Dowslgn Envelope ID.. 4ED15AF5-A5CD44EBth46F4145B7DC03E5 COMPANY REGISTRATION NUMBER: 04917066 CHARITY REGISTRATION NUMBER: 1104300 The Arthur Rank Centre Company Llmited by Guarantee Unaudited Financial Statements 31 December 2024
Docuslun Envelope ID.. 4ED15AF5-A5CD44EB-A46F-6145B7DC03E5 The Arthur Rank Centre Company Llmiled by Guarantee Financlal Statements Year ended 31 December 2024 Page Trustees, annual report (incorporating the director's report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
OoiJJsign Envelope ID.. 4EDISAF5-A5CD44EB-A46F.6145B7DC03E5 The Arthur Rank Centre Company Limited by Guarantee Trustees. Annual Report (Incorporating the Direclor's Report) Year ended 31 Dember 2024 The trustees, who are also the direclors for the purposes ol cornpany law, wesenl their report and the unaudited financial slalements of the charity for the year ended 31 December 2024. Reference and admlnl8tratlve delalls Reglstered charlly name The Arthur Rank Centre Charlly regl8tratlon numbor 1104300 Company reglstratlon number 04917066 Prlnclpal offlce and regislered The View offlce 9 Barford Exchange Wellesbourne Road Barford Warwick CV35 8AQ The trustees Prof David Pink Revd Leslie Hann Revd Dr Richard Teal- Vice Chair Mr George Dunn Revd Philip Wagstaff Rl. Revd Richard Jackson Ms Judith James Mrs Bridget Down Revd DT Benjamin Aldous Revd Canon Nick Read Revd Dr Sluarl Burgess Appointed Chair 17 January 2024 (Resigned 17 January 20241 (Appointed 12 December 20241 (Appointed 12 December 20241 Chlef Executlve Ofllcer Flevd Mall Jeffrey Bankerg CAF Bank 25 Kings Hill Avenue,
Docuslgn Envèlop& ID.. 4ED15AF5-A5CD44EB-A46F4145B7DC03ES The Arthur Rank Centre Company Llmlted by Guarantee Trustees, Annual Report (Incorporaiing the Dlrector's Report) (conllnuod) Year ended 31 December 2024 Kings Hill Wesl Malling Kenl ME19 4TA Sollcltors Wright Has5all LLP Otympus Avenue Leaminglon Spa Warwickshire CV34 6BF Independent examlner N J Cathvallader FCCA For and On Behalf of Davld Cadwallader & Co Limited Suite 3 Bignell Park Barns Cheslerlon Nr Bicesler Oxon OX26 1 TD Structur8. governance and management Con8lltutlon The Arthur Rank Centre I'ARC'I is a company Limited by guarantee and a registered charity governed by Ils memorandum and articles ol association dated 27 August 2010. In the event of the organisation being wound up each Irustee agrees lo contribute £10 towards the cost of dissolution. The company is also registered with the Charity Commission for England and Wales. Charity number 1104300. Company number 04917066. The Articles sel out the composition and tenure of the Board of Tru51ees, A change was agreed lo the Articles regarding appointment of Trustees, lo lake inlo accounl independence frorn RASE and the Rank Foundation. There is also now a Ihree year term of office. The day lo day operations and control ol ARC activities are delegated to the Chief Executive Officer. The Trustees and senior slalf of The AFIC are listed on page 1 .
DorAJsign Envelope ID.. 4ED15AF5-A5CD44E&A46F_6145B7DC03E5 The Arthur Rank Centre Company Llmited by Guarantee Trustees. Annual Report (Incorporatlng the Directorfs Report) (conllnued) Year ended 31 December 2024 Objecllves and actlvllleg The Arthur Rank Centre {Ihe CompanylARCI was incorporated in 2003 as a company limited by guarantee and registered with the Charity Commission Icharily number 11043IJOI. In 2010 the ARC was established as an independent charity. Its governing document is its Memorandum and Articles of Association. The objects for which the Company is constituted are as follows.. To advance religion by promoting religious activities and values amongst rural communities in such ways as the Irustees may from time lo lime determine and, but without limilalion: 1. To provide a focus and resource for the work of the Christian churches in rural areas through the sharing of good practice, the provision ol training and Ihe encouragement ol the Christian ministry; 2. To lead the Chrlslian churches in working to Improve the quality ol life of those Ilving or working In rural communilies. 3. Developing greater understanding between urban and rural communities, through the linklng of churches and other lailh groups. Publlc Beneflt The Truslees consider that their objectives, aclivilies and goals have a clear public benefit in enhancing the economic, social and cultural well-being ol rural communities. In drafting these slatemenls, the Trustees have complied wilh the Charities Act 2011. to have due regard to the public benefit guidance published by the Charity Commission Rlsk Manag8menl Risk assessment revi8ws are considered by the Trustees annually. The revlews idenllfy and assess the major strategic business and operalional risks lo which Ihe Charity is exposed and appropriate miligaling actlon is taken where necessary. The maln rlsk facing the Charity is a reduction In funding. The ARC team is conslantly looking for new partners and new funding streams lo mitigate any reductions in exlsling funding provisions. Liquidity risk may arise where insufliclent furKls are available to meet day lo day needs. See policy on Reserve5 detailed below.
Docusign Envelope ID.. 4ED15AFS.ASCD44EB-A46F*145B7DC03E5 The Arthur Rank Centre Company Limited by Guaranlee Trustees. Annual Report (Incorporaling the Director's Report) (conllnued) Year ended 31 December 2024 Achlevements and performance 2024 has been a year of steady development and consolidation for ARC, with progress made across several areas, including programme delivery, resource development, and financial slabilily. In what continues lo be an uncertain climate lor charities and rural comrnunilies alike, ARC has sought to remain responsive, faithful. and groundecl in ils core purpose.. lo support, equip and advocate for the rural church. Programme and Resource Development A major development this year has been the relaunch of the 15-monlh long Germinate Leadership training programme after a three-year pause following the pandemic. Eleven rural clergy from across the UK joined the new cohort, all of whom have now completed a 360-degree review and allended the first of three residential gatherings. The programrne is progressing well and offering valuable support lor those in demanding rural contexts. The Rural Mission and Ministry Course IRMMCI also contlnued to serve partlcipants well In 2024, wllh 2 further courses provided. It remains an imporlant strand in ARC'S overall training and encouragement of rural leaders. Developrnenl is also undeNay on a new Rural Bitesize online course, created in collaboration with The Melhodisl Church. Designed lo oller practical, accessible training in short tnodules, il is particularly aimed al those in rural ministry who may not be able to attend residential training. Thi5 course is due lo launch in early 2025. A pilgrimage-lhemed resource is also in the planning phase, aimlng lo help churches explore their local landscapes and histories through a lens ol spirilualily and mission. Work on the Beyond Consumerism initlalSve has continu8d al a genlle pace, wllh new materials being developed lo support local churches in exploring Christian discipleship, community life, and ethical living. The Just Food resource has been made available In a trlal capacity and wlll help Inform further development. Advocacy and Repre8enlatlon Throughout the year, ARC has continued lo speak into national and denorrinatlonal conversations, ensuring the realities of rural church life and farming communities are understood and taken seriously. Relationships with churches, networks, and ecumenical partners have ccntinued to strengthen, allowing for deeper collaboration and shared insight. Flnance and Capacily Financially, 2024 has been a year of stabilisation. After a difficult period navigaling the headwinds faced by many small charities - including rising costs and broader uncertainly in government and granl-making priorities . ARC has managed to maintain a sound footing. A short-lerm fundraiser was appointed in the early part of the year, securing some new income and laying impoflanl groundwork for future applications. Income this year has come from a combination of programme fees, donations, grants and investment income. The Trustees continue to monitor this closely and are considering ways lo further strengthen ARC'S funding base going loard. Governance and Leadershlp The TrLJStees remain grateful for the continued commitment and leadership ol the CEO, Rev'd Mall Jeffrey. With no additional slafl, the role remains demanding, and the 8oard is actively considering how best lo support and expand ARC'S cole capacity in the coming year.
DoeAJsign Envelope ID.. 4ED15AF5-A5CD44EB-A46F-6145B7DC03E5 The Arthur Rank Centre Company Limited by Guarantee Trustee5' Annual Report (Incorporating the Director's Report) (conllnued) Year ended 31 December 2024 Flnanclal revlew Reserves Policy and Golno Concern The Arthur Rank Centre will hold financial reserves on the following basis.. A reserve lo cover 6 months ol all operating costs and redundancy costs lo be used in the event of needing lo close the charity in a controlled manner. The level of this reserve to be calculated and set on 01 January each year. An additional reservg of al leasl £500,000 as an investment reserve to generate investment income lor the operational reqUreMentS of the charity. Investment Pollcy The Trustees aim lo invest lo maximise long term return, recognising that this would entail shorter lerm volatility. Trustees further agreed not to invest In.. All companies with any involvemenl in the produclion of landrnines or cluster bombs. Cornpanies with significant involvement in tobacco, the production ol pornography, and online gambling. Investments were reviewed by the Trustees during the year. Plans for future perlod8 As we move into 2025, we are excited about the road ahead. With a new online training offer on the horizon, further Gerrninale and RMMC gatherings planned, and an expanding network ol relationships across the country, ARC is well-posilioned lo deepen its support ol rural churches and communities. As Trustees, we ar8 also looking io bring in admin support for the charity for 2025 and beyond. We are especially grateful lo those who suslain this work through prayer, funding, encouragement, and participatlon. We commend this report and Ihe accompanying accounts to all who walk wllh us and look ahead wilh Irusl and hope. Small company provlslons This reporl has been prepared in accordance with the provisions applicable lo companies enlilled lo the small companies exemption. Chair and Director
Docusign Envelope 10.. 4ED1 SAF5.A5CD44E&A46F4145B7DC03E5 The Arthur Rank Centre Company Limited by Guarantee Independent Examiner's Report to the Trustees of The Arthur Rank Centre Year ended 31 December 2024 I report to the trustees on my examination of Ihe linancial stalemenls of The Arthur Flank Cenlre I'lhe charity'} lor the year ended 31 December 2024. Responsibilllles and basis ot report As the trustees of the company land also it5 directors for the purposes af company lawl you are responsible for the preparation of the linancial statements in accordance with the requirements of the Companies Act 20061'lhe 2006 Act'l. Having satisfied myself that the accounts of the company are not required lo be audited under Parl 16 01 the 2006 Acl and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151{bl of the 2011 Act. Independent examlnels 8tatomanl I have completed my examination. I conllrm thal no matters have come to my attention In connection wlth the examination giving me cause lo believe.. accounting records were not kept in respect ol Ihe charity as required by section 386 01 the 2006 Act., or Ihe financial slalements do nol accord with those records., or the financial 51alernents do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and lair, view which is not a maller considered as part ol an independent examination., or the financial statements have not been prepared In accordance with the methods and princlples of the Slatemenl of Recommended Praclice lor accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021. I have no concerns and have come across no other mallers in connection with the examination to which atlention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. NJCad allader FCCA For and On Behalf ol David Cadwallader & Co Limited Independent Examiner Suite 3 Bignell Park Barns Cheslerton Nr Bicester Oxon OX26 1TD
DocuskJn Envelope 10.. 4ED15AF5-A5CD44E&A46F*14587DC03ES The Arthur Rank Centre Company Llmlted by Guarantee Statement of Financial Activities (including Income and expendlture accounl) Year ended 31 December 2024 2024 Reslricled funds Total fund8 Total funds 2023 Unreslricted funds Note Incom8 and 8ndowment8 Donations and legacies Charitable activities Other trading activities Investment income Other income 6,715 33,474 15.580 6,715 33,474 15,580 8,728 17.071 19,453 100 1,317 57,086 1,317 Tolal Income 57,086 45,352 Expendlture Expenditure on raising funds.. Costs ol raising donations and legacies Investment management costs Expenditure on charitable activities Tolal expendlture 10 11 12,13 13 5,520 93,518 13 5,520 94,616 246 6,520 190.307 1,098 99.051 1,098 100,149 197,073 Net gains on investments 14 20,031 20,031 21,459 Net expendlture and nel movemenl In lundg 121 ,9341 11.0981 123,0321 1130,2621 Reconclllatlon of fund8 Tolal funds brought forwaid Total funds carrled lorward 708,745 6,137 714,882 691,850 845,144 714,882 686,811 5,039 The statement of financial aclivilies includes all gains and losses recognised in the year. All incorne and expenditure derive Irom continulng activities. The note9 on page$ 9 to 18 torm part ol these financial statements.
Docusign Envelope ID.. 4ED15AF5.A5CD44EBA46F4145B70C03E5 The Arthur Rank Centre Company Limlted by Guarantee Statement of Financial Posilion 31 December 2024 2024 2023 Note Flxed assels Investments 20 682.656 697,901 Currenl assets Debtors Cash al bank and in hand 21 4,386 11,160 4,151 27,597 31.748 15,546 Credltors: amount8 talllng due wlthln onè yoar Noi current a88e18 6,352 9.194 14,767 16.981 Total a88els le88 current Ilabili11g$ 691,850 691,850 714,882 Net a888ts 714,882 Funds of Ihe charily Reslricled funds Unrestricted fund5 5,039 686,811 6,137 708,745 Total charity funds 24 691,850 714,882 For th8 year ending 31 December 2024 the charity was enlilled lo exemption from audit under section 477 ol the Companies Acl 2006 relating to small companies, Directors, responsibllltles,. The members have nol required the company to obtain an audlt of Its financial statements for the year in question in acoordance with section 476. The directors acknowledge their responsibilities for complying with the requiremenls of the Act with respect to accounting records and Ihe preparation of financial statements. Theso financial 5talemenls have been prepared in accordance with the provisions applicable to companies subject lo the small companies, regime. These financial statements were approved by the board of trustees and aulhorised lor issue on 4&W.u, and are signed on behalf of Ihe board by.. rt44¥& ..8*t1 Chair and Director The noles on pages 9 to 18 lorm part of thes• financial 8tatement9.
DocusHJn Envelope ID.. 4ED1 SAFS-A5CD44EB-A46F-6145B7DC03E5 The Arthur Rank Centre Company Limited by Guarantee Notes to the Financial Statements Year ended 31 December 2024 Genoral Informatlon The charity is a public benefit entity and a private company limiled by guarantee, regislered in England and Wales and a registered charity in England and Wales. The address of the registered office is The View, 9 Barford Exchange, Wellesbourne Road, Barford, Warwick, CV35 8AQ. Slalement ol compllance These financial slalements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Aepublic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic ol Ireland IFRS 1021 (Charilies SORP IFRS 10211 and the Companies Act 2006. Accountlng pollci•8 Basls of preparalion The financial slalemenls have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabililies and investment properties measured al lair value through income or expendilure. The financial statements are prepared in sterling, which is the lunclional currency of the entity. Golng concorn There are no material unGerlainties about the charity's ability to continue. Judgam•nl$ and key sources of 8811mallon unc•rtalnty In the applicalion ol the charity's accounting policies, the Trustees are required lo make ludgemenls, eslimales and assumpiions about the carrying amounts ol assets and liabilities Ihat are not readily apparent from olher source5. The estimates and associaled assumptions are based on historical experience and olher factors Ihal are considered to be relevant. Aclual results may differ from these estimales. The eslimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate is revised if the revision alfecls only that period, or in the period ol the revision and future periods if the revision affecls both current and future periods. The Trustees do not consider Ihere are any critical judgements or sources of estimalion uncertainly requiring disclosure beyond the accounting policies listed above. Income tax ARC is a registered charity and is not subject lo laxation on Its income so long as this is used for its charitable activities.
Docuslgn Envelope ID.. 4ED15AF5-A5CD44E&A48F*145B7DC03E5 The Arthur Rank Centre Company Limited by Guarantee Notes to the Financial Statemenls (continued) Year ended 31 December 2024 Accountlng pollclos (contlnued) Fund accountlng Unrestricted funds are available for use al the discretion of the trustees to furlher any of Ihe charity's purposes. Designaled funds are unrestricted funds earmarked by the trustees for particular lulure project or commilmenl. Restricted funds are subA'ecled lo restrictions on their expenditure declared by the donor or through the terms ol an appeal, and fall into one of two sub-classes: reslricted income funds or endowment funds. Incomlng resource8 All incoming resources are included Sn the slalemenl of financial activities when enlillement has passed lo the charity- it is probable that the economic benelils associated with the Iransaclion will flow lo the charity and the amount can be reliably measured. The following specilic policies are applied lo particular categories ol income.. income from donations or grants is recognised when there is evidence ol entitlement lo the gill, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. Income from donated goods is measured al Ihe falr value of the goods unless this is impractical to measure reliably, in which case Ihe value is derived from the cosl to the donor or the eslimaled resale value. Donated facililies and seNices are recognised in the accounts when received il the value can be reliably measured. No amounts are included for the contribution of general volunleers. Income from contracts for the supply of services Is recognlsed wlth the delivery of the contracted service. This is olassified as unrestricled fund5 unless there is a conlraclual requirement lor it lo be spent on a particular purpose and returned if unspent, in which case il may be regarded as restricted. 10
Docusn Envelope 10.. 4ED1 SAFS_ASCD44EB_A46F-6145B7DC03E5 The Arthur Rank Centre Company Limited by Guarantee Notes lo the Financial Statements (contlnued) Year ended 31 December 2024 Accountlng policies (ContInd) Re80urces expendod Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannol b9 lully recovered, and is classified under headings of the statement of financial activities lo which il relates: expenditure on raising funds includes the costs of all fundraising aclivilies, events, non-charilable trading aclivilies, and the sale of donated goods. expendilure on charitable activities includes all costs incurred by a charily in undertaking activities that further ils charitable aims lor the benefit of its beneficiaries, including those supp)rl costs and costs relating lo the govefnance of the charity apportioned to charitable activities. other expenditure Includes all expendlture that is neither related lo raising funds for the charlly nor part of Ils expenditure on charitable aclivilies. All cosls are allocated lo expenditure categories reflecting the use ol the resource. Direct costs allributable lo a single activity are allocated directly to Ihal activity. Shared c051s are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tanglble assets Tangible assets are initially recorded al cost, and subsequently staled at cost less any accumulated depreciation and impairment losses. Any tangible assets carried al revalued amounts are recorded at the lair value at the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revalualion, is recognised in other rectyjnised gains and losses, unless il reverses a charge for impairfflenl that has previously been recognised as expenditure wilhin Ihe slalement ol financial activities. A decrease in the carrying amount of an asset as a resull of revaluation, is recognised in olher recognised gains and losses. except to which il offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement ol financial aclivilies. Depreclatlon Depreciation is calculated so as to write off the cost or valuation of an assel, less ils residual value, over the useful economic life of that asset as follows: Equipment 33Yo Straight line Investments Unlisted equity investments are initially recorded at cosl, and subsequenlly measured at lair value. If fair value cannot be reliably measured, assets are measured at cost less impairment. Listed inveslmenls are measured at fair value with changes in fair value being recognised in income or expenditure. 11
Docusign Env&lop8 ID.. 4ED15AF&A5CD44E8-A46F-6145B7DC03E5 The Arthur Rank Centre Company Limited by Guarantee Notes lo the Flnanclal Statements (c¢tInued) Year ended 31 December 2024 Accounllng pollcles (Mntlnu8d) Deflned contrlbutlon plans Contributions lo defined contribulion plans are recognised as an expense in the period in which the related seNice is provided. Prepaid conlributions are recognised as an asset lo the extent that the prepayment will lead to a reduclion in future payments or a cash refund. When contributions are nol expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the relaled service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which il arises. Llmlled by guarantee The Arthur Rank Centre I'ARC") is a company limited by guarantee and a registered charlly governed by ils memorandum and articles of association dated 27 August 2010. In Ihe event of the organisation being wound up each Iruslee agrees to contribute £10 towards the c051s ol dissolution. The company is also registered with the Charity Commission lor England & Wales. Charity number 1104300. Company number 04917066. Donallon8 and legaclos The National Rural Officer of the Melhodisl Church has worked alongside the Centre lor some years. These donated seNices have not been included within the Slalemenl of Financial Activities as either income or expenditure. Unrestrlcted Total Fund8 Unreslricled Total Funds Funds 2024 Funds 2023 Donallons The Bishop Radford Trust The SMB Trust The Gibbs Charitable Trust 2,000 1,500 2,000 2,000 1,500 2,000 Other donallons and legacle8 Olher donations and legacies 1,215 1,215 8,728 8,728 6,715 6,715 8,728 8,728 12
Docusign Envelope 10.. 4ED15AF5-A5C044EB.A46F_614SB7DC03E5 The Arthur Rank Centre Company Llmlted by Guarantee Notes to the Financial Slatemenis (conlinued) Year ended 31 December 2024 Charllable actlvttle8 Unreslricled Total Funds Unrestricted Tolal Funds Funds 2024 Funds 2023 Sale of services as part ol direct charilable activities Church lile and mission Conferences & courses Country Way and other subscriptions 340 340 121 12,139 4,811 33,134 33,134 12,139 4,811 17,071 33,474 33,474 17,071 Other tradlng acllvlti•s Unreslrlcted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Inveslrnenl income 15,580 15,580 19,453 19,453 Inve8tment Income Unreslricled Total Fund8 Unrestricted Total Funds Funds 2024 Funds 2023 Other interest receivable 100 100 Other In¢ome Unrestricted Tolal Funds Unrestricted Total Funds Funds 2024 Funds 2023 Other income type 1 1,317 1,317 10. C08ts of ra18ing donatlons and legacles Unrestricted Tolal Funds Unreslricled Total Funds Funds 2024 Funds 2023 Fundraising 13 13 246 246 11. Investmont management co8t8 Unrestricted Total Funds Unreslricled Total Funds Funds 2024 Funds 2023 Inveslment managernent cosls 5,520 5,520 6.520 6,520 13
DosIgn Envelope ID.. 4ED15AF5-A5Ctk44E8-A48F-6145B7DC03E5 The Arthur Rank Centre Company Limited by Guarantee Notes to the Financial siatemenls (continued) Year ended 31 December 2024 12. Expendlture on charftabl8 acllvitles by tund type Unreslricted Funds Restricted Total Funds Funds 2024 Charitable activities Support costs 87,224 6,294 1,098 88,322 6,294 93,518 1,098 94,616 Unrestricted Funds Restricled Tolal Funds Funds 2023 Charitable activities Support costs 167,433 19,446 3.428 170,861 19,446 186,879 3,428 190,307 13. Expendllure on charltable actlvitles by activity type Activities undertaken directly Supp)rt costs Total lund8 2024 Total fund 2023 Charitable activities Governance costs 88,322 88,322 6,294 170,861 19,446 6,294 88,322 6,294 94,616 190,307 14. Net galn8 on Inv•slments Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Gainslllosses) on listed investments 20,031 20,031 21,459 21,459 15. Net expenditure Net expenditure is stated after chargingllcreditingl.. 2024 2023 Depreciation of tangible fixed assets 2,028 16. Independent examlnallon leos 2024 2023 Fees payable to the independenl examiner for.. Independent examination of Ihe financial statements 2,400 2,350 14
Docusign Envelope ID.. 4EDI 5AF5-A5CD44E8-A46F-6145B7DC03E5 The Arthur Rank Centre Company Limited by Guarantee Noies to the Flnanclal Statements (cl111d} Year ended 31 December 2024 17. Staff ¢0818 The total staff costs and employee benefits lor the reporting period are analysed as follows= 2024 2023 Wages and salaries Social security costs Employer contributions lo pension plans Other employee benefils 46,417 1,239 1,393 1,456 75,162 2,340 3,522 8,294 50,505 89,318 The average head counl of employees during the year was 1 12023.. 21. The average number of full.lime equivalenl employees during the year is analysed as follows,, 2024 2023 No. Number of staff No employee received employee benefits ol more than £60,000 during the year12023'. Nill. 18. Trustoe remuneratlon and expen8e8 No remuneration was paid to Trustees for Iheir services 19. Tanglble flxed a88ets Equlpmont Co81 At 1 January 2024 and 31 December 2024 Dopreclallon Al 1 January 2024 and 31 December 2024 Carrylng amount At 31 December 2024 48,851 48,851 At 31 December 2023 15
Docusign Envelope ID.. 4ED15AF&ASCD44EB_A46F4145B7DC03E5 The Arthur Rank Centre Company Limited by Guarantee Notes to the Financial Stalements (contlnu8d) Year ended 31 December 2024 20. Investments Olhor Investments Cost or valuatlon At 1 January 2024 Additions Disposals Fair value movements 697,901 52,107 {87,3831 20,031 At 31 December 2024 682,656 Impalmienl At 1 January 2024 and 31 December 2024 Carrylng amount At 31 December 2024 682,656 Al 31 December 2023 697,901 All investments shown above are held al valuation. 21. Debtor¥ 2024 2023 Trade debtors Prepayments and accrued Income Olher debtors 3,540 338 1,513 2,300 4,386 4,151 22. Credltor8.' amounts talllng due wlthin one year 2024 2023 Trade creditors Accruals and deferred income Social securiiy and olher laxes Other creditors 81 3,756 2,515 5,200 8,124 1,143 300 6,352 14,767 23. Penslons and other p08t retlremont benoflts Deflned conlrlbutlon plans The amount recognised in income or expenditure as an expense in relation lo defined contribution plans was £1 ,393 {2023.' £3,522). 16
Docu6lun Envelope ID.. 4ED15AF5_A5CD44EB-A46F-614587DC03E5 The Arthur Rank Centre Company Llmlted by Guarantee Notes to the Financial Statements (ContInd) Year ended 31 December 2024 24. Analysis ol charitable funds Unreslrlcted lunds At Gains and 31 December losses 2024 At 1 January 2024 Income Expenditure General funds Germinate Leadershlp Food Project Rural Mission and Ministry Course Resource Creation 699,564 1,720 4,778 18,452 19,760 164,9781 113,3501 20,031 673,069 8,130 4,778 2,683 18,874 119,007) 11,7161 199,0511 2,550 11,7161 686,811 708,745 57,086 20,031 Al Galns and 31 December losses 2023 At 1 January 2023 Income Expenditure General funds Germinate Leadership Food Project Rural Mission and Ministry Course Resource Crealion 828,197 2,270 5,112 42,669 1192,7611 15501 13341 21,459 699,564 1,720 4,778 2,683 2,683 835,579 45,352 1193,645) 21,459 708,745 Reslrlcted lunds At Gains and 31 Docember losses 2024 Al 1 January 2024 Income Expenditure Jerusalem Trust Local Collaboralive Ministry Churches Rural Group 3,197 11.0981 2,099 557 2,383 557 2,383 6.137 11,098) 5,039 At Gans and 31 December losses 2023 Al 1 January 2023 Inwm9 Expenditure Jerusalem Trust Local Collaboralive Ministry Churches Rural Group 3,197 3,197 557 5,811 557 2,383 13,4281 13,4281 9.565 6,137 17
Docusign Envelope ID.. 4ED15AF5-A5CIN44EB_A46F-614587DC03E5 The Arthur Rank Centre Company Limiled by Guarantee Notes lo the Financial Statements (eonllnuedj Year ended 31 December 2024 25. Analys18 of net assets b8lwegn lunds Unrestricted Funds Restricted Total Fund3 Funds 2024 Investments Current assets Creditors less Ihan 1 year Net a8sel8 682,656 10,507 16,352) 686,811 682,656 15,546 16,352) 691,850 5,039 5,039 Unrestricted Funds Restrict8d Total Funds Funds 2023 Tanglble flxed assets Inveslmenls Current assels Creditors less than 1 year Nel a88ets 697,901 25,611 114,7671 708,745 697,901 31,748 114,7671 714,882 6,137 6,137 18