31 RENEW COUNSELLING LTD (A COMPANY LIMITED BY GUARANTEE) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCII. 2024 NEW(IIE RENEW COUNSELLING LTD REFERENCE AND ADMINISTRATIVE INFORMATION INDEX Page REFERENCE AND ADMINISTRATIVE INFORMATION.............................................................................. REPORT OF THE COUNCIL................................................................................,.................,.,.,,.,,................... STRucfuRE & GOVERNANCE....,......... OB3Ecrs, AJM & MIssioN OF RENEW COUNSELLING LTD....... AcllvTfiESOF RENEwCOUNseLLING LTD.................................................................,..,.....,.,........................... AcrNrTh202412025 {ApRIL- MARCH)......................................... AIM OF RENEwCouNSELUNG LTO.,..,..,.......... STATEMENTON PUBUC BENEFrr...........................,...................................,.....,,................................................10 FINANaAL REVIEW.... FUTURE STR4TEGY...............,.,...............................,....,........................,..,..,.....,............,,.....,,,,......,,...,..............13 TRUSTEES, RESPONSIBILMES STATEMENT............ L4 INDEPENDENT AUDrroR'S REPORTTO THE MEMBERS AND TRUSTEES OF RENEW COUNSELLING LTD LIMITED ....................................................................................................................... 15 STATEMENT OF FINANCIALAcTI￿rIES.........................................................................................l8 (INCORPORATING AN INCOME & EXPENDITURE ACCOUNT) BALANCE SHEET....................................................................... ............................................. ........-19 CASH FLOW................... .20 NOTESTOTHEACCOUNT.................................................................. .21 RENEW COUNSELLING LTD REFERENCE AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 Patrons The Rt. Revd. Dr Gull Francis-Dehqani. Bishop of Chelmsford The Rt. Revd. Alan Williams, Bishop of Brentwood The Lord Petre Members of Council and Charity's Trustees Tim Rose- Chairman Jo Rassell - Treasurer Ruth O'Neill Matthew Cooper Deidra Armsby Emma Plunkett Revd Jane Richards, reslgned Seplgmber 24, Sandra Stockwell Will Steed, reslgn¢d Soptember 24. Key Staff Appointments Chief Executive and Company Secretary- Nikki Schuster Counselling Managers - Lisa Brown Counselling Manager £Schools Service) - Justlne Colley Programme Leader ITraining)- Karen Elott Senior Offices Manager - Emma Smlth Status Renew Counselling Ltd Is a company limlted by guarantee, company number 4099810, registered in England and a reglstered charlty, number 1084940. Reglstered and Princlpal Office Sadler5 House 2 Legg Street Chelmsford, Essex CM1 1AH Accountancy Consultant Paul Thompson F.C.C.A Thompson Accountancy Services Limited. Suite 9, Hadleigh Business Centre, 351 London Road, Hadleigh, Essex SS7 2BT Auditors Clemence Hoar Cummings 1-5 Como Street Romford RM7 7DN Bankers Barclays Bank plc, 75 High Street, Brentwood Solicitors Prettys, 1 Legg Street, Chelmsford, Essex CM11JS Investment Advisers koyal London Asset Management. 55 Gracechurch Street, London EC3V OUF RENEW COUNSELLING LTD REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 MARCH 2024 Structure & Governance Governing Document Renew Counselling Ltd is a company limited by guarantee and also a registered charity. Its governing document is the memorandum and artscles of association. The Directors of the Companyare the Trustees of the charity and are known as the Renew Counselling Ltd Council. Recruitment and Appointment of Tritstees 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 Members. vote at the Charity's Annual General Meeting. All Mernbers 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 process is in place to ensure Trustees understand the work of Renew Counselling Ltd and their responsibilities as Trustees. This involves: Understandlng the charfty's purposes. Reading our governing documents and galnlng an understandlng of the rules, meetin9 the trustees and finding out how we operate. Organlsatlonal Structure Renew Counselling Ltd Council meets four to six times a year. Councll Is responsible for governance and approves all the strategic and operational plans for Renew Counselling Ltd. There are trustees, ommlttees coverlng operatlons, finance Investments and fundraising. A Chlef Executlve Is appolnted by the Trustees to manage the day-to-day operations of the charity. Rlsk Management The Council of Renew Counselling Ltd, in consultation with the senior management team, has developed a process for regular review, assessment and management of risk within the organlsation: By anticipating future trends, opportunlties 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 represeniing 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 highlighting 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 uncertaintie5 identified bythe charity are a5 ft)Ilows'. Risk Identlfled Safeguarding matters Going concern Reduction in client and student numbers Action taken to mitigate the risk ularly u te wlicies and mandato annual trainin for all staff Diverse income streams and prudent investin of reserves.. Regular marketing of ser¥ice5 to maintaift client and student number5 The Reference and Adminisirative information set out on page 2 part of thts RporL The financlal statements comply with current statuttsry requirements, thè memorandtjm and artldes of association and the Statement of Recommended Prartice - Ac¢ouftting and Reporring by Chariiies Isecond Edirion 20191. RENEW COUNSELLING LTD REPORT OF THE COUNCIL (continued) FOR THE YEAR ENDED 31 MARCH 2024 Related Parties Renew Counselling Ltd works closely with a range of voluntary. statutory and community organisations in order to ensure a hlgh quality comprehensive service for our own clients and for the purposes of contrlbutlng to the planning and delivery of seFvlces for people within our communltles. Where posslble we contribute to consultations on the development of services through various local strategic planning structures. Objects. Aim & Mission of Renew Counselling Ltd The Objert of Renew Counselling 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 cornpany shall have power.. lal to provide high quallty, affordable, accessible and responslve counselling and psychotherapeutlc nterventions to anyone of school age and above and to couples in East London and Essex. Ib) to train counsellors to a hlgh standard Ic) to supervise and traln other professlonals who are engaged with emotlonal and mental health issues Id) to take over the assets, liabilities and general undertaklng of the West Ham Central Mission The Mlsslon of Renew Counselllftg Ltd Through a range of professional counselling and other support servi¢ÈS, we seek to enable people CO; Gain insight into, and understanding of, the issues in their lives Explore possibilities for change Develop their own choices and solutions Discover ways of getting 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 lives and contribute to the wider development of family, community and society for public benefit. RENEW COUNSELUNG LTD REPORT OF THE COUNCIL (continued} FOR THE YEAR ENDED 31 MARCH 2024 Our values We believe that: every human being is O unique O valuable destined to live fully- whateverthat might be Wewill- be non-judgemental - whatever the issue respett age, gender, ethnicty, sexual orlentation and faith provide the 'space' that counselling g5ves offer a response tailored to individual need We are committed to: honourlng the Chrlstlan faSth and vislon that founded our organisation working with other professionals through our training courses working wlthln the Brltlsh Assoclation of Counselling & Psychotherapy IBACP> Ethlcal Framework reflett these values in our structure, relationships and as an employer Activltles of Renew Counselllng Ltd In order to achieve the above aims Renew Counselling Ltd uses both strategic and operational planning processes, establishing priorities for development of the v￿rk. The primary objective is the delivery of accessible. professional counselling services for children, young people and adults. Renew Counselling Ltd also delivers professional training in counselling children and adolescents. Services are currently provided across Mid and South Essex and East London Boroughs in our own centres and in schools across the region. We provide professional training in counselling to HE Diploma and HE Degree level from our training suite in Chelmsford as an Academic Franchise partner of Anglia Ruskin University. RENEW COUNSELLING LTD REPORT OF THE COUNCIL {contlnued) FOR THE YEAR ENDED 31 MARCH 2024 The Role of Volunteers at Renew Coun5elling Ltd It is important to mention the significance and the added value of being a voluntary organi5ation and to recognise the huge contribution made by individuals in meeting our charitable aim. A number of people provide various professional and support acttvities to enable us to provide services for those in our local community. It is difficult to quantify this 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 immense value in terms of our capacity to make a differente in the community. Having a proportion of voluntary counsellors within the organisation is a way of meeting the Increased demand in services where funding is limited or the client's ability to contribute is restritted. Allied with a policy of offering placements for trainees across all areas of our work we have developed a more diverse staff group with the potential of developing personal and professional grO￿(h through these dlfferent roles and transition between them. The move away from purely paid counsellors Ss In accord wlth our status of charity and a Third Sector organisation. We are particularly indebted to the following groups who made a regular commltment throughout the year.. People who have provi(Sed administrative 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 term5 of delivering services to individuals I groups on a trainee or volunteer basi People who have given time and expertise through various advisory and planning committees, professional consultation5 and also organising activities. In addition Renew Counselling Ltd woukl like to acknowledge the voluntary contribution made by most of its paid staff members who demonstrate commitment and dedication to the service over and above contracted hours. RENEW COUNSELLThIG LTD REPORT OF THE COUNCIL (continued) FOR THE YEAR ENDED 31 MARCH 2024 ActlVity2023 12024 A total of 1106 clients were seen by Renewing Counselling over the year 202312024 450 400 350 300 367 342 250 200 150 loo 50 10. Adults Couples Children & Young School clients People 379 clients seen at Renew Counselling Sycamore Centre 296 clients seen at Renew Counselling Brldge Centre 67 Adults Youn8 People & Children Couples Adults Young Peoplo & Children Couples 86 clients seen at Renew Counselling Brentwood Centre Young People & Children Adults RENEW COUNSELLING LTD REPORT OF THE COUNCIL (cgntlnued) FOR THE YEAR ENDED 31 MARCH 2024 A total of 14,382 Counselling sessions were offered at Renew Counselling 2023-24 Schools Couples Young People & Children 43661 Adults 6153 iooo 2000 3000 4000 sooo 6000 7000 Adults Young People & Children * Couples Schools A total of 5870 Counselling sesslons were offered at Renew Counselling's Sycamore Centre in 2023- 2024 accros5 the following client groups: A total of 3863 Counselling sessions were offered at Renew Counselling's Bridge Centre in 2023- 2024 accross the following client groups,. 816 counselling sessions were a150 offered at our Brentwood Centre to Young people and children in 2023124 16 Adults Young People & Children Couples Adults Young People & Children Couples Number of students on Renew's Counselling Diploma (HE) Counselling - Children & Young Person for April 2023 Number of students enrolled at Renew Counselling Diploma (HE) Counselling - Children & Young Person in April 2024 20 15 15 io 13 io Year I Year 2 Year 3 Year4 Diploma Diploma Diploma Diplom Degree Year 1 Year 2 Year 3 Year4 Diploma Diploma Diploma Diploma De9ree RENEW COUNSELLING LTD REPORT OF THE COUNCIL (contlnued) FOR THE YEAR ENDED 31 MARCH 2024 Aim of Renew Coun$¢lling Ltd Our aim is to enable people to easilyaccess afft)rdable counselling. In order to do this we will.. Make information about our services easyto find bycontinuously updating the information on our web-site and by regularly mailing information about our Se￿iCeS to local health professionals. libraries, educational establishments, youth Se￿iceS, local churches and community centres Provide training and information sessions to local churches Maintain good relationships with other key stakeholders in the fleld of mental health Develop and expand our servlces where posslble In light of suggestions made by our exlstlng servlce users Contlnue to offer counselling at a range of community locatlons 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 disabilities - either in our premises or by hiring suitable alternative rooms if the degree of disability prohibits the use of our own Provide interpreters where the range of languages spoken by our own counsellor5 is insufficient - including BSL and ESL if necessary Ensure we seek funding to support those on I(￿-Income or benefit through the provision of funded counselling Continue to develop our training courses and obtain BACP accreditation for our Diploma Course RENEW COUNSELLING LTD REPORT OF THE COUNCIL (continued) FOR THE YEAR ENDED 31 MARCH 2024 Statement on Public Benefit The object, aim, mission, achievements and performance sections of this report clearly set out the activities which Renew Counselling Ltd undertakes for the public benefit. The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 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 observatlon on the key prlnclples of public benefit. Prlnclple 1: There must be identifiable beneflt or beneflts la Xt must be clear what the beneflts are: The clear benefits provlded by Renew Counselling Ltd are delivered through the servlce dellvery areas of coun5elling centres and assoclated projetts providing professlonal accredlted counselllng and training- initial and continuing professlonal development to those working with chlldren and young people which are described elsewhere In this report and reflected in the allocation of resources expended set out In the Statement of Financial Actlvltles. 1b The benefits must be related to the alms: Renew Counselllng Ltd alms to support people in East London and Essex who are experlenclng personal, emotional or mental health problems to overcome or respond more effectively to them. All benefits derived are consequential to this aim. 1c Benefits must be balanced agalnst any detrlment or harm: 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 activity, who are required to have regular clinical supervision and work to the British Association for Counselling and Psychotherapy (BACP) Ethical Framework forthe 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 policies, practices and struttures are such as to meet the standards set out in the Ethical Framework for Counselling Professions 2018. This ensures that client welfare and wellbeing are paramount. Risk is constantly reviewed in clinical supervision, risk registers are maintained vvithin Counselling centres and referrals made to statutory mental health services where necessary. Principle 2: Benefit must be to the public or a section of the public The beneficiaries must be appropriate to the alm: The beneficiaries are children, young people and adults living within East London and Essex. which directly accords with our object and aim. 10 2b Where the beneftt is to a section of the public, the opportunity to benefit must not be unreasonably restricted by geographical or other restrictions,. or by the ability to pay any fees charged: The reports from the Counselling Centres demonstrate that we are delivering services 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 ability to pay. basis, although the true cost of sessions is made clear. A minimum fee operates in order to ensure that clients properly 'own,' commit 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 counselling and therapy elsewhere are enabled to do so through Renew Counselling Ltd. 2¢ People in poverty must not be excluded from the opportunity to benefft: People in poverty are the reason for the Charity's existence as is set out in the object. As reported above many of our cllents are unable to acce55 professional accredited counselling and therapy elsewhere. 2d Any prlvate benefits must be incldental: In order to provide counselllng and therapy to a professlonal level and support the extenslve servlce that are dellvered, Renew Counselllng Ltd employs and remunerates staff. Thls benefit to staff is Incldental as their employment Is essential to carry out our charitable aims. Flnanclal Revlew The statement of flnancial activlties shows an operating deficlt of £24,992 for the year compared with a an operatlng deflclt of £68,378 for 2022123. The net movements In funds for the year after revaluatlon of investments and realised gains and losses on the investment portfolio was a deficit of £24,992. En the year to 31 March 2023 following the revaluation of the property Investments a surplus of £923,468 was reported. Renew Counselling Ltd has been particularly fortunate in 202312024 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 by the charity in the year is broken down as follows: Contributions received from clients: Donations from supporters and legacies Investment income (including rental income).. Grants, Training and Service Level Agreements: £ 602,906 £ 18,383 £ 239,889 £ 200,063 Renew Counselling Ltd is indebted to the generosity of the numerous individuals, churches, community groups, grant making trusts, companies, and statutory commissioners for the continuing support of its work. In particular we would like to thank our anonymous supporters and the following: 11 RENEW COUNSELLING LTD REPORT OF THE COUNCIL (continued) FOR THE YEAR ENDED 31 MARCH 2024 Income generated 202312024 Trusts & Foundations The SMB Charitable Trust Ebenezer Trust LCVS Widford Lodge School Essex Community Foundation Stotutory Mid Essex CCG Basildon and Brentwood CCG Essex County Council Fundraising approach and perforniance The charity undertakes fundraising activity to its supporters via direct mailing two or three times each year in line with the Fundraising Code of Practice set by Fundraising Regulator. Our fundraising promise is.. When you supportyou con be sure of thefollowing.. We will never sellyour contt7ct details to anyone We will only contactyou ifyou hove expressed un interest in our work Ifyou ask us to chonge how we communicrte withyou, orstop. we will respect that We try hard to ensure no one everfeels pre5sun.sed 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 Communty Foundation. who supported us with applications to their fund partners. No complaints were received by the charty or a person arting on its behalf on activities by the charity or by a person on behalf of the charityfor the purpose of fundraising. Key Management Remuneration The trustees consider the senror management team. consisting of the Chief Executive. Counselling Managers, Senior Offices Manager and Pathway Leader (Training>, comprise the key management 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 dIr￿tOr received remuneration in the year. The pay of all staff 15 reviewed annually and normally increased in accordance with average earnings to reflect a cost of living adjustmenL The total emoluments of the Senior Management Team are £168.900. (2023: £161,260). 12 RENEW COUNSELLING LTD REPORT OF THE COUNCIL {Continued) FOR THE YEAR ENDED 31 MARCH 2024 Investment policy and objectives Renew Counselling Ltd holds funds in investment propew and stocks and shares as a result of endowments made to the charity over its long history. The endowment fund 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 instructed to maximise income while safeguarding the value of the assets under management and to invest only in those holdings, which are compatible with our social and ethical standpoint. Investments performance against objectives - Renew Counselling Ltd derives investment income from a portfolio of equities and bonds managed by Investment managers (detailed on page 21 and rents from freehold propety In Plaistow E13 and Chelmsford, Essex. Fund Accounting and Reserves Pollcy Funds whlch are represented by the legacy of propety over the long history of the 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 counselllng to those in need who are unable to contrlbute to meeting the full cost and without this income Renew Counselllng Ltd would not be able to carry out its current charitable actlvltles. In accordance wlth Accountlng and Reportlng by Charities Statement of Recommended Practice (revised) the endowment fund is excluded from the reserves of Renew Counselling Ltd. It remains the pollcy of Renew Counselllng Ltd that free reserves {i.e. funds not committed or invested in fixed a55etsl should be at a level of between three to six mcnths expenditure, which equates to between £272,163 and £544,326. At this level, current activities could be continued in the short term 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 reserves, stands at £121,493 (2023: £121,042). Thefree reserves have decreased and are below the minimum target set by trustees. However, the Charity has a cash investment within the expendable endowment, and the trustees have agreed to call upon the cash balance, or sell the Charity's investment property. if required to alleviate any operational or cash flow issues that arise. The Charity is also 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 courses To ensure the sustainability and further development of the charity through developing our fundraising and communications Strategy 13 RENEW COUNSELLING LTD REPORT OF THE COUNCIL (continued) FOR THE YEAR ENDED 31 MARCH 2024 Trustees. Responsibilities Statement The trustees (who are also directors of Renew Counselling Ltd for the purposes of company law) are responsible for preparing the Report of the Council and the financial statements in accordance with applicable 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 preparlng these flnancial statements, the trustees are required to: Select sultable accounting policies and then apply them consistently,. Observe the methods and principles in the Charities SORP,. Make judgements and estimates that are reasonable and prudent,. State whether appllcable UK Accountlng standards have been followed, subject to any material departures disclosed and explalned in the financial statements,. Prepare the financlal statements on the going concern basis unless It Is Inapproprlate to presume that the charitable company will contlnue In buslness. The Trustees are responsible for maintainlng proper accountlng records that disclose with reasonable accuracy at any time the flnanclal posltion of the charitable company and enable them to ensure that the financlal statements comply with the Companies Act 2006. They are a150 responsible for 5afeguardlng the assets of the charitable company and hence for taking reasonable steps for the preventlon and detection of fraud and other irregu13rlties. In so far as we are aware: There is no relevant audit information 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 infortnation and to establish that the auditor is aware of that information. Auditors The annual general meeting confirmed the appointment of Clemence Hoar Cummings as auditors. This report has been prepared in accordance with the Statement of Recommended Practice". Accounting and Reporting by Charities (FRS 1021 (Second edition effettive 1StJanuary 2019- {Charities SORP IFRS 102)) The Trustees have prepared this report in accordance with the special provisions of Part VII of the Companies Act 2006 relating to small companies. 1,12.202 Approved by the Council of Renew Counselling Ltd on ￿ and signed on its behalf by.. Tim Rose {Chalvn)an) 14 INDEPENDENT AUDThOR'S REPORT TO THE MEMBERS AND TRUSTEES OF RENEW COUNSELLING LTD LTD UMITED Independent auditor's report to the members of Renew Counselllng Ltd Opinlon We have audited the financial staternents of Renewcounselling Ltd fortheyear ended 31 March 2024which 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 signifi(ant accounting policies. The financial reporting framework that has been applied in their preparation is applicable kiw and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Prartice). In our opinion, the financial statements: give a true and fair view of the state of the charttaNecompanWs affairs as at 31 March 2024 and of the charitable company's net movement in funds including Ehe income and expenditure. for the year then ended,. have been properly prepared in accordance with United ￿ngdoM Generally Accepted Accounting Practice., and have been prepared in accordance with the requirernents of the Companies Act 2006. Basis for opinion We conducted our audit in accordance wtth International Standards on Auditing IUKI (ISAS IUK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevantto our auditofthefjnancial statements inthe UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, Fole have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individualEy or collectively. maycast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees wtth respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other infomation. The other infomiation comprises the information included in the Report of the Council. Our opinlon on thefinancialstatements does notcover the other information and, except to the extent otherwise explicitly stated in our reporL we do not expre55 any form of assurance conclusion thereon. In conne£tion with our audit of the financial statementy our responsibility is to read the other information and, in doing so, consider whether the other infonnation 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 misstatements we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 15 INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS AND TRUSTEES OF RENEW COUNSELUNG LIMITED (Contlnued) Opinions on other matters prescribed by the Companie5 Act 2006 In our opinion, based on the work undertaken in the course ofthe audit.. the information given in the Report of the Council Iwhich includes the direttors, report prepared for the purposes of company lawl for the financial year for which the financial statements are prepared is consistent with the financial statements., and the directors. report included within the Report of the Council have been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception 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 Council (which incorporates the directors. reporr). We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have noi been kept by the charitable company.. or the chariiable company financial statements are not in agreement with the accounting records and returns,. or certaln disclosures of trustees, remuneration speclfled by law are not made., or we have not recelved all the Information and explanations we require for our audlL' or the trustees were not entitled to prepare the flnanclal statements in accordance wlth the small companles, reglme and take advantage of the small companies, exemptions in preparlng the trustees, report and from the requirement to prepare a strateglc report, Re$pon%ibilities of trustees for the flnanclal statements As explalned more fully In the trustees, responsibilities statement set out on page 14 the trustees (who are also the dirertors of the charitable company for the purposes of company lawl are responslble for the preparation of the flnancSal statements and for being satisfied that they glve a true and fair vlew, and for such Internal control as the trustees determine Is necessary to enable the preparation of flnanclal statements that are free from materlal mlsstatement, whether due to fraud or error. In preparlng the flnanclal statements, the trustees are responslble for assesslng the charltable company's ability to continue as a going concern, dlsclosing, as applicable, matters related to going concern and uslng the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease opeia£ions, or have no realistic alternative but to do so. Auditor's responstbilities for the audit of the financial statements Our objectives are to obtain reasonable a$5urance about whether the financial 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 assurance is a high level of assurance but is not a guarantee that an audit condutted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. We have designed our work to ensure that laws and regulations have been adhered to. and the transactions undertaken by the Charity are properly reflected in the financial statements. We designed procedures which included. but were not limited to- Agreeing financial statement disclosures to underlying supporting documèntation. Enquiring of management as to actual and potential litigation and claims. INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF RENEW COUNSELLING UMrrED {Contlnued) We have obtained a detailed understanding of the Charity's intrmal control systems and we have used the knowledge gained to identify any areas of risk of mis-statement or fraud. To address the risk offraud through rnana9en￿nt biasand 0￿rIde0fc0ntro1s, we tested joumal entries to identify unusual transartions. Making enquiries of management astowherethtyconsl￿therQwaS susceptibilityto fraud, their knowledge of artual, suspected, and alleged fraud. We have evaluated the appropriateness of accounting polioes used and the reasonableness of accounting estimates and related disclosures made by the trustees. We concluded on the appropriateness of the trustees. use of the going concern basis of accounting and. based on the audit evidence obtained. whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company's ability to continue as a going concern, If we conclude that a maierial uncertalnty exists, we are requ5red io draw attention in our auditor's report to the related disclosures In the flnancial statements or. if such disclosures are inadequate, co modify our opinion, Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However. future events or condltlons may cause the charitable company to cease to contlnue as a golng concern. We communlcate wlth those charged wlth governance regardlng among other matters, the planned scope and tSming of the audit and signifi¢ant audit findings, including any signlficant deflclencles In Inrernal control rhat we Identlfy durlng our audlt. We have then deslgned our audlt tests in each area to identify whether In respect of the transactlons we have selected for testlng the relevant controls have operated as expetted. Because of the inherent limitations of an audlt. there Is a rlsk that we wlll not detect all irregularltles, Includlng those leading to a material misstatement in the fmancial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the evenis and transactions reflected in the financial statements, as we will be less likelyto become awaTe of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment. forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the fi'nancial statement5 15 located on the Financial Reporting Council's website it.. www.frc.or auditorsres onsibi ities. This description forms part of our auditor's report. Use of our report This report is made solely to the charitable comparry's members as a body. in accordance with Chapter 3 of Part 16 of the Companies Att 2006. Our audil work has been undertaken so 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 permiued by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body. for our audit work. for this report. or for the opinions we have formed. David Belbin BSC BFP FCA DChA Senior Statutory Auditor Clemence Hoar Cummings Chartered Accountants and Registered Auditors Riverside House 1-5 Como Street Romford RM7 7DN 17 co NSELLIN sta For tho emen r ènded 31st Mareh 2024 EKpènd#blo Endowm•nl 2024 Totsl 2023 Tolal Unreslrleted Restricted INCOME ON: Notes l>onation$ and legacies In*stmenl Income 18,383 239,889 18.383 239.889 29,536 238,776 Charftable actlvlllos.. Grants, trainin9 & seThi¢e le￿1 agreements Fees recei 20D.¢63 572.906 200,063 602.906 213,958 463,517 30.000 Total income 1,031,241 30,000 1,061.241 945,787 EXPENDITURE FROM: C05t of ggngrattng funds Costs ofgènarating ￿T￿ntary incorné Charftsblo activttltrs Ctyjnselling senieÈs Educaiion and training {17,8311 13,7741 121,6051 127.180} IY91,7841 1225,4041 149,85BI 1841,6421 1225,4041 1742.5681 1244,4171 Totsl expendliure 11,035,019) 13,7741 {1,088,651 {1.014.165} Net ex￿￿￿[tur* ,T18 19.858 3,n4 27,410 68,378 N&t •K￿ndI￿re bofor* other re¢ogr)ised gains110￿8 T18 Othtrr recognised gains 110sge$ Gainlllossl on Tewdluation I diswsal of I￿￿$tmentS Realised Gainlllossl 183.9761 2,418 993,000 11.1541 2,418 Net movement In lunds lJ,Tl81 119,8581 (85,332 124,9921 923,468 Trandtrs b*￿ten tunds {19,858.001 19,858.00 Funds brought forward 155,328 5,750,835 5,906,163 4.982.695 Funds Carrled forward 131,692 5 665 503 5 881171 5 906 163 All income and expenditure deri￿ from continuing acti¥ities. The charity has nei1tt6r opèrntions nor disconlinued any of its commenced new ones in the year. No separale income and expenditure account as required undér thè Companies Act 2006 has been presented. Ihe net mokement in funds excludino the endowment fvnds defictl {27.410112023'. 1£68.3781. as defined undèr the Companies Ael, èfy sEalised and the in￿St￿ent management fees £3,77412023.' £3.TT61. The notes on pages 21 to 33 form an integrdl part of these Financial Statements. 18 Company Number: 04099810 1st March 2 Notes 2024 2023 Fixed assets T8ngible fixed assets In%estrnent properbes Investrrnnts at n*rkel value 1,59Q933 4,124000 14872 5,74Q805 1.627,213 4,125,CH)O 16.454 5,768,667 Current assets Debtors Cash 94,651 221,386 316,037 99,263 263,854 363,117 10 Current liabilrtigs Creditors 151 133 189 973 Net ¢urrent assets 164,904 173.144 Lon term Ilabllitles Bank loan 11 {24,538) (35,648) Net assets 5,881,17 5,906,163 Funds Eypendabb Endo￿nt Funds Unrestricted Funds {C*neral} Total Funds 12 12 5,749,479 131,692 5,881,171 5,750,835 155,328 5,906,163 Appro￿ on behaff of the trustees fm ... Treasurer J Rassell Chairman T Rose The financial statements ha￿ been prepared in aCcOr￿e Mit) the special provisions relating to companies subject lo the small companies regin￿ *ilhin Part 15 of Ihe C(ffj)￿ Act 2006 Ihe notes on pages 21 to 33 form an integral pwt of IIEse Financial SlatenEnts. 19 Renew Counselling Ltd and the forthe year ended 31 March 2024 Consolidated Statement of Cash Flows 2023 Notes Cash flowsfrom operating activities {35.596) (93,2811 Cash flows from investing activities Dimdends and interest Purchase of property, plant and equipment Sale of property 189 {7.0611 71 {2,695> Net cash provided byl{used In) Investlng activities (6,872) {2,6241 Change In ¢ash and cash equivalonts in Ihe roPOrting pariod Cash and cath equivalents at the beginnln9 of the reporting perlod Cash and cath equlvalents at the end of the rnporting pèrlod 42,468 263.854 221,386 95,905 359.759 263,854 NOTES TO TrIE CASH FLOW STATEMENT 2024 2023 Reconcillatlon of Net expenditure to Net Cash Flow from Oporatlng Actlvlllos Net expenditure for the reporting period Depreciation charges Interest and Dimdends Decrease in debtors {Decreaseyincrease in creditors 127,409) 37,342 {189) 4,812 (49,952) (68,379) 37.081 {711 13,930 {75,842) 11 Net cash provided byl (used in) operating aGtivitiès 35,596 93,281 Analysis of Cash and Cash Equivalents 2024 2023 Cash at bank and in hand 10 221.386 263,854 221.386 263,854 The notes on pages 22 to 36 fom an integral part ofthese Financial Statements. 20 RENEW COUNSELLING LTD Notes to the accounts For the ear ended 31st MAr¢h 2024 1. ACCOUNTING POUCIES The principal accounting policies adopted. judgeNEnts and key sources of estimation uncertainty in Ihe prepar8ton of Ihe financial staten*nts are as follo￿. Basis of preparation The financial Stalen￿nts ha￿ been prepared in accordance wilh Accounting and Reporting by Charitses: stalen￿nI of Rec0mw￿nded Practice applicable to charib.es preparing treir accounts in a¢Gordan¢e wth the Financial Reporting Standard applicabk in the tJ< and Republic of IrelarK% {FRS 1021 (Charities SORP IFRS 102)) Second Editon 2019. Ihe Financial RepDrting Standard applicable in Ihe Lll< and Republic of Ireland {FRS 1021 and Ihe Con)panies Act 2006. The Charity n￿ts Ihe definition of a public benefit entity under FRS 102. Assets and liabilib'es are initial recognised al historiGal cost or transaGtion value unless oblerv￿se statsd in the re￿￿dn1 aGGounting policy notelsl. Preparation of acctsunts on a going concern basis The trusleeg Gonsider there are no nwterial uncertainlles. The re￿eW of our flnen¢iel positton, roserves ￿8￿1$ and fu￿re p13ns TrusleeB confidence the charity rerrAin6 a golng concern for the hreseeable futsre. {il In¢ome rKognttlon IncOW￿ corrprtses donations, Includlng under Glft Aid, grants, gO￿rn￿nI grants, hgacS8s, fees reCei￿d from counaellng and training, and In￿StrT￿ and r8n&ql incorn from and0¥￿d funds. Donations, leg8¢ie$ and grants are re¢ogni8ed ¥then receipts 5$ probable, cen be mèasured accrualety and legal enllljled to the Inccme. All other Incoff* is credited to the slatement ol flnancial acti¥Aties Cn an ac¢ru8ls basis. In addition, Renew Councelling recei￿$ help and support in the form of K)luntsry assistance and dona#ons ol gcods. Ohlng to the dlfflcuty of Wdlulng trls help and support such Items arè rK)l included In thè finaneiÈl $latsm8nts. (li) Expendftur¢ All eypendiknre 18 included i>ft the slatsrnnl of financial actsmties on an accruals basls and Is recognlsed ￿On there Is a iegal or construc#vè obllgalon to pay for @>pendlttJre. AJI Costs ha olbcated be￿an lh8 e>pendI￿re catogorles of trg Slaterronl of Financial Acb'MI'e8 on a ba818 d&signed to refiect the use ol Ihe resource. Costs relating to 8 particukr atttr￿ty dre albcated direclty, othèrs arè apports'oned on an appropriate Cost of generating funds incluotes the costs associated wlh attracting ￿lluntary and in￿stment incon*, Charitable eVendi￿re comprises those costs incurred by the charity in the deli￿ry of counselling services to its beneficiaries, and education and trainin9 acb"vities. CO￿r￿ance Costs include Ihose Costs associated wth meeting the ¢onstitsJtsonal and statutory requirerrEnts and Ihose linked wtsa the strategic Tr?nage￿EnI of the charity. The charity is not registered for VAT and accordingty ejpenditure is Sho￿ gross of Irreco￿rab￿ VAT. (iiil Fixed assets FreelK)ktt and leaseho￿ property are included in tre balance sheol at cost. Freehotd and leasehokl property is depreciated 0￿r 25 years Expenditsjre on IT equiptrEnl is included in the balance sheet at cost E>penditure on other fiy£d assets is ￿Itten off lo the stalerr*nl of financial a¢tsvibes in the year of acquisition. The trustees haNe sel an anx)unt of £1,000, being the value bebw thich fixed assets purchased are not capitalised. 21 31 March 2024 (iv) Deprecialion Depreciation is charged on freehold property excluding land to write off the cost of buildings 0￿r 50 yearE. Depreciation is charged on leasehold impr0￿MentS to depreciate the Cost Owdr the term of the lease. Depreciation is charged on tT equipment to wrile off the cost oker three years. Iv) Investmènts Listed in￿StMentS are included on the balance sheet at market value at the balance sheet date. Gains and losses on rerdluation and on the sale of listed in￿StmentS are included on the statement of financial activities. No unlisted in*stmenls are held. In￿stment property is initially measured at cost, including related transaction costs. including related transaction costs. After initial recognition, in￿StMent property is carried al fair Wdlue delemined annually either by extemal valuers or by the tnjstees and dermed from the current market rents and in4pstment property yields for comparable real estate and adjusted if necessary for any diffeEnce in the nature, location or condition of the specific asset. No depreciation is prouded. Changes in fair Wdlue are recognised in the Statement of Financial ACtI￿ties. {M} Fund Accounting Funds held by Ihe charity are either: Unrestricted general fijnds which can be used in ac¢ordan¢e with Renew Counselling's objects at the discretion of the trustees. Restricted funds that can be used only for certain restricted purposes within Renew Counselling's objects. Expendable Endowment Funds which rep￿sent those assets that ha￿ been endowed to the Charity and which are held to generate income to support Ihe operating costs of Renew Councelling. The Charity would not be able lo cary out its current charitable actimties without the ￿lUable contribution of the In￿StMent income generated from the expendable endowment. Financial insthiments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instnjmenls. Basic financial instruments. including trade and other debtors and creditors are initially accounted for al their transaction price. Opèrating leasès Rental charges are charged on a straight line basis 0￿r the life of tho lease. Funds Unrestricted fijnds are donations and other income receivdble or generated for the objects of the challty. Designated fvnds are unrestricted ￿ndS eamarked by the tnjstees for particuSar purposes. Restricted funds are those funds which are lo k used in accordance with specific instructions imposed by the donor or Irust deed. 22 Renew Counsellin Ltd Notes to tho fvttounts Continued For the ar ended 31st March 2024 Employee beneffts Short term beneffts Short term benefits including holiday pay are recognised as an e>pense in the period in ￿lch the service is recei Employee termination beneffts Termination benefits are accounted for on an accrual basis and in line ￿th FRS 102. Pension scheme Renew Counselling operates a defined contribution pension schenE for the benefit of its errpk)yees. The assets of the scherrt are held independenty from Ihose of Renew in an independently administered fund. The pensions costs charged in the financial Staten￿nts represent Ihe contributsons payable during Ihe year. Legal status Renew Counselling is a company lirTNled by guarantee registered in England and Wales registration number 04099810 and has no share capilal. In the e*nt of the charity being Kound up, the liability in rospect of the guarantee is limited to £1 per Thmber of tho charity. Estimates and Judgements Estsmates and jUdgen￿nts are conts'nualw e￿lUated and are based on historical eyerience and other factors, including ejpectations of fuknre events that are belie￿ to be reasonabte under the circu￿tances. Although these estimates are based on the trustees, best kno￿edge of the an￿Unt e￿nts or actions actual resutts ulb'wotety differ from these estimates. The investnEnt propety has been Wdlued based on a recent sak of one of the properties and the other tm) dlued on a desktop basis 23 R¢now C¢uns¢llin Ltd For the ar ended 31st March 2024 2. INCOME ON: Unr8strict8d Restrictsd 2024 2023 counsel￿rtg ActhiAbes Schoo15 41,824 41.824 44.035 41,824 41.&24 44,035 Educatlon & Training Anglia Ruskin Univar$lty 158,239 200,063 158,Z39 200.063 189,923 213.958 Fee Incon 572,906 572.906 30,IX)O 602,906 30.oof 602 906 463,517 3. Investment Income 2023 Rent recei*b Dimdond incorrE 231Th 238,705 189 71 239,889 238.776 4. EXPENI)rruRE FROM". 2023 Total Total Costs diro¢tly allocated to actfvltles Staff Costs & fees Comrryjnications Recruitment Volunteer Eypenses Audit Fees Direct Dire¢t Direct Direct Direct 4.￿6 55&6TI 148,OD7 1396 1,659 2.210 1.100 85,703 794,773 5,055 3,310 169 14,760 747,442 4,313 1. 793 15,600 14,760 Support costs all¢¢ated to a¢tivltie5 Adfflnistration costs Premises costs Legal & Professional Depreciation Bank Charges I])￿rnanCe Recharged Staff tin Usage 115age Usa 9.931 3.774 13.722 22,838 61.￿ 12.020 1&863 37.342 79,767 12,020 129,832 86,039 13,863 37,342 3,508 128,467 66,626 5.063 37.080 4,341 351 &163 175 149.￿ 39.980 (192.425) Total eypendiiure 17,831 3.T14 841.640 225,404 1088 651 1. 014. 165 Resources eyndibJre are directy t) the acliiifies tr> ￿t￿ch relate there possible rather than on a notional percentage basis as in prewious years. MnyrMstrath)n Costs and Premises costs ha￿ been apportioned to the usage. Legal & Professional fees are accordw to ts anyjunled charged. Depreciation relatss lo bU1￿1ngS ocCu￿d for Couns￿ng sw4ices. Bank Charges havè been apportioned as a percentage of the total cosL 24 Renew COuns￿n Ltd Notes to the Accounts Continued For the ar ended 31st March 2024 COMPARATIVE EXPENDrruRE FROK. 2023 Total Costs directty allocated to acttvities Stsff costs & fees COM￿1n1¢ationS Recruitsrnnt Volunteer E>p6nses Audit Fees Direct Direct Direct Direct Direct 4,183 4,313 495,169 165,876 82,214 747,442 4,313 4,040 1,193 15,600 1,784 1,193 2,256 15,600 Support cost8 allocated to aetlvftlés Ad￿anIStratiOn costs Premises cosls Legal & Professional Depreciation Bank Charges )vernance Recharged Staff tiTrÉ 10.183 3.776 Usage Usage Usage 17.680 20.540 44.762 10,932 5.063 37.080 3.690 217 136.147 44.813 (185,251) 76,288 10,932 128,467 66,626 5,063 37,080 4,341 434 4.291 Total Resources expended f3,404 3.T16 742.568 244,417 1,014,165 25 RENEW CO LTD Notes to the Ac tin For the ear ended 31st March 2 ou 5. Net Income forthe Year 2024 This is stated after charging.. Depreciation Auditors. remuneration 37.341 14.760 37.079 15.600 6. Ta ngible flxed assets Freehold Leasehold Property Propety Equlpment Sadlers House House Chelmsford Basildon Total Cost or Valuation As at March 2023 1,768,000 83,976 90,635 1,942,611 Disposal Additions (83,976) {83,976) 7,061 7,061 As at March 2024 1,768,000 97,696 1.865,696 Depreciation As at March 2023 Disposal Charge for year 147,334 83,976 (83,976) 84,088 315,398 29,466 7,875 37,341 As at March 2024 91, Net Book Values As at Mar¢h 2023 1,620,666 6,547 1,627,213 As at March 2024 1,591,200 5,733 1.596,933 26 RENEW COUNSELLING LTD Notes to the Accounts Continued For the ear ended 31st March 2024 7, Investn*nt Properties Commercial Residentlal Property Property Total Cost or Valuation As at March 2023 Rerdluab'on 3,400,000 725,000 4,125,000 As at March 2024 3,400,000 725,000 4,125,000 Rerdluats'on As at March 2024 t Book Values As at March 2023 3,400,000 725,000 4,125,000 As at March 2024 3,400,000 725,000 4,125,000 The ComnErcial propety ￿ds valued by mCDo￿dI1$ Surveyors Limited on 9th August 2023 and the Residential Property was ￿alUed by David Martin Group on 13th Crtober 2023 the trustees are of the opinion that the Wdlues ha￿ not changed significanty as at 31 March 2024. 27 RENEW COUNSELLING LTD Notès For the in ar ended 31st March 2024 8. Invèslments Investments nvestments at market at market valu Al 31 March 21r23 Nel gain (loss) on sale arKI ￿valUatiOn 16,454 2,418 17,609 1.155 Al 31 March 2024 18,872 16,454 Invo5trnents at market value comprise= Sustainable Wot1d Trust 18,872 16.454 18.872 16.454 9. Debtors 2024 Debtors arising frcm opwalin9 acliwlios Olher d¢blors Prep8yrnent8 and accAJeO Inwnè 84,891 90.328 9,760 8.935 Total 10. Cash at bank and in hand 024 2023 Cash al bank and in hand 221,386 263,854 Total 221,386 263.854 11, Croditors: amounts falllng due wlthln one year 02 Q23 Gredll¢rs artslng from operating acti￿lIeS Other credllor Bank loan Other taxation 8nd soelal sgcurtly Doferred In¢ome (Seè Below) Accru81s 18,659 8,349 11.110 9,760 88,254 17,001 14,912 5,798 5,558 10.226 131,158 22,325 Total 189.973 Bank loan is 0￿r 10 years interest rate of 2.50/0, and the final repayment dale is 2410812030, which is paid in monthly instalments. The golemmenl guarantees 100/0 of the loan cr¢dito￿. amounls falllng due withln one year 2024 2023 Bank loan 24.538 2024 2023 Balance fi)rward Amount released to in¢omo Amount delerred In the year Balance canied fO￿artI 131.158 (131,158) 188,621 {188,6211 131 158 131 158 28 Renew C(Amsellin Ltd Not•8 to the kcounts Continu•d For the ar endod 31st March 2024 12. Anatysls of Funds At 31 Al 31 March 2024 In¢￿￿ng Eynditure TrarisfeTS Restricted Funds C(MJnselling Sermces Education & Training Total R¢strlcted Funds 30.000 {49.8581 19,858.00 Unrestricted Funds including designated funds Counselling Senoces (1.OSI808) N81 sales & purchases of in￿St￿nts 1.018.946 Rewdluts'on Gain 202.(KJO Adjusfvnt for In￿st[rent Pr(]perties {12.810} 1.031.241 {1.035.019} {19,858.00} 11,076,444) 1,018,946 202,OOD {12,8101 Total Unr8strlct8d Funds 155 328 1.031241 1,035.019 131692 Expendable Endowment Nel sales & purchases of i￿￿trI￿nts Nel gain on Ihe sale and rewdluats'on ol" In￿StrI￿nLS 3.537.713 (581.9(NJ) (3,774) 3,533,939 (581.9001 &133.876 3.133.876 2,852 1418 Other Transfers AdjustrEnl for In￿tsTEnt Prottrties (339•) 1339,2881 Unrestricted exynditure 4750. 5.749,4 Total Funds 1088 651 5 881171 Funds hekl under EyndabSe EndovAWrt cpendab Endo￿nI Totsl Fund balances as al 3151 March 2024 are represented by.. FTry￿ Assets Current Assets Currerit Liabilits'es Liabilities arising after 1 year 10.198 297.165 (151.133) 24.538 131.692 5.730.607 18,872 5,740,805 316,037 (151,1331 24.538 5,881,171 5.749.479 alyss5 of Net Assets between Funds Unrestricted Funds Restricted Funds Eyndabfe Endomtnl Total Fund bak4nce5 as at 31st March 2023 are represented by.. Fi￿￿ Assets Current AsseLs Current Liabilits'es Appro￿1 on behaff of the tr 4.745,156 17,609 4.811,206 472,952 {301,4631 455.343 (301.463) *930 4 762 765 4.982.695 29 RENEW COUNSELLING LTD Notes to the kco nts For the ar st March 2024 13. Transactions with trustees and connected persons Trustees receive no renxjneration and there no reimburserrenl of e)penses 16. Indemnity insurance The charity has a professional indenmity policy for its Counsel￿ng activities and charity indemnity insurance al annual premiums of £2,569 (2023.. £2,300). 17. Staff Costs and Numbers Staff Costs ￿re as f01b￿. 2024 2023 Salaries and wages Social se¢urity costs Penston 707,222 40,471 74,842 822,536 672.758 38,111 65,613 776,482 The number ot empbyees vthose emoluments fi)r the year fell within thè following bands were: 2024 Number 2023 Number £60,001-£70,000 CY this, 1 employee is accrijing pension Contributions totalling £3.605 (2023.. 1 enpbyee, accruing £3,443}. The total enployee benefits of the key management personnel of Renew ￿re £161,260 (2023: £179,197}. The a￿rage nurnber of empbyees durlng trte year, calcu5ated on the basis of full.tin% equ1va￿nts, $ as f01b￿S.. 2024 2023 Chief E¥EGutive Couns¢lling staff Education & Training Fundraising Administration & Support 11 11 24 23 The a￿rage nurnber of actual employees Ifull-tirre, part-tinE and sessional} ￿￿9 66 {2023'. 70). Renew Counselling Ltd operates a fyoup Personal Penslon scherR trrough Nbw Pension This is a salary sacrifice arrangetrEnt. the cost for the year ￿ds £29,941 12023.. £26,225}. 30 RENEW COUNSELLING LTD Notes to the Paou Continued For th ar ended 31st March 2024 "18. Operating Lease Conynitmortts Al the year end, the company comitted k) the fOlk)￿ing paynEnts in totsl in respect of Land and buildings 2024 2023 2023 Incovr* L•4$e¥ whi¢h expire: Wlthln one ye8r Wlthln kknrj to years 214,000 214,000 Expondfture Leages whlch explre: Wilhin one year Wilhin to five years 6.552 20,500 20.500 20,500 20.51X) 19. Related Party Transactions A Trustee donating 7 nY)nthty paymenls of £50 8 nxxith WKI 3 nx)nlhty payments of £100, totalling £650 recei￿￿ in Ihe year (2023.. £600). 31 sta ar ended 31st March 2023 20. Comparative Consolidated Slatement of Financial Activilies {2023): Expendable Unrestrlcted Endowment Notes 2023 Total INCOME Donations and legacies In￿stment Income 29,536 238,776 29,536 238,776 Charitable activities: Grants, training & sermce le￿[ agreements Fees recei*d 213,958 463,517 213,958 463,517 Total income 945,787 945,787 PENDITURE FRQM; Colt of generating funds Costs of generating Noluntary income Charltabl• a¢tlvltl•s Counselling seDA¢es Education and tralnlng {23,404) (3,776> {27,180) (742,588) (244,417) {742,568) (244,417) Total oxpondlture 3 (1,010,389) (3,776> (1,014,165) Net Èxpenditur• b•foro oth•r recogni*d gain￿10￿•8 64,602) (3,776) (68,378) Other re¢ognlsed gains Ilosses Gairtrl{loss) on re￿dI￿atiOn I disposal of in￿StmentS Realised Gainl{loss} Unrealised Gainl{loss> 993,000 (1,154) 993,000 11,154) Net movement in funds (64,602) 988,070 923.468 Transfers between funds Funds brought forward 219,930 4,762,765 4,982,695 Funds carrled forward 155 328 5 750,835 5,906,163 32