**Company registration number: 05418543 Charity registration number: 1111235**
**ANNUAL REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022**
1
|CONTENTS||
|---|---|
|Charity Information|3|
|Report of Trustees|7|
|Independent Examiner’s Report|16|
|Statement of Financial Activities|17|
|Balance Sheet|18|
|Notes to the Accounts|19|
2
|Charity information||
|---|---|
|Company registration number:|05418543|
|Charity registration number:|1111235|
|Address:|Evelyn House|
||Mickleham Way|
||New Addington|
||Croydon|
||CR0 0PN|
|Directors and Charity Trustees:|Carole Short (Chair)|
||Folake Segun (Vice Chair)|
||Christopher Mills|
||Anita Jolly|
||Alexandra Kent|
|Accountants:|Tax Return Adviser Ltd|
||Nower End, Nower Road|
||Dorking, Surrey RH4 3BX|
|Bankers:|Lloyds Bank|
||125 Balham High Street|
||Balham|
||SW12 9AT|
GOOD FOOD MATTERS ARE A LONDON LIVING WAGE EMPLOYER
3
## Structure Governance and Management
Good Food Matters is a charitable company limited by guarantee, governed by the Memorandum and Articles, incorporated on 8 April 2005 and registered as Good Food Matters under registration number 1111235 and company number 05418543.
## Liability of Members
The charitable company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Trustees are directors for the purposes of the Companies Act and Trustees for the purposes of the Charities Act. They are also the members.
## Appointment of Directors (who are also Trustees)
Under the requirements of the Memorandum and Articles of Association members of the Trustee Board are elected to serve from their appointment until the next AGM. At each annual general meeting one‐third of the Directors or the nearest multiple of three must retire from office. They can offer themselves for re‐election at the next Annual General Meeting.
The Memorandum & Articles of Association allow continuing trustees to appoint additional trustees.
## Trustee Recruitment, Induction and Training
## Good Food Matters (GFM) have an open recruitment process.
Those who apply are asked to complete an application form. Once received, the Chair will have an informal chat then invite them to meet some of the Board and the CEO to access suitability. If agreed they will then be appointed to the Board
4
subject to references and checks according to our Memorandum and Articles of Association.
Candidates are asked to consider and declare any existing or potential conflicts of interest (including with related parties). As GFM works with children, young people, and vulnerable people a DBS (Disclosure and Barring) check will be required for those who come in contact with these groups. In the light of the checks and declarations being satisfactory, the proposed Trustees will go forward for appointment.
All relevant parties such as funders, the charity's accountants are notified of the new appointments. There is no formal training programme for newly appointed trustees.
## Board Meetings
The Board has a quarterly meeting format with additional meetings where necessary. Further support to the management team is provided in writing and through meetings with the Chair.
The challenge for the staff and Board is to keep the Centre up and running in accordance with GFM's aims and objectives. Our priority in the New Year will be to develop a strategy and business plan to ensure sustainability.
## Responsibilities of the Board
The Trustees (who are also the Directors) are responsible for preparing the Trustees' Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.
5
In preparing these financial statements, the trustees are required to:
- Select suitable accounting policies and then apply them consistently
- Observe the methods and principles in the Charities SORP
- Make judgments and estimates that are reasonable and produce
- State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006.
They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the Trustees are aware:
- There is no relevant financial information of which the charitable company's Independent Examiner is unaware.
- The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the Independent Examiner is aware of that information.
6
## Objectives
Our charitable objects are to:
- Advance the education of the public about cooking and growing healthy food.
- Support disadvantaged young people and their families to build healthier lifestyles, focusing on those facing lack of achievement at school, exclusion in care, leaving care, young careers, young homeless, young people with learning disabilities/autism, young ex‐offenders or children at risk of anti‐social behaviour, teenage mums, young refugees and all those involved in teaching or providing nutrition to any of these groups in the UK.
- Encourage the development of healthier lifestyles through the provision of practical training, education, info to be aware and support on nutrition, health and well‐being to ensure said people develop more positive attitudes to health and are equipped to make more informed health and dietary choices leading to an improvement in their quality of life.
## Good Food For All
## Our mission is simple – provide the space, knowledge, and support to help our community grow, cook and . enjoy nutritious food
7
## CHAIRS REPORT
I cannot thank the staff and volunteers enough who have supported Good Food Matters during the past year.
Amanda has faced some difficult situations with funding during the past few months and without her sheer determination the organisation would have been in great difficulty. I want to record my thanks to her for her loyalty and amazing ability to resolve difficult issues. She continues to lead the team steering a course through troubled waters whilst delivering the Young Londoners schools outreach program and very ably supported by Angela our Community Kitchen Manager who keeps connected with all our volunteers and learners , whilst managing the complex ESF program and Ernesto who as always works exceptionally hard in the garden keeping everything growing and managing the site. We could not do it without our amazing volunteers such as Colin who manages the corporate events and Donna who supports the summer programs and many more!
Somehow the charity, with its supporters, managed to keep turning, and we are proud that they served the local community, responding to need swiftly and with compassion. It has highlighted what a great asset Good Food Matters is to the local community and indeed the whole borough in these times of extreme need. We look ahead to the coming year recognising that times continue to be very challenging locally with the impact of Croydon Council's financial pressures but also nationally as we all compete for funding to keep going.
Thanks also to my fellow trustees, for their continued support.
## CAROLE SHORT, CHAIR
8
DIRECTORS REPORT Hello again,
I feel proud this year that we survived as many charities sadly did not. The repercussions of COVID, recession and other major changes continue to impact the economy and the third sector and here in New Addington survival matters.
I am so grateful for my amazing staff team Angela and Ernesto who we couldn’t do with out and the core volunteers and trustees who make running the charity though a challenge such a privilege. Colin as always is amazing as our liaison for Corporate Volunteering and has developed some amazing connections which is demonstrated in our repeat bookings. This generates both unrestricted funds and much needed support on site managing the grounds. This is an area we are keen to develop more in the future.
Our MENSHED this year received funding through the CCG and we were able to recruit a new member to the team, albeit 1 day per week but we welcomed Ben Elliott Asur into the Good Food Matters core staff team and he brings much wisdom and is very strong in his community outreach work.
The local organisations in New Addington work so well together. In a hyper competitive 3rd sector New Addington is an Oasis of harmony where we just all get on with it but can pick up the phone to share or ask for help agilely responding to local need.
Croydon's continuing financial challenges, we continue to look out of borough for funding, support and partnership working across our themes of work
## HEALTH WELLBEING ENVIROMENT COMMUNITY
Amanda McGrath – GOOD FOOD MATTERS
9
Activities, Achievements and Performance
## ESF
We ran 6 FIELD TO FORK ESF community cooking and gardening COURSES This was one of our most challenging contracts to deliver because of the impact of COVID and challenges around onerous evidence criteria.
## MENSHED
The CCG awarded us continuation funding for our MH work as the only MENSHED in Croydon, offering weekly sessions in the community and a safe space for me to meet, be active and enjoy outside space and a warm meal and conversation.
## Young Londoners Program
This program continues to develop positively for the young people involved after a very slow start. We worked in three schools and one home education area plus running school holiday provision also – reaching over 115 Croydon children offering diversionary nature based, food growing and nature‐based activities.
## HAF
We have run FREE targeted summer camps at GFM since 2016 this year we ran at Easter, summer and Christmas with a October half term fun day also.
Community food growing – sponsored by Croydon Rotary Jubilee
10
- 2 community allotments created and run by the community – these include a local Home Educated group who run STEM sessions via this amazing resource and a local group who are managing their long term health conditions through gardening cooking and other therapeutic activities.
- COVID conversations – funding to offer safe space to meet and discuss COVID and vaccine questions including hesitancy.
- Knowledge and Practice – BL funded healthy cooking sessions
- Cookery Work shops for Salvation Army
- STEM – Home Education program
- BME forum
- Health and Wellbeing board ‐our MD is co‐chair of this steering board that leads on related health matters
- Community Action – offering Groundworks Community actions through volunteering on site
## SHARED COMMUNITY RESOURCE
Our amazing partners also utilise our amazing centre ensuring maximum usage of the building and grounds these include:‐
- CALAT – who run weekly SEN adult cooking and food growing accredited courses
- SALVATION ARMY – OASIS elders’ group
- BLACK FATHERS SUPPORT GROUP
- Knowledge and Practice – Education al support, HAF Summer Camps and young MasterChef sessions
- GoWild – nature‐based activities
11
Corporate Volunteering
## COMMUNITY PARTNERS
We continue to work closely at a micro level in New Addington with the Family centre, play place, Salvation Army, NARA, Centre for Change and of course Pathfinders but more broadly pan Croydon and further with CVA, BME Forum, Croydon Diabetes, Knowledge and Practice, ASBO media, BlueTouch consultancy
## FUNDERS
- CROYDON ROTARY JUBILEE
- CROYDON ROTARY CLUB
12
CORPORATE PARTNERS AND DONORS
A huge thank you to all that help support us in 2021 to 2022
Lexis Nexis Business Volunteers Frontiers Discovery Trinity school Accenture
VOLUNTEER HOURS
‐ 450 CORPORATE HOURS
‐ 1600 COMMUNITY VOLS
13
## RISK AND MANAGEMENT
The Board monitors risk regularly to ensure that action is taken or systems are in place to manage identified areas of risk. GFM continues to review its procedures and policies to ensure that they are consistent with best practices.
The charity focuses on the following major areas of risk:
Future Funding: financial sustainability is the most significant risk and much management and trustee time is devoted to developing a pipeline of future funding.
Financial Control: Management are asked to produce regular and detailed financial statements.
Fire Risk: We have a fire alarm system, a fire system contact in place to check alarms and extinguishers bi‐annually in line with guidance and a Fire Risk Assessment that's reviewed annually or sooner as required.
Health and Safety: The premises have the required standard of level of hygiene needed to sustain the current usage of the premises. Health and Safety is on each Board agenda to ensure that all aspects are considered (including work in the garden and with machinery). Our Health and Safety policy including COSHH is reviewed annually.
Disclosure and Barring Checks: volunteers, staff and those trustees who are in contact with service users are subject to periodic enhanced DBS checks.
Staff and Volunteer Training: All staff and volunteers are properly trained, and a new appraisal system is in place. Staff are all first aid and MH first aid trained. New polices for Modern Slavery and Menopause were approved by the board.
14
Safeguarding: Proper procedures and controls are in place to be able to identify and action instances of alleged or suspected abuse that comes to the attention of Good Food Matters. A key element of the procedures of the on‐going annual training of all Trustees, Staff, and Volunteers in the Safeguarding and Protection of Young People.
COVID safety is a priority and Good Food Matters manage a Covid safe working practice partly due to our strong food hygiene and outdoor hygiene management.
Reserves The reserves policy is reviewed regularly by the Board of Trustees. The fixed assets are written off over the period of the Lease, over 10 years on the land at Mickleham Way.
Financial Review The financial statements have been presented in a format to comply with both company and charity law. The income for the year ended 31 March 2022 was £76,475 compared to the previous year of £76,490. Total expenditure after depreciation of fixed assets was £128,436 (2021: £121,603) leaving a deficit of £51,960 (2020: (£45,113)).
## Declaration
The Directors (who are also Trustees) declare that they have approved the Trustees' report above.
Signed on behalf of the charity’s Directors and Trustees
Name: CAROLE SHORT Position: CHAIR Date:
FOLAKE SEGUN VICE CHAIR
15
## Independent examiner's report on the accounts
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 March 2022.
## Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached.
Signed: _S H Freedman_ Date:
Simone H Freedman Chartered Tax Adviser Tax Return Adviser Limited Nower End, Nower Road, Dorking, Surrey RH4 3BX
16
## Statement of Financial Activities
|Statement of Financial Activities||||
|---|---|---|---|
|**Incoming resources (Note 2)**
**Income and endowments from:**
Donations and legacies
Grants
Fee income
Other income
**Resources expended (Note 3)**
**Expenditure on:**
Charitable activities
**_Reconciliation of funds:_**
**_Total_**
**_Net movement in funds_**
Total funds brought forw ard
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) before**
**investment gains/(losses)**
**Net income/(expenditure)**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**£**
**£**
2,021
-
-
43,756
-
-
30,699
-
32,720
43,756
56,528
71,908
56,528
71,908
23,808
-
28,152
-
23,808
-
28,152
-
23,808
-
28,152
-
22,848
-
109,628
**46,656**
**-**
**81,476**|**Total funds**
**£**
2,021
43,756
-
30,699
76,475
128,436|**Prior year**
**funds**
**£**
3,141
42,760
-
30,589|
||||76,490|
||||121,603|
|||128,436|121,603|
|||51,960
-
51,960
-
51,960
-
86,780
**34,820**|45,113
-|
||||45,113
-|
||||45,113
-
131,893|
||||**86,780**|
The net outgoing resources for the year arise from the Company's continuing operation.
No separate Statement of Total Recognised Gains and Losses has been presented as all such gains and losses have been dealt with in the Statement of Financial Activities.
Movements in funds are disclosed in Note 8 to the Financial Statements.
17
## Balance Sheet on 31 March 2021
|**Fixed assets**
**Tangible assets (Note 6)**
**Current assets**
**Cash at bank and in hand**
**Creditors: amounts falling due**
**within one year (Note 7)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Restricted income funds (Note 2)**
**Unrestricted funds**
**_Total funds_**|**Unrestricted**
**funds**
**£**
58,565|
**Restricted**
**income**
**funds**
**£**
-
-
-
-
-
81,476
**81,476**|**Total this**
**year**
**Total last**
**year**
**£**
**£**
58,565
115,093
-
-
23,746
28,313
-23,746
-28,313
34,820
86,780
**34,820**
**86,780**
81,476
109,628
- 46,656
- 22,848
**34,820**
**86,780**|
|---|---|---|---|
||23,746|||
||-23,746|||
||34,820|||
||**34,820**
- 46,656|||
||**- 46,656**|||
18
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
## 1. ACCOUNTING POLICIES
## 1.1 BASIS OF PREPARATION OF ACCOUNTS
The financial statements are prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities, Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective January 2015) and with the requirements of the Charities act 2011 and the Companies Act 2006.
## 1.2 FUND ACCOUNTING
Unrestricted Funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.
Restricted Funds are subject to restrictions on their expenditure imposed by the donor or through the terms of a grant.
## 1.3 INCOME
Income is recognised in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to categories of income. Voluntary Income by way of donations and grants are included in the statement of financial activities on a receivable basis when evidence exists to confirm the certainty of receipt.
## 1.4 EXPENDITURE
Expenditure is included on an accruals basis and includes VAT because the charity is not registered for VAT. It also includes depreciation on the tangible assets of the charity. Resources expended are recognised in the period in which they are incurred. They are allocated to the activity where the costs relate directly to that activity. Governance costs comprise costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory audit and legal fees.
19
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (Cont’d)
1.6 TANGIBLE FIXED ASSETS
All fixed assets are depreciated over the 10‐year lease of the land on a straight‐ line basis. The rate of depreciation is calculated to write off the cost less estimated residual value of each asset over its expected useful life.
1.7 TRANSFERS BETWEEN FUNDS
Trustees have the authority to transfer amounts out of the unrestricted fund into the restricted fund when required.
1.8 RESERVES
The charity's accounting policy is to develop an operating surplus to maintain three months running costs in unrestricted reserves.
20
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (Cont’d)
## **2. Analysis of income**
|**Donations:**
**Grants:**
**TOTAL**
**Other**
**trading**
**activities:**
**Income from**
**investments:**
**Separate**
**material item**
**of income:**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**Prior year**
**£**
**£**
Donations
2,021-
2,021 3,141
**Total** 2,021 -
2,021 3,141
Croydon Council
- 43,756
43,756 42,760
London learning consortium
2,706 -
2,706 5,898
Other
2,000 -
2,000 1,000
NHS South West London
10,000 -
10,000 1,783
**Total** 14,706 43,756
58,461 51,441
**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**Prior year**
**£**
**£**
Donations
2,021-
2,021 3,141
**Total** 2,021 -
2,021 3,141
Croydon Council
- 43,756
43,756 42,760
London learning consortium
2,706 -
2,706 5,898
Other
2,000 -
2,000 1,000
NHS South West London
10,000 -
10,000 1,783
**Total** 14,706 43,756
58,461 51,441
**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**Prior year**
**£**
**£**
Donations
2,021-
2,021 3,141
**Total** 2,021 -
2,021 3,141
Croydon Council
- 43,756
43,756 42,760
London learning consortium
2,706 -
2,706 5,898
Other
2,000 -
2,000 1,000
NHS South West London
10,000 -
10,000 1,783
**Total** 14,706 43,756
58,461 51,441
**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**Prior year**
**£**
**£**
Donations
2,021-
2,021 3,141
**Total** 2,021 -
2,021 3,141
Croydon Council
- 43,756
43,756 42,760
London learning consortium
2,706 -
2,706 5,898
Other
2,000 -
2,000 1,000
NHS South West London
10,000 -
10,000 1,783
**Total** 14,706 43,756
58,461 51,441
**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**Prior year**
**£**
**£**
Donations
2,021-
2,021 3,141
**Total** 2,021 -
2,021 3,141
Croydon Council
- 43,756
43,756 42,760
London learning consortium
2,706 -
2,706 5,898
Other
2,000 -
2,000 1,000
NHS South West London
10,000 -
10,000 1,783
**Total** 14,706 43,756
58,461 51,441
**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**Prior year**
**£**
**£**
Donations
2,021-
2,021 3,141
**Total** 2,021 -
2,021 3,141
Croydon Council
- 43,756
43,756 42,760
London learning consortium
2,706 -
2,706 5,898
Other
2,000 -
2,000 1,000
NHS South West London
10,000 -
10,000 1,783
**Total** 14,706 43,756
58,461 51,441
**Analysis**|
|---|---|---|---|---|---|---|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||Other|-|-|-|-|-|
||**Total**|-|-|-|-|-|
||||||||
||Interest income|-|-|-|-|-|
||Dividend income|-|-|-|-|-|
||Rental and leasing income|1,997|-|-|1,997|4,133|
||Other|13,996|-|-|13,996|17,775|
||**Total**|15,993|-|-|15,993|21,908|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||**Total**|-|-|-|-|-|
||||||||
||Conversion of endowment funds into
income
|-|-|-|-|-|
||Gain on disposal of a tangible fixed asset
held for charity's own use|-|-|-|-|-|
||Gain on disposal of a programme related
investment|-|-|-|-|-|
||Royalties from the exploitation of intellectual
property rights|-|-|-|-|-|
||Other|-|-|-|-|-|
||**Total**|-|-|-|-|-|
||||||||
|||32,720|43,756|-|76,475|76,490|
21
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (Cont’d)
## **3. Analysis of expenditure**
|||||**Restricted**|||
|---|---|---|---|---|---|---|
||||**Unrestricted**|**income**|||
||||**funds**|**funds**|**Total funds**|**Prior year**|
|||**Analysis**|||**£**|**£**|
|**Expenditure on**|Building - other project costs||-|-|-|-|
|**charitable**|Grants made||-|-|-|-|
|**activities**|Volunteer expenses||-|-|-|-|
||Insurance||-|2,901|2,901|2,130|
||Staff costs||-|49,140|49,140|45,032|
||Administration salary||-|-|-|-|
||Tutor fees/sessional worker||-|2,933|2,933|2,584|
||Bank charges||-|1,169|1,169|1,515|
||Sundry||-|-|-|109|
||Depreciation||56,528|-|56,528|56,528|
||Light & heat||-|3,861|3,861|2,965|
||Water rates||-|1,027|1,027|-|
||Telephone||-|2,176|2,176|2,201|
||Cleaning||-|1,203|1,203|153|
||Repairs and renewals||-|1,854|1,854|1,088|
||Grocery costs||-|828|828|2,855|
||Kitchen repairs and renewals||-|-|-|229|
||Garden repairs and renewals||-|-|-|570|
||IT, software and maintenance||-|229|229|160|
||Stationery||-|-|-|362|
||Pensions||-|2,036|2,036|2,117|
||Professional fees||-|797|797|658|
||Travel||-|1,754|1,754|347|
||**Total expenditure on raising funds**||56,528|71,908|128,436|121,603|
## **4. Governance costs**
## **Independent examiner’s fees**
|**This year**|**Last year**|
|---|---|
|**£**|**£**|
|636|618|
## **5. Staff costs**
|||**This year**|**This year**|**Last year**|
|---|---|---|---|---|
|||**£**||**£**|
|**Salaries and wages**|||49,140|45,032|
|**Pension costs (defined contribution scheme)**|||2,036|2,117|
||
**Total staff costs**||51,175|47,149|
22
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (Cont’d)
The monthly average number of employees during the year was 3 (2021: 3). No employee received remuneration amounting to more than £60,000 in either year.
No Trustee received any remuneration during the year (2021: Nil) and no Trustee received reimbursed expenses (2021: Nil).
## **6. Tangible fixed assets**
## **6.1 Cost or valuation**
|**6.1 Cost or valuation**|||||||
|---|---|---|---|---|---|---|
||**Leasehold**|**Ground**|**Greenhouses**|**Kitchen**
**Furniture**|**Equipment**|**Total**|
||**premises**|**improvement**||**fixtures and**|||
|||**costs**||**fittings**|||
||**£**|**£**|**£**|**£**
**£**|**£**|**£**|
|At the beginning of
|408,485|87,416|31,952|24,820 3,000|9,606|565,279|
|the year|||||||
|Additions
|-|-|-|- -|-|-|
|Revaluations
|-|-|-|- -|-|-|
|Disposals
|-|-|-|- -|-|-|
|At end of the year
|408,485|87,416|31,952|24,820 3,000|9,606|565,279|
|**6.2 Depreciation and**|**impairments**||||||
|**Basis**|SL|SL|SL|SL
SL|SL||
|**Rate**|10%|10%|10%|10%
10%|10%||
|At beginning of the
|326,788|68,679|25,560|19,487 2,400|7,272|450,186|
|year|||||||
|Disposals
|-|-|-|- -|-|-|
|Depreciation
|40,849|8,742|3,195|2,482 300|960|56,528|
|Impairment
|-|-|-|- -|-|-|
|At end of the year
|367,637|77,421|28,755|21,969 2,700|8,232|506,714|
|**6.3 Net book value**|||||||
|Net book value at the
|81,697|18,737|6,392|5,333 600|2,334|115,093|
|beginning of the year|||||||
|Net book value at the
|**40,848**|**9,995**|**3,197**|**2,851 300**|**1,374**|**58,565**|
|end of the year|||||||
23
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 (Cont’d)
## **7. Creditors and accruals**
|**This year**
**Last year**
**£**
**£**
**Accruals for grants payable**
20,153 25,044
**Bank loans and overdrafts**
- -
**Trade creditors**
2,956
2,754
**Payments received on account for contracts or**
**performance-related grants**
- -
**Accruals and deferred income**
636 515
**Taxation and social security**
- -
**Other creditors**
- -
**Total** 23,746 28,313
**Amounts falling due**
**within one year**
**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
Restricted funds
90,682 43,756 - 71,908 - - 62,530
Unrestricted funds
3,902 32,720-56,528- - -19,906
**Total Funds**
94,584 76,475 - 128,436 - - 42,624
**Fund names**
**8. Movement in funds**|**This year**
**Last year**
**£**
**£**
**Accruals for grants payable**
20,153 25,044
**Bank loans and overdrafts**
- -
**Trade creditors**
2,956
2,754
**Payments received on account for contracts or**
**performance-related grants**
- -
**Accruals and deferred income**
636 515
**Taxation and social security**
- -
**Other creditors**
- -
**Total** 23,746 28,313
**Amounts falling due**
**within one year**
**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
Restricted funds
90,682 43,756 - 71,908 - - 62,530
Unrestricted funds
3,902 32,720-56,528- - -19,906
**Total Funds**
94,584 76,475 - 128,436 - - 42,624
**Fund names**
**8. Movement in funds**|**This year**
**Last year**
**£**
**£**
**Accruals for grants payable**
20,153 25,044
**Bank loans and overdrafts**
- -
**Trade creditors**
2,956
2,754
**Payments received on account for contracts or**
**performance-related grants**
- -
**Accruals and deferred income**
636 515
**Taxation and social security**
- -
**Other creditors**
- -
**Total** 23,746 28,313
**Amounts falling due**
**within one year**
**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
Restricted funds
90,682 43,756 - 71,908 - - 62,530
Unrestricted funds
3,902 32,720-56,528- - -19,906
**Total Funds**
94,584 76,475 - 128,436 - - 42,624
**Fund names**
**8. Movement in funds**|
|---|---|---|
||94,584|76,475 - 128,436 - - 42,624|
## 9. Taxation
Good Food Matters is a registered charity and as such its income and gains falling within Sections 471 to 489 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 are exempt from corporation tax to the extent that they are applied to its chargeable objectives.
24
GOOD FOOD MATTERS
25