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Registered number: 7609479
Charity number: 1143610
FURNIHELP MID SUSSEX
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
CONTENTS
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Reference and administrative details of the company, its Trustees and advisers
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Independent examiner's report
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Statement of financial activities
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Notes to the financial statements
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2022
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Mr T J Webster, Trustee (appointed 23 July 2021)
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Company registered number
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Charity registered number
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Unit B5 Horsted Keynes Industrial Park
Cinder Hill Lane, Horsted Keynes
Haywards Heath
West Sussex
RH17 7BA
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GMBC LLP
Chartered Tax Advisers and Accountants
Marine House
151 Western Road
Haywards Heath
West Sussex
RH16 3LH
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HSBC Bank PLC
40 South Road
Haywards Heath
West Sussex
RH16 4LA
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The Trustees present their annual report together with the financial statements of Furnihelp Mid Sussex for the 1 April 2021 to 31 March 2022. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The charity’s primary objective is to recycle good quality furniture and household goods from those wishing to donate items to those in need. We operate solely within the Mid-Sussex District and our clients are almost always referred to us by social services, NHS agencies, Housing Associations or similar.
We aim through our work to reduce the amount of furniture and household goods being sent to landfill thus helping meet local targets for recycling.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Activities undertaken to achieve objectives
We continue to work closely with local agencies to meet the needs of those referred to us. We advertise through leaflets and occasional articles in local journals which help maintain a steady stream of donated furniture and household effects.
We continue to seek volunteers for all roles within the charity including at Trustee level.
c. Volunteers
The Chairman and other Trustees would like to express their deepest gratitude to all the volunteers whose work for the charity enables it to function.
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
Achievements and performance
a. Review of activities
The year was more or less normal compared to 2020-21 although it continued to be impacted by the Covid-19 pandemic. In particular this limited the extent to which van crews could deliver beyond the front door and likewise with collections. However, against a notional target of 240 we managed to complete 206 deliveries and accepted donated items from 265 households.
We were fortunate in gaining two new volunteers during the year which has strengthened the Board and the office team.
b. Fundraising activities and income generation
Funding from West Sussex CC through the Local Assistance Network (LAN) remained constant at £7,500 and we received a very welcome donation of £1,000 from Barratt Housing. We continue to sell unwanted stock through auctions and sell scrap metal to a local dealer. We seek modest cash donations from each household donating goods in order to defray the costs of collection and claim gift aid on donations where this is possible.
The District Council has yet to respond to our request for discussions on future funding.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the next two years. The Trustees have decided that the end of the lease in August 2023 represents an appropriate opportunity to consider the longer term future of the charity. However the current reserves are sufficient to allow the adoption of the going concern basis in preparing the financial statements.
b. Principal funding
During the year our principal recurrent funding source was the LAN.
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
Structure, governance and management
a. Constitution
Furnihelp Mid Sussex is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. It has been granted exemption from use of the word "limited" and is a registered charity number 1143610.
b. Methods of appointment or election of Trustees
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
c. Organisational structure and decision-making policies
Policy decisions are made by the Board at meetings held on a quarterly basis. Day to day decisions are made by Trustees/Directors on an individual basis according to their area of responsibility and in consultation with colleagues.
During the year Trevor Webster took over the role of Treasurer from Richard Toomer, who continues as Company Secretary.
Plans for future periods
In the year to 31 March 2023 we intend to maintain our profile locally by taking a stall at Lindfield Village Day and any appropriate similar events held elsewhere in Mid Sussex District.
We will continue to ensure that the relevant agencies in Mid-Sussex are aware of our work and the services we offer either via internet or personal communications.
Whilst our cash reserve is sufficient to plan for another deficit year fundraising will have to commence towards the second half of the year in order to give certainty to the charity’s immediate future. We hope that the District Council will take the view that we are an essential service and provide a modest element of funding accordingly. Beyond that we would hope to raise additional funds from established charitable sources as we have managed to do in earlier years.
In the event that no significant additional funding is secured from the District Council or elsewhere the Trustees have agreed that the charity will steadily deplete its cash reserve with a view to continuing until the end of the current lease in August 2023 at which point it will be closed down.
A key priority for the year to 31 March 2023 is to identify and appoint at least one additional Trustee.
Members' liability
The Members of the company guarantee to contribute an amount not exceeding £1 to the assets of the company in the event of winding up.
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the company 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 Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
∙select suitable accounting policies and then apply them consistently;
∙observe the methods and principles of the Charities SORP (FRS 102);
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 12 July 2022 and signed on their behalf by:
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2022
Independent examiner's report to the Trustees of Furnihelp Mid Sussex ('the company')
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I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 March 2022.
Responsibilities and basis of report
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As the Trustees of the company (and 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 the company's accounts 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
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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:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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 Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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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.
This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.
Signed: Dated: 3 August 2022
Tina Pearce
GMBC LLP
Chartered Tax Advisers and Accountants
Marine House
151 Western Road
Haywards Heath
West Sussex
RH16 3LH
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2022
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Total funds brought forward
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Total funds carried forward
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The Statement of financial activities includes all gains and losses recognised in the year.
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The notes on pages 10 to 22 form part of these financial statements.
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
REGISTERED NUMBER: 7609479
BALANCE SHEET
AS AT 31 MARCH 2022
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
REGISTERED NUMBER: 7609479
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022
The company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 12 July 2022 and signed on their behalf by:
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The notes on pages 10 to 22 form part of these financial statements.
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Furnihelp is a private charitable company, limited by guarantee, domiciled in England and Wales, registration number 7609479. The registered charity number is 1143610. The address of both the registered office and the principal place of business is Unit B5 Horsted Keynes Industrial Park, Cinder Hill Lane, Horsted Keynes, Haywards Heath, West Sussex, RH17 7BA.
2.Accounting policies
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Basis of preparation of financial statements
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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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Furnihelp Mid Sussex meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
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.
Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
2.Accounting policies (continued)
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
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Tangible fixed assets and depreciation
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Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. .
Depreciation is provided on the following bases:
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25% reducing balance basis
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100% in year of acquisition
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25% reducing balance basis
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Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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Liabilities and provisions
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Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
2.Accounting policies (continued)
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
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Income from donations and legacies
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West Sussex Local Assistance Network
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Mid Sussex District Council
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Income from other trading activities
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Income from charitable activities
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Donations re collections and deliveries
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
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Analysis of expenditure on charitable activities
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Analysis of expenditure by activities
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Activities undertaken directly
2022
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Recycling furniture and household goods
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
7.Analysis of expenditure by activities (continued)
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Recycling furniture and household goods
2022
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Cost of deliveries and collections
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Maintenance and repair - store
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Goods purchased for distribution
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
7.Analysis of expenditure by activities (continued)
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Analysis of support costs
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Recycling furniture and household goods
2022
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Office telephone and communication
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Trustees expenses reimbursed
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Independent examiner's remuneration
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Fees payable to the company's independent examiner for the independent examination of the company's annual accounts
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Trustees' remuneration and expenses
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During the year, no Trustees received any remuneration or other benefits (2021 - £NIL).
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During the year ended 31 March 2022, expenses totalling £20 were reimbursed or paid directly to 1 Trustee (2021 - £NIL). The expenses related to travel costs.
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
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Financial assets measured at amortised cost
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Financial liabilities measured at amortised cost
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Financial assets measured at amortised cost comprise cash at bank and in hand.
Financial liabilities measured at amortised cost comprise accruals.
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
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Statement of funds - current year
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Balance at 1 April 2021
£
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Balance at 31 March 2022
£
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Aim and use of restricted funds
The van replacement fund was set up in a previous year. The van purchase cost has been included in fixed assets and the cost incurred during the year relates to depreciation.
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
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Statement of funds (continued)
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Statement of funds - prior year
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Balance at
1 April 2020
£
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Balance at
31 March 2021
£
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
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Summary of funds - current year
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Balance at 1 April 2021
£
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Balance at 31 March 2022
£
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Summary of funds - prior year
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Balance at
1 April 2020
£
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Balance at
31 March 2021
£
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FURNIHELP MID SUSSEX
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
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Analysis of net assets between funds
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Analysis of net assets between funds - current year
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Creditors due within one year
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Analysis of net assets between funds - prior year
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Creditors due within one year
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