Docusign Envelope ID: F5EA0CA1-6BB7-8D26-80FD-409B14C43C27
Ireens Food For Thought
Charity No. SC051116
Trustees' Report and Unaudited Accounts
31 July 2026
Docusign Envelope ID: F5EA0CA1-6BB7-8D26-80FD-409B14C43C27 Ireens Food For Thought Contents
| Pages | |
|---|---|
| Trustees' Annual Report | 2 to 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Statement of Cash flows | 6 |
| Notes to the Accounts | 7 to 12 |
| Detailed Statement of Financial Activities | 13 to 14 |
Page 1
Docusign Envelope ID: F5EA0CA1-6BB7-8D26-80FD-409B14C43C27
Ireens Food For Thought Trustees Annual Report
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 July 2026.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. SC051116
Principal Office
1 Dyfrig Street Shotts ML7 4DJ
Trustees
The following Trustees served during the year:
I.M. Bwalya
J. McNeill
J. McNeill
Directors of Corporate Trustees
Ireene Mulenga Bwalya
Key Management Personnel
Chair John McNeill Charity Trustee Jade McNeill Charity Trustee Mark Thomas Charity Trustee James Neilson Charity Trustee Colin James McNeil Charity Trustee Rian Anderson
Accountants
Gardiner and Co Ltd
151 Main Street Forth ML11 8AE
OBJECTIVES AND ACTIVITIES
The prevention or relief of poverty overseas for children and young people.
ACHIEVEMENTS AND PERFORMANCE
Page 2
Docusign Envelope ID: F5EA0CA1-6BB7-8D26-80FD-409B14C43C27
Ireens Food For Thought
Trustees Annual Report
Passing rate for grade 7 Examination council of Zambia improved from 72% in the year 2023 to 73% in the year 2024 with the variance of 1% increase. The school has seen tremendous improvement in passing percentage for the grade 7 pupils who sat for their examination going to Secondary school from 73% in 2024 to 83% in 2025 with the variance of 10%.
We have managed to tackle severe lack of food and malnutrition at Henry Kapata Primary School by our food programme. Children have gained weight and have more energy and therefore performing better at school. This is evident as children are able to play and looking happy.
Cooking staff received refresher courses on health and safety and also fire safety. They were also trained in safeguarding children and given access to safeguarding policies online. Staff were also trained in food hygiene and handling.
Attendance by pupils continues being high at 98% to 99% as absenteeism is no longer a problem at the school now.
The organisation managed to aid a child with a disability who loves school but relies on Bicycle to get to school cycling 10km. Without a Bicycle he had to depend on his parents to carry him on their back. Together with community we grew and produced a few bags of maize which will go to feeding the children at school. Since the start of the feeding programme enrolment has constantly been high to the extent that Education board has put a cap to the number that should be enrolled to help the teaching staff give high quality teaching. We are still feeding almost the same number of pupils as last year. The number has just gone up slightly from 1,300 to 1320. Up by extra 20 learners.
FINANCIAL REVIEW
The trustees raised a total donation of £17,910 in the year. Grants received £9,750. Payments in the year totalled £27,704 towards general running costs. Reserves (funds which are freely available to meet the running costs of the group) are stable. This will ensure the continuation of the charity while further funding is being secured. The trustees have met this target at 31 July 2024.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is unincorporated and is governed by a Constitution which was adopted on 12 July 2021. The charity trustees are appointed by or reappointed by the members annually at the Annual General Meeting which is held in August each year. In the event of a mid term resignation, new trustees can be co-opted by the existing trustees and ratified at the next Annual General Meeting.
Statement of trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the 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 (FRS102).
The trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
Page 3
Docusign Envelope ID: F5EA0CA1-6BB7-8D26-80FD-409B14C43C27 Ireens Food For Thought
Trustees Annual Report
I.M. Bwalya Trustee 07 August 2026
Page 4
Docusign Envelope ID: F5EA0CA1-6BB7-8D26-80FD-409B14C43C27 Ireens Food For Thought Statement of Financial Activities
for the year ended 31 July 2026
| Notes Income and endowments from: Donations and legacies 3 Other 4 Total Expenditure on: Charitable activities 5 Other 6 Total Net gains on investments Net (expenditure)/income Transfers between funds Net (expenditure)/income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2026 £ 17,910 9,750 |
Total funds 2026 £ 17,910 9,750 |
Total funds 2025 £ 29,545 - |
|---|---|---|---|
| 27,660 20,501 7,203 |
27,660 20,501 7,203 |
29,545 20,665 6,279 |
|
| 27,704 - |
27,704 - |
26,944 - |
|
| (44) - |
(44) - |
2,601 - |
|
| (44) | (44) | 2,601 | |
| (44) 3,162 |
(44) 3,162 |
2,601 561 |
|
| 3,118 | 3,118 | 3,162 |
Page 5
Docusign Envelope ID: F5EA0CA1-6BB7-8D26-80FD-409B14C43C27 Ireens Food For Thought
Balance Sheet
at 31 July 2026
| at 31 July 2026 | at 31 July 2026 | |
|---|---|---|
| Charity No. SC051116 Notes 2026 £ Current assets Cash at bank and in hand 3,118 3,118 Net current assets 3,118 Total assets less current liabilities 3,118 Net assets excluding pension asset or liability 3,118 Total net assets 3,118 The funds of the charity Unrestricted funds 8 1 General funds 3,118 3,118 Total funds 3,118 Approved by the trustees on 07 August 2026 And signed on their behalf by: I.M. Bwalya Trustee 07 August 2026 |
2025 £ 3,162 |
|
| 3,162 | ||
| 3,162 3,162 |
||
| 3,162 | ||
| 3,162 | ||
| 1 | 1 | |
| 3,118 3,118 3,118 |
3,162 | |
| 3,162 | ||
| 3,162 | ||
Page 6
Docusign Envelope ID: F5EA0CA1-6BB7-8D26-80FD-409B14C43C27 Ireens Food For Thought Statement of Cash flows
for the year ended 31 July 2026
| Cash flows from operating activities Net (expenditure)/income per Statement of Financial Activities Adjustments for: Dividends, interest and rents from investments Net cash (used in)/provided by operating activities Cash flows from investing activities Dividends, interest and rents from investments Net cash from investing activities Net cash from financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances |
2026 £ (44) (9,750) (9,794) 9,750 9,750 - (44) 3,162 3,118 3,118 3,118 |
2025 £ 2,601 - |
|---|---|---|
| 2,601 - |
||
| - | ||
| - | ||
| 2,601 | ||
| 561 | ||
| 3,162 | ||
| 3,162 | ||
| 3,162 |
Page 7
Docusign Envelope ID: F5EA0CA1-6BB7-8D26-80FD-409B14C43C27 Ireens Food For Thought Notes to the Accounts
for the year ended 31 July 2026
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Income Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
Docusign Envelope ID: F5EA0CA1-6BB7-8D26-80FD-409B14C43C27 Ireens Food For Thought Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions 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 and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
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Docusign Envelope ID: F5EA0CA1-6BB7-8D26-80FD-409B14C43C27 Ireens Food For Thought
Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 10
Docusign Envelope ID: F5EA0CA1-6BB7-8D26-80FD-409B14C43C27 Ireens Food For Thought
Notes to the Accounts
2 Statement of Financial Activities - prior year
| 2 Statement of Financial Activities - prior year |
|||
|---|---|---|---|
| Income and endowments from: Donations and legacies Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Donations 4 Other income Grants Received |
Unrestricted £ 17,910 17,910 Unrestricted £ 9,750 9,750 |
Unrestricted funds 2025 £ 29,545 29,545 20,665 6,279 26,944 2,601 2,601 2,601 561 3,162 Total 2026 £ 17,910 17,910 Total 2026 £ 9,750 9,750 |
Total funds 2025 £ 29,545 |
| 29,545 20,665 6,279 |
|||
| 26,944 | |||
| 2,601 | |||
| 2,601 | |||
| 2,601 561 |
|||
| 3,162 | |||
| Total 2025 £ 29,545 |
|||
| 29,545 | |||
| Total 2025 £ - |
|||
| - |
Page 11
Docusign Envelope ID: F5EA0CA1-6BB7-8D26-80FD-409B14C43C27
Ireens Food For Thought
Notes to the Accounts
5 Expenditure on charitable activities
| Expenditure on charitable activities Governance costs 6 Other expenditure Motor and travel costs General administrative costs Legal and professional costs 7 Staff costs No employee received emoluments in excess 8 Movement in funds At 1 August 2025 Restricted funds: Unrestricted funds: General funds 3,162 Total funds 3,162 9 Analysis of net assets between funds Net current assets |
of £60,000. Incoming resources (including other gains/losses) £ 27,660 27,660 |
Unrestricted £ 10,301 - 3,600 6,600 20,501 Unrestricted £ - 879 6,324 7,203 Resources expended £ (27,704) (27,704) |
Total 2026 £ 10,301 - 3,600 6,600 20,501 Total 2026 £ - 879 6,324 7,203 Gross transfers £ - - Unrestricted funds £ 3,118 3,118 |
Total 2025 £ 12,175 8,490 - - |
|---|---|---|---|---|
| 20,665 | ||||
| Total 2025 £ 10 1,189 5,080 |
||||
| 6,279 | ||||
| At 31 July 2026 £ 3,118 |
||||
| 3,118 | ||||
| Total £ 3,118 |
||||
| 3,118 |
Page 12
Docusign Envelope ID: F5EA0CA1-6BB7-8D26-80FD-409B14C43C27 Ireens Food For Thought
Notes to the Accounts
10 Reconciliation of net debt
| Cash and cash equivalents Net debt |
At 1 August 2025 £ |
Cash flows £ |
At 31 July 2026 £ |
|---|---|---|---|
| 3,162 | (44) | 3,118 | |
| 3,162 3,162 |
(44) (44) |
3,118 | |
| 3,118 |
Page 13
Docusign Envelope ID: F5EA0CA1-6BB7-8D26-80FD-409B14C43C27 Ireens Food For Thought
Detailed Statement of Financial Activities
for the year ended 31 July 2026
| Income and endowments from: Donations and legacies Donations Other Grants Received Total income and endowments Expenditure on: Charitable activities Total of expenditure on charitable activities Vehicles - Fuel General administrative costs, including depreciation and amortisation Bank charges Software, IT support and related costs Legal and professional costs Accountancy and bookkeeping Consultancy fees Solicitor's fees Total of expenditure of other costs Total expenditure Net gains on investments Net (expenditure)/income Net (expenditure)/income before other gains/(losses) |
Unrestricted funds 2026 £ 17,910 17,910 9,750 9,750 27,660 10,301 - 3,600 6,600 20,501 20,501 - - 282 597 879 - 6,025 299 6,324 7,203 27,704 - (44) (44) |
Total funds 2026 £ 17,910 17,910 9,750 9,750 27,660 10,301 - 3,600 6,600 20,501 20,501 - - 282 597 879 - 6,025 299 6,324 7,203 27,704 - (44) (44) |
Total funds 2025 £ 29,545 |
|---|---|---|---|
| 29,545 | |||
| - | |||
| - | |||
| 29,545 12,175 8,490 - - |
|||
| 20,665 | |||
| 20,665 10 |
|||
| 10 | |||
| 400 789 |
|||
| 1,189 | |||
| 280 4,800 - |
|||
| 5,080 | |||
| 6,279 | |||
| 26,944 - |
|||
| 2,601 | |||
| 2,601 |
Page 14
| Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward Ireens Food For Thought Detailed Statement of Financial Activities Docusign Envelope ID: F5EA0CA1-6BB7-8D26-80FD-409B14C43C27 |
- (44) 3,162 3,118 |
- (44) 3,162 3,118 |
- |
|---|---|---|---|
| 2,601 | |||
| 561 | |||
| 3,162 |
Page 15