Company Registration Number - 03285971 

The Charity Registration Number is :-    1061705 

Leeds and Moortown Furniture Store Limited 

## Report and Accounts 

31 March 2021 



**Leeds and Moortown Furniture Store Limited** 

## **Report and accounts for the year ended 31 March 2021** 

## **Contents** 

||**Page**||
|---|---|---|
|**Charity information**||1|
|**Trustees' Annual Report**||1|
|**Statement of directors' responsibilities**||9|
|**Independent Examiner's Report**||11|
|**_Funds Statements:-_**|||
|Statement of Financial Activities||13|
|Statement of Financial Activities - Prior Year statement||14|
|Movements in funds||15|
|Revenue Funds||15|
|Fixed Asset funds||15|
|Income and Expenditure account||16|
|Summary of funds||16|
|**Balance sheet**||17|
|**Notes to the accounts**||18|





## **Leeds and Moortown Furniture Store Limited** 

Company Registration Number - 03285971 

## **Trustees' Annual Report for the year ended 31 March 2021** 

The Trustees present their Report and Accounts for the year ended 31 March 2021, which also comprises the Directors' Report required by the Companies Act 2006. 

The directors of the charitable company, (‘the Charity’), are its Trustees for the purposes of charity law and throughout this report are collectively referred to as the trustees. Their responsibilities include all the responsibilities of directors under the Companies Acts and of trustees under the Charities Act. 

The year to 31 March 2021 was without doubt one of the most challenging in the charity’s 35-year history. Covid -19 forced the Store to close for a total of just over 5 months. Obviously, the figures you see in the body of this report reflect this with both collections and deliveries well down on previous years. However, the Store survived and as the result of it having a carefully managed reserves policy all furloughed staff had their salaries topped up to 100% of their regular earnings 

## **Reference and administrative details** 

## _**The charity name.**_ 

The legal name of the charity is:- Leeds and Moortown Furniture Store Limited. 

The charity is also known by its operating name, Leeds and Moortown Furnuture Store and L&MFS. 

## _**The charity's areas operation and UK charitable registration.**_ 

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW)  with charity number 1061705. 

The charity does not operate in any overseas jurisdictions. 

## _**Legal structure of the charity**_ 

The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation. 

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law. 

By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation. 

The trustees are all  individuals. 

1 



## **Leeds and Moortown Furniture Store Limited** 

Company Registration Number - 03285971 

## **Trustees' Annual Report for the year ended 31 March 2021** 

## **The principal operating address, telephone number, email and web addresses of the charity are:-** 

Unit D 

Seacroft Industrial & Trade Park, Coal Road Leeds, West Yorkshire,  LS14 2AQ Telephone 0113 273 9727 

The registered office of the charity for Companies Act purposes is the same as the operating address shown above. 

## **The Trustees in office on the date the report was approved were:-** 

J. Sherbourne G Davies S Wylde G. Howitt 

## **The following persons served as Trustees during the year ended 31 March 2021 :-** 

John Sherbourne, Gillean Howitt, Graham Brownlee (resigned 3 March 2021) Stephen Wylde, Gareth Davies . These latter two trustees were appointed on 14th October 2020. 

All the trustees are also members of the charity. 

## **Objects and activities of the charity** 

## _**The purposes of the charity as set out in its governing document.**_ 

The Charity’s Objects (“the Objects”) are: 

i) The relief of poverty amongst individuals and families who are clients of statutory and voluntary bodies in Leeds and surrounding areas, the work of which is concerned with the relief of the poor, the aged, the disabled or the infirm, or of such other persons in need by the collection, storage, renovation and distribution of donated furniture to such persons or in such other ways as the trustees see fit. 

ii) The promotion of a more efficient working of charities in Leeds, and to research, develop, educate and disseminate information to encourage the public to donate furniture to be used as per the Objects and thereby develop the use of more sustainable waste management practices. 

2 



## **Leeds and Moortown Furniture Store Limited** 

Company Registration Number - 03285971 

## **Trustees' Annual Report for the year ended 31 March 2021** 

## _**The main activities undertaken in relation to those purposes during the year.**_ 

To accomplish its main objective the Charity actively promotes a furniture collection service; this service is free of charge but donors are invited to make a financial contribution to help offset costs. Then, in response to requests from voluntary and statutory support agencies items considered serviceable are delivered to individuals and/or families who they (the agencies) believe to have a genuine need. 

## _**The main activities undertaken during the year to further the charity's purpose for the public benefit.**_ 

As stated above the charity’s primary objective is the provision of furniture to economically and/or socially disadvantaged people in and around the city of Leeds. The service provided by the charity is therefore directly related to both the particular and often very urgent needs of its beneficiaries and to the charity’s aims. All beneficiaries are members of the public who have been assessed by either a statutory or a voluntary support agency before being referred to the Charity. In accordance with its mission statement the charity carries out its work in a totally non-discriminatory way. 

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity 

## _**The  short term and longer term aims and objectives.**_ 

The objectives of the Charity are: 

i)  To assist as many socially or economically disadvantaged people as possible by providing them with furniture. It is the trustees’ firm belief that this single act not only improves a client’s day to day living conditions but by increasing self-esteem also enables them to play a more positive role in society. 

ii)  To continue to pursue a vigorous recycling programme in order to see the amount of reusable furniture that might otherwise be incinerated or disposed of in land fill put to good use. 

iii)  To provide training and support to volunteers. 

iv)  To help promote mutually beneficial working practices between itself and other like-minded organisations in and around the Leeds area. 

3 



## **Leeds and Moortown Furniture Store Limited** 

Company Registration Number - 03285971 

## **Trustees' Annual Report for the year ended 31 March 2021** 

## _**The charity's strategies for achieving its aims and objectives in the future.**_ 

As in previous years the Charity’s strategies for achieving its stated objectives were: to do everything possible to retain and strengthen funding from traditional/historical sources whilst at the same time to prudently steward and effectively manage all funds in such a way so as to support the staff, premises and transport necessary for the work to continue. 

The Charity’s subsidiary, LMFS Trading Ltd, continues to play a significant role in supporting its stated objectives. LMFS Trading Ltd is a limited company which supplies new furniture, furnishings and white goods to various sections of the local authority (Leeds City Council) as well as to a number of social housing organisations. 

## _**The contribution of volunteers during the year.**_ 

The Charity’s governing board are all volunteers. It also utilises the services of a small number of regular volunteers in its day to day running. 

## **The main achievements and performance of the charity during the year.** 

When Covid -19 restrictions permitted, throughout 2020/21 the charity has continued to provide a service for collecting and distributing donated furniture to those less fortunate within the city of Leeds. Accompanying this service, and in conjunction with the local authority L&MFS continues to operate an intensely pro-active recycling programme. 

Alongside the work which the charity performs, its trading arm, LMFS Trading Ltd, which as stated above is a wholly owned social enterprise sources, supplies, delivers and in most cases fits and/or installs new domestic furniture, furnishings and white goods to people referred to it by the local authority (LCC) or who are the clients of a number of social housing schemes. 

With regard to GDPR, the appropriate policies and procedure were introduced by May 25th 2018. 

## _**Fundraising activities during the year.**_ 

There were no specific fundraising activities in the period under review. However, grant aid from donors and the amount raised by auction sale is shown in detail in the schedule attached to the accounts. 

## _**The difference the charity's performance during the year has made to the beneficiaries of the charity and the degree to which the achievements and performance during the year have benefited wider society.**_ 

The main objective of the Leeds and Moortown Furniture Store Charity has always been the provision of furniture to needy individuals and families in and around the city of Leeds. This is achieved by collecting as much donated furniture and domestic goods as possible. Where necessary this is repaired and then delivered to people identified to us as having a genuine need. 

During the year under review all furniture was delivered to clients of voluntary and statutory agencies in a completely non-discriminatory way. Throughout 2020/21 the charity continued to have direct and frequent contact with as many as one hundred such organisations. 

In 2020/21 the Leeds and Moortown Furniture Store completed 365 deliveries (made up of 2,238 separate items) and weighing 52.84 M/tons and 618 Collection (2,728 items), weighing 64.08 M/tons. 

## _**Investment performance against the investment objectives.**_ 

All income received by the Charity has been utilised in maintaining the aims of assisting those less fortunate by providing basic items of household furniture at little or no cost. 

4 



## **Leeds and Moortown Furniture Store Limited** 

Company Registration Number - 03285971 

## **Trustees' Annual Report for the year ended 31 March 2021** 

## **Structure, governance and management of the charity** 

## _**The methods used to recruit and appoint new charity trustees.**_ 

When new or additional trustees are required then beneficiaries, client organisations and people with specialist skills are invited to submit nominations and subject to their compliance with the Memorandum and Articles of Association they are considered by the governing body of the trustees for election. 

## _**The policies and procedures for the induction and training of trustees.**_ 

Prior to being elected nominees are invited to attend a trustees’ meeting as well as visiting the warehouse premises to meet trustees and members of staff. 

Should they be appointed they are provided with all relevant information from the Charity Commission and Companies House as well as further information from the Charity itself regarding the content of the work of a Trustee. 

Following this arrangements are made on a continual basis to attend any courses which are necessary or beneficial to the work of a trustee. 

## _**The charity's organisational structure.**_ 

During the financial year 2020/21 there were a number of organiszational changes. Graham Brownlee resigned as a trustee on March 4th 2021. However, on October 14th 2020 Gareth Davies and Stephen Wylde joined the board. All trustees are volunteers who meet together approximately every six weeks. The trustees have overall control and responsibility for policy and major decision making. All are directors and Trustees. 

Day to day management and responsibility for implementing policies is carried out by a part-time General Manager. In addition, there are also 2 additional part time admin assistants, 6 full-time members of staff and a small but consistent number of volunteers. 

## _**The person to whom day to day management is delegated**_ 

Mr John Gamson (General Manager). 

5 



## **Leeds and Moortown Furniture Store Limited** 

Company Registration Number - 03285971 

## **Trustees' Annual Report for the year ended 31 March 2021** 

## _**How the subsidiary undertaking(s) is/are constituted and managed.**_ 

The Charity has a trading subsidiary, LMFS Trading Ltd, with which it has many transactions and a controlling interest. Details of transactions with related parties are shown in the notes to the accounts. The only other related parties are Trustees and there are no transactions with them. 

Throughout 2020/21 LMFS Trading Ltd has continued to trade successfully and to pay a management charge to the Charity. The level of this charge is carefully calculated and is paid to cover floor space and operating costs. Financial performance of the charity's subsidiary, LMFS Trading Ltd is fully set out in the notes to the accounts. The trading company’s accounts are lodged at Companies House. 

## _**The charity as a part of a wider network.**_ 

The Charity has no responsibility for nor is it answerable to any other organisation. Besides the large number of statutory and local voluntary agencies with which it works on a day to day basis the Leeds and Moortown Furniture Store also liaises regularly with other charities carrying out similar work, and with the local authority. L&MFS is an active member of Reuse Network (formally FRN, the Furniture Re-use Network). 

Bankers Yorkshire Bank plc, Leeds Area Business Centre Solicitors Gordons LLP, Riverside West, Whitehall Road, Leeds LS1 4AW 

## **Financial review** 

## _**The charity's financial position at the end of the year ended 31 March 2021**_ 

The financial position of the charity at 31 March 2021 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:- 

|Restricted Fixed Asset Funds<br>**Total Funds**<br>Unrestricted Revenue Funds available for the<br>general purposes of the charity<br>**Net income**|**2021**<br>**£**<br>(15,753)<br>116,488<br>257,103<br>**373,591**|**2020**<br>**£**<br>(13,750)|
|---|---|---|
|||116,581<br>272,763|
|||**389,344**|



6 



## **Leeds and Moortown Furniture Store Limited** 

Company Registration Number - 03285971 

## **Trustees' Annual Report for the year ended 31 March 2021** 

## _**Financial review of the position at the reporting date, 31 March 2021 .**_ 

Although there has been a net outflow of funds in the year under review, the trustees are satisfied with the financial stability of the charity. 

Specific changes in fixed assets are detailed in the notes to the accounts. 

As with many organisations operating in the charitable sector L&MFS has, despite trying hard to do so, found it difficult to raise sufficient funds to cover costs without occasionally using some of its reserve. Nevertheless, the trustees are confident that even if there were to be a sudden reduction in either grant funding and/or trading company revenue the current level of reserves would ensure that it could continue to operate at least until and probably beyond the end of the year after the signing of these accounts. 

## _**Policies on reserves.**_ 

The Charity’s policy is to enable it to build and maintain sufficient capital reserves to provide cover for the inevitable fluctuations in revenue income, thus ensuring continuity in the provision of the Charity’s services. It is the Trustees’ aim to retain reserves which represents a minimum of six month's spending. The free unrestricted reserves at 31st March 2021 were £116,488. At March 2020 the figure was £116,581. 

## _**Availability and adequacy of assets of each of the funds**_ 

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund. 

## _**Investment policy and investment objectives.**_ 

With interest rates at such a low level the trustees have agreed that a higher than average reserves figure is more prudent than spending time and effort seeking out marginal benefits. However, this doesn't mean that they (the trustees) will not monitor this situation as they continue to seek secure, maximum yield investments 

## _**The major risks to which the Charity is exposed and reviews and systems to mitigate them.**_ 

Like everyone else the uncertainty that Covid – 19 presents poses the biggest threat to the stability of the charity. However, in purely financial terms the biggest single risk the charity faces is either a drastic reduction in or a total withdrawal of financial and/or contra support from Leeds City Council. 

However, by the continuous review of a Risk Register the trustees of L&MFS are constantly seeking to make provision for this eventuality plus all other major legal, operationally or financially risks to which the Charity could be exposed. 

7 



## **Leeds and Moortown Furniture Store Limited** 

Company Registration Number - 03285971 

## **Trustees' Annual Report for the year ended 31 March 2021** 

## _**Principal funding sources in the year and how these support the key objectives of the charity.**_ 

Principal funding sources are detailed in the accounts but in brief they are: Leeds City Council; LMFS Trading Ltd, Moortown Baptist Church and ad-hoc donations from a small number of individuals. 

## _**Plans For the Future**_ 

**Summary of plans for the future and the trustees' perspective of the future direction of the charity.** 

As Covid – 19 restrictions continue to ease the trustee’s priority remains to ensure that the charity collects sufficient donated furniture to help as many socially and/or financially disadvantaged people as possible. However, mindful of the extra competition that now exists within the sector, and equally aware that present levels of local authority funding are anything but certain the trustees continue to work closely with the directors of LMFS Trading Ltd to further develop a strategy which identifies potential income streams from either within or without the organisation’s current sphere of activity. To this end, in order to allow the charity’s General Manager more time to concentrate on income generation a number of essential but time-consuming tasks will from 1 September 2021 be undertaken by an external accounts technician. 

## **Employment of disabled persons** 

The charity has an open recruitment policy for both staff and volunteers. The charity is also open to making reasonable adjustments for any member of staff or volunteer who may need additional measures to be able to carry out their duties. 

## **Details of The Independent Examiner** 

R J Woolley FCCA,CTA 

Member of Chartered Certified Accountant 

Crown House 

York Road Shiptonthorpe York YO43 3PF 

8 



Company Registration Number - 03285971 

## **Leeds and Moortown Furniture Store Limited** 

## **Trustees' Annual Report for the year ended 31 March 2021** 

## **Statement of  the Directors Trustees' Responsibilities** 

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of  the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2019, applicable to all accounting periods beginning on or after 1st January 2019, (The SORP), . 

In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :- 

- to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 

- select suitable accounting policies and apply them consistently; 

- make judgements and estimates that are reasonable and prudent; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business; 

- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; 

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year. 

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements. 

9 



## **Leeds and Moortown Furniture Store Limited** 

Company Registration Number - 03285971 

## **Trustees' Annual Report for the year ended 31 March 2021** 

## **Method of preparation of accounts - Small company provisions** 

The financial statements are set out on pages 13 to 35. 

The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2019, applicable to all accounting periods beginning on or after 1st January 2019, (The SORP),   and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) 

These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime. 

This report was approved by the board of trustees on 7 December 2021. 

J Sherbourne Director and Trustee 

10 



## **Leeds and Moortown Furniture Store Limited** 

## **Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 March 2021** 

I report to the Trustees on my examination of the financial statements of the charitable company on pages 13 to 35 for the year ended 31 March 2021 which have been prepared in accordance with the Charities Act 2011 (the Act) and  with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2019, applicable to all accounting periods beginning on or after 1st January 2019, (The SORP),  published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 18. 

## **Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report** 

As described on page 9, you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view. 

The Trustees consider that the audit requirement of  Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Companies Act 2006. As a consequence, the Trustees have elected that the financial statements be subject to independent examination. 

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:- 

a) examine the financial statements of the charity under Section 145 of the Act; 

b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Basis of Independent Examiner's Statement and scope of work undertaken** 

Since the charitable company's gross income exceeded £250,000, the charitable company's examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am an authorised member of Chartered Certified Accountant, which is one of the listed bodies. 

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination.  An independent examination includes a review of the accounting records kept by the charitable company  and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP. 

11 



## **Leeds and Moortown Furniture Store Limited** 

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide 

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below. 

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters. 

## **Independent Examiner's Statement, Report and Opinion** 

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:- 

The accounts of this charitable company  are not required to be audited under Part 16 of the Companies Act 2006; 

This  is a report in respect of an examination carried out under 145 of the Act  and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable; 

and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:- 

accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011; 

the financial statements do not accord with those records; or 

the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair' view, which is not a matter considered as part of an independent examination; 

have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2019, applicable to all accounting periods beginning on or after 1st January 2019, (The SORP). 

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 financial statements to be reached. 

**Signed:-** 


R J Woolley FCCA,CTA - Independent Examiner Chartered Certified Accountant Crown House York Road Shiptonthorpe York YO43 3PF 

This report was signed on 7 December 2021 

12 



## **Leeds and Moortown Furniture Store Limited - Statement of Financial Activities for the year ended 31 March 2021** 

## _**Statement of Financial Activities (including the  Income and Expenditure Account for the year ended 31 March 2021, as required by the Companies Act 2006)**_ 

|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>**Income & Endowments from:**<br>Donations & Legacies<br>A1<br>10,178<br>Charitable activities<br>A2<br>34,984<br>Investments<br>A4<br>-<br>**Total income**<br>**A**<br>**45,162**<br>**Expenditure on:**<br>Charitable activities<br>B2<br>60,915<br>**Total expenditure**<br>**B**<br>**60,915**<br>**Net income for the year**<br>**(15,753)**<br>**Net income after transfers**<br>**A-B-C**<br>**(15,753)**<br>**(15,753)**<br>**Reconciliation of funds:-**<br>**E**<br>**Total funds brought forward**<br>175,402<br>**Total funds carried forward**<br>**159,649**<br>**SORP**<br>**Ref**<br>**Net movement in funds**|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>182,561<br>-<br>-<br>**182,561**<br>182,561<br>**182,561**<br>**-**<br>**-**<br>**-**<br>390,554<br>**390,554**|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**192,739**<br>**34,984**<br>**-**<br>**227,723**<br>**243,476**<br>**243,476**<br>**(15,753)**<br>**(15,753)**<br>**(15,753)**<br>**565,956**<br>**550,203**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>162,600<br>75,202<br>481|
|---|---|---|---|
||||**238,283**|
||||252,033|
||||**252,033**|
|||||
||||**(13,750)**|
||||**(13,750)**|
||||**(13,750)**<br>403,097|
||||**389,347**|



The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet. 

A separate Statement of Total Recognised Gains and Losses  is not required as this statement includes all recognised gains and losses. 

All activities derive from continuing operations 

**The notes attached on pages 18 to 35 form an integral part of these accounts.** 

13 



## **Leeds and Moortown Furniture Store Limited - Statement of Financial Activities for the year ended 31 March 2021** 

## **Leeds and Moortown Furniture Store Limited - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP** 

|**Income & Endowments from:**<br>Donations & Legacies<br>A1<br>Charitable activities<br>A2<br>Other trading activities<br>A3<br>Investments<br>A4<br>Other<br>A5<br>**Total income**<br>**A**<br>**Expenditure on:**<br>Raising funds<br>B1<br>Charitable activities<br>B2<br>Other<br>B3<br>Tax on surplus on ordinary activiti<br>B3<br>Other taxation<br>B3<br>**Total expenditure**<br>**B**<br>B4<br>**Net income for the year**<br>**Transfers between funds**<br>**C**<br>**Net income after transfers**<br>**Reconciliation of funds:-**<br>**E**<br>**Total funds brought forward**<br>**Total funds carried forward**<br>Net gains on investments<br>**Net movement in funds**<br>**SORP**<br>**Ref**|**Prior Year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>46,470<br>75,687<br>-<br>511<br>-<br>122,668<br>-<br>79,744<br>-<br>-<br>-<br>**79,744**<br>-<br>42,924<br>-<br>42,924<br>**42,924**<br>132,478<br>**175,402**<br> <br>|**Prior Year**<br>**Restricted**<br>**Funds**<br>**2020**<br>**£**<br>116,130<br>-<br>-<br>-<br>-<br>-<br>116,130<br>-<br>90,916<br>-<br>-<br>-<br>-<br>**90,916**<br>-<br>25,214<br>-<br>25,214<br>**25,214**<br>365,340<br>**390,554**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>**162,600**<br>**75,202**<br>**-**<br>**481**<br>**-**<br>**238,283**<br>**-**<br>**252,033**<br>**-**<br>**-**<br>**-**<br>**252,033**<br>-<br>(13,750)<br>**-**<br>(13,750)<br>**(13,750)**<br>**403,097**|
|---|---|---|---|
||||**389,347**|



## **All activities derive from continuing operations** 

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.' 

## **The notes attached on pages 18 to 35 form an integral part of these accounts.** 

14 



## **Leeds and Moortown Furniture Store Limited - Statement of Financial Activities for the year ended 31 March 2021** 

## **Leeds and Moortown Furniture Store Limited - Resources applied in the year ended 31 March 2021 towards fixed assets for Charity use:-** 

|Funds generated in the year as detailed in the SOFA<br>Resources applied on functional fixed assets<br>Other applications of funds<br>**Net resources available to fund charitable activities**|**2021**<br>**£**<br>(15,753)<br>-<br>-<br>**(15,753)**|**2020**<br>**£**<br>(13,750)<br>(5,932)<br>-|
|---|---|---|
|||**(19,682)**|



The resources applied on fixed assets for charity use represents the cost of additions less  proceeds of any disposals. 

## **Movements in revenue and capital funds for the year ended 31 March 2021** 

## **Revenue accumulated funds** 

|Accumulated funds brought forward<br>(From)/To unrestricted revenue funds<br>**Closing revenue funds**<br>**Fixed asset funds**<br>At 1 April<br>Transfer (to)/from revenue funds<br>**At 31 March**<br>Recognised gains and losses before<br>transfers|**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>116,581<br>(15,753)<br>**100,828**<br>15,660<br>**116,488**<br>**Designated**<br>**Funds**<br>**2021**<br>**£**<br>-<br>-<br>**-**|**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-<br>-<br>**-**<br>-<br>**-**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>272,763<br>(15,660)<br>**257,103**|**Total**<br>**Funds**<br>**2021**<br>**£**<br>116,581<br>(15,753)<br>**100,828**<br>15,660<br>**116,488**<br>**Total**<br>**Funds**<br>**2021**<br>**£**<br>272,763<br>(15,660)<br>**257,103**|**Last year**<br>**Total Funds**<br>**2020**<br>**£**<br>**134,490**<br>(13,750)|
|---|---|---|---|---|
|||||**120,740**<br>-|
|||||**120,740**|
|||||**Last year**<br>**Total Funds**<br>**2020**<br>**£**<br>272,763<br>-|
|||||**272,763**|



The purposes of the transfers to fixed asset funds are described in Note 22 to the accounts and under the accounting policy 'Accounting for capital grants and fixed asset funds'. 

## **The notes attached on pages 18 to 35 form an integral part of these accounts.** 

15 



## **Leeds and Moortown Furniture Store Limited - Statement of Financial Activities for the year ended 31 March 2021** 

|**Summary of  funds**<br>**Unrestricted**<br>**and**<br>**Designated funds**<br>**2021**<br>**£**<br>Revenue accumulated funds<br>116,488<br>Fixed asset funds<br>-<br>**Total funds**<br>**116,488**|**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-<br>257,103<br>**257,103**|**Total**<br>**Funds**<br>**2021**<br>**£**<br>**116,488**<br>**257,103**<br>**373,591**|**Last Year**<br>**Total Funds**<br>**2020**<br>**£**<br>120,740<br>272,763|
|---|---|---|---|
||||**393,503**|



**The notes attached on pages 18 to 35 form an integral part of these accounts.** 

## **Leeds and Moortown Furniture Store Limited** 

**Income and Expenditure Account for the year ended 31 March 2021 as required by the Companies Act 2006** 

|**_Income_**<br>Income from operations<br>Interest receivable<br>**Gross income in the year before exceptional items**<br>**Gross income in the year including exceptional items**<br>**_Expenditure_**<br>Charitable expenditure, excluding depreciation and amortisation<br>Depreciation and amortisation<br>Governance costs<br>Realised losses  on disposals of social investments which are programme related<br>**Total expenditure in the year**<br>Tax on surplus on ordinary activities<br>**Retained surplus for the financial year**<br>All activities derive from continuing operations<br>**Net income after tax in the financial year**<br>**Net income before tax in the financial year**<br>Investment income|**2021**<br>**£**<br>227,723<br>-<br>**227,723**<br>**227,723**<br>225,136<br>15,660<br>2,680<br>-<br>**243,476**<br>**(15,753)**<br>-<br>**(15,753)**<br>**(15,753)**|**2020**<br>**£**<br>237,802<br>481|
|---|---|---|
|||**238,283**|
|||**238,283**|
|||238,112<br>11,231<br>2,690<br>-|
|||**252,033**|
|||**(13,750)**<br>-|
|||**(13,750)**|
|||**(13,750)**|
||||



In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities. 

**The notes attached on pages 18 to 35 form an integral part of these accounts.** 

16 



## **Leeds and Moortown Furniture Store Limited -  Balance Sheet as at 31 March 2021** 

|Note<br>**SORP**<br>**Ref**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>**Fixed assets**<br>A<br>Tangible assets<br>11<br>A2<br>257,103<br>272,763<br>Investments held as fixed assets<br>12<br>A4<br>2<br>2<br>**Total fixed assets**<br>257,105<br>272,765<br>**Current assets**<br>B<br>Debtors<br>14<br>B2<br>17,935<br>18,182<br>Cash at bank and in hand<br>B4<br>117,724<br>111,676<br>**Total current assets**<br>135,659<br>129,858<br>**Creditors: amounts falling due within**<br>**one year**<br>15<br>C1<br>(19,173)<br>(13,279)<br>**Net current assets**<br>116,486<br>116,579<br>**373,591**<br>**389,344**<br>**Restricted funds**<br>Restricted Revenue Funds<br>20<br>D2<br>-<br>-<br>Restricted Fixed Asset Funds<br>20<br>D2<br>257,103<br>272,763<br>**Unrestricted Funds**<br>Unrestricted Revenue Funds<br>20<br>D3<br>116,488<br>116,581<br>**Total charity funds**<br>**373,591**<br>**389,344**<br>**The total net assets of the charity**<br>**The total net assets of the charity are funded by the funds of the charity, as follows:-**|18,182<br>111,676|**2020**<br>**£**<br>272,763<br>2|
|---|---|---|
|||**389,344**|
|||-<br>272,763<br>116,581|
|||**389,344**|



The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA.. 

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. 

The members have not required the company to obtain an audit in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. 

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 12. 

The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime. 

J Sherbourne 

Trustee 

Approved by the board of trustees on 7 December 2021 

17 



**Leeds and Moortown Furniture Store Limited -  Balance Sheet as at 31 March 2021** 

**The notes attached on pages 18 to 35 form an integral part of these accounts.** 

18 



## **Leeds and Moortown Furniture Store Limited** 

## **Notes to the Accounts for the year ended 31 March 2021** 

## **1 Accounting policies** 

## _**Policies relating to the production of the accounts.**_ 

## **Basis of preparation and accounting convention** 

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2019, applicable to all accounting periods beginning on or after 1st January 2019, (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2019, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2019, applicable to all accounting periods beginning on or after 1st January 2019, (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice. 

## **Risks and future assumptions** 

The charity is a public benefit entity. 

## _**Policies relating to categories of income and income recognition.**_ 

## **Nature of income** 

Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. 

## **Categories of Income** 

Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income. 

**Income from exchange transactions** is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser. 

**Income from a non-exchange transaction** is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange. 

## **Income recognition** 

Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably. 

Dividends are accrued when the shareholder’s right to receive payment is established. 

Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met. 

All income is accounted for gross, before deducting any related fees or costs. 

19 



## **Leeds and Moortown Furniture Store Limited** 

## **Notes to the Accounts for the year ended 31 March 2021** 

## **Donated goods, facilities and services** 

Donated services and facilities are included in the accounts on the basis of the value of the gift to the charity. 

All donated services and facilities are recognised as donation income when received,(provided the value of the gift can be measured reliably) and recognised as an expense with an equivalent value. 

## _**Policies relating to expenditure on goods and services provided to the charity.**_ 

## **Recognition of liabilities and expenditure** 

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.. 

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the  obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates. 

## **Allocating costs to activities** 

Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and support costs are apportioned between activities. 

The basis for apportionment, which is consistently applied, and proportionate to the circumstances, is :- 

## **Volunteers** 

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity. However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note7. 

## _**Tangible fixed assets**_ 

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition. 

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives. 

Freehold premises 2 % straight line Plant and machinery 25 % straight line 

A regular annual review of the likelihood of asset impairment is undertaken. 

20 



## **Leeds and Moortown Furniture Store Limited** 

## **Notes to the Accounts for the year ended 31 March 2021** 

## **Accounting for capital grants and fixed asset funds.** 

Gifts of  tangible fixed assets or grants of a capital nature, given for the purposes of acquiring specific assets to be fully utilised in the furtherance of the objects of the charity, are credited to fixed asset funds after the donated asset has been received or sums have been properly expended on the restricted purpose. 

Where the terms of the gift require the charity to hold the asset on an ongoing basis for a specific purpose, then the fixed asset fund so created is categorised as a restricted fixed asset fund, and the relevant restrictions are noted in the fixed asset note  11. 

Where the terms of the gift are met once the asset is acquired, so allowing the charity to use the asset on an unrestricted basis, including the right to receive the proceeds of any future sale of the asset on an unrestricted basis, then the fixed asset fund so created is categorised as a designated fixed asset fund. 

When assets are acquired for the furtherance of the charity's objects, utilising the charity's own unrestricted funds,  a transfer is made from unrestricted funds to a designated fixed asset fund. 

Whether acquired with unrestricted or restricted funds, the asset acquired is initially shown in the balance sheet at the full cost of  acquisition or subsequent revaluation. 

As the related assets are depreciated, in accordance with the depreciation policy,in order to reflect the dimunition in the asset,a transfer is made from the relevant fixed asset funds to either unrestricted or restricted revenue funds, as appropriate to the terms of the original gift, if any. 

The effect of this policy is that the aggregate of all fixed asset funds shall equate to the net book value of fixed assets. 

In the first year that this policy was adopted, a transfer to fixed asset funds was made equivalent to the net book value of the assets. 

Any residual liability to the donor arising from, for example, the asset's future sale, is disclosed as a contingent liability unless the event that would trigger repayment of the grant becomes probable in which  case a liability for  repayment  is recognised. 

Insofar as this policy relates to Government grants and to the extent that it may be a departure from the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2019, applicable to all accounting periods beginning on or after 1st January 2019, (The SORP),  such departure is justified on the basis that it is in order to comply with the SORP. 

## **Debtors** 

Debtors are measured at their recoverable amounts at the balance sheet date. 

## **Creditors and provisions** 

Creditors and provision are measured and accounted for in accordance with usually accepted accruals principles. 

## **Financial instruments including cash and bank balances** 

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn,  are shown at the amounts properly reconciled to the bank statements. 

## **Pensions - defined contribution schemes** 

The charity operates a defined contribution pension scheme.  Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. 

21 



## **Leeds and Moortown Furniture Store Limited** 

## **Notes to the Accounts for the year ended 31 March 2021** 

## **Fund Accounting** 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. 

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law. 

There are no endowment funds. 

## **2 Liability to taxation** 

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities. 

## **3 Winding up or dissolution of the charity** 

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity. 

## **4 Significance of financial instruments to the charity's position** 

There are  no significant implications for the charity's position in  relation to financial instruments. 

## **5 Net surplus before tax in the financial year** 

|The net surplus before tax in the financial year is stated after charging:-<br>Depreciation of owned fixed assets<br>Pension costs<br>**Donated goods, services and facilities**<br>**_Current year_**<br>**Current year**<br>**Current year**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**2021**<br>**2021**<br>**£**<br>**£**<br>**_Included in Legacies and Donations:-_**<br>Donated goods and services<br>-<br>36,000<br>**-**<br>**36,000**|The net surplus before tax in the financial year is stated after charging:-<br>Depreciation of owned fixed assets<br>Pension costs<br>**Donated goods, services and facilities**<br>**_Current year_**<br>**Current year**<br>**Current year**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**2021**<br>**2021**<br>**£**<br>**£**<br>**_Included in Legacies and Donations:-_**<br>Donated goods and services<br>-<br>36,000<br>**-**<br>**36,000**|**2021**<br>**£**<br>15,660<br>3,405|**2020**<br>**£**<br>11,231<br>2,702|
|---|---|---|---|
|||**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>36,000|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>36,000|
||**-**<br>**36,000**|**36,000**|**36,000**|



## **6 Donated goods, services and facilities** 

22 



## **Leeds and Moortown Furniture Store Limited** 

## **Notes to the Accounts for the year ended 31 March 2021** 

## **Donated goods, services and facilities (Continued)** 

|**_Prior Year_**<br>**Prior Year**<br>**Prior Year**<br>**Prior Year**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Total Funds**<br>**2020**<br>**2020**<br>**2020**<br>**£**<br>**£**<br>**£**<br>**_Included in Legacies and Donations:-_**<br>Donated goods and services<br>-<br>10,936<br>**36,000**<br>**-**<br>**10,936**<br>**36,000**<br>**The contribution of volunteers**<br>**Staff costs and emoluments**<br>**_Salary costs_**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>Gross Salaries excluding trustees and key management personnel<br>143,290<br>139,350<br>Employer's National Insurance for all staff<br>6,985<br>10,193<br>Employer's operating costs of defined<br>contribution pension schemes<br>3,405<br>2,702<br>**Total salaries, wages and related costs**<br>**153,680**<br>**152,245**<br>**_Numbers of full time employees or full time equivalents_**<br>**2021**<br>**2020**<br>The average number of total staff employed in the year was<br>8<br>8<br>The average number of part time staff employed in the year was<br>3<br>3<br>The average number of full time staff employed in the year was<br>5<br>5<br>The estimated full time equivalent number of all staff employed in the year was<br>6<br>6<br>**_The estimated equivalent number of full time staff deployed in different activities in the year was:-_**<br>Engaged on charitable activities<br>5<br>5<br>Engaged on management and administration<br>3<br>1<br>**_The estimated full time equivalent number of all staff employed as above_**<br>6<br>6<br>The Gifts in Kind relate to motor vehicles supplied by Leeds City Council.<br>The Charity currently has a governing board of three Trustees all of whom are volunteers. It utilises the services of a<br>small number of regular volunteers who carry out collection and delivery of furniture and general warehouse duties.|**_Prior Year_**<br>**Prior Year**<br>**Prior Year**<br>**Prior Year**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Total Funds**<br>**2020**<br>**2020**<br>**2020**<br>**£**<br>**£**<br>**£**<br>**_Included in Legacies and Donations:-_**<br>Donated goods and services<br>-<br>10,936<br>**36,000**<br>**-**<br>**10,936**<br>**36,000**<br>**The contribution of volunteers**<br>**Staff costs and emoluments**<br>**_Salary costs_**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>Gross Salaries excluding trustees and key management personnel<br>143,290<br>139,350<br>Employer's National Insurance for all staff<br>6,985<br>10,193<br>Employer's operating costs of defined<br>contribution pension schemes<br>3,405<br>2,702<br>**Total salaries, wages and related costs**<br>**153,680**<br>**152,245**<br>**_Numbers of full time employees or full time equivalents_**<br>**2021**<br>**2020**<br>The average number of total staff employed in the year was<br>8<br>8<br>The average number of part time staff employed in the year was<br>3<br>3<br>The average number of full time staff employed in the year was<br>5<br>5<br>The estimated full time equivalent number of all staff employed in the year was<br>6<br>6<br>**_The estimated equivalent number of full time staff deployed in different activities in the year was:-_**<br>Engaged on charitable activities<br>5<br>5<br>Engaged on management and administration<br>3<br>1<br>**_The estimated full time equivalent number of all staff employed as above_**<br>6<br>6<br>The Gifts in Kind relate to motor vehicles supplied by Leeds City Council.<br>The Charity currently has a governing board of three Trustees all of whom are volunteers. It utilises the services of a<br>small number of regular volunteers who carry out collection and delivery of furniture and general warehouse duties.|**_Prior Year_**<br>**Prior Year**<br>**Prior Year**<br>**Prior Year**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Total Funds**<br>**2020**<br>**2020**<br>**2020**<br>**£**<br>**£**<br>**£**<br>**_Included in Legacies and Donations:-_**<br>Donated goods and services<br>-<br>10,936<br>**36,000**<br>**-**<br>**10,936**<br>**36,000**<br>**The contribution of volunteers**<br>**Staff costs and emoluments**<br>**_Salary costs_**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>Gross Salaries excluding trustees and key management personnel<br>143,290<br>139,350<br>Employer's National Insurance for all staff<br>6,985<br>10,193<br>Employer's operating costs of defined<br>contribution pension schemes<br>3,405<br>2,702<br>**Total salaries, wages and related costs**<br>**153,680**<br>**152,245**<br>**_Numbers of full time employees or full time equivalents_**<br>**2021**<br>**2020**<br>The average number of total staff employed in the year was<br>8<br>8<br>The average number of part time staff employed in the year was<br>3<br>3<br>The average number of full time staff employed in the year was<br>5<br>5<br>The estimated full time equivalent number of all staff employed in the year was<br>6<br>6<br>**_The estimated equivalent number of full time staff deployed in different activities in the year was:-_**<br>Engaged on charitable activities<br>5<br>5<br>Engaged on management and administration<br>3<br>1<br>**_The estimated full time equivalent number of all staff employed as above_**<br>6<br>6<br>The Gifts in Kind relate to motor vehicles supplied by Leeds City Council.<br>The Charity currently has a governing board of three Trustees all of whom are volunteers. It utilises the services of a<br>small number of regular volunteers who carry out collection and delivery of furniture and general warehouse duties.|
|---|---|---|
||**153,680**|**152,245**|
||**2021**<br>8|**2020**<br>8|
|||3<br>5<br>6<br>5<br>1|
||6|6|



## **7 The contribution of volunteers** 

## **8 Staff costs and emoluments** 

Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year. 

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum. 

23 



## **Leeds and Moortown Furniture Store Limited** 

## **Notes to the Accounts for the year ended 31 March 2021** 

## **9 Defined contribution pension schemes** 

The Pension scheme has been set up under the Autoenrolment provisions with NEST Pensions and offered to all employees, and contributions are paid on qualified earnings. 

Employers contributions are due of 1% from April 2017, 2% from April 2018 and 3% from April 2019 and thereafter. 

Any liabilites and assets associated with the scheme are shown under debtors and creditors. 

Any liabilites and assets associated with the scheme are shown under debtors and creditors. 

## **10 Trustees' expenses** 

No trustee expenses were incurred, either in the current or prior year. 

## **11 Tangible fixed assets** 

|**_Current Year_**<br>**Cost**<br>At 1 April 2020<br>**At 31 March 2021**<br>**Depreciation**<br>At 1 April 2020<br>Charge for the year<br>**At 31 March 2021**<br>**Net book value**<br>**At 31 March 2021**<br>**At 31 March 2020**|**Land and**<br>**Buildings**<br>£<br>359,333|**Plant &**<br>**Machinery**<br>£<br>105,138|**Total**<br>£<br>464,471|
|---|---|---|---|
||**359,333**|**105,138**|**464,471**|
||90,306<br>7,187|101,402<br>8,473|191,708<br>15,660|
||**97,493**|**109,875**|**207,368**|
||**261,840**|**(4,737)**|**257,103**|
|||||
||**269,027**|**3,736**|**272,763**|



24 



## **Leeds and Moortown Furniture Store Limited** 

## **Notes to the Accounts for the year ended 31 March 2021** 

## **12 Investments held as fixed assets** 

|**Carrying values of investments**<br>At 1 April 2020<br>**At 31 March 2021**<br>**Analysis between fair value and historical cost**<br>Investments as above held at fair value<br>-<br>**Analysis of  Investment in subsidiary**<br>**Summary of other classes of investments at 31 March 2021**<br>Cash or cash equivalents|-<br>**Included at**<br>**historical cost,**<br>**less write**<br>**down**<br>**£**<br>2|**£**<br>**2**<br>**Investment in**<br>**subsidiary**|**Total**<br>**£**<br>2|
|---|---|---|---|
|||**2**|**2**|
|||2<br>**Included at**<br>**fair value**<br>**£**<br>**-**|2<br>**Total**<br>**£**<br>**2**|



25 



## **Leeds and Moortown Furniture Store Limited** 

## **Notes to the Accounts for the year ended 31 March 2021 13 Subsidiary companies** 

The name of the subsidiary undertaking is  LMFS Trading Ltd, registered in England with company number 4068599. 

The aggregate amount of the holding company's investment in its subsidiary is £2, which represents 100% of the issued ordinary share capital of the subsidiary. The subsidiary is controlled by the holding company by virtue of the power to appoint directors to the board of the subsidiary. 

The subsidiary's activities relate to those of the holding company in that the subsidiary is a trading enterprise engaging in trades similar to the charitable activities of the holding company, and donates its entire taxable trading profit to the holding company by way of gift aid. 

## **A summary of the unaudited financial statements of the subsidiary is :-** 

|**A summary of the unaudited financial**<br>**statements of the subsidiary is :-**|||
|---|---|---|
|**_Assets and Funds_**<br>Aggregate amount of assets<br>Aggregate amounts of liabilities<br>Aggregate amount of funds<br>**_Profit and Loss_**<br>Turnover net of VAT<br>Expenses net of VAT<br>**_Net profit for the year before tax_**<br>Gift Aid Payments made to holding company<br>**_Net profit for the year after tax and Gift Aid_**|**2021**<br>**£**<br>39,009<br>(21,787)|**2020**<br>**£**<br>39,189<br>(24,625)|
||17,222|14,564|
||110,540<br>(107,882)|159,001<br>(164,421)|
||**2,658**<br>-|**(5,420)**<br>(27,508)|
||**2,658**|**(32,928)**|



The net profit of the subsidiary is stated after including intergroup company income of £nil (2019 - £nil) and intergroup company expenditure of £27,000 (2019 - £54,000) which represents management charges received by this charity on a cost recover basis. 

## **Funds retained within charitable subsidiaries** 

The funds retained within the trading subsidiary and included within the restricted funds in the notes to these accounts are:- 

|**2021**<br>**£**<br>17,222|**2020**<br>**£**<br>47,492|
|---|---|



Amounts owing to and from the subsidiary are shown in the notes relating to creditors and debtors. 

26 



## **Leeds and Moortown Furniture Store Limited** 

## **Notes to the Accounts for the year ended 31 March 2021** 

## **14 Debtors** 

|Trade debtors<br>Prepayments and accrued income<br>**15 Creditors: amounts falling due within one year**<br>Trade creditors<br>Accruals<br>Other creditors<br>**16 Pension commitments**<br>Pension commitments under defined benefit/defined contribution schemes<br>within one year<br>within two to five years<br>in over five years<br>**17 Income and Expenditure account summary**<br>**At 1 April 2020**<br>Surplus after tax for the year<br>**At 31 March 2021**<br>Amounts owed to group undertakings and undertakings in which the charity has a<br>participating interest<br>Amounts owed by group undertakings and undertakings in which the charity has a<br>participating interest|**2021**<br>**£**<br>701<br>13,500<br>3,734|**2020**<br>**£**<br>948<br>13,500<br>3,734|
|---|---|---|
||**17,935**|**18,182**|
||**2021**<br>**£**<br>2,618<br>15,727<br>6<br>822|**2020**<br>**£**<br>2,173<br>11,100<br>6<br>-|
||**19,173**|**13,279**|
||**2021**<br>**£**<br>2,905<br>2,905<br>2,905|**2020**<br>**£**<br>2,436<br>2,436<br>2,436|
||**8,715**|**7,308**|
||**2021**<br>**£**<br>389,345<br>(15,753)|**2020**<br>**£**<br>403,095<br>(13,750)|
||**373,592**|**389,345**|



## **18 No related party transactions** 

Except for the transactions with the trading subsidiary as detailed elsewhere, there were no transactions with any related party. 

27 



## **Leeds and Moortown Furniture Store Limited** 

## **Notes to the Accounts for the year ended 31 March 2021** 

## **19 Particulars of how particular funds are represented by assets and liabilities** 

|**At 31 March 2021**<br>Tangible Fixed Assets<br>Investments at valuation:-<br>_Fixed asset investments_<br>Current Assets<br>Current Liabilities<br>**At 1 April 2020**<br>Tangible Fixed Assets<br>Investments at valuation:-<br>Fixed asset investments<br>Current Assets<br>Current Liabilities|**Unrestricted**<br>**Designated**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>-<br>-<br>2<br>-<br>135,659<br>(19,173)<br>-|**Restricted**<br>**funds**<br>**£**<br>257,103<br>-<br>-<br>-|**Total**<br>**Funds**<br>**£**<br>**257,103**<br>**2**<br>**135,659**<br>**(19,173)**|
|---|---|---|---|
||**116,488**<br>**-**|**257,103**|**373,591**|
||**Unrestricted**<br>**Designated**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>-<br>2<br>-<br>129,858<br>-<br>(13,279)<br>-|**Restricted**<br>**funds**<br>**£**<br>272,763<br>-<br>-<br>-|**Total**<br>**Funds**<br>**£**<br>**272,763**<br>**2**<br>**129,858**<br>**(13,279)**|
||**116,581**<br>**-**|**272,763**|**389,344**|



## **20 Change in total funds over the year as shown in Note 19 , analysed by individual funds** 

|**_Unrestricted and designated funds:-_**<br>Unrestricted Revenue Funds<br>**Total unrestricted and designated funds**<br>**_Restricted funds:-_**<br>Restricted Fixed Asset Funds<br>**Total restricted funds**<br>**Total charity funds**|**Funds brought**<br>**forward from**<br>**2020**<br>**Movement in**<br>**funds in 2021**<br>**See Note 21**<br>**£**<br>**£**<br>116,581<br>(15,753)|**Transfers**<br>**between**<br>**funds in 2021**<br>**See Note 0**<br>**£**<br>15,660|**Funds carried**<br>**forward to**<br>**2022**<br>**£**<br>**116,488**|
|---|---|---|---|
||**116,581**<br>**(15,753)**|**15,660**|**116,488**|
||272,763<br>-|(15,660)|**257,103**|
||**272,763**<br>**-**|**(15,660)**|**257,103**|
|||||
||**389,344**<br>**(15,753)**|**-**|**373,591**|



The transfers between funds are made in accordance with the accounting policies relating to fixed asset funds. 

## **21 Analysis of movements in funds over the year as shown in Note 20** 

28 



## **Leeds and Moortown Furniture Store Limited** 

## **Notes to the Accounts for the year ended 31 March 2021** 

|**_Unrestricted and designated funds:-_**<br>Unrestricted Revenue Funds<br>**_Restricted funds:-_**<br>Services Donated by Leeds City Council<br>Salaries Funds|**Income**<br>**Expenditure**<br>**2021**<br>**2021**<br>**£**<br>**£**<br>45,162<br>(60,915)<br>36,000<br>(36,000)<br>146,561<br>(146,561)|**Other**<br>**Gains &**<br>**Losses**<br>**2021**<br>**£**<br>-<br>-<br>-|**Movement**<br>**in  funds**<br>**2021**<br>**£**<br>**(15,753)**<br>**-**<br>**-**|
|---|---|---|---|
||**227,723**<br>**(243,476)**|**-**|**(15,753)**|



## **22 The purposes for which the funds as** 

## _**Unrestricted and designated funds:-**_ 

Unrestricted Revenue Funds 

Designated Fixed Asset Funds 

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use. 

The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'. 

## _**Restricted funds:-**_ 

LCC Donated Vehicles Fund 

These are supplies in kind by Leeds City Council 

Salaries funded byHM Government,  Leeds Funds provided by HM Government and Leeds City Council for specific City Council and Leeds City Council Housing direct charitable purposes, including direct salaries, have been applied to and Social Services those purposes. 

- 

## **23 Ultimate controlling party** 

The charity is under the control of its legal members. 

Every member of the charity is obliged to contribute such amount as may be required not exceeding £1 to the assets of the company in the event of its being wound up while he or she is a member, or within  one year after  he or she ceases to be a  member. 

29 



## **Leeds and Moortown Furniture Store Limited** 

## **Detailed analysis of income and expenditure for the year ended 31 March 2021 as required by the SORP 2015** 

## _**This analysis is classsified by conventional nominal descriptions and not by activity.**_ 

## **24 Donations, Grants and Legacies** 

|**Donations, Grants and Legacies**|||||
|---|---|---|---|---|
|**Current year**<br>**Current year**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**2021**<br>**2021**<br>**£**<br>**£**<br>**Donations and gifts from individuals**<br>1,839<br>-<br>3,238<br>-<br>**5,077**<br>**-**<br>All the donations and gifts in the prior year were unrestricted.<br>**Current year**<br>**Current year**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**2021**<br>**2021**<br>**£**<br>**£**<br>5,101<br>-<br>-<br>66,581<br>-<br>79,980<br>**5,101**<br>**146,561**<br>**Revenue grants from government and public bodies - Prior Year analysis**<br>**Prior Year**<br>**Prior Year**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**2020**<br>**2020**<br>**£**<br>**£**<br>**Prior Year**<br>12,580<br>80,130<br>**Current year**<br>**Current year**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**2021**<br>**2021**<br>**£**<br>**£**<br>-<br>-<br>**-**<br>**-**<br>Government Covid Job Retention Grant<br>Leeds City Council Housing and Social Services<br>Small donations individually less than £1000<br>Furniture Donations<br>**Revenue grants from government and**<br>**public bodies**<br>Leeds City Council Waste Recycling Credits<br>**Total donations and gifts from**<br>**individuals**<br>**Total private sector revenue grants**<br>**Total public sector revenue grants**<br>**Revenue grants and donations from**<br>**non public bodies**<br>Small grants individually less than £1000|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>1,839<br>3,238|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-<br>-|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**1,839**<br>**3,238**<br>**5,077**<br>**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**5,101**<br>**66,581**<br>**79,980**<br>**151,662**<br>**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>**92,710**<br>**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**-**<br>**-**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>1,190<br>4,659|
||**5,077**|**-**||**5,849**|
|||**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-<br>66,581<br>79,980||**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>12,580<br>-<br>80,130|
||**5,101**|**146,561**||**92,710**|
|||||**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>533|
||**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>-|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-|||
||**-**|**-**||**533**|



30 



## **Leeds and Moortown Furniture Store Limited** 

## **Detailed analysis of income and expenditure for the year ended 31 March 2021 as required by the SORP 2015** 

All the donations and gifts in the prior year were unrestricted. 

|**Donated goods and services**<br>**Donated goods and services  - Prior Year analysis**<br>**Prior Year**<br>**Gift Aid from Subsidary**<br>Gift Aid from Subsidary<br>**Total Gift Aid from Subsidary**<br>**Total donated goods and services**<br>Leeds City Council Van Hire|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>-|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>36,000|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**36,000**<br>**36,000**<br>**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>**36,000**<br>**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**-**<br>**-**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>36,000|
|---|---|---|---|---|
||**-**|**36,000**||**36,000**|
||**Prior Year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>-|**Prior Year**<br>**Restricted**<br>**Funds**<br>**2020**<br>**£**<br>36,000||**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>27,508|
||**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>-|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-|||
||**-**|**-**||**27,508**|



All the donations and gifts in the prior year were unrestricted. 

|**Total Donations, Grants and Legacies**<br>**Total Donations, Grants and**<br>**Legacies**<br>**A1**<br>**_Prior year_**<br>**Total Donations, Grants and**<br>**Legacies**<br>**A1**|||||
|---|---|---|---|---|
||**10,178**|**182,561**|**192,739**<br>**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>**162,600**|**162,600**|
||**Unrestricted**<br>**Funds**<br>**2020**<br>**£**|**Restricted**<br>**Funds**<br>**2020**<br>**£**|||
||**46,470**|**116,130**|||



31 



## **Leeds and Moortown Furniture Store Limited** 

**Detailed analysis of income and expenditure for the year ended 31 March 2021 as required by the SORP 2015** 

## **25 Income from charitable activities -  Trading Activities** 

|**_Current year_**<br>**Primary purpose and ancillary trading**<br>All the income in the prior year wasunrestricted.<br>**_Current year_**<br>Total income from charitable trading<br>**Total from charitable activities**<br>**A2**<br>All the income in the prior year was unrestricted.<br> **Investment income**<br>Bank Interest Receivable<br>**Total investment income**<br>**A4**<br>**Total Income from charitable activities**<br>Management fees and charges received<br>**Total Primary purpose and ancillary**<br>**trading**<br>Sale of goods and services in accordance<br>with the charity's objects<br>Other Charitable Activities|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>3,649<br>27,000<br>4,335|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-<br>-<br>-|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**3,649**<br>**27,000**<br>**4,335**<br>**34,984**<br>**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**34,984**<br>**34,984**<br>**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**-**<br>**-**|**Prior Year**<br>**Total funds**<br>**2020**<br>**£**<br>9,456<br>54,000<br>11,746|
|---|---|---|---|---|
||**34,984**|**-**||**75,202**|
||**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>34,984|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-||**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>75,202|
||**34,984**|**-**||**75,202**|
||**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>-|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-||**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>481|
||**-**|**-**||**481**|



## **26 Total Income from charitable activities** 

## **27 Investment income** 

All the investment income in the prior year was unrestricted 

32 



## **Leeds and Moortown Furniture Store Limited** 

## **Detailed analysis of income and expenditure for the year ended 31 March 2021 as required by the SORP 2015** 

## **28 Expenditure on charitable activities - Direct spending** 

|**Current year**<br>**_Current Year_**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>-<br>3,714<br>3,405<br>5<br>-<br>**Total direct spending**<br>**B2a**<br>**7,124**<br>**Prior Year**<br>**_Prior Year_**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>59,370<br>-<br>**Total direct spending**<br>**B2a**<br>**72,421**<br> **Expenditure on charitable activities - Charitable trading**<br>**Current year**<br>**_Current Year_**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>**8,466**<br>**Total charitable trading costs**<br>**B2b**<br>**8,466**<br>Gifts in kind, donated services and<br>Employers' NI - Charitable activities<br>Travel and Subsistence - Charitable<br>Activities<br>Gross wages and salaries - charitable<br>activities<br>Gross wages and salaries - charitable<br>activities<br>Cost for primary purpose trading -<br>Vehicle costs<br>Gifts in kind, donated services and<br>facilities (contra with income from the<br>same sources)<br>Defined contribution pension costs  -<br>charitable activities|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>-<br>3,714<br>3,405<br>5<br>-|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>143,290<br>3,271<br>-<br>-<br>36,000|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**143,290**<br>**6,985**<br>**3,405**<br>**5**<br>**36,000**<br>**189,685**<br>**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>**139,350**<br>**36,000**<br>**188,401**<br>**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**8,466**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>**139,350**<br>**10,193**<br>**2,702**<br>**156**<br>**36,000**|
|---|---|---|---|---|
||**7,124**|**182,561**||**188,401**|
||**Prior Year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>59,370<br>-|**Prior Year**<br>**Restricted**<br>**Funds**<br>**2020**<br>**£**<br>79,980<br>10,936||**#REF!**<br>**Total Funds**<br>**2020**<br>**£**<br>**4,633**|
||**72,421**|**90,916**|||
|||**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>**-**|||
||**8,466**|**-**|**8,466**|**4,633**|



## **29 Expenditure on charitable activities - Charitable trading** 

All the prior year expenditure was unrestricted 

33 



## **Leeds and Moortown Furniture Store Limited** 

## **Detailed analysis of income and expenditure for the year ended 31 March 2021 as required by the SORP 2015** 

|**30**<br>**_Current Year_**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Total Funds**<br>**Total Funds**<br>**2021**<br>**2021**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>**£**<br>**£**<br>**_Employee costs not included in direct costs_**<br>952<br>-<br>**952**<br>**2,384**<br>-<br>-<br>**-**<br>**1,400**<br>-<br>-<br>**-**<br>**1,503**<br>239<br>-<br>**239**<br>**-**<br>**_Volunteer costs_**<br>2,724<br>-<br>**2,724**<br>**9,029**<br>**_Premises Expenses_**<br>3,572<br>-<br>**3,572**<br>**6,685**<br>1,203<br>-<br>**1,203**<br>**2,258**<br>1,175<br>-<br>**1,175**<br>**210**<br>609<br>-<br>**609**<br>**6,728**<br>736<br>-<br>**736**<br>**984**<br>5,940<br>-<br>**5,940**<br>**5,882**<br>3,135<br>-<br>**3,135**<br>**-**<br>**_Administrative overheads_**<br>1,071<br>-<br>**1,071**<br>**1,188**<br>235<br>-<br>**235**<br>**923**<br>25<br>-<br>**25**<br>**930**<br>159<br>-<br>**159**<br>**106**<br>2,244<br>-<br>**2,244**<br>**2,416**<br>300<br>-<br>**300**<br>**280**<br>1,200<br>-<br>**1,200**<br>**1,214**<br>799<br>_-_<br>**799**<br>**60**<br>**_Professional fees paid to advisors other than the auditor or examiner_**<br>500<br>-<br>**500**<br>**-**<br>-<br>-<br>**-**<br>**13**<br>35<br>-<br>**35**<br>**35**<br>-<br>-<br>**-**<br>**750**<br>**_Financial costs_**<br>132<br>-<br>**132**<br>**100**<br>15,660<br>-<br>**15,660**<br>**11,231**<br>**Support costs before reallocation**<br>**42,645**<br>**-**<br>**42,645**<br>**56,309**<br>**Total support costs - Current Year**<br>**42,645**<br>**-**<br>**42,645**<br>**56,309**<br>Depreciation & Amortisation in total<br>Other legal and professional<br>Advertising and marketing<br>Protective clothing costs<br>Equipment expenses<br>Software licences and expenses<br>Sundry expenses<br>Accountancy fees other than<br>examination or audit fees<br>Telephone, fax and internet<br>Postage, Stationery and Printing<br>Cleaning and waste management<br>Alarm and security costs<br>Site charges<br>Property and Commercial insurance<br>Light heat and power<br>Membership subscriptions<br>**Support costs for charitable activities**<br>Training and welfare - staff<br>Payroll fees and charges<br>Travel and subsistence - staff<br>Training and welfare - volunteers<br>HR consultancy<br>Rates and water charges<br>Premises repairs, renewals and<br>maintenance<br>Legal fees<br>**_Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination_**<br>**_fees_**<br>Bank charges<br>As detailed in Note 31|**30**<br>**_Current Year_**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Total Funds**<br>**Total Funds**<br>**2021**<br>**2021**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>**£**<br>**£**<br>**_Employee costs not included in direct costs_**<br>952<br>-<br>**952**<br>**2,384**<br>-<br>-<br>**-**<br>**1,400**<br>-<br>-<br>**-**<br>**1,503**<br>239<br>-<br>**239**<br>**-**<br>**_Volunteer costs_**<br>2,724<br>-<br>**2,724**<br>**9,029**<br>**_Premises Expenses_**<br>3,572<br>-<br>**3,572**<br>**6,685**<br>1,203<br>-<br>**1,203**<br>**2,258**<br>1,175<br>-<br>**1,175**<br>**210**<br>609<br>-<br>**609**<br>**6,728**<br>736<br>-<br>**736**<br>**984**<br>5,940<br>-<br>**5,940**<br>**5,882**<br>3,135<br>-<br>**3,135**<br>**-**<br>**_Administrative overheads_**<br>1,071<br>-<br>**1,071**<br>**1,188**<br>235<br>-<br>**235**<br>**923**<br>25<br>-<br>**25**<br>**930**<br>159<br>-<br>**159**<br>**106**<br>2,244<br>-<br>**2,244**<br>**2,416**<br>300<br>-<br>**300**<br>**280**<br>1,200<br>-<br>**1,200**<br>**1,214**<br>799<br>_-_<br>**799**<br>**60**<br>**_Professional fees paid to advisors other than the auditor or examiner_**<br>500<br>-<br>**500**<br>**-**<br>-<br>-<br>**-**<br>**13**<br>35<br>-<br>**35**<br>**35**<br>-<br>-<br>**-**<br>**750**<br>**_Financial costs_**<br>132<br>-<br>**132**<br>**100**<br>15,660<br>-<br>**15,660**<br>**11,231**<br>**Support costs before reallocation**<br>**42,645**<br>**-**<br>**42,645**<br>**56,309**<br>**Total support costs - Current Year**<br>**42,645**<br>**-**<br>**42,645**<br>**56,309**<br>Depreciation & Amortisation in total<br>Other legal and professional<br>Advertising and marketing<br>Protective clothing costs<br>Equipment expenses<br>Software licences and expenses<br>Sundry expenses<br>Accountancy fees other than<br>examination or audit fees<br>Telephone, fax and internet<br>Postage, Stationery and Printing<br>Cleaning and waste management<br>Alarm and security costs<br>Site charges<br>Property and Commercial insurance<br>Light heat and power<br>Membership subscriptions<br>**Support costs for charitable activities**<br>Training and welfare - staff<br>Payroll fees and charges<br>Travel and subsistence - staff<br>Training and welfare - volunteers<br>HR consultancy<br>Rates and water charges<br>Premises repairs, renewals and<br>maintenance<br>Legal fees<br>**_Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination_**<br>**_fees_**<br>Bank charges<br>As detailed in Note 31|**30**<br>**_Current Year_**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Total Funds**<br>**Total Funds**<br>**2021**<br>**2021**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>**£**<br>**£**<br>**_Employee costs not included in direct costs_**<br>952<br>-<br>**952**<br>**2,384**<br>-<br>-<br>**-**<br>**1,400**<br>-<br>-<br>**-**<br>**1,503**<br>239<br>-<br>**239**<br>**-**<br>**_Volunteer costs_**<br>2,724<br>-<br>**2,724**<br>**9,029**<br>**_Premises Expenses_**<br>3,572<br>-<br>**3,572**<br>**6,685**<br>1,203<br>-<br>**1,203**<br>**2,258**<br>1,175<br>-<br>**1,175**<br>**210**<br>609<br>-<br>**609**<br>**6,728**<br>736<br>-<br>**736**<br>**984**<br>5,940<br>-<br>**5,940**<br>**5,882**<br>3,135<br>-<br>**3,135**<br>**-**<br>**_Administrative overheads_**<br>1,071<br>-<br>**1,071**<br>**1,188**<br>235<br>-<br>**235**<br>**923**<br>25<br>-<br>**25**<br>**930**<br>159<br>-<br>**159**<br>**106**<br>2,244<br>-<br>**2,244**<br>**2,416**<br>300<br>-<br>**300**<br>**280**<br>1,200<br>-<br>**1,200**<br>**1,214**<br>799<br>_-_<br>**799**<br>**60**<br>**_Professional fees paid to advisors other than the auditor or examiner_**<br>500<br>-<br>**500**<br>**-**<br>-<br>-<br>**-**<br>**13**<br>35<br>-<br>**35**<br>**35**<br>-<br>-<br>**-**<br>**750**<br>**_Financial costs_**<br>132<br>-<br>**132**<br>**100**<br>15,660<br>-<br>**15,660**<br>**11,231**<br>**Support costs before reallocation**<br>**42,645**<br>**-**<br>**42,645**<br>**56,309**<br>**Total support costs - Current Year**<br>**42,645**<br>**-**<br>**42,645**<br>**56,309**<br>Depreciation & Amortisation in total<br>Other legal and professional<br>Advertising and marketing<br>Protective clothing costs<br>Equipment expenses<br>Software licences and expenses<br>Sundry expenses<br>Accountancy fees other than<br>examination or audit fees<br>Telephone, fax and internet<br>Postage, Stationery and Printing<br>Cleaning and waste management<br>Alarm and security costs<br>Site charges<br>Property and Commercial insurance<br>Light heat and power<br>Membership subscriptions<br>**Support costs for charitable activities**<br>Training and welfare - staff<br>Payroll fees and charges<br>Travel and subsistence - staff<br>Training and welfare - volunteers<br>HR consultancy<br>Rates and water charges<br>Premises repairs, renewals and<br>maintenance<br>Legal fees<br>**_Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination_**<br>**_fees_**<br>Bank charges<br>As detailed in Note 31|**30**<br>**_Current Year_**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Total Funds**<br>**Total Funds**<br>**2021**<br>**2021**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>**£**<br>**£**<br>**_Employee costs not included in direct costs_**<br>952<br>-<br>**952**<br>**2,384**<br>-<br>-<br>**-**<br>**1,400**<br>-<br>-<br>**-**<br>**1,503**<br>239<br>-<br>**239**<br>**-**<br>**_Volunteer costs_**<br>2,724<br>-<br>**2,724**<br>**9,029**<br>**_Premises Expenses_**<br>3,572<br>-<br>**3,572**<br>**6,685**<br>1,203<br>-<br>**1,203**<br>**2,258**<br>1,175<br>-<br>**1,175**<br>**210**<br>609<br>-<br>**609**<br>**6,728**<br>736<br>-<br>**736**<br>**984**<br>5,940<br>-<br>**5,940**<br>**5,882**<br>3,135<br>-<br>**3,135**<br>**-**<br>**_Administrative overheads_**<br>1,071<br>-<br>**1,071**<br>**1,188**<br>235<br>-<br>**235**<br>**923**<br>25<br>-<br>**25**<br>**930**<br>159<br>-<br>**159**<br>**106**<br>2,244<br>-<br>**2,244**<br>**2,416**<br>300<br>-<br>**300**<br>**280**<br>1,200<br>-<br>**1,200**<br>**1,214**<br>799<br>_-_<br>**799**<br>**60**<br>**_Professional fees paid to advisors other than the auditor or examiner_**<br>500<br>-<br>**500**<br>**-**<br>-<br>-<br>**-**<br>**13**<br>35<br>-<br>**35**<br>**35**<br>-<br>-<br>**-**<br>**750**<br>**_Financial costs_**<br>132<br>-<br>**132**<br>**100**<br>15,660<br>-<br>**15,660**<br>**11,231**<br>**Support costs before reallocation**<br>**42,645**<br>**-**<br>**42,645**<br>**56,309**<br>**Total support costs - Current Year**<br>**42,645**<br>**-**<br>**42,645**<br>**56,309**<br>Depreciation & Amortisation in total<br>Other legal and professional<br>Advertising and marketing<br>Protective clothing costs<br>Equipment expenses<br>Software licences and expenses<br>Sundry expenses<br>Accountancy fees other than<br>examination or audit fees<br>Telephone, fax and internet<br>Postage, Stationery and Printing<br>Cleaning and waste management<br>Alarm and security costs<br>Site charges<br>Property and Commercial insurance<br>Light heat and power<br>Membership subscriptions<br>**Support costs for charitable activities**<br>Training and welfare - staff<br>Payroll fees and charges<br>Travel and subsistence - staff<br>Training and welfare - volunteers<br>HR consultancy<br>Rates and water charges<br>Premises repairs, renewals and<br>maintenance<br>Legal fees<br>**_Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination_**<br>**_fees_**<br>Bank charges<br>As detailed in Note 31|**30**<br>**_Current Year_**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Total Funds**<br>**Total Funds**<br>**2021**<br>**2021**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>**£**<br>**£**<br>**_Employee costs not included in direct costs_**<br>952<br>-<br>**952**<br>**2,384**<br>-<br>-<br>**-**<br>**1,400**<br>-<br>-<br>**-**<br>**1,503**<br>239<br>-<br>**239**<br>**-**<br>**_Volunteer costs_**<br>2,724<br>-<br>**2,724**<br>**9,029**<br>**_Premises Expenses_**<br>3,572<br>-<br>**3,572**<br>**6,685**<br>1,203<br>-<br>**1,203**<br>**2,258**<br>1,175<br>-<br>**1,175**<br>**210**<br>609<br>-<br>**609**<br>**6,728**<br>736<br>-<br>**736**<br>**984**<br>5,940<br>-<br>**5,940**<br>**5,882**<br>3,135<br>-<br>**3,135**<br>**-**<br>**_Administrative overheads_**<br>1,071<br>-<br>**1,071**<br>**1,188**<br>235<br>-<br>**235**<br>**923**<br>25<br>-<br>**25**<br>**930**<br>159<br>-<br>**159**<br>**106**<br>2,244<br>-<br>**2,244**<br>**2,416**<br>300<br>-<br>**300**<br>**280**<br>1,200<br>-<br>**1,200**<br>**1,214**<br>799<br>_-_<br>**799**<br>**60**<br>**_Professional fees paid to advisors other than the auditor or examiner_**<br>500<br>-<br>**500**<br>**-**<br>-<br>-<br>**-**<br>**13**<br>35<br>-<br>**35**<br>**35**<br>-<br>-<br>**-**<br>**750**<br>**_Financial costs_**<br>132<br>-<br>**132**<br>**100**<br>15,660<br>-<br>**15,660**<br>**11,231**<br>**Support costs before reallocation**<br>**42,645**<br>**-**<br>**42,645**<br>**56,309**<br>**Total support costs - Current Year**<br>**42,645**<br>**-**<br>**42,645**<br>**56,309**<br>Depreciation & Amortisation in total<br>Other legal and professional<br>Advertising and marketing<br>Protective clothing costs<br>Equipment expenses<br>Software licences and expenses<br>Sundry expenses<br>Accountancy fees other than<br>examination or audit fees<br>Telephone, fax and internet<br>Postage, Stationery and Printing<br>Cleaning and waste management<br>Alarm and security costs<br>Site charges<br>Property and Commercial insurance<br>Light heat and power<br>Membership subscriptions<br>**Support costs for charitable activities**<br>Training and welfare - staff<br>Payroll fees and charges<br>Travel and subsistence - staff<br>Training and welfare - volunteers<br>HR consultancy<br>Rates and water charges<br>Premises repairs, renewals and<br>maintenance<br>Legal fees<br>**_Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination_**<br>**_fees_**<br>Bank charges<br>As detailed in Note 31|
|---|---|---|---|---|
||**42,645**|**-**|**42,645**<br>**42,645**|**56,309**|
||**42,645**|**-**||**56,309**|
||||||



34 



## **Leeds and Moortown Furniture Store Limited** 

## **Detailed analysis of income and expenditure for the year ended 31 March 2021 as required by the SORP 2015** 

The basis of allocation of costs between activities is described under accounting policies. All the prior year expenditure was unrestricted 

## **31 Other Expenditure - Governance costs** 

|**_Current Year_**<br>Independent Examiner's fees<br>Trustees' indemnity insurance<br>**Total Governance costs**|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>1,900<br>780|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-<br>-|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**1,900**<br>**780**<br>**2,680**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>**1,910**<br>**780**|
|---|---|---|---|---|
||**2,680**|**-**||**2,690**|



## _**Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination fees**_ 

|Fees paid to the examiner's firm - Company Filing Fees<br>Tax advisory fees<br>**Total additional fees included in**<br>**support costs at Note 30**|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>799<br>-|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-<br>-|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**799**<br>**-**<br>**799**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>**30**<br>**30**|
|---|---|---|---|---|
||**799**|**-**||**60**|



All the expenditure in the prior year was unrestricted. 

## **32 Total Charitable expenditure** 

|**_Current Year_**<br>Total direct spending<br>**B2a**<br>Total charitable trading costs<br>**B2b**<br>Total support costs<br>**B2d**<br>Total Governance costs<br>**B2e**<br>**Total charitable expenditure**<br>**B2**|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>7,124<br>8,466<br>42,645<br>2,680|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>182,561<br>-<br>-<br>-|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**189,685**<br>**8,466**<br>**42,645**<br>**2,680**<br>**243,476**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>**188,401**<br>**4,633**<br>**56,309**<br>**2,690**|
|---|---|---|---|---|
||**60,915**|**182,561**||**252,033**|



35 



## **Leeds and Moortown Furniture Store Limited** 

## **Detailed analysis of income and expenditure for the year ended 31 March 2021 as required by the SORP 2015** 

|**Total Charitable expenditure (continued)**<br>**_Prior Year_**<br>Total direct spending<br>**B2a**<br>Total charitable trading costs<br>**B2b**<br>Total support costs<br>**B2d**<br>Total Governance costs<br>**B2e**<br>**Total charitable expenditure**<br>**B2**|**Prior Year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>72,421<br>4,633<br>-<br>2,690|**Prior Year**<br>**Prior Year**<br>**Restricted**<br>**Funds**<br>**Total Funds**<br>**2020**<br>**2020**<br>**£**<br>**£**<br>90,916<br>**188,401**<br>-<br>**4,633**<br>-<br>**56,309**<br>-<br>**2,690**|
|---|---|---|
||**79,744**|**90,916**<br>**252,033**|



36