Company registration number: 07419679 Charity registration number.. 1155313 Devon & Cornwall Food Action Ltd (A company limrted by guarantee) Annual Report and Flnancial Statements for the Year Ended 31 October 2024 WESTCOTTS CHAA TERED ACCOUNTANTS & PUSINESS ADVISERS
Devon & Cornwall Food Action Ltd Contents Reference and Administrative Details Trustees, Report 2to7 Independent Examinetrs Report Statement of Financial Activities Balance Sheet 10 Notes to the Financial Statements 11 to19
Devon & Cornwall Food Action Ltd Reference and Administrative Datails Trusteas J M Cooper A Dunne SAMonk G Smith J Steele J Keast Secretary J Keast Charlty Reglstration Number 1155313 Company Reglstratlon Number 07419679 The charity Is incorporated in England and Wales. Unit 4 Porsham Close Rolx)rough Plymouth Devon PL6 7DB Regl8tered Offlce Independent Examlner Westcotts Independent Examiner Plym House 3 Longbridge Road Plymouth Marsh Mills Devon PL6 8LT Page 1
Devon & Cornwall Food Action Ltd Trustees. Report Year Ended 31 October 2024 The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 October 2024. Structure, govornance and management Constitutlon DCFA is a registered company limited by guarantee having no share capit81. The liability is limited, in the event of the company being wound up, to a maximum of £1 per member. The company was formed on 26th October 2010, company registration 07419679. The company is governed by its Memorandum and Articles of Association. It is administered and led by a Board of Trustees. Recrultment and appolntment of trustees The management of the charity is the responsibility of the Trustees, who are elected and co-opted under the terms of the Memorandum and Articles of Association. Trustees are appointed to the Board of Trustees by an open recruitment process, inviting applications with appropriate skills, experience andlor qualifications. The sucsSful applicants are invited to formal interview with the TrUStS prior to their appointment at a Board Meeting. This is in accordance with the Safer Recruitment pr0dureS, (this is applied to all voluntary as well as paid positions within the organisation). Induction and trainlng of trustees All newly appointed Trustees meet with the Trustees and are introduced to the Hub of operation. They meet wth staff and volunteers where they are given a reading list of relevant documentation, policies, systems and procedures. Organisational Structure and decision maklng The Board of Trustees are responsible for agreeing the strategic direction of the organisation, ratifying policy and ensuring Complian with internal governance and external regulations and legislation. The Board of Trustees convenes quarterly or for extraordinary meetings when necessary. Day-to-day management of the organisation is delegated to the ChairmanlCEO, Mr Alan Dunne, and thereafter to the steering group. Alan Dunne retained his role as Chair and was assisted by appointed trustees Jan Cooper, James Steele, Shelly Monk, Graham Smith, Julie Keast (company secretary}. Page 2
Devon & Cornwall Food Action Ltd Trustees. Report Year Ended 31 October 2024 Objectives and activities Ourpurpose DCFA'S key aim is to reduce the impact of food poverty by collecting supplies of surplus edible and in date food that would otherwise go to landfill or incineration. Food is collected from all the large food suppliers, some distributors and manufacturers. The food is delivered to households and individuals in need throughout Devon and Cornwall. In the financial year 2023 to 2024 we provided 1,500 tons of surplus food, non-food including pet foo to our beneficiaries which would have othemise gone to landfill. ObJectlV88, 8tratsgl08 and actlvlties Our objectives Actively Ei'adicate Food Poverty in Devon and Comwall Ho. o Providing surplus 'fit for purpose, food & drink to households suffering food povety o Providing advice on food safety and nutrilion. o Promoting the reduction of food waste o Remaining compliant with food standard safety regulations. Cost effective solution to food relief o Removing the barriers to surplus food Our objective as always is to reduce food waste and eradicate food poverty in Devon and Cornwall. During 2023 the majority of households and individuals that we supported, remained the low income working families. Going forward we continue to future proof our valuable servi, we are still increasing our output substantially from our humble beginnings where we have widened our scope of assistance, from providing help to individuals with substance and alcohol abuse, to providing food parcels to families at l(Kal schools in the area and supply Devon & Cornwall Police and military veterans with emergency food parcels. Public beneflt The trustees confinn that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidan published by the Charity Commission for England and Wales. Page 3
Devon & Cornwall Food Action Ltd Trustees. Report Year Ended 31 October 2024 Achievements and performance Estimated total annual surplus food handled 900 plus tonnes per annum Food vtsste sent to AD- 180 tonnes per annum Number of fcod boxes 16,000 Number of meals 960,000 Volunteer hours 100,000 + Number of donor partner organisations 50+ 75°/o of food collected is rescued and diverted back into the community. Damaged food, past use by,non-freezable - a 'Zero to landfill, solution. Review of activities In 202312024 we continue to bulld on the progress and gr0h of the charity. Independent Surplus Food Redistribution Charity Part of Network of Food organisations in Plymouth (Devon and Cornwall) Established over 14 years ago . We operate from a 7000sq ft Warehouse in Plymouth • Fleet of 16 vehicles including 8 Chiller Vans Collecting in Plymouth and surrounding towns Additional installation of pallet racking Close to completion of HACCP facility to be used to separate bulk food (dry, chilled and frozen) complying with EHO regulations Successful recertification by EHO to operate as a cold store More staff completing formal certification in food hygiene Combination of smaller venues into larger hubs vthin the geographical area to continue providing a service in a more economical and efficient manner • Reduction in collected donations noticed and increasing has led to purchasing more staple foods Unfortunately, we stopped deliveries to individuals at their residence. due to financial restraints and volunteer capacity, but encouraged collections from the hub. Page 4
Devon & Cornwall Food Action Ltd Trustees. Report Year Ended 31 October 2024 We are an organisation which currently reiVeS no financial support from the food sector or govemment. Surplus food collections- 7 days and nights a week in Plymouth and surrounding towns PrOSsing more than 1 tonne of food per day • We collect from 18 major supermarkets and food outlets every evening, plus other food pr(KlUr$ during the day • We collect weekly, direct from regional distribution centres and factories We have received some grant funding for the Charity and we have managed to keep a good cash flow but are always looking at ways to ensure the Charity continues to be able to provide the vital assistance that is greatly needed, in the most economic manner. We are hoping to build on the success of 202212023 for DCFA which will enable us to support more families and organisations, across a wider area. During 202312024 V continued to deliver rn0 food to more locations as requested by individuals and families who are struggling financially in the cost of living crisis. As the demand for our Servi has grown, we have also had to invest more in the infrastructure of the hub to enable us to store food safely. Supported by.. Westcotts Burts Burcombe Haulage Lidl Bidfood Hunts Country Food Trust Cornwall Bakery Devon and Comwall Police Flapjackery Page 5
Devon & Cornwall Food Action Ltd Trustees. Report Year Ended 31 October 2024 Flnanclal review Pollcy on reseNes Reserves are required in order that the charity is protected against future events known and unknown, and Is able to maximise future opportunities and weather any future challenges that could possibly arise. We have reserves to ensure that replacement vehicles can be sourced should the current pool vehicles become unseNiceable. This is es8ential to maintain the operation of the charity- We are holding reserves to ensure that the charity can continue if income stopped for three months. Tru8tses and offlcern The trustees and officers serving during the year and since the year end were as follows., Trustees: J M Cooper A Dunne SAMonk J Scantlebury (resigned 18 November 2024) G Smith S W Watkins (resigned 14 June 2024) P D Mcconaughey (resigned 14 June 20241 J steele (appointed 21 November 2023) J Keast (appointed 21 January 2025) Secretary,. J Keast (appointed 21 January 2025) Page 6
Devon & Cornwall Food Action Ltd Trustees, Report Year Ended 31 October 2024 Statement of trustees. responsibilitles The trustees (who are also the directors of Devon & Cornwall Food Action Ltd for the purposes of company law) are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply them consistently. observe the methods and principles in the Charities SORP; make judgements and estimates Ihat are reasonable and prudent., state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company wll continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and di&8emination of financial statements may differ from legislation in otherjurisdictions. Small companies provision statement This report has been prepared in accordance with the small companies regime under the Companies Act 2006. The annual report was approved by the trustees of the charity on 2.8. ..7.:.as and signed on its behalf by- A Dunne Trustee Page 7
Devon & Cornwall Food Action Ltd Independent Examiner's Report to the trustees of Devon & Cornwall Food Action Ltd ('the Company.) I reFQrt to the charity trustees on my examination of the accounts of the Charity for the year ended 31 October 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5llb) of the 2Q11 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of Devon & Cornwall Food Action Ltd as required by section 386 of the 2008 Act. or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair vieW which is not a matter considered as part of an independent examination., or 4. the accounts have not been prepared in accordance wth the methods and principles of the Statement of Recommended practi for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102)]. I have no cOnrnS and have come across no other matter8 in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Matthew Keane ACCA Independent Examiner Plym House 3 Longbridge Road Plymouth Marsh Mills Devon PL6 8LT Date:. Page 8
Devon & Cornwall Food Action Ltd Statement of Financial Activities for the Year Ended 31 October 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restrlcted funds Total 2024 Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities 92,644 116,787 92,644 116,787 84,303 112,642 Total income 209,431 209,431 196,945 Expenditure on: Raising funds Charitable activities Exceptional expenditure Total expenditure (2,272) (196,563) (2,272) (196,563) 3,422 (200,913) 195,413 195,413 200,913 Net incomel(expenditurel 14,018 3,968 Net movement in funds 14,018 14,018 (3,968) Reconciliation of funds Total funds brought forward Total funds carried forward 14 125,543 3,424 3,424 128 967 132,935 139,561 142,985 128,967 All of the charity's activities derive from continuing operations during the above periods. The funds breakdown for 2023 is shown in note 14. The notes on pages 11 to 19 form an integral part of these financial staternents. Page 9
Devon & Cornwall Food Action Ltd (Registration number: 07419679) Balance Sheet as at 31 October 2024 2024 2023 Note Flxed assets Tangible assets 11 74,407 71,005 Current assets Debtors Cash at bank and in hand 12 11,847 60,328 1,495 79,957 81,452 72,175 Credltor8: Amounts falllng due wlthln one year Net current a88ets 13 (3,597 23,490 68,578 57,962 Net assets 142,985 128,967 Funds of the charlty: Restricted Income fund8 Restricted funds 3,424 3,424 Unre8tricted income funds Unrestricted fund5 139,561 125,543 128,967 Total funds 14 142,985 For the financial year ending 31 October 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the charity to obtain an audit of its account8 for the year in question in accordance wth section 476, and The directors aCknOedge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance wth the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The financial statements on pages 9 to 19 were approved by the trustees, and authorised for issue on 23 7. Z S anrt qignp.d on their bphalf by.. A Dunne Trustee The notes on pages 11 to 19 form an integral part of thse financial statements. Page 10
Devon & Cornwall Food Action Ltd Notes to the Financial Statements for the Year Ended 31 October 2024 1 Charity status The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is: Unit 4 Porsham Close Roborough Plymouth Devon PL6 7DB 2 Accountlng polici88 Summary of slgnificant accounting policie8 and key accountlng estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Ststsment of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended practi (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP {FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Ba818 of preparation Devon & Cornwall Food Action Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otheiSe stated in the relevant accounting policy notes. Golng concern The trustees consider that there are no material UnrtaIntieS about the charity's ability to continue as a going concern nor any significant areas of UnrtaintY that affect the carrying value of assets held by the charity. Exemption from preparing a cash flow ststement The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. Page11
Devon & Cornwall Food Action Ltd Notes to the Financial Statements for the Year Ended 31 October 2024 Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. Income and endowments All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Donations and legacies Donations are recognised when the charity has been notified in Writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, wth central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Ralsing funds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise f unds. Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its benef iciaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature nece&sary to support them. Support costs Support costs include central functions and have been allocated to activity CQSt c.atP.gCJrip.q nn a h2.ql.q consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the tirne spent and other costs by their usage. Govemance costs These include the costs attributable to the charity's Complian wth constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. Page 12
Devon & Cornwall Food Action Ltd Notes to the Financial Statements for the Year Ended 31 October 2024 Tangible fixed assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment105ses. An increase in the carrying amount of an asset as a sUIt of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation and amortlsatlon Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.. Asset cla98 Freehold property Plant and machinery Motor vehicles Depreclatlon method and rate 150h straight line 15 % straight line 15 % straight line Impalmient of fixed assets A review for indicators of impairment is carried out at each portIng date, wtth the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, then it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to ich the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflowB from other assets or groups of assets. Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Page 13
Devon & Cornwall Food Action Ltd Notes to the Financial Statements for the Year Ended 31 October 2024 Financial instruments Cla&sification Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Racognltlon and measurement All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or Icss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument, Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to *t off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneou81y. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabil ities are derecognised only when the obligation specif led in the contract is discharged, cancelled or expires. 3 Income from donations and legacies Unrestrlcted funds Gèneral Total 2024 Total 2023 Donations and legacies., Donations 92,644 92,644 92,644 92,644 84,303 84,303 4 Income from charitablo activities Unrestricted funds General Total 2024 Totsl 2023 Provision of food boxes 116,787 116,787 112,642 Page 14
Devon & Cornwall Food Action Ltd Notes to tha Financial Statements for the Year Ended 31 October 2024 5 Expendlture on charitable activities Unrestrlcted funds General Total 2024 Totsl 2023 Note Provision of food boxes Governan costs 184,467 12,096 184,467 12,096 196,563 195,791 5,122 200,913 196,563 6 Other expendltu Unre8tricted fund8 General Total funds Previous year VAT reclaimed Totsl for 2024 3,422 3,422 3,422 3,422 Page15
Devon & Cornwall Food Action Ltd Notes to the Financial Statements for the Year Ended 31 October 2024 7 Analysls of govemanco and Support costs Support costs allocated to charitable activities Other support costs Total 2024 Total 2023 Bookkeeping Governan admin costs Accountancy fees 7,716 1,596 2,784 12,098 7,716 1,596 2,784 Governance costs Unrestricted funds Goneral Total 2024 Audit fees other fees paid to auditors Bookkeeping fees offi costs allocated to governance 2,784 7,716 1,596 12,096 2,784 7,716 1,596 12,096 Unre8tricted funds Goneral Total 2023 Audit fees Other fees paid to auditors 5,122 5,122 5,122 5,122 8 Net Incomlngloutgoing resources Net incomingl(outgoing) reSoUrS for the year include.. 2024 2023 Depreciation of fixed assets 19,900 17,525 Page 16
Devon & Cornwall Food Action Ltd Notes to the Financial Ststemants for the Year Ended 31 October 2024 9 Trustees remuneration and expenses During the year the charity made the following transactions wth trustees: J Keast J Keast reiVed remuneration of £2,640 (2023: £Nil) during the year. Included in bookkeeping expenses is £2,640 paid to Julie Keast who became a trustee on 21 January 2025. A Dunne £100 (2023.. £Nil) of expenses were reimbursed to A Dunne during the year. Included in other admin is £100 to Alan Dunne for reimbursed expenses. Donations made by the trustees without any conditions attached totalled £Nil for the year (2023 £25). One or more trustees has claimed expenses or had their expenses met by the charity. The total amount of expenses paid in the year to 31 October 2024 was £510 (2023: £2,039). The average head count of employees during the year was Nil (2023.. Nil). The average number of full-time equivalent employees during the year was Nil (2023.. Nil). 10 Taxatlon The charity is a registered charity and is therefore exempt from taxation. 11 Tangible flxed a88ets Furnlture and equipment Land and buildings Motor vehlcles Totsl Cost At 1 November 2023 Additions Dispjsals 3,588 16,485 60,835 3,779 (2,220 83,968 5,001 128,391 25,265 (2,306) At 31 October 2024 19,987 62,394 68,969 151,350 Depreciatlon At 1 November 2023 Charge for the year At 31 October 2024 1.355 2.278 21,813 9,130 34,218 8,149 57,386 19,557 3,633 30,943 42,367 76,943 Net book value At 31 October 2024 16,354 31,451 26,602 74,407 At 31 October 2023 2,233 39,022 29,750 71,005 Page 17
Devon & Cornwall Food Action Ltd Notes to the Financial Statements for the Year Ended 31 October 2024 12 Debtors 2024 2023 Prepayments Other debtors 3,313 8,534 11,847 1,495 1,495 13 Credltor8: amount8 falllng due wlthin ong yoar 2024 2023 Trade creditors Accruals 732 2,865 136 23,354 23,490 3,597 14 Funds Balance at I November 2023 Balance at 31 October 2024 Incoming rosourc88 Resources expended Unrestricted fund8 General 125,543 209,431 (195,413) 139,561 Restrlcted fund8 3,424 3,424 Totsl funds 128,967 209,431 195,413 142,985 Balance at 1 November 2022 Balance at 31 October 2023 Incomlng resourcos Re80urce8 expended Unrestricted funds General 129,511 3,424 196,945 (200,913) 125,543 3,424 Restricted funds Total funds 132,935 196,945 200,913 128,967 Page 18
Devon & Cornwall Food Action Ltd Notes to the Financial Statements for the Year Ended 31 October 2024 15 Analysls of net assets between funds Total funds at31 October 2024 Unrestricted funds General Restricted funds Tangible fixed assets Current assets Current liabilities 74,386 68,751 (3,597) 139,540 74,386 72,175 (3,597) 142,964 3,424 Total net assets 3,424 Total funds at31 October 2023 Unre8trlcted fund8 General Restrlcted funds Tangible fixed assets Current assets Current liabilities 71,005 78,028 23,490 71,005 81,452 (23,490 3,424 Total net assets 125,543 3,424 128,967 Page 19
Devon & Cornwall Food Action Ltd Detailed Statement of Financial Activities for the Year Ended 31 October 2024 Total 2024 Total 2023 Income and Endowments from: Donations and legacies (analysed below) Charitable activib'es (analysed below) Total income 92,644 116,787 84,303 112,642 209,431 196,945 Expendlture on: Raising funds (analysed below) Charitable activities (analysed below) Expenditure refund (analysed below) Total expenditure 12,272) {196,563) 3,422 (200,913) 195413 200,913 Net incomel(expenditure) Net movement in funds 14,018 14,018 (3,968) Reconciliation of funds Total funds brought fotward Total funds carried fomard 128 967 132935 142,985 128,967 This page does not form part of the statutory financial statements. Page 20