Company registration number: 06921078 Charity registration number: 1130189 

## Madeley Rural Community Charity 

(A company limited by guarantee) 

Annual Report and Financial Statements 

for the Year Ended 31 March 2025 

Daryl Denson The Dudson Centre Hope Street Hanley Stoke on Trent ST1 5DD 



## **Madeley Rural Community Charity** 

## **Contents** 

|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6 to 7|
|Balance Sheet|8|
|Notes to the Financial Statements|9 to 21|





## **Madeley Rural Community Charity** 

## **Reference and Administrative Details** 

**Trustees** Michael Brereton Roy Dutton Jamie Stephenson Stephen Ellis Cecelia Cahill **Charity Registration Number** 1130189 **Company Registration Number** 06921078 The charity is incorporated in England and Wales. **Registered Office** New Road Madeley Crewe Cheshire CW3 9DN **Independent Examiner** Daryl Denson The Dudson Centre Hope Street Hanley Stoke on Trent ST1 5DD **Bankers** Co-operative Bank PO Box 250 Delf House Southway Skelmersdale WN8 6WT 

Page 1 



## **Madeley Rural Community Charity** 

## **Trustees' Report** 

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 March 2025. 

## **Objectives and activities** 

## _**Objects and aims**_ 

The charity's objectives are to provide the local rural communities with opportunities for learning, health and community enterprise. It intends to achieve this by operating a multi-use community centre. 

In particular our objectives and achievements are: 

To maintain a multi-use community centre 

To secure ongoing, and predictable and sustainable income 

To build and maintain sufficient reserves to provide continuity of service 

To provide local people with high quality leisure and learning activities. 

## _**Public benefit**_ 

We are operating the community centre for the benefit of the inhabitants residing within a 10 mile radius of the centre. 

The centre is being used in particular for meetings, lectures and classes and for other forms of recreation and leisure time occupation, in the interests of social welfare and with the object of improving the conditions of life of the inhabitants intended to benefit. 

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. 

Page 2 



## **Madeley Rural Community Charity** 

## **Trustees' Report** 

## **Achievements and performance** 

As reported in last year’s accounts, the Trustees took over the operational management of the Centre from 1st April 2023, including all café & bar operations, with its major objective to make greater use of the Centre’s excellent community facilities and achieve a level of financial stability which has not been possible in the past. 

The Trustees continue to have active roles in the day-to-day operations of the Centre and have recruited professional and experienced staff to assist in managing all functions within the facility. 

Footfall through the Centre has continued to grow steadily throughout the year, particularly in the café area plus a significant increase in the number of events held. 

The 2024/25 year continued to be a learning process for the Trustees and one of its challenges was to ensure that appropriate staffing levels were maintained to provide quality customer service to our clients. 

We have also continued to increase our marketing and social media activities to generate more interest in what the Centre can provide and to promote all activities. 

We are extremely grateful to our staff and volunteers for helping to take the Centre forward and we would also like to thank the local Parish Council for supporting many large events at our site. 

The Trustees have had to deal with the impact of the increase to minimum wages, the price of food and significant increase in energy costs, all of which were outside our control. Despite these extra costs, the Trustees made a conscious decision to keep prices in the café at competitive levels to support the local community. 

With the Centre being open 7 days a week, with longer opening hours, plus the impact of taking over the café and bar operations, the income for the Centre has increased significantly, all of which we believe will provide more opportunities for the Centre to be utilised by a larger proportion of the local community. 

The Trustees recognise that operations for the 2025/26 year will continue to be a challenge, but are confident of improving the performance of the Centre during that period. 

We also recognise the continuing support of the local community in helping us to progress the development of the Centre during the financial year and for the future. 

In summary, the Trustees believe that with the infrastructure now in place, it will ensure the ongoing sustainability of the Centre. 

## **Trustees and officers** 

The trustees and officers serving during the year and since the year end were as follows: 

Trustees: 

Michael Brereton Roy Dutton Jamie Stephenson Stephen Ellis Cecelia Cahill 

Page 3 



Madeley Rural Community Charity
Trustees, Report
Structure, gol'crll￿n¢e and niall￿gement
Na114Ye ofguveriiiiig doLiinieiil
The cl)ai'ity is a coinpany liiiiited by guarantee iviih the liability of men)bers liniited to £ l O each. The coiiipany
is govenied by tl)e lenn ol ils Meiiioran(lum aild Articles ol. Associalioi) incorporliled 2 JLlI)e 2009 as aniei)(led
on 13 OLlober 2018.aiid is registered as a charity iviih the Charity Commission.
Reeriiiliiieiil uiid oppoiiiliiieiil of iriistees
Trustccs arc appoiiitcd iii Iiccordancc with the Articles ol Association of Ihc compai)y. Onc third ol the board
nieiiibers, being Iliose ivl)o are long)esl serviii&', shall retire froiii oflice l eacl) annual general n)eeling Ji)d are
elig?ible for reappoinlinent.
As a niallcr of policy Il)c Tru8lces iiiusl rcsidc iii tli¢ arcd of beiicfil.
liidiitlioii rtiid rfvlliiiiiig of triislees
Ei'eiy 'l'niitec iipun eleclioii or ¢lppoinlnienl Shi(11 receii'e a IV¢leonie Pack ivhich ii'ill ineliide copy of Ilie
coiiipai)y's M¢iii()riiiidLllii aiid Ai'liLles of Assc)cialioii', Trii8tee Ii)cliiclioi) aiid C.'vnipLbleiicy Fi'aii)eiY(Irk,' Ti'iist¢e
C.i)(le of Coiiducl ur if Allili¢llc Member Ilic Al-lilialc C.i)dc of c'.oiicluLI. As part of ai) IllLIuLlioii Ilic Trustcc
IN'III bc 418kcd lo ¢on)pleie Iq skills (liidil, PLLIII)iciry iiilcrc%l fi)riii ¢iiid LuiIfliLI ul. ii)Icrcsl for]n. Iii Dr(Icr lo bc
L'ligJiblL lo vole al aiiy IiiilLilii)g, L¥'Lry Triisl¥¥ IiiLISI 8igi) a dLclaralioii vl. ￿,11111)￿￿1]es8 lo aLI as a Lliarily tiiislLL ol.
Inai)ciAI rei'ieiv
Sce PclgLS 6-21
Pulicjy i)ii r£'.serves
Oiir Iiiidiiiiii Ilrii) im 1.% l() l)Iiild r¢%erve.% l() 11)CLt kil ILLi%l C) Ini)Iiili% ifv'c)rili uf uiirL4lriLlid ¢xpeiicliliirL.
Oiir frii U41%1) r¥scriw¥s ii'ci'L .4141nclinLp rflt £C)11,320 (2024'.£É)É),X()4) 41t tliL I?IllclliCC NIILLt £1¢11¥. Tlii% libyiirc inLILI(ILs
n <imiiiint 01. £35.oon i() LOI'Lr ussLI)licil luiig Icrin 11i11inlLllcincc costs of the biiil(ling.
Siiiall coini):Inie5 1)rovi5ion slJteiiiL¥nt
Tlii% I'ei)(Ii't lia.% b¢eii i)i-Li)ared iii ccord&iiice iN'iili Ilie 8niall coiiipai)ies reg¥inie under tlie Cort)P£1nies Acl 2006.
TIIC 1l1)Illliil rcporl 111)i)r(Il'LcI by IhL Iru%lics ufil)C Ll)Jrily 011
12
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Page 4

## **Madeley Rural Community Charity** 

## **Independent Examiner's Report to the trustees of Madeley Rural Community Charity ('the Company')** 

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. 

## **Responsibilities and basis of report** 

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). 

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent examiner’s statement** 

Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACMA, which is one of the listed bodies. 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

1. accounting records were not kept in respect of Madeley Rural Community Charity as required by section 386 of the 2006 Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

...................................... » Daryl Denson ACMA 

The Dudson Centre Hope Street Hanley Stoke on Trent ST1 5DD 

12/12/2025 Date:............................. 

Page 5 



## **Madeley Rural Community Charity** 

## **Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)** 

|**Note**<br>**Income and Endowments from:**<br>Donations and legacies<br>3<br>Charitable activities<br>4<br>Other trading activities<br>5<br>Total income<br>**Expenditure on:**<br>Raising funds<br>7<br>Charitable activities<br>8<br>Total expenditure<br>Net expenditure<br>Net movement in funds<br>**Reconciliation of funds**<br>Total funds brought forward<br>Total funds carried forward<br>20|**Unrestricted**<br>**funds**<br>**£**<br>4,902<br>86,276<br>223,467<br>314,645<br>(89,390)<br>(264,740)<br>(354,130)<br>(39,485)<br>(39,485)<br>99,805<br>60,320|**Restricted**<br>**funds**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>(29,245)<br>(29,245)<br>(29,245)<br>(29,245)<br>1,138,557<br>1,109,312|**Total**<br>**2025**<br>**£**<br>4,902<br>86,276<br>223,467|
|---|---|---|---|
||||314,645|
||||(89,390)<br>(293,985)|
||||(383,375)|
||||(68,730)|
||||(68,730)<br>1,238,362|
||||1,169,632|



The notes on pages 9 to 21 form an integral part of these financial statements. Page 6 



## **Madeley Rural Community Charity** 

## **Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)** 

|**Note**<br>**Income and Endowments from:**<br>Donations and legacies<br>3<br>Charitable activities<br>4<br>Other trading activities<br>5<br>Other income<br>6<br>Total income<br>**Expenditure on:**<br>Raising funds<br>7<br>Charitable activities<br>8<br>Total expenditure<br>Net income/(expenditure)<br>Net movement in funds<br>**Reconciliation of funds**<br>Total funds brought forward<br>Total funds carried forward<br>20|**Unrestricted**<br>**funds**<br>**£**<br>5,376<br>183,303<br>212,903<br>13,279<br>414,861<br>(79,769)<br>(259,765)<br>(339,534)<br>75,327<br>75,327<br>24,477<br>99,804|**Restricted**<br>**funds**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>(41,305)<br>(41,305)<br>(41,305)<br>(41,305)<br>1,179,862<br>1,138,557|**Total**<br>**2024**<br>**£**<br>5,376<br>183,303<br>212,903<br>13,279|
|---|---|---|---|
||||414,861|
||||(79,769)<br>(301,070)|
||||(380,839)|
||||34,022|
||||34,022<br>1,204,339|
||||1,238,361|



All of the charity's activities derive from continuing operations during the above two periods. 

The notes on pages 9 to 21 form an integral part of these financial statements. Page 7 



Madeley Rural Coniniiinity Charity
(Registration numbcr: 06921078)
Balance Sheet as at 31 March 2025
2025
2024
Not¢
Flyed assets
Taiigjible assets
14
1,127.136
1,157.037
Curren¢ assets
Sii)Iks
D¢biors
Ca%1) at bank and iii hand
15
16
17
2,111
16,012
47,987
2,348
9,558
97,171
66.110
l 0(),077
Creditors: Aniounts falliii¥ due ii'itliin ojie )'ear
Net current nssets
23,CTr14)
(27,753)
42,496
81,324
Net assets
1,16().()32
,23X,-I() I
Funds of the ehmrit).:
Re%trl¢te(I Incoiii¢ fiinds
20
1,109,312
1,138,S$7
Ui)i-I'%trlctL'd iiicnnii. funils
Uiircslriclcd liiiids
6U,320
)<),X04
otdl fund%
20
1.16(),(132
,238,3C)I
For Ilie fii)Ic Iilili l ye(1r ei?dinu 31 M2( rcli 21125 11)C vlicll'ily Ii'ils eiiliiled lo exeiiiptioi) froiii audil iiiidcr sectioii 477
Directors, respoiisibililies..
ThL l)iiiiibLr.% liavL i)Iil rLqiiircd Ihc Llidrily l() (Trbiaiii ali audit (If 11.4 accoiii)l.% fi)r Ilic yedr iii qiiL%lii)11 iii
accoi'dc211Le i¥'iil) Sccliui) 476) ciiid
-rhe clii'ecl(Irs deknoivledgFe Ilieii. rcspoiisibililies for conii)lyiiig iviili IhL reqiiireii)eiil% of Ilie Act iviili respect
l(Tr accuiiiitiiigJ records and Il)e i)rcpiif¢l1ioii of a¢coiii)Is.
IL IinclllCl¢il %t<ilci))cnls i?n P¢igL.$ 6 1(1 21 11'crL cll)pioi'Ld l?y IhL' tni%lccs, 41nd aiiiliori%ed for i5siie on
Ind sigi)Ld i)n IhLir bLh<ill' by..
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I'lie nolc5 on Piiges 9 to 21 forIii ali intcgFral P41rt of Il)c.sc finlL ncial sl<ltLnienls.
Pdgje ¥

## **Madeley Rural Community Charity** 

## **Notes to the Financial Statements for the Year Ended 31 March 2025** 

## **1 Charity status** 

The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation. 

The address of its registered office is: New Road Madeley Crewe Cheshire CW3 9DN 

## **2 Accounting policies** 

## **Summary of significant accounting policies and key accounting estimates** 

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. 

## **Statement of compliance** 

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. 

## **Basis of preparation** 

Madeley Rural Community Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. 

## **Going concern** 

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. 

## **Income and endowments** 

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. 

## _**Donations and legacies**_ 

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. 

Page 9 



## **Madeley Rural Community Charity** 

## **Notes to the Financial Statements for the Year Ended 31 March 2025** 

## _**Grants receivable**_ 

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. 

## _**Charitable activities**_ 

Income from charitable activities represents the provision of activities in furtherance of the charity's objects. 

## **Expenditure** 

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs. 

## _**Raising funds**_ 

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. 

## _**Charitable activities**_ 

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. 

## **Governance costs** 

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. 

## **Government grants** 

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income. 

## **Taxation** 

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 

## **Tangible fixed assets** 

Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 

Page 10 



## **Madeley Rural Community Charity** 

## **Notes to the Financial Statements for the Year Ended 31 March 2025** 

## **Depreciation and amortisation** 

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: 

**Asset class Depreciation method and rate** Freehold buildings 2% straight line Furniture, equipment and other assets 15% reducing balance 

## **Stock** 

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO). 

## **Trade debtors** 

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. 

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. 

## **Cash and cash equivalents** 

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. 

## **Trade creditors** 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. 

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. 

## **Borrowings** 

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. 

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. 

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. 

Page 11 



## **Madeley Rural Community Charity** 

## **Notes to the Financial Statements for the Year Ended 31 March 2025** 

## **Fund structure** 

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. 

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees. 

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. 

## **Pensions and other post retirement obligations** 

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. 

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. 

## **Financial instruments** 

## _**Classification**_ 

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. 

## _**Recognition and measurement**_ 

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. 

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. 

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. 

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. 

Page 12 



## **Madeley Rural Community Charity** 

## **Notes to the Financial Statements for the Year Ended 31 March 2025** 

## **3 Income from donations and legacies** 

|Donations and legacies;<br>Donations from individuals<br>Grants, including capital grants;<br>Government grants<br>Donations and legacies;<br>Donations from individuals<br>Grants, including capital grants;<br>Government grants|**Unrestricted**<br>**funds**<br>**General**<br>**£**<br>502<br>4,400<br>4,902<br>**Unrestricted**<br>**funds**<br>**General**<br>**£**<br>948<br>4,428<br>5,376|**Total**<br>**2025**<br>**£**<br>502<br>4,400|
|---|---|---|
|||4,902|
|||**Total**<br>**2024**<br>**£**<br>948<br>4,428|
|||5,376|



Page 13 



## **Madeley Rural Community Charity** 

## **Notes to the Financial Statements for the Year Ended 31 March 2025** 

## **4 Income from charitable activities** 

|Occupant rent and service charges<br>Regular room bookings<br>Meetings<br>Other income<br>Other Events<br>Occupant rent and service charges<br>Regular room bookings<br>Meetings<br>Income from Feed in Tariffs<br>Music Events<br>Other income|**Unrestricted**<br>**funds**<br>**General**<br>**£**<br>44,728<br>25,500<br>1,797<br>4,197<br>10,054<br>86,276<br>**Unrestricted**<br>**funds**<br>**General**<br>**£**<br>18,217<br>12,010<br>260<br>149,635<br>1,798<br>1,383<br>183,303|**Total**<br>**2025**<br>**£**<br>44,728<br>25,500<br>1,797<br>4,197<br>10,054|
|---|---|---|
|||86,276|
|||**Total**<br>**2024**<br>**£**<br>18,217<br>12,010<br>260<br>149,635<br>1,798<br>1,383|
|||183,303|



## **5 Income from other trading activities** 

|Trading income;<br>Sales of goods and services<br>Trading income;<br>Sales of goods and services|**Unrestricted**<br>**funds**<br>**General**<br>**£**<br>223,467<br>223,467<br>**Unrestricted**<br>**funds**<br>**General**<br>**£**<br>212,903<br>212,903|**Total**<br>**2025**<br>**£**<br>223,467|
|---|---|---|
|||223,467|
|||**Total**<br>**2024**<br>**£**<br>212,903|
|||212,903|



Page 14 



## **Madeley Rural Community Charity** 

## **Notes to the Financial Statements for the Year Ended 31 March 2025** 

## **6 Other income** 

VAT Registration back claim 

|**Total**||**Total**|
|---|---|---|
|**2025**||**2024**|
|**£**||**£**|
||-|13,279|



## **7 Expenditure on raising funds** 

## **a) Costs of trading activities** 

|**Note**<br>Costs of goods sold<br>**Note**<br>Costs of goods sold<br>**8**<br>**Expenditure on charitable activities**<br>**Unrestricted**<br>**funds**<br>**General**<br>**£**<br>Staff Costs<br>192,488<br>Cleaning<br>1,997<br>Utilities<br>30,732<br>Communications & IT<br>2,056<br>Property Maintenance and Repairs<br>10,460<br>Grounds Maintenance<br>4,988<br>Other Costs<br>1,446<br>Depreciation<br>6,696<br>Insurance<br>4,622<br>Professional Fees<br>300<br>Bank/EPOS Fees<br>2,014<br>Sundry Kitchen & Office Equipment<br>605<br>General Expenses<br>1,880<br>Printing, Stationary & Postage<br>845<br>Page 15|**Unrestricted**<br>**funds**<br>**General**<br>**£**<br>89,390<br>89,390<br>**Unrestricted**<br>**funds**<br>**General**<br>**£**<br>79,769<br>79,769<br>**Restricted**<br>**funds**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>29,245<br>-<br>-<br>-<br>-<br>-<br>-|**Total**<br>**2025**<br>**£**<br>89,390|
|---|---|---|
|||89,390|
|||**Total**<br>**2024**<br>**£**<br>79,769|
|||79,769|
|||**Total**<br>**2025**<br>**£**<br>192,488<br>1,997<br>30,732<br>2,056<br>10,460<br>4,988<br>1,446<br>35,941<br>4,622<br>300<br>2,014<br>605<br>1,880<br>845|





## **Madeley Rural Community Charity** 

## **Notes to the Financial Statements for the Year Ended 31 March 2025** 

|Subscriptions<br>Telephone & Internet<br>Card Machine Fees<br>Staff Costs<br>Cleaning<br>Utilities<br>Communications & IT<br>Property Maintenance and Repairs<br>Grounds Maintenance<br>Other Costs<br>Accountancy Costs<br>Depreciation<br>Insurance<br>Bank/EPOS Fees|**Unrestricted**<br>**funds**<br>**General**<br>**£**<br>296<br>732<br>1,713<br>263,870<br>**Unrestricted**<br>**funds**<br>**General**<br>**£**<br>191,677<br>4,789<br>34,246<br>4,332<br>8,538<br>5,314<br>7,032<br>1,475<br>(5,249)<br>4,527<br>2,059<br>258,740|**Restricted**<br>**funds**<br>**£**<br>-<br>-<br>-<br>29,245<br>**Restricted**<br>**funds**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>41,305<br>-<br>-<br>41,305|**Total**<br>**2025**<br>**£**<br>296<br>732<br>1,713|
|---|---|---|---|
||||293,115|
||||**Total**<br>**2024**<br>**£**<br>191,677<br>4,789<br>34,246<br>4,332<br>8,538<br>5,314<br>7,032<br>1,475<br>36,056<br>4,527<br>2,059|
||||300,045|



## **9 Analysis of governance and support costs** 

## **Governance costs** 

|Independent examiner fees<br>Examination of the financial statements|**Unrestricted**<br>**funds**<br>**General**<br>**£**<br>870<br>870|**Total**<br>**2025**<br>**£**<br>870|
|---|---|---|
|||870|



Page 16 



## **Madeley Rural Community Charity** 

## **Notes to the Financial Statements for the Year Ended 31 March 2025** 

|Independent examiner fees<br>Examination of the financial statements|**Unrestricted**<br>**funds**<br>**General**<br>**£**<br>1,025<br>1,025|**Total**<br>**2024**<br>**£**<br>1,025|
|---|---|---|
|||1,025|



## **10 Government grants** 

The Charity received £4,400 (2024: £4,428) from Madeley Parish Council, towards ground maintenance work. The amount of grants recognised in the financial statements was £4,400 (2024 - £4,428). 

## **11 Trustees remuneration and expenses** 

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. 

No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 

## **12 Staff costs** 

The aggregate payroll costs were as follows: 

|**Staff costs during the year were:**<br>Wages and salaries<br>Pension costs|**2025**<br>**£**<br>186,760<br>5,728<br>192,488|**2024**<br>**£**<br>185,231<br>4,988|
|---|---|---|
|||190,219|



No employee received emoluments of more than £60,000 during the year. 

Page 17 



## **Madeley Rural Community Charity** 

## **Notes to the Financial Statements for the Year Ended 31 March 2025** 

## **13 Taxation** 

The charity is a registered charity and is therefore exempt from taxation. 

## **14 Tangible fixed assets** 

|**14 Tangible fixed assets**||||||
|---|---|---|---|---|---|
|**Cost**<br>At 1 April 2024<br>At 31 March 2025<br>**Depreciation**<br>At 1 April 2024<br>Charge for the year<br>At 31 March 2025<br>**Net book value**<br>At 31 March 2025<br>At 31 March 2024<br>**15 Stock**<br>Stocks<br>**16 Debtors**<br>Trade debtors<br>**17 Cash and cash equivalents**<br>Cash on hand<br>Cash at bank|**Land and**<br>**buildings**<br>**£**<br>1,530,212||**Furniture and**<br>**equipment**<br>**£**<br>147,138<br>147,138<br>102,500<br>6,696<br>109,196<br>37,942<br>44,638<br>**2025**<br>**£**<br>2,111<br>**2025**<br>**£**<br>16,012<br>**2025**<br>**£**<br>406<br>47,581<br>47,987||**Total**<br>**£**<br>1,677,350<br>1,677,350<br>514,273<br>35,941<br>550,214<br>1,127,136<br>1,163,077<br>**2024**<br>**£**<br>2,348|
||1,530,212||147,138|||
||411,773<br>29,245||102,500<br>6,696|||
||441,018||109,196|||
||1,089,194||37,942|||
||1,118,439||44,638|||
||||**2025**<br>**£**<br>2,111<br>**2025**<br>**£**<br>16,012<br>**2025**<br>**£**<br>406<br>47,581<br>47,987|||
||||||**2024**<br>**£**<br>9,558|
||||||**2024**<br>**£**<br>454<br>96,717|
||||||97,171|



Page 18 



## **Madeley Rural Community Charity** 

## **Notes to the Financial Statements for the Year Ended 31 March 2025** 

## **18 Creditors: amounts falling due within one year** 

|Trade creditors<br>VAT<br>Accruals|**2025**<br>**£**<br>7,692<br>11,325<br>4,597<br>23,614|**2024**<br>**£**<br>12,401<br>8,834<br>6,518|
|---|---|---|
|||27,753|



## **19 Contingent liabilities** 

The charity has given a legal charge amounting to £479,625 in favour of The Big Lottery Fund which is secured on the freehold property. 

## **20 Funds** 

|**20 Funds**|||||
|---|---|---|---|---|
|**Unrestricted funds**<br>**_General_**<br>General<br>**_Designated_**<br>Maintenance Costs<br>**Total unrestricted funds**<br>**Restricted funds**<br>Building construction and<br>development<br>Kitchen Sinking Fund<br>Acoustic Fund<br>Computer Fund<br>Healthy Living Suite<br>**Total restricted funds**<br>**Total funds**|**Balance at 1**<br>**April 2024**<br>**£**<br>64,804<br>35,000<br>99,804<br>1,118,439<br>9,269<br>2,763<br>3,131<br>4,955<br>1,138,557<br>1,238,361|**Incoming**<br>**resources**<br>**£**<br>314,645<br>-<br>314,645<br>-<br>-<br>-<br>-<br>-<br>-<br>314,645|**Resources**<br>**expended**<br>**£**<br>(354,129)<br>-<br>(354,129)<br>(29,245)<br>-<br>-<br>-<br>-<br>(29,245)<br>(383,374)|**Balance at 31**<br>**March 2025**<br>**£**<br>25,320<br>35,000|
|||||60,320|
|||||1,089,194<br>9,269<br>2,763<br>3,131<br>4,955|
|||||1,109,312|
|||||1,169,632|



Page 19 



## **Madeley Rural Community Charity** 

## **Notes to the Financial Statements for the Year Ended 31 March 2025** 

|**Unrestricted funds**<br>**_General_**<br>General<br>**_Designated_**<br>Maintenance Costs<br>**Total unrestricted funds**<br>**Restricted**<br>Building construction and<br>development<br>Kitchen Sinking Fund<br>Acoustic Fund<br>Computer Fund<br>Healthy Living Suite<br>**Total restricted funds**<br>**Total funds**|**Balance at 1**<br>**April 2023**<br>**£**<br>(10,523)<br>35,000<br>24,477<br>1,159,744<br>9,269<br>2,763<br>3,131<br>4,955<br>1,179,862<br>1,204,339|**Incoming**<br>**resources**<br>**£**<br>414,861<br>-<br>414,861<br>-<br>-<br>-<br>-<br>-<br>-<br>414,861|**Resources**<br>**expended**<br>**£**<br>(339,534)<br>-<br>(339,534)<br>(41,305)<br>-<br>-<br>-<br>-<br>(41,305)<br>(380,839)|**Balance at 31**<br>**March 2024**<br>**£**<br>64,804<br>35,000|
|---|---|---|---|---|
|||||99,804|
|||||1,118,439<br>9,269<br>2,763<br>3,131<br>4,955|
|||||1,138,557|
|||||1,238,361|



The specific purposes for which the funds are to be applied are as follows: 

Building construction and development fund- valuation of the land and building being written off over 50 years. 

Kitchen Sinking fund-grant to impove the kitchen area 

Acoustic fund -grant to provde new acoutstic equipment 

Computer fund-grant to provide new computer equipment 

Healthy Living Suite-grant to improve the healthy living suite 

Madeley Parish Council-grant towards maintenance costs. 

Page 20 



## **Madeley Rural Community Charity** 

## **Notes to the Financial Statements for the Year Ended 31 March 2025** 

## **21 Analysis of net assets between funds** 

|Tangible fixed assets<br>Current assets<br>Current liabilities<br>Total net assets<br>Tangible fixed assets<br>Current assets<br>Current liabilities<br>Total net assets|**Unrestricted funds**<br>**General**<br>**£**<br>**Designated**<br>**£**<br>33,353<br>-<br>31,110<br>35,000<br>(23,614)<br>-<br>40,849<br>35,000<br>**Unrestricted funds**<br>**General**<br>**£**<br>**Designated**<br>**£**<br>33,353<br>-<br>59,204<br>35,000<br>(27,753)<br>-<br>64,804<br>35,000|**Restricted**<br>**funds**<br>**£**<br>1,093,783<br>-<br>-<br>1,093,783<br>**Restricted**<br>**funds**<br>**£**<br>1,123,684<br>14,873<br>-<br>1,138,557|**Total funds at**<br>**31 March**<br>**2025**<br>**£**<br>1,127,136<br>66,110<br>(23,614)|
|---|---|---|---|
||||1,169,632|
||||**Total funds at**<br>**31 March**<br>**2024**<br>**£**<br>1,157,037<br>109,077<br>(27,753)|
||||1,238,361|



## **22 Related party transactions** 

There were no related party transactions in the year. 

Page 21