Curb Hunger
Trustees’ Annual Report and Accounts
01 February 2020 to 31 January 2021
Charity Number: 1181393
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Contents
| Reference and Administration Details …………………………………………………………… | 3 |
|---|---|
| Trustees’ Report …………………………………………………………………………………… | 4 |
| Statement of Financial Activities ………………………………………………………………… | 6 |
| Balance Sheet ……………………………………………………………………………………... | 7 |
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Reference and Administration Details
Charity Name: Curb Hunger Charity Number: 1181393 Registered Address: Unit 3, Old Dalby Trading Estate Station Road Old Dalby Leicester LE13 3NE Trustees: Ms Gabriela Jurikova Ms Hannah Edwards Bank: Metro Bank One Southampton Row London WC1B 5HA
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Introduction
The Trustees present their annual report together with the financial statements of the charity for the year ended 31 January 2021.
The financial statements have been prepared in line 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 United Kingdom (FRS102) (effective 01 January 2019) as detailed in the accounting policies.
Structure, Governance, and Management
Curb Hunger (the “Charity”) was registered as a charitable incorporated organisation on 02 January 2019.
Trustees are appointed by the Board of Trustees, and meet four times a year to deal with the governance of the charity. The induction process for newly appointed Trustees comprises an initial meeting with the Trustees to brief them on their legal obligations under charity law, the decision-making processes of the charity, and its policies and procedures. Moreover, Trustees are provided with a handbook which delineates wider information regarding the charity’s operation.
Risk Management
The Trustees have examined the major strategic, business, and operational risks which the charity faces, and confirm that systems have been established to ensure regular reports are produced for Trustees to ensure all necessary actions are taken to lessen and mitigate any posed risks.
Public Benefit
The Trustees have complied with the duty in Section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission in respect of public benefit.
Objectives and Activities
The principal objective of the charity is the prevention or relief of poverty and / or financial hardship among those who are socially or economically disadvantaged, the homeless, and those persons in need in the United Kingdom by providing items and services to individuals in need and / or organisations working to prevent and / or relieve poverty.
Achievements and Performance
The charity has been chiefly focused on continuing the development of the requisite technology, software, and hardware required for vending machines to be utilised effectively in furtherance of the objectives. To date, the core focus has remained on ensuring that the underlying technology is robust, which is of critical importance in order for us to ensure that the charity’s objectives are executed as efficiently as possible. The impact of Covid-19 has had a significant impact on performance, with development and required steps being delayed and actioned at a substantially slower pace.
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Fundraising
The charity did not apply for any grants or make any concerted fundraising effort as existing funds allowed for the effective operation of the charity. However, as we intend to engage in fundraising in the future, the charity has voluntarily registered with the Fundraising Regulator.
Financial Review
No income was derived during this period.
Reserves Policy
The charity recognises the importance of maintaining a sufficient reserve to bridge the gap between the spending and receiving of income and to cover emergency expenditure. The Trustees consider that the ideal level of reserves as at 20 January 2022 is £1,000, however the figure is expected to rise considerably as the charity experiences growth.
Plans for Future Periods
The Trustees intend to steadily expand the charity over the coming year, but are presently focusing their attention towards ensuring that the requisite technology is refined to the most superlative standard before focusing on the strategy in respect of the charity’s growth. The homelessness epidemic shows no sign of abating, and has been exacerbated by the debilitating impact of Covid-19, especially in respect of severely constraining the funding available to charities operating on the frontline. There’s an increased need for the service provided by Curb Hunger, and the Trustees intend on developing close partnerships with local authorities and other partner organisations in order to deliver the most impactful support to the socially or economically disadvantaged, the homeless, and those persons in need.
Approval
This report was approved by the Board of Trustees on 20 January 2022 and signed on its behalf by:
Hannah Edwards Chair of Trustees
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Statement of Financial Activities
For the year ended 31 January 2021
| Year End Year End |
|
|---|---|
| 31/01/2021 31/01/2020 |
|
| £ £ |
|
| **Income from: ** | |
| Donations and legacies 119.00 5049.95 |
|
| Charitable activities 0.00 0.00 |
|
| Grants and contracts 0.00 0.00 |
|
| Other trading activities 0.00 0.00 |
|
| Investments 0.00 0.00 |
|
| Total income 119.00 5049.95 |
|
| Expenditure on: | |
| Raising funds - - |
|
| Charitable activities | |
| Operation of the charity 470.00 266.70 |
|
| Total expenditure | |
| 470.00 266.70 |
|
| Net income/(expenditure) | |
| -351.00 4783.25 |
|
| Net income/(expenditure) and net | |
| movement of funds -351.00 4783.25 |
|
| Reconciliation of funds | |
| Total funds brought forward 4783.25 0 |
|
| Total funds carried forward 4432.25 4783.25 |
The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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| Balance Sheet | ||
|---|---|---|
| Year End | Year End | |
| As at 31 January 2021 | 31/01/2021 | 31/01/2020 |
| £ | £ | |
| Fixed assets | ||
| Tangible assets | ||
| Total fixed assets | 0 | |
| Current assets | ||
| Debtors | ||
| Cash at bank and in hand | 4,432.25 | 4,783.25 |
| Total current assets | 4,432.25 | 4,783.25 |
| Creditors:amounts falling due within | 0.00 | |
| one year | ||
| Net current assets | 4,432.25 | 4,783.25 |
| Total assets less current liabilities | 4,432.25 | 4,783.25 |
| Total net assets or liabilities | ||
| 4,432.25 | 4,783.25 | |
| Funds of the charity | ||
| Total funds | 4,432.25 | 4,783.25 |
| These financial statements were approved by the Board on: 20 February 2021 | ||
| and are signed on its behalf by Ms Hannah Edwards |
___ | |
| Chair of Trustees |
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