CThwany rc8151￿10ll numbcr.. 06921078 ChaD"ry registralion nu1￿￿[.. 1130189 Madeley Rural Community Charity (A company lirniied by guaranltt) Annual RcpM aTyJ FinaTKial ￿alen￿nts ror IIK Year Ended 31 March 20?2 Doryl Denson The Dudson Cenire Hope Stte¢i Honlev Sloke on Treni STI 5DD Madele). Rural Communil). Charih. Conlenls Reference 8nd Adminiiifoiii'¢ Details Tru<￿¢$, R¢p 2103 Intyndenl Examinw's R¢pon Siaiemenl of Finaocial A¢iii'iti¢s Balance Sknecl Noi¢s to Ihe Financial Stalcwnents 71021 Madele)" Rural Coniwunit! Charlt! Reference and Administrative Details Trustees Dcrek Millty Mkchael BreTdOn Roy Dution J)mi¢ Sicphcn50n Siepljen Ellis 11301S9 Cb*rlii" Rtgl$tr#tk)*.N*mbtr Compani Regi%tr*tloth 6921078 The chan.ry is incorpNated in Eng13NI aTMI Ivales. Nthi. Road Madelcy Ciew'e Chc5hire CII'3 9DN Registered Office Independeni Examiner Densott The Dudson Cenlre Sircei Hanley Stuke on Trent STI 5r)D B4nk¢rs Cwraiiie Bank PO Box ?50 Delf Ilousc Souihi¥'av Skclm¢rsdth VN8 61YF Page I Madeles. Rurgl ComJnunih' Charit). Trustees, Report The In￿1¢¢￿, K%"ho arc dirc¢iors f(Ir ihe piiJp)ses of company laiv. prcseiii Ihe annual rcwrt tLFg¢ilicr i%iih rhe ritWKial s￿￿ne￿￿ of ihe rh¥nthble Company for the ycaf LThkd 31 March 2022. Objfciivts and aetiiitles Objecl.s qim. The charit￿S objttlii-cs are to proi'Èd¢ Ihc loral rurnl comwsjunilies iiiili Op￿Ilu￿]I1es for leamin¥, hcalili And oniniihnily entcrprisc. li intends to achiLThC ihis by ¢)pctaiing a nem" mulii-use communilv c¢nlTe. In p3nicu14Jt our objecllies achiei'ements are- To Inaintain a mulii-usc comThnity cenlrc To srfure ongoin8. a￿d P￿dI￿abLe aTrJ s￿8[21nabk To biiild and n]ainiaiii Su￿7(]c￿l fE*rves io proi"id¢ Wllinuity ofsmi¢e To proi'idc local pcoplc i&irh high qualily Icisurc #nd learning a¢i7i'ilLL%. Public hemefil Wc are optrdtiog Ihe rommunil). e¢nir¢ for IIK b¢nefii of ilii inhabithnis residing ii'iiliin a 10 niilc radius of Ihc ccnlrc. The cenirt is beins uscd In particular foi Th)eetings. lertllres and classes Jnd for oih¢r foms of recr¢aiion and leisure liinL occiipaiion. in thr inierests of social ￿1(a[c aThJ uith Ihr objc¢i of improving the t￿ndl[lOn5 of life ofihc Jrthttbitsn￿ iniendcd to Frtncfjt. Thc tTUSlCCS confimi tliai thcy have ¢omplKd li iih the WquireM¢D￿ of seciion 17 of rhe Chariites Act 201110 hal'e due regard io ￿blIC ￿ner1E guidance ￿blIshE￿I by lh¢ Ch*ii) Conmnission for England and IVal¢s. Athlei'emeni$ ptr(ormAnce AILlioiigli ihc ceiiire i¥dS nui fiilly opcrdlional duri118 Ihc ycat ihe bigges1 arhiti'einenl ll7S thai 14'c nmnagcd I securc funding 10 s¢¢ Ihe c¢nire Ihrou¥h pandeniic ￿lI11t SIr¢n￿heA1ng conipliawe and regulaiory procedur¢s ond bringin8 on tM)ard more proftS5ional mallagcmeni. Fingncial r¢Yiei)' Th¢ Chartt)" ￿ financia] [￿[10￿ 15 laid in financial sia¢enxnts in pa8es 5 10 20 of tbLS rei Policj, ON re5erve5 Oiir In¢diiiiii iemi Ilim is lo biiild rescrves io mcei ai least 6 Th?nths ￿"Onl4 of unrestriclcd expendilure. Our flee cash rcsciies Ilire stsThling ai £83.868 {2o?1..(7.5.S￿} i?1 Ibc balancc sheci dale. This figure includes an aniount of £35.IXK> ￿ Coirr terni mèiD*nance costs ofihc building. Tr¥stef5 and officers The Inisiee.s and ollicers 5eTh-ing durin¥ the ye31 aNJ since the >ear etKI urre as lollom's. Page 2 ,IlJdelei- Rural C_"ommunih- Ch3rits' 1'rustees' Reporl Trnsiees: Derek Nlill Nlicha¢l Br¢teton Rov Duiii>n Jamie Slep1￿nSOn slip￿"n Lllis (ap￿in1(￿ 21 Januar). 20221 Senioi MJnag¢m¢nt l L¢a&Mship Team.. IV¢nd)' IT¢sign¢d 31 January. 20?2) Structurei %overnanre #nd m•n*gerneni Thc Lhariiv is a Lilm￿nY limiled by ￿lara￿le¢ ii'iih Ihc liability of menil￿ts limi*d io £lQ each. Thc company . Jun¢ 21XW as amen&￿1 is gvv4rnEd bv IliL linii of its NILnM)randum aTMI ArniclLS of Aswiiaiion incorpnied . n 13 Ik'iuber ?l)IS.Jnd is rigislifid as a Lharitv ii'iih C-hariw C'ommission. Recriiiivieiil o1idoppoi￿l1Me￿l Tnk*l¢LS JTI, 3PPi)JrtliYI in aLivrdtiiici Il"Ith Anicles of Asiociaiion uf lh¢ eompan).. (hi¢ ihird (jr ihe b(Mi nieinlk'Th. bcjngp thi)%¢ ii.ho ar¢ If)n¥LsI %¢n'in& shall reiir¢ from offi¢¢ at ¢&h annual g¢rKral aTwJ arr li¥iblL tor rLapwintfftcnt. As a maii¢r of ￿)I]eY ihc Tnisiccs must reside in ihc area ofbenefii. ki'L't)' Trit%liL urA>tl LILxiion or appoininiLni shall rLYeiie a IVclLorne PaLk i¥hiLlI Mill illLludi a Li>p)' (bf iliL' cvinpJn)" S LKILm¢iranduni atml ArtILIL￿ of ASSL￿1&110Th- Tntst¢Y Indu¢tithJ and ComFKlvnLV FrL1111L*V(?rk., TTUStL¥ C'thlc lif C'unJuLI vr if an AftiliatL thk AtTiliai¢ I'￿1¥ uf L'tsThlucl. As part (Trlan induLlion thl TnisiLL i%'ill bc sked 10 cvniplclc 41 skills iiudii. pccuniaTh' InterLryl f¢)Tm and conflict of inicrc51 fwin. In iyrJir 10 i ¢ILLriblc io Voii ai anv nKding. c%cr)' Truslee must sign a Jcclaraiion of ii.il1in¥ness io act as a charit). Inislic of the company. Sm*ll ¢ompani¢s pr•i'ision staltmtnt Tliii fLpori has ￿'ll1 prlpar￿￿ irh alLorda￿e ￿'Ith ihc small rofflpanhes regime under ihc Companie5 Aci 2(M)6. The nnual r¢pLin i%'tts appwi'¢d b). Ihi Inisl¢CS of th¢ charitt. o sigwl on it) ￿haIr ty.. Nlicha¢l Tni4lrc PagL 3 Madele). Rural Communil}' Charits. Ind¢penden¢ E¥aminer's Report to the Irustee5 of Nladelev Rural Communlt}' Ch4ritv ('the Companv,) I repon lo Ihe charity IrLLsiees on my ex•Min￿￿)n of the acC￿nts of th COrnP￿ fot the )'ear ended 31 MaTch 2022 ResponsibilitR¢s basi5 of report As the LhJrii> s ttU51ces ol thc Company land also IL% dTrrectO￿ for the puqx)ses of Col￿pan>. tal￿) you arc resp)Li.8ible for ihc preparaiion (if ihe acioiiiits in atl￿an¢¢ ￿lih the requIrenK￿5 olthe Companics Aci 2Q06 {'Ihc 2006 Aci'l. Ha¥'ing sait5fied m)'>Llf thai Ihe aicounls of CornpaDy are not required to bc aimliied un(kr Part 16 of ihe 2006 Aci and are eligiblc fur it)depcJMlcni exaniinaiioo, I tep(>rt in r¢sptci uf mv e.xamiThaiion of }our charity's accounis as ¢aryi¢d out undcr se¢tion 14$ of th¢ C1Jariis¢5 Aci 2011 I'iht ?01 l A¢i'). In Carrying oiii my examination I ha%"e follou.￿ ¢he Dirt¢lbQllS gii'ep ty Chatt"ty Commission seciion 145(5Mb) of the 2011 Aci. Independetbt exsnhiner's 5tattment I hai'e coinplcted my c_iaiiiinalion. I Confin￿ thai in*iets I￿￿.¢ wmc t(F my ait¢niion in cvmKclion w'ith lh¢ ex*niinatiOll 8ii.ing me cause io bcliei'c.. 2c¢oiinting records iitre iioi kepl in re5peet of Madeley Rurnl Comniullity Charity a5 required by ￿et10Th 386 ofihe 21MY6 Acl- or 2. Ibe attounts do noi accord iiith I1￿ r¢tords" ¢)r 3. th¢ J¢¢ounlS do noi comply ivith Ihe accounting reqUireTh￿ts of ￿110￿ 396 of ihe 2(M)6 Other than aiiy ieLiuiremeDI Ihai ihe accouiits ￿1Ve a 'true and fair I'le￿ iihtcli is nor a maiieF considered as part of an iThJq>end¢ni exaniiDaiion' 01 4. IlL¢ acc(Mtnis hai"e beLti weparcd in accordance iviih thc m￿h￿]$ and principleg iyf thc Stalcmcnl of Re¢omm¢5J¢J¢d Pra¢iice for 4iLcountin¥ and rcrA)NiTh8 b). chariTies lappliiabk io ehariiies prcparing iheir accoiinis in acLordanc¢ i%'Lih the Finannal Reporting Siandard applicabl¢ in the UK and Rrpublic of Itcland IFRS 102)]. I hai'c no conccms and ￿v¢ Come aeross no oiher mancrs in corffteciion iiitli Ilk examinaiion ro ivhich attcnihon should IK drai¥m in ihis in OTdw io cnable a prow undeNanditsg of ilw ar¢otsiil% to be ieath¢d. Daryl Den%on ACMA Thc Dud50Tr Centrc Hope S￿eet Haiilev Sioke on Treni STI 5Dr) 1411212022. Page 4 Madele). Rural CommuDit)- Charli). Slatement of Flnaneial Aetii'ilies for the Year Ended 31 ￿larCh 2022 (Incliiding Income and F.xpeDditure Account and Staten)enl of Total RiYoEnised Gains and iAb$5es} UTrreslricted funds RtStricted fund5 TotAI 2022 Note Lk)iiaiiOliS al￿ legaiiL Cbarii.Ible arlii'iti¢s Oilier Iradiiig a¢¢ii-ili¢s 33.984 64,087 12.374 37.984 64,087 12.374 Toial iii¢ome 110,445 114.445 Eipendi14Trt on: Raising fijnds Chariiable aciii'ilies (432) (103.1361 {432) 1139.974) 136,8381 TiTrial ¢xpethliiure 1103,568) 136.838) 1140,406) Net in¢oJnel(exttnditure) 6,877 (32,83S} 25.9611 Nei rnol'emeni in funds 6.877 {32,¥381 (25,961) R¢¢on¢lliotion of fuDth Total fuThls brought for41ard 85.078 1.244.999 1.330.077 Total ful￿$ carried forward 19 91.955 Is￿reStriC(¢d funds 1,.3(14.116 Toia 2021 Re51ricted Note Intomo #nd EndoMrntDt$ from: DoJiJiioJis al￿ legacies C'haritable ae¢ii'ities Oihcr Irading aciii.111¢s 39.083 35.515 629 43,083 35.515 629 Tolal incon 79,227 Eypendlturt Chhriiable acti%-iiies (10,146) 1-/7.9091 {68.0551 Tvlal exTKndiiurc (30.146) 37.9(I91 (6Y.0551 Nei incomel{expetyJiiure) 45.0¥1 33:9(W> 1.172 Ncr nM)i'emenl in ful￿$ 45.OXI t33.9(￿) 11,172 Re¢on¢illaiion of funds Total funds broughi fotii"Jrd 39.997 1.278.908 1.318.905 Total funds car¥ied forivard 19 85.07¥ 744 ()99 1.330.077 All of Ihe ¢harilS"'s a¢iii'ilies dLYii* from Conliiiuing 0￿[311￿￿$ during the a￿￿* peTi(ds. Thc i101L￿ pa¥e$ 7 10 21 form ali inicgral part ofthcse fEnaiKial slatcmenis. Page ladelei. Rural Comniuniti- Charih. (Regislration number: 06921078) Balance Sheet #s 4¢ .1 I Illarch 2022 2022 2011 Fli*d Assets Tangible ossets 14 1.205.375 ,239.640 Curri'nt Assets D¥'biur Cash ai bat)k awl in hand 15 16 20.858 95,800 14.92¢(Tr 81,653 116.658 96.639 CreditorsTr rlmounls f#lling due Mlihin i"e*r 17 117.9171 16.2021 98,741 90.417 et aS5els 1.3(H.116 1.330.077 Fund5 Trf ihe rh¥rlt4": Resirlcied In¢om¢ funds Restricted lunds 19 1.212,161 1.244.999 UnTe51rlrlrd Inrome funds Unre5trictcd fuD(ts 91,955 85.07¥ Total funds 19 1.3¢H,116 1130.077 For I￿ finar*ial )rar ending 31 March 2022 Ihc Ch￿11}. li?$ cniitl¢J io ¢xcmpiion from auJil uiidcr 5CCtion 477 of ihe Companies Acl 21)06 TelaiLII8 to srnall companie r)iiector5' responsibililies.. The M￿lberS ha%'e required th¢ charit). io obLqin an audii of its a￿o￿nIS for ihe vear in question in accordunce ii.ith 5e¢tion 476- and ThL" diTLLlors acknoi%'lLd¥t thcir rrswn5ibiliiits Iw complyins wilh the rcqUircn￿nis of ihe Aci i¥'iih res￿Lt to aicvuniing rLxiJrds and Ihc pfLTaraiion ofaciounis. TIIciC tini?IILial siaicincni% hai'e prcparcd in arcoidarKC wilh ihe S￿rIal prO￿lS7on5 relaiing io cornpanies subjcii io small companies re81n￿ ii'ithin Pan 15 ofthc C-LYnpanies Aci ?(￿. "hi Iinanlial siaicments on pagL￿ S lo YI I¥LYe approi'cd b). Ihe 1rusicL￿, a￿{ auih)riSLThd for ISSU¥ on siened on their behalf by= Mi¢hJcl BTf Tru%t¢e clon The ll￿eS on Pag￿￿ 7 ￿ 21 an iiiiegral part i)fihesc financial siaiLmLnis. PayL 6 Msdele) Rural Communit)" Charil!. Notes lo the Finaneial Statements for the Year Efjded 31 ￿larCh 2022 CknxTlti status Thc charity Is limired b!. guarnnlci. tncorporaicd in InEland and Wales. and ¢on5equentl)' does noi ha%"c share capiial. Each of the I￿51¢eS is liable to coiitribule an ¥rnouiii not cxcceding £ l O ioii'ards asscis ol. Ihc ChI￿11Y in the el'en( of liquidalion. Th¢ addrc&% of its regisle￿I offic¢ J< Neiv Road Madeley Creme Chcshire CM'3 9DN 2 A¢¢ountlng pollcks Summar). of sigthifi¢ant ar¢ounting pollelrf kev ¥Cro￿￿tIME esti￿￿(e5 Th¢ principal accountiJi¥ ￿lICiti applied Jn rhe preparation of financial siatemenls are sei oui below.. These poliEtes liave been consisienil), 2ppli¢d io all the presellied. unles5 oihmiise sialed. Stiterneni of toJnpli*tt¢e Th¢ finan¢iiil siaicmerits hai'¢ becn pyrpartd in attoydance iiiih Ac¢ouThling and Re￿}nIn¥ bv CThartiies.' SIRicmcnl of Recoiiiinendcd Prnrlicc {ai?plirablL Ity charilics PTcpHriiig Ihcir aLcounls in accorJancc itriih Ilie FiThJncJal Rtporting Siandard applicable in ihc UK ar￿ Republic of Irela￿1 IFRS 1021) (issued irt (kiobcr 2019) - {Charitits SORP (FRS 102}). Financial Rtrporting Stsndard appli¢able in UK aiml Rcpublic of Ireland {FRS 1021 and the Conipanie5 A¢1 2006. Bas15 of prep•r41ion Madeley RurAI Communiiy Charit). meeLS the definition of a public benefit eiililS' under FRS 102. Asseis liabililbts ar¢ iniliallv rcrogni5ed at histOTi¢•I cost or trattsa¢tion UDles5 oiherniK stsied in ihe ￿[¢%.￿￿1 accouniing polic) noies. Going con¢¢rD The tNistee$ con4idcr Ihai Ihcrc a¥e no n)Jierial Iirnerfairilics aboui ilie cliariiy's abilLiy lo coniinue as a ¥oitig on¢¢ni nor any qigiLific&iii aTeds of Ulhccrt￿llTh￿ that affcci Ihc carrying i£ilvL Trfassc¢s hcld by ihe rl)aritY. Income and ¢ndoM"menls All income is recogiiis¢d onct ihe chariiy ha5 eniitlemthi to inconie, it is probable ihai the iiicom¢ ii.ill be re¢eii'ed and rhe amouiit of the inconie rtceivable can be rtieaslwed reliably. Doiioiioiis leguele.% DiyMiK>ns art r&Yognised w'hen chariij has Th)tificd in iiTitin¥ of the anKwni and ￿llemen1 date. In ihc ei'eni Ihai ft ￿17￿1110￿ is subjtcl 10 condiri011s Ihai rcquirc a lei'cl of perfomian¢e b!, Ihe charilj. tKfoie Ihc chllriiy its eniiiled 10 Ilie fun(ts. the Jncome is deferred and i￿1 recognised UllTiI ei¢hei Ihose condili01is are fvlly n*¢, or Ihe fiJifilnKni olthose condilion5 1% i%'holly Mithin Ihe conlrol of ihe charity ￿ il is Probable that Ihe>e condiiions Mhll be fulfilled bn Ihe Tel￿1￿g petiod. Pa8¢ 7 Madele). Rurgl Communiti. Charits, otes to the Financial Statemeftt$ for the Year Ended 31 March 2022 Grrtllts receiivbl¥ Grant5 are recognistd ii'hen the chariry, has ali eniitlement lo the funds and an). Condiiions linked ￿ the grjnis hai'e bccn J)JeL Ivhere ￿rf0M}Incc conditions arc airached lo rhe grani and are yet 10 be rnei. the i￿niC is Yecognised as 3 liability aThJ inclllded on ihc baiancc s]w a5 def¢rtcd income io bc released. Deferredincome Deferred income represents amoiLnts rt¢ei%¢d for futttre peTi¢xls and is released io in¢omin8 re¥Durce5 iii Ihe period for ii'hiclL li has beeii recei%'ed. Such in¢on* is onlv deferred 1i4jen.- - The donor %pecifies that Ihe grani or donai•on musi otjly be uscd in fuwre accounring period$: ot - Tl)¢ dvnor h85 imwbsed cothlilions ivhich MU￿ b¢ before charii)"1ts5 uncoNJilional enlil1etne￿. Inconie from charitsble a¢tii'iiies represenis ihe proi'ision of acrii'iiies in ￿rthe[ance of the ¢horiWs obje¢i$. E%pendlture All expenditure is re¢ogJiiscd oiKe t1￿￿¢ ts • le8al (Trr ronslruciiir obli8aiion lo th8t expcnditure. il is piobabl¢ seiilcmeni is rcqutred aNI thc amouni be mel5￿ relthl).. All costs ar¢ alliKaied lo the applicable eX￿nd1¢u￿t hrading og¥rcgaie silnilar costs lo ihai cai¢gorv. WhLYe costs cannot k directly allribuied 10 particular headings ih¢y havt l*¢n Jllociii¢d vn a basis ron515ieni ii'iih Ihtr use of r¢soiirces, i%ith centTJI siaff ¢OSIs iillo¢aicd on lh¢ knisis of time 4)enl. and depreciation allocated un ih¢ portion of the assei's ILK. Oihcr supporr costs are allo¢aicd based on the spreail of staff cosis. These are costs it￿￿[Ted in alrdrling volvnliry the managcn*ni of inicyments dr￿ ihose incurred in Trading artiviiies Ihai raisc fLttKIs. Chorilftble &eii)'iiies Charilablt cxpciidilure comprisc5 those ¢llSis in¢iJtTed bv charity in Ihe delii'ery of lis ariiviiies an(] scti'i¢es foi Ils bcncficianes. It iniludc> both L05ts ihai can bc allocaied directly lo such ariii 111¢5 anil ihosc cosls ofJi) indirect natu￿ necessary to sw>port thetrL Goi'ern*nct cosls Th¢sc includc the cosls Illtri￿1￿ble io Ihe charify 5 compliantt iiiih consiiilltional and Slaluiory iequircmenis. incliidiiig Judii. slraiegic limi￿geMen1 aRMI INstees meetin85 and reimbu￿td e.xpenses. Goiernment zrallts Ciol'ernmcnt granrs arc rtto¥nÈsed bascd on Ihc accnthl and are measurcd ai fair i'alue of ilie asscl itteii'ed or reiei%abl¢. (iranL% ai¢ cla55ified as rclaiing eli￿r io Mthiuc or to a&seis. Graiiis r¥lating io t¢i"CnUC #Te reLvgnised in inci)nK OVLY Ilie ￿ri{￿l in ii.hich ilK Tclaled COSIS are re¢ognised. Cirdnls relaling io asx¢is ar¥. recogitised oier IhL exptcied u%fiil life of ihc asset. Mfficre part of a graiil relaling io an ass￿ is def¢rrcd. il 1$ ii'cogniscd as def¢rrcd incuime Madele)" Rur*l Comniunit!. Charih" ilotes lo the Financlal Stalemen¢s lor the Year Ended 31 ￿.1*r(h 2022 T4i*tlL)n The Llhttrii}' 1$ ¢onsidcr¢d io pass thc t¢sis sei Pala¥￿ph I Sclthile 6 of thc Fin￿Ky Acr ?QIO 3TKI Ihcrcfor¢ it mec¢s ihe dcfinitiutt of a ¢han"table compJny foi LK cowpotation lax puJw)ses. Accordingly. I chJrity is poiejitl4111) exeTnpI from ILlXPtion Kn re%￿rI of inconic or capjtal gi?iiis rcceived ii'iihin Cii iegorics coi'ertd b¥. Chapter 3 Pan I l of Iht c.or￿rall0n T&K Act 201 U or Seciion ?56 of the T￿8110￿ of Chdrgeable Gains Act 1992, ￿ Ihe e.xieni thai such irK¢Jme ￿ 8air6 are applied exclusively io ¢han"tsble Tanglble fixed 95set5 Individual fix￿ assets Costing L£th).(M) oi nK)re art iniliall)" recorded * c¢)5L kss any subseq￿￿ accumul*ed deprecialiijii and subsequcjil accu[￿Ulated impaimwtii Depre¢i•tlllll gnd *wor¢i$*tio Ikpr¢¢iation is pro%'ided on iaiigiblc fixed as5eib so as 10 ￿ri[e OIT th¢ ¢osi or valuation. Icss aThy esiimated residual value. oi'¢r their cxpected us¢fvl Lconomic life as folloii's= Amet class Depre¢iatlon thtthod a*d rate Fre¢liold buildin8S 2.10 Siraight ljne Fumiiure. ¢quipni¢iii and ()Iher ass¢ts reduciiig balaEKe The w5t of land included in the balance not deprtt]￿ed is £￿.(￿. Trade d¢btoi's T¥ade debiors arL am￿nts from cuMonKrs for n*re1￿nd1sc %)Id or ￿7¢¢$ in Ihe ordinatv tour¥c ofbusiness. Trlidc dLb1o15 arL ￿¢￿E￿I>¢d initially Al tran5a¢lion prirc. They aFe subsequcnily measured al anlortised c051 usitl8 Ihe cffecii¥'c inierest mdtKKI. less pro%'isM)n foT imp3inncni. A proi'ision for thc impairn)eni of tTadc d¢biois is tstsblished iitrn there li obj¢xiii"e ¢iid¢rKe thai th¢ charsiy ivill n¢M able to collect all amounts duc accoidijig io Ihc Original i¢m)s of th¢ rc¥¢iiobles. Cash •nd casb e4ul%•lents Casli and ¢a$li ¢qiii%alenis comprise cash on hand and coll depos. its. 2nd oihei 5hon-lerm higlily liqiiid Invesimcnts (hai are readily ¢oniertiblc io a knoiim anh)uni of ¢ash ￿ld Ai¢ subject io an insignifiranl r15k of Trad¢ ¢redilors Trade crLditOT.s arc (thligali￿4 to pay for go￿J$ or 5cTh"icLs Ihai hait bctn acquircd in ￿ ordinary eoiir%c o( buSInL￿ fiom supplrcrs. Aicounts payablc are classified as CUTTenl liabillries Lf Ihc chaiily docs noi hak¢ an iincondiiional right, ai Ihe eijd of Ihc reJx)ning pcriod. io defer seiilcii)etJr of ilic crcdiior for at Icasi li%'eli'e monihs afier the reporting ¢Jatc. If there 15 an UEKondiiLonal Tl8ht 10 defer 5ciiltmenl for 01 leasi iii'eli'e iTh)nihs aller lh¢ rep)111118 dale. they are wesenied as w-cwrertt liabilities. Tiade ciedilor5 ale re¢ognised initially ai the Iransaciion price and subsequenily 1￿caSured #i anlortised cosi usiii¥ Ihc cffcc(Ll'C iniercst Jnclhod. Page 9 Madtle) Rural Communih. Chari¢), Notes to the Financial Statemenls for the Year Ended 31 Mar¢h 2022 Borroivlng5 Inieresl-beaTing borro￿.1n￿S are initi￿lY recorded ai fair %?luc, of iransauion costs. Interest-bcaring botroiiings ￿1r¢ sub5cqiienily carried ar amortiS￿l cost. Ivith Ihe differencc beti¥ecn the pioceeds. tjci of tiansilction c0515, and thc amoimi duc on redcmption king r¢*0.￿lIsed ds a thargc lo the Sialetnent of FiJwn¢ial ActiNities oier the peri¢xl of Iht rele%"dni bottoiiing. Interest expense is re¢ogni5¢d oji ihe basis of ihe effectiir inierest Meth(￿ &iJd is included tn inieresi payable and similar charges. BorroiTrings arL classified as ciirreni liabrliiits unless ihe charily has an unconditional righi 10 defei seitlciiieni of thc liabiliLV for al least liN"clir twKbnihs afLer rcponing date. Fund Siriicture UnrcsM¢ted iE]come flliJd5 arr general funI in Ihc 51aienJeni of finaneial p051tion 14'heth. and only H'hen iherc exisis a legally enforceablL right to sei otr t1￿ iecogni3¢d an￿un[S ajxd the Chariry intCTLds either to settlc on a nct bJsi& or to realise the J¥5Ct and scirle the liabiliry simultai￿ouSjy. FIDancial assets are derecognised iithen and only ii"heTr al the conTfdcMal rights to Ihe ¢ash floivs from the fiiiancial ass¢1 expiie or are settled. bl Ilie charity. transfers lo aJhoiher party subSLqniially all of ilie iisks and reivards of oivner5hip ol. lh¢ finallcial assd. or c) Ihe chaTiI}'. despite hal'ing reiained sonie, but nvt all, ignificant risk% aiid rciiar(ts of oiinefthip. has iral￿ferred ¢onirol of ihc 35sel 10 anoiheT part}.. FinanLial liabililie¥ ai¢ dereLognised only wheji (lit obli¥alion sJx¢ified in ihe Conirdct is disiliarged. cancellcd or expire%. Pagcll Madele). Rural Communits. Charity Notes to the Finaneial Statements for the Year Ended 31 hlarch 2022 Debi tnslruthents Debi insirnnienis Is'liich m¢et Ihe folloiving CODdiiions subsequenll)" measured ai &mortised Cost usinu the eft¢clive inicrcsi method". lal The Conlraclual rciurn lo ihe holdcr Is (i) d fiTed amounL lill a posiiii"e fi_xed Tal¢ OT a positiie variablc rate. or (iiij a combinalion ora posiiii'e or a negaiiN"¢ fjxcd raie atKI a w)Siiiic Nanable rate. (b) The coniraci niav provid¢ for rypaymcnts of ihe principal or thc ietiitn lo the holdcr {but not both) to be linked io a single rtlei"Jnt obscTh7blc index of EcncTal price innation of the eurr¢n¢y rn 14.hich the debi in5trutna]t 15 dtnominared. proi-ided such links are lei"eragcd. {cl The conlracr njay provide for a deieTminable i'ariation of ilie retutn to the holder during (he life of the illitnunent. proi.ided Ihar li} the Tate slliifics coiidiiion lal and ihe variation is not coniiDgent future evtnis other Ilian 111 a change ora coiiiracDJal ￿arIable raie. l?) to PTOtrct the liolder against ¥redil delerioraiion of ihe issuer;13} ¢hang¢s iii levies applied b). a ccntrdl bank or atisiiig from chang¢s in rclcvant taxaiion or laii" or li1} th¢ nci4- raie is a Jnarkci raie olinierest and satisfies condiiion {al. Id) There 1% no conirnciiitl proi'ision ihat toul(l. by ils iernis. resuli in Ihc holder losing Ihc priiicipal amouiil ur at)y lilie￿st atiribuiable to Ihe CUT￿￿1 ￿rIOd 01 prior peri￿$. (e) Contracnial PTOI-iSLons ihzi pemit ihc issuer lo prepay a debi tnslrnm¢ni or ￿[[nIt the holder to pui it ba¢k 10 Ihe is511er befoir maturity arc not conlingertt Otl fulurc eicnis. other than to proterl the holder againsi ihe ¢redit dclcrioration of the issuer OT a charioc iii coiilToI of ihe issuei, or 10 proie¢t the holdcr or issu¢r Jgainsl change5 ITh leiIes applied by a cenlial baiik or arisins from changes in relevant laxatioii or laii.. (fj CoTblractttal proi'isions ma}. permLI the exiensioTh of the tern) of the debt in51nkmeni, proiided thai Ihe ietlim to Ihe holder and any oihcr con¢racwal proi'isi011s applieable during the exteiidcd terni satisfy ihe coJidi110115 uf paragraphs la) 10 Ic}. Dtbt In51rui￿cl1lS Ihal arc classifjed payable or rcccii.able iviihin vIic ytaT ttn Inilial trcogiiilion and ii.hirh Enccl ihc abni'e condilicbrts are TI￿a511r¢d ai Ihe iiDdiscounLed amouni (If Ihe Lash or oiher coIisidLAlion eipecled to bc paid or received: net of impairn*ni. With Ihc c.XEeptioti Df SOTne hcdgin8 lnsiri]meiJ￿ oth¢r Ilcbl insiruments not merfing ihese Condiiioiis ar¢ measwed dl fair value thriyugh profil or loss. Con)Jnilmenrs lo make and re¢eJi¢ loans ii.hich meei rhe conditions mentioned akni'e are n)tasuTed al ¢051 Iii'hiLh mas be nil) less im￿1r￿¢11t. Iiii'esinjertls 111 rt0114onvtrtibl¢ preferencc 5hJrcs and non-plliiablc Didinary 01 prelerence shares Iivlieie 5harc5 are piiblicly IrAded or their fair i.alue IS reliably Tt]edsurable) are measured ar fair ialue ilirough profit or loss. Where fair Naliie cannoi be measured reliably, are measured al eosi less impajtmellt. 1111"¢51Jiients in 5ub%idiarics a￿1 associates are i￿e&sured at cost Icss impaimient_ For ini'eqtmenis iji subsidiaries acquirLd for coiisidlration including lh< issuc of shares qualifsiixg lor meig¢r relicf, cosi is Jn¢asurcd bv [LfCrLn￿ lo ihe noTniTral i.alue of Ilic slMrLs issued plus fair ialuc of co[￿lde[all0J} Any pr¢intuJ￿ ].% Page 12 Madele). Rural Community. Charil). Notes lo the Financial Statements for the Year Ended 31 fvlarch 2022 The uhariiy use5 derii'aiii"e fil￿nCIal iiislrntnenrs lo reduce exwjsure to forei¥n excliang¢ Trsk and interest rai¢ moi"cmcnis. Thc ¢haTity d￿5 hold or i$5ue deiii'aiii'e fin￿￿101 LIISITutllcllts for specylati%'c PUlVOSC5. Derivaiii"e5 ar¢ iniliallv recognis¢d ai fair i'alue aL Ihe dale a d¢tiiaiiiE coniTacl is enleTed Inio and ayc 511bsequ¢iiily rerneasur¢d io iheir fair i'aluc ai cach ￿e￿>nIng dalc. Thc resitliing gaiii OT loss is rccogiJi*¢d in sthlemeni of financial aLIii'jiirs iniThi¢dia*ly unleL% Ihe dLYJvatjlT is designii led and effcclive as 1L Iicdgtng insinitncnt, in ii'lii¢h ci'ent the iimino of ihe re¥ogniiion in siaietncnt vf firtaiicial aitii'iries depends on il)c naiiire of the hcdge rel%lrionship. F¢ffir vo114e The be81 ei"iilcJice of fair ialuc is J quoted price T(>r an idcniical ass￿ in an aciii-c JnaTke(. Ivhen qiioied price5 are unaiailablL, Ihe price of a twenl tran5arliotJ for an id¢nLtial assd provides eviden¢r of fair valui as long as Ihcre has Ttoi becn a 51gnifJcanl change in econoniii cirCu￿L￿tancey or a signifteaDi lap.se of tiine stn¢c Ilie IransLtClion rook plaLe_ If the markei is not ailii'e and rcceni Iian5actions of an identical assel on Ihcir 4lrc nor a good cstimiÉ ie of fair value. the fair %alue 15 esiimatcd by using a N"alL]atlOEi i¢chnique. 3 In¢ome from donatlOD5 and l¢gacie5 Unre5trirted fumds General Restritl funds Total 2022 Doii4tioiis and le8a¢ies', Donations frotn companics. in]￿s dnd similar prncce(l% Dtsnalions fron) indii'iduals GrdiiLg. itjcluding cJpilal 8r¥nls' Goi'eniincni granL% 3.881 280 7,881 28 29.82-. 29,823 33,984 37.984 L'Drestrieied funds General Restricted funds Tolal 2021 DL)iiaiiun5i (nd le¥act¢s-, Doni< lions from comy4inics. ItUSlS dnd similar proceeds DoIialion5 from indii'iduals Crrnjlls, incliiditig capital giants- Goi'erIiineiJt gniil.8 4.00 84 38.999 38,99)L 39.083 4.000 43.083 Page 13 Madele}. Rural Comniunit!, Charily Notes to the Financial Statements for Ihe Year Ended JI Illar¢h 2022 4 from rharitable 4Ctivitie5 UllI¢5tricted fuiid5 Ceweral Tolal 202Z Occupant lent and 5en.icc chargeb R¢gulaT f(x>ni bookings Me¢iiiig5 Incomt From F¢td in TaiitTs Music Ivenls Orher income 26,858 3 1.825 194 4.067 1.060 83 26.85R 31,825 194 4.067 1.000 83 fA,087 Unrestricted funds General Total 2021 Occilpatii reni and seTr"ic¢ charges Regular r(>on) bovkinss Incotnc frotn Feed in Tariffs Oiliei incon)e 22.552 5,525 7,133 305 22,552 5.525 7.133 305 35,515 35,515 4 Incorne fronh othtr trading llctii'ltles Unreslric( fund5 Ceneral Total 2022 Tradiiig i1￿￿t￿le,- Sales ofgoods and 5cr%'Lces OiheT triidinE initsiiie 8,810 3,564 8,810 3,564 12,374 Uthreslricted funds Gen¢r#l Total 2021 Tradinu illcomc., SJle) of goods aml sm.ices Oilier trading itlconie iOO 129 500 129 629 629 Pagc 14 Madele), Rural Comniuniti. Charit!, 'Dtes to the Financial Statements lor the Year Ended 31 Iwlarrh 2022 6 Expenditure on raising lunds a) Olher costs of generAtIllE donattons gnd legacies Unrestricted fund5 Gtneral Total 2022 Note Oilier direLI ¢OSls 432 Tolal 2021 Note 7 Expenditllre on ¢harilabl¢ a¢tii"ilTe5 Unre5tri¢ted funds General Restritted fund5 Total 2022 Siaft cO￿ts CleaiiJIig 40226 2,500 20.542 1.218 15,653 525 40.226 2,500 20,542 Cotnmiiiiications Properly Maint¢nancc and RepaLT5 Groiiiids MaintenanLc Other Costs Ac¢oulltatKy Costs Dcprcciaiion 15,653 4,525 4,7)3 4,OOn 4,753 .427 32.83¥ 34.265 3,290 930 liJdLpendeni Examination P￿fe&%1011aI Fees Nqaiiagenieni Fee 930 960 I l.O(N) 960 I 1.000 103,136 36.838 139,974 Pagc 15 Madele). Rural Comniunit) Charil.}- Notes to the Financial Statement5 for the Year Ended 31 fvlarch 2022 iJnr¢5trl¢ted fund5 GeDer*l Restri¢ted funds Total 2021 Si£iff Cosls Cleaning 5.553 819 8.764 1.147 6.299 (35} 1,858 1,155 1.242 3,344 5,553 819 8,764 1,147 6.299 Comnjunicaiioiis Propcrty M1& intctttsnee and RcpaiT5 Grounds Maintenance Oilitr Cosis ALc(Trllntriicy Costs Dcprecialion I1￿￿rance 4.ODO 1.858 33.909 35,151 3,344 30.146 37,909 68,055 8 Anal}'$ls of goi-ernan¢e 5llPPOrt cosls Goi'ernan¢e cosls UTh*e5tri¢ied funds Gentr*l Total 2022 Indepeiidenr e.Kaniiner fees E.xamitiaiion of the financial stateinenls 9JO 930 930 930 Unre5tri¢ied funds Geiieral Total 2021 liidcpcndcni cxaniiner ftts ExanTrinaiioiJ nfthc finaJiiLal siatcnieihis 030 C)30 630 ()30 Page 16 Madele). Rural Communitv Charity Notes to the Finaneial Statetnen¢s for the Year Ended 31 l¥lareh 2022 9 GoVern￿)ent graiit5 Chatitj" reLeiied £24.¢X)012021_.£38.999) (rom N'eii'casile-under-LJme Boiough Council fTom Coiid grants and £5,823 from HNIRC In respeci tsf ihe Job Rel¢iiiion S¢heyne. Th¢ aniouiit of grants ieco8nised in ihe financÈal staiemenls lias £29.823 {2021- £38.999). 10 Ntl incomingloulgoing resources Nei loutgoingyincomiiig resource% fur the ycar Includc.. 21122 2021 Jkpreciation of fixcd a5s¢Is 34,265 35,151 I l Tru$tee5 remuntration and cipen5t5 No In15lcLS, lloT any persons connccied ii'iih ihern. hai'e rcceii'ed any relnuneraii￿l fro￿ ihe choriiy during the year. No injslecs have rcceii'e(i any reimbursed cxpenscs OT any ￿her IKnefJls fn)m the charity during the >car. 12 Staff costs Tlie aggrcgJle payroll ¢osis iiEre as follo1￿.. 2022 2021 St&ff ¢05t5 during the l'ear w¢r¢: ges aTbd salaries Pt11510n costs Other staff c05rs 40,089 56 81 5.487 40.226 5.553 During Ilie year, the chLlriry niade redundancy and'or rennimaiion payments i%"liich ioialled £1,731 {2021- £Nill. No cmplo)"ec re¢¢iicd eEiiolutnents of I￿)r¢ than £60,0(Kl durino ihc y¢ar. The luial cjnploycc ki)cfJis ()fihc ke). maTrHgenKni peT50nnel tslthe chariiv ii'crc £19.78S {2021- £5.ii3). Page 17 Madele), Rural Communih. Charit), Noles to the Financial Statements for the Year Ended 31 March 2022 13 TaTalion The chariry Is a registcied charity al￿ is thtrefore eKcmpt from iauiion_ 14 Tallgiblt fiied assets Laod &od buildiNgs FUrnit￿re #nd equip￿ent Total Cost Ai l April 2021 ,530.212 119,868 1.650,080 Ai 31 March 2022 1,530.212 119,868 1 650_080 Depre¢i&tion Ai l April 2021 Chat¥c for Ihe s'¢aT At 31 March 2022 324.03S 29.245 86,402 5.020 410.440 34,265 353.283 91.422 444,705 Nei IMK>k i'alue Ai 31 M8reh 2022 1.176,929 28.446 1.205,375 Ai 31 March 2021 1 ?06.174 33.466 1 739,640 15 Debtors 2022 2021 Trade debtors prepaym￿ltS 20.858 13.774 1.212 20,858 14,986 16 Cash and ta5h equil.*1e￿l5 2022 2021 Cath liaiml Cash at bank 50 95,750 102 95.8(M) 81,653 Pagc 18 M￿dele) Rural Comniunil) Charitv Notes to th¢ Financial Statements for the Year Ended 31 fvlarch 2022 17 Creditors: amounis falling due i)ithi￿ one i'elr 20Z2 2021 Trad¢ Lrcdilors her iaxation and social secuT]ty Other creditors Pension scheme crcdiior ALLwa15 Dcfctred inLoine 15,846 741 122 55 (6) 67 930 215 2.000 4,016 17,917 6,202 18 Conlingent liabililies The chariry has giien a legal charge amouniing to £479.625 in fai.our of Th¢ Big Loiiery Fund ii'hich is $¢¢ured 011 the freehold proAYtty. 19 Funds Balan¢¢ *t I April 2021 Re5Trurces expended Balance at 31 hlarth 2022 resources Unrc5trpcted fund5 enernl Gerti)al 50.078 110,445 1103.5681 56,955 Design¢iled Nq(iiiit¢iiance Cvsis 35.IMIO 35.O¢K) Total unresiricted fuDds 85.078 I IU,445 1103.5681 91,955 Rcslricted ftsiids Buildiiio COli%iruclion and deielopnieni Kilchen Sinkitjg Futmj Acousiic Fuiid CompuicT Fund Healthy Lii'iiig Suiic Mad¢l¢y Parish co1￿Li1 1222.8( 9.752 3,825 3,601 4,955 {31.749) {2611 15741 12541 9,491 3.251 3,347 4,955 {4,(M)O) Total restri¢t¢d fund5 136,8i8} 1,212.161 Toial funds 1.330,077 114,445 1140,4061 1.304,116 Pagc 19 Madele). Rural Communiti, ChaTjty' LYot¢s to the Financial Statements for the Year Ended 31 March 2022 Balance at I .4pril 202(1 Resources eipcnded Balance al 31 hIar¢h 2021 re5011rces Vnresti'icted fund5 Geiierfil 4.997 75.227 {30.146) 50.078 Mainienan¢e C05ts 35,(K)O 35,000 Total unYestri¢ttd funds 39.997 75.227 130,146) 85,078 Restricted Building construction aj dci'elopjneni Kiicljeji Sinkirtg Fund Acoustic Fiind Cornpiiler Fuiid Hcalihy Liiiiig Slliit Madclty Parish C.OUDcII 1,256.070 10,060 3,960 3.863 4.955 {33.2041 (308) {135) {2621 1,222,866 9,752 3,825 3.6()1 4.955 14.IM)I Total restri¢t¢d funds 1,278,9)8 137,9091 1,244,999 Total fund5 1.318.905 79a27 (68,0551 1.330,077 The specific purposes lor ii.hich the fiJn(ts are io ￿ applicd are as follwi'5-. Biiilding fOTr>ttuciion and dei'elopmeThi ￿nd- i'aluation of ihe land alid building beiiig iiTltien off oier io >'trars. Kitchen Sinking fiiJid-EraJit to Im￿1,¢ The kitchen area ALuusLic fuiid-8ranL lo provde aiouLllic equipmeni Coinpiiler fiind-granl lo proi'ide nei¥ compuier cquipinciit Healthy Liiiii¥ Siitie-grani io itnprol'e ihc hcgL lthy lii'ing suit¢ Madclcy Parish Council-grdni roiiwds mainienat)¢e c05ts_ Madele). Rural Communil). Charil!. 'ote5 to the Finanrial Statements for the Year Ended 31 Nlarch 2022 20 Anali'si$ of nel assets betv.een funds Tolal funds at 31 F41arch 2022 Unre5trirted fund$ General De5ignaled Restricttd funds Taijgible fix¢d assets Currcnl assei CuTtcnt liabilitics 8.087 66.785 117,917} 1.197.?88 14.873 1,205.375 116,658 17.9171 35.0(H) Toial nei assets 56,955 35.IlJ) 1,212.161 1.304.116 Tolal fuiid$ at Ji riIar¢kn 2021 Unrestri¢ted funds General Designated Re5trTcled futids Tan¥ible fixed a55eis Current ass¢ls LIiiT¢ni liabilities 9,514 46.766 16.202 .230,126 14.873 1,239.640 96,639 16.2021 35.IMM) Total net assets 50,078 35.(M)O 1.244.999 1,330.077 21 Related pattv tl"2ttSaCtions Tliere i%'Ltc no relalcd pariy iiatL5aciions iii ihe ye