THE
RENEW
TRUST
Helping communities grow
The Renewal Trust
Annual Report and Unaudited Financial Statements
For The Period Ended
31 March 2025
Charity registration number 1077450 (England and Wales)
Company registration number 03345194

THE RENEWAL TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Dr E Aboagye-Nimo
E F Davidson
C Harries (Chair)
JL Hufton
D Jean
D Liversidge (Vice Chair)
RP Purewal
Chief Executive Officer
Charity number (England and Wales)
Company number
Registered office
Independent examiner
Bankers
Solicitors
C Underwood
1077450
03345194
27-31 Carlton Road
Nottingham
NG3 2DG
Rogers Spencer
Newstead House
Pelham Road
Nottingham
NG5 1AP
National Westminster Bank Plc
Smiths Bank Branch
16 South Parade
Nottingham
NG1 2JX
Wrigleys Solicitors LLP
Wrigleys Solicitors
19 Cookridge Street
Leeds
LS2 3AG
(Appointed 14 January 2025)
(Appointed 4 February 2025)

THE RENEWAL TRUST
CONTENTS
Chief Executive Officer's Statement
Trustees' report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
Page
1
2 - 10
11
12
13 - 14
15 - 29

THE RENEWAL TRUST
CHIEF EXECUTIVE OFFICER'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
A message from our CEO
It is with immense pride that I present Renewal Trust's Annual Report for 2025. This year we have deepened our
commitment to nurturing happier, healthier, and more connected communities across Nottingham. Through our
accessible activities, vibrant events, dedicated community venues, and targeted grants, we have seen connection,
creativity, and unity flourish among the communities we work alongside.
A Year of Impact
Our mission—to co-create environments where communities can make things happen-came to life in every
session, event, and partnership. Yet the numbers *Our Year in Numbers only tell part of the story. Behind every
number is a person who felt empowered, a child who took part in a fun activity, or a neighbour who found a new
friend. Our community venues—Cherry Lodge in King Edward Park and Brendon Lawrence Sports Centre
became hubs of belonging for families in St Ann's, Sneinton, and beyond.
Navigating Sector Challenges
Despite these successes 2024 has been a challenging year for charities both locally and nationally. Rising costs,
volatile funding landscapes, huge budget cuts from Nottingham City Council and increased demand for wellbeing
services have stretched resources across Nottingham's voluntary sector. At Renewal Trust, we have seen:
• Greater need for affordable activities as living costs escalate.
• Pressure on statutory services increasing referrals for our wellbeing programmes.
• Competition for grants and commissions supporting the need for more partnership and collaboration, but also
uncertainty,
In response, our team has remained determined and creative. We diversified income through Hungerhill Trading,
strengthened partnerships with over 100 local organisations, and streamlined operations to protect front-line
services.
The decision to return St Ann's Allotments lease and management back to Nottingham City Council following an
incredibly successful and unique restoration and protection programme, was a difficult period for the Trust and for
me personally. The ongoing disinvestment and total withdrawl of funds from the City Council was too much to
overcome and the site was returned and three staff TUPE'd across the City Council in January 2025.
Looking Ahead
As we move forward, our focus is on Expand and Explore whilst sustaining growth and deepening impact. We are
considering:
1. Expanding Feel Good wellbeing sessions into new neighbourhoods.
2. Exploring new neighbourhoods to benefit from our approach.
3. Developing our Community Cohesion work.
4. Invest in digital engagement to reach under-represented groups.
By remaining kind, inclusive, curious, determined, and creative, we will continue unlocking potential across
Nottingham and beyond.
lone of this would be possible without the passion and dedication of our team. To every staff member who bring
ur mission to life, to every volunteer who offers time and kindness, and to our funders whose support sustains ou
vision-thank you.
Cherry Underwood
Chief Executive Officer
Date: ...
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THE RENEWAL TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
Welcome to The Renewal Trust
ve are a Nottingham-based charity nurturing happier, healthier and more connected communities through ou
laces and spaces, activities and events, community grants and support for local people
We oft. a ran pe of afrabli end ace boating sed entor a frage sports, play and holiday clubs for
Our community venues in Nottingham include Cherry Lodge in King Edward Park and Brendon Lawrence Sports
Centre. (
Mission
By working closely with communities in St Ann's and Sneinton we develop meaningful relationships and
partnerships. We co-create an environment for communities where they can make things happen.
Ne explore opportunities and unlock potential through wellbeing, places and spaces, community activities anc
grants. We celebrate communities through storytelling
and activities. Provide spaces and opportunities fol
communities to connect, share and learn. Striving to be inclusive and accessible we use clear communication so all
feel welcomed and can take part.
We created Hungerhill Trading to help fund our activities and provide spaces for people to thrive.
We created Hungerhill Developments Ltd to manage the St Anns Allotments Restoration and protection programme.
Our values
Be kind
Be inclusive
Be curious
Be determined
Be creative
Our year in numbers
8,007 people engaged throughout the year
126 volunteers gave their time, giving over 1,480 volunteer hours
7,627 bookings for activities and events
258 events throughout the year
8 weekly term-time activities
84 Mini Movers sessions
39 Feel Good Gold sessions
14 Holiday club sessions
13 Nottingham Panthers games with £1 ticket offers
123 Feel Good families supported
26 new Feel Good Gold referrals and supporting 41 people throughout the year
7 community health hubs at Cherry Lodge
13 local organisations and groups supported with a community grant
100+ partnerships with organisations to enhance service delivery
12 network meetings, with 136 people signed up to the networks
510 tenants at St Ann's Allotments
180 people on probation completed practical conservation training through New Roots - Branching Out
6 work experience placements supported through New Roots - Branching Out.
18 Green' careers supported through New Roots - Branching Out.
2 Business Centres supporting 15 local organisations, charities and small businesses
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THE RENEWAL TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The financial statements have been prepared in accordance with the accounting policies set out in note i to the
financial statements and comply with the trust's governing document, the Companies Act 2006, FRS 102 "The
Financial Reporting Standard applicable in the UK and Republic of ireland" and the Charities SORP "Accounting
and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
Objectives and activities
The Renewal Trust's Charitable Objects are:
To relieve poverty and to advance education amongst persons in Nottinghamshire and especially in the
communities of St Ann's and Sneinton and with particular regard to such persons who are unemployed or suffering
the consequences of economic disadvantage in order to contribute to the development of the area economically,
socially and in spirit.
To train and educate persons resident in the area through their leisure time activities and through the provision of
regular work for such persons who would otherwise be unemployed so as to develop their physical, mental and
spiritual capacities so that their conditions of life may be improved.
To promote such charitable purposes in the area and in particular purposes directed to the benefit of people
suffering from unemployment or economic decline.
Public benefit
The trustees have had regard to the Charities Commission guidance on public benefit.
Achievements and performance
Significant activities and achievements against objectives
Feel Good
Our Feel Good programme went from strength to strength this year - providing a year-round calendar of free/low-
cost activities for all ages. Together with support bags for families struggling with the cost of living, which include
essentials like sanitary products, nappies, books, back-to-school items and children's toys.
Throughout the year, we provided a range of term-time weekly activities including Feel Good Gold (ages 60+), Mini
Movers soft play and outdoor play (0-4 years), women-only yoga, Lego Club (ages 4+) and a drop-in Tuesday
Social for all ages. While during the school holidays, we provide free breakfast clubs for families.
Monthly drop-in activities included our Chatty Cake Café bringing local people together, Talking Therapies sessions
improving access to NHS mental health services, and our Community Health Hub providing vital NHS services like
diabetes testing, blood pressure checks and flu jabs.
The power of collaboration
We work in partnership with a range of organisations to identify and respond to the needs of our diverse
communities. We are the community lead in the Nottingham City Place Based Partnership - bringing together
frontline practitioners with organisations from across health, social care, public health and the voluntary sector. We
also facilitate three Nottingham networks focused on Health and Wellbeing, Children and Young People, and
Hardship - uniting over 100 partner organisations.
Volunteers
Our projects are supported by a wonderful team of volunteers who donate their time, expertise and enthusiasm.
We had a number of volunteers supporting Mini Movers, Feel Good Gold and activities and events at Cherry Lodge
- our hub for the community in King Edward Park.
" volunteered with Nottingham charity Carewatch for around 30 years until it closed, then helped local charity
Jigsaw for 18 months until the pandemic. When I mentioned I was thinking of volunteering again, my good friend
told me about The Renewal Trust's Chatty Cake Café.
"I enjoy meeting the people who use the service and also the other volunteers. I would definitely recommend
volunteering - I enjoy it and feel I get a great deal from the experience." Trixie, The Renewal Trust volunteer
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THE RENEWAL TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Volunteers
"The volunteering day at the allotments was great. It was hard work but a great team building activity. Once we had
finished, we had a massive sense of achievement and pride knowing that we had helped preserve such an
important habitat for wildlife. These kinds of activities are helping us reach more communities, in all the regions we
work in." Helen Bedford, Social Value Manager, Bowmer + Kirkland
Mini Movers
Our Mini Movers sessions for ages 0 to 4 are designed to support children's physical, social and emotional
development - through weekly soft play and outdoor play activities, stories and song time. Sessions are often
themed with activities including obstacle courses, colour sorting, jumping skills, space rockets, car washes,
constructions, dinosaurs, farm animals, mud painting and seasonal fun.
activities they can do at home.
"I've never been to such a well-organised, well-resourced play activity - and as a mother of four ranging from 32 to
13 and a granny, l've been to hundreds!
"The response to my grandson, who has additional needs, has been amazing with activities tailored to his needs
and fantastic support for me. He has thrived at Mini Movers and made huge progress with his social skills."
Feel Good Gold
Our weekly Feel Good Gold sessions provide people aged 60+ with warm spaces, hot food, fun activities like
quizzes, bingo and crafts, chair-based exercise, travel to and from sessions and access to additional support
services from national partners. Including those with long-term health conditions such as frailty and dementia.
Throughout the year, we welcomed a range of guest speakers including Dementia Friends, MySight, Independent
Age and National Energy Action.
Frailty is one of the biggest challenges facing the UK's ageing population - with an estimated 25% of the population
aged 65+ in the next 20 years. Feel Good Gold is part of our innovative, person-centred approach to supporting the
health and wellbeing of older people in our communities - along with our Community Health Hubs and Talking
"Feel Good Gold has made a huge difference to the many people | have referred. Most would not have been able to
access the community independently and would still be sat at home lonely and isolated. Attending the sessions has
taken their minds off their issues and given them time to chat and have fun with others, while being fed and
entertained.
Julie Ellender, Community Connector
St Ann's Allotments
Highlights this year included working with students from the University of Derby to digitally map the site. Geographic
Information Systems (GIS) technologies are being used across the world to manage and protect the natural
environment and understand the impacts of climate change.
As a Grade 2* English Heritage site and a Site of Importance for Nature Conservation, the allotments are home to
many unique features including heritage-listed Victorian buildings, 32 miles of hedgerow creating a green corridor
for nature, and wildlife plots for rare birds, moths, butterflies, damselflies and dragonflies. Thank you to Bowmer and
We also hosted an academic research project led by Rhys Furlong - a lecturer in Positive Psychology at the
University of Northampton and PhD student at the University of Derby. The research shines a light on the
importance of allotments for tackling the issue of greening low-income areas, and the benefits of allotment
gardening within low income areas for supporting identity, empowerment and mental health. It can also help people
to build a sense of community. Rhys volunteered at St Ann's Allotments for 18 months so he could work closely with
allotment gardeners, staff and fellow volunteers and understand their unique experiences - captured through
interviews, recorded conversations, surveys and photography.
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THE RENEWAL TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
A new direction
Hungerhill Developments Ltd, part of The Renewal Trust, has managed St Ann's Allotments since 2008.
Unfortunately, the total withdrawal of funding from Nottingham City Council, which was previously approved for 30
years and the increased costs of managing the historic site along, has resulted in the Directors taking the difficult
decision to return the lease and management of the site back to Nottingham City Council on 31 January 2025.
We're incredibly proud of the primary role we've played in transforming St Ann's Allotments from a neglected site
into a vibrant, successful greenspace enjoyed by gardeners, new and established. The Renewal Trust was part of
the campaign to save and restore the largely derelict allotments in 2000. Since then, we have secured and invested
over £5 million of external grant funding to protect and enhance the site.
Our legacy includes ensuring St Ann's Allotments is now English Heritage Grade 2* listed, a Site of Importance for
Nature Conservation and an Asset of Community Value. It was a fitting tribute to see the site and its gardeners
featured on Monty Don's British Gardens in January.
New Roots - Branching Out
Building on the success of our New Roots project, we've continued working closely with East Midlands Probation
Service this year. Funded by Scottish Power Foundation, New Roots - Branching Out aims to help break the cycle
of reoffending by giving people on probation green skills, training and work experience, while reconnecting them
with nature and each other to support their mental health. Around 40% of people on people on probation are
experiencing a mental illness at any time, but not all of them will be accessing treatment or support.
People on probation have helped to transform under-used areas into spaces for people, food production and
wildlife, restore the site's 32 miles of hedgerow and build a wildlife pond. 100% of the participants reported they had
developed new skills, 60% reported a change in their behaviour or attitude and 60% reported a better quality of life.
Charlie* - who chose to return to St Ann's as a volunteer after completing his Community Payback hours - told us:
"I grew up in a little village in Northamptonshire, so I used to be in country fields, down by reservoirs, jumping in
lakes. I used to love that stuff. [Volunteering at St Ann's Allotments] is just something I'd like to do. I like being
outside and learning new skills at the same time as being in nature. One of my favourite tasks is tree pruning. When
I lived with my Mum, I helped thin out some of the trees a bit to clear our overgrown garden, which I loved doing."
Community Grants
Our Community Grants are small awards of up to £500, available to local groups and organisations in St Ann's and
Sneinton. This year, they've helped to fund a whole range of community events and activities including:
Sneinton Festival, gardening sessions, art workshops, women and girls cricket sessions, local open days, clearing
days, Christmas events and support for volunteer training for a local football club.
Over the year 13 local organisations and groups were supported with a community grant.
Our places and spaces
Hungerhill Trading Limited is the property-trading subsidiary of The Renewal Trust, created to generate a profit from
commercial property management, which in turn supports the incredible work The Renewal Trust does, with all
brofits reinvested to support deliver The Renewal Trust's charitable objectives.
Through the three Business Centres we offer affordable office space for local community organisations, charities
and small businesses.
Carlton Road Business Centre
Carlton Road Business Centre is part of Nottingham's Creative Quarter and home to a number of public and private
tenants and Voluntary and Community Sector
The Renewal Trust Business Centre
Based on Hawksworth Street, just one mile away from Nottingham city centre with good transport links and parking.
Public, Private and VCS sector.
John Folman Business Centre
The lease with Nottingham City Council for John Folman Business Centre ended in December 2024, which resulted
in the building and all the remaining tenants being transferred to Nottingham City Council. We were pleased to be
able to secure the tenancies of the vital charities based in the building and who were retained by Nottingham City
Council.
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THE RENEWAL TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Cherry Lodge
The number of community spaces in the UK has declined significantly in recent years - including pubs, libraries,
youth clubs and community centres. This is especially apparent in Nottingham as Community, Youth and libraries
are closing throughout the City. Impacting both local people and voluntary sector organisations - who need
community spaces to deliver vital community services.
So, it's great news that we've secured the future of Cherry Lodge as a hub for local communities in the area. It's
home to both The Renewal Trust and the wide range of services and activities we deliver including Feel Good Gold,
Mini Movers outdoor play, support for families, free drop-in social events, warm spaces and NHS Health Hubs.
However, we've had to work hard to secure Cherry Lodge's future as a hub for the community. When the derelict
building became vacant in 2017, The Sneinton Tenants Outreach Programme (STOP) approached us for help to
safeguard the building for local use.
Back then, Cherry Lodge needed substantial improvements to make it accessible and fit for community use. A
leaking roof with buddleia growing through it was just one of our first challenges. It was a chicken and egg situation
as to secure a 25-year-lease from Nottingham City Council, we needed to evidence the value of the building to the
community. But to secure funding to make the building accessible and fit for community use, we needed a long-term
_ocal businesses stepped in to give us a hand, including Copley Scientific Ltd whose staff team painted walls
voodwork and rails inside and out and installed racks in the storerooms to support our community activities. Wicke:
generously donated a new kitchen and appliances, which enables us to provide hot meals, and we've also been
supported by Experian, Capital One, The Prince's Trust and Church@Community.
"The whole team at Copley Scientific were able to see first-hand the impact made, not only to the building but also
the difference it makes to the wider community." Richard Postlethwaite, Chief Operating Officer at Copley
With Cherry Lodge's value to the community evidenced and a 25-year lease now secured from Nottingham City
Council, we can apply for funding to renovate the building even more. Future plans include making further
improvements inside and developing the garden area for activities including outdoor play for little ones. STOP
continues to work closely with us - encouraging local people to make the most of King Edward Park - a great green
space in the heart of the community.
Here's what the community says:
"Cherry Lodge is a fantastic service and very much needed within our community. I would be lost without it and the
staff that support it."
"Lovely space with lots of activities and groups for the community."
"Very welcoming, great location, clean feel, nice that staff are also based at the venue."
"Cherry Lodge has been transformed into a hub for the community and has a warm, welcoming feel with really good
facilities like a kitchen."
Brendon Lawrence Sports Centre
netball, cricket, tennis, badminton, fitness classes and martial arts.
This year the sports centre was used for a range of activities, including Badminton, Pickleball, indoor cricket, dance
yoga, netball, cycling sessions, football, sports and fitness, activities and early years activities Tiny Talk, Boogie
Beats and Mini Movers.
We worked in also partnership with a number of organisations to provide cricket, football, health and wellbeing
sessions and school holiday clubs.
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THE RENEWAL TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Financial review
During this period the Renewal Trust and our beneficiaries have benefitted from a range of funding sources. We
continue to benefit from Holiday Activities Fund (HAF) and Children in Need (CiN) to support key programmes. The
Holiday activity fund was a benefit as we hadn't anticipated this funding being available again during this period.
Following Nottingham City Councils notice that all funding for the historic St Anns allotments would be withdrawn,
the Directors transferred the site and its management back to Nottingham City Council at the end of January 2025.
This included the TUPE of 3 members of staff.
The financial instability of Nottingham City Council continues to impact the sector, with increased competition for
grant funding and services being cut.
The financial performance of Hungerhill Trading Ltd continues to support the financial security of the Charity.
Reserves policy
1. Introduction
The Renewal Trust's reserves policy outlines how the charity will manage its reserves to ensure long-term financial
stability and support the achievement of its charitable objectives. The policy defines the amount of reserves the
charity needs to hold, how reserves will be used, and how the charity will ensure they are appropriately maintained.
2. Purpose of Reserves
The primary purposes of holding reserves are:
Financial Stability: To ensure the charity can continue to operate in periods of financial uncertainty or during
temporary shortfalls in income.
Liquidity: To provide a buffer that allows the charity to meet its short-term financial obligations and commitments
Risk Management: To mitigate risks associated with fluctuations in income, unexpected expenses, or changes in
funding.
Strategic Flexibility: To allow the charity to take advantage of opportunities or respond to unforeseen needs that
align with its mission.
The Renewal Trust will maintain reserves within the following parameters:
Target Reserve Range: The Trust will aim to hold free reserves within a target range of 4 to 6 months of operating
costs, providing additional flexibility to support strategic objectives or respond to unexpected challenges.
4. Types of Reserves
The Renewal Trust's reserves will be classified as follows:
Unrestricted Reserves: These are reserves that the charity is free to use at its discretion in support of its mission.
They can be used for operational needs, investments in programs, or as a buffer for periods of lower income.
-ree Reserves: These are unrestricted reserves less fixed assets and any defined pension liability
Restricted Reserves: These are funds that are designated for specific purposes based on donor restrictions o
legal requirements. These funds cannot be used for general operational needs but must be spent in accordance
with their intended purpose.
Designated Reserves: hese reserves are a subset of unrestricted reserves that the Trustees have specifically set
aside for particular projects or future commitments. These reserves are flexible but can only be used for the purpose
designated by the Trustees.
5. Management and Monitoring of Reserves
The Finance and Fundraising Subgroup of the Board of Trustees is responsible for monitoring and managing
reserves. The Finance and Fundraising Subgroup will:
Annual Review: The reserves policy and reserve levels will be reviewed annually as part of the charity's financial
planning process to ensure the reserves are appropriate for the charity's needs.
Regular Monitoring: Through the Management reporting, the Finance Director will monitor reserves on a quarterly
basis to ensure they are being used effectively and to identify any potential shortfalls or excess reserves that may
need to be addressed.
Financial Planning: The charity will consider its reserves as part of its broader annual financial planning, ensuring
that it has a sustainable balance between income generation, expenditure, and the maintenance of reserves.
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THE RENEWAL TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Reporting: The charity will report on the level of its reserves annually in its financial statements and within its
annual report to ensure transparency and accountability to its stakeholders.
6. Use of Reserves
Reserves will be used in the following circumstances:
To cover operational shortfalls: In case of unexpected income reductions or expenditure increases, reserves may
be used to maintain normal operations while the situation is addressed.
To fund new initiatives or one-off projects: Reserves may be used to fund strategic projects or programs that
align with the charity's mission but are not covered by designated income or funding sources.
To support cash flow needs: Reserves may be used to bridge gaps in cash flow, particularly if there is a delay in
receiving grants or donations.
To respond to emergencies: Reserves may be deployed in response to unforeseen circumstances, such as an
emergency grant opportunity or a response to a crisis that aligns with the Trust's mission.
Any use of reserves will be carefully considered,
ensuring that the decision is in line with the charity's strategic
objectives and that reserves are replenished within a reasonable time frame if they are used and ratified by the
Board of Trustees
7. Replenishment of Reserves
If reserves are used below the minimum required level, the charity will aim to replenish them as follows:
Replenishment Plan: The charity will
set a clear plan for replenishing reserves, which may involve reducing
expenditure, increasing fundraising efforts, or diverting surplus income toward reserves.
8. Communication of Reserves Policy
The charity will ensure transparency around its reserves policy, including communicating the rationale behind its
reserves strategy and the level of reserves held, to stakeholders such as donors, funders, and the general public.
This will be included in the charity's annual report and financial statements.
9. Review of Reserves Policy
The Finance and Fundraising Subgroup will review the reserves policy annually or more frequently if required,
ensuring that the policy remains relevant and appropriate in light of changes in the charity's activities, financial
position, or external environment.
At 31 March 2025, The Renewal Trust held restricted funds of £88,247 (2024: £97,517).
Unrestricted funds total £683,311 (2024: £493,341), of which £101,842 (2024: £85,915) has been allocated to
designated funds and £100,000 (2024: -£10,000) relates to the pension reserve.
The level of free reserves held by The Renewal Trust at 31 March 2025 was £580,217(2024: £497,749).
Major risks
The Trustees have a risk management strategy, which comprises:
• An annual review of the primary risks to governance, operations, finances, environment and compliance to the
charity and its subsidiaries.
• Policies, systems and processes to mitigate those risks
• Implementation of procedures to minimise or manage any potential impact on the charity if any of the primary
risks should materialise.
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THE RENEWAL TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management
The Renewal Trust is a Company Limited by Guarantee and a Registered Charity. It is a membership organisation.
It is governed by its Memorandum and Articles of Association.
is a charity, were governed by a Board of Trustees made up of volunteers from the community, public and private
sectors who give their time to support and guide our governance and strategic direction.
rustees are appointed at the Annual General Meeting and a third of the Board retire by rotation each year and ar
ligible for re-election. The Board meet monthly to discuss and set strategic direction and policy for the organisatior
Luke Raddon Jackson joined the Board this year.
' was born in St Ann's and growing up in this community instilled in me a deep sense of pride and belonging. I
wanted to play an active role in helping my community flourish and The Renewal Trust is the perfect platform to do
that. As someone who cares deeply about Nottingham, being part of an organisation that listens to and works
closely with the community was a natural step and its great seeing the tangible impact of the work I'm supporting."
Emmanuel Aboagye-Nimo has been a Trustee since December 2023.
"My passion for community work stems from my childhood growing up all over the world and being involved in local
projects including homeless shelters and health drives such as immunisation initiatives. I found out about The
Renewal Trust through my volunteering for local events in Nottingham. They were facilitating dialogue among local
charities about improving social conditions for a wide range of communities. I've been happy to be involved in all
their activities ever since.'
Over the reporting period, we said goodbye to one of our long-standing Trustees, Bettina Wallace who made an
incredible contribution to The Renewal Trust and we are grateful for their support. David Liversidge also decided to
step down as Chair of the Board and Chris Harries was appointed the new Chair of the Board, with David taking on
the position of Vice Chair.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to
the date of signature of the financial statements were:
Dr E Aboagye-Nimo
E F Davidson
C Harries (Chair)
J L Hufton
D Jean
(Appointed 14 January 2025)
(Appointed 4 February 2025)
D Liversidge (Vice Chair)
R P Purewal
L C Raddon Jackson
M Shannon
PJ Wright
B Wallace
(Resigned 28 November 2024)
Recruitment and appointment of trustees
The charity carries out an audit of skills, knowledge and experience of existing Trustees and uses the information to
determine any skills, knowledge of experience needed on the board. New Trustees submit a CV to the Board prior
to their appointment at the AGM.
All new Trustees are inducted by the Chief Executive Officer (CEO) and given a copy of the Trustee Handbook,
which identifies how the Renewal Trust is governed, managed and its purposes along with links to Company
Policies. All Trustees will receive a copy of the latest financial reports and take part in training opportunities
throughout the year.
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THE RENEWAL TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Remuneration policy
The Renewal Trust and subsidiaries are committed to recruiting high calibre people to represent our interests. We
also believe in rewarding staff fairly for jobs they do and in fostering a positive working environment, we believe our
salaries and our terms and conditions reflect this. As such we have a robust Remuneration Policy which is overseen
by the HR Sub Committee and decisions ratified by the Renewal Trust Board.
We are proud to be a Living Wage Employer. New posts are benchmarked against market comparables. Each year
the HR Sub Committee will consider cost of living adjustments against affordability, performance and recent Cost of
Living adjustments.
The Renewal Trust HR Sub Committee assumes the responsibilities of a remuneration committee and comprises
the Chair of the Board along with at least two other trustees. Formal consideration of remuneration matters will take
place annually however. Decisions regarding the CEO's salary are considered by the HR subgroup without the
CEO being present and will include an external independent advisor.
Relationship with related parties
Where costs have been incurred by The Renewal Trust's trading subsidiaries but have been procured through The
Renewal Trust, all costs have been transferred at face value, this includes the cost of staff who are employed by the
Renewal Trust and have a proportion of their salaries recharged to subsidiaries
The Renewal Trust rents office space at Carlton Road Business Centre from Hungerhill Trading Ltd at market rate.
The trustees' report was approved by the Board of Trustees.
C Harries (Chair)
Trustee
Date: ...
24/09/2025.
- 10 -

THE RENEWAL TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE RENEWAL TRUST
I report to the trustees on my examination of the financial statements of The Renewal Trust (the trust) for the year
ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the trust (and also its directors for the purposes of company law), you are responsible for the
preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the trust are not required to be audited under Part 16 of the
Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the
trust's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I
have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Since the trust's gross income exceeded £250,000, the independent examiner must be a member of a body listed in
section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a
member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the trust as required by section 386 of the Companies Act 2006.
the financial statements do not accord with those records; or
3
the financial statements do not comply with the accounting requirements of section 396 of the Companies Act
2006 other than any requirement that the financial statements give a true and fair view, which is not a matter
considered as part of an independent examination; or
4
the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice
accounting and reporting by charities applicable to charities
preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Melvin Bailey FECA DCLA
Rogers Spencer
Newstead House
Pelham Road
Nottingham
NG5 1AP
Date: ..
- 11-

THE RENEWAL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Restricted
funds
funds
2025
Notes
Income from:
Charitable activities
Other trading activities
Investments
Total income
Expenditure on:
Charitable activities
Property management
6
8
Total expenditure
Net income/(expenditure)
Transfers between
funds
Other recognised
gains and losses:
Actuarial gains on
defined benefit pension
schemes
Net movement in
funds
Reconciliation of funds:
Fund balances at 1 April 2024
Fund balances at 31 March
2025
252,276
121,660
17,098
391,034
246,045
60,019
306,064
84,970
-
105,000
189,970
493,341
683,311
34,424
2,773
37,197
39,885
6,582
46,467
(9,270)
-
(9,270)
97,517
88,247
Total Unrestricted Restricted
funds
funds
2025
2024
€
2024
€
286,700
124,433
17,098
428,231
285,930
66,601
352,531
75,700
-
105,000
180,700
590,858
771,558
293,673
64,221
357,894
209,377
50,697
260,074
97,820
6,218
43,000
147,038
346,303
493,341
398,260
5,026
-
403,286
382,186
-
382,186
21,100
(6,218)
-
14,882
82,635
97,517
Total
2024
691,933
69,247
761,180
591,563
50,697
642,260
118,920
-
43,000
161,920
428,938
590,858
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
- 12-

THE RENEWAL TRUST
BALANCE SHEET
AS AT 31 MARCH 2025
Notes
2025
Fixed assets
Tangible assets
Investments
Current assets
Debtors
Cash at bank and in hand
15
Creditors: amounts falling due within
one year
Net current assets
16
Total assets less current liabilities
Defined benefit pension liability
Net assets excluding pension surplus/(deficit)
Defined benefit pension surplus
18
18
Net assets
The funds of the trust
Restricted income funds
Unrestricted funds
Pension reserve
20
3,093
1
3,094
44,259
743,936
788,195
(119,731)
668,464
671,558
-
671,558
100,000
771,568
88,247
583,311
100,000
771,558
- 13-
2024
5,591
5,592
333,890
412,337
746,227
(150,961)
595,266
600,858
(10,000)
590,858
590,858
97,517
503,341
(10,000)
590,858

THE RENEWAL TRUST
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in
accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the trustees on 24/09/2025
CHta
C Harries (Chair)
Trustee
Company registration number 03345194 (England and Wales)
- 14-

THE RENEWAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity information
The Renewal Trust is a private company limited by guarantee incorporated in England and Wales. The
registered office is 27-31 Carlton Road, Nottingham, NG3 2DG.
1.1
Accounting convention
The financial statements have been prepared in accordance with the trust's governing document, the
ompanies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic o
reland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommende
actice applicable to charities preparing their accounts in accordance with the Financial Reporting Standa
plicable in the UK and Republic of Ireland (FRS 102)". The trust is a Public Benefit Entitv as defined by FR
102.
Alve trust has taken advantage of the provisions in the SORP for charities not to prepare a statement of cast
The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary
amounts in these financial statements are rounded to the nearest f.
The financial statements have been prepared under the historical cost convention, [modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at fair
value]. The principal accounting policies adopted are set out below.
Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the trust
has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financial statements
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restriction imposed by donors o
vhich have been raised by the charity for particular purposes. The cost of raising and administering suct
funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to
the financial statements.
1.4
Income
All incoming resources are included in the SOFA when the charity is legaliy entitled to the income and the
amount can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the charity being
notified of an impending distribution or the legacy being received.
Gifts in kind donated are included at valuation and recognised as income when they are distributed to
projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at
the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are
included in the financial statements for services donated by volunteers.
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the
charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is
probable that the income will be received and the amount can be measured reliably and is not deferred.
Donations and gifts are included in full in the Statement of Financial Activities when receivable.
- 15-

THE RENEWAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1.5
Accounting policies
Expenditure
(Continued)
Governance costs are those incurred in connection with administration of the charity and compliance with
constitutional statutory requirements.
1.6 Tangible fixed assets
Tangible fixed assets costing more than £1,000 are stated at cost (or deemed cost) or valuation less
cumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable t
aking the asset capable of operating as intendec
Fixtures and fittings
25% Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Fixed asset investments
Investments are stated at market value at the balance sheet date. The statement of financial activities
includes the net gains and losses arising on revaluations throughout the year.
subsidiary is an entity controlled by the trust. Control is the power to govern the financial and operati
licies of the entity so as to obtain benefits from its activitie
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
1.9 Financial instruments
The trust has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other
Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the trust's balance sheet when the trust becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
- 16 -

THE RENEWAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the trust's contractual obligations expire or are discharged or
cancelled.
1.10 Retirement benefits
The charity operates a defined contribution pension scheme and a defined benefit pension scheme.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Obligations for contributions to the defined
contribution pension scheme are charged to the statement of
financial activities in the period to which the contributions relate.
For the defined benefit scheme, the pension costs are assessed using the projected unit of credit method and
reviewed annually by independent actuaries. Service costs are charged to the statement of financial activities
so as to spread the costs over the service lives of employees. Net interest on the net defined benefit liability/
(asset) is determined by multiplying the net defined liability/(asset) by the discount rate, as determined at the
start of the annual reporting period, taking account of any changes in the net defined benefit liability/(asset)
during the period as a result of contributions and benefit payments. Net interest is charged to the statement of
financial activities in the period.
Remeasurements of the net defined benefit liability/(asset) are charged through other comprehensive income
in the period in which they occur. Remeasurement of the net defined benefit liability/(asset) recognised in the
comprehensive income is not
reclassified to income or expenditure in a subsequent period.
Remeasurement of the net defined benefit liability/(asset) comprise actuarial gains and losses, the return on
plan assets, excluding amounts included in net interest on the net defined benefit liability/(asset).
If the defined benefit plan has been curtailed or settled during the year, the defined benefit obligation is
decreased or eliminated, and the charity recognises the resulting gain or loss in the statement of financial
activities in the current period.
- 17 -

THE RENEWAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
2 Critical accounting estimates and judgements
3
4
5
In the application of the trust's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from charitable activities
Unrestricted Restricted
Total Unrestricted Restricted
funds
funds
Total
2025
2025
2025
funds
funds
2024
2024
€
€
€
2024
Charitable activites income
Nottingham City Council
Other grant income
185,130
67,146
252,276
34,424
34,424
Income from other trading activities
Unrestricted Restricted
funds
2025
funds
€
2025
€
Rent
Other earned income
Other trading activities
70,429
51,231
121,660
2.773
2,773
Income from investments
185,130
101,570
286,700
222,554
71,119
293,673
180,796
217,464
398,260
Total Unrestricted Restricted
funds
2025
€
2024
funds
€
2024
€
70,429
54,004
124,433
56,675
7,546
2,880
2,146
64,221
5,026
403,350
288,583
691,933
Total
2024
59,555
9,692
69,247
Interest receivable
Unrestricted Unrestricted
funds
funds
2025
2024
17,098
- 18-

THE RENEWAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
6 Expenditure on charitable activities
Pension scheme interest
Advertising & publicity
Legal & professional
Share of support and governance costs (see note 7)
Governance
Analysis by fund
Unrestricted funds
Restricted funds
Total
2025
€
151,923
27,994
5,780
47,067
4,403
2,115
239,282
46,648
285,930
246,045
39,885
285,930
7
Support costs allocated to activities
Governance
Governance costs comprise:
Audit & independent examination fees
Accountancy fees
Staff costs
Board: Admin costs
Legal & professional fees
Total
2025
46,648
2025
3,533
1,500
20,760
176
20,679
46,648
- 19-
Total
2024
€
199,963
123,575
160,092
5,560
53,986
2,000
:
545,176
46,387
591,563
209,377
382,186
591,563
Total
2024
46,387
2024
10,055
20,318
67
15,947
46,387

THE RENEWAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Property management
Property management
DBS checks
Unrestricted Restricted
funds
funds
2025
2025
€
60,019
6,582
60,019
6,582
Total Unrestricted Restricted
funds
funds
2025
€
2024
2024
€
€
66,601
66,601
50,647
50
50,697
:
Total
2024
€
50,647
50
50,697
2024
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
2025
€
4,000
2,497
10,200
4,944
10
Trustees
11
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
trust during the year.
Employees
The average monthly number of employees during the year was:
Employment costs
Wages and salaries
Social security costs
Other pension costs
2025
Number
14
2025
128,502
6,694
16,727
151,923
2024
Number
13
2024
178,008
8,760
13,195
199,963
There were no employees whose annual remuneration was more than £60,000.
- 20-

THE RENEWAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11 Employees
Remuneration of key management personne
"he remuneration of key management personnel was as follows
(Continued)
2025
€
148,315
2024
170,023
Aggregate compensation
12 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
13 Tangible fixed assets
Cost
At 1 April 2024
At 31 March 2025
Depreciation and impairment
At 1 April 2024
Depreciation charged in the year
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024
14 Fixed asset investments
Fixtures ags
€
22,552
22,552
16,962
2,497
19,459
3,093
5,591
Other
investments
Cost or valuation
At 1 April 2024 & 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024
- 21 -

•
THE RENEWAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
14 Fixed asset investments
Other investments comprise:
Investments in subsidiaries
15 Debtors
Amounts falling due within one year:
Trade debtors
Amounts owed by fellow group undertakings
Prepayments and accrued income
Notes
24
16 Creditors: amounts falling due within one year
Notes
17
Deferred income
Trade creditors
Amounts owed to fellow group undertakings
Other creditors
Accruals
17 Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
- 22-
1
2025
30,780
13,479
44,259
2025
10,857
35,699
62,332
1,914
8,929
119,731
2025
10,857
2025
€
10,857
(Continued)
2023
€
1
2024
122,610
201,075
10,205
333,890
2024
46,304
76,161
-
1,109
27,387
150,961
2024
46,304
2024
46,304

THE RENEWAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 Deferred income
Deferred income at 1 April 2024
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2025
46,304
(35,447)
10,857
(Continued)
64,344
(64,344)
46,304
46,304
18 Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
2025
€
16,727
2024
13,195
The trust operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the trust in an independently administered fund.
Defined benefit schemes
Key assumptions
Discount rate
Expected rate of increase of pensions in payment
Expected rate of salary increases
RPI inflation
Mortality assumptions
The assumed life expectations on retirement at age 65 are:
2025
5.9%
2.9%
3.9%
3.2%
2024
%
4.9%
2.9%
3.9%
3.2%
Retiring today
- Males
- Females
Retiring in 20 years
- Males
- Females
2025
Years
21
23
22
25
2024
Years
20
23
22
25
- 23-

THE RENEWAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18 Retirement benefit schemes
Amounts recognised in the profit and loss account
Costs/(income):
Current service cost
Netheres on defined benefit alied to the income statement.
Total costs
Amounts recognised in other comprehensive income
Costs/(income):
Actual return on scheme assets
Less: calculated interest element
Return on scheme assets excluding interest income
Restriction on net interest income credited to the income statement
Actuarial changes related to obligations
Total costs/(income)
The amounts included in the balance sheet arising from the trust's obligations
in respect of defined benefit plans are as follows:
Liabilities/(assets):
Present value of defined benefit obligations
Fair value of plan assets
(Surplus)/deficit in scheme
Movements in the present value of defined benefit obligations
Liabilities at 1 April 2024
Current service cost
Benefits paid
Contributions from scheme members
Actuarial gains and losses
Interest cost
At 31 March 2025
- 24-
2025
€
25,000
9,000
(9,000)
25,000
2025
€
(26,000)
26,000
9,000
(114,000)
(105,000)
(Continued)
2024
€
19,000
(22,000)
24,000
21,000
2024
€
(56,000)
56,000
(24,000)
(19,000)
(43,000)
2025
653,000
(753,000)
(100,000)
722,000
(712,000)
10,000
2025
722,000
25,000
(22,000)
7,000
(114,000)
35,000
653,000

THE RENEWAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18
Retirement benefit schemes
The defined benefit obligations arise from plans funded as follows:
Wholly unfunded obligations
Wholly or partly funded obligations
(Continued)
2025
€
(653,000)
653,000
2025
€
712,000
26,000
(22,000)
30,000
7,000
753,000
Movements in the fair value of plan assets
Fair value of assets at 1 April 2024
Interest income
Benefits paid
Contributions by the employer
Contributions by scheme members
At 31 March 2025
The actual return on plan assets was £35,000 (2024 - £32,000).
Fair value of plan assets
Equity instruments
Debt instruments
Property
Other bonds
Cash
Infrastructure
Inflation-linked pooled fund
Private equities
2025
€
391,000
63,000
77,000
48,000
41,000
55,000
52,000
26,000
753,000
2024
431,000
17,000
76,000
35,000
43,000
51,000
36,000
23,000
712,000
- 25 -

THE RENEWAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19
Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trus
subject to specific conditions by donors as to how they may be used
A1 1 14024
Incoming Resources
resources
expended
€
Transfers At 31 March
2025
€
Mini Movers
Independent Age
HLG
New Roots
20,063
4,759
72,695
31,150
(21,044)
(4,759)
(14,617)
(6,047)
:
30,169
58,078
97,517
6,047
37,197
(46,467)
88,247
Previous year:
A1 1 402i
Incoming
resources
€
Resources
expended
€
Transfers At 31 March
2024
€
Mini Movers
Holiday Activity Fund
Independent Age
Area Based Grant
UKSPF
HLG
24,276
91,032
42,407
180,797
64,774
82,635
(4,212)
(91,032)
(37,649)
(174,579)
(64,774)
(9,940)
:
(6,218)
:
20,064
4,758
72,695
82,635
403,286
(382,186)
(6,218)
97,517
Mini Movers
Soft play and outdoor place for children under 4 years old.
Holiday Activity Fund
Positive activities for children of families receiving free school meals.
Independent Age
Feel Good Gold, luncheon club with social activities for vulnerable people over 60.
Area Based Grant
Administering grant funding to the voluntary sector.
UKSPF
Capital and revenue funding to support the future sustainability of the Brendon Lawrence Sports Centre.
Nottingham Hostels Liaison Group (HLG)
Funds transferred to The Renewal Trust on the closure of Nottingham Hostels Liaison Group. To support the
relief of poverty for those experiencing hardship.
Branching out aimed to help break the cycle of reoffending by giving people on probation green skills, training
and work experience, while reconnecting them with nature and each other to support their mental health.
- 26 -

THE RENEWAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20 Unrestricted funds
Redundancy
Provision
General funds
Pension fund
Previous year:
Redundancy
Provision
General funds
Pension fund
At 1 April
2024
85,915
417,426
503,341
(10,000)
493,341
At 1 April
2023
€
69,435
330,868
400,303
(54,000)
346,303
21 Analysis of net assets between funds
391,034
391,034
391,034
Incoming
resources
357,894
357,894
357,894
Resources
expended
€
(311,064)
(311,064)
5,000
(306,064)
Resources
expended
€
(261,074)
(261,074)
1,000
(260,074)
Transfers
15,927
(15,927)
-
Transfers
16,480
(10,262)
6,218
6,218
At 31 March 2025:
Tangible assets
Investments
Current assets/(liabilities)
Provisions and pensions
Unrestricted
funds
2025
€
3,093
1
580,217
100,000
683,311
- 27-
Gains and At 31 March
losses
2025
€
:
105,000
105,000
101,842
481,469
583,311
100,000
683,311
Gains and At 31 March
losses
2024
€
:
85,915
417,426
43,000
43,000
503,341
(10,000)
493,341
Restricted
funds
2025
:
88,247
88,247
Total
2025
€
3,093
1
668,464
100,000
771,558

THE RENEWAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
21
Analysis of net assets between funds
At 31 March 2024:
Tangible assets
Investments
Current assets/(liabilities)
Provisions and pensions
Unrestricted
funds
2024
5,591
1
497,749
(10,000)
493,341
Restricted
funds
2024
97,517
97,517
(Continued)
Total
2024
€
5,591
1
595,266
(10,000)
590,858
22 Operating lease commitments
Lessee
At the reporting end date the trust had outstanding commitments for future minimum lease payments under
non-cancellable operating leases, which fall due as follows:
Within one year
Between two and five years
2025
€
600
1,200
1,800
2024
600
1,800
2,400
23
Related party transactions
unily owned suasius ransactions took place between The Renewal Trust and Hungeril Trading Limited, a
The Renewal Trust rents office space at Carlton Road Business Centre from Hungerhill Trading Limited, at
market rate. The rental charge during the year was £19,860 (2024: £18,912).
At the balance sheet date, £30,835 (2024: £167,255) was owed by Hungerhill Trading Limited to The Renewal
Trust.
During the year various transactions took place between The Renewal Trust and Hungerhill Developments
Limited, a wholly owned subsidiary.
the balance sheet date £93,167 was owed to Hungerhill Developments Limited by ine Renewai Iru
024: £33.820 was owed by Hunderhill Develooments Limited to The Renewal Trus
- 28-

THE RENEWAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
24
Subsidiaries
These financial statements are separate trust financial statements for The Renewal Trust.
Separate company financial statements are required to be prepared by law.
Details of the trust's subsidiaries at 31 March 2025 are as follows:
Name of undertaking
Registered
office
Nature of business
Class of
shares held
Hungerhill Developments
Limited
Hungerhill Trading Limited
nited Kingdom Allotment managemer
Ceased January 202:
United Kingdom Property management
Ordinary
Shares
Ordinary
Shares
The investments in subsidiaries are all stated at cost.
- 29 -
% Held
Direct Indirect
100.00
100.00