REGISTERED COMPANY NUMBER: CE011254 (England and Wales) REGISTERED CHARITY NUMBER: 1173732 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for Newlands Furniture Service Blenheim Advisory Limited Chartered Certified Accountants 3 Feast Field Horsforth Leeds West Yorkshire LS18 4TJ
Newlands Furniture Service Contents of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financlal Ststements 8 to 13 Detailed Ststement of Financial Activities 14 to 15
Newlands Furniture Service Report of the Trustees for the Year Ended 31 March 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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). OBJECTIVES AND ACTIVITIES Objectives and aims The main activities of the seNice are for the benefit of the community of the Bradford District wide regardless of political opinion, age, gender, ethnicity, marital status, religion, sexuality or disability, by working with local authorities, other voluntary organisation, and residents of the area in a common effort to improve education, to relieve poverty and improve the quality of life for the residents of Bradford. We are still experiencing an increased demand for our service and continue to explore ways to widen our reach and our offer to help those most affected across a wider area. Newlands Furniture Service has maintained and managed the Food Hub for another year and been able to keep the Advice Services with the worker 2 days a week to assist with debt management and advice on benefits and disability allowance as it was felt the community are still struggling financially managing the cost-of-living rise and increase in fuel costs. The Advice Service has played a vital role in giving out the government funded fuel vouchers to those struggling with fuel poverty at a local level. This year, the advice worker as handed out at least 300 fuel vouchers with a total value of around £7,000. Significant activities It has been even more challenging this year for Newlands Furniture Service and we continued to work with the local people to improve the quality of life, wellbeing and health through community action, access to low cost furniture, household items and clothing outlets, and our food bank and the advice service. Our flagship facility, the furniture warehouse, has been very busy with starter furniture packs and are busier than ever supporting families settling in Bradford following successful immigration, while continuing to be at the heart of the community, offering a wide range of furniture, clothing, and household items at a low-cost or free to people in need as well as ensuring any surplus furniture and resources are distributed to other charities and agencies supporting the community with the same objectives. The service has engaged with over 30,000 service users through the Food Hub, Furniture and household outlets and the Advice service continues to offer individual appointments, drop-in advice sessions, phone appointments and home visits when needed. The Furniture Service has continued to expand and grow over the past year. The service offers daily support, opening 4 days per week and for longer hours to make the facility more accessible for those in need and individuals working. The Food Hub has provided over 7000 parcels again this year to familieslindividuals struggling with financial hardship. This included home delivery for the elderly and extra parcels each month to support with holiday hunger and healthy Holidays, working in partnership with schools, churches and community centres to identify those in most need. Page 1
Newlands Furniture Service Report of the Trustees for the Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES Significant activities {cont...) The Food Hub offers access to food 2 days and the Advice service 2 days all continuing to offer the services needed more than ever. We have carried out a review of the days and times and made changes to meet the needs of the residents We have responded to the increase in food poverty and see a larger demand following the increase in the cost of living, rental costs and fuel rises and have increased our reach with additional funding bids, fund raising and sourcing additional food donations with partners and the reducing food waste networks. The Food Hub also now offers (by appointment only) to the community to come for food outside our opening times as it was clear a lot of people that work could not make it during the Hub's opening hours. We expect the service will be used even more next year and hope we can continue to support the residents and their families as much as possible. We hope to be able to keep the Advice and the Food Hub going for at least another year to help families get over the high cost of food and energy for the next year. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number CE011254 (England and Wales) Registered Charity number 1173732 Registered office The Depot, 18 Rockwell Lane, Thorpe Edge, Bradford West Yorkshire BD10 9HT Trustees Ms B Rhodes DLee Ms A Smithies Page 2
Newlands Furniture Service Report of the Trustees for the Year Ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Blenheim Advisory Limited Chartered Certified Accountants 3 Feast Field Horsforth Leeds West Yorkshire LS18 4TJ Approved by order of the board of trustees on 10 April 2025 and signed on its behalf by.. Ms B Rhodes - Trustee Page 3
Independent Examiner's Report to the Trustees of Newlands Furniture Service Independent examiner's report to the trustee&of Newlands Furniture Service ('the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 AGt') Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my exarnination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect.of the Company as required by Section 388 of the 2006 Act., or the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mohammad Arshad Blenheim Advisory Limited Chartered Certified Accountants 3 Feast Field Horsforth Leeds West Yorkshire LS18 4TJ Date". jtj Io.41 loLf Page 4
Newlands Furniture Service Statement of Financial Activities for the Year Ended 31 March 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fund fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 4,234 86,662 90,896 32,500 Charitsble activities Charitable activities 46,183 4,867 51,050 14,780 Other income 3,130 6,359 9,489 33,874 Total 53,547 97,888 151,435 81,154 EXPENDITURE ON Raising funds 2,578 35,942 38,520 Charitsble activities Charitable activities 64,959 4,071 38,050 103,009 4,071 69,873 900 Governance Other 2,129 3,367 5,496 4,754 Total 73,737 77,359 151,096 75,527 NET INCOMEI(EXPENDITURE) (20,190) 20,529 339 5,627 RECONCILIATION OF FUNDS Total funds brought forward 56,790 44,062 100,852 95,225 TOTAL FUNDS CARRIED FORWARD 36,600 64,591 101,191 100,852 The notes form part of these financial statements Page 5
Newlands Furniture Service Balance Sheet 31 March 2024 2024 Total funds 2023 Totsl funds Unrestricted Restricted fund fund Notes FIXED ASSETS Tangible assets 4,636 9,617 14,253 14,262 CURRENT ASSETS Debtors Cash at bank and in hand 33,044 2,460 39,915 15,059 72,959 17,519 67,809 20,237 35,504 54,974 90,478 88,046 CREDITORS Amounts falling due within one year (3,540) (3,540) (1,456) NET CURRENT ASSETS 31,964 54,974 86,938 86,590 TOTAL ASSETS LESS CURRENT LIABILITIES 36,600 64,591 101,191 100,852 NET ASSETS 36,600 64,591 101,191 100,852 FUNDS Unrestricted funds Restricted funds 36,600 64,591 56,790 44,062 TOTAL FUNDS 101,191 100,852 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting record that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitab.le company. (b) The notes form part of these financial statements Page 6 continued...
Newlands Furniture Service Balance Sheet - continued 31 March 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 10 April 2025 and were signed on its behalf by.. B Rhodes - Trustee The notes form part of these financial statements Page 7
Newlands Furniture Service Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. 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),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure gs soon as there 18 a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery Motor vehicles Computer equipment 250/0 on reducing balance 330/0 on reducing balance 25Q/o on reducing balance Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 8 continued...
Newlands Furniture Service Notes to the Financial Statements - continued for the Year Ended 31 March 2024 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting): 2024 2023 Depreciation - owned assets 5,496 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 32,500 32,500 Charltable actlvltles Charitable activities 12,286 2,494 14,780 Other income 33,874 33,874 Total 12,286 68,868 81,154 EXPENDITURE ON Charitable activities Charitable activities 2,686 900 67,187 69,873 900 Governance other 4,754 4,754 Total 8,340 67,187 75,527 NET INCOME 3,946 1,681 5,627 Page 9 continued...
Newlands Furniture Service Notes to the Financial Statements - continued for the Year Ended 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund fund Total funds RECONCILIATION OF FUNDS Total funds brought forward 52,844 42,381 95,225 TOTAL FUNDS CARRIED FORWARD 56,790 44,062 100,852 TANGIBLE FIXED ASSETS Plant and machinery Motor vehicles Computer equipment Totsls COST At 1 April 2023 Additions 29,545 3,030 32,575 5,487 5,487 At 31 March 2024 29,545 5,487 3,030 38,062 DEPRECIATION At 1 April 2023 Charge for year 16,561 3,367 1,752 319 18,313 5,496 1,810 At 31 March 2024 19,928 1,810 2,071 23,809 NET BOOK VALUE At 31 March 2024 9,617 3,677 959 14,253 At 31 March 2023 12,984 1,278 14,262 Page 10 continued...
Newlands Furniture Service Notes to the Financial Ststements - continued for the Year Ended 31 March 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors Prepayments 20 71,180 1,759 67,809 72,959 67,809 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Accruals and deferred income 556 900 3,540 3,540 1,456 MOVEMENT IN FUNDS Net movement in funds At 114123 At 3113124 Unrestricted funds General fund 56,790 (20,190) 36,600 Restricted funds General fund 44,062 20,529 64,591 TOTAL FUNDS 100,852 339 101,191 Net movement in funds, included in the above are as follows.. Incoming Resources resources expended Movement in funds Unrestricted funds General fund 53,547 (73,737) (20,190) Restricted funds General fund 97,888 (77,359) 20,529 TOTAL FUNDS 151,435 (151,096) 339 Page11 continued...
Newlands Furniture Service Notes to the Financial Statements - continued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds At 114122 At 3113123 Unrestricted funds General fund 52,844 3,946 56,790 Restricted funds General fund 42,381 1,681 44,062 TOTAL FUNDS 95,225 5,627 100,852 Comparative net movement in funds, included in the above are as follows.. Incoming Resources resources expended Movement in funds Unrestricted funds General fund 12,286 (8,340) 3,946 Restricted funds General fund 68,868 (67,187) 1,681 TOTAL FUNDS 81,154 (75,527) 5,627 A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 114122 At 3113124 Unrestricted funds General fund 52,844 (16,244) 36,600 Restricted funds General fund 42,381 22,210 64,591 TOTAL FUNDS 95,225 5,966 101,191 Page 12 continued...
Newlands Furniture Service Notes to the Financial Ststements - continued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming Resources resources expended Movement in funds Unrestricted funds General fund 65,833 {82,077) (16,244) Restricted funds General fund 166,756 (144,546) 22,210 TOTAL FUNDS 232,589 (226,623) 5,966 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. Page 13
Newlands Furniture Service Detailed Statement of Financial Activities for the Year Ended 31 March 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Grants 90,896 32,500 Charitable activities Activities for Generating Funds 51,050 14,780 Other income other income 9,489 33,874 151,435 81,154 Total incoming resources EXPENDITURE Other trading activities Purchases 38,520 Charitable activities Wages Social security Pensions Rent, rates and water Insurance Light and heat Telephone Postage and stationery Advertising Sundries Cleaning Travel expenses Motor expenses Repairs and maintenance Staff welfare Subscriptions Consultancy Entertainment 74,511 737 1,365 425 756 4,772 1,277 331 38 2,657 41 231 3,849 1,457 124 95 10,720 21 35,196 574 1,578 1,453 3,282 631 317 11,463 325 1,556 145 3,375 9,836 29 103,407 69,760 This page does not form part of the statutory financial statements Page 14
Newlands Furniture Service Detailed Statement of Financial Activities for the Year Ended 31 March 2024 2024 2023 Charitable activities Other Plant and machinery Motor vehicles Computer equipment 3,367 1,810 319 4,328 426 5,496 4,754 Support costs Management Computer expenses 160 113 Finance Bank charges 363 Governance costs Accountancy and legal fees 3,150 900 Total resources expended 151,096 75,527 Net income 339 5,627 This page does not form part of the statutory financial statements Page 15