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 nUM￿r
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
(Rel￿ned 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
BI￿ster 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 aCti￿lIeS. 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 fo￿ard ￿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 Shov￿caSed 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 SeM￿struCtu1ed 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 lo￿1 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, C￿fidenCe
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 Ne￿Ik 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 thr￿ghOut 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 effeCt￿e 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 W0￿ed 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 In￿Me 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

cttu
>0
ou
?J
Z E ￿ClI1J￿Ojo

Independent Food Aid Network
Statement of Financial Activitles
Year ended 31 December 2024
2024
Restn"eted
fundy Tol•l funds Total lunds
2023
un￿strICted
lund¥
Incom• and 0nd0￿rynants
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 actIwt￿B
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 cha￿tY 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 su￿rId¥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 rnSour￿s
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 (C￿￿￿￿ed)
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
Re81r￿ted 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
R￿earCh, 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 (cl￿11￿￿¥d)
Yoar ended 31 Decemb&r 2024
10. Trwte• rnmunarntlon and •xpon•
No remuneration or other benefits fr￿￿ employment V￿th 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
Cul￿nI 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