Charity number: 1194390
THE WHOLESOME WAREHOUSE
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
THE WHOLESOME WAREHOUSE
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 19 |
THE WHOLESOME WAREHOUSE
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MAY 2024
Trustees Mr Mike Britton, Chair Dr Meindert Roger Verheul Mollie Stansfield (appointed 29 February 2024) Nigel Sussex (appointed 29 February 2024) Charity registered number 1194390 Principal office 28 West Street Storrington West Sussex RH20 4EE
Page 1
THE WHOLESOME WAREHOUSE
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MAY 2024
The Trustees present their annual report together with the financial statements of the The Wholesome Warehouse for the year 1 June 2023 to 31 May 2024.
Objectives and activities
Policies and objectives
The charity's objects are the relief of poverty and financial hardship to persons in the region of West Sussex and to promote social inclusion for the public benefit. The policies adopted in furtherance of these objects are Safeguarding, the Charity’s Core Values, Code of Conduct for Volunteers, Security and Privacy, in addition to Role Descriptions and an interview process for volunteers to apply for. There has been no change in these during the year.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Achievements and performance
Main achievements of the Charity
Summary
The Wholesome Warehouse was opened 50 weeks of the year.
In this year we changed the way we recorded data within Airtable (our database application). We introduced the language of open and closed cases in our food, furniture and financial grant making activities. We are now able to track the number of cases we manage for each recipient and donor.
The charity’s work continues to be largely led by volunteers supported by 4 contracted team members, who are paid when funds allow.
We fitted a new kitchen and new electrics in several areas of the warehouse.
We ran a weekly community / volunteers lunch for 50 weeks of the year.
Simon Croft one of the founders resigned as a trustee. Two new trustees: Nigel Sussex and Mollie Stansfield were appointed in February 2024.
We received our first substantial grant from the National Lottery Cost of Living Fund and Horsham District Council.
We organised our first Fund raising Dinner.
We published our latest Safeguarding Review and Report and launched a new volunteers role called a Key Contact with safeguarding responsibility.
We commissioned a Trustees Workshop to improve our quality of governance and to enable the existing trustees and founders to select two new trustees. In addition, the trustees commissioned a Strategic Design project and Impact Report to be published in October 2024.
Page 2
THE WHOLESOME WAREHOUSE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024
Achievements and performance (continued)
Key performance indicators
Performance Data
Number of recipient households supported – 149 No of people supported – 332 (includes 147 children)
Referrals
Number of online referrals – 121 Number of successful referrals – 90 Number of referrers added to database - 89
Food
No of households supported with food – 87 Number of people supported with food – 227 (includes 114 children) Average No of food boxes packed and delivered / week - 45 Total number of chilled food portions given – 2,000+ No of food deliveries – 2,250
Furniture
No of furniture recipient households – 110 Number of people impacted by furniture donations – 250 (includes 110 children) No of furniture donations online – 95 No of collections from donors - 60 No of deliveries to recipients – 206
Financial donors
Total number of private donors - 89 Number of institutional, corporate or trust donor - 21
Time Givers (Volunteers)
No of time givers – 50 Av number of time givers per week - 30
Financial review
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Page 3
THE WHOLESOME WAREHOUSE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024
Principal risks and uncertainties
The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
Constitution
The Wholesome Warehouse is a registered charity, number 1194390, and is constituted under a CIO Foundation constitution.
Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the CIO Foundation constitution.
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the CIO Foundation constitution. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 30 January 2025 and signed on their behalf by:
Mr Mike Britton (Chair of Trustees)
Page 4
THE WHOLESOME WAREHOUSE
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MAY 2024
Independent examiner's report to the Trustees of The Wholesome Warehouse ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 May 2024.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no 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 Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed:
Dated: 30 January 2025
Nicholas M Baldwin
BA(Econ) FCA DChA
Page 5
THE WHOLESOME WAREHOUSE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2024
| Note Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Other income 6 Total income Expenditure on: Raising funds Charitable activities 8 Total expenditure Net (expenditure)/income Transfers between funds 16 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2024 £ 78,668 - - - 78,668 - 111,403 111,403 (32,735) 193 (32,542) 16,018 (32,542) (16,524) |
Unrestricted funds 2024 £ 53,003 7,327 8 2,974 63,312 1,588 37,808 39,396 23,916 (193) 23,723 13,629 23,723 37,352 |
Total funds 2024 £ 131,671 7,327 8 2,974 141,980 1,588 149,211 150,799 (8,819) - (8,819) 29,647 (8,819) 20,828 |
Total funds 2023 £ 76,584 5,485 1 684 |
|---|---|---|---|---|
| 82,754 | ||||
| 265 58,637 |
||||
| 58,902 | ||||
| 23,852 - |
||||
| 23,852 | ||||
| 5,795 23,852 |
||||
| 29,647 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 19 form part of these financial statements.
Page 6
THE WHOLESOME WAREHOUSE
BALANCE SHEET AS AT 31 MAY 2024
| Note Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total net assets Charity funds Restricted funds 16 Unrestricted funds 16 Total funds |
2,056 22,494 24,550 (5,277) |
2024 £ 1,555 19,273 20,828 1,653 19,175 20,828 |
(1,510) 31,473 29,963 (1,963) |
2023 £ 1,647 28,000 |
|---|---|---|---|---|
| 29,647 | ||||
| 16,018 13,629 |
||||
| 29,647 |
The financial statements were approved and authorised for issue by the Trustees on 30 January 2025 and signed on their behalf by:
Mr Mike Britton
(Chair of Trustees)
The notes on pages 8 to 19 form part of these financial statements.
Page 7
THE WHOLESOME WAREHOUSE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
1. General information
The Wholesome Warehouse is a charitable incorporated organisation registered with the Charity Commission in England & Wales.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Wholesome Warehouse meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Charity's accounting policies.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
Page 8
THE WHOLESOME WAREHOUSE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
2. Accounting policies (continued)
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.5 Tangible fixed assets and depreciation
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
| Motor vehicles | - | 25% |
|---|---|---|
| Fixtures and fittings | - | 25% |
2.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 9
THE WHOLESOME WAREHOUSE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
2. Accounting policies (continued)
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.9 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.10 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
3. Income from donations and legacies
| Donations Grants |
Restricted funds 2024 Unrestricted funds 2024 £ £ 44,495 47,065 34,173 5,938 78,668 53,003 |
Total funds 2024 £ 91,560 40,111 |
|---|---|---|
| 131,671 |
Page 10
THE WHOLESOME WAREHOUSE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
3. Income from donations and legacies (continued)
| Donations Grants |
Restricted funds 2023 £ 21,509 14,985 36,494 |
Unrestricted funds 2023 £ 40,090 - 40,090 |
Total funds 2023 £ 61,599 14,985 |
|---|---|---|---|
| 76,584 |
| 4. Income from charitable activities Unrestricted funds 2024 £ Income from charitable activities - Utilities recharges 7,327 Unrestricted funds 2023 £ Income from charitable activities - Utilities recharges 5,485 5. Investment income |
Total funds 2024 £ 7,327 |
|---|---|
| Total funds 2023 £ 5,485 |
|
| Unrestricted funds 2024 £ Investment income - bank interest 8 Unrestricted funds 2023 £ Investment income - bank interest 1 |
Total funds 2024 £ 8 |
|---|---|
| Total funds 2023 £ 1 |
Page 11
THE WHOLESOME WAREHOUSE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
6. Other incoming resources
| Unrestricted funds 2024 £ Other income 2,581 Other incoming resources - parking 393 2,974 Unrestricted funds 2023 £ Other income 36 Other incoming resources - parking 648 684 |
Total funds 2024 £ 2,581 393 |
|---|---|
| 2,974 | |
| Total funds 2023 £ 36 648 |
|
| 684 |
7. Analysis of grants
| Grants and donations made Grants and donations made |
Restricted grants 2024 £ 43,731 Restricted grants 2023 £ 3,903 |
Donations to projects 2024 £ 25,672 Donations to projects 2023 £ 22,852 |
Total funds 2024 £ 69,403 |
|---|---|---|---|
| Total funds 2023 £ 26,755 |
Page 12
THE WHOLESOME WAREHOUSE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
8. Analysis of expenditure on charitable activities
Summary by fund type
| Direct costs - Activities (Activity 1) Direct costs - Activities (Activity 1) |
Restricted funds 2024 Unrestricted funds 2024 £ £ 111,403 37,808 Restricted funds 2023 Unrestricted funds 2023 £ £ 26,755 31,882 |
Total 2024 £ 149,211 |
|---|---|---|
| Total 2023 £ 58,637 |
9. Analysis of expenditure by activities
| Direct costs Direct costs |
Activities undertaken directly 2024 £ 69,309 Activities undertaken directly 2023 £ 26,334 |
Grant funding of activities 2024 £ 69,403 Grant funding of activities 2023 £ 26,755 |
Support costs 2024 £ 10,499 Support costs 2023 £ 5,548 |
Total funds 2024 £ 149,211 |
|---|---|---|---|---|
| Total funds 2023 £ 58,637 |
Page 13
THE WHOLESOME WAREHOUSE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
9. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Rent Electricity Insurance, water and waste disposal Safeguarding costs Motor expenses Maintenance and repairs Subscriptions Telephone Packaging, stationery and postage General warehouse costs Computer running costs Volunteer lunches Training Miscellaneous expenses Cleaning |
Total funds 2024 £ 42,000 12,820 3,549 3,962 981 573 2,426 947 511 252 - 660 36 454 138 69,309 |
Total funds 2023 £ - 12,779 3,123 1,345 2,498 410 1,256 721 1,240 467 367 298 922 845 63 |
|---|---|---|
| 26,334 |
Analysis of support costs
| Paid team costs Bank fees Governance costs |
Total funds 2024 £ 7,115 231 3,153 10,499 |
Total funds 2023 £ 2,953 - 2,595 |
|---|---|---|
| 5,548 |
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THE WHOLESOME WAREHOUSE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
10. Independent examiner's remuneration
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Charity's independent examiner for the independent | ||
| examination of the Charity's annual accounts | 2,160 | 1,650 |
11. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .
During the year ended 31 May 2024, no Trustee expenses have been incurred (2023 - £NIL) .
12. Tangible fixed assets
| Cost or valuation At 1 June 2023 Additions At 31 May 2024 Depreciation At 1 June 2023 Charge for the year At 31 May 2024 Net book value At 31 May 2024 At 31 May 2023 |
Motor vehicles £ 3,295 - 3,295 1,648 824 2,472 823 1,647 |
Fixtures and fittings £ - 901 901 - 169 169 732 - |
Total £ 3,295 901 |
|---|---|---|---|
| 4,196 | |||
| 1,648 993 |
|||
| 2,641 | |||
| 1,555 | |||
| 1,647 |
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THE WHOLESOME WAREHOUSE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
13. Debtors
| Due within one year Trade debtors Tax recoverable |
2024 £ 1,021 1,035 2,056 |
2023 £ (1,510) - |
|---|---|---|
| (1,510) |
14. Creditors: Amounts falling due within one year
| Trade creditors Other creditors Accruals and deferred income |
2024 £ 3,477 - 1,800 5,277 |
2023 £ 503 20 1,440 |
|---|---|---|
| 1,963 |
15. Financial instruments
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 22,494 | 31,473 |
Financial assets measured at fair value through income and expenditure comprise bank balances.
Page 16
THE WHOLESOME WAREHOUSE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
16. Statement of funds
Statement of funds - current year
| Balance at 1 June 2023 £ Unrestricted funds General fund 13,629 Restricted funds Food (215) Acs 4:35 - Jericho 10,000 Groundwork One Stop (129) HDC Winter fuel 470 HDC White goods 500 NISA 241 Electrics project 5,000 Professional services 151 HDC Household support - Bowerman - Jerusalem - National Lotto - CoOp Community - Other - Rent - 16,018 Total of funds 29,647 |
Income £ Expenditure £ 63,312 (57,573) 6,379 (6,379) 3,125 (3,125) - (10,000) 250 (250) - (470) - (250) 1,292 (1,406) - (5,000) - - 5,000 (5,000) 2,500 (2,500) 2,500 (2,500) 11,992 (11,992) 1,450 (174) 2,180 (2,180) 42,000 (42,000) 78,668 (93,226) 141,980 (150,799) |
Transfers in/out £ Balance at 31 May 2024 £ (193) 19,175 215 - - - - - 129 - - - - 250 - 127 - - (151) - - - - - - - - - - 1,276 - - - - 193 1,653 - 20,828 |
Transfers in/out £ Balance at 31 May 2024 £ (193) 19,175 215 - - - - - 129 - - - - 250 - 127 - - (151) - - - - - - - - - - 1,276 - - - - 193 1,653 - 20,828 |
|---|---|---|---|
| - - - - - 250 127 - - - - - - 1,276 - - |
|||
| 1,653 | |||
| 20,828 |
Page 17
THE WHOLESOME WAREHOUSE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
16. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds General fund Restricted funds Food Winter fuel Acts 4:35 Jericho Groundwork One Stop HDC Winter fuel HDC White goods NISA Electrics project Professional services Total of funds |
Balance at 1 June 2022 £ 5,795 - - - - - - - - - - - 5,795 |
Income £ 46,260 309 700 2,485 10,000 1,000 500 500 500 5,000 15,500 36,494 82,754 |
Expenditure £ (38,426) (524) (700) (2,485) - (1,129) (30) - (259) - (15,349) (20,476) (58,902) |
Balance at 31 May 2023 £ 13,629 |
|---|---|---|---|---|
| (215) - - 10,000 (129) 470 500 241 5,000 151 |
||||
| 16,018 | ||||
| 29,647 |
17. Summary of funds Summary of funds - current year
| Balance at 1 June 2023 £ General funds 13,629 Restricted funds 16,018 29,647 |
Income £ Expenditure £ 63,312 (57,573) 78,668 (93,226) 141,980 (150,799) |
Transfers in/out £ Balance at 31 May 2024 £ (193) 19,175 193 1,653 - 20,828 |
Transfers in/out £ Balance at 31 May 2024 £ (193) 19,175 193 1,653 - 20,828 |
|---|---|---|---|
| 20,828 |
Page 18
THE WHOLESOME WAREHOUSE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
17. Summary of funds (continued)
Summary of funds - prior year
| Balance at | Balance at | Balance at | |||
|---|---|---|---|---|---|
| 1 June | 2022 | Income | Expenditure 31 May 2023 |
||
| £ | £ | £ £ |
|||
| General funds | 5,795 | 46,260 | (38,426) 13,629 |
||
| Restricted funds | - | 36,494 | (20,476) 16,018 |
||
| 5,795 | 82,754 | (58,902) 29,647 |
|||
| Analysis of net assets between funds | |||||
| Analysis of net assets between funds - current period | |||||
| Restricted | Unrestricted Total |
||||
| funds | funds funds |
||||
| 2024 | 2024 2024 |
||||
| £ | £ £ |
||||
| Tangible fixed assets | - | 1,555 1,555 |
|||
| Current assets | 1,653 | 22,897 24,550 |
|||
| Creditors due within one year | - | (5,277) (5,277) |
|||
| Total | 1,653 | 19,175 20,828 |
|||
| Analysis of net assets between funds - prior | period |
18. Analysis of net assets between funds
| Tangible fixed assets Current assets Creditors due within one year Total |
Restricted funds 2023 £ - 16,018 - 16,018 |
Unrestricted funds 2023 £ 1,647 13,945 (1,963) 13,629 |
Total funds 2023 £ 1,647 29,963 (1,963) 29,647 |
|---|---|---|---|
Page 19