Fare Shop
Registered Charity No 1167051
Trustees, Annual Report and Accounts
1 April 2024- 31 December 2024
The charitable object of Fare Shop is for the public benefit. the prevention or relief of food poverty
of people living in Creater Manchester by operating a community grocery, providing surplus food
froTn supermarkets to individuals in need, to relieve their needs and prevent hunger.
This report covers the period i April to 31 December 2024, resulting from the decision taken at the
Annual General Meeting on 1 September 2024, to change Fare Shop's financial year from previously
1 April to 31 March to furthermore coincide with the calendar yeor.
In the months of April to December 2024 Fare Shop
was assisted by 15 volunteers, collectively contributing some 4000 hours of service
supported 709 people in 257 member families
saved 21.5 tonnes of food trom landfill
enabled 51,000 meals worth approximately £97.000
A tourth Trustee, Mr5 Julia Fuller, joined Fare Shop's management and administrative team on 12
September 2024.
In the current accounting period of nine months, Fare Shop's cash funds increased from £48,692.63
on 1 April 2024 to £54,262.13 on 31 December 2024. Income and expenditure were proportionately
in line with the previous accounting period of twelve Tnonths. Income exceeded expenditure and
any surplus is being reinvested in Fare Shop by ensuring the more consistent availability of ba51C
grocery and household items.
Since its inception, Fare Shop has been keen to provide healthy food options and especially f resh
produce for its members. In January 2024, Fare Shop moved from charging the nominal sum of
twenty pence forgenerous quantities of fresh fruit and vegetables to giving away produce forfree.
This move resulted in a phenomen31 increase in the uptake of fresh produce. Consequently* all our
members and their families now have regular access to healthy food options. The p051tive
teedback we receive, especially about children enjoying fruit on a regular basis, is particularly
pleasing.
Signed
U B Samelyj Chair of Trustee5
Date
SI ILLA Jo
Signed
l Arkwright, Treasurer
Date
rJ312

Fare Shop
Financial Activities
1 April 2024 - 31 December 2024
Opening Balance 1 April 2024
48,692.63
INCOME
Sales
Awards
Donats'ons
Total Income
8.998.81
4,780.00
619.98
£14,398.79
EXPENDITURE
Rent
Exlra stock
Purchases
Project Purchases
Printing
OfficelGeneral Administrative Expenses
Insurance
Total Expenditure
3,900.00
3,307.63
766.25
574.97
67.50
55.94
157.00
£ 8,829.29
NET INCOME
£ 5,569.50
Closing Balance 31 December 2024
54,262.13
Signed
U B Samely. Chair of Trustees
Date
SI
Signed
l Arkwright, Treasurer
Date