Lambeth & Croydon District Foodbank Ltd (previously Norwood & Brixton Foodbank Ltd) (A company limited by guarantee) Report and Financial Statements for the year ended 31 March 2024 Charity Number 1151274 Company Number 08381978
Lambeth & Croydon District Foodbank Limited (A company Limited by guarantee) Financial Statements For the year ended 31 March 2024 Contents Page Legal and administrative Information Report of the Directors Independent Auditor's Report 9-12 Statement of Flnanclal Activities 13 Balance Sheet 14 ststement of Cashflows 15 Notes fo rming part of the fi nancial statements 16-19
Lambeth & Croydon District Foodbank Llmited Report of the Directors for the year ended 31 March 2024 The Board presents the di rectors, report and financial statement5 fo r the year ended 31 March 2024 Reference and Administrative Information Charity Name: Lambeth & Croydon District Foodbank Limited (changed on 13 November2023 from Noood & Brixton Foodbank Ltd) Charity registration number: 1151274 Company Registration Number: 08381978 Registered Office: 56 AILeyn Road London SE218AH Board of dlrectors and trustees Mr. Tim Boyce Chair and treasurer. Representative, Christchurch Gipsy Hill pcc Representative, St. Paul's Church PCC Representative, St. Luke's Church PCC Ms. Rosanna Bailey Dr. Judith Morgan Mrs. Alison Inglis-Jones Ms. Suzanne Munday Ms. Rosie Jones Mr Owen Hylton Appointed 4 October 2023 Resigned 24 May 2023 Management team Mrs. Elizabeth Maytom Pro ject Lead Ms. Amanda Courtney Administrator Auditor - Helen Cain, Mercer & Hole LLP, 72 London Road, St Albans, Herts. AL1 1 NS Bankers - LLoyds Bank, Camberwell branch
Lambeth & Croydon District Foodbank Limited Report of the Directors for the year ended 31 March 2024 Our aims and objectives Pur oses and aims Our charity's purposes, as set out in the objects contained in the company'5 memorandum of association, are to: To Show the Love of Christ by the prevention or relief of poverty in Lambeth, Croydon and surrounding boroughs in particular, but not cxclusiveLy, by providing emergency food supplies to individuals in need and/or charities or other organisations wo rking to prevent o r relieve poverty. To do any other thing consistent with the primary purpose of the Charity as described above including but not limited to the provision of co unselLing or other advisory services. We fulfil this purpose to alleviate food poverty in Lambeth and surrounding bo roughs by providing a limited number of food parcels to each client referred to us by our referral agencies, who are generally fro ntline care profe55ionals involved in the locaL area. Our aims reflect fully the purposes that the charity was set up to further. Ensurin our work deliver5 our aims The period reported on is the 11th year of independent operation of the charity. The aims of the charity are reviewed annually by the board of trustees, and those aims, objectives and activities remain focused on our stated purposes. The focus of our work Our maln objective for the year was the provision of food parcets for those in need. We collectedlpurchased over 283 tonnes of non-perishable food from members of the public, primarily from collections outside Loca15upermarkets such as Tesco and Sain5bury's, but also from deposit boxes situated in local shops, community areas and our Foodbank hubs at Streatham, Streatham Hill, West DuLwich, Brixton Hill and Croydon. We distributed over289 tonne5 of food to clients and, in addition, provided signposting to local advice services with specialisations in the area of debt, benefits and housing advice (Centre 70, Brixto n Advice Centre and Croydon Advice Centre), mental wellbeing, substance addiction, job application and work support advice, and temporary shelter for those sleeping rough. How our activities deliver public benefit Our main activities are described below. ALI our charitable activities focus on the provision of nutritious, emergency food fa r those in crisis, generally as a res ult of issues with the avaiLability of benefits, redundancy or low pay. Our local MP, Helen Hayes, local Councils and the Lambeth Mayor see us as an indispensable adjunct to the statutory weLfare provisions? providing critical help at the point of need when the state cannot do so or has not yet done so.
Lambeth & Croydon District Foodbank Limited Report of the Directors for the year ended 31 March 2024 Who used and benefited from our Services? Our clients are almost entirely those living in, or based In, Lambeth, Croydon and surrounding boroughs. We gave 10,531 food parceLs to 24,778 people (15,381 adults and 9,397 children) in the financial year under review, an increase of13% on the same period the previous year. In total, we gave outover 289 tonnes of food (an increase of 13% over last year). The foodbanks in Lambeth (of which there are currently 2, Including ourselves) fed more people than any other borough in London, indicating the real poverty and deprivation in the area served by our foodbank. Within our catchment area, 4 wards continue to represent the bulk of our vouchers, indicating that, even within a generaLly deprived area, there are pockets of severe deprivation and poverty. Financial Review The charity, with the help of its staff and volunteers, ended the year with a healthy increase in funds of £55,024 which the trustees consider to be a satisfacto ry financial outcome given all the circumstances. Princi al fundin sources Our charity received two grant5 from the London Borough of Lambeth, one of £160,000 to help fund the purchase of fresh fruit and vegetables, the second of £75,0(K) to assist Lambeth families with food. Three grants were given by the Trussell Trust in the year, the first to fund the provision of advice workers fro m Brixton Advice Centre at our hubs, the second to help with the establishmentof a Croydonfoodbank hub and the third being a strategic resources srant to help fund our new warehouse and despatch managers, costs. Other principal sources of Income for our charity are the generous donations from members of the public and companies, either by way of regular standing order, through website giving (using the Just Giving platform), and payroLI giving using CAF, Charitable Trust or DONR. Investment olic Our policy is to retain a prudent amountin reserves each year, to cover a minimum of 12 months running expenses. There are no plans to make any long term investments as alL the moneythe charity receives is used on day to day running costs and purchase of food. Reserves olic The reserves po licy is i n line with the po licy held by Oasis Community Hub Waterloo, which is a po Licy that the unrestricted funds of the charity shouLd be at least 3 months of expenditure. Therefore this po licy has been met. Post Balance Sheet Event On 1 April 2025 the activities of the charity will merge into Oasis Community Hub: Waterloo and therefore this charity is not a going concern.
Lambeth & Croydon District Foodbank Limited Report of the Directors for the year ended 31 March 2024 Plans for future periods The charity plans to continue the activities outlined in its memorandum of association and as outlined above, subject to satisfactory funding arrangements. As in the previous year, we are continuing our daily dellvery services, run by 3 professional drivers, supplemented by volunteer driver5. Our staff also provide signposti ng services and help with form filling. Other advice and signposting work continues to be done by telephone, in conjunction with a team of volunteers. Our staff team has grown to 16 staff at the end of the year, supplemented by 3 self.empLoyed drivers. Structure, Governance and Management Governin document The organisation is a charitable company, Limited by guarantee, incorporated on 30 January 2013 and registered a5 a charity on18 March 2013, The companywas established under a Memorandum of Association, which established the objects and powers of the charitable company, and Is governed under its ArticLes of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10. Recruitment and a ointment of Board of Trustees The directo rs of the company are also charity trustees for the purposes of charity law and under the company's Article5 are known as directors of the board. Under the Memorandum and Articles of Association there is no requirement fo r the directors to retire or be re-elected at the Annual General Meeting. All dlrectors on the Board of Trustees give thelr ti me voluntarily and received no benefits from the charity. Any expenses reclaimed from the charity are Set out in Note 7 to the accounts. Under the Memorandum and Articles of Association, each church offering facilities for, or giving substantial support to, a hub session of the foodbank has the right to appoint a member of the Board of Trustees. The Board endeavours to ensure that dTrectors have a broad range of skills appropriate to the work of the charity. Trustee induction and trainin All current trustees are completely fami liar with the work of the charity, havi ng been involved in some aspect of our work, either in helping at our weekly hubs or in giving advice to the board based on their areas of expertise.
Lambeth & Croydon District Foodbank Limited Report of the Directors for the year ended 31 March 2024 anisational structure Lambeth & Croydo n District Foodbank has a board of trustees/directors that meets either physicallyy or overzoom, at least 4 times a year. The board is responsible for setting the strategic direction and po licies of the charity. Operational management is delegated by the board to Mrs Elizabeth Maytom, the founder of the charity, who continues to be its Manager and Project Lead. Ms. Amanda Courtney continued her roLe as the administrator. an nam On 13 November 2023 the company changed its name to Lambeth & Croydon District Foodbank Limited, previously known as Norwood & Brixton Foodbank Limited. Related arties Lambeth & Croydon District Foodbank operates under the umbrella of the TrusseLL Trust, to whom it pay5 an annual fee, and ha5 implemented the operating procedures and manuals provided by them. An annual operating audit Is performed by the Tru55ell Trust and they provide the charity with help with publicfty and public relatio ns as well as supplying a number of stock control and data systems. Responsibllltles of the Board of Trustees Company law requires the di rectors to prepare financlal statements fo r each year which give a true and fair view of the state of affairs of the charitabLe company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financTal year. In preparing those financlal statements, the directors should follow best practice and: Select suitable acco unti ng policies and then apply them co nsistently; Make judgements and estimates that are reasonable and prudent; Prepare the financial statements on the goi ng concern basis unless it is not appropriate to assume that the company will continue on that basis The directors are re5pon5ible for mafntaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements co mply with the Companies Act 2(K16. The directors are also responsible for safeguarding the assets of the charitable company and hence for taking reaso nable steps for the prevention and detectio n of fraud and other irregularities.
Lambeth & Croydon District Foodbank Limited Report of the Directors for the year ended 31 March 2024 Members of the Board of Tru5tee5 Members of the Board of Trustees, who are directo rs fo r the purposes of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 3. In accordance with company law, as the company's directors, we certify that: So far a5 we are aware, there is no relevant information of which the company's auditor is unaware and. As the directors of the company, we have taken all the steps that we ought to have taken in order to make ourselves aware of any information and to establish that the charity's auditor is aware of that information. Auditor Mercer & Hole LLP was appointed as the charitabLe company's auditor. This repo rt has been prepared In accordance wlth the statement of Recommended Practice: Accounting and Reporting by Charitie5 (January 2015) and in accordance with the special provisions of the Companies Act 2006 relating to srnaLI entities. Approved by the Board of Trustees on 25 March 2025 and signed on its behalf by: Alison Inglis-Jones (Directo r and Trustee)
Lambeth & Croydon District Foodbank Limited (A company limited by guarantee) For the year ended 31 March 2024 Independent auditor's report to the trustees of Lambeth & Croydon District Foodbank Oplnlon We have audited the financialstatements of Lambeth & Croydon District Foodbank Limited (the 'charitable company, ) fo r the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, Statement of Cashflows and notes to the financial statements, including a summary of significant accounting policies. ThefinanciaL reporting frameworkthat has been applied in theirpreparation isapplicable law and United Kingdom Acco unting Standards, including FRS 102 "The FinanciaL Repo rting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice) and Charity SORP. In our opinion the financial statements: give a true and fair view of the state of the charitable company's affai rs as at 31 March 2024 and of its incoming resourcesand application of resource5, including its rfncome and expenditure, for the year then ended; have been properly prepared in acco rdancewith United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS {UK)) and applicable law. Our responsibilities under those standard5 are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements thatare relevant to ouraudit of the financialstatements in the UK, including the FRC'S Ethical Standard, and we have fulfilled ourethical responsibilitiesin accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Emphasls of matter - flnanclal statements prepared on a basis other than going concern We draw attention to note 1{f) of the financiaL statements, which explains that on 1 April 2025 the activities of this charity will merge into Oasis Community Hub: Waterloo and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basls Other than going concem as described in note 1(f). Our opinion is not modified in this respect. Other matter The financialstatements of the charitable company forthe yearended 31 March 2023 were unaudited.
Lambeth & Croydon Dlstrict Foodbank Limited (A company limited by guarantee) For the year ended 31 March 2024 Independent auditor's report to the trustees of Lambeth & Croydon Dlstrict Foodbank Other information The trustees are responsible for the other information. The other information comprise5 tl i nformation included in the annual report, other than the financial statement5 and our auditor'5 report thereon. Our opi nion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibi lity is to read the other i nformation and, i n doing so, consider whether the other information is materially inconsistent with the financial statements or our knowLedge obtained in the audit or otherwise appears to be materi aLly mi sstated. If we identify such material inconsistencies or apparent material misstatements, we are requlred to determine whether there is a material misstatement i n the financial statements or a rnaterial misstatement of the other 7nforrnation. If, based on the work we have performed, we conclude that there is a material misstatement of this other informaticn, we are required to report that fact. We have nothlng to report i n this regard. Opfnlons on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit: the informat70n given In the Trustees, Report, which includes the Directors, Report prepared for the purposes of Company Law for the financial year for which the financial statements are prepared is consistent with the fi nanciaL statements; and the Directors, Report which is included In the Trustees, Report, has been prepared in accordance with appLicable legal requirements. Matters on whlch we are required to report by exceptlon In the light of the knowledge and understandlng of the charitable company and its environma obtained in the course of the audit, we have not identified material misstatements in the Directors, Report or the Tru5tees' Rert. We have nothing to report in respect of the following matters where the Companie5 Act 21X requires us to report to you if, in our opinion: adequate accounti ng records have not been kept, or returns adequate for our audi t have not been received from branches not visited by u5" or the fi nanclal statements are not in agreement with the accounting records and returns. or certai n disclosures of trustees, remuneration specified by law are not made. or we have not received all the Information and explanatTons we require for our audit, or the trustees were not entitled to prepare the financial statements in accordance with tFE small companies regime and take advantage of the small companies exemption i n preparitY4 the Trustees, Report and from the requ?rement to prepare a Strategic Report. 10
Lambeth & Croydon District Foodbank Limited (A company limited by guarantee) For the year ended 31 March 2024 Independent audltor's report to the trustees of Lambeth & Croydon District Foodbank Responsi bl Iltles of trustees As explained more fuLLy in the Trustees, responsibilities statement, the trustees (who are also the directors of the charitabLe company for the purpose of company law), are responsible forthe preparation of the financialstatements and forbeing satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparatio n of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financiaL statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as appLicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the char?table co mpany o r to cease operations, or have no reaListic alternative but to do 50. Audltor's responsibilities for the audlt of the flnanclal statements Our objectives are to obtain reasonable assuranceaboutwhetherthe financialstatements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that incLudes our opinion. Reasonable assurance is a hi gh level of assurance butis not a guarantee that an audit conducted in accordancewith ISAS (UK) will always detect a material mi5Statement when it exists. Mlsstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to i nfluence the economic decisions of users taken on the basis of these financial statements. Irregularlties, Includlng fraud, are instances of non.compliance th laws and regulations. We design procedures in line with our respo nslbilities, outli ned above, to detect materlal misststements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. Explanation as to what extent the audit was consldered capable of detectlng irregularities, including f raud Based on our understanding of the company and industry, we identified that the principal risks of non-compliance with Laws and regulations related to breaches in Health & Safety and General Data Protectio n Regulations, and we considered the extent to which non-compliance may have a material effect on the financial statements. We also co nsidered those Laws and regulation5 that have a direct impact o n the preparation of the financial statements such as the Companies Act 2CLI6. 11
Lambeth & Croydon Distrlct Foodbank Limited (A company limited by guarantee) For the year ended 31 March 2024 Independent auditor's report to the trustees of Lambeth & Croydon District Foodbank We evaluated management's incentives and opportunities for fraudulent mani pulation of the financial statements and the financial report {including the risk of override of controls), and determined that the principal risks were related to posting inapproprl ate entries including journals to overstate revenue or understate expenditure, and management bias in accounting estimates. Audit procedures performed by the engagement team i ncluded: discussions with management, including considerations of known or suspected instances of non-compliance with laws and regulations and fraud. evaluation of the operatlng effectiveness of management's controls designed to prevent and detect i rregularities; identifyi ng and testing journal entries, Owing to the inherent limitations of an audit, there is an unavoidable risk that we may nrt have detected some material misstatements in the fi nanciaL statements, even though we have properly planned and performed our audit i n accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregulariti&5) is from the events and transactions refLected i n the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In additi£, as with any audit, there remained a higher rlsk of non-detection of irregularities, as these may involve coLlusion, forgery, i ntentionaL omissions, misrepresentations, or the override of internal controls. We are not responsible for preventi ng non-compliance and cannot be expecled to detect non-compliance with all Laws and regulations. A further description of our responsibilities is available on the Financial Reporting Council's website at: htt s: //www.frc.or .uk/audltorsres nsibilltfes. Thls descrlpt1on forms part of our auditor's report. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companie5 Act 2006. Our audit work has been undertaken so that we mi ght state to the charitable company's members those matters we are requi red to State to them in an auditor's report and for no other purpose. To the fullest extent permitted by Law, we do not accept or assume respon5ibiLity to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Helen Cai n, Sen70r Statutory Auditor For and on behalf of Mercer & Hole LLP, Statutory Auditor Mercer & Hole LLPis eligibLe to act as an auditor in terms of section 1212 of the Companies Act 2006 21 Lombard Street London EC3V 9AH Date: 27 March 2025 12
Lambeth & Croydon Dlstrlct Foodbank Limlted previousty known as Norwood & Brixton Foodbank Llmlted Statement of Financial Activities {In£luding Income & Expendlture Account) for the year from 1 Aprll 2023 to 31 March 2024 Unrestrlcted Funds 2024 Restrlrted Funds 2024 Total funds 2024 Unrestrlrted Funds 2023 Rèstrlcted Funds 2023 Total funds 2023 Notes Income and Endowments Incomè from qeneratèd funds Voluntary Income Donation5 and grant5 4SO.404 330.672 781.076 348.609 180,500 529,109 Actlvltle5 for 8eneratlng funds Supermarket top up and clothes collections Investment Income 10,426 10,426 5,463 6,463 Income from charltable artivities Food collectlon 385,229 385.229 425.911 425,911 Total Income and endowment5 846,059 330,672 1,176,731 780,983 180.500 961.483 Expendlture Costs of generatln8 funds Costs of generatlng voluntary income 194,378 194,378 116,747 116,747 Notional COSL of good5 dlstrlbuted 513,164 513,164 504,809 504,809 Charitable actlvltle5 67,270 330,672 397,942 64,489 180,500 244,989 Gov•rnance costs 16,223 16,223 3,193 3,193 Total expendlturè 791,035 330,672 1,121,707 689,238 180,500 869,738 Nèt Income for the perlod. {Net Income before other recognlsed galns 55,024 55,024 91,745 91,745 Other recognised gains Net movèment in funds 55,024 55.024 91,745 91,745 Reconclllation of funds Total funds brought fonvard 714,295 714.295 622.550 622,550 Total funds carrfed forward 769,319 769,319 714,295 714,295 The statement of finantial activÉties includes all gains and losses in both year5. 13
Lambeth & Croydon District Foodbank Limited previously known as Norwood & Brixton Foodbank Llmlted Balance Sheet as at 31 March 2024 2024 2023 Notes Flxed Assets Tangible assets Investments io Current Assets Stock Debtors Cash at bank and in hand li 312 312 1,059,045 1,059,357 779,908 780,220 Credltors: amounts falllng due wlth1n one year 12 1290,0381 165,9251 Net current assets Net assets 769,319 769,319 714,295 714,295 Unrestrlcted funds General fund5 13 769,319 714,295 Re5trlcted funds 13 Total funds 13 769,319 714,295 The Trustees acknowledge thelr responsibilitie5 for complying wlth the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to the small companies regime, FRS 102 and the Charities SORP 201 Approved by the Board of Trustees on 25 March 2025 and signed on its behalf by: Alifnn InoliE-.Innp% (DTrprti)r Hnd TriJEtpp)
Lambeth & Croydon District Foodbank Limited previously known as Norwood & Brixton Foodbank Limited Statement of cashflows for the year ended 31 March 2024 2024 2023 Cash flows from operatlng actlvltles Net Income 55,024 91,745 Adjustments for: Decrease/{increasel in debtor5 Increase/{decrease} in creditors 224,113 65,365 Net ¢a5h generated by operatlng activities and net increase In cash 279,137 157,110 Cash and cash equivalents at the start of the year 779,908 622,798 Cash and cash equivalents at the end of the year 1,059,045 779,908 15
Lambeth & Croydon District Fot)dbank Limited previously known as Norwood & Brixton Foodbank Limited Note5 forffllng part of the Flnancial Statewnent5 for the yeai ended 31 March 2024 1. Accountln¥ Policies The principal accourkting policies are sufflrnari5ed below. The accountlnR poilcle5 have been applied consistently throughoLSt the perlod. lal Ba5f5 gf arcountfng The financlal ststemonts have been prepared under the historical cost conventian. and In accordance with the Co¥npanièg Act 2006, the Statement Df Recommended Practice.. Accounting and Reportlno by Charities (the SORP 20191, the Financial Reporting Standard 102 and the Charltie5 Act 2011 relatlng to smaller eDtitle5. Ibl Fund accountln8 Unrestrfcted fur¥ts art avaliable for use at ihe dlscreilon of the tyu5tees In furtherance of the Eeneral objectlves of the charlty. Unre5trtcted fund5 rn4ly Includ? a revaluatlon reserve rewesenllni any restalernenc of fnvestment assets at rnarkei value5. De51gnated fund5 arp unrestricted funds earrnarkeL1 by the Board for partlcular wrpose5. Restricted fund5 are subjected to re5triction5 on their expendlture lrnposed by the 4)Dr or through the ierms of an appéal. Icl Incom• and endowrnent5 All Income and endowmenis are Included in Che statement of flnanclal actlv1lles when the charlty Is entltled to, and wrtually certain to receive, the income ané the arnnt can be quantified with rèasonable accuracy. The followlng pollcles are applled to parllcular cate8orle5 of Incsxne; Voluntary Income Is recelved by way of grants, donatlons and glfts and is included In full In Lhe Staternent of Flnancial Activitie5 when receivable. Grant5, where entillement 15 ntrt conditional on the dellvery of a specific performance by the charityi are recognrsed when the chèrity becomes unconditionally entitled to the grant. Donaied fo)d1s Included at a value of £2.37 per kg. whlchls the ¢*erned value set by the Tru55ell Trust for foodballks operatlng under their umbrella. The value of servi5 provided by volunteer5 ha5 nor been Included in these accouTht5. Investment Income Is Included when recelvable. lftcome from any chadeable eraélng activity is accounted for when earned, Incorne frpJt> gran¢3, wlere related tg performance and speclflc dellverables, are acccvnted for a5 Ehe charl¢y earns the rl8ht to conslderatlon by its performance. Id) Expendlture Expendlture1s recogn15ed on an accrual basls as a liability Is Incurred. Exgendlture Incl(Mle$ any VAT whlch cannot be fully recovered, and Is rerted as part of the expendlture to which It relates: C05tS DI generatlng funds comprfse the C($ asKtiated with attracting Voluntary Income. Charitable expenditure cornprises those cost5 incurred by the charity in the delivery of Iks activities and senrices for Its beneficiaries. Ir Includes boLh costs that can be allocated dlrectly to such actlVTtle$ and those costs of an Indlrect nature necessary to support thern. Governaficé costs include Ihose cosis assoclaTrd wlth meetln8 ihe ton5tiLuLional and stalutory reqUIrentS 01 the charity and include the audlt fee5 and costs Ilnked to the str)te4lc managemeri of the charlty. All costs are allocated between the expendlture cate8ories of the Statement of Financial Actiwties on a basis desisned to reflect the use of the re5Durce. Costs relating to a particular acLivity #re allocated drecLly. others are apportioned on an appropriate basls. IÈ) Fixed assets Fixed ass@ts lÈxtluding inve5trnentsl are stated at Cost less accurnulaled depreciatiorj. The costs of minor additions or those costlng below £3.500 are not capltalised. Deprec1at1on is provided at rate5 calculated tc write off the cost of each asset over It5 expected useful life, which in all case5 15 estlmated ai 3 years. Impafrmeni revlews are carrfed wt as and when ewdence corne5 to Ilghl that that the recoverable amunt of a funcilonal ffxed asset Is below It5 net book Yalue due to datnage, obsolescence or other relevant factO¥5. Investments held as fixed a5gets are revalued at mld-rnarket value at the balartce Sheet date and the Rain or1055 taken to the Statetnent of Financfal Actlwtles. In Golng Concern On 1 Aprtl 2025 thè attiwties of rhe charlty wlll merge into Oasis Community Hub.. Waterloo and therefore thè trustees have recogni5ed that the going concern basis is inapprty)riate and all necessary adjustments relating to this have been made in the flnandal starements. 16
Lambeth & Croydon District Foodbank Limited previously known as Norwood & Brlxton Foodbank Limited Notes formlng part of the Flnancial Statements for the year ended 31 March 2024 2. Donations and grants Unrestrlcted Restricted 2024 2024 2024 total 2023 total Donations members of the publlc Church donations Grants Spon50r5hlp5 and supermarket top UP5 340.927 1,852 92,293 25,758 460,830 340,927 1,852 422,965 25,758 791,502 337, 373 7,871 180,500 9,828 535,572 330,672 330,672 3. Incorne and Endowments from activitie5 to further the Charity'5 Objects 2024 Unrestrlcted total 2023 Unrestricted total Collectlon of 162,544 ke. of non-perlshable food 12023: 243,378 kqi at a deemed value of £2.37 per kg12023: 11.75 per kg). 385,229 425,911 4. Total expendlture Costs of 8eneratin8 voluntary Income Notlonal costs of food distributed Charltable Governance activlti•s costs 2024 total 2023 total Costs directly allocated to actlvltl•s Staff costs Advice workers attending 5e55ions Notlonal cost of non-perishable food General office costs Fees paid to Trussell Trust Data protection and other fees Audit fee512023 independent exam} 194,378 194,378 77,138 388,756 77,138 513,164 126,426 360 10,163 5,7(X) 1,121,707 233,495 33,886 504,809 94,355 360 2.633 200 869,738 513,164 126,426 360 10.163 5,700 16,223 194,378 513,164 397,942 5. Net Income and Endowments for the period Thls Is stated after charging E5,7(MJ for audit in the perlod12023 independent examlnatlon fee of £2001. There are no fixed assets so no depreciatlDn has been charged 17
Lambeth & Croydon Dlstrlct Foodbank Limited previously known as Norwood & Brixton Foodbank Limited Notes forming part of the Financial Statements for the year ended 31 March 2024 6. Staff costs and disclosures 2024 total 2023 total Salarie5 and wage5 social security Costs 357,761 30,995 388,756 218,698 14,797 233,495 No employee received emoluments of more than £60.000. Included in the salary and wages figure above 15 £53,393 relat?ng to self-employed staff. The charlty beneflted from the Government grant of £4,IXIO towards its social securlty costs. The average number of employees during the year was 15, calculated on the basis of full time equivalent5 wa5 11 {2022/23 - 8) The charity operates a mandatory pension scheme for its employees which is administered by NEST, the government funded pension scheme. 7. Trustee remuneration and related party transactions No members of the Board of Trustees received any remuneration during the year {2023: nfl). No truste• or other person related to the charity had any personal interest1n any contract or transaction entered Into by the charlty durlng the year. 12Q23 n111 8. Taxation A5 a charity) Larnbeth & Croydon Dlstrlct Foodbank Is exempt from tax on Income and galns falllns within section 505 of the Taxes Act 1988 or 5 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax char8e5 have arisen in the Charity. 9. Tanglble Flxed Assets The charlty does not hold any flxed assets 10. Investments The charity does not hold any investments 11. Debtors 2024 total 2023 total Other debtor5 and prepayments 312 312 12. Creditors: Amounts falling due within one year 2024 total 2023 total Taxation and social security Other creditors, accruals and deferred income 290,038 290,038 65,925 65,925 18
Lambeth & Croydon District Foodbank Limited previously known 65 Norwood & Brixton Foodbank Limited Notes formlng part of the Financial Statements for the year ended 31 March 2024 13. Movements in funds At 31 March Income and 2023 endowments Expenditure At 31 March 2024 Unrestricted funds General fund5 714,295 846,059 1791,035> 769,319 Restricted funds Grants 330,672 1330,672) During the year the following resetricted grants were received by the charity: Trussell £170,672 London Borou8h of Lambeth £235,000 Clapham Relief Fund £1,495 14. Post Balance Sheet Event On l April 2025 the activities of Lambeth & Croydon District Foodbank Limited will merge into Oasis Community Hub,. Waterloo 19