Food2Think
(Registered charity number 1186578)
Financial Statements
for the year ended 31[st] March 2024
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Food2Think
Trustees’ Annual Report For the year ended 31[st] March 2024
Full name Food2Think Registered Charity Number 1186578 Principal address
39 Wayside Avenue Maybank Newcastle-under-Lyme ST5 9PH
Trustees
Simon Rimmington Chair Sean Aiken Secretary Julie Lowell Trustee (Media) Jeanette Fanthome Trustee
Bankers
Barclays Bank
Governance and management
The charity is operated under the rules of its trust deed adopted on 26[th] November 2019
The methods adopted for the recruitment and appointment of new trustees
Apart from the first charity trustees, every trustee must be appointed [for a term of [four] years] by resolution passed at a properly convened meeting of the charity trustees.
In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
Aims and objectives
To advance the education of school age children in the Dhading Besi region of Nepal in such ways as the trustees see fit, in particular but not exclusively by the provision of grants to provide school lunches and other health and well-being programmes.
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Food2Think Trustees’ Annual Report For the year ended 31[st] March 2024
Summary of the main activities undertaken for the public benefit
To provide grants directly to school(s) (Gayatri Devi Basic School, Dhading), for the provision of daily healthy lunches and development grants for the provision of lunches.
Public benefit
In the development of the constitution all communications with and guidance from the Charity Commission including public benefit was discussed by the trustees.
Charity Summary of Achievements – 01/04/2023 – 31/03/2024
Continued to provide lunches daily for all children at Shree Gayatri Devi Basic School.
Took on another school, Shree Janajyoti School, to support their lunch programme, ensuring all children receive a healthy lunch daily.
Received a donation of over £10,000 from Ben Tams, based in Australia, who ran a half marathon in support of Food2Think. This remarkable contribution has enabled the charity to support a second school.
In March 2024, Trustees Simon and Sean self-funded a visit to both schools. Rohit Sigdel, a Food2Think Projects and Communications volunteer based in Nepal supported the visit. This allowed Simon and Sean to meet staff, talk to students and parents, review the accounting and spending of funds and listen to stakeholders about future projects.
The charity’s policy on reserves
The Charity works to hold enough funds to fulfil its objectives for 18 months in advance. Providing the grants for the lunches costs between £3500 - £4500 per annum depending on the number of children on the school roll and the cost of food.
Signed on behalf of the Charity’s trustees.
Signed:_____
Date: 25th January 2025
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Food2Think Trustees’ Annual Report For the year ended 31[st] March 2024
| Food2Think Annual Return 1st April 2023 to 31st March 2024 |
Food2Think Annual Return 1st April 2023 to 31st March 2024 |
Food2Think Annual Return 1st April 2023 to 31st March 2024 |
Food2Think Annual Return 1st April 2023 to 31st March 2024 |
Food2Think Annual Return 1st April 2023 to 31st March 2024 |
Food2Think Annual Return 1st April 2023 to 31st March 2024 |
Food2Think Annual Return 1st April 2023 to 31st March 2024 |
|---|---|---|---|---|---|---|
| From | To | Income | Expense | Charity purpose |
Balance | Notes |
| 01/04/2023 | £7,533.70 | Barclays Bank | ||||
| 01/04/2023 | 04/05/2023 | £182.00 | £7,715.70 | |||
| 05/05/2023 | 02/06/2023 | £10,423.83 | £116.07 | £1,700.00 | £16,323.46 | Shree Janajyoti School |
| 02/06/2023 | 04/07/2023 | £145.00 | £16,468.46 | |||
| 05/07/2023 | 04/08/2023 | £145.00 | £16,613.46 | |||
| 05/08/2023 | 04/09/2023 | £145.00 | £16,758.46 | |||
| 05/09/2023 | 04/10/2023 | £145.00 | £16,903.46 | |||
| 05/10/2023 | 03/11/2023 | £145.00 | £17,048.46 | |||
| 04/11/2023 | 04/12/2023 | £195.00 | £17,243.46 | |||
| 05/12/2023 | 04/01/2024 | £325.00 | £120.99 | £2,500.00 | £14,947.47 | Gayatri Devi Basic School |
| 05/01/2024 | 02/02/2024 | £245.00 | £15,192.47 | |||
| 03/02/2024 | 04/03/2024 | £145.00 | £15,337.47 | |||
| 04/03/2024 | 31/03/2024 | £103.00 | £130.65 | £15,309.82 | Website renewal charge | |
| PayPal Donations | ||||||
| £15,309.82 | Barclays Bank (checked OK) | |||||
| 01/04/2023 | 31/03/2024 | £97.68 | ||||
| £12,441.51 | £367.71 | £4,200.00 |
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| Total income | £12,441.51 | Expenses | 3.0% of year income | |
|---|---|---|---|---|
| Total | Available to charitable | |||
| expenditure | £4,567.71 | causes | 33.8% of year income | |
| Variance | £7,873.80 | |||
| Barclays Bank | £15,309.82 | |||
| PayPal | £1,022.36 | Includes £167.68 carried over from 2023 accounts | ||
| Cash Balance | £16,332.18 |
| Cash funds at the start of thisperiod | £8,458.38 |
|---|---|
| Cash funds at the end of thisperiod | £16,332.18 |
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Food2Think Trustees’ Annual Report For the year ended 31[st] March 2024
Notes
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Receipts and payments accounts are statements that summarise money entering and leaving the charity during the financial year. In this context, ‘cash’ includes cash equivalents, such as bank accounts from which cash can be readily withdrawn to pay debts as they become due.
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AGM – reviewed and accepted financial accounts for the year ending 31[st] March 2024
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Trustees received no expenses, remuneration or benefits in this year.
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Due to the disruption caused by the COVID-19 pandemic, all Trustees have agreed to remain Trustees until January 2026. This was confirmed during the AGM held on January 20th, 2024.
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Total expenses and bank and website charges accounted for 3.0 % of income for the financial year.
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a. 97.0% of in-year income is available for charitable causes.
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b. 33.8 % of in-year income was transferred to charitable causes.
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Signed:_____ Date: 25th January 2025
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