COMMUNITY FURNITURE STORE (YORK) LTD TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 'APHIB(XZ• 1W1112022 COMPANIES H(XJSE A03 #184 CoF￿&uN[Th FUR￿￿ STORE (YORK) LTD CoTr￿ENTS OF THE FINANCIAL sTATEMETr￿S FOR THE YEAR ENDED 31 MARCH 2022 Report of the trustees Report of the independent ¢xamin¢r 12-13 Statement of financial activities (including income and expenditure account) 14 Balance sheet 15-16 Casb flow statement 17 Notes to the financial slalements 18-26 The following pages do not forn] part of the statutory financial stslements: Detailed ststement of financial activities 27-29 CoMbAu￿ FURNI￿ STORE (YORK) LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 3 I MARCH 2022 The trustees, who are also directors of the charitable company, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of the Slatement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102) (effective l January 2019). REFERENCE AND ADMINISTRATIVE DETAILS Registered company number 05748697 (England and Wales) Registered charity number 1114605 Registered office Unit 29, The Raylor Centre James Street York YOIO 3DW Tn￿te£S/dIr¢QtoTS Matthew W Knight {Chair. resigmed 19 October 2021) Laura Walker (Treasurer. Tesigned 19 Octtjber 2021) D GTaham Mitehell (Chair and Treasurer from 19 October 2021. resigned as Treasurer 10 May 2022) Rosalind M Batchelor Kelly Cunn￿ghaM (appointed 10 May 2022) Nicholas T Dennison {appoint¢d 14 December 2021) Sally Dillon (VTce Chair from 10 October 2021) Matthew Farrelly Thomas C Ja&iDS Michael kn'rby (resigned 19 October 2021) Prakash Mistry (appointed 14 December 2021. Treasurer from 10 May 2022) Nicola A Mooney (roigDed 16 February 2022) Kevin A Moss (appointed 10 May 2022. resigned 9 November 2022) David J N&sh (appoint￿ 14 December 2021) Susan E Pearson (resigned 19 October 2021) Euuna C Taylor (resigned 19 October 2021) Chief Officer Andrew Waites (to 10 September 2021), Rebecca Blues (from l November 2021) COMFrftTNITY FURN￿ STORE (YORK) LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 Store Manager Joanne Lansell (to I l February 2022) Operations Manager Matt Moore Independent Examiner Peter D Hughes, F.C.A. P D Hughes Consultancy Services Ltd I I Sails Drive York YOIO 3LR STRUCTURE, GOVERNANCE AIW MANAGEMENT (A) Governing Doeument The Charity is controlled by its governing document, a deed of trnsL and constitutes Company limited by guarantee as def￿ed by the Companies Act 2006. The Company has no share capital. Under the mernordndum and articles of association. members of th¢ governing board are directors of the Company and tn￿tee5 of the Charity. (B) Structure and Hlstory The charity is part of a group of three separate charities, all with the same objectives and pury)ose. The other chariti¢s are Community Furniture Store (Selby) Ltd and Community Furniture Store (Ryedale) Ltd and tbey operate in Selby district and Scarborough district. York was first established operationally in 1988 and became a registered charity in 2000, Selby was founded in 2004 and Ryedale in 2014. From small beginnings Ihey have each grown significantly to meet the ever increasing needs of the populations they serve. The existing structure of having three separate clwities will be revi¢w¢d in 2022123. (Q Publie Benefit Statement The trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Chatity Commission. The company is a registered charity whose principal object is the relief of people in need through the provision of fijrniture and other household items. It does this by facilitating the donation of suitabl¢ items of fiWnItt￿e frotn rnembers of the public and commercial enterprises, which arc then made available for sale to people in need at a reasonabl¢ cost. (D) Appointment of Trusteesmirectors Trnst¢es are appointed to serve for three-year periods, one third retiring by rotation at each annual general meeting, but eligible for re-appointment. From 2019 trustee t¢rnis of office have been limited to a totsl of nine years to reflcct Charity Commission good commu￿ FURNITURE STORE (YORJQ) LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 practi¢¢ guidance. The trustees are empowered to extend that maximum terni at their own discretion. Tntstees are recruited througb an open and competitive process which includes consideration of skills and knowledge required to ensure the trustee board has as wide a range of skills and knowledge as possible. The charity maintains a t￿￿te¢ skills 'heat map" to ensure that when recruiting we are seeking the correct skill sets. We are pleased that the range of skills demonstrated provides a good balance across the board. ) ObJective4 Vision and Purpose The objects of the charity applicable in 202112022 are as follows.. To relieve generally or individually persons who are in conditions of need, hardship or distress by the provision by gill sale, lease or othenvise of furniture or other facilities calculated to relieve such persons. To promote the advancement of education by providing education. support and work experience for people who are unemployed or otherwise in need of such training to equip them with the skills necessary to, be abl¢ to find emplO￿nent. To protect and saf¢guard the environment through tbe practice and promotion of more sustainable waste management activities and the education of the public about environmental matters related to reuse and recycling of household and industrial waste. To promote such other charitablc Purchases as the trusteesldirectors deem to be consistent with the object and ethos of the charity. DuTing 2021122, the board of trustees reviewed tbe charitys objects, vision and mission. The use of Vision and Mission Ststement wording has been simplified so as to make it cl¢ar to all what our charitable purposes ate and why we should be supported. The revised version, which is now in use is: What is the Community Furniture Store? Community Furniftwe Store is a socially active. environmentslly oriented organisation that helps local ¢oinmunities to improve homes, lives and lifestyl¢s. Our Purpose Our Putpose is to.. Reuse & repurpose housthold items to improve hon]es and lives Realise people's potential & improve their skills by offering high quality employinent. work placements & volunteering opportunities Actively promote environmentally sustainable living. commu￿ FURNTfuRE STORE (YORK) LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 (F) Review of the Year HEADLINES For York 6,107 household items saved from incineration or landfill. 3,065 (50 %) of donated household items were supplied to 1,430 qualifymg families at discounted prices. The discount T￿e1Ved totalled £46,985. Th¢ discount scheme extended to help refugees and migrants that did not qualify for means tested benefits but were in need. 2,193 affordable new white goods and bedslmattresses supplied to 1.179 families. 346 families support¢d under the City of York Financial A&8istance Scheme. Value of goods Suppli￿ under the scheme was £235,000. 1,678 litres of paint Provided to individuals and charities. 222 tonnes of donated items were leuk￿ saving 224 tonnes of carbon emissions. IT Proj¢ct helps 286 people in need to access the internet by providing fr¢¢ equipment. For All Tbree Charities Significant structural changes in stsffing. A number of new trustees, following vacancies ￿]sIng. l. Board & Chief oificer Changes - all three cbarities In Sq)temb¢r 2021 our Chief Officer, Andrew Waites, resigned to pursu¢ other opportunities. and we were delighted to appoint Rebecca Blues as a new Chief Officer, at the beginning of November 2021. For various unrelated reasons the chariws then Chair, Vice Chair and Treasurer resigmed at the 2021 Annual General Meeting on 19 October 2021. Other trustees have also resigned during the year due to external pressures preventing them from devoting time to the needs of the charity. Since that dat¢. under the new chairnianship of Graham Mitchell and together with Rebecca Blues as Chief Officer. new and remaining tnLSt¢¢s have all be¢n taking an active role in the work of the charities. Th¢ current trustees collectively bring energy, commitment and a diverse skill set, of which the charity is tsking full advantage. Detailed work on organisational structures, resilience, branding. messaging, financial procedwes, specific operational projects and staffing are all in train, with different trustees in working groups with colleagues and staff to take the charities as a whole forward to a stronger. brighter future. There is a real driv¢ to meet the needs of the people w¢ 5crv¢. improve efficiencies, and stsff welfare. Each work PTogramme has been given recognisable milestones and timetables for completion" all the current projects should be completed during calendar year 2023. 2. Sustainability - York The charity s¢¢ks to operdte in as sustainable a way as its resources allow. Working practices have been reviewed to improve efficiency and minimise resource usage. COMMur￿ FUR￿￿ STORE (YORK) LTD REPORT OF THE TRUSTEES FOR THE YEARENDED 31 MARCH 2022 The amount of carbon saved by Tcusing goods is estitnatcd to be 224 tonnes. However, in our operdtions we necessarily create carbon ¢missions. Diesel van usage is controlled by making sure that collections and deliveries are organised in the most efficacious way. Vehicles are regularly maintsined and driving habits are monitored via online tracking systems that record driver behaviour. We will move to electric or hybrid v¢hicles as soon as possible. Our premises are rented and it is not possible to make Physic￿ changes to them, unless the landlord so wishes. so electricity usage is higher than we would like, despite changing to LED lighting three years ago. Our two warehouses are large and take a great deal of heating to maintain staff and customer comfort. Consideration has b¢¢n given to various usage reduction measures and we will continue lo seek ways to r¢du¢¢ our climate impact. Financially. to be sustainable we rely on a high level of sales of goods and some grant funding for special projects. We would ideally like to purchase suitable freehold premises to improve financial sustainability by, reducing significant outgoings on Tents, etc. The cost of freehold property in City of York is, however, prohibitive and likely to remain so. The charity has demonstrated ￿ rcsilicncc, surviving fmancially and has started 2022123 operations with a reasonable f￿anCIaL outlook Our res¢rves are low against the target we set ourselves. but through sustsined fo¢￿sed efforts we have been success￿] in achieving significant grant income, maintaining and growing our trading activitie5. The charity is considered a "going concern" by the trthstees. 3. Organlsatlonal cbange5- all three cbarities The 2021122 year seen extremely signifiw]t Changes in stsffing and organisational structure, against a background of operational difficulties arising from the recovery from the Covid pandemic. which restricted opening hours and capacity to work safely. It also affected trading income and activities in a way which represent¢d an existential threat. Our new Chief Officer quickly identified ongoing issues that meant that the charity was not functioning as well as it could and the trustees agreed to a sraffing restNcture, which regrettably included some voluntary redundancies. The Chief Officer, who leads the three Community Furniture Store charities in YorL Selby and Scarborough is supported by a ￿11 time Group Operdtions Manager and part- time Head of Projects. Marketing & Administration Assistant and a Group Finance Manager, all of whom work to support the three charitics. Th¢ York chariws staff is led by an Operations Manager managing the collection and delivery service as well as the warehouse and retail outlet. Co￿u￿r￿ FURNtTh STORE (YORK) LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 4. Perfonnance and Impaet- York > Re-use v Recycling It is important to stress the ￿sItiOn of reuse compared to recycling and other waste management systems when estimating the impact on the environment. The "waste hierarchy" ranks waste management options according to what is best for the environrnent. It gives top priority to prèventing waste in the first place. When waste is crcate(L it gives priority to preparing it for rc-￿. then recycling. then recovery, and last of all disposal. Most Preferred Prevention Re-use Recycling .Aecovery Least Preferred isposa > City of YorkParln¢Yship We are eThorn]ously proud that throughout the pandemic we were able to maintain the services that we provide lo City of York Council through the York Financial Assistance Scheme {YFAS) which we prioritise because it benefits those in our community who are most in need. We are grateful to the City of York Council for its continued support of the Community Furniture Store in rnany ways. but particularly tlJr()ugh the YFAS scheme. As the Council's Prefe￿ed partner, we have supplied goods to 346 households, not just in poverty, but in despe￿¢ need of urgent help. Beneficiaries of the scheme are identified by the council and refe￿ed to us confidentially. The recipient's shopping experience is identical to that of any person coming into the str)re.' they are welcomed and provided with choice. Really urgent matt¢rs are dealt with on the same day. Local Economy We work with local traders to supply goods and services that we Cannot stocK benefitting the local economy as well as people in n¢¢d. the amount paid to thos¢ trading partners was £28,0(M) during 2021122 for work fitting 212 cookers, 36 ca4)et installations and 31 items of soft fiunishing. > People in Need Customers with proof of low income have continued to qualify for a 300/0 r¢du¢tion off the prices charged-to the g¢n¢ral public for reused goods. tn response to York being a commu￿ FURNrruRE STORE (YORK) LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 City of Sanctuary we have extended the discount to recently anived refiigees and migrants referred to by other agencies. During the year 3,065 items went to people that qualify for the 300/0 discount, out of a totsl of 6,107 reused items, 5(V/o of all reused goods, saving the recipients £46,985 compared to our full price. We also recognized the needs of refugccs and other migrants who do not qualify for means tested benefits strdight away and included those referred to us by relevant agencies in the discount scheme. One customer who received a grant for furniture through the York Financial Assistance Scheme said the following- °A brilliant community resource. selling high-quality second-hand goods at an excellent price. I want to. especially thank the drivers who delivered my goods this afternoon. in the heat and up and many steps. They truly went the extra mile in lifting heavy goods up to my flat and taking an old washing machine down again. All done with such kindness and humility." As part of our York Financial Assistance Scheme role, we have provided furniture and white goods to refugees fleeing conflitt in Ukraine, Afghanistan and Syria. A member of the City of York Council Vulnerable Persons Resettlement team highlighted the followin8 impact of our work: "Yesterday I was making a house readyto make the house somebod￿$ home. As you are aw3re, we have a tight budget we have to work to for furnishing a property ready for a refugee family to move into it. This includes beds. sofa, wardrobe and washing machines. We wouldn't be able to do it without the furniture from CFS. Thanks to the work that you do, we have been able to provide people fleeing war and conflict a safe home." > Environmenlal Impacl In total the estimated weighi of all reused goods prevented from being declared waste and destroyed amounted to 222 tonnes. This equates to saving 224 tonnes of carbon emissioos. (G)Finan¢ial Review - York Total income from charitable activities in 2021122 was £561.126, an increase of over £150,000 on the previous Covid impacted year, and is comparable to pre-covid trading which generated £526,832 in 2018119. a 60/0 increase. The gross sury)lus on sale of goods in 2021122 was £299,644 (sales - purchases). Other operatioT]al income totalled £50,954 (Gift Aid. Management Charges, etc) and grants totaling £63,657 were gratcfully r¢c¢ived. Total income from all sources amounted to £624,784. Com)￿UNITy FURNrruRE STORE (YORX) LTD REPORT OF THE TRUSTEES . FOR THE YEAR ENDED 31 MARCH 2022 Total expenditure was £630.470 compared to £577,378 ID 2020121 and exceeded th¢ budget forecast of £600.257. The incr￿¢ Teflects the introduction of the rr Project. (£33,167) which is supported by grant fiujding and significantly increased employTnent costs following the Government led increase in National Living Wage. As such the outtLlll] for the year was a small deficit of £6.851. It is relevant to note that the supply and cost of new goods purchascd proved challenging as a result of blockages in the supply chain. The priorities for 2022123 will be to consolidate the revised staffing structure and take advantsge of the elTiciencies it will produce. and ￿ d¢velop online sales. We will also secwe funding to sustain the IT Reuse project and other projects that the trustees are actively working towards. Alongside this, increasing Gift Aid income, Careful control of expenditure and the rebuilding of cash reserves (see below) will all have higb importance. (H)Reserves Policy- York The governing board has developed a policy to hold unrestricted fun&$ not invested in fixed assets of between three and six months of budg¢t¢d ov¢rhead expenditure excluding exceptional items. Budgeted overhead expenditure for the year ending 31 March 2022 was agreed at £393,482 in FebNary 2021. Net cutrent assets at 31 March 2022 total £74,948, a small increase from the 2021 year end figure of £71,179. This is well below the target rninimum of £99,260. As such the recovery of cash reserves remains a high priority. Community Furniture Store (York) greatly values the continuing sUPPOrt of donots of reusable goods, customers, funders. and of the City of York Council and many oth local organisations. (I) IT Re-use Project major success for the charity in York during the year ha5 been the fijrther establishment of our project to take in donated laptops, mobile phones, etc, to repair and securely wipe them of all dat4 and then to make them available to those most in ne¢d. The project leader" Tom Meares, has worked very successfvlly with other local voluntary organisations and co￿o￿teS as well as the City Council, to establish, publicise and manage the project so that it eDd¢d the 2021122 year in a very healthy state. We have been able to assisL for example, young people living in care, pensioners unable to communicate with family and friends and many of the refugees who have come to our City of Sanctt]ary. commu￿ FURN￿ STORE (YORK) LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 Case A. "Hannah" wa5 a 13 yearold, who was the victim of domestic abuse. She was provided with a mobile phone as a Means of keeping in touch with her Social worker. The phone also had emergency contart numbers installed in case of need. Case B. -sharon" was a lone parent in her early 205 With two pre-school children. She applled to York Learning to go back into education with a view to eventually becoming a Special Needs Co- ordinator. We provided a MacBook, which enabled her to enrol on her course and complete coursework remotely as attending college was impractical due to childcare costs and other linked issues. Her children are also able to use the laptop and her young sister use5 it to complete her homework. Afull impact report covering the period to March 2022 is publicly available ot https.'//itreuse.org.uVnews/ The project ¢mploys three people and is supported by ten volunteers. We have helped 286 people by providing computers, laptops. mobile phones. et¢. whicb has enabled the recipients to lead a fvlly functioning life. To finance this project the charity is grateful to the support of York Financial Inclusion Strategy Fund. Joseph Rowntree Foundation, Arnold Clark Whitwam Family Trust, Feoffees of St Michael Spurriergate, York Common Good Trust and Nornjan Collinson Trust for grant funding and Anaplan and Boxxe for contributions of equipment and enabling volunteers to play a vital role in ensuring the project's success. (J) Marketing and Social Medfia - all three charities Even with the constraints in]posed by the pandemic, concrete progress has been made to improve the Charity's social media presence, particularly througb Facebook. Much remains to be done and this is a priority area for development. but we are particularly grateful to Laura Thackray. who undertook an internship and in March 2022 provided a report on a range of rnatketin8 issues that Is receiving attention. (K)Ri$k Register- all three Charities During the year the clLariti¢s have again revised their Risk Registers in line with the group's updated Strategy. A ¢olour coding methodology has been introduced to aid monitoring. (L) Stsff Appreciation We Congra￿late Rebecca Blues on stepping in so effectively to herpredecessor's shoes and steering the charity through the final months of an extremely disrupted year and we thank all the York staff for their work and flexibility during a year dominated by recovery from the effects of the pandemic and the major restructure which involved many changes in staff roles, in personnel and in working prdCtiC¢5. COMMUN￿ FURNITURE STORE (YORK) LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 Group Risks and OpportunitSes There are risks and opportunities awaiting all three chaTitics. The following are among the main issues being actively addressed: l. The creation ofNorth Yorkshire Council and removal of District Councils and the putative creation of a Combined York & North Yorkshire Mayoral Authority means great changes in the way we are able to internct with some services (e.g. social services, housing departments). 2. Improving our ffftancial strength so as to continue to provide essential services to people in need. 3. The ability of tbe charity to properly reward our stsff, without further increasing prices charged to people in neearing their a￿)UnIS in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) ¢ffective l January 2019 ("the SORP"). Income recognition policies Items of income are recogntsed and included in the financial stat¢meuts when all of the following criteria are mct: the charity has entitlement to the funds. any performancc conditions attached to the it¢m(s) of income have been met or are fully within the control of the ehaTity" there is sufficient certainty that receipt of the income is considered probable: and the amount catt be measured reliably. In particular. where the tern￿ of grant iM)me are that it canonly b¢ utiltsed against cxpenditure in yws following tbe balanc¢ shcrt dat¢. the grant is not recognised as incomc in the year l)ut is instead treated as deferred income within creditor5. Donated goods The charity operates a retail Gift Aid scheme whereby it administers the sale of furnitu￿ on behalf of members of the public. who th¢n donate the proceeds to the charity. enabling it to claim a tax credii. While this is legally considered io be a Cash donation. in economic substance it is similar to a trading activity. and therefore both the sale proceed5 and the tsx credit included withiti'income from ch8ritsble activities" The SORP requires that otber dollat￿ goods should be rneasured at fair valu¢. The ¢harity bas taken advantage of the exemption in the SORP which allows this treatment not ￿ be adopted if it is impractical to measure the fair value of good5 dO[￿d for resale or if the costs of valuatioD outweigh the benefit to users of the accounts and the cbarity of this inforniation. Donated goods ar¢ therefore reCo￿llSed when thcy 501d. 18 COMMUNrrY FURNfTh STORE (YORX) LTD NOTES TO THE FfNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Eypenditure Expenditure is reco8niscd on an a¢￿Ual ba515 as a liability is ]￿u[I￿. Expenditure on chaTitsble activities comprises the costs of operatin8 tb¢ 5torc. Governance costs arc in¢luded within cxpenditure on charitable activities and are analysed separately in the t￿teS to the financial statemeDts. Tbey include those Costs associated with meeting the constitutional and statutory requirernents of the clwity, such as accountancy and other costs linked to the strategic managemeJ)t of the charity. Fixed assets Depreciation and amortisation are provided at the following rates in order to wri* each asset down to its residual valuc over its useful life: Plant and macbinery Fixtures and fittings Molor vehicles Computer equipment Computer software 21Y/o rethicing balance 8 or 10 years strdight line Teducing bal8Dce 3311/0 rethicing balance 3311/0 reducing balance Stocks st￿ks are valued at the lower of cost aDd net realisJble value after making allowan¢¢ for obsolete and slow moving items. Taxation The clwity is exempt from COTpofdtion tax on its ciwitsble artivitits. Fund accounting Unrestricted funds are available for us¢ at the discretion of the truste$ in fi￿lherancc of the gen¢Tal obj¢Gtives of the charity. Restticied fund5 arc subjected to r¢strictions on their expenditure. Restrictions aTise when specified by the donor or when fimds are Taiscd for particular restrict￿ PUTposes. Cash flow statemeDt The charity's gross income exceeds £500.0(Kl and consequently a cash flow statement is required by the SORP. 19 CoMPA[Trll￿ FURNI￿ STORE (YORK) LTD NOTES TO THE FINANCiAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2022 2 Donatlons and graDts 2022 2021 Donations and graDts Of the total in¢ome from donations and grants. £43.323 (2021: £86.092) consisted of re5tri¢ted fund income and £20.334 (202I: £75.686) of unrestricted fund income. Restricted fund income consisted of grants of £3,544 from City of York Cow]cil, £1,0￿ from Arnold ClarL £6,000 from the Ivhitwam Family Charitable Foundation and £3.000 from NCCT, all towards rr Te• use. £14,809 from Two Ridings and £7,565 from Kickstart. all iowarth salaries. and a fillther £7.405 from Two Ridings wkn'¢h w&s Tec¢ived in 2020121 bul defe￿￿ and recogtiised in 2021122. All the income was spent during the y¢at except £12.569 of the grants for IT re-use, which will be spent in 2022r23. UDrestrictcd income ]￿lUded £2.395 under the Govenmient's Coronavirus Job Retention Scheme. 3 Income from charitable *ctivitl¢s Shop inwm¢ Gift Aid tax credit Management charges RecI￿rgeS of overheats to associated clwities Sundry income 510,572 369.694 14.409 7,127 29.244 21,464 6.825 9,553 76 9(Y) Shop income includes £59.420 (2021: £29.389) representing donations from membeTS of the public on wkn'ch Gift Aid has been claimed from sa]c of their goods through the retail Gift Aid scheme. 4 1nYestm¢Dt income All of the ¢hatity's inv¢stsn¢nt income arises from mon¢y hcld in interest bearing deposit 20 COMMUTh FURN￿ STORE (YORK) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 5 Analysis of expendhture on charitable *eilvitfies 2022 2021 Direct costs: Cost of goods sold Brok¢rag¢ fees Purchases of goods and services for r¢charge 210.853 201.637 70 210928 202331 Support costs.. Wages and salaries General office costs Accountancy tK8al and professional 268,153 228.651 132.184 132,870 1.500 1,5 Grants Governance costs: Wages and salaries Accountancy and independent examination 1,959 1.959 Wag¢s and salariu are apportioned between support and governance costs on a time basis, with 50/0 of the chief officeT'5 time being accounted for as governan¢¢ costs. Accountsncy Costs are allocated to goveTDan¢e costs where they Telate to infom￿tIon prepared for trustee5' meetings. 6 Net (expendltureyincome for the year Net (expenditureylncome for the year 15 Stated after charging1(c￿dlting). D¢prèciation of tangible fixed ass¢ts- owned assets Arnortisation of intangible fixed assets- own¢d assets Profit on disposal of tangible fixed assets Fees paid lo independent examiner: Independent examination Other accountancy, VAT and consultancy services 9.166 463 6,760 691 (1,250) 750 2,650 750 2,650 21 COMTrAUNITY FURN￿ STORE (YORK) LTD NOTES TO THE FINANCIAL sTATEmE￿s FOR THE YEAR ENDED 31 MARCH 2022 7 Truste¢s' remuneration and e￿enseS No twstee was reimbursed any sutn in respect of travel ¢xpenses during tbe year (2021: £nil) iti relation to histher trustee duties. 8 St4lT costs 2022 2021 Wages and salaries Social security costs Payments to defioed contributioo pension schemes 248.2M 228,289 18,729 12.895 The av¢rag¢ number of staff during the year was 13 (202I: 12) and the average numbcT of full- time equivalent staff durin8 the year was 11.6 (2021.. 11.5). No employees had employee benefits in exttss of £60.(wX) (2021.. nil). 9 IDtAn£ible fixed *sse¢g Computcr software Cost-. At l April 2021 Disposals 6,434 At 31 March 2022 Amortisation.. At l April 2021 Less on disposals Amortisation for the year 5.031 463 At 31 March 2022 Net book value: At 31 MaTch 2022 At 31 March 2021 22 COMMUTh FURI1￿ STORE (YORK) LTD NOIES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 10 Tangible fixed assets Plant & Fixttres & machinery fittings Motor vehicles Computer equipment Totsl Cosl: At l April 2021 Additions Disposals 2.651 8.496 88.066 16.459 174 115,672 174 At 31 March 2022 I)¢preciation: At l April 2021 .Less on disN)sals Depreciation for the year 1.894 55.225 12.828 76,856 152 520 At 31 March 2022 Net book valu¢.. At 31 March 2022 At 31 Eknh 2021 li Stocks All the amounts sbown 8$ Stocks are in rwt of goods for T¢sai¢. S¢e note I for the treatment of donated stock. 23 COMFAU￿ FURN￿ STORE (YORK) LT[) NOTES TQ THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2072 12 Debtors 2022 2021 Trade debtors Amounts from associaled UDdertakings (nole 16) Other d¢btors'. VAT repaymeut Gift Aid tsx credit Grants due Prepaytnents and acen￿l income 2260 6,380 7.280 3.105 14.409 2.786 7.127 5.151 13 Credltors: Amounts lalling du¢ withiD one year Trade creditors Accruals and deferred ineome 13,996 13.896 14 Analysis of ne¢ assets between fuDds Generdl Designated Restricted fund fimds fijnds Total funds Intangible fixed ￿set$ Tangible fixed assets Current assets Creditors= amounts falling due within one year 940 29.824 56.694 940 29.824 99.263 30,( 12,569 Net assets at 31 March 2022 24 OMMUM￿ FETRNr￿ STORE (YORK) LTD NQTES TO THE F￿ANCIAL STATEMWS FQR THE YEAR ENDED 31 MARCH 2022 15 Movernent in fDnds l April 2021 Income Expenditure Transfers 31 Mar¢h 2022 UnTestricted income fimds.. General fund esignate4 fiwl 78.985 30 581.461 (597.303) 63.143 108 985 597 303 Restricted income fillmts: IT re-use Salaria and rent 2.413 13.544 (3.388) 12.569 Total funds The designated fvnd rcprcsents funds set asidc by the trystc¢s for the fvture replacement of fixed assets. The restrioted fimds are explained at note 2. 16 Related parties The trustees of the charity are also the tsustces of Community Furniture Store (Selby) Ltd. During the year, the chaTity issued invoices totalling £19,035 plus VAT (2021.. £23.858) to Community Furniture sto￿ (S¢lby) Lt(L A total of £1.413 plus VAT (2021.. £12,802) related to the recharge of stocL £14,622 plus VAT (2021: £10.732) Telatcd to maoagement recbarges, and the remainder consisted of the recharge of office equipment and professional fe¢s. At the end of the previous year. theTe was an outstanding balance of £7.280 on a loan from Ihc charity lo Community Furniture Store (Selby) Ltd to assist with cash flow This was converted to a grant in February 2022. and therefore th¢ loan was written off. The loan is included a5 a debtor in the comparative figure5 at notc 12. The trustees of the charity are also the trustees of Cornmunity Furniture Store IRyedale) Ltd. During the y¢ar, the ¢harity is5u¢d invoices totslling £19.754 plus VAT (2021.. £15.099) to Community FuTniture Store {Ryedale) Ltd. A toral of £2,132 (2021.. £4.067) related to the recharge of 5to¢l £14,622 plu5 VAT (2021: £10.732) related to management tharg¢s. and the Tcmaindcr consisied of the recharge of 0￿1CC quipmcnt and profe&sional fees. 25 cOmbKUTr￿ FURN￿ STORE (YORX) LTD NOTES TO THE FfNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 17 Operating leAs¢ commitments The charity had the following miDimum lease payments under non-capcellable op¢rdting Iwes relating to premises for the following periods.. 2022 2021 Within one year Between one and five years Over five years 63.183 191,867 60.283 226,469 180 776 26 CQMMITh￿ FURN￿ STORE IYOIIK) LTD DETAILED STATEMENT OF FINANCIAL AcllviTIES FOR THE YEAR ENDED 31 MARCH 2022 Utirestricted Restricted ftmds fi￿￿5 2022 2022 Total fvn4s 2022 Total fjjnds 2021 COME Donations 8Dd grants Grants Donations 20.334 43,323 63.657 156.768 161778 IncoJDe from chAritable xtivities Shop income Gift Aid tax credit Manag¢ment charges Recharges of overheads to Selby and Ryedale stores Sundry incornc 510.572 14.409 29244 510.572 369.694 14,409 7.127 29244 21,464 6.825 76 6.825 76 9.553 900 561126 561126 408 738 Investment income Deposit account interest Totsl Ineome 581461 624 784 570 527 EXPENDrruRE (see page 29) 597 303 630 470 577 NET (EXPENDITURE. )IINCOME Thi$ page does not fom part of the statutory Iln*nci#l stat¢ment& 27 commu￿ FURTr41TURE STQRE IYORK) LTD DETAILED STATEMENT OF FINAN¢IAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022 Vnrestri¢ted Restricted fimds fiwds 2022 2022 To¢al funds 2027 Totsl funds 2Q21 XPENDITURE Expeu41ture on charitable activitles Cost of salcs". Cost of goods sold Brok¢rage fees Cost of goods and services ￿charged ¢0 associated cbarities 210.853 210.853 201,637 70 75 75 624 210 210 928 knLI Support costs: Wages aDd salaries Redundancy payTrellt R¢nt and Tatcs 61.461 105ufdnce 3.593 Ligbt and heat 6.017 Building matntenance 903 Tel¢phone 2.561 Postsge and station¢ry 4.707 Advertising 3.572 Membership fees 1.182 Staff entertainment and gifts 466 Unifonns and persoJ)al protrctiv¢ ¢quipment 1.027 R¢cruitsnent and training 2.243 Motor and travel expenses 18.722 Software support 9,968 Izgal and professional 6.566 Accountancy 1.500 Waste recycling 1.819 Workshop Project 1.072 Conferences and events 265 Sundry expenditure 55 Dqjreciation of tangible fixed wets 235,127 33.026 268.153 228,651 12,044 56.809 3.847 3.454 12.953 1.989 4,518 907 1.394 407 1,159 560 14.182 7,655 8,167 1.500 921 1,628 61.461 3.593 6,017 903 2,561 4,707 3.572 1,182 466 1.027 2243 18,772 9.968 6,566 1,5CM) 1,819 1,072 356 55 50 91 313 Carried forward 371.992 33,167 4Q5.159 369,818 Th1% page do¢$ not forni part of the statutory fiDan¢lal stAtemeDts. 28 CQMMLFTh FURNI￿ STORE IYORK) LTD ETAILED STATEMENT OF FINANCIAL AcrIvrriES FOR THE YEAR ENDED 31 MARCH 2022 UDrtstri¢ted Restricted funds Sjnds 2022 2022 Total funds 2022 Total fimds 2Q21 XPENDITURE (Continued) Expendlture oll charitable actlvities (continued) Support costs (continued) Brought forward 371.992 33.167 405,159 369,818 Amortisation of intangible fixed assets Profit on disposal of tangLble fixed assets Bank Gharges and interest 463 463 691 (1.250) 375 236 33 167 408 403 371188 Grants made Governance costs.. Wages and salaries Accountancy 1.959 1.959 1.959 Total expenditure Thls page does not form part of the ststutory fin4ncial statements. 29