2024-09-30-accounts

INTERNATIONAL CENTRE RESTORATION OF LIFE

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30[th] SEPTEMBER 2024

CHARITY NUMBER: 1170135

INTERNATIONAL CENTRE RESTORATION OF LIFE UNIT 13 WOODHOUSE STREET STOKE-ON-TRENT ST4 1EZ

INDEX Page Index 1 Trustee’s Report 2 – 3 Independent Examiners’ Statement 4 Receipts and Payments Account 5 Statement of Assets and Liabilities 6 Notes on the financial Statements 7

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INTERNATIONAL CENTRE RESTORATION OF LIFE

TRUSTEES’ REPORT YEAR ENDED 30[th] September 2024

The trustees are pleased to present their report for the year ended 30[th] September 2024 for the charity, International Centre Restoration of Life with charity number 1170135.

The Trustees of the charity are: Rev Akuma Maregane Ms Candis Christian

The principal address of the charity is: Unit 13 Woodhouse Street Stoke-on-trent

ST4 1EZ

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a CIO – Foundation Constitution registered 11[TH] November 2016. The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.

OBJECTIVES AND ACTIVITIES

The Objects of the organisation are first to advance the Christian Religion for public benefit. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.

ACHIEVMENTS AND PERFORMANCE

The Organisation continues to hold successful Christian services through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation also held several online conferences during the year in which individuals came from all around the community to participate in. The organisation refused several grants that assisted in providing support and care for many vulnerable families and young people in the community.

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FINANCIAL REVIEW

The income of the charity is above £58,000. This is a lower amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the rent of its building that it uses for worship services and providing support for families that were in need in the community.

PLANS FOR THE FUTURE

The church intends to continue to host its regular yearly conferences in UK. The intended re-appointment of our present independent examiner at the upcoming trustee meeting is expected to support the financial operations by making it more effective.

RESERVE POLICY

It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure .This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.

RISK MANAGEMENT

The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.

TRUSTEE RESPONSIBILITIES

Under the Charities Act 2011,the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:

1. Select suitable accounting policies and apply them consistently.

2. Make judgements and estimates that are reasonable and prudent.

3. State whether the applicable accounting standards have been followed.

4. Prepare financial statements on an ongoing basis.

They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.

Approved by the Trustees on 13[th] August 2025 and signed on their behalf by:

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Independent Examiner’s Report To the Trustees

INTERNATIONAL CENTRE RESTORATION OF LIFE

I report on the accounts of the church for the year ended 30[th] September 2024 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.

Respective responsibilities of trustees and examiner

The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 43(2) of the Charities Act 1993 (the 1993 Act),does not apply. It is my responsibility to :

• Examine the accounts under section 43(3) of the 1993 Act.

• Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 43(7)(b) of the 1993 Act.

• State whether particular matters have come to my attention.

Basis of Independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a 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 procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention;

• (1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:

• proper accounting records are kept( in accordance with section 41 of the Act)

• accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act: or

• (2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Chuks Ajuka FICB PMDip Fresh Fire Organisation Generator Business Centre 95 Miles road Mitcham Surrey CR4 3FH

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INTERNATIONAL CENTRE RESTORATION OF LIFE

ACCOUNTS FOR THE YEAR ENDED 30th September 2024

Receipts & Payments Account (General Purpose Fund)

Income Receipts Tithes and Offerings Gift Aid Grants Total Receipts Direct Charitable Expenditure Supplies Charity donation Hall Hire Rent Refreshments Rates Speakers expenses Homeless support Professional fees Repairs Advertising Internet/website Admin Insurance Transport Mission outreach Renewals & Decorations Other Expenditure Equipment Instruments Community Events Hotel Total Payments Net Receipts/(Payments) for the year Cash Funds brought forward Cash Funds at the end of the year	£/2024 £/2023 45224 29256 9301 2215 4000 29995
	58525 61466
	315 747 2528 1354 9680 6450 115 293 0 1500 5008 1773 13388 9362 1278 4678 4024 525 150 743 48 880 2080 505 1319 920 165 2166 1635 1635 2170 1736
	43903 34520 15205 2436 759 154 8068 7748 4948 700
	28980 11038 72883 46305 -14358 15161 15677 516
	1319 15677

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	INTERNATIONAL CENTRE RESTORATION OF LIFE
**2 **	Statements of Assets and Liabilities at 30th September 2024
	Monetary Assets
	Cash Funds				Unrestricted Funds
					£/2024	£/2023
					£	£
	Cashathand andinbank				1319	15677
	Total Cash Funds				1319	15677
	Assets Retained for the
	Charity's Ownuse
	Non-monetary Assets and Liabilities
	Musical Instruments				738	163
	Equipments				14998	3543
					15736	3706
	Liabilities
	Bookkeeping				360	360
	These accountswere approved by the trustees and signed ontheirbehalfby:
	Rev AkumaMaregane
	____________

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INTERNATIONAL CENTRE RESTORATION OF LIFE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30th September 2024 ACCOUNTING POLICIES Basis of Accounting These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year. Funds The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services. The CIO has no outstanding guarantees to third parties no any debts secured on the asstes of the CIO Public Benefit The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. Depreciation Depreciation is calculated at 20% reducing balance method.

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