| Page | |||
|---|---|---|---|
| Report of | the Trustees | ||
| Reference | and Administrative Information |
14 | |
| Report of | the Independent | Examiner | 16 |
| Statement | of Financial Activities | 17 | |
| Statement | ofCash Flows | 19 | |
| Notes forming part ofthe | Financial Statements | 20 |
| Role | Person | |||||
|---|---|---|---|---|---|---|
| CEO, directly managing the Operations |
Manager —and | Vacant | ||||
| through her, all the other staff. |
||||||
| Operations Manager, managing |
the Team | Leaders ofthe | ||||
| Client Response Team and the Children's Team; plus the |
Pip Martin | |||||
| Project Leader ofthe Furniture | Team; and | the Office and | ||||
| Finance Manager. | ||||||
| Team Leader ofthe Client Response Team managing | the | Karen Everitt | ||||
| following three members ofthat team. | ||||||
| Volunteer Coordinator at the Warehouse | Namrine | Robert | ||||
| Client Contact Worker | Lorena Aires | |||||
| Admin Assistant at WorldFoods | Food Hub, | Client Contact | Rinan Fatayer | |||
| Worker (and Arabic Translation) | ||||||
| Team Leader forthe Children's | Team, managing the |
Al sia Cannock | ||||
| following two members ofstaff. | ||||||
| Volunteer Co-ordinator forthe | Baby Project; and Market | Marche lie McHikoma | ||||
| Place Events | ||||||
| Education, Training and Employment Worker. |
Dr Lin Armstrong | |||||
| Project Leader ofthe Furniture | Project, managing the | Dawn Probe | rt | |||
| following member ofstaff. | ||||||
| Volunteer Co-ordinator forthe | Furniture Project |
Neal Probert | ||||
| Office and Finance Manager | Jayne Davies | |||||
| The following members ofstaff | left during | 2022 | ||||
| Katie Wilson | ||||||
| Gladys William | ||||||
| Katie Clarke | ||||||
| Sue Sampson founder and unpaid CEO |
| Fund | Amount | Purpose | ||||
|---|---|---|---|---|---|---|
| Three years' funding till July 2025 |
||||||
| ARM Trust | f153,240 | forthe post of CEO | ||||
| (see page 22 note 5explaining deferral ofunspent |
||||||
| income) | ||||||
| Children in Need Next Steps |
f33,650 | Team Leader for Children's Team and Baby Project worker. |
||||
| Uoyds Bank Foundation England & Wales |
f27,250 | Salaries for management staff |
||||
| A five-year award period ending | ||||||
| National Lottery —Community (Reaching Communities) |
Fund | f63,256 | September 2023forthe Distribution Volunteers' Project —salaries of6 |
|||
| staff. | ||||||
| National Lottery —Community (Reaching Communities) |
Fund | f80,791 | Running Costs ofClothing Coventry, income received under custodian truSteeShip isee note 6a on page 22) |
|||
| National Lottery —Community Fund (Reaching Communities) via Mosaic Church Coventry |
f31,589 | Running costs ofWorld Foods Food Hub |
||||
| Bagold Ltd | f10,000 | To enable more families to become members ofWorldFoods Food Hub |
||||
| Arnold Clark Autos | f3,500 | Food at WorldFoods Food Hub |
||||
| Groundwork/Tesco | f500 | Food at WorldFoods Food Hub |
||||
| Youth with a Mission | f1,000 | Food at WorldFoods Food Hub |
||||
| Household Support Fund Coventry City Council |
via | f28,732 | Food at WorldFoods Food Hub |
|||
| Western Power Community | Matters | f2,500 | Food at WorldFoods Food Hub |
|||
| Tofund research into ante-natal | and | |||||
| Health Watch | f3,700 | birth experiences ofrefugee and | ||||
| asylum seekers | ||||||
| Coventry City Council | f5,103 | For Communication Champions |
||||
| 29 May Charitable Trust |
f5,000 | Emergency Fund: Essential items people in need. |
for | |||
| Heart of England Crisis Fund | f2,999 | Emergency Fund to support Ukrainian relief in Coventry. |
||||
| Priors Educational Trust |
f550 | Forthe Uniforms appeal | ||||
| Soothem &Cranor | f3,800 | Forthe Uniforms appeal | ||||
| Local businessman | f42,456 | Tofund accommodation costs ofthe warehouse, also 26, City Arcade |
||||
| Anonymous donation |
f10,100 | Tofund progression advice for clients and client-volunteers |
| arne ruetee |
o appo | ntment | erm expiree | erm expiree |
|---|---|---|---|---|
| Omaima Ahmed |
30January | 2020 | 30January | 2023 |
| Elizabeth Ann Thomson |
27September | 2020 | 27September | 2023 |
| Val Lewis | 27September | 2021 | 27 September | 2024 |
| Alvaro Grana | 27 September | 2021 | 27September | 2024 |
| Dillion Duma | 29September | 2021 | 29September | 2024 |
| Peter 0'8rien | 29September | 2021 | 29September | 2024 |
| Andrew Sayers |
29September | 2021 | 29September | 2024 |
| Kirsty M abbott |
29September | 2021 | 29September | 2024 |
| Lucinda Croft | 19September | 2022 | 09September | 2025 |
| Lydia Sampson | 19September | 2022 | 09September | 2025 |
| Angela Emerson |
14December | 2022 | 14December | 2025 |
| Cathy Clarke | 27 September | 2019 | Resigned 3August 2022 | |
| Ravi Mudapu | 29September | 2021 | Resigned 14December 2022 | |
| Sue Sam pson | 27September | 2021 | Resigned 08 February 2023 |
| STATEMENT OF FINANCIAL ACTIVITIES | STATEMENT OF FINANCIAL ACTIVITIES | STATEMENT OF FINANCIAL ACTIVITIES | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 12months ending 31st | December 2022 | ||||||||
| 31 | December | 2021 | 31 | December 2022 | |||||
| f | (Restated —note f |
2) E |
Note | E | E | f | |||
| Restricted | Total | INCOME from: | Unrestricted | Restricted | Total | ||||
| 110,518 | 342,515 | 453,033 | Monetary donations | 29,672 | 357,650 | 387,322 | |||
| Non-monetary donations: |
|||||||||
| 83,851 | 83,851 | -used goods | 1c | 56,929 | 56,929 | ||||
| -foodstuffs (FareShare) |
24,375 | 24,375 | |||||||
| Charitable activities |
16,942 | 16,942 | |||||||
| 4,353 | 4,353 | Trading income | 11,516 | 11,516 | |||||
| 236 | 236 | Investment Income: |
418 | 418 | |||||
| 198,959 | 342,515 | 541,474 | Total Income | 139,852 | 357,650 | 497,502 | |||
| EXPENDITURE on: | |||||||||
| 138,752 | 339,976 | 478,728 | Charitable activities |
3 | 156,447 | 362,369 | 518,816 | ||
| 867 | 867 | Fund raising costs | 5,047 | 5,047 | |||||
| 139,619 | 4».»4 | Total Expenditure | 161,494 | 362,369 | 523,863 | ||||
| f59,340 | E2,539 | E61,880 | Net [expenditure] / income during the year |
E(21,642) | f(4,719) | E(26,361) | |||
| 31 | December | 2021 | 31 | December 2022 | |||||
| (Restated) | |||||||||
| Unrestricted | Restricted | Total | |||||||
| E | f | f | |||||||
| 61.878 | Net income reported above | f(21,642) | E(4,719) | E(26,361) | |||||
| 109 | 235 | 131676 | 240911 | Add total Funds brought forward at beginning ofthe year |
168,574 | 134,215 | 302,789 | ||
| 574134215 | f302 7tft | otal Funds carried forward at | 11 | 146,932 | 129,496 | f276,428 |
| 12months ending 31Dec | em | ber 2 | 022 | ||||
|---|---|---|---|---|---|---|---|
| a1 | December | 31December | |||||
| 2021 | Cash provided by Operating |
Activities | 2022 | ||||
| 55,880 | Net (expenditure) / income forthe period Statement of Financial Activities |
as | reported | in the | (26,361) | ||
| Adjustments toeliminate non-operating |
activities | from the above | |||||
| result: | |||||||
| (236) | Investment activity: bank interest |
(419) | |||||
| (11,943) | Change in debtors |
(23,500) | |||||
| (3,453) | Change in creditors |
137,920 | |||||
| 10,589 | Non-cash transactions: fixed assets, depreciation |
gc loss on disposal | 14,835 | ||||
| E50,837 | Net cash provided by Operating Activities |
E102,475 |
| ec | onciliation | ofnet income to | net cash flow from operating activities | |
|---|---|---|---|---|
| 31 | December | 31December | ||
| 2021 | Cash flows arising from all activities | 2022 | ||
| 50,837 | Net cash provided | by operating activities (as above) |
102,475 | |
| Additional cash flows during the year: |
||||
| (2,483) | -from additions | to Fixed Assets | (6,333) | |
| 236 | -from investing | activities: bank interest income | 418 | |
| 48,590 | Increase in cash during the period | 96,560 | ||
| 202,608 | Add cash brought | forward from previous year | 251,198 | |
| f251,198 | Total cash atthe | end ofthe year | H47,758 |
| Sl December 1011 Restated |
Charitable Activity |
Total | 'Support Costs |
Bought Goods |
Donations Focdstug |
(6193,939) Money |
Used House- Hold Goob |
staff Costs |
Rent / storage costs |
Other Costs |
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| f | |||||||||||
| 90,686 | Food Hub & Assoc. costs |
159,510 | 23,433 | 79,559 | 24,375 | 23,935 | 1,050 | 6,958 | |||
| 177,286 | Furniture Project |
157,520 | 23,171 | 1,174 | 56,929 | 20,481 | 35,923 | 12,235 | 7,607 | ||
| 47,125 | Client Contact /Home Visits |
814459 | 11,979 | 13,431 | 53,026 | 3,003 | |||||
| Clothing Coventry |
|||||||||||
| 52,899 | (excludes Custodian | 45,975 | 6,763 | 1,110 | 1,635 | 22,968 | 3,554 | 9,945 | |||
| Trust, see note 6a) | |||||||||||
| 45,505 | Children's Work |
45,001 | 6,619 | 5,987 | 30,480 | 1,915 | |||||
| 25,336 | City Arcade meetings centre |
16,511 | 2,428 | 9,484 | 285 | 4,314 | |||||
| 24,304 | Other Donating |
11,419 | 1,680 | 9,739 | |||||||
| 15,587 | Learning / Training | 1,641 | 241 | 1,400 | |||||||
| E478,728 | TOTAL | f518,816 | 76,314 | 101,261 | 24,375 | 11,374 | 56,929 | 150,890 | 50,011 | 12,520 | 35,142 |
| ANALYSIS OF SUPPORT COSTS | ANALYSIS OF SUPPORT COSTS |
|---|---|
| Administration | E44,062 |
| Management | E32,252 |
| Total | E76,314 |
| Prepayments |
&Debtors | |||
|---|---|---|---|---|
| f | f | |||
| 2022 | 2021 | |||
| Coventry City Council: |
||||
| -Prepayment | for rent | 12,002 | 14,893 | |
| -Contractual | contribution | to Food Hub costs | 30,019 | |
| -Rent DepOSit & BOnd (2021restated) | 8,500 | 8,500 | ||
| HMRC Gift Aid | 6,022 | 5,764 | ||
| Mosaic Church | Coventry | 1,330 | ||
| Bank interest | 300 | 235 | ||
| Debtor for donations (CAF/Facebook) |
5,281 | |||
| Total Debtors &Prepayments | 58,17 | ~34,673 |
| Total | Motor | Ware- | City Arcade | Office | Food Hub | |||
|---|---|---|---|---|---|---|---|---|
| Vehicles | house | Fixtures, | Fixtures, | Equipment | ||||
| Fixtures, | Fittings & | Fittings & | ||||||
| Fittings & | Equipment | Equipment | ||||||
| Equipment | ||||||||
| COST | ||||||||
| Fixed Assets at beginning ofthe year |
66,134 | 41,087 | 17,034 | 4,655 | 2,219 | 1,140 | ||
| Additions | during the year at cost | 6,333 | 6,333 | |||||
| Less cost Arcade |
of disposal on vacating | Gty | (3,520) | (3,520) | ||||
| Cost of asset transferred from City |
||||||||
| Arcade | 1,135 | (1,135) | ||||||
| Total Cost at end ofthe year | 68,947 | 41,087 | 24,502 | 2,219 | 1,140 | |||
| DEPREGATION | ||||||||
| Provision | at beginning ofthe year |
41,276 | 30,205 | 7,065 | 2,327 | 1,109 | 570 | |
| Less provision for disposed asset | (1,760) | (1,760) | ||||||
| Provision | for transferred asset |
567 | (567) | |||||
| Additions | to provision during the |
year | 13,075 | 6,513 | 5,722 | 555 | 285 | |
| Total provision at end ofthe year | 52,591 | 36,718 | 13,354 | 1,664 | 855 | |||
| Net Book | Value 31December 2021 | 24,858 | 10,882 | 9,968 | 2,328 | 1,109 | 570 | |
| Net Book | Value 31December 2022 | 16,356 | 4,368 | 11,148 | 0 | 555 | 285 | |
| FUNDING | OF FIXED ASSETS | |||||||
| Total | Motor | Ware- | City Arcade | Office | Food Hub | |||
| Vehicles | house | Fixtures, | Fixtures, | Equipment | ||||
| Fixtures, | Fittings & | Fittings & | ||||||
| Fittings & | Equipment | Equipment | ||||||
| NET BOOK VALUE | f | Equipment f |
||||||
| Restricted Funds |
11,634 | 4,367 | 6,982 | 0 | 285 | |||
| Unrestricted Funds |
4,722 | 1 | 4,166 | 555 | 0 | |||
| Total 31December 2022 | 16356 | 4368 | 11148 | 555 | 285 | |||
| 23 |
| The rese | rves | policy of | the charity an | d explanation | ofthe designated fund |
ofthe designated fund |
is set out above | on page 12. |
|---|---|---|---|---|---|---|---|---|
| Unrestricted | ||||||||
| Restricted | ||||||||
| General | Designated | (Restated) | TOTAL | |||||
| E | ||||||||
| Funds b/f 1January 2022 | 65,025 | 98,000 | 139,765 | 6302,790 | ||||
| Net (expenditure) | during the year | (21,642) | (4,719) | E(26,361) | ||||
| Transfer | 3,000 | (3,000) | ||||||
| Funds c f 31 | December 2022 | fss 000 | 6135046 | 6276 2$ | ||||
| Summary | offunds | |||||||
| FUND SOURCE | OPENING | REVENUE | FUNDS | CAPITAL | FUNDS | CLOSING | ||
| BALANCE | Inc. | Exp. | Inc. | Exp. | BALANCE | |||
| IJanuary | 31December | |||||||
| 2022 | 2022 | |||||||
| (restated) | ||||||||
| Unrestrkted Funds |
E | E | E | |||||
| General | 65,025 | 137,490 | 147,238 | 8,894 | 46,SBS | |||
| Designated | 98,000 | 10,487 | 13,487 | 95,000 | ||||
| Subtotal unrestrkted | funds | 163,025 | 147,977 | 160,725 | 8,894 | 141,$8$ | ||
| Restrkted Funds |
||||||||
| ARM Trust | 2,359 | 21,574 | 19,215 | 2,949 | 1,769 | |||
| Awards for All (Clothing | Coventry) | 224 | 224 | |||||
| Public appeal (Clothing |
Coventry) | 28,874 | 1,626 | 27,513 | 354 | 2,6$S | ||
| Heart ofEngland DTD (Clothing Coventry) |
7,603 | 1,028 | 6,575 | |||||
| Baby Bags appeal | 636 | 9,128 | 6,355 | S,408 | ||||
| BBCChildren in Need |
11,309 | 33,650 | 32,253 | 12,706 | ||||
| Benefactor for costs of &Shop premises |
Warehouse | 9,295 | 42,456 | 36,601 | 1,750 | 1$,400 | ||
| Big Lottery Community Reaching Communities |
Fund- | 29,580 | 63,256 | 66,216 | 6,786 | 19,8$4 | ||
| Christmas Appeal |
2,914 | 6,510 | 6,878 | 2,546 | ||||
| Coventry Befriending |
12,712 | 5,247 | 7,465 | |||||
| Coventry City Council Bursary |
5,103 | 4,011 | 1,092 | |||||
| Food Hub | 32,010 | 124,008 | 108,763 | 435 | 46,820 | |||
| Healthwatch | 3,700 | 1,011 | 2,689 | |||||
| Heart ofEngland (Tampon |
Fund) | 100 | ||||||
| Lloyds Bank Foundation England &Wales |
for | 13,991 | 27,250 | 29,070 | 12,171 | |||
| Travel appeal | 870 | 527 | 1,189 | 208 | ||||
| Uniforms appeal |
6,149 | 4,420 | 1,729 | |||||
| Subtotal restrkted | funds | 139,765 | 357,648 | 350,094 | 12,274 | 1$5,045 | ||
| Total Funds | f302,790 | 505,625 | 510,819 | 21,168 | E276,428 |