Oldham Foodbank Annual Report and Financial Statements Period Ended 31 December 2024 Charity registration number- 1208328 Company registration number.. CE036224
Oldharn Foodbank Annual Report and Financial Statements Period Ended 31 December 2024 Contents Page Charlty Reference and Admlnistratlve Details Trustees, Annual Report Independent Examinerfs Report Staternent of Flnancial Activities Balance Sheet Statement of Cash Flows Notes lo the Financial Statements
Oldham Foodbank Charity Reference and Administrative Details Period Ended 31 December 2024 Charity iegistration numbor 1208328 Company reglstratlon number CE036224 Trustees Matthew Fleming Lisa Jane Cookson Nigel Bacon Father Thomas Davis Marion Kneale Reglstered offlce Oldham Foodbank Unit B Prince of Wales Industrlal Eslale Vulcan Street Oldham OL14ER Independent examlner BP & Co Charteied Accountsnts Enterprise House 2 Pass Street Oldham OL9 6HZ Bankers Co-op Bank 12 Market Place Spindles Centre Oldham OL1 1HE
Oldham Foodbank Trustees, Annual Report Including Dlrectors Report and Strategic Report Perlod Ended 31 December 2024 The Trustees present their report and the independently examined financial slalements of the charity for the period ended 31 December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice ISORPI °Accounting and Reporting by Charities. in preparing the annual report and financi81 slalements of the charity. Trustees of the charlty The director5 of the charitable company are its trustees for the purposes of charity law. The trustees who have served during Ihe year and since the year end were a5 follows- Matthew Fleming Lisa Jane Cookson Nigel Bacon Father Thomas Davis Marlon Kneale Objectlves and actlvltles The charity airns are lo promote social inclusion by preventing social exclusion and relieving the needs of those who are socially excluded in Oldham. Current activities include provision of emergency food parcels through Oldham Foodbank. Public benefit statement1 Provision of parcels including food and other essentials for those experiencing crisis in the Oldham area. Signposting organisalions and referrals to foodbank funded Citizens Advice staff providing support ivilh benefits. debt and housing. Provision of a range of volunteering opportunities. Strate icRe ort Achlevements and performance In the period beginning on the 20th May 2024 and ending on 31 St December2024, Oldham Foodbanksupported 16.327 people, including 6361 children. Due lo the large number of people supported, Oldham Foodbank has demonstrated ils benefits lo society, ensuring many people have been able to access food with lirniled other options. The sUPPOrt required included provision of food and other essentials. signposting and financial support through our funded project with Citizens Advice. Thi5 project began during October of 2024, expanding the available support dIreCY through the foodbank. This ha5 enabled our clients to access direct and tailored support. targeting the root cause of their poverty, ensuring that thoy have the tools lo avoid similar sltvations ising frequently in the future. FinanGial r¢Yi¢w As at 31 December 2024 we held a ¢ombination of designated and unrestricted funds a5 well as monies which were owed to suppliers.. Late Invoices, Paid early 2025 - £25k 2. A balance of £46k (from £51 k in total) was still to be paid to the care system for a "Financia Inclusion Project" which supported people in crises with the aim lo provide them with stability so they don't need to rely on foodbanks. 3. Reserve policy - £170k l Er*Jland and Wales and Northèrn Ir8land.
Oldham Foodbank Trustees, Annual Report Including Directors Report and Stratagic Rèport Period Ended 31 December 2024 UnrBstrtGted fvnds- used to support operational activities, overheads and the Foodbank Managers salary. Th6 holding serveS are held for the followng purposes: 1. To keep the foodbank oporalional during a period of unforeseen difficulty we have a reserve policy lo segregate £170k of funds which would ensure the charity's core activities could continue for a minimum of ONE year. 2. Due lo the falling number of r81iable volunteers we are considering the employment of paid support staff. We are experiencing increasing reliance on the foodbank whilst food and financlal donations are deoreasing. We supported 20k people in 2022 which increased to 28.5k in 2024. Our sources of funding include public donations from individuals, organisalions and bu5inosses, alongside trust, foundation and commLtnity funding grants. Our main risks include stock and funding levels. largely caused by increases in demand over the last year and decreases in donations of money and food. If demand continues to rise, and donalionslfunding falls further, it Gould cause strain on the work of the organisalion. The Foodbank is reliant on the free use of a large industrial unil posllioned in the heart of Oldham from the local council. Structure, govemance and management The charity is conslituled as a CIO and is governed by its foundation constitution document Trustees are selected and appointed by resolution passed al a properly convened meeting of the charity trustees. PCC St Margarelslst Ch8ds- InGumbent or other suitable member will automatically be a trustee. The board of trustees includes a chair, treasurer, secretary and 2 other member$. The stsff tsam consists of 1 paid staff member, whose position is as Foodbank Manager. otdham Foodbank is part of the Trussel Trust neiwork of foodbanks. Trustees, responslblllties The Iruslees. who are also directors of Oldham Foodbank for the purposes of company law, are responsible for preparing the Trustees. Annual Report. Strategic Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resourGes, including the income and expenditure, of the charitable company for that period. In preparing these finan¢ial statements, the trustees are required to: select suitable accounting policies and then apply them consistently., obseNe the methods and principles in the Charities SORP 2019 {FRS 1021., make judgements and estimates that are reasonable and prudent.. state whether applicable UK Accounting Standards have been followedl. subject to any materlal departures disclosed and explained in the financial stalementsl 2: prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operallon. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any lime the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companiès Act 2006. They are also responsible for safeguarding the
Oldham Foodbank Trustees, Annual Report Including Directors Report and Strategic Report Pèriod Ended 31 December 2024 assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware.. there is no relevant audit information of which the charitable company's auditor is unaware,. and the trustees have taken all steps that they ought to have taken lo make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governSng the preparation and dissemination of financlal statements may differ from legislation in otherjurisdictions. The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024 and the trustees have not required the company lo obtain an audit of ils rinancial slalemen15 in accordance with Section 476 of the Companies Act 2006. In approving the Trustees, Annual Repor( we also approve the Strategic Report included therein, in our capacity as company directors. On behalf of the board N, Bacon Treasurer, Trustee
Oldham Foodbank Independent Examiner's Report to the Trustèes of Oldham Foodbank Period Ended 31 December 2024 Independent Examinor's Report to the Trustees of Oldham Foodbank I report lo the charity trustees on my examination of the accounts of the company for the period ended 31 December 2024 which are set out on pages 810 19. Rgsponsiblllties and basis of rnport A5 the Gharity Iruslees of the company (and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Cornpanies Act 20061'the 2006 A¢VI. Having satisfied myself that the accounts of IhB company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llb) of the 2011 Act. Independent examlner's statement Since the company's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies. I have Gornpleted my examination. l Confirm that no matters have come to my attention in connoction with the examination giving me ¢ause lo believe that in any material respect.. accounting records were not kept in respe¢t of the Company as required by section 386 of the 2006 Act., or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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., or 4. the accounts have not be¢n prepared in accordance with the methods and principles of the Slalemenl of Re¢ommended Practice for accounting and reporting by charities lapplicable lo harities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 10211. I have no coneerns and have come across no other matters in eonnection wtth the examination to which attention should be drawn in this report in order lo enable a pmper understanding of the accounts to be reached. Gemma Pypla¢z ACA FCCA ICAEW, ACCA BP & Co Chartered A¢¢ountants Enterprise House 2 Pass Street Oldham OL9 6HZ 18 DECeMBÉP aO&S
Oldham Foodbank Statement of Financial Activities (Including Income and Expenditure Account) Period Ended 31 December 2024 2024 Vnre8trfcby Re4rt*d runds EndMient funds funds Total Note Income and èndowments from: Monetary donations and lega¢ies 67,516 67,516 Foo(l and asset donations Grants 291,933 145,194 291,933 145,194 Total income and endowments 504,643 504,643 Expenditure on: Purchases Charitable activities Support Costs 2,383 385,760 98,732 2,383 385,760 98,732 Total expenditure 486,875 486,875 Net income 17,768 17.768 Net movement in funds 11 17,768 17.768 Reconclllatlon of funds: Tot81 funds brought forward 11 277,768 277.768 Total funds ¢arried forward 11 295,536 295,536 All income and expenditure derive from continuing activities.
Oldham Foodbank Balance Sheet Period Ended 31 December 2024 2024 Flxgd assets Tangible assets 8,547 8,547 Current assets Stocks Debtors Cash at bank and in hand 9,179 5,412 300,157 314,748 Creditors: amounts falling due within one year 10 127,759} Net current assets 286,989 Total assets less current liabilities 295,536 Net assets 295,536 Charlty Funds Designated funds UnrestriGled funds 11 11 216,000 79,536 Total charity funds 11 295,536 The company is enlitSed to exemption from audit under Section 477 of Ihe Companies Act 2006 for the period ended 31 December 2024. The trustees have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with SecliDn 476 of the Companies Act 2006. Th8 trustees acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The financial statements were approved and authorised for issue by the Board on 16 December 2025. Signed on behalf of the board of trustees N Bacon. Trustee The notes on pages 10 to 15 form part of these financial statements. Company registration number.. CE036224
Oldham Foodbank statement of Cash Flows Period Ended 31 December 2024 2024 Not8 Cash flow from operatlng actlvities Increase in inventories Increase in deblors Increase in creditors Depciall0n 17,768 {9,179) 15,412) 27,759 2,813 Net cash flow from operating activities 33,749 Cash flow from Investing activlties Payments lo acquire tangible fixed assets {2801 Net cash Ilow from investing actlvitles (280) Cash flow from financing activities Net ¢ash flow from financing activitles Net increase in cash and cash equivalents 33.469 Cash and cash equivalents transferred from prlor entlty 11 266,687 Cash and cash equlvalents dt 31 December 2024 300,156 Cash and cash equivalents consists of.. Cash at bank and in hand 300.156 Cash and cash equivalents at 31 December 2024 300,156 10
Oldham Foodbank Notes to the Flnancial Statements Perlod Ended 31 December 2024 Summary of Significant ac¢ountlng poli¢les {al General Informatlon and ba818 of preparatlon Oldham Foodbank is a charitable incorporated organisation in England I Wales. In the event of the charity being wound up, the liability in respect ofthe guarantee is limited lo £1 per member of the charity. The address of the registered office is given in the charity information on pa9e 3 of these financial staternents. The nature of the charity's operations and principal activities are a foodbank. The charity constitlrtes a public benefit entity as defined by FRS 102. The financi81 statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the FinanGial Reporting standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting standard applicable in the United Kingdom and Republic of Ireland (FRS 1021. the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concem basis under the historical cost convention, modified to include certain items at fair value. The financial slalemenls are presented in sterling which 1$ the functional currency of the charity and rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial slalements are set out below. These policles have been consistenuy applled to all years presented unless otherwise staled. (b) Fund9 Unrestricted funds are available for use at the discretion of the trustees in furtheran¢e of the general objeGtives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of ea¢h designated fund Is set out in the notes to the financial stslements. Restricted funds are funds which are to be used in accordance wlth specifi¢ restriclK)ns imposed by donors or which have been raised by the charity for particular purposes. The Cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is sel out in the notes lo the financial statements. Endowment funds represent those assets whiGh musl be held permanenuy by the charity. Income arising on the endowment fvnds Gan be used in aGcordance with the objects of the cha¥ity and is included as unrestricted income. Any capital gains or 10$5es arising on the investments form part of the fund. Investment management charges and legal advice relating to the fund are charged against the fund.
Oldham Foodbank Notes to the Financial Statements Period Ended 31 December 2024 Ic) Incomo rocognition All incoming resources are included in the Slalement of Financial A¢livilies {SoFAI when the charity is legally entitled to the income after any performance conditions have been mel, the amount can be measured reliably and it is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of perfomianc8 before entitlement can be obtained then income is deferred until those conditions are fully mel or the Sfilment of those conditions 18 within the control of the charity and it is probable that they will be fulfilled. Donated facilities and donated professional services are recognised in income al their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fairvalue is determined on the basis of the value of the gift to the charity- For example, the amount the charity would be willing to pay in the open market for such facilities and setvices. A corresponding amount is recognised in expenditure. No amount is included in the financial stalements for volunteer Ilme In line wllh the SORP. Further detail is given in the Trustees, Annual Report. Where praGticable, gifts in kind donated for distribution to the beneficiaries of the charity are included in stock and donations in the financial statements upon recelpl. Stock is valuod al the prevailing rate per kg provided by the Trussel Trust, currenuy £2.77 per kg. Gifts in kind donated for resale are included at fair value. being the expected proceeds from sale less the expected costs of sale. Vvhere estimating the fair value is practicable upon receipt it is recognised in stock and 'lncome from other trading ac'.ivities'. Upon sale. the value of the stock is chargeci against 'Incomg from other trading activities. and the proceeds are recognised as 'lncome from other trading activities.. Vlhere it is impracticable to fair value the items due to the volume of low value items they are not recognised in the financial slatem8nls until they are sold. This income is recognised within 'lncomg from other trading activities,. Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the life of the asset. For legacies. entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified lo the charity however il is not possible lo measure the amount expected lo be dislribuled. On these occasions. the legacy is treated as a contingent asset and disclosed. Income from trading activities includes income earned from fundraising events and trading activities lo raise funds for the charity. Income is received in exchange for supplying goods and seNices in order lo raise funds and is recognised when entitlement has occurred. Income from government and other grants are reGognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. Investment income is earned through holding assets for investment purposes such as shares and propety. It includes dividends. interest and rent. Where it is not practicable lo identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported nel of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity's right to receive payment is established. 12
Oldham Foodbank Notes to the Financial Statements Period Ended 31 December 2024 Icl Income recognitlon Icontinuedl other income includes the conversion of endowment funds into income which arises when capital funds are released lo an income fund from expendable endowments or when a charity has authority to adopt a total retum approach lo its pemianenl endowment fund. 11 also includes other income such as gains on dlsposals of tangible fixed assets. Idl Expendfture recognltlon All expendlture Is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or coristruclive obligation to make payments lo third parties. il is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is calegorised under the following headings.. Purchases includes costs of an¢illary items related to providing the distributions., Expenditure on ¢harilable activities includes the cost of distributable items and donated items.. and Other expenditure represents those item5 not falling into the categories above. Irrecoverable VAT Is charged as an expense against the activity for which expenditure arose. Grants payable to third parties a within the charitable objectives. Vere unconditional gmnts are offered, thls 1$ accrued as soon as the reGipient is notified of the grant. as this g¢ves rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating lo performance then the grant is only accrued when any unfulfillgj Gondilions are outside of the control of ne charity- 191 Support costs allocation Support costs are those that assist the woik of the charity but do not directly represent charitable aotivities and include office costs, governance costs, administralNe payroll costs. They are incurred directly in support of expenditure on the ogjecls of the charity and include project management carried out at Headquarters. Vvhere support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistentwilh use of the resources. Premises overheads have been allocated on an actual cost basis and other overheads have been allocated on an actual cost basis. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. lfj Tangible fixed assets Tangible fixed assets are slated al cost (or deemed costl or valuation less accumulated depreciation and accumulated Impaiment losses. Cost includes Costs diTeclly attributable lo making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated lo write off the Cost, less estimated residual value, of each asset on a systematic basls over its expected useful life as follows.. Fixtures and fittings Motor vehicles 25% on reducing balance 25% on dUcIng balance 13
Oldham Foodbank Notes tothe Financial Statsments Perlod Ended 31 December 2024 Ig) Stocks Stocks are stated at the lower of ¢ost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of Conversion and other costs incurred in bringing stock to its present lo¢alion and condition. Cost is calculated using the firsl-in, first-oul foThula. Provision is made for damaged, obsolete and slow-moving $toGk where approprtate. Donated stocks are fair valued as described in {c} above. (h) Debtorg and creditors receivable I payable within one year Debtors and creditors with no slated interest rale and recewable or payable within one year are recorded at transaction prlGe. Any losses arising from impairment are recognised in expenditure. (il Loans and borrowings Loans and borrowings are initialty recognised al the transaction price including transaction costs. Subsequently. they are measured at amortised cost using the effective interest rale method, less impaimient. If an arrangement constitutes a finance transaction il ts measured at present value. ti) Impaiment Assets not measured al fair value are reviewed for any indication that the asset may be impaired al each balance sheet dgte. If such indication exists. the recoverable amount of the asset, or the asseys cash generating unil, Is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profrt or loss unless the asset is Carried 81 a revalued amount Whe the Impairrnent1055 is a revaluation decrease. Ikl Provlslons Provisions are recognised when the Gharity has an obligation at the balance sheet datts as a result of a past event, il is probable that an oufflow of economic benefits will be required in setttement and the amixjnt can be reliably estimated. 111 Ltrases Assets acquired under finance leases are capitalised and depfecialed over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned beeen the finance charge and the dUCtion of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors. Renlais payable and receivable under operating leases are charged to the SOFA on a straight line basis over the period of the lease. lrn) Tax The charity Is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finan Act 2010 and therefore it meets the definition of a Gharilable company for UK corporation tax purposes. In) Going con¢ern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reseNes for the Charity lo be able lo continue as a going concern. 14
Oldham Foodbank Notes to the Financial Statements Period Ended 31 December 2024 Income from donatlons and lega¢ies 2Q24 Grants Donated goods for dlstribution lo beneficiaries Monetary donations 145,194 291,933 67,516 504,643 Analysis of expenditure on charltable actlvltles Charitable activities 2024 Total 2024 Food, drink & household ilens purchased for distribution 94,107 Food, drink & household items donated foi dislribL41ion 291,653 385.760 Allo¢ation of support Costs Support cost 2024 Total 2024 Rent & rates 39,782 17,437 6,645 6,489 3,152 4.021 3.842 1.069 800 1,810 2.957 2,640 5,275 2,813 Wages Volunteer expenses Insurance and telephone Printing, postage. & stationery Motor & travel Computer expenses Repairs & renewals Refuse. cleaning & recycling Sundry expenses Independent examiners remuneration Grant costs Depreciation Total 98.732 15
Oldham Foodbank Notes to the Financial Statements Perlod Ended 31 December 2024 Net Income for the period Net income is slated after charging.. 2024 Depreciation of tangible fixed assets 2,813 Trustg95' and key management personnel remuneration and expenses The trustees netiher received nor waived any remuneration during the period. The trustees did not have any expenses reimbursed during the period. Staff costs and employee benefits The average monthty number of employees and full time equivalent IFTEI during the period was 1. The total staff costs and employee benefits were as follows.. 2024 Wages and salaries Social security Defined contrlbullon pensSon costs 6.269 376 6,645 There are no employees who received total employee benefits of MO than £60,000. 16
Oldham Foodbank Notes to the Flnanclal Statements Period Ended 31 December 2024 Tangible fixed assets Fu[e5 and )lor fitbn95 vehides Total Cost or valuation- Additions 4,931 6,429 11.360 At 31 DeGember 2024 4,931 6,429 11,360 Depreciation.. Charge for the period 1,206 1,607 2,813 At 31 December 2024 1,206 1.607 2,813 Nel book value.. At 31 December 2024 3,725 4,822 8,547 Debtors 2024 Prepayments and accrued income Gift aid receivable 2,081 3.331 5.412 10 Creditors.. amounts falling due within one year 2024 Accruals and deferred income 27,759 27.759 17
Oldham Foodbank Notes to the Financial Ststements Period Ended 31 December 2024 11 Fund reconciliation Unrestricted funds Gains I Ilossesl Balance at 2024 Income Expenditure Transfers (alunrestricted (blDesignated - Financial Inclusion Proje¢t (c)Designated- ReseNe policy 504,643 (486,875} 61,768 46,000 79,536 46,000 170,000 170,000 504,643 486,875 277,768 295,536 Fund descriptlons al Unrestricted funds Funds available for the general operation of the foodbank. b) Designated funds- FinanGial Inclusion Prnje¢l Amount deslgnated lo support the Financial Inclusion Project- supporting people in crises with the aim of providing them with stability. cl Designated funds- Reserve policy The charity holds a reserve of £170K as follow5.. 1. To keep the foodbank operational during a perlod of unforeseen difficulty we have a reseNe pollcy lo segregate £170k of funds which would ensure the charity's oore activities could continue for mlnimum ofONE year. 2. Due lo the falling number of reliable volunteers we are consldering the employment of pad support staff. Amounts included under transfers late to fvnds transferred on incorporation of the foodbank to charity and ils move away from InGluslon withln the local Parfsh. 12 Analysis of net a$sets between funds Unreslrktsd fund5 DEspan•led lunds R*tii¢ted EndwmKnt fund5 lthids Total 2024 2024 2024 2024 2024 Fixed assets Cash and current investments Other current assets Creditors due within one year 8,547 84,157 216,000 14.591 {27,7591 8.547 300,157 14,591 127,759} Total 79.536 216.000 295,536 18
Oldham Foodbank Notes to the Financial Statsments Period Ended 31 December 2024 13 Reconcillation of net Income to net ¢a$h flow from operatlng actlvities 2024 Nel income for period 17.768 Interest payable Depreciation and impairment of tangible fixed assets (Increase) in stock (Increase) in debtors Increase in creditors 2,813 19,1791 {5,4121 27,759 Net cash flow from operating activities 33,749 14 Penslons and other post-tIreMent ljenefits al Defined contribution pension plans The charity operates a defined contribution pep.sion plan for ils employees. The amount recognised as an expense in the period was £376. The defined contribution liability is allocated to UnstrIGted funds and support costs 15 Related party transactions There are no related paty Iransactlons during the period. 19