Report of the Trustees and
Financial Statements for the Period 11 October 2021 to 31 July 2022
for
Struggles 2 Smiles (Charitable Incorporated Organisation) Charity number 1196092
DHB Accountants Limited Chartered Accountants Statutory Auditors 110 Whitchurch Road Cardiff CF14 3LY
Struggles 2 Smiles (Charitable Incorporated Organisation) Charity number 1196092
Contents of the Financial Statements for the Period 11 October 2021 to 31 July 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
Struggles 2 Smiles (Charitable Incorporated Organisation) Charity number 1196092
Report of the Trustees for the Period 11 October 2021 to 31 July 2022
The trustees present their report together with the financial statements of the charity for the period 11 October 2021 to 31 July 2022.
The financial statements comply 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 UK and Republic of Ireland (FRS 102) (effective 1 January 2019)
OBJECTIVES AND ACTIVITIES
Objectives and aims
To advance in life and relieve needs of young people, in particular, but not exclusively young offenders through:
(a) The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life;
(b) Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
•(c) The relief of financial hardship among people living or working in Barry and South Wales by providing such persons with services, such as a meal service, which they could not otherwise afford through lack of means.
Significant activities
In order to achieve it's objectives the charity undertakes various fund raising activities. Donations are received and applications made for grant funding where possible.
More information is available from the Charity's social media pages which do not form part of these accounts.
Public benefit
In shaping the objectives of the charity and planning its activities, the trustees have considered the Charity Commission Guidance on public benefit. The charity gives careful consideration to ensuring its activities are accessible to all eligible users from all aspects of the community.
Volunteers
In common with many charities it would be difficult to operate without the support of unpaid volunteers and the charity has benefited from such support and is very grateful to all for this. Approximately 15 volunteers have engaged with the charity in the period covered by these accounts.
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Struggles 2 Smiles (Charitable Incorporated Organisation) Charity number 1196092
Report of the Trustees for the Period 11 October 2021 to 31 July 2022
ACHIEVEMENT AND PERFORMANCE
Charitable activities & Achievements
The main achievements of the charity during the period covered by these financial statements and report have been the establishing of the charity, securing two major grants and fulfilling the obligations under those grants.
These grants have helped to pay the start up costs of the charity including training, uniforms and acquisition of a catering trailer which enables the charity to fulfill its objectives.
Struggles 2 Smiles offers paid training to disadvantaged young people,some of whom are young offenders, in street food cookery and standard hygiene with all the meals they prepare and cook going back into the community by offering a street food pantry to communities across South Wales helping to relieve food poverty and bringing communities together through regular pop up street food events.
The charity works alongside local and regional businesses, Councils, Welsh Government , Fairshare Cymru & Social media to collect food and monetary donations to be made into tasty and healthy street food. As a result the charity is contributing in a positive way to food waste savings by utilizing useable food that might be sent to the waste bin into meals and hampers distributed to disadvantaged families and homeless shelters across South Wales.
Hot meals are delivered to families in need and to homeless non funded supported accommodation.
The charity has enabled a number of young persons from disadvantaged backgrounds to secure paid training.
FINANCIAL REVIEW
Financial position
The charity has applied all of its incoming resources to further the objects of the charity. It's financial position is as set out in these financial statements and the trustees are pleased with the first period of operations expect activity levels to increase in the future.
Reserves policy
The trustees have considered the requirement for reserves of the charity which has encompassed income and expenditure streams and th e need to match variable income with fixed commitments and the nature of available reserves. The trustees are aware of the importance and need to continually monitor reserves but are satisfied that the charity will be able to meet any obligations as they fall due.
Going concern
The trustees have reviewed their future requirement, fund raising plans and obligations and are satisfied that the going concern concept as a basis for the preparation of the financial statements is entirely appropriate.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The legal form of the charity is that of Charitable Incorporated Organisation (CIO) which is subject to a governing document, its constitution which took effect from the date of registration of the CIO which was 11 October 2021.
Organizational structure
The charity trustees manage the affairs of the CIO in accordance with their powers as set out in the constitution document. There must at all times be at least three charity trustees with a maximum number of 5. Apart from the first charity trustees every trustee is appointed for a term of three years after meeting criteria set out in the constitution.
The trustees meet regularly to discuss all aspects of the affairs of the CIO.
Day to day management and direction of the charity is delegated to Jason Stephens who carries title of Charity and Fundraising Director.
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Struggles 2 Smiles (Charitable Incorporated Organisation) Charity number 1196092
Report of the Trustees for the Period 11 October 2021 to 31 July 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Induction and training of new trustees
The appointed trustees actively encourage and seek to identify individuals for appointment as charity trustee having regard to the skills, knowledge and experience needed . On appointment each new trustee is provided with a copy of the constitution and the CIO's latest available Trustees Annual Report and accounts. Appropriate training is provided to enable any new trustee to fulfill their duties.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
Principal address
Struggles 2 Smilles Community Food Trailer Excelsior Road Industrial Estate Cardiff C14 3AT
Trustees
Ms K Stephens (appointed 3.2.23) Ms S Knowles (appointed 17.3.23) D Jones (appointed 3.2.23) Ms S J Dudley (appointed 11.10.21) P Phillips (appointed 11.10.21) (resigned 3.2.23) P Dudley (appointed 11.10.21) (resigned 3.2.23)
Independent Examiner
Stephen Horrigan FCA, CTA Institute of Chartered Accountants in England & wales DHB Accountants Limited Chartered Accountants Statutory Auditors 110 Whitchurch Road Cardiff CF14 3LY
COMMENCEMENT OF ACTIVITIES
The charity was incorporated on 11 October 2021 and commenced charitable activities at the same time.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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Struggles 2 Smiles (Charitable Incorporated Organisation) Charity number 1196092
Report of the Trustees for the Period 11 October 2021 to 31 July 2022
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees acknowledge their responsibility for complying with the requirements of the Charities Act 2011 with respect to accounting records and preparation of accounts. The members of the CIO have not required the CIO to obtain an audit of the financial statements.
Approved by order of the board of trustees on 26 May 2023 and signed on its behalf by:
Ms K Stephens - Trustee
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Independent Examiner's Report to the Trustees of Struggles 2 Smiles (Charitable Incorporated Organisation) Charity number 1196092
Independent examiner's report to the trustees of Struggles 2 Smiles (Charitable Incorporated Organisation) Charity number 1196092
I report to the charity trustees on my examination of the accounts of Struggles 2 Smiles (Charitable Incorporated Organisation) Charity number 1196092 (the Trust) for the period 11 October 2021 to 31 July 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Stephen Horrigan FCA, CTA Institute of Chartered Accountants in England & wales DHB Accountants Limited Chartered Accountants Statutory Auditors 110 Whitchurch Road Cardiff CF14 3LY
26 May 2023
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Struggles 2 Smiles (Charitable Incorporated Organisation) Charity number 1196092
Statement of Financial Activities for the Period 11 October 2021 to 31 July 2022
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Charitable activities 3 Charitable activities 18,839 34,000 EXPENDITURE ON Charitable activities 4 Charitable activities 18,839 13,989 Other 2,100 - Total 20,939 13,989 NET INCOME/(EXPENDITURE) (2,100) 20,011 TOTAL FUNDS CARRIED FORWARD (2,100) 20,011 |
Total funds £ 52,839 |
|---|---|
| 32,828 2,100 |
|
| 34,928 | |
| 17,911 | |
| 17,911 |
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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Struggles 2 Smiles (Charitable Incorporated Organisation) Charity number 1196092
Balance Sheet 31 July 2022
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Tangible assets 8 - 20,011 CREDITORS Amounts falling due within one year 9 (2,100) - NET CURRENT ASSETS/(LIABILITIES) (2,100) - TOTAL ASSETS LESS CURRENT LIABILITIES (2,100) 20,011 NET ASSETS (2,100) 20,011 FUNDS 10 Unrestricted funds: General fund Restricted funds: Moondance Foundation TOTAL FUNDS |
Total funds £ 20,011 (2,100) (2,100) 17,911 17,911 (2,100) 20,011 17,911 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 26 May 2023 and were signed on its behalf by:
K Stephens - Trustee
The notes form part of these financial statements
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Struggles 2 Smiles (Charitable Incorporated Organisation) Charity number 1196092
Notes to the Financial Statements for the Period 11 October 2021 to 31 July 2022
1. GENERAL INFORMATION
Struggles 2 Smiles is a Charitable Incorporated Organisation (CIO) registered with and regulated by the Charity Commission in England. The registered address of the charity is Community Food Trailer, Excelsior Road, Excelsior Road Industrial Estate, Cardiff, CF14 3AT.Further information about the objectives of the charity and the trustees who have held office are provided in the Trustees Report included as part of these financial statements.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The financial statements are presented in pounds sterling which is the functional currency of the charity.
The charity continues its fund raising activities and having regard to these and the financial needs of the charity the trustees are of the view that the immediate future of the charity for the next 12 to 18 months, at least, is secure and that in this basis the charity is a going concern.
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.
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.
Charitable activities
Expenditure on charitable activities includes the costs incurred to further the purposes of the charity and associated support costs.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost Motor vehicles - 25% on cost
Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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continued...
Struggles 2 Smiles (Charitable Incorporated Organisation) Charity number 1196092
Notes to the Financial Statements - continued for the Period 11 October 2021 to 31 July 2022
2. ACCOUNTING POLICIES - continued
Fund accounting
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.
Grants & donations
Income from grants, whether capital or revenue grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Donations are recognised as received.
3. INCOME FROM CHARITABLE ACTIVITIES
| Activity Donations Charitable activities Grants Charitable activities Grants received, included in the above, are as follows: National LotteryTraining grant Moondance Foundation - Trap Kitchen General grants |
£ 15,689 37,150 |
|---|---|
| 52,839 | |
| £ 10,000 24,000 3,150 |
|
| 37,150 |
4. CHARITABLE ACTIVITIES COSTS
| CHARITABLE ACTIVITIES COSTS | |||
|---|---|---|---|
| Support | |||
| Direct | costs (see | ||
| Costs | note 5) | Totals | |
| £ | £ | £ | |
| Charitable activities | 26,449 | 6,379 | 32,828 |
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Struggles 2 Smiles (Charitable Incorporated Organisation) Charity number 1196092
Notes to the Financial Statements - continued for the Period 11 October 2021 to 31 July 2022
5. SUPPORT COSTS
| Management Finance £ £ Other resources expended - - Charitable activities 180 200 180 200 |
Governance Other costs £ £ - 2,100 5,999 - 5,999 2,100 |
Totals £ 2,100 6,379 |
|---|---|---|
| 8,479 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31 July 2022.
Trustees' expenses
There were no trustees' expenses paid for the period ended 31 July 2022.
7. INDEPENDENT EXAMINERS FEES
The fees paid to the Independent Examiner for reporting on the accounts amounted to £2,100 including VAT.
8. TANGIBLE FIXED ASSETS
| Plant and Motor machinery vehicles £ £ COST Additions 19,500 2,500 DEPRECIATION Charge for year 1,833 156 NET BOOK VALUE At 31 July 2022 17,667 2,344 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors MOVEMENT IN FUNDS Net movement in funds £ Unrestricted funds General fund (2,100) Restricted funds Moondance Foundation 20,011 TOTAL FUNDS 17,911 |
Totals £ 22,000 |
Totals £ 22,000 |
|---|---|---|
| 1,989 | ||
| 20,011 | ||
| £ 2,100 At 31/7/22 £ (2,100) 20,011 |
£ 2,100 |
|
| 17,911 |
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
10. MOVEMENT IN FUNDS
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Struggles 2 Smiles (Charitable Incorporated Organisation) Charity number 1196092
Notes to the Financial Statements - continued for the Period 11 October 2021 to 31 July 2022
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 18,839 | (20,939) | (2,100) |
| Restricted funds | |||
| Moondance Foundation | 24,000 | (3,989) | 20,011 |
| National Lottery | 10,000 | (10,000) | - |
| 34,000 | (13,989) | 20,011 | |
| TOTAL FUNDS | 52,839 | (34,928) | 17,911 |
Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.
Moondance Foundation - Trap Kitchen Project, the acquisition of a catering trailer and associated costs
National Lottery - Training of disadvantaged persons in street food and Health & Safety
11. CAPITAL COMMITMENTS
Contracted but not provided for in the financial statements
£ -
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 July 2022.
13. MEMBERS LIABILITY
In the event of a winding up of the CIO the members have no personal liability for the debts and liabilities of the CIO but would be required to contribute no more than £1 each to the assets of the CIO.
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Struggles 2 Smiles (Charitable Incorporated Organisation) Charity number 1196092
Detailed Statement of Financial Activities for the Period 11 October 2021 to 31 July 2022
| Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS Charitable activities Donations 15,689 - Grants 3,150 34,000 18,839 34,000 Total incoming resources 18,839 34,000 EXPENDITURE Charitable activities Motor running costs - 1,461 Food supplies & Support 12,460 8,539 Repairs & Maintenance - 2,000 Depreciation - 1,833 Motor vehicles - 156 12,460 13,989 Support costs Management Telephone 127 - Postage and stationery 53 - 180 - Finance Insurance 179 - Bank charges 21 - 200 - Other Motor Running costs 5,999 - Governance costs Independent Examiners fees 2,100 - Total resources expended 20,939 13,989 Net income (2,100) 20,011 |
Total funds £ 15,689 37,150 |
|---|---|
| 52,839 | |
| 52,839 1,461 20,999 2,000 1,833 156 |
|
| 26,449 127 53 |
|
| 180 179 21 |
|
| 200 5,999 2,100 |
|
| 34,928 | |
| 17,911 |
This page does not form part of the statutory financial statements
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