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← Community Furniture Store (Ryedale) Limited

2025-03-31-accounts

Community Furniture Store (Ryedale) Limited FINANCIAL REPORTS For the year ending 31 March 2025

Community Furniture Store (Ryedale) Limited | Financial Reports - For the year ending 31 March 2025

Contents

Page
Reference and Administrative Information 3
Directors’ Report 4
Trustees’ Annual Report 5
Independent Examiner’s Report 9
Statement of Financial Activities 10
Balance Sheet 11
Statement of Cash Flows 12
Notes to the Financial Statements 13

Community Furniture Store (Ryedale) Limited | Company Limited by Guarantee

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Community Furniture Store (Ryedale) Limited | Financial Reports - For the year ending 31 March 2025

Reference and Administrative Information

For the year ending 31 March 2025

Charity Details

Registered Charity Name: Community Furniture Store (Ryedale) Limited

Charity Number: 1156411 (England and Wales) Principal Office Address: Unit 29, The Raylor Centre James Street York YO10 3DW Trustees: David James Nash Vera Van Gool Timothy John Leonard (resigned Feb 2025) Prakash Mistry Nicholas Thomas Dennison (resigned Oct 2024) Dr Matthew Farrelly David Graham Mitchell Tom Cooper Jenkins Thomas Meares (appointed Nov 2024) Emma Laura Thorne (appointed Nov 2024) Antony Jameson-Allen (appointed May 2025) Miles Goring (appointed Mar 2025) Chief Officer: Katy Ridsdill-Smith Independent Examinator: Nicola Ainscough FCA BSc Equilibrium Accountants Ltd 48 Goodramgate York YO1 7LF ____ Company Details Company Name: Community Furniture Store (Ryedale) Limited Governance Structure: Limited by guarantee Company Registration No: 08384583 (England and Wales) Registered Office Address: Unit 29 The Raylor Centre James Street York YO10 3DW Directors: David James Nash Vera Van Gool Timothy John Leonard (resigned Feb 2025) Prakash Mistry Nicholas Thomas Dennison (resigned Oct 2024) Dr Matthew Farrelly David Graham Mitchell Tom Cooper Jenkins Thomas Meares (appointed Nov 2024) Emma Laura Thorne (appointed Nov 2024) Antony Jameson-Allen (appointed May 2025) Miles Goring (appointed Mar 2025)

Community Furniture Store (Ryedale) Limited | Company Limited by Guarantee

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Community Furniture Store (Ryedale) Limited | Financial Reports - For the year ending 31 March 2025

Directors’ Report

For the year ending 31 March 2025

The directors (who are also the trustees of Community Furniture Store (Ryedale) Ltd for the purposes of charity law) present their report with the financial statements of the company for the year ending 31 March 2025.

Principal Activities

The principal activity of the company in the year under review was retail of furniture, lighting, and similar (not musical instruments or scores) in a specialised store.

Directors

The directors shown below have held office during the period 1 April 2024 to 31 March 2025:

Political and charitable donations

No contributions were made to political or charitable organisations during the year.

Statement of directors’ responsibilities

The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations. Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that year. In preparing these accounts, the directors are required to:

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Qualifying third party indemnity provisions

No qualifying third-party indemnity provisions have been made during the year.

Small company provisions

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006; the provisions of Financial Reporting Standard 102 Section 1A for Small Entities and with the methods and principals of the Statement of Recommended Practice: Small Charities 2005.

Signed ON BEHALF OF THE BOARD by:

………………………………………. ……………………………………… David Nash (Chair) Prakash Mistry (Treasurer) Date: …

Community Furniture Store (Ryedale) Limited | Company Limited by Guarantee

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Community Furniture Store (Ryedale) Limited | Financial Reports - For the year ending 31 March 2025

Trustees’ Annual Report

For the year ending 31 March 2025

The trustees, who are also directors of the charitable company, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Governing Document

The Charity is controlled by its governing document, a deed of trust, and constitutes a Company Limited by Guarantee as defined by the Companies Act 2006. The Company has no share of capital. Under the memorandum and articles of association, members of the governing board are directors of the Company and trustees of the Charity.

Appointment of Trustees/Directors

Trustees are appointed to serve for three-year periods. From 2019, trustee terms of office have been limited to a total of nine years to reflect Charity Commission good practice guidance. Trustees are recruited following a skills audit of Board members to ensure that the Board has the right skills and experience. All trustees are inducted into the organisation by the Chair and CEO and relevant training is provided.

During the year the following charges occurred in the Trustee Board:

Public Benefit Statement

The trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.

The company is a registered charity whose principal object is the relief of people in need through the provision of furniture and other household items. It does this by facilitating the donation of suitable items of furniture from members of the public and commercial enterprises, which are then made available for sale to people in need at a reasonable cost.

Structure and History

The charity is part of a group of three separate charities, all with the same objectives and purpose. Community Furniture Store (Ryedale) Ltd operates in the Ryedale area. The other charities are Community Furniture Store (Selby) Ltd and Community Furniture Store (York) Ltd and they operate in Selby and York districts respectively. The organisations share a board, central management and administration team.

Originally, the charities were set up as independent charities to meet expectations of funders who tended to prioritise funding in their own localities. However, the funding landscape has changed, and we are aware of the benefits that merging would bring to group of charities in terms of streamlining administration, clarity of strategy and a shared identity. In the Annual General Meeting held on 28 November 2023, the Board approved a motion to merge the three charities. Since then, throughout the 2024-25 financial year, we have been preparing for the merger with support from external consultants. The merger is scheduled for completion at the end of 2026.

Community Furniture Store (Ryedale) Limited | Company Limited by Guarantee

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Community Furniture Store (Ryedale) Limited | Financial Reports - For the year ending 31 March 2025

Charitable objects

Our charitable objects are:

Objectives, Vision and Purpose

Community Furniture Store is a grassroots charity that works with local communities in Scarborough to fight furniture and digital poverty. We do this by:

So that everyone in our local communities has equal access to the support needed to improve homes, lives and lifestyles.

Review of activities

We are an anti-poverty charity which supports people in need through the provision of good quality and affordable furniture. We do this by collecting pre-loved items of furniture and selling them on our shop floor at a low cost, with an additional 30% discount for anyone who is on means tested benefits, students and refugees.

Providing affordable furniture to people in need

Over the year 2024-25, we provided a total of 3,370 household items at a 30% discount to people eligible for our concessionary rate, supporting 1,921 households in the process. This equates to a total discount of £41,460 provided throughout the year. We have seen a 23% increase in uptake of the concessionary rate since last year. While this is less of an increase than the previous year, we attribute the increase to external factors such as the cost-of-living crisis, inflationary pressures and an internal effort to increase our reach in the local community through social media, leaflets and partnership working. We are committed to meeting the growing needs of our community to ensure everyone has access to the items needed to make a house a home.

Carpentry and Upcycling Workshop

The Carpentry and Upcycling Workshop at CFS offers opportunities for people in the local community to learn new skills, grow in confidence, and develop meaningful relationships. Guided by a Workshop Supervisor, volunteers repair and upcycle donations which are then sold on the shop floor, with all income reinvested back into the space. The workshop is an inclusive environment where volunteers learn new techniques, take ownership of projects, and contribute to design.

Over the reporting year, we welcomed volunteers who together completed 62 project pieces, averaging three to four repairs each week. In total, 169 items were upcycled, repaired, and sold, generating over £2,000 in revenue and giving a second life to items that would otherwise have ended up in landfill.

Volunteering

This year, we welcomed a dedicated Volunteer Coordinator to lead our new Volunteering Programme, helping to grow our volunteer numbers and strengthen the range of activities we offer.

We are extremely grateful for the support of all our volunteers, who contribute their time, skills and energy to help us achieve our mission. This year, we welcomed 20 volunteers who supported our shop floor and van operations, 3 of whom successfully moved into paid employment.

Community Furniture Store (Ryedale) Limited | Company Limited by Guarantee

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Community Furniture Store (Ryedale) Limited | Financial Reports - For the year ending 31 March 2025

The Carpentry and Upcycling Workshop continues to provide volunteering opportunities to people in the local community. Over the reporting period, the project was supported by a total of 18 volunteers.

Our volunteering partnerships continue to grow. Over the year, we have worked with the Refugee Council, Job Centre, Blueberry and Supporting Choice to offer volunteers opportunities to gain experience, develop new skills, and build confidence.

Collaborative working

We are committed to working in partnership with local organisations, charities and statutory organisations to increase our shared impact. We continue to work closely with organisations such as Little House Charitable Trust, The Rainbow Centre and North Yorkshire Council’s Homeless Prevention Team to supply furniture to those in need. Over the year, we have also developed new relationships with organisations including Homemore, SPARKs and Inspire North. We work in partnership with local charities, receiving referrals for people in need and supporting their work wherever we can.

Our Carpentry and Upcycling Workshop worked in partnership with local organisations, highlights included delivering Upcycling Workshops at Dunelm, building a planter for Hunmanby Station and running bird box making sessions at CaVCA.

Environmental impact

While our charitable purpose is to fight furniture and digital poverty, we recognise that there is a significant environmental benefit to the work we do. Over the year, we have saved 6,769 items from incineration or landfill which equates to 127 tonnes. This has prevented 250 tonnes of CO2 from being released into the atmosphere.

Key personnel changes

There have been no key personnel changes during the year. Our staffing has remained steady, with no significant changes or disruptions. We remain supported by Equilibrium Accountants, The Health and Safety Consultants and Karen Weaver, HR consultant.

Plans for the future

We launched our new ‘Looking-In Strategy’ at the start of the 2024 financial year which determines our 5 priorities:

  1. One charity: successfully merging the three charities alongside an organisational rebrand to streamline our operations and increase our impact across North Yorkshire

  2. A financially resilient charity: diversifying our streams of income and increasing our reserves through innovation, grant funding and online sales

  3. A healthy, inclusive and knowledgeable charity: ensuring we are equipping our people with the skills, knowledge and confidence to help us achieve our charitable mission

  4. A community charity: developing a Volunteering Programme that engages the local community through partnership and launching our anti-poverty strategy

  5. A safe, compliant and streamlined charity: implementing a new EPoS system to increase our productivity enabling us to support more people

Financial Review

The financial year has ended with a small net deficit (total income less total expenditure) of £390.

Total charitable income in 2024-25 was £241,716, compared to £227,611 in 2023-24, an increase of £14,105

Total expenditure on charitable activities in 2024-25 was £242,106, compared to £226,878 in 2023-24, an increase of £15,288.

The balance on unrestricted funds will reduce the charity reserves. There is no residual balance on the restricted fund as the income received was allocated in full during the financial year.

Reserves policy

Trustees have agreed a policy to hold unrestricted funds not invested in fixed assets of between three and six months of budgeted overhead expenditure excluding exceptional items, so that activities can continue in the event of a significant drop in income or a significant increase in expenditure.

Community Furniture Store (Ryedale) Limited | Company Limited by Guarantee

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Community Furniture Store (Ryedale) Limited | Financial Reports - For the year ending 31 March 2025

As at 31 March 2025 the target free reserves are £60,527 (3 months) of charitable expenditure. The financial statements show that free reserves are currently £38,695 which is £21,832 below this.

2025-26 budgets were set with a target surplus to increase the level of unrestricted reserves, and this will continue in the new financial year.

The reserves balance does not include the value of goods donated for resale in store at year end. This is because the charity has taken advantage of the exemption in the SORP allowing us not to value donated goods at fair value, as it’s impractical to measure the fair value of goods donated for resale so donated goods are therefore recognised when they are sold.

The charity also gratefully receives restricted grant funding for a specified purpose. These funds are kept separate to unrestricted reserves and used in accordance with the terms and conditions of the grant funding.

Risk Management

The CEO maintains a risk register which is reviewed quarterly at Board meetings. The Board monitors impact, probability, mitigations taken and identifies any additional action required.

Trustees’ responsibility statement

The trustees (who are also the directors of Community Furniture Store (Ryedale) Ltd for the purposes of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the income and expenditure of the company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Going Concern

The charity has generated a small deficit for the year but has reasonably maintained cash reserves. As such, at the date of signing these financial statements, the trustees expect the charity to continue to trade for the foreseeable future. On this basis, the trustees have prepared these financial statements on a going concern basis.

Signed ON BEHALF OF THE BOARD by:

……………………………………. …………………………………….. David Nash (Chair) Prakash Mistry (Treasurer)

Date: .

Community Furniture Store (Ryedale) Limited | Company Limited by Guarantee

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Community Furniture Store (Ryedale) Limited | Financial Reports - For the year ending 31 March 2025

Independent Examiner’s Report

For the year ending 31 March 2025

I report on the accounts of Community Furniture Store (Ryedale) Limited for the year ending 31 March 2025, which are set out on pages 10-19.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts and seeking explanations from you as trustees consequently no opinion is given as to whether the accounts present a “true and fair view”, and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

Have not been met, or

(2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Nicola Ainscough FCA BSc

Chartered Accountant Equilibrium Accountants Ltd 48 Goodramgate, York, YO1 7LF

Community Furniture Store (Ryedale) Limited | Company Limited by Guarantee

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Community Furniture Store (Ryedale) Limited | Financial Reports - For the year ending 31 March 2025

Statement of Financial Activities (Including the Income & Expenditure Account)

For the year ending 31 March 2025

For the year ending 31 March 2025

Notes
INCOME
Incoming and endowments from:
Donations and grants
4
Charitable activities
5
Investments
6
Total incoming resources
EXPENDITURE
Expenditure on:
Charitable activities
7
Total resources expended
Transfer between funds
Net income / (expenditure) for the year
8
RECONCILIATION OF FUNDS
Total funds brought forward as at 1 April 2024
Total funds carried forward as at 30 March 2025		 Restricted
Funds
£
Unrestricted
Funds
£
20,000
-
-
221,716
-
-		 Year to
31 Mar 25
Total
£		 Year to
31 Mar 24
Total
£
20,000 13,500
221,716 214,111
- -
20,000
221,716
20,000
222,106		 241,716 227,611
242,106 226,878
20,000
222,106		 242,106 226,878
-
-
-
(390)
-
48,888
- -
(390) 733
48,888 48,155
-
48,498		 48,498 48,888

The notes on pages 13-19 form a part of these financial statements.

A Statement of Total Recognised Gains and Losses is not required as all gains and losses are included in the Statement of Financial Activities.

There is no difference between the net income / (expenditure) for the year above and the historical cost equivalent. All activities are continuing.

Community Furniture Store (Ryedale) Limited | Company Limited by Guarantee

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Community Furniture Store (Ryedale) Limited | Financial Reports - For the year ending 31 March 2025

Balance Sheet

As at 31 March 2025

Balance Sheet
As at 31 March 2025
As at As at
31 Mar 25 31 Mar 24
Notes £ £ £ £
FIXED ASSETS
Tangible assets 11 9,803 11,962
CURRENT ASSETS
Stocks 12 2,822 3,325
Debtors 13 22,439 22,436
Cash at bank and in hand 25,523 31,446
50,784 57,207
Creditors: Amounts falling due within one year 14 (12,089) (20,281)
Net Current Assets / (Liabilities) 38,695 36,926
Total Assets less Current Liabilities 48,498 48,888
Creditors: Amounts falling due after more than one 15 - -
year
Net Assets 48,498 48,888
FUNDS
Unrestricted income funds
Restricted income funds
Total Funds		 17/18
17/18		 48,498
48,888
-
-
48,498
48,888
~~=~~
The notes on pages 13-19 form a part of these financial statements. The notes on pages 13-19 form a part of these financial statements.
Directors’ benefits: advances, credit and guarantees

During the year no benefits, in the form of advances, credit and guarantees, were conferred upon directors of the company.

Guarantees and other financial commitments

During the year no guarantees or other financial commitments were made.

For the year ending 31 March 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies and did not exceed the audit threshold under the Charities Act 2011 for the year in question. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of both the Companies Act 2006 and the Charities Act 2011, with respect to accounting records and the preparation of accounts.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and in accordance with the provisions of FRS 102 Section 1A – Small Entities.

The financial statements on pages 10-19 were approved by the members of the committee and authorised for issue on

_ ___ and are signed on their behalf by:

___ ______ David Nash (Chair) Prakash Mistry (Treasurer)

Company Registration Number: 08384583

Community Furniture Store (Ryedale) Limited | Company Limited by Guarantee

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Community Furniture Store (Ryedale) Limited | Financial Reports - For the year ending 31 March 2025

Statement of Cash Flows

As at 31 March 2025

Statement of Cash Flows
As at 31 March 2025
Notes
As at
31 Mar 25
£
CASH FLOWS FROM OPERATING ACTIVITIES
(5,819)
CASH FLOW FROM INVESTING ACTIVITIES
Payments to acquire tangible fixed assets
(104)
Hire purchase payments
-
Net cash flow from investing activities
(104)
Net increase / (decrease) in cash and cash equivalents
(5,923)
Cash and cash equivalents at 1 April 2024
31,446
Cash and cash equivalents at 31 March 2025
25,523
Cash and cash equivalents consists of:
Cash at bank and in hand
25,523
Cash and cash equivalents at 31 March 2025
25,523
Reconciliation of net income / (expenditure) to net cash flow from operating activities
Notes
As at
31 Mar 25
£
Net income / (expenditure) for the year
(686)
Interest receivable
296
Depreciation and impairment of tangible fixed assets
2,263
Interest on hire purchase agreements
-
(Increase) / decrease in stock
503
(Increase) / decrease in debtors
(3)
(Decrease) / increase in creditors
(8,192)
Net cash flow from operating activities
(5,819)		 As at
31 Mar 25
£
(5,819)
(104)
-


As at
31 Mar 24
£

3,699

-

(1,083)
(104)
(5,923)
31,446
(1,083)

2,616

28,830
25,523
31,446
25,523

31,446
25,523
31,446



As at
31 Mar 24
£

733

441

2,718

642

(236)

(12,592)

11,993
(5,819)
3,699

Community Furniture Store (Ryedale) Limited | Company Limited by Guarantee

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Community Furniture Store (Ryedale) Limited | Financial Reports - For the year ending 31 March 2025

Notes to the Financial Statements

For the year ending 31 March 2025

1. STATUTORY INFORMATION

Community Furniture Store (Ryedale) Limited is a private company, limited by guarantee, registered in England and Wales, registration number 08384583. The registered office and principal place of business is Unit 29 The Raylor Centre, James Street, York, YO10 3DW.

2. COMPLIANCE WITH ACCOUNTING STANDARDS

The financial statements have been prepared in accordance with the Companies Act 2006, the Charities Act 2011, the Accounting and Reporting by Charities for Smaller Entities: Statement of Recommended Practice applicable in the UK and Republic of Ireland (FRS 102) (Effective January 2015) - (Charities ‘SORP’ (FRS 102)); the provisions of FRS 102 Section 1A – Small Entities and all other applicable accounting standards in the United Kingdom.

3. ACCOUNTING POLICIES

Basis of accounting

The financial statements are prepared on a going concern basis, under the historical cost convention.

The charity has adjusted the formats of those prescribed by the Companies Act 2006 to include headings that are relevant to its activities, to enable it to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the entity.

The principal accounting policies, which have been applied consistently in the year, are set out below.

Revenue Recognition

Revenue is recognised in respect of gifts, grants, donations, and funds received for goods and services supplied during the year, exclusive of trade discounts, upon receipt.

Cash Flow Statement

For the year ending 31 March 2025, the company was entitled to exemption from the requirement, under Financial Reporting Standard 1: Cash Flow Statements (Revised 1996), on the grounds that the company is classified as small (as per the thresholds set from 6 April 2008). The trustees believe that a cash flow statement is necessary for a full understanding of the financial statements and have therefore included a cash flow statement.

Fixed Assets

All fixed assets are capitalised and included at cost, including any incidental expenses of acquisition.

Depreciation is provided on tangible fixed assets at rates calculated so as write off the cost of an asset, less it’s estimated residual value, over the useful economic life of that asset as follows:

Computer Equipment
Fixtures & Fittings		 - 33% reducing balance
- 10% straight line
Plant & Equipment - 20% reducingbalance
Vehicles - 20% reducingbalance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slowmoving items.

Donated Goods

The charity operates a retail Gift Aid scheme, whereby it administers the sale of furniture on behalf of members of the public, who then donate the proceeds to the charity, enabling it to claim a tax credit. While this is legally considered to be a cash donation, in economic substance it is similar to a trading activity, and therefore both the sale proceeds and the tax credit are included within ‘income from charitable activities’.

Community Furniture Store (Ryedale) Limited | Company Limited by Guarantee

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Community Furniture Store (Ryedale) Limited | Financial Reports - For the year ending 31 March 2025

The SORP requires that donated goods should be measured at fair value. The charity has taken advantage of the exemption in the SORP which allows this treatment not to be adopted if it is impractical to measure the fair value of goods donated for resale of if the costs of valuation outweigh the benefit to users of the accounts and the charity of this information. Donated goods are therefore recognised when they are sold.

Hire Purchase Agreements

Where an asset is purchased under a hire purchase agreement, the asset is capitalised and depreciated over its estimated useful life. The cash price is treated as an obligation under a hire purchase agreement and recognised as a liability. The liability is reduced as payments are made, and interest is recognised as an expense and an increase in the liability.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Allocation and apportionment of costs

All costs are allocated between the expenditure categories noted above on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. on a time expended basis or estimated usage.

Support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, payroll, and governance costs which support Community Furniture Store (Ryedale) Limited activities.

Governance costs include the cost of preparing the annual accounts, legal and professional fees and the charges levied in managing the bank accounts.

Funds structure

Unrestricted funds are funds that are available for use or retention at the discretion of the Trustees, in accordance with the Charity’s objects. Restricted funds are used as and when the actual expenditure on specific projects is incurred.

4. DONATIONS AND GRANTS

4. DONATIONS AND GRANTS
Restricted
Funds
£		 Unrestricted
Funds
£		 Year to
31 Mar 25
Total
£		 Year to
31 Mar 24
Total
£
Donations andgrants
The Albert Hunt Trust 3,000 - 3,000 -
The North Yorkshire Coast Fund 5,000 - 5,000 -
Dulverton Trust 5,000 - 5,000 -
Skipton BuildingSociety 1,000 - 1,000 -
Truemark Trust 5,000 - 5,000 -
The Inspire Fund 1,000 - 1,000 -
Jack Brunton Charitable Trust - - - 2,500
Awards for All - - - 10,000
Other donations - - - 1,000
20,000 - 20,000 13,500

5. CHARTIABLE ACTIVITIES

5. CHARTIABLE ACTIVITIES
Restricted
Funds**
£		 Unrestricted
Funds
£		 Year to
31 Mar 25
Total
£		 Year to
31 Mar 24
Total
£
Income

Community Furniture Store (Ryedale) Limited | Company Limited by Guarantee

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Community Furniture Store (Ryedale) Limited | Financial Reports - For the year ending 31 March 2025

ShopIncome -
203,893		 203,893 198,686
Sale of scrapmetal -
-		 - 78
WorkshopSales -
500		 500 -
Gift Aid tax credit* -
17,027		 17,027 14,984
Sundryincome - 296 296 363
0
221,716		 221,716 214,111

6. INVESTMENTS

All of the charity’s investment income arises form money held in interest bearing deposit accounts.

7. EXPENDITURE ON CHARITABLE ACTIVITIES

Restricted
Funds
£		 Unrestricted
Funds
£		 Year to
31 Mar 25
Total
£		 Year to
31 Mar 24
Total
£
Direct costs: -
16,590
16,590
Cost ofgoods sold 14,592
-
16,590
16,590		 14,592
Support costs: 15,014
120,244
135,258
380
38,728
39,108
4,585
33,734
38,319
Wages and salaries 120,878
Management charges 28,582
General office costs(includingrent) 39,301
Accountancy -
50
50		 1,431
Legal andprofessional -
210
210		 7,204
Admin Costs 21
3,366
3,387		 2,872
Vehicle Costs -
5,871
5,871		 7,608
Depreciation -
2,263
2,263		 2,718
Hirepurchase interest -
-
-		 642
20,000
204,466
224,466		 211,236
Governance costs: -
-
-
-
1,050
1,050
Management charges -
Independent examination 1,050
-
1,050
1,050		 1,050
20,000
222,106
242,106		 226,878

Community Furniture Store (Ryedale) Limited | Company Limited by Guarantee

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Community Furniture Store (Ryedale) Limited | Financial Reports - For the year ending 31 March 2025

8. NET INCOMING RESOURCES FOR THE YEAR

This is stated after charging:

This is stated after charging:
Year to
31 Mar 25
Total
£
Year to
31 Mar 24
Total
£
Depreciation 2,263
1,050
50		 2,718
Feespaid to independent examiner:
Independent examination 1,050
Other accountancy,VAT and consultancyservices 1,996

9. TRUSTEES’ REMUNERATION AND EXPENSES

No trustee was reimbursed any sum in respect of travel expenses during the year (2024: £nil) in relations to their trustee duties.

10. STAFF COSTS

Total staff costs were as follows:

Total staff costs were as follows:
Year to
31 Mar 25
Total
£		 Year to
31 Mar 24
Total
£
Wages and salaries 123,272 110,871
Social securitycosts 7,303 6,634
Payments to defined contributionpension schemes 1,806 1,156
132,381 118,661

The average number of staff during the year was 8 (2024: 7) and the average number of full-time equivalent staff during the year was 5 (2024: 6).

No employees had employee benefits in excess of £60,000 during the year (2024: nil).

11. TANGIBLE FIXED ASSETS

Land &
Buildings
£		 Plant &
Equipment
£		 Fixtures &
Fittings
£		 Motor
Vehicles
£		 Computer
Equipment
£		 Total
£
Cost
As at 1 April 2024 - 358 5,307 22,860 772 29,297
Additions - - 104 - - 104
Disposals - - - - - -

Community Furniture Store (Ryedale) Limited | Company Limited by Guarantee

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Community Furniture Store (Ryedale) Limited | Financial Reports - For the year ending 31 March 2025

As at 31 March 2025 - 358 5,411 22,860 772 29,401
Accumulated Depreciation
As at 1 April 2024 - 264 1,674 15,057 340 17,335
Charge for theyear - 19 541 1,560 143 2,263
Disposals - - - - - -
As at 31 March 2025 - 283 2,215 16,617 483 19,598
Net Book Value
As at 31 March 2025 - 75 3,196 6,243 289 9,803
As at 31 March 2024 - 94 3,633 7,803 432 11,962

12. STOCK

All the amounts shown as stocks are in respect of goods for resale.

13. DEBTORS

DEBTORS
Year to
31 Mar 25
Total
£		 Year to
31 Mar 24
Total
£
Trade debtors 1,169 3,482
Other debtors:
VAT repayment 1,742 1,375
Gift Aid tax credit 17,027 14,984
Prepayments and accrued income 2,501 2,595
22,439 22,436

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Year to
31 Mar 25
Total
£		 Year to
31 Mar 24
Total
£
Trade Creditors 6,697 16,146
Hirepurchase agreements - -
Amounts owed to associated undertakings(note 16) 2,109 1,147
PAYE Creditor 2,060 1,145
Accruals and Deferred Income 1,223 1,843
12,089 20,281

The company secures the following liabilities disclosed under creditors falling due within one year:

Year to Year to
31 Mar 25 31 Mar 24
Total Total

Community Furniture Store (Ryedale) Limited | Company Limited by Guarantee

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Community Furniture Store (Ryedale) Limited | Financial Reports - For the year ending 31 March 2025

£ £
Bank loans and overdrafts - -
- -

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Year to
31 Mar 25
Total
£		 Year to
31 Mar 24
Total
£
Hirepurchase agreements - -
- -

16. RELATED PARTIES

The trustees of the charity are also the trustees for Community Furniture Store (York) Ltd. During the year, the charity issued invoices totalling £58,681 plus VAT (2024: £35,728) to Community Furniture Store (Ryedale) Ltd. A total of £15,794 plus VAT (2024: £14,758) related to the recharge of stock, £39,108 plus VAT (2024: £12,177) related to management recharges, and the remainder consisted of the recharge of office equipment and professional fees.

In addition to this, during the year the York store paid invoices of £962 plus VAT (2024: £95) which related to the Ryedale store. Creditors include this amount of £1,057 which was still owed to the York store at the year-end (2024: £95).

The trustees of the charity are also the trustees of Community Furniture Store (Selby) Ltd. During the year, the Selby store did not pay any invoices which related to the Ryedale store. Creditors include this amount of £1,052 which was still owed to the Selby store at the year-end (2024: £1,052).

17. MOVEMENT IN FUNDS

17. MOVEMENT IN FUNDS
Balance at
31 Mar 24
£		 Incoming
resources
£		 Outgoing
resources
£		 Transfer of
funds
£		 Balance at
31 Mar 25
£
Unrestricted Income Funds:
General Funds 48,888 221,716 (222,106) - 48,498
Designated Funds - 20,000 (20,000) - -
48,888 241,716 (242,106) - 48,498
Restricted Income Funds:
The Albert Hunt Trust - 3,000 (3,000) - -
The North Yorkshire Coast Fund - 5,000 (5,000) - -

Community Furniture Store (Ryedale) Limited | Company Limited by Guarantee

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Community Furniture Store (Ryedale) Limited | Financial Reports - For the year ending 31 March 2025

Dulverton Trust - 5,000 (5,000)
Skipton BuildingSociety - 1,000 (1,000) - -
Truemark Trust - 5,000 (5,000) - -
The Inspire Fund - 1,000 (1,000)
- 20,000 (20,000) - -
Total Funds - 20,000 (20,000) - -

The designated fund represents funds set aside by the trustees for the future replacement of fixed assets. The restricted funds are explained at note 4.

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS

General
Funds
£		 Designated
Funds
£		 Restricted
Funds
£		 Total
Funds
£
Intangible fixed assets - - - -
Tangible fixed assets 9,803 - - 9,803
Current assets 50,784 - - 50,784
Creditors: amounts falling due within
one year		 (12,089) - - (12,089)
48,498 - - 48,498
Creditors: amounts falling due after one
year		 - - - -
Net assets at 31 March 2025 48,498 - - 48,498

19. OPERATING LEASE COMMITMENTS

The charity had the following future minimum lease payments under non-cancellable operating leases relating to premises for the following periods:

Year to
31 Mar 25
Total
£		 Year to
31 Mar 24
Total
£
Within oneyear 19,000 18,000
Between one and fiveyears 38,000 -
57,000 18,000

20. COMPANY LIMITED BY GUARANTEE

The company is limited by members’ guarantees and therefore has no share capital. The guarantee given by members is limited to £1.

Community Furniture Store (Ryedale) Limited | Company Limited by Guarantee

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