REGISTERED COMPANY NUMBER: 04367121 (Englalld and Wales)
REGISTERED CHARITI, P*UIVIBER: 1093176
REPORT OF THE TRUSTEES Af4D
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
FOR
REFURBS FLINTSHIRE

REFURBS FLINTSHIRE
CONTENTS OF THE F1Tr4ANCIAL STATEi%IENTS
FOR THE YEAR ENDED 31ST ￿L4RCH 2024
Page
Report of the Trustees
Independent Examiner's Report
Sialement of Financial Activities
Balance Sheet
io
Cash Flow Statement
Notes lo the Cash Flow Statement
12
Notes to thc Financial Statements
13 10 20
Detailed Statement of Financial Activities
21

REFURBS FLINTSIIIRE
RF,PORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST fvIARCH 2024
The Iru51ec5 wlio arc also directors of the charity for the purpose.s of Ilie Cofflpaiiics Act 2006, present their report with
the financial slatcmcnls of the charity for the year ended 3 1st March 2024. The trustccs have adopted the provisions of
Accounting and Reporting by Charitie5'. Sialement of Recommended Practice applicable lo charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective l January 2019).
oRtECTIVES AND ACTIVITIES
Objectives and aims
The objectives and aims of the charity as sel out in the Mernorandum and Articles of Association are as follows..
To relieve poverty by the provision of quality affordable furniture and household goods lo members of the local
community who are in need.
2. To conduct research and collect information in order lo educate the community about the economic, social and
environmental benefits of re-use and recycling and the reduction of pollution and protection of the environment that
results from these activitie5.
3. To conserve and protect the physical and natural environment by the promotion of sustainable waste management
practices in accordance with the best practicable environmental option.
4. To relieve unemployment by improving the employability of disadvantaged individuals through the provision of
work placement, training and volunteering opportunities.
The trustees have referred lo the guidance contained in the Charity Commission's gcncral guidance on public benefit
when reviewing the charity's aims and objectives and in planning future activitics. In particular, the trustees consider how
planned activities will contribute lo the aiTn5 and objectives they have sel.
Overview of the Year
It was a year of 501 id performance in our core opeTational areas of bulky household waste. voids and general house
clearance, sofa deconstruction, and the retailing of recycled and upcycled g(iods.
The repair and reuse centre with community cafe al Buckley, while fulfilling its social and environmental functions
successfully, was subject lo review in the later part of the year and required an adjustment of organisation and focus lo
ensure its future viability.
We were able to make good progress across a range of important projects with the consistent themes of waste prevenlion,
repair. re-use, inclusivity and comrnunity engagement.
Our overriding consideration throughout the year continued to be to safeguard the health, safely and wellbeing of our
staff, our volunteers. our customers, and our other stakeholders.
Our achievemen15 in the year are described in detail later in the report.
Piiblic Benefit Statement
Our charitable objectives are as slated above.
Statemellt of Compliallce
The Trustees have referred lo the Charity Commission's general guidance on public benefit when reviewing 2023-24
activities and making plans for future periods and believe that they have complied with their duty to have due regard lo
this guidance. In particular, the Trustees have considered how all the organisation's activities contribute to the charitable
objectives. All the Trust's activities focus on improving the quality of life for people and the places in which they live
focusing on the m05t disadvantaged people and places in Wales and England.
Identifiable Benefits
In lems of identifiable benefits, Refurbs delivers piojecls and programmes, manages contracts, and delivers services
according lo its objectivcs, with the resulting benefits of reduced enviro[￿nental itnpacts aiid greener communities across
North Wales, rcducing carbon emissions to help to tackle climate change. Rcfurbs aims lo help the public to make
sustainable development a reality. respecting nature's limits and 5UPPOrting the Welsh Govemmenl's commitment lo
future generations.
Page I

REFURBS FI.INTSIIIRE
REPORT OF THE TRUSTF.ES
FOR THE YEAR ENDED 31ST ttrlARCH 2024
Beiiefit to tl)¢ Public
Our approach is alivays lo work in partnership with others from the public, private and voluntary sectors. to add value to
wider plans for rnaximum impact to the public. Our role in Ihcse partiiersliips is usually lo find ways of helping deprived
or disadvantaged local people lo gel practically involved in decisions and actions. As Such, our work is designed lo address
the needs of all sections of the community, and we provide equal access lo our services regardless of race, gender,
disability or sexual orientation.
Achievement5 and Performance on Charitable Activities
Main Operations
The charity has continued lo collect bulky houbehold waste and to redi.stribute household goods lo lower income
households at affordable prices. Thcse redistributed IIou5ehold goods might otherwise have been di5caided as wa5t¢ lo
landfill.
Following the successful tender in May 2018, Refurbs has also continued to deliver cleaning and clearance services for
Flinlshire County Council's (FCC) void properties. This contract was for an initial period of two years and ha.s been
subject to a 5erie5 of fixed lemi extensions.
Our sofa deconstruction offering eontinued to show the value of parmership working alongside Flintshire County Council.
There has been an increase in the number of 50fas included in the bulky collection and those which could not be recycled
were channelled lo the Oakenholi site where the sofa deconstruction team are based.
Legal restrictions relating lo the use and presence in upholstered dotnestic seating of persistent organic pollulanls {POPs)
which apply in England are yet lo be implemented in Wales. This could have serious implications for operitions and
associated costs at Refurbs, in particular bulky waste and sofa deconstruction. A walehing brief is being maintained.
The retail business continued to operate successfully at the Flint site throughout the year, but the Henblas Sireel outlet in
Wrexham proved unviable and was closed in September. Online Sales in particular through the Facebook marketplace
have cxpandcd successfully.
New internal systems introduced in 2022_23 operated throughout the year providing an improved service to both the
council and lo customers, enabling the fluctuations in stock and potential over-crowding of the warehouse lo be monitored
and managed, and ensuring a logical placement of items within the three showrooms.
Acros5 the Group the accuracy of financial infornialion and quality of financial managetnent has improved. In
the case of Refurbs this has enabled a more forensic and comtnercial understanding of the costs and viability of the
different areas of business and will help inforni the renegolialion of, and relendering for, contracts in 2024-25 and future
years.
Buekley Repair snd Reuse Centre with Cotllmllnity Cafe
The successful establishment and early months of operation ofihe centre and cafe, which are in the ownership of Refurbs,
were heraldcd in the 2021-22 and 20?2-23 annual Iruslees report. The cenlie has beeome a focal point for the local
community and great relationships have been fomied. The centre continues lo fulfil ils objective of promoting education
and behavioural change on wa51e and recycling initiatives, as wcll as providing volunteering opportunities for local
people. An extensive programme of repair, recycling, and upcycling workshops and sessions has been run successfully
throughout the year. The cafe complements the ccntre and provides the opportunity for quiet enjoyment and social
inleraclion.
However, with our improved understanding of the financial dimension of the business. il became ele2r that the Buckley
establishment, in particular the cafe, were running al a loss. To ensure it% future viability and sustainability it was
necessary to implement appropriate remedial measures including changing staffing arrangements and revising the use of
the sile to operate three day5 as a cafe and three days as a centre for projec15. The situation will be kept under review and
further revised as necessary, but we are confident that things are moving in the right direction.
Commulllty Fridge
With funding froTll Hubbub brought fonvard from 2022_23 il enabled us lo continue our wa51c food .subscriplion which
as well as easing the food poverty challcnge in the community, benefits the natural environtnent by reducing food waste
Page 2

REFURBS FLINTSUIRE
REPORT OF THE TRUSTEES
FOR THF. YEAR F.NDED IIST ￿l.￿RCH 2024
disposals lo landfill and ¢onsequenl grccnhouse gas emissions. In April 2023 we were awarded a further grant from Welsh
Government Landfill for the period April 20?3 until Marcli 20?5, with this w'e hai'e been able lo maintain and improve
our community fridge service al the Refui'bs sile in Flint. Thc WG Laiidfill funding is delivering a projeul called Making
Food Go Further, with the aim of reaching 250 residents of Flintshire County and reducing food waste (and addressing
food poverty} through Nnning..
educational community sessions on how to make best use of surplus food and the differences between besl-before-
Use by awareness-raising cainp2igns, and
community food drives to collect unwanted store cupboard essentials for our community fridge which would
otherwise go lo waste.
The project has funding for a part-time coordinator to deliver the service and drive more waste food into the fridge as
well as educate and iiiforni the community about using surplus food sources.
Another objective has been lo bring volunteers on board with a view lo developing the community fridge into a volunteer-
led hub witliiii the community. At present we have 3 voluntcers supporting the servic¢ weekly.
Paint Pilot
With funding from our eontracl with Clywd Alyn Housing Association the Painl Pilot programme was 8ucces5fully
concliided for the year, and included work Lllldertaken at Llys Emlyn (c£ Iokl which was fiinded by Clywd AIyii'5 general
maintenance fund as it was outside the scopc of the housing benefit funded activity. Our more forensic understanding of
costs and viability will inform our negotiations for the 2024-25 contract which are under way.
Woodshed
For most of the year our Woodshed project has continued with a minimum of15 adults alleiiding each week and a constant
stream of interest and referrals coming through. More than ever before our communities need projects like this to lift Ihcm
out of the doom and gloom going on in their daily lives. All money made from sales of items has gone back into this
programme. which has brought a much_needed lifeline for most of the volunlccrs who have attended. A donation of £500
from Galla(Flier Insurance (GWNW Group's insurers) fiinded new eqliipmeiil, which significaiitly improved productivity.
Previously Woodshed has been funded through ACL bul unfortunately the available funding has been exhausted and lo
secure further ACL funding would require a change of fonnat with the focu5 on 5kill-building and not on social isolation.
Every effort is being made to secure the further funding needed to enablc us to continue to provide benefits lo different
groups with different needs.
Volunteering in Wales
With funding of £l1.5k brought forward frotn 2022-23, this project continued to deliver volunteering opportunities, with
the primary focus being for 16-24-year-old refugees who have rccenily reseiiled in North Wales. Not all the volunteers
were refugees- 501ne were young people just generally struggling with mental health. Overall, we engaged with 30 young
people all experiencing different challenges. The project offered a range of activities that provided personal and emotional
support lo build confidence and knowledge lo support resetilemenl and resilienee.
Swap Shop
In November 2023 we secured £1 Ok of funding from Lottery Community Fund. This funding was for the creation of a
clothing and accessories swap shop to be based at our Buckley Repair and Reuse centre. The project provides the
community with an opportunity to come together. share and recycle items of clothing. Eiicouraging and increasing the
lifespan of clothing in this way decreases the amount of ¢lothe5 going lo landfill and help5 people and families sai"e
money by swapping items of clothing.
Other Projects
March 2024 has seen small pockets of funding coming in lo continue to deliver community support from the Recycle &
Reuse centre in Buckley. Winter Warmers funded by CO-OP has providcd warni lunches every Monday free of ¢harge
to over 50s and SainsbLlry'S gi'ant has provided money for this lo continue into April 2024.
Estate of Peter Jone5 Legacy
We are iiidebted to the Estate of Ihc lal¢ Peter Jone.$ for two gcncrous legacy donations atnounling to £35k and will ensure
that the sutn is used in accordance with their expressed wishes for the purpose of residents in Flint to benefit from recycled
items, especially bicycle recyeling. We are now using this ￿ndIng to support our Bike Shed and offering recycled bikes
al affordablc prices and in 2024 will bc offering maintenance courses for local people to coine and learn new skills and
receive a recycled bike.
Page 3

REFURBS FLINTSHIRE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST ttrlARCH 2024
Financial review
Financial position
We Iiave been able 10 5¢cure total income for the year 2023-24 of £849,393
The main sources of funding haN'e been..
Local Authorities
Housing Associations
Cliaritable Trusts
Retail Sales
524,295
56,928
64,691
203,479
Achievements and Performance
People helped to rcducc waste from Landfill
Waste diverted from Landfill -
Waste diverted /removed from public Space
People supported lo make Greener Choices -
Food wastelsurplus redistributed
CO? savings From Waste Food distribution -
Members of Community Fridge-
Volunteers Engaging-
2,412
119 lonnes
379 lonnes
2,736
4.759kgs
1,897kgs
181 member5 to date
37 regular volunteers donating 814 hours of lime.
Reserves policy
The charity's reserves are generated from unrestricted sources: grant income, donations, trading activities and fundraising.
The reserves policy of Ihc charity is reviewed periodically. The Board of Trustees has established a policy whereby the
unrestricted funds not committed or invested in tangible fixed assets held by the charity should be of sufficient magnitude
lo meet a range of unpredictable expenditure and other emeFgencies, such as a significant drop in funding.
The tru5tccs havc continued to review the charity's requirements for reserves considering the main risks to Ihc charity and
have set 2ppropriate budget5 to maintain sufficient reserves in the future. The trustees discuss the level of reserv¢5 at their
meetings based on reports produced by the ￿0, which allows them lo monitor and manage the reserves.
Following a fortnal revicw of the reserves policy during 2022-23 the trustees resolved that the appropriate level of
unrestricted reserves would be a minimum of 3 months of unrestricted expenditure. The current level of r¢5erve5 falls
margiiially short of this target. However, the trustees are of the opinion that there are sufficient funds lo meet the
obligations of the charity on a fund-by-fund basis and action is being taken lo ensure that appropriate levels of reserves
are mel going forward.
Financial Strategy
Essential components of our 51ralegy are that full cost recovery is achieved, that our organisations continue to build their
reserves and that good cash flows are maintained. To this end we will endeavour to:
ensure we have sufficient working capital, no less than 3 months. by building our unrestricted reserves
ensure we have the right pri)duct and service mix between grant and non-grant fundcd activities so as lo reduce
financial risk
develop our product and service offer to ensure we cover our costs and remain financially viable
Through our annual business plans we aim lo move towards a more sustainable future for the group and for Refurbs as
an enlily.
Financial and Risk Management Objectives and Policies
Financial Instruments
The charitable Lompany's operations expose il lo a variety of financial risks including price risk, credit risk, liquidity ri sk
and cash flow risk.
The charitable company's piincipal financial in51rumenls comprise sterling bank accounts together with trade dcbtors and
trade creditor.£ that arise directly from operations.
Page 4

REFURBS FLINTSHIRE
REPORT OF THE TRUSTEI ES
FOR THE YEAR ENDED 31ST IWIARCH 2024
Price risk - Price risk is managed by monitoring the market, current rates of i iiflation and costing products and services
in accordance with these factors.
Credit risk _ Credit risk is mitigated by monitoring and managing the credit limits given to our customers.
Liquidity risk - Liquidity risk is managed by maintaining a balanced mix of income streams, with a restriction on the
number of contracts based on payment by results or where payment is in arrears al any one time.
CRsh l]ow risk
is managed through our credit management procedures, c&5h flow forecasting and negotiation of
payment lernis where practicable.
Risk Nlanauemenl
Tlie trustees review the risk register regularly and consider the major risks lo which the group is exposed via the GWNW
Group Board s Risk Assurance Sub-Group. The principal risks lo Refurbs and the Groundwork North Wales Group are-
Failure lo secure funding to fulfil the organisalion's busilless plan.
Failure lo deliver targets in payTneiit by results contracts.
Failure 10 Secure match funding where match funding is an essential aspect of the grant.
Poor performance or dissatisfaction with the quality of delivery.
Reputational and financial issues experienced by other Groundwork trusts.
Plans for Future Periods
The cliaritable group's plans for the forthcoming year arc to review ils activities in line with the charitable objects and lo
prioritise the developmenl of those areas where the greatest growth and irnpacl on the ground can be achieved. A strategie
plan for 2024_2027 has beeii devcloped and approved by the Board and will provide the framework and direction for
future bu5ine5s activities. Improved financial systems and financial management capacity within tlie GWINtW Group will
ensurc a better understanding of the financial aspeels aeross the range of the Refurbs business and will support future
business decisions.
STRUCTURE, GOVERNANCE AND LWtAP4AGEMENT
Govertiillg Document
The charity was established by ils governing document, a deed of trust, and constitutes a limited company, limited by
guarantee. 2s defined by the Companies Act 2006.
The charity is controlled by its Memorandun] and Articles of Association dated 5 February 200? (and amended on 14
June 2004, 2 June 2009, 22 February 2018, and 6 October 2021). Tlie most recent amendments made lo the Articles in
October 2021 were to extend the area of benefit lo Wales and England, to make provision for the holding of an AGhl,
and lo align the appointment term of trustees with the three-year lenn applied by the holding company. Groundwork
North Wales.
All Ilie members of the company agree to contribute £10 in the event of the charity winding up. The company is registered
with the Charity Commissioners.
Retruitment and Appointtnent of Neiy Trustee5
Tlie di rectors of the company are also the charity'5 trustees for the purposes of charity law and under the company's
Articles are known as trustees. Under the requirements of the Mernorandum and Articles of Association, the trustccs are
not required lo retire by rolalion and there must be a minimum of two trustees and a maximum of twelve trustees.
All members of the Board of Trustees give their lime voluntarily and received no benefils from the charity. Any expenses
reclaimed from the charity are set out in note 9 10 the accounts.
Business and rnanagerial skills are represented on the Board of Trustees and in an effort to maintain this skill mix, in the
event of particular skills being lost due to retirement of the relevant trustee, other individuals with equivalent skills are
approached lo offer themselves for election as a trustee.
Page 5

REFURBS FLINTSHIRE
REPORT OF THE TRUSTEES
FOR THE YEAR FNDED 31ST ￿lARCH 2024
STRUCTIIRE, GOI￿ RNANCE AND I11.4NAGENIENT
Organisational Structure and Deci5ion-Makinu Poivers
The Group Board retains authority for the overall strategy and policy of the Trust and approves the Strategic Plan as well
as the annual Biisiness Plan. The Board delegates decision making powers to the Chief Executive and lo two subgroups:
Ilie Finance and Human Resources {HR} Sub Group and the Risk Assurance Sub-Group. A Board Trustee chairs each
Sub-Group and the mcmbers of the Sub-Group are appointed by the Board. Temis of Reference lor the Sub-Groups sel
down their delegated authority frotn the Board and specify limitations on the authority for matters which the Board
reserves lo itself.
Fillallce & HR Sub-Group
The Finance and HR Sub-Group is responsible for reviewing the management accoiinls, amendments to policy and
matters appertaining lo the remuneration and welfare of the trust's staff. KL meets four limes a year in between thc quarterly
board meetings.
Risk Assurance Sub_croup
The Risk Assurance Sub-Group was established during 2022-23 10 monitor and provide a8surance on the GWNW Group
of trust5, principal risks and stipporting risk managen)eiit processes. Tl)e SLib-Groiip's reniit incliides the health & safety
risks, practices, and perforniancc. It also meets four limes a year ahead of the quarterly board meetings.
Induction and Training of Trlew Trustees
New members of Ilie Board of Trustees are provided with the Charity Commission's guidaii¢e'. 'The Essential Trustee:
What you nced lo kiiow,. What you need lo do" and a full pack of other trust docutncnts such as the latest annual report
and accounts, risk register and busiiiess plan. New Trustee5 hai'e an induction meeting ivith the Chief Executive, members
of the Senior Management Team and the Chair of the board of Trustees.
Most trustees are alieady familiar with the praelical work of tlie charity, being involved with the charity. All new Iru51ees
are invited and encouraged to allend a training tneeting to familiarise themselves with the charity and thc context within
which it operates and covers:
The obligations of Board of Trustees. Directors and Members.
The main document5 which set out the operational framework of the charity including the Memorandum and Article5
of Association.
Resourcing and the current financial position as set out in thc lalesl published accounts.
Risk Management
The Irustec5 have a duty to identify and review the risks to which the charity is exposed and lo ensure appropriate controls
are in place to provide reasonable assurance against fraud and e￿Or.
All procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.
Governance RevieTrv
A comprehensive revicw of the governance of Refurbs Flintshire and the rcst of the Groundwork North Walcs Group of
Trust.5 was conducted iii 2020-21 using Ilie fratnework for governance reviews issued by Groundwork UK for use across
the Groundwork Federation. While the findings were generally positive a number of improvement actions were identified
which were approved by the Board. Their full implementation was completed in 2022-23.
Page 6

REFURBS FLINTSHIRE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
REFERENCE AIN'D ADNIIN'ISTtL4TIVE DETAILS
Registered Company number
04367121 (England and Wale5)
Registered Charity nuniber
1093176
Reoistered office
Unit 1-3
Aber Park
Aber R02d
Flint
Flintshire
CH6 SEX
Trustees
M Booker Retired
S Moore Retired
H E Wright Retired
N F Reader Retired
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Joanne Evan5
FCCA, ACA
M. D. Coxey and Co. Limited
Chartered Accounlanls
25 Grosvenor Road
Wrexham
LLII IBT
BAnkers
National Westminster Bank plc
33, Lord Street
Wrexham
LLII ILP
Report of the trustee.s, incorporating a strategic report, approved by order of the board of trustees. as the company
directors, on 28, November 2024 and signed on the board's behalf by-
N F Reader - Trustce
Page 7

INDEPENDENT EXA.￿lI1￿ER,s REPORT I'O THE TRUSTEES OF
REFURBS FLIP4TSHIRE
Independent exAminer's report to the trustees of Refurbs Flintshire ('the Companj )
I report lo Ilie charity trustees on my examination of tlie ac¢ounts OF Ihc Company for the year ended 31st March 2024.
Responsibilities and basis of report
As tlie cliarity's Iruslees of the Company {and also ils directors for the purposes of company law) you are responsible for
the preparation of the account5 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 lo be audited under Part 16 of the 2006 Act
and are eligible for iiidependenl examination, I report iii respcct of my examination of your charity's accounts as carried
out under section 145 of the Charilic5 Act 2011 {'the 2011 Aci,). In carying out my examination I have followed the
Directions given by the Charity Commission under seetion 145{5) {b) of the 2011 Act.
Independent eyaminer's statemellt
Since your charity'5 gross incotne exceeded £250,000 your examiner musl be a member of a listed body. I can confimi
that l am qualified to undertake the examinition because l am a rcgislered member of FCCA. ACA which is one of the
listed bodies.
I have completed my examination. l eonfirni that no matter5 have come lo my attention in connection with th¢
examination giving me cause to believe:
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act,. or
the aecounls do not accord with those records. or
the accounts 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 a5 part of an
independent examination,. or
the accounts have not been prepared in accordance with the methods and principles of the Sialemenl of
Recommended Praelice for accounting and reporting by charitie5 (applicable lo charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102)).
I have no concems and have come across no other matters in connection with the examination lo which attention
Should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached.
Joaniie Evans
FCCA, ACA
M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvei)or Road
Wrexham
LLII IBT
Date.. 28 November 2024
Page 8

REFURBS FLIINTSHIRE
STATEfvIENT OF FINANCIAL ACTIVITIES
(tNCORPORATING AN IIYCOLNIE knND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31ST MARCH 2024
31.3.24
Total
fund5
31.3.23
Total
funds
Unrestricted Restricted
fund
fund
Notes
INCOME AND ENDOWMENTS FROM
Doiialions and legacies
Otlier trading a¢tivities
Investment income
419,266
372,054
30
58,043
477,309
372,054
30
4?3,480
340,030
23
Total
791,350
58,043
849,393
763,533
EXPENDITURE ON
Raising fuiid.
115,005
115,005
93.441
Charitable aetivities
Office eosts
Wage costs
Project costs
217,949
448,900
217,949
474,481
55,452
162,272
464,4lO
80,183
25,581
55,452
Total
781,854
81,033
862,887
800,306
NET INCOME
9,496
(22,990)
(13,494)
(36,773)
RECONCILIATION OF FUNDS
Total funds brought forward
121,868
427.962
549.830
586,603
TOTAL FUNDS CARRIED FORWARD
131,364
404,972
536,336
549,830
The notes lonn part of thesL tinuncial staiell)ettts
Page 9

REFURBS FLINTSHIRE
BALANCE SHEET
31ST MARCH 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted Restricted
fund
fund
Notes
FIXED ASSETS
Tangible assets
12
21,684
379,039
400,723
432,568
CURRENT ASSETS
Stocks
Debtors
Cash at bank 2nd in hand
13
14
41,892
97.470
107,142
41.892
97,470
133,075
42,657
102,627
123,573
25,933
246,504
25,933
272,437
268,857
CREDITORS
Amouiits falling due within one year
15
(136,824)
(136,8241 {151,5951
NET CURRENT ASSETS
109,680
135.613
117,262
TOTAL ASSETS LESS CURRENT
LIABILITIES
131,364
404,972
536,336
549,830
NET ASSETS
131,364
404,972
536.336
549,830
FUNDS
Unrestricted funds
Restricted funds
16
131,364
404,972
121.868
427,962
TOTAL FUNDS
536,336
549,830
The ¢haritable company is enliiled to exemption from audit under Se¢tion 477 of the Companic5 Act 2006
for the year ended 31 st March 2024.
The meinbers have not required the company to obtain an audit of its financial slalements for the year
cnded 3 1st March 2024 in accordance with Section 476 of Ihc Companies Act 2006.
The trustees acknowledge their responsibilities for
(a}
ensuring that the charitable company keeps accounting records that comply with Sections 386 and
387 of the Companies Act 2006 and
{bl preparing financial statements which give a true and fair vicw of the state of affairs of the charitable
company as al the end of each financial year and of its surplus or deficit for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relating io financial stalemenls, so far as applicable to the
charitable cotnpany.
The financial statements were approved by the Board of Trustees and authorised for issue on
.2024 and were signed on its behalf by..
N F Reader - Trustee
The noies fomi part olihese financial siaieinentS
Page 10

REFURBS FLINTSHIRE
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST MARCH 2024
31.3.24
31.3.23
Notes
Cash flows from operating activities
Cash generated from operations
Nel cash provided by operating activities
42,316
Cash flows froni investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
(16.983)
7,000
30
(483)
23
Net cash used in invcsting activities
9.953)
460)
Cha￿￿e in cash 8nd cash equivAlellt5 ill the
reporting period
Cash and cash equivalellts at the beginning of
the reporting period
9.502
41,856
123,573
81,717
Cash and eash equivalents at the end of the
reportillg period
133.075
123,573
The lloies fom) part ot these fiDancial ststements
Page 11

REFURBS FLINTSHIRE
NOTES TO THE CASH FLOW STATEfvIENT
FOR THE YEAR ENDED 31ST ￿lARCH 2024
RECOIICILIATION OF NET INL COINIE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
31.3.24
31.3.23
Net income for the reporting period (as per the Statement of
Financi21 Activities)
Adjustments for:
Depreciation charges
tnleresl received
(Increase)/deereasc in stock.
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Profil on sale of assets
Fixed Asset adjuslmenls
(13,494)
(36,773)
42,464
(30)
763
5,157
(14.771}
(173)
461
43,916
(14,?86)
15,875
33,607
Net cash provided by operations
19,455
42,316
ANALYSIS OF CHAf4GES IIY NET FUNDS
At 1.4.23
Cash flow
At 31.3.24
Net eash
Cash al bank and in hand
123,573
9.50?
133,075
123.573
9,502
133,075
Total
123,573
9,502
133,075
The rtotes fotjn part olthese f￿anLIal slat¢tt)ents
Page 12

REFURBS FLINTSHIRE
NOTES TO THE F￿ANCIAL STATEMENTS
FOR THE YEAR EP4DED 31ST MARCH 2024
ACCOUNTIYL G POLICIES
Basis of preparing the financial statements
Tlie financial statements of the charitable company, which is a public benefit entity under FRS 102, have becn
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities= Statcmenl of
Recommended Practice applicable lo charities preparing their accoun15 in accordance with the Financial Reporting
Standard applicable in the UK and Rcpublic of Ireland {FRS 102) {effeclive l January 2019),, Financial Reporting
Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies
Act 2006. The financial statements have been prepared under the historical cost convention.
The company's presentational currency is pound sterling.
Income
All incornc i.s recognised in the Sialemenl of Fiiiancial Activitics once Ilie cliarity lias entitlement lo the funds, it
is probable that the income will be received and the amount can be measured reliably.
Income is measured al the fair value of the consideration received or receivable, excluding discounts, rebates,
value added lax and other sales taxes.
Expenditure
Liabilities are recognised as expeiiditure as soon as there is a legal or constructive obligation committing the charity
lo that expenditure, il 15 probable that a transfer of economic benefits will be required in settlement and the amount
of Ilie obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been
classified under headings that aggregate all cost rclaled to the category. Where c051s cannot be dircctly attributcd
to particular headings they have been allocated lo activities on a basis consistent with the use of resources.
T8ngible r￿ed assets
Depreciation is provided at the following annual rates in order lo write off each asset over its estimated useful life.
Freehold property
Fixtures and fillings
Motor vehicles
2 /0 on cost
200/0 - 33 /0 on cost
200/0 on ¢05t
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value
of each asscl over its estitnaled useful life.
Stocks
Stock5 are valued at the lower of cost and net realisable value. after making due allowance for obsolete and slow
moving items.
Taxation
The charity is exempt from corporation tax on ils charitable activities.
Fund aeeounting
Unrestricted funds Can be used in accordance with the charitable objectives al the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions
arise when specified by the donor or when fund5 are raised for particular re.%lricled purposes.
Further explanation of the nature and purpose of each fiind is included in thc notcs to the financial statements.
Hire purchase and leasing Commitments
Rentals paid undcr operating leases are charged lo the Statement of Financial Activities on a straight line basis
over Ilie period of the lease.
continued
Page 13

REFURBS FL1Tr4TSHIRE
NOTES TO THE Fif4ANCIAL STATELWIENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charitable company operates a defined conlributioti pct15ion Scheme. Contributions payable to the charitable
company's pension scheme are charged to the Sialement of Financial Activities in th¢ period to which they relate.
DONATIONS AND LEGACIES
31.3.24
31.3.23
Donations
Grants
Other income
l94,396
72,299
210,614
168,939
80,920
173,621
477,309
423,480
Grants received, included in the above, are as follows..
31.3.24
31.3.23
Flintshire County Council
WCVA LFT- Community Fridge
WCVA Landfill Tax- Repair & Reuse Cafe
WCVA Landfill tax - Bicycle Recycling {accrued)
Coop Community Fridge
COOP Winter Wamers
Big Lollery Swap Shop
Bike Project
Tesco Make & Munch
JHR Tru.sl Foodbank Voucher Scheme
Hubbub Community Food Hub
Crowdfunding
Postcode Lottery Winter Wam]ers
Volunteering in Wales
14,467
39,907
14,467
8,729
1,950
I,000
3,526
9.994
6,000
1,000
1,050
5,210
604
19.264
21,646
2,000
2,405
72,299
OTHER TIL4DING ACTivrrIES
31.3.24
31.3.23
Furniture sales
Waste collection & management
Distribution and carriage
Surplus on sale of assets
loo
361,757
10,024
173
9.317
323.664
7,049
372.054
340.030
continued
Pag¢ 14

REFURBS FLINTSHIRE
NOTES TO TUE FINIKNCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31ST MARCH 2024
INVESTINIENT If+4COINIE
31.3.24
31.3.23
Deposit account interest
30
23
RAISING FUNDS
Other trading activities
31.3.24
31.3.23
Purchases
115,005
93,441
CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 7)
Direct
Costs
Totals
Office costs
Wage e051s
Project costs
212,508
474,481
5.441
217,949
474,481
554.452
742,441
5,441
747,882
SUPPORT COSTS
Governance
C051s
Office costs
5,441
NET bNCOMEI(EXPENDITURE)
Nel incomel(expendilure) is staled after charging/(crediling)-
31.3.24
31.3.23
Depreciation - owned assets
Other operating leases
42,464
79,239
43,916
76,096
TRUSTEES, REMUNERATION AND BENEFrrs
There weie iio tru5tees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended
31 March 2023.
Trustees, expenses
Trustee expenses amounted to £nil during the year (2023.. £nil).
cunlinu¥d
Page 15

REFURBS FLINTSHIRE
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31ST NL4RCH 2024
10. WAGE COSTS
31.3.24
31.3.23
Wages and Salaries
Social security costs
Other pension costs
433,944
26.440
14,097
4?5,701
26,301
12,408
474,481
464,410
The average monthly number of einployees during the year was as follows..
31.3.24
21
Refurbs Flintshire
25
No employees received emoluments in excess of £60,000.
I I. COMPARATIVES FOR THE STATEMENT OF FIINANCIAL ACTIVITIES
Unrestricted Restricted
fund
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
364.631
58,849
423,480
Other trading activities
Investmcnt income
340,030
23
340,030
23
Total
704,684
58,849
763,533
EXPENDITURE ON
Raising fund5
93.441
93,441
Charitable activities
Officc costs
Wage costs
Project costs
16?,272
429,851
162,272
464,410
80,183
34,559
80,183
Total
685,564
114,742
800,306
NET INCOME
19,120
(55,893)
(36,773)
RECONCILIATION OF FUNDS
Total funds brought forivard
102,748
483,855
586,603
TOTAL FUNDS CARRIED FORWARD
121,868
427,962
549,830
ontinued
Page 16

REFURBS FLINTSHIRE
NOTES TO THE FINANCIAL STATEfvIENTS- continued
FOR THE YEAR ENDED 31ST fvIARCH 2024
12. TANGIBLE FIXED ASSETS
Fixtures
and
ritlings
Freehold
property
Motor
vel)icles
Totals
COST
Al 1st April 2023
Opcniiig balance adjustments
Additions
Disposals
415,543
98,4?8
(619)
483
29,969
543,940
(619)
16,983
12,800)
16,500
12.800)
Ai 31st Mareh ?0?4
415,543
98.293
33,669
547.505
DEPRECIATION
Al 1st April 2023
Opening balance adjustmcnls
Disposals
Charge for year
30,499
61,300
(1,080)
19,573
111,37?
(1,080)
(5,973)
42,464
(5,g73)
5,220
24,269
12.975
Ai 31st March 2024
54,767
18,820
146,78?
NET BOOK VALUE
At 31 sl March 2024
360,776
25,098
14,849
400,723
Al 31st March 2023
385,044
37,128
10,396
432,568
13. STOCKS
3l.3.24
31.3.23
Stock5
42,657
14. DEBTORS: AMOUNTS FALLING DUE IVITHIN ONE YEAR
31.3.24
31.3.23
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued incotne
58,998
35,000
2,625
847
49,139
35.000
2,6?5
15,863
97.470
10?,627
coniinued
Page 17

REFURBS FLINTSHIRE
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Trade creditors
Social security and other taxes
VAT
Accrued expenses
Deferred Income
51,028
6,678
19,527
23,159
36,432
53,548
5,312
15,737
51,998
25,000
136,824
151,595
16. MOVEMENT IN FUNDS
Nel
movement
in funds
Al
31.3.24
Ai 1.4.23
Unrestricted fuud5
General fund
121,868
9,496
131,364
Restricted funds
Restricted
427,962
(22,990)
404.972
TOTAL FUNDS
549,830
13,494)
536,336
Net movement in fund5, included in the above ar¢ as follows..
Incoming
resources
Resources
expended
Movement
in fund5
Unrestricted funds
General fund
791,350
781,854
9,496
Restricted funds
Reslrieted
58,043
81,033
(22,990)
TOTAL FUNDS
849,393
862,887
13 494)
Comparatives for movement in funds
Nel
movement
in funds
At
31.3.23
Al 1.4.22
Unrestricted fund5
General fund
102,748
19,120
121,868
Restricted funds
Restricted
483,855
(55,893)
427,962
TOTAL FUNDS
586.603
36,773)
549,830
continued
Page 18

REFURBS FLINTSHIRE
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31ST MARCH 2024
Comparative nel tnovemenl iii funds, included in the above are as follows:
Incoming
resources
Rcsources
expended
Movement
in funds
Unrestricted funds
Genei'al fund
704,684
{685.564)
19,120
Restricted funds
Restricted
58.849
(114,742)
(55,893)
TOTAL FUNDS
763,533
16. MOVEMENT IN FUNDS - colltinued
A current year 12 months and prior year 12 months combined position is as follows..
Net
movement
in funds
At 1.4.22
31.3.24
UDre5tricted funds
General fund
102,748
28,616
131,364
Restricted funds
Restricted
483,855
(78,883)
404,972
TOTAL FUNDS
586,603
50,267)
536,336
A current year 12 months alld prior year 12 months combined nel movement in funds.
included in the abovc are a5 follows-
Incomin¥
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
1,496,034
1.467,4l8
28.616
Restricted funds
Rcslricted
116,892
195,775
(78,883)
TOTAL FUNDS
1,612,926
1,663,193
50,267)
Unrestrieted Reserve$
Group fund is an unrestricted reserve which represents the surplus amounts Ca￿led fonvard lo future period5 for
general Spending on sile maintenance and other Costs determined by the Board of Trustees. The receipt of funding
lias not been conlingenl on the resource5 being expended for any purpose other than that detennined by the Board
of Trustees.
continued
Page 19

REFURBS FLINTSHIRE
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31ST MARCH 2024
17. ULTIMATE PARENT COMPANY
The company is under the control of Groundwork North Wales, the pa￿￿1 charity.
Groundwork North Wales is a registered charity, number 1004132. Its Company Registration Nutnber 15
02614714. The charity has the following aims and objectives..
The registered office for Groundwork North Wales is 3-4 Plas Power Road, Tanyfron, Wrexham, LLI16PW.
Improve people's prospects by incre&sing the confidence, skills, well-being and employability ofthose furthest
removed from the labour market, in particular young people,.
Create better places- by helping people to work logethcr to make their surroundings greener, safer and healthier
and gel involved in the way decisions are made about services in their area-
Promote greener living and working - by helping people and businesses leam more about their environmental
impact and act re5pon5ibly to reduce natural resource use and improve health.
18. CAPITAL COMMITMEf4TS
31.3.24
31.3.23
Contracted but not provided for in the financial statements
19. RELATED PARTY DISCLOSURES
During the year the charity purchased services and delivery and overhead recharges from the parent charity
amounting to £146,765 (2023: £84.251) and credited services and delivery lo the parent charity amounting to
£4,688 (2023.. -£1,901).
Trade creditors include a related paty balance with the parent charity of £35,168 (2023.. £20,831).
Trade debtors include a related paty balance with the par¢nl charity of £83 {2023- £3,240).
20. LEGAL STATUS OF THE CHAIUTY
The charity 15 a company limited by guarantee 2nd has no share capital.
Every member promises, if the charity is dissolved while they remaiii a member or within l2 months of their
resignation as a member. lo pay up to £1 O towards the cost of dissolution and the liabilities incurred by the charity.
Page 20

REFURBS FLINTSHIRE
DETAILED STATEMEINT OF FINANCIAL ACTIVITIES
FOR TIIE YEAR ENDED 31ST ￿L￿RCH 2024
31.3.24
31.3.23
Ir*COIWIE ENDOIVINIEP4TS
Donations aiid legacies
Donatioiis
Grants
Other income
160,202
168,939
210,614
173,621
443,115
423,480
Other trAding activities
Furniture sales
Waste collection & management
Distribution and carriage
Cafc Cyfle
34,294
361,757
10,024
173
9,317
323,664
7,049
406,248
340,030
Investment income
Deposit account interest
30
23
Total incoming resourte5
849,393
763,533
EXPENDITURE
Other trAding aetivities
Purchases
Charitable activities
Wages
Social 5e¢urily
Pcnsions
Other operating leases
Rates and water
Insurance
Light and heal
Telephone
Postage and stationery
Advertising
Sundries
Motor and travel expenses
Health and safety
Software and rr support
Repairs and renewals
Protective clothing
Security
Training
Subscriptions
Management charges
Equipment hire
Bad debis
Fixtures and fittings
I15.005
93,441
433,944
26,440
14,097
79,239
3,910
12,734
14,357
2,269
3,003
779
1.075
38,098
4,650
5,836
7,126
3,416
1,457
130
4,849
48,000
252
425,701
26,301
12,408
76,096
8.668
8.368
8,668
8,136
2,281
2,431
1,657
30,359
1,607
2,390
3,236
3,057
1,857
?,798
24,000
120
1,233
43,916
742,442
695,288
Support costs
Governance costs
Bank charges
Profcssioiial fees
Auditors remuneration
343
3,348
1,750
2,762
7,065
1.750
5,441
11.577
Total resources expended
862,888
800,306
r4et income
This page does not torD] Palt of the ststutory finiincial 5taleD]ellts
Page 21