DUSIOnEnve1o.. l75FB4264B7*WEcc4-GF8D4PTr8FED Charity reglstrntlon number.. 1199536 COVENTRY FOOD NETWORK TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
DDcu8rf Envelope10.. 17sFB42P9B7A4AEmcQ4-5F804FBBFBED Coventy Food Network Contents Page Tnjstees, Report Independpnt Examlnerfs Report stEtement of Flnancial ActlvlU&s Curnpardve Statement of Flnarndal Actfvitjes Staternent of Finandal Posrfaon Statement of Cash Fkjws Notes to the Statemert of Cash Fjows Notes to the Financial Ststements 10-13 The following page5 do not form part Df the statutory accounts: Detalled Ststement of Flnanci41 Activities 14
DtrxslgK Envelope ID.. 175FB428-gB7WEMCCMF8D4FBBFBEO Covontry Food Network Trustees. Report For The Year Ended 31 March 2025 The trus¢ee5 present thelr report and the nnandal statetnents for the year ended 31 Marrh 2025. ObJertlv•8 and ACtfves Alm4 and Obloct The purpose of Coventry Food Network 15 to promote the voluntary sertor for the benefrt Df the public In Coventry, Warwlckshire. and its env.'ron5 by prOdIng advi, supporL lTrformaYon and tralnlng to volurrtary oryanlsations worklng to relleve poverty. Publ1¢ BeTr•fit Durlng thi5 porlod, Coventry Food Nthork foojsed on addressing food InsecUty by distrlbutlng ndS to oryanIlI0s that provlde food support. Addluonolly, the charfty provlded advlo and support to 15 food hubs acmss Coventry, ensuring efficlent operarions and the delfvery of food to those in need. The tnjstees confirn that they have complied wtth the requirernents of Sertlon 17 of the Charities Aet 2011 to have due reoard to the Charlty Comm15yon's ouldance on public benefft. Grant Maklng The trustees may rnake grants to oryanlsatfons where this is constdered an appropdate way of fvrthering the tharity's charltsble obJett5. Grant dedsions are made by the havlng regard to the purposes of the prDposed ac¥vrty and the èvallabillty of funds. Achl•vements and Perfornian¢o Maln Achlevemgnts Thi5 year, the charity partnered with 5everdl funding bodies to ensure svstainable 5UPPOrt for food hubs. These partnetshlps enabled 5igniflcant pn)gress in the fDlk)wlng areas- Fundlng DlstrlbLrtfon.' Financial rEsources We allocated to oryani5attons. empowering them to expand thelr OLttwch and support servi¢e5. Food Hubs Support.. Advice ènd operational guidan were provided to IS f hubs, strengthening thelr capaclty to meet growing demand. Collaboration= Partnershlps wlth fundlng blieS enhanced the ability to idefttify and addr¥s communlty needs effe¢tlvely. Through these effort5, the chadty directty contribuied to the alleviation of povty and hunger In the reglon. FlnaTrcial Revl•w Flnanclal Posltlo Looking ahead, the charfty aims to.. Expand support to addlOnal food hubs In the wion. streng¥&hen partnership5 wth funding bodies to Secure long-tem sustalnabilty. Provlde further traSning and resourres to i.mprtsve the effideTrcy and impact of voluntsry organlsatlons addrIng food poverty. Structur* Gov•rnane¢ and manment Governlng Docum¢nt The charity is o)n5tituted as a Cpiaritable Incorpornted organisat(on, governed by a boarf of trusteÈs. Trustees m&t regulorfy to dlscuss sttstegy, approve fvnd allootlon5, and oversee the 0ryanisaon's operatlons. The trustees are committed to malntslnlng strong governan to ensure the effecbve dellvery of the charity's obJectlve5. Page I
D(YWElgn Envelope ID.. 175FB4264B7A4AEgACC45F8D4FB8FBED Coventry Food Network Trustees, Report (continued) For The Year Ended 31 March 2025 Related Dlanne Williams, a trustee of the charity, is also a trusree of Henley Green Communlty Thst. Durtng the year, the charity rnade grants to Henley Green Community Trust amounting to £32.877. At 31 March 2025, there 55 a barin outstsndlng to be distributed to Henley Green Community Trust of £65,321.60. Thomas HTcklnbottom, a trijstee of the tharty, is also a trustee of The Canley Communty Centre. Durlng the year, the charltr made grants to The Canley G7mmunlty Centre amounttig to £45.666. 7he trustee did not partldpate In the deaslon-making process reletlng to these tr3nsa¢tion5. The trustees a satisfied that the trsnsartlon5 were undertaken 2n arni s length ba51s and In the best interests tsf the charrty. Referenc¢ and Artrnlnlslratlve D¢tails Trustees Mr Thomas Hlcklnbotom - Trustee Mr David Roberts- Tristee Mr5 Diann¢ Wllliams- Chalr Charlty Numb•r 1199536 Prfnclpal Address C/0 The Canley Communlty Centre prtor Deram Walk Coventry CV4 8FT Independent Examln Mr L Adams FCCA Lexova Accountants Ltd Unit 1.25 Cannock Chase Enterprise Centre HedDe5ford Staffs WS12 OQU Page 2
rkn¢u&gn Envthpelo.. 175FB426.9B7A4AEMCC44F804FBBFBED Coventry Food Network Trustses, Report (contlnued) For The Year Ended 31 March 2025 The tNStees' report was approved by the of tnjstees and slgned on ts behaw by: Mrs Dlanne Williams Trustee 1710212026 Page 3
Do>J8n Enveknpe1Tr. 175FB426.9B7A4AEWC4-5F8D4FBBFBED Coventry Food Networft Independent Examiner's Report to the Trustees of Coventry Food Network For The Year Ended 31 March 2025 I report to th8 trusiees on my examinatlon of the accoutkts of Coventry Food Network (the Trust} for the year ended 31 March 2Q25. Responslbllltles and Jasls of Report As the charlty trustees of the Trust you are responsib for the preparatton of the aco)uTrts In accordance wkh the requirements of the Chariyes Art 20LI he ACV). I pOrt In respett of my examlnatloTr of the Trusts accounts Tpled out under section 145 of the 201t Att and In carrying out my exarnlnatioD, I have followed the a?pllcable Direthon5 gNen by the Charity Commisslon under seLtfon 145{5llbl of the Act. Independert Examlner's StateMt Slnce the TnJsY5 9ross Income exceeded £250.000 your Éxaminer must bE a member of a body listed in 5ectlon 145 of the 2DII Act. I confirm that l arn quallftd to undethke the examination because l am a member of Tho Assoclatlon of Chartered Certlfled Attountants, whl¢h r5 one of the lir@ bodies. I have completed rny exaMInaOn. I confirm that no materfal matt5 have come to my attenall tn connertlon wlth the examinatlon glvfng me cause to belleve that in any material resw: l. accounong records were rK)t kept In pect of the Trust as required by seEUon 130 of the Act; or 2. the accounrs do not accord wi:h those records,. or 3. the accounts do not compty w.th tre 6pplicable requiremen.ts conMIng the forni and contents OF accounts set out In the Chadtles {Account5 and Reports) Regulation$ 2008 0tr than any requirement that the accovnts gwe a 'true and Fair vle%Y which Is not a rnatter consldered as part of an independent exarnination. I have no concems and have come acmss no otrer mattets In connecknon with the examination to whlch attentlon should be drawn In this report In order to enabk a pmper understsndlng trf the ac¢x>unts to be wched. LlieuSW. IIryF61A4FAk474EB.. Mr L Adams FCCA 1710212026 Unlt L.25 Cannock Chase Enterprlse Centre Hednesford Staffs WS12 DQU Page 4
DoJJ81gn Envelope ID.. 175FB426-987A4AEsAcC8D4FB8F8EQ Coventry Food Network statement of Flnancial Artivitles For The Year Ended 31 March 2025 2025 Unrestrlrted Restrlcted Total fundB funds furMIg 2024 Total fund5 INC014E AND ENDOWMEprfs FROM: Donations and legacles Investments 8,155 15.649 650,607 558,762 15,649 674,710 7,582 23,804 650,607 674,411 682,292 EXPENDITURE ON: Chatable activltles: Charit4ble Actlvltles {14,9331 {649,1191 (664,052) 1645,2871 8,B71 10,359 37,005 INCOP4E NET MOVEMENT Iri FVNDS RECONCILIATION OF FUNDS: Tatal funds brought forward TOTAL FU14DS CARRIED FORWARD 8,871 1,488 10,359 37,OOS 61,935 167.916 229,851 192,846 13 70,806 169.404 240.210 229,851 The notes on page5 9 to 13 form part of these fFnanaal statempAts. Page 5
DDBwgh EDvefop8 ID.. 17SFB42B7WEWC4eo4FBbFBED Coventry Food Network Comparatlve Statement of financlal Artivitles For The Year Ended 31 March 2025 2024 Vnrestrlcteil Resbqctsd Total funds funds fund$ P40¢ INCOME AND ENDOWMEKfs FROM: Donations and legacles Investsrents 89,563 7,582 585,147 674,710 7,582 97,145 585,147 682,292 EXPENDITURE ON: Charitable actlvltles: ChBrltable Actlvities {60,1401 1585,L471 1645,2871 37,005 37,005 NET INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward 37,005 37,005 24.930 167,916 192,846 TOTAL FUNDS CARRIED FORWARD 13 61.935 167,916 229,851 The notes on pages 9 tg 13 form part of these finandal statements. Page 6
D[KuS &WeW1. 175FF4274AEMcC4-SF8D4FBBF8ED Coventry Food Network Statement of Flnanclal Position As At 31 March 2025 2025 2024 Vnrestrfcte41 Restrlcted Total funds fvnd5 fun Total funds CURRENT ASSETS Debtors Cash at bank and In hand li 4.854 182,239 4,854 620,865 711,933 187,093 625,719 711,933 438,626 438,626 Crgdltors: Amounts Flllng Due Wlthln One Year 12 {367,820) (17,6891 1385.509) (482.0821 NET CURRE14T ASSETS (LIABILMES) 70,806 169,4D4 240,210 229,851 TOTAL ASSETS LESS CURRENT LIABILMES 70,806 169.404 240,210 229.851 NET ASSErs 70,806 169,404 240,210 229,851 FUND5 OF THE CHARrrY Resttfjtted Funds Unrestrirted Funds 169,404 70,806 167,916 61,935 TOTAL FUNDS 13 240.210 229,851 On behalf of the board a$ eesAWPDESi&.. Mrs Dianne Wlliiams Trustee 1710212026 The notes on pages 9 to 13 forrn part of these finandal siatements. Page 7
Docuslon Envetcya ID.. 175FB428-987A4AE5AWF8D4FBBFBED Coventry Food Network statement of Cash Flows For The Year Ended 31 March 2025 2025 2024 Cash flows from operatln9 actlvlti Net cash (used Inllgenerated from operatlons Net cash {used in}/generated from Ope.?n9 acrivibes Cash flow$ from Invastlng artlvlti¢s Interest re¢eived 1106.7l71 {106,717) 494,709 494,709 15,649 7,582 IDecreasel/lncrease in cash and cash pAuiwalents Cash and cash equivalents at beginning of year Cash and cash equlvalents Et end of year 191,0681 711,933 S02,291 209,642 620,865 711,933 Page 8
DoL#JBign Env8k)p8 ID: 175FB42&9B7A4AEWC4-5F8D4FBBFBED Coventry Food Networf( Notes to the Staternent of Cash Flows For The Year Ended 31 March 2025 l. Recon¢lllatlon of Incom¢ to ush (used In)19enerated frnm operatlon$ 2025 2024 Net Income ALlJustments for." Interest income Movements In capital.. Tncrease In tde and other debtors {pe¢se)11nCreaS¢ in trade and other ¢Teditors Net Cash (used In)/genernted frorn operations 10,359 37,005 IIS,6491 (7,5821 14,8541 {96.5731 465,286 1106,717) 494,709 2. Cash and $h equlvalents Cash and cash equivalents, as srated in the StatErnent of Cash 0W5. relates to the followtng Iterns In th2 Balance Swt.. 2025 2D24 Cash at bank and in hand 620,865 711,933 3. An•ly$ls of changes In n•t funds As at l Aprll Cash flows 2024 A5at31 March 1025 Cash at bank and rn hand 711,933 191,068) 620.865 PagÈ 9
DU91d ENdopo10'. 175F8426-9O7k4AECc44F8D4FBBFBED Coventry Food Network Notes to the Flnanclal Statements For The Year Ended 31 March 2025 l. Genéral Inhrniatlon Coventry Food etWOrk 15 a Charitab inc(ryrated o.•Jan15ation regtstered wlth the Charity Comrnlssion, registered charity number 1199536. The principal address Is C/0 The Canley Community Centre, Prtor Detzm Wall Coventsy, CV4 8Fr. 2. Accountlng Polltles 2.1. Basls of Preparatlon of Flnandal Statements The flnanclal stztements have been ppared In accordance with the Charitses SORP {FRS L02} "Accountjng and Reportlng by IantIeS. Staternent of Recommended Practice appllcable to charities prepartng their accounts In accordance with the nancIal Reporting Standard applK3ble In the UK and Republlc of Ireland IFRS 1021 (effeve I january 20191. Financlal Reporbny Standard 102 "The Financlal Reporting Sts4dard appllcable in the UK and Republlc of Ireland and the Charbbe5 Act 2011. The tharity 15 a Publlc Benefft EntTty a5 defjned by FRS 102. 2.2. lTrcomlng Resources All Ino)ming resources are Included In the Ststemept of Finandal Activftes (SOFA) when the charity Is legalty entitled to the income, it is pmbable that the Ino)me w.:11 be received. and the amount can be measured reliably. Donatlons and voluntary Income Donations and voluntsry Income are recognised when r1Ved or when the tharity Is entlued to the Inu)me, whSthever Is earlfjer. Grant Incom¢ Grant incorne, includlng governmenK and local authodty goits, is recogni5ed when the charfty has entluement to the funds, any perform2nce condrtons have bee.I met. It Is probable that the IficoFne wlll be recelved, and the amount can be measured lIably. Grants recetve¢ In advaice of the tharity rneeOng the condlbons attaching to the grBnt art deferrl and recognlsed as In¢orne when the condltlons are fuh%lled. Rastrtthil Income Income Is recognised as restrftted Income when it Is subieLt to spe£ific condltion5 iTnposed by the funder. Restrtcta Income Is applled in accordan with those Conditions. 2.3. Resour5 Expend•d ExpÉnditU is recogni5ed on an acowals basi5 OTh there Is a legal or conthctlve obligation to make a payment to a thlrd party, it is probable that settlement will be wuired. and the amount L7n be measured rellably. Charrtable actitIeS Expendire on charitable activities include5 costs Irnjrred threctly In dellvetfng the charftys objectlve5, including grants rnade to other organisations and the costs of premlses. materials, and other resour used to support charitable activltles. Govemance costs Governantr costs comprfse those cosis InthJrr2d in the strategic managernent of the charfty, including constibjtional and statutory requirements. 7hesE indude costs a5s0riateil wlth the prepaTrtton of statutory accounts. Independent examSnatlon, and other ¢ornplSancE costs. Apportlonmert of support costs Support costs that relate to rnore than one actsvity are apportioned on 6 reasonable bas5. for Èxample the vsage of premises or shared materla15 and other resour¢e5. 2.4. Cash and Cash Equlvalents Cash and cash equivalents atE basic fift8nual assets and indude cash In hand and deposlts held at call with banks. other short-term highly liquld Investrnents that mature in no MO than three months from the date of acqulsllJDn are readlly convertlble to a known amount of cash wlth inslgntficant rlsk of chan9e in value, an(J bank overdraft%. 3. Income from Donatlons and L29ades Pège 10
Do)n Envok)pe Ir. 175F842&9B7A-4AEMCC4-5F8D4FBBFBED Coventry Food Network Notes to the Financial Statements {continued) For The Year Ended 31 March 2025 2025 Unrestrlrted RÈ5trkted funds fundj Ttstal funds Donatlons and gifts Grants 8,155 8,155 6SO.607 650.607 8.155 650,607 658.762 2024 Unrestrlcted Rtrlct4d Total nd$ tund8 fund$ Donatlons and glfts GntS 89.563 89,563 585,147 585,147 89,563 585.147 674.710 4. Jn¥e5trnent In¢omo 2025 2024 UnMtrlcted Unr¢gtrietéd fund5 lund$ Intsrest on short-terrn dep¢xit5 15,649 7.582 5. Government Grènts During the year the charity received recl government grant Income totalllng £645,753.9912024.. É585.146.581 to support its charltsble activitles. I grants werE restricted funds and were zppllext in accordoniz with the terms and condltions set Fly the funders. 2025 2024 Coventry Clty Coundl In respett of the Housebold Support Fund Coventry Cty Coundl Grant Feedlng Brf(aln S29,283 19,414 I,910 585,147 650.607 585,147 6. AnatygT$ of Expendtiuie 2025 Grant funding 01 •etivitTre8 15ee note 71 (see note 81 Aetlvltles undertaken dlr¢¢iiy Support Total Chartsble ACVIveS 649,610 823 L3.619 664,052 Page li
Dacuslgn EnvelDPB IJ., 175FB42W7A4AEMCC44F8D4FBBFBED Coventry Food Netwo Notes to the Financial Statements {contlnued} For The Year Ended 31 March 2025 2024 fjrant fundlng of acttvlti•s Isee note ?) (seÈ note 81 Athltle• undertaken directlv Support Total Charitable ALtivltles 620,344 500 24,443 645.287 7. Grants Payable 2025 Grants to Institutlons Support costs Total Charttable Acdvlties 823 823 1,646 2024 Grants to InstitutTon$ Pport ¢osts Total Charltable ArtSvltk5 51J) 500 8. Support Costs 2025 arttsbl¢ Actlvlyes General admlnlstration Governonce costs 12,619 1,000 13,é19 2024 CharStable Actlvltk$ Empk)yee Gefteral admlnlstrdtlon 13,910 LO,533 24,443 9. Indepenilent EXam[n Remuneration 2015 2024 Independent eXarnlnaon of the flnandal statements Other èssuT7nce setvl¢es Tax advisory serviTrs Other flnan¢tal setvlces 1,000 I,ooo Page 12
Envtrknpe ID.. 175FB426.gB7MAEMCC4-SF8NFBBF8ED Coventry Food Network Notes to the Financial Statements {continued) For The Year Ended 31 March 2025 10. Averag¢ Number of Employees Average number of employees dur(ng the year was.- NIL12024.' 1) 11. Debtors 2025 2024 Due wlthln one year Other debtors 4,854 12. Credltors: Amounts Falllng Due Thln One Year 2025 2024 Trade crpdltors Other creditors Accruals and deferred income 129 481,953 384,508 1,000 385,509 482,082 13. Movement In Funds As at i Aprfi 2024 A$at31 Exp•ndltur¢ March 2025 Income Unrestrlcted funds General.. Genefftl unrestslcted fund Restricted fund$ Rescted fund 61,935 23.804 (14,9331 70,806 167,916 650,607 {649,1191 169,404 Total funds 229.851 674,411 16fj4,052) 240.210 As at l April 2023 Asat31 Expendlture Marth 2024 In¢vme Unrestrirted funds General- General unrestricted fund Restrfcted funds Restdcted fund 24,930 97,145 (60,140) 51,935 167.916 585,147 {585,1471 167,916 Totsl funds 192,846 682,292 (645,287) 229,851 14. Transactlons wlth TNst•es None of the rrustees received any remun¥aYon or any other berfits from an nployment wlth the charfty or a related entlty durtg the current or previous year. No trustee expenses have been Incurred. 15. Related Party Dlsclosures There have been no related party tran$6ction5 in the reporting perfod that require dclosUre. Page 13
Docuslgn Envelope10.. 175F84B7A4AEMcQW8[l$FBBF8ED Coventry Food Network Detailed Statem•nt of Financlal Actlvltles For The Year Ended 31 March 2025 2025 2024 Total funds Total funds INCOME AND ENDQWMENTS FROM: Donatlon¥ and legacles Donations and g1ft5 Government Gr4nts 8,155 650,607 89,563 585,147 658,762 674,710 Investments Interest on short tem depats 15,649 7,582 15,649 3.582 674,411 682,292 EXPENDITURE ON: Charltable ActlvltlÉs: Charllable Artl¥ltles Purchases Trovel and subslstence expenses Prernlses costs {649.1191 {4911 1616,6161 (2,7081 (1,0201 (5001 113,9101 19,4001 Grants to instituti0Tr5 Wage5 and salaHes Computer software. ¢onsumables and rnalntenance Computer software ¢osrs PThntingi Postage and stationery Telecommunltstlon$ and dats sts Accountancy fees Legal fees Bank charges Sundry expenses Independent examlner's fees (8231 (10,7751 (2241 (3381 (728} (750) 1601 £821 11,0001 (851 1710) {664,0521 1645,287) {664.OS21 1645,287) NET INCOME 10,359 37,005 dge 14