CRACOE & RYLSTONE COMMUNITY FUND CRCF A charitable fund established for the nefft of local residents and community organisatlon in the North YoTkshire Parishe5 of Cra(De, Rybtone. Hetton and Bordley Registered Charity No. 1127163 Annual Report and Financial Statements for the year ended 5 April, 2023 Chairnian of Trustees Moyra Livesey, Beech, Back Lane. Rylstone, Sknpton BD23 6LJ Honorary Secretsry Dr. Shala Mary Stoney, Sknrsegill. Fleets Lane. Hetton. Skipton BD23 6LP Honorary Treasurer Helen Pullin, Fell Beck, Bad( Lane, Cracce, Skipton, B023 6LF Bankers CAF Bank Independent Examiner Daniel Taylor, Chartered AccountanL Back Lane. Rylstone, Sknpton BD23 6LJ Registered Address Sunset Barn. CraoJx, skn.pton BD23 6LB
The Cracoe and Rylstone Community Fund ('he Charlty") Registsred Charity Number 1127163 Trustees. Report for the year ending on 5th April. 2023. l. The Charty was crealed by a DedaratTh of Trust ltt)e"Trust D1") dated 1711 N¢wember, 2008 and registered with the Chanty commiss under the ab)ve number on 12th De¢ember, 2CQ8. 11 onty came into funds (other than the initFal £100) on Pi September. 2010 when the firsl payments totalling £111,111 were made by Tamia¢ Limibj under a FurKling Agreewnt I'the Funding Agreemenfl dated 7th November 2008 and made betsveen Tarmx Limited (11. Cracoe Pansh Mtsng {2). Rylstone Pansh Meets'ng {31 and Cracoe Water Company Limrted14). 2. The first Trustees. Messr5 PRP Chaolvth and AD Ivn.gth, resKJned in D&amb8r 2010 after the first set of IcKal trustees had been elected by the Parish MeetiThJs of Cracoe, Rylstcffle and Hetton in accordance with thè TTUSt Deed. The current Truste8s are Messrs David Chew {revek¢ted Noveml)er 20201, Helen Pullin and Rhard Webster (all of Cracoe). Moyra Lrrfesey elected November 20211 and James Butcher {botrt of Ryl$lon61 and Sheila Stoney (of Hettonl. Moyra LNesey has been ele¢ted Honorary Chairman, Sheila Stoney has been elected Honorary Secrètary and Helen Pullin was elected Honorary Treasurer on 15bl Novembar, 2019 to replace Barrie Holloway who resigned as a Trustee. Sarah Hartley has been appointed as Clerk to the Trustees. The official address of the Chanty kl that of the Clerk to the Tn¢¢5 narnty Sunset Bam, Cracoe, Skipton. North Yorkshire BD23 8LB 3. The Charity's objects a'SUch exclusivety ch8ntable objects or purposes for the benefft of tho inhabitants and communities of the area of tnefil as the Trustees may in their absolute discret1n delemine.. The 'area of benefit. means the Parishes of Craco6. Rylstong, Hgtt¢)n and Bordlgy near Skipton. North Yorkshire and such other néighbouring Panshes as the Trustees rw UnanInxIY re8olwe. The Trustee8 must use income and may use the capitsl of the Charrty In pronK*tsng the obpcts. 4. The Trustees hekl 3 n'ng5 during the year undèr revw. The TNstees have an account with th8 CAF Bank. In March 2012 the TTUStees app)intsd RathbO (Kendal office) as their financial expert advisers to whom they transferred £1fy).000 for investment. At the same lime the Trustees provided Rathbones with their formal inve$trMent policy date 19th April, 2012. An additional £50,000 was transferred to Rathbones 19th November, 2014 to te heks by them on the Same terms. The Trustse$' formal investment policy wa6 updated on 23rrt August. 2021. addilKJnal £50.000 was transfèrred to Ralhbones on Ihe 30th October. 2018 and a further £20,c was paid Into the fvnd on 16th May 2022, to be held by them on the same tsrms. Tho £220.oc has nthv increased to £273,199 as at 5th April, 2023. This 8munt reflects a difftull investment period caused to a kqrjr e extent by the Coronavirus pandemic and the invason of the Ukrain• by Russ. Rathbones provKle re9uLar updates regardin9 the Chwaty's investments. 6. The thirteer¢lh annual sum of £25,000 net1£30,864 grossl together with an RPI increase of 57.90k making a total of £48,740 becanx payable from Tarrll Limited under the Funding Agreem8n{ on 1•t September, 2022, and full detsils ofthe componenl Pa and ofthe 5plii betsveen the Charity and the Crawe and Rylstone Voluntsry Controlled Church of EngLand Primary Sthool 1"Cr08 School"} are shn in the attached Financlal stalements. Under the Funding Agreemen( the Trnsteos were to allocatè eèrtsin to a $ub-fvnd lo be held by them specifically for educational purposes. Tho sum allocatgd for the benefft of Cracoe School during the year amounted to £9,746 After making this and Oiher grants lotalling £10,900, abng wrth expenses of £2,427 shown in the aecounts {which induded £2.030 for defibrillator maintenancel, the Trustees had cash assets of £39,542 left available to carry foTward into the CUTrgnt ygar. These Tr)ney5 were held at the y8ar- end accounts with CAF Ban The agreement with Tamw Limrtwj was renvHed and arntded and will be extended for a further 10 years until 2039.
- There were 6 applicat5 made and all of thom were successfvl. These indthled Young Person's Grants, one Hardship Grant Hetton Toddlers Group. the Rylstone Invesbgative Project and the Craven Schools Pathership. Grants of £3.000. whth did not require an aPtiOn, were also approved and paHJ lo eac of the three Pafish Meetings- Cracoe. Rylstone and Hetion cum Bordley. In total, applicationsjgrants approved during the financial year of 6th April. 2022 to 5th Aprll, 2023 amounted lo £ 25,146. This amount includes paynnt of £ 9.746 to Cracoe Primary School. Grants paid within this finala[ year aUnted to £25.004. The Charity has conts'nued to ma#rtain and renvw the S Communty Defibnllators. In Mar¢h 2023, the Trustees renewed their annual fuIpage-adwertthrn&nt art. L7)ntaining updated infomiats'on about the chanty and its Trustees arKI this article appears in every tssue of the local Parish Magazine. In August 2022 the Secre* wrote an artKle in the Parish Magazine promots'ng the Hardship Grant (Jue to the potentsal probIen caused by the very hh cost of heating, due in part trj the UkrainelRussia conflict. The Secretary also contribuled a very detailed art vthrh appeared in the August 2023 Parish Magazine to keep Ihe Communty Informed about the progress of the Chanty and some of the applications il has funded. The charity also uses local Partsh nOte1)oard9 to inform thal residents when necessary. In addition, the Charity's Facebcok pa9e nb"nUeS to rai% awareness of the rts aGINities within the lty1 ¢ommunity. The Trustees a ¢ommrtted to PUbln9 the aiffts. work aThl outcorres of the Charity's fundlng and this increa8ed commrtThwt has led to more contacts and queries regardin9 Potential fundin9 bKIs. The Trustees, general principles on whkh they operate In makn.ng dBtn'buts'ons from the Charty include favouring those ca8es that benefft the community as a whole (or large section$ of it) and involve a contribution lerther monetsry, time or exterttse) from the applicant but these bas princ3ples are being dev8lop8d and adapted in light of 8xperience. The TnJ$te6$ are seeking lo improve. doGumenl and make more transparont the operating principles of Chanty. VIÈ and upjated all the Chartty's policies, procedures and appll¢alion forms in August 2021 and they are due to be reved again in 2023. Th• Tru8te88 aim lo hold regular lemty meetings al which lo ojnsider any applica'ons submrtted to them at kast iwo weeks previously. Notice of meellngs are wherever possible p)sted in Ihe Parish Magazine and on the Cracoe and Rylslone Communty Fund ICRCFI Facebook page CRCF Trustees. rets'ngs are IWd in the Cracoe Village Hall.
- The Tru8tees' curront re¥erve8 pol* IS made up ofthe followlng Strd..- a. Reserves are ugualty reeded (il to Spend in errMgen¢ies but also to generate Income in the m8antime and {iil lo meet any major longer-tem requirements thal may crop up in the area of benefit over futu years. b. The number and value of grants applied for is hh3hty variabb. Th8 level of reserves that the Charity needs is therefore difficult to quanty any degree of accuracy. The funding of the Chanty appears lo be secured for a further decade following Tannac's nt successfijl planning application. Th• Trustees fe81 il is propor and reasonable lo consider a longer ts'mtrfraffe wrthin whKh the Chanty Can ¢ontsnue to benefit the communty including a caprtal reserve to yiekl a fvture However, the Truslees 98neralty f881 that cash reserves should covef at least the gross equivalent of one year's annual payment from Tarmac Llmlted plus the provision at Ihe year end to meet any outstsnding Mmitments. c. The Tnjstees will MrtOr the currenty agr89d roserves arNI wll amènd rt in the light of 8xp8ri8nce.
- This has been the Trustees. iwelfth full year of operations during whth U)ey have made fvrther distributions for the benefrt of the local community as ouline(I ID poI"nt 7 at)ove and in the Financial Statements for the year. Moyra LNesey (Trustee and Honorary ChaimHn of the Trustees) 14th June. 2023
The Cra¢oe & Rylstonè Community Fund (No'.11271631 Ftstllfft Yoar Endl Section A Receipts and p8ynients Tamia¢ Int@fOSt on d•poGit 9.747 48.735 61 61 4,157 9.747 Payrti•nts 10.115 14.104 2421 Hi¢ of aryj equpment Marketino 219 218 310 Banking Charges AL¥Jil F85 DniN1Èts Reinvested Defibr#E&tor Mairtenance 5.499 4,157 Totsi p&yThrrt¥ 14fMO 14104 34,498 Not rnc•lMs I Ipllynwtsl 4180 Transtsr BaL8n¢e Balanc8 Carr forward TJ7.392 224.153 237,392 387 Section B StatemÈt)t of assets and liabilites at the tnd of the period Cash Fund• CAF Bank C*sh AccouTht Icd)0207511 CAF Bank planUM 30 D8y1003031691 4.357 37.382
1,392 Ralhbos In¥wdtm8rrt Ft Tot FundB 4J6T 2>.S42 237.392 thot raitsed 53.199 3f7.098 53.199 311741 fj9.754 307.146 LE•blllUo¥ Gr3nls and DMatIo Not Y81 Pakj Totsl uabl13 Approval of tho *ccount ¥erlfi8d by.. POS0.. n.o6 ZOL? 15. JU{L .zo.i3