2021-12-31-accounts - Renewal Church

Raising funds

Charitable

activities

Governance

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Contents
			Page
Charity Reference and	Administrative	Details
Trustees' Annual Report			2-9
Independent Auditor's	Report		10-12
Statement of Financial	Activities		13-14
Balance Sheet			15-16
Statement ofCash Flows			17-18
Notes to the Financial	Statements		19-35

Renewal is part ofthe	Free Methodist Ch	urch UK denomination.
As at 31stDecember	2021, the Trustees	and Elders were:
Jonny Lee	(Senior Minister,	Elder and Chair ofTrustees),
Niall Cluley	(Elder and Trustee)
Neil Guy	(Elder)
Kevin Thomas	(Elder)
Harriet Vera	(Elder)
Cheron Byfield	(Trustee)
Matthew Douglas	(Trustee)
Keisha Eve	(Trustee)
Dean Smith	(Trustee)

GROUP
						2021		2020
					Unrestdcted	Restricted
					funds	funds	Total	Total
				Note			F
Income and	endowments		from:
Donations and legacies				3	1,094,109	137,150	1,231,259	1,371,665
Conference	Centre	8 Coffee Shop		4	42,720	-	42,720	73,910
Other trading	activities			5	220,852		220,852	148,470
Investments					155		155	241
Total income and		endowments			1,357,836	137,150	1,494,986	1,594,286
Expenditure	on:
Conference	Centre	8 Coffee Shop		6	15,937		15,937	140,085
Charitable activities				7	1,278,287	108,290	1,386,577	1,399,482
Governance	Costs			8	111,099	-	111,099	113,261
Total expenditure					1,405,323	108,290	1,513,613	1,652,828
Net income	I(expenditure)				(47,487)	28,860	(18,627)	(58,542)
Reconciliation offunds:
Total funds brought		forward			8,019,026	338,804	8,357,830	8,416,372
Total funds	carried forward				7,971,539	367,664	8,339,203	8,357,830

ear Ended	31 December	2021
CHARITY					2021		2020
			NOte	Unrestricted funds	Restricted
					funds	Total	Total
						F
Income and	endowments	from:
Donations and legacies				1,094,109	137,150	1,231,259	1,371,665
Other trading	activities			220,852		220,852	148,470
Investments				155		155	241
Total income and endowments				1,315,116	137,150	1,452,266	1,520,376
Expenditure	on:
Charitable activities				1,255,287	108,290	1,363,577	1,489,481
Governance	Costs			106,991		106,991	105,986
Total expenditure				1,362,278	108,290	1,470,568	1,595,467
Net income	I(expenditure)			(47,162)	28,860	(18,302)	(75,091)
Reconciliation offunds:
Total funds brought forward				8,018,762	338,804	8,357,566	8,432,657
Total funds	carried forward			7,971,600	367,664	8,339,264	8,357,566

Year Ended 31 D	e	cembe	r 2021
GROUP					2021	2020
				Note		F
Fixed assets
Tangible assets				14	7,987,686	8,016,977
					7,987,686	8,016,977
Current assets
Debtors and Prepayments				16	71,445	88,238
Cash at bank and	in	hand			772,211	773,128
					843,656	861,366
Creditors: amounts		falling	due within one year	17	(492,139)	(520,513)
Net current assets					351,517	340,853
Total assets less	current		liabilities		8,339,203	8,357,830
Net assets					8,339,203	8,357,830
Charity Funds
Restricted funds				18	367,664	338,804
Revaluation Reserve				19	1,175,126	1,175,126
Unrestricted funds				19	6,796,413	6,843,900
Total charity funds				19	8,339,203	8,357,830

Year Ended 31 De	cembe	r 2021
CHARITY				2021	2020
			Note		F
Fixed assets
Tangible assets			15	7,951,514	7,971,753
Investments			13	83,000	60,000
				8,034,514	8,031,753
Current assets
Debtors and Prepayments			16	64,960	86,542
Cash at bank and in	hand			723,097	747,742
				788,057	834,284
Creditors: amounts	falling	due within one year	17	(483,307)	(508,471)
Net current assets	/ (liabilities)			304,750	325,813
Total assets less current		liabilities		8,339,264	8,357,566
Creditors: amounts	falling	due after more than one year
Net assets I(liabilities)				8,339,264	8,357,566
Charity Funds
Restricted funds			18	367,664	338,804
Revaluation Reserve			19	1,175,126	1,175,126
Unrestricted funds			19	6,796,474	6,843,636
Total charity funds	I(deficit)		18	8,339,264	8,357,566

Renewal Christian Centre
Statement ofCash Flows
Year Ended 31 December 2021
			2021	2020
GROUP		Note		f.
Cash flow from operating activities		21	28,784	199,087
Net cash flow from operating activities			28,784	199,087
Cash flow from investing activities
Payments to acquire tangible	fixed assets		(30,601)	(12,010)
Receipts from sales oftangible fixed assets			745
interest received			155	240
Net cash flow from investing	activities		(29,701)	(11,770)
Cash flow from financing activities
Repayment of long term loans
interest paid
Net cash flow from financing	activities		(29,701)	(11,770)
Net increase/(decrease) in	cash and cash equivalents		(917)	187,317
Cash and cash equivalents	at 31 December 2020		773,128	585,811
Cash and cash equivalents	at 31 December 2021		772,211	773,128
Cash and cash equivalents	consists of:
Cash at bank and in hand			772,211	773,128
Cash and cash equivalents	at 31 December 2021		772,211	773,128

					2021	2020
CHARITY				Note	E	E
Cash flow from operating	activities
Cash generated from operations				22	28,055	164,607
Cash flow from investing	activities
Payments to acquire tangible		fixed assets			(30,600)	(12,010)
Receipts from sales oftangible			fixed assets		745
Interest received					155	241
(Gain)/loss on investment					(23,000)	90,000
Net cash flow from investing			activities		(52,700)	78,231
Cash flow from financing	activities
Net cash flow from financing			activities		(24,6454)	242,838
Net increase / (decrease)	in	cash and cash equivalents			(24,645)	242,838
Cash and cash equivalents		at	31 December 2020		747,742	504,904
Cash and cash equivalents		at	31 December 2021		723,097	747,742
Cash and cash equivalents		consists of:
Cash at bank and in hand					723,097	747,742
Cash and cash equivalents		at	31 December 2021		723,097	747,742

ncome from donations and legacies
	2021	2020
	E
Gift Aid	818,316	876,848
Other Tithes and Offerings	108,484	139,996
Income Tax repayments	220,867	255,790
Vision	45,892
Grant funding	37,700	99,031
	1,231,259	1,371,665

onference	Centre and Coffee Shop
		2021	2020
		F
Conference	Centre Income	32,887	24,401
Coffee Shop		1,226	20,338
Family Centre Room Hire		8,607	5,768
Grant Income			23,403
		42,720	73,910

ncome fr	om other trading activities
		2021	2020
			F
Ministries	Ladies/Mens/Power	198,281	143,304
Young People		22,571	3,355
Family Centre			1,811
		220,852	148,470

Conference Centre	and Coffee Sh	op Costs
			2021	2020
			E
Property —Repairs	and maintenance			925
Coffee Shop				8,453
Catering			1,354	6,002
Salaries			86	91,983
Cons umables				1,160
Hire of Equipment			798	2,458
Postage, Stationery	and Advertising			2,468
Web Page, Internet	and Computer	expenses	4,453	7,539
Staff Training				539
Bad Debt				210
Bank Charges			173	276
Sundry Expenses			21	13
VAT Provision				8,813
Depreciation —Fixtures and Fittings			9,052	9,246
			15,937	140,085

nalysis ofexpen	diture	on charitable	activities
			Grant funding of	support costs	2021	2020
			activities
Property —repairs and maintenance			68,536		68,536	37,878
Catering			9,297		9,297	6,427
Salaries			250,989	347,735	598,724	598,724
Licences			16,795		16,795	11,830
Media Department			52,674		52,674	13,943
Renewal Global			62,792		62,792	131,469
Pastoral Care			1,452		1,452	2,446
Free Methodists	UK		23,164		23,164	23,164
Youth			59,446		59,446	8,434
Children			7,057		7,057	2,871
Travelling			1,185		1,185	1,701
Training and Courses			6,466		6,466	6,829
Special Events			15,163		15,163	20,449
Visiting Speakers			18,243		18,243	25,528
Other Ministries			161,098		161,098	177,521
Legal 8 professional						75,000
Household and cleaning			59,820	3,148	62,968	71,482
Rates and Water			4,560	240	4,800	4,129
Insurance			15,031	791	15,822	15,772
Light and Heat			62,826	3,306	66,132	43,289
Hire of Premises			18,831		18,831	13,827
Family Centre						359
Web Page and Internet			6,202		6,202	5,670
Depreciation —Fixtures and fittings			35,539		35,539	35,461
Depreciation —Motor Vehicles			558		558	698
Hire of Equipment				13,095	13,095	13,149
Telephone				14,626	14,626	16,175
Post and Stationery				14,043	14,043	12,005
Depreciation —Equipment				2,721	2,721	2,708
Sundry				5,470	5,470
Depreciation —Computer		equipment		11,352	11,352	8,054
Loss on disposal	offixed	assets		(75)	(75)
Bank Charges and Interest				12,401	12,401	12,490
			957,724	428,853	1,386,577	1,399,482

Ye	ar Ended 31 D	ecember	20	21
8	Governance	costs
							2021	2020
							F	E
	Salaries						96,560	89,985
	Accountancy						5,672	7,949
	Auditors Fees						6,550	6,500
	Professional	Fees					2,317	8,827
							111,099	113,261
9	Net income / (expenditure)			for the	year
	Net income /	(expenditure)		is stated after charging		/ (crediting):
							2021	2020
	Depreciation	oftangible	fixed assets				59,222	56,167
	Loss / (gain)	on disposal	oftangible		fixed assets		(75)

		2021	2020
		E	F
Wages and salaries		706,248	787,950
Social security		55,230	55,438
Defined contribution	pension costs	33,696	33,489
		795,174	876,877

		2021	2020
		Number	Number
F60,001	- F70,000
870,001	- F80,000

ixed asset	investme	nts
			2021	2020
Investments	brought	forward	60,000	60,000
Revaluation			23,000
			83,000	60,000

	Freehold	Equipment	Equipment	Fixtures and	Fixtures and	Computer		Motor
	Property				fittings	equipment		vehicles	Total
									F
Cost or valuation:
At 1 January 2021	7,775,000	27,075			442,545	27,398		10,655	8,282,673
Additions			1,240		2,635	26,726			30,601
Disposals						(745)			(745)
At 31 December 2021	7,775,000	28,315			445,180	53,379		10,655	8,312,529
Depreciation:
At 1 January 2021			7,532		232,949	17,352		7,863	265,696
Charge for the year			2,721		43,872	12,071		558	59,222
Eliminated on disposals						(75)			(75)
At 31 December 2021		10,253			276,821	29,348		8,421	324,843
Net book value:
At 31 December 2021	7,775,000	18,062			168,359	24,031		2,234	7,987,686
At 31 December 2020	7,775,000	19,543		209,596		10,046		2,792	8,016,977
he net book value of land	and buildings	comprised:
								2021	2020
Land and buildings:
Freehold						7,775,000			7,775,000
he historic cost equivalent	of land and	buildings	included		at valuation	are as	follows:
							2021		2020
						Land and			Land and
						buildings			buildings
							OOOO		EOOD
Cost						6,599,874			6,599,874
Accumulated impairment	losses
Accumulated depreciation
Net book value						6,599,874			6,599,874

		Freehold	Equipment	Fixtures and	Fixtures and	Computer	Motor
		Property			fittings	equipment	vehicles	Total
Cost or valuation:
At 1 January	2020	7,775,000	27,075		354,593	24,637	10,655	8,191,960
Additions			1,240		2,635	26,726		30,601
Disposals						(745)		(745)
Revaluation
At 31 December 2020		7,775,000	28,315		357,228	50,618	10,655	8,221,816
Depreciation:
At 1 January	2020		7,532		189,480	15,332	7,863	220,207
Charge for the year			2,721		35,539	11,352	558	50,170
Disposals						(75)		(75)
At 31 December 2020			10,253		225,019	26,609	8,421	270,302
Net book value:
At 31 December 2021		7,775,000	18,062		132,209	24,009	2,234	7,951,514
At 31 December 2020		7,775,000	19,543		165,113	9,305	2,792	7,971,753
The net book	value of land	and buildings	comprised:
							2021	2020
							E	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:
						2021		2020
						Land and		Land and
						buildings		buildings
						f000		f000
Cost						6,599,874		6,599,874
Accumulated	impairment	losses
Accumulated	depreciation
Net book value						6,599,874		6,599,874

Debtors
	GROUP		CHARITY
	2021	2020	2021	2020
	F		F	F
Trade debtors	33,591	40,954	27,106	39,258
Other debtors	14,534	285	14,534	285
Stock
Prepayments	23,320	46,999	23,320	46,999
	71,455	88,238	64,960	86,542

	GROUP		CHARITY	CHARITY
	2021	2020	2021	2020
	F		E
Trade Creditors	14,616	40,021	14,411	39,453
Social Security 8 Other taxes	39,789	26,747	36,104	14,268
Other creditors	412,120	394,545	412,379	403,500
Accrued Expenses	25,614	59,200	20,413	51,250
	492,139	520,513	483,307	508,471

	Balance at 1			Balance	at 31
	January 2020	Income	Expenditure	December 2021
Forget Thee Not	983	76	750		309
Scripture Union - CW	700	398	1,098
TLG —CW Youth	1,500		1,500
Woman to Woman—	1,108		1,108
Compassion
Woman to Woman—	7,007		7,007
Conference 2020
Vision	293,318	63,688	37,674	319,332
29'" May 1961Trust	1,398		1,398
Toy Offering	3,000	4,438	3,000		4,438
Relief Fund	28,574	12,502	15,087		25,989
Savings	1,216	310			1,526
Youth		10,000	5,500		4,500
Renewal Kids		10,000	6,500		3,500
Property Per —Youth		5,000	5,000
All Churches		3,000	1,570		1,430
Oasis Church		500			500
Renewal FM		21,098	21,098
Emergency Relief		6,140			6,140
	338,804	137,150	108,290	367,664

			Unrestricted funds	Revaluation	Restricted funds
				Reserve		Total
						F
Fixed	assets		6,812,560	1,175,126		7,987,686
Cash	and current assets		475,992		367,664	843,656
Other	current	liabilities	(492,139)			(492,139)
Total			6,796,413	1,175,126	367,664	8,339,203

arity	Analysis	of net assets betwe	en funds
			Unrestricted funds	Revaluation	Restricted funds
				Reserve		Total
						E
Fixed	assets		6,859,388	1,175,126		8,034,514
Cash	and current assets		503,393		367,664	871,057
Other	current	liabilities	(483,307)			(483,307)
Total			6,713,474	1,175,126	367,664	8,339,264

Yea	r Ended 31 D	ecember 2021	ecember 2021	ecember 2021
21	Reconciliation	of net income I(expenditure)			to net cash flow from operating activities		(GROUP)
						2021	2020
						F	f
	Net income /	(expenditure) for year				(18,627)	(58,542)
	Interest receivable					(155)	(241)
	Interest payable
	Depreciation	and impairment oftangible		fixed	assets	59,223	56,167
	(Profit) / loss	on disposal oftangible	fixed assets			(75)
	(Increase) / Decrease in debtors					16,792	7,240
	Increase / (Decrease) in creditors					(28,374)	194,463
	Net cash flow	from operating activities				28,784	199,087
22	Reconciliation	ofnet income /(expenditure)			to net cash flow from operating activities
	(CHARITY)
						2021	2020
	Net income /	(expenditure) for year				(18,303)	(75,092)
	Interest receivable					(155)	(241)
	Depreciation	and impairment oftangible		fixed	assets	50,170	46,921
	(Profit) / loss	on disposal oftangible	fixed assets			(75)
	(Increase) / Decrease in debtors					21,582	(18,988)
	Increase / (Decrease) in creditors					(25,164)	212,007
	Net cash flow	from operating activities				28,055	164,607