Registered number: 05744987 Charity number: 1133251 RESTORE OUR PLANET (A company limited by guarantee) UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
RESTORE OUR PLANET (A company limited by guarantee) CONTENTS Page Reference and administrative details of the company. its trustees and advlsers Trustees, report Trustees, responsibilities statement Independent examiner's report statement of financial activities Balance sheet io-ii Note5 to the financial statements 12-23
RESTORE OUR PLANET IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees Mr Michael R Edge, Dirertor Mr Peter R Cole, 00(tOr Mr Christopher J Shaw, Director (Resigned 28 June 2023) Mr Stuart D Phlllips, Director Company registered number 05744987 Charity re9iStered number 1133251 Reglstered office Elsley Court 20-22 Great ritchfield Street London WIW 8BE Company secretary Mr Peter R Cole Accountants SRLV Audit Limited Chartered Accountants Elsley Court 20-22 Gat Tltchfield Street London WIW 8BE Page 1
RESTORE OUR PLANET (A cornpany limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their Annual Report together wlth the financlal statements of the company for the period from l April 2023 to 31 March 2024. The Annual Report serves the purposes of both a Trustees, Report and a Directors. Report under company law. The Trustees conflrm that the Annual Report and financial statements of the charitable company comply with the current statutory requirement5, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FR5102) (effective l January 2019). Objectives and activities a. Policies and objectives The charity's aims are to promote for the benefit of the public the conservation, protection and Improvement of the natural environment by promoting biologlcal diverslty and to advance the educatlon of the public in the conseNation, protection and improvement of the physical and natural environment in the Unlted Kingdom and overseas. Our objectlves are to: a) Encourage and participate in schemes for the enhanrnent and or protection of the environment. b) Co-operate with local regional and national government authorities, local authorities, land and property owners and other persons COnrned. c} Provide informed comment and constructlve proposals on slgnificant planning and environmental matters to the relevant authorities and to the public. d) Advise and provide information on matters affecting the preservation of arnenities; e> Promote hurnane behaviour towards animals by providing appropriate care, protection, treatment and security for animals which are in need of care and attention by aSOn of sickness, maltreatment, poor circumstances or ill usage and to educate the public in matters pertalning to animal welfare in general and the prevention of cruelty and suffering arnong animals; f) Advan the relief of human slckness and disabilities and promote the preservation of human health, an g) Advance other charltable objects whlch are similar to the objects listed above. In setting our programme each year, we have regard to both the Charity Commission's general guidance on public benefit and the protection Lif the environment for the public benefit. The Trustees alway5 erbsure that the programme we undertake Is In line with our charitable objects and aims. b. Activities undertaken to achieve objectlves The charity delivers its charitable aims by: contributing to advertlslng and campalgn costs to gather public support and make the publlc aware or environmental issues. making grants to suitable charitable organisations, who have the necessary expertise and knowledge to achieve our alms and objectives. Page 2
RESTORE OUR PLANET (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Strateglc Report Achievements and perforniance a. Review of actlvltles Durlng the year, Restore Our Planet has supported various wildlife and woodlands institulions. The Trustees are pleased with the progress and the achievements made durlng the year. The works that were undertaker) during the year are summarlsed on page 16. The charity is satisfied that the works have continued to improve the environment and hence continue to improve the public benefit. b. Investment policy and performance The charity, havi ng regard to the liquidity requlrements of the operation and to the reseNe policy, has the power to invest in any way the Trustees wish. Financial review a. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Restoie Our Plaiiet, iii Ill witli iiiany othei" orgorki5atiQns in sitnilai- 51tuations, has had a challenglng couple of years, but IS PQSltive about the future. All funding commitments will be met, and funds are in place to contlnue on a relatively low key level, although the Trustees are taking thos opportunity to re-visit historically funded projects with a view to targeting the most worthy ones for additional funding. Future funding meetings have been arranged to prioritise the ongoing strategy to meet the charfity's charitable objectives, with additional ways of funding being considered on a continuous basis. b. Reserves policy With the exception of such funds as the Trustees consider nesSary for the ongoing maintenance of the charity, all unrestricted funds, excluding unrealised revaluation reserves, are designated for the purposes of the general charitable objects of the charity. c. Principal funding Principal funding each year is normally through dlvidends. However, due to the impact of COVID In recent years and the current cost-of-living-crisis, no dividends were recelved during the current year (2023 - ÉNIL). The Trustees are of the opinion that this is a temporary situation and that dividends will be recelved again in the near future and wlll become the principal funding again. During the current year. the principal funding was from donations, amounting to £35,126 (2023 £585,489). Page 3
RESTORE OUR PLANET IA company limited by guarantee TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 d. Performance during the year During the year, the charity had a deficit of income over expenditure of £111,602 (2023 deficit of £226,715). As at 31 March 2024, the charity has total funds of £4,551,641 {2023 - £5,720,317), of which £44,319 (2023 - £155,921) were unrestricted funds and £4,507,322 (2023 É5,564,396) were unrestricted and non-distributable revaluation serVeS. At 31 March 2024, the chority held 536,586 (2023 - 536,586) ordlnary G shares In London & Country Mortgages Limited. an ur)quoted company registered in England and Wales. The revaluation of the charlty's shareholdlng has been based on a third party valuation undertaken In October 2024 resulting in the reduction in carrying value of £1.057,074 (2023 - £NIL). structurei governance and management a• Constitution Restore Our Planet is a company limited by guarantee govemed by Its Memorandum and Articles of Assoclation dated 16 March 2006 as amended by Speclal Resolution on 23 November 2009. It 15 registered as a charity with the Charity Commission. In the event of the company being wound Upi each member is reqLJlred to contribute an amount not exceeding £10. b. Methods of appointment or election of Trustees Mr Michael R Edge and the board have the power from time lo time to appoint any new or addltlonal Trustees. c. Policies adopted for the indurtion and trainin9 of Trustees New Trustees underyo an orientation day to brlef them on their legal obligation5 Under charity and company law, the content of the Memorandum and Articles of A550Ciation. the committee and decision-making processes, the business plan and recent financial performance of the charity. During the inductlon day, they meet key employees and other Trustees. Trustees are encouraged to attend appropriate external training events where these will faalitate the undertaking of their role. d. Related party relationships The charity has a close relatlonshlp wlth Mr Michael R Edge. a principal donor and Trustee of the Trust. He is actively involved in the activitie5 of the charity, and ensuies that the donations received are granted to the appropriate charitable organlsations whlch could tulfil and achieve the principal objects of the charity. e. Organlsatlonal structure and decision making The Board of Trustees meets regularly to administer the charity. Peter Cole is appointed as administrator by the Trustees to manage the day-to-day operatlons of the charity. To facilitate effective operations, the dminlstrator has delegated authority, within terms of delegation approved by the Trustees, for operational matters including finance, employment and artistic performance related activity, Page 4
RESTORE OUR PLANEr (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structurei governance and management (continued) f. Risk management The Trustees have a risk management strategy which comprise5: an annual revlew of the rlsks the charity may face; the establishment of systems and procedures to mitigate those risks identified in the plan. and the implementation of procedures designed to minimi5e any potential impact on the charity should those risks materialise. This work has identifled a small number of mSnor rlsks but It has resulted In better ernergency procedures and contingency plans and has given the impetus for better planning. A key element in the management of financial risk is the setting of a reserves pollcy and this Is regularly reviewed by the Trustees. Approved by order of the members of the board of Trustees on 3 December 2024 and signed on their behalf by: Mr Peter R Cole Trustee Page 5
RESTORE OUR PLANET IA company Ilmlted by guarantee) STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees, Report including the Strategic Report and the financial statements In accordance wlth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial period. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a trLJe and fair view of the state of affairs of the company and of its incoming resources and applicatlon of resources, Including Its Income and expendlture, for that perlod. In preparing these financlal statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles of the Charities SORP (FRS 102); make judgements and accounting estimate5 that are reasonable and prudent- state whether applicable UK Accounting Standards (FRS 102) have been followed. subject to any material departures disclosed and explained in the financial statements- prepare the financlal statements on the golng concern basls unless it Is Inapproprlate to presume that the company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company'5 transactions and disclose with reasonable accuracy at any time the financial posltlon of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the boèrd of Trustees on 3 December 2024 and signed on its behalf Mr Peter R Cole Trustee Page 6
RESTORE OUR PLANET (A company Ilmlted by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent examiner's report to the Trustees of Restore Our Planet ('the company.) report to the charity Trustees on my examlnation of the accounts of the company for the year ended 31 March 2024. Responsibilitles and basis of report As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparatlon of the accounts in accordance with the requirements of the Companles Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the company are not requlred to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in SpeCt of my examination of the company's accou nts carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Dlrections given by the Charity Comrnission under section 145(51 (b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe- accounting records were not kept in respect of the company as requlred by Section 386 of the 2006 the accounts do not accord with those records; or the accounts do not comply wSth the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination- or the accounts have not been prepared in accordance with the rnethods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 102}. have no concerns and have come across no other matters in connection with the exarnination to which attention should be drawn In thls report in order to enable a proper understandlng of the accounts to be reached. Page 7
RESTORE OUR PLANET (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Vse ol our report This report is made solely to the company's Trustees, as a body, In accordance wlth Part 4 of the Charltles {Accounts and Reports} Regulations 2008. My work has been undertaken so that I might State to the company's Trustees those matters l am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report. Richard Gilbert for and on bchalf of SRLV Audit Limited Chartered Accountants Elsley CoLJrt 20-22 Great Titchfield Street London WIW 8BE 3 bgL£*trtrUfj q(SL(k Page 8
RESTORE OUR PLANET {A company Ilmlted by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations 35,126 215 35,126 215 585,489 95 Investments Total Income 35,341 35,341 585,584 Expenditure on: Charitable activities 146,943 146,943 812,299 Total expenditure 146.943 146.943 812,299 Net expenditure Revaluation (111.602) (111.602) (1,057,074) {1,057,074) (226,715) li Net movement in funds (1,168,676) {1,168,676) (226,715) Reconciliation of funds- Total funds brought forward Net movement In funds ,720,317 5,720,317 {1,168,676) (1,168,676) 5,947,032 (226,715) Total funds carried forward 4,551,641 4,551,641 5,720,317 The statement of flnandal activitles indudes all gains and losses recogni5ed in the year. The notes on pages 12 to 23 fomi part of these financial statements. Page 9
RESTORE OUR PLANEr (A company limited by guarantee) REGISTERED NUMBER: 05744987 BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Fixed assets Investments li 4,931,227 5,988,301 4,931,227 5,988,301 Current assets Debtors Cash at bank and in hand 12 124 23.138 99,223 23,138 99,347 Creditors: omounts falling due withln one year 13 (402.724) (367,331} Net current Ilabllltles (379,586) (267,984) Total assets less current Ilabllltle$ 4,551,641 5,720,317 Total net assets 4,551,641 5.720,317 Charlty funds Unrestricted funds General fund5 Revaluatlon reserve 14 44,319 4,507.322 155,921 5,564.396 14 Total u nrestrlcted funds 4,551,641 5,720,317 Total funds 4,551,641 5,720,317 Page 10
RESTORE OUR PLANET IA company limited by guarantee) BALANCE SHEEf (CONTINUED) AS AT 31 MARCH 2024 The company was entitled to exemptlon from audlt under section 477 of the Companies Att 2006. The members have not required the company to obtain an audit for the year In question in accordance with sectlon 476 of Companies Act 2006. The Trustees acknowledge thelr responslbllltles for complylng with the reqU1MentS of the Act wlth respect to accounting records and preparation of financial statements. The flnanclal statements have been prepared In accordance with the provisions applicable to entitles subject to the small companie5 regime. The financial statements were approved and authorised for issue by the Trustees on 03 December 2024 and slgned on thelr behalf by: Mr Peter R Cole Trustee The notes on pages 12 to 23 forrn part of these financial statements. Page11
RESTORE OUR PLANET (A company Ilmlted by guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies 1.1 Basls of pyeparatlon of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charlties preparlng thelr accounts in accordance with the Financial Reporting Standard appliceble in the UK and Republic of Ireland (FRS 102) (effective l January 2019), the Financial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Restore Our Planet meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognlsed at historical cost or transactlon value unless otherwise stated I the relevant accounting policy. The company Is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statement5 therefore present information about the company as an individual undertaking and not about Its group. The company's functlonal and presentational currency 15 pound sterling. 1.2 Income All income is recognised once the company has entitlement to the income, it is probable that the income will be recelved and the amount of income receivable can be measured reliably. 1.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a thlrd party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classiffied by activity. The costs of each actlvity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs èttributable to a slngle activity are allocated directly to that activity. Shared costs whlch contribute to more than one actlvity and support costs which are not attributable to a single activity are apportioned between those activlties on a basis consistent with the use of resources. Central staff costs are allocated on the basls of tlme spent, and depreciation charges allocated on the portion of the assel's use. Support costs comprise costs for preparing grants and applications, including support to actual and potential applicants. Management and administration comprises Costs for the runnlng of the charity itself as an organisation. Where costs cannot be d1ctlY attributed to either of these two ategories, it is estimated based on actlvity levels that 800/0 of the costs are attributable to support costs with the balance attributable to management and adminlstration. Charitable actlvlties and governance costs are costs inCUrd on the company's educational operations, including support costs and costs relating to the govemance of the company apportioned to charltable actlvltles. Expenditure on charitable acb-vities is incurred on directly undertaking the activities which further the company's objectlves, as well as any assoclated support costs. Grants payable are charged In the year when the offer is made except In those cases where the affer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditlons which have not been met at the year end are noted as a commitment, but not accrued as expenditure. Page 12
RESTORE OUR PLANET (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 1.3 Expenditure {contlnued) All expendlture Is Incluslve of irrecoverable VAT. 1.4 Interest receivable Interest on funds held on deposit is included when CeiVable and the amount can be measured reliably by the company; this is normally upon notification of the Interest paid or payable by the institution with whom the fijnds are deposlted. 1.5 Taxation The company Is considered to pa55 the tests set out in Paragraph I Schedule 6 OF the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capltal galns received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of Ihe Taxation of Chargeable Gains Act 1992, to the extent that such Income or galns are applied exdusively to charitable purposes. 1.6 Tangible fixed assets and depreciation Tangible fixed assets are initially recognised at cost. After recognitlon, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed a55et into its intended working ondition should be included In the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the followlng basls: Office equipment 3 years straight line 1.7 Investments Fixed asset investfflents are a fom of financial instrument and are initially recognised at thelr trarbsaction cost and subsequently measured at fair value at the balance sheet date, unless fair value cannot be measured reliabily in which case it is measured at cost less impairment. Reallsed investment gains and losses are shown in the heading 'Net gains/(1055e5) on investments, and unrealised gains and losses are shown in the heading 'Gain51(10sse5) on revaluation of fixed assets. in the Statement of Flnanclal Actlvlties incorporating income and expenditure account. 1.8 Debtors Trade and other debtors are recognised at the settlement arnount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.9 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or simila r account. Page 13
RESTORE OUR PLANET {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 1.10 Liabilities and provisions Liabilities are recognised when there is an obligation at the balan sheet date as a result of a past event, it is probable that a transfer of economit benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recogni5ed at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obllgation, Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Flnancial Activities as a finance cost. 1.11 Financial inStrumets The company only has financial assets and financial liabilities of a kind that quallfy as basic finanaal instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans whlch are subsequently measured at amortised cost using the effective interest method. 1.12 Pensions The company operates a defined contrtbution pension scheme and the pension charge presents the amounts payable by the company to the fund in respect of the year. 1.13 Fund accounting General funds are unrestrlcted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with speafic restrictlons Imposed by donors or which have been raised by the company for partlcular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the flnanclal statements. Investment income, gains and losses are allocated to the appropriate fund. Page 14
RESTORE OUR PLANET {A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Voluntary income Vnrestrl¢ted funds 2024 Total funds 2024 Donations 35.126 35,126 Unrestricted funds 2023 Total funds 2023 Donatlons 585,489 585,489 Investment income Unrestrlcted funds 2024 Total funds 2024 Investment income - interest received 215 215 Unrestricted funds 2023 Total funds 2D23 Investment income - Interest received 95 95 Analysis of grants Grants to Institutions 2024 Total funds 2024 Grants, other charfitable activities 6,000 6.000 Page 15
RESTORE OUR PLANET (A company Ilmlted by guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of grants (contlnued) Grants to Institutions 2023 Total funds 2023 Grants, other charitable activities 662,750 662,750 The company has made the following material grants to Institutlons durlng the year: 2024 2023 Name of institution BlrdLlfe International Kent Wildife Trust Gloucestershire Wildlife Twst Wildwood Trust 6,1)00 503,750 112,000 2,000 45,000 6,000 662,750 6,000 662,750 Analysis of expenditure on charitable activities Summary by fund type Unrestricted funds 2024 Total 2024 Other charitable activities 146,943 146,943 Unrestricted funds 2023 Total 2023 other charitable activities 812,299 812,299 Page 16
RESTORE OUR PLANET (A company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expendlture by actlvltles Grant funding of activities 20Z4 Governance costs 2024 Support costs 2024 Total funds 2024 Other tharitable activities 31,575 6,000 109,368 146,943 Grant funding of activities 2023 Governance Costs 2023 Support costs 2023 Total funds 2023 other charitable activities 33,787 662,750 115,762 812,299 Governance Costs 2024 2023 Accountancy fees Independent Examiner's fee l Auditor's remuneration Telephone Sundry governance expenses Traveling expenses Legal fees Governance expense - wages and salaries Governance expense - national insurance Governance expense - pension costs 8,596 4,800 428 8,572 6,000 412 1.516 956 1,596 1,126 3,675 12,000 233 173 2,998 12.000 108 173 31,575 33,787 Independent examiner's remuneratioTr The independent examiner's remuneration for the year was £4,800 (2023 £6,000). auditorfs remuneration Page 17
RESTORE OUR PLANET (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Staff costs 2024 2023 Wages and salaries Soclal security costs Contribution to defined contribution pension schemes 104.000 3,009 1,966 104,000 6,146 1,966 108,975 112,112 The average number of persons employed by the company during the year was as follows: 2024 No. 2023 No. During the year, one Trustee, Mr P R Cole, received remuneration totalling £70,000 (2023 - £70,000} s a result of his employment with the charity. During the year, no Trustee received any benefi'ts in kind (2023 - £NIL), nor any reimbursement of expenses (2023 - £NIL). Page 18
RESTORE OUR PLANET IA company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. Tangible fixed assets Office eoulpment Cost At l Aprll 2023 1.037 At 31 March 2024 1.037 Depreciation At l Aprll 2023 1.037 At 31 March 2024 1,037 Net book value At 31 March 2024 At 31 March 2023 ii. Fixed asset investments Investments In subsidiary Unllsted companies Investments Total Cost or valuation At l April 2023 Revaluatlons 5,988,300 5,988,301 (1,057.074) (1.057,074) At 31 March 2024 4,931,226 4.931.227 Net book value At 31 March 2024 4,931,226 4,931,227 At 31 Marth 2023 5,988,300 5,988,301 Page 19
RESTORE OUR PLANET (A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 PrlncSpal subsldlarles The following was a subsidiary undertaking of the company: Name Reglstered office or Class of Holding principal place of business shares Restore U.K. rnited Elsley Court, 20-22 Great Titchfield Street, London, WIW 8BE Ordinary shares IOOO/o At 31 March 2024. the charity held 536,586 (2023 - 536,586) ordinary G shares in London & Country Mortgages Limited, an unquoted company registered in England ar)d Wales. The revaluation of the charlty's shareholding has been based on the Trustees, assessment of the value of shares having due considerdtion to a third party valuation undertaken in Ottober 2024. 12. Debtors 2024 2023 Due within one year Prepayments 124 13. Creditors: Amounts falling due withiTr one year 2024 2023 Other taxation and social security other creditors 2,585 385,380 14,759 556 350,380 16,395 Accruals 402,724 367,331 Page 20
RESTORE OUR PLANET (A company Ilmlted by guarantea) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Statement of funds Statement of funds - current year Balance at l April 2023 Income Resources Gain/(los$es) Balance at expended 31 March 2024 Unrestricted funds General funds - all funds Revaluation reserve 155,921 5,564,396 35,341 (146,943) 44,319 (1,057,074) 4,507,322 5,720,317 35,341 {146,943) (1.057,074) 4,551,641 Statement of funds - prlor year Balan at 31 March 2023 Balance at l April 2022 Income Expenditure Unrestrlcted funds General Funds - all funds Revaluation reserve 382,636 5,564,396 585,584 (812,299) 155,921 5,564,396 5,947,032 585,584 (812,299) 5,720,317 All funds are unrestricted. £44,319 (2023 £155,921) is available and £4,507,322 (2023 £5,564,396) are residing withln the revaluation reserve. Page 21
RESTORE OUR PLANET IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. Summary of funds Summary of fund$- current year Balance at l April 2023 Income Resources expended Balance at 31 March 2024 Gains/ (Losses) General fvnds 5,720,317 35,341 (146,943) (1,057,074) 4,551,641 Summary of funds - prior year Balance at 31 March 2023 Balance at l April 2022 Income Expenditure General funds 5,947,032 585,584 (812,299) 5,720,317 16. Analysis of net assets between funds Vnr•$trict•d funds 2024 Total funds 2024 Flxed asset investments Current assets Creditors due within one year 4,931,227 4.931.227 23,138 23,138 (402.724) (402,724) Total 4,551,641 4,551,641 PwJe 22
RESTORE OUR PLANET (A company limited by guaranteè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. Analy$ls of net assets between funds (Contlnuedl Analysis of net assets between funds - prior period unstrICted funds 2023 Total funds 2023 Fixed asset investments 5,988,301 5,988,301 99,347 99,347 (367,331) {367,331) Current assets Creditors due within one year Total 5,720,317 5,720,317 17. Pension ¢ommltments The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently a¢Jmlnlstered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,966 (2023 £1,966). 18. Related party transa¢tlons During the year, the charity paid a total salary of £34,000 (2023 £34,000) and pension contributions of £646 {2023 - £646) to family members of a Trustee in accordance with the terms of their employment. During the year, Mr Michael R Edge, founder and Trustee of the charity, donated £25,000 (2023 É320,000) to the charity. Included within other creditors at the balance sheet date is an amount of £385,000 (2023 £350,000) owed to companies under common control. The loans are interest-free and paYable on demand. Page 23