**REGISTERED COMPANY NUMBER: 03680184 (England and Wales) REGISTERED CHARITY NUMBER: 1075477**
## **Fareshare Yorkshire Limited**
**Unaudited Financial Statements For The Year Ended 31 March 2022**
Kingswood Allotts Limited Chartered Accountants The Old Grammar School 13 Moorgate Road Rotherham South Yorkshire S60 2EN
**Fareshare Yorkshire Limited**
## **Contents of the Financial Statements For The Year Ended 31 March 2022**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**||7||
|**Cash Flow Statement**||8||
|**Notes to the Cash Flow Statement**||9||
|**Notes to the Financial Statements**|10|to|17|
## **Fareshare Yorkshire Limited**
## **Report of the Trustees For The Year Ended 31 March 2022**
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 31 March 2022. 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 aims**
The charity's purposes are set out in the objects contained in its memorandum of association.
The aim of the charity is to redistribute surplus food effectively and efficiently for the benefit of disadvantaged people in the community. The Trustees have referred to the guidance in the Charity Commission's general guidance on public benefit when reviewing aims and objectives and in planning future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.
FareShare Yorkshire supports 406 charities, community groups and schools (CFMs) in Sheffield, Rotherham, Barnsley, Wakefield, Huddersfield, Doncaster, Leeds, Bradford, Halifax, York and Harrogate. FareShare Yorkshire has been operating for 23 years from its Barnsley head office and two Sub-Regional Centres in Leeds.
FareShare Yorkshire also provides volunteer and training opportunities through warehouse training and supporting individuals back into employment through a bespoke in-house employability programme providing mentoring.
Details of specific aims, activities and achievements are included in the Achievements and Performance section of the Trustees Report below.
## **STRATEGIC REPORT**
## **Achievement and performance**
## **Charitable activities**
FareShare Yorkshire is one of 31 Regional Centres working in partnership with FareShare UK, the National food distribution charity, to re-distribute fit for purpose, in-date, quality, surplus product from the food industry to charities and community organisations such as school breakfast clubs, drop-in centres, homelessness projects, food banks, School Holiday Provision programmes and support agencies who provide meals and support for individuals and families.
In 2021/22, FareShare Yorkshire re-distributed 1,752 tonnes of food to 406 charities and organisations across Yorkshire which contributed towards providing 4.2 million meals. The level of demand for food from the charities we support continues to be high following the crisis period of the pandemic, however food sourcing and supply had its challenges also due to various factors linked to Brexit and the haulier crisis.
We continue to work in partnership with local authorities across Yorkshire and established local and national food poverty networks to work of addressing the root causes of Food Insecurity and creating provision to support front line agencies and providers.
In addition to our charitable activities, we have provided volunteering opportunities for local people and job seekers through our training programmes, with the aim of positively impacting skills, employability, self-confidence and self-esteem.
Following the successful launch of our FullCrumb Kitchen in March 2020, a high spec training kitchen at our Barnsley Head Office, we have created a 2nd teaching kitchen in Leeds. This has extended our cooking skills programme to support more individuals and CFM's to create nutritious and exciting meals from the surplus food we supply. We employ a full-time Project Manager Chef to oversee the development of our FullCrumb Kitchen and deliver cooking classes, including delivering Jamie's Ministry of Food courses.
In May 2021 we launched another new initiative, YSH (Yorkshire Storage HUB) in Leeds. This new purpose created facility strengthens our logistics and food handling ability and enables us to accept, store and redistribute more surplus food to our CFMs and partners. The site also includes a large walk-in freezer to offer frozen food to CFMs as a supplementary food offering to their existing orders. This has been a huge success and greatly appreciated by our members.
Page 1
## **Fareshare Yorkshire Limited**
## **Report of the Trustees For The Year Ended 31 March 2022**
## **STRATEGIC REPORT**
## **Financial review**
## **Financial performance**
The financial results are shown in the statement of financial activities set out on page 6. During the year the charity made a deficit of £132,749.
The key risk that the charity is exposed to is the cessation of funding from one or more of its key funders. However this is mitigated by little notice being required to close down parts of our operations and the direct tie in that a large proportion of the funders have with the specific work being carried out for them. In addition, steps have been taken to diversify the mix of funders to reduce reliance on specific income streams.
Funding is secured for the next year on all major projects committed to, therefore the charity is expected to continue operating as in the past year.
## **Principal funding sources**
The charity has mixed funding sources including grants from local authorities, The National Lottery Community Fund, Corporate Partners, Grants from regional and local funders and contributions from Community Food Members with a mixture of general funding and restricted project funding.
## **Investment policy and objectives**
The company's investment powers are set out in its Memorandum and Articles of Association and allow the company to invest funds not immediately required in investments, securities and property.
## **Reserves policy**
FareShare Yorkshire has a risk-based reserves policy to protect the core operational requirements of the charity from short term disruption to ensure that our partners can continue to operate. FareShare Yorkshire currently service 406 charity and community groups, providing food to over 40,000 individuals a week. If FareShare Yorkshire were suddenly unable to operate, the repercussions on our partners would be severe and cause serious problems for the vulnerable and disadvantaged people they support.
FareShare Yorkshire continue to review the profile of our income, wherever possible minimising the risk of sudden unpredictable reductions in income in the future and have considered this while calculating our reserves policy.
It is the aim of the Trustees to ensure that our free reserves (unrestricted funds not committed or invested in tangible fixed assets) are sufficient to ensure that FareShare Yorkshire continues to operate on a going concern basis and that the level of free reserves required takes into account both the timing of our major income streams and the risk of rapid changes in those income streams and provides time to seek new sources of revenue.
It is also FareShare Yorkshire's aim to build into free reserves some degree of capacity to fund unexpected opportunities as they arise where such opportunities are both strongly aligned with our objectives and make our income profile more robust going forwards.
The Trustees have therefore decided that FareShare Yorkshire should aim to hold free reserves, after designations, of up to six months of committed expenditure. This target was derived by considering the risk to income streams against the requirement to fund non-cancellable and essential expenditure for up to six months.
We include staff costs, rent and motor vehicle costs in committed expenditure and exclude spending of restricted funds. We currently estimate annual committed expenditure to be £730,000, therefore our target reserves are £365,000. Our general free reserves (excluding tangible fixed assets) on 31 March 2022 were £108,299 representing 30% of the target.
## **PLANS FOR FUTURE PERIODS**
The charity's main priorities for 2022/2023 are:
- Increased food supply levels in line with CFM driven demand
- Work with our CFMs and partners to ensure our support is impactful and helps address the root causes of food insecurity
- Expand our Employability and Cooking skills programmes delivered in Barnsley and Leeds
- To continue to innovative and create new solutions of working practice with the Food industry to source the food we need to support our members
- Ensure the structure and resources of the charity are fit for purpose
Page 2
## **Fareshare Yorkshire Limited**
## **Report of the Trustees For The Year Ended 31 March 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The company is registered as a company limited by guarantee, without a share capital. Its governing instrument is its Memorandum and Articles of Association.
## **Recruitment and appointment of new Trustees**
The Trustees are appointed by the members of the company. All the Trustees retire at each Annual General Meeting and, being eligible, offer themselves for re-election. The Trustees can appoint additional Trustees to fill a casual vacancy. Any Trustee so appointed will hold office only until the following Annual General Meeting, and shall then be eligible for re-election.
## **Organisational structure**
The company is governed by a Board of Trustees who are responsible for setting the strategic direction of the organisation and for establishing policy. A Chief Executive is appointed by the Board to manage the day to day affairs of the company.
## **Induction and training of new Trustees**
All new Trustees receive an induction from a board member and are invited to visit the operational sites to gain a greater understanding of how the charity performs its work.
## **Key management remuneration**
All senior management pay scales are determined by the Board of Trustees and are in line with local and national roles at an equivalent level.
## **Wider network**
As part of a national group the area in which the charity operates is restricted, however there is greater opportunity to obtain certain types of funding directly or through the national network.
## **Risk management**
The charity has a Risk and Finance sub-committee which meets 4 times per year which is made up of 4 Trustees and 4 SMT (Senior Management Team) employees. The Sub-committee reviews those risks that are seen as most likely to affect the business and its ability to continue to operate. These areas include, but are not confined to Governance, External Risks, Regulatory and Compliance, Financial and Operational.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
03680184 (England and Wales)
## **Registered Charity number**
1075477
## **Registered office**
Unit 14 Aldham Industrial Estate Mitchell Road Wombwell Barnsley South Yorkshire S73 8HA
## **Trustees**
S J Kirk Ms S Hobbs D Swinden D A Reid J R Sanderson Mrs S Sunderland Chair of Trustees S Stothart Treasurer B Haigh (appointed 10.12.2021)
Page 3
## **Fareshare Yorkshire Limited**
## **Report of the Trustees For The Year Ended 31 March 2022**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Independent Examiner**
Mark Garrison BCom FCA DChA ICAEW Kingswood Allotts Limited Chartered Accountants The Old Grammar School 13 Moorgate Road Rotherham South Yorkshire S60 2EN
## **Bankers**
National Westminster Plc 26 Market Hill Barnsley S70 2QE
## **Chief Executive**
Gareth Batty
Report of the Trustees, incorporating a strategic report, approved by order of the Board of Trustees, as the company directors, on ............................................. and signed on its behalf by: 9th December 2022
...............................................................................
Mrs S Sunderland - Trustee
Page 4
## **Independent Examiner's Report to the Trustees of Fareshare Yorkshire Limited**
## **Independent examiner's report to the trustees of Fareshare Yorkshire Limited ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
## **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 registered member of ICAEW 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.
Mark Garrison BCom FCA DChA ICAEW Kingswood Allotts Limited Chartered Accountants The Old Grammar School 13 Moorgate Road Rotherham South Yorkshire S60 2EN
Date: .............................................
Page 5
## **Fareshare Yorkshire Limited**
## **Statement of Financial Activities (Incorporating an Income and Expenditure Account) For The Year Ended 31 March 2022**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
Membership fees
Grants & contracts
Other services
Investment income
3
**Total**
**EXPENDITURE ON**
**Charitable activities**
5
Membership fees
Grants & contracts
Other services
**Total**
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
17
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
70,582
322,082
-
-
1
392,665
491,502
-
-
491,502
(98,837)
(60,423)
(159,260)
440,600
281,340|Restricted
funds
£
142,499
-
233,076
156,660
-
532,235
85,534
352,318
128,295
566,147
(33,912)
60,423
26,511
17,446
43,957|2022
Total
funds
£
213,081
322,082
233,076
156,660
1
924,900
577,036
352,318
128,295
1,057,649
(132,749)
-
(132,749)
458,046
325,297|2021
Total
funds
£
468,260
340,950
245,398
77,408
1|
|---|---|---|---|---|
|||||1,132,017|
|||||546,260
194,781
77,408|
|||||818,449|
|||||313,568
-|
|||||313,568
144,478|
|||||458,046|
The notes form part of these financial statements
Page 6
## **Fareshare Yorkshire Limited**
## **Balance Sheet 31 March 2022**
|Notes
**FIXED ASSETS**
Tangible assets
12
**CURRENT ASSETS**
Debtors
13
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
14
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
17
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2022
£
186,999
76,218
183,105
259,323
(121,025)
138,298
325,297
325,297
281,340
43,957
325,297|2021
£
254,445
28,052
307,894
335,946
(132,345)
203,601
458,046
458,046
440,600
17,446
458,046|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.
9th December 2022 ............................................. and
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. were signed on its behalf by:
............................................. S Stothart - Trustee
The notes form part of these financial statements
Page 7
## **Fareshare Yorkshire Limited**
## **Cash Flow Statement For The Year Ended 31 March 2022**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash (used in)/provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
**Cash flows from financing activities**
Loan repayments in year
Capital repayments in year
Net cash provided by/(used in) financing activities
**Change in cash and cash equivalents in the**
**reporting period**
**Cash and cash equivalents at the beginning**
**of the reporting period**
**Cash and cash equivalents at the end of the**
**reporting period**|2022
£
(123,450)
(123,450)
(1,340)
1
(1,339)
-
-
-
(124,789)
307,894
183,105|2021
£
361,298
361,298
(134,800)
1
(134,799)
(10,284)
(50,274)
(60,558)
165,941
141,953
307,894|
|---|---|---|
The notes form part of these financial statements
Page 8
## **Fareshare Yorkshire Limited**
## **Notes to the Cash Flow Statement For The Year Ended 31 March 2022**
|**1.**|**RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM**|**RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM**|**OPERATING ACTIVITIES**|**OPERATING ACTIVITIES**||
|---|---|---|---|---|---|
||||2022||2021|
||||£||£|
||**Net (expenditure)/income for the reporting period (as per the Statement of**|||||
||**Financial Activities)**||(132,749)||313,568|
||**Adjustments for:**|||||
||Depreciation charges||68,786||83,970|
||Interest received||(1)||(1)|
||Increase in debtors||(48,166)||(11,393)|
||Decrease in creditors||(11,320)||(24,846)|
||**Net cash (used in)/provided by operations**||(123,450)||361,298|
|2.|**ANALYSIS OF CHANGES IN NET FUNDS**|||||
|||At 1.4.21|Cash flow|At|31.3.22|
|||£|£||£|
||**Net cash**|||||
||Cash at bank and in hand|307,894|(124,789)||183,105|
|||307,894|(124,789)||183,105|
||**Total**|307,894|(124,789)||183,105|
The notes form part of these financial statements
Page 9
## **Fareshare Yorkshire Limited**
## **Notes to the Financial Statements For The Year Ended 31 March 2022**
## **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)', 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.
Furniture 20%, 25% and 33% on cost Computer equipment 33% on cost Plant and machinery 25% reducing balance
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Restricted funds are funds received from donors which are subject to restrictions on the purposes for which they may be used. Unrestricted funds are those where there are no externally imposed restrictions. These include funds freely available to the charity for expenditure or appropriation to reserves for internally designated purposes.
## **Hire purchase and leasing commitments**
Assets obtained under hire purchase contracts or finance leases are capitalised in the Balance Sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.
## **Donated goods and donated facilities**
Assets donated for use by the charity are included in incoming resources when receivable. Donated assets are included in incoming resources and capitalised as fixed assets at the directors' estimate of their value to the charity. Donated facilities are included as incoming resources and direct charitable expenditure at the directors' estimate of the cost of the facilities.The company's activities consist of the distribution of foodstuffs to projects for the homeless. All foodstuffs are donated to the company, but no estimate of their value is included in the statement of financial activities.
Page 10
continued...
**Fareshare Yorkshire Limited**
## **Notes to the Financial Statements - continued For The Year Ended 31 March 2022**
## **2. DONATIONS AND LEGACIES**
|Donations
**INVESTMENT INCOME**
Deposit account interest
**INCOME FROM CHARITABLE ACTIVITIES**
Membership
fees
£
Recycling food
322,082
Training & cooking skills
-
Other services
-
322,082
**CHARITABLE ACTIVITIES COSTS**
Membership fees
Grants & contracts
Other services
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
Recycling food
Training & cooking skills
Other services|Grants &
contracts
£
140,666
92,410
-
233,076|Other
services
£
-
-
156,660
156,660
Direct
Costs (see
note 6)
£
542,721
352,318
128,295
1,023,334|2022
£
213,081
2022
£
1
2022
Total
activities
£
462,748
92,410
156,660
711,818
Support
costs (see
note 7)
£
34,315
-
-
34,315
2022
£
694,653
200,386
128,295
1,023,334||2021
£
468,260|
|---|---|---|---|---|---|
||||||2021
£
1
2021
Total
activities
£
576,323
10,025
77,408|
||||||663,756|
||||||Totals
£
577,036
352,318
128,295|
|||||1,057,649||
|||||2021
£
654,619
20,945
77,408||
|||||752,972||
## **3. INVESTMENT INCOME**
## **4. INCOME FROM CHARITABLE ACTIVITIES**
## **5. CHARITABLE ACTIVITIES COSTS**
## **6. DIRECT COSTS OF CHARITABLE ACTIVITIES**
Page 11
continued...
**Fareshare Yorkshire Limited**
## **Notes to the Financial Statements - continued For The Year Ended 31 March 2022**
## **7. SUPPORT COSTS**
## **8.**
|**SUPPORT COSTS**||||
|---|---|---|---|
|||Governance||
||Management|costs|Totals|
||£|£|£|
|Membership fees|30,265|4,050|34,315|
|Support costs, included in the above, are as follows:||||
|||2022|2021|
|||Membership|Total|
|||fees|activities|
|||£|£|
|Insurance||2,467|1,627|
|Repairs and renewals||4,939|9,800|
|Telephone||4,991|6,981|
|Postage and stationery||1,121|1,000|
|Bank charges||995|818|
|Sundries||15,752|33,802|
|Hire purchase interest||-|6,694|
|Accountancy and legal fees||4,050|4,755|
|||34,315|65,477|
|**NET INCOME/(EXPENDITURE)**||||
|Net income/(expenditure) is stated after charging/(crediting):||||
|||2022|2021|
|||£|£|
|Depreciation - owned assets||68,786|83,970|
|Independent examination||4,050|3,750|
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **10. STAFF COSTS**
|**STAFF COSTS**|||
|---|---|---|
||2022|2021|
||£|£|
|Wages and salaries|567,768|362,261|
|Social security costs|42,708|38,554|
|Other pension costs|8,393|13,170|
||||
||618,869|413,985|
||||
||||
The average monthly number of employees during the year was as follows:
||2022|2021|
|---|---|---|
|Charitable activities|27|20|
No employees received emoluments in excess of £60,000.
Page 12
continued...
**Fareshare Yorkshire Limited**
## **Notes to the Financial Statements - continued For The Year Ended 31 March 2022**
## **10. STAFF COSTS - continued**
A substantial amount of volunteer time is given to the charity. This has not been quantified.
The total amount of employee benefits (including employer pension contributions) received by key management personnel for their services to the charity was £117,821 (2021: £79,833).
## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Membership fees
Grants & contracts
Other services
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Membership fees
Grants & contracts
Other services
**Total**
**NET INCOME**
**Transfers between funds**
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
266,417
340,950
-
-
1
607,368
361,269
-
-
361,269
246,099
183,406
429,505
11,095
440,600|Restricted
funds
£
201,843
-
245,398
77,408
-
524,649
184,991
194,781
77,408
457,180
67,469
(183,406)
(115,937)
133,383
17,446|Total
funds
£
468,260
340,950
245,398
77,408
1|
|---|---|---|---|
||||1,132,017|
||||546,260
194,781
77,408|
||||818,449|
||||313,568
-|
||||313,568
144,478|
||||458,046|
Page 13
continued...
**Fareshare Yorkshire Limited**
## **Notes to the Financial Statements - continued For The Year Ended 31 March 2022**
## **12. TANGIBLE FIXED ASSETS**
|**TANGIBLE FIXED ASSETS**||||
|---|---|---|---|
|Plant and
machinery
£
**COST**
At 1 April 2021
4,125
Additions
-
At 31 March 2022
4,125
**DEPRECIATION**
At 1 April 2021
3,286
Charge for year
210
At 31 March 2022
3,496
**NET BOOK VALUE**
At 31 March 2022
629
At 31 March 2021
839|Fixtures
and
fittings
£
227,053
262
227,315
96,408
37,481
133,889
93,426
130,645|Motor
Computer
vehicles
equipment
£
£
213,196
686
-
1,078
213,196
1,764
90,235
686
30,740
355
120,975
1,041
92,221
723
122,961
-|Totals
£
445,060
1,340|
||||446,400|
||||190,615
68,786|
||||259,401|
||||186,999|
||||254,445|
All fixed assets are used for direct charitable purposes.
## **13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other debtors
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Social security and other taxes
Other creditors
Accruals and deferred income||
|---|---|
## **14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
The movements on deferred income were:
|The movements on deferred income were:|||
|---|---|---|
||2022|2021|
||£|£|
|Balance brought forward|124,392|133,528|
|Income received|92,152|124,392|
|Income released to SOFA|(124,392)|(133,528)|
||||
|Balance carried forward|92,152|124,392|
||||
Income has been deferred because it relates to future accounting periods as stipulated by the funders.
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continued...
**Fareshare Yorkshire Limited**
## **Notes to the Financial Statements - continued For The Year Ended 31 March 2022**
## **15. LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as follows:
|Within one year
Between one and five years
In more than five years|2022
£
100,673
11,548
-
112,221|2021
£
84,343
83,891
9,623|
|---|---|---|
|||177,857|
## **16. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Unrestricted
Restricted
funds
funds
£
£
Fixed assets
173,042
13,957
Current assets
150,323
109,000
Current liabilities
(42,025)
(79,000)
281,340
43,957|2022
Total
funds
£
186,999
259,323
(121,025)
325,297|2021
Total
funds
£
254,445
335,946
(132,345|
|---|---|---|
|||458,046|
The 2021 total funds balance of (458,046) was made up of the following:
Unrestricted 440,600 Restricted 17,446
## **17. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
WRAP
Training & cooking skills
Other services
Recycling food
Donations and legacies
**TOTAL FUNDS**|Net
Transfers
movement
between
At 1.4.21
in funds
funds
£
£
£
440,600
(98,837)
(60,423)
17,446
(3,489)
-
-
(81,011)
81,011
-
28,365
(28,365)
-
(7,777)
7,777
-
30,000
-
17,446
(33,912)
60,423
458,046
(132,749)
-|At
31.3.22
£
281,340
13,957
-
-
-
30,000|
|---|---|---|
|||43,957|
|||325,297|
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continued...
**Fareshare Yorkshire Limited**
## **Notes to the Financial Statements - continued For The Year Ended 31 March 2022**
## **17. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|392,665|(491,502)|(98,837)|
|**Restricted funds**||||
|WRAP|-|(3,489)|(3,489)|
|Training & cooking skills|92,410|(173,421)|(81,011)|
|Other services|156,660|(128,295)|28,365|
|Recycling food|140,666|(148,443)|(7,777)|
|Donations and legacies|142,499|(112,499)|30,000|
||532,235|(566,147)|(33,912)|
|**TOTAL FUNDS**|924,900|(1,057,649)|(132,749)|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Training & cooking skills
Recycling food
**TOTAL FUNDS**|Net
Transfers
movement
between
At 1.4.20
in funds
funds
£
£
£
11,095
246,099
183,406
54,600
(10,920)
(43,680)
78,783
78,389
(139,726)
133,383
67,469
(183,406)
144,478
313,568
-|At
31.3.21
£
440,600
-
17,446|
|---|---|---|
|||17,446|
|||458,046|
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|577,368|(331,269)|246,099|
|Rotherham Council Contract|30,000|(30,000)|-|
||607,368|(361,269)|246,099|
|**Restricted funds**||||
|Training & cooking skills|10,025|(20,945)|(10,920)|
|Other services|77,408|(77,408)|-|
|Recycling food|235,375|(156,986)|78,389|
|Donations and legacies|201,841|(201,841)|-|
||524,649|(457,180)|67,469|
|**TOTAL FUNDS**|1,132,017|(818,449)|313,568|
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continued...
**Fareshare Yorkshire Limited**
## **Notes to the Financial Statements - continued For The Year Ended 31 March 2022**
## **17. MOVEMENT IN FUNDS - continued**
The restricted funds are used for the following purposes:
Funding for Leeds area only - to support the work of FareShare in Leeds FareShare - Van Morrisons - capital support for purchase of vehicles
FareShare - Van Yorkshire Health - capital support for purchase of vehicles
Asda Van and Driver funding - capital support for purchase of vehicles and to support the operating costs of new vans and their drivers to support CFM Growth.
RLS income - to fund the Lorry 'Regional Logistics Solution'.
Asda Investment fund - capital support funding for Infrastructure.
Barnsley foodbank - to deliver the Barnsley Foodbank partnership work.
BLF staffing - to support management capacity
Full Crumb Kitchen - capital support for purchase of kitchen and to support the delivery of Cooking Classes and training. Employability income - Funding restricted to delivery of training programmes.
Good Food Barnsley - Funding to support employment and associated costs of Innovation Manager for GFB Rotherham FIC - Funding from RMBC to support food provision in Rotherham
WRAP - Grant funding to support the work of YSH (Yorkshire Storage HUB) and RLS (Regional Logistics Solution) and the provision of frozen food for CFMs.
Other donations include J W Chapman, Virgin Money Foundation, LCC, Cutlers Company, Evan Cornish, Harry Bottom Trust, Sheffield Town Trust and Minster Law which are restricted to specific locations or purposes.
## **18. CONTINGENT LIABILITIES**
As far as the directors are aware, there were no contingent liabilities.
## **19.**
## **CAPITAL COMMITMENTS**
|**CAPITAL COMMITMENTS**|||||
|---|---|---|---|---|
||2022||2021||
||£||£||
|Contracted but not provided for in the financial statements||-||-|
## **20. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2022.
## **21. ULTIMATE CONTROLLING PARTY**
The company is ultimately controlled by its members. No individual member has control.
## **22. SHARE CAPITAL**
The company is registered as a company Limited by Guarantee and has no share capital. The current members are guarantors in the sum of £5.
## **23. COMPARATIVE FIGURES**
The charitable activities in 2022 have been re-categorised to more accurately reflect what the charity does. The 2021 comparative figures have been amended accordingly. This has not affected the overall results for 2021.
Page 17