2021-03-31-accounts - The Feed Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.


Trustees' annual report
Independent examiner's		report to the trustees
Statement offinancial	activitieS
Balance sheet
Notes to the financial statements

Reference and administrative	Reference and administrative	Reference and administrative	details
Registered	charity	name	The Feed Foundation
Charity registration		number	1176940
Principal ofhce			Ground Floor
			78-80 Prince ofWales	Road
			Norwich
			NR1 1NJ
The trustees
The trustees	who served during		the year and at the date of approval		were as follows:
			JA Booth (resigned 16September 2020) CJChalmers
			A Driscoll
			R Finon
			J Rainford (appointed	30April 2021)
CEO			LParish
Independent	examiner		Mark Proctor FCA DChA
			Lovewell Blake LLP
			Chartered accountants
			Bankside 300
			Peachman Way
			Broadland Business Park
			Norwich
			NR7 OLB
Bankers			Co-operative Bank Pic P0Box250
			Delf House
			Skelmersdale
			WN8 6WT
Solicitors			Clapham &Collinge
			35/37 Exchange Street
			Norwich
			NR2 1EN

			2021	2021	2020
			Unrestricted
		Note	funds	Total funds f	Total funds
Income and endowments
Donations and legacies Other trading activities		4 5	134,059	134,059	83,242 663
Total Income			134,059	134,059	83,905
Expenditure
Charitable activities		6	(67,705)	(67,705)	(78,266)
Total expenditure			(67,705)	(67,705)	(78,266)
Net income and net movement	in funds		66,354	66,354	5,639
Reconciliation offunds
Total funds brought forward			59,620	59,620	53,981
Total funds carried forward			125,974	125,974	59,620

Balance s 31 March	heet 2021
				2021		2020
			Note	F.	R
Fixed assets Tangible fixed assets					19,709		29,682
Current assets
Debtors			12	32,599		31,501
Cash at bank	and in	hand		75,526		237
				108,125		31,738
Creditors: Amounts		falling due within
one year			13	(1,860)		(1,800)
Net current	assets				106,265		29,938
Total assets	less current liabilities				125,974		59,620
Net assets					125,974		59,620
Funds ofthe charfty Unrestricted funds					125,974		59,620
Total charity	funds		14		125,974		59,620

				Unrestricted	Total Funds	Unrestricted	Total Funds
Donations				Funds f	2021	Funds f.	2020
Donations Profits from The Feed Enterprises			CIC	32,444 50,558	32,444 50,558	20,177 25,065	20,177 25,065
Grants
Grants Local authority	coronavirus	support		10,000 41,057	10,000 41,057	38,000	38,000
				134,059	134,059	83,242	83,242

				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2021 f	Funds f	2020
Fundraising	events					663	663
Expenditure	on charitable		activities
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2021	Funds	2020
Staffcosts Rent Training Loss on disposal offixed		assets		27,832 18,000 217 378	27,832 18,000 217 378	20,400 18,000 21,121	f 20,400 18,000 21,121
Depreciation Governance	costs			19,418 1,860	19,418 1,860	16,945 1,800	16,945 1,800
				67,705	67,705	78,266	78,266
Analysis of	Governance	costs
Independent	examination	fees				2021f 1,860	2020f 1,800
Net income
Net income is stated after		charging/(crediting):
						2021	2020
Depreciation oftangibh fixed assets Operating hase payments Loss on disposal offixed asset						19,418 18,000 378	16,945 18,000

			Leasehold
		improvemen ts		Catering equipment	Office equipment	Motor vehicles	Total
				r
	Cost At 1 April 2020 Additions Disposais		24,790 6,109	16,427 2,327 (715)	3,388 1,387	10,600	55,205 9,823 (715)
	At 31 March 2021		30,899	18,039	4,775	10,600	64,313
	Depreciation At 1 April 2020 Charge for the year Disposals		11,744 9,146	5,808 5,406 (337)	1,494 1,333	6,477 3,533	25,523 19,418 (337)
	At 31 March 2021		20,890	10,877	2,827	10,010	44,604
	Carrying amount At 31 March 2021		10,009	7,162	1,948	590	19,709
	At 31 March 2020		13,046	10,619	1,894	4,123	29,682
12.	Debtors
						2021 f	2020
	Amounts owed by group undertakings Prepayments and accrued income Other debtors					26,599 1,500 4,500	25,501 1,500 4,500
						32,599	31,501
13.	Creditors: Amounts	falling due	within one year
						2021	2020 f
						1,860	1,800

					Unrestricted	Total Funds
					Funds	2021
	Tangible fixed assets Current assets Creditors less than 1year				19,709 108,125 (1,860)	19,709 108,125 (1,860)
	Net assets				154,154	154,154
					Unrestricted	Total Funds
					Funds	2020
	Tangible fixed Current assets Creditors less	assets than 1 year			29,682 31,738 (1,800)	29,682 31,738 (1,800)
	Net assets				59,620	59,620
16.	Operating lease commitments
	The total future minimum		hase payments	under non-cancellable	operating kisses are as	follows:
					2021	2020
	Not later than 1 year Later than 1 year and not		later then 5years		4,500	18,000 4,500
					4,500	22,500

Related parUes	Related parUes	Related parUes
The Feed Foundation is the ultimate controlling party ofThe Feed Enterprises CIC (company 08915020 which is registered in England and Wales) which operates the cafe and catering The following related party transactions occurred with The Feed Enterprises CIC;			number services.
		2021	2020
			E
Assets purchased on behalf ofthe Foundation Wages recharged to the Foundation Other expenditure recharged to the Foundation Rent paid on behalf ofthe Foundation Oonations received on behalf ofthe Foundation Grant income received on behalf ofthe Foundation Profit transferable to the Foundation		9,823 27,832 2,017 18,000 3,428 50,558	1,456 20,400 23,680 18,000 2,152 18,820 25,065
Payments made in the year to Enterprises Payments received from Enterpdses		29,849 25,065	43,000
Amounting owing to the Foundation at 31 March Turnover
The summary financial performance of The Feed Enterprises	CIC is:
		2021 f.	2020f
		265,684	281,212
Total expenditure		249,850	256,394
Other operating income
Profit
Amount donated to The Feed Foundation by Gift Aid
Net Assets