Company reglstratk)n number- 05407823 Charity registration number.. 1109873 Good Old Furniture Available (A company Ilmlted by guarantee) Annual Report and Financial Statements for the Year Ended 30 June 2022
Good Old Furniture Available Contents Reference and Admlnlstratlve Details Trustees, Report 2to6 Independent Examlner's Rept ststement of Flnancial Activities Balance Sheet Notes to the Flnanclal Statements IOto18
Good Old Furniture Available Reference and Administrative Details Trustees MrDFel Mr D Ruben5 Mrs C Newborn Mr R Sorrell Mr C Harrold Mrs P Young Ms J Ballett Mr N Robson Ms K Murray-Lambrou Mrs A Robson Charlty Registration Number 1109673 Company Registration Number05407823 The charlty Is Incorporated in England & Wales. Ellis Square Voundervour Lane PENZANCE TR18 4UH Reglstered Offlce Independent Examlner Crane & Johnston c Ltd Chartered Certified AccoLJntants 11 Alverton Terrace Penzance Cornwall TR18 41H Page I
Good Old Furniture Available Trustees, Report The trustees, who are dlrectors for the purposes of company law, present the annual report together wlth the financial statements of the charitable company for the year ended 30 June 2022. Ob5ectives and activitie5 Objects and aims The Charity's objects are, in the area of West Cornwall partlcularly In the Dlstrict of Penwith, to Relleve poverty through the provision of household furnlture and g(x)ds to those persons resident In the area of benefit that have need of such ilems by reason of thelr ne55[tOu5 circumstances. Advance education, training or retraining partlcularly among unemployed people so as to develop work skills, gain work experience encourage social integratlon,, and Protect and preserve the envlronment by edlrcating the publlc In the benefits to the environment of sustainable waste practices including recycllng, carrylng out research into SU5taSnable waste management practi5 and dlsseminating the useful results of that research, The objectlves of the CharSty are mel prlnclpally by., The sourclng by donatlon from the local community and the delivery to the local communlty In necessltous clrcumstance of furniiure. white goods and electrical gdS in exchange for donatlon by a furnlture collectlon and dellvery servlce staffed by the Project Co-ordir7ator andlor volunteers, The provlslon of volunteer tralnlng placements within the Charity managed and supervised by the Project Co-ordinator andlor the Trustees. Placement maybe elther solely managed or operated by the Charlty or In partnership wlth one or more external organlsation5. The conduct rf public talks, fund ralsers. communlty educatlon visits by the Project Co-ordlnator andlor the Trustees and volunteers. Publicbenefit The trustee5 confirm that they have complied with the requlrements of sectlon 17 of the Charitles Act 2011 to have due regard to the PLFbllc benefit guidance published by the Charlw Commlsslon for England and Wales. Page 2
Good Old Furniture Available Trustees, Report Achlevements and performance The year 2021122 has been characterised by becomlng fully operatlonal again following the ending of the restrictions associated with the Covld pandemlc. It 15 Important for GOFA to bulld up flnanclal reserve5 SO that It Is able to repla its delivery van when requlred and to have a contingency should It need to look for new prem15es. Its financlal reseNes fell durlng the pandemlc but substantially recovered durlng 2021122. Employee5 and volunteers have continued to provlde an excellent level of Serv1 to people in need in GOFA'S catchment area, The throughput of furnlture and other goods has Increased again, meanlng that more people a being helped, GOFA has had two young employees on the Klckstart programme, one of whom now has ongoing employment wlth GOFA. GOFA now has three paSd employees In addltlon to Its group of volunteets and is able to sustaln the Increase In salary costs through its Increased actlvity. During the year, GOFA was successful in gaining a grant from the Natlonal Lottery Communlty Fund that wlll come into for In the next financial year. The grant wlll pay for a second smaller van that can be used for vlewing potential donations and collectlng smaller go(Kls. As It will be an electric vehlcle, the grant also covers the cost of Installing a charglng faclllty. In addltlon, the grant wlll cov 500/0 of e5tlmated fuel costs together with the costs of extending the pald workforce so that bcith vans can operate every day throughout the week. This support wlll last for flve year. Communlty Involvement and Support,. GOFA beneflts from a number of Important Ilnks with other communty organlsatlons and our thanks thls year, In no particular order, are glven to., Chapel St Methodlst Church Cornwall County Councll Adult Soclal Care Llvewest Penwith Communlty Development Trust Cornwall College Bolltho Mental Health Trust - The YMCA Job Centre Plus West Cornwall Women's Ald Dlsablllty Cornwall Cornwall mral Communlty Alfred Smiths Penzan Penzance Town Councll These organlsètlons have been crltlcal to the successful targeting of our expanded service thth in supplylng household goods to the communlty and In the recruitment and support of volunteers and tralnlng placements, We would also like to acknowledge the support of Cornwall Coundl, PenZan Town Counal, the Winlfred Potter Chalitable Fund and the Co-op Local Community Fund. Page 3
Good Old Furniture Available Trustees, Report Financial review Durlng the year, the charity continued to deliver Its 5eNlce5 following the prevlous years Ilmlted ba51s due to the ongolng COVID-19 pandemic. Total Income rose from £79,423 to £107,339 largely due to the Increase in activltleg. Total expenditure Increased from £78,182 to É91,938. Overall, the net resulted In a surplus for the year of £15,401 compared tri a surplus of É1,241 In the prevlous year. The unrestricted funds increased to £51,148 from £40,897. The designated funds Increased to £65,663 from £60,513 and restrlcted funds remained at £71. A full breakdown can be seen In note 17. No material debt has been Incurred and there have en Significant disposals In the year. Pollcyon reserves The trustee5 have examlned the charlty's requlrements for reserves In Ilght of the maln rlsks to the organisation. It has e5tabllshed a policy whereby the unrestricted funds not commltted or Invested In tangible flxed assets held by the charity Should equate to 3 months of the annual core costs which Is estimated at £22,000. These reseNes are needed to meet the working capital requirements of the charlty and the trustees are confident that at this level they would be able to continue the current activltie5 of the charity in the event of a drop In fundlng. At the year end, the unrestricted reserves were £51,148. In additlon, the trustees also have a designated 'core cost provision, fund of £22,000. The trustees wlsh to contlnue the process of prudent provision for the future and have a deslgnated fund t(ardS the cost of replacing the van in the future. The vehlcle is essential to the operation of the sery1. At the year end, the balar)ce on thls fund was £13,663. The trLSStees also have a deslgnated fund towards the cost of purchaslng a lease In the future. Premi5e5 are es5entlal to the operation of the seIce. At the year end, the balan on thls fund was £30,000. Page 4
Good Old Furniture Available Trustees. Report Plans for future perlods Aims andkey obiectlves for future periods GOFA has emerged from the Covid pandemlc in a relatlvely healthy state as a consequence of the efforts of the pald employees, volunteers and support orgènlsatlons, who have given time, skill and flnanclal assistance to the Charity. Our charitable objectlves remain as relevant as ever. Unfortunatelyi the need for our servKe remains urgent. As many people are firKling that the cost of Ilvlng is rlslng faster than their pay or benefits, more are looklro to charities like GOFA for help with baslc requlrements. GOFA plans to meet the extra demand by becoming more efficient and expanding. As mentioned above, a signlflcant National Lottery Community Fund grant will allow GOFA to increase efflclency and overall activity in the next flve years, The trustees have made restoring GOFA'S financial reserves to pre-pandemlc levels a priority. The progress made towards this objective in 2021122 wlll be sustained in the cUrnt flnanclal year. However, it is not a goal that overrides GOFA'S mission to support people In need or to provide furniture and g(K)ds free of charge where necessary. We will continue to balance flnanclal problty wlth our m15sion to support local people to enjoy decent living standards at home. Structurei governance and management Nature ofgoverning document The directors of the company {'The Trustees") subject to the Companles Act 2006 and the Charltles Act 2011 and the Memorandum and Articles are responsible for the management of and the exercise of all powers pertalning to the Charlty. The Charity is constituted such that unless otherwlse decided by ordlnary resolutk)n the maximum number of Trustees shall be twelve and the mlnlmum number be three. At the time of incorporation It wa5 agreed that the Initial number (l Trustees would be elght. The accounts comply with current statutory requlrements and the charity'5 governing documents. Recmltment andappolntment of tmstees New Trustees are appolnted after election following a private or publlc Invitatlon at any qualifying Board meeting of the Charlty, The Trustees have appolnted a Management Commlttee who are responslble f(X the operatlonal management of the Charlty. The project manager Ss a member of the management committee. Page 5
Good Old Furnlture Available Trustees, Report statement of trustees, respon51bllltles The trustees (who are also the dlrettors of Good Old Fuinlture Avallable for the purwises of company law) are responsible for prepaylng the trustees, report and the financial statements In accordan wlth appllcable law and Unlted Klngdom Accountlng Standards (United Klngdom Generally Accepted Accountlllg Practi), Indudlng FRS 102 'The Flnanclal Rep)rtlng Stsndanl appllcable In the UK and Republic of Ireland" Company law requlres the trijstees to prepare finandal statements for each finandal year. Under company law the trustees must not approve the flnanclal statements unless they are satlsfied that they glve a true alld falr vlew of the state of affairs of the charltable company and of the Incomlng resources and applicatlon of resources, Includlng Its Income and expendStur4 of the charltable company for that perlod. In preparlng these flnancial statements, the trustees are requlred to: select sultable accountlng w)Ilcles and apply them con51stentty' obseNe the methods and prfnclples In the Charltles SORP. make Judgements and estlmates that are reasonable and prudent. state whether appllcable accountlng standards, comprlslng FRS 102 have been fo51owed, subject to any matsrkal departures dlsdosed and explalned In the flnanclal Statements; and prepare the financial statements ori the golng concern basls unless It Is Inapproprlate to presume that t1 charltable company wlll contlnue In buslness. The trustees are responslbte for keeplng proper accountlng records that can dlsclose wlth reasonable acayacy at any tlme the flnanclal pr)sltlon of the charltable company and enable them to ensure that the financlal statements comply wlth the Companles Act 2006. They are also responslble for safegltardlng the assets of the charStsble company and hence for taklng reasonable steps for the preventlon and detectlon of fiaud and other Irregularltles. The trustees are responslble for the malntenaTKe and Integrity of the corp)rate and flnanclal Informatlon included on the charitable company's webslte. Leglslatlon governlng the preparatlon and d15semlnatlon of flnanclal statements may differ from leglslatlon In otr 5urlsdldlons. Small companles provlsloth ststement Thls report has been prepared In accordan with the small companles reglme under the Companles Att 2006. The annual report was appmved by the trustees of the charlty on behalf by: Mr D Felce Trustee Page 6
Good Old Furniture Available Independent Examiner's Report to the trustees of Good Old Furniture Available ('the Company,) I report to the charity trustees on my examlnatlon of the accounts of the Company for the year ended 30 June 2022, Responsibilities and basis of report As the chèrlty's trustees of the Company (and also Its directors for the purposes of company law) you are responslble for the preparatlon of the accounts in accordan with the requlrements of the Companies Act 2006 {'the 2006 Act,). Havlng satisf(ed myself that the accounts of the Company are not required to be audlted under Part 16 of the 2006 Act and are ellglble for Independent examlnation, I report In respect of my examinatlon of your charlty's accounts as carrled out under section 145 of the Charltles Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Directions glven by the Charity Commlsslon under sectlon 145(5)(b) of the 2011 Act. Independent examinerfs statement I have completed my examlnatlon. I conflrm that no matters have come to my attentlon In connectlon with the examlnatlon glvlng me cause to believe., l. accounttng records were not kept in respect of Good Old Furnlture Avallable as required by sectÉon 386 of the 2006 Act,. or 2. the accounts do not accord wlth those record5,' or 3. the accounts do not comply with the accountlng requlrements of section 396 of the 2006 Act other than any reqLsirement that the accounts glve a 'true and falr vlew, which Is not a matter consldered as part of an Independent examination. or 4. the accounts have not been prepared in accordance wlth the method5 and principles of the Statement of Recommended Pract1 for accounting and reporting by charltles [appllcable to charities preparing their accounts in accordance with the Flnanclal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters In connectlon with the examinatlon to which attentlon shoLJld be drawn In thls report In order to enable a proper urTrderstandlng of the accounts to be reached, Crane & Johnston Chartered Certifled Accountants 11 Alverton Terrace Penzance Cornwall TR18 4JH 10 March 2023 Page 7
Good Old Furniture Available Statement of Financial Activities for the Year Ended 30 June 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2022 Total 2021 Unrestrlcted Restrlcted Note Income and Endowments from: Donatlons and legacles Investment IncMe 95,657 25 11,657 107,314 25 79,401 22 Total income 107 339 Expendlture on: Charitable actlvities Total expèndlture Net income Net movement in funds 15,401 15,401 1,241 Reconciliation of funds Total funds brought forward 101410 71 101481 100 240 Total funds carrled fonward 17 116 811 71 116 882 101481 All of the charlty's activities derive from contlnulng operations during the above two perlods. The notes on pages 10 to 18 fomi an integral part of these flnanclal statements. Page 8
Good Old Furniture Available (Reglstration number: 05407823) Balance Sheet as at 30 June 2022 2022 2021 Note Flxed assets Tanglbk assets li 26,853 31,336 Current a55ets Debtors Cash at bank and In hand 12 13 669 923 90,941 71,009 864 Creditors: Amounts falling due withln one year 14 912 Net (urvent assets Net assets 116 882 101481 Funds of the charlty: Restrlcted income funds Restrtcted fund5 71 71 Unrestricte41 Income fund$ unres1Cted funds 116811 101410 Totsl funds 17 116 882 101481 For the flnanclal year ending 30 June 2022 the charlty was entitled to exemptlon from audit under settion 477 of the Cmpanles Act 2006 relating to small companles. Dlrectors, responslbllltles: The members have not requlred the charlty to obtaln an audlt of Its accounts for the yew In questl¢)n In accordance wlth sectlon 476. and The dlrectors acknOedge thelr responslbllltles foi complylng with the requlrements of the Act with respett to accounting reclS and the preparatlon of accounts. The financlal statements on pages 8 to 18 were approved by tIR trustees, and authorised for Issue on É.14,2.l£tJ3Land signed on URlr behalf by,. MrDFel Trustee Mr C Harrold Trustse The notes on pages 10 to 18 fom an Integral part of these flnanclal statements. Page 9
Good Old Furniture Available Notes to the Financial Statements for the Year Ended 30 June 2022 I Charlty status The charity is Ilmited by guarantee, incorporated in England & Wales, and consequently does nol have share capitsl. Each of the trustees is Ilable to contrlbute an amount not exceeding £1 towards the assets of the charlty irk the event of IlquSdatlon. The address of Its reglstered Off1 Is- Ellls Square Voundervour Lane PENZANCE TR18 4UH 2 Accounting policies Summary of signlficant accountlng pollcles and key accounting estimates The prlncipal accountlng policies applied iii the preparation of these financial statements are set out below, These policTes have been corb51stently applled to all the years presented, unless otherwise ststed. statement ol compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charltles: Statement of Recommended Practice (applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the LIK and Republlc of Ireland {FRS 102)) (Issued In October 2019) (Charities SORP (FRS 102)), the Financial Reportlng Standard appllcable In the UK and Republic of Ireland (FRS 102} aml the Companies Act 2006. Isis of preparation Good Old Furniture Avallable meets the definltion of a public benefit entity under FRS 102. Assets and Ilabilltles are inltially recognised at historical cost or transactlon value unless othemlse stated In the relevant accounting policy notes. Going concern The trustees consider that there are no materlal UnrtaIntleS about the charlty's abllity to continue as a going concem nor any 51gnificant areas of uncertalnty that affect the carrySng value of assets held by the charity. Income and endowments All income Is recognlsed On the charlty has entitlement to the income, it 15 probable that the Income will be retrlved and the amount of the income receEvable can be measured reliably. Page 10
Good Old Furniture Available Notes to the Financial Statements for the Year Ended 30 June 2022 Donations andlegacles Donatlons are recagnlsed when the charity has L*en notified In wrltlng of both the amount and settlement date. In the event that a donation is subject to conditSons that require a level OF performan by the charity before the charity is entitled to the funds, the Income is deferred and not recognlsed untll elther those conditK)ns are fully met, or the fuifilment of those condition5 15 wholly within the contml of the charlty and It is probable that these conditlons will be fulfilled In the reportlng period. Legacy glfts are recognlsed on a case by case basis following the grant of probate when the adminlstratorlexecutor for the estate has communicated In wrltlng both the amount and settlement date. In the event that the glft is In the form of an asset other than cash or a finanaal asset traded on a recognlsed stod< exchange, recognition Is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset havlng been transferred to the charlty. Grants receivable Grants are recognised when charity has an entltlement to the funds and any condltlons Ilnked to the grants have been met. Where performance conditions are attached to the grant and are yet to be me¢ the income15 recognised as a liability and Included on the balance sheet as deferred Income to be released. Investment income Bank interest is recognised On received. Expendlture All expendlture is recognlsed once there Is a legal or constructlve obligatlon to that expenditure, it Is probable settlement Is required and the amount can be measured rellably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category, Where costs cannot be dlrectly attributed to particular headlngs they have been allocated on a basis consistent with the use of resources, wlth central staff costs allocated on the basis of tlme spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charltable actlvltles Charltable expendlture comprlses those costs incurred by the charity In the delivery of Its actlvltles and servlces for its beneficiaries, It includes both costs that can be allocated directly to such actlvltles and those costs of an IndSrect nature nesSary to 5UPPOrt them, Support costs Support costs include central functions and have been allocated to actNity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capits, staff costs by the time stEnt and other costs by thelr usage. Page 11
Good Old Furniture Available Notes to the Financial Statements for the Year Ended 30 June 2022 Governance costs These include the costs attrlbutable to the charity's complIan wlth constltutlonal and statutory requlrements, includlng Independent examinatlon, strategic management and trustees's meetings and relmbursed expenses. Government grants Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or re[vable. Grants- are clas51fled a5 relating elther to rovenue or to assets. Grants relating to revenue are recognlsed In Income over the period In which the related costs are recA)gnised. Grants relatlng to assets are recognlsed over the expected useftjl Ilfe of the asset, Where part of a grant relating to an asset Is deferred, It Is recognised as deferred income. Taxation The charlty Is consKlered to pass the tests set out In Paragraph I Schedule 6 of the Flnance Act 2010 and therefore It meets the definltion of a charitable company for UK corporadon tax purpose5. Accordinglyi the charlty is potentially exempt from tsxatlon in respect of Income or capital galns recdved wlthin categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxatlon of Chargeable Gains Act 1992, to the extent that such income or galns are applied exclusively to charitable purwses. Tangible fixed assets Individual flxed assets costing £1,000.00 or more are inltlally recorded at cost. Depreclatlon and amortlsatlon Depreciation is provided on tanglble flxed assets so as to wrlte off the cost or valuation, less any e5Mated residual value, over thelr expected useful economic life as follows: Asset class Equlpment Motor Vehicles Bullding Improvements Depreclatlon method and rate 15-20% reduclng balan 250/0 reducing balance 5010 Straight Ilne Trade debtors Trade debtors are amounts due from customers for merchandise sold or SeNiS performed In the ordinary course of buslness. Trade debtors are recogn15ed Inltially at the transactlon price. They are subsequentty measured at amortised cost using the effectlve Interest method, less provlslon for Impairment. A provision for the impairment of trade debtors Is establlshed when there 15 objective evidence that the charity will not be able to collect all amounts due accordlng to the original terms of the re1vableS. Page 12
Good Old Furniture Available Notes to the Financial Statements for the Year Ended 30 June 2022 Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposlts, and other short-term hlghly 1Squld Investments that are readlly convertible to a known amount of cash and are subject to art Inslgnlflcant r15k of change in value. Fund structure Unrestricted Sncome funds are general funds that are avallable for use at the trustees dlscretion In furtherance of the objectlves of the charity. Designal'ed funds are unrestrlcted funds set aslde for specific purposes at the dlscretlon of the trustees. Restrlcted Income funds are those donated for use In a partlcular area or for speciflc purposes, the use of which Is restricted to that area or purpx)se. Pens50ns and other post retlrement obllgatlons The cliarity operates a defined contribution pension scheme whlch Is a nSIon plaF) under which fixed contributlOn5 are paid into a pension fund and the charity has no legal or constructive obligation tr) pay furtrhor contrlbutions even if the fund does not hold sufficient assets to pay all employee5 the benefits relatlng to employee seNlce in the current and prlor perlods. Contributlons to deflned contrlbutlon plans are recognised In the Statement of Financial Activlties when they are due, If contribution payments exceed the contrlbution due for servlce, the excess is recognised as a ppayMent, 3 Income from donatlons and legacies Unrestrlcted funds General Restrlcted fullds Total 2022 Total 2021 Donatlons for dellvery charge,. Donatlons from individuals Donatlons for dellvery charges Grants, inclL¢dlng capital grants; Government grants Grants from other organlsatlons 93,635 1,372 93,635 1,372 53,736 1,665 11,657 11,657 18,871 650 650 107 314 Page 13
Good Old Furniture Available Notes to the Financial Statements for the Year Ended 30 June 2022 4 Investment income Unrestrlcted fund5 General Total 2022 Total 2021 Interest receivable and similar income,. Interest re1vable on bank deposits 25 25 22 S Expendlture on charitable activities Unrestricted funds General Restrlcted funds Total 2022 Total 2021 Note Purchases Depreciation Volunteer extknses Rent Rate5 Llght, heat and power Insuran Repairs and malntenance Telephone and fax Envlronmental management Printingi Postage and ststlonery Sundry expense5 Motor expenses Bank charge5 Staff costs Governance costs 302 4,4B3 560 7,320 246 302 4,483 560 7,320 246 1,524 5,240 1,421 4,200 246 2,614 842 2,614 842 979 805 1,813 1,014 1,813 1,014 3,283 934 554 554 475 648 2,157 10,181 914 45,320 648 2,157 10,181 914 56,977 770 2,842 6,888 617 47,094 864 11,657 addltion to the expenditure analysed above, there are also governan costs of £1,313 (2021 £864) whlch relate dlrectly to charitable activltles. See note 6 for further detalls. Page 14
Good Old Furniture Available Notes to the Financial Statements for the Year Ended 30 June 2022 6 Analysis of governance and support costs Governance costs Unrestricted funds General Total 2022 Total 2021 Independent examiner fees Examination of the financlal statements Marketlng and publicity 912 401 912 401 864 7 Trustees remuneration and expenses No trustees, nor any persons connected wlth them, have recelved any remuneration from the charlty durlng the year. No L'rustees have reIVed any relmbursed expenses or ary other befits from the charity durlng the year. 8 Staff costs The aggregate payroll costs were as follows., 2022 2021 staff costs durlng the year were: Wages and salaries Pension costs 55,742 45,854 The monthly average number of persons (Includlng senlor management I leadershlp team) employed by the charlty during the year expressed as full tlme equivalent5 was as follows: 2022 No 2021 No Management and adm5nistratbn No employee reiVed emoluments of more than £60,000 durlng the year. The total employee beneflts of the key management personnel of the charlty were £28,430 (2021 E28,386). Page 15
Good Old Furniture Available Notes to the Financial Statements for the Year Ended 30 June 2022 9 Independent examiner's remuneration 2022 2021 Examination of the financlal statements 912 864 IOTaxatlon The charlty is a reglstered charlty and Is therefore exempt from taxatlon. IITanglble flxed assets Furnsture and equipment Land and bulldlngs Motor vehFcles Total Cost At l July 2021 At 30 June 2022 Depreclatlon At l July 2021 Charge for the year 20,232 24,192 5,356 60 49,780 At 30 June 2022 Net book value At 30 June 2022 339 At 30 June 2021 399 12 Debtors 2022 2021 Prepayments 669 923 Page 16
Good Old Furniture Available Notes to the Financial Statements for the Year Ended 30 June 2022 13Cash and cash equivalents 2022 2021 Cash on hand Cash at bank 7,549 2,272 14 Creditors: amounts falling due within one year 2022 2021 Accruals 912 864 15 Obligations under leases and hlre purchase contracts Operating lease commltments Totsl future minimum lease payments under non-cancellable operatiro leases are as follows,, 2022 2021 Land and buildings WSthSn one year Between one and fNe years 5,500 5,500 16 Pension and other schemes Defined contributlon penslon scheme The charity operates a deflned contrlbution pension scheme. The penslon cost charge for the year represents contrlbutlons payable by the charity to the scheme and amount to É1,235 (2021 £1,240). Page 17
Good Old Furniture Available Notes to the Financial Statements for the Year Ended 30 June 2022 17Funds Balance at X July 2021 Balance at 30 June 2022 Incoming Resources resources expended Transfers Unrestrlcted funds General 40,897 95,682 (80,281) (5,150) 51,148 Deslgnated Total unrestrlcted funds 101,410 71 95,682 (80,281) 116,811 71 Restricted funds 11657 Total funds 101481 116 882 18Analysis of net assets between funds Unrestrlcted funds General Total funds at 30 Juno 2022 Restricted funds Tar)glble flxed assets Current aets Current Ilabllltle5 26,853 90,870 912 26,853 90,941 912 71 Total net assets 116 811 71 116882 19 Control The ultlmate controlling party Is the Trustees who are all Dlrectors of the company. Page 18