Charity registration number 1145056 Company reglstration number 7502624 (England and Wale$l RENEWAL NORTHWEST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
RENEWAL NORTHWEST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs S Durranl MrA P Dutton MrA S Gordon Mr C R Maffey DrDJWatts Secretary Mr C R Maffey Senlor management Mr W Downs Chief executive officer Charity number 1145056 Company number 7502624 Prinelpal address 61-63 Shaw Haath Slockport Cheshire SK3 8BH Registered officè 61-63 Shaw Heath Sttsckport Cheshire SK3 8BH Auditor Richard50n Swift Audit Ltd Chart818d Accountants SlalutoryAudilor 11 Laura Place Bath United Kingdom BA2 4BL Bankers Sanlander Bank PO Box 10102 21 Prescol Street London E18TN The Co-operative Bank rAc Head Office PO Box 101 1 Balloon Street Manchester M60 4EP Solicitors Knights PLC Two Saint PeleTS Sqijaie an¢hesler M2 3AA
RENEWAL NORTHWEST CONTENTS Page Tru51ees' report Slalemenl of Trustees. responsibilities 12 Independent auditor's report 13-15 Statement of financial adivities 16 B8lan¢e sheet 17-16 Statement of ¢a$h flows 19 Note5 to the financial slaternent5 20-32
RENEWAL NORTHWEST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees Present their annual report and financial statements lor the year ended 31 December 2023. The financial statements have been prepared in ac(x)rdan¢e with the accountsng policies set out in note 1 to the financial statements and comply with the Charity'5 goverfjing do¢ument, the Companies Acl 2006 and "Accounting and Rèporting by Charities.. Statement of Recommended Piactice applicablè to charilies preparing theii 8w)unts in accordanee wrth the Financial Reporting Standard appli¢8ble in the UK and Republic of Ireland (FRS 1021" leffectivts l January 20191. Objectives and activities The Charity has three objedives which are as follows.. (11 The relief of unernploymenl loi the Public Benefrt in the Greater Manchester area in such way5 as may be thought fit. including the provision of work experience, skills development and training 50 as lo assist in gainlng employment and the provision offood and temporary aCmMOdatIOn for homeless unemployed person5. 121 The relief of financial hardship among people living in Ihg Greater Manchester area by providing such persons with items of affordable furniture and other household acce5soiies and support in setting up home, which, through lack of means. they could not otherwise afford. {31 The advaneémènt (rf thè Christian Faith by such charitable rnean5 as the Trustèes from time to time shall delerwnine. The Trustees have paid due reg8rd to guidance issued by Ihe Charity Commission in deciding what a¢livitt8s the Charity should undertake. Activities to further our First Obje¢tlv• The relief of unemployment- During 2023 we have provided a work expefienctr and tralnlng programme (Community Work Programrnel for unèmployed people at our 61-63 Shaw Heath, Stockport facility which consists of several rented large units. Wg have welcomed volunteers to our Programrne from various $our¢es, somè of whom were 'self4eferred'. Once a volunteer has completed the inductKJn proTrss and initial as5essmenl, their work experience is designed to suit each individual's ability and 16quirèments. Many of these people have not been in work for several years prior lo their coming lo us. The work axperience we provide is quite varied and somelirnes involves all departments of our operation or may just foeus on one speciality. The main areas where experience can be gained are; {al Fuinilure display and showroom sales, Ibl Logistic5 (collection and delniery of fumiture and while goods). {c } Computers. (dl 8ric-a-brac sorting and selling of itèms, (el ebay (fj Wasle Management. CleaTanceslRemovals. 191 Electrical Refurbishment Ihl Cafe work Specifie training has been available in discipline5 such as customer handling, refurbishment of computers or ele¢lri¢al appliances and portable appliance lesling cotnpetency. We have provided opportunities for fumilure making and restoration and general office training. Indiwduals can be proirided with training related to online advertlsing of our recycled goods which in turn can lead to opportunities in compijling and handling e-commerce advertising and sales. During 2023, we have been developing a property at 26 Buxion Road 10 5UPPOrt our residential programmg. As a fessjlt there was additional work experience and trainin9 in buildinglfit out works.
RENEWAL NORTHWEST TRUSTEES, REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The provlslon offood and Temporary accommodation- The Provlslon of food- Providing food foi hotHeless unemployed individuals was reassessed al the end of 20181beginning of 2019. As a result, the weekly 'Drop irn, on Sunday afternoons and our 'Street Work Programme, on Sunday evenings, both based in Manchester oty ¢enlre, were suspended. This was due lo an increase in risk linked lo these acliwlies. mainly due lo the spice drug that has had an adveis8 impact on the atmosphere amongst some ol Ihe groups that we were seeking lo reach. During 2020. w8 have comMend an alternative way of providing food because of the hardship facing many families due to the Cowd-19 Pandemic. We were able to provide food hamper5 and gasleleclric vouchers lo support Ih05e on reduced incomes, which included some of our staff who were part ol the Government furtough scheme. This continued during 2021 and 2022, bul this has become less of a priority for the charity and the focus instead has been employment and accommodation. Temporary a¢¢ommodatlon: Temporary 8¢¢ommodalion has been a central part ol the work of Renewal North West for the benefit of homeles5 adults, most of which have had 3 history of alcohol abuse. drug abuse, or are ex-offenders. This has previously been provided al Iwo lo¢ation5 in Stockport.. For the firsl phase of the Programrne, participants were accomrnodaled in separatè basèment fiats on the lower floor of our Executive OffiT'S private residence in Stockport. The second phas8, in th8 Chaiity's house nearby. Providing for this need remains a focus lor Renewal North Wèst, but wè have been conscious of the developing needs of individuals referred lo vs. along with an in¢re85e in risk. During 2021 and 2022. Ihe strategy for this side of the work has been developing and during 2022. we were able to cotntnence use of the flat accommodation above the cafe. At the end of 2022, we completed on the puichase of a new building tts further this work, 28 Buxton Road. Work on this property has progressed during 2023. Once this fa¢llity is fully operational. we will be able lo house and care for another 5 individuals on our residential prograrntne, doubling tsur current capacity. Re5ident5 Eome to us through various channels, bul rnosl often this happen5 through a referral via the prison Chaplaincy sèmee. Thè charity has suspended use of our Executive Officer's private residen for lernporary accornrnodation. as this no longer aligns with the strategy and risk tolerances agreed by the Trustees.
RENEWAL NORTHWEST TRUSTEES, REPORT ICONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEIWBER 2023 Activities to further our Se¢ond Obl¥¢tlve Providing affordable furniture and essential household goods- We have used our rented space at 61*3 Shaw Healh. Slockport lo display low cost large and sm811 essential items of furniture. white goods and smaller electrical appliances along with bric-a-brac and clothing for sale. The rnajority of thè itèms we have had available were used and had been donated but some white goods were brand new. The fact that we have available Iow-c051 item5 for sale is widely known in the area now that we have been operating lor well over len years. Advertisements for Renewal North Wesfs services 81so stress the low-cosl aspect. Consequently, we supply many needy local people, who exist on benefits or low income5. with fviniture and other household accessories to help them in their need. To give an idea of the sp8¢ifi¢ èsséntial needs thèrè follows a list of the types of items that we have supplied al affordable prices in the year". FURNITURE.. Sofas (leather and Fabric}, riser recliner arrnchairs. easy chair5, wing backed Chairs, sideboards, display cabinets, dining tables and chairs, k((chen stools, bookcase5, TV 51ands. colfee tables, conservatory furniture. bedroom fumiture such wardrobes, bedside cabinels, bed bases and headboards. In addition lo this bedroom furnilure we have supplied many reasonably priced mattresses. ELECTRICAL GOODS= Electri¢ eookers, washing machines. fridges, freezers. dishwashers and inlegraled appliances. Smaller itern5'. Microwaves, vawum cleaners. toasters, ketts, irons, TVS. DVD players, music systems elc. Many of the larger items we have delivered for a small additional tharge and even provided free fittlng and installation of the good5 where nece55ary lo assist those in financtal difficulty in setting up horne. CLOTHING.. We have displayed and sold a large seleclion of Men's. ladies and children'5 Items of clothing and a good variety of donated Bric-a-brac items such as ornaments. vases, picture frames, cups saucers and wllery. The availability of all these low-cost items has proved to be a great beneffit to those in financial hardship in the Slockpori area throughout the year.
RENEWAL NORTHWEST TRUSTEES. REPORT (CONTINUED}{INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Actlvltl•s to furthèr our Thlrd Obl¢¢tlv¢ Advancèm•nt of the Christian Faith= Our Faith in Christ forTllS the essential basis and moliwalion for everything we do in pursuit of ovr objectives for the benefit of others. The Lord Jesu5. when quoting the prophet Isaiah made His mission dear. The Spirit ol the Lord is upon rne. because he hath anointed rne to preach the gospel to the poor,. he hath sent me to heal the broken hearted, lo preach deliverance lo the captives, and recovering ol sight lo the blind, to set at liberty them that are bruised, (Luke 4 v 181. We would seek to follow His example in concern and care lor the rnost marginalised. It remains our desire whenever possible to enable others to discovei the In*lh about this unique Person and for them to experience the transfoirning power of a Christ filled lrfé. 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 Chiistians, seeking to Serve God through their roles. Some of these individuals would express a sense ol calling lo the work of Renewal North Wesl. As such, both the leadership of the organisation as a wholè and thè operation of the functions on a day-to-day basis are led with the priority of advanang the Christian faith. Christian focus sesslort for volunteèrs and stsff.. The first hour of each working day al 61-63 Shaw Heath consists of a session lo f¢¢us exclusivety on the message of hope available through Jesus Christ. This daily session is freely available lo all volunteers and staff. The hour 15 usually divided into segments for singing and watching video clips of Christian songs and a segm&nt devoted lo a Bible reading and talk. We have seen that this routine 'seis us up, for each day and is an excellent way lo facilitate the advancement of the Christian faith. Free Christian literature provision: Our fvrniture showroom is used to display literature Con$11ng of Blbles. portions of scripture and Christian leaflels elc. These are available lo any of our bèn6ficiaflèS who want them free of charge. Free literature is sometimes distributed outdoors by individual workers in the Charity. Personal Christian testimony: We also promote the Christian faith in the most effedive way by our 5UPPOrters sharing their experiences of how Jesus Christ has transfomed their own lives. These one-lo-one witnessing opportunities oftèn arise in our day-to-day business as customers browse in our showroorn. Stories of freedom from dwg or drink dependen¢y be¢aLJse of God's p¢)wer in an individual. certainly Serve to advance the Christian faith. Systematic Bible teaching.. Volunteers often benefit from regular systematic teaching sessions which are often presented in video formal followed by opportunity for discussion. These sessions certainly help the partidpants to develop in the Christian faith. Caf•: Adjacent to our fumituta showroom, our cafe.'Rèfrash' is a facility for u5 to meet people from the community and Informally share the tnessage oflhe gospel.
RENEWAL NORTHWEST TRUSTEES, REPORT ICONTINUEDI{INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 DECEMBER 2023 Achievements and perfomiance Achievem•nts in 2023 related to our obj8etlvos First Objeet Achièvèments - The rellef of unemployment Throughout 2023. 89 individuals have been prowded with work experience and skills developmen( to support them back into work. Throughout 2023, 32 individuals have been employed through Renewal NW. Thls has brought ea¢h indiwdual renewed hope and a transformed life. For many, this has meant for Iherr a break in long term benefit dependency thus representing a saving to the Public Purse in benefit paymen15. They had discovered that a fixed routine and meaningful occupation of time helped selfosteem more than time spent unoccupied at home. Residential Programme-. Changes required to the re$idential progrnmmè As referred to in our 2020 report, we had undertsken a risk assessment of the residenlFal progTamrne and in conjunction with planning for the future, identified the following.. The increased ¢omplexity of nèed has led us to deckle that the arrangement of accomrnodalion being provided in self-contained units within our Executive Officer's own home is no longer an appropriate solution for this aspect of the work. A probation officer has indicated that a more Suitable arrangement for the work would be an independent staffed arrangement The Strategy lor the work developed during 2021 aThd 2022 which includes refurbishrnenl ol the flat above the cale to provide temporary accommodation and purchase of a property a new building to further this work, 26 Buxton Road. The Ilat was cornpleled during 2022, as was the purchase of 26 Buxton Road. Work to develop the Buxion Road property has continued during 2023. Second ObJeetAehlèvemènts - The réll•f of financlal hardshlp Ouring 2023 we have sold 165.566 items of low cost. high-quality household goods sold to the community lo benefit those in financial need in the Greater Manchester area and Stockport in particular. There were 55,861 tran5aclion5 through our showroom. This has included the following being rehomed.. 3,602 éle¢trlcal Items 154.979 items of bric-a-brac and clothing 6,168 items from housa clèarances We have also piovided the following addlttonal s•NIcè$- 163 dearances ar¢d remova15 carried out 1,275 deliveries into the community. including low-cost installation services lo help those S1omerS requiring most assistance through lack of means. Recycling achievement - Our programme of supplyin9 low-$1 items such as fvrniture and ele¢trical goods has a consequential environmental benefst. Effectively we have ie¢y¢led many items which would othèrwise have been disp05ed of by lipping. This urjdoubledly provides a benefit lo the public good and the impact 15 -711 tonnes have been saved from landfill and-854' tonnes of C02 emis$ion$ saved from the atmosphere. As part of our Community Computers work, the followin9 has been achieved.. 4.125 devices redistributed for reuse or recycling 13.3 tonnes ol WEEE prevented from landfill 376 devices provided into the community at low-cosl lo help get people online 96 devices provided into under resources homes for free
RENEWAL NORTHWEST TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Thlrd ObjectAchievem&nts - Th¢ advan¢¢m¥nt of th• Chrlstlan Falth 11 is very difficult to quantify achievements in relation lo this third object simply because the outcome of believing faith in the Lord Jesus is a work of God, bul it is important lo note thè following.. Our responsibility is to preach., the Lord Jesu5 said 'Go ye into all the wodd, and preach the gospel, Imark 16 v 151. The activity of making the gospel mess8ge known brfngs glory lo the Lord Jesus and effe¢lively is advancement of Ihe Christian failh. There is alway5 eviden of saving faith in the Lord Jesus. filus 3 v 5 de5¢ribes I18s 'lhe washing of regeneration. literally tnèaning to be born again. It is the acl of God's Holy Spirit whereby new life is impSanled in a person and brings about a radical change beeen what they were before salvation and the life after becoming 8 Christian. Individuals who become Christians would speak ol their salvation.. 'if thou shalt confess with thy mouth the Lord Jesus. and shall believe in thine heart that God hath raised him from the dead, thou shall be saved. (Romans 10 v 91 Daily Christian tocus session for volunteers and staff.. We have shown numerou5 videos of christs.an songs and delivered many messages lo present the trulh of the Christian faith in these Sessions. The positivè rèsponse from many of the individuals who have attènded bears testimony lo the effectivenes5 of these limes toward the advanment of the Christian faith. Certain people have confessed how that learning more about the Christian faith presented in this formal, ha5 conVind them of ils veracity. During 2023, 248 sessions were held Ifor each working dayl, generally lasting 1 hour and on average attended by 20 volunteerslemployees.. based on average attendance, 4,960 hours were covered. In addition lo these fomal limes, many informal conversations and on tri-one discussions'on the job. have taken place beeen Christian tnanagers and volunteers during Ihe year. Distribution of Biblas and Chrlstian literature: Bible5 and Christian lilaraturg are availabla free of charge al 61-63 Shaw Heath and these items are taken Tegularly. Genuine Christian faith can tsnly grow after germination of Ihe'living. Word ol God. Systematic Bible study: Some volunteers have benefited again this year by partidpating in thematic and consecutive Bible leathing sessions. This teaching was provided under the auspices Of our Exècutive Officer Vvesley Oown5. Regulai local church aitendance for these individua15 also prowded opportune$ for knowing more about Chri51ian topics. 80th these openings for learning have borne positive results. witnessed by the changed behaviour and attitude of these former offenders. These changes provide evKlen¢e that the Christian faith has adVand in their lives re$ulling in tangible Public Benefit. 'Refresh' cafe.. We sold 4,226 hot drinks during the year. As well as rne8ting a need in the ai8a. the cafe also provides a venue for members of the public to drop in and engage with the mes$89e of Ihe Christian gospel through informal conversation. Social media: We reached 18.213 people through s(oal media, which also gives the opportunity for them to engage with the message of the Chfislian gospel. Hurnan rèsourees Renewal North Wesys vision is lo translorm lives and bring hope through Jèsu$ Christ, so pèople and their lives are al the forefront ol everything we do. We seek lo show every indiwdual person who comes through our doors Ihe love of God in real. personal and practical ways. We believe our work is about relationships and not things and so we endeavour to tTeal every person the same. with no person deemed more important than any other from the Executive Officer lo the new&5t volLJnteer. We want to be a pla where people feel lovèd, cared for and respected. We offer our employees multiple benefrts, such as offering them an exlra day off on their birthday5. so that they can share that day as they wish.
RENEWAL NORTHWEST TRUSTEES, REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Each employee is also registered for the Etnployès Assistance Programme through Peninsula. which is a 24- hour helpline from Health Assured lo support Ihern through any of life's issues or problems. They can call a tree 24-hour confidential helpline or go online lo the website lo use the vast ari3y of rèsources on offer. Alongside this proces5, they can a150 have one lo one rneeling with 3 desrgnalèd staff m6mber to talk through any problems they may be experiencing either al work or home. We have a true open-door policy and the employees are encouraged daily to commijnicale anything that may be nègatively affècting them. knowing it will be dealt with in a confidential. non-judgemenlal way. We offer training opportunities to all staff mernbeTS lo develop their knowledge and skills and havg r9cently complelèd 'First Aid, and 'Manual Handling, qualifications for all our employees, which are qualilicalions that are nationally recognised. Toolbox talks are also held at least once a week for all 51aff that will focus on a speafic area of health ad safety and this again helps each person lo stay safe and grow in the knowledge and pradical appli110n5 of their woikplacè. The good work done has enabled us to employ 23 people who originally began life with us al Renewal as volunteers and 4 of these people commenced employment with us during 2023. From long term unemployment, these individuals have been able to bleak down the barners to achieving employment. Also. during 2023, 7 individuals have left Renewal for othei $mploymenl opportunities. Each month we have a Workèr of th& M(>nth' award, voted for by all staff members and the selection proces5 indudes both employees and voluntèers. We ask for a nomination and a reason, so we can offer positive encouragement lo those nominated. We have had 89 different people receive work experien, skills development and employment opportunities, Tesulting in 8 P0511ive experience. These volunteers have come to us through local agencies, the Job Centre, Local Community Mental Heath tèam. Churches, Probation and self-referrals. Volunteèrs are fundamental to oui operation and so they are treated with equal importance in every facel of our work They are offered a full range ol opportunities and leave us having grown in their practical skillsels. bul also per50nalty as they always grow in their sell-esteem, confidence and positivity. Our biggest problem al limes is with regards volunteers wanting to stay for longer than their support workers ale willing lo allow. This is becaus8 they know they are working in a safe environment in which they are appreciated and valued. Renew81 North West hold a volunteer eelebration each year, where each volunteer is asked lo come in and they receive a small gift as a token of our appreciation, and they are given the recognib'on they deserve for their hard work. Volunteers can have a one-to-one meeting with a designated staff member lo talk about any issues or problems Ihey may be experiencing. Wherever possible Renewal will help. for example, by either signposting or assisting in keeping Iheirjourna15 up lo dale 01 with claims being m8de. Some employee51volunleer5 have been Pfovided with accommodation during tha year. Whilst this is not part of the overall 'programme', il ha5 SUPPOrted in providing stable housing foi those who may not OtheIse be able to afford it, or who may not be a priority foi council aGcoTnmodalion. Impacts Our impact report ft>r 2023 is appended and details some personal testimonies of those who have benefiled from the work of Renewal North Wesl.
RENEWAL NORTHWEST TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Flnanclal rev5ew Details of our income, cost of sales. profit and expenses for 2023 is shown in the accompanying accounts. Comments on Forward Planning We have maintained the smooth running of Renèwal North Wesf s operation from various sources of inwme in 2023. We are thankful that an element of seSS acioss all areas ol the operation. together with the support that ha5 been Prowded. has enabled us to continue lo develop and invest in the organisation. We have not acliv8ly sought nor advertised lor donations in 2023. bul we really appreciate those gifts which we have receTved from indimduals and churches who have donated so geneiously. God has supplied all our need and demonstrated Hi5 lailhfulness throughout the year. He is worthy of all the glory. Reserves Policy Thè policy is to keep suffKient fvnds to meet the day-to-day ebbs and flows of working capital. our aim being lo reflect this in the bank Business Reserve account. These funds are monitored dosely on an ongoing basis. The re5etve policy covers a period of 3 months. operational costs. The Charity's lolal Capital and Reserves al 31 December 2023 stood at £1.195,456
RENEWAL NORTHWEST TRUSTEES, REPORT {CONTINUED)IINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Other Policies lal Health and Safety: This policy is designed and enforced lo prowde and maintain a safe place of work and a sale and healthy working environment for our volunteers and others. 11 sets out information in the prornolion. awareness and understanding of health and safely throughout the workforce. Regular assessments of risks lo volunteers and others are required to be made. Specific attention is given lo ensuring the safety and absence of health iisks in connection with thè use, handling and storage of all art¢cles substances and equipment. Issues covered are fire safely, first aid, elè¢lrical equipment protocols, druglalcohol controls, manual handling and driving. Our smoke free policy is 8150 highlighted within the policy. Renewal Northwest endeavour5 to take all reasonable precautions to provide and maintain working cLx)dllions which are safe, healthy and that wmply with all statutory requirements and codes ol practice. Ibl Vulnerable Adults: The protedion 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 lo our work and is key to our objectives. Adequate tTaining on safeguarding Adults is provtded for the staff and all helping volunteers. DBS disclosures - We ale ¢ommittgd to safer recruitmanl poli¢ios and practices fr)r Trustees and volunteers which include5 having enhanced DBS di5c105ures for Trustees and Hèlprng volunteers when indicated. Icl Equal Opportunitie5: Renewal North Wesl is an equal opportunity employer and is committed 1¢ the policy of Irealing all 115 employees and job applic3nts equHlly. Our employment policy is to provide fair and fulfilling employment. We train oui employees lo allow them lo develop as best suits Iheii individual needs as w811 as those of the charity. Renewal ha5 a policy of paying the living wage lo all employees. Idl Anti- Harassment: This policy outlines our cornmilment lo prowde a work environment in which all employees are treated with respect and dignity and that 15 free of harassrllenl and bullying based upon age. disability, gender reassignment. race (including colour. nalionalily and ethnic or national origins). religion or belief, sex andlor sexual or¢entation. Breaching the lemis of thi5 policy could conslilule unlavrful discrimination and could be treated as gfOSS misconduct undef Ihe company's disciplinary procedure. lel Antl-Fraud Pollcy: This policy highlights the seriousness ol fraud and other forms of dishonesty and outlines the tNe8sures the wmpany lakes to delect and deter it. This policy is reviewed on an annual basis and has within il piocedures to be followed foi detection and investigation. lfj Remuneration of helping volunteers- Oui policy includes reimbuisement of any travel expenses ineurred by our volunteer5 as they travel lo work by bus or train. These c0515 are normally reitnbursed on a daily or week basis. Lunche5 are provided freely for all volunteers as required. 191 Whlstle blowlng Pollcy: Renewal North West is committed lo protecting individua15 who make certain disdosures 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 Iheif concerns without fear of intimidation or recriminalion.11 any individual does voice concerns, they can expect a salisfaclory explanation and their concern will be trèatèd confidèntially and rigoiously investigated. Ihl Drivers b•st prdctlcè pollcy: This policy sets out the standards wa expect of our van drivers as they carry out their duties of delivery and collection of donated goods.
RENEWAL NORTHWEST TRUSTEES, REPORT ICONTINUED)(INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees have assessed the major risks lo which the Charity is exposed and are satisfied that 5yslern5 are in place to mitigate exposure to the major risks. Main Residual Rlsks No present strategic risks Executive Officer Wesley Down5 is sponSible for the identification and miligalion of day-to4ay risk5 as a result of the aclivitie5 of Renewal North West. Temporary accommodation It was recognised in 2017 that the indiwduals on the residential pro9rarllme have increased and complex needs and with this comes a greater risk given that the temporary accommodation 15 prowded in units adjoining our Executive Officer's own home. which is in a residential 8rea. 11 was recognised that a more suitable arrangèmenl would be required and from 2021 10 2022 the strategy was developed for'Renewal living,. During 2022 we were able lo cornmence use of the flat acwmmodation above the cafe and at the end 012022. we completed on the purchase of a new building to further this work. 26 Buxton Road. Work on the property pmgr&ssed during 2023. Once Ihis facility is fully operational, we wlll be able to house and Cale lor anolher 5 individuals on our re5idenllal programme, doubling our current pa¢1[Y. Residents come to us through various channels. but most often this happens through a referial via the prison thaplaincy service. 11 is necessary lo cotntnenl thatwe always consider our future plan5 subject lo the will of God and are loong for His leading in plans. Structure, gov8rnance and manag•m•nt The Charity is a compaTry limited by guaranlèa. registered with Companies House on 24 January 2011 and wllh the Charity Commission on 14 December 2011. ItsArtides ofAss0ry3tion are the goveinlng document. The Truslegs. who are a150 tha directors for the purpose of company18w, and who served durlng the year and up to the date of signature of the financial stalernenls were.. Mr S Davies {Resigned 3 May 20231 Mrs S Durrant MrAP Dutton MrA S Gordon Mr C R Maffey Mrs A Newoll DrDJWatts (Resigned l March 20241 The need for the choic6 and appointment of new Iruslee5 15 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 pioposed appointment must be received by all the trustaès well in advance. New appointees musl also have preoUSlY expressed their willingne55 to act. A director appointed by a resolulitin ol the other directOT5 must retire al the next annual general meeting following their appointment and may be re-ele¢ted. Trustees who have been longest in office since their la51 appointment must retire by rolalion at each annual gèneral meeting bul can then also be re-elected. Prior lo their appointment, new trustees are made aware of the irnportance of the role and the respon5ibililies attached lo it. There follow5 an induction proce55 which include5 an introduction to the hi510ry of the Charity and details of 115 aims and Obj15 Wlth emphasis of the Public Benerrt 85PèCt. New trustees are also provided with copies of The Articles ofAsso¢iation of the Charitable Company and ils various policies. io-
RENEWAL NORTHWEST TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 DECEMBER 2023 None of the Trustees has any beneficial interest in the company. All the Tru51ees are members of the cornpany and guarantee lo contribute £1 in the event of a winding up. The routine management and adminislratlc>n is carried OLtI by Mr W Downs {ExècutiV8 Officèrl who 1$ responsible lo the board of TtUStee5 and report5 directty lo thern. The board ol Trustees mee15 at 5ea5t three limes annually and al any other lime when it becomes neSSary lo review progress and make decisions as they plan the future development of the Charty. The executive officer 1$ usually present at the meetings of Ihe Irustees as he has Ihe added responsibility of implemenling their decisions on a day-to-day basis. In November 2023. tha Trustees held thèir annual'stratagy Day.. lo support developmanl of tha slralagic planning of the tharty. Audltor In accordance with the cornpany's articles, a resolution proposing that Riehardson SwiftAudil Ltd be reappointed as auditor of the company will be pul al a General Meeting. The TTuslees' report was approved by the Board of Tnjslees. MrA P Dutton Trustee D8led..
RENEWAL NORTHWEST STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees, who arè also the directors of Renewal Northwest for the purpose ol rnPany law. are responsible for preparing the Trustees, Report and the financjal slalements in accordance wth applicable law and United Kingdom Account4ng Standards (United Kingdom Generally ACpted Accounting Piacti¢e}. Company Law qUireS the Trustees lo prepare financial slalemenls for each financial year which give a true and (air view of the slate of affairs of the Charity and of the incorning resources and application of resouices. incjuding the income and expenditure, of the charitable company (or that year. In preparing these financial statemènts, Ihg Trustees are required lo.. selecl suitable accounting policies and then apply them consistenlly.. obsgNe the methods and principles in the Charthes SORP.. make judgements and estimates that are reasonable ar prudent.. slate whether applicablè UK Aeeounling Standards have been followed. subje¢t lo any rnalerial departures disclosed and explained in the finan(aal statements- and prepare the financial slalements on the going concem basis unless it is inappropriate lo presume that Iha Charity will conllnue in operation. The Trustees are responsible for keeping adequate accounting record5 that disdose with reasonablè accuracy al any lime the financial position of the Charity and enable them lo ensure that the finanaal statements cotnply with the Companies Act 2006. They are also responsible for Safeguarding the assets of tha Charity and hence for taking ie8sonable steps for the prevention and detection of fraud and other irregularities. 12
RENEWAL NORTHWEST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF RENEWAL NORTHWEST Opinion We have audited the financial slalemen15 of Renewal Norihwest (the 'Charity'l for the year ended 31 December 2023 which comprise the statement ol financial actiwlies. the balan sheet, the slalernenl of cash flows and notes lo the fin8nei31 statements, including significant accounting policies. ThÉ financial reporting framework that h85 been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Finan¢ial Reporting Standard 102 The Financi21 Reporting Standard appllcablg in th8 UK and Republic of Ireland Iuniled lfjngdorn Genèrally Accepted Accounting Practice). In our opinion, the financial slalemenls". give a Itue and fail vitrw ol the state of the charitable company's affalrs as at 31 Decembar 2023 and ol 115 incoming resources and application of resources. for the year then ended., have been property prepared in accordance with United Kingdom Generally Accepted Accounting Pr8cli¢e". and have been prepared in accordance with the requirements ol the Companies Act 2006. Basls for opinion We conducted our audit in accordance with 1nleinab.onal Standards on Auditing (UK) IISAS IUKII and applicable law. Our re5ponsibiliiies under those standards are further described in the Auditorfs responsibilities for the audit of the financlal slatements section of our report. We are independent ol the Charity in accordance with the ethical requirements that are relevant to our audit of the finallcial 51alements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitie5 in 3c¢ordance with these requirements. We believe that the audit evidenc8 wa havè obtained is suificient and appropriate lo prowda a basis for our opinion. Conclusions relating to going ¢on¢èrn In auditing the financial statements, we have concluded that thè Trustees. use of the going c4)ncern bast5 of accounting in the preparation ol the financial statements 15 appfopriala. Based on the work we have perfomied, we have not identified any material Ltncertainties relating lo events or condition5 that. indwidually or collectively, may cast significant doubt on the Charity's abilily to continue as a going concern for a period of al least e1ve months from when the Iin8n¢i81 slat8ments are authorised for issue. Our re5pon5ibilitie5 and the iesponsibilities of the Trustees with respect lo going concem are described in the relevant sections of Ihls report. Other Infomiation The other information COTnpfises the information included in the annual report other than the finanaal statemen15 and our auditorfs report Ihereon. The Trusteès are responsible for the other infoimalion contained within Ihe annual ieport. Our opinion on the financsal slalemenls does not cover the other information and we do not express any form of assurance conclusion Ihereon. Our responsibility is to read the other information and. in doing so. consider whether thè other information is materially inconsislenl with the financial staternents or our knowledge obtained in the WLJlSe ol the audit, or otherwise appear5 to be matenally mi5slated. 11 we identify such material inconsistencies or apparent material misstatements, we are required lo delermlne whether this gives rise lo a material misslalemenl in the financlal slalements themselves. If. based on the work w8 hav8 performed, we conclude that there is a malerial misstatement of this other infomiation, we are requiied lo report that fact. We have nothing Its rèport in this ragard. Matt&rs on which we are required to rgport by •xc•ptlon We have nothing lo report in respect of the following matters in relation to whlch the Charitiès {Accounls and Rèports) Regulation5 2008 require u5 to ièport to you if, in our opinion.. the information given in the financAal statements 15 inconsislenl in any material respect with the Tru51ee5' report., or suffiant aecounting records have not been kept., or th6 financial statements are not in agreern8nt with the accounting records: OT we have not received all the information and èxplanations we requiie for our audit. 13-
RENEWAL NORTHWEST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF RENEWAL NORTHWEST Responslbilities of Trustees As explained more fully in the statement of Trustèes. rèsponsibilities, the Truslges, who are also the directors of the Charity for the purpose of cotnpany law. are responsible fof the préparation ol the financial slalemenls and foi b8irkg sa115fied that they give a true and fair view, and for such Internal eonlrol as the Trustees determine is necessary lo enable the preparation of financial slalemenls that ale flee from material misslatem8nl. whether due lo fraud or error. In preparing the financial slalements, the Trustee5 are responsible for a5se55ing the Charity's ability to continue as a going concern, disd05ing, as applicable. matters related lo going concern and using the going conrn basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realislic altemative but lo do so. Auditorfs re5pon5ibilitie5 for the audit of the financial statements We have been appointed as auditor under section 144 of thè Charities Act 2011 and report in accordancè with the Act and relevanl règulation5 made or having effect thereunder. Our objectives are lo obtain reasonable as5uran¢e about whether the finanaal slalernenls as a whole are free from mater¢al misstalement, whether due to fraud or error, and to Issue an auditor's report that indudes our opinion. Reasonable assurance is a high level ol assurance but is not a guarantee thal an audit conducted in accordance with ISAS IUKI will always detect a material misslalement when it exists. Misstatements can arise from fraud or error and are considered material il, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent lo which our procedures ale ¢ap8ble of delecllng iiregularilies, Indudlng fraud, is detsiled below. Irregularities. including fraud. are instance5 Ot non-compliance with laws and regulations. We design procedures in line with our responsibilities. oullined above, lo delect material mis51atemenls in respect of irreoularilies. including fraud. The extent lo which are procedures a capable of detecting irregularities, including fraud is detailed below.. Our approach was as follows.. We obtained an undeTslanding of the legal and regulatory framoworks that ar& appli¢able lo the entity by dis¢usslon with key personnel and consideration ol our experience of this and similar 5ectois. We delermined that the most significant laws and regulations which have a direct impact on the foim and conlenl of the finanual slalernenls of the enlily are the Companies Act. Charities Act and UK GAAP, specifically FRS102 and the Charities SORP. We determined that the most signifieant operational laws and regulallons for the entity are those relating to safeguarding, health and safety. food hygiene and retail iegulalions. Based on the results or our risk assessmenl we designed our audit procedures lo identify non-compliance with such laws and regulations idenlified above, with no issues arising. We gained an understating Of the enb"ly's policy and procedures by dls¢ussion with key personnel and substantive audil work. Wa assessed the risk of material misstatement in respect of fraud Ihrough ouf planning processes. and no significant risks werè identified. We considerod thè risk of fraud through managemenl ovèrride and, in response, we incorporated lesling of manual journal entries into our audit approach. Based on Ihe results of our risk assessment we designed our audit wocedures to identify and lo address material misstatements in relation lo fraud. A furiher derIPtIon ol our responsibilities 15 available on the Financial Reporting Council's website al.. https..11 www.frc.org.uklaudilor5respon5ibilllS. This desciiplion forms part of our audil0rf5 report. Other matters The comparative figures are unaudited. 14_
RENEWAL NORTHWEST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF RENEWAL NORTHWEST U$è of our report This report is made solely lo the Company's member5, as a body, in accordance with se¢tion 391 of the Companies A¢1 2014. Our audit work ha5 beèn undertaken so that we might stale to the company's membèis thosè matters we are rèquired lo slate lo Ihern in an auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or a55urne iesponsibility to anyone other than the company and the Company's members as a body. for our audit work, for this report. or for the tspinions we have formed. Catherine Edwards Bsc FCA Isenior Statutory Auditor) For and on behalf of Richardson swift Audit Ltd Chartered Accountants statutory Audltor 11 Laura Place Bath United Kingdom BA2 48L n]• Richardson Swift Audit Ltd 15 eligible for appointment as auditor of the Charity by virtue of its eligibifity for appointment as auditor of a compally under sectlon 1212 of the Companies Act 2006. 15-
RENEWAL NORTHWEST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Rèstricttd funds funds 2023 2023 Total Unrestrictsd Restricted funds funds 2022 2022 Total 2023 2022 Notes Income from: tlonations and legaciès Charilable activities Other trading activities Investments 56,374 145.121 799.217 188 163,124 219,498 145.121 799.217 188 106,303 114,693 723,754 54,513 160,816 114,693 723,754 Totsl income 1,000.900 163.124 1,164.024 944,758 54.513 999.271 Expendiiure on.. Raising funds Charitable activities 801,687 112.478 1.707 23.917 803,394 136.395 694,530 78,626 34,096 13,481 728,628 92.107 Total èxpèndlturè 914.165 25,624 939,789 773,156 47,579 820,73S Net income 86.735 137,500 224,235 171.602 6.934 178,536 Transfers beeen funds 405,580 (405,580) Net movement in funds 11 492,315 1268,0801 224.235 171,602 6,934 178.536 Reconciliation olfunds: Fund balances at 1 January 2023 684,504 286.717 971,221 512,902 279,783 792.685 Fund balances at 31 Dac•mber 2023 1,176,819 18.637 1.195,456 684,504 286,717 971.221 The statement of financial activities indudes all gains and losses recognised in the year. All in¢J)me and expenditure derive from continuing activities. 16
RENEWAL NORTHWEST BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Fixed assets Goodwill Tanghble assets 15 10.000 871,240 15,000 834,162 Current assets Stocks Debtors Cash at bank and in hand 17 18 4,406 40.502 497,846 27.620 321.327 542,754 348.947 Credltots: amounts falling du8 wlthln onè yèar 20 {28,5381 126.8881 Net current assets 514.216 322,059 Total assets less current liabllities 1,395.456 1.171,221 Credltors: amounts falllng due after mora than one yèar 21 {200.000 (200,QOOI Net a$$pts oxeludlng p•n$ion liability 1.195.456 971.221 Net assets 1,195.456 971.221 The funds of the Charity Restricted incorne fund5 Vnreslricted lunds 18.637 1,176,819 286.717 684,504 1,195,456 971.221 The company is enlilled lo the exemption from the audit requirernenl contained in section 477 of the Companies Ad 2006. for the year ended 31 December 2023, although an audit has been carried out under section 144 of the Charities Act 2011. Thè directors acknowledge their responsibilities for complying with thè r8quiiemènts ol thè Companies Act 2006 with rèspect to accounting records and thè prèparation of financial 51alemenls. The members have not required the company lo obtain an audit of ils financial statements under the Tequiremenls of the CompaniesAcl 2006. for the year in question in 8ccordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subjèct to the small companies regime. 17-
RENEWAL NORTHWEST BALANCE SHEET (CONTINUED) AS Af 31 DECEMBER 2023 The financial statements wefe approved by the Trustees on MrAS Gordon Trustee Mr C R Maffey Trustee Company registration number 7502624 (England and Walesl 18-
RENEWAL NORTHWEST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes Cash flows from operating activities Cash generated fiom operations 29 263.224 201.744 Investing activities Purchase of tangible fixed 8ssets Investment income received 186.8931 188 1356,6111 N•t cash used in investing activitie5 {86,7051 1356,6031 Finan¢lng actlvltles Repayment of borrowings 200,000 Net cash (used inllgenerated from financing a¢tivitlg$ 200.(J0 Net it)crease in cash and cash equivalents 176,519 45,141 Cash and cash equivalents at beginning of year 321.327 276,186 Ca$h and cash •qulvalants at end of year 497,846 321,327 19-
RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Charity information Refiewal Northwest is a pr¢vale company lirniled by guarantee Inco(poraled 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 Igoverning documentl. the Companies Ad 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic ol Ireland. I'FRS 102.1 and the Charities SORP "Accounting and Reportin9 by Charities.. Statement of Recornmended Practice applicablè to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. The Charity is a Public 8enefit Entity as defin8d by FRS 102. The finaneial statements are prepared in sterling, which is the functional currency of the Gharily. Monetsry amounts ill these f5nancial statements are rounded to the nearest £. The financial slalements have been piep8red under the historical cost convention. Imodified to indude the revaluaiion of freehold propertie5 and lo include inveslmtrnl propertiès and cèrtain financial instruments al fair valuel. The prinapal accounting policies adopted are sel out below. 1.2 Golng concérn At the time of approving the financial statements, the Trusteès havè a rèasonable expèclalion that the Charity has adequate resources lo continue in operational existence for the foreseeable hjture. Thus the Trustees continue to adopt the going conrn basis of untIng in prgparing the finan¢lal slalements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the TfU51ees in furtherance of their charitable objectives. Restricted funds are subject to Specif conditions by donors or grantors as lo how they may be used. The purposes and uses of the restricted funds are set out in ihe notes lo the financial 51alemenl5. Endowment funds are subjed to sperjfic conditions by donors that the c8Pit81 must be maintained by the Charity. 1A Income Income is recognised when the Charity is legally enlilled lo tt after any performance conditions have been met. the amounts can be measured Teliably. and it Is probable that Income wil be re¢esved. Cash donalions are recognised on receipt. Other donation5 are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of thè amounl. Income lax recoverable in la¢ion to donations received under GiftAid or deeds of covenant Is re¢ognised al the lime of the donation. Legacies are recognised on receipt or otheiSe if the Gharity h88 been notified of an Impendlng distribution, the amount is known. and reIpt is expected. If the amount 15 riot known, th8 legacy is treated as a contingènt asset. 1.5 Expènditur• Expenditure is recognised once there is a legal or con51rvclive obligation lo make a payment lo a third party, il is probable that seltlement will be required and the amount of thè obligation can be measured reliably. -20-
RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Icontinuedl 1.6 Intangible fixed assets - goodwill Goodwill represents the exces5 01 the cost of acquisition of unin¢orporated buslnesses over the fail value of net as5e15 acquired. 1115 initially iecognised a5 an a55el al cost and is subsequently measured al cost less accumulated amortisalion and accumulated impairment Ios5e5. Goodwill Shall be considered lo have a finite useful life, and shall be amortised on a syslernalic basi5 ovef a 5 year period. 1.7 Tangible fixed assets Tangible fixed asset5 are initially measured at cosl and subsequently measured at cost or valuation, nel of depreaalion and any impaimenl losses. Depreciation is recognised so a5 to wiite off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Land and buildings Properly improvements Fixtures, fittings & equlpmenl Motor vehicles 10 /0 Slraighl line 2SQh Slraighl linè 25% Straight line The gain or loss arising on the disposal of an asset is delerrnined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the slalement ol financial activities. 1.8 Impairment of fixed assets At each reporting end date. the Charty remews the carryin9 amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairrnent loss. If any such indication exists, the recoverable atnount of the asset is estimated in order to determine the extent of the mpaimènt loss {if anyl. 1.9 Stocks Stocks are staled al the lower of cost and estimated selling price le5S C0515 lo complete and sell. Cost comprises diTe¢t materials and, where applicable, direct labour ¢05ts and those overheads that have been incurred in bringing the stock5 to their present location and condition. Items held for distribution al no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is (he estsmated selling price le55 all e51imaled costs of completion and costs to bo incLtrred in marketing. selling and distribution. 1.10 Cash and cash èquivalents Cash and cash equivalents include cash in hand, deposits held at call wlh banks, other 5hort-lerm liquid investments with original maturities ol three monlhs or less, and bank overdrafts. Bank overdrafts are shown within borrowings in Current liabilibes. 1.11 Financial Instrumènts The Charity has elected to apply the provisions ol Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, ol FRS 102 to all of its financial instruments. Financial Instruments are recognise(l in the Charity's balance sheet when the Chari(y beMe$ party to the conlraclual piovisions of the in51ruTnenl. Financial assets and liabilities are offset. with the net amounts presented in the financial slateTllenls, when there ts a legally enforceable right lo sel off the recognised amounts and there is an intention lo settle on a nel basis or to realise the asset and settle the liability simultaneously. 21
RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ounting poli¢ie$ Icontinutdl Basi¢ financial assets Basic financial assets. which include debtors and cash and bank balances, are inltially me8sured at Iran53Ction piice induding transaction costs and arè subsèquèntty carried at amortisèd cost usin9 the effective interest rnelhod unless the arrangement ¢ong1ilules a ffn3n¢ing 118nsa¢tion. where the Ir3nsaclion is measured al the present value of the future receipts discounted al a market rale of inlefesl. Financial assets classified as receivable within one ye8r are not amortised. Baslc financlal Ilabillllos Basic financial liabililies. including creditor5 and bank loans are inilialty recognised al transaciion price unle55 Ihe arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a markel rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt in$lrumen15 are $ub5equenlly carrie(l al amortised cost. using the &ffe¢b"vg inlertrst rale method. Trade creditor5 are obligations to pay lor good5 or services that have been acquired in the Ordinary couise of operations from suppliers. Amounts payable are classified as current liabilitie5 if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially al transaction price and subsequently measured al amortised cost using the effective interest meihod. Dereeognition of finaneial liabilities Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. 1.12 Employee benefits The cost of any unused holiday enlillemenl is recogni5ed in the period in which the employee's service5 are received. Temiinalion benefits are recognised irnmedialely as an expense when the Charity is demonstrably committed to lerminale the employment of an employee or lo provide lerminalion benefits. 1.13 Retlrèm•nt benèfits Payments to defined contribulion retirement benefit schemes are charged as an expense as they fall due. Critical a¢¢ounting estimates and judgements In the applicat¢on of ihe Charit$ accounting policjes. the Truslees are required lo make judgements. estimates and assumptions about the carrying amount ol assets and liabilities that a not readily apparent from other sources. The èstimates and assoaated assumptions are based on historfcal experience and other fadors that arè considered lo b8 rel6vanL Actual results may differ from thesè estimatès. The estimates and underlying assumptions are reviewed on an ongoing basi5. Revision5 to accounting eslimales 8re recognised in the period in which the eslirnale is rewsed where the revision affec15 only that period, or in the period of the revision and future periods where the revision affects both current and future periods. -22-
RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Income from donations and legacie$ Unrestricted Restricted funds funds 2023 2023 Total Unre$tri¢t¢d Re$trlet•d funds funds 2022 2022 Total 2023 2022 Donation5 and gifts 56,374 163.124 219.498 106.303 54,513 160,816 Charitable p¢tivitie$ 2023 2022 Income from serve5 Rental income 103.292 41,829 88,254 26,439 145,121 114.693 Incomè from oth•r tradlng actlvltlès Urhrestricted Unrestrietsd funds funds 2023 2022 Shop income Cafe incom& 780,388 18,831 701,842 21,912 Charitable trading sale5 799,217 723,754 Income from investments Unrestrict•d Unr8strlctgd funds funds 2023 2022 Interest receivablè 188 -23-
RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Raising funds Unrestrlcted Restricted fund$ funds Total 2023 Total 2022 Tradin costs Operating charity shops Operating ¢harily cafe Staff costs Support costs 59.Q02 8.803 456.613 277.269 40 59.042 8,803 458,28 277.269 47,549 12,849 433.815 234.415 1.667 801.687 1,707 803,394 728.628 Charitable activities 2023 2022 Charitable expenditure Rental property costs 23,917 28,006 13,286 12.657 51,923 25,943 Share of support SIS (see note 101 Share of govemance cosls18ee notè 101 77,622 6,850 64,914 1.250 136.395 92.107 Analy$is by fund Unrèstricted funds Restricted funds 112.478 23.917 78.626 13,481 136,395 92,107 For the year ended 31 December 2022 Unrestricted funds Re51ri¢ted funds 78,626 13.481 92,107 Description of charitable activities Chari able activities The relief of unemployment for the Public Benefit in the Greater Manchester area in such ways as may be thought fit, including Ihe provision ol work experience, skills development and training so as tr) assist in gainin9 employment and the provision of food and lempotary accommodatqon lor homeless unemployed per50n5. -24-
RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Support costs allocated to activities 2023 2022 Depreciation Establishment costs Motor vèhicle expense Adverttsing Training Communlcalions and IT Travel Legal and professional fees General office costs Other costs Governance cos15 54,815 134,993 26,583 17.819 2.733 10,123 4.676 39.965 24,569 38,615 6,850 22.460 109.079 26,200 13,472 9,953 13,598 4,314 38,490 28,122 33,643 1,250 361.741 300,579 Analysed bely4e¢n: Trading Charitable activities 277,269 84,472 234.415 66.164 361.741 300,579 11 Nèt movement in funds 2023 2022 The nel movement in funds is staled after charglngl{¢redilingl'. Fees payable foi the audit ol the charity's financial slalements Deprèciation ol owned tangible fixed as5els Amorbsalion of intangible assets 5,500 49,815 5,000 17,480 5,000 12 Trustees None of the Trustees lor any persons connected wlh them) received any remuneration during the year. Costs of£1,050 for trustaè training were met by the charity. -25-
RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 13 Employees The average monthly number of ernployees during the year was.. 2023 Numbèr 2022 Number 29 28 Ernploym•nt costs 2023 2022 Wages and salaries Social security costs Other pension costs 427.641 22,805 7.834 403,635 22,665 7.515 458,280 433,815 14 Taxation The d)arty ks èxempt from taxation on its activities because all its income is applied for charitable purpose5. 15 Intangible fixed a>yets Goodwlll Cost Al 1 JanLtary 2023 and 31 December 2023 25,000 Amortisation and impalrnient Al 1 January 2023 Amortisalion charged lor the year 10,000 5,000 At 31 December 2023 15,000 Carrylng amount At 31 December 2023 10.000 Al 31 December 2022 15,000 On 17 December 2020 the charity purchased the Stockport House Clearances business. -26-
RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 16 Tangible fixed assets Land and Prop•rty bulldlng5 Improvomonts Flxtur•5. flttlngs & gulpment klotor vehl¢l05 Total Cost At 1 January 2023 Additions 515.568 302,373 47.362 21,449 14,541 40.383 24,990 879,773 86,893 Al 31 December 2023 515,568 349,735 35,990 65.373 966,666 Depreclatlon and Smpalrment Al 1 January 2023 Depreciaiion charged in tlie year 4,040 34,973 10,091 8,997 31,480 5.845 45,611 49,815 At 31 De¢ernbor 2023 39,013 19,088 37.325 95,426 Carrying amount At 31 Decernber 2023 515,568 310,722 16,902 28.048 871.240 Al 31 December 2022 515.568 298,333 11,358 B,903 834,162 17 Sto¢ks 2023 2022 Raw materials and consumables 4,406 18 Debtors 2023 2022 Amounts lalllng du• wlthln onè yèar. Other deblor5 Prepayments and a(£rued income 20.292 20.210 11.8fj5 15.755 40.502 27,620 -27-
RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 19 Loans and overdralts 2023 2022 Olhei kjans 200,000 200.000 Payable after one year 200,000 200.000 Amoun15 induded above which fall due after five yèars.. Payable by instalments 1187,0371 {200,0001 The charbty received a loan from Emmaus Bible School in May 2022, the loan h85 8 term of 15 year5 with repayments lo commence on the 6th anniversary of the drawdown. The loan will be interest free. 20 Creditors: amounts falling due wrthin one year 2023 2022 Note Defeired income Other creditors Accruals and deferred Income 22 6,667 15,225 4,996 19,643 8.895 28,538 28.888 21 Creditors: amounts falling dye after more than one year 2023 2022 Borrowings 200,000 200.000 .28-
RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 22 0•f•rr•(I Income 2023 2022 Other deferred income 6,667 Deferred income is included in the financial statèments as follows.. 2023 2022 OefeTred income is Included wlthin.. 6.667 Movemen15 in the year Defeiied in¢oma at 1 January 2023 Released from prewous periods Resource5 defeired in the year 6,667 16.6871 6,667 Deferred income al 31 December 2023 6,667 23 Retirèmènt b•nefit schemes 2023 2022 Defined ¢ontributlon $eh•mas Charge lo profil or loss in respect ol defined conlrYI Jution schemes 7,834 7,515 The Charily operate5 a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held 5epar81ely from those ol the Charity in an independently administered fLtnd. -29-
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RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 25 Unrestrlcted funds The unrestricted fund5 of the chlty comprise the unexpended balances of donations and grants which are not Subject lo specific conditions by donois and giantors as to how they may be used. These include designated fund5 which have been sel 85ide tsut of unrestrictèd funds by the trustees for speafic purposes. At 1 January 2023 Incoming resources Resoureès expended Transfers At31 December 2023 Gèneral funds 684.504 1.000,900 1914,IS51 405,580 1,17fj,819 Prevlous yaar: At 1 January 2022 Incoming resources Resources expended Transfers At31 December 2022 General fund5 512.902 944,758 1773,1561 684,504 26 Analysis of net assets betsveen fund$ Unrestricted fund5 2023 Restricted funds 2023 Totsl 2023 At 31 December 2023: Intangible fixed assèts Tangible assets Current asselsllliabililies) Long terni Ilabllltles 10,000 871,240 495,579 1200,0001 10,000 871.240 514.216 12CM),000} 18.637 1,176,819 18,637 1.1.456 Unrestricted funds 2022 Restricted funds 2022 Total 2022 At 31 December 2022: Intangible fixed assets Tangible assets Current assetsl{liabililiesl Long temi liabilities 15,000 549.472 320,032 1200,0001 15.0(MJ 834.162 322,059 {200.0001 284,690 2,027 684,504 286,717 971.221 31
RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 27 Operan918a$0 comtllilmenls Lessee Al the reporung end dale the Charity had outstanding commitments for future minimtjm lease payments under non-cancellable tsperating leases, which fall due as follows.. 2023 2022 thin one year Beeen Iwo and fve year5 41.460 78,898 118.358 28 Related party transa¢tions There were no disclosable related party transactions during the year12022- none). Key management personnel recelved no remuneration during ihe year and this role was done on 8n unquantifiable voluntary basis. 29 Cash g•nèratsd from op•ratlons 2023 2022 Surplus for tha year 224.235 178,536 Adjustments for Investment income reeognised in statement of financial acliwlies Amortisalion and impaimient of intangible assèts Depie¢ialion and impairment of tangible red assets 11881 5,000 49,815 181 5,000 17,460 Movements in working capital.. {In¢reasel in stocks (Increase) in rleblors Increaselldecreasel in creditors {Decreasellincrease in deferred incom& 14,4061 112,8821 8.317 16,6671 {3,7681 P,1431 6,667 Ca$h generated from operations 263.224 201,744 30 Analysis of Changes in net funds At 1 January 2023 Cash Ilows At 31 D•cgrnbor 2023 Cash at bank and in hand 321,327 176,519 497,846 Loans falling due after more than one year 1200,0001 {21X),0001 121,327 176,519 297,846 32-
Renewal Northwest 2023 accounts - OFS Final Audit Report 2024-09-24 Creal8d.' 2024-09-24 We4ey Downs Iwedey renew31.rAjrnl Status.. &grd Transacllon ID.. C8JCH8Cm8AAGHULqJM13fFR10YrTDdCloOLThvkKw "Renewal Northwest 2023 accounts - OFS" History Document created by Wesley Downs Iwesley@renewal-nw.coml 2024-09-24- 4..28..27 PM GMT * Document emalled tr) Andrew Dutton {andrewpauldvtton@gmall.com} for signature 2024-09-24- 4.'28.'32 PM GMT * Document ernailed to Craig Maffey lcraigmaffey@aol.coml lor signature 2024-09-24- 4..28."32 PM GMT Document emailed lo Atholl Stuart Gordon lsluart.gordon850@nllwortd.com} for slgnalure 2024-09-24- 4..28.'22 PM GMT Email viewed by Andrew Dutton landrgwpauldutton@gmail.cornl 2024-09-24- 9.'16.'30 PM GMT èo Document e-signed by Andrew Dutton landrewpauldutton@gmail.coml SvJnature Dale.. 2024-09-24- 9..17..11 PM GMT- Twne Source.. seNer Email viewed by Atholl Stuart Gordon lstuart.gordon850@nttsr1d.eornI 2024-09-24-9..49..23 PM GMT Document e-signed by Atholl Stuart Gordon Istuart.gordon850@ntlworld.com} Signature Dale. 2024-09-24- 9..50..16 PM GMT- TKne SourGe' se[ Email viewed by Craig Maffey 1cr8igmaffey@aol.coml 2024-09-24- 104J2..12 PM GMT bo Document e-signed by Ciaig Maffey {craigmaffey@aol.coml Signature Date.. 2024-09-24- 10..11.'41 PK4 GMT- f1rne sr.. seroer Agreemtrnt ¢omplel8d. 2024-09-24- 10."11..41 PM GMT Adobe Acrobat Sign