2023-03-31-accounts - County Durham Furniture Help Scheme

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						Page
Trustees' annual report (incorporating		the	director's	report)
Independent examiner's report to the		trustees				12
Statement offinancial	activities (including		income and expenditure		account)	14
Statement offinancial	position					15
Statement ofcash Rows						16
Notes to the financial	statements					17
The following pages	do not form part ofthe financial statements
Detailed statement of	financial activities					27

tatement (including income and expe	nditure account)
Year ended 31Nlarch 2023			2023			2022
		Unrestricted funds Total funds t4ote f R			Totalfunds E
Income and endowments Donations and legacies			1,536 474,419	1,536 474,419		7,011 487,246 85,175
Charitable activities Other income			475,955	475,955		579,432
Total income Expenditure Expenditure on charitable	activities	8,9	558,679 558,679	558,679 558,679		545,918 545,918
Total expenditure Net (expenditure)/income	and net movement	in funds	(82,724)	(82,724)		33,514
Reconciliation of funds Total funds brought fonNard			29,002 (53,722)	29,002 (53,722)		(4,512) 29,002
Total funds carried forward

			2023	2022
		Note
Fixed assets
Tangible fixed assets		14	15,401	20,782
Current assets
Stocks		15	34,498	35,660
Debtors		16	23,890	79,401
Cash at bank and in	hand		8,637	45,696
			67,025	160,757
Creditors: amounts	falling due within one year	17	50,472	50,684
Net current assets			16,553	110,073
Total assets less current liabilities			31,954	130,855
Creditors: amounts	falling due after more than one year	18	85,676	101,853
Net liabilities			(53,722)	29,002
Funds ofthe charity
Unrestricted funds			(53,722)	29,002
Total charity funds		20	(53,722)	29,002

			2023	2022
Cash flows from operating	activities
Net (expenditure)fincome			(82,724)	33,514
Adjustments for.
Depreciation oftangible fixed assets			5,381	7,384
Interest payable and similar	charges		5,295	4,414
Changesin:
Stocks			1,162	84
Trade and other debtors			55,511	(43,352)
Trade and other creditors			('I1,778)	7,705
Cash generated from operations			(27,153)	9,749
Interest paid			(5,295)	(4,414)
Net cash (used in)/firom operating activities			(32,448)	5,335
Cash flows from financing	activities
Proceeds from borrowings			(4,611)	483
Net cash (used in)/from financing activities			(4,611)	483
Net (decrease)/increase In	cash and cash	equivalents	(37,059)	5,818
Cash and cash equivalents	at beginning	ofyear	45,696	39,878
Cash and cash equivalents	at end ofyear		8,637	45,696

9.	Expenditure	on charitabl	e activ	ities by activity typ	e
					Activities
					undertaken	Totalfunds	Total fund
					directly	2023	2022
					F		E
	Furniture scheme and related services				558,679	558,679	545,918
10.	Net (expenditure)fincome
	Net (expenditure)/income		is stated after charging/(crediting):
						2023	2022
							F
	Depreciation	oftangible fixed assets				5,381	7,384
11.	Independent	examination	fees
						2023	2022
							E
	Fees payable	to the independent		examiner for:
	Independent	examination	ofthe financial statements			500	400
	Other financial services					4,676	5,539
						5,176	5,939

Staffcosts
The total staff costs and	employee	benefits for the reporting		period are analysed as follows:
					2023	2022
						F
Wages and salaries					175,726	157,581
Social security costs					7,441	6,673
Employer contributions	to pension	plans			648	551
					183,815	164,805
The average head count ofemployees offull-time equivalent employees during			during the year was the year is analysed	11 (2022: as follows:	10).The average	number
					2023	2022
					No.	No.
Number ofmanagement	staff				2	2
Number ofproject staff					9	8
					11	10

14.	Tangible fixed asset	s
			Plant and	Motor
			machinery F	vehicles	IT Equipment	Total f
	Cost
	At 1April 2022 and 31March 2023		21,369	27,000	9,152	57,521
	Depreciation
	At 1 April 2022		12,060	18,457	6,222	36,739
	Charge for the year		2,327	2,135	919	5,381
	At 31 March 2023		14,387	20,592	7,141	42,120
	Carrying amount
	At 31 March 2023		6,982	6,408	2,011	15,401
	At 31 March 2022		9,309	8,543	2,930	20,782
15.	Stocks
					2023	2022
						f.
	Furniture stock for resale				34,498	35,660
16.	Debtors
					2023	2022
					R
	Trade debtors				17,307	77,425
	Directors loan account				726	686
	Wages debtor				5,857
	Other debtors					1,290
					23,890	79,401
17.	Creditors: amounts	falling due within	one year
					2023	2022
	Trade creditors				23,452	22,037
	Accruals and deferred	income			900	900
	Social security and other taxes				26,041	27,288
	Other creditors				79	459
					50,472	50,684

Creditors: amounts falling due after more than	one year
	2023	2022
		E
Bank loans and overdrafts	43,372	47,983
NE Social Fund loan	37,877	40,788
Key Fund loan	4,427	13,082
	85,676	101,853

			2023	2022
Income and endowments
Donations and	legacies
Donations			1,536	1,011
County Durham	Community	Foundation		6,000
			1,536	7,011
Charitable activities
DCC Projects			312,353	207,907
Furniture scheme and related		services	119,744	90,770
Housing support projects			24,149	24,013
Winter support	fund		18,173	164,556
			474,419	487,246
Other income
Covid support grants				4,000
Job Retention Scheme				31,499
Kickstart grant				14,276
Insurance claim				35,400
				85,175
Total income			475,955	579,432

	2023	2022
Expenditure
Furniture scheme purchases	223,584	231,605
Wages	175,726	157,581
Employer's NIC	7,441	6,673
Pension costs	648	551
Rent and rates	53,364	56,246
Light and heat	12,190	9,545
Insurance Other premises costs	8,530 6,191	7,996 6,'491
Motor vehicle costs	25,992	23,863
Staff and volunteer expenses	17,307	19,039
Accountancy fees	6,526	5,939
Telephone	3,776	2,999
Ofhce costs	1,336	1,425
Depreciation	5,381	7,384
Interest payable	5,295	4,414
Other expenses	5,392	4,167
Totalexpenditure	558,679	545,918
Net (expenditure)/income	(82,724)	33,514