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← Rural Community Council (Leicestershire And Rutland)

2025-03-31-accounts

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REGISTERED COMPANY NUMBER: 03665974 (England and Wales) REGISTERED CHARITY NUMBER: 1077645

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

Mark J Rees LLP Chartered Accountants and Statutory Auditors Granville Hall Granville Road Leicester LE1 7RU

RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

----- Start of picture text -----
Page
Report of the Trustees 1 to 9
Report of the Independent Auditors 10 to 13
Statement of Financial Activities 14
Balance Sheet 15
Cash Flow Statement 16
Notes to the Cash Flow Statement 17
Notes to the Financial Statements 18 to 28
Detailed Statement of Financial Activities 29 to 30
----- End of picture text -----

RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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 2019).

OBJECTIVES AND ACTIVITIES

Objectives and Aims

The Charitable Objects of the Rural Community Council (Leicestershire & Rutland) (RCC) are to further any charitable purpose or purposes for the benefit of those who are resident or work in the rural areas and communities of Leicestershire and Rutland.

More specifically the RCC's mission is to ensure that all those who work and live in rural communities in Leicestershire and Rutland are provided with access to a range of opportunities, services, and facilities, which are sustainable and inclusive to all and are empowered to influence and manage their future.

The trustees believe that all the activities undertaken by the charity are for the public benefit, and as part of their role as trustees for the organisation ensure that future and proposed activities fit with the purposes of the charity, and that the charitable activities remain relevant to beneficiaries.

The trustees can confirm that they have had regard for the Charity Commission Public Benefit guides as below: - The Public Benefit Requirement (PB1)

Key elements of the RCC's work designed to meet the charitable activity outlined above can be summarised as:

Community Wellbeing

Rural Economy

Facilities and Services

Community Engagement and Voluntary Sector Support

Representation

Social Investment

Social investment does not form a material part of the charitable and investment activities of the RCC.

Page 1

RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

OBJECTIVES AND ACTIVITIES

Grant Making

The RCC does not make grants from its own funds or reserves, rather grant programmes are delivered on behalf of partners, including local authorities.

Where this is the case, policy on grants, including eligibility, application processes and transparency are agreed on a by case-by-case basis with the funder.

Where grant funds are held by the RCC on behalf of local authorities or other funders, they are held as restricted funds and detailed as such in the annual accounts.

Volunteers

The RCC does not routinely use volunteers in the day-to-day operations of the charity, however a full policy for volunteer recruitment, management and wellbeing is in place.

STATEMENT OF DISCLOSURE TO AUDITORS

As far as the trustees are aware there is no relevant audit information of which the charitable companies' auditors are unaware. Additionally, the trustees have taken all the necessary steps that they ought to have taken as trustees in order to make themselves aware of all relevant audit information and to establish that the charitable companies' auditors are aware of that information.

Page 2

RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

ACHIEVEMENT AND PERFORMANCE

Achievement and Performance

- Little Cup of Joy

The RCC continued to deliver this NHS funded project aimed at reducing loneliness and isolation through the mobile provision of a barista style coffee van. The project delivered sessions across rural communities in both Leicestershire and Rutland.

- Warm, Optimistic and Well (WOW)

Delivery of the third year of this project which supports individuals with issues relating to fuel poverty, access to warm spaces and basic skills in relation fuel budgeting and usage.

- Leicestershire Rural Partnership

Contribute to the understanding of rural community needs and action on the LRP board led by Leicestershire County Council.

- Halls Together

Support, guidance and training provided to the estimated three hundred village halls and community buildings across Leicestershire and Rutland. In depth enquires numbered over two hundred and fifty during the year. Bespoke training courses delivered to over two hundred delegates. The project also provides information and support to village halls in Warwickshire and Solihull.

- Hinckley and Bosworth VCS Support

Delivery of Voluntary Sector and Volunteer support services in Hinckley and Bosworth.

- Hinckley and Bosworth Grants

Distributed grants in excess of £70,000 to rural community projects across the Borough.

- Community Woodlands in National Forest

Working with the National Forest Company and utilising National Lottery funding to engage with rural communities to develop small woodland area in villages.

- Harborough Community Development

Engaging with communities in the Harborough District regarding community expansion, use of development contributions and the provision of community facilities.

- Hinckley and Bosworth Mobile Hub

Working in partnership with the local authority to take their statutory and non-statutory services out into rural communities.

- Harborough Helping Improve Rural Employability (HIRE)

Using Shared Prosperity Fund monies to engage with those furthest from the employment market to increase skills and opportunities for employment in the Harborough District.

- Oadby and Wigston Helping Improve Rural Employability (HIRE)

Using Shared Prosperity Fund monies to engage with those furthest from the employment market to increase skills and opportunities for employment in the borough of Oadby and Wigston.

- Northwest Leicestershire Helping Improve Rural Employability (HIRE)

Using Shared Prosperity Fund monies to engage with those furthest from the employment market to increase skills and opportunities for employment in the district of Northwest Leicestershire.

Page 3

RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Achievement and Performance - Continued

- Hinckley and Bosworth Helping Improve Rural Employability (HIRE)

Using Shared Prosperity Fund monies to engage with those furthest from the employment market to increase skills and opportunities for employment in the borough of Hinckley and Bosworth.

- Multiply

Partnering with Leicestershire County Council to delivery basic numeracy and maths skills to rural residents in the borough of Melton.

- Changing Connections

Providing support to individuals in Melton Borough and Rutland allowing them to review, change and improve their social connections.

- Earl Shilton Neighbourhood Mental Health Café

Provides a regular safe space for individuals to attend in order to discuss and receive support for mental health issues.

- Syston Neighbourhood Mental Health Café

Provides a regular safe space for individuals to attend in order to discuss and receive support for mental health issues.

- Rural Housing Enablement

DEFRA funded project which is subcontracted to a registered social housing provider. Delivering solutions to tackle the shortage of affordable rural homes across Leicestershire & Rutland.

Fundraising activities

Individual projects undertaken by the RCC will have a set of output and outcome targets associated to them. Measurement and reporting of achievements vary depending on the requirements of the funder. However, the RCC will only undertake projects whose outcomes and outputs fit well with the overall objectives of the charity.

Reporting to funders and trustees show that all projects met or exceeded set targets, thus meeting the objectives of the charity.

The RCC does not set an objective for public fundraising. Projects are planned and funded on a full cost recovery basis wherever possible to ensure that the sustainability of the charity is protected.

Low value donations are received in relation to the Little Cup of Joy project, which are used to further the activity in this area.

Investment Performance

The RCC continues to hold a Charities Ethical Investment portfolio with Church, Charities and Local Authorities Investment Management Ltd (CCLA) during this year. The value of investment has decreased during the year, which in the opinion of the trustees is consistent with the performance other funds of similar risk rating and growth potential in the general market. The initial investment was made with the aim of gaining accumulated growth over the mid to long term, with a medium risk level.

Holdings in the Cirican Limited Liability Partnership are valued at the original investment price of £3,000.

FINANCIAL REVIEW

Financial Position

The trustees consider the charity remains in a strong financial position and is able to continue to deliver its charitable objectives.

Page 4

RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

FINANCIAL REVIEW

Principal Funding Sources

Income into the charity was broadly split between grants and contract or commissioned work, all of which the trustees believe was charitable in nature.

Grant funding was received from the following bodies and organisations.

The total value of funding from these sources is £254,216. Funded projects have varying end or renewal dates which are monitored by the trustees.

Total income received from these sources was £519,267.

Investment Policy and Objectives

The trustees have adopted a low to medium attitude to risk and have elected to invest an element of reserves in an ethical and balanced portfolio offered by CCLA. Other reserves are held in instant access, notice and fixed term accounts which provide a sufficient level of liquidity for the operation of the charitable company.

Page 5

RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

FINANCIAL REVIEW

Reserves Policy

The RCC has decided that a minimum level of unrestricted reserve funds should be set to counterbalance trading uncertainty and produce a base level for stability. Additionally, a target level of unrestricted funds will also be set to allow for growth and for the RCC to take advantage of strategic development opportunities going forward. Holding unrestricted but designated reserves will also allow the RCC to make cash and market investments in order to generated revenue income to cover day to day operational expenses. Based on the operating budget set for 2025/26 the level of unrestricted funds was set as below.

Minimum Level

Target Level

Operating costs being defined as payroll costs plus direct purchases. Redundancy costs being the statutory level for all staff employed.

Designated funds are excluded from reserves as per the Charities Commission definition. The trustees have designated the following funds.

Going Concern

The trustees consider the charity remains in a strong financial position and is able to continue to deliver its charitable aims whilst remaining a going concern.

Funds in Deficit

The trustees do not consider any funds to be materially in deficit.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The Rural Community Council (Leicestershire and Rutland) is a company limited by guarantee and a registered charity.

The charitable company is governed by its Memorandum and Article of Association which sets out the objects and powers of the charitable company.

Recruitment and Appointment of New Trustees / Directors

Trustees joining the RCC receive a full induction into the governance and operational activities of the charity. Policies and procedures are adopted across the business, so trustees receive the same information as the Executive and staff teams.

Page 6

RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational Structure

The charitable company is governed by a Trustee Board which can accommodate between three and eleven trustees. The Board selects a chair and vice chair for each annual term at the AGM. Three trustees are selected to serve on each of the sub committees, namely the Audit Committee and the Remuneration and Nominations Committee.

A maximum of eleven trustees is allowed as below:

One representing Leicestershire County Council. One representing Rutland County Council. Up to nine elected from the membership.

Co-options are permitted up to the maximum of eleven trustees in total.

The trustees are also the non-executive directors who have overall control of the charity. Operational matters are delegated to the Executive Directors, of which there are two.

The RCC is a member of Action for Communities in Rural England (ACRE).

Induction and Training of New Trustees / Directors

Policies and procedures adopted for the induction and training of trustees:

Risk Management

A risk register is maintained and annually reviewed to minimise any risks to the charity assets.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03665974 (England and Wales)

Registered Charity number

1077645

Registered office

The Atkins Lower Bond Street Hinckley Leicestershire LE10 1QU

Page 7

RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Trustees

Mrs P Crane Mr P H Durban Mr J H Flower Mrs H J Fryer Mrs J Martin Mr A D Mortimer Mr M J D Traynor OBE Ms P Posnett (resigned 7.5.2025) Ms L Stephenson Mrs M Wright (appointed 28.4.2025) Mrs T Steward (appointed 28.4.2025)

Jennifer Lady Gretton DCVO JP is the President of the charity.

The trustees delegate the day-to-day management of the charitable company to two employed Directors (distinct from the Directors of the charitable company).

Mr K Butcher and Mr S Howlett are Executive Directors of the charitable company.

Company Secretary

Mr K Butcher

Auditors

Mark J Rees LLP Chartered Accountants and Statutory Auditors Granville Hall Granville Road Leicester LE1 7RU

Page 8

RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Rural Community Council (Leicestershire & Rutland) for the purposes of company law) are responsible for preparing the Report of the trustees 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 year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

As far as the trustees are aware:

AUDITORS

The auditors, Mark J Rees LLP Chartered Accountants, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ Mr M J D Traynor OBE - Trustee

Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

Opinion

We have audited the financial statements of Rural Community Council (Leicestershire & Rutland) (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 10

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 11

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities outlined above, to detect material misstatements in respect of irregularities, including fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with ISA's (UK).

We obtained an understanding of the legal and regulatory frameworks applicable to the charity and industry in which it operates through our general commercial experience. We determined that the following laws and regulations were most significant: FRS 102, Companies Act 2006 and Charities SORP (FRS 102).

We enquired of management concerning the charities policies and procedures relating to:

We enquired of management, whether they were aware of any instances of non-compliance with laws and regulations or whether they had any knowledge of actual, suspected or alleged fraud.

We communicated relevant laws and regulations and potential areas of fraud to all audit team members. We remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

We have determined that the principal risk areas where material irregularities could occur were related to posting manual journal entries to manipulate financial performance, income recognition and significant one-off or unusual transactions. We have identified that no manual journal entries were posted by management in the year and therefore no further work deemed necessary on this risk area.

Our audit procedures were designed to respond in particular to these identified risks (including non compliance with laws and regulations and fraud).

Our audit procedures included but were not limited to:

We did not identify any matters during the course of our work that indicated non-compliance with laws and regulations or relating to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 12

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr P Bott FCA (Senior Statutory Auditor) for and on behalf of Mark J Rees LLP Chartered Accountants and Statutory Auditors Granville Hall Granville Road Leicester LE1 7RU

Date: .............................................

Page 13

RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
257,398
Other trading activities
4
449,267
Investment income
5
25,479
Total
732,144
EXPENDITURE ON
Charitable activities
6
Grants
-
Other
718,165
Total
718,165
Net gains/(losses) on investments
(2,817)
NET INCOME
11,162
RECONCILIATION OF FUNDS
Total funds brought forward
822,475
TOTAL FUNDS CARRIED FORWARD
833,637		 Restricted
funds
£
-
70,000
8
70,008
67,433
-
67,433
-
2,575
5
2,580		 2025
Total
funds
as
£
257,398
519,267
25,487
802,152
67,433
718,165
785,598
(2,817)
13,737
822,480
836,217		 2024
Total
funds
restated
£
190,404
353,987
19,559
563,950
81,685
491,211
572,896
22,183
13,237
809,243
822,480

The notes form part of these financial statements

Page 14

RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

BALANCE SHEET 31 MARCH 2025

Notes
FIXED ASSETS
Tangible assets
14
Investments
15
CURRENT ASSETS
Debtors
16
Investments
17
Cash at bank
CREDITORS
Amounts falling due within one year
18
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
20
Unrestricted funds:
General fund
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
5,506
276,389
281,895
6,640
397,021
257,074
660,735
(108,993)
551,742
833,637
833,637		 Restricted
funds
£
-
-
-
-
-
2,580
2,580
-
2,580
2,580
2,580		 2025
Total
funds
£
5,506
276,389
281,895
6,640
397,021
259,654
663,315
(108,993)
554,322
836,217
836,217
833,637
2,580
836,217		 2024
Total
funds
as restated
£
11,172
502,372
513,544
16,761
175,579
208,495
400,835
(91,899)
308,936
822,480
822,480
822,475
5
822,480

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Mr J H Flower - Trustee

The notes form part of these financial statements

Page 15

RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Movement in deposit investments
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2025
a
£
24,529
24,529
(581)
1,724
25,487
26,630
51,159
208,495
259,654		 2024
s restated
£
(50,538)
(50,538)
(15,013)
46,499
19,559
51,045
507
207,988
208,495

The notes form part of these financial statements

Page 16

RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

1.
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2025
2024
as restated
£
£
Net income for the reporting period (as per the Statement of Financial
Activities)
13,737
13,237
Adjustments for:
Depreciation charges
6,248
6,360
Losses/(gain) on investments
2,817
(22,183)
Interest received
(25,487)
(19,559)
Decrease/(increase) in debtors
10,120
(5,819)
Increase/(decrease) in creditors
17,094
(22,574)		 1.
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2025
2024
as restated
£
£
Net income for the reporting period (as per the Statement of Financial
Activities)
13,737
13,237
Adjustments for:
Depreciation charges
6,248
6,360
Losses/(gain) on investments
2,817
(22,183)
Interest received
(25,487)
(19,559)
Decrease/(increase) in debtors
10,120
(5,819)
Increase/(decrease) in creditors
17,094
(22,574)		 1.
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2025
2024
as restated
£
£
Net income for the reporting period (as per the Statement of Financial
Activities)
13,737
13,237
Adjustments for:
Depreciation charges
6,248
6,360
Losses/(gain) on investments
2,817
(22,183)
Interest received
(25,487)
(19,559)
Decrease/(increase) in debtors
10,120
(5,819)
Increase/(decrease) in creditors
17,094
(22,574)
Net cash provided by/(used in) operations 24,529 (50,538)
2.
ANALYSIS OF CHANGES IN NET FUNDS
Net cash
Cash at bank		 At 1.4.24
Cash flow
£
£
208,495
51,159		 At 31.3.25
£
259,654
208,495
51,159		 259,654
Liquid resources
Deposits included in cash
Current asset investments		 -
-
175,579
221,442		 -
397,021
175,579
221,442		 397,021
Total 384,074
272,601		 656,675

The notes form part of these financial statements

Page 17

RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. PRESENTATION CURRENCY

The presentation currency of the financial statements is the Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Governance costs

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fee.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

----- Start of picture text -----
||| |---|---| |Fixtures and fittings|- 33% on cost| |Motor vehicles|- 33% on cost| |Computer equipment|- 33% on cost|

----- End of picture text -----

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 18

RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Operating leases

Rental under operating leases is credited to income on an accruals basis and rental expenditure under operating leases are charged to the Statement of Financial Activities on the accruals basis.

Grants Payable

Grants payable are accounted for on the accruals basis when the grant has been approved by the Trustees.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Going Concern

The trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. The charitable company therefore continues to adopt the going concern basis in preparing its financial statements.

3. DONATIONS AND LEGACIES

Membership and donations
Grants		 2025
a
£
3,182
254,216
257,398		 2024
s restated
£
11,200
179,204
190,404

continued...

Page 19

RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

3. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

Leicestershire County Council
DEFRA/ACRE
Leicestershire NHS
Voluntary Action Leicester
VISTA - Will project
National Lottery Community Fund
National Forest
Rutland CAB
4.
OTHER TRADING ACTIVITIES
Services and project work
5.
INVESTMENT INCOME
Deposit account interest
6.
CHARITABLE ACTIVITIES COSTS
Grants		 2025
2024
as restated
£
£
35,320
34,725
95,980
47,215
-
46,925
29,954
-
-
5,859
61,394
-
23,168
35,480
8,400
9,000
254,216
179,204
2025
2024
as restated
£
£
519,267
353,987
2025
2024
as restated
£
£
25,487
19,559
Grant
funding of
activities
(see note
7)
£
67,433

continued...

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RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

----- Start of picture text -----
7. GRANTS PAYABLE
£
Community Volunteer Fund 11,151
Make A Difference 56,282
67,433
8. SUPPORT COSTS
Support Governance
costs costs Totals
£ £ £
Other resources expended 711,981 6,184 718,165
Support costs, included in the above, are as follows:
2025 2024
as restated
Other
resources Total
expended activities
£ £
Wages 513,975 372,831
Social security 39,019 24,732
Pensions 25,890 18,690
Service delivery costs 20,172 9,617
Vehicle expenses 4,894 4,438
Rates and water 5,186 4,993
Insurance 5,880 6,343
Rent and service charge 9,984 9,984
Computer costs 8,025 7,363
Postage and stationery 2,622 1,332
Sundries 1,150 1,324
Professional fees 41,499 7,723
Travel and subsistence 14,460 9,668
-
Equipment purchases 5,027
Irrecoverable VAT 7,950 -
Depreciation of tangible fixed assets 6,248 6,360
Auditors' remuneration 6,184 5,813
718,165 491,211
----- End of picture text -----

continued...

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RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |as restated| |£|£| |Auditors' remuneration|6,184|5,813| |Depreciation - owned assets|6,248|6,361| |Hire of plant and machinery|20,172|9,617| |Other operating leases|4,894|4,438|

----- End of picture text -----

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no Trustee's remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no Trustee's expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

11. STAFF COSTS

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |as restated| |£|£| |Wages and salaries|513,975|372,831| |Social security costs|39,019|24,732| |Other pension costs|25,890|18,690| |578,884|416,253|

----- End of picture text -----

Total remuneration in relation to Key Management Personnel, included within the figures above, amounts to £115,157 (2024: £88,654).

The average monthly number of employees during the year was as follows:

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |as restated| |Average number of employees|19|16|

----- End of picture text -----

No employees received emoluments in excess of £60,000.

The charitable company operates a pension scheme for the benefit of employees. The assets of the scheme are held separately from those of the company within independently administered funds. Contributions are charged to the Statement of Financial Activity in the period to which they relate. The charge for the year was £25,890 (2024: £18,690).

continued...

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RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 31 MARCH 2024
Unrestricted
Restricted
Total
funds
funds
funds
as restated
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
190,404
-
190,404
Other trading activities
275,987
78,000
353,987
Investment income
19,554
5
19,559		 12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 31 MARCH 2024
Unrestricted
Restricted
Total
funds
funds
funds
as restated
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
190,404
-
190,404
Other trading activities
275,987
78,000
353,987
Investment income
19,554
5
19,559
Total 485,945
78,005
563,950
EXPENDITURE ON
Charitable activities
Grants
Other		 651
81,034
81,685
491,211
-
491,211
Total 491,862
81,034
572,896
Net gains on investments 22,183
-
22,183
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward		 16,266
(3,029)
13,237
806,209
3,034
809,243
TOTAL FUNDS CARRIED FORWARD 822,475
5
822,480

13. PRIOR YEAR ADJUSTMENT

During the year, the charity identified a misclassification in the prior year’s balance sheet where £175,579 was incorrectly recorded under cash at bank instead of current asset investments and £306,166 under cash at bank instead of fixed asset investments. The comparative figures have been restated to reflect this reclassification. The adjustment had no impact on total funds or net assets.

continued...

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RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

14.
TANGIBLE FIXED ASSETS
COST
At 1 April 2024
Additions
Disposals
At 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for year
Eliminated on disposal
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
15.
FIXED ASSET INVESTMENTS
Shares
Other
Additional information as follows:
MARKET VALUE
At 1 April 2024
Revaluations
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024		 Fixtures
and
Motor
Computer
fittings
vehicles
equipment
£
£
£
12,465
28,290
12,803
-
-
582
(1,283)
-
(4,542)
11,182
28,290
8,843
12,349
19,627
10,410
116
4,331
1,801
(1,283)
-
(4,542)
11,182
23,958
7,669
-
4,332
1,174
116
8,663
2,393
2025
a
£
191,389
85,000
276,389
Listed
Unlisted
investments
investments
£
£
191,206
3,000
(2,817)
-
188,389
3,000
188,389
3,000
191,206
3,000		 Totals
£
53,558
582
(5,825)
48,315
42,386
6,248
(5,825)
42,809
5,506
11,172
2024
s restated
£
194,206
308,166
502,372
Totals
£
194,206
(2,817)
191,389
191,389
194,206

There were no investment assets outside the UK.

continued...

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RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

15. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2025 is represented by:

Listed
Unlisted
investments
investments
£
£
Valuation in 2025
188,389
-
Cost
-
3,000
188,389
3,000
Investments (neither listed nor unlisted) were as follows:
2025
a
£
Bank deposits
85,000		 Totals
£
188,389
3,000
191,389
2024
s restated
£
308,166

Other investments consists of fixed term deposit accounts with high street banks and building societies which mature in more than a year.

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors
Prepayments and accrued income		 2025
2024
as restated
£
£
-
11,163
1,948
1,903
4,692
3,695
6,640
16,761
CURRENT ASSET INVESTMENTS
Bank deposits		 2025
2024
as restated
£
£
397,021
175,579

17. CURRENT ASSET INVESTMENTS

Current asset investments consists of fixed term deposit accounts with high street banks and building societies which mature in less than a year.

continued...

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RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
VAT
Other creditors
Accruals and deferred income		 2025
a
£
12,455
12,883
-
83,655
108,993		 2024
s restated
£
496
4,611
91
86,701
91,899

19. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years		 2025
as
£
6,344
17,446
23,790		 2024
restated
£
6,344
23,790
30,134

Lease payments of £6,344 (2024: £6,344) were recognised as an expense during the year.

20. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
HBBC VCS Commissioning Fund
TOTAL FUNDS		 At 1.4.24
£
822,475
5
822,480		 Net
movement
in funds
£
11,162
2,575
13,737		 At
31.3.25
£
833,637
2,580
836,217

continued...

Page 26

RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

20. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
HBBC VCS Commissioning Fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
HBBC VCS Commissioning Fund
TOTAL FUNDS		 Incoming
resources
£
732,144
70,008
802,152		 Resources
expended
£
(718,165)
(67,433)
(785,598)
At 1.4.23
£
806,209
3,034
809,243		 Gains and
Movement
losses
in funds
£
£
(2,817)
11,162
-
2,575
(2,817)
13,737
Net
movement
At
in funds
31.3.24
£
£
16,266
822,475
(3,029)
5
13,237
822,480

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
HBBC VCS Commissioning Fund
TOTAL FUNDS		 Incoming
resources
£
485,945
78,005
563,950		 Resources
expended
£
(491,862)
(81,034)
(572,896)		 Gains and
Movement
losses
in funds
£
£
22,183
16,266
-
(3,029)
22,183
13,237

continued...

Page 27

RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

20. MOVEMENT IN FUNDS - continued

Restricted Funds

HBBC VCS Commissioning

Hinckley and Bosworth Borough Council (HBBC) commission the RCC to administer and distribute grants and commissioning monies to the Voluntary and Community Sector (VCS) across the Borough. This currently involves administration of a number of small grant schemes, namely, Making a Difference (MAD), Community Volunteer Fund (CVF), Warm Spaces Grant (WSG) and Coronation Grant (CG) The RCC market and promote the grants, undertake all administration of the applications, and make payments direct to beneficiaries. Decisions regarding grants are made by a grants panel, chaired by an elected member of HBBC and consisting of members of the VCS, including the RCC.

21. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

Page 28

RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS
Donations and legacies
Membership and donations
3,182
-
Grants
254,216
-
257,398
-
Other trading activities
Services and project work
449,267
70,000
Investment income
Deposit account interest
25,479
8
Total incoming resources
732,144
70,008
EXPENDITURE
Charitable activities
Grants to institutions
-
67,433
Support costs
Support costs
Wages
513,975
-
Social security
39,019
-
Pensions
25,890
-
Service delivery costs
20,172
-
Vehicle expenses
4,894
-
Rates and water
5,186
-
Insurance
5,880
-
Rent and service charge
9,984
-
Computer costs
8,025
-
Postage and stationery
2,622
-
Sundries
1,150
-
Professional fees
41,499
-
Travel and subsistence
14,460
-
Equipment purchases
5,027
-
Irrecoverable VAT
7,950
-
Depreciation of tangible fixed assets
6,248
-
711,981
-		 2025
Total
funds
a
£
3,182
254,216
257,398
519,267
25,487
802,152
67,433
513,975
39,019
25,890
20,172
4,894
5,186
5,880
9,984
8,025
2,622
1,150
41,499
14,460
5,027
7,950
6,248
711,981		 2024
Total
funds
s restated
£
11,200
179,204
190,404
353,987
19,559
563,950
81,685
372,831
24,732
18,690
9,617
4,438
4,993
6,343
9,984
7,363
1,332
1,324
7,723
9,668
-
-
6,360
485,398

This page does not form part of the statutory financial statements

Page 29

RURAL COMMUNITY COUNCIL (LEICESTERSHIRE & RUTLAND)

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
£
£
Support costs
Governance costs
Auditors' remuneration
6,184
-
Total resources expended
718,165
67,433
Net (expenditure)/income before gains and
losses
13,979
2,575
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments
(2,817)
-
Net income
11,162
2,575		 2025
Total
funds
a
£
6,184
785,598
16,554
(2,817)
13,737		 2024
Total
funds
s restated
£
5,813
572,896
(8,946)
22,183
13,237

This page does not form part of the statutory financial statements

Page 30