Company No. 10754427
Charity No. 1174882
Church Revitalisation Trust
(A Charitable Company Limited By Guarantee)
Trustees. Report and
Financial Statements
For the year ended 31 December 2022

Church Revitalisation Trust
Financlal statements forthe year ended 31 December 2022
Contents
Page
Trustees, annual report
Independent auditor's report
9-12
Statement of f inancial activities
13
Balance sheet
14
Statement of cashflows
15
Notes to the financial statements
16-26

CHURCH REVITALISATION TRUST
Trustees, Annual Report for the year ending 31 December 2022
Reference and administrative information
The registered name of Charity is The Church Revitalisation Trust ICRTI.
Company number.. 10754427
Charity Registration Number: 1174882
Principal and Registered Office.. Holy Trinity Brompton, Brompton Road, London, SW7 IJA.
Trustees..
Adebimpe Nkontchou IAppointed 4 May 20221
Ademola Adebajo (Treasurer)
Angus Winther
Reverend Archie Coates
Harry Lawson Johnston
Jeremy Herrmann
Nichola Pease
Reverend Naomi Maxwell (Appolnted 7 March 20221
Sir Paul Marshall
Toby Baxendale
Tricia Neill (Resigned 6 June 20221
Reverend Nicky Gumbel (Resigned 31 August 20221
Company Secretary.. Mr Jon Shippen
Bankers.. National Westminster B3nk PLC, 18 Cromwell Place, London, SW7 2LB
Auditor.. Moore Kingston Smith LLP, 9 Appold Street. London, EC2A 2AP
Objectives and actlvities
The Church Revitalis3tion Trust was incorporated on 4 May 2017 in orderto further the church planting
activity undertaken by Holy Trinity Brompton IHTBI.
The charity's objectives, as laid out in its governlnE document, are the advancement of the Christian
religion through the establishment, renewal and revitalisation of churches within the Anglican
communion, and any such other churchlesl or denominationlsl approved by special re501ution of the
Members, and the maintenance of the services and activities therein. The charity's objects were
amended by special resolution on 18 Aug 2020 to include the relief of hardship and distress of
individuals who, by reason of their youth, age, infirmity or disablement, financial hardship or social
and economic circumstances are in need and require support in such ways as are exclusively
charitable, including but not exclusively by providing grants, counselling and support services, facilities
and education.
CRT aims to fulfil its vision for church revitalisation primarily by recruiting and training leaders and
planting Resource Churches in cities and towns across the country, and supporting the ongoing
planting of churches from those already established, as well as providing ongoing training and support
for those churche5 and their leaders. The aim is that Resource Churches can help resource and
facilitate further planting within their diocese, particularly into areas of social deprivation, and thereby
help transform the communities and cities which they serve.
CRT aims to address the problems of hardship and distress through its social action initlative called
Love Your Neighbour. Love Your Neighbour draws on its extensive network of churches.

CHURCH REVITALISATION TRUST
Trustees, Annual Report forthe year ending 31 December 2022
philanthroplsts and charitable contacts to bring together churches, charitie5 and organisations with a
common purpose in providing support to the most vulnerable in their communities through the
provision of service5 including those of crisis response (including food provisionl, debt advice,
employment support and wrap around care.
Achievements and Performance
CRT'S principal achievements in 2022 were a5 foSlows'.
l. A total of 24 new church plants within the HTB Network were supported by CRT. Resourte
Churches were planted in Torbay, Leatherhead and Basingstoke.
2. A total of 11 planting curates were recruited and are currently undergoing training at HTB or
at London Network churches.
3. The Accelerator Programme, a one-year training programme for planting curates, was run for
a cohort of 241eaders and their teams which included a new 'Estates Plantin¢ stream for
planting into housing estates and areas of high deprivation.
4. 22 'Peter Stream, candidates, representing educational, social and ethnic diversity for future
ordained leaders, were recruited and are enrolled on a one-year training and support
programme in partnership with St Mellitus College with a view to this leading to selection for
ordination within the Church of England.
5. A new pilot discernment and leadership training initiative was launched with a cohort of 12 in
partnership with the Church of God of Prophecy and St Mellitus College.
6. A new initiative for the recruitment and training of potential ordination candidates from an
older demographic with a particular focus on rural parish min15try, the 'Caleb Stream,, in
partnership with St Mellitus College, entered its second year with a cohort of 27.
7. A number of retreats and training events were run for leaders and teams from across the HTB
Network.
8. Love Your Neighbour, which was established as a rapid response to the COVID-1g pandemic
in 2020, has developed and evolved into a wider social transformation Inltiative which draws
together hundreds of churches and charitable organisations in the provision of crisis support.
debt advice, employment support and wrap-around care, serving the most vulnerable in their
ommunities.
9. In 2022 Love Your Neighbour launched its pilot Hub Accelerator programme to advance the
social transformation mission, strategy and operation5 of 16 church-based Hubs, delivered
over a 100-hour, 7-month programme, gaining acces5 to knowledge and experience from
guest speakers and churches of varying backgrounds located across the UK.
10. In April, Love Your Neighbour launched 'Love Ukraine, in order to support Ukrainians looking
to come to the UK through the Government's Homes for Ukraine scheme by matching them
with Christian families, supporting visa applications, and logistically and f inancially helping
Ukrainiarns get to the UK. Additionally, matching-funded grants were deployed to support
Hubs, wrap-around care for Ukrainians, including community meals, English classes,
employment support and emergency arrival integration support.
11. Love Christmas 2022 saw over 1,000 churches and orEani5ations across the UK reach 240,000
people with bags of kindness. Churches held over 547 packing and delivery sessions and
reported a 43% increase in the number of volunteers and a 29% increase in local partnership
compared to 2021.

CHURCH REVITALISATION TRUST
Trustees, Annual Report for the year ending 31 December 2022
Plans for future periods
CR T's principal plans for 2023 are as follows-
I. To support a number of new church plants 120+1 planned for 2023 from within the HTB
Network across the country, many going into areas of high deprivation.
2. A further 10 planting curates to be recruited and to undergo training.
3. The Accelerator Programme will be run with a new cohort of planting leaders including the
new 'Estates Plantinl stream as well as a number of other new streams for staff team roles
lyouth workers, operation5 managers, worship leadersl.
4. In partnership with St Paul's Theological Centre we aim to recruit and sponsor between 50-80
new 'Peter Stream, and 'Caleb Stream, candidates who will embark on a year of ordination
discernment and theological and life skills training.
5. A new 2-day in-person learning community I"Transform'l will be run twice a year for the
leaders of HTB Network churches and their core team, with a number of leading practitioners
and facilitators from around the world contributing.
6. Grants will be awarded to HT8 Network churches to support strategic growth, building
redevelopment and social action projects, as well as seed capital grants for new plants.
7. Focus, the annual lonE weekend away for the HTB Network congregations, will take place in
July with an expected 9,000 attendees, now fully managed and administered by CRT.
8. Build on the success of Love Your Neighbour as it further transition5 from an urgent response
to critical needs I'hand out'l to an established and more sustained and holistic offering I'hand
up, and 'hand on'l.
9. Love Your Neighbour to further develop its'Hub Acceleratorf social action training programme
with a new cohort of 10 Hub thurches, as well as further develop churches. social
transformation, local partnerships, volunteer mobilisation, and interconnectedness, and to
expand its annual Love Christmas 'Bags of Kindness, campaign.
10. Love Your Neighbour will continue Love Ukraine, originally an emergency response to the war
in Ukraine, specifically supporting Ukrainians looking to come to the UK through the Homes
for Ukraine scheme as well as equipping churches to provide ongoing wrap-around care to
Ukrainians upon arrival and for as long as needed.
Financial Review
Following a number of successful grant and funding applications, as well as Focus ticket sales, CRT
generated income of £11.2m compared to £4.4m in 2021. Included in the 2022 Income figure is £l.Im
pertaining to Focus ticket sales, as a result of Focus being fully managed and administered by CRT in
2022.
Total expenditure for 2022 came to £7.8m12021.. £5.7ml, resulting in a surplus for the year of £3.4m
12021 deficit.. £1.3ml. The 2022 surplus consists of £3.2m restricted funds to be Spent in 2023, leaving
a surplus on general funds of £0.2m. As a result CRT ended the year with a closing balance on
unrestricted funds of £1.9m12021.. £1.7ml.
Policy on reserves
The policy of the charity is not to build up excess reserves, and wherever possible to expend income
received during the course of each financial year on its purposes. However, in order to ensure that the
charity is able to manage its operational cashflow needs, the trustees aim to hold working capital
sufficient to cover at least three months, committed costs.

CHURCH REVITALISATION TRUST
Trustees, Annual Report for the year ending 31 December 2022
The reserves target based on the approved 2023 budget is therefore £1.8m. Free reserves at 31
December 2022 were £1.9m 12021.. £1.7ml, which slightly exceeds the target. The trustees are
comfortable with reserves at this level. Flexibility wlll be maintained over the level of reserves required
to enable the charity to respond to the risks it is facing at any particular time.
Fundraising
The trustees are committed to maintaining the highest legal and ethical standards in the way the
charity undertakes its fundraising activities. All fundraising takes place in-house, and the charity does
not use any professional fundraisers or commercial participators. CRT is committed to abiding by the
Code of Fundraising Practice and to the Fundraising Promise.
CRT takes precautions to ensure the protection of the public, including vulnerable persons, from
unreasonably intrusive or persistent fundraising approaches and undue pressure to donate. Our
fundraising team take seriously any expression of dissatisfaction we receive regarding our fundraising
practice and aim to resolve any complaints as quickly as possible. Our policy is to escalate the issue
internally to the Chief Executive Officer. If the complaint cannot be resolved, it will be further escalated
to the chair of our board of trustees, who will nominate an independent member of the board of
trustee5 to consider the merits of the complaint and any resulting actions. If necessaryi we will contact
the Charity Commission for advice and guidance. No complaints of this nature relating to fundraising
were received in 2022.
CRT has responded to the General Data Protection Regulation IGDPRI, introduced May 2018, and
continues to monitor the use of data carefully, particularly concerning donor data for fundraising
purpose5. Our Privacy Policy tovers how we use donor data, and gives donors the option to opt out of
any contact or make a formal complaint. We carefully monltor the relationships we have with donors
and seek to maintain a consistent means of stewardship b35ed on the guidance of the Code of
Fundraising Practice and the Fundraising Promise.
Structure• governance and management
Church Revitalisation Trust is a charitable company limited by guarantee and not having a share
capital. It was registered as a company on 4 May 2017 and with the Charity Commission on 28
September 2017.
Procedures for the recruitment and appointment of trustees are laid out in the memorandum and
articles of association. Trustees nominate new or replacement trustees with approval by the members.
The trustees are also directors for the purpose of Company Law.
New trustees are provided with guidance notes explaining their role and responsibilities as trustees of
the charity. All new trustees are fully briefed on the activitie5 and vision of CRT, and they pursue the
independent interests of the charity notwithstandlng their separate responsibilities in other
organisations.
Weekly management team and general staff meetings deal wlth the day to day issues arising. An
executive committee meets as and when needed to deal with wider strategy, finance and staff
appointment issues arising between board meetings. The board meet 3 minimum of three times a
year.
Remuneration Policy, Principles and Governance
We place great value on our highly talented, dedicated and passionate staff team, without whom we
could not deliver against our vision, mission and goals. Our remuneration policy is aimed at ensuring
that pay is competitive within our sector, rewards staff fairly and enables the staff team to feel valued.

CHURCH REVITALISATION TRUST
Trustees, Annual Report forthe year ending 31 December 2022
Our principle is to reward staff, irrespective of seniority, informed by the following..
Fairness,. wlthout discrlmination and with an intention of cross-entity parity
Differentiation,. to reflect a combination of what is achieved and the way in which it is achieved
Compliance,. to all HMRC and Charity Commission requirements
Affordability,. with good stewardship
In line with at least the London Living Wage for London-based staff and the Real Living Wage
for UK regionally-based staff
The HTB Group entities IHTB, Alpha International IAII, the Church Revitalisation Trust ICRTI and St
Paul's Theological Centre ISPTCI operate in close co-operation and within a shared operating model,
including a common approach to pay and benefits for all staff employed within the group entities.
The HTB Group Remuneration Committee I"Group RemCo"l is a joint sub-committee of the HTB PCC
and the CRT and SPTC boards, and includes representatives from each. Alpha International ha5 Its own
Global Remuneration Committee (Global Remcol. In order to maintain a unif led approach, Group and
Global Remco interface through the HTB Group COO who sits on both committees.
Authority has been delegated by each of the entity boards to the relevant Group and Global Remco,
to oversee remuneration on behalf of each board whilst acting withln the group remuneration
framework.
Relationships and Related Parties
Details of related parties are given in note 14 of the financial statements.
Trustees, Responsibilities
Company law requires the trustees to prepare accounts for each financial year which give a true and
fair view of the state of the charit¢s affair5 and of the surplus or deficit for that year. In preparing
these financial statements the trustees are required to..
select suitable accounting policies and then apply them conslstently,.
comply with applicable accounting standard5, including FRS 102, subject to any material
departures disclosed and explained in the financial statements,.
state whether a Statement of Recommended Practice150RPI applies and has been followed,
Subject to any material departures which are explained in the financial statements
make judgements and estimates that are reasonable and prudent,.
prepare the financial statements on a going concern basis unless it is inappropriate to presume
that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records whith disclose, with reasonable
accuracy at any time, the financial position of the company and enable them to ensure that the
accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets
of the charity and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
Each of the trustees at the date of approval of this report confirms that..
So far as the trustees are aware, there is no relevant audit information of which the charity's
auditors are unaware,. and
The trustees have taken all the steps that they ought to have taken as trustees to make
themselves aware of any relevant audit information and to establish that the charitqs
auditors are aware of that information.

CHURCH REVITALISATION TRUST
Trustees, Annual Report for the year ending 31 December 2022
The trustees are committed to malntaining the highest legal and ethical standards in the way the
charity undertakes its fundraising activities. CRT is committed to abiding by the Code of Fundraising
Practice and to the Fundraising Promise. CRT has appointed external consultants to provide staff
training, advise the charity on fundrai5inE matters relating to data protection and to help promote
best practice within the charity.
Public Benefit
The trustees are aware of the Charity Commission's guidance on public benefit in Yhe advancement
of religion for the Public Benefit" and 'Public benefit: running 3 charity IPB21," and have had regard to
it in their administration of the charity.
The trustees believe that CRT provides a benefit to the public by:
Providing trained leadership and facilitating physical space for the administration of public
worship, pastoral care and Spiritual development, both for existing church members and for
anyone who wishes to benefit from what the church offers,.
Promoting Christian values, and service by members of the church in and to their commLJnities.
to the benefit of individuals and Society as a whole- and
Promoting the establishment and running of social action programmes, to the benefit of those
in need and on the margins of society,. including but not limited to the homeless, the
unemployed, and those struggling with povertyi debt or addiction.
Risk Management
The trustees have conducted a review of the major risks to which the charity 15 exposed. A risk register
has been established and is updated at least annually. Where appropriate, systems and procedures
have been established to mitigate the ri5k5 that the charity faces. Procedures are in place to ensure
compliance with health and safety of staff, volunteers and visitors. The schedule of major risks and
mitigations identified by the board is set out on pages 7 and 8.
This report was approved by the board on the 24, April 2023 and signed on its behalf by
The Reverend R.M. Coates, Chair of the board of trustees

CHURCH REVITALISATION TRUST
Trustees, Annual Report forthe year ending 31 December 2022
Major Risks and Uncertainties
Potential Risk
Loss of confidence bv
stakeholders due to the
behaviour of senior leadership
or staff rnember5.
Reputation of CRT is damaged
by actions of church plants or
their leaders.
Safeguarding incident arises in
a church plant or HT8 Network
church related to CRT.
Harm comes to visitors or staff
due to laek of appropriate and
compliant Health & Safety
procedures.
Mitigation
Organisational values are clearly defined and regularly cornrnunitated.
Prayer and worship are central to life at CRT.
Oversight and governance structures are in place for senior leaders and
staff.
CRT seeks to maintain c105e relation5hlps with church plant leaders and
to provide ongoing training and support to them.
Church plants fall under the authority of their respective diocese, each
of which has robust safeguarding policies and officers in place in line
with official Church of En
land safe
uardin
olicy.
Internal and external H&S advisors monitor and report on risk areas
identified.
Regular H&S reporting takes place at senior management and Board
meetings.
Staff training in key H&S procedures is ongoin8.
Future of the organisation
jeopardised due to lack of
adequate succession plannin8
for key senior roles.
Succe55ion planning Is under contSnual review for key senior roles in the
organisation.
Recent smooth and successful transition to 3 new Vicar tsf HTB.
CRT maintains a close working relationship with HT8, whlch has a large
staff team.
Board meetings and structures are compliant with Charity Comrnission
requirement5.
Care is taken to ensure that each group entity has a suitable number of
independent trustees.
Conflicts of interest are handled appropriately, approved by the BoaTd,
and fully disclosed in the Annual Accounts.
Poor decislon-making and
breach of Tegulatory
requirements due to weak or
non-compliant governance
structures.
Inability to operate In the event
of a disaster due to lack of
adequate business continuity
planning. Business continuitv
compromised or critical data
lost through cyber-attack.
Cyber security risks continue to
increase rapidly wlth changes In
technology, creating risk of
data security breaches,
irnpacting our ability to operate
and potential 5i8nificant
financial loss.
Lack of sufficient income
and/or inadequate cashflow
results in an inability to meet
salary and creditor payment5.
Significant investment has been made In upgrading digltal and
technology systems, including moves to largely cloud-based 5yStem5
which has increased resilience. We demonstrated durin8 the pandemi
our ability to respond flexibly and quickly in a crisis to organisational
needs.
Continuous revlew of risks, education of staff and on8oin8 investrnent in
technology 501utions whi¢h Counter thls risk.
CRT operates a financial policy framework which includes escalatirig anv
potential future cash flow deflcits to the board as well as a reserves,
policy which has been exceeded in this financial year.
Cash flow and income projections are reviewed rnonthly and reported
to) senior staff and to the board.

CHURCH REVITALISATION TRUST
Trustees, Annual Report forthe year ending 31 December 2022
Potentlal Rlsk
Safeguarding, H&5 and other
reputational ri5k5 arising
through Focus event.
Risk ol unforeseen event5 le.8.
adverse weather or disease)
resulting in the need to cancel
Focu5 leaving CRT with the
liability for substantial cost5.
Mitigation
The CRT team work closely with the HT8 team to ensure that
appropriate robust and compliant systems are in place to rnanage these
iisk5 and keep all those coming to Focus safe.
CRT'S reserves partially mitigate the financial risk.
Costs are carefully controlled and Incurred as close to the event as
possible to manage the risk.
Event cancellation insurance has been investigated but Is often subject
to exclusions which can restrict available cover considerably.
io.
ii.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE CHURCH REvrrALISATION
TRUST
Opinion
We have audited the financi81 st8lemenls of The Church Revitslisation Trust I'the company'l for the
year ended 31 December 2022 which comprise the Slalemenl of Financial Activities, the Balance
Sheet. the Cash Flow Slalemenl and notes to the financial slatemenls, including a summary of
significant accounting policies. The finanaal reporting framework that has been applied in their
preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The
Financial Reporting Standard Applicable in the UK and Ireland, (United Kingdom Generally Accepted
Accounting Practice).
In our opinion the financial statements-
give a true and fair view of the stale of the charitable company's affairs as at 31 December
2022 and of its incoming resources and application of resour￿$, including ils income and
expenditure, for the period then ended.,
have been propedy prepared in accordance with United Kingdom Generally Accepted
Accounting Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordan￿ with International Standards on Auditing IUK} IISASIUKII and
applicable law. Our responsibilities under those standards are further described in the Auditor's
Responsibilities for the audit of financial statements section of our report. We are independent of the
charitable company in accordance with the elhi¢al requirements that are relevant lo our audit of the
financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other
ethical responsibililies in accordance with these requirements. We believe that the audit evidence we
have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to going concern
In auditing the financial statements. we have concluded that the trustees, use of the going concern
basis of ac¢ounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that. individually or collectively, may cast significant doubl on the charitable
company's ability lo continue as a going concern for a period of al least twelve months from when the
financial statements are 8Uthorised for issue.
Our responsibilities and the responsibilbties of the trustees with respect to going concern are
described in the relevant sections of this report.
Other Information
The other information comprises the information included in the annual report. other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information.
Our opinion on the financial statements does not cover the other information and. except lo th8 extent
otherwise explicitly slated in our report, we do not express any form of assurance condusion Ihereon.
In connection with our audit of the financial statements, our responsibility is lo read the other
information and, in doing so, consider whether the other information is materially inconsislenl with the
financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether there is 8 material misstslement in the financial statements or a
material misslalement of the other information. If. based on the work we have perfomied, we

conclude that there is 8 materi81 misstatement of this other information. we are required to report that
fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the trustees, annual report for the financial period for which the
financial statements are prepared is consistent with the financial slatemenls., and
the trustees, annual report has been prepared in accordance with applicable legal
requirements.
Matters on whlch we are requlred to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the
course of the audit. we have not identified material misslalemenls in the trustees, annual report.
We have nothing lo report in respect of the following matters where th8 Companies Act 2006 requires
us to report lo you if. in our opinion:
adequate accounting records have not been kept, or retums adequate for our audit have not
been received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and retums.. or
certain disclosures of tru3lees' remuneration specified by law are not made., or
we have not received all the information and explanations we require for otjr audit; or
the trustees were not entitled to lake advantage of the small companies exemption from
preparing a Strategic Report.
Responslblllties of trustees
As explained more fully in the trustees, responsibilities statement sel out on page 5. the trustees (who
are also the directors of the charitable company for the purposes of company lawl are responsible for
the preparation of the financial statements and for being satisfied that they give a true and fair view.
and for suth internal control as the trustees determine is necessary to enable the preparation of
financial slalemenls that are free from material misslalement, whether due lo fraud or error.
In preparing th8 financial statements, the trustees are responsible for assessing the charitable
company's ability to continue as a going concern, disclosing, as applicable, mallers related to going
concem and using the going concern basis of accounting unless the trustees either intend lo liquidate
the charitsble company or lo ￿ase operations, or have no realistic alternative but lo do so.
Auditor's responslbllltleg for the audlt of the financial ststements
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole
are free from materi81 misstalemenl, whether due lo fraud or error, and to issue an auditor's report
that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee
that an audrf( conducted in accordance with ISAS IUKI will always detect a material misslalement
when it exists. Misslalements can arise from fraud or error and are considered material if, individually
or in aggregate, they could reasonably be expected to influence the economic decisions of users
taken on the basis of these financial statements.
As part of an audit in accordance with ISAS IUKI we exercise professional judgement and maintain
professional scepticism throughout the audit. We also..
Identify and assess the risks of material misslatemenl of the financial slatemenls, whether
due to fraud or error, design and perform audit procedures responsive to those risks, and
io

obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The
risk of not detecting a material misslatemenl resulting from fraud is higher than for one
resulting from error, as fraud may involve collusion, forgery, intentional omissions.
misrepresentations, or the override of internal control.
Obtain an understanding of inlernal control relevant lo the audi( in order lo design audit
prO￿dureS that are appropriate in the circumstances, but not for the purposes of expressing
an opinion on the effectiveness of the charitable company's internal control.
Evaluate the appropriateness of accounting poliaes used 8nd the reasonableness of
accounting estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the Iruslees, use of the going concern basis of
accounting and, based on the audit evidence obtained. whether a material uncertainty exists
related lo events or conditions that may cast significant doubl on the charitable company's
ability to continue as a going Con￿￿. If we conclude that 8 material uncertainly exists, we
are required to draw attention in our auditor's report lo the related disclosures in the fi'nancial
slalemenls or, if such disclosures are inadequate, lo modify our opinion. Our conclusions are
based on the audit evidence obtained up lo the dale of our auditols report. However, future
events or ¢ondilions may cause the charitable company to cease to continue as a going
concern.
Evaluate the overall presentation. structure and content of the financial statements, including
the disclosures, and whether the financial slalements represent the underlying transactions
and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters. the planned
scope and liming of the audit and significant audit findings, induding any significant defl¢iencies in
internal control that we identify during our audit.
Explanation as to what extent tho audit was consldergd capable of detecting irregularltles.
ncluding fraud
Irregularities. Induding fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect malefial misstalemenls in
respect of irregularities, including fraud. The exlenl to which our Pro￿dureS are capable of detecting
irregularities. including fraud is detailed below.
The objectives of our audit in respect of fraud, are.. to identify and assess the risks of material
misstatement of the financial slalements due to fraud,. to obtain sufficient appropriate audit evidence
regarding the assessed risks of material misslalemenl due to fraud, through designing and
implementing appropriate responses lo those assessed risks,. and lo respond appropriately lo
instances of fraud or suspected fraud identified during the audit. However, the primary responsibility
for the prevention and deted'on of fraud rests with both management and those charged with
govemance ol the charitsble company.
Our approach was es follows..
We obtsined an understanding of the legal and regulatory requirements applicable lo the
¢harilable company and considered that the most significant are the Companies Act 2006, the
Charities Act 2011, the Charity SORP. and UK financial reporting standards as issued by the
Financial Reporting Council.
We obtained an understanding of how the charitable company complies with these
requirements by discussions with management and those charged with governance.
We assessed the risk of material misslalement of the financial statements, including the risk
of material misstatement due lo fraud and how it might occur. by holding discussions with
man8gemenl and those charged with goveinance.
li

We inquired of management and those charged with governance as to any known instances
of non-compliance or suspected non-compliance with laws and regulations.
Based on this understanding. we designed specific appropriate audrt procedures to idelllify
instances of non-compliance with laws and regulations. This included making enquiries of
management and those charged with govemance and obtaining add(cional corroborative
evidence as required.
There are inherent limitations in the audit procedures described above. We are less likely to become
aware of instances of non-compliance with laws and regulations that are not closely related to events
and transactions reflected in the financial statements. Also, the risk of not detecting a material
misslalemenl due to fraud is higher than the risk of not detecting one resulting from error, as fraud
may involve deliberate concealment by, for example. forgery or iiitentional misrepresentations, or
through collusion.
Usg of this report
This report is made solely to the charitable company's members. as a body, in accordance with
Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we
might stste to the company's members those matters we are required lo stale lo them in an audilorfs
report and for no other purpose. To the fullest exlenl permitted by law, we do not a¢￿pt or assume
responsibility lo any party other than the charitable Company and charitable company's members as a
body, for our audit Work, for this report, or for the opinions we have formed.
K, LCP
James Cross (Senior Statutory Auditor)
for and on behalf of Moore Kingston Smith LLP. Statutory Auditor
9 Appold Street
London
EC2A 2AP
Date.. 22 May 2023
12

Church Revitalisation Trust
Statement of Financial Activities
For the y8ar8nded 31 December 2022
Unr¢$tri¢ted
funds
2022
Restrlcted
funds
Total
fund$
2022
Total
funds
2021
2022
Not•
INCOME
Donatlon$ and legacles
Donatson5 and grants
Booking fees & other ir￿￿ne
g93,599
1.105,845
9,082.635
10,076.234
1,105.645
4,393.604
3,852
2,099,244
9,082.635
11,181,879
4,397.456
EXPENDITURE
Exp¢nditure on ralslng funds
Costs of raising funds
64,094
152.971
217.065
145.754
Exp8ndlture on rharitable actlvltlè$
Clergy training and p￿paratiOn
Gffjn15 and mission giviTrg lexcluding Love
Ywr Neighbour grants)
Other ministry and operdlional Costs
17.796
1,681,304
1,699,1(K>
1.381,993
160,797
1,429,388
1,590,1
4n,331
1.659,867
864,813
2,524,680
930,976
Love Your N84ghbwr grants and suprmxt
1,792,282
1,792,282
2.739,696
rotsl oxpenditure
1.902.554
5.920.758
7.823.312
5.655.750
Net incomellexpendlturel
196.690
3.161.877
3.358.567
1.258,294
Fund8 brought forward
1,736.281
641.681
2,377.962
3.636.256
Funds carrfed forward at 31 De¢emb8r
1,932.971
3,803.558
5,736.529
2.377.962
Al atnounts are derived from continuing a¢tivi118S.
The notes on pages 16 10 26 form part ofthes& financial slalements.
AJI re(*Jgnised gains and losses a￿ Includ￿ In thè Statern￿t of finanoal aclivili8$. The slalem8ntof fin8￿cial aclivi118s also ¢omplie8
wth the requlrement foran inwme and expenditure account under the Companies Act 2006.
13

Church Revitalisation Trust
Balance Sheet
As at 31 December 2022
Note
2022
2021
FIXED ASSETS
Tanglble flxed assets
6,497
2,006
CURRENT ASSETS
Debtors
552,444
955.607
Cash at bank and in hand
5.742,856
2,366,792
Total current assets
6,295,300
3,322,399
LIABILITIES
Amounts falllng due wlthin one year
10
1565,2681
1946,4431
NET CURRENT ASSETS
5,730,032
2.375,956
NET ASSETS
5,736,529
2,377,962
FUNDS
Unrestrlcted
1,932,971
1,736.281
Restrlcted
11,12
3,803,558
641,681
5,736,529
2,377,962
Approved by the Board on 24th Aprll 2023 and slgned on Its behalf by:
The Rev'd R.M. Coales
Chair of the board of trustees
The notes on pages 16 to 26 form part of these finanaal ststements.
Company no-
Charity no..
10754427
1174882
14

Church Revitslisation Trust
Statement of cashflow
For the year ended 31 Decembor 2022
Note
2022
2021
Not cash Inflow I loulflowl from operations (see note below)
3,383,478
1991,9731
Cash flows from investing activities
Tangible fixed asststs purchased
17.4141
12,4291
Net Increase In cash & cash equivalents
3,376,064
1994,402)
Cash balance brought forward
2.366,792
3.361,194
Cash balance carried forward
5,742,856
2,366,792
Note to cash flow statement
Cash flow from opgratlng actlvltles
2022
2021
Nel operating surpluslldeficill (per SOFA)
Depreciation and amortisation charges
Decrease in debtors
{Decreasel in Creditors
3,358,567
2,923
403.163
1381,1751
(1,258,294)
636
1.590,207
11.324,5221
10
Net Cash loutflow} l inflow from operating activities
3,383,478
1991,973
The charity has no net debt and accordingly no net debt nole is presented.
15

Church Revltalisation Trust
Notes to the financial statements
For the year ended 31 D8e•rnber 2022
1. ACCOUNTING POLICIES
These accounts are prepared on a going concern basls undor the hlslori¢81 cost convention.
The charitable company is a public benefit enlily for the purposes of FRS 102 and therefore also prepared its financial
statements in accordance with the Stslerntsnl of Recommended Practice applicablts to charities preparing their
accoL)nts in accordance with the Financia1 Reporting Standard applicable in the UK and Republic of Ireland (The FRS
102 Charitias SORPI, Companies Acl 2006, and the Charities Act 2011.
The financial statements are prepared in sterling, whl¢h Is th8 fun¢tlonal currency of the ¢haritabl8 company. Monetary
amounts in these financial statements are rounded to the nearest pound.
Funds
General funds represefil the funds of the Charity that are not subject lo any restricllons regardlng thelr use and are
available for application on the general purposes ol the Charity. Funds designated for a p8rti¢ular pvrpose by the
Charlty are also unrestricted. The accounts include all transactions, assets and liabilities for which the Charity is
responsible in law.
Restricted funds arise whef8 the (Sonor has specified which area of aclivty they wlsh lo be supported by thglr glft. The
Charily is not at liberty lo utilise these funds lo support other activity wilhoul the express poimission ol the donoT.
The accounts include all transactions, assets and liabilities lor which the Charity is responsible in18W.
Goln
concern
The trustees have assessed whether th8 use of the going con¢8m basis is approprlat& and have ¢onsldered posslble
events or ¢onditions that might cast significant doubt on the ability of the charity to continue as a going concem. The
trus￿8$ havè made this assessment lor a period ol at least one year from Ihe date of approval of the financial
slalemenls. In particular thè trustèes hav8 considèred the polential impact of the coronavirus pandemic on existing
church planting activities, as well 85 the pot8ntial rédu¢tion in voluntary giving.
The strength of CRT'S 2023 pipeline. the generous donations received towards the Love Your Neighbour campaign
across the neknrk and the current free reserves of £1.932.971 rnean that the trustees have concluded that there is
reasonablo expectation thal the charily has adequate resources to continue in operational existence for the
foreseeable lulure. The ¢harity thgreforg continues to adopt thè going concern basis in preparing its financial
statements.
Incomè
Donations and grants
Donations and grants re￿IV8b1e arè recognised only when the Charity is notrfied Df its legal entitlement, the amount
due is guanlifiable and its ultimate receipt by the Charfty is probable. In¢om& lax r8coverable on Gift Aid dc>nations is
recognised when ihe income is recognised.
Government gr8nts
Grants relating lo revenve are r8¢ognised in income on a systematic basis over the pgrlods in which thè entity
recognises the associated costs lor which the grant is intended to cornpensate.
Ex
gndltura
Expenditure is ¢harged to Ihe siatement of financial activities as it falls due, and is analysed according lo its nature
beiween (he following ¢ategoriès.. Cost of raising funds, Clsrgy trainlng and prèparation, Grants and mission giving,
Other ministry and operational costs and Social Iransformalion.
As refle¢led In note 14 IRelated Parties), a close working relationship is enjoyed belween Holy Trinity Brompton IHTBI.
ph8 Intern8lion81 IAII, St Paul's Thèological Cenlre ISPTCI and ChLJrch Revitalisalion Trusl ICRTI. Shared service
Costs (known as Central Services) are in¢urred by HTB and thèn ie¢harged to thè other chariii&s using the mosl
appropriale driver lor each service cost type. These support COSts are allocat￿1 between ¢haritable 8clivitigs based on
estimat&s ol the resources deployed towards each of these activities.
16

Church Revitallsatlon Trust
Notes to the financial stateménts
For the yèar •nd&d 31 December 2022
Grants
Grar)Is are made to charitable organisations whose activities accord with the objects of Church Revitalisation Trust.
These are made al the dis¢retion of the board, based on established evaluation criteria. Grants are accounled for when
due.
Flxed assets
Cost rolated to the assets purchased are capitalised as incurred.
The charity capitalises any fixed assets over £1.000.
Assots are depreciated on a straight line basis over their 851irnated useful lives. The periods uséd are as follows-.
Computer Equipment- 2 years
Other Equiprnent- 3 years
Depreciation has been charged on the computer and other equipment from the date of purchase.
Th8 carrying values of tangible fixed assets are reviewed for impairment in periods when events or ¢hang&s in
circumslanees indicate the carying value rnay not be recoverable.
Current assets
Amounls owing to the Charity at 31 DecaM￿r are shown as debtors after providing lor amounts that it is thought may
prove uncollectable.
Cash and cash e
uivalents
Cash and cash equivalents include cash in hand, deposits held al (sll with banks, and oth8r short-t&mi liould
Investments wilh original maturities of three months or less.
Flnanclal Instruments
The charity has elected lo apply the prc>visions ol Section 11 'B3sic Finandal Instruments, of FRS 102 lo all of its
financial instruments. Financial instruments are recognised In the charitys balance sheet when thè charlty becomes
party lo the contractual provisions of Ihe inslrurnenl. Financial assets and liabilities are offset, with the nel arnounts
presented in the financial siat6ments, when there is a legally enforceable right to sel off the recognised arnounts and
there is an intention to 58ttle on a ntrt basis or to ￿alise the asset and settle the liability simultaneously.
With the exceptions of prepayments and deferred income all other debtor and creditor balances are considered to be
basic financial instruments under FRS 102. See notes 8 and 10 for the debtor and ¢radilor not¢s.
Creditors
Creditors are r&cognised where the charity has a present obligation resulting from a past event that wll probably result
in the transfer of funds to a third party and the amount due to settle the obligation can be measured or eslimated
reliably.
Em
lo
ee benefits
The costs of short-larm employee benefits a￿ recognised as a liability and an expense.
Critical a¢¢ountin
èstlmates and areas of 'ud
ement
In preparing financial ststemants it is nacessary tD make certain judgements, estimates and assumptions that affect the
amounts recognised in the financial stalemenls. The following judgements and estimates are considered by the
trustees to have the most Significant effect on arnounls recognised in the fin8n¢ial ststements..
Support cost allocation
The allocation of support costs from Central Services is based on estimates of the resources used by Central Servictrs
on each of these activities.
17

Church Revitalisation Trust
Notes to the financial statements
For thÈ yèar ended 31 December 2022
2. DONATIONS AND GRANTS
Vnrestrlct•d fund$
R48trtCi•d
lundy
Totsl fvndB
Total lundg
2022
2022
2022
2021
222fi73
55,939
176.299
45.359
200.wo
8.660.977
9.082.635
39B.972
101.298
200.0
9.375.964
10.078.2Y
149,230
40,830
kncome tax recO￿re￿
Department lor Levelliry Up. HoU￿ng and Communil
Oth&rdon¥lion& and grants
714.987
993.￿9
4,203.444
4,393.804
3. BOOKING FEES & OTHER INCOME
Total
2022
Total
2021
Bookiw F￿- Retrea1¥ & Ev8nls
Booki￿ Fèss- Focus Event
teresiand Other Income
22.272
1,070.904
12.469
1,105.645
252
3.852
The booking fee income received is r8laled to various retreats run to support and Irain deryqy and their fatnili85. In addition. F￿￿$. the annual IL
weekend away for HTB Network louk p￿¢¢ in July 2022 and was lully manoged and 4dmini¥lered by CRT Iprewous1y run by HTBI ￿t ¢1 these
evenls was bom8 byCRT.3nd pmounl£d lo£67.￿31202I. £31.1761 for Re1￿lS & Events and £1.315.16212021. £Nill l¢rF¢¢us Evenl.
4. EXPENDrruRE
4aAnalysls 01gxpgndltur*
Thè table an81yses eXpend￿ure on th8 Sistemenlof Fthiandalkbvil￿s ISOFAI ￿5￿Ct0nd supwrt Costs.
Support ¢a¥tg h$vè bèÈn allocaied tothe (*￿9￿1￿5 bdowon Ihe basts olynrtload invdv&l in Supwiiro ihern.
Dirfjd¢vwts
2022
Support ¢osts
Z022
Totsl ¢¢¥ts
2022
ChAdtAbl• acllvlllos
ClergyTraining Preparation
Gt¥nts arwj Mi$$i¢n Giving l¥xduding Soci81 Tpn$l¢mièlw GraM8- seè 4cl
Othei Minisiry and Operational Cosls
1.S99M71
1.W.484
2.336.628
100.029
4.701
188.052
1.699.1th)
1.590.185
2.524.680
Ltye Your NE￿hb￿rG1anL*1aee rK>le4c &4dl
Lo¥eYour Nel9hbourGeneral
Lovechrislmas
Love cl1￿3 Ind￿1￿¥) Dspi ft*Lsvslliny Up. H￿sing arml Communities
Love Ukraine
5.000
345.333
522.178
168.200
31.3
42.616
34.884
376,732
564,792
203,084
L￿e Your NeighbLyJrOpBTrliw31 C0513 Ise8 noteAdl
593.826
e42,t74
Fundralslng c06ts
Gen9ral
Lov¥ Your ￿010hbOur
81.231
77.613
41,503
16,718
122.734
94.331
Total on SlÈtement of RnBnclo1 Acll¥ftle5
7.314.564
508.T48
7.823.312
Dlre¢l costs
2021
8upport¢osts
2021
Total cosla
2021
Charllable aCt5￿tIeS
Clergy Training and Pr0rrat81
Gffjnts and Givino lexcluthng SocialTr8nst0mètM￿ Gr8nis-&8e nol&4c}
otherminislryand Operational Cos15
1.263.240
474.047
783.728
.753
3.284
147.248
1.361.993
477.331
930.976
Lthe Your Ihlayhbouc Grnnts (seen0￿ 4e & 4dl
Your NeighbourGenerdl
Lovg Chrislfflas
Dept￿rCuIture. M8dKg & Sptyt
494.9fj4
513.054
527.500
9)4.W7
20.0
7.772
2.523
514,994
520,828
S30,023
504,007
YourNwghbour Operdlional Costs158& nole 4dl
616.437
53.409
Ftsndral$iNa casts
G￿eTaI
Lov• YourNgighrthr
eS.705
44.1S7
27,527
8,365
93.232
52.522
T¢)tsl ott S¢atsm*ntof FlnancLql Aci1vl￿¢8
5,286.839
368911
5 655,750
18

Church Revitalisation Trust
Notes to the flnanclal statements
For the year ended 31 December 2022
4b Support ¢o$ts
Th8 folloW￿g ¥UPPDrt ￿￿ts have alk>rAled toihe charita￿e ￿lI￿lIeS a￿ve..
2022
2021
F￿￿Ille8 proporty ¢¢sts
94.164
118.755
146.766
gF.722
51.341
66,530
86,311
99,7
69.234
35.124
12.0
Finan¢6
HR
Legai
Medi¥. Pr0dud1￿ and Movlng Image
Total Support C0615
508,748
368.911
4c Grants
Grants and Ml¥$ion Gi￿ng l•x¢luding Lov8 Your N8ighbour Grants)
un￿St￿Cted Restrlcted,
runds
nds
Total
lunds
Total
I￿ndS
2022
2022
2022
2021
Grant
aranl Puwposo
SuppDrtthg PeterAnd Caleb stream and further
the growth & dOvek)p￿n1 ol Ih&¢oll*J8
Suppori newchurGh plant
Support SMF Curates
Support new ¢hur¢h plani
Supportdev&lopmenl ol existing thurch ￿an1
Support STrAF Curates
Support devgiopmtrnl of txisling ¢hurth ￿affl,
fA>Yer Nelwork worship Iraining and Head of
Neiwork ¢ost$
Support devek)pmenl of existirocmrth p18nl
Support new church pFanl
Support SMF Cu<8￿¥
Support SMF Curates
Support SMF Coraies
Support SMF Cvraltrs
Grant Head ol Eslaie Church Flantiw c051
Network Kids Ministry Supwrt
supp￿ SMF Curates
Support development ol exi51ing thurch plant
Supw SMF Curate5
Supptyt dev8lopment ol 8Xisling thurth ￿an1
sup￿ SMF Curates
R￿[an1- supwrt church plant
supp￿ n$w¢hur¢h plant
sup￿ newchurGh plant
$upptht newchuich plant
supp￿ nw¢hu¢h pl8nl
Support devglopm&nl ol exisliry churth plant
Supportdevelopmenl of exislino church plant
Support dtv¥lopn*rni of trXi$lirtg ¢hur¢h plani
Suppori developtT*nt of ex￿11￿ church p￿nI
Support deVelowThntofex￿ti￿ church pLqnl
VarioLL%
Sl Pauf$ C6ntre
Leaiherhead Church
Sl Paul's Shackwell
Sl Mith*l's Chvr¢h B84ro$toko
St Leonaid's Adringlon
Sl John's H&mpton Wick
954,￿0
T4,1T2
53.319
954.￿0
74,1T2
,319
68,867
17,824
40.￿0
40.DDO
32,051
10.(
21.
32,051
St Petevs Brighton
53,6T3
53.673
SIw￿bUrOh'S Church D￿Y
Chrisl Church Rio
Lighlhovse Lon4
All Hallows Bow
Sl Luke Kentish Tovm
Sl Pelerf5 8ro¢kley
Goswrt South PCC
Harbwf church PortSm0￿h
HO￿TrinItY Clapham
River Church Ipswith
Chrlsi Church Fellham
Sl John's Hampion Widt
Sl Jthn al Hackney
Neknn Slreel Church, Rothdale
Sl Jofvn's Bla¢kpth)I
Sl al Hackney
Sl Luke's Bl£ckbum
BayChur¢h Torb8y
Sl Swith￿s Litrcoln
Sl Malthiag FivvNays
Sl WirFs Totton
CCRC TrLFsI
Woven church Nolllngham
Other Grdnls £10.OCiI Lmder
25.000
25.000
22.563
21.369
17.777
16.185
15,000
14,475
13,010
12,0
12,836
11.720
9.15S
2.4(K)
1.663
25.0(K)
22.563
21.369
17.777
16.185
15,000
11,250
13,010
10,828
12,836
14.634
17.090
15.000
3.225
2.172
10.000
11.720
9.1
13,1*6
22,450
so,wo
So,￿0
25,WO
25.WO
10.wo
10.000
10,0
10.0
28.653
474.047
18.643
156.096
88.473
1.429,368
1.585,484
Support (¥xlS
4.701
4.701
3.284
Tot41 Grnni$ •nd Mi8$ion GIving1o¥¢lvding So¢lfjl Tratr)$formatlon Gr8ntsl
180.797
1,4?9.388
1.590,185
477.331
he grants fvomre5trKlad funds lake accowl of the 5pecifiration ol parkncular ck)nors, all ￿a￿lS are subject lottte review. sign-off and ap[￿￿al of
the CRT board.
19

Church Revitalisation Trust
Notes to the financial statements
Forthe year ended 31 December 2022
4¢ Grani$ ¢onllnu•d
Love Your Nelghbour Grants
The granls below were all wardtrd fr¢m Re*ii¢18d
funds in ¢onn¢cllon wllh Love Y￿r Neighbour
actlvlty..
Love Your
NÈlghbour
Gfrnèral
Love
Christmas
Love Cities
Including
DLUHC.
2022
Love
Ukralne
Total
Tot
2022
2022
2022
2022
2021
Grantse
HolyTdnity Br(xnpton
NO￿Ork¢*￿rch Shèfftekl
Vintry8rd Compasslon
Soul Foundation
Destiny Church Glasgow
Sl John's era¥%ley
Sl George's Gateshead
Love Cttur¢h ISI Swlthun's BoUrneM￿lhI
Sanl MaryB Soulhamplon
Trentc￿npa&SIoTh Trust
AL¥la￿ouS Chwch Manchtsiar
H8rbour Church Portsmouth
Rlv$rC￿h Ipgwlch
Hillsony
Lif8 Church Mini$trie$
B&A Church
Hdy Trinity Haslings
Pattem Church
21.307
80.896
go,￿0
67.500
67.500
53.397
20.oc
122.203
90,000
87,500
73.875
63.397
62.132
$1.240
48.617
42.176
410.￿8
27.375
26,WO
26,WO
26,550
25,500
20.700
20.000
20.000
18.300
16.127
12.000
10.500
6.500
5.359
S.LN)O
4,050
4,rK)o
2,818
2,800
1.831
1.476
1,000
11.926
9.984
20,000
6.375
10.000
7.136
21,240
152.219
5.500
s.￿0
35,$50
33.883
15,DOO
102,335
24.750
62.864
10,OCM)
48,617
33.926
,508
12.375
21,000
20,000
10,OCrf)
20.0
10.(K)O
25.500
2.500
15,550
146,154
6,000
2,000
15.955
18.2(K)
.000
20.000
Jesus House
Sl Jom $1 Hackney
StJokn's Blatkpo¢l
KingsGate Chw¢h Peterborough and Cambiidge
St Catherine's Chwch. Gor88in¢n
Ground Level
Intemalional Chii51ian Cenlre- Chadwell Heath
LCC CommunityTrusl
C3 c8mbiidg*
St Petsrf8 Brighton
H(Ay Trinityclapham
8ri5101 CCRC Trust
G8$ sir601
Am82lng Grace Chapgl Hull
R*dB8rn*d Chrisiian church of God Stevenage
SatnaTitan's Pwsè
Reading Hub
Jubilee Church Londan- Enfield and Iwwj
CrogsllghlAdvlce
Kinys Chur¢h. London- L8wsham
Preston Mln$tor
Emm8us Road
Resurgo Spe8r CentreE (Lond￿)
lizen Church
Charfes wilh Sl. Matthias PCC
Cth6rgr8nts £10.000 and under
30.800
5.000
12.000
10.500
6.500
s.￿9
112.5(MJl
45.881
91.044
10,(M)D
38,491
38.ODO
80,960
35,401
15.250
27.418
72,016
28,379
15.463
176,904
26.190
85.000
65,0(Ml
56.207
41.966
40.0(N)
33,750
31,582
29,484
22,007
50,000
81.427
172,188
2,039.526
3D.325
2.069.851
4,050
4.(KlO
2.816
2.800
I,SDO
1,000
120,0241
20.000
16.%01
16,2FKJI
145,8921
127.777
.040.709
108.899
1.149.608
145,6921
127,777
345,333
31,399
376,732
5,000
S22.178
42.616
564.792
188,200
34,884
203.084
Supportcosl6
Tot•1 Lovo Your NolghbourGTants
5,000
"Includes £200k grants pakl out In 2022. in relab.￿ to fu￿11ng rgceived from the Depgrtmenl lor Levg11ing Up, Housing and Cornmunilie5 IDLVHCI.
20

Church Revltallsatlon TrLESt
Noles to th8 financial statements
For th8 year ended 31 December 2022
dd Lov8 Yourll•lghbourAnAlys19
following ta￿￿8￿01￿8 Lo¥eYour Nèlghbour expenditure on the StAlementof FI￿d81A￿￿￿¢$ ISOFAIbetN￿en UNestr￿Led and restnctèd
tunds.
Unreslrfctsd
2022
Restrfct¢d
2022
Total lund8
2022
Total lunds
2021
Love Your Neuhbour GranlB
Lovoyour NeOhb￿r￿enelal
Love Chfislmas
Love Clltss including Deplfor Levelling Up. Housing Conynmilies
Love Ukraine
Depl lor Cu11urg. Media & Swrt
5.000
316.732
564,792
203,084
514,994
520,826
530,023
376,7
564,792
203,084
504,OD7
LoveYourNeiqhbour OpBrabonal Costs
642,674
1,792,282
642.674
1,792.282
669.846
2,739.698
5. AUDIT COSTS AND DEPRECIATION
Net Incomel lexpendlturel Is stated after charglng..
2Q22
2021
Auditol$ rèmuneration
Under8¢¢rual for audltorfs remuneration wryyear
Ov8r acciual for pioryear 0￿er8erVICeS
4,820
185
1.500
3.505
6.￿0
DeSKe￿ation
2.923
6. STAFF C08TS
2022
2021
Wagès and salarie5
Social seGuriIyc05ts
Penston costs
1.240.070
139,026
60.482
1.439.580
1.027,694
107,770
1.193.210
As dis¢h)sed in note 14 (Related Part￿51. there a dose Y￿rkIng rdalionship between HTB. AI. SPTC and CRT. The C&ntrd Servic85 Stalf who
5UPWXt all ol the cha[it￿¥ *rylh'back otri¢e' fundiorts aro trmpl¢￿d by HTB, and th¥r¢o$is Ilogethgr ￿th th$ ￿$14 of Ih¢ir departhEntsi ar$ all0¢a￿d
across the eThiilies using the rnosl apwwriale basis lor each suppori Se￿ICe. The staff cosls and *iformalK￿ in this nole InGludes the proport￿nale
5haT& of these Central se￿￿5 siaff, 8s ￿11 a$ tht roltrvanl $hare of mifN$lry Staff who split Iheir btne a¢ross th¥ ¢h$rit* du• io the nature of Ihtrir
lo￿S The above WVage5 and Salaries casts Indude only siaff ￿ slandaFd empwnenl conlracts wlh CRT. 11 doe5 not [￿lUde the o)sls of costs ol
plantillg curates li¢en¢6d 10 HTB (paid for tyy CRT) or lh• share ol t￿rgY do WO￿ lor CRT, a$ ¢18rgy fall under $Lipènd arrangernen￿ with th
ol London.
The awragg rrnnlhly of full ￿rne *qU￿a￿nI em￿0Y￿ l•xeludin9 dergylwas 2912021..241
The numb¥ otemployeeswhose lolol b8nefil& lexdLK*ng pensK)n conlribulKMS empknyer national Insuran￿) weregrealerlhaTr£6o.￿o was 3
12021. 21, 8s fdknw5".
£70K- £eoK bracktri- 2
£110K- £120k brack81- 1
Nonè ol IrLSt8e$ r•¢8wed r6muner8ll￿ fty 88 •npl¢y80$ or¢orBu1tanl$ during th8 year, S8fvi¢es as tru$￿$(2021.. £NII Fvrtt*r
detsils can b8 found in noie 14 IRel£lett Partksl.
Th& key rn8nt4ewl persoinel of CRT ¢ompri5e ol th* Church Revilalisalion Trust Chief Execubve Officer (CRT CEO). Ch￿f tyraling Officer
ICOO) and Love Your Neighbour Chief Execulivtr Officer ILYN CEO). T#e total enyloyFe bel￿fil¥ ol t￿ CRT CEO ar￿ COO lin￿￿￿1￿9 p8n*on and
Employer NIClw6re £220.75412021.. t203.10SI. The LYN CEO 15 woiking lor CRT ￿￿er S￿ndment from Resuroo Trust. See Nole 14 for Related
Party disclosure.
Th9 key n￿nagame￿I personnal of ¢èniral $eNi¢• functi￿ whi¢h sefvos HTB, AI, SPTC. and CRT2 ¢ompris6 Group Director of Peok4o.
Group Chi*1 Opw81ing OM¢er £nd the Group Dir￿￿Or of Finance. The total em￿oyee beneliis linc1￿Ing pension Employer NCI of these kby
rTra￿agem￿t peTh%onnel were £254.48212021." ￿06.700>." bul CRT2 only b)re a portion of the¥e c06ts of £58.81012021." £20.3481.
Redunttan¢yltenYinalion paYn￿nIS totalled £NIl lor the ye8r12021.. £1.1081, indude 5talulorypayrnents as well as ex*ratia amowls where these
YRre considered approptiaio. This includes CRT'S share ¢1 any Central Servw redondantyes.
21

Church Revitalisation Trust
Notes to the financial statements
For the year endgd 31 Dgcèmber 2022
7. TANGIBLE FIXED ASSETS
Computer
Equlprnqnt
othér
Fqulpm•nt
Total
COST
Cost as al 1 January 2022
Addit￿nS
6,818
1,529
7,414
B,943
8,347
7,414
15,761
Cost as ¥131 December 2022
6,818
DEPRECIATION
Depr8cialioTr blf
Depre￿a￿On lor ihe year
Depre￿3110￿ CJI
4.812
1.529
1.709
3.238
6.341
2.923
9.264
6,026
NET BOOKVALLIE
A131 OeGember 2021
2.￿6
2.006
Al 31 Do¢8mbbr 2022
792
5,705
6,497
B. DEBTORS
2022
2021
Oth$1 D$biofs
p￿paYm•m$
A¢¢ru8d inwme
OW￿ tr(fft HTB
Ba￿fice OW￿ trtyhAIKth8 Inlemabon81
10.000
192.997
326.370
23.Q77
93.225
TBO.593
81.789
955.607
$52,444
9. CASH AT B￿lK AND IN HAND
2022
2D21
B8lan¢e al bank and in han
5 742 856
2 366 782
10. CREOITORS
2022
2021
AmouThls falllng due within on8
Accruals
B8laThce ¢y¢￿d lo HTB
BAlance owed to Impha Intetnalional
Granis ¢onmilied bul unpa
Sundry Creditors
40.340
34.724
24.769
5,358
364,229
6,339
74.303
32.635
42.064
565,268
731.227
131.426
19.793
Tal¥t￿n and socld S￿rtlY
Deferrèd
946,443
11. ANALYSIS OF NET ASSETS BY FUND
ilnro$M¢tod
fund$
2022
Re5trtcted
funds
2022
Total
fundg
2022
2022 N•t A¥8018 by Fund
FuThd Analy813
Fixed assets
Current a55els
397
2,036.741
1104.1671
6,100
4,258.559
6.497
6.295.300
1565.2681
Fund balance
1,932,971
3 803 $58
5 736 $20
Unreslrfctqd
frJnd$
2021
Rv8trt¢tod
fund8
2021
Total
funds
2021
2021 Comparlson of Nel Assets by Fund
Fund Analysls
Fixed as5etts
Cu￿Thi asse
1,003
1,342,619
1701,9411
1.979.780
1244,5021
3,322.3
(94S,4431
Fund balan¢•
1,7M,281
641,681
2,377,967
22

Church Revitali5ation Trust
Notes to the financlal statèments
For the year ended 31 December 2022
12. RESTRICTED FUNDS
Optynin
balan¢0
2022
CloBlng
balance
2022
In¢om•
2022
Expendttu
2022
Movement on re8lrlctsdfund¥ 2022
Pl*ntlng Curaw8- Sti￿nd. accomrnodatioTr, training and Bupport ol Cura￿$
preparbig to pl￿1 churches
2.251.280
11.452.208)
793.074
Eststas revil3li51ng churches Eslal¢$ snd Urban Aw$wilh dÈprIval￿n
0.￿0
123,4441
s26.￿6
Grants and MIs51on GSvlThg- seed capital. ong¢irtg SUPPOrtf¢r¢hurch
plants & ￿t￿¥tyk ¢hur¢h8s and support of Peier Stream calldKSaleB
1,296,998
11,246.7671
,231
Focu6- Gift$ givan Focu$ 8nd CRT Good Work5
563,850
1294,2581
269.5¥2
Expansion of CRT'S a¢tjvitie$-¢osts 8$8OCl8led plantin9. leadership
and fundraising
1.480.f
I903.4￿)
576.578
Oth*r minlslryand operatlonal costs-other
46.728
156.712
91.393
Lovo Your Nelghbour- including a grantfrom ihe Departtnenifor Levelling
Up, HOU￿Tr9 aTrJ C￿￿mun￿les
594.953
2.981.795
11,886.6141
1.690.134
641,681
9.Q82.635
5.920.758
3,803,558
Openlng
Clo6lng
balance
2021
Income
2D21
Expendllure
2021
2021
Movement On restri¢tsdfvnd$ 2021
Pl•ntlng Curat•s- sllpend, a(L(xnTh￿aliOfi. trainin9 and support ofwraws
preparing ￿ plant¢hurth8S
Grants and Mission Giwng- seed ca￿￿1. ongoing SUPPDrtforcMrch
ants & network churches and support of Peter Stream ￿ndKpa18$
47.877
1.312.786
11.360.665)
36,640
2￿,913
I￿3.553}
Othermlnlstry and •peratlonal costs- Investment ￿ dull￿ ¢apa¢ity
165.0
111&2721
46.728
Lovv Your N6lghbour- indudlng a granl from tha DepartIn￿l forcuttura.
a&SwL
2.149,398
1.237.773
P,792,2181
594,953
2.233.915
3.012.474
14.604.708)
641.681
13. COMMITMEMT8
The ol prOpertyfor¢￿r9Y a¢(Jjhmc￿*10n are tÈld ty HfB and have b2en dlsck)59d 5eparalaty in IhosefinanL¥al siawff*Ms.
23

Church Revltallsation Trust
Notes to the financial statements
For the year ended 31 Do¢ember 2022
14. RELATED PARTIES
None of the iruslees were r￿ThburSed expenses during the year.
REMVNERATION
FOR NON TRUSTEE
SERVICES
TRUSTEE OR KMP
RELATEO TRUSTEESHIPS
REL4TED PARTY
PAYMENTS
ph8 Intempliynal ITrus18&?nd Memberl, HDIY Trinity
Brorwton rrfuslee unbl 31 August 2022}, Sl P6ul'8
TheologirAI Centre trruslee unlll 31 August 20221 and
Sl Mellilus CDlleyeTw$i(rws*e untrl 16JanuAry
20231.
NKky Gumbel.
IRÈ$iwed 31 Augu31
20221
£Nil12021-. £Nill
Se8 below torpayTngnts toltrom HTB Group
enthtles.
Eccle￿8SiIC81 acts as Insur&rs ￿ the HTB
Group. 2022 insuran¢¥ wetnium I
CRT amounted to £14,25312021.. £10.1931.
Ecclesiasliral donated t10.OWIow8rds
cowerfng Fttus Insuran￿ ￿Sts. in 2022.
Holy T￿￿ty Brompion Uruslee & Churchwardenl, Sl
Paul'sTheologlcal C&ntre (Trus￿e1. Sl Mèlliws
Coll$g¢ TIu$i ITru$ts81. Hls¢ox Syndieat$$ Lid
(Director). EcclgsiaslKal Insurance ofiice PLC
(Director) and Be￿faC1crOup PLC (known a5
Eceles￿8t1c￿l Insurante Group until 7 March
Angu8 Winlher.
HT8 paid Hiscox through SEIB Insuran
Brokers Ltd t45,922 for proviling Insurance
for FfKus In 2022 on CRTS behall Anous
WinttrEr had rK> involvement in 8nyol th98e
20221.
olyTrinity Brornpton (fru51eeand Chairsince 1
September 20221, AJr*a Intemaik)nal trnjstee Si￿e
24 March 20221. St Paul's Thetsloykèl Centre
Archiè CD8ies'
See be1￿[orpo￿￿¢rnt$ lo Sl Pete¢s
Brighlon andlvmrom HTB Group enlilie¥.
Peter's brvjhlon cfrustee unbl 31 Augus120221.
IResigmd 6 June
202?)
Alpha InlgrrElI￿aI ITrus19& untrl 29Awl 20221 and St
Pa￿1* Th8dtyieAI Centre IMefflbg11.
Soq below tg1fW￿ HT8 Grou9
enbbes.
£Nil12021.. £Nill
CRT IKJlds 8 cbsewort(Ing re￿tIOnShip￿￿th
thg 0￿￿￿3￿. %tyith all HTB wB18S
beiw licensed uDd&r the LorfoD Diocese.
Durlng 2022 CRTrecewed lundln9 01
£676,28012021'. £1.312.7881 foi SMF 8nd
SDF. thr￿gh ajoint With Lon
Diocese.
AdeMO￿ Adebajo"
Londoi Diocesan Fund.
Naoml Maxwell.
The Parochial Church Council OITh& E¢d0$wb¢al
Parish 01 Hackney ISAINTI
See bdow fcrpayfflentslo S￿NT.
Sl Paufs Theolog￿31 Centre (Trusleel. Ndson Street
¢hur¢h R¢¢hd8k Lid ITru3*e until 29 sep￿rnber
20221. Cibzen Church Ltd (Direthrl, Hope Street
Wrexhaffl trruslee until 23 OGtobeF 20221 Biist
CCRC Trust ITruslee 29 Aprfl 20211.
Tom Jackson Ihu5bandl is CEO olLYN
Within CRT Furtherdetsils arè
underT<¥n Jath8on'stDJSteè¢Ji8d05ure.
Sarah Jackso
£Nil12021.. Oqill
Sar* Jac*son Iwlel ￿ CEOofCRT. deigy
al HTB and a Iru51ee of SPTC.
Tom Jackson Is CEO ofLovÈ Ywr
NeIghb(wrwi￿in CRT.
Re$urg¢ Trust IFound&rand Exe¢Jihv8 ¢halrmaThl.
R9surgo Consulbng IDirgGtorl and Crossliohl Adv￿￿
ITruslee until December 20211.
Tom ja￿5￿7.
Resurgo wjorkclosdy ¥￿th CRTwovldlng
advl¢s on Imp¥ct m•a$vr$m•nland
Iralning. Thereisa Mgmorandum of
Understanthng bemew HTB. CRT 8nd
Resurwtovèring Ihè5è attangomtrnts.
' Twst89
"Key M¥nayement Personnd
Thelolal donations made bylFU¥tees l(w 2022was £5.189.600 12021". £1.636,$001.
Z4

Church Revitalisation Trust
Notas to the financial ststom8nts
For the year onded 31 December 2022
14. RELATED PARTIES Iconllnuedl
BALANCE
OWED
TOIIFROMI CRT
ATYEAR END
ENTITY
NCOhlE
EXPENOITURE
NOTES
CRT bèafs a shsre of Central Sgrvice (>Jsts thafy¥d by HTB. noi
incbJd¢& h$r$, rèlortD fiDiè 4b. HT8 recelved social Iransfortnabon
grants CRT. In 2021 and 20L, as partof CRfs Love Your
Neighbour Inibatrio.
HolyTrinity Brornpton
IHTel
£307.500
{2Q21.. £269.7501
£122,203
12021.. £11.9281
E23,077
12021.. IQ4.76911
Sl Paul's T￿￿091¢81
Cenire ISPTCI
£954.￿0
12021.. £68.8871
¢RTawardad grants to SPTC In 2021 and 2022. $petyfi$d iowar¢ls
skyp0￿￿ P?￿rand Caleb Streamsand for ￿egr￿¥th &
d8vo1op￿rnI0l SPT¢.
12021.. £Nill
St MellltU4 Colleg8
ISMCI
È150.338
12021.. £52.9501
1£25.0471
12021..
I£10$.9￿))
CRT $upwYts Peièr siream studenis each>Earby payng ltr•rfe&s
to SMC.
Fth8 1ntemalK￿aI IAII
£16.962
(2021.. £Nill
IE5.3581
12021.. £81,789)
AI8%Ydrdedagranl toCRT in 2022. tty*8￿ ¢RTs Lov8 Ukra￿8
12021." £2.0181
Re¥vrgoTw
£157.$63
12021.. £157.7$41
1£7.5721
Re5Utyty a Memorandum ol U￿erStandIng with CRTduri
2020 to provid& 5UPPOrtfor Soual transformalK>n 8nd ImpaGI
m8asur8m8nl 5etw¢e$
Resurgo Swr
Centr95
ResLffgo recewed granl mst¢h funding lfom the Goyefflmenl DCMS
grantin 2020 and match funding gi$nt upfrorn LYN ITh 2021.
12021. £J,0081
I￿>21.. £Nill
cros￿l9hIAdyiCe
£NII12021'. £NIll
In3021 CRT awarded p gtantde4trA. as olOCMSrnatch
fundiry gfdnllop up from LYN. lo CTos¥lighlAd¥lce
12021". £40.0001
Nelson Sireel Church Is afi HTB Nsrwork Church DOnal￿S were
madè In 2021 and 2022. bylhird parti8s toCRT. 10 r￿¢*Thi0Th
N81son Street Chur¢h. In addrt￿n, grants were awarded in 2021 as
partol CRf¥ Netwotk Supwt$nd Lovè Chrislrn85 itnrtabve.
Nelson Slieet Church.
Rothdae
,400
12021.. t￿,560>
1£4.0401
cl1￿£￿ Church Is an HTB Nethoik Church. Giaolswere awwded in
boih 20213nd 2022 as partof CRT'5 Nelwoik SUp￿rt and Love
Christmas Inilialrie5. A porfiDnollhp 2021 Love Chii41mas grant
was unspenl and refunded lo CRT in 2022.
Citllen Church, Cardrff
£NII IJ121'. £Nill
1£1.2601
12021-. £52.4001
£5,WQ
Hopo Str￿ Wrsxham
£3,250
12021.. £2.000}
Hope Street Is ￿ HTB Network Church. Gran￿ w$io avéarddd in
both 20218nd 2022 as partCRT'G Love Chnslmas Inibalive.
12021.. £Nill
stPeler's Bruhton
£NII12021'. £Nill
£56.491
12021 t114.83SI
{£5,5531
12021.. IE34,69411
Sl Pelerfs br￿hlon is an HTB ￿tr￿Ork Chui¢h. Grantswere awarded
as partolCRTs Neiwoth SupMand Love Yovr Neighbour initsaiive.
The Parochlal Church
SAINT i¥ on HTe NeiwO￿ C￿reh. GrAnls were awarded aspart ol
CRT'S Love Your N&ighbourin11￿$tive 10 SUPWt SMF funded
Gurate.
Of The Eccle$lastl¢al
ParL%h 01 Hackney
ISAINTI
£25.782
12Q21.. t154.1101
1£37,5231
I￿}21..
Granis were In 2021 a$ p8rtof D¢MS Govemmenl lunded
scherne and lorCRfs Love Christmas inili8tiV¥ Grants wer
8rd6d In 2022 as part ofCRfs Neiwork supp￿ aThJ Lovg
Chnslmas Initialiv8s. A portion olth$ 2021 Love Chnslma5 grant
Was unspent and rsfvnded ID CRT In 2022
Brl$tol CCRCTrust
£7.070
120?1. £15.4821
£5,000
25

Church Revltallsatlon Trust
Notes to the financial statements
Forthe yearended 31 December 2022
15. COMPARATnlE STATEMENT OF FINANCIAL ACTIVITIES
following ta￿& arh8lyses 2021's Incom•8rMJ Èxp8nthiure belween unresthctèd and rèsthcted funds."
Vnrtr$trict0d
fun
2021
R0$trl¢i•
funds
2021
Total
lunds
2021
INCOME
Donallons IFgacl¢s
DonalKinsand grants
B￿kIng lees & other
1,381.130
3.852
3.012,474
4,393.604
3,852
1.384,982
3.012.474
4,397.4S6
EXPENDITURE
E¥pÈnditure on R8lslng fund$
Cosi$ ¢1 raisiny lund$
93.232
52.522
145.754
Expondlturo on ¢h•rii•blo a¢dvhl*s
Cbrgy training and prep8rblv)n
Grants and ffisgon gpviw (excluding Lov8 Your NeighLvJrgrantsl
Olherminislry and Operati￿al costs
1.328
143.778
812.104
1,360.665
333,553
118,272
1.361.9¥3
4TT.331
930,976
Love Y￿r N￿￿9hb￿r9ran1s and support
2,739.696
2.739.696
Totsl 0X￿ndIt￿r9
1.051.042
4,604.7Q8
5.855.750
Not In¢omo11oipot)dtturo1
331940
1.592,224
11.258.294)
Fund$ brouybl lo￿81￿
1,402,341
2.233,915
3,￿6.256
Fund¥ forward 8t 31 D•¢*mb•r
1,736,281
641,681
2,377.962
26