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REGISTERED COMPANY NUMBER: 05885305 (England and Wales)
REGISTERED CHARITY NUMBER: 1116438




















REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

FOOD FOR THE BRAIN FOUNDATION
(A COMPANY LIMITED BY GUARANTEE)

FOOD FOR THE BRAIN FOUNDATION

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Report of the Trustees 1 to 4

Independent Examiner's Report 5

Statement of Financial Activities 6

Balance Sheet 7 to 8

Notes to the Financial Statements 9 to 13

FOOD FOR THE BRAIN FOUNDATION (REGISTERED NUMBER: 05885305)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of 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 activities
The objects for which the Trust is established is "to advance the education of the general public and health professionals in all areas concerning nutrition and mental health."

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

The main objectives of the year were to continue :-

to be a source of evidence-based educational resources for both the public and healthcare professional via our website, digital tools, weekly e-news, media/magazine interviews, social media and events; to this end we also presented at five major conferences and gave dozens of presentations and media interviews. We developed a network of leading health professional organisations who share our educational material to their groups.

to advance awareness of the importance of nutrition in mental health conditions and mental wellbeing, with a continuing focus on reducing the risk of Alzheimer's and dementia as well as widening our educational outreach work and services. We now work with ten leading experts at universities around the world, learning and sharing prevention approaches.

to develop our volunteer and Ambassador programme who as helping to 'prescribe' COGNITION into their communities.

to launch and continue to develop the Charity's COGNITION programme - a highly personalised digital health tool to educate individuals on how to reduce the risk of Alzheimer's and Dementia in line with our Alzheimer's Prevention Project: a programme to raise awareness of the steps which can be taken to reduce risk of Alzheimer's including drafting a manifesto for change and beginning preparations for a masterclass on the topic.


FOOD FOR THE BRAIN FOUNDATION (REGISTERED NUMBER: 05885305)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024


ACHIEVEMENT AND PERFORMANCE
The primary focus for this year has been in reaching more individuals, enrolling them in the online Cognitive Function Test and Dementia Risk Index questionnaire, signing up to the educational programme COGNITION as well as adding biological data by adding blood test data via home test kits to expand the research data. A further 38,788 people registered for the test, also joining our growing list of subscribers, with several thousand also adding biological data via home test kits. The active mailing list has also grown substantially to over 50,000. Donations via FRIENDS of the charity also grow to 1,550 donating £44,700.

The second half of the year, from April, launched the Upgrade Your Brain campaign which reached several million people via media exposure. This also included a conference and a UK and Ireland lecture tour generating an income from events of £53,522.

Other donations are increased to £57,396.

We continue to make the educational service via the website, e-communications and the Cognitive Function test and COGNITION better. Considerable expansion of the Research department, including adding testing facilities, outsourced to our partner laboratory, and building the Research Database on the REDCap platform is enabling us to have the means to learn what really helps cognitive decline. This development work is ongoing.

Significant efforts were made in streamlining the operational functions, refining the marketing and communications approach, reducing costs and improving reporting.

The core team includes marketing and communications (Kezia), customer and COGNITION support (Kim), digital operations (Steffan), research tests (Joyce) and database (Cath) each working autonomously, supported by the CEO, Patrick Holford. Each are supported by an able team of volunteers.

FINANCIAL REVIEW
Financial position
The fund balances at the end of the year are shown on page 7..

The principal funding sources were from corporate, charitable trust and individual member donations totalling £244,908 and events totalling £52,990..

The Trustees regularly monitor the Charity's Reserves to ensure that an adequate level is maintained to meet its stated objectives for the maintenance of core activities and the development of existing and future projects.

The level of reserves established by the Trustees are those that the Trustees believe are sufficient to enable the Charity to carry out its objectives and meet its financial obligations.
The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.


FOOD FOR THE BRAIN FOUNDATION (REGISTERED NUMBER: 05885305)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is a company limited by guarantee.

The Trustees, who are also the directors for the purpose of company law, and who served during the year are as below.

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Each calendar year normally one-third of the Trustees are due to retire by rotation, and can stand for re-election.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05885305 (England and Wales)

Registered Charity number
1116438

Registered office
Fforest Barn Retreat
Forest Coal Pit
Abergavenny
Monmouthshire
NP7 7LL

Trustees
Dr R V Tutt
M W Metcalfe
Mrs M Limnios
Ms J Ferrari-Wells
A Banerjee
P J Holford
Mrs V Roche
R Brown (appointed 1/10/2023)
B Parker (appointed 1/10/2023)

Company Secretary
Ms J Ferrari-Wells

Independent Examiner
M F Gibbons FCA, TEP
Orcom Civvals Limited
Accountants
50 Seymour Street
London
W1H 7JG


FOOD FOR THE BRAIN FOUNDATION (REGISTERED NUMBER: 05885305)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024


This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 12 December 2024 and signed on its behalf by:





Ms J Ferrari-Wells - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
FOOD FOR THE BRAIN FOUNDATION


Independent examiner's report to the trustees of Food for the Brain Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.








M F Gibbons FCA, TEP
The Institute of Chartered Accountants in England and Wales

Orcom Civvals Limited
Accountants
50 Seymour Street
London
W1H 7JG

12 December 2024

FOOD FOR THE BRAIN FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 JUNE 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 244,908 110,708

Other activities 2 52,990 21,860
Investment income 3 129 72
Total 298,027 132,640

EXPENDITURE ON
Charitable activities
Support costs 22,247 74,035

Expenditure on charitable activities 285,401 30,799
Total 307,648 104,834

NET INCOME/(EXPENDITURE) (9,621 ) 27,806


RECONCILIATION OF FUNDS
Total funds brought forward 62,848 35,042

TOTAL FUNDS CARRIED FORWARD 53,227 62,848

FOOD FOR THE BRAIN FOUNDATION (REGISTERED NUMBER: 05885305)

BALANCE SHEET
30 JUNE 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 6 15,021 23,913

CURRENT ASSETS
Stocks 7 13,088 -
Debtors 8 9,324 4,350
Cash at bank 53,717 60,563
76,129 64,913

CREDITORS
Amounts falling due within one year 9 (37,923 ) (25,978 )

NET CURRENT ASSETS 38,206 38,935

TOTAL ASSETS LESS CURRENT
LIABILITIES

53,227

62,848

NET ASSETS 53,227 62,848
FUNDS 10
Unrestricted funds 53,227 62,848
TOTAL FUNDS 53,227 62,848

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


FOOD FOR THE BRAIN FOUNDATION (REGISTERED NUMBER: 05885305)

BALANCE SHEET - continued
30 JUNE 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 12 December 2024 and were signed on its behalf by:





J Ferrari-Wells - Trustee

FOOD FOR THE BRAIN FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

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.


FOOD FOR THE BRAIN FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. OTHER ACTIVITIES
2024 2023
£    £   
Events 22,896 3,499
Other 30,094 18,361
52,990 21,860

3. INVESTMENT INCOME
2024 2023
£    £   
Deposit account interest 129 72

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Independent examiners fee 756 600
Depreciation - owned assets 12,972 12,285

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.



FOOD FOR THE BRAIN FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2023 47,810
Additions 4,080
At 30 June 2024 51,890
DEPRECIATION
At 1 July 2023 23,897
Charge for year 12,972
At 30 June 2024 36,869
NET BOOK VALUE
At 30 June 2024 15,021
At 30 June 2023 23,913

7. STOCKS
2024 2023
£    £   
Stocks 13,088 -

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,324 2,590
Other debtors - 416
Prepayments - 1,344
9,324 4,350


FOOD FOR THE BRAIN FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 25,754 7,809
Other creditors 10,000 10,000
Accrued expenses 2,169 8,169
37,923 25,978

10. MOVEMENT IN FUNDS
Net
movement At
At 1/7/23 in funds 30/6/24
£    £    £   
Unrestricted funds
General fund 62,848 (9,621 ) 53,227

TOTAL FUNDS 62,848 (9,621 ) 53,227

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 298,027 (307,648 ) (9,621 )

TOTAL FUNDS 298,027 (307,648 ) (9,621 )


Comparatives for movement in funds

Net
movement At
At 1/7/22 in funds 30/6/23
£    £    £   
Unrestricted funds
General fund 35,042 27,806 62,848

TOTAL FUNDS 35,042 27,806 62,848

FOOD FOR THE BRAIN FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


10. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 132,640 (104,834 ) 27,806

TOTAL FUNDS 132,640 (104,834 ) 27,806

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2024.