GISTEREO COMPANY PIVM8ER.. 13299257 IEnEland and Wales) REGISTERED CHARITY NUM8ER: 1194314 Report of the Trustees 3Dd Audited Financial Ststoments for the Yeaf Ended 31 March 2025 for Foud Ba*k Aid IA Compan¥ Limited by Guarantee)
F dB nkAI Conienig of ihe Financla1 Statemen for Ihe Vear Ended 31 March 2025 PaEe Reference and Adrninlstratlve Detalls Chairs. Report Report of the Trustees Retwjrt of the IndependentAudltors 10 to 12 Statemeni of Flnanclal ActlTrAOes 13 St*Èment of Financial Position 14 $ement of Cash Flow5 15 NotÈS to the Statement ol Cash Fl(rws 16 Note5 10 the FinarKlal Siaiements 17 to 22
F dB nkAI Referenip and Ad¥nini5tr3tive Det6il ror tht Year Ebide¥J 31 Mar£h 202i TRUSTEES Naom5 Russell- Co Chair Chrt5 Go¢)d8Jme-Co-(haii and Treasurer R(Khelle Trup Martin Smlth Ola 08unmoyela IResi8ned l May 20151 15hraq Bhotti Jonathan Cdrr¥son Xalbir Sohl Charlotte Soer Gideon Chain (appointed 10 5epiember 20241 Tinsa Platt lapwbinted 10 September 20241 REGISTERED OFFICE Unli 2bLThaplain Square GreaT NorTh Le15ure Park london P412 OGL REGISTERED COMPAPIY NVM8ER 13299257 (England and Walesl REGISTERED OtARITY 14UMOER 1194314 INDEPE14DE14T AUDrroRS Calders118831 LLP Chariered ArcwnEènts & St3tuiOry Auditors 30 Orange Street london WC2H 7HF BANKEflS HS8C UK Bank plc Paze I
F dB nkAI Chair'5 Re for tht Year Ebided 31 Mar£h 202i Thls year mark5 a s18nlflranl mlle5tone for Food Bank Ald. We are Iwr aT5 old J5 0 re8lslered chèrity-and Ilve years Since I be8an. in my garage. with a few donated tin5 and 3 desire to help local lorKI baThks experienring a surge ot people iaught up in loss of earnin85 due to Covid-19. They were rabbSts in the headlights. someof thelr numbers surgin8 ten-fold. From that modest beginnin& with no intention of 5eriin8 up a charity. Food Bank Aid has grown inro a regi51ered ch3riry 5upporttn8 33 food banb across North London and Herrfordshire including some clinic5 and sch15. Thi5 year alone. we distributed oveT E2 milli(hl orth of fcod. 10Sletries afid htyjsehold essentials. Wh315et5 Food Bank Ad apart Irorn other food charitie5 15 our dernand-led rnodd. We don'i di5tribJte sur¥5-e deliver exacily what f¢)od banks ask IOT and need. While some items are donated, over 80% are purchased dSreidy using funds we ralse. Thls ensures that essential gaps are filled paiiicularly fof items that are rardy available through donations or sufplus thanfiels. Every single item is used. NothlD8 8oes to waste, Thatscale ol delivery brings grèat responsibility. A5 wecantinue to gr¢. it is n(M more irnportsnt than eVÈf ihatwe wtsfo5s+on4lise. We must lId robusi sleMs. 51ren8then #ur t¢arn. ènd ¢pErate with the kind of 1ovtrn4fi¢e a#d riiour that a ¢hantv trf our $iie req¥ires. We are deeply tOT15110us of the trust placed In u5 by our donors and p3rtnpr5. and we hold that trust wkth 8reai care. Transpareniy and accountability are at the heart ol everything we do-and will continue to Buide every de<ision we make, A cloud doe5 hang over us. however, #s we await plannlng conflrmatlon for the redevelopfftent Of th¢ Great North IsuTe Park. Unfortunately, there will be no 5paie to accummodate Food Bank Aid in the scheme. and we will Deed t(Ffind new preTn15e5 5Uitable for the size and scale of Ouf current operation-a considerable challenge, particularly given the geogfaphywe serve. We aro enormously grateful to Land SEcrI11@s followed by Regal London f¢y rhdr Eenerosity In allowlng US to ¢xcupy our cUrrt hub rent. and r4liQS.free,- Ihdr support has beÈn fund¥mental to Dur growth. WhilÈ thpfulure remains un¢erf•ln, wt kntyw r$IatellC plannlw musi N¢w i#¢lude provision forfuture rent, fatts. and 51gnrfitènt Tdocation t05ts. Thls has been a year of trarsltion. In Novernber 2024. we were dellBhted to welcome Alyson Wa15h 09 our new CEO_ Al0 brings elght vear5 of sectur leadership, and her clarity, dlSIvenesS and deep understandin8 of food poveriy have already made a sl8nifi¢anl irnpact. Like many charities. we are facing Strlra1 pressure5. Recru¢tmefit has become Sncreasingly challerrflnE. Wlth 5è1ary expectatiors often mirrorlng those in the commercial secior-levds thai are diFfi¢ult fof smèll charslies io svstain. In our earlv vears. runnlryg lean wa5 not just DppropriJte. it wa5 e55entiol But with Ihe Dow deliverjrsg over £2 rnill?oD ol goDd5 Innually. we rnv5t inve5r in thE rightstaff to rnaintsiin thescale. quality and Teliability of whai we do. There 15 a natural lim¢t to how fargoDdwill, 5tarnina and adaptability can stretch. I remain deeply mtyed bythe unwavefing dedatlon ofour ieam-who cOnSEeilY80 abtr4eand beyond, *)ever losing sighi of why thi5 work matters. Durln8 my break trom bdnq Chalr I wès extremely gratdul to our trustees, RochdleTfL&P and Chris Gd$aMe. who stepped up 31 short nob¢e, as co.£hairs. Chris continues as my Co-chair and remaios In his tole as Trea5uier a viial and often unseen positlon Ihai he fulllls with tireless dedlcation and unfallin8 reliability. P¢rsonèlly, he has been èn irKredible support to me wovtdin8 professional 8uidance and patience. We hawe •150 welcornedtwo new trustee5toour board. and l am irvly graieful to every tru5reefortheir time. wisdom and deep tommltmént to our mlssloft. The external £onre¥t we're workin8 in remain5 extremely chèllen8in8. One in five schoo15 in EnBland now runs a fcod bank on site1S#tton Tru5120241- Incroasingly, thQa(CessIngf supportaro inwork-including full-time ernployrnont-butstill unable to attorde5sentyal5. In London. o¥Èr one in three childTen li In poverty (End Child Poverty CoalllSon. 20241. Atthe sametime. the£ost-of-IMng crisis and has madefuDdrai51ng censideraVIO¥her. Many Funds haveclo%ed and significanlamounts of don31ions have been Tedlrerted io foreign need_ Nearly 20% 01 UK danors have paused ¢Y rdu¢ed giving in the past year ICharltie5 Ald FoundÈtion, 20241. De5Plte thi5. ouf Help Us Give More m31ched campaizn raised É1.6 ff4llion of wtal funds thèt will 5uppori our di5triburion aThd I% ol fun5 will purihd)¥ Kuvds. ltrs hard to put into word5 the 5trenKrh, kindness and generosity llf the cornrnunity who turn up every day. Volunteers, donors. food partners and staMtomètogÈthÈr to kÈÈp thèfood banks led. Our hub Is notonly a tèntre of operations-it's a non.wlltScal, intlusi¥È and welcorning 5pacewhere peDe ot all back4rouTrd5 work 5ide-by-5ide. Many have found new Iriend5hip5 and a renewed sense ol purpose hÈrÈ. Outside our walls. coffee meet.ups, wal. card gamÈs ind friends. WhatsApp grap5 hovegrown- plooff ol thÈ new and valuable ¢onne¢lions th•1 ihis ¢ommunity witinu#lly ¢reaies. Paze 3
Thol care 15 not just abp fi)od-IVs obDul dl8nlty, 5tatslllty. and hope. It SaV5.' you rnatter. Food Insecurtty15 deeply liTrked to rnent•l health. AIcDrding to the Greater London Authority, adults expefiencin8 fo(Kl in5ecufity aTe morethan twice J5 likely to rew)rt SVrnPtOm5 of aftA1tty or doprt55iOn. For parents, tht daily of tiot kno%•in6 to fted their chrldfen is relentltS5. Ha¥in6 tv)Qush fcwjd the iable Ilfts an enorn)ous wycholo8ical burden. allowlne famllles 10 focus on oiher areas of tile- w¢yk, school, hoalth. thildren who are well-fed Ire belief aNe to leirn, sociali5e. simply bechildfen. fhry can t3*e parr In sport. feel confldent at school. nd engaEefullywith their peer5-jU5t 35 wewould want for our Dwn child¥en. Becau5ewhen the pre55ure othunger lift5, ttcreates space not just foi srVa$-bUt for dien¢ty, connection, at)d the possI.lI¥ of a better tcmorrow. Lookine ahead. we are loru5e(l on strengrhenin8 our operational capacity. deepening relationship5 wilh food suppliers aftd fundws, and investing in betier sy5terns to track and report our impact. We are alsa working on new way5 to cefitre the experienies ol ihose using rood banks how we learn. adapt, and adtale. We remain committed to best praciice ID safegu3fLSinR. Bovernance and financ4al manaBement. Our policies are reBularly rewewed and updatèd. and we arÈactivdyworklng io fflaintaln rÈ5erves. Wealso retognisÈthe importanceof equlty and Incluslott-notiustasa value. Jt as a praciice toniinue 10 build a cuiiure that reflects th¢ dlverslly of ihe eommunilies we sewe. We areproud toworkalongside 33 food banks, each doingessential.fronilsne work. Wealso thaTrkourcorpJraie partiief5. suppliers, and frSends in the wbder Sector whe collaboration and generosity enable u5 10 do what we do. Fotsd Bartk Ald w•& borfi ftom trisk-but it has growrt Into a misslon powerèd by gÈfieraslty, <ompasslort and 8rlt. l •m proud of how f•r wÈ'¥e corne even though I wish we were not needed at all. Since prpparir¥8 the Chair'5 Repurt eadier th15 year. I have decided to Step down a5CtrChair3nd Trv5tee. It has been an incrediblejourney. I le3wethecharity in capable hJnd5 and will continuetowatch its proBre55 with prlde. Wttlle I wlll no longer be In¥ve0 In d3V-TQ day operatlons. I remaln romrniiieo 10 5LlPPOrtlng the Trustees whenever need•J Ind 5r3¥in8 en808ed 4¥1¢h the chariiy'5 ?n-8oin8 devdoprneThr. Wlth much gratitude Naowi Erffieu Naoml Ru55ell Founder and Co.Choir olTru5tttS Paze 3
F dB nkAI rt of the Truste for tht Ytar Ebide¥J 31 Mar£h 202i The Trustees are pka5ed to present their Trusteu. Atbnual Rew)ri and the Ch4rity'5 financial statements for the year ended 31 March 2025, which are also preparod 10 meet the rÈouifemeni> for a direct$, report and accounts for purposes of the Companles Act. The financlal statements Comply with the Charities Att 2011, the Companies Act 2006, Ihe Memorandum and Artlcles of A$$cl¥110n. and AEcwThrin8 and Reporring by Chariries., 5EOtement of RecomrneTrded Practice ap1£able to charities preparing their acrwnts in accordance with the Financial ReportiTrg $13ndard applicable in the UK and Republic of Iretand (FAS 1021 lefleitsve l January 20191. The Trusiees ol the Company are Its Directors for the pufposè of company law •nd IhftyJghout Ihis report Ihey aro collectl¥ely referied to as the Trustees. INCORPOAATJON Tho charitable company w•s IntpOrated on 29 March 2021 and commenced tradlng on the same dale. OBJEcllvES •J4D AcrtvmE5 obl1¥5 and alff At inteption. Fuod Bènk Aid was afi Informal ¢olle¢tlom point, soufcln8 d¢naiions Irom the lo¢al tommunlty in HIBhiète artd diiven bv Ihe fièed to support the 5hort-term neÈd5 of thÈ food barbks opèratin8 during tovid-19 sn the w4dÈr North London tommunlty. Slnce then. the aitiwtses tsf the or8ani5atiM have beeTr forrnalised. and other annual 8IVln8 15 Sel to exteed £1.5Tn a5 rt5 reach ènd rpputètion continue ro grow, and the efforts to continue to contribute to the all18t10n of food poverty continue5. The onEoin£ c05t of liwnB £f151S ha5 morlv3ted Ihe lun¢JeTS, lUnteerS. staff an¢J trustees. io contlnue to iransform the way Ihat Eoe¢Js are sourced ond dlStrlbuied. FoDd Bank Aid wa5 re8iStered a5 a charity In MaTch 2Q21 and supw)rt5 foud bank5 in north LufidoTh and in the I[al authoritie5. It continue5 to operate a system which delivers goods based pr¢cisdy on the needs of the food banks it supports. This prevefits waste of food. 5paEe 3Thd tlme. Recognising It must easy to Elve to Food Bank Aid. w ha¥e 0r SO drop-olf Frt)Ints across Norih London whore donbiion5 can be left 2417. volunteers collect, £orl and deliver rhe good5 to the food banks thro¥ghoui thpweek 811owlng us to tnaximi5e donated fund5 by spÈtiding siBnifi£antly on the pro510 of foo¢J item5 for ftsod banks. The objects of the Charlty are for ihe publlc benellt and 5peclflcally re5trlcted io the reliel of poverty, e5pef lally food poverty. by mean5 including Ihe collectson, %ortin8 and distribution of lood ind other Supplies to food bank5 that 5erye Ihe need5 of wx)n5 wh¥ ère, v ITr danger ot 5uNerin8 ptrty. There are Several feature5 vl FBA which make u5 uni4ve. Our aim 15 to be the rn05t respoD5ive, efficient and c05t-effEEtiYe rhirrly suptyjrtlng foodbanks. Wothng with lood banks wo pridÉ thJtsd¥És on thÈ 5tron8 Tdationships w have wlth èath f(%Jd bank. These stro relatk)nshlps have eoabled us to develop connections beiweett the various fwobanks, leadifig to greater sharin8 ol excess products, knoWd6e. Ind thereFore Irscfeased efficiencies. We supwrt food banks by providin8 exalt what they need throu8h 8 wÈekly shopkn8 list. By rewing on us for a 518nlfitant portign 01 thÈif requ¢rernenlS, there is a ru¢¢0 pie55ure on an 3lre3Lly o¥eF-Slretched 5Èrvic¢. We are passlw•ie •boul 16mllie5 hèMn8 food r¢sour¢es to enjoN8 fogd to sult Iheii dith•ry, ¢yllur)l. QF ethnS¢ npeds. We prowdevariety. fresh fruit and ve8etsble5. raw praduits to enable the a[ evEn lirnited tats for thildren ensure balanced diet with the occasional indueKeY We afe a volunteer run organlsatlon. We on8a8e over 350 ¥olunteers in a ranÉe of roles at Food Bank Aid. These Include professional roles, roles In rhehub. drivers. and shoppers. We have only five pald staff which keep our overheads io a mlnimum. Our volunteers Pflmarily Ilvelnthe communrty. Thismeans the community Itsell supports ihe Ople the (mUnIty1n need. Our work is supported throu8h cèsh and Gifi in Kind donations. Gift in Klnd donations allow a muth 8reater number of people to contribte. WÈ facS1itate this extenslvely by hawn8 50+ neiEhbourhood dr4)-off Points across North London. rUlaT ollectitsns. superrnarket delery optyoll5 •fid ¥ c•%trolised hub open 6*a a week to take dtsnaiims. PazÈ4
F dB nkAI rt of the Truste for tht Ytar Ebide¥J 31 Mar£h 202i oBJECvE5 AND ACTMTIES Publk benefft Our objectlves focus on verty, parflcularly Icod powwty and supportln8 donatsons io foodbanks_ The purpose of Food 8ank Aid Is to Jild strong relationships wilh each ol ihe lood banks we support ir5 North LoThdon, working with thern to develop effscienl proresses to en5UTe that each f¢)od bank gets exaa4y what li need5 e31h week, Tather than a random 5dection of to(Kl that is difficu to distribute. Thls helps to prevent waste and families can cook afid eat food to sult Ihelr dieury, cultural or ethnic nÉeds. The 8oard ol Tru5tee5 hè5 relerred to the iuidonce proided by the Charity Cornmis%(ffi in ensuring that Focrfj Bank Aid'5 aiffts, objective5 and attivStiÉS aré lor the public bÈnèfit. Volunte•1 Volunteer5 tyay a very significant role in Food Bank Aid. We enR?ie over 350 wdunieef5 ¢n a range of roles at Food Bank Aid. Our wol[er5 prlmarlly Ilve In the community. This rneans the comrnvnity itself 5UPPQTts the people In the community. who are In need. In addition lo the £¢)Trtributiofi of the Trustees who 411 g¢ve their tiffle fr2ply. voluthteers hdpvul with thE doy-tfydoy runnin8 of the rharity in the followlng ways.. Volunteer Manalement Committee.. Thi5 comprises of a small Selection of volunteer5 Wlth a varfety of rdevant profe55ional experience. Each ComrnlTtee member Is rpOnsIble for a pJrtlcul&r actl¥lryJ from fundralslng. W)lunTeer mJnaEernent and compllance. Thls group meets lorrnally with at leo$1 Iwo Trustees every monlh lo reyiew the chority's activityand fu¢ureplan$. Cornmi¢iee membersworkclosdy w¥th the TTU5tee5 and each other out51dE formal meetin85. Volunteer Hub wkers.. These Indude 50rters. co-ordinators, drlvers, and shoppers_ Dropoff Poinis.- Our 15 sUPrted through cash and Glft In Kind donatiS. Gift in Kind denations èllow a much ereattr number ol peopleto£oniribuie. We facilitotethis extensiyely by having 5L>tr n•ghbourhood drop-otf khjints across North London, regular colkctions. supermarkei delivery options and a centralised hyb opwi 6-day5 a week ro take donabons. It 15 Èstlmatthalt volunteer tontribution reprèsents about IS full time equNalent employees. A key feaiure of wr arllvllies Is to planl the seeds ol ¢h•ritsble It8 In youne peoplè. Our work In schts)ls Inlorms young pèople abDut food poverty and enroura8e5 children to help other5. We creaied a communitv al Food Bank Ald by provlding a wekomn8, noludgemer*tal space where pxyle Irom all backgrounds and ethnlcltles can come tcf ether with a cofflmon alrn to hdp others Paze 5
F dB nkAI rt of the Truste for tht Ytar Ebide¥J 31 Mar£h 202i STRATEGIC REPORT A(hVerner and perfarni•nr¢ Food Bank Ald15 S11 In Its earfvveat5, conilnuin8 to opwate vAth a Foctss on ihe allewaiion of f(#)d powerty In North LoThdon_ Our reBional foru5 has allowed u5 to create a rnodd which could be replicared answhefe where similar challeng e¥ist. As unceriainty relating to the cost-of-living crisis continues, we rernain confident that we can maintain our actsvities and ensuTe our sustainability and IMtI. PerformarKe FoDd Bank Ald monltors its athievntrts uslne the tollowlw maln ¢ndltators'. 8eneficl4rw Numbors- the total nyrnber of farnilles bonefjbns frprn a¢iiwts¥ of each lo bank wesupwrt dvring the year-. Ordef Ilate of Food Banks - the frequency of Lwdefs Irom food bènks is a 8otrJ Indicator of our effecti¥eness in meeting thr unique needs parclarlY ethnic and reliEIOllSly Influenced fequestS-. Gifts-In-Kind - the volume ol donated items compared wilh the volume ot shoppln8 required to meet Ihe needs of the food bank5 15 a useful indicator ol our cornmunitv en8a8emenl' Pro6fe5S towattl the strate8lc obie(tlves ar>d the fvndln8 plan- Financ1 performafice. hvementS Duflng the ¥ear Ènded 31 Marth 202S, hhlIghts ol F¢M)d Aid duiing thè year 2024125. Bank Ald higF1lhts thÈ loll¢Trwle a¢hvementS.. ConEinuln8 to 5upptsrt IwÈr 30 fotsdbanks Increasing our average ffM)nihly donations to over £150,000 Ins £7m ol donatioTrs=Ince Food BaDk Ald wa: created 8Ssing ¢)vEr £1.25m for a second year running in our annual tampaign, prOn8 tertainty for thÈfollowillg financlal year Our Fw(kaWr Prartk•s Food 6ankAid benefits Èreatlyfrorn thesVPPOrtol Iixal people. We gain new supporter5 mainlythrough networin& word ol rn0h and recommet)datsons that lead to toI1£ited donations. When we carry out fundraisln8. we strive to 8ive the best expeflence to our supporters. The rnai¢xity Df our furKlrèi5ing actiite5 are carried out by Volunteers including trustees. We do not Use prole55ional fLMdrai5ers or in¥olvecornmércièl partltlpators. Our regular fundraising acbvitie5 include., lundraising eveDt5 Suth 85 ovr-school's Out, Fth)d's Our Summer Campaign.. <uh4trlbinÉ tts Éivlrtg w#b<ltX %ueh a% JLtÉtGlthne.- and raislrb8 fund5 other source5 such a5 ¢horitoWe Irusts, found?¢ion5 or ¢ompanles. Food Bank Aid lfileerS and trustees a150 to CordINate ind publicise event5 or8anised ojr benefii by wr yjpporters in wider communliy. We occasionally makÈ appÉèls fo donatsons towards specific PfOjÈtts by writin8 to existlng supporters Idifert mèrkÈtin81. advertlSln8 In the Food Bank Alo newsleiter. local med*a ènd postino appeals on our website ano social media. All diroct m•r%eiing Is co-o(din2ted by volunteers and Trusiees to ensure that it ss not unreasonably Intrusive or perslsient and meets data protertlon requirements. Wheo contact is rnade ihrou8h direcr rnarketsnE, the rnaterial conioins cleai iD5truction5 on how a person can be removed from rnaJlin8 lists. There hawe boon rK) complaints abovtfundraising 3CtsMty this year. PazÈ6
F dB nkAI rt of the Truste for tht Ytar Ebide¥J 31 Mar£h 202i Flnanclal revlew The finanrial pltion for thEyear 2024125 is a deficitot £403,361, 2024125 Summwy Posltlon lficome Expendilre 2.185.735 12,589.0961 fkli 403.361 Total expendittsit was £2,589,096 of which spend on 8oods for foodbanks wès £2,034,410, representin8 over 78% of total expenditure. The remainder of expendllure was for salaries andopÈraiin8 costs of the Hub. Many gifts In-kind donations are made io Food BankAid. We were fortunate to receive lood ond other product5 for dlslribution to the foodbanks. ITr 2024125 we receved er £327.478 worih of oods. In addition, we received profe55ional 5wwce5 trorn a number ot law firm5. Our lease aEKI ratu 4t the Hub are free of charge arKI the value of thSs Is over £80,0. Reserye5 pc41 Resorvos aro intended to a5515twiih the rnanagement ot C35hflow, provide resoueS tor re5truituring itiniome falls and the need arises. or 10 covor the tosts oltlosure lftaworst4asescefiario. Food BankAid hès Restrict¢d Funds •nd vnrestrl¢t¢d Funds. Th¢GÈneral Reserves are pèrt of the Unre5trlCted fv[s. Reservès 5 at 31 M3rch 2025 Restricted Funds Unrestricted Funds 18.631 1.615,210 Tot re¥ery¢5 I.63311 A% at 31 March 2015, resef¥es. amounted to EI.633.841. Trustees ha¥e reeed the reser¥¢s Folicy and Concluded that Ehe unTTrICted reser¥es are sutficieni io cover lor unplanned evetiis and to cover for all expendiiure for six InIh$. which is c£lOOk per month. w Iha¢ 5UPPQrt to food b6nk51s mointalned. Trustees th¥1 Bank A1$ 4 ncern for iht lo¢¢#ble Iule. Irwestment Pe16cy Perfwm•rKe The Trustees consider that ihe day ro day needs of the Char¥ are such that It Is Inapproprlate to Invest lunds for the medium to Ichlg- tefrn 3nd hence ¢nvest5 115 re5erve5 in fixed Interest dep05115. The Tru5tee5 xrept ihat the interesi r¥te5 xhieved d¥rin8 ihE year were in line with market rates but will keept"S under £ontlTruous rÈviÈw. Plin5 fvr perlod5 The Tru51ee5 hHveset o MJdKei for ihe period to 31 Morch 2025 airnin8 fora Small SurS. Fwdra151ngtar8e15tta been idenDfied whith tèn bo TÈOSonably relltrd upon and should sufficlent to cover the running costs for the yÉar. The prtiwsion of any addltlonal servSces WLII be dependenton furiher fundraising. The budget hvill bè feYiev4ed rrfularly ihrouthout the year. Truste will continueto rewewthefinanrial perforrnancp of FoiKI 8ankAid throughoutiheye3T and tske action rfne(e$5ary. The re5erve5 policy and level of reserves will be revieweo durlnq the year to ensure they meet the ongc*in8 needs of thé charity. Paze 7
F dB nkAI rt of the Truste for tht Ytar Ebide¥J 31 Mar£h 202i STRiJcfuRE. GOVERNANCE AND MANAGEMEPIT The governtn8 body of Food Bank Aid Is the Board of Trust. The Board leads the organItiOn In15ne wlth lis objectives whllsi ensurln8 compliance with letal and siattyiory requirements of a UK charlty and re8isiered companv. G¢>vernlry thumont Food Bank Ald is • rÈ8l£iered Charlly Ino. 11943141 govwfied bw Its Memoiandum and Arii£l# ol Associatiofi dated 29 March 202 1 and Is ¢on5tiluted as a company Ilmited by 8uarantee_ Its objectlves ènd powers and other consbtutiwal mattets are set out In 115 Memorandum and Articles ol A550ciatton, 11 15 Boverned by a Board of Tru5tee5 which 15 re5pon51ble for setting the str31eBlC sjirection of the organlsatiort and for Stalshing pollty. Thè Trustèes meÈt t4ularly trj oversté its affars. The day-to•ay Operan Is @1t to Appointrnent of tnJ5tees New Trustees join the 6aafd at the Invltatlon of thÈ Board and are EIK)5en viith a vTrew to ensurin8 an appropriate balance of ski115 and experience relevant to the operations pf the Charity thr8h # form41 v¢¢¢uitmènt piote5s. Tru51ee5' aPPOl¢ltmertts aretonfifmed at the nÈxtAnnuèl GÈrtÈral MeÈtln8. Ttusiees sÈrve for 3 v¢ars&Trd theteis a mlnirnum 3 TrusièÈs at anyÉ¢vth time, wllh a maxlmum 12 TrustÉÈs who are all unrelatEd parties. Trunee Induaiw and tlnE There Is a formal induction protess. Eath new ¢rustt¢1s 8lven •Tr lnir0dt0rV pack coverlrbg the r¢sponsibllltles ol Charity Trystee5 •nd comprehEnsive det4115 about the OT¥aTrisation. 0ryonl%)tlon Board ol Trustees adrnini51ers the Charity.11 mee¢5 4t least quarterly #Trd Ihere arp wprkinÉ groups that rneet more often. An Intprim Chief bEtutive has been apptrnted by the Board to manage the dty-to-dèy DperatiOn5 of the Charity. To latilTrtate eff@(tive operations. rhe Interim Chiel Executive has delegated authority, withi) terms ol dele8arion approved by the Trusiees. for operat10nal mailers Including ffinae, employment and yovidine seivlce-relaied aciivlty. The Board currendy rneets monthly io review ihe or8arilSaiion'5 objeclive5 and support5 Ihe Man?8ernent Cornmittee at monlhly rnanagemenl rneeiinEs, Reljted partles No truslee$ recel¥ed remuNeraUon orother bènefit From ihelr work with the charlty. There arÉ no tontrBIts with Fo(MJ Bank Atd in whith any of the Trustets, close lamlly member5 of the Trust or tompanie5 relaied to Trustees hawe. or have had, an Interesi. eiiher during or ai the end of the Ilnanclal year. A Trustee Regisier of Inierts is mainrained to W15ure Ehat rdaied party ttan5JCtions can be iderstlfled, P•y Polky for Senloi si•ff and Ttee$ The Trusiees and the Chief Execullve are ihe key perso•Thel in char8e of dIreCtl rtsnnin8 operaiin6 the charity. rhe Trusiees 8l¥e thelr tlmefreelyand no Trustee reteived anyremuneration In respectof thr$ceS a5a fru5tee durln8 the year ended 31 March 2025. Rlsk Mam¥ment The Truste* have condurted a OF the major rfsks to whlch the Charity exp)sed. A rlsk re8lster has been established and Is updated and d$5cussed on J reKulaf basis. Where appropriate. interDJl coniro15. policies ond procedtsres have be developed to mitigate these risks. Particular atieTrti¢M h•$ ftyu5sed an linan¢ial rFsks aT15in8 from fundr3isin8. Fraud Charity m•thaies Ih¢ rlsk of fraud fhrou8h 4 SVStem of ithtwnal ¢ortiro1s and pdities whl¢h sei ¢ul ¢l¢arly otsr ¥ppro•¢h 10 lh¢ reportin& Investi8alien and managemÉnt of any sU5PElted IrrÉgulafes. PazÈ8
F dB nkAI rt of the Truste for tht Ytar Ebide¥J 31 Mar£h 202i STATEMENTOF TRUSTEES. AESPONSIOILITrES The trustees Iwho are also the directors of Food Bank Aid for the purposes of company lawl are responsible for Pfeparlno the Annual Report and the financlal statements In accordance wlth appllcable law and Unlted Kin8dom Accountlryq Siandards (United Kingdom GenerallyAccepted AcctxJntin8 Prècticel irKludinB Financial ftep)rtiTr8 Standard 102'The Financ4al RepDriinB Standard applicable in the UK and Repu1£ of Ireland" Company law requlres the trustees to prepare flnancial statements for eachlin8nclal year whlch cive a true and fairwew ol the Stsie ol affairs of the charitable compJny and ol the incoming resources and application of re50urce5, includin8 the incorne and expenditure, of thèthafiiablÈ tompany for that period. In pieparing thost fjnantlal ststemènts. thÈ trLtstÈes art rÈqLMred to 5dert Suitsble attO4iDtSn8 p)Iicies and thel ap¥ thern ronsisten, c4)serthe methods and principl in the ChJrsty SORP.. make ldgements 3nd estJmate5 that are reasonable and pruéeni- Slate v4hethef appli¢able attou#tin8 St#nd3rds have beon foll¢Med. subtr'£¢t to aAV maierial dpartures dis¢losed and explained sft th¢ flnantlal statements.. epère the financi Statements on the 8oin8 t¢(ern basls utbl¢ss It Is Inappropriate to presume that the charitable company will continue in busine55. ThE tru5t¢es arè r¥ponslble for keepln8 prowr •cetAtniin8 retord5 whkh disclose with reasonable 4tturoty at an¥ tlmt the flnantlal )51tion of the Iharitable company aDd to enable them to ensure that the financial statements comply wrth the CDmpanie5 Act 2CM)6. They are also responsible for safeguarding the assets ol ihe ch?ritaNe comp?ny and hence for taking reasonable steps tor the prevefition arkd dotectlon of fraud and Dther IrEe8ularitles. In so far as the tru5t@e5 are aware.. thwe Is no relewant audit Infofmatlon Dr whlch the charitable ctynpany's auditors are naWare.. and the irusteu ha¥e taken all 5tep5 Ihot Ihey ou8hl lo have r3Ien lo m4k¢ ihern5elve5 aware vf any rejevafit autlil irblgrrnatlon and tg estsblish that the audttrJr5 arè aware of that infomiation. AUDrroRS The auditor5. CaldEr5118831 LLP. w*ll Ee proposed ILYrc-appointrnent 4t the lorth¢vrnifig AnThuJl General Meeting. Report of ihe trusiees, incorporaiing a stfaieglc report, approved by ordef of the board of vustees, as the company dlrecws, .ipThbpr lil?5 ind $18nEd on the board's behalf b¥". N67OFllI Eell Naoml Russell- Trustee PazÈ9
Re rt of The Ind Food Bank Ald end io Oplnlon We have audiied the flnar)clal siatements ol Food 8anl Ald lihe 'chariiable company'l for the period ended 31 March 202$ which compri5elhe 5fltemeni ol Financial Acliwtie5. thestaterneniof Financial Posiiion. the Starement of C3sh Flows and notes to the linancial 5tatefflents, including a summaTY of signifiiant aicounting policie5. The tinancial reporting framework that has been applied in their eparatio) is applicable law and Uniied Kingdom Accounting sièndardg, Includin£ Financial Reporting Standard 102 The Financial Reportin8 Standard ippllcable In the UK and Republic of Ireland, (United Kin8dom Generally Accepted A¢¢(tunting Pfaclicel. In our opinion thelinancial ststemeThts'. 8lve a true and lair view of ihe stale of the thar5tablè company's affairs as ai 31 March 2025 and ol tts IncomSng fesources and applic8tlon of resources. Includin8 Its income and eipenditure. for the petlod then endetl-, have been properly prewred In accordonce with United Kingdom Generally Accepted AccouDtin8 Practice.. and havÈ prÉpard In accordance wlth the fequirÉmÈnts of the Companits Att 2006. Basb5 lor oplnlon We Conducted our audii in accordance with Internaiional siandafd5 on Auditing IUKI11SA5 IUKII 3nd aPiCaNe law. Our res[KsibIlities under those standards are furthef described thAdItorS. responslbllltles for audit of ihefinanilal 5taternentS 5ectlon of our report. W¢ are indeppndenl vf thechariiable company in a¢eordancew+th thE ethical requirements Ihatère reltrvant 10 audit ol the fintsvial statÈmÈnts thè UK, Includini the FRC'S Ethical Sièndard, afid wÈhavÈfullilled our OlhÈr othltal FÈspafislbillties In actordantewilh thes¢ requirements. We bellevethat the audit edenCe we have obtained Is suflicient and apwopriate to pr¢y¥ide a basls for Ouf opinion. (oncly51orA relaiiw to golnE concern In 3udllJn8 Ihe financial statements, we hav¢r#nclud¢d th•¢ thelrustte5' tsl the8oln8 concern basis 01 o¢rwnlin8 In th¢ sY¢wraii of the financial 5tatetnent5 15 appropnatp. Basod on thework we h4ve perlofrned. we have not id¢nilliod3ny materlal uThcenalneS TelatinE ioevents or conditsons thaL Indlvldually ¢Ylectively, may rast signlficanl doubton the charitablecornpanws ablllly lO¢tyltlfiue ès a cun¢ern l(r¥ periodolai kast e1ve tnonth5 from when the linancial 5tatemtnt5 are èuthorised for 155ue. Our resnbilItieS and the respon51lItIeS 01 the trustees wlth respect to 8dne corKern •re descrlted the relevant sectlons ol thls report. oiher Inlffftailan The Iwstees are responsible for the other Informifion. The oiher informltion cornprises ihe Inlormatlon Included In theAnnu31 Reprrt. ther than the linanrial Statements and our Report of the Independent Avditor5 theTeon. Ouf oplnlon on the financial suiements does ty)i cover ihe oiher informatlon and. except to the extent herw5$e expllclil¥ staled In Our report, we do not express any form ol assurance concluslcn ihereon. In COAnection with ow audit ot the financial statemet)ts, our resp)nsilIty is to read the other Informatlon and. In doin8 so. cofisldef whether the other Information Is maierially Inconsisient wlth the flnancial siaremenrs or otsr knowled8e obtalned In ihe audli or otherwise appears to be materially misstated, If we Identlfy Such mersal Trncon5I51encies or oppareni m8ter¥al misstètements, we ore required io deiermine wherher this gi$ rise io a rnaterial missiatefflent in the financial statements themselve5. If, based on ihe Work t have performed, WÈ coiKlude that therÈ Is a mat¢rlal misststemeAt of thls other inform•iion. we are it4ulred to rektrNt that fact. Wt have nothin8 to report In thls rÈ8èrd. Oplnlan5 on rAh•r matters prn5crlthed bytho Campanl•sAct 2fy16 In our oplnlon. based DO the ¥vork undertaken in IhÈ tour5É of Ihe audit.. the Inlorrnation &iveTr in the Report ol the Tru5tee5 lor the finaniial >8r Iorwhiih the financial $eMents are wepared is ¢on51StÈrf with the financial statemtits.' and the Rerrtjrt of ihe Trustees has been prepar1 In *cordance th appllcable leEal roqulremen Page 10
F dB nkAI
rtoftheln
en
entAu
to th Mernber5 of FI BafjkAid
conti
Marters on wtrdch we are retylred to report by eMcew40fi
In the118hi ol the knowled8e and under51andin8 of Ihe
F dB nkAI
rtoftheln
en
entAu
to th Mernber5 of FI BafjkAid
conti
Our respths1bllltS lorthe audlt of fiMnclal statemenis Icont.)
In addrèsssn8 thè fisk tsf fraud throu8h managÈmeni overfide of contrds. testing the appfoprlatèness of Irnal Èfjtrits and
other adjustments by iestinÉ manual journal eriries, In partjcular Joulnal eniries relailn8 to ma)88emeni estSmates and
entries determined lo be large or relatin8 10 unvsval tfansJctions,'
Assessin8 whether the iud8ements made In makin8 accountlne estimates are indicatlwe of a potential bias- and evaluaiini
the business rationale of any 55BDiflcant transèciions that are unusual or outside the normal course of bvslness.-
Assè&5ment of the approprièiene55 vf Ihtrcollective competen¢e and capabilities t>f ihe enBa8ernenl tearn Includpo
CDn51derailon DI rhe en8agem&ni team's..
undeF513ndin8 ol. and prarlicÉl expefien¢e wllh audF¢ ¢n8a8ements ol a slmiltyr nature and ¢omplexity thrvu8
appropriate trainin8 and partii(patiDfi',
knowledge of the industry in which ihe clientoperates,.
undeistandlng of the le8al and re8ulètory requirernents spectfic to the company Ildin0
the pfovi510ns of the appli
F dB nkAI Statement of Financial Actine5 enditure A(£(1 rEn Jmar UMestrfcted Rerted Total Funds 1025 Tthal Fd$ 2024 Notes INCOME FROM Donations 3nd legacies Investment income 2.135,200 47,015 18.631 2,153,831 47,015 2,554,322 45,119 Tot41 2,182,215 18.631 2,200.846 2.599,441 EXPENDITUAE ON Rai5jng Fynd5 Charilable Acts¥itie5 224,742 2.348,176 224,742 2,379,465 140,183 2,405,188 31.2B9 Trtal 2,572,918 31.289 2,604.207 2,545,371 NET INCOME 139),703 112.6581 1403.3611 54.070 TOTAL FIINDS BROUGHT FORWARD 2,15,913 31.289 2,037.202 1.983,132 TOTAL FVNDS CARRIED FORWARD 1.615,210 IB.631 1,633.841 2,037,202 CONTINUING OPERATIONS All incorne and expenditure has arisen Itom ctrntinuln8 attivitie notes I(rn p4rt of thes¢ Ilnanclal 5taiements Page 13
F dB nkAI Statement of Financi 31 March 202i 2025 2024 N+J1¢5 Flxed Assets Tangible Assets 3,385 4,513 io Cwrert Asxts Stocks 105,542 174.552 1.467.559 47.369 169,561 1.828.862 li Cash at Bank 1.747.65J 2.045.792 Credlttys.. Amounts I•ll1 di wltNh y¢•r 1117,1961 113.1031 pietCwr¢Dt A$3ets 1.630.457 2,032,689 Tthal Ass•ts L•ss Curr•ffl Llabllltles 1.633.841 2.037.202 N•iA%sts 1.633.841 2,037202 Fd& Restiicted Unre5tr5cted 18.631 1.615.110 31.289 1.005,913 T¢4al Funds 1.633.841 2,037.202 The linancial statement5 were apprcved by the Boord of Trustees and authoTi5ed lor issue 00 30 Se ILnber ZOZ5 and were 5igneO on its bhalt by.. Naowi EKfjJeU Naoml Russell- Trusiee (hrls Go18•m. Trustee notes I(rn p4rt of thes¢ Ilnanclal 5taiements Page 14
F dB nkAI Statement of Cash Flow5 roi tht Ytar Epide¥J 31 Mar£h 202i 2025 1024 Netes Cashllrrs IrL>Tr operatkn8 aCtlvltle5 Cash generoted from operations 1408,3181 146,6921 Netcash prtr41ded by operallni actlyltles 1408.3181 146.6921 sh flvw5 Irm artivities IntÈTl recei4d Property. plant arvj equlpmeni 4tca5h prov5ded by investsng ¥¢tiwb¢% 47,015 45,119 Change in (ash and tash egu1v8rtts ih the rEPOrtFr pEri Cash ar•Je45heqw¥alent5 the inrAry¥ of ihe ieporti perfod 1361,3031 1.828.862 11,5731 1.830.435 Cash andea5h eqValents èt the end ol the replf6 PQfSod 1,467.559 1.828.862 notes I(rn p4rt of thes¢ Ilnanclal 5taiements Page 15
F dB nkAI Notes to the Ststement ot Cash Fl ror tht Year Epide¥J 31 Mar£h 202i RECONaLIAIIOI4 OF NET INCOME TO NEfcASM FLOW FROM OPERATING AcfMnES 1025 2024 Net lThcm lorthe P(vIll¥ pertod las perthe Statennl of Flnanrlal Act$) AdIlnts lor. Interest re(eived Depreciation ol property. plant ad equlpmeni Ilncreasel In St(kS Ilncrea5el irs debiors IntrÈasÈ irt trodltors 1403.3611 S4.070 147,0151 1,128 158.1731 14.991 104.094 145,1191 1.504 112,4641 153,5591 8.B76 N•t cash wo¥lded 0ratIOnS 14108.3181 146.6921 ANALYSIS OF CHANGES IN NEf FUNOS At 31.3.24 Cash flow At 31.3.15 Cash ai bank 1,828,862 1361,3031 1,467,559 Tot I2862 13613031 1056559 notes I(rn p4rt of thes¢ Ilnanclal 5taiements Page 16
F dB nkAI
Notes to the Financial Statements
ror tht Year Ebide¥J 31 Mar£h 202i
ACCOUNnNG POLICIES
Basls of preparSn8 the flnarSal staleftnIS
The financial statements of the ¢harlr8ble companyi whlch ts a publlc beneflt enilty under FRS 102. have be•i prepared In
accordarFce with the Charitie5 50RP IFRS 1021 'Pxcounting and Reportin8 by Charitie5.' Statement ol Recomryjended Practice
applirable to charities preparing their accounts in aicord3nce with the Financial Reporting Standard applicable tn the UK and
Republi£ ol IrÈlènd IFRS 1021 lelfettive l January 20191., Fifiancial Repoiting Standard 102 7hÈ Financial RÈportl¢)8 Standard
appliiable In the UK and Republic of Ireland, and the CompaDses Act 2006. The financial statements have been prered under
the historical c05t conventiery.
Golry C•bxer
The a¢coiif4ts a prepared on a 8cwnB conterD basis after ¢orysideratlon by the ttvstees that there are no material uftcertalntl@s
abour the chaflty'5 abiliiy to rontiriue as a goini concern. Such consideration includes a re¥iew of comrnitted irKome and
éxpenditUTes, Ea&h flows and rLerS. The trustees do not consider thai there are any 50urces of e5tlmatlon uncertainty at the
reporlinB dale thai havea si8nilicant r15k 01¢4u5in84 material 4#justfflen¢ to the rarrwn8 arnoun15 of 4nd lialylities within
the nÈxl rÈportin8 pèrlod.
DebtQW5
Accrueo Income15 reroEn15ed where tund5 In respect of theflnanclal perlod reported have been rec¥ed or Involced after
Ihe B4lance Shew date. Prep•yrnenis dr¢ re¢o8nised where Yen1$, In respe¢¢ of l¥ture flnan<lal perS¢xls been rnade
prior to the Balance Shept date
C•5h at bank and In hafid
Q5h al bank and cash In hand includes cash and short tèrm highly liquid Invesim¢nis wlth ¥ maiurlty of Six mofith5 Qr less from
the dateof acqu15ition or opening of the deposit or simplèr ac£ouTrt.
Credt
Creditor5 and provi51ons ore rerognised ot th•r invoiced amount Inrluding VAT, AcErua15 are b05ed un a8Teed ¢05t5 IlnEludin6
VATI for seNice5 rec&ved pri to the Balance Sheet date but not In}(ed before that date,. where 3n expeSe ha5 not beÈn
agreed and egtimate of rhe final serriemeni amount (including VAn is made.
Firwn¢iJl
The charity only ha5 financial a55Èts and finantial liabilitie5 tsf a kind that qualify 05 basic finantial instruments. Basic finantial
instruments are inilially recognised ai [ran(tIon value and subsequenily measured at their setllement valwith the excepii
of bank Ioaft5 whlch are 5ubsequenrly measured at amortised cost vsln8 the effective Interest methtyy.
Intome
All Income Is reco8nised in ihe Sratemeni of Slnant*al Aciivitles once ihe charlty has entlilemet)i io the funds,11 Is probable ihat
the income will be receed ènd the amountcan be measured rellabty.
ExpÈnthture
Liabililitrs are reco8nised as expenditure as soon as ihere is a le8al LY constrlIve obli8ation commitlln8 the charlty to that
expenditure. il 15 Pfobable that a transfer of econornic benefits will be required in seltlernent and the ornount of the obligation
can bo mea5uTed Tdiably. Expenditure 15 accountedtoron an accrua15 ba5isand has en classified under headings that aEgrogate
all cost related to the <ateEory. Whwe cost5 tannot be dlrÉciiy attributèd io partl
F dB nkAI Notes to the Financial Statements- continued ror tht Year Ebide¥J 31 Mar£h 202i ACCOUNnNG POLICIES- condnu¢d Ufirestrlrted funds can be used In accordatKe wlth the charltable objecb¥es at the dlscretton of the trustees. Restriued fund5 can only be lor particular re5tricte(I twrrrf)5es within the objects of the charity- Resrrittions arise wheTh spÈtillÈd by the donor or whon funds ale raised for paiticular restrltted purposes. Furiher eyp13nation of the nature and purp05eof each fund 15 included in the note5 to the financial ststements. Penon costs aftd thher post4ethement benefl Employees are 'Juto enrolled Into a defined contribut4oD pension scheme from which they may opt out The charlty's on liabilit¥ is the rnonthly contribuiton calculated as a proportion of the erDployee'5 qualifjry.ng earnings during the period of •nployment at the ch4rity- The cost of such contributions15 recognised as 3 staff c05t and charged directly or allotated to th¢ ¢gsi of fai$ing fund$ ¢r expend¢ture pn tharitat acti#t$ in line wlh th¢ pollrie5 de5¢ribtd. Dat ioods and irfts In knnd Food Bank Aid re(eive5 donated goc4J5 from individua15. schools and orBani5ation5. Theseare accounted for a5 Gift5 in Kind and thelr value Is cal£u13Ted 31 The polni ot dlstyibutlon 10 food banks. The l)3s1s lor The valua¥lon Is The baslc prlce of each ITem and usln8 a mtsltiplier lo reco8n15e Ihe h$8her prlce ol donaied 8DDds cornpared to the wlre paid by Fgod Bank Aid when sirnilar PUTihase5 are rnade. The value of 5emce5 provided by ¥dunteer5 15 nut included. We arÈ Ii)rtunate to recwve rtnt and rate free prerni5e5 Ljnd SeCurIe5_ The value of tho rent has beeTh a5cenalrJed by ¢ornparlng market rènts, In addition. we receiv some donated zoods such as fuFn5ture and fittings and these have been valued as used 8oods. 2025 2024 Gift5 in Kind G(M>ds for FD(Kl Banks Renr and Rates Le8al Fees 327,478 88,444 25.620 441,$42 549,363 88,395 21.580 661,33B DONAnoNS AND LÉGAOES 2025 2024 Grfts ID kind C#)nallons Gift Asd fEco¥eries Grants 441.542 1.569.101 141,172 2,Q16 661,3J8 1,737,789 123,907 31,289 2,153.831 2,554,322 Page J9 tont1r>UI...
F dB nkAI Notes to the Financial Statements- continued ror tht Year Ebide¥J 31 Mar£h 202i DONATIONS AND LEGAaES- cortlnuqd The r*trlcied lunds In the year were from erants iecelved for local food banks as setoui In Ne 15_ INVESTMENT INCOME 2025 2024 DÈFx)slt atcount InterÈsi 47,015 45,119 STOF Il41N6 FUND5 2025 2024 Ad¥ertlsin8 and Markeiing Staff costs Fee5 and char8e5 Prlrjtsng and posiage Suppori & Go¥ernirKe rosi$15e¢ noie 61 9,879 127.410 84,378 1.275 1.8C 224.742 20,439 25,906 72,180 3.182 18,476 140.183 IARITABie AcnviTIES COSTS 1025 2024 Goods supplied to food banks Siafl costs Reni Utilltles and Tate5 Van costs Supwri & Go¥wn3rKe costs15ee rK)te 61 2.034.410 155.769 73,333 27,993 4.167 83,793 2379.465 2,063,992 125.094 73,333 15,062 6,146 l21,562 2005,188 SUPPORT & GOVERNANCE COSTS 2025 2024 SUPP Costs Office and General Admin other Professional lees Siaff costs 17.238 55.356 12,753 101.213 22,083 Avdit fee5 3,988 1401137 85393 tharftabk Atll¥llles 7,200 59,356 17,238 A$16 Fynds 1,800 Tot 2025 9,(NJO 59.356 J7.238 Tot•1 2024 3.988 101,213 13.733 22.083 1401137 Audit fÉe5 Other profe55ional fee5 Offlcv Adml Stall costs 83,793 95.593 Page J9 tont1r>UI...
F dB nkAI Notes to the Financial Statements- continued ror tht Year Ebide¥J 31 Mar£h 202i NETINCOMVIEXPE14DmJREI 1025 2024 Net incLNnellexpendiiurel is stated after chèr8in8Jlcreditit181.' Auth"tor5' rernunerati 3.988 TRUSTEÈS. REMUNERATION AtID BENEFI There wÈié no trustÈÈs' remuriÈratian or othÈr bÉfiÉlits ftr the Énded 31 March 2025. Trust••S' •XPWkS•S There wtre no trust*s' eXPÈTh pald for the perlod Énded 31 March 2025. STAFF COSTS 2025 1024 Wages and lrIeS S¢Klal 5e¢urity Costs Pen5i0n contribution5 234,585 20,164 4.270 152,540 iQ.088 259M19 164,627 The a¥erage monthly nLtmber of ernployee5 durin8 rhe pertod wos 15 folbw5- Plo ernDloyees received emdutnents in exce55 of E60.000. The total salary costs have been split between ihe tharStfg a¢tieS 8s follows.. Note Paytoll costs Other iosts Totsl 2025 Costs of raisin8 fund5 Charirable a£tl¥ities Staff costs 115.330 143,689 259,019 12.080 12.080 24,160 127.410 155.769 283,179 2024 Costs of riisln8 fund5 Charirable aCDYiiies Support and Go¥ernarbrÈ tost Staff Costs 25.506 116.968 21.753 164.627 25.>)6 125.094 22.083 173. 8.126 330 8A56 Page 30 tont1r>UI...
- TANGIBLE FIXED ASSETS Total Cost oi revalu¢ Cosi b/fwd Additions Cost clfwd at 31.3.25 7,221 7221 7,221 7221 Dpretl•tlon and Imprm•nt QepFeriaiicin blfwd Char8e ftrr the year Depreciatson clfwd 2.708 1,128 3,836 1.708 1,118 36 Net Book Ve5 Ai ai March 202S At JI M•r¢h 1024 3.385 4.51J 3385 4lj
- srocK5- GOODS FOA FOOD OANKS IOZ5 1024 ood5 for Food &onks 105,5d2 47.369 IZ. DÉBTORS: AMOUNIS FALLING DUÈ wrrHIN ONE YUA 2025 2024 her debiof5 Trade debtors 145,690 28.861 174,552 166.781 2,780 169.561 CREDITORS: AMOUNTS FALL114G DUE wNIN ONE YEAR 2025 Z024 Deferred incorne and acEfuo15 Tr3de creditor5 Tth 83.557 33.540 117.196 11.924 1,179 13.103 Page 30 tont1r>UI...
F dB nkAI Notes to the Financial Statements- continued ror tht Year Ebide¥J 31 Mar£h 202i I4. ANALV%5 OF NEfASSEfs OEIWEEN FUNDS UNe51rirted I5 Re¥trirted nds Tot•1 funds Fixed A5se15 Net Cufrent A55ets Toi* 3,385 1,611,825 I15,210 J,385 1.630.456 1.633A41 18.631 18,631 IS. MOVEMENT IN FUNDS At 1.04.14 In¢oml Resc4wees expended Al 31.3.25 Unrtstrkted Fundt GtheT41 2.C¥)5.913 2.182.215 12.572.918) 1,615,210 Res¢fi(t•d Fund5 Indlvldual FO 8ank Restrlr¥ed Oonatlons 31,289 18.631 151,2891 18,631 Tot•1 lund5 I037201 Z2OOJ46 II&)42071 1,633,841 The restricted funds in the yearwere fvom.. Copenhagen 5tFeet E3,649 Bounds Green Food Bank £4.265 Ca511ehaven Food 8orik El.580 H0rn5ey Food Bank £4,250 SouthEate Mosqve Food Bank £2,580 WD6 Food 8afik £1.082 The Hive £1.165 Oné Vislon £60 16. RELATED PARTY DISCLOSURES There were no rel•ttd party transartlons for the perithj ended 31 Mafth 2025. Page 22