Registered number: 03327628 Charity number: 1061538 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limlted by Guarantee) CONTENTS Page Reference and Administrative Detalls of the Charitable company, Its Trustees and Advisers Tru8tees' Report 3-17 Indopendont Audltors. Report on the Flnanclal Statomonts 18-21 Consolldated Statement of Flnanclal Actlvltlos 22 Consolldated Balance Sheet 23-24 Charltable company Balance Sheet 25-26 Consolidated Statem•nt of Cash Flow• 27 Notes to the Flnanclal Statements 28-54 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees C Barker J M Barnes B S George P Grayson, Chair Cllr T Hill S Khooner A Lovesey G Prickett (resigned 30 November 2023) l Riches C J Smith M R Liddiard (appointed 30 November 2023) J Carre (appointed 28 February 2024) A Khandelwal {appointed 27 February 2024) Company reglstered number 03327628 Charlty reglstered number 1061538 Reg18tered offlce The Old School Cardington Beds MK44 3SX Company secretary Mrs T Cowan Chief oxecutive offlcer Mrs T Cowan Bankers CAF Bank 25 King5 Hill Avenue Kings Hill West Malling Kent ME19 4JQ National Westrninster Bank plc 81 High Street Bedford MK40 1NE Scottish Widows PO Box 12757 67 Morrison Street Edinburgh EH3 8YJ Page 1 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, rrs TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Virgin Money Jubilee House Gosforth Newcastle upon Tyne NE3 4PL Senlor Management Team Mr Cliff Andrew5 Ms Janice Janes Mrs Kate Ellis Mr Bill Simmons Solicitorn Woodfines LLP 16 St Cuthberts Street Bedford MK40 3JG Independent Auditors Streets Audit LLP Chartered Accountants and Registered Auditors Potton House Wyboston Lakes Great North Road Wyboston Bedford MK44 3BZ Page 2 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report together with the audited financial statements of the charitable company for the year from 1 April 2023 to 31 March 2024. The Annual Report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitsble company's governing document and the provisions of the Statement of Recommended Practice (SORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019)- Since the group and the charitable company qualify as small under section 383 of the Companies Act 2006, the Group Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. The group and the charitable company also trade under the names Beds RCC and BRCC. Founded in 1953 as Bedfordshire Rural Community Council, Bedfordshire Rural Communities Charity (BRCC) is a member of a national neI￿Ork of Rural Community Councils under an umbrella organisation, Action for Rural Communities in England {ACRE). Structure, governance and management . Constitution Bedfordshire Rural Communities Charity is a company limited by guarantee, having no share capital, and is a registered charity. The charity was incorporated on 4 March 1997 and is governed by its Memorandum and Articles of Association. The liability of its members in the event of the charitable company being wound up is limited to a sum not exceeding £10 per member. b. Objects The charity's objects are: to promote any charitab5e purpose for the benefit of the community primarily in the historic county of Bedfordshire, and in particular, the advancement of education, the protection of health and the relief of poverty, distress or sickness. in furtherance of that said purpose, but not otheThvise, to promote and organise co-operation in the achievement of the same and to that end to bring together representatives of the voluntary organisations and statutory authorities in the historic county of Bedfordshire. Page 3 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and management (contlnued) c. Governance (includlng appointment, Induction and tralnlng of Trustees) The directors and senior managers of the organisation who served during the year are set out on page one. The directors of Bedfordshire Rural Communities Charity are its trustees for the purposes of charity law. Members of the charity are entitled to nominate directors, from whom the Board is elected at the Annual General Meeting. All new directors are provided with an induction by the Chief Executive and the Chair of the Board. The Board of Directors meets quarterly. Many of its responsibilities are delegated to three Board Committees.. the Finance Committee, the People and Projects Committee and the Strategic Development Committee, which also meet quarterly. Day-to-day responsibility for the running of the charity 15 delegated to the Chief Executive and five departmentsl managers (as listed on page Iwo). d. Pay pollcy for key management personnel The charity uses the NJC payscales as a basis for all staff salaries, including the CEO and management team who make up the Key Management Personnel. . Related party relationships The charivs trustees and officers are involved in a wide range of other businesses and organisations, as directors, trustees, employees and councillors. Bedford Borough Council and Central Bedfordshire Council provide funding to Beds RCC but the trustees do not consider that any councillors who are also trustees of Beds RCC are able to influence the charity's relationship with those organisations. Details of related party transactions are given in note 27 to the financial statements. f. Flnanclal risk management The directors recognise that there are potential risks to which the charity may be exposed. The directors have identified five main areas of risk- govemance and management of the charity operats'onal risks financial risk5 environmental and extemal factors Complian￿ with law and regulation The processes for monitoring and mitigation of these risks have been identified and are recorded in a risk register. The directors have delegated the day-to-day implementation, monitoring and evaluation of the risk register to the senior management team. During the year the Board received reports from the Chief Executive and agreed actions to mitigate any serious risks. Page 4 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and management (contlnued) g. Grant making policies In administering grant schemes, Bedfordshire Rural Communities Charity will ensure that.. it only manages funding programmes that clearly fit in with its own priorities, objectives and mission there is an independent and representative panel of people established as the body accountable for making decisions on grant allocation staff carrying out developmental work with projects are not involved in any way with decision making all grants funds will be promoted and advertised in ways that aim to reach the full range of target benefi'ciaries, and the application procedures are straightforward, transparent and clearly explained once awarded, expenditure of the grant and monitoring of progress is carried out at appropriate intervals to ensure that the funding is spent for the purpose for which it is given all condition5 attached to the offer of the grant are met - in the event of this not being the case, the grant offer will be withdrawn final reports are submitted from the recipients of the grant outlining the outcome of the funding appropriate financial records are kept and reporting obligations of funders are Met. h. Flxed Assets Acquisits'ons and disposals of fixed assets during the year are recorded in the notes forming part of the financial statements. Objectives and actlvitie8 •. Mission and role BRCC exists to support local community life in Bedfordshire. Its role is as follows: A coordlnator of local community activity to enable communities to do more for themselves and reduce reliance on the state An Intermedlary be￿een public (and private) service providers and the people in local communities they need to reach A manager of partnershlps across public, private and voluntary sectors to achieve common objectives (e.g. conseNation, rural economic development) A direct provider of Services (e.g. community transport) that help people to participate in the community Page 5 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Objectives and activitles (continued) b. Areas of benefit BRCC is still unquestionably the leading countywide organisation working with rural communities in Bedfordshire. However, it is not always helpful to make the distinction beiween urban and rural when services are delivered across whole local authority areas. While retaining its rural specialism, BRCC increasingly supports 'local community life, across all areas of the county. Also, BRCC now operates outside Bedfordshire in some cases (e.g. where projects based in Bedfordshire have extended across county boundaries). c. Desired outcomes The high level outcomes that BRCC seeks to achieve are as follows.. Communitie5 are more involved in delivering local Servi￿S and managing their local assets Potentially vulnerable andlor disadvantsged people gain more independence People increase their physical, mental and social well-being People with barriers to the labour market gain skills and employment Rural communities have a more thriving local economy Bedfordshire's built and natural environment is conserved and enhanced d. Public beneflt Section 4 of the Charities Act 2011 requires the Board of Directors to comply with their duty to have due regard to public benefit guidance published by the Charity Commission in exercising their powers or duties. The Board of Directors has reviewed the organisation's mission and values (as listed above) in the context of its charitable purposes and considers that they meet the bNO key principles of public benefi't as identified by the Charity Commission: there must be an identifiable benefit or benefits benefit rnust be to the public, or section of the public BRCC has introduced a checklist for use to ensure that all of its activities are for public benefit. It 15 based on the bNo principle5 above and the relevant factors under each principle identified by the Charity Commission. All existing work has been assessed against the checklist. and it is used by the Strategic Development Committee to assess proposed new areas of work. As a result, all areas of the charity's work are deemed to be for the public benefit according to Charity Commission guidance. Page 6 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance a. Review of activities Beds RCC Annual Review: A Year of Growth, Community and Impact Aprll 2023: A Blooming Good Start The year began with a flourish as Beds RCC launched the 'Rails to Roots, gardening group at the Ridgmont station Heritage Centre and Tea Room. This initiative has not only transformed the coutyard garden into a vibrant community space but also extended our green wellbeing projects to a new area of Bedfordshire. The group's efforts have created a peaceful retreat that visitors and locals alike have come to cherish, adding a new dimension to our ser￿iceS in the region. May 2023: Coronation Celebratlons and Communlty Engagement In May, we joined in the national celebration of His Majesty, The King's Coronation by participats'ng in 'The Big Help Out,. Warden Abbey Vineyard opened its doors for taster days, inviting the community to experience volunteering in a unique and meaningful way. These events highlighted the spirit of Se￿iCe that is at the heart of Beds RCC'S mission, connecting people to nature and to each other through shared work and purpose. June 2023: Honouring Our Volunteer8 Volunteer recognition took centre stage in June as we ￿lebrated Volunteers Week. Our dedicated volunteers frorn Ridgmont, Bedford St Johns, Lidlington Stations, Warden Abbey Vineyard and Dunstable Community Halls, Garden Group were among the guests at the Lord Lieutenant of Bedfordshire Susan Lousada's garden party. This event was a heartfelt acknowledgment of the countless hours our volunteers contribute, making our communities stronger and more resilient. July 2023: Natlonal Spotllght on Local Treasures In July, Warden Abbey Vineyard gained national attention with a feature in the renowned food magazine delicious. The article highlighted the unique volunteer-driven approach of the vineyard, underscoring how community involvement enhances the quality of our wine and strengthens local ties. This recognition was a proud moment, showcasing how 8eds RCC'S projects not only serve local needs but also stand out on a national stage. August 2023: Pedalling Forward and Famity Fun August marked the successful launch of 'BigglesBikes' in Biggleswade, a community bike Scheme that saw nearly 50 new users in its first month. This initiative encourages healthy, sustainable transport and adds to the vibrant community life in the area. Additionally, our 'Walk on the Wild Side, family walks provided free. nature-based activities during the summer holidays, helping families connect with the outdoors in meaningful ways. September 2023: New Beginnings and Well-Deserved Recognitions September was a month of milestones. The Potton Green Wheel walking route was unveiled, offering residents and visitors a new way to explore the natural beauty of the area. The Bedfordshire Mentsl Health Alliance held its first meeting, a collaborative effort between Beds RCC, Mind BLMK, and Carers in Bedfordshire. reflecting our commitment to rnental health support. The launch of Dunstable Community Halls and 'Lily's Garden, after extensive renovations provided a renewed space for community activities. Our efforts were further validated as Warden Abbey Vineyard won the 'Made in Bedfordshire, category at the CPRE Bedfordshire Living Countryside Awards, with Lily's Garden eaming a Highly Commended recognition at the Dunstable in Bloom awards. October 2023: Royal Encounters and Local Innovations October wa5 a month of royal connections and local creativity. Beds RCC staff had the honour of meeting Her Royal Highness The Princess Royal at the Rural Housing Conference, a prestigious event hosted by the English Rural Housing Association. The launth of Ridgmont Heritage's new 'Rail Ale, at our Ridgmont station Heritage Centre brought a fusion of local art and raft beer to the community, whilst the Jubilation Community Hub opened its doors, providing a warm, welcoming space for Bedford residents. Page 7 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance (continued) November 2023: Celebratlng Service and Innovation In November, Houghton Regis Helpers received the King's Award for Voluntary SeNice 2023, a testament to their unwavering dedication to providing Good Neighbour help. Additionally, our M.E.E.T. (Men, Exercise, Engage, Talk) program was shortlisted for the Self- Care Forum's Innovation Awards, recognising its impact on men's health and well-being. December 2023: Mllestones and Festlve Cheer The year closed on a festive note with Meppershall GNOMES celebrating their 1 Oth anniversary with an Aftemoon Tea. Meanwhile, the Jubilation Hub brought the community together with natural craft sessions, teaching members how to create handmade festive decorations and gifts, fostering a spirit of creativity and togetherness during the holiday season. January 2024: Winter Wellbelng and New Opportunltles As winter set in, Beds RCC extended its Green Social Prescribing offer with the Ivel Valley Winter Wellbeing Group. This program provided a sanctuary for individuals to engage in gardening and relaxation at Dunton Community Garden, proving that the benefits of green spaces are year-round. February 2024: Strategic Vislon and Legacy February wa5 a time for reflection and future planning as BRCC held its Strategic Plan Launch. This event brought together staff, trustees, patrons, and partners to celebrate our achievements and outline our vision for the future. We also premiered our 70th Anniversary video. a timely reminder of our enduring commitment to the communities we serve. arch 2024: Going Green and Embraclng the Future The reporting year culminated in March with Village Halls Week, where we shared exciting updates on our efft)rts to help village halls and community buildings across Bedfordshire 'Go Green,. This initiative aligns with our commitment to sustainability and community resilience, setting the stage for a greener, more connected future. This year has been one of growth, celebration, and impactful change for Beds RCC. From new projects and royal recognitions to national spotlights and community milestones, we have continued to fulfil our mission of supporting and enriching rural and urban communities across Bedfordshire. As we look ahead, we remain committed to building on this year's Successes and creating even more opportunities for connection, wellbeing, community and collaboration, As always the team of staff, volunteers, trustees and patrons support our organisation selflessly with passion and enthusiasm and for that they need a special thank you in our report. Supportlng and Engaglng Communltles Good Neighbour and Village Care Scheme Network Good Neighbour and Village Care Schemes play a vital role within their communities by facilitating acce5S to occasional voluntary as51Stance, akin to the support one neighbour might offer another. This assistance serves as a crucial factor in allowing individuals to maintain their independence and continue residing in their own homes. This year we supported 31 groups within the Bedfordshire ne￿ork. We had 465 volunteers who carried out more than 15,788 tasks. We ran training sessions covering safeguarding and DBS checks. Willage and Communlty Agents Our Village Agents operate in all the villages within Bedford Borough, primarily funded by the Bedford Borough Council. This dedicated team of part-time Agents identifies individuals in hard-to-reach rural areas and assists them in enhancing their quality of life by connecting them with mainstream services or cornmunity support networks. Page 8 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and performance (continued) Furthermore. we have Community Agents who work with specific communities in Central Bedfordshire, thanks to local funding arrangements. Our Agents supported 1,315 individual clients, including 684 new clients. 569 home visits were undertaken. During this year we also developed a Town Agent pilot post for Bedford Borough who was based in Bedford and Kempston. Village Hall & Communlty Bulldlngs support Hall committees have gradually resumed nomality post-covid. The IIHA service was able to support and guide this process, helping to relieve the residual anxiety felt by many committees. We supported 93 halls with advice and guidance this year. We worked with Stevington Village to develop a church room into a Community Hall supporting them to secure a grant of £19000 towards the adaptions needed. Houslng and plannlng Beds RCC supports local communities to plan for their future through Neighbourhood and Green Inffastructure (Gl) planning. During the year we supported 10 Neighbourhood Plan groups., we provided support to groups via phone and email and also through attending their Neighbourhood plan steering group meetings. We worked with 3 communities on Green Infrastructure Plans. In addition, we help rural parishes to meet their affordable housing needs by carrying out household survey5. This year we carried out 2 housing needs surveys, working in partnership with Parish Councils, Neighbourhood Plan steering groups, Local Authorities, Housing Associations and local landowners. We continue to work as part of Eastern Community Homes, a community led housing hub for the Eastern region formed with our ACRE colleagues in the East of England. We continue to raise avRreness of the benefits of community-led housing projects. We facilitste the Community-led Planning and Rural Housing across Bedfordshire, offering advice and support in creating a Parish, Town, Neighbourhood or Green Infrastructure Plan, and we are part of the ACRE national ne￿Ork of Village Hall Advisors, we provide information, advice and support to Charitable Village Hall Committees. Health and Wellbeing The Community and Wellbeing team is there to promote and facilitate health and wellbeing for individuals and communities. Communlty Referral Our Community Referral {Social Prescribing) service allows GPS, nurses and other care professionals to refer people for non-medical, community based support and services via our Community Wellbeing Champions. It bridges the gap betr￿een the NHS and the community and frees up GP time. During the past year our Community Wellbeing Champions received close to 1400 referrals. Taryeted Mental Health Social Prescriblng Through our role as a key VCSE partner, in partnership with ELFT, we supported colleagues in the transformation of secondary mental health seniices. We have been able to embed the Community Wellbeing Champion into the new 'front door, to enable residents access support provided by Community Mental Health Teams. In the second year of this role we are seeing the benefits of this resource, supporting people to access quick and responsive care, cffering holistic strategies to enable them to maintain their mental health and be independent of services. Page 9 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and performance (contlnued) Community Wellbeing Champions are vnrking across clinical teams to support sustainable changes for people with serious mental health. Youth 2 Adults As part of the Mental Health Collaboration Fund we partnered with Music 24 and Dunstable Cultural Consortium to deliver Y2A. This was a new opportunity for Beds RCC, offering an early inte￿entIOn to young people meets our aims set in our strategy. The group was funded to support young people in Dunstable and the surrounding area who were struggling with their mental health and May not be in education, employment or training (NEET) and may have a diagnosis of ASD or ADHD. This group met twice a week at Dunstable Community Halls where they could engage in art sessions, creative music 5es5ions and access support services to build connections and improve their confidence. The young people who engaged with our sessions report they were able to build friendships and discover new opportunities, beyond the group. Jubllatlon Hub In partnership with our funder BIG LOCAL, we have successfully launch the Jubilation Community Drop in to support residents to access support services, become physically active, enjoy a hot drink, soup or roll and make connections in their community. The group runs every Monday with the support from our Community Hub Coordinator and Assistant Our collaboration with residents who attend the session, our hub team have co-designed a variety of groups and sessions to engage everyone. A highlight from our Christmas programme was our free festive door wreath session and a bookable 5- week wood Car￿ing course both sessions are delivered by our skilled team as part of our Green Social Prescribing offer. Green Infrastructure and Sustalnability We also provide a range of Community and Countryside initiatives, including wildlife conseNation and volunteering. This year we have been developing several new Green Infrastructure plans for village5 including facilitated workshops, online surveys and drop in engagement sessions. We host the Upper and Bedford Ouse Catchment Partnership. Beds RCC also lead5 on a number of'Green Wheels, (linking publicly ac￿Ssible green spaces and routes within and around rural towns) in the Ivel Valley area. During this year we were pleased to launch the Potton Green Wheel. Beds RCC continues to deliver a variety of other activits'es that involve local people in designing, conserving and being active in their local green spaces, including our Ivel Valley Conservation Volunteers. For over 17 years, we have run Wellbeing Walks across Bedfordshire, through which y￿ deliver over 40 walk programme5- free and open to all. Green Social Prescribing Our Green Social Prescribing work has continued to grow, providing individuals with healthy outdoor activities to benefit their physical and mental wellbeing. We supported a number of community gardens in addition to creating gardens at our sites at Dunstable Community Halls & Ridgmont station. We continued to coordinate over 40 Wellbeing Walks within the county, establish a Iow-COSt bike hire scheme in Biggleswade, ran taster conservation volunteer courses and led numerous natural wellbeing activities. Page 10 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and performance (continued) Ecology and Conservatlon Volunteerlng Our in-house Ecologist supported landowners and Local Authoritie5 in undertaking a number of habitat and species surveys to inform planning applications and land management decisions. Our hosting of the Upper & Bedford Ouse Catchment Partnership continued our involvement in caring for the wildlife of our river5. Our Ivel Valley COnser￿ation Volunteer group undertook over 40 tasks including habitat creation and management", and access enhancements to countryside sites. Community Engagement We supported 10 communities with the development of their Neighbourhood Plans. This support often included undertaking Housing Needs Supieys and facilitating the production of Green Infrastructure Plans. Using online and postal surveys, facilitated workshops and face to fa￿ drop-in sessions, we enabled many residents to have a voice in planning and decision makin9 Wlthin their communities. Dunstable Communlty Halls Dunstable Community Halls provides affordably priced space for hire either to individuals, organisations or local groups. During the year we supported a range of local community activities, including children's dance classes, adult pilates and zumba, ball rooTn dancing, line dancing, educational presentations, health and wellbeing sessions. In September we welcomed staff, trustees, volunteers and past users to the opening of our Community Garden. Voluntary Sector Support We continued to provide information, support and signposting to a range of community groups seeking assistance with funding, governance and community engagement. We supported the planning and hosting of Central Bedfordshire Council's Cheering Volunteering evenL Communlty Tran8POrt Community transport plays a vital role in meeting the needs of vulnerable individuals throughout Bedfordshire. This year was a challenging year with the previous year trading loss. We were focussed on gaining additional work whilst still delivering a great service to our existing contracts. In 23124 we travelled 52,164 rniles with 9445 journey5. Door to Door l Greensand Country Beds RCC operates bNO personalised transport services, commonly known a5 'dial-a-ride,' to cater to individuals facing substantial challenges in utilising conventional public transportation. These services are 'Door to Door,. which serves the entirety of Bedford Borough, and 'Greensand Country, community transport, focusing on northern Central Bedfordshire. Together, they extend their coverage across 75 % of Bedfordshire, encompassing areas from Dean & Shelton in the north to Harlington in the south. Both Se￿iceS are closely interNvined, often utilising the same vehicles and drivers to provide efficient transportation solutions for the community. The Dial-a-ride services continued to make a difference to those in our communities who needed it. Both contracts are running via an extension arrangement Communications with both Councils for continued serrfice has begun and we hope will be successful in 2024. Road - Contract Work Community Transport has needed to look at additional contract work to support sustainability and has built gradually. We will continue to look for additional work across Bedfordshire. Page11 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance (continued) Bedford Mobility Hub The Mobility Hub was an element of our original Dial-a-ride Contact with Bedford Borough which lapsed. We released the building back to the Council on the 9th March 2023 and the building is no longer Beds RCC'S responsibility. Community Rail Partnershlps BedsRCC oversees the operations of Community Rail Partnerships.. One for the Bedford to Bletchley line, known as the Marston Vale line, and the other for the Bedford-st Albans City line, referred to as Beds & Herts. Both CRPS work to engage the local community and help people get the most from their railway, promots'ng social inclusion and sustainable travel, working alongside Train Operating Companies to bring about improvements. 2023-24 was a challenging year for both CRPS, primarily due to regular rail strikes and the ongoing lack of a full train service on the Marston Vale Line. Marston Vale CRP launched a marketing campaign to ￿lebrate the resumption of the full seNice and introduction of £1 ticket offer in February 2024. Marston Vale CRP secured funding from Rookery South Community Trust Fund for phase bNo of the Lidlington Youth Engagement Project (a youth group meeting weekly in term-time). Beds & Herts CRP marked the 50th anniversary of the rebuilding of St Albans City Station with the unveiling of a mural in the Booking Hall and a photo exhibition. The CRPS worked together to arrange Christmas concerts at Bedford Station raising over £350 for Tibbs Dementia Foundation and over £420 for Bedford Foodbank respects'vely. Digital Connection Digital connection sees us vrforking with people in Bedfordshlre to help them become more digitally included, to teach and equip them to access online services thal improve their health and wellbeing helping reduce loneliness and inspire confidence. You Can Do rri The 'You Can Do ITI, project, which supports people to leam how to use digital technology has gone from development phase last year to delivering sessions across Bedford and Central Bedford5hire. 12 active volunteers continue to support us as Digital Health Champions to provide that help within our established groups. We expanded this year and are looking for additional funding to continue the programme well in to 2024. The project has welcomed 150 leamers across all groups and delivered 1023 sessions of individual tuition. Supportlng Culture and Heritage Supporting culture and heritage was a new area for us this year introduced by our new Strategic Plan. We want to support the culture and heritage of our communities to ensure the preservation of the rich history, traditions and identities of different communities and societies. Ridgmont Station Heritage Centre We are responsible for Ridgmont station Heritage Centre, a Grade 11 Listed building dating back to 1846, designed by the Duke of Bedford. We restored it between 2007 and 2013. We are open to the public with museum, gift shop, tourist information point, tea room and office & meeting space. This year was quieter due to the lack of regular trains on the Marston Vale line but the volunteers continue to do a wonderful job manning the shop, conducting tours of the building and museum. Page 12 BEDFORDSHIRE RURAL COMMUNITIES CHARITY IA Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Achievement¥ and pgrformance (continued) Dunstable Cultural Consortlum Dunstable Cultural Consortium is a partnership led by Beds RCC focused on enhancing and promoting the cultural landscape of Dunstable. The consortium aims to bring together various cultural organisations, artists, historians and community groups to create a vibrant cultural scene in the town. This was the final year for the programme funded by Historic England and during the year the Consortium delivered projects such as The HeART trail, Talking plaques, Memory workshops. 1960's and 1940's days. 1000/0 of attendees rated the events as "good" or.very good" and excellent outcome. Corporate and Community Bu8ine88 This section combines our two new Strategic Plan areas of Community Business and People and Partners. This area focuses on our Corporate teams, people and partnerships and our not for profit Trading arm. This area operates across the whole organisation providing services and support to all departments, as well as our two not-for-profit businesses. Flnancial and HR management The finan￿ team grew thi5 year wtth the addition of an Assistant Accountant is September, along with the appointrnent of an Executive A5S15tant who took over the HR records function. This has really supported the team to grow and 5UPPOrt the organisations policies and procedure5. Marketing and IT This was a hugely busy year for our Marketing and IT teams. The Markets'ng team took on the responsibilty for the marketing of our Vineyard and along with other new projects this has meant lots of new design briefs using our skills in-house rather than externally. Our following across social media wa5 increased and we were very lucky to win some awards with the support of the team. Rldgmont station Tea Room This is covered in the review of activities for BRCC Trading Services. Warden Abbey Community Vlneyard This is covered in the review of activities for BRCC Trading Seplices. b. Revlew of actlvltles - BRCC Tradlng Servlces Ltd Bedfordshire Rural Communities Charity operates a wholly-owned subsidiary company entitled BRCC Services Ltd, the purpose of which is to raise funds to support the charity. The officers of the company are: P Grayson l Riches T Harcus (resigned Feb 2024) M Robins (appointed 27 February 2024, resigned Feb 2024) T Cowan (Secretary) The main trading activities of BRCC Services Ltd are currently.. Rldgmont Station Tea Room The Tea Room had a productive year with close to 4% growth on 2022123. There were some themed events such as °Festive Afternoon Tea, "Motherfs Day Afternoon Tea" along with some of the Community Rail Partnership Heritage events and Baby Shower bookings. Page 13 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievement8 and performance (continued) The exiernal area has been improved with flowers and cared for by the BRCC Rails to Roots Group. They are hopeful to plant vegetables in April 2024. The impact of the trains not running continued until February 2024 (from December 2022) and there are still reliability issues which is disappointing. We ended the year with some staff mobility which will need to be addressed in the new financial year to enable the provision to conb-nue to grow. Warden Abbey Community Vlneyard Beds RCC manages the Warden Abbey vineyard as a community project, in order to provide rewarding volunteering opportunits'es locally while also continuing to make award-winning local wines. This year was extremely challenging. We had issues with disease on the vines coupled with an inexperienced new Vineyard Manager who left in October 2023. The original Vineyard Manager came back for an interim period and to steady the decline of the vines. During the harvesting day, the team picked around 0.6 tonnes of our grapes. This has been our lowest yield and will affect us in a couple of years, ts.me in terms of new stock. We have chosen to make this batch of harvest into a new variety of pink sparkling wine which should produce around 600 bottles and will be a limited edition to help us recoup financially with a more expensive product ft)r sale in the future. Financial revlew a. Reserves policy The trustees have identified the need for the Charity to hold unrestricted reserves for three principal reasons.. a) To remain resilient and manage risk in an increasingly uncertain and volatile operating environment b) To accommodate cash flow pressures at a time when a number of BRCC'S income streams involve payment in arrears c) To allow for significant contingency, particularly the costs incurred in the event of dosing down the Charity Its unrestricted reserves will therefore contain two elements.. 1. Resilience funds.. BRCC will hold between 1 and 3 months, total budgeted operating costs in order to provide sufficient cash flow for the organisation whiSe enabling it to address future opportunities, threats and risks as part of its long-term financial planning, as well as sensitively managing the ￿SSatIon of services to beneficiaries where required. 2. Designated fund5.' the trustees have designated a Contingency Fund (to cover the costs of winding up the organisation)" a Building & Vehicles Maintenance Reserve {to cover extraordinary repairs or maintenan costs); and a Fixed Assets Resenie (reflecting the current value of its Fixed Assets). These funds will not be Used day to day for the purposes outlined in 1 and 2. The trustees review the levels of these designated funds annually. The Charity will not hold more reserves than it needs to deliver the aims of this policy, in order to ensure that it continues to meet the need5 of its current beneficiaries as effectively as possible. The level of reserves held will be monitored monthly by the Management Team and quarterly by the Finance Committee. The Board will review this reserves policy annually. Page 14 BEDFORDSHIRE RURAL COMMUNITIES CHARITY {A Company Llmlted by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 b. Financial rovigw During the year, the charity and its trading subsidiary BRCC Services Ltd raised income of £2,370,069 {2022123 £3,548,222) to enable it to deliver a range of activits'es under its charitable objects. This income came principally from local and central governrnent, Lottery distributing bodies and other funders through a range of service level agreements, grants and contracts. A proportion also came directly from clients and beneficiaries (through fees and charges), and some from retail activities and donations. Total expenditure during the year amounted to £2.571,804 {2022123 £2,808,071), with the result that the overall net movement in fund5 for the year amounted to a deficit of £201,735 (2022123 surplus of £740,151 of which £715,736 was recogni5ed from the amalgamation of BRCC with LUBYA, the Luton and Bedforshire Youth Associats'on which was previously an independent registered charity). The operating deficit evident in 2024 primarily reflects situations where income was received for the purposes of delivering specific projects and programs in 2023 and the resulting expenditure fell within 2024. This is an appropriate presentation of the income and expenditure and reflects our commitment to responsibly manage and allocate resources over the duration of our projects including those which span more than one financial year, Transfers have been made to increase the balance in the Fixed Asset Reserve to £1,155,911, to match the total net book value of the fixed assets as at 31 March 2024. The other designated reserves (Contingency and Buildings & Vehicle Maintenance reseNes) have been maintained at the same level. As a result of this year's activity, the Charity's General Fund deficit has increased to £68,382 {2022123 £25,530)- The general fund is, therefore, below the minimum level set out in the Reserves Policy (above). Restoring the General Fund to above the minimum level ha5 therefore been identified as a priority for the trustees over the coming years. The trading subsidiary, BRCC Seplices Ltd, reported a loss of £3,909 in the year (2022123 loss of £71,435) and the cumulative losses amounted to £159,946 at 31 March 2024 (2022123 £156,037). c. Golng concern After making appropriate enquiries, the Trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. For this rea50n, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. Page 15 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Plans for the future Continue to grow our Community and Wellbeing Service securing funding from LA'SI ICB and the Primary Care Networks and further expand into Green Social Prescribing, Digital Isolation and Children and Young People areas Expand our Community Transport Service through increasing the range of services and projects and look for greener opportunities for the fleet Look for opportunities to continue the refurbishment Dunstable Community Halls Continue to develop our presence in the South of the County and Luton Continue to expand our Rural Housing offer to provide the full Rural Housing Enabler seNice Continue to develop the Good Neighbour and Village Care Scheme Ne￿Ork To acquire full Museum accreditation for Ridgmont Heritage Centre and develop the offer Develop our Culture and Heritage offer including a feasibility study for developing a community eco-building for our Community Vineyard Continue to develop collaborative relationships with other local organisations and within the ACRE Network Continue to look for opportunities and diversify income streams where p055ible Statement of Tru8tees' responslbilitieg The Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are sats'sfied that they give a true and fair view of the state of affairs of the Group and the charilable company and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP {FRS 102); make judgments and accounting estimates that are reasonable and prudent; stste whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any rnaterial departures disclosed and explained in the financial statements; prepare the financial Statements on the going concern basis unless it is inappropriate to presume that the Group will conts.nue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the charitable company and hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 16 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Dlsclosure of information to auditor8 Each of the persons who are Trustees at the time when this Trustees, Report is approved has confirrned that" so far as that Trustee is aware, there is no relevant audit infomiation of which the charitable group's auditors are unaware, and that Trustee has taken all the steps that ought to have been tsken as a Trustee in order to be aware of any relevant audit information and to estsblish that the charitable group's auditors are aware of that infomiation. Audltors The auditors, Streets Audit LLP, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees. Approved by order of the Members of the board of Trustees and Signed on their behalf by.. •Jv. P Grayson Chair of Trustees Date.. zq O ctolyZik The notes on pages 28 to 54 fomi part of these financial statements. C Barker Chair of Finance Committee Page 24 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Llmlted by Guarantee) REGISTERED NUMBER: 03327628 CHARITABLE COMPANY BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Flxed assets Tangible assets Investments 13 14 1,155,911 100 1,150,708 100 1,156,011 1, 150,808 Current assets Debtors Investments Cash at bank and in hand 16 17 382,583 87,976 688,248 704,384 85,999 608, 437 1,158,807 1,398,820 Creditors: amounts falling due within one year 18 1245,8261 (282,810) Net current assets 912,981 1,116,010 Total net assets 2,068,992 2,266,818 Page 25 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) REGISTERED NUMBER: 03327628 CHARITABLE COMPANY BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024 2024 2023 Note Charity funds Restricted funds Restricted funds Unrestricted funds 20 20 20 20 806,463 957, 139 806.463 1,262,529 957, 139 1,309,879 Total funds 2,068,992 2,266,818 The charitable company's net movement in funds for the year was £(197,826) {2023 - £811,586). The charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. However, an audit is required in accordance with section 151 of the Charities Act 2011. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting record5 and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entiti.es subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. P Grayson Chair of Trustee Date: 2q Qctohu 2•14 The notes on pages 28 to 54 fom part of these financial statements. C Barker Chair of Finance Committee Page 26 BEDFORDSHIRE RURAL COMMUNITIES CHARITY IA Company Limited by Guaranteel CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operating activities Net cash used in operating activities 114,314 (177.485) Cash flows from Investing activities Dividends, interests and rents from investments Proceeds from the sale of tangible fixed assets Purchase of tangible fixed assets 8,503 6,069 145,656) 2,107 5, 526 (35,697) Net cash used In Investing activities (31,084) (28.064) Cash flows from flnanclng actlvltlos Repayments of borrowing Movement in fixed term deposit 19,524) 11,977) (9,293) (999) Net cash used In flnanclng actlvltles (11,501) (10,292) Change in cash and cash equlvalents In the year Cash and cash equivalents at the beginning of the year 71,729 1215,841) 835,340 619,499 Cash and cash equlvalents at the end of the year 691,228 619,499 The notes on pages 28 to 54 form part of these financial statements Page 27 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General Infomiatlon As set out in the trustees, report. Bedfordshire Rural Communiies Charity is an unincorporated charity registered in England and Wales. The address of their registered office is The Old School, Cardington, Beds, MK44 3SX. The financial statements are prepared in sterling, which is the functional currency of the entity. The charfty's objects are stated in the trustees, reporL Accounting policie8 2.1 Basis of preparatlon of flnanclal ststements The financial statement5 have been prepared in accordance with the Charities SORP {FRS 102) - Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Bedfordshire Rural Communits"es Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilits'es are initially recognised at historical cost or transaction value unle& otherwise stated in the relevant accounting policy. The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance Sheet consolidate the financial statements of the Group and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis. The Group has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Financial Activities in these financial statements. 2.2 Crltlcal accountlng Judgements and key Sources of estlmatlon uncertalnty In the application of the Charitable Company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant, Actual results May differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below: Allocation of costs - Direct expenses are charged to individual cost centres wherever possible. Where costs cannot be directly attributed to particular activities, they have been allocated on a basis consistent with the use of those resources. Page 28 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies (continued) 2.3 Company status The charitable company is a company limited by guarantee. The members of the company are the Trustees named on page . In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £10 per member of the charitable company. 2A Golng concern The trustees assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. The tnjstees have reviewed the level of reseNes held by the charity and are satisfied that they are sufficient to enable the charity to continue its activities for the foreseeable future and, accordingly, the financial statements have been prepared on a going concem basls. 2.5 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purpose5. The costs of raising and administering Such fund5 are charged against the specific fund. The aim and use of eaGh restricted fvnd is set out in the notes to the financial ststements. 2.6 Income All income is recognised once the charitable company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Page 29 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 2.7 Expenditure Expenditure is recognised On￿ there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct Costs attributable to a single activity are allocated directly to that activity- Shared cost5 which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the actlvities which further the Group's objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. 2.8 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured liably by the Group., this is normally upon notification of the interest paid or payable by the instituts'on with whom the funds are deposited. 2.9 Tanglble flxod assets and depreclatlon Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition are included in the measurement of c05t. Page 30 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Icontinued) 2.9 Tanglble flxed assets and depreclation (continued) Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. Depreciation 15 provided on the following bases: Freehold property Over the remaining life of the property, assessed as 1 Ook per annum straight line Long-term leasehold propety: Over the remaining life of the leasehold Ridgmont Station improvenRnts property The 99 year lease for the Ridgmont Station building and 25 year lease for the car park land both commenced March 2009 Over the remaining life of the leasehold propety 10°/o or 40/0 per annum straight line 10°/o or 20°h per annum straight line 25°/0 per annum straight line 25°A or 33% per annum straight line Long-term leasehold property.. Other Short-term leasehold prope,,ty Motor vehicles Office equipment 2.10 Investments Investments in subsidiaries are valued at cost less provision for impairment. 2.11 Stock8 Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 2.12 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.13 Cash at bank and In hand Cash at bank and in hand include5 cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.14 Llabllities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the arnount of the settlement can be estimated reliably. Page 31 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policles (contlnued) 2.15 Flnanclal Instruments The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.16 Penslons The charity provides a Workpla￿ pensioh scheme, compliant with Auto*nrolment procedures. The charity also continues to contribute to the previous stakeholder pension scheme for those staff who are eligible for membership under the terms of their contracts of employment. Pension contributions are charged to the Statement of Financial Activities for the year in which they are payable. Income from donatlons and legacles Restricted Unrestricted funds funds 2024 2024 Total fund8 2024 Total funds 2023 Donations Transfer of cash assets from LUBYA Transfer of propety from LUBYA (at valuation) 32, 736 683,000 715, 736 (Xher donations 20,691 2,316 23,007 29, 124 20,691 2,316 23,007 744,860 Total 2023 26,620 718,240 744,860 Page 32 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Llmltod by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from charitable actlvltles Restrlcted Unrestrlcted funds funds 2024 2024 Total funds 2024 Total funds 2023 Income from charitable activities 2,097,184 67,766 2,164,950 2,388, 191 Total 2023 2,303, 123 85,068 2,388, 191 Income from other tradlng actlvltle8 Income from fundralslng event¥ Unre8trlcted funds 2024 Total funds 2024 Total funds 2023 Rent re￿iVed Sundry income 62,930 3,163 62,930 3,163 27,339 76 66,093 66,093 27,415 Income from non charltable trading activities Unrestrlcted funds 2024 Total funds 2024 Total funds 2023 Sales Rent receivable Other income 107,516 107,516 376, 732 6.250 2,667 107,516 107,516 385,649 Total 2023 385,649 385, 649 Page 33 BEDFORDSHIRE RURAL COMMUNITIES CHARITY IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Investment Income Unrestricted funds 2024 Total funds 2024 Total fvnds 2023 Bank interest 8,503 8,503 2.107 Tot812023 2,107 2,107 Expendlture on raising funds Other trading expenses Unrestricted funds 2024 Total funds 2024 Total funds 2023 Cost of sales Administration expenses Interest payable 48,042 4,666 698 48,042 4,666 698 221,739 8,380 930 53,406 53,406 231,049 Total 2023 231,049 23q,049 Page 34 BEDFORDSHIRE RURAL COMMUNITIES CHARITY IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Anatysls of expendlture on charitable actlvltles Summary by fund type Restrlcted Unrestricted funds funds 2024 2024 Total 2024 Tot81 2023 Charitable Activities 2,319,201 199,197 2,518,398 2,577,022 rotal 2023 2, 168,823 408, 199 2, 577,022 Analysi3 of expenditure by activities Activiti undertaken directly 2024 Support costs 2024 Total funds 2024 Tot81 funds 2023 Charitable Activities 2,110,368 408,030 2,518,398 2,577,022 Tot812023 2, 176,545 400,477 2,577,022 Page 35 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysls of expendlture by actlvltles (continued) Anatysls of direct costs Total funds 2024 Total funds 2023 Staff costs Room hire, meetings and conferences Publicity, publications and subscripts'ons Printing, postage, stationery and telephone Repairs and renewals Contractors fees Travel and susbistence Recruitment and other 5tsff costs Volunteerfs expenses Rent, rates and Servi￿ charges Legal and professional fees Grants paid Vehicle costs Lease costs 1.620,600 16,737 45,721 62,419 70,949 111,139 12,031 7,033 3,085 19.053 6,066 59,253 50,212 16,374 9,696 1,532,525 20, 745 32,210 60, 8Q6 67,220 123, 127 11,612 13,039 1,913 90, 454 6, 004 156, 923 44,524 15,443 Marketing costs 2,110,368 2, 176, 545 Page 36 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysi8 of expenditure by activities (continued) Analysis of support costs Total funds 2024 Total funds 2023 Staff costs Dep￿ciation VAT lost on partial exemption Premise5 costs Bank charges {Profitllloss on disposal of fixed assets Bad debts 246,939 37,851 13,270 92,742 2,180 13,4671 3.010 15.505 218,035 62,978 8, 664 80, 775 2,159 7,235 4, 138 16,493 Govemance costs 408,030 400,477 10. Audltors. remuneration 2024 2023 Fees payable to the charitable company's auditor for the audit of the charitable company's annual accounts Fees payable to the charitable company's auditor in respect of.. All non-audit services not included above 12,250 12,000 4,250 4,000 11. Staff costs Group 2024 Group 2023 Charity 2024 Chan'ty 2023 Wages and Salaries Social security costs Contribution to defined contribution pension schemes 1,693.706 136,872 1,586,031 132,141 1,693,706 136,872 1,586,031 132, 141 36,961 32,388 36,961 32,388 1.867.539 1, 750, 560 1,867.539 1, 750, 560 Page 37 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11. staff costs (contlnued) The average number of persons employed by the charitsble company during the year was as follows: Group 2024 No. Group 2023 No. Charity 2024 No. Charity 2023 No. Project staff Administration and govemance 80 91 91 83 94 83 94 The average headcount expressed as fvll-time equivalents was: Group 2024 No. 51 Group 2023 No. 52 Charity 2024 No. 52 Charity 2023 No. 52 Project staff Administration and govemance 55 55 55 The number of employees whose employee benefits (excluding employer pension Costs) exceeded £60,000 was.. Group 2024 No. Group 2023 No. In the band £60,001- £70,000 The key management personnel of the charity are the trustees (who all give their time voluntarily), the Chief Executive Officer and Senior Management Team. A total of £174,105 was paid to 3 members of staff for their roles as key management personnel (2023.. £158,877 was paid to 3 members of staffj. 12. Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2023- £NIL). During the year ended 31 March 2024, no Trustee expense5 have been incurred (2023 - £NIL). Page 38 N 171 j!j,' li ¥ 8EDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. Stock8 Group 2024 Group 2023 Goods for resale 40,320 42.017 16. Debtor8 Group 2024 Group 2023 Charlty 2024 Charity 2023 Due within one year Trade debtors Amounts owed by group undertakings other debtors Prepayments and accrued income 178,283 495,973 176,076 178,865 22,826 4,816 482,937 185,239 27,446 8, 762 22,826 4,816 27,446 8, 762 205,925 532, 181 382,583 704,384 17. Current asset Investments Group 2024 Group 2023 Charlty 2024 Chan'ty 2023 Bank deposit (over 90 days) 87,976 85, 999 87.976 85,999 Page 42 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18. Creditors: Amounts falling due within one year Group 2024 Group 2023 Charlty 2024 Charity 2023 Bank loans 9.600 33,169 40,054 62,518 114,269 9,600 28,582 64,877 14,075 180,261 Trade creditors other taxation and social security Other creditors Accruals and deferred income 32,717 40,037 60,803 112.269 28,090 63,384 14,075 177,261 259,610 297,395 245,826 282,810 The trading subsidiary received a Bounce Back Loan which is guaranteed by the UK government and repayable in instalments. Group 2024 Group 2023 Charlty 2024 Charity 2023 Deferred income at 1 April 2023 Resources deferred during the year Amounts released from previous periods 138,266 62,478 {138,2661 127, 144 138,266 138,266 62,478 (127, 144) (138,266) 127, 144 138,266 (127, 144) 62,478 138,266 62,478 138,266 The charity receives some funding which has performance related criteria and is recognised when the income ha5 been earned. Any income re￿iVed in advance of the performance related criteria being met is deferred at the reporting date. 19. Credltors: Amounts falllng due after more than one year Group 2024 Group 2023 Bank loans 12,704 22,228 The trading subsidiary received a Boun￿ Back Loan which is guaranteed by the UK governmenL repayable in instalments and is due for repayment within 5 years. Page 43 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 20. Statement of funds Statement of funds - current year Balance at 31 March 2024 Balance at 1 Aprll 2023 Transfers inlout Income Expendlture Unrestricted funds Designated fund8 Fixed Asset Reserve Contingency Fund Building and Vehicle Maintenance Fund 1,150,708 150.000 (37,851) 43,054 1.155,911 150.000 25,000 26,000 1,325,708 137,851) 43,054 1,330,911 General funds General Fund BRCC Trading Services Ltd VCSE funds (25,530) 1156.037) 9,501 140,412 107,516 4,266 (132.896) (53,406) (28,4501 150.368) 168,382) 158,019) 1159,946) 14,683 1172,066) 252,194 1214,752) 193,7041 1228,328) Total Unrestrlcted funds 1,153,642 252.194 (252.603) (50,650) 1,102,583 Page 44 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 20. Statement of funds (continued) Balance at 31 March 2024 Balance at 1 April 2023 Transfers inlout Income Expenditure Restrlcted funds Bedford Borough Agents & GNS Central Bedfordshire Agents & GNS Green Infrastructure 20,241 135,740 1170,122) 14.141 70,530 147,255 15,916 88,836 288,301 15.443 23,844 24,349 110,679 17,009 1,746 (126,949) (238,907 (16,6351 11,830) 112,932) (115.254) (35,689) (30,922) (67,473) (379,016) (101,906) 11,474) 114,141) 18,276 196,649 CBC Infrastructure Rural Housing Enabler Y2A {Youth 2 Adult) Community Rail Partnerships Warden Abbey Vineyard Ridgmont Station Dunstable Consortium Community Transport Timebank Community Connectors Mentsl Health Social Prescribing Primary Care Ne￿orkS Social Prescribing CBC Social Prescribing BBC GCLP Projects You Can Do It 114,724) 22,014 11,417 87.666 92,241 18,680 29,176 17,518 49,955 11,942 41,172 150,000 372,973 112,712 5,899 51,978 148,526 35,889 35,921 133,393 5,255 58.639 88,790 166,304 239,454 264.957 231,903 30 (140,7141 (254,2361 (284,564) (237,677) {42,104) (60,797) 61,479 21,139 113,267 1519) 519 16,565 51,588 23,595 957,139 2,117,875 (2,319,201) 50,650 806,463 Total of funds 2,110,781 2,370,069 12,571,804} 1,909.046 Page 45 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 20. Statement of funds (contlnued) Statement of funds - pr5or year Balance at 31 March 2023 Balance at l April 2022 Transfers in/out Income Expenditur8 Unre$trl¢ted funds Deslgnated fund¥ Fixed Asset Resep4e Contingency Fund Building and Vehicle Maintenance Fund 503,424 150, 000 171,413) 718,697 1, 150, 708 150, 000 25, 000 25,000 678, 424 (71,413) 718,697 1,325, 708 General funds General Fund BRCC Trading Seniices Ltrl LUBYA VCSE funds 127 (84, 602) 44,381 385, 649 770, 953 17,496 (269, 651) (231.048) (34, 141) (32,995) 199,613 (226, 036) (736,812) (25, 530) (156,037) 25, 000 9.501 (59,475) 1,218,479 {567, 835) (763,235) (172, 066) Total Unrestrlcted funds 618,949 1,218,479 (639,248) (44.538) q, 153,642 Page 46 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 20. Statsment of funds (contlnued) Balance at 31 March 2023 Balance at 1 Apnl 2022 Transfers in/out Income Expenditure Restrlcted fundg Bedford Borough Agents & GNS Central Bedfordshire Agents & GNS Green Infrastructure CBC Infrastructure Y2A (Youth 2 Adult) Community Rail Partnerships Warden Abbey Vineyard Dunstable Consortium Community Transport Timebank Community Connectors Mental Health Social Prescribing Primary Care NetrNorks Social Prescribing CBC Social Prescribing BBC GCLP Projects You Can Do It 96,967 (76, 726) 20,241 94,813 41,833 4,330 92,504 293, 469 32,885 18,483 101,762 2,813 56,250 316,721 111,969 150,000 (116, 787) (188,047) (21,299) (44, 907) (104,305) (26, 532) (25,962) (371,915) (92, 023) 70, 530 147,255 15,916 26,424 94, 784 92,241 23,719 19,667 67, 136 21,226 49,955 11,942 41,172 150,000 7,377 45,099 131,902 30,580 81,900 111,034 108,801 232, 624 248,342 219,947 211,687 34,519 (80,289) (239, 942) (244, 99 t) {243,412) (234, 923) (56, 763) 35, 889 35,921 133.393 5,255 58, 639 88, 790 (1,860) (1, 860) (t, 860) (25) 751,681 2,329, 743 {2, 168, 823) 44, 538 957, 139 Total of funds 1,370,630 3, 548,222 (2,808,071) 2,110,781 Page 47 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 20. Statement of funds {contlnued) Deslgnated Funds: Fixed Asset Reserve". This fund represents the total net book value of the Charity's Tangible Fixed Assets which comprise.. Freehold Property (transferred from Luton and Bedfordshire Youth Association), Leasehold Land & Buildings, Renovation at Ridgmont Station, Improvements made to the Cardington offi￿, Motor vehicles and Fixiures, fittings & equipment. Transfers to the fund represent the value of assets purchased or donated during the year and depreciation is Gharged as an expense of the fund. Contingency Reserve: This fund represents the Trustees, calculation of the likely costs that would be incurred in the event of having to wind up the Charity. It comprises staff redundancy payments and commitments on leases. Building & Vehicles maintenan￿ Reserve.. Thi5 fund has been designated to cover any extraordinary repairs and Maintenan￿ that may be reqUI￿d to the Cardington office and the Charity's vehicles. Restricted Funds: Bedford Borough Agents & Good Neighbours Scheme (fomierly Care in Bedford Borough).. This fund was established in April 2009, following the formation of the two new Unitary Authorities in the county. Funding from the Borough Council (Adult Services) has been received to continue support for the Carers Short Break Bureau,. the Good Neighbours Schemes and the Village Agents "Just Ask" initiative. Income and costs associated with the services provided have been charged to the project with £10,000 of unrestricted funding being allocated towards the cost of providing these services. Central Bedfordshire Agents & Good Neighbours Scheme (formerly Care in Central Bedfordshire): The charity provides care for adults in Central Bedfordshire through the Village Care Scheme. Green Infrastructure.. This fund comprises several funding streams that are ring fenced for the provision of seNices and the purchase of capital items andlor payments to contractors in respect of the various environmental sites that are managed by the Beds RCC'S Green Infrastructure Team. Costs are charged to the fund as and when the various projects are delivered, in partnership with local authorities. CBC Infrastructure Grant.. In 202112022, the charity was awarded funding to deliver and provide support for the VCS in Central Bedfordshire. This funding awarded jointly to Beds RCC and CVS Bedfordshire was an agreement for a 3-year period to 2023124. A further 3-year agreement has been agreed from 1 st April 2024. Rural Housing Enabler.. In 2023124 the charity secured funding from Defra (administered by ACRE) to expand its Rural Housing Serwice. The funding, secured to March 2025, was awarded to appoint a Rural Housing Enabler and set up the Bedfordshire Rural Housing Partnership., with the aim of increasing the provision of affordable rural housing. Delays in recruitment have limited the work undertaken in 2023124. Y2A (Youth 2 Adult).. In 2023124 the charity secured funding from BLCF'S Mental Health Collaboration Fund to run a 12 month youth engagement programme. Delays in the funder agreeing the service specification led to the late recruitment of a Children & Young People's Worker, resulting in the delivery of the project being extended into 2024125. Page 48 BEDFORDSHIRE RURAL COMMUNITIES CHARITY (A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 20. Statement of funds (contlnued) Community Rail Partnership5 Marston Vale Community Rail Partnership (MVCRP).. Beds RCC employs the MVCRP Officer, which is funded primarily through a Service Level Agreement with London Midland Trains, West Midlands Trains Ltd and Milton Keynes Borough Councils. MVCRP seeks to publicise and promote increased usage of the Marston Vale Community Rail Line. Beds and Herts CRP (formerly 8edford to St Albans CRP).. BRCC continues to receive funding from Greater Thameslink Railway to employ a community rail officer on the Bedford to St Albans Line. Warden Abbey Vineyard.. The charity continued to receive grant income and donations to assist with the costs of managing the Warden Abbey Vineyard, which provides opportunities for volunteering. The vineyard management costs have been charged to the restricted fund and a transfer of £18,680 {2023 £26,424) has been made from general funds to support the project. Ridgmont Station.. The charity completed the refurbishment of Ridgmont Station in 2014 and continues to receive specific donations for the ongoing development of the facility- The restricted funding, together with a transfer of £29,176 {2023 £23,719) from unrestricted funds, is used to cover the Maintenance and upkeep of the stats'on building. Dunstable Consortium.. In 2021122 the charity received a grant from Historic England as part of the High Streets Heritage Action Zones ("HS HAZ") Programme, a nationwide initiative designed to secure lasting improvements to historic high streets for the communities who use them.. Community Transport.. The charity took over the assets and activlties of North Bedfordshire Cornmunity Transport on 1 April 2013 and now provides community transport sep4ices under the Door to Door and Greensand Community Transport agreements, and to individuals with special needs. Timebank.. In 2021122 the charity took over the Timebank activities from Community Action Bedfordshire (CAB). Funds have been provided to encourage and support the development of new Timebanks, across Central Bedfordshire, where people can help their neighbours and those within their community by sharing their time, interests and skills. Community Connectors.. Funding of £150,000 was received in February 2023- this was to fund community connectors in Bedford Borough and in Central Bedfordshire. The project had a delayed start with little expenditure in 23124. The funds will be spent in the new financial year. Prinary Care Networks and Social Prescribing.. BRCC has been commissioned by Central Bedfordshire Council and Bedford Borough Council to provide Social Prescribing ServI￿S to Primary Care Ne￿orkS and GP surgeries across Bedfordshire. The programme supports patients with social, emotional or practical needs by finding non