Company registration number.. 07877609
Charty registration number.. 1146877
Devon and Cornwall Furniture Reuse Project
{A company limited by guarantee)
Annual Report and Financ￿1 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 a￿ordanCe 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, be￿use 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 Rehabilitat￿n 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 wh￿h 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 wa￿8, 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
apPI￿able 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 wh￿h c88e il may be regarded a8 reslricled.
Investment Income
Dividends are reGogni8ed once the di￿dend 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 di￿G11Y lo that activity. Shared costs aro apportioned
be￿een 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 wh￿h
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
FUMI￿re
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