OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

RESOUND TRUST

TRUSTEES REPORT AND FINANCIAL STATEMENTS for the year ended 315 MARCH 2023

Charity Registration Number 294924

RESOUND TRUST Contents

Haeeee ee

Trust Information : 1
Independent Examiner's Report to the Trustees 2
Trustees’ Report 3-5
ReceiptsandPaymentsAccounts 6-7

RESOUND TRUST Reference and Administrative Details of the Charity, its Trustees and Advisers

Ee ae I Ee Aer oO ee ees ys peace or AP So a er eae

:

Governing Instrument

Trust Deed dated 2 June 1986

Change of Charity name: Bristol Christian Fellowship to Resound Trust Trustees

Fellowship to Resound Trust Supplemental Deed dated 29 July 2012 Mr M Baker = Mrs S Bennett Mr N Carter Mr J Cannan — resigned 3 April 2023 Mrs L Knowles Mr R Porter — appointed 10 May 2023 Mrs K Odi — appointed 10 May 2023 Resound Blackhorse Road Mangotsfield Bristol BS16 9BP Tel. (0117) 3050969 office@resoundbristol.co.uk _ Number 294924 Cooperative Bank Plc \ Kings Valley Yew Street : Stockport Cheshire SK4 2JU Kingdom Bank Ltd Ruddington Fields Business Park : Mere Way : Ruddington “NG11 6JS CAF Financial Services Ltd 25 Kings Hill Avenue : Kings Hill West Malling Kent ME19 4TA Ecology Building Society 7 Belton Road Silsden Keighley West Yorkshire BD200EE Examiner Andrew Jordan, FCA Haines Watts, Chartered Accountants Bath House 6-8 Bath Street : Bristol BS1 6HL Star Legal Solicitors 40 High Street Thornbury f poeS35 2AJ,

Office

Charity Registration Number

Bankers

----- Start of picture text -----
Independent Examiner
----- End of picture text -----

----- Start of picture text -----
Solicitors
----- End of picture text -----

‘

1

----- Start of picture text -----
j
----- End of picture text -----

RESOUND TRUST Independent Examiner’s Report to the Trustees of Resound Trust Year ended 31 March 2023 aa A i es pee eh Se ees

| report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2023 which are set out on pages 6 to 7. Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). ary

| report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records

| have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Andrew Jordan FCA Haines Watts Chartered Accountants Bath House 6-8 Bath Street Bristol - BS16HL

----- Start of picture text -----
:
----- End of picture text -----

17 July 2023 ;

----- Start of picture text -----
2
----- End of picture text -----

RESOUND TRUST Trustees’ Report for the year ended 31 March 2023 EM a ae ee ee recite te ee ee _ Governing Document The Charity is governed by its Trust Deed dated 2 June 1986. A Supplemental Deed dated 29 July 2012 was implemented to change the name of the Trust from Bristol Christian Fellowship to Resound Trust. Statement of policies & description of organisation The Resound Trust's objectives are largely met through the activities of the Resound Church. A team of Leaders take responsibility for the life and health of the Church. Trustees are appointed by the Leadership Team, following recommendations from the existing Trustees and are taken through a standard induction process, which includes charity Commission guidelines and the current financial position of the charity. The Trustees are responsible for governance of the Trust, particularly its finances, buildings and equipment in accordance with the Trust deed. A management team comprised of staff members, has conducted the day to day management of the Trust's affairs. The activities of the Church are organised so as to encourage authentic Christian living realistically, day by day. This is facilitated by the Church meeting in small groups called discipleship groups, as well as meeting as a congregation on Sunday mornings.

Pioneer Network

Resound Church is part of the Pioneer Network. Resound leaders attend the Pioneer Network.

Woodlands Church

Resound is part of a local association of churches in order to maintain relationships with others in the area, as well as to connect with a more local level of resourcing. Woodlands Group of Churches is a large resourcing church in the centre of Bristol that Resound has had relationship with for many years.

;

The above represents no material change from the Church's previous objectives and policies.

Resound Community Outreach Programmes that are aimed at reaching into the communities of Mangotsfield, Emersons Green and Downend have been continuing to run smoothly. Our two volunteer detached youth workers continued to meet with young people on the streets for most of the year, but have taken a break, hoping to resume in 2024. Our youth workers have had a mentoring role at Downend School. The Kids Matter parenting courses continued, run by our Children and Families Worker, as well as Friday Homework Club, offering space and an inexpensive meal for parents and children to come, do homework and play some games. Our Toddlers Group and Foodbank continue to operate as normal.

:

Risk assessment

The Trustees have identified risks that the charity is exposed to and policies and actions to mitigate those are in place. This is captured in a formal risk register. Across all children and youth activities our Safeguarding Policy is actively enforced, including DBS checks on all key workers (voluntary & paid members). We have also implemented a vulnerable adult's policy. Health & Safety policies are in place at Resound, and are annually reviewed. All outdoor activities are subject to appropriate Health & Safety policies. : (OuectvesaAte llr Our vision: To be a community that loves and empowers individuals, loves and impacts the city, and actively cares for the world. The Trust Deed sets out the following objects and purposes of the Trust: The advancement of the Christian faith e _ the worship of God e preaching and proclaiming the Christian gospel e teaching Christian doctrine and principles e __ the pastoral care of Christian people The relief of those in hardship, need or distress, or who are aged or sick The advancement of advancement of of education on on the basis of Christian principles, basis of Christian principles, of Christian principles, Christian principles, principles, for both children and adults both children and adults children and adults and adults adults The strategies employed to meet these objects and purposes for the public benefit are described more fully in the achievements strategies employed to meet these objects and purposes for the public benefit are described more fully in the achievements employed to meet these objects and purposes for the public benefit are described more fully in the achievements to meet these objects and purposes for the public benefit are described more fully in the achievements meet these objects and purposes for the public benefit are described more fully in the achievements these objects and purposes for the public benefit are described more fully in the achievements objects and purposes for the public benefit are described more fully in the achievements and purposes for the public benefit are described more fully in the achievements purposes for the public benefit are described more fully in the achievements for the public benefit are described more fully in the achievements the public benefit are described more fully in the achievements public benefit are described more fully in the achievements benefit are described more fully in the achievements are described more fully in the achievements described more fully in the achievements more fully in the achievements fully in the achievements the achievements achievements and performance section. ; {

The advancement of advancement of of education on on the basis of Christian principles, basis of Christian principles, of Christian principles, Christian principles, principles, for both children and adults both children and adults children and adults and adults adults The strategies employed to meet these objects and purposes for the public benefit are described more fully in the achievements strategies employed to meet these objects and purposes for the public benefit are described more fully in the achievements employed to meet these objects and purposes for the public benefit are described more fully in the achievements to meet these objects and purposes for the public benefit are described more fully in the achievements meet these objects and purposes for the public benefit are described more fully in the achievements these objects and purposes for the public benefit are described more fully in the achievements objects and purposes for the public benefit are described more fully in the achievements and purposes for the public benefit are described more fully in the achievements purposes for the public benefit are described more fully in the achievements for the public benefit are described more fully in the achievements the public benefit are described more fully in the achievements public benefit are described more fully in the achievements benefit are described more fully in the achievements are described more fully in the achievements described more fully in the achievements more fully in the achievements fully in the achievements the achievements achievements and performance section. ; {

:

3

RESOUND TRUST Trustees’ Report for the year ended 31 March 2023 LEONE de ee ce Pee a ee Advancement of Religion for Public benefit The trustees continue to have regard for the Charity Commission's guidelines on public benefit.

----- Start of picture text -----
The information set out below under the Achievements and Performance heading demonstrates how the trust benefits the wider
community by providing Support to many: spiritually, practically, and financially. Resound continues working in partnership with
a large number of other churches, as well as a wide range of charities and statutory agencies, in order to further enhance the
lives of those we seek to serve.
CA ee Peremen
Resound’s vision statement reflects our DNA as “A gathered community, powerfully Spirit filled, and graciously outpouring”.
This DNA has informed our mission is to become “A church that loves and empowers individuals, loves and impacts the city,
and loves and actively cares for the world”. Specifically this means: i
OUR COMMUNITY
----- End of picture text -----

¢ We expect there to be life in our walk with God. e Weare excited about what God is doing amongst us and expectant about what He is going to do. e We work hard to ensure this excitement and energy is infectious, sparking faith and encouragement in one another. e Weare a creative community, engaging all five senses in our meeting and worship together, and are open to new ways of being church together. : A COMMUNITY WITHIN THE COMMUNITY e We express Jesus’ love in caring for our community. : e¢ We makea positive impact on the community by finding practical ways to help and support those around us Global Partnerships Local Partnerships Care for Zambia inHope (Bristol) Limited Partner's Relief & Development UK Parent Buddies The Bridge Trust Limited Crossways Preschool (closed in Nov 2022)

Home Church

Resound has continued to grow over the past year as a congregation, and to fellowship in deeper more meaningful ways. Our commitment to the community outside our walls has not wavered, and we continue to work to meet felt needs, in many of the ways which we have historically done, but also initiating some new programmes. The following are illustrative of the breadth of some of our services: e Resound Sunday meetings have begun to grow in attendance. e Resound continues to offer spiritual and pastoral help and support to those inside and outside the church. Resound ¢ has continued to offer marriage, funeral and child dedication services for local residents within government guidelines. The Resound Foodbank has continued to operate. We continue to offer in person collection, but have maintained a delivery service for those who are unable to collect in person. ¢ Resound'’s family work continues to offer support to families in crisis. We deliver a range of targeted parenting courses, continuing to use the “Kids Matter” materials. Our listening service “Parent Buddies” came to an end toward the end of the year. The Toddlers group continues to grow and support needs in the local community. We have also added “Friday Club” to offer space for parents and children to be able to sit and work on homework together, play games, and have a meal with other families who come along. : Children, Youth and Young Adults : The Resound Youth work team continues to plan and deliver a weekly youth small group using a variety of formats to encourage group interaction. Detached youth work was paused in September as one of our volunteers stepped back. Our Children and Families Intem was moved into an employed role on 1 September. She will continue to focus on working with younger children and their families, both in the church and in the community.

4

|| |

RESOUND TRUST Trustees’ Report for the year ended 31 March 2023 SS es A aN Sen CN hc, eo eee (Elmore Beviewatsi March20m

Accounts Basis

The accounts have been prepared under the receipts and payments basis. The accounts comply with the legal requirements, being that the gross recorded income from all sources did not exceed £250,000 and that the charity is not a company incorporated under the Companies Act.

Ongoing Operations

The operational performance of the Trust shows income for the year of £145,221, (2022 £162,770) whilst expenditure was £1 52,376 (2022 £150,437). These figures include restricted funds, such as giving for our Local & Global Partners. Restricted Fund income will by definition always have a matching expenditure item, albeit there may be some phasing which spreads the cost between financial years. Considering the Unrestricted Funds, which are a reflection of the Trust's ordinary operations, income was £141,921 (2022 £152,266) and the associated costs were £147,392 (2022 £141,708). The ‘Trust's overall income has decreased in the year. The vast majority of income is given by members of Resound, and a significant part of income has come from rental of the building, now with three other churches also using the space.

A strategy to address the budget deficit was implemented this year. A review was carried out with the church and staff to reduce expenditure. A staff consultation was held in December 2022, with the Community Pastor and the Building Manager roles made redundant at the year end.

The expenditure increaseda little since last year due to the cost of redundancy payments.The Trust had sufficient funds to enable us to fulfil our obligations in the reporting year.

As in previous years, our largest regular operational expense (70%) continues to be the support of Christian Workers in Bristol. The trustees have made a commitment for these costs going forward, to be below 60% of income.

The trustees are grateful for God's provision through those who support the Trust financially and by generously volunteering their time and skills which enables the trust to continue. The financial position of the year ahead is in a better position, even through there is some reduction in giving from members. In addition, Crossways Pre-School is no longer in operation, with the lease agreement ending in November 2022. A short-term team has been created to consider ways to increase premises rental.

Fixed Assets

The Trust’s principal fixed asset is its building which includes an auditorium, offices, conference space, a café area and a preschool space.

Reserves

The reserves policy is to hold a reserve to cover six months running costs, which currently amounts to £66,738.

The Trustees are continuing to work with the Leadership Team to determine a plan to use any excess reserves to fund activity to further the charitable objects of Resound. An amount of £50,000 has been designated for a Housing Initiative for which work is in progress to find the best way to use this money to support the trust's objectives.

Investment & Ethical policy

Apart from bank accounts, the Trust has no financial investments or investment property. It holds accounts with banks that are judged to be more ethically based and has spread its capital in order that no more than £75,000 is held with any one financial institution. Policies are in place for the ethical and sustainable operation of the Trust. Throughout the Resound build programme close scrutiny was given to the sourcing of materials and energy usage in the new building, and this continues as part of its maintenance.

Related Party Disclosures

----- Start of picture text -----
During the financial year, Trustee, Sarah Bennett was the Manager of Crossways Pre-School. Her husband Mike Bennett was
part of the Leadership Team. Trustee, James Cannan was part of the Leadership Team and a Resound a staff member. J
Cannan received expenses in respect of his employment during the year, not as a Trustee.
1
NigelChair Carterof Trustees : 16 July 2023 , i{
5
----- End of picture text -----

----- Start of picture text -----
i?x FORCHARITY ENGLANDCOMMISSION AND WALES Resound Trust No. 294924
Receipts and payments accounts
For the period
----- End of picture text -----

----- Start of picture text -----
No. 294924
----- End of picture text -----

Section A Receipts and payments Unrestricted Restricted Endowment Last year to funds funds funds foal une 31.3.2022 theekg tothenearest£ § tothenearest€ = tothenearest£ —_to the nearest £ A1 Receipts ites, Onterngs & Donations [maser] [2 ase] [| (eey| [S__t00sa7] Grantsai = CoronavicusSe debi Retendonsenee[TE || ee|as||[|S|pene Rental of premises & CaféBaratevenis [saz]ee) [—-ee| {[___-|||[____3026|] | Sea eee eee | | | ee | ee | eee eee A2 Asset and investment sales, (see table). ree eee|[ee Total receipts [9a] cae! A3 Payments GrantsGrants forChristianforChristanWork Workers|| 1,300BG] |eee) TT Eee)PERU EES ee [14,328| Bore 2) eee 4,388 TravelAccommodation & | 0A PPBees 4,008| | Eee| ee oo18.282) Licences & Subscriptions | 88] | ||ee aeees] [12 Utilities&Premisesrental| 4945) |P|Rees) TT P95]eas) [203,217||| lineurance <5 es een [ee e e eee eam 72. | lindependentExamination| BL |ae TTeae Soe880 | eeSub total|__147,392ee || | Eeeee eee Aé4 Asset and investment purchases, (see table) |eeee a Subtotal[ Tota! peyrnonte (EES) | Net ofreceipts/(payments) Ea |Ef Ee ASTransforsbetwoontunds [|| | | AGCash funds last year end ee eee Ze Cash funds this yearend|___223.2285)[ 984] [228,319] |230,474 ]

6

eo

a

----- Start of picture text -----
Section B Statement of assets and liabilities at the end of the period
Categories Details Unrestrictedfunds Restrictedfunds Endowmentfunds
to nearest £ to nearest £ to nearest £
Totalcash funds | [__223,225|[] 4]
Unrestricted Restricted Endowment
: funds funds funds
Details to nearest £ to nearest £ to nearest £
eese — ——— ———
Fund to which Cost (opti 1 Current value
PU‘ ae ——Details ——asset belongs [.=ost (optional) aeoptional
Details assetFund to belongs which Cc‘ost (optional)tional Current‘optionalvalue
ll eae
Details: liabilityFund to whichrelates Amountoptional due Whenoptional due
ae on—= ae
Signature Print Name Date of
approval
Signed by N Carter on behalf of all the ;
trustees Nigel Carter 16.7.2023 |
i
:7
----- End of picture text -----