Company number SC158165 Charity numbèr SC024843 The Food Traln Llmlted (a chan"table company limited by guarantee ) Report and Financial Statements 31 March 2025 F¢)od Train supporting older people
The Food Train Limited Report and accounts Contents Pago Company information Dir&tors' report Ind&pendent auditors, report Statement of Financial Artimties 2-11 12-15 16 Statement of Financial Posrtion 17 StateTnenl of cash flcp•VS 18 Notes lo the fiarla1 statements 19-32
Tho Food Train Limited Company Informatlon Rgglstgred company number SC158165 Scottish ¢h•rity number SC024843 Dlrectors J Dalziel H Blackwell B Hedley S Macfarlane T Maclnnes C Melnlyrg M McKee T Munro L Watson Secmtary and Chlef Executive Roseanne McLu$k Acc¢ntants Land Accountancy Ltd 107 Irish Slreat Dumfries DG12NP Audltorn Carson & Trotter Chartered AOUntantS 123 Irish Street Dumfries DG1 2PE Bankers Bank of Scotland 91 High Street Dumfries DG12BN Sollcltors Gillespie Gifford and Brown LLP 135 King Streel Castle Douglas DG7 1NA Règist8red offieè 118 English Slfeel DUmfrS OG12DE
The Food Train Limited Trustee's Annual Report Ilneorporatlng the Dlrettors, Report) The directors have pleasure in presenting thelr report the audited financial slalemenls of the charliy for the year er¢ded 31 March 2025. The financial statoments have been prepared in accordance with the accounting policies 59t out in th8 notes lo the financial stslemgnts and comply with the chartys Memorandum and Articles of As$¢xiation. applicable law and the requirements of Accounting and Reporting by Charities.. Statement of Recommended Practice aPpIable to charities preparing their xcounts in a¢¢oTdgnce with the Financial Reportin9 Standard applicable in the UK and Republic of Ireland {FRS 102} issued in October 2019. Charltablb Objectfvos and acllvlty The objective and principal octivty of the Chgritable Company is the provision of practica and S(la1 seNi¢e8 lo older people. Food Train 8xisls lo support older people to eat well, Ive well, and age well, and to remain safety and independently in their own homes and communities. Through a eombination of praclieal help and social connect¢on, our services improve wellbeing and reduce the risks of malnulrilion and isolalitjn in later Ire. In 2023. our Board of Directors adopted a strategic business plan to guide the charity through to 2026. This route map outlines our short and kjng-lerni goals, including sustainable gr¢Arth, partnetship working, and innovation in how we deliver food, frdship, and supp¢yt across Scotland. Our Reach and Member Impact Throughoul the year, 24,655 older people were registered with our seTrice. On aveTage, we supported around 2.055 members each vek, reltecling both the ongoing need for our work and the trust placed in us by the communities we serve. Service Delivery Shopplng Dfrllvery Servlc• Cl8ckm8nn8nshirn. Dumf17es 8 Galloway, Dundee, Falknrt(, Glasgow. Perth & Kinross. RenlreWShi. Scottish Borders. Stirfing, West Lothian Our flagship SgfW¢8 helps older people access grocer8 safgty and reliably. Staff and volunteers gather shopping li515 via phone. email, family member5 or in penwn. For those unable lo compile a list, we offer tailored support lo identrfy preferred and nLStrilious foods suited to their nee(Is. Volunteers shop, deliver, and, when required. unpo¢k gweries at home. Homg Support Servlco Dumfnes & Galloway, Falkl, WestLolthan VolunteeTS OSSiSt with light household tasks such as chgIng bedding, defrosting freezers, intemal window cleaning and replacing light bulbs, helping members maintain a safe and comfortable Imng environment. Befrlendlng S•rvlce Dumh7es & G8lk)way. Falkirt(. West Lothian Combining regular phone calls. home visits. day trip8 and events. this 8eNce reduces loneliness and fosters lasting Sla1 connections. Llbrary Servlce West Lolhi8n Books are selected based on member preferences a1 d8lNered regularfy. Volunteers also offer to read wrth members who find rt diffieuk to read independentty.
The Food Train Limited Trustee's Annual Report (incorporating the Dlrectors, Report) Shopping Buddy Sèrvice West Lolhian & F81ki Older people who want lo shop in person but nee(1 holp can attond accompaniwj group OLrtings to supermarkets. Phon• Frionds branch aTras Matched volunteers prwtJe weekly phone ca115 offering Companionship and a listening ear. Meal makgr¥ Natn81 A matched volunteer prepares and shares a porth)n of Ihelr homfrcooked meal with an older nehbour, offering fotsd and friendty conversatK)n. Eat Well Age Well National Eat Well Age Well is a national project delivered by Food Train, focused on preventing, delecling, and treating malnutntion among older people liwng at hcrtxe in Scotland. Through free training, practical resources, malnutrrtion screening tools, and a dedicated advi line, the seTvice suppc¥t5 older adults. carers, volunteers, and professionals to recognise and respond to the risks of poor nutrition. Working in partnership ¥Mth communities, researchers, and policymakers, Eat Well Age Wall also drives national aren9 and adV0¢Y to onsuro oldor people can eat well, age well, and Iwe wel. Achlevements and perfomiance Membershlp & Reach 24,655 members registered across the year 583 new members joinod Average of 2,055 people Supported week Shopping Service 48,846 shopping deliveries completgd 163 people supwrted with 1..1 shopping bLK8dy trips £2,553.841 Spent by members on geries 14,952 home cooked me818 were provided to members by Volunteer Cook8 duriw the year (78,678 meals in 20231 Bofrfgndlng Actlvltlos 526 library deliveries made 144 befriending day trips held 2,686 one•lovone befriending visits or actrvitiesc 415 befriending hours delNered w88kty 10,386 hcme<ooked meals provided by Meal Maker volunteers Volunteers 10,801 volunteers 8UPPOrted our Services throughout the year S¥Xl active weekty volunteers 198 new volunteers joined 152,348 volunteer hours donated 2.930 av6r4e weekly volunteer hours Malnutrition 1.431 older people sGreened for malnutrition rf$k 18.5% identrfied as at risk 134 profe$$ionals trained in malnLrtrf(ion awaTene$$ 68•A of attendees had not received previ¢)us malnulrition training
The Food Train Llmited Tru$tee'g Annual Report (incorporating the Directors, Report) Organisational Developments Ran a national campaign to raise awane$S of malnutrition Engagod wlh pdicymakers to highlight our impa¢l and advocate for change Rolled oul a new CRM system across all branches Launched a consolidated, User-frndlY webse Piloted a new lunch project in Dumfries & Galk)way Developed a new strategic plan for 202>2026 Conducted a full governance overhaul Refned how we des¢ribe and promote OUT ¢ore offer Public Benefit and Member Inslght Our 2024 Member Survey showed clear demand for our service5 and highlighted the pressure5 okjer people face. Kty ch•lleng•s rgported: 73Yth said their mobilty had declined 47% had reduced access to transport 21Y(+ found il drfficull lo cook 19% needed support after hospilal discharge 530A had no altemative lo Focd Train Costof-Ilvlng Impacts: 26Yo cut back on non-essential food items 18% swlched lo cheaper brand8 16% reduced grocery spendirMJ 15Qh cooked 88 often 22% wer8 healing home$ less 23% reduced appliance usage 5% struggled with heating bills P051tive outcom•s reported: 68% accessed preferred food wth our help 46¥0 fell more independent 35Qh fe more confident at home 67Ya gave a 515 satisfaction rating 70% looked forward to seeing volunteer8 These findings C(fIrM the crucial role Food Train plays in supporting dignty, inderendence. and wellbeing. Impact on tho Charity- Financial and Oporational Prgssures The year has brought synificant financial pressure due lo rising tosls and a drffieult furKling landscape. Core costs, including fuel. rent. utilities, vehicle rnaintenance and insurance, have risen sharply. Meanwhib, income from Heanh and Social Care Partnerships IHSCPsl, charilabb trusts, foundations, and donats'ons has declined. In many areas, funding from HSCP$ has been withdrawn or sIgnrfantty rgduced. At the same time, 8talulory services have been scaled back or closed entirety- Yel. the expectation remains that voluntary organisations like Food Train will continue delivering support to older people in place of those services. This is Simpty not realistic wlhout sustainable and reliable funding. While we are activety exploring every opportunty to diversfy our income and reduce reliance on HSCPS. the stark reality is that •vailable funding 1$ increasingly limrted. Competrtion for grants high, and many third sector organi5ations are in simir posi(ion5, overstretched, under4e50urced, and facing rising demand.
The Food Train Llmited Trustee's Annual Report (incorporating the Dlreetors, Report In response to these pressures, we have taken the folkhving actions.. Closed our Renfrewshiro branch (early 2025} Closed our national F¢)od Train Connects seNice Undertook a full organisalional restructu to ensure long-temi sustainability Reduced core staffing hours and $treamlined operational role$ These decisiS made with degp ¢on$ideralion and rellecl the urgent neeil to adapt to reduced income. Across Scotland, s¢xial care faces a £457 million funding shortfall in 2024125, with Integration Aulhortties already making difficult choices and drawing on reseryes to maintain core seNKes. Despite the strain, we have priorited our frontline servicos and inv&sted in tools and systems that 8lrenglhen our resilience. Our new CRM system and streamlined webslte have improved efficiency. and our 2026-2031 strategy positions Food Train lo adapt and deliver in a rapidty changing environment. We remain steadfast in our commitment to ensure that older Feople xr058 Scotland can continue lo access the food. support, and companionship they need to INe th dignty and indeF4Jndence. Financial Review The organisalion's net Surplus for the year was £55,283 (prior Far £152,814) after spending £1.977,374 (prior year.. £2,051.6911 on charitable activty and fund raising. Principal funding sources Fc*)d Train's services throughout the financial year 2022025 were made possible thanks to a diverse range of funding partners. The majority of our income was secured through service contracts %Mih Health and Social Care Partnerships, enabling the delivery of our core Shopping, At Home and Library services in Dumfries and Galbway, Dundee. Falkirk, Renfrewshire, Scottish Borders and Wesl Lolhian. Funding for our Meal Makers See was provided by the Scottish Govemment alongsiije support from Fife and Scottish Borders Health end ScKial Care Partnerships. In addition, the Scottish Gov8mment also w)lributed direGlly lo both Eat Well Age Well and Meal Maker$. helping us expand preventative food support for older people across Scotland. We are grateful to The National Lottery Community Fund, whh supported the conlinualign of our Stirling branch during 2024. helped fund Befriending actiwty in Dumfries and Galloway We8t Lolhian, and conlribuled to the delivery of our Glasgow branch. Players of the Postcode Lottery made a signfficant conlribulion lo nalh)nal core costs and supported local sefvKes in Glasgow, Sliding, Dundee, R&nfrffwshire. the Scottish Borders, and the Eat Wdl Age Well initiative. Further grant funding ¢ame from The Gannfxhy Trust, supporting our work in Perth and Kinr05s, and frixn Third Sector Dumfries and Galltsway, which enabled the delivery of our Hot Meals serve. The Falkirf( Health Inequalities and Wellbeing Fund ntributed lo th8 continuation of ciur Befriending Service, lIe the DumfrEs and Galloway Mental Health and Wellbeing Fund supported the running of our communty café and lunch project. Wf(h sustainabilty in mind. the Energy Saving Trust's Net Zero Fund enabled us to invest in a small number of electric vehicles, helping reduce our envwonmental impact. Meanwhi. national infrastwclure costs were bolstered by a grant from the G8rfield Westcffj Foundalh)n, and funding from SGN (Scottish Gas Netsyork) supported the delivery of an energy thic8 and income maximisation serVe across Tayside and Forth valY.
The Food Train Limited Trustee's Annual Report (Incorporatlng the Dlrectors. Report) Local grants played a valuable role in enhancing activities within our branches. helping us expand existing s8rwc8S, trial new inrtialivas, upgrade delivery vans, and renew essential equipment such as shopping boxes and volunteer unifomis. Alongside extemal funding, the charity generated a signfficant proportion of its own income Ihrough seNi¢e charges, enabling us to sustain key elements of delivery and grow resilience ¥ross our ktal operations. Many hxal organisations. reIr$, busines8e8 and individuals kindty donated time. money and sponsorship throughout the year. This vitsl contribution has a direct impact on our ability to deliver services at a local level and is deeply appreciated. Many local groups, rela1r5, businesses and individuals very gerrOUs donated time. money and sponsorship throughout the year. This vital element of income enhances the work of Food Train in thal ommunities. We would like to express our thanks and gratitude to each one of our fundern. donor8 and supporters. Food Train would not exlst vAthoLrt this MuCPva1ed support. Thanks, and Acknowlgdggmgnts The Directors of Food Train wish to sincerety thank all our funders, partners. donors and supporters. Your contributions make a lasting drfference to the INes of older people in our Communities. A huge thank you goes to our incredible volunteers,. we quite simpty could not do what we do wf(houl you. Your generosity, cornpassion and willingness to give your time ensure elder people acr088 Scotland feel Vall1, nourished and supported. You are the heart of Food Train. We also want lo fom)alty aCknoedge and thank our staff team, who demonstrate extraordinary commitment and compassion in their work. Their onwng dedication ensures the qualty and inlegrty of our serw¢es, year in and year out. And a special thank you goes lo our Corporate partners, whose support through volunteering, resources, advKe and practical backing is helping us deliver even more across our communities. This kind of handwn partnership working is a1rf8line. and we are Iruty grateful for it. Reserves pollcy The Ggneral Fund repiesenls unrestricted income accumulated from previou5 years. operating resu8. The Board has agreed a policy that unrestricted reserves. excluding amounts invested in tangible fixed assets or earmarked for the purchase of vehicles. should be maintained al a level equivalent to three months of total expenditure. This reserve level is considered sufficient to enab Forxl Train to continue delivering r(s core servKes in the event of an unexpected and sustained reduction in income. 11 provides a financk81 buffer to manage risk. ensure conlinuty Of support for our members. and maintain organisational stabilty during periods of uncertainty. As al 31st Mah 2025. the charity held £1,153,749 in unrestricted funds. The lolal reserves Carried forward at year-end amounted lo £1,35e,285. ¢ompri$iThJ'. £723,161 in the General Iunrestrlcledl Reserve £633,124 held within Restricted and Designated FuntJs f¢y $pe¢rfi¢ purposes The Board continues to rewew the reserves position regulady to ensure alignment th the financial risks facin9 the organisation and our strategic prlties.
The Food Traln Llmlted Trustee's Annual Report Iln¢orporatlng the Dlre¢tors' Report Investment pollcy The Board's approach to investment 18 deliberately prudent and low risk. Surplus cash balances not immediately r8qured for operational purposes are placed in short-temi deposit accounts. providing modest rem$ while ensuring funds remain aetessib. These deposits contributo to our unrestricted income and help safeguard our abilty lo support older people xross Scotland. The Investment Policy is reviewed annualty to ensure rt continues lo meet the needs of the tharity and refiects prevailing econcthic condrtions. Plans for future periods F¢)od Train remains deeply wnmrtted to supporting as many older people as possible across SCOand, delivering services fiom our existing br?he$ within the limits of available financial, human and operational resources. The ongoing cost of living crisis and reductions in puElic and charitable funding have created siJnffic8nt financial pressures. This has led to unavoidable funding gaps in some area8 and the scaling back of certain seTwces in order to safeguard the long-lerm sustainability of the charty. Despito thesg challenges, w8 are pre$siro ahead with the delivery of OUT 2023-2026 Bu$ines$ Plan, while laying the groundwork for the rollout of our bold 2026-2031 strategy. This next chapter wll sharpen our focus on innovalion, partnership and long4emi impacL ensuring Food Train continuos 10 meet the needs of Scotland's ageing populalb)n. In the coming year, we w¢ll'. Continue strengthening our govemance, ensuring high 8tandard8 of accountabilty. transparency and leadershp Invest in the qualty and consistency of cur services, so that every ol¢Jer person we supwl Advocate fiercely on behaw of our older members, raising awarene88 of f¢Jod insecurty, malnutrTtion and social isolation Explore opportunities for diversfyiro funding streams, reducing reliance on any one source of inccme Continue expanding our reach where possible, seeking funding and loBal partnerships that enable new branch development or service extensions in areas of unmel need We wll remain focused on improving access lo nulrilious food, tsckling i801ation and lonelines$. and enhancing wellbeing. As ever, we will ensure that the vthces of older people are at the heart of 811 we +Jo. influencing d•sn-Mak?rs and shaping better outme$ through policy, practice and ¢ompastsion.
The Food Train Lirnited Trustee's Annual Report lincorporating the Directors. Reporti Structure. Govèrnancè and Management Governlng docurnent The organi$alion is a chaTitablo company limited by guarantee, incorporated on 23rd May,1995. The company wa5 es1ablhed under a Memorandum of Association which established the objects and powers of the charitable company and is pvemed under its Articl0$ of Association. In the event of the ompany being wound up the members ar8 required to conlribule an amount not exceeding £1 each. Dlre¢tor& During the financial year, Fc*)d Train was supp)rted by a dedicated Board of Diroctors prowded stralegK oversight and govemance. The folkpwing persons served as Directors during the year.. J Dalzial H Blackwell D Brady S T Connaughton E Connor R DavFS M Hasan Hedley S Macfarlane T Maclnnes C 1n1yre M McKee T Munro Chair (retired 22 November 20241 Irelired 10 May 2024) (retired 16 January 20251 (retired 10 May 2024) (appointed 6 May 20241 (appointed 21 February 20251 {appointed 6 March 2025) Following tho end of the financial ar E cCn0[ relired on 13 June 2D25 and L Watson was cwled on 12 May 2025. The Board extends its Sincere thanks to all those vtho have retired or resiylled fu their valuable contributions and ongoing commitment to the work of Fd Train.
The Food Train Llmlted Trustee's Annual Report {Incorporatlng the Dlrectorn, Report) Appointment of dirn¢tors The Directors of the Company are also ch8rty IN8tees for the purposes of charity I and under the c¢JnPanS Articles are known as members of the Board of Directors. There are eleven Board positions. One third of the Directors who have been longest in office sirte last 8ppointed or reappointed shall retire from office each year and are eligible for r•rOltIon. Dlrector Inductlon and traSning Tha Board regularty reviews the skills and expertise required io ensure effeCve governance. All Direetors are expeded to.. ensure that the company complies wilh ils f¢)unding Arlicles. charity law and olher relevant legislal)n ontribule actively to tho strfjg direction of the charity. including Setting polici&s, dofining goals. agreeing targets, and evaluating performance ensure the companls financial stability appoint and monitor the perfomiance of the Chief ExecLrtive New Dlrectoys rxeSve a structur•d induction programme. delwered prinarily by the Chief ExeGulive over a peiiod of U months. This includes.. A wekome pack containing key pdicies. documents. and reading material Peer support from a current Trustee Opportunities to participate in service dellvery (where practical An inlrodudory meeting wlh the Chief Executive An annual Board skills audr( is carried out using a review matrix to identfy StrehS and any gaps. All Directors sign up to and are bound by an agr88d Code of Conduct. Throughoui the year, Directors attend ad hoc training sessions rei&vant to charty compliance, good governance, and areas aligned with the organisation's aims.
The Food Train Limited Trustee's Annual Report (incorporating the Directors. Report) Governance and Board Operations The Board rneets six times per year, providing oversight of Strateg direction, risk, and financial health. The Chid Executive is responsible lor the day-t¢>day planning. coordination, and delwery of Operati8. Board meetings during the year were held in a hybrid fom8t. combining virtual and inerson attendance. This approach ensured flexibilty, maximised participation, and supported good value for money. The wder staff team continued lo meet regularty online, and summary updates were provided lo the Board folb)wing these meetings. Risk managemwt A comprehensive review of the major risks facing the tharity has been conducted Yth the support of extemal experts. As a result, the organisation has adopted a live risk register and aoMpanY19 risk policy. Systems and controls are in place to hel) mitigate exposure to identrfied risks_ The risk register is a standing item al Board meetings, revEwed on a rolling basis throughout the year lo ensure it remains currènt and responsiva. Key strategic risks id8ntifi8d by the Board include-. Remaining compliant with evofving regulions and legislative changes Ensuring the organisation has the struclure. claity, skills and leadership needed to forward pn d adapt Avoiding any sustained difficutties in delivering or maintaining our charitable services and outcomes for okler people Salary and Pgy Policy The Board revie•VS Ihe charty's pay structure annually, considerlng 8ffordabllity, market context, and comparisons with similar organisations in the third sector. This pr¢xess ensures that salaries remain fair, competitive and su5tsinable. while aligning with our values antj responsibifrties as an eth¢al employer. Food Train is commrited to meeting. and where possible exceeding. the National Living Wage, and to creating goc¥J-qualty, secure emptoymenl for all stsff. In the most recent rewew. the Board agreed to introduce a minimum salary of £23.50Q, supporting our ongoing nMrtrn8nI to inc¢)me securrty and dignty at work. We are also proud lo be alvJned with the PTinclples of the LIng Hours campaign, ensuiing that our staff not onty receive a fair wage but atso benefrt from pred¢clable working hours. proper notice of shifts, and the stsbility needed lo live well. Partn8rship worklng The charity works closely wth 8 wide range of publ. private, and voluntsry sector partners, with the aim of raising awareness, increasing referral routes, and ensuring older people across Scotland can 8ccess the support they need. Collaborative working remalns eenlral lo our approach. enabjing us lo extend reach, share expertise, and improve outcomes for our members. 10
The Food Train Limited Trustee's Annual Report {incorporatlng the Dlrectors. Report) Slat•menl of Dlrectorn. R•spon$ibilitios The directors of The Food Train Ltd are responsible for preparing the Annual Report and the financial $latemenl¥ Ni accordance wlh applicable law and United Kingdom Accounting Sdrs Iuniled Kingdom Generalty Accepted Accounting Practice}- Company law requires the directors to prepare financial slalements for each financial yeaT. Under that law the directors have elted Ic+ prepare the financial statements in Cordance wth Unrted Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable lawl. Under company the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incomiThJ resources and wplution of resources, including the income and expenditure of the charty for that wriod. In piepanng these financial statements. the directors a required to: select Suitable aecountiny polt¢ie¥ and then apply them eonsi%tent, obseNe the methods and principle5 in the Charities SORP12019}{FRS1021', makejudgemenls and estimates that are reasonable and prudent.. stale bthether applicable UK Accounting Standards have been followed. sU8¢t to any material departures disclosed and explained in the financial statements- prepare the Trustees, Annual Report and Fin8nEI Statements on the going concem basis unless it Is inappropriate lo presume that the Charty will continue in cperalion. The directors are responsble for keeping proper accounting records which disclc6e wth reasonable accurxy at any lime the financial position of the Charty and lo enable them to ensure that Ihe accounts comply with the Companies Act 2006, the Charities and Trustee Investment IS¢ollandl Act 2005 and the Charil¢es Accounts {S¢otland} Regulations 2006 las amended) and the prOvisnS of the eh8rty$ eonstrtulion. The directors are also responsible for safeguarding the assets of the Charity ar hence for taking reasonable steps for the prevention and detectN)n of fraud 8nd other irregularities. The trustees are responsible for the maintenance of the charity and financial infom1*1 Iluded on the Charity's website. Legislation in the Unrt8d lfjngdom goveming th8 preparation and dissemination of financial $lalements may differ from legislation in otherjurisdictions. Dlsclosure of Informatlon to audltora Each person byho was 8 director al the lime this report was approved confirms Ihal". • so far as they are aware, Ih•Jre 18 nc relevant audit information of which the mpan$ auditor 1$ unaware.. and they have taken all the steps that they ought lo have taken as a director in order lo make themselves aware of any relevant au¢Jil information and lo establish that the companys auditor is aware of that information. Small company provlslon$ The report of the directors has been prepared taking advantsge of the Small tnpanIeS ex¢mpfjon of Section 415A of the Companies Act 2006. This report was approved by the board on 3 October 2025 and signed by ils cfdor. oseanne McLuskie Ccffnpany Sacrelary 11
Thè Food Train Limtted Independenl auditows. report to the Trustees and mombors of The Food Traln Limltod Oplnlon We have audited the financial statements of the Fcth Train Limited Ilhe charilable c¢)mpanyl for the year ended 31st March 2025 . These comprise the slalement of financial activities, the statement of financial posf(ion. the statement of cash ¢)ws and notes to the financial statements, including signifunt acwunting poIles. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Aceounting standards. including Financial Reporting Standard 102 The Fancial Reporting Standar(l appIable in the UK end RepublK of Ireland (Unrted Kingdom Generally Accepted Accounting Prath'cel. In our opinion financial statements= give a true and falr of the slate of the eharftable eompanvs affalrs as at 31 March 2025 and of rts inwming resource8 and 8pplicalion of $oUr¢e8, including its income and expenditure, for the year then ended.. have been propttty prepared in ac¢ordan¢e United Kingdom GeneraNyAeeepted Accounting Practlce.. and have been prepared in accordance wf(h the reqU1ments of the Companie8 Act 2006, the Charities and Trustee Investment Iseotlandl Act 2005 and RegulalKJn 8 of the Charit* Accounts Iscotlandl regulations 20. Basi$ for oplnlon We conducted our audit in &cordance with International Standards on Audn IUKI IISAS IUKII and applicable law. Our responsibiliti under those standards are further described in the Audilovs responsibilities for Ihg audit of the financial slalements sectton ol our report. We are independent of the charitable company in accordan with the ethical requirements that are relevant lo our audrt of the linanckgl slalements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibiltiies in accordance th these requiremonls. Vve believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going ¢on¢em In auditing the financial slalemenls, we have concluded that the Trustees. of the going concem basis of accounting in the preparation of the financial statements 15 appropriate. Based on th& work w8 have performed, we have not idenlrfied any material unc8rtainlies rèlating lo avents or eond(tions that. indimduamy or eolleclwety, may cast Significant doubt on the company's abilty lo continue as going con¢orn for a period of at least twelve months from when the financial statements are authorised for issue. Our responslbilrtS and the responsibilities of the Trustees with respect to going concem are described in the relevant sections of this report. 12
Tho Food Train Limited Indepondent auditors. report to the Trustees and members of Thè Food Train Limited Other information The other information comprises the information inclu(led in Ihe trustees, annual report. othei than the financial 81alemenls and our auditor's report Ihereon. The trustee$ are responsible for the other irrfomialion contsined Nwthin the annual report. Our cpinion on the financial slalements does not eover the other infomation and. except to the extent otherwise explicitly slated in our report, we do not express any fonn of assurance conclusion thereon. Our responslbillty is lo read the other infom)ation and. in doing so. consider whether the other information is materialty inconsistent wf(h the financial slalemenls or our knowledge obtained in Ihe course of the audit or otherwise appears to be materially misstated. If we identrfy such material inconsistencEs or apparent material misstatements, we are required to determine whether this gives rise to a material misstatemenl in the financial slalements Ihemselv8s. If, bas8d on the woth we have p8rfomied, we conclude that Ih8r8 is a materkal misslatement of this other infomiation, we are required to report that fact. We hav8 nothing to report in this regard. Opinions on Othor matters proscrlbed by the Companles Act 21)06 In our opinion, based on the work undertaken in the course of the audit.. the information given in the trustees, report, which includes the direclols report for the purposes of the company law, for th8 financial year for which the financial stateménts ara prepar8d is consistent with the financial sLements'. and the Tnjsl'IDIr6¢tt1rs, report has bé¢n prepared in a¢cordan¢e with appli¢able legal requirements. Mattors on which we ar• rgquirod to rgport by oxception We have nothing to report in SpeCt of the following matters in relation lo bwhich the Companies Act 20C6, the Charities and Trustee$ Investment (Scollandl kl 2005 Charities Accounts (&otlandl Re9ulations 21)06 requires us lo report lo you if. in our opinion.. the irrformation given in the financial statements is inconsistent in any material respect with the trustees, report: or proper accounting records have not been kept,. or the financial stslements are not in agreement wlh Ihe accounting records,. or we have not received all the infomiation and explanations we require for our audit. Responslbilities of tru$t•os As explained more fulty in the Iruslees. responsibilities stslement on page 9, the trustees ore responsible lor the preparat)n of the financial statements and for being Satisf that they give 8 true and fair view, and for such internal control as the trustees determine is necessary to enable the preparat of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financk91 statements. the trustees are Sponsle for assessing the charitable companWs ability to Continue as a going ¢on¢em, disclosing, a$ appIlble. matters related lo going concern and using the going Coneem basis ol accounting unless the trustees either intend to liquKlate the charitle company or lo cease operations, or have no realtsti¢ ayfernative bul to do so. 13
Th& Food Traln Llmlted Indopendent audltors. report to the Tmglees and membero of The Food Traln Llmlted Auditor's rnspon$lbllltl•s forthe audlt of the flnanclal statements We have been appointed as auditor under seetlon 4411 Ilc} of the Charities and Truste8 Investment {ScolL9ndl Act 2005 and un¢Jer the Companies Act 2006 and report in accordance vAth the Act and relevant regulations made or having effect Ihereunder. Our objective8 are to obtain rea30ble as$uranGe about whether the financial statements as a whole ale free from material misstatement, whelher due to fraud or error. and to issue an auditorfs report that includ8s our opini¢)n. Reasonable assurance is a high level of assuranee. bul is not a guarantee that an audll eondLt¢ted In accordance with ISAS IUIQ will always detect a material mi88tatemenl when it exists. Misslatemenls can arise from fraud or error and are considered material rf, indmdualty or in the aggregate. they vId reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularilies, including fraud. are instances of non<ompliance with lthvs and regulations. We design procedure5 In line wlh OUT responsibilities, to detecl material misslalernents in respect of irregularrf(ies, including fraud. In identfying and assesswig risks of material misslatement in respect of irregularities, including fraud and non- compliance wi(h laws and regulations, w8 considered the followng: Review of the financial statements dis¢lotsure$ and testing to supporting d¢cumentation to assess complkqnc& provisKin of relevant laws and regulatn8 described as having a direct effect on the financial stalemenls. Enquiring of management concerning actual and potential lrtigalK)n and claims. Performing analytical procedures to identify any unusual 01 unexpected relationships that may indicate risks of material misstatement due to fraud. Detailed and re-performance lesting of specific controls and calculations. Reading minutes of meetings of those ¢harged with 9ovemance. In addressing the risk of management override of controls, lesting the appropriateness of journal entries and other adjustments.. assessing whether the judgrnents made in making accounting estimates are indicative of a potential bias. The audit team remained alert lo any indication of fraud or non<ompli8nce wlh I3 and regulations Ihrotjghoui the audit. Becaus8 of th8 inh&r&nt limitations of an audrf(, ther& is a risk that wll not d8tecl all irr8gularili8s, including those leading lo a materkil misstalemenl in the financial slalements or non-compliance with regulation. This risk increases the more that compliance with a law or wulalion is removed from the events and transactions reflected in the financial ststement$. as we will be loss likety to bKtyne aware of instseS of non<ompliance. The risk is also greater ie9arding itregularilies occurring due to fiaud rather than error, as fraud involves intentional concealment, forgery, collusn. omission or misrepresenlalion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting CntIr$ websrte at vAw.frc.org.UklaudilorsresponsibiIle$. This descript)n fomis part of our audilorfs report. We ccmUnlÈ wlh those charged with governance regarding, among other matters, the planned scope and timing of the audit and signilicant audit findings. including any sKJnifnI deficiencies in internal control that we Igntfy duriThJ our audit. 14
The Food Train Limited Independent audltors. rèport to thè Trustee5 and members of The Food Train Lirnited Use of our report This report is made solely lo the charitable company's members, as 8 body, in accordance with chapter 3 of part 16 of the Companies Act 2006 and to the charitable COmpanS trustees, as a body in a¢¢ordance with Regulation 10 of the Charf(ie$ AccoLFnts (Scotlandl Regulations 2006. Our audit work has been undertaken 80 that we might stale to the chant8ble companys members those matters we are required to slate to them in 8n audilorfs report and for no other purpose. To tha fullasl ext8nl p8miitt8d by law, we do not accept or assume Sponsibility lo anyone other than the charitable eompany and the charitable eompanls members as a body, for our audf( work, for this report, or for the opinions we have formed. Gillian K Gray BACC CA (Senior Statutory Auditor} For and on behalf of Carson and Trotter. Statutory Audltor 123 Irish Street Dumfries DG12PE 1711112q C*son and Trotter is elrgible for appointment as auditor of th8 charitabl8 company under regulation 10121 of the Charblies Accounts {Seollandl Regulations by virtue of its eligibility under section 1212 of the Companies Act 2006. 15
The Food Traln Llmlted Statement of financial activities (Includlng Income and expendlture account) for the year ended 31 Mar¢h 2025 UnrgstrScted Restrlct8d Fund8 Funds Total Funds 2025 2024 Income from: Donations and legaeles Charrtable aclMlie8 Other trading actmties Investments Other income Total In¢om• 135.477 1,554,773 27,551 20,543 8.192 135.477 1.840,894 27,551 20,543 8,192 2,032,657 106,885 2,067,557 18,686 6,913 286.121 286.121 2,204.505 EndItur0 on: Raising fund5 Charitable activities {1.936} 11,6e6.320) {1,688.256) {1,9361 (289.1181 11,975,438) (289.118) (1,977.3741 11,433) {2,050,258) {2.051,691) Total oxpèndlture Net incom•l{exp•nditurn) for the year 5B.280 11997) 55.283 152.814 Reconclllatlon of funds." Tolal funds brought fonvard Total funds carried forward 1,095,469 205,533 1.301.002 1,148,188 £1,153,749 £202.536 £1.356.285 £1,301.002 The Slal8m8nl of Financial Activf(ies includes all gains and losses in the year All of the above amounts relale to Gontinuing Kltvities The prior ye¥ Statement of Finan¢ial Actniities i¥ provided in note 21 The notes on pag85 19 10 32 form part of these financial stat8rnents 16
The Food Train Limited Company number SC158165
Statement of Financial Position as at 31 March 2025
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Notes 2025 2024
£ £
Fixed assets
Tangible assets 11 618,871 643,324
Current assets
Debtors 12 87,442 83,986
Cash at bank and in hand 13 1,356,589 1,269,147 ---947,875 863,889
Creditors: amounts falling due
within one year 14 (619,175) (290,197)
Net current assets 737,414 657,678
Total assets less total liabilities £1,356,285 £1,301,002
The funds of the charity
Restricted income funds 16 202,536 205,533
Unrestricted income funds 17 1,153,749 1,095,469
Total charity funds £1,356,285 £1,301,002
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The financial statements have been prepared in accordance with the special provisions for small companies under section 415A of the Companies Act 2006. J Dalziel Director Approved by the board on 3 October 2025
The notes on pages 19 to 32 form part of these financial statements
17
The Food Train Limlted Statement of Cash Flows for the year endod 31 March 2025 2025 2024 Operatin9 letivities Nel Income for the financial year 55,283 152,814 Adjustments for.. Gain on Sa of fixed assets Depwialion Increase in debtors Increasel{decreasel in creditors {453) 114,174 {3,4S6) 328,978 494,526 17.880) 123,916 13,521) 156,358) 208,971 Cash generated by opwain9 activities 494.526 208,971 Investlng actSvltles Payments to acquire tangible fixed assets Proceeds from sale of tangible fiyed assets 11C6,144) 16.876 {136,836) 15,101 Cash used in investing activities 89,268 121,735 Not ¢a$h gerated Cash generated by operating acliwlies Cash used in investing active8 Nel cash generated 494,526 189.268) 405.258 208,971 (121,735) 87,236 Cash and cash equivalents at 1 April Cash and cash equD[antS at 31 March 863.889 1,269,147 776,653 863.889 Cash and cash equNalents comprise.. Cash al bank and in hand 1.269.147 863.889 18
The Food Train Lirnited Notes to the Financial Statements for the year ended 31 March 2026 1 Summary of $ignrfi¢ant a¢¢ountlng poll¢l•s The Principal accounting policies adopted, judgements and key sources of estimation uncertainty in thg preparation of the financial ¥latements are as follows.. 8asi$ of preparatlon The financial Statements have been prepared in accc*dance wlh Accounting and Reportirkg by Charities.. Statement of Recommended Practice apPIable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS1021 (issued in October 20191 and the Charities Accounts (Scotland) Regulations 2006 las amended) and the Companies Act 20C6. The charty constitutes a public bon8fil entity as defined by FRS102. Assets and liabilities are initial recognised at historical cost or transaction value unless otherYSe stated in the rdevant accounting poly nole(sl. The financial statements are presented in Sterling whlch 18 Ihe lunclion81 currency of the charity and rounded to the nearest £1. The financial ststements have been prepared on a going concern basis as the trustees bdieve that no rnalerial uncertainties exist. The trustees have considered the level of fund5 held and the expected Ve1 of income and expendrture for 12 months from aulhorising these financHI slatemenls. The budgeted income and expenditure is suffici8nt with the level of reserves for the charty to be abl8 lo continue as a going ¢oncem. Fund attounting Unreslricled funds are available for use al the discretion of the dir¢clors in furtherance of the general objectives of the charitable company. Designated funds a unrestricted funds eamiarf(ed by the directOTS for partieular pU1$e$. The aim and use of each designated fund is set out in the notes to the financial slatemenls. Reslricled funds are subject to restrictions on their expenditure imposed by the dorKJTS or which have been raised by the charty for particular purposes. The ¢ost of raising and administering such funds are charged against the spacific fund. The aim and use of each Restricted Fund is set out in th8 Restricted Funds note. The Directors satisfied that all Funds received. othèr than those identified as Restricted Funds. relate direclty lo the core purposes of the charitable company and are not subject lo reslriclions beyond the general objectives of the charitable company and &cordingly. they are accounted for as "Unrestricted Fund8'. 19
The Food Train Limited Notes to the Financial Statements for Ihe yoar ended 31 March 2026 Incom• r•cognition Al income is included In the Statement of Flnanclal Acllvilles when the charty is legal enliued lo the ineome after any performance conditions have been mel, the amount can be measured reliabty ané il is probable that the in¢¢yne wll be received. The following specific policies are applied lo particuL2r categories of income.. Donatlons are recognised when the charity has been nOtifd of the amounts and settlement date, often in writing. If there are conditions attached lo the donation and this requires a level of perfomiance before entitlement ¢an be obtained then income is deferred until those nd]"0n$ are fully met or the fuwilment of those conditions is wthin the conlrd of the charty and it is probable that they will be fulfilled. Income fmm ch•rftabl• actlvlties is me88ured at the fair value of the consideration recewed or eivable. Income from charftable actwities includes revenue earned in exchange for the delivery of support seNees which Wrthin the primary purposes of the Charity. These are typically prowded under Service Level Agreements. Such income is not Restricted Income and is included in Gener81 or Designated Funds &x¢epl whore there is specific provision in the Service Level Agregmgnt which requires the income to be held in a Restricted Fund. Income frorn the prOls)n of Services is recognised by reference lo the stage of completion of the contract. InGom0 from grnnts are reGognised at fair value when the charty has enliuemenl after any pgrformance conditions have been met, tt is probable that the income will be ieceived and the amount ¢an be measured reliably. If enternent is not mot then these amounts are deferred. Incom• from trading acbvlties is measured at the fair value of the wnsideration received or receivable, net of discounts. Incorne from trading include5 revenue earned from the sale of promotional mgrchandise and from the rendering of non-charrtabl8 services. Income from the sale Of gopds is recognised when the s19nrfanI risks and rewards of ownership of the goods have transferred to the buyer. Iorne from the rendering of sèrvices 18 recognised by reference lo the stsge of completion of the contract. The stage of completion of a contract is measured by Comparing the costs incurred for Vrk perfomed to date to the total estimated contract costs. Investment Income is included when rtteivable. No amount is included in the financial slalements for volunteer tlme in line with the SORP (FRS102). Expendlture recognition Expendf(ure 18 re¢ognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation ¢an be measured relwbty. Expenditure 1$ classrfiod under the following a¢liwty hfradings.. - Costs of raising funds comprise the costs of merchandise sold and associaled 5UPPOrt costs. Expenditure on charitsble actimti'es includes the costs of operating our delivery system and the associated support costs. Grants paid are payments ma(le lo third parties in the furthgrance of thg charitable objeds of the Charity. In the case of an unconditional grant offer this is accrued On the recipient has been notified of Ihe grant award. - other expenditure represents those items not falling into any other heading. Expendf(LtrTe includes any VAT which cannot be fulty recovered and is reported as part of the expenditure lo whieh il relates. 20
Tho Food Traln Llmfted Notes to the Financial Statements for the year ended 31 March 2025 Siipport and govemance costs Support costs are those functions that assist the work of the charitable crmpany bul do not direc represent charitable activ((ies. Support costs include back office eos18. finance. personnel, payroll and goverronce Costs whh support the activities of the charitable company. Govemanco costs comprise all costs involving the public accountsbilty of the charity and its compliance wrth regulation and good PrtI. These costs include costs related to statutory audit and costs relating lo board meetings. As there 18 onty one a¢tivty of the Ghafty all $uppcfft and governanoe wsts relate lo this. Tanglbl• fixed assets and d8preciation All fsxed assets are reeordéd al eosl less accumulated dèpreciali¢Jn. Depreciation 1$ kUlated so as to wrf(e off the cost of an asset, less ts estimated residual value, over the useful economic lrfe of that asset as foilows.. Buildings.. Office equipment.. Motor vehic$.. Vehicle equipmonL' 2% straight line 25Yo on the reducing balance 25% on the reducing balance 25°A on the reducing balance Short lrfe assets costing less than £2,500 are fully charged as expenditure in the year of acquisition. Debto Short term debtors are measured ai transaction price (which is usually the Invol pricel, less any impaim)ent losses for bad and doubfful debts. Loans and other financial assets am initially recognised at transaction pr8 including any transaction costs and subsequently measured at amortised cost delemiined using the effective intere51 melh¢xl. less any impairnenl105$es foi bad and doubtful debts. Credltors Short temi credlcors are measured al transaction price Iwhich is usually the invoice pre1. Loans and other financial liabilities are initialty recognised al transaction price net of any transa¢lion costs and subsequently measured al amortised cost detemiined using the effective interèst method. Oporatlng Lease Rentals applica)le to operalirvJ leases where substantially all of the benerrts and risks of ownership remain wrth the 18ssor are charged lo the Statement of Financial Adwities on a straight line basis over the period of the Eease. 21
The Food Train Limlted Notes to the Financial Statements for the year ended 31 March 2025 Fin•nclal Instmments The charitable wmpany only has finanGial assets and finanGial liabilities of a kind Ihal qualify as bas financial inslwments. Basic financial instruments are Initialty recognlsed at transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequentty measured al amortised cost using the effectwe interest method. Pensions The charitsble company operates a defined contribution pension Scheme for the benefit of its empl¢)yees. The assets of tha schema are held s8parately from those of the charty. The annual contn'butions payable 8re charged to the statement of financial aetmties. 2 Income trom donatlons and legacles 2Q25 2024 Donations subscript$ 120.170 15,307 95.495 11.390 135,477 1C6,885 In addf(ion to the above financial contributions. 152,348 hours time was donated by volunteers working as drTriers, delivery helpeis, homg SUPPQrt helpers. in-store shoppers, befrienders, library book delivery, cocks and Offi worker5. The value of this voluntary work is estimated lo be around £1,550.000. All Income from donations and legac in both 2025 and 2024 is unrestricted 22
The Food Train Limited Notes to the Flnanclal Statements for the year ended 31 March 2025 3 Income from charltable aGtlvltles Unr•strict•d Funds R•stri¢ted Funds Total Funds 2025 Total Funds 2024 Delivery Charges 397.836 397,836 394,874 pmvided by gov8mment and olhercharil Scottish Govemment Local Aulhorrtie8 NHS National Lottery Community Fund.. Befriending National Lottery Communty Fund.. Improving Lives Scottish Power Energy Saving Tnjst Rank Foundation Scottish Gas Nerk Foundation Scotland Third Seclor Dumfries & Galloway Play8rs of the Peoplé's Poslcod& Lottery other grants 125,300 604,793 160.169 125,300 604.793 160,169 125,300 711,123 256,908 62.529 62,529 65,071 62,423 86,169 62,423 86,169 75,000 103,516 25,000 45,000 20,000 30,000 30.000 45,000 45,000 200,000 66,675 1,156.937 200.O¢XI 66,675 1,443.058 200,000 45,765 1,672,683 286,121 Totsl Income from char5tablo actlv5tles 1,554.773 286.121 1,840.894 2,067,557 Grant$ frcln Local authorf(ies Clude the value of office a0mMOdatiOn, estimated al £3.000, proMded at no charge. Of the income from charitable acteS in 2024 £1,778,970 was unrestricted and £288,587 was restricted. 23
The Food Traln Llmlted Notes to the Financial Statements tor the year ended 31 March 2025 4 Incom& from othgr trnding activities 2025 2024 Fundraising evonls Sponsorships and other income 14.809 12,742 6.735 11,951 27,551 18,686 All Ineome from other tradirg aclivithgs in both 2025 and 2024 is unreslricled. 5 Investment Income 2025 2024 Bank interest 20,543 6,913 All invesknent income in both 2025 and 2024 1$ unrestricted. 6 Other Income 2025 2024 Rental of offi'ce space 8,192 All othtt income in both 2025 and 2024 is unreslrided. 7 Expenditure on raising funds 2025 2024 Other eosls 1.936 1,433 All expenditure on raising funds in both 2025 and 2024 is unrestricted. 24
The Food Traln Llmlted Notes to the Flnanclal Statements for the year ended 31 March 2026 8 Expèndlture on charitabl• *ctiviti8s 2025 2024 Dlroct costs OtherdKe¢l costs Employee costs Motor vehide expenses vehic leasinglhire charge¥ Travel 8nd subsistence DeprKiation of vans and charging equipment LossllGain) on disposal of vans Voluntegr expenses Other project costs Tdal other direct costs 782,734 123,276 1,122 8,593 102,524 14531 30,989 32,185 1.080,970 778,485 134,061 1,075 7,405 117,635 17,8801 32,233 20.251 1.083,265 Support ¢0sts Employee costs Training Travel and subsisterKe Eslablishment costs Printing. Stslionery & postsge Advertisiny Websrte & IT Professional fees Equipment Telephon8 Insurance Bank Charges DepTecialKJn Other support costs 545,985 11.319 9,809 119,895 32,311 2.158 46.778 22.568 8.980 41.585 9.161 10,713 11,650 5.834 617,925 7,777 6.838 119,730 39,157 1,421 76,297 6.897 4,164 42,038 8,836 16,317 6.281 5,121 958,799 Governance cost8: Audit fe&s Accounlaney fees Management Committee meeting expenses Other legal and professional 5,300 2.700 $48 7.174 15,722 5,020 2,500 661 13 8,194 Total support costs 894,468 966,993 Total expendfture OA charitablè adivitig$ 1,975.438 2,050.258 25
The Food Train Lirnited Notes to the Financial Statements for the year ended 31 March 2026 Expenditur¢ on ¢harltabl• activltles l¢ontlnuedl In addition lo the above flnaneial eosts 152,348 hours time wa$ donated by volunteérs working as drivers, delivery helpers, home support helpers, in-store shoppers, befrienders, library book delivery. cooks and office vffjrkers. It is estimated that the cost of this voluntary lime would have been around £1,550,000 had It not been provided by volunteers. Of the total expenditure on charitable activities in 2025 £1.686.320 was unre8tricled and £289,118 was reslrieted. Of the total eXpeIltUre on charitable activities in 2024 £1.833,544 was unreslriGled and £216,714 was restricted. g Net Incomellexpendlture) forthe year 2025 2024 This is stated after charging.. Depreciation of owned fixed assets Operating lease rentals- plant and machinery Operating lease rentals- land and buiklings Audf(ors' remunerath)n for audrt seNices Key mana9emenl personnel rernunerab'on 114.174 7.724 87.200 5.300 109.130 123,916 6.259 83,205 5.020 94.857 10 Staff costs 2026 2024 Wag8s and salari8S Social $e¢urty costs Other pensi costs 1,194,341 82,624 51,754 1,328,719 1,247,744 91.486 57,180 1,396,410 Key management personnel comprise the Chief ExecutNe Officer and the Deputy Chief Executive. The num1 of employees who receiv lolal employee benefrts (exclJIng employer penslon costs} of more than £60,000 is as follows.. Number Number £60,(K11-£70,000 Average number of employees during the year Senior management team Administration and support Number Number 50 51 57 The average numb¥ of employees during the year, ¢al¢ulaled on the basi$ of full time equivalents wa$ 5212024- 51). 26
The Food Train Limited Notes to the Flnanclal Statements for the year ended 31 March 2025 Land and Bulldlngs At cost Delivery vans At cost 11 Tanglble fixed assets Equlpment Al ¢ost T¢)tal Cost or valuatlon At 1 April 2024 AddilR)ns Disposal$ At 31 March 2025 314,053 1,029,506 105,054 184,3851 1,050,175 45,393 1.090 1,388,952 106.144 {84.385) 1.410.711 314,053 46.483 Dopr8clation At 1 April 2024 Charge for the year On disposals At 31 March 2025 12,562 6.281 708,056 102,524 167,9621 742,618 25,010 5,369 745,628 114,174 (67,962) 791,840 18.843 30,379 Carrylng amount At 31 March 2025 295,210 307,557 16,104 818,871 At 31 March 2024 301.491 321.450 20,383 643,324 12 Debtors 2025 2024 Trade debtors Other debtors Prepayments and accwed income 52.391 12,086 22.965 87,442 56,736 5,811 21,439 83,986 27
The Food Train Llmiled Notes to the Flnanclal Statements for the year ended 31 March 2025 13 Cash held as ¢ust¢xllan trustee on behalf of cuslomers Cash al Bank and in hand includes monies that have been received from clients in resp1 of their shcpping purcha$8s. These funds are held in separats "shopping" bank accounts in trust for clients. The money is paid to the shop when payment 1$ requested. 2025 2024 Cash hew for customers 170.480 164,686 14 Creditors.. arnounts falling due within one year 2025 2024 Trade eredilors other laxes and social security costs rued holiday pay other creditors Deferred income Accruals 177.2CE 29,253 19.111 2,180 382.425 9,020 619,175 169.978 36,917 17,208 3.039 54.435 8,620 290,197 Deferred in¢om• ro¢onciliation At 1 April 2024 Amount released to the Statement of Financial AclNilies Amount deferred in the year 54,435 154,4351 382,425 100,000 1100.0001 54,435 At 31 Mareh 2025 382.425 54,435 Deferred income represents grants that have been received in the current year $pe¢ffically to be used in the fomwng financial year. 15 Ngt dobt TKonciliation Cashflows Cllwd Cash at bank and in hand 863.889 405.258 1,269.147 Priorye8rnet debt reconclllètion Cash at bank and in hand 1,190.553 326,664 863.889 28
The Food Traln Llmlted Notes to the Financial Statements for the year ended 31 MaKh 2025 16 Rostrlcted Income funds Income Expendllure cifv Scottish Power ElerIe Vans Energy Samng Trust.. Equipment SGN Connections Fund Third Sector Dumfries & Galbway Befriending - National Lottery Community Fund National Lottery Communty Fund (Improving Lives programme: cost of liwng supporti National Lottery Community Fund (Improving Lives.. Staffing support ) 95.728 80,639 16,666 86,169 155,1071 (20,4991 {46,6661 {45,0001 126,790 60.140 30,000 45.000 62,529 {62,5291 62.423 {46.8171 15,606 12.500 {12,500) 205,533 286,121 1289,118) 202,536 Prforyearrestrfcted Income lunds Scottish P(xver Etectric Vans Energy Samng Trust SGN Connections Fund Befriending - National Lottery Community Fund National Lottery Community FurKI (Improving Lives programmel 127,640 4,454 131.912) (27,331} {28,334} 96,728 80,639 16,666 103,516 45,000 65,071 168,63n 75,000 162,500) 12,500 133,660 288,587 1216,7141 205,533 The Scottish Pmr Electric Vans fund represents investment during 201&20 in electric vans and charging equipment paid for by a grant from Scottish Power. Additional funding has been provided lo help meet the costs ass¢xiated with these vans and equipment. The Energy Saving Trust Equipmonl Fund is lo pay for the purchase and in8tsllation of elettrical charging equipment and Iwo vans. The SGN ConnectKJn8 Fund 18 to help meel Staffing costs. The grant paid by Third Sector Dumfries & GaIaY was paid on behalf of the D&G Community Led Development Fund to deliver the Older People's Hol Food project. The Befriending - Natv)nal Lottery Community Fund is to support a continuing Befriending service and purchase a minibus ¥th the help of grants from the National Lottery Communty Fund. The National Lottery C¢Jnmunity Fund Ilmprovlng Lives programme - cost of living support) is to enable the eontinualion of a range of support lo older people living in the Slirling antj Clackmannanshire a88. The National Lottery Ccthmunty Fund {Improving Lives pr(>yramme - Staffing Support) contributed to staffing costs and other support costs at the Glasgow Branch. 29
The Food Traln Llmlted Notes to the Financial Statements forthe year ended 31 March 2025 17 Unrestricted Income funds 811wd Inc¢xne Expendlture General Fund 629,865 1,731,338 {1,638,042) 723,181 Designated fund.. Building Fund Equipment Fund 301,491 164,113 16.281) 143.933) 295,210 135.378 15,198 1,095,469 1,746,536 {1,688,256) 1,153,749 Prforjw unr•stri¢tsd in¢om• funds General Fund 514.041 1.897,699 1.781,875) S29,865 Designated funds.. Building Fund Equipment Fund 307,772 192,715 16.2811 {46,821) 301.491 164.113 18,219 1,014,528 1,915,918 {1,834.9771 1.095,469 18 Defined contribution pension scheme The Charrty operates a defined contribution pension scheme for all qualfying employees. The assets ot the Scheme are held separalety from those of the Gharity in an independently administered fund. The charge lo the $taloment of financial actNilies in respect of th& delinod contribution schemg was £51,75412024-. £57,180). 30
The Food Traln Llmlted Notes to Ihe Flnanclal Statements for the year ended 31 March 2025 Tangible fixod assets Net curyent $0ts 19 AlYSIS of nol assets between funds Tolal R•strict•d Income funds Scottish Power Electr Vans Energy Saving Tru81 N*ional Lottery Community Fund 126,790 61,493 126,790 80,140 15,6C6 202,536 {1,3S31 15,606 14,253 188,283 Unrestricted income funds D8signated funds Ggneral fund 430,588 430,588 723,161 1.153,749 723,161 723,161 430,588 Total funds 618,871 737,414 1,356,285 Prlor Yearanalysls of n•t •ss•ts b•tween funds Restrtctod Incomo funds Scottish Power Electric Vans Energy Saving Trust SGN Connections Fund National Lottery Communty Fund 95,728 81,992 95,728 80,639 16,666 12,500 205,533 11,3531 16.666 12,500 27,813 177,720 Unrestrlcted Income fvnds Designated funds General fund 465,604 465.604 629.865 1.095.469 629,865 629,865 465,604 Total funds 643,324 657,678 1,301.002 20 Othor flnanclal commllmènts Total future minimumloase payments under nOnnCelIable operating leases.. Land and bulldlngs 2025 Land and bulldlngs 2024 Other 2025 Other 2024 Falling due.. within one yaar within tsvo lo five years 53.538 7,560 61.098 58,073 14,515 72.588 7,724 10,334 18,058 6,413 11,023 17.436 31
The Food Train Limited Note5 to the Financial Ststements for the year anded 31 March 2025 21 Prfor Year Statoment of Financial Activiti05 {in¢luding income and expendrture account) Unrestricted Funds Rgstrl¢t•d Funds Total Funds 2024 Not•5 Incorne from: Donations and legacies Charitable actilieS Other trading active$ Investments Other income 106,885 1,778,970 18.686 6,913 106,885 2,067,557 18,686 6,913 288,587 Total income 1,915.918 288,587 2.204,505 expendlturg on: Raising funds Charitable a¢liwlies 11,433) (1,833,544} 11,4331 {216.7141 {2,050,2581 Total expendlture 11,834,9T7} {216,7141 {2,051,6911 Not Incomel{•xpendSturo} for tho yoar 80,941 71.873 152,814 Net movement In funds 80,941 71.873 152,814 Reconciliation of funds.. Total funds brought forward 1.014,528 133,660 1,148.188 Total funds carried forward £1.095,469 £205,533 £1.301,002 22 Related rtY transaction5 No members of the Board of Directors received any remuneration during the year. Travel costs of £35 (2024.. £nill were paid to one director. Other expenditur• in relation to training and holding meetings of the Board of Directors totalled £51312024.. £661). No diréctor or other person related to the charitable company had any personal int8r&5t in any contract or transaetion entered into by the eharty during the year. 23 Controlling party The Charitabl8 Company 1$ under the control of rts Board of Dir8Ctors. Legal fomi of èntity and country of incorporation The Food Train ss a prNale charitable company limited by Guarantee and incorporated in Scotland. In the event of the charity being wound up, the liabih'ty in respe¢t of the guarantee is limited to £1 per member of the charty. 32