RE:SOURCE BLACKBURN
Having acquired the Cotton Exchange building, we have developed our Business Plan to transform it into a hub for the town. We have secured funding to employ an architect to take our plans as far as RIBA stage 3, which are to be submitted in the first quarter of 2023. We have planned a programme of community and heritage events which will run from March 2023 for 12 months.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £234,176 for the year ended 31 March 2025, driven by significant grant income. The trustees confirm the charity has adequate resources to continue as a going concern, with unrestricted funds totaling £1,067,447. However, the charity is ceasing ongoing events to prepare for major refurbishment works, which has reduced income streams to minimal levels.
What the accounts disclose
“The trustees have assessed the charity's reserves requirements and have agreed that free reserves equal to 3 months' operational expenditure should be maintained which amounts to around £15,000.” — page 5
“During the year the charity received donations from Re:ignite Church of £12,000 (2024 £24,037) and rental income of £6,785 (2024 £6,785). The charity also received an interest-free loan from Re:ignite of £15,000 which was repaid in the year. Two of the trustees for Re:lgnite are also Trustees of Re:Source.” — page 14
Property (HM Land Registry)
Trustees
- JOHN JAMES MCGREGORchair
- David Salisbury Bamber
- Dr Alastair Murdoch
- Dr Haroon LalDin
- JANET MURDOCH
- JILL MITCHELL
- Marie Crook
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £346k | £112k |
| 31/03/2024 | £255k | £207k |
| 31/03/2023 | £129k | £134k |
| 31/03/2022 | £94k | £98k |
| 31/03/2021 | £77k | £55k |
Common questions
Is RE:SOURCE BLACKBURN financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net surplus of £234,176 for the year ended 31 March 2025, driven by significant grant income. The trustees confirm the charity has adequate resources to continue as a going concern, with unrestricted funds totaling £1,067,447. However, the charity is ceasing ongoing events to prepare for major refurbishment works, which has reduced income streams to minimal levels. Its FY2025 accounts were independently examined.
Who funds RE:SOURCE BLACKBURN?
Funders whose own accounts filings name RE:SOURCE BLACKBURN as a grant recipient include THE ARCHITECTURAL HERITAGE FUND, THE HAROLD AND ALICE BRIDGES CHARITY, THE CARMELA & RONNIE PIGNATELLI FOUNDATION, THE ARCHER TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE ARCHITECTURAL HERITAGE FUND | FY2022 | £87k | Crowdfunding Challenge Grant |
| THE HAROLD AND ALICE BRIDGES CHARITY | FY2024 | £4k | |
| THE CARMELA & RONNIE PIGNATELLI FOUNDATION | FY2023 | £3k | |
| THE ARCHER TRUST | FY2023 | £3k | Charitable activities |
| THE ARCHER TRUST | FY2024 | £1k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 08/02/2023 | £191k | "Embracing the past to transform the future" |
| The National Lottery Community Fund | 05/08/2022 | £10k | The Exchange Blackburn |
| UK government | 11/09/2020 | £10k | Coronavirus Community Support Fund |
| The National Lottery Heritage Fund | 29/02/2016 | £9k | "'Embracing the past to transform the future' - New life for Blackburn Cotton Exchange" |