REGISTERED COMPANY NUMBER- 5960870 Ilng14?Trd #nd Wales) REGISTERED CHARITY NUMBER- 111761) Report of Ihe Trijstets #nd Finan¢i4Jl Stid iemenls for Ilie Year Ended 31. December 2021 for FURNISTORE IN EAsf SURREY LIMITED ¥A8DFN9ML• 2710912022 COMPANIES HOUSE . A19 *io
FURNISTORE IN EAST SURREY LIMITED Contet)ts of iht Finanrigl Staiemenis ror the year ended 31° Decejnber 2021 Page Refei'ence and adminisiraiion de115 Repon ofthe Trusiees 3107 Independeni Exatnine¢s Report STarement of Financial Aciivbiies Balance Sheei Noies 10 Ihe Fhtkancial Staiem¢nis 12 ro 18 Page I
FURNISI'ORE IN EAST SURREY LIMITED REFERENCE AND ADMINISTRATION DETAILS Charity Name.. Furnistore in Easi Surrey Compaiiy Regisriziion nufflber: 5960870 (England and Wales) Cliarity Regi51raiion Thumber. Dale of Incorporaiion.. 9" Ociober 2006 RegisieFed OITice and Operaiional Address.. i4 Holmethorpe Avenue Holmeihorpe Industrial Estate RHI 2NL Trusiees.. E S Baker- Chairn18n Mr5 F Clark JCSIAEssex Di J G Mc Laughlin G Ow¢n B Plones M D Taylor Coinpany Secreiary.. Mts F Clark Baiikers-. CAF Bank 2) King5 Hill Avenue We51 MallLng Kent ME104JQ Solicitors.. Se¢yens Glade Hoiise j? Caner Lane Londts EC4V 6EF IndependeTrt Examiner: David Wheeler FCCA Cheeld Wheelei & Co Chartered Certified Attountanis Redhill Chambers 2d HiDh Sireei Redhill Surrey RHI IRJ Page 2
FURIYISTORE IN EAST SURREY LIMITED Repori of tht Trustees ror the year ended 31. December 2021 The rriistees, who are also directors of th¢ charity for the purposes of the Companies Act 2006, presenr their report with the financial 5raiemeiiis of the chariiy for the year ended 31 December 2021. The trustees have adopled Ihe provisions of Accounting and Reporting by Charitie5.' Statemeni of Rec(pmmended Practice applicable 10 chariti¢s preparing Iheii. accounts in accordance wilh Ihe Financial Reporting Siandard applicable in the UK and Republic of Iieland (FRS 102) and Il)e Companie5 Act ?006_ OBJECTIVES AND ACTIVITIES Objeeiive$ lid aiffl8 The chariiy's objeL15 and printipal acriviries as set our in its memorandum and anirle% of association ¢onlinue 10 be. rhe relief of poverty in East Stirrey by tneans of the provision of good quality owned and other furnitLire, appliances and household goods 81 affordable prices io low-income families and individuals in need tlie advancenieni of environmental proiecrion by means of reducing Ihe volume of furniture and household good5 disposed OF inio the waste 51r¢a¥ woi'kplace irainiThg by providing work experience, traiftin& support and developmelll of volLtnieers. including rhose with special support needs The clidrily's ainis are-. to benefil those less fonvnaie by pi'oviding Iheni with fvrniiure. fumishinao ond while goods without charge or ai low cost. tliu5 giving Ihern self-esieem alld enabling ihetll io lake Iheir place in society. to ie-use goods wherev¢r possible, to train ai)d develop his volunieei"s, io help sorne of iheni back inio paid employmeni and 10 give its volunteers a sense that they are Ihetnselves helping oihers who are less fortunate, by th¢ir aciivitie5 The main objecis are Ihe Telief of poverny amongst individuals and families in Easi Surrey by collecting as Inuch donated fiirniiiii'e as possible. carryino oul cleaning. rninor repairs and where appropriate PA T iesiing, before deliveriiio il 10 Ihose h.iYitlb a gcnuine nced., also selling Iiomo ai diocouni io individuals and familior i¥ith proiien need and •tIlIn 10 the ivideT publit in order io finante the operaiions. Further objeciiwes are io reduce ihe volume of wasle going 10 landfill and 10 pro'ide Inining alld dcvelopmcllt opportunilier to volunie¢ff. and viaff. The siraregy is lo equip the siaff and volufit¢ets 10 collecr, display. sell and deliver a5 Much good qualiry siock as possible fTOrn PLibli¢ donarions, ill order io cover the njnnino expense5, while supplying the ¢lieni group free of charge or ai diJoouni. Thi4 i10 cniail. publi¢itsing ihe chirityp * atiiyit104 in local medla and rnI•ing fund throunh looal individual+ liurclies. businesses and graiii making organisaiions. As siaied above. Ihe charily's primary objeciiye is the piovision of furniture io economically andlor socially disl¢ dv¢lntaged people in the East Surrey area. The service provided by ihe charity is Ilierefore directly related 10 boih Il)e pai'ricular and ofteii very urgeni needs of its beneficiarie5 and io Ihe chariry's aims. The chariiy catties oui its work iii a ioially non-discriniinaiory way. STRUCTURC, GOVERNANCE AND MATr4AGEMENT Niiriii'c of Ihc goi'ci'ning docurncnt eonriilulion of the ehfjril}' The chai'iry is constiluted as a company limited by guaraniee and is therefore govemed by irs memorandum and articles of association. The direciofs of th¢ company are tt10 truAeeJ of the charlry. Eligibility, for member.hip of Ihe Ghnril and tnembership of the board of tr115tees 15 governed by the memordndum and anicles of a550cio1ion. There are no resrriciions in the goverrking document5 On the op¢raiion of the ¢hariiy or on its invesimeni powers. other than those imposed by ieneral law. Recriiitment appointinent of new triLStees Tl)e riusiees and sraff are consianily seeking new Irusiees through peTsonal contact. the churches, other agencies and by web dveriising. Potential new irusiees are Inviied 10 the board meeiing. fill in applicaiion fortns and provide ieferen¢t5. Subjeei to sarisfaciory interview and references. and accepting Ihe responsibilities as defined in the Charily Comiiiissio guidelineJ 011 Ihe 1'Cpond1b1IltIe0 of charity IFUJlC¢J. Ihc nci¥' membei Ir voted onio rhe board. Page 3
FURNISTORE IN EAST SURREY LIMITED Report of the Truste¢s for the year ended 31" Deeernber 2021 Orgxnis#iiondil structiire The paid Manager has operarional re5ponsibiliry for all aspects of nn1Th¥ ihe work of Fumistore. under the direciion of rhe bocird of trustees. Tlie board meets regLilarly wilh ihe Manager in aNendance 10 monitor and faciliiaie the work of Ihe cliariry, approve aciions arTd plan for the developmeni of the work. The Manager meeis 4¥iih Ihe Chairman of Ihe board a week before eacli of rh¢ MOthlY board m¢eiings 10 ensure ihar issues are discussed aTrd decisions rakeii when appropriare. The work of the charity is carried oui by boih paid staff and volunieers. Paid siaff roles Ver drivinglfuiijiiure handling. linance. volunieer managem¢ni, reception and telephone coniaci iVOTk. In addiiion, the Manager develops and mainiain5 links with Ihe chariiiE5 and agencies which rely oll Furnisiore io help Iheir clients, develops relaiton5hips with staluiory tgencie5 and orher sei¥ice providers. and assisred by the ISTee%, works on tnarkeiing. fundTaisino and promoiing the chcll'ify. Voliiiiieers assi$r wiih all these role5. and many oihers; volunieers who wish are encouraged 10 develop work Itidiiclion and trarning ol trusite5 The Iiew trusiee is inviied to the warehouse. iniroduced to ih¢ Sff and sorne volunieers on ihe vi5ii. and expecied 10 read rlie Charily Commission ouidelines and memorandum alld articles of association. TnJ5t¢e5 are ifiviied i(} avail Ih¢niselves '.Ini iruroiee irainint Th¢ board holdJ a srraicgy and dcN'clopTncni da). i%'hcn netc4ary. Meinbtrship ol x iyider netivork The thariry is a founder meniber of Surrey Re-use Netwo. It enjoys go1 relationships with the local coiincils and IIoLlaVing tstsencier and Ihe fflany ancntles worKins wilh some of Lhe needicai familico and indiYidualJ in Ih¢ Ea'i ¥re), aira. Ir ha5 direcrly helped Renewed Hope. Welcare and Lovemiorks, clients. local school liaison officers and housino nrociation' c11t)nt via Oytcd and 8lctGhin&bles' choriiic•, the CAB, (hc lob Cen[ and tho locul YMCA Rcdhill Volunieer Cei)tre have provided some volunieers. The chaiity enjoys conlinued suppo11 by the Chuiches 'fo&Jeihei" ehurche5, Ivhich oive some finaThce, volunreers aTKI publicity. D¢iails of significani J¢livilies (including its m#in programmes• projects and services provided} (hat eonlribute to Ilie 8ehieveinent ol. the stated objectives For Ihe first quarter of Lhe year, siaff and volunteers of ihe chariry were furloughed on Ihe gov¢mment h¢m¢ and Ihe wareliouse was closed diie 10 Ihe Government's COVID Sray ai Hoyne rule. An emergeTrcy response io rhose in iiiimediaie eed iiro5 rnel bi. ke)¥ Irolunieer" -oninn rlQC.k and gi%'ing acco" 10 Iho P.BBE COVID omorgonc), Icam. This was f()Ilowed by resiricied trade duTin4) rhe second quarter of Ihe year. From fflid June onwards Furn15101Y and ilit ei)Iiit counrry were in recovery mode. Fifty eighi h0115Eholds were a5se55ed and qualified For free of charge provision. and received 7.04 tonnes ol. bassc essviilicils iiiid wliiie (5 tlj d valu¢ ufappi'uxiiiidiely £12.2i9. yliiiu>l haifuf wliiknh hdd b¥en di%uunTed by Funii510re. We are (Jraiel'ul thai £6,791 was siibsidised by the John Beanes ChaTlty. FurnisioTe also 5vpplied 95 fr¢e eniergency Plr cks of es5eiiiia15 in¢ludin& lioiisehold cleaning equipn)eni and agents, pan5: crockery, cutlery. uien5ils and bedding bales 10 hoiiseholds seitiiig lip ho¢ for the fiT51 iifne. A further 18.88 ionne5 wen¥ io other assessed households. making a ioial Dl" 25.92 ionnes going to households In recognised need, while 21.76 iolltbes weni at full piice to l)elp covei" iuniiing cts5rs. Appi'oNimJicl)' 51 ?8 tonnc" of dom11¢ soodJ and appliance Ii'erc collcctcd or rc¢civcd, of ii'hich 47.68 ioiinc4 i%'cni directly Inro hon)es (1,077 Iiems) In51ead of ihe wasie siream. and some of the remaindei being recycled. Tlie charity provide5 a colleciion service for su¥plus furniture. appliances and household goods lo ihe r¢sidellrs of Ea51 Suyrey. pas%ino Iheni oft ro boih needy households a5 described. gr sellii)g to Ilie geiieral public. Il)ereby rediiciiig Ilie voliinie of biilk}' wasie by rnore than 47.68 fonnes. The charity woiks iviih the local authority 10 tncouras?e the re-use of wliiie sjoods and furnituiE, and 18 items of while goods worth £555 weni free of ch8r&Je inio l)ooies. Tlie ellarTY has also yndertaken a lirnired number of house ¢leaTances. Tl)e charity received support from the trovernmeni of £)6.357 on 80kn of the wage5 under rhe governmeni furloiioh scheine Tl)e grant ol £l.000 from ihe Comrnunily Fund for Surtey towards ernploying a PR expen 10 raise our profile COLild noi be 5peni as Ihe bid requ>Ted. bul il was agreed ihai the monie5 could be divened 10 cover rhe additional cos15 of developinh i iveb.iie. 1.Ir¥Kiel)' fiinded b), P.oig11e and Ban.rtead Borough Council. Thid Gov¢rcd ovcrtimc hours for Ihc SIiLlI'dij' niinagor 10 roloare Ilie fvlttn) ei 10 i%'oFk on Ihe iye1rlI, and io Ic4L oui lh¢ on linc oJpabiliiy. ThiJ fGvcaled Ihai Ihe model chosen for ihe web sales was noi practicable, and funher thou(¥hi, planning and infrastruciure would be needed. Furnisrore relies on, and is exrremely gtaieful io Surrey Counry Coun¢il for free rubbish collecrion and disposal. Page 4
FURNISTORE IN EAST SURREY LIMITED Report of the Trustees ror the y¢ar tnded 31, December 2021 GrAni Making The charily does noi oive moneiary gTanrs bui in 2021 Furnis10 provided 25.92 ionnes of furniture and household good5 to tlienis on proven low income who are seiiing up home in unfumished or partly furnished premises. or who have pi'oveii need for ? specific irem. We are very grate1 to the John Beanes charily for helpiTig ihose m051 in need. ConlribiitioN ofyolunteers The chariiy relies heavily on its wonderful volunieer workforte, but wirh severly resiricied sraff support available, and social distanring r¢gulaiions hampering meeiing rogeiheT. we have been unable io deliver the custofflary high level of Iizining. Volunteers have had only on-lhe-job Iraillinu and access10 a manual handling video. Just one e.xtelleThl volunteer has Inoved inio paid eiiiploymeni. Wilh COVID resiriciions Fumis¢ore devised a s¢1 of protocols 10 keep siaft.. volunieei'5 and clienrs safe. This meani resiriciing numbers in ihe warehouse ai all times. The charity has a governing board of 7 trnstees (all of whom are volunieers) and ihroughout the r¢51ricted openTrng times and Ihe s¢¢ond haifof the year. 29 opeTational volunteers came in for a iothl of 2005 hour5. Trusrees have raised rhe presence of the chariry in lo¢al fairs and by leafleiing local homes. on lop of iheir siatuior). govei'nance woi'k. Factors rtltvarit to the fichievemeni ol the charity's objectives The domiiiant pressure over the year has been the COVID 19 lockdown and restrictions. The trustee5 have met regularly by Zooni to iespond to the sitiiation. Siiinmai'y of tl*¢ main achiev¢m¢nls of the charily during the year The chai-lty has continiied io deliver lis pritnary objectives and help 58 individuals, couple5 and families in acute need 27J iteins free-ol'.¢harye worth £6.452. 95 emergency packs were provided and orher fainilies were benefilted from hair pi'ice sales. Furiiisioie works well with local athencies and charilies. li has suivived ihe lockdown without 5heddiTrg staff, Ihanks 10 Ihe fi1rloul scheme. and was able io meei the mosi acu(e need Ihfoughoui the year. Signifieani changes and development plans for tlie future COVID 19 pltiyed a niajor part in 2021 and may well do so going forward. Thai)ks io the hard work of a small nuinber or coi"e volunieers and sla, and dedicaiion and leadership of ihe manager. Furnistore has been able 10 ensure rhai Ihe Inosr cute need l)as been mei Ihrouohour rhe year. Ttikiiig on a full rime drivel. ha5 made ihe ongoing running of the chariiy more settled. We io increase ihe cusionier sales ieam wirh a pan lime meniber of sraff Jnd fflor¢ vtslullle¢rs. li 15 Ihe trusiees considered opinioll ihai Furnisiore ¢ould more effectively serve those mosi in need by moving 10 g biiilding Hai beriei 5¢rves our ne¢ds, is more accessibl¢ and has more parking. Fiiriheriiiore, Ihe stress and high demands of th¢ year have been exacerbated by the loss of ihe co-manager-cum finance Inanagei., addilional work occasioned by exploring a possible new build. along with Ihe lime consuming and eventually unsuccessful effori to Iniroduce on line sales. while coping with reduced front line sales siaff. Recovery fiDm Ihe effects of COVI D. and ih¢se additional issues will present significant challenges as we move forward inio 2022. Tlic major risks to ivhich the rharity is expo$ed reviejy o( $ysiems io mitigate risks Risk factors 10 rl)e sales-generared income would arise if incoming donations of furniture and household goods of HdeqLiaie qtialiiy and quaniity were io greaily reduce. or if the general public w¢r¢ to reduc¢ their willingnes$ 10 buy second hand items", risk faciors io ihe chariiable irscome from Friends. Churches and th¢ Beanes ChaTlty would aiise sl)ould Ihere be no niore poverry in East Surrey. in which case ihis in(otne would be withdrawTr and the charily would eed 10 reconsider irs objectives. High S¢reer second h8nd furnirure shops as charity fvnd rdisers impacr on our sales and collections. Page S
FURNISTORE IN EAST SURREY LIMITED Report ol the Trustees for the year ended 31" December 2021 The Chariiy by lis very narure iTrvolves lifting. moving atld storing heavy and bulky it¢tns. This wcurs in the waiEhous¢, loading and unloading (he van, and in people's homes_ Reducing Ihe risk of a¢Gidents aTrd injury is therefore vei'y itnporlani. The staff and volunreer5 are givell the appropriate Manual Halldling trdinin& and their perfDmiance is niOtTriiored. The policies and pro¢edvres w¢re reviewed lasi y¢ar. and ivhere ne¢e55ary. advice on employTheni IMarier5 15 soiirced from a local HR expert or from ACAS. A lack of quality volunteers and ihe loss of key sraff would pose a significant rhrear. We are fortunaie ro have a loyal and commiiied cole sialT ieam. and the day.ro-day runtbing could be managed by several of lh¢ exisiing ieam, as happens diii.jnts holidays and sickness. However, the loss of Ihe Chairman ofthe Board or Ihe Manager would both be difficult, as they have the ¢irea1¢51 r¢5ponstbility foi developino and delivering the Slraiegy, liaising wilh partner organisaiion5 and overseeing the b115ine55. The key reiaining siraÈegy thai the Trusiees can provide is good supervision and support for the Maiiatser. and hi(th-level inpui and follow-up on aciions 10 support the Chair. Tl)e Chariry has limited financial risk. following the repaymeni of ihe debeniure loans. and a very low morrgage loan, which could easily be covered trom rekrves. Reserve Policy The IrLisiees retain reserves of £i5.000 to provide for a minimum of 3 months, salaries and 12 Inonih5' moi'igage agai1151 the possibilily of the chariiy folding. rinalltial Revieiy The Goycrnineni IuTIoLigh scheme covered of Ihe wage bill, which ¢he rrusiee5 decided should be ropped up 10 Full pay. Fui'loiigh paynienrs from H M Revenue and Cusioms amoiinred 10 £14,968 {2020- £22,491) The Covid rares relier scl)eire broiighi in a liii'iher £20,357 {2020.. £25,000) Sonie ievenue triindiiir. came trrom donations for collecii0Tr5. Gift Aid and Landfill lax rr¢dils. delivery chdrkjes, and ¥ifts fi.oin F'i"i¢iid5 01. Fiiiiiisiore. Oui" cliethis benefitted from granis of£6.516 made by the John Beanes charify, which covcrs appi'oxini8i¢ly half the ¢osi of the goods they receive. Diii"inu rhe yeai. the chariiy's total income amounied to £104,851 (2020-£121,408) and ioial expendilure aniounied io 97,714 (?0?ts-£9i,685). Diiring Ihe year, Ihe debentu loans which ioialled £92.000 were repaid. The board of iruslees are Diai¢tiil 10 ihose people ivho supported Furnisrore enabling il 10 finance rhe piirchase of tlie Wa house. At lh¢ 31° Decetnber 2021, the ¢harity had ioial funds of £i07.072 (2020-£282,923) of whieh unresrricted funds ai)ioi)nied 10 £295,3.%4 (2020-1264,580) and resiricied funds £11.718 {?020-£18.i43). Tl)e nei valuc of Ilic lixcil sscrs (Incliidino Ihe warehouse) account for £238.186{2020-£?46.400) of Ihis figure leaving ner Lurrenr assers of £68,886 12020-£36.512}. wliich fhe Inisiees consider ro be 5aiisfacrory- Sliare Capital Tlie company is limired by guaraniee and IheTefoie has no share capiial. Page 6
FURNISTORE IN EAST SURREY LIMITED Report of the Trustees for ihc year eftd¢d 31° December 2021 STATEMENT or i'RUSTEES' RESPOPISIBILITIES The Chariti, ri'usiees {who are also the dir¢citsrs of the ch8ri18ble company for the putpose of company law) are responsible foT preparing a Inistees, aiinual repott and financial staienienis ITr accordance with applicable laH' and Uniied Kingdom Ac¢oui)ling Siandaids (Uniied Kingdom Generally Recognised Accountancy Practice}. Cornpany and Charity laws require the Board of Trustees io prepart financial 5tarements for each financial year which give a 11-ue ai)d fail. view of Ihe stale of affai(s of ihe chariiable company as ai the end of the financial year and of ihe surplu5 or deficii of rhe chariry. In preparing rhose financial si8iemenrs the tru51e¢s are required to... Seleci suirable accouniiTrts D policies rhen apply rhem consisiently." Observe rhe meihods and PTinciples in the Charilie5 SORP. Make judgemenr5 and esrimaies rhat are reas(>nabl¢ and prndent" State wheiher applicable UK a¢¢ouTrting standards have been followed, subj¢ci io any natur31 deparrures disclosed and explained in the financial staiemenis. PiepaTe the fjnancial siai¢Fnents ihe going concern basis unles5 11 Is iThappropriate to prtsume ihat the charitable conipany will noi Continue on thai basi5. Tl)e Irusiees are responsible for maintaining proper accounting recor(Is whi¢h dilOse with reasonable accuracy ai any iirne Ihe financial position of Ili¢ charitable tompany and io enable them 10 ensure thai the financial sraiemenis Comply with the Coinpanies Aci 2006. They are also I"esponsible for safeguaidin8 the assets of Ihe chariiable ¢ompany and hence for taking reasonable steps loi" the PTevenrion and deiecrion of fraud and orher irregul8Tiries. The Irusiees are responsible for Ihe mainieThan¢¢ and iniegriiy of the charity and financial informaiion included on rlie charity's web5ire. Chairman- Edward Bak¢r Secietary- Fredo Clark Date.. Page 7
Independent E%aminer's Report to the Trusiees of FURNISTORE IN EAST SURREY LIMITED l poIl lo Ihe Irlisiees on my examinalion of the accounts of Furnistore in East Surrey Limited for the y¢ar ended i I, December 20?1. Responsibilities And basis of report As ihe chariiy Irusr¢¢s of rhe Branch you are responsible for ihe preparation of the accounts in a¢COTdpnce wirh ihe requireiments of Ihe Chariii¢s Aci 2011 (the Ati). I rep011 in respeti of my examination of ihe Branch's accounts as required under section 145 of the 201 l Aci and in cai'r)Jing our my examinaiion I have followed all ihe applicable Direciions given by rhe Charity Comrnission under seciioii 145(51(bl of rhe Aci. Indepenilenl exa¥niner's sloieThent I have compleied my examination. I confirm rhai no mallers have come to my arreniion in coThnKiion wilh The examination giving me cause 10 believe Ihai in any nipiei'ial respecr.. Accoiintino r¢coi'ds iver¢ not kepl in respect of the Branch as required by seciion 130 of ihe Act- or That Ihe accounts do noi accord wilh those records.. or Thai accouni do nor comply wirh ihe applicable requir¢menis concerning th¢ form and ¢onieni of a¢¢ounts sei oui in the Charities (AccontS and Reports j Regulations 2(M)8 other than the requirement thar the accounrs tsive a 'D'UC Jnd fair view, i¥hich is noi a rnatter cons)de¥ed as part oran independeni examina¥ion. I have iio concer115 and have com¢ a¢r05s no oiher maii¢f5 in coTrne¢iion with Ihe examinaiLOlI to which alleniion shovld b¢ di.awn in Iht5 repor( in order 10 enable a proper undersianding of th¢ accounts io be reached. David Wheeler O P Wheeler FCCA Cheeld Wl)eeler & Co Chartei'ed Ceriified Accounianis Rtdhill Charnbe ?d High Streei Redhill Sui'rey RHI IRJ Dated. >G >>5 P8ge 8
FURNISTORE IN EAST SURREY LIMITED Sigfement of Fingncial Activities (Incorpor3tiDg Income & Expenditure Account) ror the ye4r ended 31" Deeernber 2021 2021 Toral F(Inds 2020 TotRI Unrestricd Funds R¢stri¢ied Funds Notes INCOME Grants and Doiiarions clirItable #ctiTrities Wai'elio(Ise sales 53,371 10,Jio 63.681 77.610 58.170 58,170 43,761 Oiliei. trading activities Inveslmenl inconie 12 12 37 Tot1 ineome 10,310 121,863 1?1,408 EXPINDITURE Cliiiritable activities Wai'ehouse costs SILpporl Costs 31.039 49.740 6.516 10,419 37,55S 60.159 57,481 Total expen(liture 80.779 16.935 97.714 T INCOMEIIXPENDITURE AND MOVEMENT IN FULYDS 30.774 (6.625) 24.149 27.723 RECONCILIATION OF FUNDS Total funds bi-oiighi forward 264.580 18,343 282.923 255.200 TOTAL FUNDS CARRIED FORWARD 295.354 11.718 307,072 £28?,923 The noie5 form part of these financial statements Page 9
FURP41sfoRE IN EAST SURREY LIMITED Balance Sheet At 31" December 2021 2021 Total Funds 2020 Toial funds Unre51ricied Funds RtTI¢l¢d Funds NoEes FIXE4 D ASSETS Tangible assets 13 227.700 10.486 238.186 246.400 CURRENT ASSETS Debiors Cash ai bank and in hand 14 8.060 8.060 1,232 1,232 13j.iso 140.824 80.277 81.509 CRIDITORS Aniounis falling due within one year (3.78i) (3,783) {2.9961 NET CURRENT ASSETS 76.494 1.232 77,726 137,828 TOTAL ASSITS LESS CURRENT LIABILITIES 304.194 315,912 384,2i9 CREDITORS Anioiinis lalling diie after more than one year 16 (8.840) 18.840) {101.3161 NET ASSETS ?95, j54 307,072 28? 923 Uiii'esti'icred funds Resiricied fLlI)ds 295,354 ?64,580 18.34) TOTAL CHARITY fuNDS 307.07? 282,923 The nores fomi part of ihese financial 5Tatements Page 10
FURNISTORE IN EAST SVRREY LIMITED 881ance Sheet- tontinu¢d At 31° December 2021 Th¢ chai'iiable company is eniirled io e.xempiion from audii under Seciion 477 of the Companies Ati 2006 foi. Ihe year ended 31. Deceinber 2021. The tnembeis have lioi requtred Ihe chariiable company 10 obthin an audir of lis fbnancial siaiemenis for ihe y¢ar ¢nded 31, December 2021 in accordance with Seciion 476 of rhe Companie5 Aci 2006. The Ii'usiees acknowledge Il)eir re5ponsibililies for (a} ensiiring thai the chartiable compally keeps attount?ng records ihai comply with Seetions 386 and 387 of (he Cotnpanie5 Aci 2006 and preparing finaTrcial siaierTrenis ivhich glve a irue and fair view ofihe stsie of affayrs of Il)e chariiable company as at the end of e8¢h financial year and of Its surplus OT deficit for each financial yeai. in accordance wirh the ieqiiiren?eTrls of Seciions 394 and J95 and which oiherwise comply wirh the requirements of the Companies Aci 2006 l'elaiing 10 financial siaternenis. 50 far as applit8ble 10 the charitable company. {b) These financial siatetHenis have been prepad in ac¢ordan¢e with the sha1 provisions of Part 15 of the Compani¢s Aci ?006 relating io small ¢haiirable Companies. The fii?ancial siai¢meni$ were approv¢d by the Board of Ttusttts and were signed on its behalf by-. E S Baker ESB -T¥usiee P Jones B P Jones- Treasure The llo5 forni parr of these financial stsrements Pagell
FURNISTORE IN EAST SVRREY LIMITED Notts to ihe finaneixl statements for Ihe ye%r ended 31" Deeember 2021 STATUTOR Y INFORMATION Tlie cliariiable conipany is iegi51ered as a [npaThY limited by 8uarantee in England and Wale5. The reg15reied office address is 34 Holimerhorpe Avenue, Redhill Surtey and ihe iegisiraiion numbei ai Compani¢5 Hou5¢ is $960870. 11 is regisrered with the Chariiy Commi$5ion. Dymber 1117615. ACCOUNTING POLICIES Basis of preparing the financiAI stalementS The financial siatemenis of the chariiable company have been pr¢pared in accordance wilh Ihe Chai'iiies SORP 'Accouniing and Reporring by Ch8riiies.' Siatemeni of RecommeThded Praciice applicable lo chaiilies prepai ing their accounr5 in Ihe Uniied Kingdotn and Republic of Ireland and the Companies Aci 2006. The financial siaiemenis have been piepared under the historical cost conveniion. Ilicoe All iiiconi¢ is recootLi5ed in the Staiemeni of Financial AciivilLes once Ihe chariiy has ¢niirlement to the funds, and li is probable tliai Ihe income will be received and ihe amouni can b¢ rneasured reliably. Cxpenditure Liabiliiies are recognised on expendiiure as soon a5 Ih¢re is a legal or consinjctive obligation comniitiing Ihe l)arii)' io Ihat expenditiire, it IS Probable thai a transfer of econon)ic benefi15 will be required in seiileffteni and Ihe alouI11 of Ihe obligaiion ran be measured reliably. Expenditure is accounted for on an accruals bas55 and has betn lassified under headintss thai aggiegate all cost ielaied to ihe caregory. Wher¢ costs cannot be directly attribuied io particiilar headings Ihey have been alloc8i¢d 10 J¢iiviti¢5 on a basis consistent with the use of resources. Rwising futids Raisin funds include5 all ¢xpendiiure incurred by the charily to raise fuTrds for its ¢harirable purpose5 and includes costs of 811 fundraising aciiviries, evenis and non-charirable iwading. Charilable 8ciivities The c051s of ttoods services and ancillary trnding c051S thai hove been inclilded in chariiable acrivirie5. Siipport cosis 11)clude Ihe salary cosis of ihe manager and the volunteer orgalli5er. Governdlnce costs Cosis Include costs ossociared with irusÈ¢es' meeiing5. and expenses. independeni examinaiion fees. legal and professional fees and fees relating to the managemeni of Ihe charily's asseis. Tangible fixed asseis Depreciaiion is provided ai ihe following annual rares in order io writ¢ offeach a5%t over 115 estimated useful life. rr¢ehold laiid Freehold Pfoperly Improvenienrs ro freehold Moitsr vehicles Compu¢er ¢quipm¢ni - 2°h on cost - 20Yo on cosl - on cost - ))% OTh cost I'axalion The chai'ily is exemp¢ from corporotion rax on its chariiable actrviiies. Tlie charity is exempi frtsm value added iaN on PUTchases and is panially exempi on sales. and any iriecove17ble VA T 15 included with (he individual Iransaciions in income and cosi5. Pag¢ 12
FURNISTORE IN EAST SURREY LIMITED Noies to ihe Finxneial SiattMenlS - continued ror the ytar ended 31, Deeember 2021 ACCOUNTING POLICIES- eontinued Fund aL¢ounting UnTesiricied fiiiids ¢an be used in accordance with Ihe charlble objeciives ai the discrerion of the trustees. De5ignaied funds are unresrricied funds ihai have been designaied by the trustees for a particular purpose. Resiritted funds can only be used for particular restricted purpose5 within the objecrs of the chariry. Restriciions arise when specified by Ihe donor or when funds are ra15ed foi particular restricted purpose5. Funlier explarhaiion of the naiure and purpose of ¢ach fund 15 included in th¢ notes to ihe financial siatemenrs. Delerred income Grants receivable which relaie io a specific lime period are recognised evenly over rhe Televant period. Oiher gi.anis receLvable are recognised when lh¢ charily be¢ornes eniiiled 10 the relevant amounis Strch deferials are 5howii in ihe noies to the accounts and are shown as creditots. Capital Grants The board of rrusiees con5Eder Ihar any gift5 of iangible fixed assets orgTanis of a capitsl nature given for a Specific purpose and fully urilised in Ihe furrherdnce of Ihe objec15 of the charity should be credited io resiricred iiicoine in Ihe year received. When Ihe fixed a5sers are purchased wilh donor grants. the eapiial expendiiure is charged to rhe dollor flind and transferred 10 the capiial grants fund. The value of the capital grants fund represents the nei book value (trfdonoi- fLinded asseis. GRANTS AND DONATIONS 2021 2020 Donaiions Grai)Is Gift hid 18.569 35.325 9.787 63.681 17,502 52.691 7,417 77,610 INCOME FROM CHARITABLE ACTIVITES 2021 2020 Activity Sales Warehouse Sales 58,170 43.761 OTHER TRADING ACTIVITIES 2021 2020 Fuadraising evenls Proceeds on sale of van INVCSTMENT INCOME 2021 2020 Dep05ii account ini¢rest 37 Page 13
FURNISTORE IN EAST SURREY LIMITED Notes to ihe Financial StAltments- continvtd lor ihe year ended 31, Deeember 2021 NET INCOME Ner income is staled after ¢hargingl(credilin8)'. 2021 2020 Depfeciaiioii- owned asse15 8.225 8,225 CHARITABLE AcfiviTIES COSTS 2021 2020 Direct costs Support COSlS- See below 37,555 47.997 85,552 36,204 43,897 80.101 SUPPORT COSTS 2021 2020 Wages salaries Premi%es cosis Other cosis 23.845. 6.86? 17.289 47.996 Y2,274 9.$0? 4i,897 COVIRNANCE COSTS 2021 2020 W¢ioes Independeni e.xaminer's fee A¢countaiicy fe¢s L¢&al lees 6.707 750 810 7,020 710 30 8,410 8,267 io. FINANCE COSTS 2021 2020 Bank iiit¢re5t and ¢harg¢s Debentlli'e iniere51 546 3,350 3,896 574 4.600 5,174 TRUSTCES, REMUNERATION AND BENEFITS Neiiher of Ihe irusiees claimed any expenses during ihe year {?020= nil) Page 14
FURNISTORE IN EAST SURREY LIMITED Nolts to Ihe FinanciAI Siatenients- Continued ror th¢ year ended 31, December 2021 STAFf COSTS 2021 2020 Wages and salaries Ernployer's national in5ufdnce contributions Employer pension cosis 64.745 61,295 586 810 70) 65.450 The avei'age monihly number of etnploytts during ihe year was as follows.. 2021 2020 Chai'iiable aciivily Manaoenieni and admiAi5trdlion GovernanG¢ Page 15
FVRNISTORE IN EAST SURREY LIMITED Noies to ihe FinaneÉxl St8tements- conlinued for the year ended Jl" Decernber 2021 13. TANGIBLE FIXED ASSETS Freehold land Improvements building io freehold building Plant and machinery COST At I. January 2021 240.500 18,120 16,839 Ai i 1° December 2021 ?40.500 18.120 16,839 DEPRECIATION Ai I, January 2021 Charge for year 11.200 1,600 18.1?0 16,8i9 Al 31° December 2021 12,800 18,120 16,839 NET BOOK VALUE Ai i I, Oecember 2021 227.700 Ai 31. December 2020 229,iOO Motor vehic.l& ComputeT equiprnei)r Toi81s COST Ai I. January 2021 22.470 6,393 304,322 Ai 31" December 2021 22.470 6.39) 304,i?2 DEPRCCIATION Ai I. January 2021 Charge for year 7.490 4,494 4.262 8.225 Ai 31. December 2021 11,984 6.393 66,136 P4ET BOOK VALUE At 31° December 2021 10.486 238,186 Ai 31° December 2020 14.980 ?46,411 DEBTORS.. AMOUNTS FALL1Tr4G DUE WITHIN ONE YEAR 2021 2020 Trade debtor5 Other debiors Prepayments 1.244 5,875 941 8.060 566 6,205 473 7,244 Page 16
FURNISTORE IN EAST SURREY LIMITED Not¢s to the Financial Staiements continued ror the year cnd¢d 31" December 2021 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Tde crediiors Social securiiy and oiher ia.xes Oilier crediiors and accrued eApeTh5es 373 2.610 800 3.783 699 1,467 830 ?,996 16. CREDITORS: AMOUNTS FALLIPIG DUE AFfER MORE THAN ONE YEAR 2021 2020 Mortgage ()ther loans rnore than Syrs Troa-insi 8.840 9.316 92,000 8.840 Amounts lalling due in more ih&n five years-. 2021 2020 Repayclble oilierwise ihan by insialmen15 Orher loans n)ore ih811 5yrs non-in51 9?.000 MOVEMENT IN FUNDS Nei movemeni In funds Transf¢rs between fiinds Unrestrietcd flind5 G¢neric I fiind Designaied funds Debenture inierest fund DebetL(Lire repayment fulld MoiTgage inieresi fiind Gold fund 228.476 31.3?0 24.900 284.696 4,900 20.(KJO 5.729 5,475 (4,9001 (20.000} (546) 5,18i 5,475 Toral de5igDared funds i6.104 {546 Total iiiiiesii-icted funds R¢51riclert Iiinds Resiiicied flinds J Beanes Infomaiion ie¢hTrology N¢w vall TrainTrng 264.580 30.774 295.i54 5.238 12.843 262 3.107 8,349 262 {4.494) Total restricied funds 18.345 (6,625) TOTAL FUNDS 282,923 24,149 307.072 Page 17
FURNISTORE IN EAST SURREY LIMITED Noles to tbe Fiiiancial Statements- continu¢d lor the year ended 31" December 2021 17. MOVEMENT IN FUNDS- ronlinued Nei movenieni in fund5. Ln¢luded in (he above are as follows.. Income Expenditur¢ Net movellieni Uiireslricied funds General fund Designaied funds Mortgage inreresi Gold FLlt5d 80.233 31,320 (546) (546) Total designated fiind$ 546 (546) Total unrestricted fund5 180.779) 30.774 Restricted fiifids Resiricied funds J B¢anes Land fill lax citdils Salaries- markeiing Training Infoi'maiion rechnology Ne%¥ van Packs 6.516 2,794 1,000 (6.516) (2.794) (1.000) (2.131) (4,494) (4.494) Total resrricied tunds 10.ilo (16,9iS) 6.625 TO"fAL FUNDS 121,863 97.714) 24,149 RELAI'CD PARTY DISCLOSURES Theie were no lelaied party iransaciion5 for the year ended 31° December 2021. Poge 18