2025-03-31-accounts

Retssource Registered Charity Number 1151318 RE:SOURCE BLACK8URN IA Charitable Incorporated Organisationl ACCOUNTS AND TRUSTEES, REPORT FOR THE YEAR ENDED 31st March 2025 t 07377 63033 e [e-mail] w www.ey¢hangebl8ckburn.org.uk Registered addre55'. The Exchange, 71-73 King William Street, Blackbum. BBI 7DT

Re",Source RE:SOURCE BLACKBURN Index for the year ended 31st March 2025 Page Referente and administrative infomiation Tru5tee5' report Independent examiner's report Statement of flnantlal activities Balance sheet Notes to the financial statements 9.14 t 07377 63033 [e-mail] w www.exchangeblackbtsrn.org.uk Reglstered address.. The Exchange, 71-73 King William Street. Blackburn, BBI 7DT

Retssource RE:SOURCE BLACKBURN Reference and administrative information for the year ended 31st March 2025 Trustees: Mr J McGregor Mrs J Murdoch Mrs J Mitchell DrA Murdoch Mr D S Bamber Dr H LalDin Chair Appolnted 25.2.25 Charity number.. 1151318 Operational address.. The Exchange 71-73 King William Street Blackburn 8817DT Reglstered office: The Exchange 71-73 Kln8 William Street Blackburn BBI 7DT Bankers: The Cooperative Bank pl¢ PO 8ox 101 l Balloon Street Manchester M60 4EP Independent Examiner.. J A Fell & Company Chartered Accountants 40 Hoghton Street Southport PR9 OPQ Sollcitors.. Mounteney Sollcltors Llmlted 22 The Bramhall Centre Bramhall Stockport Cheshire SK7 IAW t 07377 63033 e [e-mail] w www.exchangeblackbum.org.uk Re81Stered address.. The Exchange, 71-73 King William Street. Blackburn. BBI 7DT

Retssource RE.'SOURCE BLACKBURN Trustee's annual report for the year ended 31st March 2025 Strurture. governance and management The charity is a charrtable incorporated organisation ICIOI and governed by its constitution 21st March 2013. Thls 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 responslbility for settling its debt5 Rècruitment and appolntment of trustees Under the constitution, apart from the first charity trustees, every trustee must be appolnted for a term of foL¢r years bv resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charitv trustees, the charlty trustees have regard to the skllls, knowledge and experlente needed for the effective administration of the CIO. Business, leadershlp, teachlng, medlcal, dental, entrepreneurlal and church leodership skills are well represented In the current trustees. Trustee Indurtion and tralnlng The charity trustees make available to each new charlly trustee, on or before hSs or her flrst appointment a copy of the constitution and any amendments made to It and a copy of the CIO'S latest Trustees, Annual Report and statement of accounts. Th15 is added to by Intenslve face-to.face meetlngs. Or8an15atlonal structure There are slx trustees from varying professlonal back8rounds who meet at least quarterly. They are responslble for the strategic direction and policy of the tharity. They take on varying responsibilities for the charlty depending on thelr profe5slonal background and skills. Objectives and acllvltles The primary objectives of the chzrity are.. to further or benefit the residents of Blackburn wlth Oarwen and the nelghbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by 3550ciating tO8ether the said residents and the local authorltles, voluntary and other organlsatSons in a common effort to advance education and to provide facilities in the interests of social welfare for recreation lelsure tlme occupation wSth the objectSve of improvlng the conditions of life for the resldents. In the particular furtherance of the object outlined in this Clause the trustees shall have power (but not the obllgationl to establish or secure the establishment of a community centre and to maintain or manage or co-operate wlth any statutory authority in the malntenance and management of such a centre for activities promoted by the charity in furtherance of the object outlined in this clau5e,' to relleve slckness and preserve health among people residing permanently or temporarily in Blackburn with Darwen. to advance the Christian religion for the benefit of the public in accordance with the doctrine outllned in the apostle's creed. t 07377 63033 e [e-mail] w www.exchangeblackburn.org.uk Reglstered address.. The Exchange, 71-73 King William Street, Blackburn, BBI 7DT

Re,Source RE.'SOURCE BLACKBURN Trustee's annual report for the year ended 31st March 2025 Icontlnued} Achievements and Perfomance The charity purchased the former Cotton Exchange on 4th September 2015, rescued it from continued derelirtion by repairs to roofs and window5 and temporarily refurbished the lower ground floor to make it usable. This was achieved by 1st May 2016. The upper floor ha5 been able to host 600 people since April 2017. Re:Ignite Church continues to be based at The Exchange, 81ackburn, meeting there on Sunday mornings and their licence to use the lower floor of the Exchange restarted in June 2021. There are six Trustees who continue to develop as a team focused on seeing the restoratlon of the Exchange Building for the ultlmate beneflt of the people of Blackburn with Darwen. We are developing excellent external partnershlps to further adv15e and support the work of the Trustee Board. We are beneficiaries of a generous grant from Blackburn with DanKen Borough Councll whlch has meant that during the financlal year ending March 2025 we made a number of decisions that would signlficantly progress the objectives of the charSty- We eommlssloned a totsl spend of £1.5m to commence later In 2025 whlch would dellver the refurblshment of the Tower Area, elements of the 19205 extension, open up acces5 to all three levels and install restroom facilitie5, These planned works have In turn required the team to make the dlfflcult decislon to tease our ongolng program of events, brlnglng our income streams down to minlmal leve15 whlch in turn will not support the continued employment of a management team and staff. We made this detlsion early to allow the team members to seek alternatlve employment and asslsted where it Is p0551ble to create alternative opportunltles for the team. Whlle we are preparing for the refurblshment works for the Tower we are gearing up to submit an Expression of Interest to National Lottery Herltage Fund to access a Development Grant and Delivery Grant to continue the restoratlon of the Exchange Bulldlng. How our actlvltles dellver public beneflt The trustees conflrm that they have had regard to the Charity Commlsslon's guidanee on public benefit when setting the oblectives and assessing thelr actSvltles. The publlc benefit for the transformation of the Cotton Exchan8e will be very slgnif5cant Indeed. This could revolutlonise attitudes both to Blackburn and In Blackburn and wlll be useable by all sectlons of socletv wlthout èny exclusions. Flnan¢lal revlew The result5 for the year and the state of the charity's affairs as at 31 March 2025 are set out in the flnancial statements following. During the year the charlty received Income of £ 346,30512024 £254,989) and had outgolngs of £112,129 12024 £206,687), leaving a net surplu5 of £234,176 12024-surplus £48,302). The grant received from Blackburn with Darwen Councll of £1,312,953 for refurblshment has been carried fonKard for matching against the expenditure funded by the grant which the tharity will incur in 2025126. Reserves pollcy The trustees have asse55ed the charity's reserves requirements and have agreed that free reserves equal to 3 months, operational expenditure should be malntalned which amounts to around £15,000. Payment to Trustees Our constitution states at paragraph 6.. 111 ' Benefits and payments to charity trustees and connected persons", that no charity trustee or connected person may Sell services, unle55 the payment is permitted by sub clause 2 of thls clause, which state5 that.. lal A charlty trustee may receive a benefit from the CIO as a beneficiary of the CIO provlded that a malorlty of charlty trustees do not benefit in this way. Ibl A charity trustee or connected person may enter into a contract for the supply of servlces to the CIO where that Is permltted in accordance with, and subject to the conditions in, section 73A to 73C of the Charities Act 1993. No trustees recelved any benefit from Re.'Source Blackburn CIO. t 07377 63033 e [e-mail] w www.eychangeblackbum.org.uk Registered address.. The Exch?nge, 71-73 King William Street, Blackburn, BBI 7DT

Re"Source RESOURCE •UCK8UAM IN th• ￿llendId Jlrt M•tth 1015 Imntlnutdl Lw appllc4ble io thlrltlts In Eniland and Wlles requlre the trustees to prepare the ItnandJl statements lor exh Iln•n¢lal year whlth ￿ve a tnje and laSr vlthv ofthe tharfvs finandal attmtles durfng the ye•f ind of Its Ilnanclll posltlon at the errfl of thè yèar. In those fini￿111 statèments, the trustees are requlred to: select sultsble account1￿ pallde5 and apply them consSstently,' makè lud8tments and *s￿MItt$ that are rea￿￿•ble and pwdent,. stsie wheiher appllcable accoun￿￿ standards and statements ol ￿E0Th￿nended practl£e have be¢n followeil, subJert t¢ any deparnjros dlsdosed and eyplalned In th¢ ftmrdal ststemenls; and piepire the fmandl s¢atements on • goln8 COTr￿1n ￿31$ unless It Is Inapproprlaie to pièsume that ihe thaTIty ￿11 conunue In operntlon. The Ynstees Ire reSp)n￿ble for keeplng aca)unlln8 records whlth dlsclose wlth reasonable accurncy It any tlme the fiNnd•l iilon of the chadty aThJ enable them to ensure ihat the finar￿al sratements comply wlth the tharltles Art 2011. Ttw a resm)nslbk lor MIeg￿rdIng the assets of the th•dty ind hence for taklng rtasonable steps lor the pre¥entlon and detecdon of ud ind ol￿r Irrtgularflles. 2D Thls rep)rt was approved by the trusiees on.-....... ......... and sl8Md on thtlr b4h?11 b¥: john James M¢Gf¢8Of - Chalr t 07377 63033 Info@exth3n8ebla¢kburn.org.uk w ¥¥w.exchangeb1ackburn.o￿Uk Re8lsteTed addTe55: The Ex(hart8e, 71-73 KID8 Wllliam Street, 81ackbum, BBI 70T

Re".Source RE:SOURCE BLACKBURN Independent examlner's report to the trustees of Re:Source Blackbum I report to the trustees on my examination of the financial statements of Re-source Blackburn for the year ended 31st March 2025. ResponslbilltSes and basis of report The charity's Trnstees are responsible for the preparation of the financial statements. The charlty's Trustees consider that an audit is not required for this year under section 144121 of the Charities Act 20111 the 2011 Act l and that an independent examination is needed. It is my responsibility to.. examine the financial statements under section 145 of the 2011 Act,. to follow the procedures laid down in the general Directlons glven by the Charity Commission under section 14515llbl of the 2011 Act; and to state whether particular matters have Come to my attention. Basls of independent examlner's Statement My examlnatlon was carrled out In accordance wlth the general Directions given by the Charlty Commlsslon. An examination Includes a review of the accounting records kept by the charlty and a comparlson of the financial statements presented with those records. It also includes consideratlon of any unusual Items or dlsclosures in the financial statements, and seeking explanatlons from you as trustees concernlng any such matters. The procedures undertaken do not provlde all the evidence that would be fequired in an audit and consequently no opinlon is 8iven as to whether the financial statements present a 'true and falr view, 3nd the report15 Ilmlted to those matters set out In the next statement. Independent examlner's statement In connecdon wlth my examlnatlon, no matter has come to my attenlon,. whlch glves me reasonable cause to belleve that In any materlal respect the requlrements.. lil to keep accounting records in accordance with section 130 of the 2011 Act,. and 1111 to prepare financial Statements which accord with the accounting records and Comply wlth the accounting requirements of the 2011 Act,. have not been met or Ibl to which, in my opinion, attentlon should be drawn In order to enable a proper understandlng of the financlal statements to be reached. Ollver J Gri115 F for and on behalf of J A Fell and Company. Chartered Accountants Date: 40 Hoghton Street, Southport, PR9 OPQ t 07377 63033 e [e-mail] w www.exchangeblackburn.org.uk Registered address.. The Exchange, 71-73 King William Street, Blackbum, BBI 7DT

Re."Source RE:SOVRCE BLACKBURN Statement of Financial Adivitle5 for the year ended 31st March 2025 Unrestricted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 Note INCOMING RESOURCES Donations and Erants Other trading attivities Investments TOTAL INCOMING RESOURCES 14,045 8,982 24 23,051 323,254 337,299 8,982 24 346,305 232,476 22,513 323,254 254,989 RESOURCES EXPENDED Charltable actlvitles Other expenses TOTAL RESOURCES EXPENDED 13,100 10,530 23,630 88,499 101.599 10,530 112,129 206,687 88,499 206,687 NET INCOME 8EFORE TRANSFERS 15791 234,755 234.176 48,302 Transfers 14 263,201 1263,2011 Total funds brought fornard 13 804,825 39,821 844,646 796,344 Total funds carrled forward 13 1,067,447 11,375 1,078.822 844.646 All of the above results are derlved from contlnulng actlvltles. All gains and losses recognlsed In the year are included above. The notes on pages 9 to 14 form part of these flnancial statements. t 07377 63033 e [e-mail] w www.exchangeblackburn.org.uk Registered address: The Exchange, 71-73 King William Street, Blackburn, BBI 7DT

Re'.Source lIE￿)￿￿(E •LACXBURN I•￿4 Shrtl Bi •13tst X115 2025 1024 FIXED ASSETS.. T•wlblt Assets lJJ31,705 830,156 CURAENT ASSETS: 0￿￿r% Cjsh at ￿rtk Ind In hind 10.420 1.347,987 1.363.407 16.6S6 14J( CURRENT LIABiunES: Credliory due In less th•n one yeaf io I1.316.￿1) 13,9101 TOTAL ASSErs IHE FUNDS OF THE OIAArrY: Unrestrlctetl funds Ae5tr1dod funds 13 14 1.067,447 IlJ7S 04￿25 39,821 201i.p..IzK The fi￿nd•1 suiemonts w•r• approved and authorlsed loi Issue by the irusi••s on.-.... slined on iheli ￿hll ￿.. John J•ms MEGre8or- Chalr The notes on y8e$ 9 10 14 Iofm part ol ihese Ilninclal Stsl¢meftu. 07377 $3033 Inlo@eMth¥ngblackbum.or8.vk w www.exchanieblacktr￿rn.trr¥.uk Re8lst¢red address.. The E*¢hanie. 71.73 Kln8 Wllllam SIYteL BlaCkbU￿ 88170T

Re"Source RE:SOURCE BLACKBURN Notes to the Financial Statements for the year ended 31st Marth 202S Accountlng polides Charlty Information Re:Source Blackburn is a Charitable Incorporated Organisation registered with the Charity Commission Basls 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 ISORP FRS1021 issued in October 2019 , the Financial Reporting Standard applicable to the United Kingdom and the Republic of Ireland IFRS 1021 and the Charities Act 2011. The charlty is a public beneflt entity as defined by FRSIO2. The financial 5tstements are prepared in sterlin81 which is the function81 currency of the charlty. Fund Accountlng Unrestricted funds are available for use at the discretlon of the trustees In furtherance of the general objectives of the charlty and which have not been designated for other purposes. Designated funds would comprise unrestricted funds that have been Set aside by the trustees for partlcular purposes. The aim and use of each designated fund will be set out In the notes to the financial statement5 where applicable. Restrlcted funds are funds which are to be used in accordance wlth speclflc re5trlctions Imposed by donors or whlch have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged agalnst the specSfic fund. The aim and use of each restrirted fund will be set out in the notes to the financlal statements where appllcable. Income and Glft Ald All Incomlng resources are included In the SOFA when the charity is legally entltled to the income and the amount can be quantified with reasonable accuracy. For legacies, entltlement is the earller of the charlty belng notlfied of an Impending distributlon or the legacy being received. Gifts in kind donated for dlstrlbution are Included at valuatlon and recognlsed as Income when they are distrlbuted to the projects. Glfts donated for resale are included a5 income when they are 501d. Donated facilltle5 are Included at the value to the charity where this can be quantlfled and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers. Grant Income Grants received that are performance-related or sublect to speclflc service dellvery conditlons are recognlsed as Income In the perlod In whlch the related services are provided. Where a grant is recelved in advance of the seivS¢e dellvery perlod. it Is deferred and recognlsed as a Ilablllty in the balance sheet. Income is then released to the Statement of FlnancSal Actlvltles ISOFAI on a systematic basis over the period in which the charity delivers the agreed services. reflecting the pattern of the charity's fulfilment of Its obligatSons under the grant agreement. t 07377 63033 [e-mail] w www.exchangeblackburn.org.uk Registered address-. The Exchange, 71-73 King William Street. Blackburn, 8BI 7DT

Re."Source RE:SOURCE BLACKBURN Notes to the Flnancial Ststements for the year ended 31st March 2025 Icontlnued) Accounting policies Icontirtuedl 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 partlcular heading5 they have been allocated to activities on 8 basis consistent with use of the resources. Premises and other overheads have been allocated accordlng to the level of activity undertaken throughout the year. Fund-raislng costs are those incurred in seekln8 voluntary contributlons and do not Include the costs of disseminating information In support of the charitable activities. Governance costs are those Incurred in connectlon with dministratlon of the charity and compliance with constitutlonal and ststutory requirements. Taxatlon The charlty has operated in accordance wlth Its charltable objects and Is therefore exempt from taxatlon. GolnB Concern At the time of approving the financial statements, the trustees have a reasonable expectatlon that the charSty h35 adequate resources to continue, therefore the flnancial statements have been prepared on the golng concern basis. Tangible flxed assets Individual assets acquired at a cost of more than £500 whlch are Sntended for use on a continuing basls Sn the charity's actlvities have been capitalised. Depreclatlon Is provlded using the followlng rates to reduce, by annual instalment5, the cost, less estlmated residual value, of the tangible assets over their estimated useful lives.. Land and bL¢lldinBs Fixtures and eqLsipment 0% per annum on cost 20% per annum on the net book value Stock Stock is valued at the lower of cost and net realisable value. i.io Retlrement benellts Payments to defined contrlbutSon retlrement benefit schemes are chargefj as an expense as they fall due. i.ii Deferred income Amounts received in advance of entltlement are recorded as deferred income wlthin credltors. These amounts are subsequently recognised as income when the charity becomes entitled to the funding through the delivery of the specified seNlces. 1.12 Related parties Detalls of related party transactlons are In note 12 to the accounts. Income from donatlons and grants Current year Unrestrirted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 Donations Grants received 14,045 14,045 323,254 337,299 22,207 210,269 232,476 323,254 323,254 14,045 t 07377 63033 e [e-mail] w www.exchangeblackburn.orE.uk Registered addres5: The Exchange, 71-73 King William Street, Blackburn, BBI 7DT io

Re(3Source RE,.SOURCE BLACKBURN Note5 to the Flnanclal Statements for the year ended 31st March 2025 (Continued) 2 cont. Income from donations and grants Prlor year Unrestricted Restricted Fund5 Funds 2024 2024 Total Funds 2024 Donations Grants received 22,207 1,000 23,207 22,207 210,269 232,476 209,269 209,269 Other trading activities Current year Unrestrlcted Restrlcted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 Rents recelved Café sales Book sales 8,502 153 327 8,982 8,502 153 327 8,982 22,064 449 22,513 Prior year Unrestrlrted Restrlrted Funds Funds 2024 2024 Total Funds 2024 Rents received Café sales 22,064 449 22,513 22,064 449 22,513 Investment Income Current year Unrestrl¢ted Restrlrted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 Bank Interest recelved 24 24 Cost of charltable actjvlties Current year Unrestricted Restrlrted Funds Funds 2025 2025 Total Funds 2025 Total Funds ZOZ4 Wages and salaries Rent and Insurance Repair5 and equipment Consumables Administration and subscrlptions Light and heat Rates ar¢d water Webslte costs and marketing Bank charges Telephone and Internet Consultancy and legal fees Travel Event costs Trainlng costs Sundry costs Accountancy & independent examination Donations Depreciatlon 44,453 7,590 7,145 44,453 8,131 7,145 171 345 17,603 5,622 2,011 42 1.286 67,363 9,347 18,929 928 1,636 15,382 3,347 3,430 541 171 345 1.170 373 2,011 16,433 5,249 39 1,201 85 992 67,269 1,965 3,868 2,915 2,428 950 1,420 4,513 45S 341 455 341 560 194 3,661 2,728 4.221 2,922 1,032 5.819 1,032 5,819 13,100 88,499 101.599 206,687 t 07377 63033 [e-mail] w www.exchangeblackburn.org.uk Registered addre5s'. The Exchange, 71-73 King William Street. Blackburn. BBI 7DT li

Re"Source RE:SOURCE BLACKBURN Notes to the Financial Statements for the year ended 31st March 2025 (Continued) 5 cont. Cost of charltable activities Prior year Unrestricted Restrirted Funds Fund5 2024 2024 Total Funds 2024 Wages and salarie5 Rent and insurance Repairs and equipment Consumables Administration and subscrlption5 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 examinatlon Donatlons Depreciatlon 67,363 67,363 9,347 18,929 928 1,636 15,382 3,347 3,430 9,347 18,929 928 565 15,382 3,347 1,071 3,430 992 992 67,269 1,965 3,868 2,915 2,428 950 1,420 4,513 206,687 67,269 1.815 3,519 2,915 1,428 150 349 1,000 950 1,420 4,513 38,948 167,739 Other expenses Unrestrirted Restrlrted Funds Funds 2025 2025 Total Funds 2025 Book costs Less: closlng stock 15,530 15,0001 10,530 15,53D 15,0001 10,53Q Fixed Assets Land and FSxtures and Buildings Equipment Total Cost At 31st March 2024 Additions At 31st March 2025 Depreclation At 31st March 2024 Char8e for the year At 31st March 2025 Net book value At 31st March 2025 At 31st March 2024 818,009 200,738 1,018,747 22,565 6,530 29,095 840,574 207,268 1,047,842 10,318 5.819 16,137 10,318 5,819 16,137 1,018,747 818,009 12,958 12,247 1,031,705 830,256 2025 2024 Stock Stock of books 5,000 t 07377 63033 [e-mail] w www.exchangeblackburn.org.uk Registered address: The Exchange, 71-73 King William Street, Blackburn, B817DT 12

Re",Source RE:SOURCE BLACKBURN Notes to the Financial Statements for the year ended 31st March 2025 Icontlnuedl Debtors 2025 2024 Other debtors VAT 10,420 10,420 1,644 io Creditors due in less than one year 2025 2024 Deferred income PAYE Other creditors Accruals 1,312.953 2,478 532 900 3,910 2,437 900 1,316,290 li Employees and trustees The charity employed 3 part-tlme admlnistratlon staff members and other workers Irregularly during the year. No employee earned over £60,000 in the year and no trustee received any remuneration. 2025 2024 Employment costs Wages and salaries Social securlty costs Other pension Costs 43,933 66,198 520 44,453 1,165 67,363 Iz Related PartyTransactlons During the year the charity recelved donatlons from Re:18nlte Church of £12,00012024 £24,037) and rental Income of £6,78512024 £6,785). The charlty also recelved an Interest-free loan from Re'.Ignlte of £15,000 whlch was repald In the year. Two of the trustees for Re'.18nlte are also Trustees of Re.'Source. Statement of funds Balance at l Aprll 2024 13 Balance at 31 March 2025 Movement In year Expendlture Income Transters Unrestrlcted funds Restrlcted fvnds 804,825 39,821 23,OSI 323,254 123,6301 263,201 188,4991 1263,2011 1,067,447 11,375 Total funds 844,646 346,305 1112,1291 1,078,822 14 Restrl¢ted fund$ Balance at l April 2024 Balance at 31 March Movement In year Expendlture Income Transfers 2025 B13ckburn wlth Darwen National Lottery Heritage Fund 272,047 51,207 323,254 37,292 51,207 88,499 1223,3801 139,8211 1263,2011 11,375 39,821 39,821 11,375 The charity has expended £263,201 of restrlcted funds on the acquisition of fixed assets in accordance with the terms of the relevant funding. As these assets are now capitalised on the balance sheet and will be L¢sed for the charity's general purposes over their useful life, a corresponding transfer of £263.201 has been made from restricted funds to unrestricted funds. This transfer reflects the release of the restflction, as the funds have been applied in line with donor intent and the assets are no longer subject to specific restrlctions. t 07377 63033 e [e-mail] w www.exchangeblackburrs.org.uk Registered address.. The Excharsge, 71-73 King William Street, Blackburn, 8817DT 13

Re"Source RE:SOURCE BLACKBURN Notes to the Flnanclal Statements for the year ended 31st March 2025 {Continuedl 15 Analysis of net assets between funds Restricted Unrestrlcted 2025 2025 Total Z025 Total 2024 Fixed assets Net current assets 1,031,705 35,742 1,067,447 1,067.447 11,375 1,078,822 830,256 14,390 844,646 11,375 11,375 t 07377 63033 [e-mail] w www.exchangeblackburn.org.uk Registered address.. The Exchange, 71-73 King William Street, Blackburn, BBI 7DT 14