2021-03-31-accounts

								Page
Trustees'	annual report	(incorporating		the	directors'	report)
Independent examiner's		report to the		trustees
Statement	offinancial activities		(including		income	and expenditure	account)
Balance sheet
Statement	ofcash flows
Notes to	the financial statements							10

Registered	charity	name	Ipswich	Furniture	Project
Charity registration		number	1151719
Company	registration number		05170995
Pdincipal office and		registered	Hogarth	Road
office			Ipswich
			Suffolk
			IP3 OEY

				2021		2020
			Unrestricted	Restricted
		Note	funds f	funds f	Total funds f	Total funds F
Income and endowments
Donations and legacies		5	138,601	4,290	142,891	69,272
Charitable activities		6	462,161		462,161	174,900
Other trading activities		7	107,857		107,857	208,828
Investment income		8	25		25	54
Total income			708,644	4,290	712,934	453,054
Expenditure
Charitable activities		9	538,781	5,500	544,281	433,143
Total expenditure			538,781	5,500	544,281	433,143
Net income and net movement	in funds		169,863	(1,210)	168,653	19,911
Reconciliation offunds
Total funds brought forward			24,620	28,500	53,120	33,209
Total funds carried forward			194,483	27,290	221,773	53,120

31 March	202	1
					2021		2020
				Note		F
Fixed assets
Tangible fixed assets				14		13,521		20,396
Current assets
Stocks					18,520		13,051
Debtors				15	147,681		28,626
Cash at bank	and	in	hand		75,227		20,342
					241,428		62,019
Creditors: Amounts			falling due within
one year				16	(33,176)		(29,295)
Net current assets						208,252		32,724
Total assets	less	current liabilities				221,773		53,120
Net assets						221,773		53,120
Funds ofthe charity
Restricted funds						27,290		28,500
Unrestricted	funds					194,483		24,620
Total charity	funds			18		221,773		53,120

Year ended 31Ilarch	2021
			2021 f	2020
Cash flows from operating	activities
Net income			168,653	19,911
Adfustmenis for:
Depreciation oftangible fixed assets			6,875	6,875
Other interest receivable and	similar income		(25)	(54)
Accrued expenses/(income)			50	(125)
Changesin:
Stocks			(5,469)	(5,519)
Trade and other debtors			(119,055)	(5,797)
Trade and other creditors			3,831	(2,271)
Cash generated from operations			54,860	13,020
Interest received			25	54
Net cash from operating activities			54,885	13,074
Cash flows from investing	activities
Purchase oftangible assets				(22,000)
Net cash used in investing activities				(22,000)
Net increase/(decrease) in	cash and cash	equivalents	54,885	(8,926)
Cash and cash equivalents	at beginning	ofyear	20,342	29,268
Cash and cash equivalents	at end ofyear		75,227	20,342

5.	Donations and legacies
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2021
					6	6	f
	Grants
	Ipswich Borough Council				70,143		70,143
	Mrs L D Rope Third Charitable		Trust		10,000	2,400	12,400
	Garfield Weston Foundation
	Suffolk Community Foundation					1,890	1,890
	WEEE Fund				19,174		19,174
	Job Retention Scheme				39,284		39,284
	Other grants and donations
					138,601	4,290	142,891
					Unrestdicted	Restdicted	Total Funds
					Funds	Funds	2020
					F		E
	Grants
	Ipswich Borough Council				8,000		8,000
	Mrs L D Rope Third Charitable		Trust			12,104	12,104
	Garfield Weston Foundation					25,000	25,000
	Suffolk Community Foundation					1,128	1,128
	WEEE Fund					22,260	22,260
	Job Retention Scheme
	Other grants and donations				780		780
					8,780	60,492	69,272
6.	Charitable activities
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2021 f	Funds f	2020 6
	Income from purchased	goods		378,690	378,690	124,353	124,353
	Income from other services			50,498	50,498	34,231	34,231
	Removals, collections and delivenes			32,507	32,507	7,935	7,935
	Other income			466	466	8,381	8,381
				462,161	462,161	174,900	174,900
7.	Other trading activities
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2021	Funds	2020
				F	6	6	6
	Income from donated goods			107,857	107,857	208,828	208,828

8.	Investment income
				Unrestricted	Total Funds	Unrestncted	Total Funds
				Funds	2021	Funds	2020
				6	6	F
	Bank interest received			25	25	54	54
9.	Expenditure on charitable		activities
					Unrestricted	Restricted	vrotal Funds
					Funds	Funds	2021
					6	6	5
	Electncal appliances	for resale			186,704		186,704
	Furniture for resale				37,208		37,208
	WEEE purchases
	Project materials				26,072		26,072
	Admin, storage and delivery				502		502
	Rent, rates and service charge				29,296		29,296
	Staff costs				141,523		141,523
	Motor expenses				17,974		17,974
	Repairs and renewals				12,218		12,218
	Tool and equipment				13,749		13,749
	Volunteer expenses				15,295		15,295
	ITservices and consultancy				14,348		14,348
	Cleaning and waste disposal				665		665
	Depreciation				1,375	5,500	6,875
	Support costs				41,852		41,852
					538,781	5,500	544,281
					Unrestricted	Restricted	Total Funds
					Funds f	Funds 6	2020 F
	Electrical appliances	for resale			49,503	1,000	50,503
	Furniture for resale				26,742		26,742
	WEEE purchases				28,277		28,277
	Project materials				5,442		5,442
	Admin, storage and delivery				1,293		1,293
	Rent, rates and service charge				5,076	25,000	30,076
	Staff costs				133,809	10,000	143,809
	Motor expenses				26,966	260	27,226
	Repairs and renewals				5,404	1,128	6,532
	Tool and equipment				9,835		9,835
	Volunteer expenses				26,109		26,109
	ITservices and consultancy				17,794		17,794
	Cleaning and waste disposal
	Depreciation				1,375	5,500	6,875
	Support costs				51,526	1,104	52,630
					389,151	43,992	433,143

10.	Analysis ofs	u	pport c	osts
								2021f	2020
	Waste disposal		and cleaning					6,106	10,172
	Insurance fees							9,295	7,440
	Office costs							8,029	7,796
	Telephone							6,127	7,663
	Bank charges							858	1,336
	Training							1,178	946
	Travel							(891)	4,704
	Heat and light							7,827	8,612
	Miscellaneous		costs					1,548	2,411
	Independent	examiner fee						1,725	1,550
								41,802	52,630
11.	Net income
	Net income is stated after charging/(crediting):
								2021 5	2020 f
	Depreciation	oftangible		fixed assets				6,875	6,875
12.	Staffcosts
	The total staff costs and employee				benefits for the	reporting	period are analysed	as follows:
								2021 f	2020 6
	Wages and salaries						131,857		132,838
	Social security		costs					4,327	5,442
	Employer contributions			to pension	plans			5,339	5,529
							141,523		143,809

14.	Tangible fixed asset	s
				Motor
				vehicles
				E
	Cost
	At 1 April 2020 and 31 March 2021			27,500
	Depreciation
	At 1 Apnl 2020			7,104
	Charge for the year			6,875
	At 31 March 2021			13,979
	Carrying amount
	At 31 INarch 2021			13,521
	At 31 March 2020			20,396
15.	Debtors
			2021	2020
			E	E
	Trade debtors		138,039	13,814
	Prepayments		6,861	6,806
	Other debtors		2,781	8,006
			147,681	28,626
16.	Creditors: Amounts	falling due within one year
			2021	2020
			E	E
	Trade creditors		3,459	23,627
	Accruals and deferred	income	1,725	1,675
	Social security and other taxes		25,202	2,183
	Other creditors		2,790	1,810
			33,176	29,295

Analysis of	charitable	charitable	charitable	funds
					At 1 April				At 31 March
					2020	Income 8	Expenditure f	Transfers	2021 E
Unrestricted	funds
General fund					24,620	708,644	(538,781)		194,483
Restricted funda
WEEE Purchase		Van
fund					16,500		(5,500)		11,000
Lease Settement					12,000				12,000
New Shop fund						4,290			4,290
					53,120	712,934	(544,281)		221,773
					At 1 April				At 31 March
					2019	Income	Expenditure	Transfers	2020
					6	8	E		E
Unrestricted	funds
General fund					21,209	392,562	(389,151)		24,620
Restricted funds
WEEE Purchase		Van
fund						22,260	(5,760)		16,500
Lease Settement					12,000				12,000
Rent fund						25,000	(25,000)
Electical equipment			fund			1,000	(1,000)
Staff support	and	training				11,104	(11,104)
Repair grant						1,128	(1,128)
					33,209	453,054	(433,143)		53,120

19.	Analysis of net asse	Analysis of net asse	ts between funds
	As at 31 March 2021
				Unrestricted	Restncted	Total Funds
				Funds	Funds	2021
					6
	Tangible fixed assets			2,521	11,000	13,521
	Current assets			191,962	16,290	208,252
	Net Assets			194,483	27,290	221,773
	As at 31 March 2020
				Unrestricted	Restricted	Total Funds
				Fundsf	Funds 8	2020 6
	Tangible fixed assets			3,896	16,500	20,396
	Current assets			20,724	12,000	32,724
	Net Assets			24,620	28,500	53,120
20.	Analysis ofchanges		in net debt
						At
				At 1 Apr 2020	Cash flows f	31 Mar 2021 5
	Cash at bank and	in	hand	20,342	54,885	75,227
21.	Related parties

onated/Collected It	ems Data
				From Ipswich	From Areas	Other	Total
No of unique donors				2356		336	2692
No of items				15694		2577	18271
Weight of items				19,9494.10KG	44,274.10 KG		243,768.20 KG
No ofitems reused				1591		2320	3911
Weight of items reused				42,236 KG	34,928.10 KG		82,672.10KG
No ofitems sold to Ipswich residents from within I swich			collected	877
Weight of items sold collected from within	to Ipswich I swich	residents		22,170.30 KG
No of household items				2249		2298	4547
Weight ofhousehold	items			47,744 00 KG	34,928 10KG		82,672 10KG
No ofelectrical items				13445		279	13724
Weight ofelectncal items				151,750.10KG	9,346 KG		161,096.10KG

	Envir	onmental and	Financial imp	Financial imp	acts of re-use	calculator —Supplied by Re-	calculator —Supplied by Re-	Use Netw	ork
	Methodology	for quantifying	environmental		and Economic	impacts of re-use from WRAP		research	2010-2011
		htt://w'ww.	wra	.or .uk/sites/files/wra		/Final%20Reuse%20Method.		df
			IFP Im acts 2020-2021Post Code IP1 - IP4
ICTand TVs		5221		0.045	234.94		1409.67	100	522,100
White	Goods	7942		006	476.52	0.8	381.216	150	1,191,300
Furniture
Household		1774		0.03	53.22	1	53.22	80	141,920
Office	Furniture	13		0.026	0.338	04	0.1352	41	533
Total		14,950			765		1,844		1,855,853
					tonnes		tonnes		Fsaved by
		Items			saved		saved		households
			IFP Im acts 2020-2021			Other Post Codes
ICTand TVs		16		0.045	0.72	6	4.32	100	1,600
White	Goods	770		006	46.2	0.8	36.96	150	115,500
Furniture
Household		1,871		003	56.13	1	56.13	80	149,680
Office	Furniture	34		0.026	0.884	04	0.3536	41	1,394
Total		2,691			104		98		268,174
					tonnes		tonnes		Fsaved by
		items			saved		saved		households
				IFP Im	acts 2020-2021 All Post Codes
ICT and TVs		5,237		0.045	235.66	6	1413.99	100	523,700
White	Goods	8,180		0.06	490.8	0.8	392.64	150	1,227,000
Furniture
Household		2,642		0.03	79.26	1	79.26	80	211,360
Office	Furniture	87		0.026	2.262	0.4	0.9048	41	3,567
Total		16,146			808		1,887		1,965,627
					tonnes		tonnes		Esaved by
		items			saved		saved		households

A1	Total WEEE and furniture items donated within Ipswich	15748items	201.36 tonnes	All collected or donated furniture and electrical items from Ipswich (A2+A3),
A2	Total WEEE items donated within Ipswich	13091items	153.26 tonnes	All collected or donated electdical items from Ipswich.
A3 ]9b]	Total furniture items donated within Ipswich	2657 items	48.09 tonnes	All collected or non-electrical items from Ipswich.
A4 (3]	Total collection bookings made within Ipswich	3070drops booked		The total number ofdrops booked within Ipswich (the date the drops were actually booked rather than fulfilled).
A5	Total collection drops	2981 drops		The total number ofcollection trips made to
(4]	(collections) within Ipswich	fulfilled		Ipswich households.
A6	Total unique collection/dropped off households within Ipswich	2348 households		Count of unique addresses which items were collected from in Ipswich. Includes dropped offitems without booked drops.
A7	Total items dropped off	463 items		Number ofitems without drops that the donor dropped off.
A8 (5]	Bulky WEEE items from households for recycling within Ipswich	12753 items	141.06 tonnes	All electrical items collected within lpswich which have, or have had the status of Scrap Collection IBC(subset ofA1)
A9 (6]	Bulky WEEE items donated from households for reuse within Ipswich	338 items	12.21 tonnes	All electrical items collected within Ipswich which have never had the status ofScrap Collection IBC(subset ofA1)

Items	sold/reused between	01 April 202	0 and 31 M	arch 2021
B1 (1i(2)	Total reused items sold within Ipswich	1788items	46.19 tonnes	8109,931.66 total full price	687,94798 total paid	f21,983.68total discounts
B2 [9a]	Total furniture items sold (reused) within Ipswich	1435 it m	tonnes	687,379.83total full price	668,927.64 total paid	f18,452.19total discounts
B3	Total WEEE items sold (reused) within Ipswich	353items	855 tonnes	822,551.83 total full price	619,02034 total paid	83,531.49 total discounts
Items	recycled between 01	April 2020 and 31 March		2021
C1	Comparative WEEE	12753	141.06	Value of items	recycled = f9,168.71
[1]	items recycled	items	tonnes	(based on 565.00 per tonne)