2022-03-31-accounts - Leeds And Moortown Furniture Store CIO

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

The financial position ofthe charity	at 31 March 2022	and comparatives	for the prior period, as
more fully detailed in the accounts,	can be summarised	as follows:-
		2022	2021
		t	r.
Net Income		(20,975)	(15,753)
Unrestricuxt Revenue Funds available general purposes cfthe charily	for the	97,963	116,488
Restdclsd Fixed Asset Funds		254,653	257,103
TotalFunds		352,616	373,591

		SORF	Current yssr	Current year	Current year	Prior Year
		n&	Unrestricted	neslnclsd	TotslFunds	Total Funds
			Funds	Funds
			2022	2022	2022	2021
			E	E	E	E
Income 8Endowments	from:
Donations 4 Legacies		A1	27,691	«5,980	143,671	192,739
Charitable activities		A2	67,963		67,963	34,984
Other trading activities		A3
Investments		A4	39		39
Total Income		A	95,693	«5,980	211,673	227,723
Expenditure on:
Charitable activiTies		B2	«6,668	«5,980	232,648	243,476
Total expenditure		B	«6,668	115,980	232,648	243,476
Net Income for the year			(20,975)		(20,975)	(15,753)
Transfers between funds		C	2,450	(2,450)
Net Income after transfers		A-B-C	(18,525)	(2,450)	(20,075)	(15,753)
Net movement in funds			(18,525)	(2,450)	(20,075)	(15,753)
Reconciliation offunds:-		E
Totalfunds broughtforward			«6,488	257,103	373,591	389,344
Total funds carried forward			97,963	254,653	352,616	373,501

required by paragrap	h	4.2	ofth	e SORP
			80RP Ref	Prior Year Unnlsuloled	Pool' Yssr Restricted	poor Year Total Funds
				Funrls	Funds
				2S21	2021	2021
				0	r.	0
Income &Endowments	from:
Donations &Legacies			A1	10,178	182,561	192,739
Charitable activities			A2	34,984		34,984
Investments			A4
Total income				45,162	162,561	227,723
Expenditure on:
Raising funds			Bl
Charitable activities			B2	60,915	182,561	243,476
Other			83
Tax on surplus on ordinary		activil	83
Other taxation			83
Total expenditure				60,915	182,561	243,476
Net gains on investments
Net income forthe year				(15,753)		(15,753)
Transfers between funds				15,660	(15,660)
Net Income after transfers				(93)	(15,660)	(15,753)
Net movement in funds				(93)	(15,660)	(15,753)
Reconciliation offunds:-			E
Total funds brought forward				116,581	272,763	389,344
Total funds carried forward				116,488	257,103	373,501

Leeds and Moortown	Furniture Store Limited - Resources applied	Furniture Store Limited - Resources applied	in the year	ended 31
March 2022 towards	fixed assets for Charity use:-
			2022	2021
			5	5
Funds generated in the year as		detailed in the SOFA	(20,975)	(15,753)
Resources applied on functional		fixed assets
Other applications offunds
Net resources available	to	fund charitable activities	(20,975)	~(t5,753

					Unrestricted	Restricted	Total	Lest year
					Funds	Funds	Funds	Tots/Funds
					2022	2022	2022	2021
							0	0
Accumulated	funds brought			forward	116,468		116,468	110,581
Recognised	gains	and	losses before		(20,975)		(20,975)	(15,753)
transfers
					95,513		95,513	100,828
(From)/To unrestncted			revenue funds		2,450		2,450	15,660
Closing revenue		funds			97,963		97,963	116,400
Fixed asset funds					Designated	Restricted	Total	Last year
					Funds	Funds	Funds	TotslFunds
					2022	2022	2022	2021
					2	2		2
At 1 April						257,103	257,103	272,763
Transfer (to)/from		revenue		funds		(2,450)	(2,450)	(15,660)
At 31 March						254,653	254,053	257,103

Summary of funds				Unrestricted	Unrestricted	Unrestricted		Restricted		Total	Total	Last Year
				ena				Funds		Funds		Total Funds
				Designated		funds
				2022				2022		2022		2021
				0				0			0	2
Revenue accumulated funds				97,963							97,963	116,488
Fixed asset funds								254,653		254,653		257,103
Totslfunds				07,963				254,653		352,616		373,591
The notes attached on pages 18to 35form						an Integral		part ofthese accounts.
Leeds and Moortown Furniture				Store	Limited
Income and Expenditure	Account for				the year ended 31March 2022					as	required	by the
Companies Act 2006
											2022f	2021 2
Income
Income from operations										211,634		227,723
Investment income
Interest receivable											39
Gross Income in the year before exceptional					items					211,673		227,723
Gross income In the year including			exceptional				items			211,673		227,723
Expenditure
Charitable expenditure, excluding		depreciation			snd smorlisslion					227,298		225,136
Depreciation snd smorlisslion											2,450	15,660
Governance costs											2,900	2,680
Realised losses on dispossls	of social investments						which are	programme	related
Total expenditure in the year										232,648		243,476
Net income before tax in the	financial year										(20,975)	(15,753)
Tax on surplus on ordinary activities
Net income after tsx in the financial				year							(20,975)	(15,753)
Retained surplus for the financial				year

				SORP
			Note	Ref		2022	2021
							8
Fixed assets				A
Tangible assets			11	A2		254,653	257,103
Investments held as fixed assets			12	A4		2	2
Total fixed assets						254,655	257,105
Current assets				B
Debtors			14	B2	20,640	17,935
Cash at bank and in hand				B4	98,034	117,724
Total current assets					118,674	135,659
Creditors: amounts		falling due within
one year			15	C1	(20,713)	(19,173)
Net current assets						97,961	116,486
The total net assets		ofthe charity				352,616	373,591
The total net assets		ofthe charity are	funded	by the	funds ofthe	charity, as follows:-
Restricted funds
Restricted Revenue	Funds		20	D2
Restricted Fixed Asset Funds			20	D2		254,653	257,103
Unrestricted Funds
Unrestricted Revenue		Funds	20	D3		97,963	116,488
Total charity funds						352,616	373,591

Net surplus	before tax In the financial year
			2022	2021
			6	6
The net surplus	before tax in the financial year is stated after charging:-
Depreciation of	owned fixed assets		2,450	15,660
Pension costs			2,465	3,405
Donated goods, services and facilities
Current year	Current year	Current year	Current year	Prior Year
	unrestricted	Restricted	Total Funds	Total Funds
	Funds	Funds
	2022	2022	2022	2021
Included in Legacies and Donations:-
Donated goods	and services	36,000	36,000	36,000
		36,000	36,000	36,000

Prior Year		Prior Year	Prior Year	Prier Year
		Unrestricted	Restricted	Total Funds
		Funds	Funds
		2021	2021	2021
Includedin	Legacies and Donations:-
Donated goods and services			36,000	36,000
			36,000	36,000

Staff costs and emoluments
Salary costs				2022	2021
Gross Salaries excluding trustees and key management personnel				137,262	143,290
Employer's National Insurance for all staff				6,552	6,985
Employer's operating costs ofdeffned
contribution pension schemes				2,465	3,405
Total salaries, wages and related costs				146,279	153,680
Numbers offull time employees or hrll time equivalents				2022	2021
The average number oftotal staff employed in the year was
The average number ofpart time staff employed	in the year was
The average number offull time staff employed	in the year was
The estimated full time equivalent number of all	staff employed	in the year was
The estimated equivalent number offull time	staff deployed	In dlffenrnt	activities In	the year wssr-
Engaged on charitable activities
Engaged on management and administration
The estimated full time equivalent number ofall stall employed as above
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.

Current Year	Land and Buildings	Plant 8 Machinery	Total
Cost
At 1 April 2021	359,333	105,138	464,471
At 31 March 2022	359,333	105,138	~471
Depreciation
At 1 April 2021	97,493	109,875	207,368
Charge for the year	7,187	(4,737)	2,450
At 31 March 2022	104,680	105,138	209,818
Net book value
At 31March 2022	254,653		254,653
At 31March 2021	261,840	~4737i	257.1D3

				Investment	Total
				subsidiary
Carrying values of investments
At 1 April 2021
At 31March 2022
Analysis between fair value and historical		cost
Investments as above held at fair value
Analysts of Investmsnt	in subsidiary
			Included at
			historical cost, less	Included at rsir value	Total
			write down
Summary ofother classes of investments		at 31March 2022
Cash orcash equivalents

A summary of the unaudited statements ofthe subsidiary is:-	A summary of the unaudited statements ofthe subsidiary is:-	A summary of the unaudited statements ofthe subsidiary is:-	financial
				2022	2021
				6	5
Assets and Funds
Aggregate Aggregate	amount amounts	ofassets of liabilities		60,411 39,009 )~21, 8
Aggregate	amount	offunds		17,222	17,222
Profit and	Loss
Turnover net ofVAT				179,082	110,540
Expenses	netof VAT			(176,224)	(101,110)
Net profit	for the	year before tex		2,858	9,430
Gm Aid Payment		made to holding	company	(2858)	(6772)
Net profit	for the	year after tax and Gift Aid			2,658

The net profit ofthe	subsidiary	is stated aRer including	is stated aRer including	is stated aRer including	intergroup	company	income ofFnil (2019- Lnil) and intergroup	income ofFnil (2019- Lnil) and intergroup	income ofFnil (2019- Lnil) and intergroup	income ofFnil (2019- Lnil) and intergroup
company expenditure	of254,000(2021 - 227,000)which represents					management	charges received		by this chadty on a
cost recover basis.
Funds retained within charitable
subsidiaries
									2022	2021
									8	f
The funds retained within the		trading	subsidiary	and included	within	the restricted	funds	in
the notes to these accounts are:-									17,222	17,222

14	lyebtors
									2022	2021
									6	5
	Trade debtors								891	701
	Amounts owed by group		undertakings		and undertakings		in which	the charity has a
	participating interest								16,358	13,500
	Prepayrnents and accrued income								3,391	3,734
									20,640	17,935
15	Creditors: amounts		falling due		within one	year			2022	2021
									8
	Trade creditors								1,393	2,618
	Accru ala								18,855	15,727
	Amounts owed to group		undertakings		and undertakings		in which	the charity has a
	participating interest
	Other creditors								459	822
									20,713	19,173
16	Pension commitments
									2022	2021
									6
	Pension commitments	under		defined	benefit/defined	contribution		schemes
	within one year								2,905	2,436
	within two to five years								2,905	2,436
	in aver five years								2,905	2,436
									8,715	7,308
17	Income and Expenditure			account summary					2022	2021
									6	8
	At 1 April 2021								373,591	389,344
	Surplus after tax for the		year						(20,975)	(I5,753)
	At 31March 2022								352,616	373,591

At 31 March 2022	Unrestricted	Designated	Restricted	Total
	funds	funds	funds	Funda
			6
Tangible Fixed Assets			254,653	254,653
Investments at valuation:-
Fixed asset investments	2			2
Current Assets	118,674			118,674
Current Liabilities	(20,713)			(20,713)
	97,963		254,653	352,616
At 1 April 2021	Unrestricted	Designated	Restricted	Total
	funds	funds	funds	Funds
	5	6	f	5
Tangible Fixed Assets			257,103	257,103
Investments at valuation:-
Fixed asset investments	2			2
Current Assets	135,559			135,659
Current Liabilities	(19,173)			(19,173)
	116,488		257,103	373,591

Change in	total fun	ds ove	r the	year as show	n in Note 19,analys	ed by indi	vid	ual funds	ual funds
					Funds brought	Movement	in	Transfers		Funds carried
					forward from	funds in 2022		between		forward to
					2021			funds	in 2022	2023
						Saa Note 21		saa Note 0
						5			6
Unrestricted	end designated		funds:-
Unrestricted	Revenue	Funds			116,458	(20,975)			2,450	97,963
Designated	Fixed Asset Funds
Total unrestricted and designated				funds	116,488	(20,975			2,450	97,963
Restricted	funds:-
Restricted Fixed Asset		Funds			257,103				(2,450)	254,653
Total restricted funds					257,103			~2. 22		225.252
Total charity funds					373,591	20,975				352,616

									Other
							Income	Expenditure	Gains 5	Movement
									Losses	in funds
							2022	2022	2022	2022
							f	f	f
Unrestricted	end		designated		funds:-
Unrestricted	Revenue			Funds			95,693	(116,668)		(20,975)
Restricted funds:-
Services Donated			by Leeds City Council				36,000	(36,000)
Salaries Funds							79,980	(79,980)
							211,673	(232,648)		(20,975)
The purposes		for		which the funds as
Unrestricted	and		designated		funds:-
						These funds	are held for the meeting the objectives ofthe charity, and				to
Unrestricted	Revenue			Funds		provide reserves for future activities, and, subject to charity legislation,					are
						free from all	restrictions on their use.
Designated	Fixed		Asset Funds			The purpose 'Accounting	ofthese funds is described under the accounting for capital grants and fixed asset funds'.			policy

Thi	s analysis is classslfled	s analysis is classslfled	by conventional nomi	by conventional nomi	nal descriptions	and not by a	ctivity.
24	Donations, Grants and		Legacies
					Current year	Current year	Current year	Prior Year
					Unrestricted	Restricted	Total Funds	TetslFunds
					Funds	Funds
					2022	2022	2022	2021
							6	8
	Donations and gifts from		individuals
	Small donations	individually	less than	81000	2,174		2,174	1,839
	Furniture Donations				6,392		6,392	3,238
	Total donations individuals	and gifts	from		8,566		8,566	5,077
	All the donations	and gina in the prior		year were unrestricted.
					Current year	Current year	Current year	Prior Year
					Unrestricted	Restricted	Total Funds	Total Funds
					Funds	Funds
					2022	2022	2022	2021
	Revenue grants	from government		and
	public bodies
	Leeds City Council Waste		Recycling	Credits	9,495		a,495	5,101
	Government Covid Job Retention			Grant				66,581
	Leeds City Council Housing and Social Services					79,980	79,980	79,980
	Total public sector revenue grants				a,4aa	79,980	89,475	151,662
	Revenue grants	from government		and public bodies - Prior Year analysis
					Prior Year	Prior Year	Prior Year
					Unrestricted Funds	Restricted Funds	Total Funds
					2021	2021	2021
	Prior Year				5,101	146,561	151,662

All the donations and gifts in the prior year were	unrestricted.
	Current year	Current year	Current year	Prior Year
	Unrestricted	Restricted	TctalFunds	TotslFunds
	Funds	Funds
	2022	2022	2022	2021
Donated goods and services
Leeds City Council Van Hire		36,000	36,000	36,000
Total donated goods and services		36,000	36,000	36,000

Prior Yssr	Prior Year	Prior Year
Unmstrictsd Funds	Restricted Funds	TotalFunds
2021	2021	2021
	36,000	36,000

	Current year	Current year	Current year	Prior Year
	Unrestricted	Restricted	Total Funds	Total Funds
	Funds	Funds
	2022	2022	2022	2021
Gift Aid from Subsldary
Gilt Aid from Subsidary	9,630		9,630
Total Gift Aid from Subsidary	9,630		9,630

Current year		Current year	Current	Current yssr	Prior Yssr
		Unrestricted	Restricted	TotslFunds	Total funds
		Funds	Funds
		2022	2022	2022	2021
Primary purpose	and ancillary trading
Sale ofgoods and services in accordance with the charity's objects		8,219		8,219	3,649
Managsrssnt fees and charges received		54,000		54,000	27,000
Other Charitable	Activities	5,744		5,744	4,335
Total Primary purpose and ancillary trading		67,963		67,963	34,984
A0 the income in	the prior year wasunrestricted.

				Current yssr	Current year	Current year	Prior Year
Current year				Unrestricted Funds	Restricted Funds	Total Funds	TotslFunds
				2022	2022	2022	2021
				0		0	0
Total income from chadtable		trading		67,963		67,963	34,984
Total from charitable	activities		A2	67,963		67,963	34,984

				Current year	Current year	Current	year	Prior Year
				Unrestricted	Restricted	Total Funds		Total Funds
				Funds	Funds
				2022	2022	2022		2021
				0	0	6		2
Bank	Interest Receivable			39			39
Total	investment	income	A4	39			39

28	Expenditure on charitable	Expenditure on charitable	Expenditure on charitable	activities - Direct spending	activities - Direct spending	activities - Direct spending	activities - Direct spending
							Cunent year	Current year	Current year	Prior Year
							Unrestricted	Restricte	Total Funds	TotaiFunds
	Current Year						Funds	Funds
							2022	2022	2022	2021
									6
	Gross wages and salaries- charitable activities						57,282	79,980	137,262	143,290
	Employers' Nl - Charitable			activities			6,552		6,552	8,985
	Defined contribution chaditable activities	pension costs-					2,465		2,465	3,405
	Travel and Subsistence		- Charitable
	Activities
	GiRs in kind, donated	services and
	facilities (contra with	income from			the			36,000	36,000	36,000
	same sources)
	Total direct spending				B2a		66,299	115,980	182,279	189,685
							Prior Year	Prior Year	Pnor Year
							Unrestricted	Restricted	TotaiFunds
	Prior Year						Funds	Funds
							2021	2021	2021
							6	t	6
	Gross wages and salaries- charitable activities						7,124	146,561	143,290
	Gifts in kind, donated	services and
	facilities (contra with	income from			the			36,000	36,000
	same sources)
	Total direct spending				B2a		7,124	182,561	189,685
29	Expenditure on charitable			artivities		-Charitable	trading
							Current year	Current year	Current year
							Unrestricted	Restricted	TotaIFunds	TotaiFunds
	Current Year						Funds	Funds
							2022	2022	2022	2021
	Cost for primary purpose trading- Vehicle costs						10,199		10,199	8,466
	Total charitable trading		costs		B2b		10,199		10,199	8,456

Support costs for charitable	Support costs for charitable	activities	activities
			Unrestricted			Reatrietad		Total Funds		Total Funds
Current Year				Funds			Funds
				2e22			2022	2022		2021
				6			8	8		8
Employee costs not included			in dimct costs
Training and welfare - staff				1,395				1,395		952
Travel and subsistence -staff
Protective clothing costs					192				192		239
Volunteer costs
Training and welfare - volunteers				7,330				7,330		2,724
Premises Expenses
Rates and water charges				4,149				4,149		3,572
I ight heat and power				1,154				1,154		1,203
Cleaning and waste management				2,324				2,324		1,175
Premises repairs, renewals maintenance	and				176				176		609
Alarm and security costs				2,328				2,328			736
Property and Commercial insurance				5,903				5,903		5,940
Site charges				2,869				2,869		3,135
Administrative overheads
Telephone, fax and internet					926				926	1,071
Postage, Stationery and Printing					648				648		235
Membership subscriptions					300				300		25
Equipment expenses											159
Software licences and expenses				2,653				2,653		2,244
Advertising and marketing											300
Sundry expenses					971				971	1,200
Professional fees paid to	the Auditor or Independent			Examiner		in	addition	to audit	and
examination fees
As detailed in Note 31					564				564		799
Professional fees paid to	advisors other than the auditor				orexaminer
Accountancy fees other than examination or audit fees									725		500
Legal fees
Other legal and professional					35				35		35
HR consultancy
Financial costs
Bank charges					178				178		132
Depreciation 8 Amortisation		in total		2,450				2,450		15,660
Support costs before reallocation				37,270				37,270		42,645
Total support costs - Current			Year	37,270				37,270		42,645

				Cunuut year	Current yusr	Current year	Prior Year
				Unrestricted	Restricted	Total Funds	Total Funds
Current	Year			Funds	Funds
				2022	2022	2022	2021
				E	E	E
Independent Examiner's fees				1,975		1,975	1,900
Trustees'	indemnity		insurance	925		925	780
Total Governance		costs		2,900		2,900	2,680

Prof'essionai fees paid to t examination fees	he Auditor or	Independent Examiner	In addition	to audit	and
		Current year	Current year	Cunuut	year	Prior Year
		Unrestricted	Restricted	Total Funds		Total Funds
		Funds	Funds
		2022	2022	2022		2021
				E		E
Payroll fess		564			564	799
Total additional fees included support costs at itote 30	in	564			564	Taa

Total Charitable	expenditure
			Current year	Current year	Current yeer	Prior Year
			Unrestricted	Restricted	Total Funds	Tctctyunds
Current Year			Funds	Funds
			2022	2022	2022	2021
			E	E	E	E
Total direct spending		B2a	66,299	115,980	182,279	189,685
Total charitable	trading costs	B2b	10,199		10,199	8,466
Total support costs		B2&I	37,270		37,270	42,645
Total Governance costs		B2e	2,900		2,900	2,680
Total charitable	expenditure	B2	116,668	115,980	232,648	243,476

Total	Charitable	expenditure	(continued)
				Prior Year	Prior Year	Prior Year
				unrestricted	Restricted	TotalFunds
Prior	Year			Funds	Funds
				2021	2021	2021
Total	direct spending		82a	7,124	182,561	189,685
Total	charitable	trading costs	82b	8,466		8,466
Total	support costs		82&I	42,645		42,645
Total	Governance costs		82e	2,680		2,680
Total	charitable	expenditure	82	60.915	182,561	243,476