Registration number N1638387
Charity numberNIC107714
Foyle Foodbank Llmited
(Company limlted by gvaralltee)
Dlre¢tors' report and flnanelal statements
for tbe yeAr ellded 31 De¢ember2023

Foyle Foodbank Limited
Company limited by guarantee
Contents
Page
Company Information
Directors, Report
Independent Examine￿$ Report
Stat¢ment of Financial Activities
Balance Sheet
Notes to th¢ Financial Statements
10-17

Foyle Foodbank Limited
Company limited by guarantee
Company information
Directors
D¢1rd￿ McDaid
Gerald Kelly
Damien M¢Adams
Teresa Mccloskey
John McGowan
Alan Rodden
Desmond Reid
Alison Wallace
Secrotgry
Karen Mullan
Company numbor
N1638387
Charity numb¢r:
NIC107714
Reglstcred oftlce
Apex Living Centre
Springtown Road
Derry
BT48 OLY
Aeeountants
McGroaty McCatTety & Company Ltd
Accountants & T&x Consultants
2 Carlisle Terrace
Derry
BT48 6JX
Bankers
Danske Bank
Branch Busin¢55
P.0. Box 183
Donegall Square West
Belfast BTI 6JS
Nationwide Buildlng Soclety
Kings Park Road
Northampton
NN3 6NW
Solicitors
Babington Solicitors
9 Limavady Road
Londonderry
BT47 6JU
Page I

Foyle Foodb3nk Limited
Company limfited by guarAntce
Directors, report
ror the year ended 31 December 2023
Th¢ dire¢tors present their report and the audited financial statements for the year ended 31 December 2023.
Objectlves and activltles
The primary objective of the Foyle Foodbank is tlie prev¢ntlon or rellef of food proverty in the Foyle
onstituency and surrounding areas in particular by providing emergen¢y food supplies to individual$ in need
andlor charities, or other organisations working to prevent or relleve povety.
Hoiv tho ebAfity oetlvltles dellver publle beneflt
The board of directors have agreed 6 broad objectives for the incoming period:
l. Governance. Consolidate staff and s¢NiC¢ £roMrth. Refine board operations and expand opportunities for
those Nvith lived experlence and specifi¢ skills to play an actlve role wlthln th¢ or8anisation.
2. Strategic Development. Foyle Foodbank will continue to work with Th¢ Trussell Trust and others to
deliver on our Strategic Busin￿ Plan and Pathfinder Prlority Alms document.
3. Partner Agencies. Acquisition and dlstributlon of food remain principal priorities for Foyle Foodbank, and
trusted partner agencie5 are the primary vehicle for food distributlon and accompllshins the aim of working to
¢nd povcrty in tlie Foyle constituency and surroundln8 areas. Bullding on those relationships with trusted
partners is key to the Foodbanks success.
4. Publi¢ Policy. As an additional approach to addre&sing the stated mission of 'responding to hunger and
food poverty in th¢ Foyle constituency and surrounding ar￿$ so that individuals ond families in crisis do not
experience hun8erf, the Foyle Foodbank will increase its efforts to Influence local and re8ional policy using
data gathered to lobby those in positions of power.
5. Outreach throughout the Foyle constituenw and surrounding areas. The Foyle Foodbank will focus on
increasing its pres¢nc¢ and publi¢ awar¢n¢ss throughout the community. Thls focus is intended to infomi th¢
wider community of our 5UPPOrt services and ruch those most in need or crisis. To enhance fund raising?
food-raisin& volunteer engagement, as well as ilie public's understanding of how the Foyle Foodbank works,
and how it works with partner agencles.
6. Financial Resources and Food Supply. Incr¢asing financial support throu£h fundraising and securlng grants
is priority to support tlie Foyle Foodbank's work. Given the continued increase in need for food and pressures
on food supply. the charity continues to expand food donors and identify streams of finan¢iaE ￿SOurceS
including grant aid.
Page 2

FoyIe Foodbank Limited
Company lEmlted by guarAntee
Directors. report
ror the yoar ended 31 December 2023
continued
Activities achie
ts
In th¢ twelve months Foyle Foodbank distribut¢d to 3,258 households that in¢lud¢d 8,503 people, this
included 3,659 children and 4,844 adults. Partnerships continue to be built with strong¥ Gommunity-bas
organisations to alleviate hunser and povety among local people who ore in crisis Situations in the Foyle
constituency and surrounding are&
Under the grants provid¢d by Pathfinder project, Derry City and Strabane District Council and other
resources the Foodbank lias grown and expanded its staff team and services they provide to those who need of
Foodbank support.
Trussell Trust provided fvnding for a Financial Inclusion ProJe¢t to help people
m&ximise their income and support with finances. We joined the Feeding Britain Network which has allowed
us explore affordable food models. Outreach infonnation events was delivered across the City.
The Foyle Foodbank is located at purpose deslgned premises in the Apex Living Centre and hLs created a
warm, welcoming environment for clients with a shop, large food warehouse. chilled food store. cafe area,
and offices. The centre also a demonstration kitchen that is being used for healthy and loiv-cost cookery
classes benefittlng people usinB the Foodbank.
Thc Foyl¢ Foodbank's repufation and partneiships coniinuo to s¢¢ure donations from ocross the ¢ity.
In 2023, our team of around SO volunt¢¢rs h¢lped across all aspects of our organi5ation, added to by the
support of a number of business organisations. Our volunteers, commitment and hard work enable the
Foodbank to operate at M￿lMuM capaclty to support all those in need. We are hugely indebted to them.
Flnanclal revlew
Princi
The charity has relied principally upon donations in the year. Foyle Foodbank's reputation and partnerships
secured donations from acr05S the Foyle are& In the past year local businesses and individuals have been
extremely generous in their monetary donations to the Foyle Foodbank.
cl l erforn)ance
Th¢ Charity has generated a surplus of unr¢stricted funds of £67,450 for the year ended 31 December 2023
(2022 - £94,104) and on restrlcted funds a deficit of £l.119 for the y¢ar ¢nded 31 December 2023 (2022
surplus
£4,281). The reserves at the end of the year ar¢ £466.527 to the 31 December 2023 (2022
£400,196). InGom¢ and ¢xpenditure is expected to vary from year to year depending on funding received and
activities organised as a consequenc¢.
The directors previously agreed that a designated fund should be set up to ¢nsure that the equivalent of 3
ycars. operating costs are covered in the event of the withdrawal or a gap in funding. The dir¢ctors review
this annually and are satisfied that the balance of £120,000 is adequate at 31 December 2023.
Page 3

Foyle Foodbank Limited
Company limited by guarantee
Directors, report
for the year ended 31 December 2023
continued
Inve
Aside from retaining a prudent amount of reserves the charity's funds are held to be spent in the short terni.
Rese
olic
The directors have examined the charity's requirements for reserves in li8ht of the main risks to the
organisation. Foyle Foodbank wlll ¢ontinue to bulld sufficient reserves that will allow for continued
operation for three years. Expenditure for th¢ Foodbank is modest and will remaln so. Any requlrement for
major expendlture is brought before the directors for approval.
Strueturo) governante and management
The compafty 15 governed and managed by the board of directots. The directors who served the company
during the financial period are shown on pas¢ l.
The board meet on a bimonihly basis and formal minules ar¢ taken, The directors alongside the Strateg1¢
Development Manager are responsible for the straɢgic directlon of Ihe Foyle Foodbank. The Strategic
Development Manager is responsible for the overall running S￿d management of all activities, staff 8nd
voluntcers at the Foodbank. Reports are presented at board meecln85.
Rec
anda
oint
f mana
eme
mittce
Tlie directors ar¢ also charity trust¢¢s for the purposes of Charity Low. Under tho requirements of th¢
Meinornndum and Articles of Association directors are elccted at an Annual General Meeting from amongst
tliose persons nominated by the Ordinary Members. The directors have the power at any time to appoint any
person to be a director. either to fill a casual vacanGy or &$ an addition to the existing directors. Any director
so appointed ￿ry¢S only until th¢ next Annual Oeneral Meetlng at whi¢h directors are to b¢ elected and are
then ell8ible for re-election. A retiring director is eligible for reryelection.
Dlrectors Responsibilities In R¢latlon To The FSnan¢ial Slat¢mont8
Company law requires the direators to prepare finan¢ial Statements for ¢ach financial year which give a true
and fair view of the state of the affairs of the charitable Compafty and of the profit or loss of the charity
company for that year. In preparing these the directors are required to:
select suitable accounting policies and apply them consistently•
make judgeinents and ¢stimates that are r¢Bsonable and prudent;
observe methods and princsples in the Gharities SORP 2019 (FRS 102);
stat¢ ivhether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements;
pr¢pare the financial siatemenis on thc going concern basis unless it is inappropriate to presume that the
company ivill continue in business.
Page 4

Foyle Foodbank Limited
Company limited by guarantee
Directors, report
for the year ended 31 December 2023
coiitinued
The directors are responsible for keeping proper accounting records wliich disclose with reasonable accuracy
at any time the financial position of the company and to enable tliem to ensure tliat the fiiiancial statements
omply with tlie Companies Act 2006. They are also responsible for safeguarding the assets of the company
and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Tlie report is prepared in accordance witli tlie special provisions of Part 15 of the Companies Act 2006
relating to small companies and in accordance with SORP 2019 (FRS102).
Independent Examiner
A resolution will be proposed at the Aiinual General Meeting tliat M¢Groaty Mccafferty & Coinpany Ltd be
appointed as independent examiners for tlie eiisuing year.
Tlie finaiicial statenienls were approved and authorised for issue by the board 011 15 Marcli 2024 and signed
on its belialt by)
Directo
Director
Page 5

Foylc Foodbank Limited
Company limited by guarantee
Independent examiner's report on th¢ unaudited financial statements to tbe dlrectors of
Foylc F(fvodbAnk Llmited
We ￿pOrt on th¢ accounts of the company for the year ended 31 Deoember 2023, which set out on pages 7
to 17.
Respe¢tivo rejponslbllltles of charlty dlreetors and oxamluer.
As the charity direciors you ar¢ responsible for the prcparation of the accounts in a¢cordan¢e with the
r¢quirements of the Companies Act 2006. Havlng satisfled ourselves that the ¢harity is not subject to audit
under company law, and is eligible for independent examination. it is our responsibility to:
examine the accounts under se¢tion 65 of the Charities A¢t 2008;
follow th¢ proGedur¢s lald down In the general directions given by the Charity Commlssfon for Northern
Irelond under section 65(9)(b) of the Charities Act 2008.
state whether particular matters have come to our attention.
Basis of Independent QXAmlner's report
We have examined your charity accounts as required under section 65 of the Charities Act and our
examination was carrled out in accordance with ihe general directions Siven by the Charity Commlssion for
Nortliern Ireland under Section 65(9)(b) of the Charities Act. The examlnatlon included a review of Ihe
accounting records kept by the charity and a comparlson of the aecounts presented with those records. It also
included a consideration of any unusual Items or disclosures in th¢ accounts, and seeking e,Kplanations from
you as charity dircctors concemlng any such matters.
Our role is to state whether any materilll matters have come to our attention giving us cause to believe:
that accounting records wcrc not kepi in a¢¢ordance with section 386 of the Companies Act 2006.
Iliat the accounts do not ac¢ord with those accounting records.
that the ac¢ounts do not comply with the accounting requlrements of the Section 396 of the Companies Act
2006 and the methods and principles of the Charities Statement of Recommended Practice applicable to
harities pr¢paring tlieir accounts in accordanG¢ with the Financial Reportin8 Standard applicable in the UK
and Republie of Ireland;
tliat there is further iftfonnatlon needed for proper und¢rstandln8.
Independent examlner's statement
We can confinn we ar¢ qualified to undertake the examination and are regulated and a member of Chartered
Accountants Ireland. which Is one of the listed bodies.
We have completed our examination and have no concerns in respect of the matters listed above and, in
conneution witli the following directions of lh¢ Charity Commlssion for Northern Ireland, we have found no
matters that require drdwing to your attentlon.
cGroarty,
ccaffe
Compari
Aceountants & Tax Consultants
2 Carlisle Terracc
BT48 6JX
Date: 15 March 2024
Ltd
Page 6

Foyle Foodbank Limited
Company limlted by guarantee
s¢aiement of Financial Activiti
for ttse year ended 31 Dcccmber 2023
Total
Funds
2023
Total
Funds
2022
Unrestrieted Rostritted Deslgoated
Funds
Funds
Funds
Income and Expendlture
Incoming Rcsourees
Voluntary Iiicome
Oilior Income
128,522
2,227
166.414
294,936
2,227
211,503
264
Total Incoming Rosoureos
130.749
166,414
297.163
211,767
Resources Expended
Dlrect Charilable Expenditure
63,299
167,533
230.832
113,382
Total Resources Expended
63,299
167,533
230,832
113,382
N¢t Incoming l (Oulgoing) Rcsour¢os 13
67,450
(1,119)
66,331
98,385
BalanG¢5 brought forward l January 2023
274,799
342,249
5,397
120,000
400,196
301,811
4,278
120,000
466.527
400,196
Transfer of funds
Balances carried forward 31 December 2023
342.249
4,278
120,000
466,527
400,196
Tlie above amounts relate to continuing operations of the charity.
The charity has no reco8nis¢d gains and losses other than th05¢ includcd in the results above and therefore
no separate statement of total tccognised gain5 and losses has been presented.
Tliere is no difference between the net incoming resources for the year stated above and their historical c05t
equival¢nts.
Page 7

Foyle FoodbaDk Limlted
Company Ilmited by guarantee
Balance Sheet
s at 31 Deecmber 2023
2023
2022
Notes
Fixed assels
Tanglble assets
Current assets
Debtors
Cash at bank and in hand
41,408
9,879
11,884
476,261
10
434,377
488,145
434,377
Creditors: amounts fallSng
due wltbln one yeAr
11
(63.020
(44.060)
Net current Asscts
425,119
390,317
Tot21 assets less current
IIAbilities
466,527
400,196
Net assets
466,527
400,196
Funds
Restricted
Unrestrict¢d
Designated
12
4,278
342.249
120.000
5,397
274,799
120,000
14
466.527
400,I96
The notes on pages 10 to 17 form an integral part of these financi21 statements.
Page 8

Foyle Foodbank Limited
Company limited by guarantee
Balance sheet (continued)
In approving these financial stateiiienls as directors of the company we liereby confirni:
Tlie company was eiititled to exemption from audit under s477 of the Companies Act 2006 relating to sinall
companies.
Tlie iiieinbers have not required the company to obtain an audit in accordance with section 476 of the
Companies Acl 2006.
Tlie directors ackiiowlcdge tlicir responsibilities for complying with the requirements of the Coinpanies Act
2006 witli respect to accounting records and preparation of accounts.
Tliese accounis liave been prepared in accordance with tlie provisions applicable to small companies subject to
the 51llall coInpanies regiine and in accordance with SORP 2019 (FRSI 02).
Tlie financial slateinents were approved and authorised for issue by the board on 15 March 2024 and signed
on its behalf by.
Irecto
Dlre¢tor
DAto: 15 March 2024
Dato: IS March 2024
Reglstratlon No: N1638387

Foyle Foodbank Limited
Company limited by guarantee
Notes to the financial statements
ror the year ended 3L Deeember 2023
G¢n¢ral information
The charity is a private limited company by guarantee. registered In Northern Ireland. The address of
tlie registered ofyice is Apex Livlng Centre, Springtown Road, Derry, BT48 OLY,
1.1. AccouDtlllg convention
The prlncipal accounting policies adopted in the preparation of the financial statements are set out
below and liave remalned unchanged from th¢ pr¢viou$ year, and also have bgen ¢on$ist¢ntly applied
withln tlie same accounts.
The charity constitutes a public benefit entity as defin￿ by FRS102. The financial statements have
been prepared In accordance with Accounting and Reporting by Charitles: Stat¢m¢nt of Recommended
Practice applieable to charlties preparing their a¢¢ounts in accordance with the Financlal Reporting
Standard applicable fn the UK and R¢public of Ireland Charities SORP 2019 (FRS 102) and the
Compani¢s Act 2006.
The financial statements are prepared on a going concern basis under Ihe historical cost convention
Inodified to include the certaln items at fair value. The financlal statements are presented in stcrling
vhich is the functional currency of the charity.
Tlie dlrectors conslder that thcr¢ or¢ no material uncertalnti¢5 about ih¢ charity's ability to ¢ontinu¢ as a
soing conccrn.
The charity has taken advantage of the exemption in FRS 102 from th¢ requirement to produce a cash
flow statement es tlie company qualifies as a small company.
1.2. Incoming resource5
All incoming resour¢¢s ore included in the siatement of financial activities when the charity is entitled to
the income and the amount oan be quantified with re&80nable accuracy. The following specifie policies
are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifis and is included in full in the
staiement of financial activities when receivable. Grants where entitlement is not conditlonal on the
delivery of a specific perfomiance by the charity are recognised wh¢n the charity become5
unconditionally ¢ntitl¢d to the grant.
Donated services and facilities are included at the value to the ¢harity wliere thls can be quantified. The
VAlue of the services provided by the volunteers has not been included.
Gifts donated for r¢sale are included as in¢omln8 resource5 Within the a¢tiviti¢s for generating funds
when tliey are sold.
Grants. including grants for the purchase of fixed assets, are recognised in full in the statem¢nt of
financial activities in the year in which they are receivable.
Income froni investments is included in the year in which it is receivable.
Page 10

Foyle Foodbank Llmlted
Company limited by guarAntee
Notes to the finane121 statements
for the year ended 31 December 2023
onlinued
1.3. Resourees expended
Expenditure is r￿QgniSed on an accrual blgis as a Ifabllity is incurred. Expendlture in¢ludes any VAT
whigh ¢annot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of 8eneratlng fvnds compris¢ th¢ costs associated wlth attracting voluntary income and the costs
of trading for fundraising purposes.
Charilable expenditure comprises those costs incurred by the charity In the delivery of its activities and
services for its ben¢fi¢iaries. Tt includes boih costs that can be allocated directly to sueh actlvltles and
those costs of an indirect nature ne¢essary to support them.
1.4. Grants
Revenue grants are credited to income on the earlier date of when they ar¢ received or when they are
receivable, unless they relate to a speeific future period, in which ¢&se they are def¢rr¢d.
Grants for the purpose of eapltal expendithre arc credited to restricted inGome when recclvabl
transferred to restrlct¢d funds on the purch&se of the asset and then released to unrestricted funds over
the related a55et's useltsl liv4s.
1.5 Tanglble fixed Assets and deprecl&tlon
Tangible fixed assets are stated at cost Icss depreciation.
Depreciation is provided at rales calculated to writo off the cost resldual valu¢ of ¢a¢h a8S¢t over Its
exp¢oted us¢ful lif¢. a5 follows:
Fixtures, flttln8S
and equipment
Motor Vehioles
200/0 Stralght Llne
20 % StTaight Line
Page 11

Foyle FoodbAnk Limited
Company Ilmited by guarantee
Notes to tbe financial statements
for thc year ¢llded 31 De¢¢mber 2023
. continued
Unrestricted Restrietsd Total
Ineom¢
Income Funds
2023
2023
2023
Total
Funds
2022
Incomlng Resources
Incomin
resour
Baby Hub Income
Feedlng Britain
Derry City and Straban¢ District Council
Apex Housing
Trussel Trust - Paihfinder fund
from charitable actlvl
3,176 3.176
4,071 4.071
27,062 27.062
9,405 9,405
122,700 122,700
11,410
39,739
166.4l4 166,414
51,149
Income
Donations
Soclal Superniarket Shop Income
TTuss¢II Trust- Orant
Lightbody Foundation
Foyle Search & Rescue
125,341
3,181
l25,341
3,18L
132,962
3,369
20.000
4.023
Total
128,522
166,414 294,936
211,503
(i)
Rostrlcted Funds
Funds received whicli are eam]arked by the Funder for specific purposes. Such purposes are
within the overall aims of the organlsatlon.
(li) Unrestrlcted Funds
Funds which are expendable at tlie discretion of th¢ company in ￿rthera17C¢ of the aims of the
cliarity. In addition fijftds may be held in order to finance capital investment and NYorkin8 oapltal.
Other Income
Unrcstrlcted Restrlcted
2023
2023
Total
2023
TotAI
2022
Deposit Interest
2,227
2,227
264
Page 12

Foyle Foodb2nk Limited
Company Ilmited by guarantee
Not¢s to the financixl statemettts
for th¢ year ended 31 De¢embcr 2023
. continued
Resources Expended
Unrestrleted
Funds
Restrlcted
Funds
Total
2023
Total
2022
Direct Charitable Expendlture
Statycosts
Food Purch&8es
Programme Costs
Baby Bank Expenses
Pathfinder Expenses
F¢¢ding Britain Expenses
Social Market Expenses
Inforniation Session Expenses
PPE Expenses
Rebrandin8 Costs
Delivery costs
Support Costs
Governance costs
12,168
7,973
12,447
117.937
13,160
130,105
21,133
12,447
3,176
8,464
4,071
2,738
577
56,657
19.513
3,176
8,464
4,071
2,738
577
6,989
6,830
230
14,400
14,400
241
32,280
1,200
241
29,270
1,200
1,070
20,893
1,200
3.010
63,299
167,533
230,832
113.382
Support
Costs
Governance
Costs
Total
2023
Total
2022
Support & Governance ¢osts
Insurance
Stationery & Postage
Telephone & Intern¢t
Computer Costs
Rent
Volunteer Expenses
Repairs & Cleaning Costs
Accountancy Fees
Training
Motor Expenses
Uniform Costs
Membersliip Cosls
Bank Fees
Generdl Expenses
D¢preciation
3,978
748
1,134
1,180
832
1.021
5,796
3,978
748
1,134
1,180
832
1,021
5,796
1,200
1,278
3,121
658
415
205
174
11,740
1,170
4,30I
1,223
1.042
2,147
838
1,200
2,862
,200
1,278
3,121
658
415
205
174
11,740
119
149
3,541
3,501
32,280
1,200
33.480
22,093
Page 13

Foyle Foodbank Limilcd
Company limlted by guarantee
Notes to the fillallcial statements
ror the yoar ended 31 December 2023
continued
Net Surplus
2023
2022
Net Surplus is stated after charging:
Depreclatlon and other amounts written off tangible assets
11,740
3,501
Employees
2023
2022
Wages & Sularies
Staff pension contrlbutions
120,616
9.489
52,515
4,142
130,105
56,657
Number of cmployces
The average monthly numbers of ¢mployees during the year, calculated on the basls of full time
¢qUiV21ents, was as follo%v3:
2023
Number
2022
Number
Avera8e number of employees
TaxAtion
As a charity, Foyle Foodbank Limited is ¢x¢mpt from tax on income and gains fallln8 Wlthin section
505 of the T￿¢5 Act 1988 or s256 of the Taxution of Charg¢able Gains Act 1992 to tlie extent that
these are appli¢d to its ¢har8eable objects. Accordingly• no tax ¢harges have aris¢n in the charity.
Page 14

Foyle Foodbank Limited
Company limlted by guarantee
Notes to tbe financial statements
for tbe year ¢nded 31 December 2023
continucd
Flxtures,
rittings And
equlpment
Tangible fixed assets
Motor
vchlcles
Total
Cost
At l January 2023
Additions
19,567
4,990
19.567
43,270
38,280
At 31 December 2023
24,557
38,280
62,837
Depreclatlon
At l January 2023
Charge for the y¢ar
At 31 December 2023
9.689
4,084
9,689
11,740
7,656
13,773
7,656
21,429
Net bookvolues
At 31 December 2023
10.784
30,624
41,408
At 31 December 2022
9,879
9,879
Debtors
2023
2022
Sundry Debtors
Prepayments
11,468
416
11.884
10.
Bank and eash
2023
2022
Danske Bank Current Account
Danske Bank Deposit A¢¢ount
Danske Bank Account
Nationwide Deposit A¢count
Petty Cash
296,869
72,001
25.766
81.517
108
283,665
70,533
80,179
476,261
434,377
Page IS

Foyle Foodbank Limited
Company limited by guarantee
Notes to the financ121 statements
for the year ended 31 D¢eember 2023
. continu¢d
11. Creditors: amounts falllng duo
within one year
2023
2022
Credlt Card
Other t&xes and social security costs
Other credltors & deferred income
Accruals
1,673
9,673
49,273
2,407
2.657
39.540
1.863
63,026
44.060
12. Analysls of net assets between
Unre5trfcted RestrEcted Designated
funds
runds
funds
Total
runds
Fund balonces at 3 l December 2023 as represented by:
Tangibl¢ fixed assets
Current assets
Curr¢nt liabilities
37,130
4.278
309.199
58,946
(4.080) (58.946)
342.249
4,278
41,408
488,145
(63,026)
120,000
120.000 466,527
13.
Movements In Funds
At
l January IDeomlDg Outgolng
2023 resources resources
At
31 De¢ember
2023
Transfer
Restrlcled Ibnds:
Restricted funds
5.397 166,414 (167,533)
4,278
Unrestrlcted funds:
General Funds
274.799 130,749 (63,299)
274,799
130,749
(63,299)
342,249
Total unrestricted funds
342,249
Designated funds
120,000
120.000
400,196 297,163 (230,832)
466,527
Page 16

Foyle Foodbank Limited
Company limited by guarantee
Notes to the f1112nelal statements
for the yo2r ended 31 December 2023
. continued
14. Designated Funds
The designaled fund of £120,000 been set up to ensure that there is adequat¢ funds to cover three
years operating costs of the Company in the event ihere is a withdrawal or gap in funding in the ￿ture.
IS. Related party transactlons
There were no related party transactlons in the period under revlew.
16. Controlling interest
Controlling interest of the charilable company lies with board of directors.
17.
Company Ilmlted by guar2ntee
Foyle Foodbank Llmitcd is a company limlted by guarantee and not having a shore capital. Th¢
company is incorporated in Northern Ireland. The reglstered oifice is Apex Llving Centr¢, Springtoivn
Road, D¢rry. BT48 OLY.
18. Post Balance Sheet events
No significant events have tak¢n pla¢0 since the y¢ar ended 31 December 2023 that would result in
adjustments to financial information or inclusion of a note tliereto.
Page 17