## ## ## ## |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|iture)|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| ## ## ## ## ## ## ##