The Charity Registration Number is :. 1191670 RENEWAL CHAPEL LIVERPOOL CHURCH Report and Accounts 31 December 2023
RENEWAL CHAPEL LtVERPOOL CHURCH Report and accounts forthe year ended 31 December 2023 Contents Page Charity infomation Trustees. Annual Report Statement of Trusteess. responsibilities Independent Accountanvs Report Fijnds Statements.-_ Slalemenl of Financial Activities Movements in funds Income and Expenditure account Balance sheel Note5 to the accounts 10 14 15 16 18
RENEWAL CHAPEL LIVERPOOL CHURCH Trustees. Annual Report for the year ended 31 December 2023 The Trustees pre8enl their Report and Accounts for the year ended 31 DKernber 2023. Reference and administrative details The charity name. The legal name of Ihe charity is:_ RENEWAL CHAPEL LIVERPOOL CHURCH. The charity is also knowrt by tts operating name. RENEWAL CHAPEL LIVERPOOL CHURCH. rh• charity's arèas operation and UK eharitabl• r8gistration. The charity is regislefe(l in England & Wales wth the Charity Commission in England & Wales ICCEWJ wilh charity number 1191670. The charity does not operate in any overseas juriSdtionS. Leg81 structure of the charity The charity is constitlrted as a Charitable Incorporaled Organisation ICIOI in England & Wales. The governing document ofthe eharity i¥ the constitution ofthe CIO as approved by the Charity Commission in England & W81es ICCEW) . The governing document is dated 06 October 2020 There are no reslriclions in the governing documents on the operation of the Charity or on ils investment powers other than those imposed by Charity Law. The trustees are all indiwdu815.
RENEWAL CHAPEL LIVERPOOL CHURCH Trustees. Annual Report for the year ended 31 tlecember 2023 The principal op•rating address, telephone number, emall and web addresses of the charity a:. 15 COLLEGE CLOSE PRENTON, CH43 9XP Telephone .07840255766 Email Address slephen.charnan gmail.com Web address https'.IlneW8Ich8peI1Iver)I.orgl The Trustees in office on the date the report was approved were:. Shahid Mahmood John Stephen Charnan Shamim Xavier The following persons 58rv8d as Trustee5 during the year ended 31 DKemlJer 21J23:_ The trustees who served as a truslee in the porting peri %we as Shown above, and there were no changes dLtring the yeaf. or in the period befvn the year end and the approval of the accounts. All the Iruslees are also members of the chanty. Objects and activities of the charity The purposès of the charity as sel out in its governing documgnt. To advance the Christian religion for the benefit of the publ 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 Trust9. Annual Report for tht year ended 31 December 2023 Throughout the course of the year. the dedicated team al the RCLC meticulously adhered lo the comprehensive guidelines laid out by the Commission on matters of public benefit. We focused our efforts on the specific provisions and detailed guidance pertaining to charitable organizations 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 accordance with these guidelines but also served to embody the core tenets of our faith. Our commitment to inclusivity and eommunty engagement was reflected in our approach. We extended a warm and welcoming invitation to indivsduals from all walks of life, enabling them lo become an integral part of the parish community. Within the nurturin9 embrace of oui center, we offered a sacred space for worship and contemplative prayer. creating an environment that fostered spiritual growth and conneth.on to the divine. As part of our educational efforts, we diligently provided comprehensive teachings on the Gospel, illuminating the profound messages contained within ils sacred texts. Our aim was to empower individuals with knowledge. helping them deepen their faith and enhance their understanding of Jesus, life and teachings. Through a variety of educational programs, we encouraged participants lo explore their spirituality and engage with the rich tapestry of religious Iradilions. Furthermore, our pastoral eare initiatives were a testsment lo our comrnitment to the well-being of those in the parish community- We undertook missionary work with a heartfell dedication, striving to reach out lo individuals in need and those who sought spiritual guidance. Otjr outreach programs were designed to offer solace and support. ensuring that no one in our parish felt alone or wilhoul the nurtunng care of a community that shared their faith. Our activities at the RCLC over the year were chara¢lerized by a meticulous adherence to guidelines, an open and inclusive approach to MMunity involvement, comprehen5sve religious education, and a genuine commitment tr) pastoral care for our parish members. demonstrating our unwavering dedicatson lo promotsng 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 2023 The RCLC is committed lo providing an array of services throughout the year. carefully designed lo meet the spiritual and eomrnunal needs of our diverse community. Our PTograms have been thoughtfully structured lo offer enriching and spirittjally satisfying expenences. One of the cornerstones of our offerings is the Sunday prayer service, a eheri5hed and integral part of our church calendar. Our Sunday prayers are meticulously crafted lo create an atmosphere of intimacy, peace, and reflection, providing our congregation wth a serene space for worship and spiritual connection. These services Serve as a source of solace and inspiration. allowng allendees to deepen their relationship with their faith. In addition lo our prayer services, we have cultNaled a nurturing environment for young people to explore and learn about Christianity and the beliefs of OLsr church. Through engaging and age- appropriate programs, we aim to impart the foundats.onal teachings of Christianity, fostering a strong foundation for their spiritual growth. Our efforts have also been direcled towards welcoming families with children Into our church community. In doing so. we have played a pivotal role In enhancing their understanding ol 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 congregation. thus nurturing a mulli-genefational environment of faith. We extend a warm and open invitation to everyone in our community lo join us for our regular services. Currently. our congregation boasts with 90 new members welcomed over the course ol the year. Testament lo our vibrant and inclustve community. our average weekly attendance throughout this year has been a commendable 90 individuals. showcasing the dedication and 8eb.ve engagement of our congregatson in the spiritual life of the RCLC. RCLC offers a comprehensive suite of services and activities designed lo cater lo the diverse needs of our community, whether through prayer. youth education. or fostering a welcoming atmosphere for families. We lake pride in our growing congregation, reflective of the positive impact our cenler has in the lives of those who seek spiritual enrichmenl and community engagement. The trtjslees have had regard lo the Charity Commission's guidance on public benefit Tn managing the activities of the charity. The main achievements and perfornianGe of the charity during the year. Through a meticulously planned array of serVIS and activitres. the church has successfully facililaled an atmosphere of spiritual growth and communal engagement. This is exemplified by consistently high attendance al its Sunday prayer services, where parishioners find an inlimale and peaceful space for worship and refleelion. Furthermore, the church's unwavering dedication to providing young people with opportunilies to explore and understand Christian beliefs has contributed to the religious education and development of the next generation. A significant accomplishment has been the warm embrace of families with 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 enrichment and inclusive community engagement.
RENEWAL CHAPEL LIVERPOOL CHURCH Trustees. Annual Report for the yèar èndèd 31 0mb•r 2023 The difference the ¢harity's perforniance during the year has made to the beneficiaries of the Gharity. The church's perfomiance durtng a specific period has made several differences in temis of benefits to its beneflar1eS. which include the congregation and the der community. Spiritual Growth and Connectson". The church's performance can impacted the depth of spiritual growth and eonneclion experienced by ils congregation. Providing more in4epth and engaging religious services, sermons, and programs can lead lo a stronger sense of spiritual fulfillment and a closer connection to their faith. Youth Engagement and Education". The quality and variety of programs offered to young people can significantly impact their understanding of Christianity. Enhanced educational inib"atives, engaging aclivilies, and opportunities for personal growth prOVed a more profound impact on the younger members of the congregab"on. Community Inclusivity". The church's cornmitment lo welcoming families wlh chIldn and fostering a sense of community can created a more inclusive and tighdy-knit parish. A church's performance in creating an atmosphere of warmth and belonging made a significant benefit lo both current members and newcomers. Community Outreach= The impact of the chUh'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 posibve chan9es bfought about in the lives of those in needed. The degree to which the achievements and perforniance during the year have benefited wider 30ciety. The church has sab"sfactonly achieved the performance melrics and goals as discussed above, and this success has extended ils benefits lo a broader societal context. The achievements and performance of the church during the penod have indeed benefited the wider society in several meaningful ways. Structure. governance and management of the charity The methods used to recruit and appoint new charity trustees. The exi51ing Iruslees are responsible for the recruilmenl and appointment of new trustees. The process consists of the Current board of trustees are looking for a new trustee. All interested applicants are invited to send their Cvs highlighting their strengths and how they can make a posit1ve contribution lo the charity. Any new tnjstees must go through one-year probation before they beme permanent members.
RENEWAL CHAPEL LIVERPOOL CHURCH Trustees, Annual Report for the year ended 31 Decemb•r 2023 Financial review The charity's financial position at the end of the year ended 31 December 2023 The financial position of the charity at 31 December 2023 and compaiatives for the prior period, as more fully detailed in the accounts, can be summarised as follows".- 2023 2022 Net income 13,544 5.352 Unrestricted Revenue Funds available for the general purpose5 of the charity 25.187 11,643 Total Funds 25,187 11.643 Financial review of the position at the reporting date, 31 December 2023 . Funds available are 5ufficienl to permit the charity lo wntinue operatsng in the medium to long term. The day-to-day running of the church Is supported by voluntary donations. There are no uneert2inties about the charity continuing as a going coneem. Policies on reserves. Reserves are vital for ensuring the lon9-lerm financial stabilrty and sustainability of the church, enabling il lo fulfill ils mission, support ils operations, and provide ongoing services lo the community. The church has the following wlicies". 1 Operating Reserve.. This reserve is designated to cover short-term cash flow ftuctualions. 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 reserve is earmarked for future expansion. development projects, or major capital expenditures It aims to support the church's growth and strategic initiatives. Including the conslrucb.on or acquisition of additional facilib'es to accommodate the evolving needs ol the community. The mosque's reserve policy is communicated to relevant stakeholders, including the board of Iruslees, church management. and the community. to foster transparency. understsnding, 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 needs and ompliance with applicable regulations and best pracb"ces. Any revisions or updates lo the policy shall be approved by the board of Injstees.
RENEWAL CHAPEL LIVERPOOL CHURCH Trustee5' Annual Report for the year Ènd 31 Decèmbèr 2023 Availability and adequacy of assets of each of the funds The board of trustees is satisfied that the charitys assets in each fund are available and adequate lo fulfil its oblioations in rest)ecl of each fund. Statement of Trustees. Responsibilities The charitys trustees are responsible for the preparation of the accounts in accordance with the lems of the Charities Act 2011 and the Charil*s (Accounts and Reports) Regulations 2008. Nol1h51andlng the explicit requirement in tt)e extant slatulory regulations,the 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 withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Stslement of Recommended Practice for Accounting and Reporting by Chanlies} 2015. las amended by the Bulletin issued in October 2018 and applicable lo all accounbng periods beginning on 01 after 1st January 20191, (The SORPI, In particular. charity law requires the Trustees. rf they prepare accounts on an accruals basis, lo prepare financial stalemenls for each financial year which gNe a true and fair view of the state 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 statements the Trustees are required to " - to prepare the accounts in accordance wilh United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. seleel suitsble accounting policies and apply them consistently", make judgements and eslimales that are reasonable and prudent". prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the charity will continue in business. slate whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial stalements". The law requires Ihat the trustees must not approve the accounts unles5 they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year. The Trustees are also responsible for maintaining adequate accounb'ng records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient lo show and explain the charity's transactions and enable them lo ensure that the financial slalemenls comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregulants"es
RENEWAL CHAPEL LIVERPOOL CHURCH Trustees. Annual Report for the year ènded 31 Oecember 2023 The Trustees a also responsible for the contents of Ihe Trustees. report. and the ststutory responsibility of the Independent Examiner in ielation to Ihe Truste85' report ts limrted to examining the report and ensuring that . on the face of the report. there are no material inconsislencies with the figures disclosed in the financial statements. This feport wa5 approved by the txjard of trustees on 25 oober 2024. John Stephen Chaman Trustee
RENEWAL CHAPEL LIVERPOOL CHURCH Report of the Independent Accountant to the Trustees of the charity on the accounts for the year ended 31 December 2023 We report on the financial statements of RENEWAL CHAPEL LIVERPOOL CHURCH for the year ended 31 December 2023. as set out on pages 10 to 22, which comprise the Slatement of Financial Activrties, the Income and Expenditure AcccxJnt. the Balance Sheet and the felated notes to the finanrial statements. including 8 summary of significant accounb.ng policies. In our opinion. the aocompanying financial 5tatemenis ol the charity are prepared. in all material respe. in aGcoidan¢e with charity law applicable within the jurisdiction of England & Wales and the account5 have prepafed in accordance with FRS 102 SORP Istatement of Recommended Practice for Accounting and Reporting by Charities) 2015, la5 arnended by the Bulletin is5ueil in October 2018 and applicable to all accounting peric#Js beginning on or after 1st January 20191, (The SORPI. published by the Charity Commission in England & Wales ICCEW) , effectivg January 2016. under the historical cost convention. and in ac£ordance with the accounting poliues sel out on page 19. which fiaTnework conslEtules the applicable Unrted Kingdom Generally Accepted Accounting Practice. Respective responslbllities of the director5 and the accountsnt As described on page 7, you, the tharity'$ Tru¥tees are reswnsible for the preparation of the accounts. The Trustees consider thal Ihe audit requirement of Seclion 144111 of the Charities Act 2011 Ilhe Act) does not apply. and that the is no requirement in the Goveming Document for the conducting of an audit. The Trustees also consider the chlty lo be exetnpl Irom the requirement to be subject to Independent Examinatson. Ouf responsibility is lo prepare a¢Unts upon th? b8815 of the information supplied to us. wthout condLting any formal scrutsny. No ststemènt of opinion We have not carried out any audtt procedu$ and have relied upon informalion supplied to us by the Trustees. and the Information supplsed by the Twstees in the course of the examination is not subjected to audit test5 or enquiries, and Consequently we do not express an audil or other assurance opinion on the view given by the accounts. $19ngd..- Aahil & Co Accountsnts Ltd- Independent Accountsnt ACCA 4a Smilhdown road Liverpool United Kindom L7 4JG This report was signed on 27 October 2024
RENEWAL CHAPEL LIVERPOOL CHURCH- Ststement of Financial Activities for the year ended 31 December 2023 Statement of Financial Activities for the year ended 31 December 2023 SORP Current year Currgnt yoar Rtstrict¢d Cuvrort year T4)tsl F¥thd¥ Priorvear Tolal Funds Funds 2023 2023 2023 2022 Incom¢ & Endowments from: Donations & Legacies Al 23.280 23,280 11,246 Expenditure on- R31sing funds Charitable a¢tivrties B1 B2 4.753 4.983 4.753 4,983 2.199 3,695 Total expenditure 9.736 9,736 5,894 Net income for the year 13.544 13.544 5,352 Translern beeen ndS Net income after transfers A-B-C 13,SU 13.544 5,352 Net movement In funds 13,544 13,544 5,352 Reconciliation of fund$:. Total fund5 brought forward 14.320 14.320 8.968 Total lund$ ¢arrb8d forwaril 27,864 27.864 14,320 The'SORP Ref indicate(l above 1$ the clas5ffjcation of incc¥Y* 8et out in the formal SORP tlocuments. As required by pafagraph 4.60 of the SORP. the brought forwar¥J and carri1 forwafd fvnds above have t)een agreed to the Balan¢e Sheet A separate Ststement of fotal Rewnised Gains and Losse5 15 nol wuired as this statement Includes all COgnised gain5 and losses. All the prior year Iran5acttons unrestricte(l It5. and no further anatysis is required All activities derive from continuing operations 10
RENEWAL CHAPEL LIVERPOOL CHURCH . Statement of Flnancial Actlvltles for the year ended 31 December 2023 11
RENEWAL CHAPEL LIVERPOOL CHURCH- Statement of Financlal Activities for the year ended 31 December 2023 12
RENEWAL CHAPEL LIVERPOOL CHURCH _ Statement of Financial Activities for the year ended 31 December 2023 RENEWAL CHAPEL LIVERPOOL CHURCH- Resources applied In the year ended 31 December 2023 towards fixed assets for Charlty use:. 2023 2022 Funds generated in the year a5 detailed in the SOFA Resource8 applied on functional fixed assets Other applications of fund$ 13,544 12.2671 5.352 Net resources available to fund charftsble J¢tlvltles 11,277 5,352 13
RENEWAL CHAPEL LIVERPOOL CHURCH - Statement of Financial Activities for the year ended 31 December 2023 Movements In revenue and capital lund$ for the year ended 31 December 2023 Revenue accumulated funds Unrestrfcted Total Last year Toral Funds 2022 Fund¥ Fund$ Fvnd¥ 2023 2023 2023 Accumulated funds brought foward 14.320 14.320 8,968 Recognised gain$ and losse5 L*fo Iransfer5 13.544 13,544 5,352 27,864 27.864 14,320 IFrom)ITo ynrestncte(S revenue funds Closlng revenue funds 27.864 27,864 14,320 Summary of funds Unrestrfcied and Oe51gnaied 2023 Total La$t Year Funds Fut)ds Tolal FuniJ8 2023 2023 2022 Revenue accurnul8ted ftjnds 27.864 14,320 14
RENEWAL CHAPEL LIVERPOOL CHURCH . Statement of Financial Activities for the year ended 31 December 2023 RENEWAL CHAPEL LIVERPOOL CHURCH Income and Expenditure Account forthe year ended 31 December 2023 as required by the Companies Act 2006 2023 2022 Incomg Income from operats'ons 23,280 11,246 Investment inccxr Gros$ Income In the year befor ex¢eptlonal ttems 23.280 11,246 Gross Income In Ihe year Ineludlng exCePonal items 23,280 11,246 ExperltUr ch8rilats expenditu. excluding depwiation arKI amorbsati Fundraising costs Rea115ed105ses Ilisposal$ of sooal investrnents which a progranTh 8¢ed 3,994 4.753 3.695 2.199 Total expendlture In the year 9,736 5,894 Net Income before tax In the financlal year 13.S44 6.362 Tsx on $urplus on ordinary actTtl&S Net Income after ts¥ In the flnan¢lal year 13,544 5,352 Retained surplus for the financial year 13.544 6.362 All activities derive from continuing operations In accordanr£ Iwth the provisions ol Companies A¢t 2fKffj. the headiny$ and subheadings used in the Incorne and Expenditure account have been adapted to lleCt the s181 nature of the Charity's activities. 15
RENEWAL CHAPEL LIVERPOOL CHURCH - Balance Sheet as at 31 December 2023 SORP Note Ref 2023 2022 Frxed assets Tangible assets 3.955 2,677 Current assèts Cash al bank and in hand 24.309 12,043 CredStors'. arnounts falling duè within one year 9 C1 I4) 14001 Net Culnt assets 23.909 11.643 The total net assets of the Charity 27,864 14,320 The total net assets of the charfty arn funded by the funds of the charity. as tollows:. Restricted fund5 Unrestrlcte(l Funds Unrestricted Revenue Funds 14 D3 27.864 14,320 27.864 14,320 Designated Funds Totsl charity funds 27.864 14.320 The 'SORP Ref indicated above bs the cla55ification of Balance Sheel itern5 as set out in the formal SORP documents. A5 required by paragraph 4.60 of the SORP. the brtyjghl foward and carried f¢Th8rd funds above have been agreed to the SOFA.. Thè TIu5tees acknowtedge their responsibilities for eomplying with thè Tequiremenls of charity legislation wth respect to accounling records and the pieparalion of accounts. The Trustees are satisfied Ihal. although the charrty bs not registered under the Companies Act5. if il were so registered, it would be eligible to prepare accounts in accordance the prowsions in Part 15 of the Companies Act 2CX)6. applicable lo companies subject to the 5m811 rL*npanies re9ime. John Stephen Chaman Trustee Approved by the board of Iiustees on 31 O¢tober 2023 16
RENEWAL CHAPEL LIVERPOOL CHURCH - Balance Sheet as at 31 December 2023 Th? notes attached on pages 19 to 20 form an Irrte9fdl part of these accounts. 17
RENEWAL CHAPEL LIVERPOOL CHURCH Notes to the Accounts for the year ended 31 December 2023 1 Accounting policies Policies relaring to the productlon of the accounts. Basls of pparatIOn and accounting convention The accounts have been prepared on the accruals basis, under the historical c05t convenb'on. and in accordance with the Financial Reporting Standard 102. leffe¢live 1st January 20161 and 'FRS 102 SORP Islalement of Recommended Practice lor Accounting and Reporting by Charities) 2015, las amended by the BLJllelin issued in October 2018 and applicable lo all accounting periods beginning on or after 1st January 20191, IThe SORPI, published by the Charity Commission in England & Wales ICCEWI , effective January 2016, and in a¢cordance with all applicable law in the charity's junsdiclion of registration, except that the charity has prepared the financial $18lements in accordan¢e with the FRS 102 SORP Islalemenl of Recommended Practice for Accounting and Reporting by Charities) 2015. las amended by the Bulletin iSSLJed in October 2018 and applicable to all accounting peTrod5 beginning on or after 1 st January 20191. IThe SORPI, in preference ro the previous SORP, the SORP 2005. which ha5 been withdrawn, notwithstanding the fact that the extanl statutory gUlations, the Chanlies (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current Risks and future assumptions The church Is a purC benefit entity. Economic dofftums or unexpected financial challenge5 Tnay impact the donations received by the Church. This can lead to difficulties in funding projects and delivering the Intended services lo the community. The church assume5 that technological advancements will Continue to improve ils operations, fundraising capabililfes. and communicats.on with donors and beneficianes. 11 anticipates leveraging digital platforms and tools lo enhance efficiency and reach a wder audiÈn¢e. Policies relating to Categories of ineome and income recognition. Policies relating to expend1tts on goods and SeIceS provlded to the cha17ty. Volunteers In accordance wlh the SORP. and in TeGognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers Is not included wlhin the income of the charity. However, the Iruslees value the significant contribution made lo the aebvities ol the charity by unpaid volunteers and this 15 described more fully in Note5. Policie5 relating to assets. Ilabllities andpmvisions and other matter5. Tangible fixed assets Tangible fixed assets are measured at their original cosl value, or subsequent revaluation, or If donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition. If there is a minimum amolsnl below which items are not capilalised. Depreciatlon has been provided al the following rates in order to write off the assets to their anticipated residual value Over their estimated useful lives. Freehold premises Leasehold premises Plant and machinery Motor vehicles O % slraighl line 2 % straight linè 20 % slraighl line 25 % straighl line 18
RENEWAL CHAPEL UVERPOOL CHURCH Not•$ to th¥ Ac¢ounts for the year ended 31 D¢¢•mber 2023 A iegular annual VIeW of the likelihood of asset impaimient is undertaken. Credltors and provislons Creditors falling due Nwthin one year are other credito. Fund Accounting Unrestricted funds are available for use al the discretion of the trustees in furtherance of the general objectives of the eharity. There are no designated funds. There are no restricted funds There are no endowment funds. 2 Liability to taxation The Trustees consider that the charity satisfies the tests Sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK ¢orporalion tax purposes. Accordingly, the Charity is potentially exempt from laxalion in respect of income or capital gains received within categories covered by Ghapler 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation 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 cOverable by the charity. and is therefore included in the relevant costs in the Stalement of Financial Activities. 3 Winding up or dissolutlon of the chartty 11 upon winding up or dissoluts.on of the charity there remain any assets, after the satisfaction of all debts and liabilities. the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies havinq similar obiecls to the Charity. 4 Significance of financial instruments to the charity'5 Position There are no significant implications of such matters. S The contribution of volunteers The charity depends on the support of its volunteers, which is much appreciate(J. The charity had 4 Volunteers who donated 832 hours of their time stewarding events. The volunteers and the charity accept and agree that no contracl of employment is created by these arrangements. No employees received emoluments {excluding pension costs} in excess of £60.000 per annum. 6 Defined contrlbutlon pension schemes The charity does not operates defined contribution pension scheme. 7 Remuneration and payments to Trustees and per50n5 connected wlth them 19
RENEWAL CHAPEL LIVERPOOL CHURCH Notes to the Accounts for the year ended 31 December 2023 No Iruslees or persons connected with them received any remuneration from the chanty. or any related entity. 8 Tanglble fixed assets Current Year Land and Plant & Buildings Machinery Motor Vehicles Totsl Cost Al 1 January 2023 Additions 2.677 2.267 2.677 2.267 At 31 December 2023 4,944 Depreciation At 31 December 2023 989 989 Net book value At 31 December 2023 3,955 3.9SS At 31 December 2022 2,677 2,677 Prior Year Land and Plant & Buildings Machinery Motor Vehlcles Total Cost (2.677) 12,677) Depreciation Net book value All assets are used for direct charitable purposes. 9 Creditors: amounts falling due withln one year 2023 2022 Other creditors 400 400 10 Loans to trustees included In debtors 20
RENEWAL CHAPEL LIVERPOOL CHURCH Not¢$ to the Accounts for the year ¢nded 31 December 2023 11 Guarantees made by the charity on behatf of trustees 12 Income and Expenditure account summary 2023 2022 At 1 January 2023 Transferts in for the year At 1 January 2023 Surplus after tax for the year 14,320 8,968 14.320 13.544 8,968 5,352 At 31 December 2023 27,864 14,320 13 Partlculars of how partlcular funds arg represented by assets and liabilities At 31 December 2023 Unrestrictei Deslgnated Restrlcted lunds funds funds Totsl Funds Tangible Fixed Assets Current Assets Current Liabilities 3,955 24,309 {4001 3.9SS 24.309 14001 27,864 27,864 At 1 January 2023 Unr•stri¢tK Deslgnat¥d Restrlct¥d funds funds funds Totsl Funds Tangible Fixed Assets Current Assets 2,6T7 12,043 2.677 12.043 14,320 14,320 14 Changa In total funds over the year as $hown In Note 13 . analysed by Indlvldual funds Funds Movement brought In funds In forward 2023 from Transfers between funds in 2023 Funds carrled forward to 2024 See Note 15 See Note 16 Unre5trlcted and designated funds... Unrestricted Revenue Funds 14.320 13,544 27,864 Totsl unrestrlcted and deslgnat 14,320 13,544 27,864 Total charity funds 14.320 13.$44 27.864 21
RENEVVAL CHAPEL LIVERPOOL CHURCH Note5 to the Account5 for the year ended 31 December 2023 15 Analysis of movements in funds over tho year as shown in Not• 14 Other Gains & Losses 2023 Income ExpendFture Movement In funds 2023 2023 2023 Unrestrlcted and designated funds... Unreslricled Revenue Funds 23,280 19.7361 13,544 23.280 9,736 13,S44 22