Charity registration number 1084287 (England and Wales) INTO THE COMMUNITY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 INTO THE COMMUNITY LEGAL AND ADMINISTRATIVE INFORMATION Trustees R Edwards M Sherratt l Jegunma M Avotri A Mlotha (Chair) Charity number (England and Wales) 1084287 Indgpgndent examiner Darren Croucher Bsc (Hons), FCCA. FCA. Croucher8 Ltd 1 Copperhouse Court Caldecotte fvltlton Keynes Buckinghamshire MK7 8NL INTO THE COMMUNITY CONTENTS Page Trust8es' report Statemenl of trustees, responsibilities Independenl examinerfs report Statement of finanaal 8drvitie$ Balan￿ sheet Notes to the financial statements 9-19 INTO THE COMMUNITY TRLISTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report and financial st*ments for the year ended 31 December 2024. The financial statements have been prepared in acxordance with the accounting policies set out in note 01 to the nancial statements and ￿mpty vKth the Chantys goveming document. the CharitipsAct 2011 an¢ "AKounting and Reporting by Charits8s: Statement of Recommended Practice applicable to charities preparing thelr accounts In accordance the Financial Reporting Stsndard appli(xble in the UK and Republic of Ireland (FRS 102)" (effeclive 1 January 2019). Obig¢tive8 and xllvltlas Into the Community is a Registered Charity no: 1084287. govemed by its Declaratton of Trust adopted on 1st September 2000. Management of Into the Communty is Ihe responsibilty of the Trustees who are elected in acrordance with the Dedaration of Trust. Into the Community seeks to benefit thè citlzens of Mllton Keyne8 Ihrough thè provlsion of food dlstrlbution centres. The objeds of the TTUSt are.. "To promote for tho benafft of the inhabitants of Milton KeY￿S in the County of Buckinghamshire and its surrounding area through the provision of facllitses for leisure time ocojpation in the interests of social welfare and to advance the educatton of the public (induding will￿Ut limitation children of school arKI prtrschool age) and relieve povety thmugh the provision of information. advice arrfl vocational training." In setting obiedives and planning for aL*ivities, the Tnjstees have given due ojnsideration to general guidance published by the Charity Commission relating to public benefi( induding the guidan￿ 'Public benefft: running a charity (P82)'. Public b&nefft The Trustees have paid due regard to guidan(x issued by the Charity Commission in deciding what a(*ivities the Charity should undertake. Acliw'ties Financlal rnvlew, review of activities and fuiurg dgvglopments The Statement of Financral Aciivrtses for the year is present&J on page 7 of the financAal statements. Totsl dwfiiable incoming resources equated to £578,026. The Food Bank received a total of £408.296 in the fonn of food donations of £44,r19. cash donations of £363,517. £67,281 fr¢)fft the Beyond Food proje& £50.853 from th National Lottery during 2024. Bank interest received amounted to £18,467 whilst £33,328 was received through gift aid. The profft on the activities of Into The Communty arr￿￿nted to £3.585. Govemance a)sts accounted for less than 1 % of total expenditure. Where individual donations, grants. and gifts are restricaed it is ts poli￿ of Into The Community that Ihese funds are utilised stricty in line with the slipulati￿￿ of the donor. The trustees endeavour to have up to 18 months of operating expenses in feaerves (based on 2024 outgoings this vK)uld be £628.950) and a￿ holding £75,000 in reserve for capital expenses arising from our upcoming mov8 to Gaky Hill. ITC held general reserves of £775,341 as of 31st December 2024. Into The Community operates The Food Bank promding local fanlllies and indNiduaEs with essenttal food supplies at a time when they need them most. coverfng the days or somettmès weeks before other parts of the socJal care infrastru¢iure can come into play. To qualtfy for help. families or individuals need to be referred to The Food Bank by on8 of its many referral agents across the i>ty of Milton Keynes. The Food Bank set up a helpline during the pandemic. The helpline 1$ alw used signtficanoy by the ￿1nMunty In addrtion to some of the larger seNing centres having the ability to issue vouthers. Agents indude Health Visitors, Doctors Surgeries. Probation and Social Services etc. In deddlng ithat acti￿tIeS the chaffty should undertake. the trustées have ¢onsldered the Charlty Commlssion's guidance on public benefft and ¢*nduded that ITC'S rtijedives, aims. aThd activittes provide identifiable benefits to the public and that these benefits a￿ not unreasonably restricted in any way. INTO THE COMMUNITY TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Food Bank Introductlon Nwdrfy five ypars on.from the start of the Cowd pandemiG demand for prnprgenGy and longer-temi food support remains at an alkb.me high. The economic legacy left by the pandemiq coupled with ever-increasing price rises for essentials such as food and energy, ha5 meanl that longer-temi Use￿ of our service5 are being joined by more and more people every week who are unable to make the most basic ends meet. wrth no end to high living CAJsts in sight, and the additional pressure this pub on resourt*s, vthile we will continue to provide parcels for short-temi crises, we are also now focAJFAng our attention towards longer-tem solutions that address the drivers of need and tauses of hunger and wverty. Breaking the cyde of povety in MK requires an approath Ihat addresses various underfying causes and. as well as expanding our Topup Shop model. our Beyond Food collalxlration with MK Money Lifeline and MK Community Foundation aims to Ipnsition priority seNice users into fjnancial stabtlty and self-suffiGienGy. Core statistics In 2024 distribLrted 25,149 emergenGy food parcels. 14839 of these to adults and 10,310 to children. In addition, 10,060 visits to top-up shops were recorded, tsking totsl instances of food support to 35,382. Vthile overall demand has stabilised against 2023 figur8S. the typ8 of support being sought has shifted. with emergency parcel use dropping by 9%, and t0P￿p shop visits increasing by 3>A. This aligns the Food Bank's strategy of reserving emergency parc£ls for c¥itic41 needs while promoling the topup shop model for longer-temi. sustsinable support. Around 5,000 I￿u$ehOldS (ca. 12,000 In￿widual$) In Mllton Keynes ac(xssed Food Bank services in 2024- around half of th888 for the first time. Of these, approximately 56% dedared that they CA)me from white bat*grounds, and 2¥kn from non-white ba¢kgrounds. 18Yo did not dec4are their ethnicity and 4% ticked 'other'. Families with dependent chiklren make up 46'A of food parcel reciptents, single adults 43% and couples with no children 11%. Almost half (48%) of all reapients ctted increased cost of living 89 their main rnason ft)r needing food support. with benefits-related issues the second highest reason at 24%. Famli y cxises. health issues. homdessness and unemployment V￿re also re(x)rded in Signifi￿nt nUMb￿s. Tho widw plctu Our work as an antF&poverty charity has been strengthened this year by working dosely with olher tharities and organisations, locally and nationalty. Earty in the year, we We￿ invited to tske part in a working togettw initsthe ￿1th the Trussell Tntst and other independent food aid leaders. This took the fomi of four quarterly discussions in whÉch we discussed our common expeiiences and priorities and helped to collaborthely shape their strategy to end the need for food banks in the UK. By sharing our challenges we were, in tum, able to benefft from othefs in our positton and use colleciive data to develop our approath. Sirrlllarfy. this year we have strengthened our relationship with Feeding Brttain, a national partnership organisation dedicated to prowding funding, advi¢8 and support to communty inFti'8tives and tharities like ours. Through this partnershlp, we have ac¢èssed funding for our Topup shops and our latest Beyond Food advice WO1*ci. but also re￿iVed valuable advice and support to infonn our strategic aims for the future. INTO THE COMMUNITY TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Breaking the cyclg Last year we stated our strategic intenlron to expand i)ur topup shop se￿1￿, representing a move towards providing longer-lenTt. affordable food support for those enduring finanryal hardship. whli 8 reserving food parcels for genuine, temporary cxises. This year we increased our number of topup shops to 9 and invested in promoting the shops as an attractivè and dignified altemative to food parols. This induded a partnership wilh the Public Health funded Bletchley Pathfinder projed to piovide fresh fruit and vegetable bags in Bletchley l(wations. As a result. the number of vists to tOP-UP shops increased by 33%. with an additional 300 households registering for the seNt￿. This year we have increased our area of fo(￿s. continuing to assist more indmduals in need through the towp shop model. but also through assisting 700+ prioiity servi(% users into financial stabilty and self-sufficiency through advice. education and non-food support. In November 2024, we piloled Beyond Food, a joint parlnership belween MK Food Bank and MK Money Lifeline, aimed at providlng bwlget guidan￿ aTKI ¥upport. and authowised. regulaw debt adwce to persistent users of the MK Food Bank Food Par￿1 Servi¢x. By offering faCtrttrla￿ meetirtgs V*ith trained budget coathes. we alm to maximise household incomes, redu￿ debts and expenditures. cxrt short the peri￿1 that households need to ly on emergency fiKyJ provisFon and resofve the issues that are holding that household in poverty. From January 2025 the project will go fully live. and th￿Ugh funding frDm MK Community Foundation. Fpeding Britain and olher supporters. will employ a dedicated debt advisor as well as train Several budget coaches. At the start of the project. we will invik priority. longer-tenn Servi￿ users to the advice session4 with an eventual aim to roll out th8 Opportunity to all users of the Food Bank. Partnernhlps and support from the community As aws. we have only been able to ¢xnlinue t)ur vital ￿)Ik in the commun￿￿ through the generosity and kindness of our supporters and parbiers. Our prin(xpal partneT5hip with MK City Council wrfl consolidate in earty 2025 with the a)mpletion of the new premises for the Charity Hub. This will be a long-term home for MK FLMXI Bank. also housing other charities that support the communty with immedi* p￿tiCal assistan￿. Prdctical support for the premises move will also be provided by iwo key support*s- M&M Supplies who will provide temporary warehouse and office accommodation while the pemianent localion is finalised, and John Lewis Prinw Transport team. who will provide all the HGVS and staff SUpp￿t to physically niove our entire operation. Over the year, we Strengthen￿ our relationships with Ioc21 businesses and (x)mmunty organisatsons. developing campaigns and drives. Our r￿1 regular Business Supporter Brèakfasts attract leaders from across the corporate oJnmunity, and ideas are generaled for engaging and worthwhile acttvities to keep the business communty supporting the Food BanL while also ff4ximising food and financial donalions. Our volurteern Our teatn of o. 100 regular volunteers deliver around ￿10 voluntary IM>uYs every week. answering calls. delivering colleding or picking. packing and sorting in our warehouse. they represent the very liFeblood of our organisation. Throughoui Ihe winter tTM)nths. our cory￿rate volunteering programma weka)mes teams from businesses of all sizes across the iity. V¥È Temain one of the most attrac*ive volunteering options for businesses seeking to fulfil Corporate Social Responsibilty and each year has a long waiting list. Achlevements and perfommnce cant activitses and achievements against obiodives INTO THE COMMUNITY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnancial revifflv Going concem After making appropriate enquiries, the Truslees have a Teasonabte expeclation that the Charity has adequate resources tts continue In operatlonal existence for Ihe foreseeable futu￿. For this reason, they continue to adopt the going concem basis in p￿paring the financial statements. Further detsils regarding the adoption of the going con¢em basis can be found in Ihe accounting policies. Majorrisks The Trustees have assessed the major risks to which the Charity is exposed. and are satisfied that systems are in place lo mitigate exposure to the major risks. Structure? goveman¢• and manag•m•nt Conslltutlon Into the Community is a ￿giStered charity, number 1084287. and is constituted under a Trust deed. The￿ are four TNstees of Into The Cornmunty who are required to meet at least a year. Originating Trustees are entrtled to hold office for life whilst new Trustees are app)inted for tem18 of Offi￿ of three yeaTS by resolution of the Trustees. Trustees may be removed from office if disqualffied under the Chatities Act 1993, rf absent from two conseixrtive meetings. rf removed by resolution by all other Trustees, or rf they resign trusteeship by notice in writing prowded there are at least two o)ntinuing Twstees. The Trustees who served during the year arKI up to the date of sgnature of the finanaal gtatements were.. R Edwards M Sherratt l Jegunma M Avotri A Mlotha (Chair) Recruitment and app￿nIment of I￿Stee$ The management of the Charity is the responsibility of the Trustees vtho are eleded and ctroptsd under the tem)s of the Trust deed. The trustees. report was approved by the Board of Trustees. R Edwards lotha (Chair) Trust8è INTO THE COMMUNITY STATEMENT OF TRUSTEES. RESPONSIBILrriES FOR THE YEAR ENDED 31 DECEMBER 2024 The TrUSt￿S are responsible for preparing the Trustees, Report arKI the flnanclal staterrwts in accordan￿ with applicable law and United Kingdom Accounb"ng Standards (United lfjngdom Genually Accepted Accounting PrarAi¢e). The law applicable to charities in England and Wales require8 the Trust￿ to prepare financial statements for each financtal year which give a true and frair view of the state of *dirs of the Charity and of the incoming resources and application of resources of Charity for that year. In preparing these financAal sklpments. the Trustees are required to: - select suitable a¢Lounting poliaes and then apply them consistenty: - obseNe the methods arKI principles in the Chariiies SORP. - make judgements and e*imates that are reasonable and prudenl" - state whether appIl￿ble accounting standatds have been followed. subject to any Material departures disdosed and explained in the financial statemènts. and - prepare the financial ststements on the going concem basi5 unless it is inapprowiate to presume that the charty will continue in operation. The TTUStees are responSi￿e for keeping ¥uffi¢ienl ac(yJunting records that disdose with reasonable awuTaGy at any time the financial position of th8 Chaiity and enabk them to ensure that the financtal statements (￿mplY with the Charities Ad 2011. tre Charity {Accounts and Reports) Regulations 2008 and the provisiws of the trust deed. They are also responsible for safeguarding ts assets of Ihe Charity and hence for taking reasonable steps for the prevention and delection of fraud and other irregularities. INTO THE COMMUNITY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INTO THE COMMUNITY I report to the Twstee$ on my examirolion of the finanaa statements of Into the Communty (the Charity) for the year ended 31 De(xrnber 2024. Responsibilities and basis of report As the Trustees of the Charity you a￿ responsible for the prepafation of the ffinancaal ststements in att0[dan￿ with the requirements of the Charities Act 2011. I report in respect of my examination of the Charitys firkincaal ststements carried out under section 145 of tho Charities Act 2011. In Garrying out my examination I have followed the Directions given by the Charity Commisst under section 145(5)(b) of the CharitiesArt 2011. Independent examinorfs statement Sincè thé Charity's groas income exoeded £250.000 your e￿rniner must be a member of a body listed in se¢tion 145 of the 2011 Act. I confinn that l am qualified to undertake the examination be￿use l am a member of ACCA and ICAEW, which are both one of the listed bodies. Your attention 1$ drawn to the fact that the tharity has prepared the finan¢ial statements in aGcordarKe with the relevant v&￿on of the Statement of Recommended Pract5￿ applicable to charibes preparing thelr financlal statements in accordance with the Financial Reporting Standard appIl￿ble in the UK and Republic of Ireland {FRS 102) in pr&ference to the Awunting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. l understand that this has been done in order for the financial statements to provide a true and fa'r view in accordance with UK Generally AcLYpted Accounting Practice. I have completed my examination. I confimi that no matter5 have come to my attention in connec*ion with th examination giving me cause to believe that in any material respectr. accounbng records were not kept in respect of the Charity as reqlxred by section 130 of the char￿e$ Act 2011. the finanaal statements do not acEord with those records" or the ffinancaal statements do not ￿mplY wlth the appIl￿ble requirements Con￿mIng the fom) and content of financial statements set out in the Chari15es {AJrdan￿ wilh speafK restridions imposed by donors or whith have been raised by the Charity for particular purposes. The costs of raising and administering such nds are charged againsl the specific fijnd. The aim and use of each restricted fund is set out in the notes to the fitiancial statements. Investment ￿n￿Me. gaing and losses aR allocthd to the appropriate fund. 1.4 Income Income is recognised when the Charity is legally entided to it after any perfornian￿ condiiions have been met, the amounts Can be measured reliabty, and it is probable that income will be r￿1ved. INTO THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng poucleg (Gonllnued) Grants are induded in the Statement of financial a¢bvities on a r￿1Vable basi* The balance of income ived for specific purposes but not expended during the period 1$ shown in the relevant funds on the balan￿ sheet. Where income is received in advance of entitlement of receip( its rects3niti.on is deferred and induded in Credito￿ as deferred income. 1th￿re entitlement occurs before income is received, the income is accrued. Gifts in kind donaled for distributi¢Jn are induded at valuatipn and recogntsed as in¢om? when they are dlstributed to the prq'etx Gifts donated for resale are Induded as incxxrE when they are sold. Inco￿￿ tax recoverable in relation to Investme￿ irrA)me is recognised at the the inveS￿nt in(x)me is receivable. Legacies are recognised on re￿Ipt or 0theThVi￿ rf Charity has been notified of an impending distribution. the amount is known, and receipt is expected. If the amount 15 not krKhvn. trE legacy is treated as a contingent asset. 1.5 Expenditure Éxpenditure 1$ recognised once there is a legal or o)nstrudive obligaon to transfer e￿nOmiC beneffit to Ihird patty. it is probable that a Iransfer of economtG beneffts will be required in settlement. and the amount of the obligalion can be measured reliably. Expenditure is da&8ffied by aGbwty. The Gosts of each acbvity arg made up of the lotsl of direct and shared costs, induding support costs imiolved In undwtaklng eath acbty. Dired costs atlTibutable to a ￿ngle activity are allocated diredy to that xtsvity. Shared cosls whith contribute to more than one activty and support costs whith are not attributable to a single ac*vtty are apkK)rtioned between those a¢tivitses on a basis consistent with the use of resources. Central staff costs are allocated on basis of time spent, and depreciatlon charges are allocated on the portion of the assèt's Use. Expenditure on charttable activities is inojrred on direth undertaking the activities whith further the Charivs obiecbves. as wdl as any associatod support cost All expendiiure is indusive of irre(¥)verdbJe VAT. Interest recelvable Irrterest on funds held on deposit ts induded when re￿1¥able and the amount can be measured reliably by the Charity. this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 1.6 Intangiblg fixed as88ts otherthan goodwill Intangible assets acquired separatety from a busin&ss are re￿nised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impaimient losses. Intangible assets acquired on business combirwtions are recognised separatety from goodwill at the acquisition date ￿there it Is probable that the expected futu￿ economic benefits that are attTibutabJe to the asset WTII Ilow to the entity and the fair value of the asset can be measured rdiaNy: the intangible asset arises from ￿ntr£(lUa1 or other legal ri9hts: and the intangible asset is separable from the enty. Amortisqtion is recognised so as to write off the cost or valuation of assels less their residual values over their useful lives on the following bases: S¢)fiware 10- INTO THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS {Co￿riNuED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounllng pollci•s {Conlinuod) 1.7 Tangiblg fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impairment losses. Deprec4ation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the folk>wtng bases: Fixtures and fittings Computers Motor vehides 20%. 33.33% Straight Line 21YA Straight Line 21YJ6 Straight Line The gain or10ss arising on the disposal of an asset is determined as the differenc* betWW7 the sale proceeds and the tsffying value of the assÈt. and is recognised in the Statem￿ of financial act￿rt￿. 1.8 stocks Stocks are stated at the lower of cost and eslimatal selling pri￿ less costs to complete and s811. Cost comprises dtred materials and, vth?re applitsblè, dirèti labour tssts and those ovetheads that have been incurred in bringing the stocks to their present loc4tion and condiiion. Items held for distribution at no or nominal consideration are measured the lower of replacèment CA)St and cosL Net realisable value is the estimated sdling wt¢e less all estimated (￿Sts of compl¢tiM and costs to be incurred in ma￿eting. selling and distribution. 1.9 cash and cash aqulvalents Cash and cash equivalents indude tash In hand, deposits held at catl with banks. other short-term liquid investrnents original rnaturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowing5 in airrent liabilities. 1.10 FinanciaF In•truments The Charity has dected to apply the provisions of Section 11 'Basic Finanrial Instruments. and Sedion 12 'Other FlnancX￿ Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charivs balance sheet when the Charity be(xJmes party to the (x)ntradual provisiorvts of the instrument. Financial assets and lialmlittes are offse( with the net amounts presented in the financtal statements, when there is a legally enfor￿ble light to set off the recognised amounts and there 15 an intention to setue on a net basis or to realise the asset and Settle the liability sit￿ttaneouSfy. Basrc financial assets. whic* indude debtor5 and cash and bank balances, are initially measured at transaction Pfi* induding transac1￿ oists and are subsequenty carried at amortised cost using the effeGtive interest method unless the arrangement constitutes a financing trartsactton. where the transaction is measured at the wesent value of the fijture receipts discounled at a market rate of interest. Financial assets dassified as receivable within one year are not amoTtssed. 11 INTO THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ounting pollci8s (Continued Ba￿¢ financial liabilibes Basic financiallsabiltties, inrAuding creditors and bank loans are initially recognised at transaciion pri￿ unless the arrangernent (x)nslituies a financing transaction. where the debi instrument is measured at the present value of the future payments discounted at a marf(et rate of interest. Financtal liabilities classified as payable within one year are not amorfised. Debt instrument5 are subsequenty (2rri8d at amortised cost. ustng Ihe eff6Ctive interest rate method. Trade ueditors are obligaons to pay for goods or services that have been acquired in the ordinary ￿Urse of operations from suppliers. Amounts payable are dassified as current liabilities rf payment is due within one year or less. If not. they are presented as non-current liabilitie& Trade creditor5 are recognised inFtially at transaction price and subsequenty measured at a￿)rtised cost using the effective interest method. Dereeognilion of flnanclalllabillll•s Financial liabilities are derecogni8ed vthen the Charitys contraciual Obl￿atiOnS expire or are discharged or cancelled. Liabilities arKI pmlsions Liabilities are recognised when there is an obligation at the Balanc* sheet dale as a result of a past event, it is probable that a transfer of economic benefft TMIII be required in setUemenL and the amount of the settlement can be estimated reliably. Ltabilities are recognised al the amount thal the Charity anticipates it will pay to setlle the debt or the amount it has r￿1Ved as advan￿1 payments for the goods or services it Prm*isions are measured at the best estimate of the amounts required to settle the obligation. W)¢rp the effe£a of the time value of money is material. the pmvision is based on the present value of those amounts. discounted at the pre-tsx disixjunt rale that reflects the risks spe(ific to the liabilty. The unwirKling of the discount is recognised in the Statemenl of financial adivities as a finarwR cost. 1.11 Employge b•nèfits The cost of any unused holiday ￿ltitteMent is re￿nised in Ihe in which the employee's services are Terniination beneffts are recognised immediatety as an expense when the ChaTity is demonstrabty committed to temiinate the tmploymeht of an employee or to prDvide termination benefft8. 1.12 Debtors Trade and other debtors are recognTsed at the settlery*nt amount after any trade discujnt offerefL Prepayrnents are valued at the amount pwaid net of any trade discounts due 1.13 Operatlng l•a•es Rentats paid under operating leases are dmrged to the statem￿ of finanaal activit￿ on a straight- line basis over the lease terni. 12- INTO THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢Gounllng pollcias (Contlnued) 1.14 Critical accounting estimates and ar&7s of judgmont Estimates and judgmerits are continually evaluated and are based on hi5torir%l experience and other factors, induding expectation$ of future events that are believed to be reasonable under the arGumstances. Critical accounting estimates and assumptions: The Chaiity makes estimates ar￿ assumplions 0)n￿MIng Ihe fuiure. The resulting accounting estin￿te$ and assumpb'ons will. ty definibon, seldom equal the related a¢aual results. the estimates and assumptions that have a significant risk of Causing a material adjustrnent to the carrying amounts of assets ar￿1 liabilities within the next finanrial year are discJJssed below. Income from donations and l•gacig5 Unrestricted Unrestricted funds funds 2024 2023 Donations and gift5 LÈgacÉes receivable Other income 383,517 44,779 151,262 466.670 32.467 37,823 559,558 538,960 Donatlons and giftg Cash Donations 363.517 466,670 363,517 466,670 Legacie$ receivable In-knnd food donations 44.779 32,467 44,779 32.467 Grants receivable for ¢ore actlvltles Other income- Gifi aid Other incom& Beyond food project Other incorn￿ National lottery 33.328 67,281 50,653 37,823 151,262 37.823 13- INTO THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Incom8 from inv881ment8 Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 18,467 7,905 Expendlturn on charitable activities Charflablo tivitl85 2024 Charitable a¢tivitl89 2023 Direct costs Depreclation and impainnent Food Bank.. Food Distributions and sloth movement Fo(xl Bank: Salaries and Soaal Security o)sts Food Bank: Premise8 Food Bank: Postage. Stationèry and Computer SU￿e5 Food Bank: Publiaty Food Bank.. Sundries and Training Food Bank.. Volunteer costs Food Bank: Vehicle costs Food Bank: Govemance costs Food Bank.. Professional fees Food Bank.. Training costs 12,712 229,797 108,605 5,7T7 2.318 6.704 297 1,820 7,860 5,593 36,600 3.700 18,318 163,949 94,206 4.803 1.728 30.207 41 1,169 12,084 5.218 36.000 421.783 367,723 Analysis by fund Unrestricted funds 421,783 367,723 Other expendituro Unrestricted Unrestricted funds funds 2024 2023 Net loss on disposal of tangible fixed a88ets Payment to MK Community Foundation 474 150,000 150.474 14- INTO THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Net movement in fundg 2024 2023 The net mvement in fvnds is stated after chargingl(crediting): Fees payable for the independent examination of the charitys fina￿la1 statements Depreciation of obyned tangible fixed assets Loss on disposal of tsngible fixed assets 12,712 474 18.318 Employa The average mcmthly number of employees during the yearwas: 2024 Number 2023 Numl There were no employees whoge annual ￿muneration was mor@ than £60,000. Remuneratlon of key managemont personnel The remuneration of key management personnel was as follows: During the year. no Trustses received any remuneration or other benefits (2023- £NIL). During the year ended 31 D8cèmber 2024, no Trustee expen￿ have been incurred (2023~ £NIL}. Independent examinetrs remunoration Fees payable to Charity's independent examiner for the independent examination of the charity annual accourrt £2.700 (2023 . £2,400) Taxation The Chanty is exempt from taxation on its artivities because all ils in(x)me is appfied for charitable purrA)ses. 15- INTO THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Intangible fixed 888ets Cost At 1 January 2024 Additions - separatdy acquired 2,184 At 31 0￿mber 2024 2.184 Amortisation and Impalm￿nt At l January 2024 and 31 De(￿mber 2024 Carying amount At 31 December 2024 2,184 At 31 December 2023 11 Tanglble fixed assets Fixtum and Computsrs fitting5 or vehicl•s Totsl Cost At 1 January 2024 Additions Disposals 39,963 7,156 8.932 51.194 98.313 8,932 {17.594) (17.594) At 31 Dec£mber 2024 39.963 16,088 33,600 89,651 Depreciatlon and impaimient At 1 January 2024 Depreciation charged in the year Eliminated in rèspect of disposals 29.609 4.271 4.87T 1.721 16,558 6,720 (7,038) 51,044 12,712 (7,038) At 31 December 2024 33,880 6,598 16,240 56.718 Carrying amount At 31 December 2024 6.083 9.490 17.360 32.933 At 31 December 2023 10.354 2,280 34.636 47,270 12 Sto¢ks 2024 2023 Raw materials and consumables 22,539 47,728 16- INTO THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Debtors 2024 2023 Arnounts frdlling due within ono year: Trade debtors Amounts owed by fellow group undertakings Other debtors Prepayments and acuued incomp 629 322 1,851 7.814 276 92 10.616 368 14 Credltors.. amounts falllng due wlthln one year 2024 2023 Trade creditors Ac£ruals and defeThed income 997 2.71M) 2,487 1,650 3,697 4.137 15 Unr•strlcted fund¥ The un￿striCted fvnds of the tharity 8.240 7.905 592,430 544,865 (367,723) 769,572 16 Analysis of net assets belween funds Unrestrictsd furKIs 2024 At 31 December 2024: Intangible fixed assets Tangible assets Current assetsl{liabilities) 2,184 32,933 740,224 775.341 Unrostrlctsd funds 2023 At 31 DeGombor 2023: Tangible assets Current assetsl(liabilrties) 47,270 722,302 769,572 18- INTO THE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Analysis of net awts betwean funds (Continued) 17 Relatsd party transactlons Transactions with related parties During the year the Chality entered into the ft)Ilowing trar￿Cli¢>nS with related parties: The trustees recognise that the dHrity Milton Keynes Christian Centre (MKCC) is a related party. Some of the directot5rtrustees of Milton Keynes Christian Centre are also INstees of Into the Communty (ITC). MKCC passed donatrons given by ChU￿h members to ITC totalling £6.517 (2023.. £7.110). MKCC also passed on weekty food donations collethd on behalf of ITC. There was an OLrtstsnding t￿lanC% of £321 (2023: £92) owed to ITC from MKCC at the 31 December 2024. 19-