PEOPLE'S KITCHEN BELFAST Trustees Annual Report and Unaudited Financial Statements for the year ended 31 March 2025 Reglstered Charlty in Northern Ireland (NIC108172) Pagell
PEOPLE'S KITCHEN BELFAST Financial Statements Year ended 31 March 2025 Contents CHARITY REFERENCE AND ADMINISTRATIVE DETAILS................................................................................ TRUSTEES, ANNUAL REPORT (INCLUDING TRUSTEES, REPORT AND STRATEGIC REPORT)........................ TRUSTEES OF THE CHARITY....................................................................................................................... REFERENCE AND ADMINISTRATIVE DETAILS ........................................................................................... STRUCTURE AND MANAGEMENT......................................................................................... ............. ..... AcfiviTIES AND OBJECTIVES .................................................................................................................... ACHIEVEMENTS AND PERFORMANCE..................................................................................................... PUBLIC BENEFIT STATEMENT..................................................................................................................10 FINANCIAL REVIEW.................................................................................................................................11 GOING CONCERN....................................................................................................................................11 RESERVES POLICY....................................................................................................................................11 RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEMENTS ................................... .....................11 RISK REVIEW............................................................................................................................................12 FURTURE PLANS......................................................................................................................................12 INDEPENDENT EXAMINERS REPORT..........................................................................................................14 STATEMENT OF FINANCIAL ACTIVITY (INCLUDING INCOME AND EXPENDITURE ACCOUNT} ................,16 BALANCE SHEET...........................................................................................................................................17 NOTESTOTHE AccoUrs..........................................................................................................................I8
PEOPLE'S KITCHEN BELFAST TRUSTEE REPORT Year ended 31 March2025 CHARITY REFERENCE AND ADMINISTRATIVE DETAILS Charity Registration Number NIC 108172 Trustees Mr P Mccusker Chairperson Mr T McQuillan Treasurer Mrs H O, Brien (Secretary) Mr D McNairney 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 Bankers 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 March2025 TRUSTEES. ANNUAL REPORT (INCLUDING TRUSTEES, REPORT AND STRATEGIC REPORT) The Trustees present their report and the unaudited financial statement5 of the charity for the year ended 31, March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice ISORPI 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 account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reportin8 Standard applicable in the United Kingdom and Republic of Ireland IFRS 102 Section IA), the charity'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 Practice. TRUSTEES OF THE CHARITY The Trustees who have served during the year were as follows: Mr P Mccusker Chairperson Mrs L Duffy Secretary {resigned 8.12.2025) Mr T McQuillan Treasurer Mr D McNairney Mrs H O, Brien REFERENCE AND ADMINISTRATIVE DETAILS The registered name of the charity is People's Kitchen Belfast, charity reglstration number: NIC 108172 Trustees Mr P Mccusker Chairperson Mrs H O, Brien (Secretary) Mr T McQuillan Treasurer Mr D McNairnev Manager Mr P Mccusker Registered Office l Antrim Road Belfast BT15 2BE 41page
PEOPLE'S KrrcHEN BELFAST TRUSTEES REPORT (convd) Year ended 31 March2024 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 Kitchen 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 kitchen grew as the need in the City was increasing and we had to enhance our services 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 charitv, reference number NIC 108172. People's Kitchen, Belfasts, conduct is governed by its Constitution. The Board of Trustees is responsible for the policy and strategy of the charity along with the financial and legal probity 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 experiences are in place to deliver the charit¢s vision and that the mission and objectives are achieved. There are two classes of membership;
PEOPLE'S KITCHEN BELFAST TRUSTEES REPORT {conVd) Year ended 31 March 2024 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 Trustees are considered by the membership and elected at a general meeting or Annual General Meeting of the charity. The Trustees have the power to co-opt additional Trustees with particular skills, who need not be members of the Charity. The project 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 net for people at vulnerable times our objectives include: Engaging with people who are in need because of; loneliness or isolation; food or fuel poverty,. homelessness or the risk of homelessness; people who are excluded from services or who are destitute or who have other similar needs Offering professional support and guidance provided by a team of trained and dedicated volunteers Creating a safe, warm, and welcoming place, available to all Delivering food, clothing, sleeping bags and other essential services both within the premises and through outreach Comrnitted to building a positive and life affirming environment, promoting confidence. resilience and self esteem Working together with professional partners to signpost people in need towards essential accommodation and healthcare provider services Supporting people onto paths out of poverty and homelessness towards independent living Providing an open door to all people in need and treating everyone with equal respect and dignity How we achieve our objectives: Homeless outreach - Our team 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 with all agencies including Extern. NIHE, Welcome Organisation. Belfast Trust and the PSNI to ensure those who require help are able to access it 61page
PEOPLE'S KITCHEN BELFAST TRusfEES REPORT (convd) Year ended 31 March2025 Breakfast Mornings- We provide a breakfasts from Monday to Thursday between 830am and 11am for those sleeping rough and experiencing homelessness, while providing breakfasts we also make referrals to the NIHE and support agencies for those presenting Drop in seNice- Every Friday and Saturday, people experiencing poverty/homelessness can get acce55 to a hot meal and emotional support and provided the opportunity to be referred to additional services if required 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 this location. As the need continues to grow, People's Kitchen will 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 serrfices as numbers of those presenting for support have doubled in the past year and we expect these numbers will continue to rise, we had to adapt and review our teams to ensure we were able to continue to provide an important service. At times we struggled to secure funding and worried about the financial stability of the project and without the generosity 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 organising a round table discussion wrth all political parties in Stormont along with families 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 homelessness/addiction problems. This year we have launched our "End Rough Sleeping Charterf, to ask MLA'S and MP'S to sign a charter to commit to ending rough sleepin& while many have signed this our next call 15 to ask for an action plan and a response on making this a reality. We have seen no progress since the launch of this charter at Stormont. 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. 71page
PEOPLE'S KITCHEN BELFAST TRUSTEES REPORT (convd) Year ended 31 March2025 We have over fifty volunteers that provide support across all of our sen4ices and give their time generously to support those in need, we couldn't do the work without their commitment and dedication and we aim to focus on even more development of our team5. The People's Kitchen supports a number of people who experience issues 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 prisoners,people from an Ethnic Minority, including people from the Irish Traveller Community, people with disabilities or mental health concerns, people with HIV/AIDS, people living in poverty or deprivation, irrespective of community location. including men, women and children. older and younger people, tenants and home owners, victims. 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, we aim to find or refer to accommodation/housing provision, including emergency accommodation, though that is getting much harder: we provide counselling/support, education/training, general welfare/benevolent support. In our general charitable purposes, we are seeking to help alleviate poverty. We participate in research and evaluation of the lived experience of homelessness when required. The Peoples Kitchen Belfast has been able to run a number of initiatives looking at prevention and empowerment providing educational and awareness sessions to a number of youth providers across Belfast and have worked with thousands of young people throughout the City educating them on homelessness. Our focus is on prevention and how to stop individuals from experiencing homelessness. Particularly around 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 is available for them through Belfast City Council and the Housing Executive and through all those agencies who can provide assistance to stay warm. We have been also able to provide temporary accommodation for those in crisis working with local B&B providers and sUPPOrting many individuals into long term accommodation and reducing the amount of those who are sleeping rough. People's Kitchen is about reaching out to the people in the community who are isolated and feel detached from services and helping them with long term plans out of homelessness and poverty. 81page
PEOPLE'S KITCHEN BELFAST TRUSTEES REPORT {conVd) Year ended 31 March2025 The following is a breakdown of numbers of those people who have used the service during 2024125, Outreach contacts on the streets of Belfast- 34.520 Provision of Breakfast- 28.350 Drop in meals- 32,350 People who used our services benefited from the People's Kitchen in several ways including, Securing suitable accommodation for those at risk of street sleeping through an outreach programme who also have the training to adrninister lifesaving medical treatment to those on the street. Provision of a drop-in service for those 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 asslsting the individual out of poverty and ensuring they have access to the appropriate services. Liaising with the Belfast Trust and addiction seniices to sign post and refer those at risk of substance misuse and self-harm into support Improving the lives of those who use our service to assist to a more independent and healthier life. Helping individuals sustain their tenanry and providing a multi-agenoi approach to ensure those who use our service receive tailored support 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 from 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 training provided by People's Kitchen and our volunteer5 benefit those who are homeless, Families in need, Asylum Seekers/Refugees. those experiencing poor health and addiction issues. Ex-offenders and prisoners, Ethnic Minorities, Unemployed/low income, Young People, Older People, Victim Support, Isolated and lonely. People with physical and learning disabilities 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 raising funds through fundraising events and businesses, charitws such as Hendersons, Irwin'5, Hovis, Belfast Charitable Society, family trusts and those who continue to donate financially or give their time to support the project. The work would not be possible without this SUPPOrt. 91 Page
PEOPLE'S KITCHEN BELFAST TRUSTEES REPORT (convd) Year ended 31 March 2025 PUBLIC BENEFIT STATEMENT 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 programs and services we offer. In particular, the trustees consider how planned activities wlll contribute to the aims and objectives they have set out. Publlc Beneffts: Benefits from the Peoples Kitchen Belfast include, Securing suitable accommodation for those at risk of street sleeping through an outreach programme who also have the training to administer life saving medical treatment to those on the street. Provision of a drop in Service for those 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 acce55 to the appropriate services. Liaising with the Belfast Trust and addiction services to signpost and refer those at risk of substance misuse and self harm into 5UPPOrt. 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 providing 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 reaching a crisis 51tuation and reducing the stress of those individuals. Benefits from 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. In providing medical 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, those experiencing poor health and addiction issues, Ex-offenders and prisoners, 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 benefit from this charity and if any occurs it 15 unintended and incidental. lol Page
PEOPLE'S KITCHEN BELFAST TRUSTEES REPORT (convd) Year ended 31 March2025 FINANCIAL REVIEW The charity, s incoming recourse for the year amounted to £232,287(2024". £166,946). Principal sources of funding are from grants and donations. The outgoing expenditure for the year amounted to £226,469 {2024: £203,910) The net incomings for the year amounted to £5818 (2024: incoming £36,964). The Charity is extremely grateful 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 contributions from its members. The Trustees are of the opinion that the Trustees has sufficient resources at the date of approval of these financial statements to meet commitments which will arise in the year from the date of signing this report and subject to the continuing support from rnembers to fund on an ongoing basis the trustee's current activities and other financial commitments. RESERVES POLICY The Trustees have considered the level of unrestricted reserves that it is appropriate to hold taking account of current and ongoing commitments. It is the policy of the Trustees to hold between two and six month's normal expenditure this equate to between £32.742 and £98,226. At the year-end unrestricted 'free' reserves were £72.229 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 activities is dependent of the ongoing financial support of its funders. RESPONSIBIUTIES IN RESPECT OF TrIE 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 which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources. including the incorne and expenditure, of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently. Illpage
PEOPLE'S KITCHEN BELFAST TRUSTEES REPORT (convd) Year ended 31 March2025 observe the methods and principles 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 , 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 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 Act (Northern Ireland) 2013 and Charitie5 (Accounts and Reports) Regulations (Northern Ireland) 2015. They are a150 re5pon5ible for safeguarding the assets of the charity 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 charity and financial information included on the charitable company's webslte. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdittions. 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 expertation of ongoing financial support from funders. These risks are mitigated by the Trustees regularly monitoring the various activities of the charity at stated meeting5 and by reviewing available funding streams. FURTURE PLANS As we move into 2025126 we hope to continue to develop the project and work on our 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 March2025 Disclosure of Information to Independent Examiner So far as each of the trustees in office at the date of approval of these financial statements is aware: there is no relevant information of which the chariVs 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 inforrnation. Independent Examiner 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. th Approved by the trustees at a meeting on 8 of December 2025 and signed on its behalf by: Mr Mccusker Chairperson& Trustee Mr lan Treasurer & Trustee 131page
PEOPLE'S KITCHEN BELFAST INDEPENDENT EXAMINERS REPORT Year ended 31 March 2025 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF PEOPLE'S KITCHEN BELFAST I report on the financial statements of People's Kitchen Belfast for the year ended 31st March 2025 which are contained within the 2025 Annual Report. Re5pertive responsibilities of trustees and independent examiner People's Kitchen Belfast trustees are responsible for the preparation of the financial statements in accordance with the terms of the Charitie5 Act (Northern Ireland) 2008. People's Kitchen Belfast trustees consider that an audit is not required under section 65(2} (audit) of the Charities Act (Northern Ireland) 2008 for the 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. Basis of independent examiner's report My examination was carried out under Section 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) which gives me reasonable cause to believe that in any material respect the requirements: to keep proper accounting records in accordance with Section 63 of the charities Act {Northern Ireland) 2008, and to prepare financial statements which accord with the accounting records in accordance with Section 64 of the Charities Att (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. 141page
S Hopper FCA Partner Hopper & Co
PEOPLE'S KITCHEN BELFAST STATEMENT OF FINANCIAL AcnviTY (INCLUDING INCOME AND EXPENDITURE ACCOUNTI for the year ended 31 March 2025 Note Unrestricted Funds Restrirted Funds Total 2025 Total 2024 Income from: Donations and legacies Investment Income Other 182,287 50,000 232,287 166,946 Total Income 182,287 50,000 232,287 166,946 Expenditure on: Charitable activities 196,453 30,016 226,469 203.910 Total Expendlture 196,453 30,016 226,469 203,910 Net (Outgoing)/lncome Transfers between funds (14.166) 19.984 5,818 (36,964) Net movement in funds Funds brought forward (14,166) 103,595 19.984 5,818 103,595 (36,9641 103,595 Funds carried forward 12 89,429 19,984 109,413 103,595 All income and expenditure derive from continuing activities. The statement of financial activities includes all gains and losses recognised during the year. 161 Page
PEOPLE'S KITCHEN BELFAST BALANCE SHEEr As at 31 March 2025 Note 2025 2024 Flxed Assets Tangible Fixed Assets Total fixed assets 26,358 26,358 35.850 35,850 Current Assets Debtors Cash and cash equivalents Total current assets 2,167 96.821 98,988 2,167 95,923 98,090 Creditors- arnounts falllng due within one year Total credltors io 15,933 15,933 30,345 30,345 Net Current Assets 83,055 67,745 Total net Assets 109,413 103,595 Funds of the charity Unrestrlcted funds General funds Total unrestricted fvnds Restrlrted Funds 11 89,429 89,429 19,984 103,595 103,595 11 Total charity funds 109,413 103,595 These financial statements were approved by the board of trustees and authorized for Issue on 8 December 2025 and are signed on behalf of the board by: Mr Paul Mccusker Trustee The notes on pages 18 to 28 form part of these financial statements. 171 Page
PEOPLE'S KITCHEN BELFAST NOTES TO THE ACCOUNTS for the year ended 31 March 2025 I. ACCOUNTING POUCIES General information and basis of preparation People's Kitchen, Belfast is a charity 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 statements. People's Kitchen, Belfast conduct is governed by its Constitution The charity constitutes a public benefit entity as defined by FRS 102. Statement of compliance 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 IFRS102), the charity's governing document, the Charities Act {Northern Ireland) 2008, Charlties Act (Northern Ireland) 2013 , The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and UK Generally Accepted Practice. The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are prepared in sterling which is the functional 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 trustees consider that these policies are suitable. have been conslstently applied and are supported by reasonable and prudent judgernents and estimates. FUND ACCOUNTING The charity has various types of funds for which it is responsible, and which require separate dlsclosure. A definition of the various types of funds is a5 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 balances. interest on their pooled investment is apportioned to the individual funds on an average balance basis. 181 Page
PEOPLE'S KITCHEN BELFAST NOTES TO THE ACCOUNTS (conyd) 31 March 2025 Unrestricted funds are funds which are expendable at the discretion of the Charity in furtherance of its objectives. In addition to expenditure on activities such funds may be held in order to finance 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 charltyls 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 donatlon5 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 recelved by way of donations and glft is credited to revenue on a receSvable ba51s. The charlty recelves grant5 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 received, and the amount can be measured rellably. If entitlement is not met, then these amounts are deferred. Revenue 8rants are credlted 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 analysis headings provlded withln the SOFA. (i) Incoming resources with related exPendUre Where incoming resources have related expenditure (as with insurance proceeds) the incoming resources and related expenditure are reported gross in the SOFA. 191page
PEOPLE'S KITCHEN BELFAST NOTES TO THE ACCOUNTS (convd) 31 March 2025 Grants and donations Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. Tax reclaims on donations 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. Glfts 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 distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. {vl) Donated services and facilities These are only included in incoming resource5 (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. (vli) Investment Income This is included in the accounts in the period to which it relates. (viii) Investment 8ains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. EXPENDITURE AND UABILITIES All expenditure is accounted for on an accruals basis and has been classified under headin8S that aggregate all costs related to the category. It is categorised under the following headings: Expenditure on charitable activities comprises those costs incurred by the charity in the delivery of its activities and ServIS for its beneficiaries and includes salary costs, support servlce 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 ACCOUNTS (convd) 31 March 2025 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 obligation can be measured reliably. {ii) Governance costs These are shown within charitable artivities and include the costs of preparation and examination of accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. {Ili) 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, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. (iv) Grants payable without performance conditions These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charitv. (v) Support costs Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office 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 resource5. 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 activlty. Employee beneflts When employees have rendered service to the charity, sholt-term employee beneflts to whlch 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 expenditure is shown gross of VAT. 211Page
PEOPLE'S KITCHEN BELFAST NOTES TO THE ACCOUNTS (convd) 31 March 2025 ASSETS Tangible Flxed Assets The cost of tangible fixed assets is their purchase cost, together with any incidental costs of acquisStlon. Depreciation is calculated 50 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 live5 of the assets concerned. The principal annual rates used are as follows.. Office IT & Equipment Kitchen Plant & Equipment Motor vehicles 33% Stralght line 20% Strai8ht line 25% Reducing balance In accordance with FRS102, assets under construction are not depreciated until such times as they are available for use. Where the recoverable amount of a fixed asset is found to be below It5 net book value, the asset Is written down to the recoverable figure and the105s on impairment Is recognlsed In the SOFA. Investments Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees, 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 beneflts from varlous exemptions afforded by tax legislatlon. It Is therefore not Ilable to corporation tax on income or gains falling due within those exemptions. Recovery Is made of tax deducted from receipts under gift aid. Golng concern The financial statements have been prepared on a golng concern basls as the trustees belleve that no material unceltalnties 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 golng concern. Judgements and key sources of estlmatlon uncertalnty The following judgements including those involving e5tlmates have been made In the process of applying the above accounting policies that have had the most significant effect on the amount5
PEOPLE'S KITCHEN BELFAST NOTESTOTHE ACCOUNTS (convd) 31 March 2025 recognized in the financial statements and that have a significant risk of causin8 a material adjustment to the carrying amounts of assets and liabilities within the next financial year: depreclation method and asset useful lives The estimates and assumptions are reviewed on an ongoing basis considering the current and future market conditions. 2. DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds Total 2025 Donations and gifts 182,287 50,000 232,287 182,287 50.000 232,287 Unrestrlcted Restrlcted Funds Funds Total 2024 Donations and gifts 151,790 15,156 166,946 151,790 15,156 166,946 3. INVESTMENT INCOME Unrestricted Funds Restricted Funds Total 2025 Total 2024 Deposit interest 231 Page
PEOPLE'S KITCHEN BELFAST NOTES TO THE ACCOUNTS (convd) 31 March 2025 4. OTHER INCOME Unrestricted Funds Restricted Funds Total 2025 Total 2024 Other Income 5. CHARITABLE ACTIVITIES Unrestricted Funds Restrirted Funds Total 2025 Total 2024 Subcontractor Costs Direct Costs E5tablishrnent Costs Repairs and Maintenance Profit on Disposal of Fixed Assets Depreciation Motor & Travel Costs Sundry Expenses Governance costs {note 6) 21,801 104,155 37.265 2,653 21,801 128,717 40,765 2,653 6,485 117,399 40,899 1,233 8.078 10,347 6,166 12,222 1,080 24,562 3,500 10,588 9,744 9,147 I,ioo 10,588 11,698 9,147 1,100 1,954 196,453 30.016 226.469 203,910 6. GOVERNANCE COSTS Unrestricted Funds Restrirted Funds Total 2025 Total 2024 Independent Examination fees 1,100 I, 100 1,080 I, loo 1,100 1,080 241 Page
PEOPLE'S KITCHEN BELFAST NOTES TO THE ACCOUNTS (convd) 31 March 2025 7. TAXATION The charity is a registered charity, and a5 such is entitled to certain tsx exemptions on income and profits from investments. and surpluses on any trading activities carried out in the furtherance of the charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes. The charity is not registered for VAT and, accordingly, all their expenditure is inclusive of any VAT incurred. 251 Page
PEOPLE'S KITCHEN BELFAST NOTES TO THE ACCOUNTS (convd) 31 March 2025 8. TANGIBLE FIXED ASSETS Fixtures Motor Vehicles Fittings Total Cost At beginning of the year Additions Disposals At end of the year 17,159 32,773 1,096 49.932 1,096 17,159 33,869 51,028 Depreciation At beginning of the year Depreciation Disposals At end of the year 2,503 3.664 11,579 6,924 14,082 10,588 6.167 18,503 24,670 Net book value at beginning of the year Net book value at end of the year 14,656 10,992 21,194 15,366 35,850 26,358 9. DEBTORS 2025 2024 Prepayments and accrued income 2,167 2,167 2,167 2,167 10. CREDITORS 2025 2024 Accruals Creditors Hire Purchase 1,100 5,675 9,158 15,933 1,080 16,316 12,949 30,345 261Page
PEOPLE'S KITCHEN BELFAST NOTES TO THE ACCOUNTS {conVd) 31 March 2025 11. FUND BALANCES Fund Balance at start Income Expenditur Surplus / (Deficit) Transfer Balance at end Unrestricted Funds General fund 103,595 182,287 (196,4531 114,166) 89,429 103,595 182,287 (196,453) (14,166) 89,429 Restrirted Funds Saving Lives and Changing Lives 50,000 {30.016) 19,984 19,984 Total 103,595 232,287 {226,469) 5,818 109,413 Restricted Funds The Saving Lives and Changing Lives project aims to provide outreach, drop-in. signposting, and food to create a safety net for homeless people in Belfast. 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted Funds Funds Total 2025 Fixed Assets Net Current Assets 26,358 83,055 26,358 83,055 109.413 109,413 Unrestrlcted Restrlrted Funds Funds Total 2024 Fixed Assets Net Current Assets 35,850 67.745 35,850 67,745 103,595 103,595 271page
PEOPLE'S KITCHEN BELFAST NOTES TO TrIE ACCOUNTS (convd) 31 March 2025 13. FINANCIAL COMMITMENT No contracts had been placed for future capital expenditure at the balance sheet date 14. ETHICAL 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 staternents. IS. RELATED PARTIES There were no related party transactions during the year (2025: £Nil). 281 Page