RESTORE IRELAND LIMITED (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Trustees present their annual report together with the financial statements of the company for the 1 April 2022 to 31 March 2023. The Annual report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confimi that the Annual report and financial statements of the charitable company comply wth the current statutory requirements, the requirements of the charitsble company's governing document and the provisions of trte Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the company qualffies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Structure, govemance and management a. Constitution Restore Ireland Limited is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 4th October 2004 under company registration number N1051940. The company is registered as a charity with the Charity Commission under the registration number NIC100278 and accepted by HMRC as a charity under the reference XR82230. b. Methods of appointment or election of Trustees The Trustees who served during the year were.. Joyce Bassett Rebekah Bassett As required on an ad hoc basis the members discuss the appointment of potential new board members for appointment to the board. Suitable people are approached and if they are wlling to serwe on the board their nomination is put forward for approval by the board. There is no maximum temi of offi￿. No new Trustees were appointed during the year. An advisory group continues to support members and Trustees in professional matters. No remuneration or expenses have been paid to the charity's Trustees during the year. Financial risk management The Board continues to regulaty rewew any major risks arising from or impacting on the activities of the charity. The Trustees are satisfied that the major risks identified have been adequately mitigated ￿ere necessary, and consider that the financial systems and controls in place are appropriate for the size of the charity and the nature of its operations. Page 2 RESTORE IRELAND LIMITED (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Plans for future periods The charity is committed to explore opportunities to build on and strengthen the scale and range of its activities consistent with its core objectives. It is hoped to maintain accommodation prices at the 2023 prices until Spring 2024 to enable as many youth groups and families on low incomes to continue to enjoy and benefit from a residential retreat. As finances permit, Gosford Centre facilities wll be improved with the repair and updating of electrical fixtures and fittings being prioritised next year. A high standard of cleaning and hygiene wll continue to be maintained. Our loyal and faithful volunteer team are invaluable in helping to keep costs low and we wll continue to support them personally and as a group. meeting together for training and fellowship. The charity wll continue to keep in contact with regular users of the centre and potential interested groups wth updates on what we can offer to support them and hopes to work more closely with like-minded community groups and charities to assist them in fulfilling their aims and objectives in whatever capacity possible. Objectives and activities a. Policies and objectives The principal objectives of the charitable company are to advance the Christian faith and biblical values through the provision of residential and conference facilities and training of volunteers in practical Christianity. Page 3 RESTORE IRELAND LIMITED (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Objectives and activities (continued) b. Activities undertaken to achieve objectives To achieve the objectives of the charity, Gosford Centre operates as budget, self-catering group accommodation for mainly youth and family groups who use the facilities as a residential retreat for education, fun, fellowship and spiritual development. The Charity promotes biblical principles and values enabling youth organisations, church, community and school groups to achieve their residential and evangelical objectives. Groups of all faiths are welcomed subject to the approval of the Trustees, in accordance wth the principal objectives of the charity. Gosford Centre's forest park location and attractions provide access to a natural environment allowing groups and individuals to benefit from relaxation and develop an enjoyment and appreciation of nature. It is hoped the spiritual growth and restoration eXperIen￿d during residential retreats wll benefit the wder public by way of people returning to their communities and families, better equipped to serve them through practicing and sharing their faith. The accommodation offers low cost, bunkhouse Style facilities in en-suite rooms and dormitories with minimum bookings of 20 people which benefits many smaller residential groups vtho find it difficult to make up higher minimum booking numbers required by larger residential centres. With the help of volunteers, the charity is able to keep the cost of staying at Gosford Centre as low as possible giving disadvantaged families and groups, who may otherwse not be able to afford it, the opportunity to benefit from a budget holiday. The Centre is managed by volunteers tho undergo training in office procedures, child protection, health and safety, property maintenance, housekeeping and welcoming and helping guests during their stays. Volunteers also meet together for bible studies, fellowship and social activities. As a result of serving others and working as a team, volunteers benefit through the development of their faith and character. They learn a range of practical, transferable skills which are relevant not only to the operation and management of residential accommodation but to the development of their capabilities in general, enabling them to become mature, responsible individuals and members of society. The charity is committed to encouraging good steNrdrdship of the environment through training of volunteers in reducing and recycling waste and through active recycling policies for visitors. The provision of accommodation to groups has grown organically over the years in relation to bookings and in response to feedback from group leaders. The facilities are promoted to the wder public through the website and by word of mouth. New contacts and enquirers are followed up to assist them in planning their event and to accommodate their needs. Viewng's of Gosford Centre are arranged for interested group leaders and kitchen staff and regular contact is maintained interested groups, churches and organisations. Trustees meet and participate in training on a regular basis to ensure that the activities fulfil the objectives of the charity and current legislats'on and best practice are achieved. Page 4 RESTORE IRELAND LIMITED (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Achievements and perfomiance Review of activities Gosford Centre was able to welcome the retum of larger group bookings during the year following the lifting of COVID-19 regulations in early 2022. Group leaders continued to be advised in line with the latest government guidance on staying safe and preventing the spread of viruses during their stay. Accommodation prices were kept low for all group bookings during 2022. A small price increase was introduced for bookings made from January 2023 due to energy costs continuing to increase. The ongoing repairs programme ensured Gosford Centre was kept in good order. Improved room cleaning checklists and instructions on timers to control the central heating encouraged groups to conserve energy and maintain efficient cleaning and sanitising throughout and at the end of their stay. The charity greatly appreciated our team of volunteers enabled us to adapt the Centre facilities and carry out essential repairs, cleaning and administration. Volunteers continued to meet onsrte and online for fellowship and as a result of serving others, benefited through the development of their faith and character. Training continued to encourage team members to maintain all prO￿dureS already in place for the continued health and safety of staff, guests and members of the public. Trustees and members continued to ensure facilities vRre safe. comfortable and compliant and that connections th other charities wth similar aims and objectives were maintained during the year.. Financial review . 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 concem basis in preparing the financial statements. Further details regarding the adoption of the going oncern basis can be found in the accounting policies. b. Reserves policy It is the policy of the board to have a level of reserves ￿lCh, in the event of a significant drop in funding, will enable them to continue the charity's current activities. It is the policy of the charitable company that unrestricted funds which have not been designated for specific use should be maintained at a level equivalent to six months expenditure. The Trustees believe that reserves at this level will ensure that, in the event of a significant drop in incoming resources, they wll be able to continue the charity's core activities while consideration is given to ways in which addib'onal funds may be raised. The charrtable company has unrestricted reserves of £156,913 {2022'. £156,110). Page 5 RESTORE IRELAND LIMITED (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Statement of Trustees. responsibilities The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees, report and the financial statements in accordance with 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 . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure. for that period. In preparing these financial statements. the Trustees are required to.. select suitsble accounting policies and then apply them consistently- observe the methods and principles of the Charities SORP (FRS 102).. make judgments and accounting estimates 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 financial statements on the going concem basis unless it is inappropriate to presume that the ompany wll continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose wtth reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply wth the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees on 25 July 2023 and signed on their behalf by.. Joyce Bassett Trustee Page 6