| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| FOR |
| THE LUNCHBOWL NETWORK LIMITED |
| (LIMITED BY GUARANTEE) |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| FOR |
| THE LUNCHBOWL NETWORK LIMITED |
| (LIMITED BY GUARANTEE) |
| THE LUNCHBOWL NETWORK LIMITED |
| (LIMITED BY GUARANTEE) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| Page |
| Report of the Trustees | 1 | to | 7 |
| Independent Examiner's Report | 8 | to | 9 |
| Statement of Financial Activities | 10 |
| Statement of Financial Position | 11 | to | 12 |
| Notes to the Financial Statements | 13 | to | 17 |
| THE LUNCHBOWL NETWORK LIMITED (REGISTERED NUMBER: 05708351) |
| (LIMITED BY GUARANTEE) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of 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). |
| OBJECTIVES AND ACTIVITIES |
| This year the charity raised £152,827; the previous year £185,181 was raised. Therefore, there has been a decrease of £32,354 from the previous year. |
| The charity continues to be extremely grateful for the generosity and kindness of many individual donors, churches, schools and Trusts. The consistent and dedicated giving from our donors is a lifeline of daily provision and hope. On behalf of the children and their families we sincerely thank every person who has given to these children who are in severe need. |
| The aim of The Lunchbowl Network is always to seek and identify those in severe need, who live within Kibera and Kwarangare, two of the informal settlements of Nairobi. Kibera is the largest of informal settlements in sub-Saharan Africa with an estimated population of 1-1.5m people living in a densely populated and harsh environment. |
| The charity responds to these profound disadvantages by providing a series of actions; daily wholesome nutrition combined with a stimulating education to a high standard in a safe learning environment. Within the schools we aim to meet the children's emotional, social and spiritual needs and for the Kenyan syllabus to be delivered in an interesting and creative manner. |
| Our aim is to counteract their disadvantaged start in life and give them an opportunity to compete for secondary school places by developing literate and numerate children who will eventually be able to offer secondary school places for possible university places or vocational training. We believe schools to be a foundational platform for providing a pathway out of extreme poverty. |
| Our children are aged between 2 - 11 years. All have experienced either the death of one or both parents or serious illness of a parents, or children with Special Educational Needs. Prior to being admitted into one of our schools, most children would be surviving on one small bowl of porridge or less per day. |
| Educational Impact: |
| We provide a creative, quality education daily to 488 highly vulnerable children. We aim to meet the children's educational, physical, emotional, social and spiritual needs. |
| The provision includes two Early Years Kindergartens, one is situated adjacent (100m) to Kibera. The other Kindergarten, Primary school, Special Educational Needs facility (which includes a unit for the deaf) is a purpose-built school a short bus ride from Kibera. The children are transported daily to Karen from Kibera. |
| New children are admitted in January at the start of the academic year and are provided with 2 sets of uniform, school shoes and underwear. Children arrive at 7.30 a.m. for porridge, at 10.30 a.m. they have a fruit snack and at midday they have a hot lunch such as lentils and chapati, beans and rice or spinach and ugali. |
| A homework hub, run by the teachers and in partnership with The King's Rugby Development Academy operates every evening and every Saturday morning. This provides a safe space conducive to learning. This has helped to improve the grades of children who would otherwise be unable to do homework at home in dark and difficult conditions. |
| THE LUNCHBOWL NETWORK LIMITED (REGISTERED NUMBER: 05708351) |
| (LIMITED BY GUARANTEE) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| All Primary children must sit Ministry of Education tests every half term to track their progress. There has been a noticeable improvement in scores across all ages. In addition, children are tracked according to their behaviour to maintain a high code of conduct in school and any absenteeism is followed up. |
| Children who score the highest in Grade 6 National exams are given the opportunity to attend a reputable Junior Secondary School called St Hannah's. The children that joined St Hannah's this year have been exemplary in academic standard and attitude. Some have been chosen for the football team which has given them much pride and one was selected as the captain. |
| The charity employs 46 Kenyans; a 19-teaching team, 14 Learning Support Assistants and 11 support staff, 1 accountant and 1 physiotherapist. These include specialist teachers for Sports, Art, English, Maths, Science, Kiswahili, Social Studies, Special Educational Needs and Hearing Impairment. |
| Most of the support staff are mothers selected from the Kibera community, and the majority receive a school place for their child. The work gives them dignity, security and greater control of their lives. The work gives these mothers the opportunity to work alongside other mothers facing similar challenges, particularly those who have children with SEN, helping to counteract their social isolation and their children's isolation. |
| At Christmas the children enjoyed a Christmas party including acrobats and fire flame eaters and every kindergarten child received a soft toy and croc shoes for the youngest children. |
| Every Thursday Artists for Africa, an American funded charity, spent the afternoon with each class in the Primary school. The children experienced ballet, African contemporary dance, drama and music. They competed against other local schools and won first prize for an African contemporary dance. |
| Integrated provision for children challenged with Special Educational Needs SEN |
| The quality of education and integrated learning for the children with hearing impairment and Special Educational Needs is unique within Kenya in terms of quality provided and inclusion. All the children from Kibera with SEN have been isolated with no educational or social provision. Some of the mothers were struggling to carry their children to school and so a small van was hired to bring the children. |
| This year there were 18 children in the Zawadi Special Needs Class. Every week the children from the SEN class integrate with the youngest children in the kindergarten. They also enjoy swimming at a local pool accompanied by their mothers, teaching team and a physiotherapist. In addition, a small group of children attend Riding for the Disabled every week to enhance their core strength and mobility. |
| Every day the children have access to 1:1 physiotherapy. |
| Integrated provision for Hearing Impaired Children |
| This year, the unit for hearing impaired increased to 16 children. Most of the children have been issued with post aural hearing aids and been tested to assess the degree and type of hearing loss. The cost of the hearing aids was covered by individual donors. None of the children had received a formal assessment prior to joining the unit. Every month the children attend an audiology clinic to maintain the function of their hearing aids. |
| The children from the unit are integrated with hearing peers for dance, PE and art. |
| Every week a small group of the children from the unit also visit a local international school to join in with their afternoon curriculum. Both teachers in the unit are qualified to teach using Kenyan Sign Language. |
| THE LUNCHBOWL NETWORK LIMITED (REGISTERED NUMBER: 05708351) |
| (LIMITED BY GUARANTEE) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| Every Saturday a Sign Language Support Group for parents of the deaf and children meets in a church in Kibera. The purpose is to learn Kenyan Sign Language so that families can communicate together. In addition, the group provides social support for mothers struggling to raise a deaf child. Parents and Learning Support Assistants attend. |
| The children visited the "Opportunity Factory" and met some adult deaf workers who are employed as artisans. The children enjoyed a pottery workshop and were very proud of their clay pots! |
| In total, 488 children have been provided with a good quality education for children aged between two and fourteen years between. This is as follows: |
| o 193 Kindergarten children |
| o 261 Primary children |
| o 16 Hearing Impaired - Profoundly Deaf children |
| o 18 Children with SEN |
| Nutritional impact: |
| The Saturday Dinner Programme |
| This remains an essential provision for very vulnerable children. Since 2006, a Saturday Dinner programme has operated with our local team feeding up to 450 under 10-year-olds. This fills an essential need to tackle hunger and malnutrition in the very young. |
| According to the Kenya National Bureau of Statistics, Kenya Demographic and Health Survey 2022 "Many children under 5 years old are stunted or too short for their age. This is a sign of chronic undernutrition. Many children under age 5 are wasted (too thin for their height), which is a sign of acute undernutrition. Many children are also underweight, or too thin for their age." |
| Hot meals provided per year 229,572 |
| Hot meals provided per month 19,131 |
| Hot meals provided per week 4,414 |
| Hot meals provided per day 882 |
| Extreme Need Provision: |
| Food packs: This year 35 families connected to the Lunchbowl Schools received crisis home food packs every month. These families were in acute need. Every food pack lasted for two weeks and provided one meal each day for each family member. These families had up to 8 members. |
| A food pack consists of maize flour, rice, sugar and oil. The families benefitting from the food packs were all connected to the Angel Kindergartens and the Good Samaritan Primary School. They were selected due to severity of need. |
| Emergency rents: |
| On average emergency rents were provided to 25 families per month. |
| THE LUNCHBOWL NETWORK LIMITED (REGISTERED NUMBER: 05708351) |
| (LIMITED BY GUARANTEE) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| OBJECTIVES AND ACTIVITIES |
| The Lunchbowl Network Ltd and The Lunchbowl Network Kenya Ltd |
| The Lunchbowl Network Ltd UK partners with The Lunchbowl Network Kenya Ltd. This is a Kenyan registered charitable company. The Lunchbowl Network Kenya is incorporated and a registered Trust. |
| The financial donations have been achieved from the following: |
| UK VOLUNTEER TEAM |
| Based in the UK, the team give their time and energy to raise the profile and funds for The Lunchbowl Network. |
| UK SCHOOLS |
| World Wellbeing Week June 2024 - The Year of the Loving Lion. |
| In June 2024, many schools joined again for the Lunchbowl campaign during World Wellbeing Week called "The Year of the Loving Lion". This promotes to UK children how giving is an essential part of their own wellbeing. UK school children had the opportunity to buy a soapstone rhino made in Kenya for £2.00. |
| In total, 9 schools have supported the charity this year. The donations ranged between £14 and £334. |
| A very special thank you to the following schools |
| All Saints C of E playgroup |
| All Saints C of E Crystal Palace |
| Dundonald Primary Merton |
| Hatfield School |
| Highfield Primary School |
| Holy Trinity School Merton |
| Joseph Hood School |
| Morden Primary School |
| St Boneface C of E Tooting |
| Total donations: This year £3,243 was raised through schools. Last year £10,629 was raised through schools. |
| CHURCHES |
| We are delighted to be Mission Partners with the following churches who have remained highly supportive: |
| Christchurch New Malden, PCC All Saints Hampreston, PCC St Leonards Church of England, Amersham and St Pauls Church of England, Kingston Hill. |
| Thank you to every church for your kind support. |
| Total donations: £5,425. |
| TRUSTS |
| Brothers Trust £10,000 |
| Bryan Guiness Trust: £3,000 |
| Carmela & R Pignatelli Foundation £2,500 |
| Eleanor Rathbone Charitable Trust £2,000 |
| Mirianog Trust: £1,000 |
| Souter Charitable Trust: £5,000 |
| THE LUNCHBOWL NETWORK LIMITED (REGISTERED NUMBER: 05708351) |
| (LIMITED BY GUARANTEE) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| Sterry Family Foundation: £ 5,000 |
| The Collier Trust: £2,000 |
| The Tula Trust: £2,000 |
| Total donations: £32,500. |
| We are deeply grateful to Mandy Cormack for her dedicated time and energy applying to Trusts and Foundations on behalf of The Lunchbowl Network. |
| LARGE DONATIONS |
| 15 private donations ranging between £500 to £10,000 were received. Total: £18,981. We are very grateful for every donation and respect the discreet manner in which these have been given. |
| CHILD SPONSORSHIP |
| 121 children were sponsored in the two Lunchbowl schools by 82 sponsors. A total income of £37,234 was given. £1,240 of the income was given to buy Christmas presents. |
| MONTHLY DONORS |
| 10 donors have given specifically for the provision of food. Total: £2,130. |
| 6 donors have given specifically for for Angel Kindergarten and ACK Good Samaritan. Total: £3,734. |
| 11 donors have given to General funds. Total: £3,053 |
| PAYPAL DONORS |
| 9 donors gave to General funds. Total: £2,486. |
| 2 donors gave to the Saturday Food Programme. Total: £463 |
| 7 overseas donors gave to Child sponsorship. Total: £2,997 |
| We are so grateful to all our monthly donors and child sponsors whether you are individuals, schools or churches. Your commitment to these vulnerable children is a vital part of our provision and very much appreciated. |
| A Very Special Thanks: |
| Our Volunteer Network: |
| The dedicated core of the Lunchbowl team consists of Anna Kate Fuller, Jess Shadrach, Carolyn Green, Fran Turko, Heidi Gomes, Heike Paulson, Helen Masters, Jean Shipton, Jenny Stuart, Mandy Cormack, Hannah McGreevy, Jess Bridgland, Jenny Street, Pauline Collins, Selina Overy, Sue Stears and Wendy Clow. |
| The compassionate support and dedication of the whole Lunchbowl Team is highly valued.Together, the team in Kenya and the UK are helping to bring hope and change to a desperate situation. The whole team is greatly appreciated. |
| All of your wholehearted generosity of heart, time, energy and resources is deeply appreciated. |
| Sue Stears: |
| The charity would like to express much gratitude to Sue Stears for her commitment, time and energy and not least her administrative and book keeping skills. Sue Stears tirelessly and thoughtfully administrates all of the sponsorship programme for the kindergarten, primary and secondary school pupils. Her detailed financial expertise is highly valued and appreciated. |
| Finally, thank you to: |
| THE LUNCHBOWL NETWORK LIMITED (REGISTERED NUMBER: 05708351) |
| (LIMITED BY GUARANTEE) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| The Big Yellow Storage Company: We are always very grateful to The Big Yellow Storage Company for making it possible to store much of our event equipment and school resources for Kenya, including school shoes. Thank you very much, your support makes a big difference. |
| British Airways: For always giving generous baggage allowances to transport donations and educational equipment. |
| Lunchbowl Financial Management |
| There are effective and appropriate financial and accounting systems in place. There is a segregation of responsibility such that all monies collected are counted by two designated individuals from the Lunchbowl Team. |
| All donations are deposited into the bank by named regional team members. All gift aid forms are maintained by Mandy Cormack. All documentation is kept in compliance with data protection regulations. Monthly book keeping, receipts, bank statements and reconciliations of all monies debited and credited to the bank account are maintained on a monthly basis by Sue Stears. Monthly book keeping is also processed and checked by our accountants. |
| Present and future use of resource and team |
| The Lunchbowl Network UK operates completely on a voluntary basis and consequently over 96.4 pence of every £1 raised reaches and impacts the orphaned and vulnerable children. |
| Reserves policy |
| We currently have a no reserves policy. We focus on deploying funds as received for the uplifting of the poorest children. |
| No trustee or volunteer receives any financial remuneration or benefit from the charity. All visitors to Lunchbowl Network Kenya are self-funded. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
| Risk management |
| The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.The charity has continued its fund raising activities this year. This has a direct impact on the lives of the very young and vulnerable children for whom we care. These are the extreme poor and often surviving on one meal or less a day living in the Kibera. The urgent needs are their physical wellbeing in terms of their essential nutrition, emotional, social, spiritual and academic development. |
| THE LUNCHBOWL NETWORK LIMITED (REGISTERED NUMBER: 05708351) |
| (LIMITED BY GUARANTEE) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| 05708351 (England and Wales) |
| Registered Charity number |
| 1114981 |
| Registered office |
| 1 Glebe Way, Amersham, Buckinghamshire |
| England, HP6 5ND |
| Trustees |
| Mr S D McGreevy |
| Mrs S McGreevy |
| Mrs W Clow |
| Miss H F McGreevy |
| Mrs J J Bridgland |
| Directors |
| Mr. S D McGreevy (Chairman) |
| Mrs. S McGreevy |
| Mrs. W Clow |
| Ms H F McGreevy |
| Mrs J J Bridgland |
| Accountant |
| Acuity Professional Partnership LLP |
| Unit 2.02 High Weald House, |
| Glovers End, Bexhill, East Sussex, |
| United Kingdom, TN39 5ES |
| Approved by order of the board of trustees on |
| INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
| THE LUNCHBOWL NETWORK LIMITED (REGISTERED NUMBER: 05708351) |
| I report on the financial statements for the year ended 31 August 2024 set out on pages 10 - 18. |
| This report is made solely to the Directors of The Lunchbowl Network Ltd, as a body, in accordance with regulations made under section 145 of the Charities Act 2011 and Charity SORP (frsse). |
| My work has been undertaken so that I might state to the Directors matters I am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and charity's directors for my independent examination work, for this report, or for the statement I have given below. |
| Respective responsibilities of Directors and Independent Examiner |
| As Charity diectors for the purposes of charity law, are responsible for the preparation of the financial statements. The Directors consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. |
| Having satisfied myself that the Charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to: |
| a) examine the accounts under section 145 of the 2011 Act; |
| b) follow the procedures laid down in the general Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act; and |
| c) state whether particular matters have come to my attention. |
| Basis of Independent Examiner's statement |
| My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity, and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Directors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. |
| Independent Examiner's statement |
| In connection with my examination, no matter has come to my attention: |
| 1) which gives me reasonable cause to believe that in any material respect the requirements |
| a) to keep accounting records in accordance with Section 130 of the Charities Act; and |
| b) to prepare accounts which accord with the accounting records, comply with the accounting requirements of the Charities Act have not been met; or |
| 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. |
| INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
| THE LUNCHBOWL NETWORK LIMITED (REGISTERED NUMBER: 05708351) |
| Charles Osei, BSc (Hons), MSc, ACIE, AFA, ATA, MCIPP |
| Charles & Associates Ltd |
| Unit 1 |
| Balfour Business Centre |
| 390-392 High Road |
| Ilford |
| London |
| IG1 1BF |
| 28 May 2025 |
| THE LUNCHBOWL NETWORK LIMITED |
| (LIMITED BY GUARANTEE) |
| STATEMENT OF FINANCIAL ACTIVITIES |
| (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 2024 | 2023 |
| Unrestricted | Restricted | Total | Total |
| fund | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| EXPENDITURE ON |
| Raising funds |
| Raising donations and legacies | 5,541 | - | 5,541 | 2,419 |
| Charitable activities |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 18,182 |
| CONTINUING OPERATIONS |
| All income and expenditure has arisen from continuing activities. |
| THE LUNCHBOWL NETWORK LIMITED (REGISTERED NUMBER: 05708351) |
| (LIMITED BY GUARANTEE) |
| STATEMENT OF FINANCIAL POSITION |
| 31 AUGUST 2024 |
| 2024 | 2023 |
| Unrestricted | Restricted | Total | Total |
| fund | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Prepayments and accrued income |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 7 |
| Unrestricted funds | 18,182 |
| TOTAL FUNDS | 18,182 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
| THE LUNCHBOWL NETWORK LIMITED (REGISTERED NUMBER: 05708351) |
| (LIMITED BY GUARANTEE) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 AUGUST 2024 |
| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees and authorised for issue on |
| THE LUNCHBOWL NETWORK LIMITED |
| (LIMITED BY GUARANTEE) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 1. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| The accounts are prepared in sterling which is the functional currency of the company, rounded to nearest pound. |
| GOING CONCERN |
| The trustees believe that there are no material uncertainties related to events or conditions that may cast significant doubt upon the charity's ability to continue as a going concern. |
| COMPANY STATUS |
| The company is limited by guarantee. The members are listed in the trustees report. In the event of the company being wound up, every member is liable to contribute a sum not exceeding £10. The address of the registered office of the charity is given on page 8. |
| INCOME |
| All incoming resources are included in the Statement of the Financial Activities when The Lunchbowl Network Limited legally entitled to the income and the amount can be quantified with reasonable accuracy. |
| Gifts in kind donated for the distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. No amounts are included in the financial statements for services donated by volunteers. |
| Intangible income, which comprises donated services, is included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantified and measurable. No income is recognised where there is no financial cost borne by a third party. |
| Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. |
| Income tax recoverable in relation to investment income is recognised at the time investment income is receivable. |
| EXPENDITURE |
| All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities, where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources. |
| Costs of the activities in furtherance of the charity's objects are those costs incurred directly for the furtherance of the objects of The Lunchbowl Network Limited. |
| Support costs are those costs incurred directly in support of expenditure on the objects of the and include The Lunchbowl Network Limited project management carried out at the head office. |
| THE LUNCHBOWL NETWORK LIMITED |
| (LIMITED BY GUARANTEE) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 1. | ACCOUNTING POLICIES - continued |
| TANGIBLE FIXED ASSETS |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Computer equipment | - |
| TAXATION |
| The charity is exempt from corporation tax on its charitable activities. |
| FUND ACCOUNTING |
| General funds are unrestricted funds which are available for the use at the discretion of the trustees in furtherance of the general objectives of The Lunchbowl Network Limited and which have not been designated for the other purposes. |
| FINANCIAL INSTRUMENTS |
| The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
| Financial instruments are recognized in the charity balance sheet when the charity becomes party to the contractual provisions of the instrument. |
| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| Basic financial assets |
| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. |
| Classification of financial liabilities |
| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. |
| Basic financial liabilities |
| Basic financial liabilities, including creditors, bank loans and loans from fellow group companies that are classified as debt, are initially recognized at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
| THE LUNCHBOWL NETWORK LIMITED |
| (LIMITED BY GUARANTEE) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 2. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 2024 | 2023 |
| £ | £ |
| Depreciation - owned assets |
| 3. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. |
| TRUSTEES' EXPENSES |
| There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. |
| 4. | STAFF COSTS |
| The average number of persons employed by the company during the year was as follows: |
| 2024 | 2023 |
| No. | No. |
| Non-remunerated Trustees | 5 | 5 |
| No employee received remuneration amounting to more than £60,000 in either year. |
| 5. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| Cost |
| At 1 September 2023 and 31 August 2024 |
| Depreciation |
| At 1 September 2023 |
| Charge for year |
| At 31 August 2024 |
| Net book value |
| At 31 August 2024 |
| At 31 August 2023 |
| THE LUNCHBOWL NETWORK LIMITED |
| (LIMITED BY GUARANTEE) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Accrued expenses |
| 7. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.9.23 | in funds | 31.8.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 18,182 | (1,714 | ) | 16,468 |
| TOTAL FUNDS | (1,714 | ) | 16,468 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 149,641 | (151,355 | ) | (1,714 | ) |
| Restricted funds |
| Dinner programme/Extreme need | 3,186 | (3,186 | ) | - |
| TOTAL FUNDS | ( |
) | (1,714 | ) |
| Comparatives for movement in funds |
| Net |
| movement | At |
| At 1.9.22 | in funds | 31.8.23 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 27,370 | (9,188 | ) | 18,182 |
| TOTAL FUNDS | 27,370 | (9,188 | ) | 18,182 |
| THE LUNCHBOWL NETWORK LIMITED |
| (LIMITED BY GUARANTEE) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| 7. | MOVEMENT IN FUNDS - continued |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 180,816 | (190,004 | ) | (9,188 | ) |
| Restricted funds |
| Dinner programme/Extreme need | 4,365 | (4,365 | ) | - |
| TOTAL FUNDS | 185,181 | (194,369 | ) | (9,188 | ) |
| 8. | RELATED PARTY DISCLOSURES |
| Lunchbowl Trust Kenya is a related party to The Lunchbowl Network Limited. During the year,The Lunchbowl Network Limited had donated £149,000 (2023 : £182,950) to Lunchbowl Trust Kenya. |