REGISTERED COMPANY NUMBER.. 02587766 (EiglDd and W•lu) IEEGlmRED CHARITY NUMBER: IIX+29M REPORT OFTHE TRUSTEES AND UNAifDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2011 SOFA IA COMPANV LJMITED BY GUATEE) 11111111111 •AC1539KP 2011212023 ANIES HOUSE
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SOFA coNrEfmoFTHEFINANCJAL sfATEMEIITS FOR THE YEAR ENDED 31 MARCH 2023 RtfeM¢¢ and AdmInistri Ddails Chairnn'$ Rep)rt Rert oFthe Tnthes 3to7 JndepEndEM Examinrfs Rcwwt Sutrm¢N of Finan¢i•l AclivitKs ameM of Fithathci•l Posiii No$ w the Firn¢la1 &4*mEnL5 1110 14 Dttsikd ofFiNn¢1 A¢iiviiies 15kn16
SOFA REFERENCEAPIDADMINISfRATIVE DAlls FOR THE YFAR ENDED JI MARCH 2•23 Mts V BT()kelTnLQtt) Mrs EC IM{vchir> B ITty{fltI COMPANVSECRETARY JSFPatkn REGisfERED OFF1CE 31 CknrueSir¢ IEII IDY REGisfEREDCObfPANYNIIMMER 025a7706(En8W JndWak5) REGISTEREDCHARITYNUMBER I(9 INDEPEPIDENf EXAMINER TCP IGBI 10 The TrA NG2 lsS Park NoTtinglw IG2 IAE STAFF T(wWarren. W¥thV¢1¢lemanJ(bIAEIl¢EO Julio PathO- AdrnmEAl1( MaKa8ulJthnt ACIll CEO SlewTu. PÉThblr Wi¥rKtTe#tr Utyuhart. Ftn¥K¢ AdrninJ5tta SlM Na8di- Admthi#NioTr A551W thv]dH2rthin8trAI.Warthc4HtNaTh Assis Kej W.MAY.C1¢•r 7TrctsolYeakp.BlntS$cuN¢jnTsery1rrc¢th.Fo )x250. D(Hth. SkehtsJ< WN86. P¥¥e I
SOFA CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 NIARCH IW April 2022 really did styrtwith a slwk to fanuliex with r ener8y price cjp rising by 54% ahd iflnaiion irt¢reisih8 tts its hiBhesi level n¢t 1991 Sofiwas r¢adYb1Jr{d f radifficult year and while the governmcoi had jusi wirhdrlwn ITS Itst financial help with the c1051ng of th¢ Living WLlh Covid Stfttegy longer term impacts ofthe ¢ftxrE¢ncy deftnitely linBered oft. The levels of do1105 Continu th¢ir d¢clin¢ &% tht OnOmIC sityation PTovcd ever fflor¢ challeii¥iJl8artd predjctrd w Covid in¥>rovemeni ID saks failed )Wrialise. The chatity h•d already rtdu¢e41 its exnd1e rnany >wvs. staff budge¢s hadbeem squeez¢d both in numb¢rs athj r¢ward5. ¢ven our volunteer expe8¢$ bad b¢¢n Teduc¢d ADJW vi5itin8 Sofa would realise thal we do noi waste any ofour resources on luxuries. We tried alttmalivt SOUT¢es of IttrnE •nd w¢rc fomLna to be •bk to offer some $loTxg¢ spce to a ch8Jity tttht Itso colle¢tinE fwbitur¢ forrrry by their trDant Th¢ overall krnpxr of th¢s¢ 11£8¢ W&% th by theelld of the yeaT+)ur exF¢r¥b]reof£196.g23 exceeded our irt¢omt of £157.952. In8 adefi¢i¢ of E38.871. Ourevet4etrtt%ing reser hadto be used its balance OUT occourjts atyj the fi]DJrelDokcd ¥ery bleak as th¢ ¢lJiry was on tb¢ ¥¢rg¢ of having to seriously wsidcr its ¢IosuTe. Fortunawly. the ¢nd of the financial year gaye a glirnmer of IiBhl that we w¢re able io apply to The Bi8 Lllery for a CDvid Reeovcry Gr8nr. Although w¢ ere still waiti08 for4 detision, if the wni is ¥Ydilbl¢ ii would help guar¢ the Charity for 1*0 the av1&bilIty of conwlt%Ky to ¢xplore ncw stSliCtyT¢5 and woy5 Qf orwAttng. Alihough our financ1 5irnatiDn ks the ftclin8ofBloom•d despthkTh¢ythe ¢h•Tity li Still fumciionin8 and does have Jwc for Ehe fubjrt. We continue tr w)ssess aC0mmlty that stsppons us •nd Is committed tOOLwobitttives of CurIng ¢h¢r¢ is eff¢¢¢iv¢ r¢ws¢ of the wDdd5 tkaruTrl resouwby bo¢h thjnating aftd purthasing i¢m5 We we able to help familics in byproviding lowcort diSc(XU fvrniftwe. We h4vc a trxm ofdedicattd volunteets who 8J¥c ibeir time and lif¢ skills that rnay thrive. L&stly Sofi h&% a Small who SUSEaiA our very existent¢ every day bytheirknd thatbj Si8ned by. Brian Gtattger ChairpeTh)n 13 Decemb¢r 2023
SOFA (REGISTERED NUMBER: 02587766) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 The trusiees wkn are atso diTe¢tors of Iht¢h¥ity fort PWFW)stsoftheComw4nsArt 2(#16. prtsehttheir repDrt with Éh¢ finaThrial 51¥lcm¢nls ofthe charity forthe yearendtd 31 March 2023. The trusttts have adopted thc PTtsvi$ioll5of Ac£ouniing and R¢p)ning by Chariii¢s.' Stst¢wrfnr ofRecottUDended Practice applicab]e to charitie5 prtwing in ¥WTd¥r¢¢¢ with th¢ Financi Reportin8 Standard appl¢cabk in the UK and Republi¢ ofiT¢land (FRS I02}{¢fftaiv¢ l janu20151. nlLIECTIVES AND ACTIVITIES Obj¢eiive$ and Attivilies The ¢harbtsble objeaives forwhi¢hthe compgny iseablIXdart #•tsd inthe Appendix ththe Ani¢lesofAsso¢iation. Thtobp¢ts tolllinutd 10 io rtlleve. either generally or iDdividualty, petson's r¢sid¢Di in L£i¢eswshiTe ¥nd ¢oniiguous gJea lkna ofBenefit) who are in tondilitins of need. hardship OT disir¢ss atising thenfmm by. l. The provisiDn of firrbiture OtrhoUId acre5sorie5 CalcULd kn rEth]cethe ned, h¥dship ordistre ofsuch PErsons' and 2. The provision OfyolI01ItraI1wPn4ImktxP¢rrrf¢ forunempJoy¢dwsons volwJ¢rai SOFA. In¢reasin8ly impomrf for lh¢ ¢harity ¢nvironm¢nthl rok ITh div¢rtin8 i¢ms fmm ldrill a1 ertsuringthtir use. To meet ihe charitsble objethlves the ¢ompany OFenS • fumiiiire reuse s¢rvi¢¢ tsr8e 10 ¢lRnts on low irtcfjmt. The tompany al offers training. support ¥tyJ ¢xpeT1ee to vol1ttrsQrSOFA. Wt have Ytferred to the 8uidance¢ontairtd in the Charity Conmnl55n'5 general gutdallcc on public bEnefit w4Jell rEviewin&ourobieL%ivts atwj p]anned future activitie5. ACHIEVEMENT AND PERFORMANCE Statr Sofa's paid ernployee5 are the trnd•ll0n ofour day to d•y optmion have 8iven rnY hou ¢xtr¥ w th¢ ¢hartry •$ 11 a5 ¢ontribwing ih¢ high¢ kv¢l of ¢0MmimN. Volunleerj (heithe year stsrted with 8 volunteers •)d Yeuuited fvrther 16 Voluntee We ended theyearwith 15 arfive volunteus. We Teceived the following feedback from or£ ofour voluntCU5.' "My name 15 Ayodck Abraham Okanlawx> l umr stkTht 5twlying at University of Derby but resides in knu8hlx)n>ugh. Whik on My Msc program. I decided to bc a volunteer with SofL My exen¢£ with Sofa w5 &ES0me. I was privileged to Mvrk th Mr Julio PAcheco wljo tutored me on Mthat Customer xr¥ices i5 all thiut. cOmmitnt ai Sofa moiivad me and made me io be more committed to the l wrked in the cwmcr seTViCt 5ccrion a3 l $81[Y giv¢ h8nds Mth¢rb n¢¢d arise to lo1 or om04d it¢ms. li i% trTthY to no. Ihai my manager MT Julio often asktd me ab)ui my area of intreA and wtheTe I wll like 10 work and he advi%d me on how 10 go it and the nt¢essary traitting I red to &).Fk Ms evttt tt to pay part of Tny trdinin8 fees. I will like to posit IhaL al the Stren of my manage5 adviK I pul in forthe tsJinin8 and afterth¢ training am happy lo IEt you know that I hav¢ gorten ay)b I dEsir¢d to (ki and th¢ ¢xp¢ri¢rrft l •4¥ir¢d in Sof• r¢•1 h¢lp¢d mi. Thanks." Refer0 Customejy •ttd Rtkrrl Atencits A totsl of1,730 individualoTdcrsof fiYnitUT¢ and appli¢$ wEre sold ropcopk had b¢en r¢ferr¢dto usas b¢ing in g¢nuin¢ n¢¢d ofr¢dy¢¢d.pri¢¢ furn1Tht. Ihis 1¢psents a 7J% ¢OMpar io la4 y¢•s fiyr¢s with a iotsl of 4.360 individua] Ikms. ACHIEVEMENT AND PERFORMANCE Although anyone tan shop with u5 on¢ of OUT k¢y charitable aims 15 to relKve wyety by supplying individuA15 and households in need with furniture. whits and other hO$thOld Tms ai affordabk prices. We OPEAie a scheme thai ¢nabl¢s agen¢its io assess those they tonsider to be ih need and then to refer them w SOFA where they can thet) buy from 5 al g dis¢oynL ¢YTr¢ntly 20 valid fof 12 months. Thugh this refcTral pri>¢e5$ w¢ u)ntinue to 511pFxirl ¥ wide ranBe of irwJivbdua15 XTKI farnilie5 in need who are in contact with statutory gnd voluntary resources iThcluding homeless households Fwpl¢ b¢ing r¢settled from hos*15, h05Pit¥is and pri50T refue¢¢s and ntw migrants. p¢opl¢ flttin8 domestkc violtnce and oth¢r vulrabIC ptopk. Page 3
SOFA (RECISTERED NUMBER: 02587706) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2•23 ACHIEVEMEPff AND PERFORNIANCE ICo#titt•tdl We recci t810[ refe1$ ftom • ThWber of key hxal agen¢ie4 m05t notably NeiBtknurtKMKI Housing and The Bridge Proiecl. arharity th¥1 offtTSSUPPOrt •nd advice w knmek&s and vulnerably housed PEopk in Charnd. Other aBencie5 which rtfer ye8ularly in¢lud¢ Chilthn y{8 Peopk's servi Social Care and Healih. CharnwY>od Itxlependenl Youth Adiim. Health Visir4 HousingAsyKiation4 HumanRiEhtsand F4MlitiE5clnWY>0d. Citizen'sAdvirt. Enquirtarvj Sure Start. Iti to tht Gttttral P¥blit A total of 1300 ikms oFfvrnitur¢ arLd appliances wtTe )Id to the general public at sensible pri¢ffj with income from these sales being used to furthtr OUT ¢hoTit•ble aims. Thi$ w85 an increase of 59% iieJTh% ]d tompaTed with previous year. The saje of goDd5 to the general publi¢ is tKtW ¢Ss¢Thtio1 iThwm¢ to ¢n$Y the of SOFA and is of coursc furthETin8 reuse by which we G#fL redu¢e the impaci of ¢lima change. PaEe 4
SOFA IRECISTERED NUMBÉR.. •2517766)
REPORT OFTHE TRu¥fEES
FOR THE YEARENDEDJI MARCH 2•23
ACHtEVEMENT AND PERFORMANCE ICM¢ityxd)
D•o4l•Dns Dd Divtraion Tr L#dfill
We Brnfully received help from 690 ho]Kld$ and ¢olle¢t¢d 2.380 ims or rurniiiJT¢ •nd appli•n¢¢s durin8 thii Or and In
estimat¢ofi fvrth¢r 1960 Tyusabk iteiiL%wertdorbated tsurT. ThisyeTMediverted 116tOfbsof fijmilute ftom landfill representing
• 8.40h In¢a$¢ from th¢ previo% year due ro the col]eaion aThJ sales in¢re&%e of lar8er iltms and the help of our onlint sales th
¢li¢k ind ¢oll¢rf. This is a signifiunt hvlp to the tarzcts gt for ISteI1TC County Council ahd A tonsidernble IM)ost to the
enviTOtLTnent.
IThpT•v¢ments to Service, OperntioDl Syittmi Ad PrtAersb•
During the course of tht ytrdr we..
Made improvem¢nis in¢ludin8 htaJ¢h & s•f¢iy m¢a5ures to all show
Damaged aiid ini¥sinB publicity display boards have ien replaced alongside Nottingham Rd
Applied foi a National Lottery Gr•ni
Office doows h•v¢ fvnh¢r t¢¢n in re8•rd5 to th¢ll and GDPR cornplianre.
Pi8¢on Ind droppin85 renM>ved fTom ouretss tutthel.
Orgoisalioos that hvt ipporttd SOFA
Ourthanks80 (othe following a8¢nrri¢% or8aniwioDs individu5 that knvesupportcd our work durtDg the ¢4>urseof the
The Nional iA)llery Fund
Let¢eeTshirt County CotsrKil Was¢eMw#Kni
Lti¢¢5t¢r Citycouncil
Charnwood Borough Council Environrthtsl Servitys
Voluntary Atlioth Li(tstrrshi
Cuttkfish
FJNAF4CIAL REVIEW
Financial 5111•
The Stsiement of Fkrbancial Acti11t5 ftsT the year shows defi¢i¢ of £38.87112022.. d¢fi¢ii of£31.4311.
Tothl IneomuJ8 Rcsources in thc year dc( lo £157.95212022.. £168J17). prirnarily due to • decTea5e in COTonaviru5 SUPPDrt from
£18.122 in 2022 10 £nil in 2023. The ehari¢abk InM¢ Iw •llu•lly in¢wsed in th ¢xpEdion5 fol]oMryng ihe OPEning up
after th¢ pand¢m¢¢ ro £153.068 (2022.. £145 J47)_
The Balance Sh¢¢i Sho th¥1 SOFA bas wr¢wictrd fvThtsof£73.904 of whith £50.11)O is d¢siRn8t¢d for 155¢1 improvemenL
Rtliiohshlp$ #d PrIne1) Fufidifvt Sottrtts
Our principle fllnding Source Tel[in5 the sale of hDuthid itcm5 dirtctty kn the public s¢abJknry bodte5 such a5 ixicesteTshir¢
County Council. and ticeAer City Council via the l£ittster5hire & RuilaThd Ree NetsM)Tk as wtll as Charnd District Coun¢il.
The Charity w0S in parnjership %vith a range of]oc4] org3nisations ttL4ny of wthich 3Te refetral agents lo us for individuals in need.
SOFA is 4150 a m¢mb¢rofFRN whi¢h isth¢ Mi*)n•l 5UpP)norganii0n forT¢us¢ ¢h•ritK&
Investment pDli
SOFA (REGISTERED NUMBER: 12587766) REPORT OF THETRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 FIP4ANCAAL REVIEW_ IC•liDv Rw¢rye¥ poli Thr TTUSttes ha ¢ons¢dered the requirement for frtt [tSer¥es{h those re#r1¢d funds Nit wv¢st¢d in tsDgiblt dtsignai¢d for 4x¢ifi¢ purreS QTotherwi5e ujmmiited). Tht Tnth¢s have teviewtd their p)licy and al PTes¢Mth¢ balan of SerVeS again rey)ur¢e$ exFtnded SI six months operaiirbg which 15 thc minunum Ch•rity Con¥nissw Y¢comnKn The Tnthes wdl Y¢•s5ess rerves litY oh att bast FUTURE PLANS In the coming year we aim to-. * Obtsin a Big LA)Mery Covid Rttovery • Use consulThis ro rcviewoui SiruLlure aftd ffi)tkin8 pixii¢es * Rtfr¢sh and reorganize OUT 5aks fl¢)trT * ljwk io ux our resouTCCS collaknrdiively with Oth I¢ ¢kniie5 • Fyrth¢r e¥plor¢ can Te(hJ(e our 0[1n8 ¢0#$ STRUCfURE. COVERNANCE AND MANAGEMENT GoverDing dotMmeNt Th¢ ¢hariiy iscontrolled by 1tsBovcrningdLum2l adtedofw •nd ¢0151 limitedmpany limited byguaraniee. &8dcfined by th¢ Compfyni¢s Act 2006. Th¢ organi5aiion is 4 charitabk cornpzny limited by guaTallttt. Tht ¢ompatby was ortg1[Y established under a MernTandum of As50¢iaiionthaie51•bl¢sh¢dthe0bj¢¢ andTK>wer50fthE ¢hariiabk tompany andgov¢rnanc¢tynd¢r itsArticksofA5sociation. Revised and upjaitd Arti¢l¢s of Associalwin wrre adopted by speciil rtsolution of iht COMpY ott 23rd January 2013. In the event of the tompany b¢in8 wund up. members t¢quired w ¢onErii¥J an thM¢x¢e¢din8 £1. Rttruiimttht •Ad ?11t (+fnew trMsttt5 Thc directors of the company are also charity tnF51ee5 for the pur5 of Charity law atwj undef ih¢ comp•Dy'$ Articles known &8 mrmkTsof the Board of Truse5. Underthe requiTemEnr5 Of the errand and Ani¢ksof Ass110 the m¢mb¢TS of the Board ofTruses e ele¢d annually at the AGM by the existing mrrnber5 of SOFA. All mtmbews •bk w rminAte onc to the Th¢ Twslee5 ackrnwdedge th the rt¢ruylmtni. s¢k¢iion •nd subxqu¢Di of new Truses is An opprtunity 10 improve the ¢ff¢¢tivcne55ofSOFA. Reuuilrnenl ofTNstees wbll be fo¢us¢d onthox wilh the ri8ht skn11s cxwience from • Tanse of ages aDd experietKc wcial a1 e(4)nDmi¢ Or8aTrisational struttu The Board ofTnL5s is ekcted annlty by members of SOFA the ctal Meeting. Nomin10 ¢8n b¢ pul fon¥ard by any Nmber for ¥pp)intm¢ni the Board of Trustees. The Tru5tttsart a5dirtdws of SOFA. Our joitht Chi¢f ExtC4JiiY¢ oifi¢¢rs nsible for iht day-104•y org¥nItiOn d¢lbv¢ry of5erYice Truwe5 arc provided wi¢h )CleI lnf0nn#n th ensure th th¢y rTrd th¢ ¢haritable Purp)$ of SOFA the ¢UTreni fiE)anci•l p)silion znd the key CUTrenl iss4]es. New Truskts will bt giv thc g0MIng teient x(¥>unts rttent miiiiiies of Tru5¢ m¢¢tings. Resourff$ will bE mo(k available Meet tr4iiiing needs orTr
SOFA17tEGISTERED NUMBER: 025877661 REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 23 STRucfuRE COVERJ4ANCE Af4D MANACEMENT Rlsk mngemtni The trustees have a duty lo ideniify and T¢viewtheri$ksw th¢Ch"1Y ÈO tL)sweapprOpr onltols areith pla¢¢ ¢0 provide rt•sonblc aSsur¢t ¥82iny fraud aodtrnv. TheTrUS¢S actively r¢viewthe m•j4irrisksthai th¢ chArityftSd fornwlteartserves enableth¢ charity have 5ufficieni rc80w¢es in th¢ eveni of ¥dv¢r5e coDdiiions. ThE¢hprity prrpare5 kfb ann1 bd¥el and str8ic plan. Perforn •88inst budgu is moniror¢d by re8ular reporting. A sysrn of internal fiwilll (Mtroj is ir¢ pl¥c¢ to d¥y-lthY fin•ll¢¥ltrwLs¥tions. Tr ¢haisty kn in place appr(4yriAie policiuof insurabl¢ risks. This report ht8 betn PTepued in atLa)rdw wih Ihesp¢¢i81 provisN)n3of fart 15 ufthe G)wi¢s Act 2(#)6 reting ro sm•ll Apptovcd byordu of thE to*of tru5t¢esrKL 13 De(¢mbu2023 ond signtllon behalf by. B D Granger- T
INDEPENDENf EXAMINER'S REPORT TO THE TRUSTELS OF SOFA (REGISTERED NUMBER.. •25177661 I report to thE clwity's trUMCts my ofth¢ x¢ow)ts of the Comwy foi the >¢ar ended 31 Marth 2023 wthi¢h set oui on p¥g¢5 9 to 14. Respothsiblliiits •nd ocrtpirt Asthe¢haritys ¢ru5¢¢¢50fthe Comp4ny (4nd4150 itsdirecrora forthe Pu¢S0r¢0ffjpxTry 13wI you are responsibk forihprtF•ration of IhE ac£(H]nts in x¢ordor¢¢ ryth tht reqUirttS orth¢ Companits Ath 20[6 (th¢ 2Tr)6 A¢n. I r¢port in resped ofmy exwniwiott of your ¢hiWs x¢OW ¥s cied wider s¢¢tYJn 145 oftht Th%Tities Ad 201 I Cihe 2011 A¢1? and Èn carying out my ex8rninatitin I hknt folknd ihe Dirt(lL$gryen by the Chvitycommifsion uThdEfsection 145{51 {b)of lh¢ AM. IndeptMdt•t eyamiitr's Atattm¢n¢ I have ¢ompl¢t¢d my examinaiion. I confirni that no mthers knve to my attention tn C4XLDtttior¢ with th¢ examination 8iviikK me ause to btli¢vt thai In any material rtw¢t." at¢ount¢n8 r¢¢ords wrre kept ift f¢sp¢a of the CornpaTry45 wuired by section 386 of thc 216 A¢i.' OT the attounts ¢k) iv)1 a¢¢oTd wth those Te¢ords: or the accounts do noi ¢omply ryth ihe a¢¢ouniing r¢qutr¢nnts of seaion 396 of th¢ 2006 Act other than aJ)y Tequiremeni ih Ihc accounts give a tvjt arKI fair VLEW which i noi 8 m•¢t¢r considtrtd a$ of •th indender11 examinalion. or the a¢coutStshave noi b¢th PTepared in a¢11¢¢ lib the nthtyJsand prty)¢ipksof th SiatemtniofRe¢ommended Pra¢ii¢e for xcountin8 and Tep)rting by <harilith ¥FPl1¢(¢ w charilies preparing their a¢wunts in accordance the Finarbcfdl Kcp)rting Standard appliuble in thE UK ThJ Re11¢ of Ire]and (FRS 1021. I have no corKeThs and have torne acr055 no other matitT5 in conCtion wryih the examination to hich attertion slLould bc drai in this rerA)n in order kn enable a proper utthrstanding of the actountsio be rtarhed. TCP (GB) GTDUP Ltd 10 The Triangle NG2 Business Pk NoNin8ham Nottin8hamshiTe NG2 IAE 13 December 2023 Page 8
SOFA STATEMETrn OF FINANCIAL ACTIVITIES ONCORPORATWNG AN 114COME A>4D EXPENDJTURE ACCOUND FOR THE YEAR ET4DED 31 MARCH 1•23 31 MaT¢h 20 Unrestri¢d funds 31 March 202 Utwer¢¢ted Notrs Ir4COMI E AND ENDOWMETrS FROM Ch•ritabl¢ Aclivitirs Sale offurniture and ekctrital 8wds Miseellaneous Inrn¢ 153,068 4.884 145,347 4.848 Grthis and oiher iDcoTh Jnvtslmeni in¢om¢ 18,122 T11 157.952 168.317 EXPENDITURE ON Cbari¢able ¥¢tivitie5 Sale of hJmlftJ and c¢111(41 E $p)rt Costs DepTeci¥iiort GovErii¥rte costs 131.499 59.737 1.024 4.563 133,277 58.769 3,403 4299 Total 196,823 199.748 NET {8XPENDITUREI 138.823) RECONCVLIATIOP4 OF FUNDS Tot•1 fuDd$ bvoyhi forK•wd 112.775 114206 TOTAL FUNDS CARRJED FORIVARD 112775 P88t 9
SOFA (REGISTERED NUMBER: 112587760) STATEMENTOF FINANCIAL POSITION ATJI MARCH 2023 31 Mch 2023 31 2022 Total fund4 fvnds FIXED ASSETS Tan8iblt asscts 2.573 3397 CURRENT ASSETS Stock$ Debiors Ca51L ar bank and hand 6.428 33.147 9.391 36,054 89,836 127,435 CREDITORS Amounts fallin8 wthin ont ye4r {18,SOS) {18.2571 r4Ef CURRENT ASSETS 109.178 TOTAL ASSÉTS LESS CURRENT LIABILITIES 73.901 12.775 NET ASSETS 112775 FUNDS Unrestricled funds io 112775 TOTAL FUNDS 112775 The £knariwblt ¢ompany is ehliiled w ¢x¢mpiion fiom 4udii S¢¢iion 477 of th¢ Companie5 AU 2006 for ihe year ended 31 MATch 2023. The rntmbets have not rt4uCd the comwy w ob¢•MI an of for the year enthii 31 PAaT¢h 2023 in Srte with Stttioo 476 of the ConwaDi¢S Aci 2(6. The bwiet$ 8¢knowled8e their rcsponsibili¢ie5 for (al enguring thai the Ltharitabk eornpthy keeps r¢uJrds comply Sectk)ns 386 387 of the co1C5 Ac¢ 2006 and k¥eparing financial swemenis whi¢b Riwe a truexnd firvi¢wof of affaits of thetknritsbletompany as •t the end of exh fJnanciJl yearartd of its surplus ordeficii foreaeh f1artl yw in •¢COTdanc¢ with th¢ r¢quircmert150f Stttion5 394 and 395 and which otherprise comply With the re4Dircrr¢Ns of th¢ CompaThi A¢t 2006 re]ating w fingncial starements. $0 far appli¢8bk w the ¢haritsblecomp•ny. (b) Tbese fiJwi¢i41 SiaE¢m¢DLY have pteparrd io accordètw with the provisions •pplithle w ¢h•ritsble conyany"5 yjbjcct w the small companies ttwmt. The fin•n¢ial s¢•i¢m¢nts wert 4ppov¢d by tht Bowo of TceS on l 2023 and WUE Si8th¢d on its behf by.. B D Granger-Tft*C P¥geJO
SOFA NOTES TOTHE FINANCIAL KfATEMENTS FOR THE YEAR ENDED 31 MARCH 202J ACCOIIPUING POLICIES B•5 of preparint tb¢ fina•til ststeThEuts The fin8D¢ial 51alemcDts of the charitsb]e cornpJny. whith 1$ 3 public betfil eniity under FR8 102, have wtpared lli accoTdan¢¢ th ihe Chrili¢s SORP (fRS I02)'ActountiThg aftd Reportirbg byClwitie5'. Statement of Recommended Practic spplieable fo charities preparing their 8ccounts in accordan( ith th¢ Ftn&ncial Repjrttng Srandard 8pplic8ble in the UK and Republi¢ of Ireland IFRS 102) (effe¢iiv¢ l January 20151,. FU4Th¢i R¢rtle Standard 102 Th¢ Financial ReFxbrting Standard appli¢able i) Ihe UK and Republic of Tl•no d the Compnits Aci 2006. Th¢ financial sthi¢m¢nts have b¢¢n pr¢p8red under the historicd (4)nveniion. ID¢ome All incoming reUrceS 4r¢ uJclLwkd thr Stameht ofFin•Kial Adiviiies charity iseniiiltd to in¢om¢ and the onI caD b¢ qwnlifd with T¢wnabk ¥1. Tht follDwnB syecific poli¢s are applicd k particular ¢gorits of income." - Voluntary ijKomE is re¢eived by of dortation5 and gT•nts i5 iTrcluthd in fiLII in the Stat¢meTht of Financial A¢ii7ri1ies when Teteivable. Grants. whert enti1m¢t is wt condiiiona] on the delivery of a SPEcifJc F¢rforn)arKe by the charity sre re£o8nised the ¢harity becomes uncortdiiionally eniitltd 10 thc yanL - Incornin8 resources from 8rants. 10 Frf0rn SF¢¢ifK d¢ll¥bI we a¢¢OUn for 95 th¢ ¢hwiEy earns Ihe right 10 ¢onsiderdiKJn by its perfomJan¢¢. - The valuE Of strvi¢¢s provided by volurtltets has b¢en in¢luthd in these - Invesrment income is incl4 whcn F¢iivable. Eiptmdilurt ExrRnditu is rtCO8ni5ed on an ¢nAis basis as * liability is iticuritd C05E5 of ReThcTrling fund5 o>mpri¥ethewstsasso¢id withknrtll)gvojWY and thewstsof fvndr8ising purps¢s. Chwitable attivittts exFendiEufE ¢oAs in(1ed by the in the d¢liv¢ry of its 1VIll¢S gnd 5trvic¢s for its knefLciarie Governance ¢osts u)¢lude tknse costs a$s0¢d with OX¢lin8 the conAityiion¥l •nd stawtory requirements of¢h¢ charity include the professional fecs and otherrosts lirtkd to th¢ leS1¢ mam8¢mcffj of th¢ ¢hariry. Allocatioll appthrtiollmeDt • ¢05ts AII C05ES are allocated belmeen the expendilurt ¢ate8oriesof the Stskmtrtt of Financial A¢iivitie$ on a b&si$ 10 Tefl¢¢i thc use f tbe re>Urre. Costs rela18 TO a partitular Xlivity •r¢ allocattd dirtdly. Tr r¢sour¢¢s ¢xpended in the opeN¢on of the Charity'scentrdl servi(es system and centrdl office NYhi¢ht4Thnol be dirEcily alk)ttd aTt 4pwrtned betwttrbthe ¢xpcnditUT¢ ¢8tegories on the b&sbs of the ethrnakd of iimE involved in ca¢h arlivity. T4Dgibk fiitd 955ttS D¢pTecialjon LS pfovLdedg¢ra5ukulad fOWTioffthecosl thecstimd tesiduaj wal of &4ch tssetovtr its exp¢¢d usefvl life, al rates.. B1% Straight linc Rcduring bA]anre FixDJY¢s and ¢quiprn¢ni Mowr vehi¢1¢5 zo 25 All fixed as5 ¢oMin8 £5tKJ and overe ¢witsli%d ond iniiially r¢t •1 Donated assets bmu8ht in aitheir 5ccon&hathl value * the the of rt¢eiW. Stock Sts>ck5 arevalued ai Ik lowErofcostJnd nEt ttalisable va1tse.afttrmllkingthallDW forobsokte thdslow-mvin8 ¢tcm%. TaxliDn The chariiy isex¢mpt from eOTwaiiot) on its th¥ithbit a(iviiie PaBe 11
SOFA
NOTES TO THE FINANCIAL STATEmEr- CONnNVED
FOR THE YEAR ENDED 31 hlARCH 202J
ACCOIITrUING POLICIES- t••¢i•ut
¥c¢ou•tillg
Unrestyiu¢d fun(L5 are a]1£b for u ai the dis¢Teiion of the tsiJses in fiJrther8n¢¢ of the Btn¢rnl obi¢¢iives ofthe ¢hafity.
Rcsricled (d$ subie
SOFA NOTES TOTHE FINANCIAL STATEMETffS-coKllNUED FOR THE YEAR EP4DED 31 MARCH 2023 TANGIBLE FIXED ASSETS tureS and equinI Motor vehicles Totals cosr At l April 2022 Addiliorbs Di5W>5als 26946 23.545 50.491 Ai 31 M•T¢h 2023 DEPRECIATION Ai l April 2022 Charge for year Elimlnaied on disp)s•l 24,814 731 22.080 293 46.894 1.097 Al 31 Match 2023 25J45 22,373 47.918 NET BOOK VALIIE At 31 Mrch 2023 At 31 Mah 2022 STOCKS 31103123 3I103Q2 S¢L$ DEBTORS: AMOUKfS FALLING DUE wmiiN OP4E YEAR 31103123 31103122 Trade debwws Prtpayments and a¢¢Dxd inc<r 14.788 18.359 14.441 21.613 36.054 CREDITORS: AMOUNTS FALLIP4G DUE WITHIN ONE YEAR 31103123 31103122 Trnde ¢yediiors Social securitysnd oiher I5 VAT Pension liability A¢cnrd ¢xp¢T5 14.046 14.530 1.308 1,334 309 18.505 LEASING AGREEMENTS Minimum ]ea5e payments und¢r mn-¢tIlab1¢ op¢r•inR k5 fa]l I1C as follo 31103123 31103122 Wiihin ytar 35.335 Pw13
SOFA NOTES TO THE FINANCIAL sfAlfMENTS- COTrnlNUED FOR THE YEAR ENbgD31 MARCH 2023 io. MOVEMENT IN FUNDS Trfr[S irl fyDds fvnds 114Q2 Ai 31J03123 UDrostTl¢t¢d General Fund Assei Improv¢m¢nt FuDd 62.775 {38J71) 23.994 50,000 112.775 73.904 TOTAL FUNDS 112.775 38.8711 The &55el improvement fund 1$ a desigmkd fund ¢Aabliskd by the charity 10 fvnd iMpToKlS th¢ ehariry's delivery flecL lift maint¢nance Mnd Wat18 ITlpIneI to th tt ¢e¢hnoky within the ¢hity Yelle¢ts en1 prnctice in the wp1aCe. RELATgD PARTY DISCU)SURES Th¢T¢ %1* no r¢l•ted paTry ¢r•nwions for thc year eDJed 31 Marrh 2023. PA8e 14
SOFA DEfAILED STATEMENf OF FINANCIAL AcfivTTIES FOR THE YEAR EP4DED 31 MARCH 2023 31 M4Tch 1023 31 M¥rch 2022 Unr¢stri¢L¢d Totsl fvnds nds INCOME AND ENDOWMENTS ChAritable a¢livitlt5 Furniture and electrical goods Mis¢¢llan¢ous iD¢ome 153.068 145.347 Tolil i018 rt50Ufrts from tb•itblt •¢thiixs 157.952 150,195 Oih¢T int•rn¢ Job r¢itniion %h¢n Coron¥vints Brn)i 14,122 Total iacomint ruortts fro so•trtts 11122 TOTAL INCOMING RESOVRCFS 157.952 168.317 EXPENDrruRE Cbatiiblt atiivliies Wlgts Soeial seeurity Ptnsions Purchase5 Electrical testill8 ¢0S1$ Sundries Equipuxnl rtpairs StstYtr&vel atml subsisten¢e Volunteer Iravel and 5ubsi5Eenct &3(YtraiinE Vehicle expenses S•l¢s a8¢ni fcts Dtpr¢¢iation of ian8ibk rd a55cts I(PrOfit) on diswjsal offixed ass¢ts 88.323 308 2,763 31.541 107 420 177 35 1,775 96.109 1,327 2.107 23,868 79 1.637 300 4.937 2,798 1,1)97 6.050 1.024 132.523 136.680 $llprt rosts Other TnJst¢¢5' ¢¥p¢nsts 0ih¢r operaiin8 leases- tenl Water ras Teltpl>one ond TT ¢osts Computer softwsre K1 Male[anl Posiage And slOnery Sundrie5 loo 35.334 706 1.069 1266 2.279 301 6,056 332 1.914 5,657 3.755 36.093 930 868 1.572 2.382 867 3,116 455 1304 7.714 3.436 Subs¢riptions and publi¢aiions Card paynni charges Ligh¥ heat and Repairs and rn&intenante 59.737 58.769 CovtnJaNÉe to A¢coun¢on¢y f¢¢s Cayricd fonvard 1,340 1,540 This Ae doe5 not forni ofthe stwry finan¢ial Py15
SOFA DETAILED sfATEMEKf OF FINANCIAL AcfivITJES FOR THE YFAR ENDED JI MARCH 2023 31 March 2023 31 Mtrch 2022 Utrrric*d Total nds fund5 GoverTra•tt costs BEOU8hl forward Ixgal and profHsion?I fets 1.540 4.563 Totsl rewurtes 196,823 199.748 Not expeDdit•rt 38871) 314311 This po8e thes lloi fom) pan ofuK #awtory fjnancial ststcn P4e 16
Signatures, technical detai18 Slgnature8 Jullo@sofareu8e. org 04/1212023, 04-46-3L GblT Flngexprlnt 6113186a408delSSele973ab5d5e7406aOddf933 Slgn•tur¥ Julio Pacheco Event log IQ.50.10.157 01/1212023. 11.53-32 farr Signing request created. 0111212023. 11-53-35 Gb Notif ication Sent to jull¢•sofareuse. org. 0111212023, 11-55.si stgnlng page opened by 8lgnee Jullo@sof areuse. org. 01112/2023. 11-56-08 GMT Signing page opened by 8ignee Jullo•sotareuse.org. 04/1212023. 04-45-55 Gtyrr S&gning page opened by signee Jullc•8ofareube. org. 0411212023. 04-46-31 Gmr Signee julioO$of areu$e. org signed document. 04112/2023. 04=46.31 GThrr Signing process completed. Sy$¢ern System System Systern System System Envelope. B ID: Document • 8 hash: 826gca5h 2e89827e507359a3779f SSb4f 38elOf b58f cd559ea3 51ef f 0120d954 158308el Flnal 8taAp: 04/1212023, 04:46..33 Verl f Icatlon QR Code r?) MyDocSafe