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2021-12-31-accounts

Vitamin Angels UK Financial statements

For the year ended 31 December 2021

Company No. 11774286 Charity No. 1190247

Vitamin Angels UK Year ended 31 December 2021

Contents
Page
Legal and Administrative Information 1
Report of the Trustees 2 - 4
Trustees' Responsibilities Statement 5
Independent Auditor's Report 6 - 9
Statement of Financial Activities 10
Balance sheet 11
Notes to the Financial Statements 12 - 14

Vitamin Angels UK Year ended 31 December 2021

Company information

Vitamin Angels UK is registered as a charity and is a company limited by guarantee governed by its Articles of Association

Directors/Trustees

The directors of the Charitable company (the Charity) are its trustees for the purposes of charitable law and, throughout this report, are collectively referred to as the trustees.

Mr William George Moss Mr William Stephen John Hood Mr David Patrick Lewis

Company Number

Company No. 11774286 Charity No. 1190247

Registered Office

No.1 London Bridge London England SE1 9BG

Auditors

Moore Kingston Smith LLP 4 Victoria Square St Albans Hertfordshire AL1 3TF

1

Vitamin Angels UK Trustees’ Annual Report For the year ended 31 December 2021

Constitution and Governing Document

Vitamin Angels UK (the Charity) is registered as a charity and is a company limited by guarantee governed by its Articles of Association dated 17 January 2019. Vitamin Angels UK was registered as a charity on 3 July 2020.

Company No. 11774286 Charity No. 1190247

Members/Trustees

The Charity may appoint any person who is willing to act to be a Director by ordinary resolution of the Members. The trustees serving during the year and since the year end were as follows:

David Patrick Lewis QC William George Moss William Stephen John Hood

Registered and Principal Office:

No. 1 London Bridge London SE1 9BG

Objects and activities

The objects for which the Charity are established are the relief of sickness and preservation of health by providing or assisting in the provision of nutrients and services for the benefit of mothers and children and to work to end malnutrition and its consequences among at-risk, hard-to-reach populations (e.g., defined generally as individuals lost to national health services), focusing on young children under five years of age, and women of reproductive age, including especially pregnant women and their unborn child and new mothers and to advance the education of the general public in all areas relating to healthcare for mothers and children.

Vitamin Angels UK was incorporated in 2019 with an initial focus on improving nutrition for preschool-aged children by introducing supplementary feeding programmes. We work in partnership with Vitamin Angels Alliance, Inc, a US-based global non-profit that has been helping fill the gaps for underserved women and children without access to healthcare and nutrition services for over 25 years.

Vitamin Angels UK is partnering with a national charity called the National Day Nurseries Association (NDNA) to reach more than 1000 children annually. The 12 participating nurseries serve children from low-income families who could benefit from increased access to better nutrition.

Nurseries receive weekly deliveries of self-selected fruits, vegetables, and protein-rich foods. The package is designed to contribute to a quality diet (as specified by

Voluntary Food and Drink Guidelines for Early Years Settings in England) by complementing existing nutrition services and reducing the prevalence of both inadequate nutrient intakes and of excessive nutrient intakes.

2

Vitamin Angels UK Trustees’ Annual Report For the year ended 31 December 2021

Important Impact

In Grimsby, United Kingdom, Central Daycare looks after about eighty children a day. Michelle, Nursery Manager, says the daycare is located in “one of the most disadvantaged wards within the UK. The area has a high percentage of unemployment.” Many parents who bring their child to the daycare are struggling to make ends meet. Central Daycare strives to provide healthy living and eating for every child who walks through their doors.

Through its partnership with Vitamin Angels UK, the daycare can provide more fresh and nutritious foods to supplement available snacks and meals. “Through the program with Vitamin Angels UK, we’ve now been able to offer healthy, nutritious meals at a cost that is acceptable to parents and free for parents that need them. Without this program we would have to charge a rate that would be well above the means that these parents could afford. Which could probably mean that these parents wouldn’t access this hot meal every day for their child. And for some of these children, I can honestly say, this is probably the only hot meal that they get in a day.”

Michelle shared that one in four children are at risk for food insecurity in the UK. “Nutrition is so important at this stage of life, as in any stage, but children learn the most in the first five years of life. What they learn in the first five years of life sets them up for the rest of their life. They learn all the words, they physically develop, so without good nutrition and health, this can have long-term impact later on in life.” Together with the dedication of workers at Central Daycare, Vitamin Angels UK is building the foundation for a healthy life for children in need in the United Kingdom.

Making an International Impact:

In 2021, Vitamin Angels UK made its first grant to support the health of children in nutritionally vulnerable communities worldwide. This grant provided approximately 100,000 children with vitamin A, Albendazole (i.e. anti-parasitic deworming tablets), or both interventions.

Receiving bi-annual doses of vitamin A in early childhood protects vision, immunity, and supports physical development. Adding Albendezole ensures optimal absorption of nutrients. Vitamin A deficiency is a leading cause of preventable childhood blindness, and a major contributor to illness and death. Vitamin A supplementation is a proven way to prevent childhood blindness and increase survival rates by 24%. Through its partnership with Vitamin Angels Global, Vitamin Angels UK works directly with local organizations and governments to increase access to these interventions in underserved communities around the world.

Financial Review

As Vitamin Angels UK was established in 2019, the focus for this first year, was on fundraising and establishing new partnerships with donors in the UK while serving children in the UK through its partnership with Vitamin Angels Alliance, Inc. The focus for 2020 and 2021 has been on growing the donor base and expanding its impact beyond the UK.

As of December 31, 2021, Vitamin Angels UK had assets totaling £94,199. Total income and expenses for the financial year ending December 31, 2021 were £82,577 and £72,996, respectively.

3

Vitamin Angels UK Trustees’ Annual Report For the year ended 31 December 2021

The trustees' ensure that the Charity's day to day expenditure is properly funded, and that resources are available to keep the Charity's properties in good repair, so that their value is maintained or enhanced. At the year end, the unrestricted funds balance was £87,360 which is more than sufficient to maintain the Charity's activities for 2022.

Future Plans

Our financial strategy is to continue to seek to grow our funding base both through developing our relationships with our existing funding bodies and to seek new funding sources primarily through relationships with corporate donors in the UK. With additional funding, we plan to:

We have summarized above our financial performance for the year which we view positively whilst always striving to do more.

We share Vitamin Angels UK commitment “to create a healthier world for every mother, every child, everywhere”.

Signed on behalf of the Board of Trustees

……………………………………..

William Stephen John Hood, Trustee

June 27, 2022

……………………………………..

Date

4

Vitamin Angels UK Year ended 31 December 2021

Trustees' Responsibilities Statement

The trustees (who are also directors of Vitamin Angels UK for the purposes of company law) are responsible for preparing the Trustees’ report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting

Company law requires the trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the charitable company and of its income and expenditure for that period. In preparing these financial statements, the trustees are required to:

 Select suitable accounting policies and then apply them consistently.

 State whether applicable accounting standards, including FRS 102, have been followed, subject to any material departures disclosed and explained in the financial statements.

 State whether a Statement of Recommended Practice (SORP) applies and the methods and principles in the SORP have been observed, subject to any material departures which are explained in the financial statements

 Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

None of the Trustees had any beneficial interest in any contract to which the charitable company was party during the year.

5

Independent Auditor's report to the Directors of Vitamin Angels UK Year ended 31 December 2021

We have audited the financial statements of Vitamin Angels UK (‘the company’) for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs(UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the audit of financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

6

Independent Auditor's report to the Directors of Vitamin Angels UK Year ended 31 December 2021

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 5, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these fi i l t t t

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company.

7

Independent Auditor's report to the Directors of Vitamin Angels UK Year ended 31 December 2021

Our approach was as follows:

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

8

Independent Auditor's report to the Directors of Vitamin Angels UK Year ended 31 December 2021

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the charitable company and charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Darren Jordan (Senior Statutory Auditor)

for and on behalf of Moore Kingston Smith LLP, Statutory Auditor

Date

4 Victoria Square St. Albans Hertfordshire AL1 3TF

9

Vitamin Angels UK Statement of Financial Activities For the year ended 31 December 2021

Notes
INCOME AND ENDOWMENTS FROM:
Donations
2
Investments
3
Total Income
EXPENDITURE ON:
Charitable activities
4
Total Expenditure
Net Income/(Expenditure)
Other recognised gains/losses
Gains/(losses) on foreign exchange
Net movement in funds for the year
Fund balances brought forward
Funds carried forward at 31 December		 Unrestricted
Funds
82,577
-
82,577
72,996
72,996
9,581
-
9,581
77,779
87,360		 2021
Total
82,577
-
82,577
72,996
-
72,996
9,581
-
9,581
77,779
87,360		 2020
Total
Unrestricted
funds
29,968
12
29,980
17,110
17,110
12,870
-
12,870
64,909
77,779

The notes on pages 12 to 14 form part of these financial statements.

10

Vitamin Angels UK Balance Sheet As at 31 December 2021

Notes
CURRENT ASSETS
Debtors
5
Cash at bank and in hand
Total Current Assets
LIABILITIES
Creditors: Amounts falling due within one year
6
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
TOTAL NET ASSETS
FUNDS
Unrestricted funds
General funds
7		 2021
27,726
66,474
94,200
6,840
87,360
87,360
87,360
87,360
87,360		 2020
2,523
85,642
88,165
10,386
77,779
77,779
77,779
77,779
77,779

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006, relating to small companies

The notes on pages 12 to 14 form part of these financial statements.

The financial statements were approved by the board of trustees and signed on its behalf by:

……………..

William Stephen John Hood, Trustee

11

Vitamin Angels UK Notes to the financial statements For the year ended 31 December 2021

1 Accounting Policies

Company information

Vitamin Angels UK is a company limited by guarantee, domiciled and incorporated in England and Wales. The registered office is No. 1 London Bridge, London, SE1 9BG.

a) Accounting convention

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)', and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

b) Recognition of income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

c) Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

d) Allocation and apportionment of costs

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, and others are apportioned on an appropriate basis.

e) Taxation

The charity is exempt from corporation tax on its charitable activities.

f) Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustee

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

g) Financial Instruments

Basic Financial instruments are measured at amortised cost. The charitable company has no other financial instruments or basic financial instruments measured at fair value.

Cash and cash equivalents include cash held at banks and in hand.

12

Vitamin Angels UK Notes to the financial statements For the year ended 31 December 2021

h) Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. In addition, the parent company has confirmed that financial support will be provided, if required. The directors have also considered the impact of the Coronavirus and measures taken in the UK. The charitable company has a satisfactory cash and reserves position and no unfunded expenditure commitments at the time of approval of these financial statements. Having made enquiries, the directors have concluded that there is a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the date of the audit report of these financial statements. The company therefore continues to adopt the going concern basis in preparing its financial statements.

2 Donations and legacies

Donations
3 Investment income
Bank interest
4 Charitable activities
Bank charges
Consultancy fees
Feeding Program
Audit and accountancy fees
Donation expense
Legal and professional
Merchant fee's
5 Debtors: Amounts falling due within one year
Trade debtors
Amounts owed by parent undertaking
6 Creditors: Amounts falling due within one year
Trade creditors
Accruals & Deferred income		 2021
Unrestricted funds
£
82,577
82,577
2021
Unrestricted funds
£
-
-
2021
Unrestricted funds
£
122
17,656
20,000
7,584
20,000
7,200
434
72,996
2021
£
27,726
-
27,726
2021
£
-
6,840
6,840		 2020
Unrestricted funds
£
29,968
29,968
2020
Unrestricted funds
£
12
12
2020
Unrestricted funds
£
68
3,042
8,000
6,000
-
-
17,110
2020
£
-
2,523
2,523
2020
£
3,042
7,344
10,386

13

Vitamin Angels UK Notes to the financial statements For the year ended 31 December 2021

7 Funds

Balance b/fwd
Income
Expenditure
Gains and
losses
£
£
£
£
Unrestricted Fund
77,779
82,577
(72,996)
-
77,779
82,577
(72,996)
-
Analysis of net assets between funds
Current assets
Current liabilities
Balance c/fwd
£
87,360
87,360
Unrestricted
Fund
94,200
(6,840)
87,360

8 Analysis of net assets between funds

9 Related Party Transactions

The charitable company provided a donation for £20,000 to its parent Vitamin Angel Alliance Inc (2020: £0). At the year end £0 (2020: £2,523) was due from the parent company. The parent company also provides administrative and IT support which is not recharged.

10 Ultimate Parent Undertaking

The ultimate controlling party is considered to be Vitamin Angel Alliance Inc, a non-profit organisation that is incorporated in the USA. Consolidated financial statements can be found on the website at https://www.vitaminangels.org/financials-and-performance.

11 Share capital

The Charity is a company limited by guarantee.

14