REGISTERED COMPAhW NLThIIBER: 07250173 {EllE1#￿d and Wales) RECISTERED CHARtTY NUMBER: 113926S Report of the Trn$iees •tsd U#•udlied Fln•n¢l*l Stsfem¢￿ts for the Yexr Ended 31 March 2022 C8mbrldge Rtruse Day Accountants Chartered Accountants Quern House Mill Court Greai Shelford Cambridge CAtnbridg¢sblle CB22 5LD Cxmbrldge Re-Lse CoDtents of the Financial Statements for tht ve*r ended 31 2022 P*ge Rtport of the Trnstee5 Independent Ex8mlner's Report Stattrnent of Fin*ncial Artiwitl Balamee Sheet 7 to 8 Notes to the Fin*DtiAI Stattme))ts 9 to 15 De¢8lled Statement of Fln#Dtlal Aetlvidel 16 Cambridge Re-use Report of the Trnstees ftsr the i'e*r ended 31 March 2022 The trustees who are also directors of the clwity for the purp)ses of th¢ compa￿e5 Act 2006. present their repx)rt with the financial stsiements of the charity for ihe year ended 31 March 2022. The trustees have adopied the provisiong of Accounting and Reportin8 by Charities.. Stsremeni of Recommended P￿tIce appli¢able ¢0 charities preparing theiT accounts in accordance with the Financial ReptsJting Siathdard appli¢861¢ in th¢ UK and Republ]¢ of Ireland IFRS 1021 leffecrive l January 20191. STRUCTLRE, GOVERNANCE AND M￿NAGEMENT Governlng document The charity is controlled by its governing dow￿4 a de¢d of trusl and constitutes a limited company. lirnired by 8uardntce, a5 defincd by thc Cornpanies Affl 2CI)6. REFERENCE AND ADMINISTRATIVE DETAIIS Reglstered CompxtL)' number 07250173 I￿n￿lartd and Wales) Regl$tered Cbarliy number 1 139265 Reglst¢red offlce Unil H The Paddvks 347 Cheny Hinion Road Cambridge CBI 8DH Trustees R A Oswald J Williams G Cavander A Noyes J Giles C C Chrebelski Comp&ny Secretary Independent Ex*mirter Day Accountants Chanered Accountants Quern House Mill Court Great Sheiford Cambridge Cambridgeshire CB22 5LD Page I C#mbridge Re-use Report of the Trustee5 for the Tr'ear eDd¢d 31 Ilarch 2022 CHAIRMAN'S REVIEW OF THE YEAR A[￿U&l Report 2021-2022 Structure. Govertwice and Mana8emeDt The charitable company was fornied in 2010. takmg over the activiiies of C4tnbridge Sofa in April 2011. The Ori￿￿ of Cambridge Sofa as a charity was ill 1988. The nu￿Ing of the charity 15 overseert by the Trustee& with daY.1(￿Y operalions dcl¢gated to a Monag¢r and four other part-iime galATied staff. Trnsiee meetings are held at leasi Six times per year. The Tnjsiecs cndeavour 10 appoint n¢w trustee5 to retain a blend of ba¢k8rounds and business skills that will be of benefit to the charity. Objective atld Activities The obj¢crs of the charitable comparty are sei out in the Ani¢les of Association, namely: The relief of financial hardship among people living or workin8 in Cambridge and thc surrounding sres by providing such persons with furniturc 8nd otheT household items which they ¢ould not othenvise afford through lack of means. The promotion 8nd pre5ervatioTt of the environmeni for the publie benefit by the prornotioD of community Te-use a5 a positive alieTnaiive for unwanied household goods and a means of addressing social n&d. The promoiion of social I￿1￿$10M for the public benefi¢ by WOTking with people living in Cambridge and the surroundins areas who are socially and e¢onomically excluded (due to unemploymenL youth or old age. health problems, mental health issues or l¢amin8 difficulties) and thtough th¢ provi5i¢)n of meanin8ful voluttteering opportunities, assisi their peT50nAI develOpts￿￿t and their abiliLy io en8a8e with, and make a ￿5]lIve contribution lo, their local co]nrnunity. The charity operates from a leased warehouse in Cambrid8e where ¢ollecied Boods are stored, electrical good5 are tested for safety, 2nd CLLStomer5 can purchase 8(￿d$. li owns a vehicle for the colltttion of donations and Oelivery or purchas¢s. The Public Benefat The Trustee8 have had due rewd to the awiry COMM￿Sion'S 8uid8n¢e OD public F*nefit when sup¢rYi3Lns the charity's activities and p18TllJill8 fijttwe projects. With the relaxation of Covid restrictions at the stan of the r]nan¢ial year, li w&$ pleasiThg to w¢lcome io welcome more famtltes in need to the charity. A5 a result, 443 persons or families, equivalent to a lotsl of 870 beneficiaries, were register¢d as customer5 of Cambridge Re-us¢ durin8 the year. a]1 meeting th¢ criterioD of low income, either on benefits or on a low wug¢. This is an inerv&qe of 250/0 on tbe Previous year. About 700 iterns were ￿CeiVed, most being collected by the chan.lfs vebiclt. This tesulted in nearly 30 tonnes of goods diverted from landfill. lrt addition to the Trustees a total of 39 volunt¢ers sup￿1*￿ the charity during the year. with the aTrera8e nuTnber at any one tiTre being 21. The contribullors of ail of these voluDteet5 vital to the Yiabiiity of the charity. Financial Review Financial results also reflected the trading income which ¢knthled from the previojjs y*s level. Families in need accounted for most of thk5 increa5¢, but w¢ are a]$0 seeing increasing sa]es to the general public, who pay significantly higher pri¢es. We corttinue to moDiior the Tjumbets for the iwo sectors. to ellsure thai familie5 in need are the prim¢ beneficiaries of our actiTrity. Page 2 Cambridgt Re-Lse Report of the Trustees for the Year ended 31 M#reb 2022 Grant applications were contillued throughout the year with succe55. some of which was to support activities iu the 2022-2023 financial year. Whilst a long term goal of the rhaTity is tts be self-supp)rtin8, these grants are Cllrrently still vital to fIT￿nCIal Stability, aTLd we are gra*ful to all those who make gTants or donations. Th¢ bodie5 concerned are recognis¢d b¢low. Costs in th¢ y¢aT ros¢ by 14'h,' a significant part of this I￿￿¢aS¢ was th¢ ¢ffeci of PayiD8 reni or the high¢r rate. following th¢ rent review in June 2020. With th¢ improvement in trading income. the finBncial outcome for the year showed 8 surplus of just over £IO.O(Kb. This is T¢fl¢ct¢d in the increase in re5¢Tves Ca￿le￿ forward into 2022-2023. Ouilook for 2022.2023 The curren¢ economic condi¢ions preseftt various ¢h4llen8es. We know thai it is likely that more families will qualify as rnembeT5 who can benefit from our pricing policy. but thty will have limiigj disposable income after acconmnodation. food and heating ¢o$is. On the other hand m8ny more m¢mbers of the genernl public are realisin8 the environmental and rinancial benefits ofpurchasing second-hand goods. On ihe cost side. pftces for and eleetriciry have risen s*eply in the past year, rnore irtereases can be exM¢d in the coming months. Th¢ early part of th¢ financial y¢ar 2022-2023 has 5tsTr¢d well. but like every other business. we liv¢ in uncertain timesl Referral Agency Support We continue 10 be very 8r81eful ftirthe suppon of the many organisaDons thai ￿reT Clients to us, including.. Cambridgeshire Local Assistsnce Scheme (CLAS) and irs prner organi￿110 South Cambrid8e5hire District Council Cambridge Aid BPHA John Huniingdon Chariry Riverside ECHG Saffron Walden United Charities Winter¢omfoft Catnbridge Women's Aid Cambridge Cyr¢nians Grants 2nd Donations The charity has benefired from donation5 from many iDdivith]als attd orgatysaiioJJs duriD8 the year, including those below and some anonymous donors. Cambridge City Council, Homelessness Prevet)tion 8nd Community Grants South Cambridgeshire District CouDcii Cainbridg¢shir¢ Community Fund National Lottery Community Fund ARM (via Cambridgeshire Community FuDd) The Evelyn Trust Rotary Club ofcambridge Rutherford The Arnold Clark cOn￿UDIty Fund Alan B05well Group Page 3 Cambridge Re-use Report ofthe Trusttes for the )'ear t￿ded 31 March 2022 UK Govertllnent Job Support GraTLt Iflljal p8yIllent for fvdough Jyliefj Rrsrrves Policy Th¢ ¢rnste¢s continue io monitor T¢5¢TV¢S each month to C￿sure that the charity is pr¢)p¢rly preparcd to meet potential rinancial dernand5 as an otlgoing busiTJess. At the end of the financial y￿. unTE5trIct￿ r¢5crves S￿0d at £1 15.775. Updating the professional estirnate for the likely cost of dilapidauons on leaving the CUTreni premises. and maknDg allowance for the cost of replacing the curr¢yJt I l year-old van. the Tn￿le¢S assess that provisions should be made as below.. Dilapidation5 £64.350 Van replacement £45,(K)O Total £109,350 (The vatt figure quoied above refers io the pwchase of a diesel of the s￿The Sp￿Ific￿l0ll &% the pnsent one. Environmentally, an elec¢ri¢ van would be preferable, but this could cost up to £20,0(M) moT¢.) Should Ihe TTUStees ever lak¢ the decision to wind up the charity for any rtason. the dilapidarion sum would siill be payable, but noi the ¢osi of a repla¢ement van. However. 5thff iennination costs of f¢dUnd￿Ky and salary durin8 the notice period would bc payable. AS would rental costs during the noiice period. The total stLOWtL above leaves £6.000 of undesigllated reserves. the Tnwees will contittue to monitor th¢ ru¢rves level monthly to ensur¢ thai the Ch￿1￿ r¢m8in financially viable. Approved by order of th¢ bogTd of trustees on lo Ap.of*d14 . and signed on its b¢half by.. R A Oswald- Trustee Page 4 Independent knm]ner'$ Report to the Trustees of Cambridge Re-use Independent ¢x3min¢r's report to the irnstees ofcambridge Rtsu￿ Ctht Company.) I reportto the charity tryjstees on my exarllination of th¢ accowits of the Comp8ny for the y¢ar ended 31 Mareh 2022. RupoDslb1ll"ti￿ #nd basts of report A8 the ¢hariWs trustees of thc Company (aDd akn kts directors for the pU￿￿)Se5 of company law) you art tespDnsible for the prepar2tioll of th¢ &c¢oullts in A¢cord&nee with the requ1rertt￿ of the CompaDiES Act 2(K16 Cthe 2006 A¢VI. Having sarisfrd myself that the accoutrts of the Cornpany are not required ￿ be audited under Pan 16 of the 2006 Act and arc eligible for indep¢nd¢at ¢XaMiTJatio￿ I rwrt lit respect of my exatntnation of your ¢haritY$ accounts 85 carried out under section 14S of the Chariues A¢t 2011 Cthe 2011 Aci'l. In ¢aTrying oui my examination I hxve followed the Directions &ven by the Chan"ty Co)Jmissio# under ￿10￿ 145(5) (b) of the 2011 A¢L Independent ex*mlner's 5tnternent I have cornpleied my examinaiio)L I confirni that no mattets have eotne th my attention in connectiOD with the ¢xamination givin8 me cause to believe.. aCCOUDting r¢cords were not k¢p¢ in respec( of the Company as miuired by section 386 of the 2006 ACL or th¢ accounts do noi aceord with those recor&. or the accounts do noi comply with the accountit)g requIren￿ts of section 396 of the 2006 A¢t other tban requiremeni that the accounts Bive a tnje and fair view whith is not a rnatter considered as part of an independent exwnin#tion' or th¢ 4c¢ounts have noi been prepared in ￿t0[dance with the methods principles of the Statemeni of Re¢ommended Pr¥cti¢e for accountin8 and reponin8 by charities lapplieable io charities preparing their a¢¢ounts in accordance with th¢ Financial Reporrin8 Standard applicable in the UK aDd Republic of treland IFRS 102)). I have no concer0$ and hav¢ ¢om¢ Aeros8 no other rnatl¢rs in cOn￿lon with th¢ examination to wkn'¢h attention should be drawn in this rwrt in order to erthle a proper understandLD8 of the to be reached. Day Aecountants Day Aecountants Chartrred AccouDtartts Quern Houge Mill Court Cre4t Shclford Cambridge Cambridgeshire CB22 5LD Date-. Page 5 Cambrid%e Re-ust Statement of Financl41.4cti￿ties for the year ended 31 M9rch 2022 2022 Totsl fi]nds 2021 Total funds UT)r¢strict fi2Dd Resrrict futtds Notc5 INCOME AND EN'DOWMENTS FROM Donations and legacies 27,702 I2.￿)3 39,705 82,139 Other trading activilies Othcr incotne 95.766 1.179 95,766 1.179 48,496 27.013 Totsl 124.647 12,(M13 136.650 157.648 EXPENDITURE ON Raising fimd5 (Cost of Goods Sold) 6275 6,275 13,561 Charl¢able sctlsdtl¢s Cosi of gencTatin8 funds Chariiable a¢iivitie5 351 92.954 351 118.847 468 103.896 25,893 Total 99,580 25.893 125.473 117,925 N¢t 88insl{1055e$) ots irtvestsnents {831) {831) 928 NET IYCOMElffXPENDITURE) 24236 113.89)) 10,346 40,651 RECOIYCILIATIOIY OF FUNDS Total tsnds brought forward 91.537 23,019 114.556 73.905 TOTAL FUTr4DS CABJUED FORWARJ) 115.773 9.129 124,902 114.556 The fonn part of th¢se finan¢i2] ststements CambridEt Re-use Balxll¢e Sheet 31 Ilarch 2022 2022 Toial fijnds 2021 To￿[ funds Unrestric￿1 fund Kestricted fijnds Not FIXED ASSETS Tangible assets 1,054 1,054 1,405 CURRENT ASSETS Debior$ IDvesimentS Cash at bank and in hand 28.829 16.661 80,914 28.829 16.661 90.041 13,398 17,491 103,294 9.127 126.404 9,127 135.531 134,183 CREDITORS Amounts falling due within one year 10 (11.683) (11.683) {21,0321 NET CURRENT ASSETS 114.721 9.127 123.848 TOTAL ASSETS LESS CURRENT LIABILITIES 115,n5 9.127 I24,￿2 114.556 NET ASSETS 115.775 9,127 124.902 114,556 FUNDS Utlrestricted fvnds Restricted funds 115.775 9.127 91,537 23,019 TOTAL FUNDS 124.902 114,556 The Charitable ¢ompony is ¢ntitl¢d to exemption from audit uttder Section 477 of the Companies Acr 2006 for th¢ year ended 31 March 2022. The members have not required the company to obtsin 8D audtr of its fill￿181 ststements for tbe year ended 31 March 2022 in a¢¢ordance with Section 476 of the Companic5 Aci 21)06. The trustees acknowledge their re5wJnsibiliixe5 for (al ensurin8 that the charitable Company keeps a¢¢ow?tiD8 re￿rdS that cottlply with SecuoDS 386 and 387 of th¢ Companies Aci 2006 and preparing fllkn2ncial statements which givc a tnw hir view of the Sta￿ of affaus of the charitsble cotllp4ny &$ al the end of each firt&nci21 y¢ar and of its SUTplus or deficit for ea¢h fjnancial year in ac¢ordancc with the requirements of Scclion5 394 and 395 and which othe¢wise comply with the requirements of the Cotnpanies A¢1 2006 relating to financial ststemenrs, so far as applicable to the ¢b8ritable company. {bl Th¢ llotrs f¢)Tm part of these fll]ancial stat¢mell Cambrldge Revuse BalaDte Sheet- eotttilllled 31 Marcb 2022 These r]nancial ststements bave been prepared in aecotdaDce with the PrO￿510T15 appli¢Able to charitable companies subject to the Small ¢ompaoies ffgime. The financial statements were approved by the Board of Tn]stees and authorised for issue . Ind were Si￿1ed on its behalf by: on R A Oswald- TTUSt¢e The notrs forn) part Orth￿ financial statrlllents Cxmbtridge Re•Use Yotes to ibt Flnxnei#l Statements for the Tr'ear ended 31 March 2022 ACCOUNTING POLICIFS Ba$is ofpr¢p*ring the fiuau¢ixl $t*tements The finaDcial ststernents of the cbarirable CoMp￿y. which ts a public benefii entity unilcr FRS 102. have bren prcpar¢d irt a¢¢ordan¢¢ with th¢ Charities SORP IFRS 1021 'A¢couniing and Reporting by Charities.. Siatement of Recommended Practice applicable to ¢ban"ties preparing their accounrs it) accordance with the Financial ReportlDg Standard applicable in the UK snd Republic of Ireland IFRS 1021 leffcctive l January 20191,, Financial Reporting Siandard 102 Tr Financial Repx>rting Standard appli¢able in the UK alld Republic or Sreland, and the Companie5 Aci 21K)6. Th¢ f]nancial ststements have been prepared und¢r th¢ hisiorie81 cost convention. IntOTne All income is recognised in the Sts*meni of Fin8n¢io1 A¢tivities once the cllarity has eniiilemeni to the fun(ts. il is probable thai the income will ￿ receiytd and the amount can be measured reliably. Expendlture Liabilities ar¢ recognised as expendittLTe as soon as there 15 a le8al or constructive obligaiion committin8 the charity to that expenditure. li is probable thit • transfer of economic benefits will b¢ T¢quired in settlement &nd the amount of the obligation can be musured reliably. Expenditure is a￿OUnted for on an ac¢ruals basis and has been cl85$ifi¢d under h¢Adings that Agmie all eost reliied io the ￿tegOry. Where c0$15 cannot be directly attributcd to particular Imdings they hhve been ailo¢a*d io aciivities on a b￿LS consistent with the use of re50urce5. Tangible fixEd x$sets Depreciation is provided ai the following annual r81es in or(kr to wri￿ off ￿ch assd over its estinured usefvl life. Offjce cquiprnent Motor vehicles ISYO 011 Cost 25OA on ￿thIng b￿alle¢ Taxgtlon The charity is exempt from corporation on its chartthble athivities. Fund accounttng Unrestricted futL(Ls can be used iti accorda]￿¢ with the charitsble objectives at th¢ th.￿retion of the Itustees. Resiricled fimiLs can only be wed for particular TE5tricted purposes within the objects of the chwity. Restrictions arise when sperified by the donor oi when thnds are raised for pafficular restricted PUTP)5es. Further explanation of the nature a￿d putyos¢ of eath fimd is in¢luded LD thc notes ￿ the fina￿1￿1 staternents. OTHER TRADING AcrIvrrIES 2022 2021 Sales of furniture and other houschold goods 95.766 48,496 Page 9 ¢otttinued... C2mbridge Re-use Notes to the Finans Total funds brought forward 73.905 73.905 TOTAL FUP4DS CARRIED FORWARD 91.537 23,019 114.5S6 TANGIBLE FIXED ASSETS Offic¢ equipmeni Motor v¢tJicl¢s Totals COST At l April 2021 And 31 March 2022 .137 24.949 26,086 DEPRECIATION At l April 2021 Charge for year 1.137 23.544 351 24,681 351 At 31 March 2022 1,137 23.895 25,032 NET BOOK VALUE At 31 March 2022 1,054 1,054 Ar 31 March 2021 1,405 1,405 DEBTORS: AMOUNTS FALLING DUE WITHtN ONE YEAR 2022 2021 Trade debtors Grdnt Debiors VAT 9,312 10.684 208 8.625 6,506 89 6,803 Prepaym¢nts and aecnled incorne 28.829 13,398 Pagell coniinued... Cambridge Re-bse Note5 to the FinaDeial StatemeDts- eontiDMed for the ie4r ended 31 hfar¢h 2022 CURRENT ASSET INVESTMENTS 2022 2021 Unlisied investsnents 16.661 17.491 io. CREDITORS: AMOUNTS FALLif4G DUE WITHI% ONE YEAR 2022 2021 Trnde ¢reditors Accrued exF￿s 3,502 8.181 2,762 18,270 11.683 21,032 MOVEMENT IN FUNDS Net rnovement in fvnds Al 3113122 Ai 114121 Unrutrl¢¢¢d funds Gener&1 fund 91.537 24.238 115.775 Restrlcted fund$ CCF Cambridge City Community The British Humane Sociery NLCF Evelyn Tft￿l Alan Boswell Group 5,208 4.788 4,583 152081 14,7881 14,5831 18.4401 667 667 ,460 23.019 113,8921 9,127 TOTAL FUNDS 114.556 10.346 124,902 movement in funds. included in the above are as follows.. Irlcoming Resources resour￿$ exFDded Gains alld losses Movement in funds Unrestrl¢ted fmlldg General fund 124,647 {99.578) 24,238 Restricted funds CCF Catnbridge City Con]rnunity Th¢ BTitisb Hunwie So¢iety NLCF Evelyn Trust Alan Boswell Group (5208) 14.7881 14,5831 18,442) 11,3341 11.540) 15,2081 14,7881 14,5831 18,4401 667 8.460 2.(K>l 10.( l2.(K>3 (25.8951 113,8921 TOTAL FUTr4JS 136.650 (125.473) {831} 10.346 Page 52 ntinued... Cambridge Re•Us¢ Notes to ihe Flttatt¢l￿ SixtÈmÈttts- tontillued for the l'ear eDded 31 March 2022 MOVEMENf IN FUNDS- ¢ontlffjued Comp#rntlves for moyernent in fullds N¢t movemcnl in fut￿8 AL 3113121 At 114120 UDre5trltted funds General fund 73.905 17.632 91.537 Re¥tricted funds CCF Cambridge City Cornmunity Th¢ British Hunune Sociery NLCF 5,208 4.788 4,583 5,208 4,788 4,583 8,440 23.019 23,019 TOTAL FUNDS 73,905 40.651 114,556 Comparative movemeni in funds, included in the abov¢ ￿ as follow5: Incoming RvJOUTees Gains and Movement itt funds Uttreslrlcted fundi General fund 123.455 {IOA751) 928 17.632 R￿trIrt¢d funds CCF Cambridge City Community The British Humane Sociery NLCF 6224 (1,016) 13.212) 1417) 16,529) 5,208 4,788 4,583 8,440 14,969 34,193 (11,174) 23,019 TOTAL FUNDS 157,648 {117,925) 928 40,651 Page 13 continued... Cambrldge Re•Use Note5 to the FiD*nci#l St#temellts- cotttfttlltd for the l'ear eDded 31 March 2022 MOVEMENf IN FUNDS- ¢oDtinu¢d A Current year 12 TnoDth$ and prioryear 12 Tnonths combi*&l posjtiott isas follows.. Net tnovement in funds At 3113122 At I14r20 Unre$trl¢ted funds General fund 73,905 41.870 115.775 R¢stri¢t¢d fund$ Evelyn TTUSI Alan Boswell Group 667 667 8.460 9.127 9,127 TOTAL FUNDS 73.905 50.997 124,902 A curreni year 12 months and prior ye4r 12 month cornbined net movement in fund4 in¢lud¢d in the above hre a5 follows.. C*mbrldge Re-use Notes to the FinaDeial St*temtllts- ¢oDtiuu¢d for the v¢ar endtd 31 March 2022 12. RELATED PARTY DISCLOSURES There were no relat￿ party trdn5actions for the yearended 31 March 2022. Page 15