Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
COMPANY REGISTRATION NUMBER: 05170995
CHARITY REGISTRATION NUMBER: 1151719
Ipswich Furniture Project
Company Limited by Guarantee
Unaudited independently examined accounts
31 March 2025

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Independently examined accounts
Year ended 31 March 2025
Page
Trustees. annual report (incorporating the directors. report)
Independent examinerfs rewrt lo the trustees
Statement of financial activities (including income and expenditure account)
Balance sheet
Statement of cash flows
Notes to the independently examined accounts
10

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Trustees. annual report (incorporating the directors. report)
Year ended 31 March 2025
The trustees, who are also the directors for the purposes of company law, present their report and the
unaudited independently examined accounts of the tharity for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in notes to
the accounts and comply with the charivs goveming document, the Charits'es Act 2011 and Companies Act
2006 and Accounting and Reporting by Charities= Slatement of Recommended Practice applicable lo
charilies preparing their accounts in accordance with the Financial Reporting Standard appIl￿ble in the UK
and Republic of Ireland published in October 2019.
Reference and administrative details
Registered charity name
Ipswich Fumiture Project
Charity registration number
1151719
Company registration number
05170995
Principal office and registered Hogarth Road
office
Ipswich
Suffolk
IP3 OEY
The trustees
The trustees who served during the year and at the date of approval were as follows=
M Allison (Chairl
M Brunning
N Burfield
E Harsant
P Henry
F Loader
M Whitworth
M Regnault (Resigned 1011012024)
Patron
The Rt Hon J Gummer, Lord Deben
Company Secretary
R Whitehead
Independent examiner
A Robinson FCA
Lovewell Blake LLP
Chartered accountants
Firsl Flwr Suite
2 Hillside Business Park
Bury St Edmunds
IP32 7EA
Bankers
Barclays Bank PIC
Ipswich
IP1 1PB

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Trustees. annual report (incorporating the directors. report) (continue(Q
Year ended 31 March 2025
Objectives and activities
The charity's objective is the relief of poverty by the supplying of items of fumilure and other household
items for the benefit of persons who are in need within the notional area of East Anglia and who have been
nominated by an approved referring agent or anyone who self refers by providing proof Ihat they are in
receipt of an acceptable benefit. as defined by the Trustees.
In shaping our objectives for the future and planning our actiwties. the trustees have considered the Charity
Commission's guidance on public benefit. The Irustees give careful consideration to the accessibility of its
setvices for those on low incomes.
Public benefit
In shaping our objectives for the year and planning our acts'vitr'es. the trustees have considered the Charity
Commission's guidance on public benefrt when setting the objectives for the year.
The trustees confimi that they have complied with the duty in section 4 of the Charilies Act 2011.
Achievements and perforniance
The achievernents and performance are described further in annex 1 of these financial statetnents.

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Trustees. annual report (incorporating the directors. report) (continue(Q
Year ended 31 March 2025
Financial review
The statement of financial activities reflects operational activity for the year. The economic climate has
continued to increase the demand for the Project's services but without an increase in grant funding or an
increase in income from the provision of both donated and bought in goods. However the cost of providing
these services continues to rise resulting in a deficit for the year of £1.419 12024.. £21,670}. As such,
reserves carried forward amounted lo £215,656 {2024: £217.075).
Principal funding sources
The principal funding source for the charity is the income derived from the provision of low cost furniture
and electrical goods. The charity also gratefully acknowledges the grdnts received during the year from the
following organisations.. Mrs L D Rope Charitable Trust. Ipswich Borough Council and Garfield Weston
Foundation.
Reserves policy
The trustees, policy is to maintain adequate reseNes for the following purposes and was updated in the
year=
To enable the Project to fulfill statutory and legal obligations to employees and others.,
To provide a contingency fund to meet unforeseen falls in income or increases in expendilure-
To allow for Ihe orderly wind up of the charity if required.
In the charitys circumstances the trustees believe it would be prudent to maintain reseNes which are the
equivalent of no less than three month's unrestricted expenditure which would equate to £155,55212024..
£142,804). At 31 March 2025 the charity had general un-designaled free reseNes of £96,156 12024..
£102,075). The trustees will seek tr) monitor the shortfall in reserves over the next year. The designated
funds are reviewed annually in line with the reserves policy of the charity.
Plans forfuture periods
The Project will continue to maintain and develop its community serwces in 202&2026 and to explore new
inilialives in partnership with local stakeholders and can be further reviewed in annex 1 to these financial
statements.

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Trustees. annual report (incorporating the directors. report) (continue(Q
Year ended 31 March 2025
Structure. governance and management
Ipswich Furniture Project also known as the Project or IFP wilh any of these terms used throughout these
accounts. is a registered charity and a company limited by guarantee. The charitable company was
incorporated on 5 July 2004 (number 051709951 and became a registered charity number Inumber
11517191 on 22 April 2015. The company was established under a Memorandum ofAssociation. which sets
out its objecls and powers and is govemed under its Articles of Associalion. In the event of the company
being wound up members are required to contribute an amount not exceeding £10.
In 2014 the charitable company took over the activities of the previous unincorporated charity, registered
number 801287, which had been operational as a regisiered charity since 1989.
The Project is here to assist people of any age, whose needs may vary from a single item, to a complete
house fvll of fvmilure. In common with most other fumiture and appliance re-use charities, Ipswich Furniture
Project was fomed with the express desire to alleviate povety and provide a social need to those
disadvantaged and socially excluded, by providing decent quality fumiture and white goods to any persons
on a low income who lives in the Borough of Ipswich or surrounding area who could not, for whatever
reasons. afford to purchase items to fumish their homes from conventional retailers.
The New Fumiture Initiative is available to social landlords and other agencies providing housing support.
We supply new fumiture, ctx)kers etc., so the landlord can provide fumished accommodation to those in
need in East Anglia.
Recruitment and appointment to the board of trustees
The directors of the company are also charity twstees for the purposes of charity law. Under the
requirements of the Memorandum and Articles of Association, the trustees are elected al the Annual
General Meeting. One third of the trustee5 retire in rotation but are eligible for re-election.
The current trustees are shown on the reference and administrative details these financial st81emenls.
Further Iruslees may be appointed at any time, al the discrelion of the trustees in accordance with the
charity s recruitment policy.
Trustee induction and training
The majority of the current trustees are very familiar with the worf( of the charity, having seNed on the
Board for some time.
New trustees are invited to attend a meeting with the Chaiman and the Chief Executive to familiarise
themselves with the charity and the context within which it operates. The meeting would cover..
The obligations of being a trustee
An overview of the services which the Project provides
The main documents which set out the operational framework for the charity including the constitution
The financial position as set out in the latest published accounts
Future plans and objectives

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Trustees. annual report (incorporating the directors. report) (continue(Q
Year ended 31 March 2025
Structure. governance and management (continued)
Organisational structure
The Projed is govemed by the trustees. who aim to meel at least six times a year, and are responsible for
the strategic direction and policy of the charity- The Project employs a Chief Executive who is responsible
for the day to day provision of sem￿S, ensuring that project objectives are met and managing the team of
support W0￿(erS administrative staff and volunleers.
Risk management
The trustees have reviewed the financial and operating risks pertaining to the tharity and identified key
risks lo the charity- Policies and procedures are in place to mitigate the risks identified. The Board reviews
and reappraises risk on an on-going basis.
Independent examiner reappointment
A resolution to appoint A Robinson FCA of Lovewell Blake LLP as independent examiner will be proposed
at the next ￿￿ting.
Small company provisions
Thi5 report has been prepared taking advantage of the srnall companies, exemption of section 415A of the
Companies Act 2006.
The trustees, annual report was approved on
trustees by..
6110/£025
and signed on behalf of Ihe board of
1 5(>1
Mr M Allis
Chair

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Independent examiner's report to the trustees of Ipswich Furniture Project
Year ended 31 March 2025
I report to the charity trustees on my examination of the independently examined accounts of the company
for the year ended 31 March 2025 which comprise the statement of financial activities (including income
and expenditure account). balance sheet, statement of cash flows and the related notes.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are
responsible for the preparation of the independenlly examined accounts in accordance with the
requirements of the Companies Act 2006 Ilhe 2006 Act'l-
Having satisfied myself that the independently examined accounts of the company are not required to be
audited under Part 16 of the 2006 Ad and are eligible for independent examination, I report in respect of my
examination of your companvs independently examined accounts as carried out under section 145 of the
Charities Act 2011 {'Ihe 2011 Act.). In carrying out my examination I have followed the Directions given by
the Charity Commission under section 14515llbl of the 2011 Acl.
Independent exarninerfs staternent
Since the charity's gross incorne exceeded £250,000 your examiner must be a mernber of a body listed in
section 145 of the 2011 Act. I confim that l am qualified lo undertake the examination because l am a
member of the Institute of Chartered Account2nts in England 2nd Wales {ICAEWI, which is one of the listed
bodies.
I have completed my examination. I confirm that no matters have come lo my attention in connection with
the examination giving me cause to believe that in any material respect=
accounting records were not kept in respect of the ￿rnpanY as required by section 386 of the
2006 Act., or
the independently examined accounts do nol accord with those records,. or
the independenuy examined accounts do not comply with the accounting requirements of
section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fai
view which is not a matter Considered as part of an independent examination,. or
the independently examined accounts have not been prepared in accordance with Ihe methods
and principles of the Statement of Recommended Practice for accounting and reporting by
charities applicable to charities preparing their a￿)Unts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021.
I have no concems and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understsnding of the accounts lo be
reached.
A Roblnson FCA
Independent Examiner
Lovewell Blake LLP
Chartered accountants
First Floor Suite
2 Hillside Business Park
Bury St Edmunds
IP32 7EA
611012025

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Statement of financial activities
(including income and expenditure account)
Year ended 31 March 2025
2025
Restricted
funds Total funds
2024
Unrestricted
funds
Total funds
Note
Income and endowments
Donations and legacies
Charitable activities
Other trading activities
Investment income
99.676
372.566
130.673
2.377
16.500
116.176
372,566
130.673
2,377
55.719
350,988
140.312
2,528
Total income
605.292
16.500
621.792
549.547
Expenditure
Charitable acts'vilies
Other expenditure
642,258
{20.047)
622.211
1,000
643,258
(20.0471
623,211
571,217
Total expenditure
1.000
571.217
Net expenditure before transfer of funds
{16.919)
15.500
{1,4191
{21.6701
Transfers between funds
11.000
(11,0001
Net movement in funds
{5.919}
4.500
(1.4191
(21.6701
Reconciliation of funds
Totsl funds brought forward
Total funds carried forward
217.075
217,075
238,745
211.156
4.500
215,656
217,075
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 10 to 19 form part of these independently examined accounts.

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Balance sheet
31 March 2025
2025
2024
Note
Fixed assets
Tangible fixed assets
13
28.417
Current assets
Slocks
Debtors
Cash at bank and in hand
23.510
48.464
151.347
24,665
48,774
172.320
14
223.321
245.759
Creditors: Amounts falling due within
one year
15
{36.082}
{28.6841
Net current assets
187,239
217,075
Total assets less current liabilities
215.656
217,075
Net assets
215.656
217.075
Funds of the charity
Reslricled funds
Unrestricted funds
4.500
211,156
217,075
Total charity fvnds
17
215.656
217,075
For the year ending 31 March 2025 the charity was entitled to exemption from audil under section 477 of
the Companies Act 2006 relating to small companies.
Directors. responsibilities=
The members have not required the company to obtain an audit of its independently examined
accounts for the year in question in accordance section 476.
The directors acknowledge their resFX)nsibililies for complying with the requirements of the Act with
respect lo accounting records and the preparation of independenuy examined accounts.
These independently examined accounts have been prepared in ac{X)rdan￿ with the provisions applicable
lo companies subject to the small companies. regime.
Thespi y*ifpdently examined accounts were approved by Ihe board of trustees and aulhorised for issue
on
, and are signed on behalf of the board by:
Mf M Allisc
Chair
Company registration number.. 05170995
The notes on pages 10 to 19 form part of these independently examined accounts.

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Statement of cash flows
Year ended 31 March 2025
2025
2024
Cash flows from operating adivities
Net expenditure
11.4191
(21,6701
Adjustments for..
Depreciation of tangible fixed assets
Other interest receivable and similar income
Gains on disposal of tangible fixed assets
2,583
12,3771
(20.0471
12,5281
Changes in."
Stocks
Trade and other debtors
Trade and other creditors
1.155
310
7,398
14,3801
{11,6481
16,232
Cash generated from operations
112.3971
123,9941
Interest received
2.377
2,528
Net cash used in operating activities
110.0201
121,4661
Cash flows from investing aclivities
Purchase of tangible assets
Proceeds from sale of tangible assets
Net cash used in investing activities
131.0001
20,047
110.9531
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
120.9731
172,320
121,4661
193,786
151.347
172,320
The notes on pages 10 to 19 form part of these independently examined accounts.

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Notes to the independently examined accounts
Year ended 31 March 2025
General infonnation
The charity is a public benefit entity and a privale company limited by guarantee, regislered in
England and Wales and a registered charity in England and Wales. The address of the registered
office is Hogarth Road, Ipswich, Suffolk, IP3 OEY.
Statement of compliance
The charity constitutes a public benefit entity as defined by FRS 102. The independently examined
accounts have been prepared in accordan￿ with A¢￿UntIng and Reporting by Charilies= Statemenl
of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021,
the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Praclice.
Accounting policies
Basis of preparation
The financial statements have been prepared on the histori1￿1 cost basis.
The financial statements are prepared in sterting. which is the functional cU￿encY of the entity.
Going concern
The accounts have been prepared on the going concem basis and the Trustees believe that no
material uncertainties exist. The Trustees have considered the level of funds held and the expected
income and expenditure for the next 12 month5 from authorising these financial statements. The
budgeted income and expenditure is sufficient with the level of reserves for the Charity to be able lo
continue as a going concem.
Income tsx
As a registered charity. the actiwties are exempt from United Kingdom Income and Corporation
taxation, provided that the income is applied to charitable purFK>ses.
Fund accounting
Unreslricled funds are available for use at the discretion of the trustees lo further any of the charity's
purposes.
Designated funds where necessary. are unrestricted funds eamiarked by the trustees for particular
future projects or commitment5.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through
the terms of an appeal, and fall inlo one of two sub-classes.. restricted income funds or endowment
funds.
Income
l income is included in the statement of financial activities when entiuement has passed to the
charity, it is probable that the economic benefits associated with the transaction will flow to the charity
and the amount can be reliably measured. The following specific policies are applied lo particular
categories of income"
10-

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Notes to the independently examined accounts (continued)
Year ended 31 March 2025
Accounting policies (Continued)
Income (¢ontinued)
income from donations or grants is recognised when Ihere is ewdence of entitlement to the gift,
receipt is probable and ils amount can be measured reliably.
income from donated goods is measured al the fair value of the gocKls unless this is impractical lo
measure reliably, in which case the value is derived from the cost to the donor or the estimated resale
value. Donated facilities and services are r￿ognISed in the accounts when received if the value can
be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of seNices is recognised with the delivery of the contracted
service. This is classified as unrestricted funds unless there is a contractual reqLJiremenl for il to be
spent on a particular purpose and retumed if unspenl. in which case il may be regarded as restricted.
Fumilure and olher items donated for resale through the charity's are included as income wlhin
other trading activilies when they are sold.
Income from other trading activities is accounted for when eamed.
Investment income is recognised on a receivable basis.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of financial
activities to which it relates..
expenditure on charitable activities includes all costs incurred by a charity in undertaking aclivits'es
that further its charitable aims for the benefit of its beneficiaries. including those support costs and
costs relating to the governance of the charity apporb.oned to charitable activities.
- other expenditure includes all expenditure that is not part of its expenditure on charitable activities.
I cost5 are allocated to expenditure categories refiecting the use of the resource. Direct costs
attributable lo a single activity are allocated directly lo that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangiblg assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated
deprecialion and impaim)ent losses. Any tangible assets carried at revalued amounts are recorded at
the fair value al the dale of revaluation less any subsequent accumulated depreciation and
subsequent accumulated impaimient losses.
An increase in the carying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses. unless it reverses a charge for impairment that has previously been
recognised as expenditure within the slalemenl of financial aclivilies. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within other
recognised gains and losses on the statement of financial activities.
11

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Notes to the independently examined accounts (continued)
Year ended 31 March 2025
Accounting policies (Continued)
Depreciation
Depreciation is calculated so as to wrile off the cost or valuation of an asset, less its residual value,
over the useful economic life of that asset as follows..
Motor vehicles
20% reducing balance
Stocks
The fair value of donated stock has not been included in these acix)unts on the basis that is
impractical lo obtain a fair value due to the volume of low value items received and in the absence of
detailed stock control systems 2nd records.
Financial instruments
A financial asset or a financial liability is recognised onty when the entity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any
related transaction costs, unless the arrangement constitutes a financing transaction. where it is
recognised at the present value of the future payments discounted at a market rale of interest for a
similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration
expected lo be paid or received and not discounted.
Debt instruments are subsequently measured at amorbsed Ix)st.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the
related service is provided. Prepaid contributions are recognised as an asset to the extent that the
prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not eXp￿ted to be settled wholly within 12 months of the end of the reporting
date in which the employees render the related setvice, the liability is measured on a discounted
present value basis. The unwinding of the discount is recognised as an expense in the period in which
it arises.
Limited by guarantee
The company is limited by guarantee and does not have a share capital. Every rnember of the
company undertakes lo contribute lo the assels of the company if it is wound up during the time Ihal
he or she is a member. or within one year aflerw8rds, for payment of the debts and liabilities of the
company contracted before the time al which he or she ceases to be a member and of the costs,
charges and expenses of wnding up and for the adjustment of the rights of the contributors among
themselves such amount as may be required not ex￿edIng £10.
12-

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Notes to the independently examined accounts (continued)
Year ended 31 March 2025
Donations and legacies
Unrestricted
Funds
Reslricted Totsl Funds
Funds
2025
Donations
Other grants and donations
11.676
4,500
16,176
Grants
Ipswich Borough Council
Mrs L D Rope Third Charitable Tmst
Garfield Weston Foundation
Suffolk Community Foundation
8,000
60,000
20,000
8,000
72,000
20,000
12.000
99,676
16,500
116,176
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donations
Other grants and donations
6.203
6,203
Grants
Ipswich Borough Council
Mrs L D Rope Third ChaTitable Trust
Garfield Weston Foundation
Suffolk Community Foundation
6,000
40,000
6,000
40,000
3,516
3,516
55,719
55,719
Charitable activities
Unreslricled Total Funds Unrestricted Tolal Funds
Funds
2025
Funds
2024
Income from purchased goods
Income from olher services
Removals, collections and deliveries
357.273
8.905
6.388
357.273
8.905
6.388
320,513
22,914
7.561
320.513
22,914
7.561
372.566
372.566
350.988
350.988
13-

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Notes to the independently examined accounts (continued)
Year ended 31 March 2025
Expenditure on charitable activities
Unrestricted
Funds
Reslricted Totsl Funds
Funds
2025
Electrical appliances for resale
Fumilure for resale
Project materials
Rent, rates and service charge
staff costs
Motor expenses
Repairs and renewals
Tool and equipment
Volunteer expenses
IT services and consultancy
Marketing
Depreciation
Support costs
166,558
53,707
13,757
30,313
260,647
27,968
8,451
8,738
9,414
18,723
166,558
53,707
13,757
30,313
260,647
27,968
8,451
8,738
9,414
18,723
1,583
42,399
1.000
2,583
42,399
642,258
1.000
643,258
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Electrical appliances for resale
Fumilure for resale
Project materials
Rent, rates and service charge
Staff costs
Motor expenses
Repairs and renewals
Tool and equipment
Volunteer expenses
IT services and consultancy
Marketing
Depreciation
Support costs
127,722
52,764
12,048
30,031
242,855
26,823
2,865
6,460
10,750
18,972
39
127,722
52,764
12,048
30,031
242,855
26,823
2,865
6,460
10,750
18,972
39
39,888
39,888
571,217
571,217
14-

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Notes to the independently examined accounts (continued)
Year ended 31 March 2025
Analysis of support costs
2025
2024
Waste disposal and cleaning
Insurance fees
Office costs
Telephone
Bank charges
Training
Travel
Heal and light
Dues and subscriptions
Independent examiner fee
6,922
9,857
4,345
2,996
1.186
1.508
1,135
8,685
3,260
2,505
6,965
9,247
5,830
3,326
1,269
1,248
150
7,904
1,734
2,215
42.399
39,888
Other expenditure
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Gain on disposal of tangible fixed assets
{20,047)
{20,0471
10. Net expenditure
Net expenditure is staled after chargingl(creditingl'.
2025
2024
Depreciation of tangible fixed assets
Gains on disposal of tangible fixed a55ets
2.583
(20.0471
11. Staff costs
The total staff costs and employee benefits for the reports'ng periTrY are analysed as follows..
2025
2024
Wages and salaries
Social security costs
Employer contributions to pension plans
243,889
8,911
7.847
222,840
12,345
7,670
260.647
242,855
The average head count of employees during the year was 13 {2024= 131.
No employee rèceived employee benefits of more than £60.000 during the year {2024.. Nil).
15-

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Notes to the independently examined accounts (continued)
Year ended 31 March 2025
12. Trustee remuneration and expenses
The key management personnel of the charity comprise the trustees, relevant outsourced
management consultancy and the senior management team. The total amount of employee benefits
(including employer pension contribub.onsl and fees received by key management personnel for their
services lo the charity was £71,62612024: £68.081 }.
The Iruslees neither received nor waived any remuneration during the year {2024- £Nill no trustees
receive reimbursement of expenses in the year (2024.. £Nil) from the charity-
13. Tangible fixed assets
Motor
vehicles
Cosl
At 1 April 2024
Additions
Disposals
At 31 March 2025
27,500
31,000
122,000)
36,500
Depreciation
At 1 April 2024
Charge for the year
Disposals
27,500
2,583
122,0001
8,083
At 31 March 2025
Carrying amount
At 31 March 2025
28,417
At 31 March 2024
14. Debtors
2025
2024
Trade debtors
Prepayments
41.491
6.973
41,801
6,973
48,464
48,774
15. Creditors: Amounts falling due within one year
2025
2024
Trade creditors
Accruals and deferred income
Social security and other taxes
Other creditors
23,371
2,495
8.464
1,752
16,525
2,215
7,457
2,487
36,082
28,684
16-

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Notes to the independently examined accounts (continued)
Year ended 31 March 2025
16. Defined contribution plans
The amount recognised in income or exFtnditure as an expense in relation to defined contribution
plans was £7,847 {2024= £7,670).
17. Analysis of charitable funds
At 1 April
2024
At 31 March
2025
Income
Expenditure
Transfers
Restricted funds
Rope Trust Fund
Alfred Williams Charitable
Trust Fund
Ganzoni Charitable Trust
Fund
12.000
(1.0001
(11.0001
2.LK)O
2.000
2.500
2,500
16.500
(1.0001
(11.0001
4.500
Unrestricted funds
General funds
102.075
605.292
(622.2111
11.000
96,156
Designated funds
Rent DerK)Sit Fund
Redundancy and Winding
Up Fund
15.000
15.000
100,000
100.000
217.075
605.292
{622.2111
11.000
211.156
Al 1 April
2023
At 31 March
2024
Income
Expendilure
Transfers
Unrestricted funds
General fund
238.745
549,547
{571,2171
{115,CK)01
102,075
Designated funds
Rent deposit fund
Redundancy and winding
up fund
15,000
15.000
100,000
100,000
238.745
549.547
(571.2171
217.075
17-

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Notes to the independently examined accounts (continued)
Year ended 31 March 2025
Restricted fund purposes:
Rope Ttusl Fund.. The income received within this fund is restricted to Ihe purchase of a
replacement van.
Alfred Williams Charitable Trust Fund= The income received within this fund is restricted to the
purchase of a potential new Eco Van.
Ganzoni Charitable Trust Fund: The income received within this fund is restricted to the purchase
of a polential new Eco Van.
Designated fund purposes:
Rent deposit fund= A fund that has been reviewed as unrestricted but designated towards future
rental payments.
Redundancy and winding up fund= A fund that has been reviewed as unrestricted but designated
for the costs Ihal would be incurred should ihe charity need to pay redundancy and winding up
costs.
18. Analysis of net assets between funds
As at 31 March 2025
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Tangible fixed assets
Current assets
28.417
182,739
28,417
187,239
4,500
Net Assets
211.156
4.500
215,656
As at 31 March 2024
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Current assets
217,075
217,075
Net Assets
217.075
217,075
19. Analysis of changes in net debt
At
At 1 Apr 2024 Cash flows 31 Mar 2025
Cash at bank and in hand
172,320
120.9731
151,347
18-

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Notes to the independently examined accounts (continued)
Year ended 31 March 2025
20. Related parties
J Bunling, a member of the senior management team, is a director of Palace IT Limited. During the
year Ipswich Fumiture Project received services from this company totalling £22.467 {2024.. £18,972).
There was no outstanding balance owing at the year end (2024- £Nill.
There were no other related party transaction5 in this or the prior year.
21. Annex 1
The pages that follow fonn part of the stalulory financial slalemenls of the charity-
19-

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Annex 1 - Notes to the financial statements (continued)
Year ended 31 March 2025
Acheivements and perfomiance
The Project has had another busy year, working wth various support agencies supplying and delivering over
£570K of essential items of fumiture. electrical goods and other requested household items to those in need.
Despile no ststutory grants towards the provision of
items to those in need during the year, the Charity
has continued ils charitable and other trading
a¢livilies in support of those on low incomes or
benefits. This resulted in our turnover increasing from
£549,547 last year to £621,792. which although
better than we had hoped for. it was similar due to
price increases.
Expenditure was kept to acceptable levels. and due
lo increased grant income, we ended the year with
a small deficit.
We appreciated that running the Project on a deffiat each year was unsustainable. so we engaged the
services of a ftjndraiser to approach various Charitable Trusts sympathetic to ourwork and ethos, lo increase
our income sufficient to cover our expenditure. This allows us not to reduce staff or levels of service. Both
Alfred Williams Charitable Trust & Ganzoni Charitable Trust gave grants to the Project from Sarah's efforts
at the year end.
We have received over £100K in Grants. £72.000 from Rope and £8K from IBC and £20.000 from Garfield
Weston.
Unfortunately, one of our vans was involved in a non-faull accident in August 2024 and was eventually written
off. We received an insurance payment of £20,047 towards purchasing a replacement vehicle. We also
received a grant to assist us from the Rope Trust and finally purchased the new replacement in November.
Being without the van for three months did cause us some logistical problems and we were forced to hire a
van on a few occasions.
IFP have continued working dosely with the Rope Trust during the year, by providing and installing household
items to their grantees. They have been remarkable in Ix)ntinuing to increase their support for persons in
need, where there is no other statutory or instilulional support available. We have fulfilled over 1,000 awards
funded by them plus 200 frotn other statutory or charitable organisations during the year.
We were also offered the use of an electric van from John Grose in January for a year, with the option to
purchase it at the end at 50% of its lisl pri￿, around £23K. We have asked our fundraiser to seek fvnds for
us lo be able to purchase it. Al the year end we had raised £4.5K.
The Trustees are aware of the legal requirement for them to have regard to the Charity Commission's public
benefit guidance and lo take it into account when making decisions where the guidance is relevant. The
Trustees do not believe they have deviated from the guidance in their governance of the Charity- The Ipswich
Furniture Project has managed to continue delivering an efficienl, prompt, competitive, caring and
compassionate seNice lo both the recipients and their respective agencies and funders. We have continued
lo provide discounts to our Iow4ncome customers to help them fumish their homes, diverting items from
landfill lo re-use and recyding and assisting the unemployed with support in preparation for seeking gainful
employment.
-20-

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Annex 1 - Notes to the financial statements (continued)
Year ended 31 March 2025
IMPACT- the change we create.
Planet- managing waste and C02 emissions.
The number of collections andlor deliveries our vans made during the year was 3.803- around 15per day.
We handled 9,910 items weighing over 287 tonnes.
1600
1400
1200
iooo
800
Items Collected
Items Delivered
600
400
200
Ipi
IP2
IP3
IP4
75.84 /0 of the donated items collected go lo low income families
570/0 of the items collected in Ipswich were also re-used by Ipswich residents IP1 IP4
We re-use as many ilerns as Possible by sale through our shop in Ipswich or by supply to the Rope Trust
and other agencies. Our workshop evaluated 904 items and repaired and refurbished 416 electrical goods
to re-use.
Donatedlcollected Items Data
From Ipswich
From
Areas
498
other
Total
No of unique donors
No of items
Weight of items
No of items reused
1050
1548
3553
2107
5660
1Th).514.7KG
2791
55,653.6 KG
1793
156,168.6 KG
4584
Weight of items reused
No of items sold to Ipswich residents collected
from within I
swich
Weight of items sold lo Ipswich residents
collected from within I
swich
No of household items
Weight of household items
No of electric81 items
69.646 KG
43.534.6 KG
113,180.6 KG
2025
49.355 KG
2889
1867
4753
77.104.1 KG
48,108.5 KG
240
125,119.6 KG
904
Weight of electrical items
23.410.6 KG
7,545.4 KG
30,956 KG
21

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Annex 1 - Notes to the financial statements (continued)
Year ended 31 March 2025
Note.. IFP also supplied 1,314 new electrical appliances 1829 in Ipswich. 485 other areas} and 1.279 new
furniture items1754 in Ipswich, 525 other areas), rnosly at the request of the Rope Trust and other agencies
supporting the clients these items went to.
Nationally. 10 million household items are sent to landfill every year. 3 million of these items could be re-
used by people in crisis (Sou￿. Re-use Network).
Nearly 615,000 tonnes of material that currently finds its way to landfill or incineration could instead be
repaired, resold or donated saving the lax payer more than £60 million each year. (Based on WRAP
eslimates)- This is equal to a potential saving on each household's council tax bill of £3.
On average, there are 4.2 lonnes of C02 emissions produced in Ipswith. per person per year. (Source.. State
of Ipswich Annual Monitoring Report 20141.
Every year, it costs around £300.000 to clear waste dumped illegally on public land in Suffolk. Counci15 are
obliged to clear the waste al Council Tax Payers, expense. {Source'. One Suffolkl.
By re-using, recycling and refurbishing items Ipswich Fumiture Project contributes towards the protection and
preservation of the environment.
Poverty
One of IFP'S main charitable objectives is the prevention or the relief of poverty and financial hardship by the
re-use, recycling and supplying of ilems of fumiture and other household items lo individuals in need andlor
charities, statutory bodies or other organisations working to prevent or relieve povety for the benefit of
persons who are in need.
42Yo of households in Ipswich are in the FKM)rest two categories representing:
Those with modest lifest￿e5 bul able to get by {15°k).
Those experiencing the most difficult social and economic condilions1271A> I.
26.6¥0 of the town's population lives wthin Ihe mosl deprived fifth of areas in England {IMD 2010).
Furthemiore there are nine areas that are ranked within the top 10Yo most deprived areas nationally and two
areas within the top 5Vo most deprived areas nationally. (Source.. Slate of Ipswich Annual Monitoring Report
2014}.
To this end, IFP is open to any member of the public and operates a dual pricing policy offering 200/0 off re-
used fumiture and electrical items and up to loo0￿ in certain cases to enable low-income customers to buy
at an affordable price. We even discount our new items, although the amounts are smaller lo reflect lo cost
of the goods to us. New items are not made available to members of the public who are not eligible for
discounts.
In the past financial year
The total value of items sold to customers 'in need. was £557.217.06 (based on the original ticket price
for each ileml
The total sale price for items sold to in need customers £525,886.30 (based on the price the customer
paid after discount)
The total amount saved by'in need. customers was £31,330.76 {ticket price of item minus the discounted
price} This is again lower than in previous years reflecting the greater number of new items supplied
which carry a lower discount.
An average saving of £22.36 for every 'in need, customer. The total number of customers who were
provided with furniture and olher essential household items funded by extemal partner agencies was
1,401. (Rope Trust, Housing, Social & Health se￿ices etc.) This lower number of assisted customers
reflects the removal of govemment funding to local authorities to assist those affected by the current
financial crisis.
Total value of items provided to funded customers was £478,300.11
The total sale price of items to funded customers was £ 453,870.47 (after discount}

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Annex 1 - Notes to the financial statements (continued)
Year ended 31 March 2025
Total amount saved by Agencies funding the supply of items lo people in severe need was £24,429.64.
An average saving of £24.83 for every funded 'in need, customer.
75.840/0 of items provided went to in need customers. Ilncludes new items to supplement18ck of reusable
items or for funded awards)
The b9nefits to customers of buying from our shops:
Those on low incomes have a￿sS lo affordable household items.
We help reduce the expenditure of those on low incomes when buying e55ential fumiture and household
items.
Shoppers are able to view a wide range of items in our shops, enabling them lo choose items they like
(giving those on low incomes choice).
Our shop is easily accessible for shoppers and is well serviced by public transport
Many second-hand items (bought on ebay or at boot fairs) do not have warranties meaning if they fail
the customer incurs further costs in order to repla￿ or repair it.
We offer a reliable and convenient delivery service.
Most importantly customers receive an individual. caring servi￿. by staff and volunteers that pride
themselves on going the extra mile.
We are always r￿1VIng thank you cards, emails and face to face
comments praising our setvice from both customers and support agencies.
People
IFP also Offers help to people to improve their employment chances
Volunteer5
Found Employment
During the year we offered volunteering or work pla￿ments to 6 people, many of who came with barriers to
work. One left us and moved to full time employment. We are keen to continue providing this service, which
forms part of the organisation's social mission. Our team is made up of a mix of volunteers and full and part
time employees.
-23-

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Annex 1 - Notes to the financial statements (continued)
Year ended 31 March 2025
We could not funclion withoul the assistance of the volunteers. bul we offer them-
Ability to gain valuable work experience.
Ability to gain new life skills and employability skills.
Training and certification in Manual Handling. Slips, Trips and Falls. COSHH and Fire awareness
Access to a variety of work opportunities including= retail sales. administration. IT skills and collection &
delivery.
The wtential to progress from volunteering into paid employment, either with Ipswich Fumilure Project
or with other local employers. One of our volunteers did move into employment with external
organisalions this year.
More importanlly we offer an environment where they can progress al their own pa￿, to allow them lime lo
grow in confidence. establish self-belief and feel wanted and part of a famity-
Most commercial businesses do not have the lime or inclination to support people with difficult backgrounds.
behavioural issues, physical and psychological barriers. which hinder their ability to match the achievements
and productivity of the perceived expectations of business employing a person.
Volunteers also get the opportunity to support their local Cr￿munity and in particular those in need and make
a difference.
We help volunteers with IT skills, to enable them to Job search. help them with completing paperwork and
generally take an interest in their wellbeing. We have even accompanied volunteers loo nervous to attend
compulsory courses imposed by the Job Centre. so they do not get sanctioned for non-attend8nce.
There was a total of around 6.250 volunteer hours during the year with an in-kind financial value of £71,500
based upon the equivalent National minimum wage of £11.44thr.
Environmental Impact
IFP cares passionately about people and the environment we live in. We work with partners to improve r
use and re¢y¢ling. Since 2016 IFP has worked wilh a number of extemal businesses in the past, including
John Lewis in re-using and recyding items.
Through repair and refurbishment of electrical appliances. IFP has a considerable positive impact on C02
emissions.
Re-use and Recycling helps the environment by saving raw materials and the energy used to extract them
and in the manufacturing process. Using methodology for quantifying environmentsl and economic impacts
of re-use from WRAP research conducted in 2010-2011, IFP calculates il generates a C02 saving of 226
lonnes for the year. See table for I
swich IP1- IP4 and all other Post-codes.
-24-

Docusign Envelop8 ID.. 901FF8BfAA4F4C774F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Annex 1 - Notes to the financial statements (continued)
Year ended 31 March 2025
Environmenlal and Financial impacts of re-use calculator
Supplied by Re4Jse Network
Methodology for quantifying environmental and Economic impacis of re-use from WRAP research 2010-2011
http:Ilwww.wrap.org.uklsiteslfileslwraplFina1%20Reuse°/v20Method.pdf
IFP Impacts 2024-2025 Post Code IP1 - IP4
Number
eight
Items
Tlltem
C02 wt
Total
Tonnes
Item Type
Weight
Total
Tonnes
C02
Coefficient
Saving
Value I
Item £
Total Ipswich
£ Saving
ICT and Tvs
63
0.045
2.385
17.01
100
6,300
White Goods
567
0.06
34.02
27.216
150
85,050
Furniture Household 3,036
0.03
91.08
91.08
80
242,880
Office Furniture
0.026
0.052
0.0208
41
82
Total
3,668
128
tonnes
saved
135
tonnes
saved
334.312
£saved by
households
Items
act5 2024-2025 Other Post Codes
IFP Im
Item Type
Number
Items
Weight
Tlttem
Weight
Total
Tonnes
C02 wt
Total
Tonnes
Saving
Value I
Item £
Total Other
Areas £
Savin
C02
Coefficient
ICT and Tvs
31
0.045
1.395
8.37
100
3,100
White Goods
292
0.06
17.52
14,016
150
43,800
Furniture Household
2,268
0.03
68.04
68.04
80
181,440
Office Furniture
0.026
41
Total
2,591
87
tonnes
saved
90
lonnes
saved
228,340
£saved by
households
items
acts 2024-2025 All Post Codes
Numb
er
Items
IFP Im
Item Type
Weight
Tlltem
Weight
Total
Tonnes
C02
Coefficient
C02 wt
Total
Tonnes
Saving
Value I
Item £
Total IFP £
Saving
ICT and Tvs
0.045
4.23
25.38
100
9,400
White Goods
859
0.06
51.54
41.232
150
128,850
Furniture Household
5,304
0.03
159.12
159.12
80
424,320
Office Furniture
0.026
0.052
0.0208
41
82
Total
6.259
215
226
562.652
£saved by
households
tonnes
saved
tonne5
saved
items
-25-

Docusign Envelop8 ID.. 901FF8B64A4F4C77-8F4C-A87F07FF8878
Ipswich Furniture Project
Company Limited by Guarantee
Annex 1 - Notes to the financial statements (continued)
Year ended 31 March 2025
The Board of Trustees wishes to Ihank and acknowledge the tireless work and dedication given by all our
staff and volunteers throughout the year.
We also wish to acknowledge the continued help and support from the Mrs LD Rope Third Charitable
Settlement, who, as mentioned earfier, have provided financial help both direcuy to IFP and through grants
to individuals to help them purchase items and seNices.
We also need lo thank IBC for their support with community funding and supporting us by providing our
premises at Hogarth Road at a discounted rent.
Finally a big thank you to all our partners and referring agencies. either directty or through referrals via Rope,
in maintaining a dialogue with us, often in stressful situations, lo achieve the best possible outcomes for the
individuals and families they support and we supply with goods and services.
A Massive thank you to all the donors of furniture and electrical iterns. who will hopefully continue to choose
IFP above the many other avenues now available for them to dispose of their unwanted goods.
-26-

Docusign Envelop8 ID.. 901FF8BfAA4F4C774F4C-A87F07FF8878
Lovewell Blake LLP
First Floor Suite
2 Hillside Business Park
Bury St Edmunds
Suffolk
IP 32 7EA
Dearsirs
Financial statements for the year ended 31 March 2025
The following representations are made on the basis of enquires with those individuals, including
management and staff, with relevant knowledge and experience such as we consider necessary in
connection with your independent examination of the charitable company's financial statements for the
year ended 31 March 2025. These enquirie5 have included inspection of 5UPPOrting documentation where
appropriate and are sufficient to satlsfy ourselves that we can make each of the following representations.
All representations are made to the best of our knowledge and belief.
General
We acknowledge that the work performed by you is substantially less in scope than an audit performed in
accordance with International Standard5 on Auditing (UK) and that you do not expre55 an audit opinion.
We confirm that the charitable company qualifies as small in accordance with the conditions set out in
chapter l of part 15 ofthe Companies Act 2006.
We confirm that the charitable company was entitled to exemption under section 144 of the Charities Act
2011, being that gross income forthe year does not exceed £lm or £250,￿0 if gross assets exceed £3.26m,
from the requirement to have its financial statements for the financial year ended 31 March 2025 audited.
We also confirm that the members have not required the company to obtain an audit of its financial
statements for the financial year in accordance with section 476 of the Companies Act 2006.
We confirm we have declared all income, including legacies, of which we are aware at the year end,
whether received during the year or following the year end.
We have fulfilled our responsibilities as trustees, as set out in the terms of our engagement letter dated 2
August 2023 under the Companies Act 2006 and Charities Act 2011. for preparing financial statements in
accordance with applicable law and United Kingdom Accounting Standards (UK Generally Accepted
Accounting Practicel, for being sat15fied that they give a true and fair view and for making accurate
representations to you.
All the transactions undertaken by the charitable company have been properly reflected and recorded in
the accounting records.
All the accounting records have been made available to you for the purpose of your independent
examination. We have provided you with unrestricted access to all appropriate persons within the
charitable company, and with all other records and related information requested, including minutes of all
management and trustees. meetings and correspondence with The Charity Commission.

Docusign Envelop8 ID.. 901FF8BfAA4F4C77-8F4C-A87F07FF8878
The financial statements are free of material misstatements. including omissions.
Internal control and fraud
We acknowledge our responsibility for the design, implementation and maintenance of internal control
5YStems to prevent and detect fraud and error, and we believe that we have appropriately fulfilled these
responsibilities. We have disclosed to you the results of our risk assessment that the financial statements
may be misstated as a result of fraud.
We have disclosed to you all instances of known or suspected fraud affecting the entity involving those
individuals, including management and employees. who have a significant role in internal control or others
that have a material effect on the financial statements.
We have also disclosed to you all information in relation to allegations of fraud or suspected fraud affecting
the entitys financial statements communicated by current or former employees, analysts, regulators or
others.
Assets and liabilities
The charitable company has satisfactory title to all assets and there are no liens or encumbrances on the
charitable company's assets, except for those that are disclosed in the notes to the financial statements.
All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or
disclosed as appropriate.
We have no plans or intentions that may materially alter the carrying value and, where relevant, the fair
value measurements or classification of assets and liabilities reflerted in the financial statements.
Accounting estimates
The methods, data and significant assumptions used by us in making accounting estimates, and their
related disclosures, are appropriate to achieve recognition, measurement and disclosure that is reasonable
in the context of the applicable financial reporting framework.
Bank accounts
We have disclosed to you all bank accounts operated by the charitable company.
Loans and arrangements
The charitable company has not granted any advances or credits to. or made guarantees on behalf of.
trustees other than those disclosed in the financial statements.
Legal clairns
We have disclosed to you all claims in connection with litigation that have been, or are expected to be,
received and such matters, as appropriate, have been properly accounted for and disclosed in the financial
statements.
Laws and regulations
We have disclosed to you all known instance5 of non-compliance or suspected non-compliance with laws
and regulations whose effects should be considered when preparing the financial statements.
Related parties
Related party relationships and transactions have been appropriately accounted for and disclosed in the
financial statements. We have disclosed to you all relevant information concerning such relationships and
transactions and are not aware of any other matters which require disclosure in order to comply with
legislative and accounting standards requirements.

Docusign Envelop8 ID.. 901FF8BfAA4F4C77-8F4C-A87F07FF8878
Serious incidents
We confirm that no serious incident reports have been submitted to the Chairty Commission, nor any
events considered for submi55ion, during the year or in the period to the date of signing of the balance
sheet.
Subsequent events
All events subsequent to the date of the financial statements which require adjustment or disclosure have
been properly accounted for and disclosed.
Going concern
We believe that the charitable companTrls financial statements should be prepared on a going concern
basis, on the grounds that current and future sources of funding or support will be more than adequate for
the charitable companws needs. We also confirm our plans for future actionls} required to enable the
charitable company to continue as a going concern are feasible. We have considered a period of twelve
months from the date of approval of the financial statements. We believe that no further disclosures
relating to the charitable compan¢s ability to continue as a going concern need to be made in the financial
statements.
Grants and donations
All grants, donations and other income. the receipt of which is subject to specific terms or conditions, have
been notified to you. There have been no breaches of terms or conditions in the application of such
income.
Each trustee has taken all steps that they ought to have taken as a trustee in order to make themselves
aware of any relevant information and to establish that you are aware of that information.
Yours faithfully
Signed on behalf of the board of trustees of Ipswich Furniture Project
6/10/2025