Report and Financial Statements For the year ended 31st March 2025 Divine Restoration Mission Charity No: 1127872
Divine Restoration Mi5SiO page Legal and Administrative Inforiration eport of the Trustee 4t09 Independent Examinei-'s report Ioto 11 Statement of Financial Activitie5 Balance Sheet Notes lormli)g part of the financial stttements 14to IB The following page does not form pavt of the Statutory Accounts Income and Expenditure Account 19
Divine Restoration Mission al and Administrative informatio Chari Name: Divine Restoration mI10n Charit Re istration Number. 1127872 istered Office and Robert Clacl< Leisure centre, Gosfield Road, Dagenham, RM8 1 DN erational Address. irectorslTrustees: Rev Samuel Adeolushola Adeshipe Pastor Grace Abosede Adeshipe Pastor Strphen Adewole Rey Samuel Adeshipe Inde endent Exami Samuel Durolaiye FCPA Samuelson and Co UK Ltd Certified Public Accountants 596 Kingsland Road Hacl(ney, London E8 4AH Banlcers ' Unity Trust Ban1< PLC Nine 8rindley place Blrmlngham BI 2HB Nationwide Building Society I l A George Street Croydon CR9 IHP
Divine Restoration Mission ort of the Trustees for the Year Ended 31 st March 2025 The Trustees present5 its report and fin74ncial statements for the year ended 31 st March 2025. Our Aims and Ob'ectives ose and Ai Our Charity's purposes as Set out in the objects contained in the Decla¢*00 of Trust 2re .' a. to advance the Christian faith in accordance wich our Ststement of beliefs in such ways and in such parts of the United Kingdom or the world as the Trustee5 from time to time may think fit,. b. to relieve sickness and financial hLrdship and to promote 2nd preserve good health by the provision of funds, goods or seIceS of any l<ind, 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 guch wiys and in such parts of the United Kingdom or the world as the Trustees from time to time may thinlc fiL The aims of our charity are to preach the gospel in the city of London with an operational focus throughout London. Ensurin O Work Delivers Our Aims We review our aims, objectives 2nd activities each year. This review looks at what we achieved and the outcomes of o¢Ji- worlc in the previous 12 month5. The review look5 at the 5ucce5s of each Icey activity and the benefits they have brought to those groups of people we are set up to heip. The review also helps us ensure our aim objective5 and accivities remained focused on oui- stated pui'poses. 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 activitie5. In particular, the trustees consider how planned activities will contribute ¢0 the aims and objectives they have set. The Focus of Our orlc Our main objectives for the year continued to be the advance of the Christian religion and the relieve of poverty and siclcne55. The strategie5 we used to meet these objectives included.. l. Provision of W&kly Church Seivices on Sunday to minister to the physical, spiritual and m2tei'i&l needs of the congregants. 2. Provision of Special Events and Meetings to meet the specific needs of target groups in the Chui-ch such as Men, Women, Youth ind Children. 3. Focusing on the Material needs of cèrtain members under-going difficult financial situations.
Divine Restoration Mission ort of the Trustees for the Year Ended 31 st arch 2025 4. Worlcing with other Christian agencies and Chui-che5 in London to advance the piEaching of the Gospel. 5. Provision of Pastoral Care for Congregant5 ind other members of the commullity 6. Missionary and Outreach Worlc How Our Activities Deliver Public Benefit Our mkin activities and who we try to help are described below. All our charitable activities focu5 on the advancement of the Christian religion and the relief of poverty and siclcness. ho used and benefited from our Services7 Our Church servic 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 considerntion to the seeliers oi. new comers in our midst who may not r*ecessarily have a church background and as such may not understand the processes and procedures of Christianity. We have also helped reliet poverty and hardship amongst both regular 2nd irregular congregants who are suffering from a period of financial hardship due to unemployment and lack of fin2ncial resources. Financial Review Dijring the year we have been successful in raising a total income of £29464 Princi al Fundin The principal funding sources for the charity ai"e currently by way of Donations and Gifts from congregant5 through the offering basliet passed during Church services and though banlc standing orders. We have exercised our right to reclaim the w on the donations and gifts receiyed from the congregants and this has proved a steady and growing source of additional income. Investment Polic The Charity has cash th&t are Set out in the Charity balance sheets, The objective of the Invtment policy is to invest In cash it banks where the pitaL is protected. Banlc interest income Wds achieved in the period The Charity currently has a policy of Iceeping any sui-plus liquid funds in cash at banl<s where immediate aCcS and security of funds is gua17nteed.
Divine Restoration Mission ort of the Trustees for the Year Ended 3 1st March 202 Reserves Polic The Board of Trustees has examined the Chari¢y's requirements for reserve5 in light of the main rislcs to the organisation. IL has e5tabli5hed 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 2025 is £56106 and the targeted reserves should be between £14027 and £28054 in general funds. The I'eserves are needed to meet the working capital requireTnents of the charity 2nd the trustees are confident that at thi5 level they would be able to continue the current actlvities of the Charity in the event of a significanc drop in fullding. This general reserve policy was met and exceeded as in earlier years. Plans fov Future Period The Charity plans continuing the activities outlined above in the forthcoming year5 subject to sat15factory funding arrangements. Structure Governance and Mana ement Governin cument 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 che event of the Charity wound up metnbers are required to so decide by three-quarters majority. Recruitment and A ointment of Trustees The trustees who are also charity trustees for the purposes of charity law are in charge of the strategic direction of the char-itable trust. Under the requirements of the Decliration of Trust che trustees 2re elected to serve for a period of three years aftei- which they must be I"e-elected at the next Annual General Meeting. All trustees except the Seiiior Pastor give their time voluntarily and receive no benefits from the charity. Due to the natiire ol Church worlc, trustee5 appointed have been so selected on the basi5 of their faith, sti'ength of Character, slcills set in the area of business management and growth and commitment to the vision of the charity.
Divine Restoration Mission ort of the Trustees for the Year Ended 31 st March 2 Trustees Induction and Trainin Most trustees al-e already familiai- With the practical worli of the charity having been friends of the Church for a nuinber of years. Additionally, new trustees are invited and encoui'aged to function in the c2pacity as friends of the Church in order to understand the offerings of the Church and its marl<et. Additionally new trustees would be invited as required and encouraged to attend a series of short training sessions to familiarise themselves with the charity the Context within which it operates. These sessions would be jointly led by the Ch2ir of Trustses and the Chief Executive or Senior Pastor of the Charity and cover.. The Obligations of Trustee5 The Main doc¢Jments which set out the oper3tion&l framework for the charity including the Declaration of Trust Resourcing and the current financial position as set out in the latest published accounts FtUre plans and objectives A Question & Answer pack would be prep3red which draws informatlon from various Charity Commission publications signposted through the Commission's guide "the Essential Trustee as 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 Mana emen The Trustees have identilied the major strategic risks to which Divine Restoration Mission is exposed to and has established controls and action5 to mitigate them. Each year, rssk assessment5 tslce place at our office and are subject to continual review and monitoring. The Trustees tslce ail appropriate steps to moderate and manage the inevitable operatlonal ris1<5 to which volunteers staff and assets of Divine Restoration Mi55ion are exposed. Competence based training for Volunteers employers liability insurance, monitoring of new legislative requirements are examples of step5 taken. In particular there are policies and procedures for children and vulnerable adults protection and for health and safety risks. Fuithermore a ris1< register is to be established and update at least annually.
Divine Restoration Mission ort of the Trustees for the Year Ended 3 1st ch 2025 anisation Divine Restoration Mission is governed by a Board of Trustee5 elected to serve the charity and run its alfalrs. Annually the Board revi2WS tlie range of slcills 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 critersa are meL The Board at'e assisted by Departmentsl leaders. The Board of Trustees meet quarterly and are responsible for the sttztegic direction ind Folicy of the Charity, A scheme of delegation is in place and day to day responsibility for the provision of the seivices rest with the Senior Pastor who is also the Chief Executive. He is assisted by volunteers. Res onsibilities of the Trustees Charity law require5 the Trustee5 to prepare financial statements for each financi21 year which ve a true and fair view of the state of aflairs of the charitsble trust as at the balance sheec date and of its incoming resources and applicitions of r¥ource5, including income and expenditure, for the financial year. In preparing those financial sthtements the Trustees should follow best practice and . Select %Uit2ble accounting policies and then apply them consistently., Make judgements and estimates that are reasonable and prudettt Prepare the financial statements on the on going basis unless ie is Inappropriate to presume that the eharity will continue on that basi5. The Trustees are responsible for malntaining proper accounting record5 which disc105e with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with ChariLy Act of 201 l. The Trustees are also resptsnsible for safeguarding the assets of the Charity and hence for taking reasonabSe steps for the prevention and detection of fraud and other irregularitie5.
Divine Re5tovation Mission ort of the Trustee5 for the Ended 31 st March 025 Members of the rd of Trustees Members of the Board of Trustees, and trustees for the purwse of charity law, who served during the year and up to the date of this report are Sec 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 21-e unaware,. and as the trustees of the chai-ity we have talcen all stsps that we ought to have talcen i order to make ourselves aware of any i-elevknt information and to establish that the Charity's accounr3nts aiT aware of that information,. This report has been prepared by order of trustees.. Rev Samuel Ade5hipe
Divine Restoration Mission
Inde
endent Examiners Re
to the Trustees of Divine Restoration Mi55iO
ear ended 31
Ych 2025
for the
I report on the account5 of the charity for the year ended 31 st f4arch 2025, which are set out on pages
7t0 13.
Re5
ective res
onsibilities of tv
ees and examiner
The trustees {who are also the directors of che organisLtion are rPOnSible for the preparation of
The trustees consider that an audit is not required for this yeai. under section 144121 of the
Charities Act 2011 (201 l Act) and th2t an independent examination is needed.
The charity's gros5 income did not exceed £250,000 and l am qualified to undertal<e che examination
by being a fellow of the Certified Public Accountants Association.
Having satisfied myself that the charity is not subject to audit undei. company law and is eligible for
independent examination, it is my responsibility to..
U examine the accounts under seccion 145 of the 201 l Act,,
to follow the procedures laid down in the general Dlrection5 given by the Charity Commission
under section 145{51(b) of the 201 l Act-, and
O to stats whether particular matters have come to my attsntion,
Basis of inde
en
nt examiner s ro
ort
My examination was carried out in accordance wth the genet71 Directions given by the Charity
Commission. An examination includes a i-eview of the a¢countillg records l
Divine Restoration Mtssion endent Examiners Re ort to for the ear ended 31 st Marc Trustees of Divinè Restor tion ission 2025 Inde endent examiner s statement In connection with my examination, no matter has come to my attention.. 1 l ) which give% me reasonable cause to believe that in any material respect the requirements.. I to keep accounting records in accordance with section 386 of the Companies Act 2006. and to prepare accounts which accoi'd with the accounting records, comply with the accounting requirements of section 396 of the Companie5 Act 2006 and wich the methods and principles of the Statement of Recommended Pr2Ctice.' Accounting and Reporting by Ch&ritie5 have not been met.. or 12) to which, in my opinion, attentson should be drawn in order to enable a proper understanding of the accounts to be reached. Samuel Durojaiye FCPA Samuelson & Co UK Ltd Certified Public Accountants 596 Kingsland road Hackneyi London E8 4AH
Divine Restoration Mission Statement of Financial Activities for the ar ended 3 1st March 2025 includin Income dEx enditure Account 2025 Unrestricted Restrictttd Funds 2025 2025 2024 Total Tot21 Funds Funds Funds Notes Incornin resources Incomin resources from erated funds: Voluntary Income.. Donations Offering5 29,464 29,464 26,127 Total incomin resources 29,464 29,464 26,127 Resources ex ended Cost of enerat. funds Costs of generating voluntary income 22,649 22,649 23,147 Charity activitie5 32,957 32,957 23,555 Governance Costs 500 500 500 Total resource5 ex ended 56,106 S6,106 47,202 Net Incomin befoye other reco resour 26,642 26,642 21,07S nised ains Net movement tn funds Reconciliation of Funds Total funds brought forward 26,642 26,642 21,075 59,275 59,275 80,350 I funds carried forward 32,633 32,633 59,275 The statement of fir)ancial 2etivitie5 indudes all gains and losses in the year. All incoming sources and resources expended derive fi-om continuing activiti. The notes on Pages 14 to 18 form parc of these Accounts. 52
Divine Restoration Mission alance Sheet a5 at 3 1st March 2025 Notes 2025 2024 Fixed assets Tan ible assets rrent5 assets Debtors Cash at bank and in hand 5,000 27,535 7,834 Sl,941 32,535 59,775 Credi rs: Amounts fallin due within one ear 500 500 Net Cuvrent Assets 32,035 59,275 Net Assets 32,035 59,275 Funds Unrestricted Funds 32,633 59,275 Total funds 32,633 59,275 Approved by the Board of Trustees on the 5th December 2025 and signed on its behalf by.. Rev Samuel Adeshipe DirÉctorlTrustee The notrs on pages 14 to 18 form pare of these financial statements. 13
Divine Restoration Mission Notes formin art of the fin ial statements for the ear ended 31 st March 2025 l. Accou in Policies The principal accounting Politi are suminarised below. The accounting policies have been applied consistently throughout the year and in the proceeding yeai-. Basis of Accounti The financial statements have been prepared under the historical cost convention, as modified by inclusion of fixed assets investments ar market value, and In accordance with the Statement of Recommended Practice: Accounting and Reportlng by Chiritie5 issued in Narch 2005. Fund Accountin Unrestricted lunds are alIable for use tt the dlscretion of the trustees in further2nce of the general objectyves of the charity. Unrestricted fund5 include a revaluation re5erYe representing the restatement of investment 2ssets at market YUeS. 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 term5 of an appeal. Incomin Resources All incoming resources al-e intluded in the statement of financial activities when the charity is entitled to the income and the amoijnt can be qtjintified with reasonable accuricy. The following specific policies are applied to ydrticular categories of income.. Voluntary Income is received by way of grants, donations and gifts and is included in full in the Stacement of Financial Activities when I'eceivable. Grants, where enticlement 15 not conditional on the delivery of a specific performance by the charity, are recogni5ed when the charity becomes unconditionally entitled to the gi-ant, Donated services and facilities are included at the value to the char'ity where thls can be quantified. The value of services provided by volunteers has not beèn included in these accounts. Invested income is included when recelvable. Incoming resources from charitable trading actiyity are accounted for when earned. 14
Divine Restovation Mission Notes formin art of the financial st temen or the ear ended 3 1st March 2025 Incoming resources from grants, where relatrd to performance and specific delivernbles, are accounted foi. as the charity earns the right to considerdtion by its performance. urces e ended Expenditure is IEcognised on an accrual basis as i liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as P7¢1 of the expenditure to which it relite5.' Costs of generating funds comprise the costs associated with at¢ricting voluntai'y income and the costs of trading for fundraising purposes. Charitable expenditure comprises those costs 5ncurred by the charity in the delivery of its acuvlties nd services for its beneficiariw. It includes both co%ts that can be allocated directly to such activities Ind those costs of an indirect nature necessary to SL¢pport them. Govemanee costs include those costs associated with mting 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 i-eflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. floor are2SI per capita or estimated usage as set out in Not£s 3-5. (oLFixed Assets Fixed assets (exclijding It)vestmcnts) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £ 1,000 are not capitalised. Depreciation 15 provided at rate5 calculatcd to write off the cost of ch asset over its expected useful life, which in all cases is estimated at 8 years. 2. Donation Unrestricted Restvlcted 2025 2024 Total Donations Tithe5 and Offering 29,464 29,464 29,464 29,464 26,127 26,127 15
Divine Restoration Mi5SlOn t of the financi statements for the ear ended 3 1st March 2025 3 Costs of Generatin olunta Income Basis of Allocation Church Support C05t Governance 2025 2024 Work Administration Direct 14,896 14,896 3,024 4.729 Support Costs Premise5 Direct 3,024 5,300 4,716 Direct 4,729 19,625 3,024 22,649 23,147 4. Char Activitie5 Ministry Direct 32,957 32,957 23,5S5 32,957 32,957 23,555 5. Gov e Cost Professional Fee5 Direct 500 500 500 500 soo 500 Total Resources ended 52,582 3,024 500 56,106 47,202 6. Trustee ration & Related Pa Transaction No member of the Board of Directors apart from the Senior Pastor received any remuneration during the ye2r. 7. Taxation As a charity, Divine Restoration Mission Is exempt from tax on income and gains falling within sectlon 505 of the Taxes Actl 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 i-iseii in the Charity. 16
Divine R t ration Mission Notes formin art of the financial statements for the ear ended 31 st March 2025 8. Tan ible Fixed Asset Hotor Vehicle 2025 Totsl Cost At l April 2024 Addition5 At 31 st Mairh 2025 reciation At l April 2024 Chai-ge for the year Ac 31 sc Mairh 202S Net Bool At 315t M#rch 2025 At 31 March 2024 9. Creditors: Amount$ falling due within one year Accrua15 & Deferred Income 2025 2024 500 500 500 500 17
Divine Restoration Mission in art of Notes for ial statements for the ear ended 3 1st March 2025 l O. Net incomin resources for the ear This is stated after chav in 2025 2024 Depreciation Audit & Accountydncy Fee5 500 500 11.Anal sis of Net A55ets Between Funds General Designated Funds Resti'icted Total Funds Funds Funds Tanglble Fixed Assets Current A55ets 27,535 500 27.535 500 Current Liabilitie5 et Assets at 31 st March 2025 27,035 27,035 12. Movements in Funds At S April Incoming 2024 Resources Outgoing Resources Transfer At 31 March 2025 [Inc Gains Rest tcted Funds. Total Restricted Fund5 Unrestricte Genernl Funds 59,275 29,464 56,106 32,633 Tot31 Unrestricted Funds 59,275 29,464 56,106 32,633 unds 59,275 29,464 56,106 32,633 18
Divine Restoration Mission Income and E enditure Accoullt for the ear ended 31st March 2025 2025 2024 Income 29,464 26,127 LESS OVERHEADS Premises Costs Hire of Haiiioifice Rent 4,729 4,716 4,729 4,716 Administration Pastors Allowance 13,000 930 10,865 1,480 420 Pi'inting and Statlonery Insurance 659 Telephone & Internet Service Charge 260 366 47 14,896 Minist Honorarlum & mu51t trainlng Evangelism Mission expenses Evangelical alliance 300 250 12,001 11,204 100 16,436 32,957 23,555 Professional Fees Legal Cost ACcoUtancY Fee5 500 500 500 ort Costs Depreciatio Trivel Expenses 3,024 5,366 3,024 5,300 56,106 26,642 59,275 32,633 47,202 21,075 80,350 59,275 SurpluslDeficit loi- Lhe year Surplus brought foiward Surplu5 car'ried forward This page does not fortn part of the statutory accounts. 19