2023-03-31-accounts

Charity registration number 1175755

FEEDING COVENTRY CIO

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FEEDING COVENTRY CIO

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Cllr Faye Abbott Dr Lopamudra Saxena Marianne Taviner Anna Cuskin Tessa Piper (Appointed 7 April 2022) Keith Cooper (Appointed 7 April 2022)

Charity number 1175755 Principal address Foleshill Community Centre 757 Foleshill Road Coventry CV6 5HS Independent examiner Amanda Asbury FCCA 16 Emily Allen Road Whitmore Park Coventry CV6 2PN

FEEDING COVENTRY CIO

CONTENTS

	Page
Trustees report	1 - 3
Statement of Trustees responsibilities	4
Trustees declaration	5
Independent examiner's report	6
Statement of financial activities	7
Balance sheet	8
Statement of cash flows	9
Notes to the financial statements	10 - 24

FEEDING COVENTRY CIO

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their annual report and financial statements for the year ended 31 March 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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).

Objectives and activities

The principal activity of the charity is to provide relief to people in need in Coventry and Warwickshire, specifically providing new and alternative ways to support people with the complex issues behind their reasons for experiencing hardship. Most importantly we provide tailored support and opportunities to our members to improve their lives through accessing the social supermarket and community hub. We want our beneficiaries to feel empowered and benefit from life changing support by accessing our services and community centre..

The Charity continues to participate in and support City wide schemes that provide food and support for people and families across the City experiencing deprivation. Our work at Foleshill Community Centre providing intensive life changing support for people in the most deprived of the city has become the focus for Feeding Coventry’s and sits at the core of Feeding Coventry’s work.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

During the year the charity continued with the renovation of the community centre facility in Foleshill using significant funding raised from a grant funding programme enabling the community centre, which is in the most deprived area of Coventry, to become a thriving community hub through the creation of a new café area, kitchen and office space. The renovation programme continues as we are progressing plans for a training kitchen, entrance and sports hall upgrade. We have continued with our strategic vision and now run a full programme of projects that alleviate food poverty, provide holistic support and have an enormous social impact on the most vulnerable people and families in our city.

We run a Social Supermarket that offers members a bag of healthy, nutritious fresh food along with store cupboard essentials for a small membership cost. Besides offering a dignified shopping experience, we support members holistically by connecting them to job, administrative and family support services, and through opportunities to engage in health and wellbeing activities. Our established community growing group connects people to their peers, stimulates social interaction, and provides opportunities for intergenerational and cross-cultural connections. We are now feeding and actively supporting between 300-400 people a week. Feeding Coventry are a strategic partner of Coventry City Council delivering Holidays Activities and Food (HAF) programmes for children who receive benefits related free school meals during the school holidays, funded by the Education and Skills Funding Agency. These programmes primarily engage and benefit local children and families from vulnerable and underprivileged backgrounds. Many of these families have now become fully-fledged members of our enriching community life.

With our onsite support workers, advice services and volunteers, we encourage long-term relationships with our users to support their journey to resilience and develop positive coping strategies for periods of crisis. We have a partnership with Coventry Independent Advice Services (CIAS) and host a qualified worker onsite who can help users navigate the difficulties of benefits and housing issues as well as understand their overall financial situation. Last year through our income maximisation programme working together with CIAS on the Pathway’s from Poverty Project we generated savings for our members totalling £185,000.

The charity continues to support the Council’s Household Support Scheme by distributing emergency food parcels to those experiencing extreme hardship. The administration of the scheme is now managed by Coventry Food Network alongside the Bare Necessities project that provides non-food items such as cleaning products, toiletries and sanitary products across the whole of Coventry. Feeding Coventry concentrate on providing a variety of support to improve lives and opportunities for everyone who visits our community centre

• 1 -

FEEDING COVENTRY CIO

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

We have continued to expand the operations and now the staffing team includes a Volunteer Coordinator to support a large volunteer team, 2 Support Workers, HAF Coordinator and an Apprentice all managed by the Chief Executive Officer. Many of our volunteers are also members of the social supermarket which supports our ethos and vision of creating a community where people can actively learn new skills and work in partnership with us to improve their lives. We have been able to continue to offer short-term employment opportunities to volunteers/members of the community to help design and run our creative and HAF programmes and both they and us have benefitted hugely from these engagements.

Financial review

Risk Policy

The trustees have identified the risks that might affect the charity and review the charity’s policies and procedures regularly to minimise the risks identified.

Reserves Policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Structure, governance and management

The charity is a charitable incorporated organisation, registered with the Charity Commission on 16[th] November, 2017.

The trustees who served during the year and up to the date of signature of the financial statements were: Cllr Faye Abbott

Cllr Faye Abbott
Dr Lopamudra Saxena
Dr Chiara Tornaghi	(Resigned 1 April 2022)
Marianne Taviner
Anna Cuskin
Tessa Piper	(Appointed 7 April 2022)
Keith Cooper	(Appointed 7 April 2022)

Feeding Coventry follow our Trustee Recruitment Policy to appoint new trustees in accordance with our governing document (the constitution). Whenever a trustee leaves a skills audit of the board will take place to ensure a suitable replacement is found, taking note of the skills or experiences lost by the departure. Consideration is also given to any specific roles or duties that the individual leaving the board was undertaking.

Once the ideal skill/experience profile has been identified a recruitment plan will be formulated. This will identify advertisement channels and person specifications. Suitable applicants will be invited to attend meetings as an observer before appointment will be considered. The applicant will be asked to declare any conflicts of interest and will be required to provide two references which will be taken up prior to the next board meeting.

A vote will then be taken by existing trustees in accordance with the constitution. If approved, the new trustee will assume responsibilities from the date of the next trustee meeting.

Before accepting appointment, applicants will be provided with a copy of the latest accounts of the charity; Charity Commission Publication CC3- ‘Responsibilities of Charity Trustees’; a copy of the charity’s governing document; a copy of the minutes of the last three board meetings (edited to conform with the principles of data protection if necessary); relevant policies including those regarding equal opportunities and conflicts of interest; a copy of this policy.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

• 2 -

FEEDING COVENTRY CIO TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The Tnjstees report was apprO￿d by thè Board of Trnstees. Cllr Faye Abbott Trustee Datè.. Oct 12, 2023

FEEDING COVENTRY CIO

STATEMENT OF TRUSTEES RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2023

The trustees are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

• 4 -

FEEDING COVENTRY CIO TRUSTEES DECLARATION ON UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 In relalK)n to the finan¢tal slalemenis which comprise the slatemenl of financial actnrities. Ihe balance sheet. the Statement of cash ftows and the reLiled notes.. The trustees approve these finanrial 5tatemen15 and wnfim that thèy are responsible for them. induding selecting the appropriate accounting policjes. app￿"ng Ihem consistenvy and making, on a reasonable and pnjdent basis. the judgments undertying them. They have been prepared on thè going C￿ncern basis on the grounds that the charity will continue in operation. The tru5tÈÈ5 confirm that thèy have made available all the charity's accounting records and provided all the informalion necessary for the compilation of the finanryal statements. The trustees confiTrr Ihal to the best of their thowied9è and belief, the accountsng records reflect all transactions ofthe c*arity for the year ended 31 March 2￿23. On behaff of the board Cllr Faye Abbott Direetor Oct 12, 2023

FEEDING COVENTRY CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FEEDING COVENTRY CIO I report to the tnjstees on my exarninat￿n ol the ffinanaal statements of Feeding Cov•nty CIO Ithe ¢harityl for the year endad 31 Marth 2023. Responsibilities and basis of report As the ttustees of the charty you are responsible for the prèpaFats"on of the finanoal statements in aw)rdance with the raquirèmènts of the Charitie5 Act 2011 (the 2011 Acll. ￿port in respect of my examination of the chall￿5 finarb￿ staternents carr￿d out under secaion 145 of the 2011 Act. In carying out my examination I have followed all the applicable Direclion5 given by the Charity Commission under section 145lSllbl of the 2011 Acl. Independent examln•fs stat•ment Since the charity's gross income exceed8d £250.0￿1 your examiner must be a mem1￿1 of a body li51ed in section 145 of the 2011 Act. I confim that l am qualrfted to undertake the examinab.on be￿￿Se l am a member of ACCA, whKh is one of the14Sted bodies. Your attention is drawn to the fact that the charrty has prepa¥ed finanThal statements in accordance wrth Accounting and Reporting by Charities preparing their accounts in accordance wth the Finanoal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) in prefeiencè to the Accounbng and Reporting by Charities." Slalernent of Recommended Piactice issyed on l April 2005 whith is ieferred to in Ihe extant regulats.ons bul has now been withdrawn. l understand that this has b88n donè in ordw foi finanoal $tstements to provide a tw8 and faif wÈw in 8¢¢0rdan(* with GenerallyAcceptedAccounting PraclKe eff8th for repo￿.￿9 periods beginning on or after 1 January 2015. I have complèted my examinalion. I tonfim that no matters have rA)me to my attention in erjnnection with the examination giving me cause to believe that ￿ any material respect.. accounting record5 were not kept in ￿SPecI of the charity as required by seclion 130 of the 2011 Act., or the finaniaal 51alemenls do not accofd with those records.. or the finanual stalernenls do not compty with the applicable requirements concerning the form and content of a¢coun15 Set out in the Charitie5 IAcYounts and Report51 Regulatsons 2008 other than any requirement thal the accounts gi￿ a true and tsir vivw wth'ch 15 r￿t a matter considered as part of an independent exarnination. I have no concems and have come across no other matters in conneclion with the examination to which attention should be drawn in this report in order to enth a Proper underslanding of the firsancaal statements to be reached. AmandaA$bury FCCA 16 Emity Allen Road Whitrnore Park Coventry CV62PN Oct 12, 2023

FEEDING COVENTRY CIO

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted Restricted funds funds 2023 2023 Notes £ £ Income and endowments from: Donations and legacies 3 208,810 517,302 Other trading activities 4 17,215 139 Other income 5 926 338 Total income 226,951 517,779 Expenditure on: Raising funds 6 2,328 2,886 Charitable activities 7 148,982 394,508 Total expenditure 151,310 397,394 Net incoming/(outgoing) resources before transfers 75,641 120,385 Gross transfers between funds 11,865 (11,865) Net income/(expenditure) for the year/ Net movement in funds 87,506 108,520 Fund balances at 1 April 2022 51,880 129,239 Fund balances at 31 March 2023 139,386 237,759	Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 726,112 12,855 397,641 17,354 - 20,349 1,264 479 3,324 744,730 13,334 421,314 5,214 - 1,800 543,490 28,366 484,424 548,704 28,366 486,224 196,026 (15,032) (64,910) - 3,895 (3,895) 196,026 (11,137) (68,805) 181,119 63,017 198,044 377,145 51,880 129,239	Total 2022 £ 410,496 20,349 3,803 434,648 1,800 512,790 514,590 (79,942) - (79,942) 261,061 181,119
Donations and legacies 3 Other trading activities 4 Other income 5 Total income Expenditure on: Raising funds 6 Charitable activities 7 Total expenditure Net incoming/(outgoing) resources before transfers Gross transfers between funds Net income/(expenditure) for the year/ Net movement in funds Fund balances at 1 April 2022 Fund balances at 31 March 2023

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

• 7 -

FEEDING COVENTRY CIO BALANCE SHEET AS AT31 MARCH 2023 2023 2022 Not•s Flxtd a$$ets Tangible asse15 13 91.768 29,438 Current assets Debtors Cash al bank and rn hand 14 35.344 294.%3 12,994 169,592 330,307 182.586 CreditorB: amounts falling due within one yèar 15 {44.930) {30.905} Net current assets 285.377 151.681 Total assets les3 current liabilitie¥ 377,145 181,119 Incom• funds Restricted fund5 Unrestricted funds 237.759 139.386 129.239 51,880 377.145 181,119 The fjnanual statements were approved by the Tru5tee5 On . Oct 12, 2023 Cllr Faye Abbott Tnmtte

FEEDING COVENTRY CIO

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023

Notes Cash flows from operating activities Cash generated from/(absorbed by) operations Investing activities Purchase of tangible fixed assets Net cash used in investing activities Net cash used in financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year	2023 £ (93,470)	£ 218,840 (93,470) - 125,370 169,593 294,963	2022 £ (3,003)	£ (48,201) (3,003) - (51,204) 220,796 169,592

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FEEDING COVENTRY CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

Charity information

Feeding Coventry is a Charitable Incorporated Organisation (CIO), registered in England and Wales. The principle address is Foleshill Community Centre, 757 Foleshill Road, Coventry, CV6 5HS.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

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

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

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FEEDING COVENTRY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

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.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements	5 years straight line
Fixtures and fittings	5 years straight line
Computer equipment	2 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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FEEDING COVENTRY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13 Government Grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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FEEDING COVENTRY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

3 Donations and legacies

Unrestricted Restricted funds funds 2023 2023 £ £ Donations and gifts 64,710 30,057 Grants received 114,752 487,245 Room Hire 29,348 - 208,810 517,302 Donations and gifts Donations 64,710 14,253 Bare Necessities Parcels - 9,597 Christmas Hampers - 187 Creative Wellbeing - 6,020 64,710 30,057 Grants receivable for core activities Household support scheme 47,667 157,281 Apprenticeship grant 1,085 - Employment allowance 5,000 - Grants for food 12,500 44,767 Grants for salaries 45,000 - Grants for activities 3,500 74,179 Bare necessities - 2,000 Capital building project - 120,740 HAF Grants - 58,278 Heart of England - 30,000 114,752 487,245	Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 94,767 - 15,331 601,997 12,000 361,032 29,348 855 21,278 726,112 12,855 397,641 78,963 - 7,918 9,597 - 5,174 187 - 939 6,020 - 1,300 94,767 - 15,331 204,948 - 190,173 1,085 - 12,254 5,000 - 4,000 57,267 - - 45,000 - - 77,679 12,000 52,125 2,000 - 2,228 120,740 - - 58,278 - 86,082 30,000 - 14,170 601,997 12,000 361,032	Total 2022 £ 15,331 373,032 22,133
		410,496
		7,918 5,174 939 1,300
		15,331
		190,173 12,254 4,000 - - 64,125 2,228 - 86,082 14,170
		373,032

4 Other trading activities

	Unrestricted	Restricted	Total	Restricted
	funds	funds		funds
	2023	2023	2023	2022
	£	£	£	£
Supermarket Income	17,215	139	17,354	20,349

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FEEDING COVENTRY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

5 Other income

	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	2023	2023	2023	2022	2022	2022
	£	£	£	£	£	£
Other income	926	338	1,264	479	3,324	3,803

Other income consists of £338 for the Strike a Light final overheads, £526 for cleaning fees and £400 for food costs.

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FEEDING COVENTRY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

6 Raising funds

Unrestricted Restricted funds funds 2023 2023 £ £ Fundraising and publicity Other fundraising costs 2,328 2,886 2,328 2,886	Total Restricted funds 2023 2022 £ £ 5,214 1,800 5,214 1,800	Total Restricted funds 2023 2022 £ £ 5,214 1,800 5,214 1,800
		1,800

Other fundraising costs include professional writing for grants.

7 Charitable activities

	Community	Community
	Centre	Centre
	2023	2022
	£	£
Staff costs	154,218	106,001
Depreciation and impairment	31,139	12,368
Food	54,363	79,321
Equipment	14,781	30,693
Gas, electricity & water	17,205	15,013
Insurance	760	3,941
Maintenance costs	28,690	30,290
Office administration	2,428	2,330
Legal and professional	75,926	48,731
Bank charges	465	452
Sundries	22,014	12,247
Motor & travel expenses	6,274	2,955
Packaging & delivery	133	1,729
	408,396	346,071
Grant funding of activities (see note 8)	134,844	166,419
Share of governance costs (see note 9)	250	300
	543,490	512,790
Analysis by fund
Unrestricted funds	148,982	28,366
Restricted funds	394,508	484,424
	543,490	512,790

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FEEDING COVENTRY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

8 Grants & donations paid

	Community	Community
	Centre	Centre
	2023	2022
	£	£
Henley Green Community Trust	17,208	46,733
St Francis of Assisi Church	11,145	6,343
Stoke Aldermoor Life Centre	8,412	8,092
Willenhall Community Centre	5,603	6,040
Cheylesmore Community Centre	9,693	14,896
Canley Community Centre	13,365	29,400
Feed the Hungry	31,961	10,760
Carriers of Hope	-	14,317
Kairos Women Working Together	-	840
Stoke Heath Community Centre	5,953	18,066
Moat House Community Trust	2,000	4,543
Coventry City Council	-	5,318
Coventry Cyrenains	-	400
Ayriss Recovery	-	393
Coventry Central Seventh Day Adventist Social Supermarket	2,000	-
Culture Coventry Trust	3,200	-
Foleshill Community Centre Environment	10,750	-
Holbrooks Community Care Association	2,000	-
Tile Hill Community Partnership	2,050	-
Willenhall Food Hub	2,925	-
	128,264	166,141
Donations	6,580	278
	134,844	166,419

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FEEDING COVENTRY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

9 Support costs

Support costs
Support costs Governance costs £ £ Independent examination - 250 - 250 Analysed between Charitable activities - 250	2023Support £ 250 250 250	costs Governance costs £ £ - 300 - 300 - 300	2022 £ 300
			300
			300

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FEEDING COVENTRY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

Payments of £4,300 (2022 £2,435) were made to Vortex Creates Limited, which is a company Marianne Taviner owns 50% of the issued capital. This was for support with decoration and Covid-19 equipment. At the balance sheet date the amount due to/from Vortex Creates Limited was £Nil (2022 £Nil).

Faye Abbott is a Coventry City Councillor. The charity received a number of grants from Coventry City Council in the year which total £304,634 (2022 £200,338). She is also a self-employed contractor for Feed the Hungry. The charity made a grant to Feed the Hungry of £31,961 in the year (2022 £10,760).

11 Employees

The average monthly number of employees during the year was:

Administration Social Supermarket Total Employment costs Wages and salaries Social security costs Other pension costs	2023 Number 1 12 13 2023 £ 142,615 10,283 1,320 154,218	2022 Number 1 9
		10
		2022 £ 99,568 5,637 796
		106,001

The key management personnel of the charity comprise the trustees and the operation manager. The total remuneration of key management personnel during the year was £45,503 (2022: £36,854).

There were no employees whose annual remuneration was more than £60,000.

12 Taxation

The charity is a registered charity and is therefore exempt from taxation.

• 18 -

FEEDING COVENTRY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

13 Tangible fixed assets Leasehold improvements Fixtures and fittings Computer equipment £ £ £ Cost At 1 April 2022 10,477 45,093 3,255 Additions 91,751 - 1,719 Disposals - - (1,625) At 31 March 2023 102,228 45,093 3,349 Depreciation and impairment At 1 April 2022 4,191 22,758 2,440 Depreciation charged in the year 20,445 9,019 1,674 Eliminated in respect of disposals - - (1,625) At 31 March 2023 24,636 31,777 2,489 Carrying amount At 31 March 2023 77,592 13,316 860 At 31 March 2022 6,287 22,335 816 14 Debtors 2023 Amounts falling due within one year: £ Trade debtors 33,151 Other debtors 2,193 35,344 15 Creditors: amounts falling due within one year 2023 £ Trade creditors 44,230 Other creditors - Accruals and deferred income 700 44,930

Total £ 58,825 93,470 (1,625) 150,670 29,389 31,138 (1,625) 58,902 91,768 29,438 2022 £ 3,459 9,535 12,994 2022 £ 30,026 179 700 30,905

16 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £1,320 (2022 - £796).

• 19 -

FEEDING COVENTRY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

17 Analysis of net assets between funds Unrestricted funds Restricted funds 2023 2023 £ £ Fund balances at 31 March 2023 are represented by: Tangible assets 91,768 - Current assets/(liabilities) 47,618 237,759 139,386 237,759	Total Unrestricted funds Restricted funds 2023 2022 2022 £ £ £ 91,768 29,438 - 285,377 22,442 129,239 377,145 51,880 129,239	Total 2022 £ 29,438 151,681
		181,119

18 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

• 20 -

FEEDING COVENTRY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

19 Restricted Funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Bare Necessities Capital Building Project CC Winter Grant Scheme Change into Action Change into Action - Cost of Living Christmas HAF Cosy Creative Coventry Activation Coventry City Council Armed Forces Projects Coventry Food Network Covid-19 Coventry City Council Covid-19 Other Sources Creative Wellbeing Digbeth Dinning Club Easter HAF FCC-Christmas Hampers Foleshill Community Centre Balance carried forward	Balance of 1st April 2021 £ 6,099 - 22,502 14,955 - - - - 1,797 3,712 254 32,826 398 23,049 - 83 82,362	Income Resources £ 7,413 - 190,172 10,166 - 21,352 - - - 1,420 - - 12,547 - 20,969 3,050 71,997	Resources Expended £ (10,667) - (154,941) (8,890) - (20,684) - - - (4,624) - (10,806) (2,259) (3,000) (2,553) (1,623) (209,874) (429,921)	Transfers £ 20,702 - (56,937) - - (668) - - - - (254) (22,020) (6,661) - - - 69,295 3,457	Balance of 1st April 2022 £ 23,547 - 796 16,231 - - - - 1,797 508 - - 4,025 20,049 18,416 1,510 13,780 100,658	Income Resources £ 35,753 134,798 115,979 13,528 20,000 - 8,350 2,944 - 1,889 - - 10,895 - 989 756 - 345,881	Resources Expended £ (17,586) (21,164) (104,764) (3,769) (2,726) - (8,350) - (133) - - - (10,203) (10,559) (19,404) (1,176) (1,915)	Transfer to Fixed Assets £ - (91,751) - - - - - - - - - - - - - - -	Transfers £ - - - - - - - - - - - - - - - - (11,865)	Balance of 31st March 2023 £ 41,714 21,882 12,011 25,989 17,274 - - 2,944 1,664 2,397 - - 4,716 9,490 - 1,090 -
	188,037	339,086					(201,751)	(91,751)	(11,865)	141,172

• 21 -

FEEDING COVENTRY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

19 Restricted Funds (continued)

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Balance brought forward Festive HAF 2022 Foleshill Food Foleshill Garden Project Foleshill Support Work Food Power HAF Programmes Lottery Awards Martin Lewis Shielding 2 Strike a Light Summer HAF 2022 Tales of Coventry Tables Warm Hub WMCA - Greener Futures Grant	Balance of 1st April 2021 £ 188,037 - - 4,420 - 5,347 - - - - - - 239 - -	Income Resources £ 339,086 - - 11,942 - - 43,177 - - - 27,110 - - - -	Resources Expended £ (429,921) - - (6,222) - (6,919) (33,122) - - (12,264) (10,040) - - - - (498,488)	Transfers £ 3,457 - - - - 1,572 (4,800) - - - (3,884) - - 239 - - (3,894)	Balance of 1st April 2022 £ 100,658 - - 10,140 - - 5,255 - - - 13,186 - - - - 129,239	Income Resources £ 345,881 9,303 44,767 515 27,000 - - 9,998 7,400 - 6,338 40,078 - 3,000 23,500 517,779	Resources Expended £ (201,751) (9,303) (21,873) (3,625) (30) - (5,255) - - - (13,186) (40,078) - (3,000) (7,542)	Transfer to Fixed Assets £ (91,751) - - - - - - - - - - - - - -	Transfers £ (11,865) - - - - - - - - - - - - - -	Balance of 31st March 2023 £ 141,172 - 22,894 7,029 26,970 - - 9,998 7,400 - 6,338 - - - 15,958
	198,043	421,314					(305,643)	(91,751)	(11,865)	237,759

• 22 -

FEEDING COVENTRY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

19 Restricted Funds (continued)

Details of the Restricted funds in the year were:-

• Bare Necessities – Funding to provide essential non-food items such as sanitary products and baby care packages across Coventry.

• Capital Building Project - Funding to upgrade Foleshill Community Centre building

• CC Winter Grant Scheme – Administration of Coventry City Councils Community Support Grant scheme providing food packages across the City.

• Change in Action - provides support for homeless people in the City of Coventry.

• Change into Action Cost of Living - Funding provided to provide extra support with food and fuel to vulnerable people during the cost of living crisis

• Christmas HAF, Easter HAF and HAF Programmes - Council funding to provide a school holiday food and activity programme for children in receipt of free school meals.

• Cosy Creative - City of Culture funding to run a 2 weeks creative programme in January providing a warm and welcoming space, food and activities

• Coventry Activation - Coventry Sports Foundation funding to provide an active programme for people over the age of 50

• Coventry City Council Armed Forces Project – Funds being held for the Council to support ex-service personnel

• Coventry Food Network – Funding to be used to support all of the food hubs across the City.

• Covid-19 Coventry City Council and Covid-19 Other Sources – Covid-19 food grants are funds received to purchase food to support families crisis during the pandemic.

• Creative Wellbeing – Funding provided specifically for wellbeing activities such as cooking classes, cinema and a wellbeing programme of activities.

• Digbeth Dining – Funding raised to run food events for children on Free School Meals.

• Christmas Hampers/Tales of Coventry Tables – Funding to provide Christmas Hampers to members of the community centre.

• Foleshill Community Centre is a community centre in Foleshill which Feeding Coventry has developed into a community supermarket café and hub for the benefit of local people.

• Festive HAF - Council funding to provide a school holiday food and activity programme for children in receipt of free school meals.

• 23 -

FEEDING COVENTRY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

19 Restricted Funds (continued)

• Foleshill Food - Funding allocated to purchasing essential food items for Foleshill Social Supermarket.

• Foleshill Garden Project - The Community Growing Project is a fund which encourages the use of community growing spaces.

• Foleshill Support Work - Funding received from Cadent Gas for support worker salaries.

• Food Power and Shielding 2 - Covid-19 food grants are funds received to purchase food to support families in crisis during the pandemic.

• Lottery Awards - Funding towards support work, volunteer training, volunteer coordination and utilities.

• Strike a Light - A grant to present themes around how food poverty and access to food affects real lives of the people in Coventry.

• Martin Lewis - Funding towards support work and staff and volunteer financial advice training

• Summer HAF 2022 - Council funding to provide a school holiday food and activity programme for children in receipt of free school meals

• Warm Hub - Coventry Building Society funding to provide a warm space and feed the community from January to March

• WMCA Greener Futures Grant - To create 3 new community garden spaces across the City in deprived areas where people do not have access to green spaces

• 24 -