2023-03-31-accounts - The Resurgence Trust

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						Pages
Trustees' annual report (incorporating			the	director's	report)	1to 15
Independent	examiner's report to the		trustees			16
Statement expenditure	offinancial activities account)	(including		income and		17
Statement	of financial position					18
Statement	ofcash flows					19
Notes to the financial statements						20to33

Registered		charity	name	name	The Resurgence	Trust	Trust
Charity registration			number		1120414
Company	registration			number	5821436
Principal office and			registered		The Resurgence	Centre
office					Fore Street
					Hartland
					Bideford
					Devon
					EX396AB
The trustees					James Sainsbury
					Sandy Brown
					Richard Baker
					Josephine Amankwah
					Herbert Girardet
					Stephanus Brenninkmeijer			(Appointed	8 March 2023)
					Rowan Mataram			(Resigned	8 March 2023)
					Christabel Reed
					Ruby Reed
Company	secretary				Mr Satish Kumar
Independent		examiner			Catherine Williams		FCA DChA
					Westcotts (SW)	LLP
					47 Boutport Street
					Barnstaple
					Devon
					EX31 1SQ

~ allocating	~ allocating	~ allocating	responsibility for	responsibility for	risk	risk	risk	risk
The identification			and management		of risks is an ongoing process and is supported by the
maintenance		ofa	risk subcommittee,		which reports to the full Board of Trustees.
Identified	principal		risks and uncertainties:
Risk				Potential	im act		Miti atin actions
Failure to	comply		with	Fines and penalties			Appropriate staff training
legislation	and
regulations				Reputational damage			Obtaining external professional			advice
							Retention of appropriate records			and
							communications, including	the minutes
							of meetings
							Annual independent examination			of
							financial statements
Inadequate		cash	flow	Inability to meet obligations as			Production of budgets and	cash		flow
				they become due,		leading to	forecasts to identify funding
				possible			requirements
				~ suspension/loss		ofservices
				ie.g. utilities)			Regular management reports
				~ breach	ofcontracts		presented to senior staff and		at
				~ inability	to fulfil objectives		Trustees' meetings
				~ loss of	goodwill/reputation
							Adherence to reserves policy,
							including the establishment	and
							maintenance ofa 'resilience		reserve'

					Year ended	Year ended	Year ended	Year ended	31 March	2023
Risk				Potential		impact				Mitigating actions
Insufficient		fundraising		Inability	to	meet financial				Production of cash	flow forecasts to
				obligations						identify funding requirements				and
										ensure sufficient liquid		funds
				Loss of	key		staff
										Regular management		reports		to
				Inability	to	meet objectives				enable early detection		of problems			to
										allow planning time
										Maintaining good relationships				with
										key funders
										Continual focus on	decreasing			reliance
										on donations by increasing			revenues
										from sustainable charitable			activities
Declining	membership			Inability	to	meet financial				Reviewing charitable activities				to
numbers	and			obligations,			due to reduced			ensure that they align		with our
associated		income from		income						objectives
core charitable			activities
				Reduced relevance				ofthe		Employing an outreach		and
				organisation						promotions officer
				Failure	to	achieve objectives				Development of partnerships				with
										other organisations
Corruption/loss			of data,	Extreme disruption;				very		Onsite and offsite	backups
including	our			difficult	to	recreate from other
membership		database		sources						Support contracts	in place with
										software providers
				Impossibility			of communicating
				with members
				High loss		of	goodwill		from
				members
										Monthly review of	risk	register		and
Changing	and		emerging	New risks		emerge or			the	update of controls	and	risk	scores		as
risks				profile of existing risks alters,						required
				leading	to	insufficient
				management			controls			Regular review of	the	latest
										Government Guidance
										Staff to re ort new	risks as		identified

		Ye	ar ende	d 31 March	2023
					2023		2022
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
			Note	2	2	2
Income and endowments
Donations and legacies Charitable activities			5 6	342,808 325,419	1,941	344,749 325,419	419,644 333,879
Other trading activities Investment income			7 8	42,598 2075	20	42,598 2,095	48,396 217
Other income			9	27,325		27,325	23,155
Total income				740,225	1,961	742,186	825,291
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies Costs of other trading activities Expenditure on charitable activities Other expenditure			10 11 12,13 14	8,651 1,394 704,805 822	27 4,645	8,678 1,394 709,450 822	8,669 589 721,288 130,815
Total expenditure				715,672	4,672	720,344	861,361
Net income/(expenditure) movement in funds	and	net		24,553	(2,711)	21,842	(36,070)
Reconciliation offunds
Total funds brought forward				994,580	10,608	1,005,188	1,041,258
Total funds carried forward				1,019,133	7,897	1,027,030	1,005,188

Year en	ded 31 March 2023
		2023	2022
		8	2
Cash flows from operating activities Net income/(expenditure)		21,842	(36,070)
Adjustments for: Depreciation oftangible fixed assets Impairment oftangible fixed assets Amortisation of intangible assets Other interest receivable and similar income Loss on disposal of tangible fixed assets Accrued income		33323 184 (2,095) 822 (4,025)	35,322 129,299 184 (217) 1,516 (18,086)
Changesin: Stocks		(6,384)	(948)
Trade and other debtors		(478)	861
Trade and other creditors		(35,783)	3,535
Cash generated from operations		7,406	115,396
Interest received		2,095	217
Net cash from operating activities		9,501	115,613
Cash flows from investing activities Purchase oftangible assets Proceeds from sale of tangible assets		(23,255)	(62,084) 217
Net cash used in investing activities		(23,255)	(61,867)
Net (decrease)/increase in cash and cash Cash and cash equivalents at beginning	equivalents ofyear	(13,754) 289,669	53,746 235,923
Cash and cash equivalents at end of year		275,915	289,669

					Year e	nded 31 Marc	h 2023
5.	Donations	and	legacies
							Unrestricted	Restricted	Total Funds
							Funds	Funds	2023
							2	2	2
	Donations
	Donations						337,893		337,893
	Restricted donations			and grants				1,694	1,694
	Gifts
	Tax refunds	- Gift Aid					4,915	247	5,162
							342,808	1,941	344,749
							Unrestricted	Restricted	Total Funds
							Funds	Funds	2022
							2	2
	Donations
	Donations						397,635		397,635
	Restricted donations			and grants				14,399	14,399
	Gifts
	Tax refunds	- Gift Aid					7,254	356	7,610
							404,889	14,755	419,644
6.	Charitable	activities
						Unrestricted	Total Funds	Unrestricted	Total Funds
						Funds	2023	Funds	2022
						2	6		2
	Book, magazine and other Membership subscriptions Advertising Event income				sales income	58,571 200,967 38,846 11,529	58,571 200,967 38,846 11,529	61,632 192,725 50,523 12,455	61,632 192,725 50,523 12,455
	Tax refunds	- Gift Aid				15,506	15,506	16,544	16,544
						325,419	325,419	333,879	333,879

Other trading activities
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2023	Funds	2022
	2	2	2	2
Sale of donated goods Fundraising event income Rental income - Small School Cottage	33,344 9,254	33,344 9,254	13,205 26,616 8,575	13,205 26,616 8,575
	42,598	42,598	48,396	48,396

8.	Investment income
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2023
							2
	Bank interest receivable				2,075	20	2,095
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2022
					2		2
	Bank interest receivable				215	2	217
9.	Other income
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2023	Funds	2022
					2
	Other income			27,325	27,325	23,155	23,155
10.	Costs of raising donations		and	legacies
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2023
					2		2
	Event costs				8,651	27	8,678
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2022
					2
	Event costs				6,353	2,316	8,669
11.	Costs ofother trading	activities
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2023	Funds	2022
					2	2
	Costs of Cottage Rental	income		1,394	1,394	589	589

Expenditur	e on charitable activities by	fund type
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2023
		F		2
Magazine Staff costs	and website costs	195,871 324,845	1,747	197,618 324,845
Event costs		15,776	1,043	16,819
Support costs		168,313	1,855	170,168
		704,805	4,645	709,450
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
		2		2
Magazine Staff costs	and website costs	174,522 341,417	10,712 1,955	185,234 343,372
Event costs		7,320		7,320
Supportcosts		184,712	650	185,362
		707,971	13,317	721,288

Expenditur	e on charitable activiti	es by activity typ	e
		Activities
		undertaken		Total funds	Total fund
		directly	Support costs	2023	2022
			2	2	2
Magazine Staff costs	and website costs	197,618 324,845	170,168	367,786 324,845	370,596 343,372
Event costs		16,819		16,819	7,320
		539,282	170,168	709,450	721,288

			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
				8		2
Loss on disposal of tangible assets held for charity's own		fixed use	822	822	1,516	1,516
Gains/(losses) assets	on impairment	offixed			129,299	129,299
			822	822	130,815	130,815

15.	Year ended 31 March 2023 Net income/(expenditure)	Year ended 31 March 2023 Net income/(expenditure)
	Net income/(expenditure) is stated after charging/(crediting):
			2023	2022
			2	2
	Amortisation of intangible assets Depreciation of tangible fixed assets Loss on disposal of tangible fixed assets		184 33,323 822	184 35,322 1,516
16.	Independent	examination fees
			2023	2022
			2	2
	Fees payable Independent	to the independent examiner for: examination ofthe financial statements	2,329	2,172

Staff costs
The total staff costs and	employee	benefits for the reporting	period are analysed as 2023	follows: 2022
			2
Wages and salaries Social security costs Employer contributions	to pension	plans	298,381 20,099 6,365	316,125 20,783 6,464
			324,845	343,372

of full-time e
	2023	2022
	No.	No.
Editorial	4	5
Membership Administration	2 2	3 2
Fundraising &events PR & marketing	1 2	2 1
		13

19.	Support costs Notes to the Financial Statem Year ended 31 March	ents (continued) 2023
		2023	2022
		2
	Insurance	3,694	4,567
	Sundry Recruitment expenses Travelling Printing, postage and stationery Training Equipment hire Premises expenses Telephone Exchange gains/(losses) Repairs and renewals Accountancy fees Rates	1,641 541 1,894 3,783 36 1,421 10,944 5,312 (242) 36,005 2,329 881	3,804 2,057 2,306 6,637 1,005 1,503 13,842 7,671 286 24,649 2,172 (1,608)
	Legal fees Depreciation	3,387 33,507	3,586 35,506
	Non-reclaimed VAT		(57)
	Subscriptions Subsistence	10,250 632	13,906 484
	Financial charges Professional fees	5,269 48,884	8,462 54,316
	Other expenses		268
		170,168	185,362
20.	Intangible assets
			Patents,
			trademarks
			and licences
			2
	Cost
	At 1 April 2022 and 31 March 2023		1,840
	Amortisation
	At 1 April 2022 Charge for the year		552 184
	At 31 March 2023		736
	Carrying amount At 31 March 2023		1,104
	At 31 March 2022		1,288

Tangible fixed ass	ets
	Land and	Plant and	Fixtures and
	buildings 2	machinery	fittings 2	Equipment 8	Website	Total 8
Cost
At 1 Apr 2022 Additions	850,000 6,069	132,419 1,910	26,113 8,215	45,648 6,021	32,813 1,040	1,086,993 23,255
Disposals			(250)	(1,873)		(2,123)
At 31 Mar 2023	856,069	134,329	34,078	49,796	33,853	1,108,125
Depreciation At 1 Apr 2022		32,045	5,738	15,512	21,206	74,501
Charge for the year Disposals	8,561	10,106	2,166 (70)	4,693 (1,231)	7,797	33,323 (1,301)
At 31 Mar 2023	8,561	42,151	7,834	18,974	29,003	106,523
Carrying amount At 31 Mar 2023	847,508	92,178	26,244	30,822	4,850	1,001,602
At 31 Mar 2022	850,000	100,374	20,375	30,136	11,607	1,012,492

from Underwoo Stocks	d Wright Chartered Surveyors as at 31	March 2022.
		2023	2022
		f	2
Raw materials	and consumables	11,187	4,803
Debtors
		2023	2022
		2	2
Trade debtors		15,308	8,876
Prepayments Other debtors	and accrued income	42,935 10,802	45,892 11,397
		69,045	66,165

		2023	2022
		2
Trade creditors		4,075	18,019
Accruals and deferred	income	107,570	132,938
Other creditors		220,178	218,272
		331,823	369,229

		At				At 31 March
		1 April 2022 2	Income	Expenditure 6	Transfers	2023 2
General funds		44,206	740,225	(697,004)	(7,980)	79,447
Land, property, and machinery	plant	950,374		(18,668)	7,980	939,686
		994,580	740,225	(715,672)		1,019,133
		At				At 31 March
		1 April 2021	Income 2	Expenditure	Transfers	2022 2
General funds		(42,006)	810,534	(695,665)	(28,657)	44,206
Land, property, and machinery	plant	1,071,780		(150,063)	28,657	950,374
		1,029,774	810,534	(845,728)		994,580

Restricted funds
		At				At 31 March
		1 April 2022	Income	Expenditure	Transfers	2023
				2		2
Recruitment
Marketing & Promotion Ernest Cook Trust		621 6,628	1 13	(409) (1,072)		213 5,569
Small School - Youth
Club Funding Ecologist's Writers'	Fund	1,469 1,890	3 1,944	(113) (3,078)		1,359 756
		10,608	1,961	(4,672)		7,897
		At				At 31 March
		1 April 2021	Income	Expenditure	Transfers	2022
		2	2	2	k	2
Recruitment Marketing & Promotion Ernest Cook Trust		3 701 8,015	12,000 2	(3) (12,080) (1,389)		621 6,628
Small School - Youth
Club Funding Ecologist's Writers'	Fund	1,705 1,060	2,755	(236) (1,925)		1,469 1,890
		11,484	14,757	(15,633)		10,608

27.	Analysis	of net a	sse	ts between funds
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2023
					2	2	2
	Intangible	assets			1,104		1,104
	Tangible	fixed assets			1,001,602		1,001,602
	Current assets				348,250	7,897	356,147
	Creditors	less than	1	year	(331,823)		(331,823)
	Net assets				1,019,133	7,897	1,027,030
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2022
						2
	Intangible	assets			1,288		1,288
	Tangible	fixed assets			1,012,492		1,012,492
	Current assets				350,029	10,608	360,637
	Creditors	less than	1	year	(369,229)		(369,229)
	Net assets				994,580	10,608	1,005,188
28.	Analysis	ofchanges		in net debt
							At
					At 1 Apr 2022	Cash flows	31 Mar 2023
						2	2
	Cash at bank and		in hand		289,669	(13,754)	275,915