2026-03-31-accounts

Charity registration number SC041954 (Scotland)

DUNDEE AND ANGUS FOODBANK

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

DUNDEE AND ANGUS FOODBANK

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Derek Marshall Jeni Graham Norman Brown Ken Linton Charity number (Scotland) SC041954 Principal address 116 Albert Street Dundee DD4 6QN Registered office The Factory Skatepark 15 Balunie Drive Dundee DD4 8PS Independent examiner Lesley Campbell, CA Findlays Audit Limited 11 Dudhope Terrace Dundee DD3 6TS

DUNDEE AND ANGUS FOODBANK

CONTENTS

	Page
Trustees' report	1 - 8
Independent examiner's report	9
Statement of financial activities	10 - 11
Balance sheet	12
Notes to the financial statements	13 - 26

DUNDEE AND ANGUS FOODBANK

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2026

The Trustees present their annual report and financial statements for the year ended 31 March 2026.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's constitution, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

OBJECTIVES & ACTIVITIES

The duties of Dundee and Angus Foodbank are carried out within Dundee and the surrounding areas promoting a Christian ethos, supporting values and principles which promote social inclusion and anti-discriminatory practices.

The objectives as stated in the constitution are:

• the prevention or relief of poverty in Dundee and surrounding areas in particular but not exclusively, by providing emergency food supplied to individuals in need and/or charities, or other organisations working to prevent or relieve poverty

• to provide services to people who have need of them by reason of their age, ill-health, disability, financial hardship or other disadvantage by signposting them to additional support services

• the advancement of the Christian religion in accordance with the organisation's statement of faith from time to time

The above objectives and activities are significantly dependent upon the use and support of our many volunteers along with a wide range of agencies who now co-locate within the Foodbank to deliver a range of support services ran under our Pathfinders program which seeks to deal with the underlying root issues driving people to the Foodbank, see appendix for overview of Pathfinder work over the last reporting year.

The Pathfinder program is monitored and reported on through daily, monthly and quarterly reports which are prepared by all of the agencies whom we are working with to ensure that our strategies are being met and delivered through the program including statistical reporting and signposting along with case studies. Measures of success would include the reduction in numbers of people accessing the Foodbank for emergency food provision and the financial gains received by our clients along with other measurable targets through the support provided by our partner agencies.

• 1 -

DUNDEE AND ANGUS FOODBANK TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 w•r• a8818t•d wlth... INCOME MAXIMISATION Beneli18 or IrKome-felaied advice? Carrying a benefit reviwiehttek? A new beneh't clalm or ranl a 1lcalion.or otherflnancial aln Nool clglms A new ben8lil claim 10 Ihe DWP ieuc 25 A new benelli clalm lo SSS? Ile. SCPI? 24 A cilslsor communl C8re rbni a .ioSWF? 18 other financial ain? 12 TorBlesllmatedlncomem8xlmlsatlon galn8." 237 55 Toi&lesfim8ted 8lns NO. represenied Alns E 125 (K)6.24 £113270. £7731 60 gl l 609.38 £257 617.82 25 24 18 J2 X9 A debl-related Issue7 Toial e811m8ie¢J debl man8oe(I rolal esllmaled debtwrltlen olf £98 342.00 19 Ener advice7 Referral io an Ener 320 91 Nore Advlce or anlsaiion? Total value E8 142.00 resenied J52 Referral lor a lyel vouchor7 Fuel debi? Total esiim8ied fuel dobl mana ed T￿Ales11m5iad1￿81é0b[wr1r{en ol Toi81 osllmalod onor Ins TOTAL ESIIMAIED I INANCIAL GAlhlS £844764 E741300 t15 555.C £273 1 T2.82 22 157 236 MOU8Na Aten8n A newhou gVSl8lnmeni or hcpU8in Ic811on -relate¢ issue? 285 18 HEALTH A subgian¢e use-relaiea Issue? A phys4cBI l)eallh concein? A menial health Concern? Bere8vemeni suppon? A referral io an aééition81 healihcare 247 107 19 71 rovlder? ANY OTHER ISSUES: Adbreci referral10 Ihe foodbsnk? meni ad¥Ace? Incl_cvs. eli Immi ration advice? TechndLS3yor trÈnsport aeee88189uès18Sme8rds, bu$p8sses etc.)? An other related issues? 24 40 io 22 62 eic.

DUNDEE AND ANGUS FOODBANK TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Peop￿ 88818ted ty Pathflnd8r{tylssue) NUm￿r of8088lon8 per partror lx9￿1$)(I anisallon CAB 481 Na S88810 88 46 24 73 103 77 12 Cilizens Advlce Bureau Dundee DCC Housln O lions Enable Health Inclusion Nursln Positive Sie SCARF Social Securi Scotland Transform Commun Develo HSllcresl Trlal startin Nov25 Team ment 12

DUNDEE AND ANGUS FOODBANK TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 No. Engagements- peragoncy io) LIL .￿L￿nI¥ Communi CaléAllendance ear lo dale 8626 Numb9r ol 90 le19dA r25- Mar26 enln Balance stock- 0110412025 stock in Stock oul Closin 8alance Stock - 3110312026 stock Purchased A r25 - Mar 28 136415 17 117.34k L09 157.Z8k l17248.61k 902601k 28 111.12k Sale uardin issues ear io date Compar180n kn FoOdb￿k U8e Ipoopl• led) agaln8tothor8¢0tt18h Foodbank• (Tru88011) J8n-23 Second Jan-24 Second Jan-25 Secon Jan 26 Second Feb-23 Second Feb-24 Third Feb-25 Third Feb 26 Second Mar-23 Second Mar-24 Second Mar-25 Second Mar 28 Second Second Second Fourth Second Second Third Thlrd Third Secon Thlrd Third Second Third Second Second Second Second Second Second Second Second Thlrd Third Second Thlrd Fourth Third Ma -23 Jun-23 Jul-23 Au -23 Se t-23 Oct-23 Nov-23 Dec-23 Ma -24 Jun-24 Jul-24 Au -24 Se t-24 Oct-24 Nov-24 Dec-24 Ma -25 Jun-25 Jul-25 Au -25 Se 1-25 Oct-25 Nov-25 Dec-25 May 26 Jun 26 Jul 28 Au 26 Se 26 Oct 26 Nov 28 Dec 28

DUNDEE AND ANGUS FOODBANK TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Dundee & Angus Foodbank Use- People & Parcels rr• io) ry f&yvary kno

DUNDEE AND ANGUS FOODBANK

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

A Selection of Case Studies

1. Client required benefit advice, client has had to leave work after developing neurological conditions. Client was advised she could be eligible to Employment Support Allowance as she has been working and paying regular national insurance contributions, and Adult Disability Payment. Client awarded high rate ADP daily living (£110.40 p/ w) standard mobility (£29.20 p/w). Once clients Statutory Sick Pay ended, ESA was awarded immediately at the standard rate. Supported client to completed medical assessment for ESA, award was then uprated to high level support group (£140.55 p/w), being in this group then provided entitlement of Universal Credit (£131.08 p/w). Client benefit entitlement was close to what she was receiving previously whilst able to work. Client relieved with the outcome.

2. I had been notified by another partner service that a male of 30 years of age was in need of addiction support due to issues with crack cocaine the last 9 months. I had spoken to him and his partner on the phone initially and organised for them to come into the foodbank on the Friday I was present. The male had been out of work for a while and currently had no income or a fixed abode, residing at his Grandads house. When the couple arrived I showed them the café explaining the services available and food and drinks available Wed-Friday. After he was able to have some food we went into one of the private rooms available and discussed support on offer. I managed to start up a UC claim as well as organising a future appointment with partner agency “We are with you” at the Hub located close to the Community café. The male has also started volunteering at Fareshare which is part of Transform and is currently stable with his substance use

3. A gentleman who I had previously engaged with last year had approached me at the Foodbank Cafe. This gentleman had previously been attending the Care & Treatment Service after he asked me to look at a wound he had to his left shoulder. He had stopped attending the service in June and stated he has an operation at Ninewells in two weeks time. He stated he was dressing his wound himself. I went over the potential risks of infection and the importance of specialist wound care. During our discussion he refused for me to book him an appointment with the Care & Treatment service or with his GP. Once I was back at the office he phoned to ask me to book him an appointment. He was booked in for wound care at 1140am the following day. He attended and has now had surgery to a cancerous lesion.

4. Client met advisors at food bank and expressed concern that she had moved into her property last October and thought her son had set up her energy account. She realised recently that her son had failed to do this, and she was now worried about going off supply/building up debt.

I visited the client the following week and discussed the situation with her. We established British Gas were the existing supplier. I contacted British Gas for the client and explained her situation; we quickly established that the account did not exist and so we set one up. I submitted meter readings to British Gas that the client had recorded when she moved in.

We discussed tariff options, and I explained that the fixed rate tariff may be best for her situation as she felt the price they were suggested was affordable and she was worried about it increasing. I also advised of methods of payment. The client agreed to a direct debit on fixed tariff, and I helped her set this up.

Confirmation of this was sent to the client prior to me leaving the visit. The client was very glad of the support and felt at ease knowing she was no longer getting behind on her bills and had an affordable payment going forward.

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DUNDEE AND ANGUS FOODBANK

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

ACHIEVEMENTS & PERFORMANCE

The past year has again been a busy one for Dundee and Angus Foodbank, both day to day and at board level. From April 2025 - March 2026 there was a 4% decrease in the number of individuals receiving food compared to the previous year with a total of 13,645 people fed which is split between 9647 adults and 3998 children over both Dundee and Angus areas which worked out at 7,061 parcels provided to people in need during the year. During the past year we have continued operating 3 distribution centres, 1 in Dundee and 2 in Angus, in Arbroath but with the closure of Forfar distribution centre at the end of Oct 2025 this brings us down to 1 distribution centre in Angus from which people can collect their food, with the vast majority, 90% coming from our Dundee centre located at the former St. John’s Episcopal Church in the Stobswell area of the city.

Ken Linton, our manager appointed in September 2016, continues the great work of managing and promoting the work of Dundee and Angus Foodbank. Our new community hub and community café opened in July 2023 and houses the Pathfinder Program. During the year we worked with 80 volunteers and had 317 referral agencies around the city and the county of which 193 made referrals during the year. Donations of food during the year amounted to an incredible 109 tonnes (including 28 tonnes purchased). The most significant changes during the past year has been the expansion of the Pathfinder Program, which has meant an increase in staffing and funding and number of people coming through the facilities.

FINANCIAL REVIEW

At the year end the Charity held £875,597 (2025 restated - £714,361) in reserves, of which £22,827 (2025 restated - £53,695) is restricted for specific purposes only and £852,770 (2025 restated - £660,666) is unrestricted for use as - the Trustees see fit. Free reserves not invested in tangible fixed assets totalled £591,398 (2025 restated £499,491).

Going Concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in its operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Reserves Policy

The Trustees are aiming towards maintaining unrestricted reserves at a level that equates to at least twelve months of unrestricted expenditure. The Charity has unrestricted reserves which meet this reserves policy.

Principal Funding Sources

The principal funding sources of the charity are donations and grants from various sources including individuals, organisations, and trusts' who provide grants to the charity.

Plans for future periods

The charity has no plans to change anything during the upcoming year and everything will continue as present.

STRUCTURE, GOVERNANCE & MANAGEMENT

Dundee and Angus Foodbank is a registered Charity, number SC041954, and is governed by its constitution.

The Trustees who served during the year and up to the date of signature of the financial statements were:

Derek Marshall Jeni Graham Barbara McFarlane (Resigned 24 February 2026) Norman Brown Ken Linton

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DUNDEE AND ANGUS FOODBANK

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

Decision Making

The board of trustees are ultimately responsible for the governance of the charity including fiscal and strategic decision making with the day to day operations delegated to the staff team led by the Foodbank Manager. In the event of any disputes these would be managed firstly by the manager and if escalated by the Chair of the Board and ultimately by the full Board of Trustees who decision in all matters is final with no further courts of appeal. Methods of appointment or election of Trustees

Methods of appointment or election of Trustees

The minimum number of Trustees in the Board of Management is three and the maximum is nine. The power of appointing and removing Trustees rests with the Trustees.

At each AGM, the Trustees retire and are re-elected unless they or the Board of Trustees state otherwise.

The Trustees have considered a policy on induction and training prior to new Trustees being approached. This includes awareness of a Trustee's responsibilities, the governing document, administrative procedures, and the history and philosophical approach of the Charity.

A new Trustee receives copies of the previous year's financial statements, minutes of Trustee meetings and a copy of the OSCR leaflet "Guidance for Charity Trustees - acting with care and diligence" if appropriate.

The Trustees' report was approved by the Board of Trustees.

Derek Marshall

Trustee

1 June 2026

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DUNDEE AND ANGUS FOODBANK

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF DUNDEE AND ANGUS FOODBANK

I report on the financial statements of the Charity for the year ended 31 March 2026, which are set out on pages 10 to 26.

Respective responsibilities of Trustees and examiner

The Charity's Trustees are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The Charity Trustees consider that the audit requirement of Regulation 10(1)(a)-(c) of the Charities Accounts (Scotland) Regulations 2006 does not apply.

It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the financial statements.

Independent examiner's statement

In the course of my examination, no matter has come to my attention

1. which gives me reasonable cause to believe that in any material respect the requirements:

2. to keep accounting records in accordance with Section 44(1)(a) of the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 4 of the Charities Accounts (Scotland) Regulations 2006, and

3. to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the Charities Accounts (Scotland) Regulations 2006

4. have not been met, or

5. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Lesley Campbell, CA

Findlays Audit Limited 11 Dudhope Terrace Dundee DD3 6TS 1 June 2026

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DUNDEE AND ANGUS FOODBANK

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2026

Current financial year Unrestricted Unrestricted Restricted funds funds funds general Revaluation Reserve 2026 2026 2026 Notes £ £ £ Income from: Donations and legacies 3 340,095 - 70,000 Charitable activities 4 - - - Investments 5 12,715 - - Total income 352,810 - 70,000 Expenditure on: Charitable activities 6 275,632 - 100,868 Other expenditure 12 296 - - Total expenditure 275,928 - 100,868 Net income/(expenditure) 76,882 - (30,868) Transfers between funds 192 (192) - Other recognised gains and losses: Revaluation of tangible fixed assets 14 - 115,222 - Net movement in funds 9 77,074 115,030 (30,868) Reconciliation of funds: Fund balances at 1 April 2025 660,666 - 53,695 Fund balances at 31 March 2026 737,740 115,030 22,827	Total Total 2026 2025 £ £ as restated 410,095 462,567 - 411 12,715 25,739 422,810 488,717 376,500 469,826 296 1,700 376,796 471,526 46,014 17,191 - - 115,222 - 161,236 17,191 714,361 697,170 875,597 714,361	Total Total 2026 2025 £ £ as restated 410,095 462,567 - 411 12,715 25,739 422,810 488,717 376,500 469,826 296 1,700 376,796 471,526 46,014 17,191 - - 115,222 - 161,236 17,191 714,361 697,170 875,597 714,361
		488,717
		469,826 1,700
		471,526
		17,191 - -
		17,191 697,170
		714,361

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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DUNDEE AND ANGUS FOODBANK

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2026

Prior financial year		Unrestricted	Restricted	Total
		funds	funds
		2025	2025	2025
	Notes	£	£	£
		as restated	as restated	as restated
Income from:
Donations and legacies	3	370,717	91,850	462,567
Charitable activities	4	411	-	411
Investments	5	25,739	-	25,739
Total income		396,867	91,850	488,717
Expenditure on:
Charitable activities	6	375,831	93,995	469,826
Other expenditure	12	1,700	-	1,700
Total expenditure		377,531	93,995	471,526
Net income/(expenditure) and movement in funds		19,336	(2,145)	17,191
Reconciliation of funds:
Fund balances at 1 April 2024		641,330	55,840	697,170
Fund balances at 31 March 2025		660,666	53,695	714,361

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DUNDEE AND ANGUS FOODBANK

BALANCE SHEET

AS AT 31 MARCH 2026

Notes Fixed assets Tangible assets 15 Current assets Debtors 16 Cash at bank and in hand Creditors: amounts falling due within one year 17 Net current assets Total assets less current liabilities Income funds Restricted funds 19 Unrestricted funds- Revaluation reserve 21 Unrestricted funds - general	2026 £ 663 645,376 646,039 (31,814) 115,030	£ 261,372 614,225 875,597 22,827 115,030 737,740 875,597	2025 as restated £ 16,552 618,444 634,996 (81,810) -	£ 161,175 553,186
				714,361
				53,695 - 660,666
				714,361

The financial statements were approved by the Trustees on 1 June 2026

Derek Marshall Trustee

The notes set out on pages 13 - 26 form part of these financial statements

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DUNDEE AND ANGUS FOODBANK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

1 Accounting policies

Charity information

Dundee and Angus Foodbank (SC014954) is a Scottish charitable incorporated organisation. The address of the registered office is 15 Balunie Drive, Dundee, DD4 8PS.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's constitution, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Prior period error

The financial statements for YE25 have been restated to account for errors within restricted expenditure allocation. A detailed review of the impact of these changes can be found within note 24.

1.3 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.5 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

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DUNDEE AND ANGUS FOODBANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

1 Accounting policies

(Continued)

Where goods or services are provided to the charity as a donation that would normally be purchased from suppliers, this contribution is included in the financial statements at an estimate based on the value of the contribution to the charity.

Food donated is valued at an amount set by the trustees which was £1.74 per kg, a corresponding amount is then recognised as expenditure in the period of receipt.

1.6 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

1.7 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold buildings	50 years
Plant and equipment	25% RB
Computers	3 years
Motor vehicles	5 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other recognised gains and losses and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in net income/ (expenditure) or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and loss are recognised in net income/(expenditure) for the year.

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DUNDEE AND ANGUS FOODBANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

1 Accounting policies

(Continued)

1.8 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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DUNDEE AND ANGUS FOODBANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements:

Depreciation

Tangible fixed assets are depreciated over a period to reflect their estimated useful lives. The applicability of the assumed lives is reviewed annually, taking into account factors such as physical condition, maintenance and obsolescence.

Fixed assets are also assessed as to whether there are indictors of impairment. This assessment involves consideration of the economic viability of the purpose for which the asset is used.

Donated goods

The value of donated goods is now to be brought in to the statement of financial activities as donations received, this figure is calculated by using an average price per tonne of the food. The average price per tonne used is £1.75 per kilo. This is based on the actual cost of food purchased by the charity in the year.

This estimate is deemed reasonable and will be reviewed each year taking into account any external factors such as inflation.

Freehold Property

The property at 116 Albert Street, is held at fair value in accordance with FRS102.The valuations have been made by professional third party qualified valuers. The valuations are reviewed taking into account factors such as physical condition, maintenance, market conditions and obsolescence.

3 Income from donations and legacies

Unrestricted Restricted funds funds 2026 2026 £ £ Donations and gifts 191,595 - Grants 6,750 70,000 Donated goods and services 141,750 - 340,095 70,000	Restated Restated Total Unrestricted Restricted Total funds funds 2026 2025 2025 2025 £ £ £ £ 191,595 183,439 - 183,439 76,750 7,028 91,850 98,878 141,750 180,250 - 180,250 410,095 370,717 91,850 462,567	Restated Restated Total Unrestricted Restricted Total funds funds 2026 2025 2025 2025 £ £ £ £ 191,595 183,439 - 183,439 76,750 7,028 91,850 98,878 141,750 180,250 - 180,250 410,095 370,717 91,850 462,567
		462,567

• 16 -

DUNDEE AND ANGUS FOODBANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

3 Income from donations and legacies Unrestricted Restricted funds funds 2026 2026 £ £ Grants receivable for core activities Pathfinder - - Northwood Trust - 15,000 Trussell Trust 6,750 45,000 NHS Tayside Health - 10,000 6,750 70,000	Total Unrestricted Restricted Total funds funds 2026 2025 2025 2025 £ £ £ £ (Continued) - 6,278 66,850 73,128 15,000 - 20,000 20,000 51,750 750 5,000 5,750 10,000 - - - 76,750 7,028 91,850 98,878	Total Unrestricted Restricted Total funds funds 2026 2025 2025 2025 £ £ £ £ (Continued) - 6,278 66,850 73,128 15,000 - 20,000 20,000 51,750 750 5,000 5,750 10,000 - - - 76,750 7,028 91,850 98,878
		98,878

4 Income from charitable activities

		Unrestricted	Unrestricted
		funds	funds
		2026	2025
		£	£
	Charitable Activity
	Sale of goods	-	411
5	Income from investments
		Unrestricted	Unrestricted
		funds	funds
		2026	2025
		£	£
	Interest receivable	12,715	25,739

• 17 -

DUNDEE AND ANGUS FOODBANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

6 Charitable activities

Staff costs Depreciation and impairment Food and hygiene purchases Printing, postage and stationery Staff travel and subsistence Motor expenses Telephone and internet Distribution centres Professional fees Management fees Repairs and maintenance Insurance Payroll costs Computer costs General expenses Grant funding of activities (see note 7) Share of governance costs (see note 8) Analysis by fund Unrestricted funds - general Restricted funds	2026 £ 89,055 14,729 177,641 504 1,751 6,818 2,700 24,658 22,044 6,000 7,609 6,524 1,067 2,113 1,387 364,600 7,500 4,400 376,500 275,632 100,868 376,500	2025 £ 91,951 14,423 224,632 2,806 1,791 8,788 2,512 28,790 20,355 6,000 45,471 6,360 1,066 923 2,558
		458,426 6,000 5,400
		469,826
		375,831 93,995
		469,826

7 Grants payable

Grants to institutions: Dundee Youth for Christ Signpost International Lowson Church Kirriemuir Foodhub Leah Deacon Bankuet	2026 £ - - 2,500 2,500 1,500 1,000 7,500	2023 £ 2,000 4,000 - - - -
		6,000

All grants were made to other organisations for purposes of poverty relief.

• 18 -

DUNDEE AND ANGUS FOODBANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

8 Support costs allocated to activities

Governance costs Analysed between: Independent Exam Fees 9 Net movement in funds The net movement in funds is stated after charging/(crediting): Depreciation of owned tangible fixed assets Loss on disposal of tangible fixed assets	2026 £ 4,400 4,400 2026 £ 14,729 296	2025 £ 5,400
		5,400
		2025 £ 14,423 1,700

10 Trustees

During the year, three Trustees were reimbursed for travel and accommodation, repairs, food purchases and miscellaneous expenses of £44 (2025 - £278).

11 Employees

The average monthly number of employees during the year was:

	2026	2025
	Number	Number
	4	4
Employment costs	2026	2025
	£	£
Wages and salaries	87,562	90,300
Other pension costs	1,493	1,651
	89,055	91,951
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The key personnel below received remuneration in the year totaling £89,054
(2025 - £78,417) for services equitable to their contracts.
	2026	2025
	£	£
Aggregate compensation	89,054	78,417

• 19 -

DUNDEE AND ANGUS FOODBANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

11 Employees

(Continued)

Name of related party: K Linton Nature of relationship: Trustee

Nature of transaction: The above named Trustee received remuneration, for Pathfinder services, equitable to his contract of employment, with his salary authorised by the Board.

Name of related party: N Brown Nature of relationship: Trustee

Nature of transaction: The above named Trustee received remuneration, for the role of Monitoring and Evaluation Officer, equitable to his contract of employment, with his salary authorised by the Board.

12 Other expenditure

	Unrestricted	Unrestricted
	funds	funds
	2026	2025
	£	£
Net loss on disposal of tangible fixed assets	296	1,700

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

14 Gains on revaluation of fixed assets

	Unrestricted	Unrestricted
	funds	funds
	Revaluation	Revaluation
	Reserve	Reserve
	2026	2025
Gains/(losses) upon:	£	£
Revaluation of tangible fixed assets	(115,222)	-

The charity’s property was revalued during the year by independent valuers, Graham + Sibbald, resulting in a gain of £115,222 recognised within unrestricted funds in accordance with FRS 102 and the Charities SORP.

• 20 -

DUNDEE AND ANGUS FOODBANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

15 Tangible fixed assets Cost or valuation At 1 April 2025 Disposals Revaluation At 31 March 2026 Depreciation and impairment At 1 April 2025 Depreciation charged in the year Eliminated in respect of disposals Revaluation At 31 March 2026 Carrying amount At 31 March 2026 At 31 March 2025	Freehold buildings Plant and equipment Computers £ £ £ 127,424 22,474 11,442 - - (889) 107,576 - - 235,000 22,474 10,553 7,646 9,116 4,523 392 3,340 4,957 - - (593) (7,646) - - 392 12,456 8,887 234,608 10,018 1,666 119,778 13,358 6,919	Motor vehicles £ 30,200 - - 30,200 9,080 6,040 - - 15,120 15,080 21,120	Total £ 191,540 (889) 107,576
			298,227
			30,365 14,729 (593) (7,646)
			36,855
			261,372
			161,175

Land & buildings with a carrying amount of £119,778 at 31.03.25 was revalued on the 26.02.26 by Graham + Sibbald Property Consultants Limited, independent valuers are not connected with the company on the basis of market value. The valuation was based on recent market transactions on arm's length terms for similar properties.

At 31 March 2026, had the revalued assets been carried at historic cost less accumulated depreciation and accumulated impairment losses, their carrying amount would have been approximately £117,231 (2025 - £119,778).

The revaluation surplus is disclosed in note 21.

16	Debtors
		2026	2025
	Amounts falling due within one year:	£	£
	Prepayments and accrued income	663	16,552

• 21 -

DUNDEE AND ANGUS FOODBANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

17	Creditors: amounts falling due within one year
			2026	2025
		Notes	£	£
	Other taxation and social security		1,366	1,725
	Deferred income	18	15,000	66,750
	Other creditors		1,353	1,116
	Accruals		14,095	12,219
			31,814	81,810
18	Deferred income
			2026	2025
			£	£
	Other deferred income		15,000	66,750
	Deferred income is included in the financial statements as follows:
			2026	2025
			£	£
	Deferred income is included within:
	Current liabilities		15,000	66,750
	Movements in the year:
	Deferred income at 1 April 2025		66,750	25,750
	Released from previous periods		(66,750)	(25,750)
	Resources deferred in the year		15,000	66,750
	Deferred income at 31 March 2026		15,000	66,750

Included within deferred income is £15,000 received from The Northwood Charitable Trust

• 22 -

DUNDEE AND ANGUS FOODBANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

19 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

	At 1 April	Incoming	Resources	At 31 March
	2025	resources	expended	2026
	£	£	£	£
Trussell Trust - Financial Inclusion	2,474	45,000	(47,474)	-
Northwood Trust - Pathfinder Grant 1 (2024)	17,995	15,000	(20,168)	12,827
Trussell Trust - Pathfinder Grant 2 (2024)	10,804	-	(10,804)	-
Trussell Trust - Pathfinder Grant 3 (2024)	22,422	-	(22,422)	-
NHS Tayside Charitable Foundation -
Pathfinder Grant (2025)	-	10,000	-	10,000
	53,695	70,000	(100,868)	22,827
Previous year:	At 1 April	Incoming	Resources	At 31 March
	2024	resources	expended	2025
	£	£	£	£
	as restated	as restated	as restated	as restated
Trussell Trust - Financial Inclusion	-	5,000	(2,526)	2,474
Northwood Trust - Pathfinder Grant 1 (2024)	10,549	20,000	(12,554)	17,995
Trussell Trust - Pathfinder Grant 2 (2024)	11,656	41,850	(42,702)	10,804
Trussell Trust - Pathfinder Grant 3 (2024)	33,635	25,000	(36,213)	22,422
	55,840	91,850	(93,995)	53,695

Trussell Trust - Financial inclusion funding

Funds received to work alongside agency services dealing with the underlying root causes of poverty.

Northwood Trust - Pathfinder Grant 1 (2024/25)

Funds received for agency costs and consultancy work.

Trussell Trust - Pathfinder Grant 2 (2024/25)

Funds received for the roles of Pathfinder lead, monitoring and evaluation officer and hub coordinator.

Trussell Trust - Pathfinder Grant 3 (2024/25)

Funds received for Pathfinder services, salary backfill, IT equipment and agency services.

NHS Tayside Charitable Foundation- Pathfinder Grant 4 (2026/27)

Monies received for salaries relating to the roles of the Pathfinder programme.

20	Retirement benefit schemes
		2026	2025
	Defined contribution schemes	£	£
	Charge to profit or loss in respect of defined contribution schemes	1,493	1,651

• 23 -

DUNDEE AND ANGUS FOODBANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

20 Retirement benefit schemes

(Continued)

The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

21 Unrestricted funds - Revaluation Reserve

These are unrestricted funds which are material to the Charity's activities.

	At	1	April	Transfers	Gains and	At 31 March
			2025		losses	2026
			£	£	£	£
Revaluation reserve			-	(192)	115,222	115,030

22 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

	At 1 April	Incoming	Resources	Transfers	At 31 March
	2025	resources	expended		2026
	£	£	£	£	£
General funds	660,666	352,810	(275,928)	192	737,740
Previous year:	At 1 April	Incoming	Resources	Transfers	At 31 March
	2024	resources	expended		2025
	£	£	£	£	£
	as restated	as restated	as restated	as restated	as restated
General funds	641,330	396,867	(377,531)	-	660,666

23 Analysis of net assets between funds

Unrestricted Unrestricted Restricted funds funds funds general Revaluation Reserve 2026 2026 2026 £ £ £ At 31 March 2026: Tangible assets 146,342 115,030 - Current assets/(liabilities) 591,398 - 22,827 737,740 115,030 22,827	Total 2026 £ 261,372 614,225
	875,597

• 24 -

DUNDEE AND ANGUS FOODBANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

23 Analysis of net assets between funds

Analysis of net assets between funds				(Continued)
	Unrestricted	Unrestricted	Restricted	Total
	funds	funds	funds
	general	Revaluation
		Reserve
	2025	2025	2025	2025
	£	£	£	£
	as restated	as restated	as restated	as restated
At 31 March 2025:
Tangible assets	161,175	-	-	161,175
Current assets/(liabilities)	499,491	-	53,695	553,186
	660,666	-	53,695	714,361

24 Related party transactions

Name of related party: The Factory III Limited Nature of relationship: 1 common director (D Marshall) Nature of transaction: During the year, the charity paid the company management fees amounting to £6,000 (2025 - £6,000) for providing back-office support.

Name of related party: The Factory III Limited Nature of relationship: 1 common director (D Marshall) Nature of transaction: During the year, the charity paid the company £18,450 (2025 - £13,000) for professional services carried out by D Marshall on behalf of the company.

25 Prior period adjustment

Prior year comparative information has been restated to correct an error in the allocation of expenditure between unrestricted and restricted funds. In the prior year, insufficient expenditure was charged to restricted funds, resulting in an overstatement of unrestricted expenditure and an understatement of restricted fund expenditure. The comparative figures have been adjusted to reflect the correct allocation. This restatement has no impact on total net income or total funds.

Changes to the balance sheet

At 31 March 2025 As previously reported Adjustment As £ £ Income funds Restricted funds 83,687 (29,992) Unrestricted funds 630,674 29,992 Total equity 714,361 -	restated £ 53,695 660,666
	714,361

• 25 -

DUNDEE AND ANGUS FOODBANK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026

25	Prior period adjustment			(Continued)
		At 31 March 2025
		As previously	Adjustment	As restated
		reported
		£	£	£
	Changes to the profit and loss account
		Period ended 31 March		2025
		As previously	Adjustment	As restated
		reported
		£	£	£
	Net movement in funds	17,191	-	17,191

• 26 -

D0128 Dundee and Angus Foodbank accounts to 310326 for signing

Final Audit Report

2026-06-01

Created: 2026-06-01 By: lesley campbell ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAA99fKNEyApQ8NKbpIcI7XCeL4SRhppZYj

"D0128 Dundee and Angus Foodbank accounts to 310326 for si gning" History

Document created by lesley campbell ([e-mail]) 2026-06-01 - 8:51:10 AM GMT

Document emailed to Derek Marshall ([e-mail]) for signature 2026-06-01 - 8:51:25 AM GMT

Email viewed by Derek Marshall ([e-mail]) 2026-06-01 - 9:25:45 AM GMT

Document e-signed by Derek Marshall ([e-mail])

Signature Date: 2026-06-01 - 9:26:17 AM GMT - Time Source: server - Signature Appearance Selected: IMAGE

Document emailed to lesley campbell ([e-mail]) for signature 2026-06-01 - 9:26:19 AM GMT

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Agreement completed.

2026-06-01 - 9:31:29 AM GMT