsisieiitlsl applied within the same accounts. The charity consEirntes a public benefit entity as defed by FRSI O? The financial statements have been prepared in accordance with Accountino and Reportino by Charities: Statement of Recommended Practice applicable to charÉties preparino their accouiits in accordance lIth Ihe Financial Reporting Staiidard applicable iii the lik and Republic of Ireland Charities SORP 7019 (FRS 10?) and the Companies Act ?006. Tl)e financial statements are prepared on a going concern basis under the historical cost convention modified to include the cerrain items * fair value. The financial siatements are presented in sterling which is the nCtIOnal currency of the charity. The directors consider that there are no material uncertainties about Ihe charit) s ability to continue &s a going concern. The charity has takeii advantaoe of the exemption in FRS I O? from the requireinent to produce a cash flow statenient as the company qualifies as a small company. Incomints resources All incomino resources are included in the statement of fanCIal activities when tlje charity is entitled to the income and the amount can be quantlfied with reasonable accuracy. The following specÈfic policies are applied to particular categories of income: .Voluntary income is received by way of ts. donaEions and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific perfom]an¢e by the charity are recognised wlien the charity becomes unconditionally entitled to the granL Donated services and facilities are included at the value to the charity where this can be quantified. The value of the services provided by the volunteers has not been included. Gifts donated for resale are included as incoming Te50urces widiin the activities for generating funds when they are sold. Grants, includino orants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable. Income from investments is included in the year in which it is receivable. Page 10
Fo)'le Foodbank Limited Company limited b)." (yuarantee Notes to the financial statement> for the )'ear ended 31 December 7022 continued 1.3. Resources eipeDded Elpendirui-e is recotrJiised on an accrual bails ag a liability is iniurred. Eipeiiditure includes anv V.4T 4yhicli cannot be lIV recovered. and is reported as part of tlie eipeiiditure to ,hiC17 it relates. Costs of ueneratinq fvnds comprise the costs associated ivith attractincT iioluntary income and rlie costs of ll'adino for ndraEsincI ty purpose>. Charitable ekpenditure eoinprises rhose costs incurred by the charits, in Ilie del jiiery of its a¢tiNiities and services for its beneficiaries. It includes both costs tliat can be allocaied diiecily to sucli aciivities and those costs of an indirect nature necessary to support them. 1.4. Grants Revenue grants are credited io income on the earlier date of when they are received OT when they are receivable, unless they relate to a specific future period. in which case they are deferred. Grants for The purpose of capitsl expenditure are credited to restricted income when receivable, transferred to restricted funds on the purchase of the asset and then released to unrestricEed funds over the related assees useful lives, 1.5 Tangible red assets aDd depreciation Tanoible fixed assets are stated at cost less depreciation. Depreciation is provided at razes calculated to write off the cosr less residual value of eacli asset over its expected use1 life, as folloME: Fiktures, fitting5 and equipment 200/0 Straight Line Page 11
Fo)'le Foodbank LiEnited Compan). limited b)T Guarantee Notes to tbe financial sfatements for the year ended 31 December ?0?? . continued Unrestricred Restricted Ineotne Income ?0?? ?0?2 Total Funds ?02? Total Funds ?021 IntomÉn(T Resourees Incomino resourees from ch2riEable aetiitities Trussel Trust Money Savinu Expert - Martin Lewis De1 CityT and Strabane District Council Asda Salary, Grant Co-operation Ireland Trussel Trust - Pathfinder fund 11,410 11,410 10,4?0 3.669 )9,739 39.739 il.149 il,149 ii.290 Volllnta Ineome Donations Tru>sell Trust - Grant Liohibody Foundation Foj'le Search & Rescue 13?,96? 3.369 ?0,000 104.778 ?0,000 4.0?3 Total 160,354 51,149 211,503 160,068 (i) Restricted Funds Funds received which are earmarked by the Funder for specific PUTposes. Such purpose5 are within the overall aims of the or¢7anisation. (li) Ullrestritted Funds Funds wlii¢h are ekpendable at the discretion of the company in rtheraft¢e of the aims of tlie charity. In addition fund5 may be Iield in order to finance capital investment and working capital. Other Income Unrestricted Restrieted 20?2 2022 Total 2022 Totsl 2021 Deposit Interest ?64 264 13) Page 12
Fo)'le Foodbank Limited Companv limited b!- 45u2rantee L Totes to the financial statements for the vear ended 31 Deeember ?072 contiiiued Resources Expended illrestricted Fuuds Restricted Funds Total ?0?2 Total 7021 Direct CharitabIe EipendÈture Staff costs Food purchases Baby Bank Expenses Pathfinder Expenses PPE Expenses Resources & materials Delivery costs Supporr costs Governance costs 18.98) i6.657 19.)13 6.989 6.8iO ?9.886 ?4.894 6.989 731 1,070 18.)27 1.070 1,695 9,00) 1,200 .)66 66,)14 46.868 113.JS? 67,714 Supporr Costs Governance Costs Total TotaE 2021 Support &. Governance eosts Insurance Stationery & POSKoe Telephone & internet Computer costs Volunteer expenses Repairi & cleanints costs Accountancy fees Traininu Event costs Membership costs Bank" fees General expenses Depreciation 1,170 1.170 4,301 945 1.293 1.04? 2.147 838 690 ?,86? 6il 40 147 40 2,566 119 149 119 149 3,)4? 3,iOO 20,893 1.200 10,20i Page 13
Foi'le Foodbank Limited ouarnntee Compan)." limited b)" . i otes to the financial statements for tbe }'ear ended 31 Deeember ?0?? coiitiiiued 'et Surplus 20?? ?o?I Net Surplus is stated after cl)ar(TÈng: Depreciation and other amounts ivritten off tanoible assets i.iOO ?.j67 Emplo)rees 202? ?o?I w0eS &. Salaries Staff pension contributions 18,448 4.142 i6,6)7 29.886 Number of employees The average monthly numbers of employees during the year. calculated on Ehe basis of full tinie equivalents, was as follows: 2022 Tumber 2021 Number Average number of employees Taxation As a chariry, Foyle Foodbank. Limited is exempt from on income and gains fallin(T within section i05 of the Tax'es Act 1988 or s?56 of the Taxation of Chargeable Gains Act 199? to the exient that these are applied to its charcyeable objects. .4ccordingly, no tax ¢bgeS have arisen in the charity. Page 14
Fol'le Foodbank LiEnited Compani. limited b1- 47uarantee Yores to rhe financial stareLnents for the N'ear ended il Deceniber 10?? LonLiiiued Fiitui"es, rittinus and equipment Tanoible filed assets Total Cost At l January ?0?? Additioiis At ) l December ?0?? 19.)67 19.)67 Depreciatlon Ar l Jaiiuary ?0?? Charoe for Ehe year 6.188 6,188 .4t I l December ?0?? 9.688 9.688 Net booki'alues At 31 Decernber 102? 9,879 9,879 At 31 December ?O?I 6,64i Bank aDd cash Danske Bank Curreni Account Danske Bank Deposit Account Nationwide Deposit Account ?8J.66j 190,96) 80,179 80,000 4)4.377 J4?.J5? 10. Creditors: amounts f211ing due thill one year 2022 2021 Other taxes and soci&l security costs Oiher creditors & deferred incoffle ApKruals 9.6)7 39.i40 291 4),434 1,441 44.060 47.186 Page 15
Foyle Foodbank Limited Compan). limited bTr' guarnntee i otes to the financial statements for the Year ended 31 December ?0?2 . continued 11. .4nals'sis of net assets behi'een funds Unrestrieted Restricted Desionated funds funds funds Total funds Fund bal]CeS at J l December ?0?? as represented by: Tanoible fLxed assers Current assets Current liabilities 4.48? i.397 ?74.8)7 i9.i40 (4.j?O) ()9.i40) 9.879 I ?0.000 4J4,J77 (44.060) 174.799 i ?0,000 400.196 12. Movements in Funds At l JaDuary Incoming Outgoing 20?2 resources resources At 31 December 2022 Transfer Restricted funds: Restr5Cted fvnds 10.421 51,149 (46.868) (9.30)) i,397 Unrestricted funds: General Funds 171,390 160,618 (66.514) 274,799 Total unrestricted funds 171,)90 160.618 (66,i14) 9.30) 274,799 Designated funds i?o,000 i ?0,000 )01,811 211,167 (113.38? 400,196 13. DesicFnRted Funds The desi.rynated fvnd includes £120,000, this has been set up to ensure that there is &d4uate fvnds to cover three yearb operating costs of Ihe company in the event there is a withdrawal or gap in fundino in the fvture. 14. Related party transactions There were no related parry transactions in Ihe period under review. Page 16
Fo)'le Foodbank Litnited CoEllP2n)" limited bi. ouarantee P*'Otes to the fiuancial st2tementS foi. the Year ended 31 December ?0?? continued Contrc•IEkn(F interest Controllino interesT of the charÈtable company lies with board of directors. 16. Company limited by ryuarantee Foyle Foodbank- Limited is a company limited bv ouarantee and not Iiaving a share capital. Tlie compan), is iiicorporated in Northern Ireland. The reuisrered olTi¢e is Apex Living Cenrre. Springtown Road, Deny, BT48 OLY. 17. Post Balance Sheet events No significani events have tak.en place since the year ended ) l December ?0?? tliat would result in adjusknents to financial inforniation or inclusion of a note thereto. Page 17