Company Registration Number - 05541653
The Charity Registration Number is :- 1118353
Glossopdale Furniture Project
Amended Report and Accounts
31 March 2021
## **Glossopdale Furniture Project**
## **Report and accounts for the year ended 31 March 2021**
## **Contents**
||**Page**||
|---|---|---|
|**Charity information**||1|
|**Trustees' Annual Report**||1|
|**Statement of directors' responsibilities**||5|
|**Independent Accountant's Report**||7|
|**_Funds Statements:-_**|||
|Statement of Financial Activities||9|
|Statement of Financial Activities - Prior Year statement||10|
|..Movement in funds||12|
|Income and Expenditure account||13|
|**Balance sheet**||13|
|**Notes to the accounts**||15|
## **Glossopdale Furniture Project**
Company Registration Number - 05541653
## **Trustees' Annual Report for the year ended 31 March 2021**
The Trustees present their Report and Accounts for the year ended 31 March 2021, which also comprises the Directors' Report required by the Companies Act 2006.
## **Reference and administrative details**
## _**The charity name.**_
The legal name of the charity is:- Glossopdale Furniture Project
The charity is also known by its operating name,
## _**The charity's areas operation and UK charitable registration.**_
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1118353
## _**Legal structure of the charity**_
The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.
The trustees are all individuals.
## **The principal operating address, telephone number, email and web addresses of the charity are:-**
Pikes Lane
Glossop, Derbyshire SK13 8EH Telephone 01457 857505 Email Address mail@glossopdalefurniture.co.uk Web address www.glossopdalefurnitureproject.co.uk
The registered office of the charity for Companies Act purposes is the same as the operating address shown above.
## **The Trustees in office on the date the report was approved were:-**
Jane Cook Damien Greenhalgh Janet Lee Trevor Lee Stella Quinn Sharon Saggerson Dorothy Scapens
1
## **Glossopdale Furniture Project**
Company Registration Number - 05541653
## **Trustees' Annual Report for the year ended 31 March 2021**
The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.
At the Annual General Meeting Stella Quinn, Sharon Saggerson and Dorothy Scapens retire by rotation, but are eligible for reappointment.
All the trustees are also members of the charity.
## **Objects and activities of the charity**
## _**The purposes of the charity as set out in its governing document.**_
The prime objective of the charity is to relieve generally or individually people in need, hardship,or distress in the High Peak area of Derbyshire.
## _**The main activities undertaken in relation to those purposes during the year.**_
The Project achieves its main charitable objective through the receipt of donations of surplus or unwanted furniture from the general public and supplying it to those on low incomes either free, or for a small charge, according to their circumstances.
## _**The main activities undertaken during the year to further the charity's purpose for the public benefit.**_
The Project provides furniture and other essential household items to those on low incomes; offering clean and safe donated furniture at affordable prices and, where appropriate, free furniture packs to those homeless or in hardship who are referred by social organisations and being helped in setting up a new home.
Due to the restrictions initiated by the pandemic it has been necessary for the Project to curtail some of the programmes supporting those with learning difficulties until such time as the conditions allow.
It continues to provide, where possible, opportunities for volunteers and those wishing to benefit from work experience who are looking full-time employment elsewhere, seeking to return to full-time employment, or those who are retired and wish to continue an involvement within the community.
Income continues to be provided from the sale of donated furniture, sold as supplied or upcycled, household items and other products made in-house from recycled wood in its own workshop through the main warehouse at Pikes Lane, Glossop and its shop on George Street, Glossop.
The Pikes Lane site was re-signed on a ten year rent agreement from Derbyshire County Council in October 2018. The George Street shop is in the fourth year of purchase on a 15 year mortgage.
Additional income was also received from public bodies, grants from organisations and donations from the general public.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
2
## **Glossopdale Furniture Project**
Company Registration Number - 05541653
## **Trustees' Annual Report for the year ended 31 March 2021**
## **The main achievements and performance of the charity during the year.**
Total income from the sale of furniture and reconditioned items was £90,305 (2020 £140,572). Income from other sources, donations, grants and fundraising was £146,476 (2020 £52,148). This includes government grants of £70,975 under various coronavirus support schemes (2020 £nil)
Operating expenses were £201,426 (2020 £211,858) and there was a surplus of £35,355 (2020 shortfall £19,138)
## _**The difference the charity's performance during the year has made to the beneficiaries of the charity.**_
The Project closed all operations and all staff, with the exception of the Manager, being furloughed during the lockdown periods. All furloughed staff were supported by the Government’s Job Retention Scheme when it became available. Essential staff returned to work as and when required when restrictions were eased.
Due to the restrictions and severely limited operations during the year, the Project collected significantly less than its annual average at 36 tonnes of furniture over the year which, by allocating it to other sources and good use, continued to avoid it being sent to landfill. It has been able to maintain its service of providing clean, safe furniture at affordable prices.
The call on the Project’s services, despite the limited operating time due to the periods of lockdown, continued to see a demand of its charitable service supplying a total of 117 furniture and household essentials packs over the year to those who qualify through referrals or in desperate need.
All activities returned to operating in the usual manner wherever possible, with added health & safety precautions and restrictions in place throughout the year once the COVID-19 lockdowns were lifted.
## _**The degree to which the achievements and performance during the year have benefited wider society.**_
The Project continues to provide an increasingly vital service to the public and its service users by re-using and recycling furniture, materials and other household items.
## **Structure, governance and management of the charity**
The Charity has a Board of seven members who meet a minimum of six times a year and who are responsible for the charity's overall management and strategic direction. Sub groups are formed on an ad hoc basis to meet the needs of the Charity. The Board members are drawn from the local community and local government. The Board is made up of volunteers who give their time to attend meeting and support the activities of the organisation.
Day to day management of the Charity is delegated to the manager, Mr Paul Marsh.
## _**The methods used to recruit and appoint new charity trustees.**_
New Trustees are interviewed to find out what skills and expertise they can offer the Organisation, and are then invited to join the Board. The experience and skills of the Trustees are monitored to ensure that the Board has the competence to support the Organisation successfully.
3
## **Glossopdale Furniture Project**
Company Registration Number - 05541653
## **Trustees' Annual Report for the year ended 31 March 2021**
## **Administrative details**
Bankers HSBC, Great Underbank, Stockport, Cheshire, SK1 1LH Solicitors Peter D Greenhalgh, 6-10 Lord Street, Glossop, Derbyshire, SK13 7AF Accountants Martin C Galvin, 1 Duke Street, Glossop, Derbyshire, SK13 8JD
## **Financial review**
## _**The charity's financial position at the end of the year ended 31 March 2021**_
The financial position of the charity at 31 March 2021 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
|Designated Fixed Asset Funds
**_Total Unrestricted Funds_**
Restricted Revenue Funds
**Total Funds**
**Net income/(expenditure)**
Unrestricted Revenue Funds available for the
general purposes of the charity|**2021**
**£**
35,355
150,194
1,200
**151,394**
9,937
161,331|**2020**
**£**
(19,138)|
|---|---|---|
|||124,574
1,402|
|||**125,976**|
|||-|
|||125,976|
## _**Financial review of the position at the reporting date, 31 March 2021 .**_
The trustees consider the financial performance by the charity during the year to have been satisfactory.
Specific changes in fixed assets are detailed in the notes to the accounts.
## _**Policies on reserves.**_
Funds held in excess of requirements for day to day running of the charity are classed as reserves. Reserves are held to cover emergency repairs, replacement of equipment, redundancy costs, and to provide investment income for the charity. At the report date it is considered that a minimum of £50,000 should be maintained for daily running of the charity and surplus funds should be invested as reserves. At 31st March £47,557 was maintained in the bank current account and £27,246 was invested in interest earning accounts.
4
## **Glossopdale Furniture Project**
Company Registration Number - 05541653
## **Trustees' Annual Report for the year ended 31 March 2021**
## _**Availability and adequacy of assets of each of the funds**_
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
## **Statement of the Directors' and Trustees' Responsibilities**
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 applicable to periods commencing 1st January 2019), (The SORP).
In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
- to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material
departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
5
## **Glossopdale Furniture Project**
Company Registration Number - 05541653
## **Trustees' Annual Report for the year ended 31 March 2021**
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
## **Method of preparation of accounts - Small company provisions**
The financial statements are set out on pages 9 to 27.
The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 applicable to periods commencing 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)
These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
This report was approved by the board of trustees on 17 November 2021.
JANET LEE Director and Trustee
6
## **Glossopdale Furniture Project**
## **Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 March 2021**
I report to the Trustees on my examination of the amended financial statements of the charitable company on pages 9 to 27 for the year ended 31 March 2020 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 applicable to period ending on or after 1 January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 15.
## **Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report**
As described on page 5, you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.
The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Companies Act 2006. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-
a) examine the financial statements of the charity under Section 145 of the Act;
b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Basis of Independent Examiner's Statement and scope of work undertaken**
I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.
The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide
Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
7
## **Glossopdale Furniture Project**
I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.
## **Independent Examiner's Statement, Report and Opinion**
Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-
The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006;
This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;
and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-
accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011;
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair' view, which is not a matter considered as part of an independent examination;
have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in Oct0ber 2018 for periods commencing on or after 1 January 2019), (The SORP).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## **Signed:-**
Martin C Galvin FCA - Independent Examiner
Chartered Accountant 1 Duke Street Glossop Derbyshire SK13 8JD
This report was signed on 17 November 2021
8
## **Glossopdale Furniture Project - Statement of Financial Activities for the year ended 31 March 2021**
## _**Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 March 2021, as required by the Companies Act 2006)**_
|**Income & Endowments from:**
Donations & Legacies
A1
Charitable activities
A2
Investments
A4
**Total income**
**A**
**Expenditure on:**
Charitable activities
B2
**Total expenditure**
**B**
**Net income/(expenditure) for the year**
**Net income after transfers**
**A-B**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
**Total funds carried forward**
**Net movement in funds**
**SORP**
**Ref**|**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
84,043
89,957
136
|**Current year**
**Restricted**
**Funds**
**2021**
**£**
58,849
3,796
-|**Current year**
**Total Funds**
**2021**
**£**
**142,892**
**93,753**
**136**
**236,781**
**201,426**
**201,426**
**35,355**
**35,355**
**35,355**
**125,976**
**161,331**|**Prior Year**
**Total Funds**
**2020**
**£**
43,940
148,414
366|
|---|---|---|---|---|
||**174,136**|**62,645**||**192,720**|
||148,718|52,708||211,858|
||**148,718**|**52,708**||**211,858**|
||||||
||**25,418**|**9,937**||**(19,138)**|
||**25,418**|**9,937**||**(19,138)**|
||**25,418**
125,976|**9,937**
-||**(19,138)**
145,116|
||**151,394**|**9,937**||**125,978**|
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All activities derive from continuing operations
**The notes attached on pages 15 to 27 form an integral part of these accounts.**
9
## **Glossopdale Furniture Project - Statement of Financial Activities for the year ended 31 March 2021**
## **Glossopdale Furniture Project - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP**
|**Income from:**
Donations & Legacies
A1
Charitable activities
A2
Investments
A4
**Total income**
**A**
**Expenditure on:**
Charitable activities
B2
**Total expenditure**
**B**
**Net expenditure for the year**
**Transfers between funds**
**C**
**Net income after transfers**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
**Total funds carried forward**
**SORP**
**Ref**
**Net movement in funds**|**Prior Year**
**Unrestricted**
**Funds**
**2020**
**£**
8,401
145,828
366
|**Prior Year**
**Restricted**
**Funds**
**2020**
**£**
35,539
2,586
-|**Prior Year**
**Total Funds**
**2020**
**£**
**43,940**
**148,414**
**366**
192,720
**211,858**
**211,858**
**(19,138)**
**-**
(19,138)
**(19,138)**
**145,114**|
|---|---|---|---|
||154,595|38,125||
||168,024|43,835||
||**168,024**|**43,835**||
||(13,429)
-|(5,710)
-||
||(13,429)|(5,710)||
||**(13,429)**
139,405|**(5,710)**
5,710||
||**125,976**|**-**|**125,976**|
**All activities derive from continuing operations**
## **Glossopdale Furniture Project - Resources applied in the year ended 31 March 2021 towards fixed assets for Charity use:-**
|Funds generated in the year as detailed in the SOFA
**Net resources available to fund charitable activities**|**2021**
**£**
35,355
**35,355**|**2020**
**£**
(19,139)|
|---|---|---|
|||**(19,139)**|
**The notes attached on pages 15 to 27 form an integral part of these accounts.**
10
## **Glossopdale Furniture Project - Statement of Financial Activities for the year ended 31 March 2021**
## **Movements in revenue and capital funds for the year ended 31 March 2021**
## **Revenue accumulated funds**
|Accumulated funds brought forward
(From)/To unrestricted revenue funds
**Closing revenue funds**
**Fixed asset funds**
At 1 April
Transfer (to)/from revenue funds
**At 31 March**
Recognised gains and losses before transfers|**Unrestricted**
**Funds**
**2021**
**£**
124,574
25,418|**Restricted**
**Funds**
**2021**
**£**
-
9,937|**Total**
**Funds**
**2021**
**£**
124,574
35,355
**159,929**
202
**160,131**
**Total**
**Funds**
**2021**
**£**
1,402
(202)
**1,200**|**Last year**
**Total Funds**
**2020**
**£**
**136,049**
(19,138)|
|---|---|---|---|---|
||**149,992**
202|**9,937**
-||**116,911**
7,665|
||**150,194**|**9,937**||**124,576**|
||**Designated**
**Funds**
**2021**
**£**
1,402
(202)|**Restricted**
**Funds**
**2021**
**£**
-
-||**Last year**
**Total Funds**
**2020**
**£**
9,067
(7,665)|
||**1,200**|**-**||**1,402**|
The purposes of the transfers to fixed asset funds are described in Note 20 to the accounts and under the accounting policy 'Accounting for capital grants and fixed asset funds'.
## **Summary of funds**
||||||
|---|---|---|---|---|
|**Summary of funds**
Revenue accumulated funds
Fixed asset funds
**Total funds**|**Unrestricted**
**Restricted**
**and**
**Funds**
**Designated funds**
**2021**
**2021**
**£**
**£**
150,194
9,937
1,200
-
**151,394**
**9,937**||**Total**
**Funds**
**2021**
**£**
**160,131**
**1,200**
**161,331**|**Last Year**
**Total Funds**
**2020**
**£**
124,575
1,402|
||**151,394**|**9,937**||**125,977**|
**The notes attached on pages 15 to 27 form an integral part of these accounts.**
11
## **Glossopdale Furniture Project - Statement of Financial Activities for the year ended 31 March 2021**
## **Income and Expenditure Account for the year ended 31 March 2021 as required by the Companies Act 2006**
|**_Income_**
Income from operations
Interest receivable
**Gross income in the year before exceptional items**
**Gross income in the year including exceptional items**
**_Expenditure_**
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Governance costs
Interest payable
Realised losses on disposals of social investments which are programme related
**Total expenditure in the year**
Tax on surplus on ordinary activities
**Retained surplus for the financial year**
All activities derive from continuing operations
**Net income after tax in the financial year**
**Net income before tax in the financial year**
Investment income and interest|**2021**
**£**
236,645
136
**236,781**
**236,781**
**193,331**
**1,094**
**793**
**6,208**
-
**201,426**
35,355
-
**35,355**
**35,355**|**2020**
**£**
192,354
366|
|---|---|---|
|||**192,720**|
|||**192,720**|
|||**195,947**
**8,716**
**793**
**6,402**
-|
|||**211,858**|
|||(19,138)
-|
|||**(19,138)**|
|||**(19,138)**|
||||
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
## **The notes attached on pages 15 to 27 form an integral part of these accounts.**
12
## **Glossopdale Furniture Project - Balance Sheet as at 31 March 2021**
|||**SORP**|||||
|---|---|---|---|---|---|---|
||Note|**Ref**||**2021**||**2020**|
|||||**£**||**£**|
|**Fixed assets**||A|||||
|Tangible assets|10|A2||169,612||170,706|
|**Current assets**||B|||||
|Debtors|12|B2|13,230||3,452||
|Investments held as current assets|11|B3|27,246||27,111||
|Cash at bank and in hand||B4|74,804||48,730||
|**Total current assets**|||115,280||79,293||
|**Creditors: amounts falling due within**|||||||
|**one year**|13|C1|(6,073)||(6,671)||
|**Net current assets**||||109,207||72,622|
|||||278,819||243,328|
|**_Total assets less current liabilities_**|||||||
|Creditors: amounts falling due after more|||||||
|than one year|14|C2||(90,241)||(90,241)|
|**The total net assets of the charity**||||188,578||153,087|
|**The total net assets of the charity are funded**||**by the**|**funds of the**|**charity, as follows:-**|||
|**Restricted funds**|||||||
|Restricted Revenue Funds|17|D2||9,937||-|
|**Unrestricted Funds**|||||||
|Unrestricted Revenue Funds|17|D3||150,194||124,574|
|**Designated Funds**|||||||
|Designated Fixed Asset Funds|17|D3||1,200||1,402|
|**Total charity funds**||||161,331||125,976|
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
13
## **Glossopdale Furniture Project - Balance Sheet as at 31 March 2021**
No member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 8.
JANET LEE Trustee Approved by the board of trustees on 17 November 2021
**The notes attached on pages 15 to 27 form an integral part of these accounts.**
14
## **Glossopdale Furniture Project**
## **Notes to the Accounts for the year ended 31 March 2021**
## **1 Accounting policies**
## _**Policies relating to the production of the accounts.**_
## **Basis of preparation and accounting convention**
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
## **Risks and future assumptions**
The charity is a public benefit entity.
## _**Policies relating to categories of income and income recognition.**_
## **Nature of income**
Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
## **Categories of Income**
Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.
**Income from exchange transactions** is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.
**Income from a non-exchange transaction** is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
## **Income recognition**
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
15
## **Glossopdale Furniture Project**
## **Notes to the Accounts for the year ended 31 March 2021**
## **Donated goods, facilities and services**
**Donated goods** consist of second hand furniture and appliances, which are donated by members of the public. No value is attributed to donated goods or appliances, when received, or to the cost of repairing or testing them.
The cost of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt by the beneficiaries.
## _**Policies relating to expenditure on goods and services provided to the charity.**_
## **Recognition of liabilities and expenditure**
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
## _**Policies relating to assets, liabilities and provisions and other matters.**_
## _**Tangible fixed assets**_
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value ov estimated useful lives.
Portacabin 15 % reducing balance Polytunnel 10 % straight line Plant and equipment 25 % straight line Motor vehicles 25 % straight line
No depreciation is provided on freehold property and improvements because it is the practice to maintain the property in a continual state of sound repair. Accordingly, the life is so long and the residual value so high that the Trustees consider that depreciation calculated in accordance with accepted accounting standards would be immaterial.
## **Pensions - defined contribution schemes**
The charity operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
16
## **Glossopdale Furniture Project**
## **Notes to the Accounts for the year ended 31 March 2021**
## **Fund Accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.
## **2 Liability to taxation**
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
## **3 Winding up or dissolution of the charity**
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
## **4 Significance of financial instruments to the charity's position**
There are no financial instruments which bear any significance to the charity's financial poisition
## **5 Net surplus before tax in the financial year**
|Depreciation of owned fixed assets
Pension costs
**6 Interest payable**
Loan interest
**7 Staff costs and emoluments**
**_Salary costs_**
Gross Salaries excluding trustees and key management personnel
**Total salaries, wages and related costs**
Employer's operating costs of defined contribution pension schemes
The net surplus before tax in the financial year is stated after charging:-|**2021**
**£**
1,094
8,868|**2020**
**£**
8,716
6,568|
|---|---|---|
||**2021**
**£**
6,208|**2020**
**£**
6,402|
||**2021**
**£**
137,418
8,868|**2020**
**£**
141,594
6,568|
||**146,286**|**148,162**|
17
## **Glossopdale Furniture Project**
## **Notes to the Accounts for the year ended 31 March 2021**
|**_Numbers of full time employees or full time equivalents_**
The average number of total staff employed in the year was
The estimated full time equivalent number of all staff employed in the year was|**2021**
**9**|**2020**
9|
|---|---|---|
||**8**|**8**|
Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.
No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.
## **8 Defined contribution pension schemes**
The charity operates a defined contribution pension scheme.
Any liabilites and assets associated with the scheme are shown under debtors and creditors.
## **9 Remuneration and payments to Trustees and persons connected with them**
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
## **10 Tangible fixed assets**
|**Cost**
At 1 April 2020
**At 31 March 2021**
**Depreciation**
At 1 April 2020
Charge for the year
**At 31 March 2021**
**Net book value**
At 31 March 2021
At 31 March 2020|**Land and**
**Buildings**
£
198,420|**Plant &**
**Machinery**
£
886|**Motor**
**Vehicles**
£
29,862|**Total**
£
229,168|
|---|---|---|---|---|
||**198,420**|**886**|**29,862**|**229,168**|
||27,722
1,091|880
2|29,860
1|58,462
1,094|
||**28,813**|**882**|**29,861**|**59,556**|
||**169,607**|**4**|**1**|**169,612**|
||||||
||**170,698**|**6**|**2**|**170,706**|
## **11 Investments held as current assets at market value at 31 March 2021**
Cash on deposit - less than 3 months notice
|**2021**|**2020**|
|---|---|
|**£**|**£**|
|27,246|27,111|
18
## **Glossopdale Furniture Project**
|**Notes to the Accounts for the year ended 31 March 2021**
**12 Debtors**
Job retention scheme claim
Gift Aid due
Sundry debtors
**13 Creditors: amounts falling due within one year**
Bank loans and overdrafts
Accruals
**14 Creditors: amounts falling due after one year**
Bank loans and overdrafts
**15 Income and Expenditure account summary**
**At 1 April 2020**
Surplus/(loss) after tax for the year
**At 31 March 2021**|**2021**
10,111
1,512
1,607|**2020**
**-**
2,835
617|
|---|---|---|
||**13,230**|**3,452**|
||||
||**2021**
**£**
**5,272**
**801**|**2020**
**£**
**5,272**
**1,399**|
||**6,073**|**6,671**|
||**2021**
**£**
**90,241**|**2020**
**£**
**90,241**|
||**2021**
**£**
125,976
35,355|**2020**
**£**
145,116
(19,138)|
||**161,331**|**125,978**|
**16 Particulars of how particular funds are represented by assets and liabilities**
|**At 31 March 2021**
Tangible Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities
**At 1 April 2020**
Tangible Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities|**Unrestricted**
**funds**
**£**
168,412
105,343
(6,073)
(90,241)|**Designated**
**funds**
**£**
1,200
-
-|**Restricted**
**funds**
**£**
-
9,937
-
-|**Total**
**Funds**
**£**
**169,612**
**115,280**
**(6,073)**
**(90,241)**|
|---|---|---|---|---|
||**177,441**|**1,200**|**9,937**|**188,578**|
||**Unrestricted**
**funds**
**£**
169,304
79,293
(6,671)
(90,241)|**Designated**
**funds**
**£**
1,402
-
-
-|**Restricted**
**funds**
**£**
-
-
-
-|**Total**
**Funds**
**£**
**170,706**
**79,293**
**(6,671)**
**(90,241)**|
||**151,685**|**1,402**|**-**|**153,087**|
19
## **Glossopdale Furniture Project**
## **Notes to the Accounts for the year ended 31 March 2021**
## **17 Change in total funds over the year as shown in Note 16 , analysed by individual funds**
|**See Note 18**
**£**
**£**
**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
124,574
25,418
Designated Fixed Asset Funds
1,402
-
**Total unrestricted and designated funds**
**125,976**
**25,418**
**_Restricted funds:-_**
Derbyshire County Council
-
-
National Lottery
-
9,937
**Total restricted funds**
**-**
**19,874**
**Total charity funds**
**125,976**
**45,292**
**18 Analysis of movements in funds over the year as shown in Note 17**
**Income**
**Expenditure**
**2021**
**2021**
**£**
**£**
**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
174,136
(148,718)
**_Restricted funds:-_**
Derbyshire County Council
32,133
(32,133)
1,000
(1,000)
National Lottery
9,937
MCLS J Wharmby
1,300
(1,300)
Foundation Derbyshire
10,000
(10,000)
Hobson Charity
2,000
(2,000)
Wakeham Trust
2,000
(2,000)
Sundry other funds
480
(480)
**236,781**
**(201,426)**
**Funds brought**
**forward from**
**2020**
**Movement in**
**funds in 2021**
High Peak Borough Council (Furniture packs)|**£**
124,574
1,402
**Funds brought**
**forward from**
**2020**|**See Note 18**
**£**
25,418
-
**Movement in**
**funds in 2021**|**See Note 19**
**£**
**202**
**(202)**
**Transfers**
**between**
**funds in 2021**|**£**
**150,194**
**1,200**
**Funds**
**carried**
**forward to**
**2022**|
|---|---|---|---|---|
||**125,976**|**25,418**|**-**|**151,394**|
||-
-|-
9,937|-
-|**-**
**9,937**|
||**-**|**19,874**|**-**|**19,874**|
||||||
||**125,976**|**45,292**|**-**|**171,268**|
||||**Other**
**Gains &**
**Losses**
**2021**
**£**
-
-
-
-
-
-
-
-
**-**|**Movement**
**in funds**
**2021**
**£**
25,418
-
-
9,937
-
-
-
-
**-**|
||**236,781**|**(201,426)**|**-**|**35,355**|
20
## **Glossopdale Furniture Project**
## **Notes to the Accounts for the year ended 31 March 2021**
## **19 Details of transfers between funds in the year as shown in Note 17**
|To/(from) Designated Fixed Asset Funds
**Net transfers**
The transfers shown in note 17 above are:-
To/(from) Unrestricted Revenue Funds in accordance with the accounting policy 'Accounting for capital
grants and fixed asset funds'.|**2021**
**£**
202
(202)|
|---|---|
||**-**|
## **20 The purposes for which the funds as detailed in note 17 are held by the charity are:-**
## _**Unrestricted and designated funds:-**_
These funds are held for the meeting the objectives of the charity, and to Unrestricted Revenue Funds provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.
The purpose of these funds is described under the accounting policy Designated Fixed Asset Funds 'Accounting for capital grants and fixed asset funds'.
## _**Restricted funds:-**_
Restricted Funds are subject to restrictions on their expenditure according Restricted Revenue Funds to terms agreed with the Grantor or Donor.
## **21 Ultimate controlling party**
The charity is under the control of its legal members.
Every member of the charity is obliged to contribute such amount as may be required not exceeding £10 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
21
## **Glossopdale Furniture Project**
## **Detailed analysis of income and expenditure for the year ended 31 March 2021 as required by the SORP 2015**
## _**This analysis is classsified by conventional nominal descriptions and not by activity.**_
|**22**
**Donations and Legacies**
**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
**Donations and gifts from individuals**
-
1,512
**2,512**
**Revenue grants from government and public bodies**
-
-
33,030
48,501
-
-
**81,531**
**Revenue grants and donations from non public bodies**
-
-
-
-
-
**-**
**Total Donations and Legacies**
**A1**
**84,043**
Wakeham Trust
HMRC Coronavirus Job Retention Scheme
Cooperative Society
**Total private sector revenue grants**
High Peak Borough Council (Support grants (Covid)
National Lottery
Small grants individually less than £1000
Derbyshire County Council
High Peak Borough Council (Furniture packs)
MCLS J Wharmby
Hobson Charity
**Total public sector revenue grants**
Foundation Derbyshire
**Total donations and gifts from individuals**
Gift Aid claimed
Small donations individually less than £1000|**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
-
1,512|**Current year**
**Restricted**
**Funds**
**2021**
**£**
480
-
**480**
32,133
1,000
-
-
9,936
1,300
**44,369**
-
10,000
2,000
2,000
-
**14,000**
**58,849**|**Current year**
**Total Funds**
**2021**
**£**
**480**
**1,512**
**2,992**
**32,133**
**1,000**
**33,030**
**48,501**
**9,936**
**1,300**
**125,900**
**-**
**10,000**
**2,000**
**2,000**
**-**
**14,000**
**142,892**|**Prior Year**
**Total Funds**
**2020**
**£**
191
7,210|
|---|---|---|---|---|
||**2,512**|||**7,401**|
|||||32,133
1,000
-
-
-
-|
|||||**33,133**|
|||||250
-
-
-
3,156|
||**-**|||**3,406**|
||||||
||**84,043**|||**43,940**|
22
## **Glossopdale Furniture Project**
## **Detailed analysis of income and expenditure for the year ended 31 March 2021 as required by the SORP 2015**
## **23 Income from charitable activities - Trading Activities**
|**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
**Primary purpose and ancillary trading**
49,258
19,901
3,449
17,349
**89,957**
**24**
**Current year**
**Unrestricted**
**Funds**
**£**
**2021**
Total income from charitable trading
89,957
**Total from charitable activities**
**A2**
**89,957**
**25 Investment income**
**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
Bank Interest Receivable
136
**Total investment income**
**A4**
**136**
**Total Income from charitable activities**
**Total Primary purpose and ancillary trading**
DCC recycling credits
Sale of goods - Pikes Lane
Sale of goods - George Street
Value of goods provided to beneficiaries|**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
49,258
19,901
3,449
17,349|**Current year**
**Restricted**
**Funds**
**2021**
**£**
3,796
-
-
-
**3,796**
**Current year**
**Restricted**
**Funds**
**£**
**2021**
3,796
**3,796**
**Current year**
**Restricted**
**Funds**
**2021**
**£**
-
**-**|**Current year**
**Total Funds**
**2021**
**£**
**53,054**
**19,901**
**3,449**
**17,349**
**93,753**
**Current year**
**Total Funds**
**£**
**2021**
**93,753**
**93,753**
**Current year**
**Total Funds**
**2021**
**£**
**136**
**136**|**Prior Year**
**Total Funds**
**2020**
**£**
93,200
31,589
7,842
15,783|
|---|---|---|---|---|
||**89,957**|||**148,414**|
||**Current year**
**Unrestricted**
**Funds**
**£**
**2021**
89,957|||**Prior Year**
**Total Funds**
**£**
**2020**
148,414|
|||||**148,414**|
||**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
136|||**Prior Year**
**Total Funds**
**2020**
**£**
366|
||**136**|||**366**|
23
## **Glossopdale Furniture Project**
## **Detailed analysis of income and expenditure for the year ended 31 March 2021 as required by the SORP 2015**
## **26 Expenditure on charitable activities - Charitable trading**
|**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
104,477
8,868
2,077
218
3,710
360
4,464
**Total charitable trading costs**
**B2b**
**124,174**
Gross wages and salaries - charitable trading
activities
HR Consultancy
Payroll fees and charges
Defined contribution pension costs - charitable
trading activities
Staff welfare & hygeine costs
Motor expenses
Training and travel expenses|**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
104,477
8,868
2,077
218
3,710
360
4,464|**Current year**
**Restricted**
**Funds**
**2021**
**£**
32,941
-
-
-
-
-
-|**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2021**
**2020**
**£**
**£**
**137,418**
141,594
**8,868**
6,568
**2,077**
-
**218**
687
**3,710**
5,483
**360**
360
**4,464**
3,021|
|---|---|---|---|
|||**32,941**|**157,115**
**157,713**|
|**27**|**Support costs for charitable activities**|||||
|---|---|---|---|---|---|
|||**Current year**|**Current year**|**Current year**|**Prior Year**|
|||**Unrestricted**|**Restricted**|**Total Funds**|**Total Funds**|
|||**Funds**|**Funds**|||
|||**2021**|**2021**|**2021**|**2020**|
|||**£**|**£**|**£**|**£**|
||Volunteers' expenses|423|-|**423**|2,793|
||**_Premises Expenses_**|||||
||Rent payable under operating leases|-|-|**-**|-|
||Rent|3,700|-|**3,700**|3,700|
||Rates and water charges|922|-|**922**|4,541|
||Light heat and power|757|-|**757**|1,822|
||Cleaning and waste management|223|-|**223**|100|
||Premises repairs, renewals and maintenance|1,042|-|**1,042**|2,490|
||Property insurance|3,454|-|**3,454**|1,453|
||**_Administrative overheads_**|||||
||Telephone, fax and internet|2,422|-|**2,422**|1,723|
||Stationery and printing|757|-|**757**|685|
||Membership subscriptions|1,200|-|**1,200**|180|
||Advertising and marketing|433|-|**433**|684|
||Sundry expenses|37|-|**37**|-|
||Workshop materials|414|-|**414**|981|
||Starter packs purchased|-|2,418|**2,418**|506|
||Value of goods provided to beneficiaries|-|17,349|**17,349**|15,783|
24
## **Glossopdale Furniture Project**
## **Detailed analysis of income and expenditure for the year ended 31 March 2021 as required by the SORP 2015**
|**_Financial costs_**
**Support costs before reallocation**
**Total support costs**
Loan interest
Depreciation & Amortisation in total for the period
Bank charges|665
6,208
1,094|-
-
-|**665**
**6,208**
**1,094**|794
6,402
8,716|
|---|---|---|---|---|
||**23,751**|**19,767**
**19,767**|**43,518**
**43,518**|**53,353**|
||**23,751**|||**53,353**|
The basis of allocation of costs between activities is described under accounting policies
## **28 Other Expenditure - Governance costs**
|**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
Independent Examiner's fees
793
AGM costs
-
**Total Governance costs**
**793**
**29 Total Charitable expenditure**
**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
Total charitable trading costs
**B2b**
124,174
Total support costs
**B2d**
23,751
Total Governance costs
**B2e**
793
**Total charitable expenditure**
**B2**
**148,718**|**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
793
-|**Current year**
**Restricted**
**Funds**
**2021**
**£**
-
-
**-**
**Current year**
**Restricted**
**Funds**
**2021**
**£**
32,941
19,767
-|**Current year**
**Total Funds**
**2021**
**£**
**793**
**-**
**793**
**Current year**
**Total Funds**
**2021**
**£**
**157,115**
**43,518**
**793**|**Prior Year**
**Total Funds**
**2020**
**£**
793
-|
|---|---|---|---|---|
||**793**|||**793**|
|||||**Prior Year**
**Total Funds**
**2020**
**£**
157,713
53,353
793|
||**148,718**|**52,708**|**201,426**|**211,859**|
25
## **Glossopdale Furniture Project**
## **Detailed analysis of income and expenditure for the year ended 31 March 2021 as required by the SORP 2015**
## **30 Statement of Financial Activities by location**
|**Income**
Furniture sales - Pikes Lane Street
Furniture sales - George Street
Value of goods donated to beneficiaries
DCC Recycling credits
Bank Interest
HMRC Gift Aid refunds
_Donations & grants:_
DCC Grant
HPBC Grant (Furniture packs)
HPBC (Covid support)
Foundation Derbyshire
HMRC JRS grant
National Lottery
Hobson Charity
Wakeham Trust
MCLS Wharmby
Cooperative Society
Donations
**Administrative expenses**
Employee costs:
Wages and salaries
Pensions
HR services
Payroll administration fees
Staff training, welfare and travel
Motor expenses
Premises costs:
Rent
Rates and water
Light and heat
Insurance
Cleaning
General administrative expenses:
Telephone and fax
Stationery and printing
Volunteer expenses
Payment processing charges
Subscriptions
Starter packs purchased
Value of goods donated to beneficiaries
Workshop costs
Repairs and maintenance
Depreciation
Sundry expenses|**Total**
**2121**
**£**
53,055
19,901
17,349
3,449
136
1,512
32,133
1,000
33,030
10,000
48,501
9,936
2,000
2,000
1,300
-
1,480|**Pikes Lane**
**2121**
**£**
53,055
-
17,349
2,587
136
1,134
32,133
1,000
23,030
10,000
37,218
9,936
2,000
2,000
1,300
-
1,480
**194,358**
110,075
8,868
4,464
360
1,883
3,137
128,787
3,700
-
-
2,914
109
6,723
1,694
757
423
555
1,200
2,418
17,349
(42)
893
1,094
9|**George St**
**2121**
**£**
-
19,901
-
862
-
378
-
-
10,000
-
11,283
-
-
-
-
-
-
**42,424**
27,343
-
-
-
412
574
28,329
922
757
540
114
2,333
728
-
-
108
-
-
-
456
149
-
30|**Total**
**2020**
**£**
93,200
31,589
15,783
7,842
366
7,210
32,133
1,000
-
-
-
-
-
3,156
441|
|---|---|---|---|---|
||**236,782**|||**192,720**|
||137,418
8,868
4,464
360
2,295
3,711|||141,594
6,568
3,021
360
687
5,483|
||157,116|||157,713|
||3,700
922
757
3,454
223|||3,700
4,541
1,822
1,453
100|
||9,056|||11,616|
||2,422
757
423
663
1,200
2,418
17,349
414
1,042
1,094
39|||1,723
685
2,793
794
180
506
15,783
981
2,490
8,716
-|
26
## **Glossopdale Furniture Project**
## **Detailed analysis of income and expenditure for the year ended 31 March 2021 as required by the SORP 2015**
|Legal and professional costs:
Accountancy fees
Advertising and PR
Finance costs
Loan Interest
Total costs
Surplus (Shortfall) for the financial year|27,821|26,350
793
167
960
-
**162,820**
**31,538**|1,471
-
266
266
6,208
**38,607**
**3,817**|34,651|
|---|---|---|---|---|
||793
433|||793
684|
||1,226|||1,477|
||6,208|||6,402|
||||||
||**201,427**|||**211,859**|
||||||
||**35,355**|||**(19,138)**|
27