COMPANY REGISTRATION NUMBER 3662469
THE FURZEDOWN PROJECT
FINANCIAL STATEMENTS
31 MARCH 2025
(A Company Limited by Guarantee)
Charity Number 1076087

THE FURZEDOWN PROJECT
FINANCIAL STATEMEIYTS
YEAR ENDED 31 MARCH 2025
COIYTENTS
PAGE
Trustccs Annual Report
Indyndent Examiner's report
Statement of Financial Activities
Income and Expcnditurc Account
Balance sheet
Notes to the Financial Siatement
8-15

THE FURZEDOWN PROJECT
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
The Trustees present their report together with the independently examined financial statements for the charity for the year
ended 31 March 2025. The TNstees, who are also Directors of the Company for the purposes of compAny law, are collectively
refetTed to US the TNstccs in this report. The Tnjstees confirni thai the financial statements comply with cutTent sta￿lOry
requirements, the m¢morandum and articles of association and the Statctncnt of Rccommended Practice . Acwunting and
Rcporting by Charities- SORP applicablc to charities preparing their accounts In IiLLurdancc with FRS 102.
REFERENCE AND ADMINISTRATIVE DETAILS
ReglstÈr¢d ¢harlty name
THE FURZEtK)WN PROJECT
Charlty reglstrAtlon number
1076087
Company re¥l$tratlon number
3662469
Prln¢lpal and Reglstered offlce
91- 93 Moyser Road
London
SW166SJ
The Trustees
The trustccs who served durin8 the period were as follows..
Elected Trustees:
E Sayce {Chair)
Graham Loveland
Prasaniha Sugunasingh&, Treasurcr- (appointed 0911012024)
Rosemary Scott
Manine Davics
Martin Beav¢r
Susan Pcarson
Juliet Moxlcy (resigned 0911012024)
Susan Wardrop-Roug¥en
Jeff Pi¢k¢rins (appointed 9 October 20241
Company Secretary
Plus Gn￿apr88￿Sttm
Manager
Sandra Shaw
Bank
CAF Bank Ltd
25 King5 Hill Avenue
Kings Hill
West Malling
Kcnl ME194JQ
Independent ex4mlner
Arif Malida
Chartcred Awountants
66 Moyser Road
London SW16 6SQ

THE FURZEDOWN PROJECT
TRUSTEES ANNUAL REPORT (continued)
YEAR ENDED 31 MARCH 2025
Strneture, Governanee and Management
Covernin
Document
Thc Furicdown Pri)ject. a company liinited by guarantee {nuinber 3662469), and constituted by its Manorandum and
Articles Ot AssoLiation daied 5, of November 1998. 11 is also a registered Lharity {No. 1076087). Residents of the
Wandsworth Borough over rhe age of 60 are eniitled io become mejnbers of the Prujeel on payment of an annual
subscription. Members agree to contribute an amount not exceeding £5 each in the event ot the charity winding up. The
mcmbership at 31 March 2025 was 341. The tru.stccs are members of the charity but this entitles them only lo voting rights.
The rruslees have no bcneficiaS interest in the ch¢irity.
ointment of Trustee
Thc Pi'ojLCt is Inanagcd by a 9-member Manageinent Cominittee who are also tru.8tees of the Project. The Mistees are elected
by rhe member% ul the Annual Generydl Meeiing (AGM). A iru8lee ctbnnot hold offiLe for more Ihan scv¢n consecuiiv¢ years
and shall Sland down for at l¢ast one y¢ar before being eligiblc to rc-elcclion. Members are circulat¢d with e list ot the
retiring trustees and invil¢d lo mak¢ nominations tor ¢lectivn of new tnJste&8 at the AGM. The tnjstees Inay also co-opt
person5 With particular skills as required to attend Management Cominittee meetings but nol Vote.
Trustee Indiietlon and trttlnln
New Trustee% undergTO il Loinpr¥h¢nsive induction prugramme io understdnd the structure und governancc of the Charity and
their legF81 obligations under Chariiy Law and Coinpanivi ALt.s. They are also updated with any ¥t8trJtory And regulatory
developinents thut Fllay have relevance to the governance ot the Charity.
Or anlsaiion
The M#nag¢in¢nr Commiiiee mccts 8 litncs pcr year. Sub-commitl¢¢s. appoinlcd by the Managemeni Committee, dLYI with
issues rel¢iting to membership. fundraising and recruitment. A Project Director. Sandra Shaw appuinted by the trustcL
manages the day to day opcration8 Qt the charity and has dclcgaled authority, for operational matters including tinunL¢.
einployinent and activities of the Projcct. Sandrd appointed on 12 July 2U23 succccdcd James Atkins whu sadly pus%ed away
()n 29 May 2023.
RelAtlonshl
with lotol tommunl
WJndsWUrth Council commissions Opcn Access Day Services from the Fu￿RdOWn Project. Various local community
groups, schools and churches are supportive of rhe activities of the Project. These include Age UK Wmndsworth,
Wandsworth Older People5 Forum, Furx.edown Community Network, Furzedown Annual Churity Ev￿t (FACE), St Albans
Church, Mitcham Lane Baptist Church, St, James, Church, 8nd Penwortham Primary and Gravency Sccondary Schools.
Rlsk man8
ement
The mciin areas ol. risk to the charity ELre physical and financial. In view of the wide variety of activities undertaken in the
hJrity ihe Trublee% operate a risk management strategy whi¢h Lomprises:
An annual review ot risks (he Proje¢1 may face.
The establishment of syste]ns and procedures to mitigAte the risks identifi¢yJ in the plan and
The impl¢m¢ntalion of pro¢￿ur¢S design￿ lo miniinise any potential impa¢l on th¢ ¢harity should those
risks materialise.
This strategy has delivered an a¢¢idenl-tr¢¢ operating environm¢Trl and has given the impetus for better planning. Staff and
volunleers are Subject to DBS checks and training is given in key areas of Health. Safety and abuse of vulnerable person5. The
Tnjslees r¢cognisc that the syslcms in place can only provide rcasonablc but not abqolule assurance that all risks have be¢n
d¢quately managed.
Ob
ectives gnd Activlties
The objcctivc of thc charity is tor'the benefit of the public the relief of the elderly (being person5 who are sixty years of age
or over}. the housebound and disabled and their carers in the London Borough of Wandsworth." The main tocus of our work
is to pr¢venl and overcome the health and psychologi¢al di(Yiculties arising troin so¢ial isolation eAperienc¢d by the elderly.
The Proj¢¢i aiins lo achi¢v¢ its objeciive by:
(al providing a neighbourhood ¢entre in or close to the Furzedown Ward of the London Borough of Wandsworth for 05der
people in the cominunity especially those who are socially isolated. housebound or disabled and their carers-

THE FURZEDOWN PROJECT
TRUSTEES ANNUAL REPORT fcontinued)
YEAR ENDED 31 MARCH 2025
(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 awarcness in the community about the strengths, creativity and indepcndence of older people and the many
contributions that they can Inake to local lite.. and
(d) breaking down batTi¢rs of age discrimination and ensure that older people ar¢ fully integrated into the Furzedown
community.
In achieving its objeciives, the Project has adopted a strategy of encouraging memberb and volunte¢rs lo organise and lead its
aetivities. Where warrantcd, th< ProjcLt arrangcs for extcrnal cxpertise to guide and mentor Ihc participants.
Publlc Benefit
Thc Trustees have r¢feTred lo Ihc Charity Commission's guidance on public benefit, including 'Publi¢ b￿¢fit.. running a
charity (PB2)' and confirm that the provision of the range of scrvices by the Furzedown Project to its members arc con%ist¢nl
with its objcclives and meets the obligation to provide pubSi¢ b¢n¢fil. Thc rang¥ of services designed to prevent and
overcomc social i¥olalion and in¢ludc cxerlises and activities to promote healthy living, advice on managing their affairs.
raising awarenes5 of their 5ki11s and the contribution ihey make lo local life. A substantial proportion of the charity's
activitics is. delivered through a Icatn of vulunteers, ￿ help the homcbound older people combat loneliness. increase social
contact and alcrt social care agencies when necds arise.
Achievem
and Performince
2024 - 2025 was the sixth year of thc contract awarded by Wandsworth Council Adult Socilll Service% for the provision of
Open A¢¢ess Day serviLe¥ for Older People. The service specifications providc bcnchtnark ¥uidanL¥ tor the Lharity and we
have consistently mct and exLeed¢d the servicc spccifications bet out in this contract.
In￿n¢1￿1 Revlew
The financial rcsuli for the year shows a surplus of £120,21 O comprised of a surplus ot £23,805 in un￿￿tricted Activities
nd a surplus of £96,405 in Restricted Activities. £78,375 of the sutylus in the Unrestrictcd Activities is rescrved for the
purLha5e of the new minibus to replace Lhe stolen vchiclc.
Trustees, Remuner*tion
No remuneration wa4 paid to the TNstecs during the year ended Ma￿h 2025. {2024- nil)
Reserves Pollc
Thc T￿Stee% reLognise the nced to hold 5ufficienl rcswves to sustain the Charitable core aciivities in the event of any
unforeseen r¢du¢tion in income and to meet its legal obligation5. The poli¢y aims to hav¢ Sufficient fr¢¢ reserves equivalent
lo at least Six months. operating ¢05ts. At the year-end. the free raerves stood at £116,195
onslbllllies of the Trustees
The trusteL% (who are also dircctors of The FuTz¢down Project Ltd for the purpo￿5 of company law) are responsible for
preparing the Trustees, Annual Report and the financial statements in ac¢ordRnce with applicable law and United Kingdom
Accounting Standard5 (unit￿ Kingdom Generally Accepted Accounting Practice).
Company law ￿qUireS the trustees to prepare financial statemcnts for ¢a¢h financial year, which give a true and fair view of
the state of affairs of the charitable company and of the incoTning resources and application of resources, including the inwme
and ¢xp¢nditure, of the charitable company for the year. In preparing these financial stateTnents, 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),.
observe the ￿ethOdS and principles in the Charities SORP 2019 (FRS 102),.

THE FURZEDOWN PROJECT
TRUSTEES ANNUAL REPORT (eoniinued)
YEAR ENDED 31 MARCH 2025
make judgements and estimates that are reasonable and prudent;
stalc whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed
and explained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the eharitablc
company will continue in opcration.
The tnjstees arc responsible for keeping adequate accounting records that disclos¢ with re￿Onable accuracy at any time the
financial w)sition of the Lhuritablc ¢OTnpany and cnabl¢ them to ensure ihat thc finartcial statcments comply with ihe Companies
Act 21)06. They are also responsible for saf¢guarding lh¢ assets of Ihc Charitable Company and hcncc for taking ￿aSOnable
steps for the prevention and del￿tiOn of fraud and other )r￿SU]ant1cs.
In so far as the trustees are awar¢'.
there is no relevant audit infornialion of which the charitable company's auditor is unaware.
the Irystccs have taken all Steps that ihey oushi to havc lakcn lo mak¢ th￿ASe1vCs awarc of any rclevanl audit
infomiation and to establish Ihat the auditor is aware of that infornialion.
Inde
endent examiner
A resoluiion lo rc-appoint Arif Malidd ds independent ￿lIMI￿er fur the coming year will be pri)posed at the AGM.
Approved and signed by ordcr of. thc Trustccs on
2025
Li7. Sayce
Chair of Trusttts
T P D Gnanapragdsllin
Cumpany Secreiary

Independent Examlller's Report to the Trustees of The FurLedown Project
I report to the charity tNstees on my examination of the accounts of the company for the year ended 31 March 2025 which
are set out on pages 7 10 20.
Responsibllltles and b*sls of report
As the charity trustees of the company (and also its directors for the purposes of ￿MParty law) you are responsible for the
preparation of ihe accounts in accordance with the requirements of the Companies Act 2006 ('Ihe 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 exatnination, I rcport in respect of my examin&tion of your Company's accoullts as Ca￿led out
under S￿li0n 145 of the Charities Act 2011 ('Ihe 2011 Act.). In canying out my examination I have followed the Directions
given by the Charity Commission under section 145(5)(b) of the 2011 Act.
IndepeDdtnt ¢xamlner's statement
I have completed my examination. I confirni thai no matters have come to my atl¢ntion in connection with the examination
giving me eause to believe Ih&t in any material respe¢l'.
accounting records We￿ not kcpl in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with thobe records; or
3. the accounts do not iomply with the accounting requirements of section 396 of the 2006 Act other than any requiremeni
that the uccounts give a 'twe and fair view, which is not a matter considercd as part of an independcnt exAmination' or
4. the accounts have not bcen prepared in accordanc¢ with the mcthods and principles of the Statement of Recommended
Pra¢iice for accounting and reporting by ¢harilie% Jpplicable to charities preparing their accounts in accordance with the
Financial Rewrting Standard applicable in the UK and Republic of Ireland (FRS 102).
havc no concerns and have come across no vther matters in connection with the cxamination lo which attention should be
drawn in this report in ordcr tv enable a proper understanding of the accounts to be reachcd.
Arif Malida Chartered Accountants
ICAEW
66 Moysff Road, London SW16 6SQ
Dale

THE FURZEDOWN PROJECT
STATEMENT OF FINANCIAL A￿1VITIEs
YEAR ENDED 31 MARCH 2025
Unrestrieted
Rdtritted
Total Funds
Total Funds
Funds
Funds
2025
2D24
Note
INCOME FROM
Lk>nations. grnnts and lega¢i¢$
Charitable Activities
Investment income
Oth¢r in¢omc
23,473
31,929
4,875
6.686
61963
249,339
14,599
272,812
46,528
4,875
6.686
330.901
149.258
29,808
3,660
2,374
185,100
TOTAL INCOME
263,938
EXPEIYDITURE ON
Raising Funds
Chari￿bI¢ activities
I34.￿9)
18.2291
(43,158)
1167.533)
(202,4621
18.2291
(210,6911
{182,(K>31
16,5131
(1885181
Governance Cosis
TOTAL EXPENDITURE
(167,533)
NET INCOME I (EXPENDITURE) FOR THE
YEAR
23WS
96,405
120,210
-3.418
Nott: Trdnsferbctween fund¥ from unrc8tricied to
designated funds
19.9911
9,991
RECONCILIATION OF FUNDS
Tothl funds bTt)ught forward
14
105,508
31,676
137,185
140.603
TOTAL FUNDS CARRIED FORWARD
15
129J13
128,081
257J95
137,185
The Statement of Financial Activities includes all gains and10sses in the year and therefore
8 Statcmcnt of total recognised gains and losses has not b¢¢n prepared. Th¢r¢ were no oiher recognis￿ gains or losses other
than those statcd above. All amounts above rela1¢ to continuing ULEivities. The attached notes forn) part of the finAn¢iul
Statements.
SUMMARY INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31 MARCH 2025
21)25
2024
INCOME
324215
1210,6911
113.524
6,686
120,2111
181,4140
{188.5181
-7,078
3,660
,418
T(wfAL EXPENDITURE
OPERATING INCOMEI(DEFICIT)
Inteffst receivable and similar income
NET INCOME I (EXPENDITURE)

THE FURZEDOWN PROJECT
BALANCE SHEET
31 MARCH 2025
2025
2024
FIXED ASSETS
Note
Tan8Lble A55ets
8209
4.721
CURRENT ASSETS
Debiort
Cash at bank and in hand
12
33,613
235 895
269A08
2,221
171595
173,816
LIABILITIES:
Deferred Income
19,9L>JI
422
CredilOT5'. Amounts falling duc within one year
13
-20J22
.41,353
NET CURRENT ASSETS
249 186
132 463
TOTAL
ASSET8
LIABILITIES
LESS
CURRENT
257
TOTAL NET ASSETS
FUNDS
Rc5tricted iTwm¢ fvnd5
14
128.082
31,676
3,126
Dcsignated Funds
Unrestricied income fiJnds
14
13,117
116 196
TotAI
The charitable Company is entitled to exemption from audit under S¢ction 477 of the Companies Act 2006 for the year ended
31 March 2025.
The members have not required thc company to obtain an audit of its fin8n¢ial statements for the year ended 31 March 2023
in a￿rdanc¢ with Section 476 of the Companies Act 2006.
The Trustees acknowledge their r¢sponsibililies for
(a) ensuring that the charitablc company keeps accounting reLords that comply with Scctions 386 and 387 of the
Companies Act 2006 and
(b) preparing financial statements which give a twe and fair view of the state of the charitable company as ai the end
of each finanLi#l year and of its surplus or deficit for each financial year in accord8nce with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the
Companics Act 2006
rclating to financial statement5, 50 far as applicable to the charitable company.
Thc financial statements have been preparcd in accordance with the special provisions for small companies under Partl 5 of
the Companics Act 2006.These financial statements were approvcd by the Board of Trustees on
Li2 Say¢¢
Chair of Tru%iees
TPDGna
Company Secretary
Company registration no. 03662469
The attached notes fomi part of the financial statements.

THE FURZEDOWN PROJECT
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES
Genernl Informatlon And Basis of aecountlng
The charity constitutes a public benefit entiry as defined by FRS 102. The finAncial statements have been prepared in
accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice (Second Edition) applicable to
charitics prcparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) i55u¢d on October 2019. the Financial Rcporting Standard applicable in the Unitcd Kingdom alld Rcpublie
of Ir¢land (FRS 102), the Charities Act 201 l. the Cortlpanics ALI 2006 and UK Generally Accept¢d PraLtILC as It applies from
January 2022. Assets and lidbilities are iniLially re¢OgniS￿ at historical ¢osl or Irdnsaction valu¢ unless otherwise staled in the
rclcvant accounting policy or note.
Fund accounting
Unrcstricted funds &re available for use at the discretion of the tNstees in further8n¢¢ of
the general objectivcs of the charity and which have not been designated for other purposes. Designated funds are unrestricted
funds camiarked by the Management Committee for particular purposes. Restricted funds are subjected to specific restrictions
on thcir expenditure imposed by the donor or through the lem)s of an appeal.
Cash tlow statement
The trustees have taken advanla8e of the exemption under Charities SORP (FRS102) from including a cash flow statement in
the financial $tRtements on ihe grounds that the company 15 small.
In¢ome
All income is recognised in the statement of financial activitieg when the charity is cntitlcd to, and virtually certain to
receive, the incvme and the amount ¢an be quanlifi¢d with rcasonable accuracy. Thc followin8 policics are applicd lo
particular Lale¥urieb of inLome. In cases where grants overlap thc year end. revertue is apportioned on an accrual basis.
Voluntary income is received by way of grants, legacies, donations and gifts and is included in ￿11 in the StatLment of
Finmncial Activities when receivable. Grants, wher¢ ¢ntiil¢mcnl is not condilronal on thc dclivcry of a spccific pcrfom)ancc
by th¢ Charity, are recogni%ed when the Lharity becomes unconditionally entitled to the grant. Grants, where related to
perforniancc and specific dcliverables, are aLcounted for as the charity earns the right to consideration by ils perfomiance.
For Icgacies, entitlement 15 the earlier of the charity being notified of an impending distribution or thc legacy bcins received.
At this point incoTne is recogni8¢d.
On oeeasion legaLies will be notified to th¢ charity how¢v¢r it is not possibl¢ to measurc th¢ amount cxpcctcd to bc
distributed. On thebe o¢¢a4ions. the legacy is ireaied as a contingeni asset and disclosed.
Investmcnt income 15 included when receivable.
Incomin8 resources from charitable trading activity are llceounted for when ellrned.
Other incoming resources r¢lale to incom¢ not cla8Siticd in aT]y of the above categories.
Resources expended
Expenditur¢ is r¢¢ognised on an ac¢rual basis as a liability is incurred. Expcrkditure includcs
any V AT which cannot be fully recovered. and is reported a5 part of the expenditure lo which
it rclates:
Costs of generating funds comprise the costs associated with attracting voluntary income.
Churitable expenditure ¢omprises those ¢osis incurred by the charity in thc dclivery of
118 activities and services for its ben¢fi¢iariEs. It includes both ¢osts (hat ¢an be
allocatcd dircctly to such activities and those costs of an indirect nature necessary to
8UPTXbrt them.
Governance costs include those costs associated with meettng the constitutional and
st&tulory requirements of the Charity and include th¢ audit fees and cost5 linkcd to the
strategic management of the charity.
All Costs are alloc&ted b¢twe¢n the ¢xp¢nditure cal¢gories of the SOFA on 8 basis designed to refiect th¢ use of the resource.
Costs relating lo a particular activity are allocated directly, others are apportioned on an appropriate basis based on estimated
time or use.

THE FURZEDOWN PROJECT
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
OperatlTrg leases
Rentals applicable to operating leases where subslaniially all of ihe benefits and risks of
ownership remain with the lessor are charged against profits on a straight line basis over th¢
pcriod of the I&￿t.
TgnElble Fixed assets
All fixed assets are initially recorded at cost.
Depreclation
Depreciation is calculated so as to write off the coyt of an asset, less it5 &Stimated residual value, over the useful economic lifc
of that assct as follows..
OtTice Equipment:
25 D/0 Reducing balance
Furniture and Fillings:
25 % Reducing balance
Motor Vehicles..
20 % Strnight line
IT Hardware and Softwar¢: 33.3 % Strdight Lin¢
Debtors and ereditors ree¢ivablelp¥yJble wlthln one year
Dcbiors and creditors with no staled interest rate and receivable or payable within one year are recorded at transaction pricc.
Any losses arising from impaimicnt are reeognised in expenditure.
Provl8lons
Provisions are recognised when the charity has an oblisation al the balance sheet date as a result of a past cvcnl. it is probablc
th81 an outflow of ecortomic bcncfils will be required in settlement and the amount can be reliably estimated.
Employee beneflts
The charity opwat¢s a dCfJn￿ contribution plan for the benefit of its employees. Contributions are expensed as they bccome
payable.
Tax
The charity is an exempt charity within the meaning of sch¢dule 3 of Ihc Charities Act 2011 and is considered lo pass thc tcsls
sel out in Paragraph I S¢hcdulc 6 Finance Act 2010 and thereforc it meet5 the definition of a charitable company for UK
corporation tax purposes.
Golng coneerft
The financial statements have been prcparcd on a going concern basis as the tTUStees believe that no material uncertainties
exist. The trusteeq have considErrd the level of funds hcld and the expectcd Icvcl ot income and expenditure for 12 monihs
from authorising thes¢ financial statements. The bud8¢ted income and expenditure is suffi¢ienl with the level of reserves for
th¢ charity to be able to continue as a going concern.

THE FURZEDOWN PROJECT
NOTES TO THE FINANCIAL STATEMEIYTS
YEAR ENDED 31 MARCH 2025
2. INCOME FROM DONATIONS, GRANTS AND LEGACIES
Unrestrleted Restrlcted 21125 Total 2(124 Total
DonAtion$:
Donations & Gift Aid
Legacies
Grants recelvable:
17,903
17,722
35.625
22,307
16.003
Wandsworth Borough Council Contract
Wandsworth Borough Council Keep Fit
Grants Outreach Seryice IRESTRICTEDI
Grants Swlmming IRESTf(IcrEDI
Grants Happine55 Programme IRESTRICTEDI
Grant5 Wlnter Engagernent IRESTRICTEDI
Grant LGBT Event FacSlltator IRESTRICTEDI
Grants & Oonations Minlbus IRESTRICTEDI
Wandsworth Boruugh Council Warm Space5 [RESTRicfED]
Grants National Lottery Community Fund -Gardenlng REsTRI￿E0]
Groundwork London Grant Ire5trlctedl
Grants- Oihcr
Sponsorshlp:
Membership Fe
63.767
i 0,000
41.850
3,000
5,473
2,902
8.860
60,653
10,212
19,900
5.000
63.767
i 0,000
41.850
3,000
5,473
2,902
8.860
60.653
10212
19,900
5.IM)O
62.894
12,420
9,681
21.330
1.738
5.570
23,473
5.570
272,812
2.885
149,258
Total
249,339
3. INCOME FROM CHARITABLE ACTIVITIES
Unrejtricte
Reitriete
Total
Fund8
2025
Total
FuDds
2024
Fundi
Funds
Shop Income
Fundraisin8 Events
Other Activities.. Fees
767.00
767
764
3,633
25,715
3633
2417
25715
18802
Other Activities - Exewi5¢ Classes
11.795
11795
6682
Other Activities- Raffles
Other Activities
203
1.611
31.929
203
4415
46.528
297
846
29,808
2,804
14,599
Total
4. INVESTMENT INCOME
Unrestrlcted
Funds
Restrlcted
Funds
Total Funds
2025
Total Funds
2024
Bank interest receivable- deposits
6,686
io

THE FURZEDOWN PROJECT
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
S. OTHER INCOME
Unrestrlcted Restrlcted
Total
Funds
2025
Total
Funds
2024
Fund$
Funds
Trips
Transport
Hire of Premises
340
96
6.250
6,686
334
20
2,020
2J74
6250
6.686
To¢al
6. EXPENDITURE ANALYSIS: COSTS OF CHARITABLE ACTIVITES BY EXPENSE TYPE
UDrestrlcted Regtrlcted
Totil
Funds
Total
Funds
2025
2025
202S
2024
Costs of activities, salarie4 accounting and other costs
Office costs
Administration costs
Volunteer expenses
11.432
20,508
1.389
1,600
34,929
135,621
4.483
27.420
10
167,533
147,053
24.990
28.809
1,610
202,462
140.582
24.235
15.927
1,261
182,005
Total
7. EXPENDITURE ANALYSIS: GOVERNANCE COSTS
2025 2025 Total 2024 To¢*1
Salaries
Independent Examiner's Fees
Financial Costs
5,828
1,850
551
&229
5,828
1,850
551
8,229
4,500
1,750
263
51J
Salaries rw¢s¢nt the ¢stimated time spent on governance matters. All other costs are expenditure directly attribul&ble to
governance.
li

THE FURZEDOWN PROJECT
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
8. NET INCOME I EXPENDITURE FOR THE YEAR
This is stated after charging
2025
2024
Operating Lease renta15
Staff pension contributions
Depreciation of tangible fixed assets
Independent Examiner's fees for review of the financial statements
17,927
3,269
2.736
1.850
9,651
2.282
1.574
1,750
9. TRUSTEE REMUNERATION AND EXPENSES.
No Trustee received any remuneration for the year ending 31 March 2025 (2024.. Nil).
10. STAFF COSTS AND EMOLUMENTS
TotAI staff costs were ai follows:
2025
2024
Wages and S8larie5
Social Security Cost
Pension costs
87,695
6,890
3.269
97,854
84,386
1,652
2.282
88J20
Pension costs represent the employer's contribution (5 /0 of salary) to the Stakeholder Pension Scheme managed by the Co-
operative Insurance Society in respect of two members of staff.
10. ST AFF COSTS AND EMOLUMENTS (conlinued)
Partlculars of employeo:
The averag¢ number of employees during the year. calculated on the basis of fijll-time equivalenl wa5 as follows..
2025
2024
Number of administrative staff
The actual monthly number of employees during the year was as follows:
2024
No.
2023
No.
No employee receivd emoluments of mor¢ than £60.000 during the year (2024- Nil)
12

THE FURZEDOWN PROJECT
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
11. TANCIBLE FIXED ASSETS
Equlpment
Fumlture&
Flttln
IT Hard￿re
& Software
TotAI
COST
At April 2024
Additions
Disposals
At 31 Mareb 2025
21.735
3.247
37,977
2,977
33,279
47.155
140,146
6,224
33.279
179.649
33,279
60.558
24,982
40,954
47,155
DEPRECIATION
Ai April 2024
Additions
Disposals
At31 March 2025
18.731
1.562
36,260
1,174
33,279
47,155
131425
2,736
33,279
171,440
33,279
66,558
20,293
37,434
47,155
NET BOOK VALUE
At 31 March 2025
4,689
3,520
8,209
At 31 March 2024
3,(M)4
1,717
4,721
All assets above are used for charitable purposes.
12. DEBTORS
2025
2024
Prepayments
Other Debtors
4,079
2.221
13. CREDITORS: Amounts falllng due withln one year
2025
2024
Def¢￿ed Income
Taxation and Soci￿ security
Accruals, Creditors
9.900
267
30,112
4.690
551
13

THE FURZEDOWN PROJECT
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
14. MOVEMENT IN FUNDS
Balance at
IncomlThg
l Aprll 2024 Resollrces
Outgoing
Resources
Balance at 31
MArch 2025
Transfers
Restrlcted Fund- Wandsworth B C Contr&et
Restrlcted Fund- Keep Fit CIAss¢s
Retrieted Fund Outreach
Re5trlcted Fund- Warm S
Restrlcted Fund- NLCF G•rdenln
Restricted Fuud - A eln
Well
Restricted Fund- Swlmmlng
Restricted Fund- Happlness
Restricted Fund - Wlnter EngA¥ement
Re5trlcted Fund - Walklng & Cycling
Restrlcted Fund - Minibus
Des1
n8ted Fund- Redundanc
Unrestricted
28.128
1,187
63.767
21.795
41.850
10,212
19.900
11.380
3.284
5.473
2.901
5.OOU
78.375
(70.113)
21,782
4,471
6,634)
Sa19
8,522
1,858
3,152
4,315
1,970
4,952
78,375
13,117
116,196
(48.484)
17,7801
110.8531
(9.522)
1132)
aces
2,887
-525
19311
148)
3.126
102 382
9.991
{9.9911
143.158)
Purpose of Restrlcted Funds: EAeh restricted project to be descrlbed In more dttall belo
WAndsworth B C Contract: The purpose of the Wandsworth Borough council contract IS to ensure that the Lharity is able io
providc a range of services to the local elderly community so that thcir wcllbeing and open day acces5 serviLCS l activities ar¢
available ¢0 lh¢ local community.
Keep Flt Classes: The Keep Fil classes fund aims lo provide excrLise and gencral w¢ll-being ¢lasS￿ to the community as part
of a hcalthy lifestyle.
Outreach Fund: Grants from Wimbledon Foundation And Wandgworth CAre Alllqnce to befrlend an support the
lsolattd and homebound old people.
Warm Spaces: Grantg from the Councll to provlde support to members of the communlty f4¢ed wlih Increase in the
C05t of fuel and food.
Swimmlng: Grant frorn the Fleld Flmlly Charlt9ble Trust to support to support members Intere$t¢d in swimmlng.
Happlness: Grant from the Hedly Foundatlon to support members 5ufferlng from dementla.
Wlnter Engagement: Grant from Wandsworth Care Alllan¢e to advlse and help member5 to keep warm durlng the
cold weatherl
Walking Ind Cycling: Grant from the London Mayor's Ground Work Fund to eneourage mernbers to engage in
regular Ivalking.
Minibus Fund: Grants and donatlon5 to replgce the stolen minibus.
Designated Fund: Funds transferred from the Unrestrlcted Reserves to meet commitments in the event of any staff
redundancy.
14

THE FURZEDOWN PROJECT
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
14. MOVEMENT IN FUNDS (coniiniied)
Purpose of De51gnated fund:
Redundoncy fund: Due to the charity's dependency on grants as its main source oFincoming reSoU￿es, the charity has ensurcd
there are available designated ￿ndS to ensure that in th¢ unfortunate event of redundancy> th¢ Charity has available designated
reservcs to ensure payment.
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Fund balances At 31 March 2025 are represented by:
General Deslgnated Restrleted
Funds
Fund
Fund
Totfdl
8,208
8,208
Current Assets
Current Liabilities
128.309
128,082
269.509
126095
25
Fund balances At 31 March 2024 Are rePr￿ented by:
GenerAI
Funds
DesignAted
Fund
Re5trlcted
Fund
Total
Tangible Fixed Assets
Current Assets
Cu￿ent Liabilities
4.721
139,014
4,721
173.816
3,126
31.676
15. Analysls of cash and cA&h equlvilentg
At l Aprll 2024
£171.595
Cash flows
£64.300
At 31 March 2025
£235.895
Cash at bank and in hand
l6.
Deferred Income
£ 9.900 of Ihc Outr¢a¢h grant from the Wandsworth Care Alliance relating lo the period aftw Ihc ycar-cnd is re¢ognised as
Deferred Income as required undcr Ihc accrual basi5 of accounting and 15 included in Crcditors in the Balance Sheet
17. Penslons and other post-retlrement beneflts
Defined contribution pension plans
Th¢ charity opffate5 a d¢fincd contribution pension plan fr*r its employees. The amount recagnised as an cxPcn￿ in the
p¢riod was £ 3,269 (2024 - £ 2,282)
18. Related pArty transaction$
There are no related party transactions during the p¢riod £nil (2023: £ nil).
15