REGISTERED COMPANY NUMBER: 03930819 (England and Waleg) REGISTERED CHARItY NUMBER: 1081017 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR WARWICKSHIRE RURAL COMMUNITY COUNCIL Cooper Adams Ltd Chartered Ac£ountants and Statutory Auditors 12 Payton Street Stratford un Avon vlarwish1le CV37 6UA
WARMCKSHIRE RURAL COMMUNITY COUNCIL CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2024 Report of the Trugt888 1 to 5 Report of tha Indepondont Audltorn 6 kn 8 Statement of Flnanclal Acllvlllg* 8latsm•nt ol Flnan¢lal Po•lllon 10 Slatsm•nt of Cash Flows 11 Nots8 to the Slatement of Cash FI(• 12 Nots8 to tho Flnanclal Slatom•nl• 13 to 18 Dgtslled Stat•m•nt of Flnanclal ActMtI•s 19
WARWICKSHIRE RURAL COMMUNrrf COUNCIL REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 The Direciors. vtho are also trleeS of Ihe dw, present tsr annual report and the financial statements for the year ended 31 Marth 2024. The trustees have adopt1 Ihe wovisions of Ihe Statement of Recommended Practice (SORP) 'A(Z(nting and Reporting ty ChilleS in preparing the annual report and financAal statements of the ¢arity. OBJECTIVES AND ACTMTIES Charlty obiectives The objedive of the Company to eno)urdge those fNing in wral waIckShire to develop their t)Jmmunities. retsin and inprove Nt(xs and. Ihrough seff-Plp. Strength the sooal stru¢Jre of villages and small towrts. Policles adopted to achleve obpcoves Warwcshire Rural Community Counol (an give thice, i)f0m &Lylitate small grants to Inltiate proie(#s and, through ts netwo statutory and knnlary bXrS 15 able to wt inrfividuals and groups with partruiar thallenges in touch with one anolher. Objectives and aims for the publlc benefft The trustees nfirM that they have referred to Ihe ldan contained Tn the Charity Commission's Geral Guidano on Publ eenefft vh*n reviewing the Charitys aims and obie(ai¥e$ and in annIng fuiure activitses.
WARWICKSHIRE RURAL COMMUNITY COUNaL REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 STRATEGIC REPORT Achlevement and perforniance Revlew Follo[a the dosure of the Wapthd(shlre nlS4)n¥t]e8ls service in May 2023. WRCC trustees deeided to start a new, not-for-wofft serwro in Ihe •J)unty. requiring the invesknent of £80.000 of tharitable reseNes. The new Community Fotxl Fleet stsrted to LWW8te yi Augjst 2023. defveriThJ meals to customer8 ac%oss 1AÈThvk$hi[e up to 365 days a yeaf. To set up as qUIty as posslble, WRCC took ow the lease of an rthistrral unit tn WaThvid( used by the obj SeN1 as it induded a large o)Id store. Ififiicc was also able to offer ernOYMe to the origlnal staff. IMICC leased a small Iket of to deliver the m8al8 •KI frM)d defvwi8S Started on the 15th of August DeTr wlll enter customerfs hom88 ple up lo1 whwe rowsary. Staff will perfrym a sats & wall and feed tock any ncernS to T1 of kin. A subsLqntial proportion of customers five (Artside the area and are purcha&ng meats for thdr parent($). The Sery1 alkwis their relatives to (y)ntinuo to fNe Independtty whist providing reassurance that SOmne is crck1rvj on thetr parent(s) on a daily basis. The serylce started approxlmatety 70 t%stomers. Ixrt thls ha8 •iueased 8teadlly. Trustees are conffid8nt that the proied will become sdf-sustaining by 2026. In 2023, Ihe Rural Houslng Enablhg seNice Cèlebrat ts 20th anThversary. ¢c heFd an event In 8rall8s to mark the occaston - 8rales was the sile ot the first development of affordable housing r&8ulting from the proiefa. The RHE 8er¥I woths Imlhin rural o)mmunitle8 lo Identify housing need. usualty ty Issuing a sumy form for households to o)mpiete. Over 230 housiNJ needs suryeys have tsken place since the start of the projeci. Rural Housing Enablers wlll then withln o)mmunltles to Mlenlfy sultstye land and wlll consult btyith the communlty lo ensure thelr preferenos are cx)nsidered. Finalty, the RHE wrll collaborate with partner Housing Assoclallons to thvelop a planning applic2tlon, hopefully leadirKd to a (v8lopment of muth needed affordable housing for locxl people. Over 250 affordable Iw)mes hm been doved through thiB Process for Nral communitie8 In WaTh¥ithshire. IMICC continued to operate ts oil bjw'ng syrKlicate for cwer 800 residents of Warwid(shire a Solihull. During the year, membern placed 1237 orders lotalling le[ ¥27.000 iitres of ken>sene. The 8cheme enabled members to save over £56.IMI against average s. Durfng 2023r24, Bac & 4th Community Tfansport d8lvered 325 for 70 different o)mmunlty groups. The proje(# all(WS >)mmunity groups to arrange affijrdable transport to achieve their proiecl objectrves or just for soaal aclivrties. Communitles taknng advantsge of the swice knduded youth grotsp& young rnr¥ groups, memory b8. primary schools and try)18. W4RCC Wed dosety with The RCC in Leicestershire & Ruuand to defver Ihe Halls Together service. The proied provides support lo management commlttees of village and communty halls to enable ttwm to run more effectively for the benefrt of thar local o)mmunity. In addition to resporKling to support requesls. the setvle£ delivered 7 training sessions on Su.e(S fr(¥n safeguarding to goveming documents and ran 2 network events for rnent. Hals Toget1r laUhOd a bSite for menknrs and continued to njn vibrant Facebook grwp. The Wam Hubs prqed supported 14 pernrEnt Vlami Hubs and an adthtional 71 VAnter Wami Hubs over the winler period. These Hubs provide a safe and wam place for people to meet, sodause and galn information ab(yJt local services and supwL Over 18.OCM) visits were made to Warm Hubs during the year. The project is generou suppr ty Cadent G88. The Mobile Wam Hub visited 13 rural locations during the year. Vlth gjpport from Warwid(shire County Council, the proie(I ran skMI U)oker o)urse n 14 locat¥5. residents a free slcm cooker, ingredients, energy resource pad(s and rnrbon momxide alarrrts. Page 2
wARCKSHIRE RURAL COMMUNrrY COUNCIL REPORT OF THE TRUSTEES for tho Year Ended 31 March 2024 STRATEGIC REPORT Flnandal revlew Inveslment pollcy The company may borrow raise for the obiecis of o)mpany cm suth terms and selitY as may be thought fit by the Trustees arKI invest Ihe rTrxies of tfrk? Ca)Mp rnx immedHtely required for tis purposes In Investments, seritieS or propety. Reserves pollcy The 8oard of Trustees trAve resolved that Cc alm kn hold the equivalert of &month's owating costs In reser¥e. Futyrn plans Cc's vlsEon Is: IMICC seeks lo enre WarwiLshire communitles are Ihrfvkng, v51xant arKI sustatnabla . places where peOe want lo and w¢Yk. IARCC'8 mls8lon18 to: - tackle rural dlsadvantage - support arKI wnpThver c4)mmunities - deliver efficient and cost-effective services WRCC Trustees have dedded to Invest a proOn of reserwe fijnds th the development of MealsOn-Whee19 sep4ic4 tn IAlarwtcshlre. The new SeN1 will provide a hot nwl delvered to (yjstomer homes for up to 365 days per year. The seNiL% will atso offer a safe and well thk, enabling paople to )ntlnue to lile In thelr own homes and provkllrKJ valuable reassurance to rdatlves. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The Company is govemod ty its Memorandum Arlides of ASra8th and ())n8titute8 8 0)mpany Ilmlted by guarantee. Recruliment and appolntment of new dlrectorn Under the requiremenls of the Memorandum and AJtide3 Ihe Board o)rywi8e$ up to six elected MbeT$ plus up lo four nClInated representatives of signifant stak8h)Ider <xganisations u)-OPted annually and ihe Honorary Officers. The Honorary Offiws are elected annually al the AGM. The elected members rett're by rotstion every three years and are el91b for re4lection at the AGM. Potential member8 01 the 808rd are fecruled through p8rscThl contsds and by rnquests Sent with th8 AGM papers, targeting people v*ith experience. nterests and relevant sklils In rural )mMUnitieS and their development. Skills audits of Board members we dertak to ensure a lrrfOrMed and diverso Board. Training opportunities are offered to develop members. skills aThl Organlsatlonal structure Major policy decisions are all subject to apryoval by the Board. The Chief Executive Officer is appointed trustees and is respOble for 811 worf( related actsvities aTrJ supervising the WO of field and woied related 8t8ff as as ffinan. adThMnistration and personnel Issues and management of Otr administrative staff. Page 3
WARWICKSHIRE RURAL COMMUNTfY COUNCIL REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Dlrectors, Inductlon New Board members are issued ry1h an infomiation pac* containing infonnatvjn about the organisalion, and their responsibilities as Directors and Charity Trustees. The Chair and the Chlef Officer are available to anwwer any questions and offer fiJrth8r explanallons that new members have. Dlftctors and their Interests The members of the board of management (as detailed above) acted as directors and trustees. No direclor has any beneficlal interest in the charitable company. All directors are members of the ccxnwy and guarantee to contrlbute £1 In the event of a wlndlng up. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Compary number 03930819 (England and Wales) Reglstered Charlty number 1081017 Reglstered offl¢e Room 0.04 PrirA Phillp Bulldlng Warwlck une$lty Wellesboume Campu8 Ilesboume Wa1ckSh1r8 CV35 9EF Trustees Mr T Cox Honorary Prosldenl Lord LieLrt8nant of Warwl¢kshlre Dr J Bland Honorary Vl¢e Presldent Cllr R Weaver BEM Vice Chair Mr O Harvey Mr M Rlgby Ms S Schleè (resigned 11.7.23) Cllr C D Parrott Chalr Mr G J Prfnce Audltors Cooper Adams Ltd Chartered AcLountants and Statutory Auditors 12 PaOn Street Stratford un Avon Wawid(shire CV37 6UA Chlef Executlve Offlcer Mr K Slater STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also the directors of Warwic&shlre Rurdl Communlty Council foi the purposes of company law) are responsible for preparing the Report of the Trustees and th8 finanaal statements In swjrdan applicable law and United Kingdom A¢oJJntlng Siandards (United Kingdom Generalty Accepted Accounting Practice). Pag¢ 4
WARWICKSHIRE RURAL COMMUNITY COUNCIL REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 STATEMENT OF TRUSTEES, RESPONSIBILmES- conilnued Compary law requires the trustees to wepare finanaal statem8rts r eath fmaniial year whtch gmve a twe and frair vieN of the state of affaws of the tharitable ¢x)mpany and of the in¢))ming resources and application of sources, uicluding the in¢J)me and expen(Srture. of the d)arilable mpary for 1PAt period. In preparf those firAnaal statements. the tNste8s are required to Select Suitab accnting poticies and then apply thn consienty, observe the rnethods and prinaples in the Ctwity SORP; make judgements and estimates that are reasonabk and prudenL prepare the finanaal statements on lh8 SIng o)ncem basis unless * is nappropriate to presume Ihat the tharitable company will ntinue in business. The trustees are resronsible for keeping woper accourtlNJ rec¥)rds vthlch dsdose wlth reasonable awjrncy at any time the financial po%tk)n of the tharitabte Company and to enable trRm to ensure that Ihe flnan¢lal statements (X)mY viith the Comparwes Act 2006. are dso responsible ts safeguarding the assets of the diarilable ajmpany and l*nce for taking reasonable steps for the wention and detedon of fraud aThJ other Irreg[arItle8. In 80 far as trustees are aware: there is no relev8nl aLNJIt 1nfonnat1( the charltable 0)Mp$ auditors are unaware; and Ihe trustees have taken 811 steps that they ought to have lak8n to make themsdves aware of any relevant audlt InformatEon and to establish that the auditors are mre of that infoThnallon. AUDITORS Th8 auoltors. Cwr Ad8m8 Lld. vAll be wopoaed fix re-8pwJlntment at the forthmmwig knnual General MedirKJ. Report of the trustees. hcorwrating a Strateg report approved ty cfder of the t#)ard of tru8te88, as the company drector& ¢x 24 October aTrJ signed on board's behalf by: Cltr C D P8rrott- Trustee
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF wARcKSHIRE RURAL COMMUNITY COUNCIL Oplnlon INe have audited the finandal statements of Warwid(shlre Rural Communlty Coundl (the 'tharftable company,) for the year ended 31 March 2024 wh¢ch comprise the Staternent of Finanaal Aclivities, the Statement of Finan(ial Positton, Ihe Statement of Cash Flows and notes to the finanoal statements, induding a gjmmary of significant accounting policies. The finanaal reporting framework that has been applied in their preparation is applicable law and Unrted lfjngdom Aco)unting Standards (United lfjngdom General Apted Accounts'ng Practlce). In our opini¢)n the financial statements: gtve a true and fair view of the stale of the charitsble CL)mpany's affairs as at 31 Marth 2024 arKI of its incoming resources and application of resources, induding its incx)me and expenditure. for the year ttrn have been propety prepared in accordance with United Kingdom Generalty Acceptsd Acoyjnting PrdcIi• and have been prepared in a¢dance with Ihe reqLllrements of t1 Companies Ad 20c. Basis for oplnlon We conduded our auolt in aco)rdance with Intematlonal Stsndards on Auditing (UK) (ISAS (UIQ) and applic2ble law. Our responsibilllles under those standards are fvrther described in the Auditor responsibililies for the audit of the financial statements serAion of our report We a independent of the tharitable wmpany n ac[x)rdan with the ethical qUirements that are relevant to our audit of Ihe financial ststements in the UK. induding the FRC'S Ethical Standard. and we have fvlfilled our other ethic¥l responsibiltties in acrdanCe with these requirements. We believe that the audit evidence we have obtained is suffiaent and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements. we have o)ncluded that the trustees, use of the going concem basis of accounting in Ihe preparation of Ihe financial stakments is appropriate. Based on the work we have perfonned. we have not Klentified any material UnrtaInlieS relattng to ev1$ or conditions that, individually or cfjlledively, may st significant doubt on Ihe tharitsble company's ability to ojntinue as a going CA)n¢em for a period of at tsast twelve months from when the ffinanaal statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going )nCern are described in the relevant sections of this report. Other Infom)allon The trustees are responsible for Ihe other infomiation. The other inf0MtIOn comprises the infomiation induded in the Annual Report, oth8r than the financial statemenls and our Report of the Independent Auditors Ihereon. Our opinion on the finanaal statements does not ojver the other inf0mtion and, expt to the extent ctherwise expliiirfy stated in our report, V do not express any fom) of assurance condusion thereon. In conneGtion with our audit of the finanaal statements. our responsibility k% to read the other infomiation and, In doing so, ¢onslder whether the other information is materially inr))nsistent wllh the ffinanaal statements or our kn(Avledge obtained in the audit or otherwise appears to be materialty misstated. If we identrfy such material inconsistenaes or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financaal statements themsdves. If. based on the work V have performed, we (y)nclude that there is a material misstatement of this (Aher infomiation. VR are required to report that faGt. We have nothing to report in this regard. Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audiL' the infomation given in the Rewrt of the Trustees for the finarrial year for which the finan(xal ststements are prepared is )nSIstent wth the financial statements: and the Report of the Trustees has been prepared in accordan with applicable *al requirements. Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WARWICKSHIRE RURAL COMMUNrrf COUNCIL Matters on whkh we aTr requlred to report by eePon In the light of the knryledge and understancfing of the tharitable (pary ts environm&tt obtslned In the I)JWS8 of th8 audit. W8 have not identified rnterial misststements in the Report of the Trnstee8. ha4 nothlrKJ to rerx)rt In respert of the fooAj matters where the Companies Act 201% requir88 US to report to you rf. in our opinion.. . •Jequate accounling rerdS Fwve rH)t been ke reIr0 lequ for aurfrt have not recelved from branches not visited by us; or trbe finartial statements are not n agreement with the atrounling records arxl retwns: or certaNI disdosures of trustees remuneralton spe by law are not made., or we have not received all the Infation and explanalions we require for our audlL Responslbilltles of trusteos As explained more fvlty in the Statefftht of Trustse8' ReGpon8itAlitss, Ihe trustees (WIK) are a180 th8 dlrectors of the tharItab company for th8 puryjoses of ojnyny law) are responsitde for the preparation of the finanoal statements and for being satisfied that they gtve a true and fair view, and for suth intemal )ntrol as th8 trustees detemiine is rSSary to enable the eparatn of finanaal statements that are free fTom material misststement. whether due to fraud or error. In preparfng the flnandal statements, the trwtees are reSportsiO fijr astessng Ihe d)aritabl8 o)mp8nJls ability to nIInue as a going conom. thsdosiThJ, as applicable. matters related to going nCern and u31ng the going u)n¢em basis of a¢cA)urrting unless Ihe Inistees elther Intend lo Iquldate the tharilable o)mpany or to cea88 operations. or have no r&qlists alt8mathie but to do 80. Our Mpon8lbllltla8 for thg audlt of thè finandal slatements Our objectives are to obtsin reasonab 8ssur8nc8 abt whdher the finandal ststements as a vhK)le are free from material mlsstatement, whether due to fraud or error, and to issue 8 Report of Ihe Independent Auditors thal Indude$ our oplnlon. Reasonable assurance Ss a high kvel of assurance. tt is not a guarante8 th81 an audit o)nducted in acts)rdan with ISAS (UK) will aKvays detect a mateiial mlsstatement vthen tt exlsts. Mlsststements can arkn from fraud or error and are considered material rf, individualty or In the aggregate. they (x)uld reasonabty be expeded kn Influence the ec4Jnorrdc d¢dslons of users taken on the ba81s of th8se finan¢ial 8tatement& The extent to vhbtch our pmcedures are ¢xpable of dete(ng iffegularities. irK4uthng tra113 detsiled below. Irregularities, irKluding fraud. are Instances Lrf Th)n-compUan¢x with laws and regulailons. We deslgn procedures In Ilne our r8sponsiknlitles, outlined ab(Ne, to detect Matla1 misststements In resped of Irregularities, induding fraud. Becaus8 of the inherent fimitations of an autht, thwe 8 iisk that we wlll not detect all irregularities. uidu(fjng those badiru to a material misstatement in the financ4al statements or r1complIance Vth regulatl(m. Thls rtsk Incnw the rre that o)mpliance with a law or regulation is moved from the events and transactw)ns refiected In the firAndal stslements. as we wlll be less likely to beoime aware In*8nces ol norCOmp.8n. The risk is also greater YegardiTrJ irregularities oc¢%rning due to fraud rather than rOr. as fraud inK)Ive8 intenlional nCeMl. Ibrgery, c¢lluslon, omlsston or mlp4epre8entstion. A fijrther description of ryjr responsibifflies for the authl of the fjnanaal siatements L8 located on the Financial Reporting Council's website at www.frc.<ryuklau(ItorpsbI iMie& This descrwin forms part of our Report of tFk8 Indep&xlent Audiiots. Page 7
REPORT OF THE INDEPENDEprr AUDITORS TO THE MEMBERS OF WARWICKSHIRE RURAL COMMUNrrf COUNCIL Use of our report This repjrt is made solely to the tharitable ujrnparfs members, as a Ix)dy. in aC1x)rdan ¥th Chapter 3 of Part 16 of Ihe CThnpanies Act 20(13. ¢)Jr autht has teen undertaken so that we might &ate to the dritable aimpanls members those matters vft are required to state to than Ni an audittys, p)rt and for no other purpose. To the ffijllest axtent Iwmitted ty law. we do not accept or assume resporksibilty to aryone other than the dwritable MpanY and the (tlIable comparrfs members as a body. for our autht for this report. or for the opinK)ns we have f(¥med. Cooper FCA (Senior Sktutory Authtor) for and on behalf of Cooper knms Ltd Chartered Accountants and Statutory Audrt¢xs 12 Paylon Street Strattord upon Avon Wap•iickshire CV37 6UA 24 October 2024 Page 8
WARMCKSHIRE RURAL COMMUNITY COUNCIL STATEMEKf OF FINANCIAL ACTMTIES for the Year Ended 31 March 2024 2024 Totsl funds 2023 Total funds Unrestri(ed fund INCOME AND ENDOWMENTS FROM D¢Thtions ar acies 1.898 Charftable activities Grant incx)me Provision of services 1,424 124.615 112,181 T79.876 113,605 9J4.491 101,935 670,428 Other trading activdies Other income 16,585 15208 33.073 33.073 Total 126.545 934.387 1,(fj0,932 8(.054 EXPENDITURE ON Raising funds 4.387 13.733 15.103 Charltable actlvilles ProviyAon of support 203.5( 9n.434 1,176,940 764.218 Other 1.410 4.952 6.362 4,821 Total 987.732 1,197,035 784.142 NET INCOMEI(EXPENDrruRE) (82.758) (53,345) (138.103> 21.912 RECONCIUATION OF FUNDS Total funds brtyjght forward 97.816 209.739
J7,555 285.643 TOTAL FUNDS CARRIED FORWARD 15.058 156.394 171,452 307.555 The notes fomi part of tte fironcial sL*n
WARWICKSHIRE RURAL COMMUNrrY COUNCIL STATEMENT OF FINANCIAL POSITION 31 Mar¢h 2024 2024 2023 Notes FIXED ASSETS Tangible assets 12.585 28.557 CURRENT ASSETS stocks Debtors Cash at bank arKI In haTh 12 13 3,471 218,955 84.932 169,548 157,211 307,358 326,759 CREDITORS Amounts falling due wlthln one year 14 (148.491) (45.761) NET CURRENT ASSETS 158,867 280,998 TOTAL ASSETS LESS CURRENT LIABIUTIES 171,452 307.555 NET ASSErs 171,452 307.555 FUNDS Unrestrf¢Aed fvnds.. General fund Restricted fvnd8: Restrlcled 17 15,059 97,818 156,393 209,739 TOTAL FUNDS 171,452 307.555 The finandal statements were approved by the Board ol Trustee8 and authorlsed for Issue on 24 October 2024 and were Igned on Its behaw by: citr C O Par - Trustee Mr D Harvey- Trustee The notes form part of these financ4al statements Page 10
WARWICKSHIRE RURAL COMMUNrrY COUNCIL STATEMEKf OF CASH FLOWS for tha Year Ended 31 March 2024 2024 2023 Notes Cash flows from oparatlng actlvltles Cash gerated from operallons {103.313) (44.630) Net cash used In operating adtvitle8 (103.313) (44,630) Ca8h Ilowa from Inv08tlng acllvltle8 Purchas8 of taroible fixed assets Sale of tanglble flxed assets (9,216) 40.250 (1,885) 15,208 Net cash provkled by Investlng adlvttles 31,034 13,323 Change In Cash and ca•h 8qulvalents In the reportlng perlod Ca8h and cash equlvalonts at th• boglnnlng of tho reportlng parlod 172,279) (31.307) 157,211 188,518 Ca•h and ca•h equlvalents at the •nd of tho reportlng perfod 84,932 157,211 The notes fomi part of these fjnanoal statements Page 11
wARcKSHIRE RURAL COMMUNrrY COUNCIL NOTES TO THE STATEMENT OF CASH FLOWS for the Year Ended 31 March 2024 RECONCIUATION OF NET (EXPENDrruREyINCOME TO NEf CASH FLOW FROM OPERATING ACTivmES 2024 20T3 Net {expenditureYincorne for the reporting pernd (a per the Statement of Financial Activfties) Adjustments for. t)epreciation dmrges Profft on disposal of fed assets Incxease in slocks Inixease in debto InLTrasel(decrease) in cre(rrtors (136,103) 21,912 16.011 (33,orJ) (3.471) (49.407) 102,730 14,243 (15,208) (14,019) (51,558) Net cash used In operatlons {103.313) (44,630) ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cath flow At 31.3.24 Net cash Cash at bank and in harKI 157211 (72.279) 84,932 157211 (72.279) 84.932 Total 157211 (72.279) 84.932 The rKtss fwm part ofthese finan(ial staternents Page 12
WARWICKSHIRE RURAL COMMUNrrY COUNCIL NOTES TO THE HNANCIAL STATEMENTS lor the Year Ended 31 March 2024 ACCOUNTING POUCIES Basls of preparlng the ffflanclal statements The financial statements CA the cJarilable company. is a wblic benefft sjbty under FRS 102. have been prepared in accordarKe wilh the Charthes SORP IFRS 102) 'A(£ounting and Reporling by Charities: Statement of Recommended Practre 8p1(?b1e to tharilies rKeparing their accounts in accordance the Financial Rewitng Standard applicable in the UK and Republic of Ireland (FRS 102) (effethve 1 January 2019),. Finaniiaj Reporting Standard 102 Tr Financaal Reporfing Standard applit3ble tn the UK and Rewbfic of Ireland and Ihe Conwanies N£t 21Th. The finanaal statements have been Preped under historicd cost Cy)nventi. Income AJI uicome is recognised in the Statement of Finana81 Actsvls On the dwity entiuement to the funds. it is probable that the ino)me wll be recer¥ed and the amourt be measured lIab. Expendlture Liabilities are rwnised as expen(fjture as soon as there is a legal or constructive obligation committir#J thanty to that expenrfrtwe. l is wobable Ihat a transfer of e¢(Orni¢ benefils will be required in settlement and the amc4Jnt of the (lIgatIOn txn be measured reliaLty. Expenditure is acojunted for on an acuuals bBsts and has been dassified under headings that aggregate atl cost related to the leg. Vthere cosis cannot be directy atIritrted to partIlar headings U)ey have been alklcated to adpiittes on a basis c4ThiStent with th8 Ltse of resources. Tangible fixed assets Depreoation 1$ provided at the tsll(w4iNJ rnal rates n order to write off asset (wer ts estlmated useful lrfe. Motor vehides Equipment 12% straight line 33% stravJht ne Assets $ting £250 ( more are captdised as tarMJible [ed assets and are ThIed at o)st, net of depreaation and any provIs)n for impainnenL Stocks Stocks are valued at the hmr of rnst and net redisable Yalue. after rnang due allowance for obsolete and slow moMrKJ itwns. Taxation The charity Is exempt from corporatim tax on its tharitsble a(#Nille& Fund accounting Unrestrided fvnds c2n be used li ac0Xda Imlh Ihe tharitabk obiedive5 al Ihe (Ixrdion of the trustees. DesigrAted fijnds oimprise Unf8ed rAS that ve been set aside ty the tru8tees for ptlar wws. The aim and use ofeath desi9roted fund is set out in the rntes to the fmancial statents. Restricted fiJTrJs can only be fjjr partiojlar restrict&J JseS *ilhin the obieds of Ihe Charity. Restrictions arise vthen speafied OJrM)r or vthn fjJr#Js are raised for partiojlar reslrithd PuTPCYS. Further explarHtion d the nature and puw of eath is induded n the notes b Ihe financial statements. Pension costs and other FX)St-relirement bMefft8 The tharitable ujmpany opwates a definal ntribUtIon pertsion scheme. ContrbutiLMS payable to the chariiable company's pensiffi scheme are dwged to the Statement of Finan¢ial PLtivities in the peiiod lo which Y rdate. Page 13 continued...
WARWICKSHIRE RURAL COMMUNITY COUNCIL NOTES TO THE FINANCIAL STATEMENTS - contInd for the Year Ended 31 March 2024 DONATIONS AND LEGAaES 2024 2023 9,763 OTHER TRADING ACTIVITIES 2024 2023 Agency fees 16,585 INCOME FROM CHARrrABLE ACTMTIES 2024 2023 Inc£>mtng re80uwces from tharitable advttles InComg resources from charitable aclivitbes Grant ino)ma 113.605 101,935 904.491 670,428 1,018,096 2,383 PAISING FUNDS Ral•lng donallong arml legacl•• 2024 2023 Publiaty and promotions 13,733 15.103 CHARITABLE ACTIVITIES COSTS Direct Pr¢Jvl4on of pJJpport 1.176.940 SUPPORT COSTS Management Other r&8oufce8 expa)ded 8.382 NET INCOMEI(EXPENDrruRE) Net IncoM(expendiiUre) Is stated after dw91{1JI1ln9). 2024 2023 Depreaation . owned &8sets Surplus on disposal of red assets Audit fees 16.011 (33.073) 6.300 14,243 (15.208) 4.650 Page 14 o)ntinued...
WARWICKSHIRE RURAL COMMUNITY COUNCIL NOTES TO THE FINANCIAL STATEMENTS - contwiued for the Year Ended 31 Mar¢h 2024 TRUSTEES, REMUNERATION AND BENEFrrs The We rn trustees. MUnallOn or other InefftS for Ihe ar ended 31 March 2024 mr for the year ended 31 March 2023. Trustees. expenses Expenses totatThrKJ £Nil tre relmbued to NO trustees { 2023: £NI rwmlrSed to Nll tstees) . 10. STAFF COSTS 2024 2023 Wages and sthries Sooal serity $ts 648.869 35.854 26.327 475,632 24.319 18.315 711.050 518.266 The average monthty number of employees durirvJ the Y was as folkxys: 2024 19 2023 15 Ayage number of fvll ttn equivalents: No employees reG8ved ernolurrts in excess of £.1)0. 11. TANGIBLE FIXED ASSErs vehides Equipment Totals COST At 1 Aprd 2023 Addilions Disposals 261.719 25.219 9,216 286.938 9,216 (78.680) (78.680) At 31 Marth 2(r24 183.039 34.435 217.474 DEPRECIATION At 1 N)ri12023 Charge for year Efrninaled on disw)sal 23.537 4.125 260,381 16,011 (71.503) 11.886 (11.503) At 31 Marth 21r24 177.227 27.662 204.889 NET BOOK VALUE At31 Marth 2024 &812 12,585 At 31 Marth 2023 24.875 1.682 26.557 Page 15 continued...
WARWICKSHIRE RURAL COMMUNrrf COUNCIL NOTES TO THE FINANCIAL STATEMENTS - contlnued for the Year Ended 31 March 2024 12. STOCKS 2024 2023 Stocks 3,471 13. DEBTORS: AMouKfs FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prepayments and awued income 215.113 3,842 167,104 218.955 169,548 14. CREDITORS: AMOUNTS FALLING DUE MTHIN ONE YEAR 2024 2023 Trade cr110 VAT Other Creditors Accxuals and deferred ino)me 20.358 17.389 14.017 96,727 5.675 1,230 38,856 148,491 45,761 18. LEASING AGREEMENTS Minimum lease paents under non<ancellable operating leases fall due as follows: 2024 2023 Within one year Beeen one and fve years 79.531 150,697 60,781 117,729 230,228 178,510 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total fur$ 2023 Totsl funds Unreslrided funds Restricted fund Fixed assets Current assets Current liabilities 10.805 40.905 (36,651) 1,780 266.453 {111,840) 12.585 307,3S8 {148,491) 26.557 326,759 (45,761) 15.059 156,Ya3 171,452 307,555 Page 16 o)ntlnued...
WARWICKSHIRE RURAL COMMUNrrY COUNCJL NOTES TO THE FINANCIAL STATEMENTS . Ccrfbtlnued for the Year Ended 31 VArch 2024 17. MOVEMENT IN FUNDS Balance bf Incoming Resour¢es Fundfrdnsf 01104r23 Resources Expended ers Balance cf 31103r24 Unrestrl¢ted Funds 12 Back & 4th Housing Interim Parish P RSPC FundirrfJ Wann Hubs Defra FundirKJ Defra Rural HuJsllig Enabler Programme Total Restrlcted Funds 181,587 9.470 2.(9 624.175 74.310 (662.122) 178.578) 143.640 5.202 2.059 1,553 3.100 15,070 193.910 37.635 r205.880) (37.635) 4.357 (3517) 15 Back and 4th Fund The fund cperates a Shoppig 1. gmp mlril)us hwe a number of County Council bus contracts. The minibuses are opwated under a Se(ion 19 penntt and as suth are operated "rM.for%>roff. Houslng Th fund empty Rural Housirg EnablS who wovide advi and wadKal suwort to give advi r what is (and what isn't) athievable in a coMmurty to provide new homes. It helps the community to assess 1he ktsl need for new homes. usualty through a Housing Needs Surveys, as well as helping Ihe nMunIty to identrfy pOSse lootions for n&¥ hrmnes negotiate with larKlwiern. Interfm Parlsh Plan This fund was developed to help provKle grants to partsh plan griwps in the (y)unty. RSCP Fundlng This fund was also develowl to help WtyKle grants to partsh plan wps in ts (x)unty Wami Hubs A grant made by Cadenc the UKS largest gas tfjrknuli(n rJort for the operation of a Wami Hubs proje( Waffti Hubs are places wlthin the k)c21 commurllty whe people ¢an be assured of finding a safe. wann and ndlY VIrOnMent in which to refreshrnen solial activity. infomation and advice and the )rnpany of other peWe. D8fra Fundlng Grant fiJndirvJ for the ACRE Neiwork for the wwision d iocal strategic support to rural communiti84 shartng leaming on suslainable funthng Trle1$ and provKling access to lo(xl irtellijence. Defrd Housing Enabler Programmo Grant furKling for fufdl h(Sir¥j enabltw •ity n WdMMshire to supplement Ihe existing RHE proied work Part of a tional programff* of njral hwsiTrJ athwty funded by Defra in 2024r25. Page 17 (x)nlinued...
WARWICKSHIRE RURAL COMMUNrrY COUNCIL NOTES TO THE FINANCIAL STATEMEKfs - contlnued forthe Year Ended 31 March 2024 18. RELATED DISCLOSURES There were no related transxkn tr the year entsd 31 21Y24. Page 18
WARWICKSHIRE RURAL COMMUNITY COUNCIL DETAILED STATEMENT OF FINANCIAL ACTivrriES for the Year Ended 31 htsrch 2024 2024 2023 INCOME AND ENDowpaEKrs Donatlon8 and lega¢l08 Donaon5 9,763 1.898 Other tradlng actlvltle8 Agency fees 16,585 Charftable actlvftles Ino)mlng resources from dritable adivilles 1.018.098 T12,363 Other Income Gani on sde of tanglbte fixed assets 33,073 15208 Total In¢omlng ro•ource• 1,()0,932 806.054 EXPENDITURE Ralslng donatlon8 and legacle8 Publtiity and pnxnotior 13,733 15.103 Charltablo acovltles Wages Soaal seujrity Pensions Bad( and 4th vehkle costs Staff training Reuuitment and volunteer expeS Depreciation of tangible fixed assets Equlpment lease Consuftancy and contractors Travel and subsistence Warm Hubs direct costs CFF- direct ojsts Houslng - dtrecl costs Insurance Slationery Computer exp8nses Telephone Rent, light and heat Defra direct sts 848,869 35.854 26.327 170,476 1.718 475,632 24.319 18,315 127,622 4,198 6,711 14,242 170 6,851 8.866 17,780 16.011 521 3.624 79,807 ,704 2.402 1,583 3,498 11,164 5,073 44.733 12.562 14,637 1,888 2,764 3,399 5,254 19,408 12,562 1.176,940 784,218 Support costs Management 6.300 4,650 171 Board expenses 6.362 4.821 Total resources expended 1,197.035 784,142 Net (expendlturoylncome (136,103) 21.912 page does not fomi part 0ftr Stattrt finan¢ial atements Page 19