COMPANY REGISTRATION NUMBER: CE019599 CHARITY REGISTRATION NUMBER: 1186356
Meals on Wheels Cumbria CIO Company Limited by Guarantee Unaudited Financial Statements 31 October 2021
GORDON CONSULTANCY LIMITED
Chartered accountants Briar Lea House Brampton Road Longtown Carlisle Cumbria CA6 5TN
Meals on Wheels Cumbria CIO
Company Limited by Guarantee
Financial Statements
Year ended 31 October 2021
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities (including income and | |
| expenditure account) | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 18 |
| Notes to the detailed statement of financial activities | 19 |
Meals on Wheels Cumbria CIO
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 October 2021
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 October 2021.
Reference and administrative details
Registered charity name Meals on Wheels Cumbria CIO Charity registration number 1186356 Company registration number CE019599 Principal office and registered Meadow View office Low Cotehill Carlisle Cumbria CA4 0EL UK
The trustees
Mr D Price Mrs L Hutchinson Mrs C Harris Mr C Harris Mrs V Higgs (Appointed 18 October 2021) Independent examiner Mr RW Gordon, FCA Briar Lea House Brampton Road Longtown Carlisle Cumbria CA6 5TN
Structure, governance and management
The charity is a CIO governed by its four trustees.
Objectives and activities
The objective of the CIO is for the relief of those in need for reason of age, infirmity, illness or disability living in the county of Cumbria by the provision of a meals on wheels service to people who are unable to prepare hot, nutritious meals themselves thereby helping them to live independently in their own homes.
1
Meals on Wheels Cumbria CIO
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 October 2021
Achievements and performance
This period saw the first full year of operations within our new building and the consolidation of foundational work carried out in previous years. With precautions in place to protect our clients from Covid the method of operation, particularly with our delivery volunteers has been different. We look forward to the day when closer contact with our client is possible, but we are satisfied that the service has not unduly suffered during this period.
The year has seen a significant increase in clients and with the new demands, an increase in employed staff. One of our goals was to see the widening of administrative functions to other members of staff outside of the Project Co-ordinator - a process which has found its feet in recent months.
Work on improving the building has continued and it has been gratifying to see the hall used by other groups - but this is clearly an area where future growth can be garnered. The increase in clients led to further kitchen improvements and work-space expansion and with work to the toilets moving forward, future new uses of other spaces are being explored.
The service continues to expand its area of geographical reach and services to Wigton and Longtown have become more popular together with a strong growth around Brampton and rural. Requests continue to arise from Penrith and West Cumbria and over the months there have been a number of consultations with bodies in both areas. As yet, there is no further move forward although it is anticipated Meals on Wheels Cumbria will continue in its expansive outlook.
We were able to welcome new client groups in this year with meals provided to youth outreaches in school holidays. These included sports weeks and Fire Station outreach in both Carlisle and Penrith. Perhaps most significant has been a new partnership which began at our year end with the NHS and Age UK. In this initiative Meals on Wheels Cumbria received grant funding to allow for 4 weeks of free meals for those leaving hospital under a care plan. Although this is not reflected in this financial year, it is a significant future program that underpins the improvements and expansion made in this year.
Financial review
The charity has been able to increase its reserves during the financial period but recognised the need for future-proofing finances in October 2021. Supplies and energy costs continue to rise sharply and with further staffing costs and the need to improve staff pay, the decision was made to increase meal costs to clients.
The trustees are particularly grateful for the significant grant funding received during this year which has helped enormously with the development of the project. Grants were received this year from:
Cumbria Community Foundation Cumbria County Council National Lottery Community Fund National Lottery Awards for All Hadfield Trust Foyle Foundation Francis Wyndham Foundation Co-op Community Fund Garfield Weston Fund Carlisle City Council The High Sheriff of Cumbria
2
Meals on Wheels Cumbria CIO
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 October 2021
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 25 July 2022 and signed on behalf of the board of trustees by:
Mr D Price Trustee
3
Meals on Wheels Cumbria CIO
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Meals on Wheels Cumbria CIO
Year ended 31 October 2021
I report to the trustees on my examination of the financial statements of Meals on Wheels Cumbria CIO ('the charity') for the year ended 31 October 2021.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr RW Gordon, FCA Independent Examiner
Briar Lea House Brampton Road Longtown Carlisle Cumbria CA6 5TN
4
Meals on Wheels Cumbria CIO
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 October 2021
| Period from | |||||
|---|---|---|---|---|---|
| 14 Nov 19 to | |||||
| Year | to 31 Oct | 21 | 31 Oct 20 | ||
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 4,505 | 36,000 | 40,505 | 31,311 |
| Charitable activities | 6 | 123,411 | – | 123,411 | 79,620 |
| Other trading activities | 7 | – | – | – | 30,468 |
| Investment income | 8 | 2 | – | 2 | 9 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total income | 127,918 | 36,000 | 163,918 | 141,408 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 9,10 | 111,505 | 23,341 | 134,846 | 102,222 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 111,505 | 23,341 | 134,846 | 102,222 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net income and net movement in | funds | 16,413 | 12,659 | 29,072 | 39,186 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 39,186 | – | 39,186 | – | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 55,599 | 12,659 | 68,258 | 39,186 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 16 form part of these financial statements.
5
Meals on Wheels Cumbria CIO
Company Limited by Guarantee
Statement of Financial Position
31 October 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 15 | 7,455 | 8,433 |
| Current assets | |||
| Debtors | 16 | 889 | 1,775 |
| Cash at bank and in hand | 67,455 | 31,679 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 68,344 | 33,454 | ||
| Creditors: amounts falling due within one year | 17 | 7,541 | 2,701 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Net current assets | 60,803 | 30,753 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total assets less current liabilities | 68,258 | 39,186 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Net assets | 68,258 | 39,186 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Funds of the charity | |||
| Restricted funds | 12,659 | – | |
| Unrestricted funds | 55,599 | 39,186 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total charity funds | 19 | 68,258 ৶৶৶৶৶৶৶৶ |
39,186 ৶৶৶৶৶৶৶৶ |
For the year ending 31 October 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 25 Jul 22, and are signed on behalf of the board by:
Mr D Price Trustee
The notes on pages 7 to 16 form part of these financial statements.
6
Meals on Wheels Cumbria CIO
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 October 2021
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Meadow View, Low Cotehill, Carlisle, Cumbria, CA4 0EL, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
(a) No cash flow statement has been presented for the company.
(b) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
7
Meals on Wheels Cumbria CIO
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 October 2021
3. Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
8
Meals on Wheels Cumbria CIO
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 October 2021
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
9
Meals on Wheels Cumbria CIO
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 October 2021
3. Accounting policies (continued)
Impairment of fixed assets (continued)
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
10
Meals on Wheels Cumbria CIO
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 October 2021
3. Accounting policies (continued)
Financial instruments (continued)
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
Meals on Wheels Cumbria CIO is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 25 | – | 25 |
| Grants | |||
| Grants receivable | 4,480 | 36,000 | 40,480 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 4,505 | 36,000 | 40,505 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 57 | – | 57 |
| Grants | |||
| Grants receivable | 31,254 | – | 31,254 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 31,311 | – | 31,311 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
11
Meals on Wheels Cumbria CIO
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 October 2021
6. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Sale of goods/services as part of direct | |||||
| charitable activities | 123,411 | 123,411 | 79,620 | 79,620 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 7. | Other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Transfer from Meals on Wheels | |||||
| Cumbria Limited | – | – | 30,468 | 30,468 | |
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 8. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 2 | 2 | 9 | 9 | |
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ||
| 9. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Meals on Wheels | 106,484 | 23,341 | 129,825 | ||
| Support costs | 5,021 | – | 5,021 | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| 111,505 | 23,341 | 134,846 | |||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| £ | £ | £ | |||
| Meals on Wheels | 97,952 | – | 97,952 | ||
| Support costs | 4,270 | – | 4,270 | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| 102,222 | – | 102,222 | |||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
12
Meals on Wheels Cumbria CIO
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 October 2021
10. Expenditure on charitable activities by activity type
| Activities | Activities | |||||
|---|---|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||||
| directly Support costs | 2021 | 2020 | ||||
| £ | £ | £ | £ | |||
| Meals on Wheels | 129,825 | – | 129,825 | 97,952 | ||
| Governance costs | – | 5,021 | 5,021 | 4,270 | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |||
| 129,825 | 5,021 | 134,846 | 102,222 | |||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| 11. | Net income | |||||
| Net income is stated after charging/(crediting): | ||||||
| 2021 | 2020 | |||||
| £ | £ | |||||
| Depreciation of tangible fixed assets | 2,485 | 2,811 | ||||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | |||||
| 12. | Independent examination fees | |||||
| Period from | ||||||
| Year to | 14 Nov 19 to | |||||
| 31 Oct 21 | 31 Oct 20 | |||||
| £ | £ | |||||
| Fees payable to the independent examiner for: | ||||||
| Independent examination of the financial | statements | 180 | 180 | |||
| ৶৶৶৶ | ৶৶৶৶ |
13. Staff costs
The average head count of employees during the year was 6 (2020: 8). The average number of full-time equivalent employees during the year is analysed as follows:
| 2021 | 2020 | |
|---|---|---|
| No. | No. | |
| Number of staff | 6 | 8 |
| ৶৶৶৶ | ৶৶৶৶ |
No employee received employee benefits of more than £60,000 during the year (2020: Nil).
14. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
13
Meals on Wheels Cumbria CIO
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 October 2021
15. Tangible fixed assets
| Plant and | |||
|---|---|---|---|
| machinery | |||
| £ | |||
| Cost | |||
| At 1 November 2020 | 11,244 | ||
| Additions | 1,507 | ||
| ৄৄৄৄৄৄৄৄ | |||
| At 31 October 2021 | 12,751 | ||
| ৶৶৶৶৶৶৶৶ | |||
| Depreciation | |||
| At 1 November 2020 | 2,811 | ||
| Charge for the year | 2,485 | ||
| ৄৄৄৄৄৄৄৄ | |||
| At 31 October 2021 | 5,296 | ||
| ৶৶৶৶৶৶৶৶ | |||
| Carrying amount | |||
| At 31 October 2021 | 7,455 | ||
| ৶৶৶৶৶৶৶৶ | |||
| At 31 October 2020 | 8,433 | ||
| ৶৶৶৶৶৶৶৶ | |||
| 16. | Debtors | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Trade debtors | 889 | 1,775 | |
| ৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 17. | Creditors: amounts falling due within one year | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Trade creditors | 7,181 | 2,341 | |
| Accruals and deferred income | 360 | 360 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| 7,541 | 2,701 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
18. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £472 (2020: £Nil).
14
Meals on Wheels Cumbria CIO
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 October 2021
19. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| 1 November 2 | 31 October 2 | |||
| 020 | Income | Expenditure | 021 | |
| £ | £ | £ | £ | |
| General funds | 39,186 | 127,918 | (111,505) | 55,599 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| At | At | |||
| 14 November | 31 October 20 | |||
| 2019 | Income | Expenditure | 20 | |
| £ | £ | £ | £ | |
| General funds | – | 141,408 | (102,222) | 39,186 |
| ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Restricted funds | ||||
| At | At | |||
| 1 November 2 | 31 October 2 | |||
| 020 | Income | Expenditure | 021 | |
| £ | £ | £ | £ | |
| Hadfield Trust | – | 5,000 | (2,934) | 2,066 |
| Foyle Foundation | – | 5,000 | (3,740) | 1,260 |
| Cumbria Community Foundation | – | 3,000 | (3,000) | – |
| Francis Winham Foundation | – | 5,000 | (5,000) | – |
| Lottery Awards 4 All | – | 10,000 | (4,167) | 5,833 |
| Garfield Weston Foundation | – | 6,000 | (2,500) | 3,500 |
| Cumbria County Council | – | 2,000 | (2,000) | – |
| ৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| – | 36,000 | (23,341) | 12,659 | |
| ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| At | At | |||
| 14 November | 31 October 20 | |||
| 2019 | Income | Expenditure | 20 | |
| £ | £ | £ | £ | |
| Hadfield Trust | – | – | – | – |
| Foyle Foundation | – | – | – | – |
| Cumbria Community Foundation | – | – | – | – |
| Francis Winham Foundation | – | – | – | – |
| Lottery Awards 4 All | – | – | – | – |
| Garfield Weston Foundation | – | – | – | – |
| Cumbria County Council | – | – | – | – |
| ৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄ | |
| – | – | – | – | |
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶ |
15
Meals on Wheels Cumbria CIO
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 October 2021
20. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Tangible fixed assets | 7,455 | – | 7,455 |
| Current assets | 55,685 | 12,659 | 68,344 |
| Creditors less than 1 year | (7,541) | – | (7,541) |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Net assets | 55,599 | 12,659 | 68,258 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Tangible fixed assets | 8,433 | – | 8,433 |
| Current assets | 33,454 | – | 33,454 |
| Creditors less than 1 year | (2,701) | – | (2,701) |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Net assets | 39,186 | – | 39,186 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
16
Meals on Wheels Cumbria CIO
Company Limited by Guarantee
Management Information
Year ended 31 October 2021
The following pages do not form part of the financial statements.
17
Meals on Wheels Cumbria CIO
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 October 2021
| Period from | ||
|---|---|---|
| Year to | 14 Nov 19 to | |
| 31 Oct 21 | 31 Oct 20 | |
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 25 | 57 |
| Grants receivable | 40,480 | 31,254 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 40,505 | 31,311 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Charitable activities | ||
| Sale of goods/services as part of direct charitable activities | 123,411 | 79,620 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Other trading activities | ||
| Transfer from Meals on Wheels Cumbria Limited | – | 30,468 |
| ৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Investment income | ||
| Bank interest receivable | 2 | 9 |
| ৄৄৄৄ | ৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Total income | 163,918 | 141,408 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Purchases | 35,358 | 27,203 |
| Wages and salaries | 53,592 | 39,960 |
| Employer's NIC | 3,931 | 8,557 |
| Pension costs | 472 | – |
| Rates and water | 771 | – |
| Light and heat | 4,697 | – |
| Repairs and maintenance | 6,563 | 3,174 |
| Insurance | 1,425 | 571 |
| Other motor/travel costs | 15,190 | 10,484 |
| Legal and professional fees | 2,536 | 1,459 |
| Telephone | 778 | 686 |
| Other office costs | 7,048 | 7,317 |
| Depreciation | 2,485 | 2,811 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 134,846 | 102,222 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Total expenditure | 134,846 | 102,222 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net income | 29,072 | 39,186 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
18
Meals on Wheels Cumbria CIO
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 October 2021
| Period from | ||
|---|---|---|
| Year to | 14 Nov 19 to | |
| 31 Oct 21 | 31 Oct 20 | |
| £ | £ | |
| Expenditure on charitable activities | ||
| Meals on Wheels | ||
| Activities undertaken directly | ||
| Purchases | 35,358 | 27,203 |
| Wages/salaries | 53,592 | 39,960 |
| Employer's NIC | 3,931 | 8,557 |
| Pension costs | 472 | – |
| Rates & water | 771 | – |
| Light & heat | 4,697 | – |
| Repairs & maintenance | 6,563 | 3,174 |
| Insurance | 1,425 | 571 |
| Travel costs | 15,190 | 10,484 |
| Telephone | 778 | 686 |
| Other office costs | 7,048 | 7,317 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 129,825 | 97,952 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Governance costs | ||
| Accountancy fees | 885 | 1,087 |
| Legal and other professional fees | 1,651 | 372 |
| Depreciation | 2,485 | 2,811 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 5,021 | 4,270 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Expenditure on charitable activities | 134,846 | 102,222 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
19