Registered number". 03320404 Charity number: 1061531 Rural Action Derbyshlre Trustees, Fleport and Financial Stotements for the yeor ended 31 Norch 2025 Rural ction DERB YSHIRE rfIDAINS
AJDIT
Rurol Action Derbyshire (A company limited by guarontee) Contents Poge Reference and Admlnistrative Oetoi15 of the Charity. its Trustees and Advisers Trustees, Report Trustees, Responsibilities Stotement 10 Independent Examinerfs Report StotÈment of Finonclol Activities 13 aolonce Sheet Statement of Cash Flows 16 Notes to the Financiol Statements 17-34
Rural Action Derbyshire (A company limÉted by guarantee) Reference and Administrative Details of the Chority. tts Trustees and Advisers for the year ended 31 March 2025 Trustees Mr W Tudor Jones. Choir (oppointed 29 October 2024). Vice choir (until 29 October 2024) Mr R A Gront. Treosurer (oppoipted 12 November 2024) (appointed 30 July 2024) Mrs A W Montocute. Chair (resigned 29 October 2024) Mr M J Hounes, Treasurer (resigned 29 October 2024) (resigned 31 march 2025) Mr S G Toylor (resigned 30 July 2024) MrRNEWolsh Mrs A Wheelton. Vice Choir (appointed 29 October 2024) Ms V E Broom Mr R A Bennett Mr P D Dewhurst. Vice Choir (oppointed 29 October 2024) Mr P Miles Ms F J Brookes (resigned 11 April 2024) Company registered number 03320404 Chorlty registered number 1061531 Registered office Town Holl Bank Rood Motlock OE4 3NN Chief executive officer Ms E Simpson Accountonts Dains Audit Limited Suite 2. Albion House 2 Etruria Office Villoge Forge Lone Stoke on Trent Staffordshire ST15RQ Poge 1
Rural Action Derbyshire (A compony Ilmited by guarantee) Trustees, report for the year ended 31 March 2025 The Trustees present their onnuol report together with the finonciol statements of the charity for the 1 April 2024 to 51 Morch 2025. The onnuol report serves the purpose5 of both o Trustees, report and o directors, report under compony law. The Trustees confirm thot the annuol report ond financ'.al stotements of the choritoble compony comply with the current stotvrory requirements, the requirements of the choritoble compony's governing document and the provisions of the Statement of Aecommended Prottice (SORP) applicoble to chorities preporing their accounts in occordance wlth the Finoncial Reporting Stondard opplicoble in the UK ond Repvblic of Ireland (FRS102) (effettive l January 2019). Since the chorlty quulifies as smoll under section 382 of the Companies Act 2006, the strategic report required of medium ond large componies under the Componies Act 2006 (Strotegic Report ond Director5, Report) Regulations 2015 has been omitted. Objectives and ortlvlties a. Policies and objectives Rurol Action Derbyshire's oim is to ensure the well-being of the people who live ond work In rural Derbyshire and thot they ore nat unduly disadvantaged. Their mission stotement 15.. We believe that no-one should be unfobrly disadvantoged because they live In a rural oreo. Their strategic objertlves are.. To help remove borriers that prevent people from toking up opportunities, living well ond purticipoting in doily life. To enable communities to develop more control. protectr and develop community assets. ond build resilience ond community spirit. To oddress rurol disodvantO9e. porticulorly for vulnerable or low-income groups. To support rural economic development and sustainoble rural communities. To grow ond develop Rural Action Derbyshlre to secure its future sustoinability. It does this". By providing direct setvices to help people ond groups in rurol communities. By roising aworeness of the Issues foced by rural communitie5. Rural Action Derbyshire is one of 38 rural community councils in Englond ond is o member of Action with Communities in Rural Englond (ACRE). In setting objectives ond plonning for octivitie5. the Trustees have given due consideration to generol guidance published by the Chority Commission reloting to pub'.ic benefit. including the guidance 'Public benefit.. running a charity (P82)' Poge 2
Rural Action Derbyshire (A compony Ilmlted by guarantee) Trustees, report (continued) for the year ended 31 March 2025 Objectives and octivities (continued) Choir's Statement It is my honovr to introduce ond present the Annuol Report for Rurol Action Derbyshire. The lost year has brought significant chonges in our leodership teom. Our Chief Executive Officer Bev Porker retired ofter 10 years of amazing service and dedicotion to be reploced by Emmo Simpson. This wos ofter o comprehensive notional search and recruitment exercise. A few months loter our Finance Manager, Cloire Symonds retired ofter 5 years of Service ond commitment to the charity. A strategy of succession plonning occurred with the appointment of Debro Weetmon. We olso conveyed our huge Ihonks and gratitude to Johp. Haynes. Trustee ond Treosurer for 17 yeors. John was replaced by Robin Grant os o new trustee and qualified occountont with significont commercial finance experience. Sodly. due to changes introduced by a trusted provider. we were unable to continue to provide the Community Oil Buying Scheme o service thot was much appreciated by many people who hod no olternotive to oil to heat their homes. We continue to work to develop o viable alternative to this which we hope to introduce loter this year. Our projects continue to deliver to. and in many cases exceed commissioner requirements. l ond the board of trustees convey our sincere thanks to oll Flurol Action Derbyshire colleogues ond volunteers In their unstinting work to reduce rurol ineqvolities. I convey my grotitude to oll our commissioners in the public sector and offer our support in their strotegic objectives in whotever woy we con. The ochievements of the organisotion and the projects we provide are significant and the board will assure and challenge that the charity is run in line with Charity Commission and oll other legol requirements. Williom Tudor Jones Chair Poge 3
Rural Artion Derbyshire (A company limited by guarantee) Trustees, report (continved) for the year ended 31 Morch 2025 Objectives and activities (continued) Chief Executive's Report I was delighted to be appointed Chief Executive of Rurol Action Derbyshire in Jonuary 2025, following the deporture of Beverley Parker. 8ev leoves behind o strong legacy, on orgonisotion with on excellent reputation among funders. pcrtners. ond stakeholders. As the Choir notes in his report, our projects often exceed the expectotion5 of commissioners. Bev's steody leodership helped steer RAD through the uncertointies of recent yeors. and l om fully committed to building on thol foundotion to ensvre the organisotion reryoins at the forefront of tockling rurol Issue5. The period covered by this report reflects a time of both consolidotion ond quiet transformation. The RAD team hos continued to respond to the complex and evolving needs of rurol communities while seeklng new opportunities to address entrenched disodvantage. The chollenges facing rurol Derbyshire remain Significant. The ongoirig cost-of-living crisis hos had o sustained impact, particulorly in oreos where poverty is more hidden and dispersed. moking it harder to reoch with conventionol support. Fuel povertu, digitol exclusion, sociol isolotion op.d limited access to essential services continue to shape the live5 of many. Yet this year hos once ogain highlighted the strength and resilience of our rurol communities and the value of AAD'S practical. locollu rooted response. Throughout this period, our projects hove continued to deliver meaningful impoct. We hove deepened portnerships ocr05S the county and strengthened our role os o trusted odvocote for Derbyshire's rurol voice. Since stepping into the CEO role, I hove been focused on ensurlng RAD'5 long-term sustoinobiSity, developing a new strategic plon and securing income thot protects our independence ond enobles us to oct where we ore most needed. We ore also reoffirming RAD'S core volues. porticulorly around colloborotion. inclusion. equity. ond integrity. so thot we remain a relevant, responsive. ond compassionote organisotion in on ever-chonging rurol landscape. I would like to thonk our stoff. trustees ond supporters. Their commitment and possion are whot make RAD the orgonisation it is. I look to the uear oheod with optimism ond o strong Sense of purpose. Ernmo Simpson CEO Page 4
Aural Action Derbyshlre (A company limited by guarantee) Trusteeg report (continued) for the year ended 31 Morch 2025 Objective5 ond octlvities (continued) b. Moin actlvlties undertaken to further the chority's purposes for the public benefit Alm: To help remove barriers that prevent people from taking up opportunities. living well and porticipating in doily life. Wheels to Work Lock of roil & bus provision between key destinations. and no subsidies in rural oreas. means access to work. apprenticeships and training is significontly more expensive thon in urbon oreos. This mokes rurol residents more reliont on cars. The Department for Tronsport found that 50% of rurol people live in oreos with the poorest occessibility to services. Wheels to Work breoks down barriers through providing bicycles, e-bikes ond mopeds for those in need In Derbyshire. Over the post yeor, we hove supported 19 new riders on mopeds, 2 on e-bikes, and 7 with bicycles. Overoll with new ond retained clients we supported 43 beneficiories. Digital Inclusion Whether it's accessing your bonk account. chotting to friends or family, or getting the supermorket shop delivered to your door. we are living In on increasingly digitol world Poor occess to relioble broodbond, ond a lock of information on how to get started with technology continue to oct os borriers to accessing the opportunities the virtuol sphere con provide. In fatt, many resldents in Derbyshire hove still never vsed the internet. Digital Support Derbyshire oims to reduce the county s digitol divide by creoling a network dedicoted to helping people connect safely with their communities. This network consists of individuals committed in some way to tockling this divide, including our Digitol Champlons. who hove received training to provide the necessary guidance to get more people online. We Icvnched the DSD Smoll Gronts. funding 13 projects (£47.6k owarded),. held 2 grant ponel meetings., finalised criterio. opplication processes. ogreements. ond poyment systems. Coordinated 4 network meetings with vorious speokers and o Q&A on the new scheme. Controct-manoged the Device Refurbishing Scheme with Pcrefurb. distributin9 131 devices and SINS to Derbyshire Inclus0 group5 ond individuols. Coordinoted 3 steering groups, developed an online digitol mop. ond releosed a Digitol Exclusion troining pock online. Launched o Digital Health Project with The Bureau at Glossop. We hove 120 grovps listed in the Digital network mop supporting 1800 digltolly excluded indlviduols Poge 5
Rurol Action Derbyshire (A company Ilmited by guarantee) Trustees, report (continued) for the year ended 31 March 2025 Objectives and octivtties (continued) Communities Against Scoms Commvnities Agoinst Scoms has strengthened locol colloborotion through six quarterly meetings with the PCC portnership monoger and seven sessions with Oerbyshire Police fraud officers. In Octaber 2024. we launched o dedicoted webpage-refreshed in Februory 2025-to shore besl-practice advice and resources. The project mointoined visibility ot county shows ond hosted 16 grassroots oworeness events. engaging 230 community groups. Notionol observances like Sofer Internet Doy and Scams Aworeness Week feotured daily sociol-medio compoigns, while ongoing outreoch hos extended scams trolning to vi1109e halls, food-bonk portners ond ciigital- inclusion grontees. Aim: To enoble communities to develop more control. protect and develop community assets and build resilience and community spirit. Community Bulldings Advisory Service For over o century, community buildings hove acted os vitol social hubs for rurol people. In fact, research bu ACRE hos found thot in 60% of villoges. community holls ore the only place for people to meet in the oreo. Yet these hubs are Still focing chollenges post-covid. with volunteer5 finding it difficult to deal with the finonciol ond operotionol impocts of such a difficult period. We provided toilore(J advice to individual community buildings ossisting them with their specific issues ond concerns. Advice ond 5UPPOrt were olso provided to other orgonizotions. such 05 Parish Councils, district Community Voluntury Service5. and other locol charities. Our monthly newsletter ond e-bulletins (44) were distributed to 322 Community Buildings stakeholders. There were 60 new offiliotes in 2024 which continue into 20?5 There wos olso o focus on Energy and environment with 25 on-site energy audits completed and 29 med40 resources distributed. Aim.- To oddress rural disodvantage particularly for vulnerable. marginalised or low-income groups. The Willow Project Domestlc obuse is still olormingly prevolent throughout the country. In rural oreos. this abuse ccn last 25(At longer thon in urban oreos. os many vittims are isoloted and cut off from support services, ond are living in "traditional, potriorchal communities thot control ond subj ugate women" occording to the Notional Rurol Crime Network. Over the post year, The Willow Project trained 82 champions across Derbyshire and delivered talks to 20 school stoff ot Killamorsh Jnr School. We went to ten in-person and virtual events-including o Bokewell Livestock Market-and launched o pvblic event to mork 16 Doys of Activism. We relaunched the Podcast in Morch which hos olreody driven over 100 listens, boostSng total plous to 444. A virtual meet-up united all chompions. gothering fresh insights to guide future outreach and support to raise oworeness about rurol domestic abuse. Emma Simpson was o key note speoker ot the Notional Rural Crime Network Conference In London In Narch to highlight why rural is different when it comes to domestic abuse. Page 6
Rural Action Derbyshire (A company limited by guorantee) Trustees, report (continued) for the year ended 31 March 2025 Oblectlves and activities (continued) Feeding Derbyshire With the cost of groceries continuing to rise. on increosing nvmber of people have been forced to rely on food bonks for their weekly meols. This chollenge is even more pressing in rural communities, where there is often o lack of budget supermarkets ond cheoper olternatives. This yeor we rolled out o new membership model. now ot 277 members. and published o community pontry evaluotion report. Seven new pontries joined. roising the network to 15,. pontry membership climbed from 2.953 to 3.785 ond weekly shopper numbers from 624 to 813. We hosted four Steering Group meetings ond two sustalnability webinors on food supply and budgeting. A full website refresh introduced on interoctive mop of 64 providers, spotlights feotures. regulor newsletters. o WhatsApp forum, ond our first food-provider survey, which captured data on 11,OQO meals distributed in QI. In all we ochieved £1m savings for shoppers. Rurol Hordship Fund and Oil Bank The Rurol Hardship Fund was able to continue with funding from Morches Energy Agency. vio their Fuel for Food project (which 15 funding by DCC'S Household Support Fund) and we launched the new fund in September. It has supported referrols from CAB. Social Services and some Women's refuges with fuel, essential household items or other e55entiols. In total we spent £20.Sk supporting clients. Most of the clients were very thankful for the support given ond the referrers gave very positive feedbock in how we ron the scheme. relotively qulckly supporting their clients with whot they needed. Aim: To support rvrol economic and communlty development Derbyshire is a predominontly rurol county wlth 77% of the areo clossed os rural. Flurol oreos present particulor chollenges from on economic development perspective and Rural Action Derbyshire understands these challenges well. We ore a key partner with statutory ond privote sector economic portnerships and o source of knowledge and insight into rurol communities. Rural Housing Enoblement Working with Midlands Rurol Housing. contact hos been mode vio DALC with porish councils asking if they ore interested in carrying out o Housing Need5 Survey (HNS) for their community. We hove produced website content. on email newsletter, o leaflet. bonners. blogs ond sociol media activity. We held 4 well-ottended Steering Group meetings. porticipoted in a notional study commissioned by ACRE carried out CCRI ond discussed chonges to the Plonning Policy Fromework ond the Peok District NPA consultation on o proposed new Local Plon. Six locol outhorities across the Derbyshire/Staffordshire potch attended os well os o representative from Derbyshire Association of Locol Councils and one registered provider (Trent & Dove). The RHE for Derbyshire engaged with porish councils in Edole, Hope. Repton and Doveridge and 3 potential Rural Exception Sites identified in Doveridge. Biggin ond Edole. Ashover PC hove expressed interest in a HNS but are waiting to review the outcome of NEDDC Local Plon coll to sites. Aworeness is growing and we ore pleosed with the progress being mode. Page 7
Rural Action Derbyshire (A company limited by guarantee) Trustees, report (contlnued) for the yeor ended 31 March 2025 Financiol review a. Going concern After moking oppropriote enquiries. the Trustees hove a reosonable expectotion that the charity has adequate resources to continue in operationol existence for the foreseeable future. For this reoson, they continue to adopt the golng concern bosis in preporing the finonciol stotements. Further detoils regording the adoption of the going concern basis con be found in the occovnting policies. b. Reserves pollcy Unrestricted Funds It is the policy of the charity to mointoin unrestricted reserves. which are the free reserves of the charity. ot a level that equotes to tspproximotely three months of totol expenditure. As ot 31 March 2025 free reserves omount to £151.924 (2024 - £111.524). The charity hos carried higher levels of unrestricted funds due to a property sale in previous yeors. The majority of the funds ore set oslde os designated funds to cover future redundoncy Ilobility and to cover the pension liability risk outlined in note 19. Restrlcted Fund5 Sufficient reserves shovld be retoined under each of the restricted reserves to meet the company's obligotions under that fund. Quarterly monogemenl informotion is presented to the Monogement Boord ond there ore four formol board meetings each yecr. Sub-committees are called between the Board Neelings to consider issues as ond when they arise. In addition. the Choirperson hos regular contact with the Chief Executive Officer, the Treosurer and the Finonce Monoger. Grant Making Aurol Action Derbyshire is not a grant-moking body but sometimes il is osked to odminister smoll gront funds on behalf of funders. Funders The company directors wish to thonk oll those who contributed to the compony'5 income in 2024/25. A list of the princip05 funders moy be found on the lost poge of this report. Their support is greatly valued. Poge 8
Rural Action Derbyshire (A companu limited by guarantee) Trustees, report (continued) for the year ended 31 March 2025 Structure, governance ond manogement o. Constitution Estoblished in 1924, Rurol Action Derbyshire. formerly Derbyshire Rurol Community Council. is an independent organisotion and registered charity operoting ocross the county. Its legol name is Rurol Action Derbyshire which is incorporoted os o company limited by guorontee under the Componies Act, ond is olso registered os a charity. The compony was formed to toke over the choritable activities of Derbyshire Rural Community Council ond did so with effect from 1 April 1997. b. Methods of appointment or election of Trustees The company'5 Articles of Association require the Boord to consist of such honorory officers ond other members os shall be oppointed at the Annuol General Meeting. All the compony direttors (Trustees) hold office for o minimum term of three years to a moximum term of nine yeors. Any member of Aural Action Derbyshire can also slond for election os a company director provided he/she Is properly nominoted and seconded by other members. Compony directors (Trustees) holding office during the period are listed on page 1 of this report. None of the company directors hos o service controct with the compony. c. Financiol rlsk management The Trustees hove osse5sed the mojor risks to which the chority is exposed. in porticulor those reloted to the operation5 ond finances of the chority. and are satisfied that systems ond procedures are in place to mitigote exposure to the mojor risks. The trustees hove implemented o risk monogement strotegy which comprises.. A quarterly review of the risk5 which the charity may face.. The estoblishment of systems ond procedures to mitigate those risks identified in the plon. ond The implementation of procedures designed to minimise potentiol impoct on the charity should any of the risks materi0115e. Approved by order of the members of the boord of Trustees and signed on their beha5f by". Mr W Tudor Jones Choir of Trustees Dote.. J1 Odfv%2g Poge 9
Rvral Action Derbyshire (A company limited by guarantee) Statement of Trustees, responslbillties for the year ended 31 March 2025 The Trustees (who are olso the directors of the charity for the purposes of company law) ore responsible for preporing the Trustees, report and the finoncial stotements in occordonce with opplicable low and United Kingdom Accounting Standards (United Kingdom Generolly Accepted Accounting Practice). Company law requlres the Trustees to prepore financlal statements for each financiol period. Under compony low, the Trustees must not opprove the finonciol stotements unless they ore satisfied thot they give a true ond fair view of the state of offoirs of the charity and of its incoming resources and application of resources, including it5 income and expenditure. for thot period. In preparing these financial stotements. the Trustees are required to.. select suitoble accounting policies and then apply them consistently.. observe the methods ond principles of the Charities SORP (FRS 102).. moke judgments ond accounting estimates thot ore reasonoble ond prudent., state whether opplicoble UK Accounting Standords (FRS 102) have been followed. Subject to ony moterial deportures disclosed ond explained In the finonc'.al statement5'. prepare the flnonciol stotements on the going concern basls unless It is inoppropriote to presume thot the charity will continue in business. The Trustees ore responsible for keeping odequate accounting record5 that are sufficient to show and exploin the chority'g transactions and disclose with reosonable accuracy ot ony time the financiol position of the chority ond enoble them to ensure thot the finonciol stotements comply with the Componies Act 2006. They are 0150 responsible for sofeguarding the assets of the chority ond hence for toking reosonoble steps for the prevention and detection of fraud ond other irreguloritie& Approved by order of the member5 of the boord of Trustees ond signed on its beholf by.. Mr W Tudor Jones Choir of Trustees Dote. Iq (9ffj fr15 Poge10
Rural Action Derbyshire {A company limited by guorontee) Independent Examlner's Report for the year ended 31 March 2025 Independent Examinerfs Report to the Trustees of Rural Action Derbyshire ('the charity,) I report to the charity Trustees on my exominotion of the accounts of the chority for the yecr ended 31 Morch 2025. Responsibilities and Basis of Report As the Trustees of the chority (ond its directors for the purposes of compony low) you are responsible for the preparotion of the occounts in occordonce w1th the requlrements of the Companies Act 2006 ('the 2006 Act,). Having sotisfied myself thot the occounts of the chority ore not required to be audited under Port 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examinotion of the choritg's occounts corried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my exomination I have followed the Direction5 given by the Charity Commission under settion 145(5)(b) of the 2011 Act. Independent Examiner'5 Stcrtement Since the charity's gross income exceeded £250.000 your exominer musl be o member of a body listed in section 145 of the 2011 Act. I confirm thot l om quolified to undertoke the examination becouse l om a member of ICAEW, which is one of the listed bodie5. I have completed my examlnotion. I confirm thot no matters hove come to my attention connection with the examinotion giving me cause to believe.. occounting records were not kept in respect of the chori:y os required by section 386 of the 2006 Att,. or the occounts do not accord with those records. or the accounts do not comply with the accounting requirements of section 396 of the 2D06 Act other than any requirement that the occounts give o 'true ond fair, view which is not o matter considered as port of on independent exomination., or the occounts hove not been prepored in occordonce with the methods ond principles of the Statement of Recommended Proctice for accounting and reporting by chorities [opplicable to charities preporing their accounts in occordonce with the Financial Reporting Standord opplicoble in the UK ond Republic of Irelond (FRS 102)]. I have no concerns ond hove come across no other motters in connection with the examination to which ottention should be drown in this report in order to enoble o proper understanding of the accoLJnts to be reached. Page 11
Rural Action Derbyshire (A company limited by guarontee> Independent Examiners Aeport (continued) for the year ended 31 Morch 2025 Use of this report This report is made solely to the charity's Trustees, os o body. in occordonce with Port 4 of the Chorities (Accounts ond Fleports) Regulations 2008 My work hos been undertaken so that I might state to tne chority's Trustees those matter51 om required to stote to them In on independent exominer's report and for no other purpose. To the fullest extent permitted by law. I do not accept or ossume responsibility to onyone other thon the chority ond the chority'5 Trustees os o body, for my work or for this report. Signed.. Doted.. [1,16-2 Simon Howkins FCA Doins Audit Limited Suite. Albion House 2 Etrurio Village Forge Lone Stoke on Trent Staffordshire STI 5RQ Poge12
Rural Action Derbyshire (A company limited by guarontee) Statement of financlal activities (Incorporating income and expenditure account) for the year ended 31 March 2025 Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 Note Income from.. Donations ond legocies Choritoble activities 23.178 1.040 24.218 4.648 80.833 709.303 790.136 610.268 Investments 15.733 15.753 9.228 Total income 119.744 710.343 830.087 624.144 Expenditure on: Charitable ottivities 79.344 657.776 717.120 784.107 Total expenditvre 79.344 637.776 n7.120 784,107 Net movement in funds before other recognised gains/(losses> 40.400 72.567 112.967 (159.963) Net movement in funds 40.400 72.567 112.967 (159.963) Reconciliation of funds: Totol funds brought forword Net movement in funds 111.524 324.635 436.159 596.122 40.400 72.567 112.967 (159.963) Totol funds corried forword 1S1.924 397.202 549.126 436,159 The Statement of Finonciol Activities includes all goins ond losses recognised in the yeor. The notes on poges17 to 34 form port of these financiol stotements. Poge 13
Rural Action Derbyshire (A compony limited by guarantee) Aegistered number: 03320404 Balance sheet As at 31 March 2025 2025 2024 Note Current assets Debtors 75.294 37.074 Cash at bonk and hond 683.794 647.757 759.088 684,831 Creditors.. omounts folling due within one year 12 095,556) (225,856) Net current assets 565.532 458.975 Total asset5 le55 current liobilities 565.532 458,975 Creditors.. omounts falling due after more thon one year 13 (10.511) (20.756) Net ossets excluding penslon liobilitu 555.021 458.219 Defined benefit pension scheme liability 19 (5.895) (2.060) Totol net assets 549.126 436.159 Chority funds Restricted funds 14 397.202 324.635 Unrestritted funds 14 151.924 111,524 Total funds 549.126 436.159 Poge14
Rural Action Derbyshire (A company Ilmlted by guorantee) Registered number: 03320404 Balonce sheet (continued) As at 31 March 2025 The charity was entitled to exemption from oudit under section 477 of the Companies Act 2006. The members hove not requlred the compony to obloin on audit for the year in question in occordonce with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to occounting records and preparotion of finonciol statements. The finoncial statements hove been prepared in accordance with the provisions opp1icoble to entities subject to the smoll companies regime. The financial 5totements were opproved ond authorised for issue by the Trvstees ond signed on their beholf by.. Mr W Tudor Jones Choir of Trustees Date.. (00 }?5 Registered number." 03320404 The notes on poges 17 to 54 form port of these financiol statements. Poge 15
Rural Actlon Derbushire (A compony limited by guarantee) Statement of cash flows for the year ended 31 Morch 2025 2025 2024 Cosh flows from operoting activitles Net cash used in operoting activities 30.952 (17.313) Cosh f lows from investing octivities Dividends. interests ond rents from investments 15.753 9.228 Net cosh provided by investing activities 15,733 9.228 Cosh flows from flnancing octivities Repoyments of borrowing UO.648) 0.648) Net cosh used in finonclng activities (10,648) (10.648) Change in cash ond cash equivalents in the year 36.037 08.735) Cosh ond cash equivolents at the beginning of the yeor 647,757 666.490 Cosh and cash equivalents ot the end of the year 683.794 647.757 The notes on pages 17 to 34 form part of these finonciol statements Poge16
Rural Action Derbyshire (A componu limited by guarantee) Notes to the financial statements for the year ended 31 March 2025 General information Rurol Action Derbyshire is a privote compony limited by guarantee, incorporoted in England and Woles. The members of the company ore the trustees named on poge 1. Its registered office is Town Holl. Bank Rood. Matlock, Derbushire. DE4 3NN. Accountlng policies 2.1 8osis of preparation of flnonciol stotements The financiol stotements have been prepored in occordonce with the Chorities SORP (FRS 102) - Accounting ond Reporting by Chorities.. Statement of Recommended Practice opplicoble to chorities preparing their occounts in accordance with the Finonciol Fleporting Standord opplicoble in the UK and Republic of Irelond (FRS 102) (effective 1 January 2019). the Finonciol Aeportlng Stondord applicoble in the UK and Republic of Irelond (FRS 102) and the Componies Act 2006. Rural Action Derbyshire meets the definition of o public benefit entity under FRS 102. Assets ond liobilities are initiolly recognised at historicol cost or tronsaction volue unless otherwise 5toted in the relevant occounting policy. 2.2 Going concern The finonciol stotements hove been prepored on o going concern bosis os the trustees believe thot no materiol uncertuinties exist. The trustees hove considered the level of funds held ond the expected level of income ond expenditure for 12 months from the signing of these finoncial stotement5. The budgeted income ond expenditure is sufficient with the level of reserves for the charity to be oble to contlnue os o going concern. 2.3 Income All income is recognised once the chority hos entitlement to the income. it is proboble thot the income will be received and the omount of income receivoble con be measured reliably. For donotions to be recognised the charity will hove been notified of the amovnts ond the settlemen+ date in writing If there ore conditions ottached to the donation ond this requires a level of performance before entitlement can be obtained then income is deferred until those conditions ore fully met or the fulfillment of those conditions is within the control of the cttaritu and it is proboble thot they will be fulfilled. Poge17
Rural Artion Derbyshire (A company limited bu guorontee) Notes to the finuncial statements for the year ended 31 Morch 2025 Accounting policies (continued) 2.4 Expenditure Expenditure is recognised once there is a legal or constructive obligotion to tronsfer economic benefit to o third porty. It Is probable that o transfer of economic benefits will be required in settlement and the omount of the obligotion can be measured reliob5y. Expenditure is classified by octivity. The costs of eoch activity are mode up of the totol of direct costs and shared costs. including support costs involved in vndertoking each activity. Dirett Costs ottributable to o single octivity ore allocated directly to thot activity. Shared costs which contribute to more thon one activity ond support costs whic* ore not ottributoble to a single octivity ore opportioned beeen those octivities on o b05is consistent with the use of resource5. Centrol staff costs ore allocoted on the basis of time spent. ond depreciotion chorges ollocoted on the portion of the asset's use. Expenditure on choritoble activities is incurred on directly undertaking the activities which further the choritu's objectives. os well os any associoted support Costs. 2.5 Interest receivable Interest on funds he,'d on deposit is included when receivoble and the omount con be measured reliably by the chority,. this is normally upon notificotion of the interest paid or poyable by the Institution with whom the funds ore deposited. 2.6 Taxation The chority is considered to poss the tests set out in Paragroph I Schedule 6 of the Finonce Act 2010 ond therefore it meets the definition of o choritoble company for UK corporotion tax purposes. Accordingly. the charity is potentially exempt from toxatlon in respect of income or copitol goins received within cotegories covered by Chapter 3 Port 11 of the Corporotion Tox Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent Ihot such income or gains are opplied exclusively to charitable purposes. 2.7 Pensions The compony mokes pension contributions to The Pension Trust's Growth Plan. c multi-employer defined benefits scherne. the ossets of which ore held separately from those of the chority in on independently administered fund. Normal contributions ore chorged to the Statement of Finonciol Activities (SOFA) Sn the period in which they are payoble to the scheme. The pension liability is the responsibility of the Pensions Trust which hos identified the ossets/liobilities of the scheme that are ottributable to the chority. The pension surplus/(deficit) is calculated bosed on the net present volue of future deficit payments over a set term which Is currently 9 yeors os required by FRS 102. The unwinding of the discount is treated os on interest expense within the SOFA ond goins/losses on re- meosurement of the 5urplus/deficit ore shown within the SOFA under other recognised gain5 ond losses. The company olso makes pension contributions to personal pension plans as appropriote to the employee. Contribution5 are charged to the SOFA when due. Poge 18
Rurol Action Derbyshire (A company limited by guorontee) Notes to the flnancial stotements for the year ended 31 Morch 2025 Accountlng policies (continued) 2.8 Debtors Trade ond other debtor5 are recognised ot the settlement amount ofter ony trade discount offered. Prepoyments ore valued at the omount prepoid net of any trade discounts due. 2.9 Operoting leases Rentols poid under operating leoses are chorged to the statement of financial activitie5 on 0 straight line basis over the lease term. 2.10 Cosh ot bank and in hond Ccsh ot bonk ond in hand includes cash ond short-term highly liouid investments with a short moturity of three months or less from the dote of acquisition or opening of the deposit or Similar occount. 2.11 LiabS1ities Liobilities ond provisions ore recognised when there is an obligation at the bolance sheet date as a result of o post event. it is probable that a transfer of economic benefit Will be required in settlement, ond the amovnt of the settlement can be estimated reliably. Liobilities are recognised ot the amount that the chority anticipotes it will pay to settle the debt or the omount It hos received os odvonced poyments for the goods or services it must provide. 2.12 Financial instrvments The charity only hos finonciol 055ets and finonciol liobilities of o kind thot qualify as bosic finonciul instruments. Basic finonciol instruments ore initiolly recognised at tronsoction volue ond subsequently meosured ot their Settlement volue with the exception of bonk loons which ore Subsequently rneosured ot amortised cost using the effective interest method. 2.13 Fund accounting General funds are unrestricted funds which ore avoiloble for use at the discretion of the Trustee5 In furtherance of the generol objectives of the chority and which have not been designated for other purposes. Designoted funds comprise unrestricted funds that hove been set oside by the Trustees for porticulor purposes. The oim and use of each designated fvnd is set out in the notes to the finonciol statements. Restritted funds are funds which ore to be used in occordance with specific restrlctions imposed by donors or which hove been roised by the chority for particu1or purposes. The costs of roising ond administering such funds ore chorged against the specific fund. The aim and use of eoch restricted fund is set out in the notes to the financiol stotements. Investment income. gains and losses ore ollocoled to the appropriote fund. Poge 19
Rural Artion Derbyshire (A compony limited by guorantee) Notes to the financial statements for the yeor ended 31 March 2025 Income from donations ond legacies Unrestritted funds 2025 Restricted funds 2025 Total funds 2025 Donations 23,178 1.040 24.218 Unrestricted funds Restricted funds 2024 Totol funds 2024 2024 Donotions 3.532 1.116 4.648 Income from chorltable activities Unrestricted funds 2025 Restricted funds Total funds 2025 2025 Project income, funding ogreements ond gronts Earned income 73,937 698487 772.424 6.896 10.816 17.712 80.833 709.303 790.136 Unrestricted funds 2024 Restricted funds 2024 Total fund5 2024 Project income. funding agreements ond grants Earned income 74.130 529,497 603.627 6.411 230 6,641 80.541 529 727 610.268 Poge 20
Rural Action Derbyshire (A company limited by guarantee) Notes to the finonciol stotements for the year ended 31 March 2025 Investment income Unrestricted funds 2025 Total funds 2025 Bonk interest received 15.733 15.733 Unrestricted funds 2024 Totol funds 2024 Bonk interest received 9,228 9.228 Analysis of expenditure on charitoble activities Summary by fund type Unrestricted funds 2025 Restricted funds 2025 Total 2025 Choritoble activities 79.344 637.776 717.120 Unrestricted funds 2024 Restricted funds 2024 Total 2024 Choritable octivities 123.116 660,991 784,107 Poge 21
Rvral Action Derbyshire (A company limited by guarontee) Notes to the financlal statements for the year ended 31 March 2025 Anolysis of expenditure by activities Activities undertoken directly 2025 Support costs Total funds 2025 2025 Choritoble octivities 598.298 118.822 717.120 Activities undertaken directly Support costs 2024 2024 Totol funds 2024 Charitoble activities 691.966 92,141 784.107 Analysis of direct costs Total funds 2025 Totol f und5 2024 Stoff costs 360.244 384.082 Rural Accessibility 48.301 127.366 Grants & Donations 71.505 19,205 Travel 3.515 4.946 Freelonce & Consultoncy fees 26.715 62.853 Affiliation fees 8.656 8.527 Publicity Community Development 16.337 17.257 63.025 67,730 598.298 691.966 Page 22
Rural Action Derbyshire (A company limited by guarantee) Notes to the financiol statements for the yeor ended 31 March 2025 Analysis of expenditure by activities (continued) Analysis of support costs Total Total funds funds 2024 2025 Premi5e5 ond office costs 23.391 25,014 Staff Training 8ank chor9es and interest 918 1.406 946 1.124 Insurance 3.914 3.678 Irrecoverable VAT 5,402 IT & Professional Fees 83.098 50.050 Legal fees 546 757 Governance costs 6.209 4.no 118,822 92,141 Independent exominer's remuneration 2025 2024 Fees poyable to the choritu's independent exominer for the independent examination of the charity s onnuol account5 4.250 4.250 Staff costs 2025 2024 Wages and salories Sociol security costs Contribution to defined benefit pension schemes 316.761 337.867 21.572 26,012 21.911 20.203 360,244 384,082 Poge 23
Rurol Action Derbyshire (A company limited by guarantee) Notes to the flnancial statements for the year ended 31 Morch 2025 Stoff costs (continued) The overage number of persons employed by the charity during the year wos os follows.. 2025 2024 No. No. 15 15 No employee received remuneration omounting to more thon £60.000 in either yeor. Key Management Remunerotlon The keu monogement personnel of the chority comprise the Trustees ond the Chief Executive Officer. The total emploument benefits of the key monogement personnel were £51,288 (2024 - £52.843). 10. Trustees, remunerotion and expenses During the yeor, no Trustees received any remuneration or other benefits (2024 - £NIL). During the year ended 31 Narch 2025. no Trustee expenses have been incurred (2024 - £NIL). 11. Debtors 2025 2024 Due within one year Trode debtors 41.382 562 Prepoyments and accrued income 33.912 36.512 75.294 37,074 Poge 24
Aural Action Derbyshire (A company Ilmlted by guarantee) Notes to the financial statements for the year ended 31 March 2025 12. Creditors: Amounts folling due within one Year 2025 2024 Bonk loons 10.247 9.994 Trade creditors 6.718 35.642 Other toxation and 50cioI secvrity ather creditors 5.698 6.183 10.560 10,235 Accruals ond deferred income 160.333 163,802 193,S56 225.856 2025 2024 Deferred income ot 1 April 2024 Resources deferred during the year Amounts releosed from previous periods 151.233 148.043 151.233 51.233) 148.043 151.233 13. Creditors: Amounts falling due ofter more than one year 2025 2024 Bonk loons 10.511 20.7S6 Included within the above are omounts folling due os follows.. 2025 2024 Between one and five yeors Bonk loans 10,511 2a.756 Poge 25
Rurul Action Derbyshire (A company limited bu guorantee) Notes to the flnancial statements for the year ended 31 March 2025 14. Stotèment of funds stotement of funds - current year 8olance at 1 April 2024 Tronsfers 8olonce at 31 In/out March 2025 Income Expenditure Unrestricted funds Generol Funds 111.524 114.099 (55,455> (17.639) (6.250) 08.244) 151.924 Community Buildings Oil Buying 2,346 15.295 3.299 2.951 111.524 119.744 (79.344) 151.924 Restritted funds 30 263 (74) 189 Wheels 2 Work 60.677 128,426 010,093) 79,010 Aural Poverty 247.479 248.295 (248.798) 013.891) {45.290) (773) 246,976 Digitol Champion5 Willow Project 3,483 145.237 34.829 9.005 40.496 4.211 Hordship Fund 1.707 10 944 Oil Bonk 2.021 2.021 Fuel for Food 50.000 (39,591) 10.409 Digitol oworeness scoms Rural Housing Enoblement 40.000 (22.709) 17.291 57.879 (56.557) 1.522 324.635 710.343 (637.776) 397.202 Totol of funds 436.159 830.087 (717.120) 549,126 Page 26
Aural Action Derbyshire (A company limited by guarantee) Notes to the financial stotements for the year ended 31 March 2025 14. Statement of funds (continued) Statement of funds - prior year Bolance at 31 f4orch 2024 8olonce ot l April 2023 Income Expenditure Unrestricted funds General Funds 141,539 93.301 (123.116) 111,524 Restricted funds Suicide ond self-horm awareness 12.058 {12.058) 30 323 (60) (259.088) (253.044) (71.356) 263 Wheels 2 Work 143,819 175.946 60,677 Rurol Poverty 243,821 256.702 247,479 Digitol Champions 28,847 45,992 3.483 Willow Project 4.163 46,029 (41,18n 9.005 Hardship Fund Oil Bonk 19.731 46 (18,070) 1.707 2.021 2.021 Rural Hou5irTrg Enoblement 6,128 (6.128) 454.783 550,843 (660.991) 324.635 Total of funds 596.122 624.144 (784.10 436,159 Page 27
Rural Action Derbyshlre (A company limited by guarantee) Notes to the financial stotements for the uear ended 31 March 2025 14. Stoternent of funds (continued) Unrestricted Funds General Funds The generol funds represent the unrestricted funds of the chority that are not designoted for particulor purposes. Restricted Funds Sulcide ond self-horm awareness Funding to roi5e oworeness surrounding suicide and self-horm. 3D Support for Derbyshire Voluntory sector infrastructure. Wheels 2 Work Funding to support access to tronsport. Rural Poverty Funding to help deliver agreed financial inclusion and food poverty project5. Digitol Champions/aworeness Funding to support communities in becoming more digitolly inclusive. Wlllow Project To deliver rurol domestic abuse awareness troining ond events in Derbyshire. Hordship Fund/Fuel for food Rural hordship fund provides one-off smoll grants to people in rurol oreos experiencing financiol difficu5ties. Oil Bank To provide a one-off delivery of heoting oil to those in fuel crisis. Rural Houslng Enoblement Funding to employ a port time Rural Housing Engagement Officer. Poge 28
Rural Action Derbyshire (A company limited by guorontee) Notes to the financiol statements for the yeor ended 31 March 2025 15. Anolysis of net assets between funds Analysis of net ossets between funds- current year Unrestrltted funds 2025 Restricted funds 2025 Totol funds 2025 Current ossets 216.905 542.185 759.088 Creditors due within one yeor Creditors due in more thon one yeor Provisions for liobillties ond charges (48.575) (144,985) 093.556) 00.511) (5.895) 00,511) (5.895) Total 151.924 397.202 549.126 Analysis of net ossets between funds - prior year Unrestricted funds 2024 Restricted funds 2024 Totol funds 2024 Current assets 560,196 324.635 684,831 Creditors due withln one yeor Creditors due in more thon one year Provisions for liabilities ond chorges (225,856) (20.756) (225,856) (20.756) (2.060) (2,060) Total 111.524 324.635 436.159 Poge 29
Rurol Action Derbyshire (A company Ilmlted by guarantee) Notes to the finonciol stotements for the yeor ended 31 March 2025 16. Reconclllation of net movement in funds to net cash flow from operating activities 2025 2024 Net income/expenditure for the ueor (as per Stotement of Financiol Activitie5) 112.967 (159.963) Adjustments for: Decrease/(Increose) in debtors Increose/(decreo5e) in creditors Interest from investments (38.220) (32.553) (15.733) 656 12,3Q2 141.230 (9.228) 865 Interest Contributions to pension deficit Unreolised goin on pension deficit (2.099) (2,519) 5.934 Net cash provided by/(used in) operating attlvlties 30.952 (17,313) 17. Arbolysls ol cash and cash equlvolents 2025 2024 Cash in hond 683.794 647.757 Totol cosh ond cosh equivolents 683.794 647,757 18. Analysis of changes in net debt At 1 April 2024 Other non- Cash flows cash changes At 31 March 2025 Cosh ot bank and In hand 647.757 36.037 683.794 Debt due within 1 yeor Debt due ofter1 yeor (9.994) 10.648 (10.901) 00.247) 00,511) (20.756) 10.245 617.007 46.685 (656) 663.056 Poge 30
Rural Attion Derbyshire (A company limited by guorantee) Notes to the financiol statements for the year ended 51 March 2025 19. Pension commitments The chority operotes o defined beneftt penslon scheme. However. the scheme is o multiple employer scheme and the chority is unoble to identify its share of the underlying ossets and liabilities. The company porticipotes in the scheme, o multi-employer scheme which provides benefits to some 521 non- ossocioted porticipating employers. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient information to enoble it to account for the scheme os a defined benefit scherne. Therefore it occounts for the scheme as a de*ined contribution scheme. The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This. together with documents issued by the Pensions Regulotor and Technicol Actuorial Standords issued by the Finonciol Reporting Council, set out the fromework for funding defined benefit occupotional pension schemes in the UK The scheme is closslfied as a 'lost-mon stonding orrongement,. Therefore the company is potentially liable for other porticipoting employers, obligations if those employers are unoble to meet their share of the scheme deficit following withdrawal from the scheme. Porticipoting employers ore legolly required to meet their shore of the scheme deficit on on annuity purchose bosis on withdrowal from the scheme. A full octuoriol valuotlon for the scheme wos carried out ot 30 September 2023. This voluotion showed ossets of £514.9m. liabilities of £531.Om ond o deficit of £16.Im. To eliminate this funding shortfall. the Trustee hos osked the participoting employers to pau odditionol contributions to the Scheme as follows.. Deficit contributions From l April 2025 to 31 March 2028.. £2.100,000 per onnum (payable monthly) Unless o conce55ion hos been ogreed with the Trustee the term to 31 Morch 2028 opplies. Note that the scheme's previous valuation wos carried out with on effective dote of 30 September 2020. This voluation showed ossets of £800.3m. liobilities of £831.9m and a deficit of £31.6m. To eliminote this funding shortfall. the Trustee asked the porticipoling employers to poy odditional contributions to the scheme os follows.. Deficlt contributions From 1 April 2022 to 31 Jonuary 2025.. £3,312.000 per onnum (poyoble monthly) The recovery plon contributions are ollocoted to eoch porticipoting employer in line with their estimoted share of the Series 1 and Series 2 scheme liobilities. Where the scheme is in deficit and where the compony hos agreed to a deficit fvnding orrongement the componu recognises a liability for this obligotion. The amount recognised is the net present value of the def icit reduction contributions payable under the ogreement thot relotes to the deficit. The present value is colculated using the discount rate detoiled in these disclosure5. The unwinding of the discount rote is recognised as a finonce cost. Poge 31
Rurgl Action Derbyshire (A company limited by guarantee) Note5 to the flnancial statements for the yeor ended 31 March 2025 2025 2024 Present values of provision Present value of provision 5,895 2.060 5,895 2.060 2025 2024 Reconciliotion of opening and closing provision Provision ot the stort of period Unwinding of the discount factor (interest expense) Deficit contribution paid Remeosurements- impact of any chonge in assumptions Remeasurements - omendments to the contribution schedule 2.060 4.408 54 168 (2.099) 36 (2.519) 5.895 2,060 202S 2024 Deficit contributions schedule Interest expense 54 168 Remeasurement5 - impoct of ony chonge in ossumptions Remeasurements - amendment5 to the contribution schedule 37 Contributions paid in respect of future service. Costs recognised in income ond expenditure occovnt 'includes defined contribution schemes and future service contributions (i.e. excluding ony deficit reduction poyments) to defined benefit schemes which are treated as defined contribution scheme5. Rote of discount 2025.. 4.84V. 2024. 5.31% The discount rates shown above are the equivalent single discount rotes which, when used to discount the future recovery plon contribution5 due. would give the same results as using o f ull AA corporate bond yield curve to discount the some recovery plan contributions. Page 32
Rural Action Derbyshire (A compony Ilmlted by guarantee) Notes to the financial stotements for the yeor ended 51 March 2025 2025 2024 Year1 2.103 2,060 Year 2 2.103 Yeor 3 2.103 6.309 2,060 The compony must recognise o liobility measured os the present volue of the contributions poyoble that arise from the deficit recovery ogreement and the resulting exoense in the Income ond expenditure account i.e. the unwinding of the discount rate as a finance cost in the period in which it orises. It is these contributions thot have been vsed to derive the company's balance sheet liability. 20. Operoting lease commitments At 31 Narch 2025 the chority hod commitments to make future minimum leose payments under non-concelloble operating leases os follows.. 2025 2024 Not loter than l yeor 16.118 15.096 Loter thon 1 yeor ond not loter thon 5 uears 7.082 20,644 23,200 35,740 21. Related party transoctions The chority hos hod no related party tronsQCtions during the year. Poge 33
Rurol Action Derbyshire (A company limited by guarantee) Notes to the financial stotements for the year ended 31 Morch 2025 22. Main Fvnders 2024 - 2025 2025 2024 Action for Communities in Rurol Englond 80150ver District Council 57,879 6.128 2.265 2.265 Department for Environment Food and Aurol Affoirs Derbyshire County Council Oerbyshire Community Foundation Derbyshire Dales District Council Derbyshire Police & Crime Commissioner Donotions to Hardship Fund Donotions to Food and Fuel Poverty Feeding Derbyshire Notionol Rurol Crime Network 44.200 44.200 449.505 346,440 3.500 4.933 4.542 80.000 40,000 10 46 1.030 270 4,050 5.000 NHS Charities Together North East Derbyshire District Council 45,992 2,000 2,000 Morches Energy Agency South Derbu5hire District Council Streetgomes SC Johnson 50.000 5.552 5.443 52.383 34.57S Poge 34