Re,ll£JfftOto Registered Charity Number 1183488 RE..IGNITE (Acharitsble Incorporated oantK)n1 ACCOUNTS ANDTRLISTEES. REPORT FOR THE YfAA ENDED 31st March 2024 t 07890586 È info@exchangeblackburn.oru.uk http'.IlrÈignlte.church Public addre5s-.The Exchange, 71-73 nEw11rM 5treeL BL)&thurn. 8BI 7DT
RE.TrE Index fr¥rthE yearended 315t f¥larch 2024 Referen and administratNe information Trustees, report IndepEndent exarninerfs rert Statement of finanoal activittes 8alance sheet Notes to the financlal statements 9-12 t 0789) 586056 e info@exChan8eblackrn.Qyg.uk w http..I/reirte.chUrch Publicaddre55'.The Exchange. 71-73 rqlIk)mStrrf Bl•*bum. B8170T
Re,tlgfflfjto RE..IGNrrE Referente and admirhistratr¥e imfomwttyi t¢r the yearended 315¢ March 2024 Trustees.. DrA Murdoch IPem)anerrtTrusteel Mts S Farinha Mrsj Mftthell Mr Kwatson Administrators.. Mr5 S Dent Charity number: 1183488 Operatlonal address: The Exthange 71-73 King William Street Blackbum BBI 70T Re&stered office.. The Exchange 71-73 knng Willk4m Street Blackbum BBI 7DT Bankers.. Santander UK PIC 2Tiiton &uafe Regent's Plate Londo NW13AN IndependÈnt Examiner. J A Fell & Company CharteredAccount3r 40 Hoghton Street Southport PR9 OPQ Solicitors= Mounteney &)IKitors knmited 22The Br3rnh311 Centre 8rarnhall StockFort Cheshire SK7 IAW t 07890586058 info@exchaweblackbum.org.uk w hitp'.l/rei8nlte.churth Public address=The ex¢han8e, 71-73 knn8 W&liim streeL 8817DT
RE'.tGNThE Trustee's annual report lorthe yEarended 31sl March 2024 The charity 15 a charitable incorpDr3ted oTnIson lao) arJ Brned its constitirtion dated 20th May 2019. Thls constitlrtion estsblished the objects and powers of ihe charTty. wthoUt voting rnernbeTS other than ts trustee5. In the event of the charity bein8 wound up, t1 trustees are not required to coTrtribe to its assets and have pEr%Jnal re5pDnsibility far settling its debts and Pecrultmeni al apkX)intinrt of trustes Underthe constitution. apart from first charity tnE%tees. everytrustee must be appointed for a term of four years by a resolution passed at a properfy convened meetin8 of the charity trustee5. In Selecting individuals for appointment 35 charity trustees, the charity trustees have regard to the 5kn11s. kno¥AedEe and eXperiee needed foT the effertive admini5tratK)n of the CIO. 8usin2ss. leadeTship. teachinK rnedical. dentsl, entrepreneurial and churth adershiP skslls are well represented in ihe oJrrent trustees. The Permanent Trustee may be pawj as an empJoyEe of the drity. Trustee indudon andtrainin8 The th#rity trustees make available to each new Charbty trustee. ori or before h%5 or hey first ?ppointment a copy of the constitution and any amendments made to it and a copy of the ao's latest Trustees, Annual ReFxirt and statement of account5. Thi5 is added to by Intenve face-to-fao meetiw. Organlsadonal strutturÈ There are four trustees From varying professlonal b¥ckyourKf5 who meet rnonthty at least quarterty. They are responsible for the corporatE governance of the tharrty and tky take on Vary1 re5pon5ibilf£ies for the charity depending on their professional ba¢kEround and ski115. They work with the Re..Ignite Church leadÈr5hip team who are re5pon5ible for the leadershlp and strategic direction of the church. The leadership team meet infomialty rnostwee*& Re'.Ignite is a Christian Church affiliated to the Engelal Wliartt and Global Awakenin& It was started in SEpternber 2012 by Alast#ir andjanet Murdoch. who were released to pl8rrtthi%thurch bYStJar, Clitheroe. The obietts of the CIO are: The object of the CIO is the advancement the Chrisrian fatth fort public benefft in accordan bwththe ASt,5 Creed in such way5 and in suth parts of the United knn8dom or the world a5 the Trusrees from tlme to tlme may think fit including by tarrying out e¥an8eli5m, di5ciple5hip and chrtian missionary work localty to BladtlxEm, nationalty throughout the United Kin¢M, and abroad.. TheTrustee5 rnust use The income aThJ may usethe capital of the CIO in prornoting the Objects. t 0789) 586056 info@extharyblacrTr.V&Uk w httP..IlreiEnite.thurth Publlcaddress'.The Exchange, 71-73 rwIlaMstreeL Wackkxm, BBI 7DT
RE'.tGNITE TNstee's anmal report for the yearended 31sl March 2024 A¢e¥ements PerfofftMMe We continueto meet every Sundty momin& and at othertimes. in the IDwerBround floDrofThe Exthange, Blackburn. We have continued to Use YouTubeto live-Strearn. We have continued to rua Spirit C8fé Ihttp.'Ilreignite.thurcWspiritcafen in IAeeMaws. Spiri( Cafe is byJa£k Parkerwith Xeith Watson and sy13 Dent with a team 0112. We have seen peopk come to faith in Jesus. thesr tr)dies healed, people eing peace, people discovering God's arnazing unconditional Eove. arewekomel We have continued to run OJJT house forthe homekn In collaboran wrth Gfeen Pastures. Theteam is lead byjill Mltthell. Matt Parker is the Housing marger and Geoff Dent the assthnt housing mènaEer and Support Worker. We have had DnÈ man get part time Job, Eetting rea(ty to move out to independent liwng and several others helped to the next step toward5 independent livi aswell a$ several on a journey o*fatth. Our revival 8roups have rnorphed into two lar8er8roup5 from three smaltergroup5. Matt & J¥kne Parker and Virt0ri3 Fowlerare the aders of the twe 8r¢ups. Our other8roup."Esseniials" is led by Paulo and Sue Farinha. We had an amaiin8'W31king in the Miraculous" wtth thuck Parry from Bethel Healing Rooms in Morch.. many Feople were healed and tnany encoura8ed. How ouratllvrts dell¥er publc btnefft The trustees confirm that they have regard tothe Ctharity Cornmi55i0n'sBuidarKe OTh public beftefrtwhen settingthe objectives and a55essing theiractwrf(ie5. The public b2nefit. In the case of Re.'Ègnite the PU1( benefit of ouractwitEs Is to be found in the advancernent of the Christian laith in our weekty churth rneetin85 and othetlatth attivitie5 whith we organoe. In Ilne with the Charity comm5)n's8Uid8n¢e on puNic teThefrtfor ihe ad¥arKement ol rel10n. we wekomeanyone tojoin u5 at our meetings and desire that all would Erow in faith. We bave a focus on enabling peOe to worship. pray and minister1SkeJesus did. About 40 people join 4Js rewlarlyeach week and in mi(Sweek rneetings. Payment toTrustees Our constitution $t$ in patsgraph 6.. 111 'Befjefits and payments to charity trnstees and connerted persons". that rn charsty trustee or connetted petson may be employed, unlessthe payment permitted by sub clause 2 of thi5 dause. which statesthat: lal A charity trustee may receS¥e a benefrt from the ao as a 0ary of the ao provided that a majorfty of tharfty trustees do not benefrt In this wav. As per ParaEraph 9 ISI"The tharitytrustees may from time to tirre de5Wte and dtrdesignote one of their number who acts as the CIO'5 senior pastoral leader from time to time. rf any. to hold the role of -Permanent TNstee-. Our Pwmanent Trustee. Dr ASM k4ur(knch was employed and received £]4. in this financ4al year. t 07890 586056 info@exchangeblatkburn.yrg.uk w http Jlreignite.church Publlc addre5s.' The Exthany, 71-73 fingwillkirnstreet, Blackbjrn, BBI 7DT
Re. Qgffiioto RE:IGNrrE Tru5tee'5 annyal report fortheyear erknjed 315t Marth 2024 Fthartdal re¥lÉw This wès our fourth full yeaf in operdtion, after the actNitses of Re'.Ignire chr¢h was transferred from our sister chèrity Re'.Sovrce Blad(bum inte a separate Charitable Incorporated Organisation in May 2019. Duriog the period to 31st March 2024 we received regular income either directty to the banl or directty through the Cr055Payapp and the resultant glft aid clalms. The resultsforthe year and the state of the chariVs affairs as at 31 March 2024 are Sel out in the financial staternents following. During the ye3r the charity recewed donationsand gyants of £93.74212023.. £71,823) and other Iorne of El.17512023.' £1.3631. whilst expenditure amounted to £93.80312023.- £71.0561. leaving2 surplus forthe yeaTof [1,14412023.. £2,130). During the year thetrustees agreed that the income and ewr%sÈs of the thurth'5 artNitE5 with Hope FIou5in& which had preO1V been treated as a re5trirted fvnd, should be ireaied as part of the vAderactivTties of the church, and 5hDuld therefore forTll part of it5 unrestricted fund Reseryes w)Iky The trustees have a5se5sedthe charity's reserves requirements ènd haveawd thatfree reserye5 equal to 3 months, operational expenditure should be maintatned which amountsto around £22.1KK). Staiement of trustees respo$$ Law applicable to charities tn En8lané and Wa$ oquire the Inee5 to prepare the finaal staternentsfoT each finantial year which give a true and fairview of the £harty's financial activitie5 durrngthe yearand of tts financial pOSiOn at the end of the year. In preparingthose finanti31 statements, the tw#ees are requiTed to.. selett suitabk acwvntinE pOleS3nd applythem consLstently: make judgements and estimatesthat are reasonableand PnKIit state whether apICable accountinE Standards and statemenis ol recomrnerKled prarttce have been folbwed, subject to any departures disclosed and explained in the financial 5tsternents." aDd prepare the fin2ntial 5taternents on a gosng coreM bas it is inappropriate to presume that the charrty will continuÈ in oper3tKIn. The Trustees are responsible for keeping a(countir¥ records which dischxe wr(h feasonabk accura£y at any time the financlal sition of the charity and enabte them to ensure that the financvdl slaternents comply with rhe Charities Act 2011. They are rpOnsIblefOr safeguaroing the assets of the charty and heno fortakin8 reasonable 5tep5 forthe prevention and detection of fraud and other irregulareS. AppTovzI This reporrwas approved by the trustees0Tr 25th September 2024 and sw on their behalf by.. Dr A Murdoth- Trustee t 07890 586056 • info@exchangebL7ckburn.org.uk w http-.l/reignite.church publ address".The Exthange. 71-73 Xingwllram StreeL Blackbwn, BBI 70T
RE..IGNITE Independent examine$ rep(rtto the tru51ee50f Blackbum l $5)rt on the accounts of ihe charity forthe year ended 31 Maich 2024. wbth asetout on page5 7t0 12. Respertive responsibilities of trustees ar¥1 exarnin The Gharity's Trustees are responsible for the prepkratK)n of the finanual statements. The ch3ritVs Trustee5 consider that an 3udr( Is not required for this yèar under section 144121 of the tharities Act 20111 the 2011 Att l attd that an independent examination is needed. is my responslbility to.. lil exarnine thefinanaal Statements underseo3on 145 of the 2011 Act- lill to follow the procedures laid down in the general Directions given bythecharity CoFnmission urKrsection 14y5llbl of the 2011 Art.. and liiil to state whether partitsJL3r matters have cometo my attention. Basls of independent examinerfs Statement My exami110n was carried out in ac(danCe wtththe general DirectK)n5 given bythe Chavity Commi55K)n. An exarnination indvde5 review of the accounting records kept by the chartty and a comparison of the financial staternent5 presented with those record5. It also includes consideration of any unusual items or disclosure5 in the finanual statements, and seeking explanation5 from you a5 trustee5 concernin8 any such matter5. The prOdureS urmIertak do ntst provide all the ewdence that would be required in an audit and con5equendy no opiniofi i$8Nen as io whttherthe finarKial statements present a'twe and fairvie%¢ and the report is limited to those matters set out in the rxt5tstemenL Independent Èxaminels statsment In tonnecuon with my examination. no matter has cometo myatten*oTr'. lal which gNes me reasonable causeto believethat in any rnaterial respettthe reqU1Ments- lil to keep accountind record5 in accord3nce wtth5ecbon 130 olthe 2011 A¢. afid lill to preparefinanr5al statsments whT(h accord wrth theaccounting records and COmWith1he accounting requirements of the 2011 Act,. have not teen met or to which. in my opinion. attention should te drawn irkorderto enab a proper under5tsnding of the fina181 statementsto be reached. Oll¥erJ Grills FCA for and on behalf of J A Fell and Qjrnpanyi Chartered Attountants Date.. 40 Hoghton StreeL SouthporL PR9 OPQ 1 07890 5860S6 e Info@exchangeaCkbUrn.0. http.'Jlrei8nite.EhurEh Public addres5'.The ExthaDge. 71-73 nglIlM StyeeL BCrn, BBI 7DT
Re',l]oTrOft@ RE..IGNITE StateEnentof Finantial ActNiliEs for the yearended 3tst Marrh 2024 unrestri Restrkled Total Ur*estALted Restrfjcied Totsl Fund5 Funds Funds Funds Funds Funds 2024 2024 2024 2023 2023 2023 IPKOME FROM.. Donètions and grfts OthertradinE artivitie5 93.742 1.175 93.742 1.175 62.577 63 9,246 L300 71.823 1,363 TOTAL INCOME 94.917 94.917 62,640 10,546 73,186 EXPENDITURE ON: Raisrglunds charitab acMie5 63 64.871 93.803 6.122 70,993 TOTAL EXPENDilliRE 93.803 93,803 64,934 6,122 71,056 NET IExpeNDmJAÉI/ IPKOME L114 122941 4A24 2.130 Gross transfer5 between fund5 4.424 14,4241 Totsl funds broht forward 17.629 4,424 22,053 19,923 19.923 Tctsl fundscarried lorward 23,167 23.167 17,629 4A24 22,053 All of the above resuks are derlved from tonVnuir¥x artIt. Eairsand Ios5e5 recognised in the yearare included above. The noteson pages g to 12 fom) part of these finanoal slatement& t 07890 586056 e info@exchangeèlackburn.org.uk w httpllrel8nite.¢hurch Pyblic address.. The Exchan8e. n-73 Kin8bWliAm StreÈL Bn. BBI 70T
RE:IGNITE Bala1 Sheet asat 3tst March 2024 2024 2023 CURRENT ASSFES.. Stocks Debtors Cash at bank and in hand 100 5,906 19,438 25.444 IOD 6.842 17,446 24388 CURRENTLIA8ILmES: Credltors due in less than oneyear 12.2771 12.3351 23,167 21053 THE FUNDS OFTHE CHAfttTY: Unrestricted funds Restricted funds li li 23.167 17.629 4,424 23.167 2IOS3 The finandal ststements were approved and althorised for wue by the trustees on 25th September 2024 and on their behalf by= Dr A Murdoch-Trustee The notes on pages 9 to 12 fomi partof these finanoal statement& t 0784) 586056 e infD@ex¢han8ebladtburn.or&uk w http'./lreignite.churth PublK address.. tr* EXtha4 71-n Kin¥WIlf StreEL BlackJyJrn. 88170T
Re'.tlgffiJOt@ RE..IGNITE Notesto the Marb¢1#[Staternertts frr the yearended 3tst Marrh 2024 Accounting policRs Charity rrrformatio Re'.Ignite 15 a Charitsble Incorporated organit)n Tegistered with CharityCommi5yon 1.1 Bas15 of Preparatlon The finanaal statements have been prepared under the historical cost convention. The financtal statements have been prepared in accordance with the second edittort of the (tharities Ststement of Recornmended PrKtice ISORP FR51021 issued in October 2019, the Finanoal ReportinE Standard applIcabt0 the Vnited Kingdom and the Republic of Ireland IFRS 1021 and tho CharFties Art 2011. The charity is a pubfK benefit ent¢ty asdefined by FRSIO2. Thefinancial 5tsternents are wepared in Sterli whith i5tl funttional currew of the tharity. 1.2 Ful Ac¢ountl Unrestritted funds a avaikble for use at the ¢fscretion of the trustees in ftIrtherat of the gereral oblecDves of the charty nd which have not been designated for other purpo De5ign3ted fund5 would comprise unrestrKted furw that have been set by the trustees for partiwll3r pjrposes. The aim nd use of each desi8n3ted fund will set oirt in the not0 the financial statements where applicable. Restricted funds are funds which are to be used in accordance wrth speufic restrittions imposed by donors or which have been fa15ed by the charity for wrticular purposes. The cost of raising and adminisrering such funds are charged against the specific frJnd. The aim and use of each restricted fund wll be set out in AOtÈs to thefiThanoal $tsteMentswhe applKable. 1.3 It)¢ome and Gfft Akl All tncoming resouros aye irKluded in the SOFA when the charity legalty entitsed to the income and the amount can be quantifted wfth reasonable atcumy. Fo¥ lec5. ent5tkment is the earfier ot the d)arty being notffied of an Impendlng dl5tribLrtft orthe lÈgaty bein8 received. Gifts in kind donated for di5tributtorJ are irKluded at valuion and recoed as income when they are distributed to the projects. Glfts donated for resale a as income when they are 501d. Donzted fatilities are included at the value to the £harrty where thi% can be quantrfieil ènd a third party 15 bearing the cost. No amounts are Included in the financial statements for servKes donated ty¥dunteer& 1.4 Expendtture l expenditure accounted for on an accruaLs bast5 and has been dassifd under headin85 that ag8re8ate all costs reled to the category. Where costs cannof be dire£tty attribuled to parbcular headings they have been allocated to attivities on a basis ¢onsi5tent with use of the resour. Premises and other o¥erhead5 have been alloG4ted accordi tcs the level of attivity undertaken throughoLrt the year. Fun&raising costs are those tncurretl in seeknw volurtsry contributn$ and do not IaUde the costs of di55erninating information in 5UPPOrt of the charitable artiwtties. Gtsvemance costs are those incurred tn connettyon wth admlnistration of the harty end compliance wsih constitutio[1 ar¥J 5tatutoryiequirement& 1.5 TuaOn The charity has operated in accordan wrth its charltse objectsand istherefts exempt frorn taxation. t 078 586056 * info@exchangebllickburn.org.uk http-.//reignlte.chur¢h Publk addrèSS..ThÈ Exchange. n-T3 Kkn8Willk?m Str•L Blxkbum. BBI 7DT
RE:IGNITE Notestothe Financial Statements lorthe year emded 3ts1 March 2024 Icorrtinuedl l A¢¢ountkng polityes Icontinuedl 1.6 Gn$COnCern At the tirne of approving the finanoal sratements. the trustees have a reaSo[bIe expertation that the charity has adequate resource5 to continue. thereforethefinancral ststements have been prepared onihegoing concem bag 1.7 Related parties DuriDÉ the year the charity made donations irf £19.037 12023 £12.5081 arxl kwvided an interest-free loan of £l.(KIO 12023 £5,acK)I to Resource 81ackbum. Two of the trusteesof Re:18nite aye also tsu5teesof Resource Blackbtsrn. Intomefrom donatityb and gifts Funds 2024 Funds 202> Funds 2023 Funds 2023 2024 Don3tions Grants reived 91,642 91,642 62,577 9.246 71,823 93,742 93.742 62.577 9,246 71,823 Othertradlngartfvltks Urritted Restrkted Totsl Unrestrktsd Restrirted Totsl Funds Funds Futhds Fund5 Funds Funds 2024 2023 2023 Sales of books Rent receNed 63 63 1,3(YJ 1.363 Total Funds 2023 1.170 1.170 1.300 1.175 1.175 1,300 UnrestrKted RestrKted TO Unrestritted Re5triLtsd Funds Funds Funts Funds Fuftds 20Z4 20Z4 Z024 2023 2023 63 Cost of raiwngfund5 Openin8 St£k¢f books Book5 purchased clng stock of bJoks i(N) 100 63 iiooi 63 63 11(M)I 11001 63 C051 of ch4ritJble artivth5 FLbThds Funds 2023 2024 2024 1024 2023 2023 Wages and salaries Rent and insurance Hope Housing- furniture and repairs Hope Hous¢n8- Utillties Hope Housing- Council Tax Hope Housing-seneral expenses Subscriptions Consumables Office equipment and ststionery Tdephone Sundry costs Marketingfees Event costs Accountancy & independent exarninion Training cost5 Bank charÉes Grantsand donations made Ipote 61 29,036 8,655 2,160 3.058 1,646 471 2.325 29.036 8.655 2,160 3.058 24,810 8.478 24,810 8.478 613 2.695 1.565 1,249 2.036 613 2,695 1,565 1,249 471 2325 2,036 90 150 1,454 1,166 2,287 497 150 3TI 745 497 150 377 745 1,454 1,166 2,287 336 2.219 336 2.219 2.945 12 37,408 93.803 2,945 12 37.408 93.803 24,417 64.871 24.417 70.993 6.122 t 078g) 586056 Info@exchangeblackburn.or8.uk w httPj/lwrte.chur¢h Publicaddress'.The Exchange. 71-73 Klne William streeL BLxkbum. 88170T io
Re"OgTrfft@ RE:IGNITE Notesto the Fan(la1 Statemer forthe year ended 31st Marth 2024ICorbtimuedl Gwts donatiorks made AtrhJ5 Funds 2023 Fund$ 20 Furkd5 2023 2024 2024 Grantsto Institutio & I1S Re.'Source Blackbum The Stirring Christian5 *in5t Poverty EvanBelical Wliance Rlse Jndrydonation5 24.037 720 1.2CXI 24.037 6,720 12508 6.72Q 1,2LXJ 12,508 6,720 1,200 2,314 1,675 24,417 2.314 1,675 24.417 3A51 37.408 3.851 37.408 5toths 2024 2013 Book StkS 100 loo Debtors 2024 2023 Loan to Re-sour Grft Aid receNable 5.000 1,824 6.824 5,906 5.906 Credltorsdue In Sesstlwh One 20Z4 2013 Taxation and 50Ci315ecurity Accruals 1,677 1,735 600 2,335 2,277 10 Employees a#dtru#tes The charity employed 3 part-tlme administratFDn staff rrEmber5 during Ehe year. No emp]oyee eamed overÉ60,OtKI in theyear and rK) trustee received any remuneration. 2024 2023 Ernploymentcosts Waees and salaries Social securitycost5 Other pension costs 29,036 24.810 29,036 24.810 During the year Dr A. Mur(h)d). a tnjstee of the charrty, received a salary of £I4.9Cl2o23 £6.7501 for his work 85 t1 senior pastoral leader of the church. t 0789) $86056 e info@exch8ngeblackburn.org.uk w http'.l/reigThite.church Publicaddress'.ThÈ Exchary. 71.73 KingWillvamStrÉYL Blacktrrtrn. BBI 7DT li
Re'"OgfjoOt@ 11 ststement of lund5 BalarrtÈt 01-Apr Balarc¢ at Mnent SThyear 11-Mai Incthne Eyndttur¢ Trnrth 2024 Unrestricted funds RestrKted fund5- Hope Housing 17.629 4.424 94.917 I93,3) 4,424 14,4241 23.167 Total funds 22.053 94.917 193.8031 23,167 The funds for Hope HowinB have been transferred from restrided to unrestricted funds. on the basis that the atte5 of Hope Housing are part of thewider mtsSn of churth, and Should therefo¥e be treated as unfestricted funds. t 07890 58CQ56 1nfo@exchangebckbUrn.OT.uk w http J/rei8nite.church Public address". The Exchange. 71-73 n8111)M StreeL Wackburn. BBI 7DT 12