Necessary Furniture
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 31 March 2024
The trustees. who are also the directors for the purposes of company law, present their report and the
unaudited financial ststements of the charity for the year ended 31 March 2024.
Reference and administrative details
Registered Charity namo
Necessary Furniture
Charity registration number
1091602
Company registration number 03886547
Principal office and registered 22-26 Bank Street
office
Heme Bay
CT6 SEA
Kent
The trustees
C.C Gay MBE
G.A. Glover
S. Edridge
T. Wallace-sims
W. Rhys-Jones
J. Kennett
R.D. Meredith
Independent examiner
Maxine Gambrill FCCA
22-26 Bank Street
Herne Bay
Kent
CT6 SEA
Structure, governance and management
The organisation is a charitable company limited by guarantee and registered as a charity. The
Directors ( whose liability is limited to £1 ) are also Trustees. The Directors meet regularly as a
Management Committee. Management is govemed by a Memorandum and Articles of Association in
accordance with the Companies Acts.
Objectives and activities
Ne￿SSary Furniture is a charitable organisats'on set up to provide fumiture and household goods for
the disadvantaged wthin the cornrnunity and to redu￿ the volume of useable g￿dS going to landfill.
Achlevements and perfomiance
N￿SSary Furniture (in partnership with the relevant agencies) provides worthwhile jobs and work
experience for unemployed people.

Necessary Furniture
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (continued)
Year ended 31 March 2024
Financial revlew
Our current priority És closely to monitor income and expenditure to keep the Charity on a sound
footing. Recent initiab'ves agreed include the clearance of redundant stock to make way for attractive
display areas and asking donors of furniture. as well as recipients. to make a donation towards running
costs.
Small company provislon5
This rep3rt has been prepared in accordan￿ with the provisK>n5 applicable to companies entitled to
the small companies exemption.
The trustees, annual report was approved on 29 July 2024 and signed on behalf of the b3ard of
trustees by:
C.C Gay MBE
Trustee

COMPANY REGISTRATION NUMBER: 03886547
CHARITY REGISTRATION NUMBER: 1091602
Necessary Furniture
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2024
Chartered CertifEd Accountants
22-26 Bank Street
Herne Bay
Kent
CT6 SEA

Necessary Furniture
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2024
Page
Trustees, annual report (incorporating the directorfs report)
Independent examinerfs report to the trustees
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements
The following pages do not form part of the financial statements
Detailed statement of financial activities
16
Notes to the detailed statement of financial activities
18

Necessary Furniture
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Unrestricted
funds Total funds Total funds
2023
Note
Income and endowments
Donations and legacies
Charitable actr'vits'es
Other trading activities
Investment income
3.102
405,501
1,934
3,941
3,102
405.501
1.934
3,941
2,721
339,675
973
841
Total income
414,478
414,478
344,210
Expenditure
Expenditu￿ on raising funds:
Costs of other trading activities
Expenditure on charitable activities
Other expenditure
Total exp•ndituro
21,900
366,607
589
21,900
366,607
589
18.026
314.206
762
10
11
389.096
389,096
332,994
Net income and net movement In funds
25,382
25.382
11,216
Reconciliation of funds
Total funds brought forward
Total funds carried forward
180,860
206,242
180,860
169,644
206,242
180,860
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditu￿ derive from contr'nuing activities.
The notes on pages 7 to 14 forni part of these financlal statements.

Necessary Furniture
Company Limited by Guarantse
Statement of Financial Position
31 March 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
16
22,489
34,696
Current assets
Debtors
Cash at bank and in hand
17
14,657
215.678
230,335
21,356
163,175
184,531
Creditors: amounts falllng due wlthln one year
Net current assets
18
46,582
183,753
206,242
38,367
146,164
180,860
180,860
Total assets less current Ilabilities
Net assets
206,242
Funds of the charity
Unrestricted funds
206,242
180,860
180,860
Total charity funds
20
206,242
For the year ending 31 March 2024 the charity ￿pS entitled to exemption from audit under section 477
of the Companies Act 2006 relab'ng to small companies.
Directors, responsibilities..
The members have not required the company to obtain an audit of its financial ststements for the
year in question in accordance wth section 476;
The directors acknowledge their ￿sponSIbl11￿eS for complying with the requirements of the Act
with respect to accounts'ng records and the preparation of financial statements.
These financial ststements have been prepared in accordan￿ with the provisions applicable to
companies subject to the small companies. regime.
These financial statement5 were approved by the board of trustees and authorised for issue on 29 July
2024, and are signed on behalf of the board by:
C.C Gay MBE
Trustee
The notes on pages 7 to 14 forni part of these financial statements.

Necessary Furniture
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
General infomiation
The charity is a public benefft enkn'ty and a private company limited by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address of the registered
office is 22-26 Bank Streel Heme Bay, CT6 5E& Kent.
Statement of compliance
These financial statements have been prepared in Complian￿ with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of
Recommended Practi￿ applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charits'es
SORP (FRS 102)) and the Companies Act 2006.
Accounting pollcles
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilib'es and investment properties measured at fair
value through income or expenditure.
The financtal ststements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material un￿rtaIntieS about the charity's abilty to continue.
Judgements and key sources of estimatlon uncertalnty
The preparation of the financial ststements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectations of
future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds a￿ avaitable for use at the discrets'on of the trustees to further any of the
charity's purposes.
Designated funds are un￿strICted funds earmarked by the trustees for parkncular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal. and fall into one of knvo sub<lasses.' restricted income funds or
endowment funds.

Necessary Furniture
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accounting pollc5es (conflnuedj
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity." it is probable that the economic benefits associated wth the transaction will
flow to the charity and the amount can be ￿liablY measured. The following specific policies a
applied to particular categories of income-
income from donations or grants is recognised when there is evidence of enb"tlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when r￿lpt is probable and entidement is established.
income from donated goods is measured at the fair value of the goods unless this is
impracb'cal to measure reliabty, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and servi￿$ are recognised in the accounts
when received if the value can be reliab]y measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted seNice. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular PUTpose and retumed if unspenL in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fulty recovered. and is dassified under headings of the statement of
financial activities to which tt Telates..
expenditure on raising funds includes the costs of all fundraising %tivrties. events, non-
charitsble trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitsble aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governan￿ of the charity apportioned to charitsble
activities.
other expenditu￿ includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditu￿ on charitabte activits'es.
All costs a￿ allocated to expenditure categories reflecting the use of the ￿soUr￿. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activiti'es they contribute to on a reasonable, justifi'able and consistent basis.
Tangible a&8ets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciab'on and impairment kjsses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.

Necessary Furniture
Company Limitsd by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accounting policies (con&nu0d)
Tanglble assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the ststement of financial activib'es. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
ex￿pt to which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreclation
Depreciation is calculated so as to write off the cost or valuation of an asse( less its residual
value, over the useful economic life of that asset as follows:
Fixtures and fittings
Motor vehicles
25% reducing balan
25% Stra￿ht line
Impalrment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount. the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impaiment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an esb'mate is made of the recoverable amount of the cash-
generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable
group of assets that includes the asset and generates cash infiows that largely independent of the
cash inflows from other assets or groups of assets.
For impaiment testing of goodwill. the goothyill acquired in a business combination is, from the
acquisition date. allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilib'es of the charity
are assigned to those units.
Flnancial instruments
A financial asset or a financial liability is recognised only when the charity becomes a paty to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequentty rneasured at the cash or other
consideration expected to be paid or re￿iVed and not discounted.
Debt instruments are subsequently measured at amortised cost

Necessary Furniture
Company Limited by Guarantee
Notes to the Financial Ststements (continued)
Year ended 31 March 2024
Accountlng policies (conflnued)
Flnanclal instruments (continued)
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably. the investment is subsequenUy measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently rneasu￿d at
cost less impairment.
Other financial instruments, including derivab'ves. are Init￿llY recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrumenL
Other financial instruments are subsequently measured at fair value. with any changes
recognised in the ststement of financial actbvib'es, with the exception of hedging instruments in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective eviden
of impairment at the end of each reporting date. If there is objective eviden￿ of impaiment, an
impairment loss is recogni5ed under the appropriate heading in the statement of financial
acts"vities in which the initial gain was recognised.
For all equity instruments regardless of significan￿, and other financial assets that are
individually significant, these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characterisb'cs.
Any reversals of impairment are recognised immediately, to Ihe extent that the reversal does not
result in a carrying amount of the financial asset that ex￿dS what the carying amount would
have been had the impairment not previously been recognised.
Deflned contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset to the extent
that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related servi￿, the liability is measured on
discounted present value basis. The unwinding of the discount is recognised as an expense in
the period in which it arises.
Llmlted by guarantee
The company is limited by guarantee of members and does not have a share capitsl. The liability
of members is limited to £1.00.
10

Necessary Furniture
Company Limited by Guarantee
Notes to the Financial Statements [￿ntinued)
Year ended 31 March 2024
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations
Don8b'ons
3,102
3.102
2,721
2,721
Charitable activlties
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Sale of goodslservices as part of direct
charitsble activits-es
405.501
405.501
339,675
339,675
Other tradlng actlvltles
Unrestricted Total Funds Unrestricted Totsl Funds
Funds
2024
Funds
2023
Auctionlrecycle credits
Other income
250
1,684
250
1.684
1.934
973
973
1,934
973
973
Investment incomo
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest receivable
3.941
3,941
Costs of other trading activities
Unrestricted Totsi Funds Unrestricted Totsl Funds
Funds
2024
Funds
2023
Costs of other trading activilies - Shop
costs
21,900
21,900
18.026
18,026
10. Expenditure on charitable actlvftles by fvnd type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Wages and overheads
366,607
366.607
314,206
314,206
11

Necessary Furniture
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
11. Other expendituro
Unrestricted Total Funds Unrestricted Totsl Funds
Funds
2024
Funds
2023
Other expenditure - bank charges
589
589
762
762
12. Net income
Net income is stated after chargingl(credtting):
2024
2023
Depreciation of tangible fixed assets
12.207
5,451
13. Independent examination fees
2024
2023
Fees payable to the independent examiner for.
Independent examination of the financial ststements
950
950
14. Staff costs
The total staff costs and employee benefts for the ￿porting period are analysed as follows:
2024
2023
Wages and salaries
Employer contributions to pension plans
243.191
4,748
247,939
210,907
4,089
214,996
The average head count of employees during the year was 9 (2023: 9). The average number of
full-time equivalent employees during the year is analysed as follows:
2024
No.
2023
No.
Number of staff
No employee received employee benefits of more than £60.000 during the year (2023: Nil).
15. Trustee romunorntion and •xp•ns
No remuneration or other benefits from employment wth the charity or a related entty we
received by the trustees.
12

Necessary Furniture
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
16. Tangible fixed assets
Fixtures and
fitb'ngs
Motor
vehicles
Total
Cost
At 1 April 2023 and 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
5,230
47,851
53,081
4.253
244
14,132
11,963
18,385
12,207
4.497
26,095
30,592
Carrylng amount
At 31 March 2024
733
21,756
22,489
34,696
At 31 March 2023
977
33,719
17. Debtors
2024
2023
Trade debtors
Prepayments and accrued income
Other debtors
{731)
10,987
4,401
812
10,982
9,562
14.657
21,356
18. Credltors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
Trade creditors
Accruals and deferred income
Social security and other taxes
Other creditors
1.829
10.576
1.140
6,366
26,671
10,039
1,140
12,687
14,501
46,582
38,367
19. Pensions and other post retlrement benefrts
Defined contribution plans
The amount recognised in income or expenditure as an expense in relatj'on to defined
contribution plans was £4,748 (2023.. £4.089).
13

Necessary Furniture
Company Limited by Guarantee
Notes to the Financial Statements fcontinued)
Year ended 31 March 2024
20. Analysis of charltable funds
Unrestricted funds
At
1 April 2023
At
Incorne Expendrture 31 March 2024
General fvnds
180,860
414.478
(389,096)
206,242
At
1 April 2022
At
Income Expenditure 31 March 2023
General funds
169,644
344.210
{332,994)
180.860
21. Analysls of net assets between funds
Unrestricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
22,489
230,334
(46,581)
206,242
22,489
230,334
(46,581)
206,242
Unrestricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
34,695
184,530
{38,365)
180,860
34,695
184,530
(38,365)
180,860
14

Necessary Furniture
Company Llmited by Guarantse
Management Information
Year ended 31 March 2024
The following pages do not forni part of the financial statements.
15

Necessary Furniture
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2024
2024
2023
Income and endowments
Donations and legacies
Donations
3,102
2,721
Charttable activities
Sale of goodslserv1￿S as part of direct charitable activities
405,501
339,675
other trading activities
Auctionlrecycle credits
Other income
250
1,684
1.934
973
973
Investment Income
Bank interest receivable
3,941
Total Income
414,478
344,210
16

Necessary Furniture
Company Limited by Guarantee
Detailed Ststement of Financial Activities (continued)
Year ended 31 March 2024
2024
2023
Expenditure
Costs of other tradlng actlvitles
Light and heat
Other motorltravel costs
Legal and professional fees
Telephone
Other Offi￿ costs
7,648
460
8.800
1,469
3.523
21.900
4,065
300
9.244
1,394
3.023
18.026
Expenditure on charitable activities
Wages and salaries
Pension costs
Rent
Rates and water
Repairs and maintenan
Insurance
Other estsblishment
Motor vehicle expenses
Vehicle leasinglhire
Legal and professional fees
Other Offi￿ costs
Depreciation
243.191
4.748
47,835
2.173
20,215
5,696
389
24,302
251
950
4,651
12,206
366,607
210,907
4,089
47,840
1.843
9,381
5,222
95
26,165
251
1,021
1,941
5,451
314.206
Other expenditure
Other expenditure - bank charges
589
762
Total expenditure
389,096
332,994
Net Income
25.382
11,216
17

Necessary Furniture
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2024
2024
2023
Costs of other trading activities
Costs of other trading activities - Shop costs
Shop costs - light & heat
Shop costs - other motorrtravel costs
Shop costs - legal and professional fees
Shop costs- postage. telephone and fax
Shop costs - other office costs
7.648
460
8,800
1.469
3,523
4,065
300
9,244
1,394
3.023
21,900
18,026
Costs of other trading activities
21.900
18.026
Expendlture on charitable activilies
Wages and overheads
Activities undertaken directly
Wageslsalaries
Pension costs
Rent
Rates & water
Repairs & maintenan
Insurance
Other establishment
Motor vehicle expenses
Vehicle leasing
Legal and professional fees
Advertising & matketing
Depreciation
243.191
4,748
47,835
2,173
20.215
5.696
389
24,302
251
950
4,651
12,206
366,607
210,907
4,089
47,840
1,843
9,381
5,222
95
26,165
251
1,021
1,941
5,451
314,206
Expenditure on charitsble activilles
366,607
314,206
18

Necessary Furniture
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Necessary Furniture
Year ended 31 March 2024
I report to the trustees on my examination of the financial statements of Nece&%ary Fumiture ('the
charity,) for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the company (and also ts directors for the purposes of company law) you are
responsible for the preparation of the financial statements in accordance with the requirements of the
Companies Act 2006 ('the 2006 Acf).
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 respect of my examination of
the charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act'l. In
carrying out my examination I have followed the Directions given by the Charity Commission under
section 145(5){bl of the 2011 ACL
Independent examinerfs statement
Since the charity's gross income exceeded £250.000 your examiner must be a member of a body
listed in section 145 of the 2011 Act. I confim that l am qualffied to undertake the examination
because l am a member of the Association of Chartered Certbfied Accountants, which is one of the
listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection
with the examination giving me cause to believe.
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Ac( or
the finanaal statements do not accord with those records: or
the financial statements do not comply with the accounting requirements of section 396 of
the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is
not a matter considered as part of an independent examination., or
the financial statements have not been prepared in accordance wtth the methods and
principles of the Staternent of Recommended Practice for accounts.ng and reporting by
charities applicable to charities preparing their accounts in accordan￿ with the Financial
Reporting Standard applicable in the UK and Republ￿ of Ireland (FRS 102).

Necessary Furniture
Company Limited by Guarantse
Independent Examinerfs Report to the Trustees of Necessary Furniture (continued)
Year ended 31 March 2024
I have no concerns and have come across no other matters in connection viith the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Maxine Gambrill FCCA
Independent Examiner
22-26 Bank Street
Herne Bay
Kent
CT6 SEA
29 July 2024