JSHOP&DROP Rew#ered No.. 1202878 Annual flewrtand FSnanthalStatements Forthe perfod ended 31 March 2024
Aft111 ofth•aoard ofTr¥th45 Chalrfs Intrn¢hxtknn ReportoftheTnMlees IndepqndertE¥•rnln•rfi r•ptsrt Nolu 10 the Rthn¢e •nd Admlnlstr411%DetaShofthe
•4 th14 Inwodudlon ItBi¥es me 8reat pleasure to present the first Shty & Drop knnual rieport of the 8oafd of TTUSteEs. f¢rthtele¥erNDonth peiiodendlng31 Marth 2024. VArywe5t•rted Shop &Drop Aell3nc@on food banks haslncreased by13S% 51ncE2017. And. saty. the demand forthem 5how5 no of goln8 down. Yet fwd banw shelves are often ernpty of the very Itern5 that ptoplè mo# urgtIVnee4 and want.Th3t Is why we pllDtedthe idea of Shtrp & Drop Inthe Autbmn of 2022wthen the c05rof lin{ cri515 W3Satlt5 PEak wth pritesof basics soaring in the shop5. The pilot Was SDwell rectyved by thè mana8ers of food banksthat we rel5tered 3$ è thty In Awl 2023, to developand exp3ndthe te. Shop &DropofFers bespokeshoppln8fLsres5ential.basK, nutfitlQV5food &twns nèeded atshortnotlce by food bank5 to 5uppIEment their food supplie$ and fill thelr empty Shee5. We contètt the food bank managers ask for a of the four hw(ked thm5 they mort ryent nttd and then we onddrnpihern off. sothèttheytan dlstribuied Immodlatdy. Vlhered•esSW &Dropoprat? The charltycurrently OPErate5 in three are•s Londix).. Camden, NotElng Hill, and I51Sngton. Tode, Incldin8 our plkjt, we have shopped and dropped 0r 30.QJ) essentials includin& Items SLKh as tianed tomoEs, tuna. tsreal, milk, pasty sauce, rfce. tlnned fwit, and VeBetsb$. we also rtttive ffequeni request5 fortoll yper, nItOry produtt5. deodorants, tDDthpaste, and 5harnpoo Imanythlldren, we dlsco¥ered, are currendy hanIt0 $h thelrhalr¥th washlnivp Vqukll. Whykn Shop & Drop¥o elleEtsv•7 H3vln8 Identlfted a food bank and undertaken ¢JLdiligenceto ensure theyare efflclent effective and their artiwt5 mat¢h ouroblectlves, we sl8n a Memordndum of Under5tBndin8 with them tD ensure all the food we provide isputtogood use. WEère in regular. d1rectc0ntsctth the f¢d ThIS. and we are able to react qvickly and effidently to Pde them with ex¥dy what they need when they nRed It. Wh•th the IN[Den¥eIP The th3rW opÈratÈs a hl8hl¥ efnclent and effeCte econ1( rntyJ. We are entIre volunreer led, th no 5al?ry or rent to pay. so donors tsn rest assured ihat their rnofiey 8oe5 dlTetti¥ on buying essential and lluifititiusfood to feed huniry people. 5ki1frJ thoppiniwth an online pder, means that any money we recefvE 5tretthed a5aras p0ble. Wh•t dothefood b•n1ybo1¥r4WVI¢I? HowShop& Dmp helpus.. - Fromour511@ysdelNeiies ondfcoddonotlons, WerarelyreceiveenougJgft0ts1e$ ondfrvitfvour hoJ5ehold5. Shop & Drop En&bles us tts meetour commltment to qlve everytsJv5eholtlo nutritlonollyb414n¢edfvodboxwkh IGrgerportlon5 offfeshlruit ond veoeiobles. - Mw)yoAovrdlentsiike qultechootkllw*s onG150 weaim to deli¥rroreqylgr. yYli&ble, ondcon51stent seNknfvrthem. 7h151ncludes the/oodtheyrecekeln thel1vkIyb0xes. We wontthEm toknowthry
414 wlll olwuy5 gclfresh]ruit veoetoNe 0, sotjrces Df proteift ond stcre-cupboord5tople5 like rl¢e ondpasto. Shop & Drop55eThke meons con olww dellbtron th topplng upln these0rn75 when we¢yrttynnino low. - 8ecLwe of the loryeordeff size$5hop & Drop oAer4 we ore able to glve oll Df owcllent5 the 501Fie /oodtwrotherthoncomFrornts1ngcnfolrnessondcb0051nqwhowillbethelJovesondhoveotseath We a passionate abDutthe seCeWe provlde because WE knLW hLwwell itwth$8nd much It Issodesper4ietyneeded. I hopEyQU enloyreadln8thlS report. osernary Hytner Chair
Anfiwl Repxt ofthe Bo•rd olTruJtttJlorthErdkn131 M•r¢h 20Z4 The trustees, present thelr annual repDrt together with the acwunts ol Shw & Cyop forthe period ended 31 March 2024. The accounts ha¥e been yepared In accordance¥Ath the utIng1¢les setout on pa8e$9to 14 and comply the £harW5 rnIng topstitutK)n. 3pplitaNe laws, and th2 requirements of ststementof RÈuffimended Practlceon'Accountln8 and Repo8 by Cha1$, Issued In 2019. ObJerthfftsiThlacthJtle5 Followlnsa sutte55ful six-month plbL Shop & Dropwasre84stered as a tharftyon 28April 2023. The charivs obiEcts are the of those kn need by way of financlal hardship and other disadvanta8e throu8hthe supply ofe5sentlal pro¥151on tofood b3nk5. Shop & DropoffÈrsbespokeshopplngfore55enUal, basic, nutritiousfood Itemsneeded aishort nofjce by bank5 tv 5upk4ement their fDOrt 5upplles and fill thelr empty shelves. We taCt the f¢¢ bank mana8ws, ask for a115t of the four hundred Item5 they nk)st uryentty need and then we shop on¢l¢lTop them ¢fF, 50 thattheycan be dlstrlbuted Immodlatoly. Shop & Drcp's slmple and diinrt contrSbutloD ha5 proven to re* Val to those In ne and, critic8lly.to the food banks servingthern. Shopplnl ourselves and dropping at Scale lifts some of th¢ he3brden ofFthe shouklersof ourfood banksand thdrvolunteers. Z. 1•¥eMEntSé perfornHnre o In OttorIO22we launched aShop& Drop pilot tD e5tsblith the need forthe servlce Followifi8the5uccessof thepllDL In Aprll 2023wè becarne a reBlstered charfty. 5hpppin4ond dmpplng spetifically requested ern5 of food to Camden rrhe Carnden Foodbankl and Islington (The ARC I1810n1 food bank5 monthly. In july 2023 we added a third food bank. The KEnsinoon amd Chd5ea Foodbanl to recei¥e our bespoke Shop & Drop sèrvlce. o In NOMber2D23we douèled thefrequEncyof our dropsfroffl rnONhlyto fortnl8htly. In March 2024wÈbe8•n deliverin8threetimes per rnDnth to eachfood bank. we'Vedered over 30,(We5seDtlal Item5. 311 thtssen by Durfood bank rnana8ers. we've built ttron& trustin8 latIonShIpS wlth all three of ourloDd bank managers, ¥lsltin8 lularfy, as well as ¥olunteering. We have a very detsiled understanding ol how they work andof howwe tan be of 8roatÈst help tothem.
Fln•nLlo1 Incomefortheeleven-rnonth perfod to31 March 2024was£93,963. 53%ofth15 Inccmes recéi¥ed In the final quarter. Th15 Included a grant Df £36,(0 Irom the Hdllck Famlly Foundation received i march2024toscaleupattfvilleslnthecomin8llnandalyear,thisha5beEn placed in de5ignatedfunds. Are5tctEd donation was receed dvrtn8 theyearof E6.1 to fund tolletrfe5 In NottiniHIII. leaving £51,963 of unrestricted free Income. Expendlture on chartsbk attltIes, dellvery of fow)d and tDilthes tofood banks, w•$ £16,430, 84% of the total expeTrditure of £19505. Governan and fundrals4n8COStswere E3,075. There were no Dtorsalarycostsond mlnlrnal overhead costs. IIY•SlW pc41cy The trLP5ree5. hawng rerttsthe liquidty reqvlrements of operatln8the charfty and to the reset¥es poliry. haveoperated a pollcyof keepln6 ava51ae fund5 in intereMe3rin8 dEpDsi¢ aciounts. RseNes polk¥ The truAee5 havE CQll5idered the rp4uireffjent for free reserves, l.e.th05e unre5trfcted fund5 not desWnated for a speclflc purpose or OthersE comrnfftEd. It has been detemilned that, 8lven the nature of the charivswori the Ve1 of free re$efve5 Shou be equlvaleni to Six to nine tDDDth5 of annual expÈndirure. Thls allow5 for future growth and proviLle5 surfi¢nt flei1blty to cover anv ternporary5hortfèll in In¢tsmingresour¢esand wlll allowthecharltyto copeand respond iivmediate to a reasonable range of unforeseen adverse clriumstanc¢s prior to specific remedlal plans beln8 irnplemented. GeDetèl unrettritted fvndscf E34,075 asat31 March 2024. represents appr0Mate ei¥ht months of foreca5t?hnu&l expenditti and arethereforewlthin the thari5 policy. StruCturEaN¢t•O m•n•8•m•nt Gov•rnanre Shop & Drop and Its trusiees are bDund b¥ Its Con5titutlon dated 8 Marth 2023. The namès of the trustees who 5er¥ed during the year are set vut in the reference and adrnIn15trati inforrnauon on pale 15. R•uultmtntand 4ppoIDtment of nwwtrpjst Reviews are undertaken to assess the skllls of the current trusteES and ideftfjfy any areas for stren8thenlng. Newiru5tee5are appDIDted bythe exisiiil8truttees. tr4ln1ni0lWtfiths Newtru5teesare prowded wlth an Induttion tofarnllSarisethem5efvE5wf(h the rharityaftdthe Mtfor proflt settor. They ale brfed on theif responsibllities bythÈexiStln8 trustees. New tru5tee5 are4130 refe[dtOthe Chadty Comml$$lon's Stse EssentialTruttee'. 1kn4nlstlonal st¥tur and d4clslonmakl Thetrusteesreviewand approve all polldes, andfollow3strate8yset InSeptember20Z3.Thetrustees meet quartertylhrou8houttheyeJrand ha an annual ses5iOAto update8nd revL%e the stratey. Trustee remunwatlm and corkfllct ol Interest All trustees 8S¥e their tlrne freely ant no trustee rÉrnuner•tion was paSd the year and no expenses were claimed by them. Trustees are required to disclose all relevant interests in
accordance with the chartvs Conflitt of Interest Pclicy and withdraw from any decWons where a confiict of interest may arp5E. No disdDsures hève been made by the trustees nce the charity w35 constituted. MaTraiwn•nt The charsty doe5 not have any poid employees and all lundralsln8 and admlnlstratfve work is currently undertaken bythe tru5tee5. RL%k manayrnent The Bo¥rd Df TTUStees rtW$and as5e55e5 ri5ksfaced bythe chaiity. poll¢l Polldes forall lellt areas, asdÈtèrmined bythe Joard of Truttees, are malntalned. PU1< bEnefiE The trustees have refèrrèd to the 8uldance cortalned In the Charlty ComrnlSSlOn'S Reher•l 8uidance on public benEfrtswben revIe our alms and obj•cu$and In annIng0urfuturEactlIes. Phn5fwth?luture In the nextyear, we 11 confjnue our alrn totakeshop & Oropto new are¥5 In London and Increase dell¥erles to our currentfood bank5. We aimto develop fvrthertoolsto aSurethe Impaa ofoUr5eN1 In each pather10L bankand ensure Shop & OropoblectNes are beln8met. ThisreportV44$ approved bythe 8oardon 30Aprtl 2024 and siqned on Its behalf bv.. RoswM8ry Hytner IDanna Hunter Trurtee
Twustees. respryMIWlllhsrt4t•m*rt The trv5teÈ5 are responsIb for Fxepadn8 thÈ Tnste0 Report and the Flnandal Ststements In accordantt wlth the uned Kin8dDm AtrOUntln8 5tsndards (Unthd Kln8dom Generally AcceptEd AccDUDtin&Pvatticel. The law appliCae totharityes requlres rhEtrusteesto proparennancialstatemEntsforeèth financlal
ar, Vlhlth glve a true and falr vlew of the State of afFairs uf the charirable panY and Df the Intornln8 rE50urces and appllcatyon of resDurces, kncludln8 the knELvne and Expenditure. of the aradeCompanYfortht perfod. In preparingtheseflntnckgl #atements, thetrustoes arerequlred selett51ab1e accountlnl policies andthen app them cOn51stent.' observe the method5 and prfnciple5 Ill the Charfties SORP 2019 IFKS 1021., makeiudgernent5ané E51imatesthat are ieasonable and prudent.. state wheiher applICab UK Accounting Standèrds have been follDwed, sublert to any material departuresdisclDsed and explalned In the flnancSal 5tatements', wepare the Ilnancial statements on the 8DIDg ¢oniern basi% unless is InapproprLite to presumethit the tharitable company ¥AII contlnue in operation. The trustees vre responslble for keepln8 adeguate accountlng fecvrds thatdi5close reawable accurary at anytimetheflnanc4al po%tioD of thEtharitable company and enablethern to ensure that the financlal stateynents cornpty wlth the Companle5 Att 2(. They are also responble for 5afe8uardin8 the assets of the charirable company and hence for taklnB fEa50nable Meps for the preventK)n and detectlon of fraud and otherirrE8u14ribes. The ropDrtwa5apwo¥ed bythetru5teesof the charityon 30Aprfl 2024 and sI8d on 51sb2haWby: RD5ernary Hwntr ChalT Joanna Unt Tre
Ind•pendenteyJmlrs remtotheTru5Tru of shop & Drop I report to the charty trustee5 OTh m¥ •yamlnatknn rf the 3tt0utrits of Shop & Drop. Chatlty Number 1202878. kn the pericd ended 31 March 2024whichare SetoUtr p4es 9t0 14. s the charlty's trustees. are responsible for the preparation of the accounts in accordance w(th the requirements ofthe Charlties Art 20111.the Arfl. I report in re5pett of my exarn1naty of the charitws accounts carried out Und secDon 145 of the 2011 Att and in carryin8 Out my ex3mination, I have ftAlowed all the applicable Directions &ven by the Charity Commlsslon undef settion 145lSllbl ofthe IrhJepend•itex•n1rf5 Sl•fIllt I have completed my examinatlon. I confirm that no material matters have come to my attention In connethon wSth the examlnation whlth 8lwes me cause to believe that in, any merial respect. the accountin8 records were not kept In bccordance with Sett)n 130 of the Charities Act; the accounts did not accLYd wth the acCtIn8 records,. or the ac£ryJntsdid notcomplywththe applicable requirements concerningtheform and content of accounts set out in the Charities IA£counts and Reports) Regulations 2CQ8 other than any requirernentthatthe accounts give a'tsue and fairf wew which is not¥ matter considered as partof an independent examination. I hwyt ¢¢ncerns ind hève •¢r055 rrt) other tterS In connection the eijrninwtion to attention should be drawn in this report In Drdev th enable a prow undtrstsndin8 of the a¢¢9ts1O bp reached. tte. 3June 2024 Ixquiwitlhms FfA rknakl Reid GroupCh4rteredkntrJn*ants 18a street MaidtId eerkjhwe SI6 IEF
Shop & Drop coumslortheperfod frryn 29 Aprfl 1023to31 M•rth2024 Re8i#ered Ch•rlty Number 1202878 St*tementol Flnahdll PAll¥lle5 48.y94 36.0 J6.Uth) È6.4J 36.uo
Shop & Lwop Re8bttered Ch•rltyNumber 1202878 lance5heetasai >IMarth 2024 No¢¢$ CuvvertAK•ts Debtors 1,967 Cash atbankand in hand 73.391 Total current assets 75.358 Creditors.'amDuntsf¥llin8duewithin oneyear 900 74,459 Fundsofthl (hrfty Unrertr4ct funds 35,275 DSnaledfunds RestrSctedfvnds 36,000 3,183 Total fijnds 74,458 The finJndal statements were approved by the Board dTnJstees and authorLEed for Issue on 30 WI 2024artd were4wod on Its bÈhaff by.. Ilosemary Hyther J¢anna Hunter TrusteE io
5hop• NOTESTOThE ACCOUNT5 Shop & Droplsa Charftable Incorporated Orpnkntion ICh)l. WaS restered asa LM charftywththe CharltyCornmi551OD o[EDand and Waleson 28Apdl 2023 Mdernumber 1202878and is 8overned bv its¢on$tY0nda8arc2O23. ThethanV5mwpaloffioaddrets ts12Parsifhl R¢, NW61UH. 8•$L4of Act¢NLntln8 The financlal 5tatemEnts ha been prepared In accordance ¥Jlth the tharfws governlnB d(KumEn¢ Ac(ouDtin8 and Aeportin8 by Chare5. Statement of Rerommended Practice appltstle to ¢haritye$ preparfw ihelr aOunt5 In ordancet the Financlal RepDrtin85tandard apicable In the UK Jnd Republlc of Ireland IFRS 1021 leffeth¥e l January 20191- ICharibE5 SDRP IFRS 10211, thè Flnanckl RePDngstsThd3ré aprlicatylelntheUK3nd RepU1COf Ireland IFR5 1021 aadtheCoMpanlesk12r. The charfty bas tsken aantage ofthe Pros1O5 IntheSC¥IP for tharibes not to prepa a St#ement of Cash Flow5. shop & Lknp meets the defFnltiyn Of è publ benent entity under FRS 102. A55ets and ?lItieS reco8nlsed at hworkal cost or tran5aaion Ydlue Un$5 otherwise sted In the 1Éant account1Th8 policynote Gr4jreM Thetruttees considerthatthere are Mmatenal uncertaintsabouIthe chxiV$abllltyto conUnu•a5 Fund k¢ouDlln8 The General Fundls an unrestricted fund Is Milatye use at the dlscredon of the trustees I Furtherante ol the general iikctits of the thadty and wfvich have not bEen de541n3ted tor spEor purposes. The Oeswnated Funds are unrestricted fund5which have bten srt up by the trustees to hold fundsfor spEtth¢purpose> The aim and Lpse OrthedesWaredfdls sOt w the hotestotheattounts. ReSttte Funds are funds ¥%thlch are to be used ih accord¥n¢e with sp¢(Ifit restdctlons trnp05ed bythe donDr&ThE aiffl and u5eof the $trdfUrnd is setout in the note5tothearcounts. IncomEand expenditure isallotstedtotheFunds onadlrectortlrne apwtioned bas¥$appmprotr. ncome is InclLled In the perj In whith thE charity becom* wtltled to the resources. the tAee5 have5ulaent rtaItythattheYlll reCeethe resourcesandthe rnonetaryvalue can bomeasu wth SUfficntre413ts41lty.
Cash tnatlonsare reco8nlsed on recelpt. Otherdonthon5 are recv8nised once thetharfty has been notified of the donation unle55 performance conditions requ1 deferral of the arnount. Incorne tax rEwerablein rèlatlontodonatknns recebved underGIfvd Is recDsnlsed atthe tlrne of the donatlon. Expendlture 15 induded in the statemt offinandal activMeSTrJthen incurred and inLlude5attributablE VAT whlth cannot bE recovered. All exPeure 15 allocètsd to the partthlar artmty where cost rdatesdirethytcthat3thhity. In¥e5rfflertlnrornt This islndthled kn the accwnrs%%en refvable. D•bt•rs Trdde andothErdebtorsarEre¢o8nisedattheseLYemeniamount du2afteranytrdded5COUntoffereiL Prepayments are valued atthe amountprewd net of anytrède dixounts due. Accrved irwme and taxrecoverdble151ndled atthe bestesbmateof theamcyJnrsrece]¥aNeat the balan 5hEet thte. Ll?bllkne$3re reco8ntsed assoon astherelsa orco75tThjthEOtlieatnC0mml¢I1nqthecharftytO payout re50urce Instruments. B•sicllnantial Instrufflents3re Inbtlallyrecoznlsed attraDsathon lu¢¥Thd$ybseQtserttly measured attheir 5ettlementvalue. C•5h at rath EquWts Cashatbankandcash Inhand Inthdeso5handth¢rttem)hl8htyNquhllnvestrnentswtha 5hcrtmaturty oftlee rnnthswlÈ55fromthEdateofacqulsMonoropenlngof trodep05it orsmir*£9l The ch3rrty15 a regtstered tharfty and Is ihoreforeexernptfiom taxatloD. 12
36 Obknr l775 1775 Ob*r 2.775 2,775 In1pStK¢me 194 51gS3 ShDpandDKyiofoo1fflkS Othor 1ffi17 3.792 1.6J7 E¥èntsandhAidrnl&tscc<o l175 l175 Swri(w OY)e 3M75 13
Afcrued Income 5. Csh •t Cash Equfvjlen 2024 Cath èt bapk S. Credltors: amoumsfalllw d¥¢thIn on•y•r 2024 AccrL471s 7. Fund5 of thè charlty 8. Related Partles During the period the tharity recÈi¥ed donatlons of £2.970from trustee and related parties of the charity, there werè no other related transattion5 in the year. 14
v4 R•lertnre4nd dmlnlllrnth IDltsmwi•fi Re&stffed name Shop & Drop Ch•rfty rrylstr•tlun number 1702878 Corpor•te st•tu$ Charttable Incorpordted OT8anlsafjon ReOstered oflke 12Parslfal Aoad, NW6 IUH ww.shop4nddrop.Df8.uk Curr4nt Tru5tq•s Rosemary Hytner ICh31r) Joanna Hunter IHonoraryTreasurerl Independent Ethmlmv Donald Reld GrakpCharteredArcounrdnts 183 Kingstreet MaeThhead 8erk5hire 5L6 IEF Royal Bank of Srotland 36St Andrewssquare Edinburih EH2 2Y8 15