REGISTERED CHARITY NUMBER: 01167323
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 October 2020
for
PLS FOOD FOUNDATION
DBS Corporate Accountants Suite 4102, Charlotte House Queens Dock Business Centre 67-83 Norfolk Street Liverpool Merseyside L1 0BG
PLS FOOD FOUNDATION
Contents of the Financial Statements for the Year Ended 31 October 2020
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 to 8 |
| Detailed Statement of Financial Activities | 9 |
PLS FOOD FOUNDATION
Report of the Trustees
for the Year Ended 31 October 2020
The trustees present their report with the financial statements of the charity for the year ended 31 October 2020. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims
The principal activity of the charity is the provision of food for homeless individuals.
Significant activities
The activities of the charity are governed by a deed of trust dated 24th May 2016.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
01167323
Principal address
Trustees
Mr Paul John Martin Trustee Mr Peter Furmedge Trustee Mr Kate Martin Trustee Mr Barry Kelly Trustee (appointed 7/4/2020)
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
..........................................................
Mr Paul John Martin - Trustee
Page 1
PLS FOOD FOUNDATION
Statement of Financial Activities for the Year Ended 31 October 2020
| 2020 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 44,297 Other income 10,000 Total 54,297 EXPENDITURE ON Raising funds 2 56,356 NET INCOME/(EXPENDITURE) (2,059) RECONCILIATION OF FUNDS Total funds brought forward 2,772 TOTAL FUNDS CARRIED FORWARD 713 |
2019 Total funds £ 22,953 - 22,953 25,932 (2,979) 5,751 2,772 |
|---|---|
The notes form part of these financial statements
Page 2
PLS FOOD FOUNDATION
Balance Sheet
31 October 2020
| 2020 | 2019 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 1,913 | 3,252 | |
| CREDITORS | |||
| Amounts falling due within one year | 5 | (1,200) | (480) |
| NET CURRENT ASSETS | 713 | 2,772 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 713 | 2,772 | |
| NET ASSETS | 713 | 2,772 | |
| FUNDS | 6 | ||
| Unrestricted funds | 713 | 2,772 | |
| TOTAL FUNDS | 713 | 2,772 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr Paul John Martin - Trustee
The notes form part of these financial statements
Page 3
PLS FOOD FOUNDATION
Notes to the Financial Statements for the Year Ended 31 October 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 4
continued...
PLS FOOD FOUNDATION
Notes to the Financial Statements - continued for the Year Ended 31 October 2020
2. RAISING FUNDS
Raising donations and legacies
| Sundries Support costs |
2020 £ 166 9,574 9,740 |
2019 £ 83 9,334 |
|---|---|---|
| 9,417 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2020 nor for the year ended 31 October 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2020 nor for the year ended 31 October 2019.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestrict | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 22,953 |
| EXPENDITURE ON | |
| Raising funds | 25,932 |
| NET INCOME/(EXPENDITURE) | (2,979) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 5,751 |
| TOTAL FUNDS CARRIED | |
| FORWARD | 2,772 |
Page 5
continued...
PLS FOOD FOUNDATION
Notes to the Financial Statements - continued for the Year Ended 31 October 2020
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 2020 | 2019 | |||
| £ | £ | |||
| Trade creditors | 600 | - | ||
| Other creditors | 600 | 480 | ||
| 1,200 | 480 | |||
| 6. | MOVEMENT IN FUNDS | |||
| Net | ||||
| At | movement | At | ||
| 1/11/19 | in funds | 31/10/20 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 2,772 | (2,059) | 713 | |
| TOTAL FUNDS | 2,772 | (2,059) | 713 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | **Resources ** | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 54,297 | (56,356) | (2,059) | |
| TOTAL FUNDS | 54,297 | (56,356) | (2,059) | |
| Comparatives for movement in funds | ||||
| Net | ||||
| At | movement | At | ||
| 1/11/18 | in funds | 31/10/19 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 5,751 | (2,979) | 2,772 | |
| TOTAL FUNDS | 5,751 | (2,979) | 2,772 |
Page 6
continued...
PLS FOOD FOUNDATION
Notes to the Financial Statements - continued for the Year Ended 31 October 2020
6. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources Movement | Resources Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 22,953 | (25,932) | (2,979) |
| TOTAL FUNDS | 22,953 | (25,932) | (2,979) |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| Net | |||
| At | movement | At | |
| 1/11/18 | in funds | 31/10/20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 5,751 | (5,038) | 713 |
| TOTAL FUNDS | 5,751 | (5,038) | 713 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | **Resources ** | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 77,250 | (82,288) | (5,038) |
| TOTAL FUNDS | 77,250 | (82,288) | (5,038) |
Page 7
continued...
PLS FOOD FOUNDATION
Notes to the Financial Statements - continued for the Year Ended 31 October 2020
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2020.
Page 8
PLS FOOD FOUNDATION
Detailed Statement of Financial Activities for the Year Ended 31 October 2020
| INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Other income No description Total incoming resources EXPENDITURE Raising donations and legacies Sundries Other trading activities Commission Support costs Finance Bank charges Governance costs Wages Accountancy and legal fees Total resources expended Net expenditure |
2020 £ 1 44,296 44,297 10,000 54,297 166 46,616 72 8,782 720 9,502 56,356 (2,059) |
2019 £ - 22,953 22,953 - 22,953 83 16,515 72 8,782 480 9,262 25,932 (2,979) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 9