Charfty regl$lration number 1059139 IEngland and Wales) Company reglstratlon number 03254585 THE WOKING COMMUNITY FURNITURE PROJECT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE WOKING COMMUNITY FURNITURE PROJECT LEGALAND ADMINISTRATIVE INFORMATION Trusteos Mr D P Heath Mr P Haddow Mrs C M Healh MrRELuff P Atkins Charlty number (England and Wales) 1059139 Company number 03254585 Reglstered offlce 27 North Road Maybury Woking Surrey UK GU2150T Indgpendont axamlngr Hazel Day Nighlingale House 4648 East street Epsom Surrey Unlted Klngdom KT17 1HQ M Pender LLB Sl Marys Rldgway Road Pyrford Woking Surrey GU22 8PR Sollcltors
THE WOKING COMMUNITY FURNITURE PROJECT CONTENTS Page Truslee8' report Independent 8xamln8rfs report Statement ol financlal activities Balance sheet Notes lo th8 finan¢lal slalemenls 7-14
THE WOKING COMMUNITY FURNITURE PROJECT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present Ihelr annual report and financial statements lor Ihe year ended 31 March 2025. The financial statements have been pr8par8d in accordance with the accountlng pollcles set out in note 1 lo the financial slalements and compty wilh the charitys governing document, the Companies Act 2006. FRS 102 "The Flnanclal Reportlng Standard applicable in Ihe UK and Republic of Ireland" and Ihe Charitias SORP 'A¢counting and Reportlng by Charilles.. Slatemenl of Recommended Pfactice appllcablè lo charilies preparlng Ihelr accounts in accordance wlth the Financlal Reporting Standard applicable in the UK and R8publlc of Ireland (FRS 102)" Objectlvos and acllvltles The company is a Registered Charity Number 1059139 and Is limited by guarante6 and so has no share capital. The financial Interest of the dlrectors. who are also Ihe members. is limited lo the £1 guarantee each given by the members. The principal activity of the company in Ihe year under review was Ihe relief of povety by supplying furnilure and other household goods to those in the Borough of Woking and adjacent areas. Trustees meet regularly lo manage the affairs of Ihe organisalion. Publlc bénellt The trustees have paid due regard to guEdanc8 Issued by the Charity Comm18slon In decldlng what a¢tlvllle$ the Charity should undertake. A¢hl•vements and performance Slgnific8nl aclivltles and achlevemenls against obJe¢lives The dlrectors have pald regard lo the charity commls$lon guidance on publlc benefit In 8etllng Ils aims and obJ8cIIv8s. During th8 year th8 prolecl helped 4,411 persons with items of furnllure & ele¢lrlcal Items, approxlmalely 350/0 of whom were referred by social services or related organlsalions. Tonnage of bulk i18ms colleclad.. 42.4 lonne5 (does not includ8 brlc-a-brac). Tonnage dlsposed of.. 15 lonnes Total lonnage for daiming Re-use credlls.. 36.5 lonn88 Tol81 volunl8Érs'. 14 Total community service; 7 (760 hours) Staff.. 4 full lime equlvalenl Collections and deliveries were made wilh Ihe use of Ihe project's own vehicle. Flnanclal rèvlew Reserves pollcy The managem8nl commlttee resolved at a board meeling on 27 May 1998 Ihal cash reserves equlvalent to approxlmalely three months operatlng costs should be held by tho charitable company. The commilleo continues lo monilor operatlons closely in so that, so far as posslble, il complies wllh Ihat resolullon Plans for futura pgrlods Despite a slighlly slower year. the charity experienced only 8 marginal cashflow deficit and 8till retains a healthy cash reserve to cover unexpecled evenlualilies. The new van has assisted in our 8fforts to collgct additional donations and increase the quality of our slock. Additionally. a new arrangemenl regarding the operation of the Chapel Street branch has wnlributed positively to the financial resulls of the charfty. One of tho key alms for the comlng year wlll be regarding Ihe generation of som8 addillonal VenUe to combat rislng costs of inflation- dependent expendilures. Additionally. tha charity will be Iijoking lo further increas8 ils publiclly through various local channels lo increase the quantity and quallty of donations. as well as increase the fooffall associated wlth Ils North Road branch
THE WOKING COMMUNITY FURNITURE PROJECT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governancè and management The Irustees, who are 8150 the directOTS for Ihe purSe of company law, and who served durin9 Ihe year and up lo the da16 of slgnature of the finandal Slalements viere: Mr D P Healh Mr P Haddow Mrs C M Heath MrRELuff Mr R Tin80n P Alkins (Relired 10 February 2025) The trusl888' report was 8pproved by the Boafd of Twslee8. Mr D P He8lh Trustee
THE WOKING COMMUNITY FURNITURE PROJECT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WOKING COMMUNITY FURNITURE PROJECT I r8POrt to the Iruslees on my examlnatlon ol the flnandal slalements of The Woklng Communlty Furnlturè Project (the charity) for Ihe year endgd 31 March 2025. Responslbllltlas and bas18 ol report A8 the trustees of the chaTity {and also Ils dlreelors for the PUryK)ses of wmpany law), you are r8sponslblè lor the preparallon of tho nnaneial slalements In accordancè wilh the requiremenls of Ihe Companie5 Act 2006. Havlng s9tisfiod myself that th8 flnandal slalemenls of the charity are not required lo be audlted under Part 16 of the Companles Act 2006 and arè ellglble for independent examlnalion, I report In respect of my 8xamln8llon of th9 charlly's flnanclal slalem8nl8 carrled out under 8ectlon 145 of Ihe Charltles Act 2011. In carying out my examln8llon I have followed th8 Dlrectlons glven by the Charlty Commisslon under se¢tlon 145(5)Ib) of thé Charfllas Act 2011. Independont 6xamlnorf8 8talèmenl I have compl8lad my examinatlon. l ennfirm Ihot no matters have come to my attenlion In nnectIOn vAlh Ihe examlnallon glvlng me causa to béll8ve Ihal In any mateflal r6specl', accounting records were nol kept In respect of tho charity as requlred by sectlon 386 of Ihe Companle8 Acl 2008. thg flnanclal st8tements do nol accord with Ihose records: or the fin8nclal slatemenls do not comply Yllh Ihg 8untIng requlremants of secllon 396 of the Companles Act 2006 other than any requlremenl that the finanal slalemenls give a tni8 and falr view, whlch Is not a m8tlar consldered as part of an Independent examlnalion; or the lTrnanel81 ststemen18 have not been prepared In acr/Jrdgnce with the melhods and prfnclples of thè Slatemenl of Recommended Pr8cUc8 for auntIng and reportlng by charflles 8ppllcab18 to charllles prepadng Ihelr fln8nclal stalements in accordance with th8 Flnandal Reportlng Stsndard appllcabl8 In the UK and Republ1¢ of Ireland (FRS 102). I have no concerns 8nd have come across no oth8r maltefs In rJJnnecllon vhth th8 examlnallon to whlch atlentlon should be drawn In IhlB report In order to enable a propèr underslandlng of the flnanclal statements lo b8 reached. Hazel Day Nlghllngale Hous8 4&48 East Street Epsom Surrey KT17 1HQ Unlted Klngdom
THE WOKING COMMUNITY FURNITURE PROJECT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Current flnanclal year Unreslrlclod funds 2025 Restrlcted fund$ 2025 Total Total 2025 2024 Notos Incomo and endowments from: Donations and legacles Other Iradlng acllvllies Investments Other income 35.032 96.074 2.029 1.949 1,180 45 36,212 96.119 2,029 1,949 59,341 105,975 2.218 2,054 Total Income 135,084 1.225 138.309 169,588 Expendlture on.. Ralsing funds Charilable activitie Slaff General Transport Depreclallon 180 634 103.982 17.087 487 13.194 13.104 1,608 1,227 289 117,086 18,695 1,714 13,483 122,767 17,521 5,270 8,471 Total charltabla •xp•ndltUfé 134,750 16.228 150,978 154,029 Total expendllure 134.930 16.228 151,158 154.663 Nat Incomel(expendlturè) 154 (15,003) {14,849) 14.925 Nat movem•nt In funds 154 (15.003) (14,849) 14,925 Reconclllatlon of funds: Fund balances at 1 Aprll 2024 204,401 20,762 225,163 210,238 Fund balance8 at 31 March 2025 204.555 5,759 210.314 225,163 Tho slalemenl oi financial aclivilie8 includes all gains and losses recognised in Ihe year. All income and expandilure derlve from Continuing acllvlties.
THE WOKING COMMUNITY FURNITURE PROJECT STATEMENT OF FINANCIALACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Prlor flnanclal year Unrestrlcted funds 2024 Reslrl¢ted funds 2024 Total 2024 Notes Income and endowments from: Donalions and legacies Other Iradlng actlvllles Inveslmenls Other Income 23.251 105,715 2,218 2.054 36,090 260 59,341 105,975 2.218 2.054 Total Incomo 133,238 36.350 169,588 Expendltur• on: Raising fund$ Staff General Transport Depreciation 450 7,113 4,527 3,485 283 634 122,767 17,521 5.270 8,471 115,654 12,994 1,785 8.188 Total expendlture 138.805 15,858 154,663 Net Incomel(expendllur8) (5,567) 20,492 14,925 Translers between fund8 19.000 (19,000) N61 movom•nt In fund8 13,433 1,492 14,925 Reconclllatlon of funds: Fund balances at 1 Aprll 2023 190.968 19,270 210,238 Fund balancos at 31 March 2024 204,401 20.762 225,163
THE WOKING COMMUNITY FURNITURE PROJECT BALANCE SHEET ASAT31 MARCH 2025 2026 2024 Note$ Flxed 098ets Tanglble ass6t8 12 117.509 130,740 Current 8886ts Debtors Ca8h al b8nk and In hand 13 10.696 88.251 21,953 76,502 98,947 98,455 Credltor8: amounts tslllng due wlthln onè yeor 14 (6.142) (4,032) Net current a88èt* 92,805 94.423 Total 01•ot8 less Gurront IlabllltleB 210,314 225.163 The fund8 01 tho Charlty Re6trlded Income fund8 Unreslrlcled lund8 17 18 5.759 204,555 20,762 204.401 210.314 225.183 The company 1$ enlilled to the exeinption from the audit requlramenl cont81ned In 8ecllon 477 of the Compar)IBS Act 2006, for the year ended 31 March 2025. The dlreclors acknowledge Ihelr respon8lbllilles for cornplying wth the requlrements ol lh8 Companle8 Act 2008 wllh respecl to accounllng records and thé pr6pgTalion of Ilnandal slalements. The members have not requlred the company lo obt8ln an audil of its financlal s18lemenls for the year In questlon In accordance wilh section 476. These financlal statement8 have been prepared In accordance wllh the provlslons appllc8ble lo companles 8ubJ8ct lo Ihe small companies r$glm8. l G>:.12..2.Y... The Ilnandal 61alemenls were approved by the Injslees on .. Mr D P Healh Truste0 Company reglslration number 03254585 (England and ivales)
THE WOKING COMMUNITY FURNITURE PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Charlty Informatlon The Woklng Community Furnilur8 Project is a prlvate company limited by guarante8 incorporated In England and Wales. The registered offlco Is 27 North Road. Maybury, Woking, Surrèy, GU2150T, UK. 1.1 Accountlng conventlon The financial slatemenls have been prepared In accordance with the charivs gov8ming documant. thè Companles Act 2006. FRS 102 "The Financial Reporting Standard applicable in Iho UK and Republic of Ireland. and th8 Charllies SORP 'Accounllng and R6portlng by Charities.. Statement of Recommended Pracllce appllcable to charitles preparing Iheir acLounts Sn a¢mrdanrK wilh Ihg Financial Reportlng Standard applicabla In the UK and Republic of Ireland {FRS 102)" Th8 charity is a Publlc Benefit Entlty as denned by FRS 102. The charity has taken advantage of Ihe provislons In the SORP for chari118s nol lo prapar8 a slalem&nl of cash Ilows. The financial slalements are prepared in sterling. which Is the functlonal currency of the charity. Monetary amounls in these financial statements are rounded lo Ihe nearesl £. The financlal slalemenls have been prepared under the hlslorical cost convenlion. Th8 prlnclpal accountlng policies adopted are sel out below. 1.2 Golng concgrn Al the lime of approving the financial slatemenls, the Irustees have a reasonabl8 expeclallon Ihat the charity has adequate resources to ¢onlinue in operalional exislence for Ihe foreseeable fulure. Thus Iha Iruslees conlinue lo adopt Ihe golng concern basls of accounling In preparing the financial slalemenls. 1.3 Charltabl8 funds Unreslricled funds ar8 avallable for use al the dlscrelion of the trustees In furtherance of Ihelr charilable objectives. Reslrlcled funds are gubject lo speclfic condillons by donors or 9rantors as lo how they may be used. The purposes and uses of the reslricled funds are set out In the notes to the financial slat8m8nls. Endowment funds are Subject lo speclflc condltlons by donors that the capilal must be malnloined by the charity. 1.4 Income Income Is recognised whon Ihe charity Is legally entilled to It after any performanc8 conditions have been met, the amounts can be measured reliably. and il is probable that Income will be received. Cash donations are recognised on receipl. Other donallons are recognised once Ihe charity has been nollflad of tha donation. unless performance conditions require deferral of tha amount. Income lax recoverable in relallon lo donations iecelved under Gift Aid or deeds of covenant Is r8cognlsed at th8 tlme of th8 donatlon. Legacies are re¢ognised on recelpt or olheThvise if th8 charity has been notified of an impending d181ribulion, Ihe amount Is known. and rec8ipI is expected. If Ihe amount is not known, the legacy Is Irealed as a onlingenl as5el. Income from the sales of items in the shop are recognised al Ihe date of purchase and is shown nel of any sales taxes applicable.
THE WOKING COMMUNITY FURNITURE PROJECT NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (Contlnuad) 1,5 Expendllure Expendiluro is recognised once there is a legal or consliuctive oblÈgalion lo transfer economic benefit to a third party, it Is probable Ihal a Iransfor of economic benefits will be requlred In settlement, and the amount of the obllgalion can be measured feliably. Expenditure is classified by activity. The cosls of each activity are made up of the total of dlract costs and shared costs, including support costs involved in undortaking each activlly. Direcl costs altribulable to a single aclivlly are allocated directly lo Ihat aclivily. Shared cosls whlch contribute lo more than on8 activity and support costs which are not atlribulable to a Single aclivity are apportioned belween Ihose activities on a basis consistent wilh the use of resources. Central staff cosls are allocated on the basis of tim8 sp8nt, and depreclalion charges are allocated on Ihe portion of Ihe assel's use. 1.8 Tanglble flxed assets Tangible fixed assets are initially measured al cost and subsequ8nlly measured at cost or v81uallon, nel of depreclallon and any Impairmenl losses. Depreciation is recognised so as lo write off the co81 or valualion of a880ts less Iholr residual values over Ihelr useful Ilves on the followlng bases.. Freehold buildings Freehold fixlures and fillings IT Software and hardware Equlpment and motor vehlcles Str8ight line over SO years Slraighl h'ne over 10 years Stralght Ilne over 3 years Slralght Ilné over 5 years The gain or loss arisSn9 on the disposal of an asset is determined as Ihe difference beiween Ihe sale proceeds and the carrying value of the asset. and Is recognlsed In Ihe slatement of financi81 activlti8S. 1.7 Impalrment ol flxed assels At each reporting end dale, the charity reviews Ihe carryin9 amounls ol Ils langlble assets to determine whelher there is any Indlcallon that those assets hav8 suffered an impalrmenl loss. If any such Indication exists, the recoverable amount of the asset is eslim8ted in order to detemiine the extent of the impairment loss (If any). 1.8 Cash and cash equlvalonts Cash and cash equivalents include cash in hand, deposits hekl at call with banks, olher short-lerm Ilquld investmenls with original maturities of Ihree monlhs or less, and bank overdrafts. Bank overdrafls are shown within borrowlngs In currenl Ilabililies. 1.9 Flnanclal Instrumenls The charity has elected to apply tho provlslons of Section 11 'B8sic Financial Instruments. and S6cllon 12 'Olher Financial Inslrumenls155ues' of FRS 102 to all of its financial instruments. Flnanclal instruments ar8 rÈ¢ognised In the charivs balance sheal whan tha charity becomes party to th8 Contractual provisions of the instrumenl. Financial assets and liabilities are offset, wilh the nel amounts prosented in the financial slalements, when Ihere Is a legally enforceable right lo set off the recognised amounts and there is an intention lo settle on a n61 basis or to realise the asset and sell18 Ihe liability simultaneously.
THE WOKING COMMUNITY FURNITURE PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (Contlnuèd) Baslc flnonclal assets Basic finan¢lal assets, which includo debtors and cash and bank balances, are Inili8lly measured at transa¢llon prlce In¢ludlng transaction costs and are subsequently carried at amortised cost using Iha eff8cllv8 Interest method unless Ihe arrangement conslilutes a financing transactlon, where the Iransacllon Is measured at th8 present valué ol the future rÈceipls discounted al a market rate of Inleresl. Financial assets classified as receivable wilhln one yèar are nol amoriised. 8aslc flnanclal Ilablll¢le$ Basic financial liabilili8s, including credilors and bank loans are inTlially recognised al Iransacllon price unless the arrangement ¢onslitules a financing transacllon, where the debt inslnjmanl Is measured al Ihe present value of the future paymenls discounted at a market rate of Inlerest. Financial liabilili6s classified as payable wlthin one year are not amorlised. Debt Inslrum8nls arè subsequenlly carried at amortised cost. using lh8 effectiv8 Interést rale melhod. Trade ¢redilor8 are obllgalions lo pay lor goods or services that have been acquired In th8 ordlnary coursa of operations from suppliers. Amounts payable are classified as cutrent liabilities if payment 18 due within one year or less. If not. Ih6y are pr8senled as non-current liabllilies. Trade ¢redilors are recognlsed inilially al transaction price and subsequenlly measured al amortlsed cost U3ing Iho effeclive interest method. Dère¢ognl¢lon of flnanclal Ilabllltles Flnan¢lal Ilabllilles are derecognised when Ihe charlty's ¢onlra¢tual obligatlons explre or arè discharged or C8n¢elled. 1.10 Employee benoflt8 The cost of any unused holiday enlltlement Is recognised In the perlod In which Ihe employee's services a received. Termination benefits are recognised immediately as an expense when the charity 18 demonstrably commilled lo termlnate the employment of an employee or lo provide lerminallon benefils. 1.11 Retlromont b8neflt3 Paymenls lo defined conlrlbulion rellrement benefit schemes are charged as an expense as Ihey fall due. Crltlcal accountlng estlmaleg and Judgements In Ihe application of the Charis accountlng policies. Ihe Irustees are requlred lo make judgements. estlmates and assumpllons about the carrylng amount of assets and liabilities Ihal are not readily apparent from olher sourcas. The eslimatas and asso¢ialed assumptions are based on historical experience and other faclors Ihal ar8 consldered to be relevant. Aclual resulls may differ from Ihese esllmales. The estimates and underlylng assumptlons are reviewed on an ongolng basis. Revlslon8 to accounllng estimates are recognised in the period In which the 8Stimale is remsed where Ihe revision affects only that period, or In the period of tho revislon and future periods where the revision affects both current and future periods.
THE WOKING COMMUNITY FURNITURE PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donatlons and lega¢lgs Unreslrlcted Restrlcted funds funds 2025 2025 Total Unrostrlctod Restrlcled funds funds 2024 2024 Total 2025 2024 Donallons and gifts Legacles 22.416 12,616 350 830 22,766 13.446 5,347 17.904 34,210 1.880 39.557 19.784 35,032 1,180 36.212 23.251 36,090 59.341 Income from other trading actlvllles Unrostrlcted R•$trlcled funds funds 2025 2025 Total Unr88trlctad Ra$trlcted funds funds 2024 2024 Total 2025 2024 Shop sales of donated items Internel sales ol donaled Items Surrey County Council 92.184 45 92,229 102,301 260 102.561 1.165 2.725 1.165 2.725 677 2,737 677 2.737 Other Iradlng aclivilies g6,074 45 96,119 105.715 260 105.975 In¢om8 from Inveslmenls Unreslrlcted Unrastrlcted funds funds 2025 2024 Interest receivable 2,029 2,218 othar in¢omo Unreslrlcted Unrestrlctod funds funds 2025 2024 Other Income 1.949 2,054 10-
THE WOKING COMMUNITY FURNITURE PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Truslees None of the trustees (or any persons rnnected with Ihem) received any remun8ration or benefils from Ihe charity during the year. Expendilure on ralslng fund3 Unreslrlcted Reglrictsd lund$ funds 2025 2025 Total Unreslrlctod Restrlclod funds funds 2024 2024 Total 2025 2024 Fundralslng and publlclty Advertislng 180 180 184 450 634 Not movement In funds 2025 2024 The net movgment In funds 1$ staled after charglngl(crediting): Fees payable for the Indep8ndent examinallon of Ihe ¢hariVs financial slalements Depreciatlon of owned tanglble fixéd assals Los(Profit) on dlsposal of langlblo fixed as8et$ 1.5¢J) 13,483 1,500 8,473 (4,100) 10 Employee8 Th8 average monthly number of employees during Ihe year was: 2026 Number 2024 Number Employmént Costs 2025 2024 Wages and salarles Social securlty wsts Other pension co818 109,342 2,496 2,721 117,088 2,718 2,977 114.559 122,783 Thera were no employees whose annual remuneration was more than £60.000. 11 Taxatlon The charlty Is exempt Irom taxation on ils acllvities because all its income Is applled for charllab18 purpose8. 11
THE WOKING COMMUNITY FURNITURE PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Tanglbl8 flxed a359ts Fr••hold bullding• Frè•hold IT Software fixtur•$ and and hardwarè Ilttlng• Equlpm9nt and motor v•hicl•8 Total Cost At 1 April 2024 Addillons 212,599 4.686 133 49.146 119 35,440 301,871 252 At 31 March 2025 212.599 4.819 49.265 35.440 302,123 Depreclatlon and Impalrmenl At 1 Aprll 2024 Depreciation charged in the y8ar 116,272 5.632 4.434 244 48,653 519 1.772 7.088 171.131 13.483 At 31 March 2025 121,904 4.678 49.172 8,860 184,614 Carrylng amount Al 31 March 2025 90,695 141 93 26,580 117.509 At 31 March 2024 96,327 252 493 33,668 130,740 13 Dabtors 2025 2024 Amounts falling du• wlthln one year: Tradg debtors Other deblorg Prepayments and accrued Income 538 7,663 13,752 5,741 4.955 10,696 21.953 14 Credllors: amounts falllng due wllhln one year 2025 2024 Trade creditors Olher Creditors A[u815 and deferred inwme 3.034 1,572 1.536 900 1,734 1,398 6,142 4.032 15 Rellrement beneflt schemes 2025 2024 Dofined contrlbution schames Charge to profit or loss In respect of deflned contribulion schemes 2.721 2,977 12-
THE WOKING COMMUNITY FURNITURE PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Retlromgnt ben8flt schemes {Contlnued) The charity operales a d8fined ¢onlribution pension scheme for all qualifying employees. The assets of Ihe scheme are held separately from Ihose of the Charity In an independently adminlstared fund. 16 Unrestrlctod fund8 The unrestricted funds of the Charity Comprlse the unexpend8d balances of donallons and granls whlch are not subject lo specific condilions by donors and grantors as lo how Ih6y may be used. These include designated funds which have been sel aside out of unreslricted funds by the Iruslees for specific purposes. At 1 Aprll 2024 In¢omlng Resources resources •xpendod Trangfer• At 31 March 2025 Slnklng fund General fund5 29,735 174,666 29.735 174.820 135.084 (134.930) 204,401 135.084 (134,930> 204,555 Prevlous yoar: Al 1 Aprll 2023 Incomlng resources Resourcos expended Transfers At 31 March 2024 Slnking fund Genefal funds 29.735 161.233 29,735 174,686 133,238 (138.805) 19,000 190.968 133,238 (138,805> 19,000 204,401 17 Reslrlcted fund$ The fe$lri¢ted funds of the charity comprisa the unexpended balances of donations and grant8 hold on Iru8l subject lo specific conditions by donors as to how they may be used. At 1 Aprll 2024 In¢omlng Resources resources expended Transfar8 At 31 March 2025 Restricted general 20.762 1.225 (16.228) 5,759 Prevlous year: Incomlng Rosources resources expended Transfers At 31 March 2024 2023 Reslricled general Van 19.270 17.350 19.000 (15.858} 20,762 (19,000) 19.270 36,350 (15.858) (19,000) 20,762 13-
THE WOKING COMMUNITY FURNITURE PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Analy818 of net agsots botween lund8 Unreslrfcted funds 2025 Re$tfi¢ted funds 2025 Tolal 2025 At 31 March 2025: Tangible asse15 Current as8etsl(liabililies) 117.509 87,046 117.509 92,805 5,759 204,555 5,759 210,314 Unr•$trlcled funds 2024 Restrlcted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl(liabSlltles) 129,098 75.303 1,642 19,120 130,740 94,423 204,401 2Q,762 225.163 19 Relatod party transactlons Ther8 were no disclosable related party Iransaclion$ during the yoar 8nded 31 March 2025. 14-