Registered number: 02808912 Charity number: 1036149 The People's Kitchen Limited Annual report Year ended 31 December 2022 'ACCFYNFC 2010912023 C(APANIES HOUSÈ
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The People's Kitchen Limited Contents Page Reference and administratN8 detals Trustee5' report Independent examinerfs Teput Statement of financkal actiwl*s Balance sheet Slalemenl of cash fl(yws 10 Notes lo the financial ststements 11-21
The People's Kitchen Limited Reference and administrative details Year ended 31 December 2022 Trustees Mrs J Boardman Ms J Harrison Mr M I Spriggs Mr K Armstron9 Ms M PaOU Ms S Devlin (appointed 13 Juty 20221 Mr K S Maloney (appointed 13 July 2022} Mr J Walson {appointed 13 July 20221 Ms M M Deans (resigned 13 Juty 20221 Mr R S Vigurs ISIgned 6 April 20221 Company regl$tered number 02808912 Charity registered number 1036149 Registered offic• The Alison Ctre 56 Bath Lane Newcastle upon TyT)e NE4 5SQ Company secretary Mr M I Sprwg$ Accountants UNW LLP Chartered Aceountsnts Citygale St James, Boulevard Newcastle upon Tyne NE1 4JE Bankers Barclays Bank pl¢ 49-51 Northumberland Street Newcast upon Tyne NE1 7AF Pa9e 1
The People's Kltchen Limited Trustees. report Year ènded 31 December 2022 The trustee5 present their annul report tO9elher wth the financial statements of the charity for the 1 JanLJary 2022 10 31 December 2022. The annual report serves Ihe purposes of both a Iruslees, report and a directors, report under company law. The trustees confirm that the annual report and financial slalements of the charitable company comply with the cUrn1 statutory requirements, the requirements of the chantable company's goveming document and the provis)n$ of the Ststement of Recommended PraclKe ISORPI applicable lo charrties preparing their a¢¢ounls in accordance with the Financial Reporting Standard appltsble in the UK and Republi¢ of Ireband IFRS102) lelleGbve 1 January 2019). Since the charty qualifies as srnall under SeCtn 382 of the Companie5 Act 2CQ6. the strategic report required of medium and large cOmpanS under the Companies Act 20( {Strategic Report and Directors, Reporti RegulatnS 2013 has been omrfted. ObJ•ctives ¥nd aetivitles • Poli¢i•s and ObltIVeS The charws objectNes and principal activities continue lo provJe friendship. fiM)d and clothing lo the many homeless and deprived people (referred to as Yriends'l in the en[on5 of NevKa5tle upon Tyne. In setting objectives and planning for actNItS. the In151ees have 9iven due SideratIon lo gener81 guidance published by the Chty Commis5ton relating to publ¢ benefrt. including the guidance'Public benefft.. running ¢harty IPB21'. • Stratggies for achieving objectives We have thirty five years, experience of provKling food and friendship to hOMesS and vulnerable people. We serve f¢X from our base. the Alison Centre. We do not means test and have a tru enl00r admittance policy for all wlh one caveat that all our friends adhere to OUT coje of acceptable behaviour. We provide a vital lrfeline for people who. for whatever reason, find themselve5 in need of our support. We receive no central govemmenl or local authority fundiThJ and rely entirety on the goodwill of busine55es and Ihe community to fund our essential seNces. Our strategy can be summarised as.. Earfy support- provtiling a safety net at vulnerable lime5. Each year. up to 80,000 Ihjt meals are Served and 20,000 rtern5 of dothing provKled. irKluding.access lo sleeping bag5. rUckks, hot shower5 and loilelries, th 50,000 hours of support by over 320+ dedicated volunteers. Building friendship- over 1,000 vulner*Ae benefil frcrfn attending the Alison Centre. The nghl path- working together wrth professK)nal partners towards independent ITn9 and signposting friends towards essents.al acCommodatn and healthcare providers. Moving toward5 independent IMng- provision of cpportunrties, events, and the opportunity lo volunteer to help to find full lime emplent. Through this journey of engagement we aim lo promole confidence and sewosleem. All our work is supported by the loyal Tegional commLbnity whKh incbudes members of the public, donor5. charitable foundations and trusts. local cc4npanies, churches. schools and community OTganisations. The charity plays a valuable and nue rc4e in the cty'$ efforts lo meet Ihe needs of homeless and vulnerable people. The nature of its service offer, open dt)or poly and Cfjening hours complement other serVS in the Cty. while the qualty ol the service provisKJn and the OrganilOn,5 abilty to attr¥t and work with people who often struggle to engage with mainstream seM¢es are signrftant a¢hents. The Peop.$ Kitchen not onty supports fn.ends to megt thw basK needs. it also provhles them wrth a sense of Page 2
The People's Kitchen Limited Trustees. report (continued) Year ended 31 December 2022 Objectives and activities (continued slablity in their lives and a frndatIon from which they can begin lo addres5 their more complex needs. The support provided by both volunteers and profes$K•nal agencies is impacting a wde range of needs and policylservice sectors. • Volunteers The charty is run entirely by volunteers. . Review of activities Thank5 aITr lo rAr donors and extraordinary NKJlunleers. the charity has had another very g¢)od year. Demand has grown considerably wrth over 200 meals b"ng provided daity, sometwnes LP lo 300. This has required a consKlerable increase in resour. both fId and vc4unleers. Food donations have reduced". however. due to our strong finances we have been able to buy more food. We ran a full Christmas schedule including a street paty OUtse the Alison Centre. a Christmas disco and the traditional table service Christmas lunch t¢)Jether ¥h tske-away presents, ere we served over 130 meals, which was an increase of 40%. We continued our close coyation and ctrordinab'on vnth the City Council and other charilies and implement Irauma-inforrned approaches lo all aspects of our support arKI welfare. SeNs in the eity attend The peop.$ Krtchen during our food servu, including Plummer court dnw and aleotrnl ajdiclhjn seNices, Changing Lives, and Mental Health Matters. All these iniliabves wll be supported by our re-nvigored missKffb and values statements which have been developed with. and rolled ¢)ut to, our volunteers. FiTran¢ial rwi•w Finan¢ial rèview Our income was £755k with total expendrture of £496k_ Our unpaid volunleerfs payroll equNalenl would be approximatety £0.6m. Included Ythhin income and expendrture a grfts in kind of fo and clothing estimated at £32k. The trustees are satisfied with both the perfomiance in year and the yearnd position. • Going Concern As noted above, the charrty has performed well and continues to adapl its operat¥ in order to continue with its services. It is anticipated thai the voluntary income on vthi¢h the chaTty relEs may reduce, and the costs of promding s(me aspects of the sermce have risen. Htr4vever, as the charity has a low fixed cost base and a reasonable level of free reserves, the Iruslees have a reasonable expeclalion that the charity has adequate resources, held as cash. lo continue in Operathal existence for the foreseeable future. For this reason, they continue to adopt the 90ing concem basis in pieparing the financial statements. Further deta"Is regarding the adOptn of the goiThJ Ccern basis can be found in the accounting polic$. Page 3
The People's Kitchen Limited Trustees, report Icontinued) Year ended 31 December 2022 Reserves pollcy Recent years have shown that a prudent reserve Fdicy 15 vilal lo the lorwJ-tem security and continuation of a charrty. more so given the current C051 of living increases, particularly in terms of food and energy cost rises. The People's Krtehen has supported and assisted the less fortunate in our ccAnmunty for over 35 years and we aim lo maintain and strengthen our support in the region. Therefore. the tnjstees Consider that due lo its relL8nce upon voluntary donations the chanty should aim lo retain the equwalent of an average fv40 years running costs lotalling appromatety £1,000,000 as a cushitin against the fubjre long-lerm impaet of the Pandern on the ¢harty. As of 31 December 2022, the unrestrKled free reseeS (not including fixed assets) amounted lo £1.551,554. of which £300,000 has been desnate<l towards future capital expendrture to ensure the Kitchen can be adequately maintsined and a fvrther £20,CKIO de$KJnated trmards support. Despite the performance in the year, the trustees are mindful of an Increasingty chaIn91ng fundraising environment, whilst demand for support and assistsn¢e is growing at an ever-increasing rate. Whilst the charity needs lo explore new and ahemats¥e funding streams. we are satisfied that the year-end position albws the ch¥ty to Conlinue lo work lo develop new ways of wthing. • Plans for the future As demand for our services. and in particular the prowsk)n of meals. has increased substantially over the last 3 years, the main priorrties for the charity are Develop the ski115 of our volunteers throLhJh fUrtr training in 2023 including reducing Cc(11Ct bn the workplace, working in a trauma infomied way, first atd including Nax(e., Continue lo buibJ on our relatK)nship the Cty Council and crther ¢haritEs looking after the needs of the homeless and those compkx needs, based on the charter we have developed.. Review and potentialty expand the services and hdp we can prowde for Dur friends partUlarlY in the fields of mental heatth and addicknon and explore the commissionirrfj of seThices lo help with this., Investl9ate Ihe CMiSSIOn1n9 of services to help with the above" Increase our events programme.. and Appoint'Greeft Champions" thin the eharty improve our environmental impacL Structure. governance and management • Constitution The Peoe'S Kitchen Limited is constituted as a company limited by gUarlee and is a registered charrty number 1036149. The charrty is controlled by ils goveming th)cument. ts memorandum and artides of associatson. Each member is Irable lo contribute £1 on windiThJ up. Page 4
The People's Kitchen Limited Trustees. report (continued) Year ended 31 December 2022 Structure. governance and managemenl (¢ontinuodl • Methods of appointment or eleclion of trustees The management of the charity ts the sponSl11ty of the Irustees who are elected and eo-opled under the terms of the memorandum of association. The charity aims lo maintain rts funct$ by reciurting appropriate individuals who have the necessary skills and bcal knOedge. The recrurtmenl of trustees Is a matter for the board, and when vacancies arise in erther numbers or skill coverage one of the trustees wll approach 5Urtable candidates from their ¢onta¢ts. based on Ihe requirement to have a knowledge of the region. an understanding of anil empathy with the chaIrtab sector, coupled th a geTher recognort of the local needs to help promote the charitys aims_ None of the truslees are ents"Iled to. rtor receNe. any remurteration for their services to the charty during the pertd. Policies adopted for the induction and training of trustees The trustees afe familiar with the work of the charty, arKI new trustees are encouraged to attend al Ihe charitls registered office where they are briefed on the aims. objectNes and other operational matters, in addition to their roles and responsJilth"es. • Organisational slru¢ture and dKision making The board of trustees is responsknle for th8 continued strategy ol the charrty goiro fowmrd. There is a management structure %Mth exh ol the trustees assuming $nsibl1ty for defined areas and recrurting appropriate teams. Risk management The trustees are satisfied Ihal appropriate protection Systems and checks remain in place in order lo mrtyale exp)sure to major risks. The charity volunteers are dealing wrth vulnerable adutts and consequentty Y have stepped up our training lo equip volunteers and team leaders in areas such as safeguarding and lo include de-escalalion Iraining and mental wellbeing. All newty recrurted volunteers also undertake a six week indu¢lion. All volunteers have lo have a mandatory DBS check. The Charitys training manager arranges training sessions frn outsourced industry $pe¢ialisls in the fields of food hygiene, saleguarding and ffirst aid. The healih & safety manager Continues to ¥1¥ our risk register, poIKies and procedures," these include making ¢ar the PredUreS lo be ad¢)pled in risk assessment, syNsp)n and inspection. consuth'ng and encouraging and ensurng competence. The trustees have identified the follC"ng addit#)nal areas whh present risk al differing levels. Donor compassion fatigue. lo be mrtfjated through the development of a marketsng strategy. Specolist skills of ¢)UT volunteer force. User demand level.. the likelihood of this decreasing in next three years is remote in the Ih1 of cuts in Ial authority seNces in the sector and the effects of the cost of livrng. We wll continue to review our PR and fvnd-raising to address the very differenl funding environment we are working in. • Trttstees. indemnities The company has male qualtying third pwty indemnty provisions for the benefft of its InJstees. which remain in force al the date of this report. Page 5
The People's Kitchen Limited Trustees, report (continued) Year ended 31 December 2022 ststemgnt of trust8es' responslbilities The trustees (who are also directors of the charity for the purposes of company kw) are responsible for preparing the trustees, report and the financial ststements in a¢cordanee with applicable law and United Kingdom Accounting Standards {Untted kn"ngdom General Accepled Accounting Practscel. Company law require$ the trustees to prepare financial ststements for each financial year_ Under company law, the trustees must not approve the financial ststements vnless they a Satisf that thèy give a true and fair ew of Ihe ste of affairs of the charity artd of rts in¢Crtning resources and application ot resources. including its InMe and expenditure, for that period. In preparing these financial slalements. the trustees are required lo.. select suitable accounting policies and then appty them consistenlly. observe the methods and principles of the Charthes SORP {FRS 1021,. make jLKlgments and accounting estsmates that are Teasonable arid prudent-, state Nvhelher applKable UK A¢counts"ng Stsndards IFRS 1021 have been folbwed, 5ubJ'e¢t to any material departu$ dis¢k)sed and explained in the financial ststemenls", prepa the finan¢Kal statements on the goir¥J ¢Mcem basis Unle it is inapprcyriate to presume th the hanty will conts.nug in bLbsiness. The trustees are respons*Jle for keeping adequate accounting records that are sufficient to show and explain the charty's transactions arKI disclose N¥ith reasonab accuracy al any time the financial position of the charty and enable them lo ensu that the financial statements comply ¥Mth the Companies Act 2006. They are also responsible for safeguarding the assets of the charity hence for tokiry reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of trustees on 6 September 2023 and signed on their behalf ty. Mr4 J Boardrnan Trustee Page 6
Independenl examinerfs report Year ended 31 December 2022 Independent examlnerfs report lo the trustws of The People's Kitchen Limited {'the charity. I report to the chaiity trustees on my examin1 of the xcounts of the charity for the year ended 31 December 2022. Responsibllltles and basls of report As the trustee5 of the chanty land its directors for the purposes of company law} you a responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20c61.lhe 2006 Act'i. Having sati$fEd rny5eif that the accounls of the charty ¥e not required lo be audrted under Part 16 of the 2006 Act and are eligible for independent examinabon. I report in respect of my examination of the charity's accounts carried OLrt un¢Jer section 145 of the Charits Act 2011 Ilhe 2011 Acri. In carrying out my examination I have followed the Directions given by the Charity Commission under Sedi¢ 145{Sllbl of the 2011 Act Independent examinerfs ststement Sinee the eharitys gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualffied to undetske the examination because l am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I ¢TI[M that no matters ha ccrfne to my attention in conneclion %Mth the examinati¢)n gniing rne cause to telieve.. aoUntIng records were not kept in respect of the ch as required by section 386 of the 2006 Act., or the accounts do not xwrd with those record$'. or the acunIS do not cc4nply with the accountsng requirements of sli0n 396 of the 2006 Act other than any requifement that the a¢¢ounls give a 'true and fairf view whi¢h is not a matter considered as part of an independent examinali¢M" Or the accounts have not l)een ppared in accoTdance wth the methods and principles of the Statement of Recommended Prxtice foT accounting and reporting by charit¢es [app1Kab to charities preparing their accounts in accordance wrth the Financ1 Reporting Standard applicabie n the UK and Republic of Irdand IFRS 102)1. I have Concerns and have come across no other matters in connectK)n wrth the exarninalion to which attents'on should be dfawn in this report in order to enab a proper understanding of the accounts to be reached. This report is made solety to the charitys trustees. as a body, in accordance wrth Part 4 of the Charth"es (Accounts and Reports) ReguLgtions 2008. My work has been undertaken so that I mHJht stale lo thè charity's those matters l am quired to state to them in an independent examinerfs pOrt and for no other purpose. To the fullest extent pemitted by law, I do not accept or assume responsibilty lo anyone other than Ihe chaTty and the ¢hartys Iruslees, as a bcJy. for my vth or for this repo Signed: Ded: 6 Septemter 2023 Anne Hallowdl Bse FCA DCt44 UNW LLP Newcaslle upon Tyne Page 7
The People's Kitchen Limited Statement of financial activities (incorporating income and expenditure account) Year ended 31 December 2022 Unrestrided funds 2022 .Totsl funds 2022 Total funds 2021 Note Income from: Donations Investment inc(yne 753.211 2.143 753,211 2,143 551,383 5.241 Total income 755,354 755,354 5S6,624 Expenditure on: Charitable actNf(ies 496.729 496.729 436,036 Total expendlture 496,729 496.729 436,036 Net movemont in funds 258,625 258,625 120,588 Reconciliation of funds: Total funds brought fopward 1.695.375 1.695,375 1,574.787 Total funds carried forward 1,954.000 1.954,000 1,695.375 All funds in both years are UnTe5trted. The notes on pages 11 to 21 fonn part of these financi stements. Page 8
The People's Kitchen Limited Balance sheet At 31 December 2022 2022 2021 Note Flxgd assets Intangible assets Tangible assets 7,525 394.921 10,750 426.987 402.446 437,737 Current assets Debtors Current asset investments Cash at bank and in hand 46.266 970.077 541.S75 46,984 920,308 2,224 1.557.918 1,263.516 Creditors." amounts falling due thin one 16.364) 15,8781 Net current assets 1.551.554 1,257,638 Total net assets 1.954.000 1,895,375 Charity funds Total funds 10 1.954,000 1,695.375 Total funds 1.954,000 1,695,375 The charity was entided lo exemption from audit under secl)n 477 of the Companie5 Act 20C6. The members have not required the cOmY to clain an audrt for the year in questhM in aceordance %wth se¢tKJn 476 of C¢2mpanies Act 20C6. The trustees acknThedge their $)n$(OllIeS for complw'ng V•ilh the requirements of the Act with respect to accounting records and preparation of financial statements. The financral statements have been preparejj in accordance with the provi5ion$ applicable to entrties subject to the small companies regime. The financial ststements were approved and authorised for issue by the trustees on 06 September 2023 and signed on their behalfty: Mr J Watson Trustee Mr K S Malon0y Trust Registered number.. 02808912 The notes on pages 11 to 21 form part of these financial statements. Page 9
The People's Kitchen Limited Statement of cash flows Year ended 31 December 2022 2022 2021 Cash flows from operating a¢livities Net cash used in operating actiwlie5 292.977 151,505 Cash flows from investing activities Interest from investments 2.143 5,241 Net cash provided by investing adivities 2,143 S.241 Cash flows from linancing activities Net cash provided by finan¢ing activities Change in cash and cash equivalents in the year Cash arKI cash equiva15 at the beginrbing of the year 295.120 156.746 1.216.532 1,059,786 Cash and cash equivalents al Ihe end of the year 1,511.652 1.216.532 The notes on pages 11 to 21 foM part of these fin•Kial statements Page 10
The People's Kitchen Limited Notes to the financial statements Year ended 31 December 2022 Accounting policies 1.1 Basi$ of preparation of financial sLitements The financial ststemenls have been prepared li a¢cordan¢e hth the Charities SORP {FRS 1021- Accounting and Repo.ng by Charrties" Statement of Recommended Practice applicable to charities preparing their accounts in accordance wrth the Financial Repothng Stsndard applicable in the UK and Republic of IreLand IFRS 1021 leffectNe 1 January 20191. the Financial Reporting Standard applKable in the UK and Republic of Ireland IFRS 102) the Companies Ad 20C6. The People's Kitchen Limited meets the definition of a publt benefil entity under FRS 102. Assets and liabilrties are llIa1 reccsnised at hi51orThl c05t or transaction value un$ olheNise staled in the revant accounting policy. Company status The charity is a ¢wipany limited by guarantee_ The members of the company are the trustees named on page 1. In the event of the charity rt9 wound up, the liability in respect of the guarantee is limrted lo £1 per member of the charrty. 1.2 Going concem The financial statements have been prepare(l on a 90ing concern basis. As set in the Trustees. retK)rt. the trustees have considered the current risks faced by the charty and all I10[S they bel¥e might reasonably impact upon the fuiure outlook of the Charity. Whilst future income 51reams are uncertain. the charity ha5 a rdalively fixed cost base and adequate resources, held as cash. lo albw rt lo continue in operatKJnal existence for the foreseeable future. As a result, the trustees consider that the wng concern basis remains apprcpriale for the preparation of these financial statements. 1.3 Income All income is recognised once the charrty has enlillemenl lo the income. it is probable that the income wll be received and the arnount of income Teceivable can be measured felkqbly. Gifts in kind donated for distribution are included at ValUatn and Teccgni5ed as income when they are distributed to the projects. Grfis donated for resale are included as income when they are sokl. Donated facilities are included * the value to the charrty where this can be quantified and a third party 15 bearing the cost. No amounts are induded in the financial slalemenl$ for services donated by vojunleers. Incc4ne tax recoverable in relatron lo donalnS received under Gfft Aid or deeds of covenant is renISed at the time of the don'on. Income lax recoverable in relth'on to inveslment irrne is recognised at the time the investrnent income is receivable. Page11
The People's Kitchen Limited Notes to the financial statements Year ended 31 December 2022 Accounting poficies {continued} 1.4 Expenditu Expenditure is recognised once there is a legal OT eonslTUCtwe obligation to transfer economic benefrt to a third paty. it is piobable that a transfer ol econom benefts will be required in settkment and the amount of the cklvJation Can be measured relBbly. All expenditure is accounted for on an ac¢rual$ basis and has been included under expense categorie5 that aggregate all costs for alkxaIn to actNits. Where costs cannot be directly attribLrted lo partulaT a¢livibes they have been allocated on a basis consistent wrth the use of resources. Support Costs are those costs incurred directty in support of expendrture on the objects of the charty, in¢liKJing those incurred in COnnectn wrth the admini$tfatKin of the compary and compliance with C¢)nstrtuti¢)nal and statutory requirements. All resourees expended are inclusive of KrecOvtr VAT. Expenditure on charitable tIvItieS is inCued on direclFy undertaking the actNilie5 which further the charty's objectives. as well as any asscKiated support costs. 1.5 Intanglble assets and amortisation ArnortisatK)n is prowded on the fokwing basis" Websrte 25 % strap3ht line Intangible assets are slated at cost less accumulated amortisation and accumuialed impaimienl bsses. Amorttsation is provided on dl intangbble assets so as to write off the cost of an asset over its estimated useful lrfe as folbvts". 1.6 Tangible fixed assets and depreciation Tangible fixed assets are carried at cost. net of depreeiati.on and any provision for impaiment. DepreciatKJn is prov*Jed at rates cakulated to wrrte off the cost of fixed assets, sS their estimated resKlual value. over their expecled uselul INes on the follwThJ bases.. Freehold property Propety improvements Plant and machinery Motor vehicles Computer equipment 2% strawJht hne 15•A on reduang balance 15% on reducing balance 25% on redu¢ing balance 33•A straight Isne 1.7 Interest receivabl• Interest on funds hekl on deposit ts irKluded when receivab and the amount Can be measured re.ablY by Ihe chafrty," this ts rmIty upon nOttIOn of the interest paid or payable by the Bank. 1.8 Debto Trade and other debtors are recc43nised at the settknient amount after any trade discount offered. Prepayments are valued at the amount prepakl net of any trade discounts due. Page 12
The People's Kitchen Limited Notes to the financial statements Year ended 31 December 2022 Accounting policies {continued) 1.9 Currgnl asset Investments Current asset investrnents are cash equivalent5 on de&x)sit with a maturity of more than three months from the dale of the ¢)pening of the deposrt or similar account. 1.10 Cash at bank and in hand Cash at bank and in hand includes cash and short-lemi highty liquid investments wlh a short maturity of three months or less from the date of acquisrtN)n or opening of the deposrt or similar count. 1.11 Llabilities and provi5ion5 Lobilth'es are recognLsed when there is obl&atth at the balan¢e sheet dale as a result of a past event, it is probable that a transfer of econcrfnic benefrt wll be wuired in settlement, and the nounl of the settlement can be estimated reliably. L¢abilrties are reec>Jnised al the amount that the charity anticipates it 11 pay to settle the debt or the amount rt has received as advanced payments for the goods or servKes (( must prov#Je. 1.12 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Iruslees in furtheranee of the general objectives of the chanty and lch have not been designated for other purposes. Oesignaled funds e¢Jmwtse unrestricted lunds Ihal have been set aside by the trustees for partKular purposes. The aim and use of each deswnaled fvnd is sel out in the notes lo the financial stslements. Investment income. gains and losses are albxated lo the approprkale fund. 1.13 Critiul ac¢ounting estimates and areas of judgment Eslimales and jL*Jgments are continually evaluat&J and are based on histor1 experience and other factors. including expetstions of future events that are beIVed to be reasonable under the circumstances. Gifts in kind donated for distribution are included in the stslement of financial actNities at a reasonable eslinale of their value al the time they are utIlRd by the chanty. In preparing these financial stalemenls the trustees do rwx consider there were any other eslimales or sKJnificanl areas ofjudgmenl that were required in app.ftg the charrtls accounting ptslicies as sel out abjve. Page 13
The People's Kitchen Limited Notes to the financial statements Year ended 31 December 2022 Incomg from donalions and legacies Unrestricted funds 2022 Total funds 2022 Total funds 2021 General voluntary donatnS - cash General volLtntary donations - goods 720.787 32.424 720.787 32.424 501,383 50.000 Total donations 753,211 753.211 551,383 Total 2021 551.383 551,383 Investmenl Income Unrestricted funds 2022 Total funds 2022 Total funds 2021 Bank and curnent asset interest r&eNable 2.143 2.143 5.241 Totsl 2021 5.241 5.241 Analysis ol expenditure by activities undertak•n directly 2022 Support ¢osts Total funds 2022 Total fund$ 2021 2022 supp prwded to fndS 493.309 3.420 496,729 436.036 Total 2021 432,8 3,180 436,036 Page 14
The People's Kitchen Limited Notes to the financial statements Year ended 31 December 2022 Anatysi5 of expenditure by activitie5 {continued) Anatysis of direct Costs Total funds 2022 Total funds 2021 Provision of fo)d and dolhing- wrchased Provision of frtsj and dothing- donated Depreciation and an$atIOn 425.594 32.424 35.291 343,936 50,000 38,920 493.309 432,856 Analysis of support Costs Total funds 2022 Total funds 2021 Independent exanination fee 3,420 3.180 No trustees received any remunerats"on. beneffts or reimbursement of expenses for their seN¢es to the charity dunng the year12021.' £nill. The charrty has no employees. Key rnanagement personnel Key management personnel are deemed to be those having authorty and responsibilty for planning, directing and controlling the aclNlties of the charty. During 2022 the key management personnel comprised the board of trustees. Consequently the totsl employee beneffts of the key management personnel of the chwity were £nil {2021." £niD. Page 15
The People's Kitchen Limited Notes to the financial statements Year ended 31 December 2022 Intangible assets Website Cost Al 1 January 2022 12,900 Al 31 Oecember 2022 12.900 Amortisation Al 1 January 2022 Charge for the year 2,150 3.225 Al 31 December 2022 5,375 Net book value At 31 Deeember 2022 7.525 Al 31 December2021 10.750 Page 16
The People's Kitchen Limited Notes to the financial statements Year ended 31 December 2022 Tangible fixed assets Property improv'nts Freehold Plant and property machinery Motor Computer vehicles equipment Total Cost At 1 January 2022 538.957 426.017 154.088 76,043 13,962 1,209,067 Al 31 December 2022 538.957 426.017 154.088 76,043 13.962 1.209.067 Depreciation At 1 January 2022 Charge for the year 433,084 15.881 146,683 8,520 126.292 4.169 62.059 3.496 13.962 782,080 32.066 At 31 December 2022 448,965 155,203 130.461 65.555 13.962 814,146 Net bt)ok valu• At 31 December 2022 89.992 270.814 23.627 10 394,921 Al 31 December 2021 105.873 279.334 27,796 13.984 426,987 Page 17
The People's Kitchen Limited Notes to the financial statements Year ended 31 December 2022 Oebt¢xs 2022 2021 Grft ak 35.000 11.266 35.000 11,984 PpaYMentS arKI aecrued income 46.266 46,984 Curnt asset Investrnents 2022 2021 Cash equivalents on (W)sit 970.OTI 920,308 Credilols: amounts laning due withln one year 2022 2021 Accruals and deferred income 6,364 5.678 Page 18
The People's Kitchen Limited Notes to the financlal statements Year ended 31 December 2022 10. Statement of fund$ Statement of funds- Current year Balance at 31 Dècember 2022 Balance at 1 January 2022 Transfers inlout In¢om• Expendilure Deslgnated funds Building improvement fund Capital fund Weware fun*J 200,000 424,837 loo,000 2.150 300,000 394,921 20,000 132,0661 644,837 132,0661 102,150 714,921 General funds Generaj funds 1.050.538 755.354 1464.6631 {102.150} 1.239,079 Tolal Unres¢rKted funds 1.695,375 755.354 1496,7291 1,954,000 Page 19
The People's Kitchen Limlted Notes to the financial statements Year ended 31 December 2022 10. Statement of funds {continued) Statement of funds- prior year Balance al 31 December 2021 Baknce at 1 January 2021 Inccffie Expenditure Designated funds Building improvement fund Captsl fund Weware fund 200,000 463.757 20,000 200.000 424.837 20,000 138.9201 683.757 {38,9201 644,837 General funds Genera funds 891,030 556.624 1397,1161 1,050,538 Total Unrestrict•d funds 1.574.787 556.624 (436.0361 1.695,375 11. Reconciliation of net movement in funds to net cash flow from operating activities 2022 2021 Net income for the year (as per Statement of Financ1 AetNities) 258.625 120,588 Adjustments for. Depreeialion charge5 AMortiSat charges Intefesl from investments Decrease in debtors lncreaselldec8$e) in credrtors 32,066 3.225 12.1431 718 36,770 2,150 15.2411 785 13,5471 Net cash Provid by operating activities 292.977 151,505 Page 20
The People's Kitchen Limited Notes to the financial statements Year ended 31 December 2022 12. Analysis of cash and cash equivalents 2022 2021 Cash in hand Notice deposrts (less than 3 months) $41,575 970,077 298.224 920,308 Total cash and cash equivalents 1.511.652 1,216,532 13. Analysis of Changes in nel debt At1 January 2022 Cash flows At31 December 2022 Cash al bank and in harKI LHJuid investments 296.224 920.308 245,351 49,769 $41,575 970,077 1.216.532 295.120 1.511,652 14. Operating lease commitments At 31 December 2022 the charity had commitments to make future minimum se payments under notF cancellable operating leases as flOWs". 2022 2021 Not later than 1 year Later than 1 year and not later than 5 years no 1.300 2,080 16. Related party Iransactions There wefe no related paty transactions in the Current or prior perkyls. Page 21