Renewal Churches Trust (A company limited by guarantse) Reg.No. 04909950 End of Year Financial Statements Year ending 31 December 2023 Renewal Churches Trust (A corTpany limited by guarantee) Report and Accounts Contsnts Company Information Trustees, Report Statement of Financial Activities Balance Sheet Page Notes to the Accounts Independent Examinerfs Report 12 Renewal Churches Trust (A company limited by guarantee) Company Inforniation: Directors l Trustees". Mr G Wnfield- Chair MrPHSmart Mrs J M Smart Mr M G Waller Mrs E J Waller Mrs C J Wnfield Secretary: MrPHSmart Company Number. 04909950 Chaiity Number. 1102944 Registered Office: 5 Femholt Tonbridge Kent TN10 3RH Bankers: Bardays Bank plc 73-75 Calverley Road Tunbridge Wells Kent TN12UZ Solicitors: Lawson Lewis & Co 11 Hyde Gardens Eastboume East Sussex TN17 3HF Independent Examiner. S L Phillips 11 Chatsworth Road Lytham St Annes Lancashire Pf8 2JN Renewal Churches Trust (A (x)Thpany limited try guarantee) Trustees, Report for the year ended 31 December 2023 The Trustees present their report and aCc￿nts for the year ended 31 December 2023. Slructure. governance and management Renewal Churches Trust ￿ds established in 2003 as a Company limited by guarantee and registered Charity govemed by its Memixandwn aThJ Artides of Associaticm. Trustees are appointed by the majority of the Trustees in accordance wilh the Trusys consbtution. The Trust is a Christian f￿ndatIOn and therefo￿ expects Trustees to be c(xnmitted to the advarKement of the Christs'an religion. The Trustees meet at aFpfDFYiate intervals to administer the Charity. Trustees The Trustees seNed during the year We￿ as follows: Mr G Wnfield- Chair MrPHSmart Mrs J M Smart Mrm G Waller Mrs E J Waller Mrs C J Wnfield Rlsk Management The Trustees have idorrtrf￿d the major risks which the Charity faces arKI consider that all necessary action has been taken to manage those risks. Objedives and Adlvftles The obie(Xives of the Chty as Stated in its mern(x￿ and Artid8s of AssociatiM are to advance th? Clyistian r*K>n aThJ tho P￿lIC urMJwstarKfirvJ of the Christian religion. The Trustees have sought to wrsue tr￿Se 0￿8cliVeS wimarily Ihrough Ihe maintenance arKI development of a Chn'sb'an Church in Tonbridge, Kent. In setting *'ec*ives arKI planning activitses, ts TNst805 have given considoration to the 98neral guidance wblish￿l by the Chwilios CL¥nmissKm rBlatirvJ to ￿kn11¢ bw Financlal revkn and rM•rves pollcy Incomirvj resources for the year V•ere £47,758 (2022: £46,68n. Resources experKled totalled £46.292 (2022: £46.904). At the end of ￿ period the Charity h￿1 (8$￿eS of £31,978. The Trustees revithv Management Acc¢yJnts ￿ a regLAar basis. Renewal Churches Trust (A company Iimiled by guarantee) Achievements and pwfonnance for the public benefit River Church hdds various meetings thrwgh(xrt the week both in pers(m aTKI ￿line via zo(xn provKling teaching. equipping. arKI enc￿ragement on various aspects of Christian living. as we seek to live oth (xjr mission and vision lo impact the IC￿al community, region, county and beyond with the transf(Thing love of God. releasing His Presence to bring about ref are respx)nsible for preparing the Trustees Report and acc(xJnts in accordance Nmth applicable law arKI United Kingdom Accounts"ng Standards (United Kingdom Generally Accepted Accounting Practice). Company and charity ￿ul￿S the Trustees to prepare accounts for each financial year which give a true fair view of the state of affairs of the Charitable Company and ￿ its incoming resources and application of resources of the charitable company that period. In preparing those accounts. the Trustees we required to: Select suitable accounting policies and then to apply them consistently Observe the methcxjs and principles in the Chariti'es SORP Make judgements and esb"mates which are reasonable and prudent P￿pa￿ the accwnts on the going concem basis unless it is inapw>priate to esume that the charitable company will confj'nue in business Small company provisions This reFMXt has been prepared in accordance wth Ihe provision in Part 15 of the Companies Act 20(￿ applicable to companies subject to the small companies regime. This reP￿t ￿a5 appr(wed by the Trustees Gthsr 2024 and signed on their behdf by Guy Winf*ld Directorffrustee Renewal Churches Trust (A company limited by guarantee) STATEMENT OF HNANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2023 Unrestricted Restricted 2023 2023 Total 2023 Total 2022 Notes Income Income from donations Donations 47,460 47,460 46.659 Income from Investments Interest re￿iVed 298 298 28 Totsi Income 47,758 47.758 46.687 endlture Charltable acthiitles 46,292 46.292 Bad debt Totsi Expendlture 46,292 46.292 46,904 Net Inctyne / (expendlture) 1,466 1.466 (217) Totsi funds brou8ht 30.512 30,512 30,729 Ti)tsl luNts carrfed forward 31,978 31,978 30,512 All of the results relate to continuing adivities. The notes ¢)n pages 9 to 11 form part d these fin￿Cial statements. Renewal Churches Trust (A cornpany limrted by guarantee) BALANCE SHEEf YEAR ENDING 31 DECEMBER 2023 Notes Unrestrirted Restricted nds funds 2023 Total 2022 Total FIXED ASSErs CURREMf ASSETS Stock Debtors Bank Cash I Cheques 32,158 177 32,335 32,158 177 32,335 30,908 216 31,124 CURREMf LIABILmE5 Creditors: Falling due within l year Other Creditors 102 255 357 102 255 357 357 255 612 NEf CURRENT ASSErs 31,978 31,978 30,512 TOTAL ASSETS LESS aJRREPlf UABiufiES 31.978 31,978 30.512 31,978 31,978 30,512 The Trustees consider that the charitable company is entitled to exemption from the requirement to obtsin an audit under Section 477 of the Companies Act 2(￿. The members not required the charitable ccxnpany to obtsin an audit in accordance secti￿ 476 of the Act The TrusteeslDirectcYs th(mI￿1ge their responsibilities for complying with the requirements of the Companies Ad 20[￿ with respect to accounting rec(xds and the preparation of The TrusteesDlr8oors ackn￿￿edge their responslbilities for preparing accourrts whlch give a true arKI fair VI￿ of the state of the company at the erKI of the financial year and of its surplus or deficit for the financial year, in accordance with the requirements of Section 303 and which otherwise comply with ts requirements of the Companies Acl relaling to accounts, so f¥ as applicable to the charitable company. These accwrts have been PrePar￿j in a¢xordance wth the provisions applicable to small ccxnpanies subject to the small companies regime and in accordance with FRS102 SORP. Approved by t￿ Trustee¥ on: 2024 Signod: Guy Winfield (Dlrectorffrustee) Mlchael Waller (DlrectortTrustse) Renewal Churches Trust (A o)nwany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS- YEAR ENDED 31 DECEMBER 2023 1. ACCOUNTING POUCIES Basi5 of preparntion The financial statements have been PrePa￿d in accordance with Accounting and RepLYts'ng by Charrties: Ststement of Recommended Practice applicable to chanties eparing their acc(xmts in accordance wth the F￿anCIal RwtirYJ Standard applicable in the UK arKI Rewblic of Ireland (FRS 102) - (Charities SORP {FRS102)) and the C￿nPanieS Acl 2CTh. Fund accounling Unresth'cted furKls are available for use at the discretion of the Tnjstees in fijrtherance of the general obj￿tiveS of the chanty. Restricted funds can only be used for sperjfic wrpose5. Income All incoming reS￿rCeS are included in the Statement of Financial Activities when the charty is legally entitled to the income and the amount can be quantsfied with reas(￿able &curacy. Resources experKled are induded in the Ststement of Financial Activities on an cruals basis indusive of any VAT which cannot be recovered. Charitable aCtivi￿s irKI￿e expendrture on gifts to Christsan causes and church athivities. Govemar costs (Accourrtary & Professional Fees) include those incurred in the governa￿e of the charty and are wmarily associated with consts'tiJtional and statrrtory reqU1￿ments. Z ANALYSIS OF INCOME Unrestrfrtd Ratrlcted 2023 2023 Totsi Z023 Totsi 2022 offen￿5/DonatiOnS Regular Givln8 Stewardshlp Glft Ald Returns Café Comma Other 15,432 20,920 2.789 6.172 1,952 493 47.758 15,432 20,920 2,789 6,172 1,952 493 47.758 14.394 21.035 3.068 6.105 2.057 28 46.687 Renewal Churches Trust (A company limited by guaranteey Unrestrlcted Restrlcted 2023 2023 Total 2023 Total 2022 3. ANALYSIS OF EXPENSES GlftslDonations Resources costs The Glft . Supplies Supplles / Equlpment General Café Comma HospftaSrty Guests Hospitality General Staff Wages (Gross) Staff Wages (Net) Pension Contributions Employer Employer Tax / NIC Hire Hall Costs offi￿ Storage Costs Mileage / Travel Costs Networking & Support Refreshments Church Refreshments Telephone ststionery Comwter / Websits / AV Accountancy / Bookkeeping Professional Fees Bank Charges Credit Charges De￿e¢latIon Insurance Resources l Teachlng Materlals Tralning 5,182 5, 182 5,997 35 367 1,278 47 468 35 367 1,278 47 468 182 874 1,383 188 29,247 1,390 2.306 2.219 660 750 29,247 1,390 2.306 2.219 660 750 28,589 1,371 2,637 1,719 660 328 169 51 556 108 478 169 51 556 108 478 201 339 ioi S08 289 254 360 283 254 360 283 320 265 859 46.292 46,292 46,904 4. FUND MOVEMENTS Brought Forward Income Expenditure l Bad Debt Transfers Carrled Forward Fund Unrestrlcted funds 30,512 47,758 46,292 31,978 Restrlcted funds Total 30.512 47,758 46,292 31,978 5. DEBTORSIBAD DEBT NIA 10 Renewal Churches Trust (A company limited by guarantee) 6. BANK This is the total of the current account and business prerni￿n account as at 31 December 2023. Current account £540.75 and business premium account £31,617.91. 7. CASHICHEQUES Cash not banked I retained as a float for Café Comma £177.53. 8. CREDITORS 2023 figures: £101.99 {8arclaycard) 9. OTHER CREDITORS This fyure has been carried forward since 2015 and there is no infomiation in past accounts detsiling its origin. 11 Renewal Churches Trust (A conwany limited by guarantee) Indepondent examlnerf8 report to the trustees of Renewal Churches Tru8t I rep￿ to the trustees on my examination of the accounts ol the Renew81 Churches Trust for the yew orKl8d 31" Docamber 2023. Responsibllltles and basls rf rnport As the charity trustees you are responslble for the preparatlon of Ihe accounts In accordance with the requir8ments d the Charities Act 2011 ('the Act,). I rep(#l in respect of my examination of tho Foundalion's accounts carried out under section 145 of th8 2011 Act arKI in carrying out my examination I have follNed all of the applicable Directions given by the Charity Commission under section 1495)(b) of the ACL I have completed my examinats'on. I confim thal no material matters have come to my Attenti￿ in connection with the examination vknich gives me cause to believe that in, any materi81 respecL the accounting recfflls ￿re not kept in accordance secticm 130 of the Charities Act; or accounts did rK)t accord ￿￿th the accounting records; or the accounts did not comply with the applicable requirements conceming the fomi and content of acC￿ntS set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter ¢￿sIdered as part of an independent examinab'on. I have no C1￿ComS and have come across other mattws in conneclion with the examination to vthich attentK>n should be drawn in this report in order to enable a proper understanding of the acc￿nts to be reached. S P&££& S L Phillips Independent Consultant 12