2025-03-31-accounts

Company Registration Number - 03285971

The Charity Registration Number is :- 1061705

Leeds and Moortown Furniture Store Limited

Report and Accounts

31 March 2025

Leeds and Moortown Furniture Store Limited

Report and accounts for the year ended 31 March 2025

Contents

	Page
Charity information		1
Trustees' Annual Report		1
Statement of directors' responsibilities		12
Independent Examiner's Report		14
Funds Statements:-
Statement of Financial Activities		16
Statement of Financial Activities - Prior Year statement		17
Movements in funds		18
Revenue Funds		18
Fixed Asset funds		18
Income and Expenditure account		19
Summary of funds		19
Balance sheet		20
Notes to the accounts		21

Leeds and Moortown Furniture Store Limited

Company Registration Number - 03285971

Trustees' Annual Report for the year ended 31 March 2025

The Trustees present their Report and Accounts for the year ended 31 March 2025, 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.

After reading John Sherbourne’s previous report for the year ending 31st March 2024, it’s hard to imagine going through a more challenging and difficult period for LMFS. However, we somehow managed it!

Our new financial year began with some significant changes at trustee level. Our Chair of Trustees, John Sherbourne, informed us that he wished to step down from the role due to ill health once we had recruited more trustees. John had worked tirelessly over the last 20 years for the charity. Around the same time, our long-standing trustee and former General Manager, Terry Kelly, also decided to step away after many years of dedicated service.

To strengthen our board, I attended a member’s meeting at Moortown Baptist Church, the church from which the charity was born, to appeal for new trustees. We were fortunate that Nick Taylor, Mike Stoodley, Steve Olijinyk and Rod Russell all agreed to join, on the understanding that we would change our structure to become a Charitable Incorporated Organisation (CIO).

A major development for the charity was the decision to sell our current premises, which we owned outright, to provide much-needed funding. While the sale was being arranged, some trustees kindly provided interest-free loans to ensure staff wages were paid.

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Leeds and Moortown Furniture Store Limited

Company Registration Number - 03285971

Trustees' Annual Report for the year ended 31 March 2025

Here is a timeline of key events:

May 2024 – We were initially advised that the warehouse sale would complete by September, giving us six months to relocate. Our then-General Manager (GM) identified a potential warehouse nearby which we could lease.

July 2024 – On the GM’s recommendation, we considered closing our trading arm (set up to supplement reduced council funding). After further consultation with our accountant, we decided to keep it running to allow additional revenue to the charity. Around this time, I agreed to step in as Chair of Trustees so John could step down.

August 2024 – One of the staff members was dismissed by the GM in a way that later required reinstatement following an appeal. This was a difficult period for all involved and led to the trustees questioning whether the GM was best suited to the role.

August 2024 – The GM raised concerns about the charity’s long-term viability and indicated he might step down. This prompted the trustees to consider leadership succession and begin interviewing candidates.

October 2024 – During this period, some challenges emerged with the sale timeline of the premises, which created additional financial pressures. To safeguard the charity, we had to seek a new buyer and explore bridging finance. Thankfully, within a week, a new buyer was found, enabling the sale to complete by year-end and effectively securing LMFS’s future – an answer to prayer!

November–December 2024 – Trustees once again provided interest-free loans to keep the charity running. Meanwhile, the proposed lease on the initial new warehouse fell through due to timing delays. Alternative relocation options were explored, though not all were suitable. One was found on the same industrial unit as the current warehouse. It was slightly smaller but was modern and reasonably priced. All trustees agreed to leasing this unit for 10 years (with a 5-year break option).

January 2025 – After much consideration, trustees concluded that the GM role had become too demanding under the circumstances and informed him that it was in everyone’s best interests that we part company. Around the same time, we reopened discussions with Rachel Dodson – an experienced and proven leader within the charitable sector, who expressed interest in stepping into the role.

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Leeds and Moortown Furniture Store Limited

Company Registration Number - 03285971

Trustees' Annual Report for the year ended 31 March 2025

February–March 2025 – With new premises secured, preparations for relocation began. This was a significant undertaking, and although we faced challenges with limited staffing (some who actually refused to assist in any way instead choosing to get signed off sick by their GPs), the wider community rallied around us. Volunteers, a dedicated employee of the charity – Jodie, trustees and church members pulled together to ensure everything was moved on time.

April 2025 – Rachel officially joined as our new GM, bringing fresh energy, stability and a ‘much needed’ fresh start to the charity. We also promoted our Office Manager – Jodie Walker, in recognition of her excellent employment history and carrying out a vital role during the transition.

Today, LMFS is in a much stronger position. We’ve weathered a period of extraordinary challenges but now have stability, healthier reserves and a clearer structure.

Rachel is doing an excellent job. She has undertaken a root and branch review of operational costs' which has provided us with a fresh start and while funding pressures from Leeds City Council remain, we’re confident that new contracts – such as Sofa Bed orders – will help us remain sustainable for years to come.

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.

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Leeds and Moortown Furniture Store Limited

Company Registration Number - 03285971

Trustees' Annual Report for the year ended 31 March 2025

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

Unit F

Seacroft Industrial & Trade Park, Coal Road Leeds, West Yorkshire, LS14 2AQ Telephone [phone] Email: [e-mail] Website: www.leedsandmoortown.org.uk

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:-

G Davies N Taylor M Stoodley S Olijnyk I Russell

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:

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.

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.

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Leeds and Moortown Furniture Store Limited

Company Registration Number - 03285971

Trustees' Annual Report for the year ended 31 March 2025

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

Although, for L&MFS, 2024/25 proved to be a challenging year it continued to fulfil its prime objective of meeting all of its orders by delivering furniture and white goods. This was achieved partly by requiring those who donated furniture to make a voluntary financial donation to help cover the charity’s travel costs. Then, and solely in response to requests from bona fide support agencies (who took on responsibilities for making sure that L&MFS received a £10 delivery charge) items considered serviceable were delivered to individuals and/or families who they (the agencies) believed 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 the 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:

-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.

-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.

-To provide training and support to volunteers.

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

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Leeds and Moortown Furniture Store Limited

Company Registration Number - 03285971

Trustees' Annual Report for the year ended 31 March 2025

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

Since its inception the charity’s strategy has remained 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, the premises and the transport necessary for the work to continue.

Although the support it receives from the charity’s retail subsidiary, LMFS Trading Ltd, is nowhere near what it has been in the past (LMFS Trading Ltd is part owned by the charity itself and part by Moortown Baptist Church), the management and trustees of the Leeds and Moortown Furniture Store continue to be grateful to the directors of LMFS Trading Ltd for allowing the previously agreed management charge holiday to continue.

Worth noting that the charity now has a large sum of money as a result of the sale of its warehouse. It’s inevitable that this money will need to be used in order to support the running of the charity but Rachel, the General Manager, and the Trustees are focused on seeking new funding opportunities such as ‘sofa bed and white goods orders’ from Leeds City Council.

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.

As previously explained, the 2024 / 25 year was one of significant change for the charity.

We parted company with our previous GM, we sold our previous warehouse, we leased a new warehouse, we recruited a new, experienced and competent GM and recruited new trustees and employees.

This wasn’t easy to do however, it was absolutely necessary in order to secure the survival of the charity. There were occasions when the previous GM, Trustees and certain employees who openly discussed wanting to close the charity down. There are of course head winds coming the charities way but we have the best possible chance of succeeding and continuing the charity for many years to come.

Fundraising activities during the year.

Due to the significant changes throughout the year, there weren’t any fundraising events worthy of mentioning.

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Leeds and Moortown Furniture Store Limited

Company Registration Number - 03285971

Trustees' Annual Report for the year ended 31 March 2025

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 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 remains for it to be an independent body which through the provision of donated furniture to needy individuals and families in and around the city of Leeds makes life more tolerable. This is achieved by collecting as much donated furniture and domestic goods as possible. Where necessary these are repaired and then delivered to people identified to us as having a genuine need.

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. *

*Before delivery each recipient is asked to pay a £10 delivery charge, this is always pointed out to the referral agency and is primarily to ensure someone is present at their client’s property when the L&MFS van arrives.

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. *

*In late March 2024 and following an appeal at a Moortown Baptist Church meeting (MBC is where L&MFS was founded in 1986) three people stepped forward – two to serve as trustees, the other to give guidance and advice when necessary.

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Leeds and Moortown Furniture Store Limited

Company Registration Number - 03285971

Trustees' Annual Report for the year ended 31 March 2025

The policies and procedures for the induction and training of trustees.

Prior to being elected, nominees are invited to visit the Store to meet the staff and volunteers and to attend a trustees’ meeting.

Should they be considered suitable to 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.

All trustees are volunteers who meet approximately every four weeks – alternating between virtual and face to face meetings. The trustees have overall control and responsibility for policy and major decision making. All are directors and Trustees.

From March 2024 until Jan 2025, the charity was managed by General Manager Chris Hutt. From Jan 2025 until April 2025, the charity was temporarily managed by Chair of Trustees Gareth Davies. In April 2025, the new General Manager Rachel Dodson joined and has been managing the charity ever since – and is doing an excellent job.

In addition, the charity has a newly promoted Office Manager – Jodie Walker who worked tirelessly throughout the many storms the charity has been through in recent years.

There were also two paid drivers and three volunteers.

The person to whom day to day management is delegated

As discussed, From March 2024 until Jan 2025, the charity was managed by General Manager Chris Hutt. From Jan 2025 until April 2025, the charity was temporarily managed by Chair of Trustees Gareth Davies. In April 2025, the new General Manager Rachel Dodson joined.

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 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 Solicitors

Virgin Money plc, Waver Green, Pudsey, Leeds, LS28 7BG Gordons LLP, Riverside West, Whitehall Road, Leeds LS1 4AW

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Leeds and Moortown Furniture Store Limited

Company Registration Number - 03285971

Trustees' Annual Report for the year ended 31 March 2025

Financial review

The charity's financial position at the end of the year ended 31 March 2025

The financial position of the charity at 31 March 2025 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Restricted Fixed Asset Funds Total Funds Unrestricted Revenue Funds available for the general purposes of the charity Net income	2025 £ 373,094 604,598 - 604,598	2024 £ (81,760) (11,475) 240,279 228,804

Financial review of the position at the reporting date, 31 March 2025 .

Similar to the year 2024 / 25, everyone within the charity knew about the challenges ahead and were under no illusion that their roles / jobs could be at risk unless there was an injection of money.

The most challenging part of 2024/25 was that the grant received from Leeds City Council was nowhere near enough to cover all costs – hence the need to sell the warehouse.

However, prior to the sale of the warehouse going through, we were relying on trustee private loans and also an order that the council made for sofa beds. We hope that the 2025/26 year ahead will be far easier financially given the cash reserves and the recent headway it’s made with additional new business orders.

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Leeds and Moortown Furniture Store Limited

Company Registration Number - 03285971

Trustees' Annual Report for the year ended 31 March 2025

Policies on reserves.

As always it remains the Charity’s policy 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. That aim, as stated elsewhere in this report, is why amongst other planned changes downsizing the charity’s base and investing a percentage of the revenue this generates will give L&MFS the level of financial stability it requires.

Inevitably, when complete, such a move will provide L&MFS with a reserve which far outstrips the minimum of six months’ spending it has previously tried to maintain.

Availability and adequacy of assets of each of the funds

Alongside the General Manager, the trustees are working to ensure that the charity's assets in each fund are both available and adequate to fulfil its obligations. In respect of each it is hoped that the fund plan for 2025 and 2026 (set out above) will see this reserve meet the desired value.

Investment policy and investment objectives.

All of the money received for the sale of the warehouse has been held in a deposit account with the CCLA. It is the intention of the charity to invest a quarter of this money in global equities. Nothing has been agreed to as yet.

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

Our biggest challenge of running the charity is replacing the shortfall in the funding grant with additional business revenue. If we rely too much on the warehouse sale money then it only be a matter of a couple of years before the ‘pot runs dry’.

A genuine concern of the charity is the further reductions or a total withdrawal of financial and/or contra support from Leeds City Council.

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, delivery charges, gift aid and ad-hoc donations from a small number of individuals.

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Leeds and Moortown Furniture Store Limited

Company Registration Number - 03285971

Trustees' Annual Report for the year ended 31 March 2025

Plans For the Future

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

2024/25 was a year of change and transition for the charity.

As previously mentioned the optimism we initially felt with the incoming General Manager was short lived. It was a difficult decision to remove him and replace him with someone the trustees felt was more competent.

Fortunately, we (the trustees) made the correct decision. The charity now is almost unrecognisable.

-We have a modern warehouse with a clean, fresh working environment.

-All employee contracts have been amended and are legally watertight

-Our volunteers now adhere to the correct expenses policy. In addition, new volunteers have joined

-We are generating over a £1K per month from ebay sales alone

-We are generating over a £1K per month from interest on the warehouse sale alone

-We’ve gone through a cost cutting exercise and are now financially leaner than ever

-We feel we have an excellent relationship with our main point of contact at Leeds City Council

-We are generating new business revenue from orders through Leeds City Council via LMS Trading Ltd -We have recruited new drivers into the charity – some much-needed fresh blood and the previous employees who seemed to be working against the charity have now left or are in no doubt that the old ‘tail that wags the dog’ way of working is no more. The future of the charity comes before everything (and everyone) else.

-The future with our new General Manager – Rachel Dodson – in charge, looks very bright. -There is now one team at the charity. Previously it was felt that there were two parts to the charity – the Warehouse team and the Office team – a ‘them and us’ situation which didn’t lead to a collaborative working culture. Fortunately, it certainly seems that the charity is working as one.

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

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Leeds and Moortown Furniture Store Limited

Company Registration Number - 03285971

Trustees' Annual Report for the year ended 31 March 2025

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.

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Leeds and Moortown Furniture Store Limited

Company Registration Number - 03285971

Trustees' Annual Report for the year ended 31 March 2025

Method of preparation of accounts - Small company provisions

The financial statements are set out on pages 16 to 38.

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 1 December 2025.

G Davies Director and Trustee

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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 2025

I report to the Trustees on my examination of the financial statements of the charitable company on pages 16 to 38 for the year ended 31 March 2025 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 21.

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

As described on page 12, 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.

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

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Leeds and Moortown Furniture Store Limited

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 1 December 2025

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Leeds and Moortown Furniture Store Limited - Statement of Financial Activities for the year ended 31 March 2025

Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 March 2025, as required by the Companies Act 2006)

Current year Unrestricted Funds 2025 £ Income & Endowments from: Donations & Legacies A1 12,604 Charitable activities A2 64,405 Other trading activities A3 - Investments A4 2,446 Total income A 79,455 Expenditure on: Charitable activities B2 (293,639) Total expenditure B (293,639) Net income for the year 373,094 Transfers between funds C 242,979 Net income after transfers A-B-C 616,073 616,073 Reconciliation of funds:- E Total funds brought forward (11,475) Total funds carried forward 604,598 SORP Ref Net movement in funds	Current year Restricted Funds 2025 £ 102,639 - - - 102,639 102,639 102,639 - (242,979) (242,979) (242,979) 242,979 -	Current year Total Funds 2025 £ 115,243 64,405 - 2,446 182,094 (191,000) (191,000) 373,094 - 373,094 373,094 231,504 604,598	Prior Year Total Funds 2024 £ 122,504 45,543 - 2,346 170,393 252,153 252,153 (81,760) - (81,760) (81,760) 313,264 231,504

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 21 to 38 form an integral part of these accounts.

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Leeds and Moortown Furniture Store Limited - Statement of Financial Activities for the year ended 31 March 2025

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

Income & Endowments from: Donations & Legacies A1 Charitable activities A2 Investments A4 Total income A Expenditure on: Raising funds B1 Charitable activities B2 Total expenditure B B4 Net income for the year Transfers between funds C Net income after transfers Reconciliation of funds:- E Total funds brought forward Total funds carried forward SORP Ref Net movement in funds Net gains on investments	Prior Year Unrestricted Funds 2024 £ 14,522 45,543 2,346 62,411 - 144,171 144,171 - (81,760) 7,187 (74,573) (74,573) 97,963 23,390	Prior Year Restricted Funds 2024 £ 107,644 - - 107,644 - 107,982 107,982 - (338) (7,187) (7,525) (7,525) 254,653 247,128	Prior Year Total Funds 2024 £ 122,504 45,543 2,346 170,393 - 252,153 252,153 - (81,760) - (81,760) (81,760) 313,264 231,504

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 21 to 38 form an integral part of these accounts.

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Leeds and Moortown Furniture Store Limited - Statement of Financial Activities for the year ended 31 March 2025

Leeds and Moortown Furniture Store Limited - Resources applied in the year ended 31 March 2025 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA Resources applied on functional fixed assets Other applications of funds Net resources available to fund charitable activities	2025 £ 373,094 - - 373,094	2024 £ (81,760) - - (81,760)

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 2025

Revenue accumulated funds

Accumulated funds brought forward (From)/To unrestricted revenue funds Closing revenue funds Fixed asset funds At 1 April Transfer (to)/from revenue funds At 31 March Recognised gains and losses before transfers	Unrestricted Funds 2025 £ (11,475) 373,094 361,619 - 361,619 Designated Funds 2025 £ - - -	Restricted Funds 2025 £ - - - 242,979 242,979 Restricted Funds 2025 £ 242,979 (242,979) -	Total Funds 2025 £ (11,475) 373,094 361,619 242,979 604,598 Total Funds 2025 £ 242,979 (242,979) -	Last year Total Funds 2024 £ 116,488 (81,760) 34,728 7,187 41,915 Last year Total Funds 2024 £ 257,103 (7,187) 249,916

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 21 to 38 form an integral part of these accounts.

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Leeds and Moortown Furniture Store Limited - Statement of Financial Activities for the year ended 31 March 2025

Summary of funds Unrestricted and Designated funds 2025 £ Revenue accumulated funds 361,619 Fixed asset funds - Total funds 361,619	Restricted Funds 2025 £ 242,979 - 242,979	Total Funds 2025 £ 604,598 - 604,598	Last Year Total Funds 2024 £ 41,915 249,916 291,831

The notes attached on pages 21 to 38 form an integral part of these accounts.

Leeds and Moortown Furniture Store Limited Income and Expenditure Account for the year ended 31 March 2025 as required by the Companies Act 2006

Income Income from operations Interest receivable Gross income in the year before exceptional items Gross income in the year including exceptional items Expenditure Charitable expenditure, excluding depreciation and amortisation Depreciation and amortisation and profit on sale of fixed assets Governance costs Total expenditure in the year Tax on surplus on ordinary activities Retained surplus for the financial year All activities derive from continuing operations Net income after tax in the financial year Net income before tax in the financial year Investment income	2025 £ 179,648 2,446 182,094 182,094 210,440 (405,615) 4,175 (191,000) 373,094 - 373,094 373,094	2024 £ 168,047 2,346 170,393 170,393 241,826 7,187 3,140 252,153 (81,760) - (81,760) (81,760)

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 21 to 38 form an integral part of these accounts.

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Leeds and Moortown Furniture Store Limited - Balance Sheet as at 31 March 2025

Note SORP Ref Fixed assets A Tangible assets 11 A2 Investments held as fixed assets 12 A4 Total fixed assets Current assets B Debtors 14 B2 Investments held as current assets B3 Cash at bank and in hand B4 Total current assets Creditors: amounts falling due within one year 15 C1 Net current assets Restricted funds Restricted Revenue Funds 20 D2 Restricted Fixed Asset Funds 20 D2 Unrestricted Funds Unrestricted Revenue Funds 20 D3 Total charity funds The total net assets of the charity are funded by the The total net assets of the charity

2025 2024 £ £ 3,972 240,279 2 2 3,974 240,281 52,061 13,137 400,000 - 153,245 2,798 605,306 15,935 (4,682) (24,712) 600,624 (8,777) 604,598 231,504 - 2,700 - 240,279 604,598 (11,475) 604,598 231,504 funds of the charity, as follows:-

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 15.

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.

N Taylor Trustee

Approved by the board of trustees on 1 December 2025

The notes attached on pages 21 to 38 form an integral part of these accounts.

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Leeds and Moortown Furniture Store Limited

Notes to the Accounts for the year ended 31 March 2025

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.

21

Leeds and Moortown Furniture Store Limited

Notes to the Accounts for the year ended 31 March 2025

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.

22

Leeds and Moortown Furniture Store Limited

Notes to the Accounts for the year ended 31 March 2025

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.

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Leeds and Moortown Furniture Store Limited

Notes to the Accounts for the year ended 31 March 2025

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 Going Concern and 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

Net surplus before tax in the financial year
	2025	2024
	£	£
The net deficit before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets	-	7,187
Profit on sale of property	(405,615)	-
Pension costs	2,044	2,262

Net surplus before tax in the financial year	Net surplus before tax in the financial year
The net deficit before tax in the financial year is stated after charging:- Depreciation of owned fixed assets Profit on sale of property Pension costs		2025 £ - (405,615) 2,044	2024 £ 7,187 - 2,262
Donated goods, services and facilities Current year Included in Legacies and Donations:- Donated goods and services	Current year Current year Unrestricted Funds Restricted Funds 2025 2025 £ £ - 36,000 - 36,000	Current year Total Funds 2025 £ 36,000 36,000	Prior Year Total Funds 2024 £ 36,000 36,000

6 Donated goods, services and facilities

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Leeds and Moortown Furniture Store Limited

Notes to the Accounts for the year ended 31 March 2025

Donated goods, services and facilities (Continued)

Prior Year Included in Legacies and Donations:- Donated goods and services	Prior Year Prior Year Unrestricted Funds Restricted Funds 2024 2024 £ £ - 36,000 - 36,000	Prior Year Total Funds 2024 £ 36,000 36,000

The Gifts in Kind relate to motor vehicles supplied by Leeds City Council.

7 The contribution of volunteers

The Charity currently has a governing board of three Trustees all of whom are volunteers. It utilises the services of a small number of regular volunteers who carry out collection and delivery of furniture and general warehouse duties.

8 Staff costs and emoluments

Salary costs 2025 £ Gross Salaries excluding trustees and key management personnel 111,959 Employer's National Insurance for all staff 5,386 Employer's operating costs of defined contribution pension schemes 2,044 Total salaries, wages and related costs 119,389 Numbers of full time employees or full time equivalents 2025 The average number of total staff employed in the year was 5 The average number of part time staff employed in the year was 2 The average number of full time staff employed in the year was 5 The estimated full time equivalent number of all staff employed in the year was 5 The estimated equivalent number of full time staff deployed in different activities in the year was:- Engaged on charitable activities 3 Engaged on management and administration 2 The estimated full time equivalent number of all staff employed as above 5

2024 £ 131,096 5,258 2,262 138,616 2024 7 3 4 6 4 2 6

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.

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Leeds and Moortown Furniture Store Limited

Notes to the Accounts for the year ended 31 March 2025

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 3% from April 2019 and thereafter.

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 Cost At 1 April 2024 Additions Disposals At 31 March 2025 Depreciation At 1 April 2024 Charge for the year On disposals At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024	Land and Buildings £ 359,333 3,972 (359,333) 3,972 119,054 - (119,054) - 3,972 240,279	Plant & Machinery £ 105,138 - - 105,138 105,138 - - 105,138 - -	Total £ 464,471 3,972 (359,333) 109,110 224,192 - (119,054) 105,138 3,972 240,279

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Leeds and Moortown Furniture Store Limited

Notes to the Accounts for the year ended 31 March 2025

12 Investments held as fixed assets

Carrying values of investments At 1 April 2024 At 31 March 2025 Analysis between fair value and historical cost Investments as above held at fair value Analysis of Investment in subsidiary Summary of other classes of investments at 31 March 2025 Cash or cash equivalents	Included at historical cost, less write down £ 2	£ 2 2 2 Included at fair value £ - Investment in subsidiary	Total £ 2 2 2 Total £ 2

27

Leeds and Moortown Furniture Store Limited

Notes to the Accounts for the year ended 31 March 2025 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 :-

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Assets and Funds| |Aggregate amount of assets|55,266|28,651| |Aggregate amounts of liabilities|(36,419)|(11,020)| |Aggregate amount of funds|18,847|17,631| |Profit and Loss| |Turnover net of VAT|131,208|120,639| |Expenses net of VAT|(130,151)|(121,703)| |Income from investments|408|836| |Net profit for the year before tax|1,465|(228)| |-|-| |Gift Aid Payments made to holding company| |Net profit for the year after tax and Gift Aid|1,465|(228)|

----- End of picture text -----

The net profit of the subsidiary is stated after including intergroup company income of £nil (2024 - £nil) and intergroup company expenditure of £54,000 (2024 - £32,250) 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:-

----- Start of picture text -----
||| |---|---| |2025|2024| |£|£| |18,847|17,631|

----- End of picture text -----

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

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Leeds and Moortown Furniture Store Limited

Notes to the Accounts for the year ended 31 March 2025

14 Debtors

Trade debtors Prepayments and accrued income 15 Creditors: amounts falling due within one year Trade creditors Accruals PAYE, NIC VAT and other taxes Other creditors 16 Pension commitments Pension commitments under defined benefit/defined contribution schemes within one year within two to five years in over five years 17 Income and Expenditure account summary At 1 April 2024 Surplus / (Deficit) after tax for the year At 31 March 2025 Amounts owed to group undertakings and undertakings in which the charity has a participating interest Amounts owed by group undertakings and undertakings in which the charity has a participating interest	2025 £ 654 26,361 21,428 52,061 2025 £ 317 3,461 6 785 113 4,682 2025 £ 2,262 2,262 2,262 6,786 2025 £ 231,504 373,094 604,598	2024 £ 2,823 2,861 7,453 13,137 2024 £ 128 21,915 6 2,236 427 24,712 2024 £ 2,210 2,210 2,210 6,630 2024 £ 313,264 (81,760) 231,504

18 No related party transactions

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

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Leeds and Moortown Furniture Store Limited

Notes to the Accounts for the year ended 31 March 2025

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

At 31 March 2025 Tangible Fixed Assets Investments at valuation:- Fixed asset investments Current Assets Current Liabilities At 1 April 2024 Tangible Fixed Assets Investments at valuation:- Fixed asset investments Current Assets Current Liabilities	Unrestricted Designated funds funds £ £ - - 2 - 605,306 (4,682) - 600,626 - Unrestricted Designated funds funds £ £ - 2 - 15,935 - (24,712) - (8,775) -	Restricted funds £ 3,972 - - - 3,972 Restricted funds £ 240,279 - - - 240,279	Total Funds £ 3,972 2 605,306 (4,682) 604,598 Total Funds £ 240,279 2 15,935 (24,712) 231,504

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

Unrestricted and designated funds:- Unrestricted Revenue Funds Designated Fixed Asset Funds Total unrestricted and designated funds Restricted funds:- Restricted Fixed Asset Funds Total restricted funds Total charity funds	Funds brought forward from 2024 Movement in funds in 2025 See Note 21 £ £ (11,475) 373,094 - - (11,475) 373,094 240,279 - 240,279 - 228,804 373,094	Transfers between funds in 2025 £ 240,279 - 240,279 (240,279) (240,279) -	Funds carried forward to 2026 £ 601,898 - 601,898 - - 601,898

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

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Leeds and Moortown Furniture Store Limited

Notes to the Accounts for the year ended 31 March 2025

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

Unrestricted and designated funds:- Unrestricted Revenue Funds Restricted funds:- Services Donated by Leeds City Council Salaries Funds Restricted Revenue Fund	Income Expenditure 2025 2025 £ £ 79,455 293,639 36,000 (36,000) 66,639 (66,639) - - 182,094 191,000	Other Gains & Losses 2025 £ - - - - -	Movement in funds 2025 £ 373,094 - - - 373,094

22 The purposes for which the funds

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 direct charitable purposes, including direct salaries, have been applied to Housing and Social Services those purposes.

23 Financial commitments under operating leases

Financial commitments under operating leases
	2025	2024
At the year end the charity had annual commitments under non-cancellable
operating leases as set out below:	£	£
within one year	41,130		-
within two to five years	219,360		-
in over five years	274,200		-

During the year (27 March 2025) the company entered a 10 year premise operating lease with a 5 year break clause. The lease allows for 3month rent free period in the first period to 27 June 2025, leaving 6 months rent 28 June to 27 December of £27,420. The full annual rent is set at £54,840 commencing 28 December 2025.

24 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.

31

Leeds and Moortown Furniture Store Limited

Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015

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

24 Donations, Grants and Legacies

Current year Unrestricted Funds 2025 £ Donations and gifts from individuals 4,344 2,647 1,854 - 8,845 All the donations and gifts in the prior year were unrestricted. Current year Unrestricted Funds 2025 £ 3,759 - 3,759 Revenue grants from government and public bodies - Prior Year analysis Prior Year Unrestricted Funds 2024 £ Prior Year 7,901 All the donations and gifts in the prior year were unrestricted. Current year Unrestricted Funds 2025 £ Donated goods and services - - Leeds City Council Van Hire Total public sector revenue grants Total donated goods and services Sir George Martin grant Leeds City Council Waste Recycling Credits Total donations and gifts from individuals Revenue grants from government and public bodies Small donations individually less than £1000 Furniture Donations Moortown Baptist Church Leeds City Council Housing and Social Services	Current year Restricted Funds 2025 £ - - - - Current year Restricted Funds 2025 £ - 66,639 66,639 Prior Year Restricted Funds 2024 £ 71,644 Current year Restricted Funds 2025 £ 36,000 36,000	Current year Total Funds 2025 £ 4,344 2,647 1,854 - 8,845 Current year Total Funds 2025 £ 3,759 66,639 70,398 Prior Year Total Funds 2024 £ 79,545 Current year Total Funds 2025 £ 36,000 36,000	Prior Year Total Funds 2024 £ 2,094 1,167 660 2,700 6,621 Prior Year Total Funds 2024 £ 7,901 71,644 79,545 Prior Year Total Funds 2024 £ 36,000 36,000

32

Leeds and Moortown Furniture Store Limited

Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015

Donated goods and services - Prior Year analysis

Donated goods and services - Prior Year analysis
Prior Year All the donations and gifts in the prior year were unrestricted. Total Donations, Grants and Legacies Total Donations, Grants and Legacies A1 Prior year Total Donations, Grants and Legacies A1 Gift Aid from Subsidary Total Gift Aid from Subsidary Gift Aid from Subsidary	Prior Year Unrestricted Funds 2024 £ - Current year Unrestricted Funds 2025 £ - -	Prior Year Restricted Funds 2024 £ 36,000 Current year Restricted Funds 2025 £ - -	Prior Year Total Funds 2024 £ 36,000 Current year Total Funds 2025 £ - -	Prior Year Total Funds 2024 £ - - 122,166
	12,604 Unrestricted Funds 2024 £ 14,522	102,639 Restricted Funds 2024 £ 107,644	115,243 Prior Year Total Funds 2024 £ 122,166

33

Leeds and Moortown Furniture Store Limited

Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015

25 Income from charitable activities - Trading Activities

Current year Primary purpose and ancillary trading All the income in the prior year wasunrestricted. Current year Total income from charitable trading Total from charitable activities A2 All the income in the prior year was unrestricted. Ancillary trading in support of charitable objects Total Primary purpose and ancillary trading Sale of goods and services in accordance with the charity's objects Solar Generation Management fees and charges received Total Income from charitable activities	Current year Unrestricted Funds 2025 £ 10,198 207 - 54,000 64,405 Current year Unrestricted Funds 2025 £ 64,405 64,405	Current year Restricted Funds 2025 £ - - - - - Current year Restricted Funds 2025 £ - -	Current year Total Funds 2025 £ 10,198 207 - 54,000 64,405 Current year Total Funds 2025 £ 64,405 64,405	Prior Year Total funds 2024 £ 8,891 202 4,200 32,250 45,543 Prior Year Total Funds 2024 £ 45,543 45,543

26 Total Income from charitable activities

27 Investment income

Bank Interest Receivable Total investment income A4	Current year Unrestricted Funds 2025 £ 2,446 2,446	Current year Restricted Funds 2025 £ - -	Current year Total Funds 2025 £ 2,446 2,446	Prior Year Total Funds 2024 £ 2,346 2,346

All the investment income in the prior year was unrestricted

34

Leeds and Moortown Furniture Store Limited

Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015

28 Expenditure on charitable activities - Direct spending

Current Year Total direct spending B2a Prior Year Total direct spending B2a Gifts in kind, donated services and facilities (contra with income from the same sources) Redundancy pay Defined contribution pension costs - charitable activities Defined contribution pension costs - charitable activities Gross wages and salaries - charitable activities Temporary Staff - Charitable Activities Redundancy pay Gross wages and salaries - charitable activities Gifts in kind, donated services and facilities (contra with income from the same sources) Employers' NI - Charitable activities Employers' NI - Charitable activities Temporary Staff - Charitable Activities	Current year Unrestricted Funds 2025 £ 45,320 5,386 2,044 - - - 52,750 Prior Year Unrestricted Funds 2024 £ 52,697 5,258 2,262 6,417 19,672 - 86,306	Current year Restricted Funds 2025 £ 66,639 - - - - 36,000 102,639 Prior Year Restricted Funds 2024 £ 71,982 - - - - 36,000 107,982	Current year Total Funds 2025 £ 111,959 5,386 2,044 - - 36,000 155,389 Prior Year Total Funds 2024 £ 124,679 5,258 2,262 6,417 19,672 36,000 194,288	Prior Year Total Funds 2024 £ 124,679 5,258 2,262 6,417 19,672 36,000 194,288

29 Expenditure on charitable activities - Charitable trading

Current Year Total charitable trading costs B2b Cost for primary purpose trading - Vehicle costs Write off accrued expenses not charged Costs of ancillary trading to benefit beneficiaries - Including movement in stock for ancillary trading	Current year Unrestricted Funds 2025 £ 3,556 1,767 (19,230) (13,907)	Current year Restricted Funds 2025 £ - - - -	Current year Total Funds Total Funds 2025 2024 £ £ 3,556 5,012 1,767 - (19,230) - (13,907) 5,012

All the prior year expenditure was unrestricted

35

Leeds and Moortown Furniture Store Limited

Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015

30 Support costs for charitable activities

30 Support costs for charitable activities
	Unrestricted	Restricted	Total Funds	Total Funds
Current Year	Funds	Funds
	2025	2025	2025	2024
	£	£	£	£
Employee costs not included in direct costs
Training and welfare - staff	513	-	513	212
Recruitment expenses	-	-	-	122
Training and welfare - volunteers	14,302	-	14,302	9,344
Premises Expenses
Rent payable under operating leases	-	-	-	-
Rates and water charges	4,847	-	4,847	4,759
Light heat and power	3,015	-	3,015	2,120
Cleaning and waste management	945	-	945	597
Premises repairs, renewals and maintenance	5,345	-	5,345	4,637
Alarm and security costs	2,073	-	2,073	1,218
Property and Commercial insurance	5,328	-	5,328	6,637
Site charges	762	-	762	121
Relocation costs	1,577	-	1,577	-
Administrative overheads
Telephone, fax and internet	2,358	-	2,358	1,339
Postage, Stationery and Printing	615	-	615	231
Membership subscriptions	883	-	883	100
Equipment expenses	431	-	431	-
Hire of equipment	-	-	-	1,187
Software licences and expenses	7,220	-	7,220	2,981
Sundry expenses	1,184	-	1,184	52
Prior year expenses correction	5,324	-	5,324	-
Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination fees
As detailed in Note 31	1,179	-	1,179	1,183
Professional fees paid to advisors other than the auditor or examiner
Other legal and professional	7,568	-	7,568	5,565
HR consultancy	2,823	-	2,823	-
Financial costs
Bank charges	666	-	666	121
Depreciation including profit on sale of assets	(405,615)	-	(405,615)	7,187
Support costs before reallocation	(336,657)	-	(336,657)	49,713
Total support costs - Current Year	(336,657)	-	(336,657)	49,713
The basis of allocation of costs between activities is described under accounting policies. All the prior year expenditure was
unrestricted

36

Leeds and Moortown Furniture Store Limited

Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015

31 Other Expenditure - Governance costs

Current Year Independent Examiner's fees Trustees' indemnity insurance Total Governance costs	Current year Unrestricted Funds 2025 £ 3,200 975 4,175	Current year Restricted Funds 2025 £ - - -	Current year Total Funds 2025 £ 3,200 975 4,175	Prior Year Total Funds 2024 £ 2,190 950 3,140

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

Payroll management fees Total additional fees included in support costs at Note 30	Current year Unrestricted Funds 2025 £ 1,179 1,179	Current year Restricted Funds 2025 £ - -	Current year Total Funds 2025 £ 1,179 1,179	Prior Year Total Funds 2024 £ 1,183 1,183

All the expenditure in the prior year was unrestricted.

32 Total Charitable expenditure

Current Year Total direct spending B2a Total charitable trading costs B2b Total support costs B2d Total Governance costs B2e Total charitable expenditure B2	Current year Unrestricted Funds 2025 £ 52,750 (13,907) (336,657) 4,175 (293,639)	Current year Restricted Funds 2025 £ 102,639 - - - 102,639	Current year Total Funds 2025 £ 155,389 (13,907) (336,657) 4,175 (191,000)	Prior Year Total Funds 2024 £ 194,288 5,012 49,713 3,140 252,153

37

Leeds and Moortown Furniture Store Limited

Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015

Total Charitable expenditure (continued)

Prior Year Total direct spending B2a Total charitable trading costs B2b Total support costs B2d Total Governance costs B2e Total charitable expenditure B2	Prior Year Unrestricted Funds 2024 £ 86,306 5,012 49,713 3,140 144,171	Prior Year Prior Year Restricted Funds Total Funds 2024 2024 £ £ 107,982 194,288 - 5,012 - 42,645 - 3,140 107,982 252,153

38