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← The Lunchbowl Network Limited

2024-08-31-accounts

REGISTERED COMPANY NUMBER: 05708351 (England and Wales) REGISTERED CHARITY NUMBER: 1114981

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

THE LUNCHBOWL NETWORK LIMITED (LIMITED BY GUARANTEE)

THE LUNCHBOWL NETWORK LIMITED

(LIMITED BY GUARANTEE)

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

Page Report of the Trustees 1 to 8 Independent Examiner's Report 9 to 10 Statement of Financial Activities 11 Statement of Financial Position 12 to 13 Notes to the Financial Statements 14 to 18 Detailed Statement of Financial Activities 19

TRUSTEES REPORT SEPTEMBER 2024 - AUGUST 2025

TRUSTEES REPORT SEPTEMBER 2023 - AUGUST 2024

This year the charity raised £152,827, the previous year £185,181 was raised. Therefore there has been a decrease of £32,354 from the previous year.

The charity continues to be extremely grateful for the generosity and kindness of many individual donors, churches, schools and Trusts. The consistent and dedicated giving from our donors is a lifeline of daily provision and hope. On behalf of the children and their families we sincerely thank every person who has given to these children who are in severe need.

The aim of The Lunchbowl Network is always to seek and identify those in severe need, who live within Kibera and Kwarangare, two of the informal settlements of Nairobi. Kibera is the largest of informal settlements in sub Saharan Africa with an estimated population of 1-1.5m people living in a densely populated and harsh environment.

The charity responds to these profound disadvantages by providing a series of actions; daily wholesome nutrition combined with a stimulating education to a high standard in a safe learning environment. Within the schools we aim to meet the children's emotional, social and spiritual needs and for the Kenyan syllabus to be delivered in an interesting and creative manner.

Our aim is to counteract their disadvantaged start in life and give them an opportunity to compete for secondary school places by developing literate and numerate children who will eventually be able to offered secondary school places for possible university places or vocational training. We believe schools to be a foundational platform for providing a pathway out of extreme poverty.

Our children are aged between 2 - 11 years. All have have experienced either the death of one or both parents or serious illness of a parents, or children with Special Educational Needs. Prior to being admitted into one of our schools, most children would be surviving on one small bowl of porridge or less per day.

Educational Impact:

We provide a creative, quality education daily to 488 highly vulnerable children. We aim to meet the children's educational, physical, emotional, social and spiritual needs.

The provision includes two Early Years Kindergartens, one is situated adjacent (100m) to Kibera. The other Kindergarten, Primary school, Special Educational Needs facility ( which includes a unit for the deaf ) is a purpose built school a short bus ride from Kibera. The children are transported daily to Karen from Kibera.

1

TRUSTEES REPORT SEPTEMBER 2024 - AUGUST 2025

New children are admitted in January at the start of the academic year and \, are provided with 2 sets of uniform, school shoes and underwear. Children arrive at 7.30 a.m for porridge, at 10.30 a.m they have a fruit snack and at A: midday they have a hot lunch such as lentils and chapati, beans and rice or spinach and ugali.

A homework hub, run by the teachers and in partnership with The King’s Rugby Development Academy operates every evening and every Saturday morning. This provides a safe space conducive to learning. This has helped to improve the grades of children who would otherwise be unable to do homework at home in dark and difficult conditions.

All Primary children have to sit Ministry of Education tests every half term to track their progress. There has been a noticeable improvement in scores across all ages. In addition children are tracked according to their behaviour in order to maintain a high code of conduct in school and any absenteeism is followed up.

Children who score the highest in Grade 6 National exams are given the opportunity to attend a reputable Junior Secondary School called St Hannah’s. The children that joined St Hannah’s this year have been exemplary in academic standard and attitude. Some have been chosen for the football team which has given them much pride and one was selected as the captain.

The charity employs 46 Kenyans; a 19 teaching team, 14 Learning Support Assistants and 11 support staff, 1 accountant and 1 physiotherapist. These include specialist teachers for Sports, Art, English, Maths, Science, Kiswahili, Social Studies, Special Educational Needs and Hearing Impairment.

Most of the support staff are mothers selected from the Kibera community and the majority receive a school place for their child. The work gives them dignity, security and greater control of their lives. The work gives these mothers the opportunity to work alongside other mothers facing similar challenges, particularly those who have children with SEN, helping to counteract their social isolation and their children’s isolation.

2

TRUSTEES REPORT SEPTEMBER 2024 - AUGUST 2025

At Christmas the children enjoyed a Christmas party including acrobats and fire flame eaters and every kindergarten child received a soft toy and croc shoes for the youngest children.

Every Thursday Artists for Africa, an American funded charity, spent the afternoon with each class in the Primary school. The children experienced ballet, African contemporary dance, drama and music. They competed against other local schools and won first prize for an African contemporary dance.

Integrated provision for children challenged with Special Educational Needs SEN

The quality of education and integrated learning for the children with hearing impairment and Special Educational Needs is unique within Kenya in terms of quality provided and inclusion. All of the children from Kibera with SEN have been isolated with no educational or social provision. Some of the mothers were struggling to carry their children to school and so a small van was hired to bring the children.

This year there were 18 children in the Zawadi Special Needs Class. Every week the children from the SEN class integrate with the youngest children in the kindergarten. They also enjoy swimming at a local pool accompanied by their mothers, teaching team and a physiotherapist. In addition a small group of children attend Riding for the Disabled every week to enhance their core strength and mobility.

Every day the children have access to 1:1 physiotherapy.

Integrated provision for Hearing Impaired Children

This year, the unit for hearing impaired increased to 16 children. Most of the children have been issued with post aural hearing aids and been tested to assess the degree and type of hearing loss. The cost of the hearing aids was covered by individual donors. None of the children had received a formal assessment prior to joining the unit. Every month the children attend an audiology clinic to maintain the function of their hearing aids.

The children from the unit are integrated with hearing peers for dance, PE and art.

Every week a small group of the children from the unit also visit a local International school to join in with their afternoon curriculum. Both teachers in the unit are qualified to teach using Kenyan Sign Language.

3

TRUSTEES REPORT SEPTEMBER 2024 - AUGUST 2025

Every Saturday a Sign Language Support Group for parents of the deaf and children meets in a church in Kibera. The purpose is to learn Kenyan Sign Language so that families can communicate together. In addition the group provides social support for mothers struggling to raise a deaf child. Parents and Learning Support Assistants attend.

The children visited the “ Opportunity Factory” and met some adult deaf workers who are employed as artisans. The children enjoyed a pottery workshop and were very proud of their clay pots!

In total, 488 children have been provided with a good quality education for children aged between two and fourteen years between. This is as follows:

Nutritional impact:

The Saturday Dinner

Programme This remains an essential provision for very vulnerable children. Since 2006, a Saturday Dinner programme has operated with our local team feeding up to 450 under 10 year olds. This fills an essential need to tackle hunger and malnutrition in the very young.

According to the Kenya National Bureau of Statistics, Kenya Demographic and Health Survey 2022 “Many children under 5 years old are stunted or too short for their age. This is a sign of chronic undernutrition. Many children under age 5 are wasted (too thin for their height), which is a sign of acute undernutrition. Many children are also underweight, or too thin for their age.”

Hot meals provided per year 229,572 Hot meals provided per month 19,131 Hot meals provided per week 4,414 Hot meals provided per day 882

Extreme Need Provision:

Food packs: This year 35 families connected to the Lunchbowl Schools received crisis home food packs every month. These families were in acute need. Every food pack lasted for two weeks and provided one meal each day for each family member. These families had up to 8 members.

4

TRUSTEES REPORT SEPTEMBER 2024 - AUGUST 2025

A food pack consists of maize flour, rice, sugar and oil. The families benefitting from the food packs were all connected to the Angel Kindergartens and the Good Samaritan Primary School. They were selected due to severity of need.

Emergency rents: On average emergency rents were provided to 25 families per month.

The Lunchbowl Network and The Lunchbowl Network Ltd

The Lunchbowl Network Ltd UK partners with The Lunchbowl Network Kenya Ltd. This is a Kenyan registered charitable company. The Lunchbowl Network Kenya is incorporated and a registered Trust.

The financial donations have been achieved from the following:

UK volunteer team

Based in the UK, the team give their time and energy to raise the profile and funds for The Lunchbowl Network.

UK schools

World Wellbeing Week June 2024 - The Year of the Loving Lion.

W O R L D W E L L B E I N G W E E K

In June 2024, many schools joined again for the Lunchbowl campaign during World Wellbeing Week called “The Year of the Loving Lion”. This promotes to UK children how giving is an essential part of their own wellbeing. UK school children had the opportunity to buy a soapstone rhino made in Kenya for £2.00.

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In total, 9 schools have supported the charity this year. The donations ranged between £14 and £334.

A very special thank you to the following schools:

All Saints C of E playgroup All Saints C of E Crystal Palace Dundonald Primary Merton Hatfield School Highfield Primary School Holy Trinity School Merton Joseph Hood School Morden Primary School St Boneface C of E Tooting

Total donations: This year £3,243 was raised through schools. Last year £10,629 was raised through schools.

Churches

We are delighted to be Mission Partners with the following churches who have remained highly supportive: Christchurch New Malden, PCC All Saints Hampreston, PCC St Leonards Church of England, Amersham and St Pauls Church of England, Kingston Hill.

Thank you to every church for your kind support.

Total donations: £5,425.

5

TRUSTEES REPORT SEPTEMBER 2024 - AUGUST 2025

Trusts

Brothers Trust £10,000 Bryan Guiness Trust: £3,000 Carmela & R Pignatelli Foundation £2,500 Eleanor Rathbone Charitable Trust £2,000 Mirianog Trust: £1,000 Souter Charitable Trust: £5,000 Sterry Family Foundation: £ 5,000 The Collier Trust: £2,000 The Tula Trust: £2,000

Total donations: £32,500.

We are deeply grateful to Mandy Cormack for her dedicated time and energy applying to Trusts and Foundations on behalf of The Lunchbowl Network.

Large donations

15 private donations ranging between £500 to £10,000 were received. Total: £18,981. We are very grateful for every donation and respect the discreet manner in which these have been given.

Child donations

121 children were sponsored in the two Lunchbowl schools by 82 sponsors. A total income of £37,234 was given. £1,240 of the income was given to buy Christmas presents.

Monthly donations

10 donors have given specifically for the provision of food. Total £2,130 6 donors have given specifically for for Angel Kindergarten and ACK Good Samaritan. Total £3,734 11 donors have given to General funds. Total £3,053

Paypal donations

9 donors gave to General funds. Total £2,486 2 donors gave to the Saturday Food Programme. Total £463

7 overseas donors gave to Child sponsorship. Total £2,997

We are so grateful to all our monthly donors and child sponsors whether you are individuals, schools or churches. Your commitment to these vulnerable children is a vital part of our provision and very much appreciated.

A Very Special Thanks:

Our Volunteer Network: The dedicated core of the Lunchbowl team consists of Anna Kate Fuller, Jess Shadrach, Carolyn Green, Fran Turko, Heidi Gomes, Heike Paulson, Helen Masters, Jean Shipton, Jenny Stuart, Mandy Cormack, Hannah McGreevy, Jess Bridgland, Jenny Street, Pauline Collins, Selina Overy, Sue Stears and Wendy Clow.

The compassionate support and dedication of the whole Lunchbowl Team is highly valued.Together, the team in Kenya and the UK are helping to bring hope and change to a desperate situation. The whole team is greatly appreciated.

All of your wholehearted generosity of heart, time, energy and resources is deeply appreciated.

Sue Stears: The charity would like to express much gratitude to Sue Stears for her commitment, time and energy and not least her administrative and book keeping skills. Sue Stears tirelessly and thoughtfully administrates all of the sponsorship programme for the kindergarten, primary and secondary school pupils. Her detailed financial expertise is highly valued and appreciated.

6

TRUSTEES REPORT SEPTEMBER 2024 - AUGUST 2025

Finally, thank you to:

The Big Yellow Storage Company: We are always very grateful to The Big Yellow Storage Company for making it possible to store much of our event equipment and school resources for Kenya, including school shoes. Thank you very much, your support makes a big difference.

British Airways: For always giving generous baggage allowances to transport donations and educational equipment.

Lunchbowl Financial Management

There are effective and appropriate financial and accounting systems in place. There is a segregation of responsibility such that all monies collected are counted by two designated individuals from the Lunchbowl Team

All donations are deposited into the bank by named regional team members. All gift aid forms are maintained by Mandy Cormack. All documentation is kept in compliance with data protection regulations. Monthly book keeping, receipts, bank statements and reconciliations of all monies debited and credited to the bank account are maintained on a monthly basis by Sue Stears. Monthly book keeping is also processed and checked by our accountants.

Present and future use of resource and team

The Lunchbowl Network UK operates completely on a voluntary basis and consequently over 96.4 pence of every £1 raised reaches and impacts the orphaned and vulnerable children.

Reserves policy

We currently have a no reserves policy. We focus on deploying funds as received for the uplifting of the poorest children.

No trustee or volunteer receives any financial remuneration or benefit from the charity. All visitors to Lunchbowl Network Kenya are self-funded.

7

THE LUNCHBOWL NETWORK LIMITED (LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.The charity has continued its fund raising activities this year. This has a direct impact on the lives of the very young and vulnerable children for whom we care. These are the extreme poor and often surviving on one meal or less a day living in the Kibera. The urgent needs are their physical wellbeing in terms of their essential nutrition, emotional, social, spiritual and academic development.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05708351 (England and Wales)

Registered Charity number

1114981

Registered office

1 Glebe Way, Amersham, Buckinghamshire England, HP6 5ND

Trustees

Mr S D McGreevy Mrs S McGreevy Mrs W Clow Miss H F McGreevy Mrs J J Bridgland

Directors

Mr. S D McGreevy (Chairman) Mrs. S McGreevy Mrs. W Clow Ms H F McGreevy Mrs J J Bridgland

Accountant

Acuity Professional Partnership LLP Unit 2.02 High Weald House, Glovers End, Bexhill, East Sussex, United Kingdom, TN39 5ES

Approved by order of the board of trustees on 27 May 2025 and signed on its behalf by:

.......................................................................... Mrs S McGreevy - Trustee

....................................................................... Mr Stuart McGreevy - Chair

Page 8

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LUNCHBOWL NETWORK LIMITED (REGISTERED NUMBER: 05708351)

I report on the financial statements for the year ended 31 August 2024 set out on pages 11 - 19.

This report is made solely to the Directors of The Lunchbowl Network Ltd, as a body, in accordance with regulations made under section 145 of the Charities Act 2011 and Charity SORP (frsse).

My work has been undertaken so that I might state to the Directors matters I am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and charity's directors for my independent examination work, for this report, or for the statement I have given below.

Respective responsibilities of Directors and Independent Examiner

As Charity diectors for the purposes of charity law, are responsible for the preparation of the financial statements. The Directors consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the Charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:

a) examine the accounts under section 145 of the 2011 Act;

b) follow the procedures laid down in the general Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act; and

c) state whether particular matters have come to my attention.

Basis of Independent Examiner's statement

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity, and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Directors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.

Independent Examiner's statement

In connection with my examination, no matter has come to my attention:

1) which gives me reasonable cause to believe that in any material respect the requirements

a) to keep accounting records in accordance with Section 130 of the Charities Act; and

b) to prepare accounts which accord with the accounting records, comply with the accounting requirements of the Charities Act have not been met; or

2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Page 9

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LUNCHBOWL NETWORK LIMITED (REGISTERED NUMBER: 05708351)

Charles Osei, BSc (Hons), MSc, FCIE, AFA, ATA, MCIPP

Flat 3, 11 Rochdale Way, Deptford, London, SE8 4LY

Date: 28 May 2025

Page 10

THE LUNCHBOWL NETWORK LIMITED (LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
149,641
EXPENDITURE ON
Raising funds
Raising donations and legacies
5,541
5,541
Charitable activities
Cost of charitable activities
145,814
Total
151,355
NET INCOME/(EXPENDITURE)
(1,714 )
RECONCILIATION OF FUNDS
Total funds brought forward
18,182
TOTAL FUNDS CARRIED FORWARD
16,468		 Restricted
funds
£
3,186
-
-
3,186
3,186
-
-
-		 2024
Total
funds
£
152,827
5,541
5,541
149,000
154,541
(1,714 )
18,182
16,468		 2023
Total
funds
£
185,181
2,419
2,419
191,950
194,369
(9,188 )
27,370
18,182

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 11

THE LUNCHBOWL NETWORK LIMITED (LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL POSITION 31 AUGUST 2024

Unrestricted
Restricted
FIXED ASSETS
Notes
fund
£
funds
£
Tangible assets
5
2,996
-
CURRENT ASSETS
Prepayments and accrued income
12,133
-
Cash at bank
2,089
-
14,222
-
CREDITORS
Amounts falling due within one year
6
(750)
-
NET CURRENT ASSETS
13,472
-
TOTAL ASSETS LESS CURRENT
LIABILITIES
16,468
-
NET ASSETS
16,468
-
FUNDS
Unrestricted funds
7
TOTAL FUNDS		 2024
Total
funds
£
2,996
12,133
2,089
14,222
(750)
13,472
16,468
16,468
16,468
16,468		 2023
Total
funds
£
3,746
13,985
1,201
15,186
(750)
14,436
18,182
18,182
18,182
18,182

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 12

THE LUNCHBOWL NETWORK LIMITED (LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL POSITION - continued 31 AUGUST 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 27 May 2025 and were signed on its behalf by: ............................................. StS Mr S D McGreevy - Trustee

The notes form part of these financial statements

Page 13

THE LUNCHBOWL NETWORK LIMITED (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts are prepared in sterling which is the functional currency of the company, rounded to nearest pound.

GOING CONCERN

The trustees believe that there are no material uncertainties related to events or conditions that may cast significant doubt upon the charity's ability to continue as a going concern.

COMPANY STATUS

The company is limited by guarantee. The members are listed in the trustees report. In the event of the company being wound up, every member is liable to contribute a sum not exceeding £10. The address of the registered office of the charity is given on page 8.

INCOME

All incoming resources are included in the Statement of the Financial Activities when The Lunchbowl Network Limited legally entitled to the income and the amount can be quantified with reasonable accuracy.

Gifts in kind donated for the 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. No amounts are included in the financial statements for services donated by volunteers.

Intangible income, which comprises donated services, is included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantified and measurable. No income is recognised where there is no financial cost borne by a third party.

Income tax recoverable in relation to 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 investment income is receivable.

EXPENDITURE

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 the resources.

Costs of the activities in furtherance of the charity's objects are those costs incurred directly for the furtherance of the objects of The Lunchbowl Network Limited.

Support costs are those costs incurred directly in support of expenditure on the objects of the and include The Lunchbowl Network Limited project management carried out at the head office.

continued...

Page 1 |

THE LUNCHBOWL NETWORK LIMITED (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

1. ACCOUNTING POLICIES - continued

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

TAXATION

The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING

General funds are unrestricted funds which are available for the use at the discretion of the trustees in furtherance of the general objectives of The Lunchbowl Network Limited and which have not been designated for the other purposes.

FINANCIAL INSTRUMENTS

The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognized in the charity balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies that are classified as debt, are initially recognized at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Page 15

continued...

THE LUNCHBOWL NETWORK LIMITED (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£ £
Depreciation - owned assets 750 936

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.

4. STAFF COSTS

The average number of persons employed by the company during the year was as follows:

2024 2023
No. No.
Non-remunerated Trustees 5 5
No employee received remuneration amounting to more than £60,000 in either year.
TANGIBLE FIXED ASSETS
Computer
equipment
£
Cost
At 1 September 2023 and 31 August 2024 8,726
Depreciation
At 1 September 2023 4,980
Charge for year 750
At 31 August 2024 5,730
Net book value
At 31 August 2024 2,996
At 31 August 2023 3,746

5. TANGIBLE FIXED ASSETS

Page 16

continued...

THE LUNCHBOWL NETWORK LIMITED (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

6.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accrued expenses
7.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Dinner programme/Extreme need
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS		 At 1.9.23
£
18,182
18,182
Incoming
resources
£
149,641
3,186
152,827
At 1.9.22
£
27,370
27,370		 2024
2023
£
£
750
750
Net
movement
At
in funds
31.8.24
£
£
(1,714 )
16,468
(1,714 )
16,468
Resources
Movement
expended
in funds
£
£
(151,355 )
(1,714 )
(3,186 )
-
(154,541 )
(1,714 )
Net
movement
At
in funds
31.8.23
£
£
(9,188 )
18,182
(9,188 )
18,182

continued...

Page 17

THE LUNCHBOWL NETWORK LIMITED (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

7. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Dinner programme/Extreme need
TOTAL FUNDS		 Incoming
resources
£
180,816
4,365
185,181		 Resources
expended
£
Movement
in funds
£
(190,004 )
(9,188 )
(4,365 )
-
(194,369 )
(9,188 )

8. RELATED PARTY DISCLOSURES

Lunchbowl Trust Kenya is a related party to The Lunchbowl Network Limited. During the year,The Lunchbowl Network Limited had donated £149,000 (2023 : £182,950) to Lunchbowl Trust Kenya.

Page 18

THE LUNCHBOWL NETWORK LIMITED (LIMITED BY GUARANTEE)

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024

INCOME AND ENDOWMENTS
Donations and legacies
Gift & donation
Grants
Total incoming resources
EXPENDITURE
Raising donations and legacies
Administration cost
Computer equipment
Charitable activities
Lunchbowl Trust Kenya donation
Other donation
Total resources expended
Net expenditure		 2024
£
120,327
32,500
152,827
152,827
4,791
750
5,541
149,000
-
149,000
154,541
(1,714 )		 2023
£
122,931
62,250
185,181
185,181
1,483
936
2,419
182,950
9,000
191,950
194,369
(9,188 )

This page does not form part of the statutory financial statements

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