Company Registration No. 05636575 (England and Wales)
BRIGHTON AND HOVE FOOD PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2021
PAGES FOR FILING WITH REGISTRAR
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
United Kingdom
BN44 3TN
BRIGHTON AND HOVE FOOD PARTNERSHIP
CONTENTS
Page
Company information
1
Balance sheet
2
Notes to the financial statements
3 - 6
BRIGHTON AND HOVE FOOD PARTNERSHIP
COMPANY INFORMATION
- 1 -
Directors
V Williams
S Paskins
S Salts
J Howard
O Sykes
B Hurwood
(Appointed 20 April 2021)
G Burrows
(Appointed 11 May 2021)
J Diaper
(Appointed 20 April 2021)
K Kirkham
(Appointed 11 May 2021)
Secretary
V Borrill
Company number
05636575
Registered office
Community Base
113 Queens Road
Brighton
East Sussex
BN1 3XG
Accountants
TC Group
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
United Kingdom
BN44 3TN
BRIGHTON AND HOVE FOOD PARTNERSHIP
BALANCE SHEET
AS AT 31 MARCH 2021
31 March 2021
- 2 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
3
22,535
31,536
Current assets
Debtors
4
39,152
11,097
Cash at bank and in hand
248,198
95,105
287,350
106,202
Creditors: amounts falling due within one year
5
(244,721)
(78,426)
Net current assets
42,629
27,776
Total assets less current liabilities
65,164
59,312
Reserves
Income and expenditure account
6
65,164
59,312
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.
true
For the financial year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 10 November 2021 and are signed on its behalf by:
V Williams
Director
Company Registration No. 05636575
The notes on pages 3 to 6 form part of these financial statements
BRIGHTON AND HOVE FOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
- 3 -
1
Accounting policies
Company information
Brighton and Hove Food Partnership is a
private
company
limited by guarantee
incorporated in England and Wales.
The registered office is
Community Base, 113 Queens Road, Brighton, East Sussex, BN1 3XG.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Income takes the form of grants to provide specific or towards general support of our costs, or payment in the form of a contract for services provided, Where grants and similar income are for time based projects, or have been paid in advance in any way, the appropriate amount of income has been carried forward within the deferred income account. Income will be credited to the income and expenditure account from the deferred income account in line with the associated relevant costs, or on a time basis, as is most appropriate.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% Straight line
Computers
33% Straight line
At each reporting
period
end date, the
company
reviews the carrying amounts of its tangible
assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company
estimates the recoverable amount of the cash-generating unit to which the asset belongs.
BRIGHTON AND HOVE FOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
1
Accounting policies
(Continued)
- 4 -
1.4
Cash at bank and in hand
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax is not recognised on the basis of it being considered immaterial to the accounts.
1.7
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
1.8
Leases
Rentals payable under operating leases,
including
any lease incentives received, are charged to
profit or loss
on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease
s
asset are consumed.
1.9
Funds
The company has various types of funds for which it is responsible:
Unrestricted funds - these funds are for use on the general objectives of the company
Restricted funds - these funds are for the specific purposes as laid down by the donor - expenditure which meets these criteria is charged to the fund together with a fair proportion of management and support costs.
BRIGHTON AND HOVE FOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
- 5 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
17
14
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 April 2020
58,189
14,772
72,961
Additions
4,441
1,616
6,057
At 31 March 2021
62,630
16,388
79,018
Depreciation and impairment
At 1 April 2020
26,653
14,772
41,425
Depreciation charged in the year
14,936
122
15,058
At 31 March 2021
41,589
14,894
56,483
Carrying amount
At 31 March 2021
21,041
1,494
22,535
At 31 March 2020
31,536
31,536
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Trade debtors
22,778
4,986
Other debtors
16,374
6,111
39,152
11,097
BRIGHTON AND HOVE FOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
- 6 -
5
Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
13,399
3,404
Corporation tax
1,868
Other taxation and social security
11,647
10,784
Other creditors
219,675
62,370
244,721
78,426
6
Core activities / Unrestricted reserves
Balance
Balance
01.04.20
Incoming
Outgoing
31.03.21
£
£
£
£
Programmes:
Community Cookery (Including schools)
5,715
76,351
74,109
7,957
Community Kitchen
30,566
51,178
60,143
21,601
Community Food Project Support
(339)
82,467
82,083
45
Community & Therapeutic Gardening (Including Stanmer)
-
96,205
96,599
(394)
Food Strategy Project
504
108,280
103,662
5,122
Food Waste Reduction
(202)
42,002
44,696
(2,896)
Good Food Grant
144
-
-
144
Covid-19 Emergency Food Response
1,913
450,545
452,770
(312)
38,301
907,028
914,062
31,267
Core Activities
21,011
54,287
41,401
33,897
59,312
961,315
955,463
65,164
7
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.