The Feed Foundation
Financial Statements
For the year ended 31 March 2024
charity Registration Number 1176940

The Feed Foundation
Contents
Year ended 31 March 2024
Page
Trustee8 Annual Report
Independent auditorfs report lo the members
Statement of finan￿al activitie5 linduding incorne and expenditure account)
Balance Sheet
Statement of Cash Fl
Notes to the finanGial Statements
12-22

The Feed Foundation
Trustees. Annual Report
Year ended 31 March 2024
The Trustees present their report and audited consolidated financial statements ol the charity and group lor the year end 31 March 2024.
The financi31 statement5 have been prepared in accord8nce with the accounting policies set OLrt in notes to the accounts and oomply
with the chaiity'5 governing docutnent. the Charities Act 2011 and Accounting and Reporting by Charities Staternent of Recotnmended
Practi￿ appIl￿ble to charits.es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic ol Ireland published in October 2019.
Referen¢e and Administrative Detsils
Reglstere(I charfty nam8
The Feed Foundation
Charlty reglstratlon number
117S940
Principal offi¢e and registered
offiea
65-65A Hall Road
NoDAqch
Norfolk
NR13HL
The tr4JStees
The trustees who served during the year and at the date of approval were as follows".
C J Chalmers
K Gessner
L Long IResigned 1 September 20231
J R8inford (Resigned 1 January 20241
E Reney
K Hanner (Appointed 1 January 20241
L Parish (Appointed 1 August 20241
CEO
L Parish (Resigned 1 August 20241
G Harvey-o'connell (Appointed 1 August 20241
Bankèrs
Co-operative Bank PIC
PO Box 250
Dell House
Skelmersdale
WN8 6WT
Auditor
Lovewell Blake LLP
Chartered Accountants &
StatLrtory Auditor
Bankside 300
Peachman Way
Broadland Business Park
Norwich
Norfolk
NR7 OLB
Solieitors
Clapham & Collinge
35137 Exchange Street
NoDAqch
NR2 1EN

The Feed Foundation
Trustees. Annual Report (continued)
Year ended 31 March 2024
Objectives and activilies
The object of the charity is the prevention or relief of poverty in Norfolk by provKling'. grants, items and services to individuals in need
andlor charities, or other organisalions working lo prevent or r&li&ve povety.
Through th8 Power of food, our m18sion 18 to empower communitles In Nopwieh, ensuring &ach and every person has the support to eat
well, live well. and feel connetlèd.
By providing safe spates at th& heart of the community and a holistic programme of projècts and 1 1 support. we tan reduc& inequalitiès.
raise aspirations, and create a 5hare(I cutture of strength and kindness.
The Feed Foundation run5 a community hub. comprising a Social Supetrnatkel, which provides member5 With acTrs5 to affordable
groceries and free hygien8 products to improv& their financial resilience, and a Community Café and Kitchen in which we faalitate
programme of support and coaching. group projects, workshops and Community activities.
We know our support refi&cts the needs and Interests of the community, bÈcause we work togÈther with thèm to design and deliver our
support programmes We wanl to ensure that people are empowered to make changes to improve their urcumstance5. We take a
strenglhs-based and preventative approach, putting the lived experience, skills and abilitEs of a community at the heart of our seryices.
We are passionate about food and passionate about people. Our trading enterprise The Feed Enterpris&s CIC runs cafés and a catering
business to generate profrt5 which are donated to The Feed Foundation. They a150 enable us to pro¥ide volunteering opportunities and
work experience for the community. The food we rnake 18 delicious, homemade and locally Sourced.
Everything we do works towards our vision of 'Communities where everyone thrives,.
Publlc Benefft
The Trustee5 Gonfirtn that have had due regard to the Charily Commi55ion's guidanff on public benefit.
Achigvemerts and Perfomiance
At the beginning of 2023, we look the decision lo move all of our support work into The Feed Foundation for this financial year. with The
Feed Enterprises becoming a trading subsidiary only. This m&anl that Some of the staff team. and associated costs. moved across to thè
Foundation to help to develop 8n(I deliver new and exi5tinq proiecls.
Costs for The Foundation increased b&cau$e of this and du& to the demand for servicès. we Launched a full fundraising strategy and mad&
a deGlSlOn to outsource our fund and foundations wriling to a professional organisalion. This has proved lo be 5ucttssful and because
of this strategic approach. we have been successful in securing enough funding to deliver our projects.
During the year, we have seen 8 huge demand for our Services and support projects, with 500 peopk visiting our Soual Supemiarket and
Community Hub each week. The cost of living continued to rise and people have found it difficuh to b& able to afford 811 their &88entials.
Our projects have been well attended and we have seen some incredible outcomes for the peopk we support. This is testament to the
hard worf¢ of our 8taff and volunteers.
Expanding our aGtivities. alloweil for a wder funding foGUS. in 2023-2024. we launGhed Some new projects that foGused on health and
wellbeing, community skills and community conversations.
We have a team of Community Connectors. They have been having Gonversalions with people and trying out different melho(Is of
gathering meaningful infomalion from the community. They find out about what mallers lo people, the challenges they face. the barrier5
put in th&ir way and what Ih8y think the solutions might be. We use the information to &nsur8 that our support is relev8nt, and we creat8
feedback loops to show that the Infomation has been used or will bp used to make ¢hanges. Wherever possibl& those thanges will be
rn¥de by the community themselves, wlh facilitation through our Community Skills project, Nvhich helps people lo develop an i(lea for
community project, by using our experti88 and exp8riene8. We can help peopk lo secure funding and training lo bring the idea lo life, for
the benÈfit of th& community.
We have a great team of staff who are multi skilled, committed and focused and we are committed to the development of skills amongst
the team and have been able to provide training in area5 such as trauma informed practice ¥nd have provided clinical supervision and
refi8Ctive practice for thos& who work on th& frontline.

The Feed Foundation
Trustees. Annual Report (continued
Year ended 31 March 2024
Financial review
The results for the year are shown on pages 8 to 22.
The year ended 31 March 2024 showed a deficit of £48,42112023'. deficit of £43.1711.
Total funds at 31 March 2024 are £121.24012023". £167,6611 of which free reserve5 of the group amount to £63.79512023' £79,760).
Restricted fund5 atnount to £43.62512023 £62,613). The free reserves of the chsity Individually weie £21,29212023 £43,919).
Reserves pollcy
The Trustees have established a policy ol maintaining reserves to cover three months running costs, lease commitments and estimated
staff costs upon closure. At 31 March 2024 the value ol the reserves required amounted to £79,200. The Trustees a￿ ol the opinion
reseNes at this level would be sufficient to ensure the charity is sustainable whilst not carrying excessive funds It is the trustees
intenb.on to build re5etves to the required level in future years.
Plans for futur• ￿riOds
Looking forward into the next financial year, we are aware that the trust and grants landscape is changing, and that it may become more
difficult to obtain funding.
Therefore our aim In 2024-2025, is to continue to raise money from trusts and grants using a professional fundraiser. and in addition we
have deaded to diversify our income streams to rn￿"gate risk. We have made the decision to grow our fundraising team, and locus on
areas that we have not previously explored. such as individual giving and legacy giving. There will also be a larger locus on raising
fvnding fiorn corporate organisations. through our Friends of The Feed scheme.
We plan to focus on building unrestricted funds. and our reserves. Therefore, we have created a 3 year growth plan for our trading
enterprise. 50 that the profits generated for The Feed Foundation each year increase. and the Foundation becornes less reliant on
funding lor core costs.
Structure, governance and management
Governing document
The Feed Foundation was estsblished as a CIO on 1 February 2018. number 1176940.
Recruitment and appointment of trustees
There must be at least three charity trustees, with a maximum of nine. Each trustee must be appointed by a resolution passed at a
properly convened meeting of the charity trustees.
In selecting individuals lor appointment as charity trustees, the existing charity trustees must have regard to the skills, knowledge and
experience r)eeded for the effective administr8b.on of the CIO.
Induction and training of trustees
The charity trusteès will make available to each new charity trustee. on or before his or her first appointment
a copy of the current version of the consb"tution".
a copy of the CIO'S latest Trustees, Annual Report and statement of accounts.
In addition, the Trustees are encouraged to read Charity Commission and other newsletters and to attend courses designed to keep
them 8breast of their duties and responsibilities.

The Feed Foundation
Trustees. Annual Report (continued
Year ended 31 March 2024
Structur•, govornancg andmanag•m•nt (contlnugd)
Risk management
The Trustees have assessed the major risks to which the charty is exposed and are satisfied that systems are in place to mib.gate
the exposure to these risks.
Organlsatlonal structure
Although the trustees of The Feed Foundation oversee governance, the day to day management of the organisation is the
iespon51bility of the General Manager with the support of the te8rn. tnade up of a Finance Officer and Marketing and Cotnms
Relateil parties
One ol the Trustees of The Feed Foundation are also directors of The Feed Enterprises CIC.
Fundraising standards
The Gharity carries out limited fundr815ing activities in oonneotion with its 8ctivthes. During the year the chaity engaged a
professional fundraiser to assist with applications to trusts and foundations. There have been no complaints about the chaiity's
fundraising this year. Fundraising is monitored by way ol the charity recording all donations and events where income is received.
Trustees, responslbllltles
The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Account Practi￿1.
The law applicab18 to charities in England and Wales r8quir85 th8 TtU5te85 to piepare financial stat8m8nts for 88ch financial y8ar
which give a true and fair view of the state ol affairs ol the (*arity and the group and of the incoming resources and application of
resources ol the charrty and the group lor that period.
In p￿parIng these Iinanaal statements, the trustees are required to."
select suitable accounting poliaes and then apply them consistently.,
observe the methods and principles in the applicable Charities SORP 2019 IFRS1021,'
rnake judgTnents and accounting estirnates that are re850nable and ptudent,
slate whether applicable UK accounting standards have been followed, subject to any material departures disclosed and
explained in the financial Statements
piepare the financial st8tetnents on the going ￿n￿rn basis unles5 il is inappropriate to presume that the oh31ity 8nd group
will continue In operation.
The trustees are responsible lor keeping proper accounting records that disdose with reasonable accuracy at any time the financial
position of the charity and group and enable Ihern to ensure that the financial statements cornply with the Charities Act 2011, the
Charities IAo¢ounts and Reportsl Regulations 2008 and the provisions of the governing document. They ale also responsible for
safeguarding the assets of the charity and group and hence for taking ￿aSOnable steps for the pievention and detection of fraud
and other Irregularities.
True and fair override
The accounts Ilinancial statements) have been prepared to give a 'lrue and fair view and have departed from the Charities
(Accounts and Reportsl Regulations 2008 only to the extent required to provide a 'lrue and fair vievl.. This departure has involved
following Accounting and Reporting by charities by Charities preparing their accounts in accordance with the Finanual Reporting
Standard applicable In the UK 3nd Republic of Iieland IFRS 1021 Issued in Octobei 2019 lather than Accounting and Repotting by
Charities". Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The trustees, annual report was approved on
1411212024
and signed on behalf ol the board ol trustees by..
(LJis* CQthL¥s
C J Chalmers
Trustee

The Feed Foundation
Independent Auditor's Report to the Members and Trustees of The Feed Foundation
Year ended 31 March 2024
Oplnlon
We hav8 audited the finanaal staternents of Th8 Feed Foundation Ith8 'par8nt charity'l and its subsidiary Ith8 'group'l for tha year end8d
31 March 2024 which comprise Consolidated Ststernent of Financial Activities, Consolidated Balan￿ Sheet, Consolidated Statement ol
C85h Flow, P818nt Charity Stat8rnent of Cash Flows and not8S to the financi81 statem8nts, including signific8nt 8CCOUnting polici8s. Th8
financial ￿porting framework that has been applied In their preparation Is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Stsnd8rd 102 The Fin8ncial R8porbng Standard applicab18 in the UK and Republic of Ir81and IUnit8d
Kingdom Genemlly A￿pted Accounting Practi￿1.
In our opinion the financial statements=
give a true and fair view of the stste of the group's and parent charity's affairs as at 31 March 2024, and of the group's incoming
resour￿$ and application of resour￿$, including its inwme and expenditure. for the year then ended,.
hav8 b88n prop8rly prepared In accoidanc8 with Unit8d Kingdom Gen8rally Acc8Pt8d Accounting Practic8, and
have been p￿pared in accordance wth the wuirements ol the Charities Act 2011.
Basis for opinion
We conducted our audrt in accoidance ￿th 1ntemab.onal Standards on Audib"ng IUKI IISAS IUKII and applicable law. Our responsibilities
under those stsndards are further described in the Auditor's ￿SpOnSibl1111es for the audit ol the financial statements section ol our ￿pOrt.
We sre independent of th8 group and psient charity in accordan￿ wth the ethic81 requir8ments that are relevant to our 8udit of th8
financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical ￿Sponsibl11t1es in accordan
with these r8quirem8nts. W8 believe that th8 audit evid8nr£ we have obtain8d is sufficient and appropriate to provid8 a basis for our
opinion.
Concluslons relatlng to golng concern
In auditing the fi'nancial statements, we have concjuded that the trustees, use of the going con￿rn basis of accounting in the preparation of
the Iinancial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or
collectively, may cast significant doubt on the group and parent charity's ability to continue as a going con￿rn for a period of at least
bvelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going con￿rn are described In the relevant sections of this
report.
Other Infom)atlon
The other information comprises the information included in the Iruslees, annual report. other than the financial statements and our
auditor'5 report thereon. The ttustees are responsible foi the other Information. Our opinion on the financial statetnents does not cover the
other infomiation and we do not express anv form of assuran￿ conclusion thereon.
Our responsibility Is to read the other information and, in doing so, consider whether the other information Is materially Inconsistent with the
financial statements or our kno￿edge obtained in the course of the audit or otherwise 8ppears to be materially misstated. If we identify
such materisl inconsistencies or appa￿rnt material misstatements, we are required to detemine whether this gives rise to a material
rnisstatement in the fi'nancial ststements themselves If. based on the work we have performed. we conclude that there is a material
misstatement of this other information, we a￿ required tts report that fact.
We hsve nothing to report in th15 regard.
Matters on whlch we are requlred to report by exceptlon
We have nothing to report in respect of the following matters in relats'on to which the Charities IA¢counts and Reportsl Regulations 2008
require u5 to report to you if, in our opinion.
the information given in the trustee$. annual report is inconsistent in any material respect with the financial ststernents.. or
sufficient 3CCOUnting records have not been kept". or
the financial statements are not in agreement with the accounting records." or
we have not re￿iVed all the information and explanations we require for our audit.

The Feed Foundation
Independent Auditor's Report to the members of The Feed Foundation (continued)
Year ended 31 March 2024
ResFK)nsibilities of the trustees
As explained more fully in the Irustees. responsibilities $tatetnent, the trustees are responsible for the preparatign of finanGial statements
and for being satisfi'ed that they give a true an(1 fair view. and for such internal control as the trustees determine is neTrssary to enable
the preparation of financial statements that are free from matarial mi88tatem&nt, whether due to fraud or &rror.
In preparing the financial statements. the trustèes are ￿spOnSIbl￿ for assessing the group and parent charity's ability lo continue as a
going concern. disGlosing, as applicable. matter5 related to going concem and using the going conff m basis of aGGounting unless the
trustees either intend to liquidate the group or the parent charity or lo cease operations, or h8ve no realistic attemative but to do so.
Auditor responsibilitiÈ$ for the audit of thè finan¢ial $tstÈmÈnts
We have ￿en appointed as auditor under $￿tIOn 151 of the Charities Ad 2011 and report In accordanee Mth the Ad and relèvant
regulations made or having effect thereunder.
Our objectives are to obtsin reasonable assurance about thether the financial statements as a whole are free from material
misstatem8nl, whether due to fraud or error, and to ISSU8 an auditor'8 report that Includ88 our opinion. Rea80nabl8 assurance is a high
vel of assurance. bul 1$ not a guarante& that an audit tondutted in atcordanc& with ISAS IUKI will aNvay$ d&ted a material
misstslemenl when it exists. Mi55taternents can arise from fraud or error and are considered material rf. indwidually or in the aggregate.
they could reasonably be expected to influence the economic decisions of us&rs taken on the basis of the88 financial statements.
Irregulanlies, inGluding fraud. are instances of non-GomplianGe with laws and regulations. We design proGedures in line with our
responsibilities, outlined above, lo detect material misslatement5 in respect of irregularities, including fraud. The extent lo which our
proe8dures 8re c8pable of d8t8cting irregularrti88, including fraud Is detaikd b&low'.
Enquiry of m2nagement and those charyed with governante to confimi there are no Instanc&s of fraud or non-r￿MplI8nc￿ wth
laws and regublions.
Review of dischsures Mlhin the financial statements and vouching these to supporting docum&ntalion to ensure compliance wth
applicable laws and regulations.
Review of key accounting e5timales, lo ensure reasonable and no signs of management bia5.
Performing audit work over the risk of managem&nt override of controls, including testing of joumal entries and other adjustments
for appropriateness, evaluating the rttionale of $ignifitant transactions outside the nomal ¢ourse of activities.
Because of the inherent lirnrtations of afl ¥udit. there is a risk that we will not detect all irregularities, including those ￿adIng to a material
misstalem8nl In the financial 8talem8nls or non-complianc8 Wlth regulation. This risk Increases the more that compli8nc6 with a law or
regulation is removed from the events and transactions refleclÈd in th& financial statements. as WÈ will ￿ less likely to ￿cOMe aware of
instances of non-compliance. The risk is 8lso gre8ter regarding irregularitie5 occurring due to fraud rather than error. as fraud involve5
intentional Con￿alment, forgery, collusion. omission or misrepresentation.
A further description of our re$ponsibiliti&s is availabl& on the Financial R&porting Council's website at.. http8.'Ilww.frc.ory.uklOur-
WorklAudiVAudil-and-assurancelSlandards-and-guidancelStsndardwnd-guidanTr-ft>r auditorslAudit0rs-re5ponsibilities-for-
auditlDescription-of-auditors-re5ponsibililies-for-audrt.aspx. This description forms part of our auditor's report.

The Feed Foundation
Independent Auditorfs Reportto the Members of The Feed Foundation {continued)
Year ended 31 March 2024
Use of our report
Tris report 18 made solely to the charivs trustewd, a8 a body, in accordance with Part 4 of the Chariti&s (Accounts and Reports)
Regulations 2008. Our audit work has been undertaken so that we mKJhl Slate lo the charivs trustees those matters we are required lo
stale lo them in an auditor's report and for no other purpos&. To the fullest exLent permilled by law. we do not actept or assume
responsibility to anyone other than the charity and the charitls trustees as a body for our audit work, for this report, or for th& opinions we
have formed.
For and on behalf of
Lovewell Blake LLP
Chart8r8d Accounlanls & slatulory auditor
B8nkside 300
Peachman Way
Broadland Business Park
Norwich
NR7 OLB
1710112025
Lovewell Blake LLP is eligible for appointment as auditor of the charity by virtue of ils eligibility for appointment as auditor of a company
under section 1212 of the Companies Act 2006.

The Feed Foundation
Consolidated statement of financial activities
Year ended 31 March 2024
Notes
General
Fund8
Restricted
Funds
2024
Total
2023
Total
Income and endowmer
Donations legacEs
Charitable activities
CIC tr8ding activitie5
Investment income
118.008
81.109
1.053.179
513
189.683
307,691
81,109
1,053,179
513
424.283
64.949
1.006.969
99
Total illGome
1.252.809
189,683
1,442,492
1.496.300
Expenditure
Raising funds
CIC trading activities
Charitable activrties
113,1791
971.5651
1504,1691
1971,5651
1302,0511
1,212,759)
1326,7121
1202.1181
Totsl expendlture
11.286,7951
1202.1181 11.488.g131
11,539,471)
Net1oxp8ndlturel I Income b8fore tran8f8r8
Transfers between fvnds
133,9861
112.4351
146,4211
143,1711
6.553
16.5531
Net movement In funds
127,4331
118,9881
146,4211
143,1711
Reconciliation of funds
Total funds brought forward
105.048
62,613
167,661
210.832
Totsl funds Garried forward
19
77.615
43,625
121,240
167.661
Thè statement of financial activiti&8 includes all gains and losses recognised in the yèar.
All income and expenditure derwe from continuing actwrtie5.
The notes set out on pag&8 12-22 fom an Integral part of the accounts

The Feed Foundation
Consolidated Balance Sheet
Year ended 31 March 2024
Notes
2024
Charlty
2024
Group
2023
Charlty
2023
Group
FIx8d Assets
TaThg1b￿ fixed assets
7.533
13.820
14,940
25,288
7.533
13.820
14,940
25,288
Curr8nt A888ts
Stock
Dèbtors
Cash al bank and in hand
15
2.459
12.653
87.297
16.972
93.638
139.689
4,470
9,970
113,575
15,664
78,784
185,042
102.409
250.299
128,015
279,490
Credltors.. amounts falllng due
within one year
137.4921
1142.8791
127,7871
1137,1171
Net curreni assets
64.917
107.42D
100,228
142,373
Net assots
72.450
121,240
115,188
167,681
Funds of the charlty
Unrestricted funds
Restricted funds
20
20
28.825
43.625
77.615
43.625
58,859
56,309
105,048
62,613
Totsl charity fvnds
72.450
121.240
115,168
167,661
During the year, the charity made a deficit of £42.71812023.. £53,415) including gift aid from subsKliary of £19.95112023.. £16,272).
The$e financial $talements have been prepared in a¢¢ordan¢e with the provision$ appli¢abk to the ¢otnpanies subje¢t to stnall Gompanie$
regime.
These financial statements were approved by the board of trustees and authori5ed for issue ai/i?12024 and are signed on behalf of the
board by..
(LJis* CthL¥s
C J Chalmers
Trus18e
K Gessner
Trustee
The notes set out on pages 12-22 form an integr81 part of th& accounts

The Feed Foundation
Consolidated statement of cash flows
Year ended 31 March 2024
2024
2023
Cash flows from operating activities
Net lexpenditurel
146.4211
143.1711
AdjustnEnt5 for.
Depreciation of tangibk fixed assets
Loss on disposal of tangib￿ asset5
Int8r88t receivable
11,576
3.321
15,078
1991
Change5 In."
Stock
Trade and other debtors
Trade and other Gredilors
11.3081
114.8541
5,762
15,6591
114.4921
117.3261
Net cash lused inl operating activities
42.437
65.666
Cash fflow5 frorn investing activitie5
Purchase of tangib￿ asset8
Interest receivable
13.4291
513
115,6671
99
Net cash lused inl investing activities
2.916
15.568
Net Idecreasel in cash and cash equlvalent8
Cash and cash equlvalents at beglnnlng of year
145.3531
185.042
181,2341
266.278
Cash and ¢a$h equivalents at end t)f year
139.689
185.042
The n¢ite$ set out on page$ 12-22 ft)m an inlegrtl part of the a¢¢ounts
10

The Feed Foundation
Statement of cash flows
Year ended 31 March 2024
2024
2023
Cash flows from operating activities
Net lexpenditurel
142.7181
153.4151
AdjustnEnt5 for.
Depreciation of tangibk fixed assets
Loss on disposal of fixed a55ets
Int8r88t receivable
7,566
1.717
11,979
1991
Change5 In."
Stock
Trade and olh8r debtors
Trade and other creditors
2.011
12.6831
9.705
14.4701
7,439
25.405
Net Gash (used inl l frorn operating aGtivilie5
24.915
13.161
Cash flows from Invesuny acuvltles
Purchase of tangib￿ assets
Interest receivable
11.8761
513
12,3211
99
Net cash lused inl inv&sting activities
1.363
2.222
Net Idecreasol in cash and cash equivalents
Cash and cash equlvalents at beglnnlng of year
126.2781
113.575
115.3831
128,958
Cash and cash equlvalents at end of year
87.297
113.575
The ntste$ $et out on page$ 12-22 fom an inlegrtl part of the a¢¢ounts

The Feed Foundation
Notes to the financial statements
Year ended 31 March 2024
1 General Infomiatlon
The charity is a public benefit entity and a registered charity in England and Wales 8nd is unincorpor8ted.
The address of the registered office is The Feed Foundation, 65-65a Hsll Road, Noriwch, Norfolk, NR1 3HL.
The nature of the charivs operation5 and prinopal actwitie5 are outlineil wlhin the trustee5 report.
2 Ststement of compllance
The charty constitutes a public benefit entity a5 defined by FRS 102. The financial statements have been prepared in accordanGe
with Accounting and Reporting by Charities.. Statement of Recommended Pr8Ctice applicable to charities preparing their accounts
in accordanc8 with the Financial R8POrting Standard applicab￿ in the UK and Republic of Ireland issu8d in Octob&r 2019. the
FinanGial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland IFRS 1021. the Charities A¢t 2011 and UK
Generally Accepted Accounting Practice.
The financial statements have been prepar8d to give a 'truÈ and fair view and have departed from the Charities IAccounls and
Rèports) Regulations 2008 only to the extent required to provide a Irue and fair view,. This departure has inVo￿ed following the
Accounting and Reporting by Charities". Stslemenl of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Finan￿81 Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than
th8 Accounting and Reporting by Charities.. Statement of Recomm8nd8d Practi￿ eff8Ctive from 1 April 2005 which has since b8en
withdown.
3 Accounting policies
lal Basi5 of aGGountsng
The finanaal statements have been prepared under historical cost convention.
The pres&ntalion Currency of the charity is st&rling. which is the funthonal currency of the entity.
Ibl Group accounts
The financial statements consolidatè the resutts of the charity and its wholly owned Subsidiary The Feed Enterprises CIC on a line
by line ba515. A separate Stsletnenl of Financial Aclivilies for the charity has not been presented.
(GI Going GonGern
The financial statements have be&n prepared on a going conc*rn basis as the trustees belie¥e that no material uncertainties exist.
The trustees have Gonsidered the kvel of funds held and the experted ￿Ve1 of inGome and expenditure for 12 tnonths frotn
authorising these financial slalemenls. The budgeted income and expenditure is sufficient with the level of reserves for the charity
lo be 8bl8 to continu& as a going concern.
Idl Fund accountlng
Unrestricted funds are available for use at the discretion of th8 tru8tses lo further any of the group's pu￿0888.
Rèstricted funds are subjected to rèstrictions on their expenditur& declared by the donor or through the tenns of an appeal.
lel Inc¢)me
l income is inGluded in the Statement of finanGial aclivilies when entitlement has passed to the charity, it Is probable that the
economic benefits associated wlh the transaction will flow lo the charity and the amount can be reliabty messured. The following
SP8cific policies ar8 appl￿d lo particular cat8gori8s of income..
Oonalions and legacies are received by %vay of grants. donations and gifts and is included in full in the Statement of Financial
Activities when receivable. Grants, wh8r& 8nlitlement 18 not condrtional on the delivery of a specific performance by the charrty, are
recognised when the charity bècomes unconditionally entIt￿d lo the grant.
Income from charitable trading activity ar8 accounted for when earned.
Income from grants. where related to performance and sp8cific deliverables, are accounted for as the charity earns the rKJhl lo
ton$ideration by its performan￿.
Donated facilities and services are recognised in the accounts when received if the value can be reliably measured.
12

The Feed Foundation
Notes to the financial statements {continued}
Year ended 31 March 2024
3 A¢¢t>unting poli¢iÈs ¢ontinued
If> Expenditure
Expenditure 1$ retognised on an accruals basis as a liabilty 1$ incur￿d. Expenditure indudes any VAT whi¢h ¢annot be fvlly
recovered. and is classified under headings of the sl¥tement of financial activities to which it relates..
. Trading activit￿$ comprise th088 Costs Incurred by the charity In th& delivery of its activrti88 and services for its beneficiar￿8.
Charitable activitles comprise those c08t8 Incurred by the charity In th8 delivery of rt8 activit18$ 8nd services for it8 ben8ficiarie8.
charitab￿ a¢livily ¢osts in¢ludes both w$ts that ¢an be allo¢ated dire¢tly to su¢h a¢tivitE$ and those ¢osts of an indirett natu
necessary to support them.
Govemance costs indude those c08t8 associated wrth meeting the conslilutional and statutory requirements of the group and
include the audit fees and costs linked to the strategic manag&ment of the group.
All Gosts are allocaled between the expenditure Gategories of the Statement of Financial ActivitEs on a basis designed to refieGt
the use of the resource. Costs relating lo a particular activity are allocated directly, others 8re apportioned on an appropriate b881S.
Igl Tangible assets
Tangibk 85sets are initially recorded al cost. and subsequentty stsled at Gost ￿s5 any accutnulated depreryation and impairment
losses. Any tangible assets carned at revalued amounts are recorded al the fair value al the d8te of revaluation less any
subsequent 8ccumulaled depreci8tion and sub88qu&nt accumulated Impairment Ioss&8.
The capitalisation polity of the group is to capilalisè item$ ov&r £200.
Ihl Depreciation
DepreGiation is calculated $0 a$ to write off the ¢o$t or valuation of an as$el, less its residual value, over the useful e¢onomi¢ life of
that asset as follows..
Leasehold improvements
Catering equipment
Office equipment and IT
Motor vehicles
Straight line over the period of the lease
Straight line ov&r three years
Straight line over three years
Straight line over three years
lil StoGk
sto¢k$ are tnea$ured at the lower of wst and estitnated selling price le$$ ¢osts lo ¢omp￿te and sell. Cost in¢lude$ all ¢osts of
purchase, costs of conversion an(1 other costs incurred in bringing the stock lo rt5 present lo￿tIOn and condition.
(il Operating lease agreemerts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain wlh the lessor are
charg8d against profits on a straKJhl line basis ov&r th* period of the leas8.
Ikl Pensitsn
The Group operated a defined Contribution Scheme for employe&8. the assets of which are held separal&ly from those of the Group
in an independentty adtninistered fund. The pension c0515 In the aGGounls reflect the Gonlribulions made in the year.
111 Financial instruments
A financial asset or a financial liability is retognised onty wh&n the entity becomes a party to the contractual provisions of the
In5trurDent.
Basic financial instruments are initially recognised at the amount receivabk or payable including any related tran8action c08ts.
unless the arrangement constitutès a financing transaction. where it is recognised al the present value of th& future payments
discounted al 8 market rate of interest for a sitnilar debt instrument.
Curr&nt assets and current liabilities are subs8qu8nlly measured al the cash or olh&r consideration expected to be paid or received
and not discounted.
Dèbt Instruments are Subsequently measured at amortised cost.

The Feed Foundation
Notes to the financial statements
Year ended 31 March 2024
Unreslri¢tetl
Funds
Restricted
funds
Total Funds Unre$tri¢ted
2024
Funds
Re$lri¢ted
Funds
Total Funds
2023
4 Donatlons and 18gacles
Donations
22,816
22.816
45,484
10,000
55,484
Grants
Grants
95,192
189,683
284.875
123.430
245,369
368,799
118,008
189,683
307.691
168,914
255,369
424,283
During the year ended 31 March 2024 £25,67712023." £39.3731 of government funding was recewed.
Unrestricted
Funds
Restricted
Fund5
Total Funds Unrestricted
2024
Funds
Restricted
Funds
Total Funds
2023
5 Charitabl8 activities
Soual SupeTmatkel and Café
Other income
81,109
81.109
62.610
2,339
62,610
2,339
81.109
Unrestricted
Funds
Restricted
Funds
Totsl Fund5 Unr8Stricled
2024
Funds
Reslricled
Fund$
Total Funds
2023
6 Other trading activities
Café Income
Catering incorne
Kellle Partnership
N&W Mind Partnership
NUA Partnership
Fundr8ising and sponsorship
Support
Room Hirè
482,489
254,260
143,513
79,191
67,735
29,305
462.489
254.260
143.513
79.191
67.735
29.305
500.130
182.974
149,044
58.423
58.002
19.631
22,148
18.617
500,130
182,974
149,044
56,423
58,002
19,631
22,148
18,617
16,686
16.686
1,053,179
1.053.179
1.008.969
1,006,989
Unrestricted
Funds
Restricted
Funds
Totsl Fund5 Unrestricted
2024
Fijnds
Reslricled
Fund$
Total Funds
2023
7 Other trading aGtivitie5
Fundraising fees
Fundraising event costs
Consultancy fees and expen8e8
1,689
4,688
6,802
1.689
4.688
6.802
13.179
14

The Feed Foundations
Notes to the financial statements (continued)
Year ended 31 March 2024
Unrestri￿￿
Funds
Restricted Total Funds
Funds
2024
Unrestricted
Funds
Restricted
Funds
Total Funds
2023
8 ¢o$ts of other trading activitie$
Stsff costs
Direct costs
Premises costs
Administration costs
Professional fees
Goveman¢e costs
Depreciation
L05s on disposal of fixed assets
General costs
547,725
283,506
84,732
16.548
6.384
8.500
4,010
1,604
18,556
547,725
283,506
84,732
16,548
6,384
8,500
4,010
1,604
18,556
674,855
302,749
95,848
16,029
13,226
10,000
3,099
63,027
1,045
22
28
5,850
737,882
303,794
95,870
16,057
19,076
10,000
3,099
24,481
2,497
26,978
971,565
971,565
1.140,290
72,469
1.212,759
Unreslri¢ted
Funds
Restri¢ted Totsl Funds
Funds
2024
Unreslri¢ted
Funds
Restri¢ted
Funds
Total Funds
2023
9 Expenditu￿ on Charitsble a¢tivitie$
Staff costs
Direct costs
Premises costs
Administration Costs
ProfesslOn31 fees
Govemance costs
Depreciation
L08s on disposal of fixed as8ets
General costs
163,024
41,513
47.805
11.686
11,341
10,395
7,566
1.717
7.004
126,723
71,895
3.500
289,747
113,408
51,305
11,686
11,341
10,395
7,566
1,717
7,004
4,180
70,238
59,469
1,351
91,987
21,341
44,303
2,342
96,167
91,579
103,772
3,693
11,508
11,979
11,508
11,979
5.430
2.584
8.014
302,051
202.118
504.169
164.155
162.557
326.712

The Feed Foundation
Notes to the financial statements (continued}
Year ended 31 March 2024
9 Analysls of Governance costs
2024
2023
Auditors remuneratitrn- audit sÈtvite$- ¢harity
Auditors r8muneration- audit services- Subsidiary
Independent examin8tion fee5- prioryear under aGGrual
other non audit services
10.000
8.500
9.600
10,000
948
960
21.508
395
18.895
10 Net income
Net income is s18rted after chargingllcreditingl
2024
2023
Depreci8tion of tangibk fixed assets
Loss on dispDsal of fixed atsets
Operating lease cosls
11.576
3.321
35.130
15,078
34.150
11 Staff ¢o$ts
The total staff costs and Èmployee bènefits for the reporting period are analysed as follows."
2024
2023
Wages and salariès
Soaal security costs
Employer contributions to pension plans
780.130
43.942
13.400
837.472
771.710
49,712
12.627
834.049
Throughout the period the Trust employed the follovring number of employees on either a full time or part time basi5.
2024
2023
All oth&r staff
Sotyal supertnarket
47
49
46
No employee received employee ￿n￿[rtS of more than £SO.OOD during the year12023". no Èmployees).
Key Management Personnel
The Key Management Personnel include the Chief Executive togetherwith the Chief Opemting orriGer.
The total value of r8mun8ration and b&nefils received by Kay Managem&nt Personnel was £103,88912023.. £94.4521.
12 Trustee rernuneration and expenses
No Trustees re(*ived ￿MuneratIOn or expenses during the year12023 £Nill.
13 Audltor8 remuneratlon
2024
2023
Fees payable for the audit of the fin8ncial statements
18.500
19,600
Fees payable to the group auditor for other services..
Other non-audit Services (including independent examination fee
and prior year under accrual)
395
3.913
16

The Feed Foundation
Notes to the financial statements {continued}
Year ended 31 March 2024
14 Tanglble Flxed Assets- Charlty
Office
equipment
and IT
Leasehold
Catering
Improvements equipment
Motor
vehlclos
Totsl
Cost
As al 1 April 2023
Additions
Disposals
30.519
32.563
10,255
1,876
6661
10.600
83.937
1,876
135,822
130,192
14,9641
As a131 Mard) 2024
327
27.599
11,485
10,600
49.991
Depreciation
As al 1 April 2023
Charg8 for the period
Dèprèciation on disposals
29.367
23,806
5,027
14.7381
5,224
2,539
13261
10,600
68,997
7,566
134.1051
129.0411
As a131 March 2024
326
24,095
7,437
10,600
42,458
Net book value
As a131 March 2024
3,504
4,028
7,533
As al 31 March 2023
1.152
8.757
5,031
14.940
14 Tanglble Flxed Assets- Group
Office
quipm8nt
and IT
Leasehold
Catsrlng
Improvements equipment
Motor
vehicles
Total
Cost
As al 1 April 2023
Addition$
Disposals
30.519
43,140
903
13,897
2,526
942
10,600
98,156
3.429
38,264
30,192
As al 31 March 2024
327
36.913
15,481
10,600
63.321
Depreriation
As al 1 April 2023
Charge for the period
Depreciation on disposa18
29.367
26,570
7.954
6,331
3,622
595
10,600
72,868
11.576
34,943
29.041
As al 31 March 2024
326
29.217
9,358
10,600
49.501
Net book value
As al 31 March 2024
7,696
6,123
13,820
As al 31 March 2023
1.152
16.570
7,566
25.288

The Feed Foundation
Notes to the financial statements
Year ended 31 March 2024
15 Stock
2024
Chanty
2024
2023
Charity
2023
Group
Group
stock
2,459
16,972
4.470
15,664
2024
Charity
2024
Group
2023
Charity
2023
Group
16 Debtt>rs
Trade debtor5
P￿paYments and acuued income
Other debtors
57.649
2.229
33,760
93,638
220
1.500
8.250
9.970
46.092
1.500
31.192
78,784
1,881
10,792
12,653
2024
Chatlty
2024
Group
2023
Charrty
2023
Group
17 Creditors.. Amounts falling due within one year
Trade creditors
AccTuals 3nd deferred in¢ome
Soaal Security and oth&r taxes
Other creditors
Amounts owed to group undertakings
8,275
19,973
4,735
1,855
2,654
37,492
45,150
28.673
55,581
13.475
12.687
9.600
52.989
19.600
50,362
14.166
5.500
27.787
142.879
137.117
2024
Charity
2024
Group
2023
Charity
2023
Group
Deferred income brought fo￿ard
Rèleased during th& year
Deferred during the year
Deferred income carried forward
77.678
177.6781
200
200
Dèferred income represents grant and room hire incom& rec&ived in advante.
18 Pension and othèr post retirement benefits
The amount recognised in the statement of financial activitKVd in relation lo the defined contribution plan 18 £13,400 12023..
£12,6271.
18

The Feed Foundation
Notes to the financial statements {continued}
Year ended 31 March 2024
19 Analysis of charitable funds
Year onded 31 March 2024
InGorne
Expenditure
Trdn$fer5
At 31 MarGh
2024
2023
G&neral funds
105.048
1.252.809
11.288.795)
6.553
77.615
Restricted funds
Nomich Consolidated Charrties
NCF- Eilel Community First Revenue Fund
st Martins Housing Trust
Pathways Food Provision P05t Funding
Active Norfolk Big Holiday Fun
Childrens packed lunches
Handelsbanke
Hop&stead First Steps restricted funding
Hotspot 2023
Household Support Fund 5
Hubbub Community Fridge
Innovate UK Norfolk Cotntnunily Research Netwotk
Literacy project 2024
Make Someone's Xmas 2023
50.000
6.304
6.309
125,0001
25,QOO
16.3041
16.3091
5.079
18.377
776
1.292
5.000
10.000
2.000
60.000
5,000
5.771
2.383
3.800
500
4.936
10.000
500
2.400
4,000
22.500
12.500
829
16.086
1,033
189.683
123.4561
17761
12.2981
15.0001
1.006
1.889
12.0001
160.0001
5,QOO
4.185
2.383
11.5861
13.8001
15001
13.4361
17.6081
15001
12.4001
14,0001
122.5001
112.0301
1231
NCF- Adult Social Servi(*s Consultation Focus Group
NCF- l Love Norfolk Restricted Grant
NCF- NN Volunteer Ctrordinator restrided grant
NCF- Womens Focus Group
Norfolk CC- Park Run Funding
Norfolk and Waveney Community Voices
Nopwich City Council PHP Reslricled Funding
Nomich Freeman's First Steps Proi&ct
Nourish General Restricted Donations
Pathways Volunteer C(Fordinalor Funding
Social Supermarket Gen&ral R&stricted
1.500
2.392
470
806
1251
1.0331
1202.1181
62.613
16.5531
43.625
Total Funds
167.661
1.442.492
11.488.913)
121.239
Year ended 31 March 2023
Income
Expenditure
Transfers
At 31 March
2023
2022
General funds
168.562
1.240.931
11.304.445)
105.048
Restricted funds
Mills and Reev8
Birketls
Norwich City Council
CAF Resilience Fund
Hopestead
John Pinninglon
Nopwich Consolidated Charities
NCF- Eilel Community First Revenue Fund
NCF- Nourishing Norfolk Fund
NCF- Norfolk Household Support Fund
NCF- SuNiving Winter Fund
Snelling Charitable Trust
st Martins Housing Trust
3.025
5.000
34.245
13.0251
15.0001
159.2451
120.8781
110.0001
15,0001
125.0001
12,1961
131,5001
121,1001
12,0001
5,0001
145,0821
1235.0261
25.000
20,878
10.000
5,000
75.000
8.500
31,500
21.100
2,000
5.000
51.391
255.369
50.000
8.304
8.309
62.613
42.270
Total funds
210.832
1.496.300 11,539,4711
167.661
19

The Feed Foundation
Notes to the financial statements {continued}
Year ended 31 March 2024
19 Analysls of charltsble funds IcontlnL*dl
Mills and Re&ve and Birkalls funding was receiv8d in connection with the purchase of a food truck. howev8r change in
circumstanc&s ha$ Seèn this funding being repurposed to the Social SU￿rMalket.
Nonmth City Council - Hospitality Adaption Fund was reteivèd In connection with the Installation of a (anopy at the Foundation's
premises.
Nowch City Counul funding was received to fund the costs of selling up the Social Supemiarket.
CAF Resilien￿ Fund funding towards accounts support and wages and 8alarEs.
Nomich Consolidated Charities, NCF- Eilel Community First Revenue Fund, NCF- Su￿1Ving Winter Fund and Hop8stead funding
was recÈived towards the running costs of Social Supermark&t.
NCF. Nourishing Norfolk Fund funding received towards Social Supermarket wages and Salaries and cafe sel up.
NCF- Norfolk Hous&hold Support Fund funding rèceived towards Social Supermark&t running costs and shop vouchets to those in
need.
John Pinnington aD(I Snelling Charitable Trust funding reTrived towards Bloorn Project.
Sl Martins Housing Trust funding reTrived towards wages and salaries.
Palhways Food Provision Post Funding - Given for nourish set up costs. £18.377 spent on slaff G05ts. DBSlfood hygienelfirst a
training. food costs. room hire.
Active Norfolk Big Holiday Fun- £776 spent to be spent by March 2024. £776 Spent on staff c05t5. School hols cooking workshop.
Childrens packed lunche5- £1.292 given from Tesco's for packed lunches. Spent chil(IreD's packed lunches.
Handelsbanken £5k ￿t&￿￿ed. Pa￿ for proportion of sa12ry to proV￿e wellbèing and mental health support to our Community Hub
Metnbers.
Hope$lÈad First Steps
£10,000 for first st&ps programme. £8.111 spent on staff costs for First steps programme and
tnanagement charge with the balance to be spent during the year ended 31 March 2025.
Hotspot 2023- £2.000 to provide warm spa(* open to public. contribution to energy costs Spent by 3113124.
Hous8hok1 Support Fund 5- £60,000 sp&nt on Social sup&rmarkel credit vouchers and stock.
Hubbub Community Fridge - £5.000 for Cook Eat Grow to be spent before 2811112024. £5.000 lo be speDI on staff c05t5 for
fortnightly Cooking Class Cook Eat Grow.
Innovate UK Norfolk Community Research Network - £5,771 given for communrty research. £1,586 spent on staff costs with the
balance being Spent during th& year ended 31 March 2025.
Litera¢y projed 2024- £2,383 to run 12 month programme that started in September 2024. $0 ¢arried forward.
Make Someon&'s Xm88 2023 £2,800- mixture of individual giving, corporate donations and community fundraising. £1,000 from
Geoffrey Watling Charity. Giv&n for Christmas spending. Spent on toys. Christmas meal. Christmas grotto.
NCF-Adutt So¢ial Servi￿$ Consuhation Fo¢us Group- £500 given for fo¢u$ groups. £500 spent on $taff ¢osts.
NCF - l Love Norfolk - £4,936 to b8 sp&nl by March 2025 for community ski118 project. £3,436 spent on staff c08t8. equipment,
management charge. £1.SOD transferred to next financial year to be spent by March 2025 on staft tosts for community skills
NCF - NN Volunteer CO￿rdinal0r restricted grant £10.000 given for volunteer co-ordinator £7,608 Spent on staff costs with
balance to be spent during year ended 31 March 2025.
NCF- Womens Fo¢us Group- £500 given forwomen's fo¢u$ group. £500 Spent on staff ¢tr$ts.
Norfolk CC- P8rf< Run Funding - £2.400 given and sp8nt on phy8ical activrty and 80cial Inclusion programme.
Norfolk and Waveney Community Voices
£4,000 given for smoking cessation groups. £3,600 spent On staff costs, £400
management charge.
Nomich City Council PHP Funding- £22.500 sp8nl on Community Project Lead staff costs.
Notwch Freeman's First Steps Project- £12,500 given for First Steps Prograrntne. £11.250 spent on Community Project Lead staff
costs with balan￿ lo be spent in the year ended 31 March 2025.
Nourish Community fundraising and individual giving - £829 given for nourish programme. Spent on nourish project costs to b&
fully Spent by March 2025.
Pathways Volunteer Co-ordinator Funding £16,086 given for volunl88r cfrordinator role. £16,086 sp&nt on volunteer co-ordinator
role, spent by March 2024.
Soual Supermarket General Restricted - £1,033- of which £333 community fundraising. £100 corporate donation. £200 individual.
£400 from Spire Charitable Trusts. Received for social supemarftel project and spent by March 2024 on soaal supermarket.
Fund transfers
Transfets have been mad& between funds to represènt th& contribution mad& by unrestricted funds to restricted projects.
20

The Feed Foundation
Notes to the financial statements {continued)
Year ended 31 March 2024
20 Analysis of net assets betr￿￿n funds
As at 31 March 2024
Unrestricted RoStrictsd Total Funds
funds
fund8
2024
Fixed assets
Current a888ls
Creditors less than 1 year
13,820
206,674
1142,8791
13,820
250,299
1142,8791
43,825
Net as5et5
77,615
43,625
121.240
As at 31 March 2023
un￿striCted
funds
Restricted
funds
Total Funds
2023
Fixed assets
Current assets
Creditor5 less than 1 year
25,288
216,877
1137,1171
25.288
279.490
1137.1171
62,613
Net assets
105,048
62,613
167,661
21 Operatlng leasè commltments
The total future minimum kase payrnenls under non￿nce11ab1e operating leases are as follows..
2024
2023
No18ter than 1 year
Laterth8n 1 year and not later than 5 year5
33,980
110,453
34.380
40.183
144,433
74.563
22 Analy818 of chang8 In net debt
Cash flows At 31 March
2024
2023
Cash al bank and In hand
185,042
45,353
139.689
23 Related parti8s
During the year the charty Incurred 8xp8ndilure of £415 12023.. £3,214) for fr8e18nce finance $8rvic&s provided by Lisa Long, a
trustee and director of The Feed Enterprises CIC. Al th& y&ar end th& Trust owed £Nil12023'. £5901.
During the year the charity incurred expenditure of £Nil 12023.. £1,213) for heaYLh and safety servi￿5 provided by Essential Safety
and Environmental Solutions Limited, a mmpany in which Lisa Long's Itruslee and director of The Feed Enterprises CICI partner is
a director. At the year end the charity owed £NIl 12023.. £7201.
During the year. Julie Rainford's Itrustee resigned in year and director of The Feed Enterprises CICI husband volunteered for the
Foundation and received £26612023.. £Nill in expenses repayment for mileage.
24 Results of The Feed Foundation
During the year. the charity made a deficit of £42.718 including gift aid from The Feed Enterprise5 CIC of £19.95112023.. defiul of
£53.4151. The charity is not required lo produce their own Statement of Finanual Activities.
21

The Feed Foundation
Notes to the financial statements {continued)
Year ended 31 March 2024
24 Results of Th8 Feed Foundation
During the year. the charity made a deficit of £42.718 including gift aid from The Feed Enterprises CIC of £19.951 12023.. deficit of
£53.4151. The charty is not reqUi￿d lo produce their own StaiÈment of Financial Activities.
25 Subsldlary communlty Interest company
On 27 February 2014, The Feed EnleFpri5es CIC la comrnunity interest company, limited by guarantee) wa5 incotporaled. The Feed
Enletprises CIC registration number is 08915020. The Fee(1 Foundation holds all of the voting rights and h85 the right to appoint or
remove a Tllajority of ils board of directors. therefore The Feed Enterprises CIC is a subsidiary of The Feed Foundation. The Feed
Foundation is the speafied asset locked body of The Feed Ente￿rIseS CIC.
2024
2023
Gross income
Expenditure
1,025,299
1,239.275
11,009,051) 11,212,759)
Surplus before grft aid
16,248
26.516
Gift aid
116,2721
IDeficrtl I surplus after grft aid
3,703
10.244
2024
2023
Total asset5
156,e31
1108,0411
167.323
1114,8301
Total funds
48,790
52,493
22