FOODSHARE CIO
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD FROM 4 MARCH 2024 TO 31 MARCH 2025
Providing food for people who are unable to afford to eat properly without support
www.foodshare.charity
Foodshare CIO
Financial Statement for the period from 4 March 2024 to 31 March 2025
Contents
| Page | |
|---|---|
| Charity information | 3 |
| Trustees' report | 4-7 |
| Statement of Financial Activities | 8 |
| Balance sheet | 9 |
| Notes to the accounts | 10-13 |
| Independent Examiner's Report | 14-15 |
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Foodshare CIO
Trustees’ Report for the period from 4 March 2024 to 31 March 2025
CHARITY INFORMATION
TRUSTEES Lester Tanner (Chair) – appointed 6/3/24 Debbie Gee – appointed 6/3/24 Nigel Cohen (Secretary) – appointed 6/3/24 REGISTERED NAME Foodshare CIO REGISTERED OFFICE Chalk Pit Nursery Chalk Pit Lane Burnham, Bucks SL1 8NH REGISTERED CHARITY NO 1207287 CONTACT DETAILS e: info@foodshare.charity w: www.foodshare.charity BANKERS Unity Trust Bank, Birmingham B1 2JB INDEPENDENT EXAMINER Anna Chapman FCA Chapman Worth Limited Unit 2 The Old Estate Yard High Street, East Hendred OX12 8JY
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Foodshare CIO
Trustees’ Report for the period from 4 March 2024 to 31 March 2025
The trustees present their report with the financial statements of the charity for the period from its incorporation on 4 March 2024 to 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 2 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and 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.
REFERENCE AND ADMINISTRATIVE DETAILS
The Charity is regulated by the Charity Commissioners of England and Wales. Its reference and administrative details are set out on page 3.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The Charity is a Charitable Incorporated Organisation (CIO), governed by a constitution dated 5 February 2024.
Recruitment and appointment of new trustees
Under the Deed, one third of the trustees must retire by rotation every year and are immediately eligible to be reappointed by the remaining trustees.
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.
OBJECTIVES
Objectives and Aims
The principal objectives of the Charity are to promote and protect the physical and mental health and wellbeing of people who are homeless, elderly, living in poverty, who have a drug or alcohol dependency or who are in some other way socially or economically disadvantaged in Berkshire or Buckinghamshire.
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Foodshare CIO
Trustees’ Report for the period from 4 March 2024 to 31 March 2025
ACTIVITIES AND ACHIEVEMENTS
We distribute food to people who are in poverty or in other forms of physical or mental distress. During the period, we purchased a long leasehold in a property in Reform Road (No.9) and started refurbishment work to use the property as a food and charity hub in Maidenhead.
During the year, we rented the space to Thames Hospice. They have since vacated the property at which time we began work on refurbishing the property. As at 31 March 2025, the refurbishment work was ongoing. We expect to start distributing food from No.9 early in the coming year.
FINANCIAL REVIEW
The Statement of Financial Activities is set out on page 8 and Balance Sheet on page 9.
Reserves policy
The Trustees have a policy to retain sufficient reserves to meet planned refurbishment costs, anticipated expenditure and other outgoings for the coming year after taking account of forecasts of income levels they believe to be reasonably assured. We aim to have sufficient reserves to allow us to manage the property and distribute food for a six month period.
Reserves
As at 31 March 2025, we had unrestricted general reserves of £891,972 (2024: £nil).
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Foodshare CIO
Trustees’ Report for the period from 4 March 2024 to 31 March 2025
RISK ASSESSMENT
The Trustees have carried out a risk assessment during the year and are satisfied that the systems are in place commensurate to the level of risks.
There are five major risks which the Trustees have identified.
We do not receive regular financial support from any organisation or government body. We continually review our finances. We avoid high profile or aggressive fund raising activities, seeking instead a large numbers of small donors to protect us against over-dependence on a single source of income.
Almost all support for our activities comes from unpaid volunteers. We do not have the same level of control over volunteers as staff. We regularly monitor our procedures to mitigate the risk of breach of legal obligations due to lack of awareness, or lack of control of our volunteers. At present, the legal environment does not compare the potential risk to the health and safety of people who are helped by Foodshare CIO with the probable risk of their not being helped. The Trustees are continually balancing the needs of the people we help with the legal risks associated with helping people in poverty.
It is difficult to evaluate the degree of poverty of everyone we help. We rely on third parties to establish that people we help are in need of help, either by gaining first hand knowledge of their circumstances, or by working with local charities and government bodies who have first hand knowledge of people requesting help.
We comply with all health and safety requirements relating to food hygiene. Our procedures are inspected regularly. All our cooks are required to reach minimum food hygiene standards/qualifications. As with all organisations that prepare or provide food, we have a number of procedures in place to identify and mitigate the risk of unfit food being distributed.
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Foodshare CIO
Trustees’ Report for the period from 4 March 2024 to 31 March 2025
VALUES-BASED CHARITY
We are a values based charity. That means we based our activities on explicit values. Our values have been developed with input from our entire base of volunteers, recipients and Trustees. Our values are listed on our website.
Our defining ethos is that we treat everyone with whom we engage with unconditional respect, kindness and compassion.
Approved by order of the board of trustees on 5 June 2025 and signed on its behalf by:
Lester Tanner
Chair
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Foodshare CIO
Statement of Financial Activities for the period from 4 March 2024 to 31 March 2025
| Notes Incoming resources Income and endowments from: Donations and Legacies 3 Investments 3 Resources expended Expenditure on charitable activities Charitable activities Other trading activities 4 Support costs 4 Investments 4 Net Movement in Funds Reconciliation of Funds Total funds brought forward Net Movement in Funds Total funds carried forward |
Unrestricted Restricted Total Funds Funds Funds 2025 £ £ £ 915,544 - 915,544 47,709 - 47,709 |
|---|---|
| 963,253 - 963,253 |
|
| - - - 8,744 - 8,744 15,639 - 15,639 46,898 - 46,898 |
|
| 71,281 - 71,281 |
|
| 891,972 - 891,972 |
|
| - - - 891,972 - 891,972 |
|
| 891,972 - 891,972 |
The notes on pages 11 to 13 form part of these financial statements.
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Foodshare CIO
Balance Sheet as at 31 March 2025
----- Start of picture text -----
Unrestricted Restricted Total
Note Funds Funds Funds
2025
£ £ £
Fixed Assets
Leasehold Property 7 791,876 - 791,876
Current Assets
Debtors 8 6,164 - 6,164
Cash at bank 94,732 - 94,732
Total current assets 100,896 - 100,896
Creditors: Amounts falling due within one
year 9 (800) - (800)
Total net assets 891,972 - 891,972
Funds of the Charity
Funds 10 891,972 - 891,972
----- End of picture text -----
The notes on pages 11 to 13 form part of these Financial Statements.
The financial statements were approved by the Trustees on 5 June 2025.
Lester Tanner Nigel Cohen Chair Trustee
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Foodshare CIO
Notes to the financial statements for the period from 4 March 2024 to 31 March 2025
1. BASIS OF ACCOUNTING
The charity constitutes a public benefit entity as defined by FRS102.
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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 and with the Charities Act 2011. The charity has taken advantage of the provision in the SORP for charities applying FRS102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in Stirling, the functional currency of the charity in UK pounds. Monetary amounts are rounded to the nearest £1.
2. ACCOUNTING POLICIES
The accounts present a true and fair view, and the accounting policies adopted are those outlined below.
Depreciation
Depreciation is recognised over the life of the asset on the following basis: Leasehold Property: 30 years on the straight line basis
Recognition of income
These are included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the resources.
Grants and donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met.
Restricted funds
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.
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Foodshare CIO
Notes to the financial statements for the period from 4 March 2024 to 31 March 2025
3. ANALYSIS OF INCOME
Income for the year comprised:
| Donations and Legacies Grants Investments Rental income Interest |
Unrestricted Restricted Total 2025 £ £ £ 915,544 - 915,544 |
|---|---|
| 47,208 - 47,208 501 - 501 |
|
| 47,709 - 47,709 |
During the year, the charity received grant income of £915,544 (£2024: £nil) from Foodshare to buy and refurbish the company’s long leasehold. As at the year end, the Trustees of Foodshare CIO were the same as the Trustees of Foodshare.
4. ANALYSIS OF OUTGOINGS
Outgoings for the year comprised:
| Trading Foodhub Equipment Support Costs Bank charges Accountants Review Legal and Professional Insurance Investments Rent paid Depreciation on long lease |
Totals Unrestricted Restricted 2025 £ £ £ 8,744 - 8,744 |
|---|---|
| £ £ £ 72 - 72 800 - 800 7,384 - 7,384 7,383 - 7,383 |
|
| 15,639 - 15,639 |
|
| 20,490 - 20,490 26,408 - 26,408 |
|
| 46,898 - 46,898 |
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Foodshare CIO
Notes to the financial statements for the period from 4 March 2024 to 31 March 2025
5. DETAILS OF CERTAIN ITEMS OF EXPENDITURE
| Accountants Fees Fee for the independent examination of the accounts |
Unrestricted Restricted 2025 £ £ £ 800 - 800 |
|---|---|
| 800 - 800 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 (2023: £nil).
7. FIXED ASSETS
| Cost Balance at 4 March 2024 Additions in the period Balance at 31 March 2025 Depreciation Balance at 4 March 2024 Deperciation in the period Balance at 31 March 2025 Net Book Value at 31 March 2025 |
Total Unrestricted Restricted 2025 - - - 818,283 - 818,283 818,283 - 818,283 - - - 26,407 - 26,407 26,407 - 26,407 791,876 - 791,876 |
|---|---|
8. DEBTORS AND PREPAYMENTS
| Taxation and social security | Total Unrestricted Restricted 2025 £ £ £ 6,164 - 6,164 |
|---|---|
| 6,164 - 6,164 |
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Foodshare CIO
Notes to the financial statements for the period from 4 March 2024 to 31 March 2025
9. CREDITORS AND ACCRUALS
| Accruals and deferred income | Total Unrestricted Restricted 2025 £ £ £ 800 - 800 |
|---|---|
| 800 - 800 |
10. RESERVES
| Total funds brought forward Net Movement in Funds Total funds carried forward |
Total Unrestricted Restricted 2025 £ £ £ - - - 891,972 - 891,972 |
|---|---|
| 891,972 - 891,972 |
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Foodshare CIO
Independent Examiner’s Report for the period from 4 March 2024 to 31 March 2025
I report on the Trustees’ Report, Accounts and Notes of the Trust for the period from 4 March 2025 to 31 March 2025 as set out on pages 9 - 13.
Respective responsibilities of Trustees and Independent Examiner
The charity’s Trustees are responsible for preparing the accounts. The charity’s Trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to :
-
Examine the accounts under section 145 of the 2011 Charities Act
-
Follow the procedures laid down in general directions given by the Charity Commission under section 145(5)(b) of the 2011 Charities Act and
-
state whether particular matters have come to my attention.
Basis of Independent Examiner’s Statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
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:
-
(i) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
(ii) the accounts do not accord with those records; or
-
(iii) 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.
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Foodshare CIO
Independent Examiner’s Report for the period from 4 March 2024 to 31 March 2025
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.
Anna Chapman FCA Chapman Worth Limited Unit 2 The Old Estate Yard High Street, East Hendred OX12 8JY
11 June 2025
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