Registered Charity Number 1151318
## **RE:SOURCE BLACKBURN**
(A Charitable Incorporated Organisation)
ACCOUNTS AND TRUSTEES' REPORT FOR THE YEAR ENDED 31st March 2022
**t** 07377 63033 **e** info@exchangeblackburn.org.uk **w** www.exchangeblackburn.org.uk Registered address: The Exchange, 71-73 King William Street, Blackburn, BB1 7DT
## **RE:SOURCE BLACKBURN**
## **Index**
## **for the year ended 31st March 2022**
||**Page**|
|---|---|
|Reference and administrative information|2|
|Trustees' report|3 - 6|
|Independent examiner's report|7|
|Statement of financial activities|8|
|Balance sheet|9|
|Notes to the financial statements|10-15|
**t** 07377 63033 **e** info@exchangeblackburn.org.uk **w** www.exchangeblackburn.org.uk Registered address: The Exchange, 71-73 King William Street, Blackburn, BB1 7DT
1
## **RE:SOURCE BLACKBURN**
## **Reference and administrative information for the year ended 31st March 2022**
|Trustees:|Dr A Murdoch|
|---|---|
||Mrs J Murdoch|
||Mrs J Mitchell|
||Mr J McGregor|
||Ms N Mughal (appointed on 7th July 2021)|
|Director of Operations|Mrs C Butler|
|Charity number:|1151318|
|Operational address:|The Exchange|
||71-73 King William Street|
||Blackburn|
||BB1 7DT|
|Registered office:|The Exchange|
||71-73 King William Street|
||Blackburn|
||BB1 7DT|
|Bankers:|The Cooperative Bank plc|
||PO Box 101|
||1 Balloon Street|
||Manchester|
||M60 4EP|
|Independent Examiner:|J A Fell & Company|
||Chartered Accountants|
||40 Hoghton Street|
||Southport|
||PR9 0PQ|
|Solicitors:|Mounteney Solicitors Limited|
||22 The Bramhall Centre|
||Bramhall|
||Stockport|
||Cheshire|
||SK7 1AW|
**t** 07377 63033 **e** info@exchangeblackburn.org.uk **w** www.exchangeblackburn.org.uk Registered address: The Exchange, 71-73 King William Street, Blackburn, BB1 7DT
2
## **RE:SOURCE BLACKBURN**
## **Trustee's annual report**
## **for the year ended 31st March 2022**
## **Structure, governance and management**
The charity is a charitable incorporated organisation (CIO) and governed by its constitution 21st March 2013. This constitution established the objects and powers of the charity, without voting members other than its trustees. In the event of the charity being wound up, the trustees are not required to contribute to its assets and have no personal responsibility for settling its debts and liabilities.
## **Recruitment and appointment of trustees**
Under the constitution, apart from the first charity trustees, every trustee must be appointed for a term of four years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees have regard to the skills, knowledge and experience needed for the effective administration of the CIO. Business, leadership, teaching, medical, dental, entrepreneurial and church leadership skills are well represented in the current trustees.
## **Trustee induction and training**
The charity trustees make available to each new charity trustee, on or before his or her first appointment a copy of the constitution and any amendments made to it and a copy of the ClO's latest Trustees' Annual Report and statement of accounts. This is added to by intensive face-to-face meetings.
## **Organisational structure**
There are five trustees from varying professional backgrounds who meet at least quarterly. They are responsible for the strategic direction and policy of the charity. They take on varying responsibilities for the charity depending on their professional background and skills.
## **Objectives and activities**
The primary objectives of the charity are:
- A. to further or benefit the residents of Blackburn with Darwen and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents. In the particular furtherance of the object outlined in this clause the trustees shall have power (but not the obligation) to establish or secure the establishment of a community centre and to maintain or manage or cooperate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the object outlined in this clause;
- B. to relieve sickness and preserve health among people residing permanently or temporarily in Blackburn with Darwen;
- C. to advance the Christian religion for the benefit of the public in accordance with the doctrine outlined in the apostle's creed.
**t** 07377 63033 **e** info@exchangeblackburn.org.uk **w** www.exchangeblackburn.org.uk
3
Registered address: The Exchange, 71-73 King William Street, Blackburn, BB1 7DT
**RE:SOURCE BLACKBURN**
**Trustee's annual report for the year ended 31st March 2022 (continued)**
## **Achievements and Performance**
The charity purchased the former Cotton Exchange on 4th September 2015, rescued it from continued dereliction by repairs to roofs and windows and temporarily refurbished the lower ground floor to make it usable. This was achieved by 1st May 2016. The upper floor has been usable to host 600 people by April 2017.
Average weekly access figures from September 2021 to March 2022 on the lower ground floor and MeeMaws was 80 persons; extra one-off events upstairs saw an extra annual footfall of 1,220 people. June – September 2021 saw around 20 per week. Total for the year was 3,720 people.
Re:Ignite Church continues to be based at The Exchange, Blackburn, meeting there on Sunday mornings and their lease of the lower floor of the Exchange restarted in June 2021.
Also in June 2021, we recruited a new Trustee Miss Nudrat Alexxander Mughal , who has worked in the arts, cultural and voluntary sector for more than 10 years and we are delighted she has agreed to join us.
In September 2021 we hosted the ‘Confessional’ music event, this was open to the public and gathered 440 attendees.
We secured £18,650 at the end of 2020 from the Architectural Heritage Fund’s (AHF) Covid Resilience Fund which helped us to produce business and financial plans which were launched on the 13th of November 2021. We gathered over 120 people to hear the news of a successful bid to AHF Development Fund for 90% of £99,150. People from over 22 nationalities assembled to celebrate the business plan launch and the exciting funding news at The Exchange on that day
In anticipation of the successful launch of our business plan and with support from the AHF development fund we took the step to employ our Exchange Manager full time in the newly created role of Director of Operations.
In December 2021 we engaged funding specialists Chell Perkins who, having been briefed, have sought to generate funds for the MeeMaws Hope Beyond project. We anticipate seeing funds from these grant applications begin to land in the autumn of 2022.
We hosted a further music event on New Years Eve. The ‘Boomtown’ event attracted 499 attendees and directly benefited both Re:Source charity and Cancer Research charity by donating £2,500 to each from the surplus proceeds of the event.
MeeMaws café space has been leased to ‘Spirit Café’, a ministry of Re:Ignite Church, two evenings per month since October 2021.
Also in October 2021, work commenced in MeeMaws supported by capital funds from Allchurches Trust, Re:Ignite Church and a private donation all totalling £18,650 to facilitate installation of a corridor and access to the new disabled toilet through a new doorway. This enabled public access to facilities and resolved the issue of the kitchen area previously being accessible to the public.
**t** 07377 63033 **e** info@exchangeblackburn.org.uk **w** www.exchangeblackburn.org.uk Registered address: The Exchange, 71-73 King William Street, Blackburn, BB1 7DT
4
## **RE:SOURCE BLACKBURN**
## **Trustee's annual report**
## **for the year ended 31st March 2022 (continued)**
## **Relish English**
Relish English has continued to build its network of students benefitting over 200 individuals since inception; from September 2021 to February 2022 we are engaged with the following numbers of students:-
|Relish @ Audley Range (Audley Junior School)|29 new students|
|---|---|
|Relish Town Centre|11 new students|
|Relish International|22 new students|
|Relish Online|8 new students|
|Relish Hub (started from June 2021)|35 new students|
|**Total**|**105 new students**|
Relish English engages a number of different nationalities, we currently have students who are Afghani, Pakistani, Indian, Bangladeshi, Yemeni, Bulgarian, Polish, Turkish, Azerbaijani, Ukrainian, Asian with Spanish nationality, Asian with Italian nationality, Asian with Norwegian nationality, Congolese, Albanian, Libyan and El Salvadorian.
## **How our activities deliver public benefit**
The trustees confirm that they have had regard to the Charity Commission's guidance on public benefit when setting the objectives and assessing their activities. The public benefit for the transformation of the Cotton Exchange will be very significant indeed. This could revolutionise attitudes both to Blackburn and in Blackburn and will be useable by all sections of society without any exclusions.
Relish English delivers very clear public benefit.
## **Financial review**
The results for the year and the state of the charity's affairs as at 31 March 2022 are set out in the financial statements following. During the year the charity received income of £ 94,016 (2021 £76,888) and had outgoings of £97,602 (2021 £54,631), leaving a net deficit of £ 3,586 (2021 - Surplus £22,257).
## **Reserves policy**
The trustees have assessed the charity's reserves requirements and have agreed that free reserves equal to 3 months' operational expenditure should be maintained which amounts to around £15,000.
## **Payment to Trustees**
Our constitution states at paragraph 6:
(1) " Benefits and payments to charity trustees and connected persons", that no charity trustee or connected person may sell services, unless the payment is permitted by sub clause 2 of this clause, which states that:
(a) A charity trustee may receive a benefit from the CIO as a beneficiary of the CIO provided that a majority of charity trustees do not benefit in this way.
(b) A charity trustee or connected person may enter into a contract for the supply of services to the CIO where that is permitted in accordance with, and subject to the conditions in, section 73A to 73C of the Charities Act 1993.
No trustees received any benefit from Re:Source Blackburn CIO.
**t** 07377 63033 **e** info@exchangeblackburn.org.uk **w** www.exchangeblackburn.org.uk
5
Registered address: The Exchange, 71-73 King William Street, Blackburn, BB1 7DT
## **RE:SOURCE BLACKBURN Trustee's annual report for the year ended 31st March 2022 (continued)**
## **Statement of trustees responsibilities**
Law applicable to charities in England and Wales require the trustees to prepare the financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
- a. select suitable accounting policies and apply them consistently;
- b. make judgements and estimates that are reasonable and prudent;
- c. state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
- d. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Approval**
This report was approved by the trustees on 29th September 2022 and signed on their behalf by:
……………………………
John James McGregor - Chair
**t** 07377 63033 **e** info@exchangeblackburn.org.uk **w** www.exchangeblackburn.org.uk
6
Registered address: The Exchange, 71-73 King William Street, Blackburn, BB1 7DT
## **RE:SOURCE BLACKBURN**
## **Independent examiner's report to the trustees of Re:Source Blackburn**
I report to the trustees on my examination of the financial statements of Re:Source Blackburn for the year ended 31st March 2022.
## **Responsibilities and basis of report**
The charity's Trustees are responsible for the preparation of the financial statements. The charity's Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011( the 2011 Act ) and that an independent examination is needed.
It is my responsibility to:�
- (i) examine the financial statements under section 145 of the 2011 Act;�
- (ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- (iii) to state whether particular matters have come to my attention.
## **Basis of independent examiner's Statement**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:�
- (a) which gives me reasonable cause to believe that in any material respect the requirements:
- (i) to keep accounting records in accordance with section 130 of the 2011 Act; and�
- (ii) to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act;�
- have not been met or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial
- (b) statements to be reached.
**Oliver J Grills FCA for and on behalf of J A Fell and Company, Chartered Accountants**
Date:30/9/2022
40 Hoghton Street, Southport, PR9 0PQ
**t** 07377 63033 **e** info@exchangeblackburn.org.uk **w** www.exchangeblackburn.org.uk
7
Registered address: The Exchange, 71-73 King William Street, Blackburn, BB1 7DT
## **RE:SOURCE BLACKBURN**
## **Statement of Financial Activities**
## **for the year ended 31st March 2022**
|**Note**
**INCOMING RESOURCES**
2
Other trading activities
3
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
Charitable activities
5
**TOTAL RESOURCES EXPENDED**
**NET INCOME BEFORE TRANSFERS**
**Gross transfers between funds**
Total funds brought forward
13
Total funds carried forward
13
Donations and grants|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2022**
**2022**
**2022**
**£**
**£**
**£**
34,900
42,765
77,665
15,211
1,140
16,351
50,111
43,905
94,016
54,691
42,911
97,602
54,691
42,911
97,602
**(4,580)**
**994**
**(3,586)**
6,060
(6,060)
789,884
15,724
805,608
**791,364**
**10,658**
**802,022**|**Total**
**Funds**
**2021**
**£**
76,344
544|
|---|---|---|
|||76,888|
|||54,631|
|||54,631|
|||**22,257**
783,351|
|||**805,608**|
All of the above results are derived from continuing activities. All gains and losses recognised in the year are included above.
The notes on pages 10 to 14 form part of these financial statements.
**t** 07377 63033 **e** info@exchangeblackburn.org.uk **w** www.exchangeblackburn.org.uk
8
Registered address: The Exchange, 71-73 King William Street, Blackburn, BB1 7DT
## **RE:SOURCE BLACKBURN**
## **Balance Sheet**
## **as at 31st March 2022**
|**Note**
**FIXED ASSETS:**
Tangible assets
6
**CURRENT ASSETS:**
Debtors
7
Cash at bank and in hand
**CURRENT LIABILITIES:**
Creditors due in less than one year
8
**TOTAL ASSETS**
**THE FUNDS OF THE CHARITY:**
Unrestricted funds
11
Restricted funds
12|**2022**
**£**
788,507
-
17,039
17,039
(3,524)
**802,022**
791,364
10,658
**802,022**|**2021**
**£**
789,282|
|---|---|---|
|||1,981
15,587|
|||**17,568**
(1,242)|
|||**805,608**|
|||789,884
15,724|
|||**805,608**|
The financial statements were approved and authorised for issue by the trustees on 28/09/2022 and signed on their behalf by:
……………………………
John James McGregor - Chair
The notes on pages 10 to 14 form part of these financial statements.
**t** 07377 63033 **e** info@exchangeblackburn.org.uk **w** www.exchangeblackburn.org.uk
9
Registered address: The Exchange, 71-73 King William Street, Blackburn, BB1 7DT
**Notes to the Financial Statements for the year ended 31st March 2022**
## **RE:SOURCE BLACKBURN**
## **1 Accounting policies**
## **Charity information**
Re:Source Blackburn is a Charitable Incorporated Organisation registered with the Charity Commission
## 1.1 **Basis of Preparation**
The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice (SORP FRS102) issued in October 2019 , the Financial Reporting Standard applicable to the United Kingdom and the Republic of Ireland (FRS 102) and the Charities Act 2011.
The charity is a public benefit entity as defined by FRS102.
The financial statements are prepared in sterling, which is the functional currency of the charity.
## 1.2 **Fund Accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds would comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund will be set out in the notes to the financial statements where applicable. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund will be set out in the notes to the financial statements where applicable.
## 1.3 **Income and Gift Aid**
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received.
Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify a performance condition it is recognised in income when the proceeds are received or receivable.
## 1.4 **Expenditure**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. Premises and other overheads have been allocated according to the level of activity undertaken throughout the year.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
**t** 07377 63033 **e** info@exchangeblackburn.org.uk **w** www.exchangeblackburn.org.uk
10
Registered address: The Exchange, 71-73 King William Street, Blackburn, BB1 7DT
## **RE:SOURCE BLACKBURN**
## **Notes to the Financial Statements**
**for the year ended 31st March 2022 (Continued)**
## **1 Accounting policies (Continued)**
## 1.5 **Taxation**
The charity has operated in accordance with its charitable objects and is therefore exempt from taxation.
## 1.6 **Going Concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue, therefore the financial statements have been prepared on the going concern basis.
## 1.7 **Tangible fixed assets**
Individual assets acquired at a cost of more than £500 which are intended for use on a continuing basis in the charity's activities have been capitalised. Depreciation is provided using the following rates to reduce, by annual instalments, the cost, less estimated residual value, of the tangible assets over their estimated useful lives:
Land and buildings 0% per annum on cost Fixtures and equipment 20% per annum on the net book value
## 1.8 **Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## 1.9 **Related parties**
There were no related party transactions during the year
## **2 Income from donations and grants**
|**Current year**
Donations
Grants received
**Prior year**
Donations
Grants received|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2022**
**2022**
**2022**
**£**
**£**
**£**
34,900
1,500
36,400
-
41,265
41,265
34,900
42,765
77,665
**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2021**
**2021**
**2021**
**£**
**£**
**£**
30,131
-
30,131
11,903
34,310
46,213
42,034
34,310
76,344|**Total**
**Funds**
**2021**
**£**
30,131
46,213|
|---|---|---|
|||76,344|
||||
**t** 07377 63033 **e** info@exchangeblackburn.org.uk **w** www.exchangeblackburn.org.uk
11
Registered address: The Exchange, 71-73 King William Street, Blackburn, BB1 7DT
## **RE:SOURCE BLACKBURN**
## **Notes to the Financial Statements**
## **for the year ended 31st March 2022 (Continued)**
|**3**
**Other trading activities**
**Current year**
Rents received
**Prior year**
Rents received|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2022**
**2022**
**2022**
**£**
**£**
**£**
15,211
1,140
16,351
15,211
1,140
16,351
**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2021**
**2021**
**2021**
**£**
**£**
**£**
544
-
544
544
-
544|**Total**
**Funds**
**2021**
**£**
544|
|---|---|---|
|||544|
||||
|**5**
**Cost of charitable activities**
**Current year**
Wages and salaries
Rent and insurance
Repairs and equipment
Consumables
Administration and subscriptions
Light and heat
Rates and water
Website costs and marketing
Bank charges
Telephone and internet
Consultancy and legal fees
Travel
Event costs
Training costs
Sundry costs
Accountancy & independent examination
Depreciation|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2022**
**2022**
**2022**
**£**
**£**
**£**
12,778
18,632
31,410
12,657
1,140
13,797
15,227
4,822
20,049
-
-
-
1,922
339
2,261
3,995
310
4,305
1,917
-
1,917
1,200
2,848
4,048
-
-
-
703
-
703
-
13,820
13,820
118
-
118
81
1,000
1,081
405
-
405
1,191
-
1,191
930
-
930
1,567
-
1,567
54,691
42,911
97,602|**Total**
**Funds**
**2021**
**£**
18,486
14,685
1,307
46
205
3,132
1,495
7,170
1
829
730
-
-
2,857
1,012
915
1,761|
|---|---|---|
|||54,631|
**t** 07377 63033 **e** info@exchangeblackburn.org.uk **w** www.exchangeblackburn.org.uk
12
Registered address: The Exchange, 71-73 King William Street, Blackburn, BB1 7DT
## **RE:SOURCE BLACKBURN**
## **Notes to the Financial Statements**
## **for the year ended 31st March 2022 (Continued)**
|**Cost of charitable activities**
**Prior year**
Wages and salaries
Rent and insurance
Repairs and equipment
Consumables
Administration and subscriptions
Light and heat
Rates and water
Website costs and marketing
Bank charges
Telephone and internet
Consultancy and legal fees
Travel
Event costs
Training costs
Sundry costs
Accountancy & independent examination
Depreciation|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2021**
**2021**
**2021**
**£**
**£**
**£**
11,126
7,360
18,486
12,505
2,180
14,685
1,307
-
1,307
46
-
46
205
-
205
3,132
-
3,132
1,495
-
1,495
3,400
3,770
7,170
1
-
1
829
-
829
-
730
730
-
-
-
-
-
-
325
2,532
2,857
386
626
1,012
915
-
915
373
1,388
1,761|
|---|---|
||36,045
18,586
54,631|
## **6 Tangible fixed assets**
|**Tangible fixed assets**|||
|---|---|---|
|**Cost**
At 31st March 2021
Additions
At 31st March 2022
**Depreciation**
At 31st March 2021
Charge for the year
At 31st March 2022
**Net book value**
At 31st March 2022
At 31st March 2021|**Land and**
**Fixtures and**
**Buildings**
**Equipment**
**£**
**£**
782,236
8,807
-
792
782,236
9,599
-
1,761
-
1,567
-
3,328
782,236
6,271
782,236
7,046|**Total**
**£**
791,043
792|
|||791,835|
|||1,761
1,567|
|||3,328|
|||788,507|
|||789,282|
## **7 Debtors**
|Other debtors
VAT|**2022**
**£**
-
-
-|**2021**
**£**
-
1,981|
|---|---|---|
|||1,981|
**t** 07377 63033
**e** info@exchangeblackburn.org.uk
13
**w** www.exchangeblackburn.org.uk
Registered address: The Exchange, 71-73 King William Street, Blackburn, BB1 7DT
## **RE:SOURCE BLACKBURN**
## **Notes to the Financial Statements for the year ended 31st March 2022 (Continued)**
## **8 Creditors due in less than one year**
|VAT
PAYE
Other creditors
Accruals
**Employment costs**
Wages and salaries
Social security costs
Other pension costs
The charity employed 3 part-time administration staff members and other workers
employee earned over £60,000 in the year and no trustee received any remuneration.
**Employees and trustees**|**2022**
**2021**
**£**
**£**
249
-
1,953
-
422
342
900
900
3,524
1,242
**2022**
**2021**
**£**
**£**
30,774
18,049
-
-
636
437
31,410
18,486
irregularly during the year. No|**2021**
**£**
-
-
342
900|
|---|---|---|
|||1,242|
|||18,486|
## **9 Employees and trustees**
## **10 Related Party Transactions**
There were no related party transactions during the year that require disclosure.
## **11 Statement of funds**
|Unrestricted funds
Restricted funds
Total funds
**12**
**Restricted funds**
Blackburn with Darwen
Architectural Heritage Fund
Youth Action
Allchurches Trust
Near Neighbours
Essere
Relish Hub|**Balance**
**at 1 April**
**2021**
**£**
789,884
15,724
821,332
**Balance**
**at 1 April**
**2021**
**£**
11,124
4,600
-
-
-
-
-
15,724|**Income**
**Expenditure**
**Transfers**
**£**
**£**
**£**
50,111
(54,691)
6,060
43,905
(42,911)
(6,060)
94,016
(97,602)
-
**Income**
**Expenditure**
**Transfers**
**£**
**£**
**£**
10,000
12,064
(6,060)
14,250
18,850
-
6,365
6,365
-
8,650
2,500
-
1,000
1,000
-
1,640
542
-
2,000
1,590
-
43,905
42,911
(6,060)
**Movement in year**
**Movement in year**|**Balance**
**at 31 March**
**2022**
**£**
791,364
10,658|
|---|---|---|---|
||||802,022|
||||**Balance**
**at 31 March**
**2022**
**£**
3,000
-
-
6,150
-
1,098
410|
||||10,658|
The transfer between funds represents the net book value of office equipment transferred from restricted to unrestricted funds.
**t** 07377 63033 **e** info@exchangeblackburn.org.uk **w** www.exchangeblackburn.org.uk Registered address: The Exchange, 71-73 King William Street, Blackburn, BB1 7DT
14
## **RE:SOURCE BLACKBURN**
## **Notes to the Financial Statements**
**for the year ended 31st March 2022 (Continued)**
|**13**
**Analysis of net assets between funds**
Fixed assets
Net current assets|**Restricted**
**Unrestricted**
**Total**
**2022**
**2022**
**2022**
**£**
**£**
**£**
-
788,507
788,507
10,658
2,857
13,515
10,658
791,364
802,022|**Total**
**2021**
**£**
789,282
16,326|
|---|---|---|
|||821,332|
**t** 07377 63033 **e** info@exchangeblackburn.org.uk **w** www.exchangeblackburn.org.uk Registered address: The Exchange, 71-73 King William Street, Blackburn, BB1 7DT
15