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2021-07-31-accounts

REGISTERED CHARITY NUMBER: 1136381

REGISTERED COMPANY NUMBER: 06506079 (England and Wales)

LOVEWORKS.ORG LIMITED

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021

LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2021

Table of Contents

Company Information ................................................................................................................................................. 3 Report of the Trustees................................................................................................................................................. 5 Independent Examiner’s Report .................................................................................................................................10 Statement of Financial Activities .................................................................................................................................11 Statement of Financial Activities (comparative figures) ...............................................................................................12 Statement of Financial Position ..................................................................................................................................13 Notes to the Financial Statements ..............................................................................................................................14

Page 2

LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2021

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2021. The financial statements have been prepared in accordance with The Statement of Recommended Practice ("SORP") applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS102) and The Charities Act 2011.

Company Information

Registered Company number 06506079 (England and Wales) 06506079 (England and Wales)
Registered Charity number 1136381
Registered office First Floor Offices
3a-7a Bell Street
Reigate
RH2 7BH
Trustees Stephen Vickery (Chair)
Imogen Astley Marsh (Appointed 26 July 2021)
Jane Chappell (Appointed 14 January 2021)
Julian Ellacott
Alexander McTavish (Treasurer)
Karen Neil (Company Secretary)
Nick Skelton (Appointed 20 October 2020)
Susanna White
Isabel Wootton
Independent Examiner Lynn Bailhache
Bailhache Linton LLP
Bourne House
475 Godstone Road
Whyteleafe
CR3 0BL

Governing document

Loveworks.org Limited is a charitable company limited by guarantee, as defined by the Companies Act 2006. The company was established under the Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

At 31 July 2021 there were 9 members (7 at 31 July 2020).

Page 3

LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2021

A summary of the objectives of the charity

Loveworks is a local charity based in Reigate, Surrey with a mission to improve the lives of the local community through food. Our vision is that we will work in partnership with the local community to:

  1. Meet emergency food needs : Through the provision of food parcels to those experiencing food povery.

  2. Provide fresh produce : From local allotments that we manage in partnership with other allotment holders so that our food parcels are full of goodness.

  3. Prevent the recurrence of food poverty : Through signposting, education and partnerships so that we can support people not to need us again.

Page 4

LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2021

Report of the Trustees

Chairman’s report

This year saw us settle into our new warehouse facility at Redhill 23 on the Holmethorpe Industrial Estate. It has provided a focal point for staff and volunteers to meet, sort and store donated food and pack our parcels. It has given us all at Loveworks a home to be proud of and greatly improved our efficiency.

An efficient system has been of paramount importance, as the number of parcels we gave out increased significantly from the previous year. Moreover, the continuing pandemic meant we were still having to deliver the vast majority of our parcels. Our organisation of these deliveries was greatly improved when we were kindly donated a van by Raven Housing Trust and Leaseplan. We had the van wrapped, so our visibility around the area has increased.

The devastating effect of the pandemic meant we found it difficult to help our beneficiaries become less dependent on our food banks, but this is something we have begun to strongly focus on again.

We have continued to focus on helping the local community through food and the Munch@Home and community allotment have proved successful again this year.

With the new warehouse and the increase in demand for our services comes a much increased overhead, but thanks to significant grants from Reigate & Banstead Council and Surrey County Council along with donations from local businesses, individuals and many other organisations we are in a reasonably strong financial position. The Trustees have decided to keep our reserve policy at £52,500 to safeguard the day-to-day operation and ensure cover for at least 6 months of activity and a year of property overheads.

There seems to be some light at the end of the tunnel with regards to the pandemic and I would not be surprised to see the economy improving significantly and employment prospects with it. However my main concern is the increase in the cost of living and the effect enormous hikes in utility bills will have on people who already struggle to make ends meet. This will undoubtedly see more local families and individuals come to us for support, but I am confident we are in a robust enough position to provide that help.

Loveworks has continued to be a lifeline for a significant number of our local community this year and this has only been achieved through the hard work of our staff and fabulous volunteers, the support of our partner agencies and the generosity of our donors. Thank you all!

Steve Vickery

Chairman

Page 5

LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2021

Charity Officer’s Report

Loveworks plan for the financial year 2020-2021, as set out in the previous annual report, was to continue focussing on responding to the on-going Covid-19 situation and meeting what was expected to be a continued increase in demand.

Our priorities were:

The decision to take on a warehouse fundamentally changed the way we had to run the charity and along with covid restrictions had a major impact on working practices, staff, volunteers and required funding. 2020-21 saw a real step change in the size of the charity and challenges we had to face. Thanks to the incredible support of our volunteers, local community and businesses, Reigate and Banstead Council, Surrey County Council and numerous other donors and supporters we have been able to respond and grow accordingly.

Food Banks

We continued to cover Reigate and Merstham postcodes whilst also extending our catchment to Hooley, Netherne and Nutfield. The warehouse became our hub for donations sorting, stock storage and parcel packing. We held weekly ‘non-contact’ food banks in Merstham and Woodhatch whilst also delivering many weekly parcels using volunteer drivers.

From Aug 2020-July 2021 we gave out 3,016 food parcels which is an increase of 100% on 2019-2020 and 300% on the previous year.

In total these food parcels fed 7,441 individuals (compared 4,014 the previous year). Of this number 2,533 were children. Please note that some of the parcels/individuals will have been for the same people due to referrals normally being for an average of 6 weeks.

Based on an average cost per parcel we estimate that the cost of the food handed out was over £190,000 , which is more than double the previous year.

Although we saw an increase of numbers in all geographical areas the most significant was in Reigate, where we saw a need across the town rather than just in Woodhatch (South Reigate).

In June 2020 we started supporting St Matthews (Redhill) food bank by providing 15 parcels per week for asylum seekers.

Number of parcels distributed per month (Aug 2020-July2021)

Page 6

LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2021

Donations

Donations of food and financial support were more critical than ever.

The pandemic impacted many of our normal donation sources but we are extremely grateful to the large amount of food and cash donations that, despite difficult times, we continued to receive from individuals, schools, businesses, Covid mutual aid groups, Trusts, churches, fundraising events and grants. We were particularly grateful to the food support from Reigate and Banstead Council and grants from them and Surrey County Council as part of their Covid Community response.

We had amazing responses to our Harvest and Christmas campaigns, many thanks to the schools, churches and individuals who were so generous with their donations.

Despite all of this we had to subsidise our stock with large purchases of food so financial support and grants were essential.

Food Poverty Prevention & support

Our refined referral process and close working with our professional referral agencies, other food banks, food clubs and Reigate & Banstead Borough Council is helping us to continue to review the needs of our beneficiaries and support them in moving away from food bank dependency. This was a major challenge during the pandemic as we saw re-referrals soar and will continue to be a focus for next year.

Community Allotment

The Community Allotment project continued running throughout the year producing fresh food for the food bank and Merstham Community fridge. We are indebted to our small team of volunteers and the Community Payback Team who have regularly worked to keep the allotment plots looking fabulous and growing produce. We were featured in Surrey Life in a feature on Community Gardens.

We were chosen by Probation Services as one of their showcase Community Payback projects and had a visit from the Permanent Secretary (Ministry of Justice) and the Head of Probation. This was a real credit to Laura, our volunteer project leader, and her team for the excellent relationship they have nurtured with the Community Payback Team.

Munch (Holiday Hunger)

Munch@Home continued until March 2021 when schools re-opened. On a fortnightly basis, targeted families (referred by the Red Oak Family Centre), were sent a parcel containing an activity, recipe card and ingredients with which to make a nutritious main meal and dessert for the whole family.

We tried to run some school holiday sessions in Aug 2020 and April 2021 but they were poorly represented and difficult to organise due to covid restrictions. A decision has been made to review ‘Holiday Hunger’ needs and the Munch Project post pandemic.

Volunteers & Staffing

We are indebted to and proud of our committed team of over 80 volunteers.

It has been a challenging but rewarding year for all of us. We had to recruit and train new volunteers and keep on top of complicated rotas, fluctuations in beneficiary numbers and changes impacted by covid. Our food bank teams collected and sorted mountains of donations, stacked shelves and packed, delivered or handed out food parcels in addition to numerous other ad hoc requests for help.

The Garden Project volunteers have managed themselves and the Community Payback team to produce excellent results. Loveworks volunteers continually demonstrate their loyalty and dedication to the Charity and its aims.

The Warehouse gave us the opportunity to have young people volunteering and we have a keen team of 6 Duke of Edinburgh award students helping weekly.

Loveworks continued to have 3 part-time members of staff, joint Charity Officers (25 hours each per week) and a Charity Support Officer (12 hours per week).

Page 7

LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2021

Corporate Business and Community Engagement

The generosity of local church communities has been invaluable in providing regular donations, particular thanks to All Saints Church Merstham, Merstham Baptist Church and St Margaret’s Chipstead.

Awareness of food banks has increased during the pandemic and we have seen the effect locally. There were increases in food and financial donations from individuals plus volunteer applications. The local Covid Mutual aid groups brought in large quantities and donations at supermarkets increased.

We were the first charity partner of ‘Love Reigate’ and benefitted from a percentage of their membership fee and increased exposure.

Many thanks to continued support from Mertsham Cricket Club who hold a monthly donations event for 3 local charities.

Funding

We are grateful to Reigate and Banstead Borough Council for another core funding grant which helps provide stability to our service.

The Covid crisis put a stop to our fundraising plans but we benefited from some inspirational fundraisers – walking, swimming, running and a variety of other activities for Loveworks.

The crisis also saw a number of grants and large donations which were critical to our immediate needs and preparing for future impact, these included Surrey County Council Winter Grant, Reigate and Banstead Borough Council Covid Support, Community Foundation for Surrey and Raven Housing Trust .

There is now a realisation that we have grown as a charity, driving a need to review our strategy and continue postpandemic planning whilst also meeting changing service demands.

We will consolidate and improve our food bank procedures and continue working with professional agencies to reduce re-referrals and dependency on food banks.

Kate& Millie

Loveworks Charity Officers

Page 8

LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2021

Recruitment and appointment of new trustees

An initial approach is made by one of the existing Trustees, who meets with the prospective trustee and outlines the nature and responsibilities of the role. The prospective trustee then meets informally with the rest of the board. Subject to board acceptance and a unanimous vote in favour, the new trustee is appointed, subject to due diligence (including where appropriate a DBS check).

The new trustee is given a summary pack of the charity’s history and work to date, a copy of the charity’s constitution and a Charity Commission document outlining the role of a trustee.

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.

Statement of Public Benefit

The trustees have paid due regard to the guidance on public benefit produced by the Charity Commission and are confident that the work of the Charity meets all the criteria for public benefit.

Trustees Responsibilities in relation to the financial statements

The Trustees are required by company law to prepare financial statements for each financial year, which give a true and fair view of the financial activities of the charity and its financial position at the end of the year. In preparing those statements the Trustees are required to:

The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time, the financial position of the charity and enable them to ensure that the financial statements comply with S419(2) of the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Financial review and Trustee Reserves Policy

The financial position of the charity improved over the year with total reserves carried forward of £188,479, reflecting the increased level of grants and donations during the pandemic. However, offsetting this improved level of income, the charity also faces an increased ongoing level of running costs both in terms of our operations and of food purchases to support our community.

In November 2020 the trustees approved a revised Reserves Policy, which stipulates maintaining free reserves of at least £52,500, to provide for premises costs and other committed running costs for a period of at least one year and staff costs for a period of six months. This will continue to be reviewed on an annual basis.

ON BEHALF OF THE BOARD :

........................................................ Trustee

31 March 2022

Date: .............................................

Page 9

LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2021

Independent Examiner’s Report

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2021 set out on pages 11 to 18.

Responsibilities and basis of report

As the charity's trustees (who are also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligable for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination I have followed the directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the Companies Act 2006; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the accounts give a “true and fair view” which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and priciples of 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 the Republic of Ireland (FRS 102).

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

.......................................................

Lynn Bailhache

FCCA (Fellow of the Association of Chartered Certified Accountants)

Bailhache Linton LLP

Bourne House

475 Godstone Road

Whyteleafe

CR3 0BL 11/04/2022 Date: ..............................................

Page 10

LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2021

Statement of Financial Activities

Statement of Financial Activities
2021 2020
Unrestricted Designated Restricted Total funds Total funds
funds Funds funds £ £
Notes £ £ £
INCOME FROM:
Donations 292,027 - 71,074 363,101 208,460
Activities for generating funds 2 3,989 - - 3,989 22,571
Investments 3 - - - - -
Total income 296,016 - 71,074 367,090 231,031
EXPENDITURE ON:
Raising funds
Costs of generating income 4 3,193 - - 3,193 4,688
Charitable activities
Achieving charitable objects 5 213,223 - 57,481 270,704 117,694
Support costs 6 39,587 - - 39,587 8,082
Governance costs 7 3,271 - - 3,271 1,579
Total resources expended 259,274 - 57,481 316,755 132,043
NET INCOME/(EXPENDITURE) FOR THE
YEAR BEFORE TRANSFERS		 8 36,742 - 13,593 50,335 98,988
Transfers between Funds - - - - -
NET INCOME/(EXPENDITURE) FOR THE
YEAR		 36,742 - 13,593 50,335 98,988
RECONCILIATION OF FUNDS:
Total funds brought forward 69,747 52,500 15,897 138,144 39,156
TOTAL FUNDS CARRIED FORWARD 106,489 52,500 29,490 188,479 138,144

The statement of financial activities includes all gains and losses recognised in the year.

All incoming resources and resources expended derive from the continuing activities.

The notes on pages 14 to 18 form part of the financial statements.

Page 11

LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2021

Statement of Financial Activities (comparative figures)

2020 2020
Unrestricted Designated Restricted Total funds
funds Funds funds £
Notes £ £ £
INCOME FROM:
Donations 186,607 - 21,853 208,460
Activities for generating funds 2 22,571 - - 22,571
Investments 3 - - - -
Total income 209,178 - 21,853 231,031
EXPENDITURE ON:
Raising funds
Costs of generating income 4 4,688 - - 4,688
Charitable activities
Achieving charitable objects 5 104,704 - 12,990 117,694
Support costs 6 8,082 - - 8,082
Governance costs 7 1,579 - - 1,579
Total resources expended 119,053 - 12,990 132,043
NET INCOME/(EXPENDITURE) FOR THE YEAR BEFORE
TRANSFERS		 8 90,125 - 8,863 98,988
Transfers between Funds (40,000) 40,000 - -
NET INCOME/(EXPENDITURE) FOR THE YEAR 50,125 40,000 8,863 98,988
RECONCILIATION OF FUNDS:
Total funds brought forward 19,622 12,500 7,034 39,156
TOTAL FUNDS CARRIED FORWARD 69,747 52,500 15,897 138,144

The statement of financial activities includes all gains and losses recognised in the year.

All incoming resources and resources expended derive from the continuing activities.

The notes on pages 14 to 18 form part of the financial statements.

Page 12

LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2021

Statement of Financial Position

2021 2020
Notes £ £
Tangible fixed assets
Office equipment 12 674 1,042
Furniture and fixtures 12 624 -
Van 12 12,881 -
Total non-current assets 14,179 1,042
Current assets
Debtors 13 4,950 4,842
Cash at bank 166,509 126,126
Food donations 4,755 7,359
Total current assets 176,214 138,327
Total assets 190,393 139,369
Creditors
Creditors fallingdue within oneyear 14 (1,914) (1,225)
Total assets less current liabilities 188,479 138,144
Creditors fallingdue in more than oneyear - -
NET ASSETS 188,479 138,144
Funds 16
Unrestricted funds 106,489 69,747
Designated funds 52,500 52,500
Restricted funds 29,490 15,897
TOTAL FUNDS 188,479 138,144

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The trustees acknowledge their responsibilities for

The financial statements have been prepared in accordance with the special provisions of the Companies Act 2006 relating to small charitable companies and with The Statement of Recommended Practice ("SORP") applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS102).

16 March 2022

The financial statements were approved by the Board of Trustees on ............................................. and were signed on its behalf by:

Alex McTavish

.............................................Trustee

The notes on pages 14 to 18 form part of the financial statements

Page 13

LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2021

Notes to the Financial Statements

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with The Statement of Recommended Practice ("SORP") applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS102) and The Charities Act 2011.

Exemption from preparing a cash-flow statement

Exemption has been taken from preparing a cash-flow statement on the grounds that the charity qualifies as a small company.

Income

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Expenditure

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Volunteers and donated goods

The value of services provided by volunteers is not incorporated into these financial statements.

Goods donated and held as stock for distribution by the charity, including food items, are recognised as incoming resources within donations when received and as stock with an equivalent amount included as resources expended when distributed.

Goods donated to the charity, and still held at the year end are reported at the estimated replacement cost.

Depreciation

Office equipment and fixtures and fittings are depreciated on a straight line basis over a three year period. Motor vehicles are depreciated on a reducing balance basis at a rate of 15% pa.

Taxation

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

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Designated funds are a proportion of the unrestricted funds that have been set aside by the Trustees to provide a reserve to cover the cost of known and committed future expenditure.

Pension costs

The charity has established a pension scheme in line with the auto-enrolment requirements.

Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets after the satisfaction of all debts and liabilities, the assets representing the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

Page 14

LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2021

2. ACTIVITIES FOR GENERATING FUNDS

Fundraising events
3. INVESTMENT INCOME
Deposit account interest
4. COSTS OF GENERATING INCOME
Staff costs
Other costs
5. ACHIEVING CHARITABLE OBJECTIVES
Staff costs
Food donations and purchases
Other costs
6. SUPPORT COSTS
Staff costs
Building costs
Other administration costs
7. GOVERNANCE COSTS
Staff costs
Professional fees
Other costs
8.
NET INCOMING/(OUTGOING) RESOURCES
Net resources are stated after charging/(crediting):
Depreciation on owned assets
Professional fees		 2021
2020
£
£
3,989
22,571
2021
2020
£
£
-
-
2021
2020
£
£
1,980
2,619
1,213
2,069
3,193
4,688
2021
2020
£
£
36,818
20,440
231,307
94,580
2,579
2,674
270,704
117,694
2021
2020
£
£
1,980
2,619
23,051
3,331
14,556
2,132
39,587
8,082
2021
2020
£
£
1,345
747
1,743
724
183
108
3,271
1,579
2021
2020
£
£
2,500
61
893
724

Page 15

LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2021

9. TRUSTEES' REMUNERATION AND BENEFITS

No trustees' remuneration or other benefit was paid for the year ended 31 July 2021, nor for the year ended 31 July 2020.

Trustees' Expenses

No trustees' expenses were paid for the year ended 31 July 2021, nor for the year ended 31 July 2020.

10. RELATED PARTY TRANSACTIONS

There were no transactions with related parties during the year.

11. STAFF COSTS

Staff costs include the following:

Wages & salaries
Social security costs
Other pension costs
The number of employees (full-time equivalent) at the year end was as follows:
Charitable activities
Management & activities		 2021
2020
£
£
40,592
25,193
-
-
1,531
1,233
42,123
26,427
2021
2020
1.5
1.4
0.3
0.2
1.8
1.6

The number of employees (full-time equivalent) at the year end was as follows:

No employee was paid over £60,000 during the year.

12. TANGIBLE FIXED ASSETS

Cost
At 1 August 2020
Additions
Disposals
At 31 July 2021
Depreciation
At 1 August 2020
Disposals
Charge for year
At 31 July 2021
Net book value
At 31 July 2020
At 31 July 2021		 Office
Equipment
Furniture
and fixtures
Van
£
£
£
1,103
-
-
-
702
14,935
-
-
-
1,103
702
14,935
(61)
-
-
-
-
-
(368)
(78)
(2,054)
(429)
(78)
(2,054)
1,042
-
-
674
624
12,881

Page 16

LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2021

13. DEBTORS

Loan to Merstham Community Café CIC
Prepayments
14. CREDITORS
Accruals		 2021
2020
£
£
2,500
2,500
2,450
2,342
4,950
4,842
2021
2020
£
£
1,914
1,225

14. CREDITORS

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed assets
Current assets
Current liabilities		 2021
2020
Unrestricted
Funds
Designated
Funds
Restricted Funds
Total Funds
Total Funds
£
£
£
£
£
14,179
-
-
14,179
1,042
94,224
52,500
29,490
176,214
138,327
(1,914)
-
-
(1,914)
(1,225)
106,489
52,500
29,490
188,479
138,144

16. MOVEMENT IN FUNDS – 2021

16. MOVEMENT IN FUNDS – 2021
At 01/08/2020 Net movement Transfers At 31/07/2021
in funds between funds
£ £ £ £
Unrestricted funds
General fund 69,747 36,742 -
106,489
Designated funds
Required by Reserves Policy 52,500
-		 - 52,500
Restricted funds
For awareness raising 3,000
(1,511)
-
1,489
For combating low skills 4,034
-
-
4,034
For the Munch Club 995
(995)		 - -
For staff salaries -
-		 -
-
For combating food poverty 4,868
9,006		 -
13,874
For utility top ups -
272		 -
272
For foodbank premises 3,000
5,593		 -
8,593
For volunteer costs -
500		 -
500
For van costs -
-		 -
-
For IT equipment -
728		 -
728
Total Restricted Funds 15,897
13,593
-
29,490
TOTAL FUNDS 138,144
50,335
-
188,479

Page 17

LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2021

16. MOVEMENT IN FUNDS – 2021/Continued…

Net movement in funds, included in the above are as follows:

Incoming Resources Transfers Movement in
resources expended between funds funds
£ £ £ £
Unrestricted funds
General fund 296,016 (259,274) - 36,742
Designated funds
Required by Reserves Policy - - - -
Restricted funds
For awareness raising - (1,511)
-
(1,511)
For combating low skills - -
-
-
For the Munch Club - (995) -
(995)
For staff salaries 3,250 (3,250) -
-
For combating food poverty 40,655 (31,649) -
9,006
For utility top ups 750 (478) -
272
For foodbank premises 23,500 (17,907)
-
5,593
For volunteer costs 500 - -
500
For van costs 1,125 (1,125) -
-
For IT equipment 1,294 (566) -
728
Total Restricted Funds 71,074 (57,481) -
13,593
TOTAL FUNDS 367,090 (316,755) -
50,335

The Trustees have decided to set the level of designated funds at £52,500 to reflect the current running costs of the charity, comprising the rental of premises for the foodbank and the level of staff hours.

17. MOVEMENT IN FUNDS – 2020

17. MOVEMENT IN FUNDS – 2020
At 01/08/2019 Net movement Transfers At 31/07/2020
in funds between funds
£ £ £ £
Unrestricted funds
General fund 19,622 90,125 (40,000) 69,747
Designated funds
Required by Reserves Policy 12,500
-
40,000		 52,500
Restricted funds
For awareness raising 3,000
-
-
3,000
For combating low skills 4,034
-
-
4,034
For the Munch Club -
995
-
995
For staff salaries -
-
-
-
For combating food poverty -
4,868
-
4,868
For foodbankpremises -
3,000
-
3,000
Total Restricted Funds 7,034
8,863
-
15,897
TOTAL FUNDS 39,156
98,988
-
138,144

Page 18

LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2021

Thank you!

Thank you to everyone who supported our work in 2020-2021.

We would in particular like to thank:

All Saints Church, Merstham Plum Pudding Alta Advisors Pistachios in Priory Park Anais Catering Raven Housing Trust Borahurst RBC allotments Trust Chipstead RFC Red Oak Family Centre Community Foundation for Surrey Redhill Street Pastors Community Payback Team Reigate and Banstead Council Dovers Green School Reigate Business Guild Dunnottar School Reigate Grammar School Esure Reigate Priory School Furzefield School Reigate School Gail’s Bakery (Reigate) Reigate St Mary’s Church Gerards Reigate Reigate St Mary’s School Hoare Trustees Renewed Hope Trust Horley Cricket Club Rotary Club Redhill, Reigate and District JGCL Run Reigate JSS (North Downs) Sainsbury’s (Redhill) Just SaltBox Kimberley Clark Sandcross School Leaseplan St Katherines Church, Mertstham Lime Tree School St Luke’s Church Love Reigate St Mary’s Church Lovering Foods St Margaret’s Church, Chipstead Maison Du Velo Surrey County Council Merstham Churches The Hawthorns School Merstham Baptist Church The Hygiene Bank Merstham Community Facility Trust The Leigh Trust Merstham Cricket Club The Neighbourly Foundation Merstham Football club The Warwick School Merstham Millennium Trust The Woodhatch Centre Micklefield School Tollgate Evangelical Trust Merstham Park School Unite the Union Merstham Primary School Viatrus UK Monty’s Bakehouse W Songhurst Moon Hall School Waitrose Morgan Prestwich Willis Towers Watson Morrisons (Reigate) Winterbotham Darby Morrisons Solicitors Wisley Foundation Nando’s Reigate Wood MacKenzie Nationwide, Reigate

Thank you to anyone we may have missed, those who donate regularly, who have given one-off donations, fundraised for us or attended our events. Everything helps make a difference.

Page 19