2021-06-30-accounts

COMPANY REGISTRATION NUMBER: 5885305 CHARITY REGISTRATION NUMBER: 1116438

Food For The Brain Foundation Company Limited by Guarantee Unaudited Financial Statements 30 June 2021

NABARRO

Chartered accountants 34 - 35 Eastcastle Street London W1W 8DW

Food For The Brain Foundation

Company Limited by Guarantee

Financial Statements

Year ended 30 June 2021

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	7
Statement of financial activities (including income and
expenditure account)	8
Statement of financial position	9
Notes to the financial statements	10

Food For The Brain Foundation

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 30 June 2021

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 June 2021.

Reference and administrative details

Registered charity name Food For The Brain Foundation Charity registration number 1116438 Company registration number 5885305 Principal office and registered 9 Chartfield Avenue office London SW15 6DT

The trustees

Dr R Tutt Mr M Metcalfe Mrs M Limnios Mr P Holford Ms J Ferrari-Wells Mr A Banerjee (Appointed 6 October 2020) Company secretary Ms J Ferrari-Wells Independent examiner M F Gibbons FCA, TEP 34 - 35 Eastcastle Street London W1W 8DW

1

Food For The Brain Foundation

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 June 2021

Structure, governance and management

The Charity is a company limited by guarantee.

The Trustees, who are also the directors for the purpose of company law, and who served during the year are as stated on page 1.

Company Secretary: Jessica Ferrari-Wells

Chief Executive Officer: Natalie Wells (resigned February 2021, Katharine Rodde (appointed 12 April 2021)

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Each calendar year normally one-third of the Trustees are due to retire by rotation, and can stand for re-election. Due to the unusual circumstances of the pandemic as well as the turnover of staff there was a long gap in between AGMs, hence exceptionally there were no such rotations in the period to 30th June 2021. This will revert to normal practice in the subsequent period.

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

The company's current policy concerning the payment of trade creditors is to:

• settle the terms of payment with suppliers when agreeing the terms of each transaction

• ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and

• pay in accordance with the company's contractual and other legal obligations as long as all duties are discharged under relevant agreements.

The charity is constituted as a company limited by guarantee and is therefore governed by a memorandum and articles of association. All directors of the company are also Trustees of the charity The Trustees met just 3 times during the year to manage the charities affairs due to a change in Executive Director and all staff meaning that the early part of 2021 the day-to-day activities were overseen directly by the Chair of Trustees by approval of the remaining Board members.

2

Food For The Brain Foundation

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 June 2021

Objectives and activities

The objects for which the Trust is established is "to advance the education of the general public and health professionals in all areas concerning nutrition and mental health.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

The main objectives of the year were to continue :-

to be a source of evidence-based educational resources for both the public and Healthcare professional via our website, digital tools, e-news, social media and events;

to advance awareness of the importance of nutrition in mental health conditions and mental wellbeing, with a continuing focus on reducing the risk of Alzheimer's and Dementia as well as widening our educational outreach work and services

3

Food For The Brain Foundation

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 June 2021

Achievements and performance

The strategy has not changed and was to continue to build on the main elements of activity, running educational events and seminars to the 3 target audiences; individuals, health professionals, and organisations in addition to continuing with the community outreach work, completion of research working with University College London (linked to our Cognitive Function Test (CFT) and Alzheimer's Prevention Programme), as well as support the catering accreditation development. The ongoing legacy projects were fundamentally important for building solid foundations for taking the charity to the next level and setting it in good stead for future development.

Significant efforts were continued in streamlining the operational functions, refining the marketing and communications approach, reducing costs, introducing new policies, procedures and improving reporting. In addition to the above, the following key projects were:

• Completion of efforts around new brand development and incorporation into all marketing and communications platforms.

• Ongoing phased internally driven upgrades of new website by way of new content management system (due to be up to date by end of 2021).

• Ongoing upgrade of a new version of the CFT and addition of a lifestyle questionnaire called the Dementia Risk Indicator (DRI) which is due to be launched in November 21.

• Publication of research work with University College London relating to the CFT and Alzheimer's Prevention, finally achieved in September 21 in the European Journal of Psychiatry.

Due to the ongoing pandemic, income was significantly suppressed again during this year. The substantial portion of unrestricted income, reliant on the catering accreditation service, was completely stagnant despite efforts to re-animate working alongside industry experts such as TUCO. We are hopeful that by the end of 2021 we will start to see signs of recovery here.

Our online teaching events to educate both health professionals and the general public raised £6,742 in the year and we continued to build potential relationships with corporate partners to support them in their CSR efforts.

We were made Charity Partners for 2021 by New Quadrant Partners and, due to the suspension of inperson events, they have kindly volunteered to roll forward the relationship to support us with a fundraiser in Spring 2022 instead if that proves possible. Additionally, their Founding Partner, Louise Stoten, through her position as a trustee of the The Fieldrose Charitable Trust encouraged them to support us directly with a generous £5,000 donation in November 2020.

The Covid-19 pandemic continued to impacted our ability to host other in-person fundraising events, with limited funds raised through these channels as a consequence. However, we did hold our first online Crowdfunder in May 21, raising £6,856 and continue to be supported by a loyal group of individual generous donors who make ad hoc donations in response to our calls to action.

The changes in the scoping around the CFT Upgrade and the inevitable delay of the paid behavioural change programme (now named Cog-nition) have meant that we do not forecast generating any significant income from this source before early 2022.

We continue to explore other avenues of income generation and will be reporting soon on areas such

4

Food For The Brain Foundation

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 June 2021

as R&D Credits, increased support form Trusts and Foundations as well as increasing our supporter base and harnessing them to give regularly, as well as raise funds and awareness.

Financial review

The fund balances at the end of the year were £55,318 unrestricted (2020 £2,750) and restricted £13,052 (2020 £104,161)

Resources expended during the year were £66,401 (2020 £89,979)

The reduction was partly due to the provision of Covid 19 furlough measures compounded by the role of Executive Director being vacant for 2 months.

The principal funding sources were from donations, events and the CrowdFunder with £27,860 (2020 £25,205) in turnover.

The Trustees regularly monitor the Charity's Reserves to ensure that an adequate level is maintained to meet its stated objectives for the maintenance of core activities and the development of existing and future projects.

The level of reserves established by the Trustees are those that the Trustees believe are sufficient to enable the Charity to carry out its objectives.

The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Employment of disabled persons

The Charity's policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests.

Information of matters of concern to employees is given through information bulletins and reports, which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

5

Food For The Brain Foundation

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 June 2021

The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:

Mr A Banerjee Trustee

6

Food For The Brain Foundation

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Food For The Brain Foundation

Year ended 30 June 2021

I report to the trustees on my examination of the financial statements of Food For The Brain Foundation ('the charity') for the year ended 30 June 2021.

Responsibilities and basis of report

As the trustees of the company (and also its directors 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 ('the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts 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 section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement 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 which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

M F Gibbons FCA, TEP Independent Examiner

34 - 35 Eastcastle Street London W1W 8DW

7

Food For The Brain Foundation

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 30 June 2021

			2021		2020
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	5	10,934	–	10,934	8,795
Other trading activities	6	16,918	–	16,918	16,258
Investment income	7	8	–	8	152
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Total income		27,860	–	27,860	25,205
		৶৶৶৶৶৶৶৶	৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
Expenditure
Expenditure on raising funds:
Costs of raising donations and
legacies	8	11,339	83	11,422	21,442
Expenditure on charitable activities	9,10	44,541	10,438	54,979	68,537
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Total expenditure		55,880	10,521	66,401	89,979
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Net expenditure		(28,020)	(10,521)	(38,541)	(64,774)
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
Transfers between funds		80,588	(80,588)	–	–
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Net movement in funds		52,568	(91,109)	(38,541)	(64,774)
Reconciliation of funds
Total funds brought forward		2,750	104,161	106,911	171,685
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total funds carried forward		55,318	13,052	68,370	106,911
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 10 to 17 form part of these financial statements.

8

Food For The Brain Foundation

Company Limited by Guarantee

Statement of Financial Position

30 June 2021

		2021	2020
	Note	£	£
Fixed assets
Tangible fixed assets	16	10,350	–
Current assets
Debtors	17	350	1,666
Cash at bank and in hand		67,662	113,724
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
		68,012	115,390
Creditors: amounts falling due within one year	18	9,992	8,479
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Net current assets		58,020	106,911
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total assets less current liabilities		68,370	106,911
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Net assets		68,370	106,911
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Funds of the charity
Restricted funds		13,052	104,161
Unrestricted funds		55,318	2,750
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total charity funds	19	68,370 ৶৶৶৶৶৶৶৶	106,911 ৶৶৶৶৶৶৶৶৶

For the year ending 30 June 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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

These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:

Mr A Banerjee Trustee

The notes on pages 10 to 17 form part of these financial statements.

9

Food For The Brain Foundation

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 June 2021

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 9 Chartfield Avenue, London, SW15 6DT.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

10

Food For The Brain Foundation

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2021

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

11

Food For The Brain Foundation

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2021

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Equipment - Website Development

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

12

Food For The Brain Foundation

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2021

3. Accounting policies (continued)

Financial instruments (continued)

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Limited by guarantee

A company limited by guarantee

5. Donations and legacies

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2021	Funds	2020
	£	£	£	£
Donations
Donations	10,934	10,934	8,795	8,795
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶

13

Food For The Brain Foundation

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2021

6. Other trading activities

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Fundraising events	797	797	1,732	1,732
	Trading activity income - other	16,121	16,121	14,526	14,526
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
		16,918	16,918	16,258	16,258
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
7.	Investment income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Other interest receivable	8	8	152	152
		৶৶৶৶	৶৶৶৶	৶৶৶৶	৶৶৶৶
8.	Costs of raising donations and legacies
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
			£	£	£
	Costs of raising donations and legacies		11,339	83	11,422
			৶৶৶৶৶৶৶৶	৶৶৶৶	৶৶৶৶৶৶৶৶
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
			£	£	£
	Costs of raising donations and legacies		7,543	13,899	21,442
			৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
9.	Expenditure on charitable activities by fund type
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
			£	£	£
	Advancement of education in nutrition and mental
	health		34,838	9,833	44,671
	Support costs		9,703	605	10,308
			ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
			44,541	10,438	54,979
			৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
			£	£	£
	Advancement of education in nutrition and mental
	health		59,590	–	59,590
	Support costs		8,947	–	8,947
			ৄৄৄৄৄৄৄৄ	ৄৄৄৄ	ৄৄৄৄৄৄৄৄ
			68,537	–	68,537
			৶৶৶৶৶৶৶৶	৶৶৶৶	৶৶৶৶৶৶৶৶

14

Food For The Brain Foundation

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2021

10. Expenditure on charitable activities by activity type

		Activities
		undertaken		Total funds	Total fund
		directly	Support costs	2021	2020
		£	£	£	£
	Advancement of education in nutrition
	and mental health	44,671	8,469	53,140	65,482
	Governance costs	–	1,839	1,839	3,055
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
		44,671	10,308	54,979	68,537
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
11.	Analysis of support costs
			Analysis of
			support costs	Total 2021	Total 2020
			£	£	£
	Premises		–	–	2,624
	Communications and IT		1,430	1,430	1,107
	General office		3,040	3,040	888
	Finance costs		123	123	366
	Governance costs		1,839	1,839	3,055
	Insurance		426	426	907
	Depreciation		3,450	3,450	–
			ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
			10,308	10,308	8,947
			৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶
12.	Net expenditure
	Net expenditure is stated after charging/(crediting):
				2021	2020
				£	£
	Depreciation of tangible fixed assets			3,450	–
				৶৶৶৶৶৶৶	৶৶৶৶
13.	Independent examination fees
				2021	2020
				£	£
	Fees payable to the independent examiner for:
	Independent examination of the financial	statements		500	500
				৶৶৶৶	৶৶৶৶
14.	Staff costs
	The total staff costs and employee benefits for the reporting period are analysed as				follows:
				2021	2020
				£	£
	Wages and salaries			44,671 ৶৶৶৶৶৶৶৶	55,228 ৶৶৶৶৶৶৶৶

15

Food For The Brain Foundation

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2021

14. Staff costs (continued)

The average head count of employees during the year was 3 (2020: 3). The average number of full-time equivalent employees during the year is analysed as follows:

2021 2020 No. No. Administration 3 3 ৶৶৶৶ ৶৶৶৶

No employee received employee benefits of more than £60,000 during the year (2020: Nil).

15. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

16. Tangible fixed assets

			Equipment
			£
	Cost
	At 1 July 2020		–
	Additions		13,800
			ৄৄৄৄৄৄৄৄ
	At 30 June 2021		13,800
			৶৶৶৶৶৶৶৶
	Depreciation
	At 1 July 2020		–
	Charge for the year		3,450
			ৄৄৄৄৄৄৄৄ
	At 30 June 2021		3,450
			৶৶৶৶৶৶৶৶
	Carrying amount
	At 30 June 2021		10,350
			৶৶৶৶৶৶৶৶
	At 30 June 2020		–
			৶৶৶৶৶৶৶৶
17.	Debtors
		2021	2020
		£	£
	Trade debtors	350	1,666
		৶৶৶৶	৶৶৶৶৶৶৶

16

Food For The Brain Foundation

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2021

18. Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	895	6,360
Accruals and deferred income	6,809	–
Social security and other taxes	1,500	–
Other creditors	788	2,119
	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
	9,992	8,479
	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶

19. Analysis of charitable funds

Unrestricted funds

	Unrestricted funds
							At
		At 1 July 2020	Income	Expenditure	Transfers	30 June 2021
		£	£	£	£		£
	General funds	2,750	27,860	(55,880)	80,588		55,318
		৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶
							At
		At 1 July 2019	Income	Expenditure	Transfers		30 June 2020
		£	£	£	£		£
	General funds	2,750	25,205	(76,080)	50,875		2,750
		৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶		৶৶৶৶৶৶৶
	Restricted funds
							At
		At 1 July 2020	Income	Expenditure	Transfers	30 June 2021
		£	£	£	£		£
	Restricted Fund	104,161	–	(10,521)	(80,588)		13,052
		৶৶৶৶৶৶৶৶৶	৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶
							At
		At 1 July 2019	Income	Expenditure	Transfers		30 June 2020
		£	£	£	£		£
	Restricted Fund	168,935	–	(13,899)	(50,875)		104,161
		৶৶৶৶৶৶৶৶৶	৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶৶
20.	Analysis of net assets	between funds
				Unrestricted	Restricted		Total Funds
				Funds	Funds		2021
				£	£		£
	Current assets			55,318	13,052		68,370
				৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶
				Unrestricted	Restricted		Total Funds
				Funds	Funds		2020
				£	£		£
	Current assets			2,750	104,161		106,911
				৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶৶

17