REGISTERED COMPANY NUMBER: CE009778 (England and Wales) REGISTERED CHARITY NUMBER: 1172329 Report of Ihe Trustees and Unaudited Financial Statements for the Year Ended 30 June 2024 for RESURRECTIOIY TRADING B20 Limited Chartered Certified Accountants Charwell House Wilsom Road Alton Hampshire GU34 2PP
RESURRECTION TRADING Contenls ofthe Financial Statements for the Year Ended 30 June 2024 PAge Report of the Trustees Independent Examiner's Report Stalement of Flnancigl Activities Balance Sheet Notes lo the Finanelgl Slatements 10 to 14 Detailed St4temen¢ of Flnanelal Activities 15
RESURRECTION TRADING Report of the Trustees for the Year Ended 30 June 2024 The truslees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Praciice applicable 10 charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (efTective l January 2019). OWECTIVES AND ACTIVITIES Objectives and aims Resurrection Trading known as Resurrection Fumiture (RF) began in 2017 as a charity furniture shop in Alton High Street. PvIOuslY the Parish had run a Saturday furniture market each month from the Parish Centre. In 2022 we moved to new premises al 21 b High Street. Resurreclion Furnilure (RF} is an independent charity with a Board of Trustees. Members of the charity are also members of the PCC. The purpose of the charity is to raise funds though the selling of donated furniture and household goods: For the relief of financial hardship for the public benefit To advance the education of young people up 25 years old. according to Christian principles To maintain and improve the heritage buildings belonging to the Parish of the Resurreclion for the public benefit To sUPPOrt the repair. recycling and reuse of home and workplace item5 lo r¢duce waste For the relief of unemployment by employment or providing training or work experience for young adults or students
RESURRECTION TRADING Report of the Trustees for the Year Ended 30 June 2024 OWECTIVES AND ACTIVITIES Significvdnt activities Our core activity is the sale of furniture and home goods from our High Street shop. During the year ther¢ has been steady increase in sales to an averdge of £2850 per week in June 24 compared lo £2500 this time l&sl year. As a resuli, we have been able to give grants of nearly £50.000 to many charities and improved our operations in the shop across the board. This has Ixen due to many factors that are highlighted in this retK)rt. Management In July 23 we w¢lcomed Natasha Perrin &s manager. an experienced manager especially in sales. Natasha quickly settled in and proves 10 be an excellent leader and organiser. Her calm etTicient manner and inclusive siyle has been an importanl part ofour resulis lo dale. Volunteers Our volunteer force is now 60 strong divided between shop volunieers. repairers and van drivers and lifters. Many have a regular shift each week. some just help on occa5ion5. Everyone seems to enjoy their time at RF and feel that they are making a difference. We are groteful to all of them and for their part in this yearfs success. This year for the first lime we have sei up a work experience programme with Alton College and encourage students lo join u5 in Ihe holidays to help cover for our volunteers who are away. Shop layout Shop layout has improved thanks lo the skills of Natasha and Gemma Allman - wtth a new window display area sel up by Mike Loxley and others and our volunteer teams who label. sort. move and display item5 every shift when the van arrives with a differenl load of goods. The window displays are changed every week led by Elaine Cook and Sue Hubbard with festivals and special events giving interest to the High Street shoppers. Deliveries and Collections Our van drivers and lifters are a key part of the operdlion led by Tim Codling. The van goes oul on four mornings per week, rain or shine. collecting and delivers all over North Hampshire and sometimes further afield. Unfortunalely, we have had significant mechanical problems with the van that required a new engjine and clutch. Many thanks to Tim for sorting il all oul and keeping th¢ service going wilh renled vans when needed. It is certainly an inieresiing job driving around Alton and the villages, m¢¢ling new people and keeping the shop stocked. The workshop Our workshop leam continue to refresh and enhance furniture and th¢ quality of what we sell. li is lovely io see i*ms restored and shining on sale in the shop - very much at the core of our repair reuse and recycle mantra. Thanks lo Mike Hannan for the PAT testing and our team leader Mike Loxley. Si Lawrence Church Monthly Market We coniinue lo display items for the Monthly Markel coordinated by Joyce. This year the amount added up lo £1576. Joyc¢ also leads our sale of Bric -a- brac from the shop and also al auction. This supplements our sales of furniture and increases footfall with regular customers visiting each week. Publicity Natasha leads the team ably supported by Sue Hubbard (newsletter) Jacqui Falder {Facebook} and Nick Htnson (websile). We are tncreasingly using Alion Now and other Social media to increase public awareness. The trustees have approved the use of two strap lines. for use in addition to "Quality and affordable home goods". These ' Supporting our local community and . Reuse, recycle. resurreci!It This will help customers and others understand our purFx)ses better. RESURRECTION TRADING
RESURRECTION TRADING Report of the Trustees for the Year Ended 30 June 2024 0ECTIVEs AND ACTIVITIES Grgnts Given Last year, to June 2024 we allocated nearly £50.0(Ki in grdnts io the following.. Alton Arts Festival: Help to set up inaugural event £2.500 Alton Climate Action Nelwork: Funding for administrative support £1500 Alion College: Support for youth Food Bank £500 Alion Town Council: Wam winier lunch £lOOO Andrews Endowed School: For school trips. IT upgrades and spiritual garden £3000 Christians Against Poverty Debt Relief: Expanding service provision (part l of 2) £5,500 Cardiac Rehab: For cardiac exercise s¢ssions £ l O(K) Dementia Friendly Alton: Start-up grani for increased wcial provision £1500 Dogs for Autism.. Supporting training and allocalion of dogs £ l 000 Parish of ihe Resurrection: Public Fooath essential improvements £5.000 Parish of the Resurrection: Towards salary of Youth Leader (part l of 3) £140IXI The Pink Place.. Support for adults aftected by cancer £1000 Parish of the Resurrection: Eco Church - Environmental improvements within Parish £2000 St. Lawrence School: School trip subsidies £ I OIM) si. Michael's Hospice: Home treatments for Alion residents £5000 The King's Arnis: Grani towards rent for Alton premises (part 3 of 3) £2500 Parish of the Resurrection.. The Parish Monthly Market Sale value of items sold in the shop £1576 As well as giving several smaller grnnts we were ple&sed to be able to increase our support for the Parish of the Resurrection by 41Y/o annually lo help fund the cost of a youth worker for a further three years and also io begin a Iwo- year fundingy agreement with CAP (Christians Against Poverty) to expand their debi management programm¢ to meet rising demand A mileslone: Resurrection Furniture Grants reach £ I00.O(KI! June 2024 was the month when we reached the milestone of giving a total of £ 100.000 in grants since RF opened in 2017. This is a fantastic achievemeni and all due to our past and present volunteer leam. Nearly all of our 8fdnls go lo organisation5 in Alton and ihe surrounding communilies. We are proud to be able lo have supported our Parish and our community over the last seven years.
RESURRECTION TRADIi¥G Report of the Trustees for the Year Ended 30 June 2024 FINANCIAL REVIEW Fingneial position Donations of Furniture Our success is dependent on the donations of furniture and other items that we receive. I want to thank wholeheartedly the many people who have donated ilems lo us this year and so allowed the recycling journey to begin. Thank you to those who have gift aided items - it increases our income subsLqntially. W¢ hope that by offering a wide range of home goods we can maintain the geTJerous level of suppxirt thal w¢ receive day in and day out. Finance Thanks to improved management. a stsble volunteer force, continuing donations and strong demand we are in a good position financially. The figures for the year w¢re' Sales £145,000 Costs £82,500 Extraordinary expendilure £1 0,000 costs for repairing the van Poteniial funds for grants £ l (Xl.000 Last year was the firsi full trading year in the new shop with a 5thble team in place and this has led io an increased surplus to give away in grants. We realis¢d that we needed to be cleareT about our grant giving policy so we have agreed 10 allocate a percentage of the surplus to each of our charitable objectives. We have also agreed a new application process for grant requests whilst encouraging our own volunleers to nominate charities they would like us to support. Approximat¢ allocation of an assumed grant fund of £70.000 each year by charitable objective theme. Youth work includin&y education 300/0 £21000 Su51aining Heriiagie buildings 200/0 £14000 Financial Hardship l 00/0 £7000 The Environment l(P/o £7000 The Community 150/0 £10500 Other 150/0 £105(K) Reserves policy "The I"rustees have agreed a reserves policy of £40,0(X) representing six months rnnning costs. FUTURE PLAIYS In summary we have had a successful year. Thank you lo our loyal volunteers. Thank you lo our customers who often say that our shop is a great addition to the High Street. We have been blessed to be able to support a wider range of local charitie5 and causes. Our plan is to continue with all the actions listed in this rert and so grow our surplus for the benefit of the Parish and lh¢ community. We also plan to assess the ¥x)tential for on- line selling. We look forward to continued success next year.
RESURRECTION TRADING Report of the Trustees for the Year Ended 30 June 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document Resurrection Trdding was establish¢d a5 a Charitable IncortK)rated Organisation (CIO) to trdde as Resurrection Fumiture from premises in the High Street. The Parochial Church Council (PCC) of the Parish of the Resurrection gave its approval and support early in 2017. The Constitution and charitsble objects were established and approved by the Commission on 29th March 2017. The CIO is structured to create an autonomous charity, controlled by its Trustees. but with links to the Parish of the Resurrection. This is enabled because the members of the CIO, who appoint the Trustees and receive annual rewrts from them, are the rnembers of the PCC. Since our first year's trading was completed in early July. the financial year was set to end on 30th June. Resurrection Trading meets the definition of a public benefit entlty under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). Deeision making Last November we thanked Ruth Randall who retired as a Trustee when she and Gordon moved from Alton. In Sepiember 2023 we welcomed Gemma Allman as a Truslee and in March 2024 we welcomed Paul Adair as a Trustee. Paul has a background in IT and banking and Gemmil brings experience of retail business. We also were delighted io appoint Chris Scawen as Treasurer to take over from Robin. Chris had already taken on Gift Aid. Thank you also to Truslees Der¢k, Robin and Tim for their hard work. knowledge @nd leadership of ihe whole team. During the year we meet regularly to review perfomance, check our finances and plan ahead. We regularly review our policies and procedures and importanl issues such as strategic plannin¥, health and safety and risk management. REFERENCE AND ADMINISTRATIVE DETAILS Re%islered Company number CE009778 (England and Wales) Reglstered Charlty nUmr 1172329 Registered offlce 21 B High Streei Alton GU34 IAW Trustees D Gurney R Lees J M K Hubbard T Codling R Randall (resigned 21.09.23) P Adair (appointed 20.03.24) G Allman (appointed 21.09.23)
RESURRECTION TRADING Report of the Trusttts for the Year Ended 30 June 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner B20 LiMid Chartered Certified ACCOUnLts Charwell House Wilsom Road Alton Hampshire GU34 2PP Approved by order of the board of trusi¢¢s on ........... and signed on its behalf by: Hubbard- Tr
Independent Examiner's Report to the Trusttts of RESURRECTION TRADING Independenl examiner's report to the trustees of RESURREcfioN TRADING {'the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024. Responsibilities gnd basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the r¢quirements ofthe Companies Aci 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audiied under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Seclion 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner's st4tement I have completed my examinaiion. I confirni that no matters have come to my attention in connection with the examinalion giving me cause to believe: accounting records were not kept in respecl of the Company as required by Section 386 of the 2006 Act. or the accounts do nol accord with those records; or the accounts do not comply with the accounting requirements of Seclion 396 of the 2(K)6 Act other than any requiremeni that the accounts give a true and fair view which is not a matter considered &s part of an independenl examination. or Ihe accounls have not tieen prepared in accordance with the methods and principles of the Ststement of Recommended Prnctice for accounlin8 and rewrting by charilies (applicable 10 charities preparing iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir¢land (FRS 102)). I have no concerns and have come across no other matters in connection with ihe examination io which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Mrs Caroline Scull BA FCCA B20 Limited Chartered Certified Accountants Charwell House Wilsom Road Alton Hampshire GU34 2PP Date: ........ J/tt/201
RESURRECTION TRADING Statement of Financial Activities for the Year Ended 30 June 2024 30.6.24 Unrestricted fund 30.6.23 Total funds Notes INCOME AND ENDOWMENTS FROM Gift Aid claimed 6.241 3,302 Other trading activities 145.493 130 718 Total 151734 134.020 EXPENDITURE O Raising funds 81.269 93,424 Charitable getivities Upcycling 510 79 Grants given within the Parish of the Resurrection 43.5 29,871 Other 675 Total 130270 NET INCOME 25,690 3,750 RECONCILIATION OF FUNDS l otsl funds brought forward 98.790 95.040 TOTAL FUNDS CARRIED FORWARD 124,480 The notes forni part of these financial statements
RESURRECTION TRADING Balance Sheet 30 June 2024 30.6.24 Unrestricted fund 30.6.23 Total funds Notes FIXED ASSETS Tangible assels 10,897 14,512 CURRENT ASSETS Debiors Cash ai bank and in hand 2.977 116248 3.546 119.225 85,900 CREDITORS Amounts falling due within one year (5,642) {1.622) NET CURRENT ASSETS 13.583 TOTAL ASSETS LESS CURRENT LIABILITIES 124,480 98,790 NET ASSETS 124 480 FUNDS Unrestricted funds 124480 TOTAL FUNDS 124480 The charilable company is entitled to exempiion from audit under Section 477 of the Companies Act 2006 for the year ended 30 Jun¢ 2024. The members have not required the company to obtain an audit of its financial stalemenls for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their respon5ibilitie5 for (a) ensuring thai the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which gtve a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requiremenls of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Acl 2006 relaling to financial statements. 50 far as applicable to the charitsble company. (b) These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statem¢nts were approved by the Board of Trustees and authorised for issue on . and were signed on its behalf by: K Hubbard - rustee The notes fonn part of these financial statements
RESURRECTION TRADING Notes to the FiD4ncial Ststements for the Yevdr Ended 30 June 2024 ACCOUNTING POLICIES Basis of preparing the fingneial statements The financial slatemenls of the charitable company, which is a public benefil entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Ac¢ounting and Reporting by Charities: Slalement of Recommended Practice applicable lo charities preparing their accounts in accordanc¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'Th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under th¢ historical cost convention. Income All income is recognised in the Statement of Financial Aclivities once the charity has entitlemenl to the funds, it is probable that the income will be received and the amount can be measured reliably. Expendilure Liabilities are recognised as expenditure as 500n as there is a legal or constructive obligation committing the harity lo that expenditure. it is probable that a transfer of economic benefits will be Tequired in settlement and Ihe amount of Ihe obligation can be measured reliably. Expenditure is accounted for on an accruals basis and h&8 been classified under headings that aggregate all cost related to ihe category. Where costs cannot be direcily attributed to particular headings they have been allocaled to aclivilies on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commilment but not accrued as expendilure. Tangible fixed assets Depreciation is provided at the following annual rdies In order 10 write off each asset over its estimated useful life. Fixtures and fittings Motor vehicles Computer equipment 250/• on cost 25/0 on cosl 330/0 on cost Taxation The charity is exempt from corporation tax on its charitable tiVitIeS. Fund accounling Unrestricted funds can be used in accordance with th¢ Charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. R¢striclions arise when specified by the donor or when funds ar¢ rnised for particular restricted purw)ses. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements, Hire purchase and leasing commitmenty Rentals paid under operaEing leases are charged to the Statement of Financial Activities on a straighi line basis over Ihe period of the lease. Pension costs and other p05t-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the haritable company's pension schem¢ are charged to the Statement of Financial Activities in the period to which they relate.
RESURRECTION TRADING Notes lo the Finaneial Stalements- continued for the Yegr Ended 30 June 2024 OTHER TRADING A1VITIEs 30.6.24 30.6.23 Shop income 145,493 130718 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after charginW(crediting)'. 30.6.24 30.6.23 Depreciaiion - owned assets Other operating leases 3,615 38,241 4,820 39,780 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for ihe year ended 30 June 2024 nor for the year ended 30 June 2023. Trus¢tts' expenses There were no expenses to Trustees. incurred duringy the perfomance of their duties as trustees, paid for the year ended 30 June 2024, nor for the year ended 30 June 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Gift Aid claimed 3,302 Other trading aclivities 130718 Total 134 020 EXPENDITURE ON Raising funds 93.424 Charitable activiti Upcycling 79 Grants given within the Parish of the Resurrection 29,871 Other Totgl 130270 NET INCOME 3,750 RECONCILIATION OF FUNDS Tothl funds brought forward 95,040
RESURRECTION TRADING Notes to the Finaneial StalemeDts- continued for the Year Ended 30 June 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- Continued Unrestricted fund TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS Fixtures Molor vehicles Computer equipment fittings Totals COST At l July 2023 and 30 June 2024 262 670 DEPRECIATION Ai l July 2023 Charge for year 1,209 13.100 3.615 670 14.979 At 30 June 2024 16.715 670 NET BOOK VALUE At 30 June 2024 53 At 30 June 2023 53 14,459 DEBTORS: AMOUNTS FALLIIYG DUE WITHIN ONE YEAR 30.6.24 30.6.23 Other debtors Prepayments 1,242 1.837 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.24 30.6.23 Social security and other laxes Accrued expenses 1,786 632
RESURREcfioN TRADING Notes to Ihe Financial Stalements- continued for the Year Ended 30 June 2024 MOVEMENT IIY FUNDS Net movement in funds Al 30.6.24 At 1.7.23 Unrestricled funds General fund 98,790 25,690 124,480 TOTAL FUNDS 124,480 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 151.734 (126.044) 25,690 TOTAL FUNDS 151734 126 044) Comparallves for movement In funds Net movement in funds At 30.6.23 At 1.7.22 Unrestricted funds General fund 95.040 3,750 98.790 TOTAL FUNDS Comparalive net movement in funds, included in the above are as follow5: Incoming resources Resources expended Movemenl in fund5 Unrestricted funds General fund 134,020 {130.270) 3,750 TOTAL FUNDS 134.020 130,270)
RESURRECTION TRADING Notes to the Financial Statements- continued for the Year Ended 30 June 2024 MOVEMENT IN FUIYDS- continued A curreni year 12 months and prior year 12 months combined sitIon is as follows: Net movement in funds At 30.6.24 At 1.7.22 Unrestricted funds General fund 95.040 29,440 124,480 TOTAL FUNDS 124480 A currenl year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 285.754 (256.314) 29.440 TOTAL FUNDS 285 754 256314) io. RELATED PARTY DISCLOSURES The Parish of the Resurrection is a related party and receives grnnts from the charity in pursuil of the Charity's aims and objectives.
RESURRECTION TRADING Detsiled Ststemenl of Financial Aclivilies for the Year Ended 30 June 2024 30.6.24 30.6.23 INCOME AND ENDOWMENTS Donations and legacies Gift Aid Claimed 6.241 3,302 Other trading activities Shop income 145,493 130718 Total ineoming resources 151,734 134,020 EXPENDITURE Charitable activities Upcycling c0515 Grants to inslitulions 510 79 44.100 29.950 Support costs Management Wab)es Pensions (hher operating leases Water and Wasle Insurance Light and heat Telephone Postage and stationery Advertising Sundries Van costs Shop display and maintenance Motor vehicles 14,893 230 38.241 1,431 1,214 ,267 674 .233 ,229 462 14,530 907 22.133 392 39,780 3,803 5.509 3.754 717 595 1,957 297 8.182 606 79,926 92,545 Finance Bank charges 1.192 879 Other Professional fees Set up costs 151 450 151 6,146 Governance Costs Accountancy and legal fees 675 750 Tothl Tesources expend¢d 130,270 Nel income 25.690 3,750 This page does not fonn part of the slatutory financial statements