Registered number: 02808912
Charity number: 1036149
The People's Kitchen Limited
Annual report
Year ended 31 December 2022
'ACCFYNFC*
2010912023
C(*APANIES HOUSÈ
#loo

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 Pa￿OU
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 I￿SIgned 6 April 20221
Company regl$tered number
02808912
Charity registered number
1036149
Registered offic•
The Alison C￿tre
56 Bath Lane
Newcastle upon TyT)e
NE4 5SQ
Company secretary
Mr M I Sprwg$
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 cUr￿n1 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 SeCt￿n 382 of the Companie5 Act 2CQ6. the strategic report required
of medium and large cOmpan￿S under the Companies Act 20(￿ {Strategic Report and Directors, Reporti
Regulat￿nS 2013 has been omrfted.
ObJ•ctives ¥nd aetivitles
• Poli¢i•s and Obl￿tIVeS
The charws objectNes and principal activities continue lo prov*Je 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 actNIt￿S. the In151ees have 9iven due ￿SideratIon lo gener81 guidance
published by the Ch*ty 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 hOMe￿sS and vulnerable people. We
serve f¢X￿ from our base. the Alison Centre. We do not means test and have a tru￿ ￿en￿l00r 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. rUck￿ks, 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 IT￿n9 and signposting
friends towards essents.al acCommodat￿n and healthcare providers.
Moving toward5 independent IMng- provision of cpportunrties, events, and the opportunity lo volunteer to
help to find full lime empl￿ent. 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 ￿n￿ue 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 serV￿S in the Cty. while the
qualty ol the service provisKJn and the Organi￿lOn,5 abilty to attr¥t and work with people who often struggle to
engage with mainstream seM¢es are signrftant a¢h￿ents.
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 fr￿ndatIon from which they can begin lo addres5 their more complex needs. The
support provided by both volunteers and profes$K•nal agencies is impacting ￿ a wde range of needs and
policylservice sectors.
• Volunteers
The charty is run entirely by volunteers.
. Review of activities
Thank5 ￿aITr lo rAr donors and extraordinary NKJlunleers. the charity has had another very g¢)od year.
Demand has grown considerably wrth over 200 meals b￿"ng provided daity, sometwnes LP lo 300. This has
required a consKlerable increase in resour￿. both fI￿d and vc4unleers.
Food donations have reduced". however. due to our strong finances we have been able to buy more food. We
ran a full Christmas schedule including a street paty OUts￿e the Alison Centre. a Christmas disco and the
traditional table service Christmas lunch t¢)Jether ¥￿h tske-away presents, ￿ere we served over 130 meals,
which was an increase of 40%.
We continued our close coyation and ctrordinab'on vnth the City Council and other charilies and implement
Irauma-inforrned approaches lo all aspects of our support arKI welfare. SeN￿s in the eity attend The peop￿.$
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-nvigor*ed 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 year*nd 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 Operath￿al 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
adOpt￿n of the goiThJ C￿cern 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 appro￿matety £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 rese￿eS (not including fixed assets) amounted lo £1.551,554. of
which £300,000 has been des￿nate<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 chaI￿n91ng 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 fUrt￿r training in 2023 including reducing Cc￿(11Ct bn the
workplace, working in a trauma infomied way, first atd including Na￿x(￿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 part￿UlarlY in the
fields of mental heatth and addicknon and explore the commissionirrfj of seThices lo help with this.,
Investl9ate Ihe C￿MiSSIOn1n9 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 Peo￿e'S Kitchen Limited is constituted as a company limited by gUar￿lee 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 ￿sponS￿l11ty 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 knO￿edge. 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￿ recogn￿ort 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 respons*Jilth"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 fr￿n 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 Pr￿edUreS 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 wh￿h 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 I￿h1 of cuts in
I￿al 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 st*e of affairs of the charity artd of rts in¢Crtning resources and application ot resources. including its
In￿Me 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 examin*1￿ 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$fEd rny5eif that the accounls of the charty ¥e not required lo be audrted under Part 16 of the 2006
Act and are eligible for independent examinabon. I report in respect of my examination of the charity's accounts
carried OLrt un¢Jer section 145 of the Charit*s Act 2011 Ilhe 2011 Acri. In carrying out my examination I have
followed the Directions given by the Charity Commission under Sedi¢￿ 145{Sllbl of the 2011 Act
Independent examinerfs ststement
Sinee the eharitys gross income exceeded £250,000 your examiner musl be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualffied to undetske the examination because l am a member
of ICAEW, which is one of the listed bodies.
I have completed my examination. I ¢￿TI[M that no matters ha* ccrfne to my attention in conneclion %Mth the
examinati¢)n gniing rne cause to telieve..
a￿oUntIng records were not kept in respect of the ch* as required by section 386 of the 2006 Act., or
the accounts do not xwrd with those record$'. or
the ac￿unIS do not cc4nply with the accountsng requirements of s￿li0n 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 p￿pared 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 Financ￿1 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 bc*Jy. for my vth or for this repo
Signed:
D*ed: 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 UnTe5tr￿ted.
The notes on pages 11 to 21 fonn part of these financi* st*ements.
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 cOm￿Y to c*lain an audrt for the year in questhM in aceordance %wth
se¢tKJn 476 of C¢2mpanies Act 20C6.
The trustees acknTh￿edge their ￿$￿)n$(OllI￿eS 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 equiva￿￿15 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 h￿th 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 re￿vant 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 I￿10[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 ValUat￿n 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 donal￿nS received under Gfft Aid or deeds of covenant is
re￿nISed at the time of the don*'on.
Income lax recoverable in relth'on to inveslment ir￿rne 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 ck*lvJation 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 alkxaI￿n to actNit*s. Where costs cannot be directly
attribLrted lo part￿ulaT 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 COnnect￿n 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 inCu￿ed 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 r￿mI￿ty upon nOt￿￿tIOn 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 histor￿1 experience and other
factors. including expetstions of future events that are beI￿Ved 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 utIl￿Rd 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 donat￿nS - 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 f￿ndS
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
P￿paYMentS arKI aecrued income
46.266
46,984
Cur￿nt 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 Financ￿1 AetNities)
258.625
120,588
Adjustments for.
Depreeialion charge5
AMortiSat￿ charges
Intefesl from investments
Decrease in debtors
lncreaselldec￿8$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 f￿lOWs".
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