FURNITURE RESOURCE CENTRE LIMITED

Charity number: 700731
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

1) To relieve need, hardship or distress by the provision of furniture and other household accessories to low income families. 2) To advance any charitable purpose for the benefit of the public and in particular the provision of training for excluded groups to further their chances of obtaining full time employment and the provision of recycling services which directly benefit the environment

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£17,771,295

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Donations and legacies £136.14k
Charitable activities £17.63m
Other trading activities £0
Investments £6.95k
Other £2.14k

Total expenditure:
£17,897,606

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Raising funds £0
Charitable activities £17.90m
Other £0

£0 investments gains (losses)

Total income includes £12,805,790 from 16 government contract(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £0
Charitable expenditure £17.90m

People

125 Employee(s)

6 Trustee(s)

6 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 1
£70k to £80k 2
£110k to £120k 1

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
  • The Prevention Or Relief Of Poverty
  • Environment/conservation/heritage
  • Economic/community Development/employment
Who the charity helps:
  • People With Disabilities
  • Other Defined Groups
  • The General Public/mankind
How the charity helps:
  • Provides Services
  • Other Charitable Activities
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 17 November 1988: Standard registration
Organisation type:
Charitable company
Other names:
  • End Furniture Poverty (Working name)
  • F R C (Working name)
  • FRC GROUP (Working name)
  • FURNITURE RESOURCE CENTRE (MERSEYSIDE) LIMITED (Previous name)
Company number:
02296329 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

6 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Nicholas Spruyt Chair 31 May 2023
Bulky Bob's
Received: On time
Bulky Bob's for Business
Received: On time
Claire Dixon Trustee 27 September 2024
Bulky Bob's for Business
Received: On time
Bulky Bob's
Received: On time
Alli Courtney Trustee 27 September 2024
Bulky Bob's for Business
Received: On time
Bulky Bob's
Received: On time
Fatima Vepari Trustee 27 September 2024
Bulky Bob's for Business
Received: On time
Bulky Bob's
Received: On time
Dr JOHN HINES Trustee
None on record
JEFF VERNON Trustee
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £12.31m £13.17m £15.62m £19.09m £17.77m
Total expenditure £11.97m £12.87m £14.99m £18.89m £17.90m
Income from government contracts £7.85m £7.25m £3.59m £7.12m £12.81m
Income from government grants £51.02k £203.91k £88.86k N/A N/A
Income - Donations and legacies £63.80k £224.29k £89.01k £37.50k £136.14k
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £12.20m £12.85m £15.50m £18.98m £17.63m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £5.63k £820 £686 £446 £6.95k
Income - Other £38.63k £99.21k £30.92k £67.70k £2.14k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £11.97m £12.87m £14.99m £18.89m £17.90m
Expenditure - Raising funds £0 £0 £0 £0 £0
Expenditure - Governance £47.05k £34.49k £31.64k £44.23k £107.86k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £390.56k £547.61k £464.27k £520.07k £757.21k
Long-term investments £0 £0 £0 £0 £0
Other assets £4.18m £4.79m £5.92m £5.68m £5.20m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £2.00m £2.47m £2.89m £2.51m £2.39m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 07 January 2025 On Time
Accounts and TAR 31 March 2024 07 January 2025 On Time Download Open in new window
Annual return 31 March 2023 25 January 2024 On Time
Accounts and TAR 31 March 2023 25 January 2024 On Time Download Open in new window
Annual return 31 March 2022 26 January 2023 On Time
Accounts and TAR 31 March 2022 26 January 2023 On Time Download Open in new window
Annual return 31 March 2021 26 January 2022 On Time
Accounts and TAR 31 March 2021 26 January 2022 On Time Download Open in new window
Annual return 31 March 2020 31 January 2021 On Time
Accounts and TAR 31 March 2020 31 January 2021 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 14/09/1988 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 26/10/1994 AS AMENDED BY CERTIFICATE OF INCORPORATION ON CHANGE OF NAME DATED 07/11/1994 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 21/01/1996 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 29/11/2002 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 08/08/2014 as amended on 24 May 2022

Charitable objects

1) TO RELIEVE EITHER GENERALLY OR INDIVIDUALLY THE PERSONS WHO ARE IN CONDITIONS OF NEED, HARDSHIP, OR DISTRESS BY THE PROVISION OF FURNITURE AND OTHER HOUSEHOLD ACCESSORIES CALCULATED TO REDUCE THE NEED, HARDSHIP OR DISTRESS OF SUCH PERSONS.2) TO ADVANCE EDUCATION AND RELIEVE NEED BY PROVIDING OR ASSISTING IN THE PROVISION OF TRAINING AND BY PROVIDING GUIDANCE FOR SUCH PEOPLE AS ARE IN NEED CALCULATED TO ENABLE THEM TO EARN THEIR OWN LIVING. 3) TO PROMOTE ANY CHARITABLE PURPOSE FOR THE BENEFIT OF THE PUBLIC AND IN PARTICULAR THE ADVANCEMENT OF EDUCATION AND TRAINING,THE RELIEF OF POVERTY, DISTRESS AND SICKNESS AND CHARITABLE PURPOSES CONNECTED WITH THE IMPROVEMENT OF THE ENVIRONMENT.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED,IN PRACTICE MERSEYSIDE AND THE NORTH WEST REGION

Contact information

Address:
Furniture Resource Centre Limited
1 Cartwrights Farm Road
LIVERPOOL
L24 1UY
Phone:
0151 702 0570
Email:
info@frcgroup.co.uk
Website:

www.frcgroup.co.uk Open in new window