Charlty Ile6lstr•llon 140. 1108170 Comp•ryR4lstraUan 5Y33148 IEnO*nd and Wal¢sl THE CARING FAMILY FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
THE CARING FAMILY FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION TN5ts• R Acarlng M N Steinbprg P Carln8 (Appolnted 2 FerUarY 20211 (Appolnted 7 M3y20201 A Bennett.A4u5 Chirhyfiumber 1108870 Comp•ny number 5333148 26.28 Conwaystreet London WIT 60Q Audltor HW Flsher LLP Acre House 11.15 Wllllam Road London NWI 3ER Unlted Klnudom B•nk•N HS8C Prlvate Bank IUKI Umltqd 78 St James Street Londan SW iJ8 Sdto 8ates Wells & 8ralthwalte 2-6 Connon Street London EC4M 6YH
THE CARING FAMILY FOUNDATION CONTENTS Trustee5' report stst¢mentof trust881' rosponslbllltlBi Independent audltor's report 8.10 Charttabl• iroup statement ofllnandèl ath¥llles li Ch•rltsbli 8rtyJpand <h•ilty bal•ncesheet$ 12 Charltsble group st•tement of cash Ilows 13 NE*tes to thelnanclal statements 14-18
THE CARING FAMILY FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 MARCH 2021 The trustees present thelr report andfftn4ncial 5tstements for the year ended 31 March 2021. The financlal 5tatement5 have been prepared lth accordance with the accountln8 policies set out in note I to the financl41 staternÉnts and compl¥ wlth the charity's Memorandum and Artlcles of As5orl4tlon, the Companies Act and 'kcountinE and Reportlng by Charities.. Staternent of RecommeThled PractlEe aPicable to chorltles preparln8 thelr accounts in oEcordance wlth the Flnancial Reporting stsndaid •pplKable in the UK and Republlc of Ireland IFRS 1021 ¢effecte l January 20191" ObJ•¢tl¥qs•nd •cd¥kS•1 The Foundatlon's oblprflves are tti provide 8rants to or8anSsatlons to support chlldren and youn8 people In nepd. HowEver durln8 thls peilod the Foundation also iesponded to the pandemic and led it5 own natlonal c•mp8i8n ¢0 tackle food Insecurlty to supportlrontllne w0er5 and vulnerablÈ cornmunltie5. In line with Charlty Commlsslon 8uld•n¢e the director5 conslder the w<trrk dohe by the Foundatlon, to be In ihe wbllc beneflt as ihe seryl¢e5 suppllgd are to advance the rellef of poverty and the athanMent ol health or the savlng of live$. ThÈ dlrertors are 5atlsfled thèt the object$ ol the Foundatlon wlll be mei throuih the virlaus octfvltles beSn8 undertaken. The Carln8 F4mlly Foundatlon wa5 founded wlth a VIan to support vulnerable communltle5 In need. Durln8 the first quarter of 2020 Ihp COVIO 19 pandemlc Struck impactln8 the Élobal populatlon. The UK suffered wlth extremely hl6h death rates ènd s18nlflt•nt lockdown perlods, puttlng extrpme ye55ure on the countr¥Ks natlonal heBlth serylce and key workers and In some cases, eMacerbatln8 ¥ulnofablE £ommunltle5already challen8ln8 sttuatl?rtS. The Foundatlon's focus to date had been •wardlni grants and formlns partnershlp$ with 8ta55-root5 or8anisatlons to delwer la5tln8 charye. However, when fhe Impa¢i Of the pandemlc started to become Clear and the UK wa5 placed In a natlonal lockdown from ihe 26th March 2020. It Was at thls sta82 thbt the Foundatlon's board of dlrectors declded 10 respond to the crlsis, through fundra151ng across theli networks and the 8ener31 publlc, harne551n8 theli expertise In the food and h05pltallty sector, BafvanlsSni a communlly effort of staff wlunteus and currently closed kltthen5 across the Country to for8e partnershlps wlth award-winnin8 charltable partners, onsurin8 thq dellvery ol over a mllllon nutrltious mea15to those Sn need and the Mllll¢n and One Meals campaign commenced. The foundatlon is Browln8 Slowly and therelore t8kSn8 tlme to demonstrate Impact and dellvery, as well is. formattln8 It5 slon, rni55ion and dlrectlon of travel for the strate8lc dlrectlon for the feundatlon. ThÈrefore we have taken the declsbn to be methodicèl In 5electin8 the makeup of the board and key skills and Indlvlduals that we requlre to achieve aMtIouS dellvery. WhÈn we are In a p051tloTh to recrult further trustee mernbefs we wlll conslder wheiher we have enau8h trustee5 wlth the right knowled8e. eAPQflente and sklll$. whether they requlre any tralnln8 or support to thelr role effectivety and whethor we rE9ulre new trustee5 and the process we would undertake. We would ensure we have a thorou8h understandinB of the role and skllls, experlences and 4ualltie5 we requl¥e. A Statement of re5pon5ibilltle5 lor job descrlptionl would be drafted to Inform the prospective tru5tpe of the role. Where appropriate a trustÈe skllls audit would be conducted of the current board. The teim of office for trustees would be cheEked and the governlnB document for Ihp forrnal process of appointmont oi election would be Checked. The foundation is aware of the rules re8ardln8 ellglblllty automatic di4ualiflcailon of trustees ano would fellow a formal process, slmllar to Staff re¢ruiiment, followed by an Informal process to be seletted by the ex15tlng tru5tee5. Induction is vital and 15 the 8ateway for new trustee5 to ensure they are Informed wlth re8ards to the foundation. thelr le8al responsibllltle5 and key pollcles and procedures. An indurtion pro8ramrne would Include meetin8$ and introductlons to other trustee5. employees and beneficlarles. Invitations to events, meetlngs and presentstions. documentations for a trustee inductlon p•¢k ond bud¢*in8 or Egèchlng where requlred. Our trustees work together to ensure the best declslons are made for the foundatlon, all decisions a informed and we ensure trustees act wlthin thelr powers, art honp5tly and with 8ood Intentions and only In the foundation's SnterestS, alway5 5ufficientty Informed ènd having sought advice. tske account of all relevant fact015 and Ignore iirelevant factors, manage Confit$ of Interest and make dec15Ions that are withln a range of decisions that a reasonable body of trustee5 can mèke. These principles are especlally ufjllsed when dÈclsions are complex, hlgh impèct. involve si8nificantfund5 or are hlgh irnpact. Day to day management of the foundati¢Jn 15 delegated to the Oirector of the foundation, with important matters belng reported to the board of trustee5. The buard remalns legally responsiblÈ for all artniitie5 of the charity.
THE CARING FAMILY FOUNDATION TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORn FOR THE YEAR ENDED 31 MARCH 2021 Athbe¥emeThts •nd perforni•n¢e 5 1.14 Million MEALS PAOVIOED PSYLMOLOtsILAL. 50CI4I AP4D LEGAL SEAVICES DtLlVtAtD TO WOMEII FIEE¢14G ABUSE 14ATIONAL CAMPAIG115 LAUIICMf D CHILD 5AFIGUAItDIPIG CAUSES VIOk4EN SLJPPOWIED FLEIING QOMfSTIC ABUSE IIIITIATIVES 5VVPORTto W()1OEN fjAAgLIA TID OVR tMPLOK4EPIT VIOLENCI AGAIIIST WOMEPI AIID CHIIOAE14 OttGAWISATIOP45 SVPPOIITQD 30,000 ÉNVlkDNK4ENThL RtOESIAIIOM PROIEC7 LAUNCHED VOIVNTEIA MOUAS thlh+A UCL 90ftPh Fareshare NSPCC hlonial Hulih RJlDlvi•rf FwDdfytioTr il$ HALO 5dw¢I tht Chlldie JliKVAUK womens 3id Yvri Durlng the lockdown restrirtions, the Foundation 881n15e o tobust volunteer network who came together. to werk tlreles51y and Bave thelr time freely to produce and distribute a mlllion and one nutdtlous and treshty cooked mea15 for the NHS and vulnerèble communltles across the UK. Donations of over £1.8m were received from friends. members of the BirfÈy clubs, tuslomers of the restaurants and members of the publ1¢ and people from all over the world. &Jppliers gifted food and delfvery truck5 3nd thdr drlvers. O¥er 30,000 volunteer hours weregfven by the team5 from The Ivyi 81115 and The Birley Clubs.
THE CARING FAMILY FOUNDATION TRUSTEES. REPORT (INCLUDING OIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2021 Tiir. (.'ARINC> •FOUNDAVICN A big thank you rf_ • 1,000,000 • THOUSANDS The foundètlon belleve5 Sn a Wofld where women and chlldren feel safe and no ehlld Soes hungry. In response to the 8rowln8 crlsis of food poverty ènd violence a8aln5t women and chlldren, thÈ Foundation Is ¢omml¢ted to,. supportlng vulnerabk famllles to ensure no chlld 8oe$ hunBryi and empowerlng women and children IleelnK vlolence to flnd safetv Ind hope. In June 2020, The Carln8 Famlly Foundatlon establlshed Bem Querer Mulher.. West House, a women'5 SUPPOrt centre In 5a0 Paulo, Braill. Throu8h our on8oln8 5UPPVrt for West House, we have enbblÈd hundred5 of women and their chlldren e5eapin8 dgme5tlr abuse to find the strength to leave their abUr5, to secure safety, to rebulld their self-esipem, and t rewrbtè thelr own storie5. Slnce e5tabllshlng Bem Querer Mulher West House In 2020 until Aprll 2021, we have been able to 5UPPOrt 390 women and their Children psrape dorne5tk abuse and find safety. In èdtlition, we have been able to offer 1,381 SeIce5 includins p5ycholo8ical 5uppori le8al sUPPOrt, and social Services lincludlnE Initlal a55e55ments ènd referrals to specialist suppoit for health. safety and 8eneral wellbÈin81- a cruclal step In helplng to break the CYC of Jbu5e and ensure 5UTvivors are able to secure and mainiain indeppndence. Throu8h the support of The Carln8 Fami Foundatlon, West HOUSÈ has been able to offer the Professlonal Human Cèpacitation course which not only alrns to equip them with prDfe551onal Skills so they can start a trade and financlally provlde for themselves and their childrÈn, but a150 teaches them how to dÈrvnstruEI their history of vlolence and realise the¥ are more thèn what happened to them. SDThetlmes flndlng the strength to flee an abuslve relatlonshlp Is just the flrst step in breJkiTrg the cyrle of dome5tlc vlolence, and the unique communlty of women supportin8 women at West House helps survNor5 throu8h the extended process of rebuildlng ttteir Ie5 wSth a newfound Sense of independence and peace. With the women we support we identified the requirement for professional development trainlng to gain Èmployment and financ+al Security to break rhe cycle of abuse. The tourse commenced at the end of thÈ 2020. 26 v40men started the rouise. 20 finlshed the cour5p. Of the 6 whll not complete. 3 found emplDyment before the end of the ceurse and 3 were unable to complete due to covid. Of the 20 who tompleted the course. 3 went into the lorrnal labDUf rnarket, 6 were within 5eloctlon processes, 9 had started their own businesse$ and 2 were Inthe Informal labour morket.
THE CARING FAMILY FOUNDATION TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENOED31 MARCH2Q21 Awordln& e¥ent8nd crfgls response As è grant awardin8 foundation, we ran two events to mark Mental Health Day and for International Day of the Glrl where Ihe foundatyon ra15ed fund5 and donated fund5 to key frontline charitles. On Au8U5t 4, 2020, 3 deadly emploslon at the port of Belrut kllled nearly 200 Indidual$. Snlured thousands more, and damaged the capltal. 5eeln8 the devastin8 dÈStrUctn ènd Ios5 01 life, The Carlng F4mily Foundation raised funds and donated to Art uf Hope, a charity working on the yound in Lebanon, Art ol Hopel wlth their Brassroots partners on the 8raund, used the funds to prtswde emergency & l¢n8-term 5UPPOrt for the Vlctlms, On Wednesday 23rd September. The Carln8 Famlly Foundatlofi h05tEd on event at knnobel'5 PTlv•te member5 dub, 10 ¢elebrbte the Amaion. ia151n8 awarenes5 of current crlse5 It faces. The ent ra15ed a 5tag8erln8 amount whlch funded a joint project with The Aainfoyest Foundation US In partnership w5th the Indl8enous Countll of Roralma's Envlronrnenial Department, one of the most devastated areas In the erailllan Amaion. This projeo wlll help toward5 the fl8ht a8alnst cllmate chan8e, enhan local indl8enou5 rlght5. redure em1551on5 and to help to restore the Amazon to it5 former 8re4tne5S. In 0$nItIOn of World Mental Health Day and Intefnatlonal Day of the GSd. In ¢oll•boratlon wlth The C•rlTr8 F•rnlly foundatlon, knnabel'5, MorV5 Club and George welcomed a number of inspliatlon315peaker5 to The Clubs to discuss ènd rèlse 4wirEne55 of Important t£5 around mental heath and sorne of the ch311en8e5 faced by 8lr15 8lobalW. Speakers Included lasvlnder Sanghera of Karma NINana. ambassadors of leadln8 mental health charSty Mlnd. the Centre lor MÈntsl Health and the NSPCC. Funds were ralsod to support all three Df thecharltsble orgonlsatlons. In December 2020 we launched our Chlld Hun8ef Food from the Heèrt Cèmpal8t), wlth the alm to make a dlfferente to ihe Ilve5 of chlldren In the UK Ilvlng In p0rty. Throu8hout OecembÈr thSs new £ampal8n provlded B8,OX meals to chlldren that were 8oin8 hun8ry durin8 Chr15tma5 and contlnued Into 2021, The campal8n was born from the deslre to play a role in Ilevlatin8 the d1s•5trou5 lfflpact that the COVIO-19 pandemic has had on the ex15tln8 8rowln8 problem of child food poverty across the UK. The'Food from the Hoart, campalgn plod8ed to lÈed chSldren wlth 8 food dellvery program that wlll have a 5UStalnable Impact, In total the campalgn dellveled 140.000 meals to Chlldien In need throu8h partnershlps wlth The Fellx Prolert and Fareshère. ft1 m•n•iefflMt •nd thI9 Imp4tt As è char¥ble foundation, we regularly revlew the r15k the fDundatlon may face and Implement pollcie5 and procedure5 dos18ned to mltl8at¢ and mlnlm15e any potentlal Impxt on the Foundatlon should such r15k5 ar15e. The Foundatlon's Covld-19 rfsk m8nè8ement plan was all8ned to the èssoclated buslnessÈs rlsk mana8Èment plans. paitlculorly throughout the Milllon and One Meals campalin. Staff safety was prlorltlsed and these plans were re8ularlv r•vlewed in Ilne wlth Government advice as It was updaied, The trustee dlrettors have revlewed thÈ major rlsks to whl<h the charlty15 exposed Includlng Reputatlon, Health and safety nd Finan¢lal and 5V5tem5 have been e5tabllshed to manage those r15ks. Our trustees re8utsrly revlew and 3s5e5S the assoclated rlsk5 across all areas of the fpundations work 4n41 plan for the mana8ement ond mitigation of such risk. The foundation follows and Lrtlllses thÈ baslc prlthtlples and stratÈiles to ensure the foundatian manaBes It5 rlsk effectlvety. Trustees follow a r15k framework that allows them to Identify the major rlsks that apply to the foundatlon. make declslon Jut how to respond to the rlsks they face and make approprlète statements re8ardln8 risk mèna8ement In any relevant rep¢rtin8. Our rl$k rnana8Ement process Is tailored to the sli¢ and tomplexlty of the foulldatlon. The Tru5tee5 have consldered the effett of the Cov4d-19 outbreak. The Trustees con&der that the outbreak 15 like to cause sDme disruptlon to thp CtharliTrls a¢tlvltles but doe5 not believe that this will be Significant. The Trustees have reasonable expectation that the Charlty can contlnue as a 80in8 concern for a period of at least twefve months from the date of approval ofthese flnanclal statoments. Hn•nd•l rovlew The chartsble 8roup statement of flnanclal activities is set On Pa8e 11 aThd show5 o net accumulated deficit of the charitable group at 31 March 2021 at £271,82112020'. neticcumulated reserves of £95,4241. This is the result of the tSrnln8 of a repayment of an Irwolce to an a550clated company.
THE CARING FAMILY FOUNDATION TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 MARCH 2021 ThÈ tsutstanding dehdt Is owed to the founder's personal buslness, whlch suppurted dvrln8 the million and one meal ¢ampèign, producing meals foi thosÈ in need. All external funds ralsed for thE carnpalgn were dlrectty spent on charltable ctlvltles and the outstsndin810on$ wlll be personalty repaid. The maln a¢iknty of the 5ubsidiary CCGC Tradlng Llmited IRegistered no,. 54460791, Is thp or8an150tlon and holdln8 of fundralslng event5 lor the charlty. The wrnpany pays any taxable proflts to ils parent charity, The Caring Faml Foundation. The amount payable In sPEct Df theyear ended 31 March 2021 Is £nll12020. £nlll. Ourlng the yearthe subsidlarycornpany held no fundralsln8e¥ont5. Thv Tru5tee5 seek to retaln a prudent level of reserve5 from Unrestri¢red Incorne. The re5erve5 pcliry accords wlth the Charity Comm1s5Ion's qylddlne$ 4nd comprlse5 the followln8 two elpments.. Tv underpln the runnlng of the Foundatlon wlth three month's runnlni costs Identify those runnln8 r05t5 that wlll enab the Foundafjon to meet Its obllNadons to Staff and other 5tak?holders wh115t iemovln8 unnE¢e5Mry empendkure. Unie5trlcted reserve levels are wev4ewed annually In Ilne wlth innual plannln8 and bud8etln8 proce55 and manltored throughout th? year. The deficlt Sn the subsldl•ry company ICCGCTradln8 Llmltedl malnly irise5 frorn the Intracompany loan and Its Interest Ind other legal fees. The CarlnB Famlly Fcundatlon Intur interest charged at 1.5% above the 8)nk ol England base rate. The compènTrls miin octlvlty is the or8anlsatlon and holdlng of fvndr31sln8 events for the ¢harlty, Durin8 tle year, the 5ubsldlarycompany held no fundralsln8 events. Th15 loan wlll be repald wlthln the next financlal year. There gre no re$trl¢tions to where the charlty Invests any money not Immedlately re9tslred for Its oblects. The mana8ement of these inve5tmerbt5 15 delegated to a flnancièl expert. The investment pollcy of the tru$iee directors Is to optlmlse Inwme, whlle mltlgatln8 rlsk through a Secure inwe5tment spread and 8uaranieed tapltal repayment. Reserves wlll be alkncated durlngthe next hncIal yearln Ilne with th4 loundatlon5 reslllence requlrementsanl se¢ured •$ p4it of Mr Carin8'5 Intentlon to provldeflnanclal suppurt. Structiire4 I01n1n£4 ifid m•n•yrnqnt The Carln8 Famlty Foundatlon %Y•s inc¢rpDred on 14 January 2005 a5 3 charltable companyi re81stered number 05333148. •nd fe8istered a5 a Charftywlth thÈ Charity Cornm1551on, number 110887Q. The dlrectors of the Company are iho trust¢t$. ThÈ nurnberof dirKtors shall not be less than three. There15 no maxlmum number. Tho Found411on Is uTrder the overall control ol the dirÈttDrs. who conduct the bffalrs of the charlty. The dlrector5 meet 1¢8ularly to Set the pollc¥ and overall dlrectlafi of the Foundatlon, to revlew its plan5. rlsk mana8ernent and safeguardlni and to dlxuss the mana8Ernent olthe FoundaUon's4ffairs. The Foundatlon ha$ an open reCrument procedure for hew dlrector5 who have the approprlate 5kllls and experience to meet the need$ of thp organ15atlon. The Foundation has Implemented pollcles and procedures for the Inductlon and tralnlng of both new and exlstin8 board Members. Mr CailnB 15 the owr*r of a collection of Private Membqr5 Club5,' The Blrley Clubs and an l¢ofil¢ collecUon of london restaurants,. Caprlce Holdings, the nationwide Ivy co1ction and the national re5tsurant Bill's. The Foundatiun ha5 the ablllty to work Sn paitnership wlth these hv5pltaly è55etsto furthei the vllon and ambltlon of the Foundatlon. Manilement personnel The board of Tfustees are the kqy drlvlng force of 8o¥emance that dlre¢t and control how the Foundatlon deli¥er5 h5 MIsOn and m•na8e5 risk. trustees glve theirtimefreely and do not eWe any renumeration. The Foundatbn employ5 a consultant Katie Beechlng who started to support the 5¢rateBic dlreciion of the Foundafjon and has nce become thÈ Director for the FeundatSon later in 2021. During this perlod the foundation a150 employed two contra£tor5 who supported in dellvErln8 the FoundatlOn5 'Millbn and one Meals, tarnptyign. The staff team were supplernented 5i8nlficantly from voluntEer5. from The 8lrley Clubs and Caprlce Holdin85 restaurants during the coronavlrus
THE CARING FAMILY FOUNDATION TRUSTEES, REPORT (INCLUDING DIREoR5, REPORT) FOR THE YEAR EAIDED 31 MARCH2021 pandeml¢, who came together as a communlty to Ove thelriime, duringthe ndeM. tcs produce and dimrlbute mea15 to those in need, The trustÈes, who are also thg dlr¢ctor$ for the purpose of company law, and who ser¥ed dtsrln8 the year and up to the ¢Jate ol signature of the finandal 5tstements were.. R A Carlng M N Steinber# P Carln8 J Carln8 (Appolnted 2 February 20211 (Appolnted 7 May 20201 IRes18nEd 7 May 20201 The truste dlrectors ha¥e In5tltuted an on-8oln8 pro8ramme of iralnln8 on t1r rol¢s and responSIlIt1ÈS under charmv law. None of thetru5tee dlrectors fecelves remuner8tlon or benefit as set otst In ihe Charltvs Constrtullon. AdOr HW Flsher LLP were appolnt4d is Iudltor to the company and a re501utbn proposln8 that they be re-appolnted wlll be put 4t a General Meetinq. Disclosure of Informatlon to auditor Each ol the trustee5 has conflrmed that there Is rto Informa0 of whlch they a aware whlth Is relevant to the audtt, but of whlch the ajItor Is unaware. They have further confirmed that they hav¢ taken •pproprlate Steps to Identyfy 5urh relevani Informwion to eststyish thatthe audltor 1$ IW• of such Informatlon. Thei rt was approved tythe Board of Trusteei. RACa Trustee nq Dated:.Z<l/.o.3/1L
THE CARING FAMILY FOUNDATION STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2021 The trustees, who are also the director5 of The Carln8 Farnlly FoundatTCffj for the purpose of compary tsw, are responsible for preparing the Trustees, Report and the financlal ststefflent5 in accordance wlth applitable 13w and Llnlted Klngdom Accoun Standards IUnlt2d knn8dom Generally Accepted Accountin6 Practice). A umblnatyon of Company Law and Charity L•w require5 the tyustees to prepare financlal ststements fDr ettch flnanclal year whlch give 3 true and falr view of the state Df affalr5 of the group and parent charity and of the In¢omih8 resource5 and applic8fjon ol re50urce5, including the Income and e¥pend+ture, olthe tharitable 8roupfor that year. In Pfeparln8thesefinJndal 5tatement5, thetrtsstees requlred to.. selert $ultable accounlln8pollcles and then 3pptythem conslstently., -ob5erve the methods afid prlnclFles in the Charltfes SORP.. . make judgements and estimates that are reasonible Ind prudent,. and prepare the finndal 5tstements on th 8oID8 coThcern basls unless rt 1$ Inapproprlate to presume ihat the charhy wlll cOe In ope¢ètt¢n, The trustees are re5pDn51ble for keepln8 adeqtsate a£¢ouThn8 records that dlsclose wlth reasonable accuracy al any bme the flnanclal poslfjon ol the 8fOUP and enable thern tD en$ure that the finaneièl statements comply wlth the Companle$ Act 2006 Ind the Charitses A¢t 2011. They are also responsible fDr 5afeiuafdit)8 the assÈt5 of the Sroup and hence for taking reasonable Steps for the prevenfjan and detethon ol Iraud and otr IrregulèrlWes,
THE CARING FAMILY FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CARING FAMILY FOUNDATION aplnlr We have audited the flnanclal statements of The Carln8 Family Founda011 (the 'p3rent charity'l and its subsidiaries (the 'group'l for the year ended 31 March 2021 whlch tumprlse the statement of financial aCye5, the balance sheeL the statement of cash flows and the Thotes to the financlèl stat¢ments. including significant accounting policie5. The financSal repDrtln8 framework thèt ha5 been applled in thelr preparadort is applicable law and Unitsd Kingdom Accountkn6 Standards. including FRS 102 Tht Flftonciol Reportlng stondordopplltoble in the UKLYndRepublic ollrelond Iunlted KSngdom GenErallyAcrepted Ac¢ountln8 Pracfjcel. In our oplnlon, the financlal 5tatements'. glve i tiue and falr view of the state of the group and parent tharltable company's affalr5 a5 at 31 March 2021 and ol the group'5 incomirbg resourcesind appllcatton ol re50urte5, far the yeor then ended, hève ben properly yewred In accordance wlth Urslted Kln8dom Generally AEcepted A¢counYTr8 Pr3thce' and have been prepared In a¢cordan¢e wlth the requlrement5 of the Companles Act 20C6anLI the charle$ Act 2011. B•sls lor oplnlon We conducted our audit In accDrdance wlth International Standards on AudlUn8 IUKI IISA5 IUKII and applicable law. Our responslbSllJes under those 5tsndord5 are further descrlbed In the Atsdltors iesponslbllltles for tht wdlt Qf thefinundol srotements section of our report, We are Independet)t of the group It) ac¢ordan¢e with the ethical reqvlrements that are relevant to our audlt of the financlal ststernents In the Includln8 the FRC'S Ethical Stsndard, and we have fulfi-lled our other ethlcal respons1b1les In accNdance wlth these requlrements. We bellew that the audlt evldence we have obtalned Is sufflcleffl and apprpprllte to prode a ba515 for our oplnlon. C(lOn$111t1I to 1n¢ concern In audIn6 the flnanclal statement5, we have concluded that ihe trustEes' use of the 8oln8 corbEern basls of accounttn6 In the prepaiayon of the Ananclal statements 15 appropriate. 8a5ed on the work we have perf¢rmed, we hive nDt Identlfied any materlal uncertalnttes re?n& io e¥enis gr condIon5 thoL Indlvldually or tolle¢ttvely, mty cast $18nlficant doubt on the group's ablllty to canllnue as è Wn8 conciin for 3 peflod of at least twelve Months from when the Inanclal statements are authorlsed lor Issue. Our responslblllttes and the responsIlItIeS of the irustees wlth iespect t08oln8 cencern are descrlbed In the relevani sethons of this report. Other Intormiuon The oiher Informatlan compr15e5 the Information Included In the annu81 report other than the finanEièI statements 3nd our audltor's report thereon. The trustees are responslble for the other Informa0 contained wlthln the annual report. Our oplnlon on the hnanrial 5talement5 does not cover the other Informa0 and, except tD the extent otheiwlse expllcStly stated In our report, we do not express any form of assurance conclusion thereDn. Our responslbllity Is to read the other inforrTratlon and, doln8 50, consider whetherthe other lnfDrmoonl5 m2rially inconsSstent wlth the financial statements or our knowledge obtslned In the course of the audlt, or otherwise appea15 to be materlally rn155tated. If we identify such materlal Incons15tencies or apparent mater131 ffl1551atements, we are requlred to dettrmlne whèther th15 y)ve5 r15e to a materlal mlsstatement In t ttnanclèl Statements themselves. If, based on the work we have perforrned, we conclude that there Is a material mis5tatem¢nt of thls other Informatton, we are requlied to report that fact. We have nothin8 to report this re8ard. Qplnlws w h•1 m•tterspr•5ty1bed by the Comp•nlos Act 2006 In our oplnlon, based on the work undertaken In the course of our audlt.. the Informatton glven in thp trustees. report. which Includes the dlrectors. report prEpared for ihe purpose5 01 company law, for the finHnclal yeaT for which the financ131 statements ère prepared Is tonslstÈnt wrth the finandal statements. and the dlrectors, report Included within the trustees. report has been prepared In attord3nce with applicabl? legal requirements. Mjtters onwhlrh weare regulred w report by Excepfjon In the li8ht ol the knowledge and vnderstandlng of the group and parent charlty and thelT en¥lronment obtslned in the course of ihe audit, we have not identilied materfal mlsstatemeThts in the directors, report induded wlthln the trustees, report.
THE CARING FAMILY FOUNDATION INDEPE14DENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE CARING FAMILY FOUNDATION We hove nothing to report In respett ol the followin8 matters In relafjon to whlch the Companies P£t 2Lh)6 requlfes us to report to you if, in our opinion.. adequate accotsnting records have not been kept by the parent thèrity, or return5 adequate for our audSt he not been recelved from branches not vlslted by us., or the parent charftV'5 financial statement5 are thDt In ègreement with the accounllng re¢ords•nd returns, or certaln dlsclosure5 oltrustees, remuneiation spetified by law ale not mode., or we have not received all the Information ond explanattons we require for llur Judlt., or the trustees were Thot entrtled to prppère the rtnancial statements In accoidènce th the small Eompanle5 re8lme and take advantaBe ol the small companies, exemptlons in preparlng the trustèes, rppoit and from the requirement to prepare a 5trateglc report. Responsbbllltles oltrust••5 A5 exp131ned more fully In the Statement of trvstee5' respons1l1es, the irustees, who Jre also the directofs of ihe thèrlty lor the purpose of company law, are responsible for the preparamon of the finantlal 5tstement5 and for beln8 safjsfled that they glve a true and falr vlew, and for su¢h intern31 control as the tiusiees determlne 15 necessary to enable ihe preparaYoTh ol flnanci4151atements that ale frve from moterlal m15Statement, whether due to fraud or error. In prep8rifi8 thp finjnclal Statements. the tru5tee5 are responslble for asses51nB the charlty s ablllty tD conlnue 35 a golng concern. dlstlosln8, •s appIlbLe, matters related to gthng ncern ond uslng the 8oin8 concern bas15 of arEountlng unle55 the trustees either Intend to liquidate the charStable company or lor th• iroup to cease operafjons, or have no reall5( alternaY¥e but to do $0. Audlt•rfi mponillltle#foi th• •udtt ol the st•tsm•nts Our oblethve5 are to obtaln reasonable assurance about whether the flnanclal 5tatement$ a5 a whole are free from mateflal mlsstatement, whether due to fraud or error, and to155ue èn audltor's ieptsrt that Includes our opltlon. Reasonèble a5suronre Is a high level ol assurance bt is ntrt a guarantee that an audit conducted In accordantt wlth ISA5 IVKI wlll always lete¢t a materlèl Isstatemeni when It e¥i5t5. M155tatements can arlse from fraud or error and are considerEd materl•l if, individually or in the a8&reIe, they wuld reasonably be expected to Influence the economic dec151ons of users taken on ttte ba5 of these flnancièl ststemorbt5. IrreluarIes, Includln8 frèud, are In5tonces of non-compllance wlth laws and reBulatyons. We design procedures In Ilne with pur re5ponslbllleS, outlined above, tD detect mater131 mlsstatements In respect ol 1rre8ularleS, Includln8fr3ud. The extent to whlcfv our procedures are upable of detecdn8 Irregularle$. In¢ludln8 frayd,1s detalled below. A5 part of oui plannlng process.. We enqulred of mana8emettt the systems and controls the 8roup hès in ploce, the èrea5 of the ffinanclal statement5 that •re most suscÈpttble io the risk of Irregularllles and fraud, and whether therE wa5 any known, su5perted or illE8ed fraud. The charity dld not inform US DI any known, suspected oi alleged fraud. We obtalnpd an understsnding of the Iwl and regulatory framework5 appllcable io the aroup. We determlned that the lollowln8 were most relevant.. the Charlty SORP, FR5 102, Charlttes Act 2011, and Companle5 Act 26. We con51dered the IncenVe5 bnd Dpportunlfjes thèt txist in the qrotsp, includlng the extent of managpment bias. whlrh present a potendal for Irregulaile% and fraud tc be perpetuated, bnd tsllored our risk as5essmEnt accurdinOy. Using our knDwled8e of the 8fOUP, together with the di5cusslon5 held wlth management at the plannlng stage, we formed concluslon on the rls ol m155tatement due to Irregularities includln8 fraud ènd tailored aur procedures according to thls dsk assessment. The key procEdure5we undertook to detert brre8ularitie5 includin8 fraud durlnKthe course of theaudit included.. Identyfylng and te5Yng journal entritrs and the overall accounVnE records, In parfjtvlèr those th were Significant and unusual. Reviewingthe hnancial 5tatEfflent disclosures and determinln8 wheiher a£counYns policSes have been appropriatety applled. RevSewln8 and thallen8ingthe as5vmptions and ludgements Used by rnanagement In their aCcoUnng Esllmates. Assessin8 the extent ol compliance, oi lack of, wlth the relevant law5 and regulattons. Obtsiningthird-party Confirma0 of materi31 bank and Ican balances. Documenong and verlfvlng èll slgnthcant related party balances and transaEbons. Rpviewing documèntadun such a5 the ch3rhy board mlnutes, corre$pondeno wlth sollcltor5, for dIs¢U10n$ of irgUI1rltie5 Indudlnqfrad.
THE CARING FAMILY FOUNDATION CHARffABLE GROUP STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 Unr•5trlcted nds 2021 Remilrted Tot•1 Unrestrlcted fvnd5 2020 2011 ioii Noios Int¢)m• from.. Donatlons and le8ac185 1.825.386 100.o(xi 1.925,386 75,454 Charltablp a(tlv4lles 2.192.631 Ic)J.o 2,292,631 95,322 Nei exp•ndltur•lorthe yurl Net mo¥•men¢ In lundl 1367.2451 1367.2451 119,8681 Fund balances ai i Aprll 2020 95,424 95,424 115,292 Fund b•l•n¢•b•t 31 M•rch 1011 1271,8211 1271.8211 95,424 All ifi¢ome and expendlture deifve fvom ¢onYnuinB IcYvltte5. The ststement of hnanclal •ctyYlYes a15D complles wlth the fequlrements for an Income and eXpendIre account under the CompaniesAct 2006.
THE CARING FAMILY FOUNDATION CHARABlE GROUP AND CHARITY BALANCE SHEErs AS AT31 MARCH 2021 Charlty 2021 2020 2020 FIX •ssets Investments Current asmts Debtor5 sh at bank and In hand io 250 97,514 273,894 275,752 270.970 95.837 277,430 277,430 1549,2511 97,764 2,YO 549.646 1549.2511 366.807 2.340 .' •moyntshlNnithJe **hln one ye•1 li Net current Illabllltle5llassets 1271,8211 95.424 395 364,467 1271,8211 95,424 397 364.469 In¢ome lundi Unrestrlcted funds 1271,8211 95,424 397 364,469 1271.8211 9S,424 397 364.469 The chlrltable mpanY'S net defidtlor the year was £364,07212020.' £15.4731. The flninclal statements were approved byiheTrustees on.... R A Cèrln8 CornpaAy R4lstr•trM Nty 53Y31 12-
THE CARING FAMILY FOUNDATION CHAR ABLE GROUP sfATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021 Not•5 Cath fl(*sfrom awaiini•rtlTAths C3sh inerated fr0mllabs0ed by) operallons 179,916 119,5181 Met umd In ImiErtlni•rtt¥l¢l•i Nrt ¢•th In Iln•rKlryathM•s Nètlncr••x1deuQI> In e•thind uih e4UIlts 179,916 119,5181 ash and cash equlents * beglnnln& of year 97,514 117,032 C•ih •hd •qulTAl•rTrts •1 •ndaf yMr 277,430 97,S14 13-
THE CARING FAMILY FOUNDATION NiyfES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Actaundrf polld Qwilty Inform•tlon The Ciring Family Foundatton 15 a prhate company Ilmited by guarantee inwrporated In England and Wales. The reglsrered office 15 2&28 Conway Street, London, WIT 68Q. 1.1 Actountln8 toThenJon The flnancial statements have been prepared Sn a¢¢ordan¢e wlth the ¢h•rllV'S Memorandum Ind Artre$ tsf Asso¢latl. the Companles Act 2DJ6 and Accounfjng and RÈptrrthnB by Charthes.. Statement of Recommended Pracvce applIc3e to chaKIYes preparlngtheir aryount5 ITh Iccordance with the Financ+al Reportrn8 Standaid applicable In the UK and Republlc of Ireland (FR5 1021 leffethve l January 20191" The charlty Is a Publlc Benefit Entlty as deb.ned by FRS 102. The financlal statements are prepared Sn sterllng, whl¢h Is the fun¢iiottal currenty of the ¢h•rlty. Monetary arnount5 In these anclal ststements are rounded to the nearest £. Th25E flnancial ststements cOnlidate the result5 of the charlty and Its wholly owned subs4dSaryi CCGC Tradlng Limited, on Ilne by Ilne b3515. A separate staternent of financlal acttvlttes and Income and expendlture account a not presented IN the charlty It5ell followln8the exemptlons afforded by sethon 408 olthe Companles A¢t. The hnanclal 5tatem•nts hw• b+tn preparod under the h15torlcal cost conventlon. The prlnclpal aoUnting pollcle5 adopted •re Set out below. 1.2 tclIn At the trme of approwlng the Inanclal ststerngnts, the trustees have a reasonable expectsfjon that the charlty has adoquate resources wlth the confjnued support from Mr Cailn8 to £onfjnue In op¢rallonal exlstence for the foreseeable fviure, Thus the trustees conne to adopt the golng concern ba$ls of attounting In prepèrini the financlol stotEments. 1.3 th•rltsble knds Unre5trlcted fund5 are awallable for use at the dlscrellon of the trustees In furtheran¢¢ of thelrthèrltabl• oble¢isv¢5. Income Is reco8nlsed when the tharlty Is legally tnfjtled to It after any pErformance conditlons have been met, the arnounts c•n be measured relIab, and It Is probableth3t Income wlll be recelved. Cash dDnatson5 are Tem¥nlsed on re£elpt, cyther donafjens are C0nISed once the charlty his been Dfied of the donallon, unle55 performance condlwons requlre deferral of the amount. Income tsx reCrable In relayon todonafjons recel¥ed under Glft Ald or deeds of covEnant Is reeognised at the Nme of thE dothation. 1,5 Expofioltuve Expendl¢ure15 recognlsed when a lIalIty15 Incurred. Charltable •ttfvitlEs induded Expendrtures è550clated wlth the oblectfve5 of the charity and Include both the direct COSt5 and wpport ¢ost$ Ilncludin8 8overnance costsl relattn8 to these actyvlttes. 1.6 fash •nd egVIeI5 Cash and Ea5h eqvivalents include ush in hond, deposrf(5 held at call with banks, other 5hort-temi Ilquld Investments wlth a881 maturthe5 ofthree month50r less. 14-
THE CARING FAMILY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 A¢twhIl pollcles Icontlnuedl 1.7 FIMhdl Instryfflers The charlty ha5 elerted to apF4y the provlsions of Seclon 11 'Sasic Flnanclal Instrumen and Sethon 12 '0ther Nnanelal InstruTheThts155ues' of FRS 102 to all ol Its flnantlal Instrtsments. Financlal Instruments are recognlsed In the charlty's balance sheet when the charity becomes part¥ to the contrJ¢tual provisions of the Instrumerbt. Flnanclal assets and Ilabllltte5 are offset, wlth the net amount5 presented In the financS3l ststemen15. when there is a leÉallv enforceable right to set off the recognlsed amount5 and there Is an IntenOn to settle orb a net basis or to reallse the asset and settle the Iloblllty51multaneou5ty. Baslc financlal assets. whlch Indude d¢biors and £a5h and bank balances. 8re Initially measured * transèctron prlce Includln8 tron5athon £0sts and are subsequently carrled at arno$ed cost usin8 the pffethve interest method tsnlESS the •rran8ement constitutes a finèncln8 transbthon. where the transac00 Is mebsured at the present value of the future recpts dlseounted at rket re of Interest. Flnanclal 055etsclassified as iecelvable wlthln one year are not èmortfsed. osltflnondalllublNtles 1C fi'nanclal 1labllie$. lthdudlnl credttois and bank loèns •re Initially f•co8nlsed at transacWon prlcÈ uhle¥ the arrangement Constttutes a flnan¢lng tran5acYon, where the debt Instrument Is rnea5ured at the pre5¢nt valve of the future payments discounted at a m•rket rate of Interest. FSnanclal Ilabllltle5 cla551fled as payable wlthln one year are not amorttsed. Crlttt•l •crounllw ethm•tei and Ju•me In the applicèfjon of ihe ¢haritV'5 accoundng polltles, thÈ trustees are requlred to make judgements, esfjmate5 ènd assumpOn$ 8bout the carrylng amount of assets and li3blliYe5 that are not readlly apparent irom other sources. The esnmates and b550clated assumptrons ère basèd on h15torlcal experlence and other factors that are consldered to be relevant. Artuttl ie5uIt5 may dlffer from these esmmates. The esttmate5 and underlylttd assumptrons are revlewed on an on8oin8 ba515. Rev151ons to èccountlna esfjmates are re¢¢gn15ed In the peilod In whlth the e5trm*e Is revlsed where the revlslon ?ffect5 only that perlod. or In the perlod of the revlslon and fvture perlod$ where the revlslon affects both current and future perlods. The trv5tee5 do not beIve that any ¢rlfjc•l a¢rountyn8estlmates or lud8ements have been made. Unrertrftted lunds trlrted funds Tot•1 Llnrestri¢tpd nds 2021 2020 Donallons and 8lfts 1.825,386 ioo.thj 1,925,386 75,454 15-
THE CARING FAMILY FOUNDATION N(yfES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Ch•rltsble Id111•5 2021 Pro¥lOon of meals 1.823.478 Grantlundihi of ath]e5 (see note 5 308,744 60,fXYJ Share of support Costs (see note 61 Share of 8overnance costs (see note 61 141,909 18,50D 31.832 2.490 2.291,631 95,322 Anily¥i byfvnd Unrestricted funds Restrlcted funds 2.192.631 ioo.(JJ) 95,322 1.292.631 95.322 IlrantspJy•bl• 2020 Gr8nts to Insftulons.. Chayn Womefi$ Aid 8SWA Wadham Jersey Llrnlted fl010pe The Halo Prol¢¢t Karma Nlrvana Rlchmond Borou8h Mlnd Centrefor Mental Health UCL Oe¥elopment Fund NaTha1 StsEiety forthe P¢evenYon of Cruelty to Chlldren Instrtuto Para O DesErwdvl Ralnforest Found3trM Inc Save thechlldren Tlkva other 39,000 39,000 39.OOJ 25,QCbJ 22,624 8,650 8.650 2,850 2,850 11.860 ioo,DJo lo.(} 3,660 308.744 16-
THE CARING FAMILY FOUNDATION NiyfES TO THE FINANCIAL sfATEMENTS {coMfiNUED) FOR THE YEAR ENDED 31 MARCH2021 sport CQSt5 S¥port Costs Gov•rTran(• 5ts 1011 Support costs efnance 2020 costs Legal and profe5s1onal 141.909 141,909 32,832 32.832 Audit fee5 IndependÈnt Examlnavon IB,5C(I IB,5OJ 2,490 2.490 141.909 18,5LKI 160,409 32.832 1,490 35,322 Analysed bÈtween Chailtsble athlfjes 141.9Jg 18,50J 160,409 32,832 1,490 35,322 Governante costs Includes payrnents to the auditors 01 £18,5001202fy £nlll for audlt lees. In the prevlous year £2,490 wa5 pald to the It)dependent examiner for Independent examlrbadon fe05. Truit••i NNe of the trustees lor p•vson$ ¢wthe¢ted wlth theml recelved •ny remUneraon or benefits fiom the eharlty durlngtht ar. Employees Ther¢ wlre Tho employees durln8 ihe year. Subddtsrl•s Dptslls of the ch•rlty'5 5ub51dlary at 31 March 2021 are as follow5.. N•me of undertskl R•ilst•r•d Nawre olbuslmii Cl•ii of th•r•s hqld Dhrt Indlr•¢i CCGCTradln8 Llmlted England and Wales Fundfalslng and e%*nt holdlnR campanv Ordlnary Iw.00 io Oabto Gro 2011 Charlty 2021 2020 2020 AM$ tslllw du•wlthln oneyear: Amounts owed by subsldlary undertbkin8S Other debtor5 273,B94 170.720 250 250 2SO 273,894 270,970 The amout)ts due from the charlty's subsldlary undert•kln8, CCGC Trading knmlted, Incvr Interest at 1.5% above the Bank of England base rate. they are è150 8uarènteed by R. A. Carsng. Thls has been pèld back by the date these financial 5tsternentS have been approved. 17
THE CARING FAMILY FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 11 tsediiors- f•lllni duE wfthlfi ye•r 6voup 1021 Charfty 1021 1020 ioio Trade creditors AEcruals and deferred income 527,091 22.160 527,091 22.160 2.340 2.340 549,251 2,340 549.251 2,140 Trède credltors relateto ¢utstandln8 paymentstoth£ founder's personal buslness for the of meals. R•strlrt•d fund5 The Income funds ol the charlty Include re5tr1cted funds comprislng the followln8 unexpendeo balances of donattons 8fints held on trustfor spe¢lflc purp05es'. Mowm•ntln funds 0•1•n it IAprfl 2010 bil•Trre4t expeThd 31 Mii£h 2Q21 rthourc Ralnfore5t Foundadon Inc IDJ.o 1100.cwi Restrlcted funds ielate to a donatton provlded by Mr. Carln8whlch wa5 glven dlrecttya5 è grant to Ralnforest Foundatton Inc. R•l•t•LI p•rtytr4nS•dlons The Carlng Famlty Foundafjon rÈceived a donatton of £ioo,rix)frorn Mr. Carln8 th15 yeai12020- nlll. Addltyonallyi for thelr programme of provlding meals durln8 Covld-19, The Caring Family Found3tton expensed £1,8m to restaurants owned b¥ Mr. CarSn812020'. n511. Of this èmuunt, £527,091 was owlng at the year end. A5 at tho date these flnanclal statements have been approved th15 Jrnounl15 Stlll out5tandlng. Sh i•fi•w•t•d Irom oper•tlons 2021 Oeficitlor theyear 1367,2451 119,8681 Movements Ih wDrking¢apltal.. Decrease In debtors Inuease In credltors 250 2L¥J 150 546.911 C•shKqnerJ¢ed frgmllabsorbed by) ¢>perJUons 179.916 119,5181 15 Anaty51sofchni•s In fvnds The charlty had no debt durlngtheyear. 18-