2023-12-31-accounts - Renewal Christian Centre

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5996380
Rev Jonathan Lee
Dr Charon Byfield
Rev Niall Cluley (resigned		15Dec2023)
Keisha Eve (resigned	20	May 2023)
Dean Smith
Paul Harris (resigned	19	May 2023)
Shelley Mills
Duncan Moore (appointed		12 Nov 2023)
Elizabeth Muir (appointed		12 Nov 2023)
lan Hardie (appointed	12	Nov 2023)


Senior	Pastor	Rev Jonathan	Lee
Pastor ofCare &	Growth	Justyn Towler
Chief Finance	Officer	Robin Small
Chief Operating	Officer	Leone Thompson
		Renewal Christian		Centre
		Lode Lane
		Solihull
		West Midlands
		8912JR
		Sumer Auditco	Limited
		The Beehive
		Beehive Ring	Road
		London Gatwick Airport
		Gatwick
		RHS OPA
		Anthony Collins Solicitors LLP
		134Edmund Street
		Birmingham
		B32ES

ROUP
					2023		2022
				Unrnslrlntsd	Rsstnstsd
				funds	funds	Total	Total
				5			6
Income and	endowments	from:
Donations snd legacies			3	1,115,220	167,415	1,282,635	1,282,803
Conference	Centre		4	50,207	-	50,207	42,432
Other trading	activities		6	135,649	-	135,649	101,513
Investments				2,364	-	2,364	596
Total Income and endowments				1,303,440	187,415	1,470,855	1,428,345
Expenditure	on:
Conference	Centre		6	18788	-	18788	12,645
Charitable activities			7	1,249,920	94,080	1,344,000	1,389,474
Governance	Costs		8	99,269	-	99,289	83,876
Total expenditure				1,367,977	94,080	1,462,057	1,465,995
Net income	I (expenditure)			(64,537)	73,335	8,798	(37,650)
Reconciliation offunds:
Total funds brought forward				7,888,983	412,570	8,301,553	8,339,203
Total funds	carried forward			7,824,446	485,905	8,310,351	8,301,553

Year Ended	31 December	2023
CHARITY					2023		2022
			NOte	unsstristed funds	Reselrred
					funds	Total	Total
				6			6
Income and	endowments	from:
Donations and legacies			3	1,115,220	167,415	1,282,635	1,282,803
Other trading	activities		5	135,649	-	135,649	101,513
Investments				2,364		2,364	596
Total income and endowments				1,253,233	187,415	1,420,648	1,384,912
Expenditure	on:
Charitable activities				1,223,153	94,080	1,317,233	1,344,474
Governance	Cosh			93,894		93,894	78,268
Total expenditure				1,317,047	94,080	1,411,127	1,422,742
Net income	I(expenditure)			(63,814)	73,335	9,521	(37,830)
Reconciliation offunds:
Total funds brought forward				7,888,884	412,570	8,301,434	8,339,264
Total funds	carried forward			7,825,050	485,905	8,310,955	8,301,434

Year Ended 31 De	cember 2023
			2023	2022
GROUP
		Nota	6
Fixed assets
Tangible assets		14	7,908,893	7,939,221
			7,906,893	7,939,221
Current assets
Debtors and Prepayments		16	83,311	73,918
Cash at bank and in	hand		941,115	841,161
			1,024,426	915,079
Creditors: amounts	falling due within one year	17	(820,967)	(552,746)
Net current assets			403,459	362,333
Total assets less current liabilities			8,310,352	8,301,554
Net assets			8,310,352	8,301,554
Charity Funds
Restricted funds		18	485,905	412,570
Revaluation Reserve		19	1,175,126	1,175,126
Unrestricted funds		19	6,649,321	6,713,858
Total charity funds		19	8,310,352	8,301,554

Year Ended 31 Dec	ember 2023
			2023	2022
CHARITY
		Nota
Fixed assets
Tangible assets		15	7,885,318	7,910,511
Investments		13	134,000	108,000
			8,019,318	8,018,511
Current assets
Debtors and Prepayments		16	77,505	87,575
Cash at bank and in	hand		826,171	760,028
			903,876	827,603
Creditors: amounts	falling due within one year	17	(612,039)	(544,679)
Net current assets I(liabilities)			291,637	282,924
Total assets less current liabilities			8,310,955	8,301,435
Creditors: amounts	falling due after more than one year
Net assets I(liabilities)			8,310,955	8,301,435
Charity Funds
Restricted funds		18	485,905	412,570
Revaluation Reserve		19	1,175,126	1,175,126
Unrestricted funds		19	6,649,924	6,713,739
Total charity funds I(deficit)		18	8,310,955	8,301,435

Renewal Christian Centre
Statement ofCash Flows
Year Ended 31 December	2023
				2023	2022
GROUP			Note		E
Cash flow from operating activities			21	122,856	78,766
Net cash flow from operating		activities		122,856	78,766
Cash flow from Investing activities
Payments to acquire tangible	fixed assets			(25,310)	(17.526)
Receipts from sales oftangible		fixed assets			7,114
Interest received				2,364	596
Net cash flow fmm Investing		activities		(22,902)	(9,816)
Cash flow from financing activities
Repayment of long term loans
Interest paid
Net cash flow from financing		activities
Net increase I(decrease) In	cash and cash equivalents			99,954	68,950
Cash and cash equivalents	at	31 December 2022		841,161	772,211
Cash and cash equivalents	at	31 December 2023		941,115	841,161
Cash and cash equivalents	consists of:
Cash st bank and in hand				941,115	841,161
Cash and cash equivalents	at	31 December 2023		941,115	841,161

Renewal Christian Centre	Renewal Christian Centre
Statement ofCash Flows
Year Ended 31 December 2023
					2023	2022
CHARITY				Note	8	2
Cash flow from operating	activities
Cash generated from operations				22	115,045	71,747
Cash flow fmm investing	activities
Payments to acquire tangible		fixed assets			(25,310)	(17,526)
Receipts from sales oftangible			fixed assets			7,114
Interest received					2,364	596
(Gain)/loss on investment					(26,000)	(25,000)
Net cash flow from investing			activities		(48,902)	(34,816)
Cash flow from financing	activities
Net cash ffow fmm financing			activities
Net increase I(decrease)	in	cash and cash equivalents			66,143	36,931
Cash and cash equivalents		at	31 December 2022		760,028	723,097
Cash and cash equivalents		at	31 December 2023		826,171	760,028
Cash and cash equivalents		consists of:
Cash at bank and in hand					826,171	760,028
Cash and cash equivalents		at	31December 2023		826,171	760,028

stimated residual value, ofe	ach asset on a systematic bas	is over
Freehold buildings	Not provided
Computer equipmsnt	33%on cost
Equipment	10%on cost
Fixtures and fittings	10%on cost
Motor vehicles	20%on the reducing	balance

				2023	2022
				E	E
Conference	Centre Income			33,337	26,193
Conference	Catering			1,437	2,580
Family Centre Room Hire				15,433	14,659
				50,207	43,432
ll income was attributable		to unrestricted	funds.
ncome from	other trading	activities
				2023	2022
					E
Community	&Other Ministries			118,098	81,628
Young People				17,551	19,885
				135,649	101,513
ll income was attributable		to unrestricted	funds.
onference	Centre and Other Costs
				2023	2022
				E	E
Catering				3,283	2,597
Postage, Stationery and Advertising				66
Hire ofEquipment				159	252
Web Page,	Internet and Computer expenses			1,964	1,862
Bank Charges				397	472
Licence fee	for use ofpremises			5,784
Depreciation	—Fixtures and Fittings			7,135	7,462
				18,788	12,645

Analysis ofexpe	nditure	on charitable ac	tivities
			Grunt fundlnp of		support oosts	2023		2022
			sotlulsss
			6		8	E		E
Property - repairs and maintenance			53,520			53,520		37,019
Catering			16,687	I		16,687		16,628
Salaries			315,498	I	298,889	614,387		646,426
Licences			15,402	r		15,402		16,018
, Media Deoartment			62,132	, '		62,132		71,639
l Renewal Global			74,642	I		74,642		67,247
~Pastoral Care			1,507	I		1,507	I	1,123
I Free Methodists	UK		22,304	I '		22,304	I	23,532
Youth			57,138			57,138	r	63,378
Children			8,276			8,276		9,813
Travellin9			2,339			2,339		587
Training and Courses			13,340			13,340		14,300
Special Events , VlsitI~nSpeakers			15,499 32.790	i		15,499 32,790	i	13,178 30,501,
' Other Ministries			64,277	I		64,277	'	76,333	I
Household and cleaning			68,131	I	3,481	69,612		67,841	'
Rates and Water			4,306	i	227	4,533		5,638
Insurance			23,874	I	1,256	25,130		18,854
Light and Heat			41,544	i	2,186	43,730		56,599
Hire ofPremises			30,629			30,629		17,234
Web Page and Internet			7,820			7,820		6,615
Depreciation —Fixtures and fittings			27,411	i		27,411		35,789
Depreciation —Motor Vehicles			357			357		447
Hire ofEquipment					13,316	13,316		14,080
Telenhone					14,587	14,587		12,801
Post and Stationerv					7,145	7,145		9,939
Decreciation - Eriuipment					2,076	2,076		1,975
Sund r					4,422	4,422		5,235
Deoreciation —Computer		equinment			14,888	14,888		14,216
tGaini Loss on disposal offixed assets					5,727	5,727		i1,012i
Bank Chai ges and Interest					17,610	17,610		15,503
			957,423		385,810	1,343,233		1,369,474

94,080(2022 - 6148,527) ofthe above costs 1,220,947) ofthe above costs were attributable Governance costs	were attributable to restricted funds. F1,2 to unrestricted funds.	49,153(202
	2023	2022
	F.	F
Salaries	81,009	66,783
Accountancy	5,375	5,608
Auditors Fees	6,727	6,727
Professional Fees	6,158	4,758
	99,269	83,876

et income /	(expenditure)	is stated after charging / (crediting):
			2023	2022
				2
Depreciation	oftangible	fixed assets	51,666	52,427
Loss / (gain)	on disposal	oftangible fixed assets	5,727	(1,012)

		2023	2023		2022		2022
		Number	FTE		Number		FTE
Raising funds		17		15	12	, '	8
Charitable	activities	21		13	21	l	14
Governance		2		2	4		41
		40		30	37		26

he total staff costs a	nd employee benefits were as follo	ws:
		2023	2022
		8
Wages and salaries		745,198	735,339
Social security		56,716	58,505
Defined contribution	pension costs	35,063	36,761
		838,977	830,605

more than		860,000 is as follows:
			2023	2022
			Number	Number
870,001	-	F80,000

Tangible fixed assets - G	roup
	Freehold	Equipment	Ftaturea and	Computer	Mater
	pmranr		fis qa	equlr ment	uehldea f	Tctel f
Cost orvaluation:
At 1 January 2023	7,775,000	21,370	446,061	67,840	10,655	8,320,926	'
Additions Dispoasis		4,046 !1.89th	12,136 1~91575,	9,127 t'5,881 t	-	25,309 I~at,se	I
At 31 December 2023	7,775,000	23,526	366,622	71,086	10,655	8,246,889
Depreciation:
At 1 January 2023		9,201	320,050	43,586	8,868	381,705	'
Charge for the year		2,076	34,545	14,888	357	51,866
Eliminated on disposals		(1,724)	(86,253)	(5,598)		(93,575)
At 31 December 2023		9,553	288,342	52,876	9,225	339,998
Net book value:
At 31 December 2023	7,775,000	13,973	98,280	18,210	1,430	7,906,893
At 31 December 2022	7,775,000	' 12,169	126,011	24,254	' 1,787	7,939,221:
The net book value of land	and buildings	comprised:
					2023f	2022 E
Land snd buildings:
Freehold				7,775,000		7,775,000
The historic cost equivalent	oflend and buildings included at valuation			are es follows:

he historic c	ost equivalent	oflend and buildings inclu	ded at valuation are es follows:
			2023	2022
			Land and	Lend and
			huildinSa	hufidlnae
			f000	f000
Cost			6,599,874	6,599,874
Accumulated	imcairment	losses
Accumulated	depreciation
Net book value			6,599,874	6,599,874

		Freehold	Freehold	Equipment	Fiaturee and	Fiaturee and	Computer		Motor
		p	rear				~element		vehiolee	Tcial
			8						6	6
Cost orvaluation:
At 1 January	2023	7,775,000		21,370		358,109	65,079		10,655	8,230,213
Additions				4,046		12,138	9,127			25,309
Dispossls				i1,890t		i91,575t	(5,881l			l99,346)
At 31 December 2023		7,775,000		23,526		278,670	68,325		10,655	8,158,176
Dsttrecistion:
At 1 Janustv	2023			9,201		260,808	40,825		8,868	319,702
Charge for the year				2,076		27,410	14,888	i	357	44,731	I
Disposals				i1,724l		i86,253:	i5,598i	'		i93,575l
At 31 December 2023				9,553	i	201,965	50,115		9,225	270,858
Net book value:
At 31 December 2023		7,775,000		13,973		76,705	18,210		1,430	7,885,318
At 31 December 2022		7,775,000		12,169		97,301	24,254		1,787	7,910,511
The nst book	value of land	and buildings		comprised:
								2023		2022
										E
Land and buildings:
Freehold							7,775,000			7,775,000
The historic cost equivalent		of land and buildings included				at valuation	srs as follows:
							2023			2022
							Lend	and		Land and
							buttdlntta			bulldlnpe
							F			6
I Cost							6,599,874			6,599,874
Accumulated	impairment	losses
I Accumulated	depreciation
Net book value							6,599,874			8,599,874

ebtors
	GROUP		CHARITY
	2023	2022	2023	2022
	6			E
Trade debtors	41,109	48,680	35,303	42,281
Other debtors				56
P repayments	42,202	25,238	42,202	25,238
	83,311	73,918	77,505	67,575

	GROUP	GROUP	CHARITY	CHARITY
	2023	2022	2023	2022
	6	6		6
Trade Creditors	28,847	27,297	28,589	27,257
Social Security &Other taxes	15,407	18,513	13,074	15,804
Other creditors	533,552	478,177	533,201	478,060
Accrued Expenses	43,161	28,759	37,195	23,558
	620,967	552,746	612,039	544,679

			Balance st 1			Balance at 31
			January 2023	Income	Expenditure	December 2023
Forget Thee		Not	502			502
Vision			383,909	118,929	53,685	449,153
Toy Offeding			3,000		423	2,577
Relief Fund			16,428	38,426	29,563	23,291
Savings			388	9,003	8,186	1,185
Renewal	Kids		2,000		2,000
Emergency		Relief	6,140			8,140
Livingston	Project		223		223
Asda Foundation				510		510
Cinnamon	Network			2,000		2,000
Chelmskiy	Wood			547		547
			412,570	167,415	94,080	485,905

Group Analysi	s ofnet assets between funds
		Unrestrlossd funds	Rrnreluetion	Reslrioted
			Reserse	funds		TOtal
						6
Fixed assets		6,731,767	1,175,126			7,906,893
Cash end current assets		538,521		485,905		1,024,426
I Other current	liabilities	f620,967I				r620,9671
Total		6649,321	1,175,126	485,905		8,310,352
harity Analysis ofnet assets between funds Fixed assets Cash and current assets		Unestrloled funds 6,844,192 417,771	Reueluellon ReseNe 1,175,126	Restdoted nrnds Total 485,905t 903,676 8,019,318
Other current	liabilities	I612,039l				I612,039I
Total		6,649,924 .	1,175,126	485,905	I	8,310,955	i

Operating lea	se co	mmitments
						2023	2022
							6
At the reporting	snd	date, the company	had outstanding	commitments	for future	minimum	lease payments
under non-cancsllabls		operating leases,	as follows:
						2,834	42,755

Reconciliation of net incom	e / (expenditure)	to net cash fl	ow from operating activities	(GROUP)
			2023	2022
			6
Net income / (expenditure) for year			8,798	(37,650)
Interest receivable			(2,364)	(598)
Interest payable
Depreciation and impairment	oftangible fixed	assets	51,867	59,889
(Profit) / loss on disposal of	tangible fixed assets		5,727	(1,013)
(Increase) / Decrease in debtors			(9,337)	(2,472)
Increase / (Decrease) in creditors			68,165	60,608
Net cash flow from operating	activities		148,856	78,766
econciliation ofnet Income/(expenditure)		to nst cash flow from operating activities
CNARITY)
			2023	2022
			f	2
Net income / (expenditure) for year			8,754	(37,829)
Interest receivable			(2,364)	(596)
Depreciation and impairment	oftangible fixed	assets	44,732	52,427
(Profit) / loss on disposal of	tangible fixed assets		5,727	(1,013)
(Increase) / Decrease in debtors			(9,930)	(2,614)
Increase / (Decrease) in creditors			68,126	61,372
Net cash flaw from operating	activities		115,045	71,747