COMPANY REGISTRATION NUMBER: N1605696 CHARITY REGISTRATION NUMBER: NIC101064 The Resurgam Community Development Trust Llmlted Company Limited by Guarantee Consolidated Financial Statements 31 March 2023 COMPANIES HOUSE 2 q DEC 2023 BELFAST ')CJE23QI• 2911212023 COMPANIES HOUSE JNI 11132 The Resurgam Communlty Development Trust Limited Cornpany Limited by Guarantee Financial Statements Year ended 31 March 2023 Page Trustees, annual report (incorporating the directof s report) Independent audltorfs report lo the members 11 Consolidated Statemeni of financial activities (including income and expenditure account) 15 Consolidated Statement of financial position 16 Company Statement of financial positlon Consolidated Slatement of cash flows 17 18 Notes to the financlal statements 19 Pago 1 The Resurgam Community Development Trust Llmlted Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report Year ended 31 March 2023 The trustees. are also the directors for Ihe purposes of company law, P￿sent their report and the financial slatements of the charity lor the year ended 31 March 2023. Refefen¢e and adminl$tratbve details Reglstered charlty name The Resurgam Communty Devek>pment TNst Limited Charity reglstration number NIC101054 Company registratlon numbor N1605696 Principal office and rnglstered Office 3 offiGe Laganvièw Enlerprise Centre 69 Drumbeg Avenue Lisburn County Antrim BT28 1NY The trusteeg Mrs J Casey Mr P Dean Mr C Halliday Mr G Walker Miss T Blad( Ms L Kelly Mr Matthew En9llsh Ms Brooke Moorehead Mr Robert Jwnes Carlisle Mrs Joanna ja￿ynSk8 Mrs P Mccofmick Mr H Moore (Appointed 10 November 2023> (Resigned 27 April 2022) (Resigned 27 April 2022) (Resigned 27 April 2022) Audltor Johnston Graham Limited Chartered accountants & ststutory auditor 2161218 Holywood Road Bellast BT4 1PD Page 2 The Resurgam Community Development Trust Limited Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (¢oneknuedJ Year ended 31 March 2023 Structur•. gov•mancfr and manag•m•nt Structuro The Resurgam Trust's Board of Directors oversee the delNery of their Strategic Plan. ensuring the structures in place ensure accountability and delbvery of strategic themes. Th8 Strategic Plan highlights key advisory and decision-making groups and key Stake￿oIderS who 8UPPOrt delivery of Stralegic them8S that deliver outcomes and impacts wilhin community. Resurgam and are supported by established and recognised cornmunity-based organisalions and social enterprises wrth many years of experience working in communilies throughout the city of Lisburn, staff, volunteers and external agencles. Koy Strategic stnKtures include.. -strategic Advisory Group -senior Managernent SleerirrfJ Group -Proiecl SU￿GroUps -social Enterprise Think-Tank Gr¢)UP Govemlng Docurnont The Resulgarn Communily Development Tnjst (The Resurgarn Tfust) 1$ a company limited by guarantee, incorporated on 10th January 2011. with Charty Commission legislation achieved in October 2015. The Resurgam Trust was created under a Memorandum ol Association which established the ol'ect8 and powers of the chafitable company and is govemed under its ArtiGl8s 01 Associati￿. This docun￿nt was revised in March 2014 and filed wilh C(Thpanies House. Recrultm•nt and Appolnimonl of Managèment Commlttee The directors are nominated from community membership and soclal enterprises 10 give a cross represeniation ol membership. Under the Memorandurn and Articles of Association directors are elected lo serve from each Annual General Meeting. Directors and management are requested to provide personal profile5 to depici skills within the board with a variety of areas of inlerest covered. which are highlighted in the 8usiness Plan. Tralnlng for dlfeCtor8 and memb8r8 'reclors and membership adhere to "Fil for Purpose" whereby all directors and member groups sign up to induction sessions and training. Rlsk Management Resurgarn follows a policy of risk management which is designed to identify, quantify, rnanage and then monitor those things, events or actions which could lead to a failure of a project. The organisatlon has an Intemal rlsk assessment pr(￿e$S thal involves four continuou$ stages Identificat*3n: The projed identifies risks which can be rnanaged. Quantification: This involves assessing the severity of Ihe risk to prioritise Ihose it will manage Managing and responding.. This involves establishing a course of action that will address the risk. Monitoring & contrdling the risk.. The project has a sub group which works Io Klentify and deal with There 1$ an intemal nolification prc>CeSS for dealing with problems. The full Board is aw aware of serious risks to a project. Pag• 3 The Resurgam Community Development Trust Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (conllnuodj Year ended 31 March 2023 Structure. govemance aftd manag•mant Icontlrtuadj Related Partles The Resurgam Trust is a member of Devebpment Trusi Northem Ireland and will develop the managemenl board through appointmenl of advisory roles Irom statutory agenctes. Oblectlves and activltles Vlslon Resurgam will connect IndNiduals, groups and transformed comunities to create a suslainable environment in wh￿h all are proud to live. leam. play and work" Resurgam will create growlh opportunities through support, capacty building and social economy initiatives to sustain regeneration in the Greater Li5burn area through building connections and alliances io p¢)s'tively influence decisicns Ih8t will affect the communities sen48d by the Trust and its rnember8. Stratoglc Alm8 To create giowth opportunities to build and sustain regeneration in the Greater Lisburn area. To build connections and alliances to posilivaly influence decisions that will affect the communllles served by the Trust and Its members, To enable people lo exparlence. through the opportunitlas provided by tho TfU8t •nd It$, members, a value-based environrnenl that challenges injustice and exclusion. To build effective worf(ing relationshlps that resulis in safer- peaceful c¢mmuniti'es. Share Resurgarn T¢ust model and ouiworking as besl pracllce lo support peace, ￿n¢t11a￿n and sustainable communltles. locally regionally and wider. To align the work of the Resurgam Trus1 wilh the needs of communrties 8rn1 member groups It represents. To create opportunities for indivKluals, groups and communittes lo connect together to lessen their iscAalion To build and r￿￿oW Trust governance arrangement to ensure Ihat its, mefflbers hav¢ ownership and influence over the directlon of the Trust. To ensure Ihat th8 Trust operales financial management ¢ontrds ihat results In iransp8rency, accountability and enhances sustainability. To develop and maintaln an operatlonal infrastructure including a clear set of policles arrfl procedures, Io guide its woik. Pago 4 The Resurgam Communlty Development Trust Llmlted Company Limlted by Guarantee Trustees. Annual Report (Incorporatlng the Di rector's Report) (¢•nthiu•d) Year ended 31 March 2023 Objectlves and actlvltle8 (¢￿tIn￿•0) Strateglc Objectlves Provide support and capaclty building lo member group$ lo enhance their futurg su8lainability. Enable smaller community partners lo access Trust resources appiepriately. Enable the Resurgam Trust10 be a sell-sustaining organisation. Set up a trust fund for the benefit of communities of interest. Develop a community education and leamin9 Strategy to meet need. Provide networking opportunities and maintain links with all stakeholder groups. Enable individuals and communities lo come together for support and asslstan¢e Raise professional slandards across all service$. Ensure communlties of interest are iepresenled on the Trust 8oard. Fomalise and review regularfy qualty standards In governance and operational man8gemenl systems within th8 Resurgam Trust. Establish and maintain legislative complianc8 and ensure that the requirements of social justice, equality and diversity and comrnunlly development underpin Re$ur98m Trust policles. practlee and processes, Maintain effective rdationships with social partners and build new networks and alliance5 for mutual benefil, In settlng our obje¢tives and planning our actlvlti&s for the year, Ihe trusteas have givén careful consideration to the Charty Commission for Northern Ireland's guidance on public benefit to ensure that the 8Glivrties have helped to achieve Ihe charty's purposes ar￿ provide a benefrt to thè beneficiarla&. stratsglc report The lollowing seetions for achiavem•nt$ and p8rformance and financial revlew form the slrateglc report of the charrty. Page 5 The Resurgam Community Development Trust Limited Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Director's Report) (¢ontlnu4dJ Year ended 31 March 2023 Achlevements and performance The Re5urgam Trust slruclures has a 24-year history of community regeneralion re8ulling in improved outcomes on the social deleminants of health. A central component of the Resurgam Trust's long-term financial sustainability plan is a ￿mm￿n￿-1ed housing model, the main aim of this model was a￿ayS to ensure thal Ihe organisallon was financed In such a way that rts long.term financial heallh would be secured. Regurgam have continued to develop their model of social enterprise and regeneration, all governed and monitored by their Board, Steering Group and Audit and Risk Committee with support from Lisburn Castlereagh City Council, Department for Communities (Dfc) Innovation and Research and Dfc Communty Investment Funding. To complement this Ihere is a Suslainability Plan which has specif￿ acttons in tenns of financial forecasting and in￿rne generatrfon auoss the In￿me Spectrurn. The review of operations has been central in developing a Slroiegic Plan for the next fNe years and testimony to Resurgams vision is ihe I¢xu5sed overarching strategic objectives and themes which have remained common since inception in 2011. These have been ieviewed, linked closer to Prcgramme for Governmenl (PfG) and Lisbum Castlereagh Community Plan. This is complernented by an Operational Plan which will be developed within Ihe ne￿ year at the straleglc residenlial. Key AchSav•monts Maintenance of Sero0 Contract SeNices Grounds Maintenance with Idverde. part of a Social Clause Conlrad. Highway Inn and Kitchen Manager, Emma Robb BEM awarded the Briiish Empire Medal for meritorious community service. Highway Cart relocaled lo Laganview Enierpii8e Centre. following its purpose durlng COVID at Highway Inn Garden. Trauma Infom)ed Organisation, cascaded through prOje￿s including Lisbum SAFE, Early Intervention Lisbum and Resurgam Youth Initiative and Healthy Living Centre, Resurgam Reboot - Youth Initiaiive, Healthy Llving Cenlre,. Early InteNention Lisburn model of inteNenlions with yovng people to improve mental health and wellbeing. Sustained creation ol employment for 130 people Volunteer pool 01500 supporting delivery of project within Lisburn SAFE, Early Inter¥enlion Lisbum and Resurgarn Youth Initiative and Healthy Living Cenlre, Community Acaderny Nl remains a key element of Resurgam's 'gNe-ba¢k' with knowledge transfer being shared within The ExeGLltive Office's Urban Village prograrnme in Belfast and Londonderry. Hilden Mill School secured funding through Lottery Heritage Grant wilh Li5burn Casllereagh City Council and Resurgarn Trust. their Developmenl Partner. developing two Social Enlerprises Tearoom and Child¢are. This has been a projecl developed over a ten year period and is especially s¢gnificant for locals wrth a historical walkway adjacent lo the school. Early Intervention Lisburn have been successful in their National Lottery Communty Fund's application for emotional Mental Health and have ie¢ruited a ¢¢ordinator and peer-educators. taigeting young people and emotional wellbeing through Connected Minds Youlh Cornmirtee. Help Kids Talk received support Irom Lisbum Castlereagh Cty Council for a post to develop speech and language in a community model. Resufgam Healthy Living Centre (Public Health Agency, Inlegraled Care Partnership, Heallhy Living Cenlre Alliance) delivers on DHSSPS Mind Matters Social Prescribing and has driven Lisbum Inequalities FonJm'5 woth to publish a ￿port. supported by Integrated Care Partnership. Lisnagarvey Men's Shed continue to link in with Age Friendty initiatives Including Work with meniors helping to develop the Honey Bee apiary, community gardens and carpentry. Cultural Wofk still remains an interest for the men's shed with vistls and projects associated with UlsteT SGots being a Pag• 6 The Resurgam Community Development Trust Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢on¢lnuodJ Year ended 31 March 2023 focus during the year. Welc (¢onllnu•d) Year ended 31 March 2023 Enyloyrnent.. - Resurgam has created employment for 130 people - Communty based social enterprises has a collective lumover of £2 million - Socbal Enterprises contribute £2 million to the local economy through salary contribution Managernent and Governance Suslalnabllty Plan - Impact Frarnework - Succession Plan - Reviewed Strategic Planning Social History Resurgarn are leading the field in temis of Peacebuilding. Reger￿latIOn and Social Enterpiise, sornething that is having an impact upon disadvanlage wrthin their communities. identrfied ihrough Impact Framewoth. Flnanclal rovi•w Fundlng Resur9am Trust has received funds totalling £726,758 in respect of Ihe period ended 31 March 2022 for Community sUPPOrt from Ihe following funders: £104.421 £32.698 £55,537 £230.610 £121,635 £44,163 £54,283 Lisbum City Council Heallhy Living - proiecls Other funders Community Academy Social Prescribing South East Mind Matters In addition, the trust a130 generated funds through fundraising activities and 116 communty-led housing portlolio. Resurgam has also c¢ntinued lo develop the social enterpriso and iegeneralion projects with a Gombined turnover on 22.23 of £1.812.501. The Statement ol Financial Activities Set out on page 15 shows an unreslrkted suwus for lh• year of £35,615. Potential fundlng Resurgam will cMtinue to ￿ek additional lunding and se￿1￿ Level Agreements for localised work. focused on Scrial Enlerpri5e and Regeneration. Reserves The Re¥urgam Trust policy ¢x feserves is lo hold sufficlent resources lo continue the charitable actbvities ol the group should in¢￿7a and fundrai51ng activities fall short. The Board Considers that the group Should hold a sum equivalent to 3 M¢￿1hS running costs. Pag• 8 The Resurgam Community Development Trust Limited Company Llmlted by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (Mntlnued) Year ended 31 March 2023 Plans for fvtur• periods Plans and Challanges.. - Launch and implementalion of 10 Year Strategic Plan, including Operational Plan Sustainability of SeNices - oversight of five key areas of delivery: Resurgam Youth Initiatlve - Lisburn SAFE Resurgam Heallhy Livin9 Centre Earty Inleprfention Lisburn - Community Academy Nl . Communty Connect - Engagement events and communication rnelhod reviewed - Succession Planning - Devek)pmenl of youn9 leaders Maintain Social Enterprise - develoFvnent of social enterprise and research further opportunities - Organisational Resilience - staff development and improve incorne streams - Development ol New Websrte - promotion ol services and more user liiendly Social Value; Continued research for opportuntties, modelllng the Northem Ireland Housing Executive and Idverde Partnership with Servo Contract Services Nl. - Buy Local - Sustainability of communty based social enterprise leading to employment 8uilding on succes$: Hild¢n School Project - Tearoom, Child¢are, Interpretivè Hlstory . Community Academy Nl - Comrnunity Led Housing Model (Wekorne Hous•. Chapel Hill Méw8} Polillcal instabllity - become re511ient to irnpaGt of having no links to Slormont Department$ Reduce Inequalities - worf(Ing to improve Ilnks behveen comrnunity Self-he￿ prolects, slatutory and voluntary providers leading to improved heallh and wellbeing. Hlgh L•v•l Outcomes: Powerful and Effective CommunitEs - Deli￿ring positive and laS1ing change by engaging citizens in finding solutlons and creatlng opportunltles to build on assets to improve outcomes. - siabla ar￿ Safe Communities - Er*Jaging in partnefship8 With relevant agencies to ensure Lisburn is stable sale environment in which to live. Sustainable Environrnent Making a significant contribution to the physical, economic and sKial tian$fomation of local cofffflunities in Lisbum through a community4ed regeneration model. Prosperous Local Economy Providing er￿loYment and conlributlng significantty to the economic gfowlh in Lisbum through 6 social enterprises. Taking opportunities to build on this success to create an infrastructure that will suslain the R8surgam Trust f¢x the fulur•, - Thrivirg'People - Through a public health, preveniion and early inter4ention approach we will work in partnership with individuab, families and comrnunitie5 to get the besl for all children and young One Year Key Targets of Work The following is a Summary of the revised Strategic Plan and Impacl Framework - Develop Roadmap for are88 of sepiice delivery including People, Comrnunity, Organi8ation to redu inequalities Delivering key e£tion3 in Department for Cornmunrties contract and Lisbum Castlereagh's Community Plan. - Develop Communrty Led Houslng Model - Bullding relatlonships with housing providers and NIHE - Promoie benefits of successful Communlty Asset Transfer - lobbying departmenls and local council. Support Resurgam Youth Initiative, Healthy Living Centre and Earty Inte￿entIon Lisburnls Connected Minds Tri-Partite Page 9 The Resurgam Community Development Trust Limited Company Llmlted by Guarantee Trustees. Annual Report (Incorporating tha Directorfs Report) {¢onllrtu¢ Year ended 31 March 2023 - Developrnent of Hilden Primary School - Complete funding package and develop SE'S. Healthy Living Centre - Continue to deliver on improving oulcomes for health and wellbeing Continue Social Prescribing mod81 (Scottish Northem Ireland Partnership) Support and promote Health Inequalities agenda Early Inleprfenlion Lisburn Implement., Connected Minds Youlh Committee (National Lottery Community Fund's Emotional Health). Help Kids Talk initiallve and 8est for Every Child Schools Based Work - Community Safety - Maintenance of current Lisbum PSP rnodel, Lisbum SAFE Good Relations - Lisbum PSP Under-Represented groups and Minority Ethnic groups, including Newcorners - Social Enterprise - lo maintain current SE and develop Communty Led Housing Mode Support youlh SEIEntrepreneurs Social Enterprise Tearoom and Childcare to be developed Key focus area for all themes in coming year will be maintenance and developrnent of lil Cornmunty Led Housing Model lil) Communily Engagement- Communty Planning (till Polilical Engagement - Lobby Slorniont and Local Council Department8 Impact The R8SUfgam Trust 'LOGIC Model and Theory of Change, will highlight the following impacts by knowledge of what is importanl to community, investment from statutory providers and empowering community to deliver change that reduces inequalities.. The community has well developed physical and social assets The ¢omrnunty is a stable and safe place to live There is a positive community identity Community is able to attraci investment and develop economlc sustainablllly and résilience Community has access to meet As needs Tru8t••8' respon8lbllSlle8 Statemont The trustees, who are also director3 for the purposes of ccxnpany law, are responsible for preparin9 the trusiees. report and the financial statements in accordance wilh applicable law and United Kingdom Accounting siandards (Uniied Kingdom Generally Accepted Accounting Praclice). Company law requires the charty trustees to prepare financial slaiements for each year whlch give a true and fair view of the stale of affairs of the charitable company and the incomlng resources and application of resources, includinA the incorne and expenditure, for that period. In preparing these financial ststements, the trustees are required to: select suitable accounting policies and then apply them consistently- observe the methods and principles in the applicable Charities SORP; make judgments and accounting estimates that are reasonablo and prudenl,. state whelher applicable UK Accountlng Standards have been followed, subject to any rnalerlal departures disc105ed and explained in Ihe financial 5tatemenls: prepare the financial statements on the going Concern basis unless it is inappropriate to presume thai the charity will continue in business. Page'10 The. Resurg'am Commun'ity Deiielopmen't Trust Limited Company'Llmited by Guarantee Trustees. A'nnual Report (Incorporatlng the Directoès Report). (eoftUnu8d) Year ended 31 March 2023 The trustees ar.e responsible for keeping adequale. accouriling re￿r￿S trial'are siifficient to show. an'd explain Ihe chanty'.5 '1ransactions and dlsclos'e wlth reasonable 'accura¢y at 'any ilme the finaiicial position of 'lhe charity 'arMJ enable. .them 'lo ensure Ihat. the '.fina'n¢ial statements rA)mF)ty with the 'Companles Acl 2006. They. are also resp.onsibl8 for safe'guardlng, the. asseis of. the cliarfty and.'he"nce lor taking re8sonable.gleps for Ihe prevenllon and.deteclion of'lraud. a'nd other Irr,egularities. Audltor Each of th8, persons.. who'is a trustee at the,dale of approiial of this report confirrns Ih8t: so'far es they ar8 ,aware- there is no r818vant.audlt lrifortnation ol'%vhlc'h the'.chanV.s. auditor Is .unaware;.and Ihey have laken all steps that they'ought lo have.tak8n as a twste'e.:lo make themselves.aware ol 8ny relevant, audll infomialion and. to establlsh'llial Ihe .charitrfs audltor. is aware of t'hat. informatlon. The twslee5' annual report and Ih"e str8tè95c repcirt wére. approved on 18,D.8cember 2023, and;.signed on behalf ol the board of trusteés. by: Mr P Dean Tw5tee Page 11 The Resurgam Community Development Trust Limited Company Limited by Guarantee Independent Auditorfs Report to the Members of The Resurgam Communlty Development Trust Limited Year ended 31 March 2023 Oplnlon We have audbted the consolidated financial statements of The Resur9am Community Development Trust Limrted {the 'charity') and ils subsidiaries (the "group.) for the year ended 31 March 2023 which comprise the consolvjaled slatement of financial adbvilies (including inconE and experditure accounl). consolidated stalement of financial position. cc*npany statement of financial position, slalemant of cash flows and related notes, includin9 a summary of significant accounting polic¢es, The financial reporting framework that has been applied in'lheir preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republlc of Ireland (Unlted KlngdcTh Generally Accepted Accountlng PraGtice). In our opinion the financial statenvènts.. give a true and lair view of the stale of wnpany and the group's affairs as at 31 March 2023 and of it8 incoming resources and application of resources, including ils income and expenditure, for the year Ihen ended; have been property prepared in accordance wllh United Kingdorn Generally Accepted Accounting Praclice., have been prepared in ac￿rdanCe with the requirerr*nts of the Companies Act 2006. Basls lor oplnlon We conducted our audit in accordance wilh International Slandards on Audiling (UK) {ISAs (UK)) arKI appllcable law. Our responsibilities under those $tandards are further described in the auditorfs responsibilities lof the audit ol the financial slalernents section of our Kep￿t. We are independent of the chariiy in accordance with Ihe ethical reqU￿ernents that are relevanl to ￿r audit ol th¢ financial Slalements in the UK, including the FRC'S Elhical Standard. and we have fulfilled our other ethical iesponsibilities in accordance with these requiremenls. We believe that the audit evidenc6 we hav8 oblained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng lo golng concern In auditing the financial slatements. we have concluded Ihat the trustees, use ol the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomwd, we have nol identified any material uncertainlies relaling to evenl3 or conditions that. individually or collectivety, may cast significant d¢ubl on the group or the Charity's abilily to eontinue as a goin9 concern for a period of al leasl iwelve months from when the f￿ancIal stalements are auihorised for issue. Our resp￿sIbilItieS and the responsibilities of the Iruslees with respect to golng concern are described in the relevant sections of this report. Page 12 The Resurgam Community Development Trust Limited Company Limited by Guarantee Independent Auditor's Report to the Members of The Resurgam Communlty Development Trust Limitsd (¢ontlnu•d) Year ended 31 March 2023 Other Informatlon The other information comprises the information Included In the annual report. other than the financial stalements and our auditorfs report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other Information and. except to the extent otherwise explicitly staled in our report, we do not express any form of assurance concluslon thereon. In connectlon with our audit of the financial staternents, our responsibility is to read the other Information and. in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtalned in the audit or otherwise appears to be mateiially misstated. If we identify such materlal inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the olher information. If. based on the work we have perfomed, we conclude Ihat there is a maierial misstatement of this other inlormation. we are required to report that fact. We have nothlng to report in this regard. Oplnlons on oth•r mattern pr•sGrlbed by th• Companle8 Act 2006 In our oplnlon, based on the work undertaken in the course of the audit.. the information given in the tru5tees' report for the financial year for which the financial statements are prepared is consistent with the financial stalements. and the trustees, report has been prepared in accordance wlth 8ppllcable legal requirements. Matters on whlch wo aro iequlred to r•port by exceptlon In the Ilght of the knowledge and understanding ol the charity and its environment obtalned in the course of the audit. we have not identified material misstatements in Ihe trustees, report. We have nothing to report In respect of the following matters In relation to which the Companles Act 2006 requires us lo report to you If, in our opinion: adequate a￿OUntIng records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or the financial ststements are not in agreement with the a¢counts'ng records and returns; or ertain disclosures ol trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit, Page 13 The Resurgam Community Development Trust Limited Company Limitsd by Guarantse Independent Auditor's Report to the Members of The Resurgam Community Development Trust Limited {ronth)ued) Year ended 31 March 2023 Responsibilities ol trustees As explalned more fully in the trustees. iesponsibilities stalernenl, the trustees (who are also the directors for the purposes of company law) are responsible for the p￿paratIon of the financial statements and for being satisfied that they give a true and fair view. and for such intemal control as the Irustee5 determine is necessary to enable the preparation of financial statements that are free frorn material misstatement, whether due to fraud or error. In preparing the financial statements, the irustees are responsible for assessing the Charity's ability to continue as a goin9 concern, disclosin9. as applicable, matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Auditorfs responsibilitSes for th• audit of the financlal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are tree trom material misstatement, whether due lo fraud or error, and to issue an auditor's report Ihat includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a malerial misstatement when it exists. Misstatements can arise from fraud or error and are considered maierial if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of ihese financial statements. Irregularlties, includin9 fraud, are instances ol non-compliance with laws and regulations. We deslgn procedures in line with our responsibilities, outlined above. to delect mateiial misstatements in fespect of irregularities. including fraud. The extent to which our procedure5 are capable of detecting irregularities, including fraud is detailed below.. As part of the audii process we obtained an understanding of the legal and regulatory framework applicable to the entity, being FR102. Companies Act 2006 the UK laxation regime and compliance with regulations in relation to the Coionavirus Jobs Retention Scheme and the Coronavirus Business Interruption Scheme. In addilion. we assessed the risks of material fraud through enquires with management and those charged with corporate governance and analyiical procedures were used to assess any unusual or unexpected relationships. As wilh all organisation ol this size, there remains an inherent dilficulty in the detection of irregularities. A further description of our responsibilities for the audlt of financlal statements is located on the FRC'S website at V•W4V.frc.org.ukJauditorsresponsibililies As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional sceplicism throughout the audit. We also; Identity and assess the risks of rnaierial misstatement of the financial statements. whether due to fraud or error, design and perforrn audit procedures responsive to those risks, and obiain audit evidence that is sufficieni and appropriate to provide a basis for our opinion. The nsk of noi detecting a material misstatemenl resulling from fraud is higher Ihan for one resulting from error. as fraud may involve collusion, forgery, intentional omissions, rnisrepresentations, or the override of inlernal control. Obtain an understanding of inteinal control rélevant to the audit in order to design audit procedures that are appropriate in the circumslances, but not for Ihe purpose of expressing an opinlon on the effectiveness of the internal control. Page 14 The Resurgam Communlty Development Trust Llmlted Company Limited by Guarantee Independent Audltorfs Report to the Members of The Resurgam Communlty Development Trust Llmited l¢ondmiea) Year ended 31 March 2023 Evaluate the appropriateness of accounting policies used and the reasonablenes$ ef accounting estimatas and relaled disclosures rnad• by Ihe iruste8$. Conclude on the appropriateness of Ihe trustees. use of the going concem basis of accounting and, based on the audit evidence obtalned, whether a material uncertainty exists related to evenls or condilions that rnay casl signilicant doubt on the charity's ability to continue as a going concem. 11 we conclude that a material uncortainty exists. we are required to draw attention in our audiloes report to the relalEd disclosures in the financial slalements or, rf such dbsclosures are inadequate, to modify our opinion. Our Conclusions are based on the audrt evidence oblained up lo the dale ol our Audilofs report. However. lulure evonts or condrtions may cau$0 the charity to cease io continue as a going concern. Evaluate Ihe oveiall presentalion, structure and content of thé financial statem•nts, including the disclosures, and whether the financial slalements represent the underlying Iransacti¢￿5 and events in a mannar that achieves fair presentalion. We communirAt¢ with Ihose charged with govemanca re9arding, among other matters, the planned scope and limin9 01 Ihe audit arKI 5ignifi¢anl audit findin98, includlrwJ any 81gnlfic8nl deficlencles in Intemal control Ihat we identity durlng our audrt. Use of our report Th55 report is made sol?ty lo the charity's memb8r¥, 8$ a body. in accordance wilh Chaptei 3 of Part 16 01 the Companies Act 20(E, Our audit work has been undwtaken so thai we might State to the charty's w*mbors those mattets we are required to slatè lo them in an audiloffs ieport and for no other purpose. To the fullesl extent permitted by law. w¢ do not accept or assume responsibilty to anyone other than the charrty and Ihe charity's members as a body, for wr audll work, for this report. or lor the opinions we have fofffl￿. Ms E Mulholland {Senior Statutory Auditor) For and on behalf of Johnston Graham Limited Chartered accountants & statutory auditor 2161218 Holywood Road Belfast BT4 1PD 18 E)ecember 2023 Page 15 The Resurgam Community Development Trust Limited Company Limited by Guarantee Consolidated Statement of Flnancial Activities lincluding income and expenditure account) Year ended 31 March 2023 2023 Reslricted funds Total lunds Total funds 2022 Unre$tri¢ted funds Notg Income and endowments Donations atKI legacies Charitable activilies Other trading adivitles Other income 24,562 24,562 643,345 1.024,206 120,388 17.714 571.119 821,395 57.585 1,467.813 643,345 1.024.206 120,388 1,169,156 Total Incom• 643.345 1.812,501 Expenditura Expenditure on raisin9 funds: Cosls of othei trading activities Expendilure on chariiable activities Taxation 798,241 332,557 2.743 798,241 1,034,908 2,743 1,835.892 828,649 914,328 {931 1.542,884 10,11 12 702,351 Total expenditure 1.133.541 702,351 Net expendlture and net movement I funds 35,615 (59,006) {23.391) (75,071) Reconciliatlon of funds Tdal funds broughl forward Total funds carrled forward 896.076 3.142.799 3.083.793 3,838,875 3,815.484 3.913,947 3,838,876 731.691 The stalement of financial activities includes all gains and losses recognised in ihe yeaf. All income and expendrture dèrive frorn continuing activities. The notss on paw 19 to 32 fomi part of th•8• Ilnanclal 8tatomgnts. The Resurgam Community Development Trust L,!mited Company Limited by Guarantee Consolidated. Statement of Fonanclal Position 31 March 2023 2023 2022: Not Flxod asséts 'Tangible fixed.asso15 Investments 16 1.479,654 17 1,770,673 3.250.327 1.515.967 1,770.673 3.286.640 Current assets Stocks Deblors ,Cash.al bank and in hand 18 19 19.950 170.018 703',159 893,.127 .18.0(￿• 176,422 670.69.1 Cieditor8:,amounts.'fa115ng,due'v•ithln'on•.year Net currènt a3sels 20 303.220. 589.907 .263,718 01,395 Total as$éls1o$9.cuff•rit IlabllStl•$ 3.840,234, 3.888,035 Credllors: amounts falllng'dug pller more than on• year 21 39,518 Provls5ons 23. 4.808 3,81'5.484 2,3S5 .3:.846,162 Net assets Funds of the.¢harity Reslricted funds Unr?slrbcted fijnds 3,083.793 731,691 3.142,800 .696,076. Total ¢har!ty lunds. 25. 3.815.484 3,838.,876. Thase. financSal statements were approved by Ihe board of trustee$ and authorised f<)r Issue on. 18 December 2023, and'are slgned,on behall'of the board by.. Mr P Dean. Trustee. Tho notes on pogo$ 19 10 32.fomi part of these nnan¢lal slateffl•nl8: Page 17 The'Resurgam Community Development,, T'rust Limlted Company Llmited by Guar.antee Company statement.of 'Flnanclal Position 31. March 2023 2023 2022 Not• Fixed assets Tanglble fixed 85seiB Inveslments 13 7.,741., 1.770',673 1,778,414 6.834 1,770,673 1,7.77,507 Currenl assets Dèbtors Cash al bank and In hand 15 142,218 524,939 667,157 139.780 522,471 662,251 Creditors: amounts'falllng.due'w5thln' one.year Not current asse18 16 227,142 439,975 '2,218,389 455,808 Total ass¢t$1•s8 ¢urr•nl Ilabllltles 2.233,31'5 Creditors: amounts falllng.due'aftor more than on• y•ar 17 Net as8•18 2,218,389 2.213,739 Funds of thè. charfty Restrielèd fund5 Unreslricled funds 1,7,17,568 500,821 2,218,389 1,717,569 496,1.70 .2.213,739 Total charlty funds These financial statements hav6 baan prepared. In accorilance wllh the provisions applicable to companles.subJect to the small companies, regime: These fingnG!al stat8ments were approved by, ,the' board o_f trustee$ and authorlsed f*Sr' Issue on .18 Decernber'2023, and are.slgned on behalf oflh8 board byi Mr È.Dean Director Th•.not•s..on pagos 19'to.32 forni part,ol.'the$g flnanclal siatemenl8. Page 18 The Resurgam Community Development Trust Limited Company Limited by Guarantee Consolidated Statement of Cash Flows Year ended 31 March 2023 2023 2022 Cash flows from operatlng actlvltles Net expenditure (23,391) (75,071) Adjustments lor Depreciation of tangible fixed assets Taxation Accrued expense5 81,055 2,743 52,502 79.500 (93) 7,063 Changes in." Stocks Trade and other debtors Trade and other creditors (1,950) 6,404 (6,910) 110,453 95.441 (12,007> 98,833 Cash generated from operations Tax paid Net cash from operating aclivities (2,998) 107,455 (2,335) 94,498 Cash flows from investing actlvlties Purchase of langible assets Net cash used In inVes￿n9 activities (44,743) (44,743) {29,242) {29.242) Cash flows from flnanclng actlvltles Proceeds from borrowings Net cash used in financing activities <30.244) {30.244) (58.447) (58,447) Net Increasel(decrèase) In cash and cash equivalents Cash and cash equlvalents at beglnnlng ol year Cash and cash equlvalents at end of year 32,468 670.691 6.809 664.158 670,691 703.159 The notes on pages 19 to 32 fonn part of the8e financlal Statements. Page 19 The Resurgam Community Development Trust Limited Company Limited by Guarantee Notes to the Financial Ststements Year ended 31 March 2023 Geneial infomiation The charity is a public benefit entily and a private company lirnited by guarantee, iegistered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office 1$ Office 3, Laganview Enterprise Cenlre. 69 Drumbeg Avenue, Lisbum, County Antrim, 8T28 1NY. ststement of compllance These financlal stalemenls have been prepared in compllance with FRS 102, The Flnanci81 Reporting Standard applicable in the UK and the Republic Of Ireland,. the Staternenl ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicab18 in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies kl 2006. Accounting pollcles Bas1$ of preparatlon The financlal statements have been prepared on the historical cost basis. as mo(Jified by the revaluation of ¢ertain financial assets and liabillties and inveslrnenl properties measured at fair value through income or expendittjre. The finan¢ial statements are prepared in sterling. which is iho functional currency ol the entty, Golng concern There aFe no malerial uncertainties about Ihe charivs ability to continue. Consolldatlon The financial statements consolidate the financial slatemenis of Resurgam Communlty Oevelopmenl Trust Limited and all of its subsidiary undertakings. The parent company has applied the exemption in section 408 of the Companies Act 2006 and has not presented its individual statement of financial activities Judgements and key sources of estlmation uncertalnty The preparation of the financial statemenls requires management to make judgements, estimale5 and assumptions that affect the amount5 reported. These estimates and judgements are ¢onfinually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Incorne tax The taxation expense represents the aggregate amouni of Current and deferred tax recognised in the reporting period. Current tax is recognised on taxable income or expendilure for the current and pasi periods. Current tax is measured at the amounts of tax expected to pay or recover uslng the tax rates and laws that have been enacted or substantively enacted at the reporting dale. Deferred lax is recognised in respect of all timing differences ai the rep¢rting date. Unrelieved taxlosses and other deferred tax assets are recognised to the exxent that rt is probable that they will be recovered against Ihe reversal of deferred tax liabilities or olher future taxable profrts. Deferred tax is measured using the tax rates and laws Ihal have been enacied or substantively enacled by the reporting dale that are expeded to apply to the reversal of the timin9 difference. Pago 20 The Resurgam Community Development Trust Limited Company Llmited by Guarantee Notes to the Financial Statements (¢onllnuod) Year ended 31 March 2023 Accountlng policies (eontlnu•¢ Fund a¢¢ovntlng un￿$trI￿ed lund5 are available for use at the disuetion of the trustees to further any of Ihe charitys purposes. DeS￿nated funds ale unrestricted funds earmarked by the truste&s for particular future project or commitment. ReslrKted funds are subjected to reslriclions on their expendilure declared by the d¢)nor or through the terms of an appeal. an¢J fall into one of two sub-classes: restricted income funds or endowment funds, In¢omlng rn8ourc•s All incoming resources are included In Ihe st￿ement of financial *tlvliles when entitlertydnt has passed to the charity: it is probable that the ec￿OrniC beneffts ass0¢ialed wlth the transaction will flow to the charty and the amount Can be reliably measured. The following specific policies are applied to particular categories of income., income from donalions or grants is recognised when Ihere is evidènce of entillernent to th• gift, receipt 15 probable and its amount can be rneasured reliably. legacy income Is recognised when recelpt is pcobable 8nd entttlement is established. income from donated gwds is measured at the lair value of the goods unless this is impraclical to measure reliably, in which case the value is derived frorn the cost to the donor or the estimated resale value. Donaled facilities and ser4ice8 are recognised in the accounts when received rf the value can be ieliably n￿asured. No amounis are induded for the Contrbution of general volunteers. income Irtjn c<)ntr8cts for the supply of servlces is recognised with the delivery of the contracted service. This is cla5srfied as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed rf unspent, in which case it may be regarded as restricted. Page 21 The Resurgam Community Development Trust Limited Company Limited by Guarantee Notes to the Financial Statements (¢onilnued) Year ended 31 March 2023 Accountlng pollcies (¢onflnued) Resourc￿ expended Expenditu￿ is recognised on an accruals basis as a liability is incurred. Expenditu￿ includes any VAT which cannot b8 fully recovered, and 18 classified under headings of Ihe statement of financial activities to which it relates: expendilure on raising funds includes the costs of all fundraising activities, events, non-¢haril8ble tradlng aclivilies. and Ihe Sale of donated goods. expenditure on charitable 8ctr¥rties includes all costs incurred by a charity in undertaking activities that further its Charrtable aims for the benefrt of its beneficiaries, including those support costs and costs relating to tho govemance of the charlty apportioned lo Gharitable activities. other expenditure includes all expenditure that 15 neither related t¢ raislng funds for the charity nor part of ils expenditure on charitable aclivilies. All cosls are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single a¢livty a￿ all¢xated directly to that aclivty, Shared costs are apportioned bebNeen the a¢tiviltes they contribute to on a ￿aSOnable, justifiable and Mnsistenl basis, Tanglble assets Tangible assets are initially recorded at cost, and subsequently stated ai cost less any accumulated depreciation and impaim)ent losses. Any tangiblé assets carried at revalued amounts are recorded al the lair value at tho date of revaluation less any subsequent accumulated deprecialion and subsequent a¢¢umulated irnpaiment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other re¢ognised g8ins and losses. unless rt reverses a charge for impairment that has pr8viousty been recognised as expenditure wilhin the slalement of financial activitles. A decrease in the carrying amount of an assel as a result of revaluation, is recognised in other recognised gains and losses, except to which il offsels any previous revaluation gain, in which case the loss is shown within othei recognlsed gains and losses on Ihe statement of financial actlvllies. Deproclation Depreciation Is calculated so as to wrlte off the cost or valuation of an asset. less its residual value, over the useful economic life of that asset as lollows: Land and bulldings Building alleration5 Fixtures and fittings Motor vehicles Equipment 40/0 Straight lin8 10°/o Straight line 200/0 Straight line 25.￿ reducing balance 20°h, 250/• & 33'A Slraighl line Investments Unllsted equity investments are initially recorded at cost. and subsequently rnea5ured at lair value. If fair value cannot be reliably measured, assets are measured at cost les5 impaimient. Listed investments are measured at falr value with changes in fair value being recognised in Income or expenditure. Pag• 22 The Resurgam Communoty Development Trust Limited Company Llmlted by Guarantee Notes to tho Flnanclal Statements iconlthu•O) Year ended 31 March 2023 Accounting pollcles l¢onllnug0) Inv•stm•nt property Inveslment property is initially recorded ai cost, which includes purchase price and any direcity attributablo expendrture, Investment property is revalued to its fair value at each raporting date and any changes in lalr value ale racognlsed in profit or los8. If a reliable measure of fair value is no longer not available without undue cost or effort for an iifrm ol Investm&nt property. it shall be Iranslerred to langible assets and treated as Such untll it is gxpecled that lair value will be reliabty measurable on an on-going basis. The invèslmènl woperties were valyed in December 2016 by GP McGarrigb MRICS su1￿Y Seriices Belfast and these values have been reflected in the financial statements. director5 are of the opinlon that there has been no significant char¥Je to the propety valuaiion duriThJ the financial year. lrnpalrmgnt of fix•d assets A revlew for indlcalors of impalrment 18 carried out at each feporting date, with the re¢overable amount being eslimaled where such indicators exist, w￿re the cafrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior irnpaimienls are 8180 revtewed for Possible reversal at each reportlng date. For the pu￿Ose$ of Impalfment testing, when it is not posslble lo estlmale the recoverable amount ol an individual asset. an estimate is made ol the recoverable amount ol Ihe cash.generaling unit to which the asset belongs. The cash-generating unit is the smallest identifiable group ol assets thal indudes the a$$at and generales cash inflows that largely independent ol Ihe cash infth from other a$sels or groups of assets. For impairnient lesling of gtxdwlll. the 9oodwill acquired in a business combinalion is, from Ihe acquisition date, allocated to each of Ihe caSh￿enerating unil$ thal are expected to banefrt from the synergies ol the combination, irrespeclNe ol whether other assels or liabilities of Ihe charity are a8Sl9ned to those units. Stocks Stocks are measured al Ihe lower of cosi and eslimated sellirKJ prlce less Costs io Complete and sell. Cost includes all Costs ol purchase. costs of conversion and other Costs incurred in bringin9 the stock to lis present k)calion ar￿ condition. Provl$lon8 Provisions a￿ recognised when the enlity has an obligation at the reportin9 date as a result of a pasl evenl. it is Pfobabb that the enlity will be required to tiansfer economic benefrts in settlement and the amount of Ihe Obligation can be estimated reliably. Provisions are recognised as a liabilty in the statement ￿ rinancial posttion and the amounl of the provision as an expense. Page 23 The Resurgam Community Development Trust Limlted Company LlmSted by Guarantee Notes to the Flnancial Ststements fconllnued) Year ended 31 March 2023 Accountlng pollchB (eoniinu• Provlglons (contlnv Provisions are Inilially measured at tho best estimate of the arnount required tc Settle the obligation al the reporting date and subsequently reviewed ai each reporting dale and adjusted to réflect Ihe current best estimate of thé amount thai would ba required to settle the obligation. Any ad)ustmenls lo the 8mounls previously recognised are recognised in Income or expendilure unless th8 provision was originally recognised as p8rt of the cost of an asset. When a provision is measured at the present value of the amount expected to be required lo settle the obligation, the unwinding ol the disGounl is recognised as a finance cost in the statement of financial agtivrties in the period it ari5e$. and is allocated to the appropriate expenditure heading. FinanGlal Instrumonts A financial asset or a financial liability is recognised only when the ¢harity becomes a paty lo the contractual provisions ol Ihe instrument, Basic financial instruments are Initial￿ recognised at Ihe amount receivable or payable including any related transathion CDSts, Current asse18 and current IlabilitlQ8 are subsequently measured at the cash or Olhef consideration expected to be pald or received and not discounted. Debt Inslrum&nt8 are subsequentty rneosured at amortlsed ¢o$t. Vthere investmen1$ in shares are publicly traded or their fair value can othep+4ise be measured reliably, the investmenl is Subsequently measurèd al falr valuè with ehanges In lair value recognised in income and expendlture, All other su¢h investments are subsequently measured at cost lèss Impairment. Other financial Inslrumenls, Including daflvatSves, are Inlllally recognised at fair value. unless payment for an asset is deferred beyond nomial business terms or financed at a rate of Interest that is nol a market fate, in which case the asset is measured at Ihe presenl value of Ihe future payments di$¢ounled al 8 markat rate of Int•rast for a similar debt instrument. Other financial Instruments arè Subsequently mèasured at fair valua, with any changes recognised in the 518temenl of financial activilie5, Wlth the exGeption of hedging instruments in 8 designated hed9lng relati¢nship. Financlal assels thai ara measured al cost or amortised cost are reviewed for objective eviden of impaimienl at the end ol each r•portlng date. If there is objectlve evidence ol irnpaimient, an impairment loss is recognised under the appropriate heading in the statement ol financial activities in whlch the initial galn was recognised. For all equity inslrumenl$ regardless of significance, and other financial assets that afe individually significant, these are assessed individually for impalrmenl. Other financial assets are either assessed indiy￿U811Y or grouped on the basis of simllar credit risk chaFaclerislics. Any reversals of impairment are recognised immediately, 10 the exteni that the reversal does not result in a carrying amount of tha financial asset Ihat exceeds whal the carrying amount w¢uld have been had the impaiment not previously been recognlsed. Page 24 The Resurgam Community Development Trust Limited Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year endod 31 March 2023 Accountlng pollGle5 (eoftunuorfj Defined contrlbution plans Contributions lo defined contribution plans are recognised as an expenso in tha period in which the related servic? is provided. Prepaid contribulions are recognised as an asset to th• exlent that the prepayment will lead to a reduGtion in luture payments or a Gash refund. When contiibuttons are nol expected to be settled wholly wilhin 12 months of the end of the reporting dale in which the employees render the related seD4ice, the liabilty is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Llmited by guarantee The company is limited by guarantee and has no authorised or Issued Share capital. Donations and legacles Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Donations Donalions 24,562 24.562 17,714 17.714 Charftable actlvities Unre8trlcted Funds Restricted Total Funds Funds 2023 Lisbum City Council NIHE Community Academy. Social Prescribing SEMM DFC Healthy Living InitialNe Olher Funders Comic Relief LCCC - Laganview Enterprise 32,696 91,327 121,635 38,826 54.283 104,421 55,537 24,261 88,649 31,710 32,896 91.327 121,635 38,826 54,283 104,421 55,537 24,261 88.649 31,710 643.345 643,345 Page 25 The Resurgam Community Development Trust Limited Company Llmlted by Guarantee Notes to the Flnancial Statements {¢oniinufjd) Year éndèd 31 March 2023 Unrestricted Restricted Total Funds Funds Fund5 2022 Llsburn City Councll NIHE Community Academy Social Prescribing DFC Early Inten4ention Lisburn Healthy Living Initiativ• Other Funders Comic Relief LCCC - Laganview Enterprise Cenlre 46,732 40,001 126.272 44,163 104.512 1,500 56,906 26,077 76,309 38,991 581.463 46,732 40,001 126.272 44,163 104.512 1.500 56,906 26,077 76,309 48,647 571,119 9,656 9,656 (Xher ¢radlng actlvltl•s Unfestricted Fund$ Restrlcled Totsi Funds Funds 2023 Resurgam Community Trnst Developmant Laganview Enterprise Centre Limited Lisburn Community Inns Lirnrted Laganside Buslnegj SgNices Limlted Lisburn Community Self Build Limited Premier Taxi Company Limited Intercompany Irading 181,653 100,876 529.132 60,533 89,822 114,784 <52,594) 181,653 100.876 S29,132 80.533 89.822 114,784 (52,594) 1.024,206 1,024,206 Unrestricted Funds Restricied Total Funds Funds 2022 Resurgarn Community Development Trust Laganview Enterprise Centre Limited Lisburn Comrnunty Inns Limrted Laganside Business Services Lirnited Lisburn Comrnunty Seff Build Limited Premier Taxi Company Limil8d Intercornpany trading 171.573 91,511 451,303 65.524 9,641 95.947 (64,104> 171.573 91,511 451.303 65.524 9.641 95,947 (64.104) 821,395 821,395 Other income Unrestricted Totsl Funds Unrestiicted Total Fund$ Funds 2023 Funds 2022 Other incom? 120.388 120,388 57,585 57,585 Pagè 26 The Resurgam Community Development Trust Limited Company Limited by Guarantee Notes to the Financial Ststsments (contlnueoj Year ended 31 March 2023 Costs of olh•r trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Lisburn Communty Inns Laganside Business Services Lisburn Community Self Build Premier Taxi Company Inter¢ompany Trading 568.559 60,916 77,358 154,002 (62,594) 568,5S9 60,916 77.358 154.002 (62,594) 505,436 73,017 9,672 119,629 (79,104) 505,436 73,017 9,672 119.629 (79,104) 798,241 798.241 628.650 628,650 10. Exp•ndltur• on charltsble actlvltS•8 by lund typ• Unrestricted Restricted Total Funds Funds Funds 2023 Lisburn Cty Council Healthy Llving Other Funding DFC SEMM Community Academy Laganview Enlerprise Centfe NIHE Social Pr8scriblng Comrc Relief Support costs 32,696 55,537 24.261 104,421 54,283 121,635 90.716 91,327 38,826 88,649 32,696 55,537 24.281 104.421 54,283 121.635 211.709 91.327 38,826 88.649 211,564 120,993 211,564 332,557 702.351 1,034.908 Unrestricted Restricted ToL•l Funds Funds FuTrds 2022 Lisburn City Council Healthy Living Initiative Cxher Funding DFC Big Lottery Comtc relief Community Academy Laganview Enterprise Centre Social Prescribing Supwrt costs 46,732 56.906 26.077 104,512 40,001 76,308 126,272 97,998 44,163 1,501 620,470 46.732 56,906 26,077 104,512 40,001 76,308 126.272 212,549 44,163 180,807 914,327 114,551 179.307 293,858 Page 27 The Resurgam Community Development Trust Limited Company Llmited by Guarantee Notes to the Flnancial Ststements {¢onUnued) Year ended 31 March 2023 11. Expendlture OD charitable actlvitles by actlvlty type Activities undertaken directly Support costs Total funds 2023 Tolal fund 2022 Lisbtsrn City Council Healthy Living Other Funding DFC SEMM Early InteNention Lisbum NIHE Community A¢aderny Laganview Enterprise Centre Social Prescribing Comic Rellef Support Costs 32.698 55.537 24,261 104,421 54,283 32,696 55,537 24,264 104,421 54,283 46,732 56,906 66,078 104.512 76,308 91,327 121,635 211,709 38.826 88,649 91,327 121,635 211.709 38.826 88,649 211,564 126,272 212,549 44,163 211,584 211,564 180,807 823,344 1.034,908 835,223 12. Taxatlon Major components of lax •xpen8•11Incorn•) 2023 2022 Current tax; UK curient tax expensel(income) Taxatlon 2,743 2.743 {93) {93) 13. N6t expendlture Net expenditure is 8ialed after chargingl(¢redltlng): 2023 2022 Deprecialion of tangible fixed assets 81,055 79,500 14. Staff costs The total staff costs and employee beneffts for Ihe reporting period are analysed as follows: 2023 2022 Wages and salaries Social security Costs Employer contributions to pension plans 637,940 49,476 17,130 704,548 S42,496 40,993 9,620 593,109 The average head counl of employees during the year was 38 {2022' 32). No employee received employee benefits of more than £60,000 durlng the year (2022.. Nil). Pag• 28 The Resurgam Community Development Trust Limited Company Limited by Guarantee Notes to the Financlal Ststements (¢ontlntseo) Year ended 31 March 2023 15. Trustee remuneratlon and expenses No Irusiees received remuneiation or other benefft5 through employment with Ihe charty. 16. Tanglble fixed assets- Group Freehold Building Fixture5 and property Alleralion fittings Motor vehic￿S Equipment Total Cost At 1 Aw 2022 Additions 2.125.149 26.776 12.000 38.776 332,919 13,482 346,401 5,926 17,9(KJ 23.826 91.570 2,582,340 1,361 44,743 92.931 2.627,083 At 31 IAar 2023 2.125,149 ' Depreclatlon At 1 Apr 2022 Char9e l•X Ihe year At 31 Mar 2023 669,576 20.013 288.026 5.926 82.833 1.066,374 59,C()S 728,582 3.878 23.891 16,102 304,128 1.025 81.055 6,970 83,858 1,147.429 Carrylng amount At 31 Mar 2023 1.396,567 1,455,573 14.885 6,763 42,273 16.856 9.073 1,479.654 8.737 1,515,966 At 31 Mar 2022 44,893 Tanglble fixed assets - Company Equipment Totsl Cost At 1 April 2022 Additions 72,854 1.361 74,215 72.864 1.361 At 31 March 2023 74,216 D•preclation Al 1 April 2022 Charge lor the year At 31 March 2023 68,020 454 66.020 88.474 60,474 Carryln9 arnount At 31 March 2023 7.741 7.741 6,834 At 31 March 2022 6,834 Page 29 The Resurgam Community Development Trust Limited Company Lirnited by Guarantge Notes to the Financial Statements (eon(Inuo0) Year ended 31 March 2023 17. Investments Investment properties Cost or valuatlon At 1 Apfll 2022 and 31 Mafch 2023 Impalrmfjnt At 1 Aprll 2022 and 31 March 2023 Carrylng amount At 31 March 2023 1.770.673 1,770.673 1,770,673 Al 31 March 2022 All investments shown above afe held at valuation. Inv•$tmont propertleg Investments are listed at valuation in the financial statements as valued by G P mCGarr￿le of Survey Services Bellasl. Th• direclorn have ass•ssod thai thère has been no subsequenl material changes in valuallon. 18. Stocks 2023 2022 Raw materials and consumables 19,950 18,000 19. Debtorn Group Company 2023 2022 2023 2022 Trade deblors Prepayments and accrued income Other deblor8 137,571 133,215 104,324 6,620 4,817 5,364 26,827 38,390 32,540 92.910 711 46.159 170,018 176.422 142.218 139,780 20. Cr¢ditor8: amounls falllng due withln one year Group 2022 Company 2023 2023 2022 Bank bans and overdrafts Trade credilor3 Accruals and deferr&1 Income Corporation tax Social security and other taxes Other creditor5 10,668 10.668 97,467 107.241 42,698 77.325 184.484 131,982 184,484 118.450 217 542 10,879 10,173 18,455 2,116 303,220 271,004 227,182 206.443 Pag• 30 The Resurgam Communlty Development Trust Limited Company Limited by Guarantee Note8 to the Financlal Statements (conllnu•tYJ Year ended 31 March 2023 21. CredltoTr: amounts falling due after mor• than one year Group 2022 Company 2023 2023 2022 Bank loans and overdrafts Other loans 19,576 19,942 19.576 19,942 19,942 39.518 19,576 22. Deferred tax The deferred lax included In Ihe T•lat¢menl of flnanclal P￿illon13 as follows.. 2023 2022 Included in provisions (note 23) 4,808 2,355 23. Provlslon¥ Deferred tax Inoto 22) At 1 AFYII 2022 Additions 1,555 3,253 4,808 At 31 Ma￿h 2023 24. P•n8lons and olh•r post rètlrnment ban•flt8 Defined contrlbution plans The amount recognised In In¢ome or expeThliture as an expense in relation io defined contribution plans was £17,130 (2022.. £9,620). 25. Analysls of charltablfr funds Unra8lrl¢ted funds At 1 April 2022 At Transfers 31 Mar 2023 Income Expenditure General funds Social Enterprise Development Fund Operational Fund 546.076 1,169,156 (1,093,191) (50,350) 571,691 150.000 (40.350) 40,350 10,000 150,0(K) 10,000 731,691 696.078 1.169,156 (1.133.541) Page 31 The Resurgam Community Development Trust Llmited Company Limited by Guarantee Notes to the Flnanclal Statements (contlnuedj Year ended 31 March 2023 24. Unrestrlcted Funds (continued) At 1 April 2021 Al Translers 31 Mar 2022 Income Expenditure General lunds Social Enlerpri8e Development Fund 562,141 908,350 (922,414) 546,076 150.000 150,000 696,076 712.141 906,350 (922,414) 25. Analy818 ol charltable lund8 R•strl¢ted fund8 At 1 April 2022 At Income Expenditure 31 Mar 2023 Resurgam Propety Bi9 Lottery Healthy Living Lisburn Cty Council Dfc Community Academy Soclal Prescribing NIHE Comi¢ Relief SEMM Other Fund•rs Laganview Enterprise Centre 925,000 730,928 4.287 925,000 730,928 4.287 55,537 32,696 104,421 121,635 38,826 91,327 88,849 54,286 24,261 31,710 643,345 (55,537) (32.696) (104,4211 (121,635) (36,826) (91,327) (88,649) (S4,2861 (24,2611 (90,7161 (702,3511 57,353 1.425,231 3,142,800 S7,353 3,083,793 At 1 April 2021 Al 31 Mar 2022 Income Expenditure Resurgam Property Big Lottery Healthy Living Llsburn Cty Council 925,000 730,929 4.287 925,000 730,929 4,287 56,906 46,732 104,512 126,272 44,163 143,887 38,991 ($6,906) (46,7J21 (104,512) (126.272) (44. J63) (143,8871 57,353 (97.998) 1.425,231 (620.470) 3,142,800 Communty Academy Social Prescribing Olher Fund•r8 Laganview enierprise Cenlie 57,353 1,484,238 3,201,807 561.463 32 The Resurgam Communlty Development Trust Limited Company Limlted by Guarantee Notes to the Financial Statements (¢onllny•O Year ended 31 March 2023 26. Analysls ol ngt a8sets botween fund$ Unrestricted Restricted Total Funds Funds Funds 2023 Tangible fixed assets Investments Current assets Creditors less than 1 year Creditors greater Ihan 1 yoar Net asset8 65.615 1,414.039 1.770.673 1,479,654 1,770,873 888,127 (303,028) (19.942) 3,815.484 888.127 (202,109) (100,919) (19,942) 731.691 3.083,793 Unrestricted Funds Restrlcied Total Funds Funds 2022 Tangible fixed assets Investmenls Current asse15 Credltors less Ihan 1 year Creditors greater than 1 year Net a88et8 42,922 1,473,045 1,770.673 1,515,967 1,770,673 865,113 (273,359) (39.518) 3,838.876 865,113 {172,414) (100,918) 139.518) 552,236 3.286,640 27. Analy818 of Changes In n•t d•bt At At 1 Apr 2022 Cash flows 31 Mar 2023 Cash at bank and in hand Debl due within one year Debt due after one year 670,691 (10,668) (19,576) 640,447 32,488 10.668 19.576 703,159 62,712 703,159