PEOPLE'S KITCHEN BELFAST Trustees Annual Report and Unaudited Financial Statements for the year ended 31 March 2024 Reglstered Charity in Northern Ireland (NIC108172) Page | I
PEOPLE'S KITCHEN BELFAST Flnanclal Statements Year ended 31 March 2024 Contents CHARITY REFERENCE AND ADMINISTRATIVE DEfAILS... .... TRUSTEES. ANNUAL REPORT (INCLUDING TRU5TEES' REPORT AND STRATEGIC REPORT)........................ TRUSTEES OF THE CHARITY.............. ... REFERENCE AND ADMINISTRATIVE DEfAILS.............................................................. STRUCTURE AND MANAGEMENT........................ . ACTIVITIES AND OBJEcfivES ........................-.-...................................... ... ACHIEVEMENTSAND PERFORMANCE... PUBLIC BENEFIT STATEMENT....................... .. .10 FINANCIAL REVIEW........................................-...... . .. .. .11 GOING CONCERN....................................... .11 RESERVES POLICY...................... ... ........... .11 RESPONSIBIUTIES IN RESPECT OF THE FINANCIAL sfATEMENTS.................................. .11 RISK REVIEW...................... . .12 FURTURE PLANS....................... .12 INDEPENDENT EXAMINERS REPORT...................... .14 STATEMENT OF FINANCIALAcfiviTY IINCLUDING INCOME AND EXPENDITURE ACCOUNT) .................16 BALANCE SHEEr................ .... . . .17 NOTESTOTHE ACCOUNTS.. .18
PEOPLE'S KITCHEN BELFAST Year ended 31 March 2024 CHARITY REFERENCE AND ADMINISTRATIVE DETAILS Charity Registration Number NIC 108172 Trustees Mr P McCu5ker Chairperson Mrs L Duffy Secretsry Mr T McQuillan Treasurer Mr D McNairney Mrs H Connolly Manager Mr P Mccusker Registered Office l Antrim Road Belfast BT15 2BE Independent Examiner Hopper & Co Chartered Accountants and Registered Auditors 6 Doagh Road Ballyclare Co Antrim BT39 9BG Banker5 Ulster Bank City Centre (B) Branch PO Box 232 11-16 Donegall Sq. East Belfast BTI SUB
PEOPLE'S KITCHEN BELFAST TRUSTEES REPORT Year ended 31 March 2024 TRUSTEES, ANNUAL REPORT (INCLUDING TRUSTEES, REPORT AND STRATEGIC REPORT) The Trustees present their report and the unaudited financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of the Statement of Recommended Practlce {SORP) "Accounting and Reporting by Charities ' (FRS102 Section IA) in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in notes to the financial statements and applicable accounting standards, 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kir*gdom and Republic of Ireland (FRS 102 Section IA), the charity's governing document, the Charities Act (Northem Ireland) 2008, Charities Act (Northern Ireland} 2013, The Chartties (Accounts and Reports) Regulations (Northern Ireland) 2015 and UK Generally ACpted Practice. TRUSTEES OF THE CHARITY The trustees who have Served during the year were as follows: Mr P Mccusker Chairperson Mrs L Duffy Secretary Mr T McQuillan Treasurer Mr D McNairney Mrs H Connolly REFERENCE AND ADMINISTRATIVE DETAILS The registered name of the charity is People's Kitchen Belfast, charity registration number: NIC 108172 Trustees Mr P McCu5ker Chairperson Mrs L Duffy Secretary Mr T McQuillan Treasurer Mr D McNairney Mrs H Connolly IAppointed 13 December 2023) Manager Mr P Mccusker Registered Office l Antrim Road Belfast BT15 2BE
PEOPLE'S KITCHEN BELFAST TRUSTEES REPORT {conVd) Year ended 31 March 2024 Independent Examiner Hopper & Co Chartered Accountants and Registered Auditors 6 Doagh Road Ballyclare Co Antrim BT39 9BG Bankers Ulster Bank City Centre (B) Branch PO Box 232 11-16 Donegall Sq. East Belfast BTI SUB STRucfuRE AND MANAGEMENT The People's Kttchen Belfast began life as St Patrick's Soup Kitchen, in April 2017. The project started with volunteers who wanted to support those experiencing homelessness and poverty, serving warm drinks and sandwiches from a tea trolley in a doorway. The soup kltchen grew as the need in the City was increasing and we had to enhance our servlces to respond to the need and now operate 7 days a week. People's Kitchen, Belfast has received approval by the Charity Commission Nl in July 2021 as a charity, reference number NIC 108172. People's Kltchen, Belfast condurt is governed by its Constltution. The Board of Trustees is responsible for the policy and strategy of the charity along with the financial and legal problty of the organisation and the appointment of members. The Board meets on at least a bi-monthly basis and receives regular management and financial reports. Members are recruited to ensure that representative skills and experlences are in place to deliver the charit¢s vision and that the mission and objectives are achieved. There are two classes of membership. individual and; affiliate. Any person can apply for Individual membership of the Company, providing they are not an employee. Application to become an individual member is open to anyone and is subject to approval of the Board of Trustees. Any organisation active within the area of benefit, whether voluntary or statutory, which subscribes to the Objects of the Charity can become an affiliate member. Potential
PEOPLE'S KITCHEN BELFAST TRusfEES REPORT (convd) Year ended 31 March 2024 Trustee5 are considered by the membership and eletted at a general meeting or Annual General Meeting of the charity. The Trustees have the power to Co-opt additlonal Trustees with particular skills, who need not be members of the Charity. The projett is managed by a Volunteer Co-ordinator, supported by a Series of Team Leaders who coordinate and organise a team of trained and experienced Volunteers. AcfiviTIES AND OBJECTIVES Providing a safety netfor people at vulnerable times our objectives include: Engaging with people who are in need because of. loneliness or isolatiori. food or fuel poverty; homelessness or the risk of homelessnessi people who are excluded from service5 or who are destitute or who have other similar needs Offering professional support and guidance provlded by a team of trained and dedicated volunteers Creating a safe, warm, and welcoming place, available to all Delivering food, clothln& sleeping bags and other essential services both within the premise5 and through outreach Committed to building a positive and lrfe affirrning environment, promoting confidence, resilience and self esteem Working together with professional partners to slgnpost people in need towards essential accommodation and healthcare provider ser4ices Supporting people onto paths out of poverty and homelessness towards independent living Providing an open door to all people in need and treating everyone wlth equal respett and dignity How we achieve our objectives: Homeless outreach- Ourteam responds to the needs of those who would be rough sleeping or at risk of rough sleeping in Belfast, attending to their basic needs and working wlth all agencies including Extern. NIHE. Belfast Trust and the PSNI to ensure those who require help are able to access it Food Bank- This service provided a response to those experiencing food poverty and volunteers worked hard to provide parcels throughout the week and making referral to the NBAP to help assist individuals out of poverty. Drop in service - Every Friday and Saturday, people experiencing poverty/homelessness can get access to a hot meal and emotional support and provided the opportunity to be referred to additional services if required
PEOPLE'S KITCHEN BELFAST TRUSTEES REPORT (convd) Year ended 31 March 2024 ACHIEVEMENTS AND PERFORMANCE The project continues to operate from l Antrim Road as our current main base and people who need our help have become familiar with thi5 location. As the need continuesto grow, People's Kitchen wlll respond to that need and look to develop new services. In time that may rnean looking for more suitable premises. We have continued to see an increase in the need for our services as numbers of those presentlng have doubled in six months. we had to adapt and review ourteams to ensure we were able to contlnue to provide an important service. At times we struggled to secure funding and worried about the financial stability of the project and without the gener05tty of the public we would not be able to continue to provide all of our services. We have taken the lead in organising a number of marches and events to highlight the increasing deaths relating to drug addiction and mental health, we particularly were concerned about the amount of deaths on the streets and the public joined us in calling for more joint UP services and an increase in access to services for those experiencing homelessness, addiction and mental health issues. Peoples Kitchen took the lead also in organislng a round tsble discussion with all political parties in Stormont along with familles who were impacted asking for their support to call for change. This work continues with the "Empty Shoes" Lost Lives" campaign. We continue with this campaigning through meeting with government departments calling on better services for those experiencing hornelessness/addiction problems. Our volunteers are provided with regular training which includes first aid. naloxone dispensing and working with vulnerable adults, our focus is always for the development of our volunteer team and we plan to offer more training in the new year. Over the past number of years, we have been able to support several individualsto access iehabilitstion in Liverpool and parts of England. It was fantastic to see the change with them as they stsrted recovery, and some are now back volunteering at the project. We have over fifty volunteers that provide support across all of our services and give theirtime generously to support those in need, we couldn't do the work without the commitment and dedication of them all and we aim to focus on more development of our teams. 71Page
PEOPLE'S KITCHEN BEIFAST TRUSTEES REPORT (¢onVd) Year ended 31 March 2024 Throughout the year we have had a number of agencies/businesses that help support our work with volunteering that include Department for Communtties, Extern, Ulster Bank etc.. they have provided a lifeline at time5 when the project was under extreme pressure. The People's Kitchen supports a number of people who experience iSSLkes across Belfast, and we provide services to people who are homeless or at risk of homeless including people experiencing addiction, people who are seeking Asylum or are Refugees, ex-offenders and prisoner5, people from an Ethnic Minority, including people from the Irish Traveller Communityi people with disabilities or mental health concerns. people with HIVIAIDS. people living In poverty or deprivation, irrespective of community location, including men, women and children, older and younger people, tenants and home owners, virtims. We also provide advice and information on our work to the General Public, volunteers and our partners in the voluntary and community sector. As a charity, we offer advice/advocacy/information, aim to find or refer to accommodation/housing provision, including emergency accommodation. though that is getting much harder: we provide Coullsellinglsupport educatlon/training. general welfare/benevolent support. In oijr general charitable purposes, we are seeking to help alleviate poverty. We participate in research and ev31uation of the lived experience of homelessness when required. The Peoples Kitchen Belfast has been able to run a number of initiatives looking at education and working alongside local youth providers and have worked with over 2500 young people across the City looking at prevention, empowerment and some of these young people have been able to secure employment in the homeless sector. Our focus is on prevention and how we stop individuals from experienclng homelessness. Particularly aroijnd winter months, there can be an Increase in deaths of people who are living In homes that aren't warm, so its important people are aware of what support 15 available for them through Belfast City Council and the Housing Executive and through all those agencies who can provide assistan to stay lidarm. One of the things we wanted to do was to get into the community and share that Information but also bring a bit of joy to them. That is why we have a drop-in service every Friday and Saturday night because our homeless visitors get a dinner, they get a dessert and they are warm and can soclalise. People's Kitchen is about reaching out to the people in the communltywho are isolated and feel detsched from services.
PEOPLE'S KITCHEN BELFAsr TRUSTEES REPORT (confd) Year ended 31 March 2024 The following is a breakdown of numbers of those people who have used the service during 2023124, Outreach contacts on the streets- 21A40 Food parcels- 27,500 Drop In meals- 24,200 People who used our services benefrted from the People's Kitchen in several ways including, Securing suttable accommodation for those at risk of street sleeplng through an outreach programme who also have the training to administer lifesaving medical treatment to those on the street. Provision of a drop-in service forthose at risk of homelessness and poverty to access advice and support that they require. Alleviating poverty through the provision of food, clothing and welfare advice with a view of assisting the individual out of poverty and ensuring they have access to the appropriate services. Liaising wlth the Belfast Trust and addiction services to sign post and refer those at r15k of substance misuse and self-harm into support Improving the lives of those who use our service to a55i5t to a more independent and healthier life. Helping indlviduals sustain their tenancy and providing a multi-agency approach to ensure those who use our service receive tsilored 5UPPOrt to meet their needs. Identifying those at risk of homelessness and poverty to prevent them from reaching a crisis situation and reducing the stress of those individuals. Benefits frorn the above purposes are measured over time by the census, other regional housing and economic statistics, research, studies and surveys along with regular and long-term measures of health and wellbeing measuring health equity and inequalities and government publications showing government targets. All volunteers have the professional trainin8 provided by People's Kitchen and our volunteers benefit those who are homeless, Familles in need, Asylum Seekers/Refugees, those experiencing poor health and addiction issues, Ex-offenders and prisoners, Ethnic Minorlties, Unemployedllow income, Young People, Older People, Wictim Support, Isolated and lonelyi People with physical and learning disabilÈties and experiencing mental health problems. Our team of volunteers have been working extremely hard over the past number of years to support those in need and we couldn't do this without SUPPOrt from the public and businesses such as
PEOPLE'S KITCHEN BELFAST TRUSTEE5 REPORT (conyd) Year ended 31 March 2024 Hendersons, PRM and those who continue to donate financially or give their time to support the project. PUBUC BENEFIT STATEMENr The Board of the People's Kitchen Belfast confirm that they have had due regard for the guidance produced on public benefit by the Charity Commission for Northern Ireland, and are pleased to report that during the year the charity has continued to provide public benefits through the programmes and services we offer. In particular. the trustees consider how planned activities will contribute to the aims and objectives they have set out. Publlc Beneflts: Benefits from the Peoples Kitchen Belfast include, Securing sultable accommodation for those at risk of street sleeping through an outreach programme who also have the training to administer life savlng medical treatment to those on the street. Provision of a drop in Servi for those at risk of homelessness and poverty to access advice and support that they require. Elevating poverty through the provision of food, clothing and welfare advice with a view of assisting the individual out of poverty and ensuring they have access to the appropriate services. Liaising wlth the Belfast Trust and addiction services to sign post and refer those at risk of substance misuse and self harm into SUPPOrt. Improve the lives of those who use our service to assist to a live a more independent and healthier life. Helping individuals sustain their tenancy and provlding a multi agency approach to ensure those who use our service receive tailored support to meet their needs. Identify those at risk of homelessness and poverty to prevent them from achIng a crisis situation and feducing the stress of those individuals. Benefts from the above purposes are measured over time by the nsU5, other regional housing and economic statistics. research, studies and surveys along with regular and long term measures of health and wellbeing measuring health equity and inequalitieg and government publications showing government tsrgets. In providing medlcal treatment for those using our services there is unattended risk for the administration of Naloxone however this is rare and the benefits outweigh the harm. All volunteers have the professional training Peoples Kitchen Benefits are provided to those who are homeless, Families in need, Asylum Seekers/Refugees, IOIPage
PEOPLE'S KITCHEN BELFAST TRUSTEES REPORT (convd) Year ended 31 March 2024 Those experiencing poor health and addiction i55ues, Ex-offenders and prisoner5, Ethnic Minorities, Unemployed/low income, Young People, Older People, Victim Support, Isolated and lonely, People with physical and learning disabilities, Mental health There is no private benefitfrom this is more than incidental. FINANCIAL REVIEW The charity, s incoming recourse for the year amounted to £166,946 (2023.. £241,116}. Principal sources of funding are from grants and donations. The outgoing expenditure for the year amounted to £203,910 12023 £170.106) The net outgoings for the year amounted to £36,964 (2023: incoming £71,010). The Charity is extremely gratefijl to all its donors, without whose support People's Kitchen Belfast would not be able to run a number of its activities. GOING CONCERN The activities of the trustees are dependent on ongoing contributlons from its members. The Trustees are of the opinion that the trustees has sufficient resources at the date of approval of these financlal statements to meet commitments which will arise in the year from the date of signing this report and subject to the continuing siJPPOrt from member5 to fvnd on an ongoing basis the trustee's current activities and other financial commitments. RESERVES POLICY The Trustees have established a policy whereby the unrestrirted funds not committed or invested In tangible fixed assets ('the free reserves,) held bythe charitytaking into account of current and ongoing commitments. It is the policrf of the Trustees to hold between two and six month's normal expenditu this equate to between £31,459 and £94,377. At the year-end unrestricted 'f ree, reserves were £80,694 and are within the target level of reserves. The Trustees, however, consider it prudent to hold reserves at this level as the funding of its present artivities is dependent of the ongoing financial support of its funders. RESPONSIBILITIES IN RE5PEcf OF THE FINANCIAL STATEMENTS The trustees 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). Charity law requires the trustees to prepare financial statements for each financial year whlch give a true and fair view of the state of affairs of the charity and of the incoming reSoUrS and application of 11 I Page
PEOPLE'S KrrcHEN BELFAST TRUSTEES REPORT {conYd) Year ended 31 March 2024 resources, including the income and expenditure, of the charity forthat period. In preparing these financial statements, the trustees are required to. selett suitable accounting policies and then apply them consistently. observe the methods and princlples in the Charities SORP 2019 (FRS102); make judgements and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed , subjert to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charity will continue to operate. 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 Charities Act (Northern Ireland) 2008 and Charities Att (Northern Ireland) 2013 and Chartties (Accounts and Reports) Regulations (Northern Ireland) 2015. They are also responsible for safeguarding the assets of the charity and hence fortaking reasonable steps for the prevention and detectlon of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charitable company's website. Legislation in the United Klngdom governing the preparation and dissemination of financial statements may differ from leglslation in other jurisdictions. RISK REVIEW A review of major risks has been undertaken by the Trustees and systems and procedures implemented to manage identified risks. The principal risks are in relation to the likelihood of reputational damage and financial risks associated with the expectation of ongoingfinancial support from funders. These risks are mitigated by the Trustees regularly monitoring the various activities of the charity at stated meetings and by reviewing available funding streams. FURTURE PLANS As we move into 2024/25 we hope to continue to develop the project and work on a 10 year strategic plan looking at the long term future to ensure the sustainability and to ensure we are meeting the needs of those who need our support. We are very thankful to all those who have support their support as we couldn't do it without your help and support 121Page
PEOPLE'S KITCHEN BELFAST TRUSTEES REPORT (conVd} Year ended 31 March 2024 Disdosure of Informatlon to Independent Examiner So far as each of the trustee5 in office at the date of approval of these financial statements is aware: there is no relevant information of which the charitWs independent examiner is unaware; and they have taken all the steps that they ought to have taken as trustees in order to make themselves aware of any relevant information for the independent examination and to establish that the charitys independent examiner is aware of that information. Independent ExamEner Hopper & Co., have indicated their willingness to remain in office and a resolution for their re-election will be proposed at the forthcoming Annual General Meeting. Approved by the trustees at a meeting on 14 December 2024 and signed on its behalf by: Mr P Mccusker Chairperson & Trustee Mrs L Duffy Se£retary & Trustee
PEOPLE'S KrrcHEN BELFAST INDEpENDEr EXAMINERS REPORT Year ended 31 March 2024 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF PEOPLE'S KrrcHEN BELFAsr I report on the financial statements of People's Kitchen Belfast forthe year ended 31st March 2Q24 which are contsined wtthin the 2024 Annual Report. Respective responsibilities of trustees and independent examlner People's Kitchen Belfast trustees are responsible for the preparation of the financial statements in accordance with the tertns of the Charities Act (Northern Ireland) 2008. People's Kitchen Belfast trustees considerthat an audit is not required under Section 65(2) (audit) of the Charities Act (Northem Ireland) 2008 forthe year and that an independent examination under section 64(1) of the Charities Act (Northern Ireland) 2008 is required. It is my responsibility to: examine the accounts to State whether particular matters have come to my attention. Basls of independent examiner'5 report My examination was carrled out undersectlon 65 of the Charities Act (Northern Ireland) 2008. An examination includes a review of the accounting records kept by the Church and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from the trustees concerning any such matters. The procedures do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements. Independent examiner's statement In the course of my examination, no matter has come to my attention.. (l) whlch gives me reasonable Cause to believe that in any material respett the requlrements: to keep proper accounting records in accordance with Section 63 of the charlties Act (Northern Ireland) 2008. and to prepare financial statements which accord with the accounting records in accordance with Section 64 of the Charities Act (Northern Ireland> 2008 have not been met. or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. 141 Page
S Hopper FCA Partner Hopper & Co 151Page
PEOPLE'S KITCHEN BELFAsr STATEMENT OF FINANCIAL Acrivrry (INCLUDING INCOME AND EXPENDITURE ACCOUNT) for the year ended 31 March 2024 Note Unrestrirted RestrScted Funds Funds Total 2024 Total 2023 Income from: Donations and legacies Investment Income other 151.790 15,156 166,946 241,116 Total Income 151,790 15,156 166,946 241,116 Expenditure on: Charitable activities 188,754 15,156 203,910 170,106 Total Expenditure 188,754 15,156 203,910 170,106 Net (Outgoing)/lncome Transfers between funds (36,964) (36,964) 71.010 Net movement in funds Funds brought for4vard (36,964} 140,559 (36,964) 140.559 71,010 69,549 Funds carried forward 12 103,595 103,595 140,559 All income and expenditure derive from continuing activities. The statement of financial activities includes all gains and losses recognised duringthe year. 161Page
PEOPLE'S KITCHEN BELFAST BALANCE SHEET As at 31 March 2024 Note 2024 2023 Fixed Assets Tangible Fixed Assets Total fixed assets 35,850 35,850 36,613 36,613 Current Assets Debtors Cash and cash equivalents Total current assets io 2,16f 95,923 98.090 2,167 103,459 105,626 CredÈtors-amounts falling due within one year Total creditors li 30,345 30,345 1,680 1,680 Net Current A$setS 67,745 Total net Assets 103,595 140,559 Funds of the charity Unrestrirted funds General funds Totsl unrestrirted funds Restrirted Funds 12 103 595 140,559 140,559 103,595 12 Total charity *und5 103,595 140,559 These financial statements were approved by the board of trustees and authorised fDr issue on 13 December 2024 and are signed on behalf of the board by: Mr Paul McCu5ker Trustee The notes on pages 18 to 28 form part of these financial statements. 171 age
PEOPLE'S KrrcHEN BELFAST NOTES TO THE ACCOUNTS for the year ended 31 March 2024 I. ACCOUNTING POUCIES General information and basis of preparatlon People's Kitchen, Belfast is a chartty registered with the Charity Commission Nl, reference number NIC 108172. The address of the registered office Is given in the charity information on page l of these financial statement5. People's Kitchen, Belfast conduct is governed by its Constitution The charity constitutes a public benefit entity as defsned by FRS 102. Statement of compllan The financial statements have been prepared in accordance with the accounting policies set out in note5 to the financial statements and applicable accounting standards, Accounting and Reporting by Charities: Ststement of Recomrnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 (FRS102), the charit¢s governing document, the Charities Act (Northern Ireland} 2008, Charities Act {Northern Ireland) 2013, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and UK Generally Accepted Prattl. The financial statements are prepared on a going concern basis under the historical cost conventlon. The financial statements are prepared in sterling which is the funttional currency of the charity rounded to the nearest £1. The significant accounting policies applied in the preparation of these financial statements are set out below. The trustee5 consider that these policies are suitable. have been consistently applied and are supported by reasonable and prudent judgements and estimates. FUND ACCOUNTING The charity has various types of funds forwhich it is responsible, and which require separate disclosure. A definition of the various types of funds is as follows: Restricted funds comprise (a) Income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific charitable activity intended by the donor. Where these funds have unspent balans, interest on their pooled investment is apportioned to the individual funds on an average balance basis. 18jPage
PEOPLE'S KtrcHEN BELFAST NOTES TO THE ACCOUNTS ¢conVd) 31 March 2024 Unrestricted funds are funds which are expendable at the dlscretion of the Charity in furtherance of its objectives. In addition to expenditure on activities such funds may be held in order to finan capital investment and working capital. Designated funds are general funds set aside by the trustees for use in the future. INCOMING RESOURCES All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met. the amount can be measured reliably. and it is Probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity, and it Is probable that they will be fulfilled. Voluntary income received by way of donations and gift is credited to revenue on a receivable basis. The charity receives grants in respect of support services. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be reived, and the amount can be measured rdiably. If entitlement is not met. then these amounts are deferred. Revenue grants are credited to incoming resources on the earlier date of when they are received or when they are receivable unless they relate to a specified future period. Other Income represents income that cannot be reported under the other analysi5 headings provided within the SOFA. Incoming resources with related expenditure Where incoming resources have related expenditure (as with Insuran proceeds) the Incoming resources and related expenditure are reported gross in the SOFA. 191Page
PEOPLE'S KITCHEN BELFAsr NOTES TO THE ACCOUNTS (convd) 31 March 2024 (li) Grants and donatlons Grants and donations are only included In the SOFA when the charity has unconditional entitlement to the resources. Tax reclalm5 on donatlons and gifts Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. (iv) Contractual income and performance related grants This is only included in the SOFA once the related goods or services have been delivered. (v) Gifts In kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or dlstributed by the charity. Gifts in klnd for use by the charity are included in the SOFA a5 ifFcoming resources when receivable. {) Donated services and faclllties These are only included in Incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value place on these resources is the estimated value to the charity of the service or facility received. (vii) Investment Income This is included in the accounts in the period to which it relates. (viii) Investment galns and losses This indudes any gain or loss on the sale of investments and any gain or105s resulting from revaluing investments to market value at the end of the year. EXPENDITURE AND LIABIUTIES All expenditure is accounted for on an accruals basis and has been classrfied under headings that aggregate all costs related to the category. It is categorised under the following heading5: Expenditure on charitable activities comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries and include5 salary costs. support service expenses, and an apportionment of support costs; Other expenditure represents those items not falling into the categories above. 201 Page
PEOPLE'S KITCHEN BELFAST NOTES TO THE ACCour5 (convd) 31 March 2024 Liability recognition Liabilities are recognised.where there Is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligatlon can be measured reliably. Governance costs These are shown within charftable activities and include the costs of preparation and examination of accounts, the costs of trustee meetings and cost of any legal advi to trustees on governance or constitutional matters. lili) Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, SLJch grants are only recognised in the SOFA On the reclpient of the grant has provided the specified service or output. (iv) Grants payable without perfomiance condltlons These are only recognised in the accounts when a commltment has been made and there are no conditions to be met relating to the grant which remain In the control of the charity. (v) Support costs Support costs are those that assist the work of the charlty but do not directly represent charltable activities and include Offi costs, governance costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings, they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Premises overheads have been allocated on a basis consistent with the use of the resources. Staff costs and other overheads have been allocated based on time spent, per capita and activity. Employee benefits When employees have rendered service to the charity, sholt-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. Value Added Tax The charity is not registered for VAT purposes, therefore expendlture is shown gross of VAT. 211 Page
PEOPLE'S KITCHEN BELFAST NOTES TO THE ACCOUNTS (conf d 31 March 2024 ASSETS Tangible fixed Assets The cost of tangible fixed assets is their purchase cost, together with any incidental costs of acquisltion. Depreciation is calculated so as to write off the cost of tangible fixed assets, less their estimated residual values, on a straight-line basis over the expected useful economic lives of the a55ets COnrned. The principal annual rates used are as follows: Office IT & Equipment Kitchen Plant & Equipment Motor vehicles 33% Straight line 20% Straight line 25Yo Reducing balance In accordance with FRS102, assets under construction are not depreciated until such times as they are available for use. Where the recoverable amourrt of a fixed asset is found to be below its net book value, the asset is written down to the recoverable figure and the Ioss on impairment is recognised in the SOFA. (11) Investments Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trusteeg best estimate of market value. Leases Rentals payable under operating leases are charged to the SOFA on a straight-line basis over the period of the lease. Tax The Charity benefits from various exemption5 afforded bytax leglslation. It is therefore not liable to corporation tax on income or gains falling due within those exemptions. Recovery is made of tax deducted from receipts under gift aid. Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material unceltaintie5 exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. Judgements and key sources of estimation unrtainty The following judgements including those involving estimates have been made in the process of applying the above accounting policies that have had the most significant effect on the amounts 22jPage
PEOPLE'S KITCHEN BELFAsr NOTES TO THE ACCOUKFS (conYd} 31 March 2024 recognised in the financial statements and that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year: depreciation method and asset useful lives The estimate5 and assumptions are reviewed on an ongoing basis considering the current and future market conditions. 2. DONATIONS AND LEGACIES Unrestricted Restrirted Funds Funds Total 2024 Donations and gifts 151,790 15, 156 166,946 151,790 15,156 166,946 Unrestrlcted Restricted Funds Funds Totsl 2023 Donations and gifts 241,116 241,116 241,116 241,116 3. INVESTMENT INCOME Unrestricted Funds Restricted Funds Total 2024 Total 2023 Deposit interest 231Page
PEOPLE'S KITCHEN BELFASr NOTES TO THE AccouNfs {conYd) 31 March 2024 4. OTHER INCOME Unrestricted Funds Restricted Funds Total 2024 Total 2023 Other Income 5. CHARITABLE AcfiviTIES Vnrestricted Funds Restricted Funds Total 2024 Totsl 2023 Employment Costs Direct Costs Establishment Costs Repairs and Maintenance Profit on Disposal of Flxed Assets Depreciation Motor & Travel Costs Sundry Expenses Governance costs {note 6) 6,485 106,997 36,146 1,233 8,078 10,347 6,166 12.222 1,080 6,485 117,399 40,899 1,233 8.078 10.347 6,166 12,222 1,080 6,990 99,904 31.551 5,497 10,402 4,754 7,935 7,162 9,387 1,680 188.754 15,156 203,910 170,106 6. GOVERNANCE COSTS Unrestrictsd Funds Restricted Funds Total 2024 Total 2023 Independent Examination fees 1,080 1,080 1,680 1,080 1,080 1,680 241Page
PEOPLE'S KITCHEN BELFAST NOTES TO THE ACCOUNTS (convd) 31 March 2024 7. EMPLOYEES Employment Costs Total Funds 2024 Total Funds 2023 Wages and Salaries (Including soclal security) 6,485 6,990 6,485 6,990 Number of Employees The average number of employees expressed as full-time equivalents, during the year was; Total 2024 Total 2023 Average number of employees No Employees received total employee benefits (excluding pension costs) of more than £60,000 8. TAXATION The charity is a registered charity. and as such is entitled to certain tsx exemptions on income and profit5 from investments, and surpluses on anytrading artivities carried out in the fvrtherance of the charity'5 primary objectives, if these profrts and surpluse5 are applied solely for charitable purpose5. The charity is not registered for VAT and, accordingly, all their expenditure is inclusive of any VAT incurred. 251Page
PEOPLE'S KrrcHEN BELFAST NOTES TO THE ACCOUNTS (conVd} 31 March 2024 9. TANGIBLE FIXED ASSETS Flxtures Motor Vehicles Fittings Total Cost At beginning of the year Additlons Disposals At end of the year 12,000 17,159 (12,000} 17.159 32,773 44,773 17,159 (12,000) 49,932 32.773 Depreciation At beginning of the year Depreciation Disposals At end of the year 3,188 3,237 (3,9221 2,503 4,972 6,607 8.160 9,844 (3,922) 14,082 11,579 Net book value at beginning of the year Net book value at end of the year 8,813 14,656 27,801 21,194 36,613 35,850 10. DEBTORS 2024 2023 Prepayments and accrued income 2. 167 2,167 2,167 2,167 11. CREDITORS 2024 2023 Accruals Creditors Hlre Purchase 1,080 16,316 12,949 30,345 1,680 1,680 261Page
PEOPLE'S KITCHEN BELFAST NOTES TO THE ACCOUNTS (convd) 31 March Z024 12. FUND BALANCES Fund Balance at start Income Expendrtur Surplus / Transfer {Deficlt) Balance at end Unrestrirted Funds General fund 140,559 151,790 {188,754) 136,964) 103.595 140,559 151.790 (188,7541 (36,964} 103,595 Restrlcted Funds Voucher Project 15,156 115,1561 Total 140,559 166,946 (203,910) (36,964) 103,595 13. ANALYSIS OF NEf ASSEfs BETWEEN FUNDS Unrestrirted Restricted Funds Funds Total 2024 Fixed Assets Net Current A55ets 35,850 67,745 35,850 67,745 103,595 103,595 Unrestrirted Restricted Funds Funds Total 2023 Fixed Assets Net Current Assets 36,613 103,946 36,613 103,946 140,559 140,559 271 Page
PEOPLE'S KITCHEN BELFAST NOTES TO THE ACCOUNTS (cont'd) 31 March 2024 14. FINANCIAL COMMITMENT No contracts had been placed for future capital expenditure at the balance sheet date 15. EfHICAL STANDARDS In common with many other organisations of our size and nature, we use our independent examiner to prepare and assist in the preparation of the financial Statements. 16. RELATED PARTIES There were no related party transactions during the year (2024: £Nil). 281Page