RESTORE (CUMBRIA)
Restore (Cumbria) exists to help create new lives and opportunities for people, including but not restricted to the work and ministry of the OpShops, the Repair Cafe and the Men in Sheds project.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net unrestricted fund surplus of £2,907 and total net assets of £138,570, an increase from the previous year's £104,465. The trustees note that while reserves are currently below their three-month working capital policy target, they have received support from the Carlisle Diocesan Board of Finance and remain confident in the charity's ability to continue its activities.
What the accounts disclose
“This has not been possible over the last year due to challenging environment resulting from the Covid pandemic. The Trustees are confident that the negative unrestricted reserves can be turned around to ensure that there are sufficient reserves to continue the current activities of the charity in the event of a significant drop in funding.” — page 8
Property (HM Land Registry)
Trustees
- Dr Bryan Gray CBE DLchair
- Alison Barbara Jary
- Christopher William Bray
- Duncan Graham Walker
- Rachel Clare Head
- Rev Andrew Burrell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £434k | £399k |
| 31/12/2023 | £362k | £351k |
| 31/12/2022 | £392k | £314k |
| 31/12/2021 | £266k | £320k |
| 31/12/2020 | £205k | £137k |
Common questions
Is RESTORE (CUMBRIA) financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net unrestricted fund surplus of £2,907 and total net assets of £138,570, an increase from the previous year's £104,465. The trustees note that while reserves are currently below their three-month working capital policy target, they have received support from the Carlisle Diocesan Board of Finance and remain confident in the charity's ability to continue its activities. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 01/03/2024 | £15k | Restore Cumbria Social Space |