# # |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|