AI ATVWI V41DIDJI JIILV
C••h In hAY
NeQ A••etArplv• (dellth)
xo
P51/ {D*k*)
(i.TJ4)
Totsl
RLSTORAThX4 YoirrH MINISTRY
REPORT OF THE TRIISTEES
nHi THE YEAR ENDU• 31 JULY 2•21
atement for each fiti•l which a tnx and fairviewof #ate dafiiT¥ of the
exFefyaituN of the charity for th•t peri.
. make judgemffits and estiuthte3 that are reasonable and prudent;
. prtKMre the financial statements on the goin8 concern buis unless it is IPprOprIate to pruiime
that the clwity continue oa that b•si&
any time the filla?a1 position of the charity and to enable tkn to ensure that the finan statements ¢(mnY with
applicable law and United Kingdom Aco)untins Standard (United Kin8dom (knerally Acceptable A¢countio8 PracliL*
The trustees are also rwnsible for safeguardio8 the assets of the ch•rity and In for t•knDS sw
for the prevention d ddertioll of fraud and other irre8ularitie&
ON BEHAtS OF THE BOARD
## **RESTORATION YOUTH MINISTRY**
## **Unaudited Financial Accounts And Trustees Report**
**For The Year Ended 31 July 2021**
**Charity No. 1163267**
**RESTORATION YOUTH MINISTRY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021**
||**Page**|
|---|---|
|**Company Information**|1|
|**Trustees' Report**|2|
|**Independent Examiners Report**|4|
|**Income and Expenditure Account**|5|
|**Balance Sheet**|6|
|**Notes to the Financial Statements**|7|
|**Detailed Income and Expenditure Account**|9|
**RESTORATION YOUTH MINISTRY**
**COMPANY INFORMATION**
**----- Start of picture text -----**
Trustees Sandra Ofori
Francis Pinas
Naomi Addai
Mary Enin
Registered Charity Number 1163267
Registered Address Brigadier Hall
Brigadier Hill
Enfield
EN2 0NH
Independent Examiner Daniel Ewusi Mensah, ACMA CGMA
**----- End of picture text -----**
Page 1
**RESTORATION YOUTH MINISTRY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021**
The trustees present their report with the financial statements of the charity for the year ended 31 July 2021. The trustees have adopted the provisions of the statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued by the Financial Reporting Council (Accounting Standards Board) and in the Charities SORP for reporting periods beginning on or after 1 January 2015.
## **Status and Administration**
The Charity is constituted and registered with the Charity Commission under charity number 1163267.
## **Trustees, Governance and Internal Control**
The following trustees shown below held office during the whole of the period under review to the date of this report.
Sandra Ofori Francis Pinas Naomi Addai Mary Enin
## **Governing document**
The charity is controlled by its governing document, a deed of trust.
## **Risk Management**
The trustees have a duty of care to identify and review the risks to which the charity is exposed to and ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees examine the major risks that the charity faces in each financial year when preparing and updating the strategic plan. The charity has developed systems to monitor and control these risks and mitigate any impact that they may have on the organisation in the future including:
An annual review of the risk which the charity faces
The establishment of systems and procedures to mitigate those risks identified in the plan
The implementation of procedures designed to minimise any potential impact on the charity should any of those risk materialise
## **Charitable Objects**
To advance the christian religion worldwide in general and in North London area in particular for the benefit of the
public through the holding of prayer meetings, lectures, seminars, christian festivals, producing and distributing christian literature to enlighten the populace about the christian religion
## **Volunteers**
The Charity is grateful for the unstinting effort of its volunteers who are involved in service provision. Members are given the free will, without any form of coercion, to determine their form and level of support, manually or financially to the charity
Page 2
**RESTORATION YOUTH MINISTRY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021**
## **Responsibilities of the Trustees**
The charity’s trustees are responsible for preparing the Report of the Trustees and the financial statements
in accordance with applicable law and United Kingdom Accounting Standard (United Kingdom Generally Acceptable Accounting Practice) The trustees are required to prepare financial statement for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including income and expenditure, of the charity for that period.
In preparing those financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- 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 maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with applicable law and United Kingdom Accounting Standard (United Kingdom Generally Acceptable Accounting Practice). The trustees 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.
## **ON BEHALF OF THE BOARD**
**--------------------------------------**
**Sandra Ofori - Trustee Date: 13 August 2022**
Page 3
**RESTORATION YOUTH MINISTRY ACCOUNTANT AND INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2021**
I report to the trustees on my examination of the accounts of the above charity for the year ended 31 July 2021, as are set out on pages 5 to 8
## **Respective responsibilities of Trustees and Examiner**
The charity’s trustees are responsible for preparing the account. The charity’s trustees consider that an auditor is not required for this year (under section 144(2) of the Charity Act 2011 (the 2011)) and that an independent examination is required. The charity’s gross income exceeded £25,000 and I am qualified to undertake the examination by being a qualified member of Charted Institute of Management Accountants.
Having satisfied myself that the charity is not subject to audit and is eligible for independent examination, it is my responsibility to:
- examine the accounts under Section 145 of the 2011 Act
- follow the procedures laid down in the General Directions given by the Charity Commission (Under Section 145 (5)(b) of the 2011 Act); and
- state whether particular matter have come to my attention.
## **Basis of the independent examiner’s report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedure undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Act or
. the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in order to enable a proper understanding of the accounts to be reached.
-------------------------------------------
## **Daniel Ewusi Mensah, ACMA GCMA**
**Date:** 13 August 2022
Page 4
**RESTORATION YOUTH MINISTRY RECEIPTS AND PAYMENTS STATEMENT FOR THE YEAR ENDED 31 JULY 2021**
**----- Start of picture text -----**
2021 2020
GENERAL AND UNRESTRICTED INCOME Notes £ £
Tithes & Offerings 42,790 41,056
Gift Aid 8,692 4,414
Total General and Unrestricted income 2 51,483 45,470
Total income 51,483 45,470
GENERAL AND UNRESTRICTED EXPENDITURE
Cost of generating funds 3 53,217 44,510
Total General and Unrestricted expenditure 53,217 44,510
Total expenditure 53,217 44,510
GENERAL AND DESIGNATED FUNDS
General and Unrestricted funds b/f 25,510 24,550
Surplus / (Deficit) (1,734) 960
General and Unrestricted funds c/f 23,776 25,510
TOTAL FUNDS per financial return 23,776 25,510
REPRESENTED BY
Cash at bank and in hand 1 9
Net Current Assetds 23,775 25,501
TOTAL FUNDS per financial return 23,776 25,510
**----- End of picture text -----**
Page 5
**RESTORATION YOUTH MINISTRY BALANCE SHEET AS AT YEAR ENDED 31 JULY 2021**
|**Balance Sheet**
**Current assets**
Debtors
Cash at bank and in hand
**Total Current assets**
**Liabilities**
Creditors: Amounts falling due in one year
**Total Liabilities**
**Net Asset surplus (deficit)**
**Reserves**
Excess / (Deficit)
Reserves
**Total Reserves**
**Represented by**
Unrestricted
**Total**|**2021**
25,275
1
**25,276**
(1,500)
**(1,500)**
**23,776**
(1,734)
25,510
**23,776**
23,776
**23,776**|**2020**
26,251
9
**26,260**
(750)
**(750)**
**25,510**
960
24,550
**25,510**
25,510
**25,510**|
|---|---|---|
The financial statements were approved by the Board of Trustees on 13 August 2022 and were signed on its behalf by:
……………………………… **Sandra Ofori - Trustee**
Page 6
**RESTORATION YOUTH MINISTRY NOTES TO THE FINANCIAL STATEMENT FOR THE PERIOD ENDED 31 July 2021**
## **1. ACCOUNTING POLICIES**
## **Accounting Convention**
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities and the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" effective on or after 1 January 2015.
## **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 accrual basis and has been classified under headings that aggregate all cost related to the category. Where cost can not be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources
## **Taxation**
The charity is exempt from corporation tax on its charitable activities
## **Fund Accounting**
Unrestricted funds can be used in accordance with the charitable objectives 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 specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the
nature and purpose of each fund is included in the notes to the financial statements
## **2. ACTIVITIES FOR GENERATING FUNDS**
**----- Start of picture text -----**
||||
|---|---|---|
|2021|2020|
|£|£|
|Donations|51,483|45,470|
|3. COST OF GENERATING VOLUNTARY INCOME|
|2021|2020|
|£|£|
|Support Cost|53,217|44,510|
**----- End of picture text -----**
Page 7
**RESTORATION YOUTH MINISTRY NOTES TO THE FINANCIAL STATEMENT FOR THE PERIOD ENDED 31 JULY 2021**
## **4. MOVEMENT IN FUNDS**
|**At 1.8.20**
**£**
**Unrestricted Funds**
General Fund
25,510
**Total Funds**
**25,510**
Net movement in funds included in the above are as follows;
**Incoming**
**Resources**
**£**
**Unrestricted Funds**
General Funds
51,483
**Total Funds**
**51,483**|**Net Movement**
**in Funds**
**At 31.7.21**
**£**
**£**
(1,734)
23,776
**(1,734)**
**23,776**
**Resources**
**Movement**
**Expended**
**In Funds**
**£**
**£**
(53,217)
(1,734)
**(53,217)**
**(1,734)**|
|---|---|
Page 8
**RESTORATION YOUTH MINISTRY RECEIPTS AND PAYMENTS FOR THE PERIOD ENDED 31 JULY 2021**
|**Incoming Resources**
**Voluntary Income**
Tithes & Offerings
Gift Aid
**Expenses**
Accountancy Fee
Rent
Donation, Welfare & SPP
Travel
Ministry Support
Other Expenses
**Total expenditure**
**Surplus / (Deficit)**|**2021**
**£**
42,790
8,692
**51,483**
750
4,970
4,802
2,330
25,715
14,651
**53,217**
**(1,734)**|**2020**
**£**
41,056
4,414
**45,470**
750
4,970
6,067
50
21,541
11,131
**44,510**
**960**|
|---|---|---|
This Page does not form part of the statutory statement
Page 9