SHAREDINTEREST
FOUNDATION
TRUSTEES, ANNUAL REPORT
AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024
Shared Interest Foundation is a
charitable company limited by guarantee
Registered Company Number: 4833073
Registered Charity Number: 1102375

SHARED INTEREST FOUNDATION
ANNUAL REPORT 2024
Contents
L al and Administrative Information
Trustees, Re
ort
Inde
endent Auditors, Re
ort
Statement of Financial Activities
10
Balance Sheet
12
Notes to thé Financial Statements
13
Shared Interest Foundation Trustees. Report and Financial Sialemenls for the year ended 30 September 2024
page 2

LEGAL & ADMINISTRATIVE INFORMATION
LEGAL STATUS
The organlsatlon Is a charitabl8 company limited by guarantee (registered company number 48330731, incorporated on 15 Juty
2003 and reglstered as a charity on 27 February 2004 (registered charity number 11023751.
The company was established under a Memorandum of Association {15 July 20031 which sets out th8 objectives and powers of
the charitable company and is governed und&r ils Articles of Association115 July 2003}.
DIRECTORS AND ADVISERS
for the year ended 30 Septemb8r 2024
The Directors of the company, vtho are also the Trustees of the charily. who were in offlce during the year were..
Year appolntod
2006
DP Alexander
Y Gale (Chalr)
C Talens
2019
2019
R Anderson
2020
MJF Duncan
2021
JCP Valentln
2021
J Miller
2022
Company Secretsry
TD Morgan
Independent Audltors
Amstrong Watson LLP
One Strawberry Lane
N&wcaslle upon Tyne
NE1 4BX
Principal and Regi8t•red Offic•
Pearl Assurance House
7 New Bridge Stre8t West
Newcastle upon Tyne
NE1 8AQ
Shared Interest Foundation - Truslees, Report and Financial Statements for the year ènded 30 September 2024
page 3

TRUSTEES, REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Trustees present their report and audited financial statements for the year. Thls report has
been prepared In accordance with the special provisions relating to small companles wfthln the
Companles Act 2006.
GOVERNING DOCUMENT AND
ORGANISATION
pa￿ra Alexander~ Sl Oswald's Primary School, South
Shields Ichalr of Governors), Newcastlè
8uslnèss School Advisory Board
The company is governed by It$ Memorandum and Articl89
of Assoclatlon. It Is also 8 registered charity. The day-to-day
running of the company is overseen by the Board of Truste&8.
Tim Morgan '
Northem Danc
Yvonn& Galè
PRINCIPAL AIMS AND OBJECTIVES
NEL Fund Managers Ltd, Dlreclor
(Thè appointments below In Italics are
dormant or semi-dormant entiti&s linkod
lo the above appointm8nt}.
NE Growth (ERDFJ G8neral Partner Ltd,
Director
NE Growth (ERDF) Cerried Interest
Partner Ltd,NE Debt Fund Carrled Interest
Partner Llmlted. Dlreclor NE Debt Fund
General Partner Llmiled, Dlrector NE
Sm811er Loans Fund Carrted inteTrst
Partner Lirnlted, DI￿rIor
NE Smaller Loans Fund General Partn
Limited, Director
Dir8clor NE Sm811 Loan (EADF) General
Partner Ltd. DireclorNorthem Enterpnse
Llmlled, Dlrector,
Instrtul8 ol Chartèred Accountants
in England and Wales, Membgrs and
Commerclal Board,
Northern Socialy of Chart8red
Accounlanls, Trust90
Mlllfleld House Foundation, Trustee and
Chalr ol Investment Committe8,
North East England Chamber of
Commerce, Dlrector and Chair of
Invaslment Committee,
Offlce ol the Small Business
Commissioner, Chair
Creatlve UK, Credll Commlttee Member
St Chad's College Durham, Director
Innovate UK Loans Llmltod, Audlt and
Risk Cornmiltee mamber
The oblectives of the Foundatlon ar8 to:
advance educatlon and Iralnlng: and
to relieve poverty. sickness and distress In all parts of
the world in all respects for the benefit of the public In
a¢¢ordance with the law of charty in England and Wales.
In order lo deliver Ihese objectives, we aim to improve
livelihoods through the development of sustalnabl8
businesses and income generation initlalives a¢ross Africa
and Latin America. Our projects provlde buslness support
to smallhold8r produc8r groups wlth a specific locus
on empowering women and youth, and building climate
resilience in remote Communilies. We believe that strong and
w811-managed businesses create employment opportunities
and Increase the incom8 of producers and workers, resulting
In an Improvement In thelr quallty of Ille.
Shared Inlerest Foundallon Is the legal subsidiary of Shared
Interest Soclety la registered socléty with r8gislratlon number
27093RI and the organi$ations have a jolnt Theory of Change
which describes how we aim to build resilient businesses
that In tum provlde benefits to local communities. This Is
explained in mor8 detail in our social accounts available on
the webslte tli
We have referred to th6 guldanca from the Charlty
Commisslon on public benefit when roviewing our aims and
objectives and in planning our luture activities and believe
that we compty with this. A summary rèport of lh8 proj8Cts
demonstrating this is given on page 5. The principal and
registered oth'ce of the Foundation is shown on pa98 3.
Gristlna Ta￿n8
Source Sustainable Supply Chalns Ltd,
Leèk Gears Llmiled, Dlrector ol Buslnesg
Flisk Assessmgnts at the Wilberforce
Institute IUnSversity of Hulll
Mar51on Legal ServS¢0$ Llmited. Engage
Servlcos IESL) Limited
APPOINTMENT OF DIRECTORS
Th• Directors of the company who served durlng the finan¢lal
year are listed on page 3. They are appointed to the Board
by resolutlon of the member - that is, Shared Interest Soci8ty
Ltd I"SIS"}. Following elgction they receive inductlon tralning
including review of documents and policies, meeting slaff and
receiving briefing5 from k8y personnel. As permitted by the
Articles of Association, the Directors have the benefit ol an
Indemnity which is a qualifying ihlrd-party Indemnily provlslon
as defined by Seclion 234 of the Companies Act 2006. The
ndemnity was in force throughout the last financial year and
18 Currently in force.
Alchard Andorson
Melissa Duncan
Fa￿rade International, Executlve Director
Tallulah Love Limited, Director
Bondsto01 Limited, Diroclo
Paul Valgntin
Nono
Jamie Miller
Chair, Board of Governors Sidcol School,
Partnar Konsortlum LLC and Kon80rt1um
Partners LLP
OTHER EXTERNAL APPOINTMENTS
Below are shown the exteinal direGtorships/trusteeships
of the members of the Board of Directors and Senior
Management Team. All below are Director5 of Shared Interest
Society Limited. Tim Morgan is the Company Secretary of the
Foundation l)ut is not a director. Kerrey Bak8r and Jo Pow811
are also onty directors of the Society but not the Foundation.
Kerrey 88ker'
Jo Powell.
Mlllin Trust
None
' Member of Sanior Management Tearn, FoundalbTh Board and Soci&ly Board
Member of Munagemenl Toam and Sotixety Board
Shared Inieresl Foundation Trustees, Fleport and Financial Statements foi the year ended 30 September 2024
page 4

TRUSTEES, REPORT
CORPORATE GOVERNANCE
organisation whlch deslgns management dev8lopm8nt
programmes in the agricutture and lood industry. In Latin
Amerfca we are working wllh a Peiuvian based consultant
with extensive experience of supporting co-operatives.
Two "Bees for 8uslness" projects were Inltlated in Uganda.
supporting coffee farmers in diversifying into beekeeping. The
Kabwohe project. launched in February 2024, assists 210
coffee fanners, while the Rwenzori project. launched in March
2024. supports 141 farmers. Both projects provide trainlng in
beekeeping and honey haNesting skills. as well as equipment
such as modern b8ehSves. In Ihe Kabwohe project, farmers
also received tralning In agroforestry skllls and agroforeslry
trees to increase climate resilience.
In Peru in July 2024 we launched a 12-month project
"Improvlng th8 rèsili8nc8 of young coflee farmers through
the productlon and sale of dehydrated coffee pulp" whlch Is
helping 58 young coffee farmers produce and sell dehydrated
coffee pulp. Thls project Includes establishlng a qualty
control centre al CACVI la local coffee co-operatlve} and
building their capacity for independent exporting.
August 2024 saw the start of a Sollless Farmlng proS6ct Sn
Burkina Fago. $UPPOrting 75 economically vulnerabl8 women
wlth dlsabllltles In sustalnable, organlc vegetable productlon
using modern farming methods.
An Innovatlve 18-month project whlch commenced in August
2024. entltled "Improvlng cocoa production in Ivory Coast
through blological control of pests and dlseases" began
in Ivory Coast, developln9 a c05t-8ffeclive blopesticld8 to
protect cocoa Irees from pesls and dlseasas. This projéct.
In partnershlp wlth Féllx Houphouet-Boigny University and
the Ivorlan Falr Trad8 Nehvork RICE, wlll traln 200 farmers
from four cocoa co-operatives In post identlficatlon and
blopestlclde applicatlon.
In November 2023, we produc8d the énd of project
evaluatlons for three projects: Growlng Falror Futures Rwanda
(Expansion), Solar Panel prO1￿t 8UPPQrtlng our Bees for
Busin8ss project in Burkina Faso and the Passlon fruit project
In Uganda. As these prolects were dellvered In the prevlous
flnanclal year you can read more about them In Ihe 22123
Trusleés Rèport.
Two further projects concluded in tho year. In Rwanda, a two-
year project strengthened 625 coff88 farmers, reslllence to
clSmate change through training in good agricuttural practice8.
organlc compost making, and climate-smart agrlculture. It
also establlshed two nurserles for coll88 seadllng productlon.
In Uganda. a one-year agroforestry project supported 300
coffee farmers, provlding trainin9 in eco-friendly farming
practlces and dlstrlbutlng 12.000 ¢offee seedllngs and 4,300
agrolorestry Irees.
These diverse project8 demonslrate Shared Interest
Foundation's commitment to sustainable agriculture and
Improv8d livélihoods across Afrlca and Latin America.
Through partnershlps wlth local organisations and innovative
approaches, we continue to make p081tive Impacls In the
Ilvas of farmers and artisans.
As noted above. th8 Board of Shared Interest Foundation has
a large overlap wlth that of thé m8mb8r organisatlon, Shared
Interest Society. Due to this fact a number of the commlttees
of the Society Board are common to both organisations -
notably the Audlt, Nomlnatlon and Remuneration commltteas.
The statutory accounts of the Society contain a detailed
report of these cornmittee5 and this has not been replicat8d
here but Is availabb In those accounts from the Publications
section of the website
Alongside those there is also
a report assessing compliance wlth tho Charlty Corporate
Govemance Code and this simi￿rY applies to the Boards of
both organisations.
REVIEW OF THE YEAR AND FUTURE
DEVELOPMENTS
The Foundation works with a joint mission with Shared
Interèst Society to provide financial services and business
support to mak6 livellhoods and living standards béttèr for
people as they trade their way out of poverty. The Soclety
is a social lender and the Foundation und8rtakes a range
of actlvltles, all focused on th8 end goal of supportlng and
developlng producer organlsatlons. We prSmarlly support
businesses wlthln the fair-trade movement. 8eeking to en8ure
Ihat our actlvlty leads to both financlal and soclal beneflts
withln communitles. The outcomes of the projects delalled
below demonstrate that we have contlnued to dellver on
on8 of our key alms, to support mor8 resS118nt busln8SSéS
providing both a social and a flnanclal return In theSr local
communlties. Further detall of our Impact is contained in
our lolnt soclal accounts avallable from tho webslte (see Ilnk
above).
This year, Shared Interest Foundation w¢Yked on 14 prolecls
focused on improvlng the livelihoods of farmers and
artisans through enterprlse dev8lopm?nt. women and youth
empowerment. and bullding climate resilience. Three were
brought fotward from last year and 11 are new.
Two existing prolects continued In the year. The SEED
Prolecl: Sustalnable Empow8mient through Ent8rprisè
Development (Brlan's Legacy), launched In September
2023, is an 18-month initiative supportlng 200 female
groundnut farmers in westèm Uganda. It aims to enhance
thelr productlon capabllltles and add value to crops by
processing them Into products Ilke p&anut bLtttar, boosting
incom8 and strengthening household r85ili8nce. The Growing
Falrer Futures Ivory Coast project, now In St5 fourth year, Is a
partnershlp with cocoa co-operatlve CAYAT and conllnues
to support 50 young famiers in 85tablishing new cocoa fam18
or expandlng exlsting ones. These farrn8r5 receive on90ing
support wilh farm maintenance actSvSties, IncludSng fertSllsor
provision and additional labour for weeding and harvesting.
Seven new wolects were launched thls year.
In Burkina Faso, we extended "Improving livelihoods through
agro-processlng" to support a total of 90 female sh8a
nut collectors, providing training and equipmenl for shea
butter production. The extension. funded by Evan Comish
Foundatlon. began In March 2024.
A 12-month project entitled "Increasing the profitabll
and sustainability of producer group5 through Technical
Assistance" was launched In February 2024, focusing
on building capacity for 21 co-operatives and producer
gTOUPS across Africa and Latin America. This project aims
to strenglhen thelr govemance slructures, managem8nt
systems, and financlal capacity. To deliver the tralnlng
in Africa we have partnered with COLEAD, a Belgian
Shared Interest Foundation - Trustees, Report and Flnanclal Statements for the year ended 30 September 2024
page 5

TRUSTEES, REPORT
LIVELIHOOD SECURrrY FUND
net of amounts designated for specrfi¢ projects, ￿presents
about 6.5 months of forecast unrestricted expenditure, which
is appropriate in th8 current very challenging operatlonal and
funding environment.
Based on the financial position at the 30th September and the
Business Plan for the 2024125 year and beyond, the Trusteès
believe that Shared Interest Foundation is a going concern
and Ihese financial statements have been prepared on that
basis.
The Livelihood SecLtrity Fund was relaunched in 2020 to
raisé restricted funds to help produc8rs in Africa and Lalin
America who are severely impacted by events outside of their
control. A restricted fund sum of £7,80612023: £7,806} and a
deslgnated fund sum of £12,11212023.' £12.1121 was held in
this fund at the financial year-end. This fund is héld ready to
deploy in appropriate emergencie5 and with no claims on it in
the past year, has not charvJed in value.
RESTRICTED INCOME FUNDS
STATEMENT OF TRUSTEES,
RESPONSIBILITIES
We acknowledge tha receipt of restricted funds totalling
£172k12023: £143kl in our financlal statements and det&ls
are provided at notes 2 and 3. We are grateful to all the
donors who have supported our work In the past year.
The Trust88s (who are also directors of Shared Inte￿$1
Foundation for the purposes of company lawl are responsibl8
for proparing the Trustees, Annual Report and the financial
stat8ments in accordance wlth applicable law and
r8gulations.
Company law requiY8S the Trust88S to prepare financlal
statements for each financial year. Under that law the
Trustees have prepared the financial statements in
accordance with Unlted Kingdom Generally Accepted
A¢¢ountlng Pra¢tlce (United Kingdom Accounting Standards
and applicable lawl. Under cornpany law the Truyte8s
must not approva the flnan¢S8l statemgnts unless they arè
satisfied thal they give a true and fair vi8w of the slate of
the affairs of the charllable Company and of the incoming
resources and applicatlon of resources, Includlng th8 income
and expenditure, of Ihe charitable company for that period.
In preparing these financial statemenls. the Truslees are
requlred to..
select sultable accountlng polici8s and th8n apply them
conslstently.,
observe the methods and principles in the Charities
SORP.,
make judgments and estimates that are reasonable and
prudent:
state whether applicabl8 UK Accountlng Slandards
have begn followed. subject to any material departures
disc1058d and éxplained in the financial slatemenls: and
prepare th8 financlal statements on the 90ing concern
basis unless it is Inappropriate to presume that the
charitable company wlll contlnue in business.
The Trustees are responslble for keeplng adequate
accountlng records that are sufficient to show and éxplain
the charitable company's transactions and disclose with
reasonable accuracy at any tlme the linanclal position of
the charitable company and 8nabl8 them to ensure that the
flnancial gtatements comply with the Companies Act 2006.
They are also responslble for safeguarding the assets of the
charitable company and hence for taking reasonable sleps for
the prevention and d8t&ction of fraud and other Irregularities.
Th8 Trustees are responsible for the malntenanc8 and
integrlty of lh8 ¢harltable Company's website. Legislation
in the United Kingdom goveming thg preparatlon and
dlssemlnatlon of financlal statements may differ from
legislation In other jurisdictlons.
UNRESTRICTED INCOME FUNDS
Unrestrfcted incom8 for the year was £350k, down from
£393k In the previous year. but £73k higher than our budget
for the year. Much of this funding is provided by donations
and legacies from member5 of th& Shar8d Interest Society,
for which the Twstees are very grateful. A number of tho
sums donated again came from accounls Whe￿ we are
aware, sadly, that the member of Shared Int8rest Society has
died. We would Ilke to extend our dgopgst sympathy to the
families in question and assure you that we wlll seek to do
the very bèst lo honour your r&lativ& by putting their generous
donatbn to good use In the Foundation.
The Foundallon contlnues to hold a number of legacy
nominations from the members of Ihe Society and the
Truste85 of the Foundation are thankful to Soclety members
who have Indicated that they Intend to support the charity by
leaving a legacy in this manner.
Divèrsfying unrestricted income sources has contlnued to
be chall8nglng and we continue to seek new avenues to
grow our Income, recognising that we cannot only rely on
donations from Society, members.
Fundraising costs in the financlal statements represent
proportion of staff time, small fe8S to sites such as JustGlvlng
and, when thèse occur Inll Ihls yearl. som& small costs of
fund-raising events. We are grateful to all those who support
our work, individuals. trusts and grant making bodies.
Management costs as a pèrcentage of charitable expenditure
were 23.3%12023: 31.6%); wlth the decrease as a result
of simllar management costs year-on-year against mu¢h
higher expenditure on Charitable activltles of E464,48312023'.
£336.143}.
Fundralslng costs as a percentage of Income wérè slightly
higher at 3.4%12023-2.8%1.
RISK ASSESSMENT
The Trustees consider thal the maln rlsks laclng the charity
are as below. A Va￿elY of tools, Systems and procedures ara
used to mitigate these risks where possible.
Dependence on key personnel, absence, loss or failure to
recruit:
2. Major incident during staff travel- and
3. Political Instability creating operational and/or security
Issues ovarseas, impactlng income and/or staff safety:
RESERVES AND GOING CONCERN STATUS
The Trustees have agreed that the reserves policy should
be to keep, normally, Ihe equivalent of three to six months
unreslricted expenditure as free reseNes to cover périods
of uneven Income or unexpected Income shortfalls. The
balance on the Unrestricted income fund at Ihe year-end,
Shared Interest Foundation Trustees. Report and Financial Siatemenls lor the year ended 30 September 2024
page 6

STATEMENT OF DISCLOSURE OF
INFORMATION TO THE AUDITORS
The Trustees who were in office on the date of approval ol
these financial statements have conflmed. as far as they aré
aware. that there is no relevant audit information of which the
auditors a￿ unaware. Each of the Trustees have confirmed
that they have taken all Ihe steps thal they ought to have
taken as Trustees in order to make themselves aware of any
relevant audlt Information and to establish that it has been
communicated to the auditors.
INDEPENDENT AUDITORS
The charlty only has one member. Shared Inter8St Society,
and there Ss a hlgh degree of overlap b8tween the Boards
of both organisatlons. The charity does not therefore hold
an Annual General Meeting but the 8oard of the Soclely wlll
re-appolnt Armstrong Watson as auditors for the year which
began on 1 Oct 2024.
Slgned on behalf of th• Board
Y Qale
Chalr of Tru•to•#
18 D•c•mbor 2024
Shared Interest Foundation Trustees, Report and Financial Statements for the year ended 30 September 2024
page 7

INDEPENDENT AUDITORS, REPORT
TO THE MEMBERS OF SHARED INTEREST FOUNDATION
REPORT ON THE AUDIT OF THE
FINANCIAL STATEMENTS
Oplnlon
We have audited the financlal stat8m8nts of Shared Interest
Foundation (the 'charitable company'l for Ihe year ended 30
S8Ptefflber 2024 which comprise the Statement of Financial
Activities. the Balance Sheet, and the related notes, including
a Summary of significant accounting poll¢ies. The financial
reporting framework that has been applled in their preparation
is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 'The Financial
Reporting Standard applicable in the UK and Republic of
Ireland, (United Klngdom Generally Accepted Accounting
Practice).
In our opinlon the flnanclal statements..
glve a true and talr view of the State of the charltable
company's affalrs as at 30 September 2024 and its
incoming resources and application of reSoU￿aS,
Includlng Its Income and 8xpendlturè for the year then
endgd.,
have been properly prepared in accordance wlth un￿t&d
Kingdom Generally Accepted Accountlng Practlce,. and
have been prepared in accordance with the requir8menls
of the Companies Act 2006.
Basls for op5nlon
We conducted our audit in accordance with Int&rnational
Standards on Auditing IUKI IISAS IUKII and applicabl8
law. Our responsibilities under those standards are further
des¢ribod in the Audltor'8 responsibilities lor the audit
of the financial statémènts seclion of our report. We are
Independent of the charllable company In accordance wlth
the ethical requirements that are relevant to our audit ol the
financial stat8ments In the United Kingdom, including the
Flnanclal Reporting Councll's Ethlcal Standard, and we have
fulfilled our other ethical responsibilitles In accordance with
th6se requlrements. We believe that the audit evidence w•
have oblalned Is sufflcienl and appropriate lo provlde a basis
for our opinion.
Conclusions relatlng to going concern
In audlting the flnancial statements, we have concluded that
the Trustèos, use of the going concern basis ol accounting in
the preparat4on ol the ftnancial statements is appropriate.
Based on Ihe work we have performed. wè have not identified
any material uncertainties relaling to 8V8nts or condlllons
that, individually or collectively, may Cast significant doubt
on the charitable company'5 ability to continue as a going
concem for a period of al least twelve months from when the
rinanclal statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees
with respect to going concern are described in the relevant
sections of this report.
Other Infomiatlon
The other information comprises the Information included in
the Trustees, Report other than the financial slatemenls and
OUT Auditor s Report Ihereon. The Trustees are responsible lor
the other inlormation contained within the Truslees, Report.
Our opinion on the fi'nancial slalements does not cover
the other Infomiation and, except to the extent othèrwis8
explicitly staled in our report, we do not express any form of
a8suran¢e Conclusion thereon. Our responslbility is lo read
the other information and, In doing so. conslder whether the
other information is materially inconsistent wilh the financial
statements or our knowledge obtained in the course of the
audit. or otherwise appears to b8 malerially misstated. If w•
identify such material Inconsistencies or apparent material
misstatements, we are required to determine whether
this gives rise to a material mlsstatement in the financial
Statements themselves.11, based on the work we have
performed, we conclude that there is a material misstatement
of this other Information, we are requlred lo report that fact.
We have nothlng to report In thi8 regard.
Oplnion on other matters prescribed by the
Companies Act 2006
In our opinion, based on the work undertaken in the course of
the audit..
the information given in tha Trustees, Report for the
financial year for which the financial stal8m8nts are
prepared is conslslent with the linanclal statements.
the Trustees, Aeport has boen prepared In accordance
with appll¢able legal requlrements
Matters on whlch we are required to report by
exceptlon
In the light of our knowledge and understanding of the
charitable company and its 8nvironmenl obtained in
the course of the audit, We have not Identlfled materlal
misstatements in the Trustees, Report.
We have nothing to report in r&specl of the followlng matt&rs
In relation to whlch Companies Acl 21))6 requires us to report
to you if, In our opinlon:
lh& charitable company has Dot kept adéquatè and
$uffi¢ient accounting récords, or rèturns adequate for our
audit have not been received from tsranch￿ not vlslled
by us; or
the charltable company financial statements are not In
agreement with the accounting records and returns: or
certain disclosures of Trustees, rernunerallon specified
by law ar8 not made., or
we have not received all th8 information and explanations
w8 requlre for our audlt., or
the Truste8s' were not anlitl8d to prepare the financial
statements In accordance with the small companies
regime and take advantage of Ihe small companies,
exemptlons In prepgrlng the Trustees. Report and from
the requirement to prepare a Strategic Report.
Responsibilities of trustees
As explained more fully in the Trustees. Flesponslbiliti85
statement set out on on page 7, the Trustees (who ar• also
the directors of the charitable company for the purposes
of company lawl are responsible for the preparation of the
financial stat8menls and for being satlsfied that they give
a true and fair view, and for such intemal control as the
Trustees determine is necessary lo enable the preparation of
financlal statements that are free from malerlal mlsslatement.
whether due to fraud or error.
In preparing the linancial statements, the Trustees are
responsible for assessing the charitable company's ability
to continue as a going concern. disclosing. as applicable,
matters related to going concern and usin9 the going concern
basis of accounting unless the Truslees either intend to
liquidate the charitable company or to Cease op8rations, or
have no realistic alternative but lo do so.
Shared Interest Foundation - Trustees, Report and Financial Statemen15 lor the year anded 30 S8Ptember 2024
page 8

INDEPENDENT AUDITORS, REPORT
Auditor* responslblllti88 for the audit of the
financial statements
Our objectives are to obtain r8asonablè assurance about
whether the financial statemenls as a whole are fr89 from
materSal mlsstatement, whether due to fraud or error, and
to issue an Auditor's Report that includes our opinion.
Reasonable assurance is a high level of assurance, but Is
not a guarantee that an audit conducted in accordance with
ISAS (UK) will always detect a material misstatement when it
exists. Misstatements can arlse from fraud or e￿Or and ar8
considered material if, individually or in the aggregale, they
could reasonably be expected lo influénce the economlc
decisions of users taken on the basis of these financlal
statements.
in accordance wSlh audltlng standards. For example. as with
any audlt. there remained a hlgher rlsk of non-detection
of irregularitles, as thése may involve collusion, forgery,
intentional omissions, misrepresentalions. or the override of
Internal controls. We are not responsible for preventlng fraud
or non-compliance wilh laws and regulations and cannot be
expected to delect all fraud and non-compliance with laws
and regulations.
A further description of our responsibilities for the audit of
the financial statements is located on the Financial Reporting
Council's websile at-. www.frc.org.ukJaudittysresponsibilities.
This description forms part of our Audltor's Report.
Use of our report
This rèport is made solely to the charitable company's
members, as a body, in accordance with Chapter 3 of
Part 16 of the Companles Act 21x16. Our audit work has
been undertaken so that we might slate to the Charilabl
company's members thosè matters wè are required to state
to them In an Auditor's Report and for no othèr purpose,
To tha fullest extent permitted by law, we do not accept or
assume responsiblllty to anyone other than th8 charitable
company and Its members, as a body, for our audbt woth, for
thls report, or for the oplnlons we have fomied.
Irregularities, includlng fraud, are instances of non-
compllance wlth laws and r8gulalions. We design procedure8
in line with our responsibllltles. outlln6d above, to dètect
material misstatemènts Sn respect of irregularllles, In¢ludlng
fraud. The extenl to whlch our procedures are capable of
detecting irregularltles, Includlng fraud Is dètailed bèlow..
Our approach to Idontlfylng and a5S8ssing the rigks ol
material misstatement in respect of Srregularities, in¢luding
fraud and non￿oMplI8nce wllh laws and regulatlons. was as
follows:
the engagement partner ensured that Ihe 8ngag8ment
team collectlvely had the appropriate competence,
capabililies and skllls lo identify or recognlse non-
compllance wlth appllcable laws and r8gulatlons and In
particular. adhérence to th8 Charities Act,.
we identified the laws and regulations applicable to the
charitabl8 company through d18cussions wlth Trustees
and olher management and r8vlew of approprlata
Industry knowledge.,
we assessed the extent of ¢ompliancg with the laws and
regulallons Idenllfied al)ove Ihrough maklng enquiri98 of
management; and
identified laws and regulations wore communlcated
wlthln the audlt team regularly and tho team remalned
alert to instances of non-compliance throughout the
audit.
We assessed the susceptSbility of the charitable company
flnanclal statements to materlal mlsstatement, Includlng
obtaining an understanding of how fraud might occur. by:
maklng enqulries of management as to where thay
consldered there was susc8Ptibillty to fraud. théir
knowledge of actual, suspected and alleged fraud: and
¢onslderlng the Intemal controls In place to mltigate rlsks
of fraud and non-compllance wilh laws and regulations.
To address the rlsk of fraud through manag8m8nt bias and
override of controls. we..
p8rfonned analytical wocedure8 as 8 risk assessment
tool to Identlfy any unusual or unéxpècted relatlonships.,
Slmon Turner {Senlor statutory auditor)
Arn18trong W8t8on Audlt Llmltsd
Chartered Accountants
Statutory Audltors
Newcastlo upon Tyne
Date: U)ecember 2024
tested journal entrles to id8ntify unusual transactions.
In résponse to th8 risk of irregularitl8$ and non-¢ompllance
with laws and regulations. we designèd procèdures which
included, but were not limited to..
agreelng flnancial statement disclosures to underfylng
supporting documentation: and
enquiring of management as to actual and potential
litigation and claims.
Due to the inherent limitations of an audit, there Is an
unavoidable rlsk that we may not have detected some
material misstatements in the financial statements, even
though we have properly planned and perfomied our audlt
Shared Interest Foundation - Trustees, Report and Financlal Statements for Ihe year ended 30 September 2024
page 9

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Note Unrestricted funds Restricted funds
Total
funds
Total
funds
2024
2024
2024
2023
Income Irom:
Donations and legacies
Charitabl& activities
334,660
334,660
172,414
15,821
387.672
172,414
142,451
5.869
Investmént incorne
15.821
Total Ineom•
350.481
172,414
522095
535,992
Expendlture on:
Ralslng funds
Chariiable actlvlties
17,680
255,018
17.680
14,939
336,143
209,465
Total oxpondltur•
272,698
209,465
482,163
351,082
Not Income I (eX￿ndItUr•I
beforo tran81er8
77,783
137,0511
40,732
184,910
Transfers between funds
Not Income I I•xpondltur•)
77,783
{37,0511
40,732
184,910
Net movemont In lund8
77,783
137,051}
40,732
184,910
Roconcillation of funds:
Total funds at 1 October
417,471
127,558
90,507
545,029
585,761
360,119
545,029
Total fundg 81 30 Soptsmber
495,254
All activities relate to continulng operations.
The notes on pages 13 to 20 form part of these financial statements.
Shared Inlerest Fo(Jndalion Trustees, Rèport and Financial Slalemenls lor the year ended 30 September 2024
pag8 10

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Prevlous Flnanclal Year
Unrestricted funds Restricted funds
Total
funds
2023
2023
2023
Incom• fn)m:
Donation8 and legacies
Charitable activities
387.202
470
387,672
142,451
6069
142,451
Investment incom9
5,869
Total Incom•
393,071
142.921
535,992
Expendlture on:
Raising funds
Charltablo actlvltl&s
14,939
216,921
14,939
&36,143
119,222
Tolal expondlturo
231,860
119,222
351,082
N•1 Incom•l(•xpondlturnl b•for• tran8f•rn
161,211
23,699
184,910
Transfers bètwegn funds
Net Incomel(expendltur•l
161,211
23.699
184,910
Not movemwt In fund8
161,211
29.826
184910
R•conclllatlon of funds:
Total funds at 1 October
256.280
417.471
103,859
127,558
380.119
544029
Total funds at 30 September
Shared Interest Foundatlon - Trnstees. Report and Financial Statements for the year ended 30 September 2024
page 11

BALANCE SHEET
AT 30 SEPTEMBER 2024
Note
2024
2023
Current a88e18
Debtors and prepayments
Cash at bank and In hand
11
5,247
211,887
2,877
12
195,876
Deposlts wlth cr8dlt Instltutlons
13
384,746
369.076
T¢)tal curr•nt a88•ts
601,880
567,829
Credltor•: amountB falllng due wlthln ono y•ar
14
116,119
122,800)
Net curr•nt asse18
$85,761
545,029
Not a88els
585,761
545,029
Charlty fund8
Restricted fund$
Unre8trlcted deslgnaled funds
Unrestrlcted funds
15. 16. 17
15. 17
15. 17
90,507
387,264
107,990
127,558
322,153
95,318
Total lunds
585,761
545,029
These financial statèments have been prepared in accordance with the provlsions applicable to Gompanies subject lo the
small companles, regime and In accordancé wlth the provlsions of FRS 102 Sèction 1A- small entitles.
The financial statements were approved and authorised lor issue by the Board on 18 December 2024.
Signed on behall of the Board of Trustees
Y. Gale
Chalr of Trusl••g
The notes on pages 13 to 20 form part ol those flnancial statement8.
Company registration number.. 4833073
Shared Inlerest Foundation - Trustees, Fleport and Financial Statements lor the year ended 30 September 2024
page 12

NOTES TO THE FINANCIAL STATEMENTS
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(1.1) Basis of preparation of financial
statements
Th& financial statements have been prepared in accordanc
wlth Accounting and R8POrting by Charities.. Statement of
Recommended Practice appllcable to charities preparing
their financial stat&ments In a¢cordance wilh Ihe Flnancial
Reporting Standard applicable in the UK and Republic of
Iraland IFRS 1021 leffoctive l January 20151- (Charities SORP
IFRS 10211, the Financial R8POrting Standard appllcable Sn
the UK and Republic of Ireland {FRS 1021 and the Companies
Act 2006. The linanclal slat8m8nts are prepared In 8terling
which is the functional currency of tho charity and rounded
to the nearest £1. The financial Statements are prepared on a
going concern basls as the charity has suffici8nt funding and
activity to take it through 2025.
Shared Interest Foundatlon moets Ihe definltion of a publlc
benefit entity under FRS 102. Assets and Ilabllltlès are Initially
recogniséd at historical cost or transaction value unless
otherwise statad In tho relevant accounting policy.
{1.21 Company status
The company is limited by guarantee and has no shar
capital. In th8 event of a windlng up every member
undertakes to contrlbute such amount 8s may be requlred
not exceedlng the total of £1. There was one member at 30
S8ptember 2024. Shared Interest Soclely Ltd.
(1.3) Fund accounting
Restrlcted funds ar8 funds whl¢h are to be used In
accordancè with speclfic restrlctlons Imposed by donors
or which have been raised by Ihe company for particular
purposes. The cost8 of ralslng and admlnlsterlng such funds
are charged agalnst the speclfic fund. The aim and use ol
each restricted fund is set oul Sn the notes lo th8 financial
statemènts. Invéstment Income, galns and losses are
allocated to the appropriate lund.
(1.4) Income
All income is recognised once the company has èntitlement
to the Income. it is probable that the Income will b8 received
and the amount ol income receSvable can be m&asuTed
r81iably.
For legacieg, entitlement is laken as Ihe earfier of th8 dat8 on
which either: the company Is aware that probate has been
granted, the estate has been finalised and notilication ha8
been made by the executorls) lo tho Trust Ihat a dlslrlbution
will be made, or when a distrlbutlon is received from the
eslate. Re¢elpt ot a legacy. in whole or in part, is onty
considered probable when the amount can be measured
reliably and the company has been notlfied of Ihe executor's
intention to make a distribution. Where18gacie8 have been
notilied to the company, or Ihe company is aware of th8
granting of probate. and the criteria for income recognltlon
have not been mèl, thén th8 legacy is treated as a contingent
asset and disclosed if material.
Charltable exwnditure includes those costs incurred by the
Charity in Ihe delSvery of Its actlvlties and Se￿ICe5 for its
beneficiaries. It includes costs that can be allocatad directty
to such actsvlties and those costs of an indirect nature
necessary to support them.
Governance costs include those costs associaled wlth
meeting tha constitutional and statutory requirements of the
Charity and include the audit fees and costs linked to the
strai8gtc managem8nt of the Charlty.
(1.61 Interest recelvable
Inleresl on fvnds h81d on deposit18 Included when recelvable
and the amount can be measured reliably by the company:
this is normally upon notification of the inlerest paid or
payable by the bank.
(1.7) Debtors
Trade and other d&btors are recognlsed at the settlement
amount after any trade discount offered. Prepayments are
valued at th& amount répaid net of any trade discounts du8.
(1.8) Cash at bank and In hand
Cash at bank and Sn hand includes cash and short-term h￿hlY
liquid investments wlth a short maturlty ol thré8 month8 or
less from thé daté of a¢qulsltlon or openlng of the dapos6t or
simllar account.
(1.9) Credltor8 and provlslons
Creditors and provlsSons are r8cognl8ed where the company
has a present obllgatSon resultlng from a past event that wlll
probably result In the transfer ol funds to a third party and
the amount due to settle the obllgatlon can be measured
or e8tlmat8d rellably. Credltors and provlsions are normally
recognised at thelr settlement amounl after allowing for any
trade dI￿OUnt$ due.
(1.10) Flnanclal instruments
Th& company only has fSnanclal assets and flnanclal Ilabllllles
of a kind that qualify as basic financlal Instrumanls. Basi
flnancial instruments are initially racognlsed al transactlon
value and subsequ8ntly measured at their settlement value
with the exceptlon of bank loans which are subsequently
measured at amortisgd cosl uslng the effective Interest
method.
(1.11) Cash flow statement
The Company has taken advantage of the exemptlon In FRS
102 from the requlrement to prepare a cash flow statement
on the grounds that tl 18 a small company.
(1.121 Foreign currency transactlons
Monelary assets and liabilities denominated in lor8ign
currencies are stated In the balance sheet at the equlvalent
value in sterling at the exchang& rate prevailing at the balance
sheet date. Transactiong during the year denominated in
forelgn currenciès ar8 Stated at their equivalent value In
sterling at the exchange rale prevailing at the date of the
transaction.
(1.5) Expenditure
Expenditure is recognised when there is a legal or
constructive obligation to make payment lo a thlrd party, It Is
probabb that sett16m6nt will be required and the amount of
the obligation can be measured reliably.
All expenditure is accounted for on an a¢cruals basls and
include attrlbulable VAT which cannot b8 recovered. All
expenses including support costs and gov8manc8 Costs are
allocated to the applicable expenditure headings.
Shared Interest Foundation - Trustees, Report and Financial Statements for Ihe year ended 30 September 2024
(1.13) Pensions
Employees of the Foundation are entitled to membership of
the Shared Interest Group Personal Pension Plan. This is a
defined contribution scheme with 9% ol salary payable by the
Charfty and charged to the Income and Expenditure Account
In Ihe year relating to the salary cost.
page 13

NOTES TO THE FINANCIAL STATEMENTS
2. INCOME FROM DONATIONS AND LEGACIES
Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2024
2024
2024
2023
Individuals
330,423
330,423
383,293
Trusts and corporate
4,237
4.237
4,379
334,660
334,660
387,672
In 2023, of the total Incom8 from donatlons and legacles, £387,202 related to unrestricted lunds and £470 relaled lo restrlcted
funds.
3. INCOME FROM CHARITABLE ACTIVITIES
Unrestricted Restricted
Total
Total
funds
fLnds
fund8
funds
2024
2024
2024
2023
Anonymous- Bees lor 8uslness Rwenzori
Brian Taylor Fund - Brian'8 Legacy SEED Project
EA Foundation - Sollloss Farming Burklna Fa80
Evan Comlsh Foundallon - The Shea Project
Fltzer Lacy Trust - Bees for 8uslness Kabwohe
Gvemsey Overseas Ald & D8velopm8nt - Seed to Stall IGOAI
40,000
40.000
120,¢)00
36,940
36,940
10,485
80,0110
4,989
172,414
10,485
80,000
4,989
22,451
142,451
172,414
In 2023. of the total Income Irom charllabl8 actlvltles, £142,451 r81at8d to r88trlcted funds.
4. INVESTMENT INCOME
Unrestricted
Restrlcted
Total
Total
funds
funds
fund8
funds
2024
2024
2024
2023
Interest received
1S,821
15,821
15,821
15,821
5,869
5,869
In 2023, of the total investment income, £5,869 related to unrestricted funds.
Shared Interest Foundation ~ Trustees, Report and Financial Statements for the year ended 30 September 2024
page 14

NOTES TO THE FINANCIAL STATEMENTS
5. ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES
Activities Grant funding
undertaken directly ol aclivitie5
2024
2024
Support
costs
Total
Total
2024
2023
2024
Agroforestry Project
8.088
2,454
10
28,241
Bees for Business Kabwohe
368
63,240
20,286
83094
Baes for Business Rwanzorl
24.384
22,986
14,988
62,368
Biopesticide Project
20.086
6.102
26.188
Brian's Légacy SEED Proj8Ct
3,263
86.515
28,465
118,243
25.943
Dehydrated Coffee Pulp
29,645
9.357
39,002
Environmental Protection and Biodlvarslty
18.191
Expansion of thé Youth in Coffee
970
1.056
540
2,386
21.657
Growing Falrer Futures Rwanda
5,984
Improving Coffee Production in Pew
3.419
Improvlng Llvellhoods Through Agro-processing
13,090
Increaslng the Reslllence of Coffeo Farmers
1,615
1,526
901
4042
21,754
Uv8llhood Security Fund
1.609
New prolects
9,301
2,292
11,593
10.109
Seed to Stall ECF
9,501
Seed to Stall GOA
2.066
259
565
60,978
Solll888 Farmlng Burklna Faso
2,735
18,900
6,481
28,116
Sollless Farmlng - Drlp Irrfgallon
9.280
Solar Panel Prolect
322
1.213
470
28,747
Strèngthènlng Cott88 Reslllénce Rwanda
8,453
2.533
10,986
32.552
Technlcal Asslstance Project
30.791
7,480
38,271
The Shea Project
2,833
8.270
3,344
14,447
Women in Nicaragua Oroanic Sesame Farming
10,063
Women In Soillass Farming Ghana
23,956
Youth In Cocoa Ivory Coast
1,664
5,500
2.176
11,069
146.584
209,465
108.434
336.143
Shared Interest Foundatlon - Truslees, Report and Financial Statements for the year ended 30 September 2024
page 15

NOTES TO THE FINANCIAL STATEMENTS
6. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Unr8slrl¢ted funds Restrlcted funds
Total
Total
2024
2024
2024
2023
Agroforestry Project
10,542
10,542
28.241
Be6s for Buslness Kabwohe
20,654
63,240
83,894
Bees for Buslness Rwenzori
39,372
22.986
62.358
Biopestlcide Project
26.188
26.188
Brian's Legacy SEED Project
31,728
86,515
118,243
25.943
Dehydrated Coffoe Pulp
39,002
39,002
Environmental Protèction and 8ioclversity
18.191
Expanslon of the Youth in Coffee
1,510
1,056
2,566
21,657
Growing Fairer Futures Rwanda
5,984
Improvlng Coffee Productlon In Peru
3,419
Improving Livelihood5 Through Agro-procw3sing
13,090
Increasing the Resi118nce of Coffee Farmers
2,516
1,526
4,042
21,754
Uvèlihood S8¢urlly Fund
1,609
New projects
11,593
11,593
10.109
Seed lo Stall ECF
9,501
Séed to Stall GOA
2,631
2S9
2,890
60.978
Sollle$s F8rmlng Burkina Faso
9,216
18,900
28,118
Sollles$ Farmlng - Drlp Irrlgatlon
9,280
Solar Pano1 Project
792
1,213
2,005
28,747
Strengthenlng Coffee R89llien¢e Rwanda
10.986
10,986
32.552
Technlcal As$i$tance Prolect
38,271
38,271
The Shea Project
6,177
8,270
14,447
Women In Nicaragua Organic Sesame Farmfng
10,063
Women In Soill8ss Farming Ghana
23,956
Youth in Cocoa Ivory Coast
3,840
5,500
11,069
255,018
209,465
464,483
336,143
In 2023, of total $xpenditure, £216,921 was exponditUT• from unrestrlcted funds and £119,222 was oxpènditura from restricted funds.
Shared Interest Foundation - Trustees, Report and Financial Statements lor thg year ended 30 September 2024
page 16

NOTES TO THE FINANCIAL STATEMENTS
7. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE
Staff costs
Other costs
Total
Total
2024
2024
2024
2023
Expendlture on:
Ralslng funds
14,738
2,942
17,680
14,939
Charitable actlvlllefj
Agroforestry Proj8Ct
2.335
8,207
10,542
28,241
Be88 for Bu8in888 Kabwoh8
7,313
76,581
83,894
B888 for Bu51n855 Rwenzori
6.776
55,582
62,358
Blopesllclde Proj8ct
5,705
20,483
26,188
Brlan'8 Legacy SEED Project
12.190
106,053
118,243
25,943
Dehydrated Coffae Pulp
4.490
34,512
39,002
Envlronmental Protectlon and Blodlverslty
1,417
1,149
2,566
21,657
Expansion of the Youth In Coffee
18,191
Growlng Falrer Futures Rwanda
Improvlng Coffee Production In Pew
3,419
Improvlng Llvellhoods Through Agro-processlng
13,090
InGreaslng the Reslllence of Coffee Famiers
1,492
2,550
4,042
21,754
Llvallhood Socurlty Fund
1.609
New projects
8.615
2,978
11,593
10,109
Seed to Stall ECF
9.501
Seed to Stall GOA
2.248
642
2M90
60,978
Soilless Farmlng Burklna Faso
7.175
20,941
28,118
Sollless Farmlng - Drip Irrlgatlon
9,280
Solar Panel Project
404
1,601
4005
28,747
Strengthening Coffee Resllience Rwanda
2,793
8,193
10.986
32,552
T￿hnical Assistance Project
29,717
8,554
38,271
Th8 Shea Project
3,482
10,965
14,447
Women In Nicaragua Organic Sesame Farming
10,063
W¢)men In Soil1￿ Farnlng Ghana
23,956
Youth in Cocoa Ivory Coast
2,034
98,186
7,306
366,297
11,069
336,143
112,924
369,239
482,163
351,082
Shared Interest Foundation - Trustees, Report and Financlal Statement5 for the year ended 30 September 2024
page 17

NOTES TO THE FINANCIAL STATEMENTS
8. SUPPORT COSTS
2023
Office Costs including training
Wages and salaries
Support services provided by Shared Interest Society
MaTketing costs
Governance costs
20,630
18,600
50,420
15,184
3.600
22,726
18,953
49,250
11.733
3,600
106,262
108,434
9. NET INCOME / EXPENDITURE
Th18 Is stated after char£ing:
2024
2023
Audllors, r8munoratlon (audlt servbcesl
3.600
3,600
10. STAFF COSTS
Staff costs were as follows:
2024
2023
Wages and salaries
Social securlty costs
Deflned contrlbutlon p8nslon costs
81,165
3,036
2,799
87,000
78,437
2,857
2.669
83,963
Averag8 monthty numb8r of employees (none of whom are Trusleesl during th6 year was:
2024
2023
Number
Number
Ral$lng lund8
Charitable activllles
No indivldual employee's emoluments exceeded £60,000 lor either year shown. No p8n8ion contrlbutions were payable by Ihe
Foundation in rtspect ol the Trusteeg in elther year shown.
The Trustees n8ither rec*v8d nor walved any remuneration durlng the year12023'. £NID.
11. DEBTORS AND PREPAYMENTS
2024
2023
Prepayments
Accrued Income
267
288
4,980
5,247
2.589
2,877
12. CASH AT BANK AND IN HAND
2024
2023
Cash at bank and in hand
211,887
211,887
195,876
195,876
Shared Interest Foundation Trustees, Report and Financial Statements lor the year ended 30 September 2024
page 18

NOTES TO THE FINANCIAL STATEMENTS
13. DEPOSITS WITH CREDIT INSTITUTIONS
2W
2IY23
Deposits repayable in not more than three months
Deposits repayable in not more than onè year
124,407
120,015
249,061
384,746
369,076
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Am¢)unts OW￿ to group undertakings
Accrua18
7￿69
8.750
12,310
10.490
Trade creditors
16,119
22,800
15. CHARITY FUNDS
Rèstricted Unrestricted and
Totsl
Total
funds deslgnated funds
2024
2024
furKIs
fvnds
2024
2023
Current a888t8
90,507
511,373
116,119)
495,254
801,880
(16,119)
58S,781
587,829
122,8001
545,029
Current Ilabllltle8
90,507
In 2023. of current assets £127,558 was rastrlcted and £440,271 wère unrestrlcted and deslgnaled lunds and of current
liabilities t22,8c￿ wa5 unre8trictgd and desSgnated.
16. RESTRICTED FUNDS
Restrlcted Income funds carrled lo￿ard at the end of thé flnanelal year comprlse..
2024
2023
Bees for 8uslness.' Supportlng Growth Through Solar Energy
Beas for Business Kabwohe
1,212
16.780
17.014
19,162
Bees for Buslness Rwenzorl
Brian's Legacy SEEO Prol8Ct
Expansion ol the Youth in Coff8e
Increaslng the Reslllence of Coff88 Farmers
Livelihood Security Fund
Seed to Stall GOA
105,677
1,056
2,483
7.806
{4.730)
957
7,808
Soilless Familng Burklna Faso
The Shea Project
Youth in Cocoa Ivory Coast
18.040
2,215
8,553
90,507
14,054
127,558
In 2023. the negative balance on Seed to Stall GOA repre58nled a final retention released by the funder, Guemsey Overseas Aid
& Development, at th8 énd of the project in October 2023.
Shared Interest Foundation - Trustees, Report and Financial Statements lor the year ended 30 September 2024
page 19

NOTES TO THE FINANCIAL STATEMENTS
17. MOVEMENT IN FUNDS
Balance at
1 October
2023
Income
Expenditure
Transfer
between
funds
Dèslgnatlon
Balance at
of lunds 30 September
2024
Unrestricted Income funds
Unrestrlcted deslgnated funds
Restricted Income funds
95,318
322,153
127,558
350,481
{160.8321
(111.8661
{209.4651
{482,1631
115,1461
15,146
1161,831)
161,831
107,990
387,264
90,507
585,761
172,414
522,895
545,029
In 2023 the Trustees designated a further E270,000 for a number of projects which are ongoing. Th8 Trustees have
designated a further sum of £161.831 at th6 year-end for other prolectg.
18. ULTIMATE PARENT COMPANY
The ultimate parent undertaking and controlling party ot Shared Inter8St Foundation is Shared Interesl Society Ltd {a Registered
Society in the UK. registration number IP27093RI by virtue of Shared Interesl Soclety Ltd belng the only member ol the
Foundation. The linanc4al statements of Shared Int8r8St Society Ltd are available from the reglstered office of Shared Inlerest
Foundation, as shown on page 3.
Shared Interest Fouiidation Trustees, Report and Financial Statements lor the year ended 30 September 2024
page 20