**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 apprOd 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 Cncern 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 223.
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 exarninatn 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 chall5 finarb staternents carrd 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 £250.01 your examiner must be a mem11 of a body li51ed in section
145 of the 2011 Act. I confim that l am qualrfted to undertake the examinab.on beSe 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 $tstements to provide a tw8 and faif wÈw in 8¢¢0rdan(*
with GenerallyAcceptedAccounting PraclKe eff8th for repo.9 periods beginning on or after 1 January 2015.
I have complèted my examinalion. I tonfim that no matters have rA)me to my attention in erjnnection with the
examination giving me cause to believe that any material respect..
accounting record5 were not kept in SPecI of the charity as required by seclion 130 of the 2011 Act., or
the finaniaal 51alemenls do not accofd with those records.. or
the finanual stalernenls do not compty with the applicable requirements concerning the form and content of
a¢coun15 Set out in the Charitie5 IAcYounts and Report51 Regulatsons 2008 other than any requirement thal the
accounts gi a true and tsir vivw wth'ch 15 rt a matter considered as part of an independent exarnination.
I have no concems and have come across no other matters in conneclion with the examination to which attention
should be drawn in this report in order to enth a Proper underslanding of the firsancaal statements to be reached.
AmandaA$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|
|---|---|---|---|---|
- 9 -
## **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.
- 10 -
## **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.
- 11 -
## **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.
- 12 -
## **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|
- 13 -
## **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.
- 14 -
## **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|
- 15 -
## **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|
- 16 -
## **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|**2023**Support
**£**
250
250
250|costs Governance
costs
£
£
-
300
-
300
-
300|2022
£
300|
||||300|
||||300|
- 17 -
## **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 -