CIO Registration Number: CE011227 Charity Registration Number: 1173688
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2021
for
Fat Macy's Foundation CIO
(A Charitable Incorporated Organisation)
Green Accountancy Limited Association of Chartered Certified Accountants Witney Business and Innovation Centre Windrush Park Road Witney Oxfordshire OX29 7DX
Fat Macy's Foundation CIO
Contents
| Charity information | 1 |
|---|---|
| Report of the trustees | 2-7 |
| Independent examiner's report | 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11-19 |
Fat Macy's Foundation CIO
Reference and administrative details
Registered Charitable Incorporated Organisation number in England and Wales
CE011227
Registered Charity number
1173688
Registered office
232 Shoreditch High Street LONDON E1 6PJ
Trustees
Edward Mbaraga (trustee from 5 May 2017) Steffen Hoyemsvoll (trustee from 5 July 2017) Debbie Jackson (trustee from 5 February 2020) Iona Popat (trustee from 5 February 2020) Christopher Attoe (trustee from 3 May 2021) Sophie Louise Kerwood (trustee from 3 May 2021) Anne-Marie Twumasi (trustee from 21 September 2021) Anthony Dawes (trustee from 9 November 2021)
Independent Examiner
David Wilsdon FCCA Association of Chartered Certified Accountants Green Accountancy Limited Witney Business and Innovation Centre Windrush Park Road Witney Oxfordshire OX29 7DX
Page 1
Fat Macy's Foundation CIO
Report of the trustees for the year ended 31 December 2021
Introduction
The trustees present their report with the financial statements of the charity for the period ended 31 December 2021.
The trustees have adopted the provisions of 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) (Second Edition effective 1 January 2019).
Fat Macy’s Foundation is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission (registered number 1173688).
The governing document is a Constitution dated 5th July 2017. The Fat Macy’s Foundation registered with the Charity Commission on 5th July 2017.
These financial statements cover the year from 1st January 2021 to 31st December 2021.
Objectives and activities
Objectives
The Fat Macy's Foundation is a grant giving charity which works with Londoners living in temporary and hostel accommodation. It provides training and awards grants to cover housing deposits for those experiencing homelessness. The Fat Macy's Foundation provides in-hostel catering training whereby it trains participants in catering, hospitality and food hygiene.
The Fat Macy’s Foundation exists to work for the relief of poverty, in particular of those currently living in temporary accommodation, homeless hostels and housing associations by the provision of practical advice, catering training, emotional wellbeing support and grant funding for housing deposits.
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Fat Macy's Foundation CIO
Report of the trustees for the year ended 31 December 2021
Activities
Training Academy
The Fat Macy’s Training Academies act as a trainee recruitment funnel. They begin with an Assessment Day, in which prospective trainees are introduced to Fat Macy’s and participate in confidence-building exercises, designed to identify their personal strengths. We cook together and trainees are taught basic food preparation skills. The day culminates in participants taking their Level Two Food Hygiene Qualification.
Those who complete the Assessment Day and pass their Level Two Food Hygiene Qualification are invited to the next two days of our Training Academy, where they complete a two day practical skills based training programme covering everything from food hygiene, knife skills, barista training, confidence building to exploring our Middle Eastern menu. These sessions are led by our Fat Macy’s Ltd team in collaboration with our charity.
After this we offer trainees to participate in our Trainee Takeover, where trainees put their skills into action and learn the ropes by spending the day in our restaurant, preparing food in our kitchen and serving customers.
Those who complete a Trainee Takeover are then offered a trial session at the restaurant, before being invited to join the Milestone Programme.
We are set up to run our Training Academies both in hostel kitchens or at our restaurant which is located in Victoria.
Milestone Programme
The Fat Macy’s Milestone Programme is a 200-hour work experience placement at Fat Macy’s Ltd. After 200 hours, and providing they meet certain other conditions, Fat Macy’s will provide a grant to cover a housing deposit on the trainee’s behalf to a private rented landlord.
The Milestone Programme covers a range of on-the-job training opportunities. For some this is serving at our restaurant, for others this could be prepping in our kitchen; either way our aim is to expose them to the full breadth of the hospitality industry.
As trainees complete time-based milestones (at 50, 100, 150 hours) they are eligible for Milestone Rewards - small grants to cover the essentials in their journey to independent living. These can range from photographic identification, a month’s travel pass, interview clothing, or a UK passport. They give trainees the tools to open bank accounts and start part-time jobs, and help them towards a secure future.
Page 3
Fat Macy's Foundation CIO
Report of the trustees for the year ended 31 December 2021
Support Curriculum
Alongside the Milestone Programme, trainees receive one-to-one support with our Progression and Engagement Officers, and can participate in tailored sessions from our Support Curriculum.
The Support Curriculum is a bespoke tool which provides a series of resources and focuses on employment, housing and wellbeing. Our tailored support curriculum spans a broad range of help, including benefits claims, job interview preparation and budgeting exercises.
Achievements and performance
Highlights
The pandemic continued to have a large effect on our charity, which ensured trade for our sister company was low in January-March and again in December. This has knock-on effects on our ability to provide work experience hours for our trainees, and prevented us from safely hosting Training Academies at certain times of the year.
The key highlight for us was the opening of Ebury by Fat Macy’s in Victoria in January 2021. This provides us with key training and partnership opportunities for the Fat Macy’s Foundation, and allowed us to scale the depth and scope of the training we provide. We also were delighted to work with Brookfield Properties to secure a second site in Shoreditch, which we plan to open in January 2022 as a restaurant, wine bar and office space. We concentrated on our fundraising efforts to crowdfund for the renovations and to build a dedicated Training Academy for trainees.
However, we hosted 6 Training Academies over 2021 (2020: 1 Training Academy), welcoming 26 people into our academies (2020: 5 people) and a further 13 into the Milestone Programme (2020: 1 person).
We hired a second Progression and Engagement Officer in March and a third in May. We started the Government kickstart scheme which saw more staff join our small team. We welcomed a Year Here Fellow in February 2021, Jodienne Ball, who worked on our training curriculum and partnership options.
We expanded our board in late 2021, welcoming AJ Dawes, Chirs Attoe, Sophie Kerwood and AnneMarie Twumasi. This brings our board to eight trustees.
We received a series of grants to cover running costs and direct payments to trainees during the pandemic. This includes funding from the Paul Hamlyn Youth Fund, the City of London trust and the Garfield Weston Trust.
Page 4
Fat Macy's Foundation CIO
Report of the trustees for the year ended 31 December 2021
Impact
In 2021 we had a marked increase in our impact from 2020. We provided over 2200 hours of training and work experience for people living in temporary accommodation for 16 people. Our housing deposit grant fund total raised sits at £45k.
Nine trainees completed their Milestone Programme this year - which has beat all previous records. A huge congratulations to AMika, Makbule, Marlon, Sally, Shelly, Annie, Ivandra and Jussara.
We granted two Move On grants for people who moved from hostel to home, and a further three trainees have had Move On grants approved pending finding their new home.
Fat Macy’s Foundation hired two graduates who sit in our outreach and office management teams.
We held our first Fat Macy’s Graduation in 2021, celebrating with six of the twelve graduates and their families and friends.
Awards/press
2021 saw some great press for Fat Macy’s - Marina O'Loughlin reviewed the Ebury restaurant in the Sunday Times magazine, and we had features in Suitcase Magazine, Time Out and Positive News.
Structure, governance and management
The Fat Macy’s Foundation works in partnership with Fat Macy’s Ltd.
The Fat Macy’s Foundation runs the Fat Macy’s Training Academy in hostels, which provides training opportunities for young people living in hostel accommodation. People who complete this programme are recommended to Fat Macy’s Ltd to begin the Milestone Programme, to gain real life experience. This Milestone Programme is a combination of work experience, employability support, 1-1 support and small grants to cover necessary items, to ensure that trainees are in a much better position to access the work and housing markets at the end of their traineeship.
Fat Macy’s Ltd donates a share of all profits to the Fat Macy’s Foundation. This amount is used by the Fat Macy’s Foundation as a grant and housing deposit fund. We provide small grants to trainees to secure a housing deposit, forms of photo identification and birth certificates, and clothing and travel vouchers. We are in the process of ensuring the Fat Macy’s Foundation has a golden share in Fat Macy’s Limited, to ensure we are transparent with our business and charitable works.
Page 5
Fat Macy's Foundation CIO
Report of the trustees for the year ended 31 December 2021
Fat Macy’s Ltd is a social business and as such, its social mission is integral to its operations. There is no personal benefit to the directors of Fat Macy’s Ltd in using trainees. The trainees are the target group that Fat Macy’s Ltd seeks to help through training, work experience and access to grants. Fat Macy’s Ltd has its social mission written into its governing documents.
The trustees of the Fat Macy’s Foundation have regular contact with the directors of Fat Macy’s Ltd to ensure their work is aligned. The trustees are independent, separate from Fat Macy’s Ltd and are free to make their own decisions on all matters outside the scope of the arrangements with Fat Macy’s Ltd.
The board of trustees is responsible for overseeing all aspects of governance and risk. Strategy is led by the board of trustees, working closely with the staff team. The staff team, comprising Meg Doherty (Founder and Chief Executive) and Tori Western (Delivery and Impact Lead) is responsible for the implementation of the strategy and day-to-day operations of the charity. We have a wider team of four staff who have key responsibilities in the work we do.
Trustees are appointed by a resolution passed at a meeting of the charity trustees. In selecting new trustees, the trustees consider the skills, knowledge and experience needed for the effective running of the charity. Prior to appointment, new trustees are provided with a copy of the Constitution and policies and procedures, together with the most up-to-date business plan and financial statements and forecasts.
Financial review
The Fat Macy’s Foundation received £192,000 in income during the year 2021 (2020: £181,000). The income is fully analysed in note 3 of these accounts.
At year end the Housing Deposit Fund total was £37,000 (2020: £16,000).
Total expenditure amounted to £319,000 (2020: £87,000), of which £124,000 related to Leasehold renovation costs. The net movement of funds was a reduction of £127,000 (2020: increase of £94,000).
Total reserves at 31 December 2021 was £88,095. This includes £37,498 of restricted funding remaining in our accounts being our Housing Deposit Fund.
Page 6
Fat Macy's Foundation CIO
Report of the trustees for the year ended 31 December 2021
Reserve policy
The Fat Macy’s Foundation is committed to keeping reserves of £18,000. We will review this figure annually as we grow.
The trustees have set a reserves policy whereby the free reserves (unrestricted funds) held by the Fat Macy’s Foundation should be equivalent to three months’ staff and operating costs, which equates to £6,000 per month (2020: £18,000).
As at 31st December 2021, free reserves amounted to £50,597 (2020: £199,196).
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's 05/06/2022 behalf by:
Steffen Hoyemsvoll - Trustee
Page 7
Independent Examiner's Report to the Trustees of Fat Macy's Foundation CIO
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity's trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
Having satisfied myself that the accounts of the charity are not required to be audited and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1 accounting records were not kept in respect of the charity as required by the 2011 Act; or
-
2 the accounts do not accord with those records; or
-
3 the accounts do not comply with the accounting requirements of the 2011 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and 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.
David Wilsdon FCCA Association of Chartered Certified Accountants Green Accountancy Limited Witney Business and Innovation Centre Windrush Park Road Witney Oxfordshire OX29 7DX
Date: .............................................
Page 8
Fat Macy's Foundation CIO
Statement of Financial Activities for the year ended 31 December 2021
| Unrestricted funds Note £ Incoming resources Income and endowments from: Donations and legacies 3.1 21,253 Charitable activities - income 3.2 24,448 Other trading activities 3.3 10,770 Investment income 59 Total Income 56,530 Resources expended Expenditure on: Charitable activities - expenditure 4.1 142,819 Leasehold renovation costs 4.5 62,310 Total expenditure 205,129 Net movement in funds (148,599) Reconciliation of funds: Total funds brought forward 199,196 Total funds carried forward 50,597 |
Restricted funds £ 135,035 - - - 135,035 52,309 61,652 113,961 21,074 16,424 37,498 |
Total 2021 £ 156,288 24,448 10,770 59 191,565 195,128 123,962 319,090 (127,525) 215,620 88,095 |
Total 2020 £ 162,180 19,034 - 72 |
|---|---|---|---|
| 181,286 | |||
| 86,210 1,034 |
|||
| 87,244 | |||
| 94,042 121,578 |
|||
| 215,620 |
Continuing operations
All income and expenditure has arisen from continuing activities.
Page 9
Fat Macy's Foundation CIO
CIO Number CE011227
| Balance Sheet as at 31 December 2021 Unrestricted funds Note £ Fixed assets Tangible assets 5 28,490 Total fixed assets 28,490 Current assets Debtors 6 3,993 Cash at bank and in hand 7 35,286 Total current assets 39,279 Creditors: amounts falling due within one year 8 17,173 Net current assets/(liabilities) 22,106 Total net assets 50,596 Funds of the Charity Unrestricted funds 9 50,597 Restricted income funds 9 Total funds 50,597 |
Restricted funds £ - - - 37,498 37,498 - 37,498 37,498 37,498 37,498 |
Charity Number 1173688 Total Total 2021 2020 £ £ 28,490 7,454 28,490 7,454 3,993 1,194 72,784 210,364 76,777 211,558 17,173 3,392 59,604 208,166 88,094 215,620 50,597 199,196 37,498 16,424 88,095 215,620 |
Charity Number 1173688 Total Total 2021 2020 £ £ 28,490 7,454 28,490 7,454 3,993 1,194 72,784 210,364 76,777 211,558 17,173 3,392 59,604 208,166 88,094 215,620 50,597 199,196 37,498 16,424 88,095 215,620 |
|---|---|---|---|
| 7,454 | |||
| 1,194 210,364 |
|||
| 211,558 3,392 |
|||
| 208,166 | |||
| 215,620 | |||
| 199,196 16,424 |
|||
| 215,620 |
The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by:
............................................. Steffen Hoyemsvoll Trustee
05/06/2022
Page 10
Fat Macy's Foundation CIO
Notes to the Financial Statements for the year ended 31 December 2021
1 Basis of preparing the financial statements
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:
• the Charities SORP (FRS 102) '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 1 January 2019)',
-
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'
-
and with the Charities Act 2011.
The charity is a Charitable Incorporated Organisation and constitutes a public benefit entity as defined by FRS 102.
2 Accounting Policies
Income
Income is included in the Statement of Financial Activities (SoFA) when:
-
the charity becomes entitled to the resources;
-
it is more likely than not that the trustees will receive the resources;
-
the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are included in the SoFA when the general income recognition criteria are met.
Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Expenditure
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Governance and support costs
Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Page 11
Fat Macy's Foundation CIO
Notes to the Financial Statements for the year ended 31 December 2021
Tangible fixed assets
These are capitalised if they can be used for more than one year, and cost at least £200. They are valued at cost.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
All equipment and fixed assets - 25% Straight Line Basis
Taxation
The charity registered as a charity on 5 July 2017 and since that date has been exempt from corporation tax on its charitable trading activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
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.
Liability recognition
Liabilities are recognised where 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.
The charity has creditors which are measured at settlement amounts less any trade discounts
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 12
Fat Macy's Foundation CIO
Notes to the Financial Statements for the year ended 31 December 2021
3.1 Income from donations and legacies
| Unrestricted funds £ Donations from Fat Macy's Ltd - Grants received 21,253 Total donations and legacies 21,253 Unrestricted funds Grants included in the above amounts: £ Crowdfunder Ltd - Paul Hamlyn - National Lottery 18,000 City of London - Garfield Weston - SSE round two funding 2,800 EQUIP - PayPal 152 Meanwhile Space 125 CAF 110 Charities Trust 66 Clarion Housing - LandAid trust - City Bridge Trust - Clarion Futures - Total donations and legacies 21,253 3.2 Income from charitable activities Unrestricted funds £ Coronavirus job retention scheme - Kickstart Grant 23,733 Speaker fees 715 Total income from charitable activities 24,448 |
Restricted funds £ 24,733 110,302 135,035 Restricted funds £ 51,652 30,000 - 16,650 10,000 - 2,000 - - - - - - - 110,302 Restricted funds £ - - - - |
Total 2021 £ 24,733 131,555 156,288 Total 2021 £ 51,652 30,000 18,000 16,650 10,000 2,800 2,000 152 125 110 66 - - - - 131,555 Total 2021 £ - 23,733 715 24,448 |
Total 2020 £ 5,764 156,416 |
|---|---|---|---|
| 162,180 | |||
| Total 2020 £ - 20,000 43,000 - - 11,200 - - - - 66 30,000 25,500 16,650 10,000 |
|||
| 156,416 | |||
| Total 2020 £ 19,034 - - |
|||
| 19,034 |
The charity also received £129,541 on behalf of other Kickstart recipients. This amount is not included as income or expenditure as the monies were never owned by the charity.
Page 13
Fat Macy's Foundation CIO
Notes to the Financial Statements for the year ended 31 December 2021
3.3 Income from other trading activities
| Income from other trading activities | |||
|---|---|---|---|
| Unrestricted funds £ Desk space 3,270 Rental Income 7,500 Total income from charitable activities 10,770 |
Restricted funds £ - - - |
Total 2021 £ 3,270 7,500 10,770 |
Total 2020 £ - - |
| - |
4.1 Charitable activities - expenditure
Fat Macy's Foundation provides education and training, and the prevention and relief of poverty, for children, young people and other groups.
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Staff costs: | ||||
| Salaries - Gross pay | 84,392 | 40,260 | 124,652 | 51,396 |
| Salaries - Employers NI | 489 | - | 489 | 2,582 |
| Salaries - Pensions | 1,939 | - | 1,939 | 848 |
| Direct costs: | ||||
| Grants to volunteers | - | 3,659 | 3,659 | 146 |
| Cooking class costs | - | 1,795 | 1,795 | 1,368 |
| Trainee Travel | - | 3,263 | 3,263 | - |
| Training Academy Costs | - | 1,061 | 1,061 | - |
| Training equipment | - | 205 | 205 | - |
| Trainee expenses | - | 456 | 456 | - |
| Life coach | - | 1,610 | 1,610 | 370 |
| Depreciation Expense | 10,325 | - | 10,325 | 2,485 |
| Property costs: | ||||
| Rent - Ebury | 11,306 | - | 11,306 | 708 |
| Rates - Ebury | 227 | - | 227 | - |
| Light, Power, Heating | 8,259 | - | 8,259 | - |
| Repairs & Maintenance | 4,317 | - | 4,317 | - |
| Shoreditch office expenses | 3,549 | - | 3,549 | - |
….continued
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Fat Macy's Foundation CIO
Notes to the Financial Statements for the year ended 31 December 2021
| ….continued Support costs: Advertising & Marketing Bank Fees Bloom Fund Cleaning Consulting Entertainment Expense claims Insurance IT Software and Consumables Motor Vehicle Expenses Printing & Stationery Rubbish + recycling Staff Training Subscriptions Telephone & Internet Travel - National Governance Total expenditure on charitable activities |
104 187 - 521 3,054 259 900 642 661 1,788 412 382 725 101 2,608 173 5,499 142,819 |
- - - - - - - - - - - - - - - - - 52,309 |
104 187 - 521 3,054 259 900 642 661 1,788 412 382 725 101 2,608 173 5,499 195,128 |
- - 5,225 - 16,413 90 30 - - - 1,037 - 395 52 874 871 1,320 |
|---|---|---|---|---|
| 86,210 |
4.2 Support costs
All support costs are allocated to the single charitable activity of the charity and are included above.
| Governance costs included above Unrestricted funds £ Accountancy fees 1,512 Professional advice 621 Payroll services 557 Tax investigation service 198 Management accounting service 1,140 Independent Examiners Fee 1,200 Bookkeeping software 271 Total governance costs 5,499 |
Restricted funds £ - - - - - - - - |
Total 2021 £ 1,512 621 557 198 1,140 1,200 271 5,499 |
Total 2020 £ 1,320 - - - - - - |
|---|---|---|---|
| 1,320 |
Page 15
Fat Macy's Foundation CIO
Notes to the Financial Statements for the year ended 31 December 2021
| 4.3 Staff costs Unrestricted funds £ Salaries - Gross pay 84,392 Salaries - Employers NI 489 Salaries - Pensions 1,939 Total staff costs 86,820 |
Restricted funds £ 40,260 - - 40,260 |
Total 2021 £ 124,652 489 1,939 127,080 |
Total 2020 £ 51,396 2,582 848 |
|---|---|---|---|
| 54,826 |
There are no staff working for the charity whose contracts are with and are paid by a related party. There were no ex-gratia payments made and no redundancy payments made. There are no staff working for the charity who were paid more than £60,000. There was no remuneration or expenses paid to trustees during the year (2020: none).
4.4 Staff numbers
| Average headcount in the year: | 2021 | 2020 |
|---|---|---|
| Charitable activities | 8 | 4 |
4.5 Leasehold renovation costs - for Shoreditch property
| Unrestricted funds £ Photography 1,562 Dtwo Design Limited - renovation costs 60,747 Total expenditure on raising funds 62,309 |
Restricted funds £ 1,546 60,106 61,652 |
Total 2021 £ 3,108 120,853 123,961 |
Total 2020 £ - - |
|---|---|---|---|
| - |
Page 16
Fat Macy's Foundation CIO
Notes to the Financial Statements for the year ended 31 December 2021
5 Tangible fixed assets
| Computer & office £ Cost At 1 January 2021 1,819 Additions 3,249 At 31 December 2021 5,068 Depreciation At 1 January 2021 455 Charge for year 1,267 At 31 December 2021 1,722 Net book value At 31 December 2021 3,346 At 31 December 2020 1,364 6 Debtors Unrestricted funds £ Accounts Receivable 3,100 Accrued income 299 Pensions refundable - Prepayments 594 Total debtors 3,993 7 Cash at bank and in hand Unrestricted funds £ Current Account 35,065 Savings Account - Soldo 221 Total cash at bank and in hand 35,286 |
Kitchen equipment £ 8,120 11,088 19,208 2,030 4,802 6,832 12,376 6,090 Restricted funds £ - - - - - Restricted funds £ 1,243 36,255 - 37,498 |
Van £ - 17,024 17,024 - 4,256 4,256 12,768 - Total 2021 £ 3,100 299 - 594 3,993 Total 2021 £ 36,308 36,255 221 72,784 |
Totals £ 9,939 31,361 |
|---|---|---|---|
| 41,300 | |||
| 2,485 10,325 |
|||
| 12,810 | |||
| 28,490 | |||
| 7,454 | |||
| Total 2020 £ - - 1,194 - |
|||
| 1,194 | |||
| Total 2020 £ 174,145 36,219 - |
|||
| 210,364 |
Page 17
Fat Macy's Foundation CIO
Notes to the Financial Statements for the year ended 31 December 2021
8 Creditors: amounts falling due within one year
| Unrestricted funds £ Accounts Payable 5,034 Accruals 2,109 Kickstart conduit funding 6,866 PAYE and Pension 3,164 Total creditors due within one year 17,173 9 Charity funds - current year At 1 January 2021 £ Restricted funds Housing Deposit Fund 16,424 Renovations Fund - Training Academy - Meg Doherty salary - Total Restricted funds 16,424 Unrestricted funds 199,196 Total funds 215,620 10 Charity funds - previous year At 1 January 2020 £ Restricted funds Housing Deposit Fund 10,786 Total Restricted funds 10,786 Unrestricted funds 110,792 Total funds 121,578 |
Restricted funds £ - - - - - Incoming resources £ 24,733 61,652 32,000 16,650 118,385 56,530 174,915 Incoming resources £ 5,764 5,764 175,522 181,286 |
Total 2021 £ 5,034 2,109 6,866 3,164 17,173 Resources expended £ 3,659 61,652 32,000 16,650 97,311 205,129 302,440 Resources expended £ 126 126 87,118 87,244 |
Total 2020 £ - 1,140 - 2,252 |
|---|---|---|---|
| 3,392 | |||
| At 31 December 2021 £ 37,498 - - - |
|||
| 37,498 50,597 |
|||
| 88,095 | |||
| At 31 December 2020 £ 16,424 |
|||
| 16,424 199,196 |
|||
| 215,620 |
Page 18
Fat Macy's Foundation CIO
Notes to the Financial Statements for the year ended 31 December 2021
11 Related party transactions
The charity holds a "golden share" in the company Fat Macy's Limited. This is a trading company which operates alongside the charity. The charities activities, as fully described in the trustees report, are training, support in food and cooking, and grant making to individuals. The trading company operates a restaurant which is fully staffed by that company. The trading company then provides work experience opportunities to the individuals supported by charity.
The trading company Fat Macy's Limited makes donations to the charity, as listed in note 3 above.
The charity has taken on peppercorn lease for a five story building. Substantial renovation costs were incurred by the charity as detailed in note 4 above. This building is now used by the charity for its activities and also by the related trading company, Fat Macy's Limited, which pays a market value rent to the charity for the use of the building.
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R E F E R E N C E N U M B E R 8E45FDA1-CB93-40F5-88D8-624F2CAAF658
S I G N A T U R E C E R T I F I C A T E
TRANSACTION DETAILS DOCUMENT DETAILS Reference Number Document Name 8E45FDA1-CB93-40F5-88D8-624F2CAAF658 4440 Charity Accounts Fat Macy S Foundation 31-Dec-21 220531 Transaction Type Filename Signature Request 4440_charity_accounts_fat_macy_s_foundation_31-dec-21_220531.pdf Sent At Pages 05/31/2022 14:41 +01 21 pages Executed At Content Type 06/05/2022 11:04 +01 application/pdf Identity Method File Size email 117 KB Distribution Method Original Checksum email 5610fa8e4d96cce414e136f0350b58d5b2b5eaa7edd7483b641895cbbaa4e1ce Signed Checksum 89fe29b021d2cd21ba4321f9575af067d4ffce3c6c50a455ef5252d8557e91f6 Signer Sequencing Disabled Document Passcode Disabled
S I G N E R S
| SIGNER | E-SIGNATURE | EVENTS |
|---|---|---|
| Name | Status | Viewed At |
| Steffen Hoyemsvoll | signed | 06/05/2022 11:03 +01 |
| Multi-factor Digital Fingerprint Checksum | Identity Authenticated At | |
| sthoyem@gmail.com | 513eabc31af18085609cab4141bd33bf1b68f50ce116c63d84578df0115d09bd | 06/05/2022 11:04 +01 |
| Components 4 |
IP Address 213.205.198.80 |
Signed At 06/05/2022 11:04 +01 |
| Device | ||
| Chrome Mobile iOS via iOS | ||
| Drawn Signature | ||
| Signature Reference ID | ||
| 39C0606F | ||
| Signature Biometric Count | ||
| 101 |
A U D I T S
| TIMESTAMP | AUDIT |
|---|---|
| 05/31/2022 14:41 +01 | David Wilsdon (sharefile@greenaccountancy.com) created document |
| '4440_charity_accounts_fat_macy_s_foundation_31-dec-21_220531.pdf' on Firefox via Windows | |
| from 188.220.133.115. | |
| 05/31/2022 14:41 +01 | Steffen Hoyemsvoll (sthoyem@gmail.com) was emailed a link to sign. |
| 06/05/2022 00:02 +01 | Steffen Hoyemsvoll (sthoyem@gmail.com) was emailed a reminder. |
| 06/05/2022 00:02 +01 | Steffen Hoyemsvoll (sthoyem@gmail.com) viewed the document on Chrome Mobile iOS via iOS |
| from 213.205.198.80. | |
| 06/05/2022 00:02 +01 | Steffen Hoyemsvoll (sthoyem@gmail.com) viewed the document on Chrome Mobile iOS via iOS |
| from 213.205.198.80. |
06/05/2022 01:37 +01 Steffen Hoyemsvoll (sthoyem@gmail.com) viewed the document on Chrome Mobile iOS via iOS from 213.205.198.80.
06/05/2022 03:19 +01 Steffen Hoyemsvoll (sthoyem@gmail.com) viewed the document on Chrome Mobile iOS via iOS from 213.205.198.80. 06/05/2022 11:03 +01 Steffen Hoyemsvoll (sthoyem@gmail.com) viewed the document on Chrome Mobile iOS via iOS from 213.205.198.80. 06/05/2022 11:04 +01 Steffen Hoyemsvoll (sthoyem@gmail.com) authenticated via email on Chrome Mobile iOS via iOS from 213.205.198.80. 06/05/2022 11:04 +01 Steffen Hoyemsvoll (sthoyem@gmail.com) signed the document on Chrome Mobile iOS via iOS from 213.205.198.80.