REVIVE & RECYCLE
We clear houses and receive donated furniture. We then source needy individuals and families and give the items away Free
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £16,415 for the year, resulting in unrestricted funds falling to a deficit of £29,145. The trustees acknowledge that reserves are currently very low and consider an amount equal to a year's storage costs to be prudent. The financial statements were prepared on a going concern basis, relying on continued support from a long-term creditor.
What the accounts disclose
“Currently, the reserves are very low, and the trustees would consider an amount equal to a year's storage to be prudent.”
“Due to the fact the Charity will continue to be supported by a long-term creditor that will not seek repayment unless the charity has sufficient funds and can meet all other obligations, the trustees deem it appropriate for these financial statements to be prepared on a going concern basis.” — page 4
“The charity rents a storage space from a trustee - Vicky Carter. The value of the rental payments total to £13,784 for the period.” — page 14
“The charity rents a storage space from a trustee - Vicky Carter. The value of the rental payments total to £13,784 for the period. This has been deemed a fair market rate. All transactions between the charity and trustees' are kept on an 'arms length' basis.” — page 14
“At the year end the charity owed £2,251 to Revive and Recycle Clearances Limited, a company wholly owned by the charity.” — page 14
“The charity rents a storage space from a trustee - Vicky Carter. The value of the rental payments total to £13,784 for the period. This has been deemed a fair market rate. All transactions between the charity and trustees' are kept on an 'arms length' basis.” — page 14
“At the year end the charity owed £2,251 to Revive and Recycle Clearances Limited, a company wholly owned by the charity.” — page 14
“The charity is also related to Revive & Recycle Clearances Ltd, a wholly owned subsidiary.” — page 4
Trustees
- KATY ANN HUDSON
- michael nicholson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £36k | £52k |
| 31/03/2024 | £54k | £68k |
| 31/03/2023 | £70k | £53k |
| 31/03/2022 | £124k | £135k |
| 31/03/2021 | £55k | £44k |
Common questions
Is REVIVE & RECYCLE financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £16,415 for the year, resulting in unrestricted funds falling to a deficit of £29,145. The trustees acknowledge that reserves are currently very low and consider an amount equal to a year's storage costs to be prudent. The financial statements were prepared on a going concern basis, relying on continued support from a long-term creditor. Its FY2025 accounts were independently examined.