Charity R•glstration No. 1098404 Comparry Registration No. 03647091 {England Walosl RUMBLES CATERING PROJECT UMrrEO ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ￿ToBER 2024 RUMBLES CATERING PROJECT LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees (Apptsintsd 19Augusi 20241 (Appointed 19August 20241 (Appointed 19August 20241 (Appointed 16April 20251 (AppThnted 16April 20251 Mrs Yvette HaTvey Ms Karen Rose Mrs Gina Dclan Mr David Hall Chartty numbor 1(VJ8404 Company number 0￿7091 Principal addrp55 VKar Visitor Centre Off ManSf￿d Road Clipstone VINage Mansfidd Nottrrohamshiro NG21 Registered office Off ManSf￿d Roaj Clipstone Village Mansfidd Nottinghamshi NG21 9AA Independent examlner s￿f0rds (Martsfield) Limit&J Synergy H 7Aeom P&k Commeraal Gate P+lansfiefd N0tbngh￿5h1re NG18 1EX RUMBLES CATERING PROJECT LIMITED CONTENTS Independent examIn￿S report Statement of financtal actrvtbes Ba18r*e sheet Notes lo fina￿al 5tstements 6-13 RUMBLES CATERING PROJECT UMITED REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 OCTOBER 2024 Thè trustèes pftsent their annual rewt aThJ finarKial st*￿ents fty the ye* erbjed 31 Odober 2024. The fill￿￿al statements havg been prepared pi ￿1h Ihe acco￿￿t￿j pol¥ie$ Set out in noles to th accounts and comply with the thanty5 govemiro dc£um￿l charib.es Act 2011 and Accounting and Reporting by Charities". Ststement of Recommended Practie£ applic*le to charities preparing their accounts in accordance with Ihe Finanaal Rgports"ng St*¥Jarf ￿table in the UK aTrJ ReP￿IliC of I￿l￿d published in October 2019. Objgctives and activities The 's objects are lo educate ar*J train )uurKJ pers￿$ *)d ayult ￿Sidents in the ccKmty of Nottinghamshire who are disadvantsged by rea$￿ of their th"sability or sccial or domestic orcumstances. in tlie subject of catering and lated ne￿$Sary s￿lIS a realistic thing ￿￿romI￿ni so as to enable them to obtani W￿rk expenence and tr) promote indeFendent living and Pefsonal dèvthpment. The pdicies adopted in fiJrtherar￿e of Ihese ¢*4ects are to marthain reserves in lieu of pl•wed activities and identified liabilities, aThJ in x¢ordan¢e resin"ctions imposed by ￿an1 providers. Any major risks identified by the Trustees have been reviewed and systems estaL4rshed to mib.gate those risks. There has been no ¢hange in thestr thring the year. The trustee5 have wd due regard to g￿r￿e ISS￿ by Ihe Chanty Commission ¥i decidi￿ wh* activities the should undertake. A fvll review ol the chatibes *ivthS ￿ be in the RepJrt to be arcvlated these financia5 statements. Achievements and pèrformance Thè charity has expenenced a significant deficit of £26,W2 12023 £40.2961 lor the year. 202312024 was a challenyng year. There have teen charges wth"n senior management and tnjsiees which have been unsettling for Ihè charty. Financlal rèview Th& financial resijlts and position of the charity we sh(Mn on pages 4 aThJ S. tharity hag rétained reserves amounting to £60.92112023 £87.9131. 11 is Ihg pob"¢y of the charity Ihal unrestsicted fvnds which have not be￿ dèsKJnated tr a 5pecrfic use should be maintaned at a level equNalent lo be￿een thr￿ Six m¢Jth's expenditure. The trustees considers that réserves al this level will ensure IhaL in the event of a significant drop in fundiThJ. Ihey will be able to continue the 's current acbvitses wh￿e con&deration is given b) ways n vAN'th athjitional funds may be raiserds Imansfieldl Limited Synergy HOUSÈ 7 Acnm Business Park Cownrnercial Gale Mansfield Nottinghamshi NG18 lex RUMBLES CATERING PROJECT LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2024 Un￿strIct•11 Restricted funds funds Total Unrestricted Restrictèd fund$ funds 2023 2023 Total 2024 2023 Motes Incom• from: Donations and legacAes ch￿itable activities Invgstsllgnts 84,995 57.361 141 9,079 94,074 57,361 141 10,648 96,570 234 9.184 19.832 .570 234 Total in¢ome 142,497 9,079 151.576 107,452 9.184 116.636 Exp6nditurÈ on: Ctrwrilable activities 169.489 9.079 178.568 147,748 9.184 158,932 Total expenditure 169.489 9.079 178. 147.748 9,184 158,￿2 Net 6xpenditurÈ and movement in funds (26,W21 126,9921 (40.2961 I40.2￿) Re¢on¢iliation of funds: Fund balaN￿S at 1 November 2023 87.913 87.913 128.209 126,209 Fund balanc•s at 31 October 2024 60.921 .921 87.913 87.913 The stslement offinanclal activiti8s *￿ude$ all garrts aTrJ losses rewi5ed in the year. All inrx)me and expenditure derive from continLring a¢tivibes. RUMBLES CATERING PROJECT LIMITED BALANCE SHEET AS AT 31 OCTOBER 2024 2024 2023 Fixed assets Tangible assets 8,498 CuThent assets Stocks Debtors Cash at bank and in hand 10 11 550 143.295 15.339 134.768 17.208 152,526 159,184 Creditors-. amounts falling due wtthin one year 13 {￿.897) 169.803} Net cuffènt assets 61,629 89.381 Total assets less current liabilities 69.725 97,879 Creditors: amounts falling due 3￿r more than one year 14 {8.8041 19.9661 Nèt assets 80.921 87,913 The funds of the Unrestricted funds 16 80.921 87,913 60,921 87,913 The company is entiued to thè exempb.on fr(xn thè audit requirement rJ)ntained in secticfi 47T of the Companies Act 2(M]6. for the year ended 31 O¢tobÈr 2024. The directors a¢kncwle(Ige their respJnsibilitie5 for cOM￿￿r￿J y￿h the requirements of the Companies Act 20CIS with respect to accwnting records and the prepar3b.on offinarKial st*ements. The members have not required the company to obtain ￿ a￿111 of its financial stalements for the year in question in accordance with secbon 476. These financial statements have been prepared in &cordance wtth Ihe provisions applicable to companie5 subject to the small companies regime. The financixl statements were approved by the trustees on ..... Trustee Company registration numbw 03647091 IEngland and Wales) RUMBLES CATERING PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 Accounting poli¢ies Charity infomiation Rumblgs Catering Pmje¢t Jmite¢J is a wtvate C￿panY fimited by gu*antee incorporated in England and Wales. The registered office is Water Vksitor Cèntre. Off Mansfield Ro￿. Clipstone Village, m￿Sfield. NotU'Trthamshir•, NG21 W. 1.1 Accounting convention The financial statemerts have teen prepared in accoryjance ￿ th8 charity's goveming document. the Companies Act 2￿6 and "AccountiNJ RepcwtiTrJ by Chanb"es: Stsiemerrt ol Recommended Pl￿tice applicable to charities prèparirtg their accwts in accordance with th8 Financi81 ReF*)rting Standard ?ppli¢able in the UK and Reputlic of Ireland IFRS 102}" {as amandèd fex a¢court￿g periods comm$wng trom 1 January 20161. The is a Public Benefrt Entty as defined by FRS 102. The has tskgn advantsge of Ihe wovisions in ts SORP ts th¥ities aFplyLng FRS 102 Update Bulletin 1 not to rxepare a Ststement of Cash Flth¥s. The finanrAal sktements are wep*ed in sterfing. vthh is the furt￿{￿81 CUrrer￿ ￿ the charity. Monetary ounts in these fin*￿¥al statemènts are rourhjed to the nearest £. The financ3al statem•nts have prerAred uThJer the lysts1￿1 rAJst eonvonticffl. The ￿"naP81 ￿Cl￿￿ting licies adopted ￿ set thjt belN. 1.2 Going concem At the time of appTOVtng finanaal statements. the Injstees have a Teasonablè ¢xpethti￿ that the has adequale resources to continue in oFetational eKlSterte for the fo￿Seeable lulure. Thus the tmsteès continue to &lopt the going CO￿ l)asis of￿£￿itng in Ihe finar￿al statements. 1.3 Charitabl• funds unrestn.cted funds ¥e available for at thè thscreliffj of the t[￿￿teeS in lurtherm cl their charitable obje¢tive5. Re5tricied funds are subpttt ￿ specific by t*)nry5 cr grantors as to how they may be used. The purposes and uses of Ihe restricted fLnds ￿ sel out in the noles to thè finaNAal stakmerts. Endowment l￿dS arg subjert to SFecific c(￿(￿1￿)n$ by d)rTh)rs that the caMal must bg mantane(I by the. 1.4 Incom• Income is re￿ISed when Ihe is legaly entdled 10 it after any perf￿nance ciKwJff￿Jns have been met. th8 amounts can be measured r￿la￿y. il is wcèat4e that inc(Mne ￿11 be received. Cash (Jonations are r￿gr￿Sed on recepL ￿er thnations are recojrised oneA ts has been ￿tified of Ihe donation, unless perfomianee CorKlib￿S requ1￿ defeTha ot the amount. Income tax reCoVera￿e in relation to donations r￿e1Ved undÈr GiftAid or deeds of covenant i5 rewdsed at the time of the donab.(￿. Legacies ¥e rfjwni5ed on receipl or otheThvise rf the has IRen nobfied of an impendirrfJ th"stribution. the amount is known, arxl rerapt is expeckd. If th8 amOLnl is not knry•m. the legacy is trgated a5 a conb"ngent asset. 1.5 ExpMditurÈ Expenses are recognised when incurred and are Y+therg possiL* exactjy to Ihe category to which they relat8. In circumstances where this is TrJt FOSSt4g the trustee5 apportion th8 amounts in what they nsidw to fair prowrb.ons to each category, gen￿￿ty based on time spent. RUMBLES CATERING PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Accounting poIi¢i•s {Continuedl 1.6 Tangib￿ fix¢d as$ots Tangible fix&1 assets are initially mea5Lwed at cosi and subsgw)Uy mgasure(l * Cost or valuatiM, net of dÈprèaation and any irnpairment knsses. Oepreoation is re¢ogni5ed so as to wffrte off Ihe tost or ¥ak￿tion of assets less their residual values (Iver their usefvl lives w the follomru bases.. Fixtures. ffltings & eq￿rt￿rt 15% Rethjr￿g Bala￿0115% Stsght Line The gain or loss arising on the E*sposal of an asset is detemined as the drfference btheen the sale ￿￿0￿dS the ¢aryirYJ v*ue ol the asseL and is recoanised in the stat&nent of finanoal activities. 1.7 Impaimient of fixed assets At eath reporting end dale. the revithvs Ihe (*rrying affh)unts of its tar*i￿e asse15 to detefmine whether there is any indieAb"on Ihat ihose assets have suffwed an impaimient loss. If any in¢JK*on exists, th rO￿Verable arnO￿t ofthe asset is eslimated ￿ order to delemiine the extent of the impa'rrnenl h)ss litany). 1.8 Stocks Stock5 are stated at the lo%%*r of cost and eSb"M8￿ sdlng price Se5s costs to complete and sell. Cost comprises éirect matèrials and, where wlica)￿. direct laboLf cosL8 and those ovwheads that have been in￿rred in bringing the stocks lo thwr pre$￿t IDcab"on and ¢￿dib"On. Iteffl5 held ft)r distrit￿tion at no CY rK•minal conswJ8ration ara measured the k)wer ol re[￿￿eM￿l cost and cost. Net realisable value is the estimated sellng WI￿ less ai esb"maied ¢o$ts of ￿mPletiC￿l and costs t¢ be incurrèd Ni msrketing. selling and dsstn'butic￿. 1.9 Cash and cash equivalents Cash arvJ (ash equivalents indude cash in h￿. detM)sits hdd at wth banks. other short-term liqui investments with cri￿nal maturities of thre• mcrtths or kss. ar¥J bar* v￿rdraft$. Bar* overdrafts are sFttiwn ithin borrowings in oJrrent li3bilith"es. 1.10 Financial instruments The financial statements have been prepared vAth earty *ication of the FRS 102 Tiienrrial Rev￿ 2017 gmendments in full. Baslc finan¢lal assets Basic frnancial assets, which indude debtors and cash bank balar￿$, are initially meaSU￿d al transaction price includiryJ tr￿sactIon costs we Subseq￿ carried at amorttsed cost using the effeciNe interest method unless the arrangement conskn"tuies a financing transaeti¢n, where the transaction is measured at the present value of the futur& rec￿pts (thscounted at a market rate of interest. Financial assets ¢lassified as re￿ivatYe wthin fft year are ml aFT￿tiSed. RUMBLES CATERING PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 A¢¢ounting policies {Continued) Bas1¢ finanelal liabllitlés Basic fnanGial liabilibes, irKludirg CredIt￿S and b￿k loans we inibally reGognised at transaction wce unlgss the arrangement ccfflstitutes a finanoNJ tr￿saction, vknere the debt instwmenl is measured at the présent value of the [LrtU￿ payments disco￿ted at a market rate ol interest Financial li*'kntie$ classified as p8y8ble within one year are not amortised. Debt instsuments we sthequ8nly carriad at 8rn0rtised cos( usirrfj tr ¢ffo¢tive interest rate methoj. Trade CreditC￿ a￿ obhgatiorts lo pay for gjods or Ser¥￿S that have been acqui￿ in thè ordinary course ol operations from suppliers. Amounts payatle are dassified as current liabilit*s if paymenl is due wathin on8 year or less. If nol. thèy ar• presentèd as r￿CL￿T￿t ￿abIlIties. Tr￿je creditors are reCO￿lSed In￿allY at transa¢b"on price and 5ubsequenUy measured at amorb.sed cost using Ihe effective interest methtrJ. Dere¢ognition of financklllabllltles Finanaal liabaities are derecoJnised when th8 's c(￿tracIU￿ O￿lga￿c￿S expire or ale 4is¢harged or cancelled. 1.11 Employe¢ benefits Th& cost of any unused holiday errtiuement ks re￿i*j in ￿rIOd n wtrmch th8 emptyee's s￿1¢*$ are received. Temination t*neffits ￿e recognised Imm￿11?1ety a5 ￿ expense 4then the is demonstrauy coTh¥nitled to tsrminats the employment of ￿ empwe or to provid8 tsmiinalion bwffts. Donations and legaGSes unrestri￿ Restri¢tad funds Total 2024 Total 2023 Donations and grfls Grdrts receivable Deferre(t income 79.464 4.4CKJ 1.131 79,464 13,479 1.131 4,735 13.9f 1.131 9.079 9.079 94.074 19,832 Forthe year ondod 31 ￿0ber 2D23 10.648 9,184 19.832 Grants recelvable for cor• a¢tivittes Other 9,079 13.479 13,966 9,079 13,479 13,968 RUMBLES CATERING PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Investments Unrestricted Unre$lri¢ted funds funds 2024 2023 Interpst rerEivable 141 234 Charitable activities TAning 2024 Training 2023 Stsff costs Depreaation and thmpairnent Training 114,161 2.898 51,149 93,225 53,883 168.208 147,5C6 Sharè tsf support Costs (see note I 10,360 9,426 178,568 156,932 Analysis by fund Unrestrictèd funds ReslriGted 169,489 9.079 147,748 9,184 178.568 156,932 For the year ended 31 Odober 2023 Unrestricted funds ReslrictÉd 147.748 9.184 156,932 Share of SUFVOrt costs comprises administration costs in sUppo￿t of the dwritable activities. Net movement in funds 2024 2023 The net movement in ftnds is slated thr chargi@{uethtrng)." Fees payable for the independentexamination otthe ch8n.tys finanaal statements Deprgoaiion 0f￿rned tsngible fixed assets 2,898 398 RUMBLES CATERING PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Trust•es Nonè of the trustees any persorts them) reLeived any remuneration or reimburs8ment duriro the ye¥. Employ¢e$ The average monthly number of eM￿OyeeS durir•J the ye￿waS. 2024 Number 2023 Numbèr 10 Employment costs 2024 2023 Wages and salaiies 114.161 93,225 Th9re We￿ no employees whose remurmtth more than £60,LXQ. Taxation The charity 1$ gxempt from tax8tion on its activilies b￿￿se all ts ￿)Me ap￿led lor charitabje purposès. Tangibl• fixed assèts Fixtures, Iitllngs & gqulpment Cost Al 1 November 2023 Adithtions 107,519 2.496 At 31 Ckt¢)ber2024 110.015 Depreciation and impainnent At 1 November 2023 Dep￿￿ation th￿d in the y 99.021 2,898 Al 31 October ￿24 101,919 Carrying amount At 31 Oetobér 2024 8.09S At 31 October 2023 8.498 io- RUMBLES CATERING PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 10 Stocks 2024 2023 Finished gcxxls and goods for resale 550 55D 11 DÈbtors 2024 2023 Amounts falllng due Wbthin one year. Other debt￿5 134.788 143.295 12 Loans and overdrafts 2024 2023 Bank I0￿S 0￿er loan$ 6,918 3.750 11,149 s,orx) 10.6e8 16,149 Payable within one year Payable after one year 3.7SJ 6,918 9,2 6,949 13 Creditots: amounts falling due within •xbp year 2024 2023 Bank loan5 Other borrMros Other taxation and soaal security Trade creditors Other creditors AccNas 12 4,200 5,000 3.750 1.162 (491 84,814 638 58.012 1,145 90.897 69,803 14 Creditors: amounts falfing due after more than one year 2024 2023 Notes Bank loans Deferréd income 12 15 6,918 6.949 3,017 8,804 11 RUMBLES CATERING PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 15 Deferred income 2024 2023 An"5ing from government grants RdÈasÈd lo restricted frjnds 3,017 11.131) 4,148 11.1311 1.886 3,017 16 Unrestrictèd funds The unrestnct8(l fvnds of the charity comprise ￿ Un￿p￿d b*nces of donat￿n$ and grants which are nol subject to specific condibons by do￿r$ aThJ grantors as to they may b8 used. These indude esignated funds which have been set aside out ol Lnrestricted funds by thè lrnstÈÈs for specific purpose5. A11 Incoming Novomb•r r•soureÈs 20ZJ Resources At 31 Octobèr expènded 2024 Gener81 funds 87.913 142.497 {169.489) 60,921 Previous year. At1 In¢omiTrg November resources 2D22 Resources At 31 October expended 2023 General funds 128.2ce 107.452 1147.7481 87.913 17 Analy515 of net assets between ftMKIs Unrnstri¢ted Restricted 2024 2024 Total Unrestricte(l R•gtrictsd 2024 2023 2023 Total 2023 Fund balances at 31 October 2024 are rep￿Sented by.. Tangible assèts Current assetsllliatxlitsesl Long tem liathlibes 8.0 61.629 18.804) 8.498 89.381 8,498 89,381 19,966 61.629 18.8041 60.921 .921 87.913 87,913 18 Related party transactions Transactions with related parties During ihe year the Charitable COm￿Y entered into the fOlkn￿n9 transactiw$ wth rdate(J parties.. 12- RUMBLES CATERING PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 18 Related party transactions {Continuedl Included in other d•btors is £134.76812023 £143.295) due from associated entity RL¥nt4es Ccrfnmunity Interest C(xnpany. Vicar ￿ter Included in other credttors ae." £63.211{2￿23 £39.0321 to associ￿ entsty R￿￿eS Suttcn La￿￿ CornrNnity Interest Company, 21,603 (2023 £18.767) due to asscoaled wilrty Rufflbles SCo￿e Park Community Int8rèst Company 13-