## Report and Financial Statements 

For the year ended 31st March 2021 

) 

Divine Restoration Mission 

Charity No: 1127872 



| 

## Divine Restoration Mission 

|Contents|page||
|---|---|---|
|Legal and Administrative Information|3||
|Report ofthe Trustee|4to9?||
|Independent Examiner's report|10 to II||
|Statement of Financial Activities|12||
|Balance Sheet|13||
|Notes forming part ofthe financial statements|14 to 18|-|
|The following page does notform part ofthe StatutoryAccounts|||
|IncomeandExpenditureAccount|19||



2 



. 

## Divine Restoration Mission 

## Legal and Administrative information 

|Charity Name:|Divine Restoration Mission|
|---|---|
|Charity Registration Number:|1127872|
|Registered Office and|Robert Clack Leisure centre,|
|Operational Address:|Gosfield Road, Dagenham, RM8 [DN|
|Directors/Trustees:|Rev Samuel AdeolusholaAdeshipe|
||Pastor Grace Abosede Adeshipe|
||PastorStephenAdewole|



|Secretary:||Rev Samuel Adeshipe|
|---|---|---|
|Independent|Examiner:|Samuel Durojaiye BSc FCPA|
|||Samuelson and Co|
|||Certified Public Accountants|
|||596 Kingsland Road|
|||Hackney, London|
|||E84AH|



|Bankers|:|Unity Trust Bank PLC|
|---|---|---|
|||Nine Brindley place|
|||Birmingham|
|||Bl 2HB|
|||Nationwide Building Society|
|||| 1A George Street|
|||Croydon|
|||CRYIHP|



3 



## ) Divine Restoration Mission Report of the Trustees for the Year Ended 3 Ist March 2021 

The Trustees presents its report and financial statements for the year ended 3Ist March 2021. Our Aims and Objectives 

## Purpose and Aims 

Our Charity's purposes as set out in the objects contained in the Declaration of Trust are : 

a. to advance the Christian faith in accordance with our Statement of beliefs in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit; 

b. 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 Trustees from time to time may think fit; 

c. to advance education in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit. 

The aims of our charity are to preach the gospel in the city of London with an operational focus throughout London. 

## Ensuring Our Work Delivers Our Aims 

We review our aims, objectives and activities each year. This review looks at what we achieved 

and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us ensure our aim , objectives and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. 

## The Focus of Our Work 

Our main objectives for the year continued to be the advance of the Christian religion and the relieve of poverty and sickness. The strategies we used to meet these objectives included: |. Provision of Weekly Church Services on Sunday to minister to the physical, spiritual and material needs of the congregants. 

2. Provision of Special Events and Meetings to meet the specific needs of target groups in the Church such as Men, Women, Youth and Children. 

3. Focusing on the Material needs of certain members undergoing difficult financial situations. 

4 



Divine Restoration Mission 

) 

## Report of the Trustees for the Year Ended 3Ist March 2021 

4. Working with other Christian agencies and Churches in London to advance the preaching of the Gospel. 

5. Provision of Pastoral Care for Congregants and other members of the community 

6. Missionary and Outreach Work 

## How Our Activities Deliver Public Benefit 

Our main activities and who we try to help are described below. All our charitable activities focus on the advancement of the Christian religion and the relief of poverty and sickness. 

## Who used and benefited from our Services? 

Our Church Services are presented with both the regular congregant and the visitor or seeker in mind. We minister to the physical, mental and spiritual needs of the whole man in our services giving specific consideration to the seekers or new comers in our midst who may not necessarily have a church background and as such may not understand the processes and procedures of Christianity. We have also helped relief poverty and hardship amongst both regular and irregular congregants who are suffering from a period of financial hardship due to unemployment and lack of financial resources. 

## Financial Review 

During the year we have been successful in raising a total income of £27827 

## Principal Funding Sources 

The principal funding sources for the charity are currently by way of Donations and Gifts from congregants through the offering basket passed during Church services and though bank standing orders. We have exercised our right to reclaim the tax on the donations and gifts received from the congregants and this has proved a steady and growing source of additional income. 

## Investment Policy 

The Charity has cash that are set out in the Charity balance sheets. The objective of the investment policy is to invest in cash at banks where the capital is protected. Bank interest income was achieved in the period . The Charity currently has a policy of keeping any surplus liquid funds in cash at banks where immediate access and security of funds is guaranteed. 

5 



## Divine Restoration Mission Report of the Trustees for the Year Ended 3st March 2021 

## Reserves Policy 

The Board of Trustees has examined the Charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the expenditure. 

The expenditure for 2021 is £29611 and therefore the targeted reserves should be between £7403 and £14806 in general funds. The reserves are needed to meet the working capital requirements of the charity and the trustees are confident that at this level they would be able to continue the current activities of the Charity in the event of a significant drop in funding. This general reserve policy was met and exceeded as in earlier years. . 

## Plans for Future Periods 

The Charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory funding arrangements. 

## Structure, Governance and Management 

## Governing Document 

The Organisation is a charitable organisation constituted under a Constitution dated 4th January 2008 and registered as a charity on 4th February 2009. The charity was established under a Constitution which established the objects and powers of the charity and is governed under its terms. In the event of the Charity wound up members are required to so decide by three-quarters majority. 

## Recruitment and Appointment of Trustees 

The trustees who are also charity trustees for the purposes of charity law are in charge of the strategic direction of the charitable trust. Under the requirements of the Declaration of Trust the trustees are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting. 

All trustees except the Senior Pastor give their time voluntarily and receive no benefits from the charity. 

Due to the nature of Church work, trustees appointed have been so selected on the basis of their faith, strength of Character, skills set in the area of business management and growth and commitment to the vision of the charity. 

6 



## Divine Restoration Mission Report of the Trustees for the Year Ended 31st March 2021 

## Trustees Induction and Training 

Most trustees are already familiar with the practical work of the charity having been friends of the Church for a number of years. Additionally, new trustees are invited and encouraged to function in the capacity as friends of the Church in order to understand the offerings of the Church and its market. Additionally new trustees would be invited as required and encouraged to attend a series of short training sessions to familiarise themselves with the charity and the context within which it operates. These sessions would be jointly led by the Chair of Trustees and the Chief Executive or Senior Pastor of the Charity and cover: 

- 71 The Obligations of Trustees 

- 7 The Main documents which set out the operational framework for the charity including the Declaration of Trust 

, 

- 7 Resourcing and the current financial position as set out in the latest published accounts 7 Future plans and objectives 

A Question & Answer pack would be prepared which draws information from various Charity Commission publications signposted through the Commission's guide "the Essential Trustee” as a follow up to these sessions. This will be distributed to all new trustees along with the Memorandum and Articles and the latest financial statements. 

## Risk Management 

The Trustees have identified the major strategic risks to which Divine Restoration Mission is exposed to and has established controls and actions to mitigate them. Each year, risk assessments take place at our office and are subject to continual review and monitoring. The Trustees take all appropriate steps to moderate and manage the inevitable operational risks to which volunteers staff and assets of Divine Restoration Mission are exposed. Competence based training for Volunteers employers liability insurance, monitoring of new legislative requirements are examples of steps taken. In particular there are policies and procedures for children and vulnerable adults protection and for health and safety risks. Furthermorea risk register is to be established and update at least annually. 

7 



## Divine Restoration Mission Report of the Trustees for the Year Ended 31st March 2021 

## Organisation 

Divine Restoration Mission is governed by a Board of Trustees elected to serve the charity and run its affairs. Annually the Board reviews the range of skills it has available and uses its power of co-option to ensure that gaps are filled. The Board also ensures that a number of other criteria are met. The Board are assisted by Departmental leaders. The Board of Trustees meet quarterly and are responsible for the strategic direction and policy of the Charity. A scheme of delegation is in place and day to day responsibility for the provision of the services rest with the Senior Pastor who is also the Chief Executive. He is assisted by volunteers. 

## Responsibilities of the Trustees 

Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable trust as at the balance sheet date and of its incoming resources and applications of resources, including income and expenditure, for the financial year. In preparing those financial statements the Trustees should follow best practice and : 

- 7 Select suitable accounting policies and then apply them consistently; 

- 7 Make judgements and estimates that are reasonable and prudent 

- ~ Prepare the financial statements on the on going basis unless it is inappropriate 

to presume that the charity will continue on that basis. 

The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with Charity Act of 2011. The Trustees are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

8 



## Divine Restoration Mission 

## Report of the Trustees for the Year Ended 31st March 2021 

## Members of the Board of Trustees 

Members of the Board of Trustees, and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 3. 

## In accordance with charity law, as trustees, we certify that: 

So far as we are aware, there is no relevant information of which the company's accountants are unaware; and as the trustees of the charity we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the Charity's accountants are aware of that information’. 

This report has been prepared by order of trustees: 

## Rev Samuel Adeshipe 

9 



## | Divine Restoration Mission rere St Independent Examiners Report to the Trustees of Divine Restoration Mission for the year ended 3!st March 2021 

| report on the accounts of the charity for the year ended 31st March 2021, which are set out on pages 7 to 13. 

## Respective responsibilities of trustees and examiner 

The trustees (who are also the directors of the organisation are responsible for the preparation of The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (2011 Act) and that an independent examination is needed. The charity’s gross income did not exceed £250,000 and | am qualified to undertake the examination by being a fellow of the Certified Public Accountants Association. 

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: 

L examine the accounts under section 145 of the 2011 Act; 

L to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and 

| to state whether particular matters have come to my attention. 

## Basis of independent examiner’s report 

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below. 

10 



. Divine Restoration Mission 

Independent Examiners Report to the Trustees of Divine Restoration Mission for the year ended 31st March 2021 

## Independent examiner’s statement 

In connection with my examination, no matter has come to my attention: 

(1) which gives me reasonable cause to believe that in any material respect the requirements: 

L to keep accounting records in accordance with section 386 of the Companies Act 2006; and 

Lt prepare accounts which accord with the accounting records, comply with the accounting 

requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met: or 

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

Samuel Durojaiye FCPA a, 

Samuelson & Co 

Certified Public Accountants 

596 Kingsland road Hackney, London E8 4AH 

1] 



Divine Restoration Mission 

. 

## Statement of Financial Activities (including Income and Expenditure Account for the year ended 31st March 2021 

||||2021|2021||2021||2020|
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted||Total||Total|
||||Funds|Funds||Funds||Funds|
||Notes||£|£||£||£|
|Incoming resources|||||||||
|Incoming resourcesfrom generated funds:|||||||||
|Voluntary Income:|||||||||
|Donations and Offerings|2||27,827|-||27,827||27,701|
|Investment Income|2||-|-||-||-|
|Total incoming resources|||27,827|-||27,827||27,701|
|Resources expended|||||||||
|Cost ofgeneratingfunds|||||||||
|Costs ofgenerating|5||||||||
|voluntary income|||21,241|-||21,241||21,775|
|Charity activities|6||7,270|-||7,270||7,620|
|Governance Costs|7||1,100|-||1,100||1,100|
|Total resources expended|||29,611|-||29,611||30,495|
|Net Incoming resources||-|1,784|-|=|1,784|-|2,794|
|before other recognised gains|||||||||
|Net movement in funds||-|1,784|-|os|1,784|-|2,794|
|Reconciliation of Funds|||||||||
|Total funds brought forward|||69,066|-||69,066||71,860|
|Totalfundscarriedforward|||67,282|-||67,282||69,066|



The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities. 

The notes on Pages 14 to |8 form part of these Accounts. 

12 



## Divine Restoration Mission Balance Sheet as at 31st March 2021 

||Notes|2021|2020|
|---|---|---|---|
|||£|£|
|Fixed assets||||
|Tangible assets|8|-|-|
|Currents assets||||
|Debtors||26,300|21,300|
|Cash at bank and in hand||42,682|48,866|
|||68,982|70,166|
|Creditors: Amounts falling due||||
|within one year|9|500|500|
|Net CurrentAssets||68,482|69,666|
|Net Assets||68,482|69,666|
|Funds||||
|Unrestricted Funds||68,482|69,666|
|Totalfunds||68,482|69,666|



Approved by the Board of Trustees on the 3Ist January 2021 and signed on its behalf by: 

## Rev Samuel Adeshipe 

Director/Trustee 

The notes on pages 14 to 18 form part of these financial statements. 

13 



## . Divine Restoration Mission Notes forming part of the financial statements for the 

## year ended 31st March 2021 

## |. Accounting Policies 

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the proceeding year. 

## (a) Basis of Accounting 

The financial statements have been prepared under the historical cost convention, as modified by inclusion of fixed assets investments at market value, and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities issued in March 2005. 

## (b) Fund Accounting 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Unrestricted funds include a revaluation reserve representing the restatement of investment assets at market values. 

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes. 

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. 

## (c_) Incoming Resources 

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: 

Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity , are recognised when the charity becomes unconditionally entitled to the grant. 

Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts. 

Invested income is included when receivable. 

Incoming resources from charitable trading activity are accounted for when earned. 

14 



## Divine Restoration Mission Notes forming part of the financial statements for the year ended 3st March 2021 

Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance. 

## (d) Resources expended 

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates: 

Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes. 

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. 

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the accountancy fees and costs linked to the strategic management of the charity. All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. floor areas, per capita or estimated usage as set out in Notes 3-5. 

## (e) Fixed Assets 

Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £1,000 are not capitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, which in all cases is estimated at 8 years. 

Investments held as fixed assets are revalued at mid market value at the balance sheet date and the gain or loss taken to the Statement of Financial Activities. 

## 2. Donations 

|||Unrestricted||Restricted||2021||2020|
|---|---|---|---|---|---|---|---|---|
|||||||Total|||
|||£|£||£||£||
|Donations|-Tithes and||||||||
|Offering||27,827||-||27,827||27,701|
|Investment|Income|-||-||-||-|
|||27,827||-||27,827||27,701|
|||15|||||||





## . Divine Restoration Mission Notes forming part of the financial statements for the year ended 31st March 2021 

## 3. Costs of Generating Voluntary Income 

||Basis of | Church|Basis of | Church|Support|Governance|2021|2020|
|---|---|---|---|---|---|---|
||Allocation<br>a|Work|Cost||||
|Administration|Direct|13,735|-|-|13,735|13,300|
|Support Costs|Direct|-|-|-|-|1,300|
|Premises|Direct|7,506|-|-|7,506|7,175|
|||21,241|-|-|21,241|21,775|
|4. Charitable Activities|||||||
|Ministry|Direct|7,270|-|-|7,270|7,620|
|||7,270|-|-|7,270|7,620|
|5. Governance Cost|||||||
|Professional Fees|Direct|-|600|500|1,100|1,100|
|||-|600|500|1,100|1,100|
|Total Resources|||||||
|Expended||28,511|600|500|29,611|30,495|



## 6. Trustee Remuneration & Related Pay Transactions 

No member of the Board of Directors apart from the Senior Pastor received any remuneration during the year. 

## 7.Taxation 

As a charity, Divine Restoration Mission is exempt from tax on income and gains falling within section 505 of the Taxes Act!988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have risen in the Charity. 

16 



. 

## Divine Restoration Mission Notes forming part of the financial statements for the year ended 31st March 2021 

## 8. Tangible Fixed Assets 

|8. Tangible Fixed Assets||||
|---|---|---|---|
||||2021|
||Motor Vehicle||Total|
||£|£||
|Cost||||
|At<br>| April 2020|-||-|
|Additions||||
|At 3Ist March 2021|-||-|
|Depreciation||||
|At<br>| April 2020|-||-|
|Charge forthe year|-||-|
|At 3Ist March 2021|~||~|
|Net BookValue||||
|At 3ilst March 2021|-||-|
|At 31 March 2020|-||-|
|9. Creditors: Amounts falling due|2021||2020|
|within one year|£|£||
|Accruals & Deferred Income|500||500|
||500||500|



17 



## . Divine Restoration Mission Notes forming part of the financial statements for the year ended 31st March 20721 

## 10. Net incoming resources for the year 

|This is stated after charging:||||2021|||2020|
|---|---|---|---|---|---|---|---|
|||||£|||E|
|Depreciation||||-|||-|
|Audit& Accountancy Fees||||500|||500|
|11. Analysis ofNetAssets Between Funds||||||||
||||General|Designated|_|Restricted|Total|
||||Funds|Funds||Funds|Funds|
||||£|£|£||£|
|Tangible Fixed Assets|||-|-||-|-|
|Current Assets|||68,982|-||-|68,982|
|Current Liabilities|||500|-||-|500|
|NetAssets at 31st March 2021|||68,482|-||-|68,482|
|12. Movements in Funds|At|| April|Incoming|Outgoing||Transfer|At31 March|
|||2020|Resources|Resources|||202!)|
||||[Inc Gains]|||||
|||£|£|£||£|£|
|Restricted Funds:||-|-|-||-|-|
|Total Restricted Funds||“|“|-||-|-|
|Unrestricted Funds:||||||||
|General Funds||69,666|27,827|29,011||-|68,482|
||a|||||||
|Total Unrestricted Funds||69,666|27,827|29,011||-|68,482|
||a|||||||



18 



## Divine Restoration Mission 

## Income and Expenditure Account for the year ended 31st March 2021 

||||2021|2021||2020|
|---|---|---|---|---|---|---|
||£|£|£|£|£|£|
|Income|oo<br>907897-OCO~Cs~‘is‘“‘s~‘“‘C;C;C;~S!”!”!”!”*”*”*TTOL||||||
|LESS OVERHEADS|||||||
|Premises Costs|||||||
|Hire of Hall/Office Rent|7,506|||7,175|||
||7,506|||AL.|||
|Administration|||||||
|Pastors Allowance|13,000|||12,200|||
|Postage and Stationary||645|||988||
|Bank charge||90|||112||
|Telephone& Internet||-|||-||
|SelfStorage Fees||-|||-||
|||13,735|||13,300||
|Ministry|||||||
|Honorarium & music training||-|||-||
|Mission expenses|7,170|||7,520|||
|Evangelical alliance||100|||100||
|||7,270||7,620|||
|Professional Fees|||||||
|Legal Cost||-|||-||
|Accountancy Fees||500|||500||
||||500||500||
|Support Costs|||||||
|Depreciation||-|||-||
|Sundry Equipment||-|||1,300||
||||-||1,300||
||||29,011|||29,895|
|Surplus/Deficit forthe year|||-|1,184|-|2,194|
|Surplus broughtforward|||69,666|||71,860|
|Surpluscarriedforward|||68,482|||69,666|



This page does not form part of the statutory accounts. 

19