COMPANY REGISTRATION NUMBER 3662469
THE FURZEDOWN PROJECT
FINANCIAL STATEMENTS
31 MARCH 2024
(A Company Limited by Guarantee)
Charity Number 1076087

THE FURZEDOWN PROJECT
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
CONTENTS
PAGE
Trustees Annual Report
Independent Examinerfs report
Statement of Financial Activities
Income and Expenditure Account
Balance sheet
Notes to the Financial Statement
10.19

THE FURZEDOWN PROJECT
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
The Trustees present their report together with the independently examined financial statements for the
charity for the year ended 31 March 2024. The Tnlstees, who are also Directors of the Company for the
purposes of company law, are collectively referred to as the Trustees in this report. The Trustees confinn
that the financial statements comply with current statutory requiremcnts, the mcmorandum and articles
ol association and the Statcment of Recornmended Practice - Accounting and Reporting by Charities:
SORP applicable to charities preparing their accounts in accordance with FRS 102.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name
THE FURZEDOWN PROJECT
Charity registration number
1076087
Company registration number
3662469
Principal and Registered office
91- 93 Moyser Road
London
SW16 6SJ
The Trustees
The tnistees who served during the period were as follows:
Elected Trustees:
Graham Loveland (Chair)
Rev Dr Sue Clarke (Resigned 2111012023)
E Saycc (Trcasurcr - appointed 2010112023)
Rosemary Scott
Martine Davies (appointed 201011123)
Martin Beaver
Susan Pearson
Moira Had)ord
Juliet Moxley (appointed I 111012023)
Susan Wardrop-Rouggen (appointed 1111012023)
Company Secretary
Plus Gnanapragasam
Manager
Sandra Shaw
Bank
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent ME19 4JQ
Independent examiner
Arif Malida
Chartcred Accountants
66 Moyser Road
London SWI 6 6SQ

THE FURZEDOWN PROJECT
TRUSTEES ANNUAL REPORT{continued}
YEAR ENDED 31 MARCH 2024
Structure, Governance and Management
Governin
Docunient
The Furzedown Project, a company limited by guarantee (number 3662469), and constituted
by its Memorandum and Articles of Association dated 5 ' of November 1998. It is also a
registered charity (No. 1076087). Residents of the Wandsworth Borough over the age of 60
are entitled to become members of the Project on payment of an annual subscription.
Members agree to contribute an amount not exceeding £5 each in the event of the charity
winding up. The membership at 31 March 2024 was 341. The trustees are members of the
charity but this entitles them only to voting rights. The trustees have no beneficial interest in
the charity.
ointment of Trustees
The Project is managed by a 9-member Management Committee who are also trustees of the
Project. The trustees are elected by the members at the Annual General Meeting {AGM). A
trustee cannot hold office for more than seven consecutive years and shall stand down for at
least one year before being eligible to re-election. Members are circulated with a list of the
retiring trustees and invited to make nominations for election of new trustees at the AGM.
The trustees may also co-opt persons with particular skills as required to attend Management
Committee meetings but not vote.
Trustee induction and trainin
New Trustees undergo a comprehensive induction programme to understand the structure and
governance of the Charity and their legal obligations under Charity Law and Companies
Acts. They are also updated with any statutory and regulatory developments that may have
relevance to the governance of the Charity.
anisation
The Management Committee meets 8 times per year. Sub-committees, appointed by the
Management Committee, deal with issues relating to membership, fundraising and
recruitment. A Project Director, Sandra Shaw appointed by the trustees manages the day to
day operations of the charity and has delegated authority, for operational matters including
finance, employment and activities of the Project. Sandra appointed on 12 July 2023
succeeded James Atkins who sadly passed away on 29 May 2023.
Relationshi
with local communi
Wandsworth Council commissions Open Access Day Services from the Furzedown Project.
Various local community groups, schools and churches are supportive of the activities of the
Project. These include Age UK Wandsworth, Wandsworth Older Peoples Forum, Furzedown
Community Network, Furzedown Annual Charity Event (FACE), St Albans Church,
Mitcham Lane Baptist Church, St, James, Church, and Penwortham Primary and Graveney
Secondary Schools.

THE FURZEDOWN PROJECT
TRUSTEES ANNUAL REPORT{continued)
YEAR ENDED 31 MARCH 2024
Risk mana
ement
The main areas of risk to the charity are physical and financial. In view of the wide variety of
activities undertaken in the charity the Trustees operate a risk management strategy which
comprises:
An annual review of risks the Project may face.
The establishment of systems and procedures to mitigate the risks identified in
the plan and
The implem¢ntation of proc¢dur¢s designed to minimise any potential impact
on the charity should those risks mat¢rialise.
This strategy has delivered an accident-free operating environment and has given the impetus
for better planning. Staff and volunteers are subject to DBS checks and training is given in key
areas of Health, Safety and abuse of vulnerable persons. The Trustees recognise that the
systems in place can only provide reasonable but not absolute assurance that all risks have been
adequately managed.
Ob'ectives and Activities
The objective of the charity is for "the benefit of the public the relief of the elderly (being
persons who are sixty years of age or over), the housebound and disabled and their carers in
the London Borough of Wandsworth." The main focus of our work is to prevent and
overcome the health and psychological difficulties arising from social isolation experienced
by the elderly.
The Project aims to achi¢v¢ its objective by:
(a) providing a neighbourhood centre in or close to the Furzedown Ward of the London
Borough ot. Wandsworth for older peopl¢ in thc community especially those who are socially
isolated, housebound or disabled and their carers;
(b) ensuring that the users of the Centre are involved in decisions about the running of the
centre and the activities that take place.
(c) raising awareness in the community about the strengths, creativity and independence of
older people and the many contributions that they can make to local life; and
(d) breaking down barriers of age discrimination and ensure that older people are fully
Inte￿ated into the Furzedown community.
In achieving its objectives, the Project has adopted a strategy of encouraging members and
volunteers to organise and lead its activities. Where warranted, the Project arranges for external
expertise to guide and mentor the participants.

THE FURZEDOWN PROJECT
TRUSTEES ANNUAL REPORT(contlnued)
YEAR ENDED 31 MARCH 2024
Public Benefit
The Trustees have referred to the Charity Commission's guidance on public benefit, including
'Public benefit: running a charity (PB2)' and confinn that the provision of the range of services
by the Furzedown Project to its members are consistent with its objectives and meets the
obligation to provide public benefit. The range of services are designed to prevent and
overcome social isolation and include exercises and activities to promote healthy living,
advice on managing their affairs, raising awareness of their skills and the contribution they
make to local life. A substantial proportion of the charity's activities is, delivered through a
team of volunteers, to help the homebound older people Combat loneliness, increase social
contact and alert social care agencies when needs arise.
Achievements and Performance
2023 - 2024 was the sixth year ol the contract awarded by Wandsworth Council Adult Social
Services for the provision of Open Access Day services for Older People. The service
specifications provide benchmark guidance for the charity and we have consistently met and
exceeded the service specifications set out in this contract.
Financial Review
The financial result for the year shows a deficit of £3,418 comprised of a deficit of £24,256 in
Unrestricted Activities and a sury)lus of £20,83 8 in the Restricted Activities. The deficit in the
Unrestricted Activities is mostly due to a shortfall of £42,3 84 in the Outreach service, which
again was not supported by any grant this year. The support of our grant providers was vital
to maintaining the Outreach Services..Nevertheless the reserves are in line with the charity's
reserves policy (see below).
Trustees, Remuneration
No remuneration was paid to the Trustees during the year ended March 2024. (2023 - nil)
Reserves Polic
The Trustees recognise the need to hold sufficient reserves to sustain the charitable core activities in
the event of any unforeseen ieduction in income and to mcct its legal obligations. Thc policy aims to
have sufficient free reserves equivalent to at least six month's operating costs. At the year-end the free
reserves stood at £102,382.
Res
onsibilities of the Trustees
The trustees (who are also directors of The Furzedown Project for the puryoses of company law) are
rcsponsiblc for preparing the Trustecs, Annual Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
Company law requires the trustees to prepare financial statements for each fmancial year, which give a
true and fair view of the state of affairs of the charitable company and of the incoming resources and

THE FURZEDOWN PROJECT
TRUSTEES ANNUAL REPORT (continued)
YEAR ENDED 31 MARCH 2023
application of resources, including the income and expenditure, of the charitable company for the year.
In prepartng these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP 2019 (FRS 102).
make judgements and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and cxplained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charitable company will continue in operation.
The trnstees are responsible for keeping adequate accounting records that disclose with reasonable
accuracy at any time the financial position of the charitable company and enable them to ensure that the
financial statements comply with the Companies Act 2006. They are also responsible for safeguarding
the assets of the charitable company and hence for taking reasonable steps for the prevention and
detection of fraud and other i￿¢gUlaritics.
In so far as the trustees are aware.,
there is no relevant audit inforn]ation of which the charitable company, s auditor is unawarc;
the trustees have taken all steps that they ought to have taken to make themselves aware of
any r¢levant audit inforn]alion and to establish that the auditor is awarc of that infortnation.
Inde
endent examiner
A resolution to re-appoint Arif Malida as independent examiner for the coming year will be proposed
at the AGM.
Approved and signed b order of the Trustees on 26 September 2024
am Lovelan
rustee / Director
T P D Gnanapragasam
Company Secretary

Independent Examiner's Report to the Trustees of The Furzedown Project
I report to the charity trustees on my examination of the accounts of the company for the year ended
31 March 2024 which are set out on pages 7 to 20.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you
are responsible for the preparation of the accounts in accordance with the requirements of the
Companies Act 2006 ('thc 2006 Act,).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respcct of my cxamination of
your company's accounts as carri¢d out under section 145 of the Charities Act 2011 ('the 201 l Act,).
In carying out my examination I have followed the Directions given by the Charity Commission
under section 145(5)(b) of the 2011 Act.
Independent ex&miDer's statement
I have completed my examination. I confirn] that no 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 company as required by section 386 of the 2006
2. the accounts do not accord with thosc records. or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement that ihe accounts give a 'true and fair view, which is not a matter considered as
part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial R¢porting Standard applicable in the UK
and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matl¢rs in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Arif Malida chart￿ed Accountants
ICAEW
66 Moyser Road, London SWI 6 6SQ
Date
I Iioty
09

THE FURZEDOWN PROJECT
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2024
Unrestricted Restricted
Total
Funds
2024
Totsl
Funds
2023
Funds
Funds
Note
INCOME FROM
Donations, grants and legacies
Charitable Activities
Investment income
Other income
TOTAL INCOME
42,933
23,126
3,660
2,374
72,093
106,325
6,682
149,258
29,808
3,660
2,374
185,100
85,679
25,816
1,207
3,363
116,065
113,007
EXPENDITURE ON
Raising Funds
Charitable activities
Governance Costs
TOTAL EXPENDITURE
(9.895)
(92,169) (182,005) (218,693)
(6,513)
(6,652)
(92,169) (188,518) (235,240)
(89,836)
(6,513)
(96J49)
NET INCOME I
(EXPENDITURE) FOR THE
YEAR
(24,256)
20,838
(3,418) (119,1751
RECONCILIATION OF
FUNDS
Total fvnds brought forward
14
129,764
10,838
140,603
259.777
TOTAL FUNDS CARRIED
FORWARD
15
105,508
31,676
137,185
140.602
The Statement of Financial Activities includes all gains and losses in thc year and therefore
a statement of total recognised gains and losses has not been prepared. There were no other
recognised gains or losses other than those stated above. All amounts abov¢ r¢laL¢ to continuing
activities. The attached notes fomi part of the financial statemcnts.

THE FURZEDOWN PROJECT
SUMMARY INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31 MARCH 2024
2024
2023
INCOME
TOTAL EXPENDITURE
OPERATING INCOMEI(DEFICIT)
Interest receivable and similar income
NET INCOME / (EXPENDITURE)
181,440
(188,518)
(7,078)
3,660
(3,418)
114,858
(235,240)
(120,382)
1,207
(119,175)

THE FURZEDOWN PROJECT
BALANCE SHEET
31 MARCH 2024
2024
2023
FIXED ASSETS
Tangible Assets
Note
4,721
5,083
CURRENT ASSETS
Debtors
Cash at bank and in hand
12
2,221
171595
173,816
2,(X)O
150,309
152,309
LIABILITIES:
Creditors: Amounts falling due within one year
13
NET CURRENT ASSETS
132,463
135,520
TOTAL ASSETS LESS CURREIYT
LIABILITIES
137 184
140 603
TOTAL NET ASSETS
137,184
140,603
FUNDS
Restricted income funds
Designated Funds
Unrestricted incomc funds
14
14
14
31,676
3,126
102 382
137 184
10,839
3,126
126 638
The charilable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the
year ended 31 March 2024.
The member8 have not required the Company to obtain an audit of its finan¢ial statements for the year ended 31
March 2023 in accordance with Section 476 of th¢ Companies Act 2006.
The Twstees acknowledge iheir responsibilities for
(a) ensuring that the charitable company keeps ￿CoUntIng records that comply with Sections 386 and 387
of the Companies Act 2006 and
(b) preparing financial slalements which give a true and fair view of the state of the charitable company as
at the end of each fmancial year and of ils surplus or deficit for each fmancial year in accordance with
the requiremenls of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial slaternents, so fai &$ applicable to the charitable company.
The fmancial slaternents have been prepared in accorda
Part15 of the Companies Act 2006.These financial
with the special provisi
nts weie approved b
for small companies under
e Board of Trustees on
2ts109 l￿z*
oveland
TrusteeJDirector
T P D Gnanapragasam
Company Secretary
Company registration no. 03662469
The attached notes forn] part of the financial statements.

THE FURZEDOWN PROJECT
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
General Information and Basis of accounting
The charity constitutes a public benefit enlity as defined by FRS 102. The financial statements
have been prepared in accordance with Accounting and Rq)orting by Charitics: Statement of
Recommended Practice (Second Edition) applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
{FRS 102) issued on October 2019, the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland (FRS 102), the Charities Act 201 I, the Companies Act 2006
and UK Generally Accepted Practice as it applies from January 2022. Assets and liabilities are
initially recognised at historical cost or transaction value unless otherwise stated in the relevant
accounting policy or note.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of
the general objectives of the charity and which have not been designated for other
purposes. Designated funds are unrestricted funds earniarked by the Managiement
Committee for particular puryoses. Restricted funds are subjected to specific restrictions
on their expenditure imposed by the donor or through the ternis of an appeal.
Cash flow statement
The trustees have taken advantage of the exemption under Charities SORP (FRS102) from
including a cash flow statement in the financial statements on the grounds that the company is
small,
Income
All income is recognised in the statement of financial activities when the charity is
entitled to, and virtually certain to receive, the income and the amount can be quantified
with reasonable accuracy. The following policies are applied to particular categories of
income. In oases where grants overlap the year end, revenue is apportioned on an accrual
basis.
Voluntary income is received by way of ￿ants, legacies, donations and gifts and is
included in full in the Statement of Financial Activities when receivable. Grants, where
entitlement is not conditional on the delivery of a specific perforniance by the charity.
are recognised when the charity becomes unconditionally entitled to the grant. Grants,
where related to performance and specific deliverables, are accounted for as the charity
earns the right to consideration by its perfonnance.
For legacies, entitlement is the earlier of the charity being notified of an impending
distribution or thc Icgacy bcing received. At this point income is recogniscd.
io

THE FURZEDOWN PROJECT
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
On occasion legacies will be notified to the charity however it is not possible to measure
the amount expected to be distributed. On these occasions, the legacy is treated as a
contingent asset and disclosed.
Investment incom¢ is included when receivable.
Incoming resources from charitable trading activity are accounted for when earned.
Other incoming resources relate to income not classificd in any of the above categories.
Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes
any VAT which cannot be fully recovered, and is reported as part of the expenditure to which
it relates:
Costs of generating ￿ndS comprise the costs associated with attracting voluntary
income.
Charitable expenditure comprises those costs incurred by the charity in the delivery of
its activities and services for its beneficiaries. It includes both costs that can be
allocated directly to such activities and those costs of an indirect nature necessary to
support them.
Governance costs include those costs associated with meeting the constitutional and
statutory requirements of the charity and include the audit fees and costs linked to the
strategic management of the charity.
All costs are allocated between the expenditure categories of the SOFA on a basis
desI￿ed to reflect the use of the resource. Costs relating to a particular activity are
allocated directly, others are apportioned on an appropriate basis based on estimated time or
use.
Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of
ownership remain with the lessor are charged against profits on a straight line basis over the
period of the lease.
Tangible Fixed Vdssets
All fixed assets are initially recorded at cost.
li

THE FURZEDOWN PROJECT
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual valuc, over
the use￿[ economic life of that asset as follows:
Office Equipment:
Furniture and Fittings:
Motor Vehicles:
IT Hardware and Software:
25 % Reducing balance
25 % Reducing balance
200/0 Straight line
33.3 % Straight Line
Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairn]ent are reco￿lISed in
expenditure.
ProvlsAons
Provisions are recognised when the charity has an obligation at the balance sheet date as a
result of a past event, it is probable that an outflow of economic benefits will be required in
settlement and the amount can be reliably estimated.
Employee benefits
The charity operates a defined contribution plan for the benefit of its employees. Contributions
are expensed as they become payable.
Tax
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011
and is considered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and
therefore it meets the definition of a charitable company for UK co￿oration tax purposes.
Going concern
The financial statements have been prepared on a going concern basis as the trustees believe
that no material uncertainties exist. The trustees have considered the level of funds held and
the expected level of income and expenditure for 12 months from authorising these financial
statements. The budgeted income and expenditure is sufficient with the level of reserves for
the charity to be able to continue as a going concern.
12

THE FURZEDOWN PROJECT
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
2. INCOME FROM DONATIONS, GRANTS AND LEGACIES
Unrestricted Restricted Total Funds
Funds
Funds
2024
Total
Funds
2023
Donations:
Donations
Legacies
22,307
16,003
22,307
16,003
7,310
Grants receivable:
Wandsworth Borough Councll Contract
Wand5WOrth Borough Council Keep Fit
Wandsworth Borough Councilwarm Spaces
National Lottery Community FLJnd
62,894
12,420
9,681
21,330
62,894
12,420
9,681
21,330
1,738
60,528
ioooo
525
1,738
Sponsorship..
Membership Fees
2,387
4,929
85.679
2,885
42,933
2,885
149,258
Total
106,325
3. INCOME FROM CHAIUTABLE ACTIVITIES
Total
Unrestrlcted Restrlcted Funds
Funds
Funds
2024
Total
Funds
2023
Shop Income
Fundraising Events
Other Activities:
Other Activities - Exercise Classes
Other Activities- Raffles
Other Activities
764
2,417
18802
764
991
2417
5,617
18802 13,220
6682
5,247
151
590
6,682
297
297
846
Total
23,126
6,682
29,808 25,816
13

THE FURZEDOWN PROJECT
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
4 INVESTMENT INCOME
UDrestricted Restricted
Funds
Funds
Total
Funds
2024
Total
Funds
2023
Bank interest receivable - deposits
1,207
S. OTHER INCOME
Total
Unrestrlcted Restrlcted Funds
Funds
Funds
2024
Total
Funds
2023
Trips
Transport
Hire of Premises
334
20
2,020
2,374
334
20
2020
423
20
2,920
3J63
Total
2,374
6. EXPENDITURE ANALYSIS: COSTS OF CHARITABLE ACTIVITES BY EXPENSE TYPE
Total
Unrestrlcted Restrlcted Funds
Funds
Funds
2024
Total
Funds
2023
Costs of activities, salaries,
accounting and other costs
Office costs
Administration costs
Voluntecr expcnscs
67,075
73,507 140,582 147,109
20,101
1,399
1261
4,134 24,235
40,046
14,528
15,927
30,901
1,261
637
92.169 182,005 218,693
Totydl
89,836
14

THE FURZEDOWN PROJECT
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
7. EXPENDITURE ANALYSIS: GOVERNANCE COSTS
Total
Unrestrlcted Funds
Funds
2024
Total
Funds
2023
Salaries
Independent Examiner's Fees
Financial Costs
4,500
1,750
263
6,513
4,500
1,750
263
6.513
5,152
1,350
112
6,614
Salaries and accountancy fees represent the estimated time spent on governance matters. All other costs
arc cxpenditure directly attributable to governance.
. NET INCOME / EXPENDITURE FOR THE YEAR
This is stated after charging l (crediting):
2024
2023
Operating Lease rentals
Staff pension contributions
Depreciation of tangible fixed assets
Independent Examincr's fees for review of the f￿anCIal
statements
9,651
2,282
1,574
1,750
18,213
1,597
16,849
1,500
9. TRUSTEE REMUNERATION AND EXPEIYSES.
No Trustee received any remuneration for the year ending 31 March 2024 (2023: Nil).
10. STAFF COSTS AND EMOLUMENTS
Total staff costs were as follows:
2024
2023
Wagcs and Salaries
Social Security Cost
Pension costs
84,386
105,890
1,652
9,952
2,282
1,597
88,320
117,439
Pension costs represent the employcr's contribution (5Q/o of salary) to the Stakeholder Pension Scheme
managed by the Co-operative Insurance Society in respect of two members of staff.
15

THE FURZEDOWN PROJECT
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
10. STAFF COSTS AND EMOLUMENTS (continued)
Particulars of employees:
The average number of employees during the year, calculated on the basis of full-time equivalent, was
as follows:
2024
2023
No.
Number of adtninistrative staff
The actual monthly number of employees during the year was as follows:
2024
No.
2023
No.
No eTnployee received emoluments of more than £60,000 during the year (2023 - Nil)
11. TANGIBLE FIXED ASSETS
Equipment Furniture
& Fittings
Minibus IT
Hardware
& Software
Total
COST
At April 2022
Additions
Disposals
At 31 March 2023
20,523
1,212
37,977
33,279
47,155
138,934
1,212
21,735
37,977
33,279
47,155
140.146
DEPRECIATION
Ai April 2022
Additions
Disposals
At 31 March 2023
17,730
1,001
35,687
573
33,279
47,155
133,851
1,574
18,731
36,260
33,279
47,155
135,425
NET BOOK VALUE
At 31 March 2023
17
At 3 l March 2022
All assets above are used for charitable purposes.
16

THE FURZEDOWN PROJECT
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
12. DEBTORS
2024
2023
Prepayments
13. CREDITORS: Amounts falling due within one year
2024
2023
Deferrcd Income
Taxation and social security
Accruals, Creditors
30,112
4,690
4,007
14. MOVEMENT IN FUNDS
Balance at Incoming
IApril
Resources
2023
Outgoing Transfer5
Resources
Balance at
31 March
2024
Restrlcted Fund -
W'ivorth B C Contraet
Restricted Fund-
Kee
Fit CIv4sses
Restricted Fund - Warm
aces
Restricted Fund- NLCF
Gardenin
Designated Fund-
Redundanc
Unrestrieted
10,271
62,894
{45,0371
28,128
19,102
117,915)
1,187
568
9,681
(7,3621
2.887
21,330
{21,8551
(525)
3,126
3,126
126 638
{96,3491
(188,519)
102,382
185,ILN)
Purpose of Restricted Funds: Each restricted project to be described in more detail below
Wandsworth B C Contract: The purpose of the Wandsworth Borough council contract is to ensure
that the charity is able to provide a range of services to the local elderly community so that their
wellbeing and open day access services / activities are available to the local community.
Keep Fit Classes: The pun)ose of the Keep Fit classes fund is to provide exercise and general well
being classes to the community as part of a healthy lifestyle.
17

THE FURZEDOWN PROJECT
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
14. MOVEMENT IN FUNDS (continued)
Purpose of Designated fund:
Redundaney fund: Due to the charity's dependency on grants as its rnain source of incoming resources,
the chatity has ensured there are available designated ￿ndS to ensure that in the unfortunate event of
redundancy, the charity has available designated reserves to ensure payment.
15. AIYALYSIS OF NET ASSETS BETWEEN FUIYDS
Fund balances at 31 Marcb 2024 are represented by:
General
Funds
Deslgnvdted Restrlcted
Fund
Fund
Total
Tangible Fixed Assets
Current Asscts
Current Liabilitics
4,721
139,014
4,7?1
173,816
3,126
31,676
Fund balances at 31 March 2023 are represented by:
General
Funds
Designated
Fund
Restricted
Fund
TotAI
Tangible Fixed Assets
Current Assets
Current Liabilities
5,083
139.344
5,083
152,309
3,126
10,839
16. COMMITMENTS UNDER OPERATING LEASES
At 31 March 2024. the company had aggregate annual commitments under operating leases in respect
of the charity premises. The lease has various tenns and clauses including the right to terminate the
Icase by giving the lessor 6 months written notice.
2024
Operating Icascs commitments
Within l year
Within 2 to 5 years inclusive
After 5 years
12,534
12,534
18

THE FURZEDOWN PROJECT
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
17. Analysls of cash and cash equivalents
At l April 2023
£150,309
Cash flows
£21,286
At 31 March 2024
£171,595
Cash at bank and in hand
18. Deferred income
£ 10,212 of the Warm Spaces grant and £19,900 of the National Lottery Community Fund Gardening
Project relating to the relating to the period after the end of the year has been recognised as def¢￿ed
income as required under the accrual basis of accounting and is included in Creditors in the Balance
Sheet
19. Pensions and other post-retirement benefits
Defined contribution pension plans
The charity operates a defined contribution pension plan for its employees. Th¢ amount recognised as
an expense in the period was £ 2,282 (2023 - £ 1,597)
20. Relydted Pfdrty transactions
There arc no related party transactions during the period £nil (2023.. £ nil).
19