Company registration number.. 07877609 Charty registration number.. 1146877 Devon and Cornwall Furniture Reuse Project {A company limited by guarantee) Annual Report and Financ1 Stalem8nts for the Year Ended 31 December 2025 WESTCOTTS CHAPTERED aCCOUIITANTS
Dèvon and Cornwall Furnlture Reuse Project Contents Trusle85' Report 2105 Independent Examinerfs Report Statement of Financial Activrties Balancg Shgel Notes lo the Financial Statements 91019
Devon and Cornwall Furnlture Reuse Project Referonce and Administrative Dotails Trust808 A Turner CMBull R Symons P J Pearce N Toms Secrntary N Toms Charlty Reglstratlon Numbor 1146877 Company Rggl¥trotlon Numbgr 07877609 The charity is incorporated in En9land and WaK88. 97 Union Slreet Slonehouse Plymouth Devon PL13NB Rogl¥tgred Offlcg Ind&p•nd•nt Ex•mlngr Weslcotts ISWI LLP Plym House 3 Longbridge Road Plymouth M8rsh Mi118 Devon PL6 8LT Page 1
Devon and Cornwall Furniture Reuse Project Trustees, Report The trustees present their report and financial statements for the year gnded 31 December 2024. The financial statements have been prepared in accordance with the aeeountins policies sel out in note 1 to th8 financial ststèmenls and comply with the charity's Memorandum 8nd Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in aordanCe with the Financial Reporting Slantlard applicable in the UK and Republic of Ireland IFRS 1021 las amended for accounting periods commencing from 1 January 20161" Oblectlves and A¢tlvltles The main aim of our charity is to help people in our communi11gs are experiencing sovere povety or are in danger of going into poverty or are experiencing difficult limes or cannot afford even the basic essentials. We help around 1000 people a year. Unfortunatèly, the need fgr our service has increased to such a level thot we cannot keep up wrth demand. The Coslwof-Living Crisis has meanl that more and more families and individuals are golng wilhoul food, and 1 in 2 familigs aro wilhoul an essential while good, and 1 in 3 families are deslilule. Never before have we seen parents asking for food for their children on social media. We are receiving requests for help from peoplè who woukj never have imagin&d needing help just 3 or 4 years ago. The 81ress of not bèing able lo afford even the basics, or having lo ch¢XJse whether lo buy food or pay bills is fracturing families. with some Sadly beyond repair. The charrty ha8 seen an alarming increase in need from working peop who ar8 living in poverty. Speaking lo people in our communities, we have discovered that being in poverty is not just something people on low incomes are faced wlh. Almost everyone we meet are experiencing financial difficulties and would not be able lo replace an 8ssenlial item in their home if it were lo break down, If they were lo replace a broken ilgm it would leave them deslilule. There are many reasons why people need our help. People may be moving into a property because they are fleeing domestic violence, beuse they are currently homele8s. being rèleased and rehorned from mental health care facilities, hospitals or prison. or because they are seeking asylum. We holp communities by helping those who in the community that maller the m051- th8 vulnerable and the often lorgotten. We do this best by working firstly with the people in the communrties we serve and by helping olhgr grganisalions such as The Homeless Unit, 8CHA, Social Services. Children's Services, Community Groups, Refugee Groups, Drugs and Alcohol Rehabilitatn Groups, AGE UK. Social Landlords, Ex Service Personnel, and others. All these organisalions refar people who need support lo the project, and we have an opgn-door policy for those who neeil assistancè lo visit the project. Amongst other aclivilies. we supply free of ch8rge furniture and other rtems. We also otter discounted. affordable items lo all customers, particularly lo digadvanlaged members of tho community. Around 80ts/D of our stwk is given free of charge lo those in need. The number of organisationslcharilies referring people in need lo us has increased and in fact we are working wrth charities further afield, travelling fLJrther than we ever have in the pa81. Al80, Ihe number of p¢ople contacting the charity of Iheir own accord has increased. Although we are happy that more people know who we are and how we ean help, il is very distressing that so many people need help. We are helping people who have tried lo access other services bul have been turned down for help due to limited resources. We also have many more organisations who signpost people lo our charty and vice versa. 11 has been very useful indeed in helping pe¢Jple get the help they need as Soon as possibla. Page 2
Devon and Cornwall Furnlture Reuse Project Trustees. Report If funding allows, we launch schemes such as Welcome Home and SuNiving Winter. Thè schemes cater for anyone who needed essential items. Each box had everything a person needs lo help them begin their new lives from hoovers. kettles, loaslers as well as cutlery and new bedding pack$ including pillows, duvet etc. People could also have a microwave, dehumidifier, healed clothes airers and other items. We also included a cleaning box. a self-hygiene box and a baby box rf needed. If children were involved, we would pul a box of things just for them together which included new Pyjamas, a new loy, a new boDk, a new blanket, and their own loolhbrush etc. We provided adults with healed blankets, dressing gowns, gloves and scarfs. These schemes were incredibty popular and 80rety needed and helped so many people. W8 3180 help childrenlyoung people who have 'aged out of care. When they are moved into their own prop8rti6s or shared housing, they have absolutely nothing. Having lo manage on your own is daunting and stressful bul having lo do so when coming out of a care environment and not knowing what help or support you can gel is even more difficult. Thè project collect8 unwanted furniture, wa8hing machines, cookers and other household items which are taken back lo the project lo be cleaned and refurbished and offered to families, groups or individuals al affordable prices or for freg. We are now also eollecling smaller i18m8 such as dinner sets which are cleaned and then Plrt in our free of charge VVelcom8 Home Room. We ore being morg a¢tlv8 on social media and are no longer 8fmid of letting people know exactly how we help and how many peop5e we halp. W8 rovi8w our aims, objectives, and activities at laast oncé each year lo look at what has been achieved in the previous year. The charity refers lo the guidance contained in the Charily Commission8 general guidance on public benefit when reviewing 118 aim8 and objectives and in planning future aclivilies. The truste88 consider how pL4nned aclivitigs contribute lo the aims and objectives 881. The Trust88s have paid du8 r8gard lo guidance issued by the Charity Commission in deciding what activities the charity should undertake. Flnancial r6vi8w The resutts for the year are 8hown in the slalemenl of financi81 aclivrties and show nel outgoing resources for the year of 2025. Unfortunately the charity has made 8 deficrt in the year, this 18 primarily down to the reduction in donations and grants. ol around £85k, thi8 ha8 been offset some by the increase in Sales from th shop of around £45k. AIL)ng wilh a reduction in expenditure of c. £15k. however this is not enough lo offset the downfall in income and has resulted in a delicil for the year of £11 k. Whilst the Trustees are pleased lo report th81 the charity has revenue remaining, funding is becoming much harder lo gain, if not impossible, especially for help with core cost8. Footfall into the charity ha8 declined lo worrying levels and with our core costs increasing it is becoming more difficult lo cover all our costs. Our website helps wi(h sales, and we are hoping we will have more sales through our website over the next financial ygar. Pollcy on reserves Tho charity has made a small surplus in the year. Fin8nces continue tv be a challengg, bul through careful management and cost control we plan to build on our reserves lo ensure that in the event of a 1088 of income suffieienl reserves are held to enable the charity lo seek additional funding sources. The charity aims lo hold a reserve of 3 months operaling costs, and some progress has been made in the year in working towards this. Page 3
Devon and Cornwall Furniture Reu6e Project Trustees. Report Investment policy and otyactives The Iruslees gUlarlY review the cash levels held by the charity and need lo maintain access lo funds lo operate. Any si9nifi¢anl surplus funds will be placed in an inleresl-bearing depos11 account when appropriate. Golng concem The Iruslees have assessed the major risks to which the charity 18 exposed and are satisfied that syslems are in place lo mltlgalè exposure to the major rfsks. We are confident Ihal we can continue for the next 12 months. Structurei governance and management Natur• of gov•rnlng docum8nt The charity 15 a company limited by guarantee and not having a share capital. In the event of a winding up, registered members are to contribute a sum not exceeding £10 per member t¢)wards the debts and li8bilrties of thè eharfly and thé co¥t¥ and expen888 of winding up. The Iruslee8, who are also the direelors for the purpose of company law, and who Served during the year and up to the date of signature ol the financial slalements were.. Robert Symon8 Alison Turner Christopher Butt Neill Toms Peter Pearce Dlsclosure Since Ihe year end ol our aecounl IDecemb8r 20251 we have all been impacted by the eosl-of-living erigis. It 18 increasingly hard lo cover core costs at the end of 8ach month and whil81 we have secured gran15 for the various Schemes we run, winning 9ranl8 for core co81818 almost impossible. However, wrth the help of funding we m8n8ged lo help more people than even wo thought possible by working as a team, working closely with other organisations and ¢harilies, and doing so safety. Page 4
Devon and Cornwall Furniture Reuse Project Trustees, Report Statement of trustees, responsibilities The trustees (who are al the directors of Devon and Comwall Furnrture Reuse Project for the purposes of company lawl are responsible for preparing the Iruslees. report and the financial statements in accordance with applicable law and Unf(ed Kingdom Aceountino Standards Iuniled Kingdom Generally Accepted Accounting Praclicel, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the Iruslees lo prepare fi'nancial statements for each financial year. Under ompany law the tru51ees musl not approve the financial slalemenls unless they are satisfied that they give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources, including rts income and expenditure, of th& charilablg company for that period. In preparing these financial slatemenls, the Iruslees are required lo.. select suitable accounting policies and apply them consislenlly., obsgrve th8 methods and principles in the Charrties SORP,, make judgements and e81imale8 that are reasonable and prudent., 81ale whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financi81 slalemenls., and prepare the financial 61818m8nls on the going concern basis unless il is inappropriate lo presume that the charitable company will continue in business. The trustees are responsible for kogping proper aceounling records that can di6close with reasonable occuracy 8t any lime the financial position of the charitable company and enable them lo ensure that the financial statements comply with the Companies Acl 2006. They are also responsible for saleguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and deleclion ol fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financi81 information included on the charitable companls website. Legislation governing the preparation and dissemination of financial slalemenls may differ from legislation in other jurisdictions. Small companles provlslon statgment This report has been prepared in accordance with the small compani88 regime under the Companies Act 2006. The annual report wa8 approved by the Iruslees of the charity on bèhalf by., and 81gned on 118 A Tumer Truslea Page 5
Devon and Cornwall Furniture Reuse Project Independent Examlner's Report to the trustees of Devon and Cornwall Furniture Reuse Project I'the Company'> I r8POrt to the charty trustees on my examination of the accounts of the Company for the year ended 31 December2025. Responsibilities and basls of report As the charity's Iruslees of the Company {and also (ts directors for the purposes of company law} you are responsible for the pieparalion of the accounts in accordance with the requirements of the Companies Act 20061.lhe 2006 Ad'l. Having satisfied mysew that Ihg accounts of the Company are not required to be audlled under Part 16 of the 2006 Act and are eligible for indopendenl examination, I report in réspect of my examination of your charity's accounts as carried out undér section 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my examination I have followed the Directions gwen by the Charity Commission undef section 14515}Ibl of the 2011 Act. Independent examinor's statement- matter of conc•rn Identlfled I have cc4npleled my examination. I have identified matters of concern in the account8 as follow8.' Whilst all expenditure wa$ in line with expected charitable activit$. pety ¢a$h expenditure could not be reliably traced lo supporting evidence in all examples selected. I conf1m that no other matters have come lo my attention in connection with the examination giving me reasonable cause lo believe that in any material respect,. 1. gccounling records were not kept In iespect of Devon and Comw811 Furniture Reuse Project 8 required by section 386 of the 2006 Aci., or 2. the accounts do not accord with Ihosg records., or 3. the accounts do not comply wilh the 8cctsunling requiremènt¥ of s8¢lion 396 of the 20C6 Act other than any requifemenl that the 8ccounls give a 'true and fair view, which 18 not a matter considered as part of an independent examination., or 4. the accounts have not been prepared in accordance with thè melh¢xl$ and principlès of the Slalemenl of Recommended Practice for accounting and reporting by charities lapplieable to harilies preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I confirm that there are no other matters lo whh your 8ttenlh)n should be drawn lo enable a proper understanding of the accounts lo be reached. Matthew Keane FCCA We51colls ISWI LLP Plyrn House 3 Longbridge Road Plymouth Marsh Mills Devon PL6 8LT Date.. .2. t.1.7/.2 Page 6
Devon and Cornwall Fumiture Reuse Project statement of Financial Activities for the Year Ended 31 December 2025 (Including Income and Expendlture Account and Statement of Total Recognised Gains and Losses) Unrestrlcted funds Rostricted funds Total 2025 Total 2024 Note Incom8 and Endowments from.. Donations and legacies Investment income 204,618 188 204,618 188 246,889 331 Total income 204,806 204,806 247,220 Expandlturo on: Gharilablg activiti88 1214,974) 1890 1215,864 1229,955 Total expendrture Nel lexpendilurelfincom 214,974 890 215,864 229,955 10,168 890 11,058 17,265 N81 movement in fund8 110,168} 18901 111,0581 17,265 Ro¢on¢lllatlon of funds Total funds brought forward Total funds Carried forward 1 S 44,649 49,990 32,725 34,481 4,451 38,932 49,990 All of the chanty's acllvil*s derive from continuing operations during the above periods. Thè funds brèakd¢)wn lor 2024 is sh¢)wn in note 15. The notes on pages 9 10 1S fomi an integral part of these financial statements. Page 7
Devon and Cornwall Furniture Reuse Project (Registration number: 07877609) Balance Sheet as at 31 December 2025 2025 2024 Note FIx8d assets Tangible assets 11 20,652 25,025 Current assets Debtors Cash at bank and in hand 12 12,310 22.668 13,410 30,035 34,978 43,445 Crndhors.. Amounts falling due vAthln one year Net current a$sets 13 4,268 30,710 Tolal assets le88 currènt Ilabllltles 51,362 64,064 14,074 49,990 CredStors: Amounts falllng duo after more than onè year 14 Nèt assets 12.430 38,932 Funds of the charlty: Restrlctad Income funds Restricted funds 4,451 5,341 Unrestrlct8d Income fund¥ Unrestricted fund8 34,481 44,649 Total funds 15 38,932 49,990 For the financial ygar ending 31 December 202S the eharily was enlilled lo exemption from audit under s8clion 477 of the Companies Act 2006 relating to small compani8$. Direclor8' re6ponsibilbties'. The members have not required the charity lo obtain on audit of ils accounts for the yg8r in question in accordance with Section 476,. and The directors acknowledge their responsibilities for complying wrth the requirements of the Act with respect lo accounting records and the preparation of a¢counl8. Thè finan¢ial slalements on pages 7 10 19 were approved by the trustees, and aulhorised for issue on and signed on their behaw by.. A Turner Trust80 The notes on pages 9 10 19 form an integral part of these financial $tatgmenls. Page 8
Dovon and Cornwall Furnlture Reuse Prolect Notes to the Financial Statements for thg Year Ended 31 December 2025 1 Charlty statu$ The charity is limited by guarantee, incorporated in England 8nd wa8, and consequently does not have share capital. Each of th8 trustees is liable to Gontribute an amount not exceeding £1 towards the assets of the charity in the evonl of liquidation. The address of ils registered office is.. 97 Union Street Slonehouse Plymouth Devon PL1 3NB 2 AGGountlng poll¢le¥ Statement of compllance The fi'nancial slalemenls have been preparad in accordance wrth Accounting and Reportin9 by Charities.. Slalomenl of Rewmm8nded Practice lapplicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211 lis$ued in October 20191- (Charities SORP IFRS 10211. the Financial Reporting Standard apPIable in the UK and Republic of Ir81ond IFRS 1021 and the Companios Act 20C6. 8a818 of preparatlon Devon and Cornwall Furnllure Reuye Project meet¥ the definition of a public benefit enlily under FRS 102. Assets and liabilities are initially recognis8d al hislorieal cost or transaction value unless otherwise 81at8d in the relevant accounting policy notes. Golng eonc8rn The Iruslees consider that there 8re no material uncertainties about the charty'3 ability lo continue as going concern nor any significant area8 of uncertainty that affect the carrying value of assets hehl by the charity. Ex•mptlon from preparlng a cash flow statement The charity opted lo early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. Page 9
Devon and Cornwall Fumiture Reuse Project Notes to the Flnancial Statements for the Year Ended 31 Deeombar 2025 Incomo and endowments All incoming resources are included in the stslemenl of financial activities when enlrtlemenl has passed to the charrty", it is probable that the economic benefits ass¢xialed with the transaction will flow lo the charity and the amount Can be reliably measured. The following specific policies are applied to particular categories of Income.. income from donations or grants is recognised when there is evidenee of entillemenl lo the gift, receipt is probable and bts amount can b8 measured reliably. legacy income 1$ recognised when recèipt is probablg and enlill6menl is eslablish8d. income from donated g¢)tsd¥ is measured al the fair v81ue of the goods unles8 this is impradical lo measure reliably, in which case the value is derived from the cost lo the donor or the estimated regale value. Donated facilities and services are recognis8d in the accounls when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services 1$ recognised wilh the d¢livgry of the conlraeted seNice. This is classified as unre8lrided funds unless there 18 a contr8Ctual requir8menl for il lo b8 Spent on a particular purpose and relumed if unspent, in whh c88e il may be regarded a8 reslricled. Investment Income Dividends are reGogni8ed once the didend has been dg¢larod and noliflcalion h88 bèen received of the dividend due. Expendlture Expendllure 18 r8cognised on an occruals ba8is as a liabilty is Incurred. Expenditure includès any VAT whi¢h cannot be fulty recovered, and is classifi'ed under he8ding5 01 the 8181ement of frnancial aclivilios lo which rt r8lale8'. expenditurg on raising funds include8 the cos18 of all fundraising activ((ies, events, non4haritabl trading activilios. and the sale of donated g¢Jods. expenditure on charitable acliviliès includes all costs incurred by a charity in undertaking activilles that further ils charitabl8 8ims for the benefit of ils beneficiaries, including Ihoso 8UPPOrt COgt8 and costs relating lo the governance of the charity apportioned lo charitable activities. other expenditur8 includes all expendlture that is neither r8lal8d lo raising fund8 for the charity nor part of ils expendrture on charitable actlwtleg. All ¢osls are allocated to expenditur6 cal8gories reflecting the use of the re8ource. Dirèct costs attributable lo a single activity are allo¢aled diG11Y lo that activity. Shared costs aro apportioned beeen the activities they contribute to on a reasonable, ju5trfiable and consistent basis. Charltable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activitie$ and seNices for ils beneficiaries. 11 includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Page10
Devon and Cornwall Furniture Reuse Project Notes to the Financial Ststements for the Year Ended 31 December 2025 Grantprovisions Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the liming of the grant or the amount of grant payable. Support costs Support cos15 include central functlons and have been allocated lo activity cost categories on a ba$18 consislenl with the Ljse of resources, for example, allocating property costs by floor areas, or per capila, staff costs by the lime spent and olhgr costs by their usage. Tanglble fixed assets Tangible a$$els are initially recgrded al cost, and subsequently slated 81 cost less any accumulated depreciation and impairment losses. Any tangible assets carried al revalued amounts 8re recorded at the fair value al the dale of revaluation less any subsequent accumulatèd depreciation and subsequent accumulated imp81fmenl losses. An increase in the carrying amount of an asset as a result of a revalualbn, 18 Tecognised in other recogni8ed gains and losses, unless il reverses a charge for irnpairmenl that has previously bee re¢ognised 95 expenditure within the slalemenl of financial aclivili88, A decreas8 in the carrying amount of an asset 85 a result of revaluation, 15 recogni5ed in other recognised gains and losses, except lo which il offsets any previous rovalualion gain, in which cas8 the loss is shown within other fecognised gains and losses on the statement of financial activities. Depreclatlon and amortlsatlon Depreciation is calculated so as lo write off the c081 or valuation of an asset, less its residual value, over the useful economic life of th81 asset 88 follows.. Asset class Motor vehicles Computer equipment Depreciation method and rate 1 OOA straight line 150h 8traighl line Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term hi9hly liquid investments that are readily convertible to a known amount of cash and aro ¥ubjecl lo an insignilicanl risk of change in value. Fund struclure Unrestricted funds are available for use al the discretion of the trustees lo further any of the charitvs purposes. Oesignated funds are unrestricted fund5 eamiarked by the trustees for particular futurg projgct or commitment. Restricted funds are subjected lo restrictions on their expenditure declared by the donor or through the tems of an appeal and f811 into one of sub-classes". restricted income funds or endowment funds. Page 11
Devon and Cornwall Furnitur8 Reuse Project Notes to the Financial Statements for the Y•ar Ended 31 December 2025 Penslons and other post retirement obllgations Contributions to defined contribution plans are recognised as an expense in the period In which the related service 1$ provided. Prepaid eonlribulions are recognised as an asset lo tha 8xient that the prepayment will18ad to a reduction in future paymenls or a cash refund. When contributions are not expected to be 88ttl¢d wholly within 12 months of the end of the reporting dale In which the employees render the related s8rvice, the liability is measured on a discount8é present value basis. The unwinding of the discount is recognised as an expense in the period in whh il arises. Flnanclal Instruments Recognltlon and me•surem6nt A financial 88881 or a financial Ilability is recognised only when the ¢harlty bewmes a paty to the contractual provisions of the in81rumenl. Basic financial in8lrumènts are initially recognised at the amount receivabl8 or payable including any related transaction co$tS. Current asse16 and current liabilitie8 are subsequently mea8ured al the ca8h or other con8ider*ion expectèd to ba paid or e1Ved and not discounted. Debt in8lrument8 are 8ub8equenlly me88ured at amortiyed eosl. Page 12
Devon and Cornwall Furniture Reuse Project Notes to the Financial Statements for the Year Endod 31 December 2025 3 Income from donatlon$ and lega¢i88 Unre8trlctod fund$ Gonoral Total 2026 Donations and legaci8$'. Other income Grant incomo Chantable trading activities Ipnmarily donalgd good81 23,837 15,S41 165,240 204,618 23,837 15,541 185,24D 204.818 UnrestrScted fundy General Restrlcted funds Total 2024 Donation8 and legacies., Other income Grant incom8 Charitable trading oclivillgs Iprimarity donated goods) 86,119 34,613 5.000 91,119 34,613 121,157 121,1S7 241,889 5.000 246,889 4 In¥tment Incom• Unr•strlcted funds Goneral Total 2025 Total 2024 Interest receiv8ble and similar income; Interest receivable on bank deposits 188 188 331 Page 13
Devon and Cornwall Furniture Reuse Project Notes to the Financial Statements for the Yèar Ended 31 December 2025 5 Expendlture on charltable actlvltlos Unrestrlcted funds Goneral Restrlcted funds Total 2026 Total 2024 Charitable trading activities Grant funding of activities Staff co¥ls Allocated support Costs 129,952 129,9S2 128,790 1,000 82,679 17,486 229,955 77,804 7,218 77,804 8,108 890 214,974 890 21S.864 A¢tlvlty undertaken dlrèctly Grant fundlng of a¢t5vlty Actlvlty support costs 2025 Charitable trading actwilies 207.757 8,108 215,865 ActSvlty undgrtaken dlrectly Grant fundSng of actlvlty Actlvlty
upport
costs 2024 £IAs rostatadl 229,9S4 Charitable trading activities 219,696 1.000 9,258 6 Grant.makSng Anatysls of gr•nts Grants to In•titutlon8 2025 2024 Analysls Livewell Foundation Th8 support costs aSS¢xialed wrth grant-making are £Nil1310ecember 2024 - £Nill. 7 Not incomlngloutgolng resourcfr8 Net loulgoingiiincoming resources for the year include.. 2025 2024 Depreciation of fixed assets 4.373 4,342 Page 14
Devon and Cornwall Furniture Reuse Project Notes to the Financial Statements for the Year End•d 31 December 2025 8 Trustee¥ remun•ratSon and exponsos No trustees. nor any persons connected with them, have fftceived any remuneration from the charity during the year. No Iruslees have received any reimbursed expenses or any other benefrts from the charity during the year. 9 Staff ¢o$ts The aggregat8 payroll costs were as follow8.. 2025 2024 staff cost8 durlng the y•ar w•re'. Wages and salaries Pension costs 75,119 2.685 77.804 79,439 3,240 82,679 The monthly average number of persons lincluding senior management I leadership team) employed by the chafily during the year was as follows.. 2025 No 2024 No Number of staff No employée received employee benefits of more than £60,000 during the year12024.. Nill. 10 Independent ex•mlnerf$ r•muneratlon 2025 2024 Othor fgfjs to examlnors The examining of accounts of any associate of the charity All other seNices 1,440 960 1,365 1,250 2,400 2,615 Page15
Devon and Cornwall Furniture Reuse Project Notes to the Financlal Statements for the Year Ended 31 D•cember 2025 11 Tanglble fixed assets FUMIre and equlpment Motor vehicl•s Total Cost At 1 January 2025 Al 31 DeGember 2025 7,620 32,995 40,615 7,620 32,995 40,615 Deproclatlon Al 1 January 202S Charge for the year Al 310ecembef 2025 5,240 1,073 10,350 3,300 15,590 4,373 6,313 13.650 19,963 Net book value At 31 December 2025 1,307 19.345 20.652 Al 31 December 2024 25,025 12 Debtors 2025 2024 Trade debtors Other debtor8 1,100 12,310 12,310 12,310 13,410 13 Credltorn: amounts falllng duo wlthln one year 2026 2024 Other credi1018 Accruals 1,555 2,713 1,760 2,646 4,406 14 Crgdliors: amount8 falling dug after one year 2025 2024 Bank loans 12,430 14,074 Page 16
Devon and Cornwall Fumiture Reuse Project Notes to the Financial Statements for the Year Ended 31 December 2025 15 Funds Balance at 1 January 2025 Balance at Resourcgs 31 De¢emb8r expended 2025 Incomlng r•sources Unrostrlctod funds Gonarnl General Funds 19,649 204,806 1214,9741 9,481 Deslgn8t6d Future Su8tsinability Fund 25,000 25,000 Total unr•$trlct•d fund• 44,649 204,8C6 1214,9741 34.481 Restrfctod funds New Van 5,341 890 4,451 Total fund• 49,990 215,864 38.932 Page 17
Devon and Cornwall Furniture Reuse Project Notes to the Flnancial Statements for the Year Ended 31 December 2025 Balance at 1 January 2024 Balance at 31 December 2024 Incomlng sourcos Resour¢o8 expended Unr•stricted funds Gonerol General Funds 161 242,220 1222,732 19,649 Deslgnatod Future su8lainabilily Fund 25,000 25,000 Total unr•strlcted fund• 25.161 242,220 222,732 44.649 Restrlctsd fvnds New Van Wamier Home 4V Welcome Home Surviving Winter 6,231 333 1,000 {8901 13331 (1,0001 5,000 5,341 7,564 5,000 7,223 Total funds 32.725 247.220 229,955 49,990 N8w Van - Grant funding from National Lottery Awgrds for All and Plymouth Dispensary Trust towards purchases of new van. Warmer Home 4U - Grant funding from Plymouth City Council towards energy, wamlh and other essentials. Welcome Home Grant funding from Screth'x Foundation towards wsls of building the new 'Welcome Home, room. Spring Home - Grant funding frc•m NalKinal Loltery Awards for All toward$ the purchases of brand new items, with the exception of large while g¢Jod$. Surviving Wintgr- Grant funding trom Cornwall Community Foundallon. Rank Foundation - Grant funding from the Rank Foundation t¢)ward5 core costs only. Page 18