tioujsign Envelope ID.. 72059F5E-74EC44B&8CD9-34E1792933A1 Registered number: 02808912 Charity number: 1036149 The People's Kitchen Limited Annual report Year ended 31 December 2024 *AEC48HFN• 2910912025 COMPANIES HOUSE A28
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Oocusign Envelope ID.. 72O59FSE-74EC4488-8C034E1792933Al The People's Kitchen Limited Contents Page Refence and administrative details Trustees, report Independent examiner's Teport Statement of financial activities Balance sheet Statement of cash flows 10 Notes to the financial statements
Docusign Envelope ID.. 72059F5E-74EC44B&BCD9-34E1792933A1 The People's Kitchen Limited Reference and administrative detalls Year ended 31 December 2024 Trustees Mrs J Boardman Ms J Harrison Mr A Cunningham (appointed 23 October 2024) Mr K Amstrong Ms M Pavlou Ms S Devlin Mr K S Maloney MT P Glasgow {resigned 30 June 2024) Mr M I Spriggs (resigned 31 December 2024) Company registered number 02808912 Charity registered number 1036149 Roglstered offlce The Alison Centre 56 Bath Lane Newcastle upon Tyne NE4 5SQ Accountant8 UNWLLP Chartered Accountants Citygate St James, Boulevard Newcastle upon Tyne NE14JE Bankers Barclays 8ank plc 49-51 Northumberland Street Newcastle upon Tyne NE17AF Page 1
ocusign Envelope ID.. 72059F5E-74EC4488-BCD&34E1792933A1 The People's Kitchen Limited Trustees. report Year ended 31 December 2024 The trustees present their annual report together with the financial statements of the charity for the year ended 31 December 2024. The annual report serves the purposes of both a trustees, report and a directors, report under company law. The trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance wrth Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) (effeclive 1 January 2019). Since Ihe charity qualifies as small under section 382 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Objectlves and actlvltles Pollcles and objectlves The charitls objectives and principal activities continue to be the provision of friendship, food and clothing to homeless and vulnerable people (referred to as'Friends') in Newcastle upon Tyne and surrounding areas. In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the Charrty Commission relating to public benefit, including the guidance 'Public benefit.. running a charity {PB2)'. Strategies for achieving objectives We have forty years. experience of providing food and friendship to homeless and vulnerable people. We seThe food and provide additional support services from our base, the Alison Cenlre. We do not means test and have a truly open-door adrnance policy for all with the one caveat that all of our Friends must adhere to our cod8 of acceptable behaviour. We provide a vrtal lifeline for people who, for whatever reason, find themselves in need of our support. We receive no central government or local authorrty funding and rely entirely on the goodwill of organisations and the local community to fund our essential services. Our strategic objectives are: Early support.. providing a safety net at vulnerable times. Each year. some 100,000 hot meals are served and 20,000 items of clothing provided. We also provide access lo sleeping bags. rucksacks, hot showers and loiletries. This ne¢essitates approximately 60,000 houts of support from over 300 dedicated volunteers. Building friendship.. over 1,000 vulnerable Friends benefrt from events organised each year. "Your Futures" programme.. working together with professional partners and signposting Friends towards essential accommodation and healthcare providers., moving towards independent living - provision of opportunities, events, and the opportunity to volunteer at the Alison Centre. Through this journey of engagement, we aim to promote confidence and self- esteem. All of our work is supported by the loyal regional communty which includes members of the public, 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 to meet the needs of homeless and vulnerable people. The nature ol its service offering. open door policy and opening hours complement other services in the city. while the quality of the service provision and the organisation's ability to attract and work with people who often struggle to engage with mainstream SeiceS are significant achievements. The charty not only supports Friends to meet their basic needs,. it also provides them with a sense of stability in their lives and a foundation from which they can begin to address their more complex needs. Page 2
Docusign Envelope ID.. 72059FSE-74EC44B8.8CDg-34E1792933A1 The People's Kitchen Limited Trustees, report (continued) Year ended 31 December 2024 Objectlves and actlvltles Icontlnued) Volunteers The charity is run entirely by volunteers. Review of activities Once again, thanks are due to our donors and to our extraordinary volunteers. Our donors provide financial support and benefits in kind and our corporate sponsors provide some of their staff to assist wrth the daily food preparation process. The support of our volunteers is crucial to Our ongoing activities. Demand for our services continues to grow and we now provide up to 300 meals daily. This has required a considerable increase in resources, both in supplies of food and in volunteers. Food donations have reduced and wider economic pressures have resulted in a fall in cash donations. However, we still benefit from continued public support, particularly from our 'Feed a Friend for a Fiverf campaign, and this, together with our relatively strong financial position, has enabled us to meet the challenges from increased demand. We ran'a full Christmas schedule including a street party outside the Alison Cenlre, a Christmas disco and the traditional table- serviced Christmas lunch together wilh take-away presents, where we seNed over around 130 meals. We continued our close Cowoperalion and co-ordination with the City Council and other charities and now implement trauma-informed approaches to all aspects of our support and welfare. Services in the city attend the charity during our food seniice, this includes Plumrner Court drug and alcohol addiction services, and Changing Lives. Financlal revlew Our income for the year totalled £746k and our expenditure amounted to £735k to produce a surplus of £11k (2023.. £187k). Our unpaid volunteer's payroll equivalent would be approximately £0.7m. Included within income and expenditure are gifts in kind of food and clothing estimated at £45k. Given the increase in demand for our services and the broader economic challenges facing donors and creating upward pressures on costs. particularly on food and energy. the trustees are satisfied with both the performance in the year and the year-end position. Golng concern As noted above, the charity has perfom)ed well in difficult circumstances and continues to adapt its operations in order to continue with its seryices. It is recognised that the voluntary income on which the charity relies may continue to face challenges. and the costs of providing some aspects of the seNice will be subject to inflationary increases. However, as the charity has a relatively low fixed cost base and a reasonable level of free reseNes, the trustees have a reasonable expectation that Ihe charity has adequate resources, held as cash, to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. Page 3
Docusign Envelope ID: 72o59F5E-74Ec44B&BCD34El792933Al The People's Kitchen Limited Trustees, report (continued) Year ended 31 December 2024 Reserves pollcy The charity has supported and assisted the less fortunate in our community for over forty years and we aim to maintain and strengthen our support in the region. Recent years have shown that a prudent reserve policy is vital to the long-temi securty and continuation of a charity. AS of 31 December 2024, the tolal unrestricted free reserves less fixed assets of the charity amounled to £1,775k. of which £620k has been designated towards future capital expenditure and a significant renovation of the Alison Centre. A further £363k is designated to represent amounts tied up in fixed assets, and £20k has been sel aside specifically for future welfare projects. The trustees are mindful of an increasingly challenging fundraising environment but recognise that the demand for support and assistsnce continues to grow. This renovation will ensure that our premises can be adequately maintained and the capacity increased to more efficiently service the increased demand. The trustees consider that due to its reliance upon voluntary donations and, as a cushion against further changes in income, that an amount equivalent to iwelve months cash running cost5 Should be held in liquid funds (as adjusted for designated and restricted funds). Year end reserves exceed this target which is considered satisfactory in an increasingly challenging funding climate. The charty continually explores new and alternative funding streams, and this, together with the robust year end position will allow the charity to continue its work and to develop new ways of working. Plans for the future As demand for our seprfices, and in particular the provision of meals. has increased substantially over the last few years, the main priorities for the charity are to.. Undertake a substantial renovation of the Alison Centre to provide improved, more efficient facilities and increased capacity; Develop the skills of our volunteers through further training including the continuation of courses covering the reduction of conflict in the workplace, working in a trauma infomed way and first aid including Naloxone administration.. Continue to build on our relationship with the City Council and other charities looking after the needs ol vulnerable people and those with complex needs- Investigate the commissioning of services that would help our Friends e.g. financial help support and sexual hearth services. Structure, governance and management Constitution The People's Kitchen Limited is constituted as a company limited by guarantee and is a registered charity, number 1036149. The charity is controlled by its governing document, its memorandum and articles of association. Each member is liable to contribute £1 on winding up. Page 4
ocusign Envelope ID.. 72059FsE-74Ec44B8-BCD34EI792933Al The People's Kitchen Limited Trustees. report (continued) Year ended 31 December 2024 Structure, govemance and management (contlnued Methods of appointment or election .of trustees The management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the trust deed. The charrty aims to maintain ils functions by recruiting appropriate individuals who have the necessary skills and local knowledge. The recruitment of trustees is a matter for the board, and when vacancies arise in either numbers or skill coverage one of the trustees will approach suitable candidates from their contacts, based on the requirement lo have a knowledge of the region, an understanding of and empathy with the charitable sector, coupled with a general fecognilion of the local needs to help promote the charitys aims. None of the trustees are entitled to, nor receive, any remuneration for their services to the charity during the period. Pollcles adopted for tho Inductlon and tralnlng of trustees The trustees are familiar with the work of the charity, and new trustees are encouraged to attend at the charity's registered office where they are briefed on the aims, objectives and other operational matters, in addition to their roles and responsibilities. Organlsatlonal structuro and declslon maklng The board of Irustees regularly review the strategy for taking the charity fomard. The trustees, powers are closely aligned with Charity Commission recommendations, Rlsk manag•m•nt The truslees are satisfied that appropriate protection systems and checks remain in place to mitigate exposure to major risks. The charity volunteers are dealin9 Wlth vulnerable adults and consequently we have stepped up our training to equip volunteers and team leaders in areas SLJch as safeguarding and to include de-escalation training and mental wellbeing. All newly recruited volunteers also undertake a six-week induction. All volunteers have to have a mandatory DBS check. The charitls training manager arranges training sessions from outsourced industry specialists in the fields of food hygiene, safeguarding and first aid, The health & safety manager continues lo review our risk register, policies and procedures,. these include making clear the procedures to be adopted in risk assessment. supervision and inspection, consulting and encouraging and ensuring competence. The trustees have identified the following additional areas which present risk at differing levels: Donor compassion fatigue, to be mitigated through the development of a marketing slrategy. We will continue to review our PR and fund-raising programmes to address the very different funding environment we n¢)w face. 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 seniices in the sector and the effects of increases in the cost of living. Trustees, indemnities The cornpany has made qualifying third-party indemnity provisions for the benefit of its trustees, which remain in force at the date of this report. Page 5
Kiocusign Erwelope ID: 720S9FSE-74EC448&BCD9-34E1792933A1 The People's Kitchen Limited Trustees, report (continued) Year ended 31 December 2024 Statement of trustees, responsibilities The trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Slandards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year. Under company law, the trustees 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 incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statemenls, the trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 102).. make judgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards {FRS 102) have been followed, subject to any material departures disclosed and explained in the financial slalements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's Iransactions and disclose with reasonable accuracy al any time the financial position of the charity and enable them lo ensure that the financial stalemenls comply with the Companies Act 2006. They are also responsible 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 members of the board of trustees on 24 September 2025 and signed on their behalf by.. Slgmd by.. by.. AC4935eDCD264f¢... SCO827A11104484... Ms M Pavlou Trustee Mr K S Malonoy Trustee Page 6
.Docusign Envelope 10.. 72059F5E-74EC4488-BCD9-34E1792933A1 Independent examiner's report Year ended 31 December 2024 Independent examinerfs report to the trustees of The People's Kitchen Llmlted {'the charity'l I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024. Responsibilities and basis of report As the trustees of the Charity (and its directors for the purposes ol company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in resped of my examination of the charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(51{b) ofthe 2011 Act. Independent examlnerfg Statement Since the charity's 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 qualified lo undertake the examination because l am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause lo believe.. accounting records were not kept in respect of the charily as required by section 386 of the 2006 Acl-, or the accounts do not accord with those records., Of the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fairf view which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance wrth the methods and principles of the Statement of Recommended Practice for accounting and reportin9 by charilies lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the charity's trustees, as a body, in accordance wrth Part 4 of the Charities (Accounts and Reports) Regulalion5 2008. My work has been undertaken so that I might state to the charity's those matters l am required lo stale to them in an independenl examinerfs report and for no other purpose. To the fullest extenl pemiitted by law, I do not a¢pt or assume responsibility to anyone other Ihan the charity and the chaTiVs trustees, as a body, for my work or for this report. Signed.. Dated: 24 September 2025 Ocd¢uSlonodtsy. Bsc FCA DChA $9CTt£lC401F45E... Anne Hallowell UNW LLP Newcastle upon Tyne Page 7
,Docusign Envelope ID.. 72059F5É.74EC4488-BCD9-34E1792933A1 The People's Kitchen Limited Statement of financial activities (incorporating income and expenditure account) Year ended 31 December 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations Investment income 665,968 79,923 665,968 79,923 766,357 18,112 Total Income 745,891 745,891 784,469 Expendlture on: Charitable activities 734,602 734,502 596,979 Total exp•nditur• 734,502 734,602 596,979 Net movement in funds 11,389 11,389 187,490 Reconclllatlon of funds: Total funds brought forward 2,131,490 10,000 2,141,490 1,954,000 Total funds carried forward 2,142,879 10,000 2,152,879 2,141,490 The notes on pages 11 to 21 form part of these financial statements. Page 8
ocusign Envelope10'. 720S9FSE-74EC4488-BCD9-34E1792933A1 The People's Kitchen Limited Balance sheet At 31 December 2024 2024 2023 Note Flxed assots Intangible assets Tangible assets 1,075 366,089 4,300 399,170 367,164 403,470 Current assets Debtors Current asset investments Cash at bank and in hand 43,885 1,613,067 132,363 48,414 1,486,155 210,879 1,789,315 1,745.248 cditors.. amounts falling due within one year 13,600 (7,228) Net current assets 1,785,715 1,738,020 Total net assets 2,152,879 2,141,490 Charlty fund8 Restricted funds Total unrestricted funds 10 10 10,000 2.142,879 10,000 2,131,490 Total funds 2,152,879 2,141,490 The charity was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance wrth section 476 of Companies Act 2006. The trustees acknowledge their responsibilities for complying Wlth the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been ppared in accordance with the provisions applicable to entities subject to the Small companies regime. The fir)an¢ial statements were approved and authorised for issue by the trustees on 24 September 2025 and signed on Iheir behalf by.. $l#ned by.. S*TrBd by.. AC4935EOCD264C¢... Ms M Pavlou Trustee 5COB27A111044B4... Mr K S Malonoy Trustee Registered number: 02808912 The notes on pages 11 to 21 fonn part of these financial statements. Page 9
DocUsn Envelope ID.. 720S9F5E-74EC448&8CD9-34E1792933A1 The People's Kitchen Limited Statement of cash flows Year ended 31 December 2024 2024 2023 Cash flows from opefating activities Net cash used in operating activities 131,327) 206,141 Cash flows from invostlng actlvltles Interest from investments Purchase of tangible fixed assets 79,923 18.112 (39,071) Net cagh provlded byl(uged In) Investing actlvltle8 79,923 (20,9591 Change In cash and cash equlvalents In the year Cash and cash equivalents at the beginning of the year 48,596 185,182 1,696,834 1,511,652 Cash and cash equivalents at the end ol the year 1,745,430 1,696,834 The notes on pages 11 to 21 form part of these financial statements Page 10
Doojsign Envelope ID.. 72O59F5E-74Ec-44B&BCD34E1?92g33A1 The People's Kitchen Limited Notes to the financial statements Year ended 31 December 2024 Accounting pollcles 1.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wsth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The People's Kitchen Limited meets the definition of a publi¢ benefit entty under FRS 102. Assets and liabilities are inrtially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. Company status The charity is a company limited by guarantee. The members of the company are the trustees named on page 1 together wrth Colin Herron and Kathey Devlin, who are both volunteers at the charity. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. 1.2 Golng concern The financial statements have been prepared on a going concern basis. As set out in the Trustees, report, the trustees have considered the current risks faced by the Charity and all factors they believe might reasonably impact upon the future outlook of the charity. Whilst future income streams are uncertain, the charity has a relatively low fixed cost base and adequate resources, held as cash, to allow il to continue in operational existence for the foreseeable future. As a result, the trustees consider that the going concern 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. Grfts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included al the value to the charity where Ihis can be quantified and a third party is bearing the cost. No amounts are included in Ihe financial statements for services donated by volunteers. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Page11
ocusign Envelope ID". 72059F5E-74EC4488-8CD944E1792933AI The People's Kitchen Limited Notes to the financial statements Year ended 31 December 2024 Accounting pollcles {contlnued) 1.4 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefrt to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation 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 directly in support of expenditure on the objects of the charity, including those incurred in connection with the adminislralion of the company and compliance wilh constitutional and statutory requirements. All resources expended are inclusive of irrecoverable VAT. Expenditure on charitable activities is incurred on directly undertaking the activities which further the charitls objectives, as well as any associated support costs. 1.6 Intanglble as8•ts and amortlsatlon Amortisation is provided on the following basis.. Website 25 °h straight line Intangible assets are stated al cosl less accumulated amortisalion and accumulated impairment losses. Amortisation is provided on all intangible assets so as to write off the cost of an asset over ils estimaled useful life as follows.. 1.6 TangSble Ilxed assets and depreclatlon Tangible fixed assets are carried at cost, net of depreciation and any provision for Impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases.. Freehold property Property improvements Plant and machinery Motor vehicles Cornputer equipment 20/0 Straight line 15¢+10 reducing balance 1511/0 reducing balance 25Qh reducing balance 330A straight line 1.7 Interest recelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity,. this is normally upon notification of the interest paid or payable by the Bank. 1.8 Debtors Trade and other debtors ar8 recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 12
Docusign Envelope ID.. 72059FSE-74EC4488-BC09-34E1792933A1 The People's Kitchen Limited Notes to the financial statements, Year ended 31 December 2024 Accounllng pollcles (contlnued) 1.9 Current asset 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 includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.11 Llabllltles and provlslons Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be requir8d in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recogni5ed at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or 8epiices it must provide, 1.12 Fund accounting General funds are unrestricted funds which 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 oul in the notes to the financial statements. Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by dor)ors or 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 restricled fund is set out in the notes to the financial slalements. Investment income, gains and losses are allocated to the appropriate fund. 1.13 CrStlcal accounting estimates and areas of judgment Estimatas and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Gifts in kind donated for distribution are included in the statement of financial activities at a reasonable estimate of their value at the time they are utilised by the charity. In preparing these financial statements the trustees do not consider the were any other estimates or significant areas ofjudgment thal were required in applying the charity's accounting policies as set out above. Page 13
t)oeusign Envelope ID.. 72O59F5E-74EC448Co9-34ElT92g33A1 The People's Kitchen Limited Notes to the financial statements Year ended 31 December 2024 Income from donatlons and legacles Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Total funds 2023 General voluntary donations - cash General voluntary donations - goods 620,968 45,000 620,968 45,000 721,357 45,000 Total donatlons 665,968 665,968 766,357 Total 2023 754,474 11,883 766,357 Investment Income Unr•$trlct•d funds 2024 Total funds 2024 Total funds 2023 Bank and current asset interest receivable 79,923 79,923 18,112 Total 2023 18,112 18,112 Page 14
tXicust9n Envelope ID.. 72059F5E-74EC448&BcO34E1792933Al The People's Kitchen Limited Notes to the financial statements Year ended 31 December 2024 Analysis of oxpendlture by activities Activities undertaken directly 2024 Support costs 2024 Total funds 2024 Total funds 2023 Support provided to friends 730.902 3.600 734,602 596,979 Total 2023 593,559 3.420 596,979 Analysls of dlrect costs Total lunds 2024 Total funds 2023 Provision of food and clothing - purchased Provision of food and clothing - donated Depreciation and amortisation 649,696 45,000 36,306 510,512 45,000 38,047 730,902 593,559 Analysls of support costs Total funds 2024 Total funds 2023 Independent examination fee 3,600 3,420 No truslees received any remuneration. benefits or reimbursement of expenses for their seNices to the charity during the year (2023.. £nil). The charily has no employees. Key management personnel Key management personnel are deemed to be those having authorrty and responsibility for planning, directing and controlling the activities of the charity. During 2023 the key management personnel comprised the board of trustees. Cor)sequently the total employee benefits of the key management personnel of the chanty were £nil (2023.. £nil). Page15
Docusign Envelope ID.. 72059FSE-74EC4488-8CD9-34E1792933A1 The People's Kitchen Limited Notes to the financial statements Year ended 31 December 2024 Intanglble assets Webslte Cost At 1 January 2024 12,900 Al 31 December 2024 12,900 Amortlsatlon At 1 January 2024 Charge for the year 8,600 3,226 At 31 December 2024 11,825 Net book value At 31 December 2024 1,075 At 310ernber 2023 4,300 Tangible fixed assets Property Improv'nts Freehold Plant and property machinery Motor Computer vehicles equipment Total Cost At 1 January 2024 538,957 426,017 154,088 115,114 13,962 1,248,138 At 310ecember 2024 538,957 426,017 154,088 115,114 13,962 1,248,138 Depreciation At 1 January 2024 Charge for Ihe year 462,464 11,474 163.723 8,520 134,005 3,012 74,814 10,075 13,962 848,968 33,081 At 31 December 2024 473,938 172,243 137,017 84,889 13,962 882,049 Net book value 65,019 253,774 At 31 December 2024 17,071 30,225 366,089 At 31 December 2023 76,493 262,294 20,083 40.300 399,170 Page 16
Docusi9n Envelope10'. 72059F5E-74EC44B&8CD9-34E1792933A1 The People's Kitchen Limited Notes to the financial statements Year ended 31 December 2024 Debtors 2024 2023 Gift aid Prepayments and accrued income 35,000 8,885 35,000 13,414 43,885 48.414 Current asset Investments 2024 2023 Cash equivalents on deposit 1,613,067 1,486,155 Cfedltors: amounts falllng due wlthln one year 2024 2023 Accruals and deferred income 3,600 7,228 Page 17
DocusKJn Envelope ID.. 72059F5E-74EC448&8C034E1792933Al The People's Kitchen Limited Notes to the financial statements Year ended 31 December 2024 10. Statement of funds Statement of funds- current year 8alanc• at 31 December 2024 Balance at 1 January 2024 Transfers inllout Income Expenditure Designated funds Building improvement fund Capital fund Welfare fund 620,000 399,470 20,000 620,000 366,089 20,000 (33.081) (300) 1,039,470 133,081) (300) 1,006,089 General funds General Funds 1,092,020 745,891 (701,421) 300 1,136,790 Total Unrestrlcted funds 2,131,490 746,891 (734,502) 2,142,879 Restricted funds Zurich 10,000 10,000 Total of funds 2,141,490 746.891 1734,502) 2,152.879 The restricted funds attributable to Zurich are to be used for training purposes. Page 18
l>)citsign Envelope ID.. 72059F5E-74EC4488-BCD9-34E1792933A1 The People's Kitchen Limited Notes to the financial statements Year ended 31 December 2024 10. Statement of funds (continued) Statement of funds - prior year Balance at 31 December 2023 Balance at 1 January 2023 Transfers inlout Income Expenditure Dosignated funds Building improvement fund Capital fund Welfare fund 300,000 394,921 20,000 320,000 39,371 620,000 399,470 20,000 (34,822) 714,921 {34,822) 359,371 1,039,470 General funds General Funds 1,239.079 772,586 (560,274) (359,371> 1,092,020 Total Unrestrlcted funds 1,954,000 772,586 (595,098) 2,131,490 Restrlcted funds Community Foundation 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 The restricted funds attributable to Zurich are to be used for training purposes. Page 19
1)tseL19n Envelope ID.. 72o59FSE-74EC4488_BCD34E1792933Al The People's Kitchen Limited Notes to the financial ststements Year ended 31 December 2024 11. Reconciliation of net movement in funds to net cash flow from operating actlvities 2024 2023 Net income for the period (as per Statement of Financial Activities) 11,389 187,490 Adjustments for: Depreciation Charges Amortisation charges Interest from investments (Increase)Idecrease in debtors Increasel(decrease) in creditors 33,081 3,225 179,923) 4,529 (3,628) 34,822 3,225 (18,112) (2,148) 864 Net cash provlded byl{used In) operating actlvltles (31,327) 206,141 12. Analysls of cash and cash equlvalents 2024 2023 Cash in hand. Notice deposits (less than 3 months) 132,363 1.613,067 210,679 1,486.155 Total cash and cash equivalènts 1,746,430 1,696,834 13. Analygls of changes In net debt At31 December 2024 January 2024 Cash flows Cash at bank and in hand Liquid investments 210,679 1,486,155 178,316) 126,912 132,363 1,613,067 1,696,834 48,596 1,745,430 Page 20
Dbeusign Envelope ID.. 72059F5E-74Ec44B&BcD34E1792933Al The People's Kitchen Limited Notes to the financlal statements Year ended 31 December 2024 14. Operating lease commitments At 31 December 2024 the charity had commitments to make future minimum lease payments under non- cancellable operating leases as follows.. 2024 2023 Not later than 1 year Later than 1 year and not later than 5 year$ 520 780 520 520 1.300 15. Related party transactlons There were no related paty transactions in the current or prior periods, Page 21