The Royal Academy of Culinary Arts "Adopt-a-school" Trust (a company limited by guarantee) Charity No. 1087567 Company No. 04144824 Reports and Financial Statements for the year ended 31st December 2023 *AD4ZV4uO• 1010612024 COMPANIES HOUSE A8
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The Royal Academy of Culinary Arts ,Adopt-achool" Trust (a company limited by guarantee) Company information Directorsrrrustees 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 KT112LA
The Royal Academy of Culinary Arts "Adopt-a-school" Trust (a company limited by guarantee) Contents Page Trustees. and directors, annual report Independent accountants, report Statement of financial activities Balance sheet Notes to the financial statements 8-11
The Royal Academy of Culinary Arts "Adopt-a-school" Trust (a company limited by guarantee) Trustees, and Directors, annual report for the year ended 31st December 2023 The trusteesldirectors present their report and financial statements for the year ended 31 st December 2023. Principal activities and objectives The principal activrties 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 offlce". Westminster Kingsway College 76 Vincent Square London SW1 P 2PD Directorsftrustee8 The following have held office.. Brian James Turner C8E John Thoma5 Williams MBE Amanda Jayne Afiya Frederick Willem Mostert Myles Ironside Bremner Richafd James Dunne David Chades Coubrough William James Toner (appointed 131h April 20231 Status The company is limited by guaranlee and has no share capital. The company is also registered as a charity, number 1087567. Revlew of activities During the period since inception the Irust has been successful in obtaining sufftcient donations to cover overhead expenses and meet its primary aims. Public benefrt In Preparing their statements on public benefit. the directors have, in accordance with $.4 of the Charities Act 2006, considered the Charity Commission's general guidance on public benefit. 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 lrfe skill. We believe thal learning can and should be fun and informative.
The Royal Academy of Culinary Arts "Adopt-a-school" Trust (a company limited by guarantee) Trustees, and Directors, annual report (continued) for the year ended 31st December 2023 Sints ils 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 to be 'adopted'. In addition to the voluntary time invested by our members and the wider hospitality industry who are absolutely passionale about what they do and for whom food is their reason for being, Adopt a School has an on-slaff team of 7 including 6 regional chef leclurers daily challenging children's 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 and we are very proud of our new teaching kitchen at Plumpton College in Sussex. in partnership with Table Talk Foundation. 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 Omond Street for many years and we now also work with Evelina Children's Hospital, Chelsea and Westminster Hospital and St. George's Hospital. In 2023, we also supported students from 5 Northern Colleges in to go on 3 weeks. work experience in France, Spain and Italy. We have discovered that cookery can be an exceptional educational tool to many children who find learning tough. having the added benefrt of helping to develop teamwork and communiCatn skills. Adopt a School is a way of lrfe. It is about improving the lives of young people and changing habits so that the next generations can continue to benefit. i+Ve 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 811 children. Our workshops integrate with many key syllabus subjects. Financlal Revlew The Statement of Financial Activrties, Balance Sheet and following notes show the perfomance of the charitabb Company during the year. The stste of the nation's economy and the confthnce factor are always a feature in fulfilling the plans of the Trust and. this has understandably been another challenging year for the Trust. However, we continue to have fundraising successes as well as renewed support from volunteers delivering the programme. The Trustees have no need to be disappoinled in the efforts of the team. As in previous years, there has been great support from grant-makers. The Savoy Educational Trusl 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 Worshiplul 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 2 /2 days a week and University College Bimiingham employed Ibrahim Bellal in 2023 as a chef lecturer who delivers the Adopt a School programme 2 days a week. The Trust remains in a strong financial position with unrestricted reserves of £323,972. and restricted reserves of £109,600 as at 31 December 2023.
The Royal Academy of Culinary Arts "Adopt4-School" Trust (a company limited by guarantee) Trustees, and Directors. annual report (continued) for the year ended 31 st December 2023 Structure, governance and management The charitable company was incorporated on 16th January 2001 and is governed by its memorandum and articles of association. It is managed. by its directorsl trustees. New directolsltrustees can be appointed by a majority vote of the exisling directorsl truslees at a general meeting at whlch a quorum is obtained. 8tatemeftt ol te9. and dlrectorn. rosponsibilttles Charfty and company law require the tNstees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. Under company law the directors must not approve the financial statements unless they are satlsfied that they give a true and fair view of the State of affrdirs of Ihe company and of the income and expenditure of the company for that period. In preparing those financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistenty; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent., state whether applicable UK aOUnting standards and statements of recommended practice have been followed. subject to any material departures disclosed and explained in the financial ststements; prepare the financial statements on the going concern basls unless it Is inappropriate to presume that the company will continue in business. The directors are responsible for keeping proper accountin9 records which disclose with reasonable accuracy at any time the financial position of the cornpany and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for tsking re880n8ble steps for the prevents'on and detection of fraud and other irregularities. y Order of the Board /r z avid Coubrough DirectorlTrustee
Independent Accountants, Report to the members of The Royal Academy of Culinary Arts "Adopt-a-school" 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 financial statements of The Royal Academy of Culinary Arts "Adopt-a-school. Trust for the year ended 31 December 2023 set out on pages 5 to 11 from the company's accounting records and from infomiation and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http'.Ilvrnw.icaew.comlenlmemberslregulations-standards-and-guidancel This report is made solely to the Board of Directors of The Royal Academy of Culinary Arts "Adopt-a- School" Trust, as a body, in accordance with the temis of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Royal Academy of Culinary Arts "Adopt-a-S¢hool" Trust and state those matters that we have agreed to state to the Board of Directors of The Royal Academy of Culinary Arts "Adopt-a-school" Trust, as a body, in Ihis report in accordance with ICAEW Technical Release 07116 A4F as detailed at icaew.com. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than The Royal Academy of Culinary Arts "Adopt-a-school" Trust and its Board of Directors as a body, for our work or for this report. It is your duty to ensure that The Royal Academy of Culinary Arts "Adopt-a-school" Trust has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Royal Academy of Culinary Arts "Adopt-a-school. Trust. You consider that The Royal Academy of Culinary Arts "Adopt-a-school" Trust is exempt from the statutory audit requiremenl for the 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 completeness of the accounting records or infomiation and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. Riches & Company Date 2410512024 Chartered Accountants 34 Anyards Road Cobham Surrey KT112LA
The Royal Academy of Culinary Arts "Adopt-a-school" Trust (a company limited by guarantee) Statement of financial activities for the year ended 31st December 2023 2023 Unrestricted Restricted Total funds funds funds 2022 Total fvnds Note Incomlng resources Donations Income from charitable activities Interest income 47,596 343,727 130,059 4.059 391,323 495,700 130,059 101,280 4,059 529 Total incomlng re80urc•s 181,714 343,727 525,441 597,509 Charitable expendlture Direct cost of activities in furtherance of the charity's objectives Activity implementation costs Management and administration 24,225 11,368 194.488 333,833 25,771 35,593 528,321 25,771 41.875 258,489 35,054 Totsl resources expended 244,484 345,201 589,686 335,418 Net l•xpenditure)lin¢omo for the year Fund balances brought fotward Funds transfer during the year 162,770) (1,474> {64,244) 262,091 318,304 180,432 498,736 236,645 69,358 (69,358) Fund balances carrled forward £324,892 £109,600 £434,492 498,738 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 actNities.
The Royal Academy of Culinary Arts "Adopt-a-school" Trust (a company limited by guarantee) Balance sheet at 31st December 2023 2023 2022 Note Current a8SOts: Hats and aprons stocks Other debtors Investments Cash at bank 8,121 11,649 29,371 428,492 6,441 14.811 10,000 517.221 477.633 548,473 Creditors: amounts falling due within one year 143,141) (49,737) Total not current a8••ts 434,492 498,736 Total a88•ts le88 curront Il•biliti•• 434,492 498,736 Represented by: Fund8 Unrestricted funds Restricted funds 10 10 324,892 109,600 318.304 180,432 434,492 498,738 For the financial period ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relats'ng to small companies. Trustees, and 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 stIOn 476., The directors acknowledge their responsibilities for complying With the requirements of the Act wilh respect to accounting records and the preparation of financial slatements.
The Royal Academy of Culinary Arts "Adopt-a4chool" Trust (a company limited by guarantee) Balance sheet at 31st December 2023 (continued) These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The financial statements were approved by the Board vid Coubrough Directorrrrustee
The Royal Academy of Culinary Arts "Adopt-a-school" Trust (a company limited by guarantee> Notes to the financial statements for the year ended 31st December 2023 Accounting policies Accountlng conventlon 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 Act 2022 where relevant, the Charities SORP 2 (FRS 102) and the Financial Reporting Standard (FRS 102). The principal accounting policies adopted in the preparation of the financial slatements are set out below. The company is fegistered 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 statemenl on the grounds that il 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 entty 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. Incoming re80urces Income is recognised in the period in which the company is entitled to réceipt 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. R•8ource8 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.
The Royal Academy of Culinary Arts "Adopt-a-school" Trust (a company limited by guarantee) Notes to the financial statements (continued) for the year ended 31st December 2023 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 truslees. 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. Expenditure Expenditure is recogni8ed when a liability is incurred. Taxation As a regislered charity. the company is exempt from liability to corporation tax on its charitable activits'es. Leasing arrangements Rentals payable under operating leases are charged to the unrestricted reserves on a straight-line basis over the lease term. Operating profit 2023 2022 Operating profit stated after charging.. Accountants, remuneration 600 600 Activity Implfrmentation costs 2023 2022 Salaries and fees Activities costs Travel costs 224,130 292,173 12.018 224,983 21,318 12,188 528,321 258,489
The Royal Academy of Culinary Arts "Adopt-a-school" Trust (a company limited by guarantee) Notes to the financial statements (continued) for the year ended 31st December 2023 Management and administration 2023 2022 Office costs Telephone Accountancy fees Computer costs Unrealised loss on investments 20,973 31,229 27 3.406 392 3,574 420 804 25,771 35.054 Cash at bank Bank current account Bank deposit account Fixed interest investment accounts 125,897 158,695 358.526 302,595 428,492 517.221 Credltorn: amounts falling duo within one year 2023 2022 Other creditors Accruals and deferred income 6,805 36,336 6.730 43.007 43,141 49,737 Staff costs 2023 2022 Gross wages and salaries Ernployer'5 National Insurance contributions Employer's pension contributions 202,100 16,169 5,861 202,300 16.711 5,972 224.130 224,983 No employee earned £60,000 per year or more for the years ended 31 st December 2023 or 2022. The average number of persons employed by the company was 5 (2022 - 6).. 10
The Royal Academy of Culinary Arts "Adopt-a-school" Trust (a company limited by guarantee) Notes to the financial statements (continued) for the year ended 31st December 2023 Related partie8ltru8teo8' remuneratlon The charilable company was fomied 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.. 2023 2022 Salaries and fees Other costs 9,665 23,291 9,665 23,291 No remuneration wa8 paid to other directors or trustees during the current and prior year. No director or trustee or other person related to the charty had any personal interest in any contract or transaction entered into by the charity during the current and prior year. At 31st December 2023, The Royal Academy of Culinary Arts Limited owed the charitable company £4,442 {2022- £6,005). Company Status The company has no share capital but is limited by guarantees for £10 from the sole member, The Royal Academy of Culinary Arts Limited. 10 Fund• Unrestricted funds relate only to the charitable company's general fund, for use as the trustees see fit. Restricted funds relate to donations received for Schools Sessions run for the North East of En9land, and funding received for the Chef on the Farm, and the Sussex and London Chef programmes. In 2023, the charitable company expended funds provided for setting up the Plumpton Kitchen. These funds may only be used lo contribute towards Ihe costs of the relevant activities.