## **CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS**
**ANNUAL REPORT AND FINANCIAL STATEMENTS**
**For the year ended**
**30 April 2023**
**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 2023**
|**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 2023**
The trustees present their report together with the audited financial statements of the charity for the year ended 30 April 2023. 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:-
- Providing fresh meals to individuals in need and working with charities or other organisations working to prevent or relieve poverty;
- Undertaking and supporting research into the causes and effects of poverty and publishing the useful results for the public benefit.
**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 charity has two subsidiary trading arms. The trading delivery for this financial year, mainly focused on one subsidiary – Well-Fed (Services) Limited. This is of note, because nine months development activity/resource was allocated to the work of Well-Fed and in particular, its intended work in the school food arena. This work was eventually lost, with only spurious reasoning provided by the nominated partner Flintshire County Council. The outcome was a considerable negative impact on our in-year capacity to retain all social impact services at their existing levels. Changes were made and are reflected below.
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**CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS**
**Trustees’ Annual Report (continued) For the year ended 30 April 2023**
The charitable focus of the charity was through the following activities:
## **FoodStore:**
The FoodStore was an important part of our anti-food poverty approach, but as the service operated in partnership with Flintshire County Council, the serviced stopped to coincide with the failure to secure the intended school food work described above.
## **Slow Cooker programme:**
We continue to offer the slow cooker service and it demonstrates high social impact. We provided training programmes (10 people each time) in new locations each month. Retention for each programme across the year, was 98% which demonstrates both the importance and impact each programme provides.
Each programme is 4 weeks in duration and each trainee receives
- A free slow cooker
- 2 free slow cooker meals each week and;
- Cooking training
Looking ahead we plan to increase the service offer to two training programmes each month and widen the reach, retaining North Wales as a focus but also moving into the Manchester region of England.
## **Mobile Shop:**
We have two mobile shops. The shops provide ‘corner shop’ options into rural villages that have no shopping option. The shops provide all of the staple items a household would require. The USP of the shops is our approach to subsidised fresh meals. Each meal we sell is subsidised to cost no more that £2. We see subsidy as being the most important social impact step forward we have ever introduced, in helping to prevent hunger and poor diet.
The shops cover 22 areas or locations which previously had no access to healthier fresh meals. Our intention is to introduce a new shop each year and extend our reach into 50 communities, with plans already in place to introduce a 3rd shop in 2023/24.
The programme was funded with grants from:
- Moondance Foundation
- Welsh National Lottery
- ClwydAlyn Housing Association and;
- • Our own income
## **Upgrade of production kitchen and meal development:**
Our production kitchen is the hub of all of our services. We are able to produce over 12,000 meals per week from our current kitchen and have plans to extend the provision further in the coming years. The health of everyone we work with is our primary charitable aim and the kitchen enables us to create the food changes the households we work with require. We are already the only fresh meal provider in the UK focused on better health for households and as a consequence, the recruitment and training is a key aspect of what we do. We never use volunteers, preferring to pay staff for their services. As the kitchen grows, so will the need for staff. Alongside, we will remain progressive in the food/meal service space and withing the next 12 months will become the only UK based meal provider to be Ultraprocessed free – achieving this status will mean significant health benefits for all of the households we work with.
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## **CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS**
## **Trustees’ Annual Report (continued) For the year ended 30 April 2023**
## **Well-Fed at Home:**
This service is how we have re-imagined Meals on Wheels. We have created an approach of FoodCentres – places where households can go to order meals for themselves, their families, their friends and/or their neighbours. The service benefits from our meal subsidy approach, making meals affordable to everyone and provides products such as ready meals, soups and cook-at-home meals to benefit all ages and all cooking abilities. This approach also uses the provision of meals to connect households to further support they may need.
We now operate the service into 7 centres with the focus being 20 centres within the next financial year.
## **Commercial services:**
We provide commercial catering services to:
- 9 care homes (400 adults)
## **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 £2,060,360 (2022 £1,588,704) including capital grants of £99,652 (2022 £30,018). 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 2023 total group reserves stood at £1,317,970 (2022 £1,086,953) of which £721,119 (2022 £569,582) were restricted and £596,851 (2022 £517,371) were unrestricted.
## **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.
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**CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS**
## **Trustees’ Annual Report (continued) For the year ended 30 April 2023**
## **Plans for the future**
For the next 2-3 years we will:
- Launch our Meallockers: The target is 10 across the 2 year period.
- Launch our Vending service: Again, with 10 locations/systems to be delivered/serviced.
- Increase our Mobile Shop service from the current 2 shops to 4 by 2025.
## **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:
- Their legal obligations under charity and company law
- The content of the governing document
- Decision making processes
- The business plan
- Recent financial performance of the charity
- • The Code of Conduct for Board Members
- Their responsibilities for safeguarding children
**5 | P a g e**
## **CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS**
## **Trustees’ Annual Report (continued)**
## **For the year ended 30 April 2023**
## **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:-
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP 2019;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping 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 23 February 2024
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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 2023**
## **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 2023 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:
- give a true and fair view of the state of the group’s and parent charity’s affairs as at 30 April 2023, and of the group’s incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **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 2023**
## **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:
- the information in the financial statements is inconsistent in any material respect with the trustees’ report, or
- • sufficient accounting records have not been kept by the parent charity, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent charity’s financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **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.
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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 2023**
## **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 2023**
## **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:
- the nature of the industry and sector, control environment and business performance;
- the charity's own assessment of the risks that irregularities may occur either as a result of fraud or error;
- the results of our enquiries of management and members of the Board of Trustees of their own identification and assessment of the risks of irregularities;
- any matters we identified having obtained and reviewed the charity’s documentation of their policies and procedures relating to:
- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;
- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and
- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and
- the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
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) 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 and Data Protection 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 2023**
## **Audit response to risks identified**
In addition to the above, our procedures to respond to risks identified included the following:
- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations described above as having a direct effect on the financial statements;
- enquiring of management and members of the Board of Trustees concerning actual and potential litigation and claims;
- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
- reading minutes of meetings of those charged with governance and reviewing correspondence with relevant authorities where matters identified were significant;
- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
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 2023**
## **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 23 February 2024 Merseyside L2 5RH
Mitchell Charlesworth (Audit) Limited is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006 **.**
**12 | P a g e**
## **CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS**
## **Consolidated Statement of Financial Activities (including Income and Expenditure Account) For the year ended 30 April 2023**
|**Restricted**
**Restricted**
**Notes**
**Unrestricted**
**Funds**
**Revenue**
**Funds**
**Capital**
**Funds**
**Income from:**
**£**
**£**
**£**
Donations and legacies
2
3,016
-
-
Charitable activities
3
1,396,980
548,816
99,652
Other trading activities
4
417
-
-
Investments
5
11,479
-
-
Other
6
-
-
-
**Total income**
1,411,892
548,816
99,652
**Expenditure on:**
Charitable activities
7
1,327,469
418,870
78,061
Other expenditure
5,000
-
-
**Total expenditure**
1,332,469
418,870
78,061
**Net income/(expenditure)**
10
79,423
129,946
21,591
**Reconciliation of funds:**
Issue of shares to non-
controlling parties
57
-
-
**Total funds brought forward**
19
517,371
145,500
424,082
**Total funds carried forward**
19
596,851
275,446
445,673|**2023**
**Total**
**£**
3,016
2,045,448
417
11,479
-
2,060,360
1,824,400
5,000
1,829,400
230,960
57
1,086,953
1,317,970|**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|
|---|---|---|
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
**13 | P a g e**
## **CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS**
**Consolidated Statement of Financial Activities (including Income and Expenditure Account) For the year ended 30 April 2023**
## **Comparative information 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|
|---|---|
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 2023**
|**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
Funds attributable to non-controlling parties
**Total funds**
20|**Group**
**2023**
**2022**
**£**
**£**
583,741
505,465
-
-
583,741
505,465
133,357
209,540
926,626
725,243
1,059,983
934,783
(325,754)
(353,295)
734,229
581,488
1,317,970
1,086,953
246,794
167,371
721,119
569,582
967,913
736,953
350,057
350,000
1,317,970
1,086,953|**Charity**
**2023**
**2022**
**£**
**£**
77,437
35,909
101
101
77,538
36,010
17,253
10,634
690,180
313,937
707,433
324,571
(245,510)
(161,715)
461,923
162,856
539,461
198,866
190,387
17,458
349,074
181,408
539,461
198,866
-
-
539,461
198,866|
|---|---|---|
The financial statements on pages 12 to 29 were approved by the Board of Trustees and authorised for issue on 23 February 2024 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 2023**
|**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**
**Cash flow from financing activities**
Issue of share capital to non-controlling parties
**Net increase in cash and cash equivalents**
Cash and cash equivalents at 1 May 2022
Cash and cash equivalents at 30 April 2023
Cash and cash equivalents consists of:-
Cash at bank
Cash in hand
Cash and cash equivalents at 30 April 2023|**2023**
**£**
329,891
-
9,849
50,000
(199,893)
11,479
(128,565)
57
201,383
725,243
926,626
925,883
743
926,626
|**2022**
**£**
292,556
33,943
627
30,018
(75,098)
348
(44,105)
-
282,394
442,849
725,243
724,963
280
725,243|
|---|---|---|
The notes on pages 16 to 29 form part of these financial statements
**16 | P a g e**
**CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS**
**Notes to the Financial Statements For the year ended 30 April 2023**
## **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.
**17 | P a g e**
**CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS**
**Notes to the Financial Statements For the year ended 30 April 2023**
## **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:
- Cost of raising funds includes costs incurred in running fundraising events.
- Expenditure on charitable activities includes costs incurred in the provision of education, health and social inclusion activities.
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 .
**18 | P a g e**
**CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS**
**Notes to the Financial Statements For the year ended 30 April 2023**
## **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.
**19 | P a g e**
**CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS**
**Notes to the Financial Statements For the year ended 30 April 2023**
## **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.
**20 | P a g e**
**CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS**
## **Notes to the Financial Statements For the year ended 30 April 2023**
|**2.**
**Income from donations and legacies**
Grants receivable
Coronavirus Job Retention Scheme
Donations
**3.**
**Income from charitable activities**
**Unrestricted**
**Restricted**
**£**
**£**
Grants receivable
ClwydAlyn Housing Limited
-
100,000
Flintshire County Council
-
265,000
Flintshire County Council - capital
50,000
Parc Adler
10,000
Reach Fund
-
-
Moondance Foundation
-
156,050
Big Lottery
-
67,418
Welsh Government
-
-
Food Power
-
Food contracts and project income
1,396,980
-
1,396,980
648,468|**Unrestricted Funds**
**2023**
**2022**
**Total**
**Total**
**£**
**£**
-
105
3,016
2,446
3,016
2,551
**2023**
**2022**
**Total**
**Total**
**£**
**£**
100,000
100,000
265,000
5,000
50,000
30,018
10,000
-
-
7,000
156,050
47,000
67,418
16,350
-
81,300
-
20,000
1,396,980
1,244,611
2,045,448
1,551,279|**Funds**
**2022**
**Total**
**£**
105
2,446
2,551|
|---|---|---|
£306,668 of the above income in 2022 was attributable to restricted funds and £1,244,611 of the above income in 2022 was attributable to unrestricted funds.
|**4.**
**Income from other trading activities**
Other trading income
**5.**
**Income from investments**
Bank interest receivable|**Unrestricted Funds**
**2023**
**2022**
**Total**
**Total**
**£**
**£**
417
583
**Unrestricted Funds**
**2023**
**2022**
**£**
**£**
11,479
348
|
|---|---|
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**CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS**
## **Notes to the Financial Statements For the year ended 30 April 2023**
|**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**
**2023**
**2022**
**£**
**£**
**-**
33,943
**2023**
**2022**
**Total**
**Total**
**£**
**£**
1,709,196
1,265,554
115,204
119,010
1,824,400
1,384,564
**2023**
**2022**
**£**
**£**
28,490
28,066
9,263
8,216
-
2,029
35,771
10,973
10,652
14,778
24,071
44,537
3,139
5,382
1,861
1,710
1,957
3,319
115,204
119,010
**2023**
**2022**
**£**
**£**
6,000
5,000
22,490
23,066
28,490
28,066
**2023**
**2022**
**£**
**£**
111,768
82,326
-
2,029
6,000
5,000
16,490
12,291
11,243
12,803
|**Unrestricted Funds**
**2023**
**2022**
**£**
**£**
**-**
33,943
**2023**
**2022**
**Total**
**Total**
**£**
**£**
1,709,196
1,265,554
115,204
119,010
1,824,400
1,384,564
**2023**
**2022**
**£**
**£**
28,490
28,066
9,263
8,216
-
2,029
35,771
10,973
10,652
14,778
24,071
44,537
3,139
5,382
1,861
1,710
1,957
3,319
115,204
119,010
**2023**
**2022**
**£**
**£**
6,000
5,000
22,490
23,066
28,490
28,066
**2023**
**2022**
**£**
**£**
111,768
82,326
-
2,029
6,000
5,000
16,490
12,291
11,243
12,803
|
|---|---|---|
|||**2022**
**£**
28,066
8,216
2,029
10,973
14,778
44,537
5,382
1,710
3,319
119,010|
|||**2022**
**£**
5,000
23,066
28,066|
|||**2022**
**£**
82,326
2,029
5,000
12,291
12,803|
**22 | P a g e**
**CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS**
**Notes to the Financial Statements For the year ended 30 April 2023**
## **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 (2022 £Nil).
The trustees did not have any expenses reimbursed during the year (2022 £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 £173,970 (2022 £143,735).
## **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|**2023**
**Number**
23
**2023**
**£**
452,883
32,424
7,778
493,085
|**2022**
**Number**
15
**2022**
**£**
264,306
16,666
4,698
285,670|**2022**
**Number**
15
**2022**
**£**
264,306
16,666
4,698
285,670|
|---|---|---|---|
|||||
||||285,670|
There were no employees receiving benefits (excluding employer pension costs) in excess of £60,000 per annum.
**23 | P a g e**
**CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS**
## **Notes to the Financial Statements**
## **For the year ended 30 April 2023**
|**14.**
**Tangible fixed assets**
**Leasehold**
**improvements**
**Kitchen**
**equipment**
**Office**
**equipment**
**Group**
**£**
**£**
**£**
**Cost**
At 1 May 2022
103,973
332,888
51,550
Additions
21,594
131,514
1,294
Disposals
-
(9,849)
-
At 30 April 2023
125,567
454,553
52,844
**Depreciation**
At 1 May 2022
18,678
101,579
17,475
Charge for the year
12,556
45,431
9,263
Released on disposals
-
-
-
At 30 April 2023
31,234
147,010
26,738
**Net book value**
At 30 April 2023
94,333
307,543
26,106
At 30 April 2022
85,295
231,309
34,075
**Kitchen**
**equipment**
**Charity**
**£**
**Cost**
At 1 May 2022
Additions
41,377
At 30 April 2023
41,377
**Depreciation**
At 1 May 2022
-
Charge for the year
1,655
At 30 April 2023
1,655
**Net book value**
At 30 April 2023
39,722
At 30 April 2022
-
|**Motor**
**vehicles**
**£**
195,010
45,491
-
240,501
40,224
44,518
-
84,742
155,759
154,786
**Motor**
**vehicles**
**£**
51,385
14,500
65,885
15,476
12,694
28,170
37,715
35,909
|**Total**
**£**
683,421
199,893
(9,849)
873,465
177,956
111,768
-
289,724
583,741
505,465
**Total**
**£**
51,385
55,877
107,262
15,476
14,349
29,825
77,437
35,909|
|---|---|---|
**24 | P a g e**
**CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS**
## **Notes to the Financial Statements For the year ended 30 April 2023**
## **15. Fixed asset investments**
|**Fixed asset investments**||
|---|---|
||**Shares in**|
||**subsidiary**|
||**undertakings**|
||**£**|
|At 1 May 2022 and at 30 April 2023|101|
|Details of the charity’s subsidiaries at 30 April 2023 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|**% of class**
**% of voting**
**Class of shares held**
**of shares**
**rights**
‘A’ Ordinary
100
76
Ordinary
100
100
**Profit for**
**Capital and**
**year**
**reserves**
**£**
**£**
12,722
322,916
83,649
83,650
**Group**
**Charity**
**2023**
**2022**
**2023**
**2022**
**£**
**£**
**£**
**£**
21,587
154,204
-
-
17,080
11,891
11,282
5,089
87,462
35,310
-
-
7,228
8,135
5,971
5,545
133,357
209,540
17,253
10,634|
|---|---|
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**CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS**
## **Notes to the Financial Statements For the year ended 30 April 2023**
|**17.**
**Creditors: Amounts falling due within one year**
**Group**
**2023**
**2022**
**£**
**£**
Trade creditors
154,094
161,810
Amounts owed to group undertakings
-
-
Corporation tax
5,000
-
Other tax and social security costs
8,795
4,074
Accruals and deferred income
151,115
180,100
Other creditors
6,750
7,311
325,754
353,295
**18.**
**Deferred income**
**Group**
**2023**
**2022**
**£**
**£**
At 1 May 2022
170,000
131,350
Additions during the year
135,000
170,000
Amounts released to income
(170,000)
(131,350)
At 30 April 2023
135,000
170,000|**Charity**
**2023**
**2022**
**£**
**£**
8,069
4,918
222,691
83,097
-
-
-
-
8,000
66,950
6,750
6,750
245,510
161,715
**Charity**
**2023**
**2022**
**£**
**£**
60,000
16,350
-
60,000
(60,000)
(16,350)
-
60,000|
|---|---|
Deferred income represents grants and contract income received in advance from various sources.
## **19. Fund reconciliation**
|**Unrestricted funds**
**As at**
**01.05.22**
**Group**
**£**
General funds
517,371
**Charity**
General funds
17,458|**Income**
**Expenditure**
**£**
**£**
1,411,892
(1,332,469)
205,097
(32,168)|**Other**
**£**
57
-|**As at**
**30.04.23**
**£**
596,851
190,387|
|---|---|---|---|
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**CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS**
## **Notes to the Financial Statements For the year ended 30 April 2023**
## **19. Fund reconciliation (continued)**
|**Restricted funds**
**Group**
ClwydAlyn Housing Limited
Flintshire County Council
Flintshire County Council - capital
Liverpool City Council - capital
Parc Adler
Big Lottery
Moondance Foundation
Welsh Government - capital
**Charity**
Reach Fund
Big Lottery
Moondance Foundation||**As at**
**01.05.22**
**£**
-
-
139,022
1,575
-
19,425
161,983
247,577
569,582
-
19,425
161,983
181,408|**Income**
**Expenditure**
**£**
**£**
100,000
(100,000)
265,000
(265,000)
50,000
(26,496)
-
(1,575)
10,000
(10,000)
67,418
(25,398)
156,050
(30,404)
-
(38,058)
648,468
(496,931)
67,418
(25,398)
156,050
(30,404)
223,468
(55,802)|**Transfers**
**£**
-
-
-
-
-
-
-
-
-
-
-
-|**As at**
**30.04.23**
**£**
-
-
162,526
-
-
61,445
287,629
209,519
721,119
61,445
287,629
349,074|
|---|---|---|---|---|---|
|||||||
Comparative information in respect of the preceding period is as follows:
|**Unrestricted funds**
**Group**
General funds
**Charity**
General funds|**As at**
**01.05.21**
**Income Expenditure**
**Transfers**
**£**
**£**
**£**
**£**
326,091
1,282,036
(1,090,756)
-
(22,209)
86,577
(46,910)
-
|**As at**
**30.04.22**
**£**
517,371
17,458|
|---|---|---|
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**CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS**
**Notes to the Financial Statements For the year ended 30 April 2023**
## **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|**As at**
**01.05.21**
**£**
-
-
129,131
2,210
-
21,250
119,283
284,848
-
-
556,722
-
21,250
119,283
140,533|**Income**
**Expenditure**
**£**
**£**
100,000
(100,000)
5,000
(5,000)
30,018
(20,127)
-
(635)
7,000
(7,000)
16,350
(18,175)
47,000
(4,300)
-
(37,271)
81,300
(81,300)
20,000
(20,000)
306,668
(293,808)
7,000
(7,000)
16,350
(18,175)
47,000
(4,300)
70,350
(29,475)|**Transfers**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**As at**
**30.04.22**
**£**
-
-
139,022
1,575
-
19,425
161,983
247,577
-
-
569,582|
|---|---|---|---|---|
|||||-
19,425
161,983
181,408|
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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**CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS**
**Notes to the Financial Statements For the year ended 30 April 2023**
## **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 2023 are represented by:
**£**
**£**
**£**
**Group**
Tangible fixed assets
165,352
-
418,389
Net current assets
431,499
275,446
27,284
596,851
275,446
445,673
**Charity**
Tangible fixed assets
12,084
-
65,353
Investments
101
-
-
Net current assets
178,202
275,446
8,275
190,387
275,446
65,353|**Total**
**£**
583,741
734,229|**Total**
**£**
583,741
734,229|
|---|---|---|
||1,317,970||
|||77,437
101
461,923|
|||539,461|
Comparative information in respect of the preceding period is as follows:
|**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|**Total**
**£**
505,465
581,488|
|---|---|
||1,086,953|
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**CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS**
## **Notes to the Financial Statements For the year ended 30 April 2023**
|**20.**
**Analysis of net assets between funds**
**(continued)**
**Unrestricted**
**funds**
**Restricted**
**revenue funds**
**Restricted**
**capital funds**
**£**
**£**
**£**
**Charity**
Tangible fixed assets
-
-
35,909
Investments
101
-
-
Net current assets/(liabilities)
17,357
145,499
-
17,458
145,499
35,909
**21.**
**Reconciliation of net movement in funds to net cash flow from operating**
**activities**
**2023**
**£**
Net income/(expenditure) for year
239,575
Depreciation of tangible fixed assets
111,768
Loss/(Surplus) on disposal of tangible fixed assets
-
Corporation tax receivable
-
Capital grants receivable
(50,000)
Interest receivable
(11,479)
Decrease in debtors
76,183
(Decrease)/Increase in creditors
(36,156)
Net cash flow from operating activities
329,891
|**Total**
**£**
35,909
101
162,856
198,866
**2022**
**£**
204,140
82,326
2,029
(33,943)
(30,018)
(348)
68,645
(275)
292,556|
|---|---|
## **22. Financial commitments**
The charity had capital commitments of £Nil at 30 April 2023 (2022 - £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**
**2023**
**2022**
**2023**
**2022**
**£**
**£**
**£**
**£**
-
3,840
-
-
-
-
-
-
-
3,840
-
-|
|---|---|
## **24. Related party transactions**
There were no related party transactions during the year (2022 - £Nil).
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