COMPANY REGISTRATION NUMBER: 03886547
CHARITY REGISTRATION NUMBER: 1091602
Necessary Furniture
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2025
PG LEMON LLP
Chartered Certified Accountants
22-26 Bank Street
Herne Bay
Kent
CT6 SEA

Necessary Furniture
Company Limited by Guarantee
Financial Ststements
Year ended 31 March 2025
Page
Trustees, annual report (incorporating the director's 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
Trustees, Annual Report (Incorporating the Director's Report)
Year ended 31 March 2025
The trustees, who are also the directors for the purposes of company law, present their report and the
unaudited financial statements of the charity for the year ended 31 March 2025.
Reference and administrative details
Registered charity name
Necessary Furniture
Charity registration number
1091602
Company registration number 03886547
Principal office and registered 22-26 Bank Street
office
Herne 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
P. Cowell
(Resigned 27 January 2025)
(Appointed 25 November 2024)
Independent examlner
Maxine Gambrill FCCA
22-26 Bank Street
Herne Bay
Kent
CT6 SEA
Structure, governance and management
The organisation is a charitsble company limited by guarantee and registered as a charity. The
Directors I whose liability is limited to £1 ) are also Trustees. The Directors meet regularly as a
Management Committee. Management is governed by a Memorandum and Articles of Association in
accordance with the Companies Acts.
Objectives and activities
Necessary Furniture is a charitable organisation set up to provide furniture and household goods for
the disadvantaged within the community and to redu￿ the volume of useable good5 going to landfill.

Necessary Furniture
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report> (continued)
Year ended 31 March 2025
Achievements and performance
Necessary Furniture lin partnership with the relevant agencies) provides worthwhile jobs and work
experience for unemployed people.
Financial review
Our current priority is closely lo monitor income and expenditure to keep the Charity on a sound
footing. Recent initiatives agreed include the clearance of redundant stock lo make way for attractive
display areas and asking donors of furniture, as well as recipients, to make a donation towards running
costs.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to
the sma51 companies exemption.
The trustees, annual report was approved on 28 July 2025 and signed on behalf of the board of
trustees by..
LR£ty Cry-
C.C Gay MBE
Trustee

Necessary Furniture
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Necessary Furniture
Year ended 31 March 2025
I report to the trustees on my examination of the financial statements of Necessary Fumiture ('the
charity'} for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company lawl you are
responsible for the preparation of the financial statements in accordance with the requirements of the
Companies Act 2006 ('the 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 respect of my examination of
the charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act,). In
carying out my examination I have followed the Directions given by the Charity Commission under
section 145151(bl of the 2011 Act.
Independent examiner's 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 confirm that l am qualified to undertake the examination
because l am a member of the Association of Chartered Certified 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 Act, or
the financial 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 fair, view which is
not a matter considered as part of an independent examination., or
the financial statements 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
Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021.

Necessary Furniture
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Necessary Furniture (Gontlnued)
Year ended 31 March 2025
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
/IL A
Maxine Gambrill FCCA
Independent Examiner
22-26 Bank Street
Herne Bay
Kent
CT6 SEA
28 July 2025

Necessary Furniture
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2025
2025
Unrestricted
funds Total funds Total funds
2024
Note
Income and endowments
Donations and legacies
Charitable activities
Other trading activities
Investment income
2,394
377,453
1,463
6,220
387,530
2,394
377,453
1,463
6220
3,102
405.501
1,934
3,941
414,478
Total Income
387,530
flflflnmnnfl
flflnflMn(Fff
Expenditure
Expenditure on raising funds..
Costs of other trading activities
Expenditure on charitable activities
Other expenditure
Total expenditure
27,666
383,475
700
27,666
383,475
700
21,900
366,607
589
10
11
411,841
411,841
389,096
flnn￿nnnft
flflflflflnnflfl
Net (expenditurellincome and net movement in funds
(24,3111
124,311)
25,382
nmflniifln
flflmrflflnfl
Reconciliation of funds
Total funds brought forward
Total funds carried fonvard
206,242
181,931
206,242
181,931
180,860
206,242
nftflnnflf
flflnnnnii
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 7 to 14 fom part of these financial ststements.

Necessary Furniture
Company Limited by Guarantee
Statement of Financial Position
31 March 2025
2025
2024
Note
Fixed assets
Tangible fixed assets
16
10,344
22,489
Current assets
Debtors
Cash at bank and in hand
17
15,718
200,801
14,657
215,678
216,519
230,335
Creditors: amounts falling due wlthln one year
Net current assets
18
44,932
46,582
171,587
183,753
Total assets less current liabilities
181,931
206,242
2C6,242
Net assets
181,931
flnflnflmfln
flflnnnflflfl
Funds of the charity
General funds
181,931
181,931
206,242
Total charity funds
20
206,242
nflrnnnflfl
For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Directors, responsibilities:
The members have not required the company to obtain an audit of its financial statements for the
year in question in accordance with section 476.,
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject lo the small companies, regime.
These financial statements were approved by the board of trustees and aulhorised for issue on 28 July
2025, and are signed on behalf of the board by
LR4fy CT+
C.C Gay MBE
Trustee
The notes on pages 7 to 14 fom) part of these financial statements.

Necessary Furniture
Company Limited by Guarantee
Notes to the Financial Ststements
Year ended 31 March 2025
General information
The charity is a public benefit entity 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 Street, Herne Bay, CT6 SEA, Kent.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the 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 IFRS 102) (Charities
SORP IFRS 10211 and the Companies Act 2006.
Accounting pollcies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Golng concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires managemeni io 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 are available for use at the discretion of Ihe trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular 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 two sub-classes.. restricted income funds or
endowment funds.

Necessary Furniture
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
Accounting policies (¢ontlnuedJ
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed lo the charity,. it is probable that the economic benefits associated with the transaction will
flow to the charity and the amount can be reliably measured. The following specific policies are
applied to particular categories of income.
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the accounts
when received if the value can be reliably 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 service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, 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 fully recovered, and is classified under headings of the statement of
financial activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activities, events, non-
charitable 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 charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses. 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 Limited by Guarantee
Notes to the Financial Ststements (continued)
Year ended 31 March 2025
Accounting policies (confinued)
Tangible 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 statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except 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.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows..
Fixtures and fittings
Motor vehicles
25,/0 reducing balance
250/0 straight line
Impairnient 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 impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate 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 inflows that largely independent of the
cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill 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 liabilities of Ihe charity
are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party 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 subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost

Necessary Furniture
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
Accounting policies fcontlnuedj
Financial instruments (continued)
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments, including derivatives, are initially 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 instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial activities, 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 evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
individually significant, these are assessed individually for impairment. Other fi nancial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, lo the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Defined 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 seNice, the liability is measured on 8
discounted present value basis. The unwinding of the discount is recognised as an expense in
the period in which it arises
Limited by guarantee
The company is limited by guarantee of members and does not have a share capital. The liability
of members is limited to £1.00.
10

Necessary Furniture
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
Oonations and legacies
General Total Funds
Funds
2025
General Total Funds
Funds
2024
Donations
Donations
2,394
2,394
3,102
3,102
nflfififtft
nnmflfln
Charitable activities
General Total Funds
Funds
2025
General Total Funds
Funds
2024
Sale of goodslservlces as part of direct
charitable activities
377,453
377,453
405,501
405,501
ftnftflflnflfin
nmnflflfl
nmiinnflflfl
flflflnnfimfl
Other tradlng activities
General Total Funds
Funds
2025
General Total Funds
Funds
2024
Auctionlrecycle credits
Other income
1,030
433
1,030
433
250
1,884
250
1,684
1,934
1,463
1,463
1,934
nnnflfin
Anflflflnfl
flflAflnlll
flflnnflftn
Investment income
General Total Funds
Funds
2025
General Total Funds
Funds
2024
Bank interest receivable
6,220
6,220
3,941
3,941
nflfinflflfl
nniflfl
Costs of other trading activities
General Total Funds
Funds
2025
General Total Funds
Funds
2024
Costs of other trad ing activities - Shop
costs
27,666
27,666
21,900
21,900
￿NN￿￿nfi
nmflflnnft
10. Expenditure on charitable activities by fund type
General Total Funds
Funds
2025
General Total Funds
Funds
2024
Wages and overheads
383,475
383,475
366,607
366,607
flflr•m
flftRflflfinflfl
11

Necessary Furniture
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
11. Other expenditure
General Total Funds
Funds
2025
General Total Funds
Funds
2024
Other expenditure - bank charges
700
700
589
589
nn
flflnfl
12. Net (expenditure)lincome
Net (expenditurellincome is stated after chargingl(creditingl'.
2025
2024
Depreciation of tangible fixed assets
12,146
12,207
￿fln￿Aflfl
13. Independent examlnatlon fees
2025
2024
Fees payable to the independent examiner for,.
Independent examination of the financial statements
950
950
flnffi
nni
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2025
2024
Wages and salaries
Employer contributions to pension plans
276,524
5,497
243,191
4,748
282,021
247,939
flflfjjnfjflflfl
nnflnrffln
The average head count of employees during the year was 10 {2024- 9}. The average number of
full-time equivalent employees during the year is analysed as follows..
2025
No.
2024
No.
Number of staff
10
No employee re￿iVed employee benefits of more than £60,000 during the year12024'. Nil)
15. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were
received by the trustees.
12

Necessary Furniture
Company Limited by Guarantee
Notes to the Financial Statements {¢ontinued)
Year ended 31 March 2025
16. Tangible fixed assets
Fixtures and
fittings
Motor
vehicles
Total
Cost
At 1 April 2024 and 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
5,230
47,851
53,081
Inflfln
flnnmflfl
nflwfln
4,497
183
26,094
11,963
30,591
12,146
42,737
4,680
38,057
nflflnnfln
flflfifflnflfl
nmflnflfl
Carrying amount
At 31 March 2025
550
9,794
10,344
niiflmnfl
nflnnflh
At 31 March 2024
733
21,757
22,490
nnfln
17. Debtors
2025
2024
Trade debtors
Prepayments and accrued income
Other debtors
1,179
10,982
3,557
(731)
10,987
4,401
14,657
15.718
18. Creditors: amounts falllng due within one year
2025
2024
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
46,582
13,464
1,140
9,557
20,771
44,932
fliinflmflfl
19. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined
contribution plans was £5,49712024. £4,748)
13

Necessary Furniture
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
20. Analysis of charitable funds
General funds
At
1 April 2024
At
Income Expenditure 31 March 2025
General funds
206,242
387,530
1411,841)
181,931
nnflrnwn
flflnflfftin
flnflflfSnn
flAwnr*
At
1 April 2023
At
Income Expenditure 31 March 2024
General funds
180,860
414,478
(389,0961
206,242
fmnflflf
r4wnflflM
flflflflnfl
21. Analysis of net assets between funds
General Total Funds
Funds
2025
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
10,344
216,519
144,9321
181,931
10,344
216,519
144,932)
181,931
nnniiflnnflfl
nnnnflfinnfl
General Total Funds
Funds
2024
Tan9ible fixed assets
Current assets
Creditors less than 1 year
Net assets
22,489
230,334
(46,5811
206,242
22,489
230,334
(46,5811
206,242
flnnnn
14

Necessary Furniture
Company Limited by Guarantee
Management Information
Year ended 31 March 2025
The following pages do not form part of the financial statements.
1S

Necessary Furniture
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2025
2025
2024
Income and endowments
Donations and legacies
Donations
2,394
3,102
Charitable activities
Sale of goodslservices as part of direct charitable activities
377,453
405,501
Other trading activities
Auctionlrecycle credits
Other income
1.030
433
250
1,684
1,463
1,934
Investment income
Bank interest receivable
6,220
3,941
Total Income
387,530
414,478
fl11nf￿flflfifi
16

Necessary Furniture
Company Limited by Guarantee
Detailed Statement of Financial Activities fcontinued)
Year ended 31 March 2025
2025
2024
Expenditure
Costs of other trading activities
Light and heat
Other motorltravel cosls
Legal and professional fees
Telephone
Other office costs
11,814
503
11,767
1,287
2,295
7,648
460
8,800
1,469
3,523
21,900
27,666
Expenditure on charitable actlvlties
Wages and salaries
Pension costs
Rent
Rates and water
Repairs and maintenance
Insurance
Other establishmenl
Motor vehicle expenses
Vehicle leasinglhire
Legal and professional fees
Other office costs
Deprecialion
278 524
5,497
47,895
3,245
5,640
5,914
171
23,758
251
1,084
1,351
12,145
383,475
243,191
4,748
47,835
2,173
20,215
5,696
389
24,302
251
950
4,651
12,206
366,607
Other expendlture
Other expenditure - bank charges
700
589
Total expenditure
411,841
389,096
niNnnflflflfl
Infliiiimn
Net lexpenditurellincome
{24,311)
25,382
17

Necessary Furniture
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2025
2025
2024
Costs of other trading activities
Costs of other trading activities - Shop costs
Shop costs - light & heat
Shop costs - other motorltravel costs
Shop costs - legal and professional fees
Shop costs - postage, telephone and fax
Shop costs - other office costs
11,814
503
11,767
1,287
2,295
27,666
7,648
460
8,800
1,469
3,523
21,900
Costs of other trading activities
27,666
21,900
nflfirmflrn
flnflflmiin
Expenditure on charltable activlties
Wages and overheads
Activities undertaken directly
Wageslsalaries
Pension costs
Rent
Rates & water
Repairs & maintenance
Insurance
Direct charitable activity 1 other establishment
Motor vehicle expenses
Vehicle leasing
Legal and professional fees
Direct charitable activity 1 advertising & marketing
Depreciation
276,524
5,497
47,895
3,245
5,640
5,914
171
23,758
251
1,084
1,351
12,145
383,475
243,191
4,748
47,835
2,173
20,215
5,696
389
24,302
251
950
4,651
12,206
366,607
Expenditure on charitable activities
383,475
36S,607
flflnfln
flflflflmflflfl
18