Company Registration No. 05636575 (England and Wales)
BRIGHTON AND HOVE FOOD PARTNERSHIP
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2020
PAGES FOR FILING WITH REGISTRAR
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
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
B Thomas
J Bates
V Williams
S Paskins
S Salts
J Howard
O Sykes
(Appointed 1 January 2020)
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
BN44 3TN
BRIGHTON AND HOVE FOOD PARTNERSHIP
BALANCE SHEET
AS AT
31 MARCH 2020
31 March 2020
- 2 -
2020
2019
Notes
£
£
£
£
Fixed assets
Tangible assets
3
31,536
47,038
Current assets
Debtors
4
11,097
19,128
Cash at bank and in hand
95,105
97,538
106,202
116,666
Creditors: amounts falling due within one year
5
(78,426)
(102,310)
Net current assets
27,776
14,356
Total assets less current liabilities
59,312
61,394
Reserves
Income and expenditure account
59,312
61,394

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 2020 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 4 February 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 2020
- 3 -
1
Accounting policies
Company information

Brighton and Hove Food Partnership (05636575) 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 2020
1
Accounting policies
(Continued)
- 4 -
1.4
Cash at bank and in hand

Cash at bank and in hand 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.

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 liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

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.

BRIGHTON AND HOVE FOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2020
1
Accounting policies
(Continued)
- 5 -
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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 14 (2019 - 12).

3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 April 2019 and 31 March 2020
58,189
14,772
72,961
Depreciation and impairment
At 1 April 2019
12,116
13,807
25,923
Depreciation charged in the year
14,537
965
15,502
At 31 March 2020
26,653
14,772
41,425
Carrying amount
At 31 March 2020
31,536
-
31,536
At 31 March 2019
46,073
965
47,038
4
Debtors
2020
2019
Amounts falling due within one year:
£
£
Trade debtors
4,986
10,025
Other debtors
6,111
9,103
11,097
19,128
BRIGHTON AND HOVE FOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2020
- 6 -
5
Creditors: amounts falling due within one year
2020
2019
£
£
Trade creditors
3,404
13,277
Corporation tax
1,868
130
Other taxation and social security
10,784
-
Other creditors
62,370
88,903
78,426
102,310
6
Reserves
Balance
Balance
01.04.19
Incoming
Outgoing
31.03.20
£
£
£
£
Programmes:
Community Cookery (Including schools)
(2,401)
85,496
(77,380)
5,715
Community Kitchen
46,063
84,126
(99,623)
30,566
Community Food Project Support
(700)
37,845
(37,484)
(339)
Community Gardening (Harvest)
(428)
38,046
(37,618)
-
Food Strategy Project
-
111,844
(111,340)
504
Food Waste Reduction
(1,600)
66,036
(64,638)
(202)
Good Food Grant
(500)
16,000
(15,356)
144
Covid-19 Emergency Food Response
-
7,000
(5,087)
1,913
40,434
446,393
(448,526)
38,301
Core Activities
20,960
30,787
(30,736)
21,011
61,394
477,180
(479,262)
59,312
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.

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