2021-03-31-accounts

Contents		Pages
REFERENCE AND ADMINISTRATIVE	INFORMATION
REPORT OF THE TRUSTEES		2-12
STATEMENT OF TRUSTEES RESPONSIBILITIES		13
INDEPENDENT AUDITOR'S REPORT		14-18
STATEMENT OF FINANCIAL ACTIVITIES		19
BALANCE SHEET		20
CASHFLOW STATEMENT		21
NOTES TO THE FINANCIAL STATEMENTS		22-30

Working Name:	Working Name:	FareShare South-West
Directors	and Trustees:
The Trustees serving		during the year and since	the year end	were as follows:
		Mr A Street	(Chair)
		Mr P Hazelden
		Mr 5Sharma	(resigned 15'" November			2020)
		Mrs ETogneri
		Mr SMarriott	(resigned 7'" October 2021)
		Ms C Ackland
		Mr M Bruce	(resigned 17'" December			2020)
		Mr P Hardwick	(appointed	25'" February		2021)
		Mr T Hogg	(appointed	25'" February		2021)
		Ms J Ingleby	(appointed	25'" February		2021)
Company	Secretary:	Alan John
Senior Management		Team:
		Julian Mines, Chief Executive Officer
		Lucy Beam, Head of Food g Logistics
		Phoebe Ruxton, Head	of Development
		Peter Clarke, Volunteer	Development		Manager
		Charlie Mason, Head ofCompliance
		Simon Jarvis, Head ofOperations
Charity Number:		1125905
Company	Number:	06130395
Registered	office:	Unit 4, Little Ann Street, StJude's, Bristol, BS29EB
Bankers:		Triodos Bank, Deanery	Road, Bristol,		BS15AS
Solicitors:		Osborne Clarke LLP, 2	Temple Back East, Temple			Quay, Bristol, BS16EG
Auditors:		Burton Sweet Limited
		The Clock Tower, 5 Farleigh Court,			Old Weston	Road, Flax Bourton,	Bristol,
		BS481UR

Unrestricted funds total			1,074,785
Less those held in designated		funds
Less those held in tangible	fixed assets		158787
Unrestricted free reserves			915,998
Less 6 months' expenditure		set aside	~622 096
Excess Funds over reserves		policy	393,902

		Unrestricted	Restricted	Total	Total
		Funds	Funds	2021	2020
	Note
income from
Donations &grants		923,645	777,967	1,701,612	571,213
Charitable activities		402,152		402,152	178,034
Other trading activities		2,306		2,306	5,132
Other income					32,184
Total income		1,328,103	777,967	2,106,070	786,563
Expenditure on
Raising funds		68,347		68,347	50,342
Charitable activities		537,952	437,892	975,844	428,589
Total expenditure		606,299	437,892	1,044,191	478,931
Net income/(expenditure)		721,804	340,075	1,061,879	307,632
Transfers between funds	14	74,814	(74,814)
Net movement in funds		796,618	265,261	1,061,879	307,632
Total funds at 1 April	14	278,167	119,512	397,679	90,047
Total funds at 31 March	14	1,074,785	384,773	1,459,558	397,679

					2021	2020
				Note		f
Fixed assets
Tangible fixed assets				10	158,787	70,677
Current assets
Debtors					145,382	91,604
Cash at bank					1,402,554	395,542
					1,547,936	487,146
Creditors: Amounts		falling
due within one		year		12	(247,165)	(160,144)
Net current assets					1,300,771	327,002
Total assets	less current		liabilities		1,459,558	397,679
Net assets					1,459,558	397,679
Funds
Restricted funds				15	384,773	119,512
Unrestricted	funds			15	1,074,785	278,167
					1,459,558	397,679

						2021	2020
					Note
Net cash	inflow from	operating		activities	19	1,132,319	343,771
Investing	activities
Purchases	of property,	plant	and	equipment		113,529	76,294
Financing	activities
Repayment	of borrowings					11,778	20,421
Net cash	inflow/(outflow)		for the year		20	1,007,012	247,056

				Unrestricted	Restricted	Total
				Funds	Funds	2021
Donations grants from:
Corporate	organisations			179,616	414,046	593,662
Charities	and trusts			403,341	141,650	544,991
Individuals				188,603		188,603
Public funding					222,271	222,271
Legacies				35,714		35,714
				807,274	777,967	1,585,241
Gifts in Kind	- donated	assets, services and facilities
Professional	services			5,000		5,000
Vans and van rental				25,503		25,503
Storage and	room rental and rates			72,168		72,168
Other goods	and equipment			13,700		13,700
				116,371		116,371
Total donations &grants				923,645	777,967	1,701,612
Prior year comparatives			-restated	Unrestricted	Restricted	Total
				Funds	Funds	2020
Donations grants from:
Corporate	organisations			25,172	160,000	185,172
Charities	and trusts			255,533	30,000	285,533
Individuals				35,108		35,108
Public funding					48,000	48,000
				315,813	238,000	553,813
Gifts in Kind	- donated	services and facilities
Professional	services			5,000		5,000
Storage and	room rental			12,400		12,400
				17,400		17,400
Total donations &grants				333,213	238,000	571,213

from WRAP and f139,0	11(2020:f48,000)	from Big Lottery Fund.
Income from charitable	activities
		Unrestricted	Restricted	Total	Total
		Funds	Funds	2021	2020
		f		f	f
Membership		402,152		402,152	178,034
		402,152		402,152	178,034

					Unrestricted	Restricted	Total	Total
					Fundsf	Funds f	2021f	2020
	Warehouse	rental						833
	Sale of items				1,250		1,250	157
	Clinical placement		tariff		1,056		1,056	4,142
					2,306		2,306	5,132
	Income from	other	trading	activities	in the prior year was unrestricted.
5	Expenditure
					Direct	Support	Governance	Total
					Costs	Costs	Costs	2021
					f		f	f
						(Note 6)	(Note 6)
	Raising funds					68,347		68,347
	Charitable activities
	Provision	ofservices			697,269	267,010	11,565	975,844
					697,269	335,357	11,565	1,044,191
	Prior year comparative				Direct	Support	Governance	Total
					Costs	Costs	Costs	2020
					f		f	f
						(Note 6)	(Note 6)
	Raising funds					50,342		50,342
	Charitable activities
	Provision	ofservices			253,830	172,854	1,905	428,589
					253,830	223,196	1,905	478,931
6	Support costs
						Raising	Charitable	Total
						Funds	Activitiesf	2021 f
	Staff costs					37,215	192,767	229,982
	Staff expenses						1,462	1,462
	Rent and rates and		storage				15,205	15,205
	Insurance						1,294	1,294
	Repairs and	maintenance					1,848	1,848
	Third party processing fees					7,388		7,388
	Telephone						1,926	1,926
	Printing, postage and stationery						4,847	4,847
	Staff training						2,766	2,766
	IT services						9,822	9,822
	Marketing					5,024	19,118	24,142
	Subscriptions						430	430
	Consultancy	fees				18,720	1,032	19,752
	Loan interest						311	311
	Bank charges						432	432
	Accountancy	fees					13,750	13,750
	Governance	costs
	Auditor's remuneration						11,565	11,565
						68,347	278,575	346,922

Support costs (continu	ed)
			Raising	Charitable	Total
Prior year comparative			Funds	Activitiesf	2020 f
Staff costs			27,312	124,475	151,787
Staff expenses				3,070	3,070
Rent and rates and storage				12,535	12,535
Insurance				881	881
Repairs and maintenance				772	772
Third party processing fees			5,135		5,135
Telephone				1,347	1,347
Printing, postage and stationery				4,667	4,667
Staff training				1,395	1,395
IT services				2,693	2,693
Marketing			317	10,899	11,216
Subscriptions				884	884
Consultancy fees			17,578		17,578
Loan interest				1,463	1,463
Bank charges				626	626
Accountancy fees				7,147	7,147
Governance costs
Independent examination		fees		1,905	1,905
			50,342	174,759	225,101
Net income for the year
This is stated after charging:				2021f	2020 f
Independent examiner's	fees				2,310
Prior year (over)/ under accrual					(405)
Auditor's remuneration				11,565
Trustees' remuneration
Payment oftrustees' expenses
Staff costs and numbers
The aggregate staff costs were:				2021f	2020 f
Wages and salaries				443,408	256,877
Social security costs				33,735	20,135
Pension contributions				13,396	8,688
				490,539	285,700

were in	excess off60,000 fall within the bands as follo	ws:
		Total	Total
		2021	2020
f60,000	- f69,999	1

2021	2020
No.	No.
19	10

Tangible fixed assets
	Plant &	Motor	Leasehold	Computer
	Machinery	Vehicles	Improvements	Equipment	Total
	F
Cost
At 1 April 2020 - restated	45,629	24,512	6,420	7,914	84,475
Additions Disposals At 31 March 2021	38,956 ~1,831 82,754	31,748 56,260	8,226 14,646	34,599 42,513	113,529 1,831 196,173
Depreciation
At 1 April 2020 - restated	10,284	2,553		961	13,798
Charge for the year Elimination on disposal At 31 March 2021	4,567 ~1,831 13,020	10,675 13,228	315 315	9,862 10,823	25,419 1,831 37,386
Net book value
At 31 March 2021	69,734	43,032	14,331	31,690	158,787
At 31 March 2020 - restated	35,345	21,959	6,420	6,953	70,677

Debtors
	2021	2020
Trade debtors	65,059	60,000
Other debtors	8,560	23,683
Pre payments	41,869	3,452
VAT	29,894	4,469
	145,382	91,604

Creditors: amounts f	alling due within one year
		2021	2020
			f
Loans			11,778
Trade creditors		96,324	7,161
Other creditors		4,336	532
Taxation and social security		10,529	5,796
Accruals and deferred	income	135,976	134,877
		247,165	160,144

At 31 March the Charity had to	tal commi	tments under	non-cancellabl	e operating leas	es as set out b	elow:
					2021	2020
Operating leases payable within:						(Restated)
1 year					15,795	11,500
2 to 5years					18,910	27,792
Movement in funds
		At				At
		1 Apr				31 Mar
		2020	Income	Expenditure	Transfers	2021
Restricted funds
Community Hub (Knowle)			12,250	(12,250)
Gloucestershire Food Plan-			48,000	(18,000)		30,000
Emergency and Recovery
St John's Foundation			30,000	(7,500)		22,500
Big Lottery Fund		5,467	59,020	(60,819)		3,668
Asda Capital Fund		114,045	23,220		(40,934)	96,331
Coronavirus Support
Bristol City Council			33,735	(33,735)
National Lottery Community	Fund		79,991	(79,991)
Fareshare UK Van and Driver			51,400	(51,400)
WRAP			49,525	(27,669)	(19,620)	2,236
Devon and Cornwall
Walmart			276,000	(106,400)		169,600
Asda			114,826			60,438
Unrestricted funds
General funds		278,167	1,328,103	(606,299)	74,814	1,074,785
Total funds		397,679	2,106,070	(1,044,191)		1,459,558
Movement in funds - previous year		At				At
		1 Apr				31 Mar
		2019	Income	Expenditure	Transfers	2020
Restricted funds			(Restated)	(Restated)
StJohn's Foundation			30,000	(30,000)
Big Lottery Fund		10,139	48,000	(52,672)		5,467
Asda Capital Fund		28,125	160,000	(45,984)	(28,096)	114,045
Unrestricted funds
General funds		51,783	548,563	(350,275)	28,096	278,167
Total funds		90,047	786,563	(478,931)		397,679

Analysis of n	et assets between funds
		Tangible	Other	Total
As at 31 March 2021		Fixed assets	Net assetsf
Restricted Funds			384,773	384,773
			384,773	384,773
Unrestricted	funds
General funds		158,787	915,998	1,074,785
Total funds		158,787	1,300,771	1,459,558
		Tangible	Other	Total
As at 31 March 2020		Fixed assets	Net assets
Restricted Funds			119,512	119,512
			119,512	119,512
Unrestricted	funds
General funds		70,677	207,490	278,167
Total funds		70,677	327,002	397,679

					Unrestricted	Restricted	Total
					Funds	Funds	2020
	Income from
	Donations 8 grants				333,213	238,000	571,213
	Charitable activities				178,034		178,034
	Other trading activities				5,132		5,132
	Other income				32,184		32,184
	Total income				548,563	238,000	786,563
	Expenditure on
	Raising funds				50,342		50,342
	Charitable activities				299,933	128,656	428,589
	Total expenditure				350,275	128,656	478,931
	Net income/(expenditure)				198,288	109,344	307,632
	Transfers between funds				28,096	(28,096)
	Net movement in funds				226,384	81,248	307,632
	Total funds at 1 April				51,783	38,264	90,047
	Total funds at 31 March				278,167	119,512	397,679
19	Reconciliation of net	movement	in funds to net cash inflow from operating activities
						2021	2020
	Statement of Financial	Activities:	Net movement		in funds	1,061,879	307,632
	Adjustments for:
	Depreciation					25,419	10,967
	(Decrease)/increase	in creditors:	current	liabilities		98,799	72,667
	(increase)/ decrease	in debtors				(53,778)	(47,495)
	Net cash inflow from	operating	activities			1,132,319	343,771
20	Analysis ofchanges	in cash during the		period
					2021	2020	Change
	Cash at bank and in hand				1,402,554	395,542	1,007,012
					2020	2019	Change
	Cash at bank and in hand				395,542	148,486	247,056