Registered number: 07570613 Charlty number: 1142242 THE GEOFFREY HARRISON FOUNDATION (A company Ilmlted by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) CONTENTS Page Raferenco and administrative dAtailg of tha Company, its Trustoas and advisers Trustees. report Independent examinerfs report Statement of financ•al activities Balance sheet Notss to the financial statements 9-16
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022 Trustees C J Aylward G Booth D Foskett G C Harrison G G Harrison R D Harrison Lord R G A Lingfield Company registered number 07570613 Charlty reglstered number 1142242 Registered offlce Oxford House Oxford Road Thame Oxfordshire Oxg 2AH Page 1
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 The Trustees present their report along with the financial statements of the Foundation for the year 1 April 2021 10 31 March 2022. The Annual report serves the purposes of both a Trustees, report and a directors, retK)rt under company 18w. The Trustees confim th81 the Annual report and financial statements of the ch8rit8ble company comply with the current statutory qUIrements, the requirements of the charitable companys governing document and the provisions of the Statement of Recommended Practice {SORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffective 1 January 2019). Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic reF)Ort required of medium ar)d large companies under the Companies Act 2006 (Strategic ReFK)rt and Directors. Report) Regulations 2013 has been omitted. Structurej governance and management The Governing Documenl of the Charity is ils Memorandum and Articles of Association dated 15 March 2011. The company, limited by guarantee, was incorporated on 18 March 2011. It is registered with the Charity Commission Iregislration dale 3 June 2011 and number 11422421. The governing body Is the Board of Trustees. The Trusiees have control of the Foundation and its property and funds. Trustees are appointed by the existing Trustees of the Foundation. On appointment th8 process is explained to new Iruslees and they are acquainted with the current position. The Trustees meet regularly throughout the year lo consider grants to be made, existing charitsble activities, current reserves and risk management policies and performance. The day to day administration is delegated to the company secretary and his support staff. Trustees The trustees throughout the year and lo the dale of this report were.. C J Aylward G Booth D Foskell G C Harrison G G Harrison R D Harrison Lord R G A Lingfield Risk management The Trustees are aware of their responsibilities to assess and manage both external and internal risks tr) the Foundation and annually review the risks and assess their relevance to the current and future years. Any risks identified are considered regularly by the Trustees and appropriate actions tsken to reduce or eradicate these concerns. Objectives and activities The Governing Document of the Charity. the Memomndum and Articles of Association, sets out the objeots of the charity which are all purposes that are charitable under the laws of England and Wales from lime lo time and in parh"cular lo advance education and learning in the UK in connection with the hotel, restaumnl and hospilalty industries and to help young people to develop their capabilities and grow to maturity as individuals and as members of society. The Geoffrey Harrison Foundation was set up by Geoffrey Harrison and the other directors of Harrison Catering Services Ltd. Page 2
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2022 Objactives and activities {continuad) Geoffrey Harrison explained the reasons for launching Ihe Foundation, "Having enjoyed a lifelong career in this rewarding Industry, I decided, with the support ol the Harrison Catering Services directors, to eslat)lish Ihe Foundation, so that we could help young people wilh an interesl in catering lo benefit from the opportunities afforded to me". The trustees hav8 decided Ihal the Foundation should focus on encouraging year 10 and 11 students who hav8 an interest in pursuing catering as a career. Funding has been provided lo allow students lo atter Saturday courses at leading institutions.. Westminster Kingsway College IWKCI, the University of West London IUWLI and Loughborough College ILCI. To dale more than one thousand six hundred students have completed a junior chefs, course sponSod by The Geoffrey Harrison Foundation. Grant making policy The trustees meet regularty to consider what grants they will m8ke and lo review any feedback they have received. Achievements and performance for the public benefit The trustees have paid due (x)nsideralion lo the guidance issued on public benefit by the Charity Commission and believe that the Foundation meets the requirements. The COVID-1g lockdowns severely disrupted the Junior Chefs courses in 2020 and 2021, however courses recommenced al WKC and Loughborough College in May 2021 and at UWL in December 2021. During the year a donation of £500 was made lo the Victor Ceserani Hospilalily Memorial Scholarship. We have an exceptional group of trustees who all donate their time freely. Qualifying third party indemnity provisions The Company has arran9ed qUalIfn9 third party indemnity for all of its directors. Page 3
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2022 Financial revigw The accounts, logether with explanatory notes as sel out on pages 7 10 15, summarise the transactions of Ihe Foundation during Ihe year ended 31 March 2022. The Foundation's voluntsry income included a donalion by Harrison Catering Servic8s Limited of £49.00012020'. £20.0001 together with a granl from Savoy Educational Trust of £16,000 {2021.' £nil). The Trustees are sincerely grateful to these two organisations for their generous support. Expenditure during the year has mainly related to the cost of providing junior chef courses at WKC, UWL and LC. Investmenl policy and perfomiance Under the Memorandum and Articles of Association, the charity has the power to invest in any way the trustees wish. The Iruslees, having regard to the liquidity requirements of the Foundation and to the reserves policy have operated a policy of keeping available funds in a current account. Reserves policy The charity holds reserves to cover ils operational costs and lo meet existing commitments. The Trustees aim tr) keep administration costs lo a minimum in order to ensure that most of the income generated is distributed. To do so the Foundation operates on minimal overheads with many services and facilities provided by Harrison Catering Services Limited. The unrestricted and designated funds are expendable al the discretion of the Board of Iruslees, in furtherance of the objects of the funds. At 31 March 2021 total reserves were £62,682 12020., £78,624) and general unrestricted reserves were £62.68212020". £37,624). This current reserv8 lev81 is deemed sufficient lo cover all commitments for the next 12 months. Plans for the fulure periods Several more courses have been planned for year 10 and 11 students to attend in balance of the 2021122 academic year. and this can be funded from the reserves currently held. After the year end a successful application was made lo Savoy Educational Trust for 50'kn funding of up lo 21 courses per year for three years and Harrison Catering Services has committed to match this funding. These generous commilmenls will enable the Foundation to give many hundreds of young people the opportunity to cook in a commercial kilchen under Ihe guidance of a professional chef lecturer. The Foundation may also provide grants to individual sludenls at Weslminsler Kingsway College and Ihe University of Wesl London, who show exceptional talent and would benefit from specific support. More information on the background 8nd work of the charity can be found at the Foundation's website www.geoffreyharrisonfoundation.or9.uk Page 4
THE GEOFFREY HARRISON FOUNDATION IA company Ilmlted by guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 statement of respon51bllities The Trustees Iwho are also the directors of the Company for the purposes of company lawl are responsiblg for preparing the Trustees. report and the financi81 slalemenls in accord8n¢8 wrth applicable law and United Kingdom Accounting Standares Iuniled Kingdom Generally ACpIed Accounts'ng Praclicel. Company law requires the Trust8es lo prepare financial stslements for each financial year. Under company law, the Trustees musl not approve the financial slatemenls unless they 8re satisfied that they give a tru8 and fair vpw of the slate of affairs of the Company and of ils incoming resources and application of resources. including its income and expenditure, for that period. In prgparing these financial slalemenls, the Twslees are required to: select SLJi18ble accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP {FRS 1021-. make judgrllents and accounting eslimales that are reasonable and prudent., stale whether applicable UK Accounling Standards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in Ihe financial slalements.. prepare th8 financial slalemenls on the goiro concern basis unlass it is inappropriate lo presume Ihal the Company will conlinue in businèss. The Trustees are responsible for keeping adequate accounting records that ar8 sufficiont to show and explain the Cofftp8nVs transactions and discbse with reasonable accuracy at any lime the financial position of the Company and enable tham to ensure that tha financial slalements comply wth th8 Compar¢ies Act 2006. They are also responsible for safaguarding the assets of tha Company and hence for taking reasonable steps lor the prevention and detection of fraud and olher irregularities. Th8 Iruslegs wish to thank everyona associated with the Founéation for all their lime and enthusiasm in supporting our obj8Ctiv8s. This report has been prep8red in accordance ¥Mth the provision8 applicable lo componies subject lo the small companies, regime. This report has been approved by the Board of Trustegs. Ggoffr8y Harrison Ch8irnan of Trustee8 Dale- Page 5
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022 Independent Examiner's Report to the Trustees of The Geoffrey Harrison Foundation {'the Comp8ny'} I report lo the charity Trustees on my ex8min8tion of the accounts of the Company for the year ended 31 March 2022. Responsibilities and Basis of Report As the Trustees of the Company land ils directors for the purFK)ses of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Acl 20061.the 2006 Acri. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of ihe 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounls carried oul under section 145 of the Charities Acl 2011 I'lhe 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under seclion 14515llbl of the 2011 Act. Independent Examiner's Staiement I have completed my examinalion. I confirm that no matters have come to my allenlion in connection with the examination giving me cause lo believe= accounting CordS were not kept in respect of the Company as required by section 386 of the 2006 Act., or the accounts do not accord with those records.. or the accounts do not comply with the accounting requirements of seclion 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 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practi for accounting and reporting by charities applicable to charities preparing their aGGount5 in accordance with the Financial Reporting Standard appliGable in the UK and RepubliG of Ireland (FRS 1021- I have no concerns and have come across no other matters in connection wilh the examination lo whith attention should be drawn in this report in order to enable a proper understsnding of the accounts lo be reached. This report is made solely to the Companys Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate to the Company's Trustees those matters l am required to slate lo 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 Ihe Company and the Company's Trustees as a body, for my work or for Ihis report. Signed.. Dated.. 16 December 2022 Alan Poole BA (Honsl FCA James Cowper Kreston Chartered Accountants Reading Bridge House George Street Reading Berkshire RG1 8LS Page 6
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2022 Reytricted Unrestricted funds funds 2022 2022 Total funds 2022 Total funds 2021 Note Income from- Donations and legacies 16,000 49,005 65,005 20,000 Total income 16,000 49,005 65,005 20,000 Expenditure on: Charitsble activities 32,000 48,947 80,947 17,368 Total expenditure 32,000 48,947 80,947 17,368 Net movement in funds (16,0001 (15,942) 2,632 Rèconciliation of funds: Total funds brought forward Nel movement in funds 16.000 (16,0001 62,624 78,624 (15,9421 75,992 2.632 Total funds carriod forward 62,682 62,682 78,624 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 9 to 16 form part of these financial statements. Page 7
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) REGISTERED NUMBER.. 07570613 BALANCE SHEEr AS AT 31 MARCH 2022 2022 2021 Note Current a$$ot8 Debtors Cash al bank and in hand 49,000 53,002 95,944 102.002 95,944 Creditors.. amounts falling within one year {39,3201 117.320 Net currtrnt assets 62,682 78.624 Total net assets 62.682 78,624 Charltyfunds Restricted funds Unreslricled funds 10 16.000 Designated funds General funds 10 25,000 37,624 10 62,682 Total unrestricted funds io 62,682 62.624 Total funds 62,682 78,624 The Company was enliued to ex8mplion from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audil for the year in question in accordan with section 476 of Companies Ad 2006. The Truslees acknowledge their reswrisibilib'es for complying with the requirements of the Act wlh respect lo accounting rocords and preparation of finarscial s181em8nls. The financial stslemenls have been prepared in accordance with the provisions applicable lo entities subjèct to the small companies regime. The financial slalements were approv8d and aulhorised for issue by Ihe Trustees and signed on thèir behalf by. G C Harrison The notes on pages g 10 16 fomi part of Ihesa financial slalemenls. Page 8
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 General infomation The Geoffrey Harrison Foundation is a company limited by guarantee 8nd a registered charity (company number 07570613 and England and Wales registered charity number 11422421. It is governed by its Memorandum of Associ81ion and ils registered office is Oxford House, Oxford Road, Th8me, Oxfordshire OX9 2AH. Accounting policies 2.1 Basis of preparation of financial statements The financial slalements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Rewrting by Charities.. Slalement of Recommended Practice applicable to ttharilies preparing their accounts in accordance with the Financial RÈF)Orting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 20D6. The Geoffrey Harrison Foundation meels the definilion of a public benefit entity under FRS 102. Assels and liabilities are initially recognised al historical cost or Iransaction value unless otherwise stated in the relevant accounting policy. 2.2 Golng concern The Trustees assess whether th8 use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubl on th8 ability of the foundation lo Continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisalion for issue of the financial statements and have concluded that the foundation has adequate resources lo continue in operational existence for the foreseeable future and there are no material uncertainties about the foundation's ability to continue as a going concern, thus they continue lo adopt the going concern basis of accounting in preparing the financial statements. 2.3 Income All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of financial activities on a receivable basis. Th8 balance of income received for specific purposes bul not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in 8dvance of enlillemenl of receipt, its recognition is deferred and included in creditors 8s deferred Income. Where enkn"Ilemenl occurs before income is received, the income is accrued. 2.4 Expenditure Charitable activities include expenditure associated with Ihe operation of the foundation and Ihe provision of ils objeclives. 11 also includes governance cosls, which consist of costs incurred in ensuring compliance with conslilulional and slalulory wuiremenls. 2.5 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. Page 9
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies lcontinuedl 2.6 Cash at bank and in hand Cash at bank and in hand includes Cash and short-tem highly liquid Investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.7 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of ihe settlement can be estimated reliably. 2.8 Flnanclal Instruments The Company only has financial assets and financial liabilities of a kind that qualrfy as basic financial inslrumenls. Basic financial instruments are initially recognised al transaction value and subsequently measured at their settlement value with the exception of tpank loans which are sutsequeniiy measured at amortised cost using Ihe effectiv8 interest method. 2.9 Fund accounting General funds a unstrIcted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been deswJnated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each reslricled fund is sel out in the notes lo the financial slalemenls. Income from donations and legacies Restricted Unrestricted funds funds 2022 2022 Total funds 2022 Total funds 2021 Harrison Catering Services Limited Savoy Educational Trust Other donations 49,000 49.0 16,000 20,000 16,000 16,000 49,005 65,005 20,000 Totsl 2021 20,000 20,OCX) Page 10
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysis of expenditure on charitable activities Summary byfund type Restricted Unrestricted funds funds 2022 2022 Total 2022 Total 2021 Grants payable Support costs 32,000 47,500 1,447 79.500 1,447 16,000 1,368 32,000 48,947 80.947 17,368 Total 2021 8,000 9,368 17,368 Analysis of expenditure by activities Direct costs 2022 Support costs 2022 Total funds 2022 Total funds 2021 Grants payable Support costs 79,500 79,500 1.447 16,000 1,368 1,447 79,500 1,447 80,947 17,368 Total 2021 16,000 1,368 17,368 Page 11
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysis of expenditure by activities {continued} Analysis of direct costs Total funds 2022 Total funds 2021 Junior Chef courses Donations to other charities 79.000 500 16,000 79.500 16,000 Analyxit of Support costs Total funds 2022 Total funds 2021 Websits expenses Independent Examiner's fees Bank charges 48 1,320 1,320 31 1.447 1,368 Independent examlnerfs remuneratlon 2022 2021 Fees payable lo the Company's independent examiner for the indeFendent 8x8min8tion of the Companls annual accounts 1.320 1,320 Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefils12021 £NIL). During the year ended 31 March 2022, no Trustee expenses have been incurred12021- £NILI. Page 12
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Debtors 2022 2n21 Prepayments and accrued income 49,000 Credltors: Amounts falllng du9 wllhln ono yoar 2022 2021 Trade creditors 8.000 31.320 Accruals and deferred income 17.320 39,320 17,320 Page 13
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 10. Statement of funds Statement of funds - Current year Balance at 31 March 2022 Balance at 1 April 2021 Transfers inlout Income Expenditure Unrestricted funds Designated funds Designated Funds 25.000 (32,0001 7.000 General funds General Funds 37.624 49.005 (16,9471 {7.000) 62,682 Total Unrestrlcted funds 62,624 49,005 {48,9471 62,682 Rèstrictèd funds Reslricled Funds 16.000 16,000 {32,000} Total of funds 78,624 65,005 {80,9471 62,682 Restricted funds The brought forward funds are frotn a giant received from Savoy Educational Trust whiEh is to be used to extend the Foundation's programme allowing year 10 and 11 students to attend Saturday courses for five full days al Westminster Kingsway College and eight haK days al the University of West London. Page 14
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 10. Statement of funds lcontinuedl Statement offunds- prior year Balance at 31 March 2021 Balanee at 1 April 2020 Transfèrs inlout Income Expènditure Unrestricted funds Designated funds Designated Funds 24,000 18,000 9,000 25,000 General funds General Funds 27,992 20,000 11,368) 19,O¢J)I 37,624 Total Unrestrlcted funds 51,992 20,000 19,368) 62,624 Restricted funds Reslricled Funds 24,000 18,000) 16,000 Total of funds 75,992 20,000 {17,368) 78,624 Page 15
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 11. Analysis of net assets between funds Analysis of net assets between funds - Current year Unrestricted funds 2022 Total funds 2022 Current assets 102,002 139,3201 102,002 {39,320} Creditors due within one year Total 62,682 62,682 Analysis of net assets between funds - prlor year Reslricled Unrestricted funds funds 2021 2021 Total funds 2021 Current assets Creditors due within one year 24,000 18,000 71,944 19,3201 95,944 (17,3201 Total 16,000 62,624 78.624 12. Related party transactlons During the year, the foundation received gr8nts from Harrison Catering Services Limited amounting to £49,00012021: £20,QOOI. G C Harrison, C J Aylward, G G Harrison and R D Harrison are all directors of Harrison Catering servIs Limited. They are also directors of its parent company, Harrison SD Holdings Limited. Page 16