Caseware UK (AP4) 2022.0.179 2022.0.179 Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-31105224552101212161853998685322022-04-01falseNo description of principal activity002023-03-31 7609479 2022-04-01 2023-03-31 7609479 2021-04-01 2022-03-31 7609479 2023-03-31 7609479 2022-03-31 7609479 2022-04-01 7609479 2021-04-01 7609479 c:CompanySecretary1 2022-04-01 2023-03-31 7609479 c:RegisteredOffice 2022-04-01 2023-03-31 7609479 d:MotorVehicles 2022-04-01 2023-03-31 7609479 d:MotorVehicles 2023-03-31 7609479 d:MotorVehicles 2022-03-31 7609479 d:FurnitureFittings 2022-04-01 2023-03-31 7609479 d:FurnitureFittings 2023-03-31 7609479 d:FurnitureFittings 2022-03-31 7609479 d:OfficeEquipment 2022-04-01 2023-03-31 7609479 d:OfficeEquipment 2023-03-31 7609479 d:OfficeEquipment 2022-03-31 7609479 d:CurrentFinancialInstruments 2023-03-31 7609479 d:CurrentFinancialInstruments 2022-03-31 7609479 c:FRS102 2022-04-01 2023-03-31 7609479 c:IndependentExaminationCharity 2022-04-01 2023-03-31 7609479 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 7609479 b:Trustee1 2022-04-01 2023-03-31 7609479 b:Trustee2 2022-04-01 2023-03-31 7609479 b:Trustee3 2022-04-01 2023-03-31 7609479 b:Trustee4 2022-04-01 2023-03-31 7609479 b:UnrestrictedFundsGeneral 2022-04-01 2023-03-31 7609479 b:UnrestrictedFundsGeneral 2021-04-01 2022-03-31 7609479 b:RestrictedIncomeFunds 2022-04-01 2023-03-31 7609479 b:UnrestrictedFundsGeneral 2023-03-31 7609479 b:UnrestrictedFundsGeneral 2022-03-31 7609479 b:RestrictedIncomeFunds 2023-03-31 7609479 b:RestrictedIncomeFunds 2022-03-31 7609479 b:Activity1 2022-04-01 2023-03-31 7609479 b:Activity2 2022-04-01 2023-03-31 7609479 b:Activity3 2022-04-01 2023-03-31 7609479 b:FundraisingEvents b:Activity1 b:TotalUnrestrictedFunds 2022-04-01 2023-03-31 7609479 b:FundraisingEvents b:Activity1 2022-04-01 2023-03-31 7609479 b:FundraisingEvents b:Activity1 2021-04-01 2022-03-31 7609479 b:FundraisingEvents b:Activity2 b:TotalUnrestrictedFunds 2022-04-01 2023-03-31 7609479 b:FundraisingEvents b:Activity2 2022-04-01 2023-03-31 7609479 b:FundraisingEvents b:Activity2 2021-04-01 2022-03-31 7609479 b:FundraisingEvents b:Activity3 b:TotalUnrestrictedFunds 2022-04-01 2023-03-31 7609479 b:FundraisingEvents b:Activity3 2022-04-01 2023-03-31 7609479 b:FundraisingEvents b:Activity3 2021-04-01 2022-03-31 7609479 b:FundraisingEvents b:TotalUnrestrictedFunds 2022-04-01 2023-03-31 7609479 b:FundraisingEvents b:TotalUnrestrictedFunds 2021-04-01 2022-03-31 7609479 b:FundraisingEvents 2022-04-01 2023-03-31 7609479 b:FundraisingEvents 2021-04-01 2022-03-31 7609479 b:TotalUnrestrictedFunds 2023-03-31 7609479 b:TotalUnrestrictedFunds 2022-03-31 7609479 b:TotalRestrictedIncomeFunds 2023-03-31 7609479 b:TotalRestrictedIncomeFunds 2022-03-31 7609479 c:FullAccounts 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 7609479
Charity number: 1143610










FURNIHELP MID SUSSEX
(A company limited by guarantee)







UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
FURNIHELP MID SUSSEX
 
(A company limited by guarantee)
 

CONTENTS



Page
Reference and administrative details of the company, its Trustees and advisers
1
Trustees' report
2 - 5
Independent examiner's report
6
Statement of financial activities
7
Balance sheet
8 - 9
Notes to the financial statements
10 - 20

 
FURNIHELP MID SUSSEX
 
(A company limited by guarantee)
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2023


Trustees
Mr N J Gershon, Trustee
Mr P W Jones, Trustee
Mr R J Toomer, Trustee
Mr T J Webster, Trustee

Company registered number
7609479

Charity registered number
1143610

Registered office
Unit C3 Horsted Keynes Industrial Estate
Horsted Keynes
Haywards Heath
West Sussex
RH17 7BE

Company secretary
Mr R J Toomer

Accountants
GMBC LLP
Chartered Tax Advisers and Accountants
Marine House
151 Western Road
Haywards Heath
West Sussex
RH16 3LH

Bankers
HSBC Bank PLC
40 South Road
Haywards Heath
West Sussex
RH16 4LA

Page 1

 
FURNIHELP MID SUSSEX
 
(A company limited by guarantee)
 
  
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2023

The Trustees present their annual report together with the financial statements of Furnihelp Mid Sussex for the  1 April 2022 to 31 March 2023The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 
 

Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
 

Objectives and activities
 

a. Policies and objectives
 

The charity’s primary objective is to recycle good quality furniture and household goods from those wishing to donate items to those in need. We operate solely within the Mid-Sussex District and our clients are almost always referred to us by social services, NHS agencies, Housing Associations or similar.
We aim through our work to reduce the amount of furniture and household goods being sent to landfill thus helping meet local targets for recycling.
 

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
 

b. Activities undertaken to achieve objectives
 

We continue to work closely with local agencies to meet the needs of those referred to us. We advertise through leaflets and occasional articles in local journals which help maintain a steady stream of donated furniture and household effects.
We continue to seek volunteers for all roles within the charity including at Trustee level. 
 

c. Volunteers
 

The Chairman and other Trustees would like to express their deepest gratitude to all the volunteers whose work for the charity enables it to function.





 
 

Page 2

 
FURNIHELP MID SUSSEX
 
(A company limited by guarantee)
 
Achievements and performance
 

a. Review of activities
 

The year was affected by our premises move which effectively prevented us from undertaking much during July and August. The new premises, whilst on the same site, provide a better working environment for volunteers but are slightly less convenient for furniture storage. The year was also affected by the loss of one of our drivers through illness and consequently a more intermittent availability of van crews. Nevertheless, we managed to deliver items to 158 households and collect from 121. We believe the latter figure was somewhat reduced by the worsening economic climate but also by having to be more selective in what was collected due to storage limitations.
We were fortunate in gaining one new volunteer during the year which has strengthened the van crew team.
 

b. Fundraising activities and income generation
 

Funding from West Sussex CC through the Local Assistance Network (LAN) remained constant at £7,500 and we continued to sell unwanted stock through auctions until the closure of the local auction house in December 2022 and sell scrap metal to a local dealer. We seek modest cash donations from each household donating goods in order to defray the costs of collection and claim gift aid on donations where this is possible.
Our funding position was helped by accepting an offer of one year’s rent free accommodation as a quid pro quo for moving as the move was at the landlord’s request.
The District Council has yet to respond to our request for discussions on future funding.
 

Financial review
 

a. Going concern
 

After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the next year. 
The new lease, consequent on the premises move runs until 31 August 2027, however, it includes an annual break clause allowing termination with four months’ notice. The Trustees have decided that if there is no reasonable certainty of funding to enable the continuation of the lease obligations then notice of termination will be given on 1 May 2024 to terminate the lease at 31 August 2024 and to take steps in that intervening period to close and wind up the charity. However the current reserves are sufficient to allow the adoption of the going concern basis in preparing the financial statements.
 

b. Principal funding
 

During the year our principal recurrent funding source was the LAN.
 

Page 3

 
FURNIHELP MID SUSSEX
 
(A company limited by guarantee)
 
Structure, governance and management
 

a. Constitution
 

Furnihelp Mid Sussex is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. It has been granted exemption from use of the word "limited" and is a registered charity number 1143610.
 

b. Methods of appointment or election of Trustees
 

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
 

c. Organisational structure and decision-making policies
 

Policy decisions are made by the Board at meetings held on a quarterly basis. Day to day decisions are made by Trustees/Directors on an individual basis according to their area of responsibility and in consultation with colleagues. 
During the year Trevor Webster took over the role of Treasurer from Richard Toomer, who continues as Company Secretary.
 

Plans for future periods
 

In the year to 31 March 2024, we intend to maintain our profile locally by taking a stall at Lindfield Village Day and any appropriate similar events held elsewhere in Mid Sussex District.
We will continue to ensure that the relevant agencies in Mid-Sussex are aware of our work and the services we offer either via internet or personal communications.
Whilst our cash reserve is sufficient to plan for another deficit year, fundraising will have to commence towards the second half of the year in order to give certainty to the charity’s immediate future. We hope that the District Council will take the view that we are an essential service and provide a modest element of funding accordingly. Beyond that we would hope to raise additional funds from established charitable sources as we have managed to do in earlier years.
In the event that no significant additional funding is secured from the District Council or elsewhere the Trustees have agreed that the charity will close down by 31 August 2024.
A key priority for the year to 31 March 2024 is to identify and appoint at least one additional Trustee.
 

Members' liability
 

The Members of the company guarantee to contribute an amount not exceeding £1 to the assets of the company in the event of winding up.
 

Page 4

 
FURNIHELP MID SUSSEX
 
(A company limited by guarantee)
 
Statement of Trustees' responsibilities
 

The Trustees (who are also the directors of the company for the purposes of company law) 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).


Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.


The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


 

Approved by order of the members of the board of Trustees on 12 July 2023 and signed on their behalf by:
 





Mr N J Gershon
Trustee
Page 5

 
FURNIHELP MID SUSSEX

(A company limited by guarantee)
 
 
 
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2023

Independent examiner's report to the Trustees of Furnihelp Mid Sussex ('the company')

 
I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 March 2023.

Responsibilities and basis of report


As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

2.
the accounts do not accord with those records; or

3.
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

4.
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].


I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.




Signed:      Dated: 12 July 2023

Tina Pearce     

GMBC LLP
Chartered Tax Advisers and Accountants
Marine House
151 Western Road
Haywards Heath
West Sussex
RH16 3LH
Page 6

 
FURNIHELP MID SUSSEX
 
(A company limited by guarantee)

 
 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2023


Unrestricted funds
2023
Restricted funds
2023
Total
funds
2023
Total
funds
2022
Note
        £
        £
        £
        £

Income from:







Donations and legacies

3

7,500

-

7,500

8,506
 
Other trading activities

4

3,761

-

3,761

6,234
 
Investments

5

101

-

101

4
 
Total income
11,362
-
11,362
14,744
Expenditure on:







Charitable activities

6

18,628

203

18,831

25,017
 
Total expenditure
18,628
203
18,831
25,017

Net movement in funds
  
(7,266)
(203)
(7,469)
(10,273)

Reconciliation of funds:

  





Total funds brought forward

  

34,265

809

35,075

45,348
 
Net movement in funds

  

(7,266)

(203)

(7,469)

(10,273)
 
Total funds carried forward
  
26,999
606
27,605
35,075

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

The notes on pages 10 to 20 form part of these financial statements.

Page 7

 
FURNIHELP MID SUSSEX
 
(A company limited by guarantee)
REGISTERED NUMBER: 7609479

 
 
BALANCE SHEET
AS AT 31 MARCH 2023


2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 10 
1,522
1,389

  
1,522
1,389

Current assets
  

Debtors
 11 
1,128
9,379

Cash at bank and in hand
  
25,363
24,696

  
26,491
34,075

Creditors: amounts falling due within one year
 12 
(408)
(390)

Net current assets 
  
 
 
26,083
 
 
33,685

Total assets less current liabilities
  
27,605
35,074

Total net assets 
  
27,605
35,074


Charity funds
  

Restricted funds
 14 
606
809

Unrestricted funds
 14 
26,999
34,265

Total funds
  
27,605
35,074

Page 8

 
FURNIHELP MID SUSSEX
 
(A company limited by guarantee)
REGISTERED NUMBER: 7609479

 
 
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 12 July 2023 and signed on their behalf by:




Mr T J Webster
(Trustee)

The notes on pages 10 to 20 form part of these financial statements.

Page 9

 
FURNIHELP MID SUSSEX

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Furnihelp is a private charitable company, limited by guarantee, domiciled in England and Wales, registration number 7609479. The registered charity number is 1143610. The address of both the registered office and the principal place of business is Unit C3 Horsted Keynes Industrial Estate, Horsted Keynes, Haywards Heath, West Sussex, RH17 7BE.


2.Accounting policies

  
2.1

Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Furnihelp Mid Sussex 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.

  
2.2

Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

  
2.3

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. 
Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

Page 10

 
FURNIHELP MID SUSSEX

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

  
2.4

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

 
2.5

Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. 

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. .

Depreciation is provided on the following bases:

Motor vehicles
-
25% reducing balance basis
Fixtures and fittings
-
100% in year of acquisition
Office equipment
-
25% reducing balance basis

  
2.6

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.

  
2.7

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.


2.8

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet 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 company 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 in the Statement of financial activities as a finance cost.

Page 11

 
FURNIHELP MID SUSSEX

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

  
2.9

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

  
2.10

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 12

 
FURNIHELP MID SUSSEX

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.

Income from donations and legacies




Unrestricted funds
2023
Total
funds
2023
Total
funds
2022
        £
        £
        £
Donations





Barratt Developers

-

-

1,000
 
Donations

-

-

6
 
Grants




 
West Sussex Local Assistance Network

7,500

7,500

7,500
 
Total 2023


7,500
7,500
8,506
Total 2022


8,506
8,506


4.

Income from other trading activities

Income from charitable activities




Unrestricted funds
2023
Total
funds
2023
Total
funds
2022
        £
        £
        £




Sale of unwanted stock

705

705

1,784
 
Donations re collections and deliveries

2,347

2,347

4,299
 
Gift aid re collections and deliveries

709

709

151
 
Total 2023


3,761
3,761
6,234
Total 2022


6,234
6,234

Page 13

 
FURNIHELP MID SUSSEX

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.

Investment income




Unrestricted funds
2023
Total
funds
2023
Total
funds
2022
        £
        £
        £




Interest received

101

101

4
 
Total 2022


4
4



6.

Analysis of expenditure on charitable activities


Summary by fund type





Unrestricted funds
2023
Restricted funds
2023
Total
2023
Total
2022
        £
        £
        £
        £





Direct costs

18,628

203

18,831

25,017
 
Total 2022


24,747
270
25,017


7.

Analysis of expenditure by activities





Activities undertaken directly
2023
Support costs
2023
Total
funds
2023
Total
funds
2022
        £
        £
        £
        £





Recycling furniture and household goods

15,426

3,404

18,830

25,018
 
Total 2022


22,622
2,396
25,018


Page 14

 
FURNIHELP MID SUSSEX

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.Analysis of expenditure by activities (continued)

Analysis of direct costs




Recycling furniture and household goods
2023
Total
funds
2023
Total
funds
2022
        £
        £
        £




Depreciation

1,180

1,180

463
 
Property rent - store

8,400

8,400

12,600
 
Cost of deliveries and collections

1,805

1,805

4,110
 
Storage insurance

175

175

234
 
Water rates - store

165

165

421
 
Van expenses

3,701

3,701

3,577
 
Goods purchased for distribution

-

-

1,217
 
Total 2023


15,426
15,426
22,622
Total 2022


22,622
22,622

Page 15

 
FURNIHELP MID SUSSEX

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.Analysis of expenditure by activities (continued)

Analysis of support costs




Recycling furniture and household goods
2023
Total
funds
2023
Total
funds
2022
        £
        £
        £




Office telephone and communication

800

800

371
 
Computer costs

75

75

-
 
Insurance

507

507

574
 
Printing and stationery

45

45

-
 
Professional fees

-

-

40
 
Bank charges

61

61

15
 
Sundry expenses

220

220

188
 
Light and heat

695

695

614
 
Maintenance other

560

560

184
 
Accountancy

426

426

390
 
Trustees expenses reimbursed

15

15

20
 
Total 2023


3,404
3,404
2,396
Total 2022


2,396
2,396


8.

Independent examiner's remuneration

2023
2022
£
£

Fees payable to the company's independent examiner for the independent examination of the company's annual accounts
426
390


9.


Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL).

During the year ended 31 March 2023, expenses totalling £15 were reimbursed or paid directly to 1 Trustee (2022 - £20). The expenses related to travel costs.

Page 16

 
FURNIHELP MID SUSSEX

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


Tangible fixed assets




Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£


Cost or valuation

At 1 April 2022
14,993
8,935
1,535
25,463

Additions
-
672
642
1,314


At 31 March 2023

14,993
9,607
2,177
26,777


Depreciation

At 1 April 2022
13,868
8,935
1,272
24,075

Charge for the year
282
672
226
1,180


At 31 March 2023

14,150
9,607
1,498
25,255


Net book value


At 31 March 2023
843
-
679
1,522


At 31 March 2022
1,125
-
264
1,389


11.



Debtors


2023
2022
£
£


Due within one year

Prepayments and accrued income
1,128
9,379

1,128
9,379


12.



Creditors: Amounts falling due within one year


2023
2022
£
£


Accruals and deferred income
408
390

Page 17

 
FURNIHELP MID SUSSEX

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

13.



Financial instruments


2023
2022
£
£

Financial assets

Financial assets measured at amortised cost
25,363
24,696

2023
2022
£
£

Financial liabilities

Financial liabilities measured at amortised cost
(408)
(390)

Financial assets measured at amortised cost comprise cash at bank and in hand.

Financial liabilities measured at amortised cost comprise accruals.

Page 18

 
FURNIHELP MID SUSSEX

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

14.

Statement of funds


Statement of funds - current year

Balance at 1 April 2022
£
Income
£
Expenditure
£
Balance at 31 March 2023
£

Unrestricted funds





General Fund

34,265

11,362

(18,628)

26,999
 

Restricted funds






Van replacement

809

-

(203)

606
 

Total of funds


35,074
11,362
(18,831)
27,605

Aim and use of restricted funds
The van replacement fund was set up in a previous year. The van purchase cost has been included in fixed assets and the cost incurred during the year relates to depreciation.



Statement of funds - prior year

Balance at
1 April 2021
£
Income
£
Expenditure
£
Balance at
31 March 2022
£

Unrestricted funds





General Fund

44,268

14,744

(24,747)

34,265
 


Restricted funds






Van replacement

1,080

-

(271)

809
 


Total of funds


45,348
14,744
(25,018)
35,074

Page 19

 
FURNIHELP MID SUSSEX

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

15.

Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted funds
2023
Restricted funds
2023
Total
funds
2023
        £
        £
        £



Tangible fixed assets

916

606

1,522

Current assets

26,491

-

26,491

Creditors due within one year

(408)

-

(408)

Total 


26,999
606
27,605



Analysis of net assets between funds - prior year

Unrestricted funds
2022
Restricted funds
2022
Total
funds
2022
        £
        £
        £



Tangible fixed assets

580

809

1,389

Current assets

34,077

-

34,077

Creditors due within one year

(390)

-

(390)

Total 

34,267
809
35,076

Page 20