FARESHARE NORTH EAST
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Charity Number: 1189901
DEBÉRE LIMITED
Chartered Accountan15
Swallow House
Parsons Road
Washington
Tyne and Wear
NE37 1EZ

FARESHARE NORTH EAST
FINANCIAL sTATEmE￿rs
YEAR ENDED 31 MARCH 2024
CONTENTS
PAGES
Officers and professional advisers
Trustees, annual report
2104
Independent Examiners Report
Stalemenl of financial activities
Balance sheet
Notes to the financial statements
8-20

FARESHARE NORTH EAST
MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS
YEAR ENDED 31 MARCH 2024
Reference and Admlnlstratlve Informatlon
Register•d Offl¢e
Slamfordham Road
Weslerhope
Newcastle upon Tyne
Tyne and Wear
NE5 SHH
Board of Tru8tee8
Craig Bankhead
Jane Tiplady
Andrew Hook
Molly Malliris
Valerie Bell
Steven Richardson
Calharine Mitchell
Martin Brooks - appointed 18 September 2023., appointed Chair
1 January 2024
Christopher Parsons- appointed 18 September 2023
HaTry Barham - appointed 18 September 2023
Sir Paul Ennals- resigned 31 January 2D24
Graeme Heron - resigned 8 April 2024
Chlef Ex8cutive
Jake Hanmore
Independent Examiner
Debére Limited
Chartered Accountants
Swallow House
Parsons Road
Washington
Tyne and Wear
NE37 1EZ
Bankers
Virgin Money
30 St Vincent Place
Glasgow
G12HL

FARESHARE NORTH EAST
REPORT OF THE TRUSTEES
YEAR ENDED 31 MARCH 2024
The trustees present their report with the financial statements of the Charity for the year ended 31 March 2024.
The trustees have adopted the provisions of Accounting and Reporting by Charities". Statement of
Recommended Pra¢lice applicable lo charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102 - effective 1 January 20191.
Oble¢tlves & Activitios
The Charity's objectives are contained in ils Foundation COnSt￿lUtion, which slates..
lal The relief of poverty and the promotion of good heath and nutrition in North East England by
distributing surplus produce lin particular food) to organisations working lo rneet the needs of
individuals in social, economic, heallh-relaled or emotional distress, and the needs of Ghildren,. and
Ibl The conservation, protectson and improvement of the physical environment through the reduction of
food waste.
The trustees have referred to the guidance in the Charity Commission's general guidanGe on public b6nefil
when reviewing aims and objectives, and in planning future activities. In particular, the Iruslees Gonsider how
planned activities will contribute lo the aims & objectives they have set.
Details of specific aims, activities, and achievements are included in the Achievements and Perfomiance
Section of the Trustees Report below.
Achlevemonts & Performanto
Fareshare North East, working in partnership with Fareshare UK, covers the geographic North East of
England. working lo re-distribute good to eat, quality surplus products from the food industry to charities and
community groups. Being a part of the Fareshare neI￿OTk gives Fareshare North East aC￿sS to national
surplus food partners and guidance on the safe redistribution of surplus food through a Collaborallon
agreement.
As in the previous year. the volume of surplus food that Fareshare North East has received has fluctuated,
although the organisalion has managed lo serwe ar¢ addition?130 community groups within the region. In the
reporting year of 2023 2024 Fareshare North East redistribut$d 1.269 tonnes of surplus food lo 230
community groups, which represented a small increase year on year.
The types of community groups that Fareshare North East supports has remained broadly similar, including a
mix of community cafes, breakfast clubs, homelessness projects, and Community pantries. Community
pantries in particular remain one of the largest types of groups that Fareshare North East supports, with Ihe
majority of new groups joining the service ba'ng of this type.
Flnanclal Revlew
Fareshare North East has continued to b8nefit from the investment in operatlonal capacity in recent years,
allowing the organisalion lo increase the amount of food redi5tribuled and the number of Community groups
served. This investment has also meant that Fareshare North East has been able lo weather a challenging
yearfor fundraising wrthout experiencing any financial issues, with only a relatively small movement in reserves
as detsiled in the Reserves Policy section of this report.
Fareshare North East's main fvnded programme began to wind down during the reporting period, with the
generous tMo-year Kavli Trust support for cookery skills, volunteer training, and support for our new
Middlesbrough warehouse coming lo a natural end. The programme was very successful, with thanks to Kavli
for their support, and Fareshare North East hopes to secure funding lo conllnue il through future y8ats.

FARESHARE NORTH EAST
REPORT OF THE TRUSTEES (Contin￿1?
YEAR ENDED 31 MARCH 2024
Prlnclple Funding Sour¢e$
The charity has a mix of funding sources, from grants, trusts, ¢orpor8te partners, and contributions from
ommunity groups through membership of Fareshare North East's redistribution activities.
Notable fvnders this year include..
Kavli Trust
Ludlow Trust
Postcode Lollery Community Trust
Sage Foundation
Reserves Pollcy
The Iruslees have sel a reserves target of the equivalent of between 3-6 months operational costs, plus the
equivalent of any associated redundancy and winding up costs as the minimum value of unrestricted reserves
to be held at any one lime, This creates a target for 2024125 of be￿een £195.656 and £391,312.
As at 31 March 2024 the total unrestricted reserves were £388.545, of wh￿h £104,957 belongs to a designated
fijnd for closure costs, £72,919 belongs to a designated ¢8pilal fund, whllst £210,669 consists of unr8Stricled
funds to cover operational costs.
Plans for Fulure Periods
During the next financial year, based on projections by Fareshare UK for all ne￿Ork partners, Fareshare
North East expects food volumes to grow by around 50A, whi¢h will allow for modest growth in the numbei of
groups served within the region.
To maximise impact, the key objectives for Fareshare North East during the next period, 2024-25, are..
Seek new ways lo work with surplus food, especially harder to use items like large catering packs,
unlabelled products, or large quantities of fruit and vegetables
Support our Gommunity groups in accepting more of these harder to use items, parts'cularly supporting
groups interested in cooking with surplus food
Explore additional ways to support our charitabl8 objectives and that compliment our surplus food
distribution activities

FARESHARE NORTH EAST
REPORT OF THE TRUSTEES (corjbnued)
YEAR ENDED 31 MARCH 2024
Trustggs, responslbllltles In relation to tho Financlal Ststements
The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practs'cel. The law applicable to charities in England and Wales requires the trustees to prepare
financial ststemenls for each financial year whi¢h give a true and fair view of Ihe stsle of affairs of the charity
and of the income resourcès and application of resources of the charity for that period. In preparing these
financial statemen15, the trustees are required to..
Select suitable accounting policies and Ihen apply them consistentty..
Observe the methods and principles in the charity SORP.,
Make judgements and eslimales that are reasonable and prudent.,
State whether applicable accounting standards h8ve been followed, subject to any material departures
being dis¢losed and explained in the finan¢ial statements., and
Prepare the financial slalements on a going concern basis unless it 15 inappropriate to presume that
the charity will continue in business.
The trusiees are responsible for keeping proper accounting records that disclose with re8sonable accuracy at
any time the financial p051tion of the charity and enable them lo ensure that the financial statements comply
with the Charities Act 2011. They afe responsible for safeguarding the assets of the charity and, hence, takin9
reasonable steps for the prevention and detection of fraud and other irregularities.
Indepond¢nt Examlner
A Resolution to appoint Claire Miller al Debère Limited as Independent Examiner for the ensuing year will be
proposed at the Annual General Meeting. These financial statements have been prepared in accordance with
the provisions applicable to companies Subject to the small companies regime.
Approved by the Iruslees on 8 July 2024 and signed on ils behalf by
Martin Brookes
Chair

FARESHARE NORTH EAST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
FARESHARE NORTH EAST
YEAR ENDED 31 MARCH 2024
I report on the accounts of the Charitable Incorporated Organisalion for the year ended 31 March 2024, which
are sel out on pages 6 to 20.
Respectlve Rfrsponslbllltlès of Trustees and Examlner
The charity's trustees are responsible for the preparation of the accounts. The charty's trustees consider that
an audit is not required for this period under section 14412) of the Charities Act 20111.the 2011 Act'l, and that
an independent examiner5 report is needed.
It is my responsibility to..
examin8 the accounts under section 145 of the 2011 AGt',
follow the procedures laid down in the General Directions given by the Charity Commission under
section 14515llbl of the 2011 Act., and
10 state whether particular matters have come lo my attention.
Basis of Independent Examlners Report
An independent examination does not involve gathering all the evidence that would be required in an audit
and consequently does not cover als the matters that an auditor Considers in giving their opinion on the
accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent
examination can provide. Consequently, l express no opinion as to whether the accounts present a 'true and
fair view, and my report is limited lo those specific matters sel out in the independent examiner's slatement.
Independènt Examlngfs Statpment
In connection with my examination, no matter has come lo rny attention..
11) Vvhich gives me reasonable cause to beSi8ve that, in any material respect, the requirements to..
keep accounting records in accordance with s130 of the 2011 Act,, and
to prepare accounts which accord with the accounting records and lo comply with the accounting
requirernenls of the 2011 Act.
have not been met,. or
(21 to which in my opinion, attention should b8 drawn in order to enable a proper understanding of the
accounts to be reached.
Claire Miller BA (Honsl FCA
Independent Examiner
loLA L40
ON BEHALF OF DEBÉRE LIMITED
Charte￿d Accountants
Swallow House
Parsons Road
Washington
Tyne and Wear
NE37 1EZ
Date.. 8 July 2024

FARESHARE NORTH EAST
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2024
Un￿strIcted
Funds
General
Unrestrlctyd
Funds
O¢¥lgnated
Total
Fund¥
2024
Total
Funds
2023
Restricted
Fund$
Notg
Income from:
Investment income
Charitable activitie5
Donations and legacies
5,635
495,707
5,635
65,478 561,185
409
690.379
Total incomo
547,673
65,478 613, 151
744,077
Expndlture:
Charitable activit￿ts
531495
88 171
557432
Total oxpondlture
531,495
20,192
88,171 639,858
557,432
N•t Incomlng l {outgolng
r•sources b8fore transfers
16,178
120,1921
122,6931 126,7071
186.645
Transfers
Gross transfers betsveen funds
Nel movement In funds
18,2191
4,205
{22.6931 126,707}
186,645
Total fun¢s brou9ht forward
218 888
173671
371613
Total funds carrled foThvard
210,669
177,876
143,006 531.551
558,258
The stalemenl of financial activities includes all gains and losses recognised in the year.
All income and expenditure derives from continuing activities.
The note8 on pages 8 to 20 fom part of these finanaal statements

FARESHARE NORTH EAST
Charity Number. 1189901
8ALANCE SHEET
31 MARCH 2024
NoteB
2024
2023
Fixgd a$sèts
Intangible assets
Tangiblè assets
1,687
216 336
2, 7Ql
246 584
10
218,023
249,285
Current assets
Debtors
Cash al bank and in hand
11
39,593
389 465
68,039
446 980
429,058
515, 019
redltors: amounts falling due within one
year
12
115530
196 887
Net current assets
313,528
318,138
Credltor6: amounts f•lllng dug after
more than one year
13
Net assets
531,551
558,258
Not assots
Funds
Restricted funds
14
143,006
165.699
Unrestricted funds:
Designated funds
General funds
IS
177,876
210 669
f 73,671
218 888
Total charity funds
16
531.551
558,258
These financial statements have been prepared in Compliance with FRS 102, 'The Financial Reporting
Standard applicable in the UK and the Republic of Ireland,, the Stslement of Recommended Practice
app5i¢able lo charities preparing their accounts in accordance with the Financial Reporting Standard appli¢able
in the UK and Republic of Ireland {FRS 1021 (Charities SORP {FRS 10211.
For the year ended 31 March 2024 the comp8ny was entitled lo exemption from audit under section 477 of the
Companies Act 2006 Telaling to small companies.
Di￿¢10[SItrusteeS responslbililies-.
The members have not required the corllpany to obtain an audit of its financial statements for the period
in question in ac¢ordance with section 476.,
The directOTsltruslees acknowledge their responsibilities for complying with the reqU1￿MentS of the Act
with respect to accounting records and the preparation of financial $tstements.
These financial statements were approved by the Board of Trustees on 8 July 2024 and Slgned on their behalf
by..
Martin Brookes
Chair
Thg notes on pages 8 to 20 form port of thèse financial ststernenls

FARESHARE NORTH EAST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 IMRCH 2024
ACCOUNTING POLICIES
Basis of preparation of financlal statements
The financial statements have been prepared in accordance with the chaiity's goveming document, the
Companies Act 2006 and"Accounling and Reporting by Charities.. Statement of Recomrnended Practs'ce
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191.. The charity is a
Public Benefit Entity as defined by FRS 102.
The address of the charity's registered office and principal place of business is Stamfordham Road.
Weslerhope, Newcastle upon Tyne, Tyne and Wear, NES SHH.
FareSha￿ North East meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cost or transaction value unless otherwise slated in the relevant
accounbng policy.
Going concern
The financial statements have been prepa￿ on a going concem basis as the trustees believe that no
material uncertainties exist. The Iruslees have considered the levels of fund5 held and the expected
level of income and expenditure for 12 months from aulhorising these financial statement$. The
budgeted income and expenditure is sufficient wilh the level of reserves for the charity to be able lo
continue as a going Concern.
Fund accounting
Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure whi¢h
meets these criteria is identified lo the fund, together with a fair allocation of overheads and support
costs.
Unrestricted funds are donations and other incoming resources received or generated for the charitable
purposes.
Designated fvnds are unrestricted funds earmarked by the trustees for particular purposes.
Income
Income is recognised in the period in which the charity is entitled to receipt and the amount can be
Easuied with Teasonable certainty. Income is deferred only when the charity has to fulfil conditions
before becoming entitled lo it or where the donor has specified that the income is lo be expended in a
future perlod.
Voluntary income received by way of donations and gift5 to the charity is included in full in the Statement
of Financial Activities when received. Intangible income is not included unless il represents goods or
services which would have otherwise been purchased. Gffts in kind are valued and brought in a5 income
and the appropriate expenditure. There were no gifts in kind in the year ended 31 March 2024.
Investmont Incomg
Interest is included when recewable by tre charity.

FARESHARE NORTH EAST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES (continued)
Exppndituro
All expenditure is accounted for on an accruals basis.
Charitable actNilies include 811 Costs relating to activltles where the primary aim is part of the object5 of
the ¢harily along with the indirect costs. The indirect costs have been apportioned on a reasonable
basis.
Governar)ce costs include audit and a¢¢ountancy fees as well as the Annual General Meeting cosls.
Oporating lea86 agreements
Rentals applicable lo operating leases Whe￿ subslantialty all of the benefits and risks of ownership
remain with the lessor are charged to the Stslement of Financial Acllvities on a straighl-line basis over
the period of the lease.
Debtors
Trade and other debtors are recognised al Ihe settlement amount after any trade discount offered.
Prepayments are valuèd al the amount prepaid net ol any trade discounts due.
Cash at bank and In hand
Cash at bank and in hand includes cash held at bank and cash in hand.
Llabllltles and provisions
Liabilities are recogni5ed when there is an obligation al the Statement of Financial Position dale as a
result of a past event, il is probable that a transfer of economic benefit will be required in settlement,
and the arnount of the selllemenl can be estimated reliabw. Liabilities are recognised at the amount
that the charity anticipates il will pay to settle the debt or the amount it has received as adVan￿d
payments for the goods or service5 11 musl provide. Provisions are measured at the best estimate of
the amounts required to settle the obligation. Where the effect of the time value of money is material,
the provision is based on the present value of those amounts. discounted at the pre-tax discount rate
that reflects the risks specific lo the liability. The unwinding of the discount is recognised within interest
payable and similar charges.
Financial Instruments
The charity has elected lo appty the provisions of Section 11 'Basis Financial Instruments of FRS 102,
in full to all of its financial instruments. All of the charities financial assets and financial Iiabililies qualify
as basic financial instruments. Basic financial instruments are initially recognised al transaction value
and subsequently measured al their settlement value.
Penslon costs
The charity provides a defined contribution scheme for employees. The assets of the scheme are held
separately from those of the charity. The annual contributions payable are charged to the Statement ol
Financial Aclivilies.

FARESHARE NORTH EAST
NOTES TO THE FINANCIAL STATEPdlENTS
YEAR ENDED 31 MARCH 2024
AGCOUNTING POLICIES fconlinued)
Intangible Assets and Amortlsatlon
Intangible assets are initially recorde(l at cost and are subsequently slated at cost less any a¢cumulaled
amortisation and impairment bosses.
Amortisation is calculated so as to Wrlte off the cost of an asset, less rt's estimated residual value, over
the useful economic life of that asset as follows..
Website development
331J/o Straight line
Tanglble FIxBd Assets and Depreclatlon
Tangible fixed asset5 are ¢apilalised and included at cost.
Deprecialion is calcL+lated so as to write off the C05t of an asset, less its estimated residual value, over
the useful economic life of that as$et as follows..
Equipment
Motor vehicles
Leasehold improvements
150A reducing balance
250/0 reducing balance
Over the term of the lease
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense unless these
costs are required to be ¢apitslised as an intsngible or tangible fixed asset.
Employees are only entitled to carry forward unused holiday entitlement in exceptional circumstances,
and only by agreement with rnanagement. The cosl ¢)f any unused entitlement is recognised in the period
in wh￿h the employee's services are required.
Critical Accounting Estlmates and Ar¢•8 Of Judggm¢nt
Eslimates and judgements are continually evaluated and are based on historical experience and other
factors. including expectation of future events that are believed to be reasonable under the
circumstanceg.
The only signifficanl area of judgernent is the useful economic lives of fixed assets, details of which are
given above.
10-

FARESHARE NORTH EAST
NOTES TO THE FINANCIAL STA TEMENTS
YEAR ENDED 31 MARCH 2024
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PRIOR YEAR
Unrestrirted Unrestrfcted
Funds
Fund¥
Gongral
Deslgnated
rotal
Fund¥
2023
R•strlctod
Funds
Note
Incomo fmm..
Investment income
Charitable 8clivities
Donations 8nd legacies
409
531,536
409
158,843 690.379
Total Income
585,234
158,843 744,OTT
Expenditure..
ChaTltable activities
398 902
134 897 557 432
Total expenditu
398.902
23, 633
134, 897 557,432
Net incomiTng/(outyoing)
resources ￿fOr• transfers
186,332
(23.633)
23,946 186, 645
Transfers
Gross transfers between funds
Not movement in funds
137,329
25,370
23.946 186,645
Total funds brought foftward
148 301
71
141753 LL13
Total funds Carrled fonyard
218,888
173,6TI
165,699 558, 258
COMPANY STATUS
The company is a charitsble in¢orporated organisation.
INVESTMENT INCOME
UnrestTl¢ted
Funds
Restrictgd
Funds
2024
2023
Bank interest
Interest received on VAT
5,634
5,634
409
5,635
5,635
409
In the year ended 31 March 2024, income from other trading activities of £5,635 12023.. £4091 was
unrestricted and £nil12023.' £nill was reslricled.
11

FARESHARE NORTH EAST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
INCOME FROM GHARITABLE ACTIVITIES
Unrestricted Restrlcted
Funds
Funds
2024
2023
Connected Voice
Covid related grant
LGA Foundation
Joicey Trust
Poslcode Lottery
William Leech
Middlesbrough Foundation
FSUK
Groundwork Tesco
Ludlow Trust
CLLD Funding
Fundraising
Membership income-CFM
Community Foundation
County Durham grant
Postcode Community Trust
Kavli Foundation
Garfield Weston
Apprentice funding
Funding for food savouring role
Sundry income
Profit on disposal of fixed assets
4,000
10, 749
5,000
3,300
25,000
5,000
50,000
184,09T
2,375
54,400
23.136
6,047
253.042
27,650
1,000
51,780
6,322
33,972
1,000
51,780
22,776
301,274
10,000
10,000
70,000
22,776
301,274
10,000
10,000
70,000
59,156
59,156
30, 000
31,034
3,199
427
800
427
800
495,707
65,478
561,185
690,379
In the year ended 31 March 2024, income from charitable actlvities of £495,70712023.. £531,536) was
unrestricted and £65,47812023.' £158,843) was restricted.
12

FARESHARE NORTH EAST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
EXPENDITURE
Dlrect
Costs
Staff
Costs
Deprn-
ciatlon
Othgr
Costs
2024
2023
Charitable adivities
Governance costs
8,774
409,063
60,645
158,526 637,008
554.832
8,774
409,063
60,645
161,376 639,858
557,432
In the year ended 31 March 2024, total expenditure of £551.68712023'. £422,S35) was unreslricled and
£88,17112023.' £134,897) was restricted.
Governan¢e c08ts are madg up a$ follow8:
2024
2023
Independent Examiners fees
Accountancy fees
1,375
1,250
2,850
2,69Q
Other costs are made up as follows:
2024
2023
Rent and ulililies
Tekephone
Printing and office supplies
Website costs
Repairs and maintenance
Cleaning and hygiene
Travelling expenses
Motor vehicles expenses
Vehicle hire
Equipment hire
Insurance
Fee5 and subscriptions
Training
Advertising
Consultancy and legal fees
Volunteer expenses
Bank charges
Interest payable on hire purchase agreements
Bad debt provision
Interest payable on PAYE
Pest control
Volunteers training programme
28,606
4,105
8,433
4,015
1.071
8, 764
50Q
25,374
2,399
5,053
58,096
702
t,970
1,493
770
640
58
19.570
5.010
1,41f
1,885
19,398
16
27,366
32,105
2,425
9,070
47,744
402
6,442
4,491
993
2,265
178
13,782
6,171
1,843
1.885
4,397
671
118,2721
158,526
202,216
13-

FARESHARE NORTH EAST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY
MANAGEMENT PERSONNEL
The aggregate payroll costs were.,
2024
2023
Wages and salarles
Social se¢urity costs
Other pension costs
Staff support costs
346,758
22,830
6,532
32.943
253, 697
14,277
4.370
409,063
286,952
No employee {2023'. no employee) eamed in excess of £60,00012023. £60,000) during the year.
P•rtlcular8 of employegs:
The average number of staff employed by the charity during the financial perfod amounted to..
2024
No
2023
No
Total
Trustees. remuneration and expen8e8
No remuneration directly or indirectly out of the charity was paid or payable for the current and previous
periods lo any trustee or any persons known to be connected with any of them. No reimbursement of
expenses has been made or is due to be made to any of the trustees in respect of the current and
previous periods.
As part of the organisation's insurance policy, trustees have been indemnified against consequence of
any neglect or default on their behalf.
NET INCOMING I OUTGOING RESOURCES
Net incomingl{oulgoingl resources are ststed after charging..
2024
2923
Oepreciation and amortisation
Accountancy and Independent ExamineT'S fees
60,645
46,323
14-

FARESHARE NORTH EAST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
INTANGIBLE FIXED ASSETS
Website
Development
Cost
Al 31 March 2023
Additions
Disposals
5,750
1,000
At 31 March 2024
,750
Amortisation
Al 31 March 2023
Charge for the year
Disposals
3,049
2,014
At 31 March 2024
5,063
Net book value
Al 31 March 2024
At 31 March 2023
10 TANGIBLE FIXED ASSETS
Leasehold
Improvements
Motor
Vehicles
Equlprnent
Total
Cost
At 31 March 2023
Additions
Disposals
166,597
9,613
167,616
334.213
28.383
18,770
At 31 March 2024
18,770
176,210
167,616
362.596
Dgprgcialion
Al 31 March 2023
Charge for the year
Disposals
28,509
21,628
59.120
27,124
87,629
58,631
9.879
Al 31 March 2024
9,879
50,137
86,244
146,260
Net book value
Al 31 March 2024
12
Al 31 Mar¢h 2023
All tangible fixed assets are held for charitable purposes.
15

FARESHARE NORTH EAST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
11. DEBTORS
2024
2023
Trade debtors
VAT and social security
Prepayments and awrued income
31,977
4,903
48,591
16,479
39,593
68.039
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Awruals and deferred income {see below}
Other creditors
Hire purchase agreements
16,537
54,899
34,929
41,001
127,661
12,507
115,530
196,881
The obiigatr'ons under hire purchase agreements of £9,16512023.' £15,712) are secured by way of a
rixed charge over the assets acquired.
31 March
2023
31 Mar¢h
2024
Receivablo
Released
Mlddlesbrough Football Club Foundation
FSUK
Membership fees
Kavli Trust
Expenses accrued
18,800
15,362
18,800
15,362
20,000
737
19,900
79,156
28 605
119,900)
{59,156)
737
127,661
34,899
1107,6611
54.899
The deferrals included in creditor5 relate to those grants, donations and income specffied as relating lo
a specific period and represent those parts of the granls, donations or income which relate to periods
subsequent to the accounting year end and are Irealed a$ grants or income in advance, or alternatively
where there are conditions which musl be fulfilled prior to enlitlemenl or use of the grant or donation by
the charity.
13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
2023
Hire purchase agreements
The obligations under hire purchase agreements of £nil (2023.. £9,165) are secured by way of a fixed
charge over the assets acquired.
16-

FARESHARE NORTH EAST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
14. RESTRICTED FUNDS
For the year ended 31 Mar¢h 2024
Movement in r•sources:
Balance
31 March
2023
Balance
Transfers to 31 March
In¢oming Outgolng Unrestricted
2024
Middlesbrough Foundation
Asda Funding
FSUK
VVRAP
cbthworkers
Kavil Foundation
Big Lottery
31,135
12,442
90, 523
5,403
3, 565
13,7231
12,4731
126,1061
11,1811
{8911
150,4021
27,412
9.969
70,739
4,222
2.674
8.754
6,322
59,156
22 631
165, 699
65,478
188,1711
143.006
F¢Y the year •nd•d 31 March 2023..
Alovement in rèsources..
Balance
31 March
2022
Balance
Transfers to 31 March
Incomlng Outgolng Unrestricted
2023
Mlddlesbrough Foundation
Asda Funding
FSUK
WRAP
Clothworters
Kavil Found8tAon
Big Lottery
50,000
(18,865)
(3, 147)
(24,085)
(1,535)
(1, 188)
{82,083)
31, 135
12,442
90, 523
5,403
3,565
15,589
5, 765
6,938
4, 753
82,083
108.843
141,753
158,843
(134,89r)
165, 699
Asda Funding
Capital funding received for capitsl improvements.
FSUK
Central van fvnding received for the purchase of a van.
WRAP
Funding received for various capacity enhancement, including reach truck, PPT, safety barriers, forklift
truck charging, handwash and wage costs.
Clothworkers
Funding received for the pU￿hase Df a forklift truck.
17

FARESHARE NORTH EAST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
14. RESTRICTED FUNDS l¢ontmusd)
Big Lottery
Funding received for the pu￿hase of a frid9e freezer.
Kavil FoundatSon
During 2021-22 funding was awarded from the Kavli Trust for a tWD-calendar year period. This funding
was restricted in the first year to cover six months of core cos15 for the Tees Food Hub and also lo fund
training programme in partnership with Nourish Food School. Thi5 training programme is running
throughout the year programme and will support beneficiaries in gaining vaSuable cookery life skills
For the second year. in additton lo the partnership with Nourish Food School. funding ha$ been awarded
to ￿crUIt a Training Manager to SUPPDrt an in-house warehouse training programmè.
Mlddle8brough Foundatlon
Funding received for the purchase of refrigeration and Gosts for securing the Middlesbrough site.
15
UNRESTRICTED FUNDS
For the year ended 31 March 2024:
Balance At
31 Mar
2023
Balance
At 31 Mar
2024
InGoming Outgoing Transfers
Designated funds..
Caiilal fund
Contingencies for closure
62.294
111377
120,1921
30,817
72,919
104957
Total designated funds
173,671
120,1921
24.397
177,876
General funds
547 673
531495
210669
392,559
547,673 1551,6871
388,S45
For the year ended 31 March 2023..
Balance At
31 M8r
2022
Balanco
At31 Mar
2023
Incomlng Outgolng Transfers
Designated funds..
Capital fund
Gonlingencies for closure
88.301
0000
(23, 633)
{2,374)
62,294
111377
Tot81 d85ign8ted funds
148.301
(23, 633)
49,003
173, 671
GeneTrl funds
585 234
278 888
229, 860
585, 234 (422, 535)
392,559
18-

FARESHARE NORTH EAST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
15 UNRESTRICTED FUNDS (continued)
Doslgnatod funds are as follows:
Capital fund - This fund in¢ludes all of the assets that are not covered by reslricled funds less any hire
purchase liabilities in relation to the assets.
Contingencies for closure - the balance has been based on the estimated costs of ck)sing the charity.
16. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Forthe year endod 31 March 2024:
Intangible
flxed
assets
Tangible
fixed
assets
Net
Current
assets
Long
Term
Liabllltl•s
Total
2024
Restrlcted funds:
Asda Funding
FSUK
WRAP
Clolhworkers
Big Lottery
Middlesbrough Foundation
Kavli Foundation
9,969
70,739
4,222
2,674
19.236
27.412
9,969
70,739
4,222
2,674
19,236
27,412
134,252
8,754
143.006
Designated funds:
Capital fvnd
Contingencies for closure
General unrestTiCted funds
82,084
19,1651
104,957
208 982
72.919
104,957
210 669
Total funds
1.687
216,336
313,528
531,551
For the year ended 31 March 2023:
Intangible
fixed
assets
Tanglble
flxed
assets
Net
Current
assets
Long
Term
Llabilitles
Total
2023
Restricted funds..
Asda Funding
FSUK
WRAP
cbthworkers
Big Lollery
Middlesbrough Foundation
72,442
90,523
5,403
3.565
22.631
12,442
99,523
5,403
3,565
22,637
159.413
6.288
165,699
Déslgnated funds..
C8Pit81 fund
Conlingenci8s for ¢losure
General unre8trict8d funds
87,771
(15. 712)
111,317
216 187
(9, 165)
62,294
111,377
218
rotal funds
2,701
246, 584
318.138
(9. 165)
558,258
19-

FARESHARE NORTH EAST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
17. CONTROLLING PARTY
In the opinion of the truslee$ the charity is not controlled by any single party.
18. TAXATION
The charity is exempt from lax on income and gains falling within secb.on 505 of ihe Taxes Act 1988 or
Section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its
charitsble oty'ects. No tax charges have arisen in the chaiity.
20-