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EU? ,￿waI￿S 6a) uoii!SOd sewna Japd (s)￿Pu lin4 {s)aJnwu61s $Jweug UE4aq uo pauBIs 'aAOqP yod•J PaAoJddE ?AE4 Aaw le￿ $0OJWW O SUO!1PJEi￿Q Company registration number: CE006954 Charity registration number: 1166104 ## Leicester South Foodbank Annual Report and Financial Statements for the Year Ended 30 September 2023 Aims Accountants Chartered Certified Accountants ## **Leicester South Foodbank** ## **Contents** |**Contents**|| |---|---| |Reference and Administrative Details|1| |Independent Examiner's Report|2| |Statement of Financial Activities|3| |Balance Sheet|4| |Notes to the Financial Statements|5 to 10| ## **Leicester South Foodbank** ## **Reference and Administrative Details** **Trustees** Peter Dundas John Nicholas Simon Christopher Batty Geoff Adams Patricia Kendall Rakesh Veja **Principal Office** The Kings Centre 56 Bull Head Street Leicester LE18 1PA **Company Registration Number** CE006954 **Charity Registration Number** 1166104 Page 1 ## **Leicester South Foodbank** ## **Independent Examiner's Report to the trustees of Leicester South Foodbank** I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 September 2023 which are set out on pages 3 to 10. ## **Respective responsibilities of trustees and examiner** Having satisfied myself that the accounts of Leicester South Foodbank are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner’s statement** Since Leicester South Foodbank's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of Leicester South Foodbank as required by the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of the 2011 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ...................................... Aims Accountants Aims Accountants - 06 June 2024 Page 2 ## **Leicester South Foodbank** ## **Statement of Financial Activities for the Year Ended 30 September 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)** |**Unrestricted**
**funds**
**Restricted funds**
**Total**
**2023**|**Unrestricted**
**funds**
**Restricted funds**
**Total**
**2023**| |---|---| |**Note**
**£**
**£**
**£**|| |**Income and Endowments from:**|| |Donations and legacies
3|594,796
200,534
795,330| |Investment income
4|1,610
-
1,610| |Total income|| ||596,406
200,534
796,940| |**Expenditure on:**|| |Charitable activities
5|(309,224)
(118,580)
(427,804)| |Governance & support costs
6|(121,655)
(142,074)
(263,729)| |Total expenditure|| ||(430,879)
(260,654)
(691,533)| |Net income/(expenditure)|| ||165,527
(60,120)
105,407| |Net movement in funds|| ||165,527
(60,120)
105,407| |**Reconciliation of funds**|| |Total funds brought forward|| ||244,469
94,364
338,833| |Total funds carried forward|| ||409,996
34,244
444,240| ||**Unrestricted**
**Total**| ||**funds**
**Restricted funds**
**2022**| |**Note**|**£**
**£**
**£**| |**Income and Endowments from:**|| |Donations and legacies
3|469,384
149,765
619,149| |Total income|| ||469,384
149,765
619,149| |**Expenditure on:**|| |Charitable activities
5|(337,483)
(15,583)
(353,066)| |Other expenditure
6|(92,605)
(158,216)
(250,821)| |Total expenditure|| ||(430,088)
(173,799)
(603,887)| |Net income/(expenditure)|| ||39,296
(24,034)
15,262| |Net movement in funds|| ||39,296
(24,034)
15,262| |**Reconciliation of funds**|| |Total funds brought forward|| ||205,172
118,398
323,570| |Total funds carried forward|| ||244,468
94,364
338,832| All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note . Page 3 ## **Leicester South Foodbank** ## **(Registration number: CE006954) Balance Sheet as at 30 September 2023** ||**2023**
**2022**| |---|---| |**Note**|**£**
**£**| |**Fixed assets**|| ||| |Tangible assets
8|23,943
27,152| |**Current assets**|| ||| |Stocks
9|123,559
28,942| |Debtors
10|1,071
4,364| |Cash at bank and in hand
11|308,732
293,493| ||433,362
326,799| |**Creditors: Amounts falling due within oneyear**
12|| ||(13,065)
(15,119)| |**Net current**assets|| ||420,297
311,680| |**Net**assets|| ||444,240
338,832| |**Funds of the charity:**|| |**Restricted income funds**|| ||| |Restricted funds|34,244
94,364| |**Unrestricted income funds**|| ||| |Unrestricted funds|409,996
244,468| |**Total funds**|| ||444,240
338,832| The financial statements on pages 3 to 10 were approved by the trustees, and authorised for issue on 06 June 2024 and signed on their behalf by: ## P Dundas P Dundas (Jun 10, 2024 09:25 GMT+1) ......................................... Peter Dundas Trustee Page 4 ## **Leicester South Foodbank** ## **Notes to the Financial Statements for the Year Ended 30 September 2023** ## **1 Charity status** The address of its registered office is: The Kings Centre 56 Bull Head Street Leicester LE18 1PA These financial statements were authorised for issue by the trustees on 22 May 2024. ## **2 Accounting policies** ## **Summary of significant accounting policies and key accounting estimates** The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. ## **Statement of compliance** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011. ## **Basis of preparation** Leicester South Foodbank meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## **Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. ## **Income and endowments** All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. ## _**Donations and legacies**_ Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Page 5 ## **Leicester South Foodbank** ## **Notes to the Financial Statements for the Year Ended 30 September 2023** ## _**Grants receivable**_ Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. ## _**Donated services and facilities**_ Where services or facilities are provided to the charity as a donation that would normally be purchased from our suppliers, this benefit is included in the financial statements at it's fair value unless it's fair value cannot be reliably measured, then at the cost to the donor or the resale value of goods that are to be sold. ## _**Investment income**_ Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. ## **Expenditure** All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs. ## _**Charitable activities**_ Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **Support costs** Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. ## **Government grants** Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income. ## **Tangible fixed assets** Individual fixed assets costing £50.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Page 6 ## **Leicester South Foodbank** ## **Notes to the Financial Statements for the Year Ended 30 September 2023** ## **Stock** Stocks held for distribution as part of non-charitable trade are measured at the lower or cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. ## **Trade debtors** Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **Trade creditors** Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. ## **Fund structure** Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. ## **Volunteer help** The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. Page 7 ## **Leicester South Foodbank** ## **Notes to the Financial Statements for the Year Ended 30 September 2023** - **3 Income from donations and legacies** ||**Unrestricted**|||| |---|---|---|---|---| ||**funds**|||| ||||**Total**|**Total**| ||**General**|**Restricted funds**|**2023**|**2022**| ||**£**|**£**|**£**|**£**| |Donations and gifts;|212,658||212,658|148,948| |Gift aid reclaimed|15,827|-|15,827|-| |Grants, including capital grants;||||| |Government grants|7,497|200,534|208,031|252,536| |Donatedgoods,services and facilities|358,814|-|358,814|217,665| ||594,796|200,534|795,330|619,149| ## **4 Investment income** |**4**
**Investment income**|||| |---|---|---|---| ||**Unrestricted**||| ||**funds**||| |||**Total**|| ||**General**|**2023**|| ||**£**|**£**|| |Interest receivable and similar income;|||| |Interest receivable on bank deposits|1,610||1,610| ## **5 Expenditure on charitable activities** ||**Unrestricted**|||| |---|---|---|---|---| ||**funds**|||| ||||**Total**|**Total**| ||**General**|**Restricted funds**|**2023**|**2022**| ||**£**|**£**|**£**|**£**| |Food purchases|58,246|118,580|176,826|109,919| |Emergency boxes|450|-|450|6,748| |Cost of donated food distributed|250,528|-|250,528|236,399| ||309,224|118,580|427,804|353,066| ## **6 Other expenditure** Page 8 ## **Leicester South Foodbank** ## **Notes to the Financial Statements for the Year Ended 30 September 2023** |||**Unrestricted**|||| |---|---|---|---|---|---| |||**funds**|||| |||||**Total**|**Total**| |||**General**|**Restricted funds**|**2023**|**2022**| ||**Note**|**£**|**£**|**£**|**£**| |Staff costs|||||| |Wages and salaries||78,606|38,848|117,454|104,121| |Advocacy Services||5,439|58,219|63,658|22,963| |Depreciation, amortisation and|||||| |other similar costs||7,981|-|7,981|9,050| |Other resources expended||389|-|389|2,358| |Accountancy fees||1,250||1,250|1,189| |Allocated support costs||27,990|45,007|72,997|111,140| |||121,655|142,074|263,729|250,821| ## **7 Staff costs** The aggregate payroll costs were as follows: |The aggregate payroll costs were as follows:|| |---|---| ||**2023**
**2022**| ||**£**
**£**| |**Staff costs during the year were:**|| ||| |Wages and salaries|117,454
104,121| The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows: |the year expressed as full time equivalents was as follows:|| |---|---| ||**2023**
**2022**| ||**No**
**No**| |Employees|5
4| No employee received emoluments of more than £60,000 during the year. Page 9 ## **8 Tangible fixed assets** |**8**
**Tangible fixed assets**|| |---|---| ||**Furniture and**| ||**equipment**
**Total**| ||
**£**
**£**| |**Cost**|| ||| |At 1 October 2022|59,798
59,798| |Additions|4,773
4,773| |At 30 September 2023|| ||64,571
64,571| |**Depreciation**|| ||| |At 1 October 2022|32,647
32,647| |Charge for theyear|7,981
7,981| |At 30 September 2023|| ||40,628
40,628| |**Net book value**|| ||| ||**Furniture and**| ||**equipment**
**Total**| ||
**£**
**£**| |At 30 September 2023|| ||23,943
23,943| |At 30 September 2022|| ||27,151
27,151| Page 9 ## **Leicester South Foodbank** ## **Notes to the Financial Statements for the Year Ended 30 September 2023** |**9**
**Stock**|| |---|---| ||**2023**
**2022**| ||**£**
**£**| |Stocks|123,559
28,942| |**10**
**Debtors**|| ||**2023**
**2022**| ||**£**
**£**| |Trade debtors|1,071
2,943| |Other debtors|-
1,421| ||1,071
4,364| |**11**
**Cash and cash equivalents**|| ||**2023**
**2022**| ||**£**
**£**| |Cash at bank|308,732
293,493| |**12**
**Creditors: amounts falling due within one year**|| ||**2023**
**2022**| ||**£**
**£**| |Trade creditors|864
-| |Other taxation and social security|1,797
2,097| |Other creditors|9,440
794| |Accruals|964
12,228| ||13,065
15,119| Page 10 ## Accounts Final Final Audit Report 2024-06-10 Created: 2024-06-06 By: Shyam Thanki (shyam.thanki@aims.co.uk) Status: Signed Transaction ID: CBJCHBCAABAANT6nyZ9oL_PPY19N46_29-93gJ-uX2Pz ## "Accounts Final" History Document created by Shyam Thanki (shyam.thanki@aims.co.uk) 2024-06-06 - 13:22:47 GMT- IP address: 31.111.32.46 Document emailed to Peter (pdundas1981@gmail.com) for signature 2024-06-06 - 13:22:54 GMT Email viewed by Peter (pdundas1981@gmail.com) 2024-06-06 - 13:23:07 GMT- IP address: 66.249.93.35 Email viewed by Peter (pdundas1981@gmail.com) 2024-06-07 - 13:27:11 GMT- IP address: 66.249.93.36 Email viewed by Peter (pdundas1981@gmail.com) 2024-06-08 - 13:26:42 GMT- IP address: 66.249.93.35 Signer Peter (pdundas1981@gmail.com) entered name at signing as P Dundas 2024-06-10 - 08:25:23 GMT- IP address: 86.18.182.108 Document e-signed by P Dundas (pdundas1981@gmail.com) Signature Date: 2024-06-10 - 08:25:25 GMT - Time Source: server- IP address: 86.18.182.108 Agreement completed. 2024-06-10 - 08:25:25 GMT trZOZ W 90 s]murtotr)V 5tu!v sunv swrrf>Jx•w Jo lutpuE￿J￿ Jthd e atqEua u! U0d￿ SLiB U! UAIB4) )q PITLOI "I{[01 SY41 ptrtaJT JO )LIq[￿¥ P￿ aiqvJI￿ pJpws 8uwots¥ ¥)UEWOVV w 4uno) 6ryuEd￿d al4￿￿￿11] sèw1￿ Aq 2uouno))p JOJ papu>WUto￿ JO iU?UEWS #W JO 531th￿￿[ put srwwi g)UEWTr￿ Ut IOU JAell siunom aui '* Q ￿￿gUlluEya itrdpu•d•pu.t OÈ Jo ygd ￿ [wap￿￿ MIEW Z St JtBJ P aAth IE IU9[u)iiTrb￿ AUE pv iioi *nJo Kidwo) iou op 4unoJ)E 4n '£ Jo * [ioz w Kqp•tsthJ Jo .1 JAali￿ 01 ￿pj aitE uooBtttutexg atp uollww ¥U￿ ?Ary Slajw Otl IB41 IlUytKiJ I "uotwulutpxj Kw pgHdu]o? JAB4 1 Tp￿ PmSlI Jip Joairo• 4Jt4M V3)y Jo E Ittv T OSLW•q •TP WE i W UUYWJ T"VY i ioz Jo str1 uonjas p4s!I A￿q p Jo JJqwau] F JgwutBXJ JnoK (KK)'OE3 PJW)xg ssoJ2 s,IUEqWKkJ 4Jnos ￿￿1?7 a)uis 'i)v i ioz oqJ30 ((iX£lE>i knuwaTP Aq pw¥ttoJ •AEq i uOuÈ￿UTB￿ Alli 0 8uLKLW UL 'I.pv iioz >w.I i lot PV SgflLTB43 Wil JO £trl È¥)!1￿5 J￿￿￿ Ino pJ!LW % Slun0￿ S.AIUP.4J I￿0A50 knr Jo I)JIs￿ ￿ Y￿j?j i wyxtyt. Joj ?ioffiTt? PllF IJV 9tx)l %D30 91 IJEd Japun P4lPlE aq 01 P￿.n￿￿￿ >TrlUEqPOQA Jo Swn0￿ ?rD iry JasKut P•TJS!ES ÈuiAtH .01 oi £ sJt>J tso ino ps (10 ot P)P￿ huEtp Jw30 awJo uo hu#y) yod* i UTqPOOA qinos Jai$••￿ Jo a4101 yod•a I￿P￿d#pul wnos JaJ57J