RESTORAllON MINISTRIES UK LITfLEHAMPTON REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED31 MARCH 2024
RESTORATION MINISTRIES UK LtrtLEHAMPTON REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED31 MARCH2024 CONTENT Page Statutory Information Report of the Trustees Report ofthe Accountants Statement ol FinancialActivilies Balance Sheet Notes tothe accounts 7-10 Thls does notlorm part olthe statutoryaccounts Income and Expenditure Account li
RESTORATION MINISTRIES UK LtrtLEHAMPTON REPORT AND FINANCIALSTATEMENTS FOR THEYEAR ENDED31 MARCH2024 STATUTORY INFORMATION Prbnelpal Address.. Brandon l Tenants & Resbdents Assoclation Jack Hobbs Community Centre Maddock Way LONDON SE173NH Registered Number: 1189503 Accountants: Akins & Co
RESTORAllON MINISTRIES UK LtrtLEHAMPTON REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED31 MARCH2024 REPORT OFTHE TRUSTEES Trustees Carolina Lopez Casarrubia Giovanni Gallego Fiallo Aimando lose Trujillo Casarrubia Trustees. Responslblltlles In Relation to the Flnanclal siatements Law applicable to charities In England and Wales requires the trustees to prepare Fbnancial Statements for each fbnanclalyear. whlch glve a true and lair view ol the Charity's financial activities duringthe year and ol rts financial position atlhe end of the year. In prek7aringthose financial slatemenis. the trustees are required lo: l. select suitsble accounting policies and then applylhem consistently: 2. make judgements and estimates that are reasonable and prudent- 3. state whether applicable accounting standards and statements ol recommende(I praciice have been followed subjeci to any departure disclosed and expialned in the financial statements., and 4. prepare the financial statements on the goingconcern basis unless it Is Inappropriate to presume that the charitywill continue in business. The trustees are responsible for keeping accounting records which disclose with reasonable accuracyat anytime the linancial posilion of Ihe charity and enable ihem to ensure that the financial statements complywith the Charities Act 1993. They are also responsible lor safeguarding ihe assets of Ihe charity and hence foriaking reasonable steps for the prevention and detention ol fraud and other irregularities. ,,QJ4( Trustee Dated.. 15 January 2025
RESTORATION MINISTRIES UK LtrtLEHAMPTON REPORT AND FINANCIALSTATEMENTS FOR THEYEAR ENDED31 MARCH2024 INDEPENDENT ACCOUNTANTS REPORT We have prepared the financial statements of Restoration Ministries UK for the perlod ended 31 March 2024which comprise the Slatement ot Financlal Activities, Balance Sheet and the related notes sel out on pages 7t0 9. These financial statements have been prepared under Ihe historic cost convention and the accounting policie5 set out on page 7. Thbs report Is made solely lor the trustees In a¢coTdancewith Sectlon 44 ChaTltles Act 1993. Our accounting work has been undertaken so that we might state to the Trustees those matterswe are requlred to stale to them In our accountanis. report and lor no other purpose5. To the fullest extent permitted by law, we do nol accept or assume responsibilityto anyone other than the Trustees of the Associaiion. foi our accounting work, tor this report. or torthe opinion we have formed. Respectlve Responslbllllles olTrustees andA¢couniants The trustees, responsibilities lor preparing the Trustees. Annual Report and the financial staiemenis In accordance with applicable law and Unite¢J Kingdom Accouniing Standards are set out in the Statement of Trustees, Responsibilities on page 2. Our responsibilities is lo prepare the linancial statements in accordancewith relevant legal and regulatory requirements and Uniied Kingdom Accounting Sianijards. We report tothe trustees our opinion whether the financial statements give a true and falrvlew and are prepared in accoTdance wth the Charities Aci 1993. We also report to you it, in our opinion, the Trustees, Annual Report is not consistentwith the financial staiemenls, If the charity has not kept proper accounting recor¢Ys. or if we have not received alllhe inform£lion and explarbationswe require forlhe preparation ol the financial statements. We read the information contained in theTrustees' Annual Report and considerwhether 11 55 conslsteni 1h the llnancial staiemeffls. We considerthe implication foi our report ilwe become aware otanyapparent misstatement or malerial inconsistencies with the financlal statements. Our responsibilities do not extend io anyother information. We have prepared the financial slatements with the United Kingdon Accounting Standards issued try the Accounting Standards Board. The preparation include examination. on a tesi basis, ol evidence relevanl tolhe amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgements made by ihe irustees in ihe preparation of the financial statemenis, and of whetherthe accounting policie5 are appropriate to the Charity's circumstances. consistently applied anij adequately discLose(J.
RESTORATION MINISTRIES UK LtrtLEHAMPTON REPORT AND FINANCIALSTATEMENTS FOR THEYEAR ENDED31 MARCH2024 INDEPENDENT ACCOUNTANTS REPORT Basls of oplnlon Icontlnuedl We planned and performed our preparation so as to oblain all information and explanations which we considered necessary in order io provide us wilh sutticient evidence to glve reasonable assurance as to whetherthe financial statements are free from material misstatement. whether causeij by Iraud or other irregularity or error. In forming our oplnion, we also evaluale the overalladequacy ol the presentation of information in the financial statements. Unquallfled oplnlon In our opbnlon, the Ilnancial statements give a true and fairview of the state ol affalrs of the charity as at 31 March 2024 and ol Ils incoming resources and application ol resources forthe period then ended and have been properly prepared In accordance wlth the Charities Act 1993. Accountants Aklns&Co Dated.. 15 january 2025
RESTORATION MINISTRIES UK LtrtLEHAMPTON REPORT AND FINANCIALSTATEMENTS FOR THEYEAR ENDED31 MARCH2024 STATEMENT OF FINANCIALACTIVITIES Incomlng Resources 2024 2023 Activities in furtherance of the charity's object5 27,471 71,SY)6 Investment Income Total Incombng Resources 27.471 71,906 Resources Expended Cost of generating funds Management and Administration Donaiion to Olher charlties 40.124 63,729 Total Resources Expended 40,124 63,729 Net incoming resources belore other recognised gains and losses 112.6531 8,177 Other recognised gains and losses Net movement in funds for the year 112.6531 8.177 Balance Brought Forward- 8,177 Total funds as at 31 March 2024 14.4761 8.177 All activities relate to ¢ontinuingoperations.
RESTORATION MINISTRIES UK LtrtLEHAMPTON REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED31 MARCH2024 BALANCE SHEEr AS AT 31 March 2024 2024 2023 Noie Flxed Assets: Tangible Fixed Assets Current Assets Receivable lance at bank and In hand 142 142 Curent LSabllltles Creditors.. Arnount falling due wlthin l year Net Current Assets Isooi 13581 2,642 Credltor$ Amount due more than l year 17,1181 Total Assets Less Current Llabllltles 14,4761 Represented by- General Funds Unreslrlcted Funds Restricted Funds io li 14,4761 14,4761 Approved by the trustees on 15th January 2025 and signed on its behalf by: ITrusteel
RESTORATION MINISTRIES UK LtrtLEHAMPTON REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED31 MARCH 2024 NOTES FORMING PART OFTHE FINANCIAL STATEMEMts l. PrlnclpalAccountlong Pollcles a. Accountln# Conventlon The Ilnancial staiemenis are prepareij undeilhe historic cost convenlion. In preparingthe tinancial statements, the charityfollows the best practice as laid down In ihe Siaiemeni of Recommended Praciice'Accouniing and Repo rting by Charities" ISORP 20001 issued in October 2000. To comply lully with The Statement ol Recommende¢J Piactice. would require investments to be accounte¢J lor at valuation. The trustees are ol the opinion that since the investments are held lor the long term. itwould be Inapproprbate io account for unrealbsed galns and losses lor the perlod. Therefore inveslmenls have been accounted for at hislorical cost. This is the only exception to compllance with The Siarement ol Recommended Pracllce. The market value of the investment5 is disclosed. b. Income Irom members is credited lo the income in Ihe year in which it is receivable by the Association. All other Sncome Is crediied to Income in the year in which it is received on a cash basis. c. Donations io Oiher charities are charged In the year when the offer Is conveyed to the recipients except in those cases where the offer is conditi onlng, such as donations oigrants belng recognlsed as expenditure en the condition5 attached are lullilled. d. Unrestricted funds are generalfunds which are available lor use at the dlsc rection of the trusiees in turtherance of the general objectives of Ihe Asso iation and which have not been designated lor other purposes. e. Tangible Fixed Assas The tangible assets ale stBted at cost less depreciation. The general policy is to provide depreciation on tixed assets on a reducing balance method over their estimated useful lives. No depreciation is charged in the year in which the assets are sold or scrapped. Tangible fixed ass5 are depreciaied at raies appropTiate to Ihe assets concerned. Freehold Property Improvements lo Propety Equipmenls Furniture and Fixtures io% io%
RESTORATION MINISTRIES UK LtrtLEHAMPTON REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED31 MARCH 2024 NOTES FORMING PART OFTHE FINANCIAL STATEMENTSlcontlnuedl 2. IncomlngResources. Aciivbtles In furtherance of charity's objects 2024 2023 Tithe5 and Offerlngs 27,471 71,9)6 27,471 71,906 3. Investment Income 2024 2023 Interest recelved on bank deposit account 2024 2023 4. Cost of Generatlng Incomlng Resources S. Management and AdMIniratIOn 40,124 63,729
RESTORATION MINISTRIES UK LtrtLEHAMPTON REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED31 MARCH 2024 NOTES FORMING PART OFTHE FINANCIAL STATEMENfs Icontinuedl 6. Tanglble Flxed Assets Moi Olfi¢e MA Furnlture Va EgulpmÈMEqulpmÈ &Muslc & FL¥tures Totsi C05t BrouEht Forward Additions 3.0 3.000 3.000 3.000 Carried lorward Depre¢lallon Brought Foard Provided during the year Carried forward Net Book Value 3.000 3.000 7. Recelvables 2024 2023 Amount falling due within l year 8. Crediiors 2024 2023 Amount falling due within l year 500 Amount falling due after more than l year 7,118
RESTORATION MINISTRIES UK LtrtLEHAMPTON REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED31 MARCH 2024 NOTES FORMING PART OFTHE FINANCIAL STATEMENTSlcontlnuedl 10. Unrestrlcied Funds 2024 2023 Balance Brought Foard Net movement in Funds lorthe year 27.471 140.1241 6aiance CarrSed Forward I,653) 11. Restrlcted Fund$ 2024 2023 This represents amount provided and set aslde lor specllic purpose. io
RESTORATION MINISTRIES UK LtrtLEHAMPTON REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED31 MARCH 2024 STATEMENT OF FINANCIALACTIVITIES 2024 2023 Incomlng Resources Tlthes and Offerbngs Other Income Gifts Aid Receivable 21,550 5.921 3S.568 15.498 20.840 27.471 71,906 Resource Expended Rent and Servlce charges Staff Costs Volunteer Expenses Charitable donations and tood bank Adverllsing & Promotions Insuran¢e Media & Telephone 12.996 20,270 9,600 6,970 7,084 6,9)4 2,011 326 iio Post off Ice Office Supplies & Instruments Restoration & Refurbishments Travel Eevents & Transport Meetings & Events & Zoom Prolessional Fees Bank Fees 492 211 11.204 3,415 203 2,269 15,125 899 80 Tolal Resource Expended 40,124 63,729 Excess ol Incomlng Resources Over Resource Expenfled I,653? 8,177 li