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 So￿er 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 sch￿15. Thi5 year alone. we distributed oveT E2 milli(hl *orth of fcod. 10Sletries afid htyjsehold essentials. Wh315et5 Food Bank A*d 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 s￿leMs. 51ren8then #ur t¢arn. ènd ¢pErate with the kind of 1ovtrn4fi¢e a#d riiour that a ¢hantv trf our $iie req¥ires. We are deeply tOT15110us of the trust placed In u5 by our donors and p3rtnpr5. and we hold that trust wkth 8reai care. Transpareniy and accountability are at the heart ol everything we do-and will continue to Buide every de for a direct￿$, 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$$c￿l¥110n. and AEcwThrin8 and Reporring by Chariries., 5EOtement of RecomrneTrded Practice ap￿1£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 Int￿pOrated 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 all￿18t10n 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 0￿r 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 pro￿510￿ 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 ptr￿ty. 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, knoW￿d6e. Ind thereFore Irscfeased efficiencies. We supwrt food banks by providin8 exalt￿ what they need throu8h 8 wÈekly shopk*n8 list. By rewing on us for a 518nlfitant portign 01 thÈif requ¢rernenlS, there is a r￿u¢¢0 pie55ure on an 3lre3Lly o¥eF-Slretched 5Èrvic¢. We are passlw•ie •boul 16mllie5 hèMn8 food r¢sour¢es to enjo￿N8 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 t￿ats for thildren ensure balanced diet with the occasional indu*eKeY 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 contrib￿te. WÈ facS1itate this extenslvely by hawn8 50+ neiEhbourhood dr4)-off Points across North London. r￿UlaT ollectitsns. superrnarket del￿ery 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 oBJEC￿vE5 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 pro*ided 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 r￿pOnsIble 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 w￿kers.. These Indude 50rters. co-ordinators, drlvers, and shoppers_ Dropoff Poinis.- Our 15 sUP￿rted through cash and Glft In Kind donati￿S. 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 Èstlmat￿thalt￿ volunteer tontribution reprèsents about IS full time equNalent employees. A key feaiure of wr arllvllies Is to planl the seeds ol ¢h•ritsble It￿￿8 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 wekom*n8, 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(h￿Verner￿ and perfarni•nr¢ Food Bank Ald15 S￿11 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 IM￿tI. PerformarKe FoDd Bank Ald monltors its athiev*ntrts 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 th￿r unique needs par￿c￿larlY 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- Financ￿1 performafice. h￿vementS Duflng the ¥ear Ènded 31 Marth 202S, h￿￿hlIghts ol F¢M)d Aid duiing thè year 2024125. Bank Ald higF1l￿hts thÈ loll¢Trwl*e a¢h￿vementS.. 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, prO￿￿n8 tertainty for thÈfollowillg financlal year Our Fw(kaWr* Prartk•s Food 6ankAid benefits Èreatlyfrorn thesVPPOrtol Iixal people. We gain new supporter5 mainlythrough networ*in& word ol rn0￿h and recommet)datsons that lead to ￿t￿oI1£ited donations. When we carry out fundraisln8. we strive to 8ive the best expeflence to our supporters. The rnai¢xity Df our furKlrèi5ing acti*it￿e5 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.. 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 *Sta￿lshing pollty. Thè Trustèes meÈt t4ularly trj oversté its affa￿rs. The day-to•ay Opera￿￿n Is ￿@1￿*t￿￿ 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 thr￿8h # 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 t￿l￿nE There Is a formal induction protess. Eath new ¢rustt¢1s 8lven •Tr lnir0d￿t0rV 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 ffina￿e, 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 Inier*ts is mainrained to W15ure Ehat rdaied party ttan5JCtions can be iderstlfled, P•y Polky for Senloi si•ff and T*￿tee$ 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 th￿r$￿￿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 IrrÉgulaf￿es. 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 Repu￿1£ 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 the*l ap￿¥ thern ronsisten￿￿, c4)ser￿the methods and principl￿ in the ChJrsty SORP.. make l￿dgements 3nd estJmate5 that are reasonable and pruéeni- Slate v4hethef appli¢able attou#tin8 St#nd3rds have beon foll¢Med. subtr'£¢t to aAV maierial d*partures 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 $18nEd on the board's behalf b¥". N67OFllI E￿￿ell Naoml Russell- Trustee PazÈ9 Re rt of The Ind Food Bank Ald end io Oplnlon We have audiied the flnar)clal siatements ol Food 8anl Ald lihe 'chariiable company'l for the period ended 31 March 202$ 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 aP￿iCaNe law. Our res[K￿sibIlities under those standards are furthef described th￿A￿dItorS. 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 e￿denCe 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 uThcenaln￿eS 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 res￿n￿bilItieS and the respon51￿lItIeS 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$e expllclil¥ staled In Our report, we do not express any form ol assurance concluslcn ihereon. In COAnection with ow audit ot the financial statemet)ts, our resp)nsi￿lIty is to read the other Informatlon and. In doin8 so. cofisldef whether the other Information Is maierially Inconsisient wlth the flnancial siaremenrs or otsr knowled8e obtalned In ihe audli or otherwise appears to be materially misstated, If we Identlfy Such m*ersal Trncon5I51encies or oppareni m8ter¥al misstètements, we ore required io deiermine wherher this gi￿$ 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 $￿eMents are wepared is ¢on51StÈrf with the financial statemt*its.' and the Rerrtjrt of ihe Trustees has been prepar*1 In *cordance ￿th appllcable leEal roqulremen Page 10 F dB nkAI rtoftheln en entAu to th Mernber5 of FI￿ BafjkAid conti Marters on wtrdch we are retylred to report by eMcew40fi In the118hi ol the knowled8e and under51andin8 of Ihe sts. Misstatements can arise from fraud or errol and are considered material if, Individuall¥ or in the 48gregate. they ctyJld reasonably be expecied io Influence ihe economlc decis￿D$ of users i•kÈn on the bas15 01 these flnaDclal 5tatement5. Irregularitles, Including fraud, are instances of Mn-compliance with law5 and fegulatkons. We de5i¢n procedwes in Ilne with our responslbllltles. wyined abo¥e. ro delecl milerlal misstatements In re5peci of Irie8ularrtles, Includln8 fraud. The extent io whlch our proiedure5 are capable of detecting irregvlaritie5. incluLlin8 fraL•d 15 (*etailed below.. In Identilyin¢ and assesslng rlsks of maierlèl misstatemeni In respect cf Irregularitles, Includlng fraud and non-com￿la￿e wlth laws ind re&ulatiofts. we considered ènd undertook the ffollowin8 audit procedures Tn response". We obtsSned an understandln8 01 ihe le8al and re8ulatory Irarneworks th* are aP￿SCable tothe company and determlned thai ihe m05t 518nificènt are those that rdare iothe reporting frameworks (United Kingdom accounting Standards and Companies Ait 2(M)61', We obtained an understanding of ihe natureof ihe iTrdustry and sector, conird envir￿lment and buSI￿S performance,, The outcome of di5CU5Sions wlih manaEemenr and ih05e charged with go¥ern3nce and any mailers we Ideniifled hawnR Dbtsined an(t re￿eWed rhe rompony'5 Oo¢umenrHIK)n of ihdr pdicie5 and procedure5 rdoted to.. Identifwng, evaluating and cotnplying with law5 and re8ulatlOlls and whether they weTe wNareof arty Instances ol non- compliance or any actual or wiential liiigation or claims,. D•T•¢tin8 and r•spondin8 lo the risks of fraud and wh•th•r thry haw4 knowlod89 of any actual, suspected or allefjed Frovd,. The itbteTnal controls e5tabli5hed to miti8ate Tisk5 of fraud or non-com￿1a1Ke wth laws and regulatiotb5- The rnalter5 di5cvssed dvrln8 the avdit en8a8emeni tearn br*efin6 re8ardin8 how and where fraud rnighi occvr the tiTrancial staietnen15 and any potential indicaiof5 of traud. All engagetnent team members were adirysed to refflain alert to any indications of fraud or non-£omplia￿e with laws and regulations thfOUEhout the audit,. Reviewing the tinaniial 5tateTheni dtsc105vres and testing to 5UPPOrting d(Kufflentatson tO35se55 compliarbce with proM5ion5 of rÈlÈ¥int laws and rÈgulatitsns dÈstribÈd as havlng a dirÈtt eflett on the financial statÈmÈnts,' Perforn7inE analyticèl procedures to identify èny unusual or ur*xpecEod rdationships ihat may indicate risks ol material mi55tatement dueto Irayd.. Readin8 mintstes ol meetln85 of ihose char8ed wlth 8tr¥ernance and r￿￿n6 correspondence wlth HMRC and InspecbThi of relevani legal corre5wnderKe'. Page 12 F dB nkAI rtoftheln en entAu to th Mernber5 of FI￿ BafjkAid conti Our respths1blll￿tS lorthe audlt of fiMnclal statemenis Icont.) In addrèsssn8 thè fisk tsf fraud throu8h managÈmeni overfide of contrds. testing the appfoprlatèness of I￿rnal Èfjtrits and other adjustments by iestinÉ manual journal er*iries, 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 I￿l￿din0 the pfovi510ns of the applilher purpose. To the lullest extent perrntrted by layd. we do noi aircpt QT issume respofislbllilytoanyone othef thèn the chaMtable¢ompanyand the charftablecompanvs members asa trKidy,lorour dudttw￿k, for this report, or tOTthe opinion5 we have lormed. Philip EweD ISeJior Statutory Audrtorl for and on behalf ol Calder$118831 LLP CharteTed Accountants & Ststut(ryAuditors 30 OrangÈ StrÉet Lonlon WC2H 7HF Cald8rs(1583)LLP Page 12 F dB nkAI Statement of Financial Acti￿ne5 enditure A(£(￿￿￿1 rEn Jmar UMestrfcted Re￿￿rted Total Funds 1025 Tthal F￿d$ 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 2,1￿5,913 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$3ets 1.630.457 2,032,689 Tthal Ass•ts L•ss Curr•ffl Llabllltles 1.633.841 2.037.202 N•iA%s*ts 1.633.841 2,037202 F￿d& Restiicted Unre5tr5cted 18.631 1.615.110 31.289 1.005,913 T¢4al Funds 1.633.841 2,037.202 The linancial statement5 were apprcved by the Boord of Trustees and authoTi5ed lor issue 00 30 Se IL*nber ZOZ5 and were 5igneO on its b￿halt by.. Naowi EKfjJeU Naoml Russell- Trusiee (hrls Go￿18•m*. Trustee notes I(￿rn p4rt of thes¢ Ilnanclal 5taiements Page 14 F dB nkAI Statement of Cash Flow5 roi tht Ytar Epide¥J 31 Mar£h 202i 2025 1024 Netes Cashllrr*s IrL>Tr operatkn8 aCtlvltle5 Cash generoted from operations 1408,3181 146,6921 Netcash prtr41ded by operallni actlyltles 1408.3181 146.6921 sh flvw5 Irm artivities IntÈT￿l recei4￿d Property. plant arvj equlpmeni 4*tca5h prov5ded by investsng ¥¢tiwb¢% 47,015 45,119 Change in (ash and tash egu1v8￿rtts ih the rEPOrtFr* pEri Cash ar•Je45heqw¥alent5 ￿ the *inrAry¥ of ihe ieporti perfod 1361,3031 1.828.862 11,5731 1.830.435 Cash andea5h eq￿Valents èt the end ol the rep￿lf6 PQfSod 1,467.559 1.828.862 notes I(￿rn p4rt of thes¢ Ilnanclal 5taiements Page 15 F dB nkAI Notes to the Ststement ot Cash Fl ror tht Year Epide¥J 31 Mar£h 202i RECONaLIAIIOI4 OF NET INCOME TO NEfcASM FLOW FROM OPERATING AcfMnES 1025 2024 Net lThcm lorthe ￿P(vIll¥ pertod las perthe Staten*nl of Flnanrlal Act￿￿$) AdI￿l￿nts lor. Interest re(eived Depreciation ol property. plant a*d 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 ￿ 0￿ratIOnS 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 I￿28￿62 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 flnar*Sal staleft￿nIS 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 pre￿red 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 rL￿er￿S. 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 ￿Y￿en1$, In respe¢¢ of l¥ture flnanU￿I... F dB nkAI Notes to the Financial Statements- continued ror tht Year Ebide¥J 31 Mar£h 202i ACCOUNnNG POLICIES- condnu¢d Ufirestrlrted funds can be used In accordatKe wlth the charltable objecb¥es at the dlscretton of the trustees. Restriued fund5 can only be lor particular re5tricte(I twrrrf)5es within the objects of the charity- Resrrittions arise wheTh spÈtillÈd by the donor or whon funds ale raised for paiticular restrltted purposes. Furiher eyp13nation of the nature and purp05eof each fund 15 included in the note5 to the financial ststements. Pen￿on costs aftd thher post4ethement benefl Employees are 'Juto enrolled Into a defined contribut4oD pension scheme from which they may opt out The charlty's on liabilit¥ is the rnonthly contribuiton calculated as a proportion of the erDployee'5 qualifjry.ng earnings during the period of •nployment at the ch4rity- The cost of such contributions15 recognised as 3 staff c05t and charged directly or allotated to th¢ ¢gsi of fai$ing fund$ ¢r expend¢ture pn tharita￿t acti￿#t$ in line wlh th¢ pollrie5 de5¢ribtd. D￿at￿ 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 SeCurI￿e5_ 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>U￿I... 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 N￿e 15_ INVESTMENT INCOME 2025 2024 DÈFx)slt atcount InterÈsi 47,015 45,119 STOF Il41￿N6 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￿$1￿6 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>U￿I... 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 ￿l￿rIeS 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>U￿I... 10. TANGIBLE FIXED ASSETS Total Cost oi revalu￿¢ Cosi b/fwd Additions Cost clfwd at 31.3.25 7,221 7221 7,221 7221 D*pretl•tlon and Imp*rm•nt QepFeriaiicin blfwd Char8e ftrr the year Depreciatson clfwd 2.708 1,128 3,836 1.708 1,118 3￿6 Net Book V￿￿e5 Ai ai March 202S At JI M•r¢h 1024 3.385 4.51J 3385 4￿lj 11. 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 w￿NIN 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>U￿I... 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 I￿￿￿5 Re¥trirted nds Tot•1 funds Fixed A5se15 Net Cufrent A55ets Toi* 3,385 1,611,825 I￿15,210 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