REGISTERED CHARITY NUMBER.. I I5769A REPORT OFTHE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS R THE PERI DIA RIL 24T I DECEMBER 2024
THE NEED PROJECT CENTRAL BEDFORDSHIRE NTEN FTHEFI AN IAL R THE PF.RIOD I APRIL 2024 T TATEMENT I DFCEMBF.R 2 24 Page Report of the Trustees Independent ExAmlD¢r'$ Report Stat¢ment of Flnan¢lal Aellvltlts BAIAnee Sheet Nott$ lo the FlnAnelal Statemcnts 10- 15
THE NEED PROJE CENTRAL BEDFORDSHIR REPORT OF THE TRUSTEES FOR THE PERIOD I APRIL 2024 TO 31 DECEMBER 20 The Inislecs prcsenl their reporl wilh ihe financial slaleinei)ts of Ihe cliarily for Ihe period l April 2024 J l Dccci]Ibcr 2024. Thc trLlStecs have adoplcd Ihe provisions of AccoLinting and Reporting by Charities.. Statement of Recommend Praclicc applicablc to charilics preparing their accounls in accordance will) the Financial Reporting Standard applicabl¢ in the UK ond Republic of (FRS 102) {efflIve l January 2019). STRUCTURL GOVERNANCE AND MANAGEMENT Gov¢rnlng do¢um¢nt The chariry is controlled by its governing document, a deed of trust and constitutes an unincorporaled charity. OUR OBJECTIVES VALUES AND AIMS OF THE CHARITY. Our Objettlves Are: To relicve persons in cenlral Bedfordshire and tlie surrounding area tliat are in povcrty or finai)cial hordsliip in sucl) ways as Ihe Trnstees from lime lo lime tliink fil, in particular, but nol excllisively by.. ProvidinB food pckn8es to support individuals And families who ftre experieiieing food dcprivalion. Providin8 Other ileins 10 meet Immedia and essenlial needs, as resources allow. Developii)g ollier fonns of supporl lo meel iinm¢diale need aiid allevinle financial hardsliip. To acliieve il)es¢ objecis The Need Project has the following,. Our VAlueg Are: We are a Clirislian orgaiiisalion molivalcd by Jcsu¥' leaching on povcrly and injuslicc. Wc OrTale a¢cordin&v lo Christian principles of compassion, honesty, inle¥rily, openncss, kindness and carc of all p¢ople, rebyardless or b&ckgmLinds or beliefs (or none). We are passion8le about inclu&ion And bein8 non-jLid8eineniil is cenirnl to wliul wc do. We believe tliat everyone l)a$ the righi io l)av¢ food on Ih¢ir plaie, dignity, skills, a cliance io work and IK)pe for the tiitLire. Our Alm$ Ar¢: The Trustees employ a number ot strategies lo assisl The Need Project to alleviate poverty or financial hardship lind meet its Objeciivcs by.. Providing free food parcels. By providing food and oilicr csgenlials to foniilies 01)d individuals referrcd lo the cl)ariiy by recoBnis¢d social work agcncies. local lluilioritie8. coinmunity bodies, cliurclies, charilies or oil)er orgoiiisaiions whose piirpose includes Ihc prevenlion or rclicfofpoverty {'refeal a¥eies'l. Dev¢lopinLi ¢tTeKliv¢ relalionsl)ip$ wilh local ¢oun¢ils (Couniy. iinilary, pari$h and town), refcrral a¥¢ncics, foiil) groups and coniinunily 8roups. EnsLirin8 wide cominLinily paflicipAiion in Ilic cliarily's projccis Ihrou8118ivin8 and raising awiir¢nes$, Developin8 a culiure of lifclonB Icarnin8 Ihroii8lioul Ilic or8anibalion lo allow Ili¢ Inisices, core slafy and voliinieers lo do their allotted job4 effectively. Biiilding Strong links wilh Ihe locul Inedia and rcgularly iip(laling th¢ cliarily's w¢bsit¢ 10 stiniiilllte public awar¢n¢ss of thc ¢h&rily's work and (h¢ issii¢s fa¢in8 peoplc in poverty ttnd distrcss. Selling lip social enlerprises which add value lo Ihe Lharity's exisling proj¢¢ls by genernling SLirpliises. Identifyii)g* Lvaliiating and inLorporating b¢st Pf&LliL¥ in proj¥Lt t¥mplat¥s to vnsure thllt projccls b.0m¥ self_susthining and are easy to replicate. Workii)g closely iviih churches to help the ChrisiiAn faiih eoinn)unity to take a inore active, pr&)etieal and effcctivc rolc in social action. Providing educational sUp)rI enable ihose referred 10 becom¢ more gclf-sufficient where il is approprialc. and resources alloiv "OURTr KEY PERFORMANCE INDICATORS We have sumniarised below Ihe ouipilts, oLilconi¢s, iinpacls and ben¢fils of Ilie work of ilie N¢Ld Proje¢l, bill us Clirislian Cl)arily it is oiir conviction tliat ihe Lord lias done His work of meeting rKoplcs' ne¢ds Ihroii&ili oiir lobours, Pa8e I
THE NEED PROJECT CENTRAL BEDFORDSHIRE REPORT OF THE TRUSTEES R THE PERIO PRIL 2024 TO 31 DECEMBE 24 WHAT WE HAVE I)ONE Wc l)avc cslablishcd partnersliips with the following organisations- Community Supporters , VAPw>J j eAhrId UDJkrdty Henlow LABURNUM ITrt4¥4¢¥j¥ry li Lawnslde uk ROECROFT Ioliei Schfjo '•tlf.iJ P*8e 2
THE NEED PROJEcf CENTRAL BEDFORD HIRE REPORT OF THE TRUSTEE PRIL 2024 TO 31 DECEMBER 2024 Busines5 - Best Before eo op M&S Salnsbury¥ B¢%lge Ftsrni Sli TESCO Frn B•skel WAITRQSF. Councils r* I C.enriJl 8odtordshlie -oiincil Fliiriek Ti)wn Covi)rll I, l <hofford iown fwTrcll Sioilold fov4cil Business - Other BOXALL TAXIS Meadowcroft )L'LiI L l ai'L'I TLC LWNGE CO UII ThitrThgibtYil itsurtfjè P¥b3cI.'a Lfvdi 5rAiitrgrs ie'.£h'.?c¢; r..ioc15eroi-p Horrf5Qn5AccountoJKy IJK ¥•Trut•tlwrn w.sIflGtlyb8ds,co.u 14wiiS6'nsNv.oL'fit8nc5 I Str(L l-,Iil'.s S 8unk£ Pa8e 3
ED PROJE ENT SHIRE REPORT FOR THE PERIOD I A FTHETR 024 TO 31 DECEMBER 2 These are the slals for Il)e year: Aprll 2024- Deceinber 2024 Agency Slated Reasons for Reterral *it+ T•t41 Food Compwlsons Total value to date at £65 er arcel £ 452 150.00 Hub SuInma Total ro Date Monthly Average fLltsvlck 670 Cranlield WHAT WE HAVE ACHIEVED Rord niiinbcr or rood piircels dclivcrcd an inL'reasc of 54% on ilie previous year. Our iipdated websile. which now includes iin online referral sy¥lem which rediices Ilie l)ands-on adinini%lrnlion of Lhis key pri)ce.44 And ha% gignificantly improved oiir operatin¥ efficiency. Page 4
THE NI EED JEcf CENTRAL BEDFORDSHIRE REPORT OF THE TRUSTEES RIODIA 024 TO FO EMBER 20 WHAT DIFFERENCE WE HAVE MADE A $mple of expressions of gralltude from those we are called to Serve Tliaiikyou $0 iiiiielifoi. Ili¢ deliijeiy niadc ¢lii.Y nioriilijg. Wilh ni), liiixbniid s IL•i'iniiial ¢'aiicer aiid Icit¢..¥iugc dciiieiilla Il's been vei!1 ylre.ssfiil io pop ou( eveiifoi. Isle siipplies a,F lie cannoi be leli Iiloiiefoi. lopig. Il'. ven. difficiili io eiic'oiii a£e hiiii lo eoi aiiyiliiiig. Apari fit)iii ihe udd oiie .IlicL .¥oiidwiL,h, bi.iciiils. ciikvj Iinil o¢'¢'a.sioiial ¢,lecii' .soiip ui. fi'iiit.s. Ilopefiilly J Lvii ieiNJ)I lilin wilh ihe coiilviil.s ¥eiil. I cvii i eAINYss inji <ippi'ec-lullon of.votii' kliitliiess. The client advised Ihe food parcel wtss delivered yesterday and the people wlio chme to l)er properly were lovely. Slic stsid she is very graiefLII (or ull Ihe supporl. She said Ihe lady l)ad previously been 10 Il)e property and sl)e is particularly Iliankful 10 Iier. PROJECT LEADERIS REPORT As in lasr year's report. we Are still very busy with numbers. It's not slowlng dowii. but we continue lo ineet the ¢h8llenge Jiid through God's grace and mercy, we conlinue lo successfully feed our hungry iiejghbours. Our volunteers coniinue 10 amaze us, with their commitment nnd passion for our Ininisiry and so does ihe incredible ongoing suppori froni 11)e public, wllo buy inio wlial we do, soii)elimes quite litcrnlly. W¢ ar¢ avcrnglng 754 pDrc¢ls a Inoiltli and 400 lop up l)ags or rood Ihlll would oilicrwise be in landfill. wl)leh lolals pproXimalY £50,000 PLY month. Tliis always uiiia/¢s us, as we continue b¢ in a po%ilion lo corry oiii our miiiisiry. As tl)is gocs to print, l Can confinn, w¢ arc the owners of11)c chapLI w¢ We in the proce?*S of PLircl)a8ing lind ar¢ in tlie proccss of dev¢loping Ihe premises, (Praise for his incredible provision), 10 SLlIt our presenl and fiilurc nceds and Ilial of our coinmiinily. We continue io operale out of our usual hubs Ihrou8houl Central Beds and beyond, with some additional volunteers joining our Icain. Cl)rislinas wa5 very busy. a5 olways, will) us l)avin8 10 resl)ap¢ our sysrcm. diie 10 probleins willi preinises, bLIt li was a grelli su¢¢¢$g And we learnl from li for next year. li) closijig. l ani so ¥rllleful ihos¢ employed by Il)e Pn)jecl, Iliosc amazing volunl¢¢rs and Ihe wonderfLII publi¢, wilhoLII wliom we couldn'l fuiiclion. Prnis¢ God always Gordontr •. TREASURER'S REPORT The resiilts for Ihe period show an income of £231.206 (2024 £368,334) and expenditiire of £209,490 {2024: £273.26S) resulting in a surplus of £21,716 (2024: £95.069). As parl of Ihc inconie relares to donaiions for ilie developinenl of Ihe ¢liarily. Iliese ftre shown in a sepai'aie designated rund. Fund balan¢¢s ian be found in noi¢ 12. FUTURE DEVELOPMENTS OLir Inain alS for Ihc projwt to ensure oiir long-tenn sustainabiliiy, and inLreasc oiir operAtional ¢I¢l¢n¥y, whicli incliidcs,: Align th¢ r¢porling pericrfl with the lendar, Jhniiary lo Decembcr. hcncc ihis ini¢rim rLpoN ¢ov¢ring April 2024 to Deceinber 2024 Purchase ai)d develop Siotfold Methodist Chapel as the new operaiioi)sil cenlrc and u new Commuiiily Ccntrc S¢cure fiiiiding lo realisc Ilic abovc goal and susiaii) Ihe purchase of food in bulk to meet the demands food poverty in our region Appoint a new chair of trustees Appoint a new Project Leader by October 2025 Page S
THE NEED PR CENTRAL BEDFORDSHIRE RE RT OF THE TR FOR THE PERIOD I APRIL 21b24 TO IDE ER 2024 TRUSTEES Polenlial Inisiee Landidat¢s are nonnally referred by trusted local church Icad¢rsl)ip. We would nonnally expect Ilie candidate lo hov¢ 8ood standing within thcir chUh, have Christian values and have refcrees that Lan iltlest lo tlieir suiiabilily. Discussions would be had with the candidate lo inform thern more iibout Ihc work ofthe choriiy tind role as Inistcc. If ihey wish to proceed theii tliis As discussed al the following trusÈe¢s meeiing aiid, if there is unaniinoiis Breement, the person is elected as a trust¢¢. RESERVES POLICY As trustees we liave set a prudeni financi)I reserves policy lo ensure Iliat the ongoing finnncial commitin¢nls of Ilic ¢l)ariiy can be Inci. Tlie reserv arnounl 18 Set al 6 inonths of nonll1 opernting expenditure. ex¢ludinB food. This is calcultsied iwice per year ond Ilie figure uged in Il)e accounts for ilie following 6 monihs. REFERENCE AND ADMINISTRATIVE DETAILS Rcglstcred Charlty number 1157691 Prlntlpal Addre$$ Trustees RHCaln Mr¥ D M Addains CJ Humillon l D Adtsm* Mrs S Cain S J Backhoiise D Dcards Indepcndent Ci xamlner Neil C Harding FCA Br&dsliow Jolinson Chortered Accountantg Croft Chaimbers 11 Sltsncroft Hitcl)in Hertfor(Ishire SG5 IJQ Approved by order of the board of trusl¢es on 29 April 2025 and signed on ils behalf by: Bob Cain, Chairot TNslecs Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE NEED PROJECT ENTRA HIRE Independenl exirnlntr'x rtport to the trustoes ofTht Need Projeet CentrAI Bedfordshire I reporl to tl)e cliarily IN¥lees on my exaininution of the accounis ofThe Need Projcci Central Bedfordshire (Ilic Tnist) for ihe period l April 2024 10 31 Dccember 2024. Responslbilltles basls of report As tlie charity tnisiees of the TrLlSt you are responsible for the preparation of thc accounts in ordance with the requiremenls of the Charities Act 2011 Cthe Act,). I r¢p)rt in respect of my examinalion of the Ts1'S accounts Caled out under Seciion 145 of the Act and in c4rrying out my exninli01) I have followed all applicable Directions given by Ihe Charity Commisgion under Section 145(5)(b) of the Act. Independent examlner's $t*ttmont I have completed Ihy ¢xainiiiaiion. l LnfIrin thal no nlalerial Inatlers l)ave comc lo my allention iii connection ivlili the Lxnininalion givinbi nie cause lo belicvc Iliai in any inaierial respecl- ccountii)g records were not kepi in respect of the Trust as r4uir¢d by Seclion 130 of thc Act; or the account5 do not llccord willi Ihose records; or the dLLouni% do noi u)mply wilh ihe appli¢#ble reqiiiremenls LonLerIiin8 11)e fonn and coiileiil ol. #ceouiils $¢1 out in ilie Cliartties (A¢¢ounls and Reporls) Regulolions 2008 oiher ihan any requirenicnt that ihe accoun1% give a Irue and fair view which is not a matter Conside gs parl of an independent examination. I l)ovc no concerns and Iiave come across no other mollers in conneclion wilh lh¢ ¢xii))inailon 10 wl)icli otlei)iion sliould be drawn in illi8 report in order lo enable o proper undersiandinu ofihe a¢counl$ lo be reochcd. Neil C Hardin8 FCA 13rad$haw Johnson Clloriered AccoiiniaiiL% Croft Chllmbers I I Ilan¢roft Hiichin Hertfordshire SG5 IJQ Date: I l June 2025 Page 7
THE NEED P JEcf CENTRAL FORDSHIR TA EM T OF FINAN IVITILS FOR THE PERIOD I APRIL 2024 TO 31 DECEMBE Period 1.4.24 10 31.12.24 Unrcstricied Inds Year FndL(I 31.3.24 Total fiinds Notes INCOME AND ENDOWMENTS FROM Donaiions and legacies 212.925 348.976 Oil)er Irading aclivi(ics Invcsiincni incoine Otlier incoine 16.621 1,660 17,170 2.170 18 Total 368 334 EXPENDITURE ON Raising fiinds 3.234 5.511 ChArltable ncllvltlos Running food b*nk 206 256 267 754 Tot#1 273 265 NET INCOME 21,716 95,069 RECONCILIATION OF FUNDS Total funds brought forward 309.940 214.871 TOTAL FUNDS CARRIED FORWARD 331656 Th¢ notes forn) part of these financial stHtcmenlS Page 8
THE N& ED PR<)JECI' .NTRAI BF.DFC) .24 L'nr¢strIcd nds 11.3.?4 Total funds Noi¢¥ FIXED ASSETS Tnnsibk Iik%tlS 5.640 ').024 CLIRRF.NT Al>SET lock.* l)oblor$ 10 17.439 3?3.749 3?.903 256.IN3 349.056 CREDITORS Amounls Idllwi¥ du¢ witliin onc ycur 123.04U} 11.20UI NET CI'RRENT ASSF.TS 31(•.Olf? 300.916 I'OT'AL ASSLTS LESS CI'RRENT LIABILITIES lJlh56 .109.940 NF.T ASSTr:'I'S FUNDS Unr¢stri¢i%xi fundiTr 331.1156 .1011.940 'I'OI'AL Tr'UliDS J.I1.656 31)i).I140 ThL finaniiol sl¥i¢mLnlti w¥r¢ llpprol'kd b>. Ihi Bourd of Tru&tL¢S And nuilK¥ri%¢d Iilf t%%ue on 2Q Apnl 2025 and WLif si¥iILd oil Il% bL.huli'h)': S J l5alatry¢- Tru¢. ThL ntsi¢s lomi port vfikn'¥L' fina117 JlulLinenis
THE NEED PROJECT CENTRAL BEDFORDSHI NOTES TO THE FINANCIAL STA TEMENTS IUL 2024 TO 31 DECEMBER 2024 FOR ACCOUNTINC POLICIES Balls of preparlng the flnanclal statements The finaniitsl statements of the chari¢y. which is a piiblic beDefi¢ entity iin(Icr FRS 102, have been prpaT in accordance with the Cl)arili¢s SORP (FRS 10?) 'Accouniing and Reporting by Charili¢s.' Siaiemeni of Recommended Practice applicable to charilies preparing their accounls in accordai)c¢ with thc Financilll Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102) (effective l Januhry 2019),, Financial Reporting Sland&rd 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Aci 2011. Tlie financial sraienienls have been prepared under the historical cost convention. Tlie Need Project Centrnl Tkndfordsliirc Ineeis ihe definiiion ora pvblic benefit enlily under FRS 102. Ineome All incom¢ is recognised in the Statemei)l of Financial Activities once Ihe charity hfts cnlitlcmeni io the fui)ds. it is probable that th¢ income will be received and the amount can be rneasured reliably. Exptndltu Li&bililies are recosnised as expenditure 05 500n os Illere is a legal or conslrnclive obligation commilling Ilie cliority ¢0 Ihni expendirure. il is probable that a Iransfer of economic bcnefils will be required iii s¢ltlcineni and Il)e amounl of Ihe obligalion cali be nieasuwed reliably. Expendilure is accounied for on an accruals basis and l)as been Llassified under headings Iliat aggregate all Lost reldied to Ihe ¢aleLFory. Wliere cosls cai)nol be dir¢¢lly tlribiiled Io particiilar headings Ihey have been allocale(I Io Qclivities on a bosis consisleiil will) Il)¢ iise of rcsoli.¢$. TAnglble flxed issetg Depreciation is provided at the followin8 anniial rfilcs in ordcr to writo o(f ench assct over its esliiiiaicd us¢ful life. Motor vehicles 200/0 on cost Siocks arL vlUed ai ilic low¢r of¢oyl and n¢1 n71Sable vgluo, aftcr InnkinB duL llllowanLc for obsolelc and slow Inovins ileiiis. Tlxgtlon Th¢ Chariiy is exempi from lax on lis charithblc uctivities. Fund lccounilng Unrestricted funds Con bc uscd in Jccordnnce with Ihe charilfible objectives al the discretion of th¢ irusiees. Resiricied funds e&n only be used for particular restricted purposes wiihin tlie objects ol. the cliarily. Reslriclions aris¢ wlien $pecifi¢d by tlie donor or wlien funds are raised for porticular resiricied purposeg. Fiirther explanaiion of ihe n11 (ure 11 nd piitwse of each fiind is included in th¢ notes to the financial sthlcnients. Irreeoverable vat Irrecoverable VAT is charged against the calegory of resources expended for which il was incutTed. CAsh & cash cqulvnlents Casl) and ca) equivalenis comprise cash oli l)and and call deposi15, and oilier sliorl-leriii Iiighly liquid inveslnienrs thai are readily convertible to a known ainount of Cli81) and are %ubjecl lo an iiisignificant risk of change in value. Pag¢ 10
THE NEED PROJECT CENTRAL BEDFORD HIRE NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE PERI DIA EMBER 2024 DONATIONS AND LEGACIES Period 1.4.24 lo 31.12.24 Y¢ar FndLd Donatio8 Gitl aid GTants 41,478 7.130 164317 97.052 8.073 243.851 212925 348 976 Grants received, iiicluded in Ihe above. are as follows.. Period 1.4.24 lo 31.12.24 Year Ended 31.3.24 Govcrninenl l Local Autliority Busin¢&% Charilivi l Trusis 62,510 7.560 85,094 7,639 129,310 21.394 76.264 11.599 Scliools 164.317 243,851 OTHER TRADING AcfiviTIES Period 1.4.24 Y¢ar Ei)dcd 31.3.24 31.12.24 Fiindrnising 17.170 INVESTMENT INCOME Period 1.4.24 lo 31.12.24 Ycar Eiided 31.3.24 Deposit a¢¢oiinl inl¢rcsl 2.170 Page 11
HEN DPR TE TH MENTS- eontinued OD I APRIL 2024 TO 31 DECEMBER 2 24 TRUSTEES, REMUNERATION AND BENEFITS Included in staff costs is remuneration paid to two trustees. Both truslees wer¢ employed by the charity before their appointment. Their remuneration r¢late8 solely lo their employment activities they receive no remuneralion for being a trustee. The h¢r trustees (who receive no remuneration for this role) agreed to this arrangement as it was beneficial for the charity and agree any changes to the remuneration. This has been the position for the period ended 31 December 2024 and for the year ended 31 March 2024. Trustees, expenses Mileage costs were paid in the year lo R H Cain. on¢ of ihe Truslees. of £1,114 (2023: £860) to cover the cost of delivering food parcels. STAFF COSTS The average mcthlY number of employees during the period was as follows.. Period 1.4.24 to 31.12.24 Year Ended 31.324 Food bank stsff No employees received emoluments in excess of £60,0(N). 2024 COMPARATIVES FOR THE STATEMENTOF FINANCIAL AcfiviTIES Unrestricted funds INCOME AND ENDOWMENTS FROM Donations and legacies 348,976 Other trading activities Inveslmenl income Other income 17,170 2,170 18 Total 368 334 EXPENDITURE ON Raising funds 5,511 Charltable aetlvllles Running food bank 267 754 Total 273,265 NET INCOME 95,009 RECONCILIATION OF FUNDS Total funds brought forward 214,871 TOTAL FUNDS CARRIED FORWARD 309.940 Page 12
NEED PR T CENTRAL BEDfiORDSHIRE TO THE NCIAL STATEMENTS - eontlnutd FOR THE PERIOD I AP 024 TO EMBER 24 TRUSTEES, REMUNERATION AND BENEFITS There were no trugtees, remiineration or other benefils for the period ended 31 Deeeinber ?024 nor for the y¢ar ¢nded 31 March 2024. Trustees, expens¢$ Milcage cosis were paid in ihe year to R11 Cain. oiie of the Truslecs, of £1487 (2023,. £860) 10 cover Ihe cthsl of delivering food parcels. STAFF COSTS Tl)e average Inontllly nuinbcr of eniployees durin¥ Ihc pcriod was as follows.. Period 1.4.24 to 31.12.24 Year Ended 31.3.24 Food bank staff No cniployecs received eiholumcnts in excess of £60.(KIO. 2024 COMPARATIVES FOR THE STA TEMENT OF FINANCIAL ACTIVITIES Unrcslricl¢d funds INCOME AND ENDOWMENTS FROM Donations and legacies 348.976 Olher irndiiig UCiivilie$ Invcstinenl incomc Other inooinc 17.170 2.170 Total 368.334 EXPENDITURE ON Raising fiinds 5,511 Charltable Aetlvltl Riiiini118 food bai)k 267 754 Totthl 273.265 NET INCOME 95,069 RECONCILTATION OF FUNDS Tolal funds broughi forward 214.871 TOTAL FUNDS CARRIED FORWARD 309.940 Page l?
PROJECT CENTRAL BEDF RE OTES TO THE FINA RIOD I AP TATEMENTS - contlnued 24T031DE ER 2024 TANGIBLE FIXED ASSETS Motor vchiLIcs COST At l April 2024 and 31 December 2024 22.560 DEPRECIA TION At l April 2024 Char8¢ for year 13.536 At 31 December 2024 NET BOOK VALUE Ai 31 Decen)ber 2024 5.640 Ai 31 M&rcli 2024 9.024 STOCKS 31.12.24 31.3.24 Stocks 7.8611 io. DF.BTORS: AMOUi¥TS FALLING DUE WITHIN ONE YEAR 31.12.24 31.J.24 Other debiors Granis Gift aid Prepaymenls 1,660 25,000 7,903 15,033 746 ii. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE VFAR 31.12.24 31,3.24 Oil)er creditors 23,040 200 12. MOVEMENT IN FUNDS Nel movement in fiinds Trhnsfers b¢lw¢en funds At 31.12.24 Ai 1.4.24 Unre8¢rlet¢d (unds General fund Dcsignaled - Development fund tksignaied - Opcralions re8crvc 123.952 120.000 (13.284) 3S,000 {6,282) 104.3R6 155.000 72.270 6.2112 331 656 TOTALFUNDS 309.940 21.716 331.656 Pagc 13
HE NEED PROJECT CENTRAL BEDFORDSHIRE NOTES TO THE FINANCIAL STATEMENTS- eonllnut FOR THE PERIOD I APRIL 2 CEMBER 2024 12. MOVEMENT IN FUNDS- continued Nct Inovement in funds. included in the above are as follows: Incoming rcsources Resources expcnded Mov¢ment in funds Unrestrlcted funds GenerJl fund Desigi)aled - Devclopm¢ni fund 196,206 35.000 {209,490) (13.284) 231206 209 490) TOTAL FVNDS 231206 209 490) ComparAtlve8 for mov¢ment In fundi Nel n)oven)enl in fund$ Transters between funds At 31.3,24 At 1.4.23 Unrestrleted Th•fids Cjenernl fund DL¥ignaied - Developi))¢ni (und Designthled - Operulions TerVe 214.871 95,069 (185.988) 120,0(K) 65,988 123.952 120.000 214871 TOTAL FUNDS 214871 95.069 309.940 Comparaiive nei niovenienl in funds. included in th¢ above Dre as lollows,. IIKoniin rcsourccs Resources cxpended Moven)eiii li) fund5 unStrIcted fund$ General fund 368,334 (273,265) 95,069 TOTAL FUNDS 368.334 273,265) 95.069 Deslgnatcd funds Tl)e designthicd developineni fund incllidcs donthiions reccived ioiyards Ihc longcr-lcnii developnieni ol. thc Lliurily. including Ihe purcliase ofau permancnl l)ome for The Nccd Projecl. Tlie dcbignalcd upcralions rc¥erye provides for 6 rnnili¥ QP¢rnlioTr&l co%ls, ¢xcludin¥ buyin lood, in linc willi tlie rcserves poliLy. Pag¢ 14
THE NEED PROJECT CENTRAL BED RDSHIRE NOTES TO THE FINAN IAL FOR THE PER APRIL 2 TEMEN 0 31 DECE nlinued ER 2024 13. RELATED PARTY DISCLOSURES There wer¢ no related party irnnsallions for the pcriod ¢nd¢d 31 Dcceinber 2024. Page 15