Registered number: CE018321 Charity number: 1184601
FOOD FOR THOUGHT DAVENTRY
(A charitable incorporated organisation)
UNAUDITED
TRUSTEES' ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
FOOD FOR THOUGHT DAVENTRY
(A charitable incorporated organisation)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Company, its Trustees | 1 |
| and advisers | |
| Trustees report | 2-7 |
| Independent Examiner's Report | 8-9 |
| Statement of financial activities | 10 |
| Balance sheet | 11-12 |
| Notes to the financial statements | 13-24 |
FOOD FOR THOUGHT DAVENTRY (A charitable incorporated organisation)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2023
Trustees Miranda Wixon Angela Gee John Kenneth Manning-Smith (resigned 12 January 2024) Helen West (appointed 11 January 24) Rachel Johnston (appointed 15 January 24) Teresa McCarthy-Dixon (appointed 15 January 24) John Brownhill (appointed 11 July 24) Company registered number CE018321 Charity registered number 1184601 Registered office Foundation Building New Street Daventry NN11 4BT Accountants Delyth Bending Accountancy Ltd Chartered Accountants 4 The Paddock Lower Boddington Northants NN11 6YF
1
FOOD FOR THOUGHT DAVENTRY
(A charitable incorporated organisation)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 JULY 2024
The Trustees present their annual report together with the financial statements of the Food For Thought Daventry for the 1 August 2023 to 31 July 2024. The annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The objects of the Company, as set out in its Memorandum of Association, are:
We aim to alleviate hunger for children, families and the elderly in the Daventry District (now West Northants) by providing access to sustainable affordable food. This brings the community together in an environment where there is no stigma or embarrassment. 4,900 children (plus families) in Daventry District could need this help. We support schools, the local community and local businesses.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Activities undertaken to achieve objectives
The Company has set up several food larders. These are located in Woodford Halse, Daventry, Brixworth, Helmdon and Brackley. The charity also provides additional warm spaces opening during January to March.
2
FOOD FOR THOUGHT DAVENTRY
(A charitable incorporated organisation)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
Achievements and performance
We are pleased to present these accounts and reflect on the tremendous impact our volunteers have made over the past year and can reaffirm our confidence in our ability to continue to deliver our vital services.
a. Review of activities
The charity has concentrated on improving and developing its community larders this year, with large changes in the supply chain and funding successfully navigated by the team of larder leads.
The six larders currently have approximately 18,000 visitors a year with 43,000 actual beneficiaries.
This has been a major achievement to successfully reach such a huge number of households with access to affordable and sustainable food and household supplies whilst creating a friendly and approachable environment with no judgement.
Our larders are also a conduit to other useful life-improving services for our communities, and provide a venue and a route to communicate with the residents who need to know more about available advice and support from the Council and charities.
The larders have also been part of the Warm Spaces Initiative during the winter months, and in some cases segued into year-round sessions, improving connection and friendship in addition to practical heating support when needed.
The larders will continue to face challenges with funding, logistics, storage and labour time this year but we are facing those challenges head on with a fantastic group of people.
b. Celebrating our volunteers
Volunteers are the heartbeat of our organisation. Their diverse skills and unwavering commitment enable us to serve our communities effectively. Our volunteers undertake a variety of roles, each crucial to our mission, some of which are visible, and others in the background, and not just on the days that the larders are open.
3
FOOD FOR THOUGHT DAVENTRY
(A charitable incorporated organisation)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
b. Celebrating our volunteers (continued)
From administrative support that ensures smooth operations; to on-call responders leaping into action to collect available food from sources; to regular weekly commitments to long-haul collections; to the behind the scenes stockists; to those front-of-house who directly engage with those we serve; to those who fundraise and track down supplies : our volunteers are integral to everything we do, and all enhance our capacity to reach more individuals in need.
c. Financial health and operational security
We are proud to confirm that our financial status remains robust. Through the generous contributions of our donors, successful grant applications, and diligent financial management, we have secured the nessary resources to support our operations for the upcoming year. Our financial reserves have been strategically enhanced, providing a stable foundation upon which we can commit to maintaining and improving our service and facilities as appropriate across our venues.
As we look to the future, we recognise that demand for our services may continue to grow, even whilst our ultimate aim is to reduce the demand for support. However, thanks to our meticulous planning and the dedication of our volunteers and staff, our operational framework is flexible, allowing us to adapt to changes while maintaining the quality and consistency of our services.
d. Looking ahead with confidence
As we move forward, we are excited about the prospect of deepening our impact within the community. We will continue to explore new ways to engage our volunteers, ensuring that they feel valued and supported in their roles. Together, we will respond to the emerging needs of those we serve, reinforcing the vital work we do.
We would like to extend our heartfelt gratitude to each and every one of our volunteers, supporters and community members. Your belief in our mission drives us to achieve excellence, and we are inspired by your ongoing commitment to making a difference.
Thank you for standing with us as we look to the future with hope and determination.
4
FOOD FOR THOUGHT DAVENTRY
(A charitable incorporated organisation)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
It is the trustees' aim to maintain free reserves at:
-
Six months running costs allowing for fluctuations in income and ongoing equipment purchase and repair.
-
A reserve for the costs of purchasing and converting new premises.
The level of reserves is monitored and reviewed by the trustees annually.
Structure, governance and management
a. Constitution
Food For Thought Daventry is registered as a charitable incorporated organisation.
b. Methods of appointment or election of Trustees
The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
c. Financial risk management
The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
5
FOOD FOR THOUGHT DAVENTRY
(A charitable incorporated organisation)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
Members' liability
If the CIO is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.
Public Benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
6
FOOD FOR THOUGHT DAVENTRY (A charitable incorporated organisation)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Miranda Wixon
Date: 27 February 2025
7
FOOD FOR THOUGHT DAVENTRY
(A charitable incorporated organisation)
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FOOD FOR THOUGHT DAVENTRY FOR THE YEAR ENDED 31 JULY 2024
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 July 2024 which are set out on pages 9 to 23.
Respective responsibilities of trustees and examiner
As the charity’s trustees of Food For Thought Daventry you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of Food For Thought Daventry are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act and of the Charitable Incorporated Organisations (General) Regulation 2012.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
- accounting records were not kept in respect of Food For Thought Daventry as required by section 386 of the 2006 Act;
or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
8
FOOD FOR THOUGHT DAVENTRY
(A charitable incorporated organisation)
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FOOD FOR THOUGHT DAVENTRY FOR THE YEAR ENDED 31 JULY 2024
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
......................................
Delyth Bending Delyth Bending Accountancy Ltd ICAEW 4 The Paddock Lower Boddington Northants NN11 6YF
27 February 2025
9
FOOD FOR THOUGHT DAVENTRY
(A charitable incorporated organisation)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2024
| Unrestricted Restricted Total funds funds funds 2024 2024 2024 Income from: Note £ £ £ Donations and legacies 3 32,270 186,787 219,057 Charitable activities 3 117,843 - 117,843 Investments 3 407 - 407 Total income 150,519 186,787 337,306 Expenditure on: Raising funds 4 - - - Charitable activities 5 82,644 104,415 187,059 Total expenditure 82,644 104,415 187,059 Net income / expenditure 67,875 82,372 150,247 Transfers between funds - - - Net movement in funds 67,875 82,372 150,247 Reconciliation of funds: Total funds brought forward 26,529 3,776 30,305 Net movement in funds 67,875 82,372 150,247 Total funds carried forward 94,404 86,148 180,552 |
Total funds 2023 £ 58,089 79,436 135 137,660 - 114,483 114,483 23,177 - 23,177 7,128 23,177 30,305 |
|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 13 to 24 form part of these financial statements.
10
FOOD FOR THOUGHT DAVENTRY (A charitable incorporated organisation)
BALANCE SHEET AS AT 31 JULY 2024
| Note Fixed assets Tangible assets 10 Current assets Cash at bank and in hand Stock 11 Trade Debtors Prepayments 12 Net current assets Creditors: Amounts falling due 13 within one year Total assets less current liabilities Creditors: Amounts falling due 14 within one year Total net assets Charity funds 15 Resricted funds 16 Unrestricted funds 16 Total funds |
2024 2024 2023 2023 £ £ £ £ 14,363 5,200 154,622 39,305 11,153 6,000 170 - 79,237 - 245,182 45,305 (71,821) (16,300) 187,724 34,205 (7,172) (3,900) 180,552 30,305 86,147 3,776 94,405 26,529 180,552 30,305 |
|---|---|
The notes on pages 13 to 24 form part of these financial statements.
11
FOOD FOR THOUGHT DAVENTRY
(A charitable incorporated organisation)
BALANCE SHEET (continued) AS AT 31 JULY 2023
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Miranda Wixon
Date: 27 February 2025
The notes on pages 13 to 24 form part of these financial statements.
12
FOOD FOR THOUGHT DAVENTRY
(A charitable incorporated organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
1 General information
Food For Thought Daventry is a charitable incorporated organisation incorporated in England and Wales within the United Kingdom.
2 Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Food For Thought Daventry meets the definition of a public benefit entity under FRS 102. Assets and preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Food For Thought Daventry meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
Recognition of incoming resources:
These are included in the statement of financial activities when:
-
the charity becomes entitled to the resources;
-
the trustees are virtually certain that they will receive the resources; and
-
the monetary value can be measured with reasonable accuracy. Grants and donations:
Grants are only included in the statement of financial activities when the charity has unconditional entitlement to the resources standards.
Gifts in kind are accounted for when receivable, at a reasonable estimate of their value to the Charity. Investment income:
Bank and building society interest is included in the statement of financial activities when the interest falls due.
13
FOOD FOR THOUGHT DAVENTRY
(A charitable incorporated organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
2 Accounting policies (continued)
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
Depreciation charges are allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
2.4 Fixed assets
Assets over £500 are capitalised and depreciated over their estimated useful lives.
2.5 Depreciation
Depreciation is provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment and storage
20% straight line basis
2.6 Stock
Stock is valued at the lower of cost and net realisable value.
14
FOOD FOR THOUGHT DAVENTRY (A charitable incorporated organisation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
2 Accounting policies (continued)
2.7 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds that can only be used for a specific purpose, as defined by the donor.
3 Analysis of income
Income from donations and legacies
| Unrestricted funds 2024 £ Donations and gifts 17,904 Grants 375 Membership subscriptions 11,167 Release of deferred grants and donations 2,824 32,270 Unrestricted funds 2023 £ Donations and gifts 25,090 Grants 5,125 Membership subscriptions 7,663 Release of deferred grants and donations 1,300 Donations and gifts 39,178 |
Restricted funds 2024 £ 10,000 176,787 - - 186,787 Restricted funds 2023 £ 500 18,411 - - 18,911 |
Total funds 2024 £ 27,904 177,162 11,167 2,824 219,057 Total funds 2023 £ 25,590 23,536 7,663 1,300 58,089 |
|---|---|---|
15
FOOD FOR THOUGHT DAVENTRY
(A charitable incorporated organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
3 Analysis of income (continued)
Charitable activities
| Unrestricted funds 2024 £ Larder sales 117,843 117,843 Unrestricted funds 2023 £ Larder sales 79,436 Income from investments Unrestricted funds 2024 £ Interest income 407 407 Unrestricted funds 2023 £ Interest income 135 |
Restricted funds 2024 £ - - Restricted funds 2023 £ - Restricted funds 2024 £ - - Restricted funds 2023 £ - |
Total funds 2024 £ 117,843 117,843 Total funds 2023 £ 79,436 Total funds 2024 £ 407 407 Total funds 2023 £ 135 |
|---|---|---|
16
FOOD FOR THOUGHT DAVENTRY
(A charitable incorporated organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
4 Expenditure on raising funds
Costs of raising funds
| Unrestricted funds 2024 £ Costs of raising funds - Unrestricted funds 2023 £ Costs of raising funds |
Restricted funds 2024 £ - Restricted funds 2023 £ - |
Total funds 2024 £ - Total funds 2023 £ - |
|---|---|---|
17
FOOD FOR THOUGHT DAVENTRY
(A charitable incorporated organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
5 Analysis of expenditure on charitable activities
Summary by fund and expenditure type
| Unrestricted funds 2024 £ Food purchases 70,102 Opening stock 6,000 Closing stock (11,153) Hardship expenses - Small equipment and consumables 312 Events 2,193 Awards, consultancy and admin costs 3,123 Bank and finance charges 899 Computer software and maintenance 113 Printing, stationary and phone 612 Governance costs - Rent and waste 3,615 Insurance - Training - Delivery costs 766 Repairs and maintenance - Travel 2,146 Depreciation 3,916 82,644 |
Restricted funds 2024 £ 64,182 - - 474 5,884 - 23,035 - 800 368 1,000 2,500 564 59 3,447 2,103 - - 104,415 |
Total funds 2024 £ 134,284 6,000 (11,153) 474 6,196 2,193 26,158 899 913 980 1,000 6,115 564 59 4,214 2,103 2,146 3,916 187,059 |
|---|---|---|
18
FOOD FOR THOUGHT DAVENTRY
(A charitable incorporated organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
5 Analysis of expenditure on charitable activities (continued)
Summary by fund and expenditure type
| Food purchases Closing stock Small equipment and consumables Events Awards and admin costs Bank and finance charges Computer software and maintenance Printing, stationary and phone Governance costs Rent and waste Training Delivery costs Depreciation |
Unrestricted funds 2023 £ 75,263 (6,000) 150 770 19,395 - 240 - 800 7,431 - - 1,300 99,348 |
Restricted funds 2023 £ 657 - 5,525 - 6,313 211 44 591 - 1,000 104 690 - 15,135 |
Total funds 2023 £ 75,920 (6,000) 5,675 770 25,708 211 284 591 800 8,431 104 690 1,300 114,483 |
|---|---|---|---|
19
FOOD FOR THOUGHT DAVENTRY
(A charitable incorporated organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
6 Analysis of expenditure by activities
----- Start of picture text -----
||||
|---|---|---|
|Activities|Total|
|undertaken|funds|
|directly|
|2024|2024|
|£|£|
|Costs (note 5)|187,059|187,059|
|Activities|Total|
|undertaken|funds|
|directly|
|2023|2023|
|£|£|
|Costs (note 5)|114,483|114,483|
----- End of picture text -----
7 Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL). During the year ended 31 July 2024, Trustee expenses have been incurred for travel and delivery costs of £2,489 (2023 - £NIL).
8 Taxation
The charity is a registered charity and is therefore exempt from taxation.
9 Financial instruments
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|---|---|---|
|2024|2023|
|£|£|
|Financial assets|
|Financial assets measured at fair value through income|
|and expenditure|180,552|30,305|
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20
FOOD FOR THOUGHT DAVENTRY
(A charitable incorporated organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
| 10 Tangible fixed assets Cost: As at 1 August 2023 Additions As at 31 July 2024 Depreciation: As at 1 August 2023 Charge for the year As at 31 July 2024 Net book value: As at 1 August 2023 As at 31 July 2024 11 Stock Ambient food 12 Prepayments Food purchases Rent |
Equipment £ 6,500 13,079 19,579 1,300 3,916 5,216 5,200 14,363 2024 £ 11,153 78,673 564 79,237 |
Total £ - 13,079 13,079 - 3,916 3,916 5,200 14,363 2023 £ 6,000 - - - |
|---|---|---|
21
FOOD FOR THOUGHT DAVENTRY
(A charitable incorporated organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
| 13 Creditors: Amounts falling due within one year Trade creditors Accruals Deferred equipment donations 14 Creditors: Amounts falling due after more than one year Deferred equipment donations |
2024 £ 40,066 28,931 2,824 71,821 2024 £ 7,172 7,172 |
2023 £ 15,000 - 1,300 16,300 2023 £ 3,900 3,900 |
|---|---|---|
22
(A charitable incorporated organisation)
FOOD FOR THOUGHT DAVENTRY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
15 Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2024 £ Tangible fixed assets 14,363 Current assets 159,035 Current liabilities (78,993) 94,405 Analysis of net assets between funds - prior year Unrestricted funds 2023 £ Tangible fixed assets 5,200 Current assets 26,528 Current liabilities (5,200) 26,528 |
Restricted funds 2024 £ - 86,147 - 86,147 Restricted funds 2023 £ - 3,776 - 3,776 |
Total funds 2024 £ 14,363 245,182 (78,993) 180,552 Total funds 2023 £ 5,200 30,305 (5,200) 30,305 |
|---|---|---|
23
FOOD FOR THOUGHT DAVENTRY (A charitable incorporated organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
| 16 Funds Balance at 1 August 2023 £ Unrestricted funds 26,529 Restricted funds 3,776 Total Funds 30,305 |
Incoming resources £ 150,519 186,787 337,306 |
Resources Balance at expended 31 July 2024 £ £ (82,644) 94,403 (104,414) 86,149 (187,058) 180,552 |
|---|---|---|
24