CRACOE & RYLSTONE COMMUNITY FUND CRCF A charitable fijnd ethblished forthe nefft of local reydents and community organi5atioYi it) the North Yorkshire Paris15 of Cracoe, Rylstone, Hetton and Bordley Registered ChJrFiy No. 1127163 Annual Report and Financial Ststements for the year ended 5th April. 2024 Chairnian of Trustees Moyra Livesey, Beeth, Lane, Rylston4 Skipkn BD23 6U Honorary Socretary Dr. SheiFa Mary Story, Sknrsegdl, Fleets Lw, HettI. Skptsn BD23 6LP Honorary Treasurer MaurEen clod 2. Orchard Cracoe, Skpton 8023 6LB Bankern CAF Bk Indopend•nt Examiner Daniel Tayk)r. Chwkred A¢nIan(8& Lane. Rylstonq Skipton BD23 6U Registered Address Sunset Bam. Cracoe, Skiptm BD23 6LB
The Cracoe and Rylstone Community Fund ("the Charity") Registered Charity Number 1127163 Trustoes, Report for the year •ndlng on 501 April. 2024. 1. Thè Chaiity was created by a Dration of Trust (the°Tntst Deed.) dated 17th November, 21M)8 and registered wilh the Charity CoThrAssK)n under the atKJV8 number on 12th Omber. 21Th. It only came into (other Ihan th8 initial £1001 on P September, 2010 when the first payments totslling £111,111 were made by Tammc Limited under a Funding Agreeffent rthe Funding AgreeffTrr) dated P November 2008 and made betsveen Taw Limited111. Cr8eoe Parish Meeting {21. Rylstone Parish P41eeting131 aThJ Cracoe Vlater Company Limibj (4). By further agreement dated 13th January. 2023 the Funding Agreement was var1 and extended. 2. The first Trustses, Messrs PRP Chadwick and AD VNknglesworth. restgned in December 2010 after the fist set of l(xal Trnstees had been elected by the Parish Meetings or Cracoe. Rylstone and Hetton in xcordance with the Trust Deed. The current Trustees are Maureen Chaduc (aptKJinted January 2024). David Chew Ire- appointed November 20201, Rthard INebster Irwppoinbj May 2022) {all of Cracoe). Moyrd Livesey appointed November 20211 and JaeS BLrtcher (re-apwnted November 2(Y22) (both of Rylgtone) and Shella Stoney Irww'rrted October 20221 lof Hettonl Moyra Livesey has been elected Honorary Chaim7an. Sheila Stoney has been elected Honorary Secrry and Maureen Chaduc became a Trustee in January 2024 arbd elocted Honorary Trea$urer on 12th March. 2024 to replace Hen Pullin who is rto longer a Trustee. Sarah Hartley has been appointed as Clerk lo the Trustees. The offioal address ofthe Charity is that ofthe Clerkto the Trues, nan Sut)set Bam, Cracoe. Skipton, North Ycrfkshire BD23 6LB 3. The chari5 objects are'$u¢h eXduSrty charitable obie¢ts or purposes for the benefft of the Inhalt8nts and communrties of the area of benefit as the Twstees may in their abste discretion detemiine". The'area of tenefif nwns the Parishes of Cracoe. Rylstone. Hetton and Bordley near Skipton. N(Klh Yorkshire and such other neighbouring Parishes a5 the Trustees may unanimousty resofve. The Trustees must use income aThJ rw use the caprtal ofthe Charity In pronting th8 objeLts. The Trustees held 3 mtings dU[W the year uThJer Vi. S. The Tfustees have an a¢¢ount with the CAF Bank In Mar¢h 2012 the TNstees apwinted RathiwJnes InveStrn1 Management (Kendal ¢)ffice) as their investrnent advisers in aco)rdance wrth Ihe Charity's Niveslment p)lry. RathtM)nes oJntinues tr) Thnage thls fund. wltt) 8 value of £316,030 as at 511 Apnl. 2024. Rathbones provKle regukr UFJates regarding the Charity's investments and Mr DavKI VthTrte. Investment DiTeclor. of Rathl)ones. Kendal attended the TnBtees' Meeting on the 13th June. 2023 in person to re[ on the Chity'S investrrtents and answer que8tk)ns. No •Jditional funds have been transfer to RathtKJnes Ihis financial year. The Ihwteenth annual sum of£25.000 net {£30.864 gross) t¢4Jether with an RPI increase of 74.83% Troking a total of £58,277 bame pay>le from Tarm8c Limfted under the Funding Agreement on 11t September, 2023, sh¢)wn in the attached Finanepl statets. Underthe FurKling AgreenRrt the Trustees albxate fith of the annual sums to a sub-fund speufically for educational purFw. From thi5 suIFfvnd the sum of £11,655.40 has been pa to Cracoe School this year. After mak.ng thi$ and other grants along wth expengey in the accounts (Wh indude £1,342 for defibri118tor mlntenml, the Twstees had cash assets of £20,690.13 left availabte to cary fopard into the next year. 7. There We 12 applicth.ons made thts year and all ofthem We su¢cessfvl. These induded.. Rounders team, Coronation Coffee rYKJming ev8nL Parish Magazine. Friends of Cracoe SChry x 2. 1(Kal charity nsn for Upper Vtharfedale Fell Rescue. Rural W*h, St Peterfs Church and Ryl$tone TraffK lmIng and one YOUNJ Persons. Grant application. Grnnts Of£3,0 were also approved and Pa to each of the three Parffjh Meetings- Cracoe, Rylstone and Hetton txjm Bordley.
In total, applulltxgrants paid out duriw the finanGia year Of Apr, 2023 to Apn'l, 2024 amunled to £55.500.55 This arnunt indudes payment of £ 11,655.40 to Cra¢oe priry Schwl. The Charrty has cg)ntinued to maintsin and renew the 5 Community Defibrillatss. In March 2024, the TDJStees renewed their annual fvlkpage°Jvthseffnf ¢ontaining updated infom)atbJn abjut the charity and its Trustees and this article appeats in every issue of the Ictal PFsh Magazine. In May 2023, the Secretary tKOVKled this magazine wilh a 4-page article Ukmlating the tt)mmunty on the Charity's ties. In Juty 2023 an arttcle was publish1 renNnding the communty ofthe availability ofyoung Persons, Grants and Hardship Grants. In September 2023, the communty was made awa ofthe increase fft funding (from £300 to £400) for both the alOrenoned grants. The S&retary also provid1 a very detaiw 5-pag6 lic whth appeared in the 2024 Parish Magazine to ensure that the Community rs informed about the activities of the Chanty and some of the applIcatnS it has funded. The Charity alx) uses hxal Pari5 )ticeboards to inform widents when neSsary. In addibon. the Charity's Facebook page cijntinues to raise awareness of its acbvits within the local community. The Trustees are committed to publicising the aims. wortt and outcomes of the Chaiity's funding and this IncSed commitrnent has led to more contacts and qries regarding potential fundwKJ bids. 9. The Trustees, general principles on whKh they operate in making di5tEibul1c frIMn the Charity Wlude fa4ouring those ¢4se5 that benefit the community as a Who (or large s&tions of it) and involve a ¢ontributson {ather monetsry, time or experb5e) from th8 applicant but these basic principtes are being deveh)pJ and adapted in light Ofexperien. The Trustees a seeknng to imFwove, document and make more transparent the operating prinpS of the Charity. We revi%ed aThJ [ all the Charity's FX)Iici8s. edureS arKI apprtati forms in November 2023 an¢J keep them under regukr revivw. The Trustees aim to IK)hJ regular termty me¢ts"ngs at Wh to consider any applicattons submrtted to them at st two weeks previousty. Notice of meetings arè vtherever possitAe posted in the Pw5h Magazlne and on the CharlS Facebo page. The Charity's meetings are held in the crale Village Hall. 10. The Trnstees. current reserves policy Is made up of the fomowing strands.. ReseeS are usualty needed {il to spend in emergencies but also to generate incom in the ntirr and (N) to ffet any mapy longer-tem requirements that may crop up the aw of benefit over future years. b. The number and value of grants appl1 for is hwjhty variable. The level of reseNes trtat the Chanty needs Is tsrefore dtffKult tri quantsfy with any degree of accuracy. The funding of the Charty appears to be sred for a fvrther decade and the Trustees feel it is proper and reasonable to con8Kter a bnger tin frame within which the Charty can ntinue to benefft the ¢xmmunty including a capital reserve to yield a fulure incon. However, the Trustees generaHy feel that cash reserrfes should cover * le>ttho gross ur¥alent of one yea¢$ annual payment from Tamwc Limited plus the provfyon * the year erKI to meet any ou15tandirvJ commrtments. c. The Trustees will monitor ts ¢Ufrenty agre&1 reserves polry will amend f( in the light ofexperien¢e. 11. This has been the Trustees. thirteenth full year of operatwjns during whith they have made fvrther dsstributions for the L*nefft ofthe hxal community as ouuined in point 7 above and in the Financwl Statements for the year. M¢)yra Livesey ffrustee and Honorary Chaifflwi ofthe Trustees} . 2024
The crne & R>rfBtono Community Fund INo:1127163) Recelpts & Plnts Account For th•Y•¥t ETKIM Section A Receipts and payinents Unr88lri¢ted Re5trT¢ted Total RK•ipts Tarmac Interest on deposltaccount Ded5 on Invastrments Other Recepts 46,622 73 6,680 11,655 58277 73 6M80 48.735 81 5,499 Tolal w•••lpts 03 75 66 Payrmnts Grants and dDn8lon$ pavj HKe of hall and èqul)ment Expens8s- StabDnerylPostag8lMMeag8 Mgrkeliig Rathbones In¥e¥1m8nt Fund Rathbon9 Fees Banking Charg85 Audit Fees DNtdends Renvested DefknrllatOF Mantsnance 43,845 24 222 11,6S5 55,500 24 222 54 20,000 24.219 219 20,000 60 72 50 5.499 2,030 8.680 1.342 6,880 1,342 TotAI q1 66 82 N•t r•¢•ipts I IyymBtrt5 - Cash funds lastyear end Cuh lunds y••1 • 20.690 Section B Statement of assets and liabilities at the end of the period Unr8strkt8d R•sirKted Total Prètyitiu$ Qash Funds CAF Bank Cash Account 20.690 20P90 39.542 Ihv•$tM•ntAs50ts Rathbono$ Investment Fund latvaluats'onl 316,030 316,030 273.f99 T•t•l Fund• 336,720 a3G,720 812.741 Liabiliti•5 Gr4nts &nd Don8b"ons NotYetPaid Total Liabil•6 Approval ofth• a¢ov¥rts The financl81 thtements wei8 Kid8p8nd¢s)ty gxamined and Th8 fnaftclal ststèmentswere approved ata meein£ verified by.. oflhe mqnagement ¢ommKtse and slgn8d on &ed.. Suned.. Name.. N8m8'. Dgta. YEAR EKJINGC6.04.24 UPDATED. 2Y11rao4