Cc*npaThy rtgisiratbon number.. 06921078 Charity rcgisttxtioTh numbcr". 1130189 Madeley Rural Community Charity (Acompgny limited by Quaran) Annual Report aDd FinarKial the Year Ended 31 March 2023 'ACIZVF694 2311212023 COMPANIES HWSE 1111 Dgryl DeiK8on The D1$0 Centre Sireet Hanley SIDke on TT¢nl STI 5DJ)
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Madeley Rurl Community Charity Contents Referertce And Administrotivc D¢iails TnLSt¢¢s' Rcport 2ro3 lo(kpendcnt Examinels Repm Siaiem¢nt of Fjnwial Athiyilits Balanrc Sl¢t Notcs io the Finwnciol Sw¢Tt*nts 7t0 19
Madeley Rural Community Chrlty Reference and Admini5tr2tive Del¥i1s Trus(ee5 Dk Miller Mich8el Breraon Roy Duiiort Jamic Stcphcnso S¢ephetL EIIi$ 1130189 Charli> Ilegfj$tr•iion Numb¢i CompAts> Reeistratlott Number 06921078 The charity is incorporared in FA]81al •Nd IVAks. New Road Madel¢y Crcwe Cheshire CW3 9DN Reti#ertd 01¢• IndepeDdeNt ExmiNer DJryl t)cnson Tlie Dudson Ceni¥e Hope Sirtei Hanl¢y Stoke on TTeThi STI SDD BRnktrs PO Box 250 DeifHouse SDUthaY Skclmer5dale IVN8 6WT P•ge I
MadÈlty Rural Community Charity Tru$ttes' Reporl The tn]stees. who arc dire¢tOTS for tht purposts of conpny law, prLsent Ik aThr rewt tO8tthcr 7Th the rijthncial stat¢menl$ of the ¢haritable cowy for the ytsr ¢nded 31 Marrh 2023. Objectives and ¢iivities Ohjeets Tndllims Th¢ ¢ha(iiy's obi¢ctives ar¢ 10 provide the local rurJl ¢ommuniite5 with optthlwiilic5 for l¢amin8. health and ¢ommiiniiy eiilcrprise. 11 inienils to achie%% this by 0sKrniin8 a nitslii-use ¢ommuTrily r¢nue. In pani¢ular ourobje¢iii'es a1 thchie%tm¢nts ar¢." To maint4in a mulri-U5e ¢ommunity rentr¢ To secllre ongoin8. and pledictable and su#ainabl¢ income To build and mainiaiTh sutrlcicnl reserves provide cominuily ofsctvi To PTDvidt local pwk with high quality l¢iwre and Irarnin8 aclivilics. We are OFcraliii8 ihe comfflunily c¢tre for ihe bencfli of iht inhabiwits resid11 wiihin a 10 milc radius ofihe cenlre. The ctttir¢ is 1ftB ed iti partIlaT ffx medin¥s. le¢Thres and classes and for oth¢r fwms of rrrration and Ici5urc rirne occupati¢)n, in thc inierests of Social iv¢lfaT¢ aml ivith the i)bjcct of iinproviDg thB condirioThs of lile of Ihc inhabitsnts ihiended to b¢ncfii. The irnsiees cojifim) that iliey havc coinplied 1th the requirunents of seciion 17 of the Chariiies Act 2011 ro have due re8aTd to public benefit 8uidance publish¢d bv the Chatity Conuni5si¢)D for England and Ivalcs. Trusl¢es #Ad •ffi¢¢rs Ttle tru5tee5 ¥Dd 0[CcI$ sen'ing during ihe year and 5irtt IILC year end Tre is folknis: Trusrees." Derck Miller Mi¢hael BrtidOO Roy DuiLon Jamie Stephen¥ Slcpheft Ellis Ngllire ofg01yrlg dKNmeNI The chariry is a company ]irted by 8uaran*e iiuth the liabiliiy gf membus limited 10 £10 each. Tli¢ ¢0MlY 1$ gov¢rn¢d by iern) of irs memor4ll atd Ani¢les ofAssotiatitsn ine¢>ry>Draled 2 2009 a$ amciithd on 13 OciobEr 2018.and 15 rt8151tTtd as a chariiv wilh iht Chariiy Commi5510rJ Pa8¢ 2
Madeley Rurl CommuDity Cbirity Trustees, Report Tn1¢¢5 are appoinie41 in arcordarlce "1th Ibe Articles of Associaiion of th¢ Company. OTr¢ thitd of ihe board nbeTS. being those itho are lort8eM servin8, SWI retire from offite at exh ann1 8¢n¢TiI iTLeeiing and we cligibk for reappoinltn¢ttL As a mattor of policy th¢ Trustee5 INJSI rtsidc in the area of bener Ei'ery Trustee up)n ele¢iion or appoint0nE sh[ receive 8 Wekome Pack hich M'ill ithclllde 8 ¢opy of th¢ ¢omp8ny'5 Mcmorandum and Arriclcs of ASlaTion." TDAsiee lTrdudion and CompeiuKy Frame%¥0.. Tnstee Codc olconduci or if an AffJlie Membcr the AifJlia Cod¢ of ConthJcL As part ofatj induclion ille T(ust¢e Ivill be askcd 10 complde a skills audi¢ F¢UTrLary inLetesi form and confltct of inierrsi fomL In order lo be eligible to Vole al aThy meeiing. eyery Trvsw sly a declaraiiw oFwillingnes5 10 1 as a charity Ini$iec of the compèny. Finsnti*l rri"i¢M' The Chariry'$ fin¥)¢ial pJ5iiion is laid io ihe finan¢ial skntements in rAgE5 S ty 19 of this Ttport Poli¢yoN rt5erves Our medium ierrn aim is w build reserve$ 10 ai Iwt 6 wornh of ynwiriucd exp¢rtdiiw¢. Ow¥ free cash resery¢$ ivert standin8 at £7,986 (2022-É83,8681 al the balance sheei dal¢. This figur¢ includes an .Imounl of I35.0 lo Covtr essential long terni mainienance cosis of thE lId11)g. Smau tompaoies provtsion sixtÈmeD¢ This wepon has bttn prepared in aceordaEK¢ wiih the.nall ¢ompnies reRime ur¥l¢r the Comp8nies A¢t ¥nnuRI rep s approi'ed by Ik tswst¢es of ihe charity on J91121u. sigrKd on it$ b¢h&lf by.- Mi¢h¥l TrusiLY ertton Pa8e 3
Madeley Rural Community Ch•rity Independent Examiner's Report to the trustees of Madeley Rural Comrnllnity Charity ('the Company,) I report to Ihe cthity tDJ51ees on my examination of the ¥¢ounts of the Compny foT the year eth 31 March 202J. Rtgponslbpllties b•sh •( report As the charily's Irusiees of th¢ Company (and also its direcT5 for the purpases of ¢ompany law) you are resw)n5ible for Ihc prepaNion of ihe xcounts in atwdance iyith th¢ wqu1MEnts of A¢1 2006 {'the 2006 Aci.). Having satisfLed myxlf ihat thc accounts of ihc Cryy are w rtquiie41 to be audii¢d Part 16 of the 2006 Act and art tligible for indeFndcnt examinsiion, l TerM)rt in r¢5pect of my ¢x4minati¢)Th of your ¢harily'S atcounis as cani(xl oui under stttion 145 of the Charities Ad 2011 ('Ih¢ 2011 Act.). In caThying oui my ¢X&iminaiion I hae folloM'¢d Ihe Dir¢¢iioEl$ 8È¢n by Charity Commi55ion under secilon l45(51(b) of Ihe 201 J Att. Indepettdtnt ts4Nurter's stttrntnt I ha.¢ ¢otnpleied my wrDinaiion. I ¢onfimi thi1 no malTS have come lo my aueniion conneciithi with Ihe ex?minaiion yvin8 caux to believe.. l. accountiiig iecord5 Trrrc kem in resrrta of Madeley Rural Conynunity Charity as required by se¢(ion 386 olihe 2006 Ath.. or 2. the accounts do ¢ord those ret¢ynls; or 3. the ac¢oun15 do not wn]ply iviih thE a1[ing Tewirements of sectron 396 of the 2006 Aei other thtsn any requirement ihar the xcounls give a'inje and fair tI. whieh a nJ*teT considered as part of an indepcndeni examinaiiot)- or 4. Ihe accoiiiits hai'e noi been pr¢paTed in atcord•net ivith lh¢ mdlKxl% and principlc5 of thr S1lient of Recommcndcd Pra¢ii¢e for accounting and reporting by tharilies lappltcable to ¢haniies Pparin8 their accounts itl aordanCe with the FinatKial Re{ing Stslldard applicablc in the VK and R¢publie of Ireland {FRS 102)]. I hai'¢ no ¢oncm and havc come across other mau¢rs in c4)nneciion wilh ihe eximifvattoii M which aiieiiiion should be draifft Ln ihi5 report irt order enable a ptoper UThlet5ts1Ith8 gfihe be r¢a¢h¢d. enso The Dud50n C¢nlrc Hope Sireet Hanley Sioke on Treni STI SDD J:zl2023 Pag¢ 4
Madeley Rural Community Charity Statement of Financial Acti11¢$ for Ihe Year Ended 31 March 2023 (In¢luding Ineome ahd Expenditwre Accounl and Siglemen¢ of Total Recognised Gains and Losses) Umresfrirted Restricled funds Tot1 2023 Not¢ Tn¢om¢ and Em41ovDients frDm: Donaiions and lecleS Charitable aCliTritics Other ITading a¢iiviti 570 74.328 12.903 4.570 74,328 12.903 Total incorn¢ &7.801 4,0 91,801 Expenditure on: Ruising fvDds Chariiable aeiivities (I,JJiJ (190,2471 153.948 (36.299} Tolal expcndiiure (155.279) 136299) {19l,578} Nei cxpendinir¢ 67.478 132.299) 199,777 Net moi'emeni in bJnds (67.478) 132.299) {99.777) RcconelllztlQA or runds Total fiJnd5 brou¥hi (OThVJTd 9).955 1,304 116 Tothl fimds carried forward 18 24.477 1.179,862 Rtstri¢tt funds 1.204.339 Totol 2022 UwJres¢ricted futtds Ntyte Inrom¢ ind £nd•n'm¢nls from: DoJ)alions and kgaties Charitabl¢ aclivilKes h¢r irnding •¢iivities Totral incom¢ 33.984 64.087 12,374 3?.984 64,Q87 12.374 110,445 4.0(K) 114.445 Espenditure un- Raisitt8 furtds Charitable a¢iivitics (432} (103.1361 {432) 139.9741 (36.8381 Total expendiiure (103,568) {36.838 1140.406) Net inrwiid(¢xpcnditure) 6.877 (32.838 25.9611 Nd ¥¢ent in fvt 6.877 {32.818) 12S.9611 RttontllialioTr of fundi Toial funds bro8hr foniwd 85.078 .244.999 1.330,077 Total flu5 carried fonvanl 91,955 ,304,116 All vf ihr ihRTity's aciii'iLi¢s d¢wive from Operatior durin8 th¢al'¢ Im'o peri. Th¢ nolu on paBcs 7 19 fonn an ingral pan of i1 finarKial s1)en1$. Pagc 5
Madeley Rural Community Cbarity IRegistra¢ion number: 06921078) Blance Sheet as 2131 March 2023 2023 2022 Noit Filed assets Tangible as5els IJ 1.181.480 1,205,375 Curr¢nt w¢ts D¢bi(Ks Cash #t bjnk and in htsrbd 14 15 13232 51.542 20.858 95.800 64.774 116.658 Credltors: Amounts 18llin¥ due M'ithin one yer 16 41.915 17.91 Net ¢utr¢rtt asstts 22.859 98,741 Net 4S5ets 1.204.339 1.304.110 Funds of the charity: Rttlrlcted intome fund5 Re5tticied funds 1,179.862 1212,161 Unrestricted incoffle (¥ud5 Unrcslri¢icd fvnds 24.477 91.955 Totul fthd$ 18 1.204.339 1.304.116 For Ik finan¢i31 y¢ar ettdtng 31 2023 the charity cniiikd io cx¢rnprion from audii unthr 5cciion 477 of Ihe Companies Act 2()J6 relaiing lo small ¢ompni¢5. Dirc¢tors' r¢$ponsibLlIli¢s". Th¢ McMt havc not rcquiTcd Ihc (lty to obthin an audit of its a¢¢ounts for the year ith question in o¢cordan¢¢ iyith section 476" and Thc dircclors acknoivledg¢ ihthr r¢sponsibilLlies for complwn8 lviih ihc rCquircThThl5 of Ihc Act with respect to ac¢ouniin8 recoTdsatMI Ihc PTcparalion of a¢¢wnts. rin nci411 sttiemenis on pages 5 to 19 approv¢d by the iwe¢S. artd 4uilv)rised foT iW¢ On 141121%5. and sigp¢d M ih¢iT behallby= Michael Brercl Tnsie¢ Th¢ no on pa¥cs 7 10 19 forni an int¢gTrl wt of ih¢s¢ financial skntrments. P¥ge 6
Madeley Rural Community Charity Notes to the Flnancil Statemtnts for the Ytar Ended 31 Mareh 2023 I Chirlt) $1gtu$ Thc rhanty is limitrd by 8uaraiittt, Ittcorp)rn Lrt England and Wale¥ and e4Trnscqucntly docs noi hove slia capital. laeh of the trwtees is liabk ¢Ontribul¢ an amotsnl not ¢x¢¢¢ding £10 iowaTds lh¢ a55¢1s of ihe Charity in Iht eveThl olliquidation. The address of its re8lStued office is: New Road MJd¢l¢y Crew¢ Cheshire CW3 9DN 2 A¢touNtiwg policits Summar) ofsiglll¢aAt accouDtirt8 poli¢ie5 and kev ¢cwntin8 estimate5 The princlpal accouThtin8 polities applied in ili¢ pt¢paratioTh of th¢5¢ finartial at¢ments aTe sei out beloiy. These pollcies have been consisienily applied to all Ihe ye5 prc5cnicd. wile55 Otherni5e siared. Statement ofcompliance Tho financial S1a¢nts have bccn PT¢pared in aeconlance with AceouttLiThg aT¥I Reportiwa by Charitics: Sthicmeni of Recomm¢ndcd Pracixc¢ (applicable 10 charili¢5 PtepaTing thcii aEcounts iri ¥cordanLt wilh the Finartcial Reporting Stan&rd appli¢Rble in the UK Ind Rev11¢ 011land {FRS 102)? (issucil In Ociober 2019) (Charitits SORP (FRS 102)). the Fina#cial Rcportinx Standard aA)licable in Ihe UK atyA Republic of Ireland {FRS 102) at the Companits Act 2006. BR515 of PTepar4tlott Madeley Rural Community Cha(ilS' meets The definition of a public benefii eniiiy undcr FRS 102. AsseES liabiliii¢s are initially reco8nised at hi#on¢al eos1 or transaction i?lue unless othetiiise siaied in ilie televwit accouniin8 lIcY llote5. Going ¢onreTn The ttU51ccs fQD$id¢i ihtre art iio maicnal uncertairti&s akui ihe ch•riiy's abilily 10 cnnlinue as a 80in8 concern nor any $i1r1¢1 Jrras uf w¢rf2inty ihai th¢ urrying 11)lue ofHsscts hcld by th¢ ¢hariry. All income is recognised once Ihe chariiy has eniiikmeml lo Ihc incoin¢. il is probable th81 thr income ii'ill be ccii.ed thr amwnl of the income receivablt can be mea$ured reliably. Dolitsiions lidIc¥tI*$ thiialiojis ar¢ r¢cogni5cd ii'hcn Ik charity h&$ be ntsiified in Till of at[mli1 and 5Ctilemeiii dak. In the el'eni thai a donalion i5 subjeu 10 conditions thai require # Icitl of wfomunce by lh¢ ¢hariiy rore ih¢ ¢hariiy is Cnlitled to th¢ fvttd%. th¢ iDcome ib defeffed and noi reco8ni%ed uniil ¢kih¢r those condiiions are fvlly met. or Ilbe fuifhlnieni of those conditions is ivholly ii'iihin the tOfLtrol ofthe clwiLy and li 1$ probable ihai these ¢ondilAOlts ilill be fulfillcd in ihe reportih8 wi. Pa8e 7
Madeley Rural Community Charity Notes to the Finncil Slatsments for Ibe Year Ended 31 Marth 2023 Gmiits peceiwble GfnlS are recognised Charity h•5 M(iilerneni w the fu15 and any corsdiiion5 linked w Ihe grnnts beert mei. Where perforn)ance Condiiions art aitactKd io the grant atmi are yer to be mei the incomB 15 recogttised 4$ 1 liability and In¢1 Ihe balattce slet as defeed 10 be Telea5ed. D¢reed in¢onR Tepresents M[[15 received for peri(J5 and is Ttleased IncnIng resowces in period for which, it has been received. Such 1$ only def¢Thed itAm" - The doiior 5pecifJes that Ihe 8ranr or donatiott must othly Used in ftjtyjrt accounting p2riods-, or - The donor has imp¢scd condilions ivhith mug bc before thc ch4TiI} has unwndilityial entitletstertt. Choriloble &tiii'iiies ILIEome from ¢h)niabl¢ actiiities rtptseNts the provision of a¢tivities in furtherat)ce of the chari1$ obj¢¢¢$. Expenditure All expenditure is re¢o8ni5¢d ort¢ ihere is a legal or wEsiiuciiYe obligaiion io thai exp¢nditsirq It ts pwbablc seillemeiii 1$ required and thc 4wKJuni be measurrd lIablY. All costs are all¢)caicd Io Lli¢ applirabl¢ expendilur¢ headin8 ihal #88rtgaie srmrlaf ¢051$ 10 thai cawry. Where costs cannol be divllY aiiribimtd k• particiilar he4diTh&5 tky have been allocateil on a basi$ nSIst¢nI wilh Ihe use of resources. Ivith c¢nital staff Costs allocaicd on the basi5 of tim¢ sp¢M. and dwretilliion thw¥¢s Allo¢ard on lh¢ portiou of a55Ct'$ us¢. Other siippon cos15 are allocalcd based orl thE Spr¢ of staff cosis. R4isinzfMiids These are costs irturred in voIrbIary incon. th¢ managefixni of iThNtllmen15 and ihw in¢UTrtd in trading oc¢ivittes Ihat rnisc nd5_ Chafiiablc ¢XFenditure ctynpfi5e$ tISe t¢tS iftcurrd by the charily ih Ihe delivtry of its livilies senY¢e for ils beneficiarics. li incliides boih c05ts ihai tr4n b¢ allocatd diTe¢ily io such adiiyii¢s and thosc ro$is of at) indireci nature nects54ry 10 511pport ihem. Goi'ern4n¢c co$t$ The5c includ¢ the cost5 Jltribui8bl£ to rhe charity's complignce i%itb constitutional atyj staDJiory requirements. includin8 audii. 5tral¢gic manwent a1 inksitts lltin8s Teimbutsol expenses. yanls GoY¢rnmeThl wis are iei08niscd bad on ihe accnjal r]Y)del and 8r¢ measured 01 thc fair i'alue of ihe asset rcrcii'ed or ie¢¢ii'abl¥. Granis classific41 a5 rel*iiig eith¢i 10 or io assets. GraEilS r¢IlI1g M'ctiuc are r08111sCd in ov¢T Ibc peri IhIch Ihc rc]aied rosis ate retogni%d. Giants ielaiing 10 awls are retognisd oi.ei the expeci¢d uscfijl life rjf Ihc assci. Wh¢re pan of a 8rani felaling to an assa is d¢C¢rr¢d. il i recogn15cd 05 d¢fcrTcd I0¢. Page 8
M4deley Rural Comniunity Charity Notes to the Financial Statements for the Year Ended 31 March 2023 Taxation The cliarity is LoD$idend to Ihe sts scl oul in Para¥th I Schedule 6 of the Fir1at Att 2010 and thercforc it mttts the d¢finiiion of p charitbble ¢OrnPRny for UK corp)TJtlOll tsx PUTPDses. A¢rwdinOy, the harity Is poieniislly cxernpt from thx10n in res of incomc or c¥ital gains r¢c¢ivrJ iviihin r&l¢Bofi¢5 cov¢rcd by Chapter 3 Pan I l of thc corporati Tax Acl 2010 or Seciion 256 of the Ta10 of Chargeable Gains A¢1 1991 the exnt that $uch i1me or8airts are appli¢dexclusively ¢0 charile purpos¢5. Tartgible fixed assets lthdividual fixed assets CQS¢ing £5LKI.(K) OT more are initjally rtt(¥ded at cosi. less an) svbsequ¢ni •¢eumulated dcpreciaiion and subscquent 3ccumuled inyirnieN Iosscs. Depreciatiori •rAd mortls#fioR D¢prlation is provi4kd tan8ibl¢ fixed a¥xts y> as TQ lIe off tht cost or i?luatioh, les$ any estimated t¢5idual value. o%rr Iheirexpecled ur1 ewnwnic lifc as folloiks.. AtI ti4s5 Frtehold buildings Furnitur¢. ¢quipmcnT athd h¢T ass¢i$ Dtpre¢latioD attd rate 2% straight line 15% teducing lance Tr•d¢ dcbtors Trade debtors are at)w)unts due from Cu¢ for merchaTlSe 501d or seT¥ices perforn)ed ith the owdinary COUT5e o(bu5in¢s5. Trade dthofs re¢o8niscd initially ai Ihc tran58CIiOll PFKC. Th¢y are lSequen11Y mcasurd gl amonised ¢oY using the effc¢titr¢ inteTesi nieihod. Icss proYbSiO]) for impainneni. A WOVi5LOn for thE impoittneni of trade debiors is ¢S¢ablbsh¢d ivhen thcr¢ is objeciis'e ¢iid¢nce Ihai the ¢hariiy will not be Jl¥ collcci all amounis due aecording ¢0 Ihe original ofthe [e1able5. Cash and csh tqyiv#l¢nts Cash cash eq1%.a1¢ts tornptiS¢ 5h on haj and ¢all dcpusits. ond (dher short-tcrn) highly liquid inve5ttii¢Dis ihat allY Convertible a amunt of ¢ash and are SiLbjeci to an in518nificani risk of ehange in Trgde creditors Trade credilors arc obli8ali(s (o p&y for goods or 5cn%cs lh have bten acquiied in thv OTdiiiary ¢outs¢ of bi11t55 fiuffl supplieTS. Accounls pa)'ble aTe tlassified as tuttciJI Iiabililles If th¢ chaiily do¢$ noi ha¥'e an urtconditional Yighi, ai thc. of the reporting priOd. Iv dcfcr s¢iikmeni of the CfedilOT fnr #i leasi iii'cli'c monilis after Ihe tcwrting dale. If thcrc 15 aD unioDdiliorl righi io defer SdLl¢mrnt foT ai ltasi iii'¢li"c 11th after thc rcwting dale. they art wcsrnied a5 rtotrcurreN IMbililiCS. Trade crediiofs recogllised iniii?Ily ¥¢ the tr¥nsa¢tion pn¢¢ ¥nd subsequcntly mea$ut¢d at ¥rN)rtised using the efte¢¢ii"¢ ini¢resi n*rliod. Pagc Y
Madeley Rurl Communlty Charily Notes lo the Financtal Stsiemeots for the Year Ended 31 March 2023 Borr4wlthgs lthresi-beatiD8 borrotrinus are ithiiially t0(ded at faLr value. of trarsadioTh costs. Inietem-karing borrOing5 arc sub5¢qU¢tiily catTied at amorTi5ed cv5l, Ivlth Iht ditkrtntt ba"ten the proc¢¢d$, net or ttansaction cosi4 and Ihc J[rUnI due on redcrnption Ing as a ¢harg¢ to ih¢ StatheTht of FirWla1 Aciiviiies o¥er the pcriod of Ihc relevan¢ tKsrro11n& Inrerest expejise 15 reco1d on th¢ ba515 of the eff¢ciiv¢ inteT¢Si method and is included in intEr¢sl pJyabl¢ and similar chargts. Borrothings are classified as ¢utt¢ni liabilities uthless the charity has an unconditiDrtal rishi defer senlcmcnt of the liabiliry for ai lea iw¢lv¢ nnthS •tl¢r the Wing da. Unrc$iri¥ied I9[¢ funds srt ¥cwal fuftds that are available for use * Ihe tnsoes discretion in of th¢ objcclii¢s of the chariiy. Designad fund5 arc unr¢stri¢t¢d fiu¥J5 W %5id¢ spe¢if•¢ wposes al the dis¢rtlion of Lh¢ I51e¢% Reslnclcd incomc ful$ are thos¢ dOnad for in ¥ parti¢iil•r area OT for sp¢¢ifi¢ w1[e& ihe use (>f ii,hich is testrLcied to thai area or puw. Ptnsions •JNI other post relireDnt obligations Tlit charity operdte5' a ¢kfiiKd conlnbu1 pension scheme which 15 a pension plan under whTrh fixed cortiribliions art paid into a pcnsion fimd and thc charity has iw legtl or conjaI¥C obligaiioD lo pay fiirther emtribulions ¢%'¢n if the fijnd does th hold [rle &sseL5 10 pay ail employees the benefits rela11• 10 cniploy¢e 5ervic¢ iv the curretTrl 8nd PliQT peti(xls ConiribLfrlions io defined CL¥)iribuiion plans I081$ed in thE S&ietncni ofFinancial knEIViLie5 ivhthi ih¢y ar¢ due. If Contri110 paymthiis extccd thc conlTibJlion due for seEvKe. the exc is ¥tt08nised as a prcpaymcm. FthsDtlal lttsirumenls C1055ifi¢iiii•ir Fiiian¢ial assets and fmancial liabilili¢5 reco8ni5ed ihc chan.iy trcome5 a party to thc contrternlll provj5jOJ15 Of Ihc insinjmcni. FiDan¢iAI liabililits and quil} InsmlS awe classified xcording b) thc 5ubstsrtt of the Contrual arraijgeinciils cni¢rd inio. Att cquity iD51ruJJJ¢Dt bs any COttiTaci ilL•I e¥Èdences a tesidual Iniercsl iii ihc asscts of the ¢h&riiy after ded111)8 all ori15 liabiliiies. P*ge 10
Madeley Rural Comniunity Charity Notes to the Financi¥l Sia¢ement$ for the Year Ended 31 Mreh 2023 All financial B55ei$ and liabilLties are irtiiially al trawciion Pr (including tr&nsaciioD costs). except ror those financial asgeis tla&sifLed as ar fair value Ihtough profjt w loss, itrhich are iniiially measurJ 31 fair vaJy¢ (ivhtch 15 nornially ihe irwisl0Th price ¢xcludin8 ir4n5aclion c95ts). unle55 the atrdnB¢nJciiT tonstitutes financiiJB Iransaaiorb. If an llrrangemeThi cot)sii¢¢s a finarKing lrnrtsacti1. the financial or financial liHbiliiy is measured ai lh¢ pre5Ctil 1.aluc ol the fuluTt payDxnts discoUnj ai a markd raio of IJ)Te51 for similar debi instntillajl. Finarteial assets and liabili(ies Jre onty offsct in th¢ stsremeN of ftDaTh¢Kal Sir10n hett. ar only th the cxisls a le8ally enforecablc io s¢t off the reCogniJ amounis aThJ the chan.ty intcrvJ5 either 10 5¢llle on a ba51$, 01 10 rtalise the assei and stiilc tht Iiabilty slnw1ta>U$Iy. Financi¥l a55¢ts sre dcrcctsgDis¢d iithcn and only ivhcn a) th¢ ¢onlActhal rights to Ihe ¢a$h flthvs frorti lh¢ rinancial a55ei cxpire or are 5eltl¢d. b) the ¢hority' Iransfus to another pany 5vbsranlially all of ihe risks ruvard5 of rshIp of the financial Lssei. or c) the charity. despir¢ hAvin8 reuiThed some. bui noi all. SI8nifn{ iiqks and relt{L5 of owkn¢rship. h¥ transferred ¢ontrol of the asset to anoiher parny. itla1 liabslilies are dercco8niwJ only wlKn th¢ obligation Splfd in th rontract &5 di%haT¥cd. canttlled orrxpires. J lth¢om¢ from doN(ioThs Ind Itg•¢ks Unreslricted funds Ctll*r#l Restrirted runds Total 2023 DoJMiions Icgacits; Donttttons from ¢otnpanie& tnJ#s aDd similar pmcccds Dojthiions r(om individuals 570 57Q 570 4.570 Uortstriti¢d funds GtTh¢rAI Rutri¢ttd runds Total 2022 DonJtiOnS aThl legacies" Donatiotts fmni ¢omp&nies. ITts similar pr(<eeds Doii)lion5 from i11¥IdaIS Grints, iiicluding capiul grards- Goi'emment ¥rants 7,881 280 280 29.823 29.823 33,984 37.984 Pagell
MAdeley Riiral Communlty Charity Not¢s to the nancial Sttements for the Year Ended 31 Mareh 2023 4 lJ¢om¢ from ¢haTltble ¢tivltAes Unrestrirted fuods Total 2013 OCCU#t rertt ard smir¢ th¥g¢5 Kesular room 0k15 MeeiitL8S Income frorn Feed in TaritTs Mu51¢ Fv¢nts (mr 40.21M 22.346 4.309 4.499 231 2.739 40.204 22,346 4,309 4,499 231 2,739 74,32 74.328 Unrestrkled furtds G¢n¢ral Total 2022 Occupant rent ¥erYire ¢haTges RcgulaT room bkings Me¢iittgs Income fToni F¢¢d in Tanffs Music Evcnrs Oilicr inconLC 26.858 31.825 26.858 31.825 L94 4,067 4.067 83 83 64.087 64,087 S Intom¢ frotn oth¢r Irading actiii¢ies Unre5tr1cted (unds Cener41 Tol41 20Z3 Trndifftg iiicome: Sales of go$ SI s¢rYire5 12.903 12.903 12,903 VArestri¢led Tot81 2022 Gentr*l TradiTig ioM¢", Sal¢$ ofgood5 and m'icc other triidin¥ incomc 8,810 3,564 8.810 3,564 12,374 12.374
Madtley Rural Community Charity Noles lo the Statemeots for the Year Ended 31 March 2023 O Eipefjditure •n r¥ising a) Costs of irading •clivlties Unrt5tii£ted [ndS Generl Total 2023 Note Costs of go$ sold 1.331 iJJi 1,331 1.331 b) Other Costs of gcntriinB don•ti•n5 #nd leE¢ks UDrtstrittod fund5 Ceneral Tot¥1 2022 Nott Other dirrytC05 432 432 7 F.xpenditur¢ gn ¢hri¢Able actfvlrfos Unreslrltttd fund5 General Reslrirfcd runds T•¢xl 2023 Siatycosis CleaTMng 13283 2.367 31.642 4.691 20.092 13.283 2.367 31.642 4.691 20.092 4.00 10.730 33,511 2,954 977 66.000 Cojninunicalions Pmpcrty Maitilen4nce 4ntJ Rcpair5 Cirounth Mainicttattcc Oihei COAS D¢pre¢iation ID5uranc¢ Indcpcndcni Examination Prvfeso[ F¢es 10,730 1,212 2.954 977 32299 153.948 36.299 190.247 Pag¢ 13
Madeley Rural CommuDity Charity Notes to the Finncilll Stttment$ for ihe Year Ended 31 Mar¢h 2023 Ufftrestrlettd Rtstrict¢d rund5 Total Z022 Celler•l Siaff Costs Cleaning Utilitie5 ComnwnicaiM)J Pnwtrty Mainttnanct and Repai GrDunds Maini¢naD¢e Oihcr Costs Accouniwicy Cos15 DeprCCi10n Insurance ljidwndent Examit2ation Prtsfessional FLYS Man&Tren1 Fee 40.226 2.StMI 20.542 1.218 15.653 525 40.226 2,5(Kl 20.542 1.218 15,6S3 4.525 4.753 4.753 1.427 3.290 930 32,838 34,265 J.290 930 960 11.ooo I1.) 103.136 J6.838 139,974 Aii¥li'si5 of goYerA4nrt and swpport ¢t)Sts Goi'erwjance costs Unrestricted lunds GtneTAI TotDI 21123 IrwJepcnd¢nl ¢xomiD¢r fees ExamiiTraiion ofihc fin¥ncial Sthmrnts 977 977 977 977 VttTestrictd funds General Tot•1 2022 lThJepethdeo¢ examiner fees Examiiwiion ofihc financial sh¢mlIs 930 930 930 930 Page 14
Madelry Rural Community Charity Notes to the Fin#nclg1 Staternents for the Year Ended 31 March 2023 9 GoverDrntn¢ Er¥nls The Charity rccci%'cd £4.OCiI from Madeley Parish Couotil. In ihc prci.iol ye4r rhe c114hriiy received £24,000 rro¥n N¢iiusile-under-Lyme Borough CouKil rrn Coijd 8rants. £4.( from Madeley Parish Council and £5.823 from HMRC in r¢spcct ofthe Job REt¢ntion S¢lwn¢. The amounl of granis rognISed in the fjoarrtI 5wement5 £4.(INJ (2022- £33.8231. 10 Trn5tets and txp¢os¢s No IrusteC5. nor any PCT50ns with th. ha¢ aDy ttmwKThiion from ihe thaiity duTing the year. No M5tees hav¢ Te¢¢iNed any reimbutsed txpthses or any other t*n¢fits fmm th¢ ¢blty durit18 the year. I I St¥ff¢ostS The aggffgaic payroll $1$ w¢rt a$ follow5". Z023 2012 Slaff eosls duriDg the )'ear were: Wag¢s and salaries 13,283 40.089 56 Oilk¢T siaff Co$ 13.28J 40.226 Dwing ik year. thc rhariry made redutKlaThEy anwor lermin•ii(m paynrtS Iithith totsllcd £Nil12022- £1,731). No eiiiployee r¢ctiYcd £n1mEn[S of Thxe Ih¥D £60.(IXI dwiDg the year. Thc t1 e]Y¥loyte benefits of Ihc kcj. rnana8¢mcni pcr50nncl of the rhuiry were £Nil (2022- £19.7881. P&8e IS
MAdtlty Rurl Community Charity Notes to the Finanelal Statements for tht Year Ended JI March 2023 12 TAxati• Th¢ charity 1$ a registered ¢haTity and is the(orC cxcmpr fTom laxlOn. 13 TaNgible fixed sse Furnilur¢ nd equIpnt buildin Total Coit At l April 2022 AildilioDS 1.530212 119.868 9.617 1.650,080 Ai 31 Morch 2023 1.530212 129.485 1.659.697 D¢pre¢&2lion Ai S April 2022 Charge for the yvar 353.283 29.245 91.423 4.266 444,706 33,511 Ai 31 March 2023 382.528 95.689 478.217 Tr4¢t book i'l¥¢ Ai 31 Mawh 2023 1.147.684 33.796 .181.480 JI March 2022 1.176.929 28.445 1.205.374 11 Dtbttyrs Z1123 2022 Trade debiiprs 13.232 20.8S8 15 Cash gJLd c*5b tq¥lialtnts 2023 2•22 Cash on hat Cash ai bank 550 50,992 5ts 95.750 51.542 95,8(Kl Pa8e 16
Madeley Rural Cornniunity Cbarity Notes ¢0 ¢he Finanelal Statements for tht Year Ended JI MArth 2023 16 Credltors: amounts fallingd¥t One )'er 2023 zozz TAdccredito 39.692 15.846 741 67 Othcr laxatLrJn and s¢xial security her ¢rediiors Pension schEme ¢r¢dilor Ac¢nials Deferred Inrne 1.918 305 930 215 17.917 17 C•rttlngtnt Ilabllirfes The cknrity has giv¢n a kgal am(wniin8 £479.625 in of Tht Big L FUTWJ is 5ured on ihc frechold Property. 18 Funds Balznce ** I April 2022 Ih¢•ffline rtsour¢es Res•Mr¢¢s expended B¥lon¢e at 31 March 2023 Unrestrlctcd fund$ Genr&l Gcrcthal 56.955 87,801 (155.279) (10.5231 J)e%igffui Malteae Cos 35.0 35.(K)O Total uTrrtSirkttd funds 91.955 87,801 155.279 24.477 Res¢ric¢ed funds BuildLiig ¢onslnKtion and d¢i'¢lopinenl Kitchen Sinking Fwid Acouslit Fuiid Conipuicr Fund Htalthy LiiTrn¥ Suilc Madol¢y Parish C(Mntil (31.373) (2221 (48%) (2161 1.159.744 9.269 2.763 9.491 3.251 3.347 4.955 4.955 (4,0001 Tolal re5tricled f¥nds 36.2991 1.179.862 Totij funds 1.304.116 91.801 Il9l.5781 1.204,339 ge17
M2deley Rural Conimmnity Charity Notes ¢0 the Flnancl•l Statements for the Year Ended 31 March 2023 BalaD¢e al I April 2121 In¢omiThg reso¥rtes Resources eiyeDded Bal•nte 4131 hlrcli 2022 Umrejtritted lunds G¢HeMI Gerenzl 50.078 110,445 (103.5681 56.955 D1&171 maInnanCe Costs 35,IKKI Total unrtslricthd funds 85.078 110.445 103,568 91.955 Re51ricted Building con51nKlion and d¢velopmeTht Kiichen Sinkithg Fund AtOUSli¢ Fund Compuier Fund Healthy Living Sl1t Madelcy P¥Jish Couucil 1.222.866 9.752 3.825 3.001 4.955 (31,749) 9.491 3,251 3.347 4.955 (5741 (2) Tot81 restrlcttd funds 1244,999 {36.8381 .212.161 Tot1 funds I.J30M77 114.445 140.406 I.J04.116 The 5cIfiC purposcs for thIch Ihe fund5 io k ald •re •5 follov¥S.' Buildin8 conyruciion and development fiubJ- vaiuaiioo of tk land and tsJildin8 being MTjtren off over 50 yeats. Kiichen Sinking fvrtd-¥rani io impoye th¢ kii¢kn area Acoustic fijnd -grani pwv(k nciv xouwi¢ ¢q1pment compu fvnd-gTrnl to provid¢ neiv tompuier ¢quiprn•)t Healthy Lii'ing Suit¢-granr io improNe Ihe althY Iiiing suite Madele>' Parish CouKikgram rnaimeDartt cosls. Page l¥
MAdeley Rurgl Community Charity Notes to the FiDan¢i#l Stat¢meDt5 for the Y¢ar Ended 31 Marth 202J 19 Aoal)'sis of net ssets bttM"etTr luNds Total funds at 311418ttlL 2023 Uttrtstrittsd funds General De5igDlltod Restrkfed fynd5 Tatt8ible fixed a55ets Curreiil ass¢t5 Ctsmt liabiliti¢5 16.491 14.901 41.915) 1.161.989 14.873 1.181.480 64.774 (41.915 35.OQ) TDtal net assets (10.523 33.fpxl 1.179.862 1.2(M.339 Toll fuAds 8¢ 31 NIArth 2022 Unre5trirted funds Ceneral Designated Restricted Tangibl¢ fixcd a1$ Currtiil asse15 CuErtnt liabililics 8.087 66.785 17.9171 1.197288 14173 1.205.375 16.658 17.917 35.OC(I Total *SS¢LS 56,955 35.QX) 1.304.116 20 Relattd pirtv transattlotts Thcrc ivcr¢ r¢laied party IraihY¢tions iti th¢ yw. P4Jge 19