REGISTERED COMPANY f*UMBER.. 09772128 (England and Wales) REGISTERED CHARITY NUMBER: 1175669 REPORT OF THE TRU TEE AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2021 FOR EATIP4G BEER A COMPANY LIMITED BY GUARANTEE Chariot House Limiied Chartered Accountants 44 Grand Parade Bri¥hton East Sussex BN? 9QA
EATING BETTER CONTENTS OF THF. FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUP*E 2021 Page Rewrt of the Trnstees Report of the Independent Auditors 8 to 11 Statejntnt of Financial Activilt 12 Bal&nte Sheet 13 Notes to the Financial Statements 14 to 18
EATING BETTER REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2021 The Trustees who are also director5 of the charity for the purposes of the Companies Act 2(M)6. present their report with the financial statem¢llt5 of ihe charity for the year ended ioth Jt]ne 2021. The Trnste¢s have adopted the provisions of Accounting and Reporting by Charities.- Statement of Recomm¢nded Practice applicable to chariiies preparing their accounts in accordance i¥ith the Financial Rep)rting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019). OWEcfivES A.ND ACTIVITIES Objectives aim5 Governing in5truJDent and objects The Eating Better allianc¢ was launched on 1st July 2013. li became a company IiEnited by guarantee on 10th September 2015 and was registered as a charity on 9th November 2017. Eating Bett¢¢s obJts are: To advance the education of the public in mallers relailng to healthy. Sustsinable and faÈr fts( systeTns and to undertake research inio ihe impaci of eating patteTns on health and the environmeni the useful results of which will be published for the public benefit. The preservation and proieciion of tsood health for the public benefit by promoting the Consumption of healthier diets Ihat contain tnore plant-based food5 and les5 and better meat and dairy produce. To proieci. preserve and improve the physical and nathrdl environmeni through th¢ protnotion of sustainable agriculiural methods and amimal welfare practices. About Eating Better Eating Better is an alliance of civil society oruanisations launched in 2013, in response to growing evidence of the need for sustainable diets less & better Tneat for rKople's health, the health of the planet and feeding the world more fairly. Our long-trrni ambition is to see dieiary patterns shift towards betng healthy and sustainable. Who we are We are a charity and our work is noi for profil. We an alliance of over 60 civil society organisations spanning a breadth of expertise and interests including the environmenL climate change. animal welfare, social jullice, resource use, public health, research, PTofessional and producer interests. We have a small core staff team thai has been led by our Executive Director, Simon Billing and a Board of Ttustee5. What we do Our activities r¢fl¢¢t th¢ shared goals estsblished by the alliance to= Build and demonstrate coherent cross-secioral leadership and ¢ollal)or*ion on less & better meal consumption and more plant-based eatinu as part of healthy, sustainable diets. To make ¢hange hapn at the l¢v¢l of government policy. business practice and behaviour clwlge. by developing 'asks', generatints advocacj 5UPPOrt and encouraoing prdctical initiatives. Stimulate long-ierni tultural shifts b). devisino new wa}'s of framing the '¢at less meat. message that are compelling and inclusive. How we are funded Eating Better is urdnt fi]nded frotn trusts and foundations outside of the alliance and pmject fitnding from member organisation5. Page I
EATING BETTER REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2021 ORJECTIVES AND ACTIVITIES Public benefit In shaping our objectives and planning our activities for the year. the Trustee5 have considered the duties set out in Section 17(5} of the Charities Act 2011 to have due regard to public benefii. In particular. the Ttustees have considered how the planned activities will contyibuie io the overnll aims and objeciives thai the have seL The Trusrees believe thai the paragraphs atrM)ve. and those in the section 'Achievement and PerformaTrce', convey in detsil the benefits that the Charity provides io ihe public. Page 2
EATIG BETTER REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2021 ACHIEVEMENT AND PERFORMANCE Charitable activities 2020_20? I began wilh a focus on delivery of our 'Better bj. Half- Roadmap. that estsblished 24 actions io be tsken by government, food retail. investors, food service. producers and processors in order io achieve by 20JO a 50 /0 reduction in UK meat and dairy consumption and a transiiion io l)ette¢ a5 standard. Key aims for the )ear were io intluence the bu5ine5S pra¢ti¢es of reiailers and f(XKI servi¢e- io enga. e with public sectOT caiering and to strengthen our positiv¢ narrativc for move towards more plant-based diets and less and better meal and daÈry. W¢ arc grateful for renewed support from the Esmée FaiTbairn Foundation. and from our new funders. th¢ Oak Foundation and Farming the FuttEre. Th¢ Covid-19 pandemic brought renewed interest in the f¢yxl and fam)ing system. The year Saw us continuing to grow the alliance, ¢ondu¢t and publish new research to support a rn0 impacffiil and ¢¢y)rdinaied civil society campaign for Change. Key activitie5 during the vear included: Coordinating & expanding opportUDitie5 for dialogue We recruited i new influential supportino oan]SationS - The Go(xl Foj Insciiuie. Sch(411 Food Matters and The Wildlife TNsis. We have had excellent entsLuetnent with our alliance organtsations this year both offering advice on their own activities and campaigns and sharino their campaiJo s on our own communication channels. We produced our first 'Sour¢ing Bette¢ guide to help retailers and restaurants source climate and nature-friendly meal. Our guide offers a vision of famiing that benefits climate, nalure and the health and 't]fare of farni anirnals, while ensuring profitability of farmers. It has been the firsi lime the alliance has come touether to produce a clear pathway to the sourcing of better tneat, hatne55ing the breadth of expertence and expertise across ihe alliance. Seyeral superniarkets have cited using the guide io inforni their strategy. We held an annual alliance event to draw together the opportunities arising from Covid-19 and identify common priorities for the alliance. Research Our latest UK public attimdes survey with Populus shows ovenfvhelming public support for less and better meat. It shows manj. of us have been tying io eal less meal, and strong support for farmers with high animal welfare and environtnental 5tandard5. We published our 2021 Ready Meals report suryeyinu our largest sample of 2.743 readj. meals across 10 UK superniarkets. The results show an increase by s/0 in the Tanee of veaetarian and plant-based mea15 since 2018. Four supem]arkets greatly increased their plant-based rdnge.. Aldi bj 175¥0 and Tesco by joi /o. while the Co-op and Morri50ns are both up by 2nore than 6/. This yes analysÉs shows thai plant-based ready meals are also more affordable in line with our calls for retailtT5 to encourdge sales of plant-based Meals by pricing them more compeiitively against meat. fish and vegetarian dishes. We carried out our first survey of public secior caierers to estsbli5h prows5 since they launched a comtnittnent to 200/0 less meal. The result5 of the Survey show progress toardS servin(p less meat in public sector rnea15. Nearly 80°/o of those TX)Iled had decided io reduce Tneat c(Trntent acros5 menu& and 83°h have increased bean5 and pulses in di5he5 by up to a fifth. We continued io build on our publication of 'We Need to Talk About Chicken. thai challenged the impact of a dietary 5WÈtch to intensively produced chicken. We were pleased ro see thai ihe Clima Change Colnmitttt adapted their advice in their Sixth Cart Buduet this year to reduce consumption of all meal. We began a new alliance project to develop the less and better rneat and dairy proposition for local authorities after declarino a Climate and Nature Emergency. Page 3
EATING BETTER REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2021 Communicatiolls We made a siunificat]t investtnent tn ¢ommunication$ this year with the recrnitment of dedicated media and digital expert15e to increase our engagemeni in the public debe on le&$ and beller meat and dairy. A5 a resuli. we have in¢re&sed our media aciivity by 30/0 in the l&%t 6 months with more than 150 pieces of media coverage and 3 broadcast interviews. At the same time visit5 to our website in¢reased by 86(/+o, whith we atiribute to increasing visibility in the media. In the last six months entsaoemeni with our Twitter and Linkedln content increased by 165Q/o and 14740/ respectively. We produced 28 articles for our website. For the time we have created video content for our social media channels with fartner diaries in supwn of less and better meat and dairy. We are curr¢ntlJ' producinu our first series of brand films, iT) which we engaue with stskeholders across our key target audiences. including food retailer5. producers and the publi sector. We spoke at s¢Yeral influential events. includino Plant-based week. the Northern Ireland Nature and FaThing Conference and Public Sector We were invited to be an independent expen in the citizen dialogues on sustainable diets for the NatiODal Fo(xl Strdtegy and gave input to the developm¢ni of the review. We have supported the launch of the National Food Strdtegy through coordination with [nebe[S and engagement in th¢ tnediL Impact of COVID-19 COVID-19 has put the food sector under strain. With this pandemic backdrop our engagement with retailers and food service has been interntpted. We continued our engagement with ietailet5 from the autumn of 2020, but have faced difficuliits with the food service sector, which h&5 found it difficuli to plan In view of the drarnatic drop irk demand it has experienced. Additionally, the lack of ÉEJ-person event5 and nei0¥king opportuniti¢s has inhibited our opportunities io meet new potential members and funders. However, with renewed funding, alongside sUPW)rt froln new funders, we have expanded our team, and successfully adopted virtual working both as a ieam and in our proj¢d work with our alliance members. The pandeTnic has caused greater intere51 in hcalth and fthMI and increasing oppominities to str¢nuthen our public message of 'less and bettev. Over the nexi year we will= suppoft the calls of the National Food Straiegy in the White Paper that 15 expected and pursue other emerging policy opportunities, such as the review of the Government Buying Standard5. continue to support and champion nature-friendly farniing and challenge industrial rneat prtKluction in the UK with retailers and food service providtr5. influence public sector procurement catertno in schools through Ial authori¢ie5. - bllild Tnore coordinated messaging across the alliance to 5UPPOrt positive dierary change. - track change through sutvey work on public attitudes and business progress. build our stOTytelling through engagement with key stakeholdets to Taise awareness of the need for a 'l¢s5 and bette approach. Page 4
EATI.YG BETTER REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2021 FJNANCIAL REVIEW Reserve5 policy Eating B¢tter'5 policy is to invest its funds to drive change towards healthy and sustainable di¢ts. We aim to retain sufficient free reserve5 to enable us to Tneet our COTnn]itsnents and continue io opente efficiently. Our level of free re5etves is lartsely dependent on the iimino of annual nI funding. which we receive in the first quarter of our financial vear. We manage our reserves over this fundin£ c}'cle by rnonitOTinu our WOlg capithl and by generating funds froEn charitable service5 and project income throuJo hout the year. We consider our income portfolio, our expendimre commimients and working capithl. At 30th June 2021 r¢serv¢s were £97,370 (£66,702 at 30th June 2020). Our reserve5 target is £43.IIM) representing our core owional cornmitments. We are £54.270 over this target due to the timing of grdnts. We extct to spend down this with our commilJn¢nts in the next financial >'ear. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing dOcuent The charity is controlled by its govetnino documen( a deed of and con5titute% a limiied company. limited by guarantee, as defined by the Companies Aci 2W6. The organi5atiOTt is a company limited by guarantee, incwporated on 10th Sepiember 2015 and registered as a charity on 9th November 2017. The company was established under a Memorandum of Association which tstablished the objects and powers of the charitable company and is governed by its Articles of Association. The members have guaranteed io Contribute a Tnaxirnum of £10 each in the eveni of the company beinu wound up. Recruitm¢nt and appointment of Dew trustees The Director5 are Charily Trusiees as deflned by section 177 of the Charities Act 2011. Trusttts are appointed by ordinary resolution by the present trustees or ai the Annual General Meeting. OrgaThi5ational structure The Charity is run bj. the Board comprising of the Tru5tee5 who delegate the day io day rnnDing to the Executive Director. Simon Billing. Risk rnanagemenl The Trustees have conducted their own review of the major risks to which the charity i5 exposed, and systems have been established to manage those risks. Risk5 to fundinu have led to the implemenraiion of a fundraising strdtegy to allow for the diversification of fvnding. Internal risks are minin]i5ed ensuring tsood communicaiion and consultation within the alliance. These procedures are periodi]lY reviewed to ensure that they still meet the needs of the charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 09772128 (England and Wales) Registertd Charity number 1175669 Pagc 5
EATING BETTER REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2021 Registered offic¢ 44 Grand Parade Brighton East Sussex BN2 9QA Trustees Ms J C Landon Ms C McKenna Ms C E Oxborrow Ms S C Parente (resigned 1411012020) Mr D William5011 Mr N W Du(Tdale Ms V Hird (appointed 1411012020) Company Se¢r¢tary Mr S Billing Auditors John Thacker FCA DChA Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Su55ex BN2 9QA Bankers HSBC 153 North Street Brighton East Sussex BNI IRE STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees {who are also the direciors of Eating Better for the pur5¢5 of company lawl are responsible for preparing the Report of the TrnSe$ and Ihe financial sraiements in accordanee with applicable law and United Kingdom Accounting Standards (United Kingdom Generdlly Accepted Accounting Practice). Company law requires the trustees to prepare financial staiements for each financial year whÈch give a trne and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charirable ¢ompany lor thai period. In Pwmring those financial Statements, the Trustees are required to select suitable accountilto policies and then apply thern consistenily- Observe th¢ meth(Ids and prin¢ipl¢s in ihe Charity SORP. make judgements and estimates that are reawnable and tTrTudent- prepare the financial stsiements on the going concerll basi5 unlcss it is inappropriate to presume that the charitable company will continue in business. Page 6
EATINC BETTER REPORT OF THE TRUSTEES FOR THE YEAR ENDED30TH JUNE 2021 STATEMENT OF TRUSTEES, RESPONSIBILITIES- Contilled The Trnstees are reswnsible for keeping proper ac¢ouniing recor(ts which disclose with reasonable accuracy at any time the financial posiiion of the charitsble company and to enable them to ensure ihai the fmancial sratements comply with the CoTnpanie5 Act 2006. They are also re5pon5ible for safeuuardin¢y the assets of the charitable company and hence for tsking reasonable steps for the prevention and deiection of fraud and other irregulariiies. In so far as the Trustees are aware.. ther¢ is no relevant audtt tnfoTmation of whtch th¢ charitable company's auditors are unaware,. and the TTU5tee5 have taken all step5 that they oughi io have taken to rnake themselves aware of any relevant audit inforrnation and to establish that the auditOT5 are aware of that information. AUDITORS The auditors. Chariot House Limited, will be proposed for re-appointment at the forthcorning Annual Genetal Meeting. azck 2dA Approved by order of the board of Trustees on ............................................. and signed on tts behalf by.. M5 C McKenna- Chair of Trusiees Page 7
REPORT OF THE INDEPENDENT AUDITORS T EATING BETTER THE MEMBERS OF Opinion We have audited the financial staiemenis of Eaiing Beuer {tht 'charitable company,) for the year ended 30¢h June 2021 which comprise the Statement of Financial Auivities, the Balance Sheet and llotes to the financial stai¢ments, including summary Of significarti accounting policies. The financial reportin(F framework that has been applied in their preparation is applicable law and United Kingdom Accouniing Siandards (United Kintsdom Generally Accepted Accounting Practice). In OUT opinion the financial statements= give a true and fair vtew of the stste of the charithble compangs affairs as at 30th June 2021 and of its incoming resources and application of resources, including income and expenditure. for the )'ear then ended- have been properly prepared in xcordance with Unld Kinndotn Generall). Accepted Accounting Praciice- and have been prepared in accordance wilh the requirements of the Cotnpanies Act 2(X)6. Basis for opinion We conducted our audit in accordance with InteTnatithJal Stsndar(ts on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities und¢T those standards are further dcscribed in the Auditors. responsibiliiies for the audit of the fiDan¢ial statements section of our report. We are independeni of the charitable compaD)' in accordance with the ethical requiremenis th are relevant to our audii of the financial 5tate¥nent5 in the UL includints the FRC'S Ethical Standard. and we have fulfilled ollr other ethical responsibili(ies 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. Con£lu5ions relating to going nCern In auditing the fjnancial statements, we have concluded that the tsusfees. use of the going ¢on¢¢rn bosis of accounting in the prepaNion of the financial statements is appropriate. Based on the work we have perfotrned, we haye not identified anv material uncertainties relating io events or ¢onditions that. individually or collectively, tnay cast significan( doubl on the charirable companys ability to coniinue as a going concern for a ri(l of at least twelve months from when rhe financial sraiements are authorised for issue. Our responsibiliites and the responsibilities of th¢ trnstee5 with iespect io going c4)ncern are described in the relevant sections of this report. Other informgtioD The Trustees are responsible for the other inforn]ation. The other information comprise5 the inforniation included in the AÉ]nual RepotL Other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial 5tateTnent5 does noi cover the oiher inforniation and except to the extent otherwise expli¢itly siaied in our report. we do not express any forffl of assurance conclusion thereon. In connection with our audii of the rtnancial slaiements. our reswnsÈbility is to read the other inforniation and, in doinu so. consider whether the other information is Tnatertally inconsisieni Isith ihe financial sthtements or our knowledge obtained in the audit OF Otherwise appears to be materially mi5Stated. If we idenlifv such tnaierial inconsisiencies or apparent material misstatements, we are required to dettTmine whether this gives rise io a material missLqiement in the financial statetnents thernstlves. If. based on the work we have performed, we conclude there is a aterial misststement of this other it]foTmaiion, we are required io report that fact. We have nothing to report in this regard. Opinions on other matter5 prescribed by the CompaleS Act In our opinion. based on the work undertaken in the course of the audit.. the inforniation given in the Report of th¢ Trust¢es for the financial year for whith the fInancial statements are prepared is consistent with the financial siaiements: and Ihe Repirt of th¢ Trusiees has been prepared in accordance with applicable legal requirements. Page 8
REPORT OF THE INDEPEJ¥DENT AUDITORS TO THE MEMBERS OF EATING BETTER Matters OD which we are required to report by exeeption In the light of the knowledge and understanding of the charlb]e company and its envir()nment obtained in the course of the audit. we have not identified Tnaterial misstaiemenis in the Rewbn of the Tmsiees. We have nothing to report in respect of the followiT]g matters where the Companies Act 2006 requires us to report to you if. in our opinion.. adequate accounting records have not been kepl or rdurns adequate for OUT audit have not been received from branches not visited b). us- or the financial statetnent5 are noi in agreement M'Èth the actountit]g records and rdums- or certain disclosures of Trustees. remuneraiion specified bJ law are not made- or we have not received all the inforniation and explanaiions we require for our audit- or the Trustees were not entitled io take advant4oe of the small cornpanies exemption from the requirement to prepare a Strdtegic Report or in pr¢porin" - the R¢pon of the Twst¢¢s. Responsibilities of tnistees As explained more fully in the Statement of Trusttts. Responsibilities the Trustees (who are also the directors of the charitable compan) for the purwses of compony law) are responsible for the preparation of the financial statements and for being 5at15fied that they give a and fair view. and for such internal control as the trusiees deternjine is necessary to enable the preparation of financial siatements that are free from material Tnis5tateTnenL whether due io fraud or ernjr. In preparing the financial statements, The trusiees are responsible for assessing the charitable company's ability io Continue as a goin(T concern. disclosing, as applicable. maners related to uoinu concern and using ihe going concern basis of accounting unless the trusttts eithtr tntend to liquidate the charitable company or io cease operations, or have no realistic alteTnative bui to do so. Page 9
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF EATING BETTF.R Our respoNsibilRties for the audit of the financial 5taternents Our objectives are to obiain reasonable 35surance about w'hether the financial 5tsteTnents as a whole are free from material Tfiisstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance 15 a high leyel of assutance, but is not a uuardntee that an audit conducted in accordance with ISAS (UK) wÈll alway5 detect a tnaterial mi55tatement Thhen it exist5. Mi5Statements can arise from fraud or eor and are considered material if, individuall), or in the agwgate. thev could reasonably be expected to influence the econotnic decisions of users tsken on the basis of these financial sements. ItTegularities. including fra are instances of non-compliance 1th laws and regulations. We design procedures in line with our r¢sponsibilitie5, Outlined above, to det¢ct tnaterial mi5Staiement5 in respect of irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities. in¢luding fraud is de(ailed below-. We gain¢d an understanding of the legal and regulatory frarnework appliobl¢ to the charitable company and the industsy in which it operates, and ¢onsidered the risk of acts by the charitable Company that were contrary to applicable laws and regulaiions, including fraud. We identified the following laws and regulations are central io the charitsble company.. Companies Act 20(K16 Charities A¢t 2011 Charities SORP 2019 Health & safety regulations We did noi find any instances of non-compliance or breaches of the legislation ftalnework applicable to the charitable company. We designed audit procedures 10 rest4)nd io ihe risk, recognisin¢ that ihe risk of not detecting a material missratement due to fraud is higher ihan the risk of not de¢tIng one resulting fr(trm error. as fraud ma). involve deliberate concealment by. for example. forgery or inteniional misrepresentaiions. or through collusion. We identified thai the followÈng area8 were of hiJts risk= Cotnpletene5s of income. We Erformed various audit tests to ensure that income was not materially undetstated in the financial stateTnents. Management override of contro15. We performed various audit tests io ensure the was no material Tnanagemenl override of controls We focussed on laws and regulations H'hich could give rise to a material misststeTnent in the financial statements, including, but not limited to. the Compantes Act 2006, UK lax legislation. Charities Aci 2011 and Charities SORP 2019. Our tests included agreeing the financial statement disclosures to underl)ing supwrting documentstion. enquiries with Tnanaoement and enquiries of legal counsel when considered necessary. There ore inhereni limitstions in the audit procedure5 described above and, the funher removed non-compliance with laws and regulations is from the events and tttnsactions reflected in the financial ststements ihe less likel J we would coMe aM'are of li. We did noi Èdeniify any kev audit matters relating to irregularities, including frdud. As in all our audits: we also addressed the risk of management oveide of intemal controls. including testing journals and evaluating whether there was evidence of managetnent bias by the directors thai represented a risk of material misstsiemeni due to fraud_ A further description of our responsibilities for th¢ audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibiliiies. This descriptiOT] fornis part of our Report of the Independent Auditors. Page 10
REPORT OF THE If4DEPENDEf4T AUDITORS TO THE MEMBERS OF EATING BETTER Use of our report This report is made solely to the charitable company's membets. &$ a bodv. in atCOTdance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we rnight State to the charitable company's members those marters we are required to state to thern in an auditor5. report and for no other purpose. To the fullest extent petrnitted by law, we do not accept or assume responsibility to an)'one other than the charitable company and the charitable cornp3ny's members as a b(MJy. for our audit work, for this rewTL or for the opinions we have forn]ed. 4L4L J Thacker FCA DChA (Senior Statuiory Auditor) for and on behalf of Chariot House Limiied Chartered Accountants and Ststutory Auditor 44 Grand Parade Brighton East Sus5eX BN2 9QA Date.. Page 11
EATING BETTER STATEMENT OF FINANCIAL AcfIviTIES INCORPORATING AN ITr*COME AND EXPENDITURE ACCOUN POR THE YEAR ENDED 30TH JLNE 2021 2021 Total fimds 2020 Unre5trirted funds Unresrricted fvnd Restricted funds Noies INCOME AND ENDOWMENTS FROM Donations and legacies 110.000 86,200 196200 111.329 Charitable activitie5 Chariiable Activities 13,007 13,007 25.850 Total 123.(X)7 862lJO 209,207 137.179 EXPENDITURE ON Raising funds 6.720 1.4¢)0 8,120 Charitable #ettvities Charitable Activities 85.619 61.458 147,077 107,387 Tot31 92,339 62.858 155.197 107.387 NET INCOME 30.668 23.342 54.010 29.792 RECONCILIATION OF FUNDS Totsl funds brougbt forward 66.702 66,702 36,910 TOTAL FUNDS CARRIED FORWARD 97.370 23,342 120,712 66.702 The noies forn) w of these financial ststements Page 12
EATING BETTER EGISTERED NUMBER: 09772128 BALANCE SHEET 30TH JUNE 2021 2021 Tot#1 nds 2020 Unrestricted funds Unrestriaed fitnd Restricted funds Notes CURRENT ASSETS tkbtors Cash ai bank 1.694 129.•78 1.694 191,320 62,042 74,495 130.972 62.042 193,014 74,495 CREDITORS Amounts falling due withiTt one year (3),602) (38.7(M>) (72.302) (7,793) NET CURRENT ASSETS 97.i70 23.342 120.712 66.702 TOTAL ASSETS LESS CURRENr LIABILITIES 97,370 23,342 120,712 66.702 NET ASSETS 97.i70 2i.342 120,712 66.702 FUNDS Unrestritied funds Restricted funds 97,370 23,342 66,702 TOTAL FUNDS 120 712 66,702 These financial 5tat¢mcnls have been prepared in accordan with the provision5 applicable to ¢haritable companies subject to the small companies regime. The financial stateTnent5 were approv by the Board of Trnstees and authorised for issu¢ on ... and were signed on its behalf bv". vtL Ms McKenna- Chair of Tjustees The notes forni part of these financial statements Page 13
EATING BETTER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2021 ACCOUNTING POLICIES ofpreng the fin&n¢ial ststements The financial statements of the charitable company. which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102} 'A¢couniing and Reporting by Charities.. Statement of Recornmended Ptaciice applicable 10 charities preparing their accounts tn accordance with the Financial R¢porting Standard applicable in the UK and Republi¢ of Ireland {FRS 102} (effective l January 2019),, Finaneial Reporting Standard 102 'The Financial Reporting Standd applicable in the UK and Repllblic of Ireland, and the Companies Ad 2006. Th¢ financial statements have been prepared under the hillorical cost convention. The charity has prepared these accounts on a going concern basis. however there are material uncertainties in respect of COVID-19 and rnanagement have taken into consideration the existing and potential effects of coronavirus on the activities of the charity in the fuwre. Income All income 15 recoJu j5ed in the Statement of Financial Aciiviries once the charity has entitlemen( to the funds, it is probable that the income will be received and the amount tan be measured reliably. Expenditure Liabilities are recognised as expendiwre as won as there is a legal or constrnctive obligaiion committing the charity to that expenditure. It is probable that a transfer of economic benefits will be required in settlement and the amount of the oblioation can be measured reliably. Expendiiure is aCcoUnd for on an accruals basis and has been classified under headings aggregate all costs related to the category. Iwjere costs cannot be direcily attributed to particular headings they have been allocatrd to activities on a basis consistent with the use of resources. Taxatio The Charity is considered to pass the tests set out in PardJO aph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable compan). for UK Corpordtion pujposes. Accordingly the Charity IS potentially exempt from thxation in respect of income or capithl gains received within categories covered by Chapter 3 Part I I CoTroratioR Tax Att 2010 or Section 256 of the Taxation of Charoeable Gains Act 1992, to the extent that such income or gains are applied exclusively io chaTitable TM]rwses. Fund accounting Unrestricted funds can be used in accordance with the charithle objectives at the discretion of the trustees. R¢stricted funds can only be used for particular restricted purtK>5es within the objects of the chartty. Restrictions arise when specified by the donor 01 when funds ate raised for particular restricted purpose%. FurtheT explanation of the nature and PUTw>se of edch fund is included in the notes io the financial ststements. Ptn$ioR costs and other post-retiremtttt better The charitable cotnpany operate5 a defined contribution pension scheme. Contributions payable to the charitabl¢ compan> 5 pension schetne ate chat(Fed io the Ststement of Financial Activities in the period to which they relate. Page 14 con(iThued...
EATING BETTER P40TES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30TH JUNE 2021 DONATIONS AND LEGACIES 2021 2020 Grants 196.200 Grants received. included in the aboye. are follow5= 2021 2020 E5Tnee Fairbaim Foundation Oak Foundation- Less and Better Animal Production Farniing the Future - Engaging Local Authorilies on Less •]d Better 110,000 71.5(K) 14.7(M) 111,329 196,200 111,J29 NET INCOMEI(EXPENDrruRE) Net incomcl{expeTrdithre) is stated after chargingl(crediting}= 2021 2020 Independent Examinaiion Audsl 1,020 TRUSTEES, REMUNERATION AND BENEFITS Ther¢ '¢re no Trustees, reTnunerdtion or other benefft5 for the year ended 30th June 2021 nor for the year ended 30th June 2020. Trustees, expenses There were no Trnstees. expenses paid for the year ended 30th June 2021 nor for the year ended 30th June 2020. STAFF COSTS 2021 2020 Wages and salaries Social security cos15 Other pension costs 89,061 6,808 3.183 78,432 4.314 1.777 99,052 84,523 Key MaTragernent remuneration aoUnted to £52.326 (2020- £41251). Pdge 15 continued...
EATING BETTER NOTES TO THE FJf4ANCIAL STATEMENTS- £ontinued FOR THE YEAR ENDED 30TH JUNE 2021 STAFF COSTS- continued The averdge monthly number of employee5 during the year was a5 follows= 2021 2020 Total No employees received emoluments in excess of £60.INJO. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Trade debtors Other debtor5 1,000 694 1.694 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Trade creditors Social security and other taxes Other crediiors Accruals and deferred income 17,556 741 372 5.659 ,021 383 54.363 72.i02 MOVEMENT IN FUNDS Net movement in funds At 3016121 At In120 Unrestrleted funds General fund 66.702 30,668 97.370 Restricted funds Oak Foundation 23,342 23.342 TOTAL FUNDS 66.702 54,010 120 712 Page 16 continued...
EATING BETTER NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30TH JUNE 2021 MOVEMEwf IN FUNDS- Continued Net moveTnent in fimds, included in the above are as follow5: Incomin resources Resources expended Movement in funds Unrestrieted funds General fund 123,007 (92,339) 30,668 Restricted lunds Oak Foundation Famiing the Future 71.500 14.7 (48.158} 14.700) 23,342 86,200 62,858) TOTAL FUNDS 209.207 155,197 CotNparatives for tThovemellt its fuThds Net movement in funds At 3016120 At In119 Unrestricted fuftds General fund 36.910 29.792 66.702 TOTAL FUNDS 36,910 29,792 66,702 Comparative net TnoveTnent in nds, included in the above are as follows= Incoming resources Resources expended Movement in funds Unrestricted funds General fund 137.179 (107,387) 29,792 TOTAL FUNDS 137,179 107.387) 29.792 Page 17 continued...
EATING BETTER NOTES TO THE FINANCIAL STATEMENTS- contiTrued FOR THE YEAR ENDED 30TH JUP4E 2021 RELATED PARTY DISCLOSURES There were no related paty transactions for the y.ear ended 3(hh June 2021. Page 18