FURNITURE RECYCLING PROJECT

Registered charity 1057619 · accounts filings on the Charity Commission register

1. The prevention or relief of poverty and financial hardship by re-use, recycling and supplying of items of furniture, electrical appliances and other household items to persons in need2. The advancement of education by the provision of volunteering and learning opportunities3. The protection and perseveration of the environment for the public benefit via waste reduction, re-use and recycling

Causes: The Prevention Or Relief Of Poverty · website · Get email alerts

Latest income
£532k
Latest spending
£519k
Registered
1996
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves stood at £262,181, with free reserves of £247,748, which the trustees confirm is within their stated policy target of three to twelve months of unrestricted expenditure. The charity reported a net surplus for the year, although it noted that the Cheltenham shop remained loss-making and was subsequently closed in September 2025.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: none
“Income from sales of Donated Furniture 435,121” — page 14
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: three and twelve months of the unrestricted resources expended (held: £248k)
“It is the policy of FRP to maintain undesignated, unrestricted funds excluding fixed assets, which are free reserves, at a level that equates to between three and twelve months of the unrestricted resources expended.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: NFP Trading Limited
“FRP has a wholly owned trading subsidiary called NFP Trading Limited (“NFP”)”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Public profiles (found on the charity’s own website): facebook

Structured financials (annual return, FY ending 31/03/2025)

Total income
£532k
Total spending
£519k
Cost of raising funds
£45k
Reserves (reported)
£247k
Employees
12

Reported reserves equal ~5.7 months of spending — above the median for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Charitable activities (84% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 8.4% of total income — above the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Gloucestershire

Income and spending

Financial year endIncomeSpending
31/03/2025£532k£519k
31/03/2024£550k£470k
31/03/2023£477k£430k
31/03/2022£308k£351k
31/03/2021£383k£309k

Common questions

Is FURNITURE RECYCLING PROJECT financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £262,181, with free reserves of £247,748, which the trustees confirm is within their stated policy target of three to twelve months of unrestricted expenditure. The charity reported a net surplus for the year, although it noted that the Cheltenham shop remained loss-making and was subsequently closed in September 2025. Its FY2025 accounts were independently examined.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Community Fund06/03/2020£10kLearn to Succeed
The National Lottery Community Fund09/11/2018£10kSpark Change
The National Lottery Community Fund09/12/2015£9kThe Furniture Recycling Project Database
The National Lottery Community Fund15/11/2012£10kMobility aid rental
The National Lottery Community Fund08/12/2010£295kFurniture Reuse Distribution (FRED)