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|5996380|||
|---|---|---|
|Rev Jonathan<br>Lee|||
|Dr Charon<br>Byfield|||
|Rev Niall Cluley (resigned||15Dec2023)|
|Keisha Eve (resigned|20|May 2023)|
|Dean Smith|||
|Paul Harris (resigned|19|May 2023)|
|Shelley<br>Mills|||
|Duncan<br>Moore (appointed||12 Nov 2023)|
|Elizabeth<br>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<br>Christian||Centre|
|||Lode Lane|||
|||Solihull|||
|||West Midlands|||
|||8912JR|||
|||Sumer Auditco|Limited||
|||The Beehive|||
|||Beehive Ring|Road||
|||London Gatwick Airport|||
|||Gatwick|||
|||RHS OPA|||
|||Anthony<br>Collins Solicitors LLP|||
|||134Edmund Street|||
|||Birmingham|||
|||B32ES|||





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|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<br>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<br>offunds:||||||||
|Total funds brought<br>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<br>funds|Reselrred|||
||||||funds|Total|Total|
|||||6|||6|
|Income and|endowments|from:||||||
|Donations<br>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<br>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<br>offunds:||||||||
|Total funds brought<br>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<br>Reserve||19|1,175,126|1,175,126|
|Unrestricted<br>funds||19|6,649,321|6,713,858|
|Total charity funds||19|8,310,352|8,301,554|






## 

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## 

|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<br>Reserve||19|1,175,126|1,175,126|
|Unrestricted<br>funds||19|6,649,924|6,713,739|
|Total charity funds I(deficit)||18|8,310,955|8,301,435|





|Renewal Christian<br>Centre||||||
|---|---|---|---|---|---|
|Statement ofCash Flows||||||
|Year Ended 31 December|2023|||||
|||||2023|2022|
|GROUP|||Note||E|
|Cash flow from operating<br>activities|||21|122,856|78,766|
|Net cash flow from operating||activities||122,856|78,766|
|Cash flow from Investing<br>activities||||||
|Payments<br>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<br>activities||||||
|Repayment<br>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<br>Centre|Renewal Christian<br>Centre||||||
|---|---|---|---|---|---|---|
|Statement ofCash Flows|||||||
|Year Ended 31 December 2023|||||||
||||||2023|2022|
|CHARITY||||Note|8|2|
|Cash flow from operating|activities||||||
|Cash generated<br>from operations||||22|115,045|71,747|
|Cash flow fmm investing|activities||||||
|Payments<br>to acquire tangible||fixed assets|||(25,310)|(17,526)|
|Receipts from sales oftangible|||fixed assets|||7,114|
|Interest received|||||2,364|596|
|(Gain)/loss<br>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|





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## 

## 

## 

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



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## 

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## 

|||||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<br>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|,<br>'||62,132||71,639||
|l Renewal<br>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<br>'||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<br>and Courses|||13,340|||13,340||14,300||
|Special Events<br>, VlsitI~nSpeakers|||15,499<br>32.790|i||15,499<br>32,790|i|13,178<br>30,501,||
|' Other Ministries|||64,277|I||64,277|'|76,333|I|
|Household<br>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 <br>1,220,947) ofthe above costs were attributable<br>Governance costs|were attributable<br>to restricted funds. F1,2<br>to unrestricted<br>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<br>/ (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|,<br>'|8|
|Charitable|activities|21||13|21|l|14|
|Governance||2||2|4||41|
|||40||30|37||26|



|he total staff costs a|nd employee<br>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|



|<br>more than||<br> <br>860,000 is as follows:|<br>||
|---|---|---|---|---|
||||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<br>f|Tctel<br>f||
|Cost orvaluation:||||||||
|At 1 January 2023|7,775,000|21,370|446,061|67,840|10,655|8,320,926|'|
|Additions<br>Dispoasis||4,046<br>!1.89th|12,136<br> 1~91575,|9,127<br>t'5,881 t|-|25,309<br>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<br>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|'<br>12,169|126,011|24,254|'<br>1,787|7,939,221:||
|The net book value of land|and buildings|comprised:||||||
||||||2023f|2022<br>E||
|Land snd buildings:||||||||
|Freehold||||7,775,000||7,775,000||
|The historic cost equivalent|oflend and buildings<br>included at valuation|||are es follows:||||



|he historic c|ost equivalent|oflend and buildings<br>inclu|ded at valuation<br>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<br>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<br>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<br>Fixed assets<br>Cash and current assets||Unestrloled<br>funds<br>6,844,192<br>417,771|Reueluellon<br>ReseNe<br>1,175,126|Restdoted<br>nrnds<br>Total<br>485,905t<br>903,676<br>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<br>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<br>of net incom|e / (expenditure)|to net cash fl|ow from operating<br>activities|(GROUP)|
|---|---|---|---|---|
||||2023|2022|
||||6||
|Net income / (expenditure)<br>for year|||8,798|(37,650)|
|Interest receivable|||(2,364)|(598)|
|Interest payable|||||
|Depreciation<br>and impairment|oftangible fixed|assets|51,867|59,889|
|(Profit) / loss on disposal of|tangible fixed assets||5,727|(1,013)|
|(Increase) / Decrease<br>in debtors|||(9,337)|(2,472)|
|Increase / (Decrease)<br>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<br>activities|||
|CNARITY)|||||
||||2023|2022|
||||f|2|
|Net income<br>/ (expenditure)<br>for year|||8,754|(37,829)|
|Interest receivable|||(2,364)|(596)|
|Depreciation<br>and impairment|oftangible fixed|assets|44,732|52,427|
|(Profit) / loss on disposal of|tangible fixed assets||5,727|(1,013)|
|(Increase) / Decrease<br>in debtors|||(9,930)|(2,614)|
|Increase / (Decrease)<br>in creditors|||68,126|61,372|
|Net cash flaw from operating|activities||115,045|71,747|



## 

## 

## 

## 

##