2020-12-31-accounts - Renewal Church

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Contents
			Page
Charity Reference and	Administrative	Details
Trustees' Annual Report			2-10
Independent Auditor's	Report		11-13
Statement of Financial	Activities		14-15
Balance Sheet			16-17
Statement ofCash Flows			18
Notes to the Financial	Statements		19-31

GROUP
					2020		2019
				Unrestricted	Restricted
				funds	funds	Total	Total
			Note
Income and	endowments	from:
Donations and legacies			2	1,205,832	165,833	1,371,665	1,413,103
Conference	Centre &Coffee Shop		3	73,910	-	73,910	237,655
Other trading	activities		4	148,470		148,470	56,453
Investments				241		241	176
Total income and endowments				1,428,453	165,833	1,594,286	1,707,387
Expenditure	on:
Conference	Centre 8 Coffee Shop		5	147,360		147,360	249,956
Charitable activities			6	1,337,968	61,514	1,399,482	1,351,492
Governance	Costs		7	105,986	-	105,986	101,531
Total expenditure				1,591,314	61,514	1,652,828	1,702,979
Net income	I(expenditure)			(162,861)	104,319	(58,542)	4,408
Reconciliation offunds:
Total funds	brought forward			8,181,887	234,485	8,416,372	8,411,964
Total funds	carried forward			8,019,026	338,804	8,357,830	8,416,372

Year Ended 31 Decembe	r 2020
CHARITY			2020		2019
		Unrestricted funds	Restricted
			funds	Total	Total
Income and endowments	from:
Donations and legacies		1,205,832	165,833	1,371,665	1,413,103
Other trading activities		148,470		148,470	56,453
Investments		241		241	176
Total income and endowments		1,354,543	165,833	1,520,376	1,469,732
Expenditure on:
Charitable activities		1,337,966	61,514	1,489,480	1,351,492
Governance Costs		105,986		105,986	101,531
Total expenditure		1,533,952	61,514	1,595,466	1,453,023
Net income I(expenditure)		(179,410)	104,319	(75,091)	16,709
Reconciliation offunds:
Total funds brought forward		8,275,332	234,485	8,432,657	8,415,948
Total funds carried forward		8,018,762	338,804	8,357,566	8,432,657

Balance Sheet	Balance Sheet	Balance Sheet
Year Ended 31 December 2020
GROUP				2020	2019
			Note
Fixed assets
Tangible assets			13	8,016,977	8,061,133
				8,016,977	8,061,133
Current assets
Debtors and Prepayments			15	88,238	95,479
Cash at bank and in	hand			773,128	585,811
				861,366	681,290
Creditors: amounts	falling	due within one year	16	(520,513)	(326,051)
Net current assets				340,853	355,239
Total assets less current		liabilities		8,357,830	8,416,372
Creditors: amounts	falling	due after more than one year
Net assets				8,357,830	8,416,372
Charity Funds
Restricted funds			17	338,804	234,485
Revaluation Reserve			18	1,175,126	1,175,126
Unrestricted funds			18	6,843,900	7,006,761
Total charity funds			18	8,357,830	8,416,372

CHARITY				2020	2019
			Note	F	E
Fixed assets
Tangible assets			14	7,971,753	8,006,663
Investments				60,000	150,000
				8,031,753	8,156,663
Current assets
Debtors and Prepayments			15	86,542	67,554
Cash at bank and in	hand			747,742	504,904
				834,284	572,458
Creditors: amounts	falling	due within one year	16	(508,471)	(296,464)
Net current assets I(liabilities)				325,813	275,994
Total assets less current		liabilities		8,357,566	8,432,657
Creditors: amounts	falling	due after more than one year
Net assets I (liabilities)				8,357,566	8,432,657
Charity Funds
Restricted funds			17	338,804	234,485
Revaluation Reserve			18	1,175,126	1,175,126
Unrestricted funds			18	6,843,636	7,023,046
Total charity funds I(deficit)			18	8,357,566	8,432,657

Renewal Christian Centre
Statement ofCash Flows
Year Ended 31 December		2020
				2020	2019
			Note
Cash flow from operating activities			20	199,087	127,624
Net cash flow from operating		activities		199,087	127,624
Cash flow from investing activities
Payments to acquire tangible	fixed assets			(12,010)	(88,757)
Receipts from sales oftangible		fixed assets			2,499
Interest received				240	176
Net cash flow from investing		activities		(11,770)	(91,080)
Cash flow from financing activities
Repayment of long term loans
Interest paid
Net cash flow from financing		activities		(11,770)	(91,080)
Net increase I(decrease) in		cash and cash equivalents		187,317	36,544
Cash and cash equivalents	at 31 December 2019			585,811	549,267
Cash and cash equivalents		at 31 December 2020		773,128	585,811
Cash and cash equivalents		consists of:
Cash at bank and in hand				773,128	585,811
Cash and cash equivalents		at 31 December 2020		773,128	585,811

estimated residual value, ofe	ach asset on a systematic bas	is over
Freehold buildings	Not provided
Computer equipment	33%on cost
Equipment	10%on cost
Fixtures and fittings	10%on cost
Motor vehicles	20% on the reducing	balance

Income from donations and legacies
	2020	2019
	F
Gift Aid	876,848	850,332
Other Tithes and Offerings	139,996	249,545
Income Tax repayments	255,790	213,941
Vision		15,000
For the Future		77,828
Grant funding	99,031	6,457
	1,371,665	1,413,103

Conference	Centre and Coffee Shop
		2020	2019
Conference	Centre Income	24,401	113,744
Coffee Shop		20,338	95,658
Family Centre Room Hire		5,768	28,253
Grant Income		23,403
		73,910	237,655

Income from other trading activities
	2020	2019
Special Events Income		3,163
Ministries Ladies/Mens/Power	143,304	28,750
Young People	3,355	15,518
Family Centre	1,811	9,022
	148,470	56,453

Conference Centre	and Coffee Shop Costs
		2020	2019
		E
Property —Repairs	and maintenance	925	1,766
Coffee Shop		8,453	34,179
Catering		6,002	27,316
Salaries		91,983	140,435
Consumables		1,160	2,975
Hire of Equipment		2,458	6,734
Postage, Stationery	and Advertising	2,468	833
Web Page, Internet	and Computer expenses	7,539	8,009
Staff Training		539	2,031
Bad Debt		210
Bank Charges		276	1,615
Commission			92
Sundry Expenses		13
Motor Expenses			56
Legal fees			3,551
VAT Provision		8,813	5,866
Depreciation —Fixtures and Fittings		9,246	9,648
		140,085	245,106

Analysis ofexp	enditure	on charitable	activities
			Grant funding of	support costs	2020	2019
			activities
			E.
Property —repairs and maintenance			37,878		37,878	85,973
Catering			6,427		6,427	11,330
Salaries			258,142	340,582	598,724	525,022
Licences			11,830		11,830	8,282
Media Department			13,943		13,943	10,262
Renewal Global			131,469		131,469	124,615
Pastoral Care			2,446		2,446	4,565
Free Methodists	UK		23,164		23,164	24,249
Youth			8,434		8,434	21,775
Children			2,871		2,871	7,642
Travelling			1,701		1,701	6,077
Training and Courses			6,829		6,829	35,111
Special Events			20,449		20,449	40,641
Visiting Speakers			25,528		25,528	5,888
Other Ministries			177,521		177,521	124,474
Legal 8 professional			75,000		75,000
Household and cleaning			67,908	3,574	71,482	96,711
Rates and Water			3,923	206	4,129	5,331
Insurance			15,772		15,772	16,686
Light and Heat			41,125	2,164	43,289	55,152
Hire of Premises			13,827		13,827	48,457
Family Centre			359		359	4,445
Web Page and Internet			5,670		5,670	8,242
Depreciation —Fixtures and fittings			35,461		35,461	22,289
Depreciation —Motor Vehicles			698		698	873
Hire of Equipment				13,149	13,149	14,178
Telephone				16,175	16,175	15,211
Post and Stationery				12,005	12,005	11,940
Depreciation —Equipment				2,708	2,708	2,054
Sundry						1,470
Depreciation —Computer		equipment		8,054	8,054	4,494
Loss on disposal	offixed	assets				8,689
Bank Charges and Interest				12,490	12,490	6,864
			912,586	486,896	1,399,482	1,358,992

7	Governance		costs
								2020	2019
	Salaries							89,985	81,499
	Accountancy							7,949	6,987
	Auditors Fees							6,500	6,000
	Professional	Fees						8,827	4,394
								113,261	98,880
8	Net income	/	(expenditure)		for the	year
	Net income	/ (expenditure)			is stated	after charging	/ (crediting):
								2020	2019
	Depreciation	oftangible		fixed assets				56,167	39,358
	Loss / (gain)	on disposal		of	tangible	fixed assets			8,689

The averag follows:	e monthly number of em	ployees and full time equiva	lent (F	TE)	during the y	ear was a
		2020	2020		2019	2019
		Number	FTE		Number	FTE
Raising funds		10		7	26	11
Charitable	activities	41		28	36	23
Governance		3		3	4	3
		54		38	66	37

The total staff costs	and employee benefits were as foll	ows:
		2020	2019
			F
Wages and salaries		787,950	722,403
Social security		55,438	74,207
Defined contribution	pension costs	33,489	29,068
		876,877	825,678

		2020	2019
		Number	Number
	F60,001 - F70,000
12	Fixed asset investments
		2020	2019
		f.	F
	Investments	60,000	150,000
		60,000	150,000

Tangible fixed assets -	G	roup
		Freehold	Equipment		Fixtures and		Computer			Motor
		Property			fittings		equipment			vehicles	Total
											F
Cost or valuation:
At 1 January 2020		7,775,000	23,300		442,544		19,163			10,655	8,270,662
Additions			3,775					8,235			12,010
Disposals
Revaluation
At 31 December 2020		7,775,000	27,075		442,544			27,398		10,655	8,282,672
Depreciation:
At 1 January 2020 Charge for the year			4,824 2,708		189,152 43,796			8,387 8965		7,165 698	209,528 56167
Eliminated on disposals
At 31 December 2020			7,532		232,948			17,352		7,863	265,695
Net book value:
At 31 December 2020		7,775,000	19,543		209,596			10,046		2,792	8,016,977
At 31 December 2019		7,775,000	18,476		255,043			9,124		3,490	8,061,133
The net book value of land		and buildings	comprised:
										2020	2019
											F
Land and buildings: Freehold									7,775,000		7,775,000
The historic cost equivalent		of land and	buildings	included		at valuation		are	as follows:
										2020	2019
									Land and		Land and
									buildings		buildings
										f000	2000
Cost									6,599,874		6,599,874
Accumulated impairment	losses
Accumulated depreciation
Net book value									6,599,874		6,599,874

Ended 31 December Tangible fixed assets -	2020 Charity
	Freehold	Equipment	Fixtures and	Computer	Motor
	Property		fittings	equipment	vehicles	Total
Cost or valuation:
At 1 January 2020	7,775,000	23,300	354,593	16,402	10,655	8,179,950
Additions		3,775		8,235		12,010
Disposals
Revaluation
At 31 December 2020	7,775,000	27,075	235,593	24,637	10,655	8,191,959
Depreciation:
At 1 January 2020		4,824	154,019	7,278	7,165	173,286
Charge for the year		2,708	35,461	8,054	698	46,921
Disposals
At 31 December 2020		7,532	189,480	15,332	7,863	220,207
Net book value:
At 31 December 2020	7,775,000	19,543	165,113	9,305	2,792	7,971,753
At 31 December 2019	7,775,000	18,476	200,574	9,124	3,490	8,006,664

Debtors
	GROUP		CHARITY
	2020	2019	2020	2019
	F		E	E
Trade debtors	40,954	49,564	40,258	22,289
Other debtors	285	405	285	405
Stock		650
Prepayments	46,999	44,860	46,999	44,860
	88,238	95,479	86,542	67,554

	GROUP		CHARITY	CHARITY
	2020	2019	2020	2019
			f.
Trade Creditors	40,021	31,548	39,453	30,030
Social Security 8 Other taxes Other creditors	26,747 394,545	23,152 247,787	14,268 403,500	12,878 237,627
Accrued Expenses	59,200	23,563	51,250	15,929
	520,513	326,050	508,471	296,464

			Unrestdcted funds	Revaluation	Restncted funds
				Reserve		Total
Fixed	assets		6,931,852	1,175,125		8,016,977
Cash	and current assets		522,562		338,804	861,366
Other	current	liabilities	(520,513)			(520,513)
Total			6,933,901	1,175,125	338,804	8,357,830

harity	Analys	is of net assets betw	een funds
			Unrestricted funds	Revaluation	Restricted funds
				Reserve		Totalf
Fixed	assets		6,856,628	1,175,125		8,031,753
Cash	and current assets		495,480		338,804	834,284
Other	current	liabilities	(508,471)			(508,471)
Total			6,843,637	1,175,125	338,804	8,357,566

								2020		2019
								f		f
	At the reporting end date the company		had	outstanding		commitments	for future	minimum	lease	payments
	under non-cancellable operating	leases,	as follows:
								(36,683)		(49,619)
20	Reconciliation of net income /(expenditure)				to net	cash flow	from operating activities
								2020f		2019
	Net income / (expenditure) for year							(58,542)		4,407
	Interest receivable							(241)		(176)
	Interest payable Depreciation and impairment oftangible Profit disposal oftangible fixed assets Increase in debtors			fixed	assets			56,167 7,240		39,358 8,689 (17,371)
	Increase in creditors							194,462		92,716
	Net cash flow from operating	activities						199,087		127,624
					31

					GROUP	GROUP	CHARITY	CHARITY
					2020	2019	2020	2019
Carrying amount Debt instruments		offinancial measured at	assets amortised	cost	41,239	50,619	39,543	22,694
Carrying	amount	offinancial	liabilities
Measured	at amortised cost				493,766	302,899	494,203	283,586