Finance Score: 1

Governance Score: -7

Support Score: 4

Poor Liquidity: -1
Strong growth: +2

Only 3 Trustees: -2
Narrow trustee age band: -2
All male board: -3

Grant maker support: +4

Overall GiG Score: -2

FURNITURE RESOURCE CENTRE LIMITED

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

Analysis by Giving is Great

Positives:

There has been strong growth in spending over the last 5 years
There have been no material income shortfalls in recent years
A significant proportion of recent income was derived from major grant makers including the Government

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
There are only 3 trustees
The Board is completely male
The Board has little diversity in terms of age

Financial issues to consider:

Liquidity appears to have been slender at the latest year end

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£19,086	£18,890	£196	£0	£3,691	£3,679	2.3	123	5
31/03/22		£15,617	£14,992	£625	£0	£3,495	£3,495	2.8	124	14
31/03/21		£13,175	£12,873	£301	£0	£2,871	£2,862	2.7	111	0
31/03/20		£12,312	£11,974	£338	£0	£2,569	£2,559	2.6	106	28
31/03/19		£8,394	£7,987	£407	£0	£2,231	£2,202	3.3	85	26
31/03/18		£6,735	£6,550	£185	£0	£1,824	£1,793	3.3	84	0
31/03/17		£5,938	£5,820	£117	£888	£1,639	£1,603	3.3	78	0
31/03/16		£6,494	£6,363	£132	£701	£1,521	£1,476	2.8	73	0
31/03/15		£7,084	£6,463	£621	£696	£1,390	£1,335	2.5	68	0
31/03/14		£5,353	£4,896	£458	£703	£752	£685	1.7	70	0
31/03/13		£3,148	£3,363	£-215	£830	£320	£244	0.9	75	0
31/03/12		£3,773	£4,075	£-303	£895	£534	£446	1.3	85	0
31/03/11		£4,135	£4,028	£107	£833	£801	£688	2	92	0
31/03/10		£4,400	£4,399	£1	£792	£680	£614	1.7	86	0
31/03/09		£3,547	£3,590	£-43	£868	£675	£532	1.8	81	0
31/03/08		£2,788	£2,985	£-197	£867	£759	£582	2.3	79	0
31/03/07		£2,616	£2,863	£-247	£825	£975	£742	3.1	75	0
31/03/06		£2,747	£3,147	£-400	£0	£0	£0	n/a	0	0
31/03/05	*	£3,809	£4,041	£-232	£0	£0	£0	n/a	0	0
31/03/04	*	£4,044	£4,205	£-161	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 2%
Highest pay band: £110,000-£120,000
Liabilities/Assets: 40%
Liabilities/Income: 13%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 2.3 months
Net Current Assets/Spending: 2 months
Quick Ratio: 0.2

Asset Split ?

Established: 36 years

www.frcgroup.co.uk

info@frcgroup.co.uk

01513055239

Charity Commission for England and Wales

Tweets

Listed activities

Economic/Community Development/Employment
Education/Training
Environment/Conservation/Heritage
General Charitable Purposes
The Prevention Or Relief Of Poverty

GiG Classification

Technical, vocational and continuing education

How it operates

Other charitable activities
Provides services

Where it operates

Throughout England And Wales,

Who it helps

Other Defined Groups
People With Disabilities
The General Public/Mankind

Who works here?

123 employees
5 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Steve Morgan Foundation - Grant to End Furniture Poverty
£90,000	28/07/2022	3 years funding for the Project Manager role

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (3)

Current Trustees appointed

Gender Split

Age Range of Trustees: 54-60

DR JOHN HINES, Occupation: General Manager

JEFF VERNON Appointed: 2005, Occupation: Finance Director

NICHOLAS SPRUYT (Chair) Appointed: 2023, Occupation: Chair Of Trustees, Other trusteeships: Bulky Bob's for Business, Bulky Bob's,

Legal constitution

Charitable company registered in England & Wales on 17/11/1988, number: 700731
Registered at Companies House on 14/09/1988, number: 02296329

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

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

Filing Record

20 returns made; AR05: 22 days late, AR04: 1 days late,

Main office

Units 12-14
Atlantic Way
Brunswick Business Park
Liverpool
Merseyside
L3 4BE

Objectives

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.

Defined Area of Benefit:

NOT DEFINED,IN PRACTICE MERSEYSIDE AND THE NORTH WEST REGION

Data Sources