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2021-06-30-accounts

Charity Number. 1136234 Company NuThber: 07012686 BEYOND FOOD FOUNDATION (A ReEiStered Charity) TRUSTEES. REPORT AND FINAY4CIAL STATEMENTS FOR THE YEAR TO 30 JUNE 2921 *AB¢+YGbd)14 3110312022 COMPANIES HOUSE

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BEYOND FOOD FOUNDATION 'FINANCIAL STATEMENTS FOR THE YEAR TO 30 JUNE 2021 CONTENTS REFERENCE AND ADMNISTRATIVE DETAILS TRUSTEES, REPORT STATEMENT OF DIRECTORS, RESPONSIBILITIES INDEPENDENf EXAMJNATION REPORT STATEMENT OF FtNANCIAL ACTIVITIES BALANCE SHEET io NOTES TO FINANCIAL STATEMENTS

BEYOND FOOD FOUNDATION REFEREN E AND ADMINISTRATtVE DET STATUS Company limited by guarantee withoui share capitsl. REGJSTERED OFFICE Btyond Food Foundation. Floor l. The Fir¢ Stsiion. 139 Tooley Streel Londort SEI 2HZ REGISTERED NUMBER- COMPANIES HOiJSE 07012686 REGISTERED NUMBER~ CIiARITY COMMISSION 1136234 TRUSTEES P Purewal (Ch&ir) M Mi1¢5 apkN)ind 20 Apffil 2021 and as Chairnian 25 May 2021 continuin& resigrted as Chairnlan 25 May 2021 continuing ¢ontinuing apw)ini¢d 6 O¢iober 2020 continuing cortlbnuinB coniinuing continuing O Hah I Isadorn l MacEa¢hem S Malone Ama P Miles P RÉchardson There has been no change in the Tn￿lee5 since year end. SECRETARY O Halch continuing

BEYOND FOOD FOUNDATION STEE The TN4ees of the Beyond Food Found¥ion (BFF. the Company or the Foundation). who are also Directors for the purposes of the Companies Ac¢ h&i'e pleasure in presenting their repon and the financial statements for the year ended 30 June 2021. Th¢ Financial Statements have been prepared in accordaft¢¢ with current stawtory requirements. Ihe Ststement of Recommended ProCti¢e {sOR￿)- Accounting and Reporting by Chariti¢s issued in 2015. The referen¢e and admini5trntive dethils set out on page 2 fomi pfirt of this r¢port. The Foundation is a Company limiied by guaraniee and governed by memornndum and artlcles daied 6 July 2009. The Company is regi￿ered under the Companies Act 2006. registration number 07012686 and also registered as a charity on 7 June 2010. charity registration number 1136234. The Company is limiied by guarantee and doB5 not have a share capiial. The Foundation was incorFKirated and comm¢nc¢d operations on 8 September 2009. On 19 April 2010 the Company changed ils name from the Beyond Boyle Foundation w Beyond Food Fourtdation. * REPORT ari ble A tivi The Foundation works to help provide funding to motivate and inspire people who have been ai risk of or experienced homelessne55 to gain meaningful employmenl. While meeiing these objectives. the TTusiees have due regard for the Chariry Commis5ion¢rs' published guidance on public benefit requirements. inneil R The resulis for the year are shown on page 9 and Show a Su￿1V5 in in¢ome over expenditiwe over the year of £7.14812020.. £42.930). The lower surplus generated in 2020121 compared ivith the FKiOf year refiects the impad of the covitk19 pandemic. both through Brigade Bar + Kit¢hen (BB+K) being closed for large parts of the year due to the genernl lockdowiTr provisions and the dire¢t and indir¢et impaci on a number of the Foundations. current and past beneficiaries who were supported with ex grntia hardship payments through the year. The Tru5tc¢s Kknowledge and ar¢ grateful foT th¢ ongoing 5UPPOrt ffceived from donors. partieularly in such ditTi¢uli circumswiGe4 who underswid in ￿11 the yayity of the homelessness siwaiion and th¢ ivork BFF does for many of our benefi¢iarie5. Rae The Trustees. polTCy IS to build modest Teserves (repTe5enting approximaiely thr¢e months of ¢)ngoin8 Costs or eirca £100-120,000) $0 as to faeilitai¢ the conthnuation of our programs through peaks 4nd troughs in our income and expendiwre 5rreams. Reserves at 30 June 2021 of £55.446 (2020: £48298) remained below this l¢vel due to the unprecedented circumstances experienced this year. Hoivever th¢ Trustees ¢onsider the level of res¢ryes held #t 30 June 2021 to be reasonable irt these challenging ¢ircumst&nces and aim to build reserves over the ¢ourse of 2021122 and beyond toward the policy tsrget level. The Post-Balance Sheei Eveni referred io later in thi5 report provides early comfort in this rtgard.

oard ommitt tsff W¢ h4v¢ used the time during th¢ year 2020-21 and the period of the COVID-19 pandemic in three main ivay& l. Reach-oui support work to eximing. p￿t and neiv beneficiarie5 We have run a series of tTaining programmes E*)ih vtrtually and in petSOA b. Offered mentsl health supN)rt ihrouEh volunteer qualified psychologists Created opwrtunili¢s for broader ¢xp¢ri¢nces includin8 our Freshlife proces5. Beyond the Classroom programme and ivork experien¢e 2. Continued le8rning for our current beneficiaries Created live stream l¢arnin% b. Hit TraininR resumed in person On the.job lewning through Brigad¢ operation 3. Refreshed all charity management pro¢esses 8. All policies and procedur¢s are up to date b. Refreshed website Financial systems overhaul d. Renewed fiJndr8ising pipeline and eharitsble events str81¢8y The Board of Trustees has found a new Chairnian. Pars Pureival, a retired senior14vC partner, with ¢xiensive experience in the ¢orpoAie world. Ls well As relevant charity and chairing expertise. Pars also hap￿rted to b¢ a big supporter of BFF'S ivork- within Brigade. previously bringing his ¢lients to dine at Brigade fTequentty. Pars and his fellow Truste¢s have refreshed the ivork of the tsvo existing sulpcomrnillees for Financ¢ & Funding Raisin% and Governance lo ensure we are const8nily lookin& ai ihe mosi appropriaie iyay (o conduct our work in the community in a 5usiainable and 4ppropriai¢ manner. Pars has also recently launched a new su&committee in Marketing and Communi¢•tions to enhance ihe way BBF connects wilh potential funders and benef￿lar1e& In addition, earlier in ihe year the Management and Trusie¢s ideniified a skills gap in the staff team and recnjiied a full-time fiJndraisin% manager to addre55 ihis Rap. This is a very posilive step and we are starting io see ihe dividends already. We have a150 InCr￿¢d our support team. Ihereby providing more effective and eomprehensive support for beneficiafies throu8houi the week. l#keholders The BFF Board and Tnjstees would like to record their sincere thanks io lis stskeholders: the principal stskeholder is UK. who a￿ a founding partner and principal funder. the chosen outsourced employmeni partner B￿lersloreY. who are very much at th¢ he4rt of what ive do, supplying pwll. HR seEvices and direct employnient opportunities for our apprentices. BFF a150 aim to creaie new ¢orpornte ￿rtnerShIpS. for example CVC Capithl Investments ivho are not only supporting the core or￿niSation. bui also the creaiion and launeh of the neiv Made Again programme {5ee beloiv). We have 5igftifieantly increased our relationship with the Fishmongers Livcry Company and fornied a collabordiion with a felk)w chaTity. Cat Zero. on a proj¢¢t near Grimsby.

I snd BusinLs% ommwni BFF has done much positive work this year in reaching oui into ourcommunity. both in the London Bridge area and beyortd. This has included public sector of8anisations involved in unemployment and homelessness as well &$ the local borough councils. BFF has also worked with s¢veral livery ¢ompanies and guilds. pani¢ularly those from the catering sector. In the privat¢ secior BFF has worked with severnl big bu5ine5ses including those in hospitslity and ¢at¢ring s¢ctors. as w¢ll as local busirt¢ss setvi¢¢ providers. BFF 1$ dedicated to developing better links with them and many more. both in order to provide a strong service within the community. and w gain as much wpport as p055ible for the charity and ils beneficiaries. An example of this •pproach being successfully applied this year is BFF'S work ivith LEAP, a pupil Teferral unli for young vuln¢rnbl¢ people that have fallen through the ¢rack5 of ¢dU￿tiOn. Within LEAP specialist programmc each pupil receivcs dedicated education. LEAP have partn¢red ivith and fibnded Beyond Food to pilot the Beyond the Ctassroom programme. B¢Defieiaries Stra Reflecting on its strategy for eng82ing ivith potential future benefi¢i8ries. BFF held a series of focus groups in the summer of 2021. Groups Consi￿ed of a mix of pa54 presenL and future Ixneficiaries, refenal the monagemeni of homelessness organisatiofts and Job Centre advisers. The BFF ieam learnt a great deal from ihese group5. Notsbly fe¢dba¢k on our use of communication across all stakeholders and b¢nefi¢iary groups was enlightening and we have now storted io communieate in a far simpler way. io much more tsrgeied audiences. We hope this will rnoke a profound diffeyenee to our recruitment prncess and Tettinment fi8ure5 in 2021-2 #nd iwond. Charitsble Events- rnisin and *VArene$5 During 2020-21 w¢ uftderwent a substantial maneuver io our own chari&bl¢ event Str4t¢&Y. Working alonE5ide an event pamer. Créme Conferenee5. the refreshed straiegy started with a series of live streams over the Christsn&$ 2020 pffirxt. followed by a number of events with companies wishing to support BFF in the reopening of BB+K. With well over £60.000 of event donations to date (IMAh pre and post y¢aT end 30 June 2021k this strdtegy will r¢main a focus for the re￿ of the year 2021-22. Additionally we conttnue lo run our Feag Supper Club which. though not a hug¢ fundraising model. doe5 increase awareness of th¢ Charity. its objeeiives and achievements. We aim to host a large gala dinner I￿er in the 2021-22 financial year. Overall the Tn55tees have been very pleased with BFPS progress during this financial yeAr. From a Financial perspeciive costs were closely controlled and our fundrnising Slrntegy was successfully refresh¢d. We are Pl￿ed to have ¢oncluded the yew with • small surplus. This was a welcome finish to an extremely denwidin8 year. The team worked very hard in difficult ¢ircumstance5 and felt the full support of the Tru￿¢¢5 and Chair. Ahhough there are likely ￿ be iough times ahead f(Y our communities. BFF is pleased to have risen to the Considerable ¢hallenges this year brought. As a small ¢harity. BFF has mad¢ positiv¢ changes within the organi￿tIon io pui us on io a good fooling for the year ahead. BFF has drnfted in consid¢rdble amount of ¢X￿niSe ￿ the or8anisaiion ond balaneed many different relationships in difficult circumstknce5 to achieve these results. .The BFF Board and T￿￿e¢S are proud of the a¢hievements to dale and are now MIOTking on the next 3-year strate8y. Where should we lake the successful methL)Jology next? A￿ other hospitality partnerships. such as our uniqu¢ partnership with Brigade, an oplion? How many people do lye think

we can realisiically 5UPPOrt in our current capacity? Where will neiv supporters like to see the ¢harity progress io? All are 8ood questions that are CVTrenrly being ¢onsidered and debated by the CEO 8nd Trusiees as BFF seeks to firni up ils strateLv for th'e years ahead. The charity as always ivill share its stsategy with principal partner$ and hopefulty gairt even mort suw)ort thertafter. New rnmm¢5 for 2021- BFF m¢wes into revt Beyond the Classroom 15 an enrichment programme aimed at Yulnerable young people who are being xcluded from society at a crucial time of their lives. 16-24 are the ages when we start having to tske care Of Ourselves. If you have come fmm • negleeied or ¢rnum81ized family background lh¢ chance5 are that edu¢ation is nol your 51rong suit. Add the fact that m8ny Yulnerdbl¢ people are without a saf¢ place io live ar 17 years old and it becomes an IM￿SSible SiDJaiion. No home and no qualifications lead io no job. rto income. and no hope. BFF is working with pupil rtferral units such as LEAP. youth offending servic¢4 the Care service and other youth 1￿Me1c$$ne$S projects to offer our new programme to their benefKiaries. Beyond Coffee ts a move-on progTamme from Beyond ihe Classrwm, offering a real chance for our b¢neficiaries to move into ihe hospitaliry sector utilÈsing their skills and on th¢ job trnining as ivell Us the 5UPPOrt BFF offers to hold down a viable. sustsirtable. meaningful career start. Due to Brexii and the COVID pandemi¢ our employmeni partners are now frequently short siaffed and keen on our young brighi benefici4ries. We hope these programmes 8nd ¢)ur employment parth¢rs' needs will marry up perfecily post pandemi¢. P $1 BAIArRee heet Evén On 27 October 2021 BFF were gifted 6.609 shares in Reaction Engines Limited by a Corpornte sponsor of the ¢b￿lty. Reaction Engines is a privaie company and BFF'S 5hareholdin8 rep￿sents O. 1% of lis sh8re ¢apital. ¢oDsequenily valuation of this shar¢holding is diifi¢ult and subj#iive. The Trustees ini¢nd to kll the sh•res and r¢ali5e their value as soon as it is prdctieable to do so. A5 Reaclion Engines is a private company it 15 uncertain when su¢h an opportunity may 8rise. Follo%vin8 illltial discussion5 the Trusitts curreni estimation of ihe value of ihese shares is £125.000. The value of these shares i¥hether realized or noL will be refle¢d in Unrestr•cted Reserves. Aeeount P¥t Conetrn Thes¢ Financial Stai¢ments have tttn prepared ¢)n the Going Concern basis. Having ¢onsider¢d the foreseeabl¢ for the Fotsndation ihe Truses content ihat this is appropriaie.

BEYOND FOOD FOUNDATION ORS. R POP4 The Trnstees (who are also Dirxtor5 of the Foundation for the purposes of Company La%v) ale responsible for preparing the Trnstees. Report and the Financial Ststements in aecordan¢¢ with opplieable law5 and regulations. Company L4w requires the Trumees to prepare Financial sta￿rnents for each Financial Year ivhich give a artd fair view of th¢ sthte of affairs of the Company and of the SUTplus or defi¢it of th¢ Company for that period. In p￿ParIng those Finan¢ial Ststements the Trusitts are required to." Selcct suitsbk accounling poli¢ie5 and apply them ¢On51￿nitY Make judg¢ments and esiimates that are reasonable and Pn￿ent Stste ivhether applieable ￿0￿ni1￿8 slandards have been followed subject io any material departures disclosed and expkined in the Financial stateM￿ts Prepare Financial Stsiements on a going concern basi5 Unle￿ it is inappropriate to pr¢suni¢ that the eomparty will contintse in business. The Trus￿$ 4re responsibl¢ for keeping pn)per accouniing rwd5 which disclose with T¢Osonable accur4cy #i any tim¢ the finoncial position of the Company and to enable them to ensure that the Financial Statements comply with th¢ Comp4nies A¢t 2006. Th¢y are also responsible for safeguarding of assets of the Company and hertce for tsking re850nable 5￿pS for the prevention and det￿tion of fraud and other inegulariii¢s Y ORDER OF £ BOARD Purewa Chair of Trustee5 25 Febnjary 2022

BEYOND FOOD FOUNDATION DEPEND NT ON TTO Tru I report lo the charity Trnstees on my examination of Ihe accounts of the Company for the year.¢nded 30 June 2021. which are set oui on pages 9 to 13. This report is made solely to the ¢haritable company s Trustee4 as a body. in accordance with Chapter 3 of Part 16 of tlte Companies Act 2¢YJ6 and the chartiable company's Trustees a5 a body in a¢cordance with section 154 of the Charities A¢1 2011. My independenl ¢x#mirter's work has be¢n undertaken 50 that I might state io ihe chariiablc Company's TTusiees those m4tt¢rs l am required to state to them in an independeni examiner's report and for no other purpose. To the fullest exieni pemiitt¢d by law. I do not accepi or assum¢ responsibility to gnyon¢ other than the ¢harithble company. the charitable company'$ members as a bcAly and the charitable company's Truskees as a body for my independent examiner's wo￿. for this repoTL or f(K the opini¢)ns I have forned. Rospotrsibilities and bosis of report As the charity's Trustees of the Company {and also its Dire¢iots for the purposes of Company Law) you or¢ responsible for the preparation of the accounis in accordance with ihe requiremenis of the Companies Aet 2006 ('the 21)06 Act.). Having satisfied myself ihat the accoun15 of the Company are not required to b¢ audited under Part 16 of the 2006 Aa and are eligible for independent ex8mination, I report in respect of my examinaiion of your charity's accounts a5 carried out under section 145 of ihe Chariiies A¢1 2011 ('the 201 l Aci.). In carrying out my examination I have folloived the Directions 8iv¢n by the Charity Commission under section 145(5) (b) of the 2011 Act. l*dependeDt examiner's statement I have compleied my examination. l ¢onfimi thai no marters have ¢ome io my atteniioft in connection viih the examination giving me Cause to beli¢ve= accounting r¢cords were noi kepi in res￿[ of the Company a5 required by section 386 of the 2006 Act. or 2. ihe accounis do not accord ivith ihose rec¢Nts: or 3. the a¢¢ounts do not comply with the x¢ounting requirements of seetion 396 of the 21))6 Aet other than any requiremeni thai the accounts give a'true and fair view which is a matter considered as part of an independent examinaiion. or 4. the accounts have noi been prepared in accordance with the methods and principles of the Stst¢menl of Recommended Practice for accountifEg and ftporting by charilies {#pplicable io charities preparing their accounts in accordance ivith the Financial R¢kx)rting Slandard applicabl¢ in the UK and Republi¢ of Ireland IFRS 102). I have no con¢ems and have ￿me across no other m#tt¢rs in conn¢¢¢iort wilh the examination to whi¢h 8tt¢ntion should be draivn in ihis report in order to enable a proper und¢rslanding of the accoynts to be reached. Richard Baker Chartered Accountani Crowe U.K. LLP 55 Lud8ate Hill London, EC4M 7JW 11 March 2022

BEYOF4D FOOD FOUNDATION sTATEmE￿r OF OncorporatiDg an Income and Expendithre A¢¢ount) FOR THE YEAR ENDED 30 JUNE 2021 Total 2021 2020 mefr Don81ions (Note 2) Unrestricted 417.864 416.040 Restricted 70.216 56.660 Totsl 488.080 472.700 ettd'ture OD Charitable A¢tivilies (Note 3) Urtrestricted (411.090) (404.603) Restrieted (69,842) (25.167) Tot•1 (480.932) (429.770) Net Incoming Funds 7.148 42.930 Total Funds at l July 48,298 5,368 Totsl Fund$ at 30 Jutte 55.446 48,298 The noies pages 11-13 fom) part of the Finan¢ial Sts*m¢nts. The Swemcnt of Financial Activities includes 411 gains and losses recognised in the year.

BEYOND FOOD FOUIWATION BALANCE SHEET AS AT 30 JUNE 20ZI 2021 2020 CurreDt Asse15 Cash ai Bank and in Hand 182.607 94.243 Accrued Income (Note 4) 25.341 Total 182,607 119.584 Current Liabilities Payables (Note S) (103.161) (71.288) Deferred Income (Note 6) (24.000) Net Current A 55.446 48.296 Total Ass 55.446 48.296 Reserv (Note 7) Unremricied Funds 23,579 16,805 Restricted Funds 31,867 31,493 Total Funds 55.446 48.298 The notes on pages 11-13 forn part of the Fina￿?81 Stsiements. The Trustees eonsider ihai the charity is entilled io cxemption from the requitemenr io have an audi¢ underthE provisions of se¢iion 477 of the 2006 Aei and the members have noi requÉred the chariuble etsmpttny to obtain an altdii for ihe year in queslion in accordance with seciion 476 of the 2006 Arl. The Trusi¢es have prepared accowlis in ac¢ordance Wkth s¢aion 398 of the 20Q6 Aci and 5eciion 138 of the Ch3riiie5 Aci 201 l. These accoun￿ ar¢ prepared in attordarKe with the sFecial prowsions of Part IS of ihe Companies Aci TegardiTI8 small Cofnpamies and COnSiitu* the accou￿s re9uired by ihe 2(K16 Act and afe for ¢irculaiioft to ihe memb¢rs ofthr ¢ompany. The Trust¢e5 acknowledge their re$F￿1b￿1lIies forcomplying with the requiremtnts of the Companies Aci 2006 with re5P¢Ct 10 attourbtirt8 rectsTds and the prepaniion ofa¢¢ounts. ihancial Statements tte aFvmved Md avihorised for issue by the Board and sigTbed (ffi its behalf by: 25 Febry¥ry 2022

BEYOND FOOD FOiJNDATION NOTES TO ThE F]NANCL4L STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 l. Principal Accounting Poli¢ies The prin¢ipal accounting poli¢ie5 adopted. judgments and kty swrtts of estimation and uncertainty in the preparation of the finJneial stsiements are as follows: i) Basis of preparion The Foundation is a public benefit entity. The Trnstees, report and the Financial Statements have been Prepared in compliance with the Chariiies Aa 2011. the Charities Ststement of Recommended Prnciiee (FRS 102) and Financial Reporting Stsndard 102. 'The Financial R¢Fx)rting Standard 4pplic#ble in the UK and Republic of Ireland.. Th¢ Finanei81 Statements hav¢ been prepared on • going ¢oncem basis under the historicll ¢ost nv¢nlion. The Trustee5 have no Teason to believe that a material uncertainty ¢Xi5ts that may ¢ast significant doubt on the ability of the Foundation to continue as a going concern. On the basis of their assessment of the Foundation's financial position. the Twsiees have a reasonable expe¢tation th41 the Foundation will be able to coniinue in operational existence for th¢ f0T¢se￿b]e fvture. Thus. they conlinue to adopi the going concern basis of accounting in preparing the annual Financial Statements. De¢4ils of the stru¢ture. governance and managemeni of the charity, including the risk rnanag¢meni and finan¢ial Yeview. are set Out in the Trustees. repcvt. ii) In¢ome l Deferred Incom¢ Income is Tecognised when the charity ha5 entitl¢meni to the fiJnd& any wfomianc¢ conditions attached to the iiem(s) have bcen met and it is probable that the income ivill be re¢eiv¢d and th¢ amouni can be mea5ur¢d reliably and is noi deferred. WTher¢ donations hve been receiv¢d over which performance conditiojis apply whi¢h are only capable of being mei in subsequent periods such donations ore reflecied as Deferred Income. rtotsvithstanding ihat ¢ash has be¢D received and a￿ only rtleased ￿ Income when the PErforni3Dee conditions have b¢ert met. iii) Reserves / Fund acc(yJnting Unrestricted fun¢ts a￿ available to spend on activities that further any of ihe Purp￿e5 of ihe charity. Restricted funds Ire donations which the donor has speclfied are io be solely used for particulu areas of ihe Foundation's work or for specifK projects it undertakes. tv) Expenditure and irrecoverable VAT Expenditure is ffc¢)gnised once the￿ is a legal OT constructive obligalion to make a payment to a tliird paity, it is probable that settlement will be requirnl and the amount ofthe obligation ¢on be measur¢d Teliably. Where appropriate, all expendilure 15 recognised inclusiv¢ of VAT and is Classified as Chariiable A¢tivities v) Cash at Bank and in hand Cash at bank is $tated #t the rtcon¢iled w4lues xn the bank a¢¢ounts And c¥sh in hand is ststed on the bosis of the money hekl 41 the time.

  1. Donations 2021 2020 Ineome from Donations nrestricted 417.864 416,040 estrict¢d 70.216 56.660 otsl 488.080 472.700
  2. Expe#dlture One Trustee received remuneration for certain duties undertaken in his role 8s Secretary to Ihe Trustees. The total gross cost io the charity in respeth of these secretarial duties during the period wa5 £3.959 (2020: £1.221). Apart from this. none of the Trusiees received remuneraiion or h8d any expenses reimbursed during the perÉod. Expenditure includes th¢ fee of £2.400 for the ind¢pendenl ¢x4mination of these finan¢ial statements {2020-. £1,800).
  3. A¢cru¢d ID¢ome Accrued income relates to donations made by diners at Brigade Restaurant during the year whieh are passed to BFF after the y¢ar ¢nd. No such donations wete outsthnding as at year end 2021 (2020: £25,3411
  4. Pa *ble5 2021 2020 A¢¢ruals 2.400 3.￿)0 Trdde Payabl¢s 100,761 68.288 ot81 103.161 71.288 Accruals of £2.400 relatss to profe55ional fees and LXPEn5¢$ outstAnding ai ihe y¢4r end (2020.. £3.000). Trdde P•yable5 of £100.761 relates to ihe direa ¢osts of charl￿ble A¢iivitie$ undertaken during April, May and June 2020 which ivere senled after the year end (2020.. £68,287)

  5. Deferred Income During the ye8r. donations amoynting 10 £24.000 (2020: nil) wer¢ received over which perfonnance conditio￿$ apply which had not bren met at ￿ar ¢nd. Such donation5 reflected 45 Defernl Income. notwithstsnding thai cash Iw been received and 15 reflected in c105ing cash balance5.

  6. Reserves 2021 2020 Urtre5trieted Restri￿ed Unrestricted Restri¢ied Total 31.493 Donations 417864 488 080 416,040 472 700 ertditure 411090 69.842 480.932 404.603 429 770 Closin 579 446 05 Durins the year, £70.216 (2020.. £56.660) of donaiion5 were received to a5SiSt with specific Programmes orto assTSi with ben¢fi¢iary H￿shIP. Such donations together with Similar donations in prior period& to the exieni that they have not been expended on the specific Pro8ramme ¢!r purpos¢ for which th¢y were granle4 are reflected in Restricied Reserves.

  7. Ultimate CotttrolliDg P¥rty The Trustees are the FOund￿lOn'S uliimwe controlling party. There were no related party transactions in the curr¢nt or prior period.
  8. Post Balance Sbeet EveDI On 27 O¢iober 2021 BFF were gifted unlisted shares by a corporate sponsor of the ¢harity. As an urtlisted ¢OTnpany valuation of ihis shareholding is difficult and 5ubjeclive. However following initial discussions the Trustees current ￿lMatIon of the value of the5¢ shares is £125.000. In due course the valu¢ of $har4 ivheth¢r Yealized or no4 will be reflected in Unrestricted Reserves V3