## **RENEW NE**
## **Report of the Trustees**
## **Financial Statements**
for the period ended 31 March 2021
A Charitable Incorporated Organisation Charity No. 1186767
## **RENEW NE**
## **Index to the Financial Statements**
for the period ended 31 March 2021
||**Page**|
|---|---|
|**Charity Information**|1|
|**Report of the Trustees**|2-5|
|**Statement of Financial Activities**|6|
|**Notes to the Accounts**|7|
## **RENEW NE**
## **Company Information**
for the period ended 31 March 2021
**Address and** 14 Carlington Walk **Principal Office** Newcastle upon Tyne Tyne & Wear NE13 9AN **Trustees and Management Committee** Valerie Jan Cowan Trustee Rev'd Philip James Medley Trustee Rev'd David Gray Trustee
(Appointed 20 January 2020) (Appointed 20 January 2020) (Appointed 20 January 2020)
**Principal Bankers** Barclays Bank plc Sunderland Branch Leicester Leicestershire LE87 2BB **Charity Number** 1186767 Charitable Incorporated Organisation Registered 05 December 2019
Page 1
## **RENEW NE**
## **Report of the Trustees**
for the period ended 31 March 2021
The trustees present their report with the financial statements for the period ended 31 March 2021. Given the nature of the organisation the trustees have chosen to adopt the provisions of the of the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005.
## **Administrative information**
The trustees who served during the period of this report, unless otherwise stated, were: were as follows:
|Valerie Jan Cowan|!"#$%&&|!"##$%&'() *+ ,-&.-/0 *+*+1|
|---|---|---|
|Rev'd Philip James Medley|!"#$%&&|!"##$%&'() *+ ,-&.-/0 *+*+1|
|Rev'd David Gray|!"#$%&&|!"##$%&'() *+ ,-&.-/0 *+*+1|
|Esther Jean Bailey|!"#$%&&|!"##$%&'()9 November1|
|**Structure, governance and management**|||
## **Governing document**
The organisation was founded under the terms of a Constitution, which acted as the governing document dated 05 December 2019. On that date, the organisation was registered as a Charitable Incorporated Organisation (CIO) with the name 'RENEW NE' (Registered No. 1186767)
## **Charitable objects**
The charitable objects of RENEW NE are as follows
To advance the Christian faith for the benefit of the public by Christian education mainly but not exclusively through: Christian youth camps, community missions, activity clubs, school partnerships and international exchange missions; providing support and activities to young people which develop
Page 2
## **RENEW NE**
## **Report of the Trustees**
for the period ended 31 March 2021
## **Structure, governance and management**
## **Appointment of trustees**
The charity trustees shall manage the affairs of the Charitable Incorporated Organisation. There must be at least three charity trustees. At every AGM, one-third of charity trustees shall retire from office. The charity trustees to retire by rotation shall be those who have served served for the longest period since their initial appointment or reappointment.
## **Organisational Structure**
The charity trustees may delegate any of their powers or function to a committee or committees.
## **Risk management**
The trustees have a duty to identify and review the risks to which the organisation is exposed and to ensure that appropriate controls are in place.
Page 3
## **RENEW NE**
## **Report of the Trustees**
for the period ended 31 March 2021
## **Achievements and Performance**
_During the reporting period a lot of work was undertaken discerning the direction of the Charity, including discussions with supporters and those know to the ReNEw who were keen to support work with young people. A lot of work was done to establish good governance and to investigate the best way to ensure Safeguarding and DBS certification were robustly embeded._
_Over New Year 2019/20 a successful residential was held at Wydale Hall near Scarborough for young people aged 16+._
_Further events were curtailed because of COVID 19 and this continued to be the case throughout the reporting period. There were activities hosted on line including discussions about the ‘new ‘normal’ which were attended by 35 people and two events for young people in August 2020 -Renew 1 and Renew 2 - which combined on-line activities with use of packs which were sent to the young people’s homes for the younger ones and quizzes, games and an escape room for the teenagers. Some face to face activities were done including working with young people and their families in bubbles at Seahouses_
## _Future Plans_
_Residential activity may be possible for summer of 2021 but it will be dependant on Scripture Union Scotland reopening their residential sites. We would look to reintroduce Breakthrough over New Year in 2021/22 but all in person activity will depend on the spread of new variants of COVID 19._
_Fund raising is to be a major feature for the coming year and John Stephenson is planning a pilgrimage from Holy Island_ . _to Durham during the early summer of 2021 which will be a prayer walk as well as a fund raiser._
Page 4
## **RENEW NE**
## **Report of the Committee**
for the period ended 31 March 2021
## **Financial review and reserves policy**
The results for the period show an excess of income over expenditure of £197 on a total income of £5,658, which the Trustees believe to be satisfactory given the nature of the organisation. In addition, the charity has significant reserves given its assets as at the date of registration.
General funds are to be retained and re-invested in accordance with the constitution. The trustees have examined the charity's requirement for reserves in the light of the main risks to the organisation. The aspiration is to maintain a general reserve of unrestricted funds sufficient to meet at least three months of budgeted expenditure on core function, in line with Charity Commission Guidance.
## **Statement of responsibilities**
The trustees are responsible for the preparation of the Annual Report and for preparing the financial statements in accordance with applicable law and UK Accounting Standards.
The Trustees should, on an annual basis, present an annual report & accounts which give a true and fair view of the state of affairs of the organisation and of the incoming resources and application of resources, including the income and expenditure, of the organisation for that period. In preparing those financial statements, the committee is required to:
- select suitable accounting policies and apply them consistently;
- - make judgements and estimates that are reasonable and prudent;
- - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the organisation will continue in business
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the organisation and to enable them to ensure that the financial statements comply with relevant legislation. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the trustees
> Chair Rev. Phil Medley
> Date 29th January 2021
Page 5
## **RENEW NE**
## **Receipts & Payments Account**
for the period ended 31 March 2021
|Notes
**Receipts**
Donations
(1)
New Year residential income
Other
Total income
**Payments**
New Year residential costs
Summer activity costs
Other
Total expenditure
**Surplus/(Deficit) of income over expenditure**
Notes:
1. Individual donations including:
- The United Refomed Church
**Statement of Assets & Liabilities**
As at 05 December 2019
Bank balance as at 05 December 2019
As at 31 March 2021
Bank balance as at 31 March 2021|**Unrestricted**
**funds (£)**
Period to
31 March 2021
2,575.61
3,081.94
-
5,657.55
5,037.37
1,038.91
625.03
6,701.31
**(1,043.76)**
£
2,000.00
£
**5,797.54**
£
**5,994.58**|**Restricted**
**funds (£)**
Period to
31 March 2021
-
-
1,240.80
1,240.80
-
-
-
-
**1,240.80**
**Unrestricted Funds**
£
5,797.54
**Unrestricted Funds**
£
4,753.78|**Total**
**funds (£)**
Period to
31 March 2021
2,575.61
3,081.94
1,240.80
6,898.35
-
-
-
**-**
**197.04**
**Restricted Funds**
£
-
**Restricted Funds**
£
1,240.80|
|---|---|---|---|
Page 6
**RENEW NE**
## **Notes to the Accounts**
for the period ended 31 March 2021
## **1 ACCOUNTING POLICIES**
## **Accounting Convention**
The financial statements have been prepared in accordance with the requirements of the Charity Commission.
## **2 INDEPENDENT INSPECTION**
The accounts have not been independently examined. Only those charities with gross income of more than £25,000 in their financial year are required to have their accounts independently examined or audited.
## **3 BASIS OF PREPARATION**
Under the Charity Commission's ' _Charity reporting and accounting: the essentials_ ' guidance (published Jan-2013) charity accounts must be prepared either on the receipts and payments basis or the accruals basis. The receipts & payments basis may be adopted where a charity has a gross income of
£250,000 or less during the year. These accounts have therefore been prepared on this basis.
The detailed legal requirements for the trustees’ annual report are set out in The Charities (Accounts and Reports) Regulations 2008 which provide the legal underpinning for the recommendations made in the Charities SORP.
Page 7