**Restore Community Projects SCIO** **Trustees’ Annual Report and Accounts: For the period 01 April 2021 to 31 March 2022** Restore Community Projects operates within Dumfries and Galloway in the South of Scotland . It is incorporated as a SCIO. The charity has income below £250,000 and as such is eligible to prepare its accounts on a Receipts and Payments Basis. The governing document does not require the charity to prepare fully accrued accounts and neither does it require an audit. It was incorporated as a SCIO in January 2012 # **Restore Community Project SCIO** **Scottish Charity No – SC042841** # **Annual Report and Financial Statements For the year ended 31 March 2022** ## **Trustees’ Annual Report** ## **For the year ended 31 March 2022** The trustees have pleasure in presenting their report together with the financial statements for the year ended 31 March 2022 ## **Reference and Administrative Information** **Charity name** Restore community Project SCIO **Charity no** SC042841 ## **Structure, Governance and Management** ## **Constitution** The Charity is a Scottish Charitable Incorporated Organisation (a SCIO). It was registered in January 2012. The charity was previous known as Nithsdale furniture Project, a single tier Scio. The charities name was changed to Restore community Projects in April 2018 and its constitution changed to reflect our wider initiatives; our governance changed to to that of a Tier 2 Scio and as such it is the membership of the organisation that appoint trustees and have all decision making powers ## **Appointment of trustees** The management committee, which normally meets last Wednesday of each alternative month,are the charity’s trustees. Membership of the management committee is open to all Users of our services. Trustees are elected at the annual general meeting which is held in December. There must be a minimum of four and a maximum of eight trustees. ## **Objectives and Activities** ## **3 The organisation is established for charitable purposes only, and in particular, the objects are:** ## **3.1 To relieve poverty by providing free or low cost recycled furniture to those in need by means of homelessness or income based deprivation** ## **3.2 To relieve those in need by reason of financial hardship by furnishing their homes with recycled furniture and refurbished electrical goods, enabling them to sustain their tenancies.** ## **3.3 To advance environmental protection by reducing landfill waste and preserving resources by reusing disposed-off' furniture and textiles and other such landfill waste not exclusive to households** ## **3.4 To advance community development and citizenship by offering volunteer opportunities and training** ## **Charitable purposes** ## **(f) - The advancement of citizenship or community development (including rural or urban regeneration and the promotion of civic responsibility, volunteering, the voluntary sector or the effectiveness or efficiency of charities)** **(m) - The advancement of environmental protection or improvement.** **(n) -The relief of those in need by reason of age, ill-health, disability, financial hardship or other disadvantage (including relief given by the provision of accommodation or care). Activities** ## **Achievements and Performance** We decided to close our main shop in the town centre as we felt that the covid period had thrown up too many unexpected circumstances like non returning volunteers, lack of capital to invest in sales and a massive downturn in customers. We are encouraged to see that other agencies are adequately providing household goods at affordable prices. ## **We have partnered with Alive Radio, a fellow Scio, which have now applied and been provisionally granted community asset transfer of Shirley Rd premises. We are progressing on our intention to operate a men's shed and build on our social housing aspirations.** ## **Financial review** Our main source of funding was surplus income and Covid funding from the council and HMRC for part wages. will no longer remain a paid Employee for the new financial year: 2022-23 Except for Government covid funding, our income is seriously down last year: This has given us the opportunity to reflect and restructure our charity and has opened up opportunities to partner with other organisation. **Assets:** We no longer have any meaningful assets due to the disposal of our large shop premises ## **Reserves policy** The trustees’ policy is to retain 2 months worth of normal running costs, previously (£1200) in order to meet commitments and to cover any unexpected expenditure. The trustees believe that this is still in an acceptable range but will continue to monitor the position. ## **Plans for future period** The trustees decided that there is more than enough furniture projects better resourced and supported to provide furniture to those that have crises needs, therefore we have discontinued furniture and household goods. After giving consideration to our constitution, and in particular: Clause 4.5 _To relieve those in need by reason of age, ill-health, disability, financial hardship or other disadvantage by providing food bank facilities and associated training,guidance, help and support to address the conditions the lead to financial hardship and food poverty. (Also including relief given by the provision of accommodation or care)_ We have partnered with a local landlord to manage several properties In order to provide support and accommodation: we are acutely aware of the dire shortage of student accommodation, particularly of students from overseas. We hope to be able to expand to those that seek accommodation after coming out of a homelessness situation or are classed as vulnerable. Due to the vulnerability of many of our clients we believe we are best suited to offer advice on tenancy issues ( SALtrained staff) to those that seek accommodation and those already in accommodation. The above statement continues to be true and that a partnership has been entered into provide accommodation. We hope that we will be able to generate a revenue in the coming year for management services. We are actively seeking to become a social enterprise that provides accommodation by working in partnership with local authorities and private sector landlords, universities, collages and NHS. APPENDIX 1 other optional information Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the chartty's trustees Signaturelsl Full name{sl Position {e.g. Chair) Trnsttt Date 1610112023 ## **Statement of Balances as at 31 March 2022** ||**Unrestricted Restricted Total Total**| |---|---| ||**Funds Funds 2022 2021**| |Opening cash at bank and in hand 11165 11165 1424|| |Surplus/deficit for year|9722 9722 9741| |Closing cash at bank and in hand|1443 1443 11165| |**Bank and cash balances**|| |Bank deposit account
|**1443 1443 11165**| |**Other assets**|| |It Equipment (tills)|200 200 400| |Stock|0 0 1000| |**Total**|**200 1400**| |**Liabilities**|| |Independent verifier|60 60 60| |Wages|0 0 13500| ## **Statement of Receipts and Payments or the year ended 31 March 2022** **Unrestricted Restricted Year Ended Period Funds Funds 31/03/2022 31/03 2021 Receipts Grants** 7000 14400 21400 41700 Bank interest 16 16 18 **Receipts from charitable activities** Sales 600 600 12328 ------------------------- ------------------ ------------------ ----------------------------------------- - ----------------- ------------------- ---------------Total Receipts 7616 14400 22016 54046 **Payments** Cost of charitable Activities 32977 32977 44245 Governance costs 60 60 60 --------------- -------------- ----------------------------- --------------- --------------- **Total payments 33037 33037 44305** Surplus/Deficit for the year (9722) (9722 ) 9741 Transfer between funds Surplus/Deficit for year (9722 ) (9722 ) 9741 ## **Notes to the accounts - for the year ended 31 March 2022** ## **1 Basis of accounting** These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) ## **2 Nature and purpose of funds** Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity. The trustees maintain a single unrestricted fund for the day-to-day running of the project. Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes. During the year the charity received Grants of 4,500 for loss of income and to pay towards the cost of flood prevention. ## **3 Related party transactions** The projects insurance policy includes employee liability Insurance for all its volunteers and trustees. No other remuneration was paid to the trustees or any connected persons during the year (2022:Nil) ## **4 Donations** |**5 Grants received**
Dumfries and Galloway Covid payments
HMRC JRS Payments|**Unrestricted**
**Funds**
**0**
**Unrestricted**
**Funds**
7000

7000|**Restricted**
|

|**Total**
|**Total**
~~**2021**~~
**0**
**Total**
**2021**
37000
4700
41700| |---|---|---|---|---|---| |||~~**Funds**~~||~~**2022**~~|| |||**0**
**Restricted**
**Funds**

14400
14400||**0**
**Total**
**2022**
7000
14400
21400|| ||||||| |**6 Cost of charitable activities**
**Unrestricted**
**Funds**
Wages and national
Insurance 19580
Premises 5400
Utils 2850
Vehicle costs
994
Admin office supplies 423
Stock -
Liability insurance 340
HMRC 2495
Building Maintenance 835
Governance 60

-
32977|**Restricted**
**Total**
**Total**
**Funds**
**2022**
**2021**
19580 28200

5400 9004
2850 1608
994 1642
423 1700
- 1000
340 340
2495 441
- 835 0
60 60
32977
45827| |---|---| ## **7 Governance costs** ||**Unrestricted**|**Restricted**|**Total**|**Total**| |---|---|---|---|---| ||**Funds**|**Funds**|**2022**|**2021**| |Independent examiner's fee|60|-|60|60| ## **8 Transfers between funds**