COMMUNITY NEEDS FOUIqDATIOIq REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CHARITY NO: 1178347
Commutiity Needs Foundation Financi#l $tAtements for th¢ yeaT ended 31 MArclk 202S Contents Legal AdrnirLStrativc Information Report of the Tnjstee Staternent of Trustee3' Re8pon8ibilities Accountants Rewrt Statemcnt of FinEcIal A¢tivitie5 Balanie Sheet Note3 to the Accounts
Communlty Need5 Poundatlon Fintttt¢lal statemeots for the year ded 31 M¥4rch 2025 Adthknlstratlve Informatlo Ch•rity Nthie.. Comznunity N¢cds Foundatson Charlty Reglstration Nutrdber: 1178347 Re%iBteted Offi¢¢ Addreas: IOS New]n8rsh Road, Iklndon, SE?8 8TA Tru¥tee8: Babatundt A Oyelaki Cowlfort R Agbenla Tonia T Oyene}'e Aeeountant.. 678 ConAuli Limited 100 Lincoln Rotsd grith Kent DA8 2DT B*ftkèr8: Metro Bank One Southampton Row ndon WCIB SHA P8ge I
Comthunlty Needs Found&tlott Rport of the tru¥ttty for the year ended ai March 2025 Tbe Èlurity'% grea ofoperatioD UK eharitable r¢gl$ts&tlon Commullity Needs Foundation ICNFI is a Chrisuan registered ChArity based in Royal Borough of CTreenwth, ro address rydespread hunger thIEl the community. The eharity is registered with the Charity Comrnission irt Eng18nd & Wale$ ICCEWI with the chariry number 1178347. L¢gal struetthrt oCth¢ charlty The eharsty 18 consritured as a eh&ritable incorporated organisation ICIOI foundation registered on Ilth May 2018. All the trusiees are individuals. Th¢ trustee8 In olts¢¢ on the date the treptirt was approved The tru&tees in offLC¢ on the date the report was approved as $hown on page l. following perooDA TYa a8 trn8te¢o duTillK the y•ar end¢d 31 Mwr¢h 2025 The tnisiees Evho seTved IW8tees in the reporting period. are as shown on page l. Our Aims and Objectlves The. principal activities of thc charity &re proRsion$ of reknef to tILose in need anywheTe in the world by Te&son of youth. age, ill-htaith, djsability, or soci¥J or economic disadvanrage in partir.ular but not excluEivc by ttsrdinating 2nd developinx senTices such as, the provision of bedding, lood. clothing aTTrd %uch other serviees for th0 in need as thc trustCCS Tnay deter¢nine. A¢tlvltiei undertaken durthg the y•aT to furth¢T the clxatSty'$ pllrp06e for th• pubile beDellt During rhe year under review. the charity tatered for the needs of the vunerE4ble IhTLTrugh pr¢Jvision of lood suppliets and prowsion5. We were also able to provide reliefto thosc individuals WELO were also oul of pocket becausc they had lost their jobs and the prevailing high cost of living crisjs. Also during Chnsttnas, thc e.harity Ifoodbankl distributed patkages of food and provi$iall9 to the needy and vulnerable in the coJntnUDity. Pagc 2
CommUty Need• FouttdAtio Report of the trustee6 for the year ended 31 MAreh 2025 Tbe eharity's atsategles for achicvimg Its and obJ¢etlveB In the fut . Continue to WOTk with our partners to $tsut¢e for fvnding and donations for our work wittL the community b. CollaboraLe with other charities that have the Same aims and objectives to cnhance ¥ervi¢e delivery to the comrnunity. Conrinue to re&ch out to as niany indidual8 and farnille$ th&t need the assistance of the foadbank. Voluttte¢T• The charity depends on the support uf its volunteers, which is rnuch appreci&ttd. Thc volunleers are iThvolved in Service provision and administratsoti. Structurti %OVrn4n¢¢ And mana¥enx¢tyt The overall control of thc chaDty is the responsibility of the board of trnstees who aTe governed by the Constitution adapted 10th May 2018. Trustet$ are appDintcd Or reapprjinted annually at thc annual general meetinga hcld iT] O¢tober. PrlneipAI futsdlnE 4¢llrees This is prr>wded mainly through donations and grants. In the ye&r under review, the ¢h3rity wa8 Able to serure funding by way of grant from the NÈ4tt0nal IA)ttery Coomunity Fund. Fi¥ for the futut¢ - Contll)ue to piothde mdterial support to families find meznbers of the community requiring artess to good and healthy food_ Continiie tn partrter with our current funders and also ¢r¢at new relationships for fund generation to meet the objectives ofihe ehariry. Continue ltt work with other agcncics arld chanties with *milar objectives, In the area and ?ts eftvirons to advancc the aims objectives of the Chl5 w create access to good and healthy food in the Community. Page 3
ConuuuAIty N•¢d• Fouttdatlon Report or th¢ tTUrt••• for the yeAr ¢ttded 31 Mar¢h 2ty15 The cTrwity'8 trnstees responsible for the preplO[L of accounts in accord8n¢e with thc trrms of the Charilies Aet 2011 and the Clwities IAccuunts and Reports) RegItIonS 2008. Notwithstanding the expliat ruirement in the tsllt st&tutory regulAtion8, the Cknitles (Accounts and Reportg) Regulation¥ 2008, to prep8 the ftnon¢ial 8latemerLts in act0rda(C wxtb thc SORP 2005. in view of the fact that the SORP 2005 h&8 beeTh wlthdrawn. the tnistces dttemthied to irLterpret this respoJsib?lity AS r¢quiring them t¢ follow current best practice gnd prepare the ntS according to VRS 102 SORP 2015 ISt&tement of Recornttded Prartice for Attounting and Reporting by Charitie812015. la aJrwided by the bulleiin issued in Oclob¢r 2018 And xpplicjble to all ac¢ounting periods beOnning on or after 1st J¥nu4ry 20191. rrbe SORPI. In particulor. charAty laiy requires the ttustses to prepare financi 3t4tements for each flllanci year which give a true and fair vlew of the 8tate of Affairs of the chaTity 88 at the End ofthe flnanciol ye and of its of the surplus and def]t of the charity. In prcparing those fJn8neial stAtement8 the trustet8 are required to .' - pr¢pÈre the accounts in accordance with United Kingdttm Generally Accepted Accounting PrActice (United Kingdom AccDutittgStE&ndards and appjicable lawl", seltct suitable accounting poJicie$ and then appty thcttL ¢onsi4tetttiy' Tn&ke judgements estimates that e reasonable and prudent., preparr the financial stdtetnents on the on going eoncern basis unless it inÉppropTikte to presume that the eharity will Continue on th4t basi8", &t&te whether applicable acwunting 8tqnd8rd$ attd Staternents of reeojnmended practice have been followed, subject to any material dep&rttires disdo8ed gnd explained in the financi 9tatements. The trustees are also re$ponsible for maintsining propel accourjting records which disdose with reasonable &ttLaracy 4t any time the finatkciai position of the charity which are 8ufficient to Bhow nd explain the chartty'g trllnsactsou8 and enablt then7 to ensure thAt the fitwiciat ststements comply wÈth the re8Lxlations mttck under the Charities Act 2011. They gzt a180 respottsible for $8Jeguarding the as8et$ of the chgjity and hcn¢e for tojdng rea4onable 5PS for thc prevention wd detectlrxk of raud and other IrregulaTitie8. The tsusteeB pre 9Js0 re8kw)nskble the Contents of the trusteeB' rep)rt and the slatutory resp)n8ibiJity of thc indepe¥zdeAt accountant in relation to the trusttt, report is 1]lted to e7t&lDinLng the report en8Lulng that. on the fate olthe report. there are no aterial knu¥nsi8tencses with the fwLre8 dl$closed in the financia] Ètatement8. This ffport was apprnyed by the boDrd of trustees on 29 October 2025. BabF4fvndt A OyeloJ(in Page 4
Communlty Needs Found8tloL Independent accountant's report for the ended 31 Mreh 2025 We report on the hnanciai 8tatements of Community Needs Foundation for the year ended 31 MAre.h 202? which comprise the Stal.eJnent of Financial Acliwties, the IAcome and ExpendivAre A¢¢ount. the Ba]ance Sheet and rhc related notes to the financial statements. including a summary of significant attounung polieies. In our opinion. the accompanying ftsJartciai statements of the charitable company kir¢ prepared, in all n)Aterial respect$, in accordunce wittL the Companies Act 2006 and Thith the charity law applicable wllthin the jurisdiction of England & weS ènd the accounts have been prep•tred in accordance to FR$102 SORP ISlaten)ent of Recotntnend¢d Practice foT Accounting and Repurting by Chantiesl 2015, as a]nended by the bulletin i$$ued in October 2018 and applitable to ail thccountiiig periods Iiewnnirtg on or after l$t January 20191. (The SORP>, publi$hed by the Charity Comnission in England & Wales ICCEWI, effective January 2016, under the hislorical cost convention, in a¢¢ordance with ihe ceounting policies $el out on page 8, which framework con3titutes the applicabLe United Kingdom GenerlY Accepted Aceounting Practi¢e. ReBpectlv respotsbIlItIeS of trystÈe¥ oad tILe accouutant As described on page 4, you, the charity's trustees, are responsible for the preparation of the accounts. The trustees consider that the audit requirement of Se¢tion14411l of the Charitits Act 2011 Ithe A¢tl doe$ not apply. The Lrustees con.sider the ¢haritf4ble COrnPLlly to be exempt from tbe requirement tD be subject to independent exninon. Our responsibility 1.8 to prep&re accounts upon the basis of the infomaiion supplied to us, without conducting any formal SLfuitilly. Ilo ststement ¢Jf oplA We have not carried out any audit pro¢¢dure and have reLied upon infortnatitsn supplied to us by the Irustees, and the inftsrm*LLiDll supplied b}. th¢ trustees in the tourse of Ihe examinatton is not subJectcd to audit tests or enquiries, and consequently we do not expre5 art audit or other assurÈnce opinion on the view given by the a¢rounts. 678 Cvn$ult Litllited ArpDuntaLIts 100 Lincoln Road Erith Kent DA8 2DT 29 Oe.tober 2025 Page S
Communlty Needs Foundatlon stst¢m¢ttt of Finanel41 A¢tlvJtlo8 for the yo&r Ènded 31 MAreh 2025 2¢)25 2024 UDT¢strirted Restrlcted Totsj Fvknd• Total Fund$ Donations and grant Tot&1 itseome LO,555 JO.555 io,sss 23,265 23.265 EKpcndlttyre on: Charitable activities Tot&1 txpendlture 21,719 21.719 14,621 14,621 21,719 Net income for th¢ year 11.1041 11,1 8.644 Ilet ltsevox¢ *fter tranJftt8 11.1641 11.1641 8,644 Tl¢t Tement In futtda 111,1641 ILI.1641 Total fuu4J• brought forward 14,513 5,869 T•tal funds cvried forward 3,349 3.349 14.513 The notes attached on psges 8 to l I form an integral part of these aceountB Page 6
Communlty Need# Fouthdatlon B4]an¢• sheet u at 31 MAT¢k 2026 2172S 2024 Note• Flxed TAn8ibk aB6Et 144 Cttsh ttt bank 0d In trkand 74 $.274 J6.582 16.S82 Net eurnt Ustts 3,200 14.513 io 14.313 Unrcstricted revenue 14,Ul3 14.613 The trustees Mckowledge thcRr responsibi]ities for complying wlth the requirettLents of ch¥Tity le&3lation with ttspert to Accouttting recoTd¥ gnd the prep8Trtic¥n of tsun15. The chasity is not subjeet to ?ndepende7Jt examination under thity legiBl8tiou, and the r¢pDrt of the independent ntant IB 011 page 5. The twstce8 are 8ati$fi¢d thAt, thOug1L the rthktity is not rcwtered under th¢ Companies Acts. sf it were regi8tertd, it would be ellglble tc+ prepa accounts iti accordante with the provisions in Part 15 Of the Componies Act 2006, applicable to companies suliect to the small compgnies regirne. Babatunde A Oyetski YYu•tso Approved by the board of tn10tec$ on 29 October 21)25 The notc$ attshed on paEe8 8 to l I lornk An Itstel part ofthese accounts Page 7
CtsrnmutY fteeds Found&tlon Nut•$ formlng PaTt of the financial $tAtaxLents for the year ended 31 March 2025 l. Accounting Poli¢it& The prinr.ipal accounting p0CleS are suar]Sed below. The ac¢ounting wlicies havc been applied eonsisten(ly throughout the year and in ihe preceding ¥r. lal B4818 of pr•paAtlon and ao¢outytinK eottventlon The accounts have been prepared on the a¢¢nL8J basis, updeT the hislorical cost convctttion, and in 4¢eordance acL¢idartce wirh the Financi¥J Reporting Standard 102, (effective 1st J#nury 20161 FRS 102 SORP IStateTnent of Rccommended Practtce for Accounting and reporting by Charities) 2015, las amended by the Bulleti issued in OctDber ?018 and applicable to all perinds bEginnitig on Dr aflr.r 1st JArtllL 20191. rrhe SORP), published by the chltY Commission in England & Wales ICCEWI. cffective Jaary 20L6, and irL Accordanrc vnth dl applicable law itt rht chariry's jurisdictiort of registration, txcept that the charity hag prepared the [¢1#1 statement in aCcord¢t with the FRS 102 SORP 20L5. las atnerded by the Bulletin L5sued in October 2018 and applirnblt to Allaccounttng pttiods beginning or after 1st January 20191. IThe SORH, In prefeTente to the prehTrou$ SORP. the SORP 2005, whieh as been wiLhdr8wn n0tt4rythstandirtg the fact th&1 the extant statutotv Tegulalions. the Charities IAe.counts aa Report31 Regulatsort¥ 2008 refer explieiuy to Ihe SORP 200S. This a8 beert done ID &ccord with ¢urrtnt best prArtiee. ¢bl Fuxd a¢¢ountlng Unre$thcitd tunds are &vailble for use at the di¥¢retion of the trnstees irj furtheranee of the 8enera] objectives of the Charity. UnTe$tricted funds may inelude a revaluation rtserve representing the restatement of itivestment É¥t market valveg whtre applicable. - Desi8nat¢d funds are LLnresiritled furtd8 earmarked by the tn18tees lor p¥rticuiar purpose.s Restricted fund$ are subjeeted to re¥triLiOAS on iheir expenditure imposed by thc donor or through the terms of an app. lel N#tuYe. ¢ategorle$ and r¢o%nltlon ollThcome All )ntOlli&S are included in thc 3trdLertietxi of fllian¢ial Activitie8 when thÈ ¢harJty is eniit]ed tts the income and the amouiit tran be quantified wih ie¥soAable aecuracy. Thelollowln9 8P¢tIAlc polleles are appl1 to partlcutar Cutegorles cJ* th¢•m¢." Volutkt&ry incorne is Tcccivcd by way of granrs. dtrnations 2nd i& included in full in Lhe stdtettkent of fanCIal acttwttts when receiveAble_ Grants, where entitletnent 18 conditional on tht del jvery ot a spceifit perfortnance by th¢ charity, are Te.r.ogni¥ed when the cliarity br.romt& unconditionally cntitied to the grAnt. Dvnal¢d services and faolities are induded at the VAlue to the ch#£ity where this can be quantified. Idl Voluntee In accordaiice wth the SORP, and in re¢A)gttitiOll of the dIlCUltieS in pLacing a monetsry value on the servi¥ from volunteers, the contTibutictn of volunteers its noi Incliided within the 2n¢ome of the charity- l•> Reeopatlon of lioblUtI68 and •xp¢ndltDre A IIAbility atkd the related expenditure is recognised wh¢n a legal constru¢ii¥e obligation ts1& as a rsult of a past event and when it IS more likely thaT) Aot that a transfer of e¢ottomic beh¢fit WSJL be required in settlemenl and when the amount of the obligE4tion caTJ be mea8ured or reliably estixllaLed. LiabilitlC8 ansing from future ndIng ctsmmiitrienis constructive obli¥ation¥, wher¢ the titning or the amouAt ol the future expenditure reqwred tv seirle the tsbligation e untertain, give ri8e to 8 provision in the accounts. whieh is revicwcd at the accounting year cnd. lfj Flxed tsteti Fixed asset$ are stated at cost le88 ac¢utyulated deprECiaUQA. Depreciation is provided ai rE4te$ raleulated Lo write off the cosi of each asset over ir¥ eXLled Useful life. whitrh in all cases is e8tirnattd at 5 years. Page 8
Communlty Ileeds Foundatlon Notes forming part tsf the fin•tselal statemen¢B for the year elld¢d 31 Mareh 2025 2. ))onatlon Utttre8trict¢d Restrlrt¢d 202S 2024 Donatio Grant Total donatiOtt% 2,555 8.000 10.SS5 2,55S 8,000 IQ.SS5 3,265 20,000 23,265 ChArltabl8 qrtÈvitteJ Support Oovernart¢¢ Cwt 3. ChaAt&ble expAdlture 2025 2Ctr24 Charitable tetlvltle8 Cost ojactivitres Inlurtherance ol harltys objecdves l?,il2 12.S12 12.$12 12,512 8,014 8,014 Support ¢o$ts Premi5e$ Administration Others 4,298 478 4.298 478 36 4,812 1,931 324 36 36 4,776 2,255 GovernaAC¢ costs Profe.ssional fp.s 4.39i 4,395 4,39S 4,395 4.352 4,352 Total charltsble ezptrtdlture l7,288 36 4,393 21,719 14,621 4. fiet ¥utplllA before tax In the Ilnan¢ial year 2024 ?023 This is stated after chargirLg'. Depreciation 2.14S 2,14S 2.282 2,282 14.513 S. In¢orth¢ &J¥d expen411tUTe aecouttt 2025 At l April 2024 Surplusldeficit after tax for the year At 31 March 2025 14,S13 lJ,164 3,349 6. Truateeg y¢mun¢rAtton & tslated pay tran&qctlon4 Neither the trustees er any persons connected with th¢m received any rernuneration duting ih¢ year. 7. TtIrI As a chutity, Comnunity Needs Foundxtian is exetnpt Irom tayatiort in respect of 2ntome or capital gthiA$ received within r.atcgtsries covered by chapter 3. part I l of the Corporation Tax Act 2010 UT $256 of the Taxatton of Charge&ble Gains Aei 1992, to the extent that these are applied exclusively to its chaTltablt objectts and for no otlier purpise. No IX charges have ariscn in the ch&nty Page 9
Comznunity Needs Foundation Notes forming part of the fin4neil 8tstements for the yeAr ended 31 f11h 2025 Motor Furniture & Vehlejt Equlpwtkt 8. Tan8tble tlxed Total COST At l April 2024 Additions ift the penod At 31 March 2025 DEPRECIATION At l April 2024 Charge for the perxod At 31 March 2025 NZT BOOK VALUE At 31 M8rch 2024 180 180 180 180 36 36 36 36 At 31 March 2025 144 144 9. Creditor& 2025 2024 Accr11$ - Accountancy fees Otherts 300 1,769 2,069 31X) 1,769 2,069 10. AnalyslA of net bettveen fund UnreBtTlCted Funi]8 Re8trl¢t¢d Futtd$ 2025 2024 Tnble fllted assets Current assets Current liabilitie8 Net assets at 31 MaTch 2025 144 ?.274 2,069 3.349 IH 5.274 2,0691 3,349 16,582 12,06gi 14,513 11. Mov¢ments fund¥ At l AdJu8tment agAin8t Out%olMg r•sers R¢sourcos Rellre At31 2024 2025 Ro8tsi¢ted fund$ Totsl restricted funds Uxrestrl¢ted fund 14,513 LO,555 21,719 3,349 Totaj unrestricted funds 14.513 10.5SS 21,719 3.349 Total fund 14.513 10,555 21,719 3.349 Page 10
CoMmuty Need8 FoundAtiOn In¢ome and Expettdlture Account for the y¢at eaded 31 Mar¢h 2025 202S 2024 Ineome 10.555 23,265 LESS EXPENDITVRE Co4t of actlvltles kn hutlLer of charlty'6 obiectivt Purchases TrlspOrt & trave 12,418 94 12.512 8.014 8.014 Support eo¥ts- ¢hArltable &ctivitl¢ts Rertt Storage/Pa¢kaging 860 3.438 4,298 810 1,931 Admlnlstratétsn nung and ststionery Insurance Postage Training Bank tharge¥ Webyite developmetLt 85 iii 278 43 113 44 478 84 44 324 Depreciation 36 36 Gov*yllatsee colts - ehxrltsble actlvltles Pmfessional fees Accountancy fees 4,095 300 4,395 4,Ck52 300 4,352 31.719 14.621 8.644 5,869 14,513 8otylllB for the ye&r Surylus brought fonv8Td S¥JTrluo ¢4rrl¢d for4VAtd 14,513 3.349 Page 11