restore RESTORE COMMUNITY CHURCH TRUSTEES REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31sr DECEMBER 2024 COMPANY REGISTRATION NO: 04198958 (England and Wales) CHARITY REGISTRATION NO:1086604 Restore Community Church is a company li ited by guarantee no. 4 198958. Registered charity no. 1086604 restore COMYUNITY RFsfoRE COMMUNITY CHURCH TRUSTEES REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THEYEAR ENDED al￿ DECEMBER 2024 CONTENTS PAGE LEGALAND ADMINISTRATIVE INFORMATION REPORTOF THE TRUSTEES INDEPENDENT EXAMINERS REPORT STATEMENT OF FINANCIAL ACTivfTIES io STATEMENT OF FINANCIALPOSITION li NOTESTO THE FINANCIALsTATEMEP￿s 12-16 DETAILED STATEMENTOF FINANaALACfiv￿IEs 17 21Page restore COMML'%irY cHupcH RESTORE COMMUNITY CHURCH TRUSTEES REPORT AND UNAUDITED FINANCIAL STATEMENTS LEGAL AND ADMINISTRATIVE INFORMATION FOR THEYEAR ENDED 31ST DECEMBER 2024 CHARITY REGISTRATION NUMBER: 1086604 COMPANYREGISTRATION NUMBER: 04198958 REGISTERED OFFICE.. Restore Community Church 23 Canfield Road Woodford Green IG8 8JL TRUSTEES.. Bernard Van Jaarsveld (Chair) Ann Granger Matthew Greene (Appointed 181101231 Stephen Peter Hale {Appointed 181101231 KEY MANAGEMENT PERSONNEL lan Kin8 (Senior Leaderl Joanne Mackey INDEPENDENT EXAMINER Allen Robyn and Associates Ltd Chartered Certified Accountants 367 Caledonian Road London N7 90Q 31Page restore REsfoRE COMMUNITY CHURCH TRusfEES REPORT AND UNAUDITED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 The Trustees are pleased to present their Annual Report together with the Financial Statements of the charty for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in Note I to the financial statements and complywith theCharitiesAct 2011. the Companies Act 2006. the Memorandum and Articles of Association, and Accounting and Reporti118 by Charities.. Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 102) (effective 1st January 20191. Restore Community Church I'Restore') is constituted as a company limited by guarantee and re8iStered with the Charity Commi55ion under Charity Number 1086604 with the principal aims of 3dvancin8 the Christian faith. relief of poverty and sickness. The Trustees consider that Restore Community Church meets the Charity Commisslon's requirements to demonstrate public benefit in each of its purposes set out in this report. Introductlon to the Annual Report We give thanks to God for His leadin& provision, faithfulness, and favour in leadin8 His churth. Jesus says He will build His church. and it is a privile8e to be part of His work at Restore. This report celebrates our life together in 2024. We hope you enjoy readin8 it and that it inspires you to take hold of that for which Christ Jesus took hold of you. Our Common Vlslon Restore is a body of bellevers with a wsion 'to welcome everyone to walk wlth Jesus every day and see restoration everywhere., The heart of our mission is drawn from Isaiah 61'.1-4, which contains the followin8 elements: Reconcile: to see as many people as possible, from every walk of life, encounter God's love and goodness and have the opportunity to be reconciled in relationship with him. Restore. to enable people to find healin8 for physical. emotional. or spiritual pain and grow into living out their God-given design. Rebuild- to positively contribute to the lives of others. living an outward-focussed and 8enerous life, and so brin8in8 community transformation. We aim to achieve our mission byfocusing on three core areas: connecting: we encourage everyone to be part of a group, which provides a place of belon8in& shared life. and spiritual 8rovrth. contributin8'. we believe that everyone can contribute to their local community in a meaningful way usin8 their God-given 8ifts, talents, and resources. celebrating: We regularly gather for worship. prayer. thanksgiving and equip ourselves for missional livin8. Gatherin8s are mainly at our various congregations, but we also periodically plan to meet as one church. 41Page restore Cof4 Jyt., REsfoRE COMMUNITY CHURCH TRUSTEES REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31sr DECEMBER 2024 Our Locatlons We meet informally in church members, homes, and other pla￿s, to share our lives with each other and with our communities, On Sundays we come together as three separate congregations in Woodford lin Canfield Road Chapel), Loughton lin Alderton School) and Albany lin Enfield Highway Gospel Hall). The congre8ations are led by a congre8ation leader who is responsible for the pastoral, teachin& prayer and activities at their place of meeting. We also have a house church that meet in Eppin8 who gather in IN40 groups (Mondays and Thursdays) to pray and put into prartice scripture. and for a variety of invitational events to frlends normal on Sundays. In addition. some people come together in Winchmore Hill, to meet in various locations wlthln their community on a Sunday morning. Overall leadership of all stsff and activity in Restore is the responsibility of the Senior Leader. Restore has an offSce in Woodford where staffs work when they are not out and about. The office is also a place for staff team meetin8S, to build one another up in the faith and to pray. as well as to be together to plan future activity. The office is also the place where the Operations Team works. to ensure that the charity runs smoothly. The office is open, with a person on re￿ptiOn, from Monday to Friday 9am until 4pm.Anyone In the church can phone, drop in to discuss matter5, pray, orjust visit to say hello. Worshlpl Prayer and Teachln8 Small groups, and interest group5, where people come together to encourage each other, form the core to our aim of livin8 meaningful relational INes. to provide pastoral and prayer support for life's ups and downs, as well as to respond to the preaching message from the Sunday serrfices. Youth and Chlldren Youth and Children's work is planned locally at each congregation with overall responsibility taken by the con8re8ation leader. The congregation at Loughton has thrivin8 children and youth programme every Sunday supported by an amazing team of volunteers. The materials that they produce are available to all other congregations to support their Sunday programmes. In Loughton there are weekly youth meetings held at Oakwood Hill, at Albany there is a monthly Friday evening youth 8roup. and at Woodford the youth continue to meet twice a month on Tuesdays and are regularly involved in leading worship and Services. Winchmore and Epping have no formal youth plans Currently though they Still have contacts and connection points with some on a more informal basis. We would also like to recognise all that Harry Carter contributes to the Children's team at Lou8hton 51Page restore COmVu￿JTy c4ukCH RESTORE COMMUNITY CHURCH TRUSTEES REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THEYEAR ENDED 31ST DECEMBER 2024 The Trustees appreciate all the volunteer5 and members of the church who make our church family a lively community, and without whom the good news of Jesus would not be shared in word and deed. and the vision would not be fU￿111ed. The Trustees also wish to thank all those who gave financially to the glory of God. The Trustees are grateful for all the staff for their commitment and dedication over the year. Through the grace of God, we can once again celebrate all that was achieved during the year. Restore, In Ilne with its vision, welcomes everyone to walk with Jesus every dty and see restoration everywhere. The communlty en8agement activities are open to. and usually intended for, all resldents of the communitles where we operate. Restore is a si8nificant provider of seThices to the local community, a core belief being that the church needs to demonstrate God's love in practical ways as well as through introducing people to jesus. Some of the community activities are run in partnership with statutory and other a8encies. The highlights for 2024 consist of the.. new people ond returnin8 people into the congregations over 2024 varied community engagement initiatives which are helping to transform and resto￿ our communities, such as.. Grow Community Garden Playgroups.. Noah's Ark and Rainbow Club as well as free Holiday Clubs GrowBaby- a free service helping mums with equipment & clothes for thelr children. More than a Son8 Seniors Choir, CAP Money Course the whole work of Beyond Ourselves, whKh now funds and provldes partnership direction for both the education and wellbeing of children across the Copperbelt region of Zambia. Further information of some of these community initiatives are 8lven in the Trustees ￿pOrt for our slster charity. Restore Community {Charity Number 11656541. The Trustees also want to thank those staff those who have moved on from Restore in recent months to pastures new, namely Hester Botha. Tobbias & Joyce Ngala. 61Page restore COMMUNITY CIqURCH RESTORE COMMUNITY CHURCH TRUSTEES REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THEYEAR ENDED 31ST DECEMBER 2024 Structure and Governance Oversight of Restore is provided by the Board of Trustees. whose responsibility is to ensure the church and its artivities operate within the law and achieves its charitable purpose. Leadership of Restore is entrusted to lan Kin& the Senior Leader who is responsible for the artivitie5 of the church. Day-to-day artivities, including compliance with the Restore's policies and budgets, are delegated to the paid staff. Rlsk Mana8ement and Controls The Trustees set the risk appetite for financial and operational matters. and together with the 5enlor staff, monitor this through the quarterly Trustee meetings. Together with the church's senior staff, the Trustees conduct a risk review of all Restore's activities. They take steps to ensure appropriate controls are in place to manage identified risks. Risk management is an ongoing concern. and the Trustee meeting agendas ensure that the main risks to the charity are kept under frequent review. including- Safe8uarding. Health and Safety, Flnanclal Mana8ement and Position, Dependency on key individuals, and Maintainin8 the charl￿S Inte8rlty. Relatlonshlps wlth Of8anlsatlons and Other Charltles Restore partners with parachurch organisations and charities to further the church's vislon to see restoration In people and communities beyond our local communities. Our partners. to whom we make financial contributions. include. 'Churches To8ether' bodies where we have locations, Evangelical Alliance, New Thing Europe. and iNet Trust. We also gave financial 8ifts to mlssional organisations such as Tear Fund, Whitechapel Mission, Operation Mobilisations and Counties. Further, Restore Community (RC) oursister charity, and community outreach ann of Restore. operates in our local communities and provides overseas focus under the brand. Beyond Ourselves. RC helps Restore run the many local outreach projects. RC. as a separate charity. streamlines the administration and builds resilience into funding these vital activities. Rcis also the fundraising ann and provider of strategic partnership for Beyond Ourselves Zambia lan organisation set up in Zambia and separate to RCI. More details can be found in the Trustees, Report for Restore Community. In addition to making financial contributions as described above, Restore received £12,833 from New Thing Europe, £6(y)O from Albany Church CIO and £26.167from Magnify Foundation. Flnanclal Posltlon The charity's total income for the 2024 financial period decreased by 4.7% to £431,28612023: £452.571). M05t of our income continued to be derived from church member givin& plus associated 8ift aid claims. Expenditure on all activities was up by 1.2% at £439,71812023: £434,5241. The church made a deficit for the year ended 2024 of £8,432 12023 surplu5 of- £18.047}. Total funds carried fonyard on 31st December 2024were £46.67512023'. £56,666) a decrease of approximately 16.1% when compared to 2023. Restricted funds carried forward was£3,00312023'. £3.003) and unrestricted funds of £45.23112023: £53.6631 as at 31 December 2024. 71Page restore RFSTORE COMMUNITY CHURCH TRUSTEES REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THEYEAR ENDED 31ST DECEMBER 2024 Re5eThe Pollcy The Trustee's policy is to hold a minimum level of funds to ensure operations can continue should there be downturn in Income or unexpected need. Therefore. the charity should hold funds amounting to between two to four months operating costs, plus committed expenditure. The trustee's plans are to regain thls target over a two-year period from 2024 to 2025 are on schedule. Grants Durin8 the year 3 grant to our slster charity RC was made, to asslst with their sa13ry Costs, equal to £nil {2023'. £15.0691. Durin8 the year Restore Community repaid an amount of £18,217 as a contribution towards the salary costs of staff who delivered funded projects. ON BEHALF OF THE BOARD: Accountsnts The accountants, Allen Robyn & Associates Ltd will be proposed for re-appointment at the forthcoming Annual General Meetlng. ON BEHALF OF THE BOARD: es van Jaarsveld Chair of Trustees Date The Chair of Trustees 5i8ns this annual report on behalf of the Board of Trustees. 81Page I restcre REPORT OF THE INDEPENDENT EXAMIP4ER TRUSTEES REPORT AND UNAUDITED FINANCIALSTATEMEKrs RFSTORECOMMUNITY FOR THE YEAR ENDED 31ST DECEMBER 2024 I report on Ihe accour¢iS lor the year ended 31" Detembei 2024 sei out on p3ge5 iwelve to sixteen. Re5pon51bllltles ar￿ bask% of Re A5 tlie cliarily'5 Iru5tees of ihe Company Iwkg are also the difector5 01 Ihe company lor the purposes ol company liiwl. you are responsible lor the preparation of the a