2022-03-31-accounts - Ipswich Furniture Project

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Trustees enauet repad		linoerdcrahng		tno	dircctn	s' rcport)
ndependent examiners		repcrl	lc the:rusteee
atalerrent offinnnenl	ectlvdles		(including		indene	ehd exaer Churn Saoodnl,	'
Balance shee:
stator ont of cash floes
uctes ro the 4nanclat		tate ments

				2022		2021
			(atm xtrtclod	aexirtcted
			furds	funda	Total funds	Total funds
		rtate	8	E		5
Incmns encl endo	mar&8
Dona6ons and legadeu		6	30286		30.255	142,891
charitable acbvibex		6	503,883		603,883	462 151
Other trading activities		7	150,497		160,497	107,857
lnvexrrnant income		8	15		18	25
Total inccute			784,684			712034
expenditure
Cnerttable adivuies		9	718,127	21,790	739,9\ 7	544 281
Total expenditure			71&,127	21,790	739,el 7	944 281
Net income before	transfer offunds		58,537	(21,790)	44,747	(58883
Transfers between funds			(6,500)	6,K0
rtet mcvsm enl ln funds			eo.o37	(15,290)	44,747	158,553
Reconcfgatlon offunds
Total fundt brought	fonnsrd		t94.483	27,290	221,773	63,120
Total funds carried	forward		254.620	12P00	266,520	221,773

31March	202	2
					Note	2922 5		f	2021
Fixed assets
Tangis efixed assets					14		6,646			13521
Current assets
6tock						22 988		15,520
Iiectors					15	21 r088		147,681
Ce hat bank	and	in	hand			288 115		75,227
						310091		241,426
Credttote; Amounts			falling due within
one year					16	(53,217l		(33,176i
Net r.urrent	nssele						2II Br4			208 252
Total assets	lass	currant		liabilities			2c6,520			221 773
Net assets							266 520			221 v13
Funda of the ahadty
Restricted ronde							12,00D			27.290
Vnrewdicted	funds						254,520			s94i483
Total charity	funda				18		266,520			221.773

						2021
						5
Cosh flows from operating			atdivities
Ner income					44,747	168,655
Arforirnaois for
Gspreoiahon oftenggdo		fixed	assets		5,575	6,875
Other Inlereat reotivahle		and	sirngsr rncome		(16)	(25)
A otiose expenses					'I05	50
CAanpar fn-
5!oeke					(4,466)	(5469)
Trade end other	dshtors				125.892	(119055)
Trade end other	credrtom				19.935	3.831
Cash generated	from operations				192.870	54,860
Iniorcei received					18	25
Net cash from operating		adivities			'l92.888	54,885
Nsl increase in	cash and cash equivalents				1922tgg	54,885
Cash and cash	equivalents		at nag inning	Ofrear	78+27	20,342
Cash and cash	equlvalenhr		st end ofrem		268.115	75,227

						Unrestncted	Restnclad	Total Flitlde
						Funds	Funds	2022
							F	r
	Don shows
	Other grants	sna donations
	Grams
	Ipswbh Borough Cauncs					18,000		18,000
	Mis t DRoge Third Charnsbls			Trust		I0,000		10,00D
	Suffolk Communllk Foundation
	WEEE Fund
	Job Rataniion	Scheme				1,813		1,813
						30,288		KI,296
						Unmstncbsd	Reelected	Total Funds
						Funds	Funds	2021
								6
	Donations
	Other crania	snd don auons
	Gmrda
	Ipswich Borough Cavnul					70,143		70,143
	Mrs u DRape Third Charitable Suffolk Cammunihr Founds9on			Trust		10,000	2.400 f2190	12,400 1,090
	WEEE Fund					19,174		19,174
	Job Retenson	Scheme				39,284		39.284
						139,801	4.290	142,891
L	Chsdtablv aativides
					Ulnlvs'tllolod	Tone Fiiilds	Un re steered	Toter Fonna
					Funds	2022 f	Funds	2021 5
	Income fram	purchased	goads		613,D28	615,028	978890	378,090
	Income from	other services			25,039	25,039	50,498	50,499
	Removsle. ootbmian s and deliveries				66,797	66,707	52,607	52,607
	Other income						485	485
					805,885	805,865	462.151	462,161
7.	Other trading	actlviaae
					Jnrostricted	Total Funds	Unrestncted	TotalFunda
					Funds f	2022 8	Funds f	2021 f
	Income from	donated goads			150,497	150,407	107.857	107,857

Investment income
			Unreatiioied	Tatal Funds	I nresirlcted		Total Funds
			Funds	2022	Fueris		7 I71
					6
ISank interes eceivad			15	18		25
Expenditure un chmilshle		activities
				urreslrlctsd	ReaVlcted		Total Funds
				Funds	Frmds		2022
							6
Eloctncsl applie1ces for resale				272.161			272,1d1
Furniture lor resai'e				66,253			66,353
vyEE= pumhosee					17,600		17,500
Proiacl mal ri Is				29,262			23,262
Admir, aicmd rnd delivery
Rent rates and sennce charge							32,55
Sisff coats				179536			179,536
pictor expen ee				23,8T5			23,576
Repairs ehd rene'A'els				255	4,	90	4,5xd
ool and eqdpmenl				23,608			23,608
krotuoteer expenses				22 570			22.570
ITsecaces and consultancy				15,406			15,406
Mediating				16			16
IDsp ress lion Suppod coals				6,676 45,655			6,676 45,555
				711$, 'I 2T	2,790		739,91T
				V1icstre'.cd	Rcstnclod		olslFunds
				Fuddle	Furids		2D21
Elcclr eel appliances Furni;urc for rcsalc	fo resale			180,704 37,206			t06,704 3,2DS
WEEEpurchases
Protect rnatena s				2S072			26,072
Trdmm storage ond delivery Rent, raise end service charge				502 29,296			502 29,296
Staff costa				141,523			141,523
Motor expenses Repeira end renewela				17,974 12,216			1 T,S74 12,218
Tool and equipment				13,749			13,749
uoluiimer expeh es ITservices snd corsultvncT				5295 '4 348			15,295 14,348
Islerketing				665			665
EI precinllnrl				,375	5,500		6,675
Supportcose				4 .552			41,852
				538,781	5500		544,281

								2022	2021
									f
	Waste dispcsal			snd deaung				6,206	6.106
	Insurmtce fees							7,583	9.296
	ONce oasis							4,338	6.029
	7alephone							6,669	6.127
	Bank charges							1,964	656
	Tra icbtg							900	1,179
	Travel							2,352	(891)
	htnat and lignt							12,275	7,627
	Miscellaneous			txctts				1,464	1.548
	Indapendsr	tsxarrinsr			fee			.,630	1,776
								45.655	41.652
	rdst income
	Net inocme	is stated alter charging/(crediting).
								2022	2021
								p
	Oepreoisltoo		ofla)able		fixed assets			6,675	6,875
12.	Staff ooats
	Tha total maa		coals arul smpioyss			bsnsfla for the reporting		period are mwiyssd ccfollows
								2(I22	2021
								6
	Wages and cabbies Social sscrasy costs							165,223 n,tfr	131,857
	Employer conlribuiions				Iopension	plsrc		9,136	6,939
								179.536	141,523
	Ths average		hssd count ofemployees				during me year wss	11(2D21t 10l.

14.	Tangible frxcd nssots
				Motor
				vehicles
	Cost
	At 1 APril 2021 aed 31 March 2622			27,580
	Depreciation At 1 APril zgzt			13,676
	Charge for tha year			6,876
	At $1 March 2022			20,064
	Carrying arnounc
	At 31 Nlarch 2022			6,646
	At 31 Ivlaro? 2021			1?
16.	Oebtors
			2D22	2021
			6	2
	Trade den:ore		14,908	138039
	Prepaymenls		6,%KI	ri nli1
	Other deblora			2 781
			21,988	147681
16.	croditcnn Amonnt6	faglnq dun yrlthln ons year
			2D22	202
	I race ciodnorn		I7,?73	3469
	Ar,croalx and deterred	inooiiin	1,830	1 726
	Social aecuri y snd ot?er taxes elhi.r nrr ditor?		31,904 1.710	23,282 8 780
			5'.21 7	33,176

ended 3	1 March 2022	1 March 2022
Analysis of	charitable funda
			A11 Apn				At 31 March
			202 I k	Income	Expenditure 8	Transfers f	2022
Unrestricted	funda
Gmeral fund			154,453	784,554	1718,127)	(6,500)	254,520
Reetriated funds
Wi EEPwciteae		Vah
fu arl			11,000		(17,500)	6,500
Lease Bergen«mt			12,000				12,000
New Shou fetd			4.280		(4,290)
			221,775	784,Bra	1759,917)		258,520
			At 1 April				AI 31 lrhrch
			2020	income	Expenditure	Transfers	2021
				8	5	8	8
Unmstrtated	funds
General fund			24,520	TOB,544	f558,751)
Reelriated funds
WEEE Purchase		Van
fund			18,500		(5,505)		11,000
Lease Selt le	mars		12,000				12.000
luew Shopfund				4.290			4,290
			55,120	712.554	(544251)		221,775

	Analysis	of net asse	of net asse	ta between funds
	As at 31	Iutorch 2022
					I,lnrextnrted	Resin	cled	Torsi	Fund»
					lurds f.	Furcaf				ZG22 r
	lstglbt	fix dosoolc			6,646					6,646
	Current	u»sul»			247,674	12	000	259,574
	Net Assets				251,520	t2.000		266,520
	Ae et 31	luleroh 2021
					Unr e»touted	Ttu»tll	ti:d	Tuwi	I	u id»
					Furds	I-urus				2021
					5		f.			5
	Tangible Current.	fixed ossei= e sets			2,521 191,967	11 'IO	000 290	3,521 xnnun 3
	Net Aaseta				184,463	27	290	22', 773
20.	Analysis	ofchanges		in nst debt
								At
					Al 1 Apr 2021	Cash flows		31 Mar		2022
					2
	Cexh et	»xr k end	in	nend	76 22»	'I92,833		268,115
21.	Related	parties

				From I paw hh	From Other areas	Total
No of unlqve donors					616
No ofilems				11367	2895	14062
Wee hl ofitems				178,855 1D KG	68.535.20 KG	237,19D.3DKG
No ofherr+ reused				26le	I 2193	, 4606
VVeightofit ma lethe&I				69 10130 KG	I 3980420 KG	106c066 KG
NO Of itema Sold IO IPSWich		isarsen ta Coeeclsd		'I777
hhmwlrnlnl wlctf
hSreight O'lit&Ms loki co lectsd from rdthln	ts lrhvrrcn ipswlcli		res:nares	46 322.70 KG
No of household items				34o2	2397	6769
Weigril cfhousshorc	rlsina			61,620.40 KG	47.546.90 KG	i26867.3 KG
No ofelectrical loans				7866	296
Wcrg hl ofol clnccl ilerrs				97664.70 KG	10,96830 KG	08323(G

Campart	y Limited by	y Limited by	Guarahtse	Guarahtse
Annex	2 - Notes to the		ffrtnnoial		statem Bnts rveeanuno
Year ended 32 March 2t}22
			IFP Im		2021-2022 Post Code IP1- IP4
ICTand TV»		2,91I	Q.rsur		130.998	6	fee sf	100	2et, 100
While Goods		5,185	0.06		311.1	D.S	24B.M	150	777,750
Furn nore Househokl		2,953	0.03		88.69	1	BL59	60	235,240
OBI o Furnsure		30	0 026		0,78	04	0 312	41	1,230
Tats I		I 1,078			3«		1.124		21 9'IO 32D
					tormen		tonnes		saved BV
					saved		saved		households
			IFP Irn	nota 2021-2i}22		Post Codes	other
ICTsnd TVn		2,326	IL045		10467	8	628.02	100	232,600
Wheet~s		829	0.08		1974	ri n	1879	f60	49,380
Furnnurc Household		I 023	0,03		rI6 75	1	48 76	90	130,00C
Onlce Furniture		37	0,028		0962	0.4	0.3648	43	1,h1 I
Total		4,317			174				6413,487
					tnnnes				saved by
					save}I				households
			IFP In}		2021-2022 Poet Codes all
ICTand T}is			0,045		235.865	6	1413.99	100	523,700
Whse Grmds		5,514	D.DB		33084	08	264.872	150	827.10D
Furniture Househokl		4.578	0 03		13734	1	f37.34	60	368,24D
rhrioe Furniture			0 026		1 742	0 4	04}968	41	2,747
Trr sl		16,396			70n		t217		61,719.787
					Iuil ilt.\|	lennon		snvcrl hy
					saved		snv cd		hvusmiuldv

Ai	Total WEEE end furnkure gems dorwikd widiin Ipswich	Total WEEE end furnkure gems dorwikd widiin Ipswich	8974 items	103.08 tormen	Ag collected or donated furniture end elacireal liknw from Ipwmch (A2+Agi
A2	Total WEEE iteire donated wnhin ipswich		7030 IrnllMI	7493 tonnas	Ag collecmd or donated slsdrlcal items froni Ipnwich
A3	TOISI fVrniWre ileme dcnnted			34 1C	All ouiincrnd ar non-nlsciriosi irsinv fram
[9b]	within lpcukch		1944iinrm	Ionnes	Ipswidl
A4 Pl	Toter collection bookings made within Ipvwich		1463drops booked		The total number ofdrops booked wkhin Ipswkh Ilhe dale ths drops were actually booked rslbm than fulggsd).
A5	Tobrt cogsction drops		1545drops		The total number ofcogsction trips made to
(4)	Icolleminns) wlmin Ipnwlch		fvlaled		Ipuwkh households.
	Tohl nriique ccgectionfdroppod clf horwsholds wilhin Ipswich		'I165 households		Cuunt Ci unique Svldres cue which itemc were cugeded frcm in Ipcukch Includes dropped on ihvnv wnhcui booked drops.
A7	Tauri ilernn dropped olf		497 gems		Ivumber clkame wkhoul dmps ihst the donor drappnd clf
	Buky WEEE Items from				Ali rdcctricai items collected within Ipswlch
	houvehokis for recycgng within			7018	which have or hove hnd ibc vrurun of
	Ipswich		6865 items	tonnes	Scrap Colhrcbon IBC(subset of A1)
Ag	Buky WEEE kerns donated households for reuse wilnin	fram		4 75	Al I electr'mel items collected within Ipswich which have never hed the sintus uf Sasp
	Ipewich		165items	tenses	Colhrrdion IBC(Subksl of Ai )

B1 (i)(2)	Total SOkl	re uk ad hams wkhrn IpcwiCn	re uk ad hams wkhrn IpcwiCn	1501Iteins	37.39	287,58529total fug pnce	268,523.31 total paid	518.061.98 torsi disi ounls
82 (gal	Total furniture SOld (reuced) Ipswlcb		items vnthim	1380items	33.27 Icnnes	774,302.33 lotal rug prloo	258,976H7 total paid	217,325.88 lotal da ceo ills
	Total sold Ipswi	WEEE (reuned) oh	deme unthin	141 items	4.12 tcnnas	813,282,nd ioisl full pnce	811,848.nw total pmd	81.736 12foist dhoovnts