Cambridge Re-use
Charity No. 1139265
Company No. 07250173
Trustees. Report and Unaudited Accounts
31 March 2024

CambrldKe Rtruse
Contents
Pages
Trustees, Annual Rewrt
Independent Examiner's Report
Statement of Financial Activities
2to9
io
li
Sumfflary Income and Expenditure Account
12
Balance Sheet
13
Notes to the Accounts
14to22
Page I

Cambridge R&vUse
Trustees Annual Report
The trustee5, who are also dlrettor5 of the charlty for the purposes of the Companies Act 2006,
present their report with the unaudited financial statements of the charity for the year ended 31
March 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Conlpany No. 07250173
Charlty No. 1139265
Registered Offi
Unit H
The Paddocks
347 (herry Hinton Road
Cambridge
CBI 8DH
Dlrectors and Trustees
The Dirertors of the charitable company are its Trustees for the purposes of charity law.
The following Directors and Trustees served during the year:
G. Cavander
l.J. Mangles
A. Noyes
R.C. Perclval
V. Porteous
C. Putnam
T.D. Tannenbaum
J.G. Williams
Accountants
Day Accountants
Quern House
Mill Court
Carnbridge
CB22 5LD
The Trustees are responsible for keeping proper accounting records that disc105e with rea50nable accuracy at
any time thefinancial posrtion of the charity and to enable them to ensure thatthe financial Statements
compty with the Companie5 Act 21x16. The Trustees are also responsible for safeguarding the assets of the
charity and hence tsking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report ha5 been prepared in accordance with the provisions applicable to companie5 subject to
the small companles regime as set out in Part 15 of the Companies Act 2006 and In accordance wlth the
Charities SORP (FRS 1021.
signed on behalf of the board
Page 2

Cambridge Re•U5e
TNstees Annual Report
T.D. Tannenbaum
Chair
31 March 2024
Page 3

Structure, Governance and Management
The charitable company was fom)ed In 2010. taking over the activlties of Cambridge Sofa In Aprll 2011.
(Cambridge Sofa was established as a charfty In 19881. The running of the charity 15 overseen by the
Trustees, with day-to-day operations delegated to a manager and three other part-time salaried staff.
Trustee meetings are held at least slx tlmes per year. The Trustees endeavour to appoint new trustees
to retain a blend of backgrounds and business skills that will be of benefit to the charlty.
Objective and Activities
Cambridge Re-use is a registered charity. We offer low priced recycled furniture to everyone- but with
especialty low Inot-for-profitl prices for those on low incomes. benefits. pensions and grants.
The objectives of the charitable company are set out in the Articles of Association. namely..
To help people on low income5 or beneffts to buy furntture. whtte goods and other household
items that they may not otherwise be able to afford. The benefit5 of a comfijrtable home are
well documented: increased feeling5 of self-worth. increased optirni5rn. lowered stre55, less
depression and anxiety.
To enable everyone to buy and donate recycled furnlture and household good5 and 50 help u5
all save the planet and help those struggling financially. Purchases by and donation5 from the
8ener31 public enable us to provide signthcantly sub5idi5ed prices for those on benefit5 and low
Income and to divert good5 from landfill. helplng save the planet.
To provide volunteering opportunities that enable people to come together and work a5 a team
and be part of a community that spans all ages, lifestyles and life experiences- all helping
those in need and helping to save the planet.
We creats a humane, circular economy that1$ 8ood for the planet and leaves no one behlnd.
The charity operates from a leased warehouse in Cambrldge where collected goods are stored,
electrical goods are tested for safety, and customers can purchase goods. It owns a vehicle for the
collection of donations and delivery of purchases.
Review ofthe Year'23-'24
In summary, while we have delivered as much good work as in previous years both for those on low
income and the air we all breathe. our income was reduced substantially when compared to the
previousyear. This wa5 mainly due to the loss of the vitsl role of fundraiserfor 6 months of the year
and meant we had only £20.000 incoming funds in the year compared to the £84,CK)O in the previous
year and smaller but 5ti11 positive amDunts in many previous years. Many thanks to Colin (Chebrelskil
for all the funds he rased forthe charty. Note-. while the accounts reflectfunds corning in when thev
are ￿ceiVed in our bank account, It is often the case that we receive funds one year that are
intended to support our work in the following year-typically we will receive grants between October
and March forwork in thefollowing financial year beginning in April. 50, from another point of view,
the loss of income in '23-'24 is in frdct a1055 of workable fund5 for the year 24-25.
This Issue highlights the question, the subject of Trustee debate. a5 to the extent to which we allow our
budget to be dependent on charitable funds (mainly grants from counci15 and grant making Trusts.)
The previous years, grant income was £84K and sales income £102K. which is roughly 40% and 60%,
respectively, of total Income. The Trustees believe our fundlng income should be budgeted at 30% of
Page 4

budget m3ximum in order that we are not over-dependent on a source of income which can be very
variable {when major crisis occur and charitable giving goes to food and medical supplies, for example.)
Without this kind of fundlng we would not currently be viable.
We do now have another active fundralser and are seeing healthy levels of charitsble fundlng corning in
to help ourwork. But clearly. going forward, we need to try and addressthe gap between oursales
figures and our costs.
The Public Benefrt
The followingtable describes the households and people on low incomes that we helped during'23-24
and how that CDmpared with the previous year5. Note that'21-22 was one of the years very much
impacted by COVID and lockdowns- sub5eqiJent year5 le55 so but there is sttll a tail off from that
negative effect.
Due to the c05t-of-living crisis we know that several local agencie5 have had to prioritise assistance to
low-income hou5ehold5 to buy food and heating over the last couple of year5. The figure5 below do not
include member5 ofthe public not on low income. However, the deci5i0ns to enablethe publicto buy
ha5 been a positive factor in our financing. We do plan to start collecting data about those cu5tomer5
in the future with the help of our new ITswlan
| '21-'22 22-'23
443
52
Difl
?3- ?4
Households helped
Benefidarfes (people in those
households)
Seff-referrnls
*19Yo
559,
877
943
806
-14%
288
412
426,
133
+3%1
+14%1
+3%
Agency referrals
New members
155
114
-260A I
344,
407
+22Yo
419
Renewal members
119
+9¥.
140
+15%
New members" as proportion of all
Renewal members as proportion of all
Members wholly on benefits
701
75%
-3%
-23Y.',
25%
+8%
309
185
-40Y
227
+19%
Household5 on work income only
HDU5ehold5 on work income & benefits |
Members who claim Council tsx relief
134
159
172,
+8%
80
154
136,
-12%,
1391 -30%
134, +13%,
-12%
268
199
25Yo
Members who claim PIPMLA *
18,
117 | + 561%
82 |
' Members who claim E5A
51
68
' Members with disabilities
134
159
+19Y
228
+30%
Members
Those who proveto U5 they are
on low income and to whom we
Page S

issue a membership card
Independence Payment
Disabilty Living Allowance
Employment Supplement Allowance
pip
DLA
ESA
The number of households and beneficiaries helped has not increased significantly when compared to
the year before. We know there are two main factors in this: agencies having to give more of their time
and funds to fuel and food through the cost-of-living crisis on the one hand and a dearth in our online
advertising due to1055 of human resource for approx. seven months of the year. The inC￿aSe in
member5 With disabilities is notable a5though we have no explanation for it.
Sales to the general public who are not on low income are generalty about 30% of ourtotal sale5-
about 2IX) non-low-income households were Served in the year, but this wa5 rising in the second half of
the year a5 a ￿sUIt of marketrng activities we carried out. Thss indicates that might increase this
proportion in the future. Every penny spent by those not on low income5. who pay a higher price for
our used furniture (currently about 40% morel, helps us keep the price low for those on low incomes
and helps ensure we make enough funds to cover rent and other bu5ine55 expenses. Our model 15 a
way to enable the community as a whole to help each other out and help the environment.
Environmental impact
Extrapolating from academic studie5 into our work, we estimate we recycled about 750 items132
tonne5 of furniture In '23 -'24.
We reduce the Canibridge areas, carbon footprint by about 12 tonne5 every month (less carbon
dioxldelequivalents being released intrj the atmosphe￿1. The effect 15 equivalent to planting g)0 trees
a year in an area of the country wlth a very low number of trees.
For more details https.'//www.cambridgereuse.org.uVimpactreport.pdf first published in 2019.
Financial summary
Apr'l8-
Mar 19
Apr'l9-
Mar 20
Apr '20-
Mar21
Apr'21-
Mar Z2
Apr'22 -
Mar 23
ApriI'23-
Mar 24
Grab
13,236
52,971
76,364
25,865
84,579
20,898
Sales
82,284
81,397
48.495
92,783
106.460
97.779
Grant income. Down hugely compared to the previous year due to1055 of fvndrai5ing resource for rn05t
of the year. But note that much of the intome won in the ye3r'22-'23 was for use in the year 23-'24.
From N¢)vember'23 we have new fundraising resource and expect a much higher income next financial
year.
Sales income. In earty 2022 we employed a rnarketing specialist part-time for 5 months in the year to
try to Itft sales. As you can See this Succeeded with a 20% lift in sale5 vthen considering the whole year,
circa 20K more than the previous year and almost £30K more than'18-19, the m05t recent pre-COVID
year. We10st this resource but have reinstated it in November 2023 50 a5 With the grant income we
expett to do better in temis of sales growth in the Trext financlal year. Another factor at play here may
well be that our van collected and delivered 6 days a week {induding Saturday51 In previous year5 but
from May'23 thi5 was i¥duLvd Lu 5.
Page 6

Costs
Costs
Apr'l8-
Mar 19
Apr'l9-
Mar 20
Apr'20-
Mar 21
Apr'21-
Mar 22
Apr'22-
Mar 23
Apr'23-
Mar'24
Total
116,216
123.855
91,105
134,119
156,186
162,239
Costs rose by about 4% which as to be expected.
Profit and Loss
Income from sale5 alone in .23-24 would be £64.000 short of our costs. With the reduced grant income
in the year. the1055 was £33,244.
The vast majority of grarrts the charity receive5 are restricted funds for specffic aciivities and
signthcant proportion are received in one financial year {often in the last quarterl for spending in the
following fiFJancial year. SO much of the grant income received in the previou5 year, '22- ?3 was to
support our activities in this'23-'24 financial year. When this is considered, the Ios5 in '23-'24 is actually
only about £6K. But of course. it follows that the1055 of incoming grant funds in '2>,24 mean5 less
nds availableto support our activlties durfng the year'24-'25.
Bearing In mind that we lost dedicated marketinglfundraislng resource and associated actlvitbes ft)r
much of the year In '23-'24 have re-instated these In as from November'24, we believe there Is
reasonable hope that going forward we can continue to increase sales.
Finally, we dld not increase prices for those on low income and it must be part of our strdtegy to keep
profits as a second priority to this, our guiding purpose.
OurTeam
In addition tothe16 to 81 Trustees. between 10 and 20 volunteetssUPPOrted the charity during the
year, w?th the average number at any one time being 15. The contribution of all of these volunteers
remains Vital to the viability of the charlty.
One volunteer, Colin Chrebelski. made an amazing contribution by winning5ignificant grdnt income for
us for a nuriiber of years, helping en5urc ourvital finances as well as Inrjking after all of our PM)licies to
ensure VR operate in an equitable manner. Colin retired in 2023. We thank him very much 3nd wish
him all the best.
Our long-time store manager Cara Moorey also left us in 2023 after 15 years of great work. Cara'5
dedicatton to the cause and long hours spent to ensure smooth running. werelare legendary. She was
instrumental in the design of the Cambridge Local Assistance Scheme and one of the main partners
rolling tt out, with CHS, helping reach thousand5 of families acr055 Cambridgeshire- even throughout
the Covid lock downs- with essential funds and a55iStance.
Page 7

We also lost Malcolm (Mitchell) our bookkeeper for 18 years giving us Sterling seNice like a rocl so we
always knew exactly where we were wlth ourfinance5. He a150 went out of his way to ensu￿ his good
work was passed over and hls successor fully up to speed. We really appreciate the care he took.
Thanks To ...
As described above, the following gifts and grants made a significant contribution to making re-use
happen in Cambridge in '23-24, helping those on low intomes make a comfortable home and helping
save us als from increased methane emission5 from landfill sites and C02 emi55iDn from furniture
manufacturing. Thank-you from Cambridge R&Use who feel well supported by your efforts.
£iO.(KM)
National Lottery Community Fund toward running the van that enables us to collect
Used furniture from donor5 and deliver it to low-income familie5
Evelyn Trust another grant from a regular supporter to keep our work going
South Carnbridgeshlre District Council toward out work helping make r￿hOrned
people more comfortable
Microsoft Research to help us use utFtD-date technology t0 save time efft)rt and be
more efficient
Pdjrton Reed. a local Cambridge busine55 to help us adopt technology
South Cambridge Rotary Club.
£5,OtKi
£2,700
£1,500
£i,o
£1,000
Referral Agency Support
We continue to be very grateful for the 5UPPQrt of the many organi5ation5 that refer clients to U5,
including:
Cambridgeshire Loc31 Assistance Scheme ICLASI and its partner organtsation5
Cambridge Housing Society (CH5)
Cambrldge Cty Council
South Cambridgeshire District Council
Cambridge County Council
Cambridge Ald
John Huntlngdon Charity
Riverside ECHG
Winter Comfort
Cambridge Women's Ald
Cambridge cY￿nianS
On balance. a yearwe want and expectto improve on.
Reserves Policy
The trustees continue to monitor reserves each month to ensure that the charity 15 properly prepared
to meet potential financial demands as an ongoing business.
At the end of the financial year, unrestricted reserves stood at £112,743. With the likely cost of
dilapidations OTr leaving the current premise5 and the c05t of replacing the cUr￿nt 11-year-old van. the
Trustees assess that the ￿serveS should be used as follow5. to allow for potential expenses in the
future.
Page 8

Restrlcted Funds
£20,283
Designated reseyves lunrestrictedl
£100,￿0
Dilapidations
£55,000
Van Replacement
£45,000
General reserves lunrestrictedl
TOTAL
£12.743
£134026
IThe van replacement figure quoted above refers to the purchase of a diesel van of the same
Specification as the present one. Environmentallyi Gin electric van would be preferable. but this could
C05t up to £25,000 rnore.)
Should the Trustee5 ever take the decision to wind up the chartty for any reason, the dilapidation sum
would still be payable, but not the cost of a replacement van. However. redundancy pay would be due
to employees.
Page 9

Cambrldgè Re-use
Independent Examiners Report
Independent Examiner's Report to the trustees of Cambridge Re-use
I report to the charity trustees on my examination of the financial statements of Cambridge Re-U5e for the
year ended 31 March 2024.
Responsibllities and basls of ￿pOrt
As the charity's trustees Of the company land also its direttors forthe purposes of company lawl you are
respor)sible for the preparation of the financial statefflents in accordan￿ wrth the requirements of the
Companie5 Act 20061'the 21X)6 Act.
Having satisfied myself that the financial Statements of the Charity aro not required to be audited under Part
16 ofthe 2006Att and are eligible for independent examination, I report in respert of rny examination of
vour charity's financial statements as carried out under section 145 of the Charities Act 20111'the 2011 Act'l.
In carrying out rny examination I have followed the Dirertions given by the Charity Comrni55ion under settion
145(5) {bl of the 2011 Att.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe..
accounting records bvere not kept In accordance with settion 386 of the 2(M)6 Act . or
the financial statements do not accord with those record5,' or
the financial statements do not comply with the accountlng requirements under section 396 of the 2006
Act other than any requirement that the financial Statements give a 'true and falr, vlew whlch Is not a
matterconsidered as part of an independent examination,. or
the financial statements have not been prepared in accordance wlth the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparlng their accounts in accordance with the Financial Reporting Standard appllcable In the UK and
Republic of Ireland IFRS 1021.
I have no con￿rnS and have come across no other matters in connection with the examination to whith
attention should be drawn In this report In order to enable a proper understandlng of the financial
statements to be reached.
Ddy ALLuuiildiiL5
Quern House
Mill Court
Cambridge
CB22 5LD
31 March 2024
Page 10

Cambridge Re-use
ststement of Financial Artivities
for the year ended 31 March 2024
Unrestrlcted Restricted
funds
funds Total funds Totsl funds
2024
2024
2024
2023
Notes
Income and endowments
from:
Donations and legacies
Charitable artiwties
10,137
3.602
97.779
181
10,137
20,898
97,779
181
6.484
84.579
106.460
32
17,296
Other trading activities
Investments
Total
111.699
17,296
128.995
197,555
Expen(rrture on:
Raising fund5
Charitable attivities
Other
8,138
8,138
7.914
151
io
98,896
55,205
154,101
148,121
Total
107,034
55,205
162,239
156,186
Netgain5 on investments
Net (expenditure)/ineome
Transfers between funds
569
569
li
5,234
{37,9091
132,6751
4L369
Net lexpenditure)/lncome
before other galns/(losses)
5.234
(37,909)
132,675)
41,369
Other gains and losses
Net movement in funds
5,234
(37.9091
132,6751
41,369
Reconciliation of funds:
Total funds brought fonbvard
108,078
58,192
166.270
124,901
Total funds carried fonvard
113,312
20.283
133,595
166,270
Page 11

Cambridge Rfruse
Summary Income and Expenditure Account
for the year ended 31 March 2024
2024
2023
Income
128,814
197,523
Net gains on investments
569
Interest and investment income
181
32
Gr055 income for the year
Expenditure
129,564
197.555
158,199
155.923
Depreciation and charges for
impairment of fixed assets
4,040
263
Total expenditure for the year
Net lexpenditure}Iincome before tax
forthe year
162,239
156,186
{32,6751
41,369
Net (expendlture )lincome for the year
{32,675}
41,369
Page 12

Cambridge R&Use
Balance Sheet
at 31 March 2024
Company No. 07250173
Notes
2024
2023
Flxed assets
Tangible assets
13
9.750
9,750
791
791
Current assets
Debtors
14
24.434
17,229
104.051
145,714
{21,8691
19.288
16.661
140.620
176,569
111,090)
Investments
15
Cash at bank and in hand
Creditors: Amount falling due within one year
Net current a55ets
16
123.845
165,479
Total assets less current liabilities
133.595
166,270
Net a55ets excludlng pension a55et or liablllty
133,595
166.270
Total net assets
133,595
166,270
The funds of the charity
Restrl¢ted funds
Restritted income funds
17
20,283
20,283
58,192
58,192
Unrestricted funds
General funds
17
112,743
108,078
112.743
108,078
Reserves
Revaluation reserve
17
569
569
Totsl funds
133,595
166,270
These accounts have been prepared in accordance with the speaal provisions of Part 15 of the Companies
Art 2(XJ6 relating to small companies.
For the year ended 31 March 2024 the company was entitled to exemption under sertion 477 nf thp
Companies Art 2(J)6 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act
21M)6 with respett to accounting records and the preparation of accounts.
Approved by the board on 31 Morch 2024
And signed on its behalf by:
T.D. Tannenbaum
Page 13

Cambridge Re-use
Notes to the Accounts
for the year ended 31 March 2024
l Accountlng policie5
Basls of preparation
The financlal statements have been prepared in accordance with Acccuntir)g and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective I
January 20151 (Charities 50RP IFRS 10211. the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 102) and the CompaniesAtt2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies Iwaluation rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund accountin8
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the
general objerts of the charity.
These are unrestritted funds earmarked by the trustees for particular purposes.
These are unrestrlrted funds whlch include a revaluation reserve representing the
restatement of Investment assets at thelr market values.
These are available for use subjett to restrictions imposed by the donor or through
terms of an appeal.
Deslgnated funds
Revaluation funds
Restrlcted funds
Income
Recognitlon of
Income
Income 15 included in the Statement of Flnanclal Activitie5 ISOFAI when the charity
becomes entitled to, and virtually certain to receive, the income and the amount of
the Income can be measured with sufficient reliability.
Income wlth related Where income has related expenditure the income and related expenditure is
expendtture
reported gross in the SOFA.
Donatlons and
legacies
Voluntary income received by way of grants, donations and gifts is included in the
the SOFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on
Income from tax reclainis Is included in the SOFA at the same tlme as the
donation5 and gifts gift/donation to which it relates.
Donated Services
These are only induded in income (with an equivalent amount in expenditurel
and facilities
where the benefit to the Charity 15 reasonably quantifiable. rne35urable and
materia5.
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when re￿ivable.
Gains/{lossesl on
Thi5 includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
a55ets
Gains/(lossesl on
Investment assets
This includes any gain or loss on the sale of investments.
Page 14

Cambridge Re-use
Notes to the A¢￿Unts
Expendlture
Recognition of
expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which
cannot be fully recovered, and is reported as part of the expendlture to whlch it
relates.
Expenditure on
These cornprise the costs associated with attracting voluntary income, fundraising
raising funds
trading costs and investment management costs.
Expenditure on
These comprise the costs incurred by the Charity in the delivery of its attivities and
charitable activities ServI￿S in the furtherance of its objects, including the making of grants and
governance costs.
All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs associated with meeting the constitutional and statutory
requirements of the Charity, including any audiwindependent exafflination fees.
Costs linked to the strategic man3gement of the Charity. together with a share of
other administration c05t5.
These are sUPPOrt costs not allocated to a partlcular artivity.
Grants payable
Governance costs
Other expenditure
Taxation
The charity is exempt from corporation tax on its charitable actlvltles.
Tangible fmed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each a55et Lwer its estimated
useful life..
Motor vehicles
25% Reduclng balance
Office equipment
15% Straight line
Freehold Investment property
Investment properties are measured initially at cost and subsequently at fair value at each balan￿ sheet
date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they
arise.
Stocks
Stock is induded at the lower of c05t or net ￿alISable value. Donated items of stock are recognised at fair
value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors a￿ recognised at the settlement arnount due after any trade discount offered.
Prepayments are valued atthe amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquld 5nve5tments wlth original maturities of three months or less and bank overdrafts.
In the statement of financial position, bank overdrafts are shown wlthin borrowlngs or current Ilabllltles.
In the Statement of Cash Flows, cash and cash equlvalents are shown net ot bank overdratts that are
repayable on demand and form an integral part of the company's cash mana8ement.
Page 15

Carnbridge Re-use
Notss to the A￿o￿nts
Trade and other creditors
Short term creditors are measured at the transattlon price. Other creditors and provisions are recognised
where the charlty ha5 a present obligation resultlng from a past event that will probably result in the
transfer of funds to 3 third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetsry assets and liabilities denorninated in currencies other than the functional currency of the
charity are translated at the rate5 of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange dIfferen￿$ are are taken into account In arriving at net income1expendltu￿.
Leased a55ets
Where the tharity enter5 into a lease which entails taking substantially all the risks and reward5 of
ownership of an asset, the lease is treated as a flnance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are das5ified
as operating leases.
Assets held under finance leases are initially recognlsed as assets of the charity at their fair value at the
inception of the lease or, if lower, at the present value of the minimum lease payments. The
corresponding liabllity to the lessor is Included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to
achieve a constant rate of interest on the remalning b31ance of the liability. Finance expenses are
recognlsed immediately, unless they are directly attributable to qualifying assets, in which case they are
capitsllsed In accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease in￿ntiveS are received to enter into operating leases. such incentives are
recognised as a liability- The aggregate benefit of incentive5 15 recognised as a reduction of rental
expense on a straight~line ba5iS.
Pension costs
The charity operates a defined contribution plan for its employee5. A defined contribution plan 15 a
pension plan under which the company pays fixed contributions into a separate entity. Once the
contrlbutions have been paid the company has no further payments obligations. The contributions are
recognised as expense5 when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The a55ets of the plan are held Separately from the company in independently administered funds.
Re￿ipt of donated g(￿1$. facilities and service5
All donated goods, facilities and servi￿$ received are recognised wlthin Incoming resource5 and
expenditure at an estimate of the value to the charity.
Page 16

Cambridge Re-use
Notss to the Accounts
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
3 Statement of Financlal Actlvltles - prior year
Unrestricted
funds
Restrirted
fun(15 Totsl funds
2023
2023
JJZ3
Income and endowments from:
Donations and legacies
Charitable activities
6.484
13,259
106,460
32
6,484
84,579
106,460
32
71.320
Other trading activities
Investments
Total
126.235
71.320
197,555
Expendlture on:
Raising funds
Charitable activities
7,914
151
7,914
151
Other
125,866
22,255
148,121
Total
133,931
22,255
156,186
Net income
17,6961
49,065
41.369
Net income before other
galns/(losses)
Other galns and losses:
Net movernent In funds
17,6961
49,065
41,369
(7,6961
49,065
41,369
Reconciliatson of funds".
Totsl funds brought forward
Total fund5 carried forward
115,774
9,127
124,901
108,078
58,192
166,270
4 Income from donations and legacles
Unrestricted
Totsl
Total
?o?a
?n74
10,137
10,137
10,137
10,137
6,484
5 Income from charitable activities
Unrestricted
Restrlcted
Totsl
Total
2024
2023
3,602
3,602
17,296
17,296
20,898
20,898
84,579
84.579
Page 17

Cambridge Re-use
Notes to the Accounts
6 Income from other tradlng artivities
Unrestrictsd
Totsl
Total
2024
2023
Sale of furniture and other
household goods
97,779
97,779
106,460
97,779
97.779
106,460
7 Income from investments
Unrestricted
Total
Total
2024
2023
181
181
32
181
181
32
8 Expenditure on raising fund5
Unrestrlcted
Total
Total
2024
2023
Costs of generating voluntary
Income
8,138
8,138
8,138
8,138
7,914
7,914
9 Expendlture on tharitable activities
Total
Totsl
2024
2023
Governance costs
151
151
10 Other expenditure
Unrestricted
Restricted
Totsl
Total
2024
7n?.4
Employee costs
Motor and travel costs
33,115
4,065
49,201
45,577
9,594
35
78.691
13,659
49,236
81.523
8.928
49,747
Premises costs
Amortisation, deprectation,
impairmenL profivloss on
disP05al of fixed assets
General administrative costs
Legal 8nd profes3ioi)al costs
4,040
4,040
263
7,267
1,208
98.896
7.267
1,208
154,101
6,167
1.495
148,121
55,205
Page 18

Cambridge Re-U5e
Note5 to the Accounts
11 Net (expenditurel/income before transfers
2024
2023
Thi5 IS stated after charging..
Depreciation of owned fixed assets
12 Staff costs
4,040
263
2024
2023
Salarie5 and wages
Social security cost5
Pension costs
59.855
6.636
67,409
3,647
67,480
71,056
No employee received emolurnents in excess of £60.000.
The average monthly number of full time equivalent employees during the year was a5 follows-
2024
Number
2023
Number
13 Tangible fixed a55ets
Motor
vehicles
Office
equipment
Total
Cost or revaluation
At l Aprll 2023
Additions
At 31 March 2024
Depreeiation and
Impalrment
At l April 2023
Depreciation charge for the
year
At 31 March 2024
24,949
13,IXI)
37,949
1,137
26,086
13,0(K)
39,086
1,137
24,159
1,137
25,296
4,040
28.199
1,137
29,336
Net book values
At 31 Marrh 2Q24
At 31 March 2023
9,75n
790
790
14 Debtor5
2023
Trade debtors
VAT recoverable
Prepayments and accrued income
10,987
151
13.452
24,434
9,709
1,119
8,460
19.288
Page 19

Cambridge Re-use
Notss to the Accounts
15 Current asset hwestmeftts
2024
2023
Unltsted investments
17,229
17,229
16,661
16,661
16 thditors:
amounts falllng due withln one year
2024
2023
Trade credttors
Other creditor5
Accruals
18,670
176
6,590
1.874
2,626
11,090
3,023
21,869
Page 20

Cambrfdge Re-use
Notes to the Accounts
17 Movement in funds
Incomlng
resources
At31
{including
other
At l April gaIn￿l05seS
2023
Resources
expended
March
2024
Restricted funds:
Restrlcted income funds:
Evelyn Trust
Alan Boswell Group
National Lottery- Driver
Cambridge Crty CEV
National Lottery- Van
Nationwide
5.567
8.139
(5.5671
18,1391
10,296
7,(h)O
10.296
5,406
1,619
29,600
4.708
3.153
(12.4061
{1.619)
127,4741
2,126
4,708
3,153
CCF- Innocultivation
ARM via CCF
Total
58,192
17,296
155,2051
20,283
Unrestrlcted funds:
General funds
108.078
111,699
1107.0341
112,743
Revaluation Reserves..
Revaluation fund
569
569
Total revaluation reseNes
569
569
Total funds
166.270
129,564
f162,2391
133,595
Purposes and restrittions in relation to the funds:
Revaluation reserves
Represent the amount by which investments exceed their historical cosL
Re5tritted funds:
Evelyn Trust
Ajan B05well Group
National Lottery- Driver
Cambridge City CEV
National Lottery- Van
Nationwide
CCF - Innocultivation
ARM vla CCF
Page 21

Cambridge R￿Use
Notes to the Accounts
18 Analysls of net assets between fL4ftds
Unrestricted
funds
Total
Fixed assets
Net current assets
9,750
123,845
133,59S
9,750
123,845
133,595
19 Reconaliation of net debt
At31
At l April
2023
March
Cash flows
2024
Cash and cash equivalent5
140,620
14Q,620
136,569)
136,569}
104,051
104,051
Netdebt
140,620
136.569)
104,051
20 Commitments
Operating lease commitments
Annual commitment5 under non-cancellable operating leases are a5 follow5..
2024
Land and
bulldlngs
2024
2023
Land and
bulldlngs
2023
Other
Other
Operating leases with expiry date:
Pension commltments
2024
2023
The pension cost charge to the company
amounted to:
989
21 Related party disclosures
Controlllng purty
The eompany is liniited by guaraiilgè diid I Id5 1 iu slidle Ldyildl. Ll ius I Iv sii i¥le Vdt Ly LUI ILiu15 Ili¥ WIllVdliy.
Page 22