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2023-12-31-accounts

Charity registration number 328273

Company registration number 02394988 (England and Wales)

FOOD FOR THE HUNGRY UK

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOOD FOR THE HUNGRY UK

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Mr S P Herbert Mr M Josten Mr M A Viso Mr Peter Mawditt

(Appointed 20 March 2023)

Secretary Mr M Josten Charity number 328273 Company number 02394988 Registered office 15 Palace Street NORWICH Norfolk United Kingdom NR3 1RT Independent examiner Argents Accountants Limited 15 Palace Street NORWICH Norfolk United Kingdom NR3 1RT

FOOD FOR THE HUNGRY UK

CONTENTS

Page
Trustees' report 1 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 11 - 20

FOOD FOR THE HUNGRY UK

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees , who are also directors of the charity present their report and financial statements for the year ended 31 December 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Deed of Trust, the Companies Act 2006 and "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)".

The trustees would like again to take this opportunity to thank all the supporters of FH-UK for their prayers and generous gifts of time and money and the staff and volunteers in the UK and overseas for sacrificially sharing their lives with the needy.

Objectives and activities

Food for the Hungry (FH-UK) is a Christian organisation committed to working with poor people to overcome hunger and poverty. We work with Food for the Hungry Inc. and Food for the Hungry Association to channel our support through a single international implementation arm to Country offices in over 19 of the world's poorest countries.

FH-UK seeks to create public benefit and to share the love of Christ by raising funds for FH work overseas and through informing and engaging people in the UK about the causes of physical and spiritual hunger and poverty, sharing its vision of community and the appropriate Christian responses to all forms of poverty.

FH-UK continues to facilitate the visit of teams from this country to FH field locations. Teams number 2-15 people, and are generally of approximately 1-2 weeks' duration.

FH-UK also seeks to create public benefit by raising funds to support the work of individuals who are prepared to live among the poorest communities overseas, where their skills provide significant benefit to the local population. Overseas staff are engaged in raising financial support from churches and from family and friends, with the assistance and facilitation of FH-UK, to cover their secondment costs.

FH-UK and FHA conduct their programmes without discrimination by politics, religion, disability or gender.

FH-UK maintains contact with other British Non-Governmental Development Organisations through membership of BOND (the British Overseas NGOs in Development).

Main specific objectives for the year included:

Public benefit

The trustees have complied with their duty to have due regard to the Charities Commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

FOOD FOR THE HUNGRY UK

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Staff and Volunteers

The charity had one part-time employee and a contractor who assisted in the securing of grants from trusts and governmental sources. The roles carried out in 2023 by our staff, volunteers and contractor and the approximate percentage of a full-time position these represented are as follows:

  1. CEO/Programme Manager 100%

  2. Trust and Foundation Fundraiser 40%

  3. Trust and Foundation Fundraiser 40%

  4. Project Manager 20%

  5. Book-keeper 30%

  6. Child Sponsorship communicator 60%

Strategic report

During the course of 2023, it was agreed that governance of the charity would change. Specifically, Food for the Hungry Inc. would become the sole member for Food for the Hungry UK. The UK charity would be structured as a subsidiary of Food for the Hungry Inc. to the extent that is possible under UK charity law. Revised memorandum and articles of association were adopted by the trustees on 12 January 2024.

Achievements and performance

Field activities and UK Government (UK Aid Direct) funding

UK Government funding was unavailable for the financial year 2023 for international development in general, which affected our ability to fund new projects.

Country Activities

Kenya

The long-term sponsorship of the Buuri Cluster of communities in Kenya continued to progress well during the year. Particular areas of focus have been conservation agriculture reflecting the impact of climate change and drought and early childhood education.

Bangladesh

FH-UK continues to support the activities of FH Bangladesh in delivering their Community Transformation programme. This programme is run in particularly vulnerable and disadvantaged communities where women are deprived and mistreated. The primary tool within this programme is running local learning and savings groups, each helping to empower 12-20 women to realise their potential and, through economic development, lift their families out of poverty.

The fisheries (fish-farming) project funded by the Faroe Islands aid programme successfully completed its first year and most of its second year (which will be complete by the end of February 2024). Further funding is being sought for a 3[rd] and final year of operation.

Burundi

Mwumba Is one of the poorest communities in northern Burundi and FH-UK has been supporting a longterm, small-scale development project there since 2010. Following a full strategic review of the project in 2018, it was agreed to substantially increase the support to this community from 2019 onwards. Since then, there has been a significant increase in the scale of the project and the financial commitment required to underpin this. Increasing the scale of the project delivers greater economies of scale and improves the efficiency of the resources employed, enabling our programme to have an impact on a significant proportion of the community. The aim is that the whole community can graduate to a selfsustaining position by September 2024.

FOOD FOR THE HUNGRY UK

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Uganda

In Uganda, our activities have been focused on girls’ education and WASH projects in northern Uganda. Three online hubs have been established. These include IT equipment, to enable schools to access learning materials from the National Curriculum for Development Centre, connect with other teachers at high-performing schools and enable teachers to connect with and continue teaching pupils during weekends and holidays. Utilising these online hubs, a holiday teaching programme was conducted in each of the target schools during school holidays. Life skills and vocational training were also conducted with beneficiary girls. Materials were provided to make re-usable sanitary pads and the girls were advised about management of menstrual health. Follow-up by teachers indicates that girls are more willing and able to attend school during their

Overseas Staff

Tom MacGregor has continued his multi-year assignment in Rwanda. The organisation which he set up while supported as SIS by FH-UK, Azizi Life, operates independently of FH and Tom's personal support has been funded from other sources since December 2022. Hence, no SIS staff were supported by FHUK during 2023.

UK Staff

The charity benefited from the support of a number of part-time or full-time volunteers with the UK administration of Child Development Programmes, the organisation of team visits, applications for grants from Governments and Trusts and the day-to-day management of the Charity's finances. A consultant continued to be contracted during 2023, supported until 17[th] November by a part-time employee, to help with applications to Trusts and Foundations and governmental sources of funding.

Fundraising activities:

Income rose substantially in 2023, to £741,391 from £451,697 in 2023. The increase primarily reflected a higher success rate in grants from Trusts and Foundations.

During the year, the supporters who gave to the charity, either by standing order or direct debit, provided an average monthly contribution of £7,224 (excluding Gift Aid), compared to £8,188 (excluding Gift Aid) in 2023.

The income raised for major projects in 2023 was as set out below:

Burundi Mwumba
Rwanda - reconciliation
Buuri Livelihoods
Buuri - Early childhood Development
Lamwo Uganda Girls' Education
Bangladesh - GOAC
Bangladesh Fisheries
Bangladesh Taltoli livelihoods
Uganda Labworoyeng Water Project
Other income		 £
148,244
26,250
162,434
47,711
26,808
32,500
75,318
46,300
81,175
94,651
741,391

Financial review

At the year ended 31 December 2023 the Charity's reserves stood at £110,736. This figure is considered consistent with meeting the objectives set out by the trustees above.

The results of the company for the year ended 31 December 2023 are set out in the attached financial statements drafted in accordance with the Companies Acts.

FOOD FOR THE HUNGRY UK

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT AND STRATEGIC REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

Reserve policy

Generally the trustees do not seek to hold large reserves. Historically the trustees have considered it prudent to retain sufficient reserves to enable the charity to operate for 1-2 years on regular but lower levels of income. In addition the trustees hold additional reserves to fund new income raising opportunities and to manage short-term fluctuations in the funding of individual projects. This policy was maintained in 2023 based on the Charity's current administrative cost base.

Investment policy and objectives.

There are no investments of the company, other than savings and deposit accounts that provide ready access to the funds.

The policy of the company is:

  1. Monies must not be invested in any instrument where ethical or reputational issues are contrary to the values of FH-UK or FH.

  2. The principal or capital amounts invested must not be at risk.

Risk management

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Risk Management Policy:

A comprehensive review of risks is undertaken by the Finance and Risk Sub- Committee and documented in a Risk Register. This register also identifies key risks to be managed, together with a Risk Mitigation Action plan. It was reviewed by the Board of Trustees during 2023.

Key risks that have been identified include:

Employer’s Liability, Public Liability and Legal Expenses have been insured under a Charity Connect policy with Ansvar Insurance.

Plans for future periods

Programmes

Board

The Trustees agreed, in their meetings during the year, that the current operating model is unsustainable because of the difficulty of replenishing the team with suitably qualified volunteers, and because of changes in the overall FHA funding model.

In consultation with FHA, and following legal advice regarding UK Charity Law, new Articles of Association were drafted and approved. These will take effect from 1[st] April 2024 and will have the effect of establishing FHI as the sole Member of FH-UK, with Trevor Maisiri (Senior Strategy Director, FHI) as CEO. Current programme commitments will continue to be honoured until their completion.

FOOD FOR THE HUNGRY UK

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

The Board of FH-UK has determined that the following will be the principal ways that FH-UK will aim to create public benefit:

For 2024, the key areas of focus will be:

  1. Develop a new strategy for FH-UK which will is compatible with the FHA strategy.

  2. Maintaining and developing our relationship with GOAC and Faroe Islands, and establishing a relationship with JOAC

  3. Being ready to apply for further grants if applications for new programmes are invited by the FCDO

  4. Identifying and securing new sources of project funding

  5. Supporting and expanding the scope of the programmes with communities in the region of Mwumba in Burundi and the Buuri cluster of communities in Kenya.

Structure, governance and management

The charity is controlled by its governing document, a Deed of Trust, and constitutes a Limited Company, limited by guarantee, as defined by the Companies Act 2006.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr S P Herbert Mr M Josten Mr M A Viso Mrs R Kayombo (Resigned 20 December 2023) Mr Peter Mawditt (Appointed 20 March 2023)

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

FOOD FOR THE HUNGRY UK

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT AND STRATEGIC REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

FH-UK has a Board of Trustees that meet a minimum of three times a year, one of those meetings being the Annual General Meeting. All directors of the company are also trustees of the charity. The Board has the power to appoint additional trustees as it considers fit. The number of trustees is not subject to any maximum, but may not be less than three.

In 2015 the Board of Trustees established the Finance and Risk Sub-Committee whose remit is to review and report back to the Board of Trustees on the Financial controls of the charity, longer term financial projections for the charity and the management of risk.

The experience and skill base of the four trustees covers the following: Board membership for up to 20 years including one past or current member of the international executive team of FH, FH international Field Office experience, FH international Financial Management, preparing and leading team visits to the Field, organisational development, planning and management.

The trustees continue to review all strategic and organisational development plans and key operational decisions presented to them by the Chief Executive.

In 2023, there was one part-time salaried employee whose role is to make grant applications on behalf of the Charity. Mr Ian Johnson (Chief Executive) and a number of part-time or full-time volunteers provide support to FH-UK on an unpaid basis.

The responsibility of the Chief Executive and other volunteers is to execute the strategic plan agreed with the Board of Trustees. The principal purpose of FH-UK is to stimulate British support in the form of funds, people and prayer for the operation of FH's international relief and development activities.

Wider network: links with Food for the Hungry Association (FH)

FHA, a not-for-profit association incorporated in Geneva, Switzerland, maintains programmes in over 19 of the world's poorest countries, with international field staff numbering about 3000, mostly locally employed. FH-UK, together with FHA and each of the other nationally-based organisations, has chosen to affiliate with an international covenant of common vision, principles and systems of working together.

Centred in and motivated by Christ, the international covenant of Food for the Hungry organisations is commitment to working with poor people to overcome both physical and spiritual hunger and poverty worldwide. The primary emphasis is on long-term development among the extremely poor, recognising their dignity, creativity and ability to solve their own problems.

In 2023, Mark Viso (President and CEO of FHA) served on the Board of FH-UK. In June 2022, Rudo Kayombo (Chief Operating Officer of FHA until the end of 2022) continued as a Trustee of FH-UK thoughout 2023. She resigned from the FH-UK Board, owing to other commitments, at the end of the year.

The trustees' report, including the strategic report, was approved by the Board of Trustees.

Mr M Josten Trustee

21 March 2024

FOOD FOR THE HUNGRY UK

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FOOD FOR THE HUNGRY UK

I report to the trustees on my examination of the financial statements of Food For The Hungry UK (the charity) for the year ended 31 December 2023.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’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 I am qualified to undertake the examination because I am a member of [ENTER IN DATABASE cy1015], which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Mark Johnstone FCA

Argents Accountants Limited 15 Palace Street NORWICH Norfolk NR3 1RT United Kingdom

Dated: 26 March 2024

FOOD FOR THE HUNGRY UK

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income from:
Donations and legacies
3
32,648
696,303
Charitable activities
4
6,500
-
Investments
5
5,940
-
Total income
45,088
696,303
Expenditure on:
Raising funds
6
38,528
-
Charitable activities
7
2,421
703,803
Other expenditure
13
71
-
Total expenditure
41,020
703,803
Net income/(expenditure)
4,068
(7,500)
Transfers between
funds
(7,500)
7,500
Net movement in
funds
(3,432)
-
Reconciliation of funds:
Fund balances at 1 January
2023
114,168
-
Fund balances at 31
December 2023
110,736
-		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
728,951
49,696
392,198
6,500
9,000
-
5,940
803
-
741,391
59,499
392,198
38,528
40,647
-
706,224
7,799
393,893
71
-
-
744,823
48,446
393,893
(3,432)
11,053
(1,695)
-
(1,695)
1,695
(3,432)
9,358
-
114,168
104,810
-
110,736
114,168
-		 Total
2022
£
441,894
9,000
803
451,697
40,647
401,692
-
442,339
9,358
-
9,358
104,810
114,168

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

FOOD FOR THE HUNGRY UK

BALANCE SHEET

AS AT 31 DECEMBER 2023

Notes
Fixed assets
Tangible assets
15
Current assets
Debtors
16
Cash at bank and in hand
Creditors: amounts falling due within
one year
17
Net current assets
Total assets less current liabilities
The funds of the charity
Unrestricted funds		 2023
£
27,308
535,076
562,384
451,648		 £
-
110,736
110,736
110,736
110,736		 2022
£
4,987
652,371
657,358
543,261		 £
71
114,097
114,168
114,168
114,168

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2023.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The financial statements were approved by the trustees on 21 March 2024

Mr S P Herbert

Trustee

Company registration number 02394988 (England and Wales)

FOOD FOR THE HUNGRY UK

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
Cash flows from operating activities
Cash (absorbed by)/generated from
operations
21
Investing activities
Investment income received
Net cash generated from investing
activities
Net cash used in financing activities
Net (decrease)/increase in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2023
£
£
(123,235)
5,940
5,940
-
(117,295)
652,371
535,076		 2022
£
803		 £
103,389
803
-
104,192
548,179
652,371

FOOD FOR THE HUNGRY UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

Charity information

Food For The Hungry UK is a private company limited by guarantee incorporated in England and Wales. The registered office is 15 Palace Street, NORWICH, Norfolk, NR3 1RT, United Kingdom.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

FOOD FOR THE HUNGRY UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

1.5 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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Charitable expenditure comprises grants made to fund the overseas work of FH as well as the costs incurred by the charity in making the grants, recruiting and sending appropriate people to assist where needed and informing people in the UK about the causes of physical and spiritual hunger and poverty, and about appropriate Christian responses.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers 30% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

FOOD FOR THE HUNGRY UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Taxation

The charity is exempt from corporation tax on its charitable activities.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Foreign exchange

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

FOOD FOR THE HUNGRY UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2023
2023
£
£
Donations and gifts
32,648
180,492
Project Support Grants
-
515,811
32,648
696,303		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
213,140
49,696
211,480
515,811
-
180,718
728,951
49,696
392,198		 Total
2022
£
261,176
180,718
441,894

4 Charitable activities

Core
Core
activities activities
2023 2022
£ £
Other income 6,500 9,000
Income from investments
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Interest receivable 5,940 803
Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Fundraising and publicity
Fundraising consultancy 4,250 14,500
Advertising 1,555 500
Staff costs 16,958 17,956
Support costs 15,765 7,691
38,528 40,647

5 Income from investments

FOOD FOR THE HUNGRY UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

7 Expenditure on charitable activities

Direct costs
Travel and motor expenses
Meeting expenses
Team costs
Bank charges
Grant funding of activities (see note 9)
Share of support and governance costs (see note 10)
Support
Analysis by fund
Unrestricted funds
Restricted funds - general		 FH
2023
£
-
-
-
1,724
1,724
703,803
-
705,527
1,724
703,803
705,527		 Visits
2023
£
585
112
-
-
697
-
-
697
697
-
697		 Total
2023
£
585
112
-
1,724
2,421
703,803
-
706,224
2,421
703,803
706,224		 FH
2022
£
-
-
9,785
1,900
11,685
377,952
-
389,637
1,900
387,737
389,637		 SIS
2022
£
-
-
-
-
-
6,156
916
7,072
916
6,156
7,072		 Visits
2022
£
4,685
298
-
-
4,983
-
-
4,983
4,983
-
4,983		 Total
2022
£
4,685
298
9,785
1,900
16,668
384,108
916
401,692
7,799
393,893
401,692

FOOD FOR THE HUNGRY UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

8 Description of charitable activities

FH

Grant making to Food For The Hungry projects

SIS

Seconded International staff and team support

Visits

Food For The Hungry meeting and project attendance and Seconded International Staff visits.

9 Grants payable

Grants to institutions:
Prog. Support - Bangladesh GOAC
Prog. Support - Bangladesh Fishing Project
Faroe Islands
Prog. Support - Bangladesh Taltoli
Livelihoods
Prog. Support - Kenya
Prog. Support - Rwanda
Prog. Support - Uganda
Catalogue Gifts
Emergency Relief
Girls Education Uganda
Community Partnership - Buuri, Kenya
Child Focussed Community Transformation
Bangladesh
Community Partnership - Mwumba, Burundi
Other Child Sponsorship - various
Rwanda Azizi Life
Mustard Seed Shared
Other
Grants to individuals		 FH
2023
£
32,500
75,318
46,300
210,145
26,250
97,855
472
2,250
26,808
-
13,667
148,244
21,589
2,000
405
-
703,803
-
703,803		 Total
2023
£
32,500
75,318
46,300
210,145
26,250
97,855
472
2,250
26,808
-
13,667
148,244
21,589
2,000
405
-
703,803
-
703,803		 FH
2022
£
45,000
-
-
62,308
-
-
412
12,528
22,185
5,278
19,345
138,043
30,448
42,000
405
-
377,952
-
377,952		 SIS
2022
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
6,156
6,156		 Total
2022
£
45,000
-
-
62,308
-
-
412
12,528
22,185
5,278
19,345
138,043
30,448
42,000
405
-
377,952
6,156
384,108

FOOD FOR THE HUNGRY UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

10 Support costs allocated to activities

Depreciation
Employer's liability insurance
Phone, print, post & stationery
Sundries
Governance costs
Analysed between:
Fundraising
SIS		 2023
£
-
1,969
3,253
463
10,080
15,765
15,765
-
15,765		 2022
£
30
1,691
3,569
1,397
1,920
8,607
7,691
916
8,607

11 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

During 2023 donations received included £17,280 in aggregate from trustees or organisations to which trustees are related parties.

12 Employees

The average monthly number of employees during the year was: 1

2023 2022
Number Number
Employees 1 1
Employment costs 2023 2022
£ £
Wages and salaries 16,958 17,956

There were no employees whose annual remuneration was more than £60,000.

FOOD FOR THE HUNGRY UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

13 Other expenditure

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Net loss on disposal of tangible fixed assets 71 -
71 -

14 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

15 Tangible fixed assets

Tangible fixed assets
At 1 January 2023
Disposals
At 1 January 2023
Eliminated in respect of disposals
Carrying amount
At 31 December 2022
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
Creditors: amounts falling due within one year
Other creditors
Accruals and deferred income		 Computers
£
1,025
(1,025
954
(954
71
2023
2022
£
£
2,859
3,018
24,449
1,969
27,308
4,987
2023
2022
£
£
447,988
535,341
3,660
7,920
451,648
543,261
2022
£
3,018
1,969
4,987
2022
£
535,341
7,920
543,261

16 Debtors

17 Creditors: amounts falling due within one year

FOOD FOR THE HUNGRY UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

18 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Balance at
1 January 2022
r
£
FH Projects
-
Seconded International Staff
-
Mustard Seed Shared
-
Rwanda Azizi Life
-
-		 Movement in funds
Incoming
esources
Resources
expended
£
£
343,637
(345,332)
6,156
(6,156)
405
(405)
42,000
(42,000)
392,198
(393,893)		 Transfers
Balance at
1 January 2023
r
£
£
1,695
-
-
-
-
-
-
-
1,695
-		 Movement in funds
Incoming
esources
Resources
expended
£
£
693,898
(701,398)
-
-
405
(405)
2,000
(2,000)
696,303
(703,803)		 Transfers
Balance at
31 December
2023
£
£
7,500
-
-
-
-
-
-
-
7,500
-		 Transfers
Balance at
31 December
2023
£
£
7,500
-
-
-
-
-
-
-
7,500
-
-

As shown above restricted fund balances as at 31 December 2023 are £nil.

Of the £535,076 held in the bank at the year end £447,988 was in respect of restricted funds, being amounts owed, pledged or promised and included within restricted fund other creditors as at 31 December totalling the same amount and split as follows:

Food for the Hungry Association
Seconded International Staff
Mustard Seeds Shared
Rwanda Azizi Life		 2023
£
447,988
-
-
-
447,988

As a result Net Assets held in the balance sheet in relation to restricted funds as at 31 December 2023 totalled £nil.

FOOD FOR THE HUNGRY UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

19 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1
General funds
Previous year:
At 1
General funds		 January
2023
Incoming
resources
Resources
expended
Transfers
At 31
December
2023
£
£
£
£
£
114,168
45,088
(41,020)
(7,500)
110,736
January
2022
Incoming
resources
Resources
expended
Transfers
At 31
December
2022
£
£
£
£
£
104,810
59,499
(48,446)
(1,695)
114,168

20 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

21 Cash generated from operations

Cash generated from operations
2023
£
(Deficit)/surpus for the year
(3,432)
Adjustments for:
Investment income recognised in statement of financial activities
(5,940)
Loss on disposal of tangible fixed assets
71
Depreciation and impairment of tangible fixed assets
-
Movements in working capital:
(Increase)/decrease in debtors
(22,321)
(Decrease)/increase in creditors
(91,613)
Cash (absorbed by)/generated from operations
(123,235)		 2022
£
9,358
(803)
-
30
4,958
89,846
103,389