**Registered Charity Number 1154405** ## **RESTORATION WORLD REVIVAL CHURCH** ## **FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 30 November 2020** 1 ## **RESTORATION WORLD REVIVAL CHURCH** ## **REPORT OF THE TRUSTEE BOARD FOR THE** ## **YEAR ENDED 30 November 2020** ## **Introduction** The committee submits their report and the accounts of the Charity for the year ended 30 November2020 ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **Charity Number:** 1154405 ## **Committee Members** The members who served during the year were as follows:- ## **Representative Members** ## Member Gabriel NgunyiChege Margret Njoki Kinganga Grace Washuka Ngunyi ## **Members of the RESTORATION WORLD REVIVAL CHURCH** Gabriel NgunyiChege Margret Njoki Kinganga Josephine Wanjeri Nduta Grace Washuka Ngunyi ## **Principal Office** Unit 22 2[n][d ] Floor Day Lewis House 324-340 Bensham Lane Thornton Heath Surrey England CR7 7EQ ## **Accountant** Oakpark (UK) Ltd 22 Harbouhouse Coldharbour Lane Rainham Essex, RM13 9YA ## **Bankers** Barclays Bank ## **RESTORATION WORLD REVIVAL CHURCH** ## **REPORT OF THE TRUSTEE BOARD FOR THE YEAR ENDED 30 November 2020** ## **(CONTINUED)** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing Document** The organisation is a charity, registered with the Charity Commission .. ## **Recruitment and Training of Trustees Members** Newly appointed trustees are provided with a comprehensive induction to RESTORATION WORLD REVIVALCHURCH through the provision of training courses and mentoring by established trustees ## **Related Parties** Operating policies are independently determined by the Trustee Board of RESTORATION WORLD REVIVALCHURCH in order to fulfil its charitable objects and comply with the national membership requirements. The charity also co-operates and liaises with a number of other advisory services, local charities and social services departments on behalf of clients. ## **Organisational Management** RESTORATION WORLD REVIVAL CHURCH is operated by its Trustee board which is responsible for setting the strategic direction of the organization and the policy of the charity. The Trustees carry the ultimate responsibility for the conduct of RESTORATION WORLD REVIVAL CHURCH and for ensuring that the charity satisfies its legal and contractual obligations. Trustees meet as a minimum quarterly and delegate the day-to-day operation of the organisation. ## **Risk Management** RESTORATION WORLD REVIVAL CHURCH has worked on a corporate risk management exercise. A risk management strategy and risk register were agreed by the Trustee Board. The Trustees recognise that any major risks towhich the charity is exposed need to be reviewed and systems put in place to mitigate those risks. To that end RESTORATION WORLD REVIVAL CHURCH is continually monitoring and managing its risk. Included in external risks is that of loss of funding. The effects of this have been minimised by the procedures in place, which have resulted in funding being secured from a variety of sources. The charity continues to seek to diversify its funding sources. ## **OBJECTS, AIMS, OBJECTIVES AND ACTIVITIES** ## **Charitable Objects** The object of the Association shall be the provision of Christian religion Services ## **RESTORATION WORLD REVIVAL CHURCH** ## **REPORT OF THE TRUSTEE BOARD FOR THE YEAR ENDED 30 November 2017** **(CONTINUED)** ## **Objectives for the Year** ## **Objectives for the Year** RESTORATION WORLD REVIVAL CHURCH aims to improve the conditions of life of residents by promoting their educational, physical, mental and spiritual well-being. ## **Principal Activities of the Year** The object of the Association shall be the provision of Christian religion Services ## **Use of Volunteers** The charity receives help and support in the form of voluntary assistance in advising the public and administering the charity. 4 volunteers contributed approximately 24 hours per week to the charity. ## **Principal Activities of the Year** ## **FINANCIAL REVIEW AND RESULTS FOR THE YEAR (CONTINUED):** sources of income are as follows Donation 150,333 ## **Reserves Policy** The Trustee Board have adopted the following practices in respect of its reserves. - 1) Grant income whose use has been limited to purposes specified by the donor is set-aside in a restricted fund. The use of each fund is therefore limited for the relevant restricted purpose. - 2) Funds have also been established by the Trustee Board for purposes designated by itself. The purposes are: a) To meet the cost of future IT developments and b) To cover the cost of expenditure on fixed assets. The reserve is therefore released on an annual basis to correspond with the annual depreciation charge. - 3) The unrestricted fund represents accumulated surpluses arising from the RESTORATION WORLD REVIVAL CHURCH ## **Investment Policy** Surplus funds are invested in interest bearing accounts with the RESTORATION WORLD REVIVAL CHURCH Bank ## **FUTURE PLANS** RESTORATION WORLD REVIVAL CHURCH aims to continually improve access to its service, and intends to extend its service to an even wider number of the community through increased outreach locations. ## **RESTORATION WORLD REVIVAL CHURCH** ## **REPORT OF THE TRUSTEE BOARD FOR THE YEAR ENDED 30 November 2020 (CONTINUED)** ## **ACCOUNTING AND REPORTING RESPONSIBILITIES** ## Statement of Trustee Boards Responsibilities The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. Law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial the end of the year. In preparing these financial statements, the trustees are required to: - select suitable accounting polices and then apply them consistently; - make judgements and estimates that are reasonable and prudent; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue on that basis. The trustees are responsible for keeping accounting records that disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with applicable law, regulations and trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Statement as to Disclosure of Information to Auditors** In accordance with charity law, we certify that: - so far as we are aware, there is no relevant audit information of which the Trustee Board members are unaware, and - As the Trustee Board members of the charity we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that of that information. ## **Auditors** RESTORATION WORLD REVIVAL CHURCH, have not appointed any auditors at this moment. This report has been prepared in accordance with the Statement of Recommended Practice IAccounting and Reporting by Charities (issued in August 2005). Approved by the Committee on 31 August 2020 And signed on its behalf by Gabriel Ngunyi Chege **Director** (Chairperson) 5 ## **RESTORATION WORLD REVIVAL CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 November 20** ## 1. **ACCOUNTING POLICIES** - **a) Basis of Accounting** The financial statements have been prepared under the historical cost convention in accordance with applicable accounting standards and follow the recommendation in Accounting and Reporting by Charities: Statement of Recommended Practice issued in 2005. - **b) Income** - Grants received are accounted for in the period to which they relate. Investment income and other incoming resources are accounted for in the period in which they are received. - **c) Resources** - i) Resources expended are recognised in the period in which they are incurred. - ii) Charitable activities expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. - iii) Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include audit fees and costs linked to the strategic management of the charity. - iv) All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. The majority of costs relate to charitable activities and have been allocated as such on the SOFA. - **d) Fund Accounting** - i) Restricted funds relates to grants made for specific purposes as laid down by the donor (e.g. for specific projects). Expenditure that meets these specific purposes is matched against grant income and analysed over the appropriate cost. Further details regarding Restricted Funds are provided in Note 13. - ii) Unrestricted funds comprise other income received or generated for charitable purposes but which may be spent at the discretion of the Trustee Board. - iii) Designated funds are those unrestricted funds that have been earmarked by the Trustee Board for a specific but not legally binding purpose. **e) Fixed Assets** Depreciation is provided on fixed assets at rates calculated to write off the cost of each asset over its estimated useful life, having regard to the funding arrangements of the project where appropriate. Items of expenditure below £500 per item are written off to revenue in the year in which the expenditure was incurred. The estimated useful lives of major classes of assets are: Fixtures, Fittings and Equipment - 5 years 8 10. The statement of financial activities includes all gains and losses recognised in the year.All incoming resources and resources expended derive from continuing activities. Movements in funds are disclosed in Note 13 to the financial activities. The Notes form Part of the Financial statement **RESTORATION WORLD REVIVAL CHURCH** **Registered Number 07848909** ## **Micro-entity Balance Sheet as at 30 November 2020** |_Notes_
**Fixed Assets**
**Current Assets**
**Net current assets (liabilities)**
**Total assets less current liabilities**
**Total net assets (liabilities)**
**Reserves**|_2020_
_2019_
£
2,162
£
2,402
28,145
33,394| |---|---| ||28,145
33,394
30,307
35,796| ||30,307
35,796| ||| ||30,307
35,796| - For the year ending 30 November 2020 the company was entitled to exemption under section 477of the Companies Act 2006 relating to small companies. - The members have not required the company to obtain an audit in accordance with section 476 ofthe Companies Act 2006. - The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. - The accounts have been prepared in accordance with the micro-entity provisions and delivered inaccordance with the provisions applicable to companies subject to the small companies regime. Approved by the Board on 15 July 2021 And signed on their behalf by: **Gabriel ngunyi chege, Director** ## **RESTORATION WORLD REVIVAL CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS** ## _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_ ## **Accounting policies** ## **Charity information** Restoration world revival church Limited is a private company limited by shares incorporated in England and Wales. it is also a registered charity in accordance with the Charities Act 2011, with charity registration number 1154405 The nature of the charitable company's operations and principal activities are set out in the Trustees' Report. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charitable company's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charitable company is a Public Benefit Entityas defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charitable company.Monetary amounts in these financial statements are rounded to the nearest£. The financial statements have been prepared under the historical cost convention. The principal accounting policiesadopted are set out below. **----- Start of picture text -----**
1.2 Going concern
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At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trusteescontinue to adopt the going concern basis of accounting in preparing the financial statements. - 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and usesof the restricted funds are set out in the notes to the financial statements. **----- Start of picture text -----**
1.4 Incoming resources
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Income is recognised when the charitable company is legally entitled to it after any performance conditions havebeen met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charitable company has beennotified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Donated services are recognised in income at their fair value when their economic benefit is probable and it can bemeasured reliably. Fair value is determined on the basis of the value of the gift to the charitable company. For example the amount the charitable company would be willing to pay in the open market for such services. A corresponding amount is recognised in expenditure. Investment income is recognised on a receivable basis. - 16 - ## **RESTORATION WORLD REVIVAL CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_ **----- Start of picture text -----**
Accounting policies (Continued)
1.5 Resources expended
Resources expended are included in the Statement of Financial Activities on an accruals basis.
Expenditure on charitable activities comprises expenses incurred in pursuance of the charitable company's principalactivities.
VAT is charged against the expenditure heading for which it was incurred.
Governance costs, which are included in expenditure on charitable activities, are those incurred in the governance of the
charitable company and its assets and are primarily associated with constitutional and statutory requirements.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks.
1.7 Financial instruments
The charitable company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102to all of its
financial instruments.
Financial instruments are recognized in the charitable company's balance sheet when the charitable companybecomes
party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there isa legally
enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realise the asset
and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include other receivables and cash and bank balances, are initially measured at transaction
price including transaction costs and are subsequently carried at amortized cost using the effective interest method unless
the arrangement constitutes a financing transaction, where the transaction is measured atthe present value of the future
receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not
amortized.
Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans from the parent undertaking are initiallyrecognised
at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at
the present value of the future payments discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from
suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are
presented as non-current liabilities. Trade payables are recognised initially at transaction priceand subsequently measured at
amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charitable company's contractual obligations expire or aredischarged or
cancelled.
1.8 Taxation
No liability arises as the charitable company's activities are exempt from corporation tax.
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~~- 17 -~~ ## **RESTORATION WORLD REVIVAL CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS CONTINUED** ## _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_ ## **Accountin policies** ## **Continued** ## **1 Termination payments** Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits ## **2 Critical accountin estimates and ud ements** n the application of the charitable company s accounting policies, the trustees are re uired to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant Actual results may differ from these estimates The estimates and underlying assumptions are reviewed on an ongoing basis Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods ## **Donated Services** ncluded in donations and expenditure on charitable activities best estimates of their time spent on UK charity matters ## **Donations** ## **3** **----- Start of picture text -----**
Unrestricted Restricted Total Tot�
funds funds
2020 2020 2020 2019
Donations and gifts 69629 80,704 150,333 200,899
Donated services - - -
69,629 80,704 150,333 200,899
For the year ended 30 NOV 2020 69,629 80,704 200,899
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- 1 - ## **RESTORATION WORLD REVIVAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_ ## **10 Employees** **----- Start of picture text -----**
The average monthly number of employees during the year was:
2020 2019
Number Number
Charitable activities and fundraising 4 3
The number of employees whose annual remuneration was £60,000 or more
were:
2020 2019
Number Number
£80,000 - £90,000 1 1
12 Other receivables
2020 2019
Amounts falling due within one year: £ £
other receivable 28,145 333,94
13 Called up share capital
2020 2019
£ £
Issued and fully pai d
1 Ordinary share of £1
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- 21 - ## **RESTORATION WORLD REVIVAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 30 NOVEMBER 2020**_ **----- Start of picture text -----**
17 Analysis of net assets between funds
Unrestricted Restricted Share capital Total
funds funds
£ £ £ £
Fund balances at 30 NOVEMBER 2020are
represented by:
Current assets/(liabilities) 69,629 80704 150333
18 Related party transactions
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NO Related party transactions INCOME & EXPENSE FOR RESTORATION WORLD REVIVAL CHURCH **RECEIPTS** |1
2
3
4
5
6
7
8
9
10
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18|**2020**
**2019**
Tithe
52,121.3
40,119.6
Offerings
2,531.2
21,530.6
Building
6,025.5
29,299.2
Thanks giving
1,395.0
23,839.7
First fruits
491.0
2,498.0
Others
-
22,022.9
Pledges
-
-
Donations
-
-
Grants
80,704.0
-
Others 2
7,065.0
61,589.2
**TOTAL RECEIPTS**
**150,333**
**200,899.2**
**EXPENDITURE**
ADMINISTRATIVE
1,625.0
1,552.0
TELEPHONE
2,122.1
2,376.0
OFFICE,PRINTING & STATIONERIES
1,050.0
772.0
SALARY & WAGES
98,110.6
116,948.9
VOLUNTEER
1,000.0
1,463.0
RENT
34,267.0
31,492.0
PASTOR"S ALLOWANCES
-
-
ADVERTISEMENT & HOSPITALITY
3,681.0
13,040.0
CONFERENCES & SEMINARS
-
-
SUBSCRIPTIONS
163.0
-
COMPUTER MAINTENANCE
5,456.0
8,773.0
BANK CHARGES & INTEREST RATES
984.9
1,190.0
INSURANCE
-
-
FIXTURES & FITTINGS & EQUIPMENT
794.0
-
DONATIONS
40.0
892.0
TRAININGS & WORKSHOPS
-
-

REPAIRS
3,536.3
5,546.0

OTHERS
2,992.0
-
TOTAL EXPENDITURE
**155,822**
**184,045**
SURPLUS/DEFICIT
**5,489**
**16,854**|**2020**
**2019**
Tithe
52,121.3
40,119.6
Offerings
2,531.2
21,530.6
Building
6,025.5
29,299.2
Thanks giving
1,395.0
23,839.7
First fruits
491.0
2,498.0
Others
-
22,022.9
Pledges
-
-
Donations
-
-
Grants
80,704.0
-
Others 2
7,065.0
61,589.2
**TOTAL RECEIPTS**
**150,333**
**200,899.2**
**EXPENDITURE**
ADMINISTRATIVE
1,625.0
1,552.0
TELEPHONE
2,122.1
2,376.0
OFFICE,PRINTING & STATIONERIES
1,050.0
772.0
SALARY & WAGES
98,110.6
116,948.9
VOLUNTEER
1,000.0
1,463.0
RENT
34,267.0
31,492.0
PASTOR"S ALLOWANCES
-
-
ADVERTISEMENT & HOSPITALITY
3,681.0
13,040.0
CONFERENCES & SEMINARS
-
-
SUBSCRIPTIONS
163.0
-
COMPUTER MAINTENANCE
5,456.0
8,773.0
BANK CHARGES & INTEREST RATES
984.9
1,190.0
INSURANCE
-
-
FIXTURES & FITTINGS & EQUIPMENT
794.0
-
DONATIONS
40.0
892.0
TRAININGS & WORKSHOPS
-
-

REPAIRS
3,536.3
5,546.0

OTHERS
2,992.0
-
TOTAL EXPENDITURE
**155,822**
**184,045**
SURPLUS/DEFICIT
**5,489**
**16,854**| |---|---|---| |||**16,854**|