Registered 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 2025
NORTH NORFOLK FOODBANK
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Company, its Trustees and advisers | 1 |
| Trustees' report | 2 - 5 |
| Independent examiner's report | 6 - 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 - 10 |
| Notes to the financial statements | 11 - 21 |
(A company limited by guarantee)
NORTH NORFOLK FOODBANK
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025
Trustees Mr Peter Wenham, Chair Mrs Michele Bishop Mr David Baldwin Mrs Olivia Reid Mr Jon Platten (appointed 24 April 2024) Mrs Valerie Woodland (appointed 24 April 2024) Company registered number 08029715 Charity registered number 1149156 Registered office Cromer Methodist Church Hall West Street Cromer Norfolk NR27 9DT Accountants MA Partners Audit LLP Chartered Accountants 7 The Close Norwich Norfolk NR1 4DJ
Page 1
NORTH NORFOLK FOODBANK
(A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report together with the financial statements of the Company for the year 1 April 2024 to 31 March 2025. 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 statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic 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 (beneficiaries) in such ways as the Trustees shall from time to time think fit.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Activities undertaken to achieve objectives
The main activities undertaken to achieve objectives are:
-
Providing emergency food and household supplies to local people in financial crisis
-
Providing emergency fuel support to local people in financial crisis
-
Continuing to signpost clients to appropriate agencies and charities for further help and working closely with them to provide ongoing support
-
Continuing to employ Citizens Advice officer 4 days a week, to support Foodbank clients
Page 2
NORTH NORFOLK FOODBANK
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Achievements and performance
a. Main achievements of the Company
During the year ended 31 March 2025, the Charity continued to carry out several initiatives to further its charitable purposes for the public benefit, including:
-
Maintaining a full service to the community by continuing a food-parcel deliveries and expanding customer collections across seven distribution centres.
-
The Charity continues the provision of support to people requiring help with their energy bills as part of our Energy Bank scheme. This is in conjunction with our own Citizens Advice Officer and the NNDC financial inclusion section.
-
The Foodbank has expanded the provision of snacks to schools and during the winter months, provides supplies to the areas ‘Warm Rooms'.
-
To support the increase in homeless people in the area, the Foodbank is now providing Homeless Support Packs which comprises sets of new essential clothing and toiletries.
-
Recruitment of administration assistant to work alongside the Foodbank manager.
b. Performance
Numbers of those served:
-
2,012 (2024: 2,574) vouchers, 2,843 adults (2024: 3,695), 1,677 (2024: 2,295) children giving a total of 4,520 (2024: 5,990)
-
Weight of food distributed 49,845 kg (2024: 59,647 kg)
-
Value of energy vouchers - £26,753 (2024: £48,675)
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to 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 total funds of the Charity were £343,194 at 31 March 2025 ( 2024: £289,370 restated ). Free reserves, being unrestricted funds not represented by fixed assets were £291,398 at 31 March 2025 ( 2024: £265,445 restated ).
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 believes 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 reserves should be approximately 3 months normal recurring unrestricted expenditure. This is based upon the Charity's size and level of financial commitments.
Page 3
(A company limited by guarantee)
NORTH NORFOLK FOODBANK
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
c. Year Overview
During the twelve months to 31 March 2025 the Charity had a total income of £338,706 ( 2024: £370,408 restated ). Monetary offerings and donations at £110,370 have decreased from the previous year ( 2024: £180,248 ). Grants were received this year to the total of £82,554 ( 2024: £12,849 ) to support the employed members of staff and the Energy Bank.
Charitable expenditure was lower than in the previous year at £284,882 ( 2024: £344,192 restated ). This was mainly due to increased spending on energy assistance and community projects in the prior year.
Page 4
NORTH NORFOLK FOODBANK
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management
a. Constitution
North Norfolk Foodbank is registered as a charitable company limited by guarantee and was set up by a 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 with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. 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 (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. 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 behalf by:
Mrs Valerie Woodland (Trustee) Date: 14 October 2025
Page 5
NORTH NORFOLK FOODBANK (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025
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 2025.
Responsibilities and Basis of Report
As the Trustees of the Company (and 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 eligible for independent examination, I report in respect of my examination of the Company's accounts 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
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of (enter body here), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving 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 'true 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 of the Statement of Recommended Practice for accounting and reporting by charities.
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.
Page 6
NORTH NORFOLK FOODBANK
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state 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:
Dated: 10 November 2025
Alice Lynch BSc FCA DChA
MA Partners Audit LLP
Chartered Accountants 7 The Close Norwich Norfolk NR1 4DJ
Page 7
NORTH NORFOLK FOODBANK
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025
| Note Income from: Donations and grants 3 Investments 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward as previously stated Prior year adjustment Total funds brought forward as restated Net movement in funds Total funds carried forward |
Restricted funds 2025 £ 69,641 - 69,641 39,260 39,260 30,381 8,175 - 8,175 30,381 38,556 |
Unrestricted funds 2025 £ 262,750 6,315 269,065 245,622 245,622 23,443 255,683 25,512 281,195 23,443 304,638 |
Total funds 2025 £ 332,391 6,315 338,706 284,882 284,882 53,824 263,858 25,512 289,370 53,824 343,194 |
As restated Total funds 2024 £ 366,236 4,172 |
|---|---|---|---|---|
| 370,408 | ||||
| 344,192 | ||||
| 344,192 | ||||
| 26,216 | ||||
| 239,831 23,323 |
||||
| 263,154 26,216 |
||||
| 289,370 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 11 to 21 form part of these financial statements.
Page 8
NORTH NORFOLK FOODBANK (A company limited by guarantee) REGISTERED NUMBER: 08029715
BALANCE SHEET AS AT 31 MARCH 2025
| Note Fixed assets Tangible assets 10 Current assets Stocks 11 Debtors 12 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Total net assets Charity funds Restricted funds 15 Unrestricted funds General funds 15 Total unrestricted funds 15 Total funds |
26,969 1,131 302,746 330,846 (3,142) 304,638 |
2025 £ 15,490 15,490 327,704 343,194 343,194 38,556 304,638 343,194 |
25,512 1,070 247,992 274,574 (3,954) 281,195 |
As restated 2024 £ 18,750 |
|---|---|---|---|---|
| 18,750 270,620 |
||||
| 289,370 | ||||
| 289,370 | ||||
| 8,175 281,195 |
||||
| 289,370 |
Page 9
NORTH NORFOLK FOODBANK
(A company limited by guarantee) REGISTERED NUMBER: 08029715
BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025
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 with 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 with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Mrs Valerie Woodland
(Trustee) Date: 14 October 2025
The notes on pages 11 to 21 form part of these financial statements.
Page 10
(A company limited by guarantee)
NORTH NORFOLK FOODBANK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. General information
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.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
North Norfolk Foodbank meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Company has entitlement 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 but 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.
Donated food for distribution is included at valuation and recognised as income when physically received.
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 willing 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 party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Page 11
(A company limited by guarantee)
NORTH NORFOLK FOODBANK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
2. Accounting policies (continued)
2.3 Expenditure (continued)
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.5 Tangible fixed assets and depreciation
Tangible fixed assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at 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 to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
| Motor vehicles | - | 25% |
|---|---|---|
| Fixtures and fittings | - | 25% |
| Computer equipment | - | 25% |
2.6 Stocks
Stocks held comprise food donations which are given without charge to the Charity. The value of stock is deemed to be £2.77 per kilogram at the balance sheet date.
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 12
NORTH NORFOLK FOODBANK
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
2. Accounting policies (continued)
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will 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 will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
2.10 Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.11 Pensions
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.
2.12 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 to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 13
NORTH NORFOLK FOODBANK
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
3. Income from donations and legacies
| Donations Grants Donations in kind Total 2024 as restated |
Restricted funds 2025 Unrestricted funds 2025 £ £ - 110,370 69,641 12,913 - 139,467 69,641 262,750 10,875 355,361 |
Total funds 2025 £ 110,370 82,554 139,467 332,391 366,236 |
As restated Total funds 2024 £ 180,248 12,849 173,139 |
|---|---|---|---|
| 366,236 | |||
| 4. | Investment income | |||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| funds | funds | funds | ||
| 2025 | 2025 | 2024 | ||
| £ | £ | £ | ||
| Investment income | 6,315 | 6,315 | 4,172 |
5. Analysis of expenditure on charitable activities Summary by fund type
| Foodbank Total 2024 as restated |
Restricted funds 2025 Unrestricted funds 2025 £ £ 39,260 245,622 38,116 306,076 |
Total 2025 £ 284,882 344,192 |
As restated Total 2024 £ 344,192 |
|---|---|---|---|
Page 14
NORTH NORFOLK FOODBANK
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. Analysis of expenditure by activities
| Foodbank Total 2024 as restated Analysis of direct costs Foodbank Energybank Van expenses |
Activities undertaken directly 2025 £ 208,265 271,282 |
Support costs 2025 £ 76,617 72,910 |
Total funds 2025 £ 284,882 344,192 Total funds 2025 £ 178,013 26,753 3,499 208,265 |
As restated Total funds 2024 £ 344,192 |
|---|---|---|---|---|
| As restated Total funds 2024 £ 220,111 48,675 2,496 |
||||
| 271,282 |
Page 15
(A company limited by guarantee)
NORTH NORFOLK FOODBANK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. Analysis of expenditure by activities (continued)
Analysis of support costs
| Staff costs Depreciation Rent & utilities Insurance IT, phone & broadband Administration & office costs Subscriptions Advertising & promotional Accountancy, legal & professional Repairs & maintenance Accountancy, legal & professional 7. Independent examiner's remuneration Fees payable to the Company's independent examiner for the independent examination of the Company's annual accounts |
Total funds 2025 £ 48,914 5,163 8,417 1,227 1,346 6,816 395 801 2,790 40 708 76,617 2025 £ 1,050 |
Total funds 2024 £ 44,647 6,251 6,856 1,338 1,468 8,720 395 23 2,305 100 807 |
|---|---|---|
| 72,910 | ||
| 2024 £ 990 |
Page 16
(A company limited by guarantee)
NORTH NORFOLK FOODBANK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. Staff costs
| 2025 £ Wages and salaries 48,083 Contribution to defined contribution pension schemes 831 48,914 The average number of persons employed by the Company during the year was as follows: 2025 No. Staff 3 |
2024 £ 44,298 349 |
|---|---|
| 44,647 | |
| 2024 No. 3 |
No employee received remuneration amounting to more than £60,000 in either year.
Amounts paid to key management personnel during the year totalled £26,111 ( 2024: £21,817 )
9. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .
During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL) .
Page 17
NORTH NORFOLK FOODBANK
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
10. Tangible fixed assets
| Cost or valuation At 1 April 2024 Additions At 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 11. Stocks Food stock 12. Debtors Due within one year Prepayments and accrued income |
Motor vehicles £ 40,981 - 40,981 28,199 3,196 31,395 9,586 12,782 |
Fixtures and fittings £ 9,907 - 9,907 5,874 1,008 6,882 3,025 4,033 |
Computer equipment £ 2,580 1,903 4,483 645 959 1,604 2,879 1,935 2025 £ 26,969 2025 £ 1,131 1,131 |
Total £ 53,468 1,903 |
|
|---|---|---|---|---|---|
| 55,371 | |||||
| 34,718 5,163 |
|||||
| 39,881 | |||||
| 15,490 | |||||
| 18,750 | |||||
| As restated 2024 £ 25,512 2024 £ 1,070 1,070 |
Page 18
(A company limited by guarantee)
NORTH NORFOLK FOODBANK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
13. Creditors: Amounts falling due within one year
| Other taxation and social security Other creditors Accruals and deferred income |
2025 £ 592 1,500 1,050 3,142 |
2024 £ 464 2,500 990 |
|---|---|---|
| 3,954 |
14. Prior year adjustments
The Trustees have opted to attribute a value to food stock of £2.77 per kilogram, in line with The Trussell Trust guidelines. A prior year adjustment has been recognised in respect of donations in kind received totalling £173,139 in the prior year and the cost of goods donated to service users totalling £170,950 in the prior year. In addition, the value of stock held at 31 March 2024 was £25,512 and at 31 March 2023 was £23,323.
15. Statement of funds
Statement of funds - current year
Unrestricted funds General Funds Restricted funds Fuelbank IT & Internet Van Foodbank Citizens Advice Service Portacabin funding Total of funds |
As restated Balance at 1 April 2024 £ 281,195 - 994 500 - 3,681 3,000 8,175 289,370 |
Income £ 269,065 5,681 - - 500 63,460 - 69,641 338,706 |
Expenditure £ (245,622) (5,681) (994) (500) (500) (30,835) (750) (39,260) (284,882) |
Balance at 31 March 2025 £ 304,638 |
|---|---|---|---|---|
| - - - - 36,306 2,250 |
||||
| 38,556 | ||||
| 343,194 |
Page 19
(A company limited by guarantee)
NORTH NORFOLK FOODBANK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
15. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds General Funds Restricted funds Fuelbank IT & Internet Van Citizens Advice Service Portacabin funding Total of funds |
As restated Balance at 1 April 2023 £ 227,738 - 994 500 33,922 - 35,416 263,154 |
Income £ 359,533 6,875 - - - 4,000 10,875 370,408 |
Expenditure £ (306,076) (6,875) - - (30,241) (1,000) (38,116) (344,192) |
As restated Balance at 31 March 2024 £ 281,195 |
|---|---|---|---|---|
| - 994 500 3,681 3,000 |
||||
| 8,175 | ||||
| 289,370 |
Page 20
(A company limited by guarantee)
NORTH NORFOLK FOODBANK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
16. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Tangible fixed assets Current assets Creditors due within one year Total |
Restricted funds 2025 Unrestricted funds 2025 £ £ 2,250 13,240 36,306 294,540 - (3,142) 38,556 304,638 |
Total funds 2025 £ 15,490 330,846 (3,142) 343,194 |
|---|---|---|
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Total As restated |
Restricted funds 2024 £ 3,000 5,175 - 8,175 |
Unrestricted funds 2024 £ 15,750 269,399 (3,954) 281,195 |
As restated Total funds 2024 £ 18,750 274,574 (3,954) 289,370 |
|---|---|---|---|
17. Pension commitments
The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £831 ( 2023 - £349 ). No contributions were outstanding at the year end.
18. Related party transactions
During the year, donations totalling £250 in aggregate were received from Trustees.
Page 21