HEREFORD FOODBANK ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENT 2024 Charity No. 1170826 Company No. CE009433 (England and Wales)
TABLE OF CONTENTS TRUSTEES REPORT FOREWORD TO THE ANNUAL REPORT EXEci1vE SUMMARY WHATTHE ORGANISATION DOES SUMMARY OF THIS YEAR'S ACTIVITIES FINANCIAL AND FOOD DONATIONS li VOLUNTEERS AND AFF STRucfuRE, GOVERANCE AND MANAGEMENT REFERENCE AND ADMIN DETAILS 13 14 15 INDEPENDENT EXAMINER'S REPORT 16 STATEMEMf OF FINANCIAL AcllviTIES 17 BALANCE SHEET 18 NOTES TO THE FINANCIAL STATEMENTS 20 DEfAILED STATEMENT OF FINANCIAL AcfiviTIES 26
FOREWORD TO THE ANNUAL REPORT The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. 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 IFRS 102) (effective l January 2019). Since becoming a Charitable Incorporated Organisation (CIO) in 2016, we have seen an 83% increase in referrals for food parcels an alarming indicator of the steady rise in food poverty across our community. The ongoing cost-of-living crisis is having a profound impact. and we are seeing more people turning to the food bank for the first time. At the same time, the cost of food for parcels has increased. We are also providing larger parcels, particularly in response to growing demand from working families. These combined pressures have led to a significant rise in our operating costs. Despite these challenges, the food bank continues to attract generous donations and vital grant funding, enabling us to sustain this essential service. This is a testament to the dedication of our management team, volunteers, and board of trustees-but most of all. it reflects the incredible generosity of our local community, who donate both food and funds to ensure that no one in need goe5 Without. The food bank simply could not function without our amazing volunteers. In 2024 alone, they contributed over 7,500 recorded hours-thou8h we know many more went unrecorded. From collecting donations at supermarkets to sorting food and delivering emergency parcels, their tireless commitment makes everything we do possible. While these are difficult times, we remain confident in the strength of our response. Our dedicated volunteers and supportive community are the foundation of our work, and with their continued help, we will rise to meet the growing need. Marie Rosenthal, Chair of the Board of Trustees
EXECUTIVE SUMMARY In 2024 the Food Bank's l(KJ dedicated volunteers, and team of stsff, provided 100,000 meals for nearly 5,000 people in need. The team continues to work to help create independence through increased signposting and additional forms of help. Over the year, there has been a marked increase in self-referrals and referrals from NHS health services. Donations of food valuing £85,OCK) from supermarket drives and other initiatives were received, along with many financial contributions from the local community. The Food Bank is now operating a targeted collection strategy through the Bank the Food App and is increasing its involvement in community projects, such as the Schools Project, to help raise awareness. In the future the Food Bank will also focus on enhanced engagement with recipients with the aim of helping to resolve the root causes of food poverty for individuals, and to tailor food parcels to recipients, needs.
WHAT THE ORGANISATION DOES Our Vision The provision of food parcels to those recipients deemed to be in emergency need, arising from, for example, homelessness, psychiatric bakdOWn or delayed benefit payments. We do not wish to create dependence and we work on the premise that the Food Bank is intended to help individuals or families over the crisis until they can sUPPOrt themselves, signposting to additional support where needed. Our main aim is to continue to provide food or vouchers and basic toiletries to people in need. To achieve this we need a set of objectives with clear goals. Our Aims and Objectives Our objectives are: To continue to develop the model to provide a sustainable source of income and manage expenditure To value our volunteer base To develop working arrangements with other agencies to try to alleviate food poverty at source and reduce the need for emergency aid To ensure a safe, hygienic working environment To ensure that the 7-day emergency food parcels include healthy and nutritious food that people will eat. Our Activities Provlsion of a food parcel for up to a maximum of 7 days, or the equivalent in food vouchers, supplied accordingto need. The food parcel also includes wider essentials such as personal hygiene products. Referrals come from case workers. social workers, NHS staff and other agencies and individuals and an appropriate food parcel is prepared. Due to the current economic circumstances, the Trustees have continued to allow individuals who have been experiencing hardship to obtain an initial food parcel without the need for a referral.
The Food Bank also provides information to the residents of Herefordshire and the surrounding areas to improve understanding of the concept and impact of poverty. The Food Bank maintains good working relationships with referring agencies and other food providers by attending meetings and distributing information about its operation on a regular basis. Public benefit The charity is a public benefrt entity. The trustees have complied with their statutory duty to have due regard to the guidance on public benefit published bythe Charity Commission in deciding what activities the charity should undertake, and how those activitie5 are made available to the public. Activities undertaken for the ublic benefit The charity's main activity undertaken for the public benefit in relation to its charitable objects during the year, was the provision of emergency food parcels. These services - in accordance with the charity's objects - are typically restricted to those located within the county of Herefordshire and surrounding areas. This is largely for logistical reasons, but also because the trustees believe that the charity is meeting a particular demand for such services, which is not met by other organisations in the area. The services are free at the point of need, although certain services are funded by a recharge to the local authority, in order to cover the costs of providing the service, and to maintain quality.
SUMMARY OF THIS YEAR'S AcfiviTIES Durlng 2024 Hereford Foodbank Provided enough f ood for nearly 100,000 meals Helped a totd of Y,649 people which kluded 3, 112 Adults F•U• 1.537 chddren Spent £45. q48 on food . Issued 24q vouch•r6 for Supernrke* food. Received 85,673 worth of donated food In 2024, Hereford Food Bank experienced significant trends in both referral activity and donation pattems. The highest number of referrals occurred in December and May. aligning with well documented periods of financial stress: namely the holiday season and the lead-up to summer. These seasonal pressures often lead to heightened demand for emergency food support as families contend with increased household expenses. A notsble development during the year was the slight increase in first-time self-referrals. This rise is indicative of growing public awareness, reduced stigma around ekIng help. and improved accessibility of food support services. It reflects ongoing efforts to Streamlirie referral pathways and ensure individua15 can reach out directly when in need.
Significantly, the largest share of referrals in 2024 came from adult NHS services, revealing a deepening connection between health services and food support. Alongside the increase in self- referrals, this trend signals an important shift toward health-focused and direct-access referral pathways. Frontline workers are increasingly recognislng food insecurity as a fundamental component of individual wellbein& integrating it into broader health and Social care conversations. In response to changing demand and donation behaviour, the Food Bank has adapted its collection strategies. Although overall donation volumes declined. we took a deliberate step toward targeting the key food items most needed. Two primary initiatives supported this approach: The Bank the Food App, which gained over 300 followers, provided real-time updates to supporters about priority items. Supermarket Drives. staffed by volunteers, enabled both the collection of donations and public en8agement. offering opportunities to speak directly with community rnember5 about the Food Bank's work. These targeted methods helped ensure that donated food and essentials, which made up around 50% of the parcels distributed, were more aligned with recipients, needs. Alongside operational changes, 2024. saw the introduction of the Schools Project an important community outreach initiative. Designed to engage students in understanding and sUPPOrting the Food Bank, the project had several objectives: Raise awareness of the Food Bank's structure and the diversity of individuals it supports Encourage informed, focused donations Reduce stigma through education and discussion Facilitate participation in school-led collection events The project not only increased donations but also played a role in normalising food support it helped children to realise how important healthy food is to wellbeing.
Summary of Statistics 2024 REASONS FOR REFERRAL Rtlu£Ee 12 Food Distribution by Month 2024 39) 19) Ic kthlllkll Aug Sep Oct No¥ Dec IIIIIITotal a(%Jits Totalchil(ken TOtrefertal$ 2024 SOURCESOF REFERRAL OTrER VENNTURE
10 Future Plans Looking ahead, Hereford Food Bank is focused on enhancing Its engagement with reclpients, deepening understanding of their needs. and reasons for accessing food support. This includes ongoing efforts to strengthen signposting for further support to prevent repeat referrals. Despite some challenges in donation volumes, targeting most needed food enabled the Food Bank to respond effectively to need.
11 FINANCIAL AND FOOD DONATIONS We would like to extend our sincere thanks to the local community for their generous finantial and food donations. Despite the rising cost of living, we received food donations valued at more than £85,0(K). These contributions came through a variety of sources, including donation baskets in local supennarkets and shops, supermarket drives, Avara Foods. and individuals kindly dropping off food items. Large Financial Donatlons The Alan Brailsford Charity The Mumford Memorial Trust Hereford Infosec In response to the concerns over the cost of living, we received £160,645 from the Government Household Support Fund administered Herefordshire County Council. The Sam Morley Charitable Trust Local Schools Combined Local Churches Combined We would also like to express our heartfelt thanks tothe local schools and churches for theirgenerous harvest donations. which made a significant difference in supporting those in need. The Lugwardine Charity Avara Foods St Owen Relief in Need Tomkins Thomas In addition, we are extremely thankful for the Christmas and Easter treats provided by the community. These thoughtFul contributions allowed us to include treats within our food parcels during the festive periods. Avalon Meta15 Hutchinson Partnership CWU Worcester & Hereford Services for Independent Living Donations for 2024 of £126,798, plus £16,436 gift aid). show a decrease from the previous year 12023: £184,666, plus £13,209 gift aid). Key Systems Wellington Home and English Salvage Hereford and District Young Farmers Hereford Diocese Your continued support is deeply appreciated and plays a vital role in the success of our work.
12 Reserves policy The trustees review the reserves policy annually. in the light of future plans. and on the basis of the most recent accounts information. They aim to maintain a level of reserves sufficient to enable the charity to take advantage of new opportunities. and to cover the expected and unexpected costs of pursuing its objectives during periods of reduced fvnding. Due to the current economic uncertaintie5, the trustees consider that the required reserves level should be between 6 and 9 months of normal expenditure. In addition to this, the trustees aim to maintain a resenie of £81,000 to cover the charity's liabilities that would arise if it were to cease to operate. At 31 December 2024. the charity's unrestricted reserves stood at £647,422 {2023: £541,654), which was equivalent to 25 months {2023: 22 month) of normal expenditure. The charitls resenies currently exceed the reserves policy however, the future of the CharItS income sources is not guaranteed and therefore the trustees feel that the current level of reserves held is appropriate.
13 VOLUNTEERS AND STAFF Volunteer number remain high at just over 100, with a regular volunteer base of over 80 people fillingthe rota supplemented bysome veryflexible and adaptable reserves. A huge amountof credit is due to the people who make the organisation work so well, day in and day out. providing food to those in need: the volunteers and the team leaders who generously give their time to prepare food parcels. receive and sort donations, collect food from supermarkets and distribute food to clients. They are an amazing asset to the Food Bank and during 2024volunteers recorded over 7,500 hours of work. with certainly many more hours unrecorded. An operation of this scale, supporting so many people and maintaining an essential role within the community requires a very competent Food Bank Manager and team of staff to ensure that both clients and referring agencies can be assured of regular opening hours and an efficient service. A Deputy Manager supports the manager and organises the volunteer rotas. Two part time call handlers take the referrals and a part time Stock Control Coordinator deals wwth food purchasing and donations.
14 STRUCTURE. GOVERANCE AND MANAGEMENT Governing document The charity was established as a Charitable Incorporated Organisation (CIO) on 13December 2016 and is governed by its constitution (amended 22 October 2019). Recruitment and appointment of new trustees Appointment of trustees is by majority elertion of the board of trustees in general session. New trustees undergo a formal induction process during which they are given a broad outline of the charity'5 policies and procedures. They are also given a copy of the charity's constitution (and any amendments made to it), and a copy of its latest annual report and statement of accounts. Theyare expected to familiarise themselves with the details of formal trustee responsibilitie5 a5 laid down in charity law. Under the charity's constitutional provisions, trustees serve for a maximum period of three years. after which time they cea* to hold office. but may be reappointed by the board of trustees at a subsequent general meeting. Organisational structure The trustees exercise overall control of the organisation through attendance at regular management team meetings. The trustees employ a Mana8er and a Deputy Manager for the Food Bank, who control the day-to- day operations. A management team, which includes four of the Trustees, meet regularly throughout the year. Charity Details Name: The Hereford Food Bank Address: 41 Monkmoor Street, Hereford, HRI 2DX Telephone Number: 01432 607011 Email: manager@herefordfoodbank.co.uk Website: www.herefordfoodbank.co.uk
15 REFERENCE AND ADMIN DETAILS Registered Company number CE009433 (England and Wales) Reglstered Charfty number 1170826 Registered offl 41 Monkmoor Street Hereford HRI 2DX Trustees Marie Rosenthal (Chair) Mike Wilkinson Fiona Jones Susan Ewart Kate Stephens Charlie Daw G Mills (resigned 20.4.24) P King (resigned 16.1.241 L Hurds (resigned} Independent Examlner Thorne Widgery Accountsncy Ltd 2 Wyevale Busine55 Park Kings Acre Hereford HR4 7BS Banker CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ United Trust Bank Limited l Ropemaker Street London EC2Y 9AW The Charity Bank Limited Fosse House 182 High Street Tonbridge TN9 IBE Monmouthshire Building Society John Frost Square Newport NP20 IPX Approved by order of the board of trustees on . by: fLKL 2oLf and signed on its behalf M Rosenthal - Trustee
'16 Inde endent Examiner's Re Th H refordFoodBank ort to the Trustees Indep8ndent examlnorfs reportto the trustees of The Hereford Food Bank (the Compan) I report to the charity trustees on rny examinion of the accounts of the C7panY for th8 year ended 31 December 2024. Responslbllftlos and basls ol roport As the charity's trustees of th8 Company {and also tis directors for the purposes of company law) you are responsible forthe preparation ofthe accounts in accordance with the requirements otthe Compani8s Act 2006 {'the 2006 Act'l. Having satisfied myself that the accounts of the Company 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 a¢¢ounts as carried under Section 145 of the Charities Act 2011 {'the 2011 A¢t'l. In carrying out rny examination I have followed the Directions given bythe Charty Commission under Section 145(51 {bl of the 2011 Act. Indepondenl examlner'g statement Since your CharItS gross income exceaded £250.000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of theAssociatlon ol Chartered Certified Accountant$, vthich 1$ one of the listed bodies. I have completed my examinatlon. I confirm that no matters have come to my attention in connection with the examlnation glvingme cause to believe: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or the accounts do not accord with those records- or the accounts do not comply WFth the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts gtve a true and fairview which is nota matterconsidered as part of an independent examination: or the accounts have not been prepared in accordancewtth the methods and principles ofthe Statement of Recommended Practice for accounting and reporting by charities {applTrcable to charities preparing their accounts in accordance wfth the Financial Reportingstandard applicable inthe UK and Republic of Ire18nd IFRS 10211. I have no Goncems end have come acro85 no other matters in connection with the ex8mlnation to which attention should bedr8wn in this report in ordertoenabLe a proper understandingofthe 8ccountsto be reached. LtsJ Lis8 Weaver FCCA The Association of Chartered Certified Accountants Thorne Widgery Accountancy Ltd CharteFed Accountants 2 Wyevale Buslness Park KingsAcre Hereford Herefordshire HR4 7BS Date: . .231Gl£.S.........................-.
17 Statement of Finan ialActivities Ai 31.12.24 Total funds 31.12.23 Tot81 funds Unrestsicted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 228.925 228.925 285.446 Charlt8bl8 activltles Emergencyfood parcels 167.244 167.244 158.441 Othertrading a¢tivf(ies Investment income 350 10.517 10.517 6.692 Total 407.036 407,036 450,579 EXPENDITURE ON Charltabl8 actlvltles Emergencyfood parcels 301.268 301,268 292,824 NETINCOME 105.768 105.768 157,755 RECONCILIATION OF FUNDS Total funds broughtforw8id 541.654 541.654 383,899 TOTAL FUNDS CARRIED FORWARD 647.422 647.422 541.654 The notes forni part of these finala1 statements
18 Balance Sheet 31.12.24 Tot81 funds 31.12.23 Total funds Unrestricted fund Restricted fund Notes FIXED ASSETS Tangible assets 12.731 CURRENT ASSErs Stocks Debtorg Cash at bank and in hand 35.185 20.018 585.236 35.185 20.018 585.236 44.481 6,929 479,730 10 640.439 640,439 531.140 CREDrtORS Amounts falling due withln one year {2.4631 12.463) {2.2171 NET CURRENT ASSErs 637.976 637.976 528,923 TOTAL ASSEfs LESS CURRENT UABILITIES 647.422 647.422 541.654 NEfASSETS 647.422 647.422 541,654 FUNDS Unrestricted funds 13 647.422 541.654 TOTAL FUNDS 647.422 541.654 The charitable company is entitled to exemption from 8jIt undersection 477 ofthe Companies Act 2(K)6 for the year ended 31 December 2024. The members have not required the company to obtain an audrt of it$ financial statements for the year ended 31 December 2024 in accordance with Section 476 ofthe Companies Act 2006. The trustees 8cknowLedge their responsibiltties for ensuring that the charitable company keeps accounting record$ th8t comply wth Sections 386 and 387 of the CompaniesAct 2006 and preparing financial statements which a true and fair view of the state of affalrs of the charitable company as at the end of each financial ye8T and of its surplus or deficit for each financial year in accordance wlth the requirements of Sections 394 and 395 and which otherwise comply Mth the requirements of the Companies Act 2006 relating to financi818tatements. so far 8s applicable to th8 charitable Company. Ibl The notes fom) part of these finala1 statements crMtinLd...
19 Balance Sheet- continued 31 December 2024 These financial statements h8ve been pyepared in accordance with the provisions applicable to charitable companies subjectto the small companiesregirne. The financial statements YNere approved by the Board of Trustees 8fKI authori59J foT issue on and were signed on its behalf by: M Rosenthal- Trustee notes forrn part of the* finarKial statements
.20 Notes to the Financial Statements for the Year Ended 31 December 2024 ACCOUNTING POUCIES Basis of preparing the financial slatements The financial statements of the charitable company. which is 8 public benefit entity under FRS 102. have been prepared in accordance wtth the Charities SORP IFRS 1021 'Accounting and Reporting by Charitiès: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportingstandard applrable in the UK and Republicof Ireland IFRS 1021 (effective 1 January 20191.. Financial Reporting standar(1 102 Yhe Financial Reporting standard applicable in the U K and Republic of Ireland. and the Companies Act 26. Tbe financial statements have been pr8pared underthe historical cost convention. Golng Concern The trustees assess whether the use of going concern Is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast signrficant doubt on the ability of the company to continue as a going concern. The trustees make this assessment in respect of a period of at least one year from the date of authorisation tor issue of the financial statements and have concluded that the companyhas adequate resources tocontinue in operational 8XiStencefortheforeseeablefutLtre and there are no materi81 uncertainties aboutthe charlty's abilityto continue asa goingconcem,thus theycontinue to adopt the going concern basis of accounting in preparlng the financial statements. Income All income is recognised in the Statement of Financlal Activlties once the charlty has entitlement to the funds, it is probablethat the incomewill be received and the amount can be measured reliably. Gifts in kind are included at a reasonable estimate of iheirvalue to the charity, orthe amount realised. They are included in the SOFA when receivable. Donated services and tacilities are Included in incoming resources (wtth an equivalent entry to resources expended). where the benefit to the charty is reasonably quantifiable, measurable, and material. The amount recorded is the estlmated value to the charity of the service orfaciiity received. The value ofvolunteer help received is not included in theaccounts. bLrt isdescrib8d in thetrustees, annual report. wheie materiaL Investment Income 1$ included in the SOFAwhen receivable. Expendlture Liabiir(ies are recognised as peIltUre as soon as there is a legal or constructlve obligation committlng the charity to that expenditure. it is probabl8 that a transfer of economic benefits will be required in settlement and the amount of th8 obligation can be rneasured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the c8tegory. Where costs cannot be directly attribLrt8d to particular headings they have b&en allocated to actlvities on a basis consistent with the use of resources. Tangible fix•d assets Fixed assets are Inltlally recorded 8t cost. and capitalised where cost &xceed$ £1 IXI and the asset 1$ expected to provide an economi¢ benefit beyY)nd one accounting period. Fixed assets (othor than th03e held for investment pUOseS). are shown after making d8duction3 for accumulated depreciation and impairment provisions. Residual values are assessed at the 8nd of each accounting period. and assets ale revIev1 on an annual basis for any indicators of impaim)ent. contlnued...
21 ACCOUNTING POUCIES- contlnued Tangible fixod assets Depreciation is calculated 80 as to write off the cost of an asset (less its estimated residual value), over the us8ful econornic lifè of the 88seL No depreciation is Charged in the year of disposal. The r8tes used were as foUows:_ • Leasehold property- equal instalments overthe period of the lease. Motor vehicle - 25% reducing balance. • Plant and machinery- 20% straight line. Computerequipment- 33% straight line. Stocks Stock$ are valued at the lower of cost and n8t realisable value. after maklng due allowance for obsolete and slow movingitems. Purchased stock is valued at cost. after making due aLlNanCe for obsolete and slow-moving items. Cost 1$ calculated Lssing the fjrst-in. first-out basis of valuation. Donated stock is grouped according to product type. and valued at an estimate of the average unit cost that would have been incurred by the organisation if r( had purchased those goods itsell. Taxatlon Th8 charity is exemptfrom corporation tax on its charitable acttwties. Fund accoUnn8 Unrestrict funds can be used in 8ccordance with the charltable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the ¢)bjects of the charity. Re8triction$ arise when specilied bythe donor or when funds are raised for partbcular restricted purpos8S. Funher explanation of the nature and purpose of each fund is included in the notes to thè financial statements. Loasing ¢ommltment$ Rentals paid LTrnder operating leases 8re charged to the Statement of Financial Activtiies on a stiaight line basls over the period of the lease. Penslon costs and othar post-rettrement ben8fft8 The charitable company operates a defined contribution penslon scheme. Contributions payable to the charitable company's penslon scheme are charged to the Statement of Financial Actlvltles in the perlod to which they relate. Debtors Trade and other debtors are recogni5ed at the settlement amount due after any trade discount offered. Prepayments arevalued atthe amount prepaid net ofanytrade dis¢ounts due. Cash at bankand In hand Cash at bankandcash in hand includesc8sh and shorttem highlyliquidinvestrnentswtth a 5hortmaturty of three months or less from the date of acquisition or opening of the deposit or similar account. Crodltor8 and provlslons Creditors and provision$ are recognised where the charity h8$ 8 preseni obligation resulting from a past event that 11 probably result in the iransfer of funds to a third p8rty and the amouni due to settle the obligation can be meagured orestimated reliably. Creditors 8nd provisions ale normally recognised attheir settlement amount 8fter allowing for any trade discounts due. Contin0...
22 OTHER TrADING ACTivrnES 31.12.24 31.12.23 Other income 350 INVESTMENT INCOME 31.12.24 31.12.23 Deposit account interest 10.517 6.692 NET INCOMEI{EXPENDmJRE) Net Income/{expenditure) is stated after charglnglicreditin. 31.12.24 31.12.23 Depreciation - owned assets Other operating le8SèS Independent examiners fees 3,927 10.931 1,870 4.067 17.535 1.764 TRUSTEES. REMUNEIIATION AND BENEFITS There wère no twstees. remuneration or other beneffts for the year ended 31 December 2024 nor for the yoar ended 31 December 2023. Trustees, expensés There were no trustees. expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. STAFF COSTS The average monthly number of employees duringthe year was as follows: 31.12.24 31.12.23 Averagé staff numbers No employees recelved emoluments in excess of £60.(NJO. Volunteers regularly Contribute towards the provision of the charitys food parcel servic& and the day-to (Jay administration otthe charity. but those costs are not included in these accounts. Remuneration for key m8n8gement forthe yeartotalied £32.50012023: É37.813). ccffitinued...
23 COMPARATIVES FOR THE STATEMEKf OF FINANCIAL ACTIVITIES Unrestricted fund Restricted tund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 285.446 285,446 Chailtabie actlvlties Emeigencyfood parcels 158.441 158,441 Investment income 6.692 6.692 Tot81 450.579 450,579 EXPENDITUREON Charltablo activities Emergency food parcel8 292,693 131 292,824 NET INCOMEI{EXPENDITURE) 157.886 {131} 157.755 RECONCILIATION OF FUNDS Total funds brought fOard 383.768 131 383,899 TOTAL FUNDS CARRIED FORWARD 541.654 541,654 TANGIBLE FIXED ASSErs Improvemerrt3 to property Plant 8nd machinery Motor vehicles CompLrter equipment Totals COST At 1 January2024 Additions 4.805 8.188 11.994 2.747 642 27.734 642 At 31 December 2024 4.805 8,188 11,994 3.389 28.376 DEPRECIATION At 1 January2024 Charge foryear 1.176 240 5,170 1.637 7,171 1.2 1.486 15.003 3.927 At 31 December 2024 1.416 6.807 8.377 2.330 18.930 NET BOOKVALUE At31 Decemb8r2024 3,389 1.381 3.617 1.059 9.446 At 31 December 2023 3.629 3.018 4.823 1,261 12,731 continued...
STOCKS 31.12.24 31.12.23 Finished goods 35.185 44.481 10. DEBTORS: AMouKfs FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Other debtors Prepayments and accrued income 12.785 7.233 5,715 1.214 20.018 6,929 11. CREDITORS: AMOUNTS FALLING DUEWITHIN ONE YEAR 31.12.24 31.12.23 Trade creditors Accruals and deferr1 income 319 2.144 302 1.915 2.463 2.217 12. LEASING AGREEMEI Minimum lease payments under non-canceliable operating leases fall due as follows: 31.12.24 31.12.23 Within oneyear 6.000 9,500 13. MOVEMENf IN FUNDS Net movement in funds At 31.12.24 At1.1.24 Unrestricted fund8 Generalfunds $41.654 105.768 647.422 TOTAL FUNDS 541.654 105.768 647.422 Net movement in funds. included in the above are as follows". Incoming resources Resources expended Movement in funds Unrestricted funds Generalfunds 407.036 1301.2681 105,768 TOTAL FUNDS 407.036 1301.2681 105,768 continued...
25 13. MOVEMENT IN FUNDS- contlnued Comparatlv•s lor movement In funds Net movement in funds At 31.12.23 At1.1.23 Unro$tri¢tsd fvnd8 General funds 383,768 1 57.886 541,654 Rostricted funds Restricted lunds 131 1131) TOTAL FUNDS 383.899 157.755 541.654 Comparative net movement in funds. included in the abthie are as follows: Incoming resources Resources experKJed Movement in funds Unro8trlctod fundg Gen8r8lfund8 450.579 1292,6931 157,886 Restricted funds Restricted funds {131) {131) TOTAL FUNDS 450.579 {292.824) 157.755 1& EMPLOYEE BENEFITOBUGATIONS During the year, the chartty operated a defined contribution scheme for Its officers and employees. The cost for theyear Irecognised in the SOFAI was £1,181 {2023: £1.727I. The outstsrKlingcontributions at the balanc8 sheet date amounted to £Nil {2023: £Nill. 15. RELATED PARTY DISCLOSURES There were no related partytransactlons tthe year erKled 31 December 2024.