Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
Registered number: 02808912
Charity number: 1036149
The People's Kitchen Limited
Annual report
Year ended 31 December 2023

Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
The People's Kitchen Limited
Contents
Page
Reference and administrative details
Trustees, report
Independent examinerfs report
Statement of financial activities
Balance sheet
Statement of cash flows
10
Notes to the financial statements

Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
The People's Kitchen Limited
Reference and administrative details
Year ended 31 December 2023
Trustees
Mrs J Boardman
Ms J Harrison
Mr M I Spriggs
Mr K Armstrong
Ms M Pavlou
Ms S Devlin
Mr K S Maloney
Mr J Watson (reS￿ned 31 October 2023)
Mr P Glasgow (appoinled 31 October 2023>
Company reg18tered number
02808912
Chartty reglstered number
1036149
Reglstered offlce
The Alison Centre
56 Bath Lane
Newcastle upon Tyne
NE4 5SQ
Company 8ecrelary
Mr M I Spriggs
Accountants
UNW LLP
Chartered Accountants
Citygate
Sl James, Boulevard
Newcaslle upon Tyne
NE14JE
Bankers
Bardays Bank plc
49-51 Northumbedand Street
Newcaslle upon Tyne
NE17AF
Page 1

Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
The People's Kitchen Limited
Trustees. report
Year ended 31 December 2023
The trustees present their annual report together with the financial statements of the charity for the 1 January
2023 10 31 December 2023. The annual report serves the purposes of both a trustees. reFM)rt and a directors,
report under company law. The trustees confim that the annual report and financial ststements of the charitable
company comply with the currenl Statut(xy requirements. the requ1￿MentS of the charilable companWs
goveming document and the provisions of the Statement of Recommended Practice ISORP) applicable to
charities preparing their accounts in accordance with the Financial Rethyting Standard applicable in the UK and
Republic of Ireland (FRS102) (effective 1 January 2019).
Since the tharity qualifies as small under section 382 of the Companies Act 2006. the strategic report required of
medium and large companies under the Companies Act 20[￿ (Slrategic Re[￿ and Direciors, Report)
Regulalions 2013 has been omitted.
Oblectlves and actlvltl
• Pollcles and objecllvos
The charivs objectNes and principal activities continue to be to provide friendship. ftr)d and clothing to
homeless and vulnerable people (referred to as 'Friends') in Newcaslle upon Tyne and surrounding areas.
In setting objectives and planning for acts"vities. the trustees have given due consKleration to general guidance
published by the Charity Ciynmission relaling to public benefil. induding Ihe guidance 'Public benefit: running
charity (PB2)'.
• Strategles for ach5evlng objectlves
We have 39 years, experience of providing food and friendship to homeless and vulnerable people. We serve
food from our base. the Alison Cenlre. We do not means test and have a truly open-door admittance policy for all
with one caveat Ihal all our Friends adhere to our code of acceptable behaviour. We provide a vitsl lifeline for
people who. for whatever reas￿. find themselves in need of our support. We receive no central govemment or
local aulhority funding and rely entirely on the goodwill of organis8tions arKJ the local community to fund our
essenb'al services.
Our strategy can be summ8ri5ed as:
Earty support: providing a safety net at vulnerable times. Each year. up to 9J,000 hot meals are served and
20,000 items of clothing provided, including access lo sleeping bags, rucksacks, hot showers and toilelries, wilh
60,000 hours of support by over 3CM) dedicated volunleers.
- Building friendship: over 1.01)O vulnerable FrierHJs benefit fr(xn events ￿ganised each >par.
Working together with professional partners arKI Signposti￿ Friends towards essential accommodats'on and
healthcare providers:
Moving towards independent living: this includes our -make a House a Home" initiative and the opportunity to
volunteer at the Alison Centre. Through this journey of engagement, we aim to promote confidence and self-
esteem.
All our work is supported by the loyal regional community whith includes members of the wblic. charitable
foundations and trusts. local businesses. churches. schools and other community organisations. The charity
plays a valuable and unique role in the city s efforts lo meet the needs of homeless and vulnerable people. The
nature of its service offef. open door policy and opening hours complement other services in the city. vh)ilst the
quality of the service provision and the organisation's ability to attract and v￿rk with people who often struggle to
engage with mainslream services are S￿nIfICant achievements.
The charity not only supports Friends to meet their basic needs. it also provides Ihem with a sense of stability in
Page 2

Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
The People's Kitchen Limited
Trustees. report {continued)
Year ended 31 December 2023
Oble¢tlv•s and a¢tlvltl•s (contlnuod>
their lives and a foundation from which Ihey can t)egin kn address their MO￿ complex needs. The support
provided by both volunteers and professional agenc*s is impacting on a ¥Mde range of needs and policylservice
sectors.
• Volunteers
The charity is wn enti￿lY by volunteers.
• Rovlew of actlvltles
Thanks again io our donors and extratydinary volunteers.
"Our Feed a Friend For a FNerf fundraising campaign was again generously supporled by the public. Demand
has grovm considerably wth approximately 300 meals being provhjed daily. This has required a considerable
increase in resources. trf)Ih focmj and volunteers. Food donations have reduced however due to our strong
finances we have been able to buy in more food.
We ran a full Christmas schedule including a street party outside the Alison Cenlre. a Christmas disco and the
tradib.onal table- seryiced Christmas lunch together take-away presents. where we served over 160 meals.
We continued our close c¢￿pera￿"0n and c(wrdination with the City Councl arKI other charits.es and now
implemenl trauma-infonned approaches lo all aspects of our support and welfare. Services in the attend the
charity during our f￿d service. this indudes Plummer Court drug and alcohol addictw services and Changing
Lives
We have also continued to develop supportive relationships with the local business community and now have
comwehensive corporate volunteering programme in place.
This year we put in place an employee assistance programme from Bupa which gives all our volunteers acce&8
to emotional and practical advice and support on a range of l¢)pics.
• Flnanclal revlew
Our income was £784k with total expenditure of £597k. Our unpaid volunteer's payToII equivalent would be
approximately £0.6m. Induded within income and expenditure are gifts in kind of food and dothing estimated at
£45k. The trustees are Satisf￿ with both the perf￿rnanCe in >par and the ￿ar-erKI position.
• Golng concern
As noted above, the charity has perfornied well and continues to adapt its operations in order to continue with its
sepiices. It is anticipated that the voluntary income on which the charity relies may reduce, and the costs of
Providing some aspects of the serwce have r￿en. However. as the charity has a low fixed cost base and
reasonable level of free reserves, the trustees have a reasonable expectalion thal the charity has adequale
resources. held as cash. to continue in operational existence for the foreseeable future. For this reason, they
continue to adopt the going concern basis in preparing the financial statements. Further detsils regarding the
adoption of the going concern basis can be found in the accounting policies.
Page 3

Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
The People's Kitchen Limited
Trustees. report {continued)
Year ended 31 December 2023
• R•urvos pollcy
Recent years have shown that a prudent reser￿ wlicy is vital to the lorlg-tenn security and continuation of the
charity. This is require(I given the recent cost of living increase. parti¢ularty in temis of food and energy cost rises
and the increased demand the chariws services.
The charity has supported and assisted the vulnerable in our community fff over 39 sears and we aim to
maintain and Sirengthen wr support in the regim. Therefore. the irustees consKJer that due to its reliance upon
voluntary donations the charity should airn to retsin the equivalent of an average two years running costs totalling
approximately £1.000.000 as a cushion against the future long-tem risk of a reduction in donations.
As of 31 December 2023. the unrestricted free ￿erVeS (not including fixed assets) amounted 10 £1,738.020. of
vhlich £1.019.470 has been designated iowards future capiial expenditure and a significanl renovalion of the
Alison Centre lo ensure the premises can be adequately maintained and capacity increased lo reflecl the
increased demand. A smaller rect)nfiguration of the Alison Cenlre was considered but the trustees believe a
larger renovalion is needed for the sustsinability of the charity over the longer term.
Despiie the performance in the year. Ihe trustees are mindful of an increasingly challenging fundraising
environment. wthilst demand for support and assistance is growing al an ever-increasing rate and the proposed
renovation of the Alison Centre. Whilsl the charity needs lo explore new and alternative funding slreams. we are
satisfied that the year end position allows the charity lo continue lo work and to develop new wayE of vrforking.
• Plans for the future
As demand for our seThices. and in particular the provision of rneals. has increased substants.ally over the last
few years. the main priorities for the charity are:
- UrKlertaking a substanlial rerK)Vat•￿ of the Alis￿ Centre to provide improved facilities and increased capacity:
Develop Ihe skills of our volunteers through furiher training in 2024 induding the continuation of the reducing
conflicl in the workplace. working in a trauma inf¢)rnied way and first aid inclLKling Naloxone administration;
Conts'nue to Iwild on our relalionship with the City C￿nCil and other charilies IcA*ing after the needs of
vulnerable people and those with complex needs:
Investigate the commissioning of services that would help our Friends e.g. financial help support and sexual
health services.
Structure. governance and management
• Constltutlon
The People's Kitchen Limited is consts"tuted as a company limited by guarantee and is a registered charity
number 1036149. The charity is conlrolled by its goveming document. its memorandum and articles of
association. Each member is liable to contribute £1 on winding up.
Page 4

Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
The People's Kitchen Limited
Trustees. report {continued)
Year ended 31 December 2023
Stru¢tur•. govornan¢• and managom•nt (contInU￿)
• Methtxls of appolntm•nt or 01O¢ilon of trusto0s
The management of Ihe charity is the responsibility of the truslees who a￿ appointed in accordance with the
charity's articles of association. The charity aims lo maintain ils funcli<)ns by recruiting appropriale individuals
vh)0 have Ihe necessary skills and Ictal knowledge. The recruilmenl of trustees is a matter for the board. and
vh)en vacancies arise in either numbers or skill coverage. the trustees will recruit suitable ¢andidates based on
the requirement to have a knowledge of the region. an understanding of and empathy with the charitable sector.
coupled wilh a general reccxJnition of the local needs to help promote the charivs aims. None of the trustees are
entitled lo, nor receive. any remuneralion for their serdices to the charity during the period.
• Pollcles adoptod for the Inducllon and Iralnlng of trusts05
The trustees are familiar with the work of the charity. and new trustees undertake an induction programme where
they are briefed on the aims. objects'ves and olher operats.onal matters of the charity. in addition to their roles and
resFrf)nsibilities.
• Organlsatlonal structure and declslon maklng
The board of trustees on an annual basis review the Sirategy for iaking the charity forward. The trustees. powers
are closely alwned with Charity Commission recommendats'ons.
• Rlsk management
The trustees are satisfied that appropriate prolecb.on systems and checks remain in place in order to mitigale
exposure lo major risks. The charity volunleers are dealing with vulnerable adults and consequently we have
slepped up our training to equip volunteers and team leaders in areas such as safeguarding and to include d
escalation training and mental wellbeing. All ne￿rfY recruited volunteers also undertake a six week induction. All
volunteers have to have a mandatory D8S check. The charity arranges training sessions from oulsourced
industry sperialists in the fields of food hsgiene. safeguarding and first aid. The health & safety manager
continues to review our risk register. policies and procedures.. these include making clear the procedures to be
adopted in risk assessmenl. supervision and inspectbon. consulb'ng and encouraging and ensuring competence.
The Irustees have identified the followng additiorkql areas which present risk at differing levels:
- Donor compassion fats"gue, lo be Mil￿ated thr¢x￿h the development of a marketing stralegy.
- Specialist skills of our volunteer force.
User demand level; the likelihood of this decreasing in the next three years is remote in the light of cuts in local
authority seplices in the sector arKI the effects of the cost of living. We will continue lo review our PR and furKI-
raising to address the very different fundirvJ environment we are now working in.
• Trustoes. Indemnltles
The company has made qualfying third paty indemnity provisions for the benefit of its Irustees. which remain in
force at the date of this feport.
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Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
The People's Kitchen Limited
Trustees. report {continued)
Year ended 31 December 2023
Stat•m•nt of tru$to•s' r•spon$lbllltlos
The trustees (who are also the ￿1￿CtorS of the charity for the purposes of company law) are responsible for
preparing Ihe trustees. report and Ihe financial statements in acwdance with applicable law and United
Kingdom Accounling Standards (United Kingdom Generally Accepied Accounling Practice).
Company law requires the trustees to prepa￿ financial statements for each financial year. Under company law.
the truslees must not approve the financial statements unless they are satisfied that they give a true and fair view
of the state of affairs of the charity and of its incorning resources and applicaii¢)n of resources. including its
income and exwKliture. for that period. In preparin9 these financial staiements. the trustees are required 10:
select suitable aC￿)Unting policies and then apply them consistèntly,
observe the methods and principles of the Charities SORP (FRS 102):
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed. subject lo any material
departures disclosed and explained in the financial statements:
prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume that the
charity wll contlnue In business.
The trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the
charity's transactions and disclose with reasonable accuracy at any time the financral Fosits'on of the charity and
enable them to ensure that the financial statements comply with the Companies Act 2006. They are also
respjnsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Approved by order of the tnernbers of the board of trustees on 26 September 2024 and swned on their behalf by.
A(OC2SSA1QAi$4ES
Mr K S Maloney
Trustee
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Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
Independent examinerfs report
Year ended 31 December 2023
Independent examlnerfs rei>ort lo the truslees of The People's Kltchen Llmlted (Ihe charlty?
I rep)rt to the charlty trustees on my examination of the accounts of the charity for the year ended 31 December
2023.
Responslbllltles and bas18 of report
As the trustees of the charlty (and Sts directors for the purposes of company law) >fju are responsible for the
preparation of the accounts in accordance with ￿ requirements of the Companies Act 2006 ('the 2LK)6 Act,).
Having satisfied myself that the acccxjnts of the charity are not required to be audrted under Part 16 of the 2006
Act and are eligible for independent examination, I rep)rt in respect of my examination of the charlty's accounts
carrled out under section 145 of the Charities Act 2011 ('the 2011 Act.). In carrying out my examination I have
followed the Directs"ons given by the CharTty Commission under section 145{5)(b) of the 2011 Act.
Independent examinerfs Statoment
Since the charitsls oross income exceeded £250,000 your examiner must be a membef of a body listed Sn
section 145 of the 2011 Act. I confim thal l am qualified to undertake the examination because l am a member
of ICAEW, which is one of the listed bodies.
I have completed my examlnation. I confinn that no matters have come to my att8ntlon In connectlon wlth the
examination giving me cause to believe..
accounting records were not kept in respect of the chaiity as required by section 386 of the 2006 Act., or
the accounts do rK)t acc(Yd wlth those rec(Kds: or
the accounts do not comply with the acc(xJnts'ng requirements of seckn 396 of the 2006 Act other than
any requirement that the aCC￿nts give a 'tru8 and fairf v18w which is not a matter considered as part of
an independent examination; or
the accounts have not been prepared in accordance with the methods and prlnciples of the Ststement of
Recommended Practice for accounting and reporting by charrties lapplicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examinallon lo which
attention should be drawn in this report in order lo enable a proper understanding of the accounts lo b8 reached.
This report Is made solely to the charitys trustees, as a body, In accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so thal I might state to the charity's
those matters l am required to state to them in an independent examiner's report and for no other purpose. To
the fullest exlent permitted by law. I do not accept or assume resFrf)nsibility to an￿ne other than the charity and
the chadtys trustees. as a body, for my or for this repo
Signed".
Dated: 26 September 2024
Bsc FCA DChA
C487
Anne
owe
UNW LLP
Newcastle upon Tyne
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Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
The People's Kitchen Limited
Statement of financial activities (incorporating income and expenditure account)
Year ended 31 December 2023
Unrnstrlcted
funds
2023
Rostrlcted
funds
2023
Total
fund8
2023
Total
funds
2022
Note
Income from:
Donalions
754,474
18.112
11.883
766,357
18.112
753.211
2.143
Investrnent income
Totsl Income
772,586
784,469
755,354
Expenditure on:
Charitable activities
595,096
1,883
596,979
496.729
Total expendlture
595,096
1.883
596,979
496.729
Net movement In funds
177.490
10.000
187,490
258,625
Re¢onclliation of funds:
Total funds brought forward
1.954,000
1,954,000
1.695,375
Total funds carried forward
2.131.490
10,000
2,141,490
1.954,000
All furNYs in both years ar8 unrestricted.
The notes on pages 11 to 21 form part of these financial statements.
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Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
The People's Kitchen Limited
Balance sheet
At 31 December 2023
2023
2022
Note
Flxed assets
Inlangible assets
Tangible assets
4,300
399,170
7.525
394,921
403.470
402.446
Current assets
Debtors
48,414
1,486,155
210,679
46,266
970,077
541,575
Current asset investments
Cash al bank and in hand
1.745.248
1.557.918
Credilors: amounts falling due within one
par
(7,228)
(6.364)
Net current ass•ts
1,738.020
1,551,554
Total net a88et8
2,141,490
1.954,000
Charity funds
Restricted funds
Total unrestricted funds
10
10
10,000
2.131.490
1.954,000
Total funds
2,141,490
1,954,000
The charity was ents.tled to exemption from audit under sects(xi 477 of the Companies Act 2006.
The members have not required the c(xnpany to obtain an audit for the year in qUes￿n in accordance with
sects'on 476 of Companies Act 2006.
The trustees acknowledge their responsibiliti'es for compl>ryng with the requirements of the Act with respo￿ to
accounting records and preparation of financial staiernents.
The financial statements have been prepared in acccKdance with the provisions applicable io ents'ts'es subject to
the small companies regime.
The financial ststemenis were approved and aUtI￿lSe￿ fly issue by the trusiees on 26 September 2024 and
signed on their behalf by:
A-.￿￿$5￿1￿Au4Es
AC455￿￿D￿IC
Mr K S Maloney
Trustee
Ms M Pavlou
Trustee
Regislered number: 02808912
The notes on pages 11 to 21 form part of these firkgncial statements.
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Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
The People's Kitchen Limited
Statement of cash flows
Year ended 31 December 2023
2023
2022
Cash flows from operatlng actlvltles
Net cash used in operating acb"vities
206,141
292.977
Cash flows from Investlng actlvltles
Interest from investments
Purchase of tangib16 fixed assets
18,112
(39,071)
2.143
Net cash (used In)Iprovlded by Investlng actlvltles
(20,9591
2,143
Cash flows from flnanclng actlvltles
Net cash proVId￿ by financlng actlvltl•s
Change In cash and cash equlvalents In the year
185,182
295,120
Cash and cash equivalents at the beginnirvJ of the ypar
1,511,652
1.216.532
Cash and cash •qulval•nts at the end of the y•ar
1.696,834
1,511,652
The notes on pages 11 to 21 form part of these financial ststements
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Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
The People's Kitchen Limited
Notes to the financial statements
Year ended 31 December 2023
Accounting policies
1.1 Basls of preparatlon of financlal statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) -
Accounting and Reporting by Charities.. Siatement of Recommended Practice applicable lo charities
preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in Ihe UK
and Republic of IrelarKI IFRS 102) (effective 1 January 2019>. the Financial Reporting Standard
applicable in Ihe UK and RepublK of Ireland (FRS 102) arKI the Companies Act 2006.
The People's Kitchen Limited meets the definition of a public benefit entity under FRS 102. Assets
and liabilits.es are initially recc#Jnised at historical cosl or transaction value unless othewse ststed in
the relevant accounting pdicy.
Company slatus
The charity is a company limited by guarantee. The members of the c¢ynpany are the trustees named
on page 1. In the event of the charity being up. the liability in respect of the guarantee is
limited to £1 per member of the charity.
1.2 Golng concern
The financial stslements have been prepared on a going concem basis.
As set out in the Trustees. report, the trustees have considered the current risks faced by Ihe charity
and all factors they believe might reasonably impact upon the future outlook of the charity. Whilsl
future income slreams are uncertain, the charity has a relatively low fixed cost base and adequate
resources. held as cash, lo allow it to continue in operational existence for the foreseeable future. As
a result, the trustees consider that the going concem basis remains appropriate for the preparation of
these financial statements.
1.3 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income
will be received and the amount of income receivable can be measured reliably.
Gifts in kind donated for distribution are included at valuation and recognised as income when they
are distributed to the projects. Grfts donated for resale are included as income when they are sold.
Donated facilities are included at the value to Ihe charity where this can be quantified and a third
party is bearing the cost. No amounts are induded in the financial statements for services donated by
volunteers.
Income tax recoverable in relalion to donations received under Gift Aid or deeds of covenant is
recognised at the ts.me of the donaticm.
Income tax recoverable in relation to inv8strnent income is recognised at the time the investment
incorne is receivable.
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Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
The People's Kitchen Limited
Notes to the financial statements
Year ended 31 December 2023
Accounting policies (continued)
1.4 Expenditure
Expenditure is recognised once there is a legal or construclive obligation to transfer economic benefrt
to a third paty. it is probable that a transfer of economic benefrts will be required in settlement and
the amount of the obl￿allOn can be measured reliably.
All expenditure is accounted for on an accruals basis and has been included under expense
categories that aggregate all costs for al1¢Xati￿ to activities. Where costs cannot be directly
attributed to particular activities they have been allocated on a basis consistent with the use of
resources.
Support costs are those costs incurred direcuy in support of expenditure on the objects of the charity,
including those incurred in connection with the administration of the company and compliance with
constitutional and statutory requirements.
All resources expended are inclusive of irrec￿erable VAT.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
charity's objectives. as well as any associated support costs.
1.5 Intangible assets and amortisation
Amortisation is provided on the followirKJ basis:
Website
25 % straight line
Intangible assets are stated at cost less accumulated amortisation and accumulated impaimient
losses. Amortisation is provbded on all intangible assets so as to write off the cost of an asset over its
estimated useful life as follows:
1.6 Tangible fixed assels and depreciation
Tangible fixed assets are carried at cost, net of depreciation and any provision for impaimient.
Depreciation is provKled at rates calculaled to write off Ihe cost of fixed assets. less their estimated
residual value. over their expected useful lives on the followirvJ bases..
Freehold property
Property improvements
Plant and machinery
Motor vehicles
Computer equipment
2% straight line
15% on reducing balance
1 SQA on reducing balance
25QA on reducing balance
339A straight line
1.7 Interest rtteivable
Interest on funds held on deposit is ir￿lUded when receivable and the amount car) be measured
reliably by the charity, this is nom)ally upon r￿lifiCatIon of tre interest paid or payable by the Bank.
1.8 Debtors
Trade and other debtors are recognised at the settlement amount after any Irade discount offered.
PrepayThents are valued al the amcMJni prepaid net of any trade discounts due.
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Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
The People's Kitchen Limited
Notes to the financial statements
Year ended 31 December 2023
Accounting policies (continued)
1.9 Current assel investments
Current asset investments are cash equivalents on deposit with a maturity of more than three months
from the date of the opening of the deposit or similar account.
1.10 Cash at bank and in hand
Cash at bank and in hand indudes cash and short-term highly liquid investrnents with a short maturity
of three months or less from the date of acquisilion (x opening of the deposit or similar account.
1.11 Liabilities and provisions
Liabilities are reccgnised when there is an obligation at the balance sheet date as a result of a past
event, it IS Pfobable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity
anticipates it will pay to settle the debt or the amount it has received as advanced pasrynents for the
goods or seThfjces it must provKIe.
1.12 Fund accounting
General funds are unrestricted funds vthich are available for use at the discretion of the trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
Restricted funds are funds are to be used in accordance with specific restrictions impjsed by
donors Of which have been raised by the charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set oul in the notes to the financial statements.
Investment income, gains and losses are alk)cated to the appropriate fund.
1.13 Critical accounting estimates and areas of judgment
Estimates and judgments are continualty evaluated and are based ￿ historical experierlce and other
factors. including expeclations of future evenls that are believed to be reasonable under the
circumstances.
Gifts in kind donated for distribution are induded in the statemenl of financial activities at
reasonable estimale of their value at the time they are utilised by the charity.
In preparing these finanual statements the trustees do not consider there were any other estimates
or significant areas of judgment that y￿re required in applying the chartys accounting policies as set
t above.
Page 13

Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
The People's Kitchen Limited
Notes to the financial statements
Year ended 31 December 2023
Income from donations and legacies
Unrestricted Restricted
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
General voluntary donations - cash
General voluntsry donations - gcy)ds
709,474
45,OCK)
11,883
721,357
45,000
720,787
32.424
Total donatlons
754.474
11.883
766,357
753.211
Totsl 2022
753,211
753,211
Investment income
Unrestricted
funds
2023
Total
funds
2023
Totsl
funds
2022
Bank and current asset interest receivable
18.112
18.112
2,143
Total 2022
2.143
2.143
Page 14

Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
The People's Kitchen Limited
Notes to the financial statements
Year ended 31 December 2023
Analysis of expenditure by activities
Activities
undertaken
directly
2023
Support
costs
2023
Total
funds
2023
Total
funds
2022
Support provided to friends
593.559
3.420
596,979
496.729
Total 2022
493,309
3,420
496,729
Analysis of direct costs
Total
funds
2023
Total
funds
2022
Provision of food arKI dothiThJ - purchased
Provision of f(MJd and dothing - donated
Depreciation and amortisation
510,512
45,000
38,047
425,594
32.424
35,291
593,559
493,309
Analysis of support Costs
Total
funds
2023
Total
funds
2022
Independent examination fee
3,420
3,420
No trustees received any remuneration. benefits or reimbursement of expenses for their serrfices to the
charity during the year (2022: £nil). The charity has no employees.
Key management personnel
Key management personnel are deemed to be those having authority and responsibility for planning.
directing and controlling the activities of ihe charity. During 2023 the key managemenl personnel
comprised the b)ard of trustees. Consequenuy the total employee benefits of the key management
personnel of the charity were £nil (2022.. £nil).
Page 15

Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
The People's Kitchen Limited
Notes to the financial statements
Year ended 31 December 2023
Intsngible assets
Website
Cost
At 1 January 2023
12,900
At 31 December 2023
12,900
Amortlsatlon
At 1 January 2023
Charge lor the yEar
5,375
3,225
At 31 December 2023
8,600
Net book value
At 31 December 2023
4,300
At 31 December 2022
7,525
Page 16

Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
The People's Kitchen Limited
Notes to the financial statements
Year ended 31 December 2023
Tangible fixed assets
Property
improv'nts
Freehold Plant and
property machinery
Motor
Computer
vehicles equipment
Total
Cost
At 1 January 2023
Additions
538,957
426,017
154.088
76,043
39.071
13.962 1.209,067
39,071
At 31 December 2022
538.957
426.017
154.088
115.114
13.962 1.248,138
Depreciation
At 1 January 2023
Charge for the ￿ar
448,965
13,499
155,203
8.520
130,461
65,555
9.259
13,962
814,146
34,822
At 31 December 2023
462,464
163,723
134,005
74,814
13,962
848,968
Net book value
76,493
262,294
20,083
40.300
399,170
At 31 December 2023
At 31 December 2022
89.992
270.814
23.627
10.488
394.921
Page 17

Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
The People's Kitchen Limited
Notes to the financial statements
Year ended 31 December 2023
Debtors
2023
2022
Gift aid
Prepayments and accrued income
35,000
13.414
35.000
11.266
48,414
46,266
Current asset Investments
2023
2022
Cash equlvalents on dep)stt
1,486,155
970,077
Creditor5: amounts falling due withln one year
2023
2022
Accruals and deferred income
7,228
6,364
Page 18

Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
The People's Kitchen Limited
Notes to the financial statements
Year ended 31 December 2023
10. Ststement of funds
ststement of funds - current year
Balance at
31
December
2023
Balance at 1
January
2023
Transfers
inlout
Income Expenditure
Designated funds
Building improvement fund
Capital fund
Welfare fund
300,000
394.921
20.000
320,1)00
39,371
620,000
399.470
20.000
134,822
714,921
(34.822)
359,371
1,039,470
General funds
General Funds
1,239.079
TT2.586
{560.274) (359.371) 1,092.020
Total Unrestricted funds
1.954,000
772,586
{595.096)
2.131,490
Restricted funds
Community Foundat
Zurich
1,883
10,000
{1.883)
10,000
11,883
(1,883
10,000
Total of funds
1.954,000
784,469
{596,979
2.141,490
Page 19

Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
The People's Kitchen Limited
Notes to the financial statements
Year ended 31 December 2023
10. Ststement of funds (continued)
ststement of funds - prior year
Balance at
31
December
2022
Balan￿ at
1 January
2022
Transfers
inlout
Income Expenditure
Designated funds
Building improvement fund
Capital fund
Welfare fund
200,C
424.837
20.000
100,000
2.150
300,000
394.921
20,IY)O
(32,066)
644,837
(32,066)
102,150
714,921
General funds
General Funds
1.050,538
755,354
(464,663) (102,150) 1.239,079
Total Unrestrlctod funds
1,695.375
755.354
(496,729)
1,954.000
11. Reconciliation of net movement in funds to net cash flow from operating activities
2023
2022
Net income for the sear (as per Ststement of Financial Actsvibes)
187,490
258.625
Adjustments for:
DepreciatM)n charges
Amortisation charges
Interest from investments
{Increasey decrease in debtors
Increase in creditors
34,822
3.225
(18,1121
(2,148)
864
32,066
3.225
(2,143)
718
486
Net cash provided by operating activities
206,141
292.977
Page 20

Docusign Envelcyg 10: CwC3F7.3F9447EB-9D7t￿28DC60DEo83
The People's Kitchen Limited
Notes to the financial statements
Year ended 31 December 2023
12. Analysis of cash and cash equivalents
2023
2022
Cash in hand
Notice deposits (less than 3 months)
210,679
1.486,155
541,575
970.077
Totsl cash and cash equivalents
1.696,834
1.511,652
13. Analy858 of change8 In net debt
At31
December
2023
January
2023 Cash flows
Cash at bank and in hand
Llquld investments
541.575
970,077
(330,896)
516,078
210,679
1,486,155
1,511,652
185,182
1,696.834
14. Operating lease Commitmen15
At 31 December 2023 the charity had cornrnitrnents to make future minirnum lease pa￿ents under non-
cancellable operating leases as follows:
2023
2022
Not later than 1 year
Later than 1 year and not later than 5 years
780
520
780
1,300
1.300
2.080
15. Related party transa¢tlons
There were no related paty transactions in the currert or prior periods.
Page 21