REGISTERED COMPANY NUMBER: 04367121 (England #nd W*les) REGISTERED CHAIUTY NUMBER: 1093176 REPORT OF THE TRUSTEES AND UNAUDITED FINANCL4L STATEMENTS FOR THE YEAR ENDED 31Jt Mar¢h 2025 FOR REFURBS FLINTSHIRE
REFURBS FLINTSIIIRE CONTENiS or THE FINANCIAL STATEMENTS FOR THE I'TAR F.NDED 31st Ilarth 202S Report of the Trustees I to 7 Indendent Examin¢rf$ Rwrt Statement of Finpncial Adiviti¢s Balance Sheet io Cash Flow St&tement li Notes to the Cash Flow Ststcm¢nt 12 Not¢s to the Financial Statements 13 to 21 D¢tsiled Statement of Financial Activiti 22
REFUR FLINTSHtRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 318t Mareh 2025 The trustees who are also directOTS of the charity ftir the purwpses of the Companies Act 2006. present their report with the financial statemenis of the charity for the year ended 3 1st March 2025. The trust¢e5 have &dopt¢d the provisions of AccouThting and Reporting by Charities- Siatement of Recommetlded Practice applicable to Charities preparing their accouThts in accordance with ihe Financial Reporting Standard applicable in the UK and Republic of ITeland {FRS 102) (effective l January 2019). OBJECTIVES AI¥D ACTIVITIES Objectives and aims The obje¢tiv¢s and aims of the chaxity as set out in the Memorandum and Articles of Asso¢i&lioii are &$ follows.. l. To relieve poverty by Ihc provision of quality affordable furniture and household 8ood$ to members of the local community who are in nccd. 2. To wnduct research and colle¢t inforniation in order io educate the community about the e¢onomi¢, social 8nd envirotun¢ntal benefits of re.use and Te¢y¢ling and the reduction of pollution and protection of the environment that results from Ih¢s¢ activities. 3. To conserve and protect the physic and natural environment by the promotion of sustainable waste mamagement practices in a¢cordan¢e with the best pracli¢abl¢ ¢nvirortmental option. 4. To relieve un¢mployment by improving th¢ employability of disadvantaged individuals ihrough the provi$ion of work placement. training and volunteering opporhmities. The trustees have r¢ferttd to the guidanLe conlaincd in the Charity Commission's general 8uidan¢e on public knefil when reviewing the ChIty'S aims and objectives and in planning future activities. In particular, the trustees consider how planned activities will ¢ontribute to the aims and objectives they have sel. Overvlew of Ihe Year It was ayear of uutstanding p¢rforniance in our core operational areas of bulky household wa51e, voids and general house clearance, sofa deconstruction, and the retailing of recycled and upcycled g(?ods. After several successful years the paint pilot for Clywd Alyn Housing Association come to an end. The repair and reuge centre with Lommunity café at Buckley, while fulfilling ils social and environmental functions Succsfij1Iy, required an adjustment of organisation and focus to ensure its future viability. We were able to m8ke good progress across & range of importanl projects with the consistent themes of wasie prevention, repair, r#•US¢. inclusivity and cominunity ¢ng8gemenl. Our overriding consideration throughout the year continued to be to saf¢guard the health, saftty and wellbeing of our staff, our volunleers. our customer$, and our other slakeholdtrs. Our key achievements in the year are described in mor¢ detail later in the report. Publi¢ Bentfit Statement Our ¢haritAble objectives are 85 stated above. Statement of Compllance The TnJst¢es have referted to the Charity Commission's general guidance on public ben¢fLt when reviewing 2024-25 activities and making plans for future p¢riod5 and believe that they have complied with their duty to have due regd to this guidan¢¢. In particular. the Trustees hav¢ ¢onsidered how all the org8ni5ation's 8Ctiviti¢s ¢ontribute to the charitable objectives. All the Trust's activities focus on improving the quality of lile for people and the plac¢s in which th¢y liv¢ - focusing on the most disadvantaged people and places in Wales and England. IdentifJ8ble Benefits In tertns of identifiable benefits, Refurbs delivers projects and programmes. manages contra¢tS. and delivers s¢rvi¢¢s ordIng to its obje¢tives. with the resulting benefits of reduced environmental impacts and greener Communities asS North Wales, reducing carbon emission5 to help to tkIe climate chang¢. R¢fiJrbs aims to help the public lo mak¢ sustainable development a reality. respecting nature's limits and supportin8 th¢ Welsh Govertunenvs commitment to future generations. Page I
REFURBS FLINTSHIRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st March 2025 Benefit to the Publie Our approach is always to work in partnership with others from the public private And voluntary sectors. to add yU¢ to wider plans for m&ximum impact to the public. Our role in these partnerships is usually to find ways of helping deprived ordisadvantaged local people to gel practica]ly involved in d¢¢is&ons and actions. As such, our work is designed to address the needs of all sections of the community, and we provide equal access to our services regardless of race, gend¢r. disability or sexual orientation. Achievements ond Performnce on ChAritgble Activitits Maln Op¢r4tio The charity has ¢ontinu¢d to collect bulky household w8ste and to redistribute household goods to lower incom¢ households al affordablc prices. These redistributcd household goods might oth¢n¥ise hav¢ iK¢n discarded as waste to landfill. Refurbs has also continu¢d to deliver cleaning and ¢l¢arnttce services for Flintshire County Council's {FCC) void propertie5. This contra¢1 was for an initial period of ttvo y¢ars and has been subject to a series of fixed t¢rm exiensions. There has been aft Incre in Ih¢ number of sofas inLlud¢d in the bulky collection and those which could not be recycled were chaJuJell¢d to the Oakenholt sile wher¢ the sof8 deconstruction team ar¢ based. Our sofa deconstruction offering continued to show thc value of partnership working alongside Flintshire County Council. Legal restrictions relating to the we and prence in upholstered domestic sealing of persistent organic pollutants (POPS) which apply in England yet to be impletnented in Wales. This could have seriou3 implications for operations and associ&led cost5 at Refurbs, in particular bulky waste and sofa deconstruction. A watching brief is bein8 maintained. The retail business continued lo operate successfully at the Flint sile throughout the year. Onlinc sales in particular through the Facebook marketplace have expanded Success11Y. Across the GWNW Group the acciiracy of financial infomiation and quality of financial management has b¢en improved. In th¢ cose of Refurbs ihis has enabled a more forensic omd commercial understanding of the costs and viability of the diffeient are&8 of business and helped to inform the r¢n¢gotiation of, and ret¢ndering for, contracts. Tighter control hag been exercised over costs, while activity levels and associated income have generally increase(L generating a ple85ing contribution to fjroup overheads for the year Buekley R¢p8lr and ReuJ¢ Centre wlth Community Café The successful establishment And eArly months of operation of the centre and café. which a in the ownership of Refurbs. were heralded in the 2021-22 and 2022-23 annual trustees report. The cenire hds become a focal EM)int for the local community and great re1lOn$hIps havc b¢¢n frinned. The centrc continues lo fulfil its objective of promoting education 8nd behavioural Change on waste and recycling initiatiV¢S, &8 well as providing volunt¢ering OprtUnItieS for loc people. An extcnsive programme of repair. rccycling, and upeycling workshops and session5 has been run successfully throughout thc year. The café complements thc centre and providc5 th¢ oppottunity for quict enjoyment and Social interaction. How¢v¢r, with our improved undw518nding of the financial dimension of the busin¢5S, it bec8me clear Ihal the Buckley establishment, in particular the café. was running at a loss (refle¢t¢d in the holding Company's. GWNW'S a¢Unts}. To ensLW¢ ils fvture viability and susthinability il was necessary to implement appropriate remedial measures in¢luding chan8in8 stsffing Bmngements ajid revising the balance ofuse ofthe site. Tighi management will continue lo be exercised to achieve the tar8el of breakryeven. Page 2
REFURBS FLINTSHtRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st Mareh 2025 Community Fridgt The Community Fridge located at the Refijrbs site in Flint is well established. We hAve now come to the end of our two- year funding arran£em¢nt from the LandfIll Fund and through that period we gained 337 members to the community fridge and saved 17.4 tonnes of food fmm going to landfill and avoided the associated C02 emissions. We ask for a £3 donation to attend ihe fridge which sUprtS the running costs. with the balance being paid by other subscription funding we have secured. The Hubbub Corporate Campaibm ("Community Fridge Creating More Connections") h&$ conlinued io reach out to local communities and organisations to support ihe fridge. with several companies now hosting a food amnesty tu1 collection wini for sutplus food items, which will be distributed to the local community through the Community Fridge. Regular website updates about the Community Fridge are shared alongside a social media awareness ampaign. We are delight¢d io play our part in easing the food povety challenge in the communiry. as well as lo b¢n¢fit the natural environment by reducing food wasie disposals lo landfill gnd consequent greenhouse gas emissions. Future ProJeet$ Pr¢p8xalions ar¢ in place for piloting a new rural fridge offer early in 2025-26 with funding from Hubbub Start-up Gront. Our fridge in Flint has d¢monstr8ted great success in an urban context and we ox¢ now aitning lo m8k¢ a fridge accessible to individuals who liv¢ in rural parts. Treuddyn is a village with limited public tran3porL while surrounding villages Co¢d Talon, Pontybodkin. L11ydd. Leeswood and Frith are sited in areas of rural poverty 3Jound Buckl¢y town. Locatin8 the fridge in Treuddyn will furth¢r 15t these local communili¢s with lack of ac¢¢ss to Buckley IowTr-reinforcing our twin objectives of relieving food poverty and prev¢nting food waste. Consislenl with our objective to revuse and recycle and &void waste going to landfill, we hav¢ secured fijnding from Wrcxham CBC for setting up and piloting a Library of Things and Repair Café at Ty Pawb in the centre of Wrexham. with the pilot stage being planned io operate from May until the end of October 2025. EJt•t¢ of P¢ter Jones Legacy We are indebted to the Estate of the late Peter Jones for two generous legacy th)nlon5 amuunting to £35k and will ensure that ihe sum is used in a¢¢ordance wilh their expresKd wish¢5 forihc purpos¢ of r¢siJenis in Flint lo bcn¢fit from recycled item& especially bicycle recycling. Financial revitw Flnaneial position We have been able to Secure total income for th¢ y¢ar 2024.25 of £930.076 The main SoU¢S of funding have ken: Local Authorilics Housing Asso¢i8tions Charitabl¢ Trusts Rclail Sales 597,733 54,757 54,182 223,404 Achievements and P¢rforniAllee People helped lo reduce wosl¢ from Landfill - Waste diverted from Landfill- Waste diverted Iremoved from public 5pace- People supported to make Gr¢en¢r Choices- Food wastelsurplus redistribukd C& s&vings from Waste Food distribution- M¢mb¢rs of Communtty Fridg¢- Volunteers Engaging- 1.874 123 tonnes 488 tonnes 269 10.41 Ikgs 29.120k8S 332 members to date 42 regular volunteers donating 544 hours of lime. Page 3
REFURBS FLINTSHIRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 318t Marih 2025 Reserves policy The charity's reserves are generated from UTbrestri¢led sources.. grant incom¢, donations. trading activities and fundraising. The res¢rv¢s policy of the charity is reviewed riodICallY. The Board of Trustees h&s established a policy wh¢r¢by the unrerIc1ed funds not committed or invested in tangible fixed assets held by the charity should be of sufficient Tnagnitude to meet a Tange of unpredictable expenditure and other emergencies, such as a siEnificant drop in fimding. The trustees h8v¢ continued to reviewthe charity's requirements for reserves considering the main risks to the chArity and have sei appropriate budgets to maintain sufficient reserves in the future. The tTuslees discuss the l¢v¢l of reserves al their meetings based on rep)rts produced by the CEO, which allows them to monitor and manage the r¢s¢rves. Following a formal review of the reserv¢s policy durin8 2022-23 the trustees resolved that Ihe appmpriate level of unrestricted reserv¢s would be a minimum of 3 months of unrestricted expenditure. As al 31" Mar¢h 2025 th¢ unrestricted r¢s¢rves total was £282,383 equivalent to 4.6 month& Finantial Strtegy Essential Components of our strategy e Ih8t fijll cosl re¢ov¢ry is achieved. that our organisl0n$ continue to build their re5¢rYes and that good cash flows are maintained. To Ihis end we will endeavour to: ensure we have sufficient working c&pital, no less thon 3 months, by buildin8 our uThr¢strict¢d reserv¢$ ¢nsure we have the right product and service Tnix becen grgnt and nonvgrarkl fund¢d activities so as lo reduee financial risk develop our product and service offer to ensvrc cover our costs and remain financially viabl¢ Through our onnual business plans we aim to move towards a more suslainmble future for the 8roup and for Refvrbs as an entity. Financlal and Risk ManAgement Objectlvu and Polieies Fin8ncig1 Instrument Th¢ charitable company's OFeraiion5 expose it to a variety of financial risks including price risK credit risk. liquidity risk and c&sh flow risk, The chBritable company's principal financial instrutnents comprise sterling bank accounts logether with trade d¢btors atid trade creditors that arise direcily from operations. Price ri$k- Price risk is managed by monitoring the market. ¢Yent rates of inflation and costing produ¢tJ and serYic¢s in accordance wiih these f8¢tors. Credit riik- Credit risk is mili8at¢d by monitoring and mpn8ging the credit limits 8ivcn to our customers. Liquldlty rlsk - Liquidity risk is managed by maintsining a balanced mix of income streAms, with a r¢stri¢tion on the number of contracts baKd on payment by results or whffe payment is in arrcar5 at any one time. Cash flow rlsk - is managed through our credit Mana8ent procedures, cash flow forecasting and negotiation of payment terms wher¢ Practib]e. Risk Man¥8etnent The trLlStees review the risk register regularly and consider the major risk5 to which the group is exposed via the GWNW Group Board's Risk Assurance sUGroup. The principal risks to R¢fiwbs and the Groundwork North Wales Group ar¢; Financial. Data prolection and wMplic¢. Safeguarding. Peopl¢. lead¢rship. and culture. Gov¢rngrAce and regulatory. Cyber security and ICT failure. Business continuity. Reputation. Health & s&fety Page 4
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st March 2025 Planj for Futyr¢ Periods The charitable group's plans for the forthMing year are to review its activities ill line with the charitable objects and t priorilise th¢ development of those areas wh¢Te th¢ gre*est growth and impact on the ground can be hl¢ved. A strategic plaTh for 202£k2027 has been dev¢lop¢d and approved by the Board and will provide the frarnework and direction for futur¢ business activities. lrnproved fuwicial systems and fin¢la1 mgnagement Capacity within the GWNW Group will ensure a better understanding of the tinancial aspects across the range of the Refurbs business and will support future business decisions. STRUCTURE, GOVERNANCE AND MANAGEKENT Governing Document The charity was established by its governing documenL a Iked of trust, and constiteS a limited company, limited by guar4nlc¢. as defined by th¢ Companics Act 2006. The charity is controlled by ils Memorandum and Articles of Association dated S Febnjary 2002 (and amend on 14 June 2004, 2 June 2009. 22 February 2018, and 6 October 2021). The m03t reccnt amendment$ madc to the Articles in October 2021 w¢r¢ trj extend the arca of b¢n¢fil lo Walcs England. to make provision for the holdtng of an AGM, and lo align the appointm¢nt terni of trustees wilh the thrce-year lerni gpplied by the holding ¢ompany, Groundwork North wes. All the memlxrs of th¢ company agree lo contribut¢ £10 in the event of the charity windin8 up. The cotnpany is registered with the Charity Commi55ioners. R¢erui¢mtnt And Appointment of Iyew Trugtees The direclors of the company are also the charity's trustees for the purpo8e8 of charity law and under the company's Articles 8Je known as trustees. Under the r¢quir¢ments of the Memorandum and ArticLes of Association, the trustees are nol required to rctire by rotation and there must be a minimum of hyo trustees and a ]MUM of twelve trustees. All members of the Board of Trustees give their time voluntsrily and received no benefits from the charity. Any expenses reclaimed from the charity are set out in not¢ 9 to the accounts. There were none for 2024-25. New Irust¢es are recruited to the Group Board by open advertisement atid competition and appointments are made to the Board of Refurbs from the Group Board having regard for the skills mix required. Page 5
REFURBS FLINTSHtRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 318t March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational Structure and Decision-making Powers The Group Board retains authority for the overall strategy and wlicy of the Trust and approves the Strategic Plon as well as the annual Business Plan. The BO9 delegates decision making powers to the Chief Executive and to ttvo subgroups: the Finance and Human Resource5 (HR) Sub Group and the Risk Assurgnce Sub-Group. A Board Trustee chairs each SuGroup and the members of the Su&Group are appoinkd by the Board. Tern)s of Reference for the Sub-Groups set down their delegated authority from the Board and sp¢¢ify limitations on the authority for matters which the Board reseeS to itself. Fin*ntt & HR Sub-Group The Finance and HR Sub-Group 15 r¢5ponsible forreviewing the management and annual unts, amendments to policy d matters appcrtaining to the remunerlltion and welfare of the trust's staff. It meets four times a ye8x in between the quarterly board mcctings. Ri$k A$suraThce Sub-Group The Risk Assurance Sub-Group monilors and provides assurance on the GWNW Group of tru$ts' principal risks and supporting risk management pro¢¢ss¢5. The Sub-Group's r¢mit includes health & safety risks, policy pr&dic¢& and perforniancc. It also meets four times a year )head of the quarterly board meetings Induetion and Training of New Trustees New niembers of the Board of Trustees are provided with Ihe Charity Commission's guidance: "The Essential Trustee: What you need to know; What you need to do" and a fiill pack of other trust documents such as the latest annual rewrt and accounts, risk register and business plan. New Trusiees have an induction m¢¢ting with the Chief Executive. members of the Senior Management Team and the Chaii of Ihc board of Truste¥s. Most trustees already familiar with the practical work of the charity. being involved with the chaTity. All new trustees are invited and encouraged to attend a Ir&ining meeting to familiarise themselves with the ¢harity and the conl¢xt within which il operates. It covers.. The oblig&lions of B0d of TN5tee5, Directors and Members. 2. The main docutnents which set out the 0ronal framework ofthe charity including the memordum and Articles of Association. 3. Resourcing and the curr¢nt financial position as sel out in the latest published accounts. Rijk Management The trustees have a duty to i(kntify and review the risks to which the charity is exposed and to ensure appropriate contro15 are in place to provide reasonable &55uranc¢ against fraud and error. All pro¢edur¢5 are periodically revi¢w¢d lo ensure ihut they ntinUe lo meet Ih¢ needs of the Charity. Gov¢rnan¢¢ Review A comprehensive reviw of the governanc¢ of R¢furbs Flintthire and the rest of thc Groundwork North Wales Group of Trusts was conducted in 2021 using the framework for govemance revicws issued by Gtoundwork UK for usc across the Groundwork Federation. While the findings were g¢n¢rally positive & number of improvement adions were identified which were approved ty the B0d. Their fvll implementstion was completed in 2022.23. With rn¢Thtoring support from Pilotlight during 202>24 k¢y aspects of governance w¢r¢ further review¢d leing to the development of a new strategy) the framing of a blueprint for bowd development and successio and improvements An reporting to the boar& all ot which have been progressively implemented during 2024-25. Pag¢ 6
REFURBS FLINTSHIRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st March 2025 REFERENCE AND ADMINISTrATIVE DETAILS Registered Compgny numbtr 04367121 (Engknd and Wales) R¢giJtered Charity numbtr 1093176 istered offiee Unit 1-3 Aber P&rk Aber Road Flint Flinlshire CH6 SEX Trus¢ees M Book¢r R¢tired S Moore Relir¢d H E Wrigh¢ Retired N F R¢ad¢r Retired REFERENCE AND ADMINISTK4ThVE DETAILS Independent Examiner Joanne Evans FCCA, ACA M. D. Coxey 8tMI Co. Limited Ch8rtered Accountsnts 25 Grosvenor Road LLII IBT BAnktrs National Westminsler Benk plc 33, Lord Street LLII ILP R¢port of the tNstees, incorporating a strategic r¢rM)rt, approved by order of the IM)ard of trustees, as the company diTector& on 20th November 2U25 and signed on the board's khalf by.. N F Reader- TTUStee Page 7
INDEPENDENT EXA[ulER's REPORT TO THE TRUSTEES OF REFURBS FLINTSHIRE Independent txamlner's report to the trustees of Refurb8 Flintshire I'the Comp*ny') I report to the ¢harity trustees on my examination of the accounts of th¢ Company for the year ended 31st March 2025. Responsibilities and basis of report As the chaTity's truslccs of th¢ Company (and also ils directors for the purtM)ses of company law) you are responsible for the preparation of the o¢¢ounts in accordance with the Y¢quir¢ments of th¢ Companies Act 20061'ih¢ 2006 Act). Having sali5fied myself that the accounls of the ComwJny ar¢ not required to be audited under Part 16 of the 2006 Acl and are eligible for ind¢pend¢nl examination, I r¢port in r¢spect of my examination of your charity's accounts as ¢arri¢d out under section 145 of the Chwitie5 Act 2011 {Ihe 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5) {b) of the 2011 Act. Independent exgminer's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confum that l am quolified to undertake the exgmination because I am a registered member of FCCA, ACA which is one of the listed FM)dies. I have completed my examination. l ¢onfirni that no matl¢rs have come to my attention in conn¢¢lion with the ¢X8mination giving me cause lo believ¢.. accountin8 records wer¢ not k¢pl in respect of ihe Company as required by s¢ction 386 of the 2006 Act; or the accounts do not ac¢ord with those records,. or the accounts do noi wmply with the accountin8 requir¢m¢nts of section 396 of the 2006 Act other than any r¢quirement that the accounts 8iv¢ a true and fair view whi¢h is not a matter wnsidered as part of 8n independent examinaiion: or the accounts have not iK¢n prepared in accordance with the mdhods and principles of the Statement of Recommended Practice for a¢wuntin8 and reporting by chariti¢s (applicable lo charities prepoting their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come Across no other matters in conneclion with the examination to which attention should be drawn in this reFM)rt in order enable a proper understandin8 of the accounts to be r¢ached. Joanne Evans FCCA. ACA M. D. Coxey Co. Limited Chartered AountEnt5 25 GrosYeDor Road Wtexham LLII IBT Date: 20 November 2025 Page 8
REFURBS FLSHll STATEMENT OF FINANCIAL ACTIVITIES (tYCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE ENDED 3AJt March 2025 31.3.25 Totsl funds 31.324 Total funds Unrestricted Restricted fund fund Notes INCOME AND EIYDOWMENfs FROM Donations and 1¢8acies Oth¢r trading activities Investm¢nl income 469.816 414.311 44,907 514.723 414.311 477,309 372.054 30 Tot81 885,169 44.907 930,076 849.393 EXPENDITURE ON Raising funds 114,785 114,785 115.005 Charltabl¢ aetiviti¢• Otyice costs Wage 513 Project costs 157.150 462.215 157,150 494,855 70,079 217,949 474.481 55.452 32,640 70,079 Total 734,150 102.719 836.869 862.887 NET INCOME 151.019 (57,812) 93.207 (13,494) RECONCILIATION OF FULYDS Toeal fundg brought fonvard 131.364 404.972 536,336 549.830 TOTAL FUNDS CARRIED FORWARD 282 383 347 160 629.543 536,336 The wle5 fo p3rt ofth¢se fuhancial stat*$ Pag¢ 9
REFURBS FLINTSHtRE BALANCE SHEET 31st March 2025 31.3.25 Total funds 31.3.24 Total lunds Unr¢strict¢d Restricted fund fund No FIXED ASSETS Tangible &8s¢ts 12 82,099 346.222 428.321 400.723 CURRENT ASSETS Stocks Debtors Cash at bank and in hond 13 14 44,742 77,352 314,395 44,742 77,352 315 333 41,892 97,470 133 075 938 436,489 938 437,427 272,437 CREDITORS Amounts falling due within ofte yegr 15 (183,041) (183,041) (136,824) NET CURRENT ASSETS 253.448 938 254 386 135.613 TOTAL ASSETS LESS CURRENT LIABILITIES 335,547 347.160 682,707 536,336 CREDITORS Amounts falling due after one year 16 (53.164) (53.164) NET ASSETS 282.383 347.160 629.543 536.336 FUls Utjrestricted funds Restricted funds 17 282,383 347.160 131,364 404 972 TOTAL FUNDS 629 543 536,336 The chgritable company is enlitl¢d lo exemption trom 8udil under S¢¢tion 477 of the Companie$ Act 2006 for the year ended 3 1st mth 2023. The m¢mb¢rs have not required the Company to obtain an audit of ils financial statements for the ye ended 31st March 2025 in accordonce with Section 476 of ihe Compantes Act 2(m. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that Comply with Sections 386 and 387 of the Comp8nies Act 2006 and (b} preparing financial statements which give atrue and fair view of the state ofaffairs of the charitable company as at the end of each financial year and of its surplus or deficit for each fmancial year in aceord8nce with th¢ requirements of Sections 394 and 395 and which othenvis¢ comply with the requiretnenls of the Companies Act 2006 relating to fJnaThcial Sthternet, so far as applicabl¢ to the charitable company. The financial statements were approved by the Board of Trustees and authoris¢d for issue on 20th November 2025 and were signcd on its behalf by: N F Reader- Trus¢e¢ Th¢ Th)t¢5 fomipart of the8e fLolE1 St4t¢EntS PaBe 10
REFURBS FLINTSHIRE CASH FLOW STATEMENT FOR THE YEAR ENDED 3181 March 2025 31.3.25 Noles Cash flows from Dptrntlng aetivitiei Cash generated from operations Loan Interest 189,677 19,455 Nel cash provided by operating tIvitIeS 189.496 Cash flows from invegtlng Aetlvl¢les Purchase of tangiblc fId assets Sale of tangibl¢ fjxed dssets Int¢st received (67,330) (16.983) 7.000 30 1.042 Net cash used in invegtin8 activiti¢$ 66,2881 Cash flowj from flnanclng i¢tlYltl¢s Logn relpl Loan repaentS 60.000 950 Nel cash from fllw]¢ing activities Chang¢ In ea8h •nd eajh equiv8l¢nti In th¢ reporting perlod C*#h cash equivalenti ot the beginning of the rtportlng period 182.258 9.502 133,075 123 573 Caih 4nd c&Jb equlvalentj at the end of the repDrtIDg period 315,333 133,075 Thenotes fo partofth¢% tlnanciai statements Page 11
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 318t Mareh 2025 RECONCILiATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACIIVITIES 31.3.25 Ntt ineome for the reporting period (as ptr the Statement of Flnancial Activitiej) Adjustmentj for: Deprccialion charges Interest received Intercst paid (Increase)/decrease in stocks D¢cree in debtors Incre¢1(de¢rcaSe) in creditors Profit on sal¢ of assets Fixed Asset adjustments 93.207 (13,494) 39.732 (1.042) 181 (2,850) 20,118 40,331 42,464 (30) 763 5.157 (14,771) (173) 461 Net eajh provlded by operations 189.677 ANALYSIS OF CHANGES IN NET FUNDS Ai 1.4.24 C&sh flow At 31.3.25 Net caBh Cash at bomk and in hand 133 075 182.258 315 333 Tot81 133 075 182258 315333 The leS fonD partofth¢se fin8[la7 stalvm Pn8r, l?
REFUR8 FLINTSHtRE NOTES TO THE FJNANCIAL sTATELlNTs FOR THE YEAR ENDED 31st Mirch 2025 ACCOUNTING POLICIES Ba$ls of preparing the finn¢ial statements The financial slalements of the ehaTitabl¢ Company, which is a public benefit entity under FRS 102. have Eten prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: St&temeni of Recommended Practice applicable to Charities preparing their accounts in accordanc¢ with the Financial Reporting Standard appli¢able in the UK and Republic of Ir¢land {FRS 102) (etf¢¢tive l Janu8ry 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and th¢ Companies Act 2006. The fmancial statements have been prepared under the historical ¢o$t ¢onvention, The compony's presentational currency is pound sterling. Income All income is recognised in the Statement of Financial Activities once the charity has entitlemenl lo the tknid4 it is probable that the income will be r¢¢etved and the amount be measured T¢liably. Incomc 15 measured at the fair value of the consideration received or receivabl¢. excluding discounts, rebates, value add¢d and other sales I¢s. Expenditure Liabilities are reCOlsed as expenditure as soon &8 there is a legal or constructive obligation corntnitting the charity to that exp¢nditure, it 15 probable that a transfer of economic benefits will be required in settlernenl and the amount of the obligation can be MeasUd reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all $t related to the cAte80ry. Where costs Cal0t be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of regources. Tan8lble fixed 88yetJ Depreciation is provided at the following annual rale8 in orikr to write off each asset over its estimated useful lif¢. Freehold propety Fixtures and fittings Motor vehicles 20h.14Yo on cost 20%. 330/0 on cost 200/0 on cost Depreciation is provided at the following annual rates in Ord to write off th¢ ¢05t less ¢stimated residual value of each asset over its estimated useful life. Stoekj Stocks valued at the lower of ¢05t net realisable value. after mAking due allowance ftr obsol¢l¢ and slow movin8 it¢m$. Tax*tion The charity is ¢x¢mpt from corporalion tsx on ils ¢haritAble activili¢s. Fund u£¢ounting Unrestricted fidS ¢8n be used in accordaJ)ce wilh th¢ Charitable obje¢tiv¢s &t the discretton of the tnjstees. Restricted funds ¢gn only be used for paTticular r¢stri¢l¢d purposes within the objects of th¢ ch8Tity. Restrictions aris¢ when specified by the donor or when funds are raised for particular restricted purposes. Furth¢r explanation of the natu and PUTpose of each fund 15 included in the note5 to the financial statements. Hire purch¢ and leaslng commitments Rentals paid under operating leas¢s are charged to the Statement of Financial Activitie5 on a straight line basis over the period of the lease. Page 13
REFURRS FLwfsHtRE NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued FOR THE YEAR ENDED 315t March 2025 ACCOUNTING POLICIES- tontlnued Pension colts 4nd other post-retlrement benefits The charitable company operates a def]ned contribution pension scheme. Contributions payabk to the charitable company's pension schem¢ are chllrged lo the Statement of Financial Activities in the period to whith they relate. DONATIONS AND LEGACIES 31.3.25 31.3.24 Donations Grants Other in¢otne 208.869 62,430 243 424 194.396 72,299 210,614 514723 477.309 Grants rcccived. inGlud¢d in the above. are as ftillows: 31.3.25 31.3.24 Flinlshire County Coun¢il- Core Funding WCVA LFT- Community Fridge Hubbub Wann Hub Payment Wrexham Borough Coun¢il-Lend And Mend Repair and R¢us¢ COOP Winter Warn]ers Big Lottery Swap Shop Sainsburys -Helping Everyone Eat Better Toyota-Food Vouchers Luncheon Club Buckley Hubbub Community Food Hub Austin & Pilkington-Food Pov¢rty FLVC-Locai Food Partnership FLVC-Warm Pla¢e$ Fund VolunteeTing in Wales SPFIFlintshire County Council - Lantern PRrad¢ SPFIFlintshire County Council - Pop Up Events Blakemore Foundation 14,467 9,977 7.000 4,751 1,498 14.467 39.907 3.526 9,994 1,500 1,050 986 4,500 ,000 877 1.650 2.000 2.405 7,567 5,407 200 62.430 OTHER TRADING ACTWITIES 31.3.25 31.3.24 Furniture sales W&8te coll¢¢tion & management Distribution and carriage Surplus on sale of ass¢ls 2.262 397.430 14,619 ioo 361.757 10.024 173 414311 372 054 Page 14
REFURBS FLINTSHtRE NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE ITAR ENDED 31st Mareh 2025 INVESTMENT INCOME 31.3.25 31.3.24 Deposit ace4)unt interest 1.042 30 RAISING FUNDS Other trading 8ttivitieg 31.3.25 31.3.24 PurchaKs 114785 115.005 CHAIUTABLE ACTIVITIES COSTS Support Costs (se¢ note 7) Direct C03t5 Totals Office costs Wage costs Project costs 153,236 494.855 3.914 157. IJO 494,855 70.079 722.084 718 170 SUPPORT COSTS Governance sts oirice costs NET INCOMEI(EXPENDITURE) Net income/(expenditure) is stated after Chargin[Credi11ftg): 31.3.25 31.3.24 Depreciation- owned $¢ts Other operatin8 leases 39.732 42.464 TRUSTEES, REMUNERATION AND BENEFITS Therc wer¢ no trustees, remuneration or other benefits for th¢ y¢8r ended 31 MCh 2025 nor for the year ended 31 March 2024. Trusteu, ¢xp¢n8e$ Trust ¢xpense5 anOUtLted to £nil during the y¢ar (2024: £nil). Page 15
REFURBS FLINTSHIRE NOTES TO THE FJNANCL4L STATEMEIYTS- continued FOR THE YEAR ENDED 31st March 2025 10. WAGE COSTS 31.3.25 31.3.24 Wages and salartes Social security Costs Other pension costs 452.055 28,254 433.944 26.440 14.097 494,855 474481 Th¢ average rnonthly number of employees durirtg the year as follows: 31.3.25 21 31.3.24 21 Refurbs Flintshire No employees recgived cmolum¢nts in excess of £60,(th. 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restrided fijnd fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacie5 419.266 58,043 477.309 Other tradin8 activities Investment income 372,054 30 372.054 30 Tot41 791.350 58,043 849,393 EXPENDITURE ON Raising funds 115.005 115,005 Charitable Aetivitlej Office costs WaB¢ costs Project sts 217.949 448.900 217,949 474,481 55,452 25,581 55,452 Tot*1 781,854 81,033 862.887 NET INCOME 9.496 (22,990) (13,494) RECONCILIATION OF FiJNDS Total funds brought fonvard 121.868 427.962 549,830 TOTAL FUNDS CARRIED FORWARD 131.364 404.972 536.336 eontinued... Page 16
REFURRS FLllYTSHIRE NOTES TO THE FINANCIAL STATEI¥IENTS- contlnued FOR THE YEAR ENDED 31st Mar¢h 2025 12. TANGIBLE FIXED ASSETS Plant Freehold propety Fixtures Motor Machinery & Fittings Vehicles Totsl COST At 1st April 2024 Additions 415.543 98.293 33,669 64.947 547,505 475 At 31st March 2025 415.543 475 100,201 98.616 614,835 DEPRECIATION At 1st April 2024 ch8¢ for year 54.767 24,274 73,195 18,820 146.782 At 31st March 2025 106 186.514 NET BOOK VALUE At 3 1st March 2025 336 502 369 428.321 At 3 1st March 2024 360,766 14.849 400.723 13. STOCKS 31.3.25 31.3.24 Stock5 I& DEBTOILS: AMOIILYTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trath debtors Amounts owed by group undertakings Other debtors Prcpayments and ac¢rued income 27,552 35.000 2.625 58,998 35,000 2,625 847 97.470 Pa8e 17
REFURBS FLINTSlitRE NOTES TO THE FINANCL4L STATEMENTS- contlnued FOR THE YEAR EIYDED 31st March 2025 I& CREDITORS: Amou[s FALLING DUE WNHIN ONE YEAR 31.3.25 31.3.24 Trade creditors Social security and other t&xes VAT Accrued expenses Deferred Income LoEn due within one year 46,222 7.345 18.624 12,923 92.041 51,028 6,678 19.527 23.159 36,432 183.041 136.824 16. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR 31.3.25 31.3.24 L4)bn due after one year 17. MOVEMENT ILY FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unregtricted fundi General timd 131.364 151,019 282.383 Reitri¢ted funds Restricted 404,972 (57,812) 347.160 TOTAL FIINDS 536,336 629 543 Net movement in funds, in¢luded in the above follows: InrnIng resouTce5 Resources Mov¢m¢nt ¢xpended in fimd$ Unrestrlcted funds General ftd 885,169 734,150 151.019 R¢stri¢t¢d fvnds Restricted 44,907 102.719 (57,812) TOTAL FUNDS 930.076 816,869 ¢otLlinu¢4J... Pag¢ 18
REFURRS FLINTSHIRE NOTES TO THE FtNANCL4L STATEMENTS- continued FOR THE YEAR ENDED 31st Mareh 2025 Comparatfvu for movement in funds Net movem¢nt in funds A¢ 1.4.23 31.3.24 Unrejtrieted funds 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 Comparntive net movemeni in funds, included in the &bove are as follows.. Incoming resources R¢sourc¢s expended Movem¢nl in fvnds Unreitri¢t¢d fund• Oeneral fund 791,350 781,854 9,496 Rutrlcttd fundi Restricted 58.043 81,033 (22,990) TOTAL FUNDS 849.393 862,887 (13.494) Page 19
REFURBS FLtNTSHtRE NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued FOR THE EfiDED 318t March 2025 17. MOVEMENT IN FUNDS- ¢ontinutd A current year 12 months and prior year 12 months combTned position is follows: Net movement in funds At 31.3.25 At 1.4.23 Unrestricted thnds General fund 121,868 160,515 282.383 Re8trieted fundi Restricted 427,962 (80.802) 347.160 TOTAL FUNDS 549 830 629 543 A current year 12 months prior ye8r 12 months combined nct movement in fimd5, included in the above are as follows: Incoming resources Resouw¢s Movement expend¢d in funds Unrejtritted fulldi General fund 1,676,519 ,516.004 160,515 Reitrleted fuDdi Restricted 102,950 183,752 (80,802) TOTAL FUNDS 1779.469 699 756 UnreJtri¢ted R¢ierveg Oroup tund is An unrestricted reserve which r¢pr¢sents the surplus amounts e8rried forward lo futur¢ periods for gener sp¢nding on site Maintenance and other wsts determined by the Bowd of Trustees. The re¢¢ipt of funding has nol been conlin8¢nt on the resources being expended for any purpose other than Ih8t deteTmined by the Board of Trustees. Page 20
REFURBS FLINTSHIRE NOTES TO THE FfNANCiAL STATEMENTS - continued FOR THE YEAR ENDED 315t March 2025 18. ULTIMATE PARE[ COMPANY The company is under the control of Groundwork North Wates, the parent charity. Groundwork North Wales is a register¢d Charity. number 1004132. Its Company Registration Numbr 15 02614714. The charity has the following aims and obj¢rtiv¢s: The re8iStered office for Groundwork North Wales is 3-4 Plas Pow¢r ROAIL Tanyfron. Wr¢%ham, LLI16PW. Improve people's prospects by increasing tk confidence, skills, well-being and employability of tl¥)se fvrthest removed from thc labour market, in particular young p¢opl¢; Create bettcr pla¢¢5- by helping people to wurk together lo moke their 5urroundin85 greener, safer and healthier and 8et involved in th¢ way de¢i$ions are madc aEN)ul servi5 in their area. Promote greener living aJ)d working - by helping people and bu5ine55es learn more about iheir enviionmentsl impact and act responsibly to redu¢¢ natur41 resource use and improvc hettllh. 19. CAPITAL CONIMITMENTS 31.3.25 31.3.24 Contracted but not provided for in the fancial statements 20. RELATED PARTY DISCLOSURES During the year the chuity purchased servi¢¢s and delivery and overhead recharges from the pftrent charity amounting to £107,371 {2024.' £146.765) and credited Services And delivery to the parent charity amounting to £2,554 (2024.. -£4,688). Trade creditors include a related party balanc¢ with the parent chArity of £17.085 (2024: £35,168). Trade debtors includ¢ a r¢lat¢d p8rty balance with the parent chlty of £631 (2024: £83). 21. LEGAL STATUS OF THE CHAIUTY The charity is a compgny limited by guarant¢¢ And has no Sho capital. Every member promises. if the chpxity 1$ dis$olved while they r¢main a member or within 12 months of ih¢ir resignation as amernber, to pay up to £10 towgrd$ the cost of dissolution gnd the li&bilities incurred by th¢ charity. Page 21
REFURPS FLINTSHIRE DETAILED STATEMENf OF FINANCL4L AcfiviTIES FOR THE YEAR ENDED 31it March 2025 31.3.25 31.324 INCOME AND EloWMElYrS Donations and ItgAcAe8 Donations Grants Other income 208.869 62.430 243,424 160.202 72.299 210.614 514,723 443.115 Other tr•din8 activities Furniture sales Waste collection & management Distribution and carriage Cafe Cyfle 2,262 397,430 14,619 34.294 361.757 10,024 173 414,311 406.248 Invtstment income Deposit account interest 042 30 Total incoming r¢Jour¢¢¥ EXPENDITURE Other tr8din8 aetfvitl¢J Purchases Ch4rltable attlvltlei Wages Social security P¢n3ions Other operating 1¢e5 Rates and water Insurance Light and heal Telephone Postage and stationery Advertising Sundries Motor and travel expenses Hcalih and safety Software And IT support R¢pgirs and renew&]s Protective cloihing Security Training Subscriptions Mana8em¢nt ¢hargcs Equipm¢nl costs Loan int¢r¢st Depreciation 930,076 849,393 114.785 115,005 452,055 28,254 14,546 61,531 6,575 8.210 15.140 .036 2.980 2,082 9.716 30.228 3,609 4,250 2.931 3,195 1,165 999 5.038 24.000 717 181 433,944 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 48,0(N) 252 718,170 742.442 Support eosls Govtrnance costs Bank charges Professional fees Auditors remuneration 819 1.245 1.850 3,348 Total resources expended Net income 835 130 13495) Tluspage does rK*t foTm partofth¢ finwKiai statemurt5 Page 22