Aldersgate Renewal Ministries-UK
Aldersgate Renewal Ministries-UK
(A Charitable Incorporated Organisation)
Report and Financial Statements For The Year End August 31st 2024
Charity Number 1168429
TRUSTEES ANNUAL REPORT AND ACCOUNTS
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Aldersgate Renewal Ministries-UK
(A Charitable Incorporated Organisation)
Financial Statements
For The Year End August 31st 2024
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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Aldersgate Renewal Ministries-UK
Report of the Trustees for the year ended 31st August 2024
The Trustees present their report and audited financial statements for the year ended 31st August 2024
Reference and Administrative Information
Charity Name: Aldersgate Renewal Ministries-UK Charity registration number: 1168429
Operational address: 40 North Meadows, Peasedown St John, Bath BA2 8PS
Trustees:
Mr P Strange Chair
Mrs A Paling Mrs S Worrall
Director:
Rev D Winstanley
Auditors: Mrs M Martin
Bankers: HSBC 26 Clumber St, Nottingham NG1 3GA
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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 2023-24 has, much the same as last year, been in recovery mode following the Covid-19 pandemic. It seems that many churches still have some degree of nervousness about hosting events such as our ‘Life in the Spirit Experience’. It also seems that many churches have had a reduction in their volunteer capacity and so are not taking on anything extra.
Financial Review
Our main sources of income in this period has come from donations from individuals.
Reserves Policy
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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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l Mini tri alance Sheet from tember 3t 31Au ust 20 I.NCOME XPEN ITURE Gift income 2,380.00 Web hosting Bank charges 240.00 60.40 300.40 TOTALS 2,380.00 EXCESS of Income over expenditure 2,079.60 Balance brought forward from previous year: HSBC current account on 31.08.23 18,062.65 61.21 Cash in hand on 31.08.23 18,123.86 20,203.46 CASH ASSETS on 31.08.24 Consisting of: HSBC current account on 31.08.24 Cash in hand on 31.08.24 CASH ASSETS on 31.08.24 carried forward to next year 20,142.25 61.21 20,203,46 I have examined the bank statements, accounts and other records of Aldersgate Renewal Ministries- UKand hereby certity that this analysis of Income & Expenditure accurately represents the financial activity of the charity forthe financialyearfrom IstSeptember2023 to 31stAugust2024 Signed: Name: Marilyn Martln Independent Financial Examiner Ph.. 01761434045 E: marilynmartin38@yahoo.co.uk Date: 15 June 2025