## **Trustees' Annual Report for the period**
Period start date Period end date Day 01 Month Year 2021 Day 31 Month Year 2021 **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 2021
|
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (if any) **|
|---|---|---|---|---|
||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 2021
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 2021
## **Summary of the objects of the charity set out in its governing document**
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.
**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**
The primary activity of Restoration Centre is currently focussed on advancing Christianity through preaching and teaching the Gospel of Jesus Christ through its various outreach programmes, weekly hybrid (actual and virtual) meetings.
The following activities were carried out in the reporting year:
- ➢ Weekly Bible Study
- ➢ Weekly Sunday Celebration Service
- ➢ Children and Youth Sessions & Programmes
- ➢ Interactive Christian Faith Studies
- ➢ Christian counselling and prayer support
- ➢ 24- Hour Prayer Chain
- ➢ Faith-based family mentorship
- ➢ Enriching programmes for men and women
- ➢ General Prayer meetings for families, the Community, the Nation and the UK Government
- ➢ Parent Seminar:- Parenting with Passion
- ➢ Annual Conference 2021
- ➢ Choir Training Course (Online)
TAR 2021
**Main activities undertaken:** 1) Deep teachings within our communities on the theme- **Exceeding Joy** , through the following teaching topics: a) Rejoice in the Lord b) The Ultimate source of Joy c) Everlasting Joy starts here and now d) Avoid Joy killers e) The Joy of keeping the faith f) The Joy of a true disciple g) The Joy of Christmas h) Assessing the Joy of the Lord i) The Joy of Soul Harvest There were many teachings on finding joy in difficult and challenging times, to give hope to families and communities during the year. Extensive Biblical teachings on how to be closely drawn to God, focusing people’s gaze on God’s unfailing love and the power of the miraculous. 2) Father’s Day celebration: Men in the Community were invited to the Special Sunday Service celebration. As part of the celebration, there was refreshment provided to all and presentation of gifts to all the fathers who participated in the celebration. 3) Annual Convention: This year’s convention was a hybrid programme, with the theme “Exceeding Joy” 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 as we come out of the lockdown situation. 4) Mother’s Day event: This is a celebration of mothers and women in the Community, appreciating their roles in homes, Churches and the larger communities. 5) Community Outreach: Restoration Centre is passionate about reaching out to its community with the gospel and practical demonstration of God’s love and compassion, to relief poverty. At the time that many in our community were adversely impacted by COVID and lockdown, Restoration Centre supported families in Tilbury communities during Easter (April 2021) with food items ranging from loaves of bread, pasta, tinned food (pasta sauce, baked beans) beverages, carrots etc. These were packed and delivered to 75-80 families in Tilbury. This was a welcomed relief for the families. Restoration Centre Evangelism Outreach team continued on a regular basis to provide welfare visits and support (shopping, house cleaning) for households, families with young children, vulnerable and elderly people in the Community. 6) Parenting Seminar: This seminar was held virtually for the first time in May 2021 with a massive attendance and participation. The seminar covered the following topics: • Balancing Biblical and Cultural Parenting • Cultural challenges and parental intervention • Helping our children to know Jesus • Raising the leaders of tomorrow
TAR 2021
**Additional details of objectives and activities (Optional information)**
TAR 2021
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 2021
## Section D Achievements and erformance p
## **Summary of the main achievements of the charity during the year**
**Hybrid Service** : In 2021, it was encouraging to see people leaping in faith through the weekly Bible teachings, prayers and praise sessions to overcome the challenges and difficulties faced and from the place of strength, being able to encourage many to do so. There were many testimonies in the year of report of how the weekly services which includes singing and praising God, biblical teachings 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. Having a hybrid Sunday and weekly services has been a great success, this provided participation opportunities to many who were not disposed to attend programmes physically and gave Restoration Centre a platform to reach a wider audience across the globe with the gospel of Jesus Christ. The hybrid service also provided an atmosphere for people who wanted to attend services in the Church physical building with the aim of connecting, and having physical interactions. This brought joy to many considering the prolonged restricted interactions due to COVID. Having such a well- balanced mode of conducting services has enhanced both physical and spiritual growth amongst Restoration Centre congregation and its community.
**The Keeping in touch (KIT) plan:** This was put in place to reach out to the vulnerable and the elderly and it continued significantly this year to ensure that the elderly people were cared for and not isolated. The support provided by volunteers who are part of Restoration Centre include shopping, pick up medications, house maintenance etc. **Family support:** Restoration centre was able to support families that lost loved ones in the year through financial support, prayer, counselling, and visitation. Women and Men groups are very committed to ensuring that families and individuals grieving are given the maximum support required. **Community Outreach:** The outreach in 2021 was a huge success, the Church was able to support its community with food essentials, packed and delivered to 75-80 families in Tilbury during Easter period. It was a joy to be able to practically demonstrate the love of God in this magnitude, considering this was impossible in the previous years. This outreach activity is in addition to the routine welfare support and visitation from the Evangelical Outreach group to families and groups in Tilbury. **Next Generation -Youth Service** : In 2021, a separate service for the youth was introduced where activities and programmes (Biblical teachings debates, seminars, fun games) are led and facilitated by young persons. This is a platform where young people develop and enhance their Godgiven gifts and talents and are deployed to become future responsible leaders and citizens of our Nation. These sessions have been running successfully and from the feedback, young people continue to find them exciting, impactful and inspirational. Participation has been very encouraging as young people regularly invite their friends and peers in the community.
TAR 2021
## **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 bank account.
**policy on reserves**
This year, there were money donations through online transfer into the Church’s bank account and physical collection of donations which are banked accordingly.
**Details of any funds materially in deficit**
**in deficit** Funds are channelled towards such charitable causes as covered by the objectives of Restoration Centre CRM (propagation of the gospels and to **Further financial review details** relief poverty) and the Church Building project.
## **(Optional information)**
None
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**
TAR 2021
**Signature(s)** M O Yemi-Akala **Full name(s)** Martina Olubunmi Yemi-Akala **Position (eg Secretary, Chair,** Treasurer **etc) Date** 21 October 2022
TAR 2021
**Registered Charity Number: 1136581**
Registered Charity Number: 1136581
## **RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY**
## Report of the Trustees and Financial Statements
For The Year Ended 31 December 2021
Pete Petros & Co. (Accountants)
RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY
## Contents of the Financial Statements for the Year Ended 31 December 2021
|Content
Report of the Trustees
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
Detailed Statement of Financial Activities|Page|
|---|---|
||2
3
4
5
7|
**- 1 -**
## RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY
## Report of the Trustees for the Year Ended 31 December 2021
The Trustees present their report with the financial statements of the charity for the year ended 31 December 2021. 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[th] 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
> M. O Yemi-Akala 20 July 2022 ------------------------------------------------------------------Trustee Date
**- 2 -**
## RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY
Statement of Financial Activities for the Year Ended 31 December 2021
|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)|
|2021
£
45,852
8,665
54,517
-
54,517
3,629
2,500
250
10,051
16,430
38,087|2020
£
37,018
14,069
51,087
-
51,087
2,550
3,566
-
6,831
12,947
38,140|
|---|---|---|---|---|
|||
|||
_The page forms part of these financial statements_
**- 3 -**
RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY
## Balance Sheet at 31 December 2021
|
**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)|2021
£
69,590
8,849
78,439
( 7,055 )
128,047
5,485
290,161
32,602
|
£
384,911
71,384
456,295
-
456,295
133,532
322,763
456,295|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|
|---|---|---|---|---|---|
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 2021
## 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 Tithes and Offerings received during the year, payable 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 2021, or any period since the inception of the charity.
## 4 STAFF COSTS
There were no staff costs for the year ended 31 December 2021, 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 2021 _(Continued_ )
- 5 FIXED ASSETS:
|
**Cost**
At 1 January 2021
Additions during the year
At 31 December 2021
**Depreciation**
At 1 January 2021
Charge for the year
At 31 December 2021
**Net Book Value**
At 31 December 2021
At 31 December 2020|
Furniture
**£**
252
-
252
251
-
251
1
1|Computer &
Musical
Equipment
**£**
4,408
1,000
5,408
4,407
250
4,657
751
1|Building
**£**
381,014
3,145
384,159
-
-
-
384,159
381,014|TOTAL
**£**
385,674
4,145
389,819
4,658
250
4,908
384,911
381,016|
|---|---|---|---|---|
|||
|||
- 6 DEBTORS: Amounts falling due within one year
|
HMRC Gift Aid
Advances to members
|2021
£
8,665
184
8,849|2020
£
14,150
2,294
16,444|
|---|---|---|
- 7 CREDITORS: Amounts falling due within one year
|
Accruals
Charismatic Renewal Centre UK
|2021
£
876
6,179
7,055|2020
£
969
2,550
3,519
|
|---|---|---|
**- 6 -**
RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY
## Detailed Statement of Financial Activities for the Year Ended 31 December 2021
|
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
Family Care
Evangelism and Community Events
Training
Community Outreach Literature
Missionary, Conference and Convention
Total charitable activities
TOTAL OUTGOING RESOURCES
NETT INCOMING RESOURCES|2021
2020
£
£ £
5,485
24,007
25,532
12,291
8,343
3,544
988
275 -
250
69
40,367
45,852
-
45,852
8,665
54,517
3,629
2,550
750
750
1,750
2,816
250
-
6,379
6,116
1,015
550
3,424
2,500
3,524
3,524
-
257
200
-
1,888
-
10,051
6,831
16,430
38,087|
|---|---|
_This page does not form part of the statutory financial statements_
**- 7 -**
**Registered Charity Number: 1136581**
Registered Charity Number: 1136581
## **RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY**
## Report of the Trustees and Financial Statements
For The Year Ended 31 December 2021
Pete Petros & Co. (Accountants)
RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY
## Contents of the Financial Statements for the Year Ended 31 December 2021
|Content
Report of the Trustees
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
Detailed Statement of Financial Activities|Page|
|---|---|
||2
3
4
5
7|
**- 1 -**
## RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY
## Report of the Trustees for the Year Ended 31 December 2021
The Trustees present their report with the financial statements of the charity for the year ended 31 December 2021. 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[th] 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
> M. O Yemi-Akala 20 July 2022 ------------------------------------------------------------------Trustee Date
**- 2 -**
## RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY
Statement of Financial Activities for the Year Ended 31 December 2021
|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)|
|2021
£
45,852
8,665
54,517
-
54,517
3,629
2,500
250
10,051
16,430
38,087|2020
£
37,018
14,069
51,087
-
51,087
2,550
3,566
-
6,831
12,947
38,140|
|---|---|---|---|---|
|||
|||
_The page forms part of these financial statements_
**- 3 -**
RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY
## Balance Sheet at 31 December 2021
|
**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)|2021
£
69,590
8,849
78,439
( 7,055 )
128,047
5,485
290,161
32,602
|
£
384,911
71,384
456,295
-
456,295
133,532
322,763
456,295|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|
|---|---|---|---|---|---|
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 2021
## 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 Tithes and Offerings received during the year, payable 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 2021, or any period since the inception of the charity.
## 4 STAFF COSTS
There were no staff costs for the year ended 31 December 2021, 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 2021 _(Continued_ )
- 5 FIXED ASSETS:
|
**Cost**
At 1 January 2021
Additions during the year
At 31 December 2021
**Depreciation**
At 1 January 2021
Charge for the year
At 31 December 2021
**Net Book Value**
At 31 December 2021
At 31 December 2020|
Furniture
**£**
252
-
252
251
-
251
1
1|Computer &
Musical
Equipment
**£**
4,408
1,000
5,408
4,407
250
4,657
751
1|Building
**£**
381,014
3,145
384,159
-
-
-
384,159
381,014|TOTAL
**£**
385,674
4,145
389,819
4,658
250
4,908
384,911
381,016|
|---|---|---|---|---|
|||
|||
- 6 DEBTORS: Amounts falling due within one year
|
HMRC Gift Aid
Advances to members
|2021
£
8,665
184
8,849|2020
£
14,150
2,294
16,444|
|---|---|---|
- 7 CREDITORS: Amounts falling due within one year
|
Accruals
Charismatic Renewal Centre UK
|2021
£
876
6,179
7,055|2020
£
969
2,550
3,519
|
|---|---|---|
**- 6 -**
RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY
## Detailed Statement of Financial Activities for the Year Ended 31 December 2021
|
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
Family Care
Evangelism and Community Events
Training
Community Outreach Literature
Missionary, Conference and Convention
Total charitable activities
TOTAL OUTGOING RESOURCES
NETT INCOMING RESOURCES|2021
2020
£
£ £
5,485
24,007
25,532
12,291
8,343
3,544
988
275 -
250
69
40,367
45,852
-
45,852
8,665
54,517
3,629
2,550
750
750
1,750
2,816
250
-
6,379
6,116
1,015
550
3,424
2,500
3,524
3,524
-
257
200
-
1,888
-
10,051
6,831
16,430
38,087|
|---|---|
_This page does not form part of the statutory financial statements_
**- 7 -**