## ## ## |||||||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|quivalent|employees|during the year is analysed as follows:||| |---|---|---|---|---|---| |||||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| ## ##