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2022-04-30-accounts

CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

ANNUAL REPORT AND FINANCIAL STATEMENTS

For the year ended

30 April 2022

Charity No: 1178169

CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Annual Report and Financial Statements

Contents Page
Charity Reference and Administrative Details 1
Trustees’ Annual Report 2 – 5
Independent Auditor’s Report 6 - 11
Consolidated Statement of Financial Activities 12 - 13
Balance Sheets 14
Consolidated Statement of Cash Flows 15
Notes to the Financial Statements 16 – 29

CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Charity Reference and Administrative Details 30 April 2022

Charity number: 1178169
Trustees: B O'Doherty
R J Haigh
S Hosny
S Faragher
A Southern
K Mooney
Director: R Davison
Principal office: Unit 17
Deeside Enterprise Centre
Rowleys Drive
Shotton
CH5 1PP
Bankers: Santander UK plc
Liverpool Business Centre
7th Floor, No4 St Paul’s Place
Old Hall Street
Liverpool
Merseyside
Auditor: Mitchell Charlesworth (Audit) Limited
Accountants
5 Temple Square
Temple Street
Liverpool
L2 5RH

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CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Trustees’ Annual Report For the year ended 30 April 2022

The trustees present their report together with the audited financial statements of the charity for the year ended 30 April 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.

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 financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

Trustees of the charity

The trustees who have served during the year and since the year end were as follows:

B O’Doherty R J Haigh S Hosny S Faragher A Southern K Mooney

Governing document

The charity was registered on 30 April 2018 and is governed by a foundation model constitution adopted on the same date.

Objectives and activities

The objects of the charity are:

1. The prevention or relief of poverty in the United Kingdom by:-

2. To preserve and protect health for the public benefit by providing or assisting in the provision of education on healthy eating, training and other appropriate projects that enable individuals to be self-sufficient in gaining access to good food.

Review of activities

The charitable focus of the charity was through the following activities:

FoodStore:

The programme focuses on providing meals to households who are in food poverty. Each household receives 12 weeks support – 4 weeks free – 4 weeks at £10 per week and 4 weeks at £15 per week. The aim is to help households to transition away from food poverty into being ‘consumers of their own wellbeing’. A secondary aim of the approach is to steer households away from a dependency of ‘free-charity.’

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CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Trustees’ Annual Report (continued) For the year ended 30 April 2022

Slow Cooker programme:

We trained 140 people during the year. Each trainee received a free slow cooker and two family meals each week for a period of 4 weeks. At the end of each programme, we direct each trainee to become a shopper at our mobile shop.

Mobile Shop:

We opened our first mobile shop. The shop provides ‘corner shop’ options into rural villages that have no shopping option. The USP of the shop is our subsidised meals. Each meal we sell is subsidised to cost no more that £2. We see subsidy as being the most important step forward we have ever introduced, in helping to prevent hunger/poor diet.

The programme was funded with grants from:

Upgrade of production kitchen and meal development:

We have continued to upgrade our production kitchen in line with the needs of the business. Alonsgide, we have increased our range of meals available to the public. We now have over 60 meal types.

Well-Fed at Home:

We delivered over 12,000 meal boxes to households across the year. The approach will become an integral part of our meals on wheels offer ready to launch in 2022/23.

Commercial services:

We provide commercial catering services to:

The net profit from these services is applied to helping us assist families in food poverty.

Public benefit statement

The trustees have had due regard to the guidance published by the Charity Commission on public benefit.

Financial review

Income for the year was £1,588,704 (2021 £1,377,604) including capital grants of £30,018 (2021 £325,000). Funding is a mixture of both restricted and unrestricted with any unspent amounts at the balance sheet date being carried forward to be spent in the next financial year.

At 30 April 2022 total group reserves stood at £1,086,953 (2021 £882,813) of which £569,582 (2021 £556,722) were restricted and £517,371 (2021 £326,091) were unrestricted.

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CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Trustees’ Annual Report (continued) For the year ended 30 April 2022

Reserves policy

It has been agreed by the trustees that it is prudent to have a cash reserve to cover future uncertainties in unrestricted funding. At the current time, the charity is not in a position to hold a cash reserve but the trustees in conjunction with the management team are looking at ways to increase income that would generate reserves over the longer period.

Risk policy

The trustees have assessed the major risks to which the charity is exposed. A formal risk register is in place for food production systems and the extension to financial and other risks is ongoing. The trustees are satisfied that systems are in place to mitigate exposure to the risks identified.

Investment policy

Under the governing document, the charity has the power to invest in any way the trustees may lawfully choose.

Plans for the future

The plans for the immediate (1-2 year) future include:

We will take on producing meals at scale for schools. The profit here will enable us to help stop hunger in children.

Mobile Shops: We will introduce a second shop to the mobile approach. This will increase our coverage of isolated areas.

We are developing ‘MealLockers’ – we will have the protype ready in 2022/23.

Organisation

Structure, governance and management

The board of trustees administers the charity and meets at least four times a year.

A Director is appointed by the trustees to manage the day-to-day operations of the charity. To facilitate effective operations, the Board has delegated authority to the Director for all operational matters including finance, employment and performance related activity.

Policy on setting the remuneration of the Senior Management Team

The trustees consider the Director and the Senior Management Team to be the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day-to-day basis.

It is the charity’s policy to pay staff at rates reflecting the local market and in line with similar organisations.

Trustee appointment, induction and training

New trustees undergo an induction to brief them on:

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CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Trustees’ Annual Report (continued)

For the year ended 30 April 2022

Trustee appointment, induction and training

During the induction period board members arrangements are made for them to meet key employees and other trustees.

Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. The charity ensures adequate funds are available for trustees to undertake training in relation to their roles and responsibilities.

Trustees’ responsibilities statement

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 Accounting Practice).

Charity 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 period. In preparing these financial statements, the trustees are required to:-

The trustees are responsible for keeping proper 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. 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.

On Behalf of the Board

B O’Doherty Trustee 27 February 2023

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Mitchell Charlesworth (Audit) Limited

Accountants

5 Temple Square Temple Street Liverpool L2 5RH

CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Independent Auditor’s Report to the Trustees of Can Cook CIO and its subsidiary undertakings

Year ended 30 April 2022

Opinion

We have audited the financial statements of Can Cook CIO (the ‘parent charity’) and its subsidiaries (the ‘group’) for the year ended 30 April 2022 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Charity Balance Sheet, the Consolidated Statement of Cash Flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial 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 about the group’s or the parent chaity’s ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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Mitchell Charlesworth (Audit) Limited

Accountants

5 Temple Square · Temple Street · Liverpool · L2 5RH

CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Independent Auditor’s Report to the Trustees of Can Cook CIO and its subsidiary undertakings

Year ended 30 April 2022

Other information

The other information comprises the information included in the Trustees’ Annual Report, other than the financial statements and our Auditor’s Report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, 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 knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Other matters

The corresponding figures in the financial statements are unaudited.

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Mitchell Charlesworth (Audit)

Accountants

5 Temple Square · Temple Street · Liverpool · L2 5RH

CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Independent Auditor’s Report to the Trustees of Can Cook CIO and its subsidiary undertakings

Year ended 30 April 2022

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the group’s and parent charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in resect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

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Mitchell Charlesworth (Audit) Limited

Accountants

5 Temple Square · Temple Street · Liverpool · L2 5RH

CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Independent Auditor’s Report to the Members of Can Cook CIO and its subsidiary undertakings

Year ended 30 April 2022

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we considered the following:

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas:

(i) The presentation of the group and parent charity's Statement of Financial Activities, (ii) the charity's accounting policy for revenue recognition including capital grants, (iii) the overstatement of salary and other costs, and (iv) the understatement of creditors. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Charities Act, the Charities (Accounts and Reports) Regulations 2008 and the Statement of Recommended Practice - 'Accounting and Reporting by Charities' issued by the joint SORP making body.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the charity’s ability to operate or to avoid a material penalty. These included Food Hygiene Regulations.

·

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Mitchell Charlesworth (Audit) Limited

Accountants

5 Temple Square · Temple Street · Liverpool · L2 5RH

CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Independent Auditor’s Report to the Trustees of Can Cook CIO and its subsidiary undertakings

Year ended 30 April 2022

Audit response to risks identified

In addition to the above, our procedures to respond to risks identified included the following:

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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Mitchell Charlesworth (Audit) Limited

Accountants

5 Temple Square · Temple Street · Liverpool · L2 5RH

CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Independent Auditor’s Report to the Trustees of Can Cook CIO and its subsidiary undertakings

Year ended 30 April 2022

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Mitchell Charlesworth (Audit) Limited Accountants 3rd Floor Statutory Auditor 5 Temple Square Temple Street Liverpool 28 February 2023 Merseyside L2 5RH

Mitchell Charlesworth (Audit) Limited is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006 .

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CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Consolidated Statement of Financial Activities (including Income and Expenditure Account) For the year ended 30 April 2022

Restricted
Restricted
Notes
Unrestricted
Funds
Revenue
Funds
Capital
Funds
Income from:
£
£
£
Donations and legacies
2
2,551
-
-
Charitable activities
3
1,244,611
276,650
30,018
Other trading activities
4
583
-
-
Investments
5
348
-
-
Other
6
33,943
-
-
Total income
1,282,036
276,650
30,018
Expenditure on:
Charitable activities
7
1,090,756
229,650
64,158
Total expenditure
1,090,756
229,650
64,158
Net income/(expenditure)
10
191,280
47,000
(34,140)
Reconciliation of funds:
Total funds brought forward
19
326,091
98,500
458,222
Total funds carried forward
19
517,371
145,500
424,082		 2022
Total
£
2,551
1,551,279
583
348
33,943

1,588,704
1,384,564

1,384,564
204,140
882,813
1,086,953		 2021
Total
£
24,278
1,347,544
5,619
163
-
1,377,604
813,576
813,576
564,028
318,785
882,813

All income and expenditure derive from continuing activities.

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

The notes on pages 16 to 29 form part of these financial statements

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CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Consolidated Statement of Financial Activities (including Income and Expenditure Account) For the year ended 30 April 2022

Comparative information for the year ended 30 April 2021

Restricted
Restricted
Notes
Unrestricted
Funds
Revenue
Funds
Capital
Funds
Income from:
£
£
£
Donations and legacies
2
24,278
-
-
Charitable activities
3
555,427
467,117
325,000
Other trading activities
4
5,619
-
-
Investments
5
163
-
-
Total income
585,487
467,117
325,000
Expenditure on:
Charitable activities
7
423,605
354,117
35,854
Total expenditure
423,605
354,117
35,854
Net income/(expenditure)
10
161,882
113,000
289,146
Transfers between funds
-
(21,500)
21,500
161,882
91,500
310,646
Reconciliation of funds:
Total funds brought forward
19
164,209
7,000
147,576
Total funds carried forward
19
326,091
98,500
458,222		 2021
Total
£
24,278
1,347,544
5,619
163
1,377,604
813,576
813,576
564,028
-
564,028
318,785
882,813

All income and expenditure derive from continuing activities.

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

The notes on pages 16 to 29 form part of these financial statements

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CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Balance Sheets As at 30 April 2022

Notes
Fixed assets
Tangible assets
14
Investments
15
Current assets
Debtors
16
Cash at bank and in hand
Creditors
Amounts falling due within one year
17
Net current assets
Net assets
Funds
Unrestricted funds
19
Restricted funds
19
Total funds
20		 Group
2022
2021
£
£
505,465
515,349
-
-


505,465
515,349
209,540
278,185
725,243
442,849


934,783
721,034
(353,295)
(353,570)
581,488
367,464
1,086,953
882,813

517,371
326,091
569,582
556,722


1,086,953
882,813
 Charity
2022
2021
£
£
35,909
46,186
101
101

36,010
46,287
10,634
183,951
313,937
135,716

324,571
319,667
(161,715)
(247,630)
162,856
72,037
198,866
118,324

17,458
(22,209)
181,408
140,533

198,866
118,324

The financial statements on pages 12 to 29 were approved by the Board of Trustees and authorised for issue on 27 February 2023 and signed on its behalf by:

B O’Doherty Trustee

Company Registration Number: 04587220

The notes on pages 16 to 29 form part of these financial statements

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CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Consolidated Statement of Cash Flows For the year ended 30 April 2022

Notes
Cash flow from operating activities
22
Corporation tax received
Cash flow from investing activities
Proceeds of disposal of tangible fixed assets
Capital grants received
Payments to acquire tangible fixed assets
Interest received
Net cash flow from investing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at 1 May 2021
Cash and cash equivalents at 30 April 2022
Cash and cash equivalents consists of:-
Cash at bank
Cash in hand
Cash and cash equivalents at 30 April 2022		 2022
£
292,556

33,943

627
30,018
(75,098)
348

(44,105)
282,394
442,849

725,243

724,963
280

725,243
 2021
£
131,824
-
8,178
325,000
(406,705)
163
(73,364)
58,460
384,389
442,849
440,183
2,666
442,849

The notes on pages 16 to 29 form part of these financial statements

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CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Notes to the Financial Statements For the year ended 30 April 2022

1. Summary of significant accounting policies

General information and basis of preparation

Can Cook CIO is a charity registered in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the principal office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are described in the Trustees’ Report on page 4.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice.

The financial statements have been prepared to give a ‘true and fair’ view and 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 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) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the charity, and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Funds

Unrestricted funds are funds available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

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CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Notes to the Financial Statements For the year ended 30 April 2022

1. Summary of significant accounting policies (continued)

Income recognition

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees’ Annual Report.

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to special performance conditions and is recognised as earned as the related services are provided. Grant income included in this category provides funding to support performance activities and is recognised when there is entitlement, certainty of receipt and the amounts can be measured with sufficient reliability.

Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

Support costs allocation

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a pro-rata basis consistent with use of the resources.

The analysis of these costs is included in note 8 .

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Notes to the Financial Statements For the year ended 30 April 2022

1. Summary of significant accounting policies (continued)

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Individual assets are capitalised on the balance sheet where their cost exceeds £500.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Computer and other equipment 25-33% per annum Fixtures and fittings 25% per annum Refurbishment costs 5% per annum

Investments

Investments in subsidiaries are measured at cost less impairment.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Provisions

Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

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.

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CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Notes to the Financial Statements For the year ended 30 April 2022

1. Summary of significant accounting policies (continued)

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.

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 receipts 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.

Leases

Rentals payable and receivable under operating leases are charged to the SoFA on a straight line basis over the period of the lease.

Employee benefits

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1, Schedule 6 of the Finance Act 2010 and therefore meets the definition of a charitable company for UK corporation tax purposes.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties, including those arising from COVID-19 exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

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Notes to the Financial Statements For the year ended 30 April 2022

2.
Income from donations and legacies
Grants receivable
Coronavirus Job Retention Scheme
Coronavirus Discretionary Support
Donations
3.
Income from charitable activities
Unrestricted
Restricted
£
£
Grants receivable
People’s Postcode Lottery
-
-
ClwydAlyn Housing Limited
-
100,000
Flintshire County Council
-
5,000
Flintshire County Council - capital
-
30,018
Steve Morgan Foundation
-
-
Reach Fund
-
7,000
Moondance Foundation
-
47,000
Big Lottery
-
16,350
Tesco Community
-
-
Welsh Government – capital
-
-
Welsh Government
-
81,300
Betsi Cadwaladr – University Local
Health Board
-
-
The Key Fund
-
-
Food Power
-
20,000
Food contracts and project income
1,244,611
-

1,244,611
306,668		 Unrestricted Funds
2022
2021
Total
Total
£
£
105
11,482
-
10,000
2,446
2,796

2,551
24,278

2022
2021
Total
Total
£
£
-
19,900
100,000
91,667
5,000
110,000
30,018
-
-
2,500
7,000
-
47,000
150,000
16,350
74,050
-
1,166
-
300,000
81,300
-
-
28,000
-
46,000
20,000
-
1,244,611
524,261
1,551,279
1,347,544		 Funds
2021
Total
£
11,482
10,000
2,796
24,278

£792,117 of the above income in 2021 was attributable to restricted funds and £555,427 of the above income in 2021 was attributable to unrestricted funds.

4. Income from other trading activities

4.
Income from other trading activities
Other trading income
5.
Income from investments
Bank interest receivable		 Unrestricted Funds
2022
2021
Total
Total
£
£
583
5,619

Unrestricted Funds
2022
2021
£
£
348
163

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Notes to the Financial Statements For the year ended 30 April 2022

6.
Other income




Corporation tax refund




7.
Analysis of expenditure on charitable activities

Direct costs
Support costs (see note 8)

8.
Allocation of support costs
Governance (see note 9)
Depreciation
Loss/(surplus) on disposal of tangible fixed assets
Legal and professional
Information technology
Advertising and marketing
Telephone
Printing and stationery
Other
9.
Governance costs
Auditors’ remuneration
Accountancy
10.
Net income/(expenditure) for the year
This is stated after charging:-
Depreciation of tangible fixed assets
Loss/(surplus) on disposal of tangible fixed assets
Auditors’ remuneration - audit
Auditors’ remuneration – non audit fees
Operating lease rentals		 Unrestricted Funds
2022
2021
£
£
33,943
-

2022
2021
Total
Total
£
£
1,267,240
764,968
119,010
48,608

1,386,409
813,576

2022
2021
£
£
28,066
22,810
8,216
2,913
2,029
(6,175)
10,973
13,770
14,778
1,854
44,537
7,670
5,382
3,679
1,710
515
3,319
1,572

119,010
48,608

2022
2021
£
£
5,000
4,000
23,066
18,810

28,066
22,810

2022
2021
£
£
82,326
37,260
2,029
(6,175)
5,000
4,000
12,291
10,650
12,803
25,220

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Notes to the Financial Statements For the year ended 30 April 2022

11. Taxation

The company is exempt from corporation tax on its charitable activities.

12. Trustees’ and key management personnel remuneration and expenses

The trustees neither received nor waived any remuneration during the year (2021 - £Nil).

The trustees did not have any expenses reimbursed during the year (2021 - £Nil).

The key management personnel of the charity comprise the Director (acting as Chief Executive), Head Chef and Trainer, Office Manager and Communities Programme Manager.

The total amount of employee benefits received by the key management personnel is £143,735 (2021 - £139,002).

13. Staff costs and employee benefits

Number of employees

The average monthly number of employees during the year was as follows:-

Total
The total staff costs and employee benefits were as follows:-
Wages and salaries
Social security costs
Defined contribution pension costs		 2022
Number
15

2022
£
264,306
16,666
4,698

285,670
 2021
Number
12
2021
£
242,694
13,859
4,418
260,971		 2021
Number
12
2021
£
242,694
13,859
4,418
260,971
260,971

There were no employees receiving benefits (excluding employer pension costs) in excess of £60,000 per annum (2021 - Nil).

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Notes to the Financial Statements

For the year ended 30 April 2022

14.
Tangible fixed assets
Leasehold
improvements
Kitchen
equipment
Office
equipment
Group
£
£
£
Cost
At 1 May 2021
92,318
336,669
45,593
Additions
11,655
2,847
5,957
Disposals
-
(6,628)
-
At 30 April 2022
103,973
332,888
51,550
Depreciation
At 1 May 2021
8,572
73,885
9,259
Charge for the year
10,106
31,666
8,216
Released on disposals
-
(3,972)
-
At 30 April 2022
18,678
101,579
17,475
Net book value
At 30 April 2022
85,295
231,309
34,075


At 30 April 2021
83,746
262,784
36,334


Charity
Cost
At 1 May 2021 and at 30 April 2022
Depreciation
At 1 May 2021
Charge for the year
At 30 April 2022
Net book value
At 30 April 2022
At 30 April 2021		 Motor
vehicles
£
140,371
54,639
-

195,010
7,886
32,338
-

40,224
154,786

132,485

Motor
vehicles
£
51,385
5,199
10,277

15,476
35,909

46,186
 Total
£
614,951
75,098
(6,628)
683,421
99,602
82,326
(3,972)
177,956
505,465
515,349
Total
£
51,385
5,199
10,277
15,476
35,909
46,186

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Notes to the Financial Statements For the year ended 30 April 2022

15. Fixed asset investments

Shares in
subsidiary
undertakings
£
At 1 May 2021 and
at 30 April 2022 101

Details of the charity’s subsidiaries at 30 April 2022 are as follows:

Name of undertaking
Registered office
Can Cook (Food) Limited
England and Wales
Well-Fed (Services) Limited
England and Wales
Can Cook (Food) Limited
Well-Fed (Services) Limited
16 .
Debtors
Trade debtors
Other taxes
Other debtors
Prepayments and accrued income
Amounts due from group undertakings		 % of class
% of voting
Class of shares held
of shares
rights
‘A’ Ordinary
100
76
Ordinary
100
100
Profit for
Capital and
year
reserves
£
£
43,693
310,137
190,602
190,603
Group
Charity
2022
2021
2022
2021
£
£
£
£
154,204
149,954
-
-
11,891
58,814
5,089
52,512
35,310
57,895
-
-
8,135
11,522
5,545
5,147
-
-
-
126,292

209,540
278,185
10,634
183,951

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Notes to the Financial Statements

For the year ended 30 April 2022

17.
Creditors: Amounts falling due within one year
Group
2022
2021
£
£
Trade creditors
161,810
183,708
Amounts owed to group undertakings
-
-
Other tax and social security costs
4,074
275
Accruals and deferred income
180,100
138,206
Other creditors
7,311
31,381
353,295
353,570
18.
Deferred income
Group
2022
2021
£
£
At 1 May 2021
131,350
196,494
Additions during the year
170,000
131,350
Amounts released to income
(131,350)
(196,494)
At 30 April 2022
170,000
131,350		 Charity
2022
2021
£
£
4,918
5,360
83,097
216,670
-
-
66,950
18,850
6,750
6,750

161,715
247,630

Charity
2022
2021
£
£
16,350
-
60,000
16,350
(16,350)
-

60,000
16,350

Deferred income represents grants and contract income received in advance from various sources.

19. Fund reconciliation

Unrestricted funds
As at
01.05.21
Income
Expenditure
Transfers
Group
£
£
£
£
General funds
326,091
1,282,036
(1,090,756)
-


Charity
General funds
(22,209)
86,577
(46,910)
-		 As at
30.04.22
£
517,371
17,458

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Notes to the Financial Statements For the year ended 30 April 2022

19. Fund reconciliation (continued)

Restricted funds

Group
ClwydAlyn Housing Limited
Flintshire County Council
Flintshire County Council - capital
Liverpool City Council - capital
Reach Fund
Big Lottery
Moondance Foundation
Welsh Government - capital
Welsh Government
Food Power
Charity
Reach Fund
Big Lottery
Moondance Foundation
Comparative information in respect of
Unrestricted funds
Group
General funds
Charity
General funds		 As at
01.05.21
Income
Expenditure
£
£
£
-
100,000
(100,000)
-
5,000
(5,000)
129,131
30,018
(20,127)
2,210
-
(635)
-
7,000
(7,000)
21,250
16,350
(18,175)
119,283
47,000
(4,300)
284,848
-
(37,271)
-
81,300
(81,300)
-
20,000
(20,000)
556,722
306,668
(293,808)
-
7,000
(7,000)
21,250
16,350
(18,175)
119,283
47,000
(4,300)
140,533
70,350
(29,475)
the preceding period is as follows:
As at
01.05.20
Income Expenditure
£
£
£
164,209
585,487
(423,605)
(83,097)
61,088
(200)		 Transfers
£
-
-
-
-
-
-
-
-
-
-

-

-
-
-

-

Transfers
£
-

-		 As at
30.04.22
£
-
-
139,022
1,575
-
19,425
161,983
247,577
-
-
569,582
-
19,425
161,983
181,408
As at
30.04.21
£
326,091
(22,209)

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Notes to the Financial Statements For the year ended 30 April 2022

19. Fund reconciliation (continued)

Restricted funds

Group
ClwydAlyn Housing Limited
Flintshire County Council
Flintshire County Council - capital
Liverpool City Council - capital
People’s Postcode Lottery
Steve Morgan Foundation
Reach Fund
Big Lottery
Moondance Foundation
Welsh Government
Betsi Cadwaladr - University Local
Health Board
The Key Fund
Charity
Steve Morgan Foundation
Reach Fund
People’s Postcode Lottery
Big Lottery
Moondance Foundation		 As at
01.05.20
£
-
-
142,648
4,928
-
-
7,000
-
-
-
-
-
154,576
-
7,000
-
-
-
7,000		 Income
Expenditure
£
£
91,667
(91,667)
110,000
(110,000)
-
(13,517)
-
(2,718)
19,900
(19,900)
2,500
(2,500)
-
(7,000)
74,050
(52,800)
120,000
(717)
300,000
(15,152)
28,000
(28,000)
46,000
(46,000)
792,117
(389,971)
2,500
(2,500)
-
(7,000)
19,900
(19,900)
74,050
(52,800)
120,000
(717)
216,450
(82,917)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-

-

-
-
-
-
-

-		 As at
30.04.21
£
-
-
129,131
2,210
-
-
-
21,250
119,283
284,848
-
-
556,722
-
-
-
21,250
119,283
140,533

ClwydAlyn Housing Limited – has provided a contribution to the running costs of Well-Fed Services Limited and the slow cooker programme.

Flintshire County Council – has provided a contribution to fund the response to the additional needs arising from the COVID-19 pandemic.

Flintshire County Council – capital – a capital contribution towards the relocation of the production kitchen from Liverpool to Flintshire.

Liverpool City Council – Summer Lunch Scheme - a contribution the running costs towards feeding children in during school holidays.

Liverpool City Council – capital - a contribution towards additional capital investment.

People’s Postcode Lottery and Liverpool City Council – provided funding as a contribution towards the slow cooker programme.

Steve Morgan Foundation – funded a member of staff to manage the Good Food Hubs programme in deprived areas.

Reach Fund – has provided funding to retain a consultant to assist with fundraising and investment proposals.

Big Lottery - Grant to support the production and delivery of meals to people shielding during the first lockdown period of Covid.

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Notes to the Financial Statements For the year ended 30 April 2022

19. Fund reconciliation (continued)

Moondance Foundation – provided funding to assist with our Covid response, delivering meals to families shielding during the pandemic.

Welsh Government – provided capital funding for the design and upgrade to the kitchen facilities. This has enabled the group to increase the capacity of our food production.

Betsi Cadwaladr – University Local Health Board – Funding to support the delivery of a slow cooker programme together with fresh meals to the community of Plas Madoc in Wrexham, North Wales.

The Key Fund - Grant to support some staff salaries and help Can Cook (food) overcome the impact of the initial Covid measures.

20.
Analysis of net assets between funds
Unrestricted
funds
Restricted
Revenue funds
Restricted
capital funds
Fund balances at 30 April 2022 are represented by:
£
£
£
Group
Tangible fixed assets
81,383
-
424,082
Net current assets
435,988
145,500
-

517,371
145,500
424,082

Charity
Tangible fixed assets
-
-
35,909
Investments
101
-
-
Net current assets
17,357
145,499
-

17,458
145,499
35,909		 Total
£
505,465
581,488		 Total
£
505,465
581,488
1,086,953
35,909
101
162,856
198,866

Comparative information in respect of the preceding period is as follows:

Unrestricted
funds
Restricted
revenue funds
Restricted
capital funds
Fund balances at 30 April 2021 are represented by:
£
£
£
Group
Tangible fixed assets
68,632
-
446,717
Net current assets
257,459
98,500
11,505

326,091
98,500
458,222		 Total
£
515,349
367,464
882,813

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Notes to the Financial Statements For the year ended 30 April 2022

20.
Analysis of net assets between funds
(continued)
Unrestricted
funds
Restricted
revenue funds
Restricted
capital funds
£
£
£
Charity
Tangible fixed assets
4,153
-
42,033
Investments
101
-
-
Net current assets/(liabilities)
(26,463)
98,500
-

(22,209)
98,500
42,033

21.
Reconciliation of net movement in funds to net cash flow from operating
activities
2022
£
Net income/(expenditure) for year
204,140
Depreciation of tangible fixed assets
82,326
Loss/(Surplus) on disposal of tangible fixed assets
2,029
Corporation tax receivable
(33,943)
Capital grants receivable
(30,018)

Interest receivable
(348)
Decrease/(Increase) in debtors
68,645

(Decrease)/Increase in creditors
(275)

Net cash flow from operating activities
292,556
 Total
£
46,186
101
72,037
118,324
2021
£
564,028
37,260
(6,175)
-
(325,000)
(163)
(204,937)
66,811

131,824

22. Financial commitments

The charity had capital commitments of £Nil at 30 April 2022 (2021 - £Nil).

23. Operating lease commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

Within one year
Two to five years
Total		 Group
Charity
2022
2021
2022
2021
£
£
£
£
3,840
4,662
-
-
-
3,840
-
-



3,840
8,502
-
-

24. Related party transactions

There were no related party transactions during the year (2021 - £Nil).

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