RECISTERED CHARITY NUMBER: SC043763 rt of the Trnstees and Unaudited Financial Statemenls for the Year Ended J l March 2025 for Falkirk Foodbank SCIO Drummond Laurie CA Unit 5 Gateway Business Park Beancross Road Grangemouth FK3 8WX
Falkirk Foodbank SCIO Contents of the Financial Siatemenls for the Year Ended J l March 2025 Reference and Administrdtive Details Report of lh¢ Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8 to 12 Detailed Statement of Financial Activities 13
FRlkirk F cgdbank SCIO Reference and Administrativ¢ Details for the Year Ended 31 klarch 20)5 TRiJsfEES PIUNCIPAL ADDRESS Unit I Tamfourhill llldu5trial E51ate Falkirk FKI 4RT RF.C.ISTF.RED CHAR[ NI,MBER SC043763 INDEPEIYDEIYT EXAMINER Dnunmond Laurie CA Unit 5 Gateway B sInesS Park Beancross Road Grangemouth Fk3 8WX BANliERS Bank of scotl1d PO Box l 000 BX2 ILB Page I
Falkirk Foodbank SCIO ort of the Trustees for the Year Ended 3 1 March 2025 The trustees present their report with the financial Statements of the Charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charilies: Statement of Recommended Pra¢ti¢e applicable to charilies preparing their accounts in accordanc¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). The charity is a Scottish Charitsble Incorpordted Organisation (a SCIO). It was registered as a charity on 6 February 2013 and incorporated as a SCIO on 15 March 2016. Falkirk Foodbank SCIO will be referred to as Falkirk Foodbank throughout the financial statements. OBJECTIVES AND ACTIVITIES Objectives and aims The SCIO is established for charitable purposes only, and in particular, the objects are: the prevention or relief of poverty in Falkirk and surrounding areas in particular but not exclusively by providing emergency food supplies to individuals in need andlor charities. or other organisations working to prevent or relkeve poverty. and to provide services to people who have need of them by reason of their age, ill-health, dtsability, financial hardship or other disadvantage by Signposting them to additional support services. The prevention or relief of poverty is to be achieved principally through the provision of food stuffs and essential groceries. This is our charitable objective but it is ffimportant that int¢re5ted parties have a clear understanding of what we do and how we do it. Significant activities A person or family (our clienls) can only access support from the Falkirk Foodbank i.e., a food par¢¢l when we receive an agreed referral reason from one of our approved referral agents. There are currently over 140 r¢f¢rral agents. Referrals are logged through our database management system provided by Trussell. Throughout the year improvemenls to this system have provided us with more accurate infornialion. especially for reporting purposes. We provide a supply of nutritional food to last for around 7 days. When available, we add any fresh products that we have in stock. Where there is a know7J dietary issue, we seek to accommodate this. We a150 provide for Halal, Vegetarian, Gluten Free etc., as and when available. We also can supply baby foods, milk, nappies, and wipes. We always try and provide for people's pets, (matnly cats and dogs), $0 that people need not skip meals tn order to feed their pets. Normally, all food, hygiene products and anirnal foods are doDai¢d to the Foodbank. Monetary donations are also used to purchase supplies and fuel for deliveries. Donalions are made by individuals, churches, superstores, and other voluntary agents on a regular basis. We four vans and deliver weekdays except Wednesdays. Page 2
Falkirk Foodbank SCIO ort of the Trustees for the Year Ended 31 March 2025 OWECTIVES AND ACTIVITIES Public benefEt We have referred to the guidance contained in OSCR'S general guidance on public benefit and we have regard to it when reviewing our airns and objectives. and in pla[ing our fure activities. The key objective of the foodbank continues to be the prevention and relief of poverty of individuals and families within the Falkirk District. Benefits and Beneficiaries- In accordance with its charitable objectives. Falkirk F(M)dbank continues to prevent and relieve poverty of individuals and families in the Falkirk area. The SCIO'S principal beneficiaries are, therefore, the local general public. The main betkefit provided to the general public is food and other necessary items where appropriate. Trustees, Assessment of Public Benefit- In monitoring the progress of the SCIO in ternis of delivery of public benefit, the trustees use the following measures of success and gather evidence accordingly.. Number of clients that have been fed. Volume of food delivered to our clients- and - Feedback from our clients. ACHIEN'EMEP4TS AND PERFORMANCE Charitable activities During 2024125, we have fed 6.957 people with 2,165 of them being children. We were able to provide unrivalled support for families facing food poverty either on the day of request or within two days. This is made possible through the generosity of commitled donors. FINANCIAL REVIEW Financial position During the year, Falkirk Foodbank received £91.718 (2024: £100.339) of cash donations, grant income and other income. The income and existing funds have been used to fund £78.738 (2024= £99.868) of expenditure incurred by the Falkirk Foodbank in the financial year. Net surplus for the financial year was £12,980 (2024- £471). Net surplus excluding depreciation would have been £38,708, (2024: £31,732)- Falkirk Foodbank has a strong balance sheet with reserves of £213,426 (2024= £200.446) including cash balances of £127,409 {2024: £13J.951 }. Reserves poliey At 31 March 2025 unrestricted funds amounted to £210,419 (2024.. £200.446). The unrestricted thnds will be applied to meet the ongoing costs of the Charity and the charity aims to hold unrestricted cash reserves to meet one year's expenses. Any grants that are received for a specific pU05e are allocated to restricted flmds and these funds total £3,007 (2024.. £nil). Page 3
Falkirk Foodbank SCIO rt of the Trustees for Ihe Year End¢d l March 2 FUTIJRE PLANS In July of 2024 Iv¢ Appointed a full-tim¢ Manager OD a fixed temi 2-year contract. It is our hope to b¢ able lo ¢xt¢nd this, dependent up)n finances. With the assistance of guidance issued b). Ttussell we have completed the update of policies and 8ood practice guidance. Maintenance work has been ongoing. and the Foodbank is now wind and watertight. Ele¢tri¢ motors have been fitted to the roller doors, and CCTV has been installed along with further intruder alarnis to increase security at the facility. Sin¢e our last report one Trustees has retired and a new Trustee w&s appointed in October 2024. We hope to further recruit an addilional trustee in the coming months. We also remembeT Ilith gratitude volunteers who have retired or sadly passed away. S'1"RUCfURE, GOVERNANCE AND I¥IANAGEMENT GoTr'erning do¢ument Falkirk Fvudbank has a wrillen consliluiion I¢Ig¢d with OSCR and ihe operniional pro¢esses are delled (herein. If anyone wish¢5 to ¢xamine thi5 they can make an appointm¢nl lo vi¢w this at our yiational base in Tamfourhill at a mutually conv¢ni¢nt time. Oryanisational stTuclur* In the stmplest forn the SCIO allows for a rnanagement tier (the Trustees) overseein8 an operational tier under the leadership of the Manager h0 co-ordinates the running of the centre and volunteers. The process for nominalion as a potential TTUSte¢ is delailed within the constitutional docLunents. Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensute appropriate controls are in place to provide reasonable assurance against fraud and em)r. Approved bv order of the l)oard of trustees on ....... . and signed on its behalf by: Page 4
Inde endeni Examinerfs Re Falkirk Foodbank S io rtto he Tru tee I r¢port on thc arcounts for th¢ y¢ar ¢ndcd 31 March 2025 5Ct out on pas¢5 Six to twelv¢. Respective responsibilities of trustees and elaminer Th¢ ¢harity's trustees are responsible for the preparation of the accounts in accordance with the tern)s of the Charities and Trustee Investment {Scotland) Act ?005 and the Charities Accounts (Scorlandl Regulations ?006 {as amended). The charity's trustees consider that the audit requirement of Regulation l (N l )ia) to 1¢) of the Accounts Regulations does not apply. It Is m>. responsibility to examine ihe accounts as required under Seciion 441 I Xc) of the Act and to state whether particular matters have come to my attention. Basis of the independenl examiner's report My examination was carried out in a¢cordance with Reoulation I l of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accouniing records kept by the charity. and a comparison of the accounts presented with those records. It al includes consideration of any unusual items or disclosures in the accounis, and seeking explanations from you as trustees Concerning any such matters. The procedures undertaken do noi provide all the eviden¢e thai would Ix required in an audit, and consequenily I do express an audii opinion on the viem. given by the accvunl5. Indep¢Dd¢nt txaminer's statement In connection wilh my ¢xamiThation, no rnatter has come to my attention . (l) which 8ive$ me reasonable Cause to believe that. in an). material respect, the requirements to keep accounting records in accordance with Section 44( l Ma) of the 2005 .4ct and Regulation 4 of the 2006 A¢counls Regulations- and to prepare ac¢ounts which accord with the accounting records and to comply with Regulation 8 of th¢ 21)06 Accounts Regulations have not been meL or (2) to whtch. in my opinion, artention should be drdwn in order ro enable a proper understhnding of accounts to be reached. Dru¥nmond Laurie CA Unit 5 ateway Business Park Beancross Road Grangejnouth FK3 8WX Zozr Page 5
Falkirk Foodbank SCIO Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 88.468 3.250 91.718 100.3)9 EXPENDITURE ON Charitgble activities Activities of foodbank operation 78.495 243 78.738 99,868 NET INCOME 9.973 3,007 12,980 471 RECONCILIATION OF FUINDS Total funds brought forward 200.446 200.446 199.975 TOTAL FUNDS CARRtED FORWARD 210.419 3.007 213,4?6 200,446 Th¢ notes fomi part of these financial stalements Page 6
Falkirk F dbank SCIO Balance Sheet 31 March •025 31.3.25 Total funds Lnrestricted funds Restricted funds Total funds Noles FIXED ASSETS Tangible assets 30.785 3,007 56.268 CURRENT ASSETS Stocks Cash at bank 5?,788 127.409 52,788 127,409 11,053 133,951 180,197 180,197 145.004 CREDITORS Amounts falling due within on¢ y¢ar {563) (563) (8?6) NET CURRENf ASSETS 179.634 179,634 144.178 TOTAL ASSETS LESS CURRENT LIABILITIES 210,419 3.007 213,4?6 200,446 INET ASSETS 210,419 3,007 213,426 200.446 FUNDS L1nrestricted funds Restri¢ied fLU)ds 210,419 3,007 200,446 TOTAL FUNDS 213,426 200,446 The financial statements MEre approved by the Board of Trustees and authorised for issue The note5 fom part of these finan¢ial statements Page 7
Falkirk Foodbank SCIO Notes lo the Financial Stalements for the Year Ended 31 March 2025 ACCOUNTING POLICIES B¥si$ of preparing the financial statements The financial statements of the charity. ,hICh is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Re¢ommend¢d Practice applicable to Charities preparing their accounts in accordanee with the Finaticial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities and Trustee Investment (Scotland) Act 2005. Th¢ financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the fjjnds, it is probable that the income will be received and the amount ¢an be measured reliably. Expenditure Liabilitie5 are reeognised as expenditure as soon as there is a legal or constrnctive obligaiion committing the charity to that expenditure. 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 accounted for on an accruals basis and has been classified under headinos that aggregate all cost related to the category. Where eosts cannot be directly attributed lo particular headings they have been allocated lo activities on a basis consistent with the use of resources. T#ntsible fixed assets Depreciation is provided at th¢ followtng annual rates in order to write off each asset over its estimated useful life. Motor vehicles Equipment 25 % oti cost 25 % on cost Stocks The charity holds stock which has been donated from local businesses and the general public. At the year*nd. a stock count is perfomied and this is included at estirnated replacement value. Taxxtion The charity is exempt from tax on its charitable activlties. Fund accounting Unrestricted funds can be used in accordance with the charitable objertives at the discretion of the trustees. Restricted funds ¢an only be used for particular restricted purposes within the objects of the charity. Restrictions 8rise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fid is included in the notes to the financial statements. Page 8 continued.
Falkirk Foodbank SCIO Notes to the Financial Statements - Continued for the Year Ended 31 March 2025 DONATIONS AND LEGACIES 31.3.25 31.3.24 Donations Grants received 77,838 90.251 10,088 91.718 100,339 Donations are comprised of.. personal donations of £4) ?36 (?024: £55,937) church donations of £13,708 (2024= £11.)50) donations from local businesses and voluntary organisalions- £20,894 (2024: £22,964) Grants received. included in the above, are as follows: 31.3.25 31.3.24 Tesco grant 7,222 3.408 3,250 8.223 1.865 Asda grant Falkirk Council grant 13,880 10,088 TRUSTEES, REMUNERATION AND BENEFITS There were no IsteeS, rernunerdtion or other benefits for the year ended J l March 2025 nor for the year ended ) l March 2024. Trustees, expenses There were no tru5t¢¢s' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. COMPARATIVES FOR THE STATEMEWf OF FINANCIAL AcrTr'rriES unrestrlcd funds Restrtcted funds Total funds INCOME AND EiNDOWMENfs FROM Donations and legacies 100.339 100,339 EXPENDITURE ON Charitable activities Activities of foodbank operation 99.868 99,868 NET INCOME 471 471 RECONCILIATION OF FUNDS Total funds brought forward 199,975 199,975 TOTAL FUNDS CARIUED FORWARD ?00,446 200,446 Page 9 continued...
Falkirk Foodbank SCIO Notes to the Financial Statements - continued for the Year Ended 31 March 2025 TANGIBLE FIXED ASSETS Motor vehtcles Equipment Totals COST At l April 2024 Additions 125,042 125,042 3,250 3,250 At 31 March 2025 125,042 3,250 128.292 DEPRECIATION At l April 2024 Charge for year 68,774 25.483 68,774 25.726 243 At JI March 2025 94.257 243 94,500 NET BOOK VALUE At 31 March 2025 30.785 3,007 33.792 At 31 March 2024 56,268 56,268 STOCKS 31.3.25 31.3.24 Stocks 52.788 11,053 CREDITORS: AMOUNTS FALLING DUE WITHIN ON'E YEAR 31.3.24 Other creditors 563 826 MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricled funds General fund 200,446 9.973 210,419 Restricted funds Falkirk Council grant 3.007 3.007 TOTAL FUNDS 200,U6 12,980 213,426 Page 10 continued...
Falkirk Foodbank SCIO Notes to the Financial Statements - continued for the Year Ended 31 March 2025 MOVEMENT IN FUNDS- eontinued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrieted funds General fiEnd 88.468 (78.495) 9.973 Restricted funds Falkirk Coun¢TI granl 3,250 (243) 3,007 TOTAL FUNDS 91.718 {78,7i8) 12,980 Comparatives for movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestrieted funds General fiwd 199.975 471 200,446 TOTAL FUNDS 199,975 471 200,446 Comparative net movement in funds, included in the above a5 follows: Incoming resources Resources expended Movement in fvnds Unrestricted funds General fund 100,339 (99,868) 471 TOTAL FUNDS 100,339 (99.868) 471 A current year 12 months and prior year 12 months Combined posltion is as follows- Net movement in funds At 31.3.25 At 1.4.23 Unrestricted funds General fid 199.975 10,444 210.419 Restricted funds Falkirk Council grant 3.007 3.007 TOTAL FUNDS 199,975 13,451 213,426 Pagell ontinued...
Falkirk Foodbank SCIO N'otes lo the Financial Statements - continued for the Year Ended 31 March 2025 MOVEMENT IN FUNDS- continued A current y¢ar l? months and prior year 12 monihs combined nel movement in fiinds. included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General nd 188.807 (178.363) 10.444 Restricted funds Falkirk Council grant 3.250 (243) 3.007 TOTAL FUNDS 192,057 (178,606) 13.451 RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2025. io. ULTIMATE CONfROLLING PARTY The charity is under the control of its Board of Tntstees. Page 12
Falkirk Foodbank SCIO Detailed Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Donations and legacies Donations Grants received 90,251 10,088 13,880 91,718 100,339 Total incoming resources 91,718 100,339 EXPENDITURE Charitable activitie5 Management Electricity Upkeep of premises Delivery van running costs Postage and stationery Equipment and fit out costs Stock movement Supplementing warehouse stock Telephone Sundries Insurance Depreciation of tsngible rtxed assets 19.442 9.398 9,668 5,160 3.966 2,813 (41.7)5) 31,441 1.754 4,441 6,662 25,728 10,309 5,988 4,780 6.2?8 3,295 879 27,058 898 2,241 6.931 31.261 78.738 99.868 Total resources expended 78,738 99.868 Net Kncome 12,980 471 This page does not fonn part of the statutory finan¢ial sthtements Page 13