Reglstered number.. 08029715
Charity number: 1149156
NORTH NORFOLK FOODBANK
(A company limited by guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

NORTH NORFOLK FOODBANK
(A company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the Company. its Trustees and advisers
Trustees. report
Independent examinerfs report
statement of flnanclal actlvltles
Balance sheet
Notes to the financial statements
9-18

NORTH NORFOLK FOODBANK
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Mr Peter Wenham, Chair
Mr Adrian Rudman, Trustee Iresqned 31 January 20241
Mrs Michele Bishop, Trustee
Mr David Baldwin, Trustee
Mrs Olivia Reid, Trustee
Mrs Vivienne Edwards, Trustee (resigned 31 March 20241
Mr Jon Platlen, Trustee lappointed 26 April 20241
Mrs Valerie Woodland, Trustee lappoinled 26 April 20241
Company registered
number
08029715
Charity registered
number
1149156
Registered offi
Cromer Methodist Church Hall
West Street
Cromer
Norfdk
NR27 gDT
Accountants
MA Partners Audit LLP
Chartered Accountants
7 The Close
Norwich
Norfdk
NR14DJ
Page 1

NORTH NORFOLK FOODBANK
(A company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present th&r annual report together with the financial statements of the Company for the year 1
April 2023 10 31 March 2024. The Annual report serves the purposes of both a Trustees, report and a directors,
report under company law. The Trustees confirm that the Annual report and financial statements of the
charitable company comply with the current slatulory requirements, the requirements of the charitable
company's governing d(Kumenl and the provisions of the Stslemenl of Recommended Practice ISORPI
applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland IFRS1021 leffeclive 1 January 20191.
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Stffttegic report
required of medium and large companies under the Companies Act 2006 Istrategic Report and Directors,
Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The objective of the charity is to relieve persons in the United Kingdom who are in conditions of need. hardship
or distress Ibeneficiariesl in such ways as the Trustees shall from time to lime think fit.
In setting objectives and planning for activities, the Trustees have given due consideration lo general guidance
published by the Charity Commission relating lo public benefit, including the guidan￿ 'Public benefit.. running a
charity IPB21'.
b. Activities undertaken to achieve objectives
The main activities undertaken lo achieve objectives are..
Providing emergency fcM)d and household supplies lo local people in financial crisis
Providing emergency fuel support to local people in financial crisis
Continuing lo signFM)St clients to appropriate agencies and charities for further help and working closely with
them to provide ongoing support
Obtaining external funding to employ Citizens Advice officer 4 days a week. to supwrt Foodbank clients
Achievemonts and perforniance
a. Main achievemonts of the Company
During the year ended 31 March 2024, the Charity continued to cary out several initiatives to further ils
charitable purposes for the public benefit, including..
Maintaining a full service to the community by continuing a fO￿-parcel deliveries 8rKJ expanding customer
(x)Ilections across seven distribution centres.
The Charity continues the provision of support lo people requiring help with their energy bills as part of our
Energy Bank scheme. This is in conjunction wth our own Citizens Advice Office and NNDC Help Hub.
The Foodbank has expanded the provision to school breakfast clubs and during the winter months,
provides supplies lo the areas 'Warm Rcoms..
To support the increase in homeless tEople in the area, the Foodbank is now providing Homeless Support
Packs which comprises sets of new essential clothing and toiletries.
In addition lo the storage in our warehouse, shed and porlacabin, additional rented storage space continues
to be necessary as well as extended storage into the church.
Recruitment of administration assistant to work alongside the Fwdbank manager.
Page 2

NORTH NORFOLK FOODBANK
(A company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Achievements and perfomiance {continued)
b. Perfomiance
Numbers of those served..
2,57412023 2,7891 vouchers, 3,695 adults {2023'. 4,1421, 2,29512023 2,675) children giving a total of 5,990
{2023 .. 6,8171
Weight of food distributed 59,647 kg {2023 .. 71,658 kg)
Value of eneryy vouchers - £48.675 {2023 '. £102,265)
Financial review
a. Going concem
After making appropriate enquiries, the Trustees have a reasonable expectstion that the Company has
ad￿uate resources lo continue in operational existence for the foreseeable future. For this reason, they
continue to adopt the going concern basis in preparing the financial statements. Further details regarding the
adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
The lolal funds of the Charity were £263,858 at 31 March 2024 12023.. £239,831}. Free ￿serVeS, being
Un￿strICted funds not represented by fixed assets were £236,933 al 31 March 202412923.. £185,994).
The Charity believes in the grace of Donors to provide for its financial needs as they arise as well as Grants. In
principle, the Charity Lelieves that monies given should be utilised for the furtherance of the work of the Charity
as soon as is practical and is consistent with an orderly and responsible stewardship of the funds and the work
of the Charity.
In practice, in the view of the Charity Leadership, free reseNes should be approximately 3 months normal
recurring unrestricted expenditure. This is based upon the Charity's size and level of financial commitments.
c. Year Overview
During the twelve months to 31 March 2024 the Charity had a total income of £197,269 12023.. £233,498}.
Offerings and donations al £180,248 have increased from the previous years12023.. £136,9581- Grants were
received this year to the totsl of £12,849 {2023.- £95, 4991 lo support the employed members of staff and the
Energy Bank.
Charitable expenditure was lower than in the previous year at £173,242 {2023.. £230,3811- This was mainly due
lo increased spending on energy assistance and Community projects in the prior year.
Page 3

NORTH NORFOLK FOODBANK
(A company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Stmcture, governance and management
a. Constitution
North Norfolk Foodbank is registered as a charitable company limited by guarantee and was set up by 8
Memorandum of Association.
b. Methods of appointment or election of Trustees
The management of the Company is the responsibility of the Trustees who are elected and co-opted under the
terms of the Memorandum of Association.
Statement of Trustees. responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law} are responsible for
preparing the Trustees, report and the financial statements in accordance wlh applicable law and United
Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Praclicel.
Company law r￿lui￿S the Trustees to prepare financial slalements for each financial year. Under company
law, the Trustees musl not approve the financial slalemenls unless they are satisfied that they give a true and
fair view of the stale of affairs of the Company and of ils incoming resources and application of res()urces,
including its income and expenditure, for that peri￿. In preparing these financial statements, the Trustees are
required to:
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 102).,
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards {FRS 1021 have been followed, subject to any
material departures disclosed and explained in the financial statements.,
prepare the financial slalemenls on the going concern bass unless il is inappropriate lo presume that the
Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain
the Company's transactions and disclose with reasonable accuracy al any lime the financial position of the
Company and enable them to ensure that the financial statements comply with the Companies Act 2(106. They
are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their tkhalf by..
Mrs Valerle Woodland
ITrusleel
Date.. 20 December 2024
Page 4

NORTH NORFOLK FOODBANK
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Independent Examiner's Report to the Trustees of North Norfolk Foodbank {'the Company.)
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March
2024.
Responsibilities and Basis of Report
As the Trustees of the Company land ils directors for the purFxJses of company law) you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Acl'l.
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the
20(￿ Act and are eligible for independent examination, I report in respect of my examination of the Companys
accounts caThied out under section 145 of the Charities Act 2011 {'Ihe 2011 Act'l. In carrying out my
examination I have followed the Directions given by the Charity Commission under section 14515llbl of the
2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come lo my attention in connection wth the
examination giviry me cause to believe..
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act.,
or
the accounts do not accord with those records., or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a Irue and fair, view 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 principles irf the Slalement of
Recommended Practice for accounting and reFK)rting by charities.
I have no concerns and have come across no other matters in connection with the examination lo which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
This report is made soldy to the Company's Trustees, as a body, in accordan￿ wlh Part 4 of the Charities
{A¢wunts and ReFy)rtsl Regulations 2008. My wcyk has been undertaken so that I might slate lo the Companls
Trustees those matters l am required lo slate to them in an Independent examiner's report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
the Company and the Company's Trustees as a body, for my work or for this report.
Signed..
Alice Lynch Bsc FCA DChA
Dated.. 20 D￿ember 2024
MA Partners Audit LLP
Chartered Accountants
7 The Close
NoNrich
Norfolk
NR14DJ
Page 5

NORTH NORFOLK FOODBANK
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 MARCH 2024
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and grants
Investments
10,875
182,222
4,172
193,097
4,172
232,457
f,041
Total income
10.875
186,394
197,269
233,498
Expendlture on:
Charitable activities
38,116
135,126
173,242
230,381
Total expenditure
38.116
135,126
173,242
230,381
Net movement in funds
127,241)
51,268
24,027
3,117
Reconciliation of funds-
Totsl funds brought forward
Net movement in funds
35.416
127.2411
204,415
51.268
239,831
24.027
236, 714
3,717
Total funds carried forward
8,175
255,683
263,858
239,831
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 10 18 form part of these financial statements.
Page 6

NORTH NORFOLK FOODBANK
IA company limited by guarantee)
REGISTERED NUMBER: 08029715
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Tangible assets
10
18.750
18,421
18,750
18,421
Current assets
Debtors
Cash at bank and in hand
11
1,070
247,992
1, 148
221,862
249.062
223, 010
Creditors.. amounts falling due within one
year
12
13,9541
(1,600)
Net current assets
263,858
239,831
Total net assets
263,858
239,831
Charlty funds
Restricted funds
Unrestricted funds
13
8,175
35,416
General funds
13
255.683
204,415
Total unrestricted funds
13
255,683
204,415
Total funds
263,858
239,831
Page 7

NORTH NORFOLK FOODBANK
IA company limited by guarantee)
REGISTERED NUMBER: 08029715
BALANCE SHEET {CONTINUED)
AS AT 31 MARCH 2024
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance wth
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance wlh the provisions applicable lo entities subject to
the small companies regime.
The financial statements were approved and aulhorised for i&8ue by the Trustees and signed on their behalf by=
Mrs Valerie Woodland
ITrusleel
Date". 20 December 2024
The notes on pages 9 10 18 form part of these financial statements.
Page 8

NORTH NORFOLK FOODBANK
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General infomiation
The Charity is a company which is limited by guarantee. It is both incorporated and domiciled in England
and Wales. The addess of its registered office is Cromer Methodist Church Hall, West Street, Cromer,
Norfolk, NR27 9DT.
The charity's principal activity is that of a fuel and food bank for the local community.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporbng Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
North Norfolk Foodbank meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised al historical cost or transaction value unless olherwse staled in t
relevant accounting policy.
2.2 Income
Al income is recognised once the Company has enliuement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of
income received for specific purposes bul not expended during the period is shown in the relevant
funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to
measure this reliably, in which case the cost of the item to the donor should be used. The gain is
recognised as income from donations and a corresponding amount is included in the appropriate
fixed asset class and depreciated over the useful economic life in accordance with the Company's
accounting policies.
On receipt, donated professional services and facilities are recognised on the basis of the value of
the gift to the Company which is the amount it would have been wlling to pay to obtain services or
facilities of equivalent economic benefit on the open market., a corresponding amount is then
recognised in expenditure in the period of receipt.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third paty, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Company's objectives. as well as any a&8ociated support costs.
Page 9

NORTH NORFOLK FOODBANK
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies Icontinuedl
2.3 Expenditure Icontinuedl
All expenditure is inclusive of irrecoverable VAT.
2.4 Interest receivable
Interest on funds held on deposit is induded when receivable and the amount can be measured
reliably by the Company., this is nomially upon notification of the interest paid or payable by the
institution wth whom the funds are deposited.
2.5 Tangible fixed assets and depreciation
Tangible fixed assets are capilalised and recognised when future economic benefits are probable
and the cost or value of the asset can be measured reliably.
Tangible fixed as*ts are initially rewgnised al cost. After recognition, under the cost model,
tangible fixed assets are measured al Cost less accumulated depreciation and any accumulated
impairment losses. All costs incurred to bring a tangible fixed asset into its intended working
condition should be included in the measurement of cost.
Depreciation is Charged so as lo allocate the cost of tangible fixed assets less their rewdual value
over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the fdlowing basis..
Motor vehicles
Fixtures and fillings
Computer equipment
25/0
25,/0
25,/0
2.6 Debtors
Trade and other debtors are recogni*d al the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
2.7 Cash at bank and in hand
Cash al bank and in hand includes cash and shorl-term highly liquid investments with a short
maturity of three months or less from the date of acquiwlion or opening of the deposit or similar
account.
2.8 Liabilities and provisions
Liabilities are rewgnised when there is an obligation at the Balance sheet dale as a result of a past
event, it is probable that a transfer of economic benefit wll be required in settlement, and the
amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it Mrill pay to settle the debt or
the amount il has re￿iVed as advanced payments for the goods or services il must provide.
Page 10

NORTH NORFOLK FOODBANK
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies Icontinuedl
2.9 Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic
financial instruments. Basic finanryal instruments are initially recognised al transaction value and
subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured al amortised wst using the effective interest method.
2.10 Pensions
The Company operates a defined contribution pension scheme and the pension charge repre*nts
the amounts payable by the Company to the fund in respect of the year.
2.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Company and which have not been designated 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 purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes lo the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donations and legacies
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Donations
4,000
6,875
176,248
5.974
180.248
12,849
136,958
95,499
Grants
10,875
182,222
193,097
232,457
Total 2023
89,105
143,352
232,457
Restricted donations income includes 8 donated asset, 8 Portacabin. with a fair value of £4,00012023..
£Nil) which has been capitalised wlhin fixed asset additions.
Page 11

NORTH NORFOLK FOODBANK
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Investment income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Investment income
4,172
4,172
1,041
Analysis of expenditure on charitable activities
Summary by fund type
Restricted Unrestricted
funds
funds
2024
2024
Total
2024
Total
2023
Foodbank
38,116
135,126
173.242
230,381
Total 2023
55,183
175,798
230, 381
Analysis of expenditure by activities
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Foodbank
100,332
72,910
173.242
230,381
Total 2023
763,450
66,931
230, 381
Page 12

NORTH NORFOLK FOODBANK
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of expenditure by activities {continuedl
Analysis of direct costs
Total
funds
2024
Total
funds
2023
FoodBank
2024
Foodbank
Energybank
Van expell￿8
49.161
48.675
2,496
49,161
48,675
2,496
46,376
114,316
2, 758
100,332
100.332
163,450
Analysis of support costs
Total
funds
2024
Total
funds
2023
FoodBank
2024
Staff Costs
Depreciation
Rent & ulilits'es
44,647
6,251
6.856
1.338
1,468
8,720
395
23
2,305
44,647
6,251
6,856
1,338
1,468
8,720
395
23
2,305
41,390
6, 143
5,9Q7
1,260
1,214
8,199
374
306
961
Insurance
IT, phone & broadband
Adminislralion & office costs
Subscriptions
Adverbsing & promotional
Accountancy, legal & professional
Repairs & maintenance
Sundry
iii
907
907
982
195
72,910
72,910
66,931
Page 13

NORTH NORFOLK FOODBANK
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Independent examinerfs remuneration
2024
2023
Fees payable lo the Companvs independent examiner for the independent
examination of the Company's annual accounts
990
900
Staff costs
2024
2023
Wages and salaries
Contribution to defined contribution pension schemes
44,298
349
41,390
44,647
41,390
The average number of persons employed by the Company during the year was as fdlows..
2024
No.
2023
No.
Staff
No employee received remuneration amounting lo more than £60,000 in either year.
Amounts paid to key management personnel during the year totalled £21,81712023.- £22, 7791
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023- £NIL).
During the year ended 31 March 2024, no Trustee expenses have been incurred (2023- £NIL).
Page 14

NORTH NORFOLK FOODBANK
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10.
Tangible fixed assets
Motor Fixtures and
vehicles
fittings
Computer
equipment
Total
Cost or valuation
At 1 April 2023
Additions
40.981
5,907
4,000
46.888
6,580
2,580
At 31 March 2024
40.981
9,907
2,580
53.468
Depreciation
At 1 April 2023
Charge for the year
23.938
4.261
4,529
1,345
28.467
6.251
645
At 31 March 2024
28,199
5,874
645
34,718
Net book value
At 31 March 2024
12,782
4,033
1,935
18.750
At 31 March 2023
17,043
1,378
18,421
11. Debtors
2024
2023
Due within one year
Prepayments and awrued income
1,070
1, 148
1,070
1, 748
Page 15

NORTH NORFOLK FOODBANK
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12.
Creditors: Amounts falling due within one year
2024
2023
Other taxation and social security
Other creditors
Accruals and deferred income
464
700
2,500
990
900
3,954
1,600
13. Statement of funds
Statement of funds- current year
Balance at
31 March
2024
Balance at 1
April 2023
Incorne Expenditure
Unrestricted funds
General Funds
204415
186,394
1135.1261
255,683
Restricted funds
Fuelbank
6.875
16,8751
IT & Internel
994
994
Van
500
500
Citizens Advice Servi
Portacabin funding
33,922
{30,2411
11,0001
3.681
3.000
4.000
35,416
10,875
{38,1161
8,175
Total of funds
239,831
197,269
1173,2421
263,858
Restricted funds for the year include grants received for supporting the fuelbank and a donated as*1 of
a porlacabin, expenditure related to providing fuelbank grants, the running of a rytizens advi￿ servi
and the depreciation charge on the px)rlacabin.
Page 16

NORTH NORFOLK FOODBANK
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
13. Ststement of funds (continued)
Statement of funds- prior year
88lance al
31 MarGh
2023
8alance al
1 April 2022
Transfers
in/out
Income Expenditure
Unrestricted funds
Designated funds
Designated Funds
90,000
(90,OOOJ
General funds
General Funds
145,220
144, 393
(175, 198)
90,000
204,415
Total Unrestricted funds
235,220
744, 393
(7 75, 198J
204,415
Restricted funds
Fuelbank
40,652
(40,652)
IT & Internel
Van
Foodbank
Citizens Advice Service
994
500
994
500
5,000
43,453
(5,000)
(9,531)
33,922
1,494
89,105
(55, 183)
35,416
Total of funds
236, 714
233,498
(230,381)
239,831
Page 17

NORTH NORFOLK FOODBANK
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14.
Analysis of net assets between funds
Analysis of net assets between funds - current period
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
18,750
240,887
13,9541
18.750
249,062
{3.954)
8.175
Total
8,175
255,683
263,858
Analysis of net assets belMeen funds- prior period
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Tar@ible fixed assets
Current assets
Creditors due within one year
18,427
187, 594
(1,600)
18,427
223,010
(1,600)
35,416
Total
35,416
2Q4,415
239,837
15.
Penslon commltments
The Charity operates a defined contribution pension ￿herne. The assets of the scheme are held
separately from those of the Charity in an indeFÈndenlly administered fund. The pension cost charge
represents contributions payable by the Charity lo the fund and amounted lo £349 12023 - £Ni4. No
contributions were outstanding at the year end.
16. Related party transactlons
There were no related paty transactions during the year.
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