arrfesr,
LONDON
years of
City Harvest
ANNUAL REPORT
AND AUDITED
FINANCIAL
STATEMENTS
COMPANY LIMITED BY GUARANTEE
YEAR ENDED 31 MARCH 2025
COMPANY REGISTRATION NUMBER 08986929
CHARITY REGISTRATION NUMBER 1163055

arrfe%r,
LONDON
pro
TABLE OF CONTENTS
Pages
City Harvest Values & Impact
A letter from our Chair of Trustees
Trustees, Annual Report
Independent Auditor's Report
Statement of Financial Activities
Balance Sheet
Statement of Cash Flows
Notes to the Financial Statements
24
28
29
30
31

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
c&y
, lariesr,
LONDON
CITY HARVEST VALUES & IMPACT
IIThat ii:e do
Est. 2014, Clty HaNest Londonfood charity rescues nutritious surplus food from farms,
manufacturers. wholesalers, and retailers, and delivers it. for free. to over 130,¢JXI people a week via
organisations feeding those facing food povertv.
City Harvest rescues food. people. and the planet by divertinB food waste. providing life-changing
support to communities across London through food. and reducing greenhouse ga5 emissions.
Rescuing Food
Ctty Harvest ensures no 8ood
food Is wzsied. Our team
redlstrlbutes free food for
over 1.1 mllllon meals a
month to people
most In need.
Rescuing People
Clty HaNth belleves ln the
human rl8ht to food & that
people should thrfve. not
Just survlve. We ensure the
ght food gets to the rlght
people at the rlght tlme.
Rescuing Planet
Clty Hakvest helps food
partners reach UN 9
Sustalnable Development
Goals & dellver thelr ESG
strategles, reduclng waste &
maklng huge soclal Smpact.
Oiir V?liie8
Our values sit at the heart of what we do,. they inform our ways of working, the decislons we make,
the behaviours we champion and how the organisation should feel. We are proud that they have been
shaped collectively by our community- our staff, our volunteers, our trustees and our communlty
partners. To bring our values to life, we move beyond words and into action..
Compassionate
Community focused
Aspiring
Collaborative
Trustworthy
City Harvest Annual Report

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
c&y
, lariesr,
LONDON
Oiir Strate(ry-
Our 2025 to 2028 strategy centres on how we can deliver the right food to the right people at the
right time..
Rlght Food.. The range of categories and volumes of food that is requested is delivered
whenever possible.
Right People.- Those in the greatest need and cared for by impactful organisations are
onboarded by our community team.
Right Time.. Ensure that we have great and reliable customer service.
IOII
11
14.5M
£0.36
C05T TO
DELIVER I MEAL
6,110 TONNES
REDISTRIBUTED
FOOD
29
LONDON
BOROUGHS
IvitALJ
DELIVERED
ti ¥
133,000
RECIPIENTS
PER WEEK
31,830
HOURS
VOLUNTEERED
13,158 TONNES
GREENHOUSE GASES
PREVENTED
£11.90
SOCIAL RETURN
ON INVESTMENT
City Harvest Annual Report

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
,larieSr:
LONDON
A LETTER FROM OUR CHAIR OF TRUSTEES
It is both a privilege and an honour to introduce this Annual Report,
marking my first full year as Chair of the B03rd of Trustees of City
Harvest. Following the celebration of our 10th anniversary, this has
been a year of meaningful pro@ress and transition for the charity, as
we continue to build upon a decade of extraordinary achievement.
Following the
celebration of our
10th anniversary,
we continue to build
upon a decade of
extraordinary
achievement.
City Harvesvs impact remains truly exceptional. With a Social Return
on Investment of £11.￿, every pound donated generates significant
social. environmental, and food industry benefit. Our funders
recognise that by supporting City Harvest, they are in turn 5upportin8
more than frontline charities tackling hunger, homelessness,
Isolation, and h3rd5hip acr055 London. Quite simply, for every £1
dona*d, * provlde 3 nutrftfious meals.
Over the pasi year, our ieam has delivered food for 14.5 mllllon meals,
rescuing 6.110 tonnes of surplusfood that would otherwise have gone
to wasie. Our Ihriving volunieering programme
awarded the
'InN*stin8 In Volunteerg accredltstlon - saw an ouisianding 31,830
volunteer hours contributed, helpin8 us io feed people and prevent
Ihe release ol an estimated 13.158 tonnes of greenhouse gases.
The success of City Harvest Stands as a testament to the vision and
dedication of otjr founders. together with the tireless commitment of
our stalf. volunteer5. donors. and funder5. Alongside my fellow
Trustees, I remain committed to safeguarding and strengthening this
legacy. ensuring that City Harvest continues to deliver its vital mission..
rexuln8 surplus fothy to alleviate hun8er and reduce food waste
auoss Lonth)n.
The demand for our servi￿$ has remained intense. Rising inflation,
coniinued economic uncertainty, and reductions In public services
have placed growing pressure on the communities we support. At the
same time, the escalating climate emer8ency highlights the urgent
need for sustainable solutions to food waste
a challenge that Citv
Harvest is proud to address every day.
The demand for our
services has remained
intense, a challenge
that City Harvest is
proud to address
every day.
This year also marked an important leadership transition. OLJr
impassioned CEO. Sarah Calcutt. has decided to step away from City
Harvest. Sarah has been a highly visible leader of our charity for three
demanding years. during which we sourced and delivered food for 39
million meals. In particular. under her leadership we've grown fresh
produce as a percentage of our food deliverie5 from 42% to 56%
through more acce55 to farms and have becorne a meaningful
contributor to public policy dialogue5 surrounding waste and hunger.
We thank sarah for her contribution5 to City Harvest'5 mi55ion and
wish her success in her next venture.
City Harvest Annual Report

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
,larieSr:
LONDON
We are equally pleased to welcome Richard Gammage as our new
Chlef Executlve Offker_ Richard brings extensive operational and
financial expertise, together with a deep alignment to the values and
purpose of City Harvest. Under his leadership, we are confident that
the charity will continue to grov4 Its impact and deliver our mission
with excellence. efficiency. and compassion.
Thank You
On behalf of the Board of Trustees. I would like to extend my hearrfelt
thanks to=
With strong
leadership, a
dedicated team,
and the continued
support of our
partners and
stakeholders, we are
well positioned to
meet the challenges
ahead.
The Oty Harvest team, whose professionalism and dedication
underpin all that we achieve..
Our volunteers. whose contribution and spirit make our
mission possible..
Our funders and dor￿, whose generosity sustains and
expands our work..
Our food donors, whose commitment reduces both hunger
and wasie.. and
My fellow Trustees. for their guidance. insight, and
unwavering support.
As we look to the future. City Harvest remains steadfast in its mission,.
to rescue surplus food, feed those In need, and protect the
envlronment. With stron8 leadership, a dedicated team, and the
continued 5UPPOrt of our partners and stakeholders, we are well
positioned to meet the challenges ahead
and to build upon the
remarkable achievements of our first decade.
Paul Freeston
Chair of Trustees
November 2025
City Harvest Annual Report

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
. lariesr:
LONDON
TRUSTEES, ANNUAL REPORT
The trustees. who are also directors for the purposes of company law,
have pleasure in presentine their report and the audited financièl
statements of the charitable company for the year ended 31st March
2025.
Objectives and activities
The objectives ol Cify Harvest Include the prevention and relief of
poverty, the advancement of environmental protection and
supporting the effecrive use of resources for charitable purposes by
other charities by facilitating the distribution of surplus food.
In furtherance of these objectives. City Harvest collect5 edible surplus
food otherwise destined for landfill or anaerobic digestion frorn
retailers, wholesalers, restaurants. manufacturers and others. and
distributes it to tommunity pro8rams that Serve meals to vulnerable
people.
14.5m meals
This year City Harvest
delivered 14.5m
nutritious meals.
Achlevements and performance
The Impa¢t of Clty HJrvest's work
Dijring the past year. Cily Harvest redistribured 6,110 tonnes of
donaied nutrilious food that would otherwise have gone to waste.
This equated to 14.5 million highly nurrilious meals.
We Increased ihe number of recipients io which we deliver nutritious
surplus food Tn the past 12 months, and now deliver to 133,000
recipients each week via over 3C() community partners in Greater
London.
133,000
City Harvest delivered to
133,000 recipients each
week via over 300
community partners in
greater London.
The recipients of this nutritious food delivered weekly included
community foodbanks. soup kitchens. school foodbank5 and
children's clubs. rèfuges for women fleeing domÈstic violence. day
centres for the elderly and those facing mental illness.
Envlronmental benefits
City Harvesr's Impac( ro society includes the provision of a 501LJtion
for one of the leading global environmental i55ues of our time.. food
waste. When healthy edible food 15 sent to landfill, It decomp05e5 and
releases methane with a global warffling potential more than 80 time5
Ereèter than thèt of co2.
The Quantity of food City Harvest delivered this year resulted in
13.158 tonnes ol greenhouse gases being diverted from landfill. All
the resources that were ufilised to produce the 6,110 tcinnes of food
City Harvest rescued - energy, land, water would have been wasted
otherwise.
City Harvest Annual Report

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
, lariesr,
LONDON
TRUSTEES, ANNUAL REPORT
Ots. pro*
years of
Lily H*rvLyt
¢ONTENT
.. AWARDS
The large and growlng need for our servlces
The last round of the Food Insecurity Survey performed by the Food Foundation has confirmed what
our dedicated and passionate team witnesses each day.. there is a massive need for healthy food
amongst a 8rowin8 number of people fa¢in8 adversity. 7.3 million adults113.9% 01 households)
experienced food insecLJrity in lanuJry 2025 and 57% of food insecure households reported cutting
back on Fruits, 42% on ve8etables and 48% on dairy and e88S.
PEW
CHILDREN
TEEIIS
FAMILIES
LOW INCOME
HOMELESS
City Harvest Annual Report

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
, lariesr,
LONDON
TRUSTEES, ANNUAL REPORT
Ots. pro*
ServSng London's most vulnerable
Our work supports many vulnerable sections of London's population with significant impact on
nourishing the homeless, children and families, those on low income, and young people.
Our coverage
We are active in most of all London boroughs. of which Ealing, Hammersmith and Fulham, Newham,
Kensington and Chelsea, Lambeth. Camden, Brent and Westminster are the most significant lor us.
Communlty Impact
The dernand for food aid in the capital has continued at a pace this year. For people on low income,
zcce55 to free or low c05t food has become part of a -normal" way of life- an estimated 2 million
Londorier5 seek food aid each month.
City Harvest Annual Report
of**Sr.

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
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LONDON
TRUSTEES, ANNUAL REPORT
Ots. pro*
For City Haroest, this means that new enquiries to the Community Impart Team for our support continue
to rise and more and more orgènisations join our wait list. At the same time, the number of people turning
up to our existing community partners has risen such that we have experienced increases in demand for
our supplies from those we currently we work with.
In 2024125, City Harvest has broughi onboard 19 new community partner5 providin8 access to low or no
cost for￿ in their community. The new community panners mean thai City Harvest has stretched its
impact iri area5 It has not previously re3ched- geographically and dernographically.
For the first tirne. we are now delivering in one of
London'5 oldest riverside cornmunities, Rotherhithe.
through an excellent riew partnership with Rotherhithe
Commvnlty Kltchen. Similarly, 3 new partnership with
cr￿1(al Support means thai our food is reaching some
12,CQO people In Mitcham and Morden we haven't
previously reached.
tknrlS% increase in people we reach.
19 new communltypartners5erve over
1S.OOOpeople.
Exi5tinq communltypartner5 h(we
ported Intreoses In thelr clltnt numbers
too. Consequentty. we hove ts 15% to
20% Increose thls yeor In the total number
olunlque tllents Oty Harvest sfood
rettthes. In Nov23, the totol wtt$ 116,482.
At the endof March2025. It tracks ot
between 130.140,000 tllents.
A new partnership with the Camden Chinese Centre
means that we are now serving over SCQ people of
largely Chinese ethnicity in central London.
A small but wonderful project in Kensal Rise- the
Dementla Café- allows us to provide delicious hot
meals to elderly people sufferin8 from dementia.
Finally, the Refu8ee Communlty Kftchen in Gospel Oak is using our fresh produee to ensure that healthy
meals are made and distributed to some of the kK)orest people living on the streets or in refuges.
Meanwhile, the Team continues
to assimilate an impressive list of
potential new community
partners ready to be onboarded
as soon as food supplies and
logistics allow. Currenrly, rhere
are over 80 partners ready to
loln the Clty Harvest fam1￿.
An irnportant aim thi5 year has
been to continue targetin8 our
supplie5 toward5 some of the
boroughs facing the highest
levels of depriv3tion and need
for food aid. We have made
particular progre55 in Southwark
this ye3r and are about to
cement new partnerships in the
Borough of Lewisham.
. ¢0mrnuthcbl•
L (omrnuth M•al
io%
Food Hub& D
City Harvest Annual Report

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
, lariesr,
LONDON
TRUSTEES, ANNUAL REPORT
Ots. pro*
However big the numbers become. a central ethos at City Hèrvest is to maintain strong working
relationships with its community partners. This year. the Community Impact Team has personally visited
over 300 community partners. This may be a quick hello, or in a number of Instan￿$. a full darfs
volunteering to really'get under the skin- of frontline food aid service.
Whilst of course, getting surplus food out to where it is realty needed is our main focus. we a150 do all we
can to support our community partners more generally. At a time when all those working in the voluntary
and community sector are struggling for re50urce5, any information on source5 of funding or in-kind
support are 5hafed with our network.
We also do our best to spread good practice between or8anisations. This year, we have facilitated visit5
betweèn organi$3tions who might benefit from each othef'5 knowledge. Finally. we o¢¢a5ion3lly get
access to non-food items which can be very valuable lor our partners. This year, we distributed an
estimared nearly £50,0￿ ol non-lood irems to our community partners Including ten large chillers
donated by one ol our major food donors.
The big challenge going forward will be how best io meet the growing demand for our service given the
finite resources we have. A bi8 part of the solution is the evolving network of hub and spoke type
operations- Df8anisations that are able to take large quantities of food, store it and then distribute
equitably amongst smaller local projects.
These Hub5 have great knowledge of their patch and provide vital efficiencies in the food aid netWDrk,
especially those that have large freezer capacity. This year. we began delivering to Crltlcal SupporL Based
in Mitcham, they provide an onward service to around 15 smaller projects in the nei8hbourin8 boroughs.
Similarly, next year will see a new partnership with KOn8Ston Surplus Hub In New Malden where the Hub
will provide an onward servite to around 401o¢al organisations.
Tuckllng Isolotlon
A key slde effect olour work In London's most deprlved nelghbourhoods Is to tockle soclol
Isolutlon. Around 30% olourprolects brlng people togetherspeclllculty to shure o meal.
ryplcully. projects Ilke Foodcycle (where we supply oround 75% OA the 20 Foodcycles In
London) host around 20-SO people each week who share a meal cookedfrom surplusfood
by volunteersAmm the locol commvnlty on o -ready. steody. cook basls".
In uddltlon. the prollferotlon of communlty wnfoodbonks over the lost three yeur5 hus hod
mosslvely p051tlve Impact ogoinst Isolatlon. Communltle5 h¢7¥e come together to look
ofter eoch other in these dillicult time5 gnd moke sure people livinq on their own are looked
out for.
Our investment programme
We have maintained our commitfflent to investing in infrastructure and human resource5 to ensure
operation31 excellence 35 we serve the community. These initiatives include expandin@ our food sttsrage
capacity, investing in workforce development. procuring additional vans. and acquiring a 26-ttsnne truck,
which enables US to independently collect13r@er quantities of food.
City Harvest Annual Report
io

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
. lariesr:
LONDON
TRUSTEES, ANNUAL REPORT
Soclal return on Investment
Our communily partners received City Harvest fo(>d donations with a
retail value of £29 million during the year to 31st March 202512024..
£18.6 million) and were able to redirect their food budget savings
towards other vital services provided to vulnerable people in the
community. These services include coun5elling, educ3tion, nutrition
and cookery programmes. employment guidance, sports, and fitness
a5 well as health and wellne55 services.
£11.90
City Harvest's social
return on investment
{SROII is £11.90for every
£1 of expenditure.
Cily Harvest's k*ial Return on Investment ISROII L4 £11.9) for every
£1 of expenditure. Managemeni consulianis 8ain & Cornpany
provided pro-bono support io monitor the impact on society of our
food redistribution activities.
The largest component of our social return is essentially the value we
created out of unused but perfectly edible fresh, frozen, and ambient
food donated by bvsine55es.
FOOD EXPENDITURE
£6.4
Redvced food
Èxpenditure
Reduced a8encv
resources for fcM)d
purchases
ENVIRONMENT
£1.8
Reduced landfill costs
Reduced compost
costs
Reduced landfill
8reenhou5e gases
emission5
EMPLOYMENT
£u.y
Provision of
employment
support to
recipients
Direct employment
by City Harvest
£11.90 benefit for every £1 spent
HEALTH
0.9
Improved mental
health
Reduced
malnutrition
Improved child
health frorn early
intervention
CRIME
fo.9
Reduced crime
rates of recipients
EDUCATION
f 1.0
Improved
educational
outcomes
City Harvest Annual Report
li

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
. lariesr:
LONDON
TRUSTEES, ANNUAL REPORT
Food donors
This year has been a year of growth for the Food Team at City
Harvest. We sourced enough food to deliver 14.5 million meals. up from
12.4 million last year, thank5 to the gener051ty of our donors, the
dedication of our team and the strength of the relationships we've built
across the foLid industry.
14.5m rne.als
We sourced enough food
to deliver 14.5 million
meals, up from 12.4
million last year, thanks to
the strength of the
relationships we've built
across the food industry.
We've grown our team from four to seven. giving us the c3p3city to
rnanage ex15ting aicount5 In a more meaningful way as well a5 welcoming
new ones. 8uilding relationships and ensuring we provide an excellent
service to our donors are now firmly at the centre of how we operate and
It's made a re31 difference. We onboarded more donor5 than we10st this
vear and si8nificantty dwersified our base. Increasing the number of key
donor5 8ivin8 over 35 tonnes a year from 21 to 29.
This year, we were proud ro achieve a Guinness World Record for the
laf8est ever lo¢)d redistribution awareness campaign. It was made
possible by the support of long-standing partner Thomas Franks Ltd, and
the 8enerosity of our wider donor network. We also couldn't have done it
without the operational support ol If CO. whose reusab￿ crates helped us
move food safely and efficiently at scale.
Fresh produce continues to be a vital part of what we do and we remain
committed io ensurin8 that ai leasr SO% of the food we redistribute is
fresh and nutritious. We've invested in dedicated resource at New Covent
Garden Market, fixusin8 on buildin8 Strong relationships with market
traders and ensurin8 surplus is rescued quickly and efficiently. We're
80in8 to look to do the same at our New Spitalfields Market site in 2025,
given the success we've seen so far of havin8 rargeted resource for
outreach.
We're also grateful for the supw)rt of our Food Council. It's a 8roup of 30
industry professionals who Kt as arnbassadors for City Harvest. Their
Introduciion5 and Insight5 have helped u5 unlock new food source5 and
strengthen our p￿SenCe acros5 the sector.
We're Incredib￿ grateful to all our partners, including Amazon, Sysco,
Dirett Produce Supplies, Ethical Food Company and G's, whose
commitment to reducing food waste and supporting communities has
been instrumental in everything we've achieved thi5 year.
City Harvest Annual Report
12

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
. lariesr:
LONDON
TRUSTEES, ANNUAL REPORT
50% fresh food
We remain committed to
ensuring that at least 50%
of the food we
redistribute is fresh and
nutritlOUS.
Our Volunteers
By 8Nin8 their tirne to City Harvest. our volunteers make a direct and
powerful impact on the lives of thousands of vulnerable people acr055
London. Thanks to their support. rnany Londoners facin8 food in5ecuritv
8ain acces5 to nutritious meals.
Voluntsers are at the heart ￿ our mtssbn - keeping ihe vans rolling and
ensuring food Is ready io go oul to feed rhe city. From the frontline of our
operation, our volunteer community helps to unload deliveries, organise
generous fixjd donations, prepa￿ trays for our recipients. and carry out
vital warehouse tasks that keep City Harvest movin8. For every hour
volunteered. City Harvesi is able io deliver 460 meals to those in need.
31,830 Hours
In the year ending 31st March 2025. WÈ welcomed 2.002 volunteers. This
included 757 regular communityvolunteers. each giving an average of 31
hours across the year. and 1.245 corporate volunteers who Joined u5 for
engagement dtys through our valued partners.
In total during the year,
we benefitted from
31,830 hours of
volunteer time, which
is equivalent to
18 full-time staff.
Together. they contributed an incredible 31,830 hour5 of support -
23.C49 hOu￿froM cornmunity¥olunteer5 and 8.781 from corporate
volunteers- the equwalent of 18 full-time employees. Recruitment for a
Corporate Volunteerin8 Manager within o(Jr team will ensure that
nurnbers of corwrate volunteers will increase a5 our progr3mme 15
developed. With thi5 Increase in resources and dedicated support, our
volunreerinE programme will continue to go from strength to strength.
City Harvest Annual Report
13

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
. lariesr:
LONDON
TRUSTEES, ANNUAL REPORT
We celebrate the impact of our volunteers throughout the year, coming
together for Volunteer Week in June ènd our annual end-of-year
festivites. We host workshops with our community partners for our
volunteers to understand the impact of iheir contrit)ution to our cause.
Our biannual town halls and forums are key to facilitating two-way
communication with our volunteers and enable our volunteers to share
feedback, ensuring they are continually a part of our growth and
development. Volunteers continue to strive towards achievement of their
'Harvest Hurbdred. a milestone for those who contribute over IW hour5
and are honoured with our pink vest. We 3re proud to have 174
volunteers who have reached this milestone so far.
Thank You
For every hour
volunteered,
City Harvest is able to
deliver 460 meals to
those in need.
In recognition ol the strengih and Impact ol our programme, City Harvest
has now achieved the IrNesting in Volunteers accreditstion - Ihe UK'S
quality standard for volunteer management. This award reflects our
ongoin8 commitment to gooj practice and continuous improvement,
ensuring that our volunteers feel supported. valued. and part of
something meaningful.
Investing In
Volunteers
In recognition of the
strength and impact of
our programme, City
Harvest has now
achieved the Investing in
Volunteers
accreditation.
redited!
Other partners
We are a150 grateful to organi5ations that have contributed pro-bono
services.
City Harvest Annual Report
14

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
. lariesr:
LONDON
TRUSTEES, ANNUAL REPORT
Our workforce
Our workforce comprises a mix of full and part-rime ernployees,
contract staff and volunteers. Our paid workforce at year-end is made
of 68 full-time equivalent employees_
All efflployee5 are paid at least the London Living Wage, and almost all
are enrolled In the pension scheme.
FundralsSnB
In a year when e¢onofflic conditions and the effects of rising inflation
have continued to challenge all of us. we are ever 8rateful for the
generosity of ouf valued supporters- many of whom have been
dedicated donors for manv vears.
In 202415. City Harvest raised E4.3 million to support our mission of
rescuing food. people. and rhe planer.
We thank our donors, especially major donors, trusts & foundation5,
ancl corporate 511PPOrter5 listed below. for their significant financial
contributions.
£4.3M
City Harvest raised
£4.3m by rescuing food
and redistributing it to
people in need.
AKO Foundotion
The Findloy Cht7ritable Trust
The Gaudio Family Foundotion
The Jongen Choritoble Trust
The Julio Rousing Trust
The Livery Food Initiotive
The Peters Fomily FoundotlGn
The Vintners, Cornpany
Artemis Chorittible Foundotion
Cloyton Dubilier& Rice Foundofton
ICG
IGY Foundorion
Morguerite Foundution
Permiro
Posettes Foundotion
Uber Etsts
Robobctnk
Wimbledon Foundotion
The Coerlow Trust
Fundraising highllghts
In September, our 10th Anniversary Fundraising Dinner, Dining in the
Depot. was held with 120 special guests in attendance, raising
£ i(X).(￿.
The Livery Food Initiative remained a key strategic supporter of City
Harvest foi the third year. Over 51Xty London Livery cotnpanie5 raised
funds, promoted awareness. hosted events, and volunteered.
City Harvest Annual Report
15

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
. lariesr:
LONDON
TRUSTEES, ANNUAL REPORT
This year. the first Teèm City Harvest challenge event series launched.
Thank you to the Individuals who participated by walking, runnini
cyclin& and climbing to raise funds.
26%
A massive thank you to
every donor and
partner- your support
enabled us to provide
14.5 million meals to
vulnerable London
communities this year.
14X
Fundralslng Statement
At City Harvest we are committed to fundraising responsibly and
ethically. We believe in transparency and horiesty and have respect
for all donor5 and beneficiaries. We use Funds responsibly, with clear
practices and ensure the well-bein8 ol those impacted by our
fundrai5in8 efforts. We are a member of the Fundraising Regulator
and follow their code of practice.
City Harvest is an independent charity funded entirely by charitable
donations. Each £1 donated allows us to deliver 3 meals and each £1
donaied generaies a social return on investment of £11.90, as
calculated by Bain & Co.
City Harvest's fundraising team personally conducts all fundraising
activities, and we do not work with third-party fundraising suppliers.
We do not do door-to-door or telephone fundraising. This approach
ensures that all donations go directly to support OUT mi55ion and
protects supporters from potential scams.
City Hatvest complies Wlth data protection laws. ensures secure
handling of personal information, and safeeuards vulnerable
Individuals from donation requests as much as possible.
Our Head of Fundraising oversees our complaints procedure, and we
resolve issues efficiently. No fundraising complaints were received in
2024125.
City Harvest Annual Report
16

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
ariesr:
LONDON
TRUSTEES, ANNUAL REPORT
. pEo•¥
Financial review
The charity funds are controlled by the board of trustees, which acts to carefully and strategicallv
allocate resources to properly grow the organisation. The attached financial statements Show the
current State of finances, which the trustees consider to be sound. The financial statements conform
to statutory requirement5 and comply with the charity's governirh8 documents.
Ir*omÈ & ExpÈndlturÈ5 2019-1025
*14m
£2fy
El.5m
I￿&y￿
Our Income increased In the year by 3.8% to £4.3m12024 - £4. Im). as well as the tonnage of food
distributed which Increased by 17.3% 10 6.110 tonnes12024 - 5.211 ionnesl.
Restricted Income was £0.8m in ihe year12024 £0.9ml which represented 19.5% of our total
income12024 - 22.9%).
Our expenses increased by 30.0% to £5.2m12024 - £4.Oml reflectin8 the implementation of our
investment strategy in teams and depots to service the increased output and impact for the coming
year 2025-2028. We also made capital investments of £423k12024 £ 182kl reflecting investment in
our new 26t Truck, new CRM and improvement of the equipment in our three depots.
The expenditure on rè15in8 funds was £384k12024 £257kl which as a per¢enta8e of income
8mounted to 8.9%12024- 6.2%).
Overall. we experienced a planned deficit for the year of £933k12024- surplus of E116kl with net
assets decreasing to £3.9m at the end of the year12024 - £4.9ml. Restricted funds amounted to
£0.8m12024- £0.9ml representing 20.0% of total net assets12024 - 19.5%).
The trustees monitor the ratio of available funds to future expenditures and donation incorne, in
order to avoid over-cornmitting the charity's resources.
Cost per meal
City Harvest carefully monitors all expenditures. with a focus on the cost to redistribute one meal.
For the year ended 31 March 2025 our cosi to deliver one meal increased to EO.36p12024 £0.32pl
reflecting high inflationary pressures and our long term investment strategy.
City Harvest Annual Report
17

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
ariesr:
LONDON
TRUSTEES, ANNUAL REPORT
. pEo•¥
Reserves policy
In accordance with Charity Commission guidance. our Trustees have determined a policy for
reserves. City Harvest holds three types of fundslreserves..
l. Restritted Funds which rnust be used for the purpose for which they were intended under
the direction of the donor. At 31 March 2025, the value of Restricted Funds was £0.8m
12024.. £0.9ml.
2. Oesl8nated Funds which include..
The Capital Reserve. or funds represented by assets being the net book value of unrestricted
fixed assets owned by the charity, amounted to £0.5m12024'. £0.5ml.
An Impact and Investment Reserve of nil12024 £0.4ml being set aside to cover the planned
cost required in City Harvest's strategic plan over the corning years. Thi5 fund has been used
to invest in projects which will Strengthen Its operations and infr35tructure, expand food
5upplie5. volumes and beneficiaries. and in 8eneral invest in ways of increa5in8 the charity'5
overall impact.
A Liquidity Reserves in place io protect City Harvesi from fluctuarions in income and
expenditure. and ensure sufficient funds are available to deliver high quality services. Our
Trustees have reviewed the charity s requiremeni for coniingency reserves by considering
the potential financial impact of..
o Fluctuations in incorne 8eneration. By considering historic trends and projection5,
and looking at the risks associated with variations in different income streams,.
o Reviewing the operational requirement lor cash io meet expenditure obli8ations and
considerin8 the minimum level of cover required to ensure that operations are not
interrLJpied..
o Reviewing current risks,. and
o Considerin8 the impact of a sudden crisis which might require the charity to close.
As a result of this review and based on the above 4 areas. Trustees determined that for
ongoing operational security the charity should aim to set aside 6 months planned
expenditure for the forthcoming year. as a liquidity reserve. As a result, at 31 March 2025,
the liquidity reserve was set at £2.Sm12024.. £2.4ml.
3. General Funds comprising Free Reserves amounted to £O.Im12024.. £0.6ml. This is sufficient
to cover workin8 capital requirements.
Going concern
The trustees have prepared an income and expenditure budget and cash flow forecast and have
concluded that the charity continues to be a eoing concern for the foreseeable future. On that basis
they have continued to adopt the going cOn￿rn basis when preparing the financial statements.
City Harvest Annual Report
18

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
ariesr:
LONDON
TRUSTEES, ANNUAL REPORT
. pEo•¥
Reference and administrative detsils
Registered Charity Name
Charity Registration Number
Company Registration Number
Registered Office
City Harvest
1163055
08986929
Unit 8. Arton Park Estate
The Vale.
London W3 7QE
www.cii horvest.or
Website
.uk
Trustees
I lie trustees who served during the year and up to the date of the signature of the financial
statements were..
Frank Bandura Ire518ned Feb 20251
Todd Benjamiri
Shaun 8rowne
Michelle Butler
Duncan Everett
Paul Free5ton IChair- appointed Jun 20241
Emma Gerald
Bernadette Gilbert (appointed lul 20251
Victoria Heffer (resigned Apr 20251
David Hir5chmann
Rajesh Makwana (resigned Sep 20251
Chris Ralph (appointed Apr 20241
Grace Reid lappointed lun 20241
Kathy Street (resigned Apr 20241
Patrick Street
Stephen Winningham
Key management personnel
Sarah Calcutt
Romaric Cabot
Donna BÈÈtham
Mary Parsons
Fion3 Hollis
Marco Torquati
CEO (resigned Oct 20251
Head of Finance
Head of Fundraising
Head ol Food
Head of Communications
Head of Community Impact
Audltors
Bankers
CAF Bank Ltd
25 King5 Hill Avenue
West Malling
Kent ME19 4JQ
Sollcltors
Keystone Law Ltd
48 Chancery Lane
London WC2A LJF
24 Old Bond Street
London
WIS4AP
City Harvest Annual Report
19

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
ariesr:
LONDON
TRUSTEES, ANNUAL REPORT
. pEo•¥
Structureth governance and management
City Harvest is limited by guarantee and its governing document is its Memorandum and Articles of
Association dated 4th August 2015. The members of the trustee board hold no shares in the
charitable company. but each member is a guarantor to an amount not exceeding £1, in the event of
the winding up of the charitable company.
Trustee recrultment and appolntment
Under the Articles of Association of the company, all trusteesldirectors hold their appointment until
the third AnnLJal Retirement Meetin8 following the commencement of his or her term of office. The
Annual Retirement Meeting is the meelin8 of the Trustees at which the account5 of the Charity are
adopted. If the retirement of a trustee cavses the number of trustees to fall below 3, then the
retiring trustee shall remain in office until a new appointment Is made.
Recruitment of a new trLJsree/director can be made on ihe Instructions of current members of the
board, and trustees are elected by existin8 members of the board.
Trustee Inductlon and tralnln8
The trustees are familiar with the practical work and objectives ol the charitable company and bring
their own relevant and unique ski115. Trustees are actively encoura8ed to attend board meetings to
ensure that they are always up to date with the latest activities ol the charitable company.
Flnanclal governance
The Finance and Audit Committee supports the City H8rvest Trustee Board in discharging it5
responsibility lor the financial oversight of the Charity. It comprises five trustee5 who meet at least
quarterly with the CEO and Head of Finance.
Trustee overslght
Tlie board ol triistees administers the charity. and normally meet5 every 2 months. In addition,
steering groups and cornmittees comprisin8 selected trustees and members of the management
team meet to focus on the charity's operation. These steering groups translate agreed strategies
into actionable plans. oversee programme delivery and mentor executive team members.
Delegatlon of authorltv
A Chief Executive is appointed by the trustees to manage the day-to-day operations of the charitv
and ha5 delegated authority from the Board of Trustee5 for operational matter5 including finance,
employment, and operational activitv.
City Harvest Annual Report
20

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
ariesr:
LONDON
TRUSTEES, ANNUAL REPORT
. pEo•¥
Pay pollcy for senlor staff
The trustees review the pay of the senior management team on an annual basis. taking into account
earnings in comparable charities.
Rlsk revlew
The board of trustees has examined the major strategic. business. and operational risks which the
charitable company faces and confirms thai sysrems have been established to enable regular reports
to be produced so that rhe necessary steps can be taken to lessen these risks.
The key risks identified are as follows..
SustaSnablllty of Income generatlon: A significant reduction in income including a failure to
secure IonE-term partnerships Could reduce our ability to deliver our charitable objectives
and also mean the charity is unable to pay its liabilities and operational expenditure.
Redurtlon In food ¥olume5: Our model and the community partners we are servin8 are
dependent on the food we collect. A reduction in food volumes donated would impact
adversely our ability to fulfil our mission and meet the needs of community organisations,
Health and safety: Health and safety procedures are at the centre of our operations, as we
are dealing with food and people. 8reach ol our health and safety procedures could lead to
illness, loss of life, injury or criminal investigation.
8rand and reputatlon: Reputational damage and brand misv5e by internal or external
parties could result in a loss ol confidence and reduced Support from donors and other key
partner5.
Employees and volunteers: Human Resource issues could lead to organisational and cultural
issue5, hi8h employee turnover and even legal action by employees.
Investment powers and pollcy
5 he trusiees, havir)8 re8ariJ lor rhe present and fulure liquidity requirements of operating the
charity, have diversified a portion of available funds in a range of interest-bearing bank dep051t
accounts with a term typically of between l and 12 months, to generate a return on fLJnds while
benefitting from the FSCS deposit protection Scheme of £85.000 per bank. The selection of banks
and the man3gement of the deposits 15 overseen by the Finance and Audit Cotllrnittee.
City Harvest Annual Report
21

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
ariesr:
LONDON
TRUSTEES, ANNUAL REPORT
. pEo•¥
Trustees. responsibilities in relation to the financial statements
The charity's trustees (who are also the directors for the purposes of company lawl are responsible
for preparing a trustees, annual report and the financial statements in accordance with applicable
law and United Kingdom Accounting Standards (united Kingdom Generally Accepted Accounting
Practice).
Company law requires the tru5tee5 to prepare financial statements for each financial year which give
z true and fair view of the situation of the charitable company and incoming resources and
application of those resources. Including the income and expenditure of the charitable company for
that period. In preparing the financial statements. the trustees are required to=
select suitable accounting policies and then apply them consistentlv,.
observe the method5 and principle5 in the Charitie5 Statement of Recommended Practice
ISORP 20191.,
make jLJdgements and estimates that are reasonable and prudent.
state whether applicable UK accounting siandards have been followed, subject to any
mater131 departures (Jisclosed and explained in the financial statements,. and
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in operation.
The trustees are re5pon5ible for keepin8 adeouate accounting records that are suff icient to Show
and explain the charitable company's transactions and disclose with reasonable accuracy at any time
the financial position of the charitable company and enable thern to ensure that the financial
statements comply with the Companies Aet 2(K)6. They are also responsible lor safeguardirig the
355ets of the charitable company and hente for takin8 reasonable steps for the preveritiori and
detection of frau(J and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial
information inclLJded on the charily's websiie. Legislation in the United Kingdom governing the
preparation and dissemination of financial siatements may differ from legislation in other
jurisdictions.
Statement as to dlsclosure to our auditor
In so far as the trustees are aware at ihe time of approving our trustees, annual report..
there Is no relevant information. being information needed by the auditor in connection with
preparing their Teport, of which the auditor is unaware." and
the trustees having made enquiries of fellow directors and the charity's auditor that they
Ought to have Individually made, have each taken all steps that he/she is obliged to take as a
director to make themselves aware of any relevant information and to establish that the
auditor is aware of that Information.
City Harvest Annual Report
22

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
ariesr:
LONDON
TRUSTEES, ANNUAL REPORT
. pEo•¥
Auditors
Price Bailey were appointed as our auditors during the year.
Small Company Exemptions
This report has been prepared takin8 advantage of the small companies. exemption of section 41SA
of the Companies Act 2006.
By order of the board of iru51ee5
Paul Freeston
Chair of Trustees
171h November 2025
City Harvest Annual Report
23

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
, lariesr,
LONDON
INDEPENDENT AUDITOR'S REPORT
Ots. pro*
Independent Auditor's Report to the Members of City Harvest
Opinion
We have audited the financial statements of City Harvest Ithe'charitable companVI for the year ended
31 March 2025 which comprise the Slatement of Financial Activities, the Balance Sheet, the Statement of
Cash Flows and notes to the financial staternents. including significant accounting policies. The financial
reporting framework that ha5 been applied in iheir preparation 15 applicable law and United Kingdom
Accounting Standards, including Financial Reporting Standard 102 The Financi(31 Reptsrting Standord
oppli¢(Jble in the UKond Republi¢ of Ireltsrjd Iunited Kingdom Generalty Accepted A¢¢ounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitable companws affairs as at 31 March 2025. and
of the charity's incoming resources and application of resources. includin8 Its income and
expenditure, for the year then ended..
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice.. and
have been prepared in accordance with the requirement5 of the Companies Act 2006
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISA5 IUKII and
applicable law. Our responsibililies undef those siandards are further described in the Auditor's
responsibilities for ihe audit ol the financial staiements section ol our report. We are independent of the
charitable company in accordance with the ethical requirements that afe relevant to our audit of the
financial statements in the UK. ineluding the FRC'S Ethical Standard. and we have fulfilled our other
ethical responsibilities in accordance with these requirements. We believe that the audit evidence we
have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatln8 to 8oln8 concem
In auditing the financial statements, we have conduded that the trustees, use of the 80in8 concern basis
of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to
events or conditions that, indiwdvally or collectively, may cast Sl8nificant doubt on the charitable
company'5 ability to continue as a going concern for J period of at least twelve months frorn when the
financial statements are authorised foi issue.
Our responsibilities and the re5pon5ibilities of the trustees with respert to goin8 concern are described in
the relevant se¢tions of this report.
Other information
The other information comprises the informatron included in the trustees. annual rewrt other than the
financial statements and our auditorfs report thereon. The trustees are responsible for the other
information. Our opinion on the financial statements does not cover the other information and we do not
express any form of assurance conclusion thereon.
City Harvest Annual Report
24

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
, lariesr,
LONDON
INDEPENDENT AUDITOR'S REPORT
Ots. pro*
Our responsibility is to read the other information and. in doing so. consider whether the other
information is materially inconsistent with the financial statements or our knowledee obtained in the
course of the audit or otherwise appears to be malerially misstated. If we identify such material
inconsistencies or apparent material misstatements. we are required to determine whether this 8ives rise
to a material mi55tatement in the financial statements themselves. If, based on the work we have
performed, we conclude that there is a material misstatement of this other information, we are required
to report that fact.
We have ngthing to report in this regard.
Opinions on other matters prexribed by the Companies Art 2(M)6
In our opinlon, based on the work undertaken in the Course of the audlt:
the information given in the trustees, report (which includes the directors. report for the purpose
of company lawl for the financial year for which the financial statements are prepared is
consistent with the financial statements.. and
the directors. report has been prepared in accordance with applicable legal requirements.
Matters on whlch we are required to report by exception
In the light of the knowled8e and understandin8 of the charitable company and its environment obtained
n the course of the audit, we have not identified material misstatements in the directors, report.
We have nothin8 to report in respect of the followin8 matters in ielation to which the Compènies Act
2006 require us to report to you if, in our opinion:
adequate and proper ac¢ountin8 records have noi been kepi by the ¢haritable company, or
returns adequate for our audit have not been received from branthes not visited by us.. or
the charitable company's financial statements are not in agreement with the accounting records
or returns.. or
certain disclosures of trustees, remuneration specified bylaw are not made; or
we have not received all the information and explanations we require for our audit., or
the Trustees were not entitled to prepare the financial statements in accordance with the small
companies, regime and take advantage ol the small companies. exemptions in preparing the
directors. report and from the requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statemenl. the trustees (who are also the
directors of the charitable company for the purpose5 of company lawl are responsible for the preparation
of the financial staternents and for being satisfied that they give a true and fair view, and for Such internal
control a5 the trustees determine 15 necessary to enable the preparation of financial statements that are
free from material mi55tatement. whethei due to fiaud 01 error.
In preparing the financial statements, the trustees are iesponsible for assessing the charitable company's
bility to continue as a going contern, di5t105in& 35 applieable. matter5 related tts going concern and
using the Eoing concern basis of accounting unless the trustees either intend to liquidate the charitable
company or to cease operations. or have no realistic alternative but to do so.
City Harvest Annual Report
25

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
, lariesr,
LONDON
INDEPENDENT AUDITOR'S REPORT
Ots. pro*
Audltor responslbillties for the audlt of the flnancial statements
We have been appointed as auditor under the Companies Act 2006 and report in accordance with
regulations made under those Acts.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to 155ue an auditorfs report that
includes our opinion. Reasonable assurance 15 a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAS IVKI will always detect a material misstatement when it eKlSt5.
Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decision5 of users taken on the
basis of these financial statements.
Irregularltles, Including fraud. are Instances of non-compliance with13WS and regulations. We design
procedures in line with our responsibilities. outlined above. to detect material misst3tements in respect
of irregularities. including fraud. The extent to which our procedures are capable of detecting
irregularities, including fraud is detailed below..
We gained an understanding ol the legal and regulatory Iramework applicable to the Charitable companv
and how it operates and considered the risk of the Charitable company not complyin8 Wlth the applicable
laws and regulations including fraud in particular those that could have a material impact on the financial
staternents, This included those re8ulations directly related to the financial slaternents, including
financial reporting and tax legislation. In relation to the operations of the Charrtable cornpany thi5
ncluded compliance with the Componies Acl 2CI)6, Charities Acl 2011, and SORP 2019.
The risks were discussed with the audit ieam and we remainder alert to any indications of non-
compliance throu8houl the audil. We carried out specific piocedures to address the risks identified.
These in¢luded ihe followin8=
Reviewing minutes of Board meetin8s. reviewing any correspondence with the Charitv
Commission, agreeing the financial siatement disclosures to underlying supporting
documentation. and enquiries of management and officers of the Charitable company. We have
also reviewed the procedures in place for the reporting of any incidents to the Trustee Board
including serious incident reporting of these matters as necessary with the Charity Commission.
Management override.. To address the risk of management override of controls, we carried out
testing of journal entries and other adjustments for appropriateness. We reviewed systems and
procedures to identify potential areas of management override risk.
We also assessed mana8emeni bias in relation to the accountin8 policies adopted and in determining
significant accounting estimates.
Because of the inherent limitations of an audit, there 15 a risk that we will not detect all irregularities,
including those leadingto a material mi55tatement in the financial statements or ngn-cornpliance with
regulètion. This risk intreases the more that compliance with a law or regulation is removed from the
èvents and transactions reflectèd in thè finantial statements, as we will bè less likely to become aware of
instances of non-compliance. The risk is also 8reater reB3rding irre@ularities occurring due to fraud rather
than error. as fraud involves intentional concealment. foiÈery. collusion. omission or misrepresentation.
City Harvest Annual Report
26

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
, lariesr,
LONDON
INDEPENDENT AUDITOR'S REPORT
Ots. pro*
A further description of our responsibilities is available on the FRC'S webslte at..
htt
www.lrc.or
auditors
audil-assurance
auditor-s-res
onsibili(ies-for-the-audit-of-the-
descri
tion-of-the-auditor%E2y￿%995-res
onsibilities-for. This description forms part of our auditorfs
report.
Use of our report
This report is made solely to the charitable comparfs member5, as a body, in accordance with Chapter 3
of Part 16 of the Companies Act 2006, and to the charitable companW5 trustees, as a body. Our audit
work has been undertaken 50 that we might slate to the charitable companV5 members and trustees
those matters we are required to State to them in an auditorfs report and for no other purpose. To the
fullest exient permitted by law. we do not accept or assume responsibility to anyone other than the
charitable company, the chari13ble companws members a$ 3 body and the charitable company's trustees
as a body, for our audit work. for this report. or for the opinions we have formed.
Mlchael Cooper-Da¥ls FCCA ACA (Senlor Statutory Audltorl
For and on behalf of..
Prlce Balley LLP
Chartered Accountanis
Statuiory Audiiors
24 Old 8ond sireel
London
W154AP
17th November 2025
City Harvest Annual Report
27

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
arie%r:
LONDON
STATEMENT OF FINANCIAL ACTIVITIES
Notes
Unrestrlcted
funds
Restrlrted Total funds
funds
2025
Total funds
2024
Income:
Donations and legacies
1,983,921
1,987,921
1,975,798
Charitable a￿1vitieS
1,321,613
830,253
2,151,866
2,orx),596
Investment Income
132.940
132.940
153,422
Other troding OrtIVAties
Food waste disposal service
income
15.930
15,930
1,249
4.131.065
Total Income
3A54.404
834.253
4.288.657
Expendlture:
Roi5ingfunds.'
Fees and other fundraisin8
expenses
1383,5261
1383,5261
1256,9181
Choritoble Jctivilies
Food rescue delivery
Total expendSture
13,845.5791
14.229.105)
1992,3281 14,837,907) 13,758,443)
1992.3281 15,221A331 14,015,3611
Net Income and movement
Sn fund5 for the year
1774.7011
1158.0751 1932.7761
115,704
Reconclllatlon of funds:
Total fund5 brought forward
3,907,204
944,399
4,851,603
4,735,899
Total funds carrled forward
3.132.503
786.324
3.918.827
4.851,603
The Statement of Financial Activities includes all Bains and losses in the year. All income and
expenditures derive from continuing activities.
The notes on pages 31 to 43 form part of these financial statements.
City Harvest Annual Report
28

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
ariesr:
LONDON
BALANCE SHEET
tr. pco•¥
Notes
2025
2024
Fixed assets..
Tangible assets
Total fixed assets
io
839.811
703.733
839.811
703,733
Current assets
Debtors
li
160,477
2,448,176
758,739
261,635
3,422,371
670.470
Investment in short term deposits
Cash at bank and in harhd
12
Total currènt assets
3,367,392
4,354,476
Llabllltles:
Creditors falling due within one year
Provislons for Ilabllities
13
1252.8041
135.5721
3.079.016
1206,6061
Net current a55ets
4.147,870
Total assets les5 currer)t IlabllStles
3,918,827
4,851,603
Net a55ets
3.918.827
4ASI,603
The funds of the charfty
Unrestricted income funds
General funds
14
114,081
3,018,422
786,324
3,918,827
607,204
3,3CKJ,000
944,399
4￿51,603
Oesi8nated fund
Restricted income funds
14
15
Total Charity funds
The trustees acknowled8e their responsibililies for complying with the requirements of the
Companies Act 2006 with respect to accounling records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provision5 relating to
cornpanies subject to the small companies, re8irne within Part 15 of the Companies Aci 2006.
The notes on pages 31 to 43 form part of these financial statements.
These financial statements were approved by the trustees on 17 November 2025 and are signed
on their behalf bv:
Paul Freeston
Chair of Trustees
Ifh November 2025
City Harvest Annual Report
29

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
ariesr:
LONDON
STATEMENT OF CASH FLOWS
tr. pco•¥
2025
2024
Cash provided by operating activities
Cash flows Irom investing activities
IAdditionsl/withdrawals to/from short term
deposits
Purchase of tangible fixed assets
Proceed5 from disposal of fixed assets
Cash used in Imie5tin8 artlvltles
19
{462.6081
384,811
974.191
1616.2841
io
1423.3141
1181,7321
11,306
1786,7101
{550,8771
IDecreasel/increase In cash and cash
èqulvalénts In thè year
Cash and cash equivalents at the beginning of
the year
Total cash and cash equlvalents at the end of
the year
88,269
1401A991
670.470
1.072,369
758.739
670A70
Analy515 of cash and cash equlvalents
2025
2024
Cash and cash equivalents at start of year
Chan8e in cash and cash eouivalenis
Cash and cash equivalents ai end of year
670,470
88,269
758,739
1,072,369
1401,8991
670,470
Analysls of changes In net debt
2025
2024
Cash and cash equivalents at start of year
Change in cash and cash equivalents
Cash and cash equivalents ai end of year
670,470
88,269
758,739
1,072,369
1401,8991
670,470
The notes on pages 32 to 44 form part of these financial statements.
City Harvest Annual Report
30

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
,larieSr:
LONDON
NOTES TO THE FINANCIAL STATEMENTS
l. Accountlng pollcles
al Basis of preparation
The financial statemÈnts have been prepared in accordance with A¢¢ountinB and Reporting by
Charities.. Statement of Recommended Practice applicable to charilies preparing their accounts in
accordance with Financial Reporting Standard applicable in the UK and the Republit of Ireland
IFRS102 - effective October 20191- Icharities SORP FRS 1021 and the Companies Act 2006.
City Harvest meets the definition of a public benefit entity under FRS 102.
Assets and liabililies are initially recoBnised at historical cost or transaction value unless otherwise
stated in the relevant accounting policy or note. All amounts are shown in pound5 Sterling.
bl Preparatlon of the accounts on a golng tontern basls
The trustees have prepared budgets and a forecast which gives them adequate comfort that the
charitable company is a going concern. Therefore, the trustees are of the view that the charitable
cornpany has sufficient resources for at least the next 12 months (from the date of approvin8 the
financial statements) and that there are no material uncertainties re8arding going concern, As a
result, the charitable company's financial statements have been prepared on a going concern basis.
¢1 Income
Income is reco8nised where there is entitlement, sufficient probability of receipt and the amount
can be measured with sufficient reliabilitv.
If a donation is subject to conditions that require a level of perforrnance before the charity is
entitled to the funds, the income is deferred and not reco8nised until either those Conditions are
fully met, or ihe fulfilmeni of those conditions is wholly within the control of the Charity and it Is
probable that those conditions wlll be fulfilled in the reporting perlod.
dl Investment Income
Interest on fund5 held on deposlt is included when receivable and the amount can be measured
reliably by the charity. This is normally upon notification of the interest paid and payable by the
bank.
el Donated goods and ser¥lces
Donated goods and services, including vehicles, are recognised as income when the charity has
control over the item, any conditions associated with the donated item have been met, the receipt
of Èconomic benefit from the use by thè charity is probablè and the economic benefit of tan be
measured reliably.
The value of donaied food and surplus food is excluded from the statement of financial activities,
when the costs of establishing the fair value would be excessive in comparison to the benefit to the
users of the accounts. This is since most of the food would otherwise @o to waste which means
City Harvest Annual Report
31

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
,larieSr:
LONDON
NOTES TO THE FINANCIAL STATEMENTS
there is no active market for this food. However. where donated new food does have a clear value,
this is included at cost.
In accordance with the Charities SORP IFRS 1021. the time of volunteers is noi recognised in the
accounts, but the trustees. annual feport provides information about their contribution.
On receipt, donated professional services and donated assets are recognised on the basis of the
value of the gift to the charity which is the amount the charity would have been willing to pay to
obtain services or assets of equivalent economic benefit in the open market., a corresponding
amount is then Tecognised in expenditure in the period of receipt.
fl Fund accountlnl
Restricted funds are maintained in accordance with the restfi¢tions placed by the donor upon funds
donated.
Unrestricted funds are the free funds of the charity to use at the discretion of the trustee5 in the
furtherance of the charity'5 objectives. Unrestricted funds may include designated funds where the
tru5tee5, at their discretion, have created a fund for a specific purpose.
gl Expendlture and Irrecoverable VAT
Liabilities are recognised as expenditure as soon as there is a legal or constructive obli8ation
committin8 the charity to that expenditure, it is probable that settlement will be required, and the
amount of the obligation can be measured reliably.
All expenditure 15 accounted for on an accruals basis. All expenses, including support cost5 and
governance costs, are allocated or apportioned to the appli¢8ble expenditure headings in the
statement of financial activities.
h) Allocatlon of support and 8overnance costs
Support costs are incurred by fvnctions that a5S1St the work of the charity but do not directly
undertake charitable activilies. General Support cost5 include office administration, finance, IT ènd
payroll activities. Governance costs comprise expenses involving ihe public accountability of the
charity and its compliance with regulation and Bood piactice and comprise the cost of the
independent audit. The basis on which support costs have been allo¢aied are set out in Note 7
Analysis of Support Costs.
11 Operatln8 Leases
The charity classifies its warehouse rÈnt31 agrèèmènt as an operating lèase, and rent is accruèd on
a straight line over the term of the lease. With regard to the delivery vans made available to the
charity free of charge, the cost of rentin8 equivalent vehicle5 is used a5 the basis for assignin8 the
donation intome and rental expense.
City Harvest Annual Report
32

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
,larieSr:
LONDON
NOTES TO THE FINANCIAL STATEMENTS
11 Taxatlon
The tharity is exempt from tax on income and gains falling within section 505 of the Taxes Aci 1988
or section 252 of the Taxation of Chargeable Gains Act 1992 to the ÈxtÈnt that the5È are applied to
its charitable objects.
The charity is registered for VAT on its trading aciivities. which consist of fees charged to certain
donors for sorting and disposing of out-of-date food on their behalf.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
kl Flxed assets
The threshold for capitalisation ol fixed assets is £5￿. Purchased fixed assets are capitalised at
cost. Donated fixed assets are capitalised on the basis of the value of the Eift to the charity. which
is the amount the charity would have been willing to pay to obtain services of assets of equivalent
economic benefit in the open market.
The carryin8 values of tangible fixed assets are reviewed for impairmeni in periods if events or
changes in circumstances indicate the Carrying value may noi be recoverable.
Depreciation is calculated to write off the cost of an asset over the useful economic life of that
asset as follows:
Plant, machinery & vehicles
Office furniture & IT equipment
20% strai8hi line
20% straight line
11 Oebtors
Trade and other debtors are recognised at the settlement amount due after any trade discount
offered. Prepayments are valued at the amount prepaid net of any trade or charity discounts due.
ml Cash at bank and In hand
Cash at bank and in hand represents funds which are readily available on demand at less than 24
hours, notice.
n) Investments In short term deposits
Investments in short term deposits are interest-bearing bank deposits with notice lerms of between
l and 12 months.
ol Credltor5 and provlslons
Creditors and provisions are recognised where the charity has a present obligation resulting from a
past event that will probably result in the transfer of funds to a third party and the amount due to
settle the obligation can be measured or estimated reliably. Creditors and provisions are normallv
recognised at their settlement amount after allowing for any discounts allowed.
City Harvest Annual Report
33

City Harvest
Company Limited by Guarantee
Year ended 31 March 2025
,larieSr:
LONDON
NOTES TO THE FINANCIAL STATEMENTS
pl Flnanclal Instruments
The tharity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instrufflents are initially recogni5ed at transaction value and
subsequently measured at their settlement value.
ql Penslons
All employees of the Charity are automatically enrolled into a defined contribution pension scheme
unle55 they exercise their right to opt out of scheme membership.
rl Key ludgements and estlmates po15£v
No significant judgments lapart from those involving estimatesl have been made in the process of
applying the above accounting policie5.
The Trustees make estimates and assumptions ¢onceinin8 the fuluie based on iheir knowledge of
the company and the environment in which it operates. The resulting accounting estimates and
assumptions will. by definition. seldom equal ihe relaied a¢iual results.
2. Le8al status ol company
The company is limiied by guarantee and it$ 8overning document is its Memoiandum ènd Articles
of Assoclation.
Each member is a guarantor of the company. to an amount not exceedlng £1. in the event of the
windlng up of the company.
City Harvest Annual Report
34

City Harvest
Cornp3ny Limited by Guarantee
Year ended 31 March 2025
,larieSr:
LONI>ON
3. Donatlons and grants
Unre5trirted
funds
Restrirted
funds
Total funds
2025
Total funds
2024
Donations and gifts
Donation5 of 8ood5 & Services
1,723,783
260.138
1,727,783
260,138
1,975,798
1,983,921
1,987,921
1,975,798
In the year ended 31 March 2024. restricted income funds from donations and grants amounted to
£49,317.
In the year, City Harvest distributed 6,110 tonnes of food12024- 5.211 tonnesl to its communitv
partners which equates to 14.Sm meals12024- 12.4m meals). In line with the accountin8 policy, it
15 not possible to obtain a fair value of the food received and thus have not been included in the
Statement of Financial Activities. If we were to use an estimation for ihe value ol the food, it would
be estimated at £21.8m12024- £18.6ml based on an average value of £1.50 per meal. However, as
noted previously there 15 no consi5teni basis for meal valuation or portion sizes across family
8roups and therefore this number would not constilute an accurate fair value. In the year ended 31
March 2025, income from donated gifis and services was reco8nised to the value of £260.138.
4. Income from ¢harltable artlvliles
Unrestrlrted
funds
1,321,613
Reslrlrted
funds
830,253
Total funds
2025
2,151,866
Total funds
2024
2,000,596
Grants
1.321,613
830,253
2.151,866
2.000,596
In the year ended 31 March 2024, restricled income funds from charitable activities amounted to
£896,087.
5. In¥estment income
2025
2024
Interest received from bank accounts
InterÈ5t received on investment income
Other interest received
12.280
120,081
579
13,504
139,434
132,940
153,422
Most of the charity's investment income arises from deposits held on an investment platform
managed by Flagstone Investments Ltd, which provide5 online access to fixed term deposits offered
by a wide range of banks.
City Harvest Annual Report
35

City Harvest
Cornp3ny Limited by Guarantee
Year ended 31 March 2025
,larieSr:
LONI>ON
6. Analysls of expendlture on charltable actlvltles
Current
UnrÈ5trictèd
funds
RÈ5tricted Total funds
funds
2025
Charitable artivities
Drivers and logistics personnel
Operational expenditures
Total charitable activities
1.597.212
1.322,298
2.919,510
926,069
3.845.579
541.183
442.031
983,214
9,114
992.328
2,138.395
1,764,329
3.902.724
935,183
4,837,907
Support costs (Note 71
Prlor year
IlnrestrScted
funds
Restrlcted Total funds
funds
2024
CharStable actlvltles
Drivers and logistics personnel
Operational expenditures
Total charitable activlties
Support costs (Note 71
1.151,733
773,472
1.925.205
791,409
2,716,614
672,168
341,941
1.014.109
27.720
1.041.829
1.823.901
1,115,413
2.939,314
819,129
3,758,443
7. Analysls of support costs
Current year
Support costs
Go¥emance
Total
2025
Support staff costs
Legal and other professional fees
Administrative overheads
256.302
84,484
565.540
256,302
84,484
565.540
8,457
20,400
935,183
Accountancy services
Audit fee
8,457
20,400
28.857
906.326
The charity allocatÈ5 Costs directly to charitable activities 35 far a5 PO5siblÈ. and then apportions the
remaining costs between general support and the governance function based on the nature of the
expense.
City Harvest Annual Report
36

City Harvest
Cornp3ny Limited by Guarantee
Year ended 31 March 2025
,larieSr:
LONI>ON
Prfor yèar
Support tosts
G<)vèrnantè
Total
2024
Support staff costs
Legal and other professional fees
Administrative overheads
218,032
71.531
501.808
218,032
71.531
501,808
8,648
19,110
819,129
Accountancy services
Audit fee
19.110
27,758
791,371
8, Net Income and expendlture for the year
2025
2024
This is Stated after chargin8:
Operating leases
Depreciation
Audit lee
168.133
279,605
143.881
254,205
20,400
8.457
19,110
8,648
Accountancv
476,595
425,844
City Harvest Annual Report
37

City Harvest
Cornp3ny Limited by Guarantee
Year ended 31 March 2025
,larieSr:
LONI>ON
9. Staff costs and emoluments
2025
2024
Wages
Social security costs
Contractors
2,476,266
244,521
192,113
82,816
2,128,367
208,584
94,209
56,825
Pension costs
2.995.716
2,487,985
The average number of employees during the year was 6912024.. 651.
None of the employees or contractors is a trustee. No trustee expenses were incurfed during the year
12024.. £Nill. All employees are paid at least the London Living Wage, and the majority are enrolled in the
Government-backed auto-enrolment pension scheme.
Redundancy and termination costs during the year totaled £O12024- £01.
The number of employees who received total emoluments of more than £60.oc￿ lexcluding pension
contributions) during the year was as follows..
Salary band
£IIO,001-E120,000
£IOO,001-EllO,OC(I
£90,001-£100,000
£80,001-£90,OCKI
£70,001-£80,000
£60,001-£70,orKI
2025
2024
Penslon contributions of £2.20112024: £1.8351 were paid to a defined contribution scheme In
respect of the highest paid employee.
The total emoluments of the Key Management Personnel were £654.25012024.' £595,642).
There have been 757 regular volunteers during the year12024= 6731 helping to sort food in the
warehouse and assisting our drivers. In addition. 1,24512024 1.4501 ynique corporaie volunteers
were released to Spend a day volunteering at City Harvest.
City Harvest Annual Report
38

City Harvest
Cornp3ny Limited by Guarantee
Year ended 31 March 2025
,larieSr:
LONI>ON
10. Flxed assets
Plan( mathinèry Officè furnlturè &
& vèhldés
èquipmènt
Total
COST
At l April 2024
Additions
1.308.46S
284.152
135.1561
1.557.461
73.870
139.162
13,8641
209,168
1.382,335
423,314
139.0201
1.766,629
Disposals
At 31 March 2025
DEPRECIATION
At l April 2024
Charge for the year
Disposals
At 31 March 2025
646,570
263,322
127.5251
882,367
32,032
16,283
13.8641
44,451
678,602
279,605
131,3891
926,818
NET800KVALUE
At 31 March 202S
675,094
661895
164.717
41.838
839,811
703,733
At 31 March 2024
11. Debtors
2025
2024
Trade debtors
Payroll funding
Other debtors
4,613
12.474
9.701
111.455
9,257
19,277
12.492
154.863
4,640
61,106
261,635
Prepayments
Accrued income
Interest receivable
22,234
160,477
Prepayments are principally in respect of rent and insurance.
Payroll funding represents cash held by the outsourced payroll Service provider in respect of
employee wages.
City Harvest Annual Report
39

City Harvest
Cornp3ny Limited by Guarantee
Year ended 31 March 2025
,larieSr:
LONI>ON
12. Investments in short term deposits
Investments in short term deposits totaling £2.448.17612024= £3.422.3711 are interest-bearing
bank deposits with notice terms of between one and twelve months.
13. Crèdltors- Amounts fallln8 due wlthSn one year
2025
2024
Trade creditors
123.172
75,013
114.019
65.159
Taxation, social security and pensions
Accruals
54.619
27,428
252,804
206,606
Analysls of Pro¥lslons for Ilab115tles
2025
2024
Provision at l April
Total Provision utilised in year
Provision for contract in dlspule
Provision for legal claim
30,572
Provislon at 31 March
3S,572
The provlsions comprlses the remalnlng amount due In respect of a two years contract In dispute
with one supplier for £30.57212024: nil) and an estimate of the probable future cost of a legal
claim for £5,00012024'. nill.
The provision is expected to be utilised in the year ending 31st March 2026.
14. Analysis of unrestri¢ted charitable funds
The general funds are the'freÈ reserves. after allowingfor all designated funds.
Current year
l April
2024
Incomi1¥
Transfers
re50urces between funds
OutBoin8
resources
31 March
2025
General funds
Design3ted
reserve fund
607.204
3.454.404
281.578
14.229.105)
114,081
3.3LK).O
3.￿7.204
1281.5781
3.018.422
3,132,503
3.454.404
14,229,105)
City Harvest Annual Report
40

City Harvest
Cornp3ny Limited by Guarantee
Year ended 31 March 2025
,larieSr:
LONI>ON
Prior year
l April
2023
Incoming
rèsources
Transfers
bÈtweèn funds
Outgoing
rèsourtès
31 March
2024
General funds
Designated
rèserve fund
445.075
3.185.661
150.LKhJl
12.973.532)
607,204
3.250.000
3.695.07S
50.rm
3.300,0(X)
3,907,204
3.18S.661
12.973,5321
Analysls of deslgnated funds
The trustees have designaled the following reserye fund5 to ensure the charitvs continued expansion:
2025
2024
Liquidity reserve
Fixed assets Isee note 161
Impa¢¢ & Investment Reserve
2,SCQ,IX(J
518,422
2,4CM),000
465,281
434.719
3,3CX),000
3.018,422
To ensure sufflclenl funds are available. the trustees have determined thal 6 months of budgeted
expenditure should be held at any given time.
A fund is maintained that represents the net book value of unrestricted fixed assets.
The charity also desi8nates funds for inve5trnent in key elements of its work under an Impact and
Investment Reserve. This fund has been used in the year ended 31 March 2025 to support the
investment and 8rowth in the charity.
15. Analy515 of restrlcted charltable funds
Purposes of re5tri¢ted funds..
Current year
l April 2024
Incoming
resources
Outgoing 31 M3rth 2025
resources
Operations fund
Depot capital fund
Vehicle purthase fund
717.352
119.282
107.765
944,399
721.460
112.793
1858.2981
177,7301
156,3fM)I
1992,3281
580,514
154.345
51,465
786,324
834,253
City Harvest Annual Report
41

City Harvest
Cornp3ny Limited by Guarantee
Year ended 31 March 2025
,larieSr:
LONI>ON
Operations fund.. fundin8 provided lo support the operating costs of deliverin8 food, including
costs incurred in relation to warehouse. vehicles. food sourcing and community impact.
Depot capital fund.. funding provided to support the capital investment cost5 at the depot5. In
the prior year, thi5 Was shown Separately between two depot5.
Vehicle purchase funds-. funding provided to purchase vehicles thai deliver food.
Prior year
l Apr11 2023
Incoming
resour￿$
Out80in8
resources
31 March 2024
Operations fund
Depot capital fund
Vehicle purchase fund
776.544
74,382
189.898
1,040,824
872.046
73.358
1931,2381
128,4581
182,1331
11.041,8291
717,352
119,282
107,765
944,399
945.404
16. Analysls of net assets between funds
Current year
rjeneral fvnds
OeslBnated funds Restrlcted fuThls
Total
Tangible fixed assets
Net current assets
At 31 March 2025
518,422
2,SCQ,O
3.018.422
321,389
464,935
786,324
839,811
3,079,016
3,918,827
114,081
114.081
Prlor year
General funds
De518nated fvnds Re5trlrted funds
Total
Tangible fixed assets
Net current a55ets
At 31 March 2024
465,281
2,834,719
3.3￿.0[￿)
238,452
705,947
944.399
703,733
4,147,870
4.851,603
607.204
607.204
17. Commitments
Total future minimum lease payments under non-cancellable operating leases are as follow5:
2025
2024
Within l year
Between l and 5 years
At 31 March
87.860
9,272
97,132
107.953
76,307
184,260
City Harvest Annual Report
42

City Harvest
Cornp3ny Limited by Guarantee
Year ended 31 March 2025
,larieSr:
LONI>ON
The charity has a five-year lease agreement for its distribution ￿nter in Acton which expires in
December 2025.
The charity has two other commitments for material handling equipment of two year5 and three
vear5 respectivelv.
The trustees have confirmed that there were no capital commiiments at 31 March 2025.
18. Related party transactlons
There were transactions with a Close connection of key management amounting to £3,64312024-
£4,267). No amounts were outstanding at thè yeai end.
There were no other related party transactions.
19. Reconclllatlon of net movement In funds to net cash flow from operatlng actlvltle5
Notes
2025
2024
Net movement in funds
Add back depreclatlon charge
Subtract profit on disposal of fixed assets
Increase in debiors
1932,7761
279.605
7.631
101,158
81.774
1462,6081
115,704
254,204
17,9051
146,6851
69,493
384,811
io
li
Increase in creditors
Cash provided by operatin8 activities
13
City Harvest Annual Report
43