| Page | |
|---|---|
| Charity Information | 1 |
| Report ofthe Trustees | 2-7 |
| Key Supporters | 8 |
| Independent Examiner's report | 9 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 |
| Statement ofCash Flows | 12 |
| Notes to the Financial Statements | 13-25 |
| Charity number | 1153791 | ||
|---|---|---|---|
| Trustees | Martin Ward | Chairman | |
| David Rowbotham | Vice- Chairman | ||
| Alun Edwards FCA DChA | Treasurer | Appointed 1 August 2021 | |
| David Holt | |||
| PennyNicholls | |||
| lan Riddell | |||
| PeterTaylor-Gooby | |||
| Senior management | Angela Gardiner | Operationsdirector | |
| Susan Roberts | Accounts manager | ||
| Liam Waghorn | Warehouse manager | ||
| Registered office | Unit 29 | ||
| Joseph Wilson Industrial | Estate | ||
| Millstrood Road | |||
| Whitstable | |||
| Kent | |||
| CT5 3PS | |||
| Independent examiner | Matthew Sutton FCA | ||
| Burgess Hodgson LLP | |||
| 27 New Dover Road | |||
| Canterbury | |||
| Kent | |||
| CT1 3DN | |||
| Bankers | HSBC UK Bankplc | ||
| 9 Rose Lane | |||
| Canterbury | |||
| Kent | |||
| CT1 2JP | |||
| Solicitors | Furley Page LLP | ||
| 39 St Margaret's Street | |||
| Canterbury | |||
| Kent | |||
| CT1 2TX |
| ibuted to those in need. | |||
|---|---|---|---|
| 2021/22 | 2020/21 | 2019/20 | |
| (17 months) | (year) | (year) | |
| Numberoffood parcels distributed | 14,625 | 6,694 | 5,668 |
| Numberofmeals provided | 131,625 | 60,246 | 51,100 |
| Estimated cost ofthefood items delivered | £409,500 | £208,220 | £147,822 |
| General | Designated | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| fund | funds | funds | funds | funds | ||
| Note | 2022 | 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | £ | ||
| Incoming resources | ||||||
| Donations and legacies | 4 | 1,044,120 | 3,000 | 53,214 | 1,100,334 | 518,463 |
| Investment income | 5 | 2,483 | - | ~ | 2,483 | 158 |
1,046,603 |
3,000 |
53,214 |
1,102,817 |
518,621 |
||
| Resources expended | ||||||
| Raising funds | 6 | 19,905 | - | 2,222 | 22,127 | 11,969 |
| Charitable activities | 7 | 618,296 | 9,110 | 43,923 | 671,329 | 318,134 |
638,201 |
9,110 |
46,145 |
693,456 |
330,103 |
||
| Net income | 408,402 | (6,110) | 7,069 | 409,361 | 188,518 | |
| Transfers betweenfunds | (225,881) | 236,995 | (11,114) | - | - | |
| Net movementin funds | 182,521 |
230,885 |
(4,045) |
409,361 |
188,518 |
|
| Total funds broughtforward | 75,645 | 378,610 | 30,833 | 485,088 | 296,570 | |
| Total funds carried forward | 258,166 |
609,495 |
26,788 |
894,449 |
485,088 |
| General | Designated | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| fund | funds | funds | funds | funds | ||
| Note | 2022 | 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | £ | ||
| Fixed assets | ||||||
| Tangible fixed assets | 10 | 34,871 | - | 28,843 | 63,714 | 15,226 |
| Currentassets | ||||||
| Stock | 17,993 | - | - | 17,993 | 6,625 | |
| Debtors and prepayments | 11 | 26,209 | - | 38 | 26,247 | 9,672 |
| Cash at bank and in hand | 182,859 | 609,495 | (2,093) | 790,261 | 455,288 | |
227,061 |
609,495 |
(2,056) |
834,501 |
471,585 |
||
| Creditors: Amountsfallingduewithin oneyear | ||||||
| Creditors and accruals | 12 | 3,766 | - | - | 3,766 | 1,723 |
3,766 |
- |
- |
3,766 |
1,723 |
||
| Net current assets | 223,295 | 609,495 | (2,056) | 830,735 | 469,862 | |
| Net assets | 258,166 |
609,495 |
26,788 |
894,449 |
485,088 |
|
| Represented by: | ||||||
| Unrestricted funds | 14 | 258,166 | 609,495 | - | 867,661 | 454,255 |
| Restricted funds | 14 | - | - | 26,788 | 26,788 | 30,833 |
| Total funds | 258,166 |
609,495 |
26,788 |
894,449 |
485,088 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Cash flowsfrom operating activities | ||
| Net incomeforthe year | 409,361 | 188,518 |
| Depreciation | 10,704 | 2,399 |
| Interest receivable | (2,483) | (158) |
| (Increase)/decrease in stocks | (11,368) | (3,235) |
| (Increase)/decrease in debtors | (16,574) | (7,709) |
| Increase/(decrease) in creditors | 2,043 | 392 |
| Net cash provided by operating activities | 391,683 | 180,207 |
| Cash flowsfrom investing activities | ||
| Interest received | 2,483 | 158 |
| Purchase of property, plant and equipment | (59,193) | (15,223) |
| Net cash usedin investing activities | (56,710) | (15,065) |
| Changein cash and cash equivalents in the year | 334,973 | 165,142 |
| Cash and cash equivalents at the beginning ofthe year | 455,288 | 290,146 |
| Cash and cash equivalents attheend ofthe year | 790,261 | 455,288 |
| Analysis ofcash and cash equivalents | ||
| Cash at bank and in hand | 790,261 | 455,288 |
| General | Designated | Restricted | ||
|---|---|---|---|---|
| fund | funds | funds | Total funds | |
| £ | £ | £ | £ | |
| Incoming resources | ||||
| Donations and legacies | 446,708 | - | 71,755 | 518,463 |
| Investment income | 158 | - | - | 158 |
446,866 |
- |
71,755 |
518,621 |
|
| Resources expended | ||||
| Raising funds | 164 | - | 11,805 | 11,969 |
| Charitable activities | 224,148 | 1,295 | 92,691 | 318,134 |
224,312 |
1,295 |
104,496 |
330,103 |
|
| Net income | 222,554 | (1,295) | (32,741) | 188,518 |
| Transfers between funds | (243,530) | 243,530 | - | - |
| Net movementin funds | (20,976) |
242,235 |
(32,741) |
188,518 |
| Total funds broughtforward | 96,621 | 136,375 | 63,574 | 296,570 |
| Total funds carried forward | 75,645 |
378,610 |
30,833 |
485,088 |
| General | Designated | Restricted | ||
|---|---|---|---|---|
| fund | funds | funds | Total funds | |
| £ | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 10,467 | - | 4,759 | 15,226 |
| Current assets | ||||
| Stock | 6,625 | - | - | 6,625 |
| Debtors and prepayments | 9,076 | - | 596 | 9,672 |
| Cash at bank and in hand | 51,200 | 378,610 | 25,478 | 455,288 |
66,901 |
378,610 |
26,074 |
471,585 |
|
| Creditors: Amountsfallingdue within one year | ||||
| Creditors and accruals | 1,723 | - | - | 1,723 |
1,723 |
- |
- |
1,723 |
|
| Net current assets | 65,178 | 378,610 | 26,074 | 469,862 |
Net assets |
75,645 |
378,610 |
30,833 |
485,088 |
| Represented by: | ||||
| Unrestricted funds | 75,645 | 378,610 | - | 454,255 |
| Restricted funds | - | - | 30,833 | 30,833 |
Total funds |
75,645 |
378,610 |
30,833 |
485,088 |
| General | Designated | Restricted | |||
|---|---|---|---|---|---|
| fund | funds | funds | Total funds | Total funds | |
| 2022 | 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Cash donations receivable | 643,561 | 3,000 | 53,214 | 699,775 | 330,293 |
| Legacies receivable | 50,000 | - | - | 50,000 | - |
| Donated goods | 350,559 | - | - | 350,559 | 183,387 |
| Income from activities forgenerating | |||||
| funds andcollections | - | - | - | 4,783 | |
1,044,120 |
3,000 |
53,214 |
1,100,334 |
518,463 |
| General | Designated | Restricted | ||||||
|---|---|---|---|---|---|---|---|---|
| fund | funds | funds | Total | funds | Total | funds | ||
| 2022 | 2022 | 2022 | 2022 | 2021 | ||||
| £ | £ | £ | £ | £ | ||||
| Bankinterest | receivable | 2,483 |
- |
2,483 |
158 |
| General | Designated | Restricted | |||
|---|---|---|---|---|---|
| fund | funds | funds | Total funds | Total funds | |
| 2022 | 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Wagesandsalaries | 19,765 | 1,607 | 21,372 | 11,805 | |
| Other fundraising costs | 140 | 615 | 755 | 164 | |
19,905 |
2,222 |
22,127 |
11,969 |
| General | Designated | Restricted | |||
|---|---|---|---|---|---|
| fund | funds | funds | Total funds | Total funds | |
| 2022 | 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Groceries and otherstock items | 388,509 | 8,500 | 216 | 397,225 | 208,220 |
| Packaging | 2,661 | - | 500 | 3,161 | 1,749 |
| Leaflets, promotion and clothing | 1,014 | - | - | 1,014 | 1,749 |
| Property costs | 27,086 | - | 16,000 | 43,086 | 9,846 |
| Wagesand salaries | 146,670 | - | 16,202 | 162,872 | 75,258 |
| Other personnel costs | 5,055 | 610 | 2,700 | 8,365 | - |
| Telephone | 3,754 | - | - | 3,754 | 7,604 |
| Insurance | 3,290 | - | - | 3,290 | 1,418 |
| Motor expenses | 5,066 | - | - | 5,066 | 2,174 |
| Othertravel costs | 5,417 | - | “ | 5,417 | 2,508 |
| Equipmentcosts | 12,275 | - | - | 12,275 | 1,502 |
| Printing, postage and stationery | 2,473 | - | - | 2,473 | 469 |
| Meeting expenses | 804 | - | - | 804 | 96 |
| Depreciation | 2,399 | - | 8,305 | 10,704 | 2,399 |
| Signposting support | - | - | - | - | - |
| Finance costs | 1,904 | - | - | 1,904 | 794 |
| Professional fees | 9,450 | - | - | 9,450 | 974 |
| Sundry expenses | 470 | - | - | 470 | 1,374 |
618,296 |
9,110 |
43,923 |
671,329 |
318,134 |
| General | Designated | Restricted | ||
|---|---|---|---|---|
| fund | funds | funds | Total funds | |
| 2021 | 2021 | 2021 | 2021 | |
| £ | £ | £ | £ | |
| Groceries and other stock items | 183,100 | - | 25,120 | 208,220 |
| Packaging | 676 | - | 1,073 | 1,749 |
| Leaflets, promotion and clothing | 1,483 | - | 266 | 1,749 |
| Property costs | 3,864 | 1,295 | 4,687 | 9,846 |
| Wagesand salaries | 20,182 | - | 55,076 | 75,258 |
| Telephone | 4,522 | - | 3,082 | 7,604 |
| Insurance | 1,418 | - | - | 1,418 |
| Motor expenses | 1,004 | - | 1,170 | 2,174 |
| Othertravel costs | 957 | - | 1,551 | 2,508 |
| Equipment costs | 1,502 | - | - | 1,502 |
| Printing, postage and stationery | 469 | - | - | 469 |
| Meeting expenses | 96 | - | - | 96 |
| Depreciation | 2,233 | - | 166 | 2,399 |
| Signposting support | = | - | - | - |
| Finance costs | 794 | - | - | 794 |
| Professional fees | 974 | - | - | 974 |
| Sundry expenses | 874 | - | 500 | 1,374 |
224,148 |
1,295 |
92,691 |
318,134 |
| 8 Staff costs, trustees information and related party transactions |
||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Salaries and wages | 178,280 | 85,363 |
| Social security costs | 9,298 | - |
| Pension costs | 3,571 | 1,700 |
| 191,149 | 87,063 | |
| The average number ofemployees during the period was: | 9 | 7 |
| Leasehold | Motor | |||
|---|---|---|---|---|
| improvements | Equipment | vehicles | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 August 2021 | 35,805 | - | 10,000 | 45,805 |
| Additions | 23,125 | 8,073 | 27,995 | 59,193 |
| As at 31 December 2022 | 58,930 |
8,073 |
37,995 |
104,998 |
| Depreciation | ||||
| As at 1 August 2021 | 20,580 | - | 9,999 | 30,579 |
| Chargeforthe period | 9,322 | 1,382 | 1 | 10,705 |
| As at 31 December 2022 | 29,902 |
1,382 |
10,000 |
41,284 |
| Net bookvalue | ||||
| As at 31 December 2022 | 29,028 |
6,691 |
27,995 |
63,714 |
| As at 31 July 2021 | 15,225 |
- |
1 |
15,226 |
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Rent deposit | 4,000 | 4,000 | |
| Gift | aid recoverable | 6,025 | 2,026 |
| Othersundry debtors | 8,973 | - | |
| Prepayments | 7,250 | 3,646 | |
| 26,247 | 9,672 | ||
| 12 | Creditors | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Accruals | 3,766 | 1,723 | |
| 3,766 | 1,723 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Within one year | 16,000 | 16,000 |
| Betweenoneandfive years | 45,516 | 61,516 |
| 61,516 | 77,516 |
| 14 Analysis of charitable funds |
||||||
|---|---|---|---|---|---|---|
| At 31 | ||||||
| At 1 August | December | |||||
| 2021 | Income | Expenditure | Transfers | 2022 | ||
| £ | £ | £ | £ | £ | ||
| Generalfund | 75,645 |
1,046,603 |
(638,201) |
(225,881) |
258,166 |
|
| Designated funds | ||||||
| Future employment | a | 50,000 | - | - | 30,000 | 80,000 |
| Overheads | b | 20,000 | - | - | 10,000 | 30,000 |
| Rental reserve | Cc | 8,000 | - | - | - | 8,000 |
| New premises acquisition | d | 300,000 | - | - | - | 300,000 |
| Training costs | e | 610 | 3,000 | (610) | - | 3,000 |
| Housing support | f | - | - | (8,500) | 196,995 | 188,495 |
378,610 |
3,000 |
(9,110) |
236,995 |
609,495 |
||
| Restricted funds | ||||||
| Pool vehicle | g | 1 | - | (1) | - | |
| Riverside warehouse costs | h | 1 | - | (1) | - | |
| Specific operations grants | i | 2,379 | - | (615) | (1,764) | - |
| Food costs grants | j | - | - | - | - | - |
| Payroll and operational grants | k | 12,809 | 15,716 | (18,525) | (10,000) | - |
| New warehouse | 8,276 | 33,545 | (27,003) | 575 | ||
| Raise the Rent appeal | m | 7,367 | 3,550 | - | - | 10,917 |
| Fuel vouchers | n | - | 403 | - | 75 | 478 |
30,833 |
53,214 |
(46,145) |
(11,114) |
26,788 |
||
| Total funds | 485,088 |
1,102,817 |
(693,456) |
- |
894,449 |
| At 1 August | At 31 July | |||||
|---|---|---|---|---|---|---|
| 2020 | Income | Expenditure | Transfers | 2021 | ||
| £ | £ | £ | £ | £ | ||
| General fund | 96,621 |
446,866 |
(224,312) |
(243,530) |
75,645 |
|
| Designated funds | ||||||
| Future employment | a | 31,570 | - | - | 18,430 | 50,000 |
| Overheads | b | 4,100 | - | - | 15,900 | 20,000 |
| Rental reserve | Cc | - | - | - | 8,000 | 8,000 |
| New premisesacquisition | d | 100,000 | 200,000 | 300,000 | ||
| Training costs | e | 705 | - | (1,295) | 1,200 | 610 |
136,375 |
- |
(1,295) |
243,530 |
378,610 |
||
| Restricted funds | ||||||
| Pool vehicle | g | 1 | - | 1 | ||
| Riverside warehousecosts | h | 167 | (166) | - | 1 | |
| Specific operations grants | i | 396 | 5,110 | (3,127) | - | 2,379 |
| Food costs grants | j | 22,646 | 7,474 | (25,120) | (5,000) | - |
| Payroll and operational grants | k | 40,364 | 39,041 | (71,596) | 5,000 | 12,809 |
| New warehouse | - | 8,276 | - | - | ||
| Raise the Rent appeal | m | - | 11,854 | (4,487) | 7,367 | |
63,574 |
71,755 |
(104,496) |
- |
30,833 |
||
| Total funds | 296,570 |
518,621 |
(330,103) |
- |
485,088 |