THE FOOD CHAIN (UK) LIMITED DIRECTOR'S AND TRUSTEES, REPORT AND ACCOUNTS ST FOR THE YEAR ENDED 31 MARCH 2024 Company No: 02580505 Charity No: 1003014
THE FOOD CHAIN (UK) LIMITED REPORT AND ACCOUNTS CONTENTS Page Dlrectors, and Trustees, Report Independgnt Examlnerf8 Report Con8olldated Statement of Flnanclal Actlvltles 10 Con8olldated Balance Sheet 11 Consolldated Cash Flow Statement 12 Note8 to the Accounts 13-23
THE FOOD CHAIN (UK) LIMITED DIRECTOR'S AND TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024 The trustees are pleased to present their annual directors, report together with the financial statements of the charity for the year ended 31st March 2024, which are also prepared to meet the requirements for a directors, report and Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006. the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statements of Recommended Practice applicable to charities preparlng thelr accounts In accordance with the Flnanclal Reportlng Standard applicable In the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OUR PURPOSE AND ACTIVITIES The charity was founded to provide a nutrlllonal meal service to people Ilvlng wlth HIV, their dependents and carers. The company's objects as amended in Articles on 16 October 2013 are: Yhe r8li8f of slckness by providing nutrillonal support seNlce to those Ilvlng wllh Infectlon. Illness 8nd related conditions caused by Ihe Human Immunodefici8ncy Virus (HIV) or other causative agants, and to the housebound with specific dietary ne6ds arising from a medical conditlon,, and To provlde 8 nutn'tion81 support seTrice for their dep8nd8nls and for p8rtners, carers or f8mlly members who are directly engaged in caring for the person living with infection, illness and r818ted conditions caused by the Hum8n Immunodeficiency Vinjs (HIV) or other c8usatlve agenls or housebound by other mgdical condition and who 8re in conditions of need or h8rdship.' The subsldlary undertaklng. Food Chaln Kltchen Llmlted has entered Into a Deed of Covenant with the company under whlch its taxable Income each year Is covenanted to the Charlty. As a result the tradlng subsldlary wlll be maklng Gift Aid payment of £nil (2023- £nll). The nutritional support services provided are deslgned to help people living wlth HIV In London to get well, slay well and Ilve Independently. Servlces are free, are not subject to financlal means188tlng and are provlded to ellglble people who are identified as being in nutritional need. Our package of support, uniquely tailored for each individual, can include one or more of the followlng servlces; home- dellvered meals. a grocery delivery service for a defined perlod of lime,. Eating Posltively, nutrition and cookery classes to meet the needs of people living with HIV,. and Eating Together, a communal eating servica for i4olated Indlvlduals. Every service user also has access to a fully qualified dletitlan for nutritional advice. Informatlon and recipes collected by Th8 Food Chaln over the years have been developed Into fact sheets, and are made available to a wider audience through The Food Chain website, www.f dchain.or .uk which offers nutritlonal advlce deslgned for people Ilvlng with HIV
THE FOOD CHAIN {UK) LIMITED DIRECTOR'S AND TRUSTEES. REPORT FOR THE YEAR ENDED 31ST MARCH 2024 Achlevement and actlvitles summary We continued to m98t the nutrition and support needs of PLWHIV many of whom have complex lives and very challenging clrcumstances Servlc•1ovel and demographlcs Naw referrals 406 Indlvlduals plus thelr 236 famlly members = 658 Indlvlduals Ethnlclty Black Afrlcan 50Q/o White British 12Q/o White European 60/0 Gender Female 510/0 Trans Hlstory 3° Not Stated 30 Sexuallty Helerosexual - 470/ Gay Man = 240/• Prefer not to say= 60 Averago household Incomo Approxlmalely £1501 week Age Youngest: O{Supportlng Bables wlth formula Mllk) Oldesl:77 Aged 30 or under 160/0 Aged 50 or older 45. Accommodatlon Status SlablelPermanent Housing = 45010 Unstablerremporary Housing = 270 Unknown =280 Othar Dgmographlcs RefugeelAsylum Seeker 149 Llvlng Alone 690/0 HIV Health CD4<500 40Q/o Detectable Viral Load 15Vo
THE FOOD CHAIN (UK) LIMITED DIRECTOR'S AND TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024 Number of grocery dellverfes and meal equlvalents 875 grocery deliveries - 49.000 meal equivalents 3 people received 28 ready made hot meals Numberof Communal Meals 2,000 Hot meals served to 172 people 376 onward referrals made Fomiula mllk 65 infants up to the age of 1 supplled with 12 months of formula mllk Number of volunteor hour8 4,847 volunteer hours donated by 121 volunteers x £13.15 London Llving Wage = £63,738.05. equlvalent of approximately 2 full tlme posts Overvlew of 2023-2024 Following the Implementation of our significant flnanclal savings plan In the prevlous financlal year, we were successful In sustalnlng a good level of servlce for the most vulnerable people Ilvlng with HIV and thelr dependents. Our small staff team was reduced In number by 2 full tlme equivalent posts, and In thls contlnulng lime of economic pressures in the charity sector and beyond, the staff team and our committed volunteers hav6 demonstrated an exceptional level of dedlcatlon and hard work. One of our key slr8ngths in this period has been our partnership worklng with varlous charities such as Posltlve East, Tarrence Higgins Trust, CHIVA, Birmlngham City Council and others. In order to achleve sustalnablllty and provlde servlces to those who need us In the future, the cap on grocerles remains meaning that we know there is unmet need out there. Despite Ihe cap on groceries. Eatlng Together thrives as it continu85 to bulld community and connectlon amongst those who are experiencing barriers to good physlcal and mental wellbelng. We are proud to have survived through this very difficult faw years and are Gontinually looklng at ways to Strengthen our services whilst remalnlng focussed on our core charltable purpose. Through the Fast Track Cities Inlllatlve 'Getting to Zero. the HIV sector and Public Health England acknowledge that there is a group of people who are not fully engage with primary care seNices and as such are not able to achieve an undetectable viral load. At The Food Chain we answer a baslc human need, and so contlnue to engage with those who may not be able to engage elsewhere. 150/0 of our Service Users live with a delectable viral load. which emphasises The Food Chain's unique position as a support service for those who are not currently able to Ilve well with HIV.
THE FOOD CHAIN (UK) LIMITED DIRECTOR'S AND TRUSTEES, REPORT ST FOR THE YEAR ENDED 31 MARCH 2024 Case studiesltestimonials Comment recelved dlrectly from seNlce users. he Food Chain has changed my lif8.1 feel happi8r now. I did not have food lo eat before this and I was str8ssed and depressed. I now eat more heallhily and I have lost some weight. It has helped me take my medication because I need food to take it and I did not have any food. l use the recipes that you gave me to make healthier food. I have made frlends at Eating Together.. l enjoy the company and I have learnt a lot. The food is really good." .1 really enjoyed the service, and would love If it was somelhlng that could be a year-round seNlce. It provldes a great space for people to enjoy themselves, a reason to get out ofthe house regularly, somewhere to go. I found the talks really helpful, especially th8 nutrition talks, I'v8 kept all the papers from them. and made some of the recipes. Staff and volunteers were always very helpful, really welcomlng. made It a very positive experience. I'm l¢)oking fotward to volunleerlng In the future. .1 really enjoyed coming to ET and meeting new people and being around others. ET was good for lots of types of people - if you didn't want to Interact, you could stlll enjoy the food and be around people, but if you wanted to be more interactlV8 then you had that opportunity. I'm a Chatty parson, and really enjoyed the soclal aspect. The talks wèra very helpful, I found them all Informative. 'I'm eternally grateful that I was able to not worry about feeding my chlld for the flrst year of hls life. It made thlngs so much easier havlng somebody there to support me. He's notjust my little man, he's our little man as you helped me ralse hlm. Me & my partner will be forever grateful. I don't know what I would have done without you. I don't thlnk there are any words to show how grateful l am. .1 just want to say I really appreclale the food chaln and everythlng they do. The first day I got the food dellvered it made a lot of dlfference and I was1888 worried. It made me want to Ilve Ilfe agaln.. Flnanclal Overvlew The Consolidated Statement of Financlal Activities shows a deficlt of total Incomlng resources compared wlth expended resources of £1,868 reduced In relatlon to the 2023 deflclt of £61,363 prlmarlly due lo the Impact ofthe cost containment exercise undertaken in January 2023 and the pause in groceries started in December 2022. Expenses decreased from £585,269 to £435,110 with the maln decrease a result of reductlon In the number of staff and careful ongolng management of our charltable servlces. PrlncSpal fundlng sourc08 The main fundlng sources for the charlty are charltable trust Income and Sndlvidual donors. Investment powers and pollcy Under the Memorandum and Articles of Association, the Charity has the power to Invest In any way tha Trustees wish. The policy of the Trustees is to invest any surplus funds on bank deposit Reserves pollcy The charlty has a reserves pollcy that has a short-term alm to malntaln sufflclent funds to operate at our curnt level over a 3 month period. The medium term aim is to maintain sufficient funds to enable the expansion of the current service and the long-term aim is lo maintain sufficient funds to extend and provide new services. Trustees undertak8 ongoing risk assessment in relation to the level of reseryes. The cosl containment measures taken In December 2022 and from January 2023 ensured that the charity was able to operate efficiently and effectively to m88t its charitable objectives and assist people living with HIV to get well, stay well and live healthy independent lives and over time to work towards ensuring it meets the aims of its reseNe policy.
THE FOOD CHAIN (UK) LIMITED DIRECTOR'S AND TRUSTEES, REPORT ST FOR THE YEAR ENDED 31 MARCH 2024 FUTURE ACTIVITIES The Food Chain is committed to meeting the following aims over the next 5 years.. 1. Sustainably and realistically grow our capacity to meet the needs of our communlty in as impactlul a way as possible 2. Build and dellver our seNices wlth a flmi commitment to soclal Justice and a recognition of broader contexts, particularly for members of marginalised groups, and continually assess the suitability and accessibility of all of our seNlces 3, Implement our nutritional expertise in a way that fights food poverty, supports personal agency and bullds communities 4. Build partnerships and share leamings which effectlvely address thé needs of our community 5. Use our experlences and the lessons we learn from our communlty to amplify the volces of those Ilvlng with HIV who are otherwise unheard 6. Be clear on our processes for seNice delivery whilst remalnlng responsive and dynamlc In how these services are shaped 7. Listen to our communlty and ensure that all of our responses are rooted In compasslon 8. Demonslrale integrity and transparency in how we generate and utilise income 9. Be proud of what we have built and contlnue to build as a community REFERENCE AND ADMINISTRATIVE DETAILS Dlrectorsrrrustees: Christopher Buckley Allan Anderson Jose Carlos Mejla Asserlas Mlchael Barker Laura Waters Company No: 02580505 Charlty No: 1003014 Secretary: Mark Reynolds Senlor Management: Anna Brewsler- Director of Services and Development appointed 111112022 Richard Mills - Dlreclor of Income and Generation appointed 11312022 P Blowers- Kitchen Servlces Manager
THE FOOD CHAIN (UK) LIMITED DIRECTOR'S AND TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024 Reglstered Office: Cally Yard 439 Caledonian Road London England N7 9bg Independent Examlner: Samir Shah ACA, Ramon Lee Ltd, 93 Tabemacle Street, London EC2A 4BA Bankers: The Co-operatlve Bank, P.0. Box 250, Delf House, Skelmersdale WN8 6wr Charities Aid Foundation, Kings Hill. West Malling, Kent ME19 4TA STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The Food Chain (UK) Limited is registered as a company limited by guarantee and not havlng a capltal dlvlded by shares. The company was Incorporated on 6th February 1991 and Is a reglstered charity constituted as a limited company under the Memorandum and Articles of Associatlon. The charity registration number Is 1003014 and the company reglstratlon number Is 2580505. Appolntmant of trustaas As set out In the Artlcles of Assoclatlon the Chalr of the Trustees Is nomlnated by The Food Chaln (UK) Llmll8d. The Executive Committee of Trustees have power to appoint additional Trustees as it conslders fit to do so. The Board of Trustees Is elected al the Annual General Meetlng in accordance wlth the Articles when at18ast one thlrd of th8 Trustees retlre from office. Trustees are eligible for re-election but cannot Serve for more then six consecutive years. Beiween Annual General Meetings. additional Trustees may be co-opted by the Board for a term of up to one year. Trustee Inductlon and tralnlng The Truslees maintaln a good worklng knowledge of charity and company law and best prac115e through thelr professional and business Interests. New Trustees are given copies of the Memorandum and Artlcles ofAssc¢lallon. External Iralnlng Is promoted and funded In the areas of governance, finance and other speclallst areas 8s requlred. Organlsatlon The company Is organlsecl so that the Dlrectors and Trustees meel regularly to manage Its aff8frs. The Executive Committee comprises members from a variety of background5. local knowledge and professlonal quallflcatlon. The dally operallons are the responslblllty of the two Dlrectors who report to the Board of Trustees. Rl8k management The Management Commlttee has conducted a revlew of the major rlsk to whlch the charlty Is exposed. A rlsk reglster has been established and is updated at least annually. Where appropriale, systems or procedures have been establlshed to mitlgate the risks the charity faces. Related partles The charity is independent of any other charities or organisation but works closely wilh other organisallons, HIV support charities, local authorltles and health & soclal care professionals. The charily's wholly owned subsidiary, Food Chain Kitchen Limited, was incorporated on 16 January 1997 with the Intentlon that it mlght one day manage the purchase and development of a bulldlng to further the objectives of the charity. The subsidiary changed its name in November 2012 to Food Chain Kitchen Limited. The Trustegs have no beneficial interest in th8 company other than as members. There are no Trustees who are also a director of Food Chain Kitchen Llmited. Members of the Management Committee Members of the Management Committee, who are directors for the purpose of company law and trustees for the purpose of charity law. who seNed during the year and up to the date of this report are set out on page 4.
THE FOOD CHAIN (UK) LIMITED DIRECTOR'S AND TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees (who are also directors of The Food Chain (UK) Limited for the purposes of company law) are responsible for preparing the Annual Report and the financial statements In accordance with applicable law and regulation. Company law requires the Directors to prepare financial Statements for each financial year. Under that law the Directors have elected to prepare Ihe financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Directors must not approve the financial slatements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of Its income and expenditure for that period. In preparing these financial statements, the Directors are requlred to: select sultable accounting policies and then apply them conslstently., observe the methods and principles in the Charities SORP 2019 (FRS 102); make judgements and eslimales that 8re reasonable and prudent., state whether applicable UK Accounting Standards have been followed. subject to any materlal departures disc105ed and explained in the financlal statements., prepare the financlal statements on the golng concern basls unless it Is Inapproprlate to presume that the charitable company will continua in business. The Dlrectofs are responslble for keeplng adequate accountlng records that are sufflclent to show and explaln the company's transactions and disclose with reasonable accuracy at any tim8 the financlal poslllon of the company and enable them to ensure that the financlal statements comply with the Companles Act 2006. They are also responslble for safeguardlng the assets of the company and hence for taklng reasonable steps for the preventlon and detectlon of fraud and other Irregularitles. The trustees are responsible for the malntenance and Integrlty of the charity and the financial Informallon Included on the charlty's website In accordance wlth leglslatlon In the Unlted Klngdom govemlng the preparatlon and d158emlnatlon of financial statemenls. APPROVAL Thls report was approved by the Board of Trustees and slgned on Its behalf by.. Chrlstopher Buckley (Chair) Date: 2411012024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FOOD CHAIN (UK) LIMITED I report to the charity trLtstees on my examination of the accounts of the charity for the year ended 31 March 2024 whlch are set out on pages 10 to 23. Thls report is made solely to the charity's truslees, as a body, in accordance with the Charities Act 2011. My work has been undertaken so that I mlght state to the charlty's trustees those matters l am required to stste to them in an independent examinerfs report and for no other purpose. To the fullest exlent permitted by law, I do not accept or assume responsibility to anyone Other than the charily and the charity's trustees as a body. for my Independent Ex8minatlon, for thls report. or for the oplnions I have fomied, Re8pectlve respon8lblllt193 and ba8ls of report As the charlty's trustees of the Company (who are also the directors of the company for the purposes of company law). you are responsible for the preparalion of the accounts in accordance with the requirements of the Companies Act 2006 ("the 2006 Act.). Havlng satlsfied myself that the accounts of the Company are not requlred lo be audited for thls year under Part 16 of the 2006 Act and are eligible for Independent examlnatlon, I report In respect of my examlnatlon of your charfty's accounts as carried out under section 145 of the Chariti85 Act 2011 ("Ihe 2011 Act"). In carrying out my examlnatlon, I have followed the Dlrectlons glven by the Charity Commission (under section 145(5)(b) of the 2011 Act. Ind•pondent oxamlnerf8 statement Th8 Gompany's gr05s Income exceeded £250,000 and l am quallfied to undertake the examlnatlon by belng e quallfled member of the ICAEW. I have completed my examlnatlon. I conflrm that no maleri81 matters have come to my attentlon whlch glves me cause to belleve that: accountlng records were not kept In accordance wlth secllon 386 of the Companles Act 2006; or the accounts do not accord with such records., or the accounts do not comply with relevant accountlng requlrements under section 396 of the Companles Act 2006 other than any requirement that the accounts give a 'true and fair, view which is not a malter Gonsidered as part of an independent examlnatlon., or the accounts have not been prepared In accordance wllh the Charllies SORP (FRS102). I have no concerns and have come across no other malters in connection with the examination to whlch altentlon should be drawn In thls report In order to enable a proper understandlng of the accounts to be reached. SAMIR SHAH ACA RAMON LEE LTD 93 TABERNACLE STREET LONDON EC2A 4BA .10.2024
THE FOOD CHAIN (UK) LIMITED CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2024 SUMMARY INCOME AND EXPENDITURE ACCOUNT Unrestrlcted Restrlcted Funds Funds Total 2024 Total 2023 Note8 Income Grants, donations and legacSes 111,353 111,353 121,113 Charitable actlvities 99,100 133,193 232,293 343,035 Other income generation actlvltles 89,525 89,525 59,660 Investment Income 71 71 98 Total Income 300,049 133.193 433.242 523,906 Expandltura Ralslng funds Charitable activltles 48,758 201,353 48,758 386,352 64,442 520,827 184,999 Total expendlture 250,111 184,999 435,110 585,269 Nèt Incomel(expendlture) and net movement In funds for the yoar Reconclllatlon ol funds Total funds, brought forward Total fund8, carrled forward 49,938 (51.806) (1.868) (61.363) (29,831) 20,107 53,359 23,528 84.892 1,553 21,660. 23,528 The Stalement of Financial Activities InGludes all gains and losses recognlsed In the year. All Incoming resources and resources expended derive from Continuing activities. The notes on pages 13 to 23 fomi part of these accounts. io
THE FOOD CHAIN (UK) LIMITED CONSOLIDATED BALANCE SHEET AS AT 31ST MARCH 2024 GROUP 2024 GROUP CHARITY CHARITY 2023 2024 2023 Notes Flxed assets Tangible assets Investments 12 13 17,354 26,030 17.354 26,030 Total Flxad Assets 17,354 26,030 17.355 26,031 Current a880ts Debtors Cash at bank and In hand 14 7,908 44,215 4,691 30,772 10,551 43.808 7,125 30,366 Total Current Assets 52,123 35,463 54,359 37,491 Llabllltles Creditors falllng due wthln one year 15 (47,817) (27,965) (47,817) (27,605) Net Current Assets 4,306 7,498 6,542 9,886 Creditors falllng due after more than one year 15 (10,000) (10,000) Net a5sots 21.660 23,528 23,897 25,917 The funds of the charlty: Unrestricted funds Restrlcted funds 16 16 20,107 1,553 (29,831) 53,359 22,344 1,553 (27,442) 53,359 Total charfty funds 21,660 23,528 23,897 25,917 In preperlng these flnanclel statements.. For the financial perlod ended 3111 March 2024 the company was entltled to exemption from audtt under section 477 Companies Act 2006. No member of the company has deposited a notice, pursuant to section 476, requirlng an audlt of these financlal statements under the requlrements of the Companles Act 2006. The trustees acknowledge thelr responslbillties for ensuring that the charltable company keeps accounting records which comply with sectlon 386 of the Act and for preparing financial slalements which glve a true and falr vlew of the stale of affalrs of the charitable company as at the end of the financial period and of Its surplus or deficit for the financial period in accordance with the requiremenls of sections 394 and 395 and which otherwise comply with the requirements of the Companies Acl 2006 relating to accounts, so far as applicable to the charitsble company. These financlal slatements have been prepared in accordance with the provisions applicable to charitable companles subject to the small companies, regime within Part 15 of the Companies Act 2006. These accounts were approved by the Board of Directors and Trustees on 24.10.2024 and signed on Its behalf by: Christopher Buckley Company No: 02580505 The notes on pag@s 13 to 23 form part of these accounts. li
THE FOOD CHAIN (UK) LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2024 Notes 2024 2023 Cash used In operatlng aGtlvltles 18 13.372 (59,399 Cash flows from Invostlng actlvltleB Interest Income Purchase of tangibla fixed assets Purchase of Investment 71 98 Cash provlded by l (used In) Investlng aGtlvltles 71 98 Cash flow8 from flnanclng actlvltles Repayment of borrowing Cash inflows from new bOrrong$ Interest on borrowing Cash used In flnanclng actlvltlg8 Increase l (decrease) In cash & cash equlvalents In tho year 13.443 (59,301 Cash & cash equival8nts at the beglnnlng of the year 30,772 90.073 Total cash & cash equlvalents at the end of the year 30,772 12
THE FOOD CHAIN (UK) LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES 1.1 Basls of preparatlon of accounts The financlal statements have been prepared In accordance with Accounting and Reporting by Charities: Statement of Recommended Practice appllcable to charities preparing thelr accounts In accordance wlth 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) and the Companles Act 2006. The presentatlon currency of the flnanclal statements Is the Pound Sterllng {£). The Food Chaln (UK) Limited meets the definltlon of a publlc benefit entity under FRS 102. The accounts (flnanclal stalem8nts} have been prepared under the hlstorfcal cost conventlon wlth Items recognised at cost or transactlon value unless othernise stated in the relevant note(s) to these accounts. 1.2 Preparatlon of accounts on a golng concem basls The charity's Flnanclal Statements show net deficit of £1,888 for the year and free reserves of £22,344 as at the year end. The Trustees are taklng steps to reduce costs and secure additional funding so that the charity is able to operate on a Satisfactory basls and are confldent that the charity can continue to operate on a golng concem. 1.3 Group flnanclal statement8 The group financial statements consolidate the accounts of The Food Chain (UK) Limited (Ihe 'company') and It's wholly owned subsldlary, The Food Chaln Kltchen Llmlted. The Dlrectors have taken advantage of the provlslons of Secllon 408 of the Companles Acl 2006 and do not present an individual profit and loss account for the company. 1.4 Income Income Is recognlsed when the Charfty has entitlement to the funds. any perfomiance condltlons attached to the Item{s) of Incom8 hav8 been met,1118 probable that the income wlll be recelved and amount can be measured reliably. Income recelved by way of grants, donatlons and legacles are Included In full In the Statement of Financial Activities when received, unless they relate to a specified future perlod, In whlch case they are deferred. Income from charitable activities received by way of revenue grants and donations are credited to reslrfcted Incomlng resources on the earller dale of when they are recelved or when they are recelvable, unless they relate to a specified future period, in which case they are deferred. Grants, donations and legacles of general nature which are not conditlonal on dellvering certaln levels of service are included as part of Grants, donations and legacles as shown under note 2 and 3. Capital grants for the purchase of fixed assets are credited lo restricted Incomlng resources on the earller date of when they are recelved or receivable. Deprecatlon on the related fixed assets is charged against the restricted fund. Facility hire income is recognlsed as eamed {that1s. 88 the related services are provlded). Fundraislng income are credited to incoming in the year in which they are received, as in practice this represents a receivable basis. Income from activities includes Income recognlsed as earned (as the related goods and services are provlded) under contract. Investment income is included when receivable. 1.5 Volunteers and donated servlces, facllltles and goods Donated professlonal services and donated facilitl8s are recognlsed as Income when the charlty has control over the item, any conditions associated with the donated item have been mel, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordanc& with the Charities SORP (FRS 102). the general volunteer time of the Charity is not recognised in the main body of the financial accounts but detail is coniained in the Trustee5 report. On receipt. donated professional services. donated facilities and goods are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay lo obtain servlces or facilities of equivalent economic benefit on the open market. a corresponding amount is then recognised in expenditure in the period of receipt. 13
THE FOOD CHAIN (UK) LIMITED NOTES TO THE ACCOUNTS (Contld) FOR THE YEAR ENDED 31ST MARCH 2024 1.6 Expendlture recognltlon and Irrecoverable VAT Expenditure Is recognised once there is a legal or constructive obligation to make a payment to a third paty, it is probable that settlement wlll be required and the amount of the obligatlon can be measured rellably. Expenditure is classified under the following activity headlngs: (a) Costs of generatlng funds are those cost Incurred In attractlng voluntary Income and those Incurred In other trading activities that ralse funds. (b) Expendlture on charitable actlvltles Includes the costs dlrectly assoclated food dellvery servlces and education and outreach services, to further the purp)ses of the Charity and thelr associated support costs. Irrecoverable VAT Is charged as a Gost agalnst the actlvlty for whlch the expendlture was Incurred. 1.7 Allocatlon of support costs Support costs are those functlons that asslst the work of the charlty but do not dlrectly undertake charltable activities. Support costs include back-offlce costs, financ8 and admlnlstratlon personnel, payroll and gov8rnance costs which support the Trust's programmes and aclivilies. Th88e costs have been allocated beeen cost of ralsing funds and expenditure on charitable activitie8, The bases on which support costs have been allocated are set out In note 8. 1.8 Fund's Structure The general fund comprlses those monles, whlch may be used toward meetlng the charltable objectlves of the company at the discretion of the Management Board. The r8slricted funds are mon18s raised for, and thelr use restricted to, a speciflc purpose or donatlons subject to donor-lmposed condllions. 1.9 Penslon costs The charlty operates a defined contrlbutlon penslon sGheme on behalf of Its employeos. Contrlbutlons are charged lo the Statement of Flnancial Activitles in the period In whiGh they are payable. The essets of the scheme are held separately from those of the charfty In an indapendently admlnlstered fun The penslon cost charge represents contributlons payable by the charity to the fund and amounted to £19.836 (2023 - £14,425). Contributions totallSng £2,043 (2023 £1.792) were payable to the fund at the year end and aro included in creditors. 1.10 Operatlng leases The Charity classlfies the leas8 of property and copler r8ntal as an operallng lease, Tha rentals are charged to the Statement of Financial Activities on a straight-line basis over Ihe lease duration. No assets are held under hlre purchase agfeements. 1.11 Debtors Trade and other debtors are recognSsed at th8 settlement amount due after any trade dlscount offered. Prepayments are valued at the amount prepaid net of any trade discounts due, 1.12 Tanglble fixed assets Tangible fixed assets are stated at cost less depreclation. Indlvidual fixed assets cosling £500 or more are capitalised at cost. Depreciation is provided at rate5 calculated to write off the cost or valuation of fixed assets, less their estimated resldual value, over thelr expected useful lives on the following bases: Asset Category Annual Rate Office equipment 15tt10 on the reducing balance basis Kitchen equipment 33Vo on the reducing balance basis Leasehold improvements 150/0 on the reducing balance basis 14
THE FOOD CHAIN (UK) LIMITED NOTES TO THE ACCOUNTS (Contld) FOR THE YEAR ENDED 31ST MARCH 2024 1.13 Cash at bank and In hand Cash at bank and in hand includes Cash deposits and short tem hlghly liquld investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.14 Credltors and provlslons Credilors and provisions are recognised where the charity has a present obligation resulling from a past event that will probably result in the transfer of funds to a third party and the amount due to settle Ihe obligation can be measured or estimated reliably. Credilors and provi36ons are nornially recognlsed at their settlement amount after allowing for any trade discounts dug, 1.15 Flnanclal Instruments The Trust only has financlal assets and flnanclal Ilabllitles of a klnd that quallfy as ba8lc flnanclal Instruments. Basic financial instruments are initially recognlsed at transactSon value and subsequently measured at thelr settlement value with the exceptlon of bank loans which are subsequently measured at amortised cost using the effective interest method. 1.16 Judgement and key sources of estlmatlon uncortalnty In the application of Ihe charity's accountlng policles. the charfty Is requlred to make Judgments, estlmates and assumptions about the carrying amount of assets and liabilities that are nol readily apparent from other sources, The esllmates and assoclated assumpllons are based on hlslorlcal experlence and other factors that are considered to be relevant. Actual results may differ fram these esllmates. The estimates and und8rllng assumptlons are revlewed on an ongolng basls. Revlslons to accounllng estlmates are recognlsed in the period in whlch the estimate is rovised where the revision affects only that perlod, or In the period of the revlslon and future periods where the revislon affects both current and future periods. GRANTS, DONATIONS AND LEGACIES Unrestrlcted R•strlcted Fund8 Fund$ Total 2024 Total 2023 Donatlons Glft Ald 104.250 7,103 104,250 7,103 115,878 5,235 111,353 111,353 121,113 The grants, donations and legacies income In 2023 totalllng £121,113 was attrlbuted to £15,000 restrfcted funds and £106,113 unrestrfcted funds. 15
THE FOOD CHAIN (UK) LIMITED NOTES TO THE ACCOUNTS (Conud) FOR THE YEAR ENDED 31ST MARCH 2024 CHARITABLE ACTIVITIES Grants and donations: Unrestricted Reslrldod Funds Funds Total 2024 Totsl 2023 Food dellvory s8ry1¢es.' Lottery Community Fund City Bridge Trust The Natlonal Lottery Fund M,A.C Aids Fund The Mlll Charitable Trust Terrence HlggSns Trust Other funders Evan Cornish Foundation 90,000 39,363 90,000 42,463 120,000 58,222 44,813 30,000 30,000 15.000 15,000 10.000 3,100 20,000 30,000 10,000 11,000 20,000 30.000 10,000 12.000 1,000 74,100 130,363 204,463 323,035 Educatlon and outreach.. Wandsworth Oasis 25,000 25.000 99,100 2,830 2,830 133.193 27.830 27.830 232 293 20.000 20,000 343,035 Total The Income from charltable actlvltles In 2023 totalllng £343,035 was attrfbuted to £227,813 restrlcted funds and £115,222 unrestricted funds. 16
THE FOOD CHAIN (UK) LIMITED NOTES TO THE ACCOUNTS (Conud) FOR THE YEAR ENDED 31ST MARCH 2024 OTHER INCOME GENERATION ACTIVITIES GROUP AND CHARITY Unrestrlcted Total 2024 Total 2023 Restrfcted Collections and Events Community Caf& Catering Income Other Income and Partnerships 48.126 48,126 28.606 14.467 16,587 41,399 41,399 89,525 89,525 59,660 The Income from other Income g8neratlon actlvltles In 2023 totalllng £59,660 was all attrlbuted to unrestrfcted funds. NET INCOME FROM TRADING ACTIVITIES OF SUBSIDIARY The wholly owned trading subsidlary, Food Chaln Kitchen Limlted, which is registered In England and Wales, pays all but a small proportlon of Its proflis to the charity by glft ald. The prlnGlpal acllvlty of the subsldlary company is that of catering services. The charity owns the entlre Issued share capital of 1 Ordlnary Shares of £1 each. Accounts are filed with the Reglstrar of Companles. A summary of the tradlng results for the year ended 3111 March 2024 Is shown below.. 2024 2023 SUMMARY PROFIT AND LOSS ACCOUNT: Turnover Cost of sales Administration costs Bank Interest recelved 180 (360) Net proflt 180 (360) Amount glft alded to the charlty Retained In subsldiary 180 (360) The as8ets and Ilabllltles of tha subsldlary were: Current assets 406 406 Current liabilities (2,643) (2,823) Total nat assets (2,237) {2,417) Aggregate share capltal and reserves (2,237) {2,417) 17
THE FOOD CHAIN (UK) LIMITED NOTES TO THE ACCOUNTS (Conud) FOR THE YEAR ENDED 31ST MARCH 2024 RAISING FUNDS Raislng Funds Total 2024 Total 2023 Staff costs Fundraising activities Support costs (Note 8) Govemance costs (Note 8) 36,124 36,124 42,508 5.010 11.948 4.976 64,442 12,286 348 48.758 Of the £48,758 expandilure in 2024 {2023 £64,442). £48.758 was charged to unrestrlcted funds (2023 £64,442) and £nil to restricted funds (2023 - £nil). 12,286 348 48.758 CHARITABLE ACTIVITIES Food dellvery Educatlon & servlc85 Outreach Kltchen servlce• Totsl 2024 Total 2023 78,202 30.905 201.023 94,152 8,673 2.235 8,676 69.621 1,972 386,352 246,841 98,097 90,402 1,828 13.014 50,965 19,680 520.827 staff costs Dlrect project costs Kitchen runnlng costs Volunteer costs Depreciation Support costs (Note 8) Govemance costs (Note 8) 122,821 58,444 4,803 8,673 2,235 8,676 3.278 93 40,954 1.160 223,379 25,391 719 137,451 25,522 Of the £386,352 expenditure In 2024 {2023 - £520,827), £201,353 was charged to unrestrlcted funds (2023 £317,848) and £184,999 to restriGted funds (2023- £202,979). ANALYSIS OF SUPPORT AND GOVENANCE COSTS The Charity Initially identifles the costs of its support functions. It then Identlfies those costs whlch relate to tha governance function. Governance costs and other support costs are apportioned separately between charity's three key actlvities undertaken (see note 6 & 7) in the year. All the general support and governance costs have been apportioned to the various charitable activities on the basis of staff time allocated to each activity. Support Governance Total Total costs costs 2024 2023 Staff costs Stsff trainlng and welfare Premises Volunteer costs Communication costs Computer and website costs Other office costs Trustee Recruitment Professional fees and evaluation Independent examination 25.280 890 2,265 1,396 5,302 4.585 20,544 25.280 890 2,265 1.396 5,302 4,585 20,544 19,184 6,525 13,266 1.320 5,562 5,183 4.094 1,520 27.826 2,700 21,646 21,646 2,320 2,320 81.907 2,320 84,227 87,180 18
THE FOOD CHAIN (UK) LIMITED NOTES TO THE ACCOUNTS (Conud) FOR THE YEAR ENDED 31ST MARCH 2024 NET INCOME I (EXPENDITURE) FOR THE YEAR 2024 2023 Depreciation of tangible fixed assels Operating lease payments- rent Independent examlnatlon fees other non-audit fees - payroll and accounts preparation 8,676 13.014 38.300 2,700 360 3,400 10. ANALYSIS OF STAFF COSTS, TRUSTEES REMUNERATION AND EXPENSES. AND COST OF KEY MANAGEMENT PERSONNEL STAFF COSTS 2024 2023 Wages and salary National Insurance Pen8lon 210,584 15.779 10,784 237,147 271,872 22,237 14,425 308,534 No employee recelved remuneratlon In excess of £60,000 durlng the year, No Tnjstee received any remuneratlon durlng the year (2023 - £nll). No Trustees recelved relmbursed expenses during the year (2023 - £nll). The key management personnel of the charlty comprlse the two Dlrector and Kltchen servlce5 manager. The total employee benefits (includlng healthcare benefits) of the key management personnel of the charlty were £139,030 (2023- £126,876). 11. STAFF NUMBERS The average monthly number of staff employed, calculated as full tlmo equivalgnt, during the year was as follows: 2024 2023 Food delivery servlces Education and outreach Kitchen Fundraising Management and admlnistrative work Total The average monthly number of employees during th8 year was 7 (2023: 9). 19
THE FOOD CHAIN (UK) LIMITED NOTES TO THE ACCOUNTS (Conud) FOR THE YEAR ENDED 31ST MARCH 2024 12. TANGIBLE FIXED ASSETS GROUP & CHARITY 2024 2023 NET BOOK VALUES Leasehold improvements Kitchen equipment Office equipment 17,354 26,030 17,354 26,030 MOVEMENTS IN YEAR ostorv Openlng Balancos Closlng Balanc88 Addltlons Dl8po8als Leasehold Improvements Kitchen equipment Office equlpm8nt 70,745 80,691 1.008 70,745 80,691 1,008 152,444 152,444 Openlng Balances Charge For Yoar Closlng Balances DI8P08als Leasehold Improvements Kitchen equlpment Offlce equlpment 70.745 54,662 1,008 70,745 63,338 1,008 8,676 126,415 8,676 135,091 13. FIXED ASSET INVESTMENTS GROUP 2024 CHARITY 2024 2023 2023 Investment at cost The Investrnent shown above represents the cost of the entire issued share capital of the subsidiary und8rtaking. Food Chain Kitchen Limited. which is incorporated in England & Wales. Results of the subsidiary are set out In note 5. 14. DEBTORS GROUP 2024 CHARITY 2024 2023 2023 Amounts due by subsidiary undertaking Prepayments and accrued income 2,643 7.908 2.463 4.691 7.908 4,691 7.908 4.691 10,551 7,154 20
THE FOOD CHAIN (UK) LIMITED NOTES TO THE ACCOUNTS (Contld) FOR THE YEAR ENDED 31ST MARCH 2024 15. CREDITORS FALLING DUE WITHIN ONE YEAR GROUP 2024 CHARITY 2024 2023 2023 Other creditors Accruals Deferred Income 6.114 11,703 30.000 47,817 7,797 10,170 10,000 27,967 6,114 11,703 30,000 47,817 7,797 9.810 10,000 27,607 CREDITORS FALLING DUE MORE THAN ONE YEAR GROUP 2024 CHARITY 2024 2023 2023 Deferred Income 10,000 10.000 10,000 10,000 16. ANALYSIS OF CHARITABLE FUNDS Balance a8 at 01.04.23 Balance ab at 31.03.24 Incomg Expendlture Restrlcted funds: Lottery Communlty Fund city Bridge Trust The Nallonal Lottery Fund Other funders Wandsworth Oasls Ocado Retail 90,000 39,363 90,000 52,588 33,673 1,884 13.225 33.673 1,000 2,830 1.553 5,577 53,359 5,577 184,999 133.193 1.553 Unrg8trlcted funds: General funds (29,831) 23,528 300,049 250,112 20,107 433,242 435,111 21,660 21
THE FOOD CHAIN (UK) LIMITED NOTES TO THE ACCOUNTS {ConUd) ST FOR THE YEAR ENDED 31 MARCH 2024 Analysls of charitable funds - prevlous year Balance as at 1.04.22 Balanco as at 31.03.23 Income Expendlturn Restrlcted funds: Lottery Community Fund Clty Brldge Trust The Natlonal Lottery Fund Other funders Ocado Relail 120,000 53,500 44,813 9,500 15,000 120,000 53,800 11,140 8,616 9,423 13,525 13,225 33,673 884 5,577 13,525 242.813 202,979 53.359 Unre8trlcted fundi: General funds 71.338 281,093 382,262 (29,831) 84,863 523,906 585,241 23,528 16. ANALYSIS OF CHARITABLE FUNDS (contlnued) Descrlptlon, nature, and purpo8a of funds: Clty Brldge Trust - Flve-year fundlng towards the Pfolect to support dlsedvantaged PLWHIV wlth speclallst dieletlc, nutritlon support as well as volunteering 8nd work experience opportunities to support transltlon to Independence. Fund ends 3011012024. London Catalyst- Samaritan grant of £1,000 recelved for the rellef of hardshlp. eneral ftinds.. General fund represents funds available to Spend at the dlscretlon of the Trustees. 22
THE FOOD CHAIN (UK) LIMITED NOTES TO THE ACCOUNTS (Convd) FOR THE YEAR ENDED 31ST MARCH 2024 17. ANALYSIS OF GROUP ASSETS BETWEEN FUNDS Unrestrlcted Restrlcted Tolal Tangible flxed assets Net current assets 17,354 2,753 17.354 4,306 1,553 20,107 1,553 21.680 Analysls of group a¥¥et$ between funds - prevlous year Unrestrlcted Restrlcled Total Tanglble flxed assels Net current assets 26,030 (55,861) 28,030 (2.502) 23.528 53,359 29,831 53,359 18. RECONCILIATION OF NET MOVEMEKf IN FUNDS TO NET CASHFLOW FROM OPERATING ACTIVITIES 2024 2023 Net movement In funds Add back depreclatlon Deduct interest income shown in Investment acllvltles Decrease l (increase) In deblors Increase l (decrease) In credllors Net cash used In operatlng actlvltlos (1,868) 8,676 (71) (3,217) 9,852 13,372 (61,335) 13,014 (98) 2,431 (13,411) (59,399 19. SHARE CAPITAL Tha company is limited by guarantee and does not have a share capital divlded by shares. 20. RELATED PARTY During the year, there was no related party transactions. 23