**REGISTERED COMPANY NUMBER: 03723917 (England and Wales) REGISTERED CHARITY NUMBER: 1076154** 

## **REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **FOR** 

## **RENAISSANCE-UK LTD** 

Wallwork Nelson & Johnson Chartered Accountants & Statutory Auditors Chandler House 7 Ferry Road Office Park Riversway Preston Lancashire PR2 2YH 



**RENAISSANCE-UK LTD** 

## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Report of the Independent Auditors**|5|to|7|
|**Statement of Financial Activities**||8||
|**Balance Sheet**||9||
|**Cash Flow Statement**||10||
|**Notes to the Cash Flow Statement**||11||
|**Notes to the Financial Statements**|12|to|19|





**RENAISSANCE-UK LTD (REGISTERED NUMBER: 03723917)** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021** 

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in  accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

- To preserve and protect the mental and physical health of those using or affected by alcohol and drugs and make provisions to relieve the impact and promote the recovery from substance use. 

- To promote sexual health, understanding of HIV and related subjects through materials, care and support services, appropriate clinical services, advice, information and advocacy. 

- To preserve and promote the good physical, sexual and mental health of persons who are lesbian, gay, bisexual, transgender, including those in doubt of their sexual identity, their family and friends. 

- To relieve the sickness and distress of people who have suffered sexual assault, domestic abuse, hate crime or other abuse against the person. 

- To provide education and training of the individual and community at large and advancement of education and training and research into drugs and alcohol, sexual health, sexuality and gender and related subjects. 

- To deliver the objects primarily but not exclusively in Lancashire. 

## **Public benefit** 

The Council of Management confirm that they have referred to the guidance contained contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. 

The charity provides a substance misuse service and sexual health focused service provision, to see more about the impact on our communities see www.ren-uk/impactreport . 

Page 1 



**RENAISSANCE-UK LTD (REGISTERED NUMBER: 03723917)** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021** 

## **ACHIEVEMENT AND PERFORMANCE** 

## **Charitable activities** 

Income is very similar to last year. We have been building and developing our core services, with a positive net movement in funds reported for the year under review. 

The service has undergone much change and scrutiny in 2019-20, via a 'Pilotlight Mentoring Scheme' the management team were able to work with a group of experts over a 12 month period to identify the strengths and weaknesses, brand and identity of the organisation, we reviewed the management and staffing structure, and a large part of the process was completing financial assessments, controls and decision making. Future sustainability was also a key learning factor throughout. 

Future sustainability was a key learning factor throughout 2019/20 thanks to the Pilotlight Mentoring Programme connecting us with business executives to unlock solutions and increase our effectiveness. 2020/21 has seen this realised. The new management structure has proved successful, along with a review of financial procedures, and a service and branding identity refresh. The Chair has supported the two lead managers in the period to implement the Pilotlight learning, and drive positive changes to the board and it's members. 

2020-21 has seen the successful implementation and delivery of our long-term contracts; the Blackpool Horizon service including implementation of the Blackpool ADDER Project, the Lancashire and Blackburn Healthier Living services and the Changing Futures Project. This achieving some much needed security and stability for the charity, with healthy financial decisions being made in the period and target alignment with budgets ensuring the charity meets it's targets, obligations and responsibilities. 

The charity reviews all of its contractors, sub-contractors and regular outgoings such as telephone and utility bills to ensure best value for money and clear decision-making processes. 

The 'Big Sexy Bus' is still showing a negative financial balance, i.e. the initial expenditure equals more than the generated income, and although it has proved an excellent resource. Decisions are to be made in 2021/22 regarding financial viability. 

We are happy to report all of our core services met their targets and objectives; many exceeding and bringing added value to local statutory services. This can be attributed to the hard work and dedication of the project staff team and the operational guidance from the management team. The management team have worked hard to represent the charity at all relevant forums and have continued to grow and build on the existing relationships with all partners, funders and commissioners, meaning the reputation of the charity continues to prove to be a very positive one with local commissioners often approaching the charity for additional support and guidance. 

## **Plans for future periods** 

The new management structure means the charity leaders will be able to focus on the strategic direction of the organisation rather than the operational running element. Sustainability and growth as well as continuing to develop our brand and making ourselves more identifiable are at the forefront of our plans going forward. We will continue to build reserves to support the sustainability of the service, and look to ensure our heritage building is structurally maintained to allow the best service delivery possible. 

We have seen 2 new Trustees appointed to the board in the period, and sadly said goodbye to another long-term member unable to continue as a Trustee. The board members will undergo training and development as well as looking at recruitment of new members, with areas of expertise identified as best placed to help the charity meet it's ultimate goals and aspirations. 

We plan on delivering our contracts to the highest level, looking at added value and innovation. Our financial processes and decision making is tighter than ever, we hope to build on this and continue building charity reserves providing further security and stability to a charity that has been delivering services for over 30 years in the North West. 

## **FINANCIAL REVIEW** 

## **Reserves policy** 

The Council of Management's policy is to accrue a level of reserves to ensure continual functioning of the charity through funding delays or unforeseen events. The minimum amount required would need to cover salary costs and mortgage repayments at the Blackpool premises. At this time our free reserves are in deficit by £75,186 (2020 £185,307) due to the investment of substantial sums in the buildings used to deliver our services.Our free reserve levels are improving, and we seek to maintain and increase the levels in the upcoming year. 

Page 2 



**RENAISSANCE-UK LTD (REGISTERED NUMBER: 03723917)** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021** 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. 

## **Charity constitution** 

The charity is a charitable company, limited by guarantee. The members of the company are the Council of Management, named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £5 per member of the charity. 

## **Recruitment and appointment of new trustees, induction and training** 

Recruitment and information packs are distributed to enable active recruitment of new members for the Council of Management. 

Potential new members are invited to attend the quarterly meeting of the Council of Management and meetings are held initially with a member of the Senior Management Team, and then with the greater membership of senior managers, staff, volunteers and service user representatives to ensure full briefing and understanding of the charity and the trustee/ director role. Where specific training is required this is co-ordinated by the Council of Management to ensure that all members have the necessary attributes to be involved with Renaissance. 

## **Organisational structure** 

The charitable company is controlled by the trustees who make up the Council of Management. The trustees delegate the daily running of the charity to the Senior Management Team. 

The Council of Management meetings have a two-tier approach. Full meetings are held quarterly with a full agency report. Quarterly sub meetings to consider key issues of personnel, Finance and Performance support the main meetings as required and members are aligned to champion roles to complement key areas so as to draw on their individual expertise. These Champion roles encompass Finance, Safeguarding & Clinical Governance, IT & Communications, Contracting, Commissioning & personnel and Performance & Consultation. 

The continued development of the Committee remains a high priority, continually ensuring there are representatives in order to fully reflect the diverse needs of members to ensure the service has within its governance the skills and experience required. 

## **Risk management** 

The Council of Management has given consideration to the major risks to which the charity is exposed. An ongoing review continues to be undertaken with recognition to quality markers and the requirement for the appropriate levels of funding. The Council of Management governs the SMT operational lead of risk identification and management including arrears as health and Safety, safeguarding and serious case review. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

## **Registered Company number** 

03723917 (England and Wales) 

## **Registered Charity number** 

1076154 

## **Registered office** 

102 Dickson Road Blackpool FY1 2BU 

## **Trustees** 

I Ashton (resigned 16/8/2021) P T Curwen Ms L Edwards Ms P Isherwood M A Jones Ms J Singleton (appointed 21/4/2021) Mrs Y Bairstow (appointed 21/4/2021) 

Page 3 



**RENAISSANCE-UK LTD (REGISTERED NUMBER: 03723917)** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021** 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

## **Auditors** 

Wallwork Nelson & Johnson Chartered Accountants & Statutory Auditors Chandler House 7 Ferry Road Office Park Riversway Preston Lancashire PR2 2YH 

## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** 

The trustees (who are also the directors of Renaissance-UK Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charity SORP; 

- make judgements and estimates that are reasonable and prudent; 

- prepare the financial statements on the 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 which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

In so far as the trustees are aware: 

- there is no relevant audit information of which the charitable company's auditors are unaware; and 

- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. 

## **AUDITORS** 

The auditors,  Wallwork Nelson & Johnson, will be proposed for re-appointment at the forthcoming Annual General Meeting. 

Approved by order of the board of trustees on 17 November 2021 and signed on its behalf by: 

Ms L Edwards - Trustee 

Page 4 



**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF RENAISSANCE-UK LTD** 

## **Opinion** 

We have audited the financial statements of Renaissance-UK Ltd (the 'charitable company') for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

- In our opinion the financial statements: 

- give a true and fair view of the state of the charitable company's affairs as at 31 March 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities 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. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting 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 doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. 

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent 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 this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material 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 Companies Act 2006** 

In our opinion, based on the work undertaken in the course of the audit: 

- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the Report of the Trustees has been prepared in accordance with applicable legal requirements. 

Page 5 



**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF RENAISSANCE-UK LTD** 

## **Matters on which we are required to report by exception** 

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. 

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: 

- adequate accounting records have not been kept or returns 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 returns; or 

- certain disclosures of trustees' remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit; or 

- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. 

## **Responsibilities of trustees** 

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 

## **Our responsibilities for the audit of the financial statements** 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

- Enquiry of management and those charged with governance around actual and potential litigation and claims. 

- Enquiry of entity staff in compliance functions to identify any instances of non-compliance with laws and regulations. 

- Reviewing minutes of meetings of those charged with governance. 

- Reviewing financial statement disclosures and testing to support documentation to assess compliance with applicable laws and regulations. 

- Auditing the risk of management override of controls and evaluating the business rationale of significant transactions outside the normal course of business. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. 

Page 6 



## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF RENAISSANCE-UK LTD** 

## **Use of our 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 state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. 

Paul Woodburn FCA (Senior Statutory Auditor) for and on behalf of Wallwork Nelson & Johnson Chartered Accountants & Statutory Auditors Chandler House 7 Ferry Road Office Park Riversway Preston Lancashire PR2 2YH 

17 November 2021 

Page 7 



**RENAISSANCE-UK LTD** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021** 

|Notes<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>**Charitable activities**<br>4<br>Provision of services<br>Other trading activities<br>3<br>Other income<br>**Total**<br>**EXPENDITURE ON**<br>**Charitable activities**<br>5<br>Support costs<br>Governance costs<br>Provision of services<br>Management and administration<br>**Total**<br>**NET INCOME/(EXPENDITURE)**<br>**Transfers between funds**<br>19<br>**Net movement in funds**<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>**TOTAL FUNDS CARRIED FORWARD**|Unrestricted<br>funds<br>£<br>6,315<br>34,468<br>16,951<br>930<br>58,664<br>12,005<br>6,000<br>12,566<br>25,463<br>56,034<br>2,630<br>87,431<br>90,061<br>336,231<br>426,292|Restricted<br>fund<br>£<br>-<br>896,304<br>-<br>-<br>896,304<br>-<br>-<br>744,386<br>64,487<br>808,873<br>87,431<br>(87,431)<br>-<br>-<br>-|31/3/21<br>Total<br>funds<br>£<br>6,315<br>930,772<br>16,951<br>930<br>954,968<br>12,005<br>6,000<br>756,952<br>89,950<br>864,907<br>90,061<br>-<br>90,061<br>336,231<br>426,292|31/3/20<br>Total<br>funds<br>£<br>17,087<br>884,930<br>59,799<br>-<br>961,816<br>16,527<br>6,888<br>834,388<br>151,909<br>1,009,712<br>(47,896)<br>-<br>(47,896)<br>384,127<br>336,231|
|---|---|---|---|---|



The notes form part of these financial statements 

Page 8 



## **RENAISSANCE-UK LTD (REGISTERED NUMBER: 03723917)** 

## **BALANCE SHEET 31 MARCH 2021** 

|Notes<br>**FIXED ASSETS**<br>Tangible assets<br>13<br>**CURRENT ASSETS**<br>Debtors<br>14<br>Cash at bank and in hand<br>**CREDITORS**<br>Amounts falling due within one year<br>15<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>**CREDITORS**<br>Amounts falling due after more than one year<br>16<br>**NET ASSETS**<br>**FUNDS**<br>19<br>Unrestricted funds<br>**TOTAL FUNDS**|Unrestricted<br>funds<br>£<br>501,478<br>14,897<br>118,659<br>133,556<br>(49,884)<br>83,672<br>585,150<br>(158,858)<br>426,292|Restricted<br>fund<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|31/3/21<br>Total<br>funds<br>£<br>501,478<br>14,897<br>118,659<br>133,556<br>(49,884)<br>83,672<br>585,150<br>(158,858)<br>426,292<br>426,292<br>426,292|31/3/20<br>Total<br>funds<br>£<br>521,538<br>36,061<br>14,572<br>50,633<br>(64,822)<br>(14,189)<br>507,349<br>(171,118)<br>336,231<br>336,231<br>336,231|
|---|---|---|---|---|



These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. 

The financial statements were approved by the Board of Trustees and authorised for issue on 17 November 2021 and were signed on its behalf by: 

L Edwards - Trustee 

The notes form part of these financial statements 

Page 9 



**RENAISSANCE-UK LTD** 

## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021** 

|Notes<br>**Cash flows from operating activities**<br>Cash generated from operations<br>1<br>Net cash provided by/(used in) operating activities<br>**Cash flows from investing activities**<br>Purchase of tangible fixed assets<br>Sale of tangible fixed assets<br>Net cash used in investing activities<br>**Cash flows from financing activities**<br>Loan repayments in year<br>Capital repayments in year<br>Net cash used in financing activities<br>**Change in cash and cash equivalents in the**<br>**reporting period**<br>**Cash and cash equivalents at the beginning**<br>**of the reporting period**<br>**Cash and cash equivalents at the end of the**<br>**reporting period**|31/3/21<br>£<br>119,984<br>119,984<br>(5,403)<br>930<br>(4,473)<br>(11,424)<br>-<br>(11,424)<br>104,087<br>14,572<br>118,659|31/3/20<br>£<br>(60,505)<br>(60,505)<br>(6,107)<br>-<br>(6,107)<br>(10,613)<br>(1,014)<br>(11,627)<br>(78,239)<br>92,811<br>14,572|
|---|---|---|



The notes form part of these financial statements 

Page 10 



**RENAISSANCE-UK LTD** 

## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021** 

## **1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES** 

|**Net income/(expenditure) for the reporting period (as per the Statement of**<br>**Financial Activities)**<br>**Adjustments for:**<br>Depreciation charges<br>Loss on disposal of fixed assets<br>Decrease in debtors<br>Decrease in creditors<br>**Net cash provided by/(used in) operations**|31/3/21<br>£<br>90,061<br>21,744<br>2,789<br>21,164<br>(15,774)<br>119,984|31/3/20<br>£<br>(47,896)<br>23,069<br>-<br>49,238<br>(84,916)<br>(60,505)|
|---|---|---|



2. **ANALYSIS OF CHANGES IN NET DEBT** 

||At 1/4/20|Cash flow|At 31/3/21|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank and in hand|14,572|104,087|118,659|
||14,572|104,087|118,659|
|**Debt**||||
|Debts falling due within 1 year|(11,424)|(836)|(12,260)|
|Debts falling due after 1 year|(171,118)|12,260|(158,858)|
||(182,542)|11,424|(171,118)|
|**Total**|(167,970)|115,511|(52,459)|



The notes form part of these financial statements 

Page 11 



**RENAISSANCE-UK LTD** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. 

## **Income** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Freehold property - 2% on cost Fixtures and fittings - 15% on reducing balance Motor vehicles - 25% on cost Computer equipment - 33% on cost 

## **Taxation** 

The charity is exempt from corporation tax on its charitable activities. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **Pension costs and other post-retirement benefits** 

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 

## **Covid 19 pandemic** 

As with all charities worldwide, uncertainties have arisen due to the COVID 19 pandemic. The Charity has been affected throughout the financial year by the impact of the Coronavirus. It has modified its operational practices and together with the receipt of Government support, the Charity has not suffered any detrimental financial effect. It's robust financial model has assisted in making the Charity resilient to the impact of COVID 19. 

continued... 

Page 12 



**RENAISSANCE-UK LTD** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

|**2.**<br>**DONATIONS AND LEGACIES**<br>Donations and gifts<br>**3.**<br>**OTHER TRADING ACTIVITIES**<br>Training and rent<br>**4.**<br>**INCOME FROM CHARITABLE ACTIVITIES**<br>Activity<br>Grants<br>Provision of services<br>Grants received, included in the above, are as follows:<br>Lancashire County Council - Healthier Living<br>Children in Need - ISVA<br>Blackpool Council<br>Preston City Council<br>Lancashire Care NHS<br>Leeds & York Partnership<br>North West Ambulance Service<br>Selnet<br>Terrance Higgins Trust<br>Delphi Medical<br>Blackpool BC Safe Haven Bus<br>Digital Pioneers<br>Blackpool Council ADDER<br>Covid<br>Public Health England<br>**5.**<br>**CHARITABLE ACTIVITIES COSTS**<br>Support costs<br>Governance costs<br>Provision of services<br>Management and administration|Direct<br>Costs<br>£<br>-<br>-<br>756,952<br>89,950<br>846,902|31/3/21<br>£<br>6,315<br>31/3/21<br>£<br>16,951<br>31/3/21<br>£<br>930,772<br>31/3/21<br>£<br>99,572<br>-<br>567,317<br>3,000<br>16,042<br>-<br>-<br>69,505<br>5,780<br>13,830<br>4,076<br>2,000<br>127,700<br>16,169<br>5,781<br>930,772<br>Support<br>costs (see<br>note 6)<br>£<br>12,005<br>6,000<br>-<br>-<br>18,005|31/3/20<br>£<br>17,087<br>31/3/20<br>£<br>59,799<br>31/3/20<br>£<br>884,930|
|---|---|---|---|
||||31/3/20<br>£<br>111,903<br>37,975<br>610,931<br>3,000<br>17,500<br>963<br>3,568<br>74,400<br>14,182<br>10,508<br>-<br>-<br>-<br>-<br>-|
||||884,930|
||||Totals<br>£<br>12,005<br>6,000<br>756,952<br>89,950|
||||864,907|



continued... 

Page 13 



**RENAISSANCE-UK LTD** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

## **6. SUPPORT COSTS** 

|Support costs<br>Governance costs<br>**7.**<br>**NET INCOME/(EXPENDITURE)**<br>Net income/(expenditure) is stated after charging/(crediting):<br>Depreciation - owned assets<br>Deficit on disposal of fixed assets<br>**8.**<br>**AUDITORS' REMUNERATION**<br>Fees payable to the charity's auditors for the audit of the charity's financial<br>statements<br>Auditors' remuneration for non audit work|Governance<br>Finance<br>costs<br>Totals<br>£<br>£<br>£<br>12,005<br>-<br>12,005<br>-<br>6,000<br>6,000<br>12,005<br>6,000<br>18,005<br>31/3/21<br>31/3/20<br>£<br>£<br>21,744<br>23,069<br>2,789<br>-<br>31/3/21<br>31/3/20<br>£<br>£<br>4,700<br>5,628<br>1,300<br>1,260|Totals<br>£<br>12,005<br>6,000|
|---|---|---|
|||18,005|



## **9. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020. 

## **Trustees' expenses** 

There were no  trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020. 

## **10. STAFF COSTS** 

|Wages and salaries<br>Social security costs<br>Other pension costs<br>The average monthly number of employees during the year was as follows:<br>Charitable activities<br>Management and administration|31/3/21<br>£<br>516,628<br>45,308<br>12,364<br>574,300<br>31/3/21<br>16<br>5<br>21|31/3/20<br>£<br>549,761<br>49,231<br>13,904|
|---|---|---|
|||612,896|
|||31/3/20<br>19<br>5<br>24|



No employees received emoluments in excess of £60,000. 

## **Remuneration of key management personnel** 

The remuneration of key management personnel is as follows: 

continued... 

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**RENAISSANCE-UK LTD** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

**10. STAFF COSTS - continued** 

|||||31/03/21|31/03/20|
|---|---|---|---|---|---|
|||||£|£|
||Aggregate compensation|||186,058|137,172|
|**11.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|||||
|||Unrestricted||Restricted|Total|
|||funds||fund|funds|
|||£||£|£|
||**INCOME AND ENDOWMENTS FROM**|||||
||Donations and legacies|17,087||-|17,087|
||**Charitable activities**|||||
||Provision of services|17,155||867,775|884,930|
||Other trading activities|59,799||-|59,799|
||**Total**|94,041||867,775|961,816|
||**EXPENDITURE ON**|||||
||**Charitable activities**|||||
||Support costs|16,527||-|16,527|
||Governance costs|6,888||-|6,888|
||Provision of services|13,576||820,812|834,388|
||Management and administration|104,946||46,963|151,909|
||**Total**|141,937||867,775|1,009,712|
||**NET INCOME/(EXPENDITURE)**|(47,896)||-|(47,896)|
||**RECONCILIATION OF FUNDS**|||||
||**Total funds brought forward**|384,127||-|384,127|
||**TOTAL FUNDS CARRIED FORWARD**|336,231||-|336,231|



Page 15 

continued... 



**RENAISSANCE-UK LTD** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

## **12. PENSIONS** 

The Charitable company contributes to a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. Contributions payable by the company amounted to £12,364  (2020 £13,904). 

## **13. TANGIBLE FIXED ASSETS** 

|Fixtures<br>Freehold<br>and<br>property<br>fittings<br>£<br>£<br>**COST**<br>At 1 April 2020<br>592,060<br>88,541<br>Additions<br>-<br>-<br>Disposals<br>-<br>-<br>At 31 March 2021<br>592,060<br>88,541<br>**DEPRECIATION**<br>At 1 April 2020<br>104,548<br>73,661<br>Charge for year<br>11,841<br>2,416<br>Eliminated on disposal<br>-<br>-<br>At 31 March 2021<br>116,389<br>76,077<br>**NET BOOK VALUE**<br>At 31 March 2021<br>475,671<br>12,464<br>At 31 March 2020<br>487,512<br>14,880<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade debtors<br>Other debtors<br>Prepayments and accrued income<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Bank loans and overdrafts (see note 17)<br>Trade creditors<br>Social security and other taxes<br>Other creditors<br>Deferred income<br>Accrued expenses|Motor<br>vehicles<br>£<br>38,280<br>-<br>(19,188)<br>19,092<br>20,242<br>4,773<br>(15,469)<br>9,546<br>9,546<br>18,038|Computer<br>equipment<br>£<br>79,737<br>5,403<br>-<br>85,140<br>78,629<br>2,714<br>-<br>81,343<br>3,797<br>1,108<br>31/3/21<br>£<br>7,100<br>-<br>7,797<br>14,897<br>31/3/21<br>£<br>12,260<br>11,328<br>15,989<br>2,467<br>-<br>7,840<br>49,884|Totals<br>£<br>798,618<br>5,403<br>(19,188)|
|---|---|---|---|
||||784,833|
||||277,080<br>21,744<br>(15,469)|
||||283,355|
||||501,478|
||||521,538|
||||31/3/20<br>£<br>19,311<br>3,947<br>12,803<br>36,061<br>31/3/20<br>£<br>11,424<br>28,836<br>9,279<br>3,336<br>3,600<br>8,347<br>64,822|



## **14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

## **15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

Page 16 

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**RENAISSANCE-UK LTD** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

## **16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR** 

|Bank loans (see note 17)<br>**17.**<br>**LOANS**<br>An analysis of the maturity of loans is given below:<br>Amounts falling due within one year on demand:<br>Bank loans<br>Amounts falling between one and two years:<br>Bank loans - 1-2 years<br>Amounts falling due between two and five years:<br>Bank loans - 2-5 years<br>Amounts falling due in more than five years:<br>Repayable by instalments:<br>Bank loans more 5 yr by instal<br>**18.**<br>**SECURED DEBTS**<br>The long-term loan is secured by a fixed charge over the assets of the charity.<br>**19.**<br>**MOVEMENT IN FUNDS**<br>Net<br>movement<br>At 1/4/20<br>in funds<br>£<br>£<br>**Unrestricted funds**<br>General fund<br>(185,307)<br>27,162<br>Fixed Asset Fund<br>521,538<br>(24,532)<br>336,231<br>2,630<br>**Restricted funds**<br>Restricted Fund<br>-<br>87,431<br>**TOTAL FUNDS**<br>336,231<br>90,061|31/3/21<br>£<br>158,858<br>31/3/21<br>£<br>12,260<br>13,100<br>45,557<br>100,201<br>Transfers<br>between<br>funds<br>£<br>82,959<br>4,472<br>87,431<br>(87,431)<br>-|31/3/20<br>£<br>171,118<br>31/3/20<br>£<br>11,424|
|---|---|---|
|||12,260|
|||42,400|
|||116,458<br>At<br>31/3/21<br>£<br>(75,186)<br>501,478|
|||426,292<br>-|
|||426,292|



continued... 

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**RENAISSANCE-UK LTD** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

## **19. MOVEMENT IN FUNDS - continued** 

Net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>Fixed Asset Fund<br>**Restricted funds**<br>Restricted Fund<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>57,733<br>931<br>58,664<br>896,304<br>954,968|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(30,571)<br>27,162<br>(25,463)<br>(24,532)<br>(56,034)<br>2,630<br>(808,873)<br>87,431<br>(864,907)<br>90,061|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(30,571)<br>27,162<br>(25,463)<br>(24,532)<br>(56,034)<br>2,630<br>(808,873)<br>87,431<br>(864,907)<br>90,061|
|---|---|---|---|
||||2,630<br>87,431|
||||90,061|



## **Comparatives for movement in funds** 

|Net<br>movement<br>At 1/4/19<br>in funds<br>£<br>£<br>**Unrestricted funds**<br>General fund<br>(154,373)<br>(24,827)<br>Fixed Asset Fund<br>538,500<br>(23,069)<br>384,127<br>(47,896)<br>**TOTAL FUNDS**<br>384,127<br>(47,896)<br>Comparative net movement in funds, included in the above are as follows:<br>Incoming<br>resources<br>£<br>**Unrestricted funds**<br>General fund<br>94,041<br>Fixed Asset Fund<br>-<br>94,041<br>**Restricted funds**<br>Restricted Fund<br>867,775<br>**TOTAL FUNDS**<br>961,816||
|---|---|
|||



continued... 

Page 18 



**RENAISSANCE-UK LTD** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021** 

## **19. MOVEMENT IN FUNDS - continued** 

A current year 12 months and prior year 12 months combined position is as follows: 

|**Unrestricted funds**<br>General fund<br>Fixed Asset Fund<br>**Restricted funds**<br>Restricted Fund<br>**TOTAL FUNDS**|At 1/4/19<br>£<br>(154,373)<br>538,500<br>384,127<br>-<br>384,127|Net<br>movement<br>in funds<br>£<br>2,335<br>(47,601)<br>(45,266)<br>87,431<br>42,165|Transfers<br>between<br>funds<br>£<br>76,852<br>10,579<br>87,431<br>(87,431)<br>-|At<br>31/3/21<br>£<br>(75,186)<br>501,478|
|---|---|---|---|---|
|||||426,292<br>-|
|||||426,292|



A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|151,774|(149,439)|2,335|
|Fixed Asset Fund|931|(48,532)|(47,601)|
||152,705|(197,971)|(45,266)|
|**Restricted funds**||||
|Restricted Fund|1,764,079|(1,676,648 )|87,431|
|**TOTAL FUNDS**|1,916,784|(1,874,619 )|42,165|



## **20. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 31 March 2021. 

Page 19