**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
- homes for people in York who are homeless or at risk thereof; and
- mentoring, counselling, advisory and welfare services and personal development opportunities for such persons.
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 **:**
- The housing benefit we receive through the city council has remained secure.
- The medium-term outlook for income from grants and trusts remains less predictable, due to wider economic uncertainty as a result of the pandemic. Where this relates to engagement and other noncore activities, expenditure could be reduced in response.
- Regular donations have not shown any reduction since the start of the pandemic. The Board will continue to monitor this situation.
Expenses:
- In the event of a short-term lack of funds, some spending on property maintenance could be delayed to aid cash-flow.
## **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:
- Select suitable accounting policies and then apply them consistently;
- Make sound judgements and estimates that are reasonable and prudent; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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:
- (a) **General information**
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.
- (b) **Basis of accounting**
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).
- (c) **Preparation of the financial statements on a going concern basis**
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.
- (d) **[Income recognition]**
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)**
- (e) **Donated services and facilities**
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.
- (g) **Fund accounting**
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.
- (h) **Tangible fixed assets and depreciation**
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.
- (k) **Cash at bank and in hand**
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.
- (l) **Creditors and provisions**
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.
- (m) **Financial instruments**
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.
17
**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.
18
**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
20
**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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