Charity rnglstar•d numb•r 1088522 CHARISMATIC RENEWAL MINISTRIES TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2020
CHARISMATIC RENEWAL MINISTRIES Pag• Leg81 and Admini8tr8lr¥è Infomwtion Tru8ta88' rewt 4t09 Independent Examinerfs Report 10 statement of Financial kbvibgs 11 Balanoe sheet 12 Notes to the accounls 131020
CHARISMATIC RENEWAL MINISTRIES For the year èndod 31 fl•camber 2020 TRU8TEE8 A Goodness-Amao AOIO A Ogbajie B Y8mkAk8la OOAkin CHARiff NUMBER 1088522 REGL8TERED OFFICE 120 Quebec Road rilbury Es59X RM18 7RA INOEPENDENT EXAMINER EMI Consulting & A¢eounllng SeThke8 Ltd 7 StyJg•moor tknvo Dagenham Ess8x RM10 7JL BANKERS 8arday3 Bank Hc Basildon Essex SS14
CHARISMATIC RENEWAL MINISTRIES TRUSTEES. REPORT For the year ended 31 Decambor 2020 The Truste8s submit thelr annual report and the finaniial statements of "Charismatic Renewal Ministri85 UK. for th8 year ended 31 December 2020. The TJste confirni that the annual report and financial stsl8ments of the rnpY compty with cuffent stabjtw requirements, Ihe requirements of the charitys govemirKJ Oocument and the provi5•)ns of the Statement ol RecC¥nMend PraclK (SORP)'Accountlng and Reporting by Charities" issued in Marth 2005. Our Alms and objoctlves s and Alm Our charity, "Charismatic Renewal Minislrns Uf Is a Christian Church and Ministy promotlng and supporting overall advancements of our communilies in harmony Chrisban bbli8f8. Ensurlng our wort( dollvern our alms We review our aims, objectives and actNrties to examine what VIP athieved and the outcomes of our work in the prew0 year. The review knks at the success of each key 8CtMty and the benefits they have brought lo Itwxe groups of peopl8 are set up to help. The eW also helps us 8n8ure r aim. a(Xi%itss romain f(xxJ8od on our statéd PUTPQSgS. We have referred lo the guKJanc contain&J in Charity Commission's general guidance on publlc b8n8frt vknon rgvwTrJ our a¥m arml and n plgnning ojr futum In parb'cuLqr, the Intee3 consider h(Mt pl&nned wlll contrthts to Ihg alms and objeth"ve8 they havo seL
CHARISMATIC RENEWAL MINISTRIES TRUSTEES. REPORT Th• focus of our Mlsthn In th• p•rtod und•r rnvl Our main objecllves for to be the promotrjn of a system of (xwregatlonal advity which ensures thot all, gom8 Chrp5tian5 are tsught. traed. equiptwd, 8clfvated and released to demonstrate the love of G(#1 fft the familias and commuftrt Ihwh pract1 t8athing frcm the blb and applKallon of ts'blKal WNKiples. Th8 slrategi# used to meet Ihese oWves induded: l. We havg PrOded a Sp4r1al fomialb)n process ththlch onablgs lay p&8ons to grow In thè fallh and uhlmately serve God father than be in8cth Ixrt have FK)sthvè impact in Ih8 80•. 2. Thb splritu81 educakn thal OÈ Offor1 by CRM 18 to everw regardless of thèir eduealkjnal bockground. In thls regard we actety wilh Olfr Christian c(ThJregatKsns aThJ minlstries lo ensure that ts W$t miL49 ¥Pgctrums pw hm £886 to th9 6ervic8s in hx¥tbns k>sest to thelr homeg. 3. CharIsMat Renewal Ministries. UK ¢))nlinved lo be active in Loc81, nathmal oTrJ Intematlonal Evangelism, Dlstypleshrp and supwrtlry kxal chwths to ild up c8p8utytO Carry out the Great Commissn. Accordingty. the Charrty SUFWted MIS0 to Nlgerfa. and other parts of the rI through InVOoment with Ihe lrtam•thJnal F0h). In 8umm8ry, Charfsmalt Renewal Mkdstrbes. UK has to thè prath% of Chf18tban Fatth In the United Klngdom Ilywh actr¥e promollon of our mission. How our actfvlll•• d•llvor publlc b•n•fft Most of our charftable acti18 for on makirKJ avai18t4e free bible resources that makès it possible for Chri8Jans to be actwe in s8MrwJ the $8Vi(Kr Jesus ar¥J the county by law abary. In addstlon. wo provide publlc benefft throw those 8pe way8.. Providlng an enabling enronment th8 pracike of chtranIty In a way thal gk*rfle8 Gtyj and blesses community. This Infomialk)n is made avalable, Irgv of charye. to déslr8s wrthout any restriction. Thr our re80gTch 8TrJ ministy. Ihe in the Uniled KNwdom now has awallab. 8 woven melhcrfl through th1¢h for 811 Chrisb8ns woductwely practKe their faith as pri98ts, instead of baing a dormant
CHARISMATIC RENEWAL MINISTRIES TRUSTEES, REpoirr AIMS AND OBJECTIVES (CONTINUED) Chthmatic Renw41 Mini5tri8s UK, al80 relig¥8s kne88 aTrJ financial hardshlp and promotes wd preseives g)Jd heath as insts)Jthd in Matthgw 25: 3146. We belwe that tNe practice of Christianity r8qurns that t¢ our brothers. keepers. W'rwJ to WQVKle Telief from pain and natural disasters is Part of (xjr re8mitilty. Wh In the under miew, we wo¥xled froe bibl8 re8(Wr for all dbnts had need for sama. AJI our w¥icos 8re free to our dlani8 our web8rte. we provKle resour free of chanJe. 2. Through FaceiM>)k & YTub. share toathky. 3. Through Women home outreach to KororK TA•ynen'8 thr trndShIp, o)unselling and teachlrvJ. 4. We organ15ed Corrferences, 8emlnarn re¥fval rna8 to meet the no#d$ of people In the communty vAth love L Chiist. 5. Talent Str h8lpirvJ the sYyJng p¢4@ > jtsfy tr1r tal8nts and d8Nh¥ IL 6. Chdstm88 carol évent for thg Communty. 7. Outreath to 89colary s¢1 81th18nts to them oxcèl a(ademically, grow Spir181 8. At varhJJ$ Ilmes. Char18m rerwal KthniJies asslsted irvjiwt with cash lo meet urgent needs. Howevgr. the Impacl of 906s far those we hdp dlr8cty Includes The makn èr88s of chartable remai th8 k¥oNis)n crf o ¢xJtting edge progrnmm8 through whlch Christians c*ase to be passr¥e mgmbers of eorvJregalk)nslChurches bul rather are tr8nsfome(J. The actiwbes and the athiev8m9nts that tkyw from our wortE are having wider impact far beSd thrfft Vh recaiw Ihem directy from ow service delivery.
CHARISMATIC RENEWAL MINISTRIES TRUSTEES. REPORT FINANCIAL REVIEW Charitys statèm8nt offinan(aal acviOes fcf the Yo8r enrthrwJ 31 Dnbor 2020 shchvs that we h8V trad8d sutt8sshJlly de3pe unpleawt ecoThJM (ky1¥n in the S fmi5hir¥J wlth 8 Surplus for the current star of £17.141 was an inc¥ease of £10.313 last figure of £6,828 surplus. Thls suiplus was 88 a re8uIi of iThxease irg)np atove th& 10t of tharttaJl8 acilvitlo8. so, the sbrtY ofthe gasat)n'S kgy memkn in the last f•v >wrs have contrbJW to sleady in the coming wrs. The Charit6 WKLYn8 was £37.9n Jwr eThJod 31 De(mb8r2020 eomp8red lo £35,W2 In th• ar ended 31 ccam X119. The lotsl ej•t[ to £20,836 ftr the r a19d 31 Dee8mbw 2020 cwared to £28.974 in thg to 31 t)eCemr 2019.Tho ld Lwl8rKe foN8rd ai 31 Decemtw 20 was £55.762 ojmpwed to £38.820 th& yaaf 31 DeCntsr 2019. Thero war8 no rostrtted fvlnds to be carri&l forw8rd in 31 Derfr 20. Tho tull Statsm•nt ol Finanoal A¢b¥i11gs is set ojt cffl pago 11 of xwn Prfncl l Fundl The principal fu15n9 souw for the caiity 15 by way of vc4un Irwxffne through lthe arm1 R•••rv•s pollcy mmltmgnts. In%wlm•nl polky al lf0Mn Our av818bb8 ro80w8 have tJ8on nood cffi on ba818 ofan actfv• rn1. For INS reserv8 that wil bè invested irrto bJildirvJ ac%#)n. IB revIewj roguty. PLANS FOR THE FimJRE Th& charity plans to CnbDu1ng the aclylts otrtlned atv49 In fv fulhcomlThJ su¥e(a to 88llslactoryfvndirvJ arrnrwJ¢nRnts. These are Spear TnrkS we WOLdd Ike to altaln bgf¢yg tr noxt i¢pyt18 C. 1. Roachlng tho 8CK4ety wilh the wel rAClTht 5. Ac•Jamic SupF>)t Summer SdKK4 lo SUPFMXt y¢>J Fm Mthmatk Ckjb fc brothers and SierS are SryFMJ Ilwh drffhxdt tsmes 7. We wll &m to prOe to 8(xne kol charflies. 8. Expan(IrvJ (wr Tnl Show woiects. Govammantal organisati(Th.
CHARISMATIC RENEWAL MINISTRIES TRUSTEES. REPORT For the yw ended 31 tlac•mbw 2020 Govwnln Charismatio Ranewdl Ministries Is a Pente&1 Church found&1 in UK tt is unincoTporaknJ and govemed by Its constitution Vor unincorrxJTaled 8s8latIorts) adcybj on 251h July 2(th and lasty amended on 22n(l November 2009. The ChLrth 15 verned by th& twd of trustees comprisKo six membgrs which meet regulaty in a year lo administsr thè cffj. 5rnd on the board througFt the year undar reviaw ar8 named on paga 3. The Board of Trustees is the gov6ming tt•Jy responsib for th6 actMti88 of the org8nl8atk)n. The role of the Board is to provide aC(1nLIa KShIp and directh 88 uIred by W. to set dear obj.ecti. eStalsh priorilles. safeguard assgts WKI use them tiff&tivety and exdusfvety for their purw88. and rnlnl Our trustees are already famllkqr wrth Ihe best Pfadice as d*thd byth8 Charbty Commls¥h)n . Th8 Obligatn9 of Managwnont Committee members. . The main documènts whieh sat QLrt the operational framem1 for Ihe (tsity the Constitution . Rèsou19 and thg cuffent fwwicial p)8Mion 88 let out In Iha latest wNlsh•d accourrts. . Futuro plans and ObjtIVeS of the charfty Itsell. The Management Committee has coThlucted a revi of Iho major rkS to vthKI) th8 charity is expo8ed lo. We have a risk register in a¢9 and UFxJale It at least anwauy. Currenty. wo are experlenciw a huge drop in our incomo streams.. QLbr Immedkqte F4an to MItat8 the risk k8 to improve our membership drNe and engagement Proc&Juro$ are in place lo ensure comrAn{¥ health aThJ safety of the membars and $how8 to ow programmes. kn. rgview such k¥rxedur85 rggulady and 8nsuTg thwr effectivenés8. anl•atlonal Stru Chari$matsc Revfval Mlnlslrles has a Managwnerrt Commiitee of up to 6 membern meet quartety and are responsible for the stralegk dIreCt and FdKy of the charity.
CHARISMATIC RENEWAL MINISTRIES TRIIgTIEq' RCPDRT fw Ihe ypni •nflpil 311)pcmbpf 2020 STATEMENT OF TRV5TC15' RESPONSIBILITIES The Twlev<.Irv rp5pM#thI. Nofviiinq the AnnvAI Reixxl Iho fw4mcl81 slaiemenls kn a¢sAdnc• Wfflh qtyilr47blo IEIW iiiMI 97115 The LIM'.Ikwljt6 io dntIes Ki England and Wale5. the chari19 Act 2006, Chanty (14¢counts arvj ReponF) ReoulaiKmE aThl the PThlSKnS ol Iho Ivusl deed re(wiies ih9 IiU41ges lo piepar8 Tinancial Uilemeni% lor eilch linani3al whtch give a Irue and lair view ol Ihe Sl8le ol Allrs ol Ihe charffti and c4 inrThiing TCe$ application ol resoue$ ol ihe choity kn Ihal peilo¢l. In ttwe slaRments. lh8 Tnee5 afe r•yJiFed to: seleu sUrt aOun117g pdw5 and then aFvty Ihern conslslenlkr. make jthtyrnents and e5ttmates thal are reastywble and prthL the arKI priKiples ol ts Clwty SORP. pwppaFE the linancial slalemenls cffl Ihe go¥ig oywn b3518 u888 il is inapproprfate lo preswn8 Ihal Ihe ttbarity, 11 (x1)Ut rfi business. acraCY ai any time the finanual t)sitn ol the (thanty and enable them lo ensure that the financial staiements compty wth the Charities Acl 2006, the Cfority (Accounts and Reports) RegulalWS 2C#)8 aThJ the prDv¢sions of the Thi deed. They are akn Trsppnstb for saleguai<Ang the assets ol ihe chariry and hence lor tskry reascffiable sleps for dthctirn d 11a1 wd irregularfil APPROVAL This rep)n app1pd bythe Bowd ol Tn85 Zl Odcthr 21 swl on its behall ty. OOAkin Charty Regsiraiw Number: 1088522
CHARWTIC RENEWAL MINISTrIE8 INDEPENDEMT EXAMINERE REPORT TO THE BOARD OF TRUSTEES ON THE PREPARATION OF THE UNAuorrED STATUTORY FWCIPL STATEME1$ OF CHARmAn¢ RENEWAL MINISTRIES FOR THE YEAR EIDED 31 DECEM8ER 20211 We have rep)rt thtr on ststements of Charimlic Revryal Ministrl&s ftth& year &)ded 31 DecAmber 2020 whlch eomprK48 of the Slalwnent of FinarKial kap4ib8s. th8 Balanr Sheet and Ihè r8lated 8X8m1r a¢)Unts WKler 43 ofth• 1993 A(# 43171 Ib) oflh• 1993 Acl: 8a¥l• of th• Ind•p•nd•nl •x•nln•es i•wrt examinalTh was CBIj ¢Jrt in attold8 with ts Generd DI113 gfven by tho Ch8TIty Commlssknn. e¥amknatk)n Indud8s a of Ihe acctyjnbffj reryyds kept by thg drity 8nd a ¢omp8ri8on of lh8 accnts pr1•d those ld8. li •bo inrJLJes cdraI1 of any unusu rtom$ or dls()sur8s Sn thè 8¢onts. and seekts ayWan•llons [rn as trustsgs corthmlng Any sh mattors. The prctgdureB undertaken ¢ks Th)t wovhjg Ihe evhJenc4 IhatMDuld be requlred In an audit, and conseqnty rK) opinK)n i¥ gNon as to thoth8r tha and f81r VI, and the rèport Mmlted to those mattgrs s•t in the 8tat•m8nts b•hMf. Indgpgnd•nt •x•mln•rf• l#t•m•nt In cnec11)n vhth my éxamination. rrf) mth has oyne to ryattemlb*.' 11 Whl¢h gfv68 m8 rea8crfth C8LW b belkn that In mthial resF•cI Tgqulrernw to keep accoJntirK4 rècl in )rarth with s8ctkJn 41 of the 1993 A¢l'. and requiremgnts ofth8 1993 Ad. Have not been mrt or 2> To %thich, In my opirkn. aii¢nikn drawn in wder kn Onabbè a pw undw51dts of ihe accounts lo te wched. R Musa For and on behall of '. EMI Consults"rvJ & Ac£Xntrn9 Ser¥k•s Ltd 7 Sedgerncor Dri¥e Denharn ES RM10 7JL Date.. 27 Oct 2021 io
CHPJOSMATrC RENEWAL 2019 INCOMING RESOURCES Donal5 37.977 35,802 TOT INCOAIING RE80URCES 37.977 3S.802 RE8OUftCES Expe14DEO vanckng th• CtrWlgn f8lth 20.838 28,974 TOTAL RE80URCE8 EXPENDED .974 NET INCOMWG RE80URCE8 BEFORE TRAMSFERS TrarlIT$ b•kn fvndB 17.141 8,828 NET MOVEthIENT WI FUNDS FOR ThE YEAR 17.141 6,828 Ti)tsl fvnd8 br(ht forard 38,821 31,793 TOTAL FUN08 CARIIED FORWARD 10 55,762 38,621 The Notès on pages 13 to 20 fm part of Ihe financ4al stalwn. li
CHARISMATIC RENEWAL MINISTRIES BALANCE SHEET AS AT 31 DECEMBER 2020 2020 2019 CURRENT ASSErs 15.yo 14.921 242 39.121 Cash w bank in harKI 56262 CREDITOR&" amounts falung NET CURREpif ASSETS 55.762 38.621 TOTAL A%SEfs LESS CURREpTf LIABILMES 55.762 55.7ff2 33.SZ1 FUNDS . Desw•ed FwK15 10.11 55.762 38,621 TOTALFUNDS 55.762 OOAkm 12
CHARISMATIC RENEW MINIStRES NOTES TO ThE ACCOUPUS For th• y•ar•nd•d 31 D•e•mb•r 2020 ACCOUMTW4G POUCE8 acccydance wlth the Firwxial RwbThJ Stard for Sm8118r Entities18ffth8 J8n 20151. The Practice ISORP}."A¢txwnlkny and by Chiiw' revlBed kn 2015 and apICable jnti standards. 1.2 Fund ¥ccountlThg G•ner81 fvrmls are unretsicd fijnds are avalai48 fcu80 at the dlsuotk)n of tho Trustoes in fvrth8ranch ofth8 014 crflh? c&Ynpany and hwg WKI beon Design8t•d fuThJs cgJmt¥e unre81ted fvrbJ8 Ihai have b89n 8et aslo by tho Truste•s for paiteular purp(. The alm ofeath d88bna lund l¥ Sel ¢Jrt in the Mt•$ to Ih? lknandal statements. Rèstricted fvnds are fund8 are kn b8 us&J In aLxyydarKe ¥•lth 8pth rostrklhJnB Imposed by donors havg tréen ras&J by tr ¢lwity partwar wrposes. The cost of rl8lng and administèftrg rA6 charytd yinst lh8 ftjnd. The alm and of ' r••iJiirc•• AJI 5n¢omlThJ roswrces are In the Statement of A)ancial Acllvrfios vth&n the company 18 kgomy entttted to tho knc4xna And tho 8mwnt can b• w•ntitsJ r•8sonable accurary. attritKrted to kwtiujlar aclMts88 IW have b8on 8U¢x8t•J b.$ cn$tnt with the usa ol the resources. rhead$ ¥ThJ otrer 8aLryries 81thaled behve6n th¥ expense heedlng$ on obl•Jatknn commitllng ¢haiity to Ihe e¥p8rKIth. &Jpport costs are1ITh8 IrK#Jrr&l supF4xt of oxpenditure th• obJe¢ts ofthe Chartty atM18fy tocat8d cm tho of trt•l dwritabl• wvernarrfx c¥)sts. Governat o)sts are Ih)se Irld tn rylh abl1j the Charlty to (x)mKty •xtemal regulaticffl, omtitiknl and statry rnqL#remenls aThJ kn pmviding support lo th 13
CHARISIIATIC RENEWAL MIML8TRES NOTES TO THE AccoiINrs For thg y•w•nd•d 31 D0m220 AccouimMG POUCES (coiifwiuED) 1.5 O•procl•tlon Dweciat thè rats8 and bo$48 to r&Juce by annual in81almenl8, th8 (x&sI eslwnated vako. of laryb over the e511mat8d u8eful live8.' FumNure and EqL1pTr 8nt & Machir 25% strawJht line 2S% straW U 1.8vAT Th• drity 08 knVAT•h118 expen868 w• infiatsd by VAT whlcl) cannot roged. 1.7 FO9n ¢uTh•ncl•8 Tr8nstion3 In I(Ke ar• r•(rdj at thg ralo rulkvJ ot ts lat• of thts tranSth)n. Mtsn•tsry 888ets and Ilabllths dIninth1 h) rIenC6 ara tr8n$lated at the rats of •xdww fuling at th• b818nc sheet date. Al d6fforence6 grg taken to tho IncAJma and 0XF¢ndre acwunl Rentals pak1 Lmdar operaling 1&08os 8rn ¢haW to KAimg stratht lo l)a8lB over tha 14
NOTES TO THEA¢¢OUPI For the 2 DONAT1014S INCOIIE Total 2019 35.802 Charge for the ypar Total 2019 2021) chh eosts Rgnt arJ Hall HiTe 1.036 14,779 5.530 5,841 6,877 General Offic6 m8na9thnant Prfnts'ng stst)n8ry and £1898 3.397 1.347 876 278 4.744 954 RovN81 & omts Oon81kn8 4.201 Totsl 28.974
IIOTES TO THEA¢¢OUPIts F•rth• GoVERNcE COSTS T¢ital 2019 Prkrf ¥dJusbwt: 2018 kn1)tsrw f•• w•s a (kThtion Clwty O NET MOVEMEMT IM FUNDS FOR THE YEAR T1 net movement in fund5 fcrf th8 ypar slatod tsrt*rwJ.' Totsl Totsl 2019 Durfng tho or, no Tnffjt888 recdv&J any rnmungralb)n. Durlrvd fftr. r TnMle85 1¥1 any klThl. 6 8TAFF COST8 AMD NiIMBERS 16
KY>TES TO THÉ A¢couKrs Forth• TANGIBLE FIXED A&8Ers 8 DEBTOR8 2020 2019 15,540 15.540 14,921 14.921 g CREDITORS: tslllng ¥ffllthln on• y••r 2019 17
CHARISMATIC RENEWAL M11418TRES NOTE8 TO THE ACCOUNT8 For tho *r •nd•d 31 Dècember 2020 10 IAOVEMENT IN FUNDS UNRESTRICTED FUNI)S Transf•rn Cirrlod forward fund• G&n•Tal furbj D•slgnatsO fund•'. Fixed assols lund 38.621 37.9TI 20A36 55,762 38.621 37.977 20,836 55.762 G•n•r•l fuThd• Fund$ availal)te are Suffic to wnlt tho (¥)nlinuo in 14)wxyi In t stth t8rm gi th8 oJntinLbed 8UPF#xi ¢y th• Mbar8.
CHARISIAATIC RENEW MIN IIOTES TO THE ACCOUtITS For tha •NJ•d 31 DK•rnb•r 2020 10 MOVEMENT IN FUNDS {CONTINUED) DESIGNATED FUNDS Thè fvnd TIl b8 reded by o¥w e(xmmlc Iwo of 8UMIAARY OF FUNDS Transforn Brought Incomlng R•8ources botwwn Fon¥ard r•sourC •xp•nd•d funds Carrled fo*ward LlnrnBtrfcted fund• 38,621 37.977 55,762 38.621 37.977 20,836 55,762
CHARISMATIC RENEWAL MWISTRIES NOTES TO THE Accoumrs For Ihe yoar endgd 31 Doewnbor 2020 11 MOVEMENT IN FUNDS UNRESTrICTED FUNDS Total Funds 2020 Funds 2020 Fund• 2020 Fixed assets Current assets Currgnt h'abilitl8s 56.262 56,262 55,762 55,762 OPERATING LWE coMMrrMENTS Long twm Ilabllltl•• Amounts fallry due after m(we than At the year end the charity had no ag8re8ate annual commltments TAXATION Th8 ch8r6ty * not ILqbbè tr> lax on bts ¢hwitabl8 grants, donations or fea wK*)m8 eamed in the course of Its charflat4e tlIes. so low 88 the ineome is for the of tts dwlt8b aim& 20