Trustees’ Annual Report for St Ives Food Bank
Period: 01 January 2024 to 31 December 2024
Charity Registration Number: 1201246
Principal Address: 13 Coombe Road, Penzance, Cornwall TR18 3NP
Aims and Purposes:
All the activities of St Ives Food Bank are designed to achieve and promote the objects : of the charity as set out on the first page of the Constitution of the CIO, namely
postcode area in such ways as the trustees from time-to-time think fit, in particular, but not exclusively by:
a) providing emergency food, essential toiletries, and household items to individuals and families in need; and
b) such other means, including (but not limited to) the provision of support or signposting to relevant information and other advisory services.
Where does our money come from?
Our income comes from a variety of sources including grants, public collections, monthly donations by individuals and a small unrestricted monthly donation from one hotel. A proportion of donated income is eligible for tax recovery in accordance with HMRC Gift Aid provisions.
One of our largest grants from the National Lottery is in a reserve account and is used for paying our property lease and developing the service. Our premises lease payment includes utility bills.
What do we do?
We support households who have been referred to us by professional support agencies. These are referred as either in food poverty or fuel poverty or both.
We ask these referrals to be renewed at least every six months to ensure clients have not found work or income to overcome their situation. Many of our clients have long term health and disability issues. Clients are asked to confirm their need of support each week by text message.
In the current year we have supported an average of 35 households per week (approximately 150,000 meals in the year) in the TR26 postcode area. This compares to
an average of 20 households in the previous year. At Christmas time we get additional referrals, for families particularly and people in supported living in di^iculty with additional costs incurred; during the 2024 season we provided 80 food parcels preChristmas. Demand for support increases by about 15% overall in the winter months due to the seasonal nature of paid work available in our area.
How we spent our money
Approximately 20% of our nonperishable food supplies are donated in kind at local food shops and other sources. Around £28,000 of our income is spent on topping up these supplies (about 20% of those supplies are donated from various sources) and providing fresh perishable foods, chilled and frozen to provide a healthier diet.
We also provide Utility support for clients facing fuel poverty; expenditure on this amounted to just over £3,500 in the financial year.
The remainder is spent on premises rental, equipment, training, packaging, collection and distribution of food, and administration costs. No salaries are paid; all human resources are met through generous support by volunteers.
REGISTERED CHARITY NUMBER: 1201246
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
ST IVES FOOD BANK CIO
Greenwood Wilson The Old School The Stennack St Ives Cornwall TR26 1QU
ST IVES FOOD BANK CIO
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 to 7 |
| Detailed Statement of Financial Activities | 8 |
ST IVES FOOD BANK CIO
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a Charitable Incorporated Organisation as defined by the Charities Act 2011 (hereinafter called the 'CIO').
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1201246
Principal address
13 Coombe Road Penzance Cornwall TR18 3NP
Trustees
Dr K Judkins (appointed 14/10/2022) Rev Christopher Wallis (appointed 14/10/2022) Pauline Stringer (appointed 14/10/2022) Roger Green (appointed 14/10/2022)
Independent Examiner
Robert Langley CTA ATT Greenwood Wilson The Old School The Stennack St Ives Cornwall TR26 1QU
Approved by order of the board of trustees on 22 May 2025 and signed on its behalf by:
Rev Christopher Wallis - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST IVES FOOD BANK CIO
Independent examiner's report to the trustees of St Ives Food Bank CIO
I report to the charity trustees on my examination of the accounts of St Ives Food Bank CIO (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
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 report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material 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 Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Robert Langley CTA ATT
Greenwood Wilson The Old School The Stennack St Ives Cornwall TR26 1QU
22 May 2025
Page 2
ST IVES FOOD BANK CIO
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Total EXPENDITURE ON Charitable activities Charitable activities Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 46,945 - 46,945 40,390 40,390 6,555 10,146 16,701 |
Restricted funds £ 19,550 63 19,613 3,195 3,195 16,418 - 16,418 |
2024 Total funds £ 66,495 63 66,558 43,585 43,585 22,973 10,146 33,119 |
2023 Total funds £ 36,235 - |
|---|---|---|---|---|
| 36,235 | ||||
| 26,089 | ||||
| 26,089 | ||||
| 10,146 - |
||||
| 10,146 |
The notes form part of these financial statements
Page 3
ST IVES FOOD BANK CIO
STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 7 Unrestricted funds TOTAL FUNDS |
2024 Total funds £ 832 32,617 330 33,119 33,119 33,119 33,119 33,119 |
2023 Total funds £ 925 9,521 300 |
|---|---|---|
| 10,146 | ||
| 10,146 | ||
| 10,146 | ||
| 10,146 | ||
| 10,146 |
The financial statements were approved by the Board of Trustees and authorised for issue on 22 May 2025 and were signed on its behalf by:
Rev Christopher Wallis - Trustee
The notes form part of these financial statements
Page 4
ST IVES FOOD BANK CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Plant and machinery - 10% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Deposit account interest | 63 | - |
continued...
Page 5
ST IVES FOOD BANK CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the period ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the period ended 31 December 2023.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 36,235 |
| Investment income | - |
| Other income | - |
| Total | 36,235 |
| EXPENDITURE ON | |
| Charitable activities | |
| Charitable activities | 26,089 |
| NET INCOME | 10,146 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | - |
| TOTAL FUNDS CARRIED FORWARD | 10,146 |
continued...
Page 6
ST IVES FOOD BANK CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
5. TANGIBLE FIXED ASSETS
| Plant and | ||||
|---|---|---|---|---|
| machinery | Totals | |||
| £ | £ | |||
| COST | ||||
| At 1 January 2024 and 31 December 2024 | 1,028 | 1,028 | ||
| DEPRECIATION | ||||
| At 1 January 2024 | 103 | 103 | ||
| Charge for year | 93 | 93 | ||
| At 31 December 2024 | 196 | 196 | ||
| NET BOOK VALUE | ||||
| At 31 December 2024 | 832 | 832 | ||
| At 31 December 2023 | 925 | 925 | ||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Other creditors | 330 | 300 |
7. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At 1/1/24 | in funds | 31/12/24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 10,146 | 6,555 | 16,701 | |
| Restricted funds | ||||
| The National Lottery Community Fund | - | 16,418 | 16,418 | |
| TOTAL FUNDS | 10,146 | 22,973 | 33,119 |
The restricted fund relates to the grant funding received from The National Lottery Community Fund under the Community Organisations Cost of Living Fund.
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
Page 7
ST IVES FOOD BANK CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Major Donations | 20,728 | 7,500 |
| Personal Donations | 23,024 | 19,142 |
| Client Emergency Utilities Fund | - | 698 |
| HMRC Charities | 3,193 | - |
| Property Fund | 19,550 | - |
| Transfer from St Ives Food Bank prior to CIO status | - | 8,895 |
| 66,495 | 36,235 | |
| Investment income | ||
| Deposit account interest | 63 | - |
| Other income | ||
| Other income | - | - |
| Total incoming resources | 66,558 | 36,235 |
| EXPENDITURE | ||
| Charitable activities | ||
| Expenditure on Food | 22,697 | 22,017 |
| Client Emergency Utilities Fund | 170 | 450 |
| Facilities Hire and Utilities | 3,195 | 500 |
| Distribution and Packaging | 3,648 | 1,872 |
| Expenditure on Utilities eVouchers | 8,959 | - |
| Blanket Bank | - | 32 |
| Administration costs | 1,451 | 815 |
| Equipment | 2,942 | - |
| Donations | 100 | - |
| Accountancy Fees | 330 | 300 |
| Plant and Machinery Depreciation | 93 | 103 |
| 43,585 | 26,089 | |
| Total resources expended | 43,585 | 26,089 |
| Net income | 22,973 | 10,146 |
This page does not form part of the statutory financial statements
Page 8
REGISTERED CHARITY NUMBER: 1201246
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
ST IVES FOOD BANK CIO
Greenwood Wilson The Old School The Stennack St Ives Cornwall TR26 1QU
ST IVES FOOD BANK CIO
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 to 7 |
| Detailed Statement of Financial Activities | 8 |
ST IVES FOOD BANK CIO
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a Charitable Incorporated Organisation as defined by the Charities Act 2011 (hereinafter called the 'CIO').
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1201246
Principal address
13 Coombe Road Penzance Cornwall TR18 3NP
Trustees
Dr K Judkins (appointed 14/10/2022) Rev Christopher Wallis (appointed 14/10/2022) Pauline Stringer (appointed 14/10/2022) Roger Green (appointed 14/10/2022)
Independent Examiner
Robert Langley CTA ATT Greenwood Wilson The Old School The Stennack St Ives Cornwall TR26 1QU
Approved by order of the board of trustees on 22 May 2025 and signed on its behalf by:
Rev Christopher Wallis - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST IVES FOOD BANK CIO
Independent examiner's report to the trustees of St Ives Food Bank CIO
I report to the charity trustees on my examination of the accounts of St Ives Food Bank CIO (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
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 report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material 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 Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Robert Langley CTA ATT
Greenwood Wilson The Old School The Stennack St Ives Cornwall TR26 1QU
22 May 2025
Page 2
ST IVES FOOD BANK CIO
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Total EXPENDITURE ON Charitable activities Charitable activities Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 46,945 - 46,945 40,390 40,390 6,555 10,146 16,701 |
Restricted funds £ 19,550 63 19,613 3,195 3,195 16,418 - 16,418 |
2024 Total funds £ 66,495 63 66,558 43,585 43,585 22,973 10,146 33,119 |
2023 Total funds £ 36,235 - |
|---|---|---|---|---|
| 36,235 | ||||
| 26,089 | ||||
| 26,089 | ||||
| 10,146 - |
||||
| 10,146 |
The notes form part of these financial statements
Page 3
ST IVES FOOD BANK CIO
STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 7 Unrestricted funds TOTAL FUNDS |
2024 Total funds £ 832 32,617 330 33,119 33,119 33,119 33,119 33,119 |
2023 Total funds £ 925 9,521 300 |
|---|---|---|
| 10,146 | ||
| 10,146 | ||
| 10,146 | ||
| 10,146 | ||
| 10,146 |
The financial statements were approved by the Board of Trustees and authorised for issue on 22 May 2025 and were signed on its behalf by:
Rev Christopher Wallis - Trustee
The notes form part of these financial statements
Page 4
ST IVES FOOD BANK CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Plant and machinery - 10% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Deposit account interest | 63 | - |
continued...
Page 5
ST IVES FOOD BANK CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the period ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the period ended 31 December 2023.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 36,235 |
| Investment income | - |
| Other income | - |
| Total | 36,235 |
| EXPENDITURE ON | |
| Charitable activities | |
| Charitable activities | 26,089 |
| NET INCOME | 10,146 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | - |
| TOTAL FUNDS CARRIED FORWARD | 10,146 |
continued...
Page 6
ST IVES FOOD BANK CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
5. TANGIBLE FIXED ASSETS
| Plant and | ||||
|---|---|---|---|---|
| machinery | Totals | |||
| £ | £ | |||
| COST | ||||
| At 1 January 2024 and 31 December 2024 | 1,028 | 1,028 | ||
| DEPRECIATION | ||||
| At 1 January 2024 | 103 | 103 | ||
| Charge for year | 93 | 93 | ||
| At 31 December 2024 | 196 | 196 | ||
| NET BOOK VALUE | ||||
| At 31 December 2024 | 832 | 832 | ||
| At 31 December 2023 | 925 | 925 | ||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Other creditors | 330 | 300 |
7. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At 1/1/24 | in funds | 31/12/24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 10,146 | 6,555 | 16,701 | |
| Restricted funds | ||||
| The National Lottery Community Fund | - | 16,418 | 16,418 | |
| TOTAL FUNDS | 10,146 | 22,973 | 33,119 |
The restricted fund relates to the grant funding received from The National Lottery Community Fund under the Community Organisations Cost of Living Fund.
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
Page 7
ST IVES FOOD BANK CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Major Donations | 20,728 | 7,500 |
| Personal Donations | 23,024 | 19,142 |
| Client Emergency Utilities Fund | - | 698 |
| HMRC Charities | 3,193 | - |
| Property Fund | 19,550 | - |
| Transfer from St Ives Food Bank prior to CIO status | - | 8,895 |
| 66,495 | 36,235 | |
| Investment income | ||
| Deposit account interest | 63 | - |
| Other income | ||
| Other income | - | - |
| Total incoming resources | 66,558 | 36,235 |
| EXPENDITURE | ||
| Charitable activities | ||
| Expenditure on Food | 22,697 | 22,017 |
| Client Emergency Utilities Fund | 170 | 450 |
| Facilities Hire and Utilities | 3,195 | 500 |
| Distribution and Packaging | 3,648 | 1,872 |
| Expenditure on Utilities eVouchers | 8,959 | - |
| Blanket Bank | - | 32 |
| Administration costs | 1,451 | 815 |
| Equipment | 2,942 | - |
| Donations | 100 | - |
| Accountancy Fees | 330 | 300 |
| Plant and Machinery Depreciation | 93 | 103 |
| 43,585 | 26,089 | |
| Total resources expended | 43,585 | 26,089 |
| Net income | 22,973 | 10,146 |
This page does not form part of the statutory financial statements
Page 8