## **Restoration Youth Ministry**
## **Charity No. 1163267**
## **Trustees' Report and Unaudited Accounts**
**31 July 2024**
**Restoration Youth Ministry Contents**
||Pages||
|---|---|---|
|Trustees' Annual Report|1 to 3||
|Independent Examiner's Report||4|
|Statement of Financial Activities||5|
|Summary Income and Expenditure Account||6|
|Balance Sheet||7|
|Statement of Cash flows||8|
|Notes to the Accounts|9 to|11|
|Detailed Statement of Financial Activities|12 to|13|
Page 1
**Restoration Youth Ministry Trustees Annual Report**
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 July 2024
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Charity No. 1163267**
## **Registered Office**
40 handcross road Luton Bedfordshire LU2 8JF
## **Trustees**
The following Trustees served during the year
Isaac Ofori Sandra Ofori
## **Accountants**
360 Accounting Services Ltd 27 Old Gloucester Street London WC1N 3AX
## **OBJECTIVES AND ACTIVITIES**
The purpose of the charity is 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.
## **ACHIEVEMENTS AND PERFORMANCE**
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.
## **FINANCIAL REVIEW**
The largest contribution to the charity for the year came from general offerings.
## **PLANS FOR FUTURE PERIODS**
The Charity plans to develop various fundraising strategy to include mass marketing. Besides mass marketing and events, the charity is aiming to achieve its targets through securing donations from willing individuals.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
Page 2
## **Restoration Youth Ministry Trustees Annual Report**
The General Trustee Board seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. To enhance the potential pool of trustees, the charity has, through selective advertising and networking with voluntary organizations active in the sector, sought to identify those who would be willing to become members of the charity and use their own experience to assist the charity. Much of the charity's work focuses upon the promotion of the Christian religion and the running and maintenance of its places of worship.
The methods adopted for the recruitment and appointment of new trustees - New trustees may be appointed by resolution of a meeting of the trustees.
The Trustees are responsible for keeping proper accounting records that 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 the Charities Act 2011. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
Sandra Ofori Trustee 11 February 2025
Page 3
**Restoration Youth Ministry Independent Examiners Report**
## **Independent Examiner's Report to the trustees of Restoration Youth Ministry**
I report to the charity trustees on my examination of the financial statements of Restoration Youth Ministry for the year ended 31 July 2024.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
360 Accounting Services Ltd 27 Old Gloucester Street
London WC1N 3AX 11 February 2025
Page 4
**Restoration Youth Ministry Statement of Financial Activities**
## **for the year ended 31 July 2024**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
2
**Total**
**Expenditure on:**
Raising funds
3
Charitable activities
4
Other
5
**Total**
Net gains on investments
**Net expenditure**
Transfers between funds
**Net expenditure before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
43,663|**Total funds**
**2024**
**£**
43,663|**Total funds**
**2023**
**£**
60,891|
|---|---|---|---|
||43,663
13,206
15,828
15,072|43,663
13,206
15,828
15,072|60,891
14,553
27,826
41,375|
||44,106
-|44,106
-|83,754
-|
||(443)
-|(443)
-|(22,863)
-|
||(443)|(443)|(22,863)|
||(443)
830|(443)
830|(22,863)
23,694|
||387|387|831|
Page 5
**Restoration Youth Ministry Summary Income and Expenditure Account**
## **for the year ended 31 July 2024**
|Income
**Gross income for the year**
Expenditure
**Total expenditure for the year**
Net expenditure before tax for the year
**Net expenditure for the year**|**2024**
**£**
43,663
43,663
44,106
44,106
(443)
(443)|**2023**
**£**
60,891|
|---|---|---|
|||60,891|
|||83,754|
|||83,754|
|||(22,863)|
|||(22,863)|
Page 6
**Restoration Youth Ministry Balance Sheet**
**at 31 July 2024**
|**at 31 July 2024**||
|---|---|
|**Notes**
**2024**
**£**
**Current assets**
Cash at bank and in hand
387
387
**Creditors:**Amount falling due within one year
-
**Net current assets**
387
**Total assets less current liabilities**
387
**Net assets excluding pension asset or liability**
387
**Total net assets**
387
**The funds of the charity**
**Restricted funds**
6
**Unrestricted funds**
6
General funds
387
387
**Reserves**
6
**Total funds**
387|**2023**
**£**
830|
||830
1|
||831
831|
||831|
||831|
||830|
||830|
||830|
These financial statements were approved by the trustees and authorised for issue.
Approved by the Trustees on 11 February 2025
And signed on its behalf by:
Sandra Ofori Trustee
11 February 2025
Page 7
**Restoration Youth Ministry Statement of Cash flows for the year ended 31 July 2024**
|**Cash flows from operating activities**
**Net expenditure per Statement of Financial Activities**
**Adjustments for:**
Decrease in trade and other receivables
Decrease in trade and other payables
**Net cash (used in)/provided by operating activities**
**Net cash from investing activities**
**Net cash from financing activities**
**Net (decrease)/increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Components of cash and cash equivalents**
Cash and bank balances|**2024**
**£**
(443)
-
-
(443)
-
-
(443)
830
387
387
387|**2023**
**£**
(22,863)
25,275
(2,100)|
|---|---|---|
|||312|
|||-|
||||
|||-|
||||
|||312|
|||518|
|||830|
||||
|||830|
||||
|||830|
Page 8
**Restoration Youth Ministry Notes to the Accounts**
## **for the year ended 31 July 2024**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
- Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 9
**Restoration Youth Ministry Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
## 2 **Income from donations and legacies**
|**Income from donations and legacies**||||
|---|---|---|---|
|Donations received from
tithes and offerings
Gift Aid|**Unrestricted**
**£**
33,875
9,788
43,663|**Total**
**2024**
**£**
33,875
9,788
43,663|**Total**
**2023**
**£**
43,861
17,030|
||||60,891|
Page 10
**Restoration Youth Ministry Notes to the Accounts**
## 3 **Expenditure on raising funds**
|_Costs of generating voluntary_
_income_
Costs of generating
donations
4
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
5
**Other expenditure**
Ministry support
Motor and travel costs
Premises costs
General administrative costs
Legal and professional costs
6
**Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**|**Unrestricted**
**£**
13,206
13,206
**Unrestricted**
**£**
15,828
15,828
**Unrestricted**
**£**
-
1,332
5,200
3,802
4,738
15,072
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
43,663
43,663|**Total**
**2024**
**£**
13,206
13,206
**Total**
**2024**
**£**
15,828
15,828
**Total**
**2024**
**£**
-
1,332
5,200
3,802
4,738
15,072
**Resources**
**expended**
**£**
(44,106)
(44,106)|**Total**
**2023**
**£**
14,553|
|---|---|---|---|
||||14,553|
||||**Total**
**2023**
**£**
27,826|
||||27,826|
||||**Total**
**2023**
**£**
23,175
4,636
4,938
7,666
960|
||||41,375|
||||**At 31 July**
**2024**
**£**
387|
||||387|
Page 11
**Restoration Youth Ministry Detailed Statement of Financial Activities**
## **for the year ended 31 July 2024**
|**Income and endowments from:**
Donations and legacies
Donations received from tithes
and offerings
Gift Aid
**Total income and endowments**
**Expenditure on:**
Costs of generating donations and
legacies
Costs of generating donations
**Total of expenditure on raising**
**funds**
Charitable activities
**Total of expenditure on charitable**
**activities**
Other expenditure
Motor and travel costs
Travel and subsistence
Premises costs
Rent
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Bank charges
General insurances
Postage and couriers
Software, IT support and related
costs
Subscriptions|**Unrestricted**
**funds**
**2024**
**£**
33,875
9,788
43,663
43,663
13,206
13,206
13,206
15,828
15,828
15,828
-
-
1,332
1,332
5,200
-
5,200
9
948
265
201
65|**Total funds**
**2024**
**£**
33,875
9,788
43,663
43,663
13,206
13,206
13,206
15,828
15,828
15,828
-
-
1,332
1,332
5,200
-
5,200
9
948
265
201
65|**Total funds**
**2023**
**£**
43,861
17,030|
|---|---|---|---|
||||60,891|
||||60,891
14,553|
||||14,553|
||||14,553
27,826|
||||27,826|
||||27,826
23,175|
||||23,175|
||||4,636|
||||4,636|
||||4,900
38|
||||4,938|
||||-
1,762
40
3,250
-|
Page 12
## **Restoration Youth Ministry Detailed Statement of Financial Activities**
|**Restoration Youth Ministry**
**Detailed Statement of Financial Activities**||||
|---|---|---|---|
|Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Consultancy fees
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net expenditure**
**Net expenditure before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|1,621
693
3,802
1,360
3,378
4,738
15,072
44,106
-
(443)
(443)
-
(443)
830
387|1,621
693
3,802
1,360
3,378
4,738
15,072
44,106
-
(443)
(443)
-
(443)
830
387|2,110
504|
||||7,666|
||||960
-|
||||960|
|||||
||||41,375|
||||83,754
-|
||||(22,863)|
||||(22,863)
-|
||||(22,863)|
||||23,694|
||||831|
Page 13