DERBY FOOD 4 THOUGHT ALLIANCE FINANCIAL STATEMENTS FOR 31 MARCH 2025 Cbarity Regi$traÉion Number 1198665
DERBY FOOD 4 THOUGHT ALLIANCE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Contents Page Mcmbers of the board and professional adviser Trustees. annual report Independent examiner's report Staiement of financial activities Balance Sheet Notes to the financial ststements 8-16
DERBY FOOD 4 THOUGHT ALLIANCE REFERENCE AND ADMINISTRATIVE DFTAILS Board of Trustees Ejaz Sanvar Jane Whitney Sarah Fowler Chief Executlve Offleer Paul Brookhouse Regi$tered orrice 30 Charnwood Street 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 2025 The trnstees have pleasure in presenting their rewrt and the unaudited financial statements of the organisation for the year end¢d 31 March 2025. OBJECTIVES AND ACTIVITIES The airns of the charity shall be to.. ror the public benefit, the prevention or relief of poverty in Derby, in particular but not exclusively by providing emergency food supplies and related provisions to individuals in need and to other charitable organisations in Derby working to prevent or relieve poverty SUMMARY OF THE MAIN ACTIVITIES UNDERTAKEN FOR THE PUBLIC BENEFIT IN RELATION TO THESE OBJECTS In planning the activities for the y¢ar, th¢ Charity kept in mind the Charity Commission's guidance on public benefit and in all its meetings the Trustees ensured that this was the driving force behind the Charity's activities. ACHIEVEMENfs AND PERFORMANCE Despite increased pressures of dcmand for service, l¢ad to us b¢ing less than 4 weeks away from running out of funds in August, to ending the year in the best fjnancial position since becoming an independent charity in 2023. Distributed 19,575 f(M)d paelS with paTln¢rs, ensuring that those facing fi)od insecurity we support¢d during the cosÉ-of-living crisis. This equated to £465,873 retail valu¢ of food making 176.175 meals within those parcels We supported 22848 Adults and 14283 children through ihese parcels W¢ riStributed over £210,000 of surplus fi)od that could have ended in landfill - increase of over £40,000 from last y¢ar nd For 2 year in row we raised and spent over £100, 000 on purchasing food to ensure we could meet the supply and demand of those in need. Provided Christmas support on top of nomial food parcel provision we provided 2642 meals via hampers or hot meals equating to 21,105 meals, including over 3200 children. We have supported with over 1200 applications for Hi)usehold Fund support, winter essentials & over 800 children with school unifom in our summer campaign. We successfully secured funding to launch our new furniiure and electrical projecl helping those facing the challenge of making 'home' or eating. Led on 2 child poverty summits as part of our role within the Derby Poverty Commission and played leading role in development of Derby's Anti-Poverty Strategy.
DERBY FOOD 4 THOUGHT ALLIANCE FINANCIAL STATEMENTS TRUSTEES, ANNUAL REPORT YEAR EIYDED 31 MARCH 2025 Continued to increase the partner prOJtS who work with us to a total of 19 food bank or community shop or pantries meaning we have offer in all wards of the city and over 30 warn welcome Style projects. W¢ hav¢ started development of a Derby meMr$hIp scheme for R¢5S1ng food support and working with extenMI partner to on Derby's I" Community Shop selling surplus food it¢ms at low cost. Took over the running of I cornmunity hub that was at risk of collapse and set up a new offer in one ward of the city. We are progressing to handover the 2 Wami welcomes we took over during last financial year. Celebrated 5 years of Derby f(d 4 Thought Alliance in March 2025. STRUCTURE GOVERNANCE AND MANAGEMENT Governing document Derby Food 4 Thought Alliance has as its registered office 30 Charnwood Street. Derby, DEI IGU. is a CIO (charity registration No. 1198665) and registered with the Charity Commission on 20 April 2023. Trustee selection The Trustees yearly undertake a skills audit to ascertain those skills that are required of trustees. Efforts are made to recruit as Twstecs persons who have among them the range of skills necessary or deslrdble for the conduct of ihe Charity's work and fulfilment of its objects in its field of operation. Risk management policy Th¢ Trus¢e¢s examine the major risks facing Derby Food 4 Thought Alliance annually when updating business plans. Systems have been developed to monitor and Counter such risks, to lessen any impact they may have in the futu. FINANCIAL REVIEW Reserves Policy The charity has a reserves policy to hold three Months running costs in reserves. At 31 March 2025 the charity had unrcstricted reserves of £31,716. Independent Examiner Mark Newey of Derby Community Accountancy Service and will be in office as indendent examiner for the ensuing year.
DERBY FOOD 4 THOUGHT ALLIANCE FINANCIAL STATEMENTS TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Registered Ol¢e. 30 Charnwood Street Derby DEI IGU Signed on b¢half of the truslee5 Approved by the committee on EjaL Sarwar Trustee
DERBY FOOD 4 THOUGHT ALLIANCE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DERBY FOOD 4 THOUGHT ALLIANCE J report on th¢ a¢counts of the charity for the year ended 31 March 2025 which are set out on pages 6 to 16. Respective responsibiliti¢s of the trustees and ¢xamiJJer As the charity trustees of the Ttust. you are resp)nsible for the preparation of the accounts in accordance with the r¢quirements of the Charities Act 2011 ("the Acl"). I report in respect of my examination of ihe Trust's accounts carried out under seclion 145 of the 2011 Act and in carrying out My examination, I have follow¢d thc applicable Directions given by the Charity Commission under section 145(5)(b) of Ihe Act. Independent examiner's statement I have completed my examination. I confirm that no material matt¢rs have come to my attention in connection with the examination which gives me cause lo believe that in. any material res¢t. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting 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 lo enable a proper understanding of the accounts to be reached. Mat* Newey ACMA Dcrby Community Accounlancy Service Babington Lod8e 128 Gert Lane D¢rby DEI IRY Date
DERBY FOOD 4 THOUGHT ALLIANCE STATEMENT OF FINANCIAL ACTIvrrY YEAR ENDED 31 MARCH 2025 Total Funds Year to31 Mar 2025 Total Funds Yearto 31 Mar 2024 Unrestricted Funds Restrleted Funds Note Income from: Donalions Charitsble activities Other income Investment income 125,758 65,178 17,000 132,026 142,758 197304 178,693 157.304 306 13 13 Total incoming resourees 190,949 149,026 339975 336,306 Ex enditure on: Raising funds Charitable adivities 159,068 117J25 276J93 270,393 300,100 300.100 Total resources expended 159,068 117J25 Net incomingl(outgoing) resources before transfers 31.881 31,701 63,582 36,206 Transfer between funds (912) 912 Net incomillg/(outgoing) resources for the year 30,969 32,613 63,582 36,206 Balances brought forward Balances carried forward 747 35,459 36206 31,716 68,072 99,788 36,206 The Board has no recognised gains or I0eS other than the results for the year as set out above. All of the activities of the organisation are classed as continuing. The notes on Pag 8 to 16 form part of these financial statements.
DERBY FOOD 4 THOUGHT ALLIANCE BALANCE SHEET 31 MARCH 2025 31 Mar 2025 31 Mar 2024 Note Fixed assets 'rangible assels Current assets Cash at bank and in hand Debtors 106591 8J47 44,139 7,196 51,335 io 115,138 Creditors: amounts falling due within one year li 15,350 15.129 Net current ets 99,788 36,206 Tolal aets less current liabilities 99,788 36,206 Net a$5etsl(liabilities) 99,788 36,206 Funds Restricted Funds General Funds Designaled Funds 12 12 12 68,072 31,716 35,459 747 TOTAL FUNDS 99,788 36,206 The financial statements We approved by the members ofthe trustees on the And signed on their behalf by.. Ejaz Sarwar 1-rustee The notes on pages 8 to 16 form part of these fjllancivdl statements.
DERBY FOOD 4 THOUGHT ALLIANCE N(yfES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Accounting poli¢ie The principal accounting wlicies adopt¢d. judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. Organisation information Derby Food 4 Thought Alliance's registered office is 30 Chamwood Stet, Derby, DEI IGU, At the end of the year thetE were 3 trustees. 1.1 Aceounting ¢ottveDtion These accounts have been prepared in accordance with FRS 102, "The Financial Reporting Standard applicable in th¢ UK and Republic of Ireland" ("FRS 102,), "Accounting and Reporting by Charities" Ihe Statement of Recommended Practi¢e for charities applying FRS 102, the Companies Act 2006 and UK Generally Accepted Accounling Practice as it applies from l January 2015. The organisalion is a Public Benefit Entity as defined by FRS 102. The accounts are prepared in Sterling whi¢h is the functional currency of the organisation. Monetary amounts in th¢s¢ fjnancial statements lo the nearest £. The accounts have been prepared on historical cost convention apart from freehold property that is carried at markct value. The prineipal accounting policies adopted are set out below. These are accounts for the year ¢nd¢d 31 March 2025 are prepared in accordance with fRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The impact on the reported financial position and finan¢ial performance for the previous year are not affected by the transition to FRS 102. 1.2 Going concern At the time of approving the accounts, the Board have a reasonable expeclalion that the organisation has adequate resour¢¢s to continue in operational existence for the foreseeable future. Thus the Board continue to adopi the going ncern basis of accounting in preparing the accounts. 1.3 Charitable Funds Unrestricted funds are available for use at the discretion of the Board in furthernnce of the gcnerdl objectives of the organisation. Designated funds are unrcslricled funds Miarked by the Board for particular purposes. Restrlcted funds are subjected to restrictions on thelr expenditure imEX)sed by the donor or through the ternis of an appeal. 1.4 Incoming resources All incoming resources a included in the SOPA when the organisation is legally entitled to the income and th¢ amount ¢an b¢ quantified with reasonable accuracy. Gifts in kind have been included at markel value of gifts received and in assets acquired. No amounts are included in the financial statements for services donated by volunteer5.
DERBY FOOD 4 THOUGHT ALLIANCE NOTES TO THE FINANCIAL STATF.MF.NTS YEAR ENDED 31 MARCH 2025 1.5 Resources expended All cxpenditure is accounted for on an accruals basis and has been Classified under headings that agggate all ¢05ts relaling to the category. Where costs cannot be directly attribuied to particular headings they have been allocated to activlties on a basis consistent with use of the resources. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of diss¢minating information in the support of the ¢haritabl¢ activities. 1.6 Debtors Trade and othcr debtors are recognised at the settlement amount due aftcr any trade discounts offered. Prepayments ar¢ valued at the amount prepaid net of any trade disLounts due. 1.7 Cash and Cash equivalents Cash and cash equivalents include ¢ash in hand. deposits held at call with bank4 other short tern] liquid investments with Original malurities of three months or less. and bank overdrafts. Bank overdrafts are shown within boowingS in current liabilities. 1.8 Creditors and provision$ Creditors and provisions are reco8nAsed where the organisation has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nonnally recognised at their settlement amount after allowing for any trade discounts due. 1.9 FiDaJJcial instrument5 The organisAtion has financial assets and financial liabilities of a kind that qualify as basic financia] instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement Value. Dereeognilion olfvioneidl Ilabillties Financial liabilities are d¢rQgnIscd wh¢n th¢ organi5ation's Gontractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the year in whi¢h th¢ employee's services are received. Temination benefits are re¢ognised immcdiat¢ly as an ¢xpen5¢ when the board is demonstrably commiited to terniinate the employment of an employee or to provide temilnation benefits. 1.11 Taxation The organisation 15 exempt from tax on income and gains falling with section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitsble objects.
DERBY FOOD 4 THOUGHT ALLIANCE NOTES TO THE FINANCIAL STATF.MF.Nrs YEAR ENDED 31 MARCH 2025 1.12 Depre¢iotioD ndividual fixed assets costing £1,000 or more are capitali5ed at cosl and are depreciated over their estimated useful economi¢ lives on a slraight line basis as follows:_ Asset category Annual rate Equipment Critical accounting estimates and judgements In Ihe application of the organisation's accounting policies. the committee are required to make judgements, estimates and assumplions about the carrying amount of assets and liabilitics that are not readily apparent from other sources. 'fhe estimated and associated assumptions are based on historical experience and other f&Gtor5 that are considered to be relevant. Actual results may differ from these estimatCS. Voluntary income UDrestricted Restricted Funds Funds Year to 31 Year to Mar 2023 31Mar 2024 Donations 125,758 125,758 17,000 142,758 178,693 178,693 17,000 142,758 Grants receivable Unrcstrictcd Funds RtrICted Yegr to Year to Fynds 31 Mar 2025 31 Mar 2024 Communily Action Derby Derby City Council Community Matt¢rs Foundation Derbyshire LandAid National Grid National Lottery Community Fund El¢clrical Safety First Severn Tnt Community Fund DACP Ltd Vemon Robert Bowmer Charitable 'I'rust The Grocers Charity 25,178 61,428 418 86,606 418 40.598 9.555 13,977 804 4.000 88.370 18,100 18.100 5,(H)O 41580 1,000 5,000 41,580 1,000 40,000 40,000 4,50 4,500 65,178 132,026 197304 157.304 -io-
DERBY FOOD 4 THOUGHT ALLIANCE NOTES TO THE FINANCIAL STATEMEIYTS YEAR ENDED 31 MARCH 2025 5 Sundry Ineome Year To31 Mar 2025 Year to 31 Mar 2024 Other 306 306 Int¢r¢st r¢¢eivable Year to 31 Mar 2025 Year to 31 Mar 2024 Bank interest 13 13 -li-
DERBY FOOD 4 THOUGHT ALLIANCE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Total resources expended Administration Equipment Expenses Fees Freelance workers 3,551 1,701 980 17W7 30,999 2.431 428 842 18,663 30,104 fv11 Insurance Maintenance Renl Service delivery costs Sundry costs Telephone, printing and ststionery Training Utility costs Vehicle costs Salary costs 1,719 1,859 29,226 118,735 1,833 669 198 2,033 3,997 87,363 1,933 30,134 95,056 3562 1,173 iio 3J79 2,647 81,025 276,393 300,100 Expenditure on charitable activities was £276,393 (2024- £300.100) of which £117,325 was restricted {2024 £121.845) Net {expenditure)Iln¢om¢ Year to 31 Mar 2025 YeAr to 31Mar 2024 Indepen(knt examiner's Fees 1,000 750 9. The Board and key maDagement personnel During the year the Board members did not receive remunerntion for their roles as Trustees. The key management personnel of the organisation consist of the Board. Chief Executive Officer and other members of the senior management team. -12-
DERBY FOOD 4 THOUGHT ALLIANCE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Tbe aggregate payroll cts Tvere: Year to 31 Mar 2025 Year to 31 Mar 2024 Wages and salaries National Insurance Pension 75.567 1213 4245 81,612 1.548 4,203 81,025 87,363 No ¢mployee eamed more than £60,IM)O per annum. No Irusiees wgre reimbursed for expenditure. Porticulydrs of employees: The averag¢ number of stair cmploycd by the organisation during the financlal year amounted Year to 31 Mar 2025 Year to To Mar 2024 Direct Charitable stsff Administration 11). Debtor5: 2025 2024 Prepaid expenses Sundry 7,180 lJ67 7,196 8.547 7,196 -13-
DERBY FOOD 4 THOUGHT ALLIANCE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 11. Creditors.. 2025 2024 Salary G05ts Sundry creditors 4,753 10,597 12,321 2.808 15J50 15.129 12. Statement of fund5 At l April 2024 Ineoming Outgoing Transfers At 31Mar 2025 General reserve Designated Fundg 747 190,949 (159,068) (912) 31,716 Tolal unrestricted fullds 747 190,949 (159,068) (912) 31,716 Reslricted Funds Community Action Derby Maths Multiplier Wami Welcome UKSPF Acorn Close Friendship Group Community Care Hub 990 5,828 50,790 16,607 (990) (47,099) (16,607) (1,100) (4.419) 919 798 4.174 417 495 115 250 Community Matters WW Support Energy Wam) Welcome Radiator Fuel 2,605 (749) I,ioo 74 618 (2,605) 749 (I,ioo) (74) (618) Foundation Derbyshire (Our abbey) LandAid National Grid NLCB- Awards for All Furniture Proje¢t Food 4 Life (Foundation Derbyshire) Filbert Walk 17,000 {10,462) (159) (4,000) {4227) {23,566) (214) (834) 6,538 159 4.000 4227 74,080 I,ioo 1.084 50,514 886 250 Total restricted funds 35,459 149,026 (117,325) 912 68,072 Total funds 36206 339,975 (276 J93) 99,788 -14-
DERBY FOOD 4 THOUGHT ALLIANCE ]YOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 RESTRICTED FUNDS Community Aetion Derby Maths Multiplier- Fund to help individuaIs learn some basic maths skills thrt)ugh support of food banks in partnership with Community Action Derby Warni W¢lcome- Fund to sUprt residents of Abb¢y Ward with a place to go to get support. food during winter months in partnership with Community Action Derby UKSPF- Fund io support residents of Derby with various food provision who are accessing our services, including fo<)d parcels and meals in partnership with Community Aclion Derby Communlty Matters Fund Fund to support residents of Derby during the winter months with a mixture of warm welcome, energy packs and items that WIIS help keep their houses Derbyghire Community Foundation Funding via the Tom Car¢y Fund & Walbrook Fund to 5UPPOrt the work of our warni welcome in Abbey ward and the running costs of our storage unit. Land Aid Fund to support refugees with vitsl supp)rt. National Grid Fund to SUPFK)rt residents of Derby in winter months with wann welcome offer and other support services. N*tiott&l IAbttery Cost of Living Fund & Awards for All Funds to support the staffing and delivery costs of our core work to support those facing food insecurtty over winter months Acorn Close Friendship Group Th¢ fund was sp¢nt on a monthly Warn] Welcome and support. Community Care Hub Weekly Wann Welcome and Food provision to support residents of Spondon. Foundation Derbyshire (Our Abbey) Weekly Wann welcome provision based in Abbey Ward. -15-
DERBY FOOD 4 THOUGHT ALLIANCE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Furniture Project A new initiative re-using good quality furniture and electrical item5 to support hous¢holds setting up home for first time and those in crisis situations. F(bod 4 Life (Foundation Derbyshire) A small voluntsry project that runs a breakfast club the charity supports. Filbert Walk Weekly Warni welcome and food provision to support residents of Chellaston. 12. Analy515 of net Sets Tangible rixed assets Other net assets Total Unrestricted funds General Funds 31,716 31.716 Restricted Funds Comtnunity A¢tion Derby WanT] Welcome Acom Close Friendship Group Community Care Club 9,519 115 250 9,519 115 2SO Foundation Derbyshire Our Abbey Furniture Project Food 4 Life (Foundation Derbyshire) Filbert Walk 6338 50514 886 250 6,538 50,514 886 250 99,788 99,788 13. Rela¢ed party transactions Onc trustee is an employee of Community Action Derby, a charity that gave ndIng to the value of £86,606 to Derby Food 4 Thought Alliance. -16-