Charity registration number 1096086
Company regSslratlon numljer 04375649 (England and Wale51
9 LIVES FURNITURE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9 LIVES FURNITURE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Irvin Cohen
Rosemary Hadfield M.8.E
Aiitjrew BlalherNick
David Sharpe
Sergio Mussi
Donald Milligan
IAppoinled 12 October 20231
P&ul Rtsdlnyton
IAppoSnled 12 October 20231
Chair
Rosemary Hadfield M.8.E
Andrtsw B181herwi¢k
110 23 December 20231
Ilrom 24 D¢¢embor 20231
TreasurorlS•cretary
INln Cohen
Managlng Dlr•ctor
Marie Frost
110 31 July 20231
Gtn¥r41 Manager
Poul Cheshlre
Ifrom l August to 13
Decgmber 20231
Ilrom 2 January 20241
Sharon Hurford
Ch•rlly numb•r
109fj086
Company number
04375649
R•glstorod offl
25 WharfL3ne
Rickmansworth
Herlfordshire
WD3 1HA
Ind•p•nd•nt •xamln•r
John Wilson FCA ATII
Howard Wilson Chamered Accountants
36 Crown Rise
Walford
Hertfoidshire
WD25 ONE
Bank•r8
CAF Bank
25 Kings Hlll Avenue
Wgst Mall'ng
Kent
ME19 4Ja

9 LIVES FURNITURE
CONTENTS
Page
Trustees. Ipport
Statemènt of Trust8gs' r85ponslbllllles
Indèpandent examinels r¢port
Statement ol financial activities
Ba18nce sheol
1Q
Notes to the financial statements

9 LIVES FURNITURE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Th8 Truste8s pr85ent Iheir repDrt and linanaal 5tatern8nis for the year 8nded 31 March 2D24.
The fin8nei81 ststemeni$ have been prepared in 8c¢ord8n¢e with the 8¢¢0unb"ng poli¢ies set out in note I to the fin8nci81
slatetnenls and cotnply wilh the charitable company's Articles ol Associats"on, Ihe Cotnpanies Act 20(￿ and"AccDunling
nd Reporting by Charrties". Staternent of Recorlltnended Practice applicable lo charitie5 preparing their accounts in
accordance wilh the FlnancSal Reporting Standard applicable In the UK and Republic ol Irelend IFRS 1021 leffectSve 1
January 20191..
Objectives and activitie
The charSlablg company's objects 8r& lo holp rgsldfrnls ol Wallord, Three Rlvgrs and th8 surroundlng areas who are In
conditions ol need, hardship or distress by the prowsion of furniture and accessories and lo provid8 vocational training,
support and work experience for those who volunteer at the scheme.
The charity alms to achi8ve the58 oblectlves by..
• Collecting good quantity, donatad fumitur8 and olher household eff8ds which are no long8r r8quire¢J by lh8 own8rs
and would othe￿ise be deslined lor landfill. Thi$ r&du¢es landlill and 1% 9ood for thè environment by r&du¢ing the
néèd for naw luinllure
• Displaying furniluie and hcus8hold effects SO that People in need can choose frorn these an(J have Ihern delivered
to Ihèir home, If desired.
Recruikn'ng and supporting iJn8mployed volunleers, 8pe¢ifi¢ally, but not ttxclusively. people recovering from mentsl
health problems or who hav8 a l&aming disablity. Th8 Volunteers ar8 offered training lo enable them lo gain
¢onlidence and leam skills th81 will prepare them for work, ￿ther in furniture ￿$toratIon or working in the shop and
d6livary van
Th8 work ol thè charlty has two compl•manlary aclivitl8s - thè furnitur8 recycling showroom land assoelated co118Ction
and delivery, servi¢el and the provision ol ir8lning ¢tsurses and work experi8n¢e. The obie¢llves for e8¢h 3Ciivity for this
year were-.
Furnllur8 Recy¢llng'.
• Increase sa18S to achieve the aim ol rnaking the lumiture recycling busin8ss $811.finanang
Maintain subsidised saltss1SOOAI lor Ihose in need at current levels
Maintaln volunletsr prograrnme 10 flll dilv8r'8 male an(1 showroom asslslanl posillons
Training Courses and Ivork Experience..
Train Students in furniture ro$ioralion
• Assist slud8nts and vulunteors to mov& into further employm&nt or volunteering rol8s
Roise gronl income lo cover the cost ol the ¢OLJrses
The Truslees have paid due regard ¢0 guidance issued by the Charity CDmrnission dècidiro whal 8cllvilies the
charitable company should und8rtak8.
The Trustees have considered the Charity Commi55ion guidance on public benefit. The charity relies on grant5 and
incoma from lurnilurè salgs to covèr its opèrational costs. In sètting lh• leval ol charges for furnllura tha Trustaès considèr
th# acc8S5ibility ol products for thos# on low Incomès oron b8nelit
O Liv¢s Furnitur¢ hos two moin orcos of adivrty..
The volleclion of donaied good quality prgloved second-hand furniture and household goods, saving these iterns
going lo landfill and helping the environrnent arKI local resDurces, which includes the sale and delivery of these
goods from our Rlckmansworth showroom, at 8 50.kn dlscounl to Ihoso In n99d and 01 full prScg lo thè ganaral
public, 8nd
Providino training and work experience to unemployed adults. including those with a learning disability or
OV9ring from mentsl111 health. Tralnlng coursss are provided In lumllure resloratlon (ln the workshopl and many
volunteering I work experience roles lin the 5howroornl, as driver's m31e5 on the delivery v￿, in the office and in
the workshop.

9 LIVES FURNITURE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Our volunt88r5, as alway5, have been Superb..
Administration.. Diane Back
Driver's M3t8s." Greg Hirsl, David Sharpa, Paul Rèdinglon, Ouentr'n Cobharn and Andr8w Blatherwick
Showroom.. 818ph Busby, IN8ndy Rennoldson. Anne Thorni18y, Calharine Payne, Ann8t18 Tirnm5, lan Wyall, Lou
Dosselt, Valerie Cohen, lona Fernandes, Brende Proud, Roberi Langford, Liam O'Keefe. Andrew Thomiley, Anna
Monks, Jonalhon Monk5, Penny Marriott, Ed Sianl8y
Refurbishment.. Phillip Silverton, LOLJ Dossett and Peter Pledstead
We have h￿1 some new starters thrin9 the year.. Louis Jtsrdaan. Pat McLaren-Smith, Aan Judge, c￿le Davidge
Thanks lo those who have now left.. Sue Oak18y, Sheila Cotlrell
All ol the Trusle&s hav¢ also volunteered Sn the showrotsn Ihls year.
OLJr volLJnteers work unsb'ntingly for the benefit ol thè charity, helpin9 wilh furniture remov81, administration, working in thé
showroom. lumilurè restorallon and cloanlng. The Trusloes, who $0 ably a89181 in leadlng the organlsallon. ar8 also
volunt88rs and our thanks go to Ih8m. We would also like to thank all Ihose whD donate household goods.
Achl8vgmonts and pgrfomian¢o
Q l ives Furniture has had anolher slogdy year.
The sales have been wnsislent and we have introduced new media to sell through. We have been selling a few items al
Amer8hem Au¢¢lon8 who offer us a ¢horily rate. Th18 has worked wo11 for u8, and they can al80 provldo us wllh advlce on
Pl8ces we want lo price.
Paul Ch$shlr9. r&¢wllgd after a long search lor Marlg Frost's rgplacern9nl, rellred aflgr slx months of employmgnl. Our
new General Manager, Sharon Hurford, w85 recruited and started on 2 J8nu8ry 2024. She comes with 8 we8llh of
knowledge in charity retail and h?$ already made o big difference to the look of the showroorn ?nd our procedure5.
Since Sharon started, w8 have updated Ihe lighting in the whole building. are working wilh tre landlady to ensure 811
electrics are in line with current safety guidance, upgraded our safety equipment and have introduced new Safeguarding
and Equality Poli¢ig$.
After mu¢h rese?r¢h we ore finally upgredin9 our till and ba¢k-office systems lo a CRS EPOS lele¢lriog1 point of soles)
system. Thi¥ will definitely irnprove the efficiency ol our business atvj in¢rea69 our ability t) ¢laim Gift Aid.
We have gone into partnership with Three R wers District Council providing a voucher system,. this is for people who have
qualified through TRDC for help, dug to hornel8ssness who ar8 Frovidgd wilh a voucher to spend 819 Lives. We havg
been given £5.000 in advance to run this project.
Wg have a supervised workshop on Tuesdays, wherg volunteers work on r$$loring and up¢yGling furniture to be sold in
the showroom. These pieces sell al higher prices in the Emporiurn and are not eligible lor discount.
I he shop has been rearranged, with a designate(I clothing area.
Staff Annual Reviews are in progress.
Safèguardlng & Equality pollclos hav8 baen updat8d.
First Aid Iraining has b88n booked for all paid staff and x>tne volunteers lo altend.
Duk$ of Edinburgh $tudenls working tOW8rd? Iheir bronLe medals ar* regularly brought inl0 9 Live8 for work exp¥ri$n¢?.
We have received 4 new applicalions, who will hopefully be starting soon.

9 LIVES FURNITURE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
We continue to promote th8 charity s actiMIi85 through..
Facebook
Inslagram
• Twitl8r
Website
Sèlling ol Frgnchlc chalk paints
Volunteers..
As Thenlion8d abtsv8, w8 continu8 lo offer Duk8 of Edinburgh sch8rn8 plac8ments for sludants.
We continue lo benefit frorn new volunteers who asslst in the 5howroorn.
We are now receiving help from students at Rickmansworth School with our soaal media aclivilies.
W8 ar8 gral8lul for grants and donallons thls year from,.
Hertfordshire Community Foundation
Batchworlh Cofflmunily Counal
Three Rivers Council
Our Landlady, Lynne Burn•ll
Mary Kinross Charitable Trust
Wa$te Reduction
The collÈetlon And provlsion ol lurnilure eonlinuès to kèèp largè bulky ilÈms OLJt of landllll. Thls yèar 2,969 Items of
furniture and ovér 1,000 small housèhold Items were divèrted from landfill whll81 provlding muth needed gUPPOrt to
households in need.
Premitse#
Our premises comply with the Disability Discrimination Act and the building provides access to the ground and first floor
for wh¢el¢hoSr u99rs.
Fln&n¢lal revl•w
A summary of the thaTty's financial position is attached. We earnee a sm?11 amount of interest on the funds held on
deposit. W8 havg therefore opened a now online Savings acTr)unl with Rgdwood Bank 8nd transferr￿1 £50.000. Wo aro
going to shut our CAF Platinum account, which is under a 95-day notice. We hope lo Iransfer thi8 lo a higher interest rale
3ccount.
During the year the Tnjstees have considered the level of the charity's rese￿es, in line with the Charity Commission
guidelines, Tho Tru51¥gs s¥1 a policy Ihsl rtrllecls th¥ ne&d lo maintain cUr￿n1 operation¥ wMil¥l providing lor lulur
commilmenls.
It is tho policy ol thè charity Ihat unrestrictad lunds, which havè not b88n dssignatad for a spacific us8. should b¥
maintained at a sufficient level to pay off staff and settle the rent to the next break point in the lease. The Trustee5
Consider that reserves at this level wll ensure Ihat, in the event of a 5ignific8nl drop in sale5 income ondlor funding, they
Yiill bg able lo conlinug Ihg fjhorily's Gurrgn1 activities whil? ¢onsidgration is giv9n to ways in whiGh additional fvnds tnay b
raised. The level ol reserve5 is monitored and reviewed four tirnes a year,

9 LIVES FURNITURE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Our source5 01 Incotn8 are as lollcws..
Sales of donated good5, including discounled sales for those in need, 8nd increased Charges for upcyclè
rurnilure.
Sa18s of Fr8nGhic Ghalk paints.
Grants and dongtion5.
Furnitur4 dèlivery chargas Iwa do not -harg8 for collècts'onl.
Gift Aid on the sales ol donated goods.
Voucher schemo with Thre? Rivers Di?Inct Council, which h8S started vlilh £5,000.
Bringing in outs¥Je lulors lo lun paid Gtsurses in Ihg work$hop.
Bank interest.
Kéy areas of 8xp8ndllur• are..
Rènt and runnlro costs lor thè lurnltur9 showroom, workshop and offlces lall in th8 sam8 building). The prémisès
provide the OPPDrtunily to display and sell furnitu￿, whilst the workshop is used for training cc*Jr5es. They also
provide volunteering opportunili8s.
Salarie5 and staff costs.
Van runnlng cost5 to operate the colle*lon and dallvery sor￿Ct.
Professional costs- preparation ol the accounts.
Marketing c0515- ongoing publicity to prornole the work ol the charity and allract custorners lo the showroom.
Purchaslng palnt for r•sal8 in Shop.
U￿Id￿ng th8 Ilghting and 8leclrics.
The new EPOS (till and ￿Ck-OfFIce Syslemsl.
Slgnilicanl pay ris8 to all paid staff in January 2024, lor èxtr* duli88.
R8s8rves Ihat arè not r8qulr8d lor day to day actlvlliès ar8 héld In a separate intèr8sl b8aring bank account.
During the ye8r the Ggneral Man8ger and Trustee3 have continued to 855ess the major risks lo which Ihe tharily is
exposed and have ensured systems are in place lo mitigate exposure lo such risks.
The Trustees have no plans to make signilunt changes to th8 activ￿.￿S ol the charity. Our locus for th8 loroseeable
futurè Is on continuing lo bulld on Ih818v&I of lumltur• sales and securfng grant funding for the tralning courses.
We aim lo xhieve this through..
continued promotion of our activities.
¢onlinuing lo build our onlinè I social mèdia 8¢tivily including sallino iltsn)s online.
flash sal¥s to help maintain a reasonable tumover of stock.
fundraising pro9rammÈ to generate funding for our training ￿￿rSeS.
worklng with local Houslng Trusts and Counells Ic> in¢r&asa Ihe nun)bar ol Rgferred cu8lomer$ who wlll banefbl from
the charity and also increase our incorne.

9 LIVES FURNITURE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structure. 9ovemanc• and management
Q Lives Furniture 18 a Ragisltsred Charity and a company limited by guarante6.
At the end 012023 Rosernary H8dlield M.B.E stepped down as Chair after mgny years of hard worf< and dedi¢alion lo 9
Lives Furniture. Fortunately. Ro8ernary agreed lo slay on as 8 Trust88 bringing her v3$16xperience and invaluable help
for the new Chairman. The whole of 9 Lives Furniture, our volunteers and c4Jslomers owe thanks to Rosemary for her
excellent stewardship ol the charily. We are ￿erY pleased that Andrew Blathe￿rick has kindly agreed lo lake over this role.
The Trustees, who are also the directors lor the purpose of company law. who served during the year were..
Irvin Cohen
Rosemary Hadfield M.B,E
Andrèw 81alherwick
David Sharpe
Sergio Muss1
Stephanie Singer
Donald Milligan
Paul Redinglon
IResigned 8 April 20241
IAppoinl8d 12 0¢lobèr 20231
(Appointed 12 October 20231
An applic8kn.on form lo join the board of the 9 Livés Furniture is available lor ptrlential Trustee&dirtt¢lors, rhè board
r8views this and polenlial candidates are invited lo the premises in Rickmansworth for a lull oveNiew ol the running of the
scheme. All Trustees, who are also directors, are volunieers and unpaid. Vacancies are advertised through the local
Councll8 for Voluntary Servlc88 and In th& local pap&r, Inductlon Irainlny Ilncluding worklng In th& showroornl is glv8n by
th8 Chair and th8 staff to ensure a thorough undersiandlng ol th8 organisation. In addltlon. Iralnlng on th• rol8 and
responslbilllies ol a Trustée 1$ av8ilable.
None ol the Trustees has any beneficial inler&sl in lh8 company. All of the Trusl88s ar8 members of the company and
guarantee to contribute £1 in the event of e winding up.
Th8 charity currèntly has a Manag8m8nt CDmrnitt&è ol sèv8n Trustèes, all DI whom ar8 volunl88rs. At any one Ilme th8r8
are a minimurn ol three Trusiees viilh no n)aximum.
At each Annual General Meeting IAGMI any Trustee who has served for three years musl retire from Office bul may offer
th8m88lv89 for r$-&lecbon Iouglhgr with any new Tru81998 who have boon co-opted by the Tru8lees $lnce th& last AGM,
The Trustees delegate the day to day running of the charitable compony's operations lo the Ggneral Manager.
Staff employed by the Tru51 include..
General Managèr.. Sharon Hurford
Tèam Leader$ Ipari lime- lun the showrotsm, manage the colleetion and dèlivèry $eNice and the showro¢>m
volunteersl.. Toni Manning, RBbecca Johnson, Cdlhdrine Payne Ibank wotl(erl, Al￿ Storer
Driver.. Alan Storer
Tutor,. Peter Plesled
Admin assistsnL' Jo Walker
Our General Manager also rn8intains relationships with a wide range and variety of org8ni58tion5, including..
Mambership of Reuse nelwork.
Local voluntary services nehNork- W3RT.
Recycling- WasleAware,
• Referrals of students and VDlunt88rs- Mencap, N8w Hop8 Tru51, Northwick Day Centr8, A5cEnd, Wafford
Community Mental Health Te8rn, self-referral.
Referrals of customers in need- Cilizens, Advice Bureau, HertsHelp, Thrive Hornes, Watford Community Housing,
Paratligm Housing, sell-relerral, Communily MenLal Health Teams, KeyNorkers, Thr8e Rivers District Council.

9 LIVES FURNITURE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Th8 Truste8s' report wa5 3pprov8d by the Board ol Trustees.
Andrew Blatherwlck
Trustee
Dated.. 24 September 2024

9 LIVES FURNITURE
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
Th8 Truste8s, who are a150 the dir8Ctor5 019 Liv85 Furniture for the purp058 of company kw. ar8 re5ponsib18 lor preparing
the Trustees, Report and the financial statements in a￿ordanCe with applicable18w and United Kingdom A¢counkn'ng
Standards (United Kingdom Gener211y A¢¢opLad Accounting Practical.
Company Law requires the TrusteÈs to prepare finan¢ial statements for each financial year which give a true and fair view ol
thè slatè of affairs ol tha charitablè company and ol thè incoming rasourcès and application ol rèsources, including thè
Incotne and expenditure, of the charitable cornpany for that year.
In pipparing these financial statetn8nts, the Tiustges ar8 r8quir8d lo..
select suitable accounkn'ng pc)licies and Ihen apply them consistently..
observ& th8 m8thods and princlplès In th• Charltlès SORP",
maké iudgarnants and astimal8s that aro r&asonabl8 and prud•nl', and
prepare tho Ilnanclal slatements on the going conc8rn basis unles8 5115 inapproprlal8 lo pr8sum8 Ihat Ihe charitable
company will coniinue in operation.
Th8 Trust88s ar8 responsibl8 lor k8eplng adéquate accountSng r8cords that disclose wlth r8asonabl• accuracy at any Ilm8
¢h• Ilnancial positson ol thè charitdble compdny and 8nabl8 Ih&m to énsurè thal th8 financlal stdl8m8nts cornply with the
Comp8nie5 Act 2006. Thèy are a150 responsible lor saf￿U8rdlng the assets ol thè ¢h8rft8ble company and hen¢e lor taking
raasonabl8 Step8 lor th8 pr8v•ntion and d818clion ol fraud and other irr•gularili8s,

9 LIVES FURNITURE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF 9 LIVES FURNITURE
I report lo the Trustees on my examination ol th8 linanaal slat8m8nls ol g Liv85 Furniture Ith8 charitable company) lor the
year ended 31 March 2024.
Ro$pon$lbllltl&$ and b¥sl$ of roport
As Ihe Trustees ol the charitable o)mpany land also its directors lor tha purposes of o)mpany lawl you are responsible for
the pr8paralion ol th8 financial stalem8nls In 3ccordanc8 witr the requir8m8nts ol the Companies Acl 2006 Ith8 2006 Act).
Having satisfied myselllhal Ihe financial slalemenls of the charitsblp company are not required lo be audited under Part 16 of
the 2006 Art and are eligible for it￿epeNdent examination. I report in respect of my 8xaminats.on of Ihe charitsble company's
financial slalernenls carried aut under section 145 of the Charities Act 2011 (the 2011 AGtj. In carrying o(Jt rny examination I
havg followed all th9 appllcablg Di1g¢llons givon by Ihe Charlly Commisslon undfjr s$¢llon 1451511bl of th9 2011 A¢1.
Ind•p•nd•nt •xamln•r's stat•m•nt
I have completed my 8xarnlnalion. I conllrm that no rnallgrs have corn8 lo my atlentlon In conn8cllon wllh th8 8xamlnallon
giving me cause lo beliave that In any material r8SP8cI'.
accounting records were not kept in respect ol the charitable cornpany as required by section 388 of the 2006 Act., or
the financial statements do not ac¢ord with those records., or
the financi411 st&ilernents do not comply with thè acix)untln9 r8quir•ménts ol section 396 of thè 2006 Ael oth8r than any
requirement that Ihe aceounts give a true and lair view which is nol a mailer considered as part of an independent
examination., or
the finan¢lal statements have nol been prepared In accordance wlth Ihe melhods and prlnciples ol Ihe Statement of
R•comrnend•d Practic8 lor accounting and reportlng by charities applicabl8 lo charilies pr8paring Ih8ir accounts in
accordanc8 wlth th• Financl81 R8portlng Standard applieAbl8 In th8 UK and Rèpublic ol Iréland IFRS 1021.
I have no concerns and have corne acros$ no other matters in connection with the examination lo which 8ltenlion $h?uld be
drawn in thi$ Igport in order lo en8bl& a proper undorslanding ol the financial slalom8nls to b& rea¢hed,
John Wil#on FCA ATII
Howard Wilson Chartered A¢¢ounlants
36 Crown Rise
Wattord
Hcrtfordshiro
WD25 ONE
Dated,. 24 S9pl8tnbei 2024

9 LIVES FURNITURE
STATEMENT OF FINANCIAL ACTtVlTIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
unr￿trict•￿ Rostri¢t•d
funds
funds
2024
2024
Total
Unre8tri¢tod Restri¢1od
fund5
lunds
2023
2023
Total
2Q24
2023
Not9$
In¢omo and endowmfrnis from.,
Danations and
legad6s
Charitable aBlivities
Investments
Other incorne
24,289
90,284
1,209
2,082
10.750
35.039
90.284
1.209
2.082
10.597
88,551
270
436
4,341
14.938
88.551
270
Total Incomg
117,864
10,750
128,614
99.854
4,341
104.195
Ex
endllurè on:
Charitable activities
140,406
2,558
142,966
124,590
124,590
N0t1oxp•ndlturollln¢om• for
the yearl
Net movemEnl in funds
122,5441
8,192
114,3521
124,7361
4,341
120,3951
Fund balances at 1 Aprll 2023
129,481
7,936
137,417
154.217
3,595
157,812
Fund balances at 31 March
2024
106.937
16.128
123.065
129,481
7,936
137.417
The 5talernenl ol fin8nci81 activities includes all gains Ii)$5e8 recognised in the year.
All ineome and exp8nditur8 deriv8 from continuing aetivilies.
The stBternent ol linanclal activities also complies wilh the requirements lor an income and expendlture account under the
Companies Act 2006.

9 LIVES FURNITURE
BALANCE SHEET
AS A T 31 AIARCH 2024
2Q24
2023
Noteb
Flx•d ass•ls
Tangible as￿(5
11
1,241
Currènt assèts
Sto¢ks
Debtors
Cash al bank and in hand
12
13
2,685
9,923
118,531
10,216
131,440
131,139
144,341
Creditors: amounts tslling due within one
yèar
14
19,3151
16,9241
Nel current a55etS
121,824
137,417
Total assets legs current Ilabllltle
123,Of 5
137,41 T
In¢ome funds
Restricled funds
Unr8slrict•d funds
16
16.128
106,937
7,936
129,481
123,065
137,417
Th8 company is enlilled lo the exemption from the audit requirem8nl contained in section 477 01 the Companies Act 2006, lor
the year ended 31 MgrGh 2024.
Th8 dir•ctors acknowl&Yg• théir responsibi1th.￿ lor complying with th8 requir8monts of th6 Companles Act 2006 wlth r8sp8cI
lo aecounlng Mcords and th8 pr8parallon of Ilnandal stat8mènts.
The members have not required the cornpany lo obtain an audit of its financi81 $18lemenls for the year In question in
accordance wilh section 476.
These financial 51alernenls have teen prepared in accordan￿ with the provisions applicable lo cornpanies subject lo the
small ¢ornpgnies re91ff￿.
The financial statements wore approved by the Trustees on 24 Sepltsmber 2024
Irvin Cohen
Tru8t••
Andrew Blatherwick
Tru$t•e
Company Reglslratlon No. 04375fj49
10-

9 LIVES FURNITURE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Ac¢ountSng pollcle8
Ch8rity infowmation
9 LIVGS Furniture is a prlvat& company Ilmiled by guarant88 incorporat8d In England and Wal85. Tho roglst8r8d offlc8 18
25 Wharf Lan•, Rickmansworth, H8rtlordshlre, WD3 1 HA.
1.1 Accounting conventlon
Th& financial stalemènts hav8 b88n pr8parèd in aceordanc& ivith lh8 d)aritabl& eornpany's gov8rnin9 docum8nt. th8
Companies Acl 2006 and "Accounting and Reporting by Ch8nties'. Slalernenl of Recommended Pracb'ce applicable lo
charities preparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and
Republic ol Irèland IFRS 1021 laffèctlvè 1 January 20191. Thè charftablè company Is a PLJbllc 8ènèfit Entity as dèlln8d
by FRS 102.
Thè charllable compBny ha5 taken advantage of thè provlsions in thè SORP for chari￿as applying FRS 102 Update
Bullelln 1 not lo prepare a Statement ol Cash Flows.
Th8 Ilnancial slalements ar6 prepared In 51erllng, which Is the luncllonal currency ol th8 charltable cornpany. Mon8lary
amounts In these financial slalements ara round8d to th8 nearest £.
The linan¢i81 stalements have been prepared under the histori¢al ¢ost Conven￿'0n. The principol acoounting policies
adopl&d are s&1 out below,
1.2 Going conc•m
At the Iirne ol approving the financial slalernenls, the I ruslees have a reasonatsl8 expeciation Ihal the chanlable
company hos adequale resources to conlinlie in operational existence for the foreseeable futuie. Thus the Trustees
conllnue lo adopt the going concern bag18 of accounllng In preparing the Ilnanclal slatemenlg.
1.3 Charltable fund¥
Unr851ricled funds are avallable for use at the discretion ol the Trustees In furtherance of their charKable objecllve8.
R8$lrl¢tod funds are subled to 8pe¢rfle ¢ondillons by donors as lo how they rnay bts u$8d. The purposes 8n¢J uses ol
the restrictad fu￿3 8r8 set out in th8 notes to tha lin8ncial 8tatem8nt8.
Transfers between funds are used vthere there is an overspend on a PBrticular fLJnd beyond the amount originally
funded where the charily has agreed lo meet Ihtr costs from ils unrestricted funds, or where the ¢ondilions relevant lo
the fund have been tnet and it has previously been agreed wth Ihe funder than any remaining funds can be retained by
the charity towards it charitable activities.
1.4 In¢orn•
Income is recognised when the charilable company is legally entilled lo it after any performance conditions have been
mel, Ihe amounts can be moasurgd reliably, and il is probable that income will be re¢givgd.
Cash donations are r8cognis8d on receipt. Othttr donaliuns are rtrcognistrd onc8 the charitable company has been
notified ol Ihe donation, unless performance conditions requi￿ deferral of the amount. Income tax recoverable in
relation lo donations r&ceived under Gift Aid or dèeds ol cov8nanl 18 recognised al the lime of Ihe donation.
Asse15 given for use by the Gharitable company are recognised when receivable.
Incom8 from the sale of dO￿ted 9oods are accounted for when eamed. The value iepresenls the Iransaclional prlce ol
the items sold.
11

9 LIVES FURNITURE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
A¢¢ounting policies
Icontinutdl
1.5 Expendituro
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its
benefi¢iaritrs,11 in¢ludes bolh costs Ih81 c8n be allocatgd directly lo such activitigs and those costs of an indirect natur&
neGe5sary to support them.
Governance ¢osls include those eosls 3&sociated with meeting the constitutional and ststutory requirernènls of the
charity and includ8 the audil or independènt exarnin81ion lees and costs link8d lo Il* stratsgi¢ rnan8gemenl of the
charity.
1.6 Tanglbl• flxed assets
Tangiblé fixgd AsqÉ*l8 ar*+ initially mE+asurftd cost and 8ubBF.qugnffiy mpasurtxl at rnst ar valuatinn, nt>t c)1 d8prgr.iatian
and any impairment losses.
Depr9cialion 1$ re¢ognised 90 as lo wrilF off lh9 Wst or valuation of as¥gts1gss Ihgir residual valugs over Ih9ir ug£ful
live5 on Ihe following bage5'.
Leasehold irnprovements
Computers
Motor vehicles
over period of lease
25 /0 on cost
25% on cost
Th• gain or1099 arising on th• digpogal ol a9S•t Is dgtgrrningd as th• diff8rgncg b91wggn th• galg proefjgds and tb•
carrying value of Ihe asset, and is recognised in slatement of financial acts'vities.
1.7 Impalrmènt ol fixod a88èt8
Al each reporting end dale. the charitable company reviews the carrying amounts off ils tangible assets to delerrnine
wh•th•r Ih•r• 1$ any indicaton that those ass•ts hav• Suff•r￿ an Impaiim•nl loss, If any such indication •xistg. ¢h•
recoverable amwnt of the asset 15 estimated in order to deterrnine the exlenl ol the impairment loss lif any).
1.8 stocks
Stocks are slat*d at th# lower of cost and èstlmated s*lllng prlc* less costs io comDl#tè and sell. Cost comprlses dlr8Ct
materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the
st¢Jcks to their pres8nl locat¥Jn and Eondilion. Il8ms held for dislribub'on at no or notninal consid8ralion are rn8asur•d a1
th• lowèr ol r*plac*mènt cost and co61
Net realisable value is the e5timaled selling price less all e)tirnated costs ol cornpletion and costs lo be incurred in
marketing, selling and dislribulion.
1.9 Cash and cash •qulvalgntS
Cash and cash equival8nls Include rash in hand, dep051ts held at call wth bank5, olher short-lertn liquid Investtnents
wilh original maturities of three months or less, and bank overdrafts. Bank overdrjrts are shown within borrowings in
currgnl liabilthès.
1.10 Flnanclal Instrumènts
Th6 charitable company has 8l¥cted to apply th8 provlslons of Secllon 11 'BasSc Flnanclal Inslrum8nls' and S8clion 12
'Olhor Financial Inslrum8nts 1sSU85' of FRS 102 lo all ol its financial Instruments.
Financlal instruments ara recognlsad Sn th& charitabl8 company's balanca sh8at whèn tho charitablè company
becomes party to th8 Contr￿tUal prowsions of the in5trurnent
Financial assets and liabilities ar8 offsel. with the net amounts pr8s8nled in the financial staternenls. when there is
legally #nfort#ab18 right to s#t off the recogniytrd amounty and thera is an int#nlion Its strttl# on a ntrl bayis or lo r#8listr
the asset and seitle the liablity simultanÈously.
12-

9 LIVES FURNITURE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
A¢¢ounting policies
Icontinutdl
Basie financial •J*ets
Basic financial assets, which include debtors and cash and bank balenc£s, are inili£lly meaSU￿d at transaction price
induding Iransadion wsts and are subsequently ¢arrigd at amortis8d ¢osl using th& 8ffe¢tivg inlertrst method unless
the arrangement constitutes a linanGing Iransaclion. where the transaction is rnea5ured al the present value of the
future re￿ip1S discounted al a rnarkel rate of interest. Financk?l assets classified as receivable within one year are not
amorti99d.
Basic financial liabilities
Basic finanei81 liabilities. inclLJding credilors and bank loans are initially recognised ot transa¢lion pri¢e unless the
arrangement conslilut8s a financing transaction, where the debt inslrumenl is measured al th8 present value ol the
future payments discounted at a market rale ol interest. Financial liabililies classified as payabl8 within on8 year ar8 not
amortised.
Debt Instruments ar8 subs8qu8ntly cari18d al arniYtiS8d cost, using th8 eff8ctiv• Int8r8sl ratè m8thod.
Trade tt8dilors are obligations lo pay for goods or servic88 Ihal have been acquired in the ordinary course ol
opèrations from suppllars. AmoLJnts paiablè are cL4sslflèd as curr8nt Ilablllll8s11 paym8nt Is dLJe wbthin oné yèar or188S.
If not, Ihtsy are presented 8s non4urrenl liabilities. Trade creditots arts recognised inllially 8t trans3¢11on prf¢e 8nd
subsequently measured at amortlS8d cosi using th8 effective in18r8sI rnelhod.
DwKognlilon ¢lflnan¢l•l Ilabllltles
Financial liabilitr'es are derecognised when the charitable company's contractual obligations expire or are discharged or
¢an¢elled.
1.11 Employ•• b•n•flts
The cost of any unus8d holiday 8nlillemenl is re￿niSed in the period in which tho 8mploy88'S 8ervic68 are received.
Teminalion benefits are recognised immediately as 8n expense when the ¢haril8ble Company is demonstrobly
commilled lo terrninale the ernployment of an employee or lo prowde termination b8nefil6.
1.12 R*llrèmont bon•fll$
Paymenls lo clelned contr1t￿liOn r&lir¢menl benefit schem$s are ¢har9&d as an gxp9nse as Ih9y fall due,
Crltleal accountlng èstlmates and ludgern•ntA
In the applicats'on of the charitable company s accounting policies. the Truslees are required to make judgernents,
eslirnales and assumptions 8boul the carrying amDunl ol assets and liabilities that are not readily apparent from other
sources. Th8 estimates and associ8led assutnptions are based on hisloiical experience and olher factors that are
considered to be relevant. Actual resu115 may differ from these estimates.
The 8slimales and underlwng assumptions are reviewed on an ongoing basi8. Revisions to accounting eslimales are
recognised In Ihe period In which the esiimaie Is revised where the reViS￿n affecrs only ihat pen£x1, or In Ihe period or
th8 revlslon and future per1￿$ wher8 the rgvlslon affects both ¢urrgnt future perlods.
13-

9 LIVES FURNITURE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
DonatSon3 and le9acles
Unrestrlcted
fundg
Restrlcted
funds
Totsl Unrestricted
funds
R88trlctad
funds
Totsl
2024
2024
2024
2a23
2023
2023
Donallons and gffts
Grants
11.494
12795
11,494
23,545
9,797
800
9,797
5,141
10.750
4.341
24,289
10,750
35,039
1 D,597
4,341
14,938
Donatlons and glfts
Donations and legacies
Gift Aid receivable
207
11.287
207
11,287
970
8,827
970
8.827
11494
11,494
9,797
9,791
14-

9 LIVES FURNITURE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Donations and ￿gatI88
Icontinutdl
Uhr•Jtrictsd
funds
fttsJtrieted
funds
Totsl Unrèstricted
funds
Re3tri¢ted
funds
Ttst81
2024
2024
2024
2023
2023
2023
Orants r¥¢•lvablo for core
actlvltlos
ASCEND
Co-op Grant
Thrive Hornes
Wolford & Ttir¢¢ Rivors
Trust
Batchworth Community
Grant
Hortfordshife Cornmunily
Foundation
Mary Kinross
Hertlordshirrtt County
Council
Oth8r
1.500
2.295
1,500
2,295
2,000
2,000
5.000
5,000
2,000
2,OOD
5,000
s,000
4,000
4.000
1.750
1,750
800
4,341
5,141
12,795
10,750
23,54S
800
4,341
5,141
Other grants received in the year include those r￿1Ved Irom W3RT and Kickstarter Funds
Charitable *ctiNrytieB
2024
2023
Sales of donaled and r8furt)ish&d lumilur¢
90,284
88,551
In¥•stm•nts
Unr05trl¢tsd Unr•strl¢t•d
fund$
lund8
2024
2023
Interest receivable
1,209
270
15-

9 LIVES FURNITURE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Othfji Income
Unrestricted Unr8Strict8d
funds
funds
2024
2023
Othtsr Income
2,082
Charltabl• acti￿110$
2024
2023
Staff eosts
Depreciation and impairment
Oth8r staff costs
Prernises costs
Inyurance
Repairs and mainlènanc
Offl¢e costs
Volunteer costs
Motor expénsès
Travel and 5ubsislence
Gengral gxpenses
Legal and prolessional
Acwuntancy laag
Other finance ¢05t$
Purchasès
76,838
413
64,242
36,782
3,394
6,182
3,082
363
2.659
134
1,011
1,080
916
2,106
6,806
39,188
3,140
1.270
2,812
479
3.410
870
1.￿0
4,227
141,786
123,390
Govorn8n¢e co$ls - Ind¥p¥ndent Examiner's Fetr
1,200
1.200
142,966
124.590
Fa¥s paid to tha Ind•pond¥nt Examin¥r aré in r•sp8ct of •xaminalion s•rvic•s.
Analys19 by fund
Unrestrieled funds
R¢stri¢ted funds
140,40B
2,558
142,966
For the yoar &nded 31 Mar¢h 2023
Unreslricled funds
124.590
124,590
16-

9 LIVES FURNITURE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
None of the Trust88s lor any p8rson$ ¢onng¢lod with them) received @ny romuneration or benefits from th¢ charilablg
company during th8 year.
Empltsy•e$
Number of employees
The average monthly nurnber ol employ888 during the year wa8..
2024
Numbèr
2023
Num￿1
Dire¢l charitable work
Managèm&nl and administration
Employment costs
2024
2023
Wages and salarie5
Other pension costs
75,321
1,517
82.593
1,649
76.838
64,242
Thèr8 wère no èmployees whos& annual remuneralion was £60,000 or more.
10 Taxatlon
The charity is exempl from tsx on income and gains falling within se¢lion 505 01 the Taxes Act 1988 or se¢tion 252 01
the Taxation of Chargèablè Gains Acl 199210 lh8 exlenl that Ih8s8 are gpplied to ils charitable obj8¢1s.
17-

9 LIVES FURNITURE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11
Tanglble flxed assets
LeJ6ehold
Improvements
Computers Motor vehl¢le$
Totol
Cost
At 1 April 2023
Additlons
29,851
21,635
1.654
32,000
83,486
Al 31 March 2024
29,851
23,289
32.000
85.140
Dgpreciation •nd impairm?nt
At 1 Apnl 2023
Depreciation ¢horged in the year
29,851
21,635
413
32,000
83.486
413
At 31 March 2024
29,851
22.048
32,000
83.899
Carrylng amount
At 31 March 2024
1,241
1.241
Al 31 March 2023
12
Sto¢k$
2024
2Q23
Flnlshèd goods and goods for rèsalè
2.685
2,685
13 D•btors
2024
2023
Amounts falling due within one year..
Oihei debtors
Prepaymenls and accrued income
788
9,135
9,632
9.923
10,218
14 Cr¥dllors'. amounts talllng due wlthln on• y•ar
2024
2023
Notes
Oihar taxotion and social sacurily
Deleried income
Other creditors
Aceru•ls gnd deferred income
682
5,000
525
3,108
15
9.315
6.924
18-

9 LIVES FURNITURE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Delerred 5ncom&
2024
2023
Other delerred Income
5,000
Defèrred incom6 is includèd in thè financial 81atem6nts as folk)ws'.
2024
2023
Deferred In¢Dme Is Included wllhln..
5,000
Movements in th8 y8ar'.
Deleried income al 1 April 2023
Rel¢ased from previous periods
Rèsourcé8 deferrèd Sn the yèar
4,000
14,0001
5,000
D•l8ri8d Income al 31 Marth 2024
5,000
19-

9 LIVES FURNITURE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16
R•strlcted funds
The income funds of the charity include restricted funds comprising the following uneXpend￿ bolance¥ of dgnotion
and grants held on Iiust for sp8Ctfie purposes.,
Movemonl in
funds
Movemgnl in funds
Intt)mlnu
r880urc89
1 Apvll 2022
rnsourc06
1 Awll 2023
exp•nd8d 31 March 2024
Equipmanl Fund
Lollery Fund
Training Fund
Kickslart Fund
Balchworth Community
Council Granl
Hértfordshlr& Community
Fund
1,000
2.595
1,000
2,595
1.CQO
2.595
3,fA)S
4,341
3,750
11451
4,341
4,341
2,000
12.0001
5,000
14131
4,587
4,341
7.936
10,750
12.5581
16.128
The Equipment Fund w85 eslabli5he¢J Irotn donations receiv￿ lo meet the c0615 of equiprnenl lor the offi'ce and
warehouse.
Th8 Tralnlng Fund was 8sta)lish8d from donatlons and grants r8c8lv8d In order to cost th8 cost ol Irainlng coursés, In
P8rti¢ular lurnituie refurbishment.
The Balchworth Communlly Council grant was lo fund repalrs lo lighllng,
Th8 H8rtfordshir8 Comrnunily Fund granl was to cov8r th8 cc6t of Ihe EPOS sysl8m.
17 An#lysls of n•t oss•ts b•lw••n lunds
Unr•$trl¢t•d Re$trl¢tgd
funds
funds
Totsilnr•strlclgd R•$trf¢t•d
funds
funds
2024
2023
Totol
2024
2024
2023
2023
Fund balances al 31
March 2024 are
raprgsgnt8d by..
Tangible assets
Currenl assetsl{Iiabilitie51
1,241
14,887
1,241
121,824
106.937
129.481
7,936
137,417
106.937
16,128
123,065
129,481
7,9J6
137,41T
18
R*lat•d pgrty tr•nga¢tlon$
There were no disclosable related party Iransa¢tions during the year12023- nonel-
-20-

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