RCCE URALCOMMJNTTY COUNOL OF ESSEX ' Rural Community Council of Essex Financial Statements Incorporating the Directors, and Auditors, Reports Year ended 31 March 2024 Re&)i4teri.d Comranv Xl(). 04b09Li24 Rerit51ereLI Lharili. Nv. Iiiy7(MY4
THE RURAL COMMMUNITY C.OUNCIL Oli ESSEX A Charitable Company Limited By Guarantee Reglsfered ChaTity No. 1097(K19 FINANCIAL STATEMENryS YEAR ENDED 31 MARCH 2024 CONTF.s Pages Directors, Report Statement of Directorb, Resi)i)nsibilities 10 Auditnr.%' RL'port 11-14 StatL)mont L)f FinanLial ALtiiyities 15 Balanl Sheet 16 Statement of Cash Flows 17 Nl()tes Ic) the Financial Stalements 18-32
THE RURAL COMMUNITY COUNCIL OFF.SSEX
A ChaTilable Company Llmiled By Cuaranlee
Resi5tered Charity No. 1097iK19
DIRECTORS, REPORT
ThL, r)irvrt()rs arc. plcased to PTeseiit their reporl oli the affair5 of the Rural C()nimunity Ci)iincil of Essex
(RCCE) tO8etlier witli ihe auclitc'd financial Statemei)15 0( Ihe charitsble conipan), f()r the ycar lo 31 March
2024.
The Financial Statenients havi. h)n prc'pared in accordai)cLi with thc accounting policies set out in Note I
of the r'inaiiciAI Slatements and comply with the Compaiiies Act 2006.
I. OBJECTIVES AND ACI"IVITIFS
'I'he purp)05c. of the Ilural Conimunity Counril of Essex's work. as stated ui its Menii>randuni of
Associalion, Is:
"To promoto any charitable purpuse for tlie nefit of tlie conimunity in the Couniy of Fssex and,
in particular,
Tl)e advaiicemejit of cducalion, the protection of health, and the relief of poverty. dislTess and
sickness,
In the furtherance ol tlie saicl purp(eS to promote aiid organisc co-operalic)n in the achievenient
of the same and l(} that end to brijig togL'thL'r in the councAI represeiiiatives of the voluntary
OTgani5ations and statutory authorities within th(. County."
l)uriii8 the period under revftem.. RLcf.'s current Strategy provided tl)e stratebyic fTanieiYorK (or Ihc
cownpany's dL¥velc?pment. I'liis Slralegy identifies IICLE'S long-term missioi) and aims, and higlilights lour
priority areas (If wwork:
Comniiiiiitr), Engagemcnt and 141)using
Communily Bull<lin, Assets and Eiiterprise
Suppoyliiis l?e()ple. in Need
Rural Vi)ic.L,. I'artnerships and Progrrf1n)mLJ I)L.livery.
I ACHIEVTr.MINTS AND PERTrORMANCF.
Tliis section of tlie reF)ort 5un)niarisL the aLhievenients ancl perfi)rmance of J
THE RURAL COMMUNllY COUNCIL OF ESSEX A Charltable Company Limited By Guarantee Re8i6tered Charity No. IOYIiK)9 DIREcfoRS' REPORT - continued 2. ACllItVlMENTS ANTfJ PF,RFORMANCF- continued RCCE use5 its cominunily engagemeiit 5ki115 in deliv(bring other projects and contrarts. with parbier5. It continueLI to provide sui)J)ort l() IA)Ilery-fui)de.d 'Bi8 Local. partiiershAPS in a Tange of locatTc>ns, hL.Ipin them to addyis1[)ng-tLrM social and economlc challenges. RiirAI Housiiis Eiiabler and Coiiiiniiiilty Led Sloiisiiig 1The imn)L.diate proximitir of London exerts a bis impacl on rural F3sLix and inflates the demand for hnusing. In some areas, average house prices are 12 ttnies higher than average earnAngs and significantl). higher than both the Lyuivale.nt fi&urc.. f()r urban fm'x and the national average. RCCF.'s Rural HousAng Eiiabler sLrvice lielps local comnlunilies lo identify n&¥ds thrnugh confideAltial Flousing Necds Surveys and thL¥n facilitates the development ol sniall-scale. aflordable housing schemes on rural exception sitLS tail()Ted i(> meL•t idcntifiL,d local need5. The outcome of this work can be Jife clianging for familie5 and individuals m.ho are able 10 5ecurLb an attTactively designe(I, energylficient homL) in the rural community where they llave roots and w ish to Teniain. TherL' arLs stratL'gic ne[its as 'ell as such schemes are good fnr tlie. rural ec()nomy and help lo inaintaii) local services and amenit1L. Deinand lor the Rural H()u.sing F.nablL)r SL)Tvice continued to increase in 2023/24 iyith 12 Housing Needs Surveys ci)mpletecl, a furtjier 5 in progress and 12 schenics in the delivery pipelinL. In a mayor stL'p forward this yL¥ar, the Department for the Environtnent Food & Rural Affairs {Defra) introduced a new, nalional Housiny Enabling l)rogramme with the aim of securing a Rural Housing EnaL)lei service in evtTry county. RCCE was successful wilh a bid lo Ihe programme. which wxll enablL> It to expand this 5ervire. in 2024/ 25 with tlie crealion of a SOnd RuTal Housing FnablL>r post. Alongsicle its work" 011 Tural affordable housing scliemes, RC-C.F is a paTtnLyr in Easterii LoJiin)unity Homes, a regii)nal hul7 for coniniunity leLI housin8 establislied by the six Rural Conimunity Louncils in the. fast of F.ngland. lJrogrcs4 ci)ntinui?s ti) . uiade in l.:SSL'X W'lth Ip0k'e coiitracls ne8olialed Ihi5 yLhAY M'ith Chelmsford Ciiy C".()unril and Maldi?n l)istrict Lnuncil. These coi)tracts will l)e deTivere.d l)y RCCE. Community Ilui Idings. Assets and Enterprise Villnge HAlls ty Cniiiiiitsiiity Biii141iiigs Advice Service. Village I lalls and other similar c(Inimunity l)uildin85 dre at the hearl of rural coiiiniuiiity life ID $SeX providing an accL'.%siblL' venuc, for an ennrmcius range of activities, eveiits and cliRbs thal catLir f()r all ages aiid iiiierests. Manabping a hall in thLs ivakL' of thL' pandeniic and cost of livin8 c.risi5 and keepiiig pace with cliaiigAng legal and regulatory requiTenienls can l)e challibnging f(Ir v()luntoei trustees, but RCCE remain5 on liaijd to help. Ihis year proN'idin8 advice ancl support to 260 nieniber halls. As ii'ell as fundiiig, p(IpulaT topics in¢liJLlecl ei1e.rgy v(ficieiii>i ajid Icgal and co[titUtIOnal i55ue5, wilh more halls k(xiii tc) attain Charitable Incc)rp()rated OTganisation (LIO) status tv c)ffset coJiceIits about truslee liabilil),. Witli RCLT providiiig suI)porl for local applicalioiis, 5c'vi¥ral r.5SL'X halls took advaiitage the iii¥ I'latiiiuni Jubilee Village I lalts fund. sel UF) b}, Delra ai)d n)attaEtscI iiati(>nally by Acti¢)n li'ith L-.omniunitit in Kural I:ngiland (ACRr.), Iliv. n&lioni)l a8soLiation <)f Rural Coniniujiily L-.oiincils. 6 FSSL'X ha115 w'ere successful w'iih fundiiig ai)pliiJti()n5 aiiil whLin a small 8raJits progrii mJ)ie i¥'ilS Illtrodiiced eaTI}i in 21124, Ki'l%('d(In In%titutL. IMan]1' tlic first liall in the ciiuntrji ti) w.cure funclii)8
THE RURAL COMMUNJTY COUNCIL OF ESSLX
A Chatifable Company Lirnited By GuaTantee
Registered Charity No. lo(19
DIREcfoRS' REPORT- ¢ontinued
I ACHIEVtMINTS AND PFRTrORMANCE- continued
Supporlins People in Need
Coi?iiiiii)iity Ageiils Essex
RCCE's Community Agen15 FssL'X servicL. focusses on helping vulnerable people and iheir informal carers;
eiiabling them to coiitinue living saf¢., happy. and Miell in their own home. li lornis an important part o(
the Essex Wellbeing &rvic.e, which drawing on lessons IL'3rnt from the pandeniir has since 2022 bToughl
togeiher a range of prL"vt'.ntive ancl early llilervention hL>Alth and well[118 Servil5. under the leaderslilp
of l)rovide CIC.
Cornlnuiiity ALTentS' W4)rk across all J2 districts/FK)T(iughs under the jurisdiction of Fs5ex Couiity Couiicil.
The teani CUrr1t1Y rompTising 31 agents handled a total of 6.290 enquiries in 2023124 and made. 7,778
refvrrals lo other orgaiiisations. Key arL>as i)f actii?it}' throu8houl the ycar included home safe.ty and
securit)i is$uL, the reduction of debl aiid p()verty anLI the handling of more than 1.500 Blue Badge
applications. Acrn55 all activitie5. 92% of clients considered that thelf Heeds had beL?n either fully mel or
sigiiificaiit progre55 had bEen madL Wlth a further 5% fecling 51)me progress had beeii achieved.
So¢iAI Isolatioii Aiid Loiieliiicss
'I'hL.'Unitecl in Kind, ieam of conimunil)i resplience c(paLlie5 are another coinpi)nent of the £sscx Wellbeing
Crvice th47t IS PTI)vidL>d by RCCE. Operatiilg at district level. tlie 14 coaches aim to bvild resilience in
comniui)ilies acr055 F.ssex and 5UPPOTI theni to tackle Social isolati()n and loiiejinoss ,hICh can be
experienced by people of all ages and background5.
C)veT thc, past Jiear, Ihe 'Uniled in Kiiid. team hLlpL.d t() facilitate niore Ihaii 13,IN)O acts orf kiiidi)css,
supported more ihai) b.OOQ v()luntLrs, and lielped t() secure niore thali £21,1KIO in lundii18 for local
commuiiity aclivilies. A nei%. initiative this year was'united in NaluTe'. a pr()granime of outdoor aclivities
or&FaniseJ fcir lA)nellnLs Amiareness Iweek. 'UnitL>d in Kind, will conliiiuL' l(i L>ncourage pl)ysical aclivit),
a5 a follovk. UP t() thc.'I'ind Youi Active. prograniniÉb which concliiLled in Marcli 2024.
Grou#iiis Coi)IlllUNltie5
RCC.r.'s ()rE).14]g Communities project focusses on chilclre.n and iho iniporlance of L.ducatin8 tli(Im on thc,.
benelits Df gi(iiving ancl eating liicall)f Scjurced food and caring fi>r nature and tlie local L'nviri)nment.
'I'hL> annual COEllF)etilion for sch()o1s, Ivhich is thv (()L¢il pnint of tlie project. was again eiitille(I 'Bee Good,.
It invilL.d cFiililrp.i) ti? Ile.sigii a plot h'liich would hi.lp encourage bees. C.o()persalL' and ThL'ydoii l)rimaTy
Schooj and Danbury Ilark Conimunily SchoDI M'Lire Te5pect4lFel)' Ihe wii)iier5 and runner-up. and all
participaliiig srhi)Dl% completeil a surve)p to ideiitify tlieir gardc.ning needs. Supi)orl f()[ the c(In)i)etiflion
was &e.IlL'fou51y provided l)y'fhL. Augustine Courtauld Trust aiid Kings C*ecl
Rural Voice. l)orlncrshTPS and Prosramme Delivery
Essex Riirrtl Partiiersliiii
RCCE iolltiiiueil tc) farilitatc. the rui)iiiiig of tlie I's.s1'k l
I'IIE RURAL COMMUNITY COUNCII. OTr LSSIX A Charitable Company Limlted By Guaranlee Registered Charity 1097( DIREcfoRS' RF.PORT- continued 2. ACIIIFVF.MFNTS AND riiiroRMANCE * continued Durin8 Ihe year, topics discussed by the partnership includ( PTl3VTes on the food and farming SLYtor, affoTdablL rural h()usin8, the Greater Essex Devolulion bid. the G()vcrnnienYs 'Unleashing Rural Communities. p()licy package and the Rural E4n8land Pr05pcrity Fund. A ¢105e Working relationship wa5 sustaiiied with Essex l)olice and ihe I)oliie. Fire and Criniv Comini55ioner reinforced by active promotion off the work ol the Essex Police Rural Engagement 1 eam. ERP is onc of 17 I{al or regional Rural & Farniing NetwoTks offACAally Teco8nised by DLfra. Meeting5 between the Rural & farniing Ne.'orkS and Defra Tesumed this year afler a pause duriiig the pandemic ' s r.xeculive Director represents ERP al these meetings. years. RCCr.' Poliry Jiifliie.Nciiig Aiid Repre$eiitAtioii AsidL from its role w'ith the F$X Rural Partnersliip. RCCE has extensive experiLmC.e of its owii in providing a voice fvy rural romMuniti to all levels of 8overnment and olher public bodie5 and as an active participaiil in strategic partnerships. xamples this year included: Continucd participation in the Soutli East Local Enterprise Partne.rship s Rural Workiiig Group. Fnga8ement with Essex Countj, Council'8 1kvelling.up Strategy tlirough the 'Levelling-Up Rural Braintree, iiiitiative. Ke8lSteiii)s supporl for tl)e Grealer F.sS(¥x I)LSVI)lution bid M,l)ich could poteiilially lead to devolved powers and (undinb> flir malters sucl) as traiisport, skills. and housTng. Ensagemenl with the ne.M, ftt>SL'X Lf)cal Nature ljartnersliip and represenlation on its ljoarLI and LLKal Coi)Iniunitie5 Illorktng Group. Participation li) tlio grajits pancl for ihe l)edham Valc: and C".<)a5t & HL>lItI)s National l indscapes 'l.arming in l)rotected Laiid5capes' progranlnie.. Some of RCCE'S influoncing M'()rk is (Trn()Ing in iiature. l his Includ provicling regular treiid5 and issues re.p(Irts and other Intelligen to ACRE under the tL%rni.s of tIiL¥ currL¥nt Defra/ACRE 8rant a8reemL)nt and .%uppi)rting ALIiE4 in its efforts to secure l0118-teTm invcshiicnl in Ilie natinnal nL'twork of Rufal Conimunity LDunc.ils. Riirul Eiiglaiid Prosperity fuiid "Ihe pfist year sllw t1 delivery of the Rural Fii8land l)rI)srity bund begin ii) earnst. FstablIsld by thi. Goveriiment in 2022 as a rural 't()p up for tlie United Kingdom ShaTed l)r05perity fun(1 (UKSPF.) and in elfecl a Tt'.plar¢meni fnr the EurOpall Union LEADER programmc. it providi £1 10 million in caFiital fuiiding c)ver hvo y£'.ars t() support rural busine55 and cnniniunity projects. lil Lssex, a5 in all parls of tlie counlry witli tiY()-ti('.T I(al %()VL?rnment, the fund is bvins niaiiaged by Distrii'.t Cc)uncil4. se.ven r.5svx di4tricts - Braijilrec, Cl)L.Imslord. L.olche51LY, r.1 piiig Fi)rLt, Maldoii, TeJidiinLW anil uitIv.bf()rd - weri: r)ff(TfL4d funLIii)bY allocatio1 aiiLI niost souglit ini)ut friiiii RC.'C"F. in clL*VL,I()F)ing their plilll5. MAldi)n l)istricl LDuiiLiI w'eiit further ai)J fr()m the iiutset expressed iJ)tcrcst in laKIng RLC"l- tc) a55iSt in dL.lii'L)rii)8 Ilie rfunil. 'I'lii5 I(anIe i?¥ jljlc. whcln Malil()n Siured £80,IKN) over th'o years fr()m MabVIIOX, fuiiclirig that enabled Il lo coiitracl RCCF. tl? SUFItNITi ihi, prc?mntioii and facilitati(In (>f tlie fuiicl. I<CCE iikipoiiiled a frograniiii4. ()fficcbr ti) fulfil tliis role in l)ecenilwr 21)21. vn¥ilbPel?IL'nt with l)usin(IS4LS 411i(1 iiiiiiiijuiiily byrouk)5 IRaft ii) tl)e tlLtyiV velir aiid the (irsl Rural Lnbylaild Irs1)erItY l.uiid 8ranL% iii th cli%triLt l%'LifLi ai%'arcle¢l iii MarLI12024. A total 01 £470,128 i.5 <lVqiilalil(' tn Ix. alli)cati'cl by tlie eiicl of 20?4/25.
THE RURAL COMMUNITY COUNCII. OTr ESSEX
A Charltable Company limited By C?uarantee
Registeied Charity N'o. 1097IX19
rJTRF.cfoRS' REJ>ORI'_ continued
3. FNF.RGY AND CAIIBON RTr.PORT
As the Lharity lias ii()I cnn5umed more then 40.OOOklVh of energy ii) this reporting PLirind, it quali(ies as
lom, e.ncrgy u54'T unilL•I thL'se regulati()IlS diid is nol required to report (?n its L'missio1, enpr&y consumption
f energy efficiLiiCy activities.
4. FINANCIAI. RF.VlkW
Financial Performance - Year to 3] Marth 2024
rroni a financial pcrsi)ective. thc,. charity's actll'lties are sildivided bL'tween restrictcd activitiLS and
unrL)StrictLxd activities. The restrictL..d activities are funded by ¥raiits and othcT donations which are
reqiiired tci . used for SPLtilic purposes laid dom'n by the donoT. Unrestricted activities are funded by
graiits, donations, contracl incomLD and oiher income receivablo., Dr 8Lsncrated, for ilie objects of the cliarityi
'itliout furtlier specified purp(>se. UnTestricted activities are further aiialysed betiveen charitable
artivities, d(InaliDiis and investmejits. The SlateniLint i>f I."inancial Activities vn page 15 of the Financial
Stalenients PTOI'ido.s an (jverall suinmaTy of the Restrftct<,d and Unrestricted activities.
Restricted Activitie5
I'he movements in restrictL,d funds tDr the year are sumiiiarised ii) Note 11 tu thL, lilli]cIal Statemciits.'I'he
dnnnrs, and specific acliitities tliat have they havc. fundL.d, are described eAtI)er in tion 2 of t]iis DirectOTS'
Reporl or in NT()te 11. In overall terrn5, during the. r.ourse of the year, (he cliarity received ,774,614 in
reslricled graiits and donatinns and defray1 £1,203,470 iii expenditure. gLneratin8 a dcficit for the year of
f28fi56. Wl)eJi addcd to tlie accumulateil surplu5 brouglil fori¥ard £48n,79Z the acrumulated surplus un
rListsicted actii'ities carried fori¥'ard £451,936 will be available ti) support restriclcd activitffie5 in 2024/25
ancl l)e.y()nd.
Unreslrict£d Cliaritable Activiti1:5
Duriiibv the course of the year, thc cliarily receivc'd £885,429 iii uiirestricted cliaritHbIe inc.i>me and incurred
£344.129 c)f C%PL4nditurL', 8ei)erating a surplu5 for Ihe ycar of £47.30ll. The activities funded lTry tliese
uiirestrict(xl funds aTL. described in SfYti()n 2 of tliis Direclors, Report.
DonatLons
l)uring the (-oiir5e of tlie year, the cliarily rcrL'iVL.d 13,910 iIi iloiiatioiis (i.c. gifLs niade (In a ilolunlary basi.
'ithout an)I significant benefit to tlie don()r).
Ini'e51mciits
The cliarity gɕnert)tLLI 4,372 iii ii)tv.res1 Iin its baiik deposits and invL%tmL>nts over tlie. course c)f the )ie
THE RURAL COMMUNrrY COUNCIL OF FSSEX
A Charitable Company Limited By Guarantee
Resisteied Charify No. 1097tKY9
DIRLCI'ORS, REPORT- Continued
4. 1',INANCIAL REVIEW- Continued
ssex l AKal Guvernmeiit Peiisioii heme
lii arriving at the ab(?VL' su rplus Dn unrestricteil aclivities, tlIL, T)irector5 liave continued to api)ly a truc& and
fair override of 5crtion 28 of liRS102; the l)irectors' reasons for making Ihis judgc?mL'nt are fully explained
in Ni)te 1.3 to these Financial Statcnients. I lad thL' charity applied SectAOii 28 01 r,RS102, this w<)ulil liai'e
led tc) an additional pension service tredii for the. yL'ar i)1 £40,IIOn aiid an interest credAt on thts nL¥t pensI011
of £69,OtK>.'I'hc actuarial n)arke.t value as at the jyeareiid was £1.833.OCK) (2023: £1,427,(K)U) a gain c)f £406,{.
However in accordancc with a.%SL't CL¥ilins rules the net defined pensinn surplu% lias IxJe.n reduced to 7L)ri).
'EThis would have niade no iniiiact on tl)() surplus for unrestricted activities iii tlie yeAr.
Risk Managemenl
Al each Df Ihoir mLYtings, the four14oard sulKomniitlces review. those aspects of thLI C()llipiiny's .Strategic
Risk Register wliicli fall witliin their reniil. Tht: majc>r risks are then tak'en to 11)e suE)svqucnt Board meeting.
Internal financial rAsks are minimised Ihrou8h the irnplementation f)f robtsst finaiicial control procediires.
ThL%e procedu re5 are regularly revieM'e.d by tlie Finaiicial Cojilrol L()mmittL'L' tn ensure Ihal tht'.y still nieel
the needs of the company.
Reserves Folicy
The company's Reserve5 Polic) requir RCCI'S n)iiiiniuDi unreslricted funds neitheT cominittL>(I i)OT
invested ii) taii8il)Ic assets (i.e. the company's minimum 'Trree Core C.horilalile Funds, or 'free Reserves,)
to be 5ufficieiit to enal)le the. cnnipany to niLt't its i)ext five montlis. direct expeiiditure oil its unrestrictLxl
activities. As at 31 Marcli 2024 tliis equatLd lo a mininiuvn requirL&mLsnt of £149,497 (2023: C145.869) iii
IteseTVL'S. Thc.. artual I'ree Reserves as at that dale an)ouiiti,d lo f279,243 {2023.. £213,316).
Investment Policy
ThL) ci?mpan}*'s oiierall inveslniei)l i)l)jeclivLiS are to create ijicomi. t<) as.sist th¢4 conipaily to carry Out ils
purposes consjstently year by yÉsar, witli due and proper coiisideratioii f<)r future neL¥Lls and tlie
mainlen
THE RURAL COMMUNTfY COUNCIL or ESSEX A Charitable Company l.imited ily Guaranlte Ilegislered Charlty No. 1097(K)9 DIRF,CTORS' RFIJORT- ¢ontinued 5. 1)I.ANS FOR FUTUIIE PERIODS I£CCE's CUent 4tratL%y rec()gnises a series ol cl)allLiiige.s r()mmDn ti? rural c(Imniunilfte5 thri)ugliout Essex. Thes(b includc an t)g('ini' population. poc)r aciess to jol)s aiid service5, incriasiiig develoiimimt pressure%, reduclion in volunteers. disproporlionale c()st-<)f-IiviTig increases aiid skwific challeii8es in adapting lo climate ¢haDgt'.. lil respoi)diiig to tIIc5e clialleiiges, IICCE w'ill updato its strategy as necessary and in Ihe coniing }'eaT will coriliiiue ti) give priority to four broad Area5 (If M'ork: Comniunity liigagenieJ)l aiid H()U5ing Cortimunily Buildings, Assets aiid Enterprise Supporting People in Need Rural Voice., Partni¥r.ships and Programme Delivery. In keepin8 WAtlI 11)e w(>rld ar(>und it, in 2023/24 RCC.l+ coiitiiiued to enierge fT()m the restrTctinns imposed by the pandemic. In peTSOii meetiii8s and activitiv.s incrL¥aseLI bul niany mL'tingS, i)articularly more stratL'gic iint7S. cc)ntiiiue to be conducled virtually. A new liyl?rid ivorkiii8 poliry i5 bL'ing Jeveloped for 2024/25 ivhich will pri)vide for a niix nf h(Inie aiid office H'orking (or c()ris staf(, incluilins substantial continued home worku)8. Th<) c(Ist-i>f-living crisis has impactgJ on RCCE'5 oivn running cc)sts ancl M.hilst it is fortunate in the funcling it reccivcs, njost notably in muSti-yLsar agreements iyith Fssex c.ounty Council aiid Defra, il 15 acut(..ly aivare that the current agreemen15 will CXiiilL? in Marcl) 2025 and w ill rcquire renewal fnT 2025126. 'lThat said, there lias tEeii iici dctrimLintal iiilpact (Trn tlie Llidrity's biidgeted inconiL. for 2023/24, noi on its. leiyels of working Lapltal. Al Ihe tinie ol approving tIiLi%e I',iiiaiicial Statement5, the direcl(>rs l)a¥ie a reasonable e.xpe.clatinii that the ionipany lias odequate T()rLeS to contiiiue in o&TatIonal iixisteiice for tiie foieseeable futurL', and thL'y continue t<) ad()pt the goi118 concern basis of accouiitijig as a rLult. Il is very apparL)Ilt in thL'5() iincertaii) ai)J unsettling tiilies tlial rura I cc)nimunAties in fsscx value RCCF. aiid tl)v supp()rl li provides in sustaiJiiii% and strL>ngtliening coninluiiity life 6. STRucfuRE. GOVERNANCE AND MANAGEMFNT Tht, Rural Lonimunity Couiiril of r.45L)x is a private con)P¢iny lirnited by guaTaiitee iiir(bTporated iii F.nglaJiLI and Ivales, re£i5tLTL)d ("i)mi)any i)uniber 04609624. The TL'gi5tL)fL,d office is Tlireslielford5 IlusinL%$8 J>ark, Inwortli Road. feeriiic. F%4('x C()5 9SE. 'I'he c4)n)i)any is also a regislered charity. cl)arity rt'.gistration nunil)er IU97009. The coiiipajiy 15 goiiLiriied b}1 Its. Nliimoraiiclum aJiLI Articles <)1 Associalii)n. RC"CJ7.'5 subscTibinbv menibersliip comijrisvi iiidiviclual iiieml)vr% ancl <'()rpiiralo n)enihtirs, the vasl i)iajorily of Ihe lattvi. IxTrji)y, village halls ancl parigh aiid loi%'ii coiincils,
TIIE RURAL COMMUNITY COUNCIL or ESSFX
A Charltable Company Limiled By Guaranlee
Registered Charity IOMKFJ
DJRFLTORS, RIPORT - continued
6. SI-RUCI"UIIE, C.OVERNANCI AND MANACEMLNI'_ Continued
Direclors/ Trnslees
'I'l)e. directovi wlii) liave lield office duri118 Ihe ye.ar arc• as fc)IIoM's.'
l)r J 1Settley JP Dl. fsA - Chairniaii
MrRJBra)
R Brice r)1.
Mr S R Bri¢e DL
CIIT C: ljutland
l)F C Dollery
Mrs S Dutton
Mr S L}Ister DI. - Vic.I, Ll)airman
Jlevd. Canoii J NiLliolls DL
M5 51)inkerton
Mr P Roix'.rts
Mr H h4 Stuclifield MBE, JI) DL
Tli<, direct()r& ()f tIILi CL)nipany are alsn charity trustecs for tlie PVTPQ5CS (if charity lais,. ThL, Articles i)f
Association stipiilatc tlial Ihe Hoard i)f Trust( can comprise up to 12 elected niembt>r5- all elected IrustCL'S
are required to be sub5CTiI)ing niembeTS ()f the charity. In additi(In lo tlie eleclcd nIeMr5, the Board is also
i'ntitlL.d to CL)wOPt ui? t(1 5 a¢lilitional inei))bers to meel the rLwuirc>mL¥nt for specialisl skills. At each Annual
General N4L'I:ting. (?nL'.third of tlie trustees11)olli el(rti.d and c
IHP. KURAL COMNIUNifY c".()UNC.'IL OF ESSf.X
A C"_harltable CrJmpan> l imlled Bv Guaranlee
Regislered C.harily No. IOfilJ)9
DIRr.croRS' Rl4.PORT- cnntinued
6, STRUCTURF., GOVEIINANLI AND MANACb.MLN'I'. continued
Company Secretary and 14onorary Officers
lie Q'.()nipan JI ¢creta r}, a nil Iq{yiiorar), ()fficcrs £lT£' elt'ctI'Ll/ri'.-L.lecteLI annuall}. al thL) first Bi&i)rd iiieL)Ii118
folloii'ing Ihe llniiual G('i){Iral Kltt)tiiig.
The Executive
'Ihe l. xv.i-ulii'e L)iiv('l(Ir, Nlr N 4IIiTi1loii(rt1j, lias ilelvgatv.cl aulliiirity frojii tlii. l%i)a TLI i)1 'fru5tee5 lo niil n¢igi'
Illi, Ilay-tf)-da)' i?i)vi-ati%)1).4 1)1 Iliv. ('liarity. Sittijig l)vntiaih thi. ].%Lut1tre l )irertvr. thv charit) s sldffiilb
sli iictiire is aligiieil il'illi Ilit, f<Fui i)ri1)rit, area5 of M'(Irk (Icfiiit'(l iii RC-C".'P.'s £traleg)', ui)Jati'. (%i¥i,%i:rtii)iis I
aiid 2 of tliis report).
In adilitioii lo Ilie l..xcM"Iiliii(. l )iA iY'.ti)r, tlie charilj prL).soJilly has 31 li1'lil-l)ASC'.Ll l (?iJiiiiui)ity ALlC'nts' ii'iiJkinb
In tl)v (lislricLs 1)1 ijiilesfnrcl, Braiiitrce. l ei)(li'ii)b, LcilLlieslei. N41i1iloii aiiil ('hL,Inisrf
"1'14E RURAL COMMUNrrY COUNCIL OF ESSEX A Charilable Lompany Limfited By Cuarantee Registered Charity No. 10971X)9 DIREoRs, RFPORT- continued STATFMFNT OTr DIRECI'ORS. RESPONSIBIT.ITILS Charity lam, requins thL. dirL¥tor5 ti) prepare fiiiancial slatcmtmts fol each financial year which give a true and fair vieH' OI the state Of affairs of tlie compaiiy 8nd ()f the excess of iiel income. ()r nf net exi)enditure of thv r()nipan>' for Iliat period. lii pre&)aTiiig tli()sL, financial stateiiieiits, Ihe directors arL' required to: select suital?le accoujiling policies and tlien apply them ccirn%istL>lItIy• makL' juclkwments and estiniates tlial ore rea50Jiable and prudent," state whe.ther appllcable accountiiig .stsindards and statemeiits of recommL%nded practicL. have been f()11()M'e.d. subject to any niaterial departures disclosL'cI and explained il) the financial stsleiiieiits: and prL'pare the. finaEicial statements ofti Ilie. govng cvnrern basis unless this IS Anapprupriate. The directc>r5 are TIPOl]sIble for keeping proper accounting TI'COTds 11,hich disclose with rL'asonable acciiracy at an}p timc, the. financial p05iti()n c)f Ihe caniprfins. ai)d enable Ihcni t(1 ensure tlihl thi. fiiiancial 5tatenivn15 comply M'ith Ihe Conipanies Art 2(K)6. '1'lie)' are also respo1ll}le for safeguardtng tlie assets" of thL' c(Impany and hence for takuig reasonable stLSPS for the prevention and detection of fraud aiid other irrc&rularities. i()
"I'IIE RURAL COMMUNITY COUNCIL OF F.SSLX
A Charilable Company Llmlted By Guarantee
Regislered Charily No. 10971x79
INDEPENDEWJ. AUDITORS, RFPORT TO"I'HE MEMBERS
OF7'11E RURAL COMMUNIIY COUNCIL OFESSEX
Opinion
We Ii£ive audited tlie liiiaiicial state.mLsnts ol Rurgl C(>mniuiiity Qouiicil of li.55cx Limited (Ilie 'rharity') for
the year en£leil .31 Ma rrh 2024 M,liich coniprise th(.. Statemenl of Fili}CJIl Activity. tlie Balance Sheel, the
Statenienl ol Ca5hf]OV4'S and i)ote5 lo the (inanrial t•tatL'inL'nts, incluLliiig significant acLounti118
policies. Tlie financial TC'.P(Irtiii&p framewDrk tliat lias }en applied in th('.IT preparation is applicable law
and United Kiiigdom Accoiinting SIAndarils, inr.luding l•inancial Re&)ortsng ¢?tandard 102 77ie liiiniicinl
R('ryJrtiiis, .Slniiiluril oi?rlrLRble iii Ili<. Uk niiil R¢'iiiihlir of Irclttiid (UnitL.d Kingdom Cjenerajly Acceiited
Accoviitlll8 Prarlicc..).
In c)u r ()piiii<)n tlie fiiiancial 5taten)ents:
give a true and faiT viehi of the stale o( the rharitable conipany's affairs as al 31 March 2024. alid
of its incomiiig rc50urc.cs aiid applicati()n i)f resources. including its inconie and expL>nditure. foT
the }iear then ended.
havL, blxjn propL)rly preFiareLI in accordanrL M'ith United Kin&idoni Geiierally A('('epted Accounting
Practi('e,' and
havLi beeji preparei4 in acc()TdancLb Wlth the requirenieiits of the Companies Act 2006.
Basis for opinion
We coiiducted our auLlit in accordance with Inte.wnational Standards on Auditii)g (UK) {ISAs (UK)) and
applicablL. law. C)UT TpOIAbillI1es under th(Js¢' stan(lards are further ilescribL,d in the Audilor's
respoiisibililies for thib Rudit L)f the financial statenicnts seclion ol ovr rLiport. We are indi'pendent ()f the
charitable c.i)mpan) ui accordance wilh thl. Lbthical requirenieilts Ihat arL' relevant to our audil of thL'
finanrial 5tatemei)ts iii the UK, iiiclud iiig th(, liRC's14.thi¢al qlandard, aiid we havL. fulfilled our olhL'r ethical
responsibilitiL% in accordance M'ilh Ihesc ruireMents. We bc..lievL' that the auLlit evidenre K'e liaiie
obtaiiied is su(ficienl anLI appriipriatv to pxovide a basis (c)i ciur npinion.
Conclusions relating to golng concern
In auditing the fijiiliicial 51at£ll7lL•nts, li'e liave c()i)cludL.d tl)al tlie trustees, U&Li ijf the 80iii8 conci>ni basis uf
accoujitingp iii the prep)aratioii of the financial 5tatL¥ineAits is appropriate.
Based on (hc M'()rk K'L, have perfornied. i¥'e havi¥ n(It lileiitified any mate.rial ui)cerlaintll TL.lating to events
or condilions tliht, xndiipid ually or ¢()Ilv.I'lively, niay casl significanl douLit on the charitable company's
abilily to coiitijiue as a SoiTig ri)n(i¥rn fot a period o(11 I lei75l twc.Ivc' nionth5 fri)ni whcn Ihc fin4incial
statc%me.nts arL) autliorised for issuc.
Qur ri)Sponsibiliti a nd tlie resi?oiisibilities 11)i. trust(¥ 'It17 respect lo goiiig c
THF. IIUIIAL COMMUNJTY COUNCIL OF ESSEX
A Charitable Company Limiled By Guarantee
Registered Charity No. 1097tL19
INDFPENDENT AUDITORS, REPORT TO THE MEMIIIRS
OFTHF. RUIIAL COMMUNfiY COUNCIL OF ESSEX- continued
Other inforniation- continued
'()rk" WL. have performed, we conclude that theré. 15 a Tnatc'rial misstatenient i)f tliis othey iDf()rmation, M'e
arc, required to Tepori th4t farl.
We liavc iiothing to report in this rL'gard.
Opinions on other matter8 prescribed by the Companies Acl 26
In i)ur i)pinion. based oi) the work uiidertaKeTI 111 the. ciivrsLJ of the audit.,
the infornialic)n givLJn in the. t)irLclors' Reporl for the finaiicial yé'ar fnr wllich tlie financial
Stalenieiits aro prepaT(xl is corLsi5tL'nt with tlie fiiiancial stalemeiits. and
the Direcl()rs' Report lia5 l)een prepared in accc)rdance. hpith applicable le8aJ requirements.
Matter6 on which we are required to Teport by exceplion
In the light of the kn()wlecl8e and UTiclerstan(lin8 of the charitable compaiiy and Tts eiivironment obtaineLI
in the course of tlie audit, we have nc)l idontifiLSd material rtiisstatements in thc Dtrcrtors. Report.
We have iiolhing lo report in reS.c[ nf tht) f()Ilowing niattv.rs in Telatioi) lo whicli tlie Conipanfte5 Acl 2006
req uires us ti) rep()rl t() you if, in our opfftnion:
adwuale accounting rL'rorL15 havc.. nL)t en kei)t, or relurns adLyuat¢J f(>r our auilit have nol l7eL%n
received froni branches not visited l?y us,. or
the finanrial statenieiits are not iii agreemc'nl ivith the accounting record5 aiid Teturns; or
cc'.rtsin discl()SUTL)s of direct()rs' reniuiiercilioii Sl)1f1e(I by law are nnt malle,. (Ir
we. havL' n()t receii'ed all tlie infDrniati<)n ajid explaiiations we requirLJ fnr our audit.. or
t]ie Irustecs i'CTe iiol eiilitled to PTei?arL' the finajicial slalenients in accni'clance ivitli thc siiiall
companies. Ieginie and lake advantag£'. (If thL' small conipanie.s' ¥xemptioiis in prLparing Ilie
-I'rustL)L&S' rep()rl a nil f roni the rv.quireiiieJit to i)rL'pare a slrategir r('.ii()rt.
RespoD5ibilitie6 of trustees
As e.xploinL'd niore lully in the Statement ()( directors, respon5ibTITties, the trustLS w.l)() arLb alsi) the
directors of the cliaritable coniiian J (or thc purpL)se5 of coniiTrany law, are respDiisililL. fcir the prei)aralion
of the fil11claI slateineiits and fi)r IIng satisfied that they give a true aiid fair view'i lind fDr siich iiilernal
coiitrvl as tlie trustee% dv.lermine is nLLessaryi to enabli. Ihc prL'paratini) of financial statemciits that are frls ?
from matL'rial niii>Statement, wliether due to fraud OT errnr.
In preFiariny, tli(. financial statemeiits, tlie trustees are respo1Ible lor a55essTng this ('haritablL' cnmpaiiy'.8
ability lo Continue as a g(iin% cc)ncern, dise. l(>sing, as apF)licable. matters re.latt,d ti) g()ing ci)nccrii and usiTIx
tIiL' goin8 concerii basis of accouiiliii8 unlc'ss IhL' trusteeq either intend tn Jiquidate tlie cliAritable comi)any
oi ts) cease operpti()ns, ()r have ni> realistic altertlative but lo <10 si).
Auditor's responsibilities foi the audit of Ihe finaneial statements
Wi, liavL, appoiriteil as auÉ1itors undei Secti¢)11 144 ()f Ihi, Charitie5 Acl 21111 and ri'F)orl ii) accordaiice
'ilh thi. Act ancl rL.lei'ant regu lativiis niailp (If havi118 effect tlicreundei-.
Oiir objectives are Iii ()Iitain Tl'.aii(Inabli' a4%iirai)ce aboul is'liellier tli(.. finaTI(-ial .4ldtLimeiiL4 as a i%,hole. arl.
free Iroi)i iiiateriiil Tlli551atciini?iit, K'li('thcii (lue to fraud (>r e.rriJr. ai)d to 155uc ali au¢lili)r's Tei)orl tliiil
includes Iiur c>PiiiiOJI. RL)&soJial)Ic ilSSLiraiice TS D hiLII) IL'lI(..l (>f Hssur4lllLe but 15 not a suai"antev tlial ali auclil
ci>nclu<-tt'.(l in acc()rdariie ii'itli JSAS (UK) M'ill alwia)'s clL.l¢'ct a niaterial nii551atemeiit w.li(bii it L)xists.
Misstal('ment% Lan arise fri)m fr¥iid c)r e.rror ic IILI are considereLI niateria l i(, in(ITVILlually ur iji IRit a&'trL,Xate,
tlloy could re
THE RURAL COMMUNITY COUNCIL OF ESSEX
A Charitabje Company l.imited By C?uarantee
ResisteTed Charity No. lo9719
INDIPENDENT AUDITORS, RLfoRT TO THE MFMBLRS
OFTHF. RURAL COMMUNITYCOUNCIL or ISSEX- continued
Audilor's responslbilities foi the audil of the financial statements - continued
The audit tesls, includTng planning procedures, adopted for Ihe audit (if these linancAaE statenients are
de5i&inecl to assess and detecl tlie risk uf iTTC'.gularities, includiJi8 fraiid. ()ur risk. Assessment of ihe
likelihood of irre%ularitii'% included the high degTee. i)f involvement ()f the experiL'ncLJd directors. wliicli
reduces tlie T15k of irrLsiYularitie5. '1'he en8ageAiient partncr en5UTC.d that the engagemenl tLaiii collectively
hail the appr()priati) conipetence, capabilitiL% ancl skills to idenlify or r(YObYllTse J)on_conipliance. ii'ith
applicablL, law's and regulations.
Mle ideiltified tlio law5 and rLgulati()ns applicable lo Ilie charity thr()ugh discus510ns W'ith trustLJS and
c)tlier niaiiagenient. and froiji our commL'rcial knc)wledge and experieiice of the seclor.
Mle focused on SPLfTfir laiv5 and regulatioiis w.liich M'c) considered iiiay havL' a direct niaterial effect on the
financial statements VY thL l)peratioiis of Ilie charity. includingT the Lompanies Act 2006. Charities Act 2UII,
Employmeiit Law. and r)ata Protection.
We. a55eksed thL' e.xtLbnt ol compIian¢e with tht, lam's and regulati(?n5 idelitified abuve through maki118
eiiquirics vf management. These V'ere coniniunicaled within thL' audit team regularly anil the team
remained alert to ijistance5 of nc)n-¢fimpliance thxouglioul tlie audit.
We identified the grealesl potcntial fi)r fraud OT nc)n-c()nipliance with law5 and r(.'gulations in Ihe folloiving
areas, and the specific prcyceclures Frforlned to addTe55 thLim are descrAid belov+':
Ive obtaiiie(l an undc.TStanding of the inconie procLSSS and tlic fRoM' (Trf (inanrial information ti) thc general
ledger and hom, this is classified as reslTjCted and unrL%trictecl.
Cut-off teslinLT w'a5 performed al the yL)ar-end (late by revTewin8 reveiiuc ivhich had been accrued for
and reveiiue that had beei) Tecognisea afler date to idenlifv any transaction ivhich had beeli erronw)usly
recogiiisell in tlie incorrecl pLiriod. I'hLi %anie testing V4?as Carrii'd (but for expen(lilure.
In linL) h'ith all audils ulider IqAs (UK). i¥e are als(I requiral to perforni siwific procedures to re5pI)nd
to the rlsk ()f ftiana8emeiit i)verride. lii aildTe5.sing thL> risk of fraiid Ihrough n)ana8e.mei)l override of
conltojs. iiie revTcwcd a¢.c<)unting recorLls for any unusual adjustnienL%.
Iti aildition lo thi ab()VL', nur i)roce(IuTe.4 t() rcspoJ)d lo tlie tisL' iLlciitifit:Il included thp fcillniving:
RevieivinL finaiicial statcinenl disclosuTe.s by testiiig to siip)porting dc)Lumt'ntati()n to asscss comp)lianc.L%
witli provi4ii)ns c)f relevant law's ancl rc'gulatic)ns descri as liaiiijis a direct L'ffLYl on the flliancial
statements.
Perforniiiig aiialj'iical prnri>duri'.% ti) ideiitify any uiiusual ()r unL'xpected relatioi)ships ilial may inclicate
risk of material Iiii55tateTtic'nt cluc. to frauLI.
enquiring (if mdn¢igeniL)Ilt coJicerninE artual ancl pnlential litigalion anil rlai111s, anil inslaiiccs of non-
ciimplianc.t. f()[ tlie year.
Be(-.ilUSV of tlie iiilieretil liniTlatii)n.s ()f an auilit. tliere is a risk thilt V&'e w'ill n()1 dctccl all iri'L'LTularittL%,
iilLluiliii¥ t1105e leading IIF a malLbl'ial niisstatement in tlie fii)aiicial stalL'niiint% i)r Iioii-coniiilianrL' '1th
rt'iFul<ltii)ii. 'I'hi5 ri%L iiic'rea.ses tlie more Ihat ci)mF)lianL 'lth a lai%, or regulati(iii 1.4 rvniDiicd froi)i (lie
evei?Is aii(I traiisa4'ti()iis refleiteil iii Ihe finii iirial state.niei)t5-. as w'e 111 l)c less lik<,.l)' til l)ecome aK'r1re of
iIISlai)ce5 of noii4.iinipliance. I'lie risk" is ill.$0 8realLr regRrdins iTri'.&Tuldrities occurrini, Llui. to fraud ralliL¥r
th
THE RURAL COMMUNITY COUNCJI. OF Esstx A Charitable Company Lamited By GuaTantee Registered Charily No, 1097LX)9 INDEPENDENT Auf)ITORS' IILPOR'I, I'O THE MEMBERS orTIIE RURAI. COMMUNI'IY COUNCII. OF ESSLX- continued Auditor's responsibilities for the audil of the finan¢ial slatcments- eontinued Use of our reporl Tliis reporl 1% made solely tc) the ch&rilt?blÈ compaJ)}I's niember5. a5 a b(>dyi in accordaJirL¥ WITth ChaJ)tL T 3 of Parl 16 of the LomF?Éiiiie5 Act 2006. C)ur audit work has bocn und*'rtaken s<) tl)at we niighl State to tlie charitable comFiaiiy's Riiembers thoso n)attL'rs we are nyuired IL) Statc to them in an auditor's rep()rt and (nr n() other rurp()se. TD tlie fullest cxtcjil perniiltc.d by law, M'e do iiot accept or a,$5ume responsibility lo an}roiic other than thiJ rharitablL? c<iiiipany and Ihe charitahl¢' ci)mpaiiy's illnir$ as a b()dy, fi)T our audlt 'orK, for this report, or fnr the (Ipinions we. have (()rmed. Miclio<:I C)ri'i'li¢' B.qc FCCA (St'jijiii. .%liiliiliinJ Atidilor) ror rtiiil illi htlilllf nf -Siwls Aiidil C'harterL,d ACcountlts stati}r) Auditor Slreets Au(lit [.[.[) Tlie Old FxchangL' 64 West StOLkM'ell Sireel Qolchester Ftssex COI IHE Date: 116-QL 14
TIII IIUKAL COMMUNrrY c.OUNCIL OF rssix A Lharitable Comp8n> Llmlted By Cuarantee Re8i$lered Charlty No. lo979 STATF.MFNT OEI &INANCIAL ACTJVITIF.S (including Income & F.xpenditure Account) YF.AR FNDFD 31 MARCII 2024 Unrestricted Restricted funds funds I'otaj 2024 Tolal 2023 Notes Income from: NTote. 11 Note 15 CharAtable aclivities -385,429 1,4111 1,172,114 2,50n 1,557,543 1,597,681 2.(Kiy DonatAons Investments Rents receivable Inleresl receiirable Realised Gaiii on i1lVL?Stnient 7,9.19 7,939 24,372 1.490 26.729 5.401 1,49() Tolal income 42n,64 1.174,614 1,595,254 1,&11,280 Expenditure on: Charitable activities 344,129 J.203,47n 1,547,599 1,787,7.58 Investment managenient Rental nverheads Iv 14,664 14,664 12,1P6n I Total expenditure 1,20.1,470 1,562,263 1, 799,878 Net ineome before transfers 61,847 (28,856) -32,991 (Iti8..538) Transfers bl'tween funds Nel income after transfers 61.847 (2ll,856) 32,991 (168,.5.38) Tolal funds bruu8hi forward 90i,676 480,792 1,386,468 Tolal funds Carried forward £967,513 L451,916 £1,419,459 £1..386,468 'J'liv ii()tes oj) P)418es 18 t(1 3? fi)riii i)iirt ()t the4e fiTldll( 1<11 slalL)iiicJII5.
TIIL IIURAL COMMUNTfYcouNCIL OF F.SSEX A Charilable Company Limited By Guaranltt Registered Charity No. 1097(M)9 BALANCF. SHEET AS AT 31 MARCH 124 Note8 2024 2023 Fixed assets I'angible asseL% Inveslment 688.484 (792,767 10,000 688,484 702, 7(17 Currenl assets Debtor5 Cash ai bank and in hana 67,08.3 726,799 206,166 .526,342 732,508 Creditors: amount8 falling due within onc year (62,907) (48,808) Net current assets 730,975 683, 700 Total assets less curreni liabilities 1,419,459 1,386,468 Credilors: amounts falliiig du£, after more thaii niie J'ear N'et assets ,419,459 £7,.386,468 Restricted funds ij 451,9.86 480, 792 Unrestriclcd funds Designatecl capital fund FrL'L' Cl)rL' Lliarilable funds 12 688,2llU 279,24,3 692,.160 27.3.,171? Total funds £1.419,459 £7,.386,468 A[IprovL)(I lili tIIL, B()dfLI i)n 5th Julie 21124 ai)d SI)eLl (Jn its bL,l)alf l)},: l)r J ljp.ttlv.y J1> l)I. P5A {L riiian} ThL' IlOtI'S 01) pases 18 10 82 fiirni Vdl"l ¢)f Iliese fiRiaiicil1 I slal(SlllL'nts. 16
TIIE RURAL COMMUNITY COUNCIL OF F.SSF A Charitable Company Limited By Guarantee Registered Charity N'o. 10971x19 STATEMENT OF LASH TrLOWS YF.AR F.Nf)F.D 31 MARCH 2024 Unrestrieted Restricted fund5 funds Totall Notes 2023 Note 16 Nel income as per the latemenl nf Financial Activities 61,847 (28,857) (7()8,538) AdjustmL'nts fc)r: Rents rccoivable InlerL'st rLxeivable Rental overheads payable Depre.ciati()n charges Decrease/(increase) in deblc)rs Inc.rease/(decrease) iii crcLlili)r. Net cash provided by operating activities (7,939) (25,862) 14,664 4,284 (18,810) 7160 (7,939) (25,862) 14,664 4.284 131,705 14,.824 (26.72J<) (5,401) 12,060 4,284 19,.f 73 (57.160) 150.515 6,464 128,122 164,]66 (221,317), Cash flows frorn invesiins activilies: Rents recL'jiyed IntL)rc)st reLeiveLI RealisL.d Gciin on Ini.'estmei)ts Re.ntal c)verheads paid Net cash provided by investing Activitie8 27,,344 5,401 24,372 1,490 (14,890) 1,490 (14,890}1 (12,246) 26,290 26.290,. 14,499 Lash fluws from financing activities: Mnrtga8e rcpaymcnt. (189. 7.36) Nct Cash used froni invcstments. 10,00 10,oou Net cash (used in) financing actiirities 10,noo (99.136) NL'I ¢hange in Cash 72.3.74 128.122 2110,456 130.5,L)411)1 Cash balances broushl forward 215,019 311,.1?4 526,341.. 83? 2Jl I Casli balances ¢arried fi)rward £287,857 £439.446 £726,799 152(7,.14.4 I'lii. Tll)tc*s i)n Fi£iKe5 18 til 2? (CITM [liirl Ill tliese fiiia i)i'iKII sltilE'IiiL?IIts. 17
THE RURAL commuNy COUNCIL or ISSEX A Charitable Company Limited By Guarantee Regislered Charity No. J097(K19 NOI'ES TO I-IIE llNANCIAL STATF.MFNT.S YIAR ENDFD 31 MARCH 2024 l ACC'ouNfiNG POI,ICIES Ilnses of Accouiitiiix Tliese Fintincihl StatL)nicnts liave been p)repared un(IcT thL. histvrical cosl conveiiti()n aiicl ii) accorddncL' Witli the Compaiiie5 Acl 2006, They forn) thii arci)unts (If the Rural Loni mui)ily C.()uncil i)f P_%SLlX (RLLb), a public benefit entity as defined by FRS102 (II)L. liinancial Report1118 Standard apF)licable iii ihe UK and RL'public ()f Ireland). At tlie tin)e ol appruviiig these tiiiancial Statements, tlie directo have a Tl'a.Sfinable expectation tliat Ihe com})any has ai1equale re.s(IUTce.% to ronliiiue iii operational existence foT thc (()reseeable fuluro.. 'I'hL'y conlinue lo a(l()pt the g()ing c(?ncLiri) basis of accounluis as a result. ii) Prcseiitdtioii curreiicy ¢iiid roiiiidiiig I'IIL. financial statements are prepared In sterlin& wlitih is Ilie funclii)nal currency ol 11)e charity. MonelaT)' am(>unLs in thLe financial statemeiits aTe roundixl to the nearesl £. iii) Recogiiitioii fiiid nllocatiipii of iiicoiiie uiid exi?e.iidittiri' All iiironie is accounted for on a receivable basis, nel of any ai)plicable IT AT. F.xpc4nditurL IS acri)uiit(..d fc)r (In an acLruals bilsls. All income and exrendire is allocilted to a particular activity w.l)L'rL it relates directly ts? tli4lt activily. Support functsojis (iJKludin8 finance, hun)aii resourccs, facilities nianagenienl and g()vL'rnancL') arL¥ app<)rtioned across the activities that the functlolls SUPIIOTI. OverhL'ad c<>sL% (including office runni118 Costs ancl c(Fnsuniabl{ss, infurniatii)n tvcliniili)8)', ilisuiances ajid affiliation fees) are similarly api)oitioned. Tak'en Ivgelher, all IhL'.%i c(Fsts' are. rL.fL'rred to as'5upport costs. in Nole I to the liinaii¢ial £latei?ieJits. Tn the c'xt¢'i)I that aclivil)'_relatecl funcling abvrev.nie.nls allow, supporl ciists are apportioned lo activilies based oli tl)e full-tiiiie e4UTvalc'nl nilieT nf %taf( Lsmplo}Fed V¥ ithin that aLtiiiity. iv) Fuiid ficcouiitiiig Unrestrict1 tuncl.4 c.(Jiiiiirise grdllts aiid doJ)ati0115, Colltracl iiic(?Ine and olhei incun)(' rLic.L'ii'alil('. ny genL'rati..d f()r thL) i)lijeLts of the cliarily %%'ithoiii further sp.•(1&d puri)0se. IEI RCC.r.'s ca5(. Iliis jiii-lucli¥.s thL' Lharitjt's core cuniiiiissii)nin8 8runLs froni Fsse.x Lou nty Council and r)efra (tlic Department foT Fiivirc)nnieni r()c?d & Ilu ral Affair5). boll? of w,liich are ap})lied acr<).ss all the cliarity s obiecls (ind arc, fiilly utilised oveT thi, COUTse ()f tlie year. UIiTestricl£'d funds w.hich are not utilised (lurins Ihc year arc carried foTMFard as gcJni'.ral funds. t)esi8iialed funil& arc iinTitrictc¥(I flind% q'.arniarked by the directors lor i)articv lar i)urp()sey. Restricttil fiincls are graiils ()r (Trtlier d(Inati¢)n.s H.Iiich are reLiiiirvil t<) I? u.svcl for siiecifii. purposL4 laiLI dowii by tlit doiior. li) LoJig-1l'seI1o1d iiroiierty Iicc.r. occui)ies a i)uri)()sy. l)uill' ofrlice al I'l)resliolfords IIutr¥inL'ss Pai k iii fleering. h(.ILI undt'i a ()99 J LOT Ip.asLi aL4uifi'.Ll iii (k"tqiL)er 2006. The buildins is lield lor operatii)i)al lise as a taiigiblc fixi'cl asst't biit. fr()tii tinic. hi time, if Ilip e(FIiil)¢liiy has iiisufficieiit 5taff/aLlivilies to fill tlie ciilirt, l)uililiiig, sL)clions ol tlie l?IiilLliiig aT¢: riiit('.¢l iiut i)n.%l)Drt-terin oF)c'tatin&v lease5. Ilix aus Ili¥re is iio loi)g-terni iiiteIitioii lo holcl thi, l)uilclinb fibi inve.stniei)t })IJTPOSL'5, aiid iMYaust' tlic, fair valiie ()[ Ihe rentvd vlemL¥lIt of tlie l)LiiILliJ)g is varialile aTiII cann4)t l?e Iiieasiired ii.li¢41i1N' 'illi(iul iii)Iluc' (".ii.%t, it 1.% thL' COtiipaJi! s i)oliLy to accoui)I for Ili(, L'ntirv l)uilLIAII8 as loiig- lib41%l.li(JlLI i)rcTri)(brh. Ivitliiii langilile (ixv.J ci.%%eL% {seL Ni)IL. 4), 11) aciordiincls 'It11 tlie qtalLiiienl )f Recoiiiii)i)IlclL'd l)riiclice (F l<%ll)2). tlii.. riillta l in< i)mL, froii) tlie priiw'Tty is sei)8 ratv.l)' LIisL105ed ii) tlie qi¢lti)Ine.i)I (if fiinan¢'ial ALtivities, al¢iiibT5ide a fAir %h1¢ ro nf Ihc., i)vi'.rlii'.acl cli.st aS%lM~iatvil M'ith iuiiiiins IIIL, bli ildiJi%. 'I'lie luture niiniiiium rplital reLeRiIIs iiri, Il i%rl(is('cl iii l¢)tL, 9 til tIIL> FiiiaJiLial St<ltenieiils. 18
'J'I4E RURAL COMMUNITY COUNCIL OF ESSEX
A Ch•ritable Company Limited By CuaTantee
nesisteied Charity No. 10gilKI9
NOTES TO THE FINTANCIAL S"J'A'I'EMF.NTS
YT.AR ENDF.D 31 MARC14 2024
I ACCOUNTINC I)OLICIFS - continued
vi)
Deijrecifitinii
Dv.PTW'iatioii is piovided ai ihv fi)11()Iving aiiiiual rates iji OT(le.r t(1 write off eacl) 'higli-ialuv'
assl't (ci)sting in excess of £l.000) oiiL'T its Lstimated usefu I life..
I,(pn& IL:aseholLI bu ilLlin8
1% on TevaluLd aninunt
Loiig leascliold land
Zero
()ffice equipnienl
15% ui) ci)sl
IC], hardm'are & soflware
25% on cost
IXturL & fittTTig.s
IO% on cost
Ai)y ()ffice equipnictil, ICI. hardw4lTL. & sofh%'are ai)d fixturcTr.s & fittings thal are specifically
finanLc)d by restricteil projecl funds art. full), writteii (>ff ii) tlie year that thL' L)xpenditure
ocrurb,
iijj)
All the coiiipaiiy's liiiancial clSS('.ts' and fiiiancial liabililies arL, 'B¢lSl(- IYiTiaiicial In.4triiments'. a5
dcfine.cl in )CtIo17 11 ol FRS102. Acc()rdingly.-
All tht: c()nipany's fixed assel Invi'.stmLinLs are iiiitially nieasiircd al transaction price
f.xrludiiig transaLti()i) i'l15- and w'iJA iKt suI)5equently T7iLhasu red at markct valuc at ear.li
reporting dale. Chang( in n14aTkel value are recognisccl in nLJt inccJmv./ (expciiditUTe) f(TrT
tlie year. Traiisacti()ii c.(TrstS afL' L'xpense
THE RURAL COMMUNTfY COUNCII. OF ESSEX A Charitable Company ljimited By C¥uaTanlee Registered Charjty No. 1097LK)9 NOTES TO THE FINANC.IAI. STATfMENTS YF.AR ENDED 31 MARCH 2024 I ACCOUNTING POLICIES- continued ix) l)eftiied coiilribiitioii ijeiisioii sclieiiie. I'lie conipany parti('ipatis in a defined coiitril?ultoii pen.sil)Ti scheniv fi)r all qualifying eniiiloyce5 wh() arl. nnt mLJiiibers (Jf Ihe Ilefined benefit F)eiisjOII schLimé.. lThe a55ets of Ihe dvliiied coI)tribulioii schenic are hc'lcl SL'parate.ly from those of tl)e ciimpan), in an indL'FL¥nLlently adniiiiistered fujid. r.niployi'r c(Intsibiitions a re char&?¥.d in tlie accoulits a5 they IM¥-ninL' pa)yAble in 3CCOTdance with Ilic rules of tlie schL'liie. I'he cc)n)paii}' is a charity Witl)iii tlie nie.aiiiiig ol sectioTI 5(16(1) ¢)f tl)e Taxe.5 Aci 19118. AccoTdin&FI)', th£, ci)Tnpany 14 polejitially exenipt Irotn taxati()n in rL'spect i)f iiicoiiie or capital gaiiis re(e.iiie(I wiitliin tjie ratL'gorie5 covered by ti()n 505 of the Taxes At-t 1988 or Section 256 of tlic Taxatioii OF Qliar8eable Gains Act 1992 ti? tlle exteiit that such incorne or ga ins ar appliÉ,.d to exclusively cliaritable p13rpnsVS. 2 INCOME FROM CHARITABI,F ACI'IVITIF.S 2024 2023 AclAVI Comniuiiity Ei)ga8eIiieiil Rural I lousing F.Tiablv.T servic.e VillagL. I lalls AdvicL' &hr%iice Rural F.nglaTid Pr()5PE'.i'ity luncl Malllon Qoii)ii)uiiity A%ei)ts ' l)rovide' UniteLI in Kinil ' I'roviLIe' GroM'iii&, Conimunitis Slralegic li)fluenciTig and Parfr)(¥rship lQlorkin% r.ii)d Ynur Active NTIIII Biby LI)Cfi1 CoIiiiiiiiiiity Si)aces N11 lJi&i l.(>cal Graiits Nllll IS£% Local l)arti)eT511 ii? Support Nllll Big Local W'elll*'ing NIVI Ilig l Ociil Young, PL¥iipIt' NWI Bi8 l.uc-al RCCE LoJitril)utioJi L)efra Ilural 14ousing Prosraiiinie L()viil Iluildiii&7 Granl 81,U16 76,9&3 47,110 4a,000 b15,(W3 92.908 66.996 47,376 614.641 389,419 2..5()O 147.81CI 140,q39 g(),OIK) 7,OQU 2,500 114,850 6.15Q 16.500 2.550 2.3fF.02.5 £1.5.57,541 £1,591.681 Thv ¢il)¢)iie fiy)Lires include tlie fc)Ilc)ii'ing 'gi)vvrnnM'nl y.r&ini.s': )urL'e Aclivity, '.44¢Trx Q.i>unti' LnLII)L"iI Lssex Loiinh. Q-.(IvnL'iI Df.TrRA Illia AC'I41,'1 DEFRA Ii'io A('Rl) l)i4lrii I/B(Irouy,l) ctsuni.ils Coi'id Buililijis tsr4int All unrcslrirlcLI Dilii'itivs All unTe5tric'lfxI ities Kiirul 14iiu4iii}s Priigrai)Inie Riiro114v115ins l..nrfilllT 2.3(5 025 I.fj(I,IK19 46.875 15U.IKKI 46.875 5.000 101411 Goirpri)ii)piil tsrdTItS L220AIII £4.37.LlOO 20
'I'HE RURAL COMMUNITY COUNCIL 01.. ESSEX
A Charitable Company l.imiled By Guarantee
Registered Charit) No. lo(1)9
NOTES TO THF. FINANC.IAL S'I'AI.EmErS
YEAR ENDED31 MARCII 2024
3 EXPENDI'IIIRI ON CHARrrABLL ACI'IVII'IES
l)irect
costs
Support
cost5
Total
2024
Year lo 31 Match 2024
CommunTty Tr.iiga8emei)I
Rural Housiiig P.nablL'T &.rvicL'
Village I lalls Advice SeTViCC'
Rural Fngland Priisperity Fui)d Maldon
Grow ing Cc)minunitiL'5
Slralegic Influe.ni'ing and I)arhiepahips
C()mmuiiity Ageiits 'Provide'
Unitfd in Kiiid ' I'rovide.
Covid Building GTaiit
Fiiid I'our Active
)cial Jsolation CompuleT Granl
NWJ Big Lolal Lomniunit), Spaccs
NWI Big l.ocal Grants
N'.Wl Big Lc
THF RUIIAL COMMUNITY COUNCIL OF F.SSEX
A Charliablc Company Limiled By Guarantee
RegisleTed Charlty No. 1097(rf)9
NOTES TO THE FINANCIAL STATEMIKI'S
YF.AR FNDED 31 MARCII 2024
3 EXPENDJTURF ON CHAII11'ABLE AcrtvtTIES - continued
Salari. and oii-COStS
"I'l)e average nUnIr of 51af( L4npl())ped during the )'eaT was 61 (2023.. 63). All the couipan). Salar
and i)n-C05ts are included in l(Ital exp)eiiditurc on charilable activitics. a5 follows".
2024
2023
14lage.4 and salaries
rrnplc)yer's national insurance conlribulions
r.mi)l(iye.r's cnnt'ns - £lL,fined benefit pensiL)n sclieme
Imployer's contril)utions - dL.fTnL.d c.ontribution pensioii SLhen)e
960.056
54,639
105,440
11.044
842,978
4.5.076
96,449
10,341
.1 (>tal salaT}r aiid onwcosts
,131,179
£994,844
l-lie above figures inclijdv accrui'.Il h()liclaJ' paj of £24,419 (2023.. £13.(A3).
()ne eniployee earned ni()re than £60,000 F)er aiwuni (2023.. one). and n() Lsmployee receivcd any ntlicr
bci)cfits froni the cunipany (2023.. ZLsri)). Ilie above figures siicludc 531ar)i and eniplnyer's PL)nsioi)
contribuliojis lor Ihc F.xecutivL, Director of £64.491 (2nl4.. £6(1.585).
Direcl c(>sts include grants Èiaiil ti) Ihirtl P
THF. JIURAL COMMUNITY C.OUNCIL OF ESSEX A Charitable c.ompany Lin)iled By Guarantee IlegisleTed Charity 1097(XYJ TO"II.S TO I'IIE FINANCIAL STATFMFNTS YF.AR ENDFD 3] MAIICII 2024 4 TANGIBT,F. TrIXLD ASSLfS Long- lea5chold priiperty Fixtures Office equipment hardware & snftware fitlings Total C"o&t/ Ilaluation As 4211 Ai)Til 211?3 and 71 N4arcl) 2024 725,IN) I t5.C)12 2,611 4.704 750,927 Deprecialion A.$ ai l April 2023 32,&10 18.612 2.611 4.296 511.159 Cliarge for perioil 4,080 2n4 4,284 As al 31 Marrh 21)23 36,720 18.612 2.611 4.51)0 62,443 Net book value A5 at 31 MarLlI 21121 L692,,36U L4n7 tl192, 768 As at 31 Miirch 2n24 £688.280 £2(H £688.484 I'h(. liiiig-IL*aseliold F)rovrt)I comF)rises a ' F)uri)c).8(, l)iiilt' ()ffice al -I'hre51i.lI{)rd4 Busiiiess l)ark' in FIring, hc,Iil ui)der a gyg year ac4UiTed iii (k"lol)er 2006. I'he pr()pertyF aS revaliied. In accor(lance ivilFI 11)c' rurT('.Ilt tjclitiiiii i)f thL, Iliiyal liistitule ol Cl)arleri'il £urvcynrs' U K a nd global &iro(e5sional stcl111111fLls, by sin iiidei)('nLILSI)t valiier. Fenii IllribvT)t LliarlerL,d Surveyors, in April 21115. I lail tliv. l()n8-ILsasLliold propcrty not beei) J'evalue(l in ArrTI 2015 its carryijig (nel book} valiie at .ql N4¥trcl) 21124 1(ul(l liave boeii £%44,689 (2023- £849,916). 5 I.'IXLL) AssFf INVESTMENTS 2n24 2023 mark.et Ilaliiv al 01 ilpril 2023 Aclll itii)n% r)i4pi).sal 10.00 io,01)o (11,4911) 1,4911 Ui)realisecl Gail) .Mai'Ki'.t Klaliie al .41 Nl<] fLlI 2n24 111.iJ(xJ 23
THE RURAI. C.OMMUNrrY COUNCII. OF ESSLX A Charitable Company Limited By Guarantee Registered Charity lio. 1097iN19 NOTLS TO Tlll fiNANCIAL STATFMENTS YEAR ENDED 31 MARCH 2024 9 AMouKfs RECLIVABLE UNDF.R OPERA'I'ING LIASES 'Ihe compan}r's iiiiiiimuni futurL) rental inconie - rtTrc.eii>abEe froni teiianl5 of the ThrLiShL.Iford5 BusinL%S l)ark building - is as folloh'5', 2024 2023 RLreivabli K'ithiii l year Re¢eii•ablc, IM•tW'L'n l and 5 years 17.07(1 13.838 124,Y08 10 AMOUNTS IYAYABLE UNDF.R 01)EIIATING LIAS15 I'lie compAn) s iiiiiiin)um future Tental liabilitie.s is as follows: 2024 2023 Paiiable withii) J year PayablL, bet'een l aiid 5)'ears 656 2.816 7.067 £4,094 £1, 723 2.5
THE RURAL COMMUNIIY COUNCIL OF FSSFX
A Charilable Company timiled By Guarantee
Registered c.harity No. J097iN)9
NOTES TO THF. FINANCIAL S'I'ATt.MENTS
YF.AR ENf)F.D 31 MARCI12024
11 RF.sJ'iiicfED bllNDS
F.xpeDdilure
Aclivltl
under-lak'en
dire¢tly
Cranl
Cundin%
of
ctiyities
Balance
J AprAI
2011
Tolal expenditure
BalancL'
31 March
2024
Totsl
incomL
Restdcted Attii'itles dLxrlbed
In the Directors, Keport
coll)UnIty Agoi)Is'Pro%'idv.
Uniied in Kin(1 'Provide'
Find )'i)ur Activ
S()Ljal lsiTr13liim c(11putLr Cjfdnt
C.i)vid clinilun1t> BuilLliiis I'uiicl
C*ri)isins CLiinmuiulies
Lk.(ra liHI. Pro8raDime
N'IVI 6iy. I
141.46
57b.017
292Ik13
57h.liJ7 | IM.512
29>,>?]
19i.918
iiv,iy4
2iJ.4111
.195.9.48
91) (XMI
171kl
45MI
1.0.
.142
I79.ffi8
6,492
8(
151x1
.7.440
119.47
1¥,25b
2.414
45
12937
18.
7.5i(i
R¢$lricied Cranl-hlaking Fund5
'5urvii'iiig Wiiiler pdI Pur.
'NaluTal Fmi¥jriinrnvnt' PrLj&I
5¢)2
t>.7(K)
L4BiI,792
£1.174,614
£1.111.3.291
Ll,21B,47LI
L4il,gkn
Reslri¢ted Grant-making Funds
'SiinijiJiiix 141iiitvr AiiiieAI Fiiiid,
Tliis fundin8, F)rovidL,d l)}1 thc E55ex Coinmunity Founclalion, is desibTneL1 to aildTL%.4 sli()rl-tL&rn) issue5
i)f fui..I ii{)i:erty, by makiiis siiiall grai)ts lo people iii iie('cl. a$ iLIL'lltifieLI thrc)iibih tlic Qoiiiniunily Agents
F4SCX S(¥rvire. ()ni' grant M-. as nia(le cluriyig tlie yéar. Projecl iiow elided.
'NdtiirAI Eiivir()iiiiieiil' l)roject
'I'his bTiaiit has Ien pr()¥'iclvd l)), Ftssex Coiiiity Coiiiicil to (und a PTC?jCYt that w'ill assist ivilh thr
clelii'ery of I'riority 1(1 i)f tli(: r.ss(%x J
THE RURAI. COMMUNfJy COUNCIL OF ESSFX A Charitable Company Limited By Guarantltre Re8i6teIed Charity 10YI(J9 NOI'LS TO THI FINANCIAL STATEMENTS yt.AR ENDID 31 MARCH 2024 13 DLliJNED BENIFIT PENSION SCHF,MF. RCLF. parlicipiltes in the Essex Local Governnient Pensioii khenie (P5>, a mu ltivLsniployer defini,d beiiefil stolutory pen5iozI schenie adn)iiiisterL'LI b), l.'s.%L%X County Council. The schL'nie ha5 been closed lo nLiit mLinihL¥fs biiice 3151 May 2016. Siiice 31 Marcli 2018 tlie l)IlLYt()r5 havL' nlacle. thL. li)Ilowin8 judgen)ents in ri•sp(rt rf)f tlie cuinpany's Balance SheLbl reporting: l. Ojigoiiig valuation - ri>p(>rting a PL)nsion a55el accounl would hav<, Ixy'n wron8 (1?T man}1 reasons incluclift18 Ihe trustv.es Tesp()nsibilitie5 for prudence, the lack of Ilkeliliood c)f ¢i)nvLbrsion of a balance slieet a55et to cash aiid tlie lack ol any uiidi¥rlying clL¥tail in tl)e actuaryi's 'ongoing' report. 2. 102 valuatii)n - repL)rting a pei)si()n lial)ility ivould also iiol have beL"n "triie aiid fairf, as il was felt clcar fron) c)ngoing valuati()ns that RCCE lia5 no P4cluaJ pension dL.ficit as n(Irmally niLbasured. I'he liistilule of Chartered Acr(iuntants in England ancl IVale5, in their guidancL¥ oi) PILS1 D2, enipliasises that "true. and fair" lia5 to takc F)recedeiice ovcr finiincial repoTIii)s 5taTrdaEds. -3. The only "Irue aiicl fair" approach V+'a5 lo recogni.sp. nÉ'.ither an asset nor a liability in tlie. Ilalance SIILt, but ti> acc<)ui)t for eniplo)ier cojitribulioi)s in Ihe. StatemL'nt of Financial Activities as tIiL'y becnnie pa)'able iii aLciirclance. i%'ith Ihe rules of Ihe schcmc. ,Nothii18 has chansal to per54Jil(le tlie r)ir(tI)r5 tliat the). Should i)<)1 ci)ntinuLI to aFiply this truti anLI lair {>i'(hiridLI ()( tiO17 28 of fRfjII)2 ti) tlie cnmi)aiiy's 1411n(la] SlalemciitS. A neiv oji8oiii% ll¢)111¢ltj{In li'as c'()mpletcd as of 3151 Marr.h 202,8. Curreiit fuiidiiig posili()ri 115 folloii.-s- Ongoin8 IRaluation 2023 frRS102 2024 FRS102 202.3 I:inai)cia! assumiitioils Sala ry increa%v.s ljensicin iiicri'asci4 {Ll?l) Discoiinl 1471£. .3.51)% 2.90% 2.9n% 4 911% 2.85% C)i)gc)iiis Valuatiiin F.RS102 ItRS1O2 2n23 2()24 2022 1£2,193,01111) (L2,143,0(Ml) {£2,040.nOII) £2 lJ37.UOO LI,981,OQD L?.467.(N)O (1,838,000) Prese1){ Iv(Iliii' (If (IL,fii)ecl l)eiiefit lial)ilitiv.% air Viiluv_ of fuiid ¢lssets Tnpa<'l (If a%%Lit ceili1i8 Né'l dL,fin('cl I1]efIt Pe.t)sii)ii asSLI/ (li471>ilily) £744.(1(11) 1,427.UOQ 27
THE RUIIAL COMMUNITY COUNCIL or Issix
A Charilable c.ompany Llmited By Guarantee
Registered Charity No. IOYILK)9
NOTF,S TO TIIL fiNANCIAL STATEMENTS
YEAII ENDED 31 MARCH 2024
13 DLTINED BENEFIT PENSION SC.HLME- continued
FIL£]021115jtsn vftlualioii as at 31 March 2024
The inF()rniatioii l?elow TS takei) fr()n) ihe actuary's TrR5102 pension valuatiun ils ilt 31 Nlarch 21124. and is
provided to eiial)le the TeadeT tc) uncle.T%tand how the company 5 Balaiice Shty'ts a5 at 31 March 2024 and
31 March 2023, aiid StiileniLS1i1 of Fiiiancial Activitie5 {9)fA) f()r the yetirs tlieii eiide.d, M'oulLI have looked
if tl)e Direct()rs liad dty'idecl to valuc ilic com})any's pcnsii)n liahTlitlLiS and as%.t% using athiarial
assumpiic)n,% thal L<imply with Section 28 of fRSJ 02,
To arrive al tlic IlLC.,,5 PI<S102 ppn%i()n valuation as at 31 Marcli 2024, tht. sche.me actuary, Bariic¢l
Ivacldiiigliaui, apF)lied Ilic fc)Ilowing, artuarial assumpti()ii% tli(It ccJmpl}i M'itli (ti{)n 28 ()f FIIS 102..
2024
2023
['inanc.ial a$5ulliL?tii)n.s
RPI iiicrca5C5
alary iiicreases
Pensi()n incTea5es
DiKciunt ratL
3.15%
2.85%
2.85%
4.80%
2.90%
2.90%
4.90%
AL5unied lile exi)Lielanc)' from ie 65 Jears
lietiring lodi), . male5
Reliring t<)da}, feiiiales
Rc¥tiring ill 2n }IL4ars . niales
R('tirin8 in 21? )iears - feiiiales
20.8
2.3.,3
22.0
24.7
21.1
23..
22.3
2.5.n
'he actuary's eslitllated as5cI all()cali(>ii (()r the comF)a n>1 as al the yLiar-L)Jid was a4 f()11()ws-
2024
2023
'.qiiilies
Gilts / ()tIIL'I b(Inil&
Prow-rii,
Lash / altciiiative a55els / other mana¥L'LI tunds
55°
1%
'lThese assii iiiptii)n4 gcive. risL ti) tlio iialiiation5 l)elnw.
11 sliould l)e ii()Iv(I thal, u nd(:T r.R(i1112. thLJ 'curreiil service c051. iii th(,..4()l*A is asse%5L'd b). tlie actuary
lo be Ihe ir
THE RURAL COMMUNIIry COUNCIL OF ESSEX A Charltable c.ompany Limlled By Guarantee Registered Charily Tr'O. IOY7LIYJ NOI'ES I"0 TIIE fiNANCIAL STATEMENrs YIAR ENDED 31 MARCH 2024 13 DEFINID BF.NEFIT PINSION SCHEMF.- continued Keturn c)n (und asscts in excess ol intercst Olher acluarial gains C1)ane.$ iii financial &- deniographic assumplioiis r.XIrlV1lLv (8aiIi) oli defined benefit obligations Lhanbv(&.4 in effeLt of asset ceiling T<)tal amnuiit that w()uli11)ave been recogiii5ed a5 an actuarial {Ioss)/gain 263 (79) (I 10) 1,4.54 106 46 {7) (1,8311) (1.516) 7.371 Net aniounl that .[) ILI liave been recogiii5ed in ihe S()lryA {1,530) 1,2.50 Analj'sis o! thL4 amounl thal would have been rec0 nised in Ihe Balance Sheet undor FR5102 Prcscril value of defiTIL'.cl bLbnL,f it 5chenie liabililies FiaiT valuÈ of fuiid assets (bid valuc..) 2024 £QIK) 2,143 2023 £'ooo 2,04Q 3.467 Deficit / (surplus) {1.838> (1.427J Imi)qicI of asse.t CLijlji)g Net clefiiied l)ene£il pensi<)n liability/ (asset) 1,838 (1,427J Ketonciliation of the o J)eu' and cl Jn balances of the value of the defitied benÈfj.t scheme JiabilitIes ttder FllSIO?I ()rL>iiing present ViiluL' of dc,.fint'cl bÉnefit sihenie lial)ililies c-.ui I'L1t service cv5l liiteresl cost Chaiige5 ili finanrial & deniograi?hic 3%sumplioiis Exi)eriencv. (saxn) (pli dcfijied benefit oblisiatiiins E5tiTnatc..d l)LiIiefit5 F)aid iiel of traiisfL'r.% ii) Coiitributic)ns by scheme. i)articiiiants 2024 coiiu 2023 2,(HO 3,400 123 88 (1,4.54) (106) (28) 17 97 {46) 18 Closing i)ri'v'nt value of Llefined beiiefit schl'nic.. li41l?ilitie.4 2.040 BLiconcilialion of tlii oi)enlJn and closints balances OJ the fair value of the fund ayyets (under Tr!!S lu?) Openiii&F (air value c)f fund InterL%I oil assc15 Rf'turn oli a55els les5 inti'.rL&41 ()thcr actua ria l ji)s EsliniatL'LI Ix'.nt..fit.% F)41LcI IiL?l ol Iriijisfers 111 Q-oiitril)utii)ii% b), L)niF)Io}IVT L-i)iilril)ulioiis by schenic, pa rticipaiiL 2024 £'no 2023 eii(Kl .1.478 92 (79) (1121 (28) 99 17 168 263 (2) 10.3 18 C.'l<)5iJIR (air Vriliii. ()f lu n(1 asst'L 3.4(>7 29
TIII RURAL COMMUNI'Iry COUNCIL OF FSSFX A Charilable Company Limiled By Guaranlee Re8i$tered Charity No. 10971Y)9 NOTES TO TI4E FINANCIAL SI'ATEMIKrs YEAR ENDED 31 MARCH 2024 14 ANAI.YSIS ()Tr NEI" ASSEfs BtrwF.F.N FUNDS Unrestsicted r,unds Rcslricted Funds Total Fund$ 31 March 2024 TangihlL. fixed assets Currenl assc't iiivestn)entS Curreiit assets - dL,bt()rs Current assets - cash al bank. and in liand CuTfL"ni liabilities Long-terni liabilitiL'S 688,484 688.484 32,284 439,446 (11).7C)5) 67.1182 726.799 {62.907) 287.353 {4.3,112) Net a$5ets at 31 March 2024 )67.523 £451,935 £1,419,458 Unrestricted Funds Re5tricled Funds Total Funds 31 h4arch 2023 I'AngAble fixed asscts r,ixed a.1 invcstmoJitS Currenl assLbts _ debtors C"urrE¥nt a55L'ts_ cash at llank and in hai)d Current liabilities Long-teriii liabililic's 692.767 10,000 23,J67 215.019 (.1.5.4 77) 692.767 10,nntJ 206,166 526,343 (48,808) 782, 794 ,311.324 (73.3.37) 'el assets at 31 MarLh 2023 i905.676 L480. 7112 Ll.386,468 15 RF.I.ATF.D PARTIES Dlreclors RCCI-. 1% i.i)nlr<)Ilcd by it5 13oaTI4 1)f I)IrLt{)r. No nieinber ol Ilii. B()ar(l ()f T)irei'.ti)r> reoeives rLiniuiii.'rat14)ii froni 11)e comF)¢lll}F aiicl nci expe1)Si wv.rv. reimburseil to nil, Jiilxir8 <?f tl)e Bi)ard durin thL' yLqir {2ni3., Ir(l). An up-t()-iiilte re8iSter of diTeclc)r%' intL'TL'.%ts' is maintaijicd. ancl all dirL¥tors are require.d lo dcYlarÉi an), F?i)teiitial Loiiflicls ()( inteTL.4't at niLtIll%5 of tlie B()arLI aiid ils sulscomniitti:L's.
THE IIURAL COMMUNITY C.OUNCIL or ISSEX A Charitable Company Limiled By Guarantee Registered Charity Nth 10971x19 NOTES TO THF. 14lNANCIAL STATEME5 YEAR ENDFD 31 MARCII 2024 16 COMPARATIVF STAIEMENT C)F IrlNANCIAL AcfiviTIES (inelllding Income & F,xpenditure Account) Unrestricted funds Restricted funds Year ended 31 March 2023 rolal Income from: Charitable activities 355,096 2,OC?.9 1,242..58,5 1,.597,687 2,OCI.g l)onations Investments Rents TLe1Vable ]ntL'rL'st receivable 26,729 ,5,407 26,1?9 5,401 Tolal income 388,695 1.242,.58.5 1,637.280 F.xpenditure on: Charltable activilies InvL'stment nianagement .3.88.026 7.449,7.32 1,787,7.58 12.()()O 12,060 'J otal expendilvre 350.08(? 1,449,732 I, i.(J.V,818 Net income beforc transfers .38,009 (207,747) (168,.fj.38) Transfeis bLlti%Tee.i) funLI.s Nel income after transfer6 .38,(iQ9 (207,747) (168,.5.I8) Total lunds brc)ii%ht forivarLI 8()7,067 68 7,.9,39 1,55.f.nf)6 Ti)lal funds carried forward L90.5,676 £480, 792 £7..38C?,4(18 31
THE RURAL COMMUNITY COUNCIL or ESSEX A Charliable Company Limited By Guarantee Resisleied Charity P*'o. 10971x19 NOTES I'O THr, riNANCIAL STATF.MENTS YIAR INDED 31 MARCH 2024 17 COMPARATIVE STATEMENT OF CASII I:LOWS Unrestricted Restricled funds fund6 Year ended 31 March 202.3 I'olal Net income as per the Consolidated Statcment of Financial Activities .38,609 (207,147) (168,,5.38) Adju5lments for: Rejits receivablc 1ntere.st rer.e.ivablL' Rental c)veTheads payablL' De.pre.ciativn charges DecTeasL)/ (incrL'a&L') in dc,.bii)r8 (DL'crLase) ui creditor5 Net cash provided by/ (used in) operating a¢tivities (26,129) (5,407) 72,01)0 4,284 4(),154 (21,.f80J (26,129) (.5.401) 12,060 4,284 19,573 (57,760) (26,.581) (,1.5,580) 47.997 (269,,308) (221,377) Cash flows from investins activitie5: Rents re(cived IntL'TL'St rix'eived Rcntal OVLrhLads paid Nel cash provided by iiivesting activities 21..144 5.407 (12,246) 21,344 .5,401 (12,246) 74,499 14,499 Lash flows frf)m financing activities: M()rtgay,e repayrnLnts (789,1.36) (189,1.3[1) Nct Cash used from investmenls Nel cash (uscd in) financins activities (99, 7.36) (99.1.1()) Nel chanse in ¢ash (.311,640) (2l)9,.3n8) (3U5,-g48) Cat>h balaiice8 broughl forward ?57,().5Y .580,(>.32 8.32.297 Cash balances carried forward frJll.324 f"526,.44.3 32