2022-03-31-accounts - City Catering Southampton

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City Catering Southampton			CITY
Charity No 1160776 Company No 09331734			CATERING cowdtttttt t nn. *ckRt (.2!nt;—.a'
Contents
Reference and administration details..
Chair's Strategic Report ..
The Report ofthe Trustees for the period ending 31March 2022.
Our Purpose ..
Mission .
Our charitable objects ......
Our core revenue-earning services
Trustees' responsibilities in relation to the financial		statements
Statement as to disclosure to our auditors	.........................................
Structure, Governance and Management.	.
Appointment ofTrustees. ...
Trustee induction and training.
Related parties and conflicts ofinterest. .
Public Benefit Disclosure. ..
Pricing Policy.
Investment powers and policy..
Pay policy for senior staff ..				.10
Volunteers Policy.				.10
Risk Management.				.10
Reserves Policy..
Achievements and performance in FY2021-22.				.12
Strategic priorities for the new financial year, and the strategic period 2021-24..				.13
Report ofthe Independent Auditors to the Members of City Catering Southampton. ....
Opinion.				.14
Basis for opinion ...				.14
Conclusions relating to going concern...				.15
Other information ..				.15
Matters on which we are required to report by exception ...				.15
Responsibilities oftrustees.
Our responsibilities for the audit ofthe financial statements.
Use of our report..				.17
Consolidated Statement of Financial Activities ..............................................
Consolidated and Charity Balance Sheets..
Statement of Cash Flows and Consolidated	Statement	ofCash Flows ..		.20
Notes to the Financial Statements.				.21

Chair gt Director:	Vacant
Directors:	G McMahon
	M Orman
PA to the Board:	N Clasby-Monk

			Unrestricted	Unrestricted	Unrestricted
			2022		2021
		Note
Income:
Income from	Charitable activities:
Schools and	Meals on Wheels	4	4,826,602		3,160,068
Charitable grants and other income			452,277		924,210
Income from	other trading activities:
Commercial	trading operations		114,987		108,913
Tots I income			5+93~		4,193,191
Expenditure
Expenditure	on charitable activities:
Schools and	Meals on Wheels		S,379,193		4,428,979
Costs of raising funds:
Commercial	trading operations		33,572		40,968
Total expenditure			3+12,765		4,469rf47
Net income			18+99	-	276,756
Reconciliation ofFunds
Total funds	brought forward		529+19		806,07S
Net Income			18,899	-	276,756
Total funds	carried forward		510+20		529+19

					Consolidated	Charity	Consolidated	Charity
				Note	2022	2022	2021	2021
							f
Fixed assets
Tangible assets					43,392	43,392	13,517	13,517
Intangible assets					3.,690	1,690	2,441	2,441.
investment						1
Tote I Fixed Assets						45+8815,958		15,959
Current assets
Stock				14	114,308	114,308	204,617	104,617
Debtors				15	2,440,821	1,459,975	2,040,657	1,060,798
Cash at bank and	in	hand			701,819	671,661	1,406,109	1.,377,338
Total Current Assets					2+56,948	2~5,944	2,551+83	2,542,753
Liebi Iit i as
Creditors: amounts		falling	due
within oneyea r				16	(1,527,302)	(2,526,299)	(2,038,022)	(2,029,394)
Total Liabilities					(1,527+02)	(1,516~)	(2,038,022)	(2,029+94)
Net current assets					729,646	729,645	513@61	513+59
Total assets less current			liabilities		774,728	774,728	529+19	529+19
Creditors: amounts		falling	due after	17
more than one year					(264,308)	(264,308)
Tote I net assets/(liabilities)					510,420	510~	529+19	529+19
The funds ofthe charity:
Unrestricted income		funds			510,420	510,420	529,319	529,319
Total charity funds				20	510~	S10~	529+19	529+19

								Consolidated	Charity	Consolidated	Charity
							Note	2022	2022	2021	2021
									f
Cash flow from operating		activities					Ct.	(6M~)	(611,775)	1,105	[20,009)
Interest Paid								(4,779)	(4,779)
Net cash flow from	operating			activities				(615,167)	(616+54)	1,105	(20,009)
Purchase oftangible	assets							(37,789)	(37,739)	(4,006)	(4,006)
Net cash flow from	investing		activities					(37,789)	[37,789)	[4,006)	(47306)
New loans in the year										385,000	335,000
Loan repayments								(61,334)	(61,334)
Net cash flow from	financing		activities					(52+34)	[51,334)
increase/(Decrease}	in cash and cash equivalents					in the year		[704~)	(705,677)	382,099	360,985
Cash and cash equivalents		at	the beginning		ofthe year			1,406,109	1,377,338	1,024,010	1,016,353
Total cash and cash	equivalents			at the end ofthe year				701,319	671,661	22t06,109	2+77,338

				Group	Charity
				2022	2022
					6
Net movement in		funds		(18,899)	(18,899)
Add back	depreciation		charge	7,913	7,913
Add back	Amortisation		charge	751	751
Add back	interest	paid		4,779	4,779
Increase	in stock			(9,691)	(9,691)
Increase	in Debtors			(400,164)	(399,177)
Increase	in Creditors			(195,077)	(197,451)
Net cash	used in	operating
activities				(610,388)	(611,775)

he summary	financial perfo	rmance ofthe charity alone is:
			2022	2021
			E	E
Income			5,278,879	4,084,278
Income from Trading Subsidiary			114,987	108,913
Net income			5,393,866	4,193,191
Expenditure	on Charitable	activities:	(5,408,484)	(4,465,899)
Expenditure	from Trading Subsidiary		(4,281)	(4,048)
Total funds	brought forward		529,319	806,075
Total funds	carried forward		510,420	529,319
Represented	by:
Unrestricted	income funds		510,420	529,319

.Consolida	ted income fr	om charitable and fun	draising activities
			Unrestricted funds	Unrestricted funds
			2022	2021
			E	E
Income from	School Meals		4,692,845	2,996,778
Income from	Meals on Wheels		133,757	163,290
Income from	charitable activities		137,814	180,706
Income from	other sources		314,463	743,504
Total income	from charitable	activities	5,278,879	4,084,278
Fundraising	Income
Income from	Trading subsidiary		114,987	108,913
Total income	from Charitable	and fundraising	5,393,866	4,193,191

			2022	2021
			f	f
Income			267,574	181,418
Cost of	sales and administration	costs	(264,862)	(179,446)
Net profit			2,712	1,972
Amount	gift aided to charity		(2,713)	(1,973)
Retained	by subsidiary
Assets and Liabilities
Current	assets		92,969	39,575
Current	liabilities		(92,968)	(39,574)
Total net assets

.Analysis	of expenditure	on charitable activities
				Trading
		School Meals	MOW	Subsidiary	Total
		f	f	f	f
Direct expenditure		4,152,181	123,248	137	4,275,566
Governance	Costs	10,522	388	6,416	17,326
Support Costs		1,061,424	31,430	27,019	1,119,873
Total		5,224,127	155,066	33,572	5,412,765

	General	Governance		Basis of
	support	function	Total	apportionment
	f		f
Salaries, wages 6 related costs	1,114,832		1,114,832	Allocated on time
Audit fees		12,285	12,285	Governance
Legalfees	5,041	5,041	10,082	50/50 split
Total	1,119,873	17,326	1,137,199

.Analysis ofstaff costs a	nd the cost of key
	2022
Salaries and wages	2,523,489
Social security costs	119,076
Pension costs	151,602
	2,794,167

2.Tangible fixed assets
	Group	Charity
	Fixed Assets	Fixed assets
	f	f
Cost:
As at 1April 2021	44,299	44,299
Additions	37,789	37,789
As at 31March 2022	82,088	82,088
Depreciation
As at 1April 2021	30,783	30,783
Charge for the year	7,913	7,913
	38,696	38,696
As at 31March 2022	43,392	43,392
As at 31March 2021	13,517	13,517

13.Intang	ible assets
			Group	Charity
			Intangible assets	Intangible assets
			f	f
Cost
As at 1April 2021			3,755	3,755
Additions
As at 31	March 2022		3,755	3,755
Amortisation
As at 1April 2021			1,314	1,314
Charge for the year			751	751
As at 31	March 2022		2,065	2,065
As at 31	March 2022		1,690	1,690
As at 31	March 2021		2,441	2,441
14.Stock
		Group	Group
		2022	2021
		f	f
Food		84,080	77,420
Disposables		18,629	14,037
Cleaning	Materials	11,599	13,160
		114,308	104,617

					Group	Group		Charity
					2022	2021		2022	2021
					f		f	f	f
	Trade debtors			1,286,077		952,545		1,254,846	945,983
	Amounts	owed by group undertakings						81,966	30,946
	Prepayments		and accrued income		154,744	88,112		123,163	83,869
				1,440,821		1,040,657		1,459,975	1,060,798
6.Credit	ors (amounts		falling due within one	year)
				Group				Charity
				2022		2021		2022	2021
				f		f		f	f
Trade creditors				508,409		488,755		508,409	488,281
Other Creditors and		accruals		71,079		421,862		69,359	420,362
Deferred	income			596,792		633,889		596,792	633,889
Taxation				351,022		493,516		341,739	486,862
				1,527,302	2,038,022			1,516,299	2,029,394
7.Credit	ors (amounts		falling due within more than one		year) —Group and		Charity
				2022		2021
Bank loans and accruals				264,308
				264,308

0.Funds
	2022
	f
Cha dity
Funds at 1April 2021	529,319
Income (per SOFA)	5,393,866
Expenditure (per SOFA)	(5,412,765)
Closing funds at 31March 2022	510,420

21.Leases
The group is committed to paying the following	remaining	lease payments	on non-cancellable	operating	leases:
	Group	Group
	2022	2021
	f	f
Within 1year	21,544	22,426
Between 1and 5years
Total	21,544	22,426

The assumed life expectations on retirement age 65are	:
	2021
	Years
Retiring today
Males	24.8
Females	27.3
Retiring in 20years
Males	23.1
Females	25.5
	2021
	E
Equities	3,662,000
Other bonds	1,111,000
Property	392,000
Cash and other liquid assets	90,000
Other	1,169,000
Total market value ofassets	6,424,000

he amounts	recognised	in	the Statement of Financial Activities are as follow	s:
				2021
				6
Current service cost				(244,000)
Past service	cost
Net interest	on defined	liability asset		(39,000)
Administrative	expenses			(4,000)
Total amount recognised			in the Statement of Financial Activities	(287,000)

hanges in the pres	ent	value ofth	e defined benefit obligations were	as follows:
				2021
Opening defined	benefit obligation			6
Current service cost				6,787,000
Interest cost				244,000
Employee contributions				155,000
Benefits paid				39,000
Curtailment costs				(137,000)
Actuarial losses				4,000
Experience loss/(gain)		on defined	benefit obligation	1,582,000
At 31 March 2021				8,674,000

	2021
Opening fair value ofscheme assets	6
Other actuarial gains/(losses)	5,068,000
Interest income	1,251,000
Actuarial gains	116,000
Employer contributions	54,000
Employee contributions	87,000
Assets distributed on settlements	39,000
Administration expenses
At 31 March 2021	6,424,000