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← Community Food Enterprise Limited

2024-03-31-accounts

REGISTERED COMPANY NUMBER: 04790571 (England and Wales) REGISTERED CHARITY NUMBER: 1116006 Re ort of the Trustees and Financial Statements for the Year Ended 31 March 2024 for Communit Food Enter rise Limited

Community Food Enterprise Limitedcontents Pages 1to7 Trustee's Annual Report Independent Examine¢s Report Statement of Financial Activities Balan￿ Sheet 10t011 Notes to the Financial Statements 12to17 Detailed Statement of Financial Activities 18to 19

COMMUNITY FOOD ENTERPRISE LIMITED Board of Trustees, Report For the year ended 31 March 2024 The Trustees present their reportand accounts for the year ending 31 March 2024. The trustees, who are also Directors of the charity for the purposes of Companies Act 2006, submit their annual report and the financial statement for the year ended 31March2024. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and the Republic of Ireland (FRS 102 - effective l January 2015), (Charities SORP FRS 102). ur Aim CFE'S aim is to alleviate food poverty and develop a viable and sustainable food business that provide training, capacity building and employnient opportunities for residents of East London, Our mission is to work in partnership with the diverse communities of East London, and nationally with organisations that are doing similar work as us, to ensure that everyone in our community has the right not just to food, but the right food access to food is a right, not a privilege. The food we consume should be safe, nutritious, affordable, accessible and culturally acceptable. At CFE, we believe that access to food is not an end in itself, but rather the first prartical step on a pathway to alleviating many of the root causes of food poverty. The desired outcomes are better diet, lifestyle and health. Such outcomes depend not just on what we eat but understandin8 why we eat Promoting an understanding through education and empowerment are the keys to sustained success. CFE remlse Its mission through consultation and in partnership with the community and stakeholders it serves. We fight food poverty and food waste by sourcing food that is surplus to requirement and redistribute it to registered clarities and community organisations that run projects such as: ShelteredHousing, Hostels, Soup kitchens and Food Banks etc.

throughout East London. Sustainability is one of the major challenges we face and to overcame this in the long term, our work is divided into two strands which includes: l. Social Activities (1] Surplus Food (SF): CFE uses its unique infrastructure to source food that is surplus to requirements and redistributing same to frontline charities and community organisationa across East London. 2. Community Support Service (CSS): (li) CFE supports community organizations that offer services such as {providing quality fruits & vegetables at affordable prices) that service5 Some of the poorest families in thelr community. purchasing/delivering produce administration support e.gii preparing week]y price list. Without the work of our CSS unit, organisations we currently support, CFE will not be able to sustain their projects and vulnerable members of our community will suffer. 3. INCOME GENERATING ACTIVITIES WORKPLACE HEALTH: To improve the health and wellbeing of employees, CFE offers a daily delivery of fresh fruit directly to ernployers., workplace. Research has Shown that eating fresh fruits regularly provides the following benefit.. Improve the health and wellbeing of employees. Motivate staff. Improve morale and job satisfaction. increase productivity. Reduce staff absentees as a result of a healthler workforce. Our electric van which is now coming to the ending of the lease, means that we need to renew or buy a van, with the help of our stakeholders we now have £23,000.00 towards a new van, we are hoping that we will raise the balance of approximately £ 10,000 before the expiry of the lease. Our plans from April 2023 to March 2024 include: l. Working with our new Landlords, Projekt (www.thisisprojekt) on the refurbishment of our warehouse where we are located. 2. Seek further fundings for new vehicles to comply with the Mayor of London Ultra Low Emission Zone (ULEZ) scheme which came into operation on 25 October 2021 3. Work with the Royal Docks Team to identify new opportunities and partners in the Royal Docks catchment area.

  1. Meet with our current partners/sponsors at least once a Month to brief them on developments and get their input on new business ideas/suggestions so that we can incorporate them into the development of the project.
  2. Work more closely with organisations such as Business in the ComTnunities to seek help in identifying partners who could help us to identify sources of food that is surplus to requirement and tran5POrt same to our warehouse in London.
  3. Host a minimum of I corporate volunteering day per Month at our warehouse with East London Business Alliance.
  4. Develop our rejationship with students from our local universities and get them involved in the development of the project.
  5. Continue to use CFE'S infrastructure to support local charities.
  6. Promote strategic collaboration and partnership work with local organisations tackling food poverty.
  7. Secure the services of a Bid Writer/Fundraiser on a pro bono basis The Trustees have assessed the major strategic, business and operational risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. The aim of the reserve policy is to cover the main financial and operating risks to the company. The nature of CFE'S funding is such that it is unpredictable from year to year and subject to delay. We are therefore working towards a reserve, which will cover operating costs and other liabilities for at least a three-month period. The charity must keep under review our risks and liabilities and identify what is an appropriate period to ensure that the number of reserves is adequate. The sections of this report above entitled "Aims and Achievements and Performance" sets out Community Food Enterprise's objectives and reports on the activity and successes in the year ending 31 March 2023 as well as explaining the plans for the current financial year. Community Food Enterprise work benefits individuals and the community. The trustees have considered this matter and concluded.. l. That the aims of the organisation continue to be charitable.

  8. That the aims and the work done give identifiable benefits to the charity sector and both indirectly and directly to individuals in need.

  9. That the benefits are for the public, are not unreasonably restricted in any way and certainly not by ability to pay.

  10. That there is no detriment or harm arising from the aims and activities. nanci vi The services provided by CFF can be classified as preventative, which is the remit of Regional Public Health bodies, however, as we do not receive funding from them, in order to generate earned income we deliver a range of income generating services which contributes towards our running costs to enable as to fulfil our mission in one of the most economically deprived areas in London. Moreover, we continue to rely on donations and sponsorship from organisations, such as: Tate & Lyle Sugars, Excel London and London City AÉrport to help cover shortfalls. 80ARD CEO OINer Finance Qffitsr Part Time Volunt Coordinator Vdunteer Dn¥erf$l VolLthrf8) CFE, however, made a Net Income of £11,950.00 which was due to a grant received from Royal Docks Trust. rn Community Food Enterprise Limited (CFE) is a registered charity with its headquarters in the London Borough of Newham, East London, founded in 2002 by members of the local community; CFE was incorporated as a limited liability company in June 2003 and granted charitable status in September 2006.

FEOr izatio Istr ture Community Food Enterprise Ltd - Organization Structure 01/04/2024 Due to financial restrain we have employed a new Deputy warehouse manager from July 2024 The Trustees The Trustees, who are also the directors for the purpose of company law, who served during the year, were: Eric Samuel Verlyn Munro Art Samuel None of the Trustees has any beneficial interest in the company. All the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up the company. The trustees are appointed for an unspecified period. Trustees, selection and appointment is based on the need for CFE to have the necessary financial, legal and other skills and experience to best advise the charity, in particular in determining and monitoring its policies. When new trustees are appointed, they will undergo an induction meeting to meet key employees and other trustees of CFE and to be briefed on their legal obligations under charity law. Their induction will also include a session to familiarise them with the content of CFE'S constitution, the way in which the Board operates, including decision making processes, CFE'S business plan and recent financial performance of the charity. The trustees are also directors and are primarily responsible for direction and policy, including strategy, planning and evaluation. The day-to-day management of the company and its, key service area is the responsibility of the Chief Executive Officer and his management team. Our Trustees appointed Cumberland Accountants Ltd to act as an Independent Examiner and this was approved by the board. The trustees appointed Glenda Spencer as an Independent Adviser, and this was approved by the board.

The members who served during the year ended 31 March 2024. Eric Samuel.............,.............................. CEO Verlyn Munro... (Trustee) Art Samuel............................................ [ Trustee) Glenda Spencer .....................................(Trustee/chair/Secretary) Thameside Industrial Estate Factory Road London E16 2HB Company Number". 04790571 Charity Number: 1116006 Bankers: Natwest Bank PIC 37 High Street North East Ham London E6 IHS Independent Examiners.. Cumberland Accountants Ltd 99 Cumberland Road Plaistow London E13 8LH Company law requires the Board Members to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statement, the Board Members should follow best practice and: select suitable accounting policies and then apply them consistently. make judgments and estimates that are reasonable and prudent," and prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue on that basis. The Board Members are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financlal position of tile charitable company and to enable them to ensure that the financial statements comply with be Companies Act 2006. The Board Members are also responsible for safeguarding the assets of the charitable company and hence

taking reasonable steps for the prevention and detection of fraud and other irregularities. The Board Members who are directors for the purpose of company law and trustee's for the purpose of charity law, who served during the year and up to the day of this report, in the case of each member so far as the Board is aware, there is no relevant audit information of which the coMpan￿S auditors are unaware,. and as the directors of the company, we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that the charitys auditors are aware of that information. This Report has been prepared in accordance with the Company Law who are entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small Companies. Approved by the Trustees and signed on their behalf by: Eric Samuel Date: 06th January 2025

Independent Examinerfs Report to the Members of Community Food Enterprlse Limited I report to the charity trustee on my examination of the financial statements of Community Food EnterpriseLimited for the year ended 31 March 2023. Responsibilities and basis of report As the charity's trustee (and also a director for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the2006 Act. Having satisfied myself that the financial statements of the Charity are not required to be audited under Part16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section145(5) (b) of the 2011 Act. Independent examiner's statement I have completed my examination. I can confirm that no material matters have come to my altention inconnection with the examination giving me cause to believe.. accounting records were not kept in accordance with section 386 of the 2006 Act . or the financial statements do not accord with those records. or the financial statements do not comply with the accounting requirements under section 396 of the 2006Act other than any requirement that the financial statements give a 'true and fairf view which is not a matter considered as part of an independent examination; or the financial statements have not been prepared in accordance with the methods and principles of thestatement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to whichattention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Uzma Noreen (ACCA) Cumberland Accountants Ltd 99 Cumberland Road Plaistow London England E138LH 2611212024

Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 Unrestricted fund 31.3.23 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 103,998 129,349 EXPENDITURE ON Charitsble activities COMM 61,130 56,768 Other 30,566 38,334 Total 91,696 95,102 NET INCOME 12,302 34,247 RECONCILIATION OF FUNDS Total funds brought fop4vard 34,559 311 TOTAL FUNDS CARRIED FORWARD 46,861 34,558 Surplus and Deficit Account 968 Posting discrepancies were found in the resenie accounts listed below. This is because the brought forward postings in the current year are not equal to the figures carried forward by IRIS at the end of last year. Please check your postings in the brought forward account for the surplus and deficit account 968. Unrestricted funds Total funds Brought fonNard - 96811 34,559 34,559 Carried fopAiard 34,558 34,558 Drfference (1) (1) Post to relevant accounts (see ICHA chart of accounts for further details)

Balance Sheet 31 March 2024 31.3.24 Unrestricted fund 31.3.23 Total funds 1.4.22 Total funds Notes CURRENT ASSETS Debtors Cash at bank 636 41,723 578 8,241 34,858 42,359 34,858 8.819 CREDITORS Amounts falling due within one year 4,502 (300) (10,383) NET CURRENT ASSETS 46,861 34,558 (1,564) TOTAL ASSETS LESS CURRENT LIABILITIES 46,861 34,558 (1,564) NET ASSETS 46,861 34,558 (1,564) FUNDS Unrestricted funds: General fund 46,861 34,558 311 TOTAL FUNDS 46,861 34,558 311 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 10

Balan￿ Sheet- continued 31 March 2024 These financial statements have been prepared in accordance with the provisions applicable to Gharitable 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.. Trustee

Notes to the Financial Statements for the Year Ended 31 March 2024 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 stalements have been prepared under the historical cost convention. 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. 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 classrfied 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 consislent with the use of resources, TANGIBLE FIXED ASSETS Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. TAXATION The charity is exempt from corporation tax on its charitable activities. 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. 13

Notes to the Financial Statements - continued for the Year Ended 31 March 2024 NET INCOMEI(EXPENDITURE) Net incomel(expenditurel is stated after chargingl(crediting}. 31.3.24 31.3.23 Depreciation - owned assets 1,909 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 nor for the year ended 31 March 2023. March 2024 TRUSTEES, EXPENSES There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 129,349 EXPENDITURE ON Charitable actlvltles COMM 56,768 Other 38,334 Total 95,102 NET INCOME 34,247 RECONCILIATION OF FUNDS Total funds brought forward 311 TOTAL FUNDS CARRIED FORWARD 34,558 14

Notes to the Financial Statements - continued for the Year Ended 31 March 2024 TANGIBLE FIXED ASSETS Plant and machinery COST At 1 April 2023 Disposals 7,534 (7,534) At 31 March 2024 DEPRECIATION At 1 April 2023 Eliminated on disposal 7,534 (7,534) At 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.3.24 31.3.23 Other debtors 636 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors 31,3,24 31.3.23 (4,502> 300 MOVEMENT IN FUNDS At 1.4.23 Net movement in funds At 31.3.24 Unrestricted funds General fund 34,559 12,302 46,861 TOTAL FUNDS 34,559 12,302 46,861

Notes to the Financial Statements - continued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 103,998 (91,696) 12,302 TOTAL FUNDS 103,998 (91,696) 12,302 Comparatlves for movement In funds Net movement in funds At 31.3.23 At 1.4.22 Unrestrlcted funds General fund 311 34,247 34,558 TOTAL FUNDS 311 34,247 34,558 Comparative net movement in funds, included in the above are as follows., Incoming Resources Movement resources expended in funds Unrestricted funds General fund 129,349 (95,102> 34,247 TOTAL FUNDS 129,349 (95,102) 34,247 A current year 12 months and prior year 12 months combined position is as follows., Nel movement in funds At 31.3.24 At 1.4.22 Unrestricted funds General fund 311 46,549 46,860 TOTAL FUNDS 311 46,549 46,860 16

Notes to the Financial Statements - continued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming Resources Movement reSoUr￿S expended in funds Unrestricted funds General fund 233,347 (186,798) 46,549 TOTAL FUNDS 233,347 (186,798) 46,549 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. 17

Detailed Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donatlons and legacies Gifts Fee Subscriptions 59,601 44,397 76,919 52,899 (469) 103,998 129,349 Total incoming resources 103,998 129,349 EXPENDITURE Charitable actlvltles Motor expenses Insurance Telephone Postage and stationery Advertising Sundries Purchases Depreciation of tangible fixed assets 6,144 2,942 1,122 23 80 36 38,271 6,587 367 186 1,170 43,287 1,909 48,618 53,506 Other Wages 30,566 38,334 Support costs Management Postage and stationery Finance Bank charges 210 385 Infomiatlon technology Repairs and renewals 4,020 894 Governance costs Accountancy and legal fees Accountancy fees Legal fees Subscriptions 4,360 1,970 1,983 1,511 7,841 1.983 18

Detailed Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 Total reSoUr￿S expended 91,696 95.102 Net income 12,302 34,247 19