REGISTERED COTrJPANY NUMI BER.. 07461323 {EnglAnd and Wi)IL'5)
REGISTERED CHAIIETY NUfvIBER: 1140541
REPOR'I. OFTHE I'IIUSTEI ES AND
UNAUDII'ED b Ih'ANCIAL STATEINICNTS
FOR THE YEAR EINDED 31 IVtAY 2025
OR
BAIONET REI USI CEI.Ni I'RE LlTrI 11l'ED
Clgi y Raliiage D?¢ ￿]ll & Co Liniiie(I
Cliar￿l'cd Accoiinlartts
Suiie D, The Buginc$5 Cenlrc
F￿rIngdOn Avenue
RoinFord
Essex
RM3 SEN

BAiINET REUSE Cfl NTiiE LIMITED
CONTENTS or THE FINAINCIAL STATEMENTS
FOR THE YEAR ELNDED 31 MAY 2025
PO#e
Report of the Tru5tee5
Independent Examiner's Report
Slaternent of Flnllnci41 Activitles
B Y41ance Sheet
10 lo 11
Notes to the Financi&l Statements
12 to .21

BARNLT REUSE CENTRE LIMITEI D
REI PORT OF TFIE fRUSTEI ES
FOR THE YEIAR EINDED 31 MAY 2025
Thc tjiistees ivlio al'e 81$0 diTectors of the charity toi. the purpo%eq ot the Coinpanics Act 2006, present Iheir
I'cpui't with tl)e finAncial 51ai¢inents of Ihc ch£l1'ily foi. IIIC yciir cndcd 3 I May 2025. Thc triislccs havo adoptcd
the provisiDLiS of Accoiinting and ftcpoilitlb by Chciritle5'. Slaleiiiellt of Rccomineiided Pi'actice applicablc 10
chai'ilies preparing their accounts in accordaiice witli Ihc FinLincilll A¢poriin8 Siandaid applic3blE in Ilie UK
and Republic ol. Ireland IFRS 1021 lefie¢iiv¢ l J)iiuai'y 201()I.
OBJLC'I'IVES AND ACTIVITIES
PollclL'5 objccllvL5
The objects ot Ilie Ll)arily al'e..
The rclief, either generally or indivsdually, of per.%ons who are need. hardship or dislrcss.
Thc o(Ivllnccmcnl of cdiicl4 ¢ion, Yocalion21 I troiiiints or retninin(T attd 11)e pi'ovision of ivork ¢.xpericnce
pariiciilarly among iiiicmploycd people gr peoi)Ic with spccilll n¢¢ds in oi'dcr to cnlittncc thcir pi'ospects of
cinployiiienl, inclepciidciiLc i< nd qLiality ol lile.
'riie piolectloh and pi'e5ei'vlltion ofthe enviionineni lor tlie ptiblio beiiefit by:
(al Tlie i)roin¢ktiotL ol- Ivasle i'ediiction, re-I15e, reclainalioii, IE¢ycling, iise ol. reLy¢led Pl'oducls, Ib) king
in coiiiiniinity and natTrollal scl)enie.% and projcct5 for recycliiig and rtusirig mlite¢id15, coniponen15
I'esoiirces.
The TTllStces likve i'eFtrred to the giiidAn¢e containcd in Ihc Clinriiy C(Iinniigsion's geneiul guiilaiicc on
public bciicfil wlicii Irvicwin&T the Lhni'ity's aiins ¢incl objcctive.s lind iii plaiining il% lutiiic aciivilics. Ill
P<irliciilar. Ilic Ti'lisiees considei. lioiv plai)nc<l activities ivill contribiile lo the &iins anil objeclivcs Ihcy liAve
set.
The tni8tees have revieivcd il)¢ appliLation of tlie Chcll'ily Governance Codc, wliich wus iniroduced in July
2017 ifi .%0 faE' a.% Ll Is applicablc lo Il)e ehai'ity. The liii%lees ttlrcic Ily upply iii'e1c % of the codc wiihin the
govci'nuncc arrangcm¢iil£ of Ilic charity èind arc rcvicwinby lioiv olliei. clciiiciils of Ili¢ Lodc cali be fjppliLd
b. ActivitiLS for Achlevln% Objectiies
Tlie cbai'ily provides OUT volunt¢crs wilh WOL'k eKperienLe in a rcal business envii'ontLient. They are
encuiii'Jg¢d io leari) sales skills dealing with cuslonieiE til ce lo Yace 8n(l on Ihc iÈIEphonc. Trllinocs lear
biiek-oftice-ldhiiinistralion skills, sales and DIY.
The cli£irity i'ceeives funiiliii'e fi'oii) vaiieiy ol- soui'LCS. Tlic gciici'nl piiblic Ilonalc all vf the fiiynitiiie tlie
chai'iiy receives. A hi&)h pi-opoi-iion ol. this fiiniitui'e ivould lloi'inally end lip li) landfill, biit in%read ilie cliai'ily
eiiableg it to be rtiiscd,
c. VoluntCLsrs
Thc churi¢y is very sri11¢ful lo all the voliiiiieer5 who ttr¢ involv¢d in all p.spc¢ts of th¢ s¢1'viee provision.
VolEinleers liavc played a key i'ole irt cniibling the choi'ily to operatc cost clyeciively aiid deliver a liigh
quality service to ciistomers. In J'eluiii, voluiileei's rtceive LFood qualily ivork experience and training. Diirinn
the yedl, 9 Yolunteers benefited froin tt'aining and work exp¢ri¢nc¢.

BARNET REUSE CENTRL LIMITED
REPORT OF TH￿ TRUSTEES
FOR THE Yli JIR EINDED 31 MAY 2025
ACHIEVEIVIENTS AND PERFORMAh'CE
. Re￿0￿ of A¢tivitie5
Now in ils fourteentb year, the charity has coutiJ]ued ¢0 Success￿IlY operdle from its Centre iiiFriern BarnÈt,
The INstees are very pleased with the impact Barnel Furnitur¢ Centre has made in tlie conununity, especially
in environn)ental terms and in helping people in need.
A signifi¢8nt proportioii of bam¢t Furnxiur¢ Cenlr¢'s business is with organisations and private residents in
Bamet and neighbouring boroughs. Over the past year we have continued to support families who hav¢ been
refenrd to U5 by lo￿1 auihoTlties and otheL agencies across 10081 boroughs SLIGh as Haringey. Enfield,
Camden, Islinglon and HertfardshiTe boioughs.
Barnet FurniNre Centrc s door5 ate open'to everyoue.
Hoiyever, Ive do offer subslanlial diseounls on
essenlial bous¢hold items lo fa]nilies and individua15.lvho ar¢"in r¢ceipt of benefits.
Addition&llyi through the salès of highei'_end donated stock means w¢ can offer free fuThiture p8ck&gc$ to
those m05t in tt¢ed. Thes¢ custom¢r5 generally refeiyed to us by local authorities and other agencies.
During the pst year (2024-2025) 1320 metnbers of the public ill financial n¢ed hav¢ beThefited from our
discounted furnitur6 $¢heme. and wt have provided ovei. 21 Eaniilies with fre¢ furniture packages to th¢
value of £4.211.
During the ph$t year 202412025 86 tonnes of reusablo furni￿re and appliances were collected, &nd 72 tonttes
of reusable thmitiii'e weLe delivered.
We Cu￿entlY have a small, dedicated team of volunteer5 who bring diffeient skill.stts lo the business fro
Dry and adrnin lo IT. VDlunteei's are a very valuable resource and pllly a vital role in enabling th¢ ¢harit.y lo
conlinuc its great work. Barnet fiurniture Centre's long standing skilled Volunteers offers training and work
expeiience to itsdividulls lo prep8r¢ them for the workptace. This also helps build their confidence by being
a pai'l of & team. In the past yeu. 10 volunteors have b¢n?fitied fforn Ilieir tim¢ at the Cetttre. artd some have
gont on to paid employment or into furthei. ed￿catIOn.
The tru51¢cs (who are also directors of the charity for the purposes of the Companies Act) prc5e]It their
u81 trepott together with the jJn3n¢ial stat¢my)ts of Barnet Reuse Centre Limited (the Chttrity) for the year
ortded 31st May 2025. The trustees confinn that the ahnual report and financial'staiements of the charity
comply wjth the current siatutoty requiremenls, the iequiretnenls of the charity's goveming dociimenl and
the provi$ioJts of the Statement of Recommended PractlGe (SORP) applicable to chorities preparing thesr
ac¢ounls in accordance with the Financial RepiTrilinB Standard applicable in the UK and Republic of Jreland
(FRS 102) (effective 1st January 2015)._
Since the ch"8rity qiialifies as small uiider section 383, the strategic repoi'l rcquired of medium and large
compani¢s iindeT The Companies Act 2006 (Straiegio Report and Director's Report) Regulations 2013 15 nol
reqiiiyed.
The charity tsade5 under the names B￿n¢t Furnitute Centre arLd Bamet Reuse Centre Limited.
Page 2

BABNET REUSE CENTRE LIMITED
REPORT ofi THL TRUSTEES
IOR THL YLI AR IINDED 31 IIIAY 2025
FIIYANCIAL REVIEW
. RL&vleiv of the YL'AJ.
Doniiiions of ILirniliLI'e hove provided the charity ivith ll sieady sli'eaiii of tradiiirt slock. Donations ot high
qualily secon(I hand furniture have enabled Ilie cliarily to attract i)ieinbers of the piiblic lo thc wairhouse wlio
arc nol in financial nced and ivho can affoid lo pay the hiftlier rnarkcl pi'iLe on fuiJ)ilure ilen)s. All proceed5
n¢llCl'iiled from furniture sales llre plou<Fhed back into tlie Cenli"e tu enable th¢ charity to help more ol those
in Jieed.
Totil iiicoinc foi. Ilje ycai. ivas £473,887 {2024 £456,124), Thc eliftrily's Iiading aetivities aild &rove1111i1eiil
Ii'oni lun(ljntt ive received gciicratccl £241,4U4 12024 £240,888) of incoiiie ol- wliicli £219,169 12024
£222,065) Ivas donated stock.
Tbe cliarity 5nciirrcd cxpeddilure of £47a,715 {2024.. É457,8431 leadinE to a defjcit for the ycttr ot £4,828
12024 £1,719)
Tlic cli4iriiy i'ai.ses fiiiids li'oin Ihc salc ol- lumilLire and don4liOnS ol. ILiiiiilurc frvin thc general piiblic. It ducs
not i'iin Iicnoral fiindi'11 isiiig prouiL'aniii)e5 aiid $0 ilic tiii.4tccs do iiot bcliei'c that tlie Fundraising Code is
applic&blc,
b. IIL&LrvLs Polit J And Pla115 f¢)r thL Futiii-e
The tl'lislecs coiisi'deL' thnl li 1% appropriate to Inaintain fi'ec reservcs ot- llpproxiin¢ltcly six inoiit]is vf
vci'lieads. rice i'¢soi'vcs.It 31 May 2025 IVCL'e £233,255.
The cliai'ily hag cash al lh¢ bank ol. £196,743 at 31 M)y 2025 and frce i'¢serves or £233,255 covering I I
month% of expoiidilure bascd on ali L2verage overhead cost ot £21.50012024.. £20,UOOI per month. This is
wiihin Ilic iai-g¢i sct by thc Irus(ccs. Tlie lonL-tCTm aim is lo Loi)liniic to build the frce irscrvcs ol. IIIE eharity
lo Ilie largcl 5¢l.
Page 3

BARNET REUSK CKNTIiEI LIMITED
PORT OF THE TRUSTEKS
FOR THE YEAR ENDED 31 fvlAY 2025
STRUCIURE, GOVERNANCE AND MANAGEI MENT
Constltutlo
The charity is regist¢red as a Charitable compony limited by guaralltee and wps set up by a Memorandtsm of
Associati¢n on 6 Dw¢ibbei' 2010.
The charity 15 constituted under & M¢inor8ndum of Association dated 6 December 2010 and is a Tegistered
charity nillnber 1140541.
b. The Dlreclor8 and Trustee5
The Direotorsrrrustees (Trf the COLnpaoy are also charity trustees for the ptsrposes of cbarity law aud UTLder the
cotnpany's Artiol¢s of Association al'e known 25 M¢mber5 of the Marta(Temenl Committee.
The Directors and Trustees who served during the yeai andlor up to the dale of the repor¢ were:
Trevor Renoiif- appointed 21109121 . resigned.28101r25
FTan¢a O]iffe. appointed 13106124
Mike Sault- APPOlated 13106124
Rachit Thakk￿._ appointed 09112124
c. AppolntmtDt and Indvction of Trustees
Undei. the requirements of the Memorandum and Arliclcs of.Assbciation oThe tliird of the truSlee5 musl retire
eieh yenr. A I'etiring tI'L￿tee may be reappointed. TNstees aiE s¢l¢¢l¢d on the basis of theii. relevant skills,
experience and knowledge and th¢ active contributioii they Can mak¢ to the organisation. Potential new
tnislees are iiivited to tour the pi'eniises dui'ing a woi'kiii8 day to s¢e Ihr Lhaiity in operation. They al'e also
invited to attend ll board meet1t￿o and familiarise t￿e￿￿elveS will) the organis<ltion through iE3diug relevant
documentation and talking with the Gen¢ral Manager or tbe Chair of the Trustèes.
d. organi$￿tIon￿l Slrueture
The charity is organised 50 th4t the trustees meet at least four tlmes a year to manage ils affairs.
A (Teneral manager is employed to manage th¢ day lo day workings with the aid of other employees
responsible for the ivarehouse, &dJninistraiÈou and transporL
e. Rlsk MAnagement
The trusiees have examined tbe n)aioi' strbtegic, biisiness, and operktional risks which th¢ chArity foces and
confirm that systems haye beeii established to enable i'egular reports to be produced so that tbe necessaiy
steps can be token to Icssen those risks, Significant finaThcial risks require an updated stiate8ic plan that
addresses the ¢hanging ¢nvironm61Lt that we are operating in. thc chaTity has recorded sinall deficit5 in both
this und the previous financial yeai. and we need to diversify oui" fitTJdillg and actÈvitLCS to reverse this trend.
The ongoing risk is inoreased AS we have yet to aoree on an aeceptable r¢nt during the I￿Se renewal
ft¢gotialion. Proeeduies arc in pl&¢¢ to en$u¥e Collipliance with the health and 5aEety of staff, volimteers and
'visiroi's to the charity's ptcthises.
The triistee$ Are aware of their Tesponsibllities io ensiire that the vulneLable pctsple that the charity works
with aie"saf¢. Th¢ charjty has a fornial safeguarding policy and training is undefrtaken to ensiire the poli¢y is
adhered to,
P￿¢4

BA WYL"I' iiLI US£ CENTRE LTMI'A'LD
RLI PORT OF TIIE TRUSTLKS
FOR'I'IIL YEAR NDE4 D 31 MAY 2025
Llabillty insiirsjnce
The cliai'ily piircha5es Irust¢c liability insiirance oil behalf ofthe Iru5te¢s lo protect them againsl claims that
may aiise froln the pei'fornioncc of Ilieii chai'iiable dulics.
RLI fERbNCL AND ADMLLN E.8TRATIVE DETAILS
Rvgi5tL¥red Coinp1d nv number
07461323 IEiigl&nd and WiilLsl
RL'gister¢d Ch.Irit)' niittibtr
1140541
Registered officL
4 Qiiccns Parade Close
Fi'iei'n Bai-net
London
N113FY
Trusteos
M B Sauli lappointed 13.6 20241
Mrs P M Olifle (appointed 13.6.2024)
R Tliakk¢i' lappoiiitcd 9.12.20241
T D Renoul'{rL'signed fjll.1.20251
co￿P..1nY SL&L'rLltiit')'
Mrs B Casey
IndepL'iident L YaminLII'
Cli2y Rcltnfjge Daifin & Cu Lin)itcd
Cliaittci'cd Accoiiiilant5
Suitc D, Tlic Biisiiiegs C'eiiiY¢
FnrinLdun Avenuc
Ilomlord
RM3 8EN
Pag¢ 5

BARNET REUSE CENTRE LJMITED
REPORT OF THE TRUSTEKS
FOR THE YEI AR EEIDED 3J MAY 2025
STATEMENf OF TRUSTfi IS, RESPONSIBILITIEI S
The trustees Iwho al'c 4150 dii'ectors of Bornet keiise CentiE Limited for the wrposes of coinpany law) are
i¢spoii8ibl¢ for preparing the ti￿ste¢s, i¢port and the financial slalements in accordance wjtli appli¢2bl¢ law
arLd Unlted Klngdom Accounting Standards {Unlted Ktngdom Generally Accepted A￿oUnting Prd¢tice).
Company law require% th¢ tsustees to preparF financial staternenLs for e4¢h fillancial year. Under ¢othpaThy
law the tn￿1¢¢8 must not approve the financial slatÈmenls unlèss they are satisfied that they give a true aj
fail, view of Ihe state of affairs of th¢ charitable ¢ompany and of the.Ancoming J'e30urces.and application of
resouroes. including th¢ income and expenditure. of the ¢harifabl¢ company for that period. In pieparing
these tiNancial slutemeiils, the trustees ait required lo..
o sèlect suitable aecoiinting policles and then apply diem tsonsistertdy..
o observ¢ Iberaeihods and prineiples of the Charities SORP..
o make Jud￿mentS and accounting ¢stin]ates Éhat are ttasonable attdprudenl-
o prep￿¢ the financial statements on the going wncern basis iinless it is inappropriate to presume ihat the
¢haritabl¢ company will continue in operatiots.
The Irustees are responsible for kteping adeqiiate aeeounling re¢ords that are sufficient lo shDiV and explain
the charitablè company's "trallsactlOLiS and disclos¢ reasonable acoura¢y al ftny the fLIiaILcÉal
positjoD of the charitabl¢ company and enable them to ensure that the Iinancial statements comply with the
Companies Act 2006. Tliey arp ulso responsible for s&re￿iardi￿ts the assets of the chantable oowpany aDd
hence for takin(T reÈsollable steps for the prevetttion and detection of fraiid and other in'egulariiies.
ApproY¢d by order of the.
oard of tsustC¢5-on.24 February 2026 and signcd ou its behalf by:
M B Sault- TNstee
Page 6

INDEPE&ryp￿N'r EXAIMINEI R'S REPOR'f TO THE TRUSTEES OF
BARNET RLI USE CEN'I'RE LIMITED
Inilei)endctLt examiner's I'eport tv Ilie tl'U5tecs of Bjtrnet Reuse Centi'e Limited {'the CnmpAny')
J report lo tlie Charity Inisiees on my examinalion of the accoiinls of the Coinpany for Ihc year elided
31 May 2025.
RLsporLsibllitiCS Xlnd b2sly of report
As tl)¢ chai'ity's Iiustees of Il)e Company (and 0130 ils directoi's loi. Ilic purposes of coinpany law) yoii are
i'e5ponsible tor Ilie pi'epai'alioii of tlie accounts In occordance with Ilie requii'ejnenls of Ilie Coinpanies Ael
"20061'ihe 2006 Act'}.
Having satisfied iDysell' Ihal the acco(Inls ol-tlie Coini)any are not rcquired to be audiied under Part 16 of the
2006 Acl and ¥Ji'e eligiblc for indepciidelll exaininaiion, I rcpoi'l in rcspecl of iiiy examinatioji of yoiir
chlli-ity's occoiint5 carried oiit undcr Section 145 ofilie Clicirilics Act 2011 I'the 2011 Aci,). In carrying out
ii)y examirtgktion I hav¢ followed the Dii"Lctiuns given by Ihc Chal'lty Con)mission under Section 145151 Ib) ol.
tlie 201 l Act.

ELNDEPENDENT EXAML INZR'S REPORT TO THE TRUSTEES OF
BARNILT REUSE CELYTRE LIMITII D
Tndep¢ndeDt cxamffiner's statellyent
Since your chariiy'5 gross income exceeded £250,000 your exaTnincr miist br a member of a listed body. I
an ¢onFimi Ihat l am qiialified to und¢i1ake thc examination because l am a member of the Association of
CharleiEd Certified A¢countaNts, which is one of the ligted bodies.
I have completed my examintstion. I confirni that no lliattcrs have con￿ to my attentiou in connection with
the examirtation givinrp m¢ cause to believe..
acrountinty records We￿ not kep¢ itt respcct of the Compat)y as r¢quLTed by Section 386 of the 2006
the a¢¢ouThts do not accord with tbose records., or
the aceounts do not comply with the accounting reqiiiremen18 of Se¢tion 396 of the 2006 Act other
than any ￿qUITement that the &eeourAls gkve a tI￿e and fair view which is not a matter considered a$
part of an indcpendent examination. or
thc accoun15 have not been prepared in a¢¢ordance ivith the methods and principlu of Ihe Siatemetst
of.REcommended PItClice for ac¢ounling and reporting by chariti¢s (applicable lo charities preparing
tlieir 8¢counls in accordan¢e with the Financial Reporting Standard applicable in the UK atld
Republic of Ireland (FRS 102)).
I have no collcems ond have come across no other matters ill connection with the extiminalion lo. which
8lletLIIoIi should be draw) in this rcporl iii o[der to enable a prthp￿. uiiderstanding of Ihe accounts to be
reaehed.
GLhw/irtL f
Lomine Calhth7ne Purdy FCCA
The Associition of Chartered Certified Atcounlants
Clay Ratnage Daffin & Co Limited
Chartered A¢countgllt3
Suite D, The Busin¢ss Ccntre
Fartngdoii Aveniie
Romford
RM3 8EN
24 Fcbniary 2026
Page ¥

BARNE'f REUSL CENTRE LIII IITED
STATEI MENf OTr FINALYCIAL ACTIVITIES
roR THE YEAREYDED 31 MAY 2025
2025
UnTeslricled
rLind
2024
Total
runds
Notes
INCOML AND INDOWMEÈNTS fROI
Doiialions Jiid lego¢ies
241,404
240,888
Oiher Irading aelivilies
232,483
215,236
TotAI
47J,887
456,124
LXI>EiiNDITUIIE ON
Raisiiig tiinds
221.279
208,905
Cli24 J'lt21 ble atlivilies
Chi1rilable activities
257,436
248,938
Totftl
478,715
457.843
NET INI COMEIIEXP£NDITUREI
(4,828)
11,719)
RECOINCILIATIOJY OF f¢UNDS
Total liiiids bi'oiighi forward
238.083
239.802
TOI'AL fiUNDS CARiUED bORWARD
233.255
238.083
The notes fomi pai'l of these finan¢ial staiements
Page 9

BARNET REUSE CENTRE LIMITED
BALANC£ SHEET
31 IVAY 202S
2025
Total
funds
2024
Total
funds
.Noies
FIXED ASSETS
Tangible assets
186
CURRENT ASSETS
Stocks
Debtors
Cash at bankand in hand
30,410
14,503
196,743
13
10,628
211,457
241.656
254.605
CREDITORS
Atllounts falling due within one y¢or
14
(8,5871
(16,824)
NET CURREf4T ASSETS
233,069
237.781
TOTAL ASSKTS LESS CURRETr4T
LIAIIILITIES
233,255
238,083
PIET ASSLI TS
233,255
238,083
FUNDS
Unrestrieted funds
16
233,255
238,083
TOTAL FUNDS
233,255
238,083
The ¢h8ritabl¢ company is entitled to exemptjon fi'on) audit linder Section 477 of the Compahies A¢1 2006
for the yearended 31 May 2025.
Tho membeTS hAve rtot required the company to nbtain an audit of its finanGiol ststemet)ts for the year endad
31 May 2025 in accordanee witb Section 476 of th¢ Companies Act 2006.
Th& trustees £cl<noivlediye th¢ir r¢sponsibilities for
(a) ensurimg that 11)e chaTltablc comp&ny k¢eps accounting i'¢cords that comply with Sections 386 and 387
of the Companies Act 2006 and
(b) preparing financial sl&teinents which give a true lld fair vieiv of the state of #ffairs of th¢ ¢haritabl¢
Gompany as at the eiid of each financial year and of itg sU￿]u* or deficit for eath financial year in
accordance with the requirement$ of Sections 394 and 395 and wht¢h othen¥ise comply with the
I'equirements of the Coinpanie5 A¢t 2006 I'elaling to flnancial statements, so far as applieable to the
¢hai'itable col￿partY.
The notes lorm part ofthe5e hnttncial staieinents
Pkge 10
¢Ofjliniied...

BABNET REI USE Yi TRE LIMI ITID
BALANCf SHEET- continued
31 IMAY 2025
Tliese fingncial slat¢wcnls hav¢ beeii prepared in ilccordance wilh Ihe provisions applicable to Charitable
¢ompallie5 siibjett tro the sinall comi)anies regime.
Tlie finaiicial slatcmenls ii'ci'c approved by the Board of TrLlStees and outhorised foi. issue oil
24 FebTliary 2026 #nd weie 5Agned on its bchalf by..
M B S41111t- Trustce
Tlie notes form part of these financial sia*menls
Page 11

BARNET REUSE CENTRLI LIMITED
NOTES TO THE FINANCKAL STATEIVIENTS
FOR THE YEAR ENDED 31 MAY 2025
ACtOUNTING POLICIES
BITrSi5 ofprepArin¥ the fin8n¢i&l statements
The fiiiancial statements of the charitable ¢onipany, wljich 1$ 8 public benefit entity under FRS 102,
have bcen prcpllred in accordance with the Cbarities SOF￿ {FRS 102) 'Accouutintr and Reporting by
CharitiÈs.' Statement ot. Recou]m¢uded PraGiioe gpplicable to chariiAes preparing their accounts in
accordance with the Financial Reporting Staudard Applicable in th¢ UK and Republic of Ireland (FRS
102) (effecttve l January 2019),. Finaheial Reporting Standard 102 The Financial Reporting Standard
llppli¢Able ill tlie UK and R¢public of Ireland, and the Companies A¢t 2006. The financial statements
have been piepar¢d undei- the hi5toric81 eost ¢onv¢ntion.
rncome
All incominry resources are included.in Ilie statement of finan¢ial activities wheh the charity is legally
entstled
lo the income And (lie amount can be quantified with reSLsonabl¢ accuracy. The following specifi
policies are applicd to parti¢ular categories of income..
Gifts donated for r¢$ale are included at valuation and recogttis¢d as income when they ￿'e sold.
Donated
facilitje5 ar¢ included at the value to the Charity where this call be quantified and a ¢I￿rd party is
bearing the
cost. Nu atnounts are included the fJnan¢ial statements for services donated byvolunteers.
DonAt¢d services or facililies. wl)ich comprise donated serviees, are incliid¢d in income At 8 valuation
whi¢h Is an ¢slimate of the finaneiJl cost bome by the donor where such a cost is qiiantifiable ond
m¢asurable.
Where incbrne is Teceived in advance of a specified service, Lt is deferred until the obarity 15 entitled
to that
iThcome.
Investmet>t incom¢ is included on an aceniab basis.
Jncominu Tesources from charitable tTading activities are aecounted foi. when ean)etl, and aiE stated
net of
Expendlture
Liabilities are recognised a5 expenditure as soon gs th¢ie is a legal oi. constructive oblillalion"
COnllniltin(T the chai'ity to that expenditLLre, it 15 pj'obable that a transfer of economic bettefLls will be
required in settl¢m¢nt and the ailloullt of tlie oblig81ion ¢an be measured reliably. Expenditure is
accounted for on all aocTuals basis and has b¢en classified under h¢adinss that aggregate all eost
'related to the category. Where costs callllot be directly attributed to parti¢ular headings they hav
beett alloeated to aotivities on a ba$18 congistent will) thè use of i'esources,
T&ng"ible fjxed ¥ssets
Depreciation is provided at the folloiviDg annivdl rat¢s iu order to ivrite off each asset OVeA' its
estimated Useful life.
FixtULes and fittitTrg5.
20/0 on Cost
Pag¢ 12
eontiThiied...

BARNET REUSE CENTRE LIMITED
NOTES TO THEI IflNANCIAL STATXL¥IEh'TS - contlnuL,d
FOR THE YEIAR ENDEID 31 fvIAY 202$
ACCOUNTING I>OLIL'IES- continue
I'allgiblL fixed Rssets
Motor v¢lii¢les
CoinpuleI' eqlLip￿tL1I
25 % uii cost
330/0 on cosi
Slock$
Sioclcs aye valued at ihe loiver gf cost and nct r¢alisable value, aftcr rn%lkillg due alloivancc lor
obsolete and slow Inoving items.
Thc chai'ily 15 CKeiMpt fi'ojn c(Trrporation tax on 115 cK2ritable aciivilies.
Fund ACCOUIltiMg
Uiireslrieted lunds can b¢ iised in accordanec with tlie ¢horilable objective.s at the discretion of Ihe
ti'uslees.
Rcslri¢tcd funds can only bc iiscd For pllrlicular restrictcd PLifp05es ivitliin Ihc objecis of Il)e chllrity.
Rc%lri¢tiong <2risc when spceilled by tlic donor oi. whcii fiinds al-e rc1i5cd lor partiGiilai' restricted
purpos¢s.
Further c.xplanation of the naiLifC aiid purpose of each fund is inclLided in tlie notes tts Ihc fin2ncial
s¢atcmeJils.
l.Ili'e PLlI'ch•15L Ind ILli Sinu commitincnls
Ilenla15 paid uiid¢r opei'ating Icases ui'e cht1r(red to tho Stotemeiit of Fiiiai)¢ial Aclivities oil a str&iEhl
linc basis over tlic period Df thc leas¢.
Pension costs aiid oihlbr post-rLtlrÈment bLnefits
Thc ch11 ritable eoRIpttiiy opci'1i les a defined ¢onli'ibiiEion pension 8¢heme. Conli'ibutlons payable to
tlie charitable coinpJny's pcnsion schcnic urc chai'ged to Ihc Statct])eiil of F-in41ncial ALtivitie5 Ill tlit
pÈi'iod io ivliicli they I'elatc.
iiJ]an£Èal insti'umcnt5
The company has elected lo apply Ilie provisions of S¢¢lioll I I 'Basi¢ Fillancial Instriimeiits, ot FRS
102 10 all of its tinunciul inslrumenls.
bini?ncial instttiinenl% nit rccognised in th¢ compa11￿S Balancc shcet ivlicii the company. be¢oin¢5
pariy to tlie conti'aciual pi'ovi5ions of the instriimeiit.
FiiiAnGitLI ass¢15 and liabiliiies ore-oflsct. willi Ilic nei an)oiinls pres¢nled in the fingnciul siatemenls,
when thei'e is a Icgally entorceable right to S¢t olTthe recogt)ised amoun15 and there is an intention to
seÉile on a nel basi5 or lo r¢alise tlie assei and settle Ihe liability simultaneously.
Basie linancidl assets. ivliich include trade and other debto¥s, cash and bank balances. atc inilially
ieasui'ed at Iheii. iransaction prsce (a(ljitsted foT tFPllSQ¢tion ¢osts except iii tlie initial nicasureinettt of
rinaiicial 5sels (hal al'e siibsequently mcoslired Gil fair value tlirougli profit and loss) aiid air
siibseqiieiitly eaii'ied &( tlicir amortised cost Usin￿ the effective iniei'est method, less any provision for
impairinent. Iinless the arrengtnienl constitirtes a financing tiansaction. wheie the transaction is
measuied at the piestnt value of thc fuliire re¢eip15 discounted at a market rate ofint¢re5t.
Page 13
continiled...

BARNLT REiISE CENTRE LIMrrED
NOTLI S TO THE FINANCIAL STATEMENTS- continued
FOR THE YELAR CNDIID 31 MAY 2025
ACCOUNTING POLICIES- eonttnved
FlnaTrciol instruments
DiscourttiILg 15 omitted wheye the effect of discounting is immaterial, The compan)Ps Cash and cash
equivalents, trade and most other debtors due with thc op¢ratints cycle f411 into tJiiÈ eate(rory of
firtth¢ial instNni¢nts,
Clussification of finan¢ial liabilities.. Financial liabilities wid equity instnunenls ire elassified
ftccording to the Substance of the eontractyal ai'k8ngem¢nls enteTed into. An equity instwment IS 8TIy
¢ontra¢t Ihul evidences a residual inkei'est in t￿e assets of the company aftei. the deduelion of &ll its
liabilities.
Basic financial liabilities, which include ttid¢ and other cleditors. bank loans and other loans are
ittltially rntasured at their transaction price (adjusting for Irausaction Costs excepl ill the Initial
measiirement of fiTkancial liabiltties that are subsequently measurcd at fail. v8lLie through profit and
loss). When this constitutes a financing liansactiott, wh¢reby the debt in5trumettt is m¢Asured at the
pre5¢nl Yalue of the future payments discounted at & mark¢t rate of interest, discountills is omitted
where the effect of discouuting 1$ immaterial.
D¢bt IDSttutnenls are subsequently carrted at their amortisEd Qost using the effective inierest rate
metbod.
Trade creditors are obligation5 to pay foi. goods and services that have b¢¢n acquired the ordinary
course of business fi'om suppli¢rs. Trade ci'editor5 are classified as CLirrent liabslities if the paytnent is
due within one year. If not, they represent non-current liabililies. Trade creditor5 are iniiiAIIy
re¢ogDiged at their Iransaction price attd subsequently are ]neasured at .amortised cost Usin￿ th
effectiv¢ inleregt method. Discounting is omitted where th.e effect of dtscounting is intinaterial..
CRITICAI ACCOUNTING ESTIMATES AND AREI AS OF JUDGEMENT
Bstimates and jLid¢mien¢s gre ¢tintinu￿IY evAliiated and are based on hi51oTi¢al experience and other
fa¢tor
jncludjnu expectations of future eve￿tS that believed to be Tetssottable uttder the ¢]rouDstartce8.
Critical aeeollnttng estimates assumpljons:
In the application of the oharity'$ ÈccountinrN policie3, which Are d¢s¢Tibed in note 2. the only key
stimate inade by the tnist¢¢$ is
The"valuation of donated stock:
Donated stook is cktegoristd into furniture types then valued It matttgement's be51 estimate of th¢
estimated salc5 pi'ice".
Page 14
continued.,.

BAIINET REUSE CENTRE LIiTrtlTED
h'OT£I S TO THE fiyi ANCIAL STATE￿IENTs - continiied
FOR THE YEAR ENDED 31 MAY 2025
DOINATIONI S ANI D LEGACIES
2025
2024
Doiialioiis
DoJJoted stock
22.235
219,169
18,823
222,065
241,404
240,888
OTHER TRADING AC'fivITIES
2025
2024
Sales piiblic fiiimiture
232,4¥3
215,236
RAISIING I,"UNDS
RAi51ng donsltions And ILgaelLIS
2025
2024
Expenditiire on riising volLiniary income
221,279
208,905
CklARII'ABLL AC'fivii'iE% COSTS
Direct
Costs Isc
iioie 7)
Charitable aclLVitLCS
257,436
Pnuc 15
oiitiniied...

BAIiNLT REUSE CENTRE LIMITED
NOTEI S TO"YHE FINANCIAL STATEMENTS - contSnued
FOR THE YEAR ENDED 31 MAY 2025
DIREcf COSTS OF CHARITABLE ACTIVITIES
2025
2024
Staff costs
Equipment leasing
Water rates
lllsurallce
Telephone
Adveriising
Sundries
Rent and rates
Extra storage
Rubbish disposal
Energy
Mtttor expenses
Travel aD4 enl¢rlainmcnt
Office costs
Volullleer exp¢ns¢s
Accountancy and bookkeeping
Repain a￿d renewals
Cleaning and hygietLe
S/Iine ch21.ges
Subs¢iiptioA
Training
IT software
Casual labour
Depreeiation
Loss on sale of 8sset5
179,971
170,213
225
(714)
5,948
1.074
(66}
439
45.956
1,500
586
2.546
7.603
447
4,223
605
7215
763
1,653
6.032
533
45,992
1,500
615
(3,443)
4,063
639
3,509
682
7,299
2,165
2,690
40
44
249
178
493
1.414
220
675
17.000}
116
257,436
248.938
NET INCOMEI{EXPENDITURE)
Net ill¢omel(exptnditure) is stated after charging{crediting):
2025
2024
'Depre¢iation- owned 855¢ts
Hire ofplanl and machinery
Surplus on disposol of Èixed assets
116
675
225
(7,000)
PAge 1.6
conliniied...

BARNET REUSE CENTRE LIIMITED
NOTES I'O THC Flh'ANCJAL STATEI MEI Nfs- continued
bOR'fHE YEAR ENDED 31 MAY 2025
TRUSTEES, REMUYiERATION' AND BELl￿FITS
Their wei'e no Irusièes, r￿]llIn¢1'AllOlI or othei. bcncfils for the year cndcd 31 May 20?5 noi. for tli¢
yeAI ended 31 May 2024.
Trustees, Lxpenses
There wci'c no trii$tees' expcnses paid lor the year ¢nded 31 May 2025 iior for the yeai. ended
31 May 2024.
10. Sl'Af%F COSTS
2025
2024
Wages and salaries
So¢ial security cosls
Otliei pcnsitsn costs
165.83Z
9.653
4,486
157,878
8,062
4,273
179,971
170,213
The average nionthly iiun)bei' ol-employcc5 dLiiing the year ivas as follows..
2025
2024
L.i))ployees
No cJliploy¢e% rcccived el￿OIU1￿tllts iri excess of £60,000.
11. TANGIBLE FIXEI D EkSSETS
IXILII
Motor
vcl)ielc5
CoinpLltei'
quipinent
rilting5
Totals
cos'r
At l Jiinc 2024 llnd Jl May 2025
26,290
S,889
DEPRECIATIOIN
Al l Junc 2024
Charge lui. Ye￿￿T
26,290
5,587
116
33,788
At 31 May 2025
26,290
5.703
33,904
'ET BOOK VALUE
At 31 M¥Ly 2025
186
1¥6
At 31 May 2024
302
Pttge 17
coniinue(l...

BARNET REUSE CENTRE LIMITED
NOTEI S TO THE fiNANCIAL STATEI D4tENTS- coThtlRued
FOR THE YEI AR ENDED 31 MAY 2025
12. STOCKS
2025
2024
Siockg
30,410
32,520
13. DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
2025
2024
Trade debtors
Other d¢btors
VAT
Prep.aymettts attdaccnied illcowe
4,354
1,668
1,825
1,369
190
7,244
8,481
14,5(fr3
10,628
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YJIAR
2025
2024
Trade ¢reditor5
Social security and other taxes
4.552
2,033
2,228
53
VAT
Other creditors
Accruals and deferTed income
1,365
8,874
2,581
16,824
15. LEASINGAGREEMENTS
MihimurA least paymcnts under non4ancellable operating leases foll due os follows:
2925
2024
Within on¢ yettr
Bettyeen one and five y¢ar8
24,510
42,000
24.510
24,S lo
66.510
The Tn￿lee5 believe the PTemises havè been i'epaired and rnaitttained in SLLffi¢iBJJt decorattve I)rd￿ to
meet the reouiremellts of lh¢ lease.
Page 18
coiitlllLied...

BARNL ET REUSE TRE LIMITED
NOTEI S TO THf FINANCIAL STATIMEN'TS - conllTrued
FOR THE I'EARENDED 31 MAY 2025
16.
hqOV£MENT INI FUINDS
Nci
movcrncni
in flind5
At 1.6.24
31.5.25
Un2'estrlcted funds
Gcneral fuiid
238,083
(4,8281
233,255
TOTAL FUNDS
2J8,083
(4.828)
233.255
Net inovEment in fiinds, IDcludcd in the above are as follows..
IncoIlling
resoiirces
liesoiirces
expended
Movcmcnt
in funds
Unrosti'ietL¥d funds
Genei'al lund
473,887
1478,7151
14,828)
TO'fAL FUINDS
473,887
1478.715}
(4,828)
ComparatlVL'5 for TlloyemeIit In fuijds
Net
moveincnl
in l(Iiids
At
At 1.6.23
Unr¢s11'itted fundg
General fund
239,8ts2
(1,719)
238,083
TOTAL FUNDS
239.802
(1,719)
238,083
Coinparalive i)et inovemcnl in Iiind%, inLliiil¢d in tl)c llbov¢ arc as tollows..
Ineoming
rlsourees
Resourccs
eKpended
Movement
in funds
Unr¥sti'Écted funds
Geiici'al lund
456,124
1457,8431
{1,7191
TOTAL fi UNDS
456.124
1457,843)
(1,7191
Pkg¢ 19
conlinLied...

BARNET REUSE CENTRE LIMITED
NOTES TO THE FINANCIAL STATEfiiii NTS- continiied
FOR THE YEAR ENDEI D 31 MAY 2025
16. MOVEMENT IN FUNDS- eontSnued
A ¢urrent year 12 month5 and prior year 12 months ¢ombin¢d position 15 8$ lollow$'.
Net
movemeDt
In fund5
At L.6,23
31.5.25
Unrestricted funds
General fund
239,802
(6,547)
233,255
TOTAL FUNDS
239,802
(6,547)
233255
A Cl￿ent year 12 months and prior year 12 months ¢ombin¢d net mov¢m¢nt in fiinds, incliid¢d in the
above.are as follows..
tncotning
resour¢es
kesouwes
expended
Movement
Unr¢51ricted fund5
GenerAI fund
930,011
(936,558)
(6,547)
TOTAL FUNDS
93Q,01 I
j936,55S)
(6,547)
17. TrIPLOYEE BENEFIT OBLIGATIONS
The charity operates a dEfined contributions pension s¢heme. The assets of the scheme are held
sepatalcly.from those of the chaiity itL an ind¢pendenily administeLed fi2nd. The pension cost chatge
represents oonti'ibutions payable by the charity to the fund and amount¢d to £4,486 (2024.. £4,273).
18. RELATED PARTY DISCLOSURES
There w.ere no related party transactions for the'year ended 31 May 2025.
'Pag¢ 20
ontiniied..-

BARNET REUSE CINTRE LItfflTED
L'OTES TO THC FIII'ANCIAL STA T£1 MENTS- eontlnued
TrOR THE YEAR EINDED 31 MAY 2025
19. ULTIMATE CONfROLLING PARTY
Thc Trustees Al'e the inimediale and iiliimate ¢onli'olling pllrty.
Page21