Unaudited Financial Statements for the Year Ended 31 January 2023 ## for Free Food in Sandown & the Isle of Wight Free Food in Sandown & the Isle of Wight ## Contents of the Financial Statements for the Year Ended 31 January 2023 ||Page| |---|---| |General Information
1|| |Accountants' Report and Client Approval Certificate
2|| |Income and Expenditure Account
3|| |Balance Sheet
4|| |Notes to the Financial Statements
5|| Free Food in Sandown & the Isle of Wight ## General Information for the Year Ended 31 January 2023 **CHAIR:** Dorothy Perrett **TRUSTEES:** Ann Middleton Amber Jones Patricia Whitehead (Treasurer) **ADDRESS:** 29 Sandown Road Lake Isle of Wight PO36 9JL **ACCOUNTANTS:** Allegri & Co. 16c Sandown Road Lake Isle of Wight PO36 9JP **BANK:** Barclays Southampton Page 1 1188081Financial Statements **REGISTERED CHARITY:** ## for the Year Ended 31 January 2023 Accountants' Report to ## Free Food in Sandown & the Isle of Wight In accordance with instructions given to us we have prepared without carrying out an audit the annexed financial statements from the accounting records of Free Food in Sandown & the Isle of Wight and from information and explanations supplied to us. Allegri & Co. 16c Sandown Road Lake Isle of Wight PO36 9JP Date: ............................................. ....................................................... Selina Powder FMAAT Client Approval Certificate I approve the financial statements and confirm that I have made available all relevant records and information for their preparation. ........................................................................ Ms D Perrett Date: ............................................. Page 2 Free Food in Sandown & the Isle of Wight ## Income and Expenditure Account for the Year Ended 31 January 2023 |**Income**
Sales
Donations
**Cost of sales**
Purchases
Purchases for resale
**GROSS PROFIT**
**Other income**
Government grants
**Expenditure**
Rent
Insurance
Light and heat
Wages
Telephone
Post and stationery
Motor expenses
Repairs and renewals
Household and cleaning
Sundry expenses
Training
Volunteer expenses
Donations
**Depreciation**
Computer equipment
**SURPLUS INCOME OVER EXPENDITURE**|**31.1.23**
**£**
**8,341**
**7,671**
**4,008**
**278**
**3,840**
**455**
**859**
**2,000**
**454**
**93**
**3,412**
**914**
**60**
**80**
**70**
**280**
**25**|31.1.22
**£**
£
5,903
5,156
**16,012**
4,322
158
**4,286**
**11,726**
**3,000**
**14,726**
4,110
447
585
-
335
59
2,159
1,608
22
99
32
1,490
-
**12,542**
**2,184**
**62**
**2,122**|£
11,059
4,480
6,579
7,010
13,589
10,946
2,643
82
2,561| |---|---|---|---| Page 3 Free Food in Sandown & the Isle of Wight |Balance Sheet
31
January
2023
Notes
**FIXED ASSETS**
Tangible assets
1
**CURRENT ASSETS**
Bank account no. 1
Cash in hand
**CURRENT LIABILITIES**
Accrued expenses
**NET ASSETS**
**FINANCED BY**
**RESERVES**
2|**31.1.23**
**£**
**17,049**
**-**
**17,049**
**1**|31.1.22
**£**
£
**186**
14,815
9
14,824
1
**17,048**
**17,234**
**17,234**|£
248
14,823
15,071
15,071| |---|---|---|---| Page 4 Free Food in Sandown & the Isle of Wight ## Notes to the Financial Statements for the Year Ended 31 January 2023 1. **TANGIBLE FIXED ASSETS** |**COST**
At 1 February 2022
and 31 January 2023
**DEPRECIATION**
At 1 February 2022
At 31 January 2023
**NET BOOK VALUE**
At 31 January 2023
At 31 January 2022
**CAPITAL ACCOUNT**
**31.1.23**
**£**
Brought forward
**15,071**
Add
Surplus income over expenditure
**2,122**
Capital introduced
**41**|**Computer**
**equipment**
**£**
**330**
**82**
Charge
for
year
**6**
**2**
**144**
**186**
248
31.1.22
**£**
£
£
12,446
2,561
64
**17,234**
15,071
**17,234**
15,071| |---|---| 2. **CAPITAL ACCOUNT** Page 5