CRACOE & RYLSTONE COMMUNITY FUND CRCF A charitabte fund established for the benefit of bcal residents and community organisation in the North Yorkshire Parishes of Cracoe. Rylstone. Hetton and Bordley Registered Charity No. 1127163 Annual Report and Financial Statements for the year ended 5th April, 2025 Chaimian of Trustees Honorary Secretary Dr. Sheila Mary Stoney. Skitsegdl. Fleets Lane, Hetton. Skipton BD23 6LP Honorary TrthYJurer Maureen Chajue. 2. Orthard Crf Cr0e. Sknpkn 8D23 6LB Bankers CAF Bank Independent Examimr DanEI Taykn. Chartefed A¢c4xmtanL Lane, Rylstone. sktOn BD23 6U Registered Address Sunset Bam. Cr*oe, Sktpton BD23 6LB
The Cracoe and Rylstone Community Fund ("the Charity") Registered Charity Number 1127163 Trustees, Report for the year ending on 5th April, 2Q25. 1. The Chanty was created by a DedaratK)n of Trust (the Yrust l)eed') dated IPI November. 2008 and registered with the Charity Commission under the ats)ve number on 12th December, 2008. It only came into nds (other than the I'al £11]0) on 7th September, 2010 when the first payments totalling £111,111 were made by Tarmac Limited under a Funding Agreement 1.the Funding Agreemenf} dated P November 2008 and made ben Tarmac Limiled111. Cracoe Parish Meetsng12). Rylstone Parish Meeb'ng (31 and Cra¢oe Water Company Limited14). By fUrtrr agreemert dated 1311 January, 2023 the FundMvJ AgreeFrnt was varied and extended. 2. The flrst Trustees, Messrs PRP ChadwKk and AD VgsWOrth. resigned in December 2010 after the flst set of l¢xal Trustees had been elected by the Parish Meets'ngs or Cracoe, Rylston8 and Hetton in accordance with the Trust Deed. The current Trustees are Maureen Chaduc (apFointed January 20241, Twdy Baklerson {appointed November 2024), Richard Webster Irtrappointed May 20221 (all of Cracoe}, Moyr8 Livesey Ire appointed November 2021) arKI Jam8s Butcher {re-app)inted November 2022) (both of Rylstone) and Sheila Stoney {re-appointed October 20221 (of Hetton). Moyra LNesey has been elected Honorary Chaimian, Sheda Stoney has been elected Honorary Secretary and Maureen Chaduc tme a Trustee in January 2024 and elected Honorary Treasurer on 12th March. 2024 lo p1a Helen Pullin who is no longer a Trustee. Sarah HartY has been appointed as Clerk to the Trustees. The offtial address of the Charity is that of the Clefk to the Trustses, namely Sunset 8am, Cracoe, Skipton. Ncrflh Yorkshire BD23 6LB 3. The Charity's objects are'such exclusNety Charitab obJe¢ts or PUfFoses for the beftefil of the inhabitants and communities of the area of benefft as the Trustees may in their absolute discretion detemin&'. Thé'8¥ of benefif means the Parishes of Cr4¢oe, Rylstone, Hetton and Bordley near Skipton. North yorkshi and such other neighbouring Parishes as the TTUStees ffray unanimousty resolve. The Trustees must ust NMe and may use tho capital of the Charity in pronK•b'ng the otyects. 4. The Trustees held 3 meetings during the year under revi. 5. The Trustees have an account with the CAF 8ank In March 2012 Trustees appointed Rathbones Investment Management (Kendal office) as their investment alvisers in accordance with the Charity's Invesirnent policy. Rathbones cg)nitnues io manage Ihts fund, with a value of £307.750 as al 5th Apnl, 2025. Rathbones provide regular UFrfJales regarding Charity's investrrÈnts and Mr Stephen Blakere {who replaced Mr. Dav¥J Wlhite our PreVu$ Investment Director), attended the Trustees. Meeting on the 18th February. 2025 in pewn to report on the Charity's investments questions. No addittr)fta fvnd5 have been transferred to Rathbones this financial year. 6. The fourteenth annual sum of £25.OIXt net (£30,864 gross) t(ytherwilh an RPI increase of 97.29% making total of £60,893.00 becan Payab from TaTmac Limited under the Funding Agreement, on 191 September, 2024, shown in the attached Finan¢ial Statements. Under the FurMJin9 Agreemen( the TnteeS allocate one fifth of the annual sums to a sutpfund sEal for educational purp)ses. From thi sub-fijnd the sum of £12.179.60 has been paid to Cra¢ S¢hool this year. After making this and other grants akjng with expenses shown in the accounts. the Trustees had cash assets of £45,864.47 left available to cary forward into the next 7. There were 13 applications made this year and all of them were successful. These included.. Village Hall 25th anniversary BBQ, Big Dig, Hetton TcJdlers trtp, Hetton IAtssh Dub Proj Rylstone signs and 8 Young Persons. Grant aPpltiOnS Di$tr(w grants of £4.000 Wre arso approval and pad to each of the three Parish Meetings- Cracoe, Rylstone arKI Hetton cum Bordley. Cracoe Scthwl funding as oulined above.
In total, appIgrants paid out du[w Ihe finala1 year of6th Aprd, 2024 to 5th A1. 21Y25 arrounted to £42.962.50. This arrthnt incluts prnent of £12.178.60 to Piimary S¢hool. The Chajity has continued to 01ntain and renew the 5 coMffnty Defibrillators. about the charity and its Trustees and thts art appears in every issue ofthe local Parish Magazine. The Secretary also provided a very detailed 5-page artick which appeared in the April 2024 Parish Magazine to ensure that the Community is inf(Ymed at#)ut the a¢tivÉties of the Chartty arKI some of the applutK)ns it has fvnded. In July 2024, the Secretsry also providgj an artth for this magazine giving infomation at()ut the Young Persons, Grants and Hardship Grnnts. The Chartty uses ILxal Parish noticeboards to inforrn residents the local community. The Trustees are committed to publi¢4sin9 the aims. wcrt and outcomes of the Charity's funding and this increased commstment has led to more contacts and queries regarding potential fvnding bids. The Trustees are aws b>)king for new ws to l(Se thB. 9. The Trustees, general principles on Ihey operate in making distributions from the Charity include favouring those cases that benefft the Mmunity as a whole {or large sections of it) and invOe a contribution (either fmnetary, time or exteftise) from the apPInt but these basic pnn are teing devdowl and adapted in light of experience. The Trustees are seeking to improve. dtxument and make MO transparent the operatfftg principth ofthe Charity. We revised and upjated all the Charity's wlicies. proCedUS and appli¢akn fCffl in November 2023 and keep them under regular review. Over the next 18 rronths there wll be qutte a fw new Trustees and the Secretary and Chair have been busy drawlng up duties and re$FbilitIeS associated vrith their roth to help promote sth transitions. General background information for new Trustees have also been written to help them grasp the history and ethos of the CRCF chanty. All prcK%dures and p)licies wll be reviewed in June Applications for funding of £400 or less ffoy. providing all Trustees agree, be considered in betIn meetings. The Tnjstees aim to hold regular temity rrEetings at which to consider any appltcations submrtted to them at least wks prevK)usty. Notice of ntrAgS are wherever Frf)sSIb p¥Jsted in the Parish Magazine and on the Charity's Fc)k page. The Charity's tneetings are held in the CraCe ViHage Hall. 10. The Trustees, current reseprfes is ffode up of the fo5kM?ng strands: {ii) to meet any major longer-term requirements that may crop up in the area of benefit over fvture years. b. The number and value of grants applEd for is huhty variable. The level of reserves that the Charity needs is therefore difficult to quantsfy with any degree of accuracy. The fundtng ofthe Chartty appears to be secured for a fvrther decade and the Trustees feel rt ts proper and reasonable to o)nsider a longer time- frame within which the Charity can continue to tenefft the communty including a caprtal reserve to yield a future tncome. However, the Tntee5 9eneralty feel that $h rese shoukl cg)ver at least the gross equivalent of one yearfs annual payment from Tarmac Limrted plus the provision at the year end to meet any outstanding commitments. ¢. The Trustees will monrtor the currentty reserves p)lry and will afind it in the Swht 0feXF>erien. 11. This has been the Trusiees. fourteenth fvll year ofoperations during whth they have made further distributions for the benefit of the Irxal comnwnity as out11 in p)int 7 atove ffi the Financ1 Statements for the year. Moyra Livesey (Trustee and Chainnan of the TfUStees} 6th June, 2025 &1&12aLS
The Cracoe & Rylstone Communlty Fund INo:11271631 Receipts & Payments Account Forthè Year Endlng OS Aprll 2025 Section A Receipts and payments Unrestricled Restrided Total PrevKJus Year Receipts Tamac Irtere$t on deposit x¢ount Div1Qentts en Investmgnl¥ Other Reip1S 48.714 12.179 60.893 68.277 73 6.880 7.160 7.160 Total rn¢•bPts 55,958 12.179 68.137 65.030 Paymr Grants and donatie41s paid Hir¢ of hall and oquipmenl Expense$- St8tionerylPosts9elMileage Martetlng Banking Charges Dividenos Reinvestéd Dof5brillator Maintfjnan Insurance 23.158 12.179 35.337 55.500 24 7.160 7.180 6.680 1.342 222 30,784 Totsl paym•nl8 12.179 41983 63,882 N•t rncdpts I Ip4ym•Trtsl Section B Statement of assets and liabilities at the end of the perlod Vnr•rtd•¥ Restmcled Total Prevlous •h Funds CAF Bank Cash A¢wunt 45,884 20.890 Investm•nt A$s•ts Rathbones Invem•nt Fund 307.750 307.7 316,030 T¢>til Fund• 353,614 363,614 336,720 Llabllttl•s Grafiis ond Donalions Not Yd P4%1 Tothi Ll•blll¢l•• Approval olthe •¢¢ounts Thè financial stalements worn irthpendethty exarrrined and verified by.. The fifianthal statements were approved at a meeting ofthe managemènt commitiee ar si9ned Signed." Narne.. Posrtiofi.. POS. ... Date.. Date: