Charity Accounts Intelreading the accounts so you don’t have to

IPSWICH FURNITURE PROJECT

Registered charity 1151719 · accounts filings on the Charity Commission register

Supplying furniture and other household items to people in need, or other organisations working to prevent or relieve poverty for the benefit of people who are living in East Anglia.Provision of training, work experience, workshops to enhance work and life skills.Protection and preservation of the environment by waste-reduction, re-use, reclamation, recycling, using recycled goods.

Causes: Education/training · The Prevention Or Relief Of Poverty · Environment/conservation/heritage · website · Get email alerts

Latest income
£622k
Latest spending
£623k
Registered
2013
Accounts read
FY2025

Financial health, per its FY2025 accounts

The charity reported a small deficit of £1,419 for the year, resulting in total reserves of £215,656. However, its free unrestricted reserves of £96,156 are below the trustees' stated policy target of £155,552, representing less than three months of unrestricted expenditure. The trustees acknowledge this shortfall and intend to monitor it over the next year.

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

What the accounts disclose

Highest-paid employee band: up to £60,000 — below the median for charities its size (£60k)
“No employee received employee benefits of more than £60,000 during the year (2024: Nil).” — page 17
Per its FY2025 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £96k; policy: three month’s unrestricted expenditure)
“At 31 March 2025 the charity had general un-designated free reserves of £96,156 (2024: £102,075). The trustees will seek to monitor the shortfall in reserves over the next year.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.

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

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

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

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

Total income
£622k
Total spending
£623k
Reserves (reported)
£96k
Employees
13

Reported reserves equal ~1.9 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Charitable activities (60% 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: 0.0% of total income — below the median for charities its size (4.9%) (benchmarks).

Register events

Trustees · trustee networks

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

Operates in: Essex · Norfolk · Suffolk

Income and spending

Financial year endIncomeSpending
31/03/2025£622k£623k
31/03/2024£550k£571k
31/03/2023£678k£706k
31/03/2022£785k£740k
31/03/2021£713k£544k

Common questions

Is IPSWICH FURNITURE PROJECT financially healthy?

Per its FY2025 accounts: The charity reported a small deficit of £1,419 for the year, resulting in total reserves of £215,656. However, its free unrestricted reserves of £96,156 are below the trustees' stated policy target of £155,552, representing less than three months of unrestricted expenditure. The trustees acknowledge this shortfall and intend to monitor it over the next year. Its FY2025 accounts were independently examined.

What does the highest-paid employee of IPSWICH FURNITURE PROJECT earn?

Per its FY2025 accounts, the highest-paid employee was in the up to £60,000 band.

Who funds IPSWICH FURNITURE PROJECT?

Funders whose own accounts filings name IPSWICH FURNITURE PROJECT as a grant recipient include THE MRS L D ROPE THIRD CHARITABLE SETTLEMENT.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE MRS L D ROPE THIRD CHARITABLE SETTLEMENTFY2025£60kTowards the core running costs and help with delivery costs of goods.
THE MRS L D ROPE THIRD CHARITABLE SETTLEMENTFY2024£40kA grant to support with delivery costs across Suffolk for individual grants awarded by The Rope Trust.
THE MRS L D ROPE THIRD CHARITABLE SETTLEMENTFY2022£10kGrant towards completing the purchase of a new van to collect and deliver furniture and white goods.