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2022-03-31-accounts

Company Registration Number 5541653

The Charity Registration Number is 1118353

Glossopdale Furniture Project

Report and Accounts

31 March 2022

Glossopdale Furniture Project

Report and accounts for the year ended 31 March 2022

Contents

Page
Charity information 1
Trustees' Annual Report 1
Statement of directors' responsibilities 6
Independent Accountant's Report 8
Funds Statements:-
Statement of Financial Activities 10
Statement of Financial Activities - Prior Year statement 11
Movements in funds 12
Income and Expenditure account 13
Summary of funds 16
Balance sheet 14
Notes to the accounts 16

Glossopdale Furniture Project

Company Registration Number - 5541653

Trustees' Annual Report for the year ended 31 March 2022

The Trustees present their Report and Accounts for the year ended 31 March 2022, 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'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.

The charity does not operate in any overseas jurisdictions.

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.glossopfurnitureproject.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:-

B Doyle J Brunt J Crompton A Dale J Lee G Parvin S Quinn I Roberts S Saggerson J Wharmby

1

Glossopdale Furniture Project

Company Registration Number - 5541653

Trustees' Annual Report for the year ended 31 March 2022

The following persons served as Trustees during the year ended 31 March 2022 :-

The trustees who served as a trustee in or after the reporting period, and, if applicable, their dates of appointment or resignation were:-.

Name Appointed Resigned/Retired
J Cook July 2022
D Greenhalgh November 2021
T Lee June 2022
D Scapens October 2021
J Brunt July 2022
B Doyle May 2022

At the Annual General Meeting J Lee and J Wharmby retire as trustees, but are eligible for reappointment.

All the trustees are also members of the charity.

2

Glossopdale Furniture Project

Company Registration Number - 5541653

Trustees' Annual Report for the year ended 31 March 2022

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, at no cost to those homeless or in extreme hardship who are referred by social organisations and being helped in setting up a new home.

Due to the revised regulations initiated by the pandemic and due to the limited available facilities on site, it has been necessary to cancel all programmes supporting those with learning difficulties.

It continues to provide, where possible, opportunities for volunteers of all ages 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 generated from the sale of donated furniture and household items sold as seen, alongside other products made in-house from recycled wood, or upcycled and recommissioned in its two workshops 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 High Peak Borough Council in October 2018. The George Street shop is currently in the fifth 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 recognise the Charity Commission’s guidance with regard to public benefit in managing the activities conducted by the Charity.

3

Glossopdale Furniture Project

Company Registration Number - 5541653

Trustees' Annual Report for the year ended 31 March 2022

The difference the Charity's peformance during the year has made to the beneficiaries

Over the year the Project collected 112,143 tonnes of furniture 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 continued to see a demand of its charitable service supplying a total of 155 furniture and household essentials packs over the year to those who qualify through referrals or in desperate need.

The Project’s warehouse and shop were open to the general public having returned to its full six days a week operation for the sale of goods, with appropriate restrictions in place. All income generated by the retail outlets continues to go towards the operating costs of running the Project. This is also supplemented from the grants and donations as already indicated.

All activities operated in the usual manner wherever possible although, as outlined above, the Project was unable to continue its association with and support of the Alderbrook Day Centre.

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

Recruitment and appointment of new 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.

4

Glossopdale Furniture Project

Company Registration Number - 5541653

Trustees' Annual Report for the year ended 31 March 2022

Administrative information

Bankers HSBC, Great Underwood, Stockport, Cheshire SK1 1LH Solicitors Peter D Greenhalgh, 6-10 Lord Street, Glossop, Derbyshire, SK13 7AF Accountants M C Galvin, 27A Hague Street, Glossop, Derbyshire, SK13 8NR

Financial review

The charity's financial position at the end of the year ended 31 March 2022

The financial position of the charity at 31 March 2022 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
Restricted Fixed Asset Funds
Total Restricted Funds
Total Funds
Unrestricted Revenue Funds available for the
general purposes of the charity
Net income		 2022
£
(6,617)
143,778
999
144,777
-
9,937
9,937
154,714		 2021
£
35,353
150,194
1,200
151,394
9,937
-
9,937
161,331

Financial review of the position at the reporting date, 31 March 2022 .

Total income from the sale of furniture and reconditioned items was £144,088 (2021 £72,956). Income from other sources, donations, grants and fundraising was £85,518 (2021 £82,295 plus £81,531 in covid support grants). Other income in 2021 included £81,531 in Covid related support grants. Operating expenses were £236,223 (2021 £201,427) and there was an operating shortfall of £6,617 (2021 operating surplus of £35,356)

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 £30,244 was maintained in the bank current account and £27,382 was invested in interest earning accounts.

5

Glossopdale Furniture Project

Company Registration Number - 5541653

Trustees' Annual Report for the year ended 31 March 2022

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 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 and applicable to all accounting periods beginning on or after 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 presume that the charity will continue in business;

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.

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.

6

Glossopdale Furniture Project

Company Registration Number - 5541653

Trustees' Annual Report for the year ended 31 March 2022

Method of preparation of accounts - Small company provisions

The financial statements are set out on pages 10 to 29.

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 and applicable to all accounting periods beginning on or after 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 23 November 2022.

J Lee Director and Trustee

7

Glossopdale Furniture Project

Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 March 2022

I report to the Trustees on my examination of the financial statements of the charitable company on pages 10 to 29 for the year ended 31 March 2022 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 and applicable to all accounting periods beginning on or after 1st 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 16.

Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report

As described on page 6, 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

8

Glossopdale Furniture Project

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.

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 October 2018 and applicable to all accounting periods beginning on or after 1st 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 Galvin - Independent Examiner

Chartered accountant 27A Hague Street Glossop Derbyshire SK13 8NR

This report was signed on 23 November 2022

9

Glossopdale Furniture Project - Statement of Financial Activities for the year ended 31 March 2022

Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 March 2022, as required by the Companies Act 2006)

Current year
Unrestricted
Funds
2022
£
Income & Endowments from:
Donations & Legacies
A1
16,467
Charitable activities
A2
179,870
Investments
A4
136
Total income
A
196,473
Expenditure on:
Charitable activities
B2
203,090
Total expenditure
B
203,090
Net income for the year
(6,617)
Net income after transfers
A-B-C
(6,617)
(6,617)
Reconciliation of funds:-
E
Total funds brought forward
151,394
Total funds carried forward
144,777
SORP
Ref
Net movement in funds		 Current year
Restricted
Funds
2022
£
33,133
-
-
33,133
33,133
33,133
-
-
-
9,937
9,937		 Current year
Total Funds
2022
£
49,600
179,870
136
229,606
236,223
236,223
(6,617)
(6,617)
(6,617)
161,331
154,714		 Prior Year
Total Funds
2021
£
142,892
93,753
136
236,781
201,428
201,428
35,353
35,353
35,353
125,978
161,331

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 16 to 29 form an integral part of these accounts.

10

Glossopdale Furniture Project - Statement of Financial Activities for the year ended 31 March 2022

Glossopdale Furniture Project - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP

Income & Endowments from:
Donations & Legacies
A1
Charitable activities
A2
Investments
A4
Total income
A
Expenditure on:
Charitable activities
B2
Total expenditure
B
Net income for the year
Net income after transfers
Reconciliation of funds:-
E
Total funds brought forward
Total funds carried forward
Net movement in funds
SORP
Ref		 Prior Year
Unrestricted
Funds
2021
£
84,043
89,957
136
174,136
148,718
148,718
25,418
25,418
25,418
125,976
151,394

 Prior Year
Restricted
Funds
2021
£
58,849
3,796
-
62,645
52,708
52,708
9,937
9,937
9,937
-
9,937		 Prior Year
Total Funds
2021
£
142,892
93,753
136
236,781
201,428
201,428
35,353
35,353
35,353
125,978
161,331

All activities derive from continuing operations

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.'

The notes attached on pages 16 to 29 form an integral part of these accounts.

11

Glossopdale Furniture Project - Statement of Financial Activities for the year ended 31 March 2022

Movements in revenue and capital funds for the year ended 31 March 2022

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
2022
£
150,194
(6,617)
143,577
201
143,778
Designated
Funds
2022
£
1,200
(201)
999		 Restricted
Funds
2022
£
9,937
-
9,937
(9,937)
-
Restricted
Funds
2022
£
-
9,937
9,937		 Total
Funds
2022
£
160,131
(6,617)
153,514
(9,736)
143,778
Total
Funds
2022
£
1,200
9,736
10,936		 Last year
Total Funds
2021
£
124,574
35,353
159,927
202
160,129
Last year
Total Funds
2021
£
1,402
(202)
1,200

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
Unrestricted
and
Designated funds
2022
£
Revenue accumulated funds
143,778
Fixed asset funds
999
Total funds
144,777		 Restricted
Funds
2022
£
-
9,937
9,937		 Total
Funds
2022
£
143,778
10,936
154,714		 Last Year
Total Funds
2021
£
160,131
1,200
161,331

The notes attached on pages 16 to 29 form an integral part of these accounts.

12

Glossopdale Furniture Project - Statement of Financial Activities for the year ended 31 March 2022

Glossopdale Furniture Project Income and Expenditure Account for the year ended 31 March 2022 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
Total expenditure in the year
Tax on surplus on ordinary activities
Retained surplus for the financial year
Net income after tax in the financial year
Net income before tax in the financial year
Investment income and interest		 2022
£
229,470
136
229,606
229,606
228,119
961
943
6,200
236,223
(6,617)
-
(6,617)
(6,617)		 2021
£
236,645
136
236,781
236,781
193,333
1,094
793
6,208
201,428
35,353
-
35,353
35,353

All activities derive from continuing operations

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 16 to 29 form an integral part of these accounts.

13

Glossopdale Furniture Project - Balance Sheet as at 31 March 2022

Note
SORP
Ref
2022
2021
£
£
Fixed assets
A
Tangible assets
11
A2
195,106
169,612
Current assets
B
Debtors
12
B2
13,955
13,230
Cash at bank and in hand
B4
57,627
74,803
Total current assets
71,582
88,033
Creditors: amounts falling due within
one year
13
C1
(25,857)
(6,073)
Net current assets
45,725
81,960
240,831
251,572
Creditors: amounts falling due after more
than one year
14
C2
(86,117)
(90,241)
The total net assets of the charity
154,714
161,331
Restricted funds
Restricted Revenue Funds
17
D2
-
9,937
Restricted Fixed Asset Funds
17
D2
9,937
-
9,937
9,937
Unrestricted Funds
Unrestricted Revenue Funds
17
D3
143,778
150,194
143,778
150,194
Designated Funds
Designated Fixed Asset Funds
17
D3
999
1,200
Total charity funds
154,714
161,331
The total net assets of the charity are funded by the funds of the charity, as follows:-
Net assets		 Note
SORP
Ref
2022
2021
£
£
Fixed assets
A
Tangible assets
11
A2
195,106
169,612
Current assets
B
Debtors
12
B2
13,955
13,230
Cash at bank and in hand
B4
57,627
74,803
Total current assets
71,582
88,033
Creditors: amounts falling due within
one year
13
C1
(25,857)
(6,073)
Net current assets
45,725
81,960
240,831
251,572
Creditors: amounts falling due after more
than one year
14
C2
(86,117)
(90,241)
The total net assets of the charity
154,714
161,331
Restricted funds
Restricted Revenue Funds
17
D2
-
9,937
Restricted Fixed Asset Funds
17
D2
9,937
-
9,937
9,937
Unrestricted Funds
Unrestricted Revenue Funds
17
D3
143,778
150,194
143,778
150,194
Designated Funds
Designated Fixed Asset Funds
17
D3
999
1,200
Total charity funds
154,714
161,331
The total net assets of the charity are funded by the funds of the charity, as follows:-
Net assets		 Note
SORP
Ref
2022
2021
£
£
Fixed assets
A
Tangible assets
11
A2
195,106
169,612
Current assets
B
Debtors
12
B2
13,955
13,230
Cash at bank and in hand
B4
57,627
74,803
Total current assets
71,582
88,033
Creditors: amounts falling due within
one year
13
C1
(25,857)
(6,073)
Net current assets
45,725
81,960
240,831
251,572
Creditors: amounts falling due after more
than one year
14
C2
(86,117)
(90,241)
The total net assets of the charity
154,714
161,331
Restricted funds
Restricted Revenue Funds
17
D2
-
9,937
Restricted Fixed Asset Funds
17
D2
9,937
-
9,937
9,937
Unrestricted Funds
Unrestricted Revenue Funds
17
D3
143,778
150,194
143,778
150,194
Designated Funds
Designated Fixed Asset Funds
17
D3
999
1,200
Total charity funds
154,714
161,331
The total net assets of the charity are funded by the funds of the charity, as follows:-
Net assets
251,572
(90,241)
161,331
9,937
150,194
1,200
150,194
161,331

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..

14

Glossopdale Furniture Project - Balance Sheet as at 31 March 2022

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.

The members have 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 9.

The 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.

J Lee

Trustee

Approved by the board of trustees on 23 November 2022

The notes attached on pages 16 to 29 form an integral part of these accounts.

15

Glossopdale Furniture Project

Notes to the Accounts for the year ended 31 March 2022

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 October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (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 October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (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.

Going Concern

The charitable activities are dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, a going concern basis is dependent on the future flow of these funding streams. Accordingly, and, after reviewing the financial forecasts for the next 12 months, the Trustees are aware that, at the time of approving the financial statements, there is material uncertainty (ref : DCC Grant Funding) about the charity's ability to continue as a going concern although it is to adopt the going concern basis in preparing the financial statements.

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.

16

Glossopdale Furniture Project

Notes to the Accounts for the year ended 31 March 2022

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.

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 over their estimated useful lives.

Portacabin 15 % straight line
Polytunnel 10 % straight line
Plant and equipment 25 % straight line
Motor vehicles 25 % straight line

Accounting for capital grants and fixed asset funds.

Whether acquired with unrestricted or restricted funds, the asset acquired is initially shown in the balance sheet at the full cost of acquisition or subsequent revaluation.

As the related assets are depreciated, in accordance with the depreciation policy, in order to reflect the dimunition in the asset, a transfer is made from the relevant fixed asset funds to either unrestricted or restricted revenue funds, as appropriate to the terms of the original grant, if any

17

Glossopdale Furniture Project

Notes to the Accounts for the year ended 31 March 2022

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.

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.

There are no endowment funds.

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

The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets
Pension costs
6
Interest payable
Loan interest		 2022
£
961
9,961		 2021
£
1,094
8,868
2022
£
6,200		 2021
£
6,208

18

Glossopdale Furniture Project

Notes to the Accounts for the year ended 31 March 2022

7 Staff costs and emoluments

Salary costs
Gross Salaries excluding trustees and key management personnel
Employer's contribution to defined benefit pension schemes
Total salaries, wages and related costs
The average number of part time staff employed in the year was
The average number of full time staff employed in the year was
The estimated full time equivalent number of all staff employed in the year was		 2022
£
154,853
9,961		 2021
£
137,420
8,868
164,814 146,290
2
7
8		 1
8
8

All employees were engaged in charitable activities

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 Deferred income - Unrestricted and Designated funds

Current Year
Total
These deferrals are included in creditors
Derbyshire County Council		 Received
less released
in year
£
8,033		 Deferred
at year end
£
8,033
8,033 8,033
2022
£
8,033		 2021
£
-

19

Glossopdale Furniture Project

Notes to the Accounts for the year ended 31 March 2022

11 Tangible fixed assets

Current Year
Cost
At 1 April 2021
Additions
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021
Prior Year
Cost
01 April 2020
31 March 2021
Depreciation
01 April 2020
Charge for the year
31 March 2021
Net book value
31 March 2021		 Land and
Buildings
£
198,420
25,786		 Plant &
Machinery
£
886
669		 Motor
Vehicles
£
29,862
-		 Total
£
229,168
26,455
224,206 1,555 29,862 255,623
28,813
958		 882
2		 29,861
1		 59,556
961
29,771 884 29,862 60,517
194,435 671 - 195,106
169,607 4 1 169,612
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

All assets are used for direct charitable purposes.

12 Debtors

Prepayments and accrued income Other debtors

2022
£
4,786
9,169		 2021
£
415
12,815
13,955 13,230

20

Glossopdale Furniture Project

Notes to the Accounts for the year ended 31 March 2022

13 Creditors: amounts falling due within one year

Notes to the Accounts for the year ended 31 March 2022
13 Creditors: amounts falling due within one year
Bank loans and overdrafts
Accruals
Deferred Income - Unrestricted & designated funds
PAYE, NIC VAT and other taxes
Other creditors
14 Creditors: amounts falling due after one year
Bank loans and overdrafts
15 Income and Expenditure account summary
At 1 April 2021
Surplus after tax for the year
At 31 March 2022		 2022
£
6,264
800
8,033
2,908
7,852		 2021
£
5,272
800
-
-
-
25,857 6,072
2022
£
86,117		 2021
£
90,241
2022
£
161,333
(6,617)		 2021
£
125,978
35,353
154,716 161,331

16 Particulars of how particular funds are represented by assets and liabilities

At 31 March 2022
Tangible Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities
At 1 April 2021
Tangible Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities		 Unrestricted
funds
£
184,170
71,582
(25,857)
(86,117)		 Designated
funds
£
999
-
-		 Restricted
funds
£
9,937
-
-
-		 Total
Funds
£
195,106
71,582
(25,857)
(86,117)
143,778 999 9,937 154,714
Unrestricted
funds
£
158,475
88,033
(6,073)
(90,241)		 Designated
funds
£
1,200
-
-
-		 Restricted
funds
£
9,937
-
-
-		 Total
Funds
£
169,612
88,033
(6,073)
(90,241)
150,194 1,200 9,937 161,331

21

Glossopdale Furniture Project

Notes to the Accounts for the year ended 31 March 2022

17 Change in total funds over the year as shown in Note 16 , analysed by individual funds

Funds brought
forward from
2021
Movement in
funds in 2022
See Note 18
£
£
Unrestricted and designated funds:-
Unrestricted Revenue Funds
150,194
(6,617)
Designated Fixed Asset Funds
1,200
-
Total unrestricted and designated funds
151,394
(6,617)
Restricted funds:-
Restricted Fixed Asset Funds
-
-
National Lottery
9,937
-
Total restricted funds
9,937
-
Total charity funds
161,331
(6,617)
18 Analysis of movements in funds over the year as shown in Note 17
Income
Expenditure
2022
2022
£
£
Unrestricted and designated funds:-
Unrestricted Revenue Funds
196,473
(203,090)
Restricted funds:-
Derbyshire County Council
33,133
(33,133)
229,606
(236,223)
19
Details of transfers between funds in
To/(from) Designated Fixed Asset Funds
To/(from) Restricted Fixed Asset Funds
To/(from) Restricted Revenue Funds
Net transfers
To/(from) Unrestricted Revenue Funds in accordance with the accounting policy 'Accounting
grants and fixed asset funds'.
The transfers shown in note 17 above are:-		 Funds brought
forward from
2021
£
150,194
1,200		 Movement in
funds in 2022
See Note 18
£
(6,617)
-		 See Note 19
£
201
(201)
Transfers
between
funds in
2022		 Funds carried
forward to
2023
£
143,778
999
151,394 (6,617) - 144,777
-
9,937		 -
-		 9,937
(9,937)		 9,937
-
9,937 - - 9,937
161,331 (6,617) - 154,714
Other
Gains &
Losses
2022
£
-
-		 Movement
in funds
2022
£
(6,617)
-
229,606 (236,223) - (6,617)
for capital 2022
£
201
(201)
9,937
(9,937)
-

22

Glossopdale Furniture Project

Notes to the Accounts for the year ended 31 March 2022

20 The purposes for which the funds as

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.

Designated Fixed Asset Funds

The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'.

Restricted funds:-

The purpose of these funds is described under the accounting policy Restricted Fixed Asset Funds 'Accounting for capital grants and fixed asset funds'. This fund represents the restricted surplus arising on the revaluation of the Restricted Revaluation Reserve charity's assets.

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.

23

Glossopdale Furniture Project

Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

22 Donations, Grants and Legacies

Donations and gifts from individuals
Total Donations, Grants and Legacies
Total Donations, Grants and
Legacies
A1
Small donations individually less than £1000
Total donations and gifts from individuals
Total public sector revenue grants
Hobson Charity
Revenue grants and donations from non
public bodies
Arnold Clark
Total private sector revenue grants
Wakeham Trust
Foundation Derbyshire
Derbyshire County Council
High Peak Borough Council (Furniture
k )
National Lottery
HMRC Coronavirus Job Retention Scheme
MCLS J Wharmby
High Peak Borough Council (Support
t (C
id)
Revenue grants from government and
public bodies
Gift Aid claimed
Anonymous donation		 Current year
Unrestricted
Funds
2022
£
1,615
564
1,000		 Current year
Restricted
Funds
2022
£
-
-
-
-
Current year
Restricted
Funds
2022
£
32,133
1,000
-
-
-
-
33,133
Current year
Restricted
Funds
2022
£
-
-
-
-
-		 Current year
Total Funds
2022
£
1,615
564
1,000
3,179
Current year
Total Funds
2022
£
32,133
1,000
12,288
-
-
-
45,421
Current year
Total Funds
2022
£
1,000
-
-
-
1,000		 Prior Year
Total Funds
2021
£
480
1,512
1,000
3,179 2,992
Current year
Unrestricted
Funds
2022
£
-
-
12,288
-
-
-		 Prior Year
Total Funds
2021
£
32,133
1,000
48,501
33,030
9,936
1,300
12,288 125,900
Current year
Unrestricted
Funds
2022
£
1,000
-
-
-		 Prior Year
Total Funds
2021
£
-
10,000
2,000
2,000
1,000 14,000
16,467 33,133 49,600 142,892

24

Glossopdale Furniture Project

Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015

23 Income from charitable activities - Trading Activities

Current year
Primary purpose and ancillary trading
24
Current year
Total income from charitable trading
Total from charitable activities
A2
25 Investment income
Bank Interest Receivable
Total investment income
A4
Value of goods provided to beneficiaries
Sale of goods - George Street
Total Primary purpose and ancillary
trading
Sale of goods - Pikes Lane
DCC recycling credits
Total Income from charitable activities		 Current year
Unrestricted
Funds
2022
£
98,871
45,217
7,333
28,449		 Current year
Restricted
Funds
2022
£
-
-
-
-
-
Current year
Restricted
Funds
2022
£
-
-
Current year
Restricted
Funds
2022
£
-
-		 Current year
Total Funds
2022
£
98,871
45,217
7,333
28,449
179,870
Current year
Total Funds
2022
£
179,870
179,870
Current year
Total Funds
2022
£
136
136		 Prior Year
Total funds
2021
£
53,054
19,901
3,449
17,349
179,870 93,753
Current year
Unrestricted
Funds
2022
£
179,870		 Prior Year
Total Funds
2021
£
93,753
179,870 93,753
Current year
Unrestricted
Funds
2022
£
136		 Prior Year
Total Funds
2021
£
136
136 136

26 Expenditure on charitable activities - Charitable trading

Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Current Year Funds Funds
2022 2022 2022 2021
£ £ £ £

25

Glossopdale Furniture Project

Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015

Total charitable trading costs
B2b
27
Current Year
Volunteer costs
Premises Expenses
Administrative overheads
Financial costs
Support costs before reallocation
Total support costs - Current Year
Bank charges
Rates and water charges
Stationery and printing
Cleaning and waste management
Rent
Property insurance
Light heat and power
Premises repairs, renewals and
maintenance
Payroll fees and charges
Gross wages and salaries
Defined benefit pension costs
Motor expenses
HR Consultancy
Training and travel expenses
Staff welfare & hygiene costs
Support costs for charitable activities
Telephone, fax and internet
Software and computer expenses
Membership subscriptions
Advertising and marketing
Volunteers' expenses
Loan interest
Starter packs purchased
Sundry expenses
Workshop materials
Depreciation & Amortisation in total for
Value of goods provided to		 150,696
9,961
423
110
7,413
360
2,425		 4,157
-
-
-
-
-
-
4,157
Current year
Restricted
Funds
2022
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
527
28,449
-
-
-
28,976
28,976		 154,853
9,961
423
110
7,413
360
2,425		 137,418
8,868
2,510
218
3,710
360
4,464
171,388 175,545 157,550
Current year
Unrestricted
Funds
2022
£
1,140
3,700
3,326
1,334
399
2,368
3,548
1,816
137
1,360
472
952
259
1,492
-
-
1,295
6,200
961		 Current year
Total Funds
2022
£
1,140
3,700
3,326
1,334
399
2,368
3,548
1,816
137
1,360
472
952
259
1,492
527
28,449
1,295
6,200
961		 Prior Year
Total Funds
2021
£
423
3,700
922
757
223
1,042
3,454
2,422
166
1,200
591
-
37
414
2,418
17,349
665
6,208
1,094
30,759 59,735
59,735		 43,085
30,759 43,085
-

26

Glossopdale Furniture Project

Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015

The basis of allocation of costs between activities is described under accounting policies
28 Other Expenditure - Governance costs
Current year
Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
Total Funds
2022
2022
2022
£
£
£
Independent Examiner's fees
943
-
943
Total Governance costs
943
-
943
29 Total Charitable expenditure
Current year
Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
Total Funds
2022
2022
2022
£
£
£
Total charitable trading costs
B2b
171,388
4,157
175,545
Total support costs
B2d
30,759
28,976
59,735
Total Governance costs
B2e
943
-
943
Total charitable expenditure
B2
203,090
33,133
236,223
Prior Year
Prior Year
Prior Year
Prior Year
Unrestricted
Funds
Restricted
Funds
Total Funds
2021
2021
2021
£
£
£
Total charitable trading costs
B2b
124,174
32,941
157,550
Total support costs
B2d
23,751
19,767
43,085
Total Governance costs
B2e
793
-
793
Total charitable expenditure
B2
148,718
52,708
201,428		 The basis of allocation of costs between activities is described under accounting policies
28 Other Expenditure - Governance costs
Current year
Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
Total Funds
2022
2022
2022
£
£
£
Independent Examiner's fees
943
-
943
Total Governance costs
943
-
943
29 Total Charitable expenditure
Current year
Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
Total Funds
2022
2022
2022
£
£
£
Total charitable trading costs
B2b
171,388
4,157
175,545
Total support costs
B2d
30,759
28,976
59,735
Total Governance costs
B2e
943
-
943
Total charitable expenditure
B2
203,090
33,133
236,223
Prior Year
Prior Year
Prior Year
Prior Year
Unrestricted
Funds
Restricted
Funds
Total Funds
2021
2021
2021
£
£
£
Total charitable trading costs
B2b
124,174
32,941
157,550
Total support costs
B2d
23,751
19,767
43,085
Total Governance costs
B2e
793
-
793
Total charitable expenditure
B2
148,718
52,708
201,428		 The basis of allocation of costs between activities is described under accounting policies
28 Other Expenditure - Governance costs
Current year
Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
Total Funds
2022
2022
2022
£
£
£
Independent Examiner's fees
943
-
943
Total Governance costs
943
-
943
29 Total Charitable expenditure
Current year
Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
Total Funds
2022
2022
2022
£
£
£
Total charitable trading costs
B2b
171,388
4,157
175,545
Total support costs
B2d
30,759
28,976
59,735
Total Governance costs
B2e
943
-
943
Total charitable expenditure
B2
203,090
33,133
236,223
Prior Year
Prior Year
Prior Year
Prior Year
Unrestricted
Funds
Restricted
Funds
Total Funds
2021
2021
2021
£
£
£
Total charitable trading costs
B2b
124,174
32,941
157,550
Total support costs
B2d
23,751
19,767
43,085
Total Governance costs
B2e
793
-
793
Total charitable expenditure
B2
148,718
52,708
201,428		 The basis of allocation of costs between activities is described under accounting policies
28 Other Expenditure - Governance costs
Current year
Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
Total Funds
2022
2022
2022
£
£
£
Independent Examiner's fees
943
-
943
Total Governance costs
943
-
943
29 Total Charitable expenditure
Current year
Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
Total Funds
2022
2022
2022
£
£
£
Total charitable trading costs
B2b
171,388
4,157
175,545
Total support costs
B2d
30,759
28,976
59,735
Total Governance costs
B2e
943
-
943
Total charitable expenditure
B2
203,090
33,133
236,223
Prior Year
Prior Year
Prior Year
Prior Year
Unrestricted
Funds
Restricted
Funds
Total Funds
2021
2021
2021
£
£
£
Total charitable trading costs
B2b
124,174
32,941
157,550
Total support costs
B2d
23,751
19,767
43,085
Total Governance costs
B2e
793
-
793
Total charitable expenditure
B2
148,718
52,708
201,428		 -
-
Prior Year
Total Funds
2021
£
793
943 793
Current year
Unrestricted
Funds
2022
£
171,388
30,759
943		 Prior Year
Total Funds
2021
£
157,550
43,085
793
203,090 201,428
Prior Year
Unrestricted
Funds
2021
£
124,174
23,751
793
148,718 52,708 201,428

27

Glossopdale Furniture Project

30 Statement of Financial Activities by location

Total
2022
£
Income
Furniture sales - Pikes Lane Street
98,871
Furniture sales - George Street
45,217
Value of goods donated to beneficiarie
28,449
DCC Recycling credits
7,333
Bank Interest
136
HMRC Gift Aid refunds
564
Donations & grants:
DCC Grant
32,133
HPBC Grant (Furniture packs)
1,000
HPBC (Covid support)
-
Foundation Derbyshire
-
HMRC JRS grant
12,288
National Lottery
-
Hobson Charity
-
Wakeham Trust
-
MCLS Wharmby
-
Arnold Clark
1,000
Donations
2,615
229,606
Administrative expenses
Employee costs:
Wages and salaries
154,853
Pensions
9,961
HR services
2,425
Payroll administration fees
360
Staff training, welfare and travel
533
Motor expenses
7,413
175,545
Premises costs:
Rent
3,700
Rates and water
3,326
Light and heat
1,334
Insurance
3,548
Cleaning
399
12,307
General administrative expenses:
Telephone and fax
1,816
Stationery and printing
609
Volunteer expenses
1,140
Payment processing charges
1,295
Subscriptions
1,360
Starter packs purchased
527
Value of goods donated to beneficiar
28,449
Workshop costs
1,492
Repairs and maintenance
2,368
Depreciation
961
Sundry expenses
259
40,276		 Pikes Lane
2022
£
98,871
28,449
5,500
136
423
-
32,133
1,000
-
-
7,899
-
-
-
-
1,000
2,615
178,026
121,161
7,971
2,099
360
421
6,301
138,313
3,700
1,783
-
2,884
399
8,766
1,374
477
1,140
1,114
1,360
527
28,449
1,492
2,156
961
246
39,296		 George St
2022
£
45,217
-
1,833
-
141
-
-
-
-
4,389
-
-
-
-
-
-
51,580
33,692
1,990
326
-
112
1,112
37,232
-
1,543
1,334
664
-
3,541
442
132
-
181
-
-
-
-
212
-
13
980		 Total
2021
£
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
236,782
137,418
8,868
4,464
360
2,295
3,711
157,116
3,700
922
757
3,454
223
9,056
2,422
757
423
663
1,200
2,418
17,349
414
1,042
1,094
39
27,821

28

Legal and professional costs:
Accountancy fees
Advertising and PR
Finance costs
Loan Interest
Total costs
Surplus (Shortfall) for the financial y		 943
952
1,895
6,200
6,200
236,223
e
(6,617)		 943
476
1,419
-
-
187,794
(9,768)		 -
476
476
6,200
6,200
48,429
3,151		 793
433
1,226
6,208
6,208
201,427
35,356

29