Charlty reglstration number 1145056 (England and Wales) Company reglstration number 7502624 RENEWAL NORTHWEST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 RENEWAL NORTHWEST LEGALANDADMINISTRATIVE INFORMATION Tru$teeg Miss S D￿￿3n1 MrA P Dutton MrA S Gordon Mr C R Maffey DrDJWatts Mrmcoe (Appointed 2 De¢ember 20241 Secretary Mr C R Maffey Senlor management MrWDowns Chief executive officer Charity number (England and Wales) 11450 Company number 7502624 Princlpal address 6143 Shaw Heath Stockport Cheshire SK3 8BH Registered office 6143 Shaw Heath Slockport Cheshire SK3 8BH Audltor Rlchardson SwlftAudlt Ltd Chartered Accountants Statutory Auditor 11 Laura Place Bath United Kingdom BA2 4BL Bankers Sanlander Ban PO Box 10102 21 Prescot Street London E18TN The Co-operative Bank plc Head Office POBox101 1 Balloon Street Manchester M604EP Sollcltors Knlghts PLC Two Salnt Peters Square Manchester M2 3AA RENEWAL NORTHWEST CONTENTS Page Trustees. report Statement of Trustees, responsibilities 11 Independent auditorfs report 12-14 Statement of financial aclivities 15 Balance sheet 16 Slalemenl of cash ftows 17 Notes lo the financi?1 stalemenls 18-30 RENEWAL NORTHWEST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report and financial statements for Ihe year ended 31 December 2024. The financial statements have been p￿pared in accordance with the accounting policies set out in nole 1 to the financial stslements and comply with the Charity's goveming document. the Companies Act 2006 and "Accounting and Reportirsg by Charilies.. Statement of Recommended Practice applicable lo charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021" (effective 1 January 2019). Objectives and activities The Charity has Ihree objectives which are as follows.. 111 The relief of unemploymenl for the Public Benefit in the Grealer Manchester are8 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 fvmiture and other household accessories and support in setting up home, which. Ihrouyh lack of means. they could not otherwise afford. 13) The advancement of the Christian Faith by such charitable means as the Trustees from lime to time shall determine. The Trustees have paid due regard lo guidance issued by the Chadty Commission in deciding whal actwilies the Charity should undertake. Activities to further our First Objectlve The relief of unemployment- During 2024 we have provided a work experience and training programme (Community Wofk Programmel for unemployed pèople at our 6143 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 Ihe inductson process and inltsal assessment. their work experience is desigrsed to suit each individual's ability and requirements. Many of Ihese people have not been in work for several year5 prior to Iheir comin9 to us. The work experience we provide is quite varied and 50metlmes involves all departments of our operation or may just focus on one speciality. The main areas where experience can be gained are.. {a) Fumiture display and showroom sales, Ib) Logistics {collection and delivery of fumiture and whlle goods}, Ic ) Compulers. Idl Bric-a-brac sorting and selling of items, (el ebay (f) Waste Management, ClearanceslRemovals, {g} Electrical Refurbishment {h) Cafe work Specific training has been available in disciplines such as customer handling, refurbishment of eomputer5 or eleclrical appliances and portable appliance testing competency. We have provided opportunities for furniture making and restoration and general office Iraining. Individuals can be prowded with training related to online adverlising of our reeycled goods which in turn can lead lo opporlunilies in computing and handling &commerce advertising and sales. During 2024, we have been developing a property al 26 Buxton Road to support our residential programme. As a result there was additional work experience and training in buildinglfit OLtI works. RENEWAL NORTHWEST TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The provision of food and Temporary accommodation- The Provision of food- Providing food for homeless unemployed individuals was reassessed at the end of 20181beginning of 2019. As a result, the weekly 'Drop in, on Sunday afternoons and our 'Slreel Work PTogtamme' on Sunday evenings. bolh based in Manchester city centre. were suspended. This was due lo an increase in rlsk linked lo these activities, mainly due lo 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 PToviding food because of the hardship facing many families due to the Covi&19 Pandemic. We were able lo provide food hampers and gasleleclric vouchers to support those on reduced incomes. which included some of our 51aff who were part of the Govemment furfough scheme. This continued during 2021 and 2022, but this has become less of a priority for the charily and the focus instead has been on employment and accommodation. Temporary accommodation: Temporary accommodation has been a cenlral part of the work of Renewal North West for the benefit of homeles$ adults. most of which have had a history of alcohol abuse, drug abuse, or are ex-offenders. This has previously been provided al two locations in Stockport- For the first phase of the Programme, participants were accommodated In separate basement flats on the lower floor of our Executive Officer's private residence in Slockporl. The seeond phase. in the Charity's house nearby. Providing for this need remains a focus for Renewal North West, but we have been conscious of the developing needs of individuals referred to lls, along with an increase in risk. During 2021 and 2022. the slralegy for this side of the work has been developing and during 2022. we were able lo 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 Buxlon Road. Work on this Pfopety has progressed during 2024. Once this facility is fulty operational, we will be able lo house and care for another 5 individuals on our residential programme, doubling our Current capacity. Residents come to us Ihrough variou5 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 strate9y and risk tolerances agreed by the Truslees. RENEWAL NORTHWEST TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Activities to further our Second Objective Providing affordable furnlture and essential household good$- We have used our rented Spa￿ al 6143 Shaw Heath. Stockport to display low eost large and small essential items of furniture. while goods and smaller electrical appliances along with brI￿a-braC and clothing for sale. The majority of the items we have had available were used and had been donated bul some whlte goods were brand new. The fact that we have available Iow-COSt items for sale is wldely known In the area now Ihat we have been operating for well over len years. Advertisements for Renewal North West's services also stress the Iow-COSt aspecL Consequently, we supply many needy local people. who exist on benefits or low incomes, with fumiture and other household ac￿$SorieS 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 Ihe year: FURNITURE: Sofas (leather and Fabric), iiser recliner armchairs, easy chairs, wing backed chairs, sideboards. dlsplay cabinets. dining tables and chairs, kitchen stoo15, bookcases. TV stands, coffee tables. conseNatory furniture, bedroom fumiture such as wardiobes, 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. freezefs. dishwashers and integrated appliances. Smaller items: Microwaves, vacuum deaners. toasters. kettles. irons. TVS. 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 lo 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 dothing and a good variety of donated Briera-brac items such as ornaments. vases, picture frames. cups. saucers and cutlery. The availability of all these Iow-COSt items has proved to be a great benefit to those in financial hardship in the Stockport area throughoLrt the year. RENEWAL NORTHWEST TRUSTEES. REPORT (CONTINUED}{INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Activities to further our ThSrd Objective Advancement of the Christian Faith: Our Faith in Christ fomis the essential basis and motivation for everything we do In pursuit of our objectives for the benefit of olhers. The Lord Jesus, when quoting the prophel Isaiah made His mission clear.. 'The Spirit of the Lord is upon me. because he hath anointed me to preach the gospel lo the poor., he hath sent me lo heal the broken hearted, lo preach deliverance to the captives. and recovering of sight to the blind. to set al liberty them that are bruised, (Luke 4 v 181. We would seek lo follow His example in concem and care for the most marginalised. It remains our desire whenever possible to enable olhers lo discover the truth about this unique PeTson and for them to experience the transforming power of a Christ filled life. Our activities that help advance Ihe Christian faiih are set out below. Organisational structure and leadership: Our Executive Officer, managers and some key volunteers are all Christians. seeking to serve God through Iheir 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 Ihe operation of the functions on a day-toqjay basis are led wilh the priority of advancing the Christian faith. Christian focus session for volunteers and staff: The first hour of each working day al 6143 Shaw Heath consists of a session to focus exclusivety 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 dips of Christian songs and a segment devoted lo a Bible reading and tslk. We have seen that Ihis routine 'sets us up, for each day and is an excellent way lo 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 Chrislian leaflels eto 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 Chrlstlan testlmony: We also promote the Christiars failh in Ihe 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-t{￿daY business as cuslomers 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 failh. Systematic Bible teaching: Volunteers often benefit from regular systematic teaching sessions which are often presented in video format followed by opportunity for dis¢us5ion. These sessions certainly help the participants to develop in the Christian faith. Cafe: Adjacent to our fumiture showroom, our ¢afe.'Refresh' is a facility for us to meet people from Ihe communty and informalty share Ihe message ofthe gospel. RENEWAL NORTHWEST TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and performance Achleyements In 2024 related to our objective5 First Objg¢tA¢hievements-The reliet of unemployment Throughout 2024, 22 individuals have been provided with work experience and skills developmenl to support them back into work. Throughout 2024, 11 indivlduals have been employed through Renewal NW. This has brought each individual renewed hope and a transformed lrfe. For many, this has meant for Ihem a break in long lemi benefit dependency thus representing a saving to the Public Purse in benefit payments. They had discovered Ihat a fixed routine and meaningful occupatlon of time helped self-esleem mofe than time spent unoccupied at home. Residential Programme: Changes required to the resldentlal programme As referred to In our 2020 report. we had undet1aken a risk assessment of the residential programme and in ¢onjunetion wlth planning for the future. identified the following- The increased complexity of need has led us to decide that the arrangement of accommodation being provided in self-conlained 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 slaffed arrangement The Strategy for the work developed during 2021 and 2022 which includes refurblshment of the flat above the cafe to provide temporary accommodation and purchase of a propety a new building to further this work, 26 Buxton Road. The flat was completed during 2022. as was the purchase of 26 Buxton Road. Work to develop the Buxion Road property has continued during 2024. Second Object Aehlevements - The rellef of flnanclal hardshlp During 2024 we have sold 183.405 items of low cost. hig1￿qualitY household 9oods sold to the communty to benefil those in financial need in the Greateo Manchester area and Stockport in particular. There were 60,020 transactions through our Showroom. This has included the following being rehomed= 4,104 eledrical items 167,379 items of bric-a-bfac and dothing 19,847 items from house clearances We have also provided the following addltional ser¥lces'. 284 Clearances and removals carried out 1.133 deliveries into the community, Indudlng Iow-COSt Installatlon services to help those customers requiring most assistance through lack of means. Recycling achievement - Our programme of supplying Iow-COSt items such as furniture and electrical good5 has a consequential ertvironrnental benefit. Effectively we have recycled many items which would otherwise have been disposed of by lipping. This undoubtedly provides a benefit to the public good and the impact is -761 tonnes have been saved from landfill and -914. tonnes of C02 emissions saved from the atmosphere. As part of our Communty ComputeTS work. the following has been achieved.. 6,456 devices redistsibuled for reuse or recycling 17.7 tonnes of WEEE prevented from landfill 764 devices provided into the community at low Net assets 1,351.344 1.195.456 The funds ofthe Charity Reslricled income funds Unrestrictèd funds 129.280 1,222.064 18.637 1.176.819 23 1.351.344 1,195.456 The company is entitled to the exemption from the audit requirement Contained in section 477 of the Companles Act 2006, for the year ended 31 December 2024, although an audit has been caffièd out under seclion 144 of the Charities Act 2011. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 wlth respect to accounting records and the preparation of financial statements. The members have not ￿qUired Ihe company to obtain an audit of it5 financial statemersls under the ￿qUIreMentS of Ihe Companies A¢t 2006. for the year in question in accordance wilh Section 476. These financlal ststements have been prepared in accordance with the provisions applieable to companies subject lo the small companies regime. The financial statements were approved by the Trustees on .. ..... Atho>I5tiRfftGordfftlSep 8. 2025 20..00..00 GMT+ll MrA S Gordon Trustee ..Craig.Mal££y.ISep.9, 2Q25 10'.25:03 GMT+ii Mr C R Maffey Trustee Company registration number 7502624 {England and Wales) 16- RENEWAL NORTHWEST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flovts from operatlng actlvltles Cash generated from operations 28 225.981 263.224 Investing activities Purehase of tangible fixed assets Proeeeds from dispos81 of tangible fixed assets Investment income received 110,652) {86,893) 2,000 3.831 188 Net cash usgd in invgsting activities 14.8211 186.705} Net cash generated from financlng actlvltles Net increase in cash and cash equivalents 221.160 176.519 Cash and cash equivalents at beginning of year 497,846 321,327 Cash and cash equivalents at end ofyear 719.006 497,846 17- RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Ac¢ountlng policies Charity inforniation Renewal Northwest is a private company limited by guarantee incorporated in England and Wales. The registered office is 6143 Shaw Heath, Stockport, Cheshire. SK3 8BH. 1.1 Accountlng convention The financial statements have been prepared in accordance wilh the Charity's governing document, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP 'Accounling and Reporting by Charities-. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" The Charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepaTed in slerfing. which is the fvnclional currency of the Charity. Monetary amounts in these financial statements are rounded lo the nearest £. The financial statements have been preparèd under the historical c05t convention. Imodified to indude the revalualion of freehold properties and to indude inveslment properties and certain financial instruments at fair valuel. The principal accounting policies adopted are sel 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 contlnue to adopt the going concem basis of accounling in preparing the financial statements. 1.3 Charitable funds Unrestricted fiJnd5 are available for use al the discretion of the Twstees in furtherance of their charitable objectives. Restricted funds are subject to specific condilions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in Ihe notes to the financial stalefflents. Endowment fund5 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 15 legally entitled to il after any performancè conditions have been met. the amounts can be measureij reliably, and il is probable that incorne will be received. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the ¢Jonalion. unless performance conditions require deferral of the amount. Income tax recoverable in relatio￿ to donations received under GiftAid or deeds of covenant is recognised al the lime of the donation. Legacies are recognised on receipt or otherwise rf the Charity has been notified of an impending distribution. the amount is known. and receipt 15 expected. If the amount is not known, the legacy is treated as a ¢ontingenl asseL 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligalion to make a payrnenl to a third party, il is probable that seiilemenl will be required and the amount of the obligation can be measured reliably. 18- RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Icontlnuedl 1.6 Intangible flxed assets - goodwlll Goodwill represents the excess of Ihe cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initialty recognised as an asset al cost and is subsequently measured al cost lèss accumulated amortisation and accumulated impairment losses. Goodwill shall be considered lo have a finlte useful life. and shall be amortised on a systematic basis over a 5 year pertod. 1.7 Tangible fixed as$et$ 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 wrtle off the cost or valuation of assets le5S their residual values over their useful lives on the following bases.. Land and buildings Property improvements Fixtures. fittings & equipment Motor vehicles 2Yo Straight line 1 OQ/o Straight line 25./¢ Slraighl line 250A Straight line The gain or loss arising on the disposal of an asset Is determined as the difference betsveen the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial activities. 1.8 lrnpairment of fixed assets Al each reporting ènd date. the Charity reviews the carrying amounts of its langible and intangible assets to determine whether there is any indication that those assets have Suffered an impairmenl loss. If any such indication exists. Ihe recoverable amounl of the asset is e51imated in order to determine the extent of the impaimient loss Irf any). 1.9 stocks Stocks are slated al the lower of cost and estlmaled selling prlce less costs to complete and sell. Cost comprises direct maleTia15 and. where applicable. direel labour costs and those overheads that have been incurred in bringing the stocks to Iheir present localion and condition. Items held for distribution al no or nominal consideration are measured the lower of replacement cost and cosL Net realisable value is the estimated selling price less all estimated costs of completion and cosls to be incuired in marketing. selling and dislribution. 1.10 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks. Qther short-lerm liquld investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.11 Flnanelal Instruments The Charity has elected to appty the provisions of Section 11 'Basic Financial Instruments. and Section 12 'other Financial Instruments Issues, of FRS 102 to all of ils financial instruments. Financial instruments are recogni5ed in the Charity's balance Sheet when the Charity becomes paty to the conlraclual provisions of the inslrumenl. Financial as5els and liabilities are offset, with the net amount5 presented in the financial stalemenls. when there is a legally enforceable right to Set off the re¢ognised amounts and there is an intenlion to settle on a net basis or lo realise the asset and settle the liability simultaneou51y. 19- RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policigs {Continuedl Basic financial assets Basic financial assets. which indude debtors and cash and bank balances, are initially measured al transaction price induding transaction costs and are subsequently carried at amortised cost using the effective interest method unless the aTrangemenl constitutes a financing transaction, where the transaction is measured al the present value of the future receipts diseounted at a markel rale of interest. Financial assets classified as receivable within one year are not amortised. Baslc financial liabilities Basic financial liabilities. induding creditors and bank loans are initially recognised al transaction price unless the arrangemenl conslilutes a financing transaction. where the debt instrument is measured al Ihe present value of the future payments discounted at a market rate of interest. Financial liabilities dassified as payable within one year are not amortised. Debt instruments are subsequently carried al amortised cost, using the effective interest rale 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 dassified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade ereditors are recognised initially al transaction price and subsequently measured al 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. 1.12 Employee beneflts The cost of any unused holiday enlillement is recognised in the period in which the employee's seryices are received. Terminalion benefits are recognised immediately as an expense when the Charity is demonstrabty committed to terminate the employment of an employee or to provide termination benefits. 1.13 Retirement benefits Payments to defined contribution retirement benefit s¢hemes are charged as an expense as Ihey fall due. Crltlcal accountlng estlmats$ and ludgements In the application of the Chaflty's accounting policies, the Trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readity apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual re5uIt5 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 eslimate is revised where the revision affect5 only that period, or in the period of the revision and future periods where the revision affects bolh current and future periods. -20- RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donations and legacies Unrestrlcted Restrlcted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Totsl 2024 2023 Donations and gifts 69,347 136.045 205,392 56,374 163,124 219,498 In¢ome from other trading actlvitles Unrestricted Unrestricted funds funds 2024 2023 Shop income Other income 1,008,592 33,250 780.386 18,831 Charitable trading sales 1.041.842 799.217 Charitable activities 2024 2023 Income from seNices Rental income 111,296 42,051 103.292 41.829 153.347 145,121 Income from investments Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Interest receivable 3,831 3,831 188 188 21 RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Raising funds Unrestricted Restricted funds funds Total 2024 Total 2023 radin Operating charity shops Operating Gharity cafe Staff costs Support costs 99,130 14,654 619,966 353,723 7.625 106.755 14,654 624,199 353,723 59,042 8,803 458.280 277.269 4.233 1,087.473 11,858 1.099,331 803.394 Charitable activities 2024 2023 Charitable expenditure Rental propety costs 17,376 27,322 23.917 28.006 44.698 51,923 Share of support Costs (see note 111 Share of govemance costs {see note 11) 96,045 8.450 77,622 6,850 149,193 136.395 Analysis by fund Unrestricted funds Restricted funds 131.818 17,375 112,478 23,917 149,193 136.395 For the year ended 31 Decembgr 2023 Unreslrieted funds Restricled funds 112,478 23,917 138.395 Description of charitable activitie5 Charitable activi The relief of unemployment for the Public Benefit in the Greater Manchester area in such ways as may be thought fil. including the provision of work experience. skills development and training so as to assist in gaining employment and the provision of food and temporary accommodalion for homeless unemployed persons. -22- RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Net movement in funds 2024 2023 The net movement in funds is staled after chargingl(crediling)'. Fees payable for the audit ol the charity's financial stalemenls Depreciation of owned tangible fixed assets Profit on disposal of tangible fixed assets Amortisation of intangible assets 5,700 54,191 {41 5,000 5,500 49,815 5,000 11 Support costs allocated to activltles 2024 2023 Depreciation Establishment costs Motor vehicle expense5 Advertising Training Communication and IT Travel Legal and professional fees General office costs Other costs Governance costs 59.187 145.860 31,909 33,678 13.474 14.299 5.699 51.770 33.129 60,763 8,450 54.815 134.993 26.583 17,819 2.733 10.123 4,676 39.965 24.569 38.615 6,850 458.218 361,741 Analysed between: Trading Charitable aclNilies 353,723 104,495 277.269 84,472 458.218 361.741 12 Trustees None of the Trustees (or any persons connected with them} recelved any remuneratlon durlng the year. Cost5 of £nil {2023 - £1.050) for Iru51ee training were mel by the charity. -23- RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Employees The average monthly number of employees during the year wa5.. 2024 Number 2023 Number 29 Employment costs 2024 2023 Wages and salariès Social security costs Other pension costs 577,150 36,360 10.689 427,641 22.805 7.834 624.199 458,280 14 Taxatlon The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 15 Intanglble fixed assets Goodwlll Cost At 1 January 2024 and 31 December 2024 25.000 Amortisation and impairment At 1 January 2024 Amortlsalion charged for the year 15,000 5,000 At 310e¢ember 2024 20.000 Carrying amount At 31 December 2024 5.000 At 31 December 2023 10.000 On 17 December 2020 the charity purchased the Stockport House Clearances business. -24- RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Tangible fixed assets Land and Property bu41dlng$ Impro¥èm&nts Flxtur•$. flttlng$ & equlpmenl Motor hlcles Total Cost At 1 January 2024 Additions Disposals 515,568 349,735 2,379 35.990 3.278 65.373 4.995 {2,9951 966,666 10,652 {2,9951 At 31 December 2024 515,568 352,114 39,268 67.373 974.323 Depreciation and irnpairment Al 1 January 2024 Depreciation charged in tho year Eliminated irs respect of disposals 39,013 35,211 19.088 9.341 37.325 9.639 19991 95.426 54,191 {9991 At 31 December 2024 74.224 28,429 45,965 148,618 Carrying amount At 31 December 2024 515.568 277.890 10.839 21,408 825.705 Al 31 December 2023 515,568 310,722 16.902 28.048 871.240 17 Stocks 2024 2023 Raw materials and consumables 6.716 4.406 18 Debtors 2024 2023 Amounts falling due within one year: Tra¢Je debtors Other debtors Prepayments and accrued income 105 19.043 14,839 20.292 20,210 33.987 40.502 -25- RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Loans and overdrafts 2024 2023 Other loans 200,000 200.000 Payable after one year 200.000 200,000 Amounts included above which fall due after five years: Payable by instalments (164,815) 1187,0371 The charity received a loan from Emmaus Bible School in May 2022. the loan has a tem of 15 years with repayments to commence on the 6th anniversary of the drawdown. The loan will be interest free. 20 Creditors: amounts falling due withln one year 2024 2023 Other taxation and social security Other C￿ditOrS Accruals and deferred income 8,706 18.231 12.133 6.970 12,673 8,895 39.070 28.538 21 Credltors: amounts falllng due after more than one year 2024 2023 Borrowings 200.000 200.000 22 Retlrement benefit sehemes 2024 2023 Defined contrlbutlon schemes Charge to prorrt or10ss in respeel of defined contribution schemes 10.689 7.834 The Charity operates a defined ￿ntributIon pension scheme for all qualifying employees. The assets of the scherne are held separately from those of the Charity in an independenuy administered fund. -26- RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 23 Unrestricted fund$ The unrestricted fiJnd5 of the charity comprise the unexpended balances of donation5 and grants which are not subject 10 Specific conditions by donor$ and grantors as lo how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 January 2024 Incomlng resources Resources expended Transfers At31 December 2024 General funds 1.176,819 1.264,536 {1,219,2911 1,222,064 Previous year: At 1 January 2023 Incomlng resources Resources expended Transfers At31 December 2023 General funds 684,504 1,000,900 {914,1651 405,580 1,176,819 -27- RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 24 ReSt￿ttted fur￿$ The ￿str￿ted fvnds ofthe charity comprise Ihe unexpended balance5 oldonatlDns and grants held on InJst subject to speufK Cond￿On$ by donor5 a$ trj how they may ba use Movement In funds Incornkng Outiolng Tr&tssfer I￿ndS fundsbBtttETrlundg1 2024 Movement In lurtds In¢•mlng Ouigolng è4l&ne• at lunds 31 December 2024 B41ine•*t l JaThuary 2023 Accornmodation lor Homdess Social Media PutrA￿ty Shaw Heath Cafe Building Project Community Comwter5 Computer Lending Liinry 130.170 42 117,620 36.900 453 1,532 137,212 116.3221 1251.0601 129.626 113.9421 1421 115.684 42 1117.6201 136,9001 25.912 19,2821 1401 17,103 1.492 10,250 115.2091 1401 12,144 1.452 286.717 163.124 (25.6241 1405,5eoi 18.627 139,876 129.2331 129,280 On comrJÈbon cfcapital prolects Ihe CO￿SpondIng hjnds ore m¢w8d to unrestri¢ted ￿SerVeS 26. RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 25 Analysis of net assets between funds Unrestrlcted funds 2024 Restrlcted funds 2024 Total 2024 At 31 December 2024: Intangible fixed assets Tangible assets Current assetsl{liabililie5) Long term liabilities 5.000 825.705 591.359 {200,0001 5,000 B25,705 720.639 {200.0001 129.280 1,222,064 129,280 1,351,344 Unrestrlcted funds 2023 Re$tri¢ted funds 2023 Total 2023 At 31 December 2023: Intangible fixed assets Tangible assets Current asselsllliabililies) Long temi liabilities 10.000 871,240 495,579 1200,0001 10,000 871.240 514.216 1200,0001 18,637 1,176.819 18.637 1.195.456 26 Operatlng lease commltments Lessee Al the reporting end date the Charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows- 2024 2023 Within one year Be￿een and five years 40.898 36.000 41,460 76,898 76.898 118.358 27 Related party tran$actions Within trade creditors Is £1.059 owed to a member of key management personnel. This is in relation to reimbursement of charity expenditure. -29- RENEWAL NORTHWEST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 28 Cash generated from operations 2024 2023 Surplus for the year 155,888 224.235 Adjustments for: Investment income recognised in slalement of financial activities Gain on disposal of tangible fixed a5set5 Amortisalion and impairment of intanglble assets Depreciation and impaimient of tangible fixed assets 13,831) 141 5,000 54,191 (188) 5.000 49,815 Movements in working capltal: (Increase) in 5to¢ks Decreasel(increasel in debtors Increase in erèditors {Decreasel in defeffed income 12.310) 6.515 10.532 {4,406) (12,8821 8,317 {6.667) Cash generated from operations 225,981 263.224 29 Analysls of changes in net funds At 1 January 2024 Cash flow5 At 31 Decembor 2024 Cash at bank and in hand 497,846 221.160 719.006 Loans falling due after more than one year 1200,000) 1200,0001 297.846 221.160 519.008 -30- Renewal Northwest 2024 accounts - OFS updated Final Audit Report 202&09-09 Created: 202MW6 By: We4ey Down$ {wesloy@renewal-nw.coml status.. Stgned Transaction ID= CBJCHBCMBMklaoHF_K1qfpA02HdeLgy&pRU9Wicgb "Renewal Northwest 2024 accounts - OFS updated" History Document created by Wesley Downs (wesley@renewal-nw.com) 202&0Wfj- 10..45:40 AM GMT + Document emailed to stuart.gordon850@ntlwodd.com for signature 202￿￿6- 10:45..44 AM GMT Document emailed to craigmaffey@aol.com for signature 202&0906- 10.'45:45 AM GMT + Document emailed to andrewpauldutton@gmail.com for signature 202￿￿06- 10:45:45 AM GMT Email viewed by andrewpauldutton@gmail.com 202&0&08- 7:36:05 AM GMT Signer andrewpauldutton@gmail.com entered name at signing as Andrew Dutton 2Q2￿￿8-7.'39.'10 AM GMT Document e-signed by Andrew Dutton (andrewpauldutton@gmail.com) Slgnaiure Date: 202M908- 7:39:12 AM GMT- TIM9 Source: serv Email viewed by stuart.gordon850@ntlworfd.com 202￿￿8- 6.'58.'10 PM GMT Signer stuart.gordon850@ntlworld.com entered name at signing as Atholl Stuart Gordon 202&0￿08- 6'.59.'58 PM GMT Document e-signed by Atholl Stuart Gordon (stuart.gordon850@nttworld.com) Signabjre Date.. 202￿0￿8- 7:00:00 PM GhAT- Time Source: server Adobe Acrobat Sign Email viewed by craigmaffey@aol.com 202&0W9- 9.'16..48 AM GMT & Signer craigmaffey@aol.com entered name at signing as Craig Maffey 202￿￿09- 9:25.'01 AM GMT Document &signed by Craig Maffey (craigmaffey@aol.com) Signaiu¥e Date: 2025-09-09- 9.'25.'03 AM GMT- f1me Source: server Agreement completed. 202&0￿09- 9..25:03 GMT Adobe Acrobat Sign