CHARITY REGISTRATION NUMBER: 1180382 Independent Food Aid Network Unaudited Financial Statements 31 December 2024
Independent Food Aid Network Flnanclal Statements Year ended 31 December 2024 Page Trustees, annual report Independent examiners report to the trustees Statement of financial activities ststement of financial position Notes to the fi'nancial statements 10
Independent Food Aid Network Trusteès. Annual Report Year ended 31 Decornber 2024 The trustees present their report and the unaudited financial slatem•nts of the charlty for the year ended 37 December 2024. Ref•roncg and admlnistrntlve dotall• R0glstsr charlty nam• Independent Food Aid Network Ch•rlty rggl¥tratlon nUMr 1180382 Prlnclpal offic• 71-75, Shelton Street London WC2H 9JQ Th• tnMt••• Dr K Garthwaite- Treasurer Cllr K Akinola Ms D Wood5- Chair Dr M Power Mr R Makwana Prof J May Ms F 8oshortn Dr S Furey (Relned 30 April 20241 Ind•p•nd•nt •xamln•r Nicola Jane Cath4all•der For 8nd On Behalf of Davld C8dwallader & Co Llmlled Suite 3 Bignell Park Bams Chesterton BIster Oxon OX26 1TD 3tructUrni gov•rnance and fft•nag•mont The charity was registere<l under ils Governing document a8 a Charllable Incorporated Organisatlon the Charity Commission on 19 October 2018 under Chadty nurnber 1180382. Th? charfly govemed by its Tru81ee8.
Independent Food Aid Network Trustees. Annual Report (continued) Year ended 31 December 2024 Obloctlv•• and •ctlvili•8 The objectives of the organisation are the prevention or relief of poverty in the United 'ngdoM by providing.. gran15, rtem8 and 8ep4ices lo IndivSdua18 In need andlor charities. or other organigations working to prevent or relieve poverty lo prevènt or relieve povety through undertaking and supporting research into factors that contribute lo poverty and the most appropriate ways lo miligale Ihese It achieve5 this by.. providing a lowm, piomoling best practice and offering a colledve volce for independent, grassroot5 lood aid providers working byilh and promoting the volces of people in food insecurlly provlding opportunrties for18aming about the causes of food poverty improving provision lo people In need of food conducting and promotlng crifjcal, open-access research relating lo food povety Publ1¢ Bgnefit St8t•m•nt In setting the objectjves of the Charity and plannlng our aCtilIeS. the truste•8 have paid due regard lo the publk benefit guidance publlshed by the Chaflty Commls5ion.
Independent Food Aid Network Trustees. Annual Report fconllnuedj Year ended 31 December 2024 Achl•vom•nts and p•rfom7anc• Throughout 2024, the Independent Food Nefvlork IIFANI ¢¢tinUed to advocate for 'cash firsf or income-focused appro8che5 to Teducing and eliminating food insecurity al a UK-wide, national, and local level In pursuit of its vision ol a country wlhout the need lor chariiable food aid re adeqltate and nutritious food is available lo all. IFAN also supported and represented ils rnember or9anisatsonslfood banks and other charitable food aid prowdersl doing their utmost to support large numbers of people unable to afford food a6 they continued to face significant challenges to cope v demand. IFAN'S board of trustees was chaired by Dee Woods in 2024. Trustee Rajesh Makwana resigned in April 2024, otherwise the board of trustee¥ saw no other changes. Dr Kayleigh Garthwaite remained Treasurer throughout 2024. IFAN'S llireclor. Sabine Goodwn, was employed fulktime throughout 2024 as were Abby Preston and Ernma 08terberg. Abby and Emma were inilialty employed as Prolect Offlcers and then, in the Autumn of 2024, became Policy and Project Officers. IFAN'S part-lime Fin8nce Officer, Jo Finnerty, a150 remained in post throughout 2024 as did part-limg Project Officer, Aghleigh Haney, IFAN'S Prolecl Manager, MaAa Marshall, left her post in March 2024 for a new role with CPAG in Scotland. In the Spring 012024, Charlolle While became IFAN'S part-time Member Support Officer, and later, Member Support and Policy Officer. For mo81 of 2024, IFAN was supported by volunl8er8 Anna Gawrin and Clare Gavurin. Volunteer Alex Tale also helped IFAN wth a project collating data on local authority cash fir81 approaches. IFAN coll8led and reported on data contributed by ils member organisalions in March and August 2024. IFAN reported that independent food banks werè struggling lo cope with rising demand as food and linanclgl donation5 lell vthile volunteer¥ and Staff memberg have become burnt out. IFAN h89 continued lo wdely share the mes8age that a charitable food ald re8ponse lo food Insecurlty Is both unsustainable and ineffective. IFAN pushed foard th flagship 'Worylng About Money7, resources project acroB8 the UK throughout 2024. The IFAN team a150 rolled out a new Colour palette while completing slx-monlhly updates for'worying About Money?, leanely. This refreshed colour palette wds chosen lo complement IFAN'S brand colours as well 85 lo lake account of the accessibility requirements ol blind and partially slghted people. Thanks lo funding from the William Ke8gler Family Charitable Fund, numerous new Worrying About Money?, leaflets and their allem81ive versions have been CO•produwl and dl$seminaled in England. New leaflets have also been co-yoduce¢J In Wales and in Northern Iieland. IFAN h88 also co-crealed tr8nglaled, easy read, poslfjr, BSL. and audio ver$ion5 of local 'Worrying About Money?, leafiets as and %then they're needed in Individual communities. In addits'on, every 'Worrw'ng About Mone, ha$ an easlly accesslble Interactive ver8lon followng the stepby-step fomial. IFAN has ¢¢Trrun variou$ online and In-person launch events for new,wor'ng About Money?, leaflets published in England generating more interest in and erder5 for local leaflets. Abby and Emma have a150 worked alongside local partners lo run online and in-persctn Money Coun1$ Iralning Sessions linked to individual areas lo help support w)rkers and v(Aunteers gain confidence in using 'Worrying About Money?. resources. Sessions in Haringey, Cornwall. Wakefield, and Bradfoid have been Party'cularfy popular and well-attended. IFAN co-delivered this training with a range of local partners including Trus5ell, Citizens Advice, Transformation Cornwall, Feeding Bradford, and IFAN member the Gospel Centre Food Bank in Haringey. The 'Worrw'ng About Money?, re80urce8 have agaln made a lasting impact in 2024. The cc4laboralve work in both High Peak and Slafford5hire Moorlands in Derbyshire 1$ a notable example. Local authorities In these areas sent their local leaflets out with council tax bills in the Spring of 2024.The
Independent Food Aid Network Trust8es' Annual Report f¢onlinued) Year ended 31 December 2024 succe$$ of the project in High Peak has led to partners in more areas in Derbyshire, Derbyshlre Dales and South Derbyshire. co-developing leaflet8 wth IFAN. The resources have also made a particular Impact in the south wesl of England. IFAN and TTUSsell cc ran an online event, Cash First Communities South Wegt, focused on a cash first approach to food insecurty in October that ShovcaSed llxal partnersttlp work on Worrying About Mone. resources. In S¢oUand, thanks lo lunding from the Scottiyh Government, IFAN ha8 conllnugd to expand the reach of Worrying About Money?. resources as well a5 accompanying Money Counts training sessions. In 2024, again as a result of ScottI5h Govemmenl funding, IFAN c%miSsIOned the Scollish Centre of Social Research Iscotcenl to evaluate the impact of the 'WoNying About Money. guide in Scotland. The reseaich team conducted SeMstruCtu1ed Interviews wlh members of the public facSn9 flnanual insecurlly acro$¥ Scotland Ykno had uged 'Worrying About Money?, regources. The reporf8 findings includè.. having informab.on presented In cne resource, rather than spread across multiple 8Durces. helped lo minimise the physlcal, mental, and emotional energy needed lo seek 5UPPOrt the inclusion ol local support organi58tion8 in the guide was welcomed by participants had experienced lo1 8eNce8 a8 often more approachable and less burèaucr8tlc than larger n81ional serviceg the inclusion of information on when the guid? was last updated incre88ed pa.¢1Pants, CfidenCe that the gourGe8 of support would be ovailable if they made contact The IFAN team has delivered presentations on the 'Worying About Money?, resource8 at various conference8 and meetings in across the UK 2024. Abby contributed to 8 panel session al Resolve Poverty's 'The Power of Place in Tacklbng Povèrtl conference in March referencing the project in terms of how best to respond to poverty locally. Several local authority financial inclusion groups have reque8t•d an introduction lo the 'Worrying About Money?, le8flel8 from one of the IFAN team in 2024 and often, these 5e53ions have led to the co-developmenl of new leallels. In Qdober 2024. Emm delivered presentations In Newc83lle al the Ncurt8hing Future NeIk conference on Poverty, Inequality, and Food Security in Preconception. and the first 2001 Days, and al the Inequalllieg and Health Summll in Liverpool. In London, the IFAN team spoke about the Worrying About Money?, Te50urcey at the Hounslow Food Summrt, Feeding Barnel . A Food Security Summit, and thelglinglon Food Surnmit. IFAN'S Member Support and Pollcy Officer, Charlotle While. Wrote a blog on the impact ol the leatlels published in Oecember 2024. The 'Worrying About Money?, resources project was also the focu5 of a Glasgow Caledonlan University Scolb'sh Foverty and Inequality Research Unit ISPIRUI Tackling Povety Localty Directory entry. IFAN has advocated for a cash first approach lo food insecurity 4t a local, regional, national, and UK- wlde level throughout 2024. IFAN ha5 made calls for long-term, inGome-focused solutions to food insecurity 81 puNic events, in meetings with elected represenlallves, clvll servants, and bcal authority teams. and in the media. Sabine representèd IFAN al a roundlable meeung with DWP Minister5 on the UK Government's developing child poverty strategy in Gl8sgow in November 2024. In the latter part of 2024, IFAN coniributed lo the emerging food poverty strategy linketJ to Labourfs manifesto commitm•nl lo end mass dependence on emergency food parcels,. Following July's election, IFAN ole lo the new Prime Minister 8aying'. 'Your new government now ha5 a once in a generation opportunty to reverse the Ilde of povety that has swept the country over the past fourteen years. Ils impact has been fell across generations as people's physical and mental health have been thwarted. We Urge you to take rnuch needed actions as $wftly as possible.. IFAN 8150 put together a briefing for new MPS on Eradicating food insecurity lIe ending the need for food banks and other forms of charitable food ald In the UK. This has been used to connect wth new 8n(I re- elected MPS. IFAN has made strong calls thrghOut the year on the need lo extend the Household Support Fund in
Independent Food Aid Network Trustees, Annual Report f¢oniinu8dJ Y8ar ended 31 December 2024 England 8nd lo replace il rith pemianenl CTISIS SUPPOrt through cash payments. IFAN ¢ollaboraled vthh other anli-povety charities to ctrproduce a briefing on the need for pemianent crisis support and co-ran a survey for local authoritie5, frontline organisalions, and people wth lived experience covering this Issue. With the help ol volunleers, IFAN developed a resource on ils website to chart the availability of cash payments through local authorities in England. IFAN ha5 continued to call for a cash fir51 approach to infant and maternal food insecurity publishbng latest briefing on this issue in November 2024. IFAN also contributed lo the Scollish Govemmenl's Guide to Responding to and Preventing Infant Food Insecurity in Scotland as a member of a short Ilfe working group. In the Autumn of 2024, IFAN contributed lo Just Fair's submission on behalf of ciwl society in England lo the UN Committee on Economic. Social and Cultural Righ15 saying. Responding tc food insecurity wlh charitsble food aid has proved ineffective and unsustainable. Since the emergence of more and more food banks as a response to the impact of austerity policies, millions Upc millions of food parcels have been dlslribuled by thousands of food b8nks. However, it's clear from data collated by the OWP as well as the FSA that food insecurity has risen lu3183 charitable food aid has been di¥tributed. A food parcel Can only ever temporarily alleviate hunger and cannot be effeCte al reducing food insecurity and poverty., IFAN has also contsnuecl lo contribute lo various academic studies linked lo tackling food insecurity through advisory group membership or lacilitaling links lo member organi$alions. IFAN'S director, Sabine Goodwin, has written numerouy opinion piece5 lor the Big Issue championing a cagh first approach to food insecurity, and ha8 contributed to newspaper pieces, radio interview¥ a¥ well as a podcast, IFAN has also ¢onlribuled lo many joint campaigns and alliances and has signed varlous letters and slalemenls calling for systemic policy change5 to address food insecurity and poverty, IFAN h88 Sent out regular newyletters to its supporters and has conkn'nued lo advocate for change wrth ils u3e of118 well-known SnfogTaphic3. In September 2024, Abby attended the Labour Party conlergnce on IFAN'S behalf. In Scotland, IFAN pressed on wlth ils advocacy for a cash fi'rst approach lo food Sngecurty as the Scollish Govemment's plan towards ending the need for food bank8 entered its second year IIFAN, 'Worrying About Money?, resources project is referenced in Acb'on 6 of the plan). Together N%ilh the Trussell Trust. IFAN co-ran the In-person Cash Fir31 Communities conference In Glasgow welcorning nearly 140 allendees includlng represenlallves of adwce services, food aid organisats'ons, and loc81 8ulhorilies to chart cash first progresB in Scotland. At a local level. in Comw811, IFAN has contlnued lo collaborate with Tr8n$formalion Comwall, Truggell, and Cornwall Council lo embed a cash first approach lo food insecurity locally anij, lo ihls end, organised an ifvperson event in Truro al the start of the year looking at how best lo support people facing financial hard$hip in Comwall. In Edinburgh, IFAN contributed lo the development of Edinburgh Community Food's Cash First Toolkit Bnd an event Ilnked lo ils launch. Throughout 2024, IFAN ha$ supported its member organisats'ons lo use and share 'Worrying About Money?, resources lIe championing ihe use of cash payments, shopping vouchers or gift cards nslead of or alongside emergency lood parcels. IFAN h88 W0ed to amplfy the voices of independent food bank managers and hag continued lo support mernber oryanisalion8 through numerous member m¥elings focused on Issues of concern ranging from government policy ch3nge3 lo personal resilience in the face of unrelenting dernand lo food supply problems. In 2024, IFAN has also supported member organl$allon5 by connecting them to practical help and up-lo-d8le re3uurce5 Ihrovgh regular updates and ils member information pages.
Independent Food Aid Network Trustees. Annual Reportlronfrnvedj Year ended 31 December 2024 Financlal rovl•w Major iourc•• of Income: IFAN'S major SOUTces of income have been from.. Scottish Government lunding London Plus and funding through donations from the goneral public Totsl InMe for the year was £117,606 and lotsl exp8ndilure was £247,354. resulted in a d•fiat of1£129.7481. This compare8 10 a deficit of1£6271 for the previous year. Funds held at 310ecember 2024 were £106,303 01 which £102,737 wa5 unrestricted and £3,586 was restricted IAI 31 Oecembei 2023 £232.345 wère unreslricled and £3,706 wa$ restri¢led, a total of £236,051). R•*•Th•• Pollcy The Trustee5 have sel a policy of holiling 5 months operating cosly in unrestricted funds to enable the charity to meet all of its liabilitieg should operation8 have to cease at some pcinl In the future. Based on our annual oper81ing budget current rgserves at the end of 2024 were equivalent to the agreed 5 months of unTeslricled funds. The tru8lee8' annual report was approved on truste•$ by., 1913125 and slgned on behalf of the board of Dr K Garthwaile Tre88urer
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Independent Food Aid Network Statement of Financial Activitles Year ended 31 December 2024 2024 Restn"eted fundy Tol•l funds Total lunds 2023 unstrICted lund¥ Incom• and 0nd0rynants Donations and legacles Tot•1 incom• 53,B96 53,896 63.710 63,710 117,606 117,606 255,813 255,813 Expendltur• Expenditure on charitable actIwtB Total oxpendlturg 183,048 183,048 64,306 247,354 247,354 258,440 64,306 256,440 N•t •xp8ndlturn {129,1521 15961 1129.7481 16271 Tran$fer& belween funds 1456) 458 N•t mov•m•nt In fund• (129,608 1140> 1129,7481 16271 R•conclll•tlon of fund• Totsl lund8 brought foNArd Total funds carrhd forwArd 232,345 102,737 3,708 238.051 236,678 238,051 3,566 106,303 The statement of financial activities Indudes all gains and1088è8 r•co9nl8ed in the year. AJI income ond expenditure derive from continulng activllles. Th• not•s on p•ge$ 10 to 16 fomi p•rt of these Iln•nci•l •¢•tements.
Independent Food Aid Network Statement of Flnancial Positlon 31 December 2024 2Q24 2023 Noto Current ass•ts Cash at bank and hand 111,693 243,598 Cr•dltors.' amounts lalllng duo wlthin one y•ar Nal current a¥¥•ts 11 5,390 7.547 106,303 106,303 236,051 236,051 Total •$sets IHB currnnt Ilabllltlel Net a4Mt• 106.303 236.051 Fund• ofth• charfty Reslricled funds Unrestricted fvnds 3,566 102,737 3,708 232,345 236.051 Total charlty fund• 13 106,303 These flnancial stalemanls Y+Ere approved by the board of IruBlees and aulhori8ed lor 188ue on nd are 8lgned on behalf of the board by.. Dr K Garthwalt8 Trea•urer Th• not•$ on pages 10 to 16 forni part ol th¢•9 Ilnan¢lal stat•menls.
Independent Food Aid Network Notes to the Flnanclal Statements Year ended 31 Decefflber 2024 G•n•r•l Informatlon The chatY Is a public benefil entity and a rogislered charity in England and Wales and is unincorporated. Tho address of the principal office Is 71-75 Shelton Street, London, WC2H 9JQ. Statoment of compllanc• These financial statements have been prepared in compliance wth FRS 102, 'The Financlal Reports"ng Stsndard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Pra¢ts'ce applicable to charitie3 Preparing their accounts in accordance with the Flnancial Reports'ng Standard applicable in the UK and Republic of Ireland IFRS 1021 IChartlle5 SORP IFRS 10211 and the Charities Act 2011. A¢¢ounling pollcl•g Ba•1• of pr•paration The financial statements have been prepared on the historical cog1 basis, as modified by the revaluats'on of certain financial asgets and liablliUe8 and investment Prope$ measured al far value through income or expendllure. The financial stgtemenl8 are prepared In steding, the fulldonal currency of the enfjty. Golng conc•m There are no material unc•rtgintie8 about the charty'8 abllty lo conllnue. Judg•m•nts and k•y •ourc•• of ••tlm•tlon unc•rtalnty The preparation of the linancial statemen19 requlre¥ m8nagemenl lo make judg•ment8, eslirnales and a$gumplion3 that affect the amounts reported. Theye eslimales and jutJgements are continually reviewed and are based on experience and other factors. induding expect8bons of future events that are believed to be feasonable under the circumslancey. Fund •ccountlng Unrestricted fun¢Js a 8v4llable for use at the di8crellon of the lrnstee$ lo further any of the charity's purposes, Designal•d fund8 are unrestrlcled funds e8miarked by the partners for partlcular fvlure project or commllmenl. Reslricled fund$ are subjected lo restrictions on their expenditure declared by the donor or through the terms ol an appeal, and fall into one of surId¥se5.. restricted income fundg or end¢)wment funds. 10
Independent Food Aid Network Notes to the Financial Statements {¢ofttlTru•d) Year ended 31 December 2024 Accounting pollclm (¢OnllnuedJ Incomlng rnSours All incoming resources are included In the statement of financlal activities vknen entidemenl h98 passed lo the charity., il is probable that the economic benefrts associated vlth the transaclion will flow to the charity and the amount can be reliably measured. The following specific policies are applied lo party'cular ¢alegorie8 of incorne.. income from donations or grants 1$ recognlsed when there is evldence of entillemenl to the gift, receipt Is probable and ils amount can be measured reliably. legacy income ig re¢ogniBed when receipt is probable and entidemenl Is established, Income from donated goods Is measured al the fair value of the good5 unless th18 1$ Impractical to measure reliably, in vlhich case the value 18 derived from the cost lo the donor or the estimated re$ale value. Oonaled facilities and Service8 are recogniged in the accounts when received rf the value can be reliably rneaBured. No amounts are included for the contribution of general volunteers. income Irom contracts for the Supply of 8erviceg 19 retognised with the delivery of the contracted sermce. Thi& is classified as unreslricled fund8 unless there Is a contractual requirement for il to be Spent on a path'cular purpose and relumed if unspent. in whlch caBe 11 may be regarded as reslricled. R•¥ourc•J •xwnd•d Expenditure 18 reGognised on an accrual8 basis as a liability is incvrr8d. Expenditure in¢lude5 any VAT which cannot be fulty recovered, and is BlaBsithed under headings of the slalernenl of financial activilieB lo %thich il relates.. ¢xpendilure on raising funds includes the cost8 ol all fundraising activities, ev8nts, non- charllable trading 8clivilies, and the Sale of donated good8. expenditure on charitable activities includes all costs incurred by a charlty In undertaking activities that further its charitable aims lor the benefit of ils beneficiaries, including those SUPPOrt co$1¥ 8nd costs relating lo the governan of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related lo raising funds lor the charity nor part of 11$ expenditure on ¢haTilable activitie$. All ¢0g1s are allocated lo expenditure categories reflecting the use of the re8ouree. Dlrecl costs attributable lo a single a¢lNity are allocated directly to that activity. Shared cog19 are apportioned betsveen the aeliwties Ihey contribute lo on a reasonable, juslrfiable and con$islenl basis. Op•rating lease• Lease payTnenls are recognised a5 an expense over the lease term on a 81raKJht-line basi6. The aggregate benefi't of lease incentives 15 recognised a5 a reduction to pxpense over the lease term, on a strèight.line basis. 11
Independent Food Aid Network Notes to the Financial Statements (Ced) Year ended 31 December 2024 Accountlng policim {tOnlthu•d) Flnanclal In8trumants A Iln8nclal asset or a financial liability 55 recognised only vthen the charity becomes a paty to the Contractual provisions of the instrument. B89ic financial instruments are inib'ally recognised al the amount receivable or payable including any r•l8ted transaction cost5. Current a5sel$ and curfenl liabilities are subsfjquently measured at the cagh or olher consideration expe¢led lo be paid or received and not discounted. Debt instruments are subsequenlly measur•d at amortised cost. Where investments in shares are publicly traded or their fair value can elherwise be measured reliably, the investment is subsequently measured at fair value wlh change8 in fair value recognised in income and expendlture. All other such investments are subsequentty measured at CO81 le85 impairment. Other financial instruments, including deriv8live5, are Inlfjally recognised 81 fair value, unlesB payment lor an aysel 15 deferred beyond normal business terms or financed al a rale of interest that is not a market rate, in which case the asset iy measured al the present value of the future payments discounted al 8 markei rate of interest for a similar debt ingtrumenl, Other financial in8lrLtmenls are subsequenuy measured * fair value, with any changes recogni5ed in the stalernent gf financial actiwties. the exception of hedging inBtruments in designated hedglng relats'onshlp. Financlal assets that are measured at eosl or amcrbsed cost are reviewed for objective 8vklence ol imp8imenl at the end of each reportlng dale, If there Is cblective evidence of impairment, an Impalrmenl 108$ 15 recognised undef the appropriate heading in the Jtalemenl of fi'nancial aclivi1188 in which the initial gain was recognised. For all eqully instruments Tegardle88 of significance, and other financlal 3s$els th81 are individually signilicanl, these are assessed Indiwdually for Impairment. Other financial a35et5 are ellh•r 88$e¥sed indlvidualy or grouped on the basis of 5imllar credit risk characlerlJl'c8. Any VerSalS of Impaimenl ¥re recognised immediately, lo the extent that the reversal doe5 not result in a carying amtsunl of the financial a$set that exceeds what Ihe carrying amount would have been had the Impairment not previously been recognised. Deflnod contrlbullon pl•n¥ Conlrlbutions to deflned conlrfbution plans are recognbsed a8 an expen8e in the period in the related seNiee is provided. Prepaid contribution5 are recognised 88 an asset lo the extent that the prepayment wll lead to a reduction in future payments or a Ga¥h refuntj. When conlribulionB are not expected lo be settled wholly wthin 12 month5 of the end of the reporting dale in whi¢h the employees nder the relate(J gervice, the liability is measured on a discounted present value basis. The unwinding of the dlscount 18 recognised as an expense in the per5od in vknich it arises. 12
Independent Food Aid Network Notes to the Flnancial Statements feonLfmiqdJ Year ended 31 December 2024 Donations and l•g•clo$ Unrestricted Funds Restricted Total Funds Funds 2024 Donatlon Unrestricted grants and donatsons Dyers Scotligh Government Aurum Chari(able Trust Scotcen consultancy fee London Plus Grant- Project Willlam Kessler Family Trust 53,896 53.896 83,710 63,710 53,898 63,710 117.606 Unrestricted Funds Re81rted Totsl Funds Funds 2023 Donation• Unr8slrlded grant3 and donatlons Dyers Scottish Govemmenl Aurum Charitable Trust Scotcen con8ullancy fee London Plus Grant- Project William Kessler Family Tru81 97,848 8,000 97,848 8,000 37,065 20,000 2,000 10.900 80,000 37,065 20,000 2,000 10,900 80,000 185,848 69,985 255,813 Exp•ndltur• on charltabl• *ctlvltl•s by fund typ• Unrestricted Funds Restricted Total Funds Funds 2024 RearCh, connect. 8UPPQrt and advocacy Support CO8ts 181,818 1,230 64,306 246,124 1,230 247,354 183,048 64,306 Unre81ricled Funds Re$lrlcled Total Funds Funds 2023 Research. connect, support and advwacy Support costs 184,753 1,160 185,913 70,527 255,280 1,160 7D,527 256,440 13
Independent Food Aid Network Notes to the Financial Statements (Mnfrnuedj Year ended 31 December 2024 Expgndlturo on charitable activiti by a¢tlvlty typ• Activits'es Ltndertaken diredy Support costs Total fun 2024 Totsl fund 2023 Research, connect, support and advocacy Govemance costs 246.124 246,124 1,230 255.280 1.160 1.230 246,124 1.230 247,354 256,440 Not •xp•ndltur• Net expenditure is stated after charg1ntylcred.ngl'. 2024 2023 Operating lease ront815 188 Indopond•nt •Mmlnatlon f••s 2024 2023 Fees payable lo the independent ex8miner for.. Independent examination of the financial statements 1,230 1.160 Staff co•t• The total staff cost8 And employee benefits for thè reporting perlod are analy8ed as follows.. 2024 2023 Wages and salarfes Social gecudty cos13 Employer conlrlbutions to penslon plans 159,569 9,901 2,881 170,715 12.696 3,723 172,351 187,134 The total staff costs and employee benefit$ for the reporting period are analysed 85 follows.. 2024 2023 Wages and salaries Social security costs Employer contributions lo penslon plans 116,328 7.283 1.553 125.164 43,515 4,338 860 48,713 The aver8ge head count of employee8 during the year was 612023.. 61. No employee receivèd èmployee benefi18 of more than £80,000 during the year12023". Nill. 14
Independent Food Aid Network Notes to the Flnancial Statements (cl11¥d) Yoar ended 31 Decemb&r 2024 10. Trwte• rnmunarntlon and •xpon• No remuneration or other benefits fr employment Vth the charity or a related entty were recelved ty the trustee8. One of the trustees has claimed expenses or had their expen&e5 of £160 met by the charity. There wer• no other trustees expenses in the period. 11. Cr•dltor8: •mounts falllng due thIn ong y••r 2024 2023 Accrug18 8nd deferred Income Soclal security and other taxes Other Gredrtors 1,221 3,639 530 1.154 5.437 956 5,390 7,547 12. P•n*lon• and other po•t r•tlr•m•nt b•n•flts D•lln•d contrbbutlon plan• The amount recognI88d In income or expendrtum as an expense in relab.on to deflne(I contribution plan$ waB £2,881 12023.. £3,723). 13. An•ly•lB of charltabl• lund• Unrn•trlct•d lund• At 31 D•c•mb•r 2024 Al 1 January 2024 Income Expendllurvj Transfer8 General funds 232,345 53,896 1183,0481 14561 102,737 At 31 December 2023 At 1 January 2023 Income Expenditure Tr8ngferg General fundy 233.842 185.848 {185.9131 11,432) 232,34S 15
Independent Food Aid Network Not8S to the Financial Statements f¢MWftu•dJ Year ended 31 December 2024 13. Analys1• of charitable lund• f¢onllnu•tg Re8trlctsd funds At 31 D•Gomb•r 2024 Al 1 January 2024 Income Expenditure Transfer8 Scottish Govemmenl Aurum Charitable Trugt Comwall Coun¢ll London Plus Scolcen 83,710 160,1441 3,566 1,116 2,590 (1,5721 (2,5901 456 3,706 63,710 164,3061 456 3,566 Al 31 Oecember 2023 Al 1 January 2023 Income Expendlture Tran$ler8 Scotbsh Government Aururn Charilablt Tru8t Cornwall Council London Plus Scolcen 37,CK85 20,000 138,4971 120,0001 11,7201 18,3101 {2,0001 170,5271 1.432 2.836 1.116 2.590 10.900 2,000 69,965 2,836 1.432 3,706 14. An•ly•l• of ai•ots b•tw••n fund• Unrestricted Fund¥ Regtricle¢J Total Fund• Fund8 2024 Current assets Creditors les3 than 1 year N•¢ •¥••ts 108,127 15.3901 102,737 3,586 111,693 15,390) 106,303 3.566 Unre8tricted Funds Reslricled Total Fund$ Funds 2023 CulnI assets Creditors le$8 than l year N•t a•••t• 239,892 17,5471 232,345 3,706 243,598 17,$471 236,051 3,706 15. Relatsd partle• There Ere no rdated party trangacilon8 vthich require disdosure under FRS102. 16