2021-08-31-accounts

Aldersgate Renewal Ministries-UK

Aldersgate Renewal Ministries-UK

(A Charitable Incorporated Organisation)

Report and Financial Statements For The Year End August 31st 2021

Charity Number 1168429

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TRUSTEES ANNUAL REPORT AND ACCOUNTS

Aldersgate Renewal Ministries-UK (A Charitable Incorporated Organisation)

Financial Statements For The Year End August 31st 2021

Contents

Legal and Administrative Information Report of the Trustees Statement of Financial Activities Balance Sheet Notes forming part of the financial statements

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TRUSTEES ANNUAL REPORT AND ACCOUNTS

Aldersgate Renewal Ministries-UK

Report of the Trustees for the year ended 31st August 2021

The Trustees present their report and audited financial statements for the year ended 31st August 2021

Reference and Administrative Information

Charity Name: Aldersgate Renewal Ministries-UK Charity registration number: 1168429 Operational address: 40 North Meadows, Peasdown St John, Bath BA2 8PS

Trustees:

Mr P Strange Chair Mrs A Paling

Mr A Whysall Mrs S Worrall

Director:

Rev D Winstanley

Auditors: Mr G Wilson

Bankers: HSBC 26 Clumber St, Nottingham NG1 3GA

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TRUSTEES ANNUAL REPORT AND ACCOUNTS

Our Aims and Objectives

Purposes and Aims

Our charity’s purposes as set out in the objects contained in the company’s memorandum of association are:

"The advancement of the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist church through promoting the work and ministry of the Holy Spirit in local Christian churches throughout the UK by the provision of teaching, ministry and training.”

Ensuring Our Work Delivers Our Aims

The majority of our work is done with local churches through weekend renewal events. Since ARM-UK began the weekend programme used has been “The Life in the Spirit Experience” and at each event we receive feedback from the local church, which helps us to evaluate the effectiveness of our ministry.

Who Beneftted From Our Work?

Our work over the period 2020-21 has been severely impaired as a result of the Covid-19 pandemic. We were unable to offer any in-person ministry throughout this period and had to cancel a number of arranged weekends. Several members of the Aldersgate team did move to ministering on-line, and whilst this was not explicitly Aldersgate ministry it was shared across our social network platforms. This enabled us to maintain contact with a great many people and even develop some new contacts. We would hope that as restrictions have eased and a greater sense of security returns to church gatherings we will be able to re-establish our in-person ministry.

Financial Review

Our main sources of income in this period has come from donations from individuals. As of 31st August 2021 our gift income stood at £8820.37 up from £7244.53 the previous year.

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TRUSTEES ANNUAL REPORT AND ACCOUNTS

Reserves Policy

It is the view of the trustees that Aldersgate Renewal Ministries-UK does not need to operate with financial reserves at this time for our on-going work. Our principle costs arise from running weekend events and the income from these events more than covers the costs.

However, our reserves policy is to build up our reserves so that we can employ someone to develop to the scope and the work of ARM-UK.

Structure, Governance and Management

Governing Document

The charity is a Charitable Incorporated Organisation, registered as a charity on 26th July 2016. It was established under a Charity Commission model constitution for a Charitable Incorporated Organisation, which established the objects and powers of the organisation and is governed under its Articles of Association.The Trustees continue to meet regularly along with the Director to formulate policy and strategy and for governance.

Risk Management

The Trustees have implemented the appropriate policies to minimise any risks surrounding health and safety, safeguarding and data protection. Financial oversight is carried out through regular updates and scrutiny of the accounts. All policies and procedures are periodically reviewed to ensure to ensure they continue to meet the needs of the charity.

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TRUSTEES ANNUAL REPORT AND ACCOUNTS

					Aldersgate Renewal Ministries- UK
						Registered Charity No. 1168429
			Balance Sheet from 1 September 2020 to 31 August 2021
	INCOME							EXPENDITURE
	Gifts and charges			1,600.00				Web hosting		125.00
	Everyclick			40.84
	TOTALS			1,640.84						125.00
	EXCESS of Income over expenditure									1,515.84
	Balance brought forward frompreviousyear:
				HSBC current account on 31.08.20					10,795.70
				Cash in hand on 31.08.20
	CASH ASSETS on 31.08.21									12,311.54
	Consistingof:			HSBC current account
				Cash in hand
	CASH ASSETS on 31.08.21 carried forward to nextyear
	I have examined the bank statements, accounts and other records of
	Aldersgate Renewal Ministries - UK and hereby certify that this analysis of
	Income & Expenditure accurately represents thefinancial activity of the charity
	for thefinancialyearfrom 1st September 2020 to 31st August 2021.
	Signed:
	Name:	Graham Wilson
		Independent Financial Examiner
		0117 9862242					E:[e-mail]
	Date:	8th June 2022

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