CHARITY COMM15510N FOR ENGLANO ANO WALES Wolverhampton IRestoratlon Cenlrel Receipts and payments accounts CC16a For the perlod from 0610412023 0510412024 Section A Receipts and payments RestrÈcted funds Endowment funds Total funds Last yèar lo thtt nearest lo Ihe no8r98t£ lo Ihè neArast £ lo the nearest£ lo thtr ne8resl £ A1 Recei Chiir¢h Olfering 25.461 5,754 2,220 323 2S,461 5,754 2,220 323 285 822 701 24,654 3,49ts 750 222 262 2,267 3,315 Seed Vow Thanks glvlng Aid HMRCIRefun6s Grants 285 822 701 tota ross income or AR) 35.566 35,566 34,963 A2 Asset and Investment salès, (see table). Total receipts 35,566 A3Pa ments Pos18ge & Siationery Council lax Subsilence Church Mainienance & DecorglK)n Fuel &TFavel Telephone W81er Cleaning & Sanllaiion Tralnlng & Development MUS￿ Equipment Eleclricily & Ga$ Church Affih'aiion Quoia Church Mini$iry 377 1.195 309 850 540 377 1,195 309 850 540 46 1,829 398 1,505 897 143 504 1,850 4.173 7,169 1,883 744 587 13,200 143 504 1,850 4,473 7,169 1,883 744 587 13.200 290 ,120 2,265 1,274 5,980 1,541 544 894 13,200 Rent Insurance Sa￿￿85 & W¥gos Iniem61 & Online Church Prolession81SeNice5 Sundry Exp8ns8S 1.074 286 472 35.356 1,074 286 472 55,356 1,184 651 33,733 Sub total A4 Asset and investment urchas6s see table Sub total Total payments 35,356 35.356 33,733 Alet of receipts/(payments) A5 Transfers between funds A6 Cash funds last yèar end Cash funds thls year end 210 210 1,230 10,340 10,340 fO,130 CCXX R1 aG¢ounts ISSI 1910712024 S•cllon s si&i•m•nl ol aa8glg fjnd Ilablllllo8 ni 1119 ond ol tho porlod UiirE&gliltl•il DI C•sh hynd* Tot•1 cthsh fijiyd UnrYt•lrlci•d lund• Rq¥lrfcl•d lund• y**r•*lE Endowffl•nt 82 Other n)ontl•ry a￿tt8 . zo30 F￿￿l￿T*￿￿ch Cwllop¥on*ll B4 Assets rntsin•d for lh• chai￿5 own vs¢ Fubrn& Fokn rn14 B5 Uabllities Vw INstevs Sioiialure Prfnl N8mo Dale 01 vol Lo2 CL¥ R2 a(oxrts Issi 19ffj712024 cs Cainscannei CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 06 Apr 2023 5 April 2024 Charity name: House of Favour International Church (Wolverhampton Restoration Centre) Charity registration number: 1171413 Objectives and Activities SORP reference Summary of the purposes of the charity as set out in its governing document Para 1.17 To advance the Christian faith and relief poverty of the general public by providing goods to those in need which they could not otherwise afford through lack of means. goods like food, accommodation, financial su ort and counsellin Organizing parties for the children and homeless. Foodbanks. This year's charity mission activities were mainly affected due to failure to access a grant and escalation of the operational costs (including electricity bills). However, the church promoted music trainingslactivities which are accessible by church members and surrounding communities. I can confirm that the trustees have had regard to the guidance issued by the charity commission on public benefit Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Pala 1.17 and 1.19 statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.18 Additional information (optional You ma choose to include further statements where relevant about.. SORP reference NIA Para 1.38 Policy on grant making NIA Para 1.38 Policy on social investment including program related investment NIA Para 1.38 Contribution made by volunteers Other Achievements and Performance SORP reference The charity has been able to provide financial support to those in serious need. have helped providing food, accommodation and counselling for most people on the street who are fighting with depression and out of job. the charity organises CHARITY DAY once every month where clothes, shoes, household stuff, toys and lots more are given freely to the general public to help reduce poverty. Christmas parties are organised yearly which is open to the general public. The charity has been able to build confidence in those that were depressed, neglected, thereby helping them to start a new life with hope for a better tomorrow. Promotion of the music training activities also helped the participants to avoid loneliness and idleness, that might erde ression. Summary ofthe main achievements of the charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Para 1.20 Additional information (optional) You ma choose to include further statements where relevant about.. Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives set Para 1.41 Investment performance against objectives Para 1.41 Other Financial Review Review of the charity's financial position at the end of the period Para 1.21 The income for the church has gone down due to not having a grant in the accounting year. Vow income also declined by 53 % . However, despite the harsh economic environment the church offerings slightly declined by only 3 % . Whilst, the remaining sources of income increased. No reserves were held Statement explaining the policy for holding reserves statin are held Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concern Para 1.22 Para 1.22 Para 1.22 High demand for current charity ministry needs NIA Para 1.24 Pala 1.23 The charity is in stable condition, hence no concerns regarding going concern Additional information (optional) You ma choose to include further statements where relevant about.. The charity's principal sources of funds (including any fundraising) Offering, tithe, voluntary contribution Pafa 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46 None A description of the principal risks facing the charity Para 1.46 None other structure, Governance and Management Description of charity's trusts= Type of governing document House of favour international church (Restoration centre). Constitution of a charitable organisation. Para 1.25 CIO Dated 1st Februar 2013 Whose only voting members are its charity trustees. How is the charity constituted? Para 1.25 Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Method of selection include regard to the skills, knowledge and experience needed for effective administration of CIO. Persons who can appoint one or more trustees are.. Lucky Moses Otagho, Maris Aghedo and Joy Imafidon. Additional information (optional) You ma choose to include further statements where relevant about.. Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity's organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Para 1.51 other Reference and Administrative details Charity name other name the charity uses Registered charity number Charity's principal address House of favour international church{Restoration centre) 1171413 28 wood street Wolverhampton Wv109ds Funds held as custodian trustees on behalf of others Description ol Ihe a55cIs held in ihia capacity Name and objeGls ol the charity on vth05e beham the assels are hold and how thiu fall wilhin the cuslodian charil ects Delails of artangemenls for sole cuslody and segregation of such assets from Ihe chaTity's own assets None None Additional inf0m￿li0n {optional) Nameg and addresses of advlsers (Optlonal Infomiauon) Type of Namo Address adviser Name of Ghlef executive or names of senlor staff members {OptIonal information) Exemptions from disclosure Reason for non4isdosure of ke rsonnel details Other o tional infomiation Declarations The trustees declare that they have approved the tru5tees' report above. Signed on behalf of the charity's truslee5 Signature(s) Full name(s) Position leg Secretary, Chair, etc) Lucky Moses Otagho Pastor (Chair) Maris Aghedo Secretaryldeaconess Date 1210712024 cs Camscaniiei