Chartty Ragl•trakn no. 1182906 THE USEFUL WOOD COMPANY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 IIARCH 2021 ..bb6 .ilqi-.' Usefulwoodcompany THE USEFUL WOOD COMPANY LEGAL AND ADMINISTRATIVE INFORPAATION IvlAgm0￿ JOO. Tn*tao• TM3fv', I l4l .Tr JAlts4k Anthony Hewat J'chael Deavin OS .,.)A Sue Heavens George Vamey Stephen Barter lappointad 11 August 2020) Brian Henry (appointed 10 December 2020) Bryan Cross (reswned 10 December 2020) Tk Iy 3 Charlty numhr 1182905._._.. . Roglst•r•d offl¢o and Prlnclpl• addr 1&29 Goldsworlh Road Wokn Surrey GU2161T Indyndonl Examln•r P I VthnrHn 31a Nyhtingale Road GcrfJalnNng Surrey GU7 2HP Bank•rn HSBC 6 Comwial ts￿n9 Sufrey GU216EZ THE USEFUL WOOD COIIPANY AA coKrENTS Trustees, report Inde￿ndent Examinerf8 rewt ststement of financial acllvltss Balance 8heet Notes to the IIna￿oI wMurrts 10-16 .¥no'.'f ,? Q6 26 1{* Ildu THE USEFUL WOOD COIAPANY V.Ag TRUSTEES, REPORT IINCLUDING DIRECTORS'REPORT) FOR THE YEAR ENDED 31 MARCH 2021 The Trustees have pleasure in Submitting the Report and Accounts for the year to 31SI March 2021. The financial statements have been prepared in accx)rdartt with the accounts'ng pol￿18$ sèt out in note 1 to the nancial statements and comFty wth the charity's governing diKument and "AGGounting and Reporting by Charities.. Statement of Recommended Prathe applrAble to Char￿e5 prepariThJ their accounts in accordance wsth the Financial Reporting Stsndard appI￿able in th6 UK and the Republic of Ireland (FRS 1021" {as amended for aecounting periods ￿Mmenc1n9 from 1 January 2016). Objocts of tho Charlty The charity's objecbves ar8.. 1. The relief of unemployment for the benefft of the public in such ways as may b8 thought fi( including assistance to find empbyment work placenwnts, training and volunteenng opportunit￿. 2. To promote sockql incluS￿n for the public benefft by prevents'ng people from becoming socialty excluded, relieving the needs of those w)pk8 who are sctialty excluded and assists'ng them to integrate into S￿Iety. For the purpose of this clause '$￿talty excluded. rreans b￿n9 excluded from So¢￿ty, or parts of society. a8 a result of one or more of the follMno f&tors.' unemployrTen( financial hardship, youth or old age, ill health IphysKal or mentar), substance abuse or depende￿ including alcohol and drugs, discnmination on the grounds of sex. race. disabilty, ethnic orvJln, rellgbn. belief, creed, sexual orientstson or gender reaSs￿nmenL poor educatKJnal or skills attainff*nt relationship OT tsmlly breakdo*n. Fq)or housing (that is housing that doès not meet baslc habitabK8 Standards), cnm8 {either as a vthm or as an offender rehabilitating Into socthl 3. The prO￿￿n and pr8servatDn of the environnwrt for the Wblic b&n8fft by recycling and re-usiNJ waste wood and wcod prodLKts In furtherance of these objects but not othep*i88. the trustèes shall have power to establish or secure the establishment of suitsble premises and to maintaift or manage or Covoperaté with any statutory authority in the maintenance and management of Such a premises for&ts"vrties prorThJted ty the chanty in fvrtherance of the above objects. Governancfr The chanty ￿ a Chanlable Incorporated Organizabon {CIO), and is a member of the Nat￿nal Communty Wood Recycling Proie¢t which supports a national ne￿k of over 30 w￿d recycling organ￿tiOnS wrth similar aims, providing marketing to national building companies, trainirvJ resources and advice. We became VAT registered in January. Two new trustee8 were app)inted by the existing Trustees, one new trustee was apwinted during this Feri¢)d following the resmjnats'on of the Treasurer. The Usefvl Wood Company ITUWL) has a¢h￿rnaintained Tekqtionships wilh the foIbv￿ng during 2020121.. Welcome Church, Woking Woking Borough Counal Woking Job Centre Police Commissioner fDr Surrey Probab"on Service Community Payback scheme York Road Project Acllvltles The heart of the trustees of The Useful Wood Company is to see people who are on the margin$ of society and have suffer&1 various traumas that resuK in loss of confidence and seW*steem to get work experience, training and support to enable them to achieve employment and gNe b¥k to sOC￿ty and their bcal community. The charity ourrently op8rates frclr wemises *thich are rent and rates free, and which include wothshops and a retail area. We operate hvo WOC•J Collection vans collecb'ng waste wood from building sites. manufacture wt)od products and sell wcod and wcod products. ThL8 SUPFxxts both Ihe wood rKycling project and our work with beneficiaries in pursuit of the ¢hanties vision. The charity haB worked tQNards its charitabl8 airrffj helped ty a growing numter of volunteer "alongsidèrsl supervisors. that support the benefuaries by mentoring. enwuraging and guidlng them. Our beneficiary pl￿rnents have been referred to us by statutory and non•Statutory t￿dIeS such as W8lcome Chur¢h, WokirvJ Job Centre, Probat￿n SeNKe (PaYb￿k) and The York Road Project for the homeless. Achlgvoments As mentioned TV￿c startèd op6YatK?ns in Septsmber 2019 and has seen a growth in the numbers of volunteers and beneficiaries up until the Comd 19 restnthorn in March 2020 when TUK had to tempordrily shut d¢)wn. During the yw hav8 been able to xh*ve savlng 4765 Cub￿ yards Ofw¢X￿ from being gerst to landfill. In terms of our social action we have achieved a total of 792 vdunteer days with 52 beneficianes in addrth?n we have beèn helped by 12 supervisors. Work was severety affected ty Co¥i&19, with lockd(y*m iDtroduc8J in March 2020, just before the start of the porting period. However, the building industry r￿ained actNe and our Operats'ons Manager contlnued wood collection activity throug1￿ut the thkd¢)wn penod, maintaining a healthy level of income The wood shop closed, although customers werè able to place o[￿r5 for d￿1V￿. or collect￿n from the yard. The shop re-opened in July, with a range of Covid-19 safety rreasures in place, appointments ￿Uld be made to browse the wood store and purchase timber. Imth our exp8nenc&l workshop sup￿lsory volunteers wuired to shdd, our workshops had to be cbsed. We appointed a ￿l￿tiMe Vlorkshop and Retail Manag8r In September. and $tsrt8d to accept new beneficiary volunteers again. Groups from the Communty PayWk scheFM VKI￿d enthusiastically to sort and prepare wood in the yard. Oporallon• Tu￿ has oFeraled from premises in Goldsworth Road w0￿.n9 which were leased by TUINC from a development company Intending to develop a large area ofwoking t¢ywn centre Wthin Ihe lease the￿ is pro¥isK)n for the landlord to serve 3 monlhs, noti￿ in the event of a wccessful *nning outcom. Incom8 is generated by charging both k)cal and national conts1￿$ to coilect waste wood, rather than such companies hiring skips, this 5ubstsnt￿1IY reduces the affount of Wctyjd going to landfill and ￿UCeS emissions. We then sell on thè wcod, use rt for wood products wh￿h are manufactured on srte and then sold to the public or tumed into firewo¢)d and ￿.nd11ng. The sales of wood and I￿ partrular our bespoke wood prc*Jucts have conbnued to increase dunng the year. The colleCt￿n service is aclNety marketed by NCWRP to major construction companies and TUWC remains free lo source such collections localty, wts)d that cannot be used is sent to be chipped for bK*mass fuel. The Opportunit￿ for the work p1xeft￿ts who will benefit from the chaiity include working in Ihe shop, being on the van for srte colled￿nS. sortir¥J collected woL*J, markets.ng the Se￿￿e. officeladministratsve help, and working in the workshop to produce retail and bespoke woducts. Grants Grants received during the year are detsikd wrthin the accounts. Grants from Woking Borough Counul, Ihe Shanty Foundab'on and The Ck)thworkers' Foundation and a gift from Welcome Church enabled us to purchase a W￿lStered colWKJn va) arKI bespoke cage. We now have veh￿les. The charity has continued to tenefft from premises that are ￿nt-free arKI wrth 100% rate relief. We conb.nue to be mindfijl that this situation will change and the chanty will need to ￿lOCate and begin to pay rent at some point in the futu￿. this In mind, the trustees have sought to build up ￿serveS in the charity in order to be able to relocate when necessary. In the year to March 2021, the chatty receNed grants and donations of £22,001 and eamed income of £96 336, mainly from the collectron ofwood from building sites, but also from the safe of recycled wood and wood pro(iucts made in the workshop. Expenditure, all on. or in support of, chantable *Trvitk8S amounted to £62,251, leaving a surplus of £56,093 in the year. ReseNes at the year-8nd were £73,182 0fwh￿h £4,989 were Restrthd Funds. Trust0è8' Rosponsibilitles Charity18w requires the trustees to prepare financol staterrents for financial pemd which give a true and frdir view of the state ot the affairs of the charity as at the bala￿ sheet date and of its i￿ornIng resources and application of resources. including incOff￿ and expenditure, for the financial peric*l. In preparing those financial statements, the tru$tee8 should folkw best prxke and: Select suitable accounbng pol￿￿5 and the appty them consrstenty Make judgements and estimat8S that are reasonable and prudent, and Prepare the financial statements on the ongoing ￿CeM basis unless it is not appropriate to wume that the charity will conts'nue on that basis The trustees are responsible for maintsinlng prop8r ac¢c￿ntsng r￿d8 whlch dbclw with mgonable xcuracy at any lime the financial position of the charity and anab￿ them to ensure that the financial statements comply with the Charities Act 2011. The trustees are also resp)nsible for safeguarding the assels of the charlty and to take reasonabl8 Steps for the prevenkn and detection ol fraud and other irregulant￿S. This rerort was approved by the trustees on 8 Decem￿ 2021 and Signed on thèir behall by.. Anthony A Hewal (Chair of Trustees) THE USEFUL WOOD COMPANY INDEPENDENT EXAMINER% REPORT TO THE TRUSTEES OF THE USEFUL IHOOD COIIPANY I report to the trustees on nTI examination ofthe flnaniaal staienwits of The Useful Compary (th8 charity) for the ye8r to 31March 2021 as set oui on p4es 8 to 16. R￿PonSIbIlI￿N and ba•1• of Y•r￿rt The chanty's trustee8 are responslblo for the preparakn of the financial st8teff￿ts. The Chanty's tTUSte8s ¢￿$￿er an a￿lIt Is not requlred for this ffina￿la1 period under #￿tiOn 144(2) of the Ch8r*i88 Act 20111thè 2011 Act) aTrJ that an independent exawinalion 18 n￿ad. It Is my responsibility to.. Examine the acayjnts urKler section 145 of the 2011 kt To follow the procgjures laid d¢ywn in the g￿ernI Dirths 9￿ft by the Chanty ConJnissKJn under seclK*n 14q51{b) of the 2011 Art and To state whether Part￿ler matters have CO￿ to my att&)1￿. 818kn 0¢ Ind•p•nd•nt •x•nkn•rf r•port My examination was Carried out Ki ￿rdance wilh the general Dlre¢tlons glven by the Charfty C(xnmb58ion. An examlnatson includes a revlew of tho xcounting records kept by ￿ Chan'ty and a c(Mnparison of the ac￿Unts presentsd with those rvKLYds. It also Includes cMslderatKX) of any unusual btern or disdosur08 in the accounts, and 8eekirwJ explanations from you 88 trusttss oyKeming such mallws. The wocedures undertaken do not provide all the evhjertt that wouhJ be requi￿￿ In an audrt and 0)nseq￿nty no opknion 18 glven 86 to whether tha accounts present a Iru8 and fairf the repJt18 Irrliad to IJK>M matknJ ￿t ¢JJt in thè statsm8nt bebw. Ind•p•nd•nt •xamlMf• •l•t•m In Connecti￿ with exawdnatkm. no matter has come to ry attention.. 11} Which gives reasonable cause to bel*ve that in any rrAtsrial respect th8 requlrem&nts.' to keep accounbng T￿OrdS in Wjrdarte with section 130 ofthe 2011 Act, and to prepare 8Kcounts whth w)rd wth the accountiFWJ r￿OrdS and coffpty wrth the accounting requirements ofthe 2011 Act have not been m8L' or to whlch, in my opinion. att￿tion Sh¢￿h1 be drawn in order to erAbb a proper undw8tanding of the accounts to be reac 12) P I V￿kOm10n FCA Practising Accountant 31a NI9htsnga￿ Road Godalming Surrey GU7 2HP THE USEFUL WOOD COMPANY STATEMENT OF FINANCIAL ACTMTIES (INCLUDING INCOM¥AND EXPENDrruRE ACCOUN FOR THE YEAR END£D 31 IIARCH 2021 blAf4 V,(i ) ar rl)IN Ju-is..: ij J.4 1 ? fia!*ilMAX3 T ￿Ja￿l)430', ,1 IQJ Ovdvl t".: -4., IT Ci7 Ir. r.Tr¥fil 3ni In .TF 2021 Unrestrlct•d Rfj8trlct•d Total NotM fund• fund8 2020. Unr¢strl¢tod R•strl¢tod fund8 funds Total fund• Incomo from: Donatlon• & l•gaclo8 Grants Charltabl• actlvltl•8 Invostmont Incom• 13,871 13.871 18,889 18,889 8.130 8,130 96,336 98.336 11,000 11,000 7,114 7,114 Y',Ti .8itsy¢Jr 10 10 Totsl Incomo 110,214 8.130 118,343 26,013 37,013 Exp•ndlturo on: Charltable actlvftl•• *rty+41 IrT'.- 51.042 11.209 62,251 16,992 2,931 , 19,923 Not Incom• P.->lL. 59,172 (3.079) 56.093 9,021 8,C69 17,090 Op•nlng fund balancès Nat Income lor th• year I Net mov•m•nt of funds Closlng fund balanc8• 9,021 8.069 17.090 I lie ?'. 4 ?InuL.').Jtr. 59,172 {3.079} 56.093 9.021 8,089 17.090 Irp94r.'¥•lfjS4 p'i9,-,i IiifT.?q?4tyilnl "g:'iJPg' *cII 68,193 4.989 73.182, 9.021 8.069 17,090 10." .6 Qilt l Yol h• from 8 M•y 2019 to 31 March 2020 THÉ USEFUL WOOD COIAPANY BALANCE SHEEr AS A T 31 AIARCH 2020 A8at Flxod A•sots: Tanglble assets 11 33,7¥2 14,059 ,rriif Curmnt A8•ot•: Stcrtk Debtors & prepayTrents Cash at bank and in hand 12 13 375 4.213 f='.5o 13 4 jtn 18,176 26,882 70,486 Credltorn: Amount• falllnq du• wlthln ono y•ar 14 Total a•801• l•M curr•nt Il•bllltl•• Ic 94.316 17.09(1 Crodltor•: Amunts falllng du• aft•r mor• th•n on• year 14 Incom• fundo: Unrestricted fvnd$ Restnctsd funds Total . 68,193 9,021 The not88 on pAgo8 10- 18 fomi pwt of these finartial stateirnnts. vr>:. Approved by the trustees on 8 Decwnber 2021 and signed on theSr behaff by.. Is I￿J01M Anthony A H￿at (Chair of Trustees) IGr X9 '* gi£Jt.'5niAT VHAqAIOi aooi'i JLJ?aaU 4141 THE USEFUL WOOD COIIPANY r33rie rf3MA.I F4=. NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31 MARCH 2021 A Jo 1 Aceounllng Wlcl88 li Charity Informatlon Thé Usefvl Wood Company was into￿orated in England and is a charitable incorporated organisation whi¢h 1$ registered with thecharity Commissioners for Engtand and Vlales. IVS registered office is at 1&29, Goldsworth Road, Woking, Surrey, GU216JT 1.1 Accountlng ¢onventlon The financial stateménts have b8en prepared in accordance with the charity's governing docxJm8nt. The charitle8 Act 2011 and "Accounting and Reporting by Charities Statement of Recommendéd Practice applicable to charities preparing their accounts in accordance wrth the Financhql Reporb'ng Standard applicable in the UK and the Republic of Ireland IFRS 1021" (as amended for accounts'ng ￿￿'0d5 CoMm￿￿ng from 1 January 2016). The charity is a Publ￿ Benefit Enty as defined by FRS 102. The charity has taken advantage of the provisws in the SORP for chantss appbiing FRS 102 Update lyjllets'n 1 not lo p￿pare a stalen￿nt of Cash Fkn*s. The flnanci81 statements are prepared in steding, which18 the functional currency of the charity Monetary amounts in these statements are rounded to the nea￿t £. The financial statements have been prepared under the historul cojt Convention. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of appfoving the financlal $tatemonts, the trustees hav8 a rea60n8b￿ eXp￿tst￿n that the charity ha8 8dequale r￿oUrceS to continue in operational existence for the foreseeable futu￿. Thus the trustees contlnue to adopt the going concem bas￿ of aCc(￿n￿'n9 in prepanThJ the ftnanci81 Stste￿ts. 1.3 Charftsblo fund• Unrestncted funds are available for use at the d￿cret￿n of the trustee8 in furtherance of their charitabl8 objectNe8 unle$$ the funds have been designated for t)ther purw8es. Restrtcted fvnds are subject to SPeCrf￿ conditThs by dorK)rs as to be used. The purrA)ses and use of the restricted trljnds are s81 out in the notes to the financial $tatéff￿nts. 1.4 Incomlng lo￿Ul¢06 Income is reccgnised when the chanty 1$ legalty enlrtkd to rt after any F￿rrnanCe Ix)ndits'ons have baen met, the amounts can be rn￿￿red reliabty, *KJ rt ￿ rKobabl8 that income wrll be received. Cash donattons are recogntsed on receipt. Other d￿at￿n$ are rwnised once the chanty has been notsfied of the donation. unless perfonnance condth'ons require the deferral of the arrounL Income recoverablè Fn relation to donations receNed under Gift is recognised at the of the donats"on. 1.5 Re8ourcM oxpendod Expendrture is recognised once there is a legal or constructive obligakn to make a payment to a thlrd paty, tt Is probable that Sett￿ment will be required and the anx)unt ofthe oblgation can b& Ir￿ured reliabilty. As the chanty is not registered for vat all vat is irrecovernble and is charged as a cost agalr￿t the activity for which the expenditure was incurred. 1.6 Tanglble flx•d a8sets io The acquisitson of minor capit81 itern suth as f￿re$, fiw and equi>n*nt bewyw a cost of £200 are charged to Tangible fixed assets ¥e initialty measur&J at cost and subsequenty ￿SU￿￿ at cost or realtsation, net of depreciab'¢)n any imparnwnt k*ses. This aLso aw'es to gffted awts whith are valued at an amunt in èxces8 of£200. Depreciation is recognised so as to writ8 off the (xjst or Va￿ti￿ of as*ts18$8 their residual values over thelr usefvl lives on the foll¢yHing ts5￿.. Fixtures. fftting8 and eqimpment Motor vehide 20% straight Ino 2￿• Srtht lkne The gain or Iv4$ arising on the dwl of an asset is as the diller￿ bthyeen the sale proceeds and th8 carylng value of the asset. and is recognwd In net (eynditire) for the penod. 1.7 Imp•lmi•nt ol fixod a•••t• At each reporbng erKI date. the charty reviews the a￿￿nts of its tangibbe a88ets to detemine whether Iher8 is any irKlication that those assets havo Suffered an impaim)ent ioss. If arry Such indicatron exists, the recoverable amount ofthé asset is 881imated In order to deterrFMne the extent of the mipanrmt loss {rf ￿Y). 1.8 Ca•h and ¢a•h •qu￿1•nts Ca6h and cash equNalents include cash In harKI. depowts held at call wlth b￿ks. othar strrt)rt-t8rm liquld investn￿nts. 1.9 Fln•nclal In•trum•nts The charity has dected to appty the pr￿[slOn8 of Sectbn 11 'Baslc Fknancial ln8t1un￿ts. and Sactlon 12 '0ther Flnanclal Instrut￿nts Issues. of FRS 102 to all its financial ￿$trU￿nts. Flnanckql instruments we r8cognlsed In tho tharty's l)4ance sh8ot when the charlty becorM8 paty to the cmtractual provl8lons of the instruTrwnt. Financial a888ts and IkgbllM88 are off$8( *lth the net anunts w•sentsd wi th8 fin￿C￿l 8latom&nts, when there 18 legalty enforceable right lo set off the re¢ognis&l amcwnts and thore 1$ an intenlkm to Se￿ on a net ba81s or to rea1188 the 888et and Settkn the lIa￿lIty 81multanthisty. Bask flnan¢l•l a•8•ts Bas￿ financial assets, whth inGlude debt[￿ and c88h and bank balarw. are initHIty measured at tran88ctk Price includlng transactsn costs and are subsequenty cam8d at amortis•J cost using the effectlve interesl method unless the arrangement constitutes a fnarKial transaction, where tran8xt1￿ Is trnasuTed at the present value ollhe future receipts di8cwnted at a market r* of Intwe•L Financlal as68ts Classif￿ a6 le￿1¥able6 wthln one. year are not affthised. 8￿1¢ flnanclol Ilabllldo8 Bas￿ ffinanclal liabilities. wKlwliNJ credit(xs aNI bank loans are rwnned at transaction price unless the arrangement wnsllbjtes 8 finanoal tranwtion, wI￿e the debt instrument is measured at the present value of the future payments disc¢)unted at a rwket rate of intwosL iiabtlÉti8s classified as payable wrthin one year are not amorb"sed. Debt instruments are sUbseq￿nty carried at afft)rtI￿ using tho effective interest rnte wethod. Trade ¢redrtors are ob[￿ja￿'0nS to pay for goods or servtis that have bewt wuired in the ordinary Course of operattons from suppliers. AnK)unts payable are ckssifEd as current Irabllities rf payment is due within one year or less If no( they are presented as non-current Trade creditors are recognLsal Initially at tranwtion price and subsequenly rreasured at arrrf)rtis&l cost using the efkntiwe interest Derecognltlon of Ilnancl•l Ilablli11os Finan¢i81 liabilities we derecognised wlwi th8 charlty's ObtigatK￿S ewre or are dwharged or cancelled. li 2 Crltlcal aceountlng estlmates and Judg•nwnt• In the application of the charity'$ accounb.ng WI￿leS. th8 trustees are required to make Judgements, estimates and assumptions al)out the carying amount of assets and liabilibes that are not readity apparent from other sources. The estimates and asscciated assumptions are based on histo￿al experience and other factors that are considered to b8 relevant ktual results rrw differ from these estsmates. The ests'mates and undetying assumptions are revp*&J on an ongoing basis. Revisions to accounting estimates are recognised in the Feriod in which the es*iff*te is revised where the reViS￿n affects only that period, or in the period of the revision and future pe￿d$ where the reviS￿n a￿ts both ctsr￿nt and Ajture perthys. 3 Donatlons and grants 2021 unr08tr1c￿ R•stri¢tod Total fund• funds funds 202 Unmtrlcted Reslrlctod Total fund8 funds lund8 Donallon8 andlogacl Donat￿n8 & Gffts (non grft- aided) Donat￿n8 & Grfts (grfl-aided) Donations via Virgin GNing & Stewardshlp Gift Aid Recovered Grants RecéNed Donations in Kind - & Equipment 7,540 13,027 .13.027 5,000 75 700 1.375 700 1,375 75 '.179J￿l. u. , 1,256 1,256 8,130. '.f.f'. J &. 490 490 1.1,000 3,297 8,130 11.oc 3,297 Grnnts rocolvablo lor ¢or• actlvltles Community Foundatbon for Surrey Th8 Office of the Police and Cnm8 Commissioner Woking Borough Council Shanley Foundation Clothworkers Gr8nt income deferred .,. , 13￿71 8,130 21001 18,889 , 29,889 5.362 5.362 6,000 6,000 io -.ILpJerii I .410 5,000 5,1)JO 'J*1', 13,000 13.0(10 2,500 2,500 14,700 14.700 (27.432) (27.4321 8.130 8,130 ,' 4ni e;41 1 ol -4yJ,-.IrH 11,000 11,000 Tr wrfod from 8 May 2019 to 31 March 2020 -' 10 10 he pwN)d from 8 May 2019 to 31 Ma￿h 2020 6 Expondltur• on eh•rltabl• actlvltl•• 2021 2020. Unr••lrkt•d Re•trl¢t•d Totsl lund• fund• nd• fvnd• Funds Workshop consumabl88 Sm811 tcols & mlnor equlpment Machinery rnaintenanco HarthNare purchases Wknod purchases Paints, adh8SP4es & finlshes Packaging matertals Waste disposal ¢)J8ts Van costs {incl v8n hire) Van depreclatK)n Protective clothlng Staff costs Light, heat & p￿r Volunteers expenses (Incl refreshments) 416 416 782 231 993 7Y2 377 119 125 125 377 119 236 10 871 2,326 236 10 871 2,326 11,554 10,144 2,180 57 13,338 7,212 11.554 12,344 3.978 2,200 1,818 623 185 855 18,698 7212 10A19 701 48 11.108 6867 921 6,378 4,979 11,485 1,709 13,194 787 50 301 351 62.251 16,992 2,931 19,923 he wiod from 8 May 2019 to 31 Mwch 2020 Suprth costs (note 71 Govemance cost3 (rnte 8) 4.278 739 51,083 7 Support Costs 2021 Un￿triCted Rostrkted fund• Funds 20 Unr•8trlcted Restrlcted funds funds Total Funds Total fund8 Prinb'ng, postage & stationery Telephone & intemet IT costs Repairs & maintènance Markeb'ng, PR & website Travelling & motor expenses Cleaning materials Safety & first aKI Franchise fee Sundry expensés Fixtu￿$ & fithngs {mo¥eabl8) Le8sehold expenses Merchants charges Payroll services Provision for doubtlul debts Equipment Depreciabon 110 690 316 39 215 129 100 150 315 236 1 135 104 115 102 783 7,200 180 463 1,365 28 316 135. Is..] 41 104 75 75 115 10 92 581 Trln 202 7.200 JiJll'Ft16 1,031 140 1.031 140 33 ija.. iiiu ".iiU •bn 30 1,365 28 433 307 Yi 8 ¢ikK 783 4278 701 701 1.484 4,979 1,533 2.000 11,485 1,709 13,194 e pen'od from 8 May 2019 to 31 March 2020 8 Gov•manco Co•t8 20 2020. Vnrmtrle￿ Rmtrletod Total nd• fvnd8 lund• lund• Fund• BuBiness insurance s) I Independent Examiner8 fee 439 301 301 50 351 739 8J Tr penod from 8 May 2019 to 31 March 2020 9 Tru•t• None of the trustees (or any persons connected wth Ihem) recer￿ any remuneration or beneffts from the chanty dunng the penod {PerkAI from 8 May 2019 to 31 March 2020- none}. 10 Employ•e The charity had 1 èmployee duriw the F¢[K￿ (Perm￿ from 8 May 2019 to 31 March 2020- nono}. 14 11 Tanglble Flxod A•￿ts 31 March 2021 31 IAarch 2020 Unrmtrkted Rostrlctsd Total fund• fvnds lunds funds funds iEiJi¥v 81 Cost Additims in period Balance ￿ght forward Total 25.195 3.505 471x1 25.195 16.059 12,554 3,505 16,059 11554 11654 12M4 3W 16,069 Depreciation: ProvisiM for penod Balance ￿oUght forward Tot•1 2,943 1,533 4h76 2,519 1.533 467 2,000 2,000 1,633 467 2,000 Net Book Value at start of period Nel Book Value at end of period 11,021 3,038 14,059 8,078 25.714 33.7W2 11,021 3,038 14,059 31 IA•rch 2021 31 M•r¢h 2020 Motor ¥•h￿￿* Pknnt & •¢hln•ryi v•hkl•• Total Pl•nt & MKhln•ryi Total C08t Addits'ons in perKKI Balan(* brought loThvard Total 25,195 8,640 33M36 25,195 16,059 41.264 7.419 8,840 16,059 7,419 7M19 7819 8,640 16.059 Depreciati￿.. Provision for penod Balance brought forwwd Total 1.484 920 3.978 5,462 920 1,080 2,000 1,080 2000 Net Book Value at start of period Net Book Value at end of penod 6.499 14,059 5,015 28.777 33,7￿2 8.499 7,660 14,069 12 Stock• 31 Ill￿￿ 2021 31 March 2020 Stcd( of consuffrdble items 375 13 D•btorn Amounts falling due within one yèar Trade debtors Other debtors Prepayments and a(Ln income Total 31 Ilarch 2021 31 March 2020 20,577 2,954 207 1.052 882 4,213 14 Credilorn 31 wa￿h 2021 ° 31 Plarch 2020 Credltors: amounts falllng du• vAthln ono y•ar Trade creditors Other credrtors Accrued expenses Dèferred Income Other loans {note 15) Total 37 428 3.178 6,299 315 8,780 50 ')1 JD*￿. 8,000 14145 9,942 Crodltorn: •mounts falllng due aft•r morn than oo• ymr Deferred Incorr 21,133 10 IS Othor Loan• 31 Ma￿h 2021 31 March 2020 Loans from Trustee8 8re interest free and repayrnent can be requested at any ts'nw but can only b8 made rf the Charity's ftnan¢es pennit 8,000 16 Ront ac¢ommodatlon The charity contrnues to benefft from rent and rate free acComTh￿atA￿, whth includes a worksh)p, a retail area, and storage area. It is aware that planning Femiis$ion for reijevelopment was refused in early 2021 and that the ,dev8lopers appeal (public enquiry) was held from 30 November to 7 December 2021 and therefore awaits the Inspectorfs de¢￿ton. Gwen these events, the charity antripates being able trj continue at their current location until the middle to end of 2022. The trustee8 ￿11 conbnue to look for a more wmanent 801utron at an economic ront in slmilar location. 40,- so'- rt",18M se- AJis ni) oni41r, z, )Tr.ILF YblJJr, 16