Heartlands Furniture Limited
Trustees, Report
For the year ended 51°, March 2024
We, the Trustees of Heartlands Furniture limited, are pleased to pres¢nt the Annual Report for the
year ended 31" March 2024. together with the Financial Statements for the year and confimi that the
Eatt¢r comply with the Memorandum and Articles of Association and the Charities SORP 2005.
Charitable Aims
Heartlands Furniture limited is a Company Limited by Guarantee, No. 08355252, established by
Memorandum and Articles of Association and is a Registered Charity, No. 1154901.
Recruitment And Induction of Trustees
Suitable persomiel ar¢ identified by the existing Trustees on the basis of their sknlls and knowledg¢
and invited to become Trustces. New Trustees are inducted into the workings of the Charity by the
Chairpcr30n.
Organisation of the Charity
The Truste¢s govern the Charity. Th¢y meet regularly and del¢gat¢ the day-to-day of the
Charity to the Chairperson who oversees the organisation.
The Charity employs I full-time staff memb¢r and I part-time member of staff.
The staff are assisted by volunteers who undertake key roles in support of the Charity's activities.
Objectives
The Charity has identified a n¢¢d in the community and attempts wherever possible to meet it.
The Charity aims to cover costs.
To provide quality items at realistic and affordable prices.
Value and maintain relationships wlth funders and other organisations.
Recognise value of partnerships.
With our client wups maintain confidentiality, show them respect, be non-judgemental, allow them
to maintain their dignity and ¢mpathise with their views and opinions.
Show employees and volunteers that they pcrforni worthwhile jobs and that they are appreciated.
Off¢r them suppo¢ stability and training when required.
We have referred to the guidance contained in the Charity Commission's general guidance on public
benefit when reviewing our aims and objectives and in planning our futur¢ activities. In particular the
Trustees consider how planned actLVlties will contTibute to those aims and objectives.
Principal Activity
Heartlands Furniture Limit¢d strives to provid¢ a much-needed service to satisfy the demand for
good quality used furniture and household effects at affordable prices to peopl¢ on benefits and low
incomes. During the current accounting period we have distributed 24 tonnes of furniture to 401
clients, although it is accepted that some of these may be repeat customers. Volunteers from the
Community assist with th¢ project. We still require fLmding to improve the service.

Review of Aetivities for the Year
We aim to continue delivery of the service at the existing level if pOssi￿le and expand or dIVe￿ify
where there is a ￿r¢e1Ved ne¢d and resources allow.
Heartlands Furniture Limited maintains its ethos to provide good quality household items to thos¢ orA
benefits and low incomes.
Our priority is, as in previous years, to secure funding to continue this much need¢d service to the
community.
Finanefial Review
Heartlands Furnitur¢ Limited continues its role of perceiving a need within the community and then
finds ways wherever possible to meet IL
There is no outside fimding supporting the Charity. Expenditur¢ is spent on our objectives, with the
aim also to cover ongoing overheads,
The Charity continues to provide a quality service at realistic and affordable prices.
The total incom¢ for the year, was £33601 and the net result for the year is a loss of £2551.
Related Parties
The Charity works closely with Cornwall Council, Social Services and GOFA, which is a similar
furniture re-use Charity in the are
Investment Policy
The Trust¢¢s have considered the most appropriate policy for funds and find that the ongoing
atrangement with the Barclays Bank PLC current account meets the requirement to maintain a¢c¢ss to
funds for operdtional pu￿0$¢S.
Reserves Policy
In order that the Charity can mcct its objectives in promoting any charitable purpose for the benefit of
the community within Cornwall. the Trustees have considered its resources and commitments.
How¢ver, there is no Reserve Policy in place at the present time.
Risk Review
The Trustees hav¢ assessed the major risks to which the Charity is exposed and are satisfied that
systems are in place to minimis¢ or mitigate these. The Trust¢¢s will continue to review potential risks
on a regular basis and will take further action to minimise or mitigate these risks as required.
Auditors
The accounts do not requi￿ auditing at the present time.
Plans for the Future
We aim to continue providing our existing service, streamlined where necessary, provide support,
stability and training to our volunteers and employees while also building relationships with possible
funders.
When, and if, a viable opportunity arises we will consider diversification or expand our services.
The Director and Trust¢¢s will be working to maintain and improve the service. It is proposed that in
the forthcoming financial y¢ar a Business Plan will b¢ d¢v¢lop¢d which will aid th¢ organisation witb
funding applications.

Statement of Trustees. R￿ponsIbIlitieS
The Trustees are respx)nsible for preparing the Annual Report and the Financial Statements in
accordance with applicable law and regulations.
Law applicable to Chariti¢s in England and Wales requires the Trustees to prepare Financial
Statements for each financial year. Undcr that law the Trustees have elected to prepare the Financial
Stat¢ments in accordance with United Kingdom Generally Acc¢pted Accounting Practice (United
Kingdom Accounting Standards and applicable law). The Financial Statements are ￿qUired by law to
give a true and fair view of the stat¢ of affairs of the Charity and of the financial activities for that
year. tn preparing those Financial Stat¢ments, the Trustees are r¢quired to:
- sel¢ct suitable accounting policies and then apply them consistently*
- make judgements arAd esttmates that are reasonable and prudent. and
prepare the Financial Stat¢ments on the going ¢oncern basis unless it is inappropriate to presume
that the Charity will continue in op¢ration.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable
accurdcy at any time the financial position of the Charity and to enable them to ensure that the
Financial Statements comply with Charities Act. They have general responsibility for taking such
steps as are reasonably open to them to safeguard the &8sets of the Charity and to prevent and detect
fraud and other i￿¢gUlarItIes.
Statement of Disclosure
So far &8 th¢ Trustees are aware, there is no relevant financial inforniation ofwhich the Charity's
stakehold¢TS are unaware. Additionally the Trustees have taken all the steps that they ought to
have taken as Trustees in order to make themselves aware of any relevant audit inforn]ation and
to establish that the Charity's stak¢holders are aware of that infonnatio
By ordw of the TnL8tees
Unit Clb Pool Business Park
Dudnanc¢ Lan¢
Pool
REDRufH
TR15 3QW
David Mildren
Chairperson
10 December 2024

Heartlands Furniture
Company Registration Number:
08355252 (England and Wales)
(Unaudited) Financial Statements
Period of Accounts
stsrt Date: 1st April 2023
End Dats: 31 st March 2024

Heartlands Furniture
Company Inforniation
for the Period Ended 31st March 2024
Direetor:
D Mildren
Company Secretary:
D Mildren
Registered Office Address:
Unit Cl b Pool Business Park
Dudnance Lane
Pool
REDRUTH
Cornwall
TR15 3QW
Company Registration Number:
08355252 (England and Wales)

Heartlands Furniture
Balanee sheet
As at 31st March 2024
Notes
2024
2023
Fixed Assets
Intangible assets
Tangible assets:
35
49
Total Fixed Assets:
33
49
Current Assets
Stocks:
1000
1000
Debtors:
Cash at bank and in hand:
(1017)
30
Totsl Current Assets:
(17)
1030
Creditors
Creditors: amounts falling due within one year:
Net Current Assets (Liabilities):
(17)
1030
Total Assets less Current Liabilities:
18
1079
Creditors: amounts falling due after more than one year:
11199
9709
Provision for liabilities:
Total Net Assets (Liabfilities):
(11181)
(8630)
The notes forni part of these financial statements

Heartlands Furniture
Balance sheet
As at 31st March 2024
Continued
Notes
2024
2023
Capital and ReseThes
Called up share capital:
Revaluation reserve
11199
9709
Profit and loss account:
(22380)
(18339)
Total Shareholders Funds:
(11181)
(8630)
A Profit and Loss Account has not been filed.
For the year ending 31 st March 2024 the company was entitled to exemption under section 477 of the
Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The members have agreed to the abridgement of the Accounts for the period ending 3 1st March 2024.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with
respect to accounting re¢ords and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies
subject to the small companies regime and in accordance with the Financial Reporting Standard for
Smaller Entities..
The fmancial ststements were approved by the Board of Directors on 29th November 2024.
SIGNED ON BEHALF OF THE BOARD BY:
Name: D Mildren
Status: Director
Thc notes forni part of these financial statements

Heartlands Furniture
Notes to tbe Financiydl Statements
for the Period Ended 31st March 2024
l. Accounting Policies
Basis of Measurement and Preparation of Accounts
The financial statements have been prepared under the historical cost convention as modified by the
revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller
Entities.
Turnover Policy
The turnover shown in the profit and loss account represents revenue recognised by the company in respect
of goods and services supplied during the period, exclusive of Value Added T&x and trade discounts.
Tangible Fixed Assets Depreciation Pollcy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in
order to write off each asset over its estimated useful life. Freehold buildings - 20/0 on cost or revalued
amounts, Plant and Machinery - 15 /0 on cosL Fixtures and Fittings - l O % on cos( Motor Vehicles - 25 % on
cost,
Intangible Fixed Assets Amortisation Policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at rntes calculated to write
off the assets on a straight b&8is over their estimated useful economic lives, not to exceed twenty years.
Impaimient of Intangible assets is only reviewed wher¢ circumstances indicate that the carrying value of an
asset may not be fvlly recoverable.
Valuation Information and Policy
Stocks and work -in-progress are valued at the lower of cost and net realisable Yalue, after making due
allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate
proportion of fixed and variable overheads.
Other Accounting Policies
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under
finance leases are depreciated over their estimated useful lives or the lease terni, whichever is the shorter.
The interest element of these oblkgations is charged to the profit and loss account over the relevant period.
The Capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over
thc period of the lease.
Research and Development Expenditure on research and development is written off in the year in which it
is incurred.
Defeffed t&xation is provided in full in respect of t&xation deferred by timing differences between the
treatment of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates
of tax that are expected to apply in the periods when the timing differences will reverse and has not been
discounted.

Heartlands Furniture
Notes to the Financial Statements
for the Period Ended 31st March 2024
2. Intangible Assets
Totsl
Cost
At I. April
2023:
Additions:
Disposals:
Revaluations:
Transfers:
At 31st March
2024:
Amortisation
Al I st April
2023:
Provided
during the
Period:
On disposals:
Other
Adjustments:
At 31st March
2024:
Net book
value
At 31st March
2024:
At 3 1st March
2023:

Heartlands Fllrniture
Notes to the Financial Statements
for the Period Ended 31st March 2024
3. Tangible assets
Totsl
Cost
At I st April
2023:
13290
Additions:
Disposals:
Revaluations:
Transfers:
At 3 1st March
2024:
13290
Depreciation
At I st April
2023..
Charge for
year:
On disposals:
13241
14
Other
adjustments
At 31 st March
2024:
Net book
value
At 31 st March
2024:
13255
35
At 31 st March
2023:
49
Included in Motor Vehicles We￿ assets held under hire purchase contracts. Th¢ net book value of these
assets amounted to £0 (2023: £0)

Heartlands Furnlture
Notes to the Financiydl Statemeuts
for the Period Ended 31st March 2024
4. Debtors
Debtors include £Nil {2023: £Nil) falling due after more than one ye￿.
5. Credltors
The following Directors loans are included within
creditors:
Repayable
2024
2023
Between one and five years:
11199
9709
Over five years:
Total:
11199
9709

Heartlands Furniture
Notes to the Financial Statements
for the Period Ended 31st March 2024
6. Called up share capitsl
Allotted, called up and paid
Previous period
2023
Class
Number of shares
Nominal value
per share
Total
Ordinary shares:
1.00
Preference shares:
1.00
Total share capital:
Current period
2024
Totsl
Ordinary shar¢s:
Preference shares."
1.00
Total share capitsl:
During the year O ordinary shares of £1 each were issued, allotted and fully paid for cash at
par. During the year, O preference shares of £1 each were issue¢L allotted and fully paid for cash
at par.

Heartlands Furniture
Notes to the Financial Statements
for the Period Ended 31st March 2024
7. Related Party Disclosures
Name of the ultimate controlling party during the p¢riod:
D Mildren
Name of related party:
L R Mildren
Relationship:
Spouse
Description of the transaction:
Loan
Balance at 1st April 2023:
Balance at 31. March 2024:
The loan is repayable within 5 years.
8. Transactions with Directors
Name of Director receiving advance or credit:
NIA
Description of the transaction:
NIA
Balance at I st April 2023:
Advances made:
Advances or credits repaid:
Balance at 31° March 2024:
10

I certify that I have examined the financial ststements of Heartlands Furniture for the year
ending 31 st March 2024. It is my responsibility to fonn an independent opinion, based on my
examination, on those statements and on the regularity of the financial transactions included
in them and to report my opinion to you.
Basis of Opinion
An examination includes a test basis, of evidence relevant to the amounts, disclosures and
regularity of financial transactions included in the financial statements. It also includes an
assessment of any estimates and judgements made by the Treasurer in the preparation of the
financial statement& and of whether the accounting policies are appropriate, consistently
applied and adequately disclosed. I planned and perfonned my examination so as to obtsin all
the infomlation and explanations which I considered necessary in order to provide me with
sufficient evidence to give re&sonable assurance that the ffftancial statements are free from
material rnisstatemenL whether caused by error, or by fraud or other irregularity and that, in
all material respects, the expenditur¢ and income have been applied to the purposes intended.
In forn]ing my opinion I have also evaluated the overall adequacy of the presentation of
infonnation in the financial statements.
Opinion
In my opinion:
The financial statement gives a true and fair view of the state of affairs of Heartlands
Furniture for the year ending 31 st March 2024 and of its loss, total income and expenditure
for the year then ended and has been properly prepared.
I have no observations to make on these financial statements.
Signed this 9 day of Decernber 2024........
..(K. Mount) Examiner