Company registration number: NI623376 Charity registration number: 100601
Ballymoney Foodbank Limited
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2023
NBAS Chartered Accountants C/o NBAS Chartered Accountants 17 Carnmoney Road, Glengormley Newtownabbey BT36 6HL
Ballymoney Foodbank Limited
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 to 8 |
| Statement of Cash Flows | 9 |
| Notes to the Financial Statements | 10 to 19 |
Ballymoney Foodbank Limited
Reference and Administrative Details
Charity Registration Number 100601 Company Registration Number NI623376 Registered Office Unit 10, 41 Ballymena Road Ballymoney BT53 7EX Independent Examiner NBAS Chartered Accountants C/o NBAS Chartered Accountants 17 Carnmoney Road, Glengormley Newtownabbey BT36 6HL
Page 1
Ballymoney Foodbank Limited
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2023.
Objectives and activities
Objects and aims
The charity's objectives are to: prevent and/or relief of poverty in Ballymoney and surrounding areas in particular, but not exclusively, by providing emergency food supplies to individuals in need.
To raise funds to assist to successfully operate the foodbank. To run charitable events to raise awareness. To help local people suffering from poverty by providing emergency food supplies.
Public benefit
To raise funds to assist to successfully operate the Foodbank.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Peter Rollins Valerie Archer Jean Rollins Walter McCallum
Structure, governance and management
Recruitment and appointment of trustees
The company actively promotes a board of trustees which includes a range of skill, experience and knowledge in keeping with the pursuance of its objects and to this end it is entitled to advertise and interview eligible candidates to be potential trustees of the board.
Induction and training of trustees
New trustees are invited and encouraged to attend a series of short training sessions to familiarise themselves with the charity and the context within which it operates. These sessions cover the obligations of trustees, the main documents which set out the operational framework for the charity, resourcing and the current financial position and future plans and objectives. New trustees are also referred to the Charity Commission's guide "The Essential Trustee"
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.
Page 2
Ballymoney Foodbank Limited
Trustees' Report
Organisational structure
The is a company limited by guarantee .
The trustees who are also the directors for the purpose of company law, and who served during the year were: Mr P Rollins Mrs J Rollins Mrs V Archer Mr Walter McCallum
Financial instruments
Objectives and policies
The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
Cash flow risk
The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
Credit risk
The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance.
Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
Statement of trustees' responsibilities
The trustees (who are also the directors of Ballymoney Foodbank Limited for the purposes 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), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Page 3
Ballymoney Foodbank Limited
Trustees' Report
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 state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The annual report was approved by the trustees of the charity on 23 October 2023 and signed on its behalf by:
......................................... Peter Rollins Trustee
......................................... Valerie Archer Trustee
......................................... Jean Rollins Trustee
......................................... Walter McCallum Trustee
Page 4
Ballymoney Foodbank Limited
Independent Examiner's Report to the trustees of Ballymoney Foodbank Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the 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 charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
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:
-
accounting records were not kept in respect of Ballymoney Foodbank Limited as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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 accounts to be reached.
...................................... Nigel Beggs ACA Chartered Accountants Ireland
C/o NBAS Chartered Accountants 17 Carnmoney Road, Glengormley Newtownabbey BT36 6HL
23 October 2023
Page 5
Ballymoney Foodbank Limited
Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 3 Total income Expenditure on: Raising funds 5 Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 12 Note Income and Endowments from: Donations and legacies 3 Investment income 4 Total income Expenditure on: Raising funds 5 Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 12 |
Unrestricted funds £ 42,753 42,753 (45,999) (45,999) (3,246) (3,246) 64,980 61,734 Unrestricted funds £ 40,277 30 40,307 (22,928) (22,928) 17,379 17,379 47,601 64,980 |
Total 2023 £ 42,753 |
|---|---|---|
| 42,753 | ||
| (45,999) | ||
| (45,999) | ||
| (3,246) | ||
| (3,246) 64,980 |
||
| 61,734 | ||
| Total 2022 £ 40,277 30 |
||
| 40,307 | ||
| (22,928) | ||
| (22,928) | ||
| 17,379 | ||
| 17,379 47,601 |
||
| 64,980 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 12.
The notes on pages 10 to 19 form an integral part of these financial statements. Page 6
Ballymoney Foodbank Limited
(Registration number: NI623376) Balance Sheet as at 31 March 2023
| Note Fixed assets Tangible assets 9 Current assets Cash at bank and in hand 10 Creditors: Amounts falling due within one year 11 Net current assets Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 12 |
2023 £ 2,898 60,126 (1,290) 58,836 61,734 61,734 61,734 |
2022 £ 3,865 61,505 (390) |
|---|---|---|
| 61,115 | ||
| 64,980 | ||
| 64,980 | ||
| 64,980 |
For the financial year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The notes on pages 10 to 19 form an integral part of these financial statements. Page 7
Ballymoney Foodbank Limited
(Registration number: NI623376) Balance Sheet as at 31 March 2023
The financial statements on pages 6 to 19 were approved by the trustees, and authorised for issue on 23 October 2023 and signed on their behalf by:
......................................... Peter Rollins Trustee
......................................... Valerie Archer Trustee
......................................... Jean Rollins Trustee
......................................... Walter McCallum Trustee
The notes on pages 10 to 19 form an integral part of these financial statements. Page 8
Ballymoney Foodbank Limited
Statement of Cash Flows for the Year Ended 31 March 2023
| Note Cash flows from operating activities Net cash (expenditure)/income Adjustments to cash flows from non-cash items Depreciation 5 Investment income 4 Working capital adjustments Increase in creditors 11 Net cash flows from operating activities Cash flows from investing activities Interest receivable and similar income 4 Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March |
2023 £ (3,246) 967 - (2,279) 900 (1,379) - (1,379) 61,505 60,126 |
2022 £ 17,379 967 (30) |
|---|---|---|
| 18,316 60 |
||
| 18,376 30 |
||
| 18,406 43,099 |
||
| 61,505 |
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 10 to 19 form an integral part of these financial statements. Page 9
Ballymoney Foodbank Limited
Notes to the Financial Statements for the Year Ended 31 March 2023
1 Charity status
The charity is limited by guarantee, incorporated in , and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.
The address of its registered office is: Unit 10, 41 Ballymena Road Ballymoney BT53 7EX
These financial statements were authorised for issue by the trustees on 23 October 2023.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Ballymoney FoThe accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's constitution , 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)” (as amended for accounting periods commencing from 1 January 2016)odbank Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Page 10
Ballymoney Foodbank Limited
Notes to the Financial Statements for the Year Ended 31 March 2023
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Page 11
Ballymoney Foodbank Limited
Notes to the Financial Statements for the Year Ended 31 March 2023
Foreign exchange
Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date.
The results of overseas operations are translated at the average rates of exchange during the period and their balance sheets at the rates ruling at the balance sheet date. Exchange differences arising on translation of the opening net assets and results of overseas operations are reported in other comprehensive income and accumulated in equity (attributed to non-controlling interests as appropriate).
Other exchange differences are recognised in the Statement of Financial Activities in the period in which they arise except for:
1) exchange differences on transactions entered into to hedge certain foreign currency risks (see above);
2) exchange differences arising on gains or losses on non-monetary items which are recognised in other comprehensive income; and
3) in the case of the consolidated financial statements, exchange differences on monetary items receivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore forming part of the net investment in the foreign operation), which are recognised in other comprehensive income and reported under equity.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Page 12
Ballymoney Foodbank Limited
Notes to the Financial Statements for the Year Ended 31 March 2023
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
Page 13
Ballymoney Foodbank Limited
Notes to the Financial Statements for the Year Ended 31 March 2023
Debt instruments
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.
Page 14
Ballymoney Foodbank Limited
Notes to the Financial Statements for the Year Ended 31 March 2023
Derivative financial instruments
The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
3 Income from donations and legacies
| Donations and legacies; Donations from individuals Total for 2023 Total for 2022 4 Investment income Total for 2023 Total for 2022 |
Unrestricted funds General £ 42,753 42,753 40,277 Unrestricted funds General £ - 30 |
Total funds £ 42,753 |
|---|---|---|
| 42,753 | ||
| 40,277 | ||
| Total funds £ - |
||
| 30 |
Page 15
Ballymoney Foodbank Limited
Notes to the Financial Statements for the Year Ended 31 March 2023
5 Expenditure on raising funds
a) Costs of trading activities
| Note Costs of goods sold Allocated support costs 6 Total for 2023 Total for 2022 |
Unrestricted funds General £ 39,114 6,885 45,999 22,928 |
Total funds £ 39,114 6,885 |
|---|---|---|
| 45,999 | ||
| 22,928 |
Page 16
Ballymoney Foodbank Limited
Notes to the Financial Statements for the Year Ended 31 March 2023
Total costs £
6 Analysis of support costs
Raising funds expenditure Costs of generating donations and legacies
Total funds £
Costs of trading activities
| Basis of allocation Trading 6885 Total for 2022 Other costs for generating funds |
Unrestricted funds General £ 6,885 10,175 |
Total 2023 £ 6,885 |
|---|---|---|
| 10,175 | ||
Total funds Basis of allocation £
Basis of allocation
Reference Method of allocation
A B C D E F G
7 Net incoming/outgoing resources
Net (outgoing)/incoming resources for the year include:
Page 17
Ballymoney Foodbank Limited
Notes to the Financial Statements for the Year Ended 31 March 2023
2023
----- Start of picture text -----
£
----- End of picture text -----
8 Taxation
The charity is a registered charity and is therefore exempt from taxation.
9 Tangible fixed assets
| Cost At 1 April 2022 At 31 March 2023 Depreciation At 1 April 2022 Charge for the year At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 10 Cash and cash equivalents Cash at bank 11 Creditors: amounts falling due within one year Accruals 12 Funds Balance at 1 April 2022 £ Unrestricted funds General 64,980 |
Incoming resources £ 42,753 |
Furniture and equipment £ 9,667 9,667 5,802 967 6,769 2,898 3,865 2023 £ 60,126 2023 £ 1,290 Resources expended £ (45,999) |
Furniture and equipment £ 9,667 9,667 5,802 967 6,769 2,898 3,865 2023 £ 60,126 2023 £ 1,290 Resources expended £ (45,999) |
Total £ 9,667 9,667 5,802 967 6,769 2,898 3,865 2022 £ 61,505 |
|
|---|---|---|---|---|---|
| 9,667 | |||||
| 5,802 967 |
|||||
| 6,769 | |||||
| 2,898 | |||||
| 3,865 | |||||
| 2023 £ 60,126 2023 £ 1,290 Resources expended £ (45,999) |
|||||
| 2022 £ 390 |
|||||
| Balance at 31 March 2023 £ 61,734 |
Page 18
Ballymoney Foodbank Limited
Notes to the Financial Statements for the Year Ended 31 March 2023
| Unrestricted funds General |
Balance at 1 April 2021 £ 47,601 |
Incoming resources £ 40,307 |
Resources expended £ (22,928) |
Balance at 31 March 2022 £ 64,980 |
|---|---|---|---|---|
13 Analysis of net assets between funds
| Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets 14 Analysis of net funds Cash at bank and in hand Net debt Cash at bank and in hand Net debt |
Unrestricted funds General £ 2,898 60,126 (1,290) 61,734 Unrestricted funds General £ 3,865 61,505 (390) 64,980 At 1 April 2022 £ 61,505 61,505 At 1 April 2021 £ 43,099 43,099 |
Total funds at 31 March 2023 £ 2,898 60,126 (1,290) |
|---|---|---|
| 61,734 | ||
| Total funds at 31 March 2022 £ 3,865 61,505 (390) |
||
| 64,980 | ||
| At 31 March 2023 £ 61,505 61,505 At 31 March 2022 £ 43,099 43,099 |
Page 19
Ballymoney Foodbank Limited
Statement of Financial Activities by fund for the Year Ended 31 March 2023
Unrestricted Funds
| Unrestricted Funds | ||
|---|---|---|
| Income and Endowments from: Donations and legacies Investment income Total income Expenditure on: Raising funds Total expenditure Net (expenditure)/income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total Unrestricted Funds 2023 £ 42,753 - 42,753 (45,999) (45,999) (3,246) (3,246) 64,980 61,734 |
Total Unrestricted Funds 2022 £ 40,277 30 |
| 40,307 | ||
| (22,928) | ||
| (22,928) | ||
| 17,379 | ||
| 17,379 47,601 |
||
| 64,980 |
This page does not form part of the statutory financial statements. Page 20
Ballymoney Foodbank Limited
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| Income and Endowments from: Donations and legacies (analysed below) Investment income (analysed below) Total income Expenditure on: Raising funds (analysed below) Total expenditure Net (expenditure)/income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total 2023 £ 42,753 - 42,753 (45,999) (45,999) (3,246) (3,246) 64,980 61,734 |
Total 2022 £ 40,277 30 |
|---|---|---|
| 40,307 | ||
| (22,928) | ||
| (22,928) | ||
| 17,379 | ||
| 17,379 47,601 |
||
| 64,980 |
This page does not form part of the statutory financial statements. Page 21
Ballymoney Foodbank Limited
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| Donations and legacies Appeals and donations Investment income Interest on cash deposits Raising funds Purchases Light, heat and power Insurance Repairs and maintenance Telephone and fax Computer software and maintenance costs Printing, postage and stationery Advertising Accountancy fees Bank charges Depreciation of fixtures and fittings |
Total 2023 £ 42,753 42,753 - - (39,114) (778) (358) (1,457) (12) (80) (234) (1,529) (1,356) (114) (967) (45,999) |
Total 2022 £ 40,277 |
|---|---|---|
| 40,277 | ||
| 30 | ||
| 30 | ||
| (12,753) (555) (340) (6,030) - (1,309) (158) (288) (450) (78) (967) |
||
| (22,928) |
This page does not form part of the statutory financial statements. Page 22