REGISTERED COMPANY NUMBER: 02304489 (England and Wales)
REGISTERED CHARITY NUMBER: 1003257
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
FOR
HASTINGS FURNITURE SERVICE LTD.
Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ

HASTINGS FURNITURE SERVICE LTD.
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of the Trustees
Independent Examiner's Report
statement of Financial Activities
Balance Sheet
Note$ to the Fln4nclal Statements
9 to IB

HASTINGS FURNITURE SERVICE LTD. (REGISTERED NUMBER: 02304489)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
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 2024. 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 l January 2019).
OBJECTIVES AN D ACTIVITIES
Objectlves and a1rn5
H FS is the loca l independent furniture & electrical reuse charity that has been fightino furniture poverty I n Hastinos
& Rother since 1988.
Our Vision
We believe every person, across Hastings and Rother, should have a bed to sleep on, a cooker to
prepare basic meals with and the e55ential furniture to create a comfortable, safe home.
Our Mission
To help alleviate poverty by providing low-cost quality re-used furnlture and electrlcal goods to
low-income households; creating opportunities to enable individuals to improve their lives; diverting waste from
landfill and reducing C02 emissions.
What is furniture poverty.
Furnlture poverty, includlng whlte goods, Is the Inabllity to access, or afford to buy or malntaln, any household
furniture or appliance item that is essential to achieve a socially acceptable standard of living. HFS plays a crucial
role in ensuring that the most vulnerable individuals have access to basic essentials. Despite furniture and white
goods poverty lacking the same recognition as food or fuel povertyi it remains a harsh reality for many families
across Hastings and Flother.
For example, wlthout a means to cook food (cooker, mlcrowave, etc.), famllles relylng on food banks can't safely
prepare the food they are given. Without a fridge to store fresh produce, many families end up throwing away
donated food that has perished or, even worse, trying to eat rotten food.
Without a bed each to sleep on, families end up sharing mattresses or even sleeping on the cold floor.
Page I

HASTINGS FURNITURE SERVICE LTD. (REGISTERED NUMBER: 02304489)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The past year has been one of extraordinary challenges and change for HFS, marked by economic pressures,
operational difficulties, and tough decisions. However, through the dedication of our staff, volunteers, and
supporters, HFS has not only weathered these challenges but also continued to make a significant impact in the
Hastings and Rother community.
Key Achievements
l.su
ortin
Vulnerable Households
Over the 2023-24 financial year, HFS successfully sold more than 6,000 items of second-hand furniture, all
donated by generous members of the local community. These items were distributed at affordable prices, ensuring
that essential household goods were accessible to low-income famil les and individ uals tra nsitioning to independent
living. By meeting these needs, HFS has enabled households to maintain a reasonable standard of living,
improving their quality of life and financial stability.
2. Environmental Im
act
Reusc remains at thc coro of HFS'S oporations. By diverting furniturc and applianccs from landfill, thc organisation
has prevcntcd an cstimated 227 tonncs of carbon dioxidc crnissions and saved approximately 135 million litrcs of
water. This environmental contribution reduces the demand for raw materials and new furniture production,
mitigating the harm caused by resource extraction and industrial manufacturing. The environmental impact of HFS
demonstrates that small organisations can play a mea n ingfu I role in tackli ng global sustai nability challenges.
3. Communit Benefit
In addition to providing affordable furniture, HFS'S work contributes to broader community well-being, By
alleviating furniture povertyi families facing the financial pressures of the cost-of-living crisis can allocate
resource5 to other critical needs, such as food, energy bills, and education. This not only Improves household
stabil ity but a Iso i ndirectly su pports the local economy by enabling healthier, more productive comm u nities.
4. Volunteer Pro
ramme
Our volunteers play a crucial role in our organisation. The Volunteer Programme empowers individuals through
personal growth, skill development, and cornmunity engagement while providing a pathway to paid employment.
By volunteerlng wlth us, Indlvlduals can bulld essentlal skllls such as communlcatlon, tlme management, and
problem-solving, boosting their confidence and sense of accomplishment. The programme fosters social
interaction, helping volunteers reduce isolation, develop friendships, and feel a greater connection to thelr
community. It also provides a structured environment with clear expectations, enabling volunteers to thrive and
gain a sense of purpose through meaningful contribution5 to Society, Additionallyi we support our volunteers in
tran51tioning to paid employment by a55i5ting with professional CV preparation, conducting mock interview5, and
offerlng ongoing guidance.
Page 2

HASTINGS FURNITURE SERVICE LTD. (REGISTERED NUMBER: 02304489)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Challenges and Organisational Changes
The 2023-24 financial year was marked by a combination of economic, operational, and financial pressures that
tested the resil ience of HFS:
l. Economic Pressures
The extended cost-of-living crisis increased demand for affordable furniture while driving up the costs of service
delivery, such as transportation, repairs, and logistics. Simultaneously, reductions in local authority funding and
grant support required HFS to draw on its financial reserves to Sustain operations.
erational Challen
es
In October 2023, the Priory Meadow store suffered another flood, which caused extensive damage to the ground
floor. Three van loads of stock had to be disposed of, and the store was closed for five days to allow for drying,
leaningi and disinfection. The re5pon5e from staff and volunteers was extraord inaryi Wlth everyone contri buting
tirelessly to ensure the store reopened quickly and safely.
3. Strate
ic Decisions
To ensu rc tho orga n isation's financial sustainability, HFS trustoos madc scvcral d iff icult but neccssary docisions:
o Staff Rcdundancie5: In January 2024, threc membcrs of staff wcre madc rcdundant to reduce ongoing costs.
HFS extends its sincere gratitude to these individuals for their service and wishes them every success in their
future endeavours.
o Asset Sale,. The Bexhlll slte, purchased In 2008 for redevelopment, was sold due to Its hlgh malntenance costs
and the inability to secure funding for required improvements. The site's condition had become a financial burden,
and the sale will allow HFS to redirect resources towards its mission. The proceeds, expected by March 2025, will
be ring-fenced and form the basis of a new investment strategy aimed at long-term financial stability,
LOOKING AHEAD
Despite the significant challenges faced this year, HFS remalns commltted to flghtlng furniture poverty and
promoting environmental sustainabi lity. The sale of the Bexhil I site provides an opportunity for the organisation to
secure its financial futu re throug h careful investment and strategic planning.
Moving forward, HFS aims to:
Continue supportlng low-lncome households by provldlng affordable furnlture and essential household Items.
Expand efforts to promote environmental sustainabil ity by increasing reuse and red ucing landf 111 waste.
strengthen partnerships with donors, volunteers, and community stakeholders to enhance the organisation's
impact.
Develop a long-term investment strategy to ensure financial stability and growth, allowing HFS to adapt to
chang ing circumsta nce5 a nd continue its vita I work,
Concluslon
The 2023-24 financial year has been one of immense challenge and transformation for Hastings Furniture Service.
Yet, through the incredible dedication of our staff, volunteers, and supporters, we have not only overcome
adversity but emerged stronger, more focused, and rnore determined than ever.
With the sale of the Bexhill site providing a solid foundation for investment and groivth, we are able to embrace
new opportunities, expand our Impact, and deepen our commitment to the communlty, Together, we will continue
to tackle furniture poverty, champion environmental sustainability, and transform lives across Hastings and
Rother.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, memorandum and articles of association, and constitutes a
limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02304489 (England and Wales)
Page 3

HASTINGS FURNITURE SERVICE LTD. (REGISTERED NUMBER: 02304489)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Registered Charity number
1003257
Registered office
6-10 Dorset Place
Hastings
East Sussex
TN34 ILG
Trustees
J Alexander Team Manager
P C Courtel (appointed 121412024)
Ms C Davies Company Director
Ms J Everard Advice Centre Manager
M5 E Hughes (appointed 12/412024)
M P Johnson (appointed 12/412024)
Lord 8 R Mclean FSB Chairman
N A Portcr (appointcd 121412024)
K Scllcns ( resigncd 3 113/2024)
Company Secretarles
A S Burnett
Ms K Davidson
Independent Examlner
Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 L3ndgate
Rye
East Sussex
TN317LJ
EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is g iven in the notes to the financial statements.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006
relating to small companie5.
Approved by order of the board of trustees on 20 December 2024 and slgned on Its behalf by:
Ms C Davies - Trustee
Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
HASTINGS FURNITURE SERVICE LTD.
Independent examiner's report to the trustees of Hastings Furniture Service Ltd. ('the Company.)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March
2024.
Responsibilities and basis of report
As the charity's trustees of the Company {and alsD 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 examlner'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 bod ies.
I havc completed my cxamination. I confirm that no matters have come to my attention in connection with the
examination giving me causc to believe:
accounting records were not kept in respect of the Company as requlred by Section 386 of the 2006 Act,. or
the accounts do not accord with those records; or
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 ané fair view which is not a matter considered as part of an
independent examination,. or
the accounts have not been prepared in accordance with the method5 and principles of the Statement of
Recommended Practice for accounting and reporting by charities {applicable to charities preparing thelr
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 account5 to be reached.
Joseph Greenslade FCCA
Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN317LJ
23 December 2024
Page 5

HASTINGS FURNITURE SERVICE LTD.
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
730
730
loo
Charitable activities
Furnlture projects
Contract
Training Projects
Workspace hub
276,749
72,123
59,050
33S,799
72,123
275,212
24,432
35,879
24,864
35,577
35,577
Investment income
Total
389 020
448 070
361 940
EXPENDITURE ON
Raising funds
8,792
8,792
11,778
Charltable activities
Furniture projects
Contract
Training Projetts
Workspace hub
Total
364,728
69,754
47,938
412,666
69,754
376,733
23,829
47,241
466 525
514 463
479 127
NET INCOME/(EXPENDrruRE)
(77,505)
11,112
{66,393)
(117,187)
RECONCILIATION OF FUNDS
Total funds brought forward
373,452
405,593
779,045
896,232
TOTAL FUNDS CARRIED FORWARD
295 947
416 705
712 652
779 045
The notes form part of these financial statements
Page 6

HASTINGS FURNITURE SERVICE LTD. (REGISTERED NUMBER: 02304489)
BALANCE SHEET
31 MARCH 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
302,902
395,405
698,307
720,990
CURRENT ASSETS
stocks
Debtors
Cash at bank and in hand
io
li
3.684
8,814
3,684
8,814
4,566
10,508
178 960
194,034
91,092
21.300
112,392
CREDITORS
Amounts falling due within one year
12
(36,683)
(36,683)
(59,507)
NET CURRENT ASSETS
134 527
TOTAL ASSETS LESS CURRENT
LIABILITIES
357,311
416,705
774,016
855,517
CREDITORS
Amounts falling due after more than one
year
13
{61,364)
{61,364)
(76,472)
NET ASSETS
FUNDS
Unrestricted funds
Restricted f unds
TOTAL FUNDS
295 947
416 705
712 652
779 045
16
295,947
416 705
712 652
373,452
405 593
779 045
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the
year ended 31 March 2024.
The members have not required the company to obtain an audit of Its flnancial statements for the year ended 31
March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge thelr responslbilltles for
(a)
ensuring that the charitable company keeps accounting records that comply with Sectlons 386 and 387 of
the Companies Act 2006 and
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 Df 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
charltable company.
(b)
The notes form part of these financial statements
Page 7
continued...

HASTINGS FURNITURE SERVICE LTD. (REGISTERED NUMBER: 02304489)
BALANCE SHEET - continued
31 MARCH 2024
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 20 December 2024
and were signed on its behalf by:
C Davies Trustee
J Everard Trustee
The notes form part of these financial statements
Page 8

HASTINGS FURNITURE SERVICE LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
STATUTORY INFORMATION
Hastings Furniture Service is an incorporated charity, limited by guarantee, registered in England & Wales.
The charity's registered number and registered office address can be found in the Report of the Trustees.
ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The finariLidl Statements of the charitcible cotnpany, Ivhich Is a public benefit entlty under FRS 102, have
been prepared in accordance with the Charities SORP (FRS 102) 'Accountir)g 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 l January
20191,, 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.
In preparing the financial statements, the trustees are required to make an assessment of the ability of the
charity to continue as a going concern. On the basis of thcso forccasts and thc fact that the charity has
substantial net current a55Cts and net assct5, the trustces are confident that the charity h85 adcquate
resources to continue in operational existence and to meet its liabilitie5 as they fall due for the foreseeable
future. A5 a result of the above, the trustees have concluded that it remains appropriate to adopt a golng
concern basis of preparation in these fi nancial statements.
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 econornic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an
accruals ba515 and has been cla55ified under headings that aggregate all cost related to the category.
Where costs cannot be directly attrlbuted to pa rtlcu lar headlngs they have been al located to actlvitles 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 it5 estimated
Useful life.
Freehold property
Fixtures a nd fittings
Motor vehicles
20/0 on cost
330/0 on cost
250/0 on ￿dUcIng balance
STOCKS
Stocks are valued at the lower of cost and net reallsable value, after making due allowance for obsolete and
slow moving items.
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 fDr 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.
Page 9
continued...

HASTINGS FURNITURE SERVICE LTD.
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES - continued
FUND ACCOUNTING
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The Lfidritable company upeiate5 a defined contribution pewisiun scheme. Contrlbutlons payable to the
charitable company's pension scheme are charged to the Statement of Financial Activities in the period to
which they relate.
INVESTMENT INCOME
2024
2023
Deposit account interest
NET INCOME/{EXPENDITURE)
Net income/(expenditure) is stated after charging/{crediting)'.
2024
2023
Depreciation - owned assets
INDEPENDENT EXAMINERS, REMUNERATION
31.3.24
31.3.23
Fees payable to the charity's independent examiners for the independent
examination of the charity's fi nancial statements
1,950
1,000
Fees payable to the charity's independent examiners for the independent
examination of the charity's prior year fina ncial statements
500
TRUSTEES, REMUNERATION AP4D BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year
ended 31 March 2023.
TRUSTEES, EXPENSES
There were no trustees, expenses pald for the year ended 31 March 2024 nor for the year ended 31 March
2023.
Page 10
continued...

HASTINGS FURNITURE SERVICE LTD.
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
STAFF COSTS
2024
2023
Wages and salaries
Social security costs
Other pension costs
332,336
22,878
335,970
21,876
361 246
364 378
Included in the wages expenditure above are reéundancy payments totalling £5,079 which were paid during
the accounting period.
The average monthly number of employees during the year was as follows:
2024
12
2023
14
Ful I time equivalents
No employees received emoluments in excess of £60,000.
The average number of employees durlng the year was 15 (2023 - 17).
The key management personnel of the charity received remuneration of £106, 158 during the accounting
period.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfIvITIES
Unrestricted
funds
Restricte
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
loo
loo
Charltable actlvltles
Furn iture projects
Contract
Training Projccts
Workspace hub
253,212
24,432
14,879
24,864
22,000
275,212
24,432
35,879
24,864
21,000
Investment income
Total
318 940
361 940
EXPENDITURE ON
Raising funds
11,778
11,778
Charltable actlvltles
Furn iture projocts
Contract
Training Projccts
Workspace hub
Total
340,455
23,829
22,907
36,278
376,733
23,829
47,241
24,334
418 515
479 L27
NET INCOME/{EXPENDITURE)
(99,575)
(17,612)
(117,187)
RECONCILIATION OF FUNDS
Total funds brought forward
473,027
423,205
896,232
Page 11
continued...

HASTINGS FURNITURE SERVICE LTD.
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
funds
funds
Total
funds
TOTAL FUNDS CARRIED FORWARD
373 452
405 593
779 045
TANGIBLE FIXED ASSETS
Fixtu res
nd
fittings
Freehold
property
Motor
vehicles
Totals
COST
At l Aprll 2023 and 31 March 2024
DEPRECIATION
At l April 2023
Charge for year
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023
1 069 725
127 469
1 215 259
353,886
18,065
122,318
494,269
375 281
123 606
516 952
694 444
715 839
698 307
720 990
10. STOCKS
2024
2023
New furniture stock
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
VAT
Prepayments and accrued income
5,688
6,355
1,097
Page 12
continued...

HASTINGS FURNITURE SERVICE LTD.
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other loans (see note 14)
Social security and other taxes
VAT
Other creditors
Accruals and deferred income
20,227
4,282
241
5,683
18,862
7,747
1,598
13. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR
2024
2023
other loans (see note 14)
14. LOANS
An analysis of the maturity of loans is given below:
2024
2023
Amounts falllng due withln one year on demand:
other loans
Amounts falllng due between two and flve years:
Other loans 2-5 years
Amounts falling due in more than five years.,
Repayable by instalments.,
other loans more 5yrs Instal
2,000
6,000
15. SECURED DEBTS
The following secured debts are included within creditors:
2024
2023
Other loans
Lloyds TSB Bank PLC hold a debenture with a fixed and floating charge over the undertaking and all
property and assets present and future, including goodwill, book debts, uncalled capital, building, fixtures,
fixed plant & machinery.
Lloyds TSB Bank PLC hold a mortgage over the freehold of 47 London Road, Bexhill on Sea, East Su55ex,
togcther wlth all bulldings & flxtui-es (includlng tradc fixtures), FSxed plant & machinery by way of fixed
charge, all present & future book & other debts, floating charge over all moveable plant & machinery,
implements, utensils, furniture & equipment by way of assignment. The goodwill of the business (if any),
the full benefit of all licences & guarantees.
Rother District Council hold a charge over 47 London Road, Bexhill for £80,000.
Page 13
continued...

HASTINGS FURNITURE SERVICE LTD.
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
16. MOVEMENT IN FUNDS
Net
movement
in funds
At
3113124
At 114123
Unrestricted funds
General fund
Designated funds
243,452
130 000
373,452
(77,505)
165,947
130 000
295,947
(77,505)
Restricted funds
Tangible As5etS
Skipton Bu ilding Society
Awards for All
405,593
(10,188)
1,500
395,405
1,500
405 593
416 705
712 652
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
389,020
(466,525)
(77,505)
Restricted funds
Tangible Assets
Sussex Community Foundation {SCF)
Blagrave
Isobel Blackrnan Foundatlon
Magdalen and Lasher
Skipton Bu ilding Society
Southern Water
Awards for All
Chalk Cliff Trust
(10.188)
{1,500)
(16,500)
(1,500)
(750)
(10.188)
I,soo
16,500
1,500
750
1,500
12,500
19,800
1,500
(12,500)
19,800
47 938)
TOTAL FUNDS
Page 14
continued...

HASTINGS FURNITURE SERVICE LTD.
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
16. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
At
3113123
At 114122
Unrestrlcted funds
General fund
Designated funds
303,027
170 000
473,027
(99,575)
40,000
40 ODD)
243,452
130 000
373,452
(99,575)
Restricted funds
Ernest Kleinworth Charitable Trust
Tangible Assets
Sussex Community Foundation (SCF)
Sussex Crisis Fund
3,000
416,058
813
(3,000)
(10,465)
{813)
405,593
423 205
896 232
17 612)
117 187)
405 593
779 045
TOTAL PUNDS
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unréstricted funds
General fund
318,940
(418,515)
{99,575)
Restricted funds
Hastings Lions Club
Ernest Kleinworth Charitable Trust
Tanglble Assets
Sussex Community Foundation (SCF)
Foreshore Trust
Sussex Crisis Fund
Blagrave
Social Enterprise Support Fund
2,000
(2,000)
(3,000)
(10,465)
(10,813)
(6,000)
(3,334)
(15,000)
io 000)
60 612)
479 127)
(3,000)
{10,465)
(813)
10,000
6,000
(3,334)
15,000
17 612)
117 187)
TOTAL FUNDS
361 940
Page 15
continued...

HASTINGS FURNITURE SERVICE LTD.
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
16. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows..
Net
movement
in funds
Transfers
between
funds
At
3113124
At 114122
Unrestrlcted funds
General fund
Designated funds
303,027
170 000
473,027
(177,080)
40,000
40 ODD)
165,947
130 000
295,947
(177,080)
Restricted funds
Ernest Kleinworth Charitable Trust
Tangible Assets
Sussex Community Foundation (SCF)
Sussex Crisis Fund
Skipton Building Society
Awards for All
3,000
416,058
813
3,334
(3,000)
(20,653)
{813)
(3,334)
1,500
395,405
1,500
423 205
896 232
416 705
712 652
TOTAL FUNDS
183 580)
A cu￿ent year 12 months and prior year 12 months combined net movement in funds, included in the
above are a5 follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
707,960
(885,040)
(177,080)
Restricted funds
Hastings Lions Club
Ernest Kleinworth Charitable Trust
Tangible Assets
Sussex Community Foundation (SCF)
Foreshore Trust
Sussex Crlsls Fund
Blagrave
Social Enterprise Support Fund
Isobel Blackrnan Foundation
Magdalen and Lasher
Skipton Bu ilding Societv
Southern Water
Awards for All
Chalk Cliff Trust
2,000
(2,000)
(3,000)
(20,653)
(12,313)
(6,000)
(3,334)
(31,500)
(10,000)
(1,500)
(750)
(3,000)
(20,653)
(813)
11,500
6,000
(3,334)
31,500
10.000
1,500
750
1,500
12,500
19,800
1,500
(12,500)
19,800
102 050
810 010
108 550)
993 590)
TOTAL FUNDS
183 580)
At the year end the charity held reserves of £712,652 of which £295,947 are unrestricted. The Trustees
revieived the position ané have had the following designations places upon them:
£130,000 Continuation Reserve
Page 16
continued...

HASTINGS FURNITURE SERVICE LTD.
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
16. MOVEMENT IN FUNDS - continued
Description of Restricted Funds
Ernest Kleinwort - IT Systems, to upgrade our computer systems and purchase Wi-Fi cameras for the
stores to improve accessibility, also update our software and security.
Sussex Community Foundation
furniture project.
Cost of living increases, heating, lighting, fuel costs for vans. Office
Sussex Crisis Fund - Laptops for staff.
Hastings Lions Club - Contribution towards starter packs.
Foreshore Trust Volunteer training and expense5.
Blagrave - Continuation of the Kickstarter scheme, allowlng us to extend employment of tralnees.
Social Enterprise Support Fund - Costs of restarting trading and training for DIY courses.
Skipton Building Society- Epos for gift aid.
Awards for All- New van.
Isobel Blackman Foundation Starter packs.
Magdalen and Lasher - Started packs and admin fees.
Southern Water - Flood damage at Priory Meadow.
Chalk Cliff Trust - Volunteer expenses and training.
Tangible Assets
This relate5 to the acqui51tion and redevelopment of Dorset Place; the property from
whlch the charity operates. Motor vehlcles are also Included In thls fund. These assets were purchased
using restricted funds and are depreciated as shown below.
Freehold
Property
Motor
Vehicles
Total
COST
At l Aprll 2023 and 31 March 2024
DEPRECIATION
At l April 2023
Charge for year
At.31 March 2Q24
NET BOOK VALUE
At 31 March 2024
467 746
492 746
65,485
21,668
833
87,153
392 906
395 405
At 31 March 2023
402 261
405 593
Page 17
continued...

HASTINGS FURNITURE SERVICE LTD.
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
18. POST BALANCE SHEET EVENTS
The Bexhill site was sold on 19 July 2024, the decision to sell was based on the ongoing maintenance costs
and the lack of external funding to renovate the site. We are committed to serving the Rother community
and are currently implefflenting a new strategy to maximise our service5 across all of Ha5tings and Rother.
Page 18

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