Heartlands Furniture Limited
Trustees, Report
For the year ended 31" March 2025
We, the Trustees of Heartlands Furniture limited, are pleased to present the Annual Report for the
year ended 31, MaTch 2025, together with the Financial Statements for the year and Confim that the
latter comply with the Memorandum and Articles of Association and the Charities SORP 2005.
Charitable Aims
Heartlands Furniture limited is a Company Limited by Guarante¢, No. 08355252, established by
Memorandum and Articles of Association and is a Registcrcd Charity, No. 1154901.
Recruitment and Induction of Trustees
Suitable personnel are identified by the existing Trustees on the basis of their skills and knowledge
and invited to become Trustees. New Trustees are inducted into th¢ workings of the Charity by the
ChaArp¢rson.
Organisation of the Charity
The Trustees govern the Charity. They mect regularly and delegate the day-to-day running of the
Charity to the Chairperson who oversees the Organisation.
The Charity employs I full-time staff member and I part-time member of staff.
The staff are assisted by volunteers who undertake key roles in support of th¢ Charity's activities.
Objectives
The Charity has identified a need in the community and attempts wherever possible to meet it.
The ChaTAty aims to cover costs.
To provide quality iterns at realistic and affordable prices.
Value and mainlain relationships with fund¢rs and other organisations.
Recognise value of partnerships.
With our client groups maintain confidentiality, show them respect, bc non-judgemcntal, allow them
to maintain their dignity and empathise with their views and opinions.
Show employees and volunteers that they perfonn worthwhile jobs and that they are appreciated.
Offer them supporL Stability and training when rcquircd.
We have referred to the guidonce contained in the Charity Con]mission's general guidance on public
benefit when reviewing OUT aims and objectives and in planning our future dctivities. In particular the
Trustees consider how planned activities will contribute to those aims and objectives.
Principal Activity
Heartlands Furniture Limited strives to provide a much-needed service to satisfy the demand for
good quality used furniture and household effects at affordabl¢ prices to people on benefits and low
Èncomes. During the cU￿ent accounting period we have distributed 20 tonn¢s of furniture to 299
clients, although it is accepted that some of these may be repeat customers. Volunteers from the
ommunity assist with th¢ project. We still require funding to improve the service.

Review of Activities for the Year
We aim to continue delivery of the service at the existing level if possible and expand or diversify
wher¢ th¢r¢ is a perceived need and resources allow.
Heartlands FurnitUTe Limited maintains its ¢thos to provide good quality household items to those on
benefits and low incomes.
Our priority ts, &s in previous years, to secure funding to continue this much ne¢ded service to the
community.
Financial Review
Heartlands Furnitur¢ Limited continues its role of perceiving a need within the community and th¢n
finds ways wherever possible to meet it.
There is no outside funding supporting the Charity. Expenditure 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 income for the year, was £29537 and the net result for the year is a loss of £5285.
Related Parties
The Charity works closely with Cornwall Council, Social Services and GOFA, which is a stmtlar
furniture re-use Charity in the area.
Investment Policy
The Tn￿te¢S have considered the most appropriate policy for funds and fmd that the ongoing
arrangement with the Barclays Bank PLC current account meets the requirement to maintain access to
funds for operational purposes.
Reserves Policy
In order that the ChaTity can meet its objectives in promoting any charitable PUTPOS¢ for the benefit of
the conllnunity within Cornwall, the Trustees have considered its resources and comrnitments.
However, there is no Reserve Policy in place at the present time.
Risk Review
The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that
systems are in place to minimise or mitigate these. The Truste¢s will continue to review potentlal risks
on a regular basis and will take furth¢r action to minimis¢ 01 mitigate these risks as required.
Auditors
The accounts do not require 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 a150 building relationships with possibl¢
funders.
whe￿ and if, a viable opportunity arises we will consider diversification or expand our servic¢s.
Th¢ Director and TTUStees will b¢ Working to maintain and Improve the service. It is proposed that in
the forthcoming finaDcial year a BLLsiness Plan will be developed which will aid the organisation with
funding applications.

Statement of Trustees, Responsibilities
The Tn￿teeS are responsible for preparing the Annual Report and the Financial Statements in
accoTdance with applicable law and regulations.
Law applicable to Charities in England and Wales requires the Trustees to prepare Financial
Statements for ¢ach financial year. Under that law the Trustees have el¢¢ted to prepare the Financial
Statements in accordance with United Kingdom Generally Accepted Accounting Practice (United
Kingdom Accounting Sthndards and applicable law). The Financial Statements are required by law to
give a true and fair view of the state of affairs of the Charity and of the fllmicial activities for that
year. In preparing those Financial Statements, the Trustees are required to:
select suitable accounting policies and then apply them consistcntly)
- make judgements and estimates that are reasonable and prudent; and
prepare the Financial Statements on th¢ going Concern basis unless it is Inappropriate to presume
that the Charity will continu¢ in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the Charity and to enable them to ensure that the
Financial Statements compEy with Charities Act. They have gcneral responsibility for taking such
steps as are reasonably open to them to safeguard the assets of the Charity and to prevent and d¢t¢ct
fraud and other irregularities.
Statement of DI￿10$ure
So far &$ the Trustees ar¢ awar¢, there is no rel¢vallt financial inforniation of which the Charity's
stakeholders 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 infonnation and
to establish that the Charity's stakeholders are aware of that inforn￿ti0n.
By order of the Trustees
Unit Clb Pool Business Park
Dudnanc¢ Lane
Pool
REDRtrrH
TR15 3QW
David Mildren
Chairperson
29th November 2025

Heartlands Furniture
Company Registration Number:
08355252 (England and Wales)
(Unaudited) Finaneial Statements
Period of Accounts
Start Date: 1st April 2024
End Date: 3 1st March 2025

Heartlands Furniture
Company Information
for the Period Ended 31st Mareh 2025
Director:
D Mildren
Company Secretary:
D Mildrcn
Registered oifiee Address:
Unit Clb Pool Business Park
Dudnance Lane
Pool
REDRUTH
Cornwall
TR15 3QW
Company Registration Number:
08355252 {England and Wales)

Heartlands Furniture
Balance sheet
As at 31st March 2025
Notes
2025
2024
Fixed Assets
Intangible assets
Tangible assets:
92
35
Total Fixed Assets:
92
35
Current Assets
Stocks:
1000
iooo
Debtors:
Cash at bank and in hand:
(79)
(1017)
Total Current Assets:
921
(17)
Creditors
Creditors: amounts falling due within one year:
Net Current Assets (Liabilities):
921
(17)
Total Assets less Current Liabilities:
1013
18
Creditors: amounts falling due after more than one yeaT:
17479
11199
ProvÉsion for liabilities:
Total Net Assets (Liabilities):
(16466)
(11181)
The notes fomi part of these financial statements

Heartlands Furniture
Balance sheet
As at 31st March 2025
Continued
Notes
2025
2024
Capital and Reserves
Called up share capital:
Revaluation reserve
17479
11199
Profit and loss account:
(33945)
(22380)
Total Shareholders Funds:
(16466)
(11181)
A Profit and Loss Account has not been filed.
For the year ending 31 st March 2025 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 agre¢d to the abridgement of the Accounts for the period ending 3 ISI March 2025.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with
respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and have been
delivered in accordance with the provisions applicable to companies subject to the small companies
regime.
The financial statements were approved by the Board of Directors on 22nd November 2025.
SIGNED ON BEHALF OF THE BOARD BY:
Name: D Mildren
Status- Director
The notes forn] part of these financial statements

Heartlands Furniture
Notes to the Financial Statements
for the Period Ended 31st Marcb 2025
l. Accounting Policies
Basis of Measurement and Preparation of Accounts
The financkal staternents 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
EntLties.
Turnover Policy
The tumover shown kn 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 Policy
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 - 150/0 on cost, Fixtures and Fittings - l 00/0 on cost, Motor Vehicles . 25 % on
cost.
Intangible Fixed A&sets Amortisation Policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at Tates calculated to write
off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years.
Impairnient of intangible assets is only reviewed wh¢re circumstances indicate that the canying value of an
asset may not be fully recoverable.
Valuation Inforniation and Policy
Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due
allowance for obsolete 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 fmance 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 tenn, whichever is the shorter.
The interest element of these obligations 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
the period of the lease.
Research and Development Expenditure on research and development is written off in the year ill which it
Ès incurred.
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the
treatment of certain items for taxation and accounting purposes. Deferred thxation 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 2025
2. Intangible Assets
Total
Cost
At I" April
2024:
Additions:
Disposals:
Revaluations:
Transfers:
At 31st March
2025:
Amortisation
At 1st April
2024:
Provided
during the
Period:
On disposals..
Other
Adjustments:
At 31st Ma￿h
2025:
Net book
value
At 31st March
2025:
At 31 st March
2024:

Heartlands Furniture
Notes to the Financial Statements
for the Period Ended 31st Mareh 2025
3. TaDgible assets
Total
Cost
At I st April
2024:
13290
Additions-
68
Disposals..
Revaluations:
TTansf¢is:
At 3 1st March
2025..
13358
Depreciation
At 1st April
2024:
Charge for
year:
On disposals:
13255
Other
adjustments
At 31 st March
2025:
Net book
value
At 31 st March
2025:
13266
92
At 31 st March
2024:
35
Included in Motor Vehicles were assets held under hire purchase contrncts. The net book value of these
assets amounted to £0 (2024: £0)

Heartlands Furniture
Notes to the Financial Statements
for the Period Ended 31st March 2025
4. Debtors
Debtors include £Nil (2024: £Nil) falling due after more than one year.
5. Creditors
The following Directors loans are included within
creditors,.
Repayable
2025
2024
Between one and five years:
17479
11199
Over five years:
Total:
17479
11199

Heartlands Furniture
Notes to the Financial Statements
for the Period Ended 31st March 2025
6. Called up share Capital
Allotted, called up and paid
Previous period
2024
Class
Number of shares
Nominal value
per share
Total
Ordinary shares:
1.00
Preference shares:
1.00
Total share capital:
Current period
2025
Total
Ordinary shares:
1.00
Preference shares:
1.00
Total share capital:
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 issued, aklotted and fully paid for cash
at par.

Heartlands Furnithre
Notes to the Financial Statements
for the Period Ended 31st Iltsrch 2025
7. Related Party Disclosures
Name of the ultimate controlling party during the period:
D Mildren
Name of related paty:
L R Mildren
Relationship:
Spouse
Description of the transaction:
Loan
Balance at 1st April 2024:
st
Balance at 31 March 2025:
The loan is repayable within 5 years.
8. Transactions with Directors
Name of Director receiving advance or credÉt:
NIA
tkscription of the transaction".
NIA
Balance at I st April 2024..
Advances made:
Advances or credits repaid:
st
Balance at 31 Mareh 2025:
10

I certify that I have examined the financial statements of Heartlands Furniture for the year
ending 31 st March 2025. It is my responsibility to forn] an independent opinion, based on my
examination, on those statements and on the regularity of the fmancial 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 statements, and of wh¢th¢r the accounting policies are appropriate, consislently
applied and adequately disclosed. I planned and perfornied my examination so as to obtain all
the inforn]ation and explanations which I considered necessary in order to provide me with
sutTicient evidence to give reasonable assurance that the financial statements are free from
material misstatcment, whether caused by error, or by fraud or other irrcgularity and that, in
all material respects, the expenditure and income have been applied to the purposes intended.
In forniing my opinion I have also evaluated the overall adequacy of the presentation of
infomiation 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 2025 and of its loss, total income and expenditure
for the year then ended and has be¢n properly prepared.
I have no observations to make on these fmancial statements.
st
Signed this I day of December 2025...
..(K. Mount) Examiner