## **FULL CIRCLE FOOD PROJECT**
**REPORT AND FINANCIAL STATEMENTS For the year ended 31 July 2023**
**Charity Number 1158829**
**FULL CIRCLE FOOD PROJECT**
## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
For the year ended 31 July 2023
|**Contents**|**Page**|
|---|---|
|Trustees annual report|1 to 5|
|Independent examiners report|6|
|Statement of Financial Activities (including|7|
|income and expenditure account)||
|Balance sheet|8|
|Notes to the financial statements|9 to 17|
## **FULL CIRCLE FOOD PROJECT TRUSTEES ANNUAL REPORT**
For the year ended 31 July 2023
The trustees are pleased to present their annual trustees’ report together with the financial statements of the charity for the year ended 31 July 2023.
The financial statements comply with the Charities Act 2022, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective October 2019)
## **1. Objectives and Activities**
The principle objectives of the Charity are: 1. To preserve and protect good health for the public benefit through providing information and advice in relation to healthy eating and nutrition and the importance of a healthy diet. 2. To advance the education of the public in all aspects of healthy eating, growing food to eat and nutrition and the importance of a healthy diet, including the planning and preparing of healthy meals. 3. Such other charitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine.
## **Objectives, strategies and activities for the year**
The vision of Full Circle Food Project is to create a better place to live and the people within it capable of supporting and having pride in themselves and their community.
We will achieve this by operating through a dispersed delivery model across Ashington and surrounding communities. We will have annual income of £150k and make an operating surplus of £15k, attributable to unrestricted funding.
We will employ five people, mainly engaged in direct delivery programmes, with appropriate levels of administrative support. Over 75% of our staff will be professionally qualified and we will engage with apprenticeship and volunteer programmes wherever we can to strengthen our delivery and add value-added services to a large membership and partnership base throughout the area of benefit.
Our offer will meet current Healthy Eating and Sustainable Sourcing standards and be technically advanced. We will provide many clear-cut advantages and improvements over competitive’ offerings. We will have expanded across our area of benefit through organic growth and be recognised as one of the leading food charities in the North East of England.
## **Core Activities:**
1. We will increase the quality, quantity and range of our core programme for regular and new participants/referrals.
2. We will increase the number and range of participants accessing our core programme.
3. We will provide quality learning and support for an appropriate and diverse range of volunteers
4. We will explore the potential for apprenticeship opportunities in growing the capacity of the project and building stronger relationships with our local communities.
5. We will develop and implement a robust framework for measuring the impact of our work
6. We will maintain and extend our range of effective collaborative practice.
7. We will promote and celebrate our achievements with all partners, highlighting the impact our contribution has made.
8. We will draw on available technological expertise, skills and knowledge to build our organisation’s profile, image and reputation
9. We will develop a financial sustainability plan and aligned policies
**10.** We will ensure that our staff and Board of Trustees are fully supported in the pursuit of their roles on behalf of Full Circle Food Project **.**
1
## **FULL CIRCLE FOOD PROJECT TRUSTEES ANNUAL REPORT**
For the year ended 31 July 2023
## **2. Public Benefit Statement**
The trustees understand the implications of the Charities Act 2006, which states that charities must demonstrate they are established for Public Benefit. The trustees believe that the charity meets the key principles of the guidance issued by the Charity Commission about Public Benefit.
## **3. Contribution by Volunteers**
We had 20 volunteers in this financial year who have played a crucial role in enhancing the delivery of our services across the different projects. We have been able to deliver more supported activities through the aid of volunteers. Our active volunteer base take on an ambassadorial role and help us engage with more people through improving and communicating our reputation.
## **4. Achievements and Performance**
Full Circle Food has worked hard to maintain and expand on our services over the past year. Working with partners, we have been able to establish specific programmes to meet local needs, particularly supporting the mental health recovery of those individuals who are negatively impacted by isolation. Poverty remains a key issue for our community. We have seen a substantial increase in weekly visitors to the food larder, particularly asylum seekers and refugees, as well as local families. Managing demand for the food larder has at times been challenging, particularly managing supply against growing demand and we do expect that, as the cost-of-living crisis worsens, demand for our support will increase even further. Engaging over 120 children and young people into regular after-school activity has been a major achievement. Not only are we teaching essential life skills, but we have also been able to provide healthy meals for struggling families without the stigma or shame of asking for support. For the year ahead, our priority is to continue to work with local partners and deliver a varied programme of activity to meet community need.
## **5. Financial review**
The trustees report a surplus for this financial year, but they continue to monitor the finance of the organisation on a regular basis and seek to improve the charities free reserves.
## **Review of the year**
The results for the year and the charity's financial position at the end of the year are shown in the attached financial statements.
During the year the Charity had income of £372,411 (2022: £172,131) of which £139,199 was restricted (2022: £126,319) and expenditure of £191,120 (2022: £164,490) of which £53,928 was restricted (2022: £126,319). There was an operating surplus of £181,291 (2022: £7,641) of which £89,900 was restricted (2022: £nil).
At 31 July 2023 the Charity had net assets of £194,111 (2022: £12,820) of which £89,900 was restricted (2022: £nil).
## **Reserves policy/Going concern**
The Trustees consider the level of reserves, £104,211 (2022 £12,820), prudent for the Charity at this time taking into account potential liabilities in the event that the charity ceased. Our Reserves Policy is reviewed annually.
2
## **FULL CIRCLE FOOD PROJECT TRUSTEES ANNUAL REPORT** For the year ended 31 July 2023
## **6. Plans for future periods**
Full Circle Food Project commits to making a lasting change to the lives of people in local communities with a strategy to develop and grow on a wider basis with more formal aims and outcomes. The work over the next 12 months must be to get our core provision right, booking people onto the correct programmes and ascertaining their aspirations, to delivering quality provision, to measuring progress accurately, in a variety of ways.
Through establishing solid mutually beneficial partnerships with private, charitable, and statutory organisations we ensure that each beneficiary has relevant and response-to-needs led journey.
We are also looking at attendance and engagement figures to identify where we are underperforming or where people are simply not attending. We can then establish a more robust offer to ensure that we capture beneficiaries as well as do more targeted work as opposed to the ‘blanket’ community marketing that is currently done. The first step to tackle this issue is to offer programmes to partners for their beneficiaries, as well as develop the horticultural work on partner premises where their beneficiaries are more likely to engage and continue to attend. This in turn may lead to people feeling more confident to attend our premises and engage with the many programmes and workshops on offer.
## **7. Reference and administrative details of the charity, its trustees and advisors**
|**Registered charity name**|Full Circle Food Project|
|---|---|
|**Charity number**|1158829|
|**Registered office**|The Growing Zone|
||Hirst Park|
||Ashington|
||NE63 9BA|
|T**rustees and Members of the Board**|Mr Joe Jackson|
||Mrs Gail Balance|
||Mr Paul Kirkpatrick|
||Mrs Claire yates|
||Mrs Lynda Sale|
||Mr Kris Lord (appointed on 11.08.2022)|
|**Chief Executive and Senior staff members**|Sarah Robinson (CEO) - left 31.01.2023|
||Tracey Macnicki – left 31.12 2023|
|**Independent Examiner**|Doug Maltman FMAAT|
||Connected Voice Business Services Ltd|
||One Strawberry Lane|
||Newcastle upon Tyne.|
||NE1 4BX.|
|**Bankers**|Unity Trust PLC|
||9 Brindley Place|
||Birmingham|
||B1 2HB|
3
## **FULL CIRCLE FOOD PROJECT TRUSTEES ANNUAL REPORT** For the year ended 31 July 2023
## **8. Exemptions from disclosures**
The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102: the Financial Reporting Standard applicable to the UK and the Republic of Ireland: • The Requirement of Section 7: Statement of Cash Flows
## **9. Structure, governance and management**
The project became an unincorporated registered charity on the 10 October 2014. The day to day management of the project is overseen by the Chief Executive Officer. The project’s trustees hold frequent management meetings and regularly communicate with its staff and supporters.
## **Board Induction and Training**
New Board Members are introduced to the work of the organisation and informed of their legal roles and responsibilities at an induction meeting. The induction and training programme for new Board Members includes:
- A briefing by the Chair or Chief Executive
- An explanation of roles and responsibilities as a Board Member
- Copies of the main charity documents including the Memorandum and Articles of Association and the Financial Statements
- Copy of the business plan and most recent evaluation report
- Copies of recent board papers including budgets and management accounts
- A copy of the Charity Commission publication "How to be an Effective Trustee"
- A copy of the governance structure.
## **10. Related parties**
Joe Jackson is the chair of Northumberland Community & Voluntary Action (NCVA). During this time period we employed there services for payroll services £288 and as independent examiner and payroll services during 2021-22 £738.
4
## **FULL CIRCLE FOOD PROJECT TRUSTEES ANNUAL REPORT For the year ended 361 July 2023**
## **14. Statement of Trustee Responsibilities**
The trustees are responsible for preparing the Trustees’ Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity SORP requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of incoming resources and application of resources, including the receipts and payments of the charity for that year. In preparing those financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on ____________ and signed on their behalf by:
J Jackson Chair
5
## **FULL CIRCLE FOOD PROJECT**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES**
For the year ended 31 July 2023
I report on the financial statements of Full Circle Food Project for the year ended 31 July 2023, which are set out on pages 7 to 17.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2022 ("the Charities Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- h examine the accounts under section 145 of the Charities Act,
- h to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
- h to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
- h the accounting records were not kept in accordance with section 130 of the Charities Act; or
- h the accounts did not accord with the accounting records; or
- h the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I 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.
Doug Maltman FMAAT Fellow Member of the Association of Accountancy Technicians Connected Voice Business Services One Strawberry Lane Newcastle upon Tyne NE1 4BX Date:
6
## **FULL CIRCLE FOOD PROJECT**
## **STATEMENT OF FINANCIAL ACTIVITIES**
For the year ended 31 July 2023
**----- Start of picture text -----**
Unrestricted Restricted Total Total
Funds Funds 2023 2022
£ £ £ £
Income from:
Donations and legacies 6 121 420 541 10,312
Charitable activities -
Grants and contracts 7 220,642 138,779 359,421 161,819
Other trading activities 8 12,449 - 12,449 -
Total income 233,212 139,199 372,411 172,131
Expenditure on:
Charitable activities
Operation of the charity 9 137,192 53,928 191,120 164,490
Total expenditure 137,192 53,928 191,120 164,490
Net income/(expenditure) 96,020 85,271 181,291 7,641
Transfers between funds ( 4,629 ) 4,629 - -
Net movement of funds 91,391 89,900 181,291 7,641
Reconciliation of funds
-
Total funds brought forward 12,820 12,820 5,179
Total funds carried forward 104,211 89,900 194,111 12,820
Notes
**----- End of picture text -----**
The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
The notes on pages 9 to 17 form an integral part of these accounts.
7
Charity Number 1158829
## **FULL CIRCLE FOOD PROJECT**
## **BALANCE SHEET**
As at 31 July 2023
|**Fixed assets**
Tangible assets
16
**_Total fixed assets_**
**Current assets**
Debtors
17
Cash at bank and in hand
18
**_Total current assets_**
**Creditors:**amounts falling due within
one year
19
**_Net current assets_**
**_Total net assets or liabilities_**
**Funds of the charity**
Unrestricted income funds
Restricted income funds
**_Total funds_**
Notes|**£**
-
195,150
**195,150**
**( 1,515 )**|**Total**
**2023**
**£**
477
**477**
**193,634**
**194,111**
104,211
89,900
**194,111**|**£**
3,800
65,611
**69,411**
**( 57,291 )**|**Total**
**2022**
**£**
700
**700**
**12,120**
**12,820**
12,820
-
**12,820**|
|---|---|---|---|---|
The notes on pages 9 to 17 form an integral part of these accounts.
These financial statements were approved by the Board on:
and are signed on its behalf by:
J Jackson Chair
8
## **FULL CIRCLE FOOD PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 July 2023
## 1 **Accounting Policies**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## 2 **Basis of accounting**
## 2.1 **Basis of preparation**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective October 2019) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2022.
Full Circle Food Project meets the definition of a public benefit entity under FRS 102.
## 2.2 **Preparation of the accounts on a going concern basis**
The charity reported total unrestricted funds at the year end of £104,211 and has already secured a significant amount of funding for the current year. The trustees are of the view that the immediate future of the charity for the next 12 to 18 months is secure and that on this basis the charity is a going concern.
## 3 **Income**
## 3.1 **Recognition of income**
Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliability
## 3.2 **Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.
## 3.3 **Grants and donations**
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met.
## 3.4 **Volunteer help**
The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.
9
## **FULL CIRCLE FOOD PROJECT NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 July 2023
## 3.5 **Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## 3.6 **Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the
## 4 **Expenditure and liabilities**
## 4.1 **Liability recognition**
Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
## 4.2 **Charitable activities**
Expenditure on charitable activities includes the costs of work and other activities undertaken to further the purposes of the charity and their associated support costs.
## 4.3 **Governance and support costs**
Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.
## 4.4 **Irrecoverable VAT**
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## 4.5 **Creditors**
The charity has creditors which are measured at settlement amounts less any trade discounts.
## 4.6 **Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
## 5 **Assets**
## 5.1 **Tangible fixed assets for use by the charity**
Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis, the charity does not currently have any tangible fixed
Equipment
10% Straight line
10
## **FULL CIRCLE FOOD PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 July 2023
**----- Start of picture text -----**
Analysis of income
Unrestricted Restricted Total Total
Funds Funds 2023 2022
£ £ £ £
6 Donations and legacies
Donations and gifts 121 420 541 10,312
121 420 541 10,312
7 Charitable activities
Income from grants
Arnold Clark - - - 1,000
Duke of Portland - - - 500
Greatham Hospital of God - - - 3,000
Barbour Foundation - 5,000
- - -
Northumberland Communities Together 20,000
Ashington Town Council 250 - 250 5,000
- - -
Ashington Masonic Lodge 1,000
Hubbus Foundation - - - 3,000
-
Ridley Family Trust 4,000 4,000 5,000
Welbeck Foundation - - - 6,350
-
Community Foundation - Apple Tree Fund 6,879 6,879 4,320
High Sheriff's Award - 850 850 1,000
- - -
Dept. Culture, Media and Sport 10,839
-
Ernest Cook Trust - Outdoor learning Officer 30,000 30,000 15,000
Proctor & Gamble - Outdoor Learning Officer - 330 330 -
Sir James Knott Trust - - - 5,000
-
Greggs Foundation 29,447 29,447 20,000
Woodhorn Charitable Trust 55 - 55 -
- -
National Lottery Fund RC North 89,897 89,897
- -
Coalfields Regeneration 2,000 2,000
Northumberland County Council - Covid and
Foodbank 2,430 27,240 29,670 7,559
-
Northumberland County Council - New kitchen 12,057 12,057 12,057
- -
Henry Smith Charity 90,000 90,000
BBC Children in Need - 25,391 25,391 -
Tudor Trust 32,000 - 32,000 -
Proctor & Gamble - Adult Cooking 10 1,061 1,071 -
- -
Community Foundation - Adult Cooking 3,000 3,000
-
Proctor & Gamble - Sensory Garden 2,524 2,524 2,194
- - -
Other grants 34,000
220,642 138,779 359,421 161,819
**----- End of picture text -----**
11
## **FULL CIRCLE FOOD PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 July 2023
|8
**Other trading activities**
Sales and workshops
Other|Unrestricted
Funds
£
1,992
10,457
12,449|Restricted
Funds
£
-
-
-|**Total**
**2023**
**£**
**1,992**
**10,457**
**12,449**|Total
2022
£
-
-
-|
|---|---|---|---|---|
Income was £372,411 (2022: £172,131) of which £233,212 was unrestricted or designated (2022: £45,812) and £139,199 was restricted (2022: £126,319)
## **Analysis of expenditure on charitable activities**
|9|**_Charitable activities_**
Direct costs
Support costs
Governance costs
Volunteer expenses
Project running costs
Refunds:
Administration
Insurance
- Northumberland County Council
Independent examiner's fees for reporting on
the accounts
Staff salaries
Redundancy provision
Staff - Other expenses
Bank Charges
Depreciation
Payroll fees|Unrestricted
Funds
£
121,627
1,078
12,247
-
-
-
1,254
115
288
223
-
360
137,192|Restricted
Funds
£
14,312
-
29,616
-
-
-
-
-
-
-
10,000
-
53,928|**Total**
**2023**
**£**
**135,939**
**1,078**
**41,863**
**-**
**-**
**-**
**1,254**
**115**
**288**
**223**
**10,000**
**360**
**191,120**|Total
2022
£
93,125
-
62,136
3,250
556
2,963
1,384
115
288
223
-
450
164,490|
|---|---|---|---|---|---|
Expenditure on charitable activities was £191,120 (2022: £164,490) of which £137,192 was unrestricted or designated (2022: £38,171) and £53,928 was restricted (2022: £126,319)
12
## **FULL CIRCLE FOOD PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 July 2023
## 10 **Fees for examination of the accounts**
|Independent examiner's fees for reporting on the accounts
Other fees paid to the examiner - Payroll|**2023**
**£**
**360**
**-**
**360**|2022
£
450
288
738|
|---|---|---|
## 11 **Analysis of staff costs and the cost of key management personnel**
|Salaries and wages
Social security costs
Pension costs (defined contribution pension plan)|**2023**
**£**
**112,212**
**16,462**
**7,264**
**135,938**|2022
£
76,362
11,175
5,588
93,125|
|---|---|---|
No employee received remuneration above £60,000 (2022: nil)
The key management personnel of the charity, comprise the trustees and the management team . The total employee benefits of the key management personnel of the charity were £nil (2022: £nil).
## 12 **Staff numbers**
The average monthly head count was 6 staff (2022: 6 staff) and the average monthly number of full-time equivalent employees during the year were as follows:
|The parts of the charity in which the employees work
Charitable activities|**2023**
**Number**
**1.0**
**1.0**|2022
Number
1.0
1.0|
|---|---|---|
## 13 **Transactions with trustees**
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.
## **Trustees' expenses**
No trustee expenses have been incurred in the year.
## **Transaction(s) with related parties**
There have been no related party transactions in the reporting period.
13
**FULL CIRCLE FOOD PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 July 2023
## 14 **Defined contribution pension scheme**
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.
The employer's pension costs represent contributions payable by the charity to the fund and amount to £7,264 (2022: £5,588). There was £0 outstanding as at 31 July 2023 (2022: £0)
## 15 **Corporation Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.
|16 **Fixed assets**
**Cost**
Balance brought forward
Additions
Disposals
**Balance carried forward**
**Depreciation**
Basis
Rate
Balance brought forward
Depreciation charge for year
Disposals
**Balance carried forward**
**Net book value**
**Brought forward**
**Carried forward**
17 **Debtors and prepayments (receivable within 1 year)**
18
Cash at Bank
Cash in hand
Pre-payments
**Cash at bank and in hand**|**Equipment**
**£**
2,316
-
-
2,316
SL
10%
1,616
223
-
1,839
700
477
**2023**
**£**
**-**
**-**
**2023**
**£**
**194,994**
**156**
**195,150**|**Total**
**£**
**2,316**
**-**
**-**
**2,316**
**1,616**
**223**
**-**
**1,839**
**700**
**477**
2022
£
3,800
3,800
2022
£
65,455
156
65,611|
|---|---|---|
14
## **FULL CIRCLE FOOD PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 July 2023
## 19 **Creditors and accruals (payable within 1 year)**
**----- Start of picture text -----**
2023 2022
£ £
Credit card account 1,155 -
Accruals
Independent examination of accounts 360 450
Other creditors - 7,481
Deferred income
Restricted Funds - 49,360
1,515 57,291
**----- End of picture text -----**
## 20 **Deferred income**
Deferred income comprises of advance payments from grants that relate to future periods
|Balance brought forward
Amount deferred in year
Balance carried forward
Amount released to income earned from
charitable activities|**2023**
**£**
**49,360**
**( 49,360 )**
**-**
**-**|2022
**£**
**-**
**-**
**49,360**
**49,360**|
|---|---|---|
## 21 **Events after the end of the reporting period**
No other significant events affecting the Company since the year end.
## 22 **Analysis of charitable funds**
## **Analysis of movements in unrestricted funds**
## **As at 31 March 2023**
|**Unrestricted funds**
General unrestricted fund
Designated funds
Contingency
**_Totals_**|**Fund**
**balances**
**brought**
**forward**
£
12,820
-
12,820|**Incoming**
**resources**
£
233,212
-
233,212|**Resources**
**expended**
£
( 137,192 )
-
( 137,192 )|**Transfers**
£
( 11,229 )
6,600
( 4,629 )|**Fund**
**balances**
**carried**
**forward**
**£**
**97,611**
**6,600**
**104,211**|
|---|---|---|---|---|---|
## **Purpose of unrestricted funds**
General unrestricted fund Designated - Contingency
The 'free reserves' of the charity Funds to cover unexpected costs.
15
## **FULL CIRCLE FOOD PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 July 2023
## **Analysis of movement in restricted funds**
## **As at 31 March 2023**
|**Restricted funds**
Adult Cooking
Apple Tree Fund
BBC Children in Need
Covid and Foodbank
Outdoor Learning Officer
Greggs Foundation
High Sheriff's Award
New Kitchen
Sensory Garden
**_Totals_**|**Fund**
**balances**
**brought**
**forward**
£
-
-
-
-
-
-
-
-
-
-|**Incoming**
**resources**
£
4,061
6,879
25,391
27,660
30,330
29,447
850
12,057
2,524
139,199|**Resources**
**expended**
£
( 5,117 )
( 1,449 )
( 9,461 )
( 11,143 )
( 11,230 )
( 3,632 )
-
( 10,018 )
( 1,878 )
( 53,928 )|**Transfers**
£
5,000
( 371 )
-
-
-
-
-
-
-
4,629|**Fund**
**balances**
**carried**
**forward**
**£**
**3,944**
**5,059**
**15,930**
**16,517**
**19,100**
**25,815**
**850**
**2,039**
**646**
**89,900**|
|---|---|---|---|---|---|
## **Purpose of restricted funds**
Restricted funds represent income
Adult Cooking Apple Tree Fund BBC Children in Need
Covid and Foodbank
Outdoor Learning Officer
Greggs Foundation High Sheriff's Award
New kitchen
Sensory Garden
Relates to a core element of activity teaching adults to cook and budget. Supports generalised equipment costs and small elements of staffing cpsts. Relates to the costs of providing staff for the core functions of the Project and support to volunteers.
Relates to specific support given to a partnership with local foodbank and for additional support of Council poverty activity during the Covid epedemic. Relates to a specific Officer dedicated to using the project and the facilities for educational processes with local schools. Looking at environmental issues of growing plants and making best use of produce. Relates to funds that supported some staffing costs, equipment costs. Relates to a fund without specific designation, but was used towards support new IT delivery systems and equipment.
Relates to the provision and upkeep of the training kitchen where most of the Project activity is based.
Relates to a designated part of the facility where a reflective and peaceful space is available with plant that have different textures and smells that stimulate people with learning difficulties.
## **Transfers between funds As at 31 March 2023**
Between unrestricted and designated funds Between unrestricted and restricted funds Between unrestricted and restricted funds
|**Reason for transfer**
Funds to cover costs.
Funds to cover costs.
Funds to cover unexpected costs.|**Amount**
**£**
**6,600**
**5,000**
**371**|
|---|---|
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## **FULL CIRCLE FOOD PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 July 2023
## 23 **Capital commitments**
As at 31 July 2023, the charity had no capital commitments (2022 -£nil)
|24
Other net current assets/(liabilities)
Cash at bank and in hand
**Analysis of net assets between funds**|Unrestricted
Funds
£
105,249
( 1,038 )
104,211|Restricted
Funds
£
89,900
-
89,900|**Total**
**2023**
**£**
**195,149**
**( 1,038 )**
**194,111**|Total
2022
£
65,611
( 52,791 )
12,820|
|---|---|---|---|---|
## 25 **Guarantee**
There have been no guarantees given by the charity at 31 July 2023.
## 26 **Debt**
There is no debt outstanding which is owed by the charity and which is secured by an excess charge on any of the assets of the charity at 31 March 2023.
## 27 **Governing document**
The organisation is a Charitable Organisation - Foundation registered on 10 October 2014 as a body corporate under part 11 of the Charities Act 2022.
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