2020-12-31-accounts - Restoration Centre Charismatic Renewal Ministry

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees' Annual Report for the period

Period start date Period end date Day 01 Month Year 2020 Day 31 Month Year 2020 From January To December

Section A Reference and administration details

Charity name Restoration Centre Charismatic Renewal Ministry Other names charity is known by Restoration Centre Registered charity number (if any) 1136581

Charity's principal address 49 Adelaide Road

Tilbury Essex Postcode RM18 7BD

Names of the charity trustees who manage the charity

TAR 2019

Trustee name	Office (if any)	Dates acted if not for whole year
Mr Moses Oboite	Chair
Mrs M. Olubunmi Yemi-Akala	Treasurer
Mrs Stella Oboite	Secretary
Mrs Rosalia Oboh	Member
Mr Daniel Agbonson	Building Project Chair















Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name		Dates acted if not for wholeyear

Names and addresses of advisers (Optional information)

Type of adviser	Name	Address




Name of chief executive	or names of senior staff members(Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

TAR 2019

Constitution

Type of governing document

(eg. trust deed, constitution

How the charity is constituted

Charity

(eg. trust, association, company)

Trustee selection methods

Appointed by Church Elders

(eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

TAR 2019

a. The advancement of Christianity
b. ‘The relief of poverty, sickness and distress’

The primary activities of Restoration Centre is currently focussed on preaching and teaching the Gospel of Jesus Christ through its various programmes. This year the following activities were delivered virtually via Zoom:

➢ Bible Study weekly
➢ Weekly Sunday Celebration Service
➢ Children and Youth Sessions & Programmes
➢ Interactive Christian Faith Studies
➢ Christian virtual counselling and prayer support
➢ Prayer Support for families and the community
➢ Faith-based family mentorship
➢ Enriching programmes for men and women
➢ Prayer meetings for families, the Community, the Nation and the UK Government

TAR 2019

a) The advancement of Christianity.

b) The relief of poverty, sickness and distress.

c) To advance education in accordance with Christian principles in the said borough of Thurrock and also support other charities that provide such activities in other parts of the United Kingdom or the world as the trustees may from time to time think fit.

d) To promote and fulfil such other charitable purposes beneficial to the community in the said borough of Thurrock and also support other charities that provide such activities in other parts of the united kingdom or the world as the trustees may from time to time think fit.

Main activities undertaken:

1) Deep teachings around the theme- The Mystery of Godliness. There were Biblical exposition on the following:

a) Becoming like Christ

b) The power of Godly living

c) Dwelling in His secret place

d) The power of His Resurrection

e) Creating your world with God’s word

f) Stirring up God’s gift in you

g) Overcoming the spirit of fear

h) Walking with God

i) Building up your faith

There were many teachings on faith and hope, rejecting fear, to encourage and support families and communities during the challenging year. Extensive Biblical teachings on how to be closely drawn to God, and experience God in a new dimension were taught. The importance of fellowshipping with others virtually was emphasised in the Bible teachings.

2) Father’s Day celebration was enjoyed by many virtually via zoom.

3) Annual Convention: The theme of the convention was “Mystery of Godliness”, this was a virtual programme via zoom where people from all over the world had the opportunity to participate online. It was a Convention designed to strengthen families, children and youth, bring hope and joy to many and lift up the spirit of many going through hard and difficult times. Workshops-

Covid-19 government regulations and requirements
• Health and Safety in the Pandemic

4) Mother’s Day event: Women in the Community participated virtually. It was an opportunity to celebrate Womanhood, highlighting the role of Godly women in our communities.

5) Leadership Training programmes delivered online to equip men and women to be effective leaders in the society.

TAR 2019

Summary of the objects of the charity set out in its governing document

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

TAR 2019

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

Section D Achievements and performance

TAR 2019

Section D Achievements and erformance p

Summary of the main achievements of the charity Weekly Sunday celebrations: RC continued to hold online virtual services during the year for children, youth and everyone in the community. The service includes singing and praising God, biblical teachings that drew people to God where they found hope and strength to stay strong in the face of diverse challenges. The teachings helped in building many people’s faith and trust in God.

Covid-19 Government Regulations: There was a workshop delivered online via zoom and it successfully provided clarity of the various tiers in the lockdown and what their rules were. Signposting people to where they can get help when required. In readiness to returning to actual services, ventilation of the building area was improved, the one way system was put in place. The signs, e.g., 2meters social distancing, face masks and hand sanitisers were installed in the hall. Online Platform: RC increased its online presence through this period, ensuring that the spirit lifting messages were aired worldwide The Keeping in touch plan put in place to reach out to the vulnerable and the elderly who were isolating, ensured that the elder people were not isolated. Their shopping was done by the volunteers in the Church.

The weekly outreach programmes have impacted a lot of lives in Tilbury and in the wider world because it was online, resulting in lives connecting to God and God’s family. The Outreach team provided support for the elderly and families in the community. As part of the reaching out to the community, families, gift items were donated to people in the community. The Men and Women groups had formal and informal online meetings as much as possible to provide support to one another and share experiences of our they’ve been manging the situation around them in lockdown.

TAR 2019

Section E Financial review

Restoration Centre CRM has a policy of keeping auditable recordings Brief statement of the charity’s and banking all of its receipts and other funds in Restoration Centre’s policy on reserves bank account. The year, there was an increase in bank transfer because the services were held online Details of any funds materially Funds are channelled towards such charitable causes as covered by the in deficit objectives of Restoration Centre CRM and the Church Building project. Further financial review details None (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) M O Yemi-Akala Full name(s) Martina Olubunmi Yemi-Akala Position (eg Secretary, Chair, Treasurer etc)

TAR 2019

Date 26 October 2021

TAR 2019

Registered Charity Number: 1136581

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Report of the Trustees and Financial Statements

For The Year Ended 31 December 2020

Pete Petros & Co. (Accountants)

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Contents of the Financial Statements for the Year Ended 31 December 2020

	Page
Report of the Trustees	2
Statement of Financial Activities	3
Balance Sheet	4
Notes to the Financial Statements	5-6
Detailed Statement of Financial Activities	7

~ ~ 1

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Report of the Trustees for the Year Ended 31 December 2020

The Trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in March 2005 in the preparation of the financial statements.

REFERENCE AND ADMINISTRATIVE DETAILS

Restoration Centre Charismatic Renewal Ministry (formally Restoration Centre) was registered as a full-fledged Charity Organisation with Charity Commission (Registration No. 1136581) on 24[t h] of June 2010. The Ministry is affiliated to Charismatic Renewal Ministries UK.

Principal Address

Restoration Centre Charismatic Renewal Ministry 49 Adelaide Road, Tilbury, Essex. RM18 7BD.

Trustees

Moses Oboite (Pastor) Stella Oboite (Mrs) Rosalia Oboh (Mrs) Daniel Agbonson (Mr) Olubunmi Yemi-Akala (Mrs)

Bankers

Barclays Bank Plc. 2, High Street, P. O. Box 1, Chelmsford, Essex. CM1 1BG.

Accountants

Pete Petros & Co.

(Accountants) 53 Essex Road, Barking, London. IG11 7QN.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

Risk Management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

ON BEHALF OF THE BOARD

------------------------------------------------------------------Trustee Date

~ ~ 2

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Statement of Financial Activities for the Year Ended 31 December 2020

INCOMING RESOURCES Voluntary Income Gift Aid Cost of generating funds Costs of generating voluntary income Nett Income RESOURCES EXPENDED CRM UK Remittance Management Costs Depreciation Charitable Activities TOTAL RESOURCES EXPENDED NET INCOMING RESOURCES	Notes (1) (2)		2020 £ 37,018 14,069 51,087 - 51,087 2,550 3,566 - 6,831 12,947 38,140	2019 £ 64,337 9,287 73,624 - 73,624 2,685 1,375 504 7,019 11,583 62,041

The page forms part of these financial statements

~ ~ 3

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Balance Sheet at 31 December 2020

Fixed Assets Tangible assets Current Assets Cash and bank balances Debtors Creditors Amounts falling due within one year Net Current Assets Total Assets Less Current Liabilities CREDITORS Amount falling due after more than one year Net Assets Funds Restricted fund brought forward Restricted fund for the year Total restricted fund Unrestricted fund brought forward Unrestricted fund for the year Total unrestricted fund Total Funds	Notes (5) (6) (7) (8)	2020 £ 24,267 16,444 40,711 ( 3,519 ) 125,961 2,086 254,107 36,054	£ 381,016 37,192 418,208 - 418,208 128,047 290,161 418,208	2019 £ £ 341,406 38,667 3,162 41,829 (3,167) 38,662 380,068 - 380,068 107,989 17,972 125,961 210,038 44,069 254,107 380,068	2019 £ £ 341,406 38,667 3,162 41,829 (3,167) 38,662 380,068 - 380,068 107,989 17,972 125,961 210,038 44,069 254,107 380,068
					125,961 254,107
					380,068

The financial statements were approved by the Trustees on .........................and were signed on their behalf by:

............................... Trustee

The page forms part of these financial statements

~ ~ 4

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Notes to the Financial Statements for the Year Ended 31 December 2020

1 ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2007), the Charities Act 1993 and the requirements of the Statement of Recommended practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accrual basis, and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with use of resources.

Fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture, Computer and Musical equipment: 25% on cost.

Building: All costs incidental towards the acquisition, improvement, and renovation of church building has been capitalised. While work continues on the new church, it started being put to use from the 16[th] of June 2019 in other to save cost. However, no amortisation on the building until work is completed.

Taxation

The Trustees believe the Charity is not liable to tax on its charitable activities.

Funds accounting

Unrestricted funds can be used for the objectives of the charity, at the discretion of the Trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when so specified by the donor or when funds are raised for specific purposes.

2 CRM UK REMITTANCE This represents 10% of gross incoming voluntary funds effective from September 2018; it is due to Charismatic Renewal Centre UK, the mother church.

3 TRUSTEES’ REMUNERATION, BENEFITS AND EXPENSES There were no Trustees’ remuneration, benefits, or expenses paid during the year ended 31 December 2020, or any period since the inception of the charity.

4 STAFF COSTS There were no staff costs for the year ended 31 December 2020, or any period since the inception of the charity.

~ ~ 5

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Notes to the Financial Statements for the Year Ended 31 December 2020 (Continued )

5 FIXED ASSETS:

Cost At 1 January 2020 Additions during the year At 31 December 2020 Depreciation At 1 January 2020 Charge for the year At 31 December 2020 Net Book Value At 31 December 2020 At 31 December 2019	Furniture £ 252 - 252 251 - 251 1 1	Computer & Musical Equipment £ 4,408 - 4,408 4,407 - 4,407 1 1	Building £ 341,404 39,610 381,014 - - - 381,014 341,404	TOTAL £ 346,064 39,610 385,674 4,658 - 4,658 385,674 341,406

6 DEBTORS: Amounts falling due within one year

2020 £ Wrong debits by bank (Refunded in 2020) - Advances to members 2,375 2,375 7 CREDITORS: Amounts falling due within one year 2020 £ Accruals 969 Charismatic Renewal Centre UK 2,550 3,519	2019 £ 262 2,900 3,162 2019 £ 968 2,199 3,167

~ ~ 6

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Detailed Statement of Financial Activities for the Year Ended 31 December 2020

INCOMING RESOURCES Voluntary income Restricted fund Building fund Unrestricted funds Tithes Offerings Thanksgiving Missions Care Total unrestricted funds Total voluntary income Costs of generating voluntary income Nett Income Gift Aid TOTAL INCOMING RESOURCES OUTGOING RESOURCES Administrative expenses CRM UK Remittance Management Costs Utilities Depreciation Total administrative expenses Charitable activities Honorarium Children Class and Development Family Care Community Events Training Community Outreach Literature Conference and convention Total charitable activities TOTAL OUTGOING RESOURCES NETT INCOMING RESOURCES	2020 2019 £ £ £ 2,086 25,532 27,424 8,343 15,392 988 3,295 - 16 69 238 34,932 37,018 - 37,018 14,069 51,087 2,550 2,685 750 1,375 2,816 - - 504 6,116 4,564 550 1,350 - 2,302 2,500 1,450 3,524 - 257 - - 1,455 - 462 6,831 7,019 12,947 38,140	£ 17,972 46,365 64,337 - 64,337 9,287 73,624 11,583 62,041

This page does not form part of the statutory financial statements

~ ~ 7

Registered Charity Number: 1136581

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Report of the Trustees and Financial Statements

For The Year Ended 31 December 2020

Pete Petros & Co. (Accountants)

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Contents of the Financial Statements for the Year Ended 31 December 2020

	Page
Report of the Trustees	2
Statement of Financial Activities	3
Balance Sheet	4
Notes to the Financial Statements	5-6
Detailed Statement of Financial Activities	7

~ ~ 1

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Report of the Trustees for the Year Ended 31 December 2020

REFERENCE AND ADMINISTRATIVE DETAILS

Principal Address

Restoration Centre Charismatic Renewal Ministry 49 Adelaide Road, Tilbury, Essex. RM18 7BD.

Trustees

Moses Oboite (Pastor) Stella Oboite (Mrs) Rosalia Oboh (Mrs) Daniel Agbonson (Mr) Olubunmi Yemi-Akala (Mrs)

Bankers

Barclays Bank Plc. 2, High Street, P. O. Box 1, Chelmsford, Essex. CM1 1BG.

Accountants

Pete Petros & Co.

(Accountants) 53 Essex Road, Barking, London. IG11 7QN.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

Risk Management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

ON BEHALF OF THE BOARD

------------------------------------------------------------------Trustee Date

~ ~ 2

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Statement of Financial Activities for the Year Ended 31 December 2020

INCOMING RESOURCES Voluntary Income Gift Aid Cost of generating funds Costs of generating voluntary income Nett Income RESOURCES EXPENDED CRM UK Remittance Management Costs Depreciation Charitable Activities TOTAL RESOURCES EXPENDED NET INCOMING RESOURCES	Notes (1) (2)		2020 £ 37,018 14,069 51,087 - 51,087 2,550 3,566 - 6,831 12,947 38,140	2019 £ 64,337 9,287 73,624 - 73,624 2,685 1,375 504 7,019 11,583 62,041

The page forms part of these financial statements

~ ~ 3

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Balance Sheet at 31 December 2020

Fixed Assets Tangible assets Current Assets Cash and bank balances Debtors Creditors Amounts falling due within one year Net Current Assets Total Assets Less Current Liabilities CREDITORS Amount falling due after more than one year Net Assets Funds Restricted fund brought forward Restricted fund for the year Total restricted fund Unrestricted fund brought forward Unrestricted fund for the year Total unrestricted fund Total Funds	Notes (5) (6) (7) (8)	2020 £ 24,267 16,444 40,711 ( 3,519 ) 125,961 2,086 254,107 36,054	£ 381,016 37,192 418,208 - 418,208 128,047 290,161 418,208	2019 £ £ 341,406 38,667 3,162 41,829 (3,167) 38,662 380,068 - 380,068 107,989 17,972 125,961 210,038 44,069 254,107 380,068	2019 £ £ 341,406 38,667 3,162 41,829 (3,167) 38,662 380,068 - 380,068 107,989 17,972 125,961 210,038 44,069 254,107 380,068
					125,961 254,107
					380,068

The financial statements were approved by the Trustees on .........................and were signed on their behalf by:

............................... Trustee

The page forms part of these financial statements

~ ~ 4

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Notes to the Financial Statements for the Year Ended 31 December 2020

1 ACCOUNTING POLICIES

Accounting convention

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture, Computer and Musical equipment: 25% on cost.

Taxation

The Trustees believe the Charity is not liable to tax on its charitable activities.

Funds accounting

Unrestricted funds can be used for the objectives of the charity, at the discretion of the Trustees.

2 CRM UK REMITTANCE This represents 10% of gross incoming voluntary funds effective from September 2018; it is due to Charismatic Renewal Centre UK, the mother church.

4 STAFF COSTS There were no staff costs for the year ended 31 December 2020, or any period since the inception of the charity.

~ ~ 5

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Notes to the Financial Statements for the Year Ended 31 December 2020 (Continued )

5 FIXED ASSETS:

Cost At 1 January 2020 Additions during the year At 31 December 2020 Depreciation At 1 January 2020 Charge for the year At 31 December 2020 Net Book Value At 31 December 2020 At 31 December 2019	Furniture £ 252 - 252 251 - 251 1 1	Computer & Musical Equipment £ 4,408 - 4,408 4,407 - 4,407 1 1	Building £ 341,404 39,610 381,014 - - - 381,014 341,404	TOTAL £ 346,064 39,610 385,674 4,658 - 4,658 385,674 341,406

6 DEBTORS: Amounts falling due within one year

2020 £ Wrong debits by bank (Refunded in 2020) - Advances to members 2,375 2,375 7 CREDITORS: Amounts falling due within one year 2020 £ Accruals 969 Charismatic Renewal Centre UK 2,550 3,519	2019 £ 262 2,900 3,162 2019 £ 968 2,199 3,167

~ ~ 6

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Detailed Statement of Financial Activities for the Year Ended 31 December 2020

INCOMING RESOURCES Voluntary income Restricted fund Building fund Unrestricted funds Tithes Offerings Thanksgiving Missions Care Total unrestricted funds Total voluntary income Costs of generating voluntary income Nett Income Gift Aid TOTAL INCOMING RESOURCES OUTGOING RESOURCES Administrative expenses CRM UK Remittance Management Costs Utilities Depreciation Total administrative expenses Charitable activities Honorarium Children Class and Development Family Care Community Events Training Community Outreach Literature Conference and convention Total charitable activities TOTAL OUTGOING RESOURCES NETT INCOMING RESOURCES	2020 2019 £ £ £ 2,086 25,532 27,424 8,343 15,392 988 3,295 - 16 69 238 34,932 37,018 - 37,018 14,069 51,087 2,550 2,685 750 1,375 2,816 - - 504 6,116 4,564 550 1,350 - 2,302 2,500 1,450 3,524 - 257 - - 1,455 - 462 6,831 7,019 12,947 38,140	£ 17,972 46,365 64,337 - 64,337 9,287 73,624 11,583 62,041

This page does not form part of the statutory financial statements

~ ~ 7