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RENEW COUNSELLING LTD REFERENCE AND ADMINISTRATIVE INFORMATION INDEX Page REFERENCE AND ADMINISTRATIVE INFORMATION...-....-....................--..-.-................-................ REPORT OF THE COUNCIL...............................-.-......--....-....--....-.-.....-....--..-.-......-........-................ STRUCTURE & GovERNANCE..................-.....................-...................................................................................... OBIECTS. & MISSION OF RENEW COUNSELLING LTD................................................................................... AcfIviTIES OF RENEW COUNSELUNG LTD................................... ....................................................................... AcTIVtTY 202212023 (APRIL- MARCH}........................................................................................................... M OF RENEwCouNSELUNG LTD..................................................................................................................... STATEMENT ON PUBLJC BENEFIT....................................................................................................................... 10 FINANCIAL REWEW........................................................................................................................................... FUTURE STRATEGY.............................................................................................-.....-........-.........-..........-.......-.. 13 TRUSTEES. RESPONSIBILMES 5TATEMENT......................................................................................................... 14 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF RENEW COUNSELLING LTD LIMITED....,............................-....-....-......-.-....-...-.....-.........-............... 15 STATEMENT OF FINANCIAL ACtIVTfiES........................................... ............................... (INCORPORATING AN INCOME & EXPENDITURE ACCOUNT) ..18 BALANCE SHEET................................................ .. ..19 CASH FLOW..-........................... .20 NOTES TO THE ACCOUNT...... ...... ..21
RENEWCOUNSELLING LTD REFERENCE AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2023 Patrons The Rt. Revd. Dr Gull Franci5-Dehqani. Bishop of Chelmsford The Rt. Revd. Alan Williams. Bishop of Brentwood The Lord Petre Members of Council and Charlty's Trustees TIM Rose- Chairman Jo Rassell - Treasurer Ruth O'Neill Matthew Cooper Deidra Armsby Emma Plunkett Revd Jane Richards Sandra Stockwell Will Steed Appointed 9th December 2022 Key staff Appolntments Chief Executive and Company Secretary. Nikki Schuster Counselling Managers-Lisa Brown Counselling Manager (Schools Servicel- Justine Colley Programme Leader {Trainingl - Karen Ilott Senior Offices Manager- Emma Srnith Status Renew Counselling Ltd is a company limited by guarantee. company number 4099810. registered in England and a registered charity, number 1084940. Registered and Principal Office Sadlers House 2 Legg Street Chelmsford, Essex CM1 1AH Accountancy Consultant Paul Thompson F.C.C.A Thompson Accountancy seICe5 Limited. Suite 9, Hadleigh Business Centre. 351 London Road, Hadleigh. Essex SS7 2BT Audltors Haysmacintyre LLP 10 Queen Street Place London EC4R IAG Bankers Barclay5 Bank plc. 75 High Street, Brentwood Sollcitors Pretys. l Legg Stree[ Chelmsford, Essex CM11JS Investment Advisers Royal London Asset Management, 55 Gracechurch StreeL London EC3V OUF
RENEWCOUNSELLING LTD REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2023 Structure & Governonce Governing Document Renew Counselling Ltd is a company limited by guarantee and also a registered charity. Its governing document isthe memorandum and articles ofa550Clation. The Directorsof the Companyare the Trustees of the charity and are known as the Renew Counselling Ltd Councll. Recrultment and Appolntment of Trustees Trustees are recruited having regard to the age, gender, cultural and skills mix required to maintain good governance and the ethos of the Charity. Trustees are appointed by Member5, VQte at the Charity'5 Annual General Meeting. All Members of Renew Counselling Ltd are entitled to vote. The Trustees also have the power to Co-opt up to three people to the Council. An induction proce55 is in ploce to ensure Trustees understand the work of Renew Counselling Ltd and thelr responslbilities as Trustees. This involves: Understanding the charity's purposes. Reading our governing documents and gaining an understanding of the rules, meeting the trustees and finding out how we operate. Organisational Strurture Renew Counselllng Ltd Councll meets four to six times a year. Council is responsible for governance and approves all the strategic and operational plans for Renew Counselling Ltd. There are trustees, committee5 covering operations, finance investments and fundraising. A Chief Executive is appointed by the Trustees to manage the day-to-day operations of the charity. Risk Management The Council of Renew Coun5elling Ltd, in consultation with the senior management team, has developed a process for regular review. assessment and management of risk within the organisation.. By anticipating future trend5. Opportunities and risks, Council endeavours to make best use of Renew Counselling Ltd's resources, responding positively to changes in the external environment and continuing to deliver high quality services representing best value for money. An in-depth analysis of the major risks facing Renew Counselling Ltd has been undertaken. The Risk Review document is reviewed on a quarterly basis. The Chief Executive reports to Council highlightlng any risks and the strategies that have been implemented to minimise risk. All Council members are then involved in the ongoing identification and management of risk and a record is kept of development activity required to reduce risk. This record is monitored and kept updated to ensure that strategies are in place to minimise Renew Counselling Ltd's exposure to financial. legal. professional, ethical and employment risk. The principal risks and uncertair)ties identified by the charity are as follows.. Risk Identffied Safe uardin maryers Goin conce¥n Reductlon In cl*nt and student numbers Actlon taken to mltlgate the rlsk ularl update olicies and mandato anNal tralnlng for all staff Diverse income streaffls and dent investin of reserves.. Re Regular marketing of servKes to maintain client and Student numbe[5 The Reference and Admlnlsrratlve Informatlon set out on page 2 fom)s Part of thi5 rem The finaal statunetts cofflply hth current statutory requirement& the memorandum and artlcles of associ8tlDn and the Ststement of RecommÈnded Practice - Acctsunting and Reporting byCh6[e5 Iseiond Ed0 20191.
RENEW COUNSELUNG LTD REPORT OF THE COUNCIL (continued) FOR THE YEAR ENDED 31 MARCH 2023 Related Partles Renew Counselling Ltd works closely with a range of voluntary, statutory and community organisation5 in order to ensure a high quality comprehensive service for our own clients and for the purp05e5 of contributing to the planning and delivery of services for people within our communities. Where possible we contribute to consultations on the development of services through various local strategic planning Structures. Objects, Alm & Mlsslon OJ Renew Counselllng Ltd The Object of Renew Counselllng Ltd Renew Counselling Ltd is established to improve emotional and mental health by providing counselling and psychotherapeutic support. In furtherance of the said objects, but not further or otherwise. the company shall have power: lal to provide high quality, affordable. acce55ible and responsive counselling and psychotherapeutic inteNentions to anyone of school age and above and to couples in East London and Essex. (bl to train counsellors to a high standard (cl to supervise and train other professionals who are engaged with emotional and mental health issues (dl to take over the assets, liabllities and general undertaking of the West Ham Central Mission The Mission of Renew Counselllng Ltd Through a range of professional counselling and other support service5, we seek to enable people to: Gain insight into, and understanding of. the issues in their lives Explore possibilities for change Develop their own choices and solutions Discover ways of gettlng to where they want to be Use support and develop strategies to enable them to deal with future difficulties Through such activity we aim to enable people to lead more fulfilling Iwes and contribute to the wider development of family. community and societyfor public benefrt.
RENEWCOUNSELLING LTD REPORT OF THE COUNCIL {continued) FOR THE YEAR ENDED 31 MARCH 2023 Ourvalues We believe that: every human being is O unique valuable O destined to live fully- whatever that might be We will- be non-judgemental- whateverthe Issue respect age, gender, ethnicity, sexual orientation and faith provide the 'space' that counselSing gives offer a response tailored to individual need We are committed to: honouring the Christian faith and vision that founded our organisation worklng wlth other professlonals through our training courses working wlthin the Britlsh Association of Counselling & Psychotherapy IBACPI Ethical Framework reflect these values in our structure, relatlonshlps and as an employer Attwities oARenew Covnselling Ltd In order to achieve the above aims Renew Counselling Ltd uses both strategic and operational planning processes, establishing priorities for development of the work. The primary objective is the delivery of accessible, profe55ional counselling services for children, young people and adults. Renew Counselling Ltd also delivers professional training in coun5ellin9 children and adolescents. Services are currently provided across Mid and South Essex and East London Boroughs in our own centres and in schools across rhe region. We provide profe$5ional training in counselling to HE Diploma and HE Degree level from our training suite in Chelmsford as an Academlc Franchise partner of Anglia Ruskln University.
RENEW COUNSELUNG LTD REPORT OF THE COUNCIL Icontlnued) FOR THE YEAR ENDED 31 MARCH 2023 The Role of Volunteers at Renew Counselllng Ltd It is important to mention the significance and the added value of being a voluntary organisation and to recognise the huge contribution made by individuals in meetin9 our charitable aim. A number of people provide various professional and support attwities to enable us to provide Services for those in our local community. It is difficult to quantify thls in terms of a 'monetary value, in any meaningful way, however without the support of such people Renew Counselling Ltd would not be in a position to respond to the needs of as many people as it can. The support is therefore of irnmense value in terms of our capacityto make a difference in the community. Having a proportion of voluntary counsellors within the organisation is a way of meeting the increased demand in seNices where funding is limited or the client's ability to cor)tribute is restricted. Allied with a policy of offering placements for trainees acr055 all areas of our work we have developed a more diverse staff group with the potential of developing personal and professional growth through these different roles and transition between them. The move away from purely pald counsellors is in accord with our statu5 of charity and a Third Sector organisation. We are particularly indebted to the following groups who made a regular commitment throughout the year: People who have provided administratlve and reception support on a voluntary basis enabling us to deliver services to people at their time of need. People who provided professional counselling I therapeutic supports in terms of delivering seNices to individuals I groups on a trainee or volunteer basis. People who have given time and expertise through various advisory and planning committees, professional consultations and also organising activities. In addition Renew Counselling Ltd would like to acknowledge the voluntary contribution made by most of its paid staff members who demonstrate cornmitment and dedication to the seNice over and above contracted hours.
RENEW COUNSELUNG LTD REPORT OF THE COUNCIL (continued) FOR THE YEAR ENDED 31 MARCH 2023 Artivit 2022 /2023 A total of 1019 clients were seen by Renewing Counselling over the year 202212023 500 400 420 300 287 200 100 12 Adults Couples Children & School clients Young People Frfxtra 459 clients seen at Renew Counselling Sycamore Centre 273 cllents seen at Renew Counselling Bridge Centre Adults Young People & Children Couples Adults Young People & Children Couples 10 120 82 329 189
RENEW COUNSELLING LTD REPORT OF THE COUNCIL {contlnued) FOR THE YEAR ENDED 31 MARCH 2023 A total of 14.834 Counselling sessions were offered at Renew Counselling 2022-23 Schools 3367 Couples 1 92 Fifktra 1207 Adu5 6335 iooo 2000 3(KlO 4000 5000 Adults Fifxtra Young People & Children w Couples Schools A total of 7.879 Counselllng sesslons were offered at Renew Counselling's Sycamore Centre in 2022 - 2023 accross the following client groups- A total of 3588 Counselling sessions were delivered at Renew Counselling's Bridge Centre In 2022 - 2023 accross the following client groLJPS: 10 Adults Young People & Children Couples Fifxtra Adult5 Young People & Children Couples Number of students enrolled at Renew Counselling Diploma {HE) Counselling Children & Young Person in 2022- 2023 20 19 15 io Year l Diploma Ye£1 2 Diploma Year 3 Diploma Year 4 Diploma Degree
RENEW COUNSELLING LTD REPORT OF THE COUNCIL (contlnuedl FOR THE YEAR ENDED 31 MARCH 2023 Aim of Renew Counselllng Ltd Our airll is to enable people to easily access affordable counselling. In order to do this we will: Make information about our seNices easy to find by continuously updating the information on our web-site and by regularly rnailing information about our services to local health profe55ionals, libraries, educational establishments, youth services. local churche5 and community centres Provide training and information sessions to local churches Maintain 9ood relationships wlth other key stakeholders in the field of rnental health Develop and expand our seNices where possible in light of suggestions made by our existing seNice users Contlnue to offer counselllng at a range of community locations such as libraries and to extend these where possible Continue to provide counselling services during evenings Ensure that we can provide accommodation for clients with disabilitie5- either in our premises or by hiring suitable alternative rooms if the degree of disability prohibit5 the use of our own Provide interpreters where the range of languages Spoken by our own counsellors is insufficient- including BSL and ESL if necessary Ensure we seek fundlng to support those on low-income or benefit through the provision of funded counselling Continue to develop our training courses and obtain BACP accreditation for our Diploma Course
RENEWCOUNSELLING LTD REPORT OF THE COUNCIL (continued) FOR THE YEAR ENDED 31 MARCH 2023 Staternent on Publlc Beneflt The object. alm, mission, achievements and performance sections of this report clearly set out the activities which Renew Counselling Ltd undertakes for the public benefir. The Trustees confirm that they have cornplied with the duty in settion 17 of the Charities Art 2011 to have due regard to the public benefit guidance published by the Commission In determining the activities undertaken by the Charity. The Councll of Trustees makes the following observation on the two key principles of public benefit. Principle 1: There must be Identlfiable benellt or beneflts It must be clear what the beneflts are: The clear benefits provided by Renew Counselling Ltd are delivered through the seNice delivery areas of counselling centres and associated projects providing profe55i0nal accredited counselllng and training- initial and continuing professional development to those working with children and young people - which are described elsewhere in this report ond reflected in the allocation of resources expended set out in the Statement of Flnanclal Activities. 1b The benefits must be related to the alms.. Renew Counselling Ltd aims to support people in East London and Essex who are experiencing personal. emotional or mental health problems to overcome or respond more effectively to them. All benefits derived are consequential to this aim. 1¢ Benefits must be balanced against any detriment or harni: Our service delivery model principally uses qualified counsellors, we also have counsellors who have progressed sufficiently in their training to be able to undertake placement actlvity, who are required to have regular clinical supervision and work to the British Association for Counselling and Psychotherapy IBACPI Ethical Framework for the Counselling Professions 2018 to ensure that there is no detriment or harm caused. Renew Counselling Ltd is accredited by the BACP which requires that our policles, practlces and structures are such as to meet the standards set out in the Ethical Framework for eth Counselling Professions 2018. Thi5 ensure5 that client welfare and wellbeing are paramount. Risk is constantly reviewed in clinical supeNision. risk registers are maintained within Counselling centres and referrals made to statutory mental health seiceS where necessary. Prlnciple 2: Benefit must be to the public or a sectlon of the public The beneficlarles must be appropriate to the aim: The beneficiaries are children. young people and adLJlts living within East London and Esse which dirertly accords with our object and aim. io
2b Where the benefit Is to a section of the publlc, the opportunlty to benefit must not be unreasonably restricted by geographical or other restrictions: or by the ability to pay any fee5 charged: The reporrs from the Counselllng Centres demonstrate thatv are delivering SeiCe5 to children, young people and adults across East London and Essex. A small amount of this work is funded by statutory bodies, and through grants and is therefore 'free at the point of delivery, to clients. Where clients approach us directly for counselling which doesn't fall within the remit of such contracts fees are calculated on 'an ablllty to pay, basis, although the true cost of sessions is made clear. A minimum fee operates in order to ensure that clients properly 'own.' comrnit to and value the therapeutic encounter. The Council of Trustees are content that this is in accord with the BACP Ethical Framework for the Counselling Professions 2018 and that our fees do not preclude from receiving counselling. Indeed clients who are unable to access counselllng and therapy elsewhere are enabled to do so through Renew Counselling Ltd. 2c People in poverty must not be excluded from the opportunlty to benefit: People in poverty are the reason for the Charity's existence as is set out in the object. As reported above many of our clients are unable to access professional accredited counselling and therapy elsewhere. 2d Any private benefits must be incidental: In order to provide counselling and therapy to a professional level and support the extensive seNice that are delivered, Renew Counselling Ltd employs and remunerate5 Staff. This benefit to staff is incidental as their employment is essential to carry out our charitable aim5. Financlal Revlew The statement of financial activities shows a surplus of £923,468 for the year compared with a deficit of 1£110,5941 for 2022123. Renew Counselling Ltd ha5 been particularly fortunate in 202212023 to receive a number of generous donations and legacies which have contributed both to supporting work with those that cannot afford to pay the full cost of counselling. Income generated The income received bythe charity in the year is broken down as follows.. Contributions received from clients.. Donations from supporter5 and legacie5 Investment income (including rental income): Grants. Training and Service Level Agreements: £ 463,517 £ 29,536 £ 238,776 £ 213,958 Renew Counselling Ltd is indebted to the generosity of the numerous individuals, churches, cornmunity groups, grant making trusts, companie5. and statutory commissioners for the continuing support of its work. In particular we would like to thank our anonymous SUPPOrters and the following: li
RENEW COUNSELLING LTD REPORT OF THE COUNCIL Icontlnued) FOR THE YEAR ENDED 31 MARCH 2023 Income generated 202212023 Trust5 & Foundations The SMB Charitable Trust Ebenezer Trust LCVS Widford Lodge School Essex Community Foundation Stotutory Mid Essex CCG Basildon and Brenood CCG Essex County Councll Fundralslng approach and performance The charity undertakes fundraising activity to its supporters via direct mailing or three times each year in line with the Fundraising Code of Pracrice set by Fundraising Regulator. Our fundraislng promise is: Whenyou supportyou con be sure of thefollowlng.. We will never sellyour contatt details to uryone We will only contartyou ifyou hove expressed on interest in our work Ifyou 05k us to chonge how we communicote withyou, or stop, we will respett tht7t We try hord to ensure no one everfeels pressuri5ed to support our work Our overall fundraising was more focussed this year, in light of the pandemic. we were fortunate to receive support from Essex Community Foundation, who supported us with applications to their fund partners. No complaints were received by the charity or a person acting on its behalf on attivities by the charty or by a person on behalf of the charlty for the purpose of fundraising. Key Management Remuneratlon The trustees consider the senior management team, consisting of the Chief Executive. Coun5elling Managers, Senior Offices Manager and Pathway Leader ITraining). comprise the key managernent personnel of the charity of directing and controlling, running and operating the Charity on a day to day basis. All trustees give their time freely and no director received remuneration in the year. The pay of all Staff is reviewed annually and normally increased in accordance with average earnings to reflett a cost of living adjustment. The total emoluments of the Senior ManagementTeam a £161.260. (2022.. £176,142}. 12
RENEW COUNSELLING LTD REPORT OF THE COUNCIL (Continued) FOR THE YEAR ENDED 31 MARCH 2023 Investment policy and objectlves Renew Counselling Ltd holds funds in investrnent propety and stocks and share5 as a result of endowments made to the charity over its long history. The endowmentfund is utilised to generate much needed income to enable the charity to extend its services to those who cannot afford to meet the full Cost of counselling. Our investment managers are instrurted to maximlse income while safeguarding the value of the assets under management and to invest only in those holdings, which are compatible wlth our social and ethical 5tandpoiNt. Investments performonce against objectives - Renew Counselling Ltd derives investment income from a portfolio of equities 3nd bonds managed by investment managers Idetailed on page 21 and rents from freehold property in Plaistow E13 and Chelmsford, Essex. Fund Accountlng and Reserves Pollry Funds which are represented bythe legacy of property overthe long history ofthe charity are accounted for In the expendable endowment fund. The charity depends upon the income generated by its expendable endowment to fund the provision of counselling to those in need who are unable to contribute to meeting the full cost and without this income Renew Counselling Ltd would not be able to carry out its current charitable activities. In accordance with Accounting and Reporting by Charities Statement of Recommended Practice Irevisedl the endowment fund is excluded from the reserves of Renew Coun5elling Ltd. It remains the policy of Renew Counselllng Ltd that free reserves li.e. funds not committed or invested in fixed assets) should be at a level of between three to six months expenditure, which equates to between £253,541 and £507,083. At this level, current activities could be continued in the short terrn in the event of a significant drop in funding. In such circumstances there would be an urgent need to consider how the funding could be replaced andlor the activities changed. At present the surplus of free reservès, stands at £121,04212022: £153.8801. The free reserves have decreased and are below the minimum target set bytrustees. However, the Charity has a cash investmentwithin the expendable endowmenL and the trustees have agreed to call upon the cash balance, or sell the Charity's investment property, if required to alleviate any operatSonal or cash flow issues that arise. The Charity 15 a150 working to increase income through its training, schools and contract streams. Future Strategy To develop our work with eating disordered clients To develop our family liaison work To increase the number of students on our training course5 To ensLtre the sustainability and further developrnent of the charity through developing our fundraislng and communications strategy 13
RENEW COUNSELLING LTD REPORT OFTHE COUNCIL (continued) FOR THE YEAR ENDED 31 MARCH 2023 Trustees. Responslbllltles Statement The trustees (who are also directors of Renew Counselllng Ltd for the purposes of company lawl are responsible for preparing the Report of the Council and the financial statements in accordance with appllcable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for that period. In preparing these financial statements. the trustees are requlred to.. Select suitable accountlng policies and then apply them conslstently: Obserne the Methods and principles in the Charities SORP,. Makejudgements and estimates that are reasonable and prudent.. State whether applicable UK Accounting standards have been followed. subject to any rnaterial departures disclosed and explained in the financial statements; Prepare the financial statements on the going concern basis unless It is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for maintaining proper accounting records that disclose with reasonable accuracy at any time the financial position of the ch43ritable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. En so far as we are aware: There 15 no relevant audit inforrnation of which the charitable company's auditor is unaware: and The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. Auditors The annual general meeting confirmed the oppointment of haysmacintyre as auditors. This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities IFRS 102) (Second edition effective 15tJanuary2019- (Charities SORP IFRS 102)} The Trustees have prepared this report in accordance with the special provisions of Part vtI of the Companie5 Act 2)6 relating to small companies. Approved by the Coun f Renew Counselling Ltd on 01 1120z3 and signed on its behalf by: Tim Rose (Chalrmanl 14
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF RENEW COUNSELLING LTD LTD LIMITED Independent auditor's report to the members of Renew Counselling Ltd Opinlon We have audit the flnanclal statements of Renew Counsellin9 Ltd forthe year ended 31 March 2023which comprise the Statement of Financial Activities, the Balance Sheet and the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting frarnework that has been applied in their preparation is appllcable law and United Kingdom Accounting Standards, Including Financial Reporting Standard 702 The Financia5 Reporting Standard appliG3ble in the UK and Republlc of Ireland (United Kingdom Generally Accepted Accounting Practicel. In our opinlon. the financial ststements.. give a true and fairvie¥¥ of the state of the charltable company's affalrs as at31 March 2023 and of the charltable company's net movement in fund5. including the income and expendbture, for the year then ended.. have been properly prepared in accordance th Unlted Kingdom Generally Accepted Accounting Prattlce.. and have been prepared in accordance with the requirement5 of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with Intèrnational 5taAdards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the fi'nancial Statements section of our report. We are independent of the charity In accordance with the ethical requirements that are relevant to our audit of the flnancial statements In the UK, including the FRC'S Ethical Standard. and we have fulfilled our othèr Èthical responslbilities in accordance with these requirements. We belleve that the audit evidence we have obtained 15 sufficient and appropriate to provide a basis for our opinion. Conclusl¢)ns relating to going concern In aucliting the financial statements. we have concluded that the trustees, use of the going concern basls of accounting in the preparation of the financial statements is approprlate. Based on the work we have performed, we have not identified any material uncertalntie5 relating to event5 or conditlonsthaL Indlvldually or collectively. may cast slgnificant doubt on the charitable company's abilltyto continue as a going concem for a period of at least 1ve months from when the financial ststements are 8uthori5ed for Issue. Our respon51bllities and the responslbllities of the trustees with respect to going concem are described in the relevant se(tion5 of this report. Other Informatlon The trustees are responsible for the other Infomiation. The other information comprises the information Included In the Report of the Council. Our opinion on the financial statements does not cover the other Information and, except to the extent otherwise explicitly stated in our report, we do not express any forrn of assurance conclusion thereon. Jn connection with our audit of the financial statements, our responsibility is to read the other Informatlon and, In oing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materialty misstated. If we identify such material inconsistencies or apparent material mlsststements, we are requbred to determine whether there Is a material misstatement in the financlal statements or a material mi55tatement of the other information. If. based on the work we have perfomied. we conclude that there is a material misstatement of this other information, we are required to report that fart. We have nothing to report in this regard. 15
INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS AND TRUSTEES OF RENEW COUNSELUNG UMITED (Continued) Oplnlons on other matters prescribed by the Companie5 Act 2(X)6 In our opinion, based on the work undertaken in the course of the audit- the informotlon given in the Report of the Council Iwhich includes the dlrectors. report prepared for the purposes of company lawl for thefinancial year forwhich the financial statements are prepared is consistent with the financial statements,. and the dire(tor5' report included within the Report of the Council have been prepared In accordance with applicable legal requirements. Matters <>n whlch we are requlred to report by exceptlon In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit we have not identified material misstatements In the Report of the Councll Iwhlch incorporates the directors. report). We have nothing to report in respect of the following matters in relation to whlch the Companie5 Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept by the charitsble cornpany.. or the charr(able companyflnancial statements are not in agreement with the accounting records and returns: or certain disclosures of trustees, remuneration specifled by law are not made- or we have not recelved all the Information and explanatlon5 we require for our audlL' or the tru5tee5 were not entitled to prepare the financial statements In accordance with the small companles. regime and take advantage of the small companies, exemptions in preparing the tru5tees' report and from the requirement to preparè a strateglc report Responsibilities of trustees for the flnanclal statement5 As explained more fully in the trustees, responsibilrties statement set out on page 14 the trustees Iwho are also the directors of thè charitable company for the pvrposes of company lawl are responsible for the preparation of the financial 5tatement5 and for being 5at15fied that they give a true an(1 fair view. and for suth internal control as the trustee5 determine is r)ecessary to enable the preparation of financlal statements that are free from materlal misstatement, whether due to fraud or error. IN preparing the financial Statements, the trustees are responsible for assessing the charltable company's abllity to continue a5 a going concern, disclosing, as applicable, maiters related to golng concern and using the going concem basis of accounting unless the trustees either intend to Ilquidaie the charitable company or to cease operations, or have no realistic alternativè but to do so. Auditor's responsibilities for the audlt of the Ilnanclal statements Our objectives are to obtain reasonable assurance about whether the financlal statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable a55urance 15 a high level of assurance but is not a guarantee that an audlt conducted in accordance with ISA5 IUKI will always detect a material misstatement when li exists. Misstatements can arise from fraud or error and are considered material if. indimdually or in the aggregate, they could reasonabty be expected to influence the economlc declsions of users taken on the basls of these financial statements. Irregularities, including fraud, are instances of non-compliance wlth laws and regulatlons. We design procedures in line with our responsibilities. outlined èboye, to detert matèrial misstatements in respect of irregularities, including fraud. The extent to whlch our procedures are capable of detectlng irregularities. including fraud is detailed below.. Based on our understanding of the charitable company and the envlronment in which it operates. we identified that the principal rSsk5 Qf non-compliance with laws and regulatlons related to the regulatory requirements of the Charity Commlssion. and we considered the extent to which llon-compllance mlght have a material effect on the financial statements. We also considered those law5 and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, the Charities Act 2011. payroll tax and sales tax. 16
ENDEPENDENT AUDITOR'S REPORT TO THE MEMBER5 AND TRUSTEES OF RENEW COUNSELUNG LIMITED (Continued) We evaluaied management's Incentives and opportunltles for fraudulent manipulatbon of the financlal statements Ilncluding the risk of override of controls). and determined that the principal risk5 were related to the posting of inappropriate journal entries and the recognition of income at the year-end. Audit procedures performed by the engagement team included.. Inspecting correspondence wlth gulatorS and tax authorrtie5,' Dlscussions with management including consideration of known or suspecred Instances of non-compliance with law5 and regulation and fraud., Evaluating management's controls designed to prevent and detect Irregularitie* Reviewing minutes of Trustees meetings during the year.. Identifying and testing journals, in particularjournal entries posted around the year-end,. and Challenging assumptions and judgements made by management In thelr critical accounting estlmate5. Because of the Inherent limitations of an audit, there is a risk that we will not detett all irregularities. includir¥J those leading to a material mi5Statement in the financial statements or non-compliance with regulation. Thi5 risk increase5 the more that complSance with a law or regltlation Ss removed from the events and transactions reflected In the financial statements. as we will be less likelyto become aware of instances ol non-compllance. The risk Is also greater regarding irregularltles occurring due to fraud rather than error. as fraud involves inientlonal conceolmen( forgery, collusion, omission or misrepresentation. A fLtrther description of our responsibilities for the audit of the financial statements Is located on the Finantial Reportlng Council'5 website at.. www fr torsres onsibilities. This description fomis part of our auditor's report. Use of our report This report is made solely to the charitable company's members, as a body, Sn accordance with Chapter 3 of Part 16 of the Companies Art 2006. Our audit work has bèen undertaken s¢ that we might state to the charitable company's members those matters we are required to State to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibllity to anyone other than the charitable compary and the charitable company's members, as a body. for our audit work, for this report. or for the opinion5 we have formed. Lee Stokes Senlor Statutory Autlltorl For and on behalf of Hay5macintyre LLP. StatOry Audltor Date-. 8 December 2023 10 Queen stet Place London EC4R 1AG 17
RENEW COUNSELLING LTD Stst•mont of Flnanclal Advltl•s orthe ar ended 31st March 2023 ExpDndabl• Unre4rf¢tsd Endowment 2023 T¢)tal 2022 Total INCOME ON.. D(malions and le918$ In¥estment Income 29,536 238,776 29.536 238.776 16,07T 238,608 Charltable actlvlttes Grants, trainiro & s6nice Iwel agreeMts Fees recellod 213,958 463.517 213.958 463,517 223.305 438,291 Tolal Income 945,787 945.787 916,281 EXPENDITURE FROM: C¢)# of g•nerattng fvnd6 CA)Sts of gan8rating lUntary inc(xne Chorltstle 4¢tlv5110$ CA)unsellirwJ s¢r%ic85 EduGation 4rLd training {23,41M) 13,TT61 127.1801 131,375) 1742.5681 1244.4171 1742.5681 12H4171 171e,686) 1280,402) Totsl expendIrt N•t •xponditurn {fj4602 68.378 1 1112.1821 Net •XP8ndllure bèfarè othgr r•cognid gain4lowes 164,6021 {3,7T61 168,3781 112.182) Othgr ro¢ognls¢d galn$ Ilows Gainlllos$l on ywgluation I disposal of IntMentS Re81ised Gainlllos51 993,000 {1,1541 993,000 11,1541 1,586 Net movement In lunds {64,6021 988.070 923.46B 110,594) Tran4ers between funds brought fd 219.930 4,762.765 4,982,695 5,093,289 Funds caThled fotrward 155,328 5,750,835 5,906,163 4,982,695 All irorne and expwditure darfw from conlinuiNJ actimtios. Thtr charity has neitherop8ration5 nor discontinued any of Its commenced rw ones in year. No separate i>xom$ and exFndtur8 account 85 f8qLrired under t1 Cornpanies Act 2006 has been pTesgnted. the net moKemrt in lunds excluding Iho andmnt furK15 d8fi¢it1£68.378112022'.1£112.1821, as deffined unthr Ihe CompleS Act. &e realised and thg inwstmènt manag8m8nt fp85 £377612ff22: £5.363}. The nolgs on pa 22 10 34 fomi w intgJrd pat ollhese Financ181 Ststements. 18
RENEW COUNSELLING LTD Company Number- 04099810 8alan¢• Shè•t As at 31st March 2023 2023 2022 Fixod awts TangltAe ffixed ass815 In¥estment propertles InStmentS at market value 1,627,213 4.125.000 16.454 &768.667 1.661,597 3,132,0 17.609 4,811,2 Current ats Debtors Cash 99,263 263,854 363.117 113,193 359,759 472.952 10 Current liabilities cditOrS 11 189,973 (260.2591 Net current assets 171144 212,693 Lon term Ilabllltl•s Bank loan 11 135,6481 {41.204) Net ass•ts 5,906,163 4.982,695 Funds Expendablè End0onI Funds Unreslricled Funds (Gera1) Totsl Funds 12 12 5,750,835 155.328 5.906.163 4.762.765 219,930 4.982,695 01 12 2023 Approd on behalf ofthelrustees on................................. Treasurer J Rassell ChaiThnan T Rose Th8 finan¢ial statomgnls ha been preparod in accordance with the special proMsions Telaling to companie5 Subject to th& sm811 companies regime wlhin Part 15 of the Companies Act 2006 The not¥s on pagos 22 to 34 fomi an intogral part vf the¥e Financial Statements. 19
R•n•w Coun8elllng Ltd and the forthe year ended 31 March 2023 Con8olldated Ststemont of Cash Flow8 2023 2022 Cath flows from oporatlng actlvltl•$ {93,281) 1138,1361 Cash flows from Inv•stlng activltl•s Dllddends arKJ interest Purchase of property, plant and equipment Sale of property 71 (2,695) 68 1584) Net Cash provided byl(used in) investing activltles 12,624 15161 Chang• In cash and cath oqulvalents in the reporting perlod Cath and cath equivalents at the beginning olth* roportlng peri¢)d Cath and cath equival•ntsat th• ond of the rgportlng pgrlod {95,905) (138.652} 359.759 498.411 263,854 359,759 NOTES TO ThE CASH FLOW STATEME 2023 2022 ROncIlIation of Net expenditure to Net Cash Flow from Operatlng Acllvltlos Nel expenditure for the reporting period Depreciation chaiges Interest and Diiidends Dexrease in debtors (Decreaseyincrease in cr&Jllors 168,3791 {112.182) 37,081 37,585 {711 168) 13,930 19,765 175,8421 (83,236) 11 Net cash provlded byl (used in) opgrating activiti•s {93,2811 {138. 136) Anal$ of Cash and Cath Equival•nts 2023 2022 Cash at bank and in hand 10 263,854 359.759 263,854 359.759 Th8 notes on pages 22 to 36 fom an integral part of these Flnanclal Statements. 20
Renew Coungelllng Ltd and the lor the ar ended 31 Mar¢h 2023 Con8olldat•d Ststsment of Cash Flows 2023 2022 Cath flow$from operatlng acllvities 193.281} I138.1) Cath Ilow$ from Investlng acllvitie$ Dilidends and Interest Purchase of prop*ty. plant and equlpmenl Sale of prr4)erty 71 12.695) 68 1584} Not cath provlded byl{usfjd Inl InVeng actlvltl•s 12.624} 15161 Change in Cash and cash equivalents in tho reporting period Cash and Cash aqulvalents at th• beglnnlng of the roportlng perlod Ca8h and Gash equlvalgnts at tho ond of tho reportlng perlod 195,9051 359.759 263,854 (138,6521 498,411 359.759 NOTES TO THE CASH FLOW STATEMENr 2023 2022 Reconcillatlon ol Net expendltur• to Not C•sh Flow Irom Operatlng Actlvltle8 Net expenditure for the reporting period DePlatiOn charges Interest and Diiidends Decrease in debtors {Decreaseyinerease in creditors 168.379) (112,1821 37,081 37,585 171) {681 13.930 19.765 175,842) 183,2361 11 Net Cath provided byl lu#ed inl operating activities 193,2811 1138,1361 Analysis¢f Cash and Cash Equival•nts 2023 2022 Cash at bank arKI in hand 10 263,854 359,759 263,854 359,759 The notes on pages 22 to 34 fom an integral part of these Financial Sialements. 21
RENEW COUNSELLING LTD Notes to tho accounts ear ond•d 31st March 2023 For the 1. AcCOUTr1NG POLICIES Tha pri1p4 a¢coyntlng pcAlcles &lopted, judgements 8nd key sources of estimation uncertainty in the Preparation of the )Inancial stslements are as fDIIows'. Ba# of preparation Thè fin8ncl81 statements h&e been prepared in 8ccord8nce wth Accountiro and Reporting by Charities.. Statement of R0MMended Prdctice applicable lo charitie5 prepariThJ their accounts in accordance with the Financial Reportiro Slandwd aPIcable in the UK and Republlc of Ireland {FRS 1021 ICharitl8s SORP IFRS 10211 Second Edition 2019, the Flnanclal ReportlrKJ Standar(l applicable in the UK and RepubllG of Ireland {FRS 1021 and the Companies Act 21JO6. The Charily meels Ihe definition of a PLknlic beneft èntity under FRS 102. A$sel$ ar liabilities are inlllally r8cognis8d al historical cost or tranSlI0n vaue unless OtheSe staled in the rdthnl accounting poliGy nole(sl. Preparallon of accounts on a golng concom baslB Iruslees consider ther8 are no malerfal uncertainties. The reblew of our financial position, resers lels arxl future plans gi3 Trustees confKJence the charity remalns a golng concem br the foreSeeae fijlurè. li} Incorne recognltlon Income comprises donations, includirvJ under Gift Aid, grdnls, g0Mment grants, legacies, fees reCd from counselliro and Iraining, and investment and rental income from ern1owed fijnds. Donations, le9aGies and grants are reGognised when ceIptS is probable, can be measured 8ccwalely arKI Ial enlitited lo the incorne. All other income is credited to the statement of financial actimties on an accruals basls. In addlllon, Renew Councelling receivBS help and support in the fomi of lUntary assistance and donalions of goods. Ow¢ng to the difficulty olyalulng thSs help and support. such Items are not included in the ffinancial slat8ments. lill Expendlturn All exporKlilure is includad (x) the statement of financial actl%4iles on an aGcruals basls ond is reCJi5ed when there Is a legal or constructi%e obligation to pay for expenditure. All costs hav& allocated befv4een Ihe expenditure categories of the Stglemenl of Fin8nci81 Actiiitits on a bas1$ designed to reflèct the us& of the resourco. Costs [StIng to a particul8f acti%ily are allocated dlrectly. others are apportIonl on an apprOal8 Cost of generatirrfJ funds includes the cosls associated wllh atlracllng soluntary and Inlment income. Charitable expenditure comprises those costs incuttad by th8 ¢harlty in the daliry of couns8lliro s%icgs to ils beClarieS, 8nd e(luc8lion and training actimlies. Gownance cosls include those costs asscciated with meeting the constitullonal and statLrtory irements and those linked vJith the strategic management of the ¢h8rfty. GhilY 15 Thjt rpgistered kn VAT and accordingly expenditure is shown gross of irreCoab1e VAT. liiil FlxÈd •*ts Ff¥elK)Id and leaselK)Id protxrty are included in the balance sheet at cost. Freekld and leaseh)Id property is depreciaied ovar 25 years Expenditure on IT equipment is included in the balance sheet at cost EXpdit[Sr• on other ffixod assets 1$ witlen off to the Statement of ffinancial actiiqlies in the year of ocwisilion. 22
RENEW COUNSELLING LTD Notos to the Ac¢ounts Contlnued For th8 ar onded 31st Mar¢h 2023 (IW Depre¢latlon Depr&iation is chargèd on freehold property excludir@ la to wile off Ihe cost of buildings 04er YJ years. Depreciation is charged on leasehold improKeTnents to deprlate the cost ow the lemi of the lease. Depreciallon is charged on rr equipment to write off the cost three years. Invements Listed IntMentS are included on the balance sheet al marf(et lue al the balarrE sheet date. Gains and losses on reIallOn and on the sale of listed instments are included on the statement of fincial actiiilies. Ng unlisted irNeslmenls are ld. Inlment property is initially measured al cost, incluthng rolaled 1rar8ctb( costs. incI1ng related IraF)S8clion costs. After ini1181 recognition, InStMent property is carried at frair Wdlue detemiined annually either by external luer$ or by the trustees and deThied from the current market rents and in*stment property yields for comparable real estate and adjust8d if ne$S8ry for Y difference in the nature, location or condition of the specific asset. No dèpreciation is promded. Changes in fair 18 are regnISe¢l in the Statement of Financial Actiiities. (li) Fund Accounting FuS h8ld by the charity are eith8r'. Unrestricted general fvnds leh can be used in accordance 9th Renew C(xJnselling's objects at the discretion of the Iruslees. Restricted n5 that can be used only for cert8in reslricled wrposes wthin Renew Counselling's obltS. Expendable EndovKnenl Funds vthich represent those assets th8t ha¥e been endowecl to the Charlty ¥thi¢h we held to generate income lo support the 0ratIng cost5 of Renew Councelling. Charity would not be able to carry out its Guent charitable aclimties wthout the luae ¢(lbuttOn of the inlment Iorne generated from the expendable endownent. Flnanelal Inthments The charity only has financial assets and ffinancial Ilabllities of a klnd that oualfy a5 basic financial instruments. Basic financial inslnJm8nts. including trade other debtors and creditors are initially accoted for at their transaction price. Operating leas•s Renia charges are charged on a straight line basis oNer the1Sfg of the lease. Funds Unreslricled funds are donations and other income receivable or generated for the objects of the charity. Designaied fijnds 3re unrestricted ndS eamiark8d ty the Injslees for particular purposes. Reslricled fijnds are those fijnds lch a to be used in accordance wth specific inslnjctions imposed by the donor or Imst deed. 23
Renew Counsellin Ltd Nots$ to th¢ A¢¢ounts
ntinugd For the ar ended 31st March 2023 Employee ben•fits Short terni beneflts Short temi benefits includiThJ holiday pay are recognis8d as 8n eXnSe in the period in vthich the senice is receiwj Employ90 tomilnatlon bemflts Temiination trefitS are accounted for on an accrual basis and in lir wlh FRS 102. P•nlon xheme RerEw Counselling operates a defined contribution pnsion scheme for th8 benefit of ils employ. The assets of the scheme are held indepèndently from those of Renew in an independently ministered n. The pensions costs charged in the financial statements represent Ihe contributions payable during the year. Legal stslu8 Renew Counselling is a ccnpany limited by guarydnlee registered in England and Wales registTrli number 04099810 and has Th) shaTe capital. In the enl of the charity bn9 wouThl up. the liability in respect of the guarantee is limited lo £1 Ftr member of the charity. E8tlmat•s and Judg•m•nts Estimates and judgements are continually e%elu8ted and 8re based on historical experienGe and other factors, including expectations of frrture enls that are belie%ed to be reasonable under the circumsknces. Alihough thes8 8slirnat8s arg based on the Irustegs. test klodge of the amount, ents or actions actual results ultimatdy differ from these eslimales. The instment property has been Keluse basis a recent sale of one of properties and the other Iw) ued a desktop basis 24
Renew Counwjllin Ltd Notas to the Accounts onllnued For the
r ènd•d 31st Mah 2023
- INCOME ON: Unreslricle(J 2022 Total Totsl courell1rs Actiiilies HMRC Job Retentw)n Scheme 44,035 44,035 39,165 44,035 44.035 39.165 Educatlon & Traini Anglia FlJ5kin Uniw5ity 169,923 169.923 184.140 Fee Income 463.517 463,5 463,517 463,517 438,291 438,291
- Inve*ient Income 2023 222 R&)t recei4eble thm'dend income 22&705 71 238,540 68 EXPENDITURE FRObl: 2023 2iY22 Total Total CoBls dlr•cYy alloeatsd th ac11•$ Slaff costs & fees Communi¢aliork8 Re¢Tuiiment Volunteer ExpenBg5 Audit F8&s Eirect LJ"rect Direct tlirpcl Cirect 4.183 4.313 495,169 165.876 82.214 747,442 4,313 4.040 1.193 15.fjQO
- 1 4.039 1.793 216 146 2,256 1.193 15.eijo Support cos allocated to acllvlU•s Admin15tratlon c05t5 Premises costs Legal & Professlonal tW8oi8tion Bank Charges GI)wnae Recharg Staff tlrn8 10.183 3.776 Usagè Usag Usage 17.680 20,540 44.782 10,932 5,063 37,080 3,690 217 136,147 44.813 1185,2511 76.288 10.9Y2 12&467 66.626 &063 37.080 4341 134.003 88,825 675 37.585 1.828 4.291 Total expenditure 23,404 3,776 742,568 244,417 1.014165 1,028,463 Resources eXpeilure are dlrectly allocated to the act1I4ties to which tlw relat8 vJher8 sible rath8r than on 8 rntiornal percentag8 basis as in premous years. Adminislration Costs and Premlses costs habe b app)rtiongJ to the usage. Legal & Professlonal fees are 8ccordin9 to the wN)unled charyed. D8Pt8ciation relates wholty to buildings occupied lor Ci>urtselling seThices. Bank Chges ha* been apFrt)rtion&J as a pgrcentage of th6 lotsl cost.
Renew Counsellln Ltd Notes to the Accounts Contlnued For the ar ended 31st March 2023 EXPENDITURE FROM: 2022 Totsl Co*8 dirocdy Ilocatsd to adlvltles Staff costs & lees Communicali¢)n$ Recruilmenl Volunlegr Expenses Audrt Fees Direct Dir8¢1 Direct Direct Direct 4.102 3.755 476,245 182,532 283 448 81,221 744.100 4.038 1,793 216 15.600 1,345 216 15,600 Support cort8 allocated to activiti88 Administration costs Premises costs LjaI & Professional Depreciation Bank Chargas 13)wnance Recharged Staff lime 13,098 5.363 Usage U$age Usage 20.326 22.515 44,455 22.085 677 37,583 72,701 Z2.085 134.003 88,625 37,583 1.828 183 4,874 91 134,285 52,539 1191.698) Total exwnditure 26.012 5.363 716.686 280.402 1.028.463 26
RENEW COUNSELLING LTD Notss to the Accounts Contlnued Forthè ar ended 31st March 2023 S. Nèt Incomo for the Year 2023 2022 This is slated after charging.. D8preciation Auditors. remuneration 37,079 15,600 37,585 15.600 6. Tanglble flx•d as8•ts Freehold Lea*hold Pmpwty Property Equlpmenl Sadlers Bodèy House Hou Ch¢lmsford Bawldon Total C08t or Valuation As at March 2022 1,768.0 83,976 87,940 1,939.916 Additions 2,695 2,695 As at March 2023 DoprgGlatlon As at March 2022 117.867 82.147 78.305 278,319 Charge for year 29,467 1,829 5.783 37,079 As at March 2023 Not Book Valugs As at March 2022 1,,133 1.829 9.635 1.661.598 As at March 2023 1,620,668 6,547 1,627,213 27
RENEW COUNSELLING LTD Noto8 to the A¢¢¢unts Contlnued For the ear ended 31st IAarch 2023 7. Inwth•nt Propèrtiè3 Commerclal Residential Proporty Property Totsl C¢)st or Valuatlon As at March 2022 ReluatIon 2.533.000 867,000 39.000 126,000 3, 132.000 993.000 As at March 2023 3,400.000 725,000 4.125.000 ReluatIOn As at March 2023 Net BLK)k Values As at March 2022 2.533.000 599,000 3,132,000 As at Pllarch 2023 3,400.000 72SOOO 4,125,000 28
RENEW COUMSELLING LTD Notesto th• Accounts Continuèd For thè •r •ndd 31 March 2023 . Involtrnents IDv•stm•nts Invesknents •t markèt at market value value 2022 2023 At 31 March 2022 I gain Ik)ssl s818 Meluatlon 17.609 11.155) 16,021 At 31 March 2023 16.454 17.609 Invgth•ntsai mart£¢tvalue ¢¢mprfg9: Sustalnable Wcdd TNst 16,454 16.021 16.454 16.021 9. D•btor8 2023 2022 Debtor5 arisiro fTDm OFerating actiNities Other debtors Prepayments ar Sncom8 90,328 8,339 8,2[ 8,935 Tolal 99,263 113,193 10. Cath al bank and In hand 2023 2022 Cash at bank and in haThJ 3.854 359.759 Total 263,854 359.759 11. Cr•ditorw. arnountsfalling due within <)ne ye•r 2023 2022 cdItorS arfslng from 01ng &ti%it1•5 Oiher crèrjitor Bank 108n CXh8rtaxalion and social secuiily Deferred income Isee Below ACcnlS 14.912 5,796 5,556 10,226 131,158 22.f2S 22.938 5,630 4,504 10.749 188.621 27.817 189.973 260.259 Bank I is ther 10 years intet rate of 2.5%, and thg repAyment dale 1$ 241(W2030, %%¥ch is paid In nN)nthly instrlments. Tts g0WnI arSe$ 1th olthe108n CmditoY% amounts falling du• #ft•r one year 2023 2022 loan 41,204 2023 2W22 Bal¥rKe fward Arnount rdeased to inccffle Amount deferred in the ye BalaKe canled fm 188,621 1188,621) 131.158 131,158 252,461 1252,461) 188.621 188.621 29
Renew Coungellln Ltd Notesto the Accounts Continu•d ortho ar ended 31gt March 2023 12. Ana1¥f Fund8 Al 31 March 2022 At 31 March Incoming Expendlture Trons Unw•l¢tsd Funds Indudlng d•61gnat•d fund$ CSell1rrfJ S8NC&S 1988,206) Net sales & purchases of inlmonts 1,018,946 RalutIon G8in 202.000 Ailustment fr)r InKE8tment PrDpgrti8s 112.810} 945,787 11,010,389) 11,052,808) 1.018,946 202,OC 112.8101 Totsl UnrÈieted Fund8 219,930 945,787 11.010.389) 151328 Exp•nd•bl• Endowment Net $8le$ & purchases of InlMlS Net gain on the and rebpluation of.. InStmt$ 3.541.489 I449.0} 13.7761 3,537,713 {449.9rM)I 2.008.876 2,008.876 434 {1.1541 Other Trdn$fe Adlustmont S)r Inwstmert Proporties 1339.2881 651712 UnTe6trlGtsd expend1re ,77 50, Totsl Funds Funds held und9r Expendabl8 En{1 comprise of fixed assets and Inwtments. Analysd Net A*¥ots b•tsYeen Funds Unrestricted Funds Resliict FuS Expendable En(knent Total Furd balartes as at 31st March 20rJ 8re r8pr8seTht by.. Fixgj Ass8t8 rfenl Assets Qjrrent Liablitle5 Lia)ilitl8S 8risirwJ after 1 ye 34,286 5,734.381 16,454 5.768,667 363,117 1189.9731 135,6481 5.906.163 1189,9731 135,6481 155,328 5.750.835 30
Renew Counsellln Notes to the Accounts Conllnued For thg r ended 31st March 2023 12. Analy•$ of Funds At 31 March 2021 Al 31 March 2022 Incomiro Expenditure Trark8fer5 Unr•thctsd Fund8 Indudlng de8tgnaied h•nds CounselllrMJ SeNces 1881.38n Net sales & purchases of Intmt$ 1,018,946 Rwelution Gain 202,C(K) Adjustment for Itment PrDpwti85 112,8101 916,281 11,02&1WI I988,2() 1.018,946 202.oc#J 112,8101 Totsl unicted Funds 326.749 916.281 1,021100 219,930 Exp•ndabl• Endowm•nt Nel sales & purch858s ol InvastrnlS Nel gain on the sale revaluatton ot. instmentS Oth8r Twsfers Adjustment for InlMernt PtDperties 3,546,852 {449,) 15.3631 3.541,489 1449,9(K¥l 2,008,876 2,010.464 1339.2861 1&39.2881 Totsl Expendabl• Endowm•nt 4.766. Total Ftsnd6 1,028, Funds hdd under ExFendable Endowrnent comFfflse offix8d assets and inwstm8nts. Analygls of Net A*ets betreen Funds Lknreslricted Funds Restricted Fund5 Expendab58 Endomnent Total Fund b81ances as 81318t March 2022 are represent by.. Fixed Assets Curr8nt A55et5 CunEnt Liabilitie5 Li8bllSties aislng after 1 year 66,050 4.745.156 17,e 4,811.2( 472,952 1301,463} 1301.4631 219.930 4762,765 4.982,695 31
RENEW COUNSELLING LTD N¢t¢$ kn tho A¢Unts Conilnued he ar ended 318t March 2023 13. Transactlon$ wlth trusts98 and Mnnected person5 Trustees rec no remuneration and there no re1mbue1nenI of expenses 14. Indomnlty Irflurance The charity has a professlonal indemnlty pollcy for ils counselling acliiilies and charity indemnlty insuran¢e al annual premiums 01 £2.30012022: £2.8711. 15. Staff Costsand Numbtrrn Staff Costs were as follows.. 2023 2022 Salaries and wages Srtial seeurity costs Persion 672,758 38.111 65,613 776,482 688,408 39,246 67,987 795,641 The numb8r of employaeswhose omolumontsfor the year fell wSthln thè followlng bands were: 2023 Numbèr 2022 Number £60,W1470.000 or thls, 1 employee are accruing pension contributions lotslling £3,44312022.. 1 employee, accruing £3,31, The tot81 employee benefits ofthe key management peOnnel of Renew we £161.260 (2022.. £176.1421. The number of employegs durlng th8 year, calculated on the basls of full-time eqLIlent$, was as folltrNs'. 2023 2022 Chief Executi colSe111ng staff Edallon & Trainlng Fundraising Administrati( & Supp(Jrt 23 23 The aw4e number of aclual anployees (full-time, part-lime and sessional) was 7012022 691. Renew Counselling Ltd operates a Group PersrMal Pension scheme thrgh Aegon Scottish Equitable & Now Penslon. This is 8 salary sacrifice ?ngeMent, Ihe cost for the year wa5 £26.225 12022= £26,983}. 32
RENEW COUNSELLING LTD Notes to th• kcounts Contlnu•d For the ar ended 31st Mah 2023 16. Operating Lea8& Commitments At the year end, the company was committed lo make the followng payments in total in respt of Equipmont 2023 2022 Land and buildings 2023 2022 Income Lease$whi¢h expire: Within one year Within to years 214,000 Expondlture Lèa¥oswhich explr•: Within one year Within two to years 9.536 38,143 6,552 20.500 20,500 17. Related Party Transactlons A Truste8 donating £50 a month total amount £600 reCeId in th8 ygar12022.. £800). 33
RENEW COUNSELLING LTD Ststsmgnt of Flnandal Actl¥ltloS For tho In1 ratin an In¢ome and Ex ar onded 31st March 2022 enditurn Account 18. C¢mpar•tivo Conu>lidatod Ststsm¢nt of Financial Actlvltlos(2022): Expendable Unrestricted Endowmont 2022 Total INCOME ON: Donations and legacies inSImt Income 16.077 238.608 18,OTI 238,808 Charitablg adivitigs: Grants. training & seNGe lewl agreements Fees recled 223.305 438,291 223,305 438,291 Total IrKome 916.281 916,281 EXPENDITURE FROM: Cost of generating funds Costs of generating wluntary income Charltsble actlvltl88 Counselling seThices Education and training {26,012) (5,363} (31,3751 (716.6861 (280.4021 1716,6861 1280.4021 Tolal oxpenditure Net expenditure before other recognlsod galnsllow08 (106,819) (5,363) (112,182> Other retognid gains Ilows Gainlllossl on rlUatIOn I disposal of nlMentS Realis8d Gainlllossl UnrealiY Gal{10$$) 1.588 1.588 Not movoment in funds (106.819) (3.7751 (110.594} Tranthrs t00n fund8 Funds brght forward 326,749 4.766.540 5,093.289 Funds carrled forward 219,930 4762.765 4.982.695 34