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← Shrewsbury Food Hub

2025-03-31-accounts

REGISTERED COMPANY NUMBER: CE009610 (England and Wales)

Shrewsbury Food Hub Trustees Annual Report & Accounts For year ended 31 March 2025

www.shrewsburyfoodhub.org.uk

UK Charity No. 1171092

SHREWSBURY FOOD HUB

TABLE OF CONTENTS

Page
Reference and Administrative Details 1
Trustees' Report 2
Chair of Trustees introduction 2
Objectives and Activities 3
Activities and Impact 3
Financial Review 5
Future Plans 6
Structure, Governance and Management 6
Independent Examiner's Report 8
Statement of Financial Activities 9
Statement of Financial Position 10
Notes to the Financial Statements 11 to 18

SHREWSBURY FOOD HUB

ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025

Trustees Mr A Howe, Chair (until 01.12.24) Ms E Musgrove (resigned 16.7.25) Ms S Jackaman Mr M Paul Mr P Nolan, Treasurer (from 16.10.24) Ms D Welch (resigned 10.10.25) Mr M Owen Ms C Graham, Company Secretary Ms J Powell, Chair (from 01.12.24) Mr M Haddaway (deceased 25.8.25) Ms K Hudson Ms A Thomas (resigned 31.12.24) Ms J Currey (Treasurer, resigned 16.10.24) Registered Office The Roy Fletcher Centre Cross Hill Shrewsbury, SY1 1JE Registered Company No CE009610 (England and Wales) Registered Charity No 1171092 Independent Examiner TCA (Shrewsbury) LLP Third Floor 21 St Mary's Street Shrewsbury Shropshire, SY1 1ED

Page 1

SHREWSBURY FOOD HUB

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025

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 March 2025. 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).

CHAIR OF TRUSTEES INTRODUCTION

2024-2025 has been another year of achievement and growth. We are incredibly proud of what we have accomplished and would like to thank our 200+ volunteers, staff, trustees, donors, suppliers and community partners. Without your dedication and support, none of this would be possible.

As we continue to face the challenges of climate change and the ongoing cost of living crisis, our role within the community is more vital than ever. This year, we rescued 250 tonnes of surplus food, sharing it with over 90 community groups and 14 weekly food shares all helping to prevent 655 tonnes of CO2 from entering the atmosphere. Our Community Kitchen continues to thrive, working with groups spanning every generation to learn new skills, build confidence and create meaningful connections through surplus food.

Behind the scenes we continued to build organisational resilience, with new team members in fundraising and communications, an additional depot unit and new investment in IT infrastructure.

We were delighted to be awarded £304k over three years from the National Lottery Community Fund and are immensely proud of Tammy, our General Manager, and our co-founders, Ali Thomas and Katy Anderson, who all received awards in recognition of their services to our communities.

This year we extend our heartfelt thanks to Andrew Howe who remains a trustee but has stepped down as Chair, and Joy Currey our Treasurer who has retired from the Board. We also mourn the loss of Mike Haddaway, trustee, who passed away in August 2025. All have played an instrumental role in guiding the Shrewsbury Food Hub on its journey so far.

As we look ahead to our 10th anniversary , we are excited about celebrating this milestone with all our partners and supporters. Together we will continue to increase our impact, driven by our vision for a community where food is valued not wasted.

Jo Powell, Chairman of Trustees

Page 2

SHREWSBURY FOOD HUB

OBJECTIVES AND ACTIVITIES

Our Vision and Mission:

Our Strategic Goals are:

As a volunteer-driven charity, we are dedicated to reducing food waste and supporting local communities. We collect surplus food from supermarkets, suppliers, local businesses and via our gleaning project and redistribute it to individuals, families, and community groups in need. By doing so, we help stretch budgets while also contributing to the protection of our planet.

Through our Community Kitchen project , the food hub works with partner groups and our chef to develop confidence in the kitchen - to bring people together to gain skills but more importantly to share food and time together.

ACTIVITIES AND IMPACT

Key Statistics

Page 3

SHREWSBURY FOOD HUB

Volunteers

It takes a well organised operation to collect, sort and redistribute such a high volume of food operating 362 days of the year. This is only possible thanks to the efforts of our army of over 200 volunteers. In 2024/25, they donated over 17,000 hours of time, equivalent to an incredible £208,000 at minimum wage.

Food Suppliers

We collect from all the major supermarkets and many other food retailers seven days a week. Food manufacturers, restaurants, cafes, and local farmers also make significant contributions. In total we received surplus food from 60 suppliers over the past 12 months.

Redistribution

There are two ways in which we repurpose surplus food:

We supplied over 90 local charities and community organisations ranging from before and after school clubs; youth groups; care homes; care leavers; health organisations; and charities including those that support the homeless and those contending with domestic abuse.

In partnership with local community spaces and groups, the Food Hub also supplied 14 Foodshares every week across 12 different locations in Shrewsbury and beyond. Everyone is welcome to fill a bag for a small donation. Foodshares also create spaces for people to connect and socialise.

Community Kitchen

Throughout 2024/25 our Community Kitchen sessions have equipped community groups across Shropshire with essential cooking skills using surplus food that would otherwise go to waste. Our 10 project partners include Shrewsbury Men’s Shed, Youth Groups and Shrewsbury Ark. The volunteer team has also produced a wide range of soups, sauces, pestos, tray bakes, pickles, chutneys, canapés, crumbles, and pies. This produce is distributed throughout the local community.

Page 4

SHREWSBURY FOOD HUB

Fundraising

fundraising team and volunteers raised an impressive £304,486 ( £307,694 less investment income of £3,208 ) from:

Thank-you to all our donors.

FINANCIAL REVIEW

During the year, the charity’s income increased by 30% to £307,694 (2024: £237,056) primarily due to increased funds from the National Lottery Reaching Communities Fund.

inflation and an increase in operational activities, with 17% more food being redistributed than in 2024.

Food redistribution expenditure includes office expenses, staff costs, rent and maintenance of our depot (including cold and freezer rooms), insurance, running costs for two vans in use seven days a week. This works out at approximately £1,000 per tonne redistributed or 42p a meal.

Costs associated with delivering the Community Kitchen project totalled £64,374.

A total of £47,113 was spent on fundraising producing a return on investment of £6 for every £1 spent. This impressive ratio will be challenging to maintain as we invest in growing our voluntary income.

fund balance of £140,115 and a balanced budget has been agreed for financial year 2025/26.

Reserves Policy

The Liquidity Reserve is in accordance with the trustees’ policy to maintain a contingency sum of money in reserve equivalent to at least 3 months outgoing payments. This is to enable the charity to respond to unforeseen events or unplanned expenses or to cover the costs of closure.

The total funds held at the year end 31 March 2025 were £146,161, of which £140,115 is unrestricted and £6,046 is restricted funds. The free reserves at the 31 March 2025 calculated as unrestricted funds, less designated funds, less unrestricted fixed assets is £37,309.

Page 5

SHREWSBURY FOOD HUB

Going Concern

The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from approving these financial statements. The budgeted income and expenditure are sufficient with the level of reserves for the charity to be able to continue for the foreseeable future. As a result, the charity's financial statements have been prepared on a going concern basis.

FUTURE PLANS

Over the period August to December, the Board, advisors and senior leadership team have been working on our new three-year strategy from 2026. Whilst not yet completed we are able to share the following key themes:

In order to achieve these, we will strengthen our staff team and make even greater use of the wide range of skills amongst our many volunteers.

[th] anniversary.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

Shrewsbury Food Hub is a Charitable Incorporated Organisation controlled by its Constitution as defined by the Charities Act 2011 and adopted on 17th November 2016.

Charity Structure

The average number of employees during 2024/25 was 12, a majority of whom were part-time, so the full-time equivalent (FTE) was 7.17. To manage increasing volumes and strengthen the team, a senior leadership team was confirmed, which comprises the General Manager, Redistribution Manager, Finance Officer and Projects Manager. On the date of this report Shrewsbury Food Hub has 11 employees (full and part-time), an equivalent of 7.63 FTE.

policies & procedures, cost recovery and premises. The Food Hub also benefits from experienced advisors in fundraising and strategy.

Page 6

SHREWSBURY FOOD HUB

We are a volunteer powered charity, with over 200 volunteers many of them long-standing. They are crucial to all activities: food redistribution, and community kitchen. Volunteers also help with gleaning, administration and social media.

Trustees Information

Trustees are invited to join the Board based on their skills and experience thus ensuring that we have the right mix of members able to meet the Charity’s needs.

There must be at least three trustees at all times. Trustees are appointed for a minimum term of three years by resolution of a meeting of the Board. Each trustee may be reappointed twice such that they serve no more than three consecutive terms of three years.

Trustees’ Responsibility Statement

The trustees (who are also the directors of Shrewsbury Food Hub for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

11/12/2025 Approved by order of the board of trustees on .......................................................and signed on its behalf by:

Ms J Powell – Trustee

Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHREWSBURY FOOD HUB Independent examiner's report to the trustees of Shrewsbury Food Hub ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act,) 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 accounts as carried out under Section 145 of the Charities Act 2011 I'the 2D11 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(S1 Ibl of the 2011 Act. Independent examinerfs statement Since your charity's gross income exceeded £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 the Institute of Chartered Accountants in England and Wales, which is one of the 5isted bodies. have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause lo 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 with the accounting requirements of Section 396 of the 2006 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 the accounts have not been prepared in accordance with the methods 8nd 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 RepubliG 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. C Moelwyn-williams Bsc FCA TCA Ishrewsburyl LLP Third Floor 21 Sl Mary's Street Shrewsbury Shropshire SY11ED Date. ..1.l*h..DtEA￿VKtrfj Z02S Page 8

SHREWSBURY FOOD HUB

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

INCOME AND ENDOWMENTS FROM
Notes
Unrestricted
funds
£
Donations and legacies
2
111,781
Charitable activities
Grant income received
4
105,550
Investment income
3
3,208
Total
220,539
EXPENDITURE ON
Raising funds
47,113
Charitable activities
Redistribution of food
162,953
Learning and partnership projects
-
Total
210,066
NET INCOME/(EXPENDITURE)
10,473
Transfers between funds
13
24,240
Net movement in funds
34,713
RECONCILIATION OF FUNDS
Total funds brought forward
105,402
TOTAL FUNDS CARRIED FORWARD
140,115		 Restricted
funds
£
8,179
78,976
-
87,155
-
31,173
64,374
95,547
(8,392)
(24,240)
(32,632)
38,678
6,046		 2025
Total
funds
£
119,960
184,526
3,208
307,694
47,113
194,126
64,374
305,613
2,081
-
2,081
144,080
146,161		 2024
Total
funds
£
162,355
72,527
2,174
237,056
32,054
195,326
25,018
252,398
(15,342)
-
(15,342)
159,422
144,080

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 9

SHREWSBURY FOOD HUB

STATEMENT OF FINANCIAL POSITION 31 MARCH 2025

2025 2024
Unrestricted Restricted Total Total
funds funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 9 16,306 - 16,306 9,546
CURRENT ASSETS
Debtors 10 29,578 - 29,578 15,467
Cash in hand 99,426 6,046 105,472 125,344
129,004 6,046 135,050 140,811
CREDITORS
Amounts falling due within one year 11 (5,195) - (5,195) (6,277)
NET CURRENT ASSETS 123,809 6,046 129,855 134,534
TOTAL ASSETS LESS CURRENT
LIABILITIES 140,115 6,046 146,161 144,080
NET ASSETS 140,115 6,046 146,161 144,080
FUNDS 13
Unrestricted funds 140,115 105,402
Restricted funds 6,046 38,678
TOTAL FUNDS 146,161 144,080

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 11/12/2025 . .......................................... and were signed on its behalf by:

............................................. Ms J Powell - Trustee

The notes form part of these financial statements

Page 10

SHREWSBURY FOOD HUB

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

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.

Grants from the government and other agencies have been included as 'Grants' in furtherance of the charity's objects.

Donated goods and services

Donated goods, services and facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity is probable and the economic benefit of can be measured reliably.

In accordance with the Charities SORP (FRS 102), the time of volunteers is not recognised in the accounts, but the trustees' annual report provides information about their contribution.

On receipt, donated assets, services and facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or assets of equivalent economic benefit in the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Page 11

continued...

SHREWSBURY FOOD HUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES - continued

Taxation

The charity is exempt from corporation 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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.

DONATIONS AND LEGACIES

Donations
Gift aid
Donated services and facilities		 2025
£
98,347
7,655
13,958
119,960		 2024
£
149,333
7,607
5,415
162,355

Donated Goods, Facilities and Services included within the above include:

Professional services
IT Support
Small items of equipment
Depot equipment
Operating Costs
Fundraising Costs		 2025
£
250
5,700
10
6,875
198
925
13,958		 2024
£
-
3,435
-
-
890
1,090
5,415

Page 12

continued...

SHREWSBURY FOOD HUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

3. INVESTMENT INCOME

4.

Interest receivable
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Grant income received
Grants received, included in the above, are as follows:
Local authority grants
Other grants received		 2025
£
3,208
2025
£
184,526
2025
£
78,376
106,150
184,526		 2024
£
2,174
2024
£
72,527		 2024
£
2,174
2024
£
72,527
-
72,527

Included within grant income above is funding received from Shropshire Council and Shrewsbury Town Council, grants received from local authorities during the year.

Apart from the annual Employment Allowance credit against Employers National Insurance, the charity has received no other financial assistance from the government in this financial period.

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025 2024
£ £
Depreciation - owned assets 12,968 10,635

6. TRUSTEES' REMUNERATION AND BENEFITS

The charity’s governing document provides that trustees may be paid for the supply of services, if trustees consider this to be in the best interest of the charity.

In the year ended 31 March 2025, Alison Thomas received £19,407 (2024: £6,021) to support the charity in its delivery of Learning and Partnership projects. Alison Thomas resigned as a Trustee on 31/12/2024.

Trustees' expenses

During the year, the charity reimbursed Trustees expenses of £206 (2024: £176) in connection with mileage incurred whilst performing charitable duties. £nil (2024: £196) was donated back to the charity.

Page 13

continued...

SHREWSBURY FOOD HUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

7. STAFF COSTS

2025
£
Wages and salaries
164,249
Social security costs
6,962
Other pension costs
8,462
179,673
The average monthly number of employees during the year was as follows:
2025
Charity Staff
12
No employees received emoluments in excess of £60,000.
The average number of full time equivalent employees during the year was 7.17.		 2024
£
147,195
5,558
8,685
161,438
2024
9

8.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
130,113
Charitable activities
Grant income received
23,419
Investment income
2,174
Total
155,706
EXPENDITURE ON
Raising funds
32,054
Charitable activities
Redistribution of food
161,895
Learning and partnership projects
-
Total
193,949
NET INCOME/(EXPENDITURE)
(38,243)
Transfers between funds
1,568
Net movement in funds
(36,675)
RECONCILIATION OF FUNDS
Total funds brought forward
142,077
TOTAL FUNDS CARRIED FORWARD
105,402		 Restricted
funds
£
32,242
49,108
-
81,350
-
33,431
25,018
58,449
22,901
(1,568)
21,333
17,345
38,678		 Total
funds
£
162,355
72,527
2,174
237,056
32,054
195,326
25,018
252,398
(15,342)
-
(15,342)
159,422
144,080

Page 14

continued...

SHREWSBURY FOOD HUB

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

9.
TANGIBLE FIXED ASSETS
Depot
COST
Equipment
£
At 1 April 2024
21,224
Additions
534
At 31 March 2025
21,758
DEPRECIATION
At 1 April 2024
17,881
Charge for year
2,926
At 31 March 2025
20,807
NET BOOK VALUE
At 31 March 2025
951
At 31 March 2024
3,343
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Accruals and deferred income		 Motor
Computer
vehicles
£
equipment
£
27,065
8,498
19,194
-
46,259
8,498
21,252
8,108
9,652
390
30,904
8,498
15,355
-
5,813
390
2025
£
25,376
4,202
29,578

2025
£
1,771
1,345
2,079
5,195		 Totals
£
56,787
19,728
76,515
47,241
12,968
60,209
16,306
9,546
2024
£
10,499
4,968
15,467
2024
£
3,333
964
1,980
6,277

12. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years		 2025
£
12,465
77,026
89,491		 2024
£
12,487
-
12,487

Page 15

continued...

SHREWSBURY FOOD HUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

13. MOVEMENT IN FUNDS

Unrestricted funds
At 1.4.24
£
General fund
40,402
Designated Funds
65,000
Restricted funds
105,402
Redistribution of Food
33,875
Learning and Partnership Projects
4,803
38,678
TOTAL FUNDS
144,080
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Redistribution of Food
Learning and Partnership Projects
TOTAL FUNDS
Comparatives for movement in funds
At 1.4.23
£
Unrestricted funds
General fund
80,539
Designated Funds
61,538
142,077
Restricted funds
Redistribution of Food
8,433
Learning and Partnership Projects
8,912
17,345
TOTAL FUNDS
159,422		 Net
movement
in funds
£
10,473
-
10,473
(3,589)
(4,803)
(8,392)
2,081
Incoming
resources
£
220,539
27,584
59,571
87,155
307,694
Net
movement
in funds
£
(38,243)
-
(38,243)
27,010
(4,109)
22,901
(15,342)		 Transfers
between
At
funds
£
31.3.25
£
2,740
53,615
21,500
86,500
24,240
140,115
(24,240)
6,046
-
-
(24,240)
6,046
-
146,161
Resources
Movement
expended
in funds
£
£
(210,066)
10,473
(31,173)
(3,589)
(64,374)
(4,803)
(95,547)
(8,392)
(305,613)
2,081
Transfers
between
At
funds
31.3.24
£
£
(1,894)
40,402
3,462
65,000
1,568
105,402
(1,568)
33,875
-
4,803
(1,568)
38,678
-
144,080

Page 16

continued...

SHREWSBURY FOOD HUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Redistribution of Food
Learning and Partnership Projects
TOTAL FUNDS		 Incoming
resources
£
155,706
60,441
20,909
81,350
237,056		 Resources
expended
£
Movement
in funds
£
(193,949)
(38,243)
(33,431)
27,010
(25,018)
(4,109)
(58,449)
22,901
(252,398)
(15,342)

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.4.23 in funds funds 31.3.25
£ £ £ £
Unrestricted funds
General fund 80,539 (27,770) 846 53,615
Designated Funds 61,538 - 24,962 86,500
142,077 (27,770) 25,808 140,115
Restricted funds
Redistribution of Food 8,433 23,421 (25,808) 6,046
Learning and Partnership Projects 8,912 (8,912) - -
17,345 14,509 (25,808) 6,046
TOTAL FUNDS 159,422 (13,261) - 146,161

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Redistribution of Food
Learning and Partnership Projects
TOTAL FUNDS		 Incoming
resources
£
376,245
88,025
80,480
168,505
544,750		 Resources
expended
£
Movement
in funds
£
(404,015)
(27,770)
(64,604)
23,421
(89,392)
(8,912)
(153,996)
14,509
(558,011)
(13,261)

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continued...

SHREWSBURY FOOD HUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

13. MOVEMENT IN FUNDS - continued

Unrestricted funds

Unrestricted funds are the free funds of the charity to use at the discretion of the trustees in the furtherance of the charity's objectives. Unrestricted funds may include designated funds where the trustees, at their discretion, have created a fund for a specific purpose. The General Fund also includes the fixed assets of the charity.

Reserves Policy

The Liquidity Reserve is in accordance with the trustees' policy to maintain a contingency sum of money in reserve equivalent to at least 3 months outgoing payments. This is to enable the charity to respond to unforeseen events or unplanned expenses or to cover the costs of closure.

The trustees have designated the following reserve of funds to support the charity's continued operation:

£ Liquidity Reserve - 3 months operating costs 86,500

The "free reserves" of the charity as at 31 March 2025 after allowing for fixed assets of £16,306 and designated funds of £86,500, total £37,309 (2024: £30,856).

Restricted funds

Restricted funds are maintained in accordance with the restrictions placed by the donor upon funds donated or by the specific aims of fundraising appeals of the charity.

Food Redistribution - restricted funds for redistribution activities are donations received to support and expand the collection of surplus food. They mainly relate to donations received for the purchase of a second vehicle and depot equipment and to fund part of the running costs of the depot.

Learning and Partnership - restricted funds for the delivery of specific projects, in addition to Food Redistribution activities and relate to the continuation of the community kitchen activities of the Food Hub. The Learning and Partnership fund was spent in full in the year ended 31 March 2025.

14.

EMPLOYEE BENEFIT OBLIGATIONS

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable by the charitable company to the fund and amounted to £8,461 (2024: £8,685). Contributions totalling £1,345 (2024: £963) were payable to the fund at the balance sheet date.

15. RELATED PARTY DISCLOSURES

During the year, the charity received donations from it's Trustees totalling £768 (2024:£798).

During the year, £225 was paid to Jackaman Ltd for the supply of food safety courses. S Jackaman, Trustee, is a director of Jackaman Ltd.

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