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2025-03-31-accounts

Company
registration
number꞉
03523786 Charity
registration
number꞉
1192660

BRIGHTON
&
HOVE
WOOD
RECYCLING
PROJECT TRUSTEES'
REPORT
AND FINANCIAL
STATEMENTS FOR
THE
YEAR
ENDED
31
MARCH
2025

Brighton
&
Hove
Wood
Recycling
Project Contents

Page
ReferenceandAdministrativeDetails 1
Trustees'Report 2—5
IndependentExaminer'sReport 6
StatementofFinancialActivities(includingIncomeandExpenditureAccount) 7
ComparativeStatementofFinancialActivities(includingIncomeandExpenditureAccount) 8
BalanceSheet 9—10
NotestotheFinancialStatements 11—17

Brighton
&
Hove
Wood
Recycling
Project Reference
and
Administrative
Details For
The
Year
Ended
31
March
2025

Trustees MrNeilDuffy‑Director(appointed19/04/2024)
MrRossGilbert‑Director(appointed19/04/2024)
MrJosephMcNulty‑Director
MrDavidNobbs‑Director
MrIanWestwood‑Director
MsMerranWrigley‑Director(appointed19/04/2024)
MrPaulSmithson‑Director(resigned19/04/2024)
MrPeterWest‑Director(resigned24/10/2024)
CharityNumber 1192660
CompanyNumber 03523786
RegisteredOffice GroundFloor
OakleyHouse
EdwardStreet
Brighton
BN20BA
IndependentExaminer PeterFuller
MotionAccountancyLtd
85HighStreet
TunbridgeWells
Kent
TN11XP

Page
1

Brighton
&
Hove
Wood
Recycling
Project Company
No.
03523786 Trustees'
Report
For
The
Year
Ended
31
March
2025

The
trustees
present
their
report
and
the
financial
statements
for
the
year
ended
31
March
2025.

Objectives
and
Activities

Aims
and
Objectives

BHWRP
operates
under
the
following
objects꞉

To
promote
for
the
benefit
of
the
public
the
conservation
protection
and
improvement
of
the
physical
and
natural environment
by꞉

Significant
Activities

During
24/25
BHWRP
continued
to
operate
from
its
main
premises
on
the
Ground
floor
of
Oakley
house
in Edward
St
Brighton
BN2
0BA
and
has
been
doing
so
since
May
2021.
This
is
now
known
as
the
Wood
Store Brighton

BHWRP
closed
the
a
second
site
at
Ringmer
which
operated
non‑retail
storage
and
yard,
as
well
as retail,
known
as
“The
Wood
Store
Lewes”.

The
financial
year,
2024/2025
was
challenging
for
the
Charity
with
declining
revenue
and
rising
costs
across
the first
few
months
of
the
year.
We
are
pleased
to
report
that
following
the
initiation
of
the
turnaround
plan
and reshaping
of
the
Charity,
excellent
progress
has
been
made
across
and
a
stronger
financial
performance
is expected
to
continue
into
the
25/26
financial
year.

Public
Benefit

The
directors
of
the
company
are
trustees
of
the
charitable
company
they
confirm
they
have
given
due
regard
to the
Charity
Commission
guidance
on
public
benefits
while
setting
objectives
and
activities
of
the
projects
and these
are
in
line
with
both
existing
and
future
objects
of
the
company
the
latter
of
which
has
been
deemed charitable
by
the
Charity
Commission

Environmental
Benefit
Reporting

BHWRP
has
diverted
994
(23/24꞉805.3)
tonnes
of
timber
from
the
waste
stream
during
the
accounting
year,
an increase
on
the
23/24
figures.
Of
this
486.4
(23/24꞉
521.9)
tonnes
has
been
re‑used
in
DIY
projects
and manufactured
furniture
products
and
a
further
508
(23/24꞉
283.4)
tonnes
has
been
sent
for
recycling
as
particle board,
animal
bedding
and
carbon
neutral
fuels.
This
has
saved
495
tonnes
of
carbon
dioxide
from
entering
the atmosphere.

Social
Benefit
Reporting

The
project
continues
to
raise
public
awareness
of
re‑use
and
recycling.
During
the
accounting
year,
the
project has
created
or
sustained
10
(23/24꞉
16.4)
full
time
equivalent
paid
jobs,
and
has
worked
with
74
(23/24꞉
98) volunteers/trainees.

The
project
provides
social
benefit
by
making
timber
available
at
excellent
prices
both
to
the
trade
(a
maximum of
three
quarters
of
the
cost
of
virgin
timber)
and
to
the
public
for
DIY
and
other
projects.
Most
notable,
however, is
the
work
undertaken
with
volunteers
and
trainees,
most
of
whom
are
both
socially
and
financially
excluded before
starting
work
at
the
project.

Page
2

Brighton
&
Hove
Wood
Recycling
Project Trustees'
Report
(continued) For
The
Year
Ended
31
March
2025

The
trustees
confirm
that
they
have
complied
with
the
requirements
of
Section
17
of
the
Charities
Act
2011
to have
due
regard
to
the
Charity
Commission’s
guidance
on
public
benefit.

Financial
Review

Financial
Position

During
24/25,
income
has
reduced
to
£439,071
(23/24꞉
£459,054) Expenditure
was
£468,338
(23/24꞉
£472,694) This
generated
a
loss
of
£30,584
(23/24꞉
loss
of
£14,957)

Current
Assets

As
a
charity
the
amount
of
funds
held
as
stock
has
reduced
to
£13,658
(23/24꞉
£22,250)

Fixed
Assets

£52,657
(23/24꞉
£46,164)

Financial
policy
and
financial
outlook

It
is
the
policy
of
the
directors
to
cover
all
operational
expenses
with
a
combination
of
sales
and
fund‑raising income
to
this
end
a
budget
for
operating
during
25‑26
has
been
agreed
which
has
undergone
significant scrutiny
both
managerial
and
board
level.

Financial
reserves
are
gradually
rebuilding
and
trustees
will
be
seeking
to
grow
unrestricted
reserves
to
ensure the
ongoing
viability
of
the
project.

Reserves
Policy

Director's
understanding
their
obligations
to
the
health
of
the
business
their
statutory
duty
to
staff
in
the
case
of redundancies
have
continued
with
a
policy
established
in
2024/25
accounting
year,
relating
to
reserves
and agreed
to
continue
to
make
the
following
designation
of
funds꞉

A
redundancy
fund
against
the
need
to
close
the
business
£25,000 Business
wind
up
costs
£5,000 Replacement
vehicle
funds
£20,000

In
total
these
designations
total
£50,000,
there
is
enough
liquidity
to
ensure
cashflow
for
ongoing
activities
for
a minimum
period
of
three
months.

Going
Concern

The
director
trustees
have
assessed
the
company’s
ability
to
continue
as
a
going
concern,
taking
into
account the
company’s
financial
position,
cash
flows,
and
the
current
business
environment.
Based
on
this
assessment, the
directors
believe
that
the
company
has
sufficient
resources
to
continue
in
operational
existence
for
the foreseeable
future.
As
a
result,
the
financial
statements
have
been
prepared
on
a
going
concern
basis.
However, the
ongoing
economic
conditions
and
any
unforeseen
financial
difficulties
may
affect
the
company's
ability
to continue
as
a
going
concern.

Structure,
Governance
and
Management

Page
3

Brighton
&
Hove
Wood
Recycling
Project Trustees'
Report
(continued) For
The
Year
Ended
31
March
2025

Governing
Document

The
company
is
controlled
by
its
governing
document
and
constitutes
a
limited
company
limited
by
guarantee
as defined
by
the
Companies
Act
2006
the
trustees
who
are
also
directors
for
the
purpose
of
company
law
and
who served
during
the
year
up
to
the
date
of
signature
of
the
financial
statements
were꞉

Mr
D
C
V
Nobbs Mr
J
P

McNulty Mr
I
D

Westwood Ms
S
Wrigley
(appointed
19/04/2024) Mr
N
Gilbert
(appointed
19/04/2024) Mr
N
J
Duffy
(Appointed
19/04/2024) Mr
P
Smithson
(resigned
19/04,2024)

How
decisions
are
made
by
the
board
of
trustees

The
board
make
decisions
in
line
with
the
memorandum
and
articles
of
association
through
regular
board meetings
with
a
simple
majority
of
votes
deciding
outcomes.
This
is
based
on
attendees
at
each
board
meeting (subject
to
a
Quorum
being
present)
or
via
written
board
resolution.

Organisational
structure

Brighton
and
Hove
Wood
Recycling
Project
is
operated
by
the
board
of
trustees
who
through
delegated
authority employ
a
General
Manager
who
runs
the
Charity
day‑to‑day.

Risk
Assessment
and
Management

The
director's
or
aware
of
their
responsibility
to
ensure
that
significant
risks
to
which
the
company
is
exposed
on a
regular
basis
and
to
establish
systems
to
manage
those
risks.
The
director's
review
the
major
risk
to
the
charity is
exposed
on
a
regular
basis
and
systems
are
implemented
wherever
possible
to
mitigate
these
risks.
The trustees
believe
that
there
is
a
satisfactory
system
of
internal
controls
which
are
also
reviewed
on
a
regular
basis the
highest
risk
at
present
is
the
need
to
continue
to
address
the
ongoing
financial
situation.

Due
Diligence

The
director's
regularly
review
the
terms
and
conditions
of
external
service
providers.

Trustee
Selection
Methods

BHWRP
is
administered
by
a
board
of
directors,
directors
are
appointed
by
the
board
there
is
a
set
period
of three
years
as
tenure
of
office,
upon
which
terms
can
be
renewed.
New
board
members
are
provided
with
a
pack of
information
containing
details
of
the
constitution
of
the
company
budgets
minutes
of
recent
board
meetings and
papers
dealing
with
key
current
issues
which
can
then
be
discussed
in
detail
with
other
board
members. Directors
meet
at
least
three
times
per
year.

Trustee
induction
and
training

As
reported
in
2022/23
accounts,
the
induction
programme
for
new
directors
has
been
developed
and
any
newly recruited
director/trustees
will
be
provided
with
this
upon
joining.

Small
Company
Rules

This
report
has
been
prepared
in
accordance
with
the
special
provisions
relating
to
companies
subject
to
the
small companies
regime
within
Part
15
of
the
Companies
Act
2006.

Page
4

Brighton
&
Hove
Wood
Recycling
Project Trustees'
Report
(continued) For
The
Year
Ended
31
March
2025

The
trustees'
report
was
approved
by
the
board
of
trustees
and
signed
on
its
behalf
by꞉

Mr
David
Nobbs

Trustee 14/11/2025

Page
5

Brighton
&
Hove
Wood
Recycling
Project Independent
Examiner's
Report
to
the
Trustees
of
Brighton
&
Hove
Wood
Recycling
Project For
The
Year
Ended
31
March
2025

I
report
to
the
charity
trustees
on
my
examination
of
the
accounts
of
the
Company
for
the
year
ended
31
March 2025.

Responsibilities
and
Basis
of
Report

As
the
charity
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
Act”).

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
examination
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

Since
the
Company’s
gross
income
exceeded
£250,000
your
examiner
must
be
a
member
of
a
body
listed
in section
145
of
the
2011
Act.
I
confirm
that
I
am
qualified
to
undertake
the
examination
because
I
am
a
member
of The
Association
of
Accounting
Technicians,
which
is
one
of
the
listed
bodies.

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꞉

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.

Peter
Fuller

14/11/2025 85
High
Street Tunbridge
Wells Kent TN1
1XP

Page
6

Brighton
&
Hove
Wood
Recycling
Project Statement
of
Financial
Activities
(including
Income
and
Expenditure
Account) For
The
Year
Ended
31
March
2025

Notes
INCOMEANDENDOWMENTSFROM꞉
Donationsandlegacies
3
Charitableactivities꞉
Charitableactivities
Investments
4
EXPENDITUREON꞉
Raisingfunds
6
Charitableactivities꞉
6
Charitableactivities
NETEXPENDITUREBEFOREINVESTMENT
LOSSES
Netgains/(losses)oninvestments
NETEXPENDITURE
Transfersbetweenfunds
16
NETMOVEMENTINFUNDS
RECONCILIATIONOFFUNDS꞉
Totalfundsbroughtforward
TOTALFUNDSCARRIEDFORWARD
16		 Unrestricted
funds
£
10,449
335,333
481		 Restricted
funds
£
10,654
‑
‑		 2025
Total
funds
£
21,103
335,333
481		 2024
Total
funds
£
22,413
436,483
158
346,263 10,654 356,917 459,054
(370,273)
‑		 ‑
‑		 (370,273)
‑		 (2,128)
(470,566)
(370,273) ‑ (370,273) (472,694)
(24,010)
4,486		 10,654
‑		 (13,356)
4,486		 (13,640)
(1,317)
(19,524)
‑		 10,654
‑		 (8,870)
‑		 (14,957)
‑
(19,524)
131,504		 10,654
17,990		 (8,870)
149,494		 (14,957)
164,451
111,980 28,644 140,624 149,494

The
notes
on
pages
11
to
17
form
part
of
these
financial
statements.

Page
7

Brighton
&
Hove
Wood
Recycling
Project Comparative
Statement
of
Financial
Activities
(including
Income
and
Expenditure
Account) For
The
Year
Ended
31
March
2025

Notes
INCOMEANDENDOWMENTSFROM꞉
Donationsandlegacies
3
Charitableactivities꞉
Charitableactivities
Investments
4
EXPENDITUREON꞉
Raisingfunds
6
Charitableactivities꞉
6
Charitableactivities
NETEXPENDITUREBEFOREINVESTMENTLOSSES
Netlossesoninvestments
NETEXPENDITURE
Transfersbetweenfunds
16
NETMOVEMENTINFUNDS
RECONCILIATIONOFFUNDS꞉
Totalfundsbroughtforward
TOTALFUNDSCARRIEDFORWARD
16		 Unrestricted
funds
£
2,430
436,483
158		 Restricted
funds
£
19,983
‑
‑		 2024
Total
funds
£
22,413
436,483
158
439,071 19,983 459,054
(2,129)
(466,209)		 1
(4,357)		 (2,128)
(470,566)
(468,338) (4,356) (472,694)
(29,267)
(1,317)		 15,627
‑		 (13,640)
(1,317)
(30,584)
2,637		 15,627
(2,637)		 (14,957)
‑
(27,947)
159,451		 12,990
5,000		 (14,957)
164,451
131,504 17,990 149,494

The
notes
on
pages
11
to
17
form
part
of
these
financial
statements.

Page
8

Brighton
&
Hove
Wood
Recycling
Project Balance
Sheet As
At
31
March
2025

Notes
FIXEDASSETS
TangibleAssets
11
CURRENTASSETS
Stocks
12
Debtors
13
Cashatbankandinhand
Creditors꞉AmountsFallingDueWithinOneYear
14
NETCURRENTASSETS(LIABILITIES)
TOTALASSETSLESSCURRENTLIABILITIES
NETASSETS
FUNDSOFTHECHARITY
RestrictedFunds
UnrestrictedFunds
TOTALFUNDS
16		 Unrestricted
funds
£
52,657		 Restricted
funds
£
‑		 2025
Total
funds
£
52,657		 2024
Total
funds
£
46,164
52,657
13,578
21,539
89,025		 ‑
‑
‑
‑		 52,657
13,578
21,539
89,025		 46,164
22,250
23,053
69,257
124,142
(36,175)		 ‑
‑		 124,142
(36,175)		 114,560
(11,230)
87,967 ‑ 87,967 103,330
140,624 ‑ 140,624 149,494
140,624 ‑ 140,624 149,494
28,644
111,980		 17,990
131,504
140,624 149,494

Page
9

Brighton
&
Hove
Wood
Recycling
Project Balance
Sheet
(continued) As
At
31
March
2025

For
the
year
ending
31
March
2025
the
charitable
company
was
entitled
to
exemption
from
audit
under
section
477 of
the
Companies
Act
2006
relating
to
small
companies.

The
members
have
not
required
the
charitable
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
the
Act
with
respect
to accounting
records
and
the
preparation
of
accounts.

These
accounts
have
been
prepared
in
accordance
with
the
provisions
applicable
to
companies
subject
to
the small
companies
regime.

On
behalf
of
the
board

Mr
David
Nobbs

Trustee 14/11/2025

The
notes
on
pages
11
to
17
form
part
of
these
financial
statements.

Page
10

Brighton
&
Hove
Wood
Recycling
Project Notes
to
the
Financial
Statements For
The
Year
Ended
31
March
2025

1. General
Information

Brighton
&
Hove
Wood
Recycling
Project
is
a
company
limited
by
guarantee,
incorporated
in
England
&
Wales, registered
number
03523786
and
registered
charity
number
1192660.
The
registered
office
is
Ground
Floor,
Oakley House,
Edward
Street,
Brighton,
BN2
0BA.

2. Accounting
Policies

2.1. Basis
of
Preparation
of
Financial
Statements

The
financial
statements
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
charitable
company
is
a
Public
Benefit
Entity
as
defined
by
FRS
102.

2.2. Incoming
Resources

Charitable
funds

Unrestricted
funds
are
available
for
use
at
the
discretion
of
the
trustees
in
furtherance
of
their
charitable objectives.

Material
funds
are
income
funds
of
the
charity
which
have
been
set
aside
out
of
general
unrestricted
funds by
the
trustees
for
specific
purposes.

Restricted
funds
are
subject
to
specific
conditions
by
donors
or
grantors
as
to
how
they
may
be
used.
The purposes
and
uses
of
the
restricted
funds
are
set
out
in
the
notes
to
the
financial
statements.

Income

Income
is
recognised
when
the
charitable
company
is
legally
entitled
to
it
after
any
performance
conditions have
been
met,
the
amounts
can
be
measured
reliably,
and
it
is
probable
that
income
will
be
received.

Cash
donations
are
recognised
on
receipt.
Other
donations
are
recognised
once
the
charitable
company
has been
notified
of
the
donation,
unless
performance
conditions
require
deferral
of
the
amount.
Income
tax recoverable
in
relation
to
donations
received
under
Gift
Aid
or
deeds
of
covenant
is
recognised
at
the
time
of the
donation.

Legacies
are
recognised
on
receipt
or
otherwise
if
the
charitable
company
has
been
notified
of
an
impending distribution,
the
amount
is
known,
and
receipt
is
expected.
If
the
amount
is
not
known,
the
legacy
is
treated as
a
contingent
asset.

2.3. Resources
Expended

Expenditure

Expenditure
is
recognised
once
there
is
a
legal
or
constructive
obligation
to
transfer
economic
benefit
to
a third
party,
it
is
probable
that
a
transfer
of
economic
benefits
will
be
required
in
settlement
and
the
amount
of the
obligation
can
be
measured
reliably.

Charitable
expenditure
comprises
those
costs
incurred
by
the
charity
in
the
delivery
of
its
activities.
It includes
both
costs
that
can
be
allocated
directly
to
such
activities
and
those
costs
of
an
indirect
nature necessary
to
support
them,
including
allocated
governance
costs.

Governance
costs
includes
those
costs
associated
with
meeting
the
constitutional
and
statutory requirements
of
the
charity
and
include
the
audit
fees
and
costs
linked
to
the
strategic
management
of
the charity.

...CONTINUED

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Brighton
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Wood
Recycling
Project Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
31
March
2025

2.3. Resources
Expended
‑
continued

All
costs
are
allocated
between
the
expenditure
categories
of
the
SOFA
on
a
basis
designed
to
reflect
the use

of
the
resource.
Costs
relating
to
a
particular
activity
are
allocated
directly;
others
are
apportioned
on estimated
usage
as
a
proportion
of
directly
attributable
expenditure.

2.4. Tangible
Fixed
Assets
and
Depreciation

Tangible
fixed
assets
are
measured
at
cost
less
accumulated
depreciation
and
any
accumulated
impairment losses.
Depreciation
is
provided
at
rates
calculated
to
write
off
the
cost
of
the
fixed
assets,
less
their estimated
residual
value,
over
their
expected
useful
lives
on
the
following
bases꞉

Leasehold 10%
straight
line
basis Plant
&
Machinery 15%
reducing
balance
basis Motor
Vehicles 25%
reducing
balance
basis Computer
Equipment 20%
SLM

Impairment
of
fixed
assets

At
each
reporting
end
date,
the
charitable
company
reviews
the
carrying
amounts
of
its
tangible
assets
to determine
whether
there
is
any
indication
that
those
assets
have
suffered
an
impairment
loss.
If
any
such indication
exists,
the
recoverable
amount
of
the
asset
is
estimated
in
order
to
determine
the
extent
of
the impairment
loss
(if
any).

2.5. Stocks
and
Work
in
Progress

Stocks
and
work
in
progress
are
valued
at
the
lower
of
cost
and
net
realisable
value
after
making
due allowance
for
obsolete
and
slow‑moving
stocks.

Cost
includes
all
direct
costs
and
an
appropriate
proportion
of
fixed
and
variable
overheads.

At
the
end
of
each
reporting
period
stocks
are
assessed
for
impairment.
If
an
item
of
stock
is
impaired,
the identified
stock
is
reduced
to
its
selling
price
less
costs
to
complete
and
sell
and
an
impairment
charge
is recognised
in
the
statement
of
financial
activities.
Where
a
reversal
of
the
impairment
is
required
the impairment
charge
is
reversed,
up
to
the
original
impairment
loss,
and
is
recognised
as
a
credit
in
the statement
of
financial
activities.

2.6. Cash
and
Cash
Equivalents

Cash
and
cash
equivalents
are
basic
financial
assets
and
include
cash
in
hand
and
deposits
held
at
call
with banks,
other
short‑term
highly
liquid
investments
that
mature
in
no
more
than
three
months
from
the
date
of acquisition
and
are
readily
convertible
to
a
known
amount
of
cash
with
insignificant
risk
of
change
in
value, and
bank
overdrafts.

3. Income
from
Donations
and
Legacies

Donationsandgifts
Grants		 Unrestricted
funds
£
10,449
‑		 Restricted
funds
£
‑
10,654		 2025
Total
funds
£
10,449
10,654
10,449 10,654 21,103

Page
12

Brighton
&
Hove
Wood
Recycling
Project Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
31
March
2025

Donationsandgifts
Grants
4.
InvestmentIncome
Interestonshort‑termdeposits
5.
NetIncome/(Expenditure)
Thenetexpenditureisstatedaftercharging/(crediting)꞉
Baddebts
Depreciationoftangiblefixedassets‑owned
6.
AnalysisofExpenditure
Raisingfunds
Raisingfunds
Charitableactivities		 Unrestricted
funds
£
2,430
‑		 Restricted
funds
£
7,991
11,992		 2024
Total
funds
£
10,421
11,992
2,430 19,983 22,413
Activities
undertaken
directly
£
73,548		 2025
Unrestricted
funds
£
481		 2024
Unrestricted
funds
£
158
2025
£
786
11,859		 2024
£
‑
9,887
Support
costs
(seenote7)
£
296,725		 2025
Total
£
370,273
Activities
undertaken
directly
£
2,128
106,120		 Support
costs
(seenote7)
£
‑
364,446		 2024
Total
£
2,128
470,566
108,248 364,446 472,694

Page
13

Brighton
&
Hove
Wood
Recycling
Project Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
31
March
2025

  1. Support
Costs
Employeecosts
Premisesexpenses
Generaladministration
Depreciation
Interestpayable
Governancecosts
Employeecosts
Premisesexpenses
Generaladministration
Depreciation
Governancecosts
8.
IndependentExaminer'sRemuneration
Independentexaminationofthefinancialstatements
Otherassuranceservices
Taxadvisoryservices
Otherfinancialservices		 2025
£
2,400
‑
‑
‑
2,400		 2025
Raising
funds
£
215,829
18,770
46,199
11,859
35
4,033
296,725
2024
Charitable
activities
£
256,411
20,215
69,057
9,887
8,876
364,446
2024
£
2,805
‑
‑
‑
2,805

Page
14

Brighton
&
Hove
Wood
Recycling
Project Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
31
March
2025

9. Staff
Costs

Staff
costs
were
as
follows꞉

Wagesandsalaries
Socialsecuritycosts
Otherpensioncosts		 2025
£
202,843
8,655
3,862
215,360		 2024
£
240,816
8,787
4,245
253,848

No
employees
received
employee
benefits
(excluding
employer
pension
costs)
for
the
reporting
period
of
more than
£60,000.

Trustees

One
of
the
trustees
received
remuneration
of
£22,110
(2024
‑
£20,453)
from
the
charitable
company
during

the year
for
the
role
of
Chief
Executive
Officer.

10. Average
Number
of
Employees

Average
number
of
employees
during
the
year
was꞉
11
(2024꞉
16)

11. Tangible
Assets

Land
&

Property

Cost
Asat1April2024
Additions
Disposals
Asat31March2025
Depreciation
Asat1April2024
Providedduringtheperiod
Disposals
Asat31March2025
NetBookValue
Asat31March2025
Asat1April2024		 Leasehold
£
37,218
‑
‑		 Plant&
Machinery
£
6,497
1,576
‑		 Motor
Vehicles
£
35,495
19,990
(12,500)		 Computer
Equipment
£
7,644
‑
‑		 Total
£
86,854
21,566
(12,500)
37,218 8,073 42,985 7,644 95,920
11,166
3,722
‑		 2,216
859
‑		 22,581
6,173
(9,286)		 4,727
1,105
‑		 40,690
11,859
(9,286)
14,888 3,075 19,468 5,832 43,263
22,330 4,998 23,517 1,812 52,657
26,052 4,281 12,914 2,917 46,164

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Brighton
&
Hove
Wood
Recycling
Project Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
31
March
2025

12. Stocks

12.
Stocks
Stock
13.
Debtors
Duewithinoneyear
Otherdebtors
Dueaftermorethanoneyear
Tradedebtors
14.
Creditors꞉AmountsFallingDueWithinOneYear
Tradecreditors
Otherloans
Othercreditors
Taxationandsocialsecurity
Accrualsanddeferredincome		 2025
£
13,578
2025
£
220
21,319
21,539
2025
£
10,368
15,248
567
7,572
2,420
36,175		 2024
£
22,250
2024
£
6,708
16,345
23,053
2024
£
1,513
‑
‑
7,297
2,420
11,230

15. Pension
Commitments

The
charitable
company
operates
a
defined
contribution
pension
scheme.
The
assets
of
the
scheme
are
held separately
from
those
of
the
charitable
company
in
an
independently
administered
fund.

During
the
year
the
charge
to
the
statement
of
financial
activities
in
respect
of
defined
contribution
schemes
was £3,862
(2024꞉
£4,245).

At
the
balance
sheet
date
contributions
of
£567
(2024꞉
£0)
were
due
to
the
fund
and
are
included
in
creditors.

16. Movement
in
Funds

6.
MovementinFunds
Asat1April Asat31
2024 Income Expenditure March2025
£ £ £ £
Unrestrictedfunds
General꞉
Generalunrestrictedfund 46,752 346,263 (365,787) 27,228
...CONTINUED

Page
16

Brighton
&
Hove
Wood
Recycling
Project Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
31
March
2025

Designated꞉
DesignatedUnrestrictedFund
Totalunrestrictedfunds
Restrictedfunds
RestrictedFunds
Totalfunds
Unrestrictedfunds
General꞉
Generalunrestrictedfund
Designated꞉
DesignatedUnrestrictedFund
Totalunrestrictedfunds
Restrictedfunds
RestrictedFunds
Totalfunds		 Asat1April
2023
£
74,699
84,752		 84,752 ‑ ‑ 84,752
131,504 346,263 (365,787) 111,980
17,990 10,654 ‑ 28,644
149,494 356,917 (365,787) 140,624
Income
£
439,071
‑		 Expenditure
£
(469,655)
‑		 Transfers
£
2,637
‑		 Asat31
March2024
£
46,752
84,752
159,451 439,071 (469,655) 2,637 131,504
5,000 19,983 (4,356) (2,637) 17,990
164,451 459,054 (474,011) ‑ 149,494

17. Related
Party
Disclosures

During
the
year
a
loan
was
received
from
National
Community
Wood
Project.

The
closing
balance
as
at
year
end was
£15,258
(2024
‑
none).

18. Company
limited
by
guarantee

The
company
is
limited
by
guarantee
and
has
no
share
capital.

Every
member
of
the
company
undertakes
to
contribute
to
the
assets
of
the
company,
in
the
event
of
a
winding
up, such
an
amount
as
may
be
required
not
exceeding
£1.

Page
17