Docusign Envelc*pe ID: 8E35EOC2-C34PAAAD7-2Q7fj29A5BcF7 Registered number: 05320404 Charity number.. 1061551 Rvrol Action Derbyshire Tru51ees' Reporl ond Finonclol Stotements for the yeor ended 51 Morch 2024 AUD5T
Docusign Envelope ID.. 8E35EOC2-C34&4AA8-AAD7-207629A5BCF7 Rvral Action Derbyshire (A company limited by guarantee) Contents Poge Reference and Administrative Details of the Chority. tts Trustees and Advisers Trustees, Report 2-10 Independent Examiner's Report Statement of Financial Attivities 13 8olance Sheet Statement of Cash Flows 16 Notes to the Flnanclal Stotements 17-34
Doeusign Envetope10.' 8E35EOC2-C3484M8-AAD7-207629A5BCF7 Rvral Action Derbyshlre (A company limited by guarantee) Reference and Administrative Detoils of the Chority. its Trustees and Advlsers for the year ended 31 March 2024 Trustees Mrs A W Monlocute. Chair Nr W Tudor Jones. Vice Choir Mr M J Hoynes, Trecjsurer Mr S G Toylor MrRNEWolsh Mrs A Wheelton Ms V E Broom Mr R A Bennett Mr P D Dewhurst (oppointed 19 Febrvory 2024} Mr P 14iles (oppointed 19 Februory 2024) Ns F J Brookes (resigned 11 April 2024) Company regisiered number 03320404 Charlty registered number 1061531 Registered offlce Town Hall Bonk Rood Motlock DE4 3NN Chief executive offlcer Ms B Porker Accountants Doins Audit Limited Suite 2. Albion House 2 Etrurio Office Village Forge Lone Stoke on Trent Stoffordshire STI 5RQ Poge 1
Docusign EnveFope ID.. 8E35EOC2-C3484AA8-AAD7-207629A5BCF7 Rural Action Derbyshire {A company limited by guarantee) Trustees, report for the yeor ended 31 Marth 2024 The Trustees present their onnual report together with the financiol statements of the chorily for the 1 April 2023 to 31 Morch 2024. The annuol report serves the purposes of both o Trustees, report ond o directors, report under compony low The Trustees confirm that the annual report ond f inoncial slotements ol the choritoble comF)ony comply with the current slolvlory requirements. the requirements of the charituble compony's ooverning document and the provision5 of the Stolement ol Recommended Proctiee (SORP) applicoble to chorities preparing their accounts in occordonce with the Finijncial Reporting Stondord app15cable Sn the UK and Repvblic of 5relond (FRS102) (effective l Januory 2019). Slnce the charity ouolifies os small under section 382 of the Componies Act 2006, the strotegic report requlred of medium ond lorge Companies under the Componies Act 2006 (Strategic Report ond Directors, Report) Regulolion$ 2013 hos been omitted. Objectives and activities a. Polictes and objectives Rurol Action Derbyshire's alm Is to ensure the well-belng of the people who live ond work in rurol Derbyshire and thot they ore not unduly disodvantaged. Their mission stotement is.. We believe thot no-one should be unfairly disodvantoged because they live in o rurol area. Their strotegic obieotives ore.. To help remove borriers thot prevent people from toking up opportunities. living well and parlicipoting In doily life. To enoble commvnilie5 to develop more control. protect ond develop community ossets. ond bulld resilience ond community spirit To address rural disodvontoge, particulorly for vulneroble or low-income groups. To support rural economic development and sustoinoble rurol communities. To grow ond develop Rvral Action Derbyshire to secure Its f ulure sustc)inobllity. It does this.. prowiding direct sepdices to help people and groups in rurol communities. By roising awareness of the issues foced bu rurol communities Rural Action Derbyshire is one of 38 rural comrnunitu councils in England and is o member of Actlon with Communities In Rvrol England (ACRE) In setting objectives and plonning for octivities, the TrLJStees hove given ¢Jue consideration to general guidance published by the Chori*y Commission relating to publbc benef it. including the gvidonce 'Public benefit., running a charity (PB2)'. Poge 2
Otscuslgn Envelope ID., 8E35EOC243484PA8-AAD7-207629A5BCF7 Rvral Actlon Oerbyshire (A tompany limited by gvorontee) Trustees, report (continved) for the year ended 51 March 2024 Objectives and actlvlties {contlnued> Chair's Stotement l om delighted io present the onnuol report for Rurol Action Derbyshlre. celebroting o year of remorkable ochievements and unwaverlng dedicotion. Despite the challenges. our chorily has mode sionificont strides in supporting ond enriching the lives of rural communities across Derbyshlre. This yeor hos been exceptionolly busy and successf ul. thonks to the collective efforts of our incredible staff, volunteers, ond trustees. Their commitment ond hord work hove been instrvmentol in driving our mission forword. ond l extend my heortfeli grotitude to eoch one of them. Ovr projects have continued to make o substontial impoci. Through Rurol Communlty Development, we hove empowered locol volunteers monoging Villoge Halls ond Community Buildings, ensuring these vital spoces thrive. The Feeding Derbyshire inlliotive hos tockled food poverty head-on. monoglng Communlty Pnntries and supporting school Holiday Activities tsnd Food progr(Jmmes, providing essentiol nourishment to those In need. Digitol Inclusion remoins a CDrnerstone of ovr work. with refurbished devices ond troining helping individuols novlgote the digital world confidentlu. The Willow Project has been cruciol In roising oworeness of domestic obuse in rurol oreos. equipping communities with the knowledge ro Identify ond oddress this criticol Issue. The Rurol Hardship Fund hos provlded emErgency support lo ihose focing dire circumstonces. offering o lifeline when it was needed mosl Our Whee15 lo Work scheme hos enobled 74 beneficiories to occess mopeds ond blkes, focilitotin9 better employment ond educotional opportunities. Additionolly. our Fuel Poverty / Oil Buying project hos successfully purchused 443.000 lilres of oil. ensuring members con heot their home5 offordably. These ochievemenls orè o testamenl lo the dedicotion ond posslon of our teom. l om incredibly proud of what we hove occomplished together ond am coofident that our continued efforts will drive f urther positive change in the yeors to come. snett by.. nqthlrtujb 891019BC99411 Angefa Montocute Choir si. lo.z¢ Po9e 3
Docuslgn Envelope ID.. 8E35EOC2-C3484AA8-AAD7-207629A5BCF7 Rurol Action Derbyshire (A compony limited by guarantee) Trustees. report (contlnued) for the yeor ended 51 Morch 2024 Objectlves and ttetivities (continued) Chief Executive's Report R4D focuses its efforts on projects which moke the most dlfference to vulnerable people. especially those living in the more rural oreos of Derbyshire. All of us have contbnued to experience the infloted cost of living. porticulorly affecting food. housing ond energy costs. As we know, people living in rural oreos tend to Spend more on these essentiol costs due to lock of choice, high travel costs ond limited ovoilobility of affordable home5, More families ore being pusheci into relative poverty as o result. RAD responds to the needs of the Community in 5everol woys: we hove o strong focus on fuel and food poverty ond hove mode o reol difference to commup.ity pantry members who collectively saved opproximotely £900,000 compared lo supermorket price5. We have d15tribvted over £16.000 in hordship gronts to people struggling on a income. Members buying oil through our oil buying have collectively soved olmost £37,000. Like mony chorities we are keen to demonstrote the added volue of our work. From these three projects alone. we hove soved Derbyshire residents olmost a million pounds. enabling them to eat better heot their homes ond sloy well. In our report we olso describe our other projects which contribute to keeplng people sofe. connected ond enabling communities and people to thrive. This exceptionol performonce is due lo the de(Jication oynd enthusiasm of RAD staff ond the support of our 8oord. our funders. ond oui- portners. As we enter Dur centenory yeor, we will reflect on the varied chollenges for rural communities over the logt one hundred years, ond look forward to continuing lo moke o real difference for those who need It most. Srdned by". EOE8EE583D77474 Beverley Parker CEO 71.10-z4 Poge 4
DocAJsign Envelope ID.. 8E35EOC2-C3484AA8-AAD7-207629A5BCF7 Rvral Action Derbyshlre (A compony limited by guarantee) Trustees, report (continved) for the year ended 31 March 2024 Qbjectives ond aetivltles (continued) b. Main actlvities vndertoken to further the ehority's purposes for the public benefit Alm: To help remove borriers thot prèvent people from toklng up opportunities. livlng well ond participatlng In daily life. Wheels to Work Lock of rail & bus provlsion between key destinations, ond no subsidies in rural oreos. meons occe55 to work, apprenticeships ond training is significontly more expensive thtsn in urban cjreos. This mokes rurol residents more reliant on car5. The Deportment for Transport tound thot 50% of rurol people live in areos with the poorest occesslbilitu to services. Wheels to Work breoks down barriers through providing bicycles. e-bikes ond mopeds for those in need In Derbushire. Over the post yeor, we hove supported 19 new storters on mopeds, 2 on e-bikes, ond 13 with bicycles As Wheels lo Work enters its 2IXh yeor. we ore excited to be preparing for o new oll electric scheme in Stoveley ond the surrounding oreo with the oddltlon of Èlectrlc mopeds lo ihe fleet. Digital Inclusion Whether it's accessing your bonk c)ccount. chatting to friends or family, or getting the supermarket shop delivered to your door. we ore living in on increasingly digilol world. Poor occesg to reliable broodbond, ond o lack of iiiformotlDn on how to get storted wlth technology continue to oct as borriers to accessing the opportunitles the virtuol sphere can provlde. In fact. many residenls In Derbyshire have still never used the internet. Digitol Support Derbyshire oim5 to reduce the county's digital divide by creoting a network dedlcated to helping people connect safely with their communlries. This network con515ts of individuals committed in some woy to tockling this divide. including our Digital Champions, who hove received training to provide the necessaru guidonce to get more people online. We have dellvered pllot projects wilh Pcrefurb and Workpoys. The first with Pcrefurb hos enobled donated devices to be refLJrbished and given lo groups ond individuals, enhancing online occess. The second with Workpoys hos roised oworeness about cligitol exclusion through troining. We ore olso delighled to have secured futvre fundlng for this project from Derbyshire County Council PL)blic Health ond the NHS. Page 5
Docusign Envelope ID." 8E35EOC2-C3484AA8-MD7-207629A5BCF7 Rural Action Derbyshire (A campany limited by guorontee) Trustees, report (continued) for the year ended 51 Morch 2024 Objectlves ond activities {continued) Aim: To enable commvnities to develop more control. protect ond develop commvnity assets and build resillence and communlty splrlt. Commvnlty Buildings Advlsory Servieè For over a centvry, community buildings hove octed os vitol sociol hvbs for rurol people. In foct, reseorch by ACRE hos found thot in 60UA ot villoges, community holls are the only ploce for people to meet in the orea. Yet these hubs ore focing growing chollenges post-covid. with volunteers finding It difficult to deal with the finonciol OnLI operotionol Impocts of such o difficult period. We provlded toilored advice to individuol community buildings ossistino them wlth thelr speciflc issues and concern5. Advice and support were olso provided to other organizotior)s. such (Js Parish Councils. district Community Volunlory Services. ond other local charities. Aim: To address rvral disadvontoge partlcularly for vvlneroble, morginolised or low-income grovps. The W511ow Project Domestic obuge is s*iill olorminglg prevolent throughout the country. In rvrol oreos, this obuse con lost 25% longer than in urbon oreas, Ds mony victims ore i501oted ond cul off from support services, und ore living in "tradltional potriarcha communities thot control ond subj ugate women" occording to ihe Notionol Rurol Crime Network. Our domestic obuse oworeness troining informs participonts of the signs of the obuse ond provides advice on how to help those who mou be in need. In the post yeor, wè hove troined over 173 people ocross the county. In oddition. vJe have delivered 11 tolks and attended 11 events. We hove olso produced 29 podcast episodes on vorious toplcs. Includlng mole victims and incels. Further to thig, we hove a network of Willow Project Chompions. who roise oworeness of issues oround domestic obuse in their locul areas. The Champions engoged in 15 oclivitie5. from public events to group meetings. Feeding Derbyshire With the cost of grocerie5 continuing to rlse, an increasing number of people hove been forced to rely on food bonks for their weekly mea15. This challenge is even more presslng in rvral communities. where there is often a lock of budget supermorkels and cheaper ollernotives. Qur Feeding Derbyshlre teom continue to develop the Affordoble Food Network. which consists of 8 community pantries ocross the countu. These ore community-run, member-based stores sel2ing nvtritious food and groceries for a fractlon of the cost of o svpermorket shop. We hove worked with the network lo support o ropidly growing membership, currently there ore 2.953 rnembers in total. The network continbes ro grow, ond S more pontries ore sel lo join the network Imminently. Our teom have estoblished a partnership with Chesterfield Footboll Club for food poverty initiatives, storting with donotion boxes al the stodivm. They have also developed o food supply pilot to oddress supply and cost issues. securing funding from Feèding Britoin ond SC Johnson. Cruciolly our teom have been aworded the tender to contlnue delivering Feeding Derbyshire for 2024-2026. Poge 6
Docusign Envelope ID.. 8E35EOC2-C3484AA8-AAD7-207629A58CF7 Aural Action Derbyshire (A compony Ilmited by guarantee) Trustees, report (continved) for the year ended 31 March 2024 Objectives and activities (cantinued) Fuel Poverty Rising energy bills huve affected people across the country ond continue to be chollenging for the 67.000 Derbyshire households living off the mains gos grid - with os mar)y as 40% of properties in the Derbyshire Doles relying on oil, cool, or liquid petroleum gas (LPG) to warm their home5. For those off moins gos and using oil, prices are not regulated, moking it impossible for some households to budget. While there moy be no formol methods for protecting off-gos households. RAD'5 collective borgoining power through our Community 015 Buying Scheme helps to keep cos15 at more monogeable levels. Lost yeor. we saved our 800 members on overage of 8 pence per litre on their heoting oll by negotioting with suppliers A tolol of 159 new members joined the scheme. and we ordered 443.154 litres of oil for them. collectively saving oround £37.000. Rvral Hardship Fund and Oil Bank We run o Rurol Hardship Fund to help people in rurol oreos of Derbyshire who are suffering extreme hordship. RAD helped with household costs through its Rurol Hardship Fund. Thls helps those who are ir) financiol hordship ond need help with critical expenses. If o cor. fridge, cooker or washing machine breoks down for instonce, mony people will struggle to find the money to get It repaired or replaced. Of the Hordship Fund opplicalions received. 73 were successful. The items ronged from food. cool ond energy costs to furniture and white goods. We also hod 6 successful Oil Bank applicotions. We know Irom the feedbock received that this work enobles people to stay well ond WOTM. 11 a150 reduces the onxlety and worry which impocis on our benef iciaries physlcol ond mental health. Aim.. To support rurol economic and communlty development Derbyshire is a predominontly rurol county wlth 77% of the oreo clossed os rL*rol Rural oreos present particulor challenges fram on economic development persPÈCtive und Rural Action Derbyshire understands these chollenges well, We ore a key partner with statutory ond privote sector economic portner5hips and a source of knowledge and insight Into rvral commvnities. The Rvral Englond Shored Prosperity Fund wos lounched in the prevlous yeor and Councils in five district5 of Derbyshire collectively received olmost £2m odditionol funding towords rurol levellin9 up. Ovr CEO is one of severol community and bvsiiiess representotives supporiing the governance of these funds through membership of gronts panels during the year, This Importunt role ensures that applicotions are treated foirly ond consistently, Poge 7
Docusign Envelope ID.. 8E35EOC2-C3484AA8-AAD7-20762gA5BCF7 Rvrol Actlon Derbyshire (A Company limited bu gvarontee) Trustees, report (continued) for the year ended 31 March 2024 Financial review o. Going concern After making oppropriole enquiries. the Trustees have o reasonable expectation thot the charity has adequote resources to continue in operotionol existence for the foreseeoble future. For this re050n. they continue lo adopt the going concern basis in preporing the finonciol stotements. Further details regarding the odoption of the 90ing concern basis con be fovnd in the accounting policies. b. Reserves policy Unrestricted Funds It is the policy of the chority to moinloin vnrestricted reseNes, which ore the free reserves of the chority. ot o level thot eqvoies to approximotely three monihs of total expenditure. As ot 31 Morch 2024 free reserves omounl to £111,524 (2022 - £141.339) The charity hos corried higher levels of unrestricted funds due to o property sole in previous yeors. The mojority of the funds ore set 05ide os designoted funds to cover future redundoncy liobility ond to covei. the pension liobility risk oL*tlined in note 19. Restricted Funds Sufficient reserves should be reloined under eoch of the restricted reserves to meet the COPanY'S obligotions under thol fund. Quorterly monogement informotior) Is presented to the Monagement 8oard ond there ore four formol board meetings each year. Sub-committees ore called between the Boord Meetings to consider issues 0$ and when they orise In oddition, the Chairperson hos regular contoct with the Chief Executive Off icer. the Treasurer ond the Finonce Manager. Grant Moking Rurol Action Derbyshire is not o gronl-mokino body but sometimes Il Is osked lo odminister smoll gronl funds on beholf of funders. Funders The company directors wish to thank oll those who contributed to the compony'5 Income In 2023/24. A Ilst of the principol funders moy be found on the lost poge of this report. Their support is greatly volued Poge 8
Oocu51gn Envelope ID." 8E35EOC2£34WA8-MD7-207629A5BCF7 Rural Action Derbyshire (A company limlted by guorontee) Trustees, report (continued) for the yeor ended 51 March 2024 Structure, governonce and management o. Constitution Estoblished In 1924, Rurol Action Derbyshire. formerly Derbyshire Flurol Community Council, is on independent orgonisotlon ond registered charity operotlng ocross the counly. Its legol name is Rurol Action Derbyshire which Is Incorporated os o company limited by guarontee under the Componies Act. ond is olso registered os o chorSty. The compony wus formed to toke over the choritoble actlvlties ol Derbyshire Rurol Community Council ond dld so with effect from 1 April 1997. b. Methods of appolntment or election of Trv5tees The componu's Articles of AsSQClOtlon require the Board to consist of such honorory officers ond other members as sho51 be appointed ot the Annuol Generol Meeting. All the compony directors (Trusiees) hold office for a minimum term of three yeors to o maximum term of nlne Years. Any member of Rurol Action Derbyshire con also stand for election as a compony director provided he/she is properly nominoted ond seconded by oiher members. Company directors (Trustees) holding office during the period ore listed on poge 7 of this report. None of the company directors hos o service eontroct with the company. c. Financial risk mono9ement The Trustees have ossessed the mojor risks to which the chority is exposed, in particular those related to the operotions and finances of the charilu. and are sotisfied thot sysiems and procedures are in place to mitigate exposure to the major risks. The trustees htsve implemented o risk mano9emenl Strategy which ctsmprises". A quorterly review of the rlsks which th& chorlty mau face." The estobli5hment of systems ond procedures to miligote those risks identified in the plon., and The implemenlotion ol procedures designed to minimise potentiol Imptsct on the charily should onu of the risk5 materiolise. Poge 9
Do¢usign Envelope ID.. 8E35EOC2-C34&4AA8-AAD7-207629A5BCF7 Avral Aetion Derbyshire (A company limited by guarantee) Trvstees, report (contlnved) for the yeor ended 31 March 2024 Stotement of Trvstees. responsibllltles The Trustees (who are olso the dlrectors of the chority for the purposes of company law) ore responsible for preporing the Trustees, report ond the finoncial stotemenls in QCCDrdance with opplicoble low and United Kingdom Accountlng Stondords (United Kingdom Generally Accepted Accounting Practice). Company low requires the Trustees to prepore finonclal stotements for eoch finonciol period. Under compony low. the Tru51ees must not approve the financial stotemenls unless they ore sotisfied Ihot theg give a true ond fair view of the stote of offalrs of the chority ond of its incoming resovrces ond applicotion of resources. Inclvding Its income ond expenditure, for thtst period. In preporing these finonciol slotements, the Tru5tee5 ore required to.. select suitoble occounting policies and then opply them consistently., observe the methods and principles of the Charities SORP (FRS 1D2)' make judgment5 Qnd occounling estimate5 that ore reosonoble ond prvdent,. stote whether opplicfjble UK Accounting Stondards (FRS 102) hove been followed. subject lo ony material deporlvres disclosed ond exploined in the finonciol stotements.. prepore the finonciol stotements on the going concern basis unless it is inoppropriote to presvme ihot the charity will continue in business. The Trustees ore responsible for keeping adequate occounting records thot ore sufficient to show ond exploin the chorilu's tronsoclions ond disclose with reosonoble occurocy ol ony time the f inonciol position of the chority and enoble them to ensure thot the finonciol stotements comply with the Componies Act 2006. They are 0150 responsible for sofeouarding the assets of the chority ond hence for toking reasonable steps for the prevention ond detection of frovd ond other Irreguloritie5. Approved by order of the members of the boord of Trustees and signed on their beholf bu.. SI9¢< by.. B889',0198C99411 Mrs A W Montacute Choir ot Trustees Date.. 31.10-z¢ Poge 10
Docusign Envelope10.' 8E35EOC2-C3484AA&AAD7-207829A58CF7 Rvrol Actlon Derbyshirè (A company limited by guarantee) Independent Examine$ Report for the year ended 31 March 2024 Independent ExamIne$ Reptsrt to the Trustees of Rural Action Derbyshlre ('the charity,) I report lo Ihe charity Trustees on mu examination of the occounts of the chorlty for the yeor ended 51 Narch 2024. Responslbilities and 80s1s of Report As the Trustees of the charity (ond its directors for the purposes of compony low) you ore responsible for the preporation of the accounts in occordonce with the requirements of the Companies Act 2006 ('the 2006 Act,). Having sotisfied myself that the accounts of the charlty ore not reqvlred to be oudited vnder Port 16 of the 2006 Act ond are ellgible f or independent exominotion, I report in respect of mu exominotion of the chorily's occounts corried out under section 145 of the Chaf ities Act 2011 ('the 2011 Act,). In carrying out my exominalion I hove followed the Direttions glven by the Chority Commission under section 145(5)(b) of the 2011 Act. Independent Exomlnerfs Statement Since the chority's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm thot l om qualified to undertoke the exominotion becouse l om o member of ICAEW. which Is one of the listed bodie5. I hove completed my examinotion. I confirm thot no matters hove come to my ottention In connection with the examinotion giving me couse to believe.. occovnting records were not kept in respect of the chority as required by section 386 of the 2006 Act.. or the accounts do not accord with those records,. or the occounts do not comply with the occounting requirements of section 396 of the 2006 Act other thon ony requirement thol the occounts give o 'trvè and foir, vlew which is not o motler considered os part of on independent exominotion. or the occounts have not been prepared in accordance with the methods ond principles of the Statement of Recommended Practice for accounting and reporting by choritles [tspplicable to choritie5 preparing thelr accounts in occordonce with the Financial Reporting Stondord applicoble in the UK ond Republic of Irelond CFRS 102)] I hove nts concerns and hove come across no other motters ir) connection with the exominotiorn to which ottention should be drown in this report in order to enoble o proper understanding of the accounts to be reoched. Poge 11
Do¢Lf5ign Envelgpe ID.. 8E35EOC2-C3484A48-AAD7~207629A5BCF7 Rurol Action Oerbyshire (A company limited by guarantee) Independent Examinerfs Report (continued) for the yeor ended 51 March 2024 Use of this report This report is mode solely to the charity's Trustees. as a body. in accordonce with Parl 4 of the Choritie5 (Account5 and Reports) Regulotions 2008. My work ho5 been vndertoken $0 thot I might 5tote to the chority'5 Trvstees those matters I om required to stote to them in on Independent exominer's report ond for no other purpose. To the fullest extent permitted by low, I do not occept or 0S5LJme responsibility to anyone other thon the chority and the chority's Trustees os o body, for my work or for this report. Signed.. Doted /,16-* Simon Howkins FCA Doins Audit Limited Suite. Albion Hovse 2 Etruria Villoge Forge Lone Stoke on Trent Sroffordshlre ST15RQ Poge 12
DoGusign Envelope ID.. 8E35EOC2.C34HAA8-AAD7-207629A5BCF7 Rural Action Derbyshire (A compony limlted by guarontee) Statement of flnonciol activities (incorporoting Income ond expenditurè occounl) for the year ended 31 March 2024 Unrestricted funds 2024 Restritted fvnds 2024 Totol funds 2024 Totol f unds 2023 Note Income f rom.. Donollons ond legocles Charituble activities 3.552 1.116 4.648 6,987 80,541 529.727 610.268 725.397 Investments 9,228 9,228 2.844 Totol tnccme 93.301 530.843 624,144 755.228 Expenditure on: Choritoble octlvilies 123,116 660.991 784.107 791,524 Total expenditure 123.116 660.991 784.107 791,524 Net movement in funds before other recognised gains/(losses) (29,815) (130.148) 059,963) {56,296) Other recognised gains/(losses)'. Other goins 17.449 Net movement in funds (29.815) (130.148) (159.963) (38,847) Aeconciliation of fvnds: Totol funds brought farward Nel movement in funds 141.539 454.785 596.122 634.969 (29.815) (130.148) (159.963) (38.847} Total funds carrled forword 111.524 324.635 436.159 596,122 The Stotemenl of Financiol Actlvities includes oll gains ond losses recognised in the year. The notes on pages 17 to 34 form part of these finonciol stotements. Poge 13
Docusign Envelope ID.. 8E35EOC2-C3484AAWD7-207629A5BCF7 Rurol Action Derbyshire (A compony limited by gvarontee) Registered nvmber.. 03520404 Balance sheet As at 31 Morch 2024 2024 2023 Note Current assets Debtors 37,074 49.376 Cosh at bank ond in hand 647.757 666,490 684.831 715.866 Creditors.. omounts falling due within one year 12 (225.856) (84,379) Net current assets 458.975 631487 Total assets less current Ilabilltles 458,975 631,487 Creditors.. amounts folling due after more thgn one yeor 13 (20.756) C30.747) Net assets exclvding pension liability 438.219 600.740 Defined benefit pension scheme liability 19 (2.060) (4,618) Tolal net assets 436.159 596.122 Charlty funds estricted f unds 14 324.635 454,783 Unrestricted funds 14 111,524 141,339 Totol funds 436,159 596,122 Page 14
Docusign Envelope ID,. 8E35EOC2-C3484AA8-AAD7-207629A5BCF7 Rural Action Derbyshire (A compony limited by guarantee) Registered number: 03320404 Balance sheet (continued) As ai 31 March 2024 The chority wos entitled to exemption from audit under section 477 of the Componies Act 2006. The members hove not required Ihe company to obtoin an oudit for the year in question in occordcnce with section 476 of Companies Act 2006. The Trustees ocknowledge their responsibilltles for complying with the requirements of the Act with respett to accounting record5 and preparation of finonclal stotements. The finonciol statements hove been prepared in accordonce with the provisions opplicoble to entities subject to the small componies reglme. The financiol stotements were opproved and oijthorised for issue by the Trustees and signed on their beholf bu.. Slgned by". B8S91D198C99411. Mrs A W Montocute Choir of Trustees Dote." 31,1@-2¢ Registered number.. 03320404 The notes on poges 17 to 54 form part of these finonciol stotements. Page 15
Docuslgn Envelope ID.. 8E35E0C2-C34AA6_AAD7_2O7s29A5BCl7 Rvral Action Oerbyshire (A eompony limited by guarantee) Stotement ¢f cash flows for the yeor ended 31 Morch 2024 2024 2023 Cosh f lows from operating activities Net cosh used in operating octivitles 07.313) (21.622) Cash flows from investlng activlties Dividends, interests and rents from investments 9,228 2,844 Net cash provided by Investing actlvitles 9.228 2.844 Cash flows from finonclng actlvltles Repayments of borrowing UO.648) (10 733) Net cash used in financing artivities 0.648) 00,733) Change in cash and cash equivalents in the year (18,733> (29.511) Cosh ond cosh equivalents ot the beginning of the yeor 666.490 696.001 Cush and cash equivalents at the end of the year 647.757 666,490 The notes on pages 17 10 34 form part of these finonciol slotements Poge 16
Docusign Envelope ID.. 8E35EOC2-C3484AA8-AAD7-207629A5BCF7 Rural Action Derbyshire (A company limited by guarantee) Notes to the financial Statements for the yeor ended 31 Morch 2024 General information Rural Action Derbyshire is o privote company Ilmited by guorontee, incorporoted in Englond and Wales_ The members of the company are the trustees named on page 1. Its registered office Is Town Hall, Bonk Road. Motlock, Derbyshire. DE4 3NN. Accounting pollcles 2.1 Bosis of preparation of flnanclol statements The finonciol stotemenls hove been prepored In accordonce with the Charities SORP {FRS102) ~ Accounting ond Reporting by Chorities". Stotement of Recommended Proctice opplicable to chtsrities preporing their accaunts in occordonce with the Flnanciol Reporting Standord opplicable in the UK and Republic of Ireland (FRS 102) (effective l Januory 2019), the Flnanciol Reporting Standord opplicable in the UK ond Republic of Ireland (FRS 102) arid the Compor)ies Act 2006. Rurol Action Derbyshire meets the definition of o public benefit entity under FRS 102. Assets and liobilltles ore Inillolly recognised ot hi5toricol cost or tronsaction volue unless otherwise staled in the relevont occounting policu. 2.2 Going Concern The financiol statements have been prepared on a golng concern basis as the trustees believe that no moterlol uncertoinlies exist. The trustees hove consldered the level of f unds held ond the expected level ol income ond expenditure for 12 months from the signing of these finoncial stotements. The budgeted income ond èxpendElure is suflicient with the level of reserves for the chority to be oble to continue os u going concern. 2,3 Income All irncome is recognised once the chorlty hos entitlement lo the income. it is probable that the Income w511 be received ond the omount of income receivoble ccjn be measured reliably. For donations to be recognlsed the chority will hove been notified of the omounts and the settlement dale in writin9. If there ore cond11ions ottoched to the donotion ond this requlres o level of performonce before entitlement con be obtained then income is deferred until thoge conditions ore fvlly mel or the fulfillment of Ihose condilions is within the control of ihe chority and il Is proboble thot they will be fvlfilled. Poge 17
Docusign Envelope10'. 8E35EOC2-C3484AA8-AAD7-207629A5BCF7 Rvral Action Derbyshire (A compony limited by guorantee) Notes to the flnanclal statements for the year ended 31 Morch 2024 Accountlng pollcles (continued) 2,4 Expènditvre Expenditure 15 recognised once there is o legal or constructlve obllgation to tronsfer economlc benefit to a third porly. it is probable that a tronsfer of economlc benefits wi11 be required In Settlement and the omovnt of the obligotion con be measvred reliobly. Expenditure 15 clossif led by activity. The costs of eoch activity ore mode up of the totol of direct C05t5 and shared costs, Including support costs involved In undertoking eoch octivity Direct costs attributoble to o single actlvily ore allocoled directly to thot oclivily. Shared costs which contribute to more thon one oclivity ond support costs which ore not ottributoble lo a single octivity ore opportioned between those octlvities on a bosis consislenl with the vse of resources. Centrol staff costs ore ollocoted on the basis of time spent. ond depreciotion chorges ollocated on the portion of the 055et'S use. Expenditure on choritoble octivilies is incurred on directly undertoking the octivitles which further the chority's objectives, os well os ony ossocloled support costs 2.5 Interest receivable Interest on f unds held on deposit is inclvded when receivoble ond 4he amount can be meosured reliobly by the chority.. thi5 is normolly upon notificatlon of the interest poid or poyoble by the insiitution wlth whom the f unds tsre deposited. 2.6 Taxation The chority is considered to pa55 the tests set ovt in Porogroph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charltoble company for UK corporotion tox purposes Accordingly, the chority is potentially exempt f rom toxotion in respect of income or capitol goins received within categories covered by Chopter 3 Port 11 of the Corporation Tox Act 2010 or Section 256 of the Toxalion of Chargeable Gains Act 1992, to the extent thai such income or goins ore opplied exclusively lo charitc)ble purposes. 2.7 Pensions The compony rnokes pension contributions to The Pension Trust's Growth Plon, a multi-emploger defined bÈnefitg schème, the ossets of which are held separotelg from those of the chority in on Independently odministered fund. Normal contributions ore charged to the Stotement of Finonciol Activities (SOFA) in Ihe period in which they ore poyoble to the scheme. The pension liability Is the responsibility of the Pensions Trust which has identified the ossets/1iobililies of the scheme thot are altributoble to the charity. The pension svrplus/(deficit) Is calculated bo5ed on the nel present valve of fvture deficit poyments over a set term which is currently 9 yeors as required bu FFIS 102. The unwlnding of the discount is treoted as on interest expense wlthln the SOFA and golns/losses on re- mèosurement of the surplus/de*icit ore shown within the SOFA under other recognised goins ond losses. The compony also mokes pension contributions to personol pension plons os oppropriole to the employee. Contributlons are chorged lo the SOFA when due. Poge 18
Dtscusign Envelope ID.. 8E35EOC2-C3484AA8-AAD7-207629A58CF7 Rurol Action Derbyshire (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 Accounting policles (continued) 2.8 Debtors Trade ond other debtors ore recognlsed ot the settlement omovnt ofter uny trade d15count offered. Prepoymenls are valued at the amount prepoid net of any trode dlscounts due. 2.9 Operating leases Rentols poid under operoting leases ore chorged to the slolement of financiol oclivities on a straight line bcsis over the leose lerm. 2.10 Cash at bonk and In hond Cosh ul bonk and In hand includes cash and short-term highly liouid investments with 0 short maturity of three monlhs or less from the dote of acquisition or opening Of the deposit or similar occount. 2.11 Liabilities Liobilities ond provisions ore recogr>ised when there is on obligotion ot the balonce sheet dote os o result of post event, il is probable thot o transfer of economic beneflt will be required in setilement. and the omount of the settlement con be eslimoted reliobly. Liabilities ore recognised ut the omoLJnt that the chority onticipoles it will pou to geltle the debt or the omount it hos received cs advonced poymenls for the goods or services It must provide. 2.12 Financlal tnstruments The charity only hos finonciol ossels ond finoncial liabilities of o kind Ihol quulify os basic finonciol instruments. Bosic finonciol Instruments are iniliollu recognised ot tronsoction volue ond subsequenlly measured at their settlement vcjlue with the exception of bonk loons which ore subsequently measured ot amortised c051 using the effèctive Inieresl method. 2,15 Fund accounting Generol funds are unrestricted funds which are ovoilable for use at the dlscrelion of the Trvstees in furtherance of the general objective5 of the charity ond which have not been designated for other purpose5. Designated funds comprise unreslrlcled funds that hove been set aside by the Trustees for porllcular purpose5. The aim ond use of each desi9noted fund is set out In the notes to the finoncial statements. Restricted fvnds ore funds which ore to be vsed in occordonce with specific restrictions imposed by donors or which have been roised by the chority for particular purposes. The costs of raisin9 and odministering such funds ore choroed ogoinsl the specific f und. The oim ond use of eoch restricted fvnd is sel out in the notes to the finonciol statements. Investment income. gains and losses are ollocoted to the oppropriale fur)d. Poge 19
Docusign Envelope ID.. 8E35EOC2-C3484AA8-AAD7-207629AS3CF7 Rurol Actlon Derbyshlre (A compony Ilmlted by guarantee) Notes to the finoneiol stotements for the year ended 31 March 2024 Income from donations and legocies Unrestricted fvnds 2024 Restricted funds 2024 Total fvnds 2024 Donations 3.532 1.116 4.648 Unrestrirted f und5 2025 Restricted f unds 2023 Total fundg 2023 Donotions 1.865 5,122 6,987 Income from choritoble activities Unrestricted funds 2024 Restricted fvnds 2024 Total fvnds 2024 Project income. fundlng ogreements and gront5 Earned income 74,130 529.497 603.627 6.411 250 6.641 80.541 529.727 610,268 Unrestricted funds 2023 F¢eslrlcted f unds 2023 Totol funds 2023 Project lftcome, funding 09reements ond grants Earned income 75,806 641.605 717,411 7,322 664 7,986 83.128 642.269 725.397 Poge 20
Docusign Envelope ID.. 8E35EOC2I3484NAe.AAa7.207629A5BCF7 Rural Action Derbyshire (A company limited by gvarontee) Notes to the finonclol statements for the year ended 31 March 2024 Investment income Unrestricted funds 2024 Total funds 2024 Bonk interest received 9.228 9.228 Unrestricted funds 2023 Tolol f unds 2023 Bonk interest received 2,844 2.844 Analysis of expendtture on charitable octlvlties Summary by fund type Unrestrlcted funds 2024 Restrlcted funds 2024 Totol 2024 Charitoble activities 123.116 660.991 784.107 Unrestrlcled f unds 2023 Restricted f unds 2023 Totol 2023 Charitoble activitles 161.132 630,392 791,524 Page 21
Docusign Envelope ID.. 8E35EOC2-C3484AA8-AAD7-207629A53CF7 Rural Action Oerby5hire (A company limited by guarontee) Notes to the flnoncial statements for the year ended 31 March 2024 Analysis of expendltvre by activities Activitles undertoken directly 2024 Support costs Total funds 2024 2024 Choritoble activities 691,966 92,141 784.107 Activities undertoken directly Support costs 2023 2023 Totol funds 2023 Chorltoble octivitles 695,188 96,356 191.524 Analysis of direct costs Total funds 2024 Totol funds 2023 Stoff costs 584,082 413,616 Rurol Accessibility Gronls & Donotions 127,366 120,035 19,205 78.501 Trovel 4.946 2,652 Freelance & Consultancy fees 62.853 46.944 Affiliotion fees 8.527 7,728 Publicity Community Development 17.257 13.570 67.730 12.162 691.966 695,188 Poge 22
Docusign Envelope ID: 8E35EOC2-C3484AA8-AAD7-207629A5BCF7 Rurol Action Derbyshire (A company limited by guarantee) Notes to the financlal statements for the year ended 51 March 2024 Analysls of expenditure by activitiès (contlnued) Anglysis of support costs Total funds 2024 Total funds 2023 Premises and office costs 25,014 22.307 Staff Troinin9 Bank charges oncj interest 1,406 2.541 1.124 1.391 Insurance 3,678 4,253 Irrecoverable VAT 5,402 14.911 IT & Prof essionol Fees 50.050 45.926 Lego1 fees Governonce costs 757 4.no 5,027 92,141 96,556 Independent examlner's remuneration 2024 2025 Fees pouable to the chority's independent exominer for the independent exomination of the chorlty's annuol tsccounls 4,250 3.500 Staff costs 2024 2023 Wages and 501ories Soclal securlty costs Contribution to defineol benefil pension schemes 537.867 368.244 26.012 25.652 20,203 19.740 384.082 413,616 During the yeor. redundoncy pouments totolling £Nil (2023 £16.923) were made. Po9e 23
Docusign Envelope ID.. 8E35EOC2-C3484AA8-AAD7-207629A5BCF7 Aurol Aetion Derbyshlre (A company limited by gvorantee) Notes to the flnanclal statements for the year ended 31 March 2024 Stoff Costs (continued) The overoge number of persons employed by the charity during the year wos os follows.. 2024 2023 No. No. 15 16 No employee received remvnerotlon omountlng to more thon £60.000 in either year. Key Monogement Remunerotion The key monogement personnel of the charity comprise the Trustees gnd the Chief Exectjtive Officer. The totol employment benefits of the key monogement personnel were £52.843 (2023 - £49.528). 10. Trvsteès, remunerotlon and expenses During the yeor. no Trustees received ony remunerotion or other benefits (2023 £NIL). Durlng the yeor ended 31 Morch 2024, rno Trustee expenses hove been incurred (2023 £NIL). Debtors 2024 2023 Due within one year Trode debtors 562 5,113 Other debtors 172 Prepoyments ond occrved Income 36.512 44,091 37,074 49,376 Page 24
Docusign Envelop6 ID.. 8E35EOC2C3484M8-AAD7-20762gA5BCF7 RL*raS Action Derbyshire (A tompony Ilmited by guarontee) Notes to the financial statements for the yeor ended 31 March 2024 12. Creditors.. Amounts folling dve within one yeor 2024 2023 Bonk loans 9,994 9.747 Trade creditors 35.642 48.760 Other taxation ond social security 6.183 10,235 Other creditors 10,321 Accrua15 and deferred income 163,802 15.551 225.856 84.379 2024 2025 Resources deferred during the year 151.233 13. Creditor5: Amounts falling due after more than one year 2024 2023 Bonk loans 20.756 30.747 Included within the above are omounts falling due as f Cillows.. 2024 2023 Bètween one ond fjve years Bonk loons 20.756 30,747 Poge 25
Dowsign Envelope ID: 8E35EOC2-C3484AA8-AAD7-207629A5BCF7 Rural Acrion Derbyshlre (A company limited by guorontee) Notes to the finonelal stotements for the yeor ended 31 Morch 2024 14. Statement of funds Stotement of funds - current year Bolance ot 1 April 2025 Bolan¢e ot 51 March 2024 Income Expenditure Unrestrlcted funds Generol Funds 141,339 93.301 023.116) 111.524 Restricted funds Suicide and 5elf-harm awareness 12.058 {12.058> {60> (259.08e) (253.044) 3D 323 263 Wheels 2 Work 143.819 175,946 60.677 Rvrol Povert 243.821 2S6,702 247.479 Digitol Champions Willow Project 28.847 45.992 (71.356) (41.187) (18.070) 3.483 4.163 46.029 9.005 Hordsh5p Fund 0118ank 19,731 46 1.707 2.021 2.021 Rvrijl Housing Enoblement 6.128 (6.128) 454.783 530.843 {660.991) 324,635 Total of funds 596.122 624.144 (784.107) 436.159 Page 26
Docusign Envelope ID.. 8E35EOC2-C34&4A4MAD7-207629A5BCF7 Rural Actlon Derbyshire (A company Ilmited by guarantee) Notes to the financiol statements for the year ended 31 March 2024 14. Statement of funds (continued) Statement Of funds . prlor year Balonce ot 31 Horch 2023 Bolance ot 1 April 2022 Goins/ (Losses) Income Expenditure Unrestricted funds General Funds 197,185 87.837 (161,132) 17.449 141.339 Restrithed funds Suicide and self-harm oworeness 14,746 18,229 (20.917) 12.058 3D 412 (89) (280,562) (235.393) 323 Wheels 2 Work 279.004 145,377 143.819 Rural Poverty 148.610 328,604 243.821 Rural Choploincy 129 144 (273) Digital Chompions Willow Project Hordship Fund Oil Bank 3.485 65,011 (39.647) 28,847 (10.732) 2.132 60,775 (45,880) 4.163 27.214 (9,615) (16) 19,731 2.037 2,021 437,784 647.391 (63Q,392) 454,783 Totol of fvnds 634.969 735.228 (791.524) 17.449 596.122 Page 27
Docuslgn Envelope ID: 8E35EOC2-C3484M8.AAD7-207629A5BCF7 Rvral Action Derbyshire (A campany limited by guarantee) Notes to the financial stotements for the yeor ended 31 Morch 2024 14. Statement of funds (continued) Unrestrlcted Funds General Funds The general funds represent the unrestricted fvnds of the charity that are not designated for particular purposes. Restricted Funds Svicide and self-harm owarene55 Funding to raise awareness svrrovnding suicide ond self-horm. JD Support for Derbyshire Voluntory sector infrostructure. Wheèls 2 Work Fundlng to support occess lo tronsport. Rural Poverty Funding to help deliver ogreed financiol inclvsion and food poverty projects. Rvral Choplolncy Funding to promote rura1 Choploincy support in Derbyshire. Digltol Champlons Funding to support communities in becoming more digitolly inclvsive. Willow Project To deliver rurol domestic obuse oworeness troinir)g ond events In Derbyshlre. Hardshlp Fund Rurol hord5hip fund provicjes one-off smoll grants to people In rurol areas experiencing finoncial diff iculties. Oil 8onk To provide o one-off delivery of heoting oil to those in fuel crisis. Rural Housing Enoblement Funding io employ o part time Rurol Hovsing Engogement Officer. Poge 28
Docusi9n Envelope ID.. 8E35E0C2-C34&4A4D7-2O7629ASBcF7 Rural Action Derbyshire (A compony limited by guarantee) Notes to the finunclal statements for the year ended 31 March 2024 15. Analysis of net assets between funds Analysi5 of net asset5 between funds . current period Unrestrlcted fvnds 2D24 Restricted funds 2024 Total funds 2024 Cvrrent assets 560,196 524,635 684.831 Creditors due within one yeor Creditors due in more thon one ueor (225,856) (20,756) (225.856) (20.756) Provision5 for liobilities and chorges (2.060) (2,060) Total 111.524 324.635 436.159 Analysis of net QSSets between funds . prior period Unrèstrlcted f und5 2023 Restiicted f unds 2023 Total funds 2023 Current ossets 261,083 454.783 715.866 Creditors due within one year Creditors due in more than one yeor (84.379> (30.747) (84,379) (30.747) (4.618) Provisions for liobiliiies and chorges (4.618) Total 141.339 454.783 596,122 Poge 29
Docusign Envelope ID.. 8E35EOC2-C3484AA&AAD7.207629A5BCF7 Rural Action Oerbyshire (A company limited by guorantee) Notes to the finonciol statements for the year ended 51 Morch 2024 16. Reconclllotion ol net movement in funds to net cash flow from operoting activities 2024 2023 Net expenditure for the period (os per Statement of Financiol Activities) (159.963) (56.296) Adjustments for,. Oecrease/(Increose) in debtors Increase in creditors 12.302 (15,942) 141.230 54,987 Interest from investments (9,228) (2.844) Interest 865 1,227 Contributions to pension deficit (2.519) (2.754) Net co$h used in operoting octivities 07.313) (21.622) 17. Anolysis of cash and cosh eqvivolents 2024 2023 Cosh in hond 647.757 666,490 Total cash ond cash equivolents 647,757 666.490 18. Analysis of changes In net debt At 1 April 2023 Other non. Cosh flows cash changes At 51 March 2024 Cash at bank ond in hond 666.490 (18.733) 647.757 Debt due within 1 yeor Debt due ofter 1 yeor (9.747} (50.7471 (247) 247 (9.994) (20.756) 9,744 625.996 {8,989) 617.007 Poge 30
Docusign Envew ID; 8E35EOC2-C34&4AA8-AAD7-207629A58CF7 Rural Action Derbyshlre (A company limited by guarantee) Notes to the finonclal statements for the year ended 31 March 2024 19. Pension commitments The chority operates o defined benefit pension scheme. However, the scheme is o multiple employer scheme ond the charity is unable to identif u its share of the underlying assets ond liabilities. The compony porticipotes in the scheme. o multl-emplouer scheme which provides benefits to some 638 non- associoted partlcipaling emplouers. The scheme is o defined benefit scheme in the UK. It is not possible for the comptsny to obtaln suff icient information to enable il to occount for the scheme as o deflned benefit scheme. Therefore it occovnts for the scheme 0$ a def ined contribution scheme. The scheme is svbject to the funding legislotion outlined In the Penslons Act 2004 which come into force on 30 December 2005. This, together with documents 15sued by the Pensions Regulalor ond Technical Actuarlol Standards 155ved by the Flnonciol Reporting Council, set out the fromework for funding defined benefit occupationol pension schemes in the UK. The scheme is classified os a 'losl-man standing orrangement,. Therefore the compony is potentiolly Ilable for other porticipotlng employers, obligotions if those employers ore un(3ble to meet their shore of the scheme deficil followlng wlthdrawal from the scheme. Porticipo*lng employers are legollu required to meet their share of the scheme deficlt on on anouity purchose basis on withdrowal from the scheme. A full octuoriol voluotion for the multlple employer scheme was corried out at 30 September 2020. This valuation showed ossets of £800.5m. liobilltles 01 £851.9m and a deficit of £31.6m. To eliminate this f unding shortfoll. Ihe Trustee hos osked the porticlpating employers lo poy additionol contributions to the scheme as follows.. Totol deficit contributior)s for the multiple employer scheme. From 1 April 2022 to 31 January 2025.. £3.312.000 per onnum (payoble monthly) Unless o concession hos been ogreed with the Trustee the term lo 31 Jonuory 2025 applies. Note thot the scheme's previous voluotion wos corried out with an effectlve dote of 30 September 2017. Thi5 voluotion showed osset5 of £794.9m. liobilities of £926.4m and a deficit of £131.Sm. To eliminate this funding shortfall. the Trustee asked the participating employers to pau additlonol contrlbutions to the scheme as follows.. Totol deficit contributlons for multlple employer scheme From l April 2019 to 30 September 2025.. £11,243.000 per onnum (poyoble monthly (Jnd increosing by 3% eoch on 1st April) The recovery plon contributions are allocated to each porticlpoting employer In line wlth iheir estimoted shore of the Series l and Series 2 scheme Iiobilities. Where the scheme is in deficit ond where the CDmpany hos Ogreed to o deflcit funding orrangement the compony reco9n15es o liability for this obligQtlon. The amount recognised is the nel present value of the deficlt reduction contributions payable under the ogreement thot relotes lo the deficit. The present volue is calculated using the discount rote detoiled in these disclosures. The unwinding of the discount rote is reco9nlsed os o finonce cost, Poge 31
Docusign Envelope ID". 8E35EOC2-C3484W-MD7-207829A58CF7 Flural Action Derbyshire (A company limited by guarantee) Notes to the financial stotements for the year ended 31 Morch 2024 2024 2023 Present valves of provislon Present volue of provision 2.060 4.408 2,060 4,408 2024 2023 Reconciliation of openlng ond closing provision Provision ot the 5torl of period Unwinding of the discount foctor (interest expense) Deficit contribution paid Remeosvrements - impoct of ony change in ossumptions Remeosurements - amendments to the contribulion schedule 4.408 24,821 168 323 (2.519) (2.479) (277) (17 980) 2.060 4,408 2024 2023 Deficit contributions schedule Interest expense 168 323 Remeasurements - Impact of any chonge in assumptions Remeosurements omendmenls to the contribution schedule (277) 77.980 Contribvtions paid in respect of future servlce, Costs recognised in income ond expenditure account "includes defined contribution scheme5 and future service contributions (i.e. excluding any deficit reduction poyment5) to defined benefit schemes which ore treated os defined contribution schemes. Rote ¢f discovnt 2024 5 31Y, 2025. 5.52Yo The dlscount rotes shown above ore the equivolent single discount rotes which. when vsed to discount the future recovery plon contribulions olve, would give the some results os using o full AA corporate bond yield curve lo discount the some recovery plan contributions. Page 32
Docusign Envelope ID: 8E35EOC2.C3484NA8-MD7-207629A5BCF7 AL¢ral Action Derbyshire (A company limltèd by guarantee) Notes to the f inoncial statements tor the year ended 31 March 2024 2024 2023 Year I 2.060 2,519 Yeor 2 2.099 2.060 4.618 The compony must recognlse o liability measured os the present volve of the contributions poyoble that arise from the deficit recovery ogreement ond the resulting expense in the Income ond expenditure occount i.e. the nwindlno of the discount rate us o finance cost in the period in which il orises. 20. Operating lease commitments At 31 Morch 2D24 the choritu had commitments lo moke future minimum leose poyments under non-cancelloble operotlng leases a5 follows". 2024 2025 Not later thon l year Loter than 1 gear and not loter than 5 years 15.096 4.000 20.644 35.740 4.000 21. Reloted porty transactlons The chorlty has hod no related porty tronsaclions durlng the yeor. Page 33
Docustgn Envelope ID.. 8E35EOC2-C3484AA8-AAD7-207829A5BCF7 Aural Actlon Derbyshlre (A compony limited by guorontee) Notes to the finoneial statements for the yeor ended 31 March 2024 22. Main Funders 2023- 2024 2024 2023 Action for Commvnities in Aurol England Bolsover Oistricl Council 6.128 2.265 2,265 Department for Environment Food and Rural Affairs Derbyshire County Council Derbyshire Doles District Council Derbyshire Police & Crime Commlssloner Donotions to Hordship Fund 44.200 44,200 546,440 412.102 4,542 4.452 40.000 60.000 46 2.085 Donations to Food ond Fuel Poverty Feeding Britain Feeding Derbyghire Foundation Derbyshire Nationol Rurol Crime Network 270 2.482 10.000 4.050 2,000 5.000 Norrh East Derbyshire District Council South Derbysh.ire District Council Streetgames Brltish Gos Energy TrLFSt NHS Chorilies Together 2.000 2,000 5,443 5.336 52.383 49.664 5.219 45.992 65,011 Page 34