RegisterÈd number: 04889844 Charity number: 1115156 EMERGENCY NUTRITION NETWORK (A company limitod by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 GSIfj&Co r4riff in S'_op,• Mosorop & Co 100 YEARS
nociisijn Fnvelopg. Irj. A3D7#F7B}7BF6m-9ADB_773506lO0CCE Emergency Nutrition Network Trustees Report FY24 Emergency Nutrition Network'5 IENNI Board of Tru5tee5 are pleased to preserit thEir annual report, and the audited consolidated financial statements of ENN for the period l January 2024 to 31 December 2024. The Trustees declare that, in carrying out their duties and in preparing this report, they have had due regards to the guidance issued by the Charity Commission on public benefit. since tl)e Compdny qualifie5 a5 small under sectlon 383, Ihe strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 is not rcquircd. MESSAGE FROM THE BOARD This year marked twenty-seven years since ENN was founded. Rates of undernutrition remain unacceptably high and, given the challenges confronting the sector, the need for systemic analysis of what 15 working and what is not is greater than ever. In 2024, we launched our new StrateAy 2024-2028. setting a clear direction for our work and enhancing our ability to respond effectively to the needs of the most vulnerable to malnutrition. The Strategy provides a fresh interpretation of our vision and purpose. It clarifies ENN'S focus on practitioners and our ambition to positively influence the systems that enable them to better serve people most at risk or directly impacted by undernutrition. The strategy sets out how ENN will be guidcd by our network of prattitioners and collaborators, to effectively respond to major £lobal trends, in ways that deliver increasing and more sustainable impact over the next S years_ On thp_ back of the strategy, ENN underwent a transformational organisational change in the second half of 2024, that Saw a review of our organisation structure to optimise our operational model and business practices to ensure effective delivery and long-term organisational sustainability. These changes will support us to maximise efficiencies, strengthen synergic5, build greater opportunities for collaboration between projects and further capitalise on the strengths and significant expertise of our staff and networks. In 2024 ENN'S work continued to enhance the relevance and effectiveness of nutrition research, policy, programming and practice worldwide. by highlighting gaps and building evidence, convening and brokerin8 consensus and collective action, capturing knowledge and stimulating and exchanging learnin& and providing technical resources and guidance to practitioners and key decision-makers involved in nutrition and related interventions at global, national and 5ub- national levels. ENN produced critical pieces of work across our focal areas; Management of small and nutritionally at- risk infants under 6 months and their mothers (MAMI), Infant and Young Child Feeding in Emergencies {IYCF-E), Adolescent Nutrition, Women's Nutrition, Wasting and Stunting {WaSt}, as well as engaged in further investigation into gaps existing and if/where there is a valuable role for ENN in cross cutting areas including micronutrients and data systems for wasting. Additionally, 2024 saw ENN heavily engaged in supporting preparations for Nutrition4Growth IN4G) Summit in Paris 2025. This report provides a concise insight into some of the work we have undertaken over the past year and the progress made in furthering both our strategic objectives and those of our funders and strategic partners. KEY HIGHLIGHTS FROM 2024 Evidence Building Griffin Stone Moscrop & Co
Docusign Envelope ID.. A3D71 F7&D78F-46M-gADB.773506100CCE ENN continued to work to review existing evidence, identify and prioritise gaps and establish how best to fill these to inform policy, research agendas and practice. In 2024 this included producing a scoping review that investigated the nature and coherence of global policy guidance relevant to the care of vulnerable infants u6m and their mothers, and a template for a joint statement on IYCF-E in the context of mpox for countriès to adapt in response to the need for urgent research to answer critical questions on breastfeeding in the context of mpox. ENN produced a State of Play including two case studies from Somalia and Pakistan to address a critical gap in knowledge of the use of MMS in humanitarian emergencies. 2024 also saw the commencement of our collaboration with the University of Washington to use existing data to fill the prioritised evidence gap of the maternal determinants driving infant and child growth trajectories considering both wasting and stunting to inform more effective prcvcntion prosrammins. In 2024 we had planned further work on bringing evidence on the implications of not preventing wasting together for policy and funding decision makers. following completion of our literature review of the Prevention of wasting with interventions that address food and feeding-related needs with WFP in 2023. This work was placed on hold given an evidence review being conductcd by ELRHA that would feed into it, and the need to home in on how we could best contribute and learn from other initiatives looking at the cost of not intp_rvp.ning. This work is still increasingly relevant and mapping out what we know from the evidence of the impacts of being wasted and stunted across the life course remains on the Wast TIG'S priority agenda. Our influencing work in 2024 included, in follow-up to our 2023 blog on mortality and age, the mobilisation of the full co-author group uf oiur papei Anthropometric deficlis and the associated risk of death by age and sex in children agod 6-59 mDnths= A meta-analys15 to draft, agree and send a letter of concern to UNICEF in relation to their age prioritisation of nutrltion interventions guidance which was unclear in relation to the targeting of wasting screening and treatment to all children under 5yrs of age, suggesting a prioritisation of children under 2yrs of age, leading to concern that focus would shift to those children that are easier to reach, not those most at risk. This alongside follow up correspondence and dlscusslons has led to UNICEF'S recognition of the need to be clear in the guidance and some modifications in the guidance. Convening and Brokering ENN'5 experience in convenins and brokering ha5 been higllly sought after in 2024 and instrumental In coordinating and convening key tp_chnicxl working groups, networks and communitie5 of practice deliverin813stinB impact by securing prioritised shared agendas, aligning actions and leveraging the multiplying effect of the collaboration of complimentary actors to make concrete shifts in policy and practice. In 2024 ENN co-hosted a webinar on implementing SQ-LNS to prevent child undernutrition with the Child Health Task Force {CHTFI and the SQ-LNS Task Force. On the bdLk ul tlie 5ucce55 in hosting the SQ-LNS weblnar, ENN has been approached to support facilitation of an N4G side event in Paris 2025. In 2024 ENN was heavily engaged in supporting preparations for N4G Paris 2025. Two members of the ENN team were invited to join thematic working groups of the Nutrition for Growth International Advisory Group (the Nutrltlon and Gender Equity working group and Nutrition and Resilience to Crisis working group. ENN provided input into the thematic recommendations of commitment5 brief5 produced by both these workins groups. Additionally, ENN facilitated strong advocacy by the GANN for the inclusion of adolescents in the N4G Vision and Roadmap document, which resulted in thi5 neglected group being specifically reflected in the N4G vision statement. ENN produced a GANN branded Advocacy Brief calling on governments, NGOS, and donors to prioritise the future of all adolescents as the next generation, by making commitments specific to this age group110-19 years) at N4G Paris 2025. In 2024, ENN also engaged in two thematic working groups of the Nutrition for Growth International Advisory Group,. participated in the Action Review Taskforce and the wasting advocacy coalition,. continued to engage in the Griffin Stone M04rrnp & Cn
Doeusign Envelope ID.. Ar)71 FFA7RF46AA-gAD[U7735[kI1o0CCE Global Thematic Working Groups (GTWGI of the Global Nutrition Cluster IGNCI; co-ordinated the IFE Core Group, MAMI Global Network, Wast Technical Interest Group and Global Adolescent Nutrition Network (GANNI. ENN is the facilitator of the UNICEF/WHO Technical Advisory Group on Wasting and Nutritional Oedema Acute Malnutrition to SUPPOrt the uptake of the 2023 guidelines. alongside being an invited membp.r nf spvp.ral other Technical Advisory Groups (TAG). Knowledge Management Knowledge capture. curation. and exchange to inform effertivp policy and practice is why ENN was ostablished. It remains at the heart of our work, pervading all that we do and informing how we do it. In 2024 we continued to overcome barriers to knowledge transfer. and help all voices be heard and all experience be reflected in critical disCU55ion5 through our flagship technical publication Field Exchange, and en-net forum. ENN also delivered three webinars as part of the IFE Sharing and Learning Webinar series and h05ted quarterly GANN webinars throughout the year featuring a div(J.rsp. array of speakers to share practitioner experiences. discuss and debate key issues, research and best practice. ENN also published three 'learning by doin¢ case studies to investigate the process of implementing, adapting, normalising and embedding the approach in Pakistan, South Sudan and Yemen to inform feasible sustainable care. In 2024 ENN continued to broaden and deepen our network, proactively engaging in reglonal and national practitionerfora and seeking out meaningful collaborations and opportunitiesfor knowledRe eXchane. ENN regularly engaged in regional fora (East and Southern Africa - ESAR, West and Central Africa WCAR, South Asia), expanding to strengthen our connection with national nutrition Societies in Africa and developing nutrition relevant partners in countries and regions with the highest burden of malnutrition. ENN continued to disseminate thewast study protocol and discuss with country level institutions its importance and our desire to collaborate with an implementing research partner for its realisation. ENN worked in 2024 to constantly expand the dissemination. accessibility and uptake of our work, with a focus on digital and social media. and reaching new audience5 through the increased translation of outputs into more languages. There is growing recognition of young people's role in achieving the Agenda for Sustainable Development and promising momentum toward youth-centred global hpxlth. Yet, the voices of youn8 people remain absent in spaces where decisions are made about their nutrition and health needs and how to address them. In 2024 ENN and the GANN continued to focus on increasing youth participation and ensuring that our research and policy focus is youth informed. Based on insights and active co-collaboration with young people and nutrition experts from the GANN, ENN published a brief that proposed 7 guiding principles for youth partnership: Empowerment, transparency. r@COEnition, respect, inclusion. intentionality, and consistency. This brief utilises experiences and learning from the GANN to inform and guide more purposeful and meaningful partnerships with younE people across all phases of research, programming and governance for nutrition. To that end, ENN has created 6 voluntary youth partner role5 beginning in 2025. Emerging Areas Micronutrients is an area that cuts across ENN'S projects, and we wanted to ensure coherence, better formalise, and share our learning, and explore and define whether there are gap5 for ENN to fill in generating and sharing learning from our network, particularly from local level, in this area. Towards this end in 2024 ENN completed and published its State of play and two case studies on Multiple Micronutrient Supplements IMMS) in humanitarian emerEencles which highlighted the experiences, challenges and eaps in programming MMS delivery within humanitarian contexts. In our scoping review of nutrition programming. policy and evidence for school-age children and adolescents in humanitarian contexts we explored weekly iron-folic acid supplementation options, and the role micronutrient-fortified products may play in the prevent of child undernutrition. In 2024 ENN Senior Technical Griffin Stone Moscrop & Co
DocusfvJn Envelope ID.. A3D71 V&D7BF46gAD&7735Q6lO0CCE Associate Philip James was an Expert Group member advising the WHO on guidance for Balanced Energy Proteln IBEP) supplements. where he was able to focus on recommended dosage of certain micronutrients within these supplements to help ensure important nutritional requirements were being considered. Throughout 2024 we continued to advocate for transparency and cohesion in data system5 for wasting, includin through our membership of the ARP on child wasting task force. ENN was invited to the UNICEF Wasting Cascade meeting in Nairobi, which focused on the data needed to adequately monitor management of child wasting programmes. ENN advocated for measurement of wasting, and related data systems, not to be confined solely to those rhildren Ljndpr 5 years, but for surveys and progr3mmes to include 3nthropometric measurements of school agc children, adolescents and women wherever possible. ENN were influential in the most recent updates to the DHS surveys {DH58) and consulted on the upcoming amendments IDH591. As members ofan 'adult and adolescent wasting, sub-working group in the GNC ENN are pushing for clarity of indicators to improve assessments and monitoring. Future Plans In 2025 we are excited to build on and consolidate the work done by ENN in 2024 in preparation for N4G. ENN will continue to be a critical thought partner supporting Ireland to deliver on its bold N4G commitments, alongside making our own N4G commitment. ENN will be represented at N4G Paris 2025 and is supporting the facilitation of two N4G side events. In May 2025 ENN is planning a 3-day technical workshop with all staff to allow for dedicated thinking, reflection, collaboration, workshopping, planning and development across ourtechnical work and some of the areas reflected in our Strategy including food systems and climate, youth engagement, and the localisation agenda. ENN will also continue the development of our website, and en-net platform, aligned with our Communications Strategy. Monitoring, Evaluation, Accountability and Learning ENN continues to harness monitoring and evaluation IM&E) data and analytics to measure our impact, drive continuous improvement and learning, and to evaluate our progress against our strategy. In 2024 all ENN publications had a Digital Object Identifier IDOII created with Datacite through our membership of a UK consortium led by the British Library, to make our research outputs and resources more discoverable and citable for the long term. DOIS provide persistent links that facilitate accurate citation and tracking of our research outputs, further strengthening our reputation within the research community. In 2024 we undertook a citation survey of all ENN peer-reviewed journal publication5 to assess the reach and impact of our peer-reviewed research. Since 2010 ENN has published 71 peer reviewed journal articles. Over 92% of ENN'S publications have been cited in other works, a total of 2,417 times. Articles published relating to Wasting and Stunting have had the greatest number of citations. with the top article Wasting and Stunting - Similarities and Differences.. Policy and Programmatic Implications cited over 200 times, and the top five Wast papers each cited over 100 times. The full results of the citation survey will be finali5ed in early 2025. The launch of our new website in July 2024 enhanced our communications and dissemination, improved the reach of our work and provided us with greater access to real time analytics data on ENN published materials to support our M&E and communications and dissemination planning, this work will continue in 2025. STRUCTURE, GOVERNANCE AND MANAGEMENT Trustees ENN is a UK-registered charity (Charity Registered Number: 1115156, Company Registered number: 048898441 Eovorned by a Board of Trustees. At the end of FY24. the Board was comprised 9 trustees. Thc tru5tce5 attended full Griffin Stone Moscrop & Co
Docussyn Envelope ID.. A3D7TF77Fa6A9AD&7735CI0OCCE board meetings on a quarterly basis. The Board had three sub-committees, one covering People and Governance, one covering technical issues and the other Finance & Risk, all of which met regularly throughout the year. Trustees during 2024: Dr Graham MacKay (Chair) Harish Jani (Treasurer) Carol Morgan Sophie Healy-Thow Dr Jane Cocking Kavita Sethuraman (recruited May 20241 Renuka Jay3tissa Irecruited Oct 20241 Nadia Bunyan (recruited May 20241 Marie McGrath {retired March 20241 Megan Howe Dr Patrick Webb (resigned March 2024} Management Team The Management Team Chansed during 2024 with the departure of Tanya Khara and Marie McGarth from the management team and the addition of Anne Walsh in September 2024 as Technical Director with responsibilities as representative of the technical team. A new Communications and Digital Manager was recruited and joined the management team in August 2024, prior to this the role of Communications and Digital Manager had not been a member of the management team. The Management Team met regularly Ifortnightly both in-person and online) and oversaw all technical and operational aspects of ENN'5 work. ENN'S Management Team during 2024: Marie McGrath, Technical Director {Company Secretary to Jul) from Jan-sep Tanya Khara, Technical Director from Jan-sep Anne Walsh, Technical Directorfrom Sep-Dec Natalie Naber, Finance Manager (Company Secretary from Jul) Nigel Tricks. Chief Executive Officer Nicola Johnstone, Projects Coordinator Lead Kathryn North, HR Manager {also Data Protection Officer, Safeguarding and Security Officer) Willis Angira, Communications and Digital Manager from Aug-Dec ORGANISATIONAL CAPACITY AND FUNDING Funding and Financial Performance Income recognised during the period is outlined in sertion 13 of the financial statements, with a total of GBP £1,660,990 from 15 funders {Incoiiie £2.011.651 in 2023). ENN'5 key funding partners of 2024 include Irish Aid, Bill and Melinda Gates Foundation, Bureau for Humanitarian Assistance IUSAIDI and UNICEF. ENN benefited from 9 grants solely for recurrent funding for our Field Exchange publications and contributions to the Infant Feeding in Emergencies projert. £430,534 of grant funds received remains in deferred income to be recogni5ed as income in 2025 and 2026 vpun ctjmpletiun of the project deliverable5. The total funds balance at flnanclal year end 15 £650,050 unrestricted rpservp_s12023.. £628,775) Thp. rash balance at the yearend 3mount@d to £904.71612023= £832,194). Going Concern The trustees note that the uncertainty and challenges confronting the aid sector, outlined in previous years, remain. This is against a continued backdrop of contexts where the burden of malnutrition is high and are affected by an increasingly complex afray of factors that disrupt health and social and food systems at scale. The Board and Management team regularly discuss and assess the evolving risks and challenges in the sector and work adaptively to enable the important and valuable work of the charity to continue. Grifffin Stone Moscro &Co
Docusion Envelope ID.. A3D71 F7rJ7AF46AA-yA[)FL7735cIO0cCE ENN maintained a committed portfolio of funder5 in 2024. with a multiyear pipeline sufficient to Support its ivre activities. ENN returned a small, positive balance at the end of 2024 which has allowed it to maintain its reserves. ENN continues to focus on diversification of its donor portfolio. Rigorous cost and income analysis is routinely undertaken on all areas of work to ensure viability of the organisation and the projects it implements, as well as key controls on project spend, with a low risk tolerance on unrecoverable project overspends. The fixed costs of the organisation, remain low. Based on this, the trustees. whi15t accepting there are i(Jniern5 foi all nutiition charitie5 in the current environment, do not believe these present a material uncertainty to ENN as a going concern in 2025. Human Resources Our small, but highly effective team of both Technical (remotel and Operational {hybridl staff, continue to achieve high quality outputs with minimal resources, complemented by consultant contributions for project work as needed. ENN continues to offer a high percentage of flexible working arrangements with roughly half of all employees on part time contracts and just over half of the team working remotcly. 2024 Saw ENN onboard an Employer of Record to simplify the hiring of international staff. mitigating risk and mana£inR compliance with international laws. whilst enabling ENN to engage the best talent and to diversify its team. The formation ofthe Senior LeadershipTeam in November 2023 continued to provide additional strategic input, aiding management to simplifythe Technical Team structure, organising its projects within streams and portfolios. optimising both technical capacity and streamlining work allocation and reporting lines. Management continues to prioritise an inclusive and equitable culture, promotifjs collaboration and clarity (Jf our shared purpose. A collective exercise has begun with staff to define a set of ENN values that will guide ENN through the next stages of its development and provide a shared grounding for decision making and prioritisation, leading ENN to success against its strategy. ENN continues to seek more opportunities forteam cohesion and collaboration in 2025, via a Virtual Team Session that will focus on wellbeing in the woi kplaLe and colldborative input into the ENN values, as well as a 3-d3y in-person workshop to draw on our collective experience and p.xpp.rti5P to build on our current and future direction. Premises ENN continued to maintain our office during this period in Kidlington, Oxfordshire. RESERVES POLICY The reserves in ENN are made up solely of unrestrirted fund5. If ENN holds restricted funds, these are tied to the specific terms ofthe grants, contracts, or agreements with ourfunders. The unrestricted reserves thresholds remained the same as 2023 and which are made up as follows: Protected Reserves of £275,000- this level is to be reassessed annually by the Finance Sub-committee according to wind-down cost variations and must be sufficient to cover the non-recoverable costs for eligible project work prior to closure, 3 month5 of operating costs and 3 fflonth5 of critical staff costs, sLaLuLury redundancy payments. and a provision for other liabilities such as fin31 rent and dilapid3tions_ Revolving Investment Reserves will make up the balance ofthe unrestricted reserve5 fund. The goal is to build this to a minimum of £IOO,000. This reserve allow5 ENN to be more agile if there are funding delays or to invest in internal projects such as IT systems, strategy review, brand, website. The ENN Management Team will review individual project requirements from the Investment Reserve against set criteria, including alignment to strategy, impact, potential to secure future funding, relative contribution compared to annual budget, risk, brand criticality, and relevant cost redurtionloptimisation efforts. Griffin Stone Moscrop & Co
DncLl8iyn Envèlope ID.. A3D71FIB4J7BF46AA-9AD&773&h100CCE The investment reserve balance as of 31" December 2024 was £375.050. The Reserves Policy and ENN'S compliance with it are discussed at each trustee meeting and thresholds are reviewed annually. RISK MANAGEMENT ENN'S Management Team and Board of Trustees continued to manage, and oversee, risk throughout the year, and eiisure the organisatioii wa5 well managed. This included a detailed review of organi5ational Risk Register at quarterly management t@3m meetings anrl Bc)ard mgPtinE%_ ENN'S internal controls continue to be reviewed and improved. A number of policies were reviewed during the year including: Reserves Policy: Expenses Policy; Delegation of Authority Policy; Anti-Fraud, Bribery and Corruption Policy; Procurement Policy,. Safeguarding Policy; Code of Conduct- PSEAH. Data Protection Policy- Health & Safety Policy; Conflict of Interest Policy; EOI Policy: and Flexible Working Policy. A new Communication5 Policy wa5 also estiqbli51ied duriiig 2024. With regards to financial risk, ENN has readily realisable reserves. robust financial management software and continues to automate f inancial processes to mitigate risk of data handling. ENN also switched business banks during 2023, moving from the Co-op la GBP only bank) to the Natwestwith multi-currency accounts and stronger segregation of duties functionality. The transition to the Natwest was completed in 2024. ENN now operates GBP, EUR and USD currency accounts with linked savin85 accounts earning better interest and mitigating currency fluctuations and allowing for greater protection for intentional payments including lower bank charges. These systems improvements and associated ways of working will enable ENN'S team to make more real-time informed decisions and increase the efficiency and con51Stency of the control of risk. Griffin Stone Moscrop & Co CW¥q7£KDXCtsLWEmfs&RCtsSI£gEDAUDiroR
Docusryn Envelope ID.. A3D71F7B.D7BF48AA-gAD&773506100CCE EMERGENCY NUTRITION NEfwoRK IA company limiied by guarantee) CONTENTS Page Reference and administrative details of the Companyp its Trustees and advisers Trustees, responsibilities statement Independent audltors. report on the flnanclal statements statement of flnanclal actlvltles Balance sheet Statement of cash flows 10 Notes to the financial statements 11-24 Griffin Stone Moscrop & Co
Docu81yn Envelope ID.. A3D71F7B-D7BF-46M-9ADB.TT35LK5100CCE EMERGENCY NUTRITION NETWORK (A company limited by guarantee} REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 M McGrath (resigned 2 May 2024) Dr. J M Cocking Dr. G MacKay, Chair Dr P J Webb (resigned 2 May 2024} H Jani, Treasurer M Howe C Morgan S Healy-Thow Dr K Sethuraman (appointed 2 May 2024) Dr K L R Jayatissa (appointed 24 October 2024) N Bunyan (appointed 24 October 2024) Company registered number 04889844 Charity r8gistered number 1115156 Registered office 2nd Floor- Marlborough House 69 High Street Kidlington Oxfordshire OX5 2DN Independent auditors Griffin Ston8 Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit street London WC1N 3GS Bankers Natwest Parklands De Havilland Way Horwich BOon BL6 4YU Ecology Building Society 7 Belton Road Silsden Keighley BD20 OEE Co-operative Bank PO Box 101 1 Balloon Street Manchester M60 4EP Page 1 Grlffin Stone Moscrop & Co
Docusign Envelope ID.. A3D71 FYB-D7BF46QAD&7735O6lo0CCE EMERGENCY NUTRITION NETWORK IA company limited by guaranteè) STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees (who are also the directors of the Company for the purposes of ¢ompany law) are responsible for preparing the Trustees, report and the financial stalements in accordance with applicable law and United Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for 8ach financial Under Gcmpany law, the Trustees must not approve the financial statements unl8SS they are satisfied that they give a true and fair view of the slate of affairs of the Company and of ts incoming resources and application of resources, including tts income and expendilure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounling policies and then apply them consistently,. obseNe the methods and principl8s ofthe Charities SORP (FRS 102)., make judgements and accounting estimates that are r8asonable and prudent; state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explain8d in the financial statements- prepare the financial statements on the going concern basis unless it is inappropriat8 to presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and 8xplain the Company's transactions and disclos8 Wlth reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. Th8y are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for th8 prevention and detection of fraud and other irregularities. The Trustees are responsible for the mainténanc8 and integrity of the corporate and financial infomistion included on the Company's website. Legislation in the United Kingdom goveming the preparalion and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by order of the members of the board of Trustees and signed on its b8half by.. *isL H Janl TreaSur Dr. G MacKay Chair Date: 1 May 2025 Page 2 Grlffln Stone Moscrop & Co ITrNtDKCOLNfNr56EOfEDADITOPs
Docuslgn Env&lope ID.. A3D71fl&D7BF48A&9ADB-Tt3506100CCE EMERGENCY NUTRITION NETWORK (A company limited by guarantse) INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF EMERGENCY NUTRITION NETWORK Opinion We have audited Ihe financial statements of Emergency Nutrition Network (the 'charitable ¢ompanV) for the year ended 31 December 2024 vthich comprise the statement of financial aclivtties, the balance sh88t, the statement of cash flows and th8 related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generalty A¢pted Accounting PractlC8). In our opinion the financial statements- give a true and fair view of the stale of the charitabl8 CoMpanS affairs as at 31 December 2024 and of its incoming resources and application of resources, including its income and expenditure for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice" and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilitie5 under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the Iinancial slatements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wilh these requirements. W6 believe that th8 audtt evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial statements, we have concluded that the Trustees, use of the going concem basis of accounting in the preparation of the financia statements is appropriate. Based on the work we have performed, we have not identified any material uncertainti8s relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial stat8m8nts are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Page 3 Griffin Stone Moscrop & Co CHAkfETrEDIttOlNfANts&STrE0AEHTc
Docuslyn Envelope ID.. A3D71F7B.D7BF46m-9AD773So6lO0CCE EMERGENCY NUTRITION NETWORK (A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF EMERGENCY NUTRITION NETWORK (CONTINUED other Inforniation The other information comprises the infomiation included in the annual r8POrt other than the financial statements and our auditors, report thereon. The Trustees are responsible for the other infomalion contained wilhin the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consid8r whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or othemise appears to be materially misstated. If we identify such material inconsist8nci@s or apparent materi81 misstatements, we are required to det8nnine whether this gives rise to a material misstatement in the financial 8tatemenls th8mselves. If, based on the work we have perfomied, we conclude that there is a material misstatement of Ihis other information, we are required to report that fact. We have nothing to report in this regard. Oplnlon on other matters prescrib8d by the Companies Act 2006 In our opinion, based on the work undertaken in the course of th8 audit: the information given in the Trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statemenls. the Trustees, report has been prepared in accordance with applicable legal r4uirements. Matters on which w8 ar8 r8quir8d to report by exception In the light of our knowledge and understanding of the charitab18 Company and its environment obtained in Ihe course of the audtt. we have not identified material misstalemenls in the Trustees, report. We have nothing to r8port in respect of the following matter5 in relation to which Companies Act 2006 requires us to report to you rf, in our opinion= adequate accounting records have not been kept, or returns adequate for our audil have not been received from branches nol visited by us., or the financial statements are not in agreement with the accounting records and retums" or certain disclosures of Trustees, remuneration specified by law are not mad8; or we have not received all the information and explanations we require for our audit,. or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and lake advantage of the small companies. exemptions in preparing the Trustees, report and from the requirement to prepare a Strategic report. Pag8 4 Grfffln stone Moscrop & Co
Docusign Envelope ID.. A3D71F7&D7BF46AA-9AD&77350610CCCE EMERGENCY NUTRITION NETWORK (A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF EMERGENCY NUTRITION NETWORK (CONTINUED) Responsibilitles of trustees As explained mor6 fully in the trustees, re5ponsibilÉties statement, the Truslees (who are also the directors of the charitable company for the Purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give 8 tnje and fair view, and for such intemal control as the Truslees determine is necessary to enable the preparation of financial statements that are free from material misstatemenl, whether due to fraud or error. In preparing the financial statements, the Truslees are responsible ft)r assessing the charitable compantys ability to continue as a going concern, disclosing, as applicable. matters related to going concern and using the going concem basis of accounting unless the Trustees either intend to liquidate Ihe charitable company or to cease operations, or have no realistic atternative but to do so. Page 5 Grlffln Stone Moscrop & Co C14JRTWDIQC(thTANB&PEGtsTEW14LJ)JT¢s
DotAJsion Env&10 ID.. A3D71F7&D7BF46M_9AD&TT3506100CCE EMERGENCY NUTRITION NETWORK (A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF EMERGENCY NUTRITION NETWORK (CONTINUED) Auditors, responsibilities for the audil of the financial ststsments Our objectives are lo obtain reasonable assurance about whether th8 financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor5, report that includes our opinion. Reasonable assurance is a high level of assuran, but is not a guarantee that an audit conducted in accordan with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can aris8 from fraud or error and are considered material if, individually or in the aggr8gate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregulartties, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is d8tai18d below: cArrying out substantive checking to supporting documents on a sample basis of individual transactions within income and expenditure lo give comfort that on a sample basis the SOFA does not contain any irregular it8ms' carrying out walk-through testing to verify that the charitls acwunting syst8ms and controls are being 4mpl8mented as designed., and verifying that material balances within the Balance Sheet are supported by third paty evid8nce to confirm the existence and valuation of these balances at the balance sheet date. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non(omplIan with regulation. This risk incr&a8e8 the more that Gompliance wtth a law or regulation is rcmovcd from thc event= and transactions reflecled in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rath8r than error, as fraud involves intentional Conalment, forgery. collusion. omission or misrepresentation. As part of an audit in accordance with ISAS (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial slatemenls, wh6ther due to fraud or error, design and perform audit procedures responsive to those risks, and obtsin audit evidence that is sufficient and appropriate to provid8 a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involv8 ollusion, forgery, intentional omissions. misrepresentations, or the override of intemal control, Obtain an understanding of int8rnal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the charitable companys internal control. Evaluate the appropriateness of accounling policies used and the reasonableness of accounting estimates and related disclosures made by the Trustees. Conclude on the appropriateness of the Trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty e$t$ related lo events or conditions that may cast significant doubt on the charitable companws ability to continue as a going conc8m. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors. report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audrt evidence obtained up to the date of our auditors, report. However, future events or conditions may cause the charitable company to cease lo continue as a going concern. Evaluate the overall presentalion, structure and content of the financial statements, including the disclosures, and wh8ther the financial statements represent the underlying transactions and events in 8 Page 6 Griffin Stone Moscrop & Co CFiARIEFEDP(C(INT4F®1s1EAUDlToR5
Do¢u8iyn Envelope ID.. A3D71F7B-D7BF-4fj9AD7735O6lo0CcF EMERGENCY NUTrITION NETWORK IA company Ilmited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF EMERGENCY NUTRITION NETWORK {CONTINUED manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matt8rs, the planned scope and timing of the audit and significant audit findings. including any significant defici8ncies in internal control that we identify during our audit. Use of our report This report is made solely to the charitable wmpanvs trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charilable ompany's trusl&es those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibilty to anyone other than the charitable companls and IES trustees, as a body, for our audit work, for this report, or for the opinions we have fomied. Robert Smith (senlor statutory audltor) for and on behalf of Griffin Stone Moscrop & Co Chartered Accountanls statutory Auditors 21-27 Lamb's Conduit Street London WC1N 3GS Date: ? /f /znr Page 7 Grlffin Stone Moscrop & Co c14ART[CthlTP&I[5IREEIEAlfOR5
Docuslgn Envelow ID.. A3D71F7&D7BF46AA-9AD&Tf35Cfj100CCE EMERGENCY NUTRITION NETWORK (A company Ilmlted by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Note Income from: Charitable activrf(ies Inveslm@nts 1,644.928 6.430 1,305 8.327 1,646,233 14,757 2,008,352 10,860 Total Income 1,651,358 9.632 1,660,990 2,019,212 Expendlture on: Charitable activities 1.344,994 294,721 1,639,716 1,702,029 Total exp8nditure 1,344,994 294,721 1,639,715 1,702,029 Net Incom81{8xpenditure> Transfers between funds 306.364 (306,364) (285,089 306,364 21,275 317,183 13 Net movement in funds 21,275 21,275 317,183 Reconclllation of funds: Total funds brought forward Net movemant in funds 628.775 21.275 628,775 21,275 311,592 317,183 Totsl funds carried fonKard 650,050 650,050 628,775 The Statement of financial activities includes all gains and losses recognised in the year, The notes on pages 11 to 24 form part of these financial stat8ments. Page 8 Griffin stone Noscrop & Co 04KF.0CHr4N®I5IEREDALllxF(
Dowslgn Envelope ID.. A3D71F7&D7BF46AA-gADB-773506100CCE EMERGENCY NUTRITION NEfwoRK (A company limited by guarantee) REGISTERED NUMBER: 04889844 BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Tangible assets 5,066 5,086 Current assets D8btors Cash at bank and in hand 10 259.582 904,716 182,126 832,194 1.164,298 1,014,320 Creditors.. arnounts falling due withiri one year 11 (514,248> (390,611) Net current assets 650,050 623.709 Total assets less current liabilities 650,050 628,775 Total net assets 650,050 628,775 Charlty funds Restricted funds Unrestricted funds 13 13 650,050 628,775 Total funds 650,050 628,775 The Trustees acknowledge their r8sponsibililies for complying wtth th8 requirements of the Act with respect to accounting records and preparation of financial statements. The financial statemenls have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial stalements were approved and authorised for issue by the Trustees and signed on their behalf by- Dr. G MacKay Chair Tr8asurer Date: 1 May 2025 The notes on pages 11 to 24 fomi part of these financial statements. Page 9 Grlffin Stone Moscrop & Co c&TEE4CcONF5lpEG51DALT0R8
Do¢usan Envelope ID: A3D71F7&D78F46AA-9At)&773506100CCE EMERGENCY NUTRITION NETWORK (A company limited by guaranteel STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Cash flows from operating activities Net cash used in operating activities (Note 14) 57,766 68,629 Cash flows from Investlng act]vltles Dividends, int8rests and rents from investments Purchase of tangible fLxed assets 14,757 10.860 17,176) Net cash provided by investing activities 14.757 3,684 Cash flows frorn financing activities Net cash provided by financing activities Change In cash and cash equlvalents In the year Cash and cash equivalents at the beginning of the year 72.522 72,313 832,194 759,881 Cash and cash èqulvalonts at tho ond of tho yoar 904,716 832,194 Th@ notes on pages 11 to 24 form part of these financial statements Page 10 GrlfFin Stone Moscrop & Co 14KrEI>AccfXJNTA+IFS8G5Tc.RLvWIrS
Docu8i9n Envelope ID.. A3D71F7&D7BF46AA-9AD&7735U6100CCE EMERGENCY NUTRITION NETWORK IA company limlted by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General Information Emergency Nutrilion Network is a registered charity with the Charity Commission for England & Wales (charity number. 1115156) and a private cclnpany limited by guarantee, incorporated in England and Wales (company numb8r'. 04889844). The princrpal place of business can be found on the referen and administrative details page. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance witti 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. Emergency Nutrition NeOrk meets the d8finition of a public benefrt entity under FRS 102. Assets and liabiliti8s are Initial recognised at historical cost or transaction value unless otherwise slated in th8 relevant accounting policy. 2.2 Income All income is recognised once the Company has entitlement to th8 income, it is probable that th8 income will be reGeived and the amount of income receivable can be measured reliably. Grants are included in the statement of financial activities on a receivable basis. Funds are being malched against costs as they arise at which point the Company has 8ntit18ment to the income. Where funds are received in advan of entitlement to the income, its recognition is deferred and included in creditors as deferred income. Where entitlement to the income occurs before receipl of the funds (due to the grant being paid in aears}, the income is accrued. 2.3 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligalion can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs atlributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which a not attributable to a single activty are apportioned between thos8 activities on a basis consistent with the us8 of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activiti8s is incurred on directly undertaking the activities which further the Companvs objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. Page11 Griffin Stone Moscrop & Co
Dottuslgn Envelope ID.. A3D71F7B-D7BF46AA-9AD&TK3506100CCE EMERGENCY NLrrRITION NETWORK (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policies (continued) 2.4 Interest receivable Inter8st on funds held on deposit is included when receivable and th8 amount can be m8asured reliably by the Company,, this is normally upon notification of the interest paid or payable by the institution with whom th8 funds are deposited. 2.5 Tanglble flxed assets and depreclatlon Tangible fix8d ass6ts costing £3,000 or more are capitalised arKI recognised when future economic benefiis are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets ar8 initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairmenl losses. All cosls incurred to bring a tangible fixed asset into ts intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible red assets less their residual value over their estimated useful Iiv8s, using the straight-line method. Depreciation is provided on the following basis= Leasehold improvements over the life of the lease. 2.6 Debtors Trade and other debtors are recognised at the settlement amount after any trad8 discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.7 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity ofthree months or less from the date of acquisition or opening of the deposit or similar account. 2.8 Liabllltles and provisions Liabilities are recognised when there is an obligation al the balance sheet dat8 as a result of a past event, it is probable that a Iransfer of economic benefit will be required in settlement, and the amount of the settlement can be 8Stimated reliably. Liabilities are recognised at the amount that the Company anticipat88 It wll pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time valu8 of money is material, the provision is based on the present value of Iho88 amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. Th& unwnding of the discount is recognised in the statement of financial activitiès as a finance cost. Page 12 Grfffln Stone Moscrop & Co
Dowsign Envelope ID: A3D7IF7B-D7BF48AA-9ADB-773lO0CCE EMERGENCY NUTRITION NETWORK IA company Ilmlted by guarante8 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies {continued) 2.9 Flnanclal instruments The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instwments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.10 Pensions The Company operales a defined contribution p8nsion scheme and the pension charge represents the amounts payable by the Company to the fijnd in respect of the year. 2.11 Fund ac¢ounting General funds are unrestricted funds which are available for use 8t the discretion of the Truste8s in furtherance of the general objectives of the Company and which have not been designat&d 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 Company for particular putposes. The costs of raising and administering such fund5 are charged against the specific fund. The aim and use of each r8Stricted fund is set oui in the notes to the financial statements. Income from charitable activities Restricted Unrestrlcted funds funds 2024 2024 Total funds 2024 Income from charitable adivities 1,644,928 1,305 1,646,233 1,644,928 1,305 1,646,233 Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Income from charitable activities 2.007,651 701 2,008,352 2,007,651 701 2,008,352 Page 13 Griffln Stone Moscrop & Co cH4pA>NTANI$&BfG5WJDl
Do¢usiQn Envelope ID.. A3D71F7&D7BF46M-9AD&77310occE. EMERGENCY NUTRITION NETWORK (A company limited by guarant88Tr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Investment incom8 Restricted Unrestrlcted funds funds 2024 2024 Total funds 2024 Inv6Stment income 6,430 8,327 14,757 6,430 8,327 14,757 Restrict8d Unrestricted funds ftjnds 2023 2023 Total funds 2Q23 Investment income 3,999 6.861 10,860 3,999 6,861 10,860 Analysis of expenditure by activities Activities undertaken directly 2024 Support costs 2024 Total funds 2024 Charitable activities 1,354,536 285,179 1,639,715 1,354,536 285,179 1,639,715 ActivÈties undertaken directty 2023 Support costs 2023 Total funds 2023 Charitable activities 1,404,736 297,293 1,702,029 1,404,736 297,293 1,702,029 Page 14 Griffin Stone Moscrop & Co HERE9*£coUNtOX&EGSTEREDAVDO
Do(xJslOn Envelope ID.. A3D71 F7&D7BF46AN9AD77350S1oCE EMERGENCY NUTRITION NEIWORK IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysls of expendlture by actlvltles Icontlnued) Analysls of dlrect costs Total funds 2024 Total funds 2023 Staff costs Travel & subsistence Consultancy fees Other charitable expenditure Office costs 887.779 31,284 385,832 36,442 14,199 775,466 47,198 473,821 97,152 11,099 1,354,536 1,404,736 Analysi5 of support Gosts Total funds 2024 Total funds 2023 staff costs Op&rating lease charges Travel & subsistence Office costs Exchange rale variance Consultancy fees Governance costs 182,313 22,341 223,578 21,045 10,367 73,968 (41,829) 2,651 7,513 86,181 (16,807 11,151 285,179 297,293 Auditors. muneratIon The auditors, remuneration amounts to an auditor fee of £7,500 (2023 - £7,200). P8ge 15 Griffln Stone Moscrop & Co CWTW.0KCCANrNsRElEftEDAuD
Docusijn Envelope ID.. A3D71F/B-D7BF-489AD773So6lO0CCE EMERGENCY NLrfRITION NETWORK (A company Ilmfted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Staff costs 2024 2023 Wages and salari8S Social security cosls Contribution to defined contribution pension schemes 927,320 97,386 45,386 870,048 87,023 41,973 1.070,092 999,044 The average number of persons employed by the Company during the year was as follows: 2024 2023 No. staff 23 24 The number of employees whose employee benefits (excluding employer pension costs) exceeded £80,000 was: 2024 No. 2023 No. In the band £80,001- £70,000 In the band £70,001- £80,000 In the band £80,001- £90,000 In the band £90,001- £100,000 In the band £100,001- £110,000 The key managem8nt personnel of the charity consisl of the board of trustees, the Chief Executive Officer, the Technical Directors, Finan Manager, Communications and Digital Manager, Project Coordinator Lead and HR Manager. Total employee benefits paid to Key Management Personnel during the year was £428,567 (2023 - £388,284). Trustses. remuneration and expenses During the year, orTe or more Trustees has been paid remuneration or has receiv8d other benefits from an ernployment with th8 company. This is in relation to their role as Technical Director and is permitted by the goveming document. The amounts paid are included within the above Key Management Personnel disclosure. During the year ended 31 Decemb&r 2024, expenses totalling £231 were reimbursed to 3 x Trustees <2023- £nil). Page 16 Griffin Stone Moscrop & Co (PlER([iMIT1TS®tslERED1lT(
Do¢uslAn Envelopé ID.. A3D7lF7B-D7BF49AD7735Q8lo0CCE EMERGENCY NUTTIoN NETWORK IA company limited by guarant88) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Tangible fixed assets Leasehold Improve- ments Cost or valuation At 1 January 2024 7,178 At 31 December 2024 7,176 Depreciation At 1 January 2024 Charg8 for th8 year 2,110 5,066 At 31 December 2024 7,176 Net book value At 31 December 2024 At 31 December2023 5,066 10. Dobtor5 2024 2023 Due within one yéar Trade debtors Other debtors Prepayments and accrued income 146.355 9,612 103,615 168,379 13,747 259,582 182,128 Page 17 Griffin Stone Moscrop & Co
Docusian Envelope ID.. A3D71 F7B-D7BF-46AA-9AD7l3So611]OcCE EMERGENCY NUTRlON NETWORK IA company limlted by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11. Creditors.. Amounts falling due within one year 2024 2023 Trad8 creditors other laxation and social security other creditors Accruals and deferred income 22,611 29,229 1.353 461,055 65,455 24,461 6,817 293,878 514,248 390,611 2024 2023 Deferred income at 1 January 2024 Resources deferred during the year Amounts released from previous periods 247,192 566,192 399,705 10,700 1216,363} (329,700) 430,534 247,192 Deferred income amounts relate to grants received covering More than one accounting period. The amounts reflected above denote deferred income relating to 2024. 12. Flnancial instruments 2024 2023 Financial assets Financial assets m8asured at fair value through income and expenditure 904,716 832,194 Financial assets measured at fair value through income and expenditure compris8s cash at bank and in hand. Pag8 18 Gtlffin Stone Moscrop & CD
Docu8iQn Envelope ID.. A3D71F78-D78F46AA-9AD&773506100CCE EMERGENCY NUTRITION NETWORK {A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Statement of funds Statement of funds - current year Balance at 31 December 2024 Balance at 1 January 2024 Transfers inlout Income Expenditure Unr8strict8d funds General Funds 628.775 9,632 (294.721 306,364 650.050 Restrlcted funds London School of Hygeine and Tropical Medicine Bureau for Humanitarian Assistance UNICEF Irish Aid Save The Children Th8 Bill and M81inda Gates Foundation other restricted fund5 55,894 (49.683) (6,211) 272,224 206,806 859,787 10.884 1272,224) 1199,469) (7,337) 1601.851) (257,936) (10.884) 205,161 40,602 (178,401) (32,482) {26,760) 18.120 1.651,358 {1,344,994) (306,364 Total of funds 628.775 1.660,990 {1,639,715) 650,050 P89e19 Griffin Stone Moscrop & Co (H4RIEPEVP£C(RjNTAN&R@sfEBEDATcRS
Docusi4n Envelope ID.. A3D71F7&D7BF46M-9ADB-7735C6100CCE EMERGENCY NUTRITION NETWORK (A Gompany limited by guarante8) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Stalement of funds Icontinued) ststement of funds - prior year Balance at 31 D8cember 2023 Balanc8 at 1 January 2023 Transfers inlout Income Expendtture Unreslrlcted funds General Fund8 311,592 7.562 (119,956) 429.577 628,TT5 Restricted funds London School of Hygeine and Tropical Medicine Bureau for Humanitarian Assistance The Waterloo Foundation UNICEF Eleanor Grook Foundation Irish Aid Save The Children World Food Program The Bill and Melinda Gates Foundalion other restricted funds 36,645 (32,574) 14,071) 169,689 108,127 246.182 202.452 957.664 4,050 40.161 (169,689) 190,106) (18,021) (240,025) (6,157) (134,856) {67,596) (670,805) (286,859) (4,050) (32,129) 18,032) 208,938 37,742 (177,647) (30,192) (31,291) (7,550) 2.011,650 (1,582,073) (429,577) Total of funds 311,592 2.019,212 (1,702,029) 628,775 Page 20 Griffin Stone Mascrop & Co
Docusign Envelope ID: A3D71F7&D7BF46AA-9AD&TT3506100CCE EMERGENCY NUTRITION NETWORK (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14. Analysis of net assets between funds Analysls of net assets between funds - current perlod Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Current assets Credilors due within one year 483,666 (483,666) 680,632 1.164.298 {30,582) (514.248) Total 650,050 660,050 Analysis of net assets b8tw8en funds - prior period Restricted Unr8Stricted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year 5,066 5,066 854,987 1,014,320 (31,278) {390,611) 359.333 (359.333) Total 628,775 628,775 15. Reconciliation of net movement in funds to net cash flow from operating actlvllles 2024 2023 Net income for th8 P8riod (as per Statement of Financial Activities) 21,275 317,183 Adjustrn8nts for: Depreciation charges Dividends, interests and rents from investments (Increase)Idecrease in debtors (Decrease}lincrease in Creditors 5,066 (14,757) (77,456) 123,637 2,110 {10,860) {39,347) (200,457) Net cash provided by operating activities 57,765 68,629 Page 22 Griffin Stone Moscrop & Co
Docuslgn Envèlopè ID: A3D71F7&D7BF46AIF9Nn&7735061tKICCE EMERGENCY NUTRITION NETWORK (A company limited by guarantee) NOTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 18. Analysis of cash and cash equivalents 2024 2023 Cash in hand Notice deposits (less than 3 months) 739,692 165,024 821,314 10,880 Total cash and cash equlvalents 904,716 832,194 17. Analysis of changes in net debt At1 January 2024 Cash flows At31 December 2024 Cash at bank and in hand 832,194 72,522 904,716 832,194 72,522 904,716 Page 23 Griffin Stone Moscrop & Co CHAKtEW*£((iNf#bNs®TETrEDAuDo
Docuslgn Envelop6 ID: A3D7IF7&D7BF46m-gAD7735O610QCCE EMERGENCY NUTRITION NETWORK (A company limiied by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 18. Penslon commltments The charity operat8s a d8fin8d contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund, The pension cost charge represents contributions payable by Ihe charity to the fund and amounted to £45,386 (2023- £41,973). No amounts were payabl8 {2023- £nil) to the fijnd at the balance sheet date. 19. Operating lease Gommitments At 31 December 2024 the Company had commitments to make future minimum18as8 payments under non-cancellable operab'ng leases as follaws: 2024 2023 Not later Ihan 1 year 13,800 13,068 20. Related party transactlons The Company has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Company at 31 December 2024. Page 24 Griffln Stone Moscrop & Co