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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|
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|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)||
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|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|
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|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|
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|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|
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|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|
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||||||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|
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|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|
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|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|
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|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|
##
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|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)||
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|||2021|2021||2020|2020|
|---|---|---|---|---|---|---|
|||Number|FTE||Number|FTE|
|Raising funds||13||11|10|7|
|Charitable|activities|22||15|41|28|
|Governance||2||2|3|3|
|||37||28|54|38|
|||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|||
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|ixed asset|investme|nts|||
|---|---|---|---|---|
||||2021|2020|
|Investments|brought|forward|60,000|60,000|
|Revaluation|||23,000||
||||83,000|60,000|
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||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|
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|||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|
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|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|
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||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||
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||||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|
##
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|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|
##
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##
|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|
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