2022-12-31-accounts - Renewal Church

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Contents
			Page
Charity Reference and	Administrative	Details
Trustees' Annual Report			2-11
Independent Auditor's	Report		12-14
Statement ofFinancial	Activities		15-16
Balance Sheet			17-18
Statement ofCash Flows			19-20
Notes to the Financial	Statements		21-35

Renewal is part ofth	e Free Methodist Ch	urch UK denomination.
As at 31stDecember Jonny Lee	2022, the Trustees (Senior Minister,	and Elders comprised: Elder and Chair ofTrustees),
Niall Cluley	(Elder and Trustee)
Neil Guy	(Elder)
Kevin Thomas	(Elder)
Harriet Verah	(Elder)
Neville Kennedy	(Elder)
Cheron Byfield	(Trustee)
Shelley Mills	(Trustee)
Keisha Eve	(Trustee)
Dean Smith	(Trustee)
Paul Harris	(Trustee

Year Ended	31Decembe	r 2022
GROUP
					2022		2021
				Unrestricted	Restricted
			Note	funds	funds 6	TOtal 6	Totalf
Income and	endowments	from:
Donations and legacies			3	1,089,370	193,433	1,282,803	1,231,259
Conference	Centre &Coffee Shop		4	43,432	-	43,432	42,720
Other trading	activities		5	101,513	-	101,513	220,852
Investments				596	-	596	155
Total income and endowments				1,234,912	194,433	1,428,345	1,494,986
Expenditure	on:
Conference	Centre &Coffee Shop		6	12,645	-	12,645	15,937
Charitable activities			7	1,220,947	148,527	1,369,474	1,386,577
Governance	Costs		8	83876	-	83876	111,099
Total expenditure				1,317,468	148,527	1,465,995	1,513,613
Net income	/ (expenditure)			(82,556)	44,906	(37,650)	(18,627)
Reconciliation offunds:
Total funds brought forward				7,971,539	367,664	8,339,203	8,357,830
Total funds	carried forward			7,888,983	412,570	8,301,553	8,339,203

Year Ended 31D	ecember	2022
CHARITY					2022		2021
			Note	Unrestricte funds	Restridsd
					funds	Total	Total
					6	5	8
Income and endowments		from:
Donations and legacies Other trading activities Investments			3 5	1,089,370 101,513 596	193,433 -	1,282,803 101,513 596	1,231,529 220,852 155
Total income and	endowments			1,191,479	193,433	1,384,912	1,452,266
Expenditure on:
Charitable activities Governance Costs				1,195,947 78,268	148,527	1,344,474 78,268	1,363,577 106,991
Total expenditure				1,274,215	148,527	1,422,742	1,470,568
Net income I(expenditure)				(82,736)	44,906	(37,830)	(18,302)
Reconciliation offunds:
Total funds brought	forward			7,971,600	367,664	8,339,264	8,357,566
Total funds carried	forward			7,888,864	412,570	8,301,434	8,339,264

Year Ended 31 De	cember 2022
GROUP			2022	2021
		Note	k	f
Fixed assets
Tangible assets		14	7,939,221	7,987,686
			7,939,221	7,987,686
Current assets
Debtors and Prepayments		16	73,918	71,445
Cash at bank and in	hand		841,161	772,211
			915,079	843,656
Creditors: amounts	falling due within one year	17	(552,746)	(492,139)
Net current assets			362,333	351,517
Total assets less current liabilities			8,301,554	8,339,203
Net assets			8,301,554	8,339,203
Charity Funds
Restricted funds		18	412,570	367,664
Revaluation Reserve		19	1,175,126	1,175,126
Unrestricted funds		19	6,713,858	6,796,413
Total charity funds		19	8,301,554	8,339,203

Year Ended 31De	cember 2022
CHARITY			2022	2021
Fixed assets		Note		6
Tangible assets Investments		15 13	7,910,511 108,000	7,951,514 83,000
Current assets			8,018,511	8,034,514
Debtors and Prepayments Cash at bank and in hand		16	67,575 760,028	64,960 723,097
			827,603	788,057
Creditors: amounts	falling due within one year	17	(544,679)	(483,307)
Net current assets I(liabilities)			282,924	304,750
Total assets less current liabilities			8,301,435	8,339,264
Creditors: amounts	falling due after more than one year
Net assets / (liabilities)			8,301,435	8,339,264
Charity Funds
Restricted funds Revaluation Reserve Unrestricted funds		18 19 19	412,570 1,175,126 6,713,739	367,664 1,175,126 6,796,474
Total charity funds I(deficit)		18	8,301,435	8,339,264

Statement ofCash Flows
Year Ended 31 December 2022
GROUP	Note	2022 6	2021 6
Cash flow from operating activities	21	78,766	28,784
Net cash flow from operating activities		78,766	28,784
Cash flow from investing activities
Payments to acquire tangible fixed assets Receipts from sales oftangible fixed assets Interest received		(17,526) 7,114 596	(30,601) 745 155
Net cash flow from investing activities		(9,816)	(29,701)
Cash flow from financing activities
Repayment of long term loans
Interest paid
Net cash flow from financing activities		(9,816)	(29,701)
Net increase/(decrease) in cash and cash equivalents		68,950	(917)
Cash and cash equivalents at 31 December 2021		772,211	773,128
Cash and cash equivalents at 31 December 2022		841,161	772,211
Cash and cash equivalents consists of:
Cash at bank and in hand		841,161	772,211
Cash and cash equivalents at 31 December 2022		841,161	772,211

Statement ofCash Flows
Year Ended 31 December 2022
CHARITY	Note	2022	2021
Cash flow from operating activities
Cash generated from operations	22	71,747	28,055
Cash flow from investing activities
Payments to acquire tangible fixed assets Receipts from sales oftangible fixed assets Interest received (Gain)/loss on investment		(17,526) 7,114 596 (25,000)	(30,600) 745 155 (23,000)
Net cash flow from investing activities		(34,816)	(52,700)
Cash flow from financing activities
Net cash flow from financing activities		36,931	(24,645)
Net increase /(decrease) in cash and cash equivalents		36,931	(24,645)
Cash and cash equivalents at 31 December 2021		723,097	747,742
Cash and cash equivalents at 31 December 2022		760,028	723,097
Cash and cash equivalents consists of:
Cash at bank and in hand		760,028	723,097
Cash and cash equivalents at 31 December 2022		760,028	723,097

stimated 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

Conference Centre	and	Coffee Shop
				2022	2021
				F
Conference Centre Income Coffee Shop Family Centre Room Hire				26,193 2,580 14,659	32,887 1,226 8,607
				43,432	42,720
All income was attributable		to unrestricted	funds.
Income from other	trading activities
				2022	2021
				F	6
Ministries Ladies/Mens/Power Young People				81,628 19,885	198,281 22,571
				101,513	220,852
All income was attributable		to unrestricted	funds.
Conference Centre	and Coffee Shop Costs
				2022	2021
				F	F
Catering Salaries Hire ofEquipment Web Page, Internet and Computer expenses Bank Charges Sundry Expenses Depreciation —Fixtures and Fittings				2,597 252 1,862 472 7,462	1,354 86 798 4,453 173 21 9,052
				12,545	15,537

	Grant funding of		Support casts	2022	2021
	sctivtttss
Pro eft —re airs and maintenance Caterin Salaries Licences Media De artment Renewal Global Pastoral Care Free Methodists UK Youth Children Travellin Trainin and Courses S ecial Events Visiti~n S eakers Other Ministries Household and cleanin Rates and Water Insurance Li ht and Heat Hire ofPremises Web Pa e and Internet De reciation —Fixtures and fittin s De reciation —Motor Vehicles Hire of E ui ment Tele hone Post and Statione De reciation —E ui ment Sund De reciation —Com uter e ui ment Loss on dis osal offixed assets Bank Char es and Interest	37,019 16,628 322,591 16,016 71639 67,247 1,123 23,532 63,378 9,813 587 14,300 13,178 30,501 76,333 64,449 5,356 17,911 53,769 17234 6,615 35,789 447	i	323,835 3,392 282 943 2,830 14,080 12,801 9,939 1,975 5235 14,216 (1,012) 15,503	37,019 16,628 646,426 16,016 71,639 67,247 1,123 23,532 63,378 9,813 587 14,300 13,178 30,501 76,333 67,841 5,638 18,854 56,599 17,234 6,615 35,789 14,080 12,801 9,939 1,975 5,235 14,216 (1,012) 15,503	68,536 9,297 598,724 16,795 52,674 62,792 1,452 23,164 59,446 7,057 1,185 6,466 15,163 18,243 161,098 62,968 4,800 15,822 66,132 18,831 6,202 ' 35,539 558 13,095 14,626 14,043 2,721 5,470 11,352 (75) 12,401,	i
	965,455		404,019	1,369,474	1,386,577 '

			2022	2021
			E	E
Depreciation	oftangible fixed assets		59,889	59,222
Loss / (gain)	on disposal oftangible	fixed assets	(1,012)	(75)

		2022	2022	2021	2021
		Number	FTE	Number	FTE
Raising funds Charitable activities Governance		12 21 4		8 14 4 13 22 2	11 15 2
		37		26 37	28
The total staff costs	and employee	benefits were as follows;
				2022	2021
				F	F
Wages and saladies Social security Defined contribution	pension costs			735,339 58,505 36,761	706,248 55,230 33,696
				830,605	795,174

2022		2021
Number		Number
	1		1

	Freehold	Equipment	Equipment	fixtures and	Computer	Motor
	Property			fittings	equipment	uehldes	Total
	E
Cost or valuation:
At 1 January 2022 Additions Disposals	7,775,000	28,315 2,183 (9,128)		445,180 881	53,379 14,461	10,655	8,312,529 17,525 (9,128)
At 31 December 2022	7,775,000	21,370		446,061	67,840	10,655	8,320,926
Depreciation:
At 1 January 2022 Charge for the year Eliminated on disposals		10,253 1,975 (3,027)		276,821 43,229 -	29,348 14,238 -	8,421 447 -	324,843 59,889 (3,027)
At 31 December 2022			9,201	320,050	43,586	8,868	381,705
Net book value:
At 31 December 2022	7,775,000	12,169		126,011	24,254	1,787	7,939,221
At 31 December 2021	7,775,000	18,062		168,359	24,031	2,234	7,987,686
The net book value of land	and buildings	comprised:
					2022		2021
Land and buildings:						E	E
Freehold					7,775,000		7,775,000
The historic cost equivalent	of land and buildings		included	at valuation	are as follows:
					2022		2021
					Land	and	Land and
					huildrngs		hurdings
					f000		EOOO
Cost Accumulated im airment	losses				6,599,874		6,599,874
Accumulated de reciation
Net book value					6,599,874		6,599,874

			Freehold	Equipment	Fhxlures and	Computer	Motor
			Properly		fhthfhgs	equipment	vehides	Tptal
Cost or valuation
At 1 Janus 2022 Additions Dis osals At 31 December 2022		7,775,000 7,775,000		28,315 2,183 (9,128) 21,370	357,228 881 358,109	50,618 14,461 65,079	10,655 10,655	8,221,816 17,526 (9,129) 8,230,213
De reciation
At 1 Janus 2022 Char e for the ear Dis osals At 31 December 2022				10,253 1,975 (3,027 9,201	225,019 35,789 260,808	26,609 14,216 40,825	8,421 447 8,868	270,302 52,427 (3,027) 319,702
Net book value
At 31December	2022	7,775,000		12,169	97,301	24,254	1,787	7,910,511
At 31 December	2021	7,775,000		18,062	132,209	24,009	2,234	7,951,514
The net book value of land		and	buildings	comprised:
Land and buildings:						2022		2021f
Freehold						7,775,000		7,775,000
The histoiic cost equivalent		of land and buildings included			at valuation	are as follows:
						2022		2021
						Land and		Land and
						huildhngs		huildhngs
Cost Accumulated im	airment	losses				6,599,874		6,599,874
Accumulated de	reciation
Net book value						6,599,874		6,599,874

		GROUP	GROUP	CHARITY	CHARITY
		2022 f	2021	2022 f	2021
Trade debtors Other debtors Prepayments		48,680 25,238	33,591 14,534 23,320	42,281 56 25,238	27,106 14,534 23,320
		73,918	71,455	67,575	64,960
Creditors: amounts	falling due within one year
		GROUP		CHARITY
		2022	2021	2022	2021f
Trade Creditors Social Security &Other taxes Other creditors Accrued Expenses		27,297 18,513 478,177 28,759	14,615 39,789 412,120 25,615	27,257 15,804 478,060 23,558	14,411 36,104 412,379 20,413
		552,746	492,139	554,679	483,307

	Balance at 1			Balance at 31
	January 2022	Income	Expenditure	December 2022
Forget Thee Not	309	923	730	502
Vision	319,332	130,138	65,561	383,909
Toy Offering Relief Fund	4,438 25,989	3,000 14,764	4,438 24,325	3,000 16,428
Savings	1,526	11,672	12,830	368
Youth Renewal Kids All Churches Oasis Church	4,500 3,500 1,430 500	405	4,500 1,500 1,835 500	2,000
Renewal FM		10,000	10,000
Renewal Christmas		10,000	10,000
Emergency Relief Livingston Project	6,140	850	627	6,140 223
Helping Hands		11,681	11,681
	367,664	193,433	148,527	412,570

		Unrestricted funds	Revaluation	Restricted
			Reserve	funds		Total
Fixed Cash Other	assets and current assets current liabilities	6,764,095 502,509 (552,746)	1,175,126	412,570		7,939,221 915,079 (552,746)
Total		6,713,858	1,175,126	412,570	'	8,301,554

		Unrestreted funds	Revaluation	Restnaad
			Reserve	fulrds	Total
Fixed Cash Other	assets and current assets current liabilities	6,735,385 523,033 (544,679)	1,175,126	412,570	7,910,511 935,603 (544,679)
Total		6,713,739	1,175,126	412,570	8,301,435

							2022	2021
At the reporting end under non-cancellable		date, the company operating leases,		had outstanding as follows:	commitments	for future	minimum	F lease payments
							42,755	85,510

21	Reconciliation of net income I(expend	to net cash fl	ow from operating activities	(GROUP)
			2022	2021
				E
	Net income / (expenditure) for year		(37,650)	(18,627)
	Interest receivable Interest payable		(596)	(155)
	Depreciation and impairment oftangible fixed assets (Profit) / loss on disposal oftangible fixed assets (Increase) / Decrease in debtors Increase / (Decrease) in creditors		59,889 (1,013) (2,472) 60,608	59,223 (75) 16,792 (28,374)
	Net cash flow from operating activities		78,766	28,784
22	Reconciliation of net income I(expenditure) (CHARITY)	to net cash flow from operating activities
			2022	2021
			E	E
	Net income / (expenditure) for year		(37,829)	(18,303)
	Interest receivable Depreciation and impairment oftangible fixed assets (Profit) / loss on disposal oftangible fixed assets (Increase) / Decrease in debtors Increase / (Decrease) in creditors		(596) 52,427 (1,013) (2,614) 61,372	(155) 50,170 (75) 21,582 (25,164)
	Net cash flow from operating activities		71,747	28,055