REGISTERED COMPANY NUMBER.. CE028388 {England and Wales) REGISTERED CHARITh NUMBER: 1197983 Report of the Trustees and Unaudited Financial Slalernents for the Year Ended 31 March 2025 for NEW LIFE DOMESTIC M8ven Accountants Limited PO Box 1882 Southampton Hampshire S015 9JZ
NEW LIFE DOMESTIC Contents of the Financial Statements for the Year Ended 31 March 2025 Page Report of the Trustees Independent Examiner's Report Slalemenl of Financial Activities Balance Sheet Notes to the Financial Statements 6 to 11
NEW LIFE DOMESTIC (REGISTERED NUMBER.. CE0283881 Report of the Trustees for the Year Ended 31 March 2025 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 2025. The trustees have adopted Ihe provisions of Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The prevention of poverty in Hampshire, in particular bul not exclusively those individuals who are victims of domestic abuse, by the provision of furniture. kitchen equipment, clothing and any other necessary item as the trustees see fil. Significant activities To supply household items and furniture to assist victims of domestic abuse to start a new life. Collection and delivery of household items including while goods and flooring to the person's new home. The person usually has little or nothing in the way of belongings and the new home is usually unfurnished. Public benefit The charity trustees have complied with their duty to have due regard to the guidance on public benefit published by the charity commission in exercising their powers and duties. Volunteers The charity is run and assisted by volunteers who organism fundraising events, collection of donated furniture and the allocation of goods to each new hom8 the charity assists in setting up. ACHIEVEMENTS AND PERFORMANCE During the year under review the charity has continued lo help victims of domestic abuse who are referred to it by way of the provision of furniture, soft furnishings, white goods and other items necessary in order to set up a new home. FINANCIAL REVIEW The charity receives its income in the form of donations, grants, from fundraising events, "one lollery" and sales via a selling platform. There is no formal reserves policy due to the nature of the charity where funds are spent as they are needed. The operational costs are minimal and unrestrioled reserves are sufficient lo cover these for the foreseeable future. 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. Trustees are appointed by existing trustees. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number CE028388 (England and Wales) Page 1
NEW LIFE DOMESTIC (REGISTERED NUMBER.. CE0283881 Report of the Trustees for the Year Ended 31 March 2025 Registered Charity number 1197983 Registered office 2 Golden Court West End Southampton Hampshire S030 2JP Trustees J Haylett BEM G Owton (appointed 17.2.251 D O'Neill (appointed 17.2.25) K Chapman Chair CMNeal T Proctor (resigned 17.2.251 Independent Examiner Mr Andrew Long- FCA, BFP, BSC (Honsl Maven Accountants Limited PO Box 1882 Southampton Hampshire S015 9JZ Approved by order of the board of Irustees on 12 November 2025 and signed on its behalf by= K Chapman - Trustee Page 2
Independent Examinels Report to the Trustees of New Life Domestic Independent examiner's report to the trustees of New Life Domestic I'the Company.) 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's trustees of the Company land also ils directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'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 I'lhe 2011 Acl'l. In carrying out rny examination I have followed the Directions given by the Charity Commission under S&ction 145(51 Ibl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come lo my attention in onnection with the examination giving me cause lo believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or the accounts do nol accord wilh 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 Reportin9 Standard applicable in the UK and Republic of Ireland IFRS 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 lo enable a proper understanding of the accounts to be reached. Mr Andrew Long- FCA, BFP, Bsc (Honsl Maven Accountants Limited PO Box 1882 Southampton Hampshire S015 9JZ 12 November 2025 Page 3
NEW LIFE DOMESTIC Statement of Financia1 Activities for the Year Ended 31 March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricled Restricted fund funds Note5 INCOME AND ENDOWMENTS FROM Donations and legacies 15,864 32,189 48,053 63.375 Other trading activities Investment income 6,396 801 6,396 801 6,422 484 Total 23,061 32,189 55,250 70,281 EXPENDITURE ON Raising funds 768 768 1,504 Charitable activities Household Items & Furniture 19,158 28,190 47,348 46,224 Total 19,926 28,190 48,116 47,728 NET INCOME 3,135 3,999 7,134 22,553 RECONCILIATION OF FUNDS Total funds brought forward 20,564 27,463 48,027 25,474 TOTAL FUNDS CARRIED FORWARD 23,699 31,462 55,161 48,027 The notes form part of those financial statements Page 4
NEW LIFE DOMESTIC (REGISTERED NUMBER.. CE0283881 Balance Sheet 31 March 2025 31.3.25 Total funds 31.3.24 Total fLJnds Unrestricted Restricted fund funds Notes CURRENT ASSETS Cash at bank 23,699 31,462 55.161 48,027 NET CURRENT ASSETS 23,699 31,462 55,161 48,027 TOTAL ASSETS LESS CURRENT LIABILITIES 23,699 31,462 55,161 48,027 NET ASSETS 23,699 31,462 55,161 48,027 FUNDS Unrestricted funds Restricted funds 23,699 31,462 20,564 27,463 TOTAL FUNDS 55,161 48,027 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The mernbers have not required the company lo obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The Iruslees acknowledge their responsibilities for la} ensuring Ihat the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and {b} preparing financial statements which give a Irue and fair view of the state of affairs of the charitable company as al the end of each financial year and of ils surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with Ihe requirements of the Companies Act 2006 relating lo financial statements. so far as applicable to the charitable company. 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 12 November 2025 and were signed on its behalf by.. K Chapman - Trustee The noles form part of these financial slalemenls Page 5
NEW LIFE DOMESTIC Notes lo the Financial Slalemenls for the Year Ended 31 March 2025 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 1021 'Accounling 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 IFRS 1021 (effective 1 January 20191,, 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 lo the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity lo 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 lo particular headings they have been allocated to activities on a basis consislenl with the use of resources. Taxation The charity is exempt from corporation lax on its charitable aclivilies. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives al the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Reslriclions 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 lo the financial slalemenls. Page 6 continued...
NEW LIFE DOMESTIC Notes to the Financial Slalements - continued for the Year Ended 31 March 2025 OTHER TRADING ACTIVITIES 31.3.25 31.3.24 Fundraising events One Lottery Selling Page Sundries 5,054 1,178 164 4,052 1,219 1,081 70 6,396 6,422 INVESTMENT INCOME 31.3.25 31.3.24 D8posII account interest 801 484 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year end8d 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds Total funds INCOME AND ENDOWMENTS FROM Donalions and legacies 11,318 52,057 63,375 Other trading activities Investment income 6,422 484 6,422 484 Total 18,224 52,057 70,281 EXPENDITURE ON Raising funds 1,504 1,504 Charitable activities Household Items & Furniture 11,743 34,481 46,224 Total 13,247 34,481 47,728 NET INCOME 4,977 17,576 22,553 Page 7 continued...
NEW LIFE DOMESTIC Notes lo the Financial Slalemenls - continued for the Year Ended 31 March 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES . continued Unrestricted Restricted fund funds Total funds RECONCILIATION OF FUNDS Total funds brought fonmard 15,587 9,887 25,474 TOTAL FUNDS CARRIED FORWARD 20.564 27,463 48,027 MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 20.564 3,135 23,699 Restricted funds White Goods Flooring Hampshire County Council Morrisons Foundation 25,493 1.970 (22,185) {1,970) 18,154 10,000 3,308 18,154 10,000 27,463 3,999 31,462 TOTAL FUNDS 48.027 7,134 55,161 Net movement in funds, included in the above are as follows.. Incoming Resources Mavement resources expended in funds Unrestricted funds General fund 23.061 119,9261 3,135 Restricted funds While Goods Flooring Hampshire County Council Eastleigh Borough Council Morrisons Foundation Gannelt Foundation Newsquest 189 {22,3741 11,9701 11,8461 11,0001 {22,1851 11,9701 18,154 20,000 1,000 10,000 1,000 10,000 {1,000} 32,189 128,1901 3,999 TOTAL FUNDS 55,250 148.1161 7,134 Page 8 continued...
NEW LIFE DOMESTIC Notes lo the Financial Statements - continued for the Year Ended 31 March 2025 MOVEMENT IN FUNDS - continued Comparatives for movement in funds Nel movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 15,587 4,977 20,564 Restricted funds While Goods Flooring 1,479 8,408 24,014 16,438) 25,493 1,970 9,887 17,576 27,463 TOTAL FUNDS 25,474 22,553 48,027 Comparative net movement in funds. included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestricted funds General fund 18,224 (13,247) 4,977 Restricted funds White Goods Flooring 42,057 10,000 (18,0431 (16.4381 24,014 {6,4381 52,057 {34,4811 17,576 TOTAL FUNDS 70,281 {47,7281 22,553 Page 9 continued..
NEW LIFE DOMESTIC Notes to the Financial Statements - continued for the Year Ended 31 Mar¢h 2025 MOVEMENT IN FUNDS . continued A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.3.25 At 1.4.23 Unrestricted funds General fund 15,587 8,112 23,699 Restricted funds While Goods Flooring Hampshire County Council Morrisons Foundation 1,479 8,408 1,829 (8,408} 18.154 10.000 3.308 18,154 10,000 9,887 21,575 31,462 TOTAL FUNDS 25,474 29,687 55,161 A current year 12 months and prior year 12 months combined nel movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestricted funds General fund 41,285 {33,1731 8,112 Reslricted funds White Goods Flooring Hampshire County Council Eastleigh Borough Council Morrisons Foundation Gannetl Foundation Newsquest 42.246 10,000 20,000 1,000 10,000 1,000 (40,417) (18,408) (1,846} (1,0001 1,829 {8,4081 18,154 10,000 11,0001 84,246 (62,6711 21,575 TOTAL FUNDS 125,531 195,844) 29,687 Page 10 continued...
NEW LIFE DOMESTIC Notes lo the Financial Statements - continued for the Year Ended 31 March 2025 RELATED PARTY DISCLOSURES During the year, a rental agreement for a storage unit was signed by trust8e Julie Haylett in trust for New Life Domestic.The annual rent for the unit is £4,608 and is paid each month directly by the charity. The agreement can be ended with six months notice by either party. Pa9811