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2021-12-31-accounts

REGISTERED COMPANY NUMBER: 05537293 (England and Wales) REGISTERED CHARITY NUMBER: 1112955

Financial Statements for the Year Ended 31 December 2021

for

Feed The Hungry, UK

The Rowleys Partnership Ltd Statutory Auditors Chartered Accountants Charnwood House Harcourt Way Meridian Business Park Leicester Leicestershire LE19 1WP

Feed The Hungry, UK

Contents of the Financial Statements for the Year Ended 31 December 2021

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 8
Report of the Independent Auditors 9 to 12
Statement of Financial Activities 13
Balance Sheet 14
Cash Flow Statement 15
Notes to the Cash Flow Statement 16
Notes to the Financial Statements 17 to 31

Feed The Hungry, UK

Reference and Administrative Details for the Year Ended 31 December 2021

TRUSTEES S Radelich President Of Feed The Hungry USA
Reverend G J Weston Clergyman (resigned 3.11.21)
N J Roberts Director
A J Richardson Director
J O Garande Solicitor
Mrs S T Garande Pastor
Mrs S Goodchild Director (appointed 3.11.21)
M Goodchild Director (appointed 3.11.21)
Mrs A Connor Director (appointed 3.11.21)
MANAGEMENT Mr G Williams National & International Director
Mr G Kibble Regional Operations Director
REGISTERED OFFICE Halo Centre
5 Progress Way
Binley
Coventry
CV3 2NT
REGISTERED COMPANY NUMBER05537293 (England and Wales)
REGISTERED CHARITY NUMBER1112955

INDEPENDENT AUDITORS The Rowleys Partnership Ltd Statutory Auditors Chartered Accountants Charnwood House Harcourt Way Meridian Business Park Leicester Leicestershire LE19 1WP

Page 1

Feed The Hungry, UK

Report of the Trustees for the Year Ended 31 December 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's governing document, Companies Act 2006, Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

OBJECTIVES AND ACTIVITIES Objectives and aims

The objectives of the charity are:

To relieve poverty and the distress caused thereby, including but not by way of limitation through the gathering and distribution of food, clothing, medical supplies and relief items in local communities in such parts of the world as the Trustees may from time to time think fit.

To advance the Christian faith in such parts of the world as the Trustees may from time to time think fit and other such purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the Charity.

OBJECTIVES AND ACTIVITIES Significant activities The Vision that shapes our annual activities are:

The strategies employed to achieve the Charity's aims and objectives are:

Page 2

Feed The Hungry, UK

Report of the Trustees for the Year Ended 31 December 2021

Main Activities During the Year

On the 1st February, 2021 Feed the Hungry took over the operational responsibility for Coventry foodbank from the Trussell Trust. Coventry foodbank is one of the largest foodbanks in the UK providing food sufficient to feed over 25,000 people per annum. The foodbank operation includes a 25,000 sq. ft. leased warehouse in Coventry ("the Halo Centre") which has been redeveloped to allow the redistribution of humanitarian aid and an events space to allow large scale pick and pack events. Together this new infrastructure has allowed for a rapid expansion of operations in both the UK and Internationally.

International Programmes

Feed the Hungry continued to supply shipments of humanitarian aid to Romania, Albania, Burkina Faso, Zimbabwe and Lebanon as examples. In addition, it provided financial assistance to Soweto Academy in Kenya, farming programmes in Uganda and Zambia and feeding programmes in Nepal. 14 new wells were dug in Nepal, an orphanage for 60 children was built in Uganda and a school was opened in Zambia.

Our international programmes also include outreach and evangelism to children and churches around the world.

UK Programmes:

In addition to the work of Coventry foodbank, Feed the Hungry was involved in large scale packing programmes as part of the Holiday Activity and Food Programmes initiated by Coventry City Council. Coventry foodbank also marked 10 years of operation with a civic event at the Halo Centre and its founder Gavin Kibble received an MBE in the Queen’s Birthday Honours List.

OBJECTIVES AND ACTIVITIES

Feed the Hungry has actively engaged with businesses, schools and other organisations. This has been very successful with the development of upstairs training and conference facilities for use by local businesses and training providers. There has also been a significant level of engagement with local businesses for pick and pack events at the Halo Centre.

Despite the pandemic we were still able to function from our warehouse in Hinckley to support emergency food aid across Leicestershire and Warwickshire.

Public benefit

In shaping our objectives for the year and planning our activities the Trustees have considered the Charity Commission guidance on public benefit including the guidance "Public Benefit: Running a Charity (PB2)". The Charity relies on donations, both financial and Gifts in Kind, to cover its operating costs and to provide the food and other goods to the end beneficiaries. The public benefit is to the people who live in areas where hunger occurs due to famine, conflict, natural disasters or poverty, be that in the UK, Europe, Africa or other areas of the world.

Page 3

Feed The Hungry, UK

Report of the Trustees for the Year Ended 31 December 2021

STRATEGIC REPORT Financial review

Income from donations have seen an increase from £865,452 in 2020 to £1,768,542 in 2021 due to the merger with Coventry foodbank. Overall income increased to £2,273,746 (2020 : £924,926) and surplus for the year increased to £319,536 (2020 : £81,643)

Internationally Gifts in Kind consists of packed meals, clothing, medical and school supplies which are then shipped to our various project sites for distribution to those in need. The cost of shipping this has increased disproportionately during the year. In the UK food donations to Coventry foodbank also increased the level of Gift in Kind significantly.

Reserves policy

In addition, whilst the Trustees have, in the past stated that their aim was to maintain minimum reserves in order to keep a contingency fund in the bank to cover the ongoing operational costs of the Charity, it is now recognised that the increase in commitments in recent years require a Reserve Policy. This was established in 2018 and the reserve fund was being increased, at a manageable rate, to reach minimal acceptable reserves.

It is the aim of the Trustees to hold in general reserves sufficient cash to equate to one months' running costs plus an additional month of salary costs.

At the yearend, free reserves, being unrestricted funds of £348,950 less fixed assets of £40,976, totalled £307,974 (2020: £108,364).

Funding future plans

In the current financial climate, it is clear that Feed The Hungry UK must diversify its funding strategy through grant fund application, continuing partnerships with Rise Against Hunger, local councils and other organisations, expanding our donor base and seek new ways to maintain and deepen our connections with our donors.

The Charity will also continue seeking to establish greater partnerships with other charities in order to create projects which not only change the lives of individuals but also change communities and regions for the better.

Future plans

The charity has continued to expand its operations both in the UK and overseas reaching more people than ever with humanitarian aid and the love of Jesus Christ. As such it has had to strengthen its management team and increase team to be able to deal with the increased demand for the charity's services. In addition to its existing programmes across the world it is developing new projects as follows :

International:

Dijbouti 2022: The charity has been invited to develop strategies for providing a good healthy food security whilst developing an integrated community development that considers, social housing, community structures, agricultural development, education, micro business that enables an interdependent community to thrive. This will be a long-term project over many years to come.

Bolivia: The charity is working with a children's rehabilitation centre in Bolivia as part of a missions building team working to rehabilitate street kids from solvent abuse and sexual exploitation.

Zambia: The completion of a new School in Mazabuka and support with other resources required for building a long-term sustainable project.

Page 4

Feed The Hungry, UK

Report of the Trustees for the Year Ended 31 December 2021

STRATEGIC REPORT

UK:

Food Pantries: Feed the Hungry has been commissioned by Warwickshire County Council to operate a community supermarket in an Adult Education Centre in Leamington Spa. This is a pantry model community supermarket where the aim is to wrap around the food offering with other interventions (e.g.debt, welfare, health and education).

With the acquisition and conversion of a St John's Ambulance mobile dispensing van rural community supermarkets will be established in North Warwickshire. There are also opportunities to address the same issues in South Leicestershire.

Pathfinder: this is a Trussell Trust led project to re-imagine how foodbank should operate if the end objective is to eliminate the need for food banks in ten years. The project is likely to be orientated around financial inclusion and signposting to agencies able to deal with the issues that give rise to food poverty.

Training Kitchen : the Charity is developing hospitality and catering facilities at the Halo Centre. This will be opened as a training facility in 2022 and provide opportunities to deal with surplus food.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

Feed the Hungry UK is a non-profit Christian Mission Organisation dedicated to feeding the hungry around the world and reaching those in desperate need.

It is a Company Limited by Guarantee, registered in England and Wales, and a charity registered in England and Wales, governed by its Memorandum and Articles of Association. Date of Incorporation 16th August 2005.

Page 5

Feed The Hungry, UK

Report of the Trustees for the Year Ended 31 December 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure

There is a requirement for a minimum of three Trustees, and there is no maximum. There is no requirement for rotation of the Trustees. The Trustees plan to meet face-to-face annually at the AGM. Due to the international mix, locations and occupations we are endeavouring to format a system of conference calls in addition to the face-to-face meeting, as well as having individual conversations with the Trustees on an ongoing basis. Where Trustees need to be advised or consulted outside of a planned meeting then electronic communications are implemented.

The Trustees have appointed the Operations Director Mr G Williams to have day to day control and have given him delegated authority to operate all areas of the charitable business.

The charity pays for administration work in order to be able to raise funds, the Trustees oversee this work.

Induction and training of new trustees

Newly appointed Trustees are provided with a copy of the governing document and the latest set of published accounts. Questions regarding the charities activities, assets or funding can be asked at any time or at the next Trustees meeting.

Key management remuneration

All Trustees give their time freely.

The pay of the senior staff is reviewed annually and normally increased in accordance with average earnings and the level of responsibility required. In view of the charitable nature of the charity the Trustees remuneration benchmark is determined through comparative research into similar local salaries with the living wage as the minimum hourly rate.

Related parties

None of our trustees receive remuneration or other benefit from their work with the charity. Any connection between trustees or senior manager of the charity and any contractual relationship with a related party must be disclosed to the full board of Trustees.

Risk management

The Trustees have assessed the major risks to which the charity is exposed, in particular, those relating to operations and finances of the charity. They are satisfied that systems are in place to mitigate exposure to the major risks.

The Trustees have a risk management strategy which comprises:

This work has identified that financial stability is the major financial risk for Feed the Hungry UK. A key element in the management of this risk is to plan a budget for the coming year and to regularly review performance against that budget. In addition to managing the cash flow, we recognise the need for the broadening and deepening of connection with our donor base to ensure a diverse and regular source of donation income.

Page 6

Feed The Hungry, UK

Report of the Trustees for the Year Ended 31 December 2021

FUNDRAISING

Feed the Hungry has not hired in the past, and does not intend to hire, any external fundraising companies. FTH UK fundraising is controlled directly by employed staff who adhere to strict guidelines, to ensure that the donor experience is a clear, fair, enjoyable and unobtrusive experience. Every possible measure is taken to ensure that personal data is stored correctly to comply with current legislation and, in so doing, has signed up to receiving suppression under the Fundraising Preference Service.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Feed The Hungry, UK for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"

Company law requires the trustees to prepare financial statements for each financial year which 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. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Page 7

Feed The Hungry, UK

Report of the Trustees for the Year Ended 31 December 2021

AUDITORS

The auditors, The Rowleys Partnership Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by: 31/10/2022

Nigel John Roberts

.................................................. signed on 31/10/2022, 08:44:38 GMT N J Roberts - Trustee

Page 8

Report of the Independent Auditors to the Members of Feed The Hungry, UK

Opinion

We have audited the financial statements of Feed The Hungry, UK (the 'charitable company') for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Page 9

Report of the Independent Auditors to the Members of Feed The Hungry, UK

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 10

Report of the Independent Auditors to the Members of Feed The Hungry, UK

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 11

Report of the Independent Auditors to the Members of Feed The Hungry, UK

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

signed on 31/10/2022, 09:30:52 GMT

Mrs L G Parkes ACA FCCA (Senior Statutory Auditor) For and on behalf of The Rowleys Partnership Ltd Statutory Auditors Chartered Accountants Charnwood House Harcourt Way Meridian Business Park Leicester Leicestershire LE19 1WP 

08/10/2040

Date: .............................................

Page 12

Feed The Hungry, UK

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 December 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Charitable activities
Provision of Aid
Investment income
4
Other income
6
Total
EXPENDITURE ON
Raising funds
7
Charitable activities
8
Provision of Aid
Support costs for charitable activities
Other
12
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
21
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
1,662,614
205,973
287
-
1,868,874
13,565
1,061,189
179,025
286,516
1,540,295
328,579
(102,350)
226,229
122,721
348,950		 Restricted
funds
£
105,928
298,521
-
423
404,872
-
347,213
6,086
60,616
413,915
(9,043)
102,350
93,307
14,428
107,735		 31.12.21
Total
funds
£
1,768,542
504,494
287
423
2,273,746
13,565
1,408,402
185,111
347,132
1,954,210
319,536
-
319,536
137,149
456,685		 31.12.20
Total
funds
£
865,452
95,721
160
13,593
974,926
55,242
626,349
81,438
130,254
893,283
81,643
-
81,643
55,506
137,149

The notes form part of these financial statements

Page 13

Feed The Hungry, UK (Registered number: 05537293)

Balance Sheet 31 December 2021

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
17
40,976
CURRENT ASSETS
Stocks
18
153,215
Debtors
19
48,028
Cash at bank
179,741
380,984
CREDITORS
Amounts falling due within one year
20
(73,010)
NET CURRENT ASSETS
307,974
TOTAL ASSETS LESS CURRENT LIABILITIES
348,950
NET ASSETS
348,950
FUNDS
21
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
12
138,212
138,224
(30,489)
107,735
107,735
107,735		 31.12.21
Total
funds
£
40,976
153,215
48,040
317,953
519,208
(103,499)
415,709
456,685
456,685
348,950
107,735
456,685		 31.12.20
Total
funds
£
14,357
15,767
11,487
105,988
133,242
(10,450)
122,792
137,149
137,149
122,721
14,428
137,149

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 31/10/2022

Nigel John Roberts

..........N J Roberts - Trustee ~~...................................~~ signed on 31/10/2022, 08:44:38 GMT

The notes form part of these financial statements

Page 14

Feed The Hungry, UK

Cash Flow Statement for the Year Ended 31 December 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash used in investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 31.12.21
£
280,833
280,833
(72,278)
3,123
287
(68,868)
211,965
105,988
317,953		 31.12.20
£
61,994
61,994
(15,888)
1,576
160
(14,152)
47,842
58,146
105,988

The notes form part of these financial statements

Page 15

Feed The Hungry, UK

Notes to the Cash Flow Statement for the Year Ended 31 December 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
31.12.21 31.12.20
£ £
Net income for the reporting period (as per the Statement of
Financial Activities) 319,536 81,643
Adjustments for:
Depreciation charges 41,365 2,894
Loss/(profit) on disposal of fixed assets 1,171 (801)
Interest received (287) (160)
Increase in stocks (137,448) (9,453)
Increase in debtors (36,553) (3,427)
Increase/(decrease) in creditors 93,049 (8,702)
Net cash provided by operations 280,833 61,994
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.1.21 Cash flow At 31.12.21
£ £ £
Net cash
Cash at bank 105,988 211,965 317,953
105,988 211,965 317,953
Total 105,988 211,965 317,953

The notes form part of these financial statements

Page 16

Feed The Hungry, UK Notes to the Financial Statements for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Feed the Hungry UK is an incorporated charity, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Gifts in kind donated for resale are included at fair value, being the expected proceeds from sale less the expected costs of sale. Where estimating the fair value is practicable upon receipt it is recognised in stock and 'Income from other trading activities'. Upon sale, the value of the stock is charged against 'Income from other trading activities' and the proceeds are recognised as 'Income from other trading activities'. Where it is impracticable to fair value the items due to the volume of low value items they are not recognised in the financial statements until they are sold. This income is recognised within 'Income from other trading activities'.

The charity receives donations of food and clothing which are then distributed as part of a relief program.

Donated goods are valued at their fair value to the charity.

Where practicable, gifts in kind donated for distribution to the beneficiaries of the charity are included in stock and donations in the financial statements upon receipt. If it is impracticable to assess the fair value at receipt or if the costs to undertake such a valuation outweigh any benefits, then the fair value is recognised as a component of donations when it is distributed and an equivalent amount recognised as charitable expenditure.

Government Grants

Government grants receivable in relation to the job retention scheme are recognised as income over the periods necessary to match them against the related costs which they are intended to compensate, on a systematic basis. Other Government grants received are recognised at the point of receipt. Government grants are shown separately as other income.

continued...

Page 17

Feed The Hungry, UK Notes to the Financial Statements - continued for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on cost Motor vehicles - 25% on cost

Plant and machinery -25% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula.

Taxation

The charity is exempt from corporation tax on its charitable activities. Expenses are inclusive of VAT where applicable.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

continued...

Page 18

Feed The Hungry, UK Notes to the Financial Statements - continued for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Cash and cash equivalents

Cash and cash equivalents comprise cash in hand and cash on deposit.

3. DONATIONS AND LEGACIES

31.12.21 31.12.20
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds funds funds
£ £ £ £ £ £
Donations
from LeSea
Global - - - 21,199 - 21,199
Donations 427,453 66,286 493,739 277,751 58,354 336,105
Gift aid 47,261 9,476 56,737 31,025 5,163 36,188
Legacies 10,943 30,000 40,943 - - -
Goods
donated 1,176,957 166 1,177,123 471,960 - 471,960
1,662,614 105,928 1,768,542 801,935 63,517 865,452
4. INVESTMENT INCOME
31.12.21 31.12.20
Unrestricted
Restricted
Total		 Unrestricted Restricted Total
funds funds funds funds funds funds
£ £ £ £ £ £
Deposit
account
interest 287
-
287		 160 - 160

continued...

Page 19

Feed The Hungry, UK

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

5. INCOME FROM CHARITABLE ACTIVITIES

Activity
Grants
Provision of Aid
Grants received, included in the above, are as follows:
General
Emergency Response Centre
OTHER INCOME
Unrestricted
funds
£
Gain on sale of tangible fixed assets
-
Coronavirus Job Retention Scheme
Grant
-
-
RAISING FUNDS
31.12.21
Unrestricted
Restricted
Total
funds
funds
funds
£
£
£
Fundraising
publicity
9,629
-
9,629
Postage and
stationery
3,560
-
3,560
Service
charges
-
-
-
Event costs
-
-
-
Sundries
376
-
376
13,565
-
13,565
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 9)
£
Provision of Aid
1,268,779
Support costs for charitable
activities
-
1,268,779		 Restricted
funds
£
423
-
423
Unrestricted
funds
£
23,818
7,679
5,184
1,079
308
38,068
Grant
funding of
activities
(see note
10)
£
139,623
-
139,623







31.12.21
£
504,494
31.12.21
£
504,494
-
504,494
31.12.21
Total
funds
£
423
-
423
Restricted
funds
£
14,678
814
1,682
-
-
17,174
Support
costs (see
note 11)
£
-
185,111
185,111		 31.12.20
£
95,721
31.12.20
£
60,796
34,925
95,721
31.12.20
Total
funds
£
801
12,792
13,593
31.12.20
Total
funds
£
38,496
8,493
6,866
1,079
308
55,242
Totals
£
1,408,402
185,111
1,593,513

6. OTHER INCOME

7. RAISING FUNDS

8. CHARITABLE ACTIVITIES COSTS

continued...

Page 20

Feed The Hungry, UK

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

9. DIRECT COSTS OF CHARITABLE ACTIVITIES

Unrestricted
funds
£
Gifts in kind
distributed
1,018,220
LeSea Global
Feed the
Hungry
-
Shipping of
items to
refugee
projects
2,707
Warehouse
costs
35,432
Food parcel
supplies
-
1,056,359
10.
GRANTS PAYABLE
Unrestricted
funds
£
Provision of
Aid
4,830
11.
SUPPORT COSTS
Unrestricted
funds
£
Consultancy
-
Wages
137,120
Social security
13,422
Pensions
3,886
Volunteers'
costs
148
Light and heat
20,888
Travel and
subsistence
979
Freight
2,582
Workwear
-
179,025		 Restricted
funds
£
130,687
-
63,769
17,964
-
212,420
Restricted
funds
£
134,793
Restricted
funds
£
-
-
-
-
27
-
583
5,476
-
6,086		 31.12.21
Total
funds
£
1,148,907
-
66,476
53,396
-
1,268,779
31.12.21
Total
funds
£
139,623
31.12.21
Total
funds
£
-
137,120
13,422
3,886
175
20,888
1,562
8,058
-
185,111		 31.12.21
Total
funds
£
1,148,907
-
66,476
53,396
-
1,268,779
31.12.21
Total
funds
£
139,623
31.12.21
Total
funds
£
-
137,120
13,422
3,886
175
20,888
1,562
8,058
-
185,111		 Unrestricte d
funds
£
462,507
540
39,516
315
23,345
526,223
Unrestricted
funds
£
33,790
Unrestricted
funds
£
9,950
53,720
5,511
2,028
23
2,743
887
5,590
469
80,921		 Unrestricte d
funds
£
462,507
540
39,516
315
23,345
526,223
Unrestricted
funds
£
33,790
Unrestricted
funds
£
9,950
53,720
5,511
2,028
23
2,743
887
5,590
469
80,921		 Restricted
funds
£
-
-
1,577
-
34,925
36,502
Restricted
funds
£
29,834
Restricted
funds
£
-
517
-
-
-
-
-
-
-
517		 31.12.20
Total
funds
£
462,507
540
41,093
315
58,270
562,725
31.12.20
Total
funds
£
63,624
31.12.20
Total
funds
£
9,950
54,237
5,511
2,028
23
2,743
887
5,590
469
81,438
31.12.21
Total
funds
£
139,623
31.12.21
Total
funds
£
-
137,120
13,422
3,886
175
20,888
1,562
8,058
-
185,111

continued...

Page 21

Feed The Hungry, UK

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

12. OTHER

Salaries admin
staff
Paypal
charges
Bank charges
Software & IT
Rates and
water
Insurance
Telephone
Postage and
stationery
Sundries
Depreciation
of tangible
fixed assets
Loss on sale
Travel and
subsistence
Motor
expenses
Entertaining
Rent and
storage
Cleaning
Repairs and
renewals
Equipment
expenses
Health and
safety
Subscriptions
Consultancy
Other legal
and
professional
Auditors'
remuneration
Accountancy		 Unrestricted
funds
£
34,891
234
1,833
22,779
13,489
10,473
6,556
3,937
234
28,154
1,594
-
16,849
2,605
66,400
5,363
2,795
6,737
430
9,056
36,000
10,112
3,900
2,095
286,516		 Restricted
funds
£
40,200
-
275
1,238
-
-
-
-
-
13,211
-
-
1,703
-
-
-
1,350
349
160
98
1,600
432
-
-
60,616		 31.12.21
Total
funds
£
75,091
234
2,108
24,017
13,489
10,473
6,556
3,937
234
41,365
1,594
-
18,552
2,605
66,400
5,363
4,145
7,086
590
9,154
37,600
10,544
3,900
2,095
347,132		 Unrestricted
funds
£
62,665
233
1,211
378
3,642
5,547
1,930
1,683
27
2,894
-
1,048
6,534
250
11,475
753
3,314
2,336
2,244
1,982
7,459
1,000
-
5,809
124,414		 Restricted
funds
£
-
-
99
-
-
-
-
-
-
-
-
580
-
-
2,549
-
-
-
-
-
2,612
-
-
-
5,840		 31.12.20
Total
funds
£
62,665
233
1,310
378
3,642
5,547
1,930
1,683
27
2,894
-
1,628
6,534
250
14,024
753
3,314
2,336
2,244
1,982
10,071
1,000
-
5,809
130,254

continued...

Page 22

Feed The Hungry, UK

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

13. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.21 31.12.20
£ £
Auditors' remuneration 3,900 -
Depreciation - owned assets 41,365 2,894
(Deficit)/surplus on disposal of fixed assets 1,171 (801)

14. TRUSTEES' REMUNERATION AND BENEFITS

No trustees received any remuneration or other benefits from the charity.

Trustees' expenses

No trustees were reimbursed expenses from the charity.

15. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 31.12.21
£
212,211
13,422
3,886
229,519		 31.12.20
£
116,902
5,511
2,028
124,441

The average monthly number of employees during the year was as follows:

31.12.21 31.12.20
Management and administration 12 8

No employees received emoluments in excess of £60,000.

16. AUDITORS RENUMERATION

The total amount paid to the auditor for the audit services was £3,900 and for the prior year independent examination (2020: £3,900). Other fees paid to the auditor were £2,095 (2020: £1,909) for other accountancy services.

continued...

Page 23

Feed The Hungry, UK

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

17. TANGIBLE FIXED ASSETS

Plant and
machinery
£
COST
At 1 January 2021
11,686
Additions
30,345
Disposals
-
At 31 December 2021
42,031
DEPRECIATION
At 1 January 2021
4,498
Charge for year
5,997
Eliminated on disposal
-
At 31 December 2021
10,495
NET BOOK VALUE
At 31 December 2021
31,536
At 31 December 2020
7,188
18.
STOCKS
Stocks
19.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income
20.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses		 Fixtures
and
fittings
£
7,930
3,373
-
11,303
5,055
4,797
-
9,852
1,451
2,875		 Motor
vehicles
£
4,794
38,560
(4,794)
38,560
500
30,571
(500)
30,571
7,989
4,294
31.12.21
£
153,215
31.12.21
£
551
9,645
37,844
48,040
31.12.21
£
51,761
4,034
13,540
34,164
103,499		 Totals
£
24,410
72,278
(4,794)
91,894
10,053
41,365
(500)
50,918
40,976
14,357
31.12.20
£
15,767
31.12.20
£
319
6,220
4,948
11,487
31.12.20
£
4,801
2,274
374
3,001
10,450

continued...

Page 24

Feed The Hungry, UK

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

21. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Online Gift catalogue
Refugees
Kenya
Nepal
Romania
Uganda
Rise Against Hunger
ECED
Zimbabwe
Zambia
India
Ukraine
Burkina Faso
Grants
Albania
Lebanon
H2H
ERC
Afghanistan
Coventry food bank
HAF Projects
Halo centre development fund
Kenya Kibera
Myanmar
Oxygen to India
Pakistan
Pathfinder
UK
TOTAL FUNDS		 At 1.1.21
£
122,721
1,496
317
789
-
-
-
(21)
56
-
6
-
-
6,619
1,877
-
112
3,177
-
-
-
-
-
-
-
-
-
-
-
14,428
137,149		 Net
movement
in funds
£
328,579
(1,377)
(108)
(465)
(10,065)
(11,166)
(2,854)
-
(34,752)
(39,882)
(7,308)
(241)
(5,004)
(7,151)
18,288
(4,915)
(398)
(6,293)
(3,193)
105
(141)
27,188
37,342
393
(54)
(2,822)
(3,437)
49,203
64
(9,043)
319,536		 Transfers
between
funds
£
(102,350)
(10)
(209)
(324)
10,065
11,166
2,854
21
34,696
39,882
7,302
241
5,004
532
(1,877)
4,915
286
3,116
3,193
-
141
(25,682)
-
789
54
2,822
3,437
-
(64)
102,350
-		 At
31.12.21
£
348,950
109
-
-
-
-
-
-
-
-
-
-
-
-
18,288
-
-
-
-
105
-
1,506
37,342
1,182
-
-
-
49,203
-
107,735
456,685

continued...

Page 25

Feed The Hungry, UK

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

21. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Online Gift catalogue
Refugees
Kenya
Nepal
Romania
Uganda
ECED
Zimbabwe
Zambia
India
Ukraine
Burkina Faso
Grants
Albania
Lebanon
H2H
ERC
Afghanistan
Coventry food bank
HAF Projects
Halo centre development fund
Kenya Kibera
Myanmar
Oxygen to India
Pakistan
Pathfinder
UK
TOTAL FUNDS		 Incoming
resources
£
1,868,874
627
216
770
2,862
2,590
5,487
11,827
120
220
2,906
-
5,556
31,223
-
6,318
6,217
72,663
105
5,500
136,087
48,126
4,415
4,956
6,465
-
49,552
64
404,872
2,273,746		 Resources
expended
£
(1,540,295)
(2,004)
(324)
(1,235)
(12,927)
(13,756)
(8,341)
(46,579)
(40,002)
(7,528)
(3,147)
(5,004)
(12,707)
(12,935)
(4,915)
(6,716)
(12,510)
(75,856)
-
(5,641)
(108,899)
(10,784)
(4,022)
(5,010)
(9,287)
(3,437)
(349)
-
(413,915)
(1,954,210)		 Movement
in funds
£
328,579
(1,377)
(108)
(465)
(10,065)
(11,166)
(2,854)
(34,752)
(39,882)
(7,308)
(241)
(5,004)
(7,151)
18,288
(4,915)
(398)
(6,293)
(3,193)
105
(141)
27,188
37,342
393
(54)
(2,822)
(3,437)
49,203
64
(9,043)
319,536

continued...

Page 26

Feed The Hungry, UK

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

21. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.1.20 in funds 31.12.20
£ £ £
Unrestricted funds
General fund 49,653 73,068 122,721
Restricted funds
Online Gift catalogue 588 908 1,496
Refugees - 317 317
Kenya 108 681 789
Malawi 851 (851) -
Uganda 1,172 (1,172) -
Rise Against Hunger (12) (9) (21)
ECED 142 (86) 56
Zambia 2 4 6
Burkina Faso 2 6,617 6,619
Grants 3,000 (1,123) 1,877
Lebanon - 112 112
H2H - 3,177 3,177
5,853 8,575 14,428
TOTAL FUNDS 55,506 81,643 137,149

continued...

Page 27

Feed The Hungry, UK

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

21. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Online Gift catalogue
Refugees
Kenya
Malawi
Nepal
Romania
Uganda
Rise Against Hunger
ECED
Zimbabwe
Zambia
Burkina Faso
Grants
Albania
Lebanon
H2H
ERC
TOTAL FUNDS		 Incoming
resources
£
876,484
4,309
437
12,295
-
2,651
320
2,348
-
6,580
429
867
8,715
-
1,200
20,189
3,177
34,925
98,442
974,926		 Resources
Movement
expended
in funds
£
£
(803,416)
73,068
(3,401)
908
(120)
317
(11,614)
681
(851)
(851)
(2,651)
-
(320)
-
(3,520)
(1,172)
(9)
(9)
(6,666)
(86)
(429)
-
(863)
4
(2,098)
6,617
(1,123)
(1,123)
(1,200)
-
(20,077)
112
-
3,177
(34,925)
-
(89,867)
8,575
(893,283)
81,643

Online Gift Catalogue

Funds received for the online purchase of gifts from the Feed the Hungry Gift Catalogue. Each gift from the catalogue represents a contribution to a specific project, eg £16 provides two chickens and a lifetime of nutritious eggs.

Refugees

Funds received from donors who wish to help refugees, in Athens or other areas where need is identified.

Kenya

Support of Soweto Academy School in Kibera, to provide funds and resources for empowering and educating children and youth in the Kibera Slums.

Nepal

Support of Mission for Tribes and Nations in the feeding program of 350 children in schools for Dhalit Children through local farming program and the provision of Fresh water in Dhalit Villages.

continued...

Page 28

Feed The Hungry, UK Notes to the Financial Statements - continued for the Year Ended 31 December 2021

21. MOVEMENT IN FUNDS - continued

Romania

Support of Bread of Life Foundation in feeding program of 3,000 children throughout Romania

Uganda

Support of Bright Futures Foundation in build and resourcing an orphanage and community feeding program for 500 children as well as building an orphanage for 75 children.

ECED

Support of Every Child, Every Day Feeding Programmes and Emergency Disaster Relief in various countries around the world.

Zimbabwe

Support of Joseph Foundation in Harare in providing a feeding program for 15,771 Children in Harare.

Zambia

Supporting Lukkomano Charity Organization in providing finances to build a school for 300 street kids, resourcing a sustainable farming program and providing food support for the school and finances for teachers salaries.

India

Christ Compassion Care Ministry in support of poverty stricken villages in the Rangampeta district of India.

Ukraine

Support of refugees affected by the 2022 war in Ukraine. Provision of food, clothing and other essential items.

Burkina Faso

Funds received to cover the costs of freight containers and import duties.

Capital Grants

Grants given for specific capital purchases such as Racking, Freezers, Chiller Van.

Albania

Support of Albania Foodbank in provision of Emergency supplies of food to assist with food banks across Albania.

Lebanon

Support of Life Centre in Beirut in providing food and clothing and hygiene resources further to the Beirut Blast.

H2H

Funds received for food packing events. The balance of the fund at the year end was for events which had been cancelled due to Covid-19.

ERC

Emergency relief funds which were used to purchase food for UK projects.

continued...

Page 29

Feed The Hungry, UK

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

21. MOVEMENT IN FUNDS - continued

Afghanistan

Funds received from donors who specified Afghanistan with their donation. As we have no current projects in the country, these could be moved to disaster relief funds.

Coventry Food Bank

Support of provision of food and resources for 13 foodbank centres as well as the support of Coventry foodbank warehouse provision to resource the food banks.

HAF Projects

Local Government Grant Funding received to supply food and activity packs as part of the HAF Programme (Healthy Activities and Food) during school holidays.

Halo Center Development Fund

Grants, donations and legacies received to develop the facilities at the Halo Centre.

Kenya Kibera

Funds received from donors to specifically support the work of Soweto Academy in Kibera, Kenya.

Myanmar

Support of Living Word Ministries who provide assistance to Karen refugees.

Oxygen to India

Support of South Asia Concern in the provision of Funds for the purchase of oxygen compressors in Kachhwa Christian Hospital India.

Pakistan

Support of feeding program for street kids in partnership with Adeel Safder Masih in Karachi.

Pathfinder

Grants awarded from Trussell Trust to fund the next iteration of Coventry Foodbank.

UK

Emergency food provision during Covid and subsequently carried forward in partnership with Hinckley and Bosworth Borough Council.

Transfers between funds

A transfer of £102,350 was made from restricted funds for completed projects to unrestricted funds. The charity has choosen to spend in excess of donations.

continued...

Page 30

Feed The Hungry, UK Notes to the Financial Statements - continued for the Year Ended 31 December 2021

22. RELATED PARTY DISCLOSURES

The following transactions occurred during the year with LeSea Global, a charity in which Mr S Radelich is a trustee. A total of £NIL (2020: £21,199) was received in donations from LeSea Global. A total of £NIL (2020: £540) was donated to LeSea Global.

Donations of £3,000 (2020: £675) were received from trustees without conditions during the year.

All transactions were carried out at arms length and in the normal course of business.

23. OPERATING LEASE COMMITMENTS

The following are the total future minimum lease payments under non-cancellable operating leases:

Due within one year
Due between one and five years		 31.12.21
£
48,000
174,000
222,000		 31.12.20
£
12,000
-
12,000

Page 31