REGISTERED COMPANY NUMBER: 03254585 (EnEIAnd Ivales) REGISTERED CHARTfY NUMBER: 1059139 THE IVOKING COMMUNITY FURNITURE PROJEcr Unaudited FlnanclRI Statements for the Year Ended 31 Mareh 2024 Xeinadin Nightingale House 4648 East Street Epsom SuTtey KT17 IHQ Contents of tbe FiDaD¢ial Statements for the year ended 31 March 2024 Page Report of the Trustees Independent Exanthier's Report State￿ellt ofFinancial Activlties Bal4n¢e Sheet Nofes to the Flnan¢l&l Statements 6 trj ll THE IVOKING COMMUNrrY FURNITURE PROJE￿ (REGISTERED NUMBER: 03254585) Report of Ihe Truslees for the year ended 31 March 2024 The trustees who are also dire¢tors of the charity for the pu￿OSe$ of the Coibpanies Act 2006, present their report with tbe financial statements of the charity for the year ended 31 March 2024. The trustres have adopted the provisions of Accounling and Reporting by Charlties: Statement of Recommended Practice applicable lo ¢haritAes preparing tbeir accounts in accordance with the Finattcial Re￿IrtIllg Standard appli¢able in the UK and Republic of Ireland IFRS 102) (effective J January 2019). OBJECTIVES AND ACTIVITIES Busknes$ Revlew The directors have paid regard to the charity commission guidance on public benefit in setting its aims and objectives. During the year the project helped 4.670 persons with ilems of furnilure & el￿trIcaL items, approximalely 350/0 of whom were referred by social services or related organisations. Tonnage of bulk items collected: 44.7 tonnes (does not include bricva-brac). Tonnage disposed of., I I tonnes Total tonnage for ¢lairning Re-USc credits: 40.9 tonnes Total volunteers,. 16 Totsl comtnwiity service: 6 (750 hours) Staff.. 4 full time equivalent Collections Bnd deliveries were made with the use of the prOj￿1'S own vehicl¢. The rnanftgement committee resolved al a board rneeling on 27 May 1998 that cash reserves equivalent to 8pproximately tI￿ee months operating costs should be held by the charitable company. The conimittee continues to monilor operations closely in so that, so far as possible, it complies with that resolulion. FUTURE PLANS The after effects of Ihe Covid disTUPtion have now subsided and we have been able lo stabilise the operatioii. Following a slow sta¢ the Medical Moves initiative is now getting tr8¢tion and we are se¢inB interest from variou$ loeal beallh outhorilies. The puwbase of a n¢w van has a5Si5ted in our efforts to collect additional donations and increase the quality of our stock. tn the next year we intend to coosoltdale and make improvements to the fabric of the buildtng, updating and decorating some of the internal areas. The garage4 which have been used for overtlow and storage are to be subjccl lo mainlenance and improvement. Onc of the primary issues for the coming Yea￿ 18 to improve the public profile of the ch￿lty and illcrease publi awarcnG8S. We will b¢ looking to updalc our social media prcscnee and attcnd l¢)cal cv¢nts ai which we ivill have manned stands with the inl¢nlion of meeting people and encournginB the donation of ilems to the charity, Only by increasing the revenue from shop sales and Medical Moves will we be able to reduce the amount which is rfiised from grnnls. providing a more sound financial footing in the event of do￿lums. STRUCTURK, GOVERNANCE AND MANAGEMENT GoverDlng do¢ument Th¢ chaTity is controlled by its governing d￿umen( a deed of trust, aad Consti￿t¢S a limited compauyi limited by guar8ntec, as defined by the Companie5 Act 2006. PrlD¢lpal Actlvlty The company is a Registered Charity Number 1059139 and 15 limited by guaTpntee and so ha5 no shatt capil81. The financial interest of the directors, who are also the members. is limited lo the £1 guarantee each given by the members. The prin¢ipJl aclivity of Ihe company in the year under revt¢w was the relief of povety by supplying furnitLW¢ and other housel)old goods to those in th¢ Borou8h of Woking and adjacent areas. Trustees meet regularly to manage the affairs ofthe OTganisation. REFERENCE AND ADMINISTRATIVE DETAll Registered Company number 03254585 (England and Wales) Reglster¢d ChRrEty number 1059139 Page I THE IVOKING COMMUNITY FURNITURE PRoJEcf OiEGISTERED NUMBER: 03254585) Report of the Trustees for the year ended 31 March 2024 ReElster¢d office 27 North Road Maybury Woking Surrey GU215DT Trustees Mrs C M Heath R Tinson P Haddow D P Heath RELuff P Atkins Independent Eximlner HDay Xeinadin Nightingale House 4648 East Street EpsoI Surr¢y KT17 IHQ Banker CAF Bank Lirniled 25 Kin8s Hill Avenue Kiiigs Hill West Malling Kent ME194JQ Soilcltor8 M Pender LLB St Marys Ridgiyay Road Pyrford Woking Surrey GU22 8PR DIRECTORS, INSURANCE The company maintains insurance to Cover the Directors and officers against liabilities in relation to the company. Approved by order of the board of tTUStees on ............................................. and signcd on its behalf by: D P Heath - Trustee Page 2 Independent ExAminer's Report lo Ihe Trnslees of The Woklng Community Furniture Project (Regtstered number: 03254585) Jndepend¢nt examlner's report to the Irustee5 of The Woklng CommuDIty Furnlture Projeet ('tbe Company,) I report to the chaTity trustees on my examination of the a￿ount8 of the Company for the year ended 31 March 2024. Responslblllrfes And basls of report As the Charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Havitig satisfied myself that the accounts of the Company are not required to be audited wider Part 16 of the 2¢X16 Act and are eligible for independent examination. I report in r¢spe¢t of my examination of your charitys accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 ACV). In carrying out my examination I have followed the Direction5 given by tbe Charity Commission under Section 145(5) (b) of the 2011 Act. Independent ezamlner's Statement I have compleled my examination. I confum that no matters have come lo my attention in connection wilh the examination giving me cause to bclieve: accounting records were not kept in res￿1 of the Company as required by Section 386 of Ihe 2006 Act; or the accounts do not accord with those records; or the accounts do not comply with the accounling requtrements of Section 396 of the 2006 Act other than any requirement thal the accounts give a tTue and 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 methods and principles of the Stal¢m¢nl of Recommended Practice for accounting and reporting by charilies (applicable to charities preparing their accounts in accordance with the Finan¢ial Reporting Stsnd8rd applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in ￿nneCtIOn with the examination to which attention should be drawn in this report in order lo enable a proper undet5tsnding of Ihe accounts lo be reached. HDay Xein8din Ni8htin8al¢ House 4648 East Street Epsom sUr￿Y KT17 IHQ Dale.. Pag¢ 3 THE IVOKING COmMuNf￿ FURNITURE PROJEcr Statement of Flnantlal Acrfvltles foT the year ended 31 March 2024 2024 Total funds 2023 Totsl funds Unre5tricled fimds Restricted funds Nole5 INCOME IIND ENDOIVMENfs FROM Donations and l¢ga¢ies 23,251 36,090 59,341 55,471 Other trading activities Investment income Other income 105,715 2,218 2,054 260 105,975 2,218 2,054 9B.782 645 1,759 Total 133,238 36,350 169,588 156,657 EXPENDITURE ON Raising ￿llds 184 450 634 1,321 Cliarltable actlvltles Staff costs General costs TraDSPOrt costs Dcprcciation of fLxed assets 115,654 A2,994 ,785 8,188 7,113 4,527 3,485 283 122,767 17,521 5,270 8,471 113,169 16,113 3,971 6,878 Total 138,805 15,858 154,663 141,452 NET INCOMEI(EXPENDITURE) Tran$fer8 between funds (5,567) 19.000 20,492 (19.000) 14,925 15,205 Net movement In funds 13,433 1,492 14,925 I5,205 RECONCtLIATION OF FUNDS Tolal funds broii8hi forward 190.968 19,270 210,238 195,033 TOTAL FUNDS CARRIED FORIVARD 204,401 20,762 225,163 210,238 The notes fom] patl of these fina￿181 statements Page 4 THE WOKING COMMUNITY FURNITURE PROJEcf (REGisfERED NUMBER: 03254585) Bglgnee Sheet 31 March 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted nds Notes FIXED ASSETS Tangible assets 129.098 1.642 130,740 103,269 CURRENT ASSETS Debtors Cash at bank 21,953 57.382 21,953 76,502 8,227 103,167 19,J20 79.335 19,120 98,455 111.394 CREDITORS Amounts falling due within one year io (4,032) (4.032) (4,425) NET CURRENT ASSETS 75,303 19.120 94,423 106,969 TOTAL ASSETS LESS CURRENT LIABILITIES 204,401 20,762 225,163 210,238 NET ASSETS 204,401 20,762 225.163 210,238 FUNDS Unrestrtcted funds Restricted funds 204,401 20,762 190,968 19,270 TOTAL FUNDS 225.163 210,238 The charitable Company is entitled lo exemption from audit under Seclion 477 of the Companies Act 2006 for the year ended 31 March 2024. The m¢mb¢rs have not Tequired the company to obtain an audit of its fll)ancial statements for tbe year ended 31 March 2024 in accordance with Scction 476 of the Companies Act 2006. The ttuslees acknowledge their responsibilities for (a) ensuring that the charilable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial s18temenls which give a trne and fair view of Ihe slate Oraffai￿ of the charilablc company as al the end of each financial year and of its surplus or deficit for each fmancial year in accordance with the requirements of Seclions 394 and 395 and which otherwise comply wlth the requiremenls of the Companies Act 2006 relating to financial statements, so far as appIl￿ble to the charitable company. (b) Thesc financial statements have been prepared in accordance with the provisions applicable to charitsble companles subject to the small companies regim¢. The financial statements were approved by the Board of Ttustea8 and authorised for issue . and wer¢ signed on its behalf by: on D P Heath- Trustee The notes fomi part of these financial slalements Page 5 THE IVOKING COMMUNITY FURNITURE PROJEcr Notes ¢0 the F￿￿1¢1•1 Statements for the year cndcd 31 March 2024 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The fuiancial statements of the clwitable company. which is a public benefit entity under FRS 102, have been prepaffd itl accordance with the Charities SORP (FRS 102) 'AccountinB and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance ivkth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Finan¢ial Reporting Standard applicable in the UK And Republic of Ireland, and the Companies Act 21J)6. The fmancial slalements have been prepared under the historical cost ¢onv¢ntion. coh All income is reeognised in the Statement of Financial Aetivtties once the eharity has elltitlemetst to tbe fi]llds, it is probabl¢ that the income will b¢ received and the amount can be measured reliably. EXPENDITURE Liabilities are recognised as expendi￿re as soon as there is a legal or constructive obligation committing the Charity to Ihat ¢xp¢nditur¢, il is probable that a tr8nsf¢r of economic b¢n¢fits ivill b¢ required in settlemenl and the amowil of the obligation can be measured reliably. Ex￿ndItute is accounted for on an accruals basis and has been classified under headings that aggregate all cosl relaied lo the category. Ivhere c051s cannot be directly attributed to particular headings they hav¢ been ￿lOc￿ed to 8ctiviti¢s on a basis consistent with the use of rcsourccs. TANGIBLE FIXED ASSETS Tangible fixed assets ar¢ stat¢d at v)st. Provision for depreciation is m&d¢ a¢ rates ￿l¢ll181¢d to spread the ¢osl evenly over its usefiil lile. Fr¢ebold Buildin8S Gales, doors, kitchen equipment. dri￿, similar improvements to freehold propety Equipment and motor vehicles IT soliware wid hardwa Strai8hl line. over fifty years Straigbt line, over len years Straight lin¢, over five years Straight line, over three year8 TAXATION The Charity is exempt from ci>rporalion tsx on its Charitable a¢livitie8. FUND ACCOUNTING Unreslricled futKls ean be used in aceordan¢e wilh the charilable obj￿Ilve$ at Ihe discttlion of the trustees. Rcstri¢led fimds ¢an only be used for particular restricted pltposes within the objects of the ch8rity. Restrictions arise when specified by the donor or when funds are rdised for particular restricted puwes. Further explanation of the nath and purpose of each fund is included in the notes to the financial stslements. PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS The charithble company operdles a defined contributTon pension scheme. Contributions payable to the charitoble company's pension scheme are charged to lh¢ Stal¢m¢nl of Finan¢i81 Acliviti¢s in th¢ period lo which they relate. Page 6 coiitiilued... THE IVOKING COMMUNITY FURNITURE PROJEcr Notes to the FinancfiAI Statements - collthiued for the year ended 31 March 2024 OTHER TRADING AcrivrriES 2024 2023 Shop sales of donated Items Internet sales of donated items Suffey County Coullcil (Re-use credits) 102,561 677 2,737 95,085 671 3,026 105,975 98,782 INVESTMENf INCOME 2024 2023 Deposit a¢¢ount interest 2,218 645 NET INCOMEI(EXPENDITURE) Net in¢omeJ(expenditure) is staled after charginW(¢reditiDg): 2024 2023 Dcprcciation - owncd assels Surplu8 on disposal of r￿ed assets 8.473 (4,1(Ki) 6,877 TRUSTEESI REMUNERATION AND BENEFITS There were no tsvstees, remuneration or other benefits for the year ended 31 March 2024 nor for the year end 31 Marcb 2023. TRUSTEESI EXPENSES There were DO trustees, expenses paid for the year ended 31 MaTch 2024 nor for the year ended 31 March 2023. STAFF COSTS The average monthly number of employee5 during the year w&8 as follows: 2024 2023 Charitable aclivities No employees received emoluments in excesy of £60,000. Page 7 continued... THE IvoiaNG COMMUNITY FURNITURE PROJECT Noles to the Flnanclal Sl&tements- eontlnued for the year ¢ndcd 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIvrrIES Unrestricted funds Restricted funds Total funds INCO￿ AND ENDOIVMENTS FROM Donations and legacies 22,622 32,849 55,471 Other trading aclivities Investrnenl income Other income 98,782 645 1.759 98,782 645 1,759 Totol 123,808 32,849 156,657 EXPENDITURE ON R&i8in8 fimds 1,321 1,321 Charllfible actlvltles Staff costs General Costs Trattsport costs Depreciation of fixed as5els 96,121 14,560 1,298 6,564 17,048 ,553 2,673 314 113,169 16,113 3,971 6,878 Total 119,864 21,588 141,452 NET INCOI Transfers between funds 11,261 (5,000) 15.205 Net movement kn fundg 8,944 6,261 15,205 RECONCILIATION OF FUNDS Total funds brought for*vard 182,024 lJ,(X)9 195,033 TOTAL FUNDS CARRIED FORWARD 190,968 19,270 210,238 Page 8 continued... THE IVOKING COMMUNITY FURNITURE PROJECT Notes to the FknRuelal Statements- coJithMed for theyear ended 31 Marcb 2024 TANGIBLE r￿ED ASSETS Fixtures Freehold property Motor vehi¢lcs Computer equipment fittin8S Tots]s COST At l April 2023 Addilions Disposals 212,599 4,686 21.559 35,440 (21.559) 48,642 504 287,486 35,944 (21,559) At 31 March 2024 212,599 4,686 35,440 49,146 301,871 DEPRECIATION At l AprAI 2023 Charge for year Elimina*d on disposal 110.408 5,864 4,196 238 21,559 1.772 (21,559) 48,054 599 184,217 8.473 (21,559) At 31 Mawh 2024 116,272 4.434 1,772 48,653 171.131 NET BOOK VALUE At 31 March 2024 96,327 252 33,668 493 130,740 At 31 March 2023 102,191 490 588 103,269 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors VAT Prepayments and a￿￿ed in¢ome 538 140 7.523 13,752 782 45 675 6,725 21,953 8,227 10. CREDITORS: AMOUNTS FkLLING DUE WJTIIIN ONE YEAR 2024 2023 Trade credito SoGi&l security and other taxc8 Accrued expenses 900 1,734 1,398 ,679 1,646 I,ioo 4,032 4,425 Page 9 conlinued... THE IVOKING COMMUNrrY FURMTURE PROJECT Notes to the Flnanclal Statements- contlnued for the year ended 31 March 2024 ii. MOVEMENT IN FUNDS Net movemeTht in fi￿dS TrnnsfeTS between funds At 31.3.24 At 1.4.23 Unr¢stricl¢d funds General fund Sinking ￿lld 161233 29,735 (5,567) 19,(XKI 174,666 29,735 190,968 (5.567) 19,000 204,401 Restrleted funds Restricted general 19,270 1,492 19,000 20,762 (19,000) 19.270 20.492 {19.lJOO) 20,762 TOTAL FUNDS 210,238 14,925 225,163 Net movemenl in funds, included in Ihe above are as follows: Incomin8 resources Resources expended Movemcnl in fijnds Unrestrleted funds Gen¢ral fjjnd 133,238 (138,805) (5,567) Restrlcted funds Restricted gcncral 17,350 19,1rf)0 (15.858) 1,492 19,0(K) 36,350 (15,858) 20,492 TOTAL FUL¥4DS 169,588 (154,663) 14,925 ComparAtlve5 for movemeDI In funds Net movement in funds Transfe]¥ behyeen fun