**Charity registration number NIC108920 (Northern Ireland) Company registration number NI678721** ## **SOMETHING MORE FOR YOU LTD** **(A COMPANY LIMITED BY GUARANTEE)** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **SOMETHING MORE FOR YOU LTD (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION** ## **Trustees** Mrs P Andrews Mrs P Bothwell Miss B Snodgrass Mr P Andrews Mrs K Thompson **Charity number** NIC108920 **Company number** NI678721 **Principal address** 95 Darkley Road Keady Co Armagh BT60 3AY **Independent examiner** GMcG PORTADOWN 17 Mandeville Street Portadown Craigavon Co Armagh BT62 3PB **Bankers** Ulster Bank 7 Upper English Street Armagh Co Armagh BT61 7BL ## **SOMETHING MORE FOR YOU LTD (A COMPANY LIMITED BY GUARANTEE) CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 4| |Independent examiner's report|5 - 6| |Statement of financial activities|7| |Balance sheet|8| |Notes to the financial statements|9 - 16| ## **SOMETHING MORE FOR YOU LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025** The trustees have the pleasure in presenting their report and the financial statements of the charitable company for the year ended 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and applicable accounting standards, 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the charity's governing document, the Charities Act (Northern Ireland) 2008, Charities Act (Northern Ireland) 2013, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015, Companies Act 2006 and UK Generally Accepted Practice. ## **Objectives and activities** The Objects of the charitable company are: - We aim to support people in our community in a practical way who are facing homelessness - We work voluntarily to help break the cycle of poverty in our community with our social café (with charity shop) where people can meet and also avail of our food bank and social groups. - We address local issues of loneliness, isolation, addiction, drugs, and help disadvantaged people in need to overcome their problems and family situations. - We help some of the most marginalised at-risk men, women and young people who experience social isolation, poor physical and mental health, low educational attainment, and are in receipt of benefits including free school meals or low-income working poor. - We work consistently for a more united society where historic issues of political tension are resolved and the negative impact reduced. Reconciliation is a core value of Something More For You Ltd and when it goes off the social media platform this pillar of right thinking and wholesome living kicks in. ## _Public benefit_ The trustees of Something More For You Ltd confirm that they have had due regard for the guidance on Public Benefit by the Charity Commission for Northern Ireland and are please to report that during the year, the charity continued to provide the Public Benefits through programmes and services they offer. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. ## _Public benefits:_ The Benefits which flow from Something More For You Ltd are: The direct benefits are: - practical support bringing help and healing to families in need and at a crisis in their life, - the discovery of new friends as a result of historic divisions being redressed, - people have scope to develop in training and job experience in retail and catering, - the town has Something More and a signal of hope which can be traced in our activities, - families under pressure have a new menu and a fresh wardrobe of clothes, - the Christmas list and the social media connections increase in friendship and trust, - people have dates in their new diary to look forward to and plan their finances around. Those individuals who benefit include: men and women who are in receipt of benefits, young people on community service, travellers and ethnic minorities. - 1 - ## **SOMETHING MORE FOR YOU LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** ## _Activities_ Something More For You ltd continues to develop into a unique expression of support, healing and hope. Our prime location in the Cardinal O’Fiaich square allows us to add to the existing culture a blend of reconciliation and good will to all. This wonderful junction in community development is both exciting and inviting. It has the challenge of maintaining good communication with all involved and ongoing reassurance that everyone is equal, welcome and loved. The second anniversary of Something More For You Ltd was an opportunity to reflect on the development of partnerships between volunteers, customers, service users and the wider society of PSNI, social workers, Probation Service and those agencies of social concern in the Republic of Ireland. Something More For You Ltd hosts four main hinge activities which swing us into the heart of issues and concerns. 1. The charity shop has public opening Monday to Friday and local volunteers operate the process of sorting, pricing and displaying the huge quality and quantity of donations. We really value these amazing volunteers who are able to serve the whole community and who add value to the process by genuine smiles and personal interest. 2. The Food Bank provides fresh free food, toiletries and health care products. We are able to maintain this service by regular donations from Sainsburys in Armagh and Tesco in Monaghan. This service is open to all – those on benefit or in low paid employment. 3. The Friday Club is for rural support and responds to isolation and attracts people from a fifteen mile radius creating a cross community ethos where issues of conflict and trust can be explored. Some come for heat, others eat a snack and most return and bring a friend. 4. Emerging from the Friday Club has been a range of workshops, providing stimulation towards learning and training. Keeping fun and pleasure at the heart we explore how to positively respond to the cost of living by home cooking, upcycling and the confidence to mix and match fashion items. The result has been the reduction of poverty and an ease on life’s pressures with the added bonus of community cohesiveness. ## **Achievements and performance** ## _Significant activities and achievements against objectives_ The name gives a hint that something more is needed to our existing political process, peacefulness and calmness in unity. Personal experiences have been expressed as an example of how to receive new vision and let go of old ideas and community chill in Crossmaglen. We have secured local business support and input from supporters who drive top of the range vehicles and we have connection with students via upcycling school uniforms. In return St Patricks primary came and performed part of their musical for the customers. We also want to highlight the unique role and achievement of the residents of Darkley House who serve, work hard and tell their own journey from homelessness to hope and security. This clarifies the purpose of the cross community hub and reassures the public of local benefit and empowerment. Total income for the year amounted to £52,843 (2024: £34,634). income from charitable activities amounted to £52,843 (2024: £34,634). Total expenditure for the year amounted to £57,996 (2024: £34,608). The cost of charitable activities amounted to £57,996 (2024: £34,608). The net expenditure for the year amounted to £5,153 (2024: income of £26). The trustees are of the opinion that adequate income will continue to be received and that there will be adequate funding for all future activities. ## **Financial review** ## _Reserves policy_ It is the policy of the charitable company to maintain free reserves which matches the needs of the trust, both at the current time and the foreseeable future. This provides sufficient funds to cover running costs which include management, administration and support costs. Free reserves are those unrestricted reserves not designed nor invested in fixed assets which are available for general use. ## _Funding_ The principal funding is from shop sales. - 2 - **SOMETHING MORE FOR YOU LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** ## **Plans for future periods** It is our intention to pursue funds to employ staff for community development as this will maintain a consistent focus in training and working together. Several funders have been identified and Gail Lockhart has been commissioned on a voluntary basis to apply on behalf of Something More For you for this foundation funding. The five year business plan continues to be our guide and provides a sense of accountability and purpose. In conjunction with the Board of Directors of Crossfire Trust volunteers and service users combined their interests and drew up a list of requirements that the charity require going forward. The Board employed the services of Hall Black Douglas Architects to investigate the best use of the site and to present plans for Community Consultation. This led to an application to the Community Ownership Fund which unfortunately failed but the process has empowered us to fine tune every aspect and going forward secure the input of a tried and tested developer. The delayed Planning permission was frustrating but after months of debate and reflection the Board of Trustees are delighted with the outcome of a three storey sun filled design with all the requirements of Something More met in full. ## **Structure, governance and management** ## _Governing document_ Something More For You Ltd is a charitable company limited by guarantee and does not have any share capital. It was incorporated on 22 April 2021 and registered as a charity with The Charity Commission for Northern Ireland on 8 June 2022. In the event of the company being wound up members are required to contribute an amount not exceeding £1. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mrs P Andrews Mrs P Bothwell Miss B Snodgrass Mr P Andrews Mrs K Thompson ## _Recruitment and appointment of trustees_ The trustees regularly review the requirements of the charity and the possibility of a need for additional trustees. Any new trustees would be appointed by resolution of a meeting of all the trustees passed by a majority of those present. Appropriate training and induction is available to all trustees. ## _Risk management_ The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to mitigate an exposure to major risks. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors. These procedures are periodically reviewed at least annually to ensure that they continue to meet the needs of the charity. GDPR policies and procedures are in place and there have been no issues during the year. Limited personal information is stored. There were no safeguarding issues during the year. ## _Organisational structure_ The directors oversee the running of the charitable company. Crossfire Trust and Memory Making Ltd are deemed to be related parties as they each have one trustee who is also a trustee of this charitable company. - 3 - SOMETHING MORE FOR YOU LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Responsibilities of the trustees The trustees (who are also the directors of Something More For You Ltd for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted AccoLtnling Practice) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The law applicable to charities in Northern Ireland requires the trustees to prepare financial Statements for each financial period which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. including the income and expenditure, of Ihe charitable company for that peiiod. In preparing these financial stalements. the diiectots are required lo.. select suilable accounting policies and then apply them consislentty. observe Ihe methods and principles in Ihe Charities SORP 2019 {FRS 1021, make judgements and accounting estimates that are reasonable and prudent, state whether applicable UK Accounting Standards have been followed, subject to any malerial departuies disclosed and explained in the financial statement5. prepare the financial statements on the going concern basis unless it is inappropriale to presume that the charilable company will continue in operating. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any lime the financial position of the charitable company and enable them o ensure that the financial slalemenls comply with the Companies Act 2006. Charities Act {Northem Ireland) 2008 and The Charities (Accounls and Reports) Regulalions (Northern Ireland) 2015. The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and inlegiity of the coiporate financial information included on the charilable compar)y's webstte. Legislalion in the United Kingdom governing Ihe preparalion and dissemination of financial slalemenls may differ from legislation in olher jurisdictions. The trustees, report was approved by the Board of Trustees. Mrs P Bothwell Trustee Dale.. 30.1.202 CHARTERED ACCOUNTANTS SOMETHING MORE FOR YOU LTD (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOMETHING MORE FOR YOU LTD I report on the accounts of the charitable company for the year ended 31 March 2025 as set out on pages 8 10 16. Responsibilities and basis of report The charity's trustees (who are also the directors of Something More For You Lld for the purposes of company law) are responsible for the preparation of Ihe account5 in accordan￿ with the requirements of the Companies Act 2006. Having satisfied myself that the charty is nol subject to audit under company law and is eligible for independent examination, il is my responsibility to.. examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008, follow the procedures laid down in the general Directions given by the Charty Commission for Northern Ireland under section 65(9){b) of the Charities Act, and state whether particular matters have come to my attention. I have examined your charity accounts as required under section 65 of the Charilies Act and my examination was carried out in accordance with the general Directions gtven by the Charity Commission for Northem Ireland under seclion 6519)(b) of the Charities Act. The examination included a review Of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosures in Ihe accounts, and seeking explanations from you as chartty trustees concerning any such matters. Independent examinerfs ststement I have completed my examination and I have no concems in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charty Commission for Northern Ireland. I have found no matters that require drawing to your attention. accounting records were not kept in respect of the charitable company as required by section 386 of the Companies Act 2006. the financial slatements do nol accord with those records., or Ihe financial statements do not comply wtth the accounting requirements of section 396 of the Companies Act 2006 olher than any requirement that the financial statements give a true and fair view. which 15 not a matter considered as part of an independent examination.. or the financial statements have not been prepared in accoidance wilh the methods and principles of the Statement of Recommended practi￿ for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). 17 Mandeville Street Portadown Craigavon BT62 3PB .41fred House 39 Alfred Stre Belfast BT2 8EQ Century House 40 Cre5LTnt B￿sInesS Park iA.sburn BT28 2GN I￿13nd Tel* +44 (0)28 3833 28ox Tel: ++1 (0)28 9031 1113 Tel: +M (0)28 9260 7355 SOMETHING MORE FOR YOU LTD (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF SOMETHING MORE FOR YOU LTD I can cor)firm that l am qualified to undertake the examination because l am a registered member of Chartered Accountants Ireland which 15 one of the listed bodies. I have completed my examinalion and have no Con￿r￿S in respect of matters (1) to {4) listed above and, in connection with following the Directions of Ihe Charity Commission for Northem Ireland. I have found no matters that require drawing to your attention. CM MCCARTER FCA GMCG PORTADOWN Chartered Accountants 17 Mandeville Street Portadown Craigavon Co Armagh BT62 3P Dale.. ## **SOMETHING MORE FOR YOU LTD (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## **FOR THE YEAR ENDED 31 MARCH 2025** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income from:**
Charitable activities
**3**
37,170
15,674
**Total income**
37,170
15,674
**Expenditure on:**
Charitable activities
**4**
47,080
10,916
**Total expenditure**
47,080
10,916
**Net income/(expenditure) and**
**movement in funds**
(9,910)
4,758
**Reconciliation of funds:**
Fund balances at 1 April 2024
14,819
6,732
**Fund balances at 31 March**
**2025**
4,909
11,490|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
52,844
24,070
10,564
52,844
24,070
10,564
57,996
30,776
3,832
57,996
30,776
3,832
(5,152)
(6,706)
6,732
21,551
21,525
-
16,399
14,819
6,732|**Total**
**2024**
**£**
34,634| |---|---|---| |||34,634
34,608| |||34,608| |||26
21,525| |||21,551| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 9 to 16 form part of these financial statements. - 7 - SOMETHING MORE FOR YOU LTD (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 4.080 544 Current assets Debtors Cash al bank and in hand 10 1,563 11,955 10,285 13,800 13,518 24,085 c￿ditors. amounts falling due within one year 11 (1,199) (3,078) Net current assets 12,319 21,007 Total assets less current liabilities 16.399 21,551 The funds of the charitable company Reslricled income funds Unreslricled funds 13 14 11,490 4,909 6,732 14,819 16,399 21,551 The notes on pages 9 10 16 form part of these financial statements. The company is entitled lo Ihe exemption from Ihe audit requirement contained in section 477 of the Companies Act 2006, foi the year ended 31 March 2025. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of ils financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject lo the small companies regime. 3.0 :.1..: 102 The financial statements were approved by the trustee5 on ..... Mrs P Bothwell Trustee Company registration number N1678721 (Northem Ireland) **SOMETHING MORE FOR YOU LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 MARCH 2025** ## **1 Accounting policies** ## **Charity information** Something More For You Ltd is a charitable company limited by guarantee incorporated in Northern Ireland. The registered office is 95 Darkley Road, Keady, Co Armagh, BT60 3AY. ## **1.1 Basis of preparation** The financial statements have been prepared in accordance with the charitable company's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charitable company is a Public Benefit Entity as defined by FRS 102. The charitable company has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows. The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. 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. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charitable company. ## **1.4 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. - 9 - **SOMETHING MORE FOR YOU LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** ## **1 Accounting policies (Continued)** ## **1.5 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. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings 20% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.7 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). ## **1.8 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.9 Financial instruments** The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. - 10 - **SOMETHING MORE FOR YOU LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **FOR THE YEAR ENDED 31 MARCH 2025** ## **1 Accounting policies (Continued)** ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled. ## **1.10 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.11 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **2 Critical accounting estimates and judgements** In the application of the charitable company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. - 11 - ## **SOMETHING MORE FOR YOU LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **FOR THE YEAR ENDED 31 MARCH 2025** ## **3 Income from charitable activities** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
**Charitable activities**
Shop sales
15,270
-
Recycling
4,178
-
Facilitation
4,500
-
Grants
13,222
15,674
37,170
15,674|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
15,270
15,618
-
4,178
6,952
-
4,500
-
-
28,896
1,500
10,564
52,844
24,070
10,564|**Total**
**2024**
**£**
15,618
6,952
-
12,064| |---|---|---| |||34,634| ## **4 Expenditure on charitable activities** ||**Charitable**|**Charitable**| |---|---|---| ||**activities**|**activities**| ||**2025**|**2024**| ||**£**|**£**| |**Direct costs**||| |Staff costs|36,169|24,114| |Facilitation|900|-| ||37,069|24,114| |**Share of support and governance costs (see note 5)**||| |Support|19,964|9,894| |Governance|963|600| ||57,996|34,608| |**Analysis by fund**||| |Unrestricted funds|47,080|30,776| |Restricted funds|10,916|3,832| ||57,996|34,608| - 12 - ## **SOMETHING MORE FOR YOU LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **FOR THE YEAR ENDED 31 MARCH 2025** ## **5 Support costs allocated to activities** |Shop running costs
Governance costs
**Analysed between:**
Charitable activities|**2025**
**£**
19,964
963
20,927
20,927|**2024**
**£**
9,894
600| |---|---|---| |||10,494| |||10,494| ## **6 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year. ## **7 Employees** The average monthly number of employees during the year was: ||**2025**|**2024**| |---|---|---| ||**Number**|**Number**| ||1|1| |**Employment costs**|**2025**|**2024**| ||**£**|**£**| |Wages and salaries|33,606|22,405| |Other pension costs|2,563|1,709| ||36,169|24,114| There were no employees whose annual remuneration was more than £60,000. ## **8 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. - 13 - **SOMETHING MORE FOR YOU LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **FOR THE YEAR ENDED 31 MARCH 2025** |**9**
**Tangible fixed assets**
**Cost**
At 1 April 2024
Additions
At 31 March 2025
**Depreciation and impairment**
At 1 April 2024
Depreciation charged in the year
At 31 March 2025
**Carrying amount**
At 31 March 2025
At 31 March 2024
**10**
**Debtors**
**Amounts falling due within one year:**
Other debtors
Prepayments and accrued income
**11**
**Creditors: amounts falling due within one year**
Accruals and deferred income
**12**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**Fixtures and**
**fittings**
**£**
680
4,590
5,270
136
1,054
1,190
4,080
544
**2025**
**2024**
**£**
**£**
1
10,241
1,562
44
1,563
10,285
**2025**
**2024**
**£**
**£**
1,199
3,078
**2025**
**2024**
**£**
**£**
2,563
1,709|**Fixtures and**
**fittings**
**£**
680
4,590
5,270
136
1,054
1,190
4,080
544
**2025**
**2024**
**£**
**£**
1
10,241
1,562
44
1,563
10,285
**2025**
**2024**
**£**
**£**
1,199
3,078
**2025**
**2024**
**£**
**£**
2,563
1,709| |---|---|---| |||5,270| |||136
1,054| |||1,190| |||4,080| |||544| |||**2024**
**£**
10,241
44| |||10,285| |||**2024**
**£**
3,078| |||**2024**
**£**
1,709| The charitable company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. - 14 - **SOMETHING MORE FOR YOU LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** ## **13 Restricted funds** The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. |**At**
**Previous Year:**
**At**|**1 April**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**At 31 March**
**2025**
**£**
**£**
**£**
**£**
6,732
15,674
(10,916)
11,490
**1 April**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**At 31 March**
**2024**
**£**
**£**
**£**
**£**
-
10,564
(3,832)
6,732| |---|---| ## **14 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. |**At**
General funds
**Previous Year:**
**At**
General funds|**1 April**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**At 31 March**
**2025**
**£**
**£**
**£**
**£**
14,819
37,170
(47,080)
4,909
**1 April**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**At 31 March**
**2024**
**£**
**£**
**£**
**£**
21,525
24,070
(30,776)
14,819| |---|---| ## **15 Analysis of net assets between funds** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
**At 31 March 2025:**
Tangible assets
408
3,672
Current assets/(liabilities)
4,501
7,818
4,909
11,490|**Total**
**2025**
**£**
4,080
12,319| |---|---| ||16,399| - 15 - ## **SOMETHING MORE FOR YOU LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **FOR THE YEAR ENDED 31 MARCH 2025** ## **15 Analysis of net assets between funds (Continued)** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 31 March 2024:**
Tangible assets
544
-
Current assets/(liabilities)
14,275
6,732
14,819
6,732|**Total**
**2024**
**£**
544
21,007| |---|---| ||21,551| ## **16 Operating lease commitments** ## **Lessee** At the reporting end date the charitable company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows: |Within one year
Between two and five years|**2025**
**£**
4,420
8,840
13,260|**2024**
**£**
4,420
13,260| |---|---|---| |||17,680| ## **17 Related party transactions** Crossfire Trust is deemed to be a related party of the charitable company as a trustee is a trustee of both charities. Memory Making Ltd is deemed to be a related party of the charitable company as a trustee is a trustee of both charities. During the year, the charity was charged £2,700 (2024: £Nil) from Crossfire Trust for use of their van. ## **18 Company limited by guarantee** The company is limited by guarantee and has no share capital. On a winding up members may be required to contribute a maximum of £1. ## **19 Contingent liability** The company has a contingent liability to repay grants received if the company fails to comply with certain conditions stipulated in the letter of offer and terms and conditions of contract under which the grants were paid. The trustees do not expect any claims to be made in this respect. - 16 -