IRIS Accounts Production v23.3.0.418 Other Company accounts True false Pounds 1.4.22 31.3.23 31.3.23 FY FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044007182022-03-31044007182023-03-31044007182022-04-012023-03-31044007182021-03-31044007182021-04-012022-03-31044007182022-03-3104400718ns11:Originalns0:CharitableCompanyLimitedByGuarantee2022-04-012023-03-3104400718ns11:Original2022-04-012023-03-3104400718ns15:PoundSterlingns11:Original2022-04-012023-03-3104400718ns11:Original2022-03-3104400718ns11:Original2023-03-3104400718ns11:Originalns11:FRS1022022-04-012023-03-3104400718ns11:IndependentExaminationCharityns11:Original2022-04-012023-03-3104400718ns11:Originalns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-04-012023-03-3104400718ns11:Originalns11:FullAccounts2022-04-012023-03-3104400718ns11:Originalns11:CharitiesSORP2022-04-012023-03-3104400718ns11:Originalns16:EnglandWales2022-04-012023-03-3104400718ns11:Originalns11:RegisteredOffice2022-04-012023-03-3104400718ns11:Originalns0:Trustee12022-04-012023-03-3104400718ns11:Originalns0:Trustee32022-04-012023-03-3104400718ns11:Originalns0:Trustee42022-04-012023-03-3104400718ns11:Originalns0:Trustee22022-04-012023-03-3104400718ns11:Originalns0:Trustee52022-04-012023-03-3104400718ns11:Originalns0:Trustee62022-04-012023-03-3104400718ns0:Trustee7ns11:Original2022-04-012023-03-3104400718ns0:Trustee8ns11:Original2022-04-012023-03-3104400718ns11:Originalns0:Trustee92022-04-012023-03-3104400718ns11:Originalns11:CompanySecretary12022-04-012023-03-3104400718ns11:Originalns0:TotalUnrestrictedFunds2022-04-012023-03-3104400718ns11:Originalns0:TotalRestrictedIncomeFunds2022-04-012023-03-3104400718ns11:Original2021-04-012022-03-3104400718ns11:Originalns0:TotalUnrestrictedFunds2022-03-3104400718ns11:Originalns0:TotalRestrictedIncomeFunds2022-03-3104400718ns11:Original2021-03-3104400718ns11:Originalns0:TotalUnrestrictedFunds2023-03-3104400718ns11:Originalns0:TotalRestrictedIncomeFunds2023-03-3104400718ns11:Original2022-03-3104400718ns11:Originalns0:TotalUnrestrictedFundsns10:WithinOneYear2023-03-3104400718ns11:Originalns0:TotalRestrictedIncomeFundsns10:WithinOneYear2023-03-3104400718ns11:Originalns10:WithinOneYear2023-03-3104400718ns11:Originalns10:WithinOneYear2022-03-3104400718ns11:Originalns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-04-012023-03-3104400718ns10:PlantMachineryns11:Original2022-04-012023-03-3104400718ns11:Originalns10:MotorVehicles2022-04-012023-03-3104400718ns11:Original22022-04-012023-03-3104400718ns11:Original12022-04-012023-03-3104400718ns11:Original12021-04-012022-03-3104400718ns11:Originalns10:OwnedAssets2022-04-012023-03-3104400718ns11:Originalns10:OwnedAssets2021-04-012022-03-3104400718ns11:Originalns0:TotalUnrestrictedFunds2021-04-012022-03-3104400718ns11:Originalns0:TotalRestrictedIncomeFunds2021-04-012022-03-3104400718ns11:Originalns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-03-3104400718ns10:PlantMachineryns11:Original2022-03-3104400718ns11:Originalns10:FurnitureFittings2022-03-3104400718ns11:Originalns10:MotorVehicles2022-03-3104400718ns11:Originalns10:FurnitureFittings2022-04-012023-03-3104400718ns11:Originalns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-03-3104400718ns10:PlantMachineryns11:Original2023-03-3104400718ns11:Originalns10:FurnitureFittings2023-03-3104400718ns11:Originalns10:MotorVehicles2023-03-3104400718ns11:Originalns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-03-3104400718ns10:PlantMachineryns11:Original2022-03-3104400718ns11:Originalns10:FurnitureFittings2022-03-3104400718ns11:Originalns10:MotorVehicles2022-03-31
REGISTERED COMPANY NUMBER: 04400718 (England and Wales)
REGISTERED CHARITY NUMBER: 1097505















Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Homemakers Community Recycling

Homemakers Community Recycling






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Report of the Trustees 1 to 4

Independent Examiner's Report 5

Statement of Financial Activities 6

Balance Sheet 7 to 8

Notes to the Financial Statements 9 to 14

Homemakers Community Recycling (Registered number: 04400718)

Report of the Trustees
for the Year Ended 31 March 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. 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 AND ACTIVITIES
Objectives and aims
The Charity's objectives are twofold:

1. To advance public education in the economic, social and environmental benefits of re-use and recycling, the reduction of pollution, the protection of the environment and the promotion of research into the same, together with the publication of the useful results of that research.

2.. The conservation and protection of the (physical and natural) environment the promotion of sustainable waste management services in accordance with the Best Practicable Environment Option (BPEO).

(Here sustainable waste management practices include minimization , minimization of pollution and harm from waste, re-use of waste, recycling of waste, waste recovery activities and clearing of pollutants from contaminated waste and BPEO shall have the meaning given to it in the White Paper "Waste Strategy 2000 for England & Wales")

FINANCIAL REVIEW
Financial position
During the period the charity undertook planned repairs at its waste processing site costing in excess of £57,000. This coupled with a reduction in income resulted in the deficit shown within the Statement of Financial Activities.
The trustees are satisfied with the level of reserved at the period end date.


Homemakers Community Recycling (Registered number: 04400718)

Report of the Trustees
for the Year Ended 31 March 2023


FINANCIAL REVIEW
Reserves policy
Any business including a social enterprise with charitable objectives like Homemakers needs to maintain adequate cash reserves to reduce the risk of being unable to pay staff and other operating costs in the event of significant short term reduction in income or other adverse business circumstances.

Homemakers income streams are diverse and quite resistant to economic recession as recent experience has shown. However with its small core of highly experienced staff, Homemakers is particularly vulnerable to the loss of one or more of those staff. Another risk is legal costs associated with a claim not covered by Homemakers' insurance.

Funds described as Restricted or Designated in the accounts must be excluded as they come from grants awarded for a particular purpose or from a decision by the Trustees to allocate reserves to meet a particular requirement and thus cannot be used to fund day to day expenditure. Our free reserves arising from trading and grants not tied to specific expenditure can be counted for this purpose.

Now that Homemakers has acquired its own premises in the former Workhouse Chapel, the biggest threat to Homemakers has been relieved. Nevertheless these premises are small and inadequate for the long planned expansion in activity and accredited training. Additional space for storage was needed and for disassembly of goods not suitable for re-use into components for recycling. In this respect the land that has been acquired within a quarter mile of The Old Chapel and its continued development as a Recycling unit, which contributes to our plans in the short term. Purchase rather than leasing would be the preferred option and it is expected to fund further investment from a mixture of grants, loans and our own funds.

The Charity has established the following designated reserves:

1. Security Reserve.

These are required to ensure Homemakers is able to cover its debts in the case of catastrophic circumstances which necessitate wind-up of the business and closure of the charity.

Sums are required to cover staff redundancy, legal and accounting costs. These are more than covered by the value of the building (conservatively £150,000) and vehicles etc (£10,000) and the further land with development potential. Free bank balances are in the region of £260,000 so no reserve is required but in the event of a forced wind up it would take some time to realise the value of the property which could delay redundancy payments. Hence its is recommended that a minimum reserve of £10,000 is maintained.

2. Working Capital Reserve.

The reserve is a buffer in case of significant downturn in trading income either severe over a short period due to disruption of activity or a longer term more modest downturn eg due to competition or economic recession. A reserve equivalent to two months expenditure is considered reasonable for the purpose.

At current levels of activity this would amount to approximately £40,000.

3.Capital Reserve.

This has been established to assist with the cost of replacing a vehicle for the organisation.


Homemakers Community Recycling (Registered number: 04400718)

Report of the Trustees
for the Year Ended 31 March 2023


FINANCIAL REVIEW
Comments from the chair

Review of Activities

We have completed our thirteen years in our premises during which time our showroom continued to be upgraded to provide an attractive retail area and working conditions for staff.

Our recycling site on the gasworks ground is 70% complete following the connection of the main sewer and resurfacing of the yard, further investment will be needed to finish the final stages of the development which will include replacing the toilet block/kitchen and to build a new workshop/storeroom.

I am also delighted to announce that in November 2022 Homemakers was awarded a new 5-year Bulky household waste contract from MCC. This again is very welcome news for the Charity and will allow us to continue to serve the people of Monmouthshire which has helped secure the long-term future of the organization.

I would like to thank our customers for their continued support, the staff of Homemakers for their professionalism and hard work, and my other board members for their work and commitment to Homemakers.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organizational structure
A board of Trustees meets regularly to administer the Charity. One third of the Trustees must retire each year by rotation and can be reappointed. The minimum number of trustees is four and the maximum is sixteen. It is confirmed that the trustees had regard to the guidance issued by the Charity Commission on Public Benefit.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04400718 (England and Wales)

Registered Charity number
1097505

Registered office
The Chapel
The Old Workhouse, Hatherleigh Place
Union Road West
Abergavenny
Momnouthshire
NP7 7RL

Trustees
Dr S Bilsborough
R G Harris
G Harris (resigned 2.11.22)
Councillor M J Hickman
Ms P Llewellyn (resigned 2.11.22)
N F H Miller
Ms M D Price
Councillor N W H Tatam
Rev Dr C R Walters


Homemakers Community Recycling (Registered number: 04400718)

Report of the Trustees
for the Year Ended 31 March 2023


REFERENCE AND ADMINISTRATIVE DETAILS
Company Secretary
R H M Davies

Independent Examiner
Ashmole & Co.
Chartered Certified Accountants
The Old School
The Quay
Carmarthen
Carmarthenshire
SA31 3LN

Approved by order of the board of trustees on 23 October 2023 and signed on its behalf by:





Dr S Bilsborough - Trustee

Independent Examiner's Report to the Trustees of
Homemakers Community Recycling

Independent examiner's report to the trustees of Homemakers Community Recycling ('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 charity's trustees of the Company (and also 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 your charity's accounts as 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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

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.








D.M.T Gould B.A (Hons), A.C.A, F.C.C.A

Ashmole & Co.
Chartered Certified Accountants
The Old School
The Quay
Carmarthen
Carmarthenshire
SA31 3LN

9 November 2023

Homemakers Community Recycling

Statement of Financial Activities
for the Year Ended 31 March 2023

31.3.23 31.3.22
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities
Recycling 2,000 - 2,000 -

Other trading activities 2 247,014 - 247,014 277,835
Investment income 3 179 - 179 2
Other income 2,114 - 2,114 2,241
Total 251,307 - 251,307 280,078

EXPENDITURE ON
Charitable activities
Recycling 223,426 - 223,426 228,920

NET INCOME 27,881 - 27,881 51,158


RECONCILIATION OF FUNDS
Total funds brought forward 612,129 - 612,129 560,971

TOTAL FUNDS CARRIED FORWARD 640,010 - 640,010 612,129

Homemakers Community Recycling (Registered number: 04400718)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 307,448 - 307,448 269,293

CURRENT ASSETS
Debtors 9 17,225 - 17,225 10,075
Cash at bank and in hand 321,877 - 321,877 342,527
339,102 - 339,102 352,602

CREDITORS
Amounts falling due within one year 10 (6,540 ) - (6,540 ) (9,766 )

NET CURRENT ASSETS 332,562 - 332,562 342,836

TOTAL ASSETS LESS CURRENT
LIABILITIES

640,010

-

640,010

612,129

NET ASSETS 640,010 - 640,010 612,129
FUNDS 11
Unrestricted funds 640,010 612,129
TOTAL FUNDS 640,010 612,129

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Homemakers Community Recycling (Registered number: 04400718)

Balance Sheet - continued
31 March 2023

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


The financial statements were approved by the Board of Trustees and authorised for issue on 23 October 2023 and were signed on its behalf by:





S Bilsborough - Trustee





M J Hickman - Trustee

Homemakers Community Recycling

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.


Homemakers Community Recycling

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. OTHER TRADING ACTIVITIES
31.3.23 31.3.22
£    £   
Sale of donated goods 81,104 89,218
Collection charges 95,418 88,674
MCC tonnage 52,092 59,586
E-Bay contribution 18,400 40,357
247,014 277,835

3. INVESTMENT INCOME
31.3.23 31.3.22
£    £   
Deposit account interest 179 2

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.23 31.3.22
£    £   
Depreciation - owned assets 19,669 21,619

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.


6. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.23 31.3.22
Recycling work 5 5
Administration 2 2
7 7

No employees received emoluments in excess of £60,000.


Homemakers Community Recycling

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM

Other trading activities 277,835 - 277,835
Investment income 2 - 2
Other income 2,241 - 2,241
Total 280,078 - 280,078

EXPENDITURE ON
Charitable activities
Recycling 228,920 - 228,920

NET INCOME 51,158 - 51,158


RECONCILIATION OF FUNDS
Total funds brought forward 560,971 - 560,971

TOTAL FUNDS CARRIED FORWARD 612,129 - 612,129

8. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 273,653 208,597 23,457 87,294 593,001
Additions 57,312 512 - - 57,824
At 31 March 2023 330,965 209,109 23,457 87,294 650,825
DEPRECIATION
At 1 April 2022 68,944 153,939 23,457 77,368 323,708
Charge for year 6,619 11,065 - 1,985 19,669
At 31 March 2023 75,563 165,004 23,457 79,353 343,377
NET BOOK VALUE
At 31 March 2023 255,402 44,105 - 7,941 307,448
At 31 March 2022 204,709 54,658 - 9,926 269,293


Homemakers Community Recycling

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 5,594 5,075
Other debtors 3,290 5,000
VAT 8,341 -
17,225 10,075

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
VAT - 3,287
Other creditors 6,540 6,479
6,540 9,766

11. MOVEMENT IN FUNDS
Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 552,129 27,881 580,010
Security reserve 10,000 - 10,000
Working Capital Reserve 40,000 - 40,000
Capital reserve 10,000 - 10,000
612,129 27,881 640,010
TOTAL FUNDS 612,129 27,881 640,010

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 251,307 (223,426 ) 27,881

TOTAL FUNDS 251,307 (223,426 ) 27,881


Homemakers Community Recycling

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.4.21 in funds 31.3.22
£    £    £   
Unrestricted funds
General fund 500,971 51,158 552,129
Security reserve 10,000 - 10,000
Working Capital Reserve 40,000 - 40,000
Capital reserve 10,000 - 10,000
560,971 51,158 612,129
TOTAL FUNDS 560,971 51,158 612,129

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 280,078 (228,920 ) 51,158

TOTAL FUNDS 280,078 (228,920 ) 51,158

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.21 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 500,971 79,039 580,010
Security reserve 10,000 - 10,000
Working Capital Reserve 40,000 - 40,000
Capital reserve 10,000 - 10,000
560,971 79,039 640,010
TOTAL FUNDS 560,971 79,039 640,010

Homemakers Community Recycling

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 531,385 (452,346 ) 79,039

TOTAL FUNDS 531,385 (452,346 ) 79,039

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

13. POST BALANCE SHEET EVENTS

Since the year end the charity has been in discussion with H.M Revenue & Customs regarding the VAT treatment applied to income received from Monmouthshire County Council. This matter is still ongoing, and at the date of this report the outcome of such discussions can not be accurately determined.