# # ## ## |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|