COMPANY REGISTRATION NUMBER: 06473749 CHARrrY REGISTRATION NUMBER: 1123819 THE RUSTY BUCKET CIIRISTIAN RESOURCE CENTRE Company Limited by Guarantee UNAUDITED FINANCIAL STATEMENTS 31 DECEMBER 2023 Chartml certifi Accountants Morval Cornwall PL13 IPN
THE RUSTY BUCKET CHRISTI RESOURCE CENTRE COMPANY LIMITED BY GUARAKfKE YEAR ENDED 31 DECEKBER 2023 PAGE Trustees, arjttual report (incorttIng the diT¢Ctots rq)orr) Charter&l certified accountants rqM)rt to the board of trustees on the preparation of the unaudited statutory financial stat¢m¢nts Statement of financial activities (including income and exp¢nditure account) Stateent of funCIal position Not&s to the financial statemfflts The folloiving pa2es do not forni part of the fmAneixl staternents Detsiled statement of financial activiti 17 Notes to the detailed statement of finanaal activiti& 18
THE RUSTY BUCKET CHRISTIAN RSOURCE CENTRE COMPANY LIMTfED BY GUARANTEE TRUSTEESI ANNUAL REPORT (IliCORPORATINC THE DIREcfoRIS REPORT) YEAR EIYDED 31 DECEMBER2023 The trustees, who are also the directors for the purSe8 of company law, present their report and the unaudited fingnciai statements of the ¢])arity for the year elld 31 December 2023. REFERENCE AND ADMtNISTRATIVE DETAILS Registered charlty name The Rusty Bu¢ket CbrA8tian Resour£Y Centre Charity registratAon number 1123819 Company regtstration number 06473749 Principal office and registered offi¢e I l Bakeley crllt Uphill Weston.Super.Mare North Somers¢t BS23 4XZ THE TRUSTEES MrP Penhaligan Mrs P Penhaligan COMPANY SECRETARY Mrs P Pa)]lIgan ACCOuhAs M¢th¢r¢ll Gard Charter&l certifi Accountants Morval LA)0¢ Cornwall PL13 IPN STRucfuR4 GOVERNANCE AND MANAGLMEiYr Governfing document The organisation is a charitable Company tAmital by Guarantee inc0Trated in January, 2(K)8 and registered &s a chaTity io April, 2tM)8. The company was established under a Memorandum of Association that estsblished the objects and powers of thc cbaritable company and is governed under its artic1&8 of A&sociation. Jn the ¢v¢nt of the company being wound up m¢nthL7 arc r¢quircd to Contribute an amount not excealing £10.00.
THE RUSTY BUCKET CHIUSTIAN RESOURCE CENTRE COMPANY LIMrfED BY GUARANTEE TRUSTEESI ANNUAL REPORT (INCORPORATING THE DIRECTORIS REPORT) YEAR ENDED 31 DECLIIBER 2023 STRUCTUR[ GOVERNANCE MANACEMEiYfito•th*ff4) Recrnitment and appolntment of new trnstees Th¢ dirc¢tors of the company are also clwity trustees for the of tharity law and under the companys articles are known &s trust. Following the retiremen¢ in Novemb¢r 2022, of MTS D SinAps0 Mr R Simpson and Mrs C Melltis, the decision was made not to s¢¢k additional trustees but to take the nec&%wy time to effectively address the charit518 future. Ple&se note- All tmstees give th¢ir tinJ¢ voluntarily and receive no benefits from the charity. Organisational structure Tntee8 are jointly responsible for strat¢gi¢ dir¢¢tion and policyof the charity. Risk nLqnagement Th¢ tsiJst¢cs havc a duty to 1(lentify.a[ leW the risks to which the clwity is ex)S and to ensure appropriate ntrOlS are in place to provide reasonable assurance against fraud and OBJECTIVES AND AcrIvrrIES Objectlves and aln The charit5ls objectiv¢s a5 sd out in the CoMpanS Memorandum of Association are . To advance the ChrAstian faitb in tA)oe and in such other parts of the United Kingdom or the world as the directors of the Cbarity (herein (xlled 'the truste48")may from time to timc think fit and to fulfil such other purp)s¢8 which are exclusively clwitable acci)rdiDg to th¢ law of England and Wales and relate to the ¢bltable work of th¢ Charity. To relieve petsons who are in c4)nditions of need or haTdsbip or who are aged or si¢k and to relieve the distress caused th¢reby in the said location and in such other parts of th¢ United Kingdom or the world &8 the trustees may from tim¢-tO-tic think fiL To provide facilities for recreational and other leisur¢-tim¢ occupation in the intets of social welfare for peT8ons who bav¢ need by ren of their youd4 povety, or so¢ial and economic circumstances and with the object of improviug th¢ir conditions of lrfe in the said location and in such other parts of the United Kingdom as the trnstees may from time-to-time thÉnk fit. We are a con]munity charity operating fron] Uphill, Nortll Somersd. We believe that it is important that our trustees commit to regular ¢valuations of the Clwitys Aims and Obj¢ctiv¢s. W¢ ar¢ c0nllnitt to meet community neo]s and are flexible in how we raspond to those ne&ls whilst tt (x)mpromising th¢ above Stat Aims and Objectives.
THK RUSTY BUCKET CHRISTIAN RESOURCE cEiYfRE COMPANY LIMrrED BY GUARANTEE TRUSTEESI ANNUAL REPORT (INCORPORATING THE DIREcfoR'S REPORT) YEAR ENDED 31 DECEMBER 2023 OBJECTIVES AND ACTIVITIES ACHIEVETMtEKrs AND PERFORMANCE Slgnifieant activities Although the charity MOV from tDoe in December 2021 we continued to InVt ill that Community through a self-anpl0y arrpngement with Sara Baron to a&8iSt with the continu impact of Boundless Trust in developing sustaithle mmunity projccts. This arrangen]ent came to a naturni Conclusion toward8 the ffld of the rq)orting year. Having mov¢d it's principal offic¢ from 0e to Uphill, liorth Somerset, the charity h identified a significant potential partllehjp opportuntty with St. Paul's Chur¢h - a tljriving community focused estsblishment in tbe centr¢ of Weston Super Mare. Our fit partneTship attangement was to fimd a part tim¢ onployee to explore the gtowth p)tential fore a Young Adults 18-30 ministy. Jn additio we are p$tlY considering a major investment in the church's growing youth ministy. Public Benefit Statsment The tnL8tees have complied wxth tbe duty in stioll 4 of the 2(M)6 Charities Act to have due regard to guidance publishe41 by the Ckwity Commissioll Reserve8 policy Any rtstriclion of re[v¢S is idelltifial on rc(%ipL &8 at year end there were £682 of rcstricted reseTves and £118436 of llnre5trict raserva. The Statement of Financial Activities shows net income in the yvar of £1904
THE RUSTY BUCKET CHRISTIAN RESOURCE CENfRE COMPANY LIMITED BY GUARANTEE TRUSTEES, AIYNUAL REPORT (INCORPORATING THE DIREcfoRIS REPORT) YEAR ENDED 31 DECLMBER 2023 PLANS FOR FtrruRE PEIUODS To be trusted. To be gtK>d listeners, not just talk. To be consistent in our decision makin& To invest our fimds wisely. STrL4LL COMPANY PROVISIONS This report has been prepared in ac4x>rdance with the provisions applicable to cornpanies entitled to the stnall companies exemptio d sigoed on behalf of the board of ttv8tee8 by: F£Lk Mr P Penbaligan Tntee Mrs P PenhaIigan Chatity Secretary
THE RUSTY BUCKET CHRISTIAN RESOURCE CENTRE COMPANY LIMrrED BY GUARANTEE CHARTERED CERTIFtED ACCOLwfAMS REPORT TO THE BOARD OF TRUSTEES ON THE PREPARATIOIN OF THE UNAUDrrED STATvfoRY FINANCIAL STATEIKENfs OF THE RUSTY BuCT CHRISTIAN RLSOURCE YEAR ELWED 31 DECEMBER 2023 As describ on the statement of financia] positio the tr8tee5 of the charity are resnsIble for the preparation of the financial statements for the year ended 31 December 2023. which comprise the statement of finoncial activities (including inwm¢ and ¢xp¢nditure account), statement of financial position and the related not&8. You consider that the charity is exempt from an audit under the Cornpani&s Act 2006. Jn accordance with your instCtiOnS we bave compiled these financial Statements in order to &ssist you to fidfil your statutory responsi111tie5, from th¢ accounting r¢cords and fro inforniation and explanations supplied to us. METHERELL GARD Chartcrcd C¢rtifi¢d Accountants Morval Cornwall PL13 IPN
THE RUSTY BUCKET CHRISTLIN RESOURCE CEIYTRE COMPANY IJMrrED BY GUARANTEE sTATE1T OF FtNANCIAL AcrIvtTIES CLUDLYG INCOME AND EXPENDTfuRE ACCOUNT) YEAR Ehl)ED 31 DECEMBER 2023 2023 UnrGstsict¢d Re8tri¢t¢d funds funds Total funds TotaI funds 2022 Not¢ Income and endoivments Donations and legacies tnvestment incorne Othw income 291 1,593 20 291 1,593 (1,445) 202 Total llleome 1,904 (1,243) Expendfiture Expenditure on charitable activities 89 (26,688) Other exp¢nditure io Totsl expelldAtre (26,536) (65,089) (6,123) Q6,536) (71212) (26,688) Net expendlture 2nd net m0vellnt In funds (24,784) (24,632) (72,455) Reconciliation of funds Total fill)ds brought forward Total funds carried forlvard 143,220 118,436 682 143,902 119,118 216,357 143,902 682 Th¢ stat¢An¢nt of financial activiti¢s includes all gains and losses reco19& in the ye4T, All income and expenditure derive from ntinuing activities. The notes on pages 9 to 15 form part of these falle $tatsm¢nts.
THE RUSTY BUCKET CHRISTIAN RESOURCE CENTR COMPANY LITTED BY GUARANTEE STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2023 2023 2022 Note CURRENf ASSETS Debtors Cash at bank and in hand 14 317 120.060 120J77 312 144.698 145,010 CREDITORS: amounts fallfng dlle wlthfin one year Is 1.107 1.108 143,902 NET CURRENT ASSETS 119,270 TOTAL ASSETS LESS CURRENT LIABILfrIES 119370 119270 143,902 143,902 L¥IET ASSETS Restricted fimds Unrestricted funds 682 118,436 119,118 682 143,220 143,902 Total charity funds 16 For the year ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relatillg to companies. The memb8 have not rcquirn] the company to obtain an a]lt of its flllancial stat¢m¢nts for the year in question in accordanc£ with section 476. The directors acknowltsjge their r&sE11ties for complying with the requirements of the Act with rwt to accounting rordS and the prepardtion of financial statements. These financial statements have been prepar in ac(x)rdance with the provisions appIicabl¢ to cornpanies subject to the small compani&%' regime. The Statement of financial position continues on the following page. The notes on pages 9 to 15 form part of these finan¢lal ststsments.
RUSTY BUCKET CHIUSTIAN RESOURCE CENTRE COMPANY LThirrED BY GUARANfEE STATEMENT OF FINANCIAL posrrioN 31 DECEMBER 2023 financial statoncnts were approvd by the board of trLL8te¢8 and authoTis¢d for issue on trxept, and are $i¢d on behalfofthe bo8rd by: Mr P Penhaligan TrLTStee The notes on pages 9 to 15 forni part of these fman¢lal Stateents.
THE RUSTY BUCKET CHRISTIAN RESOURCE CENlllE COIIIPANY LJMrrED BY GUARANfE NOTES TO THE FINLNCIAL STATEMENrs YEAR ENDED 31 DECEMBER 2023 GENERAL INFORMATIOY The charity is a public benefit entity and a private company limit by guarante4 regist¢r&J in England and Wales and a registered cEIty in England and Wales. The addrcss of thc rcgistcrcd office is I l Berkeley crent, Uphill. WestOn-Super-Ma, North Somers4 BS23 4XZ. STATEMLNT OF COIWPLIANCE These financial statements have been prepared in complianc¢ with FRS 102, The Financial Rep)rting Standard applicable in tbe UK and the Republic of Ireland,, th¢ Statement of Recommended Practice applicable to charities pr¢paring their accounts in a¢cordauce with the Financial RqM)rting Standard applicable in the UK and Republic of Jreland (FRS 102) (Charitie8 SORP (FRS 102)) and the compani Act 2(M)6. ACCOUNTING POLICtES BASIS OF PREPARATIOLY The financial statemfflts hav¢ b¢ pr¢pafftl on the historical a)st b&8Ès, 88 modifieAJ by the revaluation of certain financial &8sets and liabiliti&s and investment properties me&wred at fair value througb iiiLxiin¢ OT ¢xp¢nditure. The financial ststemfflts are pr¢par1 ill stlin& v4hi¢h is the fjJnctional currency of the entity. GOING COryCERIY There are no material Unc1nti5 about the Charitys ability to continue. DISCLOSURE ExEmI0Ns The &cllts have been prepar in a¢COrdan with the proF•lSiOLS of FRS 102 Section IA small entitias.
THE RUSTY BUCKET CHRISTIAN RESOURCE CENTRE COTrIPANY LLltrrED BY GUARANTEE NOTES TO THE FINANCIAL STATKMENfs (Wth*) YEAR ENDED 31 DECEMBER 2023 ACCOUNfING POLICIES FUND ACCOUINTtNG Unrestri¢tPAI fimds are available for use at the disl0n of the tnLt t() further any of the chlS purposes. Desiguated fimds arc unrestricted fimds earnwk by the trustee5 for particthar future project or comtnitrnenL Restrict funds are subjeed to T&StTiCtions on their expenditure declared by the donor or through the toms of an appeal, and fall into one of two su¢]95. restricted incorne fimds or endowment fimds. INCOMING RESOLIiCKS All incoming resources are included in the 8tat¢ment of financial activiti&s when entitlement has p&8sed to the charity. it is probable that the economic benefits as80¢iat with th¢ transaction will flow to the charity and the amount can be reliably measured. The following Splfi¢ policics are applied to particular categories of inrne: income from donations or grdnts is reLx>gDi8&1 wh¢n thffe is evidence of entitlement to th¢ gitt, rcIpt is probable and its atnount can be measured reliably. legacy inwm¢ is rgniSed when receipt is probable and entitl¢m¢nt is tablIShed. incorne from donat goods is measural at the fair valu¢ of the goods unl&8s this is impractical to measure rcliably, in which case the value is derived from the cost to th¢ donor or th¢ ¢StIn)at resale value. DoDateA faciliti&8 and servicss are reCognisl in the accounts when receiv if the value Can b¢ r¢liably measured. No amounts are includal for the contribution of general volunteers. inwm¢ from contracts for the supply of Servi is recngnised with the delivffy of the contracted wvice. This As Classifi &8 unrestrictcd ndS unless there is a contractual requir¢mcnt for it to be spent on a particular pury)ose and returned if un8p¢ll( in which case it may be regarded as restrict&l. io-
THE RUSTY BUCKET CHRISTJAN RESOURCE CENTRE COMPLNY LIMITED BY CUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR EhT)ED 31 DECEMBER 2023 AccouNfiNG POLICtES RESOURCES EXPENDED Expenditure is TOgnISed on an accruals b&sis &s a liability is in(Xr&I. Expenditure includes ally VAT whicb cannot b¢ fully recovrf and is classified under headings of the statemettt of financial activities to which it relatss: expenditure on raising funds includ&s the costs of all fundraising activities, events, In-ch1t&b1e Irading activitias, and the sale of donat&J goods. expenditure on charitable activitiGS includes all c08ts incurred by a charity in undertaking activities that further its ¢l]aritable aims for the benefit of its beneficiaries. including those support costs and costs rdating to the governance of the ckLaTity apwrtioned to charitable tiviti$. other expenditure includ&s expenditure that is neither relabj to raising funds for the charity nor part of its expenditure on charltable activities. All costs are ajlocated to expenditute categori¢8 T¢fl¢¢ting the use of the resource. Direct C4)sts attrAbutable to a sit¢ activity are allocated directly to that activity. Shared ¢osts ar¢ apportioned between the activiti they (x)ntribufr to on a r(wonable, justifiable and consistent basis. DEPRECIATION D¢prc¢iation is l¢ulatCd so &8 to write off the cost or valuation of an SeE less its r¢sidual valu¢, ov¢r the $¢ful econon]ic Life of that ass¢t &s follows: FIXtLeS and Fittings Computer Equipm¢nt Plant alld Machinery 250/0 rolucing baJaDC¢ 330/0 reducing balanc INVESTIIENT PROPERTY Investment propety is initially rOrded at cosL which includes purchase price and any dir¢¢tly attributabl¢ ¢xpenditure. tnv¢stment property is revalued to its faiT value at each rertIng date and any changes in fair value are recognised in illLX)me or expenditu. If a rcliable nL¢asurc of faiT value is DO long¢r available without undue cost or effort for an item of investment property, it shau be transferrnl to tsllgiblc assets and treat¢d &8 such until it is eXptea that fair valu¢ will b¢ r¢liabLy me&%urable on an on-going b&%is. li-
THE RUSTY BucKT CHRISTIAN RESOURCE CENfR COMPANY LIMTTED BY GUAIL4NfEE NOTES TO THE FINANcL STATEMENfs YEAR E7)ED 31 DECEMBER 2023 LIMITED BY GUAiiAiYfEL The con]pany is limit by guarantee. In th¢ ¢v¢nt of a winding up of the Company, members are r¢quir¢d to ¢ontiibute an amount not excealAng £10. DONATIONS AND LEGACIES UnrestrictTotl Funds UnTestrIcl Total Funds 2023 Funds 2022 DONATIONS Donations 291 291 (1,445) (1,445) Some donations have beffl r¢turnl to donors &s unurf resulting in negative donation VESTMENf COmE u[]1[1c1edT0tl Fund5 Unrestricted Total Funds Funds 2023 Funds 2022 Bank interest receivable 1,593 1093 202 202 OTHER LNCOME UnrG8tri¢tedTotal Funds Unffstricted Total Funds 2023 Funds 2022 Other Income 20 20 ExPENDURE ON CHARITABLE AcrivrrIES BY FUND TYPE UnK8trictolTotsl Funds UnTtrActed Total Funds 2023 Funds 2022 Faciliti¢s management cost Supwt costs 24,673 2,015 26,688 24,673 58,349 6,740 65,089 58,349 6,740 65,089 26,536 12-
TllE RUSTY BUCKET CHRISTIAN RESOURCE CENTRE COMPANY LINIITED BY GUARANTEE NOTES TO FINANCJAL STATEMEiYfs YEAR ENDED 31 DECEMBER 2023 EXPEN[ 01¥4 CHARrrABLE AcrIvtTIES BY AcrIvrrY TYPE Activiti&8 ndertak directly Support Total funds Total fimd o)sts 2023 2022 Facilities nlagement wst GovernanLY costs 24,673 24,673 58J49 6.740 65.089 1.863 1,863 24,673 26536 10. OTHER EXPENDITURE Unr&8tricteA Total Funds Unrestiicted Total Funds Funds 2023 Funds 2022 Loss on disposal of tangible fix assets held for cbaritys own use 6,123 6,123 11. ryET EXPENDifuRE Net expenditure is stated aft C1)aT(credtÈlng). 2023 2022 L05s on disposal of tan7)le fixed &ss¢ts 6,123 12. TRUSTEE REMUNERATION AND EXPENSES No renluneration or other benefits from employment with the GILty or & related ¢ntity were received by the tThJs. One or more trustees has claimd expenscs or had their expens&g met by the charity. The total aoUnt paid by the tharity for ttee expenses is £300. This repres¢nts the contributions towards living costs for gu&sts. 13. INVESTMEiYrs Total Carrying amount At 31 December 2023 At 31 De¢¢mb¢r 2022 iJ-
THE RUSTY BUCKET CHRISTJM RESOURCE CENTRE COMPANY LIMITED BY GUARAiYfEE NOTES TO THE Vlll"Ah'CIAL STATE1[[8 YEAR ENDED 31 DECEMBER 2023 13. INVESTMEIYfS All investments shown above are held at valuation. 14. DEBTORS 2023 2022 Prepayments and accrued inLX)me Coll]munity loans 153 164 148 317 312 15. CREDfroRS: amounts faulng due within one year 2023 2022 Accnjals aad defetred income Other creditors 1,019 88 1.019 89 1,107 I,108 16. AYIALYSIS OF CHARfTABLE FUNDS Unrestrleted funds At l January 20 23 At 31 Deeenjbe r 2023 ]ncA)me Exp¢nditur¢ General fjJnd8 143220 1,904 (26,688) 118N36 At l January 20 22 At 31 Dthe r 2022 (x)me Ex[ndItUre General fimds 215,675 (1,243) (71,212) 143,220 14-
THE RUSTY BUCKET CHRISTIALY RESOURCE CENTRE COMPANY LIMITED BY GUARANfEE NOTES TO THE FINLNCIAL STATEMENfs (¢orfthwtdJ YEAR EIYDED 31 DECEMBER 2023 16. ANALYSIS OF CHARrrABLE FUNDS (co* Restrleted funds At l January 20 23 At 31 Decembe r 2023 Income Bxpenditur¢ Youth & community develOpmt 682 682 At l January 20 22 At 31 Decembe r 2022 Inwme Expenditu Youth & community development 682 682 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS unrACted Restri¢tdTotsl Funds Funds Funds 2023 Current assets Creditors Iw than l year Net assets Unrestricted Rthicted Total Funds Funds Funds 2022 Tangible fix a&sets Inv&sttllents Current assets Creditors less than l year Creditors greater than l year et assets 144,328 (1,108) 682 145,010 (1,108) 143,220 682 143,902 18. RELATED PARTIES There were no relatal party tra[CtionS that w¢r¢ required to be disclosed during the period. 15-
TFIE RUSTY BUCKET CHRISTIAN RESOURCE CENTR COMPANY LITrtrrED BY GUARANfEE MANAGEMENT INFORMATION YEAR EL4DED 31 DECEMBER 2023 The following pages do not forni part of the fmancial statsments. 16-
THE RUSTY BUCKET CHIUSTIAN RESOtJRCE CENlllE COMPANY LIMrrED BY GUARANfEE DETAILED STATEMKNf OF FIJIAIYCIAL AcrIvrriES YEAR ENDED 31 DECEMBER 2023 2023 2022 Income and endowments Donallons and legacies Donations 291 (1,445) Inveslment income Batfft intet&yt receivable IA93 202 other income Other ]nconLe 20 Total income 1,904 (1,243) Expendlture Expenditure on charltable activitie8 tnsurance Legal and pf10Thal fees Other office costs Other interest payabl¢ and similar charges Sundry Hospitality Outreach WOTk The Haven Project Grants given Cornwall community crisis fiu 690 1,152 319 21 768 6,045 290 39 6,875 103 625 52,863 975 3,417 65,089 15,947 IA06 26536 Other expenditure Loss on disposal of tall7)1¢ fix1 &ts held for charitys own vse 6,123 Totsl expendIt¢ 26036 71,212 Net expendfiture (24,632) {72,455) 17-
THE RUSTY BUCKET CHRISTIAN RESOURCE CENTR COMPAI%Y LI1ED BY GUARANfE NOTES TO THE DETAILED STATEThr OF FINANCIAL AcrIvrrIEs YEAR ENDED 31 DECEMBER 2023 2023 2022 Expenditure on ble activAties Frdellltle8 nlageDnt cost Activities underhiken direcdy Licences & insurance Postage & stationery Sundry Hospitality Outreach wo The Haven Project Grants given Cornwall conllllunity crisis fund 73 290 319 39 6,875 103 625 52,863 975 3,417 58,349 15947 24,673 Governance costs Govemance costs . insurJnc¢ Governance costs - accountancy f tEgal & professional fees Bank charg¢s 695 l.236 4,809 1.152 21 6,740 Expenditure on charitable activities 26W6 65,089 18-