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2024-03-31-accounts

Charity number (England and Wales) 1163986 Charity number (Scotland) SC048470

Feeding Britain

Report and financial statements For the year ended 31[st] March 2024

Feeding Britain

Contents

For the year ended 31[st ] March 2024

Reference and administrative information ...................................................................................... 1 Trustees’ annual report .................................................................................................................. 2 Independent auditor’s report ....................................................................................................... 10 Statement of financial activities (incorporating an income and expenditure account) ................... 14 Balance sheet ............................................................................................................................... 15 Statement of cash flows ............................................................................................................... 16 Notes to the financial statements ................................................................................................. 17

Feeding Britain

Reference and administrative information

For the year ended 31[st] March 2024

Charity number (England and Wales) 1163986 Charity number (Scotland) SC048470 Registered office and Milburn House operational address Dean Street Newcastle upon Tyne Suite E5 NE1 1LE Trustees Trustees who served during the year and up to the date of this report were as follows: Rosie Boycott Chair Tim Thornton Heidi Allen Hilary Berg Rachel Treweek Margaret Anne Defeyter Nicholas John Hopkins Richard Gould Frank Field (served until 23 April 2024) Anne-Marie Lawrenson (joined 15 July 2024) Gwen Anson (joined 15 July 2024) Key management Andrew Forsey National Director personnel Rose Bray Deputy Director Bankers Lloyds Bank PLC 25 Gresham Street LONDON EC2V 7HN Auditor Sayer Vincent LLP Chartered Accountants and Statutory Auditor 110 Golden Lane LONDON EC1Y 0TG

1

Feeding Britain

Trustees’ annual report

For the year ended 31[st] March 2024

The trustees present their report and the audited financial statements for the year ended 31[st] March 2024.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the charity's trust deed and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and activities

Purposes and aims

The objective of Feeding Britain is the relief of people in need – specifically for them to access and afford food – and thereby to alleviate hunger caused by the lack of opportunities or resources to obtain sufficient food.

During the reporting period, the size of our network continued to expand – from 71 regional and local partnerships, to 103 – and our work centred upon the maintenance and improvement of people’s access to low-cost but good food against a backdrop of high and rising living costs, especially for those on the lowest incomes.

This took the form of three core programmes: the ongoing development of Affordable Food Networks consisting of Community Supermarkets, Citizens’ Supermarkets, Social Supermarkets, Pantries, Food Clubs, and Food Buses; Healthy Holidays; and Pathways From Poverty.

Utilising the evidence and lessons from this work, we continued to engage constructively with national, regional, and local government on the effective projects and reforms they should be introducing to help the poorest groups in our society meet their basic needs without needing to rely on food banks.

We confirm the Trustees have had regard to the Charity Commission's guidance on public benefit and believe the charity has met the guidance.

The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

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Feeding Britain

Trustees’ annual report

For the year ended 31[st] March 2024

Achievements and performance

The charity's main activities and who it tries to help are described below. All its charitable activities focus on the relief of people in need and are undertaken to further Feeding Britain charitable purposes for the public benefit.

Feeding Britain establishes and supports innovative projects within a framework of local and regional autonomy, while facilitating collaboration and cooperation to enable the sharing of best practice. Each project operates as part of a broader programme which aims to increase the availability and affordability of high-quality food to households on low incomes, to provide that food in a dignified manner, to accompany that food with additional support to address any underlying problems in household budgets, and to source as much food as possible from the surplus stocks that arise in supply chains.

Among the programmes to be developed in the reporting period were:

Affordable Food Networks – Feeding Britain supported 348 projects in our Affordable Food Networks, including six community larders in Glasgow that are part of the Good Food Scotland network. The aim of each project is to provide a sustainable, dignified, membership-based service at the heart of the community which can prevent hunger and acute or chronic food insecurity. Staff and volunteers in those projects estimate that, under this programme, 80,300 households who accessed a range of fresh, chilled, frozen, long-life and household goods were collectively saving hundreds of thousands of pounds each month on their shopping. Among the outcomes were a reduced need for food banks and other forms of emergency provision, greater independence, higher consumption of fruit and vegetables, more meals being cooked from scratch, stronger attachment to the community, improved physical and mental health, and reduced levels of anxiety and uncertainty.

Two key themes, in respect of Feeding Britain's role in the development of Affordable Food Networks, remained prevalent during the reporting period: helping food banks to develop into an affordable food project as a means of reducing the need for crisis food parcels; and resourcing the diversification of Affordable Food Networks' supply chains in pursuit of a dignified and sustainable offer. Approximately half of all regional and local partnerships began to engage with a pilot project on this latter theme during the reporting period.

In addition, official data published by the Food Standards Agency suggested for the first time that, during the reporting period, a larger proportion of people reported accessing an affordable food project than using a food bank.

Healthy Holidays – Feeding Britain continued to both engage successfully with the UK government to develop the Holiday Activities and Food (HAF) programme in England, and also to facilitate HAF Alliance events aimed at exchanging best practice and strengthening the programme. The programme provides meals and activities for children and young people from households on low incomes during the Easter, Summer, and Christmas holidays. It was in four previous reporting

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Feeding Britain

Trustees’ annual report

For the year ended 31[st] March 2024

periods that Feeding Britain advocated for the introduction of HAF, helped facilitate the co-design of an implementation framework, and made the case for long-term government investment in the programme.

Thanks to grant funding, Feeding Britain was also able to create additional places for 9,000 children who fell slightly outside the eligibility criteria for HAF and may otherwise have missed out on the programme, despite being at risk of hunger and food insecurity, and to facilitate provision in half term breaks not covered by HAF. 30,000 meals were served under this programme during the reporting period.

In respect of the broader issue of child food insecurity, Feeding Britain continued to co-ordinate a working group of 24 local authorities, within a framework agreed with the UK government, to pilot the first steps toward the automatic registration of eligible children for their free school meal entitlement. While efforts were made to encourage the UK government to introduce an automatic registration scheme for NHS Healthy Start, good practice to raise the take-up of this programme at a local level was also disseminated across the Feeding Britain network.

Pathways From Poverty – Pathways From Poverty entails the provision of specialist advice and advocacy within food banks and across Affordable Food Networks, to help people on low incomes address the root causes of food insecurity within their household. By the end of the reporting period, the programme had operated across 28 regional and local partnerships. The direct financial benefit to 7,200 households helped by the programme had reached £4.5 million by the end of the reporting period.

In addition to these three core programmes, Feeding Britain continued working with Feeding Devon and Exeter University on a project combining combine service delivery, high-quality research, and policy relating to malnutrition and food insecurity amongst vulnerable pensioners, as well as with Feeding Bristol and other regional and local partnerships on the expansion of The Children's Kitchen project which supports food education among children in pre-school settings.

Financial review

Feeding Britain received £1,576,264 in income in the 2024 reporting period (2023 – £1,592,782). £896,298 came from 9 separate charitable grants, £573,792 from corporate and public donations and £106,174 from other trading activities. Total expenditure for the period was £1,226,093 (2023 - £1,715,830), resulting in a net increase in total funds of £350,171 (2023 – decrease of £123,049).

During the year, Feeding Britain has employed four paid head office staff and entered into a 24 month tenancy agreement at £300 a month from 1-9-2023 to 31-8-25.

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Feeding Britain

Trustees’ annual report

For the year ended 31[st] March 2024

Principal risks and uncertainties

1. Governance / organisational risk

Feeding Britain has identified risk of ineffective leadership and management resulting in the inability to successfully carry out its charitable purpose. To mitigate this risk the following measures have been taken:

2. Operational and reputational risks

Feeding Britain has identified risk related to the ability to effectively carry out the strategy across the country and the risk of reliance on strategic partnerships to execute on that strategy. To mitigate these risks the following measures have been taken:

3. Financial risks

Feeding Britain has identified risk related to budgetary control and financial reporting, maintaining adequate reserves, dependency on income sources, financial errors, or fraud. To mitigate these risks the following measures have been taken:

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Feeding Britain

Trustees’ annual report

For the year ended 31[st] March 2024

Reserves policy and going concern

1. Background

Feeding Britain has carefully considered its position with regard to formulating a reserves policy, making sure it is aligned with the organisation's strategy moving forward. The Charity adheres to the Charitable Objects and promotes the Objects by way of the powers laid out in its Constitution. Typically, the Charity:

2. Basic principles

The following principles will be maintained in the operations of the Charity and Feeding Britain's reserves policy:

3. Year-end funds in reserve, carry-overs

Given the above, the Trustees anticipate that there will be a regular amount of 'funds in reserve' at the end of each of the financial years of the Charity. The Trustees endeavour to balance the need for ensuring that the Charity can meet its future needs as well as to be able to maintain its operations through periods of decreased charitable contribution against the need and duty to apply charitable donations and funds raised to the Charity's objectives without undue delay.

4. Recognition & adherence to Charity Commission's guidance

The Trustees have reviewed and taken note of the guidance issued by the Charity Commission entitled 'Guidance Charity Reserves: building resilience (CC19)' and have devised and structured Feeding Britain's reserves policy along this guidance, specifically considering Annex 1 of the guidance note.

5. Reserves status

At 31 March 2024 the charity held £1,572,397 in total funds, of which £438,078 is unrestricted and £1,134,319 is restricted. £135,200 of unrestricted funds have been designated for specific programmes and initiatives, leaving a balance of £302,878 unrestricted undesignated reserves.

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Feeding Britain

Trustees’ annual report

For the year ended 31[st] March 2024

12 months operational costs are estimated to be £152,000. Unrestricted reserves exceeded this target by £150,878. The charity is satisfied to hold the excess reserve balance as a cushion for unforeseen costs or decrease in income.

Structure, governance and management

Feeding Britain is a Charitable Incorporated Organisation (CIO) and governed by Constitution. As per the constitution, the original charity trustees have been appointed for a period of 5 years. Additional trustees must be appointed by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

The organisation is an unincorporated charity registered as a charity on 15[th] October 2015 in England and Wales and on the 20[th] of June 2019 with the Scottish Charity Regulator.

All trustees give their time voluntarily and receive no benefits from the charity.

Fundraising

In accordance with the Charities Act 2011, as amended in 2016, the Trustees report that Feeding Britain carries out fundraising activities to support its charitable goals, and that it does not employ an external professional fund raiser or commercial participator. Feeding Britain funds the majority of its work from charitable grants received. We also accept donations from the general public through our website. To protect vulnerable persons, we do not actively solicit donations from the general public through any direct marketing. We have not received any complaints in relation to fundraising during the period.

Plans for the future

The Trustees have agreed that Feeding Britain will continue seeking to work in partnership, rather than in parallel, with likeminded organisations. The charity will cultivate partnerships within the voluntary, private, and public sectors so as to channel as much firepower as possible toward the elimination of hunger and its root causes. In particular, the Trustees envisage the number of regional and local partnerships continuing to increase, the size and coverage of Affordable Food Networks continuing to expand, a strategic emphasis being placed on the refinement and evolution of Affordable Food Networks, as well as the ongoing strengthening and development of school holiday programmes.

Their guiding principle will be to facilitate and empower programmes that are truly communityled, and driven by partnerships of likeminded organisations within a framework of regional and local autonomy, all the while being implemented in accordance with the values, objectives, and standards that bind the Feeding Britain network together. Its regional and local partnerships will continue to implement programmes that have been inspired, guided, and influenced by the

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Feeding Britain

Trustees’ annual report

For the year ended 31[st] March 2024

national network, but are flexible and responsive enough to meet local needs and circumstances. They will also provide peer-to-peer support alongside written resources to strengthen programme delivery in other areas, and to nurture ideas for innovative and effective practice at a grassroots level.

Appointment of trustees

Feeding Britain’s constitution states that every new Trustee must be appointed by a resolution passed at a properly convened meeting of the existing Trustees. In selecting individuals for appointment as new Trustees, the existing Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.

Trustee induction and training

Feeding Britain makes available to each new Trustee a copy of the current version of the constitution, a copy of the charity’s latest Trustees’ Annual Report and statement of accounts, a Trustee code of conduct, Trustee role description, and relevant Charity Commission guidance. Safeguarding training is required, a declaration of interests document is provided, and semiformal interviews take place with the Chair, an existing Trustee, and the National Director.

Related parties and relationships with other organisations

Number Seven Social Supermarket in Birkenhead is a social supermarket and cafe that provides affordable and nutritious food options to its local members. Prior to registering as a charity with the Charity Commission in October of 2019, Number Seven was operated by Feeding Britain. The National Director of Feeding Britain is a current Trustee of Number Seven.

Funds held as custodian trustee on behalf of others

Feeding Britain maintains a bank account under its bank mandate with Lloyds in which the funds are designated and restricted for the use of Number Seven. The balance of this account on the 1st of April 2023 was £25,359 and the balance on the 31st of March 2024 was £4,786. This account is held on the balance sheet of Feeding Britain, along with a corresponding liability reflecting that the funds belong to a related party.

Statement of responsibilities of the trustees

Law applicable to charities in England, Wales and Scotland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:

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Feeding Britain

Trustees’ annual report

For the year ended 31[st] March 2024

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended). 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.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Auditor

Sayer Vincent LLP was appointed as the charity's auditor during the year and has expressed its willingness to continue in that capacity.

The trustees’ annual report has been approved by the trustees on the 21[st] October 2024 and signed on their behalf by

Rosie Boycott Trustee

9

Independent auditor’s report

To the trustees of

Feeding Britain

Opinion

We have audited the financial statements of Feeding Britain (the ‘charity’) for the year ended 31 March 2024 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on Feeding Britain's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

10

Independent auditor’s report

To the trustees of

Feeding Britain

Other Information

The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 and the Charities Accounts (Scotland) Regulations 2006 (as amended) require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

11

Independent auditor’s report

To the trustees of

Feeding Britain

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with regulations made under that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

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Independent auditor’s report

To the trustees of

Feeding Britain

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity's trustees as a body, in accordance with section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005, section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

15 November 2024 Sayer Vincent LLP, Statutory Auditor 110 Golden Lane, LONDON, EC1Y 0TG

Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006

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Feeding Britain

Statement of financial activities

For the year ended 31 March 2024

Unrestricted
Note
£
Income from:
2
573,792
3
20,000
4
106,174
699,966
5
25,398
5
355,724
267,503
648,625
7
51,342
51,342
Reconciliation of funds:
386,736
438,078
Total funds brought forward
Total funds carried forward
Net movement in funds
Raising funds
Net income / (expenditure) for the year
Other trading activities
Total expenditure
Charitable activities
Total income
Expenditure on:
Donations
Other trading activities
Charitable activities		 Unrestricted
Note
£
Income from:
2
573,792
3
20,000
4
106,174
699,966
5
25,398
5
355,724
267,503
648,625
7
51,342
51,342
Reconciliation of funds:
386,736
438,078
Total funds brought forward
Total funds carried forward
Net movement in funds
Raising funds
Net income / (expenditure) for the year
Other trading activities
Total expenditure
Charitable activities
Total income
Expenditure on:
Donations
Other trading activities
Charitable activities		 Restricted
£
-
876,298
-		 2024
Total
£
573,792
896,298
106,174
1,576,264
25,398
933,192
267,503
1,226,093
350,171
350,171
1,222,226
1,572,397		 Unrestricted
£
305,629
-
33,405		 Restricted
£
-
1,253,748
-		 2023
Total
£
305,629
1,253,748
33,405
699,966 876,298 339,034 1,253,748 1,592,782
25,398
355,724
267,503		 -
577,469
-		 21,716
300,156
57,276		 -
1,336,682
-		 21,716
1,636,838
57,276
648,625 577,469 379,148 1,336,682 1,715,830
51,342
51,342
386,736		 298,829
298,829
835,490		 (40,114)
(40,114)
426,850		 (82,935)
(82,935)
918,425		 (123,049)
(123,049)
1,345,275
438,078 1,134,319 386,736 835,490 1,222,226

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 17a to the financial statements.

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Feeding Britain

Balance sheet

As at 31 March 2024

Note
Fixed assets:
12
Current assets:
13
Liabilities:
14
17a
Total assets less current liabilities
Debtors
Funds:
Restricted income funds
Unrestricted income funds:
General funds
Designated funds
Creditors: amounts falling due within one year
Net current assets
Cash at bank and in hand
Stock
Tangible assets
Total funds		 2024
£
795,516		 2023
£
299,591
795,516
53,303
124,700
679,057		 299,591
15,000
-
1,132,168
857,060
(80,179)		 1,147,168
(224,533)
776,881 922,635
1,572,397 1,222,226
1,134,319
135,200
302,878		 835,490
-
386,736
1,572,397 1,222,226

Approved by the trustees on 21st October 2024 and signed on their behalf by

Rosie Boycott Trustee

15

Feeding Britain

Statement of cash flows

For the year ended 31 March 2024

For the year ended 31 March 2024 For the year ended 31 March 2024 For the year ended 31 March 2024
Note
£
£
Net income / (expenditure) for the reporting period
350,171
(as per the statement of financial activities)
(Increase) in stock
(124,701)
Depreciation charges
16,507
Loss on disposal of assets
7,830
(Increase) / decrease in debtors
(38,303)
(Decrease) / increase in creditors
(144,354)
Net cash provided by operating activities
67,150
(520,261)
(520,261)
(453,111)
1,132,168
679,057
Cash flows from operating activities
Net cash (used in) investing activities
Cash flows from investing activities:
Purchase of fixed assets
2024
Cash and cash equivalents at the beginning of the
year
Cash and cash equivalents at the end of the year
Change in cash and cash equivalents in the year		 £
£
(123,049)
21,020
6,933
32,087
191,310
128,301
-
(189,977)
-
(61,675)
1,193,843
1,132,168
2023
67,150
(520,261)
(453,111)
1,132,168		 128,301
(189,977)
-
(61,675)
1,193,843
679,057 1,132,168

16

Feeding Britain

Notes to the financial statements

For the year ended 31 March 2024

1 Accounting policies

a) Statutory information

Feeding Britain is a Charitable Incorporated Organisation, registered with the Charity Commission (registered charity number 1163986) and Office of the Scottish Charity Regulator (registered charity number SCO48470).

Principal place of business and registered office: Milburn House Dean Street New Castle upon Tyne Suite E5 NE1 1LE

b) Basis of preparation

The financial statements 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) - (Charities SORP FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

c) Public benefit entity

The charity meets the definition of a public benefit entity under FRS 102.

d) Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

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.

Vouchers for distribution to beneficiaries (see below) are recognised as income to the value of the vouchers provided and in the period in which they are donated.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

f) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

17

Feeding Britain

Notes to the financial statements

For the year ended 31 March 2024

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

h) Grants payable

Grants payable are made to third parties in furtherance of the charity's objects. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and that any condition attaching to the grant is outside of the control of the charity.

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

i) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity. Approximately 11% of support costs were allocated to fundraising activities and 89% were for the delivery of charitable activities. For last year the allocation was 15% and 85%

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities. Approximately 11% of support costs were allocated to fundraising activities and 89% were for the delivery of charitable activities for this year and last.

j) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

k) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £2,000. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

 Motor vehicles Reducing balance 15%

 Leasehold improvements Straight line over length of lease (10-20 years)

Depreciation is charged once an asset is ready and available for use by the charity.

18

Feeding Britain

Notes to the financial statements

For the year ended 31 March 2024

1 Accounting policies (continued)

l) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

m) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

n) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

o) Stock

Sainsbury e-vouchers donated to Feeding Britain through its partnership with Comic Relief. These will be used to purchase food supply for our affordable food programmes and distributed to our partner oganazations across the Feeding Britain network. We do not cosider there to be any impairment to the value of the vouchers as of the balance sheet date.

2 Income from donations

Income from donations
Donations and gifts
Gift Aid
Prezzo Christmas Campaign
Carval Investors
The Times Christmas Appeal		 Unrestricted
£
222,262
17,555
14,742
3,550
315,684		 £
-
-
-
-
-
Restricted		 2024
Total
£
222,262
17,555
14,742
3,550
315,684		 Unrestricted
£
263,884
13,745
34,000
(6,000)
-		 £
-
-
-
-
-
Restricted		 2023
Total
£
263,884
13,745
34,000
(6,000)
-
573,792 - 573,792 305,629 - 305,629

19

Feeding Britain

Notes to the financial statements

For the year ended 31 March 2024

3 Income from charitable activities

Performance related grants
Comic Relief
Sainsbury Vouchers
Glasgow City Council
Tudor Trust
Breaks Meals and More
John Armitage Charitable Trust
Sanctuary Scotland
Foundation Scotland
JP Morgan
Julia and Hans Rausing Trust
Duchy of Lancaster
Allchurches Pathways Grant
Hadley Trust
AKO Foundation
Robertson Trust
Kickstart Receipts
Morrisons Foundation
Greggs Foundation
Devon County Council
Wheatley Homes
Urban Fox
Feeding Devon
B&Q Foundation
Other restricted funding		 Unrestricted
£
-
-
-
-
-
20,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 £
457,050
180,000
104,599
83,000
23,649
-
10,500
7,500
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
10,000
Restricted		 2024
Total
£
457,050
180,000
104,599
83,000
23,649
20,000
10,500
7,500
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
10,000		 Unrestricted
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 £
150,000
6,442
17,000
22,130
-
15,000
7,500
350,000
200,000
120,000
75,000
75,000
50,000
40,250
39,476
24,354
20,000
14,096
10,000
7,500
5,000
5,000
-
Restricted		 2023
Total
£
150,000
-
6,442
17,000
22,130
-
15,000
7,500
350,000
200,000
120,000
75,000
75,000
50,000
40,250
39,476
24,354
20,000
14,096
10,000
7,500
5,000
5,000
-
20,000 876,298 896,298 - 1,253,748 1,253,748

4 Income from other trading activities

Trading income
Interest income		 Unrestricted
£
105,271
903		 £
-
-
Restricted		 2024
Total
£
105,271
903		 Unrestricted
£
33,405
-		 £
-
-
Restricted		 2023
Total
£
33,405
-
106,174 - 106,174 33,405 - 33,405

Trading income is from sales at six community food markets in Glasgow.

20

Feeding Britain

Notes to the financial statements

For the year ended 31 March 2024

5a Analysis of expenditure (current year)

Analysis of expenditure (current year)
Staff costs (Note 8)
Grants to local implementation partners
(Note 6)
Food and other stock for community
food markets
Motor vehicle expense
Community food market equipment
Depreciation and loss on disposal of fixed
Printing, postage and stationery
Telephone
Travel, equipment and communications
Insurance
Audit and accounting
Professional fees
Advertising and social media
Events and conferences
Heat and light
Rent and business rates
Sundry
Bank charges
Support costs
Governance costs
Total expenditure 2024
Total expenditure 2023		 Raising
funds
£
-
-
-
-
-

-
-
-
-
-
-
-
-
-
-
-
2,211
-
2,211
9,970
13,216
25,398
21,715		 Charitable
activities
£
67,014
628,513
8,251
7,384
24,337
-
741
-
-
6,213
1,498
-
1,157
-
537
-
745,647
80,786
106,759
933,192
1,636,838		 Other
trading
activities
£
76,646
-
179,444
1,742
-
-
-
-
-
-
-
-
-
-
-
9,671
-
-
267,503
-
-
267,503
57,276		 Governance
costs
£
66,082
-
-
-
-
-
221
-
-
2,395
18,275
23,579
-
3,611
-
5,053
-
759
119,976
-
(119,976)
-
-		 Support
costs
£
73,603
-
-
-
-
-
-
1,924
7,150
-
-
734
-
-
-
-
7,345
-
90,756
(90,756)
-
-
-		 2024 Total
£
283,345
628,513
187,695
1,742
7,384
24,337
221
2,666
7,150
2,395
18,275
30,526
1,498
3,611
1,157
14,724
10,092
759
1,226,093
-
-
1,226,093		 2023 Total
£
205,730
1,338,987
46,748
4,649
3,311
27,522
85
1,453
6,827
971
11,700
21,097
2,916
700
2,591
1,347
38,786
413
1,715,830
-
-
1,715,830

21

Feeding Britain

Notes to the financial statements

For the year ended 31 March 2024

5b Analysis of expenditure (prior year)

Staff costs (Note 8)
Grants to local implementation partners (Note 6)
Food and other stock for community food
markets
Motor vehicle expense
Community food market equipment
Depreciation
Printing, postage and stationery
Telephone
Travel, equipment and communications
Insurance
Audit and accounting
Professional fees
Advertising and social media
Events and conferences
Heat and light
Rent and business rates
Sundry
Bank charges
Support costs
Governance costs
Total expenditure 2023		 Raising
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
3,241
-
3,241
8,422
10,053
21,715		 Charitable
activities
£
68,456
1,338,986
7,623
-
3,311
27,522
-
1,453
6,827
-
-
11,977
2,916
-
2,591
1,347
30,045
-
1,503,054
48,328
85,456
1,636,838		 Other
trading
activities
£
13,504
-
39,124
4,649
-
-
-
-
-
-
-
-
-
-
-
-
-
-
57,276
-
-
57,276		 Governance
costs
£
67,020
-
-
-
-
-
85
-
-
971
11,700
9,120
-
700
-
-
5,500
413
95,509
-
(95,509)
-		 Support
costs
2023 Total
£
£
56,750
205,730
-
1,338,986
-
46,748
-
4,649
-
3,311
-
27,522
-
85
-
1,453
-
6,827
-
971
-
11,700
-
21,097
-
2,916
-
700
-
2,591
-
1,347
-
38,786
-
413
56,750
1,715,830
(56,750)
-
-
-
-
1,715,830

22

Feeding Britain

Notes to the financial statements

For the year ended 31 March 2024

Grants to implementation partners
Involve Northwest (citizens advice)
Be Enriched (Wandsworth Food Bus)
Bassetlaw Food Hubs
Number Seven Citizens Supermarket
Coventry Independent Advice
Dartmouth Community Kitchen
Other small grants (under £30,000)
Happy Days - Calderdale		 2024
£
101,067
38,633
95,057
50,121
-
42,602
42,500
258,533		 2023
£
40,820
48,021
274,767
37,500
148,562
-
-
844,024
628,513 1,393,693

Grant are made to regional and local implementation partners to further our charitable mission by supporting strategic programmes for preventing hunger, reforming community food provision along more sustainable and dignified lines and building an evidence base from which to pursue strategic change.

This is stated after charging / (crediting):

This is stated after charging / (crediting):
2024 2023
£ £
Depreciation 16,507 20,590
Audit (excluding VAT) 12,550 11,700

Staff costs were as follows:

Staff costs were as follows:
Social security costs
Recruitment and training
Salaries and wages
Employer’s contribution to defined contribution pension schemes		 2024
£
256,632
17,051
8,590
1,073		 2023
£
190,074
8,034
6,626
995
283,345 205,730

No employee earned more than £60,000 during the year (2023: nil).

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £66,082 (2023: £67,020).

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2023: £nil). No charity trustee received payment for professional or other services supplied to the charity (2023: £nil).

23

Feeding Britain

Notes to the financial statements

For the year ended 31 March 2024

9 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was 11 (2023: 7).

Staff are split across the activities of the charity as follows:

Staff are split across the activities of the charity as follows:
Good Food Scotland
Community Supermarket
Head office
 2024
No.
4.0
-
7.0		 2023
No.
4.0
-
3.0
11.0 7.0

10 Related party transactions

Number Seven Social Supermarket in Birkenhead is a social supermarket and cafe that provides affordable and nutritious food options to its local members. Prior to registering as a charity with the Charity Commission in October of 2019, Number Seven was operated by Feeding Britain. The National Director of Feeding Britain is a current Trustee of Number Seven.

Feeding Britian maintains a bank account under its bank mandate with Lloyds in which the funds are designated and restricted for the use of Number Seven. The balance of this account on the 1st of April 2023 was £25,359 and the balance on the 31st of March 2024 was £4,786 All spending from this account was for on-going operating activities of Number Seven. Other transactions with Number Seven in the period include £95,057 in charitable grants to Number Seven, reflected in Charitable activities and £4,786 due in Creditors. Last year there were £86,900 in grants, £15,000 in debtors and £25,359 in creditors related to Number Seven.

11 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

12 Tangible fixed assets

At the end of the year
At the start of the year
Cost
Depreciation
Net book value
Disposals in year
Eliminated on disposal
At the end of the year
At the end of the year
At the start of the year
Charge for the year
At the start of the year
Additions in year		 Leasehold
improvements
£
189,547
520,261
-
Motor
vehicles
£
183,690
-
(15,000)
Total
£
373,237
520,261
(15,000)
709,808 168,690 878,498
-
-		 73,645
16,507
(7,170)		 73,645
16,507
(7,170)
82,982 82,982
709,808 85,708 795,516
189,546 110,045 299,591

All of the above assets are used for charitable purposes.

24

Feeding Britain

Notes to the financial statements

For the year ended 31 March 2024

14
Amounts due to related parties
15a
General
unrestricted
£
-
302,878
302,878
15b
General
unrestricted
£
-
386,736
386,736
Amounts due from related parties
Net assets at 31 March 2023
Tangible fixed assets
Analysis of group net assets between funds (current year)
Accruals
Net current assets
Net assets at 31 March 2024
Analysis of group net assets between funds (prior year)
Tangible fixed assets
Net current assets
Creditors: amounts falling due within one year
Other creditors
Accrued income		 14
Amounts due to related parties
15a
General
unrestricted
£
-
302,878
302,878
15b
General
unrestricted
£
-
386,736
386,736
Amounts due from related parties
Net assets at 31 March 2023
Tangible fixed assets
Analysis of group net assets between funds (current year)
Accruals
Net current assets
Net assets at 31 March 2024
Analysis of group net assets between funds (prior year)
Tangible fixed assets
Net current assets
Creditors: amounts falling due within one year
Other creditors
Accrued income
Designated
£
135,200		 2024
£
-
53,303		 2023
£
15,000
-
53,303 15,000
2024
£
1,370
4,786
74,023		 2023
£
121,433
103,100
-
80,179 224,533
Restricted
funds
£
795,516
338,803
Total funds
£
795,516
776,881
302,878 135,200 1,134,319 1,572,397

Designated
£
-
-		 Restricted
funds
£
299,591
535,899
Total funds
£
299,591
922,635
386,736 - 835,490 1,222,226

25

Feeding Britain

Notes to the financial statements

For the year ended 31 March 2024

16a Movements in funds (current year)

Movements in funds (current year)
Total restricted funds
Total designated funds
General funds
Glasgow Larders
Pathways from Poverty
Other designated funds
Total unrestricted funds
Summer holiday meals
Number Seven Revenue Support
Affordable food programme
Other smaller projects
Restricted funds:
Threehills
Total funds
Pathways from Poverty
Rausing partner network support grants
JP Morgan partner network support
Unrestricted funds:
Designated funds:
Wandsworth Food Bus
Sainsbury Vouchers
Glasgow Larders		 £
428,420
57,959
-
-
56,250
2,450
42,071
248,340
At 1 April
2023		 £
341,115
45,917
180,000
59,118
-
-
-
250,149
Income &
gains
 £
(99,685)
(101,067)
(55,300)
(59,118)
(56,250)
(2,450)
(28,650)
(174,950)

Expenditure &
losses		 £
-
-
-
-
-
-
-
-

Transfers		 £
669,850
2,809
124,700
-
-
-
13,421
323,539
At 31 March
2024
835,490 876,298 (577,469) - 1,134,319
-
-
-
-
-
-		 94,467
-
-
-
-
-		 (198,742)
(61,795)
-
-
-
-		 104,275
81,795
20,000
38,000
10,000
47,200		 -
20,000
20,000
38,000
10,000
47,200
-
386,736		 94,467
605,499		 (260,537)
(388,087)		 301,270
(301,270)		 135,200
302,878
386,736 699,966 (648,625) - 438,078
1,222,226 1,576,264 (1,226,094) - 1,572,397

The narrative to explain the purpose of each fund is given at the foot of the note below.

26

Feeding Britain

Notes to the financial statements

For the year ended 31 March 2024

16b Movements in funds (prior year)

Total restricted funds
General funds
JP Morgan partner network support
Total funds
Wandsworth Food Bus
Total unrestricted funds
Restricted funds:
Other smaller projects
Unrestricted funds:
Pathways from Poverty
Rausing partner network support grants
Dartmouth Community Kitchen
Children's Kitchen
Threehills		 £
180,614
85,554
27,638
22,685
(3,449)
-
605,383
At 1 April
2022		 £
343,368
20,813
94,824
-
134,699
200,000
350,000
110,044

Income &
gains		 £
(95,562)
(48,408)
(122,462)
(22,685)
(75,000)
(197,550)
(307,929)
(467,087)

Expenditure &
losses		 £
-
-
-
-
-
-
-

Transfers		 £
428,420
57,959
-
-
56,250
2,450
42,071
248,340
At 1 April
2023
918,425 1,253,748 (1,336,683) - 835,490
426,850 339,034 (379,148) - 386,736
426,850 339,034 (379,148) - 386,736
1,345,275 1,592,782 (1,715,831) - 1,222,226

Unrestricted funds are for the general objects of the Charity without further specified purpose and are available as general funds.

Purpose of restricted funds:

Threehills - a planned community supermarket and café in Glasgow

Wandsworth Food Bus - a mobile greengrocer and community space helping people in areas experiencing food insecurity or inaccessibility to food

Pathways from Poverty - the provision of specialist advice and advocacy within food banks and similar settings, to help people on low incomes address the root causes of food insecurity within their household.

Financial support, including start-up costs and revenue funding, for Feeding Britain Partner organizations affordable food clubs.

Designated funds:

Ongoing revenue support for the Good Food Scotland larders, Number Seven Community Market and Cafe and the Pathways From Poverty programme in Belfast.

17 Capital commitments

At the balance sheet date, the charity had committed to £112,430 (2023: £401,000) in respect of the Threehills project.

18 Operating lease commitments

The charity has entered into a lease commitment for the Threehills supermarket project with rent payable at £1 per annum until September 2042. Leasehold improvements made at the site have been capitalised as shown in note 12.

27