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2022-12-31-accounts

Charity registration number 1145056

Company registration number 7502624 (England and Wales)

RENEWAL NORTHWEST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

RENEWAL NORTHWEST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs S Durrant
Mr A P Dutton
Mr A S Gordon
Mr C R Maffey
Mrs A Newall
Dr D J Watts
Secretary Mr C R Maffey
Charity number 1145056
Company number 7502624
Principal address 61-63 Shaw Heath
Stockport
Cheshire
SK3 8BH
Registered office 61-63 Shaw Heath
Stockport
Cheshire
SK3 8BH
Independent examiner ART Accountants Limited
Ground Floor
11 Manvers Street
Bath
BA1 1JQ
Bankers Santander Bank
PO Box 10102
21 Prescot Street
London
E1 8TN
The Co-operative Bank plc
Head Office
PO Box 101
1 Balloon Street
Manchester
M60 4EP
Solicitors Knights PLC
Two Saint Peters Square
Manchester
M2 3AA

RENEWAL NORTHWEST

CONTENTS

Page
Trustees' report 1 - 11
Independent examiner's report 12
Statement of financial activities 13
Balance sheet 14
Statement of cash flows 15
Notes to the financial statements 16 - 26

RENEWAL NORTHWEST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees present their annual report and financial statements for the year ended 31 December 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Companies Act 2006 and "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)" (effective 1 January 2019).

Objectives and activities

The Charity has three objectives which are as follows:

(1) The relief of unemployment for the Public Benefit in the Greater Manchester area in such ways as may be thought fit, including the provision of work experience, skills development and training so as to assist in gaining employment and the provision of food and temporary accommodation for homeless unemployed persons.

(2) The relief of financial hardship among people living in the Greater Manchester area by providing such persons with items of affordable furniture and other household accessories and support in setting up home, which, through lack of means, they could not otherwise afford.

(3) The advancement of the Christian Faith by such charitable means as the Trustees from time to time shall determine.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

Activities to further our First Objective

The relief of unemployment -

During 2022 we have provided a work experience and training programme (Community Work Programme) for unemployed people at our 61-63 Shaw Heath, Stockport facility which consists of several rented large units.

We have welcomed volunteers to our Programme from various sources, some of whom were ‘self-referred’.

Once a volunteer has completed the induction process and initial assessment, their work experience is designed to suit each individual’s ability and requirements. Many of these people have not been in work for several years prior to their coming to us.

The work experience we provide is quite varied and sometimes involves all departments of our operation or may just focus on one speciality. The main areas where experience can be gained are;

(a) Furniture display and showroom sales,

(b) Logistics (collection and delivery of furniture and white goods),

(c ) Computers,

Specific training has been available in disciplines such as customer handling, refurbishment of computers or electrical appliances and portable appliance testing competency. We have provided opportunities for furniture making and restoration and general office training. Individuals can be provided with training related to online advertising of our recycled goods which in turn can lead to opportunities in computing and handling e-commerce advertising and sales.

During 2022, we have completed the building/fit out works to our cafe/residential premises adjacent to our main showroom complex. As a result there was additional work experience and training in building/fit out works.

RENEWAL NORTHWEST

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022

The provision of food and Temporary accommodation–

The Provision of food-

Providing food for homeless unemployed individuals was reassessed at the end of 2018/beginning of 2019. As a result, the weekly ‘Drop in’ on Sunday afternoons and our ‘Street Work Programme’ on Sunday evenings, both based in Manchester city centre, were suspended. This was due to an increase in risk linked to these activities, mainly due to the spice drug that has had an adverse impact on the atmosphere amongst some of the groups that we were seeking to reach.

During 2020, we have commenced an alternative way of providing food because of the hardship facing many families due to the Covid-19 Pandemic. We were able to provide food hampers and gas/electric vouchers to support those on reduced incomes, which included some of our staff who were part of the Government furlough scheme. This continued during 2021 and 2022, but this has become less of a priority for the charity and the focus instead has been on employment and accommodation.

Temporary accommodation:

Temporary accommodation has been a central part of the work of Renewal North West for the benefit of homeless adults, most of which have had a history of alcohol abuse, drug abuse, or are ex-offenders. This has previously been provided at two locations in Stockport:

Providing for this need remains a focus for Renewal North West, but we have been conscious of the developing needs of individuals referred to us, along with an increase in risk. During 2021 and 2022, the strategy for this side of the work has been developing and during 2022, we were able to commence use of the flat accommodation above the cafe. At the end of 2022, we completed on the purchase of a new building to further this work, 26 Buxton Road. Once this facility is fully operational, we will be able to house and care for another 5 individuals on our residential programme, doubling our current capacity. Residents come to us through various channels, but most often this happens through a referral via the prison chaplaincy service.

The charity has suspended use of our Executive Officer’s private residence for temporary accommodation, as this no longer aligns with the strategy and risk tolerances agreed by the Trustees.

RENEWAL NORTHWEST

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022

Activities to further our Second Objective

Providing affordable furniture and essential household goods-

We have used our rented space at 61-63 Shaw Heath, Stockport to display low cost large and small essential items of furniture, white goods and smaller electrical appliances along with bric-a-brac and clothing for sale. The majority of the items we have had available were used and had been donated but some white goods were brand new.

The fact that we have available low-cost items for sale is widely known in the area now that we have been operating for well over ten years. Advertisements for Renewal North West’s services also stress the low-cost aspect. Consequently, we supply many needy local people, who exist on benefits or low incomes, with furniture and other household accessories to help them in their need.

To give an idea of the specific essential needs there follows a list of the types of items that we have supplied at

affordable prices in the year:

FURNITURE: Sofas (leather and Fabric), riser recliner armchairs, easy chairs, wing backed chairs, sideboards, display cabinets, dining tables and chairs, kitchen stools, bookcases, TV stands, coffee tables, conservatory furniture, bedroom furniture such wardrobes, bedside cabinets, bed bases and headboards. In addition to this bedroom furniture we have supplied many reasonably priced mattresses.

ELECTRICAL GOODS: Electric cookers, washing machines, fridges, freezers, dishwashers and integrated appliances. Smaller items: Microwaves, vacuum cleaners, toasters, kettles, irons, TV’s, DVD players, music systems etc.

Many of the larger items we have delivered for a small additional charge and even provided free fitting and installation of the goods where necessary to assist those in financial difficulty in setting up home.

CLOTHING: We have displayed and sold a large selection of Men’s, ladies and children’s items of clothing and a good variety of donated Bric-a-brac items such as ornaments, vases, picture frames, cups saucers and cutlery. The availability of all these low-cost items has proved to be a great benefit to those in financial hardship in the Stockport area throughout the year.

RENEWAL NORTHWEST

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022

Activities to further our Third Objective

Advancement of the Christian Faith:

Our Faith in Christ forms the essential basis and motivation for everything we do in pursuit of our objectives for the benefit of others. The Lord Jesus, when quoting the prophet Isaiah made His mission clear: ‘The Spirit of the Lord is upon me, because he hath anointed me to preach the gospel to the poor; he hath sent me to heal the broken hearted, to preach deliverance to the captives, and recovering of sight to the blind, to set at liberty them that are bruised’ (Luke 4 v 18). We would seek to follow His example in concern and care for the most marginalised. It remains our desire whenever possible to enable others to discover the truth about this unique Person and for them to experience the transforming power of a Christ filled life. Our activities that help advance the Christian faith are set out below.

Organisational structure and leadership: Our Executive Officer, managers and some key volunteers are all Christians, seeking to serve God through their roles. Some of these individuals would express a sense of calling to the work of Renewal North West. As such, both the leadership of the organisation as a whole and the operation of the functions on a day-to-day basis are led with the priority of advancing the Christian faith.

Christian focus session for volunteers and staff: The first hour of each working day at 61-63 Shaw Heath consists of a session to focus exclusively on the message of hope available through Jesus Christ. This daily session is freely available to all volunteers and staff.

The hour is usually divided into segments for singing and watching video clips of Christian songs and a segment devoted to a Bible reading and talk. We have seen that this routine ‘sets us up’ for each day and is an excellent way to facilitate the advancement of the Christian faith.

Free Christian literature provision: Our furniture showroom is used to display literature consisting of Bibles, portions of scripture and Christian leaflets etc. These are available to any of our beneficiaries who want them free of charge. Free literature is sometimes distributed outdoors by individual workers in the Charity.

Personal Christian testimony: We also promote the Christian faith in the most effective way by our supporters sharing their experiences of how Jesus Christ has transformed their own lives. These one-to-one witnessing opportunities often arise in our day-to-day business as customers browse in our showroom. Stories of freedom from drug or drink dependency because of God's power in an individual, certainly serve to advance the Christian faith.

Systematic Bible teaching: Volunteers often benefit from regular systematic teaching sessions which are often presented in video format followed by opportunity for discussion. These sessions certainly help the participants to develop in the Christian faith.

Cafe: In addition to our furniture showroom, we opened our adjacent cafe,'Refresh' on 1 February 2022. This is a facility for us to meet people from the community and informally share the message of the gospel.

RENEWAL NORTHWEST

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022

Achievements and performance

Achievements in 2022 related to our objectives

First Object Achievements - The relief of unemployment

Throughout 2022, 83 individuals have been provided with work experience and skills development to support them back into work.

Throughout 2022, 26 individuals have been employed through Renewal NW. This has brought each individual renewed hope and a transformed life. For many, this has meant for them a break in long term benefit dependency thus representing a saving to the Public Purse in benefit payments. They had discovered that a fixed routine and meaningful occupation of time helped self-esteem more than time spent unoccupied at home.

Residential Programme:

Changes required to the residential programme

As referred to in our 2020 report, we had undertaken a risk assessment of the residential programme and in conjunction with planning for the future, identified the following:

Second Object Achievements - The relief of financial hardship

During 2022 we have sold 151,578 items of low cost, high-quality household goods sold to the community to benefit those in financial need in the Greater Manchester area and Stockport in particular. There were 82,186 transactions through our showroom.

This has included the following being rehomed:

We have also provided the following additional services :

Recycling achievement – Our programme of supplying low-cost items such as furniture and electrical goods has a consequential environmental benefit. Effectively we have recycled many items which would otherwise have been disposed of by tipping. This undoubtedly provides a benefit to the public good and the impact is ~671 tonnes have been saved from landfill and ~806* tonnes of CO2 emissions saved from the atmosphere.

RENEWAL NORTHWEST

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022

Third Object Achievements - The advancement of the Christian Faith

It is very difficult to quantify achievements in relation to this third object simply because the outcome of believing faith in the Lord Jesus is a work of God, but it is important to note the following:

Daily Christian focus session for volunteers and staff: We have shown numerous videos of Christian songs and delivered many messages to present the truth of the Christian faith in these sessions. The positive response from many of the individuals who have attended bears testimony to the effectiveness of these times toward the advancement of the Christian faith. Certain people have confessed how that learning more about the Christian faith presented in this format, has convinced them of its veracity. During 2022, 247 sessions were held (for each working day), generally lasting 1 hour and on average attended by 20 volunteers/employees; based on average attendance, 4,940 hours were covered. In addition to these formal times, many informal conversations and oneto-one discussions ‘on the job’ have taken place between Christian managers and volunteers during the year.

Distribution of Bibles and Christian literature: Bibles and Christian literature are available free of charge at 61-63 Shaw Heath and these items are taken regularly. Genuine Christian faith can only grow after germination of the ‘living’ Word of God.

Systematic Bible study: Some volunteers have benefited again this year by participating in thematic and consecutive Bible teaching sessions. This teaching was provided under the auspices of our Executive Officer Wesley Downs. Regular local church attendance for these individuals also provided opportunities for knowing more about Christian topics.

Both these openings for learning have borne positive results, witnessed by the changed behaviour and attitude of these former offenders. These changes provide evidence that the Christian faith has advanced in their lives resulting in tangible Public Benefit.

Cafe: Following the opening of our new cafe, 'Refresh' on 1 February 2022, we sold 5,247 hot drinks during the year. As well as meeting a need in the area, the cafe also provides a venue for members of the public to drop in and engage with the message of the Christian gospel through informal conversation.

Social media: We reached 17,744 people through social media, which also gives the opportunity for them to engage with the message of the Christian gospel.

Human resources

Renewal North West’s vision is to transform lives and bring hope through Jesus Christ, so people and their lives are at the forefront of everything we do. We seek to show every individual person who comes through our doors the love of God in real, personal and practical ways.

We believe our work is about relationships and not things and so we endeavour to treat every person the same, with no person deemed more important than any other from the Executive Officer to the newest volunteer. We want to be a place where people feel loved, cared for and respected.

We offer our employees multiple benefits, such as offering them an extra day off on their birthdays, so that they can share that day as they wish.

RENEWAL NORTHWEST

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022

Each employee is also registered for the Employee Assistance Programme through Peninsula, which is a 24hour helpline from Health Assured to support them through any of life’s issues or problems. They can call a free 24-hour confidential helpline or go online to the website to use the vast array of resources on offer.

Alongside this process, they can also have one to one meeting with a designated staff member to talk through any problems they may be experiencing either at work or home. We have a true open-door policy and the employees are encouraged daily to communicate anything that may be negatively affecting them, knowing it will be dealt with in a confidential, non-judgemental way.

We offer training opportunities to all staff members to develop their knowledge and skills and have recently completed ‘First Aid’ and ‘Manual Handling’ qualifications for all our employees, which are qualifications that are nationally recognised. Toolbox talks are also held at least once a week for all staff that will focus on a specific area of health and safety and this again helps each person to stay safe and grow in the knowledge and practical applications of their workplace.

The good work done has enabled us to employ 19 people who originally began life with us at Renewal as volunteers and 2 of these people commenced employment with us during 2022. From long term unemployment, these individuals have been able to break down the barriers to achieving employment. Also, during 2022, individuals have left Renewal for other employment opportunities.

Each month we have a ‘Worker of the Month’ award, voted for by all staff members and the selection process includes both employees and volunteers. We ask for a nomination and a reason, so we can offer positive encouragement to those nominated.

We have had 83 different people receive work experience and skills development, resulting in a positive experience. These volunteers have come to us through local agencies, the Job Centre, Local Community Mental Health team, Churches, Probation and self-referrals.

Volunteers are fundamental to our operation and so they are treated with equal importance in every facet of our work. They are offered a full range of opportunities and leave us having grown in their practical skillsets, but also personally as they always grow in their self-esteem, confidence and positivity. Our biggest problem at times is with regards volunteers wanting to stay for longer than their support workers are willing to allow. This is because they know they are working in a safe environment in which they are appreciated and valued.

Renewal North West hold a volunteer celebration each year, where each volunteer is asked to come in and they receive a small gift as a token of our appreciation, and they are given the recognition they deserve for their hard work.

Volunteers can have a one-to-one meeting with a designated staff member to talk about any issues or problems they may be experiencing. Wherever possible Renewal will help, for example, by either signposting or assisting in keeping their journals up to date or with claims being made.

Some employees/volunteers have been provided with accommodation during the year. Whilst this is not part of the overall ‘programme’, it has supported in providing stable housing for those who may not otherwise be able to afford it, or who may not be a priority for council accommodation.

Impacts

Our impact report for 2022 is appended and details some personal testimonies of those who have benefited from the work of Renewal North West.

RENEWAL NORTHWEST

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022

Financial review

Details of our income, cost of sales, profit and expenses for 2022 is shown in the accompanying accounts.

Comments on Forward Planning

We have maintained the smooth running of Renewal North West’s operation from various sources of income in 2022. We are thankful that an element of success across all areas of the operation, together with the support that has been provided, has enabled us to continue to develop and invest in the organisation.

We have not actively sought nor advertised for donations in 2022, but we really appreciate those gifts which we have received from individuals and churches who have donated so generously. God has supplied all our need and demonstrated His faithfulness throughout the year. He is worthy of all the glory.

Reserves Policy

The policy is to keep sufficient funds to meet the day-to-day ebbs and flows of working capital, our aim being to reflect this in the bank Business Reserve account. These funds are monitored closely on an ongoing basis. The reserve policy covers a period of 3 months' operational costs.

The Charity's total Capital and Reserves at 31 December 2022 stood at £971,221

RENEWAL NORTHWEST

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022

Other Policies

(a) Health and Safety: This policy is designed and enforced to provide and maintain a safe place of work and a safe and healthy working environment for our volunteers and others. It sets out information in the promotion, awareness and understanding of health and safety throughout the workforce. Regular assessments of risks to volunteers and others are required to be made. Specific attention is given to ensuring the safety and absence of health risks in connection with the use, handling and storage of all articles substances and equipment.

Issues covered are fire safety, first aid, electrical equipment protocols, drug/alcohol controls, manual handling and driving. Our smoke free policy is also highlighted within the policy. Renewal Northwest endeavours to take all reasonable precautions to provide and maintain working conditions which are safe, healthy and that comply with all statutory requirements and codes of practice.

(b) Vulnerable Adults: The protection of vulnerable adults from abuse is a priority in all sections of Renewal North West’s operation. Safeguarding and promoting the welfare of vulnerable adults is paramount to our work and is key to our objectives. Adequate training on safeguarding Adults is provided for the staff and all helping volunteers.

DBS disclosures - We are committed to safer recruitment policies and practices for Trustees and volunteers which includes having enhanced DBS disclosures for Trustees and Helping volunteers when indicated.

(c) Equal Opportunities: Renewal North West is an equal opportunity employer and is committed to the policy of treating all its employees and job applicants equally. Our employment policy is to provide fair and fulfilling employment. We train our employees to allow them to develop as best suits their individual needs as well as those of the charity.

During 2022, Renewal adopted a policy of paying the living wage to all employees.

(d) Anti- Harassment: This policy outlines our commitment to provide a work environment in which all employees are treated with respect and dignity and that is free of harassment and bullying based upon age, disability, gender reassignment, race (including colour, nationality and ethnic or national origins), religion or belief, sex and/or sexual orientation. Breaching the terms of this policy could constitute unlawful discrimination and could be treated as gross misconduct under the company’s disciplinary procedure.

(e) Anti-Fraud Policy: This policy highlights the seriousness of fraud and other forms of dishonesty and outlines the measures the company takes to detect and deter it. This policy is reviewed on an annual basis and has within it procedures to be followed for detection and investigation.

(f) Remuneration of helping volunteers: Our policy includes reimbursement of any travel expenses incurred by our volunteers as they travel to work by bus or train. These costs are normally reimbursed on a daily or weekly basis. Lunches are provided freely for all volunteers as required.

(g) Whistle blowing Policy: Renewal North West is committed to protecting individuals who make certain disclosures about any instance of malpractice or wrong doing in the public interest. We believe in a culture of transparency and openness that encourages individuals to voice their concerns without fear of intimidation or recrimination. If any individual does voice concerns, they can expect a satisfactory explanation and their concern will be treated confidentially and rigorously investigated.

(h) Drivers best practice policy: This policy sets out the standards we expect of our van drivers as they carry out their duties of delivery and collection of donated goods.

RENEWAL NORTHWEST

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

Main Residual Risks

No present strategic risks

We expect that there will be new risks added to our strategic risk log when our residential programme scales up during 2023.

Executive Officer Wesley Downs is responsible for the identification and mitigation of day-to-day risks as a result of the activities of Renewal North West.

Temporary accommodation

It was recognised in 2017 that the individuals on the residential programme have increased and complex needs and with this comes a greater risk given that the temporary accommodation is provided in units adjoining our Executive Officer’s own home, which is in a residential area.

It has been recognised that a more suitable arrangement would be required and from 2021 to 2022 the strategy was developed for 'Renewal living'. During 2022 we were able to commence use of the flat accommodation above the cafe and at the end of 2022, we completed on the purchase of a new building to further this work, 26 Buxton Road. Once this facility is fully operational, we will be able to house and care for another 5 individuals on our residential programme, doubling our current capacity. Residents come to us through various channels, but most often this happens through a referral via the prison chaplaincy service.

It is necessary to comment that we always consider our future plans subject to the will of God and are looking for His leading in plans.

Structure, governance and management

The Charity is a company limited by guarantee, registered with Companies House on 24 January 2011 and with the Charity Commission on 14 December 2011. Its Articles of Association are the governing document.

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:

Mr S Davies Mrs S Durrant Mr A P Dutton Mr A S Gordon Mr C R Maffey Mrs A Newall Dr D J Watts

(Resigned 15 May 2023)

Atholl Gordon and Angela Newall both retired and were re-appointed as Trustees on 11 July 2022.

The need for the choice and appointment of new trustees is considered by the existing board on a regular basis and appointments are effective by a resolution of the board. Notice of such meetings and any proposed appointment must be received by all the trustees well in advance. New appointees must also have previously expressed their willingness to act.

A director appointed by a resolution of the other directors must retire at the next annual general meeting following their appointment and may be re-elected. Trustees who have been longest in office since their last appointment must retire by rotation at each annual general meeting but can then also be re-elected.

Prior to their appointment, new trustees are made aware of the importance of the role and the responsibilities attached to it. There follows an induction process which includes an introduction to the history of the Charity and details of its aims and objects with emphasis of the Public Benefit aspect. New trustees are also provided with copies of The Articles of Association of the Charitable Company and its various policies.

RENEWAL NORTHWEST

TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022

None of the Trustees has any beneficial interest in the company. All the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The routine management and administration is carried out by Mr W Downs (Executive Officer) who is responsible to the board of Trustees and reports directly to them.

The board of Trustees meets at least three times annually and at any other time when it becomes necessary to review progress and make decisions as they plan the future development of the Charity. The executive officer is usually present at the meetings of the trustees as he has the added responsibility of implementing their decisions on a day-to-day basis.

In November 2022, the Trustees held their annual ‘Charity Governance Training and Strategy Day’, to support development of capability in their roles. Focus was given to development of the ‘Renewal Living’ aspect of the work.

The Trustees' report was approved by the Board of Trustees.

.............................. Mr A P Dutton Trustee Dated: ......................... 14 September 2023

RENEWAL NORTHWEST

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RENEWAL NORTHWEST

I report to the Trustees on my examination of the financial statements of Renewal NorthWest (the Charity) for the year ended 31 December 2022.

Responsibilities and basis of report

As the Trustees of the Charity (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 (the 2006 Act).

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , 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:

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.

Mr P J Barton FCCA ART Accountants Limited Chartered Certified Accountants

Ground Floor 11 Manvers Street Bath BA1 1JQ

Dated: .........................

RENEWAL NORTHWEST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Income from:
Offerings and donations
received
3
106,303
54,513
Charitable activities
4
114,693
-
Charitable trading sales
5
723,754
-
Investments
6
8
-
Total income
944,758
54,513
Expenditure on:
Raising funds
7
694,530
34,098
Charitable activities
8
78,626
13,481
Total expenditure
773,156
47,579
Net income for the year/
Net movement in funds
171,602
6,934
Fund balances at 1 January
2022
512,902
279,783
Fund balances at 31
December 2022
684,504
286,717		 Total Unrestricted
Restricted
funds
funds
2022
2021
2021
£
£
£
160,816
174,578
70,747
114,693
100,829
-
723,754
455,943
-
8
107
-
999,271
731,457
70,747
728,628
615,683
11,784
92,107
62,722
15,762
820,735
678,405
27,546
178,536
53,052
43,201
792,685
459,850
236,582
971,221
512,902
279,783		 Total
2021
£
245,325
100,829
455,943
107
802,204
627,467
78,484
705,951
96,253
696,432
792,685

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

RENEWAL NORTHWEST

BALANCE SHEET

AS AT 31 DECEMBER 2022

Notes
Fixed assets
Goodwill
13
Tangible assets
14
Current assets
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within
one year
17
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
18
Net assets
Income funds
Restricted funds
20
Unrestricted funds		 2022
£
£
15,000
834,162
27,620
321,327
348,947
(26,888)
322,059
1,171,221
(200,000)
971,221
286,717
684,504
971,221		 2021
£
£
20,000
495,011
23,852
276,186
300,038
(22,364)
277,674
792,685
-
792,685
279,783
512,902
792,685		 2021
£
£
20,000
495,011
23,852
276,186
300,038
(22,364)
277,674
792,685
-
792,685
279,783
512,902
792,685
792,685
-
792,685
279,783
512,902
792,685

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 December 2022.

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.

21 August 2023 The financial statements were approved by the Trustees on .........................

.............................. .............................. Mr A S Gordon Mr C R Maffey Trustee Trustee

Company registration number 7502624

RENEWAL NORTHWEST

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022

2022
Notes
£
£
Cash flows from operating activities
Cash generated from operations
23
201,744
Investing activities
Purchase of tangible fixed assets
(356,611)
Investment income received
8
Net cash used in investing activities
(356,603)
Financing activities
Repayment of borrowings
200,000
Net cash generated from/(used in)
financing activities
200,000
Net increase in cash and cash equivalents
45,141
Cash and cash equivalents at beginning of year
276,186
Cash and cash equivalents at end of year
321,327		 2021
£
(111,685)
107
-		 £
120,506
(111,578)
-
8,928
267,258
276,186

RENEWAL NORTHWEST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Charity information

Renewal NorthWest is a private company limited by guarantee incorporated in England and Wales. The registered office is 61-63 Shaw Heath, Stockport, Cheshire, SK3 8BH.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) 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)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

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.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity 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.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

RENEWAL NORTHWEST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.6 Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill shall be considered to have a finite useful life, and shall be amortised on a systematic basis over a 5 year period.

1.7 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings nil Property improvements nil Fixtures, fittings & equipment 25% Straight line Motor vehicles 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.

1.8 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 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 within borrowings in current liabilities.

1.10 Financial instruments

The Charity 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 Charity's balance sheet when the Charity 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.

RENEWAL NORTHWEST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 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 Charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the Charity’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.

3 Offerings and donations received

Unrestricted
Restricted
funds
funds
2022
2022
£
£
Donations and gifts
106,303
54,513
Government grants
-
-
106,303
54,513		 Total
Unrestricted
Restricted
funds
funds
2022
2021
2021
£
£
£
160,816
105,291
70,747
-
69,287
-
160,816
174,578
70,747		 Total
2021
£
176,038
69,287
245,325

RENEWAL NORTHWEST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

4
Charitable activities
Income from services
Rental income
5
Charitable trading sales
Shop income
Cafe income
Charitable trading sales
6
Investments
Interest receivable		 2022
2021
£
£
88,254
89,167
26,439
11,662
114,693
100,829
Unrestricted
Unrestricted
funds
funds
2022
2021
£
£
701,842
455,943
21,912
-
723,754
455,943
Unrestricted
Unrestricted
funds
funds
2022
2021
£
£
8
107		 2021
£
89,167
11,662
100,829

RENEWAL NORTHWEST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

7 Raising funds

Unrestricted
Restricted
funds
funds
£
£
Trading costs
Operating charity shops
47,532
17
Operating charity cafe
12,849
-
Staff costs
399,734
34,081
Support costs
234,415
-
694,530
34,098
Charitable activities
Charitable expenditure
Rental property costs
Share of support costs (see note 10)
Share of governance costs (see note 10)
Analysis by fund
Unrestricted funds
Restricted funds
For the year ended 31 December 2021
Unrestricted funds
Restricted funds		 Total
2022
£
47,549
12,849
433,815
234,415
728,628
2022
£
13,286
12,657
25,943
64,914
1,250
92,107
78,626
13,481
92,107
62,722
15,762
78,484		 Total
2021
£
26,420
-
395,447
205,600
627,467
2021
£
14,255
5,881
20,136
57,148
1,200
78,484
62,722
15,762
78,484

RENEWAL NORTHWEST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

9 Description of charitable activities

Homeless support

The relief of unemployment for the Public Benefit in the Greater Manchester area in such ways as may be thought fit, including the provision of work experience, skills development and training so as to assist in gaining employment and the provision of food and temporary accommodation for homeless unemployed persons.

10 Support costs

Support costs
Depreciation
Establishment costs
Motor vehicle expenses
Advertising
Training
Communications and IT
Travel
Legal and professional
fees
General office costs
Other costs
Accountancy and
Independent Examination
Analysed between
Trading
Charitable activities		 Support
costs
Governance
costs
£
£
22,460
-
109,079
-
26,200
-
13,472
-
9,953
-
13,596
-
4,314
-
38,490
-
28,122
-
33,643
-
-
1,250
299,329
1,250
234,415
-
64,914
1,250
299,329
1,250		 2022
£
22,460
109,079
26,200
13,472
9,953
13,596
4,314
38,490
28,122
33,643
1,250
300,579
234,415
66,164
300,579		 Support
costs
Governance
costs
£
£
19,786
-
94,351
-
16,610
-
23,080
-
5,248
-
9,120
-
3,121
-
41,509
-
24,462
-
25,461
-
-
1,200
262,748
1,200
205,600
-
57,148
1,200
262,748
1,200		 2021
£
19,786
94,351
16,610
23,080
5,248
9,120
3,121
41,509
24,462
25,461
1,200
263,948
205,600
58,348
263,948

Governance costs includes payments to the independent Examiner of £1,250 (2021- £1,200) for the Independent examination, preparation of accounts and other services.

11 Trustees

None of the Trustees (or any persons connected with them) received any remuneration during the year.

RENEWAL NORTHWEST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

12 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs
Intangible fixed assets
Cost
At 1 January 2022 and 31 December 2022
Amortisation and impairment
At 1 January 2022
Amortisation charged for the year
At 31 December 2022
Carrying amount
At 31 December 2022
At 31 December 2021		 2022
Number
28
2022
£
403,635
22,665
7,515
433,815		 2021
Number
24
2021
£
371,243
17,799
6,405
395,447
Goodwill
£
25,000
5,000
5,000
10,000
15,000
20,000

13 Intangible fixed assets

On 17 December 2020 the charity purchased the Stockport House Clearances business.

RENEWAL NORTHWEST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

14
Tangible fixed assets
Cost
At 1 January 2022
Additions
At 31 December 2022
Depreciation and impairment
At 1 January 2022
Depreciation charged in the year
At 31 December 2022
Carrying amount
At 31 December 2022
At 31 December 2021
15
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
16
Loans and overdrafts
Other loans
Payable after one year
Amounts included above which fall due after
Payable by instalments		 Land and
buildings
Property
improvements
Fixtures,
fittings &
equipment
Motor vehicles
£
£
£
£
184,031
281,313
17,435
40,383
331,537
21,060
4,014
-
515,568
302,373
21,449
40,383
-
-
5,643
22,508
-
-
8,488
8,972
-
-
14,131
31,480
515,568
302,373
7,318
8,903
184,031
281,313
11,792
17,875
2022
£
11,865
15,755
27,620
2022
£
200,000
200,000
five years:
(200,000)		 Total
£
523,162
356,611
879,773
28,151
17,460
45,611
834,162
495,011
2021
£
13,709
10,143
23,852
2021
£
-
-
-

The charity received a loan from Emmaus Bible School in May 2022, the loan has a term of 15 years with repayments to commence on the 6th anniversary of the drawdown. The loan will be interest free.

RENEWAL NORTHWEST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

17
Creditors: amounts falling due within one year
Notes
Deferred income
19
Other creditors
Accruals and deferred income
18
Creditors: amounts falling due after more than one year
Borrowings
19
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:
Deferred income at 1 January 2022
Resources deferred in the year
Deferred income at 31 December 2022		 2022
£
6,667
15,225
4,996
26,888
2022
£
200,000
2022
£
6,667
2022
£
6,667
-
6,667
6,667		 2021
£
-
15,425
6,939
22,364
2021
£
-
2021
£
-
2021
£
-
-
-
-

RENEWAL NORTHWEST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

20 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Outgoing Balance at Incoming Outgoing Balance at
1 January 2021 funds funds
1		 January 2022 funds funds 31 December
2022
£ £ £ £ £ £ £
Accommodation for Homeless 90,677 44,080 (14,257) 120,500 25,280 (15,610) 130,170
Social Media Publicity 900 - (664) 236 - (194) 42
Shaw Heath 118,105 - (485) 117,620 - - 117,620
Cafe Building Project 26,900 10,000 - 36,900 - - 36,900
Community Computers - 15,000 (12,022) 2,978 29,233 (31,758) 453
Computer Lending Library - 1,667 (118) 1,549 - (17) 1,532
236,582 70,747 (27,546) 279,783 54,513 (47,579) 286,717

RENEWAL NORTHWEST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

21
Analysis of net assets between funds
Unrestricted
Fund
Restricted
Fund
Total
Unrestricted
Fund
Restricted
Fund
2022
2022
2022
2021
2021
£
£
£
£
£
Fund balances at 31
December 2022 are
represented by:
Intangible fixed assets
15,000
-
15,000
20,000
-
Tangible assets
549,472
284,690
834,162
219,991
275,020
Current assets/(liabilities)
320,032
2,027
322,059
272,911
4,763
Long term liabilities
(200,000)
-
(200,000)
-
-
684,504
286,717
971,221
512,902
279,783		 Total
2021
£
20,000
495,011
277,674
-
792,685

22 Related party transactions

There were no disclosable related party transactions during the year (2021- none).

Key management personnel received no remuneration during the year and this role was done on an unquantifiable voluntary basis.

23 Cash generated from operations
23 Cash generated from operations 2022 2021
£ £
Surplus for the year 178,536 96,253
Adjustments for:
Investment income recognised in statement of financial activities (8) (107)
Amortisation and impairment of intangible assets 5,000 5,000
Depreciation and impairment of tangible fixed assets 17,460 14,786
Movements in working capital:
(Increase)/decrease in stocks - 1,131
(Increase) in debtors (3,768) (10,096)
(Decrease)/increase in creditors (2,143) 13,539
Increase in deferred income 6,667 -
Cash generated from operations 201,744 120,506
24 Analysis of changes in net funds
At 1 January Cash flows At 31 December
2022 2022
£ £ £
Cash at bank and in hand 276,186 45,141 321,327
Loans falling due after more than one year - (200,000) (200,000)
276,186 (154,859) 121,327