Company registration number. 07877609
Charty registration number. 1146877
Devon and Cornwall Furniture Reuse Project
IA company limited by guarantee)
Annual Report and Fin8ncial St8lement8
for the Year Ended 31 Deoembgr 2023
WESTCOTTS
CHAP75AEP A¢COVWTAIIT
4 •U8IWE85 AO¥I¥EP

Devon and Cornwall Furniture Reuse Project
Contents
Trustees. Report
2105
Indewndènt Examin6rfs Report
Slalement of Financial Activrtles
Balanc8 Sheet
Notes to the Finandal StstÈmènts
9t019

Devon and Cornwall Furniture Reus• Project
Reference and Administratlve Details
Trustees
A Turner
CMButt
R Symons
P E Sc8nlan
P J Pearce
N Toms
N Tom8
S•crotary
Ch•rlty R•g5¥tr•tlon Numbèr
1146877
Company R•glstr&tlon Number 07877609
Th8 charity IB incorporated in England and Wales.
97 Union Street
Slonehou88
Ptymouth
Devon
PL1 3NB
Registgred Office
Indfrpendent Examlnor
We8lcotts ISWI LLP
Plym House
3 Longbridge Road
Marsh Mills
Ptymoulh
Devon
PL6 8LT
Page 1

Devon and Cornwall Furniture Reuse Project
Trustees, Report
The Iruslees present their report and financial statemènts for the year ended 31 December 2023.
The financial statem&n18 have been prepared In accordance wrth the accounting polici6s sel out in
note 1 to th8 financial slalemenls and comply wtih the char'ws Momorandum and Articles of
Association, tha Companies Acl 2006 and Accounting and Reporting by Charities.. Statement ol
Recommended Practice apPI￿able to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of I￿land (FRS 1021 {88 8m8nded for
accounting periods commencing from 1 January 20161"
Objectlvgs and ActlvttS88
The main aim of our charity is lo help people in our communities who are experiencing severe povety
or are in danger of going into poverty or are experiencing difficum times. We help around 900 people
year.
Unfortunately, the need for our service has increased lo $u¢h a ￿Ve1 that we cannot keep up wrth
d•mand. The Cosl-of Living Crisi8 has meant that rnore and more families and individu81s are going
wilhoul food, and 1 in 2 families are wthoul an essential while good, and 1 in 3 familie8 are deslrtute.
Never before have we $aèn parents asking for food for their children on social media. We are
receiving requests for holp from people who would never have imagined needing help just 3 or 4
years ago. The stress ol nol being able lo afford oven the basics, or having lo choose whether lo buy
food or pay bills is fracturing families, wrf(h some sadly beyond repalr.
Speaking lo people in our communities, we have discovergd that being in pov&rty is not just
something people on ksw incomes 8re faced with. Almost everyone we meet arè expenencing
financial difficutties and would not be able lo replace an essential item in their home rf r( were lo break
down.
There are many reasons why people need our help. People may be moving into a property because
they are fleeing domestic violence. b8CaU8e they are currently homeles5, bging released and
re-homed from mental health care facilrtie$, hospitals or prison, or because they are seeking asylum.
We help communrties by helping those who in the community that maller the most - the vulnerable
8nd th8 often forgollen. We do this best by working in partnership wf(h other organisation8 such 89
The Homeless Unil, BCHA, Social se￿ice8, Children's Services, Community Groups. Refugee
Groups. Drugs and Alcohol Rehabilitatron Groups, AGE UK, Social Landlords, Ex Sorvice Personnel,
and others. All these organisalions refer people whc* need support lo the project. and w8 have an
OP8n-door policy for those who need assistance to visit th8 project. Amongst other activrtie8, we
supply free of charye furniture and olhor btems. We 8150 offer discounted, affordable item5 to 811
customers, particularly lo disadvantaged member5 of the community. Around 80% of our stock 1$
given free of charge lo those in need.
The number of organisalionslcharilies relerring people in need to us has increased and in fact we are
working wrth charities fijrther afield, Iravelling further than we ever have in the past. Also, the number
of p80ple contacting the charity of their own accord has increased. Although we are happy that more
peopkg know who we are and how we can help, it is very distressing that so many people need help.
We are helping people who have tried to access other Serv￿8$ bul have been turned down for help
due lo limf(ed resources.
We also have many more organi581ions who signpost Pgoplg lo our charity and vice versa. 11 has
been very useful indeed in helping people gel the help they need as soon as possible. During the year
we worked in partnership with Sovereign Network Group who purchased househo￿ essenti818 from
our charity and which we delivgred lo their residents.
Page 2

Devon and Comwall Furnlture Reuse Project
Tru8ts95' Report
During the year we launched sche￿8 such as Packages of PositNily and SuNiving Winter. The
hemes catered for anyone who needed essential items. Each box had everything a person needs to
help them be9in their new lives from hoovers, kettles, toasters as well as Cutlery and new bedding
P8cks including pillows, duvet elc. People could also have a microwave. dehumidifier, healed clothes
airers and other (tems. We also included a cleaning box. a solf-hygiene box and a baby box if needed.
If children wère involved, we would put a box of things just for them together which included new
pyi'amas. a new toy, a new book, a new blanket, and their own toothbrush elc. We provided adults
th heated blankets. dressing gown5, gloves and 8carfs. These schemes were incredibly popular and
Sorely needed and helped 50 many people.
We also help childrenlyoung people who have.aged out of care.. Wh8n they are moved into their own
properties or shared housing, they h8ve absolutew nothing. Having to manage on your own is
daunting and Stressful bul having lo do so when comino out of a care environment and not knowing
what help or support you gel Is even more dKficult.
Th• prolecl collects unw8nted fvmilure, washing machines, cookers and other household i(em8 which
are taken back lo the project te be cleaned and refurbished and offered lo families, groups or
individuals at affordable pricès or for free. We are now also collecting smaller items such as dinner
8els which are clean8d and then pul In our free of ch8rge Welcome Home Room.
We 8re being more active on social media and are no longer afraid of letting peop￿ know exactly how
wg help and how many people we help.
We review our aim5, objectives. and aclivjlie8 8t least once each year to look al what has been
achieved Sn the previous year. The charty refers lo the guidance contoined in the Charity
Commissions general guidance on public bgnefil when ffjviewing it8 aim8 and objectives and in
planning future activities. The twsle88 consider how planned activities ¢onlribule to the aims and
objgdives sel.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what
activities the charity should undertake.
Financial rnvlow
The results lor the year are 5h¢)wn in the slal8menl of financial activities and sh¢)w nel in¢omlng
resources for the year of 2023.
Whilst the Trustees are pleased to report that the charty has revenug remaining. funding18 becoming
much harder to gain. especially for help with core costs. Foolf811 into the charity has improved slightly
bul with our core costs increasing il is becomin9 more difficull to cover all oui costs.
Polley on reseThes
The charity has made a small Sufplus in the year. Finances continue lo be a ch811enge, bul through
careful rnanagem8nl and cost control we plan to build on our rg$ervg$ to ensure that in the event of a
loss of income sufficient reserves are held to enable the charity to seek additional funding sources.
The Charity aims to hold a reserve 013 months operating costs and some progress has been made in
the year in working l¢)wards this.
Investmentpollcy and obJectlves
The trustees regularly review the cash levels held by the charty and need lo maintain acces5 to fvnds
to operate. Any 8ignificanl surplus funds will be placed in an interesl-bearing deposrt account when
appropriate.
Page 3

Devon and Cornwall Furniture Reuse Project
Trustees. Report
Golng concern
The Iruslees havè assessed the major risks lo which ltte eharty is exposed and are satisfied that
systems are in place lo mitigate exposure to the major risks.
We aro confident that we can continug for tho nexl 12 months.
Structure. governance and managemont
Natur• of govemlng document
The charity 18 a company limrted by guarantee and not having a share caprtal. In the èvent of
winding up, reglslered members are liable to ¢ontribule a sum not exceeding EIO per member
toward5 the debt5 and liabilities of the charity and the cos15 and expenses of winding up.
The trustees. who ar• also the dir8Ctor8 for th8 purpose of company law, and who seNed during the
ar and up lo the date of signature of the financial $latemènls were..
Robert Symons
Alison Turner
P8uI Scanlan
Christopher Butt
N¢ill Toms
Peter Pearc
Dl8clo8uro
Since the year end of our account (December 20221 we have all b6en impacted by the c08t-of-living
crisis. 11 15 increasingly hard lo cover core costs al the end of each month and whilst we have securgd
gran18 for the variou8 scheme¥ we run, wnnlng gran18 for core costs is almost impossible.
Howévèr, wllh the help of funding we m8naged lo help more paople than even we thought possible by
working as 8 team, working closely wth other Organisat￿n$ and ¢harilies, and doing 80 safely.
Page 4

Devon and Comwall Furnlture Reuse Project
Trustees, Report
Statement of trustees. responslbllltle8
The trustees (who afe also the directors of Deven and Cornwall Furniture Reuse Prolect for the
purposes of company lawl are responsible for preparing the Iruslees. report and the financial
8talemenls in accordance w(Éh applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepl¢d Accounting Practice), including FRS 102 'The Financial Reporting
standard applicable in the UK and Republic Df Ireland" Thè report and accounts have beeh prepared
in accordance with the provisions in Ihe Companies Act 2006 relating lo small companies.
Company law require5 the Iru$tee$ to prepare financial slalements for each fi'nancial year. Under
ompany law the Iruslees musl not approve the financial slalemenls unl8SS they are satisfied that
they give 8 true and fair view of the slate of affairs of the charitable company and of the incoming
r8sourees and application of resources, including ils income and expendbture, of the charitable
company for that period. In preparing these financial slalements, the tru8tees are required to..
select suf(8ble accounting policies 8nd apply them consislenlty,,
observe the method5 and principles in the Charllies SORP.,
make judgements and eslimales that are reasonable and piudenl,.
state whether applicable accounting standards, comprising FRS 102 have been followed, subJ'eGI
to any material departure8 dlsclosed 8nd explained in the financial 3lalemenl6,' 8nd
prepare the financial slalemenls on the going concern basis unles8 rt is inappropriate to presume
that the charitable company will contsnue in business.
The trustees are responsible for keeping proper accounting record5 that can discloso w￿h wasonabl8
accuracy al any lime th8 financial position of th¢ charitable eompany and enable them lo ensure that
the financial statements comply with tho Companies Act 2006. They are also re¥pgn$ible for
safeguarding the assets of the chari18ble company and hance for taking reasonable slep$ for the
prevention and dele¢tion of fraud and other irregularbties.
The tfU5tee$ arè responsible for the maintenancg ènd Integrty of the corporate 8nig financial
information included on the charitable company's website. Lègislation goveming tho propar81ion and
dis8eminalion of finan¢ig1 statements may differ from legislation in other iurisdiclions.
8m•ll companh• provlglon statement
This report has been prepared in aecordance wlth the small compan￿5 regime under thè Companies
Act 2006.
The annual roport was approved by the trus1oe$ of thè eharty on 24..1.71.2* and signed on il¥
behalf by..
A Tumer
Trustee
Page 5

Devon and Comwall Furniture Reuse Project
Independent Examiner's Report to the trustees of Devon and Comwall
Furniture Reuse Project ('the Company'l
I report to the charty Iruslees on my examination of the accounts of the Company for the year ended
31 December 2023.
Rosponsibillties and basis of report
As the charty's trustees of the Companylond also (ts directors for tha purpo8e8 of company law} you
are rèsponsible for the preparation of the accounts In accordance with the requirements of the
Companigs AGI 20C61'the 2006 Act'l.
Having satisfied myself that the accounts of the Company are not required lo be audited under Part
16 of the 2006 Act and are eligible for indepgndenl examination, I report in respect of my exarninalion
of your charty'8 accounts as carried out under section 145 of the Ch8rill8s Act 2011 1'th& 2011 Acl'l.
In carrying out my exarninalion I have followed the Direcli)ns given by the Charity Commission under
section 14515llbl of tho 2011 Act.
Independent exomlrt•r'8 8tat8mènt
I have compleled my exgminalion. l ¢onfirm that no matters have come lo my attention in connection
with the examlnalion giving me cause lo balieve..
1. 8ecounting record8 were not kept in respect of Devon and ComwAII Furnllure Reuse Prolect as
r¢quired by section 386 of the 2006 Act,. or
2. the accounts do not accord with those records., or
3. the accounts do not comply wrth the accounting fequifgments of seCt￿n 396 of the 2006 Act
other Ihan any requirement that the o¢counls give a 'lrue and fair view. which 18 not a maller
considered as part ol an independent examination., or
4. the accounts have not bean prepared in accord8nce with the methods and principl88 ol the
Sialemenl of Re¢omm$ndèd Practice for accounting and reporting by charitie5 lapplicable lo
charities preparing their accounts in 8ccordance with the Financial Reporting Sland8rd
applicable in the UK and Republic ol Ireland IFRS 10211.
I have no concerns and have come a¢ros$ no other matters In connection wrth the examination lo
which attention should be drawn in this report in ordèr lo enable a proper understanding of tho
accounts lo be reached.
Matthew Keane ACCA
Association ol Chartered Certified Accountants
Westcotts ISWI LLP
Ptym House
3 Longbridge Road
Marsh Mills
Ptymoulh
Devon
PL6 8LT
Date..
2.<..1...7/2k
Page 6

Devon and Cornwall Furniture Reuse Project
statement of Financial Activities for the Year Ended 31 December 2023
{Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Unrèstrlcted
funds
Restrlcted
funds
Total
2023
Totsl
2022
Not•
Income and Endowments from:
Donations and legacie8
Investment income
133.880
215
40,904
174,784
215
153.900
Total income
134,095
40.904
174,999
153.900
Expondlture on:
Charitable actfvities
(135,122
66,5561
201,678
176,070
Total expenditure
Nel •xpondhura
135,122
166,5561
201.678
176,070
1.027
125,6521
126.679
22,170
Net movement in funds
11.027}
125,652)
126,6791
122,1701
Ro¢on¢lllatlon of fund•
Total fund$ brought forw8rd
26.188
33,216
59,404
32,725
81,574
Totsl funds carried forward 15
25.161
59,404
All of the charity'& activities derive from ¢ontinulng operalk)n8 during the above two perl)ds.
The funds br&akdown for 2022 IB shown in note 15.
The notes on pages 9 to 19 form an integral part of these financial statements.
Page 7

Devon and Comwall Furniture Reuse Project
(Registration number: 07877609)
Balance Sheet as at 31 December 2023
2023
2022
Note
FSxèd a8s•ts
Tangible assets
Current assets
Debtors
Cash at bank and in hand
11
24,133
28,132
12
12,310
18.600
12.427
43,268
30,910
55.695
Crodltors: Amounts falllng duo wlthln on• year
13
5,142
Net current assfjts
25,364
50.553
Total assets less current Il•bllttl
49,497
78,885
Crgdltors: Amounts fjlllng due after MO￿ than one ymr 14
Net a*sots
16,772
19,281
32,725
59,404
Fund8 of the charfty:
Rostrlcted Income funds
Reslricled funds
7,564
33,216
Unre8trlcted Incomè lund8
Unreslricled funds
25,161
26.188
Total fund8
15
32,725
59,404
For the financial year endlng 31 December 2023 the tharity wgs ent(tled to exemption from 8udit
under section 477 of the Companies Act 2006 relating lo small companies,
Dire¢lors' respon8ibilrtios..
Thg members have not required thg charity lo obtain An audit ol its a¢counl3 for the year in
question in accordance with section 476,. and
The dIr￿lorS aekn¢wledg6 their responslbilrties for complying with the requirements ol the Act with
respect to 8ccounting records and the prgp8ration of acGounls.
• financial slalemenls on pages 7 10 19 were approved by the trustees, and authorised for is$u8 on
A Turner
Twstee
The note5 on pages 9 to 19 form 8n integral part of these financial statements.
Page 8

Devon and Cornwall Furniture Reuse Project
Notes to the Financial Ststements for the Year Ended 31 December 2023
1 Charity status
The charity is limf(ed by guarantee. in¢orporaled in England and wa￿8. and Consequent￿ does not
have share captsl. Each of the Iruslees 1$ liable to contribute an amount not exceeding £1 towards
the assets of the charity in the event of liquidation.
The oddr8ss of tts reglstered office 1$..
97 Union Streel
Slonehouse
Plymouth
Devon
PL1 3NB
2 Accountlng pollcle•
ststement of compllance
The financlal statement¥ have been prepared in aGGordance wlth Accounting and Reporting by
CharTrties.' Slalemenl of Recommended Practice lapplicablo lo chanties preparing their accounts in
8ccordance wrth the Fin8ncial Reporting Standard applicable in the UK and Républic cf Ireland IFRS
10211 (issued in October 20191 (Charities SORP IFRS 10211, the Financial Reporting Slèndard
applicable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006.
8asl8 of preparatlon
Devon and Comwall Furniture Reuse Proj¢ct meets the definition of a public benefit enlily under FRS
102. A5se15 and liabilities are initially recognised al historical cost or transaction value unless
otherwise Staled in the r8levant accounting policy notes.
Golng concorn
The Iru$l¢as consider that there are no m8t8rial uncertainlie8 about the charity's ability to coftlinue a$
a going ¢on¢grn nor any significant areas of uncertainly that affect the carrying value of assets hekl by
the charity.
Ex•mptlon from preparlng a cash flow statomfrnt
The charity opted to earty adopt Bulletin 1 published on 2 February 2016 and have therefore not
included a cash flow ststsmenl in these financial slalements.
Page 9

Devon and Cornwall Furniture Reuse Project
Notes to the Flnancial Statements for the Year Ended 31 Decembor 2023
Income and •ndowm8nts
All incoming resources are iftduded in the stslement of financial activities when entrtlemenl ha8
passed to the ¢harily', il is probable that the economic benefits associated wf(h the transaction wll flow
to the charty and the 8mounl c&n be reliably measufed. The following specrfic poliC￿S arg appli8d to
partScular categories of income..
• income from donations or grants is recognised when there is 8vidence of entillemenl lo the grft,
receipt is probable and ils amount can bé measurèd reliably.
legacy Ineom8 18 fecognised when receipt 18 probable and enliilemenl 1$ e$lablish6d.
• income from donated goods is mea8ur8d al the falf valv8 of the goods unless this is impractical to
measure reliably, in which case the value is denved from the cost to the donor or the estimated resale
value. Donated facilities and services are recognised in the account8 when received if the value can
be reliably measured. No amounts are included for the ¢¢nlribullon of general volunteers.
Incom8 from ¢onlracl$ for the supply of 8ervices is recognised with the delivery of the contracted
service. This is classified as unrestricted funds unless there is a conlraclual requirgmenl for il lo be
8penl on a partKular purpos• and relLbm8d rf unspent, in which case il may be reg8rded as restricted.
Investment Income
Divid8nd$ arg recognisèd oncè the dividend has been declared 8nd notification h88 been reGeiv¢d of
the dividend due.
Expgndlture
Expenditure 18 recognised on an accruals basi5 a5 a liability 1$ incurrèd. Expèndllure Include8 any
VAT which cannot be fully recovered, and is cl8ssili8d under headings of the slalemenl of financia1
aGtivilig$ to which il rglale8'.
expenditure on raising funds includes the cost8 of 811 fundraising aclivilies, even18, non-charilable
trading aclivrti88. and the sale of donated g¢xsds.
expenditure on charitable 8etivilies includes all costs incurred by a charity in undertaking activities
that further ils charitable aims for the benefit of ils bèneficiaries, including those support costs and
costs relating lo the governance of the charty aPpOrt￿ned lo chari18ble activities.
other oxpgndilure includes all expendlture that 18 neither related to raising funds lor the charity nor
part of its expenditure on ¢haritable activities.
All costs are allocated to expendrture c8legories reflecting the use of the resource. Direct costs
attributable to a single aclivty are allocated directly lo that activity. Shared costs 8re apportioned
between the activities théy contribute to on a reasonable, justrfiable and consistent basis.
Charttable actlvltlos
Charrtable expenditure comprises those ¢o$ls incurred by the charty In the delivery of ils a¢tivilies
and services for ils beneficiaries. 11 includes both costs that can be allocated directly lo such activities
and those costs of an indiiecl nature necessary to support Ihern.
Page 10

Devon and Cornwall Furniture Reuse Project
Notes to the Flnancial Statements for the Year Ended 31 December 2023
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis
consistent wf(h the use of resources, for example. allocating property costs by floor araas, or per
capit8, staff co818 by the lime 5p8nt and other c08ts by their usage.
Tanglbl8 Ilxod assets
Tangible assets are Initial￿ recorded al c081, and subsequenlty stated at cost less any accumulated
depreciation and impairmenl10s8es. Any tangible assets carried at revalued amounts are recorded at
the fair value at the dale of revaluation less any subsèquent accumulated depreci8tion and
8ub8equ8nt accumulated impairment1088es.
An increase in th& carrying amount of an asset as a result of a r8valualion, is recognised in other
r¢eognised gains and losses, unless it reverses a charge for impainnenl that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as o resutt of revaluation. is recognlsed in other recognised gains 8nd 1088eS,
except lo which il offsets any previous revaluation gain. in which case the loss is shown within other
recognised gains and losse8 on the statement of financial aclivilies.
Depreclatlon and •mortl$atlon
Depreeiation is calculated so 88 to write off the co81 or valuation of an as881, less its residual v8lue,
ov8r the usefvl economic life of that a88el a8 follows..
Aosol clas•
Motor vehicles
Computer equipment
Dèprèclatlon mèthod and rate
10Qh slraighl line
150k 8lr8ighl line
Cash and cash oqulvalents
Cash and cash aquivalenls comprise cash on hand and call deposits, and other 8hort-l•rn highly
liquid investments that are readily eonvertible to a known amount of cash and are 8ubi8Ct to an
insignrficanl risk of chang& in value.
Fund •tructure
Unrestricted funds are available for use al tho discretion of the Irusl•ès lo further any of the ch8rtys
purposes.
De8i9nat8d funds are unrestricted funds earmarked by thé Irusl868 for particular fvlur8 project or
commitment.
Reslricled funds are subjected to restrictions on their expenditure declared by the donor or through
the lems of an appeal and fall into one of ￿ sub-¢Ias$ès'. restricted ineome funds or endowment
lund$.
Page11

Devon and Cornwall Furniture Reuse Proj•ct
Notes to the Financlal Statements for the Year Ended 31 December 2023
Pensions and oth•r post retirement obligations
Contributions to defined contribution plans are recognised 88 an expense in the period in which the
related service 1$ provided. Prepaid contributions are recognised as an asset lo the extent th81 the
Prepayment wll188d to a reduction in future payments or o ¢ash refund.
When contributions are not expected lo be settled wholly wf(hin 12 months of the end of the roporting
dale in which the emph)yèes render the related seNice, tha liabilty is measured on a discounted
present value basis. The unwinding of the discount is recogn￿ed as an expense in the period in which
arises.
Flnanclal instrumènts
Recognltlon and measurnment
A financial as￿1 or 8 financi81 Ilabillly Is recognised only when the ch8rily becomgs a paty to the
contractual provislons of the in8lTumenl,
Basie flnandal Inslrumènls aw initially recognised at the amounl receivable or payable including any
rnlated transaction cost8.
Current assets and ¢urrenl liabilllies are subsequently me88ured al the cash or other consideration
expected lo be paid or recoived and not discounted.
Débt inslrumenl8 are subsequently measured at amortised cost.
Page 12

Dovon and Comwall Furnlture Reuse Project
Notss to the Financial Ststements for the Year Ended 31 Docambor 2023
3 Income from donatlons and legacies
Unrestricted
funds
General
Restrlcted
funds
Total
2023
Donations and legacies..
Other income
Grant Income
Charrtable Iradlng actSwtv&s {primarily donated
goods
17,868
6,888
31.774
9,130
49.842
16,018
109.124
109,124
133,880
40,904
174,784
Unrestrlctgd
lunds
G•noral
Restrlcted
fundo
Total
2022
Donations and legacies.,
Other income
Grant incom6
Ch8rilable trading aGlivilies (primarily donated
goods)
7,793
28,070
7,793
60,646
32,576
85,461
121.324
32,576
153,900
4 Invo•tmeDI Incomo
Unrestrlcted
funds
Gèneral
Total
2023
Interest receivable and similar income,,
Interest receivable on bank d•po$it$
215
215
215
215
Page 13

Devon and Comwall Furniture Reuse Project
Notes to the Flnancial Statsments for the Year Ended 31 December 2023
O Exp8ndituro on charitable actlvltles
Unrestrlcted
funds
Ggneral
Reytrlcted
funds
Total
2023
Total
2022
Charitable tradlng acti￿lieS
staff costs
Allocated Support costs
50,214
76.070
8,838
65,665
115,879
76.070
9,729
113,696
53,905
6,469
176.070
891
135,122
66,556
201.678
Actlvlty
undertaken
dlr•ctty
Actlvlty
support
colts
2023
Charitable trading 8Ctivilie$
191,949
9,729
201,678
Activity
undertaken
dlroctty
Activity
support
costs
2022
Charitable Iladlng activrties
167,601
8,469
176,070
6 AD•lysls of support Go•ts
Support co$ts •110¢4tod to ¢harltsbh actlvltl•8
Total
2023
Total
2022
A¢¢ounlancy fees
Legal and professional
Depreciation
4,100
1.198
4,431
3,000
1,103
4,366
9.729
8,469
Page 14

Devon and Cornwall Furniture Reuse Project
Notes to tho Financial Statements for the Year Ended 31 December 2023
7 Not Incomlngloutgoing rosourcgs
Nel outgoing resources for the year include..
2023
2022
Depwwtion of f￿ad a88ets
4,431
4.366
8 Trujteeg remuneratlon and expenses
No tnjslees, nor any persons connected with them. have receNed any rgmuneration from the ch8rty
during the year.
No trustees have received any Telnibursed expenses QT any other benefits from the chanty during the
9 Staff colts
The aggr8gate payrnll costs wer8 as follow8..
2023
2022
Staff co$t$ dudng the yearwere:
Wages and salaiie$
Pension co818
73.224
2.846
51,678
2,227
76.070
53,905
The monthly aver8ge number of persons (including senior manoggment I leadership team) 8mpk•yed
by the ch8rily during the year expressed as full lime equivalents was as lollows..
2023
No
2022
No
Number of staff
No employee received employee benelbts of more than £60,000 during the year12022'. Nil).
10 Independenl examlnorfs romunoratlon
2023
2022
Othor fg9S to gxaminorn
The examining of accounts of any a880ciate of the charty
All other services
1,850
1,250
3,100
1,800
1.200
3.000
Page 15

Devon and Cornwall Furnlture R?u8e Project
Notss to the Financial Statsmants for the Year Ended 31 December 2023
11 Tanglble fixed assats
Furniture
and
oqulpment
Motor
vehi¢108
Total
Cost
Al 1 January 2023
Additlons
6,573
431
34,500
41,073
431
At 310ecember 2023
7,004
34.500
41,504
Dopreclatlon
At 1 January 2023
Charge fof Ihfr year
Al 31 December2023
3.218
980
9,723
3.450
12,941
4,430
4,198
13,173
17.371
Net book valu•
Al 31 December 2023
2,806
21,327
24.133
Al 31 December 2022
3.355
24,777
28,132
12 Debtorn
2023
2022
Trad¢ debtors
Other debtors
100
12,327
12,427
12.310
12.310
13 Credltors: •mounts falllng due wlthln one year
2023
2022
Other creditors
Accruals
1,866
3,680
5.546
2,142
3,000
5,142
14 Credltor•: amounts falling due after one year
2023
2022
Bank loans
18,772
19,281
Page 16

Devon and Cornwall Fumiture Reuse Project
Notes to the Financial Ststsmenls for the Year Ended 31 December 2023
15 Fund$
Balance at 1
January
2023
Balance at
31 Decomber
2023
Incomlng
resources
Resources
expended
Unrestrfct•d funds
General
Gener81 Funds
1.188
134,095
{135,122}
161
Deslgnotgd
Future Sustsinability Fund
Total unrestrlcted funds
25,000
25,000
26,188
134.095
1135,122
25,161
Rostrlcted fund8
New Van
Wamier Home 4U
Welcome Home
Spring Home
Survlwng Winter
Rank Foundation
7,122
21,904
4,190
18911
129,223)
112,339)
19,973)
Is.000}
9.130
6,231
333
1,000
7,652
9,149
9.973
5,000
9,130
33,216
66.556
7.564
Total funds
59,404
174,999
201,678
32.725
Page 17

Devon and Cornwall Furnlture Reuse Project
Notes to the Financial Statements for the Year Ended 31 D•comber 2023
Balance at 1
January
2022
Balance at
31 Dècember
2022
Incoming
resources
Rèsources
expended
Unre¥trlcted funds
Goneral
General Funds
48,561
121,324
1168.6971
1,188
Déslgnated
Future Sustainability Fund
Totsl unrgstricted fundj
25,000
25,000
73,561
121324
168.697
26.188
Rostrlctod funds
New Van
Warm8f Home 4U
Welcome Home
8,013
18911
13.241}
3,241
7,373
7,122
21,904
4,190
33,216
25,145
7.431
32.576
8,013
Total fundi
81.574
1 $3,900
176.070
59,404
Ngw Van - Grant funding from National Lottery Awards for All and Plymouth Dispensary Trust towards
purchases of new van.
Wam7er Homo 4U - Grant funding from Plymouth Clly Council towards energy, warnlh and other
essentials,
Wolcome Hom&
Grant funding from Screwfix Foundation towaTd$ c0515 of building th• new
'W8lcome Home, room.
Spring Home - Grant funding Irom National Lollery Awards for All towards the pur¢h•$6$ of brand
new items. with the exception of larg• whrte gI￿d3.
Suniiving Winter. Grant fundlng from Comwall Communty Found8110n.
Rank FOundat￿n - Grant funding from the Rank Foundation towards core ¢o$t$ only.
Page 18

Devon and Cornwall Furnlture Reuse Project
Notes to the Financial Statemonts for the Year Ended 31 December 2023
16 Analysis of not •ss•ts batwoen funds
Totsl funds
at31
Dgcember
2023
Unrestrfctsd
funds
G•noral
Rostrlcted
funds
Tangible fixèd a88èt6
Current assets
Current [￿bIlitIeS
Cr8dilors over 1 year
Tol81 net 8ss6ts
17,902
29.577
15,546)
16,772
6,231
1,333
24,133
30,910
{5.5461
16,772
25,161
7,564
32,725
Total funds
at31
D•c•mbgr
2022
Unr8strlct•d
funds
Goneral
Re•trlct•d
funds
Tangiblè fixod assets
Current assgls
Current liabilities
Creditors over 1 year
Total nel asset8
21,010
29,601
15,1421
19,281
7.122
26,094
28.132
55.695
15.142)
19.281
26,188
59,404
17 Rolated party transactlons
During the year the charrty made th• following rel8led party Iransaclions..
On 1 January 2013 thè aclivrtieg of Plymouth Furniture Reuse Project Limited (company number
071543671 were trgn¥ferred lo this eharfly. The company recharged expense8 at a cost tolalling £13
12022.. £131. No 8mounls were oulslanding al the year end12022.. £Nill.
At the balance 8heel dale the amount due was12022 - £Nill.
Page 19