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2024-04-30-accounts

CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

ANNUAL REPORT AND FINANCIAL STATEMENTS

For the year ended

30 April 2024

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 - 6
Independent Auditor’s Report 7 - 12
Consolidated Statement of Financial Activities 13 - 14
Balance Sheets 15
Consolidated Statement of Cash Flows 16
Notes to the Financial Statements 17 - 30

CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Charity Reference and Administrative Details 30 April 2024

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
Suites C, D, E & F
14th Floor, The Plaza
100 Old Hall Street
Liverpool
L3 9QJ

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CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Trustees’ Annual Report For the year ended 30 April 2024

The trustees present their report together with the audited financial statements of the charity for the year ended 30 April 2024. 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 charity has two subsidiary trading arms. The trading delivery for this financial year, mainly focused on one subsidiary – Well-Fed (Services) Limited. Followibng the debacle of the school food relationship with Flintshire County Council – the company efforts moved to developing new relationships with Housing Assocations (HA), notably Riverisde HA and extending exsiting relations with ClwydAlyn. In addition, the development of MealLockers and MealVend services took shape and moved towards launch.

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CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Trustees’ Annual Report (continued) For the year ended 30 April 2024

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

Eat Well-Cook Easy Programme

Our Eat Well-Cook Easy Cookery training is a transformative four-week programme designed to empower participants with essential cooking skills and nutritional knowledge. Each session works with a group of 10-12 people, fostering a supportive and collaborative learning environment. The programme's high social impact is evident in its ability to improve participants' dietary habits, boost their confidence in the kitchen, and promote healthier lifestyles. By equipping individuals with the tools to prepare nutritious meals on a budget, we are addressing food insecurity and encouraging long-term positive changes in eating habits.

Each participant receives

Mobile Shop

We currently have three Mobile shops, framed as “The corner shop that comes to you”. Over the past year, our mobile shops have made a remarkable impact across North Wales, particularly in reaching and supporting rural communities. By delivering fresh meals and essential items directly to these areas, we have significantly improved access for residents who might otherwise face considerable travel challenges. Our three mobile shops have been instrumental in reaching a wide range of communities, visiting a total of 60 areas across North Wales. By providing a fresh food service directly to these locations, we have ensured that residents in even the most remote areas have access to what they need. We offer each meal at a subsidised price of no more than £2.25. This subsidy represents our most impactful social initiative to date, significantly contributing to the fight against hunger and poor nutrition.

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 sook-at-home meals to benefits all ages and all cooking abilities. This approach also uses the provision of meals to connect households to any further support they may need.

We now operate the service into 10 centres with the focus being 20 centres within the next financial year.

For anyone who is housebound and/or reliant on others to do their shopping for them, we offer door-to-door deliveries.

Riverside

Our partnership with Riverside commenced in November 2024, and is due to last for 3 years. The intention is to work with 360 families yearly across Langley and Colshaw farm in the Greater Manchester region. Families will have access to a Mealbox service, supplying fresh cook-at-home recipes each week as well as our slow cooker programme. In the second year we will introduce the MobileShop in both areas to ensure greater access for the wider community as well as sustainability beyond the supply of MealBoxes.

Commercial Services

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CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Trustees’ Annual Report (continued) For the year ended 30 April 2024

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 £1,761,910 (2023 £2,060,360) including capital grants of £72,500 (2023 £99,652). 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 2024 total group reserves stood at £1,253,541 (2023 £1,317,970) of which £708,014 (2023 £721,119) were restricted and £545,527 (2023 £596,851) 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.

Plans for the future

For the next 2-3 years we will:

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CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Trustees’ Annual Report (continued) For the year ended 30 April 2024

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:

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.

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CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Trustees’ Annual Report (continued) For the year ended 30 April 2024

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 28 February 2025

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Mitchell Charlesworth (Audit) Limited

Accountants

Suites C, D, E, & F . 14th Floor, The Plaza . 100 Old Hall Street . Liverpool . L3 9QJ

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 2024

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 2024 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

Suites C, D, E, & F . 14th Floor, The Plaza . 100 Old Hall Street . Liverpool . L3 9QJ

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 2024

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:

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) Limited

Accountants

Suites C, D, E, & F . 14th Floor, The Plaza . 100 Old Hall Street . Liverpool . L3 9QJ

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 2024

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

Suites C, D, E, & F . 14th Floor, The Plaza . 100 Old Hall Street . Liverpool . L3 9QJ

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 2024

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) 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

Suites C, D, E, & F . 14th Floor, The Plaza . 100 Old Hall Street . Liverpool . L3 9QJ

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 2024

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

Suites C, D, E, & F . 14th Floor, The Plaza . 100 Old Hall Street . Liverpool . L3 9QJ

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 2024

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 Statutory Auditor

28 February 2025

Suites C, D, E & F 14th Floor, The Plaza 100 Old Hall Street Liverpool L3 9QJ

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 2024

Restricted
Restricted
Notes
Unrestricted
Funds
Revenue
Funds
Capital
Funds
Income from:
£
£
£
Donations and legacies
2
2,336
-
-
Charitable activities
3
941,995
705,813
72,500
Other trading activities
4
12,851
-
-
Investments
5
24,286
-
-
Other
6
2,129
-
-

Total income
983,597
705,813
72,500

Expenditure on:
Charitable activities
7
1,034,921
703,380
88,038
Other expenditure
-
-
-


Total expenditure
1,034,921
703,380
88,038

Net income/(expenditure)
10
(51,324)
2,433
(15,538)
Reconciliation of funds:
Issue of shares to non-
controlling parties
-
-
-
Total funds brought forward
19
596,851
275,446
445,673


Total funds carried forward
19
545,527
277,879
430,135		 2024
Total
£
2,336
1,720,308
12,851
24,286
2,129
1,761,910
1,826,339
-
1,826,339
(64,429)
-
1,317,970
1,253,541		 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

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 17 to 30 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 2024

Comparative information 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

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 17 to 30 form part of these financial statements

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CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Balance Sheets As at 30 April 2024

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
2024
2023
£
£
691,453
583,741
-
-


691,453
583,741
150,620
133,357
728,372
926,626


878,992
1,059,983
(316,904)
(325,754)
562,088
734,229
1,253,541
1,317,970


195,470
246,794
708,014
721,119


903,484
967,913
350,057
350,057


1,253,541
1,317,970

 Charity
2024
2023
£
£
225,460
77,437
101
101
225,561
77,538
168,835
17,253
487,600
690,180
656,435
707,433
(264,682)
(245,510)
391,753
461,923
617,314
539,461
213,514
190,387
403,800
349,074
617,314
539,461
-
-
617,314
539,461

The financial statements on pages 13 to 30 were approved by the Board of Trustees and authorised for issue on 28 February 2025 and signed on its behalf by:

B O’Doherty Trustee

Company Registration Number: 04587220

The notes on pages 17 to 30 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 2024

Notes
Cash flow from operating activities
22
Corporation tax paid
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 2023
Cash and cash equivalents at 30 April 2024
Cash and cash equivalents consists of:-
Cash at bank
Cash in hand
Cash and cash equivalents at 30 April 2024		 2024
£
(64,134)
(2,871)
12,000
72,500
(240,035)
24,286
(131,249)

-
(198,254)
926,626
728,372
728,350
22
728,372		 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

The notes on pages 17 to 30 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 2024

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 2.

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 2024

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 2024

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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Notes to the Financial Statements For the year ended 30 April 2024

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 2024

2.
Income from donations and legacies
Donations
3.
Income from charitable activities
Unrestricted
Restricted
£
£
Grants receivable
ClwydAlyn Housing Limited
-
81,250
Flintshire County Council
-
160,175
Flintshire County Council - capital
-
-
Parc Adler
-
-
Riverside Foundation
-
159,326
Moondance Foundation
-
60,000
Big Lottery
-
103,562
Welsh Government
-
210,000
Gwynedd Council
-
4,000
Food contracts and project income
941,995
-

941,995
778,313

£648,468 of the above income in 2023 was attributable to restricted funds and £1,396,980 of the above income in 2023 was attributable to unrestricted funds.

4.
Income from other trading activities
Other trading income
5.
Income from investments
Bank interest receivable		 Unrestricted Funds
2024
2023
Total
Total
£
£
12,851
417
Unrestricted Funds
2024
2023
£
£
24,286
11,479

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Notes to the Financial Statements For the year ended 30 April 2024

6.
Other income
Corporation tax repayable
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
2024
2023
£
£
2,129
-

2024
2023
Total
Total
£
£
1,711,963
1,709,196
114,376
115,204
1,826,339
1,824,400
2024
2023
£
£
38,561
28,490
9,381
9,263
(1,540)
-
21,573
35,771
3,774
10,652
31,808
24,071
3,952
3,139
4,153
1,861
2,714
1,957
114,376
115,204

2024
2023
£
£
7,000
6,000
31,561
22,490
38,561
28,490

2024
2023
£
£
121,863
111,768
(1,540)
-
7,000
6,000
23,561
16,490
24,322
11,243
 Unrestricted Funds
2024
2023
£
£
2,129
-

2024
2023
Total
Total
£
£
1,711,963
1,709,196
114,376
115,204
1,826,339
1,824,400
2024
2023
£
£
38,561
28,490
9,381
9,263
(1,540)
-
21,573
35,771
3,774
10,652
31,808
24,071
3,952
3,139
4,153
1,861
2,714
1,957
114,376
115,204

2024
2023
£
£
7,000
6,000
31,561
22,490
38,561
28,490

2024
2023
£
£
121,863
111,768
(1,540)
-
7,000
6,000
23,561
16,490
24,322
11,243
 Unrestricted Funds
2024
2023
£
£
2,129
-

2024
2023
Total
Total
£
£
1,711,963
1,709,196
114,376
115,204
1,826,339
1,824,400
2024
2023
£
£
38,561
28,490
9,381
9,263
(1,540)
-
21,573
35,771
3,774
10,652
31,808
24,071
3,952
3,139
4,153
1,861
2,714
1,957
114,376
115,204

2024
2023
£
£
7,000
6,000
31,561
22,490
38,561
28,490

2024
2023
£
£
121,863
111,768
(1,540)
-
7,000
6,000
23,561
16,490
24,322
11,243
2023
£
6,000
22,490
28,490
2023
£
111,768
-
6,000
16,490
11,243

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Notes to the Financial Statements For the year ended 30 April 2024

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 (2023 £Nil).

The trustees did not have any expenses reimbursed during the year (2023 £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 £193,928 (2023 £173,970).

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		 2024
Number
26

2024
£
567,494
46,571
10,949
625,014
 2023
Number
23
2023
£
452,883
32,424
7,778
493,085		 2023
Number
23
2023
£
452,883
32,424
7,778
493,085
493,085

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

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CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Notes to the Financial Statements

For the year ended 30 April 2024

14.
Tangible fixed assets
Leasehold
improvements
Kitchen
equipment
Office
equipment
Group
£
£
£
Cost
At 1 May 2023
125,567
454,553
52,844
Additions
48,097
80,404
3,034
Disposals
-
-
-

At 30 April 2024
173,664
534,957
55,878
Depreciation
At 1 May 2023
31,234
147,010
26,738
Charge for the year
13,027
47,111
9,380
Released on disposals
-
-
-

At 30 April 2024
44,261
194,121
36,118
Net book value
At 30 April 2024
129,403
340,836
19,760

At 30 April 2023
94,333
307,543
26,106

Kitchen
equipment
Charity
£
Cost
At 1 May 2023
41,377
Additions
75,680
Disposals
-

At 30 April 2024
117,057

Depreciation
At 1 May 2023
1,655
Charge for the year
8,275
Released on disposals
-

At 30 April 2024
9,930
Net book value
At 30 April 2024
107,127

At 30 April 2023
39,722
 Motor
vehicles
£
240,501
108,500
(29,885)
319,116
84,742
52,345
(19,425)
117,662
201,454

155,759

Motor
vehicles
£
65,885
108,500
(29,885)
144,500
28,170
17,422
(19,425)
26,167
118,333

37,715
 Total
£
873,465
240,035
(29,885)
1,083,615
289,724
121,863
(19,425)
392,162
691,453
583,741
Total
£
107,262
184,180
(29,885)
261,557
29,825
25,697
(19,425)
36,097
225,460
77,437

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Notes to the Financial Statements For the year ended 30 April 2024

15. Fixed asset investments

Fixed asset investments
Shares in
subsidiary
undertakings
£
At 1 May 2023 and at 30 April 2024 101
Details of the charity’s subsidiaries at 30 April 2024 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
Amounts due from group undertakings
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
£
£
6
322,922
(82,701)
949
Group
Charity
2024
2023
2024
2023
£
£
£
£
32,996
21,587
27,393
-
10,090
17,080
8,316
11,282
-
-
125,392
-
99,800
87,462
-
-
7,734
7,228
7,734
5,971
150,620
133,357
168,835
17,253

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CAN COOK CIO AND ITS SUBSIDIARY UNDERTAKINGS

Notes to the Financial Statements

For the year ended 30 April 2024

17.
Creditors: Amounts falling due within one year
Trade creditors
Amounts owed to group undertakings
Corporation tax
Other tax and social security costs
Accruals and deferred income
Other creditors
18.
Deferred income
At 1 May 2023
Additions during the year
Amounts released to income

At 30 April 2024		 Group
2024
2023
£
£
150,606
154,094
-
-
-
5,000
11,729
8,795
145,706
151,115
8,863
6,750
316,904
325,754
Group
2024
2023
£
£
135,000
170,000
129,538
135,000
(135,000)
(170,000)
129,538
135,000
 Charity
2024
2023
£
£
55,756
8,069
132,682
222,691
-
-
-
-
69,494
8,000
6,750
6,750
264,682
245,510
Charity
2024
2023
£
£
-
60,000
60,788
-
-
(60,000)
60,788
-

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

19. Fund reconciliation

Unrestricted funds
As at
01.05.23
Group
£
General funds
596,851
Charity
General funds
190,387		 Income
Expenditure
Transfers
£
£
£
983,597
(1,034,921)
-

26,622
(3,495)
-		 As at
30.04.24
£
545,527
213,514

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Notes to the Financial Statements For the year ended 30 April 2024

19. Fund reconciliation (continued)

Restricted funds

Group
ClwydAlyn Housing Limited
Flintshire County Council
Flintshire County Council - capital
Welsh Government - capital
Big Lottery
Moondance Foundation
Riverside Foundation
Welsh Government
Gwynedd Council
Charity
Big Lottery
Moondance Foundation
Riverside Foundation
Comparative information in respect of the
Unrestricted funds
Group
General funds

Charity
General funds
 Restricted funds

Group
ClwydAlyn Housing Limited
Flintshire County Council
Flintshire County Council - capital
Welsh Government - capital
Big Lottery
Moondance Foundation
Riverside Foundation
Welsh Government
Gwynedd Council
Charity
Big Lottery
Moondance Foundation
Riverside Foundation
Comparative information in respect of the
Unrestricted funds
Group
General funds

Charity
General funds
 As at
01.05.23
Income
Expenditure
£
£
£
-
81,250
(81,250)
-
160,175
(160,175)
162,526
-
(29,854)
209,519
-
(37,977)
61,445
103,562
(46,970)
287,629
60,000
(61,866)
-
159,326
(159,326)
-
210,000
(210,000)
-
4,000
(4,000)


721,119
778,313
(791,418)


61,445
103,562
(46,970)
287,629
60,000
(61,866)
-
159,326
(159,326)


349,074
322,888
(268,162)


preceding period is as follows:
As at
01.05.22
Income Expenditure
£
£
£
517,371
1,411,892
(1,332,469)


17,458
205,097
(32,168)

 Transfers
£
-
-
-
-
-
-
-
-
-

-

-
-
-

-

Transfers
£
57
-		 As at
30.04.24
£
-
-
132,672
171,542
118,037
285,763
-
-
-
708,014
118,037
285,763
-
403,800
As at
30.04.23
£
596,851
190,387

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Notes to the Financial Statements For the year ended 30 April 2024

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
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
(88,802)		 Transfers

£
-
-
-
-
-
-
-
-

-

-
-

-		 As at
30.04.23
£
-
-
162,526
-
-
61,445
287,629
209,519
721,119
61,445
287,629
349,074

A summary of the principal restricted funds is set out below:

ClwydAlyn Housing Limited – has provided revenue funding to support the running of Well-Fed (Services) Limited.

Flintshire County Council -has provided support to set up and run a meals programme.

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

Big Lottery - Grant to support local people cope with the cost of living crisis.

Moondance Foundation - provided funding tosupport a staff role and a subsidy for meals.

Welsh Government - provided capital funding to help the business scale its output.

Riverside Foundation – Has provided grant support to provide a three year programme across two estates in Rochdale and Manchester.

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Notes to the Financial Statements For the year ended 30 April 2024

20.
Analysis of net assets between funds
Unrestricted
funds
Restricted
Revenue funds
Restricted
capital funds
Fund balances at 30 April 2024 are represented by:
£
£
£
Group
Tangible fixed assets
261,318
-
430,135
Net current assets
284,209
277,879
-
545,527
277,879
430,135
Charity
Tangible fixed assets
99,540
-
125,920
Investments
101
-
-
Net current assets
113,874
277,879
-
213,515
277,879
125,920
Comparative information in respect of the preceding period is as follows:
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
Unrestricted
funds
Restricted
revenue funds
Restricted
capital funds
£
£
£
Charity
Tangible fixed assets
12,084
-
65,353
Investments
101
-
-
Net current assets/(liabilities)
178,202
275,446
8,275
190,387
275,446
73,628		 Total
£
691,453
562,088		 Total
£
691,453
562,088
1,253,541
225,460
101
391,753
617,314
Total
£
583,741
734,229
1,317,970
Total
£
77,437
101
461,923
539,461
Total
£
77,437
101
461,923
539,461

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Notes to the Financial Statements For the year ended 30 April 2024

21.
Reconciliation of net movement in funds to net cash flow from operating
activities
Net income/(expenditure) for year
Depreciation of tangible fixed assets
Loss/(Surplus) on disposal of tangible fixed assets
Corporation tax (recoverable)/payable
Taxation
Capital grants receivable
Interest receivable
(Increase)/Decrease in debtors
Decrease in creditors
Net cash flow from operating activities		 2024
£
(64,429)
121,863
(1,540)
(2,129)
-
(72,500)
(24,286)
(17,263)
(3,850)
(64,134)		 2023
£
230,960
111,768
-
-
5,000
(50,000)
(11,479)
76,183
(32,541)
329,891

22. Financial commitments

The charity had capital commitments of £Nil at 30 April 2024 (2023 £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
2024
2023
2024
2023
£
£
£
£
11,496
4,320
-
-
11,496
8,640
-
-

22,992
12,960
-
-

24. Related party transactions

There were no related party transactions during the year (2023 - £Nil).

30 | P a g e