DONCASTER REFURNISH
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £52,699 for the year, resulting in a decrease in total funds from £725,894 to £673,195. The trustees note that unrestricted reserves of £664,293 are held against a policy target of meeting six months of core service contract costs, which they estimate will leave between £100,000 and £200,000 in reserve. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“the unrestricted reserves held by the charity should meet 6 months of expenditure requirements of core service contract costs.”
“During the year a £6,000 loan was issued to Re-Read Ltd, a company in which J McLaughlin is an employee and G Oxby is a trustee. The full amount was outstanding at year end and the loan was repayable without interest.” — page 25
“Doncaster Re-Furnish Limited also provided services in the form of van hire to Spirit of Christmas totalling £333, a charity in which the trustees hold an interest. There was no outstanding balance at year end.” — page 25
“During the year a £6,000 loan was issued to Re-Read Ltd, a company in which J McLaughlin is an employee and G Oxby is a trustee. The full amount was outstanding at year end and the loan was repayable without interest.” — page 25
“Doncaster Re-Furnish Limited also provided services in the form of van hire to Spirit of Christmas totalling £333, a charity in which the trustees hold an interest. There was no outstanding balance at year end.” — page 25
Structured financials (annual return, FY ending 30/09/2024)
Trustees
- DAVID MIDDLEMASS
- Glyn Allen Jones
- Greame Oxby
- James McLaughlin
- Joanne Ward
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | — | — |
| 30/09/2024 | £1.7m | £1.8m |
| 30/09/2023 | £1.9m | £1.8m |
| 30/09/2022 | £1.6m | £1.5m |
| 30/09/2021 | £1.9m | £1.6m |
Common questions
Is DONCASTER REFURNISH financially healthy?
The accounts state that the charity reported a net expenditure of £52,699 for the year, resulting in a decrease in total funds from £725,894 to £673,195. The trustees note that unrestricted reserves of £664,293 are held against a policy target of meeting six months of core service contract costs, which they estimate will leave between £100,000 and £200,000 in reserve. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by Kingswood Allotts Limited.