2024-04-30-accounts - Camms Meals On Wheels Limited

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Docusign Envelope ID: 04E5DCAB-9489-4D87-B864-F3C3641CD5FD CAMMS Meals on Wheels Ltd

Registered number 4229429 Charity number 1098072

CAMMS Meals on Wheels LTD

A Charity and Company Limited by Guarantee

Financial Statements

For the year ended

30 April 2024

Docusign Envelope ID: 04E5DCAB-9489-4D87-B864-F3C3641CD5FD CAMMS Meals on Wheels Ltd

Contents
	Page
Charity information	1
Report of the trustees	2 - 5
Independent Examiner’s Report	6
Statement of financial activities	7
Balance sheet	8
Notes to the financial statements	9 - 15

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CAMMS Meals on Wheels Ltd

Charity Information

Trustees

C L Charter (Chair of Trustees) A M Millington B Tech (Hons) ACMA (Treasurer) J C Taylor R N Ough M J A Ough S Doggett M Fraser (appointed 25/07/2024)

Company Secretary M J A Ough

Founder

His Honour P J Halnan (deceased)

Registered Office

Cherry Trees Kitchen St Matthews Street Cambridge Cambridgeshire CB1 2LT

Company Registered Number 4229429

Registered Charity Number 1098072

Independent Examiner

Mrs K Bretherick FCA Peters, Elworthy & Moore Salisbury House Station Road Cambridge CB1 2LA

Bankers

Metro Bank Unit 1 Christ's Ln Cambridge CB2 3BZ

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CAMMS Meals on Wheels Ltd

Report of the Trustees for the year ended 30 April 2024

The Trustees (who are also directors of the charity for the purposes of the Companies Act) submit their annual report and the financial statements of CAMMS Meals on Wheels Ltd (the Charity) for the year ended 30 April 2024. The Trustees confirm that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity’s governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). (effective 1 January 2019).

Since the company qualifies as small under section 382, the strategic report required of large and medium companies under The Companies Act 2006 (Strategic Report and Director’s Report) Regulations 2013 is not required.

OBJECTIVES AND ACTIVITIES

The objectives of the Charity continue to be to relieve the aged, infirm or poor in Cambridgeshire by the provision of hot meals for those who either through age or infirmity are unable to prepare meals for themselves and have no other person available to prepare one for them. With each and every visit the deliverers have a duty to check with the clients that all is well and if necessary report any concerns to the CAMMs Meals on Wheels Ltd office for further action to be taken. In an emergency, the appropriate emergency services must be contacted immediately.

In the exercise of our powers to that end we have paid due regard to the published guidance from the Charity Commission on the operation of the Public Benefit requirement under the Charities Act 2011.

ACHIEVEMENTS AND PERFORMANCE

The average weekly sales to customers were 1,130 during the year ended 30 April 2024, maintaining a level close to the previous year’s record (2023: 1,160). The price charged for a hot two course weekday delivered meal of £7.75 was set in April 2023 and remained unchanged up to March 2024. As a result of steady sales and increased price, meal sales income (excluding meal sales written-off,) was 5.5% higher than last year’s record. Following the National Living Wage increasing by 10% from 1[st] April 2023, and cost of meals increasing during 2023/24, in March 2024 the Trustees agreed a price increase was inevitable. On the 3[rd] April 2024 prices increased to £8.15 across our full operating area. Furthermore, the cost of meals increased again in June 2024 and a forthcoming 70% increase in electricity charges will occur from 1st October 2024, which marks the end of our extremely beneficial 3 year fixed cost. As a result, in July 2024 the Trustees reluctantly agreed that a further price increase to £8.50 on the 5th August 2024 was necessary.

In December 2023, under the leadership of the then manager, the charity achieved a long-held ambition in opening a new kitchen base in Chatteris. This enables us to better serve our customers in the Fenland area and, most importantly, reach a much wider customer base in that area of Cambridgeshire. An addition benefit is that it increases our overall capacity therefore meaning, in addition, more customers can be served in the Cambridge area.

Costs in increased in 2023/24 to new records levels, with cost of sales over 12% higher due to two supplier price increases during the year. Staff costs increased by over 16% both due to rates of pay (+10%) and also, partly due to the new kitchen base, increased staff numbers (+4½%). Finally, the significant capital investment, supported by grants, in ovens, extractor and freezer in the Chatteris base lead to an increase in depreciation as well as insurance, rent and electricity costs.

The Trustees are pleased to report that for the first time since 2018 it is no longer necessary to hold a bad debt provision. This is due to the efforts, led by our Finance Coordinator appointed in November 2022, to recover past due debts and ensure current invoices are paid.

Assisted by the grants received, the above resulted in a surplus of £16,585, much the same level as in the previous year (2023: £17,111). The Trustees welcome the on-going significant investment of resources coupled with continued satisfactory financial performance, particularly continued high meal sales, which is meeting the objectives of the Charity.

The aim and outlook for the current 2024/25 year is to maintain sales levels and if possible, reach new customers in the whole expanded area of operation. This is described in more detail in the Future Activities section below.

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CAMMS Meals on Wheels Ltd

Report of the Trustees for the year ended 30 April 2024 (cont)

FINANCIAL REVIEW

Total incoming resources amounted to £489,277 (2023: £430,677) and after deducting total resources expended of £472,692 (2023: £413,566) the net surplus amounted to £16,585 (2023: surplus of £17,111). At the year-end restricted funds amounted to £nil (2023: £413) and unrestricted funds amounted to £67,195 (2023: £50,197).

Future Activities

Following a very successful period of nearly 4 years, at the end of July 2024, our Charity manager left the Charity with the many thanks and gratitude of the Trustees. This period registered higher sales levels; new office IT facilities, including an IT based sales and administration application; improved customer service and streamline administration operations; improved financial management and control; and of course establishing the new kitchen base in Chatteris. As a result the Trustees believe that the charity is in excellent shape for the future.

So far in the 2024/25 period, sale volume to the end of August is a little lower, however this is largely offset in income as a result of the 1[st] April increase in price. A key business aim of the new manager in the current year, given the new kitchen base and sound infrastructure, is to increase sales to the benefit of as many needing a delivered hot lunchtime meal as possible. To support this aim a further grant of £5,000 has been received.

Our financial planning also has to accommodate increases in costs in the current year, including increased wage costs from 1[st] April 2024, an increase in the cost of meals in June, and increased utility costs in October 2024.

Reserves Policy

The Trustees remain committed to ensuring that the Charity, which is “not for profit”, is financially well managed. The maintenance of sales underlies our relevance and strength in the target market, coupled with a successful grant application programme. Thanks to the exceptional efforts of the management and staff, the Trustees believe that the Charity continues to work well and fulfil its objectives.

The Trustees have reviewed the Reserves Policy in 2024 based on the financial impact scenario of a rapid and material reduction in sales, being the key component of revenue, which would lead to financial losses. In these circumstances the Trustees would assess whether recovery was feasible, which would mean having to cover losses over the recovery period; or whether closure was the only option, which would incur closure costs. During 2023/24 the Charity acquired almost £40,000 of fixed assets which currently have a material sales value to take into account. A financial assessment has been made of a plausible but significant adverse financial impact of the above factors. As a result the Trustees have agreed that Free Reserves to cover this risk should continue to be in the range of £20,000 - £35,000. As a not-for-profit charity the Trustees do not wish to hold more Reserves than is necessary .

The current level of Free Reserves[1] is £14,394 (2023: £24,280); a reduction in the year despite a profit level similar to the previous year. This level is a little below the Policy level. However this is the result of an increase in Fixed Assets Net Book value to £52,801 (2023: £25,917) as a result of the Chatteris base. There are no current plans to acquire further Fixed Assets, in which case the Net Book Fixed Assets value will reduce in future years, reducing the impact on Free Reserves.

Going Concern

The Trustees believe the financial performance in the year to 30[th] April 2024, given the challenging inflationary conditions of recent years, meets the objectives of the not-for-profit Charity. The Charity’s general reserves have increased substantially over the last 4 years to a record £67,195. As a not-for-profit Charity the Trustees seek to provide the best possible value to our customers, especially given the recent period of high inflation. Financial planning for the period 2024/2025, given the high level of Reserves, therefore indicates the possibility of a modest operating loss. The aims of the Charty in this period, to increase sales, aims to build income for the current and future years.

The Trustees continue to have a confident expectation that the Charity has adequate resources to continue in operational existence. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

1 Unrestricted Funds carried forward less Fixed Assets

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CAMMS Meals on Wheels Ltd

Report of the Trustees for the year ended 30 April 2024 (cont)

STRUCTURE, GOVERNANCE AND MANAGEMENT

CAMMS Meals on Wheels Ltd was incorporated on 6 June 2001 as a company limited by guarantee and obtained charitable status on 18 June 2003. The Charity is governed by its Memorandum and Articles of Association. At its Annual General Meeting held on 16th May 2012 the members approved a change of name from CAMMS Ltd to CAMMS Meals on Wheels Ltd.

The Trustees in office during part or all of the year ended 30 April 2024 were:

A M Millington B Tech (Hons) ACMA R N Ough C L Charter M J A Ough J C Taylor S Doggett

In accordance with the rules of the Charity, C L Charter and S Doggett retire by rotation and, being eligible, offer themselves for re-election at the Annual General Meeting. Trustees are appointed in order to provide valuable and practical skills to the Charity.

The Trustees determine the general policy of the Charity. The day-to-day activities of the Charity are the responsibility of the Charity Manager.

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 Standards (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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP (FRS 102);
make judgements and 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 statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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CAMMS Meals on Wheels Ltd

Report of the Trustees for the year ended 30 April 2024 (cont)

CAMMs is committed to ensuring that a diverse, experienced Board of Trustees oversees the Charity. During 2024 it was identified that CAMMs, as part of its growth strategy, would benefit from additional skills and the Trustees agreed to begin the search for two new Trustees with experience in HR. A new Trustee job description will be used to identify suitable candidates who will be interviewed by the Chair and one other Trustee. Appointment of new Trustees will require majority agreement from existing Trustees, they will be co-opted onto the Board and will hold office until the next AGM when they will retire and, if willing, put themselves forward for re-appointment.

This report was approved by the Trustees at its meeting on 25[th] November 2024 and signed on its behalf by:

C L Charter Chair of Trustees

Date: 25/11/2024

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CAMMS Meals on Wheels Ltd

Independent Examiner’s Report to the trustees of CAMMS Meals on Wheels Ltd Year Ended 30 April 2024

I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 30 April 2024.

Responsibilities and basis of report

As the Trustees of the Charity (and also its directors for the purposes of company law) 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 respect 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(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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 to believe:

accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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 ‘true and fair’ view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Dated: 28 November 2024

Mrs K Bretherick FCA

Peters Elworthy & Moore Chartered Accountants Salisbury House Station Road Cambridge CB1 2LA

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CAMMS Meals on Wheels Ltd

Statement of Financial Activities (incorporating the Income and Expenditure Account) For the year ended 30 April 2024

2024 Total Funds £ 38,542 120 450,615	2023 Total Funds £ 7,751 7 422,919	2023 Total Funds £ 7,751 7 422,919
489,277	430,677 413,566
472,692
472,692	413,566
16,585		17,111
50,610 - 67,195		33,499
		- 50,610

The Statement of Financial Activities includes all gains and losses recognised in the year.

The attached notes on pages 9 to 15 form part of these financial statements

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CAMMS Meals on Wheels Ltd

Registered Number 4229429 Balance Sheet at 30 April 2024

Fixed Assets Tangible assets Intangible assets Current Assets Stock Debtors Cash at bank Creditors: Amounts falling due within one year Net Current Assets/(Liabilities) Total Assets less Current Liabilities being Net Assets Charity Funds Restricted Funds Unrestricted Funds	Notes 8 9 10 11 12 13 13	2024 £ 9,825 30,569 11,752 52,146 37,752	£ 51,121 1,680 14,394 67,195 - 67,195 67,195	2023 £ 2,192 39,204 28,100 69,496 44,803	£ 23,661 2,256 24,693 50,610 413 50,197 50,610

The company’s financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The Trustees consider that the Charity is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 (“the Act”) and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.

The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements were approved and authorised for issue by the Trustees on 25 November 2024 and signed on its behalf by:

C L Charter Chair of Trustees

Date: 25/11/2024

The attached notes on pages 9 to 15 form part of these financial statements

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CAMMS Meals on Wheels Ltd

Notes to the Financial Statements for the year ended 30 April 2024

1 Accounting Policies

a. Basis 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 with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

CAMMS Meals on Wheels Ltd meets the definition of a public benefit entity under FRS 102 Assets and Liabilities are initially recognised at historical cost of transaction value unless otherwise stated in the relevant accounting policy. There were no significant estimates or judgements by management in preparing these financial statements.

b. Going concern – The Trustees are fully aware of their obligations under law and decisions have been taken and further discussions are ongoing in order to secure the future of the Charity. The Charity is monitoring its working capital requirements carefully and the Trustees consider that in preparing the financial statements they have taken into account all information that could reasonably be expected to be available and they therefore consider that it is appropriate to prepare the financial statements on the going concern basis.

With respect to the next reporting period, 2024-25, the most significant area of uncertainty that affects the Charity is the level of meal sales and donations received. There are no significant estimates at the reporting date that have a risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

c. Fund accounting – General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general obligations of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purchases. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out on the notes to the financial statements.

d. 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.
Income from the sale of meals is recognised in the period in which the meals were delivered to the client and any amounts owing to the Charity at the end of the year are included in debtors.

Grants received for use in purchasing capital items are treated as spent once the item has been purchased, via a transfer to unrestricted funds. Any grants received in advance are carried forward as deferred income. Income tax recoverable in relation to donations received under Gift Aid is recognised when received.

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.

e. Expenditure – Expenditure is recognised in the period in which it is incurred and is allocated to expense headings such as meal supplies and governance costs, either on a direct basis or apportioned according to time spent or space occupied.

All expenditure is accounted for on an accruals basis.

Support costs including governance costs are those costs incurred directly in support of expenditure on the objects of the Charity. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Expenditure includes attributable VAT, which cannot be recovered.

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CAMMS Meals on Wheels Ltd

Notes to the Financial Statements for the year ended 30 April 2024 (continued)

f. Fixed assets and depreciation/amortisation – All assets costing more than £500 are capitalised. Tangible fixed assets are stated at cost less depreciation. Intangible assets relate to Website development and are stated at cost less amortisation.

Depreciation/amortisation is provided to write off the cost/value of tangible and intangible fixed assets over their estimated useful lives by annual instalments at the following rates:

Equipment & fixtures except Ovens (tangible) - 5 years on cost

Ovens (tangible) - 15 years on cost
Website development (intangible) - 5 years on cost
g. Stock – Useable stock is stated at the lower of cost and estimated net realisable value.
h. Debtors – Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
i. 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.
j. Creditors and provisions – 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 required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
k. Financial instruments – The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transactions value and subsequently measured at their settlement value.
l. Pensions – The Charity operates a defined contribution scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
m. Operating leases – rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term,

2 Status

The Charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the Charity.

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CAMMS Meals on Wheels Ltd

Notes to the Financial Statements for the year ended 30 April 2024 (continued)

3 Grants and donations

ts and donations
Grants Donations Total 2024 Grants provided by Francis Whinham Foundation Cultivate Cambs Sawston Fun Run 2023 Grants provided by Astra Zeneca The Shelford Feast South Cambridge Rotary Club	2024 £ 35,500 3,042 38,542 Amount Purpose:to contribute towards £ 20,000 Fenland base oven equipment £ 15,000 Contribution to establishing a Fenland base £ __500Fenland base equipment £ 35,500 Amount Purpose:to contribute towards £ 3,141 the new Afternoon Tea service £ 250 the cost of Christmas meals for customers £ 2,000a new office pc, laptop and base in Fenland £ 5,391The Edward Gostling Foundation		2023 £ 5,391 2,360 7,751	2023

The above are restrictive grants totalling £35,500 for 2024 and £5,391 for 2023 as shown in note 13. All donations received in 2024 and 2023 were unrestricted.

4 Meals

Sales of hot meals Sales of frozen meals Sales of Afternoon Teas Meal sales written off Total sales of meals	2024 £ 441,560 4,838 7,618 (3,401) 450,615	2023 £ 419,548 4,019 6,623 (7,271) 422,919

In 2024 and 2023 all income from meals was unrestricted.

5 Expenditure on charitable activities

Staff costs – Wages and salaries – Social Security costs – Contribution to defined contribution pension schemes Meals costs Other costs Depreciation/amortisation Total 2024 Total 2023		Meals Service £ 219,500 3,094 2,411 143,301 93,776 5,081 467,163 407,964	Governance £ - - - - 5,529 - 5,529 5,602	Total 2024 £ 219,500 3,094 2,411 143,301 99,305 5,081 472,692 413,566		Total 2023 £ 188,750 2,721 2,212 127,438 88,798 3,647

						413,566

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CAMMS Meals on Wheels Ltd

Notes to the Financial Statements for the year ended 30 April 2024 (continued)

5 Expenditure on charitable activities (continued)

In 2024 £15,500 (2023: £3,391) was spent from restricted funds establishing the new Chatteris kitchen base, the balance of £457,192 (2023: £471,830) being spent from unrestricted funds. Capital transfer represents restricted grants spent during the year thereby satisfying the conditions of the grant.

Included within the Meals service staff costs is a small proportion of management and administration time which although considered negligible for apportionment purposes, is deemed to be a support cost and is necessary in the running of the meals service.

6 Staff costs

6 Staff costs
The average number of persons employed during the year, excluding Trustees was: Headcount of which Full time Part time The full time equivalent was	2024 Number 21 - 21 9.2	2023 Number
		20 - 20 8.9

No employee received remuneration amounting to more than £60,000 in either year.

The Charity considers its key management personnel to be the Trustees and the Charity manager.

During the year, the key management personnel received total remuneration, including Employer’s national insurance and pension contributions of £29,387 (2023: £26,471)

The Trustees all give their time and expertise without any form of remuneration or other benefit in kind (2023: £nil).

During the year, no Trustees received reimbursement of expenses (2023: - none) and there were no expenses paid directly on behalf of the trustees to a third party.

7 Independent Examiner’s Remuneration Fees for the independent examination Other services	2024 £ 3,090 2,697 5,787	2023 £ 2,880 2,462 5,342

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CAMMS Meals on Wheels Ltd

Notes to the Financial Statements for the year ended 30 April 2024 (continued)

8 Tangible Fixed Assets

Tangible Fixed Assets	Tangible Fixed Assets	Tangible Fixed Assets
Equipment, Cost at beginning of year Acquired in year Disposed in year Cost at end of year Accumulated depreciation at beginning of year Depreciation in year Disposed depreciation in year Accumulated depreciation at end of year Net book value at beginning of year Net book value at end of year			Fixtures £ 47,721 31,964 (170) 79,515 24,060 4,504 (170) 28,394 23,661 51,121

9 Intangible Fixed Assets

9 Intangible Fixed Assets
Cost at beginning of year Acquired in year Disposed in year Cost at end of year Accumulated depreciation at beginning of year Depreciation in year Disposed depreciation in year Accumulated depreciation at end of year Net book value at beginning of year Net book value at end of year 10 Stock Meals 11 Debtors Other debtors Prepayments	Website Development £ 6,480 - - 6,480 4,224 576 - 4,800 2,256 1,680 2024 2023 £ £ 9,825 2,192 2024 2023 £ £ 28,992 37,926 1,577 1,278 30,569 39,204

	2024 £ 28,992 1,577	2024
	30,569

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CAMMS Meals on Wheels Ltd

Notes to the Financial Statements for the year ended 30 April 2024 (continued)

12 Creditors: amounts falling due within one year

Trade creditors Accruals and deferred income Taxation and social security liabilities Other creditors 13 Statement of Funds Current year Balance 01.05.23 £ Restricted Funds Unrestricted Funds 413 50,197 Total 50,610 Prior year Balance 01.05.22 £ Restricted Funds Unrestricted Funds 7,308 26,191 Total 33,499	Incoming Resources £ 35,500 453,777 489,277 Incoming Resources £ 5,391 425,286 430,677	Transfer £ Expenditure £ (20,413) 20,413 (15,500) (457,192) - (472,692) Transfer £ Expenditure £ (8,895) 8,895 (3,391) (410,175) - (413,566)	2024 2023 £ £ 29,414 18,654 6,865 21,094 - - 1,473 5,055 37,752 44,803 Balance 30.04.24 £ - 67,195 67,195 Balance 30.04.23 £ 413 50,197 50,610

For details of restricted funds, see note 3.

The transfer from restricted to unrestricted funds represents restricted funds received towards the purchase of fixed assets for the free use of the charity.

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CAMMS Meals on Wheels Ltd

Notes to the Financial Statements for the year ended 30 April 2024 (continued)

14 Analysis of Net Assets between Funds

Current year Fund balances at 30 April 2024 are represented by:- Tangible fixed assets Intangible assets Current assets Current liabilities Total net assets Prior year Fund balances at 30 April 2023 are represented by:- Tangible fixed assets Intangible assets Current assets Current liabilities Total net assets	General Funds £ Restricted Funds £ 2024 Total Funds £ 51,121 1,680 - - 51,121 1,680 52,146 - 52,146 (37,752) - (37,752) 67,195 - 67,195 General Funds £ Restricted Funds £ 2023 Total Funds £ 23,661 2,256 - 23,661 2,256 69,083 413 69,496 (44,803) - (44,803) 50,197 413 50,610

15 Lease commitments

Financial commitments under non-cancellable operating leases will result in the following payments falling due:

due:
	2024	2023
	Land and	Land and
	buildings	buildings
Payable within:	£	£
1 year	5,750	5,750
2-5 years	5,271	11,021
	11,021	16,771

Operating lease commitments of £5,750 (2023: £5,750) are recognised as an expense.

16 Related party transactions

During the year 1 trustee made personal donations to the charity totalling £180 (2023: 2 trustees totalling £216). No benefits were received as a result of these donations and no restrictions were placed on the use of those funds.