WORLD RESTORATION MINISTRIES (RESTORATION CHAPEL INTERNATIONALI STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 OCTOBER 2025 WORLD RESTORATION MINISTRIES (RESTORATION CHAPEL INTERNATIONAL) Statutory Financial Statements & Trustees Report 31st October 2025 Charlty No. 1088882
WORLD RESTORATION MINISTRIES {RESTORATION CHAPEL INTERNATIONALI STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 OCTOBER 2025 Legal and Administrative Infonnation Tru5tee5: Cynthia Sissuh Bradlyn Patrick Sarfo Manu Samuel Asamoah Charity Registration No: 1088882 Principal Office: Life Centre 55-63 CJrove Vale East Dulwich SE22 8EQ AccoLtntants'. Rev Dr Olu Olasode PhD FCCA TL First Accountants & Consultants I Copers Cope Road Beckenham, Kent BR3 INB Bankers.. LLoyds Bank PIC
WORLD RESTORA TION MINISTRIES IRESTORATION CHAPEL INTERNATIONAL) STATUTORY FtNANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 OCTOBER 2025 TORA THET REND THE PORT FOR TE THE I OCTOBER 2 Introduction The Trustees do hereby present its report and the independently examined financial statements for the year ended 31. October 2025. These comply with current statutory requirements and the Statement of Recommended Practice- Accounting and Reporting by Charities (SORPJ 2015. Name and Registered office and constitution The full name of the charity is World Restoration Ministries. The charity is also known by the name Restoration Chapel International and Restoration City Church. Charity Registered Number The telephone number is The Registered oflice is: 1088882 02082991676 Life Centre, 1st Floor 55-63 Grove Vale London SE22 8EQ Trustees Mr Samuel Asamoah Mrs Cynthia Sissuh Mr Bradlyn Sarfo Manu Structure, Governance and Management. Organisational structure The Board of Trustees meets every four month and are responsible for the strategic dirertion and policy of the charity. To achieve its, objectives, the Trustees rely on the Senior Management Team on whom the day to day responsibility for the running ofthe charity lies. The Senior Management Team 15 accountable to the Board of Trustees who are responsible for ensuring that the charity achieves its principal aims. The Departmental Heads are responsible forthe day to dayoperational management oftheir service areas. Objectives and Activities Summary of Objectives of the charity set out in its governing documents. A. The objectives of the charity are to advance the Christian. religion for the public benefit in accordance with the doctrines of our Lord Jesus Christ, through the holding of prayer meetings, lectures, evangelism. distributing of literature and tracts, broadcasting and such charitable means as the trustees consider appropriate. B. The relief of poverty by such charitable means as the trustees consider appropriate The principal activities of the church are Christian worship, Christian outreach program to increase Christian awareness and to spread the gospel of our Lord Jesus Christ and the development of the whole man, spiritually, mentally and physically. We have a number of volunteers who assist in helping us achieve our objertives. Our members have
WORLD RESTORAT]ON MINISTRIES (RESTORATION CHAPEL INTERNATIONALI STATUTOR Y FINANCIAI, STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 OCTOBER 2025 the benefit of receiving different professional speakers, experts and life coaches, who come in to enrich our the church community and invited general public skills that directly benefit our church members, community. nation21 and international as long as funds are available to do so. C. Our church is interdenominational and multi-ethnic to embrace people from all walks of life to enable them build and grow their faith in the word of God by learning the scriptures and empowering them to learn new skills to better their lives through receiving guidance and support from the church. Our church continues to work towards these objectives by always seeking in using the commission's guidance on public benefitand, in particular. the specific guidance on charities for advancement of religion. Summary of the main activities undertaken for the public benefits in relation to these objectives. Our trustees continue to review our objectives, purposes and activities yearly, to make sure they continue to reflect our aims and objectives. In undertaking out the review of our church, the Trustees have already considered the public benefit application as stated below. Public Benefit Statement "The trustees have considered the guidance produced bythe Charity Commission on the provision ofpublic benefitand they confirm thatpublic benefithas been provided by... Providing regular public worship open to 211 Providing sacred space for personal prayer and contemplation . Conducting pastoral work including visiting the sick and the bereaved . Teaching Christianity through sermons. courses and small groups Taking religious assemblies in schools Providing a youth club with a Christian ethos Promoting the whole mission of the church through activities for senior citizens, parents and toddlers 2nd other special needs groups Supporting other charities in the UK and overseas Providing weekly beverages and snacks for children and Youth Providing beverages for senior citizens Providing transport and financial support for members who are on low income.
WORLD RESTORATION MINISTRIES (RESTORATION CHAPEL INTERNATIONAL} STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 OCTOBER 202) Strategies for Achievlng our oblertlves The main activities of the church are as follows: Sundays.. 9.30am leadership and workersservice, 10..30am main service and 5:30pm evening celebration service for first and Last Sunday of the Month Sunday Afternoons: Youth Church Mondays.. Virtual Prayer time Tuesdays.. srnall groups and community fellowships (L7 Group) Wednesdays: Choir rehearsals Fridays: Prayer and teaching service. End of month three days church and community celebration event Young Adults Class: our young adults are involved in several personal development programs in leadership, relationships, finance, career counselling, rnentoring and business. We have seen some of them access employment through the knowledge from these training programs. Youth Bible Class: our youth are involved in bible training programs, behavioral ski115, photography, videography and after school homework classes. We have seen these programs help improve academic life of most of ouryouth. Orchestra.. Our youth and children also form part of our church's orchestra and dance group. They train every week and perform often in our services and special community programs. Our Women networK Men's NetworK Couples Network have regular monthly meetings to provide training, fellowship, prayer and friendship. These programs have been very successful by placing effective tools in the hands of members and people Irom general public to build successful families. Development and Achievements in the period We had over 200 virtual services to meet the spiritual, mental, and social needs of members, home bound people and the general public. We were able to organize a successful media project and orchestra training for the year. Many youth and children were able to learn new musical instruments. We were able to stage concerts in public places during Christmas and one major one during Easter Sunday. Young Adults and Youth Leadership Graduation Our leadership training programs for young adult5 and youth was very successful this year. We witness about 60 people who successfully completed our seven weeks intensive leadership class. Bible Class The seven weeks bible class programs which is mainly held for Church members and was also a success. The main focus is to educate people with sound morals, character building and bible knowledge to become good influencers of the comrnunity.
WORLD RESTORATION MINISTRIES (RESTORATION CHAPEL INTERNATIONAL) STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 OCTOBER 2025 Publications We developed and printed leadership training materials. bible studies materials and small group fellowship materials after surveying the needs of each area through questions from church members and few people from general public that visited. More programs have been developed in this respect and all the training was successful. The Pastoral Mlnlstry engaged in hospltal & home vlslts, baby dedication. and pastoral counselling sessions. There were: l. Weddings 2. Baby Dedication and Confirmation 3. Couples meetings 4. Premarital Counselling 5. Post m2rit21 Counselling 6. Virtual Prayer support 7. Encouragement Phone Calls 8. Water Baptism 05 08 13 05 28 3 times a day 30 times a week 12 people Outreach work The workofthe charityin usingthegospel and self-developmentmethodologiesto reach people in its immediate communities and in other countries where the lives of people have been distressed in many ways, was strongly maintained in the year under review- at similar levels to prioryears. We have continued to expand ourcommunity reach, using the media and have simultaneouslyworked tirelesslyto consolidate ourprioryeargains with theyouth.youngadults, single parents, and especiallyour children's ministrywhich has continuously grown with more demands. The year has seen 2 successful continuation in the use of media 2nd new technology for online broadcasting. Wopa Radio.. We have also made gains through our live global nonprofit internet radio station through preaching and teaching of the word of God. The work of the charity has used this medium to reach several people. We are able to use this medium to broadcast all our services live to anywhere people can access the interneL GVCTV.ORG: We have imparted many lives through our 2417 online tv. Our outreach initiatives were effective through online programmes. Through our outreaches we distributed over 5000 free books with drinks and cookies to the public
WORLD RESTOK4TION MINtSTRJES (RESTORAnON CHAPEL tNrERNATIONAL) STATufoRY FINANCIAL STATEMENFS AND TRUSTEES PEVORT YEAR ENDED 31 (BER2025 Future strategy The charity plans continuing the artivitie5 a5 Outlined above in the forthcoming years subject to continuing satisfactory funding arrangements. The Charity will continue to build and grow its operations in devekoping its members whilst continuing to build and foster within the community. The Charity continues to undertake unfinishedworkofour worsbip place.we will focus on buildirAg our international and domestic outreaches and work towards a structure of ¢ontinued growth in planning outreaches domestically and abroad. The charity will be investing more strategically in the community. through different schemes and outreache& Flnanclal Review Reserves Policy The trustees have resolved to establish reserves to provide for future activities. and to provide funding for the experted expenditwe for three months ahead. The Investment Pollcy The charity does not have any investment policy. All our income, with the exception of small cash flow. is reinvested in the charity. Avallable and AdequateAssets of eath of the FuDds The board of trustees are satisfied thatthe charity5 a55ets in each fund are available and adequate to fulfil its obligations in respect of each fun Principal Fundlng Sources The Church members continued to be the main source of income in form of donations and gifts to the Church. ststement of Trustee Responslbllities Mrs Cynthla Slssuh (On behalf of the Trustees) DATE:.... Ll7Jio
WORLD RESTORATION MtNISTRIES (RESTORATION CHAPEL tNTERNATIONAL} STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 OCTOBER 2025 ACCOUNTANTS. AND INDEPENDENT EXAMINER'S REPORT I report on the accounts of the charity for the period ended 31 October 2025 as are set out on pages 8 to 14. Responsibilities and basis of report As the charity's trusteesj you are responsible for the preparation of the accounts in accordance wlth the requirements ofthe CharitiesAct2011 ('theAcV]. I reportin respectofmyexamination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Lharity Commission under section 145(5)(b) of the Act Independent examiner's staternent l am qualified to undertake the examination by being a qualified member of the Chartered Association of Certified Accountants (ACCA) and Fellow of the Association (FCCA)- I have completed my examination. I confirm that no materSal matters have come to my attention in connection with the examination (other than that disclosed below'} which gives me cause to believe that in. any material respect: . the accounting records were not kept in accordance with section 130 ofthe Charities Art,. or . the aLcounts did not accord with the accounting records: or . the accounts did not comply with the applicable TequireTnents concerning the form and content of accounts set out in the Charitie5 (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a'true and fair, view which 15 nota matter considered a5 part ofan independent examination. I have no concerns and have come across no other matter5 in connection with the examination to which ention should be drawn in this report in order to enable a proper understanding of the ac ts to be reached. lasode FCCA Chartered Certlfied Accountant TL First Accountants Limited TL First Llmlted Date:
WORLD RESTORATION MINISTRIES (RESTORATION CHAPEL INTERNATIONAL) STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 OCTOBER 2025 STATEMENT OF FINANCIAL A1VITIEs 2025 2025 2025 2024 Restrlrted Unrestrlcted Total Totsl INCOMING RESOURCES Donations Grant Gift Aid Received Total Incoming Resources 312,747 312,747 276,743 77,775 77,775 19,461 390,522 390.522 296.204 RESOURCES EXPENDED Charitable Activities Governance Costs 369,674 369.674 268.320 11,640 11,640 17,564 Total Resources Expended 381,314 381,314 285,884 Net Incoming / (Outgoing) Resources 9,208 9,208 10,320 Total Funds Brought Forward 52,097 52,097 41,777 Totsl Funds Carried Forward 61,305 61,305 52.097 There were no recognlsedgalns or lossesfor theyear, other than those included in the Stotement of FlnanclalActivities.
WORLD RESTORATION b41NISTRIES IRESTORATION CIWEL NfEkNATtONAL) STATtTfoRY FINANCL4L STAT8MEm AND TRUSTEES T<EFORT YEAR ENDED31 ocfoBEk 2025 BALANCE SHEEr 2025 2025 2024 2024 FIXED ASSEfs 0te 53 29,904 36,572 CURRENT AssErs Debtors (Note 6) Cash and Bank 15,525 CURRENT LIABILITIES Credfitors- within one year (Note 7) NKf CURRENT ASss 31,401 15.525 Creditors- Not wlthln one year [nots 8) 61.305 52.097 FUNDS AND RESERVES Restricted Funds Unrestricted Funds 61,305 52.097 TOTAL CHAIUTY FUNDS [NAS$s) 61.305 52,097 Approved bythe Board of TnteeS on 2026 and slgned" ontheirbehalf bT. Mrs Cynthia Slssuh ITnee) io
WORLD RESTORATION MINISTRIES {RESTORATION CHAPEL IERNATIoNAL) STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 OCTOBER 2025 NOTES TO THE FINANCIAL STATEMENTS I. ACCOUNTING POLICI (A) Basis of Preparation The financial statement5 have been prepared in accordance with 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) (effertive I January 2015) - [Charitie5 SORP), with FRS 102 and with the requirements of the Charities Aet 2011. In preparing the financial statements the charity has applied FRS 102 (March 2018) and the amendments to the Charities SORP set out in Update Bulletin 2 (issued in October 2018) before their effective date of periods commencing I January 2019. The charity tneets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unle55 Otherwise stated in the relevant accountlng policy notes. (B) Going Concern The financial ststements are prepared. on a going concern basis. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Ic) Reconciliation with previous Generally Accepted Accountlng Practice Transitional arrangements for the charity presenting this financial Statement under FRS 102 for the first time had been intorporated and that. no comparative items were needed. No restatements nor reconciliations were required. (D) Fund Accounting Unrestricted funds are available to spend on activities that further any of the purposes of charity- The charity maintains only a general unrestricted fund, which represents funds that are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investmenL (E) Income Income is recognised when the charity ha5 entitlement to the funds, any performance conditions attached to the item(sJ of income have been met, it is probable that the income will be received, and the amount can be measured reliably. Where income has related expenditure (as with fundraising or contract income), the income and related expenditure are reported gross in the Statement of Financial Activities.
WORLD RESTORATION MINISTRIES (RESTORATION CHAPEL INTERNATIONAL) STA TUTORY FtNANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 OCTOBER 2025 Donations, grants, and gifts are recognised when receivable. In the event that a donation is subject to fulfilling performance conditions before the charity is entitled to the funds, the income is deferred and not recognised until it is probable that those conditions will be fulfilled in the reporting period. Income from Gift Ald tsx reclaims is recognised for any donations with relevant Gift Aid certificates recognised in income for the year. Any amounts of Gift Aid not received by the year-end are accounted for in income and accrued income in debtor5. Income received in advance for a future fundraising event or for a grant received relating to the following year are deferred until the criteria for income recognition are meL Interest on deposit fund5 held Is included when receivable and the amount can be measured reliably by the charity which is nonnally upon notification of the interest paid orpayable by the bank Sponsorship from events, fundraising and events registration fees are recognised in income when the event takes place. IF) Donated Goods and Services Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt OF economic benefit from the use of the item is probable and that economic benefit can be measured reliably. There were no donated goods and services recognised during the year. (G) Expendlture and Irrecoverable VAT Expendlture is recognised once there is a legal or constructive obligation to make a paymentto a third party. it is probable thatsettlement will be required, and the atnount of the obligation can be measured reliably. Atl expenditure is accounted for on an accrllals basis and analysed based on the alternative appr03ch for smaller charities - nature of the expenditure. Irrecoverable VAT is charged as a cost against the activity For which the expenditLLre was incurred. (H) Volunteers The value of the services provided by volunteers is not incorporated into these financial statements. (i) Fixed Assets and Depreciatlon Tangible fixed assets for use by the charity are capitalised if they can be used for more than one year. and cost at least £500. They are valued at cost or a reasonable value on receipL Depreciation ha.s been provided at the following rates in order to write off the assets over their estimated useful economic lives. 12
WORLD REsToRAoN MINISTRIES (RESTORATION CHAPEL INTERNATIONAL) STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 OCTOBER 2025 Church and Office equipment at 25% strdight line basis. The need for any impairn)ent of a fixed asset write-down is considered if there 15 concern over the carrying value of an asset and 15 assess by comparing that carrying value against the value in use or realisable value of the asset when appropriate. (i) Cash at Bank and In Hand Cash at bank and cash 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. (K) Creditors Creditors are recognised where the charity has a present obligation resulting from a past event that will probably resultin the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing lor any trade discounts due. o) Taxation The charitable company is exemptfrom income and corporation tax to the extent that its income and gains are applicable to charitable purpose only. Value Added Tax is not recoverable by the charity and is, therefore, included in the costs in the Statement of Financial Activities. 2. Donations and Similar Incomlng Resourees 2025 2024 Total Totsl Donations 312,747 276,743 Grant Gift Aid Received 77,775 19,461 390,522 296.204 3. Resources Expended 2025 2024 Charitable Cost Mission Cost Administration & Office Cost Staff Cost Rent & Rates Bank& Other Finance Charges Total Charitable Expenditure 112.412 32,873 132,167 37,158 53,819 1.245 369,674 75,678 25,004 66,596 35.042 61,359 4,641 268,320 13
WORLD RESTORATION MINISTRIES (RESTORATION CHAPEL tNTERNATIONAL) STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 OCTOBER 2025 4. Governance Costs Depreciation Professionals Fees Totsl Governance Cost 2025 9,968 1.672 11,640 2024 13,125 4,439 17,564 5. Flxed Assets Freehold Furniture Equipmen Office & Fftttings Motor Vehicle Total COST At l November 2024 Additions Disposals At 31 October 2025 229.740 1.670 74,635 1.630 304,375 3,300 231.410 76.265 307,675 DEPRECIATION Accumulated Depreciation Charge for the year At 31 October 2025 210,279 5,283 215,562 57,524 4,685 62,209 0 267,803 9,968 0 277,771 NET BOOK VALUE At31 October 2025 15.848 14,056 29.904 At 31 Ortober 2024 19,461 17,111 36,572 6. RELATED PARTY TRANSACTIONS There were no related party transactions during the reporting year. 14