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2024-09-30-accounts

Charity registration number 328273 (England and Wales) Company registration number 02394988

FOOD FOR THE HUNGRY UK

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2024

FOOD FOR THE HUNGRY UK

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

M Viso T Alqassis E Sibanda

(Appointed 1 April 2024) (Appointed 8 April 2024)

Charity number (England and Wales) 328273

Company number 02394988

Registered office

Auditor

15 Palace Street NORWICH Norfolk United Kingdom NR3 1RT

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

FOOD FOR THE HUNGRY UK

CONTENTS

Page
Trustees' report 1 - 4
Statement of trustees' responsibilities 5
Independent auditor's report 6 - 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 20

FOOD FOR THE HUNGRY UK

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) FOR THE PERIOD ENDED 30 SEPTEMBER 2024

The trustees , who are also directors of the charity present their report and financial statements for the Period ended 30 September 2024.

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 FH 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 conducts its programmes without illegal discrimination

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.

Staff and Volunteers

The charity's all-volunteer staff resigned in 2024 and graciously transitioned operations to Food for the Hungry Inc. staff. The Charity maintained one external bookkeeper.

Strategic report

Revised memorandum and articles of association were adopted by the trustees on 12 January 2024, which state that Food for the Hungry, Inc. (FHI) is the sole corporate member of FH UK. On 13 February 2025, the trustees adopted the strategic goal to pivot towards growth while ensuring alignment with FHI.

Achievements and performance

Field activities and UK Government (UK Aid Direct) funding

Funding was limited for the financial year 2024 for international development in general, which affected our ability to fund new projects.

FOOD FOR THE HUNGRY UK

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2024

Country Activities

Bangladesh

In FY24, FH Bangladesh successfully implemented the fisheries project funded through FH UK. This intervention reached many households with improved nutrition and increased their household incomes from the sale of fish. Families participating in this intervention were trained and supported to access improved fish breeds that increased their production and sales in this period. The support from FH ensures that fish farmers are successfully connected to the markets to improve their sales and therefore household incomes.

Burundi

In Burundi, FH UK support ensured that the community of Mwumba continued to participate in training members of savings and credit groups on entrepreneurship in an effort to transition these savings groups to small businesses that help grow their household incomes. In addition, lead farmers were successfully trained on climate-smart agriculture and received Calliandra agroforestry seeds upon completion of their training to help protect their land from soil erosion and add to the soil vital minerals to increase the soil productivity and therefore increase yields for increased incomes.

Uganda

In Uganda, FH UK improved access to clean and potable water for over 406 students and their community and thus significantly reducing the incident of waterborne diseases for 480 households. FH UK support provided needed funding to install a piped water system and thus ensuring a sustainable supply of potable water for the community and school of Labworeng. In addition, the community accessed social behavior change communication to ensure that they improve their hygiene practices.

UK Staff

The charity's all-volunteer UK based staff resigned in 2024 and graciously assisted with the transition of FH-UK operations to Food for the Hungry Inc. staff.

Fundraising activities:

Income decreased in 2024 to £208,406 from £741,391 in 2023. However 2024 is for a 9 month period only.

The income raised for major projects in 2024 was as set out below:

Child
Focussed
Community Transformation -
Burundi
Better Tomorrow Project - Burundi Mwumba
Kenya
Bangladesh - GOAC
Bangladesh Fisheries
Bangladesh
Emergency relief
Catalogue gifts
Child Focussed Community Transformation - Other
Teams		 £
44,601
15,176
2,934
24,750
49,191
10,440
45
18
11,957
21,788
180,900

Financial review

At the Period ended 30 September 2024 the Charity's reserves stood at £20,913. This figure is considered consistent with meeting the objectives set out by the trustees above.

The results of the company for the Period ended 30 September 2024 are set out in the attached financial statements drafted in accordance with the Companies Acts.

FOOD FOR THE HUNGRY UK

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

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 2024 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.

Charity and Community insurance has been secured through Ansvar Insurance.

Plans for future periods

Programmes

Board

Revised memorandum and articles of association were adopted by the trustees on 12 January 2024, which state that Food for the Hungry, Inc. (FHI) is the sole corporate member of FH UK. Three board members resigned in March 2024 and two new trustees were appointed in April 2024. Trevor Maisiri (FHI Chief Impact & Innovation Officer) was appointed President of FH UK.

At the trustee meeting on 13 February 2025, the trustees adopted the strategic goal to pivot towards growth while ensuring alignment with FHI. The trustees agreed that FH UK’s strategic priorities would be (1) to leverage FHI existent capabilities to enter/grow in the private and public funding space in the UK (July 2025 – Sept. 2027), and (2) to explore new capabilities/markets in the UK informed by FHI’s ReIMAGINE FH journey (FY26-27).

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 Period and up to the date of signature of the financial statements were:

S Herbert (Resigned 1 April 2024)
M Josten (Resigned 31 March 2024)
M Viso
P Mawditt (Resigned 1 April 2024)
T Alqassis (Appointed 1 April 2024)
E Sibanda (Appointed 8 April 2024)

FOOD FOR THE HUNGRY UK

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2024

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.

FH-UK has a Board of Trustees. There shall be at least three Trustees, of which at least two must be Independent Trustees. All directors of the company are also trustees of the charity. The Chair or any two Trustees may call a Trustees’ meeting. The Trustees may decide the quorum from time to time, but it must never be less than two.

The experience and skill base of the three trustees covers the following: Board membership and executive leadership for more than 20 years, including international 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. 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 UK support in the form of funds people and prayer for the operation of FH's international relief and development activities."

Wider network: links with FH Association (FHA)

FHA, a not-for-profit association incorporated in Geneva, Switzerland, maintains programmes in over 19 of the countries most affected by poverty, 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 people affected by poverty 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.

Mark Viso (President and CEO of FHA and FHI) continues to serve as a trustee. Trevor Maisiri (FHI and FHA Chief Impact & Innovation Officer) was appointed President of FH UK.

Auditor

In accordance with the company's articles, a resolution proposing that Argents Audit Services Limited be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

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

M Viso Trustee

23 July 2025

FOOD FOR THE HUNGRY UK

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE PERIOD ENDED 30 SEPTEMBER 2024

The trustees, who are also the directors of Food For The Hungry UK for the purpose of company law, are responsible for preparing the Trustees' 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 Period which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that Period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

FOOD FOR THE HUNGRY UK

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF FOOD FOR THE HUNGRY UK

Opinion

We have audited the financial statements of Food For The Hungry UK (the ‘charity’) for the Period ended 30 September 2024 which comprise the statement of financial activities, the balance sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

FOOD FOR THE HUNGRY UK

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF FOOD FOR THE HUNGRY UK

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we considered the following:

FOOD FOR THE HUNGRY UK

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF FOOD FOR THE HUNGRY UK

Audit response to risks identified

Our procedures to respond to risks identified included the following:

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Other matters

The financial statements for the prior period were not audited.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Mek. Nita

Mark Johnstone (Senior Statutory Auditor)

For and on behalf of Argents Audit Services Limited, Statutory Auditor

Chartered Accountants

15 Palace Street NORWICH Norfolk NR3 1RT United Kingdom 24 July 2025

FOOD FOR THE HUNGRY UK

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
24,187
180,900
Charitable activities
4
-
-
Investments
5
3,319
-
Total income
27,506
180,900
Expenditure on:
Raising funds
6
22,754
-
Charitable activities
7
4,575
270,900
Other expenditure
15
-
-
Total expenditure
27,329
270,900
Net income/(expenditure)
177
(90,000)
Transfers between
funds
(90,000)
90,000
Net movement in
funds
11
(89,823)
-
Reconciliation of funds:
Fund balances at 1 January
2024
110,736
-
Fund balances at 30
September 2024
20,913
-		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
205,087
32,648
696,303
-
6,500
-
3,319
5,940
-
208,406
45,088
696,303
22,754
38,528
-
275,475
2,421
703,803
-
71
-
298,229
41,020
703,803
(89,823)
4,068
(7,500)
-
(7,500)
7,500
(89,823)
(3,432)
-
110,736
114,168
-
20,913
110,736
-		 Total
2023
£
728,951
6,500
5,940
741,391
38,528
706,224
71
744,823
(3,432)
-
(3,432)
114,168
110,736

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

FOOD FOR THE HUNGRY UK

BALANCE SHEET

AS AT 30 SEPTEMBER 2024

Notes
Current assets
Debtors
17
Cash at bank and in hand
Creditors: amounts falling due within
one year
18
Net current assets
The funds of the charity
Unrestricted funds
20		 2024
£
8,838
105,850
114,688
(93,775)		 2023
£
£
27,308
535,076
562,384
(451,648)
20,913
20,913
20,913		 £
110,736
110,736
110,736

The financial statements were approved by the trustees on 23 July 2025

M Viso

Trustee

Company registration number 02394988 (England and Wales)

FOOD FOR THE HUNGRY UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2024

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 Reporting period

The reporting period of Food For The Hungry UK changed and as a result the annual financial statements are presented for a period shorter than one year, this is to align the year end with the US controlling party. As a result the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.2 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" 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)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements included information solely relating to the individual company. The company is controlled by Food For the Hungry, a company registered in Arizona , USA

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.

1.3 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.

1.4 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.

1.5 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.

FOOD FOR THE HUNGRY UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1 Accounting policies

(Continued)

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.

1.6 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.

1.7 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.

1.8 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.

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.

FOOD FOR THE HUNGRY UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1 Accounting policies

(Continued)

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.

1.9 Taxation

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

1.10 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.

1.11 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 PERIOD ENDED 30 SEPTEMBER 2024

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
24,187
106,959
Grants
-
73,941
24,187
180,900		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
131,146
32,648
180,492
73,941
-
515,811
205,087
32,648
696,303		 Total
2023
£
213,140
515,811
728,951

4 Income from charitable activities

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Core activities
Other income - 6,500
Income from investments
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Interest receivable 3,319 5,940
Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Fundraising and publicity
Fundraising agents 500 4,250
Advertising 510 1,555
Staff costs - 16,958
Support costs 21,744 15,765
22,754 38,528

5 Income from investments

6 Expenditure on raising funds

FOOD FOR THE HUNGRY UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2024

7
Expenditure on charitable activities
FH
2024
£
Direct costs
Travel and motor
expenses
-
Meeting expenses
-
Team costs
-
Bank charges
1,200
1,200
Grant funding of activities
(see note 9)
249,112
250,312
Analysis by fund
Unrestricted funds
1,200
Restricted funds - general
249,112
250,312		 Visits
2024
£
3,375
-
21,788
-
25,163
-
25,163
3,375
21,788
25,163		 Total
2024
£
3,375
-
21,788
1,200
26,363
249,112
275,475
4,575
270,900
275,475		 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

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.

FOOD FOR THE HUNGRY UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2024

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 - Bangladesh
Better Tomorrow Project - Burundi
Catalogue Gifts
Emergency Relief
Girls Education Uganda
Child Focussed Community Transformation - Burundi
Child Focussed Community Transformation - Bangladesh
Community Partnership - Mwumba, Burundi
Child Focussed Community Transformation - other
Rwanda Azizi Life
Mustard Seed Shared
Other
Grants to individuals		 FH FH
2024
£
24,750
99,191
-
2,934
-
-
15,176
18
45
-
84,601
10,440
-
11,957
-
-
-
249,112
-		 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
-

10 Support costs allocated to activities

Employer's liability insurance
Phone, print, post & stationery
Sundries
Governance costs
Analysed between:
Fundraising		 2024
£
1,756
2,488
85
17,415
21,744
21,744		 2023
£
1,969
3,253
463
10,080
15,765
15,765

FOOD FOR THE HUNGRY UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2024

11
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Loss on disposal of tangible fixed assets
12
Auditor's remuneration
Fees payable to the charity's auditor and associates:
For audit services
Audit of the financial statements of the charity		 2024
£
-
2024
£
6,000		 2023
£
71
2023
£
-

13 Trustees

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

14 Employees

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

2024 2023
Number Number
Employees - 1
Employment costs 2024 2023
£ £
Wages and salaries - 16,958

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

15 Other expenditure

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Net loss on disposal of tangible fixed assets - 71
- 71

16 Taxation

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

FOOD FOR THE HUNGRY UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2024

17
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
18
Creditors: amounts falling due within one year
Other creditors
Accruals and deferred income		 2024
£
8,838
-
8,838
2024
£
86,114
7,661
93,775		 2023
£
2,859
24,449
27,308
2023
£
447,988
3,660
451,648

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. Movement in funds
Movement in funds		 Balance at
Incoming
Resources
Transfers
Balance at
Incoming
Resources
Transfers
Balance at		 1 January 2023
resources
expended
1 January 2024
resources
expended
30 September		 2024 £
£
£
£
£
£
£
£
£		 FH Projects
-
693,898
(701,398)
7,500
-
180,900
(270,900)
90,000
-		 Mustard Seed Shared
-
405
(405)
-
-
-
-
-
-		 Rwanda Azizi Life
-
2,000
(2,000)
-
-
-
-
-
-		 -
696,303
(703,803)
7,500
-
180,900
(270,900)
90,000
-		 As shown above restricted fund balance as at 31 December 2024 are £nil. Of the £105,850 held in the bank at the year end £86,114 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: 2024
2023		 £
£		 Food for the Hungry Association
86,114
447,988		 Seconded International Staff
-
-		 Mustard Seeds Shared
-
-		 Rwanda Azizi Life
-
-		 86,114
447,988		 As a result Net Assets held in the balance sheet in relation to restricted funds as at 31 December 2024 totalled £nil.
19

FOOD FOR THE HUNGRY UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2024

20 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
2024
Incoming
resources
Resources
expended
Transfers
At 30
September
2024
£
£
£
£
£
110,736
27,506
(27,329)
(90,000)
20,913
January
2023
Incoming
resources
Resources
expended
Transfers
At 31
December
2023
£
£
£
£
£
114,168
45,088
(41,020)
(7,500)
110,736

21 Related party transactions

There were no disclosable related party transactions during the Period (2023 - none).

22 Cash absorbed by operations
Cash absorbed by operations 2024 2023
£ £
Deficit for the Period (89,823) (3,432)
Adjustments for:
Investment income recognised in statement of financial activities (3,319) (5,940)
(Gain)/loss on disposal of tangible fixed assets - 71
Movements in working capital:
Decrease/(increase) in debtors 18,470 (22,321)
(Decrease) in creditors (357,873) (91,613)
Cash absorbed by operations (432,545) (123,235)