Charity registration number 1175755 FEEDING COVENTRY CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FEEDING COVENTRY CIO CONTENTS Page Tiuslees report Slalement of Trustees responsibilities Truslees declaration Independent examiner's report Statèmént of financial activities Balance sheet Notes to the financial statements 9-19
FEEDING COVENTRY CIO LEGAL AND ADMINISTRATIVE INFORMATION Trustees Cllr FayeAbbott Dr Lopatnudra Saxena Maiiafine Taviriei Anna Cuskin- Vice Chair James Rose- Chair (Appointed 28 April 20231 Charity number 1175755 Principal address Foleshill Community Centre 757 Foleshill Road Coventry CV6 5HS Indèpèndent examiner AmandaAsbury FCCA 16 Emily Allen Road Whilmore Park Coventry CV6 2PN
FEEDING COVENTRY CIO TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The tiuslees present their annual rèptsrt anLf financial statements for the year ended 31 March 2024. The financi31 stalÈmenls have been prepared in accordance with the accounting poliaes set out it? note 7 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and 'A¢vlIng and Reporting by ChaFlties Slalemenl ol Rècommended Piaclice applicable lo charities preparing thèir awounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" (effective 1 January 20191. Objectives and activltles The principal activity ol the charity is lo provide relief to people in need in Covenlry and WanMi¢kshiie specifically providing new and allernalive ways to support people with the complex issues behind their ieasons for experiencing hardship. Most importantly we provide tailoied support and opportunities lo our members to improve their lives through accessing the Social supermarket 8nd community hub. We want our beneficiaries lo feel empoweied and benefit from life changing support by accessing our services and comfflunity cenlre. The Charity continues lo partiupale in and support City wide schernes that provide food and support for people and families acr055 the City experienang deprivation. Our work at Foleshill Community Centre providing intensive life changing support lor people im the most deprived of the city has become the focus for Feeding Coventry's and 5115 al the core of Feeding Covenlry's work. The Iruslees have paid due iegard to guidance issued by the Chaiity Commission in deciding what activities the charity should undertake. Achievements and perfomiance Dunng the year the charity continued with the renovation of the community centre facility in Foleshill, further transforming this Important commLJnity asset lor the people ol Foleshill. The ienovalion programrre continues and we have cornpleted the installation of a commercial kitchen. We have raised significant ILJnd5 working in partnership with Sport England lo upgrade the sports hall facility. Vve have continued with our strategic vi510n and now lun a full programme ol prOjeS that alleviate food poverty. provide holistic support and have an enormous social impact on the most vulnerable people and families in our city. We have been sucSsful in securing a 3 year reaching communities lottery grant that focuses on growing and iestructuring the operational team and enhancing our support work and volunteering programme. This revised sIFueture is enabling th& CEO and Board ol Trustees lo focus on the suslainability and development of the centre. The Social Supermarket conlinLJes lo be an importani part ol the service we offer to Ihe ¢omrnunity, pioviding members a bag ol healthy, nutritlOU5 fresh food along with store eupboard es5enlials foi 3 small membership cost. Besides offering a dignified shopping experience, we support members holistically by connecting them lo support services. and through opportunities to engage in health and wellbeing activities. Our established community growing gFOUP connects people to their peers, stimulates social Inteiaclion. and piovides opportunities for intergenerational and cross-culiural connections. We are now feeding and actively supporting befvrfeen 300400 people a week. Feeding Coventry have ¢ontinued lo develop our Holidays Activities and Food IHAFI programme in partnership with Coventry City Council for children who receive benefits related free school meals during the school holidays, ftjnded by thè Educatioll and Skills Funding Agency. The programme has developed lo offer a specific SEN provision alongside concenlraling on engaging rnore teens alongside prirnary school aged children. hAany of these families have now become fully-fledged members ol our enriching community life.
FEEDING COVENTRY CIO TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 With our onsite support workers. advice seivice5 and volunteers. we encourage long-lerm relationships with our users to support their journey lo resilience and develop positive coping strategies lor periods of crisis. We have continued our partnership with Coventry Independent Advice Services ICIASI 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. The charity continues to support the Council's Household Support Scheme by distributing etneigency food paice15 to those experiencing extreme hardship. Feedirig Goventry concentrate on providing a variety ol support to improve lives and opportunities for everyone who wsi15 our community centre. Financial review Risk Policy The trustees have identified the risks th81 might affect the charity and review the eharily's policies and procedures regularly lo minimise Ihe risks idenlilied. Reseryes Policy It is the policy of the ch8rily Ihal unieslricted funds which have not been designated for a specific use should be maintained at a level equivalenl to between three and six month's expenditure. The trustees con5idei that reserves al this level will ensure that, in the event ol a significant drop in funding. they will be able to continue the charity's current activities while consideration is given lo ways in which additional funds may be raised. Thi5 level ol resetve5 has been maintained throughout the year. Structure, governance and management The chaiity Ls a charitable Incorporated organisation, registered with the Charity Commission on 16m NoveFnber, 2017. The trust8es who served during the year and up lo the date of signature of the finanal statements were.. Cllr Faye Abbott Dr Lopamudra Saxena Marianne Taviner Anna Cuskin Tessa Piper Keith Cooper Jarnes Rtsse (Resigned 28 July 20231 (Resigned 30 April 20231 IAppointed 28 April 20231 Feeding Coventry follow our Trustee Recruilrnent Policy to appoint new trustees in accordan with our governing document (the constilulionl. Whenever a Iruslee leaves a skills audit of the board will lake place lo ellsure a suitable replacement is found, taking note of the skills or experiences lost by the deparluie. Consideration is also given lo any specific roles or duties that the individual leaving the board was undertaking. Once the ideal skilllexperience prtsfile has been identified a recruitment plan will be formulated. This will identify advertisemeni channels and person spectfications. Suitable applicants will be invited to attend meetings as an observer before appointThent will be considered. The applicant will be asked to declare any conflicts of interest and will be reqLJired to provi(le referenS which will be taken up prior lo the next board meeting. A vote will then be taken by existlllg trustees in accordance with the constitution. If approved, the new trustee will assume responsibilities frorn the date ol the next trustee meeting. Before accepting appoiniment, applicants will be provided with a copy ol the latest accounts of the charily." Charity Commission Publication CC3- 'Re5ponsibilities ol Charity Trustees.: a copy of the chanty's governing document. copy of the rninules ol the lasi three board meetings lediled to conform with the prinaples of data protection if necessary), relevant poliaes Including those regarding equal opportunities and conflicts of inleresl,. a copy ol this policy. None ol the Iruslees has any beneficial interest in the eompany. All of the trustees are meFnbers ol the company and guarantee to contribute £1 in the event of a winding up.
FEEDING COVENTRY CIO TRUSTEES REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Thè Trustees report was approved by the Board of Trustees. James Rose Chair of Trusteè Dale..
FEEDING COVENTRY CIO STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees are responsible lor preparing the Trustees Report and the financial statements in accordan wrth applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Accounting PraCte). The lavi applicable lo chaiities 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 ol affairs of the eharlty and of the incoming resources and application ol ie50uices of the charity for that year. In preparing these financial statetnen15, the Iruslees are required lo.. select suitable accounting policies and then apply them consistently,. observe thè melhods and principles in the Charities SORP.. make judg&menls and estimates that ale reasonable and prudent,. state whether applicable accounting standards have been followed, subject lo any material departures disdosed and explained in the Iinancial slalernenls,. and prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the Charity will continue in operation. The trustees 8re responsible lor keeping sufficient accounting records that discbse with reasonable accuracy 81 any lime the finafioial position of the charity and enable Ihern lo ensure that the financial statements cornply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also iesponsible for safeguarding the assets of the charity and hen¢e foi taking reasonable slep5 lor the prevention and detection ol fraud and other irfegulaiities.
FEEDING COVENTRY CIO TRUSTEES DECLARATION ON UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 In relation to the fin8nry81 slalements which comprise the 3lalernent ol financial activrties. the balance sheet and the related notes.. The trustees approve these financial statements and confirm that they are responsible for them. including Selecting the appropriate accounting policies. applying them consistently and making. on a reasonable and prudent basis, the jLJdgmenls underlying them. They have been prepared on the going concern basis on the grounds that the charity will continue in operation. The Iruslees confirm that they have made available to . all the chaiity's aOnt1Thg records and provided all the information necessary for the cornpilation ol the financial slaternents. The trustees confirm that to the best ol their knowledge and belief, the accountin9 records reflect all transactions of the charity for the year ended 31 March 2024. On behaKof the board James Rose Chair of Trustee5
FEEDING COVENTRY CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FEEDING COVENTRY CIO I report to the trustees on tny examination of the nancial stalèmenls of Feeding Coventry CIO Ilhe charity) for the year ended 31 hAarch 2024. Responslbillties and basis of report As the trustees of the charity you are responsible for the preparation of the financi815taternents in accordance with the requirement5 of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the charity's financial statements carried OLtI Ltndef section 145 of the 2011 Act. In oariying out my examination I have followed all Ihe applicable Directions given by the Charity Commission under Section 14515llbl of the 2011 Act. Independent examlnerfs statsmÈnt Since the charity's gross Income exceeded £250,0 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undÈrtake the examination because l am a member of , which Tr5 one of the listed bodies. Your attention is drawn to the fact that the charity has prepared financial s18lemenls in accordance with Accounting and Reporting by Chaiilies preparirEg their account5 In accordance with the Financial Reporting Standard applieable in the UK and Republic of Ireland IFRS 1021 In preferenTr to the Accounting and Reporting by Charities." Slalernent of Reoommended Practice issued on 1 April 2005 wttich is referred to in the exlanl regulations but has now been wilhdrawn. l understand that this has been done in order lor financtral slalemenls lo provide a true and fair view in accordanc with Generally Accepted Aecounting Pi8Ctice effectwe for reporting per¥Jds beginning on or after 7 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me Gause to believe that In any material re5pecl'. acctsunling record5 were not kept in respect of the charily a5 required by section 130 of the 2011 A¢l.' or the financial slatetnents do not accord with those records". or the financial statements do not comply with the applicable requirements concerning the fofrn and content of accounts sel out in the Charities (Accounts and Reports) Regulalions 2008 olher Ihan ally requirement that the accounts give a true and lair view which Is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn In this report in order to enable a proper understanding of the financial slalemerls lo be reached. Amanda Asbury FCCA le Emily Allen Road Iwhilemore Park Coventry CV6 2PN Dated..
FEEDING COVENTRY CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Re¥tricted funds funds 2024 2024 Total Unmstricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income nd endowments from.. Oonalions and legacies Other Irading activities Other income 175,945 329,3B5 505,330 208.810 517,302 726,112 13,156 1,533 13,156 4,116 17,215 926 139 336 17,354 1,264 2.583 Total tncomè 190.634 331.968 522,602 226,951 517.779 744,730 enditure on.. Raising funds 1.669 200 1.869 2.328 2,886 5,214 Charitable acliwties 193.342 338.766 532,108 148,982 394,508 543,490 Total expenditure 195,011 338,986 533,977 151,310 397,394 548,704 Net loutgoingllincoming rÈ50urces before transfers 14,3771 16.9981 111,3751 75,641 120,385 196,026 Gross transfers befvleen funds 23,913 123,9131 11,865 111.8651 Net incomellexpenditurel tor the yearl Net movement in funds 19.536 130,9111 {11.3751 87.506 108.520 196,028 Fund balances at 1 April 2023 139,386 237.759 377,145 S1.880 129.239 181,119 Fund balonce$ at 31 March 2024 158.922 206,848 365.770 139.386 237,759 377,145 The staternent ol financial activities includes all gains and losses re¢ognised in the year. All income expendrture derive from continuing aclivilies.
FEEDING COVENTRY CIO BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible a55ets 13 71,011 91,768 Current assets Deblois Cash at bank and in hand 14 94,001 226,262 35,344 294,963 320,263 330.307 Creditors.. amounts falling due within one year 15 125,5041 {44,9301 Nel current assets 294.759 285,377 Total assets less current liabilities 365,770 377,145 Income ftsnds Reslricled funds Unreslrioled funds 206,848 158,922 237.759 139,386 3fj5,770 377,145 The financial slalements were approved by the Trustees on . James Rose Trustee
FEEDING COVENTRY CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies Charity infomiation Feeding Coventry is a Charitable Incorporated Organisalion. 1.1 Accounting convention The finanGial slalemenls have been prepared in accordance with the charity's Igoverning dooumenll. the Charities Act 2011. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Irelènd" I'FRS 102,1 and the Chaiilies SORP "Accounting and Reporting by Charities". Statement of Recommended Piactice applicable to Gharities preparing their accounts in aceordarice wrth the Financial Reporting Standard applicable in the UK and Republic of Iieland {FRS 1021" lèffeclive 1 January 20191. The eharily is a Public Benefit Entity as defined by FRS 102. The charity ha5 taken advantage ol the provision5 in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the exlenl reqLJiied lo provide a true and fail view. This departure has involved following the Slalernenl of Recommended Practice lor charities applying FRS 102 rather than the version of the Slalement ol Recommended Practice which is referred to in the Regulations bul which has since been withdrawn. The fi'nancial slalements are prepad in sterling, which is the functional currency of the charty. Monetary arnounls in these financial st8lemenls ale rounded to the nearest £. The financial statements have been prepared under the historical cost ¢onvention, Imodified to include the revaluation of freehold properties and lo include inveslmenl properties and certain financial instruments at fair vÈluel. The Principal acGounlin9 policies adopted are sel otsl below. 1.2 Going concern Al the time of approving the fi'nancial stalements. the Iruslees have a reasonable expectation that the charity has adequate resources lo continue in operational existence fof the foreseeable future. Thus the Irystees continue to adopt the going concern basis of accounting In preparang the financial slalemenls. 1.3 Charitable funds Unrestricted funds are available for use at the discretion ol tha trustees in furtherance of their charitable obj8Ctives. Restricled funds are subject lo specific conditions by donors as to how they may be used. The purpose5 and uses of the Testricted funds are set out in the notes to the financial statements. Endowmenl funds Bre subject to specific condrtions by donors that the caprtal mu$l be maintained by the eh8rity. 1.4 Income Income is recognised when the charity is legally entitled lo it aftei any performance conditions have been mel. the amounts can be measuied reliably. and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notifièd of the donation, unless perfoTmanee conditions require deferral of the arnounl. Incorne lax recoverable in relation to donations received under Gift Aid 01 deeds of covenant Is recogn*sed at the lime of the donation. Legacies are recognised on receipt or otherwise if the eharily ha5 been nolFfjed 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.
FEEDING COVENTRY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) Grants are recognised when the charity has an entillemenl lo the funds and any ¢ondilion5 linked to the grants have been mel. Vvhere performance conditions are attached lo the grant and are yet lo be mel. the Income is recognised as a liability and Included on the ba13nce sheet as deleffed income to be released. l.S Expenditure Expenditure is recognised once there is a legal or constructive obligats'on lo Iransfer economic benefit lo third party, Il is probable th81 a transfer ol econom benefits will be required in selllement, and the amounl ol the obli931ion can be measured reliably. Expendilure is classifi'eLI by aclniity. The costs of ea¢h athivtty are made up of the lolal of direct costs and shared costs. including support costs involved in un(Jertgking each activity. Direct costs attributable lo a single activity are alloG8led directly to that activity. Shared costs whi¢h contribute lo more than one activity and support costs which are not attributable to a Single activity are apportioned befv4een those activities on a b8SIS consistent with the use ol resources, Central staff costs are allo¢aled on the basis ol tirne spent, and depreciation charyes are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequeTrlty measured al Cost or valuation. net of dèpreciation and any impairment losses. Deprecialion is recognised so as tts write off the cost or valuation ol assèts less their residual values over their useful lives on the following base5.' Leasehold impiovemenls Fixtures and litlings Computer equipment 5 years straight linè 5 years straight line 2 year5 straight line The gain or loss arising on the disposal ol an asset is determined as the differenTr beeen the sale proceeds and the carrying value of Ihe asset, and is recognised in the slalettTrent of fi'nancial activities. 1.7 Impaimient of fixed assets At each reporting end date, the ¢harity reviews the carrying arnounts of ils tangible assèts to determine whether there is any indication that those assets have suffered an impaimient loss. If any such indication exists, the recoverable amount of the asset Is estimated in order to deleimine thts extent of the impairment loss Irf any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hènd. deposi15 held al call with ballks, other short-terrn liquid investments with original maturities ol three months or less, and bank overdrafts. Bank oveidrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The charity has elected lo apply the provisions ol Section 11 'BaSFC Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its linancAal insliuments. Financial instrurnents are iecognised in the charity's balance sheet when thè charity becomes party to the conlraclual piovisions ol the inslrumenl. Financial assets 8nd liabililies are oftsel, with the net amounls presented in thè financial slalemenls, when there is a legally enforceable right lo set off the recogrTrised amounts and there is an intention lo settle on a nel basis or to realise the asset and settle the liability simultsneous. 10-
FEEDING COVENTRY CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) Basic finala1 assets Basic finanaal assets, whi¢h include debtors and cash and bank balans. are initially measured at tr3nsaction poce including tiansaclion costs and are subseouenlly cairied al amortised cost using the effeclive interest method unless the arrangement constitutes a financing transaction, where the Iransactiofi is measured al the present value of the future reeeipls discounled at a market rate ol interest. Financjal assets classified as ceIVable within one year ale not amort15ed. Basie financial liabilities Basic financial liabilities, indtsding creditors and bank loans are initially recognised at transaction price unless the aiiangement constitules a financing transa¢lion, where the debt inslrutnenl is measured at the present value ol the future payments diScoted al a market rate of inleresl. Financial liabilities classified as payable within one year are not 8mortised. Debt instruments are subsequently camed at amortised cost, using the Offedive interest rale method. Trade creditor5 are obligations lo pay for goods or services that have been acquiied in the ordinary course ol operations from supplieis. Amoun15 payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-¢utrenl liabilitie5. Tiade creditors are recognised inilialty at transaction pnce and subsequently measured at arnortised cost using the effective interest Method. Dereeo9nition of financial liabilities Financial liabilities are derecognised when the charity's eonlraclual obligations expire or are discharged or ¢ancelled. 1.10 Taxation The charity is considered to pass the lesls set out in Paragiaph 1 Schedule 6 of the Finance A¢t 2010 and Iherefoie rt rneets the definition of a charitable company for UK corporation lax purposes. Accordingly. the chaiity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of Ihe Corporation Tax Acl 2010 01 Section 256 of Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exdusively lo charitable purposes. 1.11 Employee benefFts The cost of any unused holiday entillemenl is recognised in the pèriod in which the employee's seivlces are received. Terrnination benefits are recognised immediately as an expense when Ihe charity is demonstrably committed lo terminate the employment ol an employee or to prowde terminalMJn benefits. 1.12 RetSrement benefits Payments to defined contribution retirement benefrt schemes are charged as an axpense as they fall due. 1.13 Government Grants Government grants are recognised based on the accrual model and are measured al the fair value of the asset received or receivable. Grants are Glassified as relaling either lo revenue or lo assets. Grants relating lo revenue are recognised In income over the period sn which the related costs are recognised. Grants relating lo assets are recognised over the expeeled useful life of thè a5sel. Where part ol a grant ielaling to an asset is deferred, il is iecognised as deferred income.
FEEDING COVENTRY CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Critical accounting estimates and judgements In Ihe application of the charily's ac¢ounling policies, the trustees are required lo make judgements, estimates and assumptions aboul the cariying amount of assets and liabilities that are not readity apparent from other sources. The estimates and a530cialed assumptions are based on historical experience and other laclors that are considered to be relevant. Actual su11$ may differ from these estimates. The eslimales and underlying assumptions are reviewed on ongoing basis. Revisions lo accounting estimates are recognised in the period in which the estimate is ievised where the revision affects only that period. 01 in the period of the ievision and lulure peiiod5 where the revision èffects boltt ¢uiienl and future periods. Donations and lega¢ies Unrestricted R•$trlcted funds fund5 Total Unrestricted funds Restricted funds Total 2024 2024 2024 2023 2023 2023 Donations and gifts Grants reiVed Rootn Hire 1,867 136,168 37.910 69,155 259,230 1,000 71,022 395,398 38,910 64,710 114.752 29.348 30.057 487,245 94,767 601.997 29.348 175,945 329,385 505,330 208,810 517,302 726,112 Donations and grfts Donations Bare Necessities Par1$ Christmas Hampers Creative Wellbeing 1,867 67,948 608 599 69,815 608 599 64,710 14,253 9,597 187 6,020 78.963 9.597 187 6,020 1.867 69,155 71,022 64,710 30,057 94,767 Other trading activiti•s UnrestrÈcted unstrICted Restricted funds funds fund$ Total 2024 2023 2023 2023 Supermarkèt Income 13,156 17.215 139 17,354 12
FEEDING COVENTRY CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Charitsble activities Community Commun6ty Centre Centre 2024 2023 Staff costs Depreaation and impairment Food Equipment Gas, electr4cty & water Insurance Mainlenance costs 179,949 32,794 89,864 99 15,831 11,696 32,026 154.218 31.139 54.363 14,781 17.205 760 28.690 E 11 Office adtninistration Legal and profe$5ional Bank Chaiges Sundries Motor & travel Èxpenses Packaging & dÈlivery 3,658 90,042 435 12,821 8,557 1,451 2,428 75,926 465 22.014 6.274 133 479,223 408,3S Gr8nl funding of activities15ee note 81 Share of governaTice costs (see note 91 52,635 250 134.844 250 532,108 543,490 Analysis by fund Unrestricted funLts Restricted funds 193,342 338.766 148,982 394,508 532.108 543,490 14_
FEEDING COVENTRY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Grants & donations paid Community Community Centre Centre 2024 2023 Henley Green Comtnunity Trust St Francis of Assisi Church Stoke AldÈrmoor Life Centre Willenhall Community Centre Cheylesmore Community Centre Coventry Food Neork Feed the Hungry Stoke Healh Community Centre Moal House Community Trust Coventry Central Seventh Day Advenlisl Soaal Supermarket Culture Coventry Trust Foleshill Community Centre Environment Holbrooks Community Cafe Association rile Hill Community Partnership Willenhall Food Hub Kairos V Team Springboard 10.269 17,208 11,145 8,412 5,603 9.693 13.365 31.961 5.953 2.000 2.000 3,2CrfJ 10,750 2.WO 2.050 2.925 30,270 574 4.070 3,600 48,783 3,852 128,264 6,580 Donations 52,835 134,844 15-
FEEDING COVENTRY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Trustees None of the trustees lor any peisons connected with them) received any remuneration or benefits trom the ¢harily during the yeai. Payments of £NIl12023 £4,300) were made lo Vortex Creates Limited, which is a company Marianne Taviner owns 50% ol the issued capital. This was for SLJPPOrt with decoration and Covid-19 equipment. At the balance sheet date the amoLinl due tofftom Vtsrtex Creates Limited was £Nil12023 £Nill. Payments of £7,966 12023 £NIll were made to McGlone Wardzynski Limiled, which is a company James Rose owns 100°A of the 155yed capital. This was lor providing Accountancy services throughout the year. At the balance sheet dale the amounl due tollrom McGlone Wardzynski Limited was £Nil12023 £Nill. Faye Abbott is a Coventry City Councillor. The charity received a number of grants from Coventry City Council in the year which total £70.73012023 £304,634). She is also a self*mployÈd contractor lor Feed the Hungry. The charity madtr a grant lo Feed the Hungry 01 £Nil the year12023 £31,9611. 11 Employees The average monthly number ol ernployees during the year was.. 2024 Number 2023 Number Administfation Social Supermarket 15 12 Total 16 Employment Costs 2024 2023 Wages and salaries Social secursty costs Other pension costs 185.485 11,828 2,636 142,615 10,283 1,320 179.949 154.218 The key managetnent personnel ol the Gharity comprise the trustees and the operation manager. The total remuneration of key management pe¥50nnel during the year was £49.88912023'. £45.5031. There were no employees whose annual remuneration was more than £60.OCM). 12 Taxation The ehanty is a registered eharity and is therefore exempt from laxalion. 17_
FEEDING COVENTRY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Tangible fixed assets Leasehotd Flxtur88 and Improvements ffttings Computer e4uipmeTrt Totsl Cost At 1 April 2023 Additions Disposals 102,227 11,828 45,093 3,350 210 (1,6311 150,670 12.038 11,6311 At 31 March 2024 114.055 45.093 1,929 161,077 Depreciation and impairment Al 1 April 2023 Depreciation charged In the year Eliminated in respect of disp05als 24,636 22,811 31.777 9.019 2,490 964 11,6311 58.903 32.794 11,6311 Al 31 March 2024 47,447 40,796 1,823 90,066 Carrying amount At 31 MaiGh 2024 66.608 4.297 106 71.011 At 31 March 2023 77,592 13,316 860 91.768 14 Debtors 2024 2023 Amounts falling due wlthin one year- Trade debtors Other debtors 89,699 4,302 33,151 2,193 94,001 35,344 1S Creditor¥'. amounts falling due withix one year 2024 2023 Trade creditors Accruals and deferred income 24,804 700 44,230 700 25,504 44,930 16 Retirement benefit schèrnes Defined contribution schèmes The charity operates a defined contribution pension scheme lor all qualifying employees. The assets of the scheme ale held separately from those of the charity in an independently administered nd. The charge lo profit or loss in respect of defined contribution schemes was £2,63612023- £1,3201. 18
FEEDING COVENTRY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Analysis of net assets beten funds Unrèstricted Restri¢ted fund5 funds 2024 2024 Total Unrestricted Restrict•d fund¥ lunds 2023 2023 Total 2024 2023 Fund balances at 31 March 2024 are represented by.. Tangible a55els Current assetsllli8bililiesl 4.403 158.111 66,608 136,648 71,011 294,759 14,177 125,209 77,591 160,168 91,768 285,377 182,514 203.256 365,770 139,386 237.759 377,145 18 Relatèd party transactlon$ There were no disck)sable related party transactions during the year12023- none). 19
a c) c> (D a C> O c> co Tr- 00 U U U U U ULL U U Q LU LL LL