REGisfERED COMPANY NUMBER: 03254585 (Ertgl#nd and Wales) REGISTERED CHARJTY NUMBER: 11159139 THE WOKING COMMUP4TfY FURNITURE PROJEcr Unaudited Fill4DrixI Sttenthts for the Year EDded JI Marth 2023 ACJCNYBG 2811212023 COMPANIES HOIJSE A15
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Tudor John LImij Nightinylt House 4648 Easi Street SuJTry KT17 IHQ
THE WOKJNG COMMUNITY FURNrruRE PROJECT Contents the Finaneial Statements for the year eDded 31 hlrth 2023 P¥ge Report of the Trnstee$ Independent Examiner'5 Report Ststement of FinaTr¢il Aetiwid Balance Sheet Notes to the FintIal Stattmtnts 7 to 11 Detsued StstemeDt of Fiti*ntiaJ Arfivlrf 12 10 13
THE WOKING COMMUNITY FURNITURE PROJECT (REGISTERED NUMBER: 03254585) Report of th¢ Trn5ttts for the year ellded 31 Marth 2023 Tr tru¢¢$ who are also directws of the cljan.ty for the putp)w of the CotDpawes Act 2006. present their report with the finan¢ial srat¢ments of the ¢han"ry for the year ended 31 March 2023. The twstees have adopted the provisions of Accounting and ReportiDg by Cbarities.. Ststement of R¢conun¢nded Practice applicable io cban'iaes pteparing their accounts in accordance with the Financial ReFK>rting Siandard applicable irt the UK and Republic of Ireland IFRS 102) (effective l January 2019). OBJEcfivES AND AcfiviTIES Bu51Rtss Revie The directors have paid Eard to th¢ chariry comrni5sion 8uidance on public bafit in setting its airns and objcctives. During the year the projeci h¢ld 4.478 [soL with iterns ol fumityjre & ek¢tri¢a] iiems. approKimaiely 35V of whom were referred by socia] setvices or rtlaied organiwions. Tonnag¢ of bulk lien collecred.. 48 tO[ts (th5 not include bTi¢-akn¢). Tonnage disposed of: 7.8 toT¢S Totsl tomiage for claiming Re-w credits.. 42.7 tonn&% Totsl volunteers= 15 Total community Service.. Nonc due to postCOVID Mgatsls- du¢ to r¢¢ornmence May 2023 Stsff.. 5.3 fi]11 time equivalents Collections and deliyeries wert made witb the we of the projert5 vebick. Th¢ management committee resolved at a i¥Mrd TTKCtmg on 27 May 1998 that ¢ash r¢s¢rves equivalent to approximately three months op¢ratiti8 Costs should k held by tbc cbatiuble compaDy. The cotDmitt¢e continucs to moniior (TrrR.rations c.lo¢r.ly in w thai vi fxr as po&sible. Ir rmplieS wih thai rtsoliiiion. FUTURE PLAf4S Pressure on sales has eased as the influence of Covid-l9 reduced and the project has weatheTed the ffsknctions well. As a re5uIt, we have been able tts lty)k to the fiLrore atul prwss the Medical Move5 Énitiative, sraff have been recruited to work on this nece55ary service to the ¢OTnmurtity. The exisijrtg van is getting to the end of its life and we hope to protre a replacement vehicle in the t)ext year. We have also been UFth¢u]g the appearne of Frt)th Nonh Road ond Chapcl Street with new signage. It is hoped thal w¢ will be able to have a PTe5ence in the Peacock5 shopping Centre which will improve the awarents5 of the project as well as bringmg n¢w sales. Ideally, we would like to reduce our d¢pendett¢y on grani$ duri08 tht next ytar. STRUCTURE, GOVERIYANCE AP4D MANAGEMENT Coverning do¢umeni The chariry 15 controlled by its governing do¢umenL a deed of mLSi and con4iNies a limited company. limited by guarantee. defined by the Companies Aci 21M)6. Prineipai Activity The company is a ReStered Chan"ty Nvmber 1059139 and is limited by guaraniee and 50 has no Share capital. The financial interest of the direct(. wbo are also the members. is limited to th¢ £1 guarantee ea¢h giwen by th¢ members. The principal a¢tlVLry of the company in the year Wlder review w&% the TElief of povetty by supplying fUrnire and oiher household g(x>ds to those in the Borwgkl of Wokititr ond adjxent areas. Tnjsttts meet regularly to rnanage the affair5 of the organi5aiion. REFERENCE AM) ADMINISTRATIVE DETAs Reglsiered Company number 03254585 {En8nd and Wales) Registered Charity number 1059139 Page I
THE WOKING COmfUNy FURNITURE PROJECT (REGISTERED NUMBER: 03254585) Report of the Trust¢¢s for th¢ y¢ar ended 31 Marcb 21123 Registered offiee 27 North Road Maybury Woking Sutrey GU215DT Trustees Mrs C M Heath R Timson P Haddow DPHeath RELuff P Atkm5 1ndepelldet ExaJniDer HDay Tudor John Limited Nightingale Hous¢ 4648 Easi Strttt Epsom Surrey KT17 IHQ Fumiture Proj¢¢i Addr¢5$ 27 North Road Maybury w0.g SuTTey GU215DT Bonker CAF BaThk Lirnited 25 Kings Hill AveThue Kings Hill West Ma]lin¥y Kent ME194JQ SolLCitors M Pender LLB SI Marys Rid8way Road Pyrford Woking Surrey GU22 8PR JtK4ep¢ndent examiDer HDay TudorJohn Ltd Nightingale House 4648 East Street Epsom Sutrey KT17 IHQ DIRECTORS. INSURANCE The cotnpany tnaiDtsins lllsLOe to ¢ov¢rthe Direcw5 and officets agaiDSt liabilities in relation io the company. Approved by order ofthe board 0(mCeS OD ...*.. ?j Sid on its bebalfby: Page 2
THE WOKING COMMUNITY FURNITURE PROJEcf (REGISTERED f4UMBER: 1132545851 Report of tht Trustees lor the y¢ar ¢nd¢d 31 March 2923 D P Heath- Trustee Page 3
Independent ExaJDiner'$ Report ¢0 the Trnstees of The Woking Community Furnilure Prnje£t {Register¢d nurnb¢r: 03254585) Independent examiner's report to the trusttts of The WokiDg Cojnmunlty Furnlmre Projett ('the C•mpAny') I wort to the charity tn]stee5 on my examination of the accounts of the Company for the year ended 31 Mch 2023. Responsibilitie5 aDd 1$ ofreport As the chariiys trustees of the Company (and also its directOTS for the Purposes of company law) you are reSnSIble for the preparathon of the accourlts in acCorc with the requirem of the Coropaw'es Act Cthe 2006 A. Having satisfied myself that th¢ accounts of the Con)pany aT¢ not Tequir¢d 10 be auth.ted under Part 16 of the 2006 Act and are ellble for independent examination. I wort in respect of my exarnination of yout chatity's ac¢ounts as ¢arried out under Section 145 of the Charitie5 Act 2011 Cthe 2011 Ace). In earying out my examination I have followed the Directions given by Ihe Charity Commission under Sttiion 145(5) Ib) of the 2011 ACL Indendent ex#mitter'$ st¥tetnett¢ I bave completed my examination. I coJJfirm that DO rnattcrs have COME to my atteDtion in CODtLection with the examinatiort vIng m¢ ¢aus¢ believe.. aUntIng r¢¢ords were not kept in resrrtdof the Company as tequir&4 by Section 386 of tht 2006 ACL or the attounts do not xcord with those 0[d$. or the accounLS do not cotDply with the accountin8 requitemrnts of Seciion 396 of the 2(KJ6 Act other than any tequirement that the accots ve a twe and f"t view which is Th)1 8 matter considerol as part of an indepeDdent examirjation" or the accounts have not been prepared tn accothce with the methods and principle5 of the Statement of Recommended Pra¢ti¢e for accounting and re[llg by ¢h8m"ties (appli¢able io charities preparn)g their accounts in accordance with the Financial Rcwiing Sondard applicable in the UK and Republkc of Ireland (FRS 102)). I have no concerns atMI have comc acros5 no Oth matters in co[er110n with the examiThatLon to which attrntion sknuld be dnwu in this report in order to eoable a proper Understin of the ¥couDts b¢ re¥hed. Hthy Tudor John Limiltd Nighiin8ale Ho 4648 East Street Epsotn Surrey KT17 IHQ Page 4
THE WOKING COMMUNITY FURNITURE PROJECT Statement Df Financial Activities ft)r the yer ended 31 Mr¢h 2023 2023 Total fimds 2022 Total fimds funds fimds Notes INCOME AfiD ENDOWMEwfs FROM Donations and legacies 22.622 32.849 55,471 48,325 Otb¢r trddjng activities Invesknient income Other iticome 98.782 645 1.759 98,782 645 1,759 86,036 48 5,691 Total 123,808 32,849 156.657 140.100 EXPENDITURE ON Raising fimds 1,321 1,321 416 Charitsble #¢ttvlties Staff costs General ¢05ts Transp)rt costs Depreciation of fixed assets 96.121 14.5fA) 1,298 6.564 17.048 .553 2,673 314 113,169 16.113 3.971 6,878 109,187 19,260 3,490 9,529 Total 119,864 21.$88 141,452 141.882 NET INCOMEI(EXPENDITURE) Tr#nsfers bEtw¢en funds 11261 (5.000) 15,205 {I,782) Iyet movernent in fund5 6261 15.205 (1,782) RECONCILIATION OF FUNDS Total fijnds brought forward 182.024 13.C4)9 195.033 196,815 TOTAL FiJNDS CARRIED FORWARD 190,968 19270 210.238 195,033 The noL¢S fonn pan of these finwial staiements Page 5
THE WOKING COMMUNITY FURNfTURE PROJECT (REGISTERED NUMBER." 03254585) Balance Sheet 31 Marth 2023 2023 Total fiLn(ts 2022 Totsl filllds fijlw Not¢s FIXED ASSETS Tangible IW.757 2.512 103.269 106.894 CUBIIENf ASSETS Debto Cash at bank 8227 86.409 8227 103,167 10,338 82.335 16,758 94,636 16.758 111.394 92.673 CREDfToRS Amounts falling due within one year 10 {4.425) (4,425) (4,534) NET CURRENT ASSETS 211 16,758 106.969 88.139 TOTAL ASSETS LESS CURRE LIABILITIES 1SYJ.968 19270 210,238 195,033 r4ET ASSETS I,968 19270 210238 195.033 Unrestrieted ffi&s Restrictrd futtds 190,968 19,270 182,024 13.009 TOTAL FUNDS 210,238 195,033 Th¢ ¢haTitsble compaDy is entitled exeTWion frott) atyjit Sectioo 477 of the Cornpanie5 Act 2[ for thc year ended 31 MaT¢h 2023. members have not requ the company to Ob"n an audit of its fuw)¢ial staments for Ihe year etmled 31 mCh 2023 in accord¢ with Seeiion 476 of the Companie5 Act 2¢I)6. The ttw¢¢es a¢kJwledge their Tespjnsibiliiits for (a) ensurittg thot the ¢lwirable company keeps c(xmtÉn8 records that ¢omply with Sections 386 2nd 387 of the Companies Act 2006 and preparin8 fjnancial statements 7whi¢h give a true aud fair view of tbe str* of affairs of the cbaritable company &$ at the end of eaeh financial ytar and of its SUTplus or deficit for each finan¢io1 year ith accordance with the requiremcnts of Se¢tions 394 and 395 at which otherwise Comply with the requirctnents of the Companbes Act 2006 fflaiing to fmancial stattrneDts. so far as applab to the chan"tsble ¢ompatty. (b) Thes¢ financial ststheDts have be¢n Prepa ID xrordance wtth the w)ViSiODS apphcabk to charitable coms)anie5 subject the small ¢ompanies regime. The fjtwicial ststements weTe approved by the Board of Tnwe¢s and authorised for is5U¢ .2.211212023 .. and were $ied on its hlIF by: on D P Heath - Trustet The notes fonn tArn of these financial 5tarements Page 6
THE WOKING COMMUNITY FUltThTruRE PROJECT Notes to the Fthan¢ii Staiem¢nt5 for th¢ year ¢Dded 31 Mareh 2023 ACCOUNTINC POLICIES BASIS OF PREPARtL¥G THE FINANCIAL STATEMEIYTS The financial ststemethts of the chantable company, which is a public benefit entity uThJer FRS 102, have been prepared ill accordance with the Chanties SOiiP IFRS 102) 'Accounting Rekx)rting by Charities.. Statement of RecoTnTnended PTrcti¢¢ applicable (o ¢hatities prepatJnE their accounts in accordance wjth the Ftnaneial R¢ponin8 Standard applicable in the UK and Republic of IrclaJ (FRS 102) (effecuve l January 2019),. FiDancial Reporting SrandaTd 102 The Financial Reportin8 Standard applicable in the UK and Republi¢ of rreland. and the Cotnpanhes A¢t 21XJ6. The fu)an¢ial swements hav¢ been pT¢pared wJd¢r the hislorical c05t ¢ottveTLtiOII. CO All ineome is r¢cols¢d in the Sktemen¢ of Financial Acuvities once the charity h&% entitlement to the fjjnds. il is probabl¢ that the income will be Teceivtd and the amwit can be nula rehably. EXPENDITUR£ Liabilities are rcc¢wLised as expendintr¢ as s(} ¥ there is a legal or con%lnJctive obligati¢)n a)mmitting the chan.ry to that ¢xpendibJre, it is probable that a tTrnsfer of 0Tl1¢ b¢urfits will b¢ required in settlement and the amount of the obligation Can be mwured reliably. ExwKliture is account for on an arrnLals basis and has been cIlfied wider heathDgs agwga all Cost ye¢d to th¢ ca80ry. Where costs Car01 be directly atthbured particular headings they have Ixen allocated a¢livities on a basis ¢onsist¢nL with the use of resources. TANGIBLE FIXED ASSETS Tangible fjxed assets 3Te stated al COSL Provision for deprttiion 15 made at rates calculated to spread the cost ¢venly over its wfijl life. Freehold Buildin85 G3t¢s, dcx)rs, kitchen equiprnetL( drives. similar improvcmrnts to freehold PrOrtY Equipment and tDo¢or vebi¢les rr software ond hardware StraIt lint, over fify yeats Stiaight line. tsveT ten yeaTS Straight litjc, over fiv¢ years Stnighi line, over three years TAXATION The Chariry is exempt from corporation its chlb activities. FUND ACCOUPaTr4G Uwcstricted fiLnds tan be ed in aCcOrdae with the charitablc ¢JeCtiveS at the discretion of the tsustees. R¢stricted fimd5 can only be u5rd for particular ffsTJi¢¢ed pwposes within the obJts of the charity. Re5tridion5 arise when specified by the donororwhen fll[ are rni5cd for particular rtStyi¢t¢d purposes. Fwther explanation of thc natsre and putpos¢ of each is included in the note5 to the flnancial ststelnents. PENSION COSTS Af4D OTHER POST.RETIREMENT BENEFrrs Tb¢ etwitsble comp3lly OateS a defined ¢ontributioll pension scheme. ContributiODS payable to the chsritable Compan$ p¢nsion %h¢me are clJar8ed the Ststement ofFitthncial Activities in th¢ perithl ¢0 which they relate. Page 7 continued...
THE WOKING COhlMUNITY FURNITURE PROJE Notes to the Financial Statements- tolbtinued (or tbt year e#ded 31 Mv¢k 2023 OTHER TRADING ACTIVITIES 2023 2022 Shop sales of donated items tnternet sales of donated items Surrey County Council (Revwe crtth"ts) 95.085 671 3.026 80,107 3.386 2,543 98.782 86,036 2023 2022 Deposit account intercst 645 NET INcoTrfEiffxpENDITURE} Net income1{eXndalr¢) i$ stated after charwg(crediting).' 2023 2022 tkpTXtation- owned assets 6.877 9,530 TRusfEES' REMUNERATION AND BENEFfTS There were no trustees, reTnuiiern¢ion or other bcnefits for the year.ended 31 Nfarch 2023 nor for the year ended 31 March 2022. IRUSTEES, EXPENSES There were Th) trust¢es' expetLses paid for the year ended 31 Match 2023 nor for the year ended 31 Marcll 2022. STAFF COSTS The averdge rnonthly numberof employees during the yearwas as follows: 2023 2022 ChaTitable activities No employees received emolumens its excess of £60.(M)O. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACrnIITIES thuestii¢ted Restricted fvnds Total INCOME AND ENDOWMENTS FROM Donaijons and legacie5 27.199 21.126 48.325 Orher tradins activities Investm¢rtt income Other iTJCOtnt 86.036 48 5,691 86,036 48 5.691 Total 118.974 21.126 140,ITr) EXPENDITURE ON Page 8 coniinued..
THE WOKtNG COMMUNITY FURNETURE PROJEC[ Notes tts the fiDaDeiaJ St#tements- totslknutd for the year ¢4ded 31 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES- UrLrestricied Restricted fi)nd5 Total fijnds Raising fimds 416 416 Charitable #ttivil Staff costs General costs Traosport costs Depreciation of flxed assds 89,205 18253 19,982 1.007 3,490 109,187 19.260 3.490 9,529 9245 Total 1.17,119 24,763 141,882 r4ET INCOMEI(EXPENDITURE) 1,855 (3,637) 11,782) RECONCTLIATION OF FUNDS Totsl funds brought forward 180.170 16.645 196.815 TOTAL FUNDS CARRIED FORWARD 182.025 13.008 195.033 TANGIBLE FIXED ASSETS Freehold property Motor vehicles Computer equipment fittin8S Totals COST At l Awil 2022 Athiitions 210,143 2.456 4,578 108 21,559 47.954 688 284234 3,252 At 31 March 2023 212.599 4,686 21,559 48.642 287,486 DEPRECIATION Ai l Apnl 2022 Clthrtse ftsr yeaT l(M,484 5.924 3,831 365 21.559 47.466 588 177J40 6.877 At 31 March 2023 110,408 4,196 21,559 48,054 184217 IYET BOOK VALUE At 31 March 2tr23 102,191 490 588 103,269 Ai 31 March 2022 105,659 747 106,894 Pa.oe 9 continued...
THE WOKING COMMi)r4TrY FURNMIRE PROJECT Notes to the Finxlltial Stattments- continued for the year ended 31 Marth 2023 DEBTORS: AMOUP4TS FALLING DUE wmllN ONE YEAR 2023 2022 Trdde debtors Otherdebtors VAT Pffpayments and awiKd itt¢om¢ 782 45 675 6,725 4,371 5,485 8227 10.338 io. CREDITO. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trdde creditor5 So¢Jal wurity and oth¢r tsxes 1.679 1.646 1.886 1,648 I,O(K) 4,425 4,534 ii. Trdn$f¢rs rnovement in fijnds At 31.3.23 At 1.4.22 fimds Unrestri¢ted funds Generdl fund Sinkfftg fuTrJ 152289 29,735 161.233 29.735 182.024 ISX),968 Rtricted fun< Restricted genera] 13.(X)9 11261 (s,{} 19.270 TOTAL FUNDS 195.033 15.205 210,238 Net movement in funds. in¢ludtyJ irt the alJ)ve art as follows: IrKoming Movement UDr¢$tricted funds General fund 123.808 (119,864) Restritted funds Restricted generdl 32.849 (21.588) I l.261 TOTAL FUNDS 156,657 {l41,452) 15.205 Pase 10 continued..
THE WOKING COMMUNITY FURNITURE PROJECT Notes to the FanCial StAtements- contin•ed for the year etsded Jl March 2023 ii. MOVEfvtENT IN FUNDS-CODtinued Compar*tive5 for movement in funds Net movetneTJt in funds At 31.3.22 At 1_4.21 UDrestricted fund$ General fund Sinkin8 fimd 150.435 29,735 I,854 152,289 29,735 180,170 1,8S4 182,024 Restricted funds Restri£kd general 16.645 (3.636) 13,009 TOTAL FUNDS 196.815 (1.782) 195,033 Comp•ntive nei nKJvement in fi. inclth in the above aTe as follows.. In¢oming Resourtts rrsources exFrn(kd Movement in fun(Ls UDrestri¢ted hnds General fijnd 118,974 (117,120) 1,854 Restrided fumds Restricted general 21.126 (24,762) (3.636) TOTAL FUNDS 140,1 (141.882) (1.782) 12. RELATED PARTY DISCLOSURLS Thert were no related paty traCtionS for the yearended 31 March 2023.
THE WOKING COMMUNITY FURNITURE PROJECT Detxiled Sti¢meDt of Financial Attiviti for the year ended 31 mCh 2023 2023 2022 INCOME AND ENDOWMENTS DoDadons and legacies Dot)aiions Donations forcollections 37.329 18.142 32,908 15,417 55.471 48.325 Other ¢r•ding a¢tiviti Shop sal&s of doDatcd items Iniem¢t sales of donated item5 SuTrey County Couucil (Re-use cr¢th"ts) 95,085 671 3.026 80,107 3,386 2.543 98.782 86.036 IthvestmeThi lcome Deposit account interest 645 48 Other income Other incorne Gov¢mm¢nt t$ 1.759 L,757 3.934 1.759 5,691 Totsl incoming resourees 156,657 140,100 EXPENDITURE Other trading 4¢tivities Marketin¥ and publicity ,321 416 Charitablt aetiviliel Wages Social sccurity Pensions insur8n¢¢ Utililies andwaste disposal Telephone rr costs Cotswltsnry attd fees Subscription5 Bank and credit card charges Admmistrntiv¢ alld other expeLses Workshop and shop equipment Moior vebiele ¢xpenses Staff and volunteer training and expenses Freeknld property Fixttres artd fillings Compuier equipment 108.027 2.039 2,819 4.147 2.673 2.203 677 26 450 1,954 2.132 104.056 2,442 2,689 4219 3281 1,769 561 13 621 1,810 3,753 333 3,490 1.800 5.787 354 3.388 3.971 871 5.924 365 589 138,931 140,366 This page doe5 not form part of the swuiory financial ststements Page 12
THE WOKING COMMUNrrY FURNfTURE PROJECT Detailed Statement of Fatill A£tivitie5 ror the year ended 51.1reh 202J 2023 2022 Support Costs Governance costs Accountancy and legal fees 1,2(Xl Total resoutces exwxled l4l,452 141,882 Net In<omellexpetsditwre} 15.205 (1.7821 llus page does fomi pan of the sratutory financial sratements Page 13