REGISTERED CHARITY NUMBER: 1190382
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
FOR
JEDIDIAH UK
Gary J Cansick & Co Chartered Accountants 6 Hartham Lane Hertford Hertfordshire SG14 1QN
JEDIDIAH UK
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 | to | 11 |
JEDIDIAH UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2022
The trustees present their report with the financial statements of the charity for the year ended 31 May 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Our objectives and aims are the prevention or relief of poverty by providing items or services to individuals in need, and/or charities or organisations working to prevent or relieve poverty, particularly; Provision of food parcels to vulnerable families as identified by schools; Provision of fresh food to vulnerable individuals;
Provision of pet food, hygiene products and winter warmth products to the most vulnerable beneficiaries..
ACHIEVEMENT AND PERFORMANCE
Charitable activities
In 2021/22 we established a stable food support service in two towns with our free food pantry. The first was Hertford: This pantry opens Monday to Fridays and has over 60+ visitors each day it is open. Through this, we support many locals including regulars:elderly, unemployed/job seekers, single parents, teenagers.
In November 2021, we opened our second pantry in Buckingham which is open 4 days a week and we see between 20-50 visitors each day.
At both these pantries, we collected and redistributed over 110,000 kilos of good quality fresh food products, dairy. fruit, veg & bakery goods from 22 supermarkets to the locals. We also provide pet food, hygiene products and comfort items including hot water bottles and vouchers to purchase duvets.
We also ran cookery courses in partnership with the local council.
Our beneficiaries frequently share stories of how our services have drastically reduced the sense of isolation and anxiety they feel.
Fundraising activities
During the year we organised a local christmas market, where local businesses were given the opportunity to rent a stall to sell products to the local community.
All funds raised by the sale of stalls were used to help fund the charitable activities and make improvements to our premisses at each at our sites.
FINANCIAL REVIEW
Financial position
Our financial position at the end of the year is satisfactory, with the most significant overhead, being rent, being covered for the ensuing six months.
Principal funding sources
Principal funding sources are; Individual donors Government grant - HCF
Reserves policy
Funds are held in reserve for the fulfilment of statements of intent made when applying for the grants. We maintain strict end of grant reporting to ensure the funds are always used, or reserved for, the original purpose. Should there be a potential material change in the use, we communicate with the grantor and obtain their permission first.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Charity constitution
Registered Unincorporated Charity.
Page 1
JEDIDIAH UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
Trustees are appointed from trustworthy individuals with relevant experience in poverty relief, who have knowledge of the local area and sector, and are unrelated individuals.
Key management remuneration
No remuneration was paid to key management, all of whom are Trustees.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1190382
Principal address
138 Fore Street Hertford SG14 1AJ
Trustees
Mrs C Tooley Ms D Hayward Ms C R Johnson Ms L Hine
Independent Examiner
Gary J Cansick ICAEW Gary J Cansick & Co Chartered Accountants 6 Hartham Lane Hertford Hertfordshire SG14 1QN
Approved by order of the board of trustees on 22 March 2023 and signed on its behalf by:
Mrs C Tooley - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JEDIDIAH UK
Independent examiner's report to the trustees of Jedidiah UK
I report to the charity trustees on my examination of the accounts of Jedidiah UK (the Trust) for the year ended 31 May 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Gary J Cansick ICAEW Gary J Cansick & Co Chartered Accountants 6 Hartham Lane Hertford Hertfordshire SG14 1QN
23 March 2023
Page 3
JEDIDIAH UK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2022
| Period | |||
|---|---|---|---|
| 1.5.20 | |||
| Year Ended | to | ||
| 31.5.22 | 31.5.21 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 5,354 | 80,564 | |
| Charitable activities | |||
| General | |||
| 56,477 | - | ||
| Other trading activities | 2 | 1,005 | - |
| Total | 62,836 | 80,564 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| General | |||
| 29,980 | 40,055 | ||
| Other | 17,897 | 24,915 | |
| Total | 47,877 | 64,970 | |
| NET INCOME | 14,959 | 15,594 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 15,594 | - | |
| TOTAL FUNDS CARRIED FORWARD | 30,553 | 15,594 |
The notes form part of these financial statements
Page 4
JEDIDIAH UK
BALANCE SHEET 31 MAY 2022
| 31.5.22 | 31.5.21 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 5 | 14,066 | 4,762 |
| CURRENT ASSETS | |||
| Cash at bank | 17,928 | 11,433 | |
| CREDITORS | |||
| Amounts falling due within one year | 6 | (1,441) | (601) |
| NET CURRENT ASSETS | 16,487 | 10,832 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 30,553 | 15,594 | |
| NET ASSETS | 30,553 | 15,594 | |
| FUNDS | 8 | ||
| Unrestricted funds | 30,553 | 15,594 | |
| TOTAL FUNDS | 30,553 | 15,594 |
The financial statements were approved by the Board of Trustees and authorised for issue on 22 March 2023 and were signed on its behalf by:
Mrs C Tooley - Trustee
The notes form part of these financial statements
Page 5
JEDIDIAH UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Short leasehold | - in accordance with the property |
|---|---|
| Plant and machinery | - 25% on reducing balance |
| Fixtures and fittings | - 15% on reducing balance |
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | |||
|---|---|---|---|
| Period | |||
| 1.5.20 | |||
| Year Ended | to | ||
| 31.5.22 | 31.5.21 | ||
| £ | £ | ||
| Fundraising events | 1,005 | - |
Page 6
continued...
JEDIDIAH UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2022
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2022 nor for the period ended 31 May 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 May 2022 nor for the period ended 31 May 2021.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 80,564 |
| EXPENDITURE ON | |
| Charitable activities | |
| General | |
| 40,055 | |
| Other | 24,915 |
| Total | 64,970 |
| NET INCOME | 15,594 |
| TOTAL FUNDS CARRIED FORWARD | 15,594 |
5. TANGIBLE FIXED ASSETS
| Short Plant and leasehold machinery £ £ COST At 1 June 2021 - 1,519 Additions 8,459 687 At 31 May 2022 8,459 2,206 DEPRECIATION At 1 June 2021 - 380 Charge for year 845 457 At 31 May 2022 845 837 NET BOOK VALUE At 31 May 2022 7,614 1,369 At 31 May 2021 - 1,139 |
Fixtures and fittings £ 4,263 2,358 6,621 640 898 1,538 5,083 3,623 |
Totals £ 5,782 11,504 |
|---|---|---|
| 17,286 | ||
| 1,020 2,200 |
||
| 3,220 | ||
| 14,066 | ||
| 4,762 |
continued...
Page 7
JEDIDIAH UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2022
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.5.22 | 31.5.21 | |||
|---|---|---|---|---|
| £ | £ | |||
| Other creditors | 1,441 | 601 | ||
| 7. | LEASING AGREEMENTS | |||
| Minimum lease payments under non-cancellable operating leases fall due as follows: | ||||
| 31.5.22 | 31.5.21 | |||
| £ | £ | |||
| Within one year | 4,000 | 4,000 | ||
| Between one and five years | 54,000 | - | ||
| 58,000 | 4,000 | |||
| 8. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.6.21 | in funds | 31.5.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 15,594 | 14,959 | 30,553 | |
| TOTAL FUNDS | 15,594 | 14,959 | 30,553 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 62,836 | (47,877) | 14,959 | |
| TOTAL FUNDS | 62,836 | (47,877) | 14,959 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| in funds | 31.5.21 | |||
| £ | £ | |||
| Unrestricted funds | ||||
| General fund | 15,594 | 15,594 | ||
| TOTAL FUNDS | 15,594 | 15,594 |
continued...
Page 8
JEDIDIAH UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2022
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 80,564 | (64,970) | 15,594 |
| TOTAL FUNDS | 80,564 | (64,970) | 15,594 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2022.
Page 9
JEDIDIAH UK
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2022
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2022 |
||
|---|---|---|
| Period | ||
| 1.5.20 | ||
| Year Ended | to | |
| 31.5.22 | 31.5.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 5,354 | 80,564 |
| Other trading activities | ||
| Fundraising events | 1,005 | - |
| Charitable activities | ||
| Grants | 56,477 | - |
| Total incoming resources | 62,836 | 80,564 |
| EXPENDITURE | ||
| Charitable activities | ||
| Packaging | 1,046 | 4,668 |
| Purchases | 6,475 | 28,685 |
| Transport | 1,094 | 10,863 |
| 8,615 | 44,216 | |
| Other | ||
| Rent | 17,290 | 12,228 |
| Donations | 168 | - |
| Travel and subsistence | - | 85 |
| Computer expenses | 167 | 25 |
| Annual celebration event | 272 | 411 |
| 17,897 | 12,749 | |
| Support costs | ||
| Management | ||
| Rates and water | 1,838 | - |
| Light and heat | 3,180 | 67 |
| Advertising | 971 | 228 |
| 5,989 | 295 | |
| Finance | ||
| Telephone | 211 | - |
| Bank charges | 36 | 19 |
| Short leasehold | 845 | - |
| Plant and machinery | 457 | 380 |
| Fixtures and fittings | 898 | 640 |
| 2,447 | 1,039 |
This page does not form part of the statutory financial statements
Page 10
JEDIDIAH UK
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2022
| FOR THE YEAR ENDED 31 MAY 2022 | ||
|---|---|---|
| Period | ||
| 1.5.20 | ||
| Year Ended | to | |
| 31.5.22 | 31.5.21 | |
| £ | £ | |
| Finance | ||
| Information technology | ||
| Repairs and renewals | 11,422 | 4,376 |
| Human resources | ||
| Insurance | 142 | 122 |
| Postage and stationery | 275 | 743 |
| Sundries | 250 | 681 |
| Sundry items | - | 149 |
| 667 | 1,695 | |
| Governance costs | ||
| Accountancy and legal fees | 840 | 600 |
| Total resources expended | 47,877 | 64,970 |
| Net income | 14,959 | 15,594 |
This page does not form part of the statutory financial statements
Page 11