FIRST LOVE FOUNDATION LIMITED

Charity number: 1137819
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

First Love Foundation is a Christian charity working for a world where people are able to live sustainable and independent lives. We do this through the design and delivery of projects, with advocacy - holistic and person-centered in design that not only tackles poverty and its underlying causes - but seeks to restore income, dignity, thus reducing dependence on long term charitable food support.

Income and expenditure

Data for financial year ending 31 March 2023

Total income:
£876,288

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Donations and legacies £870.18k
Charitable activities £0
Other trading activities £0
Investments £912
Other £5.20k

Total expenditure:
£749,096

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Raising funds £0
Charitable activities £595.36k
Other £153.74k

£0 investments gains (losses)

Total income includes £15,000 from 1 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Income generation and governance £153.74k
Charitable expenditure £595.36k
Retained for future use £127.19k

People

10 Employee(s)

6 Trustee(s)

10 Volunteer(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
  • The Prevention Or Relief Of Poverty
  • Religious Activities
  • Economic/community Development/employment
  • Human Rights/religious Or Racial Harmony/equality Or Diversity
  • Other Charitable Purposes
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Individuals
  • Provides Human Resources
  • Provides Services
  • Provides Advocacy/advice/information
  • Acts As An Umbrella Or Resource Body
  • Other Charitable Activities
Where the charity operates:
  • Tower Hamlets

Governance

Registration history:
  • 06 September 2010: Standard registration
Organisation type:
Charitable company
Other names:
  • TOWER HAMLETS FOODBANK (Working name)
Company number:
07193272 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

6 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Katherine Hedderly Trustee 01 October 2021
THE CITY CHAPTER AND PERCY TRENTHAM CHARITY
Received: On time
TOC H AND ALL HALLOWS TRUST
Received: On time
Peter Donn Thompson Trustee 01 October 2021
None on record
Rasheed Amunikoro Trustee 03 April 2018
None on record
Samuel Okafor Trustee 01 April 2016
None on record
RACHEL REDFEARN Trustee 14 March 2012
THE ASHROY TRUST
Received: On time
AEROLD BENTLEY Trustee
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2019 31/03/2020 31/03/2021 31/03/2022 31/03/2023
Total gross income £412.11k £604.09k £977.27k £566.99k £876.29k
Total expenditure £391.06k £566.00k £647.62k £695.64k £749.10k
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A £89.16k £71.62k £15.00k
Income - Donations and legacies N/A £387.86k £730.45k £482.32k £870.18k
Income - Other trading activities N/A £0 £0 £0 £0
Income - Charitable activities N/A £216.20k £246.32k £84.62k £0
Income - Endowments N/A £0 £0 £0 £0
Income - Investment N/A £31 £86 £46 £912
Income - Other N/A £0 £414 £0 £5.20k
Income - Legacies N/A £0 £0 £0 £0
Expenditure - Charitable activities N/A £566.00k £551.69k £583.48k £595.36k
Expenditure - Raising funds N/A £0 £95.93k £111.96k £0
Expenditure - Governance N/A £0 £1.75k £6.71k £6.33k
Expenditure - Grants institution N/A £0 £549.94k £0 £0
Expenditure - Investment management N/A £0 £0 £0 £0
Expenditure - Other N/A £0 £0 £201 £153.74k

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2019 31/03/2020 31/03/2021 31/03/2022 31/03/2023
Own use assets N/A £19.81k £23.10k £0 £247.65k
Long-term investments N/A £0 £0 £10.90k £0
Other assets N/A £83.24k £395.77k £292.34k £168.74k
Defined benefit pension scheme asset or liability N/A £0 £0 £0 £0
Total liabilities N/A £33.12k £19.29k £32.30k £18.26k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2023 31 January 2024 On time
Accounts and TAR 31 March 2023 31 January 2024 On time Download Open in new window
Annual return 31 March 2022 21 December 2022 On time
Accounts and TAR 31 March 2022 21 December 2022 On time Download Open in new window
Annual return 31 March 2021 12 November 2021 On time
Accounts and TAR 31 March 2021 12 November 2021 On time Download Open in new window
Annual return 31 March 2020 28 November 2020 On time
Accounts and TAR 31 March 2020 28 November 2020 On time Download Open in new window
Annual return 31 March 2019 29 January 2020 On time
Accounts and TAR 31 March 2019 29 January 2020 On time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 17 MARCH 2010

Charitable objects

1. TO RELIEVE POVERTY; 2. TO PROMOTE SOCIAL INCLUSION FOR THE PUBLIC BENEFIT BY SUPPORTING PEOPLE IN MATTERS RELATING TO THEIR AGE, GENDER, RACE, DISABILITY, POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES; WHERE THEY ARE EXCLUDED FROM SOCIETY AS A RESULT OF BEING A MEMBER OF A SOCIALLY AND ECONOMICALLY DEPRIVED COMMUNITY; 3. TO ADVANCE EDUCATION, TRAINING AND RETRAINING AMONG UNEMPLOYED PEOPLE; 4. TO DEVELOP THE CAPACITY AND SKILLS OF THE MEMBERS OF THE COMMUNITY IN SUCH A WAY THAT THEY ARE BETTER ABLE TO IDENTIFY, AND HELP MEET, THEIR NEEDS AND PARTICIPATE MORE FULLY IN SOCIETY.

Area of benefit

The area the charity can operate in, as set out in its governing document.

UNDEFINED. IN PRACTICE, NATIONAL

Contact information

Address:
Unit 901
Import Building
2 Clove Crescent
LONDON
E14 2BE
Phone:
020 3069 9877
Email:
info@firstlovefoundation.org.uk
Website:

www.firstlovefoundation.org.uk Open in new window