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2020-12-31-accounts

providing homes, giving hope

RESTORE (YORK) LIMITED (a company limited by guarantee)

Annual Report and Financial Statements for the year ended 31 December 2020 UNAUDITED

Company number 07456780 Charity number 1143678

RESTORE (YORK) LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

Contents Pages
Directors’ and trustees’ annual report 3 – 7
Statement of financial activities 8
Balance sheet 9
Notes forming part of the financial statements 10 – 19
Independent examiner’s report 20
Additional information 21

2

RESTORE (YORK) LIMITED DIRECTORS’ AND TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees (who are also the directors of the charity for company law purposes, and whose details are shown in the reference and administrative section of this report) are pleased to present their annual report together with the financial statements of the charity for the year ended 31 December 2020.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The charity is a public benefit entity.

Objectives and Activities

Purpose and aims

Restore (York) Ltd is a charity working to relieve homelessness and to provide support and mentoring for vulnerable people in the City of York.

Our charity’s purposes as set out in the objects contained in the company’s memorandum of association are, as an expression of Christian faith, to provide

The charity was formed with the idea that it would expand its work until it had helped to eradicate homelessness in York. We aim to provide homes without prejudice or favour.

Our vision is for a York where everybody has a home, where those who have been homeless before are rebuilding their lives, and where the city works together to beat the underlying causes of homelessness.

The trustees believe they have complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission in respect of public benefit.

Our residents

Potential residents are referred to us by front line agencies, churches and individuals in the city. Each person is interviewed and if they are suitable for a tenancy with us their application is put into an allocations pool awaiting a suitable vacancy. Where possible the applicant is also given an estimate of when we hope to house them. A support plan is drawn up with them when they move in and they have regular visits from our staff and volunteers.

What is special about Restore is that we are not offering people temporary shelter or short-term accommodation. We are offering them a home. It is theirs for as long as they need it provided they comply with the terms of their tenancy. Restore isn’t just about putting a roof over someone’s head. The hard work starts in the days and weeks after someone has moved into their new home. We strive to provide an environment which helps people make positive changes to their lives and the support to make those changes last. Sometimes this is a slow process and requires great patience, but it is always encouraging to see people beginning to enjoy a brighter future.

Since the inception of Restore we have provided accommodation and support to more than 200 people who would otherwise have been homeless.

3

RESTORE (YORK) LIMITED DIRECTORS’ AND TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Objectives and Activities – continued

Our properties

At the end of the reporting period we provided accommodation for thirty-five people in nine houses across the city. All our properties offer supported accommodation. At the time of writing, in June 2021, we are seeking our tenth house.

Our ethos

We are a charity based on faith and closely linked to several churches in York. The guidance of Christian friends and personal faith provided the initial spark that brought the board of trustees together. In the future, we aim to expand based on faith, good practice, efficient management and generosity.

Achievements and Performance

Principle funding sources

The charity’s primary source of income is rental income received from its residents. Given the nature of our residents, most of this is received directly from City of York Council in the form of housing benefits, though residents are required to pay a small top up and a contribution towards the cost of utilities. Residents in paid employment pay rent direct to us as they qualify for a reduced rate of housing benefit or possibly none.

The charity is also grateful for the generosity of individuals, churches and other organisations who have and continue to contribute significant amounts of time and money to enable the vision of the trustees to be turned into a reality. Thanks goes particularly to those givers who have pledged regular monthly donations.

The charity is registered as such for tax purposes. This enables us to take part in the Gift Aid scheme thus increasing giving by 25% for basic rate taxpayers. Many of our existing donors have already signed up to this scheme.

Exempt accommodation status

As our residents are provided with supported housing, we are recognised by the City of York Council as what is known as a provider of ‘exempt’ accommodation. This means that housing benefits are increased to a higher level to cover some of the additional costs of providing accommodation to residents who need additional support to maintain their tenancy. The total rental income received, including residents' top up, therefore covers not only the cost of our head-lease but also many of our other property specific costs such as repairs & maintenance and depreciation of fixed assets.

This enables us to use most of the donations we receive to cover the cost of providing other support to our residents and to fund the works needed to get additional properties ready for new residents.

Financial review and plans for future periods

Financial review

Income increased by 26% during the year to £474,418 (2019 - £375,466), and expenditure increased by 6% to £384,360 (2019 - £362,586). This resulted in net income (surplus) of £90,058 (2019 – 12,880).

Donations and legacies increased during the year by £2,850, and income from charitable activities increased by £96,860. Expenditure on charitable activities increased overall by £32,086.

4

RESTORE (YORK) LIMITED DIRECTORS’ AND TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Financial review and plans for future periods- continued

Financial Impact Assessment Relating to COVID-19

At the end of March 2021 our unrestricted reserves stood at around 4 months of typical expenditure.

Income Sources :

Expenses:

Resident engagement

We improve the level of resident engagement by partnering with organisations across the city which provide residents with opportunities to engage in a range of educational, therapeutic and social activities designed to enhance their life skills and employment opportunities. Much of this work has been funded through successful grant applications.

Staff

At the end of the reporting period the charity employed a chief executive, a senior housing manager, an administrator, and five housing support officers: a total of eight people, two of them part time.

In 2018 we engaged the services of consultant, funded by the Lloyds Bank Foundation, to assist the board and staff with our future development and management. We initiated plans for growth and some staff restructuring, which led to the creation of a chief executive post. We had a change of chief executive in 2020, with the previous post-holder departing in summer to pursue church ministry, and the new chief executive starting in October 2020.

In late 2020, we appointed a fundraising and marketing officer, with a start date of January 2021. Since the completion of the reporting period for this report, but prior to the report being written, that employee left Restore again and we are considering our next steps in this area.

Fundraising

The charity recognises the importance of both large-scale grant funding and regular supporter donations and is currently working towards the creation of new staff roles to help maximise income.

5

RESTORE (YORK) LIMITED DIRECTORS’ AND TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Structure, Governance and Management

Governing document

Restore is a charitable company limited by guarantee, incorporated in December 2010 and registered as a charity in September 2011. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed by its Articles of Association. In the event of it being wound up its members are each required to contribute an amount not exceeding £10.

Recruitment and appointment of trustees

The directors of the company are also trustees of the charity and together form the board. The members of the board are chosen for the skills they bring and their experience or empathy for the objectives of the charity. We can also co-opt members who bring certain skills to the charity or invite people on an advisory basis to meetings when issues outside of the scope of the board are being discussed. Members of the board are chosen from local churches and are expected to have an active Christian faith. In 2019, one new trustee was appointed, and a new chair was appointed from within the board. Since the end of the reporting period, but at the time of writing, one trustee has stepped down.

All trustees give their time voluntarily and received no benefits from the charity during the financial year.

Risk management

The trustees regularly review the major risks to which the charity is exposed. Procedures have been established to manage those risks.

Reserves policy

The trustees have examined the charity’s requirements for reserves in the light of the main risks to the organisation. As noted above, property specific costs are largely covered by the rental income received. This is true even after allowing for a prudent level of void periods when individual rooms may temporarily be empty. Therefore, the trustees have established a policy whereby the unrestricted funds not committed to readying new properties for residents to move into should wherever possible be a minimum of three months of non-property specific costs.

Reference and administrative information

Charity name Restore (York) Limited Charity registration number 1143678 Company registration number 07456780 Registered office & The Flat principal business premises Gateway Centre Front Street Acomb, York YO24 3BZ

6

RESTORE (YORK) LIMITED DIRECTORS’ AND TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Reference and administrative information (continued)

Trustees

Gavin Aitchison (Chair) Benjamin Spedding (Treasurer) Tony Holmes Jane Lewis Gareth Sands Barrie Stephenson Penny Hutchinson (appointed September 2020) Gerard Murrary (resigned January 2021)

Bankers

Co-operative Bank

PO Box 250 Delf House Southway Skelmersdale WN8 6WT

Independent examiner

Sarah Wearing, FCA, DChA

HPH, Chartered Accountants 54 Bootham York YO30 7XZ

Directors’ and trustees’ responsibilities in relation to the financial statements

Company law requires the directors/trustees to prepare financial statements that give a true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or deficit for the financial year. In doing so the trustees are required to:

The directors/trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enables them to ensure that the financial statements comply with the Companies Act 2006 and applicable charity law. The directors/trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Exemption

This report has been prepared in accordance with the special provisions of the Companies Act 2006 applicable to small companies.

Approved by the board of trustees on 11 August 2021 and signed on its behalf by:

Gavin Aitchison, chair

7

RESTORE (YORK) LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted
Funds
Notes
£
Income
Donations and legacies
2
67,531
Income from charitable activities
3
320,237
Income from other activities
100
Total income
387,868
Expenditure
Charitable activities
4
302,926
Costs of generating funds
5
-
Total expenditure
302,926
6
84,942
Reconciliation of funds
Total funds brought forward
48,134
Total funds carried forward
133,076
Net income/(expenditure) and
net movement in funds for the
year		 Restricted
Funds
£
86,550
-
-
86,550
75,514
5,920
81,434
5,116
47,971
53,087		 2020
2019
£
£
154,081
151,231
320,237
223,377
100
858
474,418
375,466
378,440
346,354
5,920
16,232
384,360
362,586
90,058
12,880
96,105
83,225
186,163
96,105
Total Funds		 2020
2019
£
£
154,081
151,231
320,237
223,377
100
858
474,418
375,466
378,440
346,354
5,920
16,232
384,360
362,586
90,058
12,880
96,105
83,225
186,163
96,105
Total Funds
375,466
346,354
16,232
362,586
12,880
83,225
96,105

The statement of financial activities includes all gains and losses recognised in the year. All income income and expenditure derive from continuing activities.

The notes on pages 10 to 19 form part of these financial statements.

8

RESTORE (YORK) LIMITED BALANCE SHEET AS AT 31 DECEMBER 2020

Notes
Fixed Assets
Tangible fixed assets
10
Current Assets
Debtors
11
Cash at bank
Total Current Assets
Creditors
:Amounts falling due
within one year
12
Net Current Assets
Net Assets
The funds of the charity:
Unrestricted income funds
15
Restricted income funds
15		 2020
£
10,492
171,224
181,716
(1,387)		 2020
£
5,834
180,329
186,163
133,076
53,087
186,163		 Company Number: 07456780
2019
2019
£
£
7,796
9,770
83,025
92,795
(4,486)
88,309
96,105
48,134
47,971
96,105

For the year ended 31 December 2020, the charitable company was entitled to exemption from an audit under section 477 of the Companies Act 2006.

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with section 476 of the Act.

The directors/trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

Approved by the Board of Trustees on 11 August 2021 and signed on its behalf by:

………………………………

Benjamin Spedding, treasurer

The notes on pages 10 to 19 form part of these financial statements.

9

RESTORE (YORK) LIMITED NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

The Charitable Company is a private company limited by guarantee, which is incorporated and registered in England and Wales (no. 07456780).

The address of its registered office is The Gateway Centre, Front Street, Acomb, York, YO24 3BZ.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Restore (York) Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

The charity has cash resources and has no requirement for external funding. The directors and trustees have carried out a financial impact assessment relating to Covid-19 as noted in their report and they have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accounting is appropriate in preparing the financial statements.

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Voluntary income received by way of donations and gifts is included in full in the Statement of Financial Activities when receivable.

Rental income and resident service charges are included in full in the Statement of Financial Activities when receivable.

10

RESTORE (YORK) LIMITED NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. Accounting policies (continued)

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised, reference to the Trustees’ Annual Report provides more information about their contribution.

On receipt, donated professional services and donated facilities are recognised at the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

(f) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity including the costs of the independent examination of these financial statements.

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Fixed assets are stated at cost less accumulated depreciation. All fixed assets are capitalised regardless of their cost. Depreciation is provided at rates calculated to write off the cost of each asset of its expected useful life, which in all cases is estimated at three years.

Fixed assets given for use by the charity are recognised within the relevant fixed asset category when receivable. Such gifts in kind are initially recognised at their fair value being the price that the charity estimates it would have had to pay in the open market for an equivalent item. They are subsequently depreciated in a manner consistent with other fixed assets.

11

RESTORE (YORK) LIMITED NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. Accounting policies (continued)

(i) Operating leases

All leasehold properties are held under operating leases. The relevant annual rentals are charged wholly to the income and expenditure account.

(j) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and cash 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 similar account.

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2. Income from donations and legacies

2020 2019
£ £
Cash 147,048 146,126
Gift aid 7,033 5,105
Total 154,081 151,231

Total donations and legacies of £154,081 (2019: £151,231) included £67,531 (2019: £66,331) that related to unrestricted funds and £86,550 (2019: £84,900) that related to restricted funds.

Restricted funds received in the year consisted of £25,000 received from Lloyds Foundation, £23,000 received from The Henry Smith Charity, £9,100 received from the Awards for All Fund, £5,000 received from the Vardy Foundation, £5,000 received from the Albert Hunt Trust, £3,000 received from the Souter Trust, £3,000 received from Jane Wright, £2,000 received from Sylvia and Colin Shepherd, £2,000 received from Norman Collinson, £2,000 received from Colliers, £2,000 received from COVID Emergency Fund, £1,000 received from Hillards, £1,000 received from Persimmon, £500 received from the Dispensary Fund, £500 received from HDH Wills. £500 received from YFCAST, £400 received from Neighbourly, £300 received from Arlish and Chambers, and £250 received from the Fitton Trust.

12

RESTORE (YORK) LIMITED NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

3. Income from charitable activities

Rental income and resident service charges

2020 2019 £ £ 320,237 223,377

All income from charitable activities related to unrestricted funds in both accounting years.

4. Total expenditure on charitable activities

Unrestricted Restricted Total Total
Funds Funds 2020 2019
£ £ £
Staff costs 104,036 43,400 147,436 123,264
Rent of properties 106,632 - 106,632 89,702
Utilities 29,703 - 29,703 23,678
Depreciation 5,562 - 5,562 9,185
Repairs & maintenance 19,956 16,597 36,553 40,950
Council tax 12,862 - 12,862 11,399
Rent of office space 6,300 - 6,300 6,250
Petrol - - 2,685
Insurance 3,014 - 3,014 1,908
Governance costs 1,110 - 1,110 1,320
Consultancy & legal costs 1,279 - 1,279 239
Miscellaneous costs 12,472 15,517 27,989 35,774
Total 302,926 75,514 378,440 346,354

£59,225 of expenditure on charitable activities related to restricted funds in 2019.

Governance costs included in the above total expenditure are made up as follows:

2020 2019
£ £
Fee for independent examination 555 660
Accountancy 555 660
Total governance costs 1,110 1,320
Total costs of generating funds
2020 2019
£ £
Staff costs 5,920 16,232

5. Total costs of generating funds

Staff costs

Total costs of generating funds of £5,920 (2019: £16,232) related to restricted funds.

6. Net income/(expenditure) for the year

This is stated after charging:

Net income/(expenditure) for the year
This is stated after charging:
2020 2019
£ £
Operating lease rentals 106,632 89,702
Depreciation 5,562 9,185
Fee for independent examination 555 660
Accountancy services 555 660

13

RESTORE (YORK) LIMITED NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

7. Staff costs and emoluments

Staff costs and emoluments
2020 2019
£ £
Salaries and wages 143,580 129,615
Pension contributions
Employers national insurance contributions		 6,097
2,607		 6,685
2,180
Fees 1,072 1,016
153,356 139,496

No employee received emoluments of more than £60,000 (2019 - None).

The average number of staff employed during the year was 8 (2019 - 8).

Since 1 June 2016, the charity has operated an ‘auto enrolment’ pension scheme. This defined contribution scheme is available to all employees.

The key management personnel of the charitable company comprise solely the trustees; there were no employed key management personnel (2019 - None).

8. Trustee remuneration & related party transactions

No trustees received any remuneration or had any travel costs reimbursed during the year (2019 - None).

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year (2019 - None).

There were no other related party transactions to disclose.

9. Taxation

As a charity, Restore (York) Limited is exempt from tax on income and gains falling within sections 466 to 493 of the Corporation Tax Act 2010 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

10. Tangible fixed assets

Cost
Additions
At 31 December 2020
Accumulated depreciation
Charge for year
At 31 December 2020
Net book value
Net book value brought forward
Brought forward 1 January 2020
Brought forward 1 January 2020		 Office
equipment
£
11,671
2,527
14,198
10,747
1,633
12,380
1,818
924		 Furniture
£
63,331
1,073
64,404
56,459
3,929
60,388
4,016
6,872		 Total
£
75,002
3,600
78,602
67,206
5,562
72,768
5,834
7,796

14

RESTORE (YORK) LIMITED NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

11. Debtors

Debtors
2020 2019
£ £
Accrued income - Gift Aid
Trade debtors - rent & resident service charges receivable		 2,984
7,036
 3,066
5,105
Other debtors and prepayments 472 1,599
Total 10,492 9,770
All debtors related to unrestricted funds in both accounting years.
Creditors: amounts falling due within one year
2020 2019
£ £
Accruals and other creditors 1,387 4,486

12. Creditors: amounts falling due within one year

All creditors related to unrestricted funds in both accounting years.

13. Leasing commitments

The minimum annual leases payments to which the company was committed under non-cancellable operating leases as at the year-end were as follows:

The minimum annual leases payments to which the com
operating leases as at the year-end were as follows:		 pany was comm itted under
2020 2019
£ £
On property leases expiring in less than one year - -
On property leases expiring between one and five years 305,343 485,155
305,343 485,155

14. Analysis of net assets between funds

General Designated Restricted Total
funds funds funds funds
£ £ £ £
Tangible fixed assets - 5,834 - 5,834
Current assets 128,629 - 53,087 181,716
Current liabilities (1,387) - - (1,387)
Net assets at 31 December 2020 127,242 5,834 53,087 186,163
General Designated Restricted Total
funds funds funds funds
£ £ £ £
Tangible fixed assets 719 1,786 5,291 7,796
Current assets 50,115 - 42,680 92,795
Current liabilities (4,486) - - (4,486)
Net assets at 31 December 2019 46,348 1,786 47,971 96,105

15

RESTORE (YORK) LIMITED NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

15. Movement in funds

Unrestricted funds
General funds
Designated funds
Restricted funds
Garfield Weston
Feoffees
Oliver Borthwick
Holbeck Trust
Vardy Foundation
Arlish and Chambers
Colliers
COVID Emergency
Dispensary Fund
HDH Wills
Hillards
Jane Wright
Neighbourly
Norman Collinson
Normanby Trust
Persimmon
Souter Trust
YFCAST
Total funds (2020)
Awards For All Fund
Tesco Groundwork UK
Sylvia and Colin Shepherd
Charles and Elsie Sykes
Hilden Trust
Joseph Rowntree Foundation
Albert Hunt Trust
Lloyds Foundation
Fitton Trust
Henry Smith
Green Pastures
Parish Estate Charity		 Brought
forward
£
46,348
1,786
48,134
-
90
-
15,332
103
50
14
17
89
18,751
1,000
1,559
1,771
37
500
6,708
1,950
-
-
-
-
-
-
-
-
-
-
-
-
-
47,971
96,105
 Income
£
387,188
680
387,868
9,100
-
250
23,000
-
-
-
-
5,000
25,000
2,000
-
-
-
-
5,000
300
2,000
2,000
500
500
1,000
3,000
400
2,000
1,000
1,000
3,000
500
86,550
474,418		 Expenditure
£
(297,364)
(5,562)
(302,926)
(3,001)
-
-
(22,984)
(76)
-
-
-
(2,914)
(26,336)
(850)
(1,559)
(953)
(37)
(193)
(8,868)
(1,950)
(139)
(1,136)
(1,905)
(84)
(500)
(152)
(1,999)
(281)
(1,006)
(11)
(1,000)
(3,000)
(500)
(81,434)
(384,360)		 Transfers
£
(8,930)
8,930
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 At 31 Dec
2020
£
127,242
5,834
133,076
6,099
90
250
15,348
27
50
14
17
2,175
17,415
2,150
-
818
307
2,840
-
161
864
95
416
-
848
1,001
119
994
989
-
-
-
53,087
186,163

The transfers in the year represent unrestricted income being used on capital items.

Designated funds

The only designated fund is the fixed assets fund, which is used to track the value of assets in the charity.

16

RESTORE (YORK) LIMITED NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

15. Movement in funds (continued)

Restricted funds

The Awards For All Fund is used to cover the setting-up costs of new properties and improvements to Tesco Groundwork Fund is used to fund the charity’s allotment.

The Fitton Trust Fund is used to fund resident engagement activities.

The Henry Smith Fund is used to fund salaries.

The Green Pastures Fund is used to fund resident engagement activities. The Parish Estate Charity Fund is used to fund resident engagement activities. The Hilden Trust Fund is used to fund engagement activities, including salaries. The Joseph Rowntree Foundation Fund is used to fund resident engagement activities. The Albert Hunt Trust Fund is used to fund engagement activities, including salaries. Lloyds Foundation Fund is used to fund the development officer’s salary.

The Sylvia and Colin Shepherd Fund is used to fund engagement activities, including salaries.

The Garfield Weston Fund is used to fund engagement activities, including salaries. The Feoffees Fund is used to fund resident engagement activities. The Oliver Borthwick Fund is used to fund resident engagement activities. The Holbeck Trust Fund is used to fund resident engagement activities. The Vardy Foundation Fund is used to fund moving costs. The Charles and Elsie Sykes Fund is used to fund resident engagement activities. Arlish and Chambers is used to fund resident engagement. Colliers is used to fund resident engagement. COVID Emergency Funding is used to fund expenditure made necessary by the COVID-19 pandemic. Dispensary Fund is used to fund gym membership or other health and well-being engagement for reside HDH Wills is used is fund resident engagement.

Hillards is used to fund resident engagement. Jane Wright is used to fund resident engagement. Neighbourly is used to fund expenditure made necessary by the COVID-19 pandemic. Norman Collinson is used to fund resident engagement. Normanby Trust is used to fund resident engagement. Persimmon is used to fund resident engagement. Souter Trust is used to fund resident engagement. YFCAST is used to fund resident engagement.

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RESTORE (YORK) LIMITED NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

15. Movement in funds (continued)

Comparative year

Comparative year
Unrestricted funds
General funds
Designated funds
Restricted funds
Garfield Weston
Feoffees
Oliver Borthwick
Holbeck Trust
Vardy Foundation
Total funds (2019)
Joseph Rowntree
Liz and Terry Brammall
Albert Hunt Trust
Lloyds Foundation
Sylvia and Colin
Charles and Elsie Sykes
Hilden Trust
Awards For All Fund
Tesco Groundwork UK
Umbrella Trust
W L Pratt
Fitton Trust
Henry Smith
Green Pastures
Parish Estate Charity
Beatrice Hankey		 Brought
forward
£
43,938
759
44,697
3,200
90
2
500
3
11,900
750
50
20
255
17
2,401
3,755
14,585
1,000
-
-
-
-
-
-
38,528
83,225		 Income
£
288,086
2,480
290,566
-
-
-
-
300
23,000
100
-
-
-
-
-
-
25,000
1,000
13,000
4,000
4,000
500
10,000
4,000
84,900
375,466		 Expenditure
£
(285,676)
(1,453)
(287,129)
(3,200)
-
(2)
(500)
(303)
(19,568)
(747)
-
(20)
(241)
-
(2,401)
(3,666)
(20,834)
(1,000)
(11,441)
(2,229)
(3,963)
-
(3,292)
(2,050)
(75,457)
(362,586)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 At 31 Dec
2019
£
46,348
1,786
48,134
-
90
-
-
-
15,332
103
50
-
14
17
-
89
18,751
1,000
1,559
1,771
37
500
6,708
1,950
47,971
96,105

Designated funds

The donated fixed assets fund is used to track the value of assets donated to the charity.

Restricted funds

The Awards For All Fund is used to cover the setting-up costs of new properties and improvements to Tesco Groundwork Fund is used to fund the charity’s allotment.

The Umbrella Trust Fund is used to fund resident engagement activities.

The W L Pratt Fund is used to fund resident engagement activities.

The Fitton Trust Fund is used to fund resident engagement activities. The Henry Smith Fund is used to fund salaries.

The Green Pastures Fund is used to fund resident engagement activities.

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RESTORE (YORK) LIMITED NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

15. Movement in funds (continued)

The Parish Estate Charity Fund is used to fund resident engagement activities. The Beatrice Hankey Fund is used to fund resident engagement activities.

The Hilden Trust Fund is used to fund engagement activities, including salaries. The Joseph Rowntree Foundation Fund is used to fund resident engagement activities. The Liz and Terry Brammall Fund is used to fund engagement activities, including salaries. The Albert Hunt Trust Fund is used to fund engagement activities, including salaries. Lloyds Foundation Fund is used to fund the development officer’s salary.

The Sylvia and Colin Shepherd Fund is used to fund engagement activities, including salaries. The Garfield Weston Fund is used to fund engagement activities, including salaries.

16. Comparative Statement of Financial Activities

Income
Donations and legacies
activities
Income from other activities
Total income
Expenditure
Charitable activities
Costs of generating funds
Total expenditure
Reconciliation of funds
Total funds brought forward
Total funds carried forward
Net income/(expenditure)
and net movement in funds
for the year		 Unrestricted
Funds
£
66,331
223,377
858
290,566
287,129
-
287,129
3,437
44,697
48,134		 Restricted
Funds
£
84,900
-
-
84,900
59,225
16,232
75,457
9,443
38,528
47,971		 2019
151,231
223,377
858
375,466
346,354
16,232
362,586
12,880
83,225
96,105
Total		 2018
128,015
188,050
245
Funds
316,310
313,940
9,188
323,128
(6,818)
90,043
83,225

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RESTORE (YORK) LIMITED INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RESTORE (YORK) LIMITED

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020.

This report is made solely to the charitable company’s trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and the charitable company’s trustees as a body in accordance with section 154 of the Charities Act 2011. My independent examiner’s work has been undertaken so that I might state to the charitable company’s trustees those matters I 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 charitable company, the charitable company’s members as a body and the charitable company’s trustees as a body for my independent examiner’s work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the 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 fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

I have no concerns 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 understanding of the accounts to be reached.

Sarah Wearing, FCA, DChA HPH, Chartered Accountants, 54 Bootham, York, YO30 7XZ

11 August 2021

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RESTORE (YORK) LIMITED ADDITIONAL INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2020

Keep in touch Visit our website www.restoreyork.co.uk.

The charity also has a Facebook page www.facebook.com/RestoreYork and a Twitter account (@restoreyork) to update and interact with its supporters.

On line donations can be made via www.totalgiving.co.uk/donate/restore-york-limited

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