**Charity number: SC045884**
## **ABERDEENSHIRE NORTH FOODBANK SCIO**
**(A Scottish Charitable Incorporated Organisation)**
**UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **ABERDEENSHIRE NORTH FOODBANK SCIO**
## **(A Scottish Charitable Incorporated Organisation)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Company, its Trustees and advisers**|1|
|**Trustees' report**|2 - 4|
|**Trustees' responsibilities statement**|5|
|**Independent examiner's report**|6|
|**Statement of financial activities**|7|
|**Balance sheet**|8|
|**Notes to the financial statements**|9 - 22|
## **ABERDEENSHIRE NORTH FOODBANK SCIO**
## **(A Scottish Charitable Incorporated Organisation)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Trustees**
## **Charity registered number** SC045884
## **Registered office**
## **Accountants**
## **Bankers**
4 St James's Place Inverurie Aberdeenshire AB51 3UB Armstrong Watson LLP Chartered Accountants 1st Floor 24 Blythswood Square Glasgow G2 4BG The Royal Bank of Scotland 21 Market Street Inverurie Aberdeenshire AB51 3PU
Page 1
## **ABERDEENSHIRE NORTH FOODBANK SCIO**
## **(A Scottish Charitable Incorporated Organisation)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024**
The Trustees present their annual report together with the financial statements of the Company for the year 1 January 2024 to 31 December 2024. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
## **Objectives and activities**
## **a. About Aberdeenshire North Foodbank SCIO**
The Foodbank works for the prevention or relief of poverty, principally but not exclusively by the provision of emergency food supplies to individuals and families in need and/or charities, or other organisations working to prevent or relieve poverty.
The activities of the Foodbank are carried out with a Christian ethos, supporting values and principles which promote social inclusion and anti-discriminatory practices.
The Foodbank operates in the north of Aberdeenshire in particular (i.e. Banff & Buchan Area; Buchan Area; Formartine Area; Garioch Area; and Huntly, Strathbogie and upper Marr Area).
## **Achievements and performance**
## **a. Main achievements of the Charity and future plans**
The Foodbank saw a year of continued challenge and change in 2024, accompanied by continued generosity of our supporters and fundraisers. Nevertheless, 2024 saw a significant drop off in levels of financial donations compared to 2023. Despite this, our staff team numbers increased significantly with 5 new appointments during April 24, four of which were still in role at the end of 2024. We have continued to work at all 5 Foodbanks and 2 storage warehouses, including continued partnership work at the Huntly Food Pod, which included financial inclusion work with Gordon Rural Action (GRA). We also maintained development of the Peterhead Market Garden despite fundraising challenges. We also continued the co-ordination of the Fair Food Aberdeenshire initiative with our partners.
The impact of the cost-of-living crisis was still seen, with an increase in need for food in all of our Foodbank centres. The cost-of-living crisis also had an impact on food donations, with a decrease of about 4,200 kg of donated food to about 69,849 kg (down from 74,068 kg in 2023, which in turn was about 8,000 kg down on 2022) Our donated food did not keep up with the demand, so we found ourselves having to purchase nearly 7,000 kg of food in 2024.
The Board of Trustees was augmented by a new Trustee in early 2024, when Tim Townsend joined us. The Board of Trustees has continued to work on a ‘rotating chair’ basis and this has worked well, and we have decided to continue on this basis for the foreseeable future. The Board is continuing to ensure that the Foodbank is well governed and managed and has an organisational structure that will enable it to meet the twin challenges of ensuring that those who need food can receive it, and to work strategically toward the elimination of food poverty in Aberdeenshire.
Page 2
**ABERDEENSHIRE NORTH FOODBANK SCIO**
## **(A Scottish Charitable Incorporated Organisation)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves policy**
At the end of the reporting period, the Foodbank had Reserves of £200,171 of which £73,933 was held in Restricted funds and £126,238 was held in Unrestricted funds. Of this £126,238 in unrestricted funds, about £65,045 is in food stocks and nearly £10,500 is the estimated value of the van and other fixed assets. The reserves policy for the Foodbank is reviewed annually towards the end of the calendar year, and for 2024, the reserves level is set at £113,000, for the reasons described in the ANFB Reserves Policy document.
## **c. Review of financial position**
During the reporting period the Foodbank has deficit of £161,292 with an Income of £335,800 and Expenditure of £497,092.
The Foodbank is funded by a blended mix of income streams including charitable donations, grants and other donations from organisations and companies. In addition, the Foodbank receives a monetary donation from the Trussell Trust via Tesco. This is based upon a financial ‘top-up’ calculated as a percentage of the weight of food donated to the Foodbank through regular food collection drives and permanent food collection points held in local Tesco stores.
The Foodbank has been successful in being awarded a number of grants during the reporting period from the Trussell Trust and Aberdeenshire Council. We are extremely grateful for these and all other personal and group donations that have been donated to us.
## **Structure, governance and management**
## **a. Constitution**
The Charity is a Scottish Charitable Incorporated Organisation (SCIO). It was registered on 6th August 2015. It is a single tier structure organisation which consists of the Charity Trustees who are also the organisation’s only members and comprise the organisation’s board
## **b. Methods of appointment or election of Trustees**
Charity Trusteeship is open to any person aged 16 or over, who subscribes to the purposes, ethos, values and principles of the organisation and wishes to see them fulfilled.
Any person who wishes to become a Charity Trustee must sign a written application for Charity Trusteeship. The application will then be considered by the Board at its next Board meeting. The Board may, at its discretion, refuse to admit any person to Charity Trusteeship. The Board must notify each applicant promptly (in writing, which includes by e-mail) of its decision on whether or not to admit them to Charity Trusteeship.
Page 3
## **ABERDEENSHIRE NORTH FOODBANK SCIO**
## **(A Scottish Charitable Incorporated Organisation)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Structure, governance and management (continued)**
## **c. Administrative Structure**
It is the duty of the Trustees to manage the affairs of the Foodbank with responsibility to keep the fabric and property in good working order, to look after the finances of the Foodbank and with furthering the Foodbank’s mission.
## **d. Employment**
At the end of 2024, the Foodbank had 8 paid employees, of which 4 worked for 30 hours or more per week. The total salary bill was around £15,570 per month (including NI & Pensions), of which about 60% was supported by unrestricted funds.
## **e. Volunteers**
The Trustees continue to be grateful for the time freely given by volunteers, without whom the Foodbank would be unable to operate.
## **f. Statement of Risk**
The Board of Trustees and Foodbank Manager keep under review the major risks to which the Foodbank is exposed. Procedures have been established to mitigate any risks identified.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Page 4
## **ABERDEENSHIRE NORTH FOODBANK SCIO**
## **(A Scottish Charitable Incorporated Organisation)**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on its behalf by:
Page 5
ABERDEENSHIRE NORTH FOODBANK SCIO
IA Scottish Charitable Incorporated Organisation)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent examinerfs report to the Trustees of Aberdeenshire North Foodbank SCIO
I report on the accounts of the company for the year ended 31 December 2024 which are set out on
pages 7 to 22.
Respective responsibilities of Trustees and examiner
The trustees, who are a150 directors of the company for the purposes of company law, are responsible for the
preparation of the financial Statements in accordance with the terms of the Charities and Trustee Investment
Iscotlandl Act 2005 I'the Act,) and the Chartties Accounts (Scotlandl Regulation 2006 1.the Accounts
Regulations')- The trustees consider that the audit reqtsiremenl of Regulation 1011)lal to le} of the Accounts
Regulations does not apply. It is my responsibility to examine the financial statements as required under section
4411 Ile} of the Aet and lo state whether particular matters have eome to my attention.
Basis of independent examiner's staternent
My examination was carried out in accordance with regulation 11 of the Accounts Regulations. An examination
includes a review of the accounting records kept by the company and a comparison of the financial ststements
presented with those records. 11 also includes consideration of any unusual items or disclosures in the financial
statements, and seeking explanations from you as trustees conceming any such matters. The procedures
undertaken 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 accounts.
Independent examinerfs statement
In the course of my examination. no matter has come to my attention"
which gives me reasonable cause to believe that in any material respect the requirements-
to keep accounting records in accordance wlth sectr'on 44111{a} of the Act and regulation 4 of the
Accounts Regulation5" and
to prepare financial statements which accord with the accounting records, Accounting and
Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard in the UK and Republic of Ireland IFRS 1021 and in other respects comply wrth regulation
8 of the Aecounts Regulations
have not been met" or
to which, in my opinion, attention should be drawn in order to enable proper understanding of the ffinancial
statements to be reached.
This report is made solely to the company's Trustees, as a body, in accordance with regulation 11 of the
CharitEs Accounts IScolland} Regulations 2006. My work has been undertaken so that I might state to the
company'5 Trustees those matters l am required to state to them in an Independent examine¢s report and for no
other purpose. To the fullest extent permitted by law, I do not accept or assume responsibilty to anyone other
than the company and the company's Trustees as a body, for my work or for this report.
Armstrong Watson LLP, 1st Flooi, 24 Blylhswood Squaie, Glasgow, G2 4BG
Page 6
## **ABERDEENSHIRE NORTH FOODBANK SCIO**
## **(A Scottish Charitable Incorporated Organisation)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024**
|**Note**
**Income from:**
Donations and gifts
3
Other trading activities
Investments
**Total income**
**Expenditure on:**
Charitable activities
4
**Total expenditure**
**Net expenditure**
Transfers between funds
13
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
**242,204**
**-**
**410**
**242,614**
**361,050**
**361,050**
**(118,436)**
**5,969**
**(112,467)**
**238,705**
**(112,467)**
**126,238**|**Restricted**
**funds**
**2024**
**£**
**93,186**
**-**
**-**
**93,186**
**136,042**
**136,042**
**(42,856)**
**(5,969)**
**(48,825)**
**122,758**
**(48,825)**
**73,933**|**Total**
**funds**
**2024**
**£**
**335,390**
**-**
**410**
**335,800**
**497,092**
**497,092**
**(161,292)**
**-**
**(161,292)**
**361,463**
**(161,292)**
**200,171**|_Total_
_funds_
_2023_
_£_
_444,047_
_882_
_120_
_445,049_
_500,130_
_500,130_
_(55,081)_
_-_
_(55,081)_
_416,544_
_(55,081)_
_361,463_|
|---|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 22 form part of these financial statements.
Page 7
## **ABERDEENSHIRE NORTH FOODBANK SCIO (A Scottish Charitable Incorporated Organisation) REGISTERED NUMBER:**
## **BALANCE SHEET AS AT 31 DECEMBER 2024**
|**Fixed assets**
**Note**
Tangible assets
9
**Current assets**
Stocks
10
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one
year
12
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Restricted funds
13
Unrestricted funds
13
**Total funds**|**65,045**
**2,614**
**134,008**
**201,667**
**(11,839)**|**2024**
**£**
**10,343**
**10,343**
**189,828**
**200,171**
**200,171**
**73,933**
**126,238**
**200,171**|_60,717_
_1,204_
_296,119_
_358,040_
_(10,237)_|_2023_
_£_
_13,660_|
|---|---|---|---|---|
|||||_13,660_
_347,803_|
|||||_361,463_|
|||||_361,463_|
|||||_122,758_
_238,705_|
|||||_361,463_|
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
The notes on pages 9 to 22 form part of these financial statements.
Page 8
**ABERDEENSHIRE NORTH FOODBANK SCIO (A Scottish Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. General information**
Aberdeenshire North Foodbank SCIO is a Scottish Charitable Incorporated Organisation. It operates from its registered office of 4 St James's Place, Inverurie, Aberdeenshire, AB51 3UB.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Aberdeenshire North Foodbank SCIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Going concern**
The charity has adequate resources and is well placed to manage future risks. The charity’s planning process, including financial projections, has taken into consideration the current economic climate and its potential impact on the various sources of income and planned expenditure. The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The trustees believe that there are no material uncertainties that call into doubt the charity’s ability to continue. The financial statements have therefore been prepared on the basis that the charity is a going concern.
## **2.3 Incoming Resources**
Voluntary income is disclosed in the Statement of financial activities in the year in which it is receivable. Income from fundraising events is received in exchange for supply goods and services in order to raise funds and is recognised when entitlement has occurred.
Income resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance. Deferred income represents amounts received for future periods and is released to incoming resources in the period for which it is received.
No amount is include in the Statement of financial activities for volunteer time.
Where goods or services are provided to the charity as a donation that would normally be purchased from suppliers, this contribution is included in the financial statements at an estimate based on the value of the contribution to the charity.
Food and toiletries donated to the charity and held as stock for distribution by food banks directly operated by the charity, are recognised as income within voluntary income when received and as stock; an equivalent amount is included as expenditure when stock is distributed.
Page 9
**ABERDEENSHIRE NORTH FOODBANK SCIO**
**(A Scottish Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **2. Accounting policies (continued)**
## **2.4 Resources expended**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
Expenditure is recognised on an accruals basis as a liability is incurred.
Costs of charitable activities comprises the costs associated with the charity’s principal activities and are accounted for when payable.
Governance costs are included in charitable activities and represents expenditure associated with meeting the constitutional and statutory requirements of the charity and include accountancy fees and costs linked to the strategic management of the charity.
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis. Staff salaries and expenditure relating to specific projects are allocated directly against the income for that project. In addition where a project allows the proportion of general overhead costs relating to that project are also allocated against the income.
## **2.5 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **2.6 Tangible fixed assets and depreciation**
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.
Depreciation is provided on the following bases:
Motor vehicles - 20% reducing balance Computer equipment - 3 years straight line
Page 10
**ABERDEENSHIRE NORTH FOODBANK SCIO (A Scottish Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **2. Accounting policies (continued)**
## **2.7 Stocks**
Stocks comprise food and toiletries held for distribution by the food bank. Stocks are valued at fair value, after allowance for obsolete and slow-moving items.
## **2.8 Debtors**
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
## **2.9 Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.10 Creditors**
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount.
## **2.11 Pensions**
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.
## **2.12 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 11
**ABERDEENSHIRE NORTH FOODBANK SCIO**
## **(A Scottish Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **3. Income from donations and gifts**
|**Donations**
Donations and gifts
Donated food
**Grants**
2023 Fairer Aberdeenshire Fund
2024 Fairer Aberdeenshire Fund
2024 Market Garden
Trussell Trust Building Capacity (Pathfinder)
Fraserburgh Foodbank
Other grants
Donations|**Unrestricted**
**funds**
**2024**
**£**
69,679
165,540
-
-
-
-
-
-
6,985
242,204|**Restricted**
**funds**
**2024**
**£**
-
-
5,210
25,000
15,508
39,398
8,070
-
-
93,186|**Total**
**funds**
**2024**
**£**
**69,679**
**165,540**
**5,210**
**25,000**
**15,508**
**39,398**
**8,070**
**-**
**6,985**
**335,390**|
|---|---|---|---|
Page 12
**ABERDEENSHIRE NORTH FOODBANK SCIO**
## **(A Scottish Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **3. Income from donations and gifts (continued)**
|**Donations**
Donations and gifts
Donated food
**Grants**
Clashindarroch Windfarm Fund
Fairer Aberdeenshire Fund
Fraserburgh Foodbank
Pathfinder Capacity
SFP Participatory Process
St James Place Partnership
TNL
The Trussell Trust
Goodnews Health Scotland
AC Development Work
Other grants
**Subtotal**|_Unrestricted_
_funds_
_2023_
_£_
_84,769_
_165,900_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_23,604_
_23,604_
_274,273_|_Restricted_
_funds_
_2023_
_£_
_-_
_-_
_38,255_
_14,120_
_29,980_
_534_
_39,398_
_5,500_
_13,800_
_1,000_
_2,000_
_450_
_24,737_
_24,737_
_169,774_|_Total_
_funds_
_2023_
_£_
_84,769_
_165,900_
_38,255_
_14,120_
_29,980_
_534_
_39,398_
_5,500_
_13,800_
_1,000_
_2,000_
_450_
_48,341_
_48,341_
_444,047_|
|---|---|---|---|
Page 13
## **ABERDEENSHIRE NORTH FOODBANK SCIO**
## **(A Scottish Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **4. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Charitable activities
Charitable activities|**Unrestricted**
**funds**
**2024**
**£**
361,050
_Unrestricted_
_funds_
_2023_
_£_
_294,888_|**Restricted**
**funds**
**Total**
**2024**
**£**
**2024**
**£**
136,042
**497,092**
_Restricted_
_funds_
_Total_
_2023_
_£_
_2023_
_£_
_205,242_
_500,130_|
|---|---|---|
## **5. Analysis of expenditure by activities**
|Charitable activities
Charitable activities|**Activities**
**undertaken**
**directly**
**2024**
**£**
457,691
_Activities_
_undertaken_
_directly_
_2023_
_£_
_461,158_|**Support**
**Total**
**costs**
**funds**
**2024**
**£**
**2024**
**£**
39,401
**497,092**
_Support_
_Total_
_costs_
_funds_
_2023_
_£_
_2023_
_£_
_38,972_
_500,130_|
|---|---|---|
Page 14
**ABERDEENSHIRE NORTH FOODBANK SCIO**
## **(A Scottish Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **6. Independent examiner's remuneration**
|**Independent examiner's remuneration**|||
|---|---|---|
||**2024**|_2023_|
||**£**|_£_|
|Fees payable to the Charity's independent examiner for the independent|||
|examination of the Charity's annual accounts|**3,900**|_3,750_|
## **7. Staff costs**
|Wages and salaries
Employer's National Insurance
Contribution to defined contribution pension schemes|**2024**
**£**
**171,956**
**4,709**
**3,116**
**179,781**|_2023_
_£_
_163,610_
_584_
_5,285_
_169,479_|
|---|---|---|
The average number of persons employed by the Company during the year was as follows:
||**2024**|_2023_|
|---|---|---|
||**No.**|_No._|
|Management|**8**|_8_|
No employee received remuneration amounting to more than £60,000 in either year.
The total remuneration paid to key management personnel was £39,448 (2023 - £15,299).
## **8. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2023 - £NIL)_ .
During the year ended 31 December 2024, no expenses were reimbursed to Trustees _(2023 - £_ 396 to 1 Trustee).
Page 15
## **ABERDEENSHIRE NORTH FOODBANK SCIO**
## **(A Scottish Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **9. Tangible fixed assets**
|**Cost or valuation**
At 1 January 2024
At 31 December 2024
**Depreciation**
At 1 January 2024
Charge for the year
At 31 December 2024
**Net book value**
At 31 December 2024
_At 31 December 2023_
**10.**
**Stocks**
Food
**11.**
**Debtors**
**Due within one year**
Trade debtors
Prepayments and accrued income|**Motor**
**vehicles**
**£**
**21,755**
**21,755**
**9,914**
**2,368**
**12,282**
**9,473**
_11,841_||**Computer**
**equipment**
**£**
**3,162**
**3,162**
**1,343**
**949**
**2,292**
**870**
_1,819_
**2024**
**£**
**65,045**
**2024**
**£**
**734**
**1,880**
**2,614**|**Total**
**£**
**24,917**
**24,917**
**11,257**
**3,317**
**14,574**
**10,343**
_13,660_
_2023_
_£_
_60,717_
_2023_
_£_
_764_
_440_
_1,204_|
|---|---|---|---|---|
||||||
||||||
||||||
||||||
||||||
||||||
Page 16
## **ABERDEENSHIRE NORTH FOODBANK SCIO**
## **(A Scottish Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **12. Creditors: Amounts falling due within one year**
|Trade creditors
Other taxation and social security
Accruals and deferred income|**2024**
**£**
**3,963**
**3,016**
**4,860**
**11,839**|_2023_
_£_
_4,416_
_1,495_
_4,326_|
|---|---|---|
|||_10,237_|
Page 17
**ABERDEENSHIRE NORTH FOODBANK SCIO**
## **(A Scottish Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **13. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
General Funds
**Restricted funds**
AC Development Work
2024 Market Garden
CMHWF Garden Worker
2023 Fairer Aberdeenshire
Fund
2024 Fairer Aberdeenshire
Fund
Peterhead and Fraserburgh
Foodbanks
Fortmarine Slow Cooker
Project
SFP Participatory Process 22
Trussell Trust Building Capacity
Just Transition Fund
Tackling Poverty & Inequalities
Pathfinder - Additional Day
Pathfinder Funding - Financial
Inclusion
**Total of funds**|**Balance at 1**
**January**
**2024**
**£**
**238,705**
**54,083**
**-**
**7,535**
**-**
**-**
**929**
**1,180**
**3,138**
**37,324**
**435**
**6,394**
**5,969**
**5,771**
**122,758**
**361,463**|**Income **
**£**
**242,614**
**-**
**15,508**
**-**
**5,210**
**25,000**
**8,070**
**-**
**-**
**39,398**
**-**
**-**
**-**
**-**
**93,186**
**335,800**|**Expenditure**
**£**
**(361,050)**
**(43,003)**
**(15,508)**
**(7,535)**
**(5,210)**
**(21,169)**
**(5,325)**
**-**
**(2,738)**
**(25,717)**
**(435)**
**(6,192)**
**-**
**(3,210)**
**(136,042)**
**(497,092)**|**Transfers**
**in/out**
**£**
**5,969**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**(5,969)**
**-**
**(5,969)**
**-**|**Balance at**
**31**
**December**
**2024**
**£**
**126,238**|
|---|---|---|---|---|---|
||||||**11,080**
**-**
**-**
**-**
**3,831**
**3,674**
**1,180**
**400**
**51,005**
**-**
**202**
**-**
**2,561**|
||||||**73,933**|
||||||**200,171**|
Page 18
**ABERDEENSHIRE NORTH FOODBANK SCIO**
**(A Scottish Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **13. Statement of funds (continued)**
## **Aberdeenshire Council Development Work**
Funding to develop projects towards reducing the need for emergency food and to drive best practice in Aberdeenshire, and also to coordinate the Fair Food Aberdeenshire Partnership.
## **Aberdeenshire Council Huntly Project Worker**
Funding towards the salary costs for a Project Worker for the new Huntly Food Hub Project. The Huntly Food Hub was a new project in 2022 to support the community to identify and provide ways out of food insecurity and poverty. The hub will have a community fridge and freezer overseen by the project worker. The project worker will recruit and oversee a volunteer team to run the space and will also undertake outreach work out with Huntly, looking at food skills, budgeting skills etc.
## **Trussell Trust Changing Minds**
Funding from TT under the Pathfinder programme to fund a part time Changing Minds worker with an aim to Influence public perceptions of poverty and to campaign for change.
## **Trussell Trust Participation Grant**
Funding from TT under the Pathfinder programme to fund a part time Participation worker. The Participation worker will work with people with direct lived experience of food insecurity and poverty and ensure they are involved in key decision making and processes in the foodbank. The Participation worker will also ensure that those experts by experience are heard in the wider community. In 2022, with the agreement of the TT Grants team, this funding was combined with the Changing Minds grant above, to fund a full time role across both activities, for a Community Participation and Campaigns Lead.
## **Fraserburgh Foodbank Centre and Fairer Aberdeenshire Fund**
Monthly funding from Aberdeenshire Council Community Planning Partnership to fund the rent and utilities for the Fraserburgh foodbank, with the focus being on reducing immediate food insecurity needs and using the space to deliver longer term solutions to poverty and hunger.
## **Making Your Money Matter Course**
Funding from Aberdeenshire Council Marr Initiative for the development and running of a 6 week course in Huntly to support those facing financial challenges, including advice and support on income maximisation, cooking and budgeting tips and home money saving ideas.
## **Formartine Slow Cooker Project**
Funding from Aberdeenshire Council Formartine Community Planning for a slow cooker project rolled out with partners in the Formartine area to purchase slow cookers, food pantry starters packs, supermarket vouchers and recipe booklets with the view to reducing cooking costs for families and individuals and promote healthy eating.
## **Financial Inclusion Service Extension**
Funding from Trussell Trust under the Pathfinder Programme (we are working with the TT to look at ways we can deliver their strategy to end the need for foodbanks on a practical level) for an extension of the Financial Inclusion Services provided by Aberdeen Foyer and Gordon Rural Action but also for evaluation of its effectiveness.
## **Pathfinder Capacity**
This is Trussell Trust funded money to cover the full employment costs of a Chief Officer (CO) role, which was required given the extra complexity of becoming a (Trussell Trust) Pathfinder Foodbank, a role which is in addition to the role of Foodbank Manager. The latter role is the legacy role that runs the full operational ANFB network of 5 foodbank centres and two warehouse facilities + all the centre coordinators and volunteers.
## **SFP Participatory Process**
This is funding from the Soil association as a contribution to the work that the Fair Food Partnership in Aberdeenshire.
co-ordinates for
Page 19
## **ABERDEENSHIRE NORTH FOODBANK SCIO**
## **(A Scottish Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **13. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
General Funds
**Restricted funds**
AC Development Work
AC Huntly Project Worker
2024 Market Garden
CMHWF Garden Worker
2023 Fairer Aberdeenshire
Fund
2024 Fairer Aberdeenshire
Fund
Peterhead and Fraserburgh
Foodbanks
Fortmarine Slow Cooker
Project
Making Your Money Matter
Course
Pathfinder Capacity - restricted
SFP Participatory Process 22
Trussell Trust Building Capacity
Just Transition Fund
TT Changing Minds
Price Of Wales Fund
TT Emergency Grant Fund -
Winter Support
Confidence to cook course
Tackling Poverty & Inequalities
Pathfinder - Additional Day
Pathfinder Funding - Financial
Inclusion
**Total of funds**|_Balance at_
_1 January_
_2023_
_£_
_257,307_
_59,530_
_12,940_
_17,644_
_-_
_-_
_19,421_
_4,721_
_1,180_
_2,000_
_18,986_
_4,000_
_-_
_-_
_15,033_
_-_
_3,782_
_-_
_-_
_-_
_-_
_159,237_
_416,544_|_Income_
_£_
_275,275_
_38,255_
_-_
_-_
_29,980_
_14,120_
_-_
_5,500_
_-_
_-_
_-_
_1,000_
_39,398_
_13,800_
_534_
_2,000_
_-_
_450_
_11,600_
_5,969_
_7,168_
_169,774_
_445,049_|_Expenditure_
_£_
_(294,888)_
_(43,702)_
_(12,940)_
_(17,291)_
_(22,445)_
_(14,120)_
_(19,421)_
_(9,292)_
_-_
_(2,000)_
_(18,986)_
_(1,862)_
_(2,074)_
_(13,365)_
_(15,567)_
_(1,342)_
_(3,782)_
_(450)_
_(5,206)_
_-_
_(1,397)_
_(205,242)_
_(500,130)_|_Transfers_
_in/out_
_£_
_1,011_
_-_
_-_
_(353)_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_(658)_
_-_
_-_
_-_
_-_
_-_
_(1,011)_
_-_|_Balance at_
_31_
_December_
_2023_
_£_
_238,705_|
|---|---|---|---|---|---|
||||||_54,083_
_-_
_-_
_7,535_
_-_
_-_
_929_
_1,180_
_-_
_-_
_3,138_
_37,324_
_435_
_-_
_-_
_-_
_-_
_6,394_
_5,969_
_5,771_|
||||||_122,758_|
||||||_361,463_|
Page 20
## **ABERDEENSHIRE NORTH FOODBANK SCIO**
## **(A Scottish Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **14. Summary of funds**
## **Summary of funds - current year**
|General funds
Restricted funds
**Summary of funds - prior year**
General funds
Restricted funds|**Balance at 1**
**January**
**2024**
**£**
**238,705**
**122,758**
**361,463**
_Balance at_
_1 January_
_2023_
_£_
_257,307_
_159,237_
_416,544_|**Income**
**£**
**242,614**
**93,186**
**335,800**
_Income_
_£_
_275,275_
_169,774_
_445,049_|**Expenditure**
**£**
**(361,050)**
**(136,042)**
**(497,092)**
_Expenditure_
_£_
_(294,888)_
_(205,242)_
_(500,130)_|**Transfers**
**in/out**
**£**
**5,969**
**(5,969)**
**-**
_Transfers_
_in/out_
_£_
_1,011_
_(1,011)_
_-_|**Balance at**
**31**
**December**
**2024**
**£**
**126,238**
**73,933**
**200,171**
_Balance at_
_31_
_December_
_2023_
_£_
_238,705_
_122,758_
_361,463_|
|---|---|---|---|---|---|
## **15. Analysis of net assets between funds**
**Analysis of net assets between funds - current period**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|**Unrestricted**
**funds**
**2024**
**£**
10,343
127,734
(11,839)
126,238|**Restricted**
**funds**
**2024**
**£**
-
73,933
-
73,933|**Total**
**funds**
**2024**
**£**
**10,343**
**201,667**
**(11,839)**
**200,171**|
|---|---|---|---|
Page 21
**ABERDEENSHIRE NORTH FOODBANK SCIO**
## **(A Scottish Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **15. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior period**
|Tangible fixed assets
Current assets
Creditors due within one year
|_Unrestricted_
_funds_
_2023_
_£_
_13,660_
_235,282_
_(10,237)_
_238,705_|_Restricted_
_funds_
_2023_
_£_
_-_
_122,758_
_-_
_122,758_|_Total_
_funds_
_2023_
_£_
_13,660_
_358,040_
_(10,237)_
_361,463_|
|---|---|---|---|
## **Total**
## **16. Pension commitments**
The organisation operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and there were no outstanding amounts due at the balance sheet date (2023 - same).
## **17. Operating lease commitments**
At 31 December 2024 the Company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:
||||**2024**|_2023_|
|---|---|---|---|---|
||||**£**|_£_|
|Not later than|1|year|**-**|_800_|
## **18. Related party transactions**
The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 December 2024.
Page 22
Dear Sirs
During the course of the preparation of your accounts for the period ending 31 December 2024, the following representations were made to us by the management and trustees. Please read these representations carefully and if you agree with our understanding please sign and return a copy of this letter to ourselves as confirmation of this.
## **Financial Statements**
- 1 You have fulfilled your responsibility as trustees, as set out in the terms of our engagement letter dated 18 May 2023, for preparing financial statements in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which we have drafted on your behalf, which give a true and fair view of the financial position of the charity as of 31 December 2024 and of the results of its operations for the year then ended and for making accurate representations to us.
- 2 Significant assumptions used by you in making accounting estimates, including those measured at fair value, are reasonable.
- 3 You have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements.
- 4 You have disclosed all known actual or possible litigation and claims whose effects should be considered when preparing the financial statements and these have been disclosed in accordance with the requirements of accounting standards.
- 5 Related party relationships and transactions have been appropriately accounted for and disclosed in accordance with the requirements of accounting standards. You confirm that the related party relationships and transactions on the attached sheet are a complete list of such relationships and transactions and that you are not aware of any further related parties or transactions.
- 6 All events since the balance sheet date which require disclosure or which would materially affect the amounts in the financial statements have been adjusted or disclosed in the financial statements.
- 7 You confirm that the financial statements are free from material misstatements, including omissions. You believe that those uncorrected misstatements identified during the preparation of the financial statements are immaterial both individually and in aggregate to the financial statements as a whole.
- 8 You confirm that, having considered your expectations and intentions for the next twelve months, and the availability of working capital, the charity is a going concern. You confirm that the disclosures in the accounting policies are an accurate reflection of the reasons for your consideration that the financial statements should be drawn up on a going concern basis.
## **Information provided**
- 9 All accounting records and relevant information have been made available to us for the purpose of our preparation of the financial statements. You have provided to us all other information requested and given unrestricted access to persons within the charity from whom we have deemed it necessary to request information.
- 10 All transactions undertaken by the charity have been properly reflected in the accounting records and are reflected in the financial statements.
- 11 You confirm that you are not aware of any possible or actual instance of non-compliance with those laws and regulations which provide a legal framework within which the charity conducts its business and which could affect the financial statements. The charity has complied with all aspects of contractual agreements that could have a material effect on the financial statements in the event of non-compliance.
- 12 You confirm that you have disclosed to us the identity of the charity’s related parties and all related party relationships and transactions relevant to the charity that you are aware of.
- 13 The charity has satisfactory title to all assets, and there are no liens or encumbrances on the assets except for those disclosed in the financial statements.
- 14 There are no liabilities, contingent liabilities or guarantees to third parties other than those disclosed in the financial statements.
- 15 The charity has at no time during the year entered into any arrangement, transaction or agreement to provide credit facilities (including loans, quasi-loans or credit transactions) for trustees, nor to guarantee or provide security for such matters, except as disclosed in the financial statements.
You confirm to the best of your knowledge and belief that the above representations are made on the basis of enquiries of management and staff with relevant knowledge and experience and, where appropriate, of inspection of supporting documentation sufficient to satisfy ourselves that you can properly make each of the above representations to us.
We should be grateful if you would kindly acknowledge your agreement with this letter by signing the duplicate where indicated and returning it to us.
Yours faithfully
## **Armstrong Watson LLP**
We confirm that we have read and understood the contents of this letter and agree that it accurately reflects the representations made to you by the trustees during the course of preparing the charity’s accounts.
Signed on behalf of the board of trustees by:
|**Party**|**Relationship**|**Nature of transaction**|
|---|---|---|
||Trustee|No transactions noted|
||Trustee|No transactions noted|
||Trustee|No transactions noted|
||Trustee|No transactions noted|
||Trustee|No transactions noted|
||Trustee|No transactions noted|
I