# **The Royal Academy of Culinary Arts**
**-a(a company limited by guarantee)**
**Charity No. 1087567 Company No. 04144824**
**Reports and Financial Statements**
**for the year ended**
**31st December 2022**
## **The Royal Academy of Culinary Arts -a(a company limited by guarantee)**
## **Company information**
|Directors/Trustees|Brian James Turner CBE|
|---|---|
||John Thomas Williams MBE|
||Amanda Jayne Afiya|
||Frederick Willem Mostert|
||Myles Ironside Bremner|
||Richard James Dunne|
||David Charles Coubrough|
||William James Toner (appointed 13 April 2023)|
|Secretary|Martha Bruce|
|Company number|04144824|
|Registered Charity number|1087567|
|Registered office|Westminster Kingsway College|
||76 Vincent Square|
||London|
||SW1P 2PD|
|Independent accountants|Riches & Company|
||34 Anyards Road|
||Cobham|
||Surrey|
||KT11 2LA|
**The Royal Academy of Culinary Arts -a-S**
## **(a company limited by guarantee)**
## **Contents**
**----- Start of picture text -----**
Page
1 3
4
Statement of financial activities 5
Balance sheet 6 - 7
Notes to the financial statements 8 - 11
**----- End of picture text -----**
## **The Royal Academy of Culinary Arts -a-**
## **(a company limited by guarantee)**
## **for the year ended 31st December 2022**
The trustees/directors present their report and financial statements for the year ended 31st December 2022.
## **Principal activities and objectives**
The principal activities of the company are to advance the education of children and young persons in food, nutrition, hygiene, health and related subjects so as to develop their taste and appreciation of food, of food origins and of different cultures.
## **Registered office:**
Westminster Kingsway College 76 Vincent Square London SW1P 2PD
## **Directors/trustees**
The following have held office throughout the year: -
Richard Alan Shepherd CBE (deceased 24[th] November 2022) Brian James Turner CBE John Thomas Williams MBE Amanda Jayne Afiya Frederick Willem Mostert Myles Ironside Bremner Richard James Dunne David Charles Coubrough
## **Status**
The company is limited by guarantee and has no share capital. The company is also registered as a charity, number 1087567.
## **Review of activities**
During the period since inception the trust has been successful in obtaining sufficient donations to cover overhead expenses and meet its primary aims.
## **Public benefit**
In preparing their statements on public benefit, the directors have, in accordance with s.4 of the Charities Act 2006
Adopt a School teaches children about food in a holistic way from plant to plate, paying respect to food, nutrition, health and hygiene and cooking as a life skill. We believe that learning can and should be fun and informative.
1
## **The Royal Academy of Culinary Arts pt-a(a company limited by guarantee)**
## **and for the year ended 31st December 2022**
Since its beginnings in 1990, the Trust has delivered its sessions to many thousands of children across the country and we have an ever-growing waiting list of schools eager addition to the voluntary time invested by our members and the wider hospitality industry who are absolutely passionate about what they do and for whom food is their reason for being, Adopt a School has an on-staff team of 7 including 5 regional chef lecturers daily challenging childre senses and captivating their curiosity for food and teaching about its significance in every aspect of our lives.
We deliver sessions mainly in classrooms but also on farms. We work with a number of special educational needs schools, youth clubs and with many schools where children come from disadvantaged backgrounds. We have been working with Great Ormond Street for many years and we now a Chelsea and Westminster Hospital. We have discovered that cookery can be an exceptional educational tool to many children who find learning tough, having the added benefit of helping to develop teamwork and communication skills.
Adopt a School is a way of life. It is about improving the lives of young people and changing habits so that the next generations can continue to benefit. We believe strongly in the principle of good, sensible eating which is the key to healthy mind, body and nation and of invaluable benefit to social behaviour.
We also believe that the current approach towards food education needs to be transformed so that it has a secure and definitive place on the curriculum - for all children. Our workshops integrate with many key syllabus subjects.
## **Financial Review**
The Statement of Financial Activities, Balance Sheet and following notes show the performance of the charitable company during the year.
nfidence factor are always a feature in fulfilling the plans of the Trust and, this has understandably been another challenging year for the Trust. However, coming out of the Covid-19 pandemic, we have had fundraising successes as well as renewed support from volunteers delivering the programme. The Trustees have no need to be disappointed in the efforts of the team.
As in previous years, there has been great support from grant-makers. The Savoy Educational Trust has been a supporter since 1996 and the Worshipful Company of Cooks since 2000, and more recently, we have received grants from the Garfield Weston Foundation, the Worshipful Company of Innholders, The Band Trust and Table Talk Foundation - all pillars of support both financially and morally. In addition, the University of West London has sponsored Ashley Marsh for 2½ days a week.
In 2022, the Trust received a one-off £200,000 bequest from former Chief Executive and Trustee, Sara Jayne Stanes OBE. The Trustees are hugely grateful for this extraordinary and exceptional legacy which will provide much-welcome security and reserves for the Trust in an uncertain economic environment, although general fundraising will obviously need to continue. Therefore, the Trust has unrestricted reserves of £318,304, and restricted reserves of £180,432 as at 31 December 2022.
2
The Royal Academy of Culinary Arts
"Adopt4-School" Trust
(a company limited by guarantee)
Trustees, and Directors, annual report (continued)
for the year ended 31st December 2022
Structure. 9ovemance and managoment
The charitable company was incoTporaled on 161h January 2001 and is govemed by tts memorandum
and arucles of associatson. 11 is managed fly its ljlrectorsi injstees.
New directorsltrustees can be appointed by a majority vote of the existing directorsl trustees at a
yenei.al meetiiig at wliich a quoruni is obtained.
Statement of trustees, and dlrectors. responsibilities
Charity and MpanY law require the Iwstees lo prgpare financial statements for each financial year
which give a true and fair view of Ihe state of affairs of Ihe Charlty and of the surplus or deficit of the
charity for that period. Under company law the directors must not approve the financial siatemenls
unless they are satisfied that they gNe a true and fair view of the state of affairs of the company and
of the incotne and expend5ture of the Gompany for that period. In preparing those financial statements,
the tnjslees are required to-.
select suitable accounting policies and then apply them Consistent..
observe the methods and principles in the Charilies SORP.,
make judgements and estlmates that are reasor¢able and prudent-
state whether applicable UK aCUnting standards and statements of recommended pctICe
have been followed, subject to any matertal departures disclosed and explained in the
financial staternents.,
prepare the financial statements on the going concem basis unless f( is inappropriate to
presume that the company will continue in business.
The directors are responslble for keeplng proper accountlng records whlch disclose wlth reasonable
accuracy at any time the financial position of Ihe company and lo enable them to ensure that the
financial statements comply with the Companies Act 2006. They arg also responsible for
safeguarding the assets of the company and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularilies.
By Order of the Board
DireCtorrUStee fidtJ.l
RICHES
& GOMPANY
Independent Accountants. Report to the members of
The Royal AGadetny of Culinary Arts
,Adopt-achool" Trust
(a company limited by guarantee)
In order to assist you to fulfil your duties under the Companies Act 2006. we have prepared for your
approval the finanaal statements of The Royal Academy of Culinary Arts Adopt-a-sthool" Trust for
the year ended 31 Decembei 2022 sét out on pages 5 to 11 from the cornpany's accountillg records
and from information and explanations you have given u5.
As a practising Member firm of the Institute of Chartered Accountsnts in England and Wales IICAEW).
We are subject to its ethical and other professional requirements which are detailed at
http.'IIww.i¢8ew.comlenlmemberslregulalions-st8ndards-and-guidancel
This report is made solely to the Board of Directors of The Royal Academy of Culinary Arts'Adopl-a-
School Trust, a5 a body, in accordance with the temis of our engagement letter. Our work has been
undertaken 501ely to prep8re for youi approval the finanaal stalernents of The Royal Academy of
Cullnary Ans "Adopt-a-school" Trust and slate ihose matters that we have agree¢1 to state io the
Board of Directors of The Royal Academy of Culinary Arts °AdDpl-a-School' Trust, as a body, in this
report In accordance Wlih IGAEVV Technical Release 071Ifj AAF a5 ¢etaiie(J at l¢aew.com. To tne
fullest extent permitted by law, we do not accept or assume responsibility ID anyone other than The
Royal Academy of Culinary Ajls 'Adopt-&School' Trust and its Board of Directors as a body, for our
work or for this report.
It is your diity to ensure th8t The Royal Aeadpmy nf fijlinary Art8 °Adnpt_a-8rthnnl" TnJ8t ha.s kppl
adequate accounting records and lo prepare statutory financial statements that give a true and fair
iew of the assets. liabilities, financial position and profit of The Royal AGaderny of Culinary Art
'Adopl-a-School' Trust. You consider that The Royal Academy of Culinary Arts 'Adopt-a-School"
I rust Is exempt Irom the statutory audit requiremeni lor tne year.
We have not been instructed to carry out an audit or a review of the financial statements of The Royal
Academy of Culinary Arts "Adopt-a-school. Trust For this reason, we have not verified the accuracy
or complelenes
of the aoUntIng records or information and explanation5 you have given to us and
we do not, th
re, express any opinion on the statutory financial statements.
Ri¢he$ & Company
Dale
éLIzi
Chartered Accountants
34 Anyards Road
Cobham
Surrey
KT112LA
## **The Royal Academy of Culinary Arts -arust (a company limited by guarantee)**
## **Statement of financial activities for the year ended 31st December 2022**
|Unrestricted Restricted
funds
funds
Note
£
£
**Incoming resources**
Donations
255,470
240,230
Income from charitable activities
100,920
360
Interest income
529
-
**Total incoming resources**
356,919
240,590
_______
______
**Charitable expenditure**
Direct cost of activities in furtherance
of the charity
objectives
16,697
25,178
Activity implementation costs
3
203,399
55,090
Management and administration
4
35,054
-
**Total resources expended**
255,150
80,268
**Net (expenditure)/income for the year**
**101,769**
**160,322**
Fund balances brought forward
165,385
71,260
Funds transfer during the year
51,150
(51,150)
**Fund balances carried forward**
**318,304**
**180,432**|2022
Total
funds
£
495,700
101,280
529
597,509
______
41,875
258,489
35,054
335,418
**262,091**
236,645
-
**498,736**|2021
Total
funds
£
130,632
77,330
2,750
210,712
_____
19,656
149,641
58,660
227,957
(17,245)
253,890
-
236,645|
|---|---|---|
The charitable company has no gains or losses other than those reported above, and therefore no separate statement of total recognised gains and losses has been presented.
All amounts relate to continuing activities.
5
## **The Royal Academy of Culinary Arts -a-School (a company limited by guarantee)**
## **Balance sheet at 31st December 2022**
|Note
**Current assets:**
Hats and aprons stocks
Other debtors
Investments
Cash at bank
**Creditors: amounts falling due**
**within one year**
5
**Total net current assets**
**Total assets less current liabilities**
**Represented by:**
**Funds**
Unrestricted funds
9
Restricted funds
9|2022
£
£
6,441
14,811
10,000
517,221
548,473
(49,737)
498,736
498,736
318,304
180,432
498,736|2021
£
£
1,079
17,745
-
281,666
300,490
(63,845)
236,645
236,645
165,385
71,260
236,645|
|---|---|---|
For the financial period ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Tru Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
6
The Royal Academy of Culinary Arts
,Adopt-achool" Trust
(a company limited by guarantee)
Balance sheet
at 31st December 2022 (continued)
These financial $13tementg have been preparod in 3ceordanc8 wtth th8 provisions applicablc to
companies subject to the small companies. regime.
The finanaal statements were approved by the Board on Date 51612.3
DireCtorruStee
## **The Royal Academy of Culinary Arts -a-Scho t (a company limited by guarantee)**
## **Notes to the financial statements for the year ended 31st December 2022**
## 1 **Accounting policies**
## 1.1 **Accounting convention**
The financial statements are prepared under the historical cost convention and in accordance with applicable accounting standards, the Companies Act 2006, the Charities Act 2011, the Charities SORP 2 (FRS 102) and the Financial Reporting Standard (FRS 102). The principal accounting policies adopted in the preparation of the financial statements are set out below.
The company is registered in England with registration number 04144824 and its registered office is Westminster Kingsway College, 76 Vincent Square, London, SW1P 2PD, United Kingdom.
The company has taken advantage of the exemption in FRS 102 from the requirement to produce a cash flow statement on the grounds that it is a small company.
These financial statements are presented in sterling which is also the functional currency of the company.
The charity meets the definition of a public benefit entity under FRS 102.
The trustees have considered the financial position, forecasts and cash flows of the organisation and are satisfied that it is appropriate to prepare the accounts on a going concern basis.
## 1.2 **Incoming resources**
Income is recognised in the period in which the company is entitled to receipt and the amount can be measured with reasonable certainty. Income is deferred in accordance with the period of the donation as specified by the donor.
## 1.3 **Resources expended**
Expenditure is included on an accruals basis.
Costs of generating funds comprise those costs directly attributable to obtaining donations and sponsorship.
Management and administration comprises costs for the running of the company.
8
## **The Royal Academy of Culinary Arts -aTrust (a company limited by guarantee)**
## **Notes to the financial statements (continued) for the year ended 31st December 2022**
## 1.4 **Funds accounting**
Funds held by the company are:
Unrestricted Funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
Restricted Funds - these are funds that can only be used for particular restricted purposes within the objects of the company. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
- 1.5 **Expenditure**
Expenditure is recognised when a liability is incurred.
- 1.6 **Taxation**
- As a registered charity, the company is exempt from liability to corporation tax on its charitable activities.
## 1.7 **Leasing arrangements**
- Rentals payable under operating leases are charged to the unrestricted reserves on a straight-line basis over the lease term.
## 2 **Operating profit**
|Operating profit stated after charging:
Accountants
3
**Activity implementation costs**
Salaries and fees
Activities costs
Travel costs|2022
£
600|2021
£
600
2021
£
144,797
-
4,844
149,641|
|---|---|---|
||2022
£
224,983
21,318
12,188
258,489||
9
## **The Royal Academy of Culinary Arts -a(a company limited by guarantee)**
## **Notes to the financial statements (continued) for the year ended 31st December 2022**
|4
**Management and administration**
Administration salaries and fees
Office costs
Telephone
Accountancy fees
Computer costs
5
**Creditors: amounts falling due within one year**
Other creditors
Accruals and deferred income
6
**Staff costs**
Gross wages and salaries
contributions
E
ension contributions|2022
£
-
31,229
27
3,406
392
35,054
2022
£
6,730
43,007
49,737
2022
£
202,300
16,711
5,972
224,983|2021
£
8,818
47,020
511
2,260
51
58,660
2021
£
6,080
57,764
63,844
2021
£
142,365
7,244
4,006
153,615|
|---|---|---|
No employee earned £60,000 per year or more for the years ended 31st December 2022 or 2021.
The average number of persons employed by the company was 6 (2021 5).
10
## **The Royal Academy of Culinary Arts -a-Sch (a company limited by guarantee)**
## **Notes to the financial statements (continued) for the year ended 31st December 2022**
## 7
The charitable company was formed to continue the Adopt-a-School activities previously carried on by The Royal Academy of Culinary Arts Limited, a company limited by guarantee, which changed its status from a friendly society on 30th September 2014.
The Royal Academy of Culinary Arts Limited recharged the following during the period:
|Salaries and fees
Other costs|2022
£
-
23,291
23,291|2021
£
8,818
28,548
37,366|
|---|---|---|
Included within the figure for salaries and fees recharged above is £nil (2021 - £7,362) paid to Sara Jayne Stanes, the Chief Executive and a trustee, to reimburse her for the work she performed administering the charitable company.
No remuneration was paid to other directors or trustees during the current and prior year.
No director or trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the current and prior year.
At 31st December 2022, The Royal Academy of Culinary Arts Limited owed the charitable company £6,005 (2021 £6,005).
## 8 **Company Status**
The company has no share capital but is limited by guarantees for £10 from each of the directors/trustees.
## 9 **Funds**
Unrestricted funds relate only to the charitable compan trustees see fit.
Restricted funds relate to donations received for Schools Sessions run by the North East branch, and funding received for the Chef on the Farm and the Sussex Chef programmes. These funds may only be used to contribute towards the costs of the relevant activities.
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