Charity number: 1179323 

## SHREWSBURY FURNITURE SCHEME 

## UNAUDITED 

TRUSTEES' REPORT AND FINANCIAL STATEMENTS 

FOR THE YEAR ENDED 31 MARCH 2025 



SHREWSBURY FURNITURE SCHEME 

## CONTENTS 

||Page|
|---|---|
|Reference and administrative details of the Charity, its Trustees and advisers|1|
|Chairman's statement|2|
|Trustees' report|3 - 5|
|Independent examiner's report|6 - 8|
|Statement of financial activities|9|
|Balance sheet|10|
|Notes to the financial statements|11 - 22|





SHREWSBURY FURNITURE SCHEME 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 

|Trustees|G Baker|
|---|---|
||N Bryant, Treasurer|
||M Hall|
||R Pearson, Vice Chair|
||M Roberts|
||W Strachan, Chair|
|Charity registered<br>number<br>1179323<br>Principal office<br>Unit 9b<br>Hartley Business Centre<br>Shrewsbury<br>Shropshire<br>SY2 5ST<br>Shop Manager<br>J Lawley<br>Warehouse Manager<br>G Bevan<br>Accountants<br>WR Partners<br>Chartered Accountants<br>Belmont House<br>Shrewsbury Business Park<br>Shrewsbury<br>Shropshire<br>SY2 6LG||



Page 1 



SHREWSBURY FURNITURE SCHEME 

## CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 

The chairman presents his statement for the year. 

In the year to March 2025, the Scheme has continued to serve and help those people in our community who may struggle to fill their home with essential furniture needs. This need has grown as evidenced by the monetary sales from our warehouse which increased by 20%. 

Sadly, our town centre charity shop saw a fall in takings. The furniture we offer from this outlet continued to be of high quality and the staff and volunteers have worked diligently, but other factors determined that our town centre outlet was no longer viable for us and a decision was taken to exercise a lease option and close the shop in November 2025. 

However, in tandem with the shop closure, we have plans in place to improve our online offering. Through social media and in general informing people about who we are and how we can help, we believe that The Shrewsbury Furniture Scheme is creating a greater awareness in the county. 

We must thank our wonderful volunteers at the shop and warehouse who have freely given of their time to support the charity, and to the employees and trustees who all help to ensure that the Scheme provides essential support to those less fortunate within our community. 

Our volunteers include: 

Harry Bates Lyn Bowley Pat Cullimore Liz Davies Magnus Hutchins Barrie Love Dave Parsons John Pritchard Toni Salema Caroline Turner 

As always, we must thank those people in Shrewsbury and Shropshire who have donated worthy furniture and other household goods. 

The scheme is also supported by a number of organisations who have provided us with grants. The National Lottery Community Fund assisted with the purchase of a new van, whilst other donors included Veolia, the Albert Hunt Trust Fund and others. We are very grateful. 

We are reliant on our volunteers and our grant donors. This continued support means that together with a solid trading position, we have a strong financial base with reserves at £128,813. However, we are very aware that costs continue to rise. A challenge we have is the recruitment of volunteers, but we continue to monitor our activities whilst the key aim of assisting those less well off remains paramount. 

W Strachan Chair 

Page 2 



SHREWSBURY FURNITURE SCHEME
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual repcwt with Ihe fmancial stslements of the Charity for the year 1 April
2024 to 31 March 2025.
The accounts have breached the receipts and pasThents threSh(￿d during the current year. therefore the prior
year figures have been restated to indude fixed assets. debtors and crethlots.
Shrewsbury Fumilure Scheme was esta￿lshOd In 1994. Our key for￿5 was. and still is, providing for peopl8 on
low incomes with quality, affordable, reuso lumiiure and household goc*Js. As we began to grow, in 2014, we
decided lo open our own charity shop in Caslle Slreel. Shrewsbury. housed more quality. affordablg, prg-
loved furnilur8 available for sale lo the general pul￿•¢. Whilst gener8ting an income Stream for the scheme for
many years. sadly. the high running costs of the premises arxl 8 downturn in donations meant that the shop
became untenable and the doors ch)5ed al the end ol November 2025, bul is due lo rwen in January 2026 as
an onlin8 shop.
With SFS Sglect. every purchase made h81p5 keep the main Wa￿hoUse very affordable to give back to the local
community. keeping our charity funnino aThJ able to mK18 fof P8OFAe in ng8d.
Obl8ctlv•s and a¢tlvltS•*
. Pollcl•8 •nd obl¢ctlvo•
To r8llev& povety and protect 8nd preserve e￿rOnMent.
We work with local councils. housing aSSCK$8tions. and community organisalions lo provide lurnllure and
household essentials to people in a wde raThJe ol rArcumstances. from those mowng into their fir51 horne to
indivlduals and farThli8$ on low Iwjmes or l&ing finandal hardshlp.
In setting obJect*ves and pl8nnlng for acllviU8s. thg TnJstee8 have glven thje Consklerath￿ to ggneral guidance
published by the Charity CoMmis￿On rd8tirKJ lo public benefit. induding Ihe 9￿￿lance 'Public benefit.. rL¢nning 8
chority IP82}'.
b. Str•t•gl•$ for achlovlng obJ•etl¥•#
Colleclinq donale(l ffijmiturg. rewaing. renovalw arKI repawino whth woukl otheThvlse be dIsr￿ed of as landfill.
c. Actlvltles und•rtak•n to ach1•￿ ob}•ctlv•*
Through our warehouse, shop Ictosed from November 20251. online shop lfrom January 20261 and Ioc81
workshop, we alm to Pfovide quality secorKlthnd fumrture to Shiewsbjry and the surrounding areas. WI￿ your
generous donations of secondthand fijmilure. we a￿ able lo supply a wide r8TvJe of Item8 from sofas and beds
to wardrobgg and kitchen appliancès in both OLbr warghwse and s•lact glw.
Our warehouse, loealed in Unil 9b. Hartley Business Centre. Monkmi)or Rd. is where we slod( a large amount of
our second-hand fvmilure in Shrewsbury. Here. we provide fvmrtu￿ for Sow4ncome tamilies at lower prices. all
designed lo help people in need. From bedroom tumiture and sofas lo pushchairs and krtchèn appliances, we
have everything you need to 901 started. Recently. our warehouse has also been opèned up to the pub14C to help
sustain our charita￿0 objectives. Unwanted fumitUTg can be donated here.
(￿r local workshops are currentty hekl on a Friday moming, 10 am- 1 pm. We invit8 p8oplo of all abilitles lo joln
us in learning basic tsp¢￿]ng and upholstery skills. Paitiopant5 can bring along their own projecl to work on or
giva a new lease of life to 8 piece offurniture tknated to chanty.
Pdge 3

SHREWSBURY FURNrllJRE SCHEME
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Achievements and perforn)an
a. Maln achleveThents of the Charity
The Trustees are proud that the Charily has managed lo keep wng in the oJrr8nl e￿noMiC dimate. This has
been helped in part by th8 receipt of grants to help towards our costs.
Flnancial ievl•w
. FlnancSal Summary
Ineome during the year amounled to £280.647 12024 £183,207), whith resulted in a nel surplus of £43,497
12024.. £18,640 delicitl. There were to181 (unds al ￿or end of £12O,61J, which include5 a balance of £9,fj41 hgld
within restric1￿ lunds, and the remaining £119.172 unrestricled. The unrestricted frjnd balanc8 includes tangible
fixed asseis with a nel book value of £35.753.
b. Reser￿S pollcy
The charlvs pollcy Is lo hokl rgserves sufficient lo alknv It lo run for a pericmj of 3 months following 8ny decision
made by the board 10 dose ihe chadty. CuThentty Ihe charftys alm is ￿ hc4d a roserve of £35,ClJJ.
Free reserves Ihal a￿ nol sel aside lor a spgufic purpose 8re available for 98￿ra1 use by the ch8rily. The
INJure is calculated as Un￿$t￿"CIed furKls less any fixed assets, and at year end this sioc4J at £83,419 12024.
£78,119). This would cover over 4 months of this years average expenditure.
. GolDg ¢on¢•rn
After making appropriate enquiries, the Trustees have a reasonable eXpectat￿n that the Charity has adequate
f880urc88 to continue in operational oxislcncc lor thc forcsoeablo futu￿. For this feason. they continuo to adopt
th8 going concem basis in preparing the financial statements. Further dètails regarding the adoption of the going
concern basis can be lound in Ihe accounting FK4ici&8.
Structurei gov•man¢¢ •nd m¥n4gement
. Constitutlon
Shr8wsbury Fumiiure Sc￿Me i8 a r8gislered dwty. number 1179323. and is consliluled under a Trust deed.
b. Methods of appolntment or •l•ctlon of Trnstee•
The management of the Charity Is the respK)nslb￿Ity of the Trustees who are elected and co￿pIed under the
temis of the Trust deed.
c. Organlsatlonal structur• and d¢¢lslonwmaklng pollclgs
The Trustees have formal quarterly meetiros along side sub groups who meet more often to ensuTe Support is
avall8ble for our staff and volunteers
Page 4

SHREWSBURY FURNtfuRE SCHEME
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Slructurep governanc• and manag•ment IcontSnuedl
d. PolScles adopted for the induction and tralnlng of Trustees
On appointmenl. a n￿Y elected Iruslee must read. understand and attept Ihe dutss and fesponsibiliti&s of
trustee as ouuined in the Charity Commissw booklets CC&Th8 Essonlial Trustee.. whal you need to know. and
CC3 Idl". R¥¥puii¥ibililies uf Charity Trus1895.
Statom•nt of Tru$t•tt' r•sponslbilitl•s
The Twst88s ar8 responsibl• lor preparing the TnJstees' report and th• financial statements in accordanco with
applicable law and Uniled Kingdom Accounb"ng StarKlards (United lQngdom Generally Accepted Accounting
Practice).
The law applicable lo ¢harilw in England & Vlales requires Trustees lo wepar8 financA41 statemgnls for
¥aLlI firiiifi¥i*il wliibli yivv a true fair vlew of the slate ol affalrs ol Ihe Charfiy and of Its Incc*mlng
resources and aKylicatK)n ol rv6ourcB5. ir￿ludir¥a its wioyne and exFendilure. foi Ihal perK%J. In preparing the$8
financial slalements. th8 Trustoes ar8 roquir8d lo..
select sulta￿e accounting policies and then ath Ihem consislenty..
observe the methods and printiples ol Ihe Cl)arilies SORP IFRS 1021.
make judgments and accounting estimates thal are reasonable and prudent.,
slate whether appltcabl& UK Ac(x)unling St8fKlards IFRS 1021 have been kAk)we(1. 8uty.ect 10 any malerf81
departures disd05ed and explained in the financial sl8lemenls.'
prepare th& finandal statemen15 on the going Con￿rn basbs unl888 tt is 4nappmpn.ale to Presume that the
Chartty wlll conllnue In business.
Tho Truste￿ aro responsib￿ for keeplro *Jequal8 acC￿ntir￿J rgclyds Ihat a￿ sufficlenl to show and explaln
the Charivs Iransactions and disdose wlh reaSona￿e accuracy al any time Ihe financial position of the Charity
and enable them io ensure Ihat the financial staiemenls u)mply *iUI tlitt Clitirili¥s ALI 2011. tli¥ Clidrily
(Accounis and Reports) Regulai¥)ns 2Crf)8 and the provisions of the Trust deed. They are also responsible for
98leguartling the assets of the Charity arKI henc8 lor taking reaSonal￿e steps lor the p￿VentiOn and detèction of
fraud and other irregularities.
Approved by order of thè mombgrs of thg bo8rd of Trustees and sKJned on their behalf by."
W Strachan
(Chalr of Trusleesl
201
Page S

SHREWSBURY FURNITURE SCHEME
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Ind¢p•nd•nt ex*mlnerf¥ r•pgrt to th• Trust•e¥ of Shrew¥bury Furnlturn Sch•m• Ilh• Charl
I report to the charity Trustees ￿ my examlnallon ol the accounts of th& Ch8rity for the year ended 31 Marth
2025.
R••pon•lbllltlM and b••l• ol r•port
As tho Tntslee8 of thè Chaiity are re¥￿r￿1)le ftx th• WOP8T*ion of thg accounls rn accordancg With the
requlr6men18 01 the chai11￿5 Act 2011 llh8 2011 Arf).
I report In respect of my examlnatth of the Chaiitl$ o(£ounts orried out undor 8ediw 145 of the 2011 Ad and
In Ca￿n9 out my examinab'on I have fdkr*ed tho applicable Dirncliorffj glven by the Charity Commksbn under
seGUon 14515llbl ol the 2011 ACL
Pa9e 6

SHREWSBURY FURNrruRE SCHEME
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Independent examlnerfs ststom•nt
Since the Charitys gross irKome exceeded Q50.(KKJ ywr examingr musl be a member of a body listed in
section 145 of thts 2011 Act. I confirm Ihat l am qualified to undertake Ihe exaffllnat￿￿ bgcause l am a member
ol ACCA. which is one of the lisled tKMJies.
Yovr allenlion is drawn lo the fact thal the Charlty has p￿pared the accounts in accordancg With Accounllng and
Reporting by Charities.. Stalem6nt of Recommended Practice ap￿icable to charil￿S preparing their accounts in
accordance with the Finanaal Repwti'ng SlarKlard applicable in the UK and Republic of Ireland IFRS 1021 in
preference lo the Accounknng and Roporting by Chaftti6s.' Statement of Rec¥mmende(I Practice issugd on 1 April
2005 whieh ig rofoThod to in lh¢ oxtanl re9ulation8 has boon T*￿ra¥￿.
l undorsland Ihat this has boon do￿ kn order for thg accounts to pmvid• 8 tnJ• and falr vlaw in aeeordanee with
the Generalty Accepted Accounling Practice effectNe for reportiro peric￿$ b89inniry on or after 1 January 2015.
I have corn￿81ed my examlnatk)n. I c(mfirm that no matters havg come to my attenlion In connectk)n wlth the
examination giv1￿j me cause lo bel￿¥6 that in any material Tespe(I'.
8ccounting records were not kept in re5F*d of ihe Charity as rtquired ty section 130 of the 2011 Act,. or
thè accp)unts do riot with Iho3e record8; or
Ihg a¢￿￿nIS do not Corn￿y ￿ Ihe appliCa￿e requiremenls conceming the fom 8nd conlenl of
accounts set oul in the Charities (Accounts and Reports} RegulalK)ns 2LI)8 other than any requirement
that tho a￿o￿niS give a 'lrue and 181¢ which is Tr)1 a matter consKlered as part of an independent
examlnallon.
I have rn Cor￿emS and have come acr088 no other Matte￿ in connection the examlnatton lo whlch
8tl8nlkJn Should bg drawn in this report in order to ena￿0 a propgr underslandlng of Ihe accounts to b8 reached.
Page 7

SHREWSBURY FURNMJRE SCHEIAE
IIIDEPENDENT EXAMINEWS REPORT {CONTINUED)
FOR THE YEAR ENDED 31 klARCH 2025
Thls report 15 made soL91y to the Charitys Truste8s. as a body. in aCc#)niar￿e wlth Part 4 01 the Charille$
lAc￿unt9 8nd Reports) RegulalvJns 2rJ)8. has been undèrtaken so that I rn￿Jht stste to the Charivs
Trusiees those matters l am requlred to slate to thern In an Independent examiners repon and for no other
purpose. To the lullesl extent pe￿itted by law. I do not accept or assume responsibility lo anyone othgr than the
Ch$rity and tho Ch•iiVs Trusloos as a body. for my or fDr thi5 r•porL
s￿Jn811.'
T Lunt
D8tsd.' 12 January 2026
8A FCCA MTPI
WR P•rtn•r4
ChArtarad AcexAJnlAnts
8elmonl House
Shr8Wsbury 8u¥lness Park
Shrewsbury
Shropshire
SY2 OLO
Page 8

SHREWSBURY FURNITURE SCHEME
STATEIAENT OF FINANCIAL ACTMTIES
FOR THE YEAR ENDED 31 MARCH 2025
Re•tr5Gt￿ Unre¥trlrl•il
funds
fund5
2025
2025
Totsl
funds
2025
Ttxal
funds
2024
Not•
Incom• from..
Donations and legacies
Charitabl8 activities
Investments
112.162
21,081
145,438
133,243
145,438
1,966
36,896
145,857
454
Total Incom•
112.162
168,485
280.647
183,207
Expondltur• on.,
Charitable aclivities
60.780
176.370
237.150
201.847
Total ex￿ndItUre
60.780
176.370
237,150
201,847
N•1 Incomell•xp•ndltur•l
Transfeis be￿9￿￿ Itjnds
51.382
141,741)
17.885)
41,741
43.497
(18,640)
15
N•t movement In lund$
9,641
33,856
43,497
(78.640?
R•con¢lllatlon of fund#:
Total lunds brought forward
Net movement in fvnd8
86,316
33,856
85.316
43.497
103,956
(78,640)
9,641
Total fund$ Carr1￿ forward
9,641
119,172
128,813
85,316
Th8 Statemonl ol financial activities indudes all g81ns andlosses Te¢ognised in the year.
Tho nol8s on pages 11 to 22 form part of the8e finaneial statements.
Page g

SHREWSBURY FURNMIRE SCHEME
BALANCE SHEET
AS AT 31 IAARCH 202S
2025
2024
No
Flx¢d 4¥¥•t•
Tangible assets
35,753
7,197
35,753
7,197
Curr•nt •s••ts
Debtor#
Ca¥h al bank and in hand
12
7.110
92.748
4460
76,151
80.611
Curr•nt Il•bllltl••
Crodilor8.' •m￿nIS falling due wthin
y￿r
13
(8.m)
(2,492)
N•1 eurr•nt ••••t•
93.1)60
78,119
Totsl ••••t• IM• ¢urr•nl Il•blllll
128,813
85,376
Total n•t u#•ts
120.813
85,316
Charty fund•
Reslncted fvnds
Unr6slrlct8d fund$
15
15
9.641
119.172
85,316
T¢)tsl fund•
128.813
85.316
The financlal statements wore approved and auth0ri88d for188ue by the Tru81e88 and slgned on tr*lr behaff by..
W Strneh*n
{Chair of Trustees}
Date-
Th• notes on pa9•s 11 to 22 frymi part ofth•8e finanaal 8tatsm•nts.
Pa98 10

SHREWSBURY FURNtruRE SCHEME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Gen•ral Infomlation
Shrewsbury Fumilure Scheme is a charity founded w) 1996 and regi¥lered Ihe Chanty Commission
(Charilv No 11793231.
the charity opgrales from Ifs registered address staled on pagè 1 of the accounts, and recycl8s fumilure.
Ivrtriral h¢Msehold goods for r&Ltse In the (x)mmunity.
The accounts have breached th8 rec8ipls and Pa￿￿ents threshokl durin9 the current year, therefore the
prior year figures have been restated lo include fixed assets, debtOTS and creditors.
Accounilng poll¢l
2.1 Bas1$ of pr•paratlon of financlal stat•mnts
The finanoal slalement5 have been Prepared k) accordance ￿1h the Charllies SORP IFRS 102} -
Accounting and Reporting by Charitss.. Slatemenl ol Rewmmended Practice applicable lo chorilies
piopariThJ their accounts in accordaF)c¥ willi ili¥ Firwiii￿l R¥wilng Standard appllcable In the UK
and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard
apJicable in Ihe UK and RepublK of Ireland IFRS 1021 and the Charili8s Acl 2n11.
Th& financial stalements have been ￿pared lo give a and fairf vigw and have departed from
the Charities (Accounls and Reports) Regulations 2008 only lo Ihe exl¢nt required to provide a 'lrue
and fairf view. This dep8rture has invdved following the Charities SORP IFRS 1021 published in
C)rtnhRr ?n1q ralhar than Ihè AccounUn9 and R•porb"rrfJ by charit￿.. Slatgmgnt ol Rocommond•d
Pradce effective from 1 April 2005 which has slnee been withdrawn.
Shwwsbury Fumiturg Schemgshrewsbury Fumilura Scheme meets th& defin6tlon of a public b8nefil
entity Lsnder FRS 102. A￿15 and liab￿￿8$ 8re intti81ty recognised al histsi¢81 cost or transaclh
valu• unl•ss otherw68 8tated in thè ￿leVant a￿OUntIng polbcy.
2.2 Incom•
All income is recognised once the Charity has entill￿nent to the Income, it is probabl8 that the
Sncorne wll ￿ recewed and the amount of inccry re(tivable can be ffleasur￿ Ii*liably.
Grants are inclvd8d in the Ststemenl ol financial aclivitres on 8 receivable basis. The b8lanc8 of
Income received for specific purposes twjl nol expend8d during the period is shown in the Telev8nt
funds on the 8alance sheel. whe￿ income is received in thance ol entit￿ment of receipt, its
rebuyilii￿rI defETred arKI induded In crediiors as deferw Income. Where entitlement occurs
befo￿ income is rgcgivad. Ihe income is aetrued.
2.3 Expfrndltur•
EX￿ndi￿re s recc<Jnised once th8T8 rs a legal or cO￿tructIVe obliga￿n lo transfer economic benefit
to a third party, it is probable thal a transfer of economic benèfits will be required in settlement and
the amount ol the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the lolal of direct costs and shared costs, induding support costs
involved in undertakn'ng èach a¢l￿ty. Direct costs attributsble to a single activity a￿ allorated directly
to that actiwty. Shared costs whth contn'bute to morè than one actNity and support costs which arg
not attributable to a single activty a￿ apporboned betr￿en those actiwties on a basis consistent with
the use of resources. Central stsff ¢y)5ts are allocated on the basis of lime spent. and depTecialion
charge5 alkjcaled on the [￿￿On of the asset's use.
Paye 11

SHRE¥VSBURY FVRNITURE SCHEME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 202S
Accountlng policies Icontinuedl
2.3 Expendlturo l¢ontInu￿)
Expenditure on tharitable activities is irb)Jrred on directly LmdertakirYJ the activitie5 which further the
Charitys obiecknves. as well as any associated support eosts.
2.4 Inter8St r•¢•lwab
Interest on funds hekl on dewl is induded when feceiv8ble and the amount can be measured
li8hly by the Chartly. Ihis is normalty upon notificalion of th• Inte￿1 paid or payablg by tho
Instituti￿ wth whom the lunds are deFosiled.
2.5 Tanglble flxed a$$•ts and d•prncl•tlon
Tangl￿0 fixed assets aro ¢opilaliGod and rocognised whon fvlwe economic benefits are probable
and the c05t 01 valLte of the assel can be measured reliably.
Tangible fixed assets Ire inttially fecognised al cost. After reccgnilvn. under Ihe cost model. tangible
lixed assets are measured at cost less accumulated dep￿iation and any accumulaled impairment
1053tr9. All coJts incurr¢d lo bring a tsngibkn fixed a¥391 into Ils Inlend8d cvrKlil¥Jii ¥liuuld
Included in the measLtrem•nt ol cost.
Depreciabon Is ¢harg8d so as to olloc81e the cosl ol langibl8 fixed 088els $888 their residu81 value
over their estimated uselul lives. on a reducing balance basis.
Dep￿ClatsOn b5 pfovkled cm Ihe folk)V￿n9 basis..
EquSpment
Motor vehicles
Fixtures aThJ frttsrvJs
25%
25%
25%
2.6 D•btor•
Trade and other debtors 8re recognised al the settlement amount after any tr8de dlscounl offèred.
Prepayynents are valued at Ihe anw)unl P￿paid r￿1 ol any trade discc¥Jnts due.
2.7 Cash at bank and In hand
Cash at bank and in hand includes cash and short-tem) highty Imjuid investments with a short maturity
ol three months or tess from the date of acquigb.on or opening of Ihe deposil or similar account.
Pag8 12

SHREWSBURY FUR141TURE SCHEME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng polkles {contInu￿)
2.8 Llablllties and provlslons
Liabili￿9$ are recojnised vthan Ihere is an obligation al Ihe Balance Sheet dale as a result of 8 past
evenL il is probable Ihat a Iransler of ecorK)mic b&nefil will be requireil in setllemenL and the amount
of the setuemenl Can be estimated reliabty.
Liat￿lItieS are recognised al Ihe amount that thg Charity 8ntiapales rt will pay to setlje the debt or the
amount il has receiv8d as at1vanced payThenls for the gcKrfJ5 or services it musl provide.
Provisions are measured al the best estimats of the anY)unts rnquired to settle the obligation. Where
the effecl of ihe lJm8 value ol money is malenal. the prowsion is base(1 on the present value of those
iilL)uiilb, di5counled at Ihe pre-tax dlscouni rate thai reflects the nsks specjfic to the liability. I he
unwinding ol the dyscounl is recognised in Ihg Statement of financ4al activities as a finance cost.
2.9 Flnan¢lal In$trum•nt8
The Chafty onty has h'nanual a5sel$ an(1 finar￿al liabilities ol a kind Ihal quallfy as basic financial
Inslrumenls. Basie financial instruments arè initially recognised al transaction value and sub$eouenlly
moasurod at Ihotr 80tt1om•nt value with the exccption of bonk k)8n8 8ubsequ•nlly
mea$urgd al amortised cost using Ihe effective iniefest rnelhod.
2.10 P•nslong
2.11 Fund accountlng
General lunds are unreslrided funds vthich are available for use al the discreth)n of the Truslge5 in
lurtherance of the general objeckn'ves of the Chaiity and which have nol been deslgnaled for other
pur[￿.
Restricted funds are fvnds which are lo be used in aceordance specific restrictions imptssad by
donors or whith have been raised by Ihp C.hArity fnr pArtir.iilar wrp)se$. Thè costs of ratsing and
administering such funds are charged against the specific fund. The aim and use of each restricted
fuThY is sel out in the notes lo the financial statements.
Investm&nt Income, gains ar¥J losses 8f9 8llocated to the approwtate fvnd.
Pa9c 13

SHREWSBURY FURNrruRE SCHEME
NOTES TO THE FINM4CIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Incorno from donatlons and loga¢b•s
Restrlcted UnreBtrlthd
funds
funds
2025
2025
Total
funds
2025
TDt81
funds
2024
Grants
Stor&
Shop
94,162
18.Crf)O
99.182
18.000
29,835
Subtotal detalled dlsclosur•
112.162
117,162
29,835
Slmllar incomSng resourc*s
16.081
11081
7.061
Subtolal
16.081
16.081
7.061
112,162
21.081
133.243
36,896
Tolal 2024
36,896
36.896
In¢om• from charltabl• •¢tlvltl•
Unr•8trlct•d
funds
2025
Total
nds
2025
Total
fvnds
2024
Store
Shop
79.276
66.162
79,276
66,162
65,862
79,995
145,438
145,438
145,857
Total 2024
145.857
145.857
Page 14

SHREWSBURY FVRNMJRE SCHEIAE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 hlARCH 2025
Investm4nt Income
Unrvotrld•d
funds
2025
Total
funds
2025
Total
fvnds
2024
Investment in￿m8- Ioc41 cash
1.966
454
Total 2024
454
454
AnalyJl$ ol •xp*fidltur• on chorlt•bl• a¢tlvlll••
Summary by fund typ•
ResIr1¢t￿ Unre•trlcte
funds
funds
2025
2025
Totsl
2025
To181
2024
Store
Shop
42,780
18.CrtJ)
109.296
67.074
152.076
85,074
724,502
77,345
60.780
176.370
237.150
201,847
Total 2024
207.847
201,847
Analy818 ot expendliur• by a¢tlvttles
Actlvltl*•
ndertak•n
dlrectly
2025
Support
costs
2025
Totsl
funds
2025
Toièl
lunds
2024
Store
Shop
100.102
4J.3Z3
51,974
41,751
152.076
85.074
124,502
77,345
143.425
93.725
237.150
207,847
Total 2024
122.937
78.910
201,847
Page 15

SHREWSBURY FURNITURE SCHEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 klARCH 2025
Analylls of •xpend6tur• by athltl•• Iconllnuedl
An8ly•l• ol dlr•ct costs
Total
lunds
2025
Tol
funds
2024
Stor•
2025
SIK>P
202S
Staff costs
Purcha8e8 for resth
Workshop
94.724
S.347
31
43.323
138,047
5,347
31
119,718
3,219
11Xs.102
43.323
143.423
122.937
Tot812024
85.162
37, 175
122.931
Pag8 18

SHREWSBURY FVRNMJRE SCHEME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR E14DED 31 MARCH 2025
Anatysls Of exponditurfr by acllvlllK Icontlnued)
Anatysis of $upport wJts
Total
funds
2025
Totel
rui?ds
2024
Shop
2025
2025
Depreoalton
Epos SyEtem
Rent
Service charge
FIAr.tric, gas & watgr
Telephone
Volunleor oxponw¥
Van eX[￿Se$
IriburiJfiL¥
Workshop
Postage, printing & slatk)nery
Miscellaneous
Professional lees
Promob'on & advgfuslng
Cleaning
Repairs
Bank & card tharges
11,917
1.128
19.703
11.917
1.128
47,346
2,398
1.128
4n,R93
1,600
8,362
1,655
294
27.643
2.666
5.743
519
131
5.874
1.667
357
8.678
1.577
1.148
357
8.678
1.577
7.208
1.406
276
822
386
178
7.693
4. 163
1,297
880
4,060
1,327
281
3,131
2.415
1.809
787
2,415
1.074
31
819
735
7S6
1.303
1.383
701
51,974
41,751
93,725
78,910
Tot812024
39,340
39.570
78,910
Indep•ndent examlnerfs r8fftv￿r•1l0n
202S
2024
Fees ptyable lo the Charitys indeperhjent examiner for Ihe independent
examinalion of the Chariws annual a¢¢ounts
Fees paydble lo the Charitys Indeper￿n1 examiner in respect ot.
All other servKes not included above
2,300
875
150
Pagc 17

SHREWSBURY FVRNITURE SCHEME
OTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 IIARCH 2025
staff costs
2025
2024
Wage5 and salaries
Social security costs
Contribubon to definod ccffltribulion schemes
134,397
1,996
1.654
117,818
494
7.406
138,047
119,718
The average number of perS￿S empw by the Charity during the Jfjar was as follm:
2025
No.
2024
Employ8es
No •mpIO￿ roc8lv•d r•munar•tion omounbng to mom than £60.0￿ in oithor yoar.
Key managemenl porsonnel comprised 012 indi￿dU015 during the year, rtceiving remuneration including
gross wages arKI gmployer penskjn contribull¢xo arywnung lo £48,52512024.. £42.5741.
10. Trustses. r•mun•ratlon and •xp•nsos
During the year, no Trustees received any remuneration or other benefits (2024- £NILI.
During the year er*ded 31 Mareh 2025, no Truslee expenses have be•n Ir￿r[¢￿ (2024 . £NIL).
11. Tanglbl• Ilx•d as8•ts
Plant and
machlnery
Motor Flxturos and
¥•hl¢le$
fittlngg
Total
Cost or v8lu4tlon
Al 1 April 2024
Addition8
35,773
43.725
41.741
{13.5O01
8.023
87,521
41,741
113,500)
Oisposds
At 31 March 2025
35.773
71.966
8.023
115,762
Page IB

SHREWSBURY FURNrfuRE SCHEME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
11. Tanglble fixed assets {continuedl
Plant and
machinery
Motor Fixtures and
vehides
fitting5
Total
Depw•Glallon
Al 1 April 2024
Charge lor the ￿ar
On disptssals
35,412
37.079
11,780
112.2321
7.833
47
80.324
11,917
(12.232)
Al 31 March 2025
35.502
36,627
7,880
80,009
Ngt book v•lu•
Al 31 March 2025
271
35,339
143
35,753
At 31 March 2024
361
6,646
190
7.197
12. D•btorn
2025
2Q24
Duo wlthln one year
Prepayments and acctufjd incung
7.110
4,4150
7.110
4,460
13. Credlt*ys". Amounts lalllng du• wlthln on• y•ar
2025
2024
Olher taXalk￿ and gcoal security
AccwaL8 and deferred income
2.017
4,781
557
1,935
6,798
2,492
14. Prfor year adlustmènts
The ac￿Unts have iKeached the receipis and pawments threshold during the Current year. therelore the
prior year figures have teen restaied lo indude fixed assets. debtofs and creditor5.
Page 19

SHREWSBURY FURNITURE SCHEME
NOTES TO THE FINA14CIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
15. Statement of funds
ststement of lund5 - current year
Balan¢• at
31 March
20Z5
Balanu at 1
April 2024
Transfers
Inlout
Incom• Exwd1￿rO
UnreStrIct￿ funds
General Funds
Fixed assets
78.119
7,197
126.744
41.741
(164.4531
111,9171
43.009
{1,2681
83.419
35,753
85,316
168,485
{176,3701
41.741
119,172
R•strl¢t•d funds
Shop rent
Upwlng
Van
Drlver and a881slanl woges
17,000
117.0001
11,000)
43.412
50,750
143,412)
1.671
142.7801
9,641
112.162
160.7801
{41.7411
9,641
Total ol lunds
85.316
280,647
(237,150)
128.813
Stat•m•nt Of fun& - prbor y•ar
88lance al
31 March
2024
Balance 8t
7 April 2023
Income Expendilum
Unrestrfct•d funds
General Funds
Fixed 8ssets
94,361
9,595
183,207
(199,449)
(2.398)
78.719
7. 197
103,956
183.207
(201,847)
85,376
P¢aye 20

SHREWSBURY FURNrruRE SCHEME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 IIARCH 2025
15. Statement of fvnds {continuedl
Restricted funds:
Shop Renl- Contributh￿S roceived lo Supp￿ the shop rental chargo.
Up-wling- Help ILK firvdlviiw WLYk lumiture lo enhance aTrJ repalr to enable a better resale prfce.
Van - Monies rec•ived to pay for 8 r*w van.
Driver 8nd assistant wages- Help wlth thè ctssl of drive￿ and assistants.
16. Analy818 of nèt 4ssets betw••n fvnd•
Analy$l$ of not a$￿ts betwo•n funds - ¢ury•nt y•ar
R•$trl¢t•d Unr•$tricted
funds
funds
2025
2025
Total
lund•
2025
T8ngible Ilxed 8ssels
Current assets
Cr8dilors wlthln one ￿•r
35.753
90.217
16.7981
35,7S3
99.858
16.7981
9.641
Total
9,641
119.172
128,813
Analysls ol n•1 a8￿ts b•twe•n fvnds - prlor y•ar
un￿s(neI&d
funds
2024
Total
funds
2024
Tangiblo fixeil assels
Current assets
Credrtors dug vmthin one year
7. 197
80.611
(2,492)
7,197
80.671
(2,492J
Total
85.316
85,316
17.
Pen8lon
The Charily opÈi2tes A dftfinAd Mnlrihub"M ￿n$￿Trn schemè. The assots of the scheme are held
separately from those of the Charity in an irKlependenlly administered ftsnd. The pension cost Gharge
represents Contribulions paydble by the Charrty to the fund and amounted to £1.65412024 - £1,406>.
amount of £nil was payable to the fund at the t￿anc& sheel dale {2024'. £nill.
Page21

SHREWS8URY FURNrrvRE SCHEME
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 IAARCH 2025
R•lat•d paty tranBaGUon•
The Charity has not entered into any r8lat8d ￿rtY transacllon dutlno thè ypar. nor ara thero any
outstanding balanc05 OV•ing betsY8en fglalod partias arKI tho Charity at 31 March 2025.
Page 22