Charlty number. 1179092 Meals & More (a charitable incorporated organisation) Trustees. Report and Financial Statements For the Year Ended 30 June 2023
Meals & More Contents Page Rgfvrgncg and A(knlnlstratlv• Dètalls of tho Charlty, Its Trust•os and Advls•r8 Chalrfs Statemenl Tnwts•s' Roport 3-10 Ind•p•nd•nt Examln•r's R•port stat•m•nt of Flnanclal Actlvltl•s 12 Balanco ShMt 13 Statsment of Cash Flows 14 Notes to the Flnanclal Statemènts 15-23
Meals & Morè Reference and adminlstratlve details of tho Charity, Its Trusts88 and Advisers Forthe Year Ended 30 Jun• 2023 Tru¥t8eS Katherine Ann Wotsdhouse, Chair James Paul ManneTing Helen Margaret Evans Ireslgned 13 December 20231 Barry Bolton Peter Statham (appointed 27 September 20231 Ranjini Bhattacharya lappoinled 27 September 20231 Richard Cooper (appointed 27 September 20231 Tony Fitton lappointed 6 December 20231 Chris Martin lappolnted 6 December 20231 Nicola Sampson (appointed 6 December 20231 Laura Wyatt (resigned 26 May 2023) Chaty registered numbor 1179092 Principal offic Enterprise House, Nicholas Road Eureka Science Park Ashford Kent TN25 4AG Accountants Kreslon Reeves LLP Chartered Accountant$ 37 St Margaret's Street Canterbury Kent, CT1 2TU Indepondent examlner Samantha Rouse Kreston Reeves LLP Chartered Accounlanls 37 St Margaret's Street Canterbury Kent, CT12TU Bankers CAF Bank Ltd 25 Kings Hill Avenu2 Kings Hill West Malling Kent. ME19 4JQ Page 1
Meals & More
Chair's Statement For the Year Ended 30 June 2023
The challenge for children and young people continues against a backdrop of uncertainty in the UK. The impact of the ongoing cost-of-living crisis remains. It is adding pressure onto families, especially those living in areas of social deprivation. As a charity, we are acutely aware of our responsibilities and the benefits that our partners can deliver with our ongoing support.
Aligned with our plans for sustainable growth, we are pleased with our progress. We have created and grown our "Big Day Out" initiative and we continue to extend our holiday meal provision to more children, and more communities, across the UK. The charity added a further 9 delivery partners this year. We now support a total of 29.
The "Big Day Out" pilot was a success and was embraced by our partners. It gave the opportunity to many children, young people, and adults to experience a day away from their usual surroundings. In many cases, experiencing something new and something for the children to talk about when they returned to school. It is an intervention that the Charity intends to continue in future years.
Income generation for the Charity has progressed despite challenging times for business & industry. With the appointment of a Fundraiser, we were successful in retaining support and expanding our fundraising activity. For the first time, places were secured at both the London Marathon and the London Landmarks Half Marathon, which brought in valuable income to enable the Charity to meet is goals. However, we rely on and owe so much to the organisations who continue to support the work we do.
I would like to personally thank all our supporters. Without you, none of what we have achieved would be possible.
Katherine Ann Woodhouse Chair of Trustees Date: ( -3 / y / 2-L.:
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Moals & Morè Trust•ès' R•port For the Year Endgd 30 June 2023 The TnJstÈès present their annual report together with the financial statements of Meals & More la Charitsble Incorporated 0rgan15ab.onl for the from 1 July 2022 10 30 June 2L123. Objoctives and a¢tlvltlès Pollcles and obj•¢tiv*$ Meals & More la Charitable Incorporated Organisationl provldes 5UPPOrt to children And thebr familiès who live whh poverty and soaal isolation and have limited access to adequate food provision anfj activity throughout school holiday pertods. Meals & More's vision is lo improve their quality of life by eliminating holiday hunger. Since Meals & More was established in 2015, it has supporterj the delivery of over 1.7 milion meals. We have reviewed our initial meals largel 8nd wll continue to focus on supporting a total of 2.5 million meals by 2025. To further this objective. Meals & More la Charitable Incorporated Oryanisafjonl was focused on the followng key activities during the reporting period.. Partnering with Ioc81 ¢harilies and community organi$alion5 Idelivery partners) by providing funding to allow them to address the need for meal provision and holiday clubs during the school holidays, with a view to providing nutritious meals and enriching activities to children., Working with industry partner5 to raise funds and gather resources %thich 3r6 then provided to our delivery partners to either distribute or use al their holiday clubs acros$ the United lfj'ngdom., To explore and M3MIse fundraislng adivilies", Enabling delivery partners lo build on Ihe'more" element of their delivery, and Ralsing awareness of holiday hunger and CIal isolation. Meals & More {a Charitable Inwrporated Organisationl Ss focused on developing working partnership$ that underpin our aims and make a difference lo each child we reach. The Charity is a catalyst for p0511ive eh8nge. bringing like-minded people together, creating the opportunity to improve life chances, contributing to happier, healthier children and families. Through provision of nUtrOuS food and enriching a¢tivili¢s. Mea15 & More's la Charrtable Incorporated Organisalionl delivery partnerships eonlrfbute lo supportive environments, boosting health, self-belief, and aspirations. Every child matters and deseNes to have a good start in lrfe not only al school, bul also throughout the year. We ernbrace all opportunities to wod( wlh organisations and buslnesses that have similar goals and want to make a drfference. Mea15 & More la Charitable Incorporated Organisalionl has recognised the importance of minirnising risk and maintains dear policies such as con)lict of interest. risk management. privacy, and dats prDlecb'on to provide secure platform for achieving its objectives. In setting objectives and planning for ils grant giving activities, the Trustees have given due Gonslderation to general guidance published by the Charity Commission relating to public benefit. including the guidance 'Public benerrt. running a charity IPB2)'. Page 3
M&al$ & More Trustees. R•port {continufrdl F¢rthe Year Endèd 30 June 2023 Obje¢llvg5 and actlvitieB lcontindI b. Strategles for achlevlng objectiv•s Acts'vS1ies were undertaken around the key objectives listed below.. Raising Awarene8s of Holiday Hunger Creating a movement lo end holiday hunger by collaborative partherships lo increase awareness of the issues and the need for holiday provi$ion. Supply of Holiday Provision Imealsl Reduce the impact of holiday hunger on chlldrèn and their families by improving access to tasty, nutritious food during the school holidays, helping to improve the lives and prospects of children. Health and Well-being (The 'More') The promtsb.on of health and well-being wlhin the clubs we support, through the provisitsn of activities and advice, as a way of mitigating holiday hunger and its effects. Research Support the provision of evidencè lo educate stakeholders and the public on the implications of holiclay hunger induding the detrimental educab'onal outcome$ and impact on sodety. Achl8v8m•nts and p•rformance . Koy perfomianc• indlcator8 The Trustees have idents'fied several key performance Indicators {KPI'sl as measures for monitoring the performance of the Charity and our delivery partner5. The Charrty is continually developing proce5se5 for reporting on these KPI'S. The KPI'S identied include.. Number of dellvery partners Number of clubs Number of mea15 Hours of aclivilies delivered. b. R*vl¢w of actlvltl?s Aclivilles that have taken place for Ihe period to meet our key obiectlves are as follows.. Raising Awareness of Holiday Hunger Meals & More la Charitable Incorporated Organ18alionl continues to be represented at All Party Parfiamentsry Group meeting5 relating to Holiday provIsn. The govemmenl Hollday Ath'vity & Food IHAFI programme continues, and the Charity has received anecdotal mixed reports from several involved delivery partners. These Continue lo highlight funding and communication challenges. Delivery partners have also reported a fall in the number of clubs they directly fund, as many clubs move toward the HAF programme managed by local authorities. Meals & MO cont.inues lo fund several organisalions Ihal are a part of the HAF programme, as our funding is allo¢ated to those not eligible for Free School Meals bul who are sts'll living in Challenging condition8. The charity joined Local Authority Cal8ring Association ILACAI in 2022 and attended th&r Main event in July lo showcase the challenges and Progress the Charity has made. This also offers the opportunity to engage directly with existing and potential supporters and delivery partners. Paruy due lo these efforts, Local authorieS are now increasingly aware of the need and the specific challenges of holiday provision. Page4
Meals & More Trustees. Roport leontinuedl Forthe Year EndÈd 30 Jun• 2023 Achlevgments and performance Icontinuodl Supply of Holiday Provlsion (Meals) This year saw the Charity work with 29 delivery partners across the UK, an increase of 9 from last year. Al delivery partners are required to sign an agreement wth the Charity setting out our expectations gf them and what they c8n expect from us in return. In the past 12 months, the Charity has supported the work of these delivery partners and contributed SLJPPOrt to aPpr0matelY 215 holiday clubs provi(Jed by those 29 delivery partners. Our delivery partner nebNork exlends acr05S the UK. Through this neiwork of delivery partners and their Clubs we directly funded circa. 355,000 meals via grants in the last year. The has been a reduction of the pmportion of rneals provided by food parcéls or packed meals. as dubs are now fully reopened aftèr the pandemic disruption. However, this does remain a cost-effecbve method of meal provision and a small number of delivery partners continue lo support famllie5 in need with food parcels. The Trustees havÈ #greed plans for an additional grant lo support the provision of over 8000 meals. Our intent is lo continue to provide similar levels of increase In 5UPPOrt in fuiure years should il be needed. Hearth and We114Jeing Ilhe'more'l The Charity continues lo work wlth delivery partners lo sh8re best practice on health, well-being, and enriching activities. We airn to support delivery partners lo develop bespoke activrties to support attendees at their club5. Our delivery partners offered a large range of activities over the last 12 months. with over 15,000 hours recorded during holid8y periods. Within our delivery partner agreement, we ask what type of activities (the More,? are provided during the holiday club provision sessions. Thèse are very broadly evenly splrt between sport, game5 lincl. Arts and Crafts), well- being and cooking. This range is well balanced and offer children and young people the opportunity for fijn. while being active and engaged. Importantly. these activities are also educational and infomiats've. It is pleasing to see a focus on wellb*ing knowledge and skills. These wlll aid 8 young persons continuad development and help m6tlgating the learning gap during holldays. The Trustees have also heard our delivory partners and families asking us lo ¢onsSder requests for additional funding lo provide support lo children and families during the wnter li.e. warm space provision), Due lo the cost- ol-living crisis and incieased ènergy bills in the UK. one of our delivery partners has opened their doors lo offer wami space, wlh additional food and amenities. This creates a place children and young people Can meet and carry out aclivrtles. Where possible wth access to technology lo help th homework and skill development. Research Given the Govemmenl's Holiday Actlvlly & Food programme intervention has been launched, the Trustees felt that there is not a pressing requirement for further academic research at this time. However. Meals and More la Charitable Incorporated Organisationl continues to monitor this Garefully, weighing the cost and potential impact of such research. Visits to clubs are made ragularly 10 See the provision we support in action and to offer Support and guidance. We were privileged to witness excellent provision by our partner5. in Croydon. Enfield. Southend, Bamsley, Oldam and MiddlesbDrough. The chaTity also carried out f(s first annual delivery partner 3urvey as part of our ongoing alm to support our delivery partners and ensure the charity is as effective as possible. The insights gained were valuable inputs for our future planning and improvement. as they assist us to understsnd the needs. expectations, and per¢epkn'on$ of the people we 5UPPOrt. Our suryey results were strong wlh scores lending towards excellent in all areas on average. Despite these positive ratings, il is vllal lo give an opportunlly for comment and continue to better understand the areas where the charity needs to fo¢us in the future. Page 5
M•als & More Trustees. Rèport leontlnuedl For the Year Ended 30 Jun• 2023 Flnanclal rèvlow a. Going concem After making appropriate enquirle5, the Trustees have a reasonable expectation th81 the Charty, has adequate resources to continue in operational existence for Ihe foreseeable future. For this rea50n, they continue to adopt the going concern ba515 in preparing the financial 51alemenls. Further details regarding the adoption of the golng concem basis can be found in the accounb'ng policies. b. Res•Thi•s poll¢y 11 is the pollcy of the Charity to maintain unrestricted funds, which are free reserves of the Charity and cash held at bank and in hand, which equate lo al least 6 month$ of unrestricted expenditure. This ensures that the Charity can continue to operate if difficulties in recovering future income are encountered in the short term. If unrestricted expendf(ure in FY241$ projected to be similar lo FY23, this would amount to circa £330,00012022'. £260.0001 at peak periods. The Trustees monitor this quarterly and speofically rewew compliance with the reserves policy at each B03rd of Tru51ees meeting. If the re$eNes poli¢y is exceeded at any quarter end, this musl be reported to the Board of Trustees al the next meeting. If it is anticipated that the reserves policy will be exceeded in lulure quarters, this musl be approved in advance by the Board of Tru$tee$ at the next scheduled Trustee Meeting. Actual unrestricted reserves held at the year-end amounted to £889,244 {2022.' £458,107). The increase in unrestricted resetves reflects the recognllion in the year of future multi-year cornmitments to the Ch8rity made by Brakes under ihe new support agreement signed in FY23. Cash at bank and in hand al the year-end amounted to £40B,92212022'. £422,685). The Trustees are aware of the level of reserve and understand the need to maintain these at appropriate levels. Given the rising cost of food and increasing demand IOT SUPPOrt, it is the Charity's objective to engage with More delivery partners and increase the number of dubs supported. Therefore, we expect lo utilise our resetve5 as additional grants to be awarded in ftjlure years. The Trustees are also mindful of the challenging times our supporters are experiencing, and that gener81ing income may prove challenging in the short term. There needs to be a ba13n¢ed approach lo llIsing our reseryes and enabling the Charity to be able to give clear commitments on future levels of funding to our delivery partners. Thi5 wll ensure that we can continue to grow sustainably together. c. Prlnclpal rjsks and unc•rtalntl•$ Risks are identified using a risk management process whlch is reviewed quarterly by the Trustees. This includes Finance, Govemance, Operational, Extemal and Compliance risks. Risks which are assessed to be either high or medium are identified and Set out in a risk action plan. which is assigned lo each Trustee by sects'on and SUPPOrted by the Secretary to the Board of Trustees. Financial risk management has been a priority for Trustees and several policies and procedures have been implemented to manage these TS$ks, induding a delegation of authority- Additional or increased fihanclal risk5, resulting from the wder global financial climate. have been identified. The most significant of these in the short-lerm is credit rlsk. This may arise from default on financial commitments made lo the Charity by supporters. The Trustees believe that the Charity has enough reserves and cash to mits.gate the impact of any short-temi disrupts.on to income. In addition. the Charty operates mutti-year grant agreements wlh many of our corporate supporters. This ensures a degree of long-temi funding commiknent and certainty. The Trustees will continue lo monitor the risks and lake appropriate aeth.ons as required. Page 6
Moals & More Trusteès. Report Icontlnuedl For the Year Ended 30 June 2023 d. Ro$ults for the year This Is the fifth financial period &nc8 the Charity has been reglstwed a5 an independent Charitable Incorporated Organisation ICIO). In this period, the Charity has generated £711.094 12022.. £324,354) in total income. The increase in income reflects Dur increasing focus on fiJndr4l$ing and the recognition In the year of future mulu-year commitments lo the Charity made by Brakes under the new support agreement signed in FY23. Brake Bros Ltd I'Brakes'} is a le8ding food service company in the UK. Brakes founded Meals & More and is key supporter of Meals & More la Charitable Incorporated Organisation). Mea15 & More la Charitable Incorporated Organisationl operates enkn'rely independenuy from Brakes. However, agreements are in place that sees Brakes Provide funding and operational support lo Meals & More la Charitable Incorporated Organisationl. During the financial year. a new Support Agreement has been entered into, Ihis wll ensure continued support until 30th June 2025. The Charity has beÈn focused on building its supporter netAork and estsblishing donation commitmÈnts from a ider base of supporters. Since 2021, the Charity has engaged professional fijndraisers wlh a remit lo improve its support netmork. With a focus on.. Ensuring Current supporters extend their existing commitments Confirrning new supporter5 and their level of commiimenl Identifying potential additional ¢orporale 5UPPOrters Researchin9 Potential fundraising activities Improving communication wth potential supporter8 In FY23, a number of our existing supporters renewed their support agreements lo the Charity for a further > year period. We were also successftjl in gaining addrtional new supporters with a 3-year commitment to the Charity. Several other supporters have recommilled lo shorter-term 5UPPOrt. The Charity a150 benefit from the laund) of Pennies from Heaven in FY23. This is a salary giving scheme Introduced by Brakes whereby employees can easily donate the pennies from their payslip lo Meals & More la Charitable Incorporated Organisationl. The donation does not exceed 99p per month. There are over 800 Blakes employees committed lo the scheme. Meals & More's la Chantsble Incorporated Organisalionl model is lo support the delivery of projtcls through delivery partners. As the attached accounts show, Meals & More commilled grants to delivery partners of £349,861 12022.. £260,203}. The increase of funding allocated was due lo the 9 new delivery partner5. The Charity intends to increase the arnounl ol grants made to delivery partner5 oveT the next year, wlh a focus on building on existing partnerships where there Is the capacity and scope to grow in a stepped and sustainable way. This approach mitigates risk thilst improving our reach lo more children. In addition. work is ongoing to idenb'fy new delivery partners that meet our Criteria and are not necessarily benefiting from the national (England only) HAF programme. Total expenditure on support eostg in the year was £130,09612022'. £148.1291. The net surplus for the year ended 30th Jun& 2023, Saw the Charty increase its loial reserves by £231,137 12022 saw a decrease of £83,978), meaning that the total reserves were £689.244 12022.. £458,107). The Charity aim5 to use this surplus to further all its charitable alms, Including by expanding the number of delivery partners it works wth and the number of dubs and rneals funded. This Mll increase the reach of our work and the number of children that can benefit from our charitable activities. Page 7
Moals & Moro Trustees, Report (eontlnuèdl Forthe Year Ended 30 June 2023 structure> govemanco and manag•m•nt a. Constltutlon Meals & More is a registered charity, number 1179092. Meals & More is a Charitable Incorporated Organisation ICIO) and governed by ils conslitulion. b. Mothods of appolnlmant or olactlon of Trusto•8 As per the conslilution. the original ChaNty TTUStees have been appointed for a period of up lo 3 years. Additional Trustees must be appointed by a resolution passed at a properly convened meeting of the Charity Trustees. In selecting individuals for appointment as Charity Trustees, the Trustees must have regard lo the skills, knoedge and experience needed for the effective admlnistration of the CIO. c. Oryanl$atlonal $tructuro and de¢lslon-maklng poll¢leg Meals & More la Charitable Incorporated Organisationl 13 managed by the Operations Director, supported by a Cerporale Partnerships Adminlslrator and an Administrator. In addition, the Secretary to the Trustees suppotts the Trustees and the Operations Director as needed. The Charity's colleagues and Trustees are guided by the Financial ProceduTe5 Policy and Delegation of Authority. All decisions in respect of financial commitment are made in line with a set authority process set oui in these documents. d. Polici•s adopl•d for th• induction and training of Trusto•s Meals & More (a Charitable Incorporated Oryani5ation) has the following policies to ensure ils TTUStee5 are inducted and trained appropriately and lo reduce the Charity's exposure to external and inlemal risk factors. Risk Management policy and Risk Register., Complaints Handling.. Prlvacy policy.. Equalily and Diversity policy., Crisis Management policy.. Financial Procedures and Delegallon of Authorlty". Donations.. Conffic15 of Interest., Trustee Handbook,. and Trustee Code of Condud. e. Rlsk Managemgnt The Tnjstees have assessed the malor risks to which the Charity is exposed. in particular those related lo the operations and finances of the Charity and are satisfied that systems and procedures are in place to mitigate exposure to major risks. Risk is assessed on a qu8rterly basis at ead) Trustee Meeting but is monitored regularty by the Secretary to the Board of Trustees. There Is a risk action plan in place which highlights medium lo high risk areas which require immediate to short term attention. This act40n plan is a150 reviewed al each Tru51ee Meeting and monitored regularly by the Secretary lo the Trustees. Page 8
M•als & Morn Tru•t••$' Réport (Gontlnuodl For th• Yr Ended 30 Jun• 2023 Plans for firtur¢ perlods Whilst the UK Govemmenl's Holiday AdiW & Food programme ha$ been introdLKed. this 1$ avadable for school aged ¢hildren from recepts.on lo year 11 {inclusivel rèceive benefirelated free school meals. 11 is hoped that government will rev7ew and extend the programme to rtath all children of families in ceipt of universal ¢redit in the ftjture. However. with an estimated 4 million children livng in poverty in the UK, the need in communllles remaing hi01. The Chanty wll contiryje to focus on areas of social deprivatim, %rkIng partners ¥tho make a drfferen¢e in thos* community"e3. From a dellvery per5pectSve, the focus %%ill be to extend our reach further. We will increase the work we do to $upport delivery partners in areas of social deprivation. We VAII do this both by Idenllfying new delivery partners. and by extending greater support lo existing programmes. In FY22, the Charity reaehed its inhoal goal of supportlng 1 million meals and has now increased its target to support 1.5 Million meals by 2025. The Trustees are also conscious of the need lo do more of the 'more' elemant of our charitable purpose as we move forward, This is eSpeallY important as many ¢ommunilie$ face an uncertain future, due lo cost.of-living ncreases. We VAII èxamlne ways to generate even more benefil to the communilles and lives of Iho$e we 8UPPOrt. One new Iniliatr've we pul In place was 'The Big Day Out.. Thls involved supporting our delivery partners additional funding lor a day trip vth the children. A chance for everyone invofved lo explore, hève fun and make memorfe8. No matwial events have occurred since the statement of finan¢ial p0son dat• vkni¢h would affect the finandal statements of the Charty. Stat•m•nt of Truste&8' v••poMlbllities The Trustees are responsible for preparing Ihe Trustees. Report and the financlal stalemenl$ Sn accordan¢e applicable law and United Kingdom Accounting Standards IUnr(ed Kingdom Generally Accepted Accounting Practice). The law applicable to tharitle8 In England & Wales requires the Trustees to prepare financlal y14lemenl$ for each financial which give a true and fair view of the stsle of affairs of the Charity and of its income and application of resouice5, including ils Income and expenditure. for that period. In preparing these finanrjal statemen15, the Trustees are required to.. select 5uilable a¢eounling policles and Ihtsn apply them con5Islently', observe the methods and prtncIeS of ihe Charities SORP IFRS 1021., make judgements and accounllng eslimales that are reasonable and prudent., slate whether appllcable UK Accountlng Standards IFRS 1021 have been followed. subject to any material departures disclosed and explained in the financlal statements., prepare the financial 5talemenls on the going concem basis unless it is inappfopriate lo presume that th• Charity wll conllnue in business. The Trustees are responsible for keeping adequate accounting records that are suffirjent lo show and explain the Charrws transactiens and disdosé reasonable accuracy at any time the finan¢i81 posifjon of the Charlly and enable them to ensure that the financial statement5 ¢omply with the Charities Act 2011, the Charlty (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Chartty and hence for taking Teasonable steps for the prevents'on and detectyon of frauil and other irregularities. Page 9
Meals & More
Trustees' Report (continued) For the Year Ended 30 June 2023
Approved by order of the members of the board of Trustees and signed on their behalf by:
Katherine Ann Woodhouse Chair of Trustees Date: ( -3 / y / 2-L.:
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Meals & MOT• Indapondent Examlner's Report For the Yoar Ended 30 Juna 2023 Independent Examiner's Report to thg Trustses of Meals & Mor• Ilhe Charlty,) I report to the Charity Trustee8 on my examination of the finanual statemènts of the Charity for the year ended 30 June 2023, which are Sel out on pages 15 to 22. Rgsponsibllltle$ and Basls of Report As the Trustees of the Charty you a responsible for the preparation of the financlal slalements in accordance vjilh the requirements of the Charits'es Act 2011 rthe 2011 Act'l. I report In respect of my examlnation of the Charitls financial statements caffied out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission ijnder section 14515llbl of the 2011 Act. Independent Examln¢r's Statement Since the Charills gross income exceeded £250,000 your examiner must be a member of a body listed in $e¢tion 145 of the 2011 Act. I confirm that l am qualffied to undertake the examinatson because l am a member of Association of Chartered Cerbfied Accountan15, which is one of the listed bodies. I have completed my examinab'on. I confirm that no matters have come to my attention in connection wth the examination giving me cause lo believe that in any malerial respect.. accounting records were not kept In respect of the Chanty as required by Section 130 of the 2011 Act". or the financlal statements do not accord with those recoTd5,' or the financial statèments do not comply with the applicable requirements concerning the fom and conlenl of financial slalemenls set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a Iru8 and falrf view which is not a matter Considered as part of an independent examination. I have no concerns and have come across no other matters in conne¢lion wth the examination to which attention should be drawn in this report in order to enable a proper under8tsnding of the accounts to be reached. Thi$ report 15 made solely lo the Charfly's Tru51ees, as a body, in accordance with Part 4 of the Charities {Accounls and Reports} Regulations 2008. My work has been undertaken so that I might stste to the Charity's Trustees those matter5 1 am required to slate lo them in an Independent ExamineV$ Report and for no Other purpose. To the fullest extent pemilled by law, I do not accept tsr assumè responsibility to anyone other than the Charity and the Charity's Trustees a5 a body. for my work or for this report. Signed.. Dated.. 18 April 2024 Samantha Rouse FCCA DChA Kreston Reeves LLP Chartered Accountsnls 37 St Margaret's Street Canterbury Kent CT12TU Page11
M*als & More Statement of flnanclal actlvltlos For the Year Ended 30 Jun8 2023 Unrostrlcted funds 2023 Total funds 2023 Total lunds 2022 Nots Incoma from: Donations and legacles Investments 710,174 920 710,174 920 324,312 42 Totsl Income 711.094 711.094 324,354 Expenditur• on: Charitable activibes 479.957 479,957 408.332 Total expenditur• 479,957 479,957 408,332 Not movement in funds 231,137 231,137 183,978) Ro¢on¢lllatlon of funds- Total fund$ brought fotward Net movement in fijnds 458,107 231,137 458,107 231,137 542,085 183,9781 Total funds carri•d foThvard 689,244 689,244 458,107 The Statement of Finandal Activibes includes all gains and losses recognised in the year. The notes on page¥ 15 to 23 form part of these )Inancial statements. Page 12
Mèals & More Balance Sheet As at 30 June 2023 2023 2022 Not• Current assets Debtors 305.180 408.922 85,884 422,685 Cash Al bank and In hand 714,102 508,569 Credltors.. amounts faSIing due vithin one year 10 124,8581 {50.4621 Net current assets 689,244 458,107 Totsl net assets 689,244 458,107 Charity funds Unreslricled lunds 689,244 458.107 Total funds 689,244 458,107 The financial statements were approved and aulhorlsed for Issue by the Trustees and slgned on theSr behalf by: IA Kath8rlne Ann Woodhouse Chair of TrtJStees Dale.. Ig 11.11211 The notes on pages 15 to 23 form part of these financial stalemenls. Page 13
Meal8 & More Statemgnt of Ca8h Flow8 For the Year Ended 30 Junè 2023 2023 2022 Cash flows from op•ratlng actlvities Nel cash used in operating activitieg (see note 131 113.7631 15,0811 Change in cash and cash gqulvalonts In the yoar Cash and cash equivalents al the beginnlng of the year 113.763 422,685 15,0811 427,766 Cash and cash equlval•nt$ at the end of the year {$99 nole 141 408,922 422,685 The note$ on page5 15 10 23 form part of these financial statements Page 14
Meals & More Notgs lo the Financlal Statements For the Year Ended 30 Juno 2023 GÈnÈr81 Infom7ation Meals & More Ilhe Charity'l is a Charllable Incorporated organisatson registered on 6th July 2018 with the charity registration number 1179092 and the company registration number CE014575. The address of the registered office is Enterprise House. Nicholas Road, Eureka Science Park, Ashford, Ken( TN25 4AG. Accountlng pollcleJ 2.1 B8?is of preparation of flnonelal $tatsments The financial statemen15 have been prepared in accordance wth ihe Ch8rf1ies SORP IFRS 1021 Accoun9 and Reporbng by Charrties.. Staternent of Recommended Pract1¢0 applicable lo charities preparing their accounts in accordance with the Financial Reporbng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Meals & ma la Charitable Incorporated Organi$ationl meets the deffnition of ¥ public benefit entity under FRS 102. Assets and liabilitie5 are initially recognised at hlslorical cost or transa¢lion value unless otherwise staled in the relevant accounting policy. The financial statements have been prepared to give a Irue and fairf view and have departed from the Charlties (Accounts and Reportsl Reyulations 2008 only lo the extent required lo provide a 'true and fairf vlew. Thi3 departure has involved following the Chaiilies SORP IFRS 1021 published in O¢tober 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effectiv& from 1 April 2005 which has since been wthdrawn. The finan¢lal stslements are presented in UK sterfing, 1¢h is the functional cuThency. rounded to the nearest pound. 2.2 Golng ¢on¢em The Trustees assess vthether the use of going concern is appropriate, i.e. whether there are any material uncertainties related lo events or conditions that may cast signiffcanl doubt on the ability of the Charity lo continue as a going concem. The Trustees makè this assessment in respect of a period of al least one year Irom the dale of authorisation for issue of tt)e financial statements 8fbd have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about Ihe Charity's abilty lo Continue as a going coneern, Ihuy they continue to adopt the goin9 concern basis of accDunting in preparing the financial statements. 2.3 Fund accounting General funds are unrestricted fvnds which are avallable for use at the discretion of the Trustees in furtheran¢e of the general objecbves of the Charity and which have not been designated for other purposes. Investment in¢ome, gains and losses are allocated to the appropriate fund. Page 15
Meals & More Motss to tho Flnan¢lal Statements Forthe Year Endod 30 June 2023 Accountlng poliei8s Icontinuedl 2.4 Incomg All income is recognised once the Charity has entitlement to the income. il is prOba1e that the ncome will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of Financial Acliwties on a receivable basis. The balance of income received for specific purposes bul not expended during Ihe period is shown in the relevant funds on the Balance Sheet. Where income Is receNed in advance of entillemenl of receipt, its recognition is deferred and included in creditors as deferred income. Where entrtlernenl occurs before income is received, the income 8 accrued. On receipt, donated professional service8 and facilities are recognised on the basis of the value of the gift lo the Charity which is the amount it would have been willing to pay lo obtain services or facilities of equivalent ewnomic benefit on the open markel,. a corresponding amount is then recognised in expenditure in the period of receipt. Income tax recoverable In relatlon to donations received under Grft Aid or deeds of Covenant Is re¢ognlsed at the tsme of the donation. On receipt, donated prDfes5ional services and facilities are recognised on the basis of the v81ue of the gift to the Charity which Is the amount It would have been Alling to pay lo obtain services or facilities of equivalent economic benefit on the open maikel,. a corresponding amount is then recognised In expenditure in the period of receipt. Income lax recoverable in relation to investment income is recognised at the time th& investment income is receivable. 2.$ Exp8ndltur Expenditure is recognised once there 15 a legal or conslruclive obligation to transfer economic benefit lo a third party, it is prob8ble that a transfer of economic benefits will be required in settlement and the amount of the obligation can be MeaSud ieliat4y. Expenditure on charitable activities is incurred on directly undertaklng the activities which fvrther the Charty's objectives, as well as any associated support costs. All expenditure is inclusive of Irrecoverable VAT. 2.6 Intere$t recelvable Interest on lunds held on deposit is included when receivable and the amount can be measured reliably by the Charity., this is normally upon nolificatSon of the Interest paid or payable by the institution whom the fund5 are deposited. 2.7 Dgbtors Trade and other debtors are recognised al the settlement amount Prepayments arè valued al the amount prepaid. 2.8 Cash at bank and in hand Cash at bank and in hand includes cash and short.term highly Ilquid Investments th a short maturity of three months or less from the dale of acqui5I1ion or opening of the deposit or similar account. Page 16
M•al• & More Not•$ to the Flnanclal Statements For the Year Ended 30 JU 2023 Accounting pollcies Icontinu8d) 2.9 Ll•bllities and provl$lon8 LialIti.eS are re¢ognlsed when there is an obligab'on at the Balance Sheet dale as a result of a past event. il is probable that a transfer of economic benefit will be requlred in 5etllemenl, and the amount of the setdemenl can be estimated reliably. Liabilities are recognised al the amount that the Charty anticipates rt will pay to $etUe the debt or the amount li h8$ receNed as advan¢ed payments for the goods or services il must Provide. Provisions are measured al the best eslmale of the amounts required 10 settle the obligallon. Where the èffect of the lime value of money is material. the provision 15 based on the present value of those amounts, discounted at the pre-tax discount rale that reflects the risks specific to the liability. The unwnding of the discount Is recogni5ed in the Statement of Financial Ath'vitios as a finance cost. 2.10 Flnanelal Instruments The Charity only has finanaal assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are inibally recognised at transacts'on value and subsequenuy measured al their sethemenl value. Critlcal accountlng o$Umatss and ar8a$ of Judgemant Eslimales and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Charlty does not currently have any significant accounlin9 estimates or are8s of ludgement. Page 17
Meals & hlore Notes to tho Flnan¢lal Ststsments For tho Y•ar Endod 30 June 2023 Incom& from donation$ #nd legacias Unrostrlctsd funds 2023 Total funds 2023 Total funds 2022 Donations Grants 259,646 450.528 259,646 450,528 204,939 119,373 710,174 710,174 324,312 Totsl 2022 324.312 324,312 Investment Income Unrestricted funds 2023 Total funds 2023 Total funds 2022 Inlere8t recavable 920 920 42 Total 2022 42 42 Page18
Meals & More Motos to the Financial Statements Fortho Year Ended 30 June 2023 Analysis of expandlture by actlvltltrs Dlre¢t costs 2023 Support costs 2023 Total funds 2023 Total funds 2022 Charitable activities 349,861 130,096 479,957 408.332 Total 2022 260,203 148,129 408,332 Analysls of dlrect costs Unrnstrfcted funds 2023 Total funds 2023 Total nds 2022 Payments to contracted partners 349.861 349,861 260.203 Totsl 2022 260.203 260,203 Analysi5 of support costs Unrestrict•d funds 2023 Total funds 2023 Total funds 2022 Donated senhces and facilities - Stsff costs Stsff expenses Independent examinerfs fees Marketing Legal and con¥uhancy Bank charges Donated seNices and facilities- Rent and ultilitie5 Miscellaneous Bad debt provision Trustees, insurance 98.131 1.712 3,993 1.563 98,131 1,712 3.993 1,S63 105,488 2,039 4,350 4,667 6,745 246 19,500 410 4,334 360 291 291 19.SOO 489 4.417 19,500 489 4,417 130,096 130.096 148,129 Totsl 2022 148.129 148,129 Page 19
Meals & More Notgs to thg Flnanclal Statsments For tha Ygar Ended 30 June 2023 staff costs 2023 2022 Donated services and facilities- Staff costs 98,131 105,488 98.131 105,488 The average number of persons employed by the Charity during the year was as follows-. 2023 No. 2022 No. Donated services and facilities Staff members No employee recelved remuneratson amounting to more than £60.000 in either year. The Charity's Trustees are considered to be the key management personnel. As noted in note 9, none of the Trustees were remunerated during the year12022'. £Nill. Trust••s' r•muneration and expenses Durfng the year, no Trustees received 8ny remuneratl¢)n or other benefits12022 - £NILI. During the year ended 30 June 2023, there ¥ no expenses reimbursed or paid directty lo any of the TnJstees12022 £Nil>. Dobtors 2023 2022 Debtors due after more than 1 year Due wlthln onè yaar Trade debtors 100.000 92,908 112,272 85,884 other debtors 305.180 85,884 Page 20
Mo01$ & More Notes to thè Financial Statgments For the Year Ended 30 June 2023 10. Crèdltor5: Amounts falllng duo vAthln on• y•ar 2023 2022 Trade credltors other creditors Accruals 20,866 46,321 511 3,630 3,993 24,858 50,462 11. Stat•m8nt of funds Statement of funds - current year Balance at 30 Juno 2023 Balancè #t 1 July 2022 Income Expndlture Unr•strictgd funds General Funds 458,107 711.094 1479,9571 689.244 Statement of funds- prlor yèar Balance al 30 June 2022 Balance at 1 July 2021 Income Expenditure Unro$trl¢tod funds General Funds 542,085 324,354 1408,332 458,107 Page21
Meals & Mor8 Notgs to the Flnanelal Ststements Forth& Yoap Ended 30 June 2023 12. Analysls of net aSts bo10n funds Analys18 01 net assets betsveen funds - current year Unrestricted funds 2023 Total funds 2023 Debtors due after more than one year Current assets Creditors due vlthln one year 100.000 614,102 124,8581 100,000 614,102 124,8581 Total 689,244 689.244 Analysls of not assots tween funds- prior yegr Unrestricted fund5 2022 Total funds 2022 Current asset$ Creditors due wthSn onè year 508,569 (50.4621 508,569 150,4621 Total 458,107 458,107 13. RKon¢lllatlon of not movgmgni In fvnds to n•t cash flow from operallng actlvltles 2023 2022 Net incomelexpendilure for Ihg year las per Statement of Financial Activitiesl 231.137 183,978} AdJu$tments for: (Increaselloecrease In debtors Decrease in creditors 1219,296} {25.604} 110.438 131.5411 N•t cash u$gd In operating octlvltles {13,7631 15,081) Page 22
Meals & Moro Notes to the Flnancial Sl•l•monts For the Yèar Ended 30 June 2023 14. Analysis of cash and cash oquivalents 2023 2022 Cash In hand 408.922 422,685 Totsl cash arKI cash equlvalents 408,922 422.685 15. Analysls of chang•s in net debt At 1 July 2022 Ca8h flows At 30 Jun• 2023 Cash al b8nk and in hand 422,685 113.7631 408,922 422,685 113,7631 408,922 16. Rfrlatfrd party tran$act•ons Meals & More la Charitable Incorporated Organisalion) was originally sel up by Brake Bros Limited (Brakes), which continues to support the Charity. There is an operational support agreement in place betsveen the two entities. Al the year end Brakes owe the Charity £212,272, wlh £100,000 of this falling due in more than one year. 12022., the Charity owed £511 to Brake51. Brakes continue lo ma81 119 exi$ling commitments lo the Charty under the grant agreement in place, with annual cash contributions of £120,00012022.. £100,000). Brakes has also granted the Charlty u$e of 51$ own gtaff members, plus provides office space, utilitleg and use of equipment lo the Charity free of charge, during the financial period. The value of this staff time, rent. ulililies and equipment amounts lo an additional donation of £117,631 {2022.' £124,988). This has been accounted for as donated services and facilities in these financial stslements. Page 23