The Charity Registration Number is :_ 1191670 RENEWAL CHAPEL LIVERPOOL CHURCH Report and Accounts 31 December 2024
RENEWAL CHAPEL LIVERPOOL CHURCH Report and accounts for the year gnded 31 December 2024 Contents Page Charfty infomiation Trustee5' Annual Rèport Stat•ment of Trustee$s' f•sponglbS1itie8 Independent A¢countarf¥ Report Funds Statèmènts... Statement of Financial Activiti$$ Movements in lunds Incorne and Expenditure account Balance shaèt Notes to the accounts 10 14 15 16 18
RENEWAL CHAPEL LIVERPOOL CHURCH Trustees. Annual Report for th¢ year end8d 31 D¥¢ember 2024 The Trustees present Ihesr ReFwM and Acoyjnts for the year ended 31 December 2024. Reference and admlnistrative details The charity namo. The legal name of the Charity is:. RENEWAL CHAPEL LIVERPOOL CHURCH. The charity is also knovm by its operating name, RENEWAL CHAPEL LIVERPOOL CHURCH. The charity's ar•as oper•tion and UK ¢haritsble Kvglstratson. Th8 charity is registered in England & Wales wth the Charity Commission in England & W8les ICCEW) Mlh charity numbor 1191670. The charity does not operate in any ovgrseas jurisdiciion$. Legal stru¢tUTe of the charity The charity is constituted as a Charitable Incorporated Organisation (CIO) in England & Wales. The governing dUMent of the charity 1$ the con5ti1uiion of tho CIO as approved by the Charity Commission in England & Wales {CCEW) . The goveming document is dated Cfj October 2020 There are no restrictions in the govemin9 documents on the operation of the Charity or on ils investment powers other than those imposed by Charity Law. The trustees are all individuals.
RENEWAL CHAPEL LIVERPOOL CHURCH Tru¥tees' Annual Report for the y•ar •ndÈd 31 De¢ember 2024 The prinelpal opèrating add$$. telephone numbèr. •mail and web addSseS of the charity arè=. 15 COLLEGE CLOSE PRENTON, CH43 9XP Telephone'07840255766 Email Addrèss $lephen.thaman gmail.i))rn Web address https".Ihensvralch8pelliveTpool.orgl The Trustees In offie• on thè date the report was approved r#._ Shahid Mahmood John Stephen Chaman Shamim Xavier Thè ft*llowing per59ng ¥erved as Twsto88 durfng the y•ar•ndod 31 Dècernr 2024 :. The trustees who served as a trustee in the reporting period were as shown above. and there were no changes during the year. or in thè period betrn Ihe year end and the approval of the accounts. All the Iruslees are also members of the charity. Objects and activities of the charity The purpose3 of the ¢harity as set out in its governing documenL To advance the Christian religion for the benefit of the public in Liverpool in accordance with the statement of faith by holding services of prayer and worship, providing faith leaching and delivering Christian outreach. The main activities undertaken in relation to those purposes during the year.
RENEWAL CHAPEL LIVERPOOL CHURCH Truste, Annual Report for the year ended 31 Dèe•mber 2024 Throughout the course of the year, the dedicated team at the RCLC meliGulously adhered lo the comprehensive guidelines laid out by the Commission on matters of public benefit. We focused our efforts on the specific provisions and detsiled 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 only in accordance with these guidelines but also served to embody the core tenets of our faith. Our commitment to inclusivty and community engagement was reflected in our approach. We extended a warm and welcoming invitation to individuals from all walks of life. enabling them lo become an integral part of the parish community. Within the nurturing embrace of our center, we offered a sacred space for worship and contemplative prayer, creating an environment that fostered spiritual growth and connection to the divine. As part of our educational efforts, we diligentty provided comprehensive teachings on the Gospel, illuminating the profound rnessages contained wtthin its sacred lexts. 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 to explore their spirityality and engage with the rich tapestry of religious Iradilions. Furthermore, our pastoral care inrtiatives were a leslament to our commitment lo the well-being of those in the parish community. We undertook missionary work with a heartfelt dedication, striving to reach out lo individuals in need and those who sought spiritual guidance. Our outreach programs were designed to offer solace and 5UPPOrt, ensuring that no one in our parish fett alono or without 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 to community involvement. comprehensive religious education, and a genLEine commitment lo pastoral care for our parish members, demonstrating our unwavering dedication to promokn.ng the advancement of reli9KJn and public benefft in OUT community. The main activities undertaken during the period
RENEWAL CHAPEL LIVERPOOL CHURCH Trustèe$' Annual Report forth• ytar ènded 31 Decemb•r 2024 The RCLC is committed to providing an array of serviees throughout the year. carefully designed lo meet the spiritual and communal needs of our diverse community. Our programs have been thoughtfully slruclured to offer enriching and spiritually satisfying experiences. One of the comerstones of our offerings is the Sunday prayer servi. a cherished 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 serviees serve as a source of solace and inspiration. allomng attendees lo deepen their relationship with their fath. In addition to our prayer seNices, we have cultivated a nurturing environment for young people lo explore and learn about Christianity and the beliefs of our church. Through engaging and age- appropriate programs, we aim to impart the foundational teachings of Christianity, fostering a strong foundation for their spiritual growlh. Our efforts have also been directed towards welcoming 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 pro9rams and resources, we have contributed to the spiritual development of not only the adults bul also the younger members of our congregation, thus nurturing a multi-generational environment of faith. We extend a wami and open invitation to everyone in our community to join us for our regular services. Currently, our congregation boasts with 90 new members welcomed over the course of the year. Testament to our vibrant and inclusive community, our average weekly attendance throughout this year has been a commendable 90 individuals, showcasing the dedication and active engagement of our congregation in the spiritual life of the RCLC. RCLC offers a comprehensive suite of services and aclivilies designed to cater lo the diverse needs of our community. whether through prayer. youth education. or fostering a welcoming atmosphere for families. We take 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 trustee8 have had regafij to the Charity Commission's guidance on public benefit rn managing the activities of the charity. The main achievements and perforniance of the charity during the year. Through a meticulously pSanned array of services and acbvilies, 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 intimate and peaceful space for worship and reflection. Furthemore, the church's unwavering ded1calion lo providing young people with opportunities to explore and understand Christian beliets has contributed to the religious education and development of the next generation. A significant accomplishment has been the wami embrace of families wth children, resulting in increased understanding of Christian beliefs within this demographic_ In essence, the ehurch's performance underscores ils role as a beacon ol spiritual enrichment and inclusive community engagement.
RENEWAL CHAPEL LIVERPOOL CHURCH Trust8¢s' Annual Report for the year ended 31 December 2024 The difference the charity's perfomiance during the year has made to the beneficiaries of the charity. The church's perfonnance during a SFeCtfie period has made several drfferen¢es in tenS of benefits to its beneficiaries, which include the congregation and the wider community. Spiritual Growth and Conneth"on'. The church's perfomiance can impacted the depth of spiritual growth and connects.on experienced by its congregats"on. Providing more in-depth and engaging religious services. semions. and programs can lead to a stronger sense of spiritual fulfillmellt and 8 closer connection to their faith. Youth Engagement and Education.. The qualty and variety of programs offered to young people can signifiCanY impact their understanding of Christianity. Enhanced educational inib"atives, engaging ?clivilies, and OpportUneS for Fefsonal grthvth Fxowded a more profound impact on the younger members of the congregakn"on. Community Inclusivity.. The church's commitment to welcoming families wrth children and fostering a sense of community can created a more inclusrve and bghly-knrt parish. A church's perfomiance in creating an atmosphere of wamith and belonging made a significant benefft to both current members and newcomers. Community OLrtreach.. The impact of the church's outreach programs and support for the wider community measured in tem)s 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 achievèments and perforniance during the year have benefited wlder society. The church has tskn"sfactority ached the f0MlanCe metrics and goals as discussed above, and this success has extended its benefits to a broader s¢xielal context. The achievement5 and perfomance of the church durin9 the per1 have indeed beneffted the wder society in several meaningful ways. Structure. governance and management of the charity Tho methods used to recrult and appoint new charity trustoos. The existing trustees are responsible for the recrurtment and app)intrnent 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 posrtive contribukn.on to the charity. Any new trustees must go through one-year probation before they become perrnanenl members.
RENEWAL CHAPEL LIVERPOOL CHURCH Trustees, Annual R•p)rt for the year ended 31 December 2024 Financial review The charity's financial position at the end of the year ended 31 December 2024 The financial F)osib"on of the chanty al 31 December 2024 and comparakn"ve5 for the prior period. a5 more ftjlty detailed in the accounts, can be summarised as follows.'- 2024 2023 Nèt in¢orne 13.544 Unrestn"¢ted Revenue Funds available for the general purposes of the charty 33,059 23,909 Total Funds 33.059 23,909 Financlal review of the position at the repo.ng date, 31 December 2024. Funds available are sufficient to pemiit Ihe charity lo continue operating in the mediuffl to long lemi. The day-to-day running of the church is supported by voluntsry donations. There are no uncertainties about the charity conb"nuing as a going concem. Policies on reserves. Reserves are vital for ensuring the long-lerm financial stabilty and sustainabiltty of the church, enabling it to fulfill ils mission, support its operab"ons, and provide ongoing services lo the community. The church has the follow.ng policies: 1 Operab"ng Reserve.. This reserve is designated to cover short-tem cash flow fiuctuations, unforeseen expenses, and ernergencies that may arise during the church's day-to-day operations. It ensures that essen1121 seNices and prc¥Jrams can be maintained wrthout interruption. 2 Expansion and Development Reserve." This reserve is earmarked for future expansion. development projects. or major caprtal expenditures_ It aims to support the church's growth and strategic initsatives, including the constnjction or acquisition of addib.onal facilities to accommodate the evolving needs of the eommunity. The mosqLte's reserve p)licy is communicated to relevant stakeholders. including the board of Iruslees, church management, and the communty. to foster transparency, understanding, and confidence in the church's financial management practices. This resave policy is reviewed peai)dically. or as necessary, to ensure its alnMent with the church's evolving financial needs and compliance with applicable regulats.ons and best practices. Any revisions or updates to the policy shall be approved by the board of trustees.
RENEWAL CHAPEL LIVERPOOL CHURCH Trustees. Annual R•port forthg year gnded 31 December 2024 Availability and adequacy of assets of each of the funds The board of trustees is salisfied that the charivs assets in each lund are available and adequate lo fulfil its obliqations in respect of each fund. Statement of Trustees. Responsibilities The charitys trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Ael 2011 and the Charities (Accounts and Reports) Regulations 2008. NOlth51anding the explicit requirement in the extant statutory regulalions,the Charities {A¢counts and Reports) Regulations 2008, to prepare the financial stslemenls in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been wlhdrawn, the Trustees detemined to interpret this resFX)nsibility 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 Charities) 201 S, las amended by the Bvllelin issued in October 2018 and applicable lo all accounting periods beginning on or after 1s1 January 2019), (The SORPI, In particular, charity law requires the Tnjstees. if they prepare accounts on an accruals basis, lo prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity as at 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 a¢Gordance wtth United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. - select suitable accounting policies and appty them consistenUy'. make judgements and estimates that are reasonable and prudent., prepa the financial statements on the going concem basis unless il is inappropriate to presume that the charity will continue in business; State whether applicable accounting standards and statements of recommended practice have been followed, subject lo any material departures disclosed and explained in the financial statements., The law requires that the trustees musl not approve the accounts unless they a 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 Trustees 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 statements compty 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 irregularities.
RENEWAL CHAPEL LIVERPOOL CHURCH Trustees, Annyal Report for th¢ year ended 31 D•¢ember 2024 The Trustèes are also responsible for the conlents of the Trustees. repc•rt. and ihe statutory responsibility of Ihe Independent Examiner in relation to the Truslees. report is limited to examining the report and ensuring Ihat, on the tsce ol the report. there are no material inconsistencies vrith the figures disclosed in the financi81 $tslements. This pOrt was approvèd by Ihe board ol trusteÈs on 25 October 2025. John Stephen Chaman Trustee
RENEWAL CHAPEL LIVERPOOL CHURCH Roport of the Independent A¢¢ountant to the Trustees of the charfty on the accounts for the year ended 31 December 2024 We report on the financial statements of RENEWAL CHAPEL LIVERPOOL CHURCH for the yè8r ènded 31 December 2024, as Set out on pages 10 to 17, which comprise the Statement of Financial Activities, the 5ncome and Expenditure Ac¢ount. the Balance Sheet and the related notes to the financial statements, inclLJding a summary of significant accoun15ng polies. In our opinion. ihe acLompanying financrdl statements of the charity are prepared, in all material respècts. in atcx)rdance wilh charity law applicable within the jurisdiction ol England & Wale$ and the ar£ounts have been prepared in accordance with FRS 102 SORP (Slalement of Recommended PraGtKe for Accounting and Reporting by Charities} 2015, las amended by the Bulletin issued in October 2018 and applirable lo all aounting periods beginning on or after 1st January 20191, (The SORP}, published by the Charity Commission in England & Wales ICCEW) , effeCte Janijary 2016, under the histori¢al c05t convention. and in accordance with the accounb.ng policies set out on page 18, which framework GorTrstitutes the applicable United Kingdom Generalty Accepted Acwunting Practice_ Respective re$ponsTrbilities of the dlyectors and the accountant As described on page 7. you, the charity's TnJstees ale Trswnsible for the preparation of the accounts. The Trustee5 consider that the audit requirement of Se¢b"on 144111 of the Charitie5 Act 2011 (the Act) does not apply, and that there is no requirement in the Go¥ernirvJ Document for the conducting of an audit. Tho Trustees also consider the charity lo be exempt from the requirement to be subjeci tr) IndendnI Examination. Our responsibility 15 to prepare accounts upon the basis of the inf0mtIOn supplied to us. vOut conducting any fomal scruliny. No statement of opini<)n We have not carried out any auijit prCdUre5 and have Telied u[ inf0mtIOn supplied to us by the Trustees. and the information supplied by the Tnsstees in Ihe course of the examination is not subjected to audit tests or enquiries, ar consequenuy we do not express an audit or other assurance opinion on th& view given by the accounts. Slgned-. AAHIL & CO. Accountants Lid. Chartered CeriTrliedAccotsnlanl$ 4a Smithdown Road. Liverpool UK, L74JG 01517335679 www.aahilandco.co.uk. Aahll & Co Ac¢ounlants L¢d- IndependentAccountant ACCA 4a Smithdown road Liverpool United Kindom L7 4JG This report Wa8 signed on 26 October 2025
RENEWAL CHAPEL LIVERPOOL CHURCH - Statement ol Flnancial Actlvlties for the year ended 31 DeGember 2024 Statèment of Financial Actlvities ft)r the year ended 31 December 2024 SORP un•ntyfrar Urbrestrlct Funds Currert yo•r R¢*trl¢t•d Funds Currnntyear Total Fur PvlorYe•r Total Fun 2024 2024 2024 2023 Income & Endowmients from: Donations & Legacies A1 17,944 17.944 23,280 Expenditure on.. Raising funds B1 82 4.753 4.831 4.753 4,831 2,199 7,537 Total expendltur8 9.$84 9.$84 9.736 Net Income for thè year 8.360 8.360 13.544 Tran$fer5 betsn funds Net income after tran8feYs A-8-C 8.360 8.360 13,514 Net movement In funds 8.380 13,544 Reconciliation of funils-_ Total funds brought forward 27.864 27,864 14.320 Total funds carried forward 36,224 36.224 27,864 The'SORP Ref indicated above is the dassificalKJn of in¢ome set out in the formal SORP documents. As required by par8gr2ph 4.60 of the SORP, the brought foTrord and carried forward lurtls above have been agreed 10 the Balance Sheel. A separate Statement of Total Recognised Gains and Losse5 is not required as this Statement ind¥ all ¢0nisd gain5 and losses. All the prior year transactions unresthcted rterns, no further anatysis is required All activities derive from continuing operations 10
RENEWAL CHAPEL LIVERPOOL CHURCH - Statement of Flnanclal Activities for the year ended 31 December 2024
RENEWAL CHAPEL LIVERPOOL CHURCH - Statement of Flnanclal Activities for the year ended 31 December 2024 12
RENEWAL CHAPEL LIVERPOOL CHURCH - Statement of Financial Activitleg for the year ended 31 December 2024 RENEWAL CHAPEL LIVERPOOL CHURCH - Resources applled In the year ended 31 December 2024 towards fixed assets for Charity u$e:_ 2024 2023 Funds generated in the year as detai in thè SOFA Re50urce$ applth on functional fixed a5sels Other applications of funds 8.360 13,544 Net resources avallable to fund charltable actlvlties 8.380 13.544 13
RENEWAL CHAPEL LIVERPOOL CHURCH - Statement of Finan¢lal Activities for the year ended 31 December 2024 Movgments In revenue and capltsl funds for the year ended 31 December 2024 Revenue a¢¢umulated funds Llthr•strf¢i•d Restrictsd Totsi Last yg¥r Total Fund5 Funds Fund¥ Funds 2024 2024 2024 2023 Accumulated funds brought fowdrd 27.864 27,864 14,320 Re¢o9nised gains and 105ses befo transfers 8,360 13.544 ,224 36.224 27,864 IFromyfo unstricted revenue fuThJs Closlng revenue lund$ 36,224 38,224 27,864 Summary of funds Unrestricted Total LAgtY&ar F¥nd$ Funds Toial Funds Deslynat•d fvndg 2024 2024 2024 2023 Revenue accumulated funds 36,224 36,224 27.864 14
RENEWAL CHAPEL LIVERPOOL CHURCH - Staternent of Flnanclal Activltles for the year ended 31 December 2024 RENEWAL CHAPEL LIVERPOOL CHURCH Income and Expenditure Account for the year ended 31 December 2024 as required by thè Companies Act 2006 2024 2023 Incomè Income trorn operation5 17,944 23.280 Investment income Gr05s income in th• year beforn •x¢•ptional ltsms 17.944 23,280 Gros¥ income in the yr including Èxceptional Item8 17,944 23,280 Expendltutp Charitable expenditure. excluding depreciation ar¥J amortisats.on Fundra151ng costs Realised losses on disposals of sooal inwlmenls which are prCo3rarnw relaied 4.040 4,753 6.548 2.199 Total •xp8ndltur• In the ygar 9.S84 9,738 N•t Income before tsx In th¢ fln•n¢lal year 8,360 13.644 Tax on surplus on ordinary activit8 Net Income after tax In th• finan¢lal y•ar 8,360 13,644 R•tsln&d surplu$ for the flnan¢lal ygar 8,360 13.644 l activities derive from continuing operations In accordan with the provisions of the C(ryanes Act 2(kn. Ihe headings and subheadings used in the Incorne and Expenditure account have been adapied to refle¢t the SFerial nature of the ¢haritl$ activities. 15
RENEWAL CHAPEL LIVERPOOL CHURCH- Balance Sheet as at 31 December 2024 SORP Note Ref 2024 2023 Flxèd assets Tangible assets 3.164 3.955 Current assets Cash al bank and in hand 24,309 Crèditors.. amounts falllng due withln one year 9 C1 {4W} 14001 N•t current assets 33,060 23,909 The total net assets of the charoty 36,224 27.864 The total net assets of the charity are fund•d by the funds of the charity. as follows-. Restri¢ted funds Unrestricted Funds Unrestricted Revenue Funds 14 D3 36.224 27.864 36,224 27,864 Designat•d Funds Total charity funds 36,224 27,864 ThÈ'SORP Ref indicated above is the dassificalion of Balance Sheet items as set oul in the fotrnal SORP documents. As required by paragraph 4.60 01 the SORP. the brought forwaid and carried forward funds above have been agreed to the SOFA.. The Trustees acknowtedge their responsibiltlses lor complwng wtth the reqU1MentS of charity legislation with respect to accounting recor(Is and the preparation of acGounls. The Trustees arè satisfied that. although the charrty is not registered under the Companies Acts, rf it were so registered, il would be eligible to prepare accounts in accordance vthh the provisions in Part 15 of the Companies Act 2006. applicable to companies subiect lo the small companie5 regime. John Stephen Chaman Tru81ee Approved by thè tK)aid of trustees on 25 October 2025 16
RENEWAL CHAPEL LIVERPOOL CHURCH - Balance Sheet as al 31 De¢ernber 2024 The notes attached on pag•s 18 to 22 fomi an Integral part of these accounts. 17
RENEWAL CHAPEL LIVERPOOL CHURCH Notes to the Accounts for the year ended 31 December 2024 1 Accountlng pollcles Policie5 relating to the production of the accounts. 8asls of preparation and accounting conventlon The accounts have been prepared on the accruals basis. under the hislorieal eost convention, and in accordance with the Financial Reporting Standard 102. (effective 1st January 20161 and 'FRS 102 SORP Istalement of Recommended Practice for Accounting and Reporting by Charities) 2015, las amended by Ihe Bulletin issued in O¢tober 2018 and applicable lo all accounting periods beginning on or after 1 st January 20191, tfhe SORPI, published by the Charity Commission in England & Wales ICCEWI . effective January 2016, and in accordance wlh all applicable law in the charity's jurisdiction of regislrab'on. except that the charity has prepared the financial statements in accordancè with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015. las amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1 st January 2019}, (rhe SORPI. in preference lo the previous SORP, thè SORP 2005, which has been withdrawn. notwithstanding the fact that the exianl statutory regulab"ons. the Charities (Accounts and Reportsl Regulations 2008 refer explicitly to the SORP 2005. This has been done lo accord with current Rl$ks and future assumptions The church is a public benefit entity, Economic downtums or unexpected financial challenges may irnpact the donations received by the church. This can lead to difficulties in ftjnding projects and delivering the intended services to the community. The church assumes that technological advancements will continue lo improve ils opefalions. fundraising capabilities. and communication wth donors and beneficiaries. 11 anlicipales leveraging digTtal platfomis and tools lo enhance effieieney and reach a wder audience. Policle$ relaung to ¢ategorles of Income and Income reeognitson. Poll¢le$ relatlng to expendhure on goods and services provided to the charlty. Voluntsgrs In accordance wlh the SORP, and in recogniknon of the difficulties in placing a monetary value on the Contribution from volunteers. the contribution of volunteers is not included within the income of the charity. However. the trustees value the significant contribution made to the a¢livits"es of the charity by unpaid volunteers and thi5 15 described more fully in Note5. Pollcles relatlng to assets. liabilities andprovisions and othermatters. ranglble flxed assets Tangible fixed as5els are measured at their original cost 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 the is a minimum amount below which items are not capitalised. Deprè¢ialion has been provided at the following rates in order to write off the assets lo their anticipated residual value over their estimated useful lives. Freehold premises Leasehold premises Plant and machinery Motor vehicles O Oh straight line 2 % straight line 20 % straight line 25 % straight line 18
RENEWAL CHAPEL LIVERPOOL CHURCH Notes to the Accounts for the year ended 31 De¢ember 2024 A regular anrsual review of the likelihood of asset impairment 18 undertaken. Creditors and provisions Creditors falling due wlhin one year are other ueditors. Fund Accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Thefe S no designated funds. There are no restricted fund$ There are no endowinent funds. 2 Liability to taxation The Trustees consider that the chanty salisffies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax PLtrposes. Acwrdingly, the Charity is potentially exempt from taxation in respect of income or eapilal gains received within categories covered by chapter 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 recoverable by the charity. and is therefore included in the re5evant C051s in the Slalemenl of Financial Activities. 3 Winding up or di$solution ofthe charity 11 upon winding up or dissolLrtion of the challty there remain any assets, after the satisfaction of all debts and liabilities. the assets represented by Ihe accvmulaled fund shall be transferred to some other charitable body or bodies havina similar objects lo the charity. 4 Significance of financlal Instruments to the charlty's posltlon There are no significant implications of such matters. S The contribution of volunteers The charity depends on the support of ils volunteers, which is much appreciated. The charity had 4 Volunteer5 who donated 832 hours of their lime stewarding events. The volunteers and the tharity accept and agree that no contract of employment is created by these arrangements. No employees received emolum$nts (excluding pen$ion costs) in excess of £60,000 per annum. 6 Deflned ¢ontrlbutlon penslon heM¢S The charity does not operates defined contribution pension scheme. 7 Remuneratlon and payments to Trustees and persons connected wlth them 19
RENEWAL CHAPEL LIVERPOOL CHURCH Notes to the Accounts for the year ended 31 Decembèr 2024 No trustees or persons connected wth them received any remuneration from the charity. or any related enlily. 8 Tanglble fixed assets Current Year Land and Plant & Bulldlngs Machinery Motor Vehicles Totsl Cost At 1 January 2024 Additions 4,944 At 31 December 2024 4,944 4,944 Depreciation At 31 December 2024 1,780 1,780 Net book value At 31 Decernber 2024 3.164 3,164 At 31 December 2023 3.955 Prior Year Land and Plant & Bulldlngs Machinery Motor Vehicles Total Cost 14,944) 14.9441 Depreclatlon 989 Net book value 3,955 All assets a used for direct charitable purpo$es. 9 Credltors.. amounts falllng due within one year 2024 2023 Other creditors 400 400 10 Loans to trustees Included In debtors 20
RENEWAL CHAPEL LIVERPOOL CHURCH Notes to the Ac¢ounts for th• year ended 31 December 2024 11 Guarantees mad8 by the charity on behalf of trustees 12 Income and Expendlture account summary 2024 2023 At 1 January 2024 Transfers in lor the year At 1 January 2024 Surplus after tax for the year At 31 December 2024 27.864 14.320 27,864 8.380 14,320 13,544 36.224 27,864 13 Partlcular5 of how partlcular funds are represented by assets and liabllitles At 31 December 2024 Unrestrictec Deslgnated funds funds Restrlcted funds Totsl Fund$ Tangible Fixed Assets Curn1 Assets Current Liabilities 3,164 33.460 {400} 3,164 33,460 1400} 36,224 36,224 At l January 2024 Unrestrictec Deslgnated funds funds Restrlcted funds Total Funds Tangible Fixed Assels Current Assets 3.955 24,309 3,955 24,309 27,864 27.864 14 Chango In total funds over the year as shown In Note 13. analysed by Indlvldual funds Fund$ Movement brought In funds In forward 2024 from Transfers btrtween funds In 2024 Funds carrfed forward to 2025 See Note 15 See Note 16 unstricted and deslgnated funds:. Unrestricted Revenue Funds 27.864 8,360 36.224 Total unrestricted and deslgnat 27.864 8,360 36.224 Total charlty funds 27.864 8,360 36,224 21
RENEWAL CHAPEL LIVERPOOL CHURCH Notes to the Accounts for the year ended 31 De¢ember 2024 15 Analysis of mov*m¥nts in funds ov¢r the year as shown in Note 14 Other Gains & Losses 2024 Income Expenditure Movement In funds 2024 2024 2024 Unrestr7Cted and designaled funds... Unrestricted Revenue Funds 17.944 (9.584) ,360 17.944 9.S84 8,360