**Charity Registration No. 1177306** ## **GLOSSOPDALE FOODBANK** ## **REPORT AND ACCOUNTS** **YEAR ENDED 31[ST] MARCH 2024** ## **GLOSSOPDALE FOODBANK** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|John Charles Bishop| |---|---| ||Godfrey Claf| ||Susan Margaret Foster| ||Angela Carol Grills| ||Jean Hobson| ||Stella Margaret Hutchinson| ||Stephen Robert Kimber| ||Graham Oakley| ||Paul Rucki| ||Daniel Oliver McLaughlin| ||Sheila Ann Yamin| ||Annie Hopley| |**Treasurer**|John Charles Bishop| |**Charity number**|1177306| |**Address**|Bank House| |22 Henry Street|22Henry Street| ||Glossop| ||Derbyshire| ||SK13 8BW| |**Phone**|07811 684282| |**Manager**|Liz Kearslake| |**Email address**|| ||liz.glossopdalefoodbank.org.uk| |**Web address**|| ||www.glossopdalefoodbank.org.uk| |**Independent examiner**|Martn C Galvin FCA| ||27A Hague Street| ||Glossop| ||Derbyshire| ||SK13 8NR| |**Bankers**|Cooperatve Bank| ||Skelmersdale| ||WN8 6WT| ## **GLOSSOPDALE FOODBANK** ## **CONTENTS** ||
**Page**| |---|---| |Trustees’ report|1 – 6| |Independent accountants’ report|7| |Statement of fnancial actvites|8| |Balance sheet|9| |Notes to the accounts|10-15| ## **GLOSSOPDALE FOODBANK** ## **TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024** The Trustees present their report and accounts for the year ended 31 March 2024. The accounts have been prepared in accordance with accounting policies set out in note 1 to the accounts and comply with the requirements of the Charities Act. ## **Structure, Governance and Management** The charity is constituted as a Charitable Incorporated Organisation (CIO) in England & Wales. The governing document of the charity is the constitution of the CIO as approved by the Charity Commission in England & Wales (CCEW). There are no restrictions in the governing documents on the operation of the Charity or its investment powers other than those imposed by Charity Law. The trustees who served during the year, were: John Charles Bishop Godfrey Claff Susan Margaret Foster Angela Carol Grills Jean Hobson Stella Margaret Hutchinson Stephen Robert Kimber Graham \ Oakley Paul Rucki Daniel Oliver McLaughlin Sheila Ann Yamin Annie Hopley There were no changes to the trustees during the year. ## **Constitution and Objects** The charity is a Charitable Incorporated Organisation (CIO) in England & Wales and was registered with the Charity Commission on 28[th] February 2018. The object of the CIO, as described in our constitution, is the relief of poverty of residents in the Borough of High Peak and neighbouring areas through actions including, but not limited to, the provision of food parcels and information about other relevant services. We keep our aims, objectives and activities under constant review through monthly Trustee meetings. This report looks at what we have achieved over the past 12 months. We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when setting our aim and objectives and in planning our future activities. In the continued difficult and challenging circumstances, we have regularly assessed our approach and methods of operation. This to ensure we continue to fulfil our objectives, whilst safeguarding our volunteers. 1 ## **GLOSSOPDALE FOODBANK** ## **Our activities during the year** We aim to meet the needs of those who live in the Glossopdale area who are experiencing food poverty, respecting their dignity and giving them opportunities to solve their financial difficulties for the longer term. The home delivery service was reviewed, and it was decided to continue the service, although the number of parcels is now a very small proportion of the total. There have been changes to distribution points and their opening times – we now operate predominantly out of 2 children’s centres, in Glossop and Hadfield. We have adapted our approach accordingly, to ensure all requests for food parcels were met. ## **Provision of Food to People in Crisis** The demand for emergency food in Glossopdale during 2023-24 was slightly lower than the previous year, which was the highest recorded. During this period, Glossopdale Foodbank distributed 2,827 emergency food parcels which provided approximately 62,000 meals. Some 2/3rds of parcels are family & large family size, the remainder singles. Partnerships with Children’s services and Citizen’s Advice have continued. Job Centre Plus signposts to the Foodbank for people in need. We worked closely with The Bureau in Glossop, P3 homeless charity, Hummingbirds Adult Services, Mental Health Trusts and many other support agencies. The Trustees assessed the Foodbank’s resources in the wider context of food poverty in the local area. They decided to spend some of its reserves in support of other organisations and food projects. In particular, Gamesley Pantry, Whitfield Foodclub and Hadfield Coming Together. This support was a deliberate extension of Glossopdale Foodbank’s normal activities, but within its overall objectives, and on a one-off basis. It was greatly appreciated and helped substantially with the relief of food poverty. The Foodbank received a grant of £10,000 from the National Lottery. The sum was restricted in nature and had to be applied to people who would not ordinarily receive food support from Glossopdale Foodbank. Having been made aware of families of schoolchildren struggling to afford weekly food bills, the Trustees decided to approach all local schools to see if the Foodbank could offer support. A voucher scheme was proposed whereby the Foodbank would provide Aldi vouchers, and schools would distribute these on a confidential basis to the families known to be in need. 12 Schools welcomed this approach and some £13,500 worth of vouchers provided. Although recognized as a onetime program, it was most positively received, and especially welcome over the Christmas period. The ‘no cook’ voucher scheme introduced the previous year, was continued and extended. This typically applied to people in bed and breakfast accommodation or homeless with no cooking facilities, to enable them to shop for hot food at Greggs and at Aldi. The Foodbank has no regular grant aid, It exists almost entirely on the donations of finance and food from the local community, whose support continues to be remarkably. There have been many various donations and fund raising events from local businesses, social organisations, churches and schools during 2023/24. It is difficult to name all, as there are over 20, and unfair to highlight any in particular. However, the level of support has been and continues to be outstanding. In addition, the response from local individuals has been remarkable. Generous donations, ranging in amounts from £5 to over £1,000 per donation, have been received from many members of the Glossopdale Community. Indeed, there were donations of £1,000 and over from 12 individuals. There were concerns that the level of giving would tail off as a 2 ## **GLOSSOPDALE FOODBANK** consequence of increases to the cost of living. However, these fears did not materialize noticeably, and donations remained at the same level as the previous year. This enabled the provision to continue its main operation of providing food parcels. However, at the same time, there was a reduction by approximately 10% in the quantity of food donations. This, allied to increases in food prices, resulted in the Foodbank spending some £13,000 more on food than in 2022/23. The added expenditure on food, and the substantial support to other organisations, resulted in a deficit of almost £20,000. The Trustees consider this an acceptable use of its surplus reserves in line with its constitution and objectives, albeit on an exceptional basis. We are grateful to Derbyshire County Council who provide rent-free premises for us to store and pack food. However, in the months after the end of the financial year, Glossopdale Foodbank has been given notice that the arrangement will no longer continue, and that a full commercial rent will be payable. Food collection points are in position in Tesco’s Glossop, Marks and Spencer Glossop, Glossop Wholefoods, Bradbury House, Whitfield House, Simmondley Co-op, Hadfield Library and Glossop Leisure Centre. Our collection basket in Tesco is now emptied five times a week. Overall, our public profile has been raised in several ways - regular press bulletins, via Facebook and Glossopdale Foodbank website. The support from the Glossopdale community has been and continues to be, outstanding. ## **Foodbank Plus; Helping to Move People On** Glossopdale Foodbank is now into its seventh year of partnership with Citizens Advice through our joint project, Foodbank Plus. This year it continues using the Foodbank’s own financial resources. A substantial number of food bank recipients consented to being contacted by the link Citizen’s Advice Advisor. This joint partnership was able to considerably help a significant number of Foodbank clients with mainly benefit and debt issues. The project helped recover and maximise income for these clients as well as successfully apply for grants for replacement household items. This is a significant indicator of the worth of the partnership. Low income remains the chief reason behind applications to the Foodbank, together with timing difficulties before Universal Credit is applied. For 2023/24 the increase in the cost of living continues to have been a major factor. We have ongoing, strong links with The Bureau in Glossop, and High Peak Borough agencies ## **Planning for the future** We aim to continue the work of the charity, whilst not losing sight of its value as a local service. Forward planning has placed the Foodbank in a good position to respond to increased numbers of requests for parcels, and variations in their contents. The committee has been mindful that demand for parcels, although slightly reduced from 2022/23 was nevertheless at a high level. Throughout the year, donations continued at substantial levels, from businesses, local organisations and individuals. This meant we were able to continue to satisfy every request for food parcels. 3 ## **GLOSSOPDALE FOODBANK** The decision by Derbyshire County Council to charge commercial rent on the lock up premises as from April 2024, will have a deep impact on the FoodBank. However ,rent will be on an increasing scale over 3 years until a full commercial rate is reached. The Trustees are satisfied and confident that it has sufficient resources and flexibility in the short term to maintain its current approach and operation. And also that they have time to assess needs and resources for the medium term. ## **The contribution of volunteers during the period.** Our service is provided by a team of some 60 volunteers who are local residents. A part time Coordinator has been employed for several years to marshal the activities of the volunteers, helped by a part time assistant all year. The regular, committed support from our team of volunteers has ensured that food collections, sorting and distribution have continued seamlessly, as we have adapted to changing external circumstances and needs.. Close monitoring of donations and expenditure throughout the year and a flexible strategy have ensured our continuing sustainability. ## **Fundraising activities during the period.** The continued level of giving has enabled the Foodbank to maintain its extended range of operation. At Christmas, once again we were able to improve the quality and range of food items, and supplement this with items such as toiletries and family games. This development was unexpected for recipients, and warmly received. By forward planning, we were able to do this without the need for extra temporary storage. We have promoted our work via the website and with regular features in the local paper. We also prepared leaflets which highlighted the range of circumstances in which food parcels could be requested. We were able to support a tombola at the Old Glossop Christmas Market again this year. With continued flexibility in our approach and forward planning, we can see a sustainable future for a number of years ahead. This notwithstanding the special heavy financial demands and implications from factors such as cost of living increases, potential reductions in the level of donations, and the need to pay a commercial rent for our premises. ## **Structure, governance and management of the charity.** The charity is governed by a Management Committee of Trustees which meets monthly. The Foodbank has 3 committees and sub-groups : The Trustees Committee has overall responsibility for all foodbank matters. It meets monthly. This main committee is supplemented by an Events Committee, which plans and runs promotional and fund-raising events, plus a Development Group, which considers and proposes options for the development of the service. All committee members and volunteers are enrolled as members. Our constitution governs the election process for trustees from our membership. The Charity employs a Coordinator and assistant whose roles are to organise and support our volunteers and carry out administrative duties. The trustees have had regard to the Charity Commission's guidance on public benefit in managing its activities. **Financial Review** 4 ## **GLOSSOPDALE FOODBANK** The financial position of the charity at 31[st] March 2024 and comparatives for the prior year, as more fully detailed in the accounts, can be summarised as follows: |||**2024**|**2023**| |---|---|---|---| ||**£**||**£**| |**Net income**||(19,733)|7,861| |Unrestricted revenue reserves available for general use||103,618|123,351| |Restricted revenue funds||-|-| The charity’s income for the year was £139,388 _(2023 £128,024)_ and expenses were £159,121 _(2023 £120,163)_ leaving an operating shortfall of £19,733 _(2023 operating surplus £7,861)._ The trustees consider the financial performance of the charity during the year to be satisfactory. The Trustees are satisfied that the charity’s assets in each fund are available and adequate to fulfil its obligations. ## **Policies on reserves.** The following policy was approved by Trustees, 9th November 2020: Foodbank income relies exclusively on donations from the local community. If income did fall it would not be equivalent to the removal of a significant sum of grant aid but much more a decline over a period of time as donations decreased and expenditure remained stable or increased. Quite quickly though, expenditure could outstrip income. Over a two to three-year period the Foodbank would quickly become unviable. Given the unlikelihood of any finance from either DCC or HPBC, this loss of income would take time to replace. Following the end of the Big Lottery funding it took two years for the Foodbank to achieve sustainability on an annual expenditure of £22,000. It would therefore be prudent for reserves to reflect a three-year deterioration in donations with the same period required to regenerate the necessary income. The Foodbank should therefore anticipate an increase in expenditure over income and set itself a target of a reserve fund to mitigate this. An average loss of £20,000 - £25,000 for each of the years of income-decline would not be difficult to anticipate. The Foodbank should therefore set itself the target of covering that extent of decline and seek to have a reserve of £70,000. Review of this Policy - this policy should be reviewed, and amended in light of changing circumstances, every twelve months. The policy was reviewed in the year against the background of continued uncertainty and bearing in mind the charity’s financial position. It was confirmed as appropriate. However, the Management Committee remained mindful that it does not wish to build up increased, substantial reserves. Therefore, it continued to look at ways to extend the food provision. In the year to March 2024, the foodbank gave financial support to other local food-based initiatives e.g. Whitfield Foodclub, and Hadfield Coming Together (formerly Bellies not Bins) supporting local schools via vouchers. 5 ## **GLOSSOPDALE FOODBANK** ## **Statement of Trustees’ Responsibilities** The trustees are responsible for preparing the Trustees’ Annual Report and accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Charity law requires the Trustees to prepare accounts for each financial year. Trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these accounts the Trustees are required to:- - To prepare accounts in accordance with United Kingdom Generally Accepted Accounting Practice - select suitable accounting policies and apply them consistently. - make judgements that are reasonable and prudent; - state whether UK accounting standards have been followed, subject to any departures disclosed and explained in the accounts; and - prepare the accounts on a going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and disseminator of accounts may differ from legislation in other jurisdictions. The Trustees are responsible for maintaining proper accounting records which disclose at anytime the financial position of the charitable company (CIO)and to enable them to ensure that the accounts comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charitable company (CIO) and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 6 GLOSSOPDALE FOODBANK **GLOSSOPDALE FOODBANK** ## **INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS ON THE UNAUDITED ACCOUNTS OF GLOSSOPDALE FOODBANK** I report on the accounts of the Charity for the year ended 31 March 2024 which are set out on pages 8 to 15. The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under Section 144(1) of the Charities Act 2011, (the 2011 Act) and have elected for independent examination. I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that, in any material respect: - accounting records were not kept in accordance with section 130 of the Charities Act 2011; or - the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. ## **Martin C Galvin FCA** Chartered accountant 27A Hague Street’ Glossop Derbyshire SK13 8NR Dated: 14[th] October 2024 8 ## **GLOSSOPDALE FOODBANK** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 MARCH 2024** ## **Incoming resources** |**Incoming resources**|||||| |---|---|---|---|---|---| |||**2024**|**2024**|**2024**|**2023**| |**Note**||**£**|**£**|**£**|**£**| |||**Unrestricted**|**Restricted**|**Total funds**|**Prior year**| |||**funds**|**funds**||**funds**| |||**£**|**£**|**£**|**£**| |Donatons and legacies|2|125,505||125,505|125,905| |Charitable actvites|3|1,150|10,750|11,900|1,000| |Other trading actvites|4|504||504|870| |Investment income|5|1,479||1,479|249| |**Total**||**128,638**|**10,750**|**139,388**|**128,024**| |**Resources expended**|||||| |**Expenditure on:**|||||| |Charitable actvites|6|147,871|10,750|158,621|119,688| |Other|6|500||500|475| |**_Total_**||**148,371**|**10,750**|**159,121**|**120,163**| |**Net income/(expenditure)**||**(19,733)**|**-**|**(19,733)**|**7,861**| |**Net movement in funds**||**(19,733)**|**-**|**(19,733)**|**7,861**| |**Reconciliaton of funds:**|||||| |Total funds brought forward||123,351|-|123,351|115,490| |**Total funds carried forward**||**103,618**|**-**|**103,618**|**123,351**| 9 ## **GLOSSOPDALE FOODBANK** ## **BALANCE SHEET AS AT 31 MARCH 2023** ||||**2024**||**2023**| |---|---|---|---|---|---| ||**Note**||**£**||**£**| |**Current assets**|||||| |Investments|10|57,202||70,723|| |Debtors|12|3,900||0|| |Cash at hand and in bank||43,016|104,118|53,103|123,826| |Current liabilites|||||| |Accruals|13||(500)||(475)| ||||**103,618**||**123,351**| |**Charity Funds**|||||| |Unrestricted reserves|11,14||103,618||123,351| |**Total Charity Funds**|||**103,618**||**123,351**| The accounts were approved by the trustees on 14[th] October 2024 Godfrey Claff – Chair and trustee 10 **GLOSSOPDALE FOODBANK Notes to the accounts – Year ended 31[st] March 2024** ## **1 Accounting policies** ## **1.1 Basis of preparation** The accounts are prepared under the historical cost convention, unless otherwise stated. Having considered future planned activities and the reserves available to the charity, the trustees are satisfied that the financial statements should be prepared on the going concern basis. ## **1.2 Incoming resources** Gross income represents the value of all grants, donations and fundraising activities which is included in full when received. Gift Aid income due but not received has been accrued. Investment income relates to bank interest which is recorded when credited to the accounts. Revenue grants are recognised on receipt, subject to any required conditions being met or services provided. ## **1.3. Donated Goods** Food is donated by the public is held in stock awaiting distribution to beneficiaries. The amount estimated for the year to 31[st] March 2024 was £37,580 _(2023: £41,780)_ and this has been accounted as income (note 2) and the benefit to the beneficiaries is accounted for as food expenditure (note 6). The reduction in comparison with 2022/23 was due to a tailing off in donations in the last quarter of 2023/24, in turn caused by cost of living concerns and a temporary relocation of food baskets in Tesco. This estimation is made on the supermarket value of standard food parcels. The Foodbank buys additional items to meet any shortfall in donations towards the parcels. During the year, extra items were added to the standard food parcel a) on a general basis (such as toilet paper) and b) according to circumstance (such as toiletries and special dietary needs) At Christmas additional parcels were provided including small gifts. Many of these items were donated by the public. The Foodbank estimates the value of these specific donations offsets any shortfall in the standard parcel. ## **1.4 Resources expended** All revenue expenditure is recognised when paid. Accruals are made of any known liabilities. ## 1.7 **Fund Accounting** Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law. There are no endowment funds ## 1.8 **Taxation** As a registered charity, the activities are exempt from United Kingdom Income and Corporation taxation, provided that the income is applied to charitable purposes. 10 ## **GLOSSOPDALE FOODBANK Notes to the accounts – Year ended 31[st] March 2024 (cont.)** ## 1.9 **Winding up or dissolution of the charity** If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity. ## 2. **Income from Donations and legacies** ||**2024**|**2024**|**2024**|**2023**| |---|---|---|---|---| ||**£**|**£**|**£**|**£**| ||**Unrestricted**
|**Restricted**
|**Total**
|**Total**| |**Donatons**||||| |Donatons from individuals|38,726||38,726|46,022| |Gif Aid|9,700||9,700|3,214| |**Donatons from organisatons**||||| |Local Giving|34,358||34,358|30,699| |Walker Safety Ltd|1,200||1,200|1,000| |Central Methodist Church|250||250|1,250| |Country Homes|575||575|600| |Flair Foundaton|600||600|-| |Glossop Car Enthusiasts|850||850|500| |Round Table|500||500|500| |Others (under £500)|1,166||1,166|340| |Value of food donated by public|37,580||37,580|41,780| |**Total**|**125,505**|**-**|**125,505**|**125,905**| |3.
**Income from Charitable actvites**||||| ||**2024**|**2024**|**2024**|**2023**| ||**£**|**£**|**£**|**£**| ||**Unrestricted**|**Restricted**|**Total**|**Total**| |**Grants - Government & public bodies**||||| |Natonal Lotery||10,000|10,000|-| |High Peak Borough Council|1,150|-|1,150|1,000| |**Grants - non public bodies**||||| |Hummingbird Project||500|500|-| |Others under £500||250|250|-| |**Total**|**1,150**|**10,750**|**11,900**|**1,000**| 11 ## **GLOSSOPDALE FOODBANK Notes to the accounts – Year ended 31[st] March 2024 (cont.)** ## **4. Other trading activities** ||**2024**||**2024**|**2024**|**2023**| |---|---|---|---|---|---| ||**£**||**£**|**£**|**£**| ||**Unrestricted**||**Restricted**|**Total**|**Total**| |Fundraising|504|||504|870| |**5 Investment income**|||||| ||**2024**||**2024**|**2024**|**2023**| ||**£**||**£**|**£**|**£**| ||**Unrestricted**|**Restricted**||**Total**|**Total**| |Bank Interest|1,479||-|1,479|249| |**6. Expenditure**|||||| ||**2024**||**2024**|**2024**|**2023**| |**﷐**|**£**||**£**|**£**|**£**| |**Charitable actvites**|**Unrestricted**||**Restricted**|**Total**|**Total**| |Food & Supplies Purchased|37,006|||47,756|34,505| |Value of donated goods supplied to|37,580|||37,580|41,780| |benefciaries|||||| |Salary & Employer Costs|37,317|||37,317|30,693| |Lock up costs||899||899|683| |Insurance||602||602|702| |Payroll costs||226||226|331| |Web Site & Computng||576||576|1,197| |Rent, Ofce & Statonary costs|2,439|||2,439|2,377| |Sundry expenses||345||345|479| |Foodbank Plus|5,000|||5,000|5,000| |Volunteer costs||267||267|115| |Health & Safety|1,448|||1,448|858| |Fundraising||266||266|0| |Grants made during the year**(note 7)**|13,150||10,750|23,900|968| ||**147,871**||**10,750**|**158,621**|**119,688**| |**Other costs**|||||| |Independent Examiner fees||500||500|475| ||**148,371**||**10,750**|**159,121**|**120,163**| - **5 Investment income** ## **6. Expenditure** 12 ## **GLOSSOPDALE FOODBANK Notes to the accounts – Year ended 31[st] March 2024 (cont.)** ## **7. Grants made during the year** |**Grants made during the year**|||||| |---|---|---|---|---|---| ||**2024**|**2024**|**2024**|**2023**|| ||**Unrestricted**|**Restricted**|**Total**|**Total**|| ||**funds**|**funds**|||| ||£|£|£||| |Grants to individuals:|||||| |Food vouchers to families|3,390|10,750|14,140||968| |Grants to insttutons:|||||| |Gamesley Pantry|4,500|-|4,500||-| |Whitield Food Club|2,200|-|2,200||-| |BNB|2,012|-|2,012||-| |Summer School|1,048|-|1,048||-| ||**13,150**|**10,750**|**23,900**||**968**| ## **8 Trustees** None of the trustees (or any persons connected with them) received any remuneration or was paid expenses in the year (2023: None). We can confirm that there are no other related party transactions that require disclosure in the financial statements. ||9.**Employees**|**2024**|2023| |---|---|---|---| |||**£**|£| ||Employment costs - wages and salaries|37,317|30,693| ||Number of employees|1|0.75| |There were no employees whose annual emoluments were £60,000 or more.|||| |**10**.|**Investments held as current assets**||| |||**2024**|**2023**| |Cash|on deposit - 1 year fxed term to Jan 2025|20,806|20,482| |Cash|on deposit - 2 withdrawals in 12 months (up to £20,000)|36,396|50,241| |to Jan|2025||| |||**57,202**|**70,723**| 13 ## **GLOSSOPDALE FOODBANK Notes to the accounts – Year ended 31[st] March 2024 (cont.)** ## **11. Particulars of how funds are represented by assets and liabilities** ||**March 2024**|**Unrestricted**|**Restricted**|**Total**| |---|---|---|---|---| |||**funds**|**funds**|| |||£|£|£| ||Current assets|104,118||104,118| ||Current Liabilites|(500)|-|(500)| |||**103,618**|-|**103,618**| ||**March 2023**|||| ||Current assets|123,826|-|123,826| ||Current Liabilites|(475)|-|(475)| |||**123,351**|**-**|**123,351**| |**12.**|**Debtors**|**2024**||**2023**| |||**£**||£| ||Gif Aid refund accrued|3,900||-| |**13.**|**Creditors**|**2024**||**2023**| |||**£**||£| ||Accruals|500||475| 14 ## **GLOSSOPDALE FOODBANK** ## **Notes to the accounts – Year ended 31[st] March 2024 (cont.)** **14 Movement in funds during the year** ||**Balances**|**Income**|**Expenditure**|**Transfers**|**Balances**| |---|---|---|---|---|---| ||**brought**||||**carried**| ||**forward**||||**forward**| ||£|£|£|£|£| |**Unrestricted funds**|||||| |Unrestricted revenue funds|123,351|128,638|(148,371)||103,618| |**Restricted funds**|||||| |**Restricted revenue funds**|||||| |Natonal Lotery||10,000|(10,000)||-| |Hummingbird Project||500|(500)||-| |Others under £500||250|(250)||-| |**Total restricted funds**|**-**|**10,750**|**(10,750)**||**-**| |**Total funds**|**123,351**|**139,388**|**159,121**|**-**|**103,618**| ## **Purpose of funds** Unrestricted funds are used for meeting the objectives of the charity and are free from restrictions on their use. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law. 15