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 2024
Loveworks

LOVEWORKS.ORG LIMITED
REPORT OF THE TRUSTEE5 AND FINANCIAL sTATEmE￿r$
YEAR ENDED 31 JULY 2024
Table of Contents
Company Information............................................. ....................................................
Report oftheTrustees......................-.............................................................
Independent Examinerfs Report.......
Statement of Financial Activitie5
.10
Statement of Financial P051tion............
Notes to the Financial Statements
-10
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LOVEWORKS.ORG LIMITED
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2024
The trustees, who are also direttors 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 2024. The financial statements have been
prepared in accordance with The Statement of Recommended Practice I'SORP") applicable to charities preparin8 their
accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland IFRS1021
and The Charities Act 2011.
Company Information
Registered Company nurnber
06506079 IEngland and Wales)
Registered Charlty number
1136381
Re8lstered office
First Floor Offices
3a-7a Bell Street
Reigate
RH2 78H
Trustees
Gemma Harle
(Chair- Appointed 31 January 20241
Stephen Vickery
Alexander McTavish (Treasurer)
Karen Jones
(Resigned 19 March 2024)
{Resigned 11 Au8USt 20231
IResigned 5 October 20231
Nick Skelton
Susanna White
Independent Examiner
Philip Horesh
Kalculus Chartered Accountants
First Floor
314 Regents Park Road
London
N3 2LT
Governlng document
Loveworks.org timited 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 2024 there were 3 member515 at 31 July 20231.
A summary of the objectlves of the charity
Loveworks is a local charity based in Rei8ate, 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:
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LOVEWORKS.ORG LIMITED
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2024
l. 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.
Recrultment 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
lincluding where appropriate a DBS checkl.
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 Benefft
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 Responslbllftles in ￿latiOn 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 preparlng those
Statements the Trustees are required to:
al Select suitable accounting policies and apply them consistently
bl Make jud8ments and estimates that are reasonable and prudent
cl State whether the policies adopted are in accordance with the Companies Act 2006 and with applicable
accounting standards and statements of recommended practice, subjert to any material departures
disclosed and explained in the financial statements.
d) Prepare the financial statements on a going concern basis unless it is inappropriate to assume that the
charity will continue in operation.
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 s419121
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.
Flnanclal review and Trustee Reserves Policy
The financial position of the charity deteriorated overthe year with total reserves carried forward of £131,346, reflecting
the challenging conditions faced by many following the pandemic, the ongoing cost of living crisis and decreased
availability of grants to support our work.
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 a regular basis.
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LOVEWORKS.ORG LIMITED
REPORT OF THE TRUSTEES AND FINANaAL STATEMENTS
YEAR ENDED 31 JULY 2024
ON BEHALF OF THE BOARD:
17 March 2025
Trustee
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LOVEWORKS.ORG LIMITED
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2024
Report of the Trustees
Chairman'5 report
We continue to fully utilise the warehouse Space and improve efficiencies, which have enabled us to continue to pack
and provide food parcels to people who are experiencing food poverty. Oui beneficiaries can collect their parcels from
any of our four foodbanks and for those that are unable to travel to the foodbank we provide a delivery service and
have Secured funding to subsidise the travel cost for those who need it most.
Over the last year, we have packed and handed out 2,802 food parcels. which has fed 6,471 people of which 2,256 were
children. The estimated cost fo the food handed out was in excess of £165,000.
We continue to focus on our commitment to reduce dependency on the food bank and our Care Worker has supported
a number of our beneficiaries to access the additional support and services they require to help them move out of food
poverty.
Being a local charity we have maintained a strong presence at local event5 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. We have also benefited from having a dedicated Fund Raising Manager who has
increased our profile in the area and has worked closely with local business and schools.
We are supported by over 100 volunteers who have provided over 2,762 volunteer hours.
Our allotments at Park Lane and Woodhatch in Reigate continue to be very productive, providing fresh 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 in a
reasonably strong financial position.
We expect to see a chal lenging landscape with the cost of living continuing to rise and the availability of grants to
reduce while the need for emergency food parcels will continue increasing. We remain comrnitted to support the
community not only in the provision of emergency food parce15 but also the support needed to assist people to move
out of food poverty.
We have received notice that our Chief Charity Officer will be leaving early in the new financial year and l am pleased
to say we have appointed a replacement ensuring there is minimal disruption to the work of the Charity. I would also
like to express our thanks to Kate Curtis who successfully led the Charity through a significant amount of change.
Everything we achieve is because of our hard working staff, our fantastic volunteers, the support of our partner
agencies and the generosity of our donors for which we are so thankful.
Gernma Harle
Chairrnan
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LOVEWORKS.ORG LIMITED
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2024
Independent Examlnerfs Report
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2024 set
out on pages 8 to 14.
Responsibilities and basis of report
As the charity's trustees (who are also it5 directors for the purpose5 of company lawl, you are responsible for the
preparation of the accounts in accordance with the requirements of the Companie5 Art 20061.the 2006 ACVI.
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'5 accounts as carried
out under 5ettion 145 of the Charities Act 20111.the 2011 Act"). In carrying out my examination I have followed the
directions given by the Charity Commission under sertion 14515llbl of the 2011 Act.
Independent examlner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with my
examination givin8 me cause to believe:
accounting records were not kept in respert of the Company as required by section 386 of the Companies
Act 2006,. or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirement5 of Section 396 of the Companies Act 2006
other than any requirement that the accounts give a 'true and fair vie￿, which is not a matter considered as
part of an independent examination; or
the accounts have not been prepared in accordance with the methods and 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 IFRS
1021.
ve no concerns and have come across no other matters in connettion with the examination to which attention
Id be drawn in this report in order to enable a proper u¥Trderstanding of the accounts to be reached.
Philip Horesh
Kalculus Chartered Accountants
First Floor
314 Regents Park Road
London
N3 2LT
Date..
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LOVEWORKS.ORG LIMITED
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2024
Statement of Financial Activitles
2024
Unre5trirted Designated
funds
Fund5
2023
Total funds Total funds
Restricted
funds
INCOME FROM:
Donations
Activities for generating funds
Investments
Other income
Totsl income
224,511
7,290
5,532
36.693
Z61.204
7,290
5,532
277,766
6.978
2.150
237,333
36,693
274,026
286,894
EXPENDITURE ON:
Raisin8 funds
Costs of generating income
Charitable activities
Achieving charitable objects
Support costs
Governance costs
Totsl resources expended
8,832
8,832
5,047
210,780
66,521
2,654
288,787
37,068
247,848
66,521
2,654
325,855
214,384
58,910
4,462
282,803
37,068
NET INCOMEI(EXPENDITURE) FOR THE
YEAR BEFORE TRANSFERS
(51,454)
(375)
(51,829)
4,091
Transfers between Funds
NET INCOMEI(EXPENDITURE) FOR THE
YEAR
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
(51.454)
1375)
(51.829)
4,091
117.361
65,907
55,000
55.(K)O
10,814
10,439
183,175
131,346
179,084
183,175
The statement offinoncial activities includes oll gains and losses recogni5ed in the year.
All incoming re50urce5 and resources expended derivefrom the continuing artivities.
The notes on pages 10 to 14form part of thefinancial stotements.
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LOVEWORKS.ORG LIMITED
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2024
Statement of Financial Position
2024
2023
Notes
Tangible fixed assets
Office equipment
Furniture and fixtures
Van
Totsl non-current assets
12
460
483
7,911
8,854
776
1.867
9.307
11,950
12
12
Current assets
Debtors
Cash at bank
Food donations
Total current assets
13
1,892
115,008
10,859
127,759
2,970
158,721
11,114
172,805
Total assets
136,613
184,755
Credltors
Creditors falling due within one year
Total assets less current liabilities
14
15,2671
131,346
11,5801
183,175
Creditors falling due in more than one year
NET ASSETS
131,346
183,175
Funds
Unrestricted funds
Designated fund5
Restricted funds
TOTAL FUNDS
16
65,907
55,000
10,439
131,346
117,361
55,000
10,814
183,175
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 July 2024.
The trustees acknowledge their responsibilities for
lal
ensuring that the charitable company keeps accounting records that comply with Sections 386 of the
Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each financial year and of its surplus or deficit for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the
charitable company.
Ibl
The financial statement5 have been prepared in accordance with the Special provisions of the Companie5 Act 2006
relating to small charitable companies and with The Statement of Recommended Practice I'SORP") applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the
Republic of Ireland IFR51021.
The financial statements were approved by the Board of Trustees on
its behalf bv..
17 March 2025
and were signed on
Alex McTavish
.Trustee
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LOVEWORKS.ORG LIMITED
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2024
Notes to the Financial Statements
ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with The
Statement of Recommended Practice I'SORP") applicable to charities preparing their accounts in accordance with the
Financi31 Reporting Standard applicable in the UK and the Republic of Ireland IFRS1021 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
companv.
Income
All incoming re50urce5 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 a88regate 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 volunteer5 15 not incorporated into these financial statements.
Goods donated and held as stock for distribution by the charity, including food item5, 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 objective5 at the discretion of the trustee5.
Restricted funds can only be used for particular restricted purposes within the objects of the charity- Restriction5 arise
when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds are a proportion of the unrestrirted funds that have been set aside by the Trustees to provide a
reserve to cover the cost of known and committed future expenditure.
Penslon costs
The charity ha5 established a pension scheme in line with the auto-enrolment requirements.
Windlng 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.
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LOVEWORKS.ORG LIMITED
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
YEAR ENDED 31 JULY2024
ACtIVlTIES FOR GENERATING FUNDS
2024
2023
Fundraising events
7,290
6.978
INVESTMENT INCOME
2024
2023
Deposit account interest
5.532
2,150
4. COSTS OF GENERATING INCOME
2024
2023
Staff costs
Other costs
3,298
5,534
8,832
2.663
2,384
5,047
ACHIEVING CHARITABLE OBJEcfivES
2024
2023
Staff costs
Food provided to beneficiaries
Other costs
59,361
179,244
9,243
247,848
47,938
160,117
6,329
214,384
SUPPORT COSTS
2024
2023
Staff costs
Building costs
Other administration cost5
3,298
44,406
18.817
66.521
2,663
42,343
13,904
58,910
GOVERNANCE COSTS
2024
2023
Staff costs
Professional fees
Other costs
1.225
1.2(Y)
229
2,654
414
1,200
2.848
4,462
NET INCOMINGIIOUTGOING) RESOURCES
Net resources are stated after charging/lcreditingl:
2024
2023
Depreciation on owned assets
Professional fees
3,096
1,200
2,356
1.200
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LOVEWORKS.ORG LIMITED
REPORT OFTHE TRusfEES AND FINANCIAL STATEMENTS
YEAR ENDED 31JULY 2024
TRUSTEES, REMUNERATION AND BENEFITS
No trustees, remuneration or other benefit was paid for the year ended 31 July 2024, nor for the year ended
31 July 2023.
Trustees. Expen5e5
No trustee5' expenses were paid for the year ended 31 July 2024, nor for the year ended 31 July 2023.
10. RELATED PARTY TRANSAcnoNS
There were no transactions with related parties during the year.
11. STAFF COST5
Staff costs include the following:
ZOZ4
2023
Wages & salaries
Social security cost5
Other pension costs
64,550
51,492
2,631
67,181
2,186
53,678
The number of employee5 Ifull-time equivalentl at the year end was as follows:
2024
2023
Charitable activities
Management & activities
No employee was paid over £60,000 during the year.
12. TANGIBLE FIXED ASSETS
Office
FurnJture
Equipment and fixture5
Van
Cost
At l August 2023
Additions
Oi5posals
At31July 2024
2.053
4,386
14,935
2,053
4.386
14,935
Depreciation
At l August 2023
Dlsposals
Charge for year
At 31 July 2024
11.2771
12,5191
15,6281
13161
(1,593)
11,3841
(3,903)
11,3961
{7,0241
Net book value
At 31 July 2023
At 31 July 2024
776
460
1,867
9,307
7,911
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LOVEWORKS.ORG LIMITED
REPORT OF THE TRUSTEES AND FINANCIAL STATEMEp¥rs
YEAR ENDED 31JULY 2024
13.
DEBTORS
2024
2023
Prepayments
1.892
1,892
2,970
2.970
14.
CREDITORS
2024
2023
Accruals
5.267
1,580
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024
Designated Restricted Funds Total Funds
Fund5
2023
Total Funds
Unrestricted
Funds
Fixed assets
Current assets
Current liabilities
8,854
62,320
(5,2671
65,907
8,854
127,759
15,2671
131,346
11,950
172,805
{1,580
183,175
55.000
10,439
55,(KK)
10,439
16. MOVEMENT IN FUNDS- 2024
At 0110812023 Net movement
in fuTrd5
Transfers
between funds
At 3110712024
Unre5trirted funds
General fund
Designated funds
Required by Reserves Policv
Restricted funds
Poverty prevention
For combating low skills
For combating food poverty
For staff costs
For IT equipment
Totsl Restricted Fund5
TOTAL FUNDS
117.361
151,4541
65.907
55.000
55.000
3,905
4.034
2,675
3.905
4,034
2.500
{1751
200
10,814
183,175
12001
13751
(51,8291
10,439
131,346
*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 2024
16. MOVEMENT IN FUNDS- 2024/Continued...
Net movement in ftjnds, included in the above are as follows:
Incoming
resources
Resources
expended
Transfers
between funds
Movement in
funds
Unrestrlcted funds
General fund
Designated funds
Required by Reserves Policy
Restricted funds
Poverty prevention
For combating low skills
For combating food poverty
For staff costs
For IT equipment
Total Restrirted Funds
TOTAL FUNDS
237,333
{288,7871
151.4541
34,641
2,052
134,816}
12,0521
12001
137,0681
(325,855)
11751
12001
13751
(51,829)
36,693
274,026
The Trustees have decided to set the level of designated funds at £55,000 to reflect the current running costs of the
charity, comprising the rental of premises for the foodbank and the level of staff hours.
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LOVEWORKS.ORG LIMITED
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2024
Thank you!
Thank you to everyone who supported our work in 2023-2024.
We would in particular like to thank:
our outstanding and committed volunteers who deliver our services all year round with kindness,
compassion, professionalism and withoutjudgement.
the local Reigate, Redhill and Merstham communitie5 who continually support us through food and
monetary donations
the following organisations for their active support:
All Saints Church, Merstham
Arnold Clark Community Fund
Community Foundation for Surrey
Cubitt & West
Esure
Fidelity
Gail's Bakery (Reigate)
Hawthorns School
Jackson Stops
JGCL Limited
JSS (North Downsl Limited
Just
Langton London Insurance Brokers
Martial Arts Reigate
Merstham Churches
Merstham Baptist Church
Merstham Community Facility Trust
Merstham Cricket Club
Merstham Food Limited
Merstham Football Club
Monty's Bakehouse
Mor8an Prestwich
Morrisons (Reigatel
Raven Housing Trust
RBC allotments Trust
Red Oak Family Centre
Redhill Street Pastors
Redhill Redstone Rotary Club
Reigate and Banstead CC
Reigate Business Guild
Reigate College
Reigate Grammar School
Reigate Methodist Church
Reigate Priory Football Club
Reigate Probus
Reigate St Mary's Church
Reigate St Mary's School
Renewed HopeTrust
Rotary Club Redhill, Reigate and
District
Run Reigate
Sainsbury's (Redhilll
St Katherines Church, Mertstham
St Luke's Church, Reigate
5t Mar8aret's Church, Chipstead
Stowe Family Law
Surrey County Council
The Admiral
The Churchill Foundation
The Leigh Trust
The Woodhatch Centre
Unite the Union
Voluntary Attion for Reigate &
Banstead
Willis Towers Watson
Winterbotham Darby
Wisley Foundation
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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