Restore Church Plymouth Reference and Administrative Details Trustees A Martin S Grayson S Bell C Clewer J Wannell (resigned 09107124) Treasurer R David Principal and Registered Office Restore Church Plymouth St Levan Road P￿T￿x￿, PL2 3BG Charity Registration Number 1050311 (England and Wales) Independent Examiner Northcott Trumfield Chartered Accountants Devonshire Villa 52 Stuart Road Plymouth, PL3 4EE Bankors Lloyds Bank plc 8 Royal Parade Plymouth, PL1 1 HB Barclays Bank 140-146 Armada Way Plymouth. PL1 1 LA Solicitors Geldards LLP Dumfries House Dumfries Place CARDIFF CF10 3ZF Restore Church Plymouth Trustees, Report The Trustees present their annual report together with the financial statements and independent examiners report of the Gharity for the year to 31 December 2024. Structure, Governance and Management Constitution Restore Church Plymouth is a registered charity operating as a Church in Fellowship with Assemblies of God. The governing document is a Constitution with Trust Deed for Local Assemblies of God. The Church Council is appointed to oversee the mana ement and control of the Church and its who he Fropety and funds. The members of the Churc ouncil shall be those persons d office on the date of registration of the Constitution as a charity and thereafter, the Senior Minister and any other Ministers of the Church together with such persons appointed by the Church Council. The Church Council members are defined as Trustees under Charity Law. Objectives and Activities Objects The Objects of the Church are for the benefit of the public: to advance the Christian faith in accordan￿ with the Assemblies of God Statement of Faith and in such parts of the United Kingdom or the world as the Church Council from time to time see fit; to relieve Sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as the Church Council from time to time see fit; to advance education in such ways and in such parts of the United Kingdom or the world as the Church Council from time to time see fit. Public Benefit The trustees have regard to the Charity Commission guidance on public benefit. Achievements and Performance The main achievements of the Charity in the last financial year were: Increased attendance at the church's vibrant, multicultural services, with the current venue nearing capacity. Established new volunteer teams, which enabled the implementation of new programs and activities for both the church and the wider community. Extended services to include mid-week and Sunday evening sessions throughout the month. Expanded community outreach through the Coffee House and by partnering with other local churches for themed events. Renovated and reopened the lower floor of the building, bringing it back into church use to expand ministries for children, youth, and young adults. Developed a new mission strategy in collaboration with other charities, both locally and internationally. Financial Review Most of the Charity's income is obtained from the tithes and offerings from the Church congregation. In addition, the Charity received donations for specific projects and income from letting the Church buildings. The accounts have been prepared on the Receipts and Payments basis. In the year ended 31 December 2024 total income of £14g,586, was higher than expenditure of £133,243 by £16,342. Expenditure on human resources costs of £42,381 accounted for 32 % of total expenditure. The Charity had carried forward restricted funds of £3,728 plus a further £50,128 of unrestricted reserves. At 31 December 2024 the net book value of fixed assets was £619,196. The assets (which principally comprise of the freehold land and buildings) were used predominantly for promoting the Charity's Objects. Net cash inflow for the period was £16,342 leaving the Charity with cash funds of £53,856 on the 31 December 2024. Reserves Policy The policy of the Trustees is to maintain a level of reserves that will be adequate to provide a stable basis for the continuing activity of the Trust whilst ensuring that excessive funds are not accumulated. Any restricted funds held will be used in accordance with the restrictions imposed which can often straddle more than one financial year. The Trustees are satisfied that the balance of unrestricted reserves are sufficient for the Charitys continuing activity. Investment Policy Investments must be made only in accordance with written procedures approved by the Trustees. Funds Held as Custodian Trustee on Behalf of Others There are no assets or arrangements held by the Trust. Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) ANITA MARTIN Posltion (eg Secretary, Chair, etc) Chair of Trustees Date 0910912025 (HARITY (OMM155ION FOR ENGIANO AND WAIE9 Restore Church Plymouth 1050311 Receipts and payments accounts CC16a For the period from 0110112024 3111212024 Section A Receipts and payments Unrestricted funds to tho rtaar•sl Restricted fund$ Endowment funds Total funds Last year tr* tha n•arest £ to tha n•aroSt £ to tha n8arost £ to tha near8St £ A1 Receipts Tithes&Offerings Donations Missions Incorne L8ttings Bank interest Other 103,507 103,507 89,149 6,487 6,487 34,096 3,370 29.608 221 5.284 34,096 264 5,233 5,233 Sub total (Gross income ftjr AR) 143,099 6,487 149,586 127,632 A2 Asset and Investment sales, {se6 tsble). Sub total Total receipts 143,099 6,487 149,586 127,632 A3 Payments Human R880urces Premises and Ckcupatlonal Mortgage Payrnents to missions works Governance costs Oth8r 42,381 29.403 21,B69 7,115 4,743 21,517 42,381 29,403 21,889 13,330 4,743 21,517 39,133 35,273 21,337 2,250 3,614 25,269 6,215 Sub total 127,028 6,215 133.243 126.876 A4 Asset and investment purchases, (see table) Fumiture and Equipment Sub total Total payments 127,028 6,215 133,243 126,876 Net of receipts/(payments) A5 Transfers betweon funds A6 Cash funds last year end Cash funds this year end 16,071 271 16.342 756 34,057 50,128 3.457 3.728 37,514 53,856 36,758 37,514 **Unrestricted Restricted Endowment** Categories **Details funds funds funds** to nearest£ to nearest£ to nearest£ **81 Cash funds** Bank Accounts **50,128 3,728** Cash in hand - - - - _**Total cash funds**_ **50,128 3,728** (agree balances with receipts and payments — account(s)) ox a **Unrestricted Restricted Endowment funds funds funds Details** to nearest£ to nearest£ to nearest£ **82 Other monetary assets** Gift Aid Due to 31 /12/24 **1,027** Lettings invoices Other debtors Fund to which Current value **Details** asset belonas Cost (optional) (optional) **83 Investment assets** .—=—= Fund to which Current value **Details** asset belonas Cost (optional) (optional) **84 As ets retained for the** Land and Buildings Unrestricted **600,000 charity's own use** Fixtures and Fittings Unrestricted **19,196** - - - - - . - Fund to which Amount due When due **Details** liability relates (optional) (optional) **85 Liabilities** Mortgage Unrestricted **89,482** ———= Si[g] ned b[y ] one or two trustees on Date of Si[g] nature Print Name behalf of all the trustees I I 6 Independent Examiner's Report to the Trustees of Restore Church Plymouth (Charity No.1050311) I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 5 to 6. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confinn that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the Act,. or 2. the accounts do not accord with those records I have no concems 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. Guy lan Northcott FCA, DChA Northcott Trumfield Chartered Accountants 52 Stuart Road Stoke Plymouth Devon PL3 4EE Date." 2711012025