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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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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||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|
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||||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|
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|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|
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|||||||||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||||||
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||||||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|
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