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2025-03-31-accounts

FARESHARE NORTH EAST

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Charity Number: 1189901

DEBÉRE LIMITED

Chartered Accountants Swallow House Parsons Road Washington Tyne and Wear NE37 1EZ

FARESHARE NORTH EAST

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

CONTENTS PAGES
Officers and professional advisers 1
Trustees’ annual report 2 to 4
Independent Examiners Report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 21

FARESHARE NORTH EAST

MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS

YEAR ENDED 31 MARCH 2025

Reference and Administrative Information

Registered Office Stamfordham Road
Westerhope
Newcastle upon Tyne
Tyne and Wear
NE5 5HH
Board of Trustees Craig Bankhead
Jane Tiplady
Andrew Hook – resigned 13 May 2025
Molly Malliris
Valerie Bell – resigned 29 April 2024
Steven Richardson – resigned 30 January 2025
Catharine Mitchell
Martin Brooks – resigned 9 June 2025
Christopher Parsons – resigned 31 August 2025
Harry Barham
Chief Executive 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
G1 2HL

FARESHARE NORTH EAST REPORT OF THE TRUSTEES

YEAR ENDED 31 MARCH 2025

The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 – effective 1 January 2019).

Objectives & Activities

The charity’s objectives are contained in its Foundation Constitution, which states:

The trustees have referred to the guidance in the Charity Commission’s general guidance on public benefit when reviewing aims and objectives, and in planning future activities. In particular, the trustees consider how planned activities will contribute to the aims & objectives they have set.

Details of specific aims, activities, and achievements are included in the Achievements and Performance section of the Trustees Report below.

Achievements & Performance

During 2024 to 2025 FareShare North East delivered to 267 community groups across the region, supporting 185 from our Newcastle warehouse and 82 from our Middlesbrough warehouse, which we opened in March 2023. Over the course of the year we redistributed 1,352 tonnes of surplus food to these community groups, out of a total of 1,905 tonnes food received – with the balance being stored in our two warehouses as inventory to be used in future.

Compared to last year, 2023 -2024, we rescued an additional 433 tonnes and redistributed an additional 83 tonnes to an extra 37 community groups.

The food mix has changed during this year; around 50% of what we redistribute consists of fresh fruits & vegetables, with the rest being a mix of chilled, frozen, and ambient items – with the amount of ‘retail ready’ surplus decreasing, FareShare North East are redistributing increasing quantities of catering sized product or unfinished product directly from food production lines.

Our impact within the community remains strong, with our most recent survey data finding that 85% of community groups are able to access an increased variety of food through working with us, 82% are able to provide more fresh fruit & vegetables to their beneficiaries, and 78% say that they are able to stretch their organisation’s budget further by accessing food through FareShare. Without us, 80% of community groups report that they would have to scale back the food services they provide, and 43% say that it is extremely likely that they would have to close entirely.

As a charity, we are heavily reliant on volunteers to help us to get good food to good causes. During this financial year we a total of 255 people volunteer with us, of which around 140 are regular volunteers with us. These volunteers supported us with a combined 23,566 hours of their time with volunteers supporting us across the charity, and all of our van drivers are volunteers.

FARESHARE NORTH EAST

REPORT OF THE TRUSTEES (continued)

YEAR ENDED 31 MARCH 2025

Financial Review

Like all charities, the challenging fundraising environment has continued for FareShare North East during 2024 – 2025 and is expected to continue well into 2025- 2026. As members of NCVO we have access to regular reports on issues affecting the sector, we have found that grant funding has become much harder to secure, and we have also had multi-year funding come to a natural end during this period.

Despite these challenging headwinds FareShare North East were able to successfully attract funding in the latter part of the financial year from key trusts & foundations . Although we had successes, this challenging funding landscape has led to a substantial deficit during 2024 - 2025, which the charity covered using charity reserves.

Given the ongoing challenges across the sector, the Trustees and Executive have implemented a strategy to strengthen the fundraising team, investing in additional capacity, and to diversify fundraising income to be less reliant on grants, trusts, & foundations. New areas of activity including a new approach to corporate partnerships, and a greater focus on campaigns, hosted events, and mass participation events throughout the year.

Principle Funding Sources

The charity has a mix of funding sources, from grants, trusts, corporate partners, and contributions from community groups through membership of FareShare North East’s redistribution activities.

Notable funders this year include:

Corporate Partners

Reserves Policy

The Trustees have set reserves target of the equivalent of between 3 & 6 months of operational costs, which would create a target for 2025 – 2026 of between £206,048 and £412,097.

As at 31 March 2025 the total unrestricted reserves were £293,957, of which £99,011 belongs to a designated capital fund, whilst £194,946 consists of unrestricted funds to cover operational costs.

Plans for Future Periods

The changing nature of surplus food is going to be a key focus for the charity in coming years. Increasingly, FareShare North East is finding that ‘retail ready’ surplus food is becoming less widely available. In some ways this is a positive step, as less finished products are becoming surplus with retailers & wholesales, reducing waste overall, but it does mean that the mix of surplus food that a community group receives from us is changing. Supporting the community in adapting to this changing food landscape will be a key area of focus for FareShare North East in the coming years.

FARESHARE NORTH EAST

REPORT OF THE TRUSTEES (continued)

YEAR ENDED 31 MARCH 2025

To support future sustainability, and to help respond to the changing food mix, FareShare North East intends to:

FareShare North East is keenly aware of the demand in the community in the region, particularly in the Tees Valley area, and will actively seek to deliver more in this area should we be able to secure funding to do so.

Trustees’ responsibilities in relation to the Financial Statements

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 Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are responsible for safeguarding the assets of the charity and, hence, taking reasonable steps for the prevention and detection of fraud and other irregularities.

Independent Examiner

A Resolution to appoint Claire Miller at Debére 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 trustees on 22 January 2026 and signed on its behalf by

Jane Tiplady Chair

FARESHARE NORTH EAST

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF FARESHARE NORTH EAST

YEAR ENDED 31 MARCH 2025

I report on the accounts of the Charitable Incorporated Organisation for the year ended 31 March 2025, which are set out on pages 6 to 21.

Respective Responsibilities of Trustees and Examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (‘the 2011 Act’), and that an independent examiners report is needed.

It is my responsibility to:

Basis of Independent Examiners Report

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all 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, I express no opinion as to whether the accounts present a ‘true and fair view’ and my report is limited to those specific matters set out in the independent examiner’s statement.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

have not been met; or

Claire Miller BA (Hons) FCA Independent Examiner

ON BEHALF OF DEBÉRE LIMITED Chartered Accountants

Swallow House Parsons Road Washington Tyne and Wear NE37 1EZ

Date: 22 January 2026

FARESHARE NORTH EAST

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2025

Note
Unrestricted
Funds
General
£
Income from:
Investment income
4
5,592
Charitable activities
5
397,187
Donations and legacies
29,845
Total income
432,624
Expenditure:
Charitable activities
505,285
Total expenditure
6
505,285

Net incoming / (outgoing)
resources before transfers
8
(72,661)
Transfers
Gross transfers between funds
56,938
Net movement in funds
(15,723)
Total funds brought forward
210,669
Total funds carried forward
194,946
 Unrestricted
Funds
Designated
£
Restricted
Funds
£
–
–
–
290,469
–
–
–
290,469


21,927
296,981
21,927
296,981


(21,927)
(6,512)
(56,938)
–
(78,865)
(6,512)
177,876
143,006
99,011
136,494

 Total
Funds
2025
£
5,592
687,656
29,845
723,093
824,193
824,193
(101,100)
–
(101,100)
531,551
430,451		 Total
Funds
2024
£
5,635
561,185
46,331
613,151
639,858
639,858
(26,707)
–
(26,707)
558,258
531,551


The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derives from continuing activities.

The notes on pages 8 to 21 form part of these financial statements

FARESHARE NORTH EAST Charity Number: 1189901 BALANCE SHEET

31 MARCH 2025

Notes
Fixed assets
Intangible assets
9
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors:amounts falling due within one
year
12
Net current assets
Net assets
Net assets
Funds
Restricted funds
13
Unrestricted funds:
14
Designated funds
General funds
Total charity funds
15		 2025
£
540
215,581
80,198
265,306
345,504
(131,174)
£
216,121
214,330
430,451
136,494
99,011
194,946
430,451
 2024
£
£
1,687
216,336
218,023
39,593
389,465
429,058
(115,530)
313,528
531,551
143,006
177,876
210,669
531,551

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 Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)).

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors/trustees responsibilities:

These financial statements were approved by the Board of Trustees on 22 January 2026 and signed on their behalf by:

Jane Tiplady Chair

The notes on pages 8 to 21 form part of these financial statements

FARESHARE NORTH EAST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

Basis of preparation of financial statements

The financial statements have been prepared in accordance with the charity’s governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)”. 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, Westerhope, Newcastle upon Tyne, Tyne and Wear, NE5 5HH.

.

FareShare 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 stated in the relevant accounting policy.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the levels of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Fund accounting

Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets these criteria is identified to 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 funds 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 measured with reasonable certainty. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Voluntary income received by way of donations and gifts to the charity is included in full in the Statement of Financial Activities when received. Intangible income is not included unless it represents goods or services which would have otherwise been purchased. Gifts in kind are valued and brought in as income and the appropriate expenditure. There were no gifts in kind in the year ended 31 March 2025.

Investment income

Interest is included when receivable by the charity.

FARESHARE NORTH EAST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES (continued)

Expenditure

All expenditure is accounted for on an accruals basis.

Charitable activities include all costs relating to activities where the primary aim is part of the objects of the charity along with the indirect costs. The indirect costs have been apportioned on a reasonable basis.

Governance costs include audit and accountancy fees as well as the Annual General Meeting costs.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease.

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of 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.

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Statement of Financial Position date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must 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 to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

Financial instruments

The charity has elected to apply 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 liabilities qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Pension 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 of Financial Activities.

FARESHARE NORTH EAST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES (continued)

Intangible Assets and Amortisation

Intangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation is calculated so as to write off the cost of an asset, less it’s estimated residual value, over the useful economic life of that asset as follows:

Website development

33% straight line

Tangible Fixed Assets and Depreciation

Tangible fixed assets are capitalised and included at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment 15% reducing balance Motor vehicles 25% reducing balance Leasehold improvements 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 capitalised as an intangible or tangible fixed asset.

Employees are only entitled to carry forward unused holiday entitlement in exceptional circumstances, and only by agreement with management. The cost of any unused entitlement is recognised in the period in which the employee’s services are required.

Critical Accounting Estimates and Areas Of Judgement

Estimates 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 circumstances.

The only significant area of judgement is the useful economic lives of fixed assets, details of which are given above.

FARESHARE NORTH EAST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

2. STATEMENT OF FINANCIAL ACTIVITIES FOR THE PRIOR YEAR

Note
Unrestricted
Funds
General
£
Unrestricted
Funds
Designated
£
Restricted
Funds
£
Income from:
Investment income
4
5,635
–
–
Charitable activities
5
495,707
–
65,478
Donations and legacies
46,331
–
–
Total income
547,673
–
65,478


Expenditure:
Charitable activities
531,495
20,192
88,171
Total expenditure
6
531,495
20,192
88,171



Net incoming / (outgoing)
resources before transfers
8
16,178
(20,192)
(22,693)
Transfers
Gross transfers between funds
(24,397)
24,397
–
Net movement in funds
(8,219)
4,205
(22,693)
Total funds brought forward
218,888
173,671
165,699
Total funds carried forward
210,669
177,876
143,006


 Total
Funds
2024
£
5,635
561,185
46,331
613,151
639,858
639,858
(26,707)
–
(26,707)
558,258
531,551

3. COMPANY STATUS

The company is a charitable incorporated organisation.

4. INVESTMENT INCOME

Unrestricted
Funds
Restricted
Funds
£
£
Bank interest
5,592
–
Interest received on VAT
–
–
5,592
–
 2025
£
5,592
–
5,592
 2024
£
5,634
1
5,635

In the year ended 31 March 2025, income from other trading activities of £5,592 (2024: £5,635 ) was unrestricted and £nil (2024: £nil) was restricted.

FARESHARE NORTH EAST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

5. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted
Funds
Restricted
Funds
£
£
FSUK
–
18,800
Groundwork Tesco
–
–
Ludlow Trust
7,539
–
Fundraising
2,219
–
Membership income – CFM
368,132
–
Community Foundation
–
–
County Durham grant
–
–
Postcode Community Trust
–
–
Kavli Foundation
–
20,000
Garfield Weston
–
41,667
Sundry income
–
–
Profit on disposal of fixed assets
–
–
Esmee Fairbairn
–
50,000
Newcastle Local Community Fund
–
55,011
1961 Charitable Trust
–
10,000
Joicey Trust
1,500
–
Austin & Hope Pilkington
–
500
Chrysalis Trust
–
6,000
William Leach
5,000
–
Tees Valley Community Foundation
2,292
–
The Shears Foundation
5,500
–
Catherine Cookson
–
1,500
Rothley Trust
–
1,200
James Knott Trust
–
30,000
Barbour Foundation
–
33,333
Newcastle Fund
–
22,458
Benevity
5,005
–
397,187
290,469		 2025
£
18,800
–
7,539
2,219
368,132
–
–
–
20,000
41,667
–
–
50,000
55,011
10,000
1,500
500
6,000
5,000
2,292
5,500
1,500
1,200
30,000
33,333
22,458
5,005
687,656		 2024
£
33,972
1,000
51,780
22,776
301,274
10,000
10,000
70,000
59,156
–
427
800
–
–
–
–
–
–
–
–
–
–
–
–
–
–
561,185

In the year ended 31 March 2025, income from charitable activities of £397,187 (2024: £495,707) was unrestricted and £290,469 (2024: £65,478) was restricted.

FARESHARE NORTH EAST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

6. EXPENDITURE

Charitable activities
Governance costs		 Direct
Costs
£
2,258
–
2,258		 Staff
Costs
£
490,516
–
490,516		 Depre-
ciation
Other
Costs
2025
2024
£
£
£
£
53,457
275,062
821,293
637,008
–
2,900
2,900
2,850
53,457
277,962
824,193
639,858

In the year ended 31 March 2025, total expenditure of £527,212 (2024: £551,687) was unrestricted and £296,981 (2024: £88,171) was restricted.

Governance costs are made up as follows:

Independent Examiners fees
Accountancy fees
Other costs are made up as follows:
Rent and utilities
Telephone
Printing and office supplies
Repairs and maintenance
Cleaning and hygiene
Travelling expenses
Motor vehicles expenses
Vehicle hire
Equipment hire
Insurance
Fees 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

FARESHARE NORTH EAST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

7. STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL

The aggregate payroll costs were:

Wages and salaries
Social security costs
Other pension costs
Staff support costs		 2025
£
427,430
33,057
9,093
20,936
490,516
 2024
£
346,758
22,830
6,532
32,943
409,063

No employee (2024: no employee) earned in excess of £60,000 (2024: £60,000) during the year.

Particulars of employees:

The average number of staff employed by the charity during the financial period amounted to:

2025 2024
No No
Total 15 15

Trustees' remuneration and expenses

No remuneration directly or indirectly out of the charity was paid or payable for the current and previous periods to 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.

8. NET INCOMING / OUTGOING RESOURCES

Net incoming/(outgoing) resources are stated after charging:

2025 2024
£ £
Depreciation and amortisation 53,457 60,645
Accountancy and Independent Examiner’s fees 2,900 2,850

FARESHARE NORTH EAST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

9. INTANGIBLE FIXED ASSETS

Website
Development
£
Cost
At 31 March 2024 6,750
Additions –
Disposals –
At 31 March 2025 6,750
Amortisation
At 31 March 2024 5,063
Charge for the year 1,147
Disposals –
At 31 March 2025 6,210
Net book value
At 31 March 2025 540
At 31 March 2024 1,687

10. TANGIBLE FIXED ASSETS

Leasehold
Improvements
Equipment
Motor
Vehicles
£
£
£
Cost
At 31 March 2024
18,770
176,210
167,616
Additions
9,913
2,352
39,290
Disposals
–
–
–
At 31 March 2025
28,683
178,562
206,906

Depreciation
At 31 March 2024
9,879
50,137
86,244
Charge for the year
9,567
19,125
23,618
Disposals
–
–
–
At 31 March 2025
19,446
69,262
109,862

Net book value
At 31 March 2025
9,237
109,300
97,044
At 31 March 2024
8,891
126,073
81,372		 Total
£
362,596
51,555
–
414,151
146,260
52,310
–
198,570
215,581

216,336

All tangible fixed assets are held for charitable purposes.

FARESHARE NORTH EAST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

11. DEBTORS

Trade debtors
VAT and social security
Prepayments and accrued income
REDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accruals and deferred income (see below)
Other creditors
Hire purchase agreements		 2025
£
63,658
8,527
8,013
80,198

2025
£
17,882
107,457
5,835
–
131,174
 2024
£
31,977
4,903
2,713
39,593

2024
£
16,537
54,899
34,929
9,165
115,530

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

The obligations under hire purchase agreements of £nil (2024: £9,165) are secured by way of a fixed charge over the assets acquired.

Breakdown of accruals and deferred income:

31 March 31 March
2024 Receivable Released 2025
£ £ £ £
FSUK 18,800 – (18,800) –
Membership fees 15,362 16,500 (15,362) 16,500
Kavli Trust 20,000 – (20,000) –
Expenses accrued 737 1,129 (737) 1,129
Austin & Hope – 500 – 500
Tees Valley Community Foundation – 208 – 208
Barbour Foundation – 6,667 – 6,667
Garfield Weston – 8,333 – 8,333
Ludlow – 15,078 – 15,078
The Joicey Trust – 500 – 500
Newcastle Fund – 2,042 – 2,042
Graham Bestford – 6,500 – 6,500
Esmee Fairbairn – 50,000 – 50,000
54,899
 107,457 (54,899)
 107,457

The deferrals included in creditors relate to those grants, donations and income specified as relating to a specific period and represent those parts of the grants, donations or income which relate to periods subsequent to the accounting year end and are treated as grants or income in advance, or alternatively where there are conditions which must be fulfilled prior to entitlement or use of the grant or donation by the charity.

FARESHARE NORTH EAST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

13. RESTRICTED FUNDS

For the year ended 31 March 2025:

Balance
31 March
2024
£
Middlesbrough Foundation
27,412
Asda Funding
9,969
FSUK
70,739
WRAP
4,222
Clothworkers
2,674
Kavil Foundation
8,754
Big Lottery
19,236
Esmee Fairbairn
–
Newcastle Local Community
Fund
–
1961 Charitable Trust
–
Austin & Hope Pilkington
–
Chrysalis Trust
–
Catherine Cookson
–
Sir James Knott Trust
–
Garfield Weston
–
Barbour Foundation
–
Newcastle Fund
–
Rothley Trust
–
143,006		 Movement in resources:
Incoming
Outgoing
Transfers to
Unrestricted
Balance
31 March
2025
£
£
£
£
–
(9,458)
–
17,954
–
(1,950)
–
8,019
18,800
(32,251)
–
57,288
–
(911)
–
3,311
–
(668)
–
2,006
20,000
(28,754)
–
–
–
(2,886)
–
16,350
50,000
(30,076)
–
19,924
55,011
(55,011)
–
–
10,000
(833)
–
9,167
500
(500)
–
–
6,000
(6,000)
–
–
1,500
(125)
–
1,375
30,000
(30,000)
–
–
41,667
(41,667)
–
–
33,333
(33,333)
–
–
22,458
(22,458)
–
–
1,200
(100)
–
1,100
290,469
(296,981)
–
136,494

For the year ended 31 March 2024:

Middlesbrough Foundation
Asda Funding
FSUK
WRAP
Clothworkers
Kavli Foundation
Big Lottery		 Movement in resources:
Balance
31 March
2023
Incoming
Outgoing
Transfers to
Unrestricted
Balance
31 March
2024
£
£
£
£
£
31,135
–
(3,723)
–
27,412
12,442
–
(2,473)
–
9,969
90,523
6,322
(26,106)
–
70,739
5,403
–
(1,181)
–
4,222
3,565
–
(891)
–
2,674
–
59,156
(50,402)
–
8,754
22,631
–
(3,395)
–
19,236
165,699
65,478
(88,171)
–
143,006

FARESHARE NORTH EAST NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

13. RESTRICTED FUNDS (continued)

Middlesbrough Foundation

Funding received for the purchase of refrigeration and costs for securing the Middlesbrough site. The capital balance carried forward £17,954 (2024: £27,412).

Asda Funding

Capital funding received for capital improvements. The capital balance carried forward is £8,019 (2024: £9,969).

FSUK

Central van funding received for the purchase of a van. The capital balance carried forward is £57,288 (2024: £70,739).

WRAP

Funding received for various capacity enhancement, including reach truck, PPT, safety barriers, forklift truck charging, handwash and wage costs. The capital balance carried forward is £3,311 (2024: £4,222).

Clothworkers

Funding received for the purchase of a forklift truck. The capital balance carried forward is £2,006 (2024: £2,674).

Kavli Foundation

During 2021-22 funding was awarded from the Kavli Trust for a two-calendar year period. This funding was restricted in the first year to cover six months of core costs for the Tees Food Hub and also to fund a training programme in partnership with Nourish Food School. This training programme is running throughout the two-year programme and will support beneficiaries in gaining valuable cookery life skills. For the second year, in addition to the partnership with Nourish Food School, funding has been awarded to recruit a Training Manager to support an in-house warehouse training programme.

Big Lottery

Funding received for the purchase of a fridge freezer. The capital balance carried forward is £16,350 (2024: £19,236).

Esmee Fairbairn

Part of a three-year project exploring Food Systems Change in the Middlesbrough and wider Tees Valley area, intended to better link people and community groups with local food and explore ways that both local and nationally sourced surplus food can help meet the needs & preferences of the local community.

Newcastle City Council: Local Community Partnership Fund

This funding enabled us to deliver a comprehensive programme of support for our Newcastle based volunteers and aim to get more people from a number of key areas of Newcastle actively involved in volunteering with us.

1961 Charitable Trust

Funding received towards the purchase of a van. The capital balance carried forward is £9,167 (2004: £nil).

Austin & Hope Pilkington

This funding contributed to the running of a series of cookery skills courses delivered in collaboration with Nourish Food School.

Chrysalis Trust

This funding enabled us to purchase equipment for a ‘refill station’ trial project with some of our community groups, helping them to adapt to the changing surplus food landscape.

FARESHARE NORTH EAST NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

13. RESTRICTED FUNDS (continued)

Catherine Cookson

Funding received towards the purchase of a van. The capital balance carried forward is £1,375 (2024: £nil).

Rothley Trust

Funding received towards the purchase of a van. The capital balance carried forward is £1,100 (2024: £nil).

Sir James Knott Trust

Funding award to support core costs relating to our Newcastle operations, both within the Hub itself and to help support the operating costs of our delivery vans based there.

Garfield Weston

Funding award to support core costs relating to our Newcastle operations, both within the Hub itself and to help support the operating costs of our delivery vans based there.

Barbour Foundation

Funding award to support our work to get good to eat surplus food to community groups across South Tyneside, which we deliver every week from our Newcastle Hub.

Newcastle Fund (Newcastle City Council)

Funding awarded to support our work in Newcastle, especially our work with volunteers from the communities surrounding our Hub in Westerhope.

14. UNRESTRICTED FUNDS

For the year ended 31 March 2025:

Balance At Balance
31 Mar At 31 Mar
2024 Incoming Outgoing Transfers 2025
£ £ £ £ £
Designated funds:
Capital fund 72,919 – (21,927) 48,019 99,011
Contingencies for closure 104,957 – – (104,957) –
Total designated funds 177,876 – (21,927) (56,938) 99,011
General funds 210,669 432,624 (505,285) 56,938 194,946
388,545 432,624 (527,212) – 293,957

FARESHARE NORTH EAST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

14. UNRESTRICTED FUNDS (continued)

For the year ended 31 March 2024:

Balance At Balance
31 Mar At 31 Mar
2023 Incoming Outgoing Transfers 2024
£ £ £ £ £
Designated funds:
Capital fund 62,294 – (20,192) 30,817 72,919
Contingencies for closure 111,377 – – (6,420) 104,957
Total designated funds 173,671 – (20,192) 24,397 177,876
General funds 218,888 547,673 (531,495) (24,397) 210,669
392,559 547,673 (551,687) – 388,545

Designated funds are as follows:

Capital fund – This fund includes all of the assets that are not covered by restricted funds less any hire purchase liabilities in relation to the assets.

Contingencies for closure – the balance has been based on the estimated costs of closing the charity.

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

For the year ended 31 March 2025:

Intangible
Tangible
fixed
assets
fixed
assets
£
£
Restricted funds:
Asda Funding
–
8,019
FSUK
–
57,288
WRAP
–
3,311
Clothworkers
–
2,006
Big Lottery
–
16,350
Middlesbrough Foundation
–
17,954
Esmee Fairbairn
–
–
1961 Charitable Trust
–
9,167
Catherine Cookson
–
1,375
Rothey Trust
–
1,100
–
116,570
Designated funds:
Capital fund
–
99,011
General unrestricted funds
540
–
Total funds
540
215,581		 Net
Long
Current
assets
Term
Liabilities
£
£
–
–
–
–
–
–
–
–
–
–
–
–
19,924
–
–
–
–
–
–
–
19,924
–
–
–
194,406
–

214,330
–		 Total
2025
£
8,019
57,288
3,311
2,006
16,350
17,954
19,924
9,167
1,375
1,100
136,494
99,011
194,946
430,451

FARESHARE NORTH EAST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS (continued)

For the year ended 31 March 2024:

Intangible
Tangible
Net
Long
fixed
assets
fixed
assets
Current
assets
Term
Liabilities
£
£
£
£
Restricted funds:
Asda Funding
–
9,969
–
–
FSUK
–
70,739
–
–
WRAP
–
4,222
–
–
Clothworkers
–
2,674
–
–
Big Lottery
–
19,236
–
–
Middlesbrough Foundation
–
27,412
–
–
Kavli Foundation
–
–
8,754
–
–
134,252
8,754
–
Designated funds:
Capital fund
–
82,084
(9,165)
–
Contingencies for closure
–
–
104,957
–
General unrestricted funds
1,687
–
208,982
–
Total funds
1,687
216,336
313,528
–		 Total
2024
£
9,969
70,739
4,222
2,674
19,236
27,412
8,754
143,006
72,919
104,957
210,669
531,551

16. CONTROLLING PARTY

In the opinion of the trustees the charity is not controlled by any single party.

17. TAXATION

The charity is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or Section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.