REGISTERED COMPANY NUM8ER: 11503403 (England and Wales) REGISTERED CHARITY NUMBER: 1180603 SWINDON'S FOOD COLLECTIVE LTD UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENUED 31 MAR¢Pb 2024
$WINDON'S FOOD COLLECTIVE LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Pag• Report ol th8 Tr4451•¢• Independent Ex8miner' Report $tat•m¢nt of Flnaneial Aclivitie statem8nt of Finanrial Position Notes to the Financial Slat¢ment 9 to 15 Detailed Stotement of Financ•al A¢tivitiè*
SWINDON'S FOOD COLLECTIVE LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDEO 31 MARCH 2024 The truit••$ who are a150 dlrector5 of Ihe charity lor the Purposes of the CompaniÈ% Act 2006, presertt their report with the finaneial $talement5 01 the charity foi the year ended 31 Martth 2024. Tho trustees have adopted the provisions of Aeetsunlin9 and Reprtin9 by ¢h•riti8s: Statemenl of Re¢ommgnded Practice applicable lo Charities preparln9 th¢Tr a¢Munts in a¢¢ordan¢e with the Fin8neial Report¥ng siandard applieable in the UK and Republi¢ of Irèland (FR9 1021 (effective I lanuary 2019). OBJEUIVES AND ACTIVITIE$ Charity Mission The ¢harity' object• ('Obigcts ) as set out e¢Jmpany'6 memorandum and arti¢185 Qf 851•¢iakn are: The prevention or relief af poverty and lo preseNe and protect g¢x•d health by providing food, n-10•d and non.alcoholi¢ bEverag8$ to those in lirtancial need f¥r poor health in th• swindon and Di$tri¢t ara of Wiltlhirg. The eharily al#0 h4• a miosion: To redu¢e the impaGt ol food poverty on people in visis irt th¥ gwindon and di$triet ar9a. Tho Charity provldu short temi assistan¢ in Elle form ol emeryncy lood pareels lo artyone who faces short term difficulties through unemployment, ner1E delays, low income or other finaneial dlfficulties. Clients are provided with a nutritionally balanced supply of lood, 6ulfieient far 3.6 day$ and should their needs persist then lyrlher assistsnee through Ihe Faod Collective will be available. Th¢ ¢harity's volunteers seek to rèl*r ¢lrents to other support agencies throu9h whom thgy Can obtain longer term Pa9e I
SWINDONtS FOOD COLLECTIVE LTO RKPQRT OF TrIE TRUSTEES FOR YEAR ENDEO 31 MARCH 2024 AcHIEvgMENT AND PERFORMANCE Charitable a¢¢ivities The charity Currently ¢•mprlses ol a board of 6 tru5tee51 • ¢¥fflpaNy $eeretsry¥ S part-tiM ¢rnploy•d tafl and is supported by over 100 volunteerj. We leae a warehouse where is delivered. sorted, stored, picked and packed inlo emergency lood parcels. We distribute trom I I centre5 loeated varigus ¢hur¢h hall$ in and 4mud Swindon, we have 3 van$ whi¢h are used to eolleet danations frnm varitsu$ IDeation$ and deliver food to our distributton eentres. Each van is sppnsored by a e¢)rporate supporter vJh•se logg is di$play•d in •ythangè for a financial donalion. Our Jerviee relies on the goodwill of volunteer who donate their time regulaity to support the warehouse operations, a551$t our JÈrvice user5 at the distribution ¢entre and mana9e the delivery and collection ol wds. Eaeh volunteer donate$ at least 3 hour% a week and this gives the ¢harity in exte ol IS.000 hours per year as a minimums many voluntèers do two or more se55i9n$ a week. Last year we r? privileged to have 19 employee teams from vartous businEsse$ in and around Swindon tg come in to help us in the warehpu$e. This is an enoirnou$ help and we will eontinuè with thi5 level ol support again Ihis yeort the Tru#teÈs appreeiate the support of all lAtet and send our hoarlf•lE thank6 to Ih•m all. Las1 year we pur¢ha#ed ow firsl Electric vehi¢181 thi• ha¥ b¢¢A very eCeSSIu1 and in lin• with 3.y•ar plart we wlll swap all vehicles to EIKtri¢ ovw the comin9 years. The charity will coniinU¢ tr ue The Bible Society Warehous, IA¢ludin9 a+aditianal warehouEe ond offi¢e •paeè for which we are extremely gratelul. Wè have cencluded the lease negOtTair•n and this will r until Mareh 2026 Food Colleetive works in partnership with rnany supermaikets and businesses acr05¥ th town who host eolleetion bins hr slypers to deposit food. We also receive donation from Chur¢hes, io¢al businesse• and schools. The total volumes of donalions have de¢lined a9atn this year as we Continuously pureha$6 f¢Jod to Ènsure we have enough lo supply our clients. These items are paid for throu9h the fInala1 generosity ol our regular donors, large local eompanie% and supporter$ as well as two SignifinI grant• from Swiindorh Borough and Wiltshwe ¢oun¢il. Ea¢h individual or lamily referred to the food bank will ealleet a nutrrtionalty balanced food box, pEronal toiletries and household ¢leaning products from their ¢hosen distribution ¢¢ntre. We have also eontinued to oflw top.up.bag5 (TUBI lor each new referral lat centres which h4ve suffieiertt storage space) and exlra product that h35 been donated but not within ow slaple boxes, IE 9ravy granules lan kel¢hypi mayonnaisei Irats tte. In additi¢>n, we continue to offei Easter, Summer and ¢hri$tmas ba9¥ whieh increasgs our Support at difficult times, this 15 Qver and abtsve thè Mrmal leod b)x on olfer. Over the last 3 year• w¢ havè ollered hot w3teT boltle• and bl•nkets alon9 with othgr •swntial provi$ion$, lo help kèep our clients wami, this 1$ paid lor throu9h the generosity ol our regular dtsnors orhd supporte1$. These were much appreciattd and wi51 be rep8ated this winler. We al$0 ¢orttinue ta signpo$t Clients io other local support ageneios for appr?priat¢ a551qtaNee wllh benefits. d•bt hglp with household bills et¢. We eonlinue to work wjilh other organisations in the area who w•vide food to vulnerablo pgoph, •ll bY producti are delivered direct to Grow Baby on • TY•)nthly basis. We also continue ¢0 support Gorse Hill Qommunity Fridge, wilh any swplus stock and any out ol dats Product. In addition we help Swindon Caring HeaTt5, The Foyer. GWH. The Harbour Project & rxeat We51errt Hotel (supported accommodoli¥n lor the home1)- We have allo $peeifieally ueated an olfer of "ketlle foods" for anyone without ¢o¢)kin9 facilitie5. ereating $eparate boxes including Pot noddle'j, dried l¢)ods, cr8¢kers and pastel soup ete Durin9 the year. we received 85.09 tonnei ol donated stock and di5trth)uted 116.7 tonnes, we puKhased 17.5 tonnes to enablo US to continue our eredible service. Dwin9 the firbaneial year ol April 2023 tg Marrh 2024 SFC assisled ovw 10,350 pe¢pEe of whi¢h Mughly 26% were children. Page 2
$WINDON'¥ FOOD COLLECTIVE LTD REPORT OF THE TRUSTEES FOR THE YEAR ENOED 31 MARCH 2024 FINANCIAL REVIEW Reserves poliey It is the poligy of Swind¢n' FId Colle¢tive to hold in reserve the equivalenl 01 24 monthsl general running Costs and fr1d Iheie al duiwatèd luturÈ expÈnie Free Reserves are thase m•Nes held by Ihe charity Ihat are not deiwated. FUTURE PLANS We will continue tu review and update the 3-year bu#inèii plan lo en¥ure Swinilon Food Collective remains sujtainable and capable ol meetin9 thg •vgr.¢hangin9 and continuing in¢reasing domand. We will work elosely wlth the Swindon Aorou917 Council to SUPPOTt other local lood agon¢io$ Key planned aclivstie l¢ir 202412025 includ•: The additional employment ol OpÈraiion$ Manager Continue and improve our support to thè many other Charbtrès in and arwnd $vJindon area Continuo to supply hot water bottles and blankets rIn9 the winter priod and 2024 lrt¢lud• th• ditiibuEioTh ol K$tUe$ and Slow Cookers Continue our on9Oln9 plan to en•ur¢ we have enough staple stock to supply aur clients and PLrchase ae¢ordingly. ¢gntinu8 our plans to pur¢has8 another E vehide t• repl•¢e older dlmel ¥an and ¢Ontrlbuie to redueing our Tbon lootprint Ensure all staff are lully trairled irt both Firs1 Aid 01 Monual Handling. ConEinu8 our ongoing pmgram to Irain all volwiteer5 in Man4ral Handling training and redu¢e risk to Health & Salety Create a Mental Hèalth First Aid program lo supporl all 5Ealf and volunteers Iteview and improve our social media en9agÈmenl viith the Support of local 0995 Croate a business plan that enables fLmders to feel confident in our plans and $uppor¢ strategy Work on fundraising opportunities to maintain our current linaneial position The trustees intend t• tlSe s•n ol Ihe Free Reserves in the next finottclal y¢ar 12024129110: Outwur¢e HR lo Roots HR lo ensLrre all HR policies are in line wilh new le9islatio Outsource thè recruitmpnt of now Opgration5 Manag•r Create the ne¢es$ary trainin9 required tc ensyre a safe and healthy environrneni Continue our ongoing plan to replace d¢esel veht¢le(sl with electric vehicles Ivhlrodueè Mèntal HEalth first aid training Conlinue our plans to fund renovatitin lor the redvel•pm¢nt Of St Aldhelm'$ distribution G¢ntr# to mat¢h fund the application 01 $peeifK grant applications and awards. This will enable u to improve la£ilities there and Jo offer an enhanced •ervic• al our bu$iet c•ntr&. Purchase staple food. kettle food and toiletries to ¢tt$ur w¢ have full $uppli¢s STRUCTURE, GOVERNANCE AND MANAGEMENT Govèrnin9 doeumeni The charity 1$ controlled by its 9overnin9 doeument, a deed of tru%tt and ¢on•titutes a limited companyp limited by guarantee, as defined by the Companies Act 2006. REFEFIENCE AND ADMINISTRATIVE DETAIL$ Registered Company number 11503403 (England anfl Wales) Re91Stered Chartty number I IB0603 Registered office The Warehpu5e, BentIrn Cl¢>s• stonehill Green Westlea SWINDON Willshire SNS 7DG Pag• 3
SWINDON'S FOOD COLLECTIVE LTD REPORT OF THE TRVSTEES FOR THE YEAR ENDED 31 MARCH 2034 Trustee¥ Mrs H L Gerr45h Chair (r86igned 4.Y.231 Mr$ D J Edwards Mrs J T Bond Iresi9ned 8.12.231 Mr M Davies Ms $ Bradley Mr N L Plopkins lappuinted 17.6.231 Ir•i9AÈd 16.10.23) Mr T Owen (resignèd IS.1.241 Ms S A Austen Mr V Manro {appointed 23.8.23) (rul9ned 26.4.24) MJ C Akram (appointed 2.2.241 Ms A Long (appointwl l.1.24) IndepEndertt Examiner Morris Owen Chartered Accountants 43.4$ D&vizeA Road SWJNDON Wiltshire SNI 4BG Approved by order Of th l>oard of trustees on g Qetober 2024 and 61gMd on ils bghall by: J Eflwards- Trustse Pa9e 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SWINDON'S FOOD COLLECTIVE LTD Independent examln¢r'5 report lo the trugte•% of Swindon's Food C¢lle¢tive Ltd ('th¢ Comp4ny') J report to the charity Irl1¢• on my •xamina¢ron of the accounti ol Ehe Caryany lor th• year ended 31 March 2024. Responsibilities ar bas1$ pl report AA the eharrty's tru$t¢e$ ol the company land also ils direetors lor th purposes of company lawl you aro re¥ponsible for the yèparation ol the aerflunls kn afy%•rdan¢e with the requiremEnt6 01 th¢ ¢¢xnpanies Act 2006 I'the 20ts6 Act'l. Havin9 satisfied myself that the accounts of the company are not required to be audited under Part 16 01 the 2006 Act and art gligible lor indeperhdent examination, I r•port in respeet of my examinat¢on of your charity's aeeounts as ¢arried out under Section 145 ol the Chariti•s Aet 2011 I the 2011 A¢t'l. In carrying out my examinati¢Jn I havt followed the Dire¢iions 9lven by the Charity Commi5stark under $g¢tion 1451$) Ib) ol the 201 l A¢t. Independent examiner's slatemeni I have ¢ornploted my •xamination. l oanfimi that ng matter¥ have e¢%no ts my att•nttgn in eannertion wtth the examination glvin9 eause to belie". a¢u]S records wer8 not kept rospeet of the Company a rgquired by ¥egtf•n 386 •1 the 2006 Aotj or the a¢¢ounts do not accord with those reoard$," or the accounts do not ¢¢)mply with the a¢eounting reqLFirements 01 geetion 396 of the 2006 A¢t other than any roquirement that the a¢wunt give * true and fair view whi¢h is a matter wnsider¢d a• part ol an independent examinaion" or the accounti have noi b•en prepared in a¢¢ordan¢e with Iho method$ and prin¢iple ol the ststemgnt ol Recommended practi for a¢Utin5 and reporting by charitie lapplicablg to ¢haritie$ preparing their ac¢ounls accordan¢¢ with the Finanei41 Reporting Standard appli¢able in the UK and Republic of Ireland IFRS 1021). I hav0 no coneerng and have come across rto other Matter$ itt ¢onneetion with tho •xamination to whi¢h attention should drawn in this report in order to enable a woper understanding ol the a¢¢ounts to bè reached. lan Sumblw FCCA Morris Owen Chartered A¢coLtntants 43.45 DevizES koad SWINDON WiltshirÈ SN1 4BG Dal•". Page 5
SWINDONIS FOOD COLLECTIVE LTD STATIMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted rund R¢$tricted lund$ INCOME AND ENDOWMEt¥TS FRQM Dtsnati¢ns and lega¢Ées 211.223 12,lJOO 223,223 272,581 Inve¥tment ineome 10,692 10,692 2,040 Total 221.915 12,000 233,915 274,621 EXPENDITURE ON Direct Charitable a¢tivitie¥ 3Y,970 12,C4JO 49,970 19,824 othèr 106.361 2,895 109,056 108,081 Ttytal 144.331 14.695 159.026 127,845 NET INCOME/(EXPENOITURE) Y7,584 (2,595) 74.899 148,776 RECONCILIATION OF FUNDS Total lunds brou9hl frrward 603,312 16,189 619.481 472.705 TOTAL FUNDS CARRIED FORWARD 680,898 13,474 694,370 It9,481 The nots lorrn part ol these financial *tOtements Pa9e 6
gWINDON'$ FOOD COLLECTIVE LTD STATEMENT OF FINANCIAL POSITION 31 MARCH 2024 2024 Total funds 2023 Totsl funds UMrestrS¢te fund Re$¢ri¢led funds Notes FIXED ASSETS Tattgible assets 10 52,393 13.474 65,869 17,454 euRftENT ASSETS Deblors cash at bank •nd In hatr)d 1,Sl8 629,489 1,518 629,489 3,708 600,713 631,007 831.W7 604,429 CREDITORS Amount• lallin9 d¥¢ withln one year (2.508) (2.506) 12,402) NET CURRENT Assrrs 628,501 628,601 602,027 TOTAL ASSETS LESS CURRENT LIABILITIES 680,896 13,4Y4 694,370 619.491 NET ASSETS 680,896 13,474 694,370 619,481 FUNDS Unrestricted lunds Reitri¢ted fund¥ 680,896 13,474 603,312 16.169 TOTAL FUNDS 694,370 619,481 The chartlable eompany is entitled to exebNltipn fr¢>m audil Uler Se¢tion 477 01 the C•mpani8s Aet 2006 for the year ended 31 Mar¢h 2024. The members havè not required the eompany t• obtain an audil Qf its linancial stslemvnt for th yea ended 31 March 2014 in accordance with Section 476 of the ¢¢)mpHnieJ Act 2C•)6. The tmiteès aeknowled9e their respon$ibililies laf (al ensuring that the ¢harilable wmpany keeps a¢¢gunting Tecord5 that ¢omply with see11¢9 3B6 and 3B7 01 the Companies Act 2006 ond preparing finaneial statemÈntg whieh give a true and fair view ol the state ol aflaips of the charbtable company as at the end ol each financial year and of its surplus or deficit foi each rinan¢ial year in accordan¢e with the requir2mÈrtts ol Seclions 394 and 395 and which olhorwi comply with the requirementy of the Compa*ies Act 2006 relating lo finan¢ial 5tatemen161 50 far a¥ applicable to thè Charitable company. (bl The nole$ form part af these financial statement¥ PAg• Y contYed...
SWINDONI$ FOOD COLLECTIVE LTD STATEMENT OF FINAlAL POSITION . cpntinued 31 MARCH 2024 These finan¢ial slatemont5 havo be•n prgpar¢d in a¢¢ordan¢è the provisions applicable to ¢hariEablg companies subie¢t t<¥ th smèll ¢ompoMles reglmè. Tho fanCIal 5tst0ments were appoved by thé Roard of Trustees and autharisod for is•u• 9 Otslober 2024 and were signed on tts behall by: J Edwards - Trust00 Ms S Bradley . TruFt•o The notes form part ol these financial stalements Page 8
gWINDON'8 FOOD COLLECTIVE LTD NOTES TO THE FINANCIAL STATEMEl+JTS FOR THE YEAR ENDED 31 MARCH 2024 MPAf4Y INFORMATION Swlndon'$ Food Collectlve Ltd li a company limit•d by 9uar•nt••, r•gist9r9d irt England w•l•s. The ¢¢)mpany's regi$t¢red and reglsl¢r¢d ¢lll¢ addr• ar a• below: R•gistsred numb8r: 11503403 Re9islered Office: The Warehoue, Bentham Cl¢)se. Wetlea, Swindon. Wiltshire SNS 7DG. Th¢s¢ finarteial tat¢mertts ar pre¥ent¢d in 8rili¥h po5 (£)tr whi¢h 15 the ¢ompany'¥ lun¢tvJnal and presentatiortal currency. A¢¢OVNTING POLICIES Ba516 of preparing the financial slatemonts The linancial statements ol Ihe charitable companyp which is a public benelit entity under FR$ 102. have been prepared irb accordance with the ¢hari¢i¢¥ $ORP (FR9 102) 'A¢counting and Reporting by Charities: Statement ol Recommended Pra¢ti¢e applicable to eharities preparing Iheii attountS in aG¢ordange with the Financial Reporting Stsndard applicable in the UK and Republic af Ireland IFRS 102) lèlfeetive l January 2019),, Findla1 Reporting Standard 102 'Tho Financial Reporting Stsndard applicable in the UK and Republic of Irelartd, and the Compattiès Aet 2006. Thè finan¢ial slatements have t4en prepared under the t7iSt•ri¢al $1 ¢¢ventiOn. Income All income is reeognised in the Statement 01 financial Activities once the charity has entitlement to the lynds, it is probable that the income will be received and the amount Can be measLwed fvlilbly. Expenditure Liabilities ar• r8¢ognised a6 oxpgnditur• a6 60on a6 Ihoro is a legal or construclivg obligation omrnittin9 the charity to that expendituret it is probable that a Eransler of e¢onomi¢ benefits will be reqLtired in setllement and Ihe amount of the obtsgatitirt catt be measured reliabty. Expenditure Is a¢¢ounted for on an 4¢¢rual$ basif and has boen ¢la65ifiod und8r hoadings that aggregato all ¢ost related to the eategory. Wherè £a$ls eannot be directly attributed to partitsular heading$ they havo be•n allocated to activiliu on a basi• consislent with the u•0 of res¢>urce•. Tangible fixed assets Depreciation is provided at the ft>llowing annual rates in order to write Qff each asset over its èilimated u$Èful fiftr. Fixtures and fittin95 Motor v•hi¢19s computer equipment 25% on reducin9 ba18nce 25% on reducing balance 33% on reducing balance Taxation The ¢hartty is exempt fr+Jm ¢orporation tax on ils charitsble activities. Fund aeetsuntin9 Unreslrioted funds can be led in aeeordan¢e with the Charitable obje¢tive5 at the discrelion of the tNitee5. Restr¢¢ted funds ¢an •nly be used lor p8Tti¢ufar restricted purpgse$ within Ihe •bie¢ts 01 the ¢harity. R•$trictions arise when spe¢ified by the donor or when fd5 aro raised lor particular e$tii¢tÈd purposei. Further explanalion ol the nature and purpo$8 of each fund is Iluded in Iho notss to the fina[al statempnt5. Pension eosts and other pasl-retirement benefits The charitable ¢ompany operates a defined contribution pension scheme. Contributions payable t the Gharitable ¢ompany'¥ pension Scheme are ¢harged to the Statement ol Finafi¢ial A¢tivitle$ On the period to whiGh they relate. Page 9 ¢¢11nUed...
SWINDON'S FOOD COLLECTIVE LTD NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDEO 31 MARCH 3014 ACCOUNTING POLICIES - ¢ontlnued The vajt majority of our to¢k l donated and monetary value is attributod to il as w• will b• distributing to the Community witlwul Onward eharge. It is however importsnl to recognise thè anK•Unt at any point in tIME. All sl•¢k is weighed in upon entering the warehou%e and weighed ¢Jut upon distribution. These are recorded in paper reeords which are transferred onto a database thal provides extontsive analy•is around donor6, types, distribution and 6tock hgld. A bi-annyal slovk tske normally lakes Pta¢e late March and is ¢ompaTed to Ihe ¥totrk database, a loleranee of s% is allowed. Stock held at 31sl March 2024 was 20.143 k9. DONATIONS AND LEGACIES 2024 2023 Donation5 Grants Memb8f5hip Other ineome 208,210 14,$00 470 43 263,487 8.574 520 223,223 2Y2.681 Grants received, included in the above. aro a$ follows: 2024 2023 othv granls 14,500 8,574 INVESTMENT INCOME 2024 2023 Interest receivable 10,692 2.040 NET INCOME/{EXPENDITURE) Net ineomo/{8xp8ndituro1 is 5ts18d alt•r ¢hHr9in91(Critin9). 2024 2023 Depreeiation . owned assets 8,838 7.986 Pag• 10
SWINDONIS FOOD COLLECTIVE LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE VEAR ENDED 31 MARCH 2024 TRUSTEES, REMUNERATION ANO BENEFITS Ther woro no tru¥lees' rembmeration or other benefit5 lor the y4r ended 31 Mar¢h 2024 nor for the year nded 31 March 2021. TruFtees' expenses There were no liustees, expenses paid Iw the yèar ended 31 March 2024 nor for the year endd 31 March 2023. STAFF COSTS 2024 2023 WA985 and salari•s othèr pension eost 67,154 1,250 58,320 I,ios 88,403 59,425 The avera9è morbthly number ol ernployees during the yeai w46 as lollows: SuPrt 2024 2023 No employees reeelved eM0MentS in exce* ol E60.000. INDEPENDENT EXAMINERS FEES 2024 2023 Statuiory a¢¢ountg production • extemal s¢rutiny 1,680 1,$80 1,880 1.s60 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unr85tri¢ted Restricted Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 169,008 3,gY3 272,58f Invè%Ernent in¢om• 2,040 2.040 Total 271,048 3.573 274,621 EXPENDITURE ON Dir•¢t eharltablg aetiv1¢0¢5 18.097 3,727 19.8a4 Olher 10t,60A 1,41 9 108,02q Total 122,699 5,148 127,845 NET INCQME/(EXPENDITURE) 148,349 (1,5731 146,776 RECONCILIATION OF FUNDS Tolal tur brt)U9ht forward 454,963 17.742 471,705 Page 11 ¢ontinued...
SWINDONIS FOOD COLLECTIVE LTD NOTES TO THE FINANCIAL STATEMENTS . ¢ontinued FOR THE YEAR ENDED 31 MARCH 2024 COMPARATIVE$ FOR THE STATEMENT OF FINANCIAL ACTIVITIES - ¢¢)ntsrtued Vnreytricted Restricled rund fundj TWI funds TOTAL FUNDS CARRIED FORWAR 603,312 16,169 819,481 TANGIBLE FIXED ASSETS FiXre5 and fiitings Plant and rnachiny Motor vghicléi ¢omputei equipmont Total COST At 1 Awil 2023 AdditlQnS 5,283 3S,000 46,387 1,400 246 41,663 57,253 10,620 At 31 March a024 10,620 6,263 81.387 1,646 99.916 D£PRECIATION At 1 April 2023 Charge for y¢•r 2,104 790 21,358 7,276 747 241 24.209 8.838 531 At 31 March 1024 531 2,894 28,834 988 33.047 NET BOOK VALUE At 31 March 2024 10,089 2,369 52,7$3 658 65,869 At 31 March 2023 3,159 f 3,642 663 f 7,454 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE VEAR 2024 2023 Other debtors Prepaynwits and accrugd income 1,518 3.621 1,518 3,706 CREDITORS: AMOUNT5 FALLING OUE WITHIN of4E YEAR 2024 2023 Bank ILwns and overdrafts (gee ntlte 13) Trade ereditors other ered¥tors Accrual$ and delred income 180 351 1,860 340 2.166 2,500 2,402 Page 12 eonlinued.
SWINDON'S FOOD COLLECTIVE LTD NOTES TO THE FINANCIAL $TATEMENTS . continued FOR THE YEAR ENDED 31 MARCH 2024 LOANS An analy515 of the maturity af lo•n• is siven below: 2024 1023 Amounts fallin9 within on¢ y•4r on +aemand: Bank overdraftg MOVEMENT IN FUNDS Not movtrnent in fund At 31.3.24 Al 1.4.23 Unrestrieted funds Ggneral lund 603,3 12 77,684 690,896 Restrrcted funds Reslrteted è$5ol 18.169 (2,895) 13,474 TOTAL FUNDS 619,481 Y4,889 654,370 Net movern¢nt in ILmdi. In¢luded in thÈ above are as foll¢)w¥: Ineomirtg resoi1Kei Resource •xpended Movement in lunds Unres¢ricted funds General lun+J 221,gq¥ (144,331) 77,584 Restrieted fund• Restricted asset Restrieted operating (2,695) (12,000) (2,891) 12,000 q 2,000 (14,695) {2,895) TOTAL PUNDS 233.916 (159.026) 74,889 Comparatlves for movement in lunds Net movement Al 31.3.23 Al 1.4.22 Unrestri¢i*d funds General fund 454.963 148,349 603,312 Restrleted fund6 Re#tri¢ted asset Restficled operatin9 16,169 1,573 16,169 11,573) 17,742 {1,$73) 16,169 TOTAL FUNDS 472,705 148.776 619,481 Pa9e 13 eonllnued...
SWINDON'S FOOD COLLECTIVE LTD NOTES TO THE FINANCIAL STATEMENTS . eontlnued FOR THE YEAFi ENDED 31 MARCH 2024 MOVEMENT IN FVNP$ - ¢¢tInued C•mparaliv• net movemgnl in fund•, included in the above are as lo1ju. Incoming resources Resources expended MMeThI in tunds Unrestricted fund$ General lund 271.048 (122,699) 148,349 Reslri¢ted fund$ Restricted operating 3,573 {5,146) (1.573) TOTAL FUNDS 274.621 1127,845) 146,YY6 A current yr 12 months and prior year 12 months wmbined poilion is as follows: Net movemenl in fundj At 31.3.24 At 1.4.22 Unrestricted funds G9ngral fund 454,963 225,933 OBO,896 Restrieted funds Restricted as501 Restricted operaUrt9 16,169 1,573 {2,69S) (1,573) 13.474 17.742 (4,268) 13,474 TOTAL FUNDS 472.705 221,665 694,370 A Current yèar 12 months and prior year 12 mortths eombined net movenwnt in funds, in¢lud¢d tho above aro a6 lojlows: Ineoming resoLsrees Resources expended Movemertl in funds Unrestricled fund5 fjgngral fund 492,963 1267,030) 225,933 Restricted funds Re$tri¢t4d 05¢1 R¢stA¢ted operating {2.695) 117,146) 12,699) (1,573) 15.573 15.573 119,841) (4.268) TOTAL FUNDS 50B,536 1286,871) 221.665 Page 14 torttinued...
swinrDONI$ FOOD COLLECTIVE LTD NOTES TO THE FINANCIAL STATEMENTS . continu8d FOR THE YEAR ENDED 31 MARCH 2024 RELATED PARTY DISQLOSURES There were nE¥ relatèd party transa¢tions for the year ended 31 Mareh 202A. Pay is
8WJNDON'S FOOD COLLECTIVE LTD DETAILED STATEMENT OF FINANCIAL A¢TIVITIES FOR THE YEAFI ENDED 31 MARQH 1024 2024 3023 INME AND ENDOWMENT$ Donation¥ and le9aeie Donatigns Grants Membershry) otr tn¢omtr 208,Z10 14,500 470 43 263,487 8,$74 520 223.223 2Y2,581 Investment inwfflè Interest e1Vable 10.692 2,040 Total incoming t#ree$ 233.915 274.611 EXPENDITURE Rar$in9 donations and le9acies Food Motor expertses 8tsxe$ Blank•t51 hot water bottlgs 37,909 7,894 8.639 6,235 1,201 3,749 4,187 49,970 19.824 Support cost$ Management Wages Pensions 67,163 1,250 SB.3ZO 1,106 68,403 59.425 Finanee Insuranco Teleplwne & intemet stati¢)neryi PQstsgtJ frei9ht Sundri•$ Bank ¢har9es stair training Travel & wbsistenee Entertairtmettt Rent SUbrIPtIonS Repairs Advertlsing & promolion 863 1,830 1,661 1,520 886 95£ 8$4 1.842 1,835 2,546 939 1,210 32 77 25.21 S 435 439 134 I S,208 945 338 304 1,167 705 50 Charitable donatio Website cost Depreoiation of tangib fixgd 4$1ètS 1,767 8,839 7.966 36,416 44.144 Governatr 00515 A¢utan¢Y and le9al fees 4.237 4,452 Thi pa9e does tiot form part ol thè stawttyy finan¢ial 5tat¥ments Paoe 16
SWINDON'$ FOOD COLLECTIVE LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE VEAR ENDED 31 MARCH 2024 2024 2023 T•tal reour¢es expndgd 159.026 127.84S Nol ineome 74,889 f 48,776 This Page does nol form part of th statukry financial ststernents Page 17