THE RENEWAL TRUST
Registered charity 1077450 · accounts filings on the Charity Commission register · listed website unreachable when last crawled
Financial health, per its FY2023 accounts
The accounts state that the charity held unrestricted reserves of £826,382, with free reserves at £149,420, against a policy target of three months of planned annual expenditure. The trustees report that the organisation is confident in moving forward with future planning, noting that tenancies in business centres have been stable and bookings are returning post-pandemic.
What the accounts disclose
Reserves policy: three months of planned annual expenditure (held: £149k)
“The Renewal Trusts policy is to hold a minimum of three months of planned annual expenditure in short term reserves” — page 17
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: The Renewal Trust rents office space at Carlton Road Business Centre from Hungerhill Trading Ltd at market rate.
“The Renewal Trust rents office space at Carlton Road Business Centre from Hungerhill Trading Ltd at market rate.” — page 6
“Where costs have been incurred by The Renewal Trust's trading subsidiaries but have been procured through The Renewal Trust, all costs have been transferred at face value, this includes the cost of staff who are employed by the Renewal Trust and have a proportion of their salaries recharged to subsidiaries.” — page 5
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Costs incurred by trading subsidiaries procured through The Renewal Trust, including staff salaries recharged to subsidiaries.
“The Renewal Trust rents office space at Carlton Road Business Centre from Hungerhill Trading Ltd at market rate.” — page 6
“Where costs have been incurred by The Renewal Trust's trading subsidiaries but have been procured through The Renewal Trust, all costs have been transferred at face value, this includes the cost of staff who are employed by the Renewal Trust and have a proportion of their salaries recharged to subsidiaries.” — page 5
Per its FY2023 accounts as filed with the Charity Commission.
Trading subsidiary: Hungerhill Trading Limited, Hungerhill Developments Limited
“The consolidated financial statements include the financial statements of the parent charitable company and its subsidiary companies, Hungerhill Trading Limited and Hungerhill Developments Limited.” — page 31
Per its FY2023 accounts as filed with the Charity Commission.
Accounts audited by Rogers Spencer Limited.
Public fundraising profile: JustGiving — The Renewal Trust (matched by registered charity number).
Structured financials (annual return, FY ending 31/03/2024)
Cost of raising funds
£51k
Reported reserves equal ~11.0 months of spending — above the median for charities its size (median 7.0 months; benchmarks).
Register events
- Received assets from another charity (30/04/2021) — per the register’s event history; asset transfers typically record mergers or reorganisations.
Trustees
- Christopher Harrieschair
- Chantal Marie Lee
- DAVID LIVERSIDGE · trustee of 1 other charity
- Elixabeth Frances Davidson
- Emmanuel Aboagye-Nimo
- Luke Christopher Raddon Jackson
- Matthew Shannon
- Peter John Wright
- Ryan Paul Purewal
Trustee list from the Charity Commission register (current, not historical).
Operates in: Nottingham City
Income and spending
Common questions
Is THE RENEWAL TRUST financially healthy?
The accounts state that the charity held unrestricted reserves of £826,382, with free reserves at £149,420, against a policy target of three months of planned annual expenditure. The trustees report that the organisation is confident in moving forward with future planning, noting that tenancies in business centres have been stable and bookings are returning post-pandemic. Its FY2023 accounts were audited by Rogers Spencer Limited.
Who funds THE RENEWAL TRUST?
Funders whose own accounts filings name THE RENEWAL TRUST as a grant recipient include THE FRANCIS WINHAM FOUNDATION, THE JONES 1986 CHARITABLE TRUST, THE THOMAS FARR CHARITY, J N DERBYSHIRE TRUST, THE MARY ROBERTSON TRUST.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
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