REGISTERED COMPANY NUMBER.. 02587766 (Eigl*Dd 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 GUA￿￿TEE) 11111111111 •AC1539KP* 2011212023 ANIES HOUSE #112 SOFA coNrEfmoFTHEFINANCJAL sfATEMEIITS FOR THE YEAR ENDED 31 MARCH 2023 RtfeM¢¢ and AdmInistr*i￿ Ddails Chairn*n'$ Rep)rt Re￿rt oFthe Tnthes 3to7 JndepEndEM Examinrfs Rcwwt Sutrm¢N of Finan¢i•l AclivitKs a*meM of Fithathci•l Posiii No*$ w the Fir￿n¢la1 &4*mEnL5 1110 14 Dttsikd ofFiNn¢￿1 A¢iiviiies 15kn16 SOFA REFERENCEAPIDADMINISfRATIVE D￿Alls FOR THE YFAR ENDED JI MARCH 2•23 Mts V BT(*)kelTnLQtt) Mrs EC IM*{v￿￿chir> B IT￿ty{fl￿tI COMPANVSECRETARY JSFPatkn REGisfERED OFF1CE 31 Cknru*eSir¢ IEII IDY REGisfEREDCObfPANYNIIMMER 025a7706(En8W JndWak5) REGISTEREDCHARITYNUMBER I(￿9 INDEPEPIDENf EXAMINER TCP IGBI 10 The TrA NG2 ￿l￿sS Park NoTtinglw IG2 IAE STAFF T(wWarren. W¥th￿￿V¢￿1¢leman￿￿￿J(bI￿AEIl￿¢EO Julio Path￿O- AdrnmE￿Al1(￿ MaKa8ulJthnt ACIll￿ CEO SlewTu￿. PÉThblr Wi¥rKtTe#tr Utyuhart. Ftn¥K¢ AdrninJ5tta S￿lM Na8di- Admthi#NioTr A551*W thv]dH2rthin8trAI.Warthc4HtNaTh Assis Ke￿j W￿￿.MAY.C1¢•￿r 7Tr*ctso￿￿lYe￿a￿kp￿.B￿lntS$cuN¢jn￿Tsery1rrc¢th.Fo )x250. D￿(Hth￿. Skeh*tsJ￿< WN86￿. P¥¥e I SOFA CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 NIARCH IW April 2022 really did styrtwith a slwk to fanuliex with r ener8y price cjp rising by 54% ahd iflnaiion irt¢reisih8 tts its hiBhesi level ￿n¢t 1991 Sofiwas ￿r¢adYb1Jr{d f radifficult year and while the governmcoi had jusi wirhdrlwn ITS Itst financial help with the c1051ng of th¢ Living WLlh Covid Stfttegy longer term impacts ofthe ¢ftxrE¢ncy deftnitely linBered oft. The levels of do￿110￿5 Continu￿ th¢ir d¢clin¢ &% tht ￿OnOmIC sityation PTovcd ever fflor¢ challeii¥iJl8artd predjctrd w Covid in¥>rovemeni ID saks failed ￿ )W*rialise. The chatity h•d already rtdu¢e41 its ex￿nd1￿￿e rnany >wvs. staff budge¢s hadbeem squeez¢d both in numb¢rs athj r¢ward5. ¢ven our volunteer expe￿8¢$ 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 Itt￿rnE •nd w¢rc fomLna* to be •bk to offer some $loTxg¢ spce to a ch8Jity tttht Itso colle¢tinE fwbitur¢ forrrry by their trDant Th¢ overall krnpxr of th¢s¢ ￿￿11£￿8¢￿ W&% th￿ by theelld of the yeaT+)ur exF¢r￿¥b]reof£196.g23 exceeded our irt¢omt of £157.952. I￿￿n8 adefi¢i¢ of E38.871. Ourevet4etrtt%ing reser￿ hadto be used its balance OUT occourjts atyj the fi]DJrelDokcd ¥ery bleak as th¢ ¢lJ*iry was on tb¢ ¥¢rg¢ of having to seriously wsidcr its ¢IosuTe. Fortunawly. the ¢nd of the financial year gaye a glirnmer of IiBhl that we w¢re able io apply to The Bi8 L￿llery for a CDvid Reeovcry Gr8nr. Although w¢ ere still waiti08 for4 detision, if the wni is ¥Ydil*bl¢ ii would help guar￿￿¢ the Charity for 1*0 the av￿1&bilIty of conwlt%Ky to ¢xplore ncw stSliCtyT¢5 and woy5 Qf orwAttng. Alihough our financ￿1 5irnatiDn ks the ftclin8ofBloom•d despthkTh¢ythe ¢h•Tity li Still fumciionin8 and does have Jwc for Ehe fubjrt. We continue tr w)ssess aC0mm￿lty that stsppons us •nd Is committed tOOLwobitttives of C￿urIng ¢h¢r¢ is eff¢¢¢iv¢ r¢ws¢ of the wDdd5 tkaruTrl resouwby bo¢h thjnating aftd purthasing i¢m5 We we able to help familics in byproviding lowcort diSc(XU￿￿ fvrniftwe. We h4vc a trxm ofdedicattd volunteets who 8J¥c ibeir time and lif¢ skills that rnay thrive. L&stly Sofi h&% a Small who SUSEaiA our very existent¢ every day bytheirknd thatbj Si8ned by. Brian Gtattger ChairpeTh)n 13 Decemb¢r 2023 SOFA (REGISTERED NUMBER: 02587766) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 The trusiees wkn are atso diTe¢tors of Iht¢h¥ity fort￿ PWFW)stsoftheComw4n*sArt 2(#16. prtsehttheir repDrt with Éh¢ finaThrial 51¥lcm¢nls ofthe charity forthe yearendtd 31 March 2023. The trusttts have adopted thc PTtsvi$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 janu￿20151. nlLIECTIVES AND ACTIVITIES Obj¢eiive$ and Attivilies The ¢harbtsble objeaives forwhi¢hthe compgny ise*ablI￿Xdart #•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¢es*wshiTe ¥nd ¢oniiguous gJea lkna ofBenefit) who are in tondilitins of need. hardship OT disir¢ss atising thenfmm by. l. The provisiDn of firrbiture Ot￿rhoU￿Id acre5sorie5 CalcUL￿￿d kn rEth]cethe ned, h¥dship ordistre￿ ofsuch PErsons' and 2. The provision Ofyo￿lI0￿1ItraI￿1￿wP￿n4￿Im￿ktxP¢r￿rrf¢ forunempJoy¢dwsons volwJ*¢rai SOFA. In¢reasin8ly impomrf for lh¢ ¢harity ¢nvironm¢nthl rok ITh div¢rtin8 i¢ms fmm l￿drill a￿1 ertsuringthtir use. To meet ihe charitsble objethlves the ¢ompany OFen*S • fumiiiire reuse s¢rvi¢¢ tsr8e￿ 10 ¢lRnts on low irtcfjmt. The tompany al￿ offers training. support ¥tyJ ¢xpeT1e￿e to vol￿1ttrsQrSOFA. Wt have Ytferred to the 8uidance¢ontairtd in the Charity Conmnl55￿n'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 tr￿nd•ll0n ofour day to d•y optmion have 8iven rn￿Y hou￿ ¢xtr¥ w th¢ ¢hartry •$ 11 a5 ¢ontribwing ih¢ high¢* kv¢l of ¢0Mmim￿N. 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 st￿kTht 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 ex￿￿en¢£ with Sofa w*5 &￿ES0me. I was privileged to Mvrk th Mr Julio PAcheco wljo tutored me on Mthat Customer xr¥ices i5 all thiut. cOmmitn￿￿t ai Sofa moiiva*d me and made me io be more committed to the l w￿rked in the cwmcr seTViCt 5ccrion a￿3 l ￿$￿81[Y giv¢ h8nds Mth¢rb n¢¢d arise to lo￿1 or om04d it¢ms. li i% ￿trTthY to no*. Ihai my manager MT Julio often asktd me ab)ui my area of intreA and wtheTe I wll like 10 work and he advi%d me on how 10 go it and the nt¢essary traitting I r*ed to &).Fk M*s evttt tt* to pay part of Tny trdinin8 fees. I will like to posit IhaL al the Stren￿ of my manage￿5 adviK I pul in forthe tsJinin8 and afterth¢ training am happy lo IEt you know that I hav¢ gorten ay)b I dEsir¢d to (ki and th¢ ¢xp¢ri¢rrft l •4¥ir¢d in Sof• r¢•1 h¢lp¢d mi. Thanks." Refer￿0 Customejy •ttd Rtkrr*l Atencits A totsl of1,730 individualoTdcrsof fiYnitUT¢ and appli￿¢$ wEre sold ropcopk ￿ had b¢en r¢ferr¢dto usas b¢ing in g¢nuin¢ n¢¢d ofr¢dy¢¢d.pri¢¢ furn1Th￿t. Ihis 1¢p￿sents 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￿$thOld T*ms ai affordabk prices. We OPEAie a scheme thai ¢nabl¢s agen¢its io assess those they tonsider to be ih need and then to refer them w SOFA where they can thet) buy from 5 al g dis¢oynL ¢YTr¢ntly 20* valid fof 12 months. Th￿ugh this refcTral pri>¢e5$ 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 vul￿rabIC 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* t￿810￿[ refe￿1$ ftom • ThW￿ber 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 Charn￿￿d. Other aBencie5 which rtfer ye8ularly in¢lud¢ Chilthn y{￿￿8 Peopk's servi￿ Social Care and Healih. CharnwY>od Itxlependenl Youth Adiim. Health Visi*r4 HousingAsyKiation4 HumanRiEhtsand F4MlitiE5cl￿nWY>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$Y￿ the of SOFA and is of coursc furthETin8 reuse by which we G#fL redu¢e the impaci of ¢lima* change. PaEe 4 SOFA IRECISTERED NUMBÉR.. •2517766) REPORT OFTHE TRu¥fEES FOR THE YEARENDEDJI MARCH 2•23 ACHtEVEMENT AND PERFORMANCE ICM¢ityxd) D•o4l•Dns *Dd Divtraion Tr￿ L*#dfill We Brn*fully received help from 690 ho￿]K￿ld$ and ¢olle¢t¢d 2.380 i*ms or rurniiiJT¢ •nd appli•n¢¢s durin8 thii ￿Or and In estimat¢ofi fvrth¢r 1960 Tyusabk iteiiL%wertdorbated* tsur￿T. Thisye*TMediverted 116tOfbsof fijmilute ftom landfill representing • 8.40h In¢￿a$¢ from th¢ previo￿% year due ro the col]eaion aThJ sales in¢re&%e of lar8er iltms and the help of our onlint sales ￿th ¢li¢k ind ¢oll¢rf. This is a signifiunt hvlp to the tarzcts gt for I￿SteI￿1TC County Council ahd A tonsidernble IM)ost to the enviTOtLTnent. IThpT•v¢ments to Service, OperntioD*l Syittmi *Ad P*rtAersb• During the course of tht ytrdr we.. Made improvem¢nis in¢ludin8 htaJ¢h & s•f¢iy m¢a5ures to all show Damaged aiid ini¥sinB publicity display boards have i*en replaced alongside Nottingham Rd Applied foi a National Lottery Gr•ni Office doows h•v¢ fvnh¢r t¢¢n in re8•rd5 to th¢ll and GDPR cornplianre. Pi8¢on Ind droppin85 renM>ved fTom our*etss tutthel. Org*oisalioos that h*vt i*pporttd SOFA Ourthanks80 (othe following a8¢nrri¢% or8aniwioDs individu￿5 that knvesupportcd our work durtDg the ¢4>urseof the The N*ional iA)llery Fund Let¢e*eTshirt County CotsrKil Was¢eMw#Kni Lti¢¢5t¢r Citycouncil Charnwood Borough Council Environrthtsl Servitys Voluntary Atlioth L*i(tstrrshi Cuttkfish FJNAF4CIAL REVIEW Financial ￿5111• The Stsiement of Fkrbancial Acti￿11t5 ftsT the year shows *defi¢i¢ of £38.87112022.. d¢fi¢ii of£31.4311. Tothl IneomuJ8 Rcsources in thc year dc(￿ lo £157.95212022.. £168J17). prirnarily due to • decTea5e in COTonaviru5 SUPPDrt from £18.122 in 2022 10 £nil in 2023. The ehari¢abk In￿M¢ Iw •llu•lly in¢wsed in ￿th ¢xpEd*ion5 fol]oMryng ihe OPEning up after th¢ pand¢m¢¢ ro £153.068 (2022.. £145 J47)_ The Balance Sh¢¢i Sho￿ th¥1 SOFA bas wr¢wictrd fvThtsof£73.904 of whith £50.11)O is d¢siRn8t¢d for 155¢1 improvemenL Rtl*iiohshlp$ *#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 t*iceAer City Council via the l£ittster5hire & RuilaThd Re￿e NetsM)Tk as wtll as Charn￿d District Coun¢il. The Charity w0￿S 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)norgani￿i0n forT¢us¢ ¢h•ritK& Investment pDliwtr to invey in any way th¢ Tn￿e$ Ste fil. How¢vtT. the Trwes of SOFA hav¢ detided not ￿ ¢ommii fijnds for lon8 inv¢AnKnL #nd th¢refoTe th¢ ¢haTity hAS ithvtslmtnts of thbs kis)d. Pa8t 5 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¢ purr*￿eS 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 re*rves ￿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 1tsBovcrningdL￿um2￿l adtedofw •nd ¢0￿1￿*51 limited￿mpany￿ 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 COMp￿Y 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 *?￿1￿1￿*￿t (+fnew trMsttt5 Thc directors of the company are also charity tnF51ee5 for the pur￿5 of Charity law atwj undef ih¢ comp•Dy'$ Articles ￿ known &8 mrmkTsof the Board of Trus*e5. Underthe requiTemEnr5 Of the ￿er￿rand￿ and Ani¢ksof Ass￿1*10￿ the m¢mb¢TS of the Board ofTrus*es *e ele¢*d annually at the AGM by the existing mrrnber5 of SOFA. All mtmbews •bk w r￿minAte onc to the Th¢ Twslee5 ackrnwdedge th* the rt¢ruylmtni. s¢k¢iion •nd subxqu¢Di of new Trus*es 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 a￿1 e(4)nDmi¢ Or8aTrisational struttu The Board ofTnL5￿s is ekcted ann￿lty by members of SOFA ￿ the c*￿tal Meeting. Nomin*10￿ ¢8n b¢ pul fon¥ard by any N￿mber 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¥nI￿tiOn d¢lbv¢ry of5erYice Truwe5 arc provided wi¢h ￿￿)Cle￿I lnf0nn#￿n th ensure th* th¢y ￿r￿Trd th¢ ¢haritable Purp)￿$ of SOFA the ¢UTreni fiE)anci•l p)silion znd the key CUTrenl iss4]es. New Truskts will bt giv￿ thc g0￿MIng 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 m*n*gemtni The trustees have a duty lo ideniify and T¢viewtheri$ksw th¢Ch￿"1Y ÈO tL)sweapprOpr￿* onltols areith pla¢¢ ¢0 provide rt•son*blc aSsur￿¢t ¥82iny fraud aodtrnv. TheTrUS￿¢S actively r¢viewthe m•j4irrisksthai th¢ chArityf￿tS*￿d fornwl*teartserves enableth¢ charity ￿ have 5ufficieni rc80w¢es in th¢ eveni of ¥dv¢r5e coDdiiions. ThE¢hprity prrpare5 kfb ann￿1 bd¥el and str*8ic plan. Perforn￿ •88inst budgu is moniror¢d by re8ular reporting. A sys*rn of internal fi*willl (Mtroj is ir¢ pl¥c¢ to d¥y-l￿thY fin•ll¢¥ltrwLs¥tions. Tr ¢haisty kn in place appr(4yriAie policiuof insurabl¢ risks. This report ht8 betn PTepued in atLa)rdw wih Ihesp¢¢i81 provisN)n3of fart 15 ufthe G)wi¢s Act 2(#)6 ret*ing ro sm•ll Apptovcd byordu of thE to*￿of tru5t¢esrKL 13 De(¢mbu2023 ond signtllon behalf by. B D Granger- T INDEPENDENf EXAMINER'S REPORT TO THE TRUSTELS OF SOFA (REGISTERED NUMBER.. •25177661 I report to thE clwity's trUMCts my ofth¢ x¢ow)ts of the Comwy foi the >¢ar ended 31 Marth 2023 wthi¢h set oui on p¥g¢5 9 to 14. Respothsiblliiits •nd ocrtpirt Asthe¢haritys ¢ru5¢¢¢50fthe Comp4ny (4nd4150 itsdirecrora forthe Pu￿￿¢S0r¢0ffjpxTry 13wI you are responsibk forihprtF•ration of IhE ac£(H]nts in x¢ordor¢¢ ￿ryth tht reqUirtt￿￿S orth¢ Companits Ath 20[6 (th¢ 2Tr)6 A¢n. I r¢port in resped ofmy exwniwiott of your ¢h*iWs x¢OW￿ ¥s c*ied wider s¢¢tYJn 145 oftht Th%Tities Ad 201 I Cihe 2011 A¢1? and Èn carying out my ex8rninatitin I hknt folkn*d ihe Dirt(￿lL$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 21￿6 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¢n*nts 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 inde￿nder11 examinalion. or the a¢coutStshave noi b¢th PTepared in a¢￿11*￿¢¢ ￿lib the n*thtyJsand prty)¢ipksof th SiatemtniofRe¢ommended Pra¢ii¢e for xcountin8 and Tep)rting by 4D EXPENDJTURE ACCOUND FOR THE YEAR ET4DED 31 MARCH 1•23 31 MaT¢h 20 Unrestri¢*d funds 31 March 202 Utwe*r¢¢ted Notrs Ir4COMI E AND ENDOWMETr￿S FROM Ch•ritabl¢ Aclivitirs Sale offurniture and ekctrital 8wds Miseellaneous In￿rn¢ 153,068 4.884 145,347 4.848 Grthis and oiher iDcoTh Jnvtslmeni in¢om¢ 18,122 T￿11 157.952 168.317 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 M￿ch 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 rt4u￿Cd the comwy w ob¢•MI an of for the year enthii 31 PAaT¢h 2023 in S￿r￿￿te 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 co￿￿1C5 Ac¢ 2006 and k¥eparing financial swemenis whi¢b Riwe a truexnd f*irvi¢wof of affaits of thetknritsbletompany as •t the end of exh fJnanciJl yearartd of its surplus ordeficii foreaeh f1*art￿l 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. $0 far appli¢8bk w the ¢haritsblecomp•ny. (b) Tbese fiJwi¢i41 SiaE¢m¢DLY have pteparrd io accordètw with the provisions •pplithle w ¢h•ritsble conyany"5 yjbjcct w the small companies ttwmt. The fin•n¢ial s¢•i¢m¢nts wert 4ppov¢d by tht Bowo of T￿￿ceS on l 2023 and WUE Si8th¢d on its beh￿f by.. B D Granger-Tft￿*C P¥geJO SOFA NOTES TOTHE FINANCIAL KfATEMENTS FOR THE YEAR ENDED 31 MARCH 202J ACCOIIPUING POLICIES B￿•5 of preparint tb¢ fina•ti*l ststeThEuts The fin8D¢ial 51alemcDts of the charitsb]e cornpJny. whith 1$ 3 public bet*fil eniity under FR8 102, have wtpared lli accoTdan¢¢ ￿th ihe Ch*rili¢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¢￿rt￿le Standard 102 Th¢ Financial ReFxbrting Standard appli¢able i*) Ihe UK and Republic of T￿l•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 re￿UrceS 4r¢ uJclLwkd thr Sta*meht ofFin•Kial Adiviiies charity iseniiiltd to in¢om¢ and the ￿￿o￿nI caD b¢ qwnlif*d 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 enti1￿m¢￿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¢i*ivable. Eiptmdilurt ExrRnditu￿ is rtCO8ni5ed on an *¢nAis basis as * liability is iticuritd C05E5 of ReThcTrling fund5 o>mpri¥ethewstsasso¢i*d withknrtll)gvoj￿WY and thewstsof fvndr8ising purps¢s. Chwitable attivittts exFendiEufE ¢oAs in(1￿ed by the in the d¢liv¢ry of its ￿1VIll¢S gnd 5trvic¢s for its knefLciarie Governance ¢osts u)¢lude tknse costs a$s0¢￿*d with OX¢lin8 the conAityiion¥l •nd stawtory requirements of¢h¢ charity include the professional fecs and otherrosts lirtkd to th¢ ￿leS1¢ mam*8¢mcffj of th¢ ¢hariry. Allocatioll appthrtiollmeDt •* ¢05ts AII C05ES are allocated belmeen the expendilurt ¢ate8oriesof the Stskmtrtt of Financial A¢iivitie$ on a b&si$ 10 Tefl¢¢i thc use f tbe re￿>Urre. Costs rela1￿8 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 4pwrt￿ned betwttrbthe ¢xpcnditUT¢ ¢8tegories on the b&sbs of the ethrnakd of iimE involved in ca¢h arlivity. T4Dgibk fiitd 955ttS D¢pTecialjon LS pfovLdedg¢ra*5ukula*d fOWTi*offthecosl thecstim*d tesiduaj wal￿ of &4ch tssetovtr its exp¢¢*d usefvl life, al rates.. B￿1% Straight linc Rcduring bA]anre FixDJY¢s and ¢quiprn¢ni Mowr vehi¢1¢5 zo 25 All fixed as￿5 ¢oMin8 £5tKJ and over￿e ¢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.afttrmllkingth*allDW*￿ forobsokte thdslow-mvin8 ¢tcm%. Tax*liDn 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 tsiJs*es in fiJrther8n¢¢ of the Btn¢rnl obi¢¢iives ofthe ¢hafity. Rcsricled (￿d$ ￿ subientriFrtrtions payabk to the tharithk pension scheme 3Te charged 10 the S¢a*meni ofFin•rKial Aaiviti¢s in rh¢ ￿riOd to which they relare. NET INCOMEJ(EXP£NDITURE ¢xpendiiur¢ i5 wed •ft¢T chaT% 31103rd3 31103122 Dewt¢iation- ot*ncd ass¢ts RA)ss disPOs•1 of r￿ed assets Other operating kastS- PTopety 1.024 1.097 2.306 Other0￿￿1Th8 leases is in res￿1 of rem forthr la￿1 and ￿]Id1[ TRusfEES' REMUNERATION AND BENEFITS Thert Mtrus*ts' ￿m￿ne￿￿on OTotherlxr*ht5 forth¢)vrwthd31 Mar¢h 2023 nOrfor￿* yeaTet¥kd 31 Marth 2022. TTh51tts' txpeD¥ 3IIOY23 J1103r22 Trus¢ees' expenses 100 STAFF COSTS 31103123 31A)3122 Wages and salariES So¢ial 5¢¢urity costs Oth¢r p¢nsion wsis 88J23 96.109 .327 91 99.543 The HveAge nKJnthly number ofempjoyees duTin8 the year was as follo 31A)3123 31K13r22 NUm￿r of5tsff No employees rtceived emoluments in txctssof £60.(￿. PaKe 12 SOFA NOTES TOTHE FINANCIAL STATEMETffS-coKllNUED FOR THE YEAR EP4DED 31 MARCH 2023 TANGIBLE FIXED ASSETS ￿￿tureS and equi￿nI 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 M*rch 2023 At 31 Ma￿h 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 I￿5 VAT Pension liability A¢cnrd ¢xp¢T￿5 14.046 14.530 1.308 1,334 309 18.505 LEASING AGREEMENTS Minimum ]ea5e payments und¢r mn-¢￿￿tIlab1¢ op¢r•inR k￿5 fa]l I1￿C 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 Tr￿￿fr[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 iMpTo￿￿K￿lS ￿ th¢ ehariry's delivery flecL lift maint¢nance Mnd Wat￿18 IT￿lpIne￿I to th* tt* ¢e¢hnok*y within the ¢h*ity Yelle¢ts ￿￿en1 prnctice in the w￿p1aCe. 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 i￿0￿1￿8 rt50Ufrts from tb•it*blt •¢thiixs 157.952 150,195 Oih¢T int•rn¢ Job r¢itniion %h¢n Coron¥vints Brn)i 14,122 Total iacomint ruo*rtts fro* so•trtts 11122 TOTAL INCOMING RESOVRCFS 157.952 168.317 EXPENDrruRE Cbatii*blt 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 r￿d 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 $llp￿rt rosts Other TnJst¢¢5' ¢¥p¢nsts 0ih¢r operaiin8 leases- tenl Water ra*s Teltpl>one ond TT ¢osts Computer softwsre ￿K1 Ma￿le[￿anl* Posiage And s￿lOnery Sundrie5 loo 35.334 706 1.069 1266 2.279 301 6,056 332 1.914 5,657 3.755 36.093 930 868 1.572 2.382 867 3,116 455 1304 7.714 3.436 Subs¢riptions and publi¢aiions Card payn*ni charges Ligh¥ heat and Repairs and rn&intenante 59.737 58.769 CovtnJaNÉe to A¢coun¢on¢y f¢¢s Cayricd fonvard 1,340 1,540 This Ae doe5 not forni ￿ ofthe st*wry finan¢ial Py15 SOFA DETAILED sfATEMEKf OF FINANCIAL AcfivITJES FOR THE YFAR ENDED JI MARCH 2023 31 March 2023 31 Mtrch 2022 Utrrric*d Total nds fund5 GoverTra•tt costs BEOU8hl forward Ixgal and profHsion?I fets 1.540 4.563 Totsl rewurtes 196,823 199.748 Not expeDdit•rt 38871) 314311 This po8e thes lloi fom) pan ofuK #awtory fjnancial ststcn P4e 16 Signatures, technical detai18 Slgnature8 Jullo@sofareu8e. org 04/1212023, 04-46-3L GblT Flngexprlnt 6113186a408delSSele973ab5d5e7406aOddf933 Slgn•tur¥ Julio Pacheco Event log IQ.50.10.157 01/1212023. 11.53-32 farr Signing request created. 0111212023. 11-53-35 Gb Notif ication Sent to jull¢•sofareuse. org. 0111212023, 11-55.si stgnlng page opened by 8lgnee Jullo@sof areuse. org. 01112/2023. 11-56-08 GMT Signing page opened by 8ignee Jullo•sotareuse.org. 04/1212023. 04-45-55 Gtyrr S&gning page opened by signee Jullc•8ofareube. org. 0411212023. 04-46-31 Gmr Signee julioO$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