CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 1 October 2023 Period start date To 30th September 2024 Period end date Charity name: Lelcester South Food Bank Charity registration number. 1166104 Objectives and Activities Summary of the pu￿SeS of the chartty as set out in its govemiNJ docutrent Para 1.17 , The ￿lIef of financial hardship 2mngst people in Le￿ster cty. LeI￿SterShIre and the surr￿jndlng area or in other parts of the '. United K￿gdOM in such ways a5 the , tnjstees fr￿￿ twne to time think frt. in , particajlar. bul r￿lt exclus[ve￿ by: a) provKINry errErgerry foc%J. essenlHI toiletries, and household iterrts to indNt(luals and familles in need andlor for distributi)n by chartties or ot￿r otganisatDns working to prevent or rEIEve poverty bl such other means. induding (but not limit￿ to) the provisKfyn of suppM)rt or swJnpost#ig to re￿nt and other &lvisory ' serv￿. cl Prowde tratning in relatDn to the effective running of a thartty invotved in fc£KI povety. Lirge 9￿le diStribut￿n ol essenlial item5, worknng with volunteers and advtsory encies. '. Operating from a building in the centre of I Wgston to distribute emergency food '. parcels to meM￿r$ of the ￿mmunity who ' are experiencsng financial hardship. Vvothing partnership wtth supwrt and advice agencies to ensure p￿PIe in the comrwnity I vtho are struggling finanCI￿ty, (zn maximi5e their in￿me. Manage a RegKJnal D"Jstribut¥)n Centre {RDC) in WFgston. that ,' coltects and ￿)rtS redistributes dona￿nS to other f(KJd bank5 in the Le￿esterShire area. The RDC also supplies ', items Ihat are used in the errErgenry food parcels to our hubs. who in tum P￿VKIe . them to peop￿ in need in and around the , city and county of Le￿te[sh1re. Each hub . oFens to the public at set days and til￿. ' They then distrÉbLrte fo(yJ parcels to indtwduals 01 families 7 days a week. These le have their n*Js asSeS￿d and Summary of the main aclivilies in ￿latiOn to th¢Ae purwses for the public benefft, in particular. the adiyittes. proiects or SeN￿S entir￿1 in t1￿ a¢¢ounts. Para 1.17 aTrJ On￿ assessed. they are tssued a voucher which they redeem at the hubs. Occastonal we deliver to their home, depending on their abilty to travel. We also operate an advi and advccacy Serv￿ to which people can be referred or signposted to the most appropriate support tor their situalion. We work wtth studenl support SeNi￿S in sch(M)ts. ￿l￿e8 and other aucattonal institutions. with families who are stnjggling to put food on the table. We work wtih lo￿1 o)unats hous¥)g opttons and benefrts departrnents, hOuS￿g asso¢iations and young p8)ple's hostels and prObat￿*n hostels to ensure that their residents redu the risk of eV￿4)n and h<￿￿SSness. We parlner wtth Iccal fatth groups to ensure the vulnerab* and mrgnalised in their ¢J)mmunitEs are not forgotten and can at least know that ttsy can feed their families. sC￿e of the agencies that we work wilh and refer their clEnts to us for emergency food parceL8 inclL•Je. social services, Youlh offending Servi￿$, probation. Folice {dOmeSt￿ Violen￿ and MOder￿daY Slavery units). GP'S, HospÉtals D)mmunty n*nlal health teams as well as the local authority communty heallh partnerships. We have set up a netvA)rk of organisations so that there are multple pathways a ￿rsOn in ne&1 can obtain hel includin If referral. We keep ￿ mind the Chartty Commissk)n guMjan￿ on public benefft when pLgnn#)g rties at Tnjstee meetings. Statement confiming whether the trustees have had regard to the gulyan issued by Ihe Chatity Commission on public benefft Pwa 1.18 Additional irrforrnation (opOonal} You cho)se lo include further statenEnts where rebvant about: SORP refererte No g￿ts IHve been isswl as part of our mission Policy on grant rroking I Paa 1.38 We encourage and partner with local businesses to offer Corporate Sockgl Reswnsibility. can include companies giving staff pahj voknnleering days with us. to spe¢k41tsl advice and training and grant funding and sponsof5hip. We afe adtvety working with local authorities on communty- based projects to build resilien￿ and cohesion for re$￿ents. Our O￿tatIOnal Manager sits on severdl ￿vety relat forums and atteThJs c4)un¢il meetin Our operatirx) is onty possible by gfft in nd our volunteers gNe to the work. We uallin 4.5 full P¥a 1.38 Policy on social wtvestrnent including pr(KJram related invest￿￿nt Pwa 1.38 Contribution made by volunteeT5 time 8]uÈva1e￿t. but tyjr volunteer hours (x)ntiibute to a further 200+ hours a wee Our volunteers come frc*n the I￿al cotymunty and help to infomi our service. We encourage participatK)n and $c￿e ofthe people who have received support from us. retum to tEcorrE volunteers theMSe￿e$ as ive back to their communi Achievements and Performance Leicester Sojth Food Bank {LSFB) has been providing emergenw forjj and other essential items to the resi(knts of Leicestershire and Leicester cty Sin￿ 2016. From Octoter 2023 to September 2024 LSFB fed 18,951 people, this is a 28% reductH)n and is a testament to staff and volunteers Working hard to reduce the need for Feople to have to use fcKMJ banks. These figures reflect less F*Op￿ haN￿ng to access emergency f¢￿ parcels than the previous year and movng us ba￿ to pre covid levels. Our C(KnmUn￿eS are still struggling with the imFk2Ct of the cost-of-fiving cr￿lS and hKJh energy bills. but are engaging with our speci31ist debi and benefft advisors. This ami of our charity has seen a 150% increase in ￿e0p￿ need￿g our Sup￿Tl This year we have seen over 1.5 million Founds being retumed to people's px)cketS, through debt management and support to benefrts. Thays over 1(K)O people fnancialty better off berAuse of being ab￿ to directty face to face ac￿SS help. We currently opeJate 23 hubs where the o)mnyJnty can obtain an emergenry fcod parcel 7 days a week. We support 14 schools and Lei￿ster cOl￿e student SAJPPOrt services. to ensure that their pupils who r￿1Ve free school me818, and are on the pupil premium, are rN)t going ¥￿thOut ftK*J. We supwrt disadvantaged young people in the YMCA and kfystels and partner wtth other charities to ensure there is no vftste and that food is distributed quKkty to tIK)se vtho deS[trate￿ need IL We are ensuring that f¢)od arKI emergency woviwon goes to those that realty need it. We (yerate an ewrOn￿ V￿cher scheme and people are asked a few swnple quest￿nS to ensure that we are the best ced seNtce to suptM)rt them. The vouther5 also enab￿ us to ensure food Summary ofthe main achievements of the chafty. identifying the diffe￿n￿ the charity's work has m￿je to the Circumstan￿ of its beneficiaries and any wid beneffts to scciety as a whole. P*a 1.20 tEl￿j allocaled fairty and maintain stock levels. To manage the demand, we have volunteers sort#ig and packing fcod 5 days a week. Our vans ate out every day ￿llect￿g and d1stitlut￿￿ donations. We have a free phone nurnter to ensure people (zn re￿1ve support 5 days a week. LSFB has a￿ayS operated on the premise that the foc(I we distribute is an e￿￿rgenty provision and that we a￿ l*re to lift Fwle out of povety. As mentioned atx)ve. we operate an advice and advocacy SerV￿e to assisl clients with the issues that brought them to us wi the first p￿Ce. Putting over £1.5m back into peopk's ffftances shows how this is an essentkql Servi￿ to empower to tske charge of thetr own Iwes and see hope and a future. This ser￿￿ has also proved to be a vital link between those ￿ the communty who are Vulnerab￿ and a pathway to statutory seTvices. are the eyes and eat3 on the ground that (xn swt signs of abuse and neglect and alert and sun post p￿PIe lo Ihe st appropriale service to ensure everyone is safeguarded. We have developed a communty forum with people wrth INed eX￿[len￿S. Our first campatgn after discussion and suNeying residents, was a need for a hub thal can offer F2F intetaction. To this end we are 8ctivety seekiro fiJThJing to open our first c£JmmunFty hub. We are pro￿1 thal we have developed a nelMrKk with other ftxxj banks and char[t￿S mbatirwJ foc*J and financial insecurrty. and our warehouse distributed 203,856kg of essential items around Lei￿Stershire. Additional infornialion loptionall You ma choose to indude further slaten*nts where re￿vant a￿Ut. Achievements against objedives set Paa 1_41 Perfo￿anCe of fundraising activities against objectives set Paa 1.41 Investrnent FtrfomTrn against obpctives ,' Paa 1.4f Other Financial Review Review of the charity's financial position al end of the Slatemenl explaining the polw for holding reseNes stating why they are hdd Pn1.21 Net assets of £575.7k of which Fixed Assets totsl £19.3k with net current assets of £556.4k It is the wlicy of this C￿rty to hokl in reserves, sufficient cash to equate to four months running cost { not ￿Vered by approved future grants) The teseryes that we ha%E set aside provide financial stsbilty and the means for the development of our principal activty. tntend to maintain our reselves at a level whith is at least covergj by the methodok)gy atrK)ve. Paa 1.22 Amunt of reserves hekl Reasons for holding ze reserves Details of fijnd Ma￿lalty in deficit Explanation of any un￿rtaintieS at(•ut the charity Continung as a gong 1.22 £97k NIA Par8 1.22 Pwa 1.24 None P*a 1.23 None Addittonal information (optional) You ma choose to include fijrther staterrents where re￿vant aboui." We reccKJnise the Importan￿ of not retying on one Sour￿ of income suth as public fundraising. spread the risk of not being able to cover our costs. by having a fvnding strategy that incorFK)raEes a drverse range of income streams. We recognise by having suffiaent ￿coMe dIve￿ty that, even if our rna￿ source of ino)me is removed, we should be able to continue our operations and fijin our charilabte obpctives. The thartiy's principal sources of fun¢Js (including any fvndraising) P*a 1.47 ()Jr prinapal s￿Jree of funds is through grants. mainty ￿rnMunty and family foundalions. t#Jt also private foundatK¥)s, ktal authorities and public charittes. We recei￿ a large proF()rtion of our funds through cory)orate giving. which has increased Sin￿ we have offered solut￿n$ to businesses who are boktng at ways of fijlfilling tsir Corporate Social Respon%bility (CSRI Environmental, SOCBI. and Ik)vemance IESGI corrmf(ments. We have attracted s nifthit hilanthro tvin from corp)rations who wish to alw Iheir own th2[Flab￿ strategy wilh outs. DOnati(￿S are ena)uraged from individual members ofthe public. through fundraising actNrties and regular social m8Jia inforMat￿n posts. Thrs take the fom of either one off ￿sh donations orthrough ular stsnding orders and dired debits. Adhering to ￿r prrvacy policy we compile a Mailing list of donors to wtKsm we send updates ar)d infomati)n on how the charity is working within the communty. This includes good news stories and case StUd￿s. to encourage our supporters that their donalK)n És making a dlfference. We have a donae bultr)n on each page of our website and lilerature wÈth how to donate via (xedit card. The websrle has direct debit arKI grft fom￿ that ran be dovmloaded, which aL80 cany cx]r bank details shoukl someone w￿h to make BACS payments. ￿en nduclng wblTrc engag￿nts we have o)llect￿n t￿8 should p9)p￿ wsh to donate (ash. And of ccmjrse, we recerve in kind donations which do not onty include food and other essential items, but a substantial volunteer base giTrring up their time to c(ynplete Ihe everyday tasks e￿ntial to our charity arnl the people Y￿ ￿1ve. We have busi1￿s$ offering training. WorkS￿p8 or helping with our IT, c(Nnpleting spreadsh*ts for reports eneral business advi￿ and irtrfonnatK)n. Investrnent policy and objectives induding any social investment wlicy adopted Pwa 1.46 A description of the principal ,, P¥a 1.46 risks facing the charrty Other Structure. Governance and Management Description of charity's COnsttiu￿n (dated 10103116) adopted on trusts.. istratDn as a CIO 17103116 TY￿ of goveming Constibjtion of a Charitable IncorForated Organtsaton whose only voting ￿EMberS trustees Assoclats.¢￿ of members made up of current trustees P*a 1.25 How is the charlty consliluled? P•7 1.25 Trustee gelectK)n methods includi)g details of any constrtutional prowsKJns e.g. eleCt￿n to post or name of any person or body enttlled to appoint one or more trustees P*a 1.25 Trustees appI￿nted after advertisement and interyiew. They are selerted to give a wide range of sknlL% and exFeTience. Appointed for a temi ofthree years at a propety Convened meeliThJ ofthe Ttustees. Addibonal infOrn￿tion (optional) You ma chcK)se to indude further state￿￿nIS where r￿vant about.. Policies and prO￿￿￿S adopted for the induction Iraining of ttustees p￿1.51 The charity's or99ni￿tt0nal stfucture and any wider network with which the charity worts Paa 1_51 Relationship with any related P*a 1.51 parties Other Reference and Administrative details name Other naTne the char uses istered chari number Charrty's principal address Leicester South F(K*tt¥ank 1 11661Ckl 40 Bell Street L￿CeSter$h1re LE18 1AD Names ofthe charity trustees who manage the chartty Datrs acted if notforTHhol8 ar Trtmtse name Olfice Irf any) Name of ￿r$On lor b￿Jy1 entitled int tntstee Peter Dundas Geoff Adaty Chair Christopher Baty Rakesh Veja Patricia Kendall John Nicholas Sirmn Safeguarding tead Annemarie Cossar Apwnted 8.8.24 10 11 12 13 14 15 16 17 18 19 20 Co orate INstees- nanw ofthe di[￿101$ at the date the re Dlre¢tor name wasa roved Name of Irust*s hotdirbj title to proFety teh)nging to the thariiy Trustee name Funds held as custodian trustees on behalf of others DescriptKJn of the assets NIA held in this ￿pacity Name and objects of the charity on whose behalF the assets are held and how this falls within the custodkgn charity's obie(ts I NIA Detsils of afrangements for safe cust(xJy and segregation of such assets from the charity's own assets WA Additional inf0m￿tion tional Namos and addresses of adviser5 (Optional infornMtionl Type of Name Address adviser Bank HSBC 2-6 Ga1krwt￿ Gate Leicester LE1 1DA Namo of chief executive or names of senlor staff members (Optional infornmtlon) Bruce Harrison Operational Manager Exemptions from disclosure Reason for non-dsdosure of [Sc￿ne1 details Other o tional inforniation Declarations The trustees de¢lare thatthey Iwve approved the trusiees, report above. 8ign¢d on behalf of the chari SIgna￿re(sI Full name{$) Peter Dundas Positi4)n (eg Secretary. Chair, ot¢ Chair Company registration number: CE006954 Charity registration number: 1166104 ## Leicester South Foodbank Annual Report and Financial Statements for the Year Ended 30 September 2024 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** ## **Chairman** Peter Dundas **Trustees** John Nicholas Simon Christopher Batty Geoff Adams Patricia Kendall Rakesh Veja Annemarie Cossar **Principal Office** 40 Bell Street Wigston Leicester LE18 1AD **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 2024 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 - 7 April 2025 Page 2 ## **Leicester South Foodbank** ## **Statement of Financial Activities for the Year Ended 30 September 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)** |**Unrestricted**
**funds**
**Restricted funds**
**Total**
**2024**|**Unrestricted**
**funds**
**Restricted funds**
**Total**
**2024**| |---|---| |**Note**
**£**
**£**
**£**|| |**Income and Endowments from:**|| |Donations and legacies
3|317,506
463,246
780,752| |Investment income
4|12,919
-
12,919| |Total income|| ||330,425
463,246
793,671| |**Expenditure on:**|| |Charitable activities
5|(157,849)
(172,263)
(330,112)| |Governance & support costs
6|(129,630)
(202,469)
(332,099)| |Total expenditure|| ||(287,479)
(374,732)
(662,211)| |Net income|| ||42,946
88,514
131,460| |Transfers between funds
13|50,218
(50,218)
-| |Net movement in funds|| ||93,164
38,296
131,460| |**Reconciliation of funds**|| |Total funds brought forward|| ||409,996
34,244
444,240| |Total funds carried forward|| ||503,160
72,540
575,700| ||**Unrestricted**
**Total**| ||**funds**
**Restricted funds**
**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)| |Other expenditure
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| All of the charity's activities derive from continuing operations during the above two periods. Page 3 ## **Leicester South Foodbank** ## **(Registration number: CE006954) Balance Sheet as at 30 September 2024** ||**2024**
**2023**| |---|---| |**Note**|**£**
**£**| |**Fixed assets**|| ||| |Tangible assets
8|19,310
23,943| |**Current assets**|| ||| |Stocks
9|136,345
123,559| |Debtors
10|-
1,071| |Cash at bank and in hand
11|456,724
308,732| ||593,069
433,362| |**Creditors: Amounts falling due within oneyear**
12|| ||(36,679)
(13,065)| |**Net current**assets|| ||556,390
420,297| |**Net**assets|| ||575,700
444,240| |**Funds of the charity:**|| |**Restricted income funds**|| ||| |Restricted funds|72,540
34,244| |**Unrestricted income funds**|| ||| |Unrestricted funds|503,160
409,996| |**Total funds**|| ||575,700
444,240| The financial statements on pages 3 to 10 were approved by the trustees, and authorised for issue on 7 April 2025 and signed on their behalf by: ......................................... Peter Dundas Chairman Page 4 ## **Leicester South Foodbank** ## **Notes to the Financial Statements for the Year Ended 30 September 2024** ## **1 Charity status** The address of its registered office is: 40 Bell Street Wigston Leicester LE18 1AD These financial statements were authorised for issue by the trustees on 7 April 2025. ## **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 2024** ## _**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. ## **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. ## **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. Page 6 ## **Leicester South Foodbank** ## **Notes to the Financial Statements for the Year Ended 30 September 2024** ## **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 ## **3 Income from donations and legacies** ||**Unrestricted**| |---|---| ||**funds**| ||**Total**
**Total**| ||**General**
**Restricted funds**
**2024**
**2023**| ||**£**
**£**
**£**
**£**| |Donations and legacies|100,577
85,000
185,577
212,658| |Gift aid reclaimed|11,509
-
11,509
15,827| |Grants, including capital grants;|| |Government grants/other charities|19,083
378,246
397,329
208,031| |Value of donated goods distributed|157,423
-
157,423
345,146| |Income from corporate days|22,500
-
22,500
7,300| |Commission received|6,414
-
6,414
6,368| ||317,506
463,246
780,752
795,330| Page 7 ## **Leicester South Foodbank** ## **Notes to the Financial Statements for the Year Ended 30 September 2024** ## **4 Investment income** |**4**
**Investment income**||||| |---|---|---|---|---| ||**Unrestricted**|||| ||**funds**|||| |||**Total**|**Total**|| ||**General**|**2024**|**2023**|| ||**£**|**£**|**£**|| |Interest receivable and similar income;||||| |Interest receivable on bank deposits|12,919|12,919||1,610| ## **5 Expenditure on charitable activities** |**5**
**Expenditure on charitable activities**||| |---|---|---| ||**Total**|**Total**| ||**2024**|**2023**| ||**£**|**£**| |Food purchases (net of stock movement)|172,451|82,208| |Emergency boxes|238|450| |Value of donatedgoods received|157,423|345,146| ||330,112|427,804| ## **6 Other expenditure** |||**Unrestricted**|||| |---|---|---|---|---|---| |||**funds**|||| |||||**Total**|**Total**| |||**General**|**Restricted funds**|**2024**|**2023**| ||**Note**|**£**|**£**|**£**|**£**| |Staff costs|||||| |Wages and salaries||82,843|66,187|149,030|117,454| |Advocacy Services||10,819|118,017|128,836|63,658| |Depreciation, amortisation and|||||| |other similar costs||6,437|-|6,437|7,981| |Other resources expended||328|-|328|389| |Accountancy fee||1,295|-|1,295|1,250| |Legal fees||1,500|-|1,500|-| |Allocated support costs||26,408|18,265|44,673|72,997| |||129,630|202,469|332,099|263,729| ## **7 Staff costs** The aggregate payroll costs were as follows: |**7**
**Staff costs**
The aggregate payroll costs were as follows:|| |---|---| ||**2024**
**2023**| ||**£**
**£**| |**Staff costs during the year were:**|| ||| |Wages and salaries|149,030
117,454| Page 8 ## **Leicester South Foodbank** ## **Notes to the Financial Statements for the Year Ended 30 September 2024** 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:|| |---|---| ||**2024**
**2023**| ||**No**
**No**| |Employees|5
5| No employee received emoluments of more than £60,000 during the year. ## **8 Tangible fixed assets** ||**Furniture and**
**equipment**
**Total**| |---|---| ||
**£**
**£**| |**Cost**|| |At 1 October 2023|64,571
64,571| |Additions|1,804
1,804| |At 30 September 2024|66,375
66,375| |**Depreciation**|| |At 1 October 2023|40,628
40,628| |Charge for theyear|6,437
6,437| |At 30 September 2024|47,065
47,065| |**Net book value**|| |At 30 September 2024|19,310
19,310| |At 30 September 2023|23,943
23,943| |**9**
**Stock**|| ||**2024**
**2023**| ||**£**
**£**| |Stocks|136,345
123,559| |**10**
**Debtors**|| ||**2024**
**2023**| ||**£**
**£**| |Trade debtors|-
1,071| |**11**
**Cash and cash equivalents**|| ||**2024**
**2023**| ||**£**
**£**| |Cash at bank|456,724
308,732| Page 9 ## **Leicester South Foodbank** ## **Notes to the Financial Statements for the Year Ended 30 September 2024** ## **12 Creditors: amounts falling due within one year** |**12**
**Creditors: amounts falling due within one year**|| |---|---| ||**2024**
**2023**| ||**£**
**£**| |Trade creditors|28,093
864| |Other taxation and social security|2,764
1,797| |Other creditors|851
9,440| |Accruals|4,971
964| ||36,679
13,065| ## **13 Transfers between funds** During the year, a transfer of £50,218 was made from the restricted funds to the unrestricted funds. This was necessary because of a reclass of costs incurred between the funds. Page 10 Leicester South FoOdb￿k Indepelldettt Examiner's Report to the tn￿ of I￿l¢eSter South Foodbank J ffport to tbe rhan'ty tDJslecs on t5Jy ¢xathiuatioRof the aco)uThts of th¢ charity forthc year CEthI 30 Sw¢tDber 2024 whtch are set outon pges 3 to 10. HaNing saiisfjed myselFthat the ￿COUnts ofLeices¢cr South Fsxxlb*th are nr4 required th be a￿lted utthr 16 of th¢ 21M)6 Aci apd aTe eliwbl¢ for it¥l¢pendettt &UmI￿OIL l rytt in r¢spe¢t of my exats)i]JatioD of YQUT haThty's ￿￿Unts &$ C￿1￿1 out und¢r s¢aion 145 of the CTharities Act 2011 I'the 2011 Ad'l. Its cwtttg out y exgmiTJation I have followed the IhJthn5 giveD by the(Iwity C(xtErnI￿1On llllder ￿¢t1¢)￿ 145{5Nb} of tbe 2011 A¢1. Since Leitester South Foodbank's 8ft)ss income eKteeded £150.￿ your &x&nintr ￿￿%1 be 8 m¢mtr¢r of a b￿ty listed sectiott L45 of th¢ 2011 A¢t. I c(xfJrn that l am 9￿1[fied to wwjenth the b￿V8¢ l am a memixrof ACCA, whtch is onc of the ILsred IM)di& I have ¢omplrt￿l Tny examinthon. l ¢oThfiThi t1￿ malt¢T5 have come kn my Jtiejrtion in connedioTt the examination giviD8 cause tobeheve.. l. a¢cixu)liug r￿ordS werenotkept ill rEsp¢rtof ￿l¢¢￿tr South Foodb8ok &8 wuir¢d by th¢ 2011 ACL. or 2. the actothtts th not accord with those re£ordk" or 3. the accO￿ts do no( comply with the ¥countiDg requiran¢nls of the 2011 Act oth¢r than any rffjuirtment the a¢¢ounts giY¢ a and fw view wkn.ch ]5 Dot 8 toatter coDsNjer￿q as part of ats indePe￿]ellt ¢xaminaiion: or 4. the accounts have t￿t b¢en PTtpared in x¢ordan￿ ￿]eth￿ aTwJ pr¥ncipl¢s of tk St*tement of R¢comtnetthd PTr￿1¢e for 8C¢OUlltiug It￿ re￿rIl[l8 by dJariti¢s lappli¢able kn c]witics PTeparing tbeir accounls in atCOTdantr with the Firm￿￿*1 RepoTtsng s￿da¥d wliL¥ble IT¢ the UK and Republic of Ir¢i8rtd IFRS 10?)I. ShO￿d be dr&wn in this in Order￿ enable a prOpcruThk￿th" gof the acco￿￿ to b¢ rra¢hcd 7 Aptil 2025