Charity r•gistration number 1204738 (England and Wales) Company rnllbtfatlon number 14396763 FOOD AND COMMUNITY TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 FOOD AND COMMUNITY TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trust••s Mr Samuel Evans Revd. Michael Rutter th Chaflotte Codina Mts Jayne Frankjin Mr6 Jlll Curtls Mr Jonathan Bennett (Appointed 25 September 2024) (Appointed 25 September 2024) Mr8 Sandra Koen8 Sa¢retary Mr Chrr4topher Nall Charty numb•r IEngl•nd ￿105) 1204738 Company numlmr 14396783 PvmcipAI addv•ss lthlt 11 Jlcan Road Sheffield S91EW R•glsl•r•d offt¢• 66 Cro88 Bedford Stroet Sheffield S6 38Q Audllor 118 Rlcharthon Cannon House Ruljand Road effield South York8hlre S3 8DP Bankers Uoyds Bank plc 148 Bradfield Road HIIIBboiough Sheffield S6 2BQ FOOD AND COMMUNITY TRUST CONTENTS T￿￿tee$. report ststement oftrustees. responsibilitse5 Independent auditors report Statement of)Inancial aCtiV￿e5 Balance sheet Statement of cash flov+8 10 Notes to the financwl statements FOOD AND COMMUNITY TRUST TrUSTEES' REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 OCTOBER 2024 The tntstees we5ent thew amual repc4t and fiMn¢ial SlateM￿ for Ihe year ended 31 October 2024. The fmancial statements have been Fyepared in a(wdance ¥%ih the accounting polbci¢s set OLrt In note 1 to the nancial statements and ¢O￿lY 7hith the tharity¥ MeMo￿￿jrn and NAicle5 of Assouation, the Companies A¢t 2006 and 'Accounling and Reporting by Charilies.. Statem￿1 of Recorrrfnended Praeliee ¥•pIic8ble to charities preparing their accounts in ac￿rd￿tee *ith the Fmarnyal Rewkng s￿dard aPr￿cable in the UK and Republic of Ireland (FRS 1W2)" leffe(Ji¥o l Januwy 2019). obj.ectiv￿ and aciwities The Chairty's objects are.. al The prevention and reliefof povwty the of to people ￿ crisis or need. bl The provision of addib'onal ￿e￿iCeS support for the prevenkn and relief of poverty. c) The advancement of edU￿tiOn. including Ixrt not IrTWted to w￿ryth,ng educatimd seNKes, faclities ?￿d oppO￿n￿'es for young people living in p)verty an¢Yor expenen¢ing depr[valM￿ across England and Ktsles. d) To wonv)te and 8UPlY)rt the advancemenl of Ihe c￿¥￿tI8n f*th. Main obiedi¥es for the ye Key objethes ￿re. . to work twdrds relIe%￿g f￿d po¥ety in Sheffidd., - to ¢ontiNe and devd4) wrwt for thildren and Y￿￿g people aurfjss &)effield. Parti￿larty Ihrough sthocls work. The SU￿esS ofthis Wds princ4pa1￿ measLwed by: - the number of benefi¢iaries supwted by the Charity: - the number of people fed. and the totsl amtyjnt of thstrt*rted. Publicbonefit The Trustees have ¢onllmied that they have rekrred to the SWIdan￿ ¢￿tsined in the Chanty Comnknlon'$ gener81 guidanGe on public benefjt when reviewing the (*all￿$ and objecbve5 and in fu￿re actswtie5. The Trustses are aL80 Wdre of the Charity CornnY$g￿'s guid￿ce on publi¢ benefft in the Advaneemenl of Rekngion for Ihe Public Benefft arKI have regard to it in Iheir administralion of the Charrty. &gnftfjcant aCtIvrt￿ and achievem￿ts ag￿￿0b}e￿"v8S ThLS second pefiod of (peralion has *wofved the tsansfer of its operalwTh from The Phlad*hia Netrffjrk Limited Ichanty no. 11349731. Som8 k8y achi8wn8rts fv the 202Y2024 wthv." . The charify distrbuted an estimated 1267 tornes of food. ewiv*nt to ￿eT 56,OCrf) emwgency food parce￿. . The (*ty suppcrted 43 people to become tlebt free aThY SW*Xted in *ribng Off £465.0￿ of debt. . The tharity thrwgh rt5 Cthzen Pthice ￿effi￿d have WOVKled $upwt athice lo beneficiaries, resulting in inyroved access to soc¥al tsriffts. one uTants and benefts. This 15 eslimated to have resulted in £788.660 in finan(¥al gains f(¥ benefi(iaries. . The th￿rty FY(wided 1783 ofy￿th thI￿en5 Fundraisir?g pra¢*¢es There are no specific [untra￿g wacti¢es w objedi¥es of the dmnty dthough in¢*vhkn15 r￿ganIsationS Vlill somettmes pass on funds r￿d at partiC￿lar events. This tharity is not resP￿sIble for regulating the ftJndraisiThJ praclices oftse withiduals or organisatc￿. FOOD AND COMMUNITY TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Financial review The Statement of Financial Adibrylies on page 8 tolal lthre8l￿ted c•f £213,776 (2023 - £39,000) and total Restricted irKome 01 £2,127,39212023 - £40.9291. 11 als9 %hows total ihestricted expenditure of £103.455 {2023 - £2,400) and totsl Restrded eXpendI￿re of £1.516,367 {2023 - £3,150). Thi5 resulted in a surplu5 of £110,321 {2023 - £36,600) on Unrestric*ed £611.025 (2023- (£37,779) on Re51riGted funds. Unrestricted funds Ixrried foThward an￿nt to £146,927 (2023 - £36.6D)) Restricted funds canied fmvard anwunt to £648.80412023- £37,779). Reserves policy It is the policy of the tharity that unrestiided frjnds have not been designated ts a specific use should be maintsined at a level equNalent to no less 6 week's expenditixe at least 16 weeks of the estimaled cost of food at the Foothnk in restn.cted furKls. The trustee8 co￿der that reser¥es * this level ￿lm enwre that, in the event of a signiknnt thrp in fijnding. they V*ill be able to conlinue the th￿ty,$ currènt v*Mle consideration is ￿Ven to ways in %%thich ad(Alional funds may be rawd. Maiorrisks The Twstees have assessed Ihe major risks to the Cthaiity is exposed. and are s*isffied that $￿emS are in place to ffitigate exp¢)wAe to the maFx iisks. Plans forfu￿rn pemds The d)arity fijtsjre plans are to CO￿ to ￿ ￿1r Fo¢x•JanK Debt relefwld Youth aclpiities. The tharity is a rwistered thaiity and a conyany Inmted ty ￿rantee. The Irustees. we 8180 the dred0￿ ts the of law, and served (*Jring theyear up to the date of Slgna￿re of the fina￿4a1 statew*nts *ve: Mr Samuel Evans Revd. Mithael Rutter Dr Charfotte Codina Mis Jayne Frankln Mr5 Jill Curtis Mr Jonathan Bennett Mrs Sandra Keene {Apwnted 25 Seplen*er 2024) (Awry'nted 25 Seplerdw 2024) Membership of the wmparry is at the ¢&suetion of the T￿￿tees. None of the trustees had any benefi(ial ￿terest in the conwany at Ihe year end but two re¢¢i¥e a s*. All ofthe Trustees are rr*mber5 tyfthe ¢onwany. Induction and training Oft￿Ste6S New trustees are Erfiefed on Iheir roles and reSpl￿s￿lI￿Os, their legal Oblipb.￿S under charity law, the content of the conslilutim, the d￿A$lon n*king W¢)cess and the recent financial performance of the ¢haiity. They also receive any necessary training as rewKed. Remunerknn pc4icy The pay and femuneration of the ¢hanty'$ key managenxnt perscmnel is detwnined by Ihe tJu$tees based upc the employees. experience and pay $tNcknes operatiig generally in the thanty sertor. Relationship relatedp&b'es The tharity 74vas fOrn￿d to take over the extstsng (vati￿$ of * FoOth￿k. Forge Ycth and much of Restore operations from The Fffiiladelphia Net4¥0rt LI￿ed (tharty no. 1134973). The two tharities continue b) V•Y)rk together on vall0￿ propL*s FOOD AND COMMUNrrY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPCNRT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Auditor In accordance wilh the coThpanrf5 artkdes, a re8olulion proposw)g that 1th11s RId￿rdSt￿ be re4)pointed as au¢*tor of the company ￿11 be put at a Gewal Meeting. Dlsclosure ol inft>mMtion to awJitr)r Each ol the trustees has c￿firmed that there Y6 no inform•tion of vknich they are a**re vthith 18 relevant to the audil. but of vthith the auth'tor ￿ unaware. They have fvrfher confirmed that they have tsken apwopriate 8tep8 10 Idenlfy such relewdnt information to establish that the authtOT is aware of SUL* M)formation. Small companies ex•mpth)n This report has been prepared in accordanGe *ilh the w0vi￿On5 lo conyani88 enbded to the smo11 companies exempb'on. The lJustees' report aPpr￿ed by the Board of Tru8teeB. Mr Samuel Evans Tru¥t•• 22 July 2025 FOOD AND COMMUNITY TRUST STATEMENT OF TRUSTEES, RESPONS181LITIES FOR THE YEAR ENDED 31 OCTOBER 2024 The trustees, %tho arè also the directors of Food and CommuThty Trusl for the purpose of company law, are responsible for preparing the Trustees. Reprxt the ￿anCIal statements in acttrfdance applicable law and United Kinglom Accounting StsrKlard8 {United Kwigdom Gerw•P4xepled knnting ￿L*ce). Companylow rewires the twstees to wepare finanaal stalements for each financial year wlyth we a true and fair ew of the stste ol affairs of the tharity of the incomiry resoLwce5 appth'calNJn of resources, including the income and expenithture, ofthe thwitable ￿)￿varry kn thal year. In preparing these fffiancial ststements. the trustees are rewrÈd to.. - select sultabk aecounting polieFe$ then aFoty them Cfmsistenty. - observe Ihe methots and priwiples ir) the Chartties SORP., - make judgements and estimates that are reasonable wudent.. . stste vthetheT wbcable UK AccoLthing Standards have I￿, subied to arry material depariwe5 disdosed and explained in the financial statements: and - prepare the ffinanrjal statements (Kb the wng concem ur*ss it ￿ inwpmpriate to that the ¢harity vill wntinue in cyerati¢M. The Intstees are responsi1￿e for keeping a¢kryate accounlvig rec¢)rds Ihat ¢*sdose *ith reasonable ac￿raCY at any time the financial posibon ofthe charrty and ￿able them to ensure that the financi* ststements ¢onyJty the Corrpanies Art 2006. They are akn responsitde safeguarding 1he assets of the th8nfy and herKe Air tsking reasonable steps for the prevention and detection oftraud and other irregL&arrlies. FOOD AND COMMUNITY TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF FOODAND COMMUNITYTRUST QuaIrf￿d opinion have audrted 1hè finanLYal statements of Food and Community Trust (the 'tharit*) knr the year ended 31 October 2024 which compiise the statement of ffinancial activitse5. the balance sheet, the statement of cash flow5 and note5 to the financial statements, including significant accounting policie$. The ffinancial iÈp(ffting framework that has been applied in their preparation is applicable law and United lfjngdom Accounting Standards, including Fbnanoal Reporting Standard 102 The Firt8ncFal R8portJng Sland4rd appfi¢ab18 in the UK and Republic of Ireland (Untted lfj'ngdom Generalty Accepted Accounting Pra(*ce). In opinion, except for the p￿SIble 8ff8ds of the matter described in the Basis f￿ Qualified OF4nion seL*on of our ￿POrt. the )Inancial statements.. give a true and fair view of Ihe state of the thar*table ￿mpanY'S affairs as at 31 October 2024 and of its incomirKJ resources and appll¢atlon of resources, induding its inGome and expondilure, for the year then ended., have been propety prepared ￿ aC￿[danCe with United Klngdom Generally A(xepted AcGounlng Ftactic*,' and have been prepared in accordance ¥￿th Ihe requirements olthe Companies Act 20C6. Basi5 for quafff*d opinion ￿ndUCted our audit in a¢¢ordanc8 ¥￿th International Standard8 on Aud￿ng IUKI {ISPs (UK)) and appli¢atle law. Our responsibil￿e5 under those standards are further described in the Auditort resporisibilits'es for lh8 audrt ol Ihe financial statements 5eclion of our ieport. We arè independent of the charity in accordance the ethi¢al iequirements that are relevant lo our audit of the financi81 statements in the UK, incbjding the FRC'S Ethical Standard. and we have fijlfilled our ¢)ther ethical responsibilthes in aG￿rdance vi1h these requIre￿￿nts. We believe Ihat Ihe audrt evidene¢ we have obtained is $uffii7ent and appropriate to provide a ba8is for our qualified opinion. Imh respect to stock having a Carrying amount of £205,682 the audrt evidence available to us was limited be(XLr6e we did not observe the Counting of Ihe physical stock as at 31 October 2024. since that date was prior to our appointment as auditor of the chaitty. Owing to the nature of the companys recordg. we were unable to obtain suffioent appropriate audrt eviden￿ regarding the stock quanmles and therehre valuabon$ by using other audit procedufes. Conclusions rnlating to going concern In audbting the finanaal statements, we have conduded that the trustees. use of the going concem basis ol accowting in the preparatson oflhe financial slatements is appTopiiats. Based on the T•by)rk we have performed, we have not identiffied any material uncertainties relating to events or conditions that, indivithjalty or colleclively, may cast signifficanl doubt on the tharity's ability to continue a5 a g(xng concem for a period of at least tsyetve monlhs from wthen the ffinanoal ststements are authorised for Issue. (>Jr responsibiifaes and the respOns￿51￿e5 of the 1TUStees wth respect to going con¢em are desuibed in the relevant Sections of report. Other information The other information wmprises the information (nduded in the annual report other than the financial statements and our auditorfs report thereon. The trustees are reBponsthle for the other information contahed V•ithin the annual eport. I￿r opinion on the )Inancial stslements does not cover the other ￿fOrmatIon and, except to the extent othervise explicity stated in our report, we do not express any form of assurance condusion thereon. Our le8pon￿bIlity is to read the other information and, in doing 50. C0116ider vthether the other infomial'on is materially Sncon515tent ￿1th Ihe financlal statements or our kn￿edge obtained in the course ofthe audit, oi othemse oppea to be materially misststed.ll identify $u¢h material inconsi¥ten¢ies or apparent material misstatements, we are required to determine vknether 1his gves rise to a material Th4sstatement in the financial statements themselves. If, based on the work have performed, we condude that there is o materigl nwsstalement of thrs other ￿formatiOn. we are required to report that faot. We have nothing to report In thls regard. FOOD AND COMMUNITY TRUST INDEPENDENT AUDITOR'S REPORT(CONTINUED) TO THE MEMBERS OF FOOD AND COMMUNITYTRUST Opinions on other matters prexribqd by the Companks Ad 2006 In our opinion, based on the work undertaken in the ¢ourse of our audit.. the informalion glven In the tru8tee$' report foT the financ481 year for b**ich the financial 8tstements are prepared. which includes the drector8' report prepared for the purp08e3 of company law, Is conslstentvlth the financial statements., and the th"re¢tors' report induded within th8 trustees, report has been prepared in accordance ap￿1¢able legal reqimrements. Mattors on *thich w• *r• requirnl to rnport by exceptltsn In the light of the kno%￿edge and understanding of the charity and its environment obtained in the course of the audit, we have not idèntifièd mat8rial misstatements in Ihe directors, report induded wlthln the trustees. report. In respect solely of the limitsb.on On our work relat5ng to stock d8suibed above.. we have not obtslned all the nformation and explanations that we eon8ldered necessary for the puvpose of our audtt.. and we were unable to detern￿ne *thether adequate accounts'ng record8 had been kept. have nothing lo report in resped of the lollovAng mattern in relation to vthlch th• Comp8nle8 Act 2006 requlr88 u# to report to you Sf, in our opinion.. Ihe financial gtaleThnts are not kn agreemont the accounlng records and return¥; or certaln disclosures of tru8tee8' T•muneralOon •pedlled by law are not mado. Ihè tru8l•e8 were not ents'lled to prepare the finon¢ial statements In accordance the 8mall eomp8nl¢$ regime and tak• athanl•ge of the 6mall companies. exemptions In preparing the tru8tees' report and from the requlrement to PT¢pore a ¥lralegiG report. R•swisibllltl•s of tN*t••• As explained more fulty in the slatomgnt of trustees, responsikn'libeB, the tW8tee8, are also the directors of tho charity for the purpogo ol company law, are r¢sponsible for the preparation of the flnandal 8tatement• and for being satisfied that they gve a true and fair view, and for such intern81 control the tru8lee¥ determine 1$ noces$ary to enable the preparabon of financial Slalements that ore free from materlal mlsststement, wthelher due to fraud or error. In preparlng the flnandal statements, the trustees are responslble for assessing the Ghaiity8 abilty to onlinue as • going GOn￿m. droGlosing, as applKable. matters related to going concem and using the going ¢oncefn basis of accoun￿ng unless thé trustè8s aith8r Intend lo liquidate Ihe tharitable conyany or to cea8e operats'ons, or hgvg no realistic 4Aomotive but lo do so. Audilorf¥ wMpon•ibilitiv lor th• audit of th• fin•n¢i•l statem￿ts C￿1 objedive5 are to obtain reasonable assurance about ￿ether the ￿anrAal statements ￿ 8 wh¢le are free from material mis6tstement. Ihthether due to fraud or error, and to issue an auditor's report ihat includes our opinion. Reasonable assurance is a hith level of as8uran¢e but is not a guarantee 1hal an audit condu¢ted in accordance vdith ISA5 (UK) wll alvfdys deted a material misstatement %then it exlsts. Misstatements can arise from traud or error and are considered rnaterial if. indiviibjally or in the aggregate, they could reaBonably be expecled to inlluence the e￿￿OrnI¢ de¢l￿On8 of user8 taken on the ba81$ 01 these finan￿al $tstements. The extent to V*bi¢h ow proGedures are Gapable of delecting irregulaiitses, induding fraud.18 detailed beh)w. - Considering the nature of the sector and the charity's perfomiance. - Enquiry ot managemènt, and those charged v*1h govemance. - Reviewing minutes of meetings of those charged viith govemance. Enquiry of enoty 8tsff In ￿MplIanCe fijncllons to lden￿fy any Instsnces of non-compllarKe *ith lawB and regulats"on$. Reviewng ffinancial statement discAosures and testing to supportlng dowmentation to assess comph'anr* wth applicable lav•S and regulations. JJditing the risk of management override of ¢ontrok, Induthng through testing purnal entrie8 other adjustments for appropwiateness, and evaluating the business rationale of significant transactions outside the noimal course of business. FOOD AND COMMUNITY TRUST INDEPENDENT AUDITOR'S REPORT(CONTINUED TO THE MEMBERS OF FOOD AND COMMUNITY TRUST A fvjrther description of wi responsknilibes is available on the Fwiancial Repwthg Counalb website al.. htr.'Il .frc.org.uklauditOf8respon8its'litses. ThB descriplion forn￿ wt of our authtor's report. Other matt•rs It should be nc*ed that the correspmdkng fjwres not aui*ted as there was no lègal requirement for th05¢ ffiwres to be aui*kd. Us• ofour rn￿rt Thi8 report is made 8oldy lo the tharrtable corryany's mèThl>eAs. as a boay. in xCtYd￿ce vlith Chapter 3 of Part 16 ol the Companies 2(M16. ()Jr aurk has been ￿dertaken $01hat we mI￿t state to the tharitstle compan16 members those matters we are required to state to them in an authtor's report and for no other purpoge. To Ihe thjllest extent permitted by law. we do accept or assume resp￿sIbIlity to anyone other the charftable company and the ¢hafl companys meffl)ars as a bothy, lor )ntract 58,293 Income frnm othertradkng actl¥ths Total Unr•strictad R•strf￿•d funds lunds 2023 2023 Total funds 2024 funds 2024 2024 2023 Fundraistiig events Food 5ale8 2,829 821 594,457 3,650 $94,457 1,500 1.500 ¢Jher tradlng acti¥fftes 2,829 595,278 598,107 1.500 1,500 14- FOOD AND COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Incomè from Investments Unrnstrictad Rostrkt•d funds fund$ 2024 2024 Tolal Unrnstricted Restricted furbds nds 2023 2023 Total 2024 2023 Intere8t receivable 24,464 1,004 25,468 ExydI￿re on chirllable actl¥Stles Unrnjtrlcted Restricted lunds fvnds 2024 2024 Total Unr•¥trl¢ttd Restrfct lund$ nds 2023 2023 T￿1 2024 2023 DlrKt Costs Staff c08ts D•pYtciatlon and impaliment Molor and travel ProleGts staff expenBe8 Food purchaseg Haulage Foodbank Phlladelphla It￿ndS 84,698 375,647 460.345 4,800 13,317 18,%2 5,977 745.204 35,988 4,800 14,424 25,621 6,961 745.204 35.986 1,107 7,059 984 18 16 1,895 594 1,895 594 85,092 85,092 93,848 1,284,585 1,378,433 2,507 2,507 Shaw• of support and gov&manc• colts {Jo0 nots 8) SuppDrt 7,807 221,582 Govemance 1.800 10,200 229,389 12,000 643 643 2,400 2,400 103,455 1.518,367 1.619,822 2.400 3,1 SO s,sso Analysis by fund Unre$tri¢tsd fundB RestsiGted lund$ 103,455 103,455 1,516,367 1,516,367 2,400 2,400 3,150 3,150 103,455 1,516,367 1,619,822 2,400 3.150 S,$50 15- FOOD AND COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCT08ER 2024 Support costs alloc* to acti¥iiÈs 2024 2023 Alministrative cc*ts Bank charges Legal and professional th￿e$ IT ci)sts Insurance Utiifaes teleph￿e Repairs, mairlenance and equipment ditllndepertrknt Examiner fees 25,694 372 99,534 18,201 11,085 37.845 36.658 12,000 40 186 27 2,400 241.389 3,043 An*sed belwEen: Unies1rided fvnds Restricted ILWKIS 9,607 231.782 2,400 241.389 3,043 Tolal Donati￿8 from Ir￿te￿5 4Th￿L￿ted to £2.350 ￿ the year ended 31 c￿2024 (2023: £Nill. TYK) Iruslees V•Ere reimbursed for expeMes r￿at#￿ lo travel exPer￿e$ etc. totslling £2,117 {2023 . £Nil). Lknng the year ￿der rewew. TruBtees were Iheir servi￿S a¥ enwhyees. These payments are in accordance V•ith the pro￿sIc￿S in the dated 3 October 2￿2. Detaifs of Paym￿ to those Tiustees are sel out belw: Salary Pensio Sam Evar Jayne Franklin 37.911 3,482 7,403 Ex￿Jding the th¥e an￿￿ts. recevrfed under wilten aweeTh￿tr. no Inth or olhei person t￿nneL*ed to the Charty had any pernonal interest ¢ontra¢t ortrwwclion entered into by the Charity thTmg the year. 10 Ernployee5 The average n￿tt￿Y number of enwoyees thring the year T*aS: 2024 2023 N￿rn￿r NumlJ•r 16- FOOD AND COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 OCTOBER 2024 10 Employees (C¢ntinued) EMploY￿￿t costs 2024 2023 INages and 8alaiies Social secunty costs Other pen8iM Costs 405.975 18,787 35,583 460,345 There were no employee8 Ythoso annual femunerallon was more tt78n £60,000. R•nwn•rnllon of k•y MAnag•m￿t pw%¢)nn•l The remuneration of key managernent personnel waB £91.342 (2023- £NIII. 11 Taxatlon The Gharity IB exempt from laxalon on Its acilvitles because all Its Income16 appli8d for tharitable purpoBU. 12 TangIb￿ lixod assets hlde• Cost AddldL)ns 19,2LK) At 31 Oclober 2024 19,200 Dfrprrtlation and impoirnwnt Deweciab'on tharged in the year 4,800 At 31 Odober 2024 4,8¢)0 Ca￿1￿g amount At 31 OGtober 2024 14,400 13 S*)cl(s 2024 2023 Food stock 205.682 17- FOOD AND COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCT08ER 2024 14 Debto 2024 2023 Amounts falling due wilhin (w year. Trade debto other debtors Prepayments and a(xrued irbcome 45,412 42,091 1,629 187 89,132 187 15 Crnditots: •Munis lalling Ikn within on• y8 2024 2023 Other taxation and ￿￿al se{￿rity Trade creditors AcfxuaL8 and defeffed rKon 1,832 84,809 4.889 122,105 4,889 2024 2023 Dthed ¢ontrilMrtion sch Charge to profft or I￿ in respert ofdefined contritsthiw s¢*emes 35.583 The charity operates a defined ¢on1ribUlic￿ pensim scheme for all quarI￿ng employees. The assets of Ihe stheme are held separatety from those of the charity in an independentty ad￿l$le[ed fund. The expense is split be￿en the re￿v￿rt fuTrd5 the same basis •$ wages salaries, dependKig upon the job roles of each employee. 17 Restrlct•d funds The resthcted fijnds of the thaiity the unexpenthd baances of donalb)ns and grants held on trust subjert to speolc condrlions by as to Ibywthey nmy be used. Incomwry Resou￿ At 31 Cktober 2024 2023 Foodbank Forge Youth Debt service 28,049 9,826 1.W,917 46,421 120.054 {1.397.8841 (44,4931 (73,9901 591.082 11.754 45.gS8 37.779 2.127.392 (1,516.3671 648.804 18- FOOD AND COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 17 Restricted funds {c￿lIn￿ed) Previous peiiod: At1 Incom*w Resources At 31 Octob•r 2023 Foodbank Forge Youth Debt service 31,007 9.922 (2,9581 {96) {96) 28.049 9,828 (96) 40.929 (3.150) 37,779 18 Unmt￿tfjd lunds The unres1rictsd fvnds oflhe thartsi comyi5e the wexpended balan￿$ ol dMatIO￿ and ￿ants vthlch are not subiecl to 5pecifi¢ conthti¢￿5 by don0￿ grarrt¢X5 as to howthey may bè used. These include designated f￿d$ vA)ith have been set ￿de wt ofumeslricted by the for spa(xfK purpose5. Incoming ReSoU￿e5 At 31 October SOU￿ expended 2024 2023 Gener&1 ￿ndS 213.776 (103,455} 146,921 Incoming Resources At 31 Octob•r 2023 2022 General fvnds 39.000 P.400) 36,6 19 Anatysis of net asséts b•lwn funds funds 2024 2024 2024 At 31 Octobqr2024: Tangible ￿Sets Current a8setslOiabiThties) 14.4 634.404 14.400 781,325 146,921 146.921 648.804 795.725 19- FOOD AND COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 19 Analysis of net assets between funds ICwtinu8d) Total lund5 2023 lund5 2023 2023 At 31 Ortober 2023: Current as8etsl(liabik'ties) 36,600 37,779 74.379 36,600 37,779 74,379 20 Related party transacti¢)ns Transxti¢)ns wilh v•late¢l parties During the year the charity entered into the followng transactions v•ith related paTlies', The tharity took over the existing operalions of S6 Foodbank, Forge Youtt) and nwc* of Restore operalions from The Philadelphia Netsvork Limited ltharity no. 1134973). The Charith'es contsnue to WDrk together on Various projects. ThLS charity received a total of £7￿,1￿ 12023 - £37.500) from the Philade￿hla Ne￿ork Mled during the year ended 31 October 2024 in lieu of fvnd transfers, grants, interest and donations. In addition, this thatity paid a total of £66,122 (2023 £Nill lo Philadelphia Nets¥ork Limrted towards ￿$ts ineuThed on their behalf. Induded in Trade debtors at 31 October 2024 is a credit notè of £10 {2023 £Nil) owed to Philadelphia Network Lillwled. 21 Cash generated from opernlions 2024 2023 sU￿lUs for the year 721,346 74,379 Adjustm&nts for. Inv8slment income recognised in ststemenl of ffinanual activitses Depreciatson and impairment of tangible fixed assets (25,468) 4,800 Movements in worlting capital: Ilncrease) in stocks (Increase) in debtors kn¢rease in creditcfs (205.682) {88,945) 117.216 116n 4.889 Cash gweratgd 0￿￿tiOnS 523,267 79,081 -20- FOOD AND COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 22 Analysis of ¢hang•s in net funds The had no material debt during the year, -21