# **Melton & District Furniture Project Annual report 2022/2023** Registered charity number: 1086010 Company Registration Number: 4105094 1 ## **Location & Contact Information** ## **Address** The warehouse 3B Park Road Melton Mowbray Leicestershire LE13 1TT **Telephone number** 01664 410380 ## **E-mail address** melton@meltonfurnitureproject.co.uk ## **Website address** www.meltonfurnitureproject.co.uk **Facebook page website address** www.facebook.com/mdfp1987 2 **----- Start of picture text -----**
||| |---|---| |Contents| |Chairmans Report|Page 4| |CEO Report|Page 4| |Company Report|Page 5| |Achievements & Performances|Page 6| |Structure, Governance & Management|Page 7| |Trustees And Staff|Page 8| |Statement Of Intent|Page 9| |Training|Page 10| |People Involved|Page 12| |Statistics|Page 13| |Main Objectives|Page14| |Statement Of The Financial Year|Page 16| |Balance Sheet|Page 17| **----- End of picture text -----**
3 ## **Chief Executive Officer And Chairman’s Report.** The project has been very busy this year and we have helped many families and individuals who are in need and we fulfilled our referral system requirements, also to people who drop in to access items they require. Our new volunteers and long term volunteers have done very, very well and we could not operate without them. Also we must thank our hard working staff. They have been very proactive and have steered the project into a healthy position, we thank the board for their valued input. They welcomed a new member. A big thank you to the communities of Melton, Melton District and Rutland for their continued donations and support. Their continued donations of many assorted items helps us do our much needed work. This also gives preloved furniture, household goods and small electrical items a new home to many who may not have resources to purchase new items. We had to replace our large heater / boiler which took some reserves but unfortunately it had to be done. We look forward to 2023/2024 and we hope we will continue to be an asset to the Melton Borough and Rutland County Council who continue to support us in our work. Our new council representative is Councillor Malise Graham MBE and we would like to welcome him along. He is proud of the project and all we do. I hope you find this annual report interesting and a window into what we do. Mrs Angela Dawson Mr Ivor Ruddle CEO Chairman 4 ## **Company Report** ## **Project Report on Behalf Of The Directors** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statement of the charity for the year ended 31st March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2015). ## **Objectives & Activities** ## **Objectivities & Aims** The company is a charity and its objectives are to assist, either generally or individually, persons resident in the borough of Melton District and Rutland County Council who are in conditions of need, hardship and distress: - the provision of furniture and other household accessories calculated to reduce the need, hardship of such persons; and - the relief of unemployment by provision of training, advice and support. To achieve these objectives, the company operates a furniture recycling project utilising the services of volunteers and trainees on placement schemes. Furniture and household items are collected from all over the Melton Borough and County of Rutland, cleaned and restored as necessary and re-distributed to qualifying people in the area. At the same time volunteers and trainees receive experience and instruction in dealing with the public, handling goods and warehouse duties and office responsibilities. The directors have taken due account of the guidelines laid down by the Charity Commission in meeting the requirements as described in principles 1 and 2 regarding identifiable public benefits and feel that this Project meets with them. This Project additionally assists the donating public to make a significant contribution to the local authority targets in its area of benefit to meet their “waste stream” obligations. 5 ## **Achievements & Performances** ## **Charitable activities** Total incoming resources for the year amounted to £95,163 with total resources expended of £89,252 resulting in net incoming resources of £5,911 (2021: net incoming resources of £19,101). The total value of services provided by volunteers and work experience placements has not been included, but is calculated to be in the region of £42,960 for the year. General reserves stood at £61,643 at 31 March 2023. The Rutland Project showed net outgoing resources for the year with no balance brought forward therefore gave rise to the transfer from the general fund to support it. The directors are looking at ways to improve the position of the Rutland Project including grants available and improving awareness in the area. ## **Financial Review** ## **Investment Policy & Objectives** The directors have considered the most appropriate policy for investing funds and maintain high interest bank accounts for this purpose. ## **Reserves Policy** The directors have established a policy whereby reserves are set aside for capital asset replacement for staff costs in case emergency cover is required, and for redundancies. A current account is used for online banking. 6 ## **Structure, Governance & Management** ## **Governing Document** The charity is controlled by its governing document, a deed of trust and constitutes a limited company, limited by guarantee, as defined by Companies Act 2006. ## **Recruitment & Appointment of New Trustees** The methods adopted for the recruitment of new directors are by seeking from the volunteer pool persons with interest, expertise and / or time to give for this purpose and to actively encourage their participation as directors of the Project. **Members** Members of the charitable company guarantee to contribute an amount not exceeding £10 to the assets of the charitable company in the event of winding up. The total number of such guarantees on 31 March 2023 was 5. **Induction & Training of New Trustees** New directors are given written guidance on trustee duties and responsibilities. Approved by order of the board of trustees and signed on its behalf by: Mr I Ruddle Chairman 7 ## **Trustees and Staff** Melton and District Furniture Project ## **Volunteer voting board members of the board** ## **Chairman** Ivor Ruddle **Company secretary** Merelyn Greaves ## **Directors** Merelyn Greaves Leanda Smalley Gloria Blaney Graham Greaves – Volunteer Representative ## **Bookkeeper** Sarah Amos Foxwise Accountancy limited 22a Burton Street Melton Mowbray Leicestershire LE13 1AF ## **Staff** Chief Executive Officer - Staff Project Manager – 22 hours Driver Assistant – 22 hours Personal Assistant – 8 hours Cleaner – 4 hours **Melton Borough Council Representative member** Councillor – Malise Graham MBE 8 ## **Statement of intent on equal opportunities** The Melton & District Furniture Project recognises that everyone has a contribution to make to our society and a right to equality. We aim to ensure that no job applicant, staff member, volunteer, organisation or individual to whom we provide services will be discriminated against, by us on the grounds of: - - Age; - • Class; • Disability; • Employment status; • Political belief, religion; • Race, colour, nationality, ethnic or national origins; • Sex, marital status, childcare responsibilities; or • Sexuality. ## **Introduction** The project was established in 1987, at a time when the idea of giving pre-loved furniture, household and small electrical items to a second home was sweeping the county. We have gone on to provide thousands of items every year to low income families/individuals, reducing items no longer wanted from going to landfill. We established a referral system, to allow us to work with other charities and help those in dire need who have nothing. Our project has grown over the last three decades, from one person with a van, to a community that welcomes volunteers of varying ages and skills. The Melton Borough Council has funded our project since its conception. We are very grateful that they understand our purpose and values. ## **The Volunteers** Volunteers are at the heart of our project. Without their support we would not be able to function as we do. Our volunteers have varied backgrounds. We have volunteers with learning challenges, mental health issues, drug and alcohol dependency and other disabilities. We are able to provide training for our valued volunteers to aid them in getting back into paid employment or offer them a place of sanctuary and a chance to excel in a safe environment with a friendly team of colleagues. For some this is their only social interaction and we pride ourselves on forming a community where everyone is welcome and feel part of the team. 9 It is an honour to welcome those who wish to give their time from wherever they are in life. Our aim will always be to encourage and give opportunity to those who need it. ## **Training** Many of the long-standing volunteers ‘buddy train’ our new starters in the roles they wish to do at the project. We always encourage them to try every department. We offer training and experience in:- ## **Warehouse** Retail / sales / using tills / filling in forms / interacting with customers / locating and selling items / answering enquiries / marking items that are sold (these are coloured coded for anyone facing any challenges.) ## **Bric a brac department** Bric a brac shop sales / calculating totals / wrapping items / answering enquiries / pricing items / sorting out items for sale / cash handling. ## **Reception** Taking money from customers (cash handling) / arranging delivery dates / using a Barclaycard machine / some village delivery/ colour coordinated red/blue delivery data base usage. Telephone answering / using phones for arranging collections / taught how to speak to customers / using collection data base / 4 weekly wipe delivery board for vehicle and volunteers to use to arrange routes. ## **Office duties** Photocopying / composing letters on a laptop / filing paper work / designing forms. Volunteers can also assist with helping with petty cash book / testing electrical items / sorting and pricing bric a brac items / sweeping and polishing / tidying the unit. ## **Vehicle** Driving the vehicle / assisting / introducing themselves to the public / interacting with the public / ensuring correct trained manual handling / following polices. 10 ## **The project will help with: -** - Building confidence - Offer support - Reduce isolation - Improve skills - Offer learning opportunities - Offer help and advice with access to work and references - Increase help in the community - Provide more opportunities for people to socialise - Above all a reason to get up and go out where they are valued as a person. ## **Job centre** We work very closely with the Job Centre and have a good working relationship with their job coaches. Sometimes we receive referrals for those who are unemployed to experience volunteering as a starting point to gaining paid employment. We can provide training for this as well as an opportunity to learn new skills or develop current skills further. We also help with references if they need one. Many of our volunteers have been successful in finding work with our help and our partners ## **Statistics** If volunteers were paid £15 an hour, they have saved the funding stream £133,785 in unpaid work and given their skills and commitment over the April 1st 2021 to 31st March 2023 period. Our volunteers gave every hour for free. They work hard and endure stress at times but they all believe in, ‘Working for a common goal-The community’. 11 ## **Those involved with the Melton & district furniture Project During 2022/2023 Current volunteers** Darren Mclean Ivor Ruddle Neil Close Merelyn Greaves Scott Cooper Gloria Blaney Leanda Smalley Fran Hearn Darren Hazelwood Barbara Mortimer Anne Cheeseman Aaron Jackson Christine Scott Michael Matts Michael Hudson **Volunteers who joined us** Mo Monks Josh Ogden Sharon Jackson **Volunteers who moved on** Scott Hudson Gemma Wright Shannon Nugent Bethany Blatherwick Nick Coutts Josh Ogden **Outcomes** We have 3 first aiders, 2 health and safety, 2 fire marshals and 1 volunteer representative. 12 **----- Start of picture text -----**
Statistics
month Volunteer Items total Items Rutland Melton
hours collected deliveries sold millage mileage
April 2022 638 339 96 231 186 456
May 2022 703 227 102 258 127 368
June 2022 814 467 98 276 264 387
July 2022 681 285 129 313 141 475
August 851 334 88 329 271 469
2022
September 823 364 105 321 138 496
2022
October 789 333 89 363 203 418
2022
November 860 362 130 355 251 452
2022
December 564 148 134 281 106 363
2022
January 658 238 87 326 208 479
2023
February 755 267 129 313 185 337
2023
March 783 305 178 415 189 503
2023
Total 8919 3669 1503 3781 2269 5195
**----- End of picture text -----**
Unable to produce tonnage of items saved from landfill due to new form used for recycling credits, it goes by how many items now. 13 ## **Main objectives of the organisation** To relieve either generally or individually, persons who reside in the Borough of Melton and the County of Rutland (areas of benefit) who are in need, due to hardship or distress, by : - - Providing furniture and other household accessories, including electrical appliances, which in turn reduce landfill and offer the residents of both an alternative to tipping thus reducing potential pollution and waste. - • Relieving the needs of hardship or distress of such persons in need by providing furniture, household accessories and bric-a-brac. A referral scheme which is linked into local social service and charity providers. It ensures help is available for the neediest to access this as an emergency service. - The relief of unemployment by the provision of work experience, training, support, guidance and help back into work. - • To provide a supportive educational environment for special needs, mental health and other groups who for any reason have a temporary or permanent inability to maintain an effective role in mainstream employment. ## **Current Services** - Re-use and testing of electrical goods. - Re-use of furniture and household accessories and furnishings. - • Bric-a-brac shop • Volunteer opportunities - Training of volunteers and preparation for work ## **Anticipated Developments** - Build on our training and record keeping - • More training for staff and volunteers - To keep updating the warehouse members of staff - • Continue to apply for further funding for Project running costs - Encourage more Re-use donations - To continue to develop the relationship with Melton Borough Council and Rutland County Council to try to meet their waste stream policy targets - Families and individuals can come in and purchase our items that start at £5 for small furniture items, i.e. coffee tables. We aim to provide a service in which our clients are able to experience a shop/retail environment. 14 Many people on benefits or low income lose the ability to choose. We ensure that when they enter, they are feeling like they are entering a furniture shop, but the prices are within their range. To better advertise our referral systems we emailed our supporters and also sent leaflets and posters. Brand-new three-piece suites can be too much for some individuals/families to afford and due to the amazing support we receive, we are able to offer them with prices starting from £50. In order to maintain this we do not make profit at the end of each year. Our prices reflect what we are able to budget for each year and by doing so our Committee insist we are following our core aims. We have been able to help 2,769 individuals and families to access low cost items, reducing waste and offering an alternative for those on low income. 15 ## **Melton and District Furniture Project Statement of Financial Activities for the year ended** ## **31 MARCH 2023** |**Incoming Resources**
**Incoming and endowments**
**from**
Donations and Legacies
1
Other trading activities
2
Investment Income
3
**Resources Expended**
**Costs of Generating Funds**
Establishment expenses
Staff costs
Vehicle running costs
Volunteer / placement costs
Administration
Cost of goods sold
**Total Resources Expended**
**Net Income/(Expenditure)**
**Reconciliation of Funds**
**Total funds brought forward**
**Total funds carried forward**|**2023**
**2022**
**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
£
£
£
£
6377
6,800
13,177
9410
85080
14,773
99,853
85748
66
0
66
5| |---|---| ||91523
21573
113096
95163| ||29702
5242
34944
24722
42378
4,920
47298
44787
6550
2,598
9148
6133
3,398
600
3997
2753
14,429
2,410
16839
10857
0
0
0
0| ||**96,457**
**15,770**
**112,227**
**89,252**| ||| ||**-4,933**
**5,803**
**869**
**5,911**| ||**36,075**
**25,569**
**61,644**
**55,732**| ||**31,142**
**31,372**
**62,513**
**61,643**| ## **CONTINUING OPERATIONS** All income and expenditure has arisen from continuing activities. 16 ` ## **Melton and District Furniture Project Balance Sheet as at 31 March 2023** |**Fixed Assets**
Notes
Tangible Assets
8
**Current Assets**
Debtors
9
Cash at bank and in hand
**Current Liabilities**
Creditors - amounts falling
due within one year
**Net Current Assets**
**Total Net Assets**
**Funds**
**Unrestricted**
**Restricted**
**Total Funds**|**2023**
**2022**
**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
3681
0
3681
4691|**2023**
**2022**
**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
3681
0
3681
4691| |---|---|---| ||0
0
0
830
39240
20356
59596
56875|| ||39240
20356
59596
57705|| ||763
0
763
750|| ||38478
20356
58834
56954|| |||| ||**42159**
**20356**
**62513**
**61643**
42,159
41,289
20,356
20,356
**62513**
**61,643**|| |||**62513**
**61,643**| 17 Company No 04105094 Melton and Dlstrlrt Fumlture Prolert Trustees, Report and Financial Statements For the year ended 31 March 2023 Charlty No 1086010 Melton and District Furniture Projert Contents of the Flnanclal Statements for the year ended 31 March 2022 Pa Trustees. Report 24 Independent Examinerfs Report Statement of Financial ktivities Balance Sheet Notes formln8 Part ol the Financial Stattments 8.14 Oetsiled Statement ol Financial Activities 15-16 Melton and Dlstylrt Furnlture Projert Rèport of thé Trustets for the yèar Ènded 31 Marth 2023 The Trustees present their report and financial statements for the year ended 31 March 2023. Reference and Administrative information Charity Name Charity Registration Number Operational Addre55 & Trust Omice Melton and District Furniture Project 1086010 The Warehouse 3b Park Road Park Road Meiion Mowbrav LE13 1 Trustees Trustee5 as at 31 March 2023 Mr l Ryddle Mrs A S Ruédle Mrs G Blanev Mrs L Smalley Mr G Greave5 Mrs M Greaves Mr5 F Hearn Ind nd nt Exarnln Foxwise Accountancy Ltd. 22a Burton StreeL Melton Mowbray. Leics LE13 IAF Bankers 8arclays Bank PIC Wilton Road MÈlton Mowbrav Leicestershire LE13 OIZ Melton and Dlstrlrt Furnlture Prolect Trustee Rèport 2023 The trusteès who are also the dlrÈrtor* of the tN4fity the purposes ol Cnrnpan￿S Act 2006, prèsent their report with finantial ststements of charity for the yeac ended 31 Marth 2023. The trustees have adopted the provisions of Accountiry and Rep￿Ing by Charffie5'. Statement of Recommended Practice applicable to charities preparing their a[cL￿nts ID accordance with the Financial ReportinB standard applicable in tl* UK Republic ol Ireland IFRS 1021 leffettive l Janvary 20151- OBJECTWES AND ACTIVlnES OblectlVe5 and alms The company is a eharity and ￿ objects a￿ to relieve. either Renerèlly or jndryidually. persons resident in the borough of Melton Dis¢rici and Rulland County Council who are in a ctr)dition of need, hardship ènd d15tress arising therefrom bv:_ the provislon of ￿r￿luIe and other hovsehdd accessories calcLdateO to reduce the need. hardshlp or distress of Such persons". and the relief of unemployrneDt by the prtrrflslcv) of tralnln& advke and support. To achieve these object￿e5. Ihe c(Kmpany opera*s a fumlture recyclln8 project. ul111￿ne the servlce of volunreer5 and trainee5 on placement schemes. Furniture and h￿sehrAd Items are crAlected from all over the MeltOD 8orou8h and County ol Rulland. cleaned and restored Js necessary and re-d15tributed to Qualifying people in ihe èrea. A¢ the same time, vdvnteers and tsait)ees receive experience and Instrucrion on deallnÉ v4ith the pvbli<. hanolity ety)ds warehouse duties. office responsibllitles. The directors have taken due account ol the luidance laid down by the Charity Commission In rneeting the requirement5 as de5tribÈd in printiples l and 2 rtyrdinÉ Hlentifiablè publi¢ benèfit5 •nd feèl that this P¢oject meets wth them The fvoject addili(x)alty assists the tlonatini public to make a silnificant crtrlburion 10 ihe local tarws. in fts area of benefir. io rneet their'water stream. obll8atlon5. ACHIEVEMENT AND PERFORMANCE (hirftable artfvitles Total incomin8 rewvrtes for Ihe year amounted to E113.1)96 with rotal ￿soUrCeS expended of EIL2.226 resulting In net Incomlng resources 01 É869 12022.. net Incomin8 resources of £59111. The total value of services prowded by volunteers and wcrfk experience plKement5 ha5 riot been included, but is calculated to ￿ in the region of É92936 for the year. General reserves siood ai £65074 at 31 Marth 2023. FINANCIAL REVIEW In￿stmenT policy and abjecbves The directors have considered the most approwatt ptslity for invtstin8 fund5 and fflalntain hi8h Interest bank accounts for this purpose. Resevve5 poIIcv The directors have established a policy whereby reser¥e5 are set aside for capital asset replacement, for staff rosts im case emergenty Cover is oquirtd •nd for redurMl•ncies. STRUOURE. GQVERNANQ AND MANAGMENT Governln8 document The charity 15 Controlled by rt5 8overDIDg d(KumenL a deed of trust. aThJ con5tstute5 a limited company, ljmited by gvarantee. a5 delined by the Companie5 Ad 2Q)6. Recruitment and appL¥nimeni ol new trustt The method adopted for ihe recrultment and appointment of new directors are by seekin8 from the volunteer pool person5 Vnth Interest. expertise andlor tirne to yjve for thi5 pufpD5e aDd to actively encoura8e ihelr parti¢ip•tky) as dirertors in ProjecL Members Nember5 of the charrtats￿ ccThpany zuaranteeto contribute an amount not exceeding £10 to the assets of the chailta￿e wmpany the event of wndirtg up. The total nL¥hber of such guararttees at 31 March 2023 wa$ 7. Indudloth •*d tralnlni d new irusttes New diredors are wven written 8uidance on twstee duties responsit*lities. REFERENCE AND ADMINISTRAnON DEfAILS Re8lStered CoThpJny Number 04105094 IEn8land and Wale51 Slgned by Mr l Ruddle- Trustee Independent Examlnerfs Report on the Accounts of Mélton and Di5tritt Furniture Projtrt We report to the charity trustees on the examination of the accounts of the Company for the year ended 31 March 2023 Re5pecliwe re5ponsibilitie5 of Trustees and Exarn￿er The charity's trustee5 are responsible lor the preparation of the accounts. The charitvs trustee5 consider that an audSt is not required for this year uniler sertion 144 of rhe Charft5es Acr 2011 l-the Charities ACVI and that èn independent examination is needed. It is our responsibility to Examine the accounts (under Seciion 145 of ihe Charities Act) to follow the procedures laid down by the general directions 8iven by the Charity Cornmission lunder Section 145 Ibl of the Charifies Actl. and ro slate whether particular matters have come ro our attention. 8as15 01 Independerrt Examlnerfs Statement Our examinatlon was carried out in accordance with Beneral directions given by the Charifies Commission. An examination includes a ￿VIeW of the accounting records kept by the charity and a comparison of the accounts presented with those record5. It also nelude5 Consideration of any unusual item5 or disc105ure5 in the account and 5eekin8 explanations from the Trustees concerning any SLKh matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is gbven as to whether the accounts present a true and fair view, and the report is lirnited to those matters Sel out in the stalement below. Irbdependenl Examlnerfs ststernerrt In the ctyjrse of our examination no matter has come to our attention which gives us reasonable cause to believe that in any material respe¢ the trustees have not met the requirements io ensure that proper accounting records are kept in accoréance with Settion 130 of the Charities Act and accounts are prepared which aBree with rhe acctyJTrung records and comply with the accounting requirements of the Act. ro which in our opinion attention should be drawn In order to enable a proper understanding of the account5 to be reached. Foxwise Accountsncy Ltd.,22a Burton Street. Mell¢Jn Mowbrayi ieir5 iE13 IAF Melton and District Furniture Project Statement of Financial Actr¥ities for the year ended 31 MARCH 2023 2023 Total Funds 2022 Total Fund$ Unrestricted Restricted Funds Funds Incomln Resources Incomln8 and endowments from Donations and LeEacies Other trading activities Investment Income 6377 8S080 6,800 14.773 13,177 99,853 66 9410 85748 91523 21573 113096 95163 Resource5 Ex ended Costs of GeneratSn8 Funds Establishmènt expenses staff costs Vehicle running costs Volunteer I placement Costs Administraiion Cosi of goods sold 29702 42378 6550 3,398 14,429 5242 4,920 2,598 600 2,410 34944 47298 9148 3997 16839 24722 44787 6133 2753 10857 Toial Resourc•s Expend•d 96,457 15.770 112,227 89,252 Net IncomellExpendlturel 4.933 5.803 869 5,911 Recont115atlon of Funds Total funds brought fon¥ard 36.075 25.569 61.644 55.732 Total funds Carri￿ forward 31,142 31.372 62,513 61,643 CONTINUING OPERATIONS All Income and expenditure has arisen from continuing activities. Il•llW •nd D￿￿¢1 prr￿￿t BoL•nc• Sh••t as at 31 March 2023 Z023 Total Fur4Js 20 Total Funds UnrOStrl¢t•d Restyirted FuNd* ds Flxed Assets Tangl￿e Assets Notes 3681 3681 4691 Current Assets DEbtors Cash at bank and in hand 830 56875 39240 20356 59596 39240 20356 59596 57705 Cuirert Ll¥bllltle5 Ciedilors- arnounts lallini due within one year 763 763 750 Net Current A55ets 38478 20356 56954 Totsi Net Assets 42159 20356 62513 61643 Funds ilnr¢strlrt•4 Aestrlcted 42,159 20,3% 41.289 20,356 Totsl Fund5 62511 61.641 The charitable company 15 eniilled to exemptionfr*)rn •udit under Sectsoh 477 of the Cthhpan￿s Att 2006 for the year ended 31 March 2023. The members ha￿ nol required ihe company lo obtain an audil ol its financial Statements for thè year ended 31 March 2023 it) accord•nce with section 476 of the CompèniesAci 2006. The trustees xkno¥Yled8e their respon￿bill￿ for ensurlni that the chantable Company keeps accountini recorés that compW with Settion 386 and 387 of the C(wMpanies Art 2006 and preparin8 financial siatemenis Which 8ive a irve ènd fèif view of the Stale ol affairs of the charitable company a5 at the end of each financial year and its surplus or deficit lor each financial year in accord•h¢e with the requirements of SÈtlion$ 394 and 395 ond which otherwlse comply With the requiiement% of the C¢￿panIeS Att 2006 relatin8 io finatKial statements, so lar as applicable to the chanlable Comp￿¥. These statements have been prepared In ¥ctydance ￿th the speclal p￿slOn ol Part 15 of the Companies Act 2￿6 relaiin8 ￿ tharitable sThall compènies. The financial state￿ntS were approved by the board of Trvstees orb 20th Jvne 2023artd were siRned on its behalf by.. Mr l Ruddle TrusteE MELTON ANO DISTRicf FURNITURE PROJECT 31 MARCH 2023 COUNTING POLICI 8a5is ol preparing the financial ststernents ThÈsÈ accounts have prepared with the requirements of the charity's 8ovÈrning documÈnt and the provisions of the Statement of Recommended Practice ISORPI, applicable to charities preparing thEir finan¢ial ststÈmènts in a¢¢ordance with the Financial Reportin8 Standard applicable In the UK and Republic of Ireland IFRS 1021 (effective l January 201SI. Income All income is rt(08ni5ed in the Statement of Firbancial Activitie5 once the charity has entiuement to the funds. it is probable that the Income will be received and the amount can be meèsured Expendlture Liabilities are recognised as expenditure as soon as rhere Is ? legal or consirurtive obllgarion committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in setllemeni and the amount ol the obli8ation Can be measured reliably. Expenditure Is accounied for on an accruals basis and has been classilied under headin8S that a8gregate all the cost related lo the cale80ry. Where costs cannot be directly attributed to particular headin85 they h2ve been allocated on a basis consistent with the use of ￿sourCes. Tan8lble flxed assets Depreciation is provided at the followin8 annual rates in order to wrlte off each a55et over It5 esiimated useful life. Equipment Motor Vehicles 25% on reducing balan 25% on reducing balance Taxatlon The charity is exernpt frorn corporation tax on ils tharitable activities. Fund accountin¥ Unrestricted funds can be used in accordance with the charitable objectNes at the discretion of the trustees. Restricted funds can only be used for particular and restricted purp05e5 Wlthin the Charity. Restrictions èrise when specified by the donor or when funds are raised for ￿$tricted purposes. Further explanation ol the nature and purpose of each fund is included in the notes to the financial statements. Pension costs and othÈr post-rÈtiremont bonofhk The charitable company operates defined contributions pension scheme. Contributions payable to the charitable companws pensiori stherne are charged to the Ststement of Financial Activitie5 In the period to which they relate. Melton and Dlstr6rt FurTh￿￿1e Project Notes and Accounting Poli(ies fDr the Year ended 31 March 2023 2 Donatlon8 and Glft8 2023 2021 Don81ions Grants Gift Ahl 21 610 8800 11800 1157 13177 9410 3 oiher Tradln8 Aetl¥fjiles 2023 1022 Self Generated Income Recycllng c￿dItS Covld Grants 98484 1369 84986 762 99853 85748 4 Inve#ment In¢om¢ To Or8anlsatlon5 Deposlt ￿COunt Interest S Net IntomellExpendhuiel Net IncomellExpendlture I 55 stated after charge1n￿{Creditin61 Depreclatlon on own assets Loss cn disposal of fixed asset ioio 1346 6 Trustee Remneratlon Be￿¢$ ¥nd Exp¢nses None for the year ended 31 March 2022 12021 - Nafiel 7 Staff Cosis The average monthly nUm￿r of employees duTin8 the year was No employee ￿eNed emoluments in excess of E65C¥XI Melton and District Furniture Projert Notes and Accountlng Poll¢les for the ￿ar ended 31 M•r¢h ZOIJ Comparatives for the Ststement of Financial Acii¥ities Unrestricted Restricted fvnd5 funds Total funds INCOME AND ENDOWNMENTS FROM Donation5 and legacies 5110 4300 9410 Other trading activities Investment income 730CYJ 12748 85748 Total 78115 17048 95163 EXPENDITURÉ Ofrj Charltable a¢tlviil•s Establishmeni expenses Staff costs Vehitle runnlng costs Volunteer/placemeni costs Administration Cost of good5 sold 21014 39871 4391 2340 9.301 3708 4916 1742 413 1557 24722 44787 6133 2752 10.858 Total 76916 12336 89252 Net IncomellExpendlturel 1198 4712 5911 Reconcllatlon of Funds Funds brought forward Nei Income 34875 1198 20857 4712 55732 5910 Funds Carrled fonAfard 36073 25S69 61642 io Mellon and Di5tricl Furniture Projert Notes and Accoun￿￿% Poncles for the Year ended 31 March 2023 9 Tanzible Fixed Assets Improvements to Property Equipment Total Cosi At l April 2022 11451 29177 40628 At 31 March 2023 11451 29177 40628 Dtpre