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 No￿ood & 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' Re￿rt.
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 arn￿nt 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 servi￿5 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 re￿rted 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 reqUIre￿￿ntS 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