**Re-awakening Mission Movement** ## TRUSTEES REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 Page 1 Re-Awakening Mission Movement ## **Re-awakening Mission Movement** ## CONTENTS ||Pages| |---|---| |Administrative|3| |Trustees report|4| |Statement of financial activities|6| |Statement of financial position|7| |Detailed income and expenditure|8| |Notes to the Financial Statements|9-11| Page 2 Re-Awakening Mission Movement ## **Re-awakening Mission Movement** ## Administrative information ## Chairperson ## Pamela Adodo ## Other Trustees Kehinde Olabode Olubunmi Bajulaiye Charity Registered Number: 1205554 Registered Office Unit 20 Fiddlebridge, Industrial Centre, Hartfield, Hertfordshire AL10 0DE Banker: Trustees Report for the year ended 31 May 2024. Trustees present their financial statements for the year ended 31 May 2024 Page 3 Re-Awakening Mission Movement ## **Re-awakening Mission Movement** The Trustees of Re -Awakening Mission Movement presents their report and financial statements for the year ended 31 May 2024. The trustees have adopted the provision of the Statement of Recommended Practice (SORP) “Accounting and reporting by Charities “Issued on October 2000 in preparing the annual report financial statement of the charity. ## Charity Details A list of names and addresses of the charities principal officers and bankers is set out on page 3 ## Objectives The charities' principal activity is the proclamation of the gospel of Jesus Christ 1. To advance the Christian doctrine (in accordance with the statement of our belief) in such part of the United Kingdom or the world as the trustees from time to time think fit, General Charitable Purposes 2. Support and help people with Disability 3. The Prevention Or Relief Of Poverty 4. To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, good or services of any kind, including through the provision of counselling and support in such parts of the United Kingdom or the world as the trustees from time to time may think fit; and 5. To advance education in such ways and in such parts of the United Kingdom or the world as the trustee from time to time may think fit; 6. 4 The trustee must use the income and may use the capital of the church in promoting the objects. ## Organization Re-Awakening Mission Movement is governed by a board of trustees who are elected to serve the church and run its affairs. Annually the Board reviews the range of skills it has available and uses its power of co-option to ensure the gaps are filled. Page 4 Re-Awakening Mission Movement ## **Re-awakening Mission Movement** ## Risk and Internal Control Then accordingly Trustees review the main operational risks and actions to manage or mitigate it. ## Review of transactions and financial position ## Income Resources The total income of the organization for the year has been derived from its principal activities wholly undertaken in the United Kingdom. During the year, donation income resources, gift and grant received totalled £4300 The donations and gifts received have been made available without restriction as to its usage. The balance on the charity’s fund is unrestricted. These will be used to fund the charity's objectives during the new financial year. The Trustees confirmed that the charity's assets are available and adequate to enable it to fulfil its obligations. ## Reserve Policy Freely available reserves are pools of unapplied resources available to meet future demands on the charity's resources. This is generally purpose money the can be spent on many of the purposes of the charity. Free reserves of the charity are represented by its unrestricted funds less the net book value of its assets. As at 31 May 2024, these amounted to -£0 ## Statement to Trustees' responsibilities Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are require to a) Select suitable accounting policies and apply them constantly; b) make judgment and estimates that are responsible and prudent; c) state whether applicable accounting standards and statements of recommended practice have been Followed, subject to many departures disclosed and explained in the financial statement; d) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue on that basis. The Trustees are responsible for ensuring that proper books are maintained, for safe guiding assets of the charity, and taking reasonable steps for the prevention and detection of fraud and other irregularities. The board has reviewed the effectiveness of the system of internal control and there are no material weaknesses that would resulted in losses, contingencies, and uncertainties that require a separate disclosure in these accounts. Page 5 Re-Awakening Mission Movement **Re-awakening Mission Movement** ## STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 MAY 2024 |Total fixed asset
Current assets
Debtors
Cash at bank and in hand
6
Creditors: Amount falling due within one
year
4
Net current assets
Total assets less current liabilities
Creditors: Amounts falling due after more than one year
Total net assets or liabilities
Funds of the Charity

Restricted income funds

Unrestricted income funds
5
Revaluation Reserve


Total funds

Notes
Fixed asset
Tangible assets
3|Total this year
Total last year
£
£
-
-|Total this year
Total last year
£
£
-
-| |---|---|---| ||-
-

-
|-
-
-| ||-|| |||| |||-| |||-| ||
-


-

|-

-| |||| Page 6 Re-Awakening Mission Movement **Re-awakening Mission Movement** DETAILED INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 MAY 2024 G |



Income and Resources

offering and Thanksgiving Gift
Others

Total Income Resources
|
Unrestricted
Restricted
£ £

4000

300-
4,300
-|Total Fund
4000

300
4300| |---|---|---| |

OUTGOINGS


Cost of activities in furtherance's of charity's objectives
church Rent and Rates
2,350
-
Charitable donation and gifts
1250
-
Music and Entertainment
700
-
Outreaches
1,000
5300|

OUTGOINGS


Cost of activities in furtherance's of charity's objectives
church Rent and Rates
2,350
-
Charitable donation and gifts
1250
-
Music and Entertainment
700
-
Outreaches
1,000
5300|




|2,350
-
1250
-
700
-
1,000
5300| |---|---|---|---| |||-|| ||5300||| Page 7 Re-Awakening Mission Movement **Re-awakening Mission Movement** ## Notes To The Accounts For the year ended 31 May 2024 ## 1. Accounting Policies ## Basis of preparation The accounts have been prepared under the historical cost convention and in accordance with the financial Reporting Standard Entities (effective April 2008), ## Incoming Resources Incomes are mainly from grants and sundry incomes received and included in the financial statement when received. This incoming resource represents money incomes for the reporting period and very low due to our just starting and hoping it improves ## Resources Expended All expenditures are accounted for on accrual basis and have been classified under headings that aggregate all costs related to the category. The charity expenditures represents the amount expended by the church in the current reporting period ended 31 May 2024 ## Taxation As a charity, the charitable funds are exempt from corporation tax but not from VAT. Recoverable VAT is in accordance with standard accounting practice, included in the cost of those items to which it relates . ## Depreciation Depreciation has been provided at the following rates on a reducing balance method. |Equipment
|25%| |---|---| |Church Offices , Fixtures and Fitting|25%| |Furniture’s & computer|25%| |Motor Vehicle|25%| Page 8 Re-Awakening Mission Movement **Re-awakening Mission Movement** ||
2024
| |---|---| |2.Operating Profit|| |This is stated after charging:|| |Depreciation of owned fixed assets|-£1,000


| Page 9 Re-Awakening Mission Movement ## Notes To The Accounts For the year ended 31 May 2024 ## 3. Tangible Fixed Assets |3. Tangible Fixed Assets||||||||| |---|---|---|---|---|---|---|---|---| ||||**Fixture &**|||||| ||**Equipment**||**Fittings**||**Furniture**||**Total**|| |**Cost/Net Book Value**||||||||| ||**£**||**£**||**£**||**£**|| |As at 1st June 2023||||-||-||-| |Addition during the year||-|
|-||-||-| |Disposal/ written off||||||||| |At 31st May2022||-|
|-||-||-| |
Depreciation||||||||| |As at 1st June2022||-|
|-||-||-| |Depreciation charge for the year||-|
|-||-||-| |Disposal/written off||-|
|-||||-| |At 31st May 2023||-|
|-||-||-| |Net Book Value At 31st May||-|
|-||-||-| |2023||||||||| Re-Awakening Mission Movement Account Report 10 **----- Start of picture text -----**
2024
**----- End of picture text -----**
£ ## Notes to the Accounts > [For the year ended 31 May 2024 ] 5. Unrestricted funds **----- Start of picture text -----**
-
Brought forward
Adjustment unrestricted funds for the period -1000
As at 31st May 2024 -1000
6. Cash& Bank Balances 2024
Cash in hand &at bank 0
7. Assets Schedule
Equipment 2024
Equipment 0
Fixtures and Fittings
Fixtures & Fittings - -
PAM ADODO
**----- End of picture text -----**
Brought forward Adjustment unrestricted funds for the period -1000 _Signed by one or two trustees on behalf of all the trustees_ Print name: ………………PAMELA ADODO…………………………………………………… Date of approval: ………………………………. 10[th] September 2025 Re-Awakening Mission Movement Account Report 11