REGISTERED CHARITY NUMBER: 1163813 Slouqh foodb stees and for the Year DBANK Two Rivers Accountancy 38 Eton W¢k Road Eton Vck Wndsor Berkshire SL4 6JL
DBANK onlents of the Finanaa Statements r the Year nded 31 ber 2023 Page Report of the Trustees 1 to 8 Independent Examinerfs Rer Statement of Finanaal Adiifjtses 10 Balance Sheet 11 Notes to the FinancAa Statements 12 to 17
DBANK Re for rt of the Trustee heye mber 2023 The trustees presefrt theTrr report with the finarKial statements d the tharlty for the year ended 31 December 2023. The trustees have adopted the provisions of Acx¥)unting and Reporting by Charities: Statement of Recommended PrWth. applicable to chantses prepanng their aCUnIS in accordance wth the Finanoal ReForting Standwd applitle in the UK and Republic of Ireland {FRS 102) {effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The object of Slough Foodbank, is the WW•tntion or relief (M poverty in the Unrted Kingdom but primarily in Slough and the surroundiro a in particular but not exdusively by providing emergency fo¢>J supplies to individuals in ne&J. as mthvated by the prin(iples of the Christian Faith. Maln actlvftles As in previous years. Slough Foodbank suFWied parcels contaning three days, sUpY of nutrits'onally balan fwj to everyone referred to the foodbank who is in fiMI poverty crisis for whatever reason. In addrtion to fcnd. we also supkly ba'c toiletries and household products as well as nappies. baby wpes, and pet food rf required. Slough Foodbank collected donated food and toiletries from the locat communty to enable those people referred lo Slough Fotrjbank to reclyve a fcLwJ parcel. Slough Foodbank mairrtained ris nefvrk of referrd agencaes in Slough, to ensure that those in food poverty crisis are referred to Slough Foodbank. te Donations and purchases d Food and toiletries are deli¥tred to the main Slough Foodbank warehouse, weighed and then sorted by category best by date. - pa[lS are packed in a second warehouse. - Most Food parcels are ddivered to distribution centres for CdleAK by referred dients. A limtted number d fL¥xl parS are ddivered direca to the horres of dients who are too Incapaotated to attend a distributr'on (xntre. In addition lo focrfj parls. Slough Foc•Jbank rKovided emergency fud bouchers to those in food crisis during 2023. Assistance was gi¥En to dients with a prtrpayment key who did not have suffiaent gas or eledri(?ty to cook forml Sough Fo&Jbank KKovided. Sadly, the cost-ol-living criss resulted in (x)nlinuing surge in demarKI for both food emergency fuel vouchers. Where appropriate, Slough Foodbank provides infomiation that points Our dients to other agenaes and charrties that may te able to assist them to recoTr•er from a p)sition of food poverty crisis. This activity is refeTred to as signposling. Slough Fotsjbank supports the caMpaning adivities d the Trussell Trust that seek to redu food poverty in the UK. Grantmaklng Slough Foodbank currenly does not make grants to third paty gcod causes. Some suWuses of indiwdual focmj categories were passed to other focmlbanks or Ir1 caprities that feed people, to avad food waste. Page 1
ODBA ort the Tru ees for the Year Ended 31 December 2023 OBJECMVES AND ACTNITIES Volunteers During 2023 Slough Fc(yJbank had 130 lunteerS. These vdunteers remain critical to the operation of Slough Foodbank. The trustees we grateful for the contribution made ty our volunteers. ThroughoLrt the year, bdunteers there engaged in lleCtIng fts)d donations, warehousing. prepacknng foLMJ parcels, delivering focrtl parcels. transwrting fc()d parcels to distribuiion ntre$, and adninistering the referral system. Slough Fo(xlbank also engaged with local businesses for teams of corporate %ff)lunteers to aSSt regular K)lunteers v*ith sorting st¢xk arKI path'ng food parcels. Page 2
DBANK ort of the Trustees for the Year Ended 31 Decembe ACHIEVEMENT AND PERFORMANCE Charitable actlvltles Referrals of Peo le in FcK¥J Pol During 2023 over 200 agenoes in the Slough ea rrred dients to Slough Fcrf)dbank, whi represents a sligm inuease on the prewous year. These induded homeless charities and housing assocAations, iot¢entS, probation SeIS. govemment a3enoes schools and other children's agencies, surpies. churches. and crth8r thafiti'es. Slough Fclbank received 5.098 referrals in 2023 compared to 4.183 referrals during 2022. Food tkjnation Levels During 2023. Slough Foodbank re1 87 tonnes of fc(xl and toiletries donations from local churches. schools, shops, 'neSseS, and pnvate donats'ons. o)mpared to 96 tonnes of foc¥J and loil6tries donation$ during 2022. The st(k manajement improved due to improved communiG2tion of whith rtems were needed by Slough Foodbank, at fo¢>J cy)Ilection p.nIS and on the website. Stcrk at end 2023 was 23.5 I{neS compar&J to stixk at end 2022, 31.3 tonnes. Distribution of F(¥Jd Parcels Slough Foodbank distributed through distribulion centres acfoss greater Slough area. During 2023, Slough Foodbank operated fve distribution ntre$ one of which opened a week, the remainder opened once a week. One of the distribution centres opens on a Saturday. Slough Focmybank prowded 11,300 emergency focrtl parcels during 2023 compared to 9,322 in 2022 and 7,365 in 2021. These fc¥)d par8 helped feed many Feople, 4.129 of these were children. Unfortunately, this increase continues the rise seen in nI years as shown in the fdlowing Table. It is dear from these figures. thai for many in Slough, (x>st-of-living crisis conlirbues, and families are beb'llg hit hard. Total Number of Fwd PaTlS Prov7ded Over the Last 5 Years Year 2023 2022 2021 2020 2019 Total number 11.3CIJ 9.322 7.360 6.350 4.783 % than8e on kyevious year 21% increèse 27% increase 13% increase 37% increase 19% intrÈasÈ In 2023 Slough Foodbank fulfilled 771 KKK*)ers through home deliveries, that is 15% of voucher fulfilments. This was a redUCtiC compared to the previous year where 836 home deliverbes were required K£ounting for 20% of fulfillments. In December, we proNryded 383 Christmas Hampers to househdds to help bring a little joy to peoF4e struggling in focKI Fw)verty crists Christsiias. Page 3
Re ort he Trust for the Year Ended 31 Decemtw 20 Food Purchases When fcKJ donalions are insufficient to wovide the items required in food par5 Slough Foodbank purchases food and essenb'a toiletries. One of the trustees was appointed to manage these purchases in nJunlOn with th8 Ylarehouse manager. This remains a challenging area. Fwd purchases by Slough Foodbank costed £17.6k in 2023 ct)mpared to £20k in 2022 and £11k in 2021. Fuel bank assistance to Slo h F(K¥Jbank dients Slough Foodbank continued to use the Chari s Grants scheme to prowde emergency fuel vouchers in 2023. Slough Frbank payments to Charis Grants in 2023 were £37.5k in 2023 Compared to £22k in 2022 and compared to £13k in 2021. The fuel bank funded emer9erq power for 783 homes in 2023 mpared to 601 homes in 2022 arKI 305 homes in 2021. This assistance continues to be restricled to Slough Focwjbank referras. stin and Cam ni Since July 2022, the UK govemffth has usaj on&off cost d Imng payments to help people on low InMe5. but the limitations of this approach we nthy dear. Vde see in our data that there is a dip in the need for frd banks when e¥h payment is made, hcweler this r&Ste only lasts between one and three weeks. Many people who find themselves in f(Mxl uisis and need lo use a foodbank have underlying issues relating to beneffts. debt, Icw income, discrimination at work. housing, homelessness, or ill health. In October 2023, along with Citizens Ad4ice East Berkshire {CAEB). Slough Food bank launched a new venture, a threevyear project in SAwh to help Peo in fcod poverty crisis, beyond the prowsion of food parcds. This was made tle by a grant from the Trussel l Tnjst. Wth this new serwce, Citizens Ad workers run confidentsd seonS at most of the Slough Focxlbank's Distributs'on Centres and provide remte foll¢YW-<)n support. This was a significant step. helpng people get the admce they need so they Can reduce their relian on uisis support. induding the use of foodbanks, as their finanoal situatiM Irnpr. H8ving trained wjvisers from Citizens Advi d&y1(ed to offering advice and information Trlated to these areas is of enornous benefit ensuring that dients are getting all the support w)ssible lo help them out of focrfj povety. The projecl laundd in October 2023 and during the last 3 months of the year there were 54 dient referrals to CAEB ¥ia Slough Foodbank. Across these 54 dients, there were 413 issues induding beneffts and tax credits. universal credit. debt, and housing Ihal needed support. The advi promded has alre&Jy made a sgnificant financial impact for a number of these dients. There was a total financial outcome of £36.492. This is a very enuragIng start for this projed. ement with the widef a)mmun During 2023, the Slough Foodbank Manager met ryth a variety of groups induding Slough Poverty Forum, Slough Homdess Forum, and Slough Borough Council. Page 4
DBANK for the Year Ended 31 December 20 FINANCIAL REVIE Financ•al position Details of an furKls materiall in defficai No funds are materially in defiat during 2023. however, Genera Fund expendrlure is antiapated to signifi¢anly exceed income in 2024. rf the current level of dient referrals conts'nues to rise. Income Unrestrided irvx)me in 2023 rose to £166k, an irK¥ease d 48% o)mp8red to 2022. Over £60k ofthis income arose from one SFafic ¢2mpaign, related to auctioning office fumiture on the relocation of 02 corporate headquarters from Slough. Slough Foodbank is grateful to the organiser of this eff&Xive and molivating campaign Restrided income in 2023 rose to £56k. af which £44k was a grant from Trussell Trust for the Finanaal Indusion Projecl, and £750 arose from grants from the Neighbourfy Foundats'on. for Food and essents'al taletries. Th8 reMnIng restndwj in(y)me was for Fuel Vouthrs, mainly through Just Giwng. Online gimng, mainly through the CAF platform aTrJ Just Giifjng &oxnted for 59% (rf unrestrided income. The trustees of Slough Foodbank here express our thanks to all our donors. large and small, both regular and oc¢asonal. who through their gerwoth allcmf the chanty to operate. Restrided Funds During 2023, three restricted funds were tyeralion, FOOD, FUEL and FINANCIAL INCLUSION PROJECT (FIP). Although there was only £750 incom8 for the FOOD fund during 2023. arKI expenditure reduwl the balan to tri)rial levels, the FOOD FUND remains open. for those donors wishing to restrict their grfls to the purchase of items for food parcels. The FUEL FUND received £11.2k income from a c<)mts'nation d a Just campaign and donors gifting their winter fuel allowance. Expenditure from this fund during 2023 was £11.1k on payments to Charis Grants to support Fuel Vouchers, matched the in(x)me over the course of the year. The FINANCIAL INCLUSION PROJECT FUND {FIP} was initsated in response to a gr8nt from the Tru&8ell Tru. of which £44k was restricled to a three-year project. This restricted fund was used in 2023 for paymenl of Citizens Advic£ East Berkshire (CAEBI. who empk)y staff to support the projed wtth adVand quarterty payment, arKI the payment d the expenses of th¢)se staff InCued for Slough Foodbank, £24k. Recrurtment d the stsiff pro%Ed challenging, so the servio was launched in October 2023. nditure across all funds Tota expenditure during 2023 was £187k, Lvmpar&J to £134k in 2022. Expendrture from General Funds duiing 2023 was £125.3k wnpared to £96k in 2022. Ot this increase, £16.7k was in &aff costs, driven ty the need to re(xuit nre staff to cope with increased demand, and irfationary pressure . Page 5
rt of the Truslees for the Year Ended 31 De(xmber 2023 £11.8k was from increased use of General Funds to purchase f¢J)d, given the lower income to the FOOD fund in 2023. Inveslment policy and oblectives The objeclive in the depostting of funds was to maxrmise coNerage of the FCSC guarantee by spreading funds across Current and savings accounts of drflerent banking groups. Wrthin that policy, some funds were deFK)Sited in a 95day n1 deposrt ac£ount at Rethwoc#J to eam interest. Reserves policy The reserves provide Sough Ffy)dbank ¥¥ith adequate financial stabilty and the means for it to meet its Charitable objeciives for the foreSeeae future. It is our policy to hold unrestricted cash reserves equivalent to at least sx rnnths operattona costs or a minimum of £80,000. In addition to th¢)se resefves. during 2023 £IOOk csh resided in a designated warehouse contingency reserve. This allowed the trustees to niti'gate the risk of being given notice If the current landlords Circumstan change. The truste8s aJreed to release £50k of that contingency, from January 2024. because of progress in negotiations wilh the current landlord, and the increased levels of dient referrals foreseen for 2024. The trustees agreed that Sough Foodbank would not mpete with loGql chariti88 for further grants until 2024.The levd of a¢Xua reser¥es is rewwed at each Trustees meeting. Golng concem Outlook It is a stark reality thai year on year the inmse in demand for FcM)dbank continues. This is not an ao2ptable Irend. as demonstrated by Ihe c4Jmmerts by the Slough Foodbank Manager on release to the press of the 2023 statistics. "It 1$ so dlsheartening to see the stats prove what we see first-hand In the dlstrtbutlon centres, the contlnulng deprlvatlon In Slough leadlng to people faclng food poverty crlsls and turning to us, often as a last r8sorL We were hopeful that the cost4)f-living payments would make a substantlal dlfferenc8, sadty the rellef was temporary. Although It does show that wlth a Ilttle extra In thelr pockets peoplo can afford to eaL Thafs why we are supporting the Trussell Trusvs campalgn to 'Guarantae our Essentlals. and thaL at a mlnimum, Unlversal Credlt should protect people from golng wlthout essentlals Such as food. household bllls or trav costs. Wlth a 21 % Increase In food par¢•ls. wo ar• under real pressurn to meet th1$ demand both on suppty of food, which rely on donations for. as well as volunteers who sort food, prepare food parcels and serve clients.- MO Fmiively, hawng trained admsers from Crtizens AdTrryce East Berkshire {CAEBI dedicated to offering advi and information rdated to these areas is of enormous benefft ensuring that clients are getting all the support Fossible to help them out (rf fotrJ p)verty. Slough Food bank has already seen some of our dients benefrt from this Serni. In February 2024. Ihe staff at Jobcentres were instruded not to refer their dienls to fOCbankS. Given that a sgnificant propx>rtion ol Slough Fdbank'S dients came from that SOU in ret years. the impad of this decasion on those in FO uisis in Slough is undear. It is dear. that the wider Sjough C(¥nmunty. from large corForations to indibidual small donors remains highly supporb've of Slough F¢JcrfJbank. Page 6
rt of the Truslees for the Year Ended 31 Dmber 2023 STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The charity is conlrclled by its goveming doujment and constitutes a CIO- FourKlation, registered 16th September 2013 and amerthd on 16th May 2016. How the charlty Is Gonstltuted Foundth'on Mchlel of which only voting members are trustees. Related partles Slough Fc¥xlbank is part of the fochjbank netsvork of the Trussell Trust. A fonnal review of the (tharty's Proce is underLqken annUY by representatives of the Trussell Trust. The Trussell Trust provides software systems for stock manJement, dient referral, and volunteer rotas Slough Foodbank pcAi¢ies exist for Safeguarding, Data managemefrt. Heatth and Safety based on Trussell Trust modds. Other rAii?es at Slough FcA)dbank indude Staff Remuneration, Finance and Risk Managerrnt. Rlsk management The trustees are responsible for the overseeirvJ d Ihe risks by the foodbank. Risks are identiffied. assessed and controls established throughout the year via a risk register. The trKJst sgnificant risk is FQtentia change to current no rent lease arrangements on warehOung space. Part of the reserves is used as a contirvJency for funding MMer0a1 rated warehOung rf notice were given by the Current landlord. The value of the generous provision of ttte use of two warehouses by Segro, are not induded in the income or expenses. Based on Ial inquiries, this provision saves Slough Foodbank £70k per annum. REFERENCE AND ADMINISTRATIVE DETAILS Rogistered Charlty numbor 1153813 Prlnclpal addrefjs 411 Montrose Avenue Slough Berkshire SL14TJ Page 7
BANK for the Year En.ded 31_.tbom_ber 2023 Trustees O Ogunniyi C C Taylor TWBatt (unlil 1_7.23> A Seade {until 12.7.23) S Brayley (until 4.10.24) R Ford lunlil 4.10.24) L Dolor (from 6.6.23} APitt {from 28.4.23} R Singleton (fram 22.5.23) {until 25.11.23> S McAllister (from 8.5.241 J Shepherd (from 8.5.241 Senior Staff: Laura Cde Slough Foodbank maner Trustees of Slough FcM)dbank are requir$ to ha¥? an affiliatn wrth a church. Slough F¢x)dbank has a trustee induclion prc¥Jramrr*, which indudes an overbryew of the ¢x)nslrtution, finances and idenlfying potentFal oyrfli(as of interest. Indendent Examlner Two Rivers At>x)untancy 38 Elon Wick Road Eton Wck Windsor 8erkshire SL4 6JL Approved by order of the board trustees on 7th October 2024 and signed on its behalf by.. J Shephèrd - Tfuslee and Chair of Trustees C Taylor- Trustee Page 8
Inde LO ndent Examinerfs Re DBANK rt to the Trustees of Independent examinerfs rnport to the trustees of SLOUGH FOODBANK I report to the Charity trustees on my examination of the a)J)unts of SLOUGH FOODBANK {the Trust) for the year ended 31 December 2023. Responsibilities and basls of report As the ¢hartiy trustees d the Trust you are respjnsble for the preparatson of the coUnts in aCrdan wtlh the requirements of the Charities Ad 2011 ('the Ad,). I reFQrt resped of my examination of the Trust's aQUrrtS caNied out under Section 145 of the Act and in Carrying out my exarrmnation I have fdloved all applicaLle Diredions gi¥En by the Charity commion under Section 145{5){b) crf the Ad. Independant examlnerfs statement I have Completed my examination. l nfirn that malerial matters ha%e rne to my attention in connection with the examination giving me cause to belie that in any materid respect.. accounting records were not kept in resped cl the Twst as required ty Secon 130 of the Act.. or the accounts do not accord wrth those r)rdS.. or the acLounts do comply wth the appliGqble requirements conceming the fomi and conlent of accounts set out in the Chafities {Accounts and Reports) Regulations 2008 other than any requirerrEnt that the a)unIS give a true and fa'r view whith is not a matter considered as part of an irrtdependent examinaK>n. I have no concems and have come across no other matters in connection with the exarnination to which attention should be dra4¥n in this rewl in der to enable a proper understanding of the accounts to be reached. Delia Alk>tt F.C.C.A Two Rivers Accountanc 38 Eton Wck Road Eton Wck Windsor Berkshire SL4 6JL Date.. 14th October 2024 Page 9
DBAN tatement of FinanLial Acti for the Year Ended 31 Defflber 2023 31.12.23 Total fijnds 31.12.22 Total funds Unrestrided Restrided fvrKIs funds Notes INCOME AND ENDOWMENTS FROM Donth'ons and legacies 161,795 55.984 217,779 112,842 Investment income 4,164 4,164 1,352 Total 165.959 55.984 221,943 113,994 EXPENDITURE ON Charitable actlvlties Chanlable 151,593 35.314 186.7 132,919 Other 1,260 T¢)tsl 151,593 35,314 186,907 134,179 NET INCOMEI(EXPENDITURE) 14,366 20,670 35,036 (20,185) RECONCILIATION OF FUNDS Total funds brought forward 230.396 1,041 231,437 251,622 TOTAL FUNDS CARRIED FORWARD 244.762 21,711 266.473 231.437 The notes fomi part of these finani?81 statements Page 10
lance &h.eet 31 Detsrnr 023 31.12.23 Total funds 31.12.22 Total furmxs Unrestrided Restrit#ed funds funds CURRENT ASSETS Cash at bank and in hand 244.762 21,711 266,473 231.437 NET CURRENT ASSETS 244.762 21,711 266,473 231,437 TOTAL ASSETS LESS CURRENT UABILITIES 244,762 21.711 266,473 231,437 NET ASSETS 244,762 21.711 266,473 231.437 FUNDS Unreslricled funds Restricted funds 244.762 21.711 230,396 1,041 TOTAL FUNDS 266,473 231,437 The financial *atem8nts were apwoved by the Board d Trustees and 8Uthorised for issue on J Sheplerd - Trustee and Chair Trustees C Taylor - Trustee The neS fonn pwt of these financAal statements Page 11
Notes he Finanaal atements for the Year Ended 31 December ACCOUNTING POUCIES Basis of preparing the financial statements The finanoal ststements of the charity. whith is a pU1C benefft entity under FRS 102, have been prepared in &COrdan with the Charibes SORP (FRS 102} 'Accounting and ReForting by Charities.. Statement of Recommended Praclice applicable to charities preparing their a¢c£iunts in aC£Ordan with the Finanaa Reporbng Standard apklicable in the UK and Republic of Ireland (FRS 1021 lefferAiNe 1 January 2019),, Financial Reporting Standard 102 'The Finanaal Reporb'ng Standard apk4icable in the UK and Republic of Ireland, and the Charities Ad 2011. The finanaal statements have been prepared under the historical cyjst convenlion. The accounts have been prepa1 under the recetpts and payments bass. The ac£yJunts comply th the appropriate legal reqreMentS in that the gross recorded income from all sources did not exceed £250,000 and that the charity is not a company incorporated under the Companies Ads. Income All income is rec£¥Jnised in the Stalemenl FinaThial Athvities once the charity has rVed the funds. Expendlturft ExFendrture is accounled for on a payments ts.$ and has been classified under headings that aggregate all co related to the category. Taxation The chanty is exempt from tax on rts chaiTtable xliifjlies. Fund accountlng Unreslncted funds can be used in accrydance ¥wth the Laritate oty8c*ives at the discretion of the trustees. Restricted funds can only b8 used for partiojlar restrided purposes within Ihe objects of the charity. Restridions arise when speafied by the donor or when funds are raised ftx particular restrided purposes. Further deta1$ a induded in the Trustees. repo Penslon costs and other post-retlremont benoffts The chartiy operates a defined contrityjtion nSIon scheme. ContribLrtions are charged to the StateffnI of Financial Adivth'es when they hale pad into the scheme. Page 12 IntInUed...
HFO DBANK Notes lo the Financaal tatements- ntinued for the Year ErKled 31 December 2023 INVESTMENT INCOME 31.12.23 31.12.22 Deposit &count interest 4,164 1,352 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or other beneffts for the31December 2022.An individual serwng as a trustee was emp4¢)yed 14hrs a week from May 2023, as Projects and Communication5 Manager eaming £8,052 total benefit in the year ending 31 December 2023, and recei)ing £302 as reimbursement for ernoyee expenses incurred, Trustees. expenses There were no trustees, expenses pad for the year ermled 31 December 2023 nor for the year ended 31 December 2022. COMPARA TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrided Restri(ed funds furmds Totsl funds INCOME AND ENDOWMENTS FROM Donats'ons and legac4es 111,820 822 112,642 Investment income 1,352 1,352 Totsl 113.172 822 113,994 EXPENDITURE ON Charltable activities Charitable 116,714 16,205 132,919 Other 1.260 1,260 Totsl 117.974 16,205 134,179 NET INCOMEI(EXPENDITURE) Transfers boton funds (4.802) 6,222 (15,383) 16,222) (20,185) Net movement In funds 1.420 (21,605) {20,185) RECONCILIA TION OF FUNDS Total funds brought forward 228.976 22.646 251.622 TOTAL FUNDS CARRIED FORV¥ARD 230.396 1.041 231,437 P)e 13 conlinued...
Notes t the Finanaal tatements- continu e Year Ended 31 Drnber 2023 MOVEMENT IN FUNDS Net Transfers rTh)vemerrt behveen in funds funds At 31.12.23 Al 1.1.23 Unr8strlcted funds General fund Charis Grants Fuel 230.396 40,654 (26.288) (26.2881 26.288 244,762 230,396 14,366 244,762 Restrlcted funds F¢Jod Fuel Financial Indusion Propd (336) 116 20.890 10 811 20,890 695 1.041 20.670 21,711 TOTAL FUNDS 231,437 35.036 266,473 Net movement in funds, induded in the above are as frAIryws: Inc£•ng Resources Movement resourc expended in funds Unrgstrlctod funds General fund Charis Grants Fud 165.959 (125.305) (26,288) 40,654 {26,288) 165,959 1151,593) 14.366 Restrlcted funds 750 11,247 43,987 {1.086) (11.1311 (23.0971 {336) 116 20,890 Fuel Fin8ncid Indusion Projecl (35,3141 20,670 TOTAL FUNDS 221.943 {186,9071 35.036 Page 14 ntinued...
Notes to the Finanaal talements- cx)nb'n for the Year Ended 31 December 2023 MOVEMENT IN FUNDS- continued Comparatives for movement in funds Transfers ¥ment btheen in funds funds At 31.12.22 At 1.1.22 Unreslrfct8d funds General fund 228,976 (4,802) 6,222 230,396 Restrlcted funds Covsd 8.619 14,027 (897) (15,181) 695 (7,722) 346 695 Fuel (15,383) (6,2221 1,041 TOTAL FUNDS 251.622 (20.185) 231,437 Comparatile net mnnI in funds. Ind* in the al)ove are as follows: Incx)ming Resources Movement resources expended in funds Unrestricted funds General fund 113.172 (117.974) (4,802) Restrlcted funds COVKI Fwd Fuel (897) (15,1811 (127) (897) {15,181) 695 822 822 (16,205) {15,383) TOTAL FUNDS 113.994 (134.179) 120.185) Page 15 n1inuJ...
DBANK Notes to the Financial ements- conkn'nued for the Year nded 31 Dernber 2023 MOVEMENT IN FUNDS. continued A current year 12 months and wior year 12 nrthS combined position is as follcws.. Net Transfers nTh)vement beeen in funds funds At 31.12.23 At 1.1.22 Unrestrlcted funds General fund Charis Grants Fuel 228.976 35.852 (26.288) (20,066) 26.288 244,762 228,976 6.222 244,762 Restrlcted funds Covid 8,619 14,027 (897) {15,517) 811 20.890 (7.722} 1.500 io 811 20.890 Fuel Financid Induson Projecl 5,287 (6,2221 21,711 TOTAL FUNDS 251.622 14.851 266,473 A current year 12 mwths and Fyior year 12 K)nthS LX)mtined nat nveEnt in fund3, induded in the above are as follows.. I(1ng Resources Movement resources expended in funds Unrn$trlcted funds General fund Ch8ri$ Grants Fuel 279.131 {243,279) (26,288) 35,852 (26,288) 279,131 {269,567) 9,564 Restrlctod funds Cowd 1897) {16.267) {11.2581 {23,0971 1897) (15,517> 811 20,890 750 12,069 43,987 Fuel Finanaal IrKlusI ProR¢ 56,806 (51,519) 5,287 TOTAL FUNDS 335,937 (321,086) 14,851 Page 16 ntinu...
DBANK ote to the Fin for the Year End ncjal tatements - continued 1 December 2023 RELATED PARTY tXSCLOSURES There were rK> related party transacamS for the year ended 31 December 2023. Page 17