2021-03-31-accounts

Legal and Administrative Details
Chairman's Statement
Trustees' Report
Independent Auditor's report			14
Consolidated Statement of Financial Activities (including	Income and Expenditure	accountl	18
Consolidated and Charity Balance Sheets
Group Cash Flow Statement			21
Notes to the Financial Statements			22

				R H Bartlett		(Appointed	(Appointed	22/09/2020)	22/09/2020)	22/09/2020)
				BW Daga Mura
				I M Gordon		(Reured 28/04/2021)
				L D Handle
				D C Hudson		(Retired 11/11/2020)
				N F Matthews OBE		(Retired 11/11/2020)
				M McKe ntie
				H E Murray
				D Pervez		(Appointed		22/09/2020)
				M P Smith
				R A M Smith		Chairman
				LA Stigant
				H M Tatum		(Appointed		11/05/2021)
				H M Tucker
				)C Uttley
				D CWheeler		Treasurer
				M R Williamson
Life Patrons				Lord Price CVO;	Mike Coupe; Paul Monk
President				Charles Wilson
Chief Executive				Steve Barnes
Company	Secretary			Catherine Robinson-McCormick
Registered		Office		2 Lakeside Business		Park, Swan Lane,		Sandhurst,			Berkshire GU47 9DN
Webske				www. groce ryaid.org.uk
Email				Infoeigroceryaid.	org.uk
Independent		Auditors		Moore Kingston	Smith LLP, Devonshire				House,	SD Gosweg Road, London		EC1M TAD
Bankers				Lloyds Bank, 24 Broad Street, Reading, Berkshire,							RG12BT
Investment		provide	ra	CCLA Investment	Management Limited,				London
				Newton Investment		Management	Limited, London
				Rathbone Brothers		Pic, London

			Unresufcmd	Restricted	Total	Total
			Funds	Funds	2021	2020
		Note			6	E
Income from:
Donations and legacies			4,432,822	716,666	5,149i487	2,072,688
Central fundra ising			3,338,606		3,338,606	6,200,669
Branch fundralsing			21,578		21,578	467,525
Investment Income		7	223,106		223.106	279,286
Total Income			8,016,122	716,666	8,732,777	9,020,167
Expenditure on:
Cost ofraising funds
Central fundraising			1,637,557		1,61Q$6	4,386,373
Branch fundraising			3,315		3,115	217,036
Charitable activities
Grants			2,893,728	508,055	3,401,783	2,65'9,624
Goods and services			1,393,258	184,799	1,577,037	1,624,727
Other Expenses		10	67,109		67,109	(214,609)
Total Expenditure			5,994,967	692534	6,665,050	8,673,151
Net gains/(losses)	on	15	1,402,655		1,402,655	(605,617)
investments
Net			3,423,800	23g32	3,470,382	(258,600)
income/(expenditure)
and net movement	in
funds
Reooncgiation offunds:
Total funds brought			8,916,869	L668	8,918,537	9,177,137
forward from previous
year
Total funds carried			12,340,669	25,500	12,388,919	8,918,537
forward

		Group		Charity
		2D21		2021
	Notes
shred Assets
Tangible	13	2.122,770	1,116,197	1,122.770	1,116,197
assets
Intangible	14	48WS	45,384	48,465	45,384
assets
investments	15	8.947WS	7,328,752	8,957.345	7,338,752
Total fixed		10,118~	8,490,333	10,128,580	8,500,333
assets
Current
Assets
Debtors	16	1,928WS	3,087,731	257,760	1,428,307
Cash at bank	17	5.6742232	680,025	4,426.789	448,175
and In hand
Total		7,602WS	3,767,756	4,684,549	1,876,482
current
assets
CR EDI TORSt	18	(5881,996)	(3,339,552)	(2.102,086)	(2,198,682)
Amounts
falling due
within one
year
NET		2,270W9	428,204	2,582r463	(322,200l
CURRENT
ASSETS
NET ASSETS		12,3SS,919	8,918,537	12,711,043	8,178,133
FUNDS
Unrestricted	20	12,363r419	8,916,869	12,685,543	8,176,465
income fund
Restricted	20	25,500	1,668	25.500
income fund
TOTAL		12,388,919	8,918,537	12,711,043	8,178,133
FUNDS

				2021			2020
		Note	6					E
NET CASH USED IN OPERATING		23			5,037,113			(561,863)
ACTIVITIES
CASH FLOWS FROM INVESTING
ACTIVlllES
Dividends, Interest and Rents for			223,106			279,286
Investment
Purchase of property, plant	and		(31,870)			(65,206)
equipment
Purchase ofintangible assets			(18,404)
Proceeds from the sale of						500,000
investments
Purchase ofinvestments			(219,938)			(274,036)
Net cash provided by investing					(43,106)			440,046
activities
Change in cash and cash equivalerrts					4,994/07			(121,818)
in the reporting period
Cash and cash equivalents	at the				680,025			801,843
beginning ofthe reporting	period
Cash and cash equivalents	atthe	24			5,674,032			680,025
end ofthe reporting period

Freehold	interest	in office premises	2SC per annum
Freehold	interest	in buildings	1Stper annum
Office equipment			20SC per annum
Furniture	fixtures	and fittings	10%per annum

	Profit and Loss Account	- Summary	- Summary	- Summary	- Summary		2021	2020
								f
	Turnover						19,485	2,845,407
	Net Profit/(Loss) and Retained			Reserves			(4242t65)	740,405
	The subsidiary's net assets		were		comprised	as
	follows,
	Debtors Cash at Bank						1,976,556 1',244	2,249,415 232,851
	Creditors						(3,535,923)	(1,730,861)
	Net Assets/(Liabilities)						(312.123)	750,405
4.	Voluntary income-Donations				and Legacies
							2021	2D2D
								f
	Donations -unrestricted						4r432,821	1,606,022
	Voluntary Income —restricted:
	Grant from Leverhulme	Trade Charities Trust					466,666	466,666
	Funds for retailer hardship		fvnd				250,000
	TOTAL						5,149,487	2,072,688

Central fundraising	Central fundraising			2021
			Income	~fx ses	Sur us
Central fund	raising	—unrestricted	3,226,736	(397,D25)	2,829,711
Allocated support		costs		(1,105,'911)	(1,105,911)
PR Marketing			111,870	(111,870)	0
Totalcurrent	centralfundraising		3,338,606	(1,614,806)	1,723200
Gifts in Kind
Total			3,338,606	(1,614,806)	1,723200

d~tl t d
Central fundraising	-	unrestricted	5415,941	(2,668,033)	2.744~
Allocated support casts				(913,612)	(913,612)
PR Marketing			137,699	(137,699)	D
Tata Icurrent centra		Ifundraising	5,553,640	(3,739,344)	td614t296
Gifts in Kind			647,029	(647,029)
Tata I			6~,669	(4~,373)	td631t296

				2021		2D2D
			Income	Expenses	Surplus	Surplus
						f
Tata	IBranch	Fundralslng	21t578	(3,315)

			2021		2020
			Llnre st rioted	Total	Tots I
			Funds	Funds	Funds
				f	f
Dividend and other investment		income	222,086	222,086	275,784
Bank deposit interest receivable			26	26	2,608
Other investment	income		994	994	994
Tote IInvestment	Incame		223,106	279,286	279~

		Unrestricted	Restricted	Tata I
		Funds	Funds	Funds
		f		f
Monetary	G ra nts	2,228,805	508,055	2,736,860
Provision	ofgoods and services	1,108,291	184,779	1,293,070
Allocated	support costs	949,89D		949,890
Total		4~,986	69M34	4,979,820
		Unrestricted	Restricted	Total
		Funds	Funds	Funds
		f
Monetary	G ra nts	1,781,714	265,127	2,046,841
Provision	ofgoods and services	1,162,233	199,872	1,362,1D5
Allocated	support costs	875,405		875,405
Total		3,819,352	464,998	4~,351

				2021	2020
					f
Audit	—Current year			22,240	36,822
Audit	—Relating to Pdior year
Meetings					702
Legs	I advke			72,422	27,137
Trustees'		expenses		48
Trustees'		indemnity	insurance		2,387
				97,144	674)48

		2021	2020
			f
Legs	I advice	67,111	99,490
Release ofother creditor			(314,099I
		(67,111)	(214,609)

	Central	Charitable
2021	Fun dr a ising	Activities	Governance	Total
	6	6
Staff related costs	842,897	541,431	136,953	1,521,282
Direct costs (note 9)			97,144	97,144
Overheads	248,855	152,365	22,803	423,216
Governance costs		256,094	(256,094)
Total allocation	1,091,753	949.890		2,041.643
	Central	Charitable
	Fundraising	Activffies	Governance	Total
	6	6	6
Staff related costs	711,825	521,003	131,841	1,364,669
Direct costs (note 9)			67,048	67,048
Overheads	194,131	143,710	11,803	349,644
Governance costs		210,692	(210,692)
Total allocation	905856	875,405		1,781,361

		2020
Charitable welfare	13.2	13.2
Fundraising	14.1	11.9
Governance	1.7	1.3
Average Head count	29.0	26.4

				Furniture,
		Freehold land		fixtures and
		and buildings	Office Equipment	Bttings	Total
			E	E
Cost:
Brought	forward	1,197,855	113,038	19,573	1,330,466
Additions			15,047	16,822	31,869
Dispose Carried	Is forward	1,197,855	)31,870) 96,215	36,395	(31,870) 1~,465
~~ilLI nn
Brought	forward	129,201	75,214	9,854	214,269
Charge	for year	12,213	10,701	1,874	24,789
Disposals			(31,362)		(32,362)
Carried	forward	141/14	54,544	11,728	207,696
Net book value carried
forward		2,056i422	41,661	24,667	1,122,720
Net book value brought
forward		1,068,654	37,824	9,719	1,116,197

	Webslte	Software	Tata I
Cost:
Brought forward	23,576	125,077	148,653
Additions	12,144	6,260	18,404
Dispose ls
Carried forward	35,720	131,337	167457
~DB~II In
Brought forward		103,269	103,269
Charge for year	5,357	9,966	15,323
Disposals
Carried forward	5,357	113,235	118,592
Net book value carried forward	30,363	1$,102	48A65
Net book value brought forward	23,576	21,808	45,385

.Investments
			Group	Charity
		2021	2020	2021	2020
Anal sis ofMovement of	Investments
Market value at beginning	ofyear	7,328,752	8,170,333	7,338,752	8,170,333
Additions to investments	at cost	215sr38	274,036	215,938	274,036
Dispose ls at market value			(5M,OOO)		(500,000)
Net gain/(loss) on revaluation		tr402i655	(605,617l	1,402,655	(605,617)
Market value at end ofyear		8,947,345	7,338,752	8,947,345	7,338,752
Investments hekf
Listed investments		8,947,345	7,328,752	8,947,345	7,328,752
Investments in subsidiary	undertakings			10,000	10,000
Totalinvestments held		8,947,345	7,328,752	8,957,345	7,338,752

Unrestricted	fund investments		consist ofa	porffolio of	listed investments	managed on the charity's	behalf by
professional	fund managers.	The following		investments	make up more that 5SIofthe total investment
porffolio:
					%oftotal	Market Value
BNY Megan Global Income		Fund Newton		inst	31SS	62,741,180
Shares 1
Newton Growth and Income			Fund for		29%	62,557,648
Charities	Inc Class
Rathbones	Core Investment		Fund for		26fs	62,351,884
Char itles
CCLA COIF Charities Property			Fund		14SS	61,293,823

		Group	Group	Charity	Charity
		2021	2020	2021	2020
Current:
Trade debtors		1,219,909	2,135,033	42,387	1,272,912
Other debtors		473,770	798,803	1~	1,500
P re payments		75~	31,752	75,985	31,752
Accrued income		129,777	114,032	129,777	114,032
		12I97,442	3,079,620	249,649	1,420,196
Loans receivable secured	on property	8,111	8,111	8,111	8,111
		1,905,552	3,087,731	257,760	1,428,307

							Group	Group	Charity	Charity
							2021	2D2D	2021	2020
								f
Head office bank	current account						4,418,784	432,766	4r418,784	432,766
Head office deposit accounts							74	74	74	74
Trading Co bank	account						1,247,243	231,850
Branch bank accounts			v				7,931	15,335	7,931	15,335
							5,6748)32	680,025	4r426,789	448,175
eposit account in	Northern			Ireland		only.
,Creditors; amounts		falling due whhin one year
							Group		Charity
							2021	2020	2021	2020
							f	f	f	f
Trade creditors							(189,263)	(563,DD7l	(181,157)	(227,892)
Other creditors							(edf73,007)	(2,242,911l	(896,199)	(877,810)
Aocruals							(37,554)	11,985	(33,094)	(6,630)
Deferred income							(12)32,172)	(545,619)	(689369)	(5DD 105)
Amounts due to	subsidiary			undertaking					(302,267)	(586,245)
							(5W1,996)	(3,339,552)	(2,102,086)	(2,198,682)
vement on deferred			income balances was as lollows:
Balance brought	forward						(545,619)	(801,62D)	(744,217)	(744,217)
Released to statement			offlnandal			activities	545,619	801,620	744417	744,217
Fund raising proceeds			received				(1,032,172)	(545,619)	(689,369)	(500,105)
Balance carried forward							(1,032,172)	(545,619)	(689,369)	(50D,105)
.Commitments under			operating		lease
								2021	2020
Office equipment									f
Amounts to be paid
Within 1year								5,748	6,231
Between 2 - 5Years								3r451	9,199
Over 5Years
								9,199	15,430

		Brought			Gains/
GROUP		forward	Income	Expenditure	(losses)	Transfers	Carded forward
Yearto31March	2021
Generalfunds
Unrestricted fund		8,916,869	6,516,112	(5,365,348)	L402,655		1L470,288
Designated funds			1,500,000	(606,869)			893,131
Totalgeneralfunds		8,916,869	8,016,112	(5 sf72,217)	1~655		12W3,419
Restricted funds
Leva rhulme Trade
Charities Trust		1,668	466,666	(468,334)
Retailer hardship	fund		250,000	(224,500)			25,500
Total restrkted funds		1,668	716,666	(692,834)			25,500
Totalfunds		8,918,536	8,732,778	(6A65,051)	1~,655		12~,918
		Brought			Gains/
CHARITY		forward	Income	Expenditure	(lasses)	Transfers	Carrfed forward
Year to 31March	2021
Generalfunds
Unrestricted fund		8,176,464	7,169,082	(4,955,789)	L402,655		1L792,412
Designated funds			1,500,00	(606,869)
Totalgeneralfunds		8,176r464	8,669,082	(5~658)	1~,655		11,792,412
Restricted funds
Leva rhulme Trade
Charities Trust		1,668	466,666	(468,334)
Retailer hardship	fund		250,000	224,500			25,500
Total restskted funds			716,666	(692,834)			25,500
Total funds		8,178,132	9,385,748	(6~,492)	1~,655		12,71L043

		Brought			Galas/
GROUP 8 CHARfTY		farvva rd	Income	Expenditure	(lasses)	Transfers	Carried farvrard
Yearta 31March 2020
Generalfunds
Unrestrirted income
fund		7,848,414	8,553,501	(8,208,153)	(605,617)		7,588,146
Revaluation reserve		1,328,723					1,328,723
Tatalgeneralfunds		9,177,137	8,553,501	(8~,153)	(605,617)		8,916,869
Restricted funds
Leva rhulme Trade
Charities Trust			466,666	(464,998)			1,668
Other Trusts
Total restdcted funds			466,666	(464,998)
Tata Ifunds		9,177,137	9,020,167	(8,673,151)	(605,617)		8,918,537
21. Net assets
			Unrestricted		Restricted	Funds	Tatal
2021Consolidated	Grou			Funds
							6
Tangible fixed assets				1,122,77D			1,122,770
Intangible fixed assets				48,465			48,465
Inv est m ants				8,947,345			8,947,345
Current assets				7,554,084		25,50D	7,579,584
Current liabi Iltles				(5,331,996)			(5,331,996)
Total				12A85,548		25,550	32,711~
			Unrestricted		Restricted	Funds	Total
2021Charity				Funds
							6
Tangible fixed assets				1,122,770			1,122,770
Intangible fixed assets				48,465			48,465
Investments				8,957,345			8,957,345
Current assets				4,659,049		25,500	4,684,549
Current liabilities				(2,102,086)			(2,102,086)
Tata I				12~,543			12,711P43

			Unrestricted	Restricted Funds	Total
2020Consolidated		Group	funds
Tangible	fixed assets		1,116,197		1,116,197
Intangible fixed assets			45,384		45,384
Inv est m	ants		7,328,752		7,328,752
Current	assets		3,766,088		3,767,756
Current	liabilities		(3,339,552)		(3,339,552)
Tata l			8416,869		8,918,537

		Unrestricted	Restricted funds	Total
2020Charhy		funds
				6
Tangible	fixed assets	1,116,197		1,116,197
Intangible fixed assets		45,384		45,384
Investments		7,338,752		7,338,752
Current	assets	1,874,814	1,668	1,876,482
Current	liabilities	(2,198,682)		(2,198,68Z)
Tata I		S,176,465	1,668	8,17S,133

		2021	2020
		6	6
Net income/(expenditure)	forthe reporting period	3A70,382	(244,287)
	Income from investments	(223,0SO)	(276,778)
	Interest receivable	(26)	(2,508)
(Gains l/lasses on investments		(1,402.655)	605,617
	Dapreciation	(24,789)	48,665
	Amartisatian	(15.323)
Loss (Profit) on sale offixed assets
(Increasel/Decrease in debtors		1,182,179	(749,699)
Increase/(Decrease) In creditors Net cash (outflow)/InNow from operating~s		1,992,444 SW7,113	57,127 (56@$63)

			2021		2020
					E
Increase/(decrease)	In cash in the period	4,994,007			(121,818)
Change in net funds					f121,818)
Net funds at 1April					801,843
Net funds at31March		5,674,082			680,025
.Analysis ofchanges	in Net Funds
		1-Apr-2020	Cash	flows		31-Mar-2021
		f		E		f
Cash at bank		680,025	4,994,007			5,674,032
.Related party transactions
During the year ending 31stMarch 2D21,there		were no related	party transactions		I2D2D: nil).
.Parent company Statement of Financial Activity
		Unrestricted	Restricted		Total	Total
		Funds	Funds		2021	2020
						6
Income from:
Donations and legacies		5,070,485	716,666	5,787,151		2,087,001
Central fundraising		3,353,912		3W3,912		3,584,064
Branch fundraising Investment Income		21,578 223,106		21,578 3~,912		467,525 279,286
Total Income		8.669AR)2	7164)66	9~,748		6/17,875
Expenditure on:
Cost ofgenerating Central fundraising	funds	1,205,246		1~,246		2,510,173
Branch fundraising		3,315			3,315	217,036
Charitable activities
Grants		2,893,728	5D8,005	3r401,793		2,659,624
Goods and services		1,393,258	184,779	1478,037		1,624,727
Other Expenses		67,111			67,111	)214,609)
Total Expenditure		$.$62Ai58	6922I34	6~,492		6,796,9$1

Net gains/(losses) on investments	Net gains/(losses) on investments	1,402,655		1,402,655	(605,617)
Net Income/(expenditure)	end net	4.509P79	23832	4',921	(984,693)
movement In funds
Reconclgetlon offunds:
Total funds brought forward	from	8,176,464	1,668	8,178,132	9,162,824
previous year Total funds carried forward		12,685~3	25~	12,711,043	8,178,132