FURNITURE RECYCLING PROJECT
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
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.
What the accounts disclose
“Income from sales of Donated Furniture 435,121” — page 14
“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
“FRP has a wholly owned trading subsidiary called NFP Trading Limited (“NFP”)”
Funders the charity credits
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- DAWN MELVIN BATHchair
- Douglas John Rugg
- Janine Ruth Stafford
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 06/03/2020 | £10k | Learn to Succeed |
| The National Lottery Community Fund | 09/11/2018 | £10k | Spark Change |
| The National Lottery Community Fund | 09/12/2015 | £9k | The Furniture Recycling Project Database |
| The National Lottery Community Fund | 15/11/2012 | £10k | Mobility aid rental |
| The National Lottery Community Fund | 08/12/2010 | £295k | Furniture Reuse Distribution (FRED) |