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2023-07-31-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 2023

LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2023

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LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2023

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 2023. 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)

Registered Charity number 1136381

Registered office First Floor Offices 3a-7a Bell Street Reigate RH2 7BH

Trustees Stephen Vickery (Chair)
Imogen Astley Marsh (Resigned 30 May 2023)
Alexander McTavish (Treasurer)
Karen Neil (Company Secretary)
Nick Skelton
SusannaWhite
IndependentExaminer Philip Horesh
Kalculus Chartered Accountants
Gadd House
Arcadia Avenue
London
N32JU

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 2023 there were 5 members (7 at 31 July 2022).

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.

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LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2023

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

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

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 was maintained over the year with total reserves carried forward of £183,175, reflecting the challenging conditions faced by many following the pandemic and the ongoing cost of living crisis.

The trustees maintained the agreed level of reserves to £55,000, 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:

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Trustee
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LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2023

Report of the Trustees

Chairman’s report

As a result of the new structure put in place in 21/22 we have now been able to fully utilise the warehouse space, improving efficiencies and the number of beneficiaries we have been able to support with the provision of 3,088 food parcels compared to 2,394 in the previous year. We continue to run a number of initiatives, such as “Bags of Taste”, which are focused on assisting people to move out of food poverty through having a greater understanding of food preparation.

As part of our commitment to reduce dependency on the food bank we have also appointed a care worker who attends the foodbanks and listens to our beneficiaries and supports them to access the additional support and services they may require.

We have continued to maintain a presence a local events creating awareness of the need to support people in food poverty and alongside our own events they have enabled us to generate financial and food donations from individuals and local businesses.

Our allotments at Park Lane and Woodhatch in Reigate continue to be very productive, providing fruit and vegetables for the foodbank as well as a great community space for our volunteers.

Once again we have obtained grants from Surrey County Council and Reigate & Banstead Council, specifically utility top up funding and we continue to receive donations from local businesses and individuals. We therefore remain ina reasonably strong financial position.

We continue to see the cost of living rising and we expect the need for emergency food parcels to continue increasing and the needs of many of our beneficiaries will continue to be complex, so we remain committed to support the community not only in the provision of emergency food parcels but also the support needed to assist people to move out of food poverty.

Thanks to the hard work of our staff and fantastic volunteers, the support of our partner agencies and the generosity of our donors, Loveworks has continued to be prove a lifeline for a significant number of our local community this year.

Steve Vickery

Chairman

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LOVEWORKS.ORG LIMITED

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2023

Charity Officer's Report

Loveworks plan for the financial year 2022-2023, as set out in the previous annual report, was to ensure that we can meet increasing demands on our service whilst also working with partners to reduce dependency on food banks and support local people in avoiding food poverty.

1. EMERGENCY FOOD PROVISION (FOOD BANKS)

We continued to run ‘referral only’ food banks in Merstham and Reigate. All stock management and food parcel packing were done at the Loveworks warehouse, parcels then delivered to the food bank venues and to a small number individuals in the local area, where essential.

During the year we opened two new food banks, a second one in Merstham (Merstham Baptist Church) and North Reigate (Shrewsbury Chapel) bringing us to 4 foodbanks a week.

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Number of parcels distributed per month (comparison to last financial year)
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400
350
300
250
200
150
100
50
i)
Aug Sept Oct Nov Dec Jan Feb Mar Apr May June July
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Food Parcels

Food Donations

Over the year we saw the impact of the ‘Cost of living Crisis’ with price increases and a drop in the number and value of food donations. The impact of this is that we had to spend more on purchasing food.

Utility top-ups

Thanks to funding from Surrey County Council and Reigate & Banstead Borough Council we provide £60 per 6 week referral for gas/electricity support, when requested from referrers. Over the year we gave out over £1,500.

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LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2023

2. FOOD POVERTY PREVENTION

The key objective of the year was to explore projects and partnerships to reduce food bank dependency and improve the resilience of our beneficiaries. To this aim we launched a mentored home cookery course in partnership with ‘Bags of Taste’. By the end of the year 30 people completed the course with another 90 planned for 2023-24. This was fully funded by Monty’s Bakehouse.

We were also experiencing more complex cases presenting at the food banks so in May we recruited a part-time Support Worker to attend each food bank to ‘listen’ and signpost food bank users.

  1. GROWING FOOD

The Reigate allotment continued to produce fresh food for the food bank during the summer months, run by volunteers and helped by a Community Payback Team, doing the heavy work all year round.

The allotment in Woodhatch has a new team of volunteers getting the site ready for an exciting new growing plan and were able to benefit from Loveworks being Squires Garden Centre, Reigate, Charity of the Year.

  1. PEOPLE

We had nearly 100 volunteers in our system completing in total over 2530 volunteer hours (compared with 2,270 the previous year}. This increase was partly due to the increase in food bank parcels but also the extra food bank session and more fundraising events.

Our volunteers

We also implemented a new training programme for new and existing client facing volunteers to support them in dealing with ‘trauma affected’ people and safeguarding.

We increased our staff numbers to 3 part time staff, in total 72 staff hours per week.

  1. SUPPORT AND FUNDING

School Harvest festivals started up again after the pandemic and although donations were lower than in the past they continued to be essential for our winter stock levels. We re-launched the half termly elective with Reigate Grammar School, which helps raise awareness of our work and over £500 pa.

Donations from local businesses have been hit by ‘working from home’ so new ways to work with corporate and local businesses will be an objective for next year.

The local Community continued to provide amazing support to Loveworks. Just to mention a few:

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LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2023

Residents of Merstham and Reigate continue to be incredibly generous every time we ask for help. We are indebted to everyone who has donated or supported us, no matter how big or small.

For financial donations we are particularly grateful to, and reliant on, our regular monthly donors via Enthuse or other payment platforms.

We were the recipients of a number of notable grants (in 2022-23):

We also received very large and incredibly generous donations from The Wisley Foundation and the June & Brian Amos Foundation

Fundraising started again after a pandemic hiatus. We were part of a very successful ‘Run Reigate’ half marathon with 18 runners and delighted to be the Charity Partner for Reigate ‘Pub in the Park’.

hate Cartie

Chief Charity Officer

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LOVEWORKS.ORG LIMITED

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2023

Independent Examiner’s Report

| report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2023 set out on pages 10 to 17.

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 | have followed the directions given by the Charity Commission under section 145(5){b) of the 2011 Act.

Independent examiner's statement

| have completed my examination. | 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).

| 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.

Philip Horesh

Kalculus Chartered Accountants

Gadd House

Arcadia Avenue

London

N3 2JU

Date: 8.7...WAMbe

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LOVEWORKS.ORG LIMITED

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2023

Statement of Financial Activities

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|||||||||| |---|---|---|---|---|---|---|---|---| |2023|2022| |Unrestricted|Designated|Restricted|Totalfunds|Total|funds| |funds|Funds|funds|£|£| |g| |i?)| |z| |INCOME|FROM:| |Donations|248,761|-|29,005|277,766|234,532| |Activities|for generating|funds|2|6,978|-|-|6,978|6,985| |Investments|3|2,150|.|-|2,150|674| |Other|income|-|-|-|-|174| |Total|income|257,889|-|29,005|286,894|242,365| |EXPENDITURE|ON:| |Raising funds| |Costs|of generating|income|4|5,047|:|.|5,047|4,407| |Charitable|activities| |Achieving charitable|objects|5|182,359|-|32,025|214,384|187,899| |Support|costs|6|58,910|-|-|58,910|57,753| |Governance|costs|7|4,462|-|-|4,462|1,701| |Total|resources expended|250,778|-|32,025|282,803|251,760| |NET INCOME/(EXPENDITURE)|FOR THE|8|=| |YEAR BEFORE TRANSFERS|7am|2.020)|+09).|sig)| |Transfers|between|Funds|-|-|-|-|-| |_SCC|NRE|SOUIOES FOR THE|7,411|(3,020)|4,091|(9,395)| |RECONCILIATION|OF|FUNDS:| |Total|funds|brought|forward|110,250|55,000|13,834|179,084|188,479| |TOTAL|FUNDS CARRIED|FORWARD|117,361|55,000|10,814|183,175|179,084|

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The statement offinancial 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 13 to 17 form part of the financial statements.

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LOVEWORKS.ORG LIMITED

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2023

Statement of Financial Activities (comparative figures)

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||||||||| |---|---|---|---|---|---|---|---| |2022| |Unrestricted|Designated|Restricted|Total|funds| |funds|Funds|funds|£| |££| |F| |2| |INCOME|FROM:| |Donations|228,722|-|5,810|234,532| |Activities for generating|funds|2|6,985|-|-|6,985| |Investments|674|-|-|674| |Other|income|3|174|-|-|174| |Total income|236,555|-|5,810|242,365| |EXPENDITURE|ON:| |Raising funds| |Costs|of generating|income|4|4,407|-|.|4,407| |Charitable|activities| |Achieving|charitable objects|5|166,433|-|21,466|187,899| |Support|costs|6|57,753|-|-|57,753| |Governance|costs|7|1,701|-|-|1,701| |Total|resources expended|230,294|-|21,466|251,760| |nice|llaianitae FOR THE YEAR BEFORE|js|6,261|.|(15,656)|(9,395)| |Transfers|between|Funds|(2,500)|2,500|:|-| |NET INCOME/(EXPENDITURE)|FOR THE YEAR|3,761|2,500|(15,656)|(9,395)| |RECONCILIATION|OF|FUNDS:| |Total funds|brought forward|106,489|52,500|29,490|188,479| |TOTAL FUNDS CARRIED FORWARD|110,250|55,000|13,834|179,084|

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LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2023

Statement of Financial Position

2023 2022
Notes £ £
Tangible fixed assets
Officeequipment 12 776 306
Furniture and fixtures 12 1,867 2,101
Van 12 9,307 10,949
Totalnon-current assets 11,950 13,356
Current assets
Debtors 13 2,970 4,384
Cash at bank 158,721 159,562
Food donations
;		 11,114 5,045
Totalcurrentassets 172,805 168,991
Total assets 184,755 182,347
Creditors
Creditorsfalling due within oneyear 14 (1,580) (3,263)
Total assets lesscurrent liabitities 183,175 179,084
Creditors falling due in more than oneyear - -
NETASSETS 183,175 179,084
Funds 16
Unrestrictedfunds 117,361 110,250
Designatedfunds 55,000 55,000
Restricted funds 10,814 13,834
TOTALFUNDS 183,175 179,084

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

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).

. The financial statements were approved by the Board of Trustees ON ......sccesessesetecsseeseecseeeeee,19 March 2024 and Were Signed on its behalf by:

Alexander McTavish adieRECae TUSTES

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REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2023

LOVEWORKS.ORG LIMITED

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 tine basis over a three year period. vehicles are depreciated on a reducing balance basis at a rate of 15% pa.

Motor

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

{f 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.

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LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2023

2. ACTIVITIES FOR GENERATING FUNDS

2.
ACTIVITIES FOR GENERATINGFOR GENERATINGGENERATING FUNDS
2023 2022
£ £
Fundraising events 6,978 6,985
3.
INVESTMENTINCOME
2023 2022
£ £
Deposit account interest 2,150 674
4.
COSTS OF GENERATING INCOME
2023 2022
£ £
Staff costs 2,663 2,371
Othercosts 2,384 2,036
5,047 4,407
5.
ACHIEVING CHARITABLE OBJECTIVES
2023 2022
£ £
Staff costs 47,938 42,679
Food providedto beneficiaries 160,117 144,690
Othercosts 6,329 531
214,384 187,899
6.
SUPPORTCOSTS
2023 2022
£ £
Staffcosts 2,663 2,371
Building costs 42,343 40,324
Other administration costs 13,904 15,058
58,910 57,753
7.
GOVERNANCE COSTS
2023 2022
£ £
Staff costs 414 306
Professional fees 1,200 1,202
Other costs 2,848 193
4,462 1,701
8.
NET INCOMING/(OUTGOING) RESOURCES
Net resources are stated after charging/({crediting):
2022 2022
£ £
Depreciation on owned assets 2,356 4,507
Professionalfees 1,200 1,202

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LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2023

9. TRUSTEES’ REMUNERATION AND BENEFITS

No trustees’ remuneration or other benefit was paid for the year ended 31 July 2023, nor for the year ended 31 July 2022.

Trustees’ Expenses

No trustees’ expenses were paid for the year ended 31 July 2023, nor for the year ended 31 July 2022.

10. RELATED PARTY TRANSACTIONS

There were no transactions with related parties during the year.

11. STAFF COSTS

Staff costs include the following:

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|||||||| |---|---|---|---|---|---|---| |2023|2022| |£|£| |Wages &|salaries|51,492|45,540| |Social|security costs|-|_| |Other|pension|costs|2,186|2,187| |53,678|47,727| |The|number of employees|(full-time|equivalent)|at the year|end was|as follows:| |2023|2022| |Charitable|activities|1.6|1.6| |Management &|activities|0.2|0.2| |1.8|1.8| |No employee was|paid|over £60,000|during the|year.|

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12. TANGIBLE FIXED ASSETS

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|||||||| |---|---|---|---|---|---|---| |Office|Furniture|Van| |Equipment|and|fixtures| |£|£|£| |Cost| |At|1|August 2022|1,103|4,386|14,935| |Additions|950|-|-| |Disposals|.|-|-| |At|31 July|2023|2,053|4,386|14,935| |Depreciation| |At|1|August|2022|(797)|(2,285)|(3,986)| |Disposals|-|-|-| |Charge for year|(480)|(234)|(1,642)| |At|31 July|2023|(1,277)|(2,519)|(5,628)| |Net|book|value| |At|31|July|2022|306|2,101|10,949| |At|31|July|2023|776|1,867|9,307|

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LOVEWORKS.ORG LIMITED

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2023

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||||||||| |---|---|---|---|---|---|---|---| |13.|DEBTORS| |2023|2022| |£|£| |Loan|to|Merstham|Community|Café|CIC|-|2,500| |Prepayments|2,970|1,884| |2,970|4,384| |14.|CREDITORS| |2023|2022| |£|£| |Accruals|1,580|3,263|

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15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

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||||||||| |---|---|---|---|---|---|---|---| |2023|2022| |Unrestricted|Designated|Restricted|Funds|Total|Funds|Total|Funds| |Funds|Funds| |£|£|£|£|£| |Fixed|assets|11,950|-|-|11,950|13,356| |Current|assets|106,991|55,000|10,814|172,805|168,991| |Current|liabilities|(1,580)|-|-|(1,580)|(3,263)| |117,361|55,000|10,814|183,175|179,084| |16.|MOVEMENT|IN|FUNDS — 2023| |At 01/08/2022|Net movement|Transfers|At 31/07/2023| |in|funds|between|funds| |£|£|£|£| |Unrestricted|funds| |General|fund|110,250|7,111|-|117,361| |Designated|funds| |Required|by|Reserves|Policy|55,000|-|-|55,000| |Restricted|funds| |For|awareness|raising|1,189|(1,189)|-|-| |Poverty|prevention*|-|3,905|-|3,905| |For combating|low|skills|4,034|-|-|4,034| |For the Munch|Club|1,250|(1,250)|.|-| |For combating food|poverty|4,760|(2,085)|-|2,675| |For|utility top|ups|1,598|(1,598)|-|-| |For volunteer costs|500|(500)|-|-| |For|a|defibrillator|-|-|-|-| |For|IT|equipment|503|(303)|-|200| |Total|Restricted|Funds|13,834|(3,020)|-|10,814| |TOTAL FUNDS|179,084|4,091|:|183,175|

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*Donation for poverty prevention to be used for a combination of utility top-ups, electrical goods and staff costs.

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LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2023

16. MOVEMENT IN FUNDS — 2023/Continued...

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|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |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|257,889|(250,778)|-|7,111| |Designated|funds| |Required|by|Reserves|Policy|~|-|-|-| |Restricted|funds| |For awareness|raising|-|(1,189)|-|(1,189)| |Poverty|prevention|3,905|-|-|3,905| |For combating|low|skills|-|-|-|-| |For the|Munch|Club|-|(1,250)|.|(1,250)| |For combating food|poverty|22,000|(24,085)|.|(2,085)| |For|utility top|ups|1,500|(3,098)|-|(1,598)| |For volunteer costs|-|(500)|-|(500)| |For a|defibrillator|1,600|(1,600)|-|-| |For|IT equipment|-|(303)|.|(303)| |Total|Restricted|Funds|29,005|(32,025)|:|{3,020)| |TOTAL FUNDS|286,894|(282,803)|:|4,091| |The Trustees have Trustees have have|decided|to|set the the|level|of|designated funds funds|at|£55,000 to to|reflect the current the current current|running|costs|of the the| |charity,|comprising the the|rental|of premises premises|for the the|foodbank|and|the|level|of staff hours. staff hours. hours.| |17.|MOVEMENT|IN|FUNDS —|2022| |At 01/08/2021|Net movement|Transfers|At 31/07/2022| |in|funds|between|funds| |£|£|£|£| |Unrestricted|funds| |General|fund|106,489|6,261|(2,500)|110,250| |Designated|funds| |Required|by|Reserves|Policy|52,500|:|2,500|55,000| |Restricted|funds| |For|awareness|raising|1,489|(300)|-|1,189| |For combating|low|skills|4,034|.|-|4,034| |For the|Munch|Club|-|1,250|-|1,250| |For combating food|poverty|13,874|(9,114)|.|4,760| |For|utility|top|ups|272|1,326|-|1,598| |For foodbank|premises|8,593|(8,593)|-|-| |For volunteer costs|500|-|-|500| |For van|costs|-|-|-|=| |For|IT equipment|728|(225)|-|503| |Total|Restricted|Funds|29,490|(15,656)|-|13,834| |TOTAL FUNDS|188,479|(9,395)|-|179,084|

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The Trustees have Trustees have have decided to set the the level of designated funds funds at £55,000 to to reflect the current the current current running costs of the the charity, comprising the the rental of premises premises for the the foodbank and the level of staff hours. staff hours. hours.

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LOVEWORKS.ORG LIMITED REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2023

Thank you!

Thank you to everyone who supported our work in 2022-2023.

We would in particular like to thank:

All Saints Church, Merstham Monty’s Bakehouse Run Reigate Arnold Clark Community Fund Morgan Prestwich Sainsbury’s (Redhill) Community Foundation for Surrey Morrisons (Reigate) St Katherines Church, Mertstham Cubitt & West Raven Housing Trust St Luke’s Church, Reigate Fidelity RBC allotments Trust St Margaret’s Church, Chipstead Gail’s Bakery (Reigate) Red Oak Family Centre Stowe Family Law Jackson Stops Redhill Street Pastors Surrey County Council JGCL Limited Redhill Redstone Rotary Club The Churchill Foundation JSS (North Downs) Limited Reigate and Banstead CC The Leigh Trust Just Reigate Business Guild The Woodhatch Centre Langton London Insurance Brokers Reigate Grammar School Unite the Union Martial Arts Reigate Reigate Priory Football Club Voluntary Action for Reigate & Merstham Churches Reigate St Mary’s Church Banstead Merstham Baptist Church Reigate St Mary’s School Willis Towers Watson Merstham Community Facility Trust Renewed Hope Trust Winterbotham Darby Merstham Cricket Club Rotary Club Redhill, Reigate and Wisley Foundation Merstham Food Limited District Merstham Football Club

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.

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