## **THE RUDYARD LAKE TRUST** REGISTERED CHARITY NUMBER – 1056268 DATE: DECEMBER 16, 2024 ## **Trustees Report re Financial Year 01/04/23 to 31/03/24** The year 23/24 proved to be a good one for our Trust despite the continuous wet weather largely thanks to the generosity of our supporters either making donations or leaving us items for sale to assist our cause, these totaled over £32,000 providing us with scope to develop our ongoing projects. “Sunray” our new electric trip boat, continued to be a popular asset, operated by volunteers and she has carried over 1000 passengers during this period educating those on board as to the Lake’s history, wildlife, flora & fauna etc. and she’s a huge asset to the Trust. The “Honey Lives On” project continues despite the fact that unfortunately our lottery application, submitted in November ’23 was unsuccessful. This however has not deterred us & we will press on turning this piece of Naval history which has helped the Trust since 2005 in to an Educational facility based at the Lake, sitting on a specially designed steel cradle over the Lake. We are also working on a scheme to replace our Adventure Play Area which will require the necessary permissions of course but it is hoped to complete this by the Summer of 2025. We take this opportunity to thank all our volunteers who help keep Rudyard Lake liter free and help with various tasks including renovation & repairs along with fund raising. Ray Perry Chair **The Dam Head Rudyard Lake** **Rudyard Nr. Leek ST13 8XU** **01538 306280 /07718 808881** Email: **info@rudyardlake.com** Website: www.rudyardlake.com RUDYARD LAKE TRUST STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST MARCH 2024 Unrestricted fund5 Restrf¢tsd funds Total 2023 Incomlng resources i (Nots 2) Donations, legacies and Grants Fees for tharitable services Boat trips Interest Re￿iVed Total incoming resources 42414 400 11123 1760 55697 20000 62414 400 11123 1760 75697 37135 552 11320 318 49325 20000 Resources expanded Rent, rates and insurance Light and heat Repairs and Maintenance Boat trip income paid to League of Friends - current year prior year Legal and professional fees Sundries Depreciation Total resources expendad 913 492 1863 913 492 1863 52 372 1173 5544 5544 5469 3221 6257 1674 17827 36045 2919 981 4526 17238 2919 981 15348 28060 10822 10822 Net incomlnglloutgoing) resources 38459 9178 47637 13280 Total funds brought forward 276971 355197 632168 618888 Total funds carrled forward 315430 364375 679805 632168 Page 1 RUDYARD LAKE TRUST BALANCE SHEET YEAR ENDED 31ST MARCH 2024 2024 2023 Fixed assets Tangible assets Total fixed assets (Note 3) 463,132 483,132 478,480 478,480 Current assets Debtors (Note 4) Cash at bank and in hand Total current assets 1,960 214,714 216,674 2,901 150,787 153.688 Net current assetsl(liabilities 216,674 153.688 Total assets less current liabilities 679,806 632,168 Net assets 679,806 632.168 Funds of the Charity Unrestricted funds Restricted income funds (Note 5) 315,430 364,376 276,971 355,197 Totsl funds 679,806 632,168 Date of approval Page 2 RUDYARD LAKE TRUST NOTES TO THE ACCOUNTS YEAR ENDED 31ST MARCH 2024 Accounting Policies A¢￿u￿tIng Bases The financial statements have been prepared on a re￿IPtS and payments basis b) Voluntary In¢omo Voluntary income is accounted for on a receipts basis. other Incoming Resources other incoming reSoUr￿S are accounted for on a receipts basis. Other income resour￿$ are allocated between the restricted and unrestricted funds as appropriate. d) Resour¢es Expended All expenditure is accounted for on payments basis and has been classified under headings that accord with the Statement of Recommended Practice. Expenditure is allocated betsveen the restricted and unreslricted funds. Tangible Fixed Assets All expenditure on tangible fixed assets is capitslised and recognised on the Bal8nce Sheet at cost, net of depreciation. Depreciation Depreciation is provided for on all fixed assets with a finite useful life. Depreciation is calculated using the straight4ine method over the useful life of the iridividual asset. g) Taxation As a charity the Trust is exempt from tax on the income and gains arising from its charitable activities and its investments, to the extent that such income and gains are applied for charitable purposes only. Page 3 RUDYARD LAKE TRUST NOTES TO THE ACCOUNTS YEAR ENDED 31ST MARCH 2024 (CONTINUED) Analysis of income resources Ana Unrestricted Restricted 2024 2023 Donations, Legacies Donations from the public and Grants Donations from Rudyard Lake Ltd Intsrest Received 12,414 30,CrfJO 1.760 20,(NJ) 32,414 30,000 1,760 2,135 35.000 318 Total 44.174 20.000 64,174 37,453 Fees for charftable serviceg Boat Hire and Talks 11,523 11,523 11872 Total 55,697 20.1)JO 75,697 49.325 Tanglble flxed assets 3.1 Cost or valuatlon Other land & bulldln Plant, machlnery and boats Total Balance brought forward Addthons Balance carried forward 888.755 126,631 1,015,386 888,755 126.631 1,015,386 3.2 Accumulated deprclatlon and Impaimient provlslons Balance brought forward 508.797 28,109 536,906 Depreoation charge for year 9,047 6.301 15,348 Balance carried forward 517,844 34,410 552.254 3.3 Net book value Brought forward 379,958 98,522 478.480 Carried forward 370,911 92,221 463,132 Page 4 RUDYARD LAKE TRUST NOTES TO THE ACCOUNTS YEAR ENDED 31ST MARCH 2024 (CONTINUED) Debtors and prepayments Amounts fallin du# wlthln ono ar Analysis of debtor5 2024 2023 Amounts due from Rudyard Lake Limiied 1,960 2.901 Movements of major funds Analy818 of restricted funds Fund balan¢es brought forward Fund Balances carried forward Incoming Resources resour¢es ex ended Fund names Wisitor and information centre Pontoon Activity Centre Earl of Macclesfield Boathouse Café extension Workroomlstorage area Visitor Trip Boat Driveway Total funds 43.732 6.115 107.738 40.309 16,588 56.208 84.507 1,113 42.619 5,951 105.108 39,171 14,274 54,522 82,731 20,OCKI 364,376 2.630 1.138 2.314 1.686 1,776 20.000 20,000 355,197 10,821 Analysis of net assets between funds Unrestrlcted Restricted Funds Total Fixed assets Net Current a55ets 118,756 216.674 344,376 20.000 463,132 236,674 Total net assets 335.430 364.376 699,8C Page 5 THE RUDYARD LAKETRUST INDEPENDENT EXAMINERS REPORT YEAR ENDED 31ST MARCH 2024 Report to the trustees/members On accounts for the year ended Set out on pages The Rudyard Lake Trust 31" March 2024 Ito5 Respective responsibilities of Trustees and Examlner The Charitvs trustees are responsible for the preparation of the accounts. The Charitvs trustees consider that an audit is not required for this year (under SeCt￿n 4312> of the Charities Act 1993 (the Act)) and that an independent examination is needed. It is our responsibility to: examine the accounts (under section 43(3J{al of the Act); follow the procedures laid down in the General Directions given by the Charwty Commissioners {under section 43(7)Ibl of the Act),. and State whether particular matters have come to my attention. Basis of independent examlnerfs Ststement Our examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the accounts. Independent examine￿$ statement In connection with our examination, no matter has come to our attention. I Which gives us reasonable cause to believe that in any material respect the requirements: To keep accounting records in accordance with section 41 of the 1993 Act; and To prepare accounts which accord with the accounting record5 and comply with the accounting requirements of the Act Have not been met: or 2 To which, in our opinion, attention should be drawn in order to enable a p er understanding of the accounts to be reached. Signe Dated.. Thompson Chartered Accoun Ebenezer House Ryecroft Newcastle Staffs ST5 28E Page 6