ChaFIWNumb2r tr298301 Comp•tyNumber 2203942 FORGEWOtIKSHOPS UMITED (A com￿n¥1￿m￿d tsd8u¥antrel UNAUDrrED TRusfEEY REPORT AND FINANaAL5fATEMEKts FOR THE YEAR ENDED5￿MIrth 2025 5fRE￿F0IQGE WORKSIIOP5 {Arnm￿ny limtttd bygw4rantÉttl CONTEFll5 P3Re REfEren￿ andadmlnislratNtdet￿k Dfihe¢h•rlty, its trusts•54nd Tr¥stee5' report Indepen￿ntexam1mrfS report Stst•mErtoFfinarKI￿ •ct￿￿¢S 9alarKe theet l*)testothefir*nd8lsr4t¢rr¢nts 9-19 STREETFORGEWORKSHOPS (Aromp•ny Ilmlted ￿lull¥n1eeI REFERENCEANDADMINLSfR411VE D￿AL5 OFTHECOMPANY. nSTRUSTEESANDADMSERS FOR THE YEAR ENOE031 M4rtCH 2025 Tru5t8e5 Mrs A &5seit. Chair Mr A Qrmicha Mr K Abb¢tl (resE￿e4 5eptembEr20241 Mr Mel E?ston Ms K Don0￿￿ Mr Michael Favager Mr Martlh Yate5lappointed January20251 Cornp**yrnu15tEredTrwrt I20￿4? tered offl Thpstreet. Thornham Magna, Near Eye, ￿tte1k. IP23 8HB £tauntaMs Annairictr ￿mIted, Chartered CerttfiedAccountant and Registered Audrfcor, 10, TheThoroughfare, HarlEsiW, Norf(dk IP20 9AX 8•nkers Charities Aid Foundation ICAF Bank Limrftedl. KinES Hill, West Mallin& Kent. ME19 4TA Shawcro55 Bank, chRfExeq￿Ye Miss C Keeble Page 1 s￿E￿FoREEwORrSNoF5 (Acornpany Ilmltsd bygu4r•r¢eel TRUSTEES REPORT FOA THEYEARENOED 31 MARCN 2025 The Trustee5 pre5eN their annual rep(rt together with the finanoal statements for the year l April 2024 to 31st March 2025. The Trustees coDfirrn that Ihe A￿￿Val Report and financial 5r*ement of Éhe comp3ny comply with Ihe currEnt statutory requiretnènts. the requirements of the compaDy'5 governing document and thE prov$ions Staiernent of Recommended Pra￿1(e I50RPI. accounts accordance with the Financial Reporting S+andard 8pDlicable to the UK and Republic of Irel￿d (FR$ 1021 letteciive ijanuary 201513s amended by Update Bulletin i lellectSve I lanvary 20191 nce the ¢harlty qualifie5 as smau under se¢tlon 383. the stratrgic report required of medlum and 13r8e companies under The Companies Aci 2W6 (Strategic Report and Directors Report) 2013 ot . Pc4kFes andobietti¥es Our charitable obj¢ctThE Is the relief of suftering by providin8 far th* care, accommodatio￿. trainin& Èdutdtion. fulufé livin& empbymeni, IKcupation ind susienance of adults ￿rh physical Lr learn￿E disabllities In order toftssLer and eThcour3Ee a sense of inde?endÈnce. b. A¢Ifv5fjesfr¢￿hl￿w oblec1fv*5 Stre￿ ForgE Workshops provides a day seTrry¢e to adults With phy5ic¥I. sensory. or le3rnin8 dl5- multiple digbilitie5 3nd l or mild mental health problem5 With me3ninglul and 5rimvlaring attivities on offer. we aim to Improve Indbhdual'5 independence. wellbein8 and to develop thwr social 5ki115. Wthin a saleenvironrnent. th* f05ter5 r*pert Our Mission Staternent.. In providin8 3 safe, wdcomlng, caring environment, we airn to enhancethe qualityof life anclto ehible the people who use our serwce to reach their &uII poienlial.'.hrou8h tultion and guidan¢&from Our stth and ¥olunteer5. c. VAln lcd￿leS uTrJErt¥k•ntrJfiJrtherth?chJrWs purpose5forthe wUl¢ hneltt Theworkshop offers actiwIIo5 which Incre3se 3Dd enhènce personal sknlls Wlth those who attend the day service. Many of Our Soual Enteronse. d. VolunteEts The Charity 15 griteful lor Ihe unstinting efforts of It5 volunteers who carry our 3 ran8e of role5. frijm 3sslstlng the attending clients in thé woodwork workshops, crafi. and cookÈTy ac￿vitIes. together with superwsin8 In the garden and IT room and P8g• 2 STREEfFORGEWORKSHC•S TRUSTEES REPORTlcontlnutdl F(JITHEYEAR ENDED31WACN 2025 . ￿eWOf1Ct￿1aS We havÈ ctsntinued to offer a siitnulatin8 day servi¢E Qver rhe past financial year to our diverse gioup of 3duhs wilh disabilities. We havE welcomed a couple of newdients and sadly lost a ¢oupletoo during this time. We haye a tremendoustearn of volunteers. all of whom bring Indi￿dual 5kll& ioaur Charlty. We also h3ve a solld board of Trustees, all commltted to our cause. Our Sotial enterpii5e ha5 also remained CDn%tènt with steady sales of our produtts various fayres Ithroughout Nortolk and Suffolk) and on site. We also sell ovr ￿ern$ In 2 ouMets. All in 311. WE have had a 5ucces5ful and Pts51tive year, forwhich we alm to take forward and ¢¢ntiDueio thrive. FIn￿l￿1 After rna￿￿8 appropriate enquiries, the tru5tee5 have a reasonable e*r*¢tati¢n that the company ha5 adequ3te restyur¢e5 to contlnue In statements. Furtherdetails regardingthe adoptlon Of the going concern ba￿S can be found In ihe A¢countin8 Policie5. b. Re5ervesp)IIcv The cornpaDy'5 reserves pollty 15 to maintain &uffiCient free reserves ro meetfulure operational needs wh115t ensurlTrg that anyfuturedrop in intoxe can be In the short rerm. Our reserves also hcld a contingenryfor potentrdl redundancy payments shguld there be failure of the business. The directors consider thit frte re5eTves of £33k Would bé rèouirÉd to cover the lo55 of our main sOU￿e of tlipnt Income allow time to secure altÈrnativ&fvn0in8 or an ordertywndup ol operatlons. AdditioTraI￿, a further £36k should be held to Cover $14tuiory fedundancy payments in the event of c105ure. And finally 3 furthgr É13k is held in reserve ro be spent to on8Oin8 imprgvetnents and client acllvities. These figures, totallin8 £102k, Will be rewtrwed anTrual￿ by the trv5tees. A5 of 31st Mèrth 2025 our free reserves weie £102k 12024 E102kl. Page 3 EE[ FORGE WORKSKSP5 (Accnplry IlmltEdby8u•rnnteel TRUSTEES REPORTlwntlnuedl FOR THEYEAR ENDED 31 MARCH 2025 Struthre, fft*rnar￿ ma￿8efflert a. ￿sUbJ￿r The Company Is re8iStered as a chantible tompany Iimired by Euarantee number 298301 The funnlng of the EDrnpaThy Is 8overnEd by Its Memorandum and Article5 of Assttiation which were adDPted on 9 December 1987 ènd sutseouently amended on 19 April 1996. 12 December 1997. 7 SeptetnbÈr 2m5 and 30 M¥Ych 2017. b. Methtyl ofappdntmert4xekobnofTrustee5 The mana8eineni of the company 15 the respon51bility ol the Trustees who are elethed co-opted under the terms rhe ￿￿tIeS 01 Asso¢iation. Trustee5 are users of 51reet FDf8* Woikshop5. or recommendation of existing Trustees. The ￿0ptIon of people or recommended Trvstees of Strew Workshops VDte from current. paid 'members' of the charity. The longest se'.ving third of ihe Board of Trustees shall retire by rotstion. annually. They be feapptsinied by vote from members,. Votln8 will normalty take p13ce at ihe AGM Trustees Must be at le￿t 18 of age and all prospectwe appointees must be notlfied 10 'memberS' at le351 28 days prior to V¢¢in8. The terrns under which individua15 may become'members, of the tharity tre defined bvcvrrent tnembers. c. Pdlde58doptedfDrthe Ind￿0￿ andtrdlnlnR ofTnJstee5 TrainiD8 for Tru51ees is based up(m indiwoual experien¢e and circurn5tsDce5. Train5ng may include a1terbdance tfomial seminarsllectures. rÉ3din8 information bvlktln5 and leallets. or mentoring d. Or8•nlsitbMI 5tsuctur¢•nd decl$lon maWn8 D3¥ to day runnine of the project 6 undertakeD by 8 Mana8er I Ch￿f Execuiive appointed by ihe ￿ard Df Trustees The Board of TTV5tees meet ten times per Year to discuss all matiers affectlnA the proje(E Wlth the Tnani8Èr. ljvbere appropriète, Tru51ee5 make which arÈ beyond the of the m3n3ger. Guidelines for tru5tees' and managers. déthsion rnaking can bè found in 'Street foize Pdicies & Pigcedures, or the,￿licIeS of ￿5[￿lItiOn, forthe Charitable Company. Full detalls ol Trust￿. appolntment. their powers. qualifKaiiQTh. renumerition and the prLKesses under which they are perniiited to undertake the￿ duties can be found in Ihe Articles of Ass¢Kiation for Street Forge w0￿hopS as 3 Charitablecompany. e. Pubkc Benefft The tru5tee5 confirm that they hive tomplied wth ihe duty in Section 4 of the CharitiEs Att 2W6 to have due reg3rd lo the Charity Charity Comm55sknn'5 on benefit. The purpose of the charity Ènshrined In ns obietts outlined above The trustees ensure ihi5 15 carr￿￿ oui fDr the public benefit by deliverin8 a range of activitiesto meet Its objects. Page 4 SIREEf FORGE WORKSHOPS lAC￿n¥￿m￿Qd￿&u*rlntee} TRUSTEES REPORTlconJnuedl FCWITHEYE4R ENDED 31 MAR(H 21J25 Truste￿. re5p0r6lb1l￿es$￿m￿nt The Trustees (who are also direttors Of StrEet For8e Workshops Limited for the purp05e5 01 Company 18wl are responsible for prep3rin8 the Trustees, rewrt and the financial statement5 in a¢tordance ￿ryth applicable 14w and United Kingdom Accounting Standwds Kin8dom Ac(ewed ACCOuntin8 Pr8cEicel. Company iiw rÈouire5 the trustees to prepare financial statements for eoth financial year. Under company 12w the Trllste￿ must noi approve the financial siatemÈnt5 unless they are ￿tISfied that they give a true fair iew Df the 5raie of affèlrs of thè rhariiable iompany and of the Incoming resourtes and reSoUr￿s, Inclu4iThg the income and expenditure. of the charrt3ble company for that period. In prep¥rin8 these financial statements. the Trustees are reouired to.. select surtable accouniing policiesand then èpplythèm tonsistentty.. observeihe methods and Ptinciples Inthe Ch3ritiÈs SORP," tnakejvdgementsand ?¢couniinge51imate5 that are reasonable and prudÈnt.' State whether applicable UK Accountin85t3ndards have been fdlowed. subject toany rnaierial dEpartures di5c105ed and explainEd Inihe financwl statements.. preparethefin3ncial staiernents Dn the goiTrB concem basis rft is aporopri31e to presume th3tthe charillble r(Knpanywill continue In OPÈrydiI￿. Tre Tr￿Stee$ are ressx>nsible for keeping adequate accounting records that are 5ufFicieDr to show and Èxplain the charitèb￿ companrf5 tran5aciions and diStIosÈ With re350n3ble accuracy at ènv titne the financial po￿tIOn of the chariLable company and enable them to enswe thai the flnancial 5t2tements comply With the Companies Att 2CQ6. They are a150 re5pofFsible for safe8u3rdin8 the assets of thE charitable comwny and he•ce for taking reosonèble 5tep5 for the preventloh and dete(tion of fraud and other Irregularities. This reportW35 3pprthed ￿the Irustee50n and st8ned on theii tsehawby. R￿5X*¢ IrofTniiiees MrWCo￿IJknel,TrUsIee Page 5 5fREETFQRGEW¢JRKSHOPS (A cThrry Ilmlred by1￿￿￿￿tte) INDEPE14DENT EXAMINER'S REPORTTOTHETRU5TEESOFSTrEEf FORGEWORKSHOPS FOR THEYEAR ENDED31 WJiCH 2025 I report to Ibe tha￿t¥trustees on my@￿MInalvJn of the aicounts ¢f the comwny for the year ended 31st March 2025 which are set out on Pa8E5 7 to 19. Thls report 15 made solely to the charity's Trustees, 35 3 body, in accordance wilh section 145 of the Charitie5 Att 20JI ènd re8ulatlOll5 made under section 154 of that Aci. My work has been undertaken so thar I mi8ht state to ihe charity's Trusiees those rnatter5 1am required to statetothem In an Independent examlner's report and for no other purpose. To the fullest extent PErmitted bylaw, I do rbot accept or assume responsibilityto anyone other than t4ethorityand the tharit¢s Trusteesa5 1 body. for my V￿rk or lor1h15 report. Responsibilrf5ses othei than those 51ited above. The note5 on pages 9 to 19 form pÈrtof Iheseflnancial statements Page 7 srREEf FOAGEWORKSHOPS IA compinyllmknd by¥L4ornnt¢el ALAN￿SNEY[ FORIHEYE4R ENDED XI KiARCH 2025 Note 2024 Taryqlbiefved a5%tts 16 25.238 33,398 OJrrent455ets Sto Debtors & Prepawnent5 h 8t bafi4 ènd in hand 17 18 6.543 11768 80,807 5,560 ?0,153 84,228 99.118 109,941 Credrtors:*mountfalllwd thln oneyear 19 142401 18.2791 NetoJNent•ssets 94A73 101.662 N•tasMts 12q116 135.IA50 Funds 20 20 UnresirirtEd fu￿ 0,1 I35,￿0 Total fvnd5 120,1 235,060 The Trustee5 conyoer that the company Is entStled to exemDri¢n from the requirement to have aD audit under the prwsions of section 477 01 the CoYr)panie5 Art 1.tho Act") and members not required the comwny 10 obtain 3n audit for the year In question accordtnce wth sedion 476 of the A￿. The Tru5tee5 i¢knowledge their responsi>ilities for iomplying With the requirement5 of the Companies Act 2((6 with respectto accounting rerords and Ihe preparation ol flnancial statement5. The accounts subject to FRS 102. have been prepared accordantÈ wlth the provisv)ns CDmpanies These financial Matemenls 4vere approved bythe Ooard of Trustees on.---- and 5￿Thed on their behalf by Mrs R 8a55ett Mr Andy Carrni The note5 on pages 9 10 19 fcrfm part olthese financial statements Page 8 STrEEfFORGEWORK3HOPS lAc¢m￿r￿lIftItrd bylU￿nt￿I NOTESTOTHE RPIAN¢JLSTATEMENTS FOR THEYEAJI ENDED 31 MARCH 2025 tinipollde5 Ll Ba* ofpTeparaI5onofflnanc￿IStstemertts The siatements have bee prepared th Accountlng Reportln8 sratemeTrt of RÈtOmmended Pr4ctlce preparing their counts ¢cordahce wf(h the Financlal Reporting Standird applicable to the UK and Repvblic of Ireland IFRS 1021 leffettive l January 20l51- Icharllles SORP IFRS 1021 and thecompanies Att 2CX)6. accordance street Forge Work&hops meets the definition of a pu￿1( benefit entity under FA5 10?. As5et5 aDd re4evant accountin8 poIj¢y. L2 CompaTrystslUS The company 15 a cornpJny limited by guarènlee. The mEtnber5 cl the company are ihe Trustees n3rned on pa8e i In the event of the company being wound up, the liability in re5PeCt of the gv8r4nte& s litnited to£1 per Member of thecompaD¥. 1.3 Fund acttwntl General funds are unre5trirted funds whith are available for use at the discretion ol the TrustÉÈ5 furtheran￿ of the general obiectlves of the compèw whlch have nor been desl6nated for other pu¢PQ5e5. Restricted fund3 ore funds whlch are to be used In ¥tordantè with speclfic restrlctlDns ITnp(wd bv donu5 or which havè bÈen ra15ed ￿ rhe company for partkular purpos￿. The costs of raisins and adrnlnistering such funds are charged against the spetific bjnd. The aim and Lse of each restrited IA IrKome All income is rew8n15ed Or￿ the cornp3ny has entitlemeTrt to thÈ IKome will be re￿ived ind the atnount of Income receivable can be measured reliltly. inrome, it Is wobable that the Income tax recoverab rela11￿ to donatio￿ reteiyed under Grft Aid or deeds of rowdnant Is recognised aithe Elme of the donation. Other income is recognised in thè peri(wJ in whKh it Is receivable and ￿ the extent the gcods have been prO￿ded or on cornpletion of the serV￿e. Page g 5fREETFORGEWC*KSHOPS IAccfflp•nyllrnlted by4uarnrf••l NOTE5TOTHE FINANCNLSTATEMENTS FORIHEY&4R ENDED31 MARfJ 2025 ntlni poliueslccrtlnuedl 1.5 Eynditute recognised bEnèlit to a third party, settlement and the amount of the Obli￿tIOn can aclivty The costs of eath ttmry are made up of the total of dirett ¢osts and shared c0515, support involved undertaking each actlwty are Allatsted directly to that aciivity. Shared costs which contribuie to more ihan activitv and suppDrt tosts which re aTe apportioned betweèn those on on5isEent wtih the use resource5. CEntral staff c￿$ allocated on the basi5 of time spent. and dewe(i3tion ¢h3r8es all￿Ated on the poriion Df the asset'5 use. once there or construttive Obl￿atIon economic 1.6 TIn￿b￿￿ed¥s5¢ts¥nd depredhtion aS5et5 are carried cosi. nEt of dep￿latIOn nd ny provi510 for im*imien". Depreoation IS provlded at ra¢e5 calculatéd to Vdfite off the cosi of fixed ass￿5. le55 thpir estimated residual value, Nertheir expetted useful lives on thefollowin8 ba5es'. Plani3nd mach1nery Computer Èqulpment Leasehold property improvements IO%and 2(PA straighi line 10%51raighr line This represents a chèn8e In accounting wlKy in 2017. 1.7 Interest re¢•￿•ble IntÈrÈSt on funds held Dn is included v4hen receivable 2nd the amount can be measured rellably by the company, thls & nOrrnaL￿ on Dollfltstion of the Interest p￿d (Kpaya￿e bythe Bank. 1.8 strxk5 ?TrJ workln kY¢8ress Stocks and work in progress are valued at the lower of cost and net realisable ￿lue after makin8 due 311owanie fgr obsdete and s1ow-mo￿l￿g5toEkS. IS Dèbtcfs Trade and othEr debtors are recogn15ed * the settlement amount after any trade discount ollered. Prepayments arÈvAlued ai the arnounl prÈpaid net of 2nytr3de d15counts due. Page 10 STRE￿FORGEw0RXSHOPs IA¢amp*ryiknJred byiu¥•nt*el WOTESTOThE FINANCJALSTATEMENrs FOR THEYWENDED 31 MARCH 2025 L ￿e￿n¥￿8 pdldeslcontlnuedl 1.11 C45h at Bankand in hand Cash at bank and in hand includÈs ¢¥sh thort term highly liqu￿ Investments With a short m*uritv ot Ihreemonth5 or le55frDm thè date Df acquisition of the dewsit orsimilaraccount. 1.12 u8￿1¢￿es8nd wovthi abilitics are retotnised when there Is an obligètion at the balance Sheei date as a result of a past ￿ent. Itls probable th31 a tr?n5fer of economit benefit will be required in settletnent, and ihe amourtt of the settièrnent can be estimaied reliably. Liabilities are retoÈnised the amount ih81 the o¢rngany anticipates it will p6v lo 5ertle the debt or the Èmount it has received as advanced payment5 forihe goods or services li must providÉ. Provisions are Measured at the best estimate of the amounts required t0 Settle ihe obligation. Where ihe effett of the time value Df money ￿ materKBI, the prowsion 15 b45ed ihe present value of those 3movnt5. dis(ounted at the pre-tax d￿sCOunt rate that reflectsthe nsks specifi¢toihe liability. The unwinding of the dL5COUllt Is recognised Within intere51 pèyable ènd Similar 1.13 Aninclal IwnJment6 The cornpany only h3S assets Instrument5 are measured ai amort15ed cost u>ngthe elfedive irtierest method. klnd that qualfy a5 transaction value and recognised at 5ubsequeDtlv 1.14 PeMons The comwnv operates deflned benelit contrlbutlon scheme ènd the amounts p￿ble bythe companv to the fund in respect of the year. pen￿0￿ charge repre5ent5 IntYJ￿frDrn thnatkns Unrestrkthd T¢)tsl Totol d5 fvnds 2025 fvnd5 2025 2024 Donations recdved includihg GiftAM4 4,320 5,082 15tsJ Project incomè 165 1,276 L276 652 Total donaiion5 3r0 le8atles 165 &261 11234 In 2024, of the totsl Income from donationsetc, £6.613 wa5 to unrestricted funds and £2.767 %va5 10 re5trlcred funds. furds PBg&11 E￿FORGE WORKSIKSP5 (Acomparty Ilmlted byguarnnteel NOTE5TOIHE FIN￿NcIAlsfATEmEP￿S FOR THEYEAR ENDED 31 MARCH 2025 In¥¢sbn•ntlrthrne UnrEttdrted fvnd5 2025 ftestrfcted Totsl Totol 2Q15 2024 Interest re￿1Ve￿ 2.423 J,tt12 In 2024. all of the investment Incomewas io unre5tri¢ied funds. D&yseM Unrestrlrted funds 2015 Ruirfcted funds Total /und5 fijnds 2025 2024 Suffolk Social Care 5etvices Direct payments Nortolk Countycouwl 105.503 7.185 33.484 107.668 5.520 30.685 33.464 146.472 146.472 143.873 aieDtsuppprt Unr￿￿ttOd Rertrfcted fvnds funds 2025 2025 Tgtal fvnds Total Junds 2024 (￿e toone support 3,632 8.585 Sxial enterprfstsiles Unrq5tr1¢ted Ite5trfcted fund5 fijnds 2025 TLxal funds 2025 Totol fund5 2024 woodw0￿SaIeS Craft 56IES HortlculLure sale5 734 192 7a4 17,331 435 610 19,524 19.524 18.376 Page 12 SThEEf FORGE WRbSMOP5 (Atompany Imked*yaranteel NOTESTOTHE ￿NANa￿sTATEME￿s FOR THE YEAN ENDED 31 N14RCH 2025 lrtt•rnal$l Total funds Jnds 2025 ds 2025 funds 2025 2024 Refreshments and EVthar6ln Soc131 evènts and funttions Reueèth)nal cooking 1.930 1,158 578 In 2024. all of thetotal lTTrC￿e from internal salèswas unrestritted. 8Ui>*rP851rde￿rQn￿￿nt Unrestdtted thjnds J25 Restdcted funds 2025 TutJl funds 2025 Totol fund5 2024 Rent Water rat 48 512 6.775 28J 4,820 2.872 3.469 2,057 512 Premises repai￿ and renewats 6,377 Gardenin8 Depre¢iatv)n Project cosis 5,718 5,715 26.934 27.1199 25.992 Page13 5tREETFOAGEWORYSHOP5 (Acompw)v Ilmlted ty8uaTrntetl NOTESTOTHEFINANCNLSTATEMEKtS FOR THE YEAR ENDED311A4RCH 2025 Man¥emertahd4drnlnt5rratTon Tot•1 fvnds 2025 Totol fund5 fund$ 20Z5 20?4 Ttrvellmg 87 18 404 37 J.205 19 521 J,oso IB T￿ephDne and Iniernet 155 162 Office and 5tafyonery and copying Accounlanry lees 162 552 552 Bank charge5 Legal and professlonalfees Bad debis Subscriptlons Dep￿tiatIon and Los5 on Disposal 76 13 34 34 534 565 435 4ml 5,104 Materfilsfor u5erf prrietES UnrE5trfLted Restricted fvnds fijnds 2025 2025 Tlxal fund$ 1025 rotol ytsnds 2024 Hortiwiiure m.ateri31s 387 2n Woodwork mater1315 Depreciabon $29 L279 12.770 1.288 L279 14.664 14,664 14,879 IL EquIpThentfor￿￿ke5 p￿ded ljrffe5trkted Re5trittÉd funds fvnds 2015 2D25 Total fund5 2025 TDtol nd5 20?4 HL¥riculturE- repairs and renewa15 211 4J8 2.598 J.288 363 961 L279 woodwork- repair5 and rÉnèwals L279 4.815 Page 14 STrEET FORGE WOAISHOPS (Acomwryllmthdbyguararbte21 NOTE5TOThE FININa￿l$TATZMEKfs FOR THEYEAR ENDED 31 MARCH 2025 li ty¥ndwetfarn Unr•strfoed aestrfcted fund5 fijnds Totsl fur 2025 Tota fvnds 2024 Project Insur8nce 5.015 3.761 sn 725 550 473 s,0 4.58J 5,480 725 2.269 $52 Refreshments 575 725 550 473 Recre?tioDal cooking Personal proteCt￿eeaU1oMeTht DepreriatKTrn 735 ILC07 14.628 NetIr￿emIT$ resour￿/(re￿2lCÉs¢l¥¢ndQd} 2024 Deweciation and loss on d15PDSal of tawiblefixed a￿ets.. -owned byihe charty 711 9,594 A￿5 The Independent Examinpr's remuneration Ilncludin8 attounis preparationl amounts to El.08012024-£1,0801. Page 15 5rftE￿ FORGEWORKSHOP5 (Acornparyllmrted iv8￿rIn￿e) NOTE5TOIHE FINthVAI STATEMENTS FOR THEYEAR ENDEL)31 MIRCH ￿5 Uftrestrtted fvnd5 2025 Tot41 fimds fvnds 2015 2024 L799 2.055 3.691 13L799 2,￿5 3,fj91 131,927 1.253 3.521 Social 5eEurity Costs Othè¢ pension c05t5 Contract st3ff RecogDition and reward Staff trainingand v￿lfare 627 358 472 J38,274 138,274 137,531 The a¥era8erwmberLrf byttr* Ojmppny(bJrfrytht￿r 75asfdknws'. 2025 2024 io io No eTnp1gyee receiveLI rEmune￿t1on amounting to more ih3n £60.OW in erther year. Tan8lbleflxed 8 Leasehdd lrnyoYemeMS Too151nd equlpThent Computer EqulpmErnt At 1st April D15posals 54,995 49.284 4,717 I￿.938 550 Al 315t M3rch 49.284 5.267 lo9￿ 41,574 4,218 75,598 DIsp05a Charge lor year 5,718 2￿57 435 8.no At 3l5t M8rch 35,524 44,lli 4.653 Net po0kval￿e Carried forward IYA71 5.153 614 25,21B Brought forward 25,189 7.710 33.398 Page 16 EETFORGEWORKSHOPS IAcL¥npJnyllrnrted ty8u8r¥ntse) NOTESTOTHE FINANcI￿sTA1E￿ENIS FOR THE YEAA ENDED31MARCH 2025 17. 202S 2024 Raw materia15 Work in progress Finished Bo(￿5 and8o¢dsfor resale 3,630 J78 1,752 626 1467 4543 5.5f Debtor5 2014 Trade debiors Pre-payments IL301 467 19.785 11.768 20,153 Credltors-. Amountsf8lllryth¢Ylthln ￿eyear 2015 2024 Trade creditors Actyy¥15 and deferred Intorne 7.199 4240 8.279 Page17 STrErr FORGE WORKSHOPS (Acorn￿￿¥ ￿rn￿ted ￿ 8uar¥rrteel NOTESTOThE FINAh%lALSTATEMEp4rs FOR THEYEAR ENDED31 ￿(￿CH 2025 ststementoffvnds Brou8ht FThard Eyndlture Trnn5fErs F(￿r￿ Unrestr*ted General Funds before pr￿1 year 139,333 182,736 1197.fO)1 Rest31emenl ofiunds forchan8ES In accounting policy2017. 142731 14.2731 181736 lJ).116 Rèstrfttedfvnd5 Gazebo Other restricted fund 165 11651 1165 Totsl Dffvnds 5,0 18L9DI 1197,8451 2L An8ly515 of nEtassets bets￿en fllnd5 Unrethdtd funds Re￿leted funds 2025 Tot41 Total fvnth fund5 2025 2024 15.238 99.1 14.2401 25.238 99,118 33.395 109,941 18.279) Creditors due within oneyear 120.116 120,116 135,060 22. pe￿C￿ ComrnStments The company operarès a defined contributiODS Scheme The asset5 of the 51hem¢ are held separaielyfrom those of the cornwny in an Independenity adrninistered Ivnd. The pens￿￿ COSt¢h?rge represent5 CQlltnbubons pl￿ble bythecomp3nytO Ihe fund. Pag$ 18 EETFORGEWORbSHOPS IAcL¥npanyllmlted by8var¥Ns¢I NIJTESTOTHE FINANCIAL5fATEMENTS FOR THEIW ENDED31 M4RCH 2025 23. Deaulpfjonoffunts Gazebo Th15 grant was provided to contribuie tDthe Ion5trucban ofthe gazebo ai ihe le*ehDld property. Grants Includin travel and PPE Theso Are specific grantsto bespenton transportof 5eMce5 users. M5DC Wc& & Garden Shed Thi5 8rant W35 receivèd froffl Mid Suffolk Dlstilci Council to contribute to rhecost of newiimber pur¢hase Tran5fer¥fr*￿eeTrIunds Énil 12024.. £nill was transferred from re5tritted to unre#ntted funds durirbg the year to corrett thÈ tla551fiiaiion of £rants received during the previou5 period whirh are not CW5idered to meet thè critÈria for reslrioed funds. 25. OpeThdn8 loa8e¢omM￿nts At ès the balance Sheet date the tgtal of the Charrty's future minimutn lease payments under Don-canceIlèb￿ Dperatl leases was-. 2015 2024 Land and buildin Within Iye3r Betwoen l and 5 Ye8r5 500 4*75 6,500 11.375 11375 17,875 16. otherfinarrtkl ￿￿rn￿ments There wefe no otherfinèficial cornmitmentsl2024 none) at the balance sheer dale. Pag819