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2022-12-31-accounts

Trustees' Annual Report for the period

Period start date Period end date Day 01 Month Year 2022 Day 31 Month Year 2022 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 2022


1
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6
7
8
9
10
11
12
13
14
15
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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 2022

Constitution

Type of governing document

(eg. trust deed, constitution)

Charity How the charity is constituted

Appointed by Church Elders Trustee selection methods

Additional governance issues (Optional information)

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

Section C Objectives and activities

TAR 2022

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, Bible teachings, which are held weekly virtually online through Zoom and physically in the Church premises.

The following activities were carried out in the reporting year:

TAR 2022

Main activities undertaken:

1) Bible messages and scriptural teachings open to our communities on the theme- Entering His Rest , through the following teaching topics:

There were many teachings for the Community on different types of rest which God has provided for His children such as physical, mental, spiritual rest. From the Bible, lessons were learnt on how to enjoy peace and avoid anxiety and worry even in difficult and challenging times. Extensive Biblical teachings on how to have rest in homes, cities and Nations.

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 “Entering His Rest” 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 due to economic crisis and the high cost of living.

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. Restoration Centre implemented a special care package for the elderly in the Community.

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) Next Generation Conference: This was a conference held for young people in Tilbury and neighbouring Towns specifically for those who went to the high institutions of learning, i.e. University in 2022. The Conference focused mainly on the nuggets for settling in a new environment, dealing with emotions, financial management and serving God where they are.

7) Family Day: This was an end of the year gathering to review the year and provide constructive feedback on the programmes, teachings received in the year. It was also an avenue to get inputs and ideas on how to make impact in the Community.

TAR 2022

8) Christmas Carol/Party: There was a Christmas carol/service to celebrate the birth of Jesus Christ, the Saviour of the world. Highlighting the meaning of Christmas and charging everyone to love like God loves and demonstrate this love practically in our communities.

Additional details of objectives and activities (Optional information)

TAR 2022

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

Section D Achievements and performance

TAR 2022

Section D Achievements and erformance p

Summary of the main achievements of the charity during the year

Weekly Service : 2022 has seen more participation in Sunday services which now takes place physically in the Church premises. People are growing in their walk and intimacy with God through the weekly Bible teachings, prayers and praise sessions to stay strong in their faith despite the challenges and difficulties faced and from the place of strength, being able to encourage many to do so too.

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.

The weekly services except Sunday services continued to be conducted online via zoom and this arrangement has encouraged participation especially in the Mid-week service.

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 in 2020 to reach out to the vulnerable and the elderly and it continued significantly this year to ensure that the elderly people were cared for. 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 in the community going through hard times through financial support, prayers, counselling, and visitation. Women and Men groups are very committed to ensuring that families and individuals who needed support received the maximum support required.

Community Outreach (Platinum Jubilee Celebration: Restoration joined various bodies and organisations in Thurrock Council to celebrate the Platinum Jubilee of Queen Elizabeth II with a beautiful parade around Tilbury Town with singing and dancing, praising God for the gift of a leader who devoted her life to the service of the people, following the example of Jesus Christ who came to serve humanity.

Next Generation -Youth Service : The Sunday service continued to be a great success for the young ones in the Community. 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 God-given gifts/ talents and are deployed to become future responsible leaders and citizens of our Nation. Participation has been very encouraging as more young people in the Community have been attending and participating in the various sessions.

TAR 2022

Section E Financial review

Brief statement of the charity’s

policy on reserves

Restoration Centre CRM has a policy of keeping auditable recordings and banking all of its receipts and other funds in Restoration Centre’s bank account.

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:

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 2022

Signature(s) M O Yemi-Akala

Full name(s) Martina Olubunmi Yemi-Akala

Position (eg Secretary, Chair, Treasurer etc)

Date 7 November 2023

TAR 2022

Registered Charity Number: 1136581

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Report of the Trustees and Financial Statements

For The Year Ended 31 December 2022

Pete Petros & Co.

(Accountants)

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Contents of the Financial Statements for the Year Ended 31 December 2022

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 2022

The Trustees present their report with the financial statements of the charity for the year ended 31 December 2022. 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, 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

Martina Yemi-Akala 10 October 2023 ------------------------------------------------------------------Trustee Date

- 2 -

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Statement of Financial Activities for the Year Ended 31 December 2022

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)
2022
£
54,731
7,272
62,003
-
62,003
4,995
2,390
250
11,270
18,905
43,098
2021
£
45,852
8,665
51,087
-
54,517
3,629
2,500
250
10,051
16,430
38,087

The page forms part of these financial statements

- 3 -

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Balance Sheet at 31 December 2022


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)
2022

£
£

390,252
110,317

7,456

117,773
(8,632)

109,141
499,393
-
499,393
133,532

1,935

135,467
322,763

41,163

363,926
499,393
2021
£
£
384,911
69,590
8,849
78,439
( 7,055 )
71,384
456,295
-
456,295
128,047
5,485
133,532
290,161
32,602
322,763
456,295

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 2022

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 2022, or any period since the inception of the charity.

4 STAFF COSTS There were no staff costs for the year ended 31 December 2022, 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 2022 (Continued )

5 FIXED ASSETS:


Cost
At 1 January 2022
Additions during the year
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net Book Value
At 31 December 2022
At 31 December 2021


Furniture

£
252
-
252
251
-
251
1
1
Computer &
Musical
Equipment
£
5,408
-

5,408
4,657
250
4,907
501
751
Building

£

384,159

5,591
389,750

-
-

-
389,750

384,159
TOTAL
£
389,819
5,591
395,410
4,658
250
4,908
390,252
384,911










HMRC Gift Aid

Advances to members

2022
£
7,272
184
7,456
2021
£
8,665
184
8,849


Accruals

Unpresented cheque

Charismatic Renewal Centre UK(2020: 2,550)
2022
£
1,000
112
7,520
8,632
2021
£
876
-
6,179
7,055

- 6 -

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Detailed Statement of Financial Activities for the Year Ended 31 December 2022



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

Mission

Community Outreach Literature

Missionary, Conference and Convention
Total charitable activities

TOTAL OUTGOING RESOURCES

NETT INCOMING RESOURCES
2022
2021
£
£ £
1,935

32,683
24,007
17,267
12,291
2,303
3,544
533 275
10
250
52,796
54,731
-
54,731
7,272
62,003
4,995
3,629
900
750
1,490
1,750
250
250
7,635
6,379
2,660
1,015
2,500
3,424
2,737
3,524
1,302
-
202
200
1,869
1,888
11,270
10,051
18,905
43,098

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 2022

Pete Petros & Co.

(Accountants)

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Contents of the Financial Statements for the Year Ended 31 December 2022

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 2022

The Trustees present their report with the financial statements of the charity for the year ended 31 December 2022. 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, 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

Martina Yemi-Akala 10 October 2023 ------------------------------------------------------------------Trustee Date

- 2 -

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Statement of Financial Activities for the Year Ended 31 December 2022

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)
2022
£
54,731
7,272
62,003
-
62,003
4,995
2,390
250
11,270
18,905
43,098
2021
£
45,852
8,665
51,087
-
54,517
3,629
2,500
250
10,051
16,430
38,087

The page forms part of these financial statements

- 3 -

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Balance Sheet at 31 December 2022


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)
2022

£
£

390,252
110,317

7,456

117,773
(8,632)

109,141
499,393
-
499,393
133,532

1,935

135,467
322,763

41,163

363,926
499,393
2021
£
£
384,911
69,590
8,849
78,439
( 7,055 )
71,384
456,295
-
456,295
128,047
5,485
133,532
290,161
32,602
322,763
456,295

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 2022

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 2022, or any period since the inception of the charity.

4 STAFF COSTS There were no staff costs for the year ended 31 December 2022, 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 2022 (Continued )

5 FIXED ASSETS:


Cost
At 1 January 2022
Additions during the year
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net Book Value
At 31 December 2022
At 31 December 2021


Furniture

£
252
-
252
251
-
251
1
1
Computer &
Musical
Equipment
£
5,408
-

5,408
4,657
250
4,907
501
751
Building

£

384,159

5,591
389,750

-
-

-
389,750

384,159
TOTAL
£
389,819
5,591
395,410
4,658
250
4,908
390,252
384,911










HMRC Gift Aid

Advances to members

2022
£
7,272
184
7,456
2021
£
8,665
184
8,849


Accruals

Unpresented cheque

Charismatic Renewal Centre UK(2020: 2,550)
2022
£
1,000
112
7,520
8,632
2021
£
876
-
6,179
7,055

- 6 -

RESTORATION CENTRE CHARISMATIC RENEWAL MINISTRY

Detailed Statement of Financial Activities for the Year Ended 31 December 2022



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

Mission

Community Outreach Literature

Missionary, Conference and Convention
Total charitable activities

TOTAL OUTGOING RESOURCES

NETT INCOMING RESOURCES
2022
2021
£
£ £
1,935

32,683
24,007
17,267
12,291
2,303
3,544
533 275
10
250
52,796
54,731
-
54,731
7,272
62,003
4,995
3,629
900
750
1,490
1,750
250
250
7,635
6,379
2,660
1,015
2,500
3,424
2,737
3,524
1,302
-
202
200
1,869
1,888
11,270
10,051
18,905
43,098

This page does not form part of the statutory financial statements

- 7 -