GLOSSOPDALE FURNITURE PROJECT Registered Charity No:1118353
ANNUAL REPORT 2022 - 2023
SINCE 1997 GLOSSOPDALE FURNITURE PROJECT has been helping families and individuals who are referred from social services, housing charities, women’s refuges and many other local organisations who support those in need.
The charity continues to provide low or no cost emergency Home Essentials Packs to those who have been homeless and given a new tenancy where the property has few or none of the household items many of us take for granted.
As a charity, fundraising is on-going - because the need continues to be always there .
Relying on the donations of previously unwanted furniture and household items to maintain its stock, the Project reclaims, restores, refurbishes and upcycles furniture for sale.
A developing, dedicated specialist furniture restoration and painting workshop alongside an established joinery workshop repairing and building furniture are kept busy generating much needed income to support the charity. They not only help fund the charity’s work but give added benefit to the local environment by diverting over 100 tonnes annually of good, usable furniture, from the waste stream.
Its premises at Pikes Lane and George Street are open daily to the general public for the purchase of used, pre-loved, refurbished and upcycled furniture together with commission enquiries for its workshops all going towards funding the work of charity.
Glossopdale Furniture Project Ltd
Company limited by guarantee No: 5541653 l Registered Charity No: 1118353
Chair’s Report
This year has been one where the Project has continued to strive to recover from the effects of the restrictions caused by the covid pandemic.
I want to thank the staff, volunteers and Trustees all of whom have made fantastic contributions to the Project this year. In addition thanks are due to the generous help and sponsorship of the local and national groups and businesses whose names are listed in this Annual Report.
Firstly I must thank Paul Marsh our Project Manager who worked tirelessly through the covid period to ensure that the furniture delivery services we provide to those in need were able to continue throughout that time. Paul also steered us into the following months as the Charity picked up momentum and began to resume normal activities. His contribution to the work of the Project was invaluable. Paul took the decision to retire from his post in December 2022 but has continued to support us by producing our publicity leaflets and posters.
In December 2022, our Assistant Manager, Leigh Higginbottom, agreed to take on the post of Acting Manager which enabled the Charity to continue its work without interruption. Leigh had already demonstrated versatility and adaptability in his previous role and he has brought these qualities to his new post. I particularly want to thank him for his commitment to the Project and for taking on the additional work and responsibility involved.
Once again thanks are due to all our staff who have shown amazing generosity in the way they have been prepared to support the Project and one another by taking on different roles when needed,. This flexibility is particularly important during holidays or in the event of colleagues or their partners being affected by health issues.
Our growing band of volunteers continue to support the Project and the staff by generously giving their time and talents particularly in the carpentry workshop, furniture upcycling , PAT testing and helping on the van. They make a huge contribution to the success of the Project. Two of our supporters have also made regular donations of their high quality handmade toys and other items which have proved immensely popular.
The Board of Trustees have all given immense support to the Project in what has been a difficult year where the loss of major funding which had been in place for many years meant that new ways of sourcing grant income had to be found. A funding sub group was formed which has concentrated on this work and has already achieved several successful results. A special thanks is due to Joan Cook, who joined the sub group as a volunteer and has shared her years of invaluable expertise in fundraising with us.
Other members of the Board have concentrated on different issues. All of this has required additional meetings, correspondence and time given in addition to the regular monthly Board meetings. Thanks to this high level of commitment we continue to move forward with our plans for the future.
I also want to thank Julia Brunt who has taken on the role of Treasurer following the retirement of Jan Lee.
Thanks also to Garry Parvin who resigned from the Board in February 2023 due to work and family commitments.
Throughout the year we have continued to work closely with our many partner agencies to provide help to many people in need, particularly families with young children and people being rehomed in places often lacking the most basic items of furniture. We have also been able to offer good items for sale at affordable prices to the general public thus fulfilling our aims to prevent such items going to landfill. Thanks to our staff and volunteers, commissions from our carpentry and upcycling workshops have provided additional income and helped to promote the work of the Project at Pikes Lane, our George St shop and online.
I believe the year ahead will be challenging but I also believe that we will continue to work together to continue to try to provide those who come to us for help with what they need to create a warm and comfortable place to call home.
Stella Quinn
Chair
Treasurer’s Report
There is no doubt that this has been a very challenging year for the Project, marked by significant staff changes, the termination of long-standing core funding and our continued recovery from the disruption caused by Covid. Nevertheless we are delighted to report an operating surplus for the year of £15,485, marking a turnaround of the operating loss of £6617 reported in 2021-22. This is a reflection of the incredible commitment and hard work of the Project’s staff, volunteers, Board and the community of the High Peak.
In 2022-23 the total funds of the charity increased from £154,714 to £170,200, due to the surplus generated. This was achieved by both increasing income and controlling expenditure and will be reinvested in the Charity.
The need for the Project is ever growing and this year we provided 150 furniture packs to families and individuals in need who had been referred to us.
We continue to operate from our two sites in Glossop: the warehouse at Pikes Lane and the shop in George Street. In total we achieved sales of £180,525 during the year (an impressive 25% increase over 2021-22). We thank all those local people who generously donated furniture and are especially grateful to those that could GiftAid their donations which raised a further £1609 for the Project. This income not only supports our charitable activities but also, this year, saved 124,160 tonnes of furniture from landfill.
In addition to income generated by sales, the project received donations, grants and income from fundraising activities to the value of £76,149. In particular this year we would like to thank the P3 charity, Rotary Club, Tesco, the Mary Ellen Allen Trust, Derbyshire County Council, High Peak Borough Council and all those local individuals and groups who, despite the cost of living crisis, donated so generously to the project.
Whilst total income increased by £27,068 over 2021-22, costs were controlled, and despite multiple inflationary pressures, expenditure was contained to an increase of £14,999. Thanks are due here to all staff but in particular our Acting Manager who ensured a close eye was kept on this.
At 31 March 2023 the Project held reserves of £32,221 in our current account and £27,519 in an interest bearing account. This is in line with our reserves policy which states we should keep no less than £50,000 in reserve. This amount has been calculated to ensure a responsible closure is possible, should this be necessary. Due to increased costs this amount will be reviewed in 2023-24.
I am pleased to report that the Project is in a much better financial position at the end of this financial year than the previous one. We know there are many challenges ahead not least sustaining our income in a very difficult economic climate, the impending need to replace our van – so essential to our operations – and the need to resolve on-going issues with the Pikes Lane site with Derbyshire County Council. A further challenge is the everincreasing salary bill, the single biggest expense to the charity. A review of operational efficiency will be carried out in 2023-24 as we work towards a sustainable future.
In summary the Project exceeded financial expectations this year and, whilst not glossing over the very significant upcoming challenges, the Board and Trustees have much greater confidence of the Project’s sustainability and ability to deliver a much-needed service in the High Peak.
I would like to thank Jan Lee for her continued support during the year as the Treasurer’s role has been handed over and also our accountant Martin Galvin who prepared these accounts and supported us through the year.
Julia Brunt
Treasurer
Acting Manager’s Report
First and foremost, I wish to express my gratitude to Paul Marsh for his exceptional commitment and accomplishments within the Project since the beginning of 2019 until his recent, well-earned retirement. His leadership and determination to succeed, particularly during the covid lockdown and the challenges this presented, is a testimony to Paul’s level of service to the High Peak community.
I would also like to thank Joan Cook, who ably and successfully managed and developed the Project from its initial set up in 1997 before handing over the baton to Paul. Joan recently returned as a volunteer to help raise funds for the charity during these uncertain times. As I assume the role of Acting Manager, succeeding both Joan and Paul, I now have the opportunity to build upon their substantial achievements and drive forward this much needed charity into a new era of impact and growth.
My personal connection with the Furniture Project dates back to 2011 when I started as a volunteer. A year later, I embraced the role of Furniture Restorer and Warehouse Operative. Over the course of the last decade, I have witnessed the transformative effects of the Project; this served to compound my belief in its core aims and objectives. Now, in my capacity as Acting Manager, I am resolute in my commitment to guide the project toward sustained success.
December brought about a steep learning curve as I familiarised myself with the responsibilities of Acting Manager. In this transitional period, the unwavering support and encouragement from members of the board, staff, and volunteers have been instrumental in keeping the Project moving forward and in securing its financial stability. Their commitment fuels my optimism as we work together to navigate the Project’s future viability and growth.
The unfortunate reality of funding cuts at the onset of 2023 has presented a formidable challenge. This financial constraint shows that we need to raise awareness, attract a broader customer base, and strengthen our collaborative efforts with other agencies, organisations, networks, and charities to continue to successfully operate.
The overarching objective is to transition from grant dependency to self-sufficiency, a strategic shift that, while requiring time, is pivotal in light of the prevailing economic climate. Amidst financial uncertainty, our unwavering focus remains steadfastly on the charitable aims of the Project, ensuring the continued provision of essential household items to those in need. The surge in requests for assistance year on year demonstrates the vital role we play in the High Peak community.
I would like to offer my appreciation to the hardworking staff, volunteers, and board members I work alongside for their support to me personally. It is by working with a great team of like-minded people that I am confident that the Project will continue to support those in need, and we will be successful in fulfilling our present and future obligations to the community we support.
Leigh Higginbottom
Acting Manager
Company Registration Number 5541653
The Charity Registration Number is 1118353
Glossopdale Furniture Project Report and
Accounts
31 March 2023
Glossopdale Furniture Project
Report and accounts for the year ended 31 March 2023
Contents
| Page | ||
|---|---|---|
| Charity information | 1 | |
| Trustees' Annual Report | 1 | |
| Statement of directors' responsibilities | 5 | |
| Independent Accountant's Report | 7 | |
| Statement of Financial Activities | 9 | |
| Statement of Financial Activities - Prior Year statement | 10 | |
| Movements in funds | 11 | |
| Income and Expenditure account | 12 | |
| Summary of funds | 11 | |
| Balance sheet | 13 | |
| Notes to the accounts | 15 |
Trustees' Annual Report for the year ended 31 March 2023
The Trustees present their Report and Accounts for the year ended 31 March 2023, 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.glossopdalefurniture.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
S Quinn I Roberts
There were no changes of trustees during the year
At the Annual General Meeting J Lee retires as a trustee, but is eligible for reappointment.
All the trustees are also members of the charity.
Trustees' Annual Report for the year ended 31 March 2023
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.
It continues to provide, where possible, opportunities for volunteers of all ages and those wishing to benefit from work experience who are looking for 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.
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.
Trustees' Annual Report for the year ended 31 March 2023
The difference the Charity's peformance during the year has made to the beneficiaries
Over the year the Project collected 124,160 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 to those in need.
The call on the Project’s services continued to see a demand of its charitable service supplying a total of 150 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 for six days a week for the sale of goods. 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.
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.
Trustees' Annual Report for the year ended 31 March 2023
Administrative information
Bankers Accountants
HSBC, Great Underwood, Stockport, Cheshire SK1 1LH 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 2023
The financial position of the charity at 31 March 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Net income | 15,485 | (6,617) |
Unrestricted Revenue Funds available for the
Financial review of the position at the reporting date, 31 March 2023 .
Total income from the sale of furniture and reconditioned items was £180,525 (2022 £144,088). Income from other sources, donations, grants and fundraising was £76,149 (2022 £85,518). Operating expenses were £241,189 (2022 £226,223) and there was an operating surplus of £15,485 (2022 operating shortfall of £6,617)
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 £32,221 was maintained in the bank current account and £27,519 was invested in interest earning accounts.
Trustees' Annual Report for the year ended 31 March 2023
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 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;
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make judgements and estimates that are reasonable and prudent;
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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
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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.
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.
Glossopdale Furniture Project
Company Registration Number - 5541653
Trustees' Annual Report for the year ended 31 March 2023
Method of preparation of accounts - Small company provisions
The financial statements are set out on pages 9 to 28.
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 29 November 2023.
J Brunt Director and Trustee
6
Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 March 2023
I report to the Trustees on my examination of the financial statements of the charitable company on pages 9 to 28 for the year ended 31 March 2023 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 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
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 29 November 2023
8
Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 March 2023, as required by the Companies Act 2006)
| SORP Ref Current year Income & Endowments from: Donations & Legacies A1 9,630 Charitable activities A2 212,251 Investments A4 161 Total income A 222,042 Expenditure on: Charitable activities B2 208,056 Total expenditure B 208,056 Net income for the year 13,986 Transfers between funds C 1,071 Net income after transfers A-B-C 15,057 Net movement in funds 15,057 Reconciliation of funds:- E Total funds brought forward 144,777 Total funds carried forward 159,834 |
Current year 34,633 - - 34,633 33,133 33,133 1,500 (1,071) 429 429 9,937 10,366 |
Current year 44,262 212,251 161 256,674 241,189 241,189 15,485 - 15,485 15,485 154,714 170,199 |
Prior Year 49,600 179,870 136 |
|---|---|---|---|
| 229,606 | |||
| 236,223 | |||
| 236,223 | |||
| (6,617) - |
|||
| (6,617) | |||
| (6,617) 161,333 |
|||
| 154,716 |
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 28 form an integral part of these accounts.
Glossopdale Furniture Project - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP
| SORP Ref 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 Net movement in funds Reconciliation of funds:- E Total funds brought forward Total funds carried forward |
Prior Year Unrestricted Funds 2022 £ 84,043 89,957 136 174,136 148,868 148,868 25,268 25,268 25,268 151,394 176,662 |
Prior Year Restricted Funds 2022 £ 58,849 3,796 - 62,645 52,708 52,708 9,937 9,937 9,937 9,937 19,874 |
Prior Year Total Funds 2022 £ 49,600 179,870 136 229,606 236,223 236,223 (6,617) (6,617) (6,617) 161,333 |
|||
|---|---|---|---|---|---|---|
| 154,716 |
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 15 to 28 form an integral part of these accounts.
Movements in revenue and capital funds for the year ended 31 March 2023
Revenue accumulated funds
| Accumulated funds brought forward Recognised gains and losses before transfers (From)/To unrestricted revenue funds (From)/To Fixed Asset funds Closing revenue funds Fixed asset funds At 1 April Transfer to fixed asset fund Transfer from Fixed Asset fund At 31 March |
Unrestricted Funds 2023 £ 143,779 13,986 157,765 2,069 159,834 Designated Funds 2023 £ 998 - (998) - |
Restricted Funds 2023 £ - 1,500 1,500 (1,500) - Restricted Funds 2023 £ 9,937 1,500 (1,071) 10,366 |
Total Funds 2023 £ 143,779 15,486 159,265 2,069 161,334 Total Funds 2023 £ 10,935 1,500 (2,069) 10,366 |
Last year Total Funds 2022 £ 150,194 (6,617) |
|||
|---|---|---|---|---|---|---|---|
| 143,577 202 143,779 |
|||||||
| Last year Total Funds 2022 £ 11,137 (202) 10,935 |
|||||||
The purposes of the transfers to fixed asset funds are described in Note 19 to the accounts and under the accounting policy 'Accounting for capital grants and fixed asset funds'.
| Summary of funds Revenue accumulated funds Fixed asset funds Total funds |
Unrestricted and Designated funds 2023 £ 159,834 - 159,834 |
Restricted Funds 2023 £ - 10,366 10,366 |
Total Funds 2023 £ 159,834 10,366 170,200 |
Last Year Total Funds 2022 £ 143,779 10,935 |
|---|---|---|---|---|
| 154,714 |
The notes attached on pages 15 to 28 form an integral part of these accounts.
Glossopdale Furniture Project - Statement of Financial Activities for the year ended 31 March 2023
Glossopdale Furniture Project Income and Expenditure Account for the year ended 31 March 2023 as required by the Companies Act 2006
| Income Income from operations Investment income and interest 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 Net income before tax in the financial year Tax on surplus on ordinary activities Net income after tax in the financial year Retained surplus for the financial year All activities derive from continuing operations |
2023 £ 256,513 161 256,674 256,674 230,541 3,990 863 5,795 241,189 15,485 - 15,485 15,485 |
2022 £ 229,470 136 |
||
|---|---|---|---|---|
| 229,606 | ||||
| 229,606 | ||||
| 228,119 961 943 6,200 |
||||
| 236,223 | ||||
| (6,617) - |
||||
| (6,617) | ||||
| (6,617) | ||||
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 28 form an integral part of these accounts.
12
| SORP NoteRef 2023 £ Fixed assets A Tangible assets 10 A2 192,781 Current assets B Debtors 11 B2 11,360 13,955 Cash at bank and in hand B4 58,741 57,627 Total current assets 70,101 71,582 Creditors: amounts falling due within one year 12 C1 (12,952) (25,857) Net current assets 57,149 249,930 Net assets Creditors: amounts falling due after more than one year 13 C2 (79,730) The total net assets of the charity 170,200 The total net assets of the charity are funded by the funds of the charity, as follows:- Restricted funds Restricted Fixed Asset Funds 16 D2 10,366 9,937 10,366 Unrestricted Funds Unrestricted Revenue Funds 16 D3 159,834 143,779 159,834 Designated Funds Designated Fixed Asset Funds 16 D3 - Total charity funds 170,200 |
13,955 57,627 |
2022 £ 195,106 45,725 |
|---|---|---|
| 71,582 (25,857) |
||
| 240,831 (86,117) |
||
| 154,714 | ||
| 9,937 143,779 998 154,714 |
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.
Glossopdale Furniture Project - Balance Sheet as at 31 March 2023
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 8.
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 Brunt
Trustee
Approved by the board of trustees on 29 November 2023
The notes attached on pages 15 to 28 form an integral part of these accounts.
14
Glossopdale Furniture Project
Notes to the Accounts for the year ended 31 March 2023
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
Our 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. During the last 12 months our fundraising efforts and trading experience have exceeded our expectations and there are currently no material concerns about the ability of the charity to continue operations. However, the trustees are mindful of their responsibility to regularly monitor income streams to ensure levels are sufficient for the charity’s requirements
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.
15
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.
| New warehouse | 7 % 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
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 |
2023 2022 £ £ 3,990 961 6 , 78 9 9 , 96 1 |
|---|---|
| 2023 2022 £ £ 5,795 6,200 |
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 |
2023 £ 2022 £ 167,695 154,855 6,789 9,961 174,484 164,816 |
|---|---|
| 3 1 7 8 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 Tangible fixed assets
| Current Year Cost At 1 April 2022 Additions At 31 March 2023 Depreciation At 1 April 2022 Charge for the year At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 Prior Year Cost 01 April 2021 Additions 31 March 2022 Depreciation 01 April 2021 Charge for the year 31 March 2022 Net book value 31 March 2022 |
Land and Buildings Plant & Machinery Motor Vehicles Total £ £ £ £ 224,206 1,555 29,862 255,623 1,665 - - 1,665 |
|---|---|
| 225,871 1,555 29,862 257,288 |
|
| 29,771 884 29,862 60,517 3,572 418 - 3,990 |
|
| 33,343 1,302 29,862 64,507 |
|
| 192,528 253 - 192,781 |
|
| 194,435 671 - 195,106 |
|
| Land and Buildings Plant & Machinery Motor Vehicles Total £ £ £ £ 198,420 886 29,862 229,168 25,786 669 - 26,455 |
|
| 224,206 1,555 29,862 255,623 |
|
| 28,813 882 29,861 59,556 958 2 1 961 |
|
| 29,771 884 29,862 60,517 |
|
| 194,435 671 - 195,106 |
All assets are used for direct charitable purposes.
11 Debtors
Prepayments and accrued income Other debtors
| 2023 | 2022 |
|---|---|
| £ | £ |
| 3,516 | 4,786 |
| 7,844 | 9,169 |
| 11,360 | 13,955 |
| 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 Creditors: amounts falling due after one year Bank loans and overdrafts Income and Expenditure account summary At 1 April 2022 Surplus after tax for the year At 31 March 2023 |
2023 £ 2022 £ 6,075 6,264 800 800 - 8,033 2,721 2,908 3,356 7,852 |
|---|---|
| 12,952 25,857 |
|
| 2023 £ 79,730 2022 £ 86,117 2023 £ 2022 £ 154,714 161,331 15,485 (6,617) |
|
| 170,200 154,714 |
12 Creditors: amounts falling due within one year
13 Creditors: amounts falling due after one year
14 Income and Expenditure account summary
15 Particulars of how particular funds are represented by assets and liabilities
| At 31 March 2023 Tangible Fixed Assets Current Assets Current Liabilities Long Term Liabilities At 1 April 2022 Tangible Fixed Assets Current Assets Current Liabilities Long Term Liabilities |
Unrestricted Designated Restricted Total funds funds funds Funds £ £ £ £ 182,415 - 10,366 192,781 70,101 - 70,101 (12,952) - - (12,952) (79,730) - - (79,730) |
|---|---|
| 159,834 - 10,366 170,200 |
|
| Unrestricted Designated Restricted Total funds £ 184,171 funds funds £ £ 998 9,937 Funds £ 195,106 71,582 - - 71,582 (25,857) - - (25,857) (86,117) - - (86,117) |
|
| 143,779 998 9,937 154,714 |
16 Change in total funds over the year as shown in Note 15 , analysed by individual funds
| Unrestricted and designated funds:- Unrestricted Revenue Funds Designated Fixed Asset Funds Total unrestricted and designated funds Restricted funds:- Restricted Fixed Asset Funds Transfer in from Restricted Income Total restricted funds Total charity funds |
Funds brought forward from Movement in funds in 2023 Transfers between Funds carried forward to 2022 funds in 2024 2023 £ See Note 17 £ See Note 18 £ £ 143,779 13,986 2,069 159,834 998 - (998) - |
|---|---|
| 144,777 13,986 1,071 159,834 |
|
| 9,937 1,500 (1,071) - 10,366 - |
|
| 9,937 1,500 (1,071) 10,366 |
|
| 154,714 15,486 - 170,200 |
17 Analysis of movements in funds over the year as shown in Note 16
| Unrestricted and designated funds:- Unrestricted Revenue Funds Restricted funds:- Derbyshire County Council |
Income 2023 £ 222,042 34,663 256,675 |
Expenditure 2023 £ (208,056) (33,163) (241,189) |
Other Gains & Losses 2023 £ - - - |
Movement in funds 2023 £ 13,986 1,500 15,486 |
|---|---|---|---|---|
18 Details of transfers between funds in
| The transfers shown in note 16 above are:- To/(from) Unrestricted Revenue Funds in accordance with the accounting policy 'Accounting for capital grants and fixed asset funds'. To/(from) Designated Fixed Asset Funds Net transfers |
2023 £ 998 (998) |
|---|---|
| - |
Glossopdale Furniture Project
Notes to the Accounts for the year ended 31 March 2023
19 The purposes for which the funds as
These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.
Unrestricted and designated funds:- provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use. Unrestricted Revenue Funds The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'. Designated Fixed Asset Funds The purpose of these funds is described under the accounting policy Restricted funds:- 'Accounting for capital grants and fixed asset funds'. Restricted Fixed Asset Funds This fund represents the restricted surplus arising on the revaluation of the charity's assets. Restricted Revaluation Reserve -
20 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.
22
This analysis is classsified by conventional nominal descriptions and not by activity.
21 Donations, Grants and Legacies
| Donations, Grants and Legacies | ||||
|---|---|---|---|---|
| Donations and gifts from individuals Small donations individually less than £1000 Gift Aid claimed Anonymous donation Total donations and gifts from individuals Revenue grants from government and public bodies Derbyshire County Council High Peak Borough Council (Furniture HMRC Coronavirus Job Retention Scheme Total public sector revenue grants Revenue grants and donations from non public bodies Small grants individually less than £1000 P3 Charity Rotary Club Tesco Mary Ellen Trust Total private sector revenue grants |
Current year Unrestricted Funds 2023 £ 1,396 1,609 - 3,005 Current year Unrestricted Funds 2023 £ - 1,000 - 1,000 Current year Unrestricted Funds 2023 £ 375 2,500 2,000 - 750 5,625 |
Current year Restricted Funds 2023 £ - - - - Current year Restricted Funds 2023 £ 33,633 - - 33,633 Current year Restricted Funds 2023 £ - - - 1,000 - 1,000 |
Current year Total Funds 2023 £ 1,396 1,609 - 3,005 Current year Total Funds 2023 £ 33,633 1,000 - 34,633 Current year Total Funds 2023 £ 375 2,500 2,000 1,000 750 6,625 |
Prior Year Total Funds 2022 £ 1,615 564 1,000 |
| 3,179 | ||||
| Prior Year Total Funds 2022 £ 32,133 1,000 12,288 |
||||
| 45,421 | ||||
| Prior Year Total Funds 2022 £ - - - - 1,000 |
||||
| 1,000 |
Total Donations, Grants and Legacies Total Donations, Grants and
Legacies
A1
9,630
34,633
44,263 49,600
22 Income from charitable activities - Trading Activities
| Current year Primary purpose and ancillary trading Sale of goods - Pikes Lane Sale of goods - George Street DCC recycling credits Value of goods provided to beneficiaries Total Primary purpose and ancillary trading |
Current year Unrestricted Funds 2023 £ 139,894 40,631 7,815 23,911 212,251 |
Current year Current year Prior Year Restricted Funds Total Funds Total funds 2023 2023 2022 £ £ £ - 139,894 98,871 - 40,631 45,217 - 7,815 7,333 - 23,911 28,449 - 212,251 179,870 |
Current year Current year Prior Year Restricted Funds Total Funds Total funds 2023 2023 2022 £ £ £ - 139,894 98,871 - 40,631 45,217 - 7,815 7,333 - 23,911 28,449 - 212,251 179,870 |
|---|---|---|---|
| 179,870 |
23 Total Income from charitable activities
| Current year Total income from charitable trading Total from charitable activities A2 24 Investment income Bank Interest Receivable Total investment income A4 |
Current year Unrestricted Funds 2023 £ 212,251 212,251 |
Current year Current year Prior Year Restricted Funds Total Funds Total Funds 2023 2023 2022 £ £ £ - 212,251 179,870 - 212,251 179,870 Current year Current year Prior Year Restricted Funds Total Funds Total Funds 2023 2023 2022 £ £ £ - 161 136 - 161 136 |
|---|---|---|
| Current year Unrestricted Funds 2023 £ 161 161 |
Current year Restricted Funds 2023 £ - - |
25 Expenditure on charitable activities - Charitable trading
| Current Year Gross wages and salaries Defined benefit pension costs Staff welfare & hygiene costs Training and travel expenses Motor expenses Payroll fees and charges HR Consultancy Total charitable trading costs B2b |
Current year Unrestricted Funds 2023 £ 158,473 6,789 413 392 5,713 360 2,096 174,236 |
Current year Current year Prior Year Restricted Funds Total Funds Total Funds 2023 2023 2022 £ £ £ 9,222 167,695 154,853 - 6,789 9,961 - 413 423 - 392 110 - 5,713 7,413 - 360 360 - 2,096 2,425 9,222 183,458 175,545 |
Current year Current year Prior Year Restricted Funds Total Funds Total Funds 2023 2023 2022 £ £ £ 9,222 167,695 154,853 - 6,789 9,961 - 413 423 - 392 110 - 5,713 7,413 - 360 360 - 2,096 2,425 9,222 183,458 175,545 |
|---|---|---|---|
| 183,458 175,545 |
26 Support costs for charitable activities
| Current year | Current year | Current year | Prior Year | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |
| Current Year | Funds | Funds | ||
| 2023 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Volunteer costs | ||||
| Volunteers' expenses | 285 | - | 285 | 1,140 |
| Premises Expenses | ||||
| Rent | 3,700 | - | 3,700 | 3,700 |
| Rates and water charges | 3,096 | - | 3,096 | 3,326 |
| Light heat and power | 1,684 | - | 1,684 | 1,334 |
| Cleaning and waste management | 380 | - | 380 | 399 |
| Premises repairs, renewals and maintenance |
1,075 | - | 1,075 | 2,368 |
| Property insurance | 3,523 | - | 3,523 | 3,548 |
| Administrative overheads | ||||
| Telephone, fax and internet | 1,077 | - | 1,077 | 1,816 |
| Stationery and printing | 270 | - | 270 | 137 |
| Packing materials | 1,332 | - | 1,332 | - |
| Membership subscriptions | 1,320 | - | 1,320 | 1,360 |
| Software and computer expenses | 382 | - | 382 | 472 |
| Advertising and marketing | 700 | - | 700 | 952 |
| Sundry expenses | 325 | - | 325 | 259 |
| Workshop materials | 1,182 | - | 1,182 | 1,492 |
| Equipment,repairs,expenses and maintenance | 815 | - | 815 | - |
| Starter packs purchased | - | - | - | 527 |
| Value of goods provided to | - | 23,911 | 23,911 | 28,449 |
| Financial costs Bank charges 2,025 - Loan interest 5,795 - Depreciation & Amortisation in total for 3,990 - Support costs before reallocation 32,956 23,911 Total support costs - Current Year 32,956 23,911 The basis of allocation of costs between activities is described under accounting policies |
2,025 5,795 3,990 |
1,295 6,200 961 |
|---|---|---|
| 56,867 56,867 |
59,735 | |
| 59,735 | ||
| - - - |
27 Other Expenditure - Governance costs
| Current Year Independent Examiner's fees Total Governance costs 28 Total Charitable expenditure Current Year Total charitable trading costs B2b Total support costs B2d Total Governance costs B2e Total charitable expenditure B2 Prior Year Total charitable trading costs B2b Total support costs B2d Total Governance costs B2e Total charitable expenditure B2 |
Current year Unrestricted Funds 2023 £ 863 863 Current year Unrestricted Funds 2023 £ 174,236 32,957 863 208,056 Prior Year Unrestricted Funds 2022 £ 124,174 23,751 943 148,868 |
Current year Restricted Funds 2023 £ - - Current year Restricted Funds 2023 £ 9,222 23,911 - 33,133 Prior Year Restricted Funds 2022 £ 32,941 19,767 - |
Current year Total Funds 2023 £ 863 863 Current year Total Funds 2023 £ 183,458 56,867 863 241,188 Prior Year Total Funds 2022 £ 175,545 59,735 943 |
Prior Year Total Funds 2022 £ 943 |
|---|---|---|---|---|
| 943 | ||||
| Prior Year Total Funds 2022 £ 175,545 59,735 943 |
||||
| 236,223 | ||||
| 52,708 | 236,223 |
Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015
Glossopdale Furniture Project
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 DCC Grant (New warehouse) HPBC Grant (Furniture packs) P3 Charity Mary Ellen Trust Rotary Club Tesco General donations HMRC JRS grant Arnold Clark 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 2023 £ 139,895 40,630 23,911 7,815 161 1,608 32,133 1,500 1,000 2,500 750 2,000 1,000 1,771 - - - 256,674 167,695 6,789 2,096 360 805 5,713 183,458 3,700 3,096 1,684 3,523 380 12,383 1,078 652 285 2,025 1,320 - 23,911 3,329 1,075 3,990 325 37,990 |
Pikes Lane 2023 £ 139,895 23,911 5,982 161 1,608 - 32,133 1,500 1,000 2,500 750 2,000 1,000 1,771 - - - 214,211 145,919 5,904 1,824 310 693 4,856 159,506 3,700 1,553 350 2,733 380 8,716 636 520 285 1,570 1,320 - 23,911 3,329 863 3,990 312 36,736 |
George St 2023 £ 40,630 - 1,833 - - - - - - - - 42,463 21,776 885 272 50 112 857 23,952 - 1,543 1,334 790 - 3,667 442 132 - 455 - - - - 212 - 13 1,254 |
Total 2022 £ 98,871 45,217 28,449 7,333 136 564 32,133 1,000 - - 12,288 1,000 2,615 |
|---|---|---|---|---|
| 229,606 | ||||
| 154,853 9,961 2,425 360 533 7,413 |
||||
| 175,545 | ||||
| 3,700 3,326 1,334 3,548 399 |
||||
| 12,307 | ||||
| 1,816 609 1,140 1,295 1,360 527 28,449 1,492 2,368 961 259 |
||||
| 40,276 |
27
| Legal and professional costs: Accountancy fees Advertising and PR Finance costs Loan Interest Total costs Surplus (Shortfall) for the financial year |
863 700 1,563 5,795 5,795 241,189 15,485 |
863 350 1,213 - - 206,171 8,040 |
- 350 350 5,795 5,795 35,018 7,445 |
943 952 |
|---|---|---|---|---|
| 1,895 | ||||
| 6,200 | ||||
| 6,200 | ||||
| 236,223 | ||||
| (6,617) |
Board Members 2022 - 23
Stella Quinn Chair Ian Roberts Vice Chair Julia Brunt Treasurer (Appointed July 2022) Jane Cook Crossroads Derbyshire (Retired June 2022) Janet Lee Treasurer (Retired) Garry Parvin Local Resident Janice Crompton Local Resident Angela Dale Local Resident Barry Doyle Local Resident (Appointed May 2022) Sharon Saggerson Derbyshire County Council Social Services Cllr. Jean Wharmby Derbyshire County Council
Leigh Higginbottom Acting Manager
28
GLOSSOPALE FURNITURE PROJECT WOULD LIKE TO THANK ALL THOSE WHO HAVE GIVEN THEIR GENEROUS SUPPORT OVER THE PAST 26 YEARS
All Saints Parish Church, Glossop
The Bureau Barrettine P3 Charity Bingham Trust W.I
Cambridgeshire Community Reuse & Recycling Network (CCORRN) Clothworkers' Foundation
Co-operative Community Fund
Derbyshire County Council
Pico Lounge
Flair Rugs Garfield Weston Foundation Glossop Rotary Club High Peak Borough Council John Lewis
LDL Components Ltd
St Mary’s RC Church, Glossop
The National Lottery Community Fund / Awards For All Tesco Bags for Help Cllr. Jean Wharmby Wickes Glossop
Cllr Damien Greenhalgh Arthur Worsley Funeral Services Mary Ellen Allan Sewing Box Glossop
. . . and all those who have generously donated or given
anonymously, our loyal customers and volunteers.
29
GLOSSOPDALE
FURNITURE PROJECT
Pikes Lane, Glossop, Derbyshire SK13 8EH Telephone 01457 857505 Email mail@glossopdalefurniture.co.uk
Glossopdale Furniture Project Ltd l Company limited by guarantee No: 5541653 l Registered Charity No: 1118353
Supported by: Derbyshire County Council I High Peak Borough Council I Foundation Derbyshire The Hobson Charity I The Wakeham Trust I The National Lottery Community Fund Warehouse & Showroom: Pikes Lane, Glossop (01457 857505) I Shop: George Street, Glossop (01457 860738) Open: Monday - Friday 10.00 am - 4.00 pm / Saturday 10.30 am - 4.00 pm