The Charity Registration Number is :_ 1191670 RENEWAL CHAPEL LIVERPOOL CHURCH Report and Accounts 31 December 2022
RENEWAL CHAPEL LIVERPOOL CHURCH Report and accounts for the year ended 31 Decembèr 2022 Contènts Page Charity Infomiation Trustees. Annual Report Statement of Trusteess, rnsponsibilities Independent Accountant's Report Funds Statements... Slalemeni of Financi81 Activities Movetnents in funds Income and Expenditure accounl Balancè sheet Notes to the accounts 10 14 15 16 18
RENEWAL CHAPEL LIVERPOOL CHURCH Trust•es' Ant)ual Report for the year ended 31 Dewnber 2022 The Trustees present their Report and Acccojnts for the year ended 31 D*mber 2022. Reference and administrative details The charity name. The legal name of the charity is:_ RENEWAL CHAPEL LIVERPOOL CHURCH. The charity is also knovm by its opefating name. RENEWAL CHAPEL LIVERPOOL CHURCH. rh• charity's areas operation and UK charitable registstion. The ch8rity 15 registered in England & Wales with the Charity Commission in England & Wales ICCEW) wth charrty number 1191670. The ch8rty does nol operate in any overseas juris11i0ns. Legol structure of the charity The tharity wnslrtuled a3 a Charitable Incorporated Organisation {CIOI in England & Wales. The governing document of the charity is the conslilulion of thè CIO as approved by the Chanty Commission in England & Wales ICCEW) . The governing document is dated 06 October 2020 There are no restrictions in the goveming documents on the operakn.on of the Charity or on ils investment powers other than those imposed by Charity Law. The trustees arè all Indidal$.
RENEWAL CHAPEL LIVERPOOL CHURCH Tru$tees' Annual Report for the year ended 31 Dteèmber 2022 The principal opèrating Iddress, telephone number, email and wèb addresses of the charity are.'- 15 COLLEGE CLOSE PRENTON, CH43 9XP Telephone'07840255766 Email Address slephen.chaman gm8il.coffl Web address https'.IlrenevrdIchapellivejOI.orgI The TrustÈ•s in office on the date the rèport was approved wer•.'_ Shahid M8hmood John Stephèn Chaman Shamim Xavier The followlng persons seNed as Tru5tO8s during the year 31 Docembei 2022:. The trustees who served as a Injstee in the rewb.ng period were as Sh[ abovè, and Ihere were no changes during the year, or in the period between the year end and the approval of the accounts. All the Iruslees are also members of the charity. Objects and activities of the charity The purposes of thg charity as set out in Its governing documenL To advance the Christian religion for the benefit of the public in Liverpool in accordance with the slalemenl of faith by holding services of prayer and worship, providing faith teaching and delivering Christian outreach. The main activities undertaken in relation to those purposes during the year.
RENEWAL CHAPEL LIVERPOOL CHURCH Trustog8' Annual Report for the year ended 31 Drntser 2022 Throughout the coutse of the year. the dedicated team at the RCLC meticulously adhered to the comprehensive guideline5 laid out by the Commission on matters of public benefit. We focused our efforts on the specific provisions and detailed guidance pertaining to charitable organrzalions that are dedicated lo the promotion and advancement of religion. In doing so, we made it our mission to ensure that our activities were not onty in acrdanCe with these guideline5 but also served lo embody the core lenels of our farth. Our eornrnitmenl to inclusivty and cornmunty engagement was fleC1ed in our approach. We extended a warm and welcoming invitslion to individuals from all walks of life, enabling them lo become an integral part of the parish community. Within the nurturing embrace of our cenler, we offed a sacred space for worship and eontemplative prayer. creating an environment that loslered spiritual growth and connection to the divine. As part of our educational efforts. we diltgendy provided comprehensive teachings on the Gospel. illuminating the profound messages contained within ils sacred texts. Our aim was lo empower individuals with knowledge. helping them deepen their faith and enhance their understanding of Jesus, life and teachings. Through a variety of educational Pfograms, we encouraged participants lo explore their spirituality and engage with the rich tapestry of religious traditions. Furthemiore, our pastoral care initiatives were a testament to our eornmitmenl to the well-being of those In the parish community. We undertook missionary work with a heartfelt dedication, striving lo ach out to individuals in need and those who sought spiritual guidance. Our outreach prograrns were designed lo offer solace and support, ensuring that no one in our pansh felt alone or wilhoul the nurturing care of a community that shared their faith Our activities at the RCLC over the year were characterized by a meticulous adherence lo guidelines, an open and inclusive approach lo community involvement. comprehensive religious education, and a genuine commitment to pastoral care for our parish members, demonslraling our unwavering dedication to promoting the advancement of religion and public benefit in our community The main activities undertaken during the period
RENEWAL CHAPEL LIVERPOOL CHURCH Trustees. Annual Report for the year ended 31 December 2022 The RCLC is committed to providing an array of se1$ throughout the year, carefully designed to meet the spiritual and communal needs of our diverse community. Our programs have been thoughtfully slfuctured lo offer enriching and spiritually sab"sfying experiences_ One of the cornerstones of our offerings is the Sunday prayer service, a cherished and integral part of our church calendar. Our Sunday prayers are meticulously crafted to create an atmosphere of Intimacy, peace, and reflection. providing our congregation wlh a serene space for worship and spiritual connection. These services serve as a source of solace and inspiration, allowing allendees to deepen their relationship their faith. In addition lo our prayer services, we have cullivaled a nurtunng environment for young people lo explore and learn about Christianity and the beliets of our church. Through engaging and age- appropriate programs, we aim to impart the foundational teachings of Christianity, fostering a strong foundabon for their spiritual growth. Our efforts have also been directed towards WelmIng families with children into our church community. In doing so, we have played a pivotal role in enhancing their understanding of Christian beliefs. By offering educational programs and resources. we have contributed lo the spiritual development of not only the adults bul also the younger members of our con9regalion, thus nurturing a multi-generational environment of faith. We extend a wami and open invttalion to everyone in our Community lo join us for our regular services. Currently. our congregation boasts with 90 new members welcomed over the course of the year Testament lo our vibrant and inclusive community. our average weekly allendance throughout this year has been a commendable 90 individuals. sh(Iwcasing the dedication and active engagement of our congregab.on in the spiritual life of the RCLC. RCLC offers a comprehensive suite of services and activibes designed to cater to the diverse needs of our community. whether through prayer. youth education, or fostering a welcoming atmosphere for families. We lake pride in our growng congregation, reflective of the positive impact our cenler has in the lives of those who seek spiritual enrichment and community engagement. The trustees have ha¢J regaid to the Chartty Comm*55ion'5 guidance on public benefit in managing the activities of the tharity. The main achievements and perforniance of the charity during the year. Through a melieulously planned array of services and activities. the church has successfully facilitated an atmosphere of spinlual growth and communal engagement. This is exemplified by consistently high attendance al its Sunday prayer services, where parishioners find an Intimate and peaceful space for worship and reflecb"on. Furthermore. the church's unwavering dedication lo providing young people wth opportunities lo explore and understand Christian beliefs has contributed lo the religious education and development of the next generation. A significant accomplishment ha5 been the warm embrace of families wtlh children, resulting in increased understanding of Christian beliets within this demographic. In essence, the church's performance underscores its role as a beacon of spiritual enChInent and inclusive community engagement
RENEWAL CHAPEL LIVERPOOL CHURCH Trustees. Annual Report for the year end•d 31 December 2022 The difference the charity's perfomiance during the year has made to the beneficiaries of the charity. The church'5 performance during a specific period has made several drfferences in term5 of benefits lo its beneficiaries. whieh include the congregation and the wider community. Spiritual Growth and Connection.. The church's performance can impacted the depth of spiritual growth and connection experience(J by its congregation. Providing more in-depth and engaging religious services, semions. and programs can lead to a stronger sense of spiritual fulfillmenl and a closer connection to their faith. Youth Engagement and Education: The qualty and variety of programs offered to young people can significantly impact their understallding of Christianity- Enhanced educational inib"atives, engaging activities, 2nd opportunities for personal growth prOVed a more pfolound impact on the younger members of the congregation. Community Inclusivity". The church's commitment to welcoming familie5 with children and fostering a sense of community can created a more inclusive and lightly-knil parish. A church's performance in creating an atmosphere of wamith and belonging made a significant benefit to both current members and newcomers. Community Outreach.. The impa¢t of the church's outreach programs and support for the wider community measured in terms of the number of people assisted. the depth of support provided, and the positive Changes brought about in the lives of those in needed. The degree to which the achievements and perfomiance during the year have benefited wider society. The church ha5 salisfectorily achieved the performan¢e metrics and goals as discussed above, and this success has exlended its benefits lo a broader sooielal context. The achievement5 and performance of the church during the penod have indeed benefited the wder society in several meaningful ways. Structure, governance and management of the charity The methods used to recruit and appoint new charlty trustees. The existing trustees are responsible for the recruilmenl and appointment of new trustees. The process consists of the current tK)ard of trustees are looking for a new trustee. All interested applicants are invited lo send their CV5 highlighting their strengths and how they can make a positive conlnbubon to the charity. Any new trustees must go through one-year probation befofe they become permanent members.
RENEWAL CHAPEL LIVERPOOL CHURCH Tru$tees' Annual Report for the year ended 31 Decèmber 2022 Financial review The charity's financial position at the end of the year ended 31 December 2022 The financial position of the charity al 31 December 2022 and comparative5 for the prior period, as more fully detailed in the accounts. can be summarised as follows".- 2022 2021 Net incomè 5.352 6.291 Unrestrieted Revenue Fund5 availablè for the general purposes ol the charrty 11,643 6.291 Tolal Funds 11,643 6,291 Financial review of the position at the reporting date. 31 December 2022. Funds available are sufficient to pemiit the charity lo continue operating in the medium lo long lemi. The day-t041ay running of the church is supported by voluntary donations. There are no uncertainties al)OLrt the charity contsnuing as a going concem. Policies on reserves. Reserves are vital lor ensuring the long-term financial stabilrty and sijstainability of the church, enabling it lo fulfill ils mission, support ils operab"ons. and provide ongoing services lo the community. The church has the following policies.. 1 Operating ReseThe." This reserve is designated to Cover short-tem cash flow fluctuations, unforeseen expenses, and emergencies that may arise during the church's day-to-day operations. It ensures that essential services and programs can be maintained without Interruption. 2 Expansion and Development Reserve." This reseNe is earmarked for future expansion, development projects, or majof capital expenditures. 11 aims lo support the ehurch's growth and strategic inilialives, including the conslruebon or acquisition of additional facilities to accommodate the evolving needs of the community- The mosque's reserve policy is communicated lo relevant stakeholders, including the b08rd of Iruslees. church management. and the eommunity. lo foster transparency. understanding, and confidence in the church's financial management practices. This reserve policy is reviewed periodically, or as necessary, to ensure ils alignment with the church's evolving financial need5 and compliance with applicable regulations and best practices. Any revisions or updates to the policy shall be approved by the t)oard of trustees.
RENEWAL CHAPEL LIVERPOOL CHURCH Trustees, Annual Report for the year ended 31 December 2022 Availability and adequacy of assets of each of the funds The board of trustees is satisfied that the charitys assets in each fvnd are available and adequate lo fulfil its obliqations in respect of each fund. Statoment of Trustees. Responsibilities The charity5 trustees are responsible for the preparakn.on of the accounts in aecordanee wth the terms of the Charities 2011 and the Charities {Accounls and Reports) Regulations 2008. Nolwilhstanding the explicit requirement in the extant statutory regulatsons,Ihe Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been wthdrawn. the Trustees detefmined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended practi for Accounb'ng and Reporting by Charities) 2015, las amended by Ihe Bulletsn issued in October 2018 and applicable lo all accounting periods Winnin9 on or after 1 st January 20191. (The SORPI. In particular, charity law requires the Tnjslees, if Ihey prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charity as al the end of the financial year and of the surplus or deficit of the charity. In preparing those financial stslements the Trustees are required to -_ - to prepare the accounts in accordance th United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law}. select suitable accounbng policies and apply them consistently", make judgemen15 and ests"males that are reasonable and prudent". prepare the financial stslements on the going concern basis unless il is inappropriate to presume that the charity will conts.nue in business.. stale whether applicable accounting standards and statements of recommended practice have been followed. subject lo any material departures disclosed and explained in the financial stslements". The law requires that the trustees musl not approve the accounts unless they are satisfied that they give a true and fair view of the slate of affairs of the charity and of the surplus or deficit of the charity for the year. The TTUStees are also responsible for maintsining adequate accounting records which disclose with reasonable accuracy al any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial slalemenls compty with regulations made under the Chanlies Act 2011. They are also responsible for safeguarding the assets of the charity anij hence for taking reasonabk slep5 for the prevention and detection of fraud and other irregularities.
RENEWAL CHAPEL LIVERPOOL CHURCH Trustses. Annual Rèport for the year ended 31 Dee•mbar 2022 The Trustees are a150 responsible for the contents of the Trustees. report, and the statutory responsibility of the Independent Examiner in relation to the Tru5t8es' report 15 limited to examining the report and ensuring that . on the face of the report. there are no rnaterial inconsistenaes th the figures disc105ed in the financial statements. This report wa5 approved by the board of trustees on 31 October 2023. John Stephen Chaman Trustee
RENEWAL CHAPEL LIVERPOOL CHURCH Roport of the Independent Accountsnt to the Trustees of the charity on the accounts for the year ended 31 Decernber 2022 We report on the financsal staternents of RENEWAL CHAPEL LIVERPOOL CHURCH for the year ended 31 December 2022, as set out on pages 10 to 22. which comprise the Statement of Financial Activities. the Income and Expenditure Account. the Balance Sheet and the relaled notes lo the financial statements, induding a summary of signifficant accounting policies. In our opinion. the accompanying financial statements of Ihe charity are prepared. in all material respects, in ac(x)rdan¢e with charity law applicable within the jurisdiction ol England & Wales 8nd the accounts have been prepared in accordance with FRS 102 SORP (Statement of Recommended Practice lor Accounting ar Reporting by Charities) 2015. las arnended by the Bulletin issued in Octobèr 2018 and applicable to all ac(ounb"ng peric¥Js beginning on or after 1st January 20191, (The SORPI. published by the Charity Commi55ion in England & Wales ICCEW) . effective January 2016, under the histoncal cost convention. and in accordance with Ihe accounting poliues set out on page 18. which framework constitutes the applicable Uniled Kingdom Generally Accepted Accounting Practice. R8spectlve responslblllties of the director5 and the accountsnt As described on page 7, you, the thariV$ Trustees are $[1)nSible for th¢ pt¢parati¢Jn of the accounts. The Tnjstees consider that the audit requir1 of secb.on 144{11 ofthe Chariiies Acl 2011 Ithe Act) does not apply, and Ihat theie is no requirement in Ihe Goveming DoGument foi the conducting of an audil. The Trustee5 also consider the charity to be exempt from the requirement to be subject to Independenl Examination. Our fesponsibility is to prepare acrJ)unts upon the basis of thè infomwtj.on supplied to us, vlthout conducting any formal scrutiny. No statèment of oplnlon We have not carned out any audit procedures and have relie(l upon Info8110 supplied lo us by t Trustees. and the infomiation supplied by the Trustees in the course of the examinatlon 15 not subjected tts audit tests or enquiries, and conseqtjenuy we do not express an audit or other assurarKe DnIOn on the view given by the accounts. Signed-. Karnran Mukhtiar on behalf of Aahil & Co Accountsnts Ltd- Independent Accountant ACCA Smrthdown road Liverpool United Kingdom L7 4JG This report Was signed orb 1 November W23
RENEWAL CHAPEL LIVERPOOL CHURCH - Ststement of Financial Activities for the year ended 31 December 2022 Statement of Financial Activities for the year ended 31 December 2022 SORP R•f ¢utyont year ilnrnstrlctsd Funds Curr•nt year Restslctod Fund5 Current •1 Tolal Funds Prlor Yoar rotal Fund$ 2022 2022 2022 2021 In¢orne & Endowments from: Donation5 & Le9a¢ie$ A1 11,246 11,246 8,49) Expenditure on: Raising funds Charitable ad1Ve$ B1 4.753 1.141 4.753 1,141 2.199 Total expeniliture 5.894 5,894 2,199 Net intome for the year 5,352 6,362 6,291 Transfers beiween funds 38 Ngt income after tran¥fer8 A-B-C 6,190 6.190 6,291 Net movement In funtls 6,190 6,190 6,291 Re¢on¢iliation of funds:. Total lund$ brought fonvard 8.130 8,130 1.839 Total funds ¢arried forward 14.320 14.320 8.130 The'SORP Ref indicated above is the dassificab.on of incorne set out in the forTnal SORP document5. A5 reqUId by paragraph 4.60 of the SORP. the brought fowdfd and carried forwrnril fund5 above have been agreed to the Balan Sheet A separate Statement ol Totsl ReCniSed GaIr arnj LOS is not required as thi5 5taternenl includes all OgnISed gains an¢ losses. I the pnor year transadions wefe unrestri¢¢ed iiems. ar¥J no lurther analysis ts wuited l activities derive from continuing operats.ons 10
RENEWAL CHAPEL LIVERPOOL CHURCH - Statement of Financial Activities for the year ended 31 December 2022
RENEWAL CHAPEL LIVERPOOL CHURCH - Statement of Financlal Actlvities for the year ended 310ecember 2022 12
RENEWAL CHAPEL LIVERPOOL CHURCH - Statement of Financlal Activities for the year ended 31 December 2022 RENEWAL CHAPEL LIVERPOOL CHURCH - Resources applled In the year ended 31 December 2022 towards fixed assets for Charity use:. 2022 2021 Funds generated in the year as detailed in the SOFA Resources applied on fvnctional fixed assels Othei applications of funds 6,190 18381 e,291 Net resou¢$ avallable to fund charltable adivltles 6,352 6,291 13
RENEWAL CHAPEL LIVERPOOL CHURCH - Ststement of Financial Actlvities for the year ended 31 December 2022 Movements in revenue and capitsl funds for thg year ended 31 December 2022 Revenue accumulated funds UnfeStrf¢tsd Fund Total Last y•ai Total Fund5 2021 Funds Funds 2022 2022 2022 Accumulated lunds brought forward 8,130 8.130 1.839 Re¢ognised gains and losses before transfers 5.352 5.352 6,291 13,482 13.482 8,130 (Frim)O unrestricted VenUe funds CIo8lng venUe fund8 14.320 14.320 8.130 Summary of funds Unraslrlcted Toial Latst Year and Dgslgn•tod 2022 Funds Funds Total Fund5 2022 2022 2021 Renue accumulated funds 14.320 14,320 8.130 14
RENEWAL CHAPEL LIVERPOOL CHURCH - Statement of Flnanclal Activities for the year ended 31 December 2022 RENEWAL CHAPEL LIVERPOOL CHURCH Income and Expenditure Account for the year ended 31 December 2022 as requlred by the Companies A¢t 2006 2022 2021 Income Income from operations 11,246 8.490 Investment income Gros8 incfjmè in the year before excep011 items 11,246 8.490 Gross income in the year In¢ludln9 exceptional item$ 11,246 8.490 Expenditur• Charitats expenditure, exdudirvJ depreaation and amorbsation Fundra15ing costs Realised lo$$es on disposals of swal inve5bnents which a programrr@ related 1.141 4,753 2.199 Total expenditure In tht year 5.894 2.199 Net in¢orne before tax In the financlal year 6.352 6.291 Tax on surplus on ordinary a¢bVe$ Net income after tax in the financial year 5.3S2 6.291 Retalned surplus for the financlal year 5.352 6,291 All activities derive from continuing operations In a¢cor(lan¢e wth the provisions of the Compan*s Ael 2006. the headings and $ubheadin9s used in the Income and Expendrture account have been adapted to rellèet the speual natu ol the charity's activrties. 15
RENEWAL CHAPEL LIVERPOOL CHURCH - Balance Sheet as at 31 December 2022 SORP Note Ref 2022 2021 Fixed assets Tangible assets 2.677 1.839 Current assets Cash at bank and in hand 12.043 6,291 Creditors.. amounts falllng due within one year 9 C1 14(KJl Net ¢urrent assets 11,643 6.291 The total net a$$ets of the Charity 14,320 8,130 The totsl net assets of thè Charity are funded by thè fund# of the chartty. as follows.'- Restricted funds Unrestricted Funds Unrestricted Revenue Funds 14 D3 14,320 8.130 14.320 8.130 Designated Funds Total charity funds 14,320 8,130 The'SORP Rtrf indicated above 13 the GFassikntion of Balance Sheet items a$ $ei out in Ihe formal SORP documents. As required by paragraph 4.60 of the SORP, the bfought forvdrd and carried fOard funds above have been agreed lo the SOFA.. The Trustees acknovledge their responsibilities for comptying with the requirements of charity legislation wrth respect to accounting records and the preparauon of accounts. The Trustees are satisfied Ihal. atthough the charity is not registered under the Cornpanies Acts, if it were so registered. it would be eligible lo prepa accounts in accordance wth the provisions in Part 15 of the Companies Act 20(E. applicable to companies subject to the small companies regime. John Stephen Chaman Trustee Approved by the board of Irustees on 31 October 21r23 16
RENEWAL CHAPEL LIVERPOOL CHURCH - Balanee Sheet as at 31 December 2022 Th• notes attaehèd on pages 19 to 20 forni an integrnl part of these accounts. 17
RENEWAL CHAPEL LIVERPOOL CHURCH Notes to the Accounts for the year ended 31 December 2022 1 Accounting pollcles Policies relating to the production of the accounts. Basis of preparation and accountlng Convention The accounls have been prepared on the accruals basis, under the historical c051 convention, and in accordance with the Financial Reporting Standard 102. (effeelive 1st January 20161 and 'FRS 102 SORP Islalemenl of Recommended Pr3¢lice for Aecounting and Reporting by Chariliesl 2015, las amended by the 8ulletin issued in O¢tob&r 2018 and applicable to all accounting periods beginning on or after 1st January 20191. (The SORPI, published by Ihe Charity Commission in England & Wales ICCEWI èffective January 2016, and in accordance wlh all applicable law in the charty's junsdielion of registratlDn, except that Ifie charity ha5 prepared the financial slalemenls in accordance wth the FRS 102 SORP (Statement of Recommended Piaclice for Aecounting and Reporting by Chariliesl 2015, las arnended by the Bulletin Issued in October 2018 and applicable lo all accounting periods beginning on or after 1st January 20191. (The SORPI. in preference to the previou$ SORP. the SORP 2005, which has been withdrawn. notwilhslanding the fact that the exlant statutory regulations. the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord wth cutrent Risks and future assumptions The church is a public benefit entity, ECorMiC downtums or unexpected financial challenges may impact the donations received by the church. This can lead to difficyllies in funding projects and delivering the intended services to the community The church assumes that technologi¢al advancements wll continue lo improve ils operations. fundraising capabilities, and communicabon with donors and beneficiaries. It anticipates leveraging digital platfomis and tools to enhance efficiency and reach a wider audience. Policles relating to eategories of income and income Ye¢ognition. Policies relating to expendilu on goods and seiceS pmvided to the charity. Volunteer5 In aOranCe wth the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers. the contribution of volunteers Is not included wthin thè income of the charity. However, the trustees value the significant Contrrbution made to the activities of the ¢harity by unpaid volunteers and this is described more ftjlly in Note5. Policies relating to assets, liabilities andpmvislons and other matters. Tangible fixed assets Tangible fixed assets are measured at their original cost value, or subsequent revaluation. or if donated, as described above. Cost value includes 811 costs expended in bringing the asset into its intended working condition. If there is a minimLJm amount below which items are nol capitalised. Depre¢iation has been provided al the lollowng rates in order lo write off the assets lo their 8nts"cipaled residual value over their estsmated useful lives. Freehold premises Leasehold premises Plant and machinery Motor vehicles O % slraighl line 2 % slraight line 20 QA slraighl line 25 % straight line 18
RENEWAL CHAPEL LIVERPOOL CHURCH Notes to the Accounts for the year ended 31 December 2022 A règular annual review of the likelihood of asset ImpalmnI is undertaken. Creditors and provisions Creditors falling due within one year are other creditors. FLtnd Accountlng Unreslri¢ted funds are available for use 8t the discretion of the tru51ees in furtherance of the general objectives of the Charity. There are no designated furmys. There are no Stricted funds There are no endowment funds. 2 Liabillty to tsxation The Trustees consider that the ch8rity satisffies the tests set ¢yJt in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation lax purposes. Accordingly, the Charity is potentially exempl from tsxation in respect of income or capital g81115 received wthin categories covered by Chapter 3 part 11 of the Corporation Tax Act 2010 or Secknon 256 of the Taxats'on of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the levant costs In the Slalemenl of Financial Actiwties. 3 Wlnding up or dlssolutlon of the charlty 11 upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities. the assets represented by the ac¢umulaled fund shall be transferred to some other charitable body or bodies havinq similar objects lo the charity. 4 Slgnlficance of financial instruments to tho charlty's poshlon The are no sionifieanl implications of such matters. S The contribution of voluntsers The charity depends on the support of its volunteers. svhi¢h is much appreciated. The charity had 4 Volunteers who donated 832 hours of their lime stewarding events. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements. No employees received emoluments (excluding pension costs) in excess of £60,000 per annum. 6 Defined contrlbutlon penslon schemes The ¢harily does not operates defined contribution pension scheme. 7 Remuneratlon and payments to Trustses and persons connected wlth them 19
RENEWAL CHAPEL LIVERPOOL CHURCH Notes to the Accotsftts for the year ended 31 December 2022 No Iruslees or persons Connected with them receivéd any remuneration from the charity. or any related entity. 8 Tanglble flxed assets Current Year Land and Plant & Bulldlngs Machinery Motor Vehlcles Total Cost Al 1 January 2022 Additions 1.839 838 1,839 838 At 31 December 2022 2.677 Depreclatlon At 31 Decambar 2022 Nat book value At 31 December 2022 2.677 2,677 At 31 December 2021 1.839 1.839 Prlor Year Land and Plant & BLFildings Machinery Motor Vehicles Total Cost 11.8391 11.8391 Depreciation Net book value All assets a use¢J for direct charitable purposes. 9 Creditors.. amounts falllng due wlthln one year 2022 2021 Other creditors 400 10 Loans to trustees included In debtors 20
RENEWAL CHAPEL LIVERPOOL CHURCH Notes to the Accounts for the year end9d 31 Dgcembèr 2022 11 Guaranteos made by the charity on behalf of trustees 12 Income and Expenditure account summary 2022 2021 At 1 January 2022 Transfers in for the year Al 1 January 2022 Surplus after18x for the yeai 8.130 838 8,968 5.352 1,839 1,839 6,291 At 31 December 2022 14.320 8,130 13 Partlculars of how partlcular funds are represented by assets and Ilabllltles At 31 December 2022 Unrestrlctec Deslgnated Restrlcted funds funds funds Totsl Fund$ Tangible Fixed Assets Current Assets Current Liabilities 2.6T7 12.043 {4001 2.677 12,043 4001 14,320 14,320 At 1 January 2022 Unrestricte( Designated Restricted fvnds fvnd$ fvndg Total Funds Tangible Fixed Assets Current Assets 1.839 6.291 1.839 6.291 8.130 8.130 14 Change in total funds over the year as shown In Note 13 . analysed by Indlvidual funds Funds Movement brought In funds In forward 2022 from Trnnsfers beiween funds in 2022 Funds ¢arrled forward to 2023 Sg9 Nots 16 See Note 16 Unrestricted and doslgnated funds."_ Unrestricted Revenue Funds 8.130 5.352 838 14.320 Total unrestricted and designat 8.130 5.352 838 14.320 Total charlty funds 8.130 5.352 838 14.320 21
RENEWAL CHAPEL UVERPOOL CHURCH Notes to the Accounts for the year ended 31 December 2022 15 Analysis of movemènts in funds ovèr the yèar as $hown in Note 14 Other Galns & Losses 2022 Income Expenditurn Movement in fund$ 2022 2022 2022 Unrestricted and designated funds.". Unreslricled Revenue Funds 11.246 15.8941 S,352 5,894 5,352 22