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.
Page 2
## **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_
Page 14
**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.
Page 19
**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**|
|**Email**|**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.**