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2021-03-31-accounts

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

Re New Conference Charity registration number: 1174727

For the year ended 31 March 2021

Index

LEGAL & ADMINISTRATIVE DETAILS ................................................................................................................. 1 ADDRESS FOR CORRESPONDENCE ............................................................................................................................... 1 GOVERNING DOCUMENT .......................................................................................................................................... 1 CHARITY REGISTRATION NUMBER ............................................................................................................................... 1 TRUSTEES .............................................................................................................................................................. 1 BANKERS ............................................................................................................................................................... 1 INDEPENDENT EXAMINER .......................................................................................................................................... 1 TRUSTEES’ ANNUAL REPORT ............................................................................................................................ 2 STRUCTURE, GOVERNANCE AND MANAGEMENT ............................................................................................................. 2 GOVERNANCE ......................................................................................................................................................... 2 TRUSTEES’ RESPONSIBILITIES ..................................................................................................................................... 2 OBJECTS ................................................................................................................................................................ 2 OVERVIEW OF ACTIVITIES .......................................................................................................................................... 3 ACHIEVEMENTS IN THE PERIOD .................................................................................................................................. 3 FINANCIAL REVIEW .................................................................................................................................................. 3 RESERVES POLICY .................................................................................................................................................... 4 PLANS FOR FUTURE PERIODS ..................................................................................................................................... 4 APPROVAL ............................................................................................................................................................. 4 INDEPENDENT EXAMINER’S REPORT ............................................................................................................... 5 RECEIPTS AND PAYMENTS ACCOUNT ............................................................................................................... 6 STATEMENT OF ASSETS & LIABILITIES .............................................................................................................. 7 NOTES TO THE ACCOUNTS ............................................................................................................................... 8

Legal & Administrative Details

For the 12-month period ended 31 March 2021

Address for Correspondence

Re New Conference C/O St. Helen’s Church Great St. Helens London EC3A 6AT

Governing Document

Constitution dated 19 September 2017

Charity Registration Number

1174727

Trustees

Revd Mark Burkill (Chair) Mr Brian O’Donoghue Mrs Karen Soole (appointed 22[nd] April 2020) Mr Lee McMunn (appointed 9[th] September 2021) Revd Richard Farr (stood down 9[th] September 2021) Revd William Taylor (stood down 9[th] September 2021)

Bankers

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

Independent Examiner

Jacob Farley ACA

Stewardship 1 Lamb's Passage London EC1Y 8AB

Re New Conference Charity registration number: 1174727

1

Trustees’ annual report

For the 12-month period ended 31 March 2021

The Trustees of the charity submit their annual report and the financial statements for the 12-month period ended 31 March 2021.

Structure, governance and management

Re New Conference (‘Re New ’), was incorporated on 19 September 2017, with charity number 1174727 and is governed by its Constitution. Its legal status is that of a Charitable Incorporated Organisation whose only voting members are its charity trustees.

The Trustees delegate the practical planning of the Re New Annual Conference to the Re New Planning Team, which is made up of representatives from the Trustees, Regional Leaders, Anglican Mission in England, and Church Society. The Trustees delegate the practical planning of the Re New Future Leaders Conference to a group including Trustees and Regional Leaders.

Governance

Re New is overseen by the Trustees. In accordance with the governing documents, there are currently five Trustees. There must be at least three charity trustees. If the number falls below this minimum, the remaining Trustee or Trustees may act only to call a meeting of the charity trustees or appoint a new charity trustee. Trustees remain appointed until such a time as any provision under point 12. (1) or (2) of the constitution occurs.

Apart from the first charity trustees, every trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

Re New employs an administrator to assist with operational activities. All Trustees are non-executive and are not remunerated for their services. Out-of-pocket expenses may be claimed by Trustees when they are engaged on Re New activities.

Trustees’ Responsibilities

Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.

We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Objects

Re New ’s objects are specifically restricted to the advancement of the Christian faith for the public benefit in particular but not exclusively by:

In shaping Re New ’s objectives for the 12-month period and planning our activities, the Trustees have considered the Charity Commission’s guidance on public benefit.

Re New Conference Charity registration number: 1174727

2

Overview of Activities

The main activity of Re New is the provision of an annual conference that is organised to serve church ministers and leaders from across England, as we seek to pioneer, establish, and secure healthy local Anglican churches inside and outside the Church of England.

Re New has regional groups that meet across the country between our annual conference to advance the gospel in their region. Regional Leaders from these groups meet several times through the year to be supported and equipped in different areas to further the Re New agenda.

The Future Leaders Conference was launched in 2020 to assist local churches identify and raise up the next generation of gospel workers.

Re New ’s vision of pioneering, establishing and securing a nation of healthy local Anglican churches, is supported by the Anglican Mission in England and Church Society .

Achievements in the Period

The annual Re New Conference was held in online (14 September 2020) due to the COVID-19 pandemic. There were 956 delegates from churches across England registered for the event. The venue New Dock Hall, Leeds, kindly allowed us to postpone our booking with them until September 2021. New Dock Hall has a capacity of 1,200 people, providing room for growth in the coming years (God willing). The 2020 conference was the seventh year that the Re New conference had run. At the conference, we focussed on having unchanging convictions in a changing world.

ReNew ran its first webinar event Living in Love and Faith 16[th] November 2020. There were 515 delegates who registered to attend the webinar.

The ReNew Future Leaders Conference was also held online (16 January 2021) due to the COVID-19 pandemic It was the second year Re New hosted its Future Leaders Conference in January 2021. There were 189 men and women from churches across England who registered. Together delegates considered prayerfully whether they should be serving as set apart full-time or bi-vocational church leaders or workers.

On 29 June 2021, we held our Regional Leaders Gathering at St Andrews Undershaft, London where we discussed matters of governance in Re New and also planned and prayed for the 2021 conference, which was held inperson as the government relaxed all COVID-19 restrictions. At the Regional Leaders Gathering, the Trustees consulted with the Regional Leaders regarding the 31:8 recommendations report and discussed plans for the Annual Conference 2021 and Future Leaders conference 2022.

Financial Review

At the period end total receipts were £73,789 and payments were £45,016 as shown on the ‘Receipts & Payments account’ (page 6).

A restricted donation of £8,300 was received for church planting in Liverpool by Re New Churches.

The gift aid recovered on the donation made last year for the Church Planting Restricted Fund was received and added to this fund.

All other funds held at the period end were unrestricted and were carried over into the new financial year to aid cash flow until conference registrations opened in June 2021.

In response to the COVID-19 outbreak in March 2020 and legal restrictions around large in-person gatherings, the Trustees and Planning Team decided to move the 2020 Annual Conference and 2021 Future Leaders Conference online. With no expected change to major donations, and asking delegates for donations to assist in covering costs in producing online conferences.

Re New Conference Charity registration number: 1174727

Reserves Policy

The Trustees agreed that £10,000 was an appropriate amount for the reserve policy. This covers three months of operating costs, and an additional amount to account for the fluctuation in expenditure from the conference in September.

Despite the COVID-19 outbreak, and moving our conferences and events online, the trustees are pleased to report that we have been able to maintain our required reserves heading into the 2020-21 financial period, and there are currently no concerns of falling below this in the foreseeable future. The trustees will continue monitoring income and expenditure and, if it becomes necessary, take measures to mitigate the financial impact.

Plans for Future Periods

Re New will continue to fulfil its objects as described above with ongoing growth in the number of delegates at its conference, and the number of churches identifying with the Re New agenda.

Approval

This annual report was approved by the trustees on 27 January 2022 and signed on their behalf by:

Brian O’Donoghue Trustee

Re New Conference Charity registration number: 1174727

Independent Examiner’s report

I report to the trustees on my examination of the accounts of ReNew Conference ('the charity') for the year ended 31 March 2020 on pages 5 to 7 following.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or

  1. the accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Jacob Farley ACA

Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

Date: 28 January 2022

Re New Conference Charity registration number: 1174727

Receipts and Payments Account

For the year ended 31 March 2021

Notes
Income receipts
Donations and legacies
Grants received
Tax refunds under Gift Aid
Conference registration fees
Other income
Advertising fees
Total receipts
Payments
Payments in relation to charitable
activities undertaken directly
2
Total payments
Net of receipts / (payments)
before transfers
Transfers between funds
Net movement in funds
Cash funds as at last year end
Cash funds at this year end
A		 Unrestricted
General
Funds
£
4,550
22,414
768
-
1,721
3,575
33,027
33,027
15,555
15,555
15,555
17,473
-
17,473
27,007
44,480		 Restricted
Funds
£
-
37,762
3,000
-
-
40,762
40,762
29,462
29,462
29,462
11,300
-
11,300
12,150
23,450		 2021
£
4,550
60,176
3,768
-
1,721
3,575
73,789
73,789
45,016
45,016
45,016
28,773
-
28,773
39,157
67,930		 2020
£
24,831
54,592
-
83,578
-
3,250
166,250
166,250
165,567
165,567
165,567
683
-
683
38,474
39,157

The notes on page 8 and 9 form part of these accounts.

Re New Conference Charity registration number: 1174727

Statement of Assets & Liabilities

For the year ended 31 March 2021

A
Cash funds
Cash at bank with immediate
access
B
Other monetary
assets
Gift aid due to charity
C
Liabilities
Unbilled fee for Independent Examination
D
Assets retained for charity's own use
Desk, Computers and IT		 Unrestricted
General
funds
£
44,479
44,479
-
-
900
900		 Restricted
funds
£
23,450
23,450
3,038
3,038
-
-		 2021
£
67,929
67,929
3,038
3,038
900
900
Cost
£
2,122
2,122		 2020
£
39,157
39,157
3,038
3,038
1,110
1,110
Current
value
£
1,273
1,273

E Guarantees and secured debts

The charity has not given any guarantees and has not provided its assets as security for any liabilities.

The accounts were approved by the trustees and signed on their behalf

by Brian O'Donoghue

date: 27 January 2022

The notes on page 8 and 9 form part of these accounts.

Re New Conference Charity registration number: 1174727

Notes to the Accounts

For the year ended 31 March 2021

1 Accounting policies

The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.

Unrestricted
General
funds
£
2 Payments in relation to charitable activities undertaken directly
Conference venue hire
2,372
Employment costs
454
Consultant's costs
3,445
Printing, postage & stationery
173
Audio-Visual Hire
4,020
Travel & accommodation
123
Office, Administration &
Insurance
48
Catering
-		 Restricted
Funds
£
29,462
-
-
-
-
-
-		 Total
2021
£
2,372
29,916
3,445
173
4,020
123
48
-		 Total
2020
£
112,713
29,870
2,383
2,779
3,954
3,218
1,788
604

Re New Conference Charity registration number: 1174727

Software subscriptions
Website fees
Bank charges
Speakers' Fees & Expenses
Staff training
Office Equipment
Governance - Accounts Prep and
Examination		 3,517
200
93
-
-
-
1,110
15,555		 -
-
-
-
-
-
-
29,462		 3,517
200
93
-
-
-
1,110
45,016		 2,256
408
84
2,820
56
1,854
780
165,567

3 Transactions with related parties

There were no transactions with related parties.

4 Movement on restricted funds

General funds
Restricted funds
Conference Fee Subsidy
Employment Costs
Church Planting Fund
Church Planting Fund (Liverpool)
Total funds		 Balance
at 31.03.20
£
27,007
27,007
150
-
12,000
12,150
39,157		 Receipts
£
33,027
33,027
-
29,462
3,000
8,300
40,762
73,789		 Payments
£
(15,555)
(15,555)
-
(29,462)
-
-
(29,462)
(45,016)		 Transfers
£
-
-
-
-
-
-
-
-		 Balance
at
31.03.21
£
44,480
44,480
150
-
15,000
8,300
23,450
67,930

Re New Conference Charity registration number: 1174727