Company Number: 07012686 Charity number: 1136234 BEYOND FOOD FOUNDATION IA Reglst¢r•d Charltyl TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
BEYOND FOOD FOUNDATION TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 REFERENCE AND ADMINISTRATIVE DETAILS TRUSTEES, REPORT STATEMENT OF DIRECTORS, RESPONSIBILITIES STATEMENT OF FINANCIAL ACTIVITIES 10 BALANCE SHEET CASH FLOW STATEMENT 12 NOTES TO FINANCIAL STATEMENTS 13-18 INDEPENDENT EXAMINERS REPORT 19
BEYOND FOOD FOUNDATION TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 REFERENCE AND ADMINISTRATIVE DETAILS STATUS Company limited by guarantee withtxjt share capital. REGISTERED OFFICE Beyond Food Foundation. Floor 1. The Fire Station, 139 Tcdey Street. London SE1 2HZ REGISTERED NUMBER- COMPANIES HOUSE 07012686 REGISTERED NUMBER- CHARrrY COMMISSION 1136234 CHIEF EXECUTIVE S Boyle TRUSTEES P Purewal (Chairl M Miles O Hatch Iseuetaryl I Isadora l MaeEa¢hem S Malone A Mazza P Miles P Richardson All of the Truslees were in offKe throug1 the year. There has been change in the Trust since the ye8r end. BANKERS Natwest Bank. 1 Princes Stre81. London. EC2R 88P INDEPENDENT EXAMINERS Crowe UK LLP, Aquis H¢JJse, 49-51 Blagrave Street. Reading. 8erk5. RG1 1PL
BEYOND FOOD FOUNDATION TRUSTEES REPORT FOR THE YEAR ENDED 30 JUNE 2022 Structure & Governance The TnJstees of the Beyond Foc4J Foundation (BFF. the Company or the Foundalionl. who are also Directors for the purposes of the C¢)mpanies Act, have pleasufe in presenting their rewrt and the financial statements for the year ended 30 June 2022. The Financial Stslements have been prepared in aordance with curtent statulory requirements. the Stslemenl of ReeomffÉnded Pra¢li¢e ISORPI - Accounting and Reports'ng by Charitses issued In 2015. The reference and administrative detsils set oul on page 1 fomi part of this report. The Foundab'on 1$ a Company limited by guarantee and govemed by memorandum And artiele$ dated 6 July 2009. The Company is registered under the Companies Act 20C6, re9islralion number 07012686 and also registered as a charity on 7 June 2010, charity registration number 1136234. The Foundation was incorporated and eommenced operatsons on 8 September 2009. On 19 April 2010 the Company changed ts name from th8 Beyond Boyle Foundation to Beyond Food Foundation. nlsatlonal Structur The Foundation Board is responsible for all principle decisions regarding the Foundation strategy, charitable and fvnd-raising activity strategies. and charity staff remuneralion Iwhich is sel by reference lo appropriate charity sector benchmarks. Such de¢ision making 1$ infomd and supported by the recommendations of both the CEO. who attends all board meetings, and the ¢harity team and three board sub-committees responsible for.. Finance & Fund-raising, Marketing 8 Corrmunicalions and Governance. The CEO has day-104ay fesponsibility for and management of the Found3tion'$ Charitable activities in support of beneficianes and fund-raising lo finance beneficiary programs. which is undertaken by the CEO and the charity team. The Foundation's activities are primarily undertaken at The Fire Slalion, 139 Tooley Street, London. The 1st Floor offers training falite$, whilst the ground floor is a social enterprise restaurant- Brigade Bor & Kil¢hen IBB+KI m¥n8ged by Sear¢y$ l¥ member of the Weslbury Street Holdings Group, having previously been managed by another group entity. Baxterslorey Limiledl, a leading independent hospitality provider and operated by Beyond Food Community Interest Company 18FCICI. In line with the Foundation's oty"ectwes, 8B+K has provided apprent¢ceship opportuniligs for many of the Foundation's beneficiaries. The charity team, induding the CEO. are contractually employed by 88+K's manager, Searcys Iformerty Baxtersloreyl. and work for the Fouftdatson. Costs incurre(I by Searcys on the Foundation's behalf, including salaries, afe invoiced lo BFCIC the operator of B8+K. The Foundation rnakes discretionary donations lo BFCIC in resFect of this expenditure. The collaborative felalionship betsveen the Foundation, 8FCIC as operator and Searcys as manager of BB+K and employer of the charity team and of apprenlio beneficiaries is reflected in regular meetings beeen the the, including in regular Operations Committee meetings involving senior representslives of all three parties. Trustee appoinlmenls are approved ty the Board. ProspeclNe Trustees are tywcally identified either through the Truslees Unlimited neork or personal recomrrtndation. Charitable Activ Ob'ectives Activities & Achievements During the year to 30 June 2022. as it had been in the past. the Foundation's objectives were to help molivale and inspire people who have been al risk of or experienced homelessness to gain meaningful employment. While meeting Ihese obiectives, the Trustees had due regard for Ihe Charity Commissioners. published guidance on public tnefil requirements under the Charitses Act 2011.
BEYOND FOOD FOUNDATION TRUSTEES REPORT (CONTINUED FOR THE YEAR ENDED 30 JUNE 2022 The Foundation has sght lo meet these objeclwes through 8 devdoped Beneficiaries Strategy and proactive L(al Authority and Business Community engagement. Durino 2021-22 the Foundatlon deliverexl its CleCbveS through the follwng prLvJrammes: Made Again hdps individuals lo rwnise thar tranSferrae skills, identify new opportunii¢es and polenlially diversify their career in allemab.ve industries. Aimed al people who have been stuck betyveen being furtoughe(l and oul of work.. this programme wll help unlock the range of skills individuals have. open their minds lo drfferenl ¢)pp(wlunities and build their confidence to help them find and apply for a job. Broakthrough Kltchon - rAJr ¢yJtreach support programme. Thls programme enables us lo embed r pradice in multiple external venues. presenting lo large audiences such as schc¥)ls, prisons and Job Centres. Thrcwjgh this programme we signpost iawed groups lo seek help and use our expanding neNvorks and partnerships to largel appropriate and relevant opportunities lo potential beneficiafies. Participants come and experience something entirely new lo them-, cooking. Serving and eating in a professional training kilchen. The progfamme also engages individuals in taster sessions for short-tem work experience. Fr08hllfe & Beyond the Classroom (BTC) are aimed al individua15 fvrthesl away from work opportunities. for whatever reasons. These prc#Jrammes help individuals who need support. ¢0 focus on Iheir futu, identifying their barriers lo progression and understanding how lo manage and overcome these. The programmes provide refieclion. sdf awarene55, personal leadership and ownership whilst giving aspiralion for long-term change, promoling eareer opportunities and ambition to $et goals. BTC has in¢reased nefiCIary Impael through focused programmes and engagement opportunits'es for y(xJng adults. with enrichment programmes from Ihe age of 14. enabling access lo real work experien lo inspire them to look towards work opportunities, career goal$ and different networks of support for hdp and gUidare. We provide life enhancing skills through ckIng and understanding mental wellness links with nulrilion,. and exJx)se young people lo a support netsvork that emulates a family struclure. providing them a safe $e to be themselves, seek gLtidan¢¢ antl hdp whenever it is needed. Frt5hllle supports beneficiaries lo regain Iheir confidence and setfosteem. and provides the opportunity to secure suitable Work experience for Ih•r CV devdopmenl. BFF is partnered with like-minded organisalions, lo secure 9realer work experien opportunities and provide an experienced emrAoyable [1 of individuals, which is so desperaldy needed currently in the hospitality industy. For those not seeking work in hospitality roles. our work experience provides transfernlje skills lo move them fcrfward towards opptnitieS in other industries. Work oxpgrience - the Foundatson offers experience opportunities across the entire hospilality sectcy, with many skills being Iransferr8ble to other industries and career pathways. We tailor opportunities to Match the needs and career intenlions of indivsduals. We offer up lo 12 weeks engagement in work experience, hdping to build personal cx)nfidence, embed communication skills, undersl8nding leam cdlaboralion and tsking personal responsibility in getting a job and keeping it. ApprentIh1 - hislcically have been aimed al those who successfully COMete the Freshlrfe programrne and deryx)nslraled 'a commitment lo making a long-lemi life change and lo comFAet1119 the pprenti¢eship in hospitality,. During the year we have shifted our focus from apprenticeships to work experience due to a svJnrficanl dedine in numbers being able to engage and complete the apprenticeship programme due lo the difficulty many prospective candidates have in achieving the entry level English and Mathematic5 qualifatiOnS and the challenges for many beneficiaries of living on the comparatively low appTentihiP saary th[ghout the iwo year apprenticeship per¢od.
BEYOND FOOD FOUNDATION TRUSTEES REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2022 Pathfinder Aimed at those aclwely seeking employment. who need help lo navigate the omplexilies of finding jobs, filling in applicab'on fomis and updatin9 Cvs. We 5UPPOrt individuals lo search online for lobs, guide them through the process of applying for live vacancies and make positive introductions lo appropriate partners. We review transferrable skills and identify work opportunities that individuals may not have previously consided. We host mock interviews and provide feedback to individuals on perfornance. We also tslk about personal hygiene, clothing and appearance. ocal Aulho and Busi ement Dunng the year BFF has refined programmes lo supFort the changing needs of the community we seNe. Working with high profile corporates and high net worth leaders in southwa and the surrounding boroughs,. BFF has linked recruitmènt seivKe$ into wogrammes to increase beneficiaries, ae$S lo positive work placerrÉnt, focusing on identifying live job opportunities with lo¢al employers for our beneficianes. BFF has developed a ¢oherent strategy that supports l¢xal corporate engagernenl in fund-raising a¢livilies within BB+K. which increases local awareness and creates opportunibes for bèneficiaries seeking employment. BFF has continued lo 1caSe ils impact on young adults through workin9 directly with Pupil Rèfeiral Units, care leavers and pupils outside of education. Developing robust links that increase referrals of young people through organisalnS such as Crystal Palace Foundation. Workin9 Together Trust, Youth Criminal Justice Service and Only a Pavement Away. Th• Foundation has had a lon9-lasling, positive impacl, helping restore Feople's dignity and offer those in extreme need a 81 sense ol purF4)se. GO( food, kitchen skills and harnessing a sense of vitality has truly laid the grounthvork towards helping our benefiryaries contribute to society in meaningful ways. Having completed BFF'S programmes. our beneficiaries are better skilled, mole onfidenl and more fijlfilled individuals. Durin9 the yeaf beneficiaries participated in the following City & Guild assured programmes. Pr ramme Partici ants Pr ramme Descrl on Made Again Supporting individuals leaving prison or who have lost their jobs and potentially have Iransferrable skills Outreach support and referrals including Breakthrough Kilchen We engage wilh over 90 partner organisalions lo help us identify and engage with beneficiaries for our ro rammes Freshlife & BTC Supporting individuals who need help lo identify personal barriers lo work. career idenlificalion or guidan lo additional leaming opportunities. lo gain confidence. devebp life skills. understand the impael of choices and toxic relationships with substances as well as le. Work Ex rience 59 Providin skills lo secure work ApPrentIShipS Providing skills, training and developnEnl with a ualificalion on ¢xim letion Pathfinder 23 CV writsng. nK£k interviews. online applications and rsonal introductions for careef ro ression
BEYOND FOOD FOUNDATION TRUSTEES REPORT (CONTINUEO) FOR ThE YEAR ENDED 30 JUNE 2022 The impael that the Foundation'$ programmes have 15 perhaps best eXained by way of a recent beneficiary's case study.. Beneficiary.A was introduced lo B8yond Foc4* ty LEAP, 8 pupu r8fvffal unil supporting young people outside of m8inslream educalion. Beneflary-A was persistenlly involved in poslcode conllict from 8 veryyoung age and engaged th negative inlluences & substances. He was arresl8d for actual body h8rm and spenl six months wearing a 189, while awaiting a custodi81 senlenca. Beyond Foocl supported Beneficiary lo look inwardly 8t the chCeS he made, reflecling on r&laInship$, family nflicts and helped him lo s¢art to reftect on his low-term gools. 8eyond Food represenled a positive in17uence 01 Benefttciary-A's court hearing. switing a plea lo Ihe judge lo wJsid8r 8enefKiary-A's change in o11ilude since joining our Beyond The Classroom Kyogramme. Beyond Food confirmgd that 8&n8fi¢iary-A would be employed and supported by Beyond Food during andposl his sentencing. 8eneficiary-A received a non-cuslodial sent¢e, wilh an undersIalIrmj Ihal he mainloin Gonlacl and mains committed lo ourprogramme. WhKh Beneficwy-A d. He complelgd his B TC progr8mm& in Awl 22, progressed lo completin9 Iwk expernce lo galn the necessary skills he needed lo progress into a career in hospitality. Ben8fKiary-A h8$ now commenc8d a part.limeiob at The G¢ying Holel. .1 ve found some peace. all the ch80s in my tsad stops whèn I'm working in the kitchen. Following a slralegic revi toward end of th6 financial year. Ihe Fc1Jratson intends for the year 2022-23 and beyond lo broaden ils str81egy to become inclusive and support all vulnerable people (not restricted to those al risk of homelessness) thrwgh a series of prcgrammes aimed al helping a greaier number of individuals gain work experience, alongside life skills, ultimately helping them access the work force more quickly, wilhout the same emphasis on appntICeshIps as has been the case in the past due lo the increasing impact of the thallenges highlighted at)ove. Fl clal Rèvi•w The results fry the year are Shown on page 10 and Show a surplus in income over expenditure over the year of £125.83812021'. £7,148). As in prior years the Foundation has sc4Jghl to generate revenue from 8 combination of: Local Authority funding - payments received from Lccal Authorities in respect of beneficiarie$ referred lo the Foundalion's pr&3r8mmes. fjg. from Pupd Referral Units. DWP or Youth Criminal Jusbce Seryice. Grant funding - granis received from eharilable or ct)mmercial organisations. Earned Incomo - revenue Selfnera[ed from: li) donations ieceived from cuslomers ai BB+K, {iil Feasl Supper events run by Ihe Foundation. lili) one-off events run al 88+K by the Foundation f(x Corporate dients. often with the support an external events managemenl company, Ma5or Donors- large donations from, typ¢cally. Corporate sponsors of the F(rlatiOn on both a one-off and recurring basis. The result of Ihese activities was as follows: The result of these aclivilies was as ftjllows: Budget 2022 2021 Local Avlhority Grant Funding Earned Income Major Donors Share DonatÉon 200.0 105.000 85.0 280,000 20.000 104,628 178,981 183.093 125 000 84,775 42,903 341.002 Total Income LLOOO 611702 Total Expenditure Svrplus
BEYOND FOOD FOUNDATION TRUSTEES REPORT {CONTINUEDI FOR THE YEAR ENDED 30 JUNE 2022 That such a large surplus wa5 generated is p0MlantIY attributable lo 8FF having been gifted shares valued al £125,000 in Reacbon Engines. an unlisted private company, by a corporate sponsor of the Foundation on 27 October 2021. The Trustees intend lo sell the shares and realise their value when it is practicable lo do so. As Rts"0 Engines is a private company it is uncertain when such an opportunity may arise. This donation aside. the Foundation effectivety Qke4Ven during the year. The lowef surplus generated in 2021-22 {exduding Ihe share donation) compared with the prior year reflects lil the far lower level of Local Authority support for I take-up of Foundation Programme places than we had anticipated would be Ihe case and lill the challenges BFF has faced in raising tunds in an increasingly strained economic envir¢)nmenl. wheie both Major Donors and Grant Funders are inundated with applicab'ons. Together with the challenges faced by beneficiaries in accessing the work ptace this has been a central driver of the evolutson of the Foundation's slrale9y for 2022-23 and beyond. In response to these ehallenging conditions BFF made the decision in the middle of the year to slralegically partner with a successfvl evenl management Company lo increase self-generated Earned Income opportunities and develop an incfeased level of professional delivery and management. This also provides benchmarking and Ifainin9 OPPDrtunilies Ihose who engage in organised events. This partnership has increased BFF'S access lo external venues that has extended awareness furthei. BFF has also developed unique expenences for eorporale fundraising and engagement, which increases into and opFortunilies for proTrbor support. These ale in addition to our Feast events (supper clubs) which increase awafeness and specific fund raising campaign$. No material expenditure wa$ incurre(I during the yeaf speeifieally lo raise income in future periods. All fund-raising related expendire has been charged lo the Income and Expenditure aceounl when incurred. The Trustees acknowledge and are gratefvl for the ongoing support received frorn donors, particularty in Sltch difficuf( cir¢umstances. who undetstand in full the 9ravity of the homelessness situation and the work 8FF does for many of our beneficiaries. eThes Poll The Tru51ees' policy has been to build selveS Irepresenb'ng approximately the months of ongoing costs or ¢irca £125.000} so as lo facilitate the continualn of our programs through peaks and trough$ in our income and expenditure streams. Reserves al 30 June 2022 were above this level at £181,284 {2021.. £55.4461. However the Trustees are conscrous that a material portion of such reserves Irepresenled by the shares in Reaction Engines) are held in illiquid assets and as such it MaInS the Trustees objeclive lo continue to build liquid $*f¥eS over the course of 2022-23 and beyond lo support the Foundation's ongoing obiectNes We intend lo do so by ntsny1ng to maintain close control over costs and expenditure, maintainin9 a proaetsve approath lo fvnd-raising and prudent budgeting.
BEYOND FOOD FOUNDATION TRUSTEES REPORT (CONTINUED} FOR THE YEAR ENDED 30 JUNE 2022 anisational Achievemen The charity team has used the time rIng the year 2021-22 and the pwM)d of the COVID-19 pandemic in three main ways. 1. Reach-out supp¢y¢ work lo existing. past and new beneficiaries a. We have increased our training prcgrammes from once per year to five limes per year b. Continued aijdilional sUprt such as counseling Ihrough qualified practrtioners Created opportunities for broader experiences iluding our Freshlife process. Beyond the Classroom programme. work expen"ence. the Palhfinder programme and our inspirational week of aspiralional opportunities and experier 2. Conlinued learning for our Cufrenl benefioartes a. Created drop in ses$ion$ to support financial healih checks and positive mindset management b. Hil Training workshops h¢ deliVed to supptyt qualificalK)n level training On Ihe job learning and w¢yk expenence through 88+K operation 3. Embedded charity managemenl processes a. All policies and prowlures have been revi•ved b. Website and social media plattoms have been maintained with strategy changes and messaging c. Financial Systems CltInUe lo be revithved a1 adapted to ensure W are fil for purpose and robust with external moderalion through Ihe Fund Raising Regulator Body d. Renewed fvndraising pipdine and charitable e¥ts strategy The change in some key personnel has empowered us lo refine systems and pKYesses linked lo job rdes, embedding robusl checks lo supwt effeclive changes lo h¢)w the Foundation ¢onlinues lo grow impact. The Trustees have fo¢u8ed on the following durirwJ the year undw review.. Embedding the committees $tru¢lure which has enhan¢ed our overall governance arran9emenls 2. Carried out a review of our strategy and agreed for the year 2022-23 and beyond lo expand our focus to helping vulnerable people back into society thiough shorter programs aimed 81 securing work experience for a greater number of individuals thereby intxeasing c4Jr reach and impact 3. Enlisting the help of external professionals where our inlemal skill sets require further supp1 lo achieve our goals an¢J aims. For example we have enlisted the hdp of a professional events leam who have helped us detivery a higher quality service and improve (yjr retum on events. We have also cen11Y engaged with an organisalion who wll expand our reach in lerms of fund-raising. The 8FF Board and Trustees would like lo re¢ord their sincere thanks lo the Foundation's key stakeholders.. PWC UK, who are a founding partner and a principal funder,. the chosen outsourced employment partner for the majority of the year. BaersIoreY, who have been very much al the heart of what we do. supptying direct employment opportunities for 8FF's apprentices. Followng a change in conlracl al 8B+K in May 2022. we look fThard lo working with Searcys in this rc4e in Ihe years ahead. During 2021-22 we have signrficanuy increased our ratnShip wth the Fishmongers Livery Company and fornieij a collaboration with a fellow charity. Cal Zero. on a proj'ect near Grim5by. We have also initiated puiposeful links wth The Felix Project through apprenliceship pl8MentS and we are looking to grow the collaboration IhrLNJgh joint proiecls. Notably. we have also benefiled from the commencement of a three year funding grant thrcyjgh Lloyds Bank Foundalion. SUPFK>rting core costs.
BEYOND FOOD FOUNDATION TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 Looking ahead. central to 8FF's future strategy will be plans to ereale new and meaningful corporate partnerships. Sueh partnerships will be driven through dovetailed impact and purpose, which will benefit work engagement for our benefiryaries and ineome Streams or fund-raising opportunities. Outlook Risks & Unce Intles Overall the Trustees have been very pteased 8FF'$ progress during this financial year. From a Financial perspective, cLists were closely controlled and our fundraising strategy was successfully refreshed. We are plea$ed to have concluded the year with a small operating surplus based on what we would characterise as 'normal activity.. This was a welcome finish lo another extremely demanding year. The, in all likelihood, one-off share donation received in October provides an important and valuable additnal reserve which will help secure the Foundation's fvlure sustainability, particulady in light of lh¢ confinuing challenges in the fund-raising environment. Novilh$18ndlng the BFF Board ol Trustees, pride in the aChVeMentS lo dale. the year*nd was an opportune lime lo review the Foundation's approach and IU5. not least given the challenges in obtaining the volume of beneficiary applicants we would like and are able lo support and seeing them succe$$fvlly complete programmes, particularly apprenticeships. This review has completed and we have recently finalised our strategy for the next 3-years on the back of it. This has been shared with our prinapal partners and we are pleased to have their support and backing. The Strategy will extend our focus lo all vulnerable people. not just the hOlesS. expanding the numbers of people we help". wilh an emphasis on supp)rting these people to gain meaningful work experienee and subsequently employmenl. Rlhef than on Providing a comparatively smaller number of apprenticeships. 8FF are spOnding lo the current economK needs of soei6ty by al¥0 developing a programme lo support the cost of living crisis. This programme will impact communitses in London. Oelivery of the support will be cascaded through workshops, shared tcolkils and drop in support sessions. Our 8¢yond the Classroom programme pro9$sed beyond the Pilot stage and in 2022-23 wll be delivered as an evolved proofamme suecesslully benchmarked and assured by City & Guilds. In seeking to deliver the new slralegy, the principle risk and uncertainty to which the Tru$lees believe BFF is exposed is the challenging economic environment and hh level of demand for donations and grants from Donors and Grant Funders. making Ihe charitable fvnd-raising space more eompelilive Inan it has ever been. with a consequent impaci on the predietabilty of lulure income. We have responded to these challenges, successlully lo dale, through flexing our approach so as lo increase Eamed Income and in 202213 starting to work with an extemal agency to supwrt our Grant application process. Post Balance Sheet Events There were no &gnificant post balance sheet events to port. Account Pre These Financial Siatements have been pPared on the Going Con¢em basis. Having considered the foreseeable fuluie for the Foundation the Trustees are content that this basis is appropriate. ratlon - Goin Concern
BEYOND FOOD FOUNDATION TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022 TATEMENT OF DIRECT RS. RESPONSIBILITIES The Trustees (who are also directors of Beyond Food Foundation for Ihe purposes of company law) are responsible for preparing the Trustees, Annual Report and the financial slalements in accordanee with applicable law and United Kirwom Generally Accepted Aecounting Practice (Uniied Kingdom Accounling Standards). Company law requires the Trustees lo prepare financial ststements for each financial year. Under company law the TnJslees must not approve the financial stslements unless théy are satisfied thal they give a true and fair view of Ihe stale of affairs of the charitable eompany and of the inwming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these finar101 stalemenls. the Truslees are required lo.. select suitable ac*thnting pdicies and then appty them consistenY', observe the method$ and Prin0e$ in the Charities SORP.. make judgments and estimates thal are reaslxbable and prudent.. state whether applicable UK accthjnling slandards have been fdlchved. Subject lo any material departures di5ded and explained in the financial slalements.. and prepare the financial statements on the going concem basis unless it 15 inappropriate lo presume that the charitable company will Gonlinue in iSiness. The Trustees aro responsible for keeping adequate accounting reId$ that are suffidenl lo shthv and explain the Gharilable company's lrydnsa¢lions. disclose with reasonable accuracy al any lime the financial posilion of the charitable company and enable them to enstjre that the fin8ncial statements comply with the Companies Act 2006 and the provisions ol the charity's conslitutitin. They are also responsible for safeguafding the assets of the charity and hence for taking reasonable steps fof the prevention and deleclion of fraud and other ifregularilies. This report has been prepared in accordance with the spla1 provisions of Parl 15 of the Companles Act 2006 relatin9 to $m811 ¢ompanies. Approved by the stees on 231d Marth 3 and signed on their behalf by: P Purewal Chair of Trustees
BEYOND FOOD FOLINDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2022 Ilncorporating an In¢om• and Expenditure Accounti Notes Unrestrictsd Restrlcted Funds Funds 2022 2022 Total Funds 2022 Total Funds 2021 Incomè and endowments from: Donations Local Authority Funding Grants receivable Eamed income Shares donated 109.558 73,535 20.0 183,093 20,000 104.628 178,981 125,000 341.002 20,000 84,175 42,903 104,628 178,981 125.000 Totsl Incomo Exyndlturo on: Ralslng lund8 71.277 71,277 55,040 Charltablè actSvltS•8 Cosl ol activities in furtherance of the ¢harity's objects 278 119 425 292 Total •xpondltur• N•t Income {exwndltur•l 310,422 1184.5841 125,838 7, 148 Transfers beeen funds 24 159 324 NET MOVEMENT IN FUNDS FOR YEAR 151.098 125,2601 125,838 7, 148 Funds at th• start of the y•ar 23 31 Fund$ at the end of thè yèar The Statement of Financial A¢tivrties includes all gains and losses recognised in the year. The notes on pages 1>18 form part of the Financial Statements.
BEYOND FOOD FOUNDATION BALANCE SHEET AS AT 30 JUNE 2022 cOmpY number: 7012686 Notes 2022 2021 Current Assets Cash al Bank and in Hand Investments Accrued Income 90,077 125,000 182,607 Current Liabllltl88 Payable$ Deferred Income (49.9441 (103,161) 00 Net Current Assets Total As80ts Res•rrf•3 Unreslricled FUNIS Rè51ricled Funds 174.677 23,579 Total Fund$ The Truste¢$ Consider that the charity is entilled lo exempth)n from the requlrement lo have an audit under the provisions of seeiion 477 01 the 21)06 Act and the members have not required the charitable company lo obtain an audit for Ihe year in quesb'on in accordance w41h section 476 of the 2006 Act. The Trustees have prepared accounis in 8ccc*dare with sedion 398 of the 2006 Act and section 138 of the Charities Ad 2011. These acc¢yJnls are prepared in accordance wlh the Special provisions of Part 15 of the Companies Act regarding small compan$ and constitute Ihe annual accounts required by Ihe 2006 Act and are ft¥ circulation to the membets of the company. These Financial Statements were approved arKI authorised f(x issue by Ihe Board and signed on its behalf by.. P Purewal". Chair of Trustees Dale.. The notes on pages 13-18 form part of the Financial Statements.
BEYOND FOOD FOUNDATION CASH FLOW STATEMENT FOR THE YEAR ENOED 30 JUNE 2022 2022 2021 Cash ftows from operatlng activiti95 Nel cash provided by operating activities (see below) 92 88 364 Cash flows from investing actlvltles Bank intèrest receNed Nel cash (used inyprovided by investing actNtties Cish flows from flnanclng activiti Bank loan repayments Bank interest paid Nel ¢a$h used in financing 8Ctivilres Change in cash and eash equivalents in rertIng perwxl {92.5301 88.364 Cash and ¢a$h •qulvalent8 at th• b•ginning of the reporting pèriod 182 Cash and cash equivalents at the end of the reporting pèritrj R•¢onclllatSon of net Incomo to nrt ush flow from opfrratlng aCtlvltlo8 2022 2021 Net income Adlu8tm•nts for Decreasellincreasel in Debtors DecaSe/(lncreaseI in Investments Increaselldecreasell in Creditor5 125.838 7, 148 116,151} (125.000 24342 Analysls and movement of N•t D•bt 2021 Cash flow 2022 Cash in hand
BEYOND FOOD FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 PRINCIPAL ACCOUNTING POLICIES The principal aceounling p(Ai¢ies adopte(I, judgments and key source5 of estimation and uncertainty in the preparation of Ihe financid stslements are as fdlcws.. 11 Basi$ of preparatlon The acccyjnts have been prepared in accordance with the Charities SORP {FRS102} appllcable to charilies preparing their aCcnIS in accordance with Ihe Financial Reporting Standards applicable in the UK and Republic of Ireland and the Charities Act 2011 arnl UK Generally Accepted Practice as11 applies from 1 January 2015. The accounts have been prepared lo give a 'true an¢J fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the exlenl required lo provide a 'true and fair view.. This departure has invdved fdlcwing AcMunting and Reporting by Charities preparing their accounts in accordance with the Financial Repcrting Standard aWicable in the UK and Republic of Ireland IFRS1021. 8eyorKI F¢)od FoLtndalion meets the definilion of a publlc benefit entity under FRS 102. Assets and liabilitses are inibally recognised al historical cost or transaction value unless olherwise slated in the rdevanl accounting poliw note. The Financial Siatemenls have been prepared on a going concem basis under the historical cosl convention. Tho Tru$lees have no feason lo bdieve Ihal a m8lerial uncertainty exists that may cast significanl doubt on the ability of the Foundation lo continue as a going cnncern. On the basis of Iheir assessment of the Foundation's financial position. the Trustees havo a reasonable expectation that the Foundation will be ae to conlinue in operational existence ts the foreseeable future. Thus. they continue lo adopt the going concem basis of accounting in preparing the annual Financial Slalemenls. Details of the structu, g¢>vemance and management of the charity. including the rtsk management and financial review. a sei oul in the Trustees, p0 511 In¢om• l Doferrgd Income IncCe is recognised when the charity has entiuemenl lo the funds. any performance conditions aiiached to the ilem{sl have bèen met and it is probable that the income will be received and the amount can be measured reliably and is rK>I delWl. Where donats'ons have been re¢Ved over which PranCe conditions apply which are only capable of being mel in subsequent pericds such donations are refiecled as Deferred Income, nolsndIng that eash has teen received. and are only released to Income when the performance conditions have been met. iiil Reseryes l Fund accounting untriCted fijnds are available to spend on actNities that fvrther any of the purposes of Ihe charity. Restricted funds repiesents grants or donations which the ¢Jonor has specified are to be sdely use(1 for PartUlar areas of the Foundalton's work or for specifie projects it undertakes. iv} Expgnditur• and irrecoverable VAT Expenditure ts reccgnise(l once there is a legal w construclNe obligation to make a payment lo a third paty, it is p(obae that seluement will be required and Ihe amc¥Jnt of (he obligation can be measured reliably. Where appropriate, all expenditure is wognised ind¥Jsive of VAT. Raising funds comprise the costs associated wtih attracting vdunlary inccrfne and the costs of fundraising activities.
BEYOND FOOD FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 Charitsble expenditure corrprises thc6e costs incJJrred by the charity in the delivery of its activities and services for ils teneficiaries. It includes both costs that can te all¢xated direcuy to such aclivib'es and those costs of an indirect nature necessary to Support therrL vl Cash at Bank and In hand Cash al bank is slated at the reconcikd values in the bank accounts and cash in hand is ststed on the basis of the money held at the time. vl) Crltlcal accountlng ludgemgnts and key sources of estlmatlon uncertalnty In the applicaln of the charity's accounting policies, which are described in note 1, Trustees are required lo make iudgernents. esbmales and assumptions about the earying value of Inveslrnents that are not readily appafenl from other sourees. The estimation and underfying assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these e$limates. The eslimales and underfying assumptions afe vieWed on an on-going basis. Revisions lo accounb'ng estsmales a reco9nised in the period in which the estimate is revised if the revision affects only that period or in the period of revision and future periods if the wision affects the cuNent and future periods. In the view of the Trustees. no assumptions coneeming the future or e5b'malion uncertainty affectin9 Ihe Investments al the balance sheet date are likely to resvll m a material adjustment lo their carrying amounts in the next financial year. ¥511 Penslon$ The charity's staff are empl¢)yed by Searcy$ If0erlY Baxtersioreyl. rather than the charity itself. As such the charity does not conlribule lo the personal pension plans ol employees. Tolal contributions in the year were £nil (2021.. £nl. There were no outstanding ¢onlnbutsons al the balance sheet date (2021.. £nil). CHARITABLE ACTIVITIES 2022 2021 Wages and 5alaries- admin Wages and salaries - delivery of aclivilies Hardship Grants lo 8eneficiarie5 Marketing Travel Office costs Equipment Training course (x)sts Professional fees Bank charges Irrecoverable VAT 91,851 211,827 4,035 6.040 7.980 307 2,926 23.256 13,691 57 93,904 217,186 19,855 11.544 927 1.958 1,205 17.276 7.030 54 Professional fees indude the fee of £4,0(M) for the independent examinab.on of these finanual slatemen1512021.. £2,400}
BEYOND FOOD FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 INVESTMENTS On 27 October 2021 8FF were gifted 6,809 shares Mi ReactvJn Enkynes Llmiled by a corporate sponsor of the charity. The corporate sponsor made an equivalent donation lo a number of other charities il SUPP¢Xts. Reaction Engines 15 an unlisled private company and BFF'S shareholding fepresenls less than 0.1 Vo of ils share capital, consequently valuation of this shareholding is drfficult and subjective, however the Trustees cijrrenl estimation of the value of these shares is £125.000. The Trustees intend to sell the shares and realise their value when il is practicable lo do so. As Reaction Engines is an unlisted private company il is uncertain when such an opportunity may arise. ACCRUED INCOME A¢wed income relates to donatitwbs made by diners al Brigad8 Restaurant during the year which are passed lo BFF after the year end and income from other fundraising events received post yearryend. Donalions and event irwme oulstanding as al year end 2022 £16.151 {2021.' Nill. STAFF COSTS Staff cosis during the year comwbse.. 2022 2021 Salaries {ind Nl & Pension eoslsl Recruitment and trainlng 353.611 344,330 Staff Costs are paid by BB+K's manageftnt company, Baxterslorey I Searys. The weeWy average number of Staff {some ofwlMJn wcrfk part-timel was as fdlows: 2022 2021 CEO Fund-raising Training & Beneficiary Support Administrali Apprentices Totsl
BEYOND FOOD FOUNDATION NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 In addition lo the Foundation's team, from ts'me-ICtirne the charity also benefits from the support ol volunteers. who are trainers in specific fields as a profession. They use their own material and relain their own copyright. Often volunteers come from cotporate organisalions who gift employees volunteering days. However, we only engage volunteers on programmes with evidenced need and known skills lo impact beneficiaries. One {2021.. One) employee earned in excess of £60.000 per annum, in the band £80.001>90,000 pei annum12021'. One) One Iruslee CeiVed remuneration of £2.711 for acting as Seeretsry 12021.. £3,959). No Iruslees received feimbursement for item5 Pa for on behaw of the tharity during the year. The iemuneralion of key management personnel lin¢luding employers Nl and employers pension co$ls paid by Searcys If0MrtY Baxtersloreyll is £110.954 (2021.- £103.008J. PAYABLES 2022 2021 AcLrual$ Trade Payabl8s 8.035 41,909 2,400 100, 761 T¢)tal Accruals indude £4.¢J)O of professional fee5 and expenses Outstarlng al the year end 12021.. £2,400). Trade Payables 01 £41,909 relate lo the direct costs of Charilable Aclivib'es undertaken during the year lo June 2021 which were settled after the year end12021.' £100,761) DEFERRED INCOMe During the year, no donations were received over which performance conditions apply which had not been mel at year end 12021.. £24.0001. Any such donations would be reflected as Deferred Income. noNvilhslanding that cash would have been receNed and be reflected in dosing cash balances. RESERVES 1 July 2021 Incoming Resources Transfer Re$our¢e$ Expended 30 June 2022 Restrlcted Funds Oisplaced Ukrainians Hardship Programmes 035 14,035} 11,260) 7.867 24 000 59 324 6.607 31.867 93,535 159.324 {278.119) 6,607 Unrestrlcted fvnds 174677
BEYOND FOOD FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 30 JUNE 2022 ComparatNe$ l July Incoming ReSoUeS Transfer Resources EXnded 30 Jurte 2020 2021 Restrictsd Funds Hardship Programmes 21.49,. 20,042 (33.668) 7,867 31,49.. 70,216 200.186 (270,028) 37.867 Unr•strlct•d funds During the year, £89.500 12021.. £70.216) of ¢Jonations wer? received lo assist wllh specific Programffles or to assist with beneficiary Hardship. Such donations logelher with similar donations in pric* periods, lo the exlenl that Ilw have not been expended on the specific Programme (Y purpose for which they were granted. are reflected In Restn'¢led Reserves. Restricted Reserves are I VAII be u$ed as fc41¢)w5'. Displaced Ukralnlans- during the year the Foundation held a Fea$l Event to raise funds for Ukrainian families displaced lo the UK by Ihe war in the Ukraine. Fund$ wll be used to support such families. Hardship resor - tffovides support Beneficiaries wtrYJ are struguling financlally, for example with the cost of accommodation or the ¢osl of travel lo participate in programmes Programmes roserv•- provides furKling for specific programme t¢S and the developmenl new courses, for example the Beyond Ihe Classroom programme and rts assurance approval by City 8 Guilds. The Trustees would draw adets. attention to the faet thal £125.000 of the Reserves are represented by Investments (Note 31 and hence are not liquid assets. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restr5c¢ed Total Funds Funds Funds 2021 General Investments Other Current assets Current liabilities 125.000 99,621 125,000 106,228 2021 Comparafyve Investments Other Curyent8ssets 150. 740 31.867 182.607 Currentllatslits t27 161 761
BEYOND FOOD FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 10. ULTIMATE CONTROLUNG PARri The Trustees are the Found*ion's ultimate ¢trollIng paty. 11. RELATED PARTY TRANSACTIONS During the year, 05 previousty, deSn and marketing seThs were provided lo the Foundation by 8ri9ht Spark Limited. Bright Spark is owned by a related party of the Foundation's CEO. Total payments made by BFF lo Bright Spark were £5.630 {2021. £9.3231. During the year BFF stsrted lo work with a successful evenl manageEnt company to increase self- generated Eamed Income opportunitses and develop an increased level ol professional delivery and rnana9ement. This initsalive also provides benchmarknng and training OPPOrtunilies for those who engage In organised events. This company is pa'allY owned by a related paty of the Foundation's CEO. Tolal revenues lo BFF generated Ihrough thi$ Telalionship were £47,005. Total payrrtnls made by BFF to Ihe event management eompany were £2.083. 12. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES Notes Uniestrlctèd Restrictod Funds Funds 2021 2021 Total Fund¥ 2021 Income and end¢>wm•nts from: Donations Local Authority Funding Grants receivable Earned income Shales donated 292,386 20,000 71.853 33.625 48,616 341.002 20,000 84,175 42.903 12,322 9,278 Total 417 Expondlture on: Ralslng funds 55,640 55,640 Charltable activitles Cost of activities in furtheranee of the charity's objects 155 264 026 Totsl Nel expendttur• 1199.8121 7,148 Transfers ben funds NET MOVEMEPU IN FUNDS FOR YEAR 6.774 374 7,148 Funds at the start of th• year Fund5 at the end of the year
INDEPENDENT EXAMINERS' REPORT TO THE TRUSTEES
OF BEYOND FOOD FOUNDATION
I report to the charity trustees on my examination of the accounts of the company for the year ended 30 June 2022, which are set out on pages 10 to 18.
This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and the charitable company's trustees as a body in accordance with section 154 of the Charities Act 2011. My independent examiner's work has been undertaken so that I might state to the charitable company's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charitable company, the charitable company's members as a body and the charitable company's trustees as a body for my independent examiner's work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 your 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
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts 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
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the accounts 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.
Jacqueline Mitchell CROWE U.K. LLP Chartered Accountants Aquis House 49 - 51 Blagrave Street Reading
Date 28 March 2023: