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
#109

Oocusign Envelope ID.. 72O59FSE-74EC4488-8C0￿34E1792933Al
The People's Kitchen Limited
Contents
Page
Refe￿nce 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 adrn￿ance 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 Se￿iceS 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&BCD￿34El792933Al
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-BCD￿34EI792933Al
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
c￿ditors.. 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 p￿pared 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

DocUs￿n 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&BCD￿34E1?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-74EC44￿8Co9-34ElT92g33A1
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&BcO￿34E1792933Al
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 310e￿rnber 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&8C0￿34E1792933Al
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)tseL￿19n Envelope ID.. 72o59FSE-74EC4488_BCD￿34E1792933Al
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&BcD￿34E1792933Al
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