Unaudited Financial Statements for the Year Ended 31 January 2024 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 2024 ||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 2024 **REGISTERED CHARITY:** 1188081 **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 Financial Statements for the Year Ended 31 January 2024 ## 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 Trading and Profit and Loss Account for the Year Ended 31 January 2024 |**31.1.24**
**£**
**Income**
Gift Aid
**1,657**
Sales
**11,038**
Donations
**9,050**
Bank apology
**100**
Grants
**3,013**
**Cost of sales**
Purchases
**4,046**
Purchases for resale
**685**
**GROSS PROFIT**
**Other income**
Government grants
**Expenditure**
Rent
**3,960**
Insurance
**458**
Light and heat
**1,007**
Wages
**2,600**
Self employed staff
**3,960**
Telephone
**105**
Post and stationery
**138**
Motor expenses
**3,041**
Repairs and renewals
**2,747**
Household, cleaning & uniform
**471**
Food - entertainment
**60**
Sundry expenses
**13**
Training
**14**
Volunteer expenses
**2,378**
Community Meal
**463**
Donations
**109**
**Depreciation**
Fixtures and fittings
**153**
Computer equipment
**46**
**SURPLUS INCOME OVER EXPENDITURE/(DEFICIT)**|**£**
**24,858**
**4,731 **
**20,127**
**-**
**20,127**
**21,524**
**(1,397)**
**199 **
**(1,596)**|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
-
62|£
16,012
4,286
11,726
3,000
14,726
12,542
2,184
62
2,122| |---|---|---|---| Page 3 Free Food in Sandown & the Isle of Wight ## Balance Sheet |31 January 2024
Notes
**FIXED ASSETS**
Tangible assets
1
**CURRENT ASSETS**
Bank account no. 1
Cash in hand
**CURRENT LIABILITIES**
Accrued expenses
**NET ASSETS**
**FINANCED BY**
**CAPITAL ACCOUNT**
2|**31.1.24**
**£**
**14,601**
**31 **
**14,632**
**(1)**|**£**
**1,005**
**14,633 **
**15,638**
**15,638**|31.1.23
£
17,049
-
17,049
1|£
186
17,048
17,234
17,234| |---|---|---|---|---| Page 4 Free Food in Sandown & the Isle of Wight ## Notes to the Financial Statements for the Year Ended 31 January 2024 ## 1. **TANGIBLE FIXED ASSETS** |**COST**
At 1 February 2023
Additions
At 31 January 2024
**DEPRECIATION**
At 1 February 2023
Charge for year
At 31 January 2024
**NET BOOK VALUE**
At 31 January 2024
At 31 January 2023
2.
**CAPITAL ACCOUNT**
Brought forward
Add
Surplus income over expenditure
Capital introduced
Less
Deficit balance expenditure over income|**Fixtures**
**and**
**Computer**
**fittings**
**equipment**
**£**
**£**
**-**
**330**
**1,019**
**-**
**1,019**
**330**
**-**
**144**
**153**
**47**
**153**
**191 **
**866**
**139**
-
186
**31.1.24**
31.1.23
**£**
**£**
£
**17,234**
15,071
**-**
2,122
**-**
41
**17,234**
17,234
**1,596**
-
**15,638 **
**15,638**|**Totals**
**£**
**330**
**1,019**
**1,349**
**144**
**200**
**344**
**1,005**
186
£
17,234
17,234| |---|---|---| Page 5