REGISTPAnON NUMBER: CE014708 Newbury Soup Kitchen Unaudited Financial Statements 31 July 2024 Newbury Soup Kitchen Financial Statements Year ended 31 July 2024 Contents Page Management committee report ststement of income and retained eamings Statement of financial posib'on Notes to the financial statements Newbury Soup Kitchen Managément Commlttee Report Year endod 31 July 2024 Thètsustees presenttheir r6wt8ndlh? un0￿J1￿1 firwKo1 statementsofthè s￿&￿tyf9r1h9Ye0rend9d 31 ju￿ 2024. Prlncipal actlvltl The prinapal acfjvlty of th& c￿mpanY thjring the y88r wos food provisKYTr, wtreath and other Support services for the homeles5 and oiher Vulnerab￿ &Jults in th8 N*•knury ar8a. The company strlves to help peoplewho are marginalise(18nd exwienryr@ kM)vty in Nevknjry and W•sl Bwkshwe. This is achieved by providing a broad $pthMn (rf h￿￿thY fcod kKovison and outreath. TN¥t Tho trustees who served tho durkng th* yèar 4$ f￿￿7￿.. An¢hw Sho000 Rebecca Dunn Brynn Marie Hdm•8 Steph Langley 8ridg•t Eastrrfc4)d Slmon Tlllyèr Jullg Campbdl IApFdntfyl 01112r2023) Thls rwrt was approvad by tho m8n89om•nt o>nmltte• on ....... ..... of the board by.. .. and on behair Andr•w Shog¢)3 Rebecca Dunn Trusteo Brynn Marf• Holm•$ Steph Langley Tntst•• 8rfdg8t EaS￿d Tru Juuè Canwb811 Twusle8 Simon Tiltyer Trustee Registered offlcA: 1 Hambridge Lane Newbury Berkshire RG14 STU Newbury Soup Kitchen Statement of Income and Retained Earnings Year ended 31 July 2024 2024 2023 Tumovor 273,309 183,617 Cost of sales 35,169 238,140 21,556 Gm• profft 162.061 Administrative expense5 0￿rIting profit 132.393 105,747 124.993 37,068 other Inte￿$t receivablg ar¥J slmuar Incomg 2,286 407 Profit boforè taxatlon 108.033 37.475 Tax on profft Profit for th• flnanclal y•ar and total comprohensl¥• Incom• 108,033 37,475 Rotslnèd •amlng¥ •t th• Stsrt of th• y•ar R•tslnod ••mlng8 at tho •nd of th• ywr 138,305 246,338 1CK),830 138,305 Th¢ not•s on p•ge8 S to B fomi p*rtofth8se tIna￿l•l stslwnents. Newbury Soup Kitchen Statsment of Financial Position 31 July 2024 2024 2023 Fixod aswts T8nglble assets 17.624 27,675 Current assots Debtors Cash at bank arKI in hand 345 229,962 110.960 230,307 110.960 Crodltorn: amounts falllng duo t*Athkn om y•ar N•t ¢urront 418•ts 1,593 228,714 330 110.630 Total a$$•ts currnnt Ilabllltl•• 246,338 138,305 138.305 Not a88•ts 246,338 Capltsl and r•8erve8 Profit and loss account 246,338 138,305 138,305 3har•hold•r• fvnd• 246,338 The soclety 13 ￿lIsfied that rt ￿ entrtled to exemption from the requirement to obtsln an audr( under 8OCtion 84 ofthe Cowoperalive and Communty B•n•fft Socths Act 2014. The shareholdws have not required the to ottsin an au(*t of Its financlal 8tatements for thè year in qu•sts'on in accordance *Mth the Act. The trustees a¢knovledge thdr responsitllithis for. en8uring that the society keep$ proper a￿)untIng record$ vthich comply wlth secti¢)n 75 ofthe C opera¢ive and Communty Benefrt Sooetss ALt 2014 (the Acti,. establishing an¢J maintsining a Satisfactory system of ts books of accounts, ils cash holdings and all ¢ts receipts and remrttances in order to compty ￿ section 75 of the Ad., and preparing financial statements which give a true and lair view of the $lale of affairs of the society as at the ent1 of the financial year and of rts income and expenditure for the year in a¢cordan¢e with thg rgquirements of seCt￿n 80. and which othemge ¢omF4y the requirements of the Act relatlng ￿ Nnancial swemerms. so far as aN)l￿ble to the souety. These financial 8tstemerts have been prepared in aCcOrdar￿ wilh Seclion IA of FRS 102, 'The FInar￿la1 Repo￿ng Standard appllcable In the UK and Republ￿ of Ireland.. The notes on pHges 6 to 8 fo￿ port ofthese Ilnanclal •tstsments. Nowbury Soup Kitchen Statement of Flnancial Position 31 July 2024 These f￿an(la1 ststements wére approved by Ih8 m￿ag￿￿t ctsMinto8 and authorfsed for18$uo on ., and are signed on their behalf by". AThJrgw Shegog Chair Rebw Dunn Trusta• Brynn K48rf• Holmes Tru8t88 Steph Langley Tru$tO0 8rfdgel Easfvrnd Ju148 CamF*g11 Trustee Slmon Til TN$lg¢ Reglstrallon numbw.. CE014708 Newbury Soup Kitchen Notes to the Financial Statements Year ended 31 Juty 2024 Gonoral Infomiatlon The $￿ty Is registered under the CowOFeTati¥e and Community Bonefft Societies Act 2014. The address of the registered office is 1 Hambn"dge Lane. Ne4•rtJury. Berkshire, RG14 STU. St•t•m•nt of compliancg These financial Staterr￿nIS have been prepared in compliance with S•¢b"on 1A of FRS 102. The Financial ReFth'ng Standard applKal)le in the UK and the Republ￿ of Ireland,. Accountlng pollcl Ba•h of pr•￿ration The financial statements have been Fryared on the historical cost basis. as rwdffied by the valuation of Certain financial a55ets and habilth.es and in¥estrnent properties measLtr8d at tsir value through profft or108s. The financial gtslemerts #re prepared in ster￿n9. which is the fun¢Aonal CY￿encY of the entrty. RoYonu• rn¢¢gnltlon Turnover is measured at the fai value of the constderati¢)n receN•d or réceivab16 for goods supplied and seNices rendered, nel of discourts and Value Added Tax. Revenue from the Sa￿ of go¢>Js is recognised *then the $KJnfficanl risks and rewards ol ownèrship hav• translerrei1 to the buyer (usually on desp*ch of the gtxK1sl." the amount of revenue can be measured reliably", il 19 probable that the as8coat•d o￿noMiC ￿nefts wll Ilow to the ents"ty', and the costs incurred QT lo bg incurrgd in re$pect of the transactions can t• measured reli8bly. Tanglble a88•ts Tangible assets are initlalty recorded atcost. and sub8equentty 8tated at C08t any accumulat¢d depreciation and impaim)enl losses. Amy tangible assets carried al revalued amounts are recorded at the fair value al the dale ol revaluation less any subsequent accumulaled depreciation and subsequent accumulated 1mpairrr￿nt losses. An increase in the carrying amount of an as¥et as a of a revaluab"on, 1$ recognised in olh?r comprehensive income and accumulated in equty, except lo the extent it reverses a rèvaluation decrease of the same asset previousty recognised in profft or loss. A decreas8 in the carrying amDunt ol an asset as a result of revaluation. is recognised in other comprehensive income to the extent of any previoysty reco3nised revalUat￿n increase accumulated in equty in respect of that asset. Vvhere a revaluation decrease exceeds the ac￿mu131ed ￿ValuatIon gains accumulated in equty in respect of that assot, the ex￿$9 s￿1 be recognised in profft or108s. Newbury Soup Kitchen Notes to the Financlal Ststements Year ended 31 Juty 2024 Accountlng pollcl88 (eolth DepreCIa￿on Depreciation is co1￿lated so as to WTite off the cost ￿valUatIOn of an assrf les$ rts residual value, over the useful ecor￿￿ lrfe of that asset as followE.' Plant and machinery Fixtures and fittings Motor vehicles Equipment 25% straight line 25% straight line 25% strdight line 25% straight line Impalrni•nt olllx•d a8#•ts A review for indicators of impaim)enl is camed out al eath reporting dale, the recoverable amount being estimated where such indicators exist. ￿ere the carrylThJ value exceeds the recoverable amount, the asset 1$ impaired acu)rdingly_ Prior impairment5 are also reviewed for possible reversal 81 exh reporting date. For the purposes of impaim*nt le$ling. when rt is not possible to estimate the recoverable amount of an individual asset an estimate 1$ made ol the recoverable amount of the cash-generallng un to whid) the asset belongs. The caS￿generating unrt is the smallest idenlrfiable group of assets that includes th8 assèt and generates cash inficths that largety Independent of fv cash Infiowj from other assets or 9roup$ of assets. For Impalm￿nt lesling of go￿￿111, the gooth'll acquired in a businevs combinallon Is, from I acquisition date, dlocated to each ol the cash%enerating units that are expected to benefit from the $ynergies of the combinabon. irre8peth.ve of whether other assets or liabilits'es of the Society are assigned to those unlts. Flnanclal Instrum•nts A financial B$$el or o financwl ligbilty is rwnwd only vthen the 80uety becomes a paty to the ontradual provisions of the instrumonl. Basic financial instruments are inilralty rerngnised al the transacb'on price, unless the arrangement constrtules a financing transaction, where it is recognised * the present value of the luiure payments tJi8counled al a market rate of interest fc* a similar debt Instrument. D•bt instruments are subsequenty measurnd al amortised ￿$t ere investments in non