REGISTII RED COMPANY NUMBEI R: 03723917 (Eiigland and Wales) REGISTEREI D CHAIIATY NUMBER: 1076154 RE< PORT OF THE TRUSTEI ES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR RENAISSANCE-UK LTD Wallwoi'k Nelson & Johiison Chartei'ed Accountants & Statutoiy Auditors Chaiidler House 7 Ferry Road Office Park Rivei'sway Prestoii Lancashire PR2 2YH
REI NAISSANCE-UK LTD CONTEI NTS OF THE FINANCIAL STATEI Mli NTS FOR THE YII AR ENDED 31 MARCH 2024 Page Report of the Trustee5 Repol't of the Independent Auditors Statement of Financial Aetivities Balance Sheet Cash Flow Statement io Notes to the Cash Flow Statement Notes to the Financial Statement5 12 to 20
RENAISSANCE-UK LTD Rfi PORT ofi THE TRUSTEE< S FOR THE YEAR EI NDED 31 MARCH 2024 The triistees who al'e also dll'ectors of the ehai'ity for the puiyoses of the Companies Act 2006, present their i'eport with the financial statemeiits of the chai'ity for the year ended 31 March 2024. The tt'ustees have adopted the provisions of Accounting and Reporting by Chai-ities.. Statement of Recominended Pi'actice applicable to charities preparing theii. accounts in accordance ivith the Financial Repoi-ling Standard applicable in the UK and Repiiblic of Ii'eland (FRS 102) (effective l Januaiy 2019). OBJECTIVEI S AND ACTIVITIEI S Objectives anil aims To preserve and protect the mental and physical health of those usincT or affected by alcohol and drugs and inake pi'ovisions to relieve the llnpact and proinote the i'ecovery fi'oin substance use. To promote sexual health, understanding of HIV and related subjects t]]rough materials, cal'e and suppoit sei'vices, appropriate clinical sei'vices, advice, infoiination and advocacy. To pi-eserve and PToinote the good physical, sexual and rnental health of pei'sons who are lesbian, gay, bisexual, traLisgeiider, including tliose in doubt of their sexiial identity, their fainily and friends. To i'elieve the sickness and distt-ess of people who have suffered sexual assault, don]estic abuse. hate crirne oi. other abuse against the pei'son. To pi'ovide ediication and tt-aininty of the individual and community at large and advanceinent of edu¢ation and training and reseai'ch into di'ugs and alcohol, sexual health, sexuality and gender and i-elated subjects. To delivei. the objects priinai'ily but not exclusively in Lancashire. Public benefit The Council of Manageinent confLrin that they have referred to the guidance contained in the Charity ComrnLS5ion's geiieral guidance on piiblic benefit wheii reviewing the charity's allns and objectives and in planning future activities. The chai-ity provides a substance misuse service and sexual health fociised service pi'ovision, to see mol'e about the impact on oui. conununities see www.ren-uldiinpactt'epoit . Page I
RENAISSANCI-UK LTD RE< PORT OF THE TRIJSTEE(S FOR THE YEI AR ENDEI D 31 MARCH 2024 ACHIEVEMEI NT AND PERFORMANC Chal'itable activitie5 Iiicoine is slightly lower compared to last yeai. maiiily due to the end of the Selnet Inanaged Lottei'y and European nding streain. We have however continued to build, secui'e and develop our col'e sei'vices over the period. 2023-24 has seen the continiied successful delivery of oiii. long-l¢i-m conli'acls.. the Blackpool Hoi-izon 5ei.vice including the new Blaclcpool Oasis Project suppoi'tiiig inulti-disadvaiilaged people in Blackpool and drawing on Ilie learning fi'oin the awai'd-winning ADDER Pi-ojecl, and the Lancashire and Blackbiiim Heallhiei- Living Sei'vices. Healthy fiiiancial decisions have been lalcen in the period, with target alignent with biidgets ensui'ing the charity meets its targets, obligations and responsibilities. The service has worked towards the Stt-ategic Actioii Plan 2021-2024 with Ti'ustees, Senioi- Managers, [allage1's and Workers tasked with actions lo maxiinise the effectiveness of Ilie organisalion aiid achieve goals and objectives, also utilising ideas and feedback fi'oin beneficiai'ies and stakeholdei-s. The 'Big Sexy Bus, has continued as an excellent resource for the Blackpool area, enabling pi'oject woi'kers to deliver vital services froin the blis in coinmunity settings. Oui. second vehicle, Patricia the 'Little Sexy Bus, is supportÈng the PI'EP Sexual Health Pi'oject and delivering sei'vices tlu'oughoiit Lancashire. Patricia has pr'oven itself lo be an excellent i-esoui'Le and ha5 Vlslted Prides, othei. sei'vices and coin]nunity events across the county. Trustees continue to lead our charity successfully- atteiiding bespoke Trustee Days, undei'taktng training and developiiient as well as looking at i'ecruitnient of new membei's, WLth ai'eas of expeitise identified as best placed to help the chal'ity ineet its iiltimate goals and aspirations. The charity continues to ensLire valiie for money, with cleai. decision making iitilised for siipplier contracts. Investinent in adininisti'ation iiicluding training, Finance, health and safety and resoui'ces in the period has enhanced the suppoit to staff and infi'astL'UCtui'e. While all staff benefit fi'oin a robust training inatrix to maxirnise potential aiid knowledge. We are happy to repoit tliat oui. col'e sei'vices Inet theii. targets and objectives in the peL'iod' Inany wei'e exceeded and continue to bring rnuch added value to local stamtoiy services. This can be attributed to tlie hai'd woi'k and dedication of pi'oject staff and the operatioIial guidance froin the mana(remeiit team. The inaiiagement teain have worked hard to i'epresent tlie chai'ity at all relevant foi-lims and have continiied to grow and bLiild oil the existing i'elationships with all partners, fundei's and colnISsiOne1.$, Ineanino the repiitation of the chai'ity continues to prove very positive. The period has aoain seen continued investtnent in de¢oL'ation, sti'ucttiral inaintenance and refurbishment of the liei'itage building, ensiii'ing the contiiiuation of sei'vice delivery in years to coine, and a safe, well inaintained, clean and welcoining place foi. oiir service iisei's to access support. We <ilso pi'ovide vital accominodation to oui. Horizon delivei-y partners on the groiind flooi. of the biiilding. Plans foi. futui'e periods The opei'alional iiiaiiatseineiit stt-ucttire eiiables chai'ity leadeL'S to focu5 on the stl'ategic dii'ection of the oi'ganisation with objectives to be set for the next 4 yeai's. Sustainability <ind gi-owth as well as continuin(y to develop olli. bl'and and make oiii'selves inoi'e identifiable are at the foi'efi'ont of OiiL' plaiis goiiig foi'wai'd. We will continue to build i'esei'ves to suppoit the bU5taitiability of the sei'vLCe. We plan to continiie delivei'ints oui. contt'acts to the higliest level, loolcing at added value and iiiiiovation ivith a view to bein(F Tender-Ready for conli-act changes in 2024-25. 0iii- fiiiaiicial processes and decisioii making is tighiei. than evei., we hope to biiild on this and continiLe providints fLll'iher seciirily and stability lo a cliai'ity thc1t has been delivering sei'vices for over 35 yeai-s in the Noith West of England FINANCIAL REVIEW Resei'ves policy The Council of Management's policy 15 to acci'iie a level of i'esei'ves to eiisui'e conliiiual 1]ctiO1]Ing of the chai'ity thi'outsli fliiidiiig delays or iinfoi'eseeii eveiits. The iiiiiiimiiin aiiioiinl I'equii'ed would need to covei. salai'y costs an(1 Inoi-Iga(Fe i'epayiiieiits at Ilie Blackpool pi'einises. At Iliis tiine oiii. fi'ee i'e.%ei'ves al'c iii siirplus by £96,088 (2023 £122,223). We seelc to iiiainlain and also inci'ea5e tlie level of fl'ee I'esei'ves iii the iipcoiiiiiig yeai.. Page 2
RENAISSANCE-UK LTD REI PORT OF THE TRUSTEfi S FOR THI YEI AR ENDEI D 31 MARCH 2024 STRUCTURE, GOVEI RNANCE AND MANAGEMEI NT Governing (locument The charity is conti'olled by ils oovei-nints document, a deed of trust, and constitutes a liinited company, liinited by guarantee, as defined by the Coinpanies Act 2006. Charity constitution The chai'ity is a chaL'itable coinpany, limited by guarantee. The meLnbei's of the company are tlie Council of Maiiageiiient, named on page l. In the event of the charity being wound up, the liability in i'espect of the giiai'aiitee is limited to £5 per tnember of the charity. Recriiitment and appointment of new ti'ustees, iiiduction and training Reci'iiittnent and inf011nation packs al'e disti'ibuted to enable active reci'iiitment of new tnembei's for the Council of Management. Potential new meinbers are invited to attend the quaitei-ly ineeting of the Council of Manageiiient and ineetings are beld initially with a meinbei. of the Senioi. fvlanagement Team, and then with the g'eater ineinbei'ship of senÈoi' managers, staff, volunteers aiid service usei. i'epresenlatives to ensw-e full briefmts and understanding of tlie cliai'ity aTLd the tt'iisteel dll'ector J'ole. Where specific training is reqiiii'ed this is co-oidinated by tlie Council of Management to ens.¢ that all meinbeTS have the necessaiy ath'ibutes to be involved with Renaissance. Organisational strueture The chai'itable company is controlled by the tt'llstees who make up the Council of Management. The trustees delegate the daily i-unning of the chai-ity to the Senior Manageinent Team. The Council of Management meetings have a two-tier appToach. Full meetings are held quartei'ly with a full agency i'eport. Quartei'ly siib rneetings to considei. key issues of pe1'sore1, Finance and Pei'foimaiice siippoit the main ineetings as i'equll'ed and meinbei's are aligned to champioii I'oles to compleinent key ai'eas so as to di'aw on their individual expertise. These Champion roles encoinpass Finance, Safeguaiding & Cliiiical Govei'naLice, IT & Conununications, Contracting, Commissioning & pei'soimel and Performance & Consllltation. The continued developiiient of the Committee reinains a high prioi'ity, continually ensurino thei'e are i'epresentatives in ol'der to fully i'eflect the divei'se needs of ineinbei's to ensui'e the service has within its goveinance the skills and experience L'equii'ed. Risli management Tlie Council of Managerneiit has given considei'ation to tlie inajoi. i'islcs to which the charity is exposed. An ongoing review contlliues to be uiidei'lakeTh with recognition to quality illai'kei's and the requll'eineiit foi. the appropi'iate levels of fiiiiding. The Council of Manageineiit goveins the SMT operational lead of i'isk identification and inanagement includllig arreai's as health aiid safety, safeguai'ding and serious case i'eview. REf4 ERENCEI AND ADMINISTRATIVE DET AILS Re(Yistci-ed Company niiinber 03723917 (England and Wales) RegisteI'ed Cliarity iiiimber 1076154 Registet'ed office 102 Dicksoii Road Blaclcpool FYI 2BU
REI NAISSANCE-UK LTD REI PORT OF THE TRUSTEEI S FIOR THf YEAR EI NDfi D 31 MARCH 2024 Trustees Ms L Edwards Ms P Isherwood M A Jones (i'esigned 2011212023) Ms J Singleton (i'esigiied 11212024) Mrs Y Bairslow Ms D Ghashghaei Ms J C M Ande130n Auditors Wallwoi'k Nelson & Johnson Chaitered Accountants & Sialutoiy Auditors Chandlei. House 7 Fer'ry Road Office Park Riversway Preston Lancashire PR2 2YH STATEMENT OF TRUSTEES, RESPONSIBILITIES Tlie trustees (who are also tlie dii'ectoi's of Renaissance-UK Ltd for the purposes of coinpany law) are responsible foi- prepai-ing the Report of the Ti'iistees and the financial statements in accordance with applicable law and United Kingdom Accounting Standai'ds (Uiiited Icingdoin Geiiei'ally Accepted Accounting Practice). Coinpany law I'equii'es the trustees to pi'epai'e financial stateineiits foi. each fmancial yeai. which give a ts'ue and fall. view of the state of affall's of the charitable coiiipany and of the incoming resources and application of i'esolii'ces, includintr the income and expendittire, of the chai-itable coinpaiiy for that pei'iod. In prepai'ing those financial stateinents, the 'ustees are required to select suitable accounting policies and then apply thein consistently,. obsei've the inethods and pi'inciples li) the Charity SORP. make jiidgemenls and estiniates that al'e i'easonable and prudent. pi'epare the fanCIal statements on the goino coiicern basis unless it is iiiappropriale to pi'esuine that the charitable company will continiLe in biisiness. The triislees are responsible foi. Iceeping pi'opei. accoiinting records which disclose with reasonc1ble accuracy at any tllne the financial position of the ¢hai-Étable coinpany and to enable thein to ensure that tlie flliancial statements coinply with the Compaiiies Act 2006. They are also i'esponsible foi. safegiiarding the c1ssets of the chai'itable eolnpany and heiice for taking i'easonable steps foi. the preveiition aiid detection of fi-aiid and othei. ll'regiilai'ilies. In so far as the trustees are awai'e.. thei'e is no relevant aiidit infoi'ination of ¥vhich tlie chai'itable conipaiiy's auditoi's are Linaivare. and the ti'uslees liave taken all steps that they oiiolit to have taken to make theniselves aware of any i'elevaiit audit iiifoi-jnation and to establish that the auditoi's al'e aivai'e of that infoi'ination. AUDITORS The aiidilors, WallNvoi'k Nelson & Jolmson, will be pi'oposed for i-e-appointment at the foi'lhcoiniiicr Annual General Meeting. Appi-oved by ol'der of the boai'd of ti'iistees on 20 Noveinber 2024 and signed on its behalf by: Ms L Edwai'ds - Ti'iistee Page 4
RE< PORT OF THI INDEPEI NDENT AUDITORS TO THE MEMBEI RS OF RENAISSANCE-UK LTD Oi)inion We have audited the financial staterneiils of Renaissance-UK Ltd (the 'chai'itable company,) foi. tlie yeai. ended 31 March 2024 which coinpi'ise the Statement of Financial Activities, the Balance Sheet, the Cash flow Slateinent and notes to the financial stateinents, iiicluding a suinmary of sionificant accounting policies. The fin¢incial i'epoiting fi'amewoi-k that has been applied in tlieir preparation is applicable law and United Kingdom Accoiiiiting Standards (United Icingdoin Generally Accepted Accounting Practice). In OUL. opinion the financial statements.. give a true and fair view of the state of the charitable company's affaii's as at 31 March 2024 and of it5 incoining resources and application of resources, including its income and expenditui'e, foi- the yeai. tlieii ended. have been propei'ly pi'epai'ed in accordance with United Kin(rdoin Genei'ally Accepted Accounting Practice. and have been prepaied in accordance with the i'equirements of the Coinpanies Act 2006. Basis for opinion We conducted our audit in accordance with Inteimational Standards on Auditiiig (UK) {ISAs (UK)) and applicable law. Our responsibilities uiidei. those standai'ds are fui-thei. desci-ibed in the Auditors, responsibilities for the audit of the fancial statements section of our report. We are indepeiident of tlie charitable cornpany in accoL'dance with the ethical i-equii'ernents that are i'elevant to oui. audit of the fmancial stateinents in the UK, including the FRC'S Ethical Standai'd, and we have fulfilled oiii. other ethical i'esponsibilities in accoi'dance with these reqiiireLnents. We believe that the audit evidence we have obtained is sufficient aiid appi'opriate to pi'ovide a basis for our opinion. Conelu5ions relating to going eoneern tn auditiiig the financial statements, we have concluded that the tLUStees' use of the going concern basis of accountino in the prepaL'ation of tlie fmancial stateinents is appropriate. Based on the woi'k we have perfoi'ined, we have not identified any inatei'ial uncei'tainties relating to events or conditions that, llidividually or Collectively, may cast significant doubt on the charitable cornpany's ability to continiie as a going conGern foi. a period of at least hvelve inonths fi'oin wlien the fmancial statements are authorised foi. issue. Our responsibilities and the i'esponsibilities of the trustee5 Wlth respect to going concern are described tn the relevant sections of this i-epoit. otlier infoi'mation The tt'ustees al'e i-esponsible for the other inforination. The othei. information coinprises the infomation included in the Aiuiual Report, otlieL' than the financial statements and oiii- Repoi'l of the Independent Aiiditoi's thei'eon. Oui. opinion on the financial stateLnents does not covei- the othei- inforinatioii and, except to the extent oth8rNvise explicitly stated in oiii. i'epoit, we do not express any foL'in of assiii-ance conclusion Iheieon. In connection with our audit of the financial stateinents, our i'esponsibility is to l'ead the othei. infoi'ination and, in doing so, considei- whetlier the othei inforination is inaterially inconsistent with the fa1]Cial statements or oui. kiiowledge obtained in the audit oi. othei'wise appeals to be Inalerially inisstated. If we identify such niaterial inconsisteiicies oi. appai'ent Inatei'ial inisstatemeiits, we al'e requii'ed to deteiiiiiiie wlietlier this gives rise to a material inisstateinent in the financial stateinents theinselves. If, based on the woi'k we Iiave performed. we conclude that tliei'e is a inatei'ial misslateinent of this othei. infoi-lnation, we are requii'ed to i'epoi't that fact. We have notbllig to i-epoit in this regai'd. Opinions on other matters pi'e5cribed by the Conipanies Act 2006 tn ow. opiiiioii, based on the woi'k undei-laken iii tlie coiii'se of the aiidit: the inforination given in the Repoi't of the Trustees for the finaiicial ye. for which the finaiicial stateinents are prepared is consistent with the fLnaiicial statemeiits. and tlie Repoit of the TL'LlStees has been pi'epaied in accordance ivith applicable legal reqiiireLiients. Page 5
REI PORT OF THE INDEI PENDEI NT AUJ)ITORS TO THE MEI MBEI RS or I{EI NAISSANCE-UIC LTD ttei's on Ivhieh Ive al'e required to repoi't by exeeption Iii the li(rht of the knowledge aiid undei'standing of the chai'itable comi)any and its enviL'onment obtained in the coui'se of the audit, we have not identified inatei'ial inisstateineiits in the Repoit of the Triistees. We have iiothing to repoit in respect of the following inattei's whei'e the Coinpaiiie5 Act 2006 I'equires us to repoit to you IF, in our opiiiion: adeqiiate accountinu i'ecords have not been kept or I'etui-ns adequate foi- our aiidit have not been i'eceived fi'oin bl'anches not visited by us,. or the finaiicial staleinenls are not in agreeinent with the accounting records and returns. or cet'laili disclosui'es of trustee5' reinunei'ation specified by law are iiot rnade. or we have not i'eceived all the inforInation and explanations we i-eqiiii'e for oiii. audit,. or the trustees wei-e not entitled to take advantage of the sinall conipanies exemption from the requireinent to prepare a Strategic Repoi't or in pi'epai'ing the Report of tlie Trustees. Responsibilitie5 of trustees As explaiiied Inoi'e fiilly in the Statement of Trustees, Responsibilllies, the ttustees (who are also the dii'eetors of tlie chai'ilable coinpany for the puiposes of company law) are responsible for the pi'epai'ation of the financial statemeiits and for being satisfied that they give a tt'ue and fail. view. and for such rntemal contt'ol as the ts'ustees detei'inine is necessary to enable the prepai'ation of financial Statements that al'e free froni Inaterial rnisslateinent, whethei. due to fi'aud oi. errol-. In preparing the financial statements, the trustees are responsible foi. assessing the charitable company's ability to continue as a going coiicein, disclosing, as applicable, mattel's r'elated to going concern and iising the going concei-n basis of accountiiig unles5 the triistees either intend to liquidate the chai'itable company or to cease operation5, 01- have no i-ealistic altei'native but to do so. OuJ- i.espon5ibilities foi. tlie audit of the financial stateTnents Oui. objectives al-e to obtain i'easonable assui'ance about whether tlie financial stateineiits as a whole are free from Inalei'ial Inisstateinent, whether due to fraud or errol., and to issiie a Repoit of the IndepeIidenl Auditoi's that includes our opinion. Reasoiiable assui'ance is a high level of assLIL'ance, but is not a guarantee that an aiidit eonducted in aceoi-dance with ISAS (UK) will always detect a matei'ial misstatement when it exists. Misstclteinents can arise fi'oin fi'aud oi. eii'oi- and al'e consideL'ed Inatei'ial if, individually or in the aggregate, they could reasonably be expected lo infliience the econoniic decisions of iisei-s taken on the basis of these finaiicial statements. The extent to which our pi-ocediires are capable of detecting ii'i'egiilai'ities, including fi'aud is detailed below.. Enqiiii'y of inanageinent and those chai'ged with govei'iiance aroiind actlial and potential litigation and claims. Enquiry of entity staff iii coiiipliance fi]nctions to identify any instances of iion-compliance with laws aiid i'egulations. Reviewing Ininlltes of Ineetiiigs of those charged with goveinance. Reviewing financial stateinent disclosures and testing to suppoit documentation to assess compliance with applicable laws aiid regulations. Auditing the I'isk of inanaoeineiit override of coiitt'ols and evaliiating the business i'ationale of significant ti'aiisactions outside Ilie noi'inal course of biisiiiess. A fiii'thei. desci'iption of oui- i'esponsibilities foi. the audit of the financial stateineiits is located on the Financial Reporting CoLinciI's website at www.fi'c.org.Iildaiiditorsresponsibilities. This description foi-ms part of our Report of the Independent Aiiditoi-s.
REPORT OF THE INDEI PENDENT AUDITORS TO THE MEMBERS OF REI NAISSANCE-UK LTD Use of our J'eport This i'epoit is inade solely to tlie charitable conipany's ineinbers, as a body, iii accordance with Chaptei. 3 of Part 16 of tlie Coinpaiiies Act 2006. Our audit woi'k has been uiidei'taken so tliat we inight state to tlie cliaritable coinpany's Ineinbers those inattei's we are requll'ed to state to thein an auditoi's, repoi't and foi. iio othei. pui-pose. To the fullest extent pei-lnitted by law, we do not accept or assuiiie respoiisibility to anyone other tlian tlie charitable coinpany aiid tlie charitable coinpany's ineinbers as a body. for oui. audit woi'k, for this i'epoi-t, oi. for the opinions we have forined. Paul WoodbuE'lI FCA (Seiiioi. Statutoi'y Auditoi.) for aiid oli belialf of Wallwork Nelsoii & Johiisoii Chartered Accountants & Statutory Auditoi's Chaiidler House 7 Fei"iy Road Office Park Rivei'sway Preston LancasliiI'e PR2 2YH 20 November 2024
RENAISSANCE-UII LTD STATEMENT OF f<INANCIAL ACTIVITIES r4OR THE YEAR ENDED 31 MARCH 2024 2024 Unrests'icted fuiids 2093 Total lids Notes INCOME AND ENDOWMENTS FROM Donations and legacies 11,625 14,489 Chai-itable aetii'ities Provisioii of services 1,189,623 1,361,076 Otliei- tt-ading activities Investsneiit incoine 4.315 105 567 Total 1,201,815 1,379,985 I XPENDITURE ON Clial'itable activities Support costs GoveiTance costs Pi'ovision of sel'vices Management and adiniiiistratioii 12,050 6,814 1,105,964 119,947 26,399 6.108 1,037,778 157.813 Total 1,244,775 1,228,098 NET INCOMEI(EXPENDITURE) (42,960) 151,887 RE4 CONCILIATION OFI FUNTDS Total fuiids brought forwai'd 600,191 448,304 TOTAL FUNDS CARRIED FORWARD 557,231 600,191 The Iiote5 foi-iii pal't of tliese fiiiaiicial stateiiieiits Page 8
REI NAISSANCE-UK LTD BALANCE SHEEI T 31 MAIICFI 2024 2024 Uni-estricted fuiids 2023 Total fuiids Notes FIXEI D ASSEI TS Tangible assets 14 461.143 477,968 CURRENT ASSETS Debtors Cash at bank and in hand 15 19,911 249,616 116,979 183,290 269,527 300,269 CREI DITORS nounts falling due within one year 16 (56.981) (46,438) NET CURREI NT ASSETS 212,546 253,831 TOTAL ASSLI TS LESS CURRENT LIABILITllI S 673,689 731,799 CREDITORS iiowits falling diie aftei. mol'e than one year 17 (116,458) (131,608) NET ASSETS 557,231 600,191 FUNDS UnrestL'iCted funds 20 557,231 600,191 TOTAL fi UNDS 557,231 600,191 These financial stateineLlts have been pi'epared in accoi'dance witli the pi'ovisions applicable to cliai'Ltable coinpanies subject to the sinall coinpanies regime. The financial statemeiits wei-e appi'oved by the Board of Trustees aiid authorised for issue 011 20 Noveinber 2024 and were signed on its behalf by.. L Edwai-ds - Triistee The notes form pait of these financial stateinents Page 9
RENAISSANCE-UK LTD CASH FLONV STATfMEI NT FOR THE YEAR EI NDf,D 31 MARCH 2024 2024 2023 Notes CAsh floivs fi-om operating activities Cash generated fi'oin operations 85,571 78,694 Net cash pi-ovided by opei'ating activities 85,571 78,694 Cash floivs from investing &?Ctivities Pui'cliase of tangible fixed assets Intei'est received (5,659) 567 (23,003) 105 Net cash used in investlllg activities (5,092) (22,898) Cash floivs froin fin1rf Jicing activities Loan repayments in year (14,153) (13,097) Net cash used in fanCIng activities (14,153) (13,097) Change in cash &ind cash eqiiivalent5 in the i'eporting i)eriod Cash aiid cash equivalents at the beginning of tlie reporting period 66,326 42.699 183,290 140,591 Cash aud cash equivalents at the end of the repoi-ting period 249,616 183,290 I'he i)otes forin paL't of tliese fiiiaiicial slaleinents Page 10
RENAISSANCE-UK LTD NOTEI S TO THE CASH fi LONV STATEI MEI NT riOR THE YEI AR EI NDEI D 31 MARCF12024 REI CONCILIATION OF NET (EI XPENDITURE)IINCOME TO NEI T CASH fiLOW FROM OPERATING ACTIVITIES 2024 2023 Net (expenditui'e}lincome foi. the reportiiig period (as per the Stateit]eiit of Fi iThancial Activities) Adjiistments foi-: Depi'eciatÉon charges Interest received Deci'easel(increase) in debtoi's Iiicrease in Greditors (42,960) 151,887 22,484 (567) 97,068 9,546 27,414 (105) (107,872) 7,370 E4ct cash pi'ovided by operations 85,571 78,694 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At31.3.24 Net casli Cash at bank and in hand 183,290 66,326 249,616 183,290 66,326 249,616 Debt Debts fallllits alle Nvkthin l year Debts falling due aftei. l yeaL' (14,153) (131.608) (997) 15,150 (15,150) (116,458) (145,761) 14,153 (131,608) Total 37,529 80.479 118,008 The iiotes foi'in pai't of these finaiicial statements Page 11
RENAISSANCE_UIC LTD NOTEI.S 'i'o 'fHE FINANCIAL STATEI IVIEI Nl's FOII THE YEI AR ENDED 31 MARCII 2024 ACCOUNTING POLICIES BASIS of prepai'ing tlie finaneial statemeiits The financial stateinents of the charitable coinpany, which is a public benefit enlily under FRS 102, have been pi'epared iii accordance ivith the ChaE'ities SORP (FRS 102) 'Accounting and Repoi-ling by Charities.. Statement of Recoin]nended Pi'actice applicable to chai'ities preparing their accounts in accordance with the Financial Reporliiig Standard applicable in the UK aiid Republic of Ireland (FRS 102) (effective l Janiiary 2019),, Financial Reporting Standai'd 102 'The financial Reportin15 Standal'd applicable ui the UIC and Republic of Ireland, and the Companies Act 2006. The financial stateineiits have been prepared undei. the historical cost convention. Iiicome All incoine is i'ecognised ill the Stateinent of Finaiicial ActLVitÈes once the chai'ity lias enlitleinent lo tlie funds, it is probable that the income will be received and the amount can be ineasured reliably. Expenditure Liabilitles al-e recognised as expenditui'e as soon as Iliere is a legal oi. constt'uctive obligation cominitting the chai'ity to that expenditui'e, it is pi'obable that a Iraiisfei. of econoinic benefits will be required in settleinent and the amoiint of the obligation can be measui'ed i'eliably. Expenditiii'e is accounted foi. on an acci'uals basis and has been classified undei- headings that aggi'egate all cost related lo the calegoi'y. Whei'e costs cannot be directly ath'ibuted to parliculai. he2dings they have been allocated to activities oil a basis coiisistent with the use of resoui'ces. Tangible fIxed assets Depi'eciation is pi'ovided at the following armual l'ates in ordei. to wi'ile off each asset over its estimated useful life. Fi'eehold propei'ty Fixtures and firtings MoloI' vehicles Computei. eqiiipment 2% oncost 150/0 on reducing balance 250/0 on c051 330/0 on cost Tayation Tlie cliai'ity is exeinpt fi'oin coi'poration tax on its charitable actLVlties. Fiind aecounting Uiir'eslricted fLiiids can be iised in accordance with the charitable objectives at the discretion of the trustees. Restricted fiinds can only be iised for paiticLilai' i'estL'iCted purposes wiihiii the objects of the chai'ity. Resti'iclions ai'ise when specified by the donoi. oi. wlieii fuiids al'e i-aised for pai'ticular restricted purposes. Fuither explanatioii of the natui'e and piirpose of eacli fund is included in the notes to the financial stateinents. Peiisioii Costs aiid other post-i-etirement benefits Tlie chai-itable coinpany opei-ates a deffed conti'ibution pension schenie. Conti'ibulions payable to the chai'ilable coinpany's peiisioi) scheine are cliarged to the St¢ileinent of Financial Activities in the period to which they relate. Pacre 12 coiitiniied...
REI NAISSANCE-UII LTD NOTII S TO THf FIIINANCIAL SI'ATEMEI NTS_ eontiniied riOR'fFIE YLI AR EI NDED 31 MARCH 2024 DONATIONS AND LEGACIEI S 2024 2023 Donations and gifts 11,625 14,489 OTHEI R TRADING ACTIVITIEI S 2024 2023 Training 4,315 INVESTMENT INCOME 2024 2023 Deposit account interest 567 105 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Provision of services Gi'ants 1,189,623 1,361,076 Graiits i'eceived, included in the above, al'e as fDIIows'. 2024 2023 Lancashire Coiinty Coiincil - Healthier Living Blackpool Council Hoiizon SeLnet Tei'rance Higgins Trust Delphi Medical Big Sexy Bus Blackpool Council ADDER Bi-ook Blackpool Council Roiigh Sleepers Blacl<pool Teacliing Hospital (PI'EP) M & S Neigliboiii'ly Fiiiid Jubilee Legacy Pi'oject Blackbiu'ii With Darwen Coiincil Einpoweiinent LCC Chemsex Reseai'ch Bl&¢kpool Coiincil SSMTRG Blaclcpool Council Resoui'ces Blackpool Council Greeii Dot 128,267 553,476 108,409 544,483 68,879 25,052 13,596 41,000 246.607 25,000 126,666 159,384 1,000 1,000 18,328 13,596 25,000 46,021 9,999 11,867 4,200 352,126 6,527 20,216 1,189,623 1,361,076 Page 13 coiitinued...
IIEI NAISSANCI-UK LTD NC)TEI.S TO THE FINANCIAL SI'ATEI MENTS - coittinued roR THE YEI AR EI NDED 31 MARCH 2024 CHARITABLE ACTIVITIES COSTS Support costs (see note 7) Direct Costs Totals Support costs Govei-nance costs Provision of services Management and administration 12,050 6,814 12,050 6,814 1,105,964 119.947 1,105,964 119,947 1,225,911 18,864 1,244,775 SUPPORT COSTS Goveiiiance costs Fiiiance Totals SLlPPOI-t costs Governance costs 12,050 12,050 6,814 6,814 12,050 6.814 18.864 Support costs, included in the above, al'e as follows.. 2024 Total activities 2023 Total activities Suppoit costs Goveimance costs Rent Posta(re and stationery Siibsci'iptions Aiiditoi's, remiineratioii Auditors, reiniinei'ation foi. non aiidit woi'k 3,930 2,265 5,855 3,930 2,265 5,855 5,329 1,485 8,066 12.585 5,748 4,693 1,415 5,329 1,485 12,050 6,814 18,864 32,507 NET INCOMEI(EXPENDITURE) Net incoJne/(expenditure) is stated aftei. chargingl(ci-editing).' 2024 2023 Depi'eciation - owned assets 22,484 27,414 Page 14 conliniied...
RENAISSANCE-UK LTD NOTEI S TO THE FINANCIAL STATEMENTS- Continued FOII THE YEAII EI NDEI) 31 MARCH 2024 AUDITORS, REMUNERATION 3113124 3113123 Fees payable to the charity's auditoi's for the audit of the chai'ity's financial stateinents Auditors, remuneration for non audit woi'k 5,329 1,485 4,693 1,415 io. TRUSTEES, REMUNERATION AND BEI NEFITS There were no trustees, reinunei'ation or other benefits for the year ended 31 Mai'ch 2024 nor for the year ended 31 Mai'ch 2023. Tru5tees' expenses Thei'e wei'e no trustees, expenses paid for the year ended 31 Mai'ch 2024 nor for the year ended 31 March 2023. ii. STAFF COSTS 3113124 3113123 Wages and salaries Social security c05t5 Other pension costs 802,493 71,480 19,694 744,213 67,814 18,175 893.667 830,202 The average monthly nuinber of einployees dui'ing the year was as follows: 3113124 23 3113123 23 Chai'itable activities Manageinent and adininistt'ation 28 28 No employees i'eceived emoluinents in excess of £60,000. Remuneratioii of key maiiagement personnel The reinuneration of key manageinent personnel is as follows.. 31103124 31103123 Aggi'egate compensation 220,650 226,855 Page 15 coiitiniied.
RENAISSANCE-UK LTD NOTES TO THE filNANCIAL STATEMENTS- continued FOR THC YEI AR ENDED 31 MARCH 2024 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unre5ti'icted fLJnds INCOME AND ENDOWMENTS FIIOM Doiiations and legacies 14,489 Charitable activities Provision of services 1,361,076 Othei. trading activities Investtnent income 4,315 105 Total 1,379,985 EXPENDITURE ON Chai'itable activities Support costs Goveillance costs Provision of services Manageinent and administration 26,399 6,108 1,037,778 157,813 Total 1,228,098 NET INCOME 151,887 RECONCILIATION OF FUNDS Total funds bi'ouglit forward 448,304 TOTAL FUNDS CARRIED fiORWARD 600,191 The Trustees have reviewed the tei-lns and coiiditions of the vai'ious incoine sts'eains that the Chai'ity i'eceives and have concluded that all iiicoine is uni'estricted. The coinpai'ative figui'es detailed above have been i-estated on this basis. PENSIONS 13. The Charitable coinpany contt'ibutes to a defined contribution pension scheine. The assets of the scheme are held sepai'ately froin those of tlie chai'itable coinpany in an indepeiidently adininistei'ed fund. Contributions payable by the coinpany aiiiounted to £19,694 (2023 £18,175). Page 16 continiied...
RENAJSSANCE-UK LTD NOTfi.S TO THE FIINANCIAL STATEMENTS- continued FOR THE YEI All INDED 31 MAIICH 2024 14. TANGIBLE FIXED ASSETS Fixtui'es and fittings Fi'eehold property Motor vehicles Coinputer equipinent Totals COST At l April 2023 Additions 592,060 87,321 509 38,092 83,142 5,150 800.615 5,659 At 31 March 2024 592,060 87.830 38,092 88.292 806,274 DEPRECIATION At l April 2023 Charge for yeai. 140,071 11,841 79,152 1,952 23,842 4,750 79,582 3,941 322,647 22,484 At 31 March 2024 151,912 81,104 28,592 83,523 345,131 NET BOOK VALUE At 31 March 2024 440,148 6,726 9,500 4,769 461,143 At 31 Mai'ch 2023 451,989 8,169 14,250 3,560 477,968 15. DEBTORS: AMOUTr4TS FALLING DUE WITHIN ONE YEAR 3113124 3113123 Ti'ade debtors Pi'epayinents and acci'ued incoine 16,819 3,092 114,305 2,674 19,911 116,979 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113124 3113123 Bank loans and overdrafts (see note 18) Ti'ade ci-editoi's Social security and other taxes Othei- ci'editors Accrued expenses 15,150 8,910 19,271 4,859 8,791 14,153 5,484 14,237 4,108 8,456 56,981 46,438 Page 17 continued...
RENAISSANCE-UK LTD NOTFS TO THE FINANCIAL STATII MENTS - continued FOR Tl.IE Yfi,AR ENDED JI MARCH 2024 17. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 3113124 3113123 Bank loans (see note 18) 116.458 131,608 18. LOANS An analysis of the matui'ity of loans is given below.. 3113124 3113123 Amounts falling due within one year on deniand.. Bank loans 15,150 14,153 Ainounts falling between one and two years: Bank loans - 1-2 yeai's 16,257 15,158 Ainounts falling due between two and five years: Bank loans - 2-5 yeai's 56,240 52.386 Amounts falling due in Inore than five years: Repayable by instalinents: Bank loans Inore 5 yr by instal 43.961 64,064 19. SECURED DEBTS The long-tei'in loan is secured by a fixed charge ovei. the assets of the charity. 20. MOVEMENT IN fiUNDS Net iiioveinent in funds Transfe13 between funds At 3113124 At 114123 Unrestricted funds Genei'al fuiid Fixed Asset Fund 122,223 477,968 (20,475) (22,485) (5,659) 5,659 96,089 461,142 600,191 (42,960) 557,231 TOTAL FUNDS 600.191 (42,960) 557,231 Net moveinent in funds, included in the above al'e as follows: Incoining re50ul.ces Resources expended Moveinent in funds Uni'estricted funds Genei-al fund Fixed Asset Fund 1,20E.815 (1,222,290) (22,485) (20,475) (22,485) 1.201,815 (1,244,775) (42,960) TOTAL FUNDS 1,201,815 {1,244,775) (42,960) Page 18 continued...
RII NAISSANCE-UK LTD NOTES TO THF FINANCIAL STATEMEI NTS- continued FOR THE YEAR EI NDED 31 MARCH 2024 20. MOVEMEI NT IN FUNDS- continued Comparatives for movement in funds Net Inoveinent in funds Ti'ansfeis between funds At 3113123 At 114122 Unrestricted funds Genei'al fund Fixed Asset Fund (34,075) 482,379 179,301 (27,414) (23,003) 23,003 122,223 477,968 448,304 151,887 600,191 TOTAL FUNDS 448,304 151,887 600,191 Coinparative net movement in funds, included in the above are as follows: Incoming resources Resoui'ces expended Movement in funds Uni'estricted funds Genei'al fund Fixed Asset Fund 1.379,985 (1,200,684) (27,414) 179,301 (27,414) 1,379,985 (1.228,098) 151,887 TOTAL FUNDS 1,379,985 (1,228,098) 151,887 A current year 12 inonths and prior year 12 inonths combined position is as follows- Net moveinent in fuiids Ti'ansfei's between funds At 3113124 At 114122 Unrestricted funds General fund Fixed Asset Fund (34,075) 482,379 158,826 (49,899) (28,662) 28,662 96,089 461,142 448,304 108,927 557,231 TOTAL FUNDS 448,304 108,927 557.231 A cui'rent yeai. 12 inonths and pi'ior year 12 months coInbined net Inovement in fund5, iiicluded in the above are as follows.. Incoining i'esoui-ces Resources expended Moveinent in funds Unrestricted fui)d5 Genei'al fiind Fixed Asset Fund 2,581,800 (2,422,974) (49,899) 158,826 (49,899) 2,581,800 (2,472,873) 108,927 TOTAL FUNDS 2,581,800 (2,472,873) 108,927 Page 19 continued...
REI NAISSANCE-UK LTD NOTEI S TO THI FINANCIAL STATEMENTS- coiltinued FOR THI YEAR NDEI D 31 MARCH 2024 21. RII LATED PARTY DISCLOSURES There were no related paity transactions for the year ended 31 Mai'ch 2024. Page 20