Charity ragistration number 1099439 Company reglstratlon numb&r 04606086 IEngland and Wales) HUMBER AND WOLDS RURAL COMMUNITY COUNCIL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
HUMBER AND WOLDS RURAL COMMUNITY COUNCIL LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr D Hannam MrPJSShipp Mr D M Hughes Mr S Nicholson Mrs S M Rahman (Appointed 14 March 20241 Secretary Ms J Owen Charity number 1099439 Company number 04606085 Registered office Wilderspin National School Museum Queen Street Barton-Upon-Humber North Lincolnshire England DN18 5QP Independont examiner Finnies Accountants Limited 4-6 Swaby's Yard Walkergale Beverley East Yorkshire United Kingdom HU17 9BZ
HUMBER AND WOLDS RURAL COMMUNITY COUNCIL CONTENTS Page Trustees, report Independent examinerfs report statement of financial activities Balance sheet Notes lo the financial ststemenls 10-19
HUMBER AND WOLDS RURAL COMMUNITY COUNCIL TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting Policies set out in note 1 to the financial statements and comply with the charity's goveming document, the Companies Act 2006 and Accounting and Reporting by Charities". Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. Objectives and activities Humber and Wolds Rural Community Counal's purposes and aims as set out in the objects contained in the Memorandum ofAssoaalion are to.. Promote any charitable purpose in order to benefit and enhance the conditions of communities and individLJals in the administrative areas of the East Riding of Yorkshire. North East Lincolnshire, North Lincolnshire, and Kingston upon Hull Icollectively formerfy known as Humbersidel, with particular reference to the advancement of education, relief of povety, disadvantage or distress or in pursuing any other charitable purposes. Vision Strong and resilient rural communities providing healthy, safe and thriving places where people want to live and work Mission We support, empower and represent rural communities, building capacity, improving connectivity, developing healthier lifestyles and increasing economic aclivily, by building on existing resources and assets and delivering quality services which meet the needs of people, places and partners Strateglc alms The strategic aims of the companylcharty are.. 1. Improve the health, se¢urty and wellbeing of communities 2. Support the growth of the rural economy 3. Strengthen and represent our partnerships 4. Sustain and develop community facilities, assets and services 5. Assist communities to influence, plan and develop resources and assets that respond to local needs 6. Be a strong, healthy, respected and responsive organis8lion The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
HUMBER AND WOLDS RURAL COMMUNITY COUNCIL TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and perforniance Humber and Wolds Rural Action IHWPAI continued lo provide activities, services and support lo rural communities across the East Riding of Yorkshire and Northem Lincolnshire. A key element of this was working in partnership al strategic and Community levels, building Confidence in the voluntsry sector and influencing partners lo recognise the unique opportunities and solutions that the sector can offer. HWRA activity against the SlrategicAims.' Improve the health. security and wellbeing of Communities The Voluntary Car Service in Northern Lincolnshire experienced a huge rise in demand for transporting people to medical and social care appointments. Compared to the previoLJS year. the number of volunteer drivers increased by 91+47Q/ol, the nLJmber of passengers registered rose by 347 1+75Qknl and 2174 more passenger journeys1+80°kl were carried out. The 'Welcome Home, pilot project supporting people living in North Lincolnshire on pathway O leaving Scunlhorpe General Hospital was delivered until December when the project, along with the staff, transferred lo Scunthorpe and District Citizens Advice Bureau. Work to support communities with digital inclusion continued as we led on the Digital InclLJsion Network Project across the area covered by the Humber and North Yorkshire Health and Care Partnership and working in partnership with Community First Yorkshire to deliver practical support with digital indusion. Rural community buildings and community organisalions were enabled to choose and implement digital solutions that will work for them and offer online access through connection lo ullrafasl full Iibre broadband as well as receiving funding for laplDPS, lablels and other digital equipment. As a result, rural residents were able to access online services and opportunities through community groups having the equipment, skills and knowledge lo provide support, motivation and help to individuals lo improve their digital confidence. Support tho growth of the rural economy The 'Personalised Care Micro Provision, pilot project across the area covered by the Humber and North yorkshi Health and Care Partnership came lo an end in February. The project was delivered in partnership wth Carers Plus Yorkshire and Yorkshire In Business and provided support to individuals lo enable them lo develop small businesses providing care and support to residents. As a result of the learning from this pilot, East Riding Council will continue to provide similar support. Delivery of the North East Lincolnshire Wheels to Work scheme, providing mopeds and e-bikes enabling people ID engage with training and asS employment. The demand for mopeds is decreasing and funding for the project is coming to an end, but we are committed lo continuing to provide support lo the small number of individuals who need this service, and plan lo review the viability of the project in the next financial year. Vvorking in partnership with North East Lincolnshire Council and Grimsby Cycle Hub, continued lo lead on an e-cycle project providing people with an opportunity to 'Try-a-bike' and 'Hire-a-bike' lo complement the current Vvheels to Work petrol scooter scheme. The aim of the project was to encourage healthy lifestyles by increasing active travel and contributing to net zero by reducing emissions. Strengthen and represent our partnetships Following the transfer of the hosting of the Yorkshire Coast Community Rail Partnership (YCCRPI and Barton Cleelhorpes Community Rail Partnership IBCCRPI due lo the closure of Community Rail Humber, continued to provide support to the partnerships through the recruitment of new Community Rail Partnership Officers and development of the work Df the partnerships to SUPPDrt communities along the railway lines and increase rail use. Representation on the North Lincolnshire VCSE Alliance acting as a conduit between Humber and North Yorkshire Health and Care Partnership VCSE Leadership Group, North Lincolnshire Inlegraled Adults Care Partnership and the Alliance, creating opportunities to influence thinking and develop responses lo local health and care needs.
HUMBER AND WOLDS RURAL COMMUNITY COUNCIL TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Active membership of.. East Riding Rural Strategic Partnership which aims to promote the economic and social wellbeing of residents living and working in rural communities across the East Riding and lo lo inform, influence and act on behalf of the rural East Riding of Yorkshire. ACRE NehOrk, England's largest rural grouping of community support charities which exists lo provide a voice for rural communities, and to help them achieve great things locally. Working with partners, continued building and assuring the conlenl of thè North Lincolnshire Live Well resource enabling groups lo promote their activities and the public and professionals to access local assets. Leading on the North Lincolnshire VCFSE Alliance Volunteer Hub providing volunteer brokerage and volunteer management support developed, with the local authority and VCSE partners, a plan to transfer ID an online system during April 2024, shared with all partners to enable volunteers and volunteer involving organisalions lo self-serve and increase the availability and reach of the volunteer brokerage across the local area with particular benefits to those in rural communities. Sustain and develop community facilities, assgts and services Provision of the Village Halls Advi Service through Action Wlh Communities In Rural England IACREI, interpreting the regulation and ieslrictions imposed on community and leisure spaces, providing timely infomiation and advice to assist halls to operate safely and sustainably whilst supporting the volunteer management committees. We do this in the East Riding of Yorkshire working in partnership with East Riding Village Halls Network and in North and North East Lincolnshire through facililaling the Village Halls Network. Over 80 halls received advice and support that enable them to be managed and well-governed community buildings and gain better access to the funding they need lo make them sustsinable. safe and suited lo host activities and services for their communities. Facililaled a domestic healing oil bulk buying cooperative across off-gas areas in the East Riding of yorkshi and northem Lincolnshire in order that members can continue to reduce their expenditure on healing their homes and cope better with the cost of living crisis. The cooperative has 306 members and prices are selected from 8 local suppliers. A total of 384400 lilres of oil were ordered over the year and the lotsl saving to the members was £21.648. Distributed Household Support Grants to 72 eligible heating oil and LPG customers using funding provided through East Riding Council. Through Asset Based Community Development in rural North Lincolnshire, identified the issues and needs, strengths and assets in local areas, and engaged people al grass roots level, encouraging their involvement in activities, projects, volunteering, accessing leaming, developing new and sustsining existing groups, that will enhance their lives and surroundings and sustsinldevelop community provision. Support and advice lo a range of existing community groups enabled them to maintsin andlor extend their provision. Assist communities to influence. plan and develop resources and asyets that respond to local needs With other ACRE Network members, developed a new project which aims lo boost the supply of new, affordable housing by identifying development opportunities, supporting site o¥Nners and community representatives lo navigate the planning system and securing the support of local communvcies for developments. This will be done through a neOrk of Rural Housing Enablers IRHES) across England and, working in partnership with local authorities and registered housing providers, HVVRA will provide this service in Northem Lincolnshire. We also continued to work in partnership wth Community First Yorkshire lo deliver the East Riding and North Yorkshire Community Led Housing Hub. Supported existing, and facililaled the Initiation of new, Men In Shed5 projects acr055 northern Lincolnshire in the third and final year of a National Lottery funded project, whilst continuing lo provide support lo East Riding Sheds through the Humber Men in ShedsAlliance
HUMBER AND WOLDS RURAL COMMUNITY COUNCIL TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Facililaled the Isle of Axholme Community NeOrk bringing together residents, group leaders, organisalions, and ele¢ted representatives lo discuss issues related lo loneliness and social isolation In the Isle of Axholme. Themes Induded transport and communication, both identified as barriers to accessing activities and services that can alleviate loneliness. Be a strongi healthy> respected and responsive organisation Continued development of the board of Trustees to maintain a balance of representation from north antl south banks of the Humber. Moved our office base to a flexible space at Wlderspin National School in Barton Upon Humber which will strengthen our co-working and enable visitors to access us more easily. Held a planning day in January lo bring staff and trustees together to begin the review of the strategic plan. Moving forward together HWRA Trustees would like to thank all staff, volunteers, partners and funders for their continued support over the past year and look forward to actively working togèther lo achieve °strong and resilient rural ¢ommunilies providing healthy, safe and thriving places where people want lo live and work 2023 10 2024 was a Challenging period of change due to several pilot projects coming to an end. This was managed by the trustees in accordance with an agreed plan and forward bLJdget. seeking specialist advice where appropriate, and an approach that would maintain existing projects and increase the opportunities to support and develop our rural communities. HWRA continues lo adapt and change to reflect the operating environment and the needs of the ¢ommunilies we serve. Short term funding and pilot projects present both challenges and opportunities. We focus on meeting the needs in communities through working on partnership, our charitable purposes and strategic plan delivery where we are best placed lo do so and ensuring a smooth transition when pilot projects end or are transferred. Flnanclal revlew The Income and Expenditure Account reports a surplus of £38,290 (compared to a surplus of £110,878 for 2022-231 and reserves £320,389 is held for restricted purposes and of the balance, £14,573 is represented in fixed assets. Of the unreslricled funds, the following has been sel aside for designated purposes.. Redundancy Reserve- £31,921 Salaries Reserve- £52,000 General Purpose Reserve- £90,000 Premises Reserve- £3,000 The present level of funding is adequate to support the continuation of current activities and further funding is continually being sought for the future. The directors consider the financial position of the companylcharity lo be satisfactory and adequate reserves are available on a fund by fund basis. 11 is the Policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained al a level equivalent lo between three and six month's expenditure. The trustees considers that reserves al this level wll ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration Is given lo ways in which additional funds may be raised. This level of resèrves has been maintained throughout the year. Funds are kept in bank accounts which attract maximum bank interest wilhoul tsking any financial risks bul provide easy access to ensure project operations are not adversely affected. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systerns are in place to mitigate exposure lo the major risks.
HUMBER AND WOLDS RURAL COMMUNITY COUNCIL TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 structure. governance and management Humber and Wolds Rural Community Council IHIfvRCCI is a company limited by guarantee and a registered charity. The company is governed by its Memorandum and Artides of Association which established the objects and powers of the charitable company. The trustees, who are also the directors for the purpose of company law, and who served during the year and up lo the dale of signature of the financial statements were.. MrT Cave JP (Resigned 14 March 20241 Mr D Hannam MrPJSShipp Mrs D E Wilkinson Mr D M Hughes Ms A Hindley MrAJ Hall Mr S Nicholson Mrs S M Rahman (Resigned 16 November 20231 (Resigned 29 November 20241 (Resigned 24 May 20241 (Appointed 14 March 20241 Appointment of directorsllrustees is govemed by the Memorandum and Articles of Association. Direclorsllrustees hold office for a period of three years after which they are required lo retire but are eligible for re-election. None of the trustees has any beneficial interest in the ¢ompany. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The company's current policy ¢onceming the payment of trade Creditors is lo follow the CBI'S Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1 DUI- The company's current policy concerning the payment of trade creditors is to.. sellle the terms of payment with suppliers when agreeing the terms of each Iransaclion., ensure that supplier5 are made aware of the terms of payment by inclusion of the relevant terms in contracts", and pay in accordance with the cornpany's contractual and other legal obligations. Trade creditors of the company al the year end were equivalent to 30 days purchases, based on the average daily amount invoiced by suppliers during the year. Direclorsllruslees meet a minimum of four times a year and are responsible for the strategic direction and policy of the company. Additionally, when required, there are sui>committees which consider other specific matters. Directorsltrustees delegate the day to day running of the organisation to staff led by the Chief Executive. The Chief Executive is appointed by the board of directorsllruslees. Public Benefit The Trustees have reviewed the activities of the Charity and confirm that they are in accord with its objectives. The directors also confim that the Charity's aims and objectives fall within the descriptions of purposes in the Charities Act 2011 and are recognised as charitable and carried out for the benefit of the public al large.
HUMBER AND WOLDS RURAL COMMUNITY COUNCIL TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Tne Irustees. reporr was approved by the Board of Trustees. Mr S Nicholson Trustee 19 December 2024
HUMBER AND WOLDS RURAL COMMUNITY COUNCIL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HUMBERAND WOLDS RURAL COMMUNITY COUNCIL I report lo the trustees on my examination of the financial statements of Humber And Vvolds Rural Community Council Ilhe charity) for the year ended 31 March 2024. Responsibilities and basis of report As the trustees of the charity land also ils directors for the purposes of company lawl you are responsible for the preparation of the financial slalements in accordance with the requirements of the Companies Act 2006 Ilhe 2006 Act). Having satisfied myself that the financial slalements of the charity are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the ¢harity's financial statements carried OLJI under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs ststement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Ad. I confimi that l am qualified lo undertake the examination because l am a member of ACCA, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause lo believe that in any material respect". accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial slalements do not accord with those records., or the financial slalemenls do not Comply with the a¢untIng requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a maller considered as part of an independent examination,. or the financial slalements have not been prepared in accordance wth the methods and principles of thè Statement of Recommended Practice for accounting and reporting by charities Spplicable lo Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concems and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial slalements lo be reached. Finnies Accountants Limited 4-6 Swaby's Yard Walkergate Beverley East Yorkshire HU17 9BZ United Kingdom Dated.. 19 December 2024
HUMBER AND WOLDS RURAL COMMUNITY COUNCIL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds Total Unrestricted Restricted fvnd$ fund$ Total 2024 2024 2024 2023 2023 2023 Notes Income and endowments from- Donations and legacies Grants Receivable Investments other income 1,435 3,275 812,504 4,710 812,504 2,003 7,803 2,760 2,760 667,368 667,368 2,003 1,909 5,894 3,684 11,758 15,442 Totsl Income 5,347 821,673 827,020 6,444 679.126 685,570 enditure on: Charitable activities 29,655 759,075 788,730 18,934 555,958 574,892 Net loutgoingllincoming resources before transfers 124,3081 62,598 38,290 112,4901 123,168 110,678 Gross transfers behen funds 105,538 1105,5381 7,911 17,911} Net incomellexpenditurel for the yearl Net movement In funds 81,230 {42,9401 38,290 14,5791 115,257 110,678 Fund balances al 1 April 2023 108,225 363,329 471,554 112,804 248,072 360,876 Fund balances at 31 March 2024 189,455 320,389 509,844 108,225 363,329 471,554 The stslemenl of financial activities includes all gains and losses recognised in the year. The sl8temenl of financi81 activities includes all gains and losses recognised in the year. All income and expenditure derive from Continuing activities. The statement of financial activities also complies with the requirernenls for an income and expenditure account under the Companies Act 2006.
HUMBER AND WOLDS RURAL COMMUNITY COUNCIL BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 13 14,573 16,161 Current assets Debtors Cash at bank and in hand 14 80,829 683,955 105,506 1,023,251 764,784 1.128,757 CreditoTr: amounts falling due within one year 15 1269,5131 1673,3641 Net current assets 495,271 455,393 Total assets less current liabilitios 509,844 471,554 The funds of the charity Restricted income funds Unrestricted funds 17 18 320,389 189,455 363,329 108,225 509,844 471,554 The company is entiued to the exemption from the audit requirement wntsined in secb'on 477 of the Companies Act 2006, for the year ended 31 March 2024. The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of finanaal statements. The members have not required the company to obtain an aLJdit of its financial statements for the year in qLJestion in accordance with section 476. These financial ststemenls have been prepared in accordan with the provisions applicable to companies subject to the small companies regime. The financial stslemenls were approved by the Irusleeo nn 10 ?n?4 Mr D Hannam Trustee ir o iNicholson Trustee Company registration number 04606085 (England and Wales)
HUMBER AND WOLDS RURAL COMMUNITY COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity inforniation Humber And Wolds Rural Community Council is a private company limited by guarantee incorporated in England and Wales. The registered office is Wilderspin National School Museum, Queen Street, Barton-Upon- Humber, North Lincolnshire, DN18 5QP. England. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the charity's Igoverning docLJmentl. the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" l°FRS 102.1 and the Charities SORP 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" leffedive 1 January 20191. The charity is a Public Benefit Enlily as defined by FRS 102. The charity has tsken advantage of the provisions in the SORP for Charities not to prepare a Statement of Cash Flows. The financial stslemenls are prepared in slerfing, which is the functional currency of the charity. Monetary amounts in these financial ststemenls are rounded to the nearest £. The financial slalements have been prepared under the historical cost convention, Imodified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair valuel. The principal accounting policies adopted are set out below. 1.2 Golng concern At the lime of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting In preparing the financial stslemenls. 1.3 Charltable funds Unrestricted funds are available for use al the discretion of the Iruslees in furtherance of their charitable objectives. Reslricled funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes lo the financial slalements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any performan Conditions have been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance condrtion5 require deferral of the amount. Income lax recoverable in relation to donations receivèd under GiftAid or deeds of covenant is recognised at the lime of the donation. Legacies are re¢ognised on receipt or otherwise if the ¢harily has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a conkn'ngenl asset. Grant income will be deferred if received in advance ol me&ts"ng performance conditions or if the provider specifically slates that the income musl be spent In a future accounting period. 10-
HUMBER AND WOLDS RURAL COMMUNITY COUNCIL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Icontlnuedl 1.5 Expendltu Expenses are included in the financial statements as they become receivable or due. 1.6 Tangible fixed assets Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation. net of depreciation and any impaimient losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Office equipment Computer Equipment Motor vehicles 200/0 reducing balance 33% reducing balance 250h slraighl line The gain or loss arising on the disposal of an asset is detemiined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activib'es. 1.7 Impairment of fixed assets Al each reporting end dale, the charity rèviews the carrying amounts of ils tangible assets to detèmiine whether there is any indication that those assets have suffered an impaimienl loss. If any such indication exists, the recoverable amount of the asset is eslimaled in order lo determine the extent of the impaimienl loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-lerm liquid investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'other Financial Instruments Issues, of FRS 102 to all of ils finanaal instruments. Financial instruments are recognised in the eharily's balance sheet when the charity becomes party lo the conlraclual provisions of the inslrumenl. Financial assets and liabilities are offset, wf(h the net amounts presented in the financial slatemenls, when there is a legally enforable right to set off the recognised amounts and there is an intention to settle on a nel basis or to realise the asset and setue the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured al transaction price Including transaction costs and are subsequently catried al amorb.sed cost using the effective interest method unless the 8rr8ngemenl conslilules a financing transaction, where the transaction is measured at the present value of the future receipts discounted al a market rale of interest. Financial assets classified as receivable within one year are not amortised.
HUMBER AND WOLDS RURAL COMMUNITY COUNCIL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Icontlnuedl Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constilules a financing transaction, where the debt instrument is measured al the present value of the future payments discounted at a market rate of Interest. Financial Iiabililies classified as payable thin one year are not amortised. Debt instruments are subsequently carried al amortised cost, using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as CLJrrent liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequenuy measured al amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derècognised when the charity's eonlractual oblig8tions expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday enlillement is recognised in the period in which the employee's services are received. Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed lo lerminale the employment of an employee or to provide termination benefits. 1.11 Government Grants The charity has accessed government grants and support during the covid-19 pandemic in relation the the small businesses, support grant. The income is recorded as sundry income in the financial stalemenls. Critical accounting estimatss and judgements In the application of the charity's accounting policies, the Iruslees are required to make iudgemenls. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other source5. The eslimales and associated assumptions are based on historical experien and other factors that are considered lo be relevant. Actual results may differ from these eslimales. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and ftjture periods where the revision affects both current and future periods. Incomg from donatlons and 19gac19$ Unrestrlcted Restrlcted funds funds 2024 2024 Total Unre$lrlcted Restrlcled funds funds 2023 2023 Totsl 2024 2023 Grants Membership fees 900 1,860 900 1,860 1,435 3,275 4,710 1,435 3,275 4,710 2,760 2,760 12-
HUMBER AND WOLDS RURAL COMMUNITY COUNCIL NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Grants Recelvablg ACRE Ea¥tRldlng Worth C¢un¢ll unCnhIr NLCFRC YoYkihlrt& Tok11 24 &V41•s Slp 2Q23 2D24 2424 1014 2D24 2U24 Grants received 44,852 35,000 252,531 2.500 398,063 81.758 812,504 867,388 ForthoyearoThded 31 Mar¢h 2023 ACRE E4¢ Ftldln4 North Court¢ll Urt¢dn$hlrè UnoèlnÈhlt NLCF R¢ (hhwGMnis HuMb•rCoast Yoth&hitÈ & &VasSTP HumbEr Total 2Q23 Grants reNed 41.965 50.436 163.812 82.093 2,37S 259.720 7.267 667,368 Analysis bylund Resltthd funds 41,965 50,436 183,512 82,093 2,375 259.720 67,267 667,3S8
HUMBER AND WOLDS RURAL COMMUNITY COUNCIL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 2,003 Other income Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Other Income 1,909 5,894 7,803 3,684 11,758 15,442 14-
HUMBER AND WOLDS RURAL COMMUNITY COUNCIL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Charitable activitie5 Restricted Unrestricted Funds Funds Totsl Restricted Unrestricted 2024 Funds Funds Total 2023 2024 2024 2023 2023 Staff costs Depreciation and impairment Motor & Travel Expenses Training & Conference Fees Rent, Rates & Utilities Cleaning Insurance Health & Safety Telephone Printing, postage, stationery & Advertising Membership costs General expenses Management fees Subcontractor & project Costs Meetings and room hire IT costs Other charitable expenditure 411,239 53,588 464,827 353,392 65,483 418,875 723 20,990 6,452 790 7,175 21,780 786 24,912 1,983 1,188 2,769 26,100 5,394 2,575 7,065 1,928 28 11,065 2,655 4,075 33 4,247 5,422 13,640 9,720 6,001 187 4,247 3.645 3,053 1,397 5,840 393 3,938 86 2,226 5,042 8,893 393 4,618 196 2,535 680 110 309 581 450 1.348 85,201 3,444 5,983 838 185,2011 4,025 6,433 2,184 1,563 263 784 94,300 4,886 5,642 1,127 194,3001 6,429 5,905 219,105 1,057 300 7,614 616 5,037 228,719 1,673 5,337 71.143 932 86 217 953 11,668 71,360 1,885 11,754 969 1,401 2,370 435 435 759,075 22,665 781,740 555.958 13,142 569,100 Share of governance costs (see note 81 6,990 6,990 5,792 5,792 759,075 29,655 788,730 555,958 18,934 574,892 Analysis by fund Unrestricted funds- general Restricted funds 29,655 29,655 759,075 18,934 18.934 555,958 759,075 555,958 759,075 29,655 788,730 555,958 18,934 574,892 15-
HUMBER AND WOLDS RURAL COMMUNITY COUNCIL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocated to activities 2024 2023 Governance costs 6,990 5,792 Analysed between: Unrestricted fund 6,990 5,792 2024 2023 Governance costs comprfse.. Audit fees Accountancy 2,520 4.470 2,500 3,292 6,990 5,792 Net movement in funds 2024 2023 The nel movement in funds is slated after chargingllcredilingl.. Fees payable for the independent examination of the charity's financial slalements Depreaalion of owned tangible fixed assets 2,520 7,175 2,500 2,769 10 Trustees None of the trustees lor any persons connected wth them) received any remuneration or benefits from the charity during the year. 11 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Numbar Adminislralion Project Management Total 21 Employment costs 2024 2023 Wages and salaries 464,827 418,875 There were no employees whose annual remuneration was more than £60,000. 16-
HUMBER AND WOLDS RURAL COMMUNITY COUNCIL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 12 Taxation The charity is exempt from laxalion on its activities because all ils income is applied for charitable purposes. 13 Tangible fixed assets Office equipment Computsr Equipment Motor vohicl8s Total Cost Al 1 April 2023 Additions 2,562 2,865 23,917 2,722 22,516 48,995 5,587 Al 31 March 2024 5,427 26,639 22,516 54,582 Depreciation and impaiment At 1 April 2023 Depreciation charged in the year 1,687 748 9,354 5,704 21,793 723 32,834 7,175 Al 31 March 2024 2,435 15,058 22,516 40,009 Carrying amount Al 31 March 2024 2,992 11,581 14,573 At 31 March 2Q23 875 14,563 723 16,161 14 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 1,000 61,660 3,495 40,351 79,829 80,829 105,506 15 Credltors: amounts falllng due wlthln one year 2024 2023 Other tsxation and social security Trade creditors Other creditors Accruals and deferred income 7,020 11,623 898 660,843 1,562 260,931 269,513 673,364 17-
HUMBER AND WOLDS RURAL COMMUNITY COUNCIL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 16 Deferred incorne Deferred income is included in the financial statements as follows.. Balance brought forward £650,093 Released in year -£499,845 Deferred in year £94,552 Balance Carried forward £244,800 Deferred income is not recognised in the SOFA until the charity is entitled to the income. Deferred incorne is disclosed as a liability in the balance sheet 17 Rgstrlcled fund$ The restricted funds of the Charity comprise the unexpended balances of donations and grants held on trust subject lo specific conditions by donors as lo how they may be used. At 1 Aprll 2023 Incomlng r&sourc&s Resources expended Transfers At31 March 2024 363,329 821,673 1759,0751 1105,5381 320,389 Previous year- At 1 April 2022 Incoming resources Resources expended Transfers At 31 March 2023 248,072 679,126 1555,9581 17,9111 363,329 18 Unrestricted funds The unrestricted funds of the charty comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantor5 as lo how they may be used. These Include designated funds which have been sel aside out of UnstrICted funds by the trustees for specific purposes. At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 General funds 108.225 5,347 129,6551 105,538 189,455 Previous year: At 1 April 2022 Incoming resources Resources expended Transfers At 31 March 2023 General funds 112.804 8,444 118,9341 7,911 108,225 18-
HUMBER AND WOLDS RURAL COMMUNITY COUNCIL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 19 Related party transactions During the year £665 was paid lo DAH Accountancy Services Limited, a company controlled by the trustees Mr D Hannam, for Xero accountancy SOare subscriptions. 19-