2024-12-31-accounts - Ryecroft Nrc

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`RYECROFT NRC`

DIRECTORS’ REPORT AND UNAUDITED ACCOUNTS

FOR THE YEAR ENDED
31ST DECEMBER, 2024

CHARITY NO. 1087099

COMPANY NO. 4129303

RYECROFT NRC

`COMPANY INFORMATION`

Directors                      S.L. Ankrett
                               M.D. Zafosnik
                               E. Rowbotham
                               G. Staples
                               J. D. Stuart-Brown
Company number                 4129303
Charity number                 1087099
Registered office              28 New Forest Road
                               Walsall
                               West Midlands
                               WS3 1TR
Accountants                    Midas Accountants and Business Consultants Ltd
                               183 Walsall Road
                               Great Wyrley
                               Walsall
                               West Midlands
                               WS6 6NL
Bankers                        Santander Bank Plc
                               Bridle Road
                               Bootle
                               Merseyside
                               L30 4GB

RYECROFT NRC

`CONTENTS`

1 – 4. Directors’ report
5. Accountants report
6. Statement of financial activities
7. Balance sheet
8 – 11. Notes to the accounts
The following page does not form part of the statutory
accounts.
12. Total resources expended

RYECROFT NRC

`DIRECTORS’ REPORT`

`FOR THE YEAR ENDED 31ST DECEMBER, 2024`

The directors present their report and the financial statements for the year ended
31st December, 2024.

The financial statements comply with the Charities Act 2011, the Companies Act 2006,
the Memorandum and Articles of Association, and Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their financial
statements in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102).

`Company status`

The company is a private company limited by guarantee and is governed by the contents
of its Memorandum and Articles of Association.

`Statement of directors’ responsibilities`

Company law requires the directors to prepare financial statements for each financial
year which give a true and fair view of the state of affairs of the company and of
the profit or loss of the company for that year. In preparing those financial
statements the directors are required to:

Select suitable accounting policies and then apply them consistently:
Make judgements and estimates that are reasonable and prudent: State whether applicable accounting standards have been followed, subject to any material 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 company will continue in business.

The directors are responsible for keeping proper accounting records which disclose
with reasonable accuracy at any time the financial position of the 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 company and hence
for taking reasonable steps for the prevention and detection of fraud and other
irregularities.

`Principal objects`

The object of the company is to advance any charitable purpose which will promote the
regeneration for the public benefit of Walsall and surrounding areas.

`Review of activities`

Activity at the centre has never been more needed and accessed.  We are now at full
capacity, every area of the centre both inside and out now being used seven days a
week.

The lack of funding has proved challenging, but the charity has managed to continue,
the challenge continues to be balancing what the charity offers as core delivery
while addressing the needs of users and social businesses.  We continue to attract
social businesses to the area to deliver additional community-based services.

The massive increase in activity has put a mental strain upon our skeleton staff, who
are often working well in excess of their contracted hours.  We have increased the
number of volunteers to eleven, but it was agreed in order for the charity to meet
the growing demand placed upon it, we would need to find a way to fund additional
staff.  This was partly financed by a successful bid to Henry Smith charity as we
have secured funding for us to employ a development manager for three years.

Following the massive success of our award winning Covid app, the charity responded

RYECROFT NRC

`DIRECTORS’ REPORT (Cont’d)`

`FOR THE YEAR ENDED 31ST DECEMBER, 2024`

`Review of activities (Cont’d)`

in a similar fashion to develop another mobile application to help combat the cost
of greed crisis, particularly the energy greed crisis.  The app has so far been
downloaded over 28,000 times.  Following our successful energy project, we were chosen
as the lead organisation to partner the council and were successful in securing
funding from the lottery for the WEAP project.  This is a partnership between ourselves
and six other organisations to provide training, and knowledge in climate change and
energy awareness.

We are working with council departments in order to retrofit the building.  This will
form phase one of our net zero project.

The charity remains open seven days a week to deliver services to our community, this
year has seen the introduction of a Sunday advice service that has been very popular
and has seen us help and assist over 120 SME’s with mainly energy related issues.

This year has seen us deal with the full-blown cost of greed crisis.  We were in the
fortunate position that all staff have been trained in energy awareness.  This saw
staff deliver a further 260 energy interventions, saving our local community over
£145,000 on their energy bills.

We continue to work with the council to offer support for the cost of greed crisis
by once again becoming a Housing Support Fund Centre.  This has involved the centre
assisting over 500 households with support.

Council also asked us to continue to deliver the Walsall Connected project.  We agreed
and apart from a few IT related issues we have begun to successfully deliver the
project.  Our centre is the most used centre for this project out of all the community
centres across the borough.

The centre once again became involved in our net zero work we had begun before the
pandemic by making contact with Agile homes in Bristol to resurrect our radical homes
and retrofitting project.  We have formed valuable relationships across the UK in
order to facilitate this project and the end of the year saw us develop the business
plan in order to secure community capital funding.  We are still to receive funding
for this project and remain hopeful.

Away from our specialist work, our core activities continued to grow again.  We
continued our warm space, an allotment and began once again delivering employability
training.

With footfall exceeding pre-pandemic levels we were in a position to conduct our
yearly consultation events and as in previous years three events were carried out,
evening, weekend and weekday.  The feedback we received has formed part of our business
plan moving forward.

`Volunteers`

With funding continuing to be restricted due to austerity measures imposed by central
government, the charity relies more than ever on the hard work of volunteers.

The charity works with volunteers who have mental health issues such as depression
and anxiety. We go the extra mile to ensure that they have a positive experience
while volunteering with us. We offer signposting information advice and guidance and
also training if they require in several fields such as PAT testing, CCTV installation,
basic I.T. skills, employability skills and writing Android apps.

The charity feels strongly that we should repay the hard work that volunteers put in
to help maintain the centre by giving them something in return. In this case we
provide training and advice which the volunteers appreciate greatly.

RYECROFT NRC

`DIRECTORS’ REPORT (Cont’d)`

FOR THE YEAR ENDED 31ST DECEMBER, 2024

`Plans for future periods`

We will hopefully secure funding to develop our allotment, train and deliver energy
advice to community centres and service users across the borough, by securing
additional funding.

The charity is hoping to finally obtain the necessary lease and planning permission
in order to develop our net zero project.

`Risk management`

The trustees have a risk management strategy which comprises:

an annual review of the principal risks and uncertainties that the charity faces:
the establishment of policies, systems, and procedures to mitigate those risks identified in the annual review; and
the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.

This work has identified that financial sustainability is the major financial risk
for the charity.

We have also identified moving from a tenancy at will to a lease as a potential threat,
as we understand the council may attempt to sign the charity up to unfavourable terms.
This should be known in January 2025.

A key element in the management of financial risk is a regular review of available
liquid funds to settle debts as they fall due.

Attention has also been focused on non-financial risks arising from fire, health and
safety of staff and service users.

These risks are managed by ensuring accreditation is up to date, having robust policies
and procedures in place, and regular awareness training for staff working in these
operational areas.

`Directors and trustees`

The directors of the company are its trustees for the purpose of charity law.

The directors who served during the year were as follows:

G. Staples
E. Rowbotham
S. Ankrett
M. D. Knott
J. Stuart-Brown

Should new directors be required to join the organisation, in line with our
director/trustee policy, potential new directors are sought initially from the local
area.

New directors then undergo induction training to prepare them fully in order to carry
out their duties.

RYECROFT NRC

`DIRECTORS’ REPORT (Cont’d)`

`FOR THE YEAR ENDED 31ST DECEMBER, 2024`

`Small company rules`

The report has been prepared in accordance with the special provisions relating to
companies subject to the small companies regime within Part 15 of the Companies Act,
2006.

`Finally`

The charity has been through several financial shocks but due to forward planning,
we were able to survive and remain in a position to provide valuable assistance to
the community.  The charity would like to place on record its thanks to Paul Staples
and all our volunteers who work so hard to enable valuable support to take place.

We would also like to thank the social businesses who hire space to deliver vital
community services, in particular Community Footprints, who once again excelled in
the work they carry out with vulnerable young children and adults so much so that
they were winners of a prestigious award once again in 2024.  Without you the centre
would not exist.

This report was approved by the board on 23rd May, 2025 and signed on behalf of the
board.

gary staples

`G. Staples`

`Director`

`RYECROFT NRC`

`ACCOUNTANTS REPORT`

`FOR THE YEAR ENDED 31ST DECEMBER, 2024`

Report to the directors on the preparation of the unaudited statutory accounts of
Ryecroft NRC for the year ended 31st December, 2024.

To assist you to fulfil your duties under the Companies Act 2006 we have prepared for
your approval the accounts of Ryecroft NRC which comprise the Statement of Financial
Activities, the [Balance Sheet and the related notes, from the company’s accounting
records and from information and explanations you have given us.

As a practising firm of the Association of Chartered Certified Accountants, we are
subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-
rulebook.html.

This report is made solely to the directors of Ryecroft NRC, as a body, in accordance
with the terms of our engagement letter. Our work has been undertaken solely to
prepare for your approval the accounts of Ryecroft NRC and state those matters that
we have agreed to state to the directors of Ryecroft NRC, as a body, in this report
in accordance with the Association of Chartered Certified Accountants as detailed at
http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-
factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than Ryecroft NRC and its directors as a body for our
work or for this report.

It is your duty to ensure that Ryecroft NRC has kept adequate accounting records and
to prepare statutory accounts that give a true and fair view of the assets,
liabilities, financial position and profit or loss of Ryecroft NRC. You consider that
Ryecroft NRC is exempt from the statutory audit requirement for the year ended 31st
December, 2024.

We have not been instructed to carry out an audit or a review of the accounts of
Ryecroft NRC. For this reason, we have not verified the accuracy or completeness of
the accounting records or information and explanations you have given to us, and we
do not, therefore, express any opinion on the financial statements.

`23rd May, 2025`

Midas Accountants & Business Consultants Ltd
183 Walsall Road
Great Wyrley
Walsall
West Midlands
WS6 6NL

RYECROFT NRC

`STATEMENT OF FINANCIAL ACTIVITIES`

31ST DECEMBER, 2024

`Unrestricted`	`Unrestricted`	`Restricted`	`Total`	`Total`
	`funds`	`funds`	`2024`	`2023`
	`£`	`£`	`£`	`£`
`Incoming sources`
`Grants`	`-`	`204,674`	`204,674`	`54,362`
`Rent and room hire`	`26,707`	`-`	`26,707`	`13,702`
`Housing Support`	`-`	`-`	`-`	`15,000`
`Donations`	`20`	`-`	`20`	`-`
`Sundry income`		`-`	`-`	`2,376`
	`_______`	`_______`	`_______`	`_______`
`Total incoming resources`	`26,727`	`204,674`	`231,401`	`85,440`
	`_______`	`_______`	`_______`	`_______`
`Resources expended`
`Costs in furtherance of the`
`charity’s objects`	`1,000`	`66,146`	`67,146`	`37,592`
`Management and administration`	`8,175`	`158,958`	`167,133`	`114,164`
	`_______`	`_______`	`_______`	`_______`
`Total resources expended`	`9,175`	`225,104`	`234,279`	`151,756`
	`_______`	`_______`	`_______`	`_______`
`Net incoming (outgoing) resources`	`17,552`	`(20,430)`	`(2,878)`	`(66,316)`
`Funds brought forward`	`8,618`	`83,657`	`92,275`	`158,591`
	`_______`	`_______`	`_______`	`_______`
`Funds carried forward`	`26,170`	`63,227`	`89,397`	`92,275`
	`_______`	`_______`	`_______`	`_______`

The statement of financial activities includes all gains and losses recognised in the
year.

All income and expenditure derive from continuing activities.

The notes on pages 8 to 11 form part of the accounts.

RYECROFT NRC

`REGISTERED NUMBER 4129303`

`BALANCE SHEET`	`BALANCE SHEET`			`31ST DECEMBER, 2024`	`31ST DECEMBER, 2024`
					`2023`
`Note.`		`£`	`£`	`£`	`£`
	`Fixed assets`
`8.`	`Tangible assets`		`67,507`		`70,748`
	`Current assets`
`9.`	`Debtors`	`102`		`154`
	`Cash at bank and in hand`	`65,422`		`52,007`
		`_______`		`_______`
		`65,524`		`52,161`
`10.`	`Creditors:``amounts falling due`
	`within one year`	`43,634`		`30,634`
		`_______`		`_______`
	`Net current assets`		`21,890`		`21,527`
			`_______`		`_______`
	`Total assets less current liabilities`		`89,397`		`92,275`
			`_______`		`_______`
	`Capital and reserves`
`11.`	`Called up share capital`		`-`		`-`
	`Unrestricted income funds`		`26,170`		`8,618`
	`Restricted income funds`		`63,227`		`83,657`
			`_______`		`_______`
			`89,397`		`92,275`
			`_______`		`_______`

The accounts have been prepared in accordance with provisions applicable to companies
subject to the small companies regime.

For the year ended 31st December 2024 the company was entitled to exemption from the
audit under section 477 of the Companies Act 2006 relating to small companies and the
members have not required the company to obtain an audit of its accounts for the year
in question in accordance with section 476. The directors acknowledge their
responsibilities for complying with the requirements of the Companies Act 2006 with
respect to accounting records and the preparation of accounts.

The accounts were approved by the board on 23rd May, 2025 and signed on its behalf.

gary staples

`G. Staples`

`Director`

The notes on page 8 to 11 form part of the accounts

RYECROFT NRC

`NOTES TO THE ACCOUNTS`

`31ST DECEMBER, 2024`

`1. Accounting policies`

`1.1 Accounting convention`

The accounts have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing
their financial statements in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January,
2016) and the Companies Act 2006.

`1.2 Incoming resources`

All incoming resources are included when the charity is legally entitled to the
income and the amount can be quantified with reasonable accuracy. Donations and
gifts received during the year are recorded gross. All other incoming resources
are reported gross whether raised by the charity or its agents. No amounts are
included for services donated by volunteers.

Income from grants, including capital grants, is included in incoming resources
when these are receivable.

`1.3 Resources expended`

Expenditure is accounted for on an accruals basis and has been classified under
the heading that aggregate all costs related to the category. Where expenditure
incurred relates to more than one cost category, it is apportioned on a basis
consistent with the use of resources.

`1.4 Fund accounting`

Unrestricted general funds are funds that are available for use, at the discretion
of the directors, in furtherance of the general objectives of the charity and
which have not been designated for other purposes.

Restricted funds are funds received for undertaking an activity specified by the
donor.

`1.5 Irrecoverable VAT`

Any irrecoverable VAT is included as part of the cost to which it relates.

`1.6 Tangible fixed assets`

Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost, less residual
value, of each asset over its expected useful life, as follows:

Equipment – 20% per annum reducing balance basis
Computer equipment – 33 1/3% per annum straight line basis
Expenditure on leasehold property – 4% per annum straight line basis

Tangible fixed assets costing less than £100 are not capitalised and written off
in the year of purchase.

RYECROFT NRC

31ST DECEMBER, 2024

`NOTES TO THE ACCOUNTS (CONT.)`

`2. Gross income`

The total gross income of the company for the year has been derived from its
principal objects wholly undertaken in the UK.

`3. Net income for the year`

`et income for the year`
		`2023`
	`£`	`£`
`Net income for the year is stated after`
`charging:`
`Directors’ emoluments`	`-`	`-`
`Depreciation`	`6,129`	`9,458`
	`_______`	`_______`

`4. Income`

A detailed analysis of income from charitable activities and income earned from
other activities is disclosed in the Statement of Financial Activities.

`5. Expenditure on charitable activities`

`Expenditure on charitable activities`
		`2023`
	`£`	`£`
`Training and courses`	`1,162`	`6,486`
`Other project related costs`	`65,984`	`31,106`
	`_______`	`_______`
	`67,146`	`37,592`
	`_______`	`_______`
`Staff Costs`
		`2023`
	`£`	`£`
`Salaries and Wages`	`124,976`	`66,222`
`Social Security Costs`	`7,102`	`132`
`Pension Contributions`	`855`	`-`
	`_______`	`_______`
	`132,933`	`66,354`
	`_______`	`_______`

`6. Staff Costs`

The charity directors were not paid, nor did they receive any other benefits, from
employment with the charity (2023- nil) neither were they reimbursed expenses
during the year (2023 - nil).

RYECROFT NRC

31ST DECEMBER, 2024

NOTES TO THE ACCOUNTS (CONT.)

`7. Staff numbers`

`7.`	`Staff numbers`
					`2023`
			`Number`		`Number`
	`Administration`		`5`		`2`
			`_______`		`_______`
`8.`	`Tangible fixed assets`
		`Leasehold`		`Computer`
		`property`	`Equipment`	`equipment`	`Total`
	`Cost`	`£`	`£`	`£`	`£`
	`At 1st January, 2024`	`82,157`	`11,856`	`2,189`	`96,202`
	`Additions`	`-`	`-`	`2,888`	`2,888`
		`_______`	`_______`	`_______`	`_______`
	`At 31st December, 2024`	`82,157`	`11,856`	`5,077`	`99,090`
		`_______`	`_______`	`_______`	`_______`
	`Depreciation`
	`At 1st January, 2024`	`17,650`	`5,791`	`2,013`	`25,454`
	`Charge for the year`	`3,620`	`1,285`	`1,224`	`6,129`
		`_______`	`_______`	`_______`	`_______`
	`At 31st December, 2024`	`21,270`	`7,076`	`3,237`	`31,583`
		`_______`	`_______`	`_______`	`_______`
	`Net book values`
	`At 31st December, 2024`	`60,887`	`4,780`	`1,840`	`67,507`
		`_______`	`_______`	`_______`	`_______`
	`At 31st December, 2023`	`64,507`	`6,065`	`176`	`70,748`
		`_______`	`_______`	`_______`	`_______`
					`2023`
`9.`	`Debtors`		`£`		`£`
	`Prepayments`		`102`		`154`
			`_______`		`_______`
			`102`		`154`
			`_______`		`_______`
					`2023`
`10.`	`Creditors`		`£`		`£`
	`Trade creditors`		`-`		`5,265`
	`Other creditors`		`31,986`		`20,256`
	`Accruals`		`3,816`		`3,009`
	`Taxes`		`7,832`		`2,104`
			`_______`		`_______`
			`43,634`		`30,634`
			`_______`		`_______`

RYECROFT NRC

31ST DECEMBER, 2024

`NOTES TO THE ACCOUNTS (CONT.)`

`11. Share capital`

The company has no share capital being a company limited by guarantee.

`12. Analysis of net assets between funds`

	`General`	`Restricted`	`Total`
	`funds`	`funds`	`funds`
	`£`	`£`	`£`
`Fund balances at 31st December, 2024 are`
`represented by:`
`Tangible fixed assets`	`340`	`67,167`	`67,507`
`Other assets`	`28,439`	`37,085`	`65,524`
`Liabilities`	`(2,609)`	`(41,025)`	`(43,634)`
	`_______`	`_______`	`_______`
`Total net assets`	`26,170`	`63,227`	`89,397`
	`_______`	`_______`	`_______`

`13. General information`

Ryecroft NRC is a private company limited by guarantee, incorporated in England
and Wales, registered number 4129303. The registered office is 28 New Forest
Road, Walsall, West Midlands WS3 1TR.

`RYECROFT NRC`

`TOTAL RESOURCES EXPENDED`

`31ST DECEMBER, 2024`

`Unrestricted`	`Unrestricted`	`Restricted`		`2023`
`funds`		`funds`	`Total`	`Total`
	`£`	`£`	`£`	`£`
`Expenditure in furtherance`
`of the charity’s objects`
`Training and courses`	`-`	`1,162`	`1,162`	`6,486`
`Other project related costs`	`1,000`	`64,984`	`65,984`	`31,106`
`_______`		`_______`	`_______`	`_______`
	`1,000`	`66,146`	`67,146`	`37,592`
`_______`		`_______`	`_______`	`_______`
`Management and administration`
`Wages and salaries`	`-`	`132,933`	`132,933`	`66,354`
`Consultancy fees`	`-`	`-`	`-`	`3,235`
`Rates and refuse collection`	`-`	`2,630`	`2,630`	`2,608`
`Insurance`	`-`	`822`	`822`	`797`
`Repairs and maintenance`	`2,916`	`-`	`2,916`	`6,275`
`Cleaning and ground maintenance`	`1,550`	`-`	`1,550`	`2,167`
`Travelling and subsistence`	`-`	`798`	`798`	`1,444`
`Printing, postage and stationery`	`-`	`764`	`764`	`8,273`
`Telephone and internet`	`-`	`1,998`	`1,998`	`1,892`
`Accountancy`	`2,892`	`-`	`2,892`	`3,128`
`Heat and light`	`-`	`12,819`	`12,819`	`6,657`
`General expenses`	`648`	`234`	`882`	`1,876`
`Depreciation`	`169`	`5,960`	`6,129`	`9,458`
`_______`		`_______`	`_______`	`_______`
	`8,175`	`158,958`	`167,133`	`114,164`
`_______`		`_______`	`_______`	`_______`
`Total resources expended`	`9,175`	`225,104`	`234,279`	`151,756`
`_______`		`_______`	`_______`	`_______`

Issuer

Midas Accountants

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Envelope generated with fingerprint 1cde74d67d939df4fa6c74dd06d0b836 (18.133.63.166) Document generated with fingerprint 182aa48197a4f0eb0a12e5380ce52e41. (18.133.63.166) Document generated with fingerprint f0e08a7e668d21686dfb5a6ba5cd0967. (18.133.63.166) Document generated with fingerprint 7631559d893feda7360fb4522b3ea8d3. (18.133.63.166) Document generated with fingerprint 11b65979306c6606da248d908cb94d55. (18.133.63.166) Mr Gary Staples has been assigned to this envelope. (18.133.63.166) Anne Cole has been assigned to this envelope. (18.133.63.166) Envelope generated Sent the envelope to Mr Gary Staples for signing Document emailed to party email (13.41.196.22) Mr Gary Staples viewed the envelope (109.170.219.183) Mr Gary Staples signed the envelope (109.170.219.183) Sent the envelope to Anne Cole for signing (109.170.219.183) This envelope has been signed by all parties (109.170.219.183) Document emailed to party email