DERBY FOOD 4 THOUGHT ALLIANCE FINANCIAL STATEMENTS FOR 31 MARCH 2024 Charity Registration Nufftber 1198665
DERBY FOOD 4 THOUGHT ALLIANCE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Contents Page Memb¢rs of the board and professional advlser Trustees, annual rep)rt 24 Independent examineTS report Statement of financial activities Balance Sheet Notes to the financial statements 8-16
DERBY FOOD 4 THOUGHT ALLIANCE REFERENCE AND ADMINISTII4TtVE DETAILS Board of Trustees Ejaz Sanvar Jan¢ Whi¢ney Sarah Fowler Chief Executive Officer Paul Brookhouse Registered office 30 Chamwood stet Derby DEI IGU Independent Examiner Mark Newey Derby Community Accountancy Service Babington Lodge 128 Green Lane Derby DEI IRY
DERBY FOOD 4 THOUGHT ALLIANCE FINANCIAL STATEMENTS TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2024 The trustees have pleasure in presenting their report and the unaudited flnancial statements of the organisation for the year end¢d 31 March 2024. OWECTIVES AND ACTIVITIES The aims of the charity shall be to,. For the public benefit, the prevention or rclief of poverty in Derby, in particular but not exclusively by providing emergency food supplies and related provisions to individuals in need and to other charltable organÈsations in Derby working to prevent or r¢lieve povety SUMMARY OF THE MAIN ACTIVITIES UNDERTAKEN FOR THE PUBLIC BENEFIT IN RELATION TO THESE OWECTS In planning the activities for the year, the Charity kept in mind the Charity Commission's guidan on public benefit and in all its me¢tings the Trustees ¢nsur¢d that this was the driving force behind the Charity's activities. ACHIEVEMEiYfs AND PERFORNANCE Despite challenging times for the voluntary and the rise in demand of support we raised enough supw)rt through donations and grants to meet all the charitabl¢ aims and objectives. Distributed 20,107 food parcels with partners, ensuring that those facing food insecurity were supported during the cost of living crisis. This equated to £489,772 retail value of food making 180.963 meals within those parcels We supported 23,380 Adults and 13.512 children through th¢se parcels We 1]StrIbuted over £170,000 of surplus food that could have ended in landfill Provided Christhias support on top of normal food parcel provision we provided 2622 meals via hamp¢rs or hot meals, including over 400 children. W¢ appli¢d for 913 applications for additional financial supwrt helping a total of 1184 ple (539 children) We rnised and spent £E10254 on purchasing food to ensure we could meet the supply and demand of those in need. We successfully transitioned from being a part of Community Action Derby to an independent charity Increased the partner projects who work with u5 to a total of15 food bank or Community thop or pantri¢s and over 30 warni welcome style projects. We successfully 5UPtx)rted 5 projects to transition from a traditional food bank to a more dignified shop or pantry model.
DERBY FOOD 4 THOUGHT ALLIANCE FINANCIAL STATEMENrs TRUSTEES? ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Successfully delivered a school uniform project in the summer of 2023 and supported 687 children, so that families didn't have to face food insecurity due to uniforn) costs. Took over the running of 2 wann Welcome projects that would have collapsed without out support. Celebrdted 4 years of Derby food 4 Thought Alliance in March 2024. Had QVeT 3397 bags, boxes or trays of food donated. STRucfuRE GOVERNANCE AND MANAGEMENT Governing document Derby Food 4 Thought Alliance has as its registered office 30 Chamwood Street. Derby, DEI IGU. 15 a CIO (charity registration No. 1198665) and registered with the Charity Commission on 20 April 2023. Trustee seleetion "rhe Trust¢¢5 yearly undertake A skills audit to ascertain those skills that are required of trustees. Efforts are made to recruit as TnLstres persons who hav¢ among them the range of skills necessary or desirable for the ¢onduct of the Charity's work and fulfilment of its objects in its field of operation. Risk management policy The I"rustses examine the major risks facing Derby Food 4 Thought Alliane #nnually when updating business pls. Systems have been developed io monitor and count¢r such risks, to lessen any irnpaci they may have in the future. FINANCIAL REVIEW Reserves Policy The charity has a reserves FxTrlicy to hold three months running costs in reseryes. At 31 March 2024 the charity had unrestricted reserves of £747. Independent Examiner Mark Newey of Derby Community Accountancy Servi¢e and will be in office as independent examiner for the ensuing year.
DERBY FOOD 4 THOUGHT ALLIANCE FIIYAIYCIAL STATEIIqENTS TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Registered office: 30 Chamwood Street Derby DEI IGU Signed on behalf of the trustees Approved by the Committee on Ejgz Sarwar Trustee
DERBY FOOD 4 THOUGHT ALLIANCE INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES OF DERBY FOOD 4 THOUGHT ALLIANCE I report on the accounts of the Charity for the year ended 31 March 2024 which are set out on pages 6 t() 16. Re8pe¢tive re8pollsibilities ofthe Iru8tees Ydnd examiner As the charity trustees of the Trust* you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act")- I repY)rt An resFKGt of my examination of the TN5t's accounts carried out under section 145 of th¢ 2011 Act and in carrying out my examination, I have followed the applicable Directions given by th¢ Charity Commission under section 145(5)(b) of the Act. Independent examiner'& statement I have completed my examination. I confirni that no material matters have come to my attention in connection with the examination which gives me cause to believe that in. any maierial respect: accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with th¢ a¢counting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of thc COunts to be Teached. 231i1?olP Mark Newey ACMA Derby Community Accountancy Service Babington Lodge 128 Green Lane Derby DEI IRY Date
DERB Y FOOD 4 THOUGHT ALLIANCE STATEMENT OF FINANCIAL ACTIVITY YEAR ENDED 31 MARCH 2024 Total Funds Year to31 Mar 2024 Total Funds Yearto31 Mar 2023 UDrestricted Funds Restricted Funds Note Income from: Donations Charitable activiti¢s Other income Investment income 178,693 178,693 157J04 306 157,304 306 Total ineoming resouree$ 179,002 157J04 336,306 nditure on: Raising funds Charitable activities 178255 121045 300,100 31)0,100 Total resources expended 178255 121,845 Net ineomingl(outgoing) resour¢es before transfers 747 35,459 36206 Transfer between funds Net Incomingl(outgoing) resources for the year 747 35,459 36306 Balances brought fonvard Balances carried forward 747 35,459 36,206 The Board has no recognised gains or losses other than the results for the year as set out above. All of the activities of the organlsation are classed as continuing. The on pages 8 to 16 form part of these financial statements.
DERBY FOOD 4 THOUGHT ALLIANCE BALANCE SHEET 31 MARCH 2024 31 Mar 2024 31 Mar 2023 IW4ote Fixed assets Tangible assets Currellt assets Cash at bank and in hand Debtors 44,139 7,196 5,642 io 51,335 5,642 Creditors: Amounts falling due Tvithin one year li 15,129 5,642 Net current assets 36206 Total assets less current liabilities 36,206 36206 Net assetsl{1i4biliti) Fullds Restricted Funds General Funds Designated Funds 12 12 12 35,459 747 TOTAL FUIYDS 36,206 The fmancial statements were approved by th¢ members of the trnstees on the and signed on their behalf by.. Ejaz Sarwar Trustee The notes on pages 8 to 16 form p%rt of th¢ financial statements.
DERBY FOOD 4 THOUGHT ALLIANCE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Accounting policies The principal accounting pN)licies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: Organi5ation information Derby Food 4 Thought Alliance's registered office is 30 Charnwood Street, D¢Tby. DEI IGU. At the end of the year there were 3 trustees. 1.1 Aetounting convention These accounts have been prepared in accordance with FRS 102, "The Financial Rew)rting Standard applicable in the UK and Republic of Ireland" ("FRS 102-), "Accounting and Reporting by Charities" the Statement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it applies from l January 2015. The orgartisation is a Public Benefit Entity as defined by FRS 102. The accounts are prepared in Sterling which is the functional currency of the organisation. Monetary amounts in these financial statements to the nearest £. The accounts have been prepared on historieal cost convention apart from freehold property that is carri¢d at market value. The principal ac¢ounting policies adopted are set out below. These are accounts for the year ended 31 March 2024 are prepared in accordance with FRS 102, The Financial Reporting Standard applicable in th¢ UK and Republic of Ireland. The impact on the reported financial w>sition and financial perfomiance for the previous year are not affe¢ted by the transition to FRS EO2. 1.2 Going concern At the time of approving the accounts, th¢ Board have a reasonable ¢xJx¢tation that the organisatiom has adequate resources to continue in operntional existence for the foreseeable future. Thus the Board continue to adopt th¢ going ¢oncern basis of accounting in preparing the accounts. 1.3 Cbaritable Funds Unrestricted funds are available for use at the discretion of the Board in furtherance of th¢ general objectives of the organisation. Designated funds are unrestricted funds earniarked by th¢ Board for particular putposes. Restricted funds are subjected to restrictions QD thcir ¢xp¢nditur¢ imposed by the donor or through the terms of an appeal. 1.4 Incoming rosources All incoming resources are included in the SOFA when the organisation is legally entitled to the income and the amount can be quantified with re&8onable accuracy. Gifts in kind have been included at market value of gifts received and in assets acquired. No amounts are included in the financial statements for services donated by volunteers.
DERBY FOOD 4 THOUGHT ALLIANCE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 1.5 Resources expended All expenditure is accounted for on an accruals basis and has been classified und¢r headings that aggregate all ¢osts relating to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. Fund-raising costs are those incutyed in s¢¢king voluntary contributions and do not include the costs of disseminating information in the support of the charitabl¢ a¢tiviti¢s. 1.6 Debtors Trade and other debtors are recognised at the settlement amount due after any trade discounts offered. Prepaytnents ar¢ valued at the amount ppaid net of any trade discounts due. 1.7 Cash and cash equlvAlents Cash and cash equivalents include cash in hand, d¢wsits held at call with banks. other short terrn liquid investments wlth original maturities of three months or less, and bank overdrafts. Bank overth7fts are shown within borrowings in current liabllities. 1.8 Creditors and provisions Creditors and provisions are recognised where the organisation ha5 a present obligation resulting from a past event that will probably result in the traT]sfer of funds to a third paty and the amount due to settle the obligation Can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 1.9 Financirdl instruments The organisation has financial assets and financial Ilabilitics of a kind that qualify as basic rjnancial instruments. Basic financial instrnments are initially recognised at transaction value and subsequently measured at their settlement value. Derecognilion offancIal liabilill&s Financial liabtlities are derecognised when the organisation's contrdctual obligations expl or are discharged or cancelled. 1.10 Employ¢¢ benefits The cost of any unus¢d holiday entitlem¢nt is recognised in th¢ year in which the employ¢c's services are received. Temiination benefits are recognised Immediately as an eXnSe when thc board is demonstrably ¢ornmitted to temiinate the employm¢nt of an employee or to provide terniination benefits. 1.11 Taxation The organisation is exempt from tsx on income and gains falling with section 505 of the Taxes Act 1988 or section 252 of th¢ T&xation of Charg¢able Gains Act 1992 to the extent that these are applied to its charitable objects.
DERBY FOOD 4 THOUGHT ALLIANCE LYOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 1.12 Depreciatio Individual f¢d ass¢ts costing £1,000 or more are capilalised at cost and a depreciated over their estimated useful economic lives on a straight line basis as follows-. Asset category Annual rate Equipment 2/0 Critical accounting estimates and judgements In the application of the organis&tion's arUntIng p)licies, the committee are required to make judgements. estimates and assumption5 about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimated and associated assumptions are based on historical eXrIenCe and other factors that are considered to be relevant. Actual results may differ from these estimates. Voluntary ineome UDre$tricted Restricted Year to Year to Funds Fund$ 31Mar 2024 31Mar 2023 Donations 178,693 178,693 178,693 178,693 Grants receivable Unre5tri¢ted Funds Restricted Ycar to Year to Funds 31 Mar 2024 31 Mar 2023 Community Action DeA)y Community Matters Foundation Derbyshire LandAid National Grid Nation41 Lottery Community Fund 40,598 9,555 13,977 804 4,01)0 88,370 4098 9555 13,977 804 4,00 88,370 157J04 157,304 -io-
DERBY FOOD 4 THOUGHT ALLIANCE NOTES TO THE FINANCIAL STATEMENrs YEAR EIYDED 31 MARCH 2024 5 Sundry Income Year To 31 Mar 2024 Year to 31 Mar 2023 Other 306 Interest rtiVable Year to 31 Mar 2024 Year to 31 Mar 2023 Bank Inte5t -li-
DERBY FOOD 4 THOUGHT ALLIANCE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Total resources expended Administration Equipm¢nt Expenses Fees Freelanc¢ workers Insurance Maintenance Rent Service delivery Costs Sundry costs Telephone> printing and stationery Training Utility costs V¢hicle costs Salary Costs 2,431 428 18,663 30,104 1,719 1.859 29226 118,735 1033 669 198 2,033 3,997 87J63 300,100 Expenditure on charitable activities was £300,100 (2023: £0) of which £121.845 was restricted (2023 £0) Net (¢xpenditure)lincome Year to 31 Mar 2024 Year to 31 Mar 2023 Independent examiner's Fees 750 The Board and key management personnel During th¢ y¢ar th¢ Board members did not receive remun¢rntion for their roles as Trustees. The key management personnel of the organisation consist of the Board, Chief Execulivc Officer and other m¢mb¢rs ofthe senior management team. -12-
DERBY FOOD 4 THOUGHT ALLIANCE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 The aggregate payroll costs were: Year to 31 Mar 2024 Year to 31 Mar 2023 Wages and salaries National Insurance Pension 81,612 1,548 4203 87 J63 No employee earned more than £60,000 per annum. No trustees were reimbursed for expenditu. Particulars of employw: The average number of staff employed by the organisation during the financtal year amounted Year to 31 Mar 2024 No Year to To Mar 2023 Direct Charitable Staff Administration 10. Debtors: 2024 2023 Prepaid expenses Sundry 7,196 7.196 -13-
DERBY FOOD 4 THOUGHT ALLIANCE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 11. Creditors: 2024 2023 Salary costs Sundry creditors 12J21 2,808 5,642 15,129 5,642 12. Statement of funds At l April 2023 Incoming Outgoing Transfers At 31Mar 2024 General reserve Designated Funds Total unrestrictsd funds 179,002 (A78255) 747 179,002 {178255) 747 Restricted Funds Community Action Derby Maths Multiplier Warni Welcome UKSPF 4,950 10,648 25,000 (3,960) (4,820) (8J93) 990 5,828 16,607 Community Matters WW Support Energy Wami Welcome Radiator Fuel 2,605 3JOO 2,400 450 800 2,605 (749) I,ioo 74 618 (4.049) (ijoo) (376) (182) Foundation Derbyshire LandAid National Grid N&tional Lottery Community Fund NLCB- Award$ for Ail 13,977 804 4,(0 67J36 21,034 (13,977) {645) 159 4,000 {67J36) (16,807) 4,227 Total restricted fund$ 157,304 (121045) 35,459 Total funds 336?06 (300,100) 36,206 -14-
DERBY FOOD 4 THOUGHT ALLIANCE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 RESTRICTED FUNDS Communlty Action Derby Maths Multiplier- Fund to help individuals learn som¢ basic maths skills through support of food banks in partnership with Community Action Derby Wami Welcorne- Fund to support r¢sidents of Abbey Ward with a place to go to get SuPrt, food during winter months in partnership with Community Action Derby UKSPF- Fund to support residents of Derby with various food provision who are &ccessing our servIs, including food paelS and meals in partnership with Community Action Derby Community Matters Fund Fund to support residents of DeTby during the winter months with a mlxture of warm welcome. energy packs and Items that will help keep their houses Derbyshire Community Foundation Funding via the Tom Carey Fund & Walbrook Fund ¢0 support the work of our warni welcome in Abbey ward and thc running costs of our stornge unit. Land Aid Fund to support refugees with vital 5UPPOrt. National Grid Fund to support residents of D¢rby in winter months with warni welcome offer and other supp)rt se1¢¢$. Natioll L4)ttery Cost of Living Fund & Awards for All Funds to support th¢ staffing and delivery costs of our CO work to support those facing fo(Kl inseKurity over winter months -15-
DERBY FOOD 4 THOUGHT ALLIANCE NOTES TO THE FIY4ANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 12. Analysis ofnet assets Tangible rixed assets Other net assets Total Unrestricted funds General Funds 747 747 Restri¢t¢d Funds Community Action Derby Maths Multiplier Warni Welcom¢ UKSPF 990 5,828 16,607 990 5,828 16,607 Community Matter5 WW Support Energy Warm Welcom¢ Radiator Fucl 2.605 (749) I,ioo 74 618 2,605 {749) I,ioo 74 618 Lalld Aid National Crid NLCB Awards For All 159 4,000 4,227 159 4,000 4,227 36306 36,206 13. Related party transactions One Irustee 15 an Cmployee of Community Action Derby, a Gharity that gavc fvnding to the value of £40,598 to Derby Food 4 Thought Alliance. 16-