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# FOOD AND DRINK NORTH EAST COMMUNITY INTEREST COMPANY

## Company limited by guarantee

## Company Registration Number:
12258422 (England and Wales)

## Unaudited statutory accounts for the year ended 31 March 2026

## Period of accounts

## Start date: 1 April 2025

## End date: 31 March 2026

# FOOD AND DRINK NORTH EAST COMMUNITY INTEREST COMPANY

## Contents of the Financial Statements

for the Period Ended 31 March 2026

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |
Community Interest Report |

# FOOD AND DRINK NORTH EAST COMMUNITY INTEREST COMPANY

Directors' report period ended 31 March 2026

The directors present their report with the financial statements of the company for the period ended 31 March 2026

Principal activities of the company

The principal activity of the company was that of a food and drink association.

Directors

The directors shown below have held office during the whole of the period from
1 April 2025 to 31 March 2026

Kellie Campbell
Christopher Jewitt
Susan Justice
Kieran McBride
Ian Pilkington
Dot Smith
Ian Wright
Desmond Kennedy
Dan Prince

The director shown below has held office during the period of
25 November 2025 to 31 March 2026

Stephen Wheaton

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
21 May 2026

And signed on behalf of the board by:
Name: Ian Pilkington
Status: Director

# FOOD AND DRINK NORTH EAST COMMUNITY INTEREST COMPANY

## Profit And Loss Account

for the Period Ended 31 March 2026

| 2026 | 2025
--- | --- | ---
| £ | £
Turnover: | 79,238 | 126,410
Cost of sales: | ( 30,992 ) | ( 62,236 )
Gross profit(or loss): | 48,246 | 64,174
Administrative expenses: | ( 57,030 ) | ( 70,454 )
Operating profit(or loss): | (8,784) | (6,280)
Interest payable and similar charges: | ( 142 ) | ( 89 )
Profit(or loss) before tax: | (8,926) | (6,369)
Profit(or loss) for the financial year: | (8,926) | (6,369)

# FOOD AND DRINK NORTH EAST COMMUNITY INTEREST COMPANY

## Balance sheet

As at 31 March 2026

| Notes | 2026 | 2025
--- | --- | --- | ---
|  | £ | £
Current assets
Debtors: | 3 | 2,951 | 11,146
Cash at bank and in hand: |  | 2,211 | 19,830
Total current assets: |  | 5,162 | 30,976
Prepayments and accrued income: |  |  | 898
Creditors: amounts falling due within one year: | 4 | ( 5,580 ) | ( 22,593 )
Net current assets (liabilities): |  | (418) | 9,281
Total assets less current liabilities: |  | (418) | 9,281
Accruals and deferred income: |  |  | ( 773 )
Total net assets (liabilities): |  | (418) | 8,508
Members' funds
Profit and loss account: |  | (418) | 8,508
Total members' funds: |  | ( 418) | 8,508

The notes form part of these financial statements

# FOOD AND DRINK NORTH EAST COMMUNITY INTEREST COMPANY

## Balance sheet statements

For the year ending 31 March 2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 10 June 2026
and signed on behalf of the board by:

Name: Ian Pilkington
Status: Director

The notes form part of these financial statements

# FOOD AND DRINK NORTH EAST COMMUNITY INTEREST COMPANY

## Notes to the Financial Statements

for the Period Ended 31 March 2026

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Income is included in the financial statements as they become receivable or due.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings Computers 20% straight line 25% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

  Other accounting policies

  Accounting convention These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below. Income and expenditure Income and expenses are included in the financial statements as they become receivable or due. Expenses include VAT where applicable as the company cannot reclaim it. 1.3 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings Computers 20% straight line 25% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit. 1.4 Cash and cash equivalents Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.5 Financial instruments The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Accounting policies Basic financial assets (Continued) Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 1.6 Taxation The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit. 1.7 Employee benefits The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.8 Leases Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed. 1.9 Foreign exchange Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

# FOOD AND DRINK NORTH EAST COMMUNITY INTEREST COMPANY

## Notes to the Financial Statements

for the Period Ended 31 March 2026

- ## 2. Employees

  | 2026 | 2025
  --- | --- | ---
  Average number of employees during the period | 9 | 10

# FOOD AND DRINK NORTH EAST COMMUNITY INTEREST COMPANY

## Notes to the Financial Statements

for the Period Ended 31 March 2026

## 3. Debtors

| 2026 | 2025
--- | --- | ---
| £ | £
Trade debtors | 534 | 11,146
Prepayments and accrued income | 2,417 |
Total | 2,951 | 11,146

# FOOD AND DRINK NORTH EAST COMMUNITY INTEREST COMPANY

## Notes to the Financial Statements

for the Period Ended 31 March 2026

## 4. Creditors: amounts falling due within one year note

| 2026 | 2025
--- | --- | ---
| £ | £
Trade creditors |  | 16,319
Taxation and social security |  | 2,530
Other creditors | 5,580 | 3,744
Total | 5,580 | 22,593

# COMMUNITY INTEREST ANNUAL REPORT

### FOOD AND DRINK NORTH EAST COMMUNITY INTEREST COMPANY

### Company Number: 12258422 (England and Wales)

### Year Ending: 31 March 2026

Company activities and impact

FADNE continued to support the sector by providing mixed business support and membership services to organisations within the community. These included completing the roll out of our Durham Productivity program and repeating our successful Beyond the Kitchen Program for a cohort of SME’s in Northumberland. In early 2025, FADNE were engaged by Northumberland County Council to consult with businesses on a launch of a new quality and provenance marque, Taste of Northumberland. From consultation and feedback, through to scheme design, development and production of film and photographic media, which culminated in a successful launch event in October 2025. This work coincided with a new appointment to the board as an executive director. Steven Wheaton joined FADNE and played a key role in the ToN project. FADNE also helped to shape a food and drink sector specific support program as part of the Rural Growth Program, and this will form the basis of the bulk of our work from April 2026 onwards, and the employment of staff.

Consultation with stakeholders

Consultation with stakeholders occurred in the shaping and formation of the Taste of Northumberland marque. Given the turbulent times and pressures on the sector, FADNE also secured feedback from a survey and presented the “State of the Sector” report at one of the Room with A View events. These events are curated to discuss a topic and engage in debate with sector businesses and regional/national bodies who can use feedback to leverage conversations and seek influence. Chris Jewitt (CEO) worked with other partners on consultation and preparation of the “Region of Gastronomy” bid for the region.

Directors' remuneration

In 2025/26, no directors received direct salary or remuneration, instead booking their time in on a project by project basis and receiving consultancy fees as a result

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
21 May 2026

And signed on behalf of the board by:
Name: Ian Pilkington
Status: Director