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 T￿Jste￿ confirni that the annual report and financial stsl8ments of the ￿rnp￿Y 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 In￿tee3 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. tra￿ed. equiptwd, 8clfvated and released to demonstrate the love of G(#1 fft the￿ familias and commuftrt￿ Ihwh pract￿1 t8athing frc*m the blb and applKallon of ts'blKal WNKiples. Th8 slrategi# used to meet Ihese oW*ves induded: l. We havg PrO￿ded a Sp4r1￿al 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 Offor￿1 by CRM 18 to everw regardless of thèir eduealkjnal bockground. In thls regard we act￿ety 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 i￿ld up c8p8utytO Carry out the Great Commiss￿n. Accordingty. the Charrty SUFWted MIS￿0￿ to Nlgerfa. and other parts of the ￿￿rI￿ through InVO￿oment 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 acti￿1￿8 for￿* on makirKJ avai18t4e free bible resources that makès it possible for Chri8Jans to be actwe in s8MrwJ the $8Vi(Kr Jesus ar¥J the county by law ab￿ary. In addstlon. wo provide publlc benefft throw those 8pe* way8.. Providlng an enabling en￿ronment th8 pracike of ch￿tranIty In a way thal gk*rfle8 Gtyj and blesses community. This Infomialk)n is made avalable, Irgv of charye. to déslr8s wrthout any restriction. Thr￿ our re80gTch 8TrJ ministy. Ihe in the Uniled KNwdom now has awallab￿. 8 woven melhcrfl through ￿th1¢h for 811 Chrisb8ns woductwely practKe their faith as pri98ts, instead of baing a dormant CHARISMATIC RENEWAL MINISTRIES TRUSTEES, REpoirr AIMS AND OBJECTIVES (CONTINUED) Chthmatic Renw41 Mini5tri8s UK, al80 relig¥8s *kne88 aTrJ financial hardshlp and promotes wd preseives g)Jd heath as insts)Jthd in Matthgw 25: 3146. We belwe that tNe practice of Christianity r8qurns that t¢ our brothers. keepers. W'rwJ to WQVKle Telief from pain and natural disasters is Part of (xjr re8mitilty. Wh In the under miew, we wo¥xled froe bibl8 re8(Wr￿ for all dbnts had need for sama. AJI our w¥icos 8re free to our dlani8 our web8rte. we provKle resour￿ free of chanJe. 2. Through FaceiM>)k & Y￿Tub￿. ￿ share toathky. 3. Through Women home outreach to ￿￿Kor￿orK￿ TA•ynen'8 thr tr￿ndShIp, o)unselling and teachlrvJ. 4. We organ15ed Corrferences, 8emlnarn re¥fval rna￿￿8 to meet the no#d$ of people In the communty vAth love L* Chiist. 5. Talent Str￿ h8lpirvJ the sYyJng p￿¢4@ *> ￿j￿tsfy tr￿1r tal8nts and d8N*h¥ IL 6. Chdstm88 carol évent for thg Communty. 7. Outreath to 89co￿lary s¢￿￿1 81th18nts to them oxcèl a(ademically, grow Spir1￿81 8. At varhJJ$ Ilmes. Char18m* rer*wal Kthni*Jies 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 beS￿d thrfft Vh￿ recaiw Ihem directy from ow service delivery. CHARISMATIC RENEWAL MINISTRIES TRUSTEES. REPORT FINANCIAL REVIEW Charitys statèm8nt offinan(aal ac*viOes fcf the Yo8r enrthrwJ 31 D￿nbor 2020 shchvs that we h8V trad8d sutt8sshJlly de3p*e 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 ￿ ir*g)np atove th& 10t￿ of tharttaJl8 acilvitlo8. so, the s￿b￿rtY ofthe ￿ga￿sat￿)n'S kgy memkn in the last f•v >wrs have contrbJW to sleady in the coming wrs. The Charit￿6 WKLYn8 was £37.9n Jwr eThJod 31 De(*mb8r2020 eomp8red lo £35,W2 In th• ar ended 31 c*cam￿ X119. The lotsl e￿￿j•t[￿ to £20,836 ftr the ￿r a￿19d 31 Dee8mbw 2020 cwared to £28.974 in thg to 31 t)eCem￿r 2019.Tho l￿d Lwl8rKe foN8rd ai 31 Decemtw 20￿ was £55.762 ojmpwed to £38.820 ￿ th& yaaf 31 DeC￿ntsr 2019. Thero war8 no rostrtted fvlnds to be carri&l forw8rd in 31 D￿erf￿r ￿20. Tho tull Statsm•nt ol Finanoal A¢b¥i11gs is set ojt cffl pago 11 of *xwn Prfncl l Fundl The principal fu￿15n9 souw for the c*aiity 15 by way of vc4un* Irwxffne through lthe arm1 R•••rv•s pollcy mmltmgnts. In%wlm•nl polky al￿ ￿lf0M￿n Our av818bb8 ro80w￿8 have tJ8on nood￿ cffi on ba818 ofan actfv• rn1￿. For INS reserv8 that wil bè invested irrto bJildirvJ ac%#)n￿. IB revIew￿j rogu￿ty. PLANS FOR THE FimJRE Th& charity plans to C￿nbDu1ng the aclylts otrtlned atv49 In fv fulhcomlThJ su¥e(a to 88llslactoryfvndirvJ arrnrwJ¢nRnts. These are Spear￿ ￿T￿n￿rkS 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 prO￿e to 8(xne kol charflies. 8. Expan(IrvJ (wr T*nl 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 8s8￿latIorts) 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 c*ffj. 5rnd on the board througF*￿t 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(￿1n￿LIa ￿￿KShIp and directh￿ 88 ￿uIred by W. to set dear obj.ecti￿. eSta￿lsh 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 Obligat￿n9 of Managwnont Committee members. . The main documènts whieh sat QLrt the operational framem1￿ for Ihe (tsity the Constitution . Rèsou￿1￿9 and thg cuffent fwwicial p)8Mion 88 let out In Iha latest wNlsh•d accourrts. . Futuro plans and Obj￿tIVeS of the charfty Itsell. The Management Committee has coThlucted a revi￿ of Iho major r￿kS 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 MIt￿at8 the risk k8 to improve our membership drNe and engagement Proc&Juro$ are in place lo ensure comrA￿n{¥ 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)pc*mbpf 2020 STATEMENT OF TRV5TC15' RESPONSIBILITIES The Tw*lev<.Irv rp5pM#thI. Nofviiinq the AnnvAI Reixxl Iho fw4mcl81 slaiemenls kn a¢sAd*nc• Wfflh qtyilr47blo IEIW iiiMI ￿9￿71￿￿15 The LIM'.Ikwl￿jt￿6 io d￿ntIes Ki England and Wale5. the chari1￿9 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 All*rs ol Ihe charffti and c4 inrThiing ￿TCe$ application ol resou￿e$ ol ihe choity kn Ihal peilo¢l. In ttwe slaRments. lh8 Tn￿ee5 afe r•yJiFed to: seleu sUrt* a￿Oun117g 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 u￿888 il is inapproprfate lo preswn8 Ihal Ihe ttbarity, ￿11 (x￿1￿)Ut rfi business. ac￿raCY ai any time the finanual t*)sit￿n 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 Trsppnst*b for saleguai To %thich, In my opirkn. aii¢nikn drawn in wder kn Onabbè a pw undw51￿dts￿ of ihe accounts lo te wched. R Musa For and on behall of '. EMI Consults"rvJ & Ac£X￿ntrn9 Ser¥k•s Ltd 7 Sedgerncor Dri¥e D￿enharn ES￿ RM10 7JL Date.. 27 Oct 2021 io CHPJOSMATrC RENEWAL 2019 INCOMING RESOURCES Donal￿5 37.977 35,802 TOT￿ INCOAIING RE80URCES 37.977 3S.802 RE8OUftCES Expe14DEO vanckng th• Ctr*Wlgn f8lth 20.838 28,974 TOTAL RE80URCE8 EXPENDED .974 NET INCOMWG RE80URCE8 BEFORE TRAMSFERS Trar￿lIT$ b•kn fvndB 17.141 8,828 NET MOVEthIENT WI FUNDS FOR ThE YEAR 17.141 6,828 Ti)tsl fvnd8 br(￿ht for*ard 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 St￿ard for Sm8118r Entities18ffth8 J8n 20151. The Practice ISORP}."A¢txwnlkny and by Ch*iiw' revlBed kn 2015 and ap￿ICable jnti￿ standards. 1.2 Fund ¥ccountlThg G•ner81 fvrmls are unretsic*d fijnds are avalai48 fc*u80 at the dlsuotk)n of tho Trustoes in fvrth8ranch ofth8 014￿*￿ crflh? c&Ynpany and hwg WKI beon Design8t•d fuThJs cgJmt¥*e unre81￿ted fvrbJ8 Ihai have b89n 8et as*lo 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 r*l8lng and administèftrg ￿r￿A6 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￿.$ c￿n￿$t￿nt with the usa ol the resources. ￿rhead$ ¥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. Governa￿t o)sts are Ih)se Ir￿l￿d tn *rylh ￿abl1￿j the Charlty to (x)mKty •xtemal regulaticffl, omtitiknl and sta￿tr￿y rnqL#remenls aThJ kn pmviding support lo th 13 CHARISIIATIC RENEWAL MIML8TRES NOTES TO THE AccoiINrs For thg y•w•nd•d 31 D0￿m￿2￿20 AccouimMG POUCES (coiifwiuED) 1.5 O•procl•tlon D*weciat￿ thè rats8 and bo$48 to r&Juce by annual in81almenl8, th8 (x&sI eslwnated vako. of laryb￿ over the e511mat8d u8eful live8.' FumNure and EqL1pTr￿ 8nt & Machir 25% strawJht line 2S% straW U 1.8vAT Th• d￿rity 08 knVAT•h118 expen868 w• infiatsd by VAT whlcl) cannot ￿ rog￿ed. 1.7 FO￿9n ¢uTh•ncl•8 Tr8ns*tion3 In I(Ke￿ ar• r•(r￿d￿j at thg ralo rulkvJ ot ts lat• of thts tranS￿th)n. Mtsn•tsry 888ets and Ilabllths dI￿ninth1 h) ￿rIenC￿6 ara tr8n$lated at the rats of •xdww fuling at th• b818nc* sheet date. Al d6fforence6 grg taken to tho IncAJma and 0XF¢nd￿re 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) ch￿￿h eosts Rgnt ar*J 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• GoVERN￿cE 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)w*xyi 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 red￿ed 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 ￿t￿lIes. so low 88 the ineome is for the of tts dwlt8b aim& 20