Registered number: NI051940 Charity number: NIC100278
RESTORE IRELAND LIMITED
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
RESTORE IRELAND LIMITED
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the company, its Trustees and advisers | 1 |
| Trustees' report | 2 - 6 |
| Independent examiner's report | 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Notes to the financial statements | 10 - 17 |
RESTORE IRELAND LIMITED
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025
| Trustees | Joyce Bassett |
|---|---|
| Rebekah Bassett | |
| Company registered number NI051940 Charity registered number NIC100278 Registered office Suite 2.06 Custom House Custom House Square Belfast Antrim BT1 3ET Company secretary J Bassett Accountants UHY Hacker Young Fitch Chartered Accountants Suite 2.06, Custom House Custom House Square Belfast Antrim BT1 3ET Bankers Danske Bank Donegall Square West Belfast Antrim BT1 6JS |
Page 1
RESTORE IRELAND LIMITED
(A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report together with the financial statements of the company for the 1 April 2024 to 31 March 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the company qualifies 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, governance 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 NI051940.
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 willing to serve on the board their nomination is put forward for approval by the board. There is no maximum term of office.
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.
c. Financial risk management
The Board continues to regularly review 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 where 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 2025
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 continue to offer accommodation at budget prices to enable as many youth groups and families on low incomes to continue to enjoy and benefit from a residential retreat.
Our loyal and faithful volunteer team are invaluable in helping to keep costs low and we will continue to support them personally and as a group, meeting together for training and fellowship.
The charity will continue to keep in contact with regular users of the centre and potential interested groups with 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
Page 3
RESTORE IRELAND LIMITED
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Objectives and activities (continued)
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.
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 with the principal objectives of the charity.
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 who find it difficult to make up higher minimum booking numbers required by larger residential centres.
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 experienced during residential retreats will benefit the wider public by way of people returning to their communities and families, better equipped to serve them through practicing and sharing their faith.
The charity is committed to encouraging good stewardship of the environment through training of volunteers in reducing and recycling waste and through active recycling policies for visitors.
The Centre is managed by volunteers who 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.
Viewings of Gosford Centre are arranged for interested group leaders and kitchen staff and regular contact is maintained with interested groups, churches and organisations. The provision of accommodation to groups has grown organically over the years in relation to bookings and in response to feedback from group leaders. New contacts and enquirers are followed up to assist them in planning their event and to accommodate their needs. The facilities are promoted to the wider public through the website and by word of mouth.
Trustees meet and participate in training on a regular basis to ensure that the activities fulfill the objectives of the charity and current legislation and best practice are achieved.
Page 4
RESTORE IRELAND LIMITED
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Achievements and performance
a. Review of activities
In 2024 we accommodated several smaller groups lower than the minimum booking requirements. We have returned to the two night stay for 20 people guideline as small groups proved to be financially unviable.
A refundable housekeeping deposit was introduced in March 2025 and has resulted in better cleaning by groups on departure. To ensure better care of the facilities, cleaning checklists were posted throughout the Centre and arrival/departure instructions were sent to groups prior to arrival.
The ongoing repairs programme ensured Gosford Centre was kept in good order which included the installation of new fire doors at the side entrance.
We continued to encourage groups to recycle waste and to follow the heating instructions to conserve energy and were pleased with the outcome.
Our team of volunteers continued to carry out essential repairs, cleaning and administration and enjoy fellowship together. Volunteers benefited through the development of their practical skills faith and character. Training continued to encourage team members to maintain all procedures already in place for the continued health and safety of staff, guests and members of the public.
Trustees and members continued to ensure facilities were safe, comfortable and compliant and that connections with other charities with similar aims and objectives were maintained during the year.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
It is the policy of the board to have a level of reserves which, 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 will be able to continue the charity's core activities while consideration is given to ways in which additional funds may be raised. The charitable company has unrestricted reserves of £152,877 (2024: £152,595).
Page 5
RESTORE IRELAND LIMITED
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
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 suitable 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 concern basis unless it is inappropriate to presume that the company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and 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 28 August 2025 and signed on their behalf by:
................................................ Joyce Bassett Trustee
Page 6
RESTORE IRELAND LIMITED
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025
Independent examiner's report to the Trustees of Restore Ireland Limited
I report on the financial statements of the company for the year ended 31 March 2025 which are set out on pages 8 to 17.
Respective responsibilities of charity Trustees and examiner
As the company's trustees (and also the directors of the company for the purpose of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the company is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008;
-
follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act; and
-
state whether particular matters have come to my attention.
Basis of independent examiner's statement
I have examined your company accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.
My examination included a review of the accounting records kept by the company and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as company trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
-
that accounting records were not kept in accordance with section 386 of the Companies Act 2006;
-
that the accounts do not accord with those accounting records;
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that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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);
-
that there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.
This report is made solely to the company's Trustees, as a body, in accordance with section 65(3)(a) of the Charities Act (Northern Ireland) 2008 and regulations made under section 66 of that Act. My work has been undertaken so that I might state to the 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 company and the company's Trustees as a body, for my work or for this report.
Signed:
Dated: 28 August 2025
Scott McCullough FCA
Chartered Accountants Ireland
UHY Hacker Young Fitch Limited WHY Hacker Young Fitch Limited Gordon Street Mews Suite 2.06, Custom House
27-29 Gordon Street Custom House Square Belfast Belfast BT1 2LG BTi 3ET
Page 7
RESTORE IRELAND LIMITED
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025
| Note Income from: Charitable activities 3 Other income 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 15,448 15 15,463 15,181 15,181 282 152,595 282 152,877 |
Total funds 2025 £ 15,448 15 15,463 15,181 15,181 282 152,595 282 152,877 |
Total funds 2024 £ 11,457 10 11,467 15,784 15,784 (4,317) 156,912 (4,317) 152,595 |
|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 10 to 17 form part of these financial statements.
Page 8
RESTORE IRELAND LIMITED (A company limited by guarantee) REGISTERED NUMBER: NI051940
BALANCE SHEET AS AT 31 MARCH 2025
| BALANCE SHEET AS AT 31 MARCH 2025 |
|||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| Note | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | 9 | 138,733 | 143,152 | ||
| 138,733 | 143,152 | ||||
| Current assets | |||||
| Cash at bank and in hand | 15,194 | 10,451 | |||
| 15,194 | 10,451 | ||||
| Creditors: amounts falling due within one | |||||
| year | 10 | (1,050) | (1,008) | ||
| Net current assets | 14,144 | 9,443 | |||
| Total assets less current liabilities | 152,877 | 152,595 | |||
| Net assets excluding pension asset | 152,877 | 152,595 | |||
| Total net assets | 152,877 | 152,595 | |||
| Charity funds | |||||
| Restricted funds | 12 | - | - | ||
| Unrestricted funds | 12 | 152,877 | 152,595 | ||
| Total funds | 152,877 | 152,595 |
The company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 28 August 2025 and signed on their behalf by:
................................................
Joyce Bassett
Trustee
The notes on pages 10 to 17 form part of these financial statements.
Page 9
RESTORE IRELAND LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. General information
Restore Ireland Limited is a private company limited by guarantee and is incorporated and registered in Northern Ireland under Company Registration Number NI051940. It is also a charity registered by the Charity's Commission NI under Charity Registration Number NIC100278.
The charitable company's registered office is situated at Suite 2.06, Custom House, Custom House Square, Belfast, BT1 3ET.
The principal objectives of the charitable company are to advance the Christian faith and biblical values.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Restore Ireland 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.
2.2 Going concern
The financial statements have been prepared on the going concern basis.
2.3 Income
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the company's accounting policies.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the company which is the amount it 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.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
Page 10
RESTORE IRELAND LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
2. Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives .
Depreciation is provided on the following bases:
| Freehold property | - 2% straight line |
|---|---|
| Fixtures and fittings | - 25% reducing balance |
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 11
RESTORE IRELAND LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
2. Accounting policies (continued)
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.9 Financial instruments
The 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.
2.10 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
3. Income from charitable activities
| Unrestricted funds 2025 £ Residential income 15,448 Unrestricted funds 2024 £ Residential income 11,457 |
Total funds 2025 £ 15,448 |
|---|---|
| Total funds 2024 £ 11,457 |
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RESTORE IRELAND LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| 4. Other incoming resources Bank interest Bank interest 5. Analysis of expenditure on charitable activities Summary by fund type Advance the Christian faith & biblical values Advance the Christian faith & biblical values |
Unrestricted funds 2025 £ 15 Unrestricted funds 2024 £ 10 Unrestricted funds 2025 £ 15,181 Unrestricted funds 2024 £ 15,784 |
Total funds 2025 £ 15 Total funds 2024 £ 10 Total 2025 £ 15,181 Total 2024 £ 15,784 |
|---|---|---|
Page 13
RESTORE IRELAND LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. Analysis of expenditure by activities
| Advance the Christian faith & biblical values Advance the Christian faith & biblical values Analysis of support costs Depreciation Repairs & maintenance Bank charges Insurance Heat & light Sundry expenses Water charges Computer costs Governance costs Total 2025 7. Independent examiner's remuneration Fees payable to the company's independent examiner for the independent examination of the company's annual accounts |
Support costs 2025 £ 15,181 Support costs 2024 £ 15,784 Total funds 2025 £ 4,419 3,270 44 3,375 2,364 33 501 125 1,050 15,181 2025 £ 1,050 |
Total funds 2025 £ 15,181 Total funds 2024 £ 15,784 |
|---|---|---|
| Total funds 2024 £ 4,480 4,516 51 3,171 1,935 28 476 119 1,008 15,784 |
||
| 2024 £ 1,008 |
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RESTORE IRELAND LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .
During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL) .
9. Tangible fixed assets
| Cost or valuation At 1 April 2024 At 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 10. Creditors: Amounts falling due within one year Accruals and deferred income |
Freehold property £ 211,852 211,852 69,428 4,237 73,665 138,187 142,424 |
Fixtures and fittings £ 47,854 47,854 47,126 182 47,308 546 728 2025 £ 1,050 |
Total £ 259,706 259,706 |
|---|---|---|---|
| 116,554 4,419 120,973 |
|||
| 138,733 143,152 2024 £ 1,008 |
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RESTORE IRELAND LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
11. Financial instruments
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 15,194 | 10,451 |
Financial assets measured at fair value through income and expenditure comprise cash and cash equivalents.
12. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds - all funds Statement of funds - prior year Unrestricted funds General Funds |
Balance at 1 April 2024 £ 152,595 Balance at 1 April 2023 £ 156,913 |
Income £ 15,463 Income £ 11,466 |
Expenditure £ (15,181) Expenditure £ (15,784) |
Balance at 31 March 2025 £ 152,877 Balance at 31 March 2024 £ 152,595 |
|---|---|---|---|---|
13. Summary of funds
Summary of funds - current year
| Balance at | ||||
|---|---|---|---|---|
| Balance at 1 | 31 March | |||
| April 2024 | Income | Expenditure | 2025 | |
| £ | £ | £ | £ | |
| General funds | 152,595 | 15,463 | (15,181) | 152,877 |
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RESTORE IRELAND LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
13. Summary of funds (continued)
Summary of funds - prior year
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at | 31 March | ||||
| 1 | April 2023 | Income | Expenditure | 2024 | |
| £ | £ | £ | £ | ||
| General funds | 156,913 | 11,466 | (15,784) | 152,595 |
14. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2025 £ Tangible fixed assets 138,733 Current assets 15,194 Creditors due within one year (1,050) Total 152,877 |
Total funds 2025 £ 138,733 15,194 (1,050) 152,877 |
|---|---|
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2024 £ 143,152 10,451 (1,008) 152,595 |
Total funds 2024 £ 143,152 10,451 (1,008) 152,595 |
|---|---|---|
15. Related party transactions
There were no related party transactions in the year.
16. Controlling party
The ultimate controlling party is the Board of Trustees.
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