REGISTERED cO1PANy NUIIBER: 06821450 (England And M'ales) REGISTERED CHARrrY IYLTMBER: 1135650 Report of the Trustees and Unaudited Fin4n¢i81 StAtements for the Year Ellded 31 May 2024 for Keld Resource Centre Limited (A Conipanv Liniited b!. Guarantee) Clive Owen LLP Chartered Accountants 140 Coniscliffe Road DARI.INGTON Co Durham DL3 7RT
Keld Resource Centrt IAmited Contents of the Fin%ncial StatemeDts for the Year Ended 31 Ils). 2024 Page Report of the Trustees Independent Ekwniner's Report Statement of Financiydl Acti)Ities Balance Sheet otes to the Financial St*tement$ 9 to 16 Detailed Statement of Financial Actiiities 17 to 18
IKeld Resource Centre Limited Report of the Trnstees for the l-egr Ended 31 IIAI 2024 The trnslees ,hO are also directors of the charily for the purposes of ihe Compani&s Ad 2(Kkn. prescnl their report wilh the financial statements of the charily for the year ended 31 May 2024. The tru¢¢$ haN'e adopted the provisions of Accounting and Rcporfing by Chan"iies'. Statement of Recommended PrdCtic¢ applicable lo charities preparing their accounts in accordance with Ihe Financial Reporting S13ndard applicable in the UK and Republic of Ireland (FRS 102) (effeclii'c l January 2019}. The Board of Management presents its reFK)rt and 7Kcounts for the year endcd 31 May 2024. 0EcTI1.Es Acfii'iTIES Objective5 and aims l. To preserve historic buildings demonstrating the rural hentage of Swaiedale for the public tr*nefit. 2. To further or benefit the residents of the Tural community of Keld without dislinction of sex, sexual orienthtion. race or of political, religious or oiher opinions by a&s(Kiating togdh¢r the said r¢5idcnls and the local authorities, voluntary and other organisations in a common effort to advancc education and io provide facilities in the interesLs of social welfare for re¢r(lon leisure time occupation with the objecli%'e of improi'ing the Conditions of life for ihe iesidenls. In furthcrance of these objecLs but nol otherH'ise. the truslees shall haN'e pow'er to establish or secure ihe establishment of a ommunity ccntrc and to rnainiain or rnanagc or ciH)pcratc w'ith any statutory authoriiy in the maintenance and management of such a centre for activiiies prOrned by the charity in furtherance of the aknve objects. 3. To advance the education of the public in the appreciation. conservatioii. proieciion and improvement of the physical and nalurdl environment of Swaledale and the history of the Yorkshire Dales in general and Swajedale in particular. About Keld Keld 1.% a Small community in the very nonh of the Yorkshire Dales National Park close to the border wilh County Durham and Cumbria. The N'illage retaiTLS ils tradillon character and its buildings are typical of the Da]es vernacular. It sils within ihe parish of Muker in ihe upper Da]e. '1[hin a trul). outstanding landsc41e. It is noi prosperous as the predominate indu.slry, hill farming. generaiei only m(NJesi incomes. The N"Isitor economy is of growing importance, but tourism services are less developed than elsew'here in the Yorkshire Dales. Keld is perhaps besi known as the poini where the Pennine Way Naiional Trail and the CoaA lo Coast path meet. It also h&$, reputedly. the largesl number of WerfallS in England. In support of our charitable objectives. the focus of our work is on a cluster of listed buildings in the centre of the village. Keld Resource Centre Ltd is restoring and mainlaining these buildings in support of public benefit including community dei'elopment and public educalion. We arc a150 a kcy component of ihe 'Keld Project,. first started in the 1971k which through our Ial Church panners provides a mission of presence for the community and visitors. Our Truslees are greatly inspired by the foreiighi of the buildings founder, a larger than life Victorian e Church Minister the ReN' James Wilkinson. who saw. the mi55ion of the l(tal Church as meding ihe physical and educational needs of residents as well as their spiritual needs. Resioralion is 'ell underway bul there is more slill lo do notably the resloralion of the forner village schTh)I building and its surrounds. In total, the cluster of heritage buildings contains a formcr Manse. forrner School. Literary Instilute and grounds. All of these are leased lo Keld Rewurce Centre Lid by ihe United RefO¢d Church (URC). We have a close working partncr%hip with Low Row & Keld URC which is generally refeTred to &$ Keld 'Chapel' and also with the URC Northern Syn(yJ with whom we are a mission partner. Page I
Keld Resource Centre Limited Report of the Trnstees for ihe I"e*r Ended 31 Ilai. 2024 ORIECTII'ES AND AcfiviTIES Public benefit The building5 that we operate and expeci io resiore in the fUre, along with progrdmmes of activities that the buildings are used for, provide services lo visiiors and I(al residenis. Our rcstoration work also helps preserve rur heritage for future generdlions. Keld is popular wilh i'isilots ,hO enjoy Ihe Pennine Way Naiional Trail and Co&st-to£oasL walk. Visitors can find out aErt)ut the hislory of Keld at Ihe Countryside and Heriiage Cenire. which is run on an entirely voluntary basis. Restoring the building5 maintains lh¢ valuable heri13ge a5 of the area which is in turn a major rea9)n why people come lo Keld. Our services also contribute to public health. education and wellbeing by supporting access to some of the Iinest countryside in England. Delivered in partnership with the ILKal Church's the 'Keld Project,. provides a mission of pSenCe for the community and visiiors. The Trustees have reviewed the Charity Commiksion's guidance on the requirement to rqkn on public benefit. They are satisfied that the work of the Charity, as described in the Charity objeclive& cordS wilh its slaled object& and provides tangible public benefil lo a 'ide section of those u,ho reside withi'n the Charity's areas of benefit; the criteria used io a&sess those who may benefit is not unrr&wnably restrictive. ACHIEI'ENIENT PERFOlL%1NCE Achiei'emeTht5 and Performance Income from Manse bookin5 coniinues to be a significant income slream for Ihe company. In cornmon with other l(Kal holiday Ids IKK)kings in 2022123 were vcry g(K)d and were consistent wilh a national Uplum in UK based holidays, following the lifting of Covid restrictions. In ?023124 nationally UK based holidays have returned lo pre Covid levels and the Manse k1'ng5 have followed a sirnilar pattern. Maintenance of Ihe Manse &$ a holiday let h&s been a priority over 20?3..1?4. The Old Sch(x)l Living Heritage Centre is now an established facility in Ihe dale and h&s become an importanl facility for boih tourisfs and l(Kal residents, the attraction of the centre has had a positive imp[ on the level of donations receivcd. As a chartty the Keld Resource Centre enjoys a close and valued partnership with all the local churches in Upper Swaledale and hosts the very successful Minister in Residence progrdmme. The events programm¢ run from the Centre continues io attrart participation from a bro&1 cross scction of individuals. The progrdmme on offer continues to be de%'eloped. offering a rdnge of indwr and outdLK)r activities. The commilmenl and input of volunteers and friends of Keld is much appreCi¢d by the Trustees in the deN'elopment and delivery of the programme. The financial perfonnance in the yfdr is sd out in the income and expaKliture aont. FINANCIAL REI'IEW Resen'es polic). s at JI May 2024 the charitable company's resen, wcre £320.511 {2023= £3?1.3(K)) of which £271,704 {2023- £275,869) H'ere unrestricied and £48.807 (?0?3= £45.431 I were reJiricied. The trustecs periodically review the Icvcl of reserves. The review lakes into accouni income and expenditure streams. The trustees, objective is for the charitsble company to have reserves that equal at least three months expenditur¢. Pag¢ 2
Keld Resource Centre Limited Report of the Trustee5 for the l'ear Ended 31 Ilai" 2024 FLTURE PLNs The Truste identificd the upkeep and development of Ihe Manse f&ilities as a priority for 2023124 and this will onlinue in 20?4,'25. The Friends of Keld Resource Centre group w'&$ esthblished in 20?1.'23 with 3 remit io play a significant role in fund raitsing for the Centre and also in dei'eloping both the ei'ents progrdmmc and the facilities ai the Centre. The Friends group has made a glxxl s¢3rt in terms of membcTship and suppon for events and actil'ities and has had some small successes in respcet of fund raising. li is recognised that such a group requires time to both attract membership and to develop ils position as a fund raising i'ehicl¢. il is envisaged thai the group will continue lo develop and contribute to the centrc in both regards during the currenl year. In 2024125 the Faith Group has been fomerly recognis¢d as a sub group of the Board. The Faiih Group are resw)nsible for the delivery of outputs &%Srtiated with ihe successful funding bid made to ihe Northem Syn(Kl. The funding bid has 4 strand5.' - The Minister in Residence progrdmme Study Days - Work with refugees and disadvanlaged groups Dei'elopment of a pilgrimage trail All strand.s .111 be funded by the Northern Synod grdnl for 3 years. there is in addition ihe p)tenlial lo secure for funding for a lunher 2 years al Ihe end of ihe three agreed. The IN.sle&s will rnonitor Ihe delivery of Ihe Programme through regular reports from the Faith Group lo the Board. STRUCTURE, GOI'ERNANCE MD %IXNAGEIIL%T Goi'erning documenl The charily is controlled by its governing document, a deed of trust. and constitUS a limiloa company. limiteAI by gurntee. as defined by the Companics Act 2(Th. The charity w&4 incorpordted as a company limited by guaranlee on 17 February 2(KY) and as a charity on 26 April 2010 and is governed by its Mcmorandum and Articles of ASslation. The directors of Keld Resource Cenlre Limiled are also Irusttts fo the charity. Responsibilities of the Board of Illan4gemenl Company law. iequiics ihat Ihe Board of Nlanagemenl prepares financia] slatemenLs for rach financial year which give a INe and fair view of the state of the affairs of the charilable company &s at the balance Sh dale and of ils incoming resources and applicalion of resources including income and expendiiure. The Board of Managemeni is also rL%p)nsible for maintaining proper accounting records which disclose with reasonable accuracy al any lime the financial wisilion of the charilable company and to enable them to ensure that the finan¢ial Statements comply with th¢ Companics Acts. Recruitment and appointmenl of the Board of Il*nagement The Director5 of ihe Lompany are a150 charil). Iru51eL"s for tl)e purpow. of charity law and under the company's article5 are known as members of Ihe Board of Management. They gil'e their time voluntarily and receive no benefits from the charity. Any expenses reclaimed are sel out in the accounts. At the first annual generdl rnccting all Directors musi retire from o(Tice bul are eligible for re<lwtion. thereafter at each subsequenl annual gener41 meeting one-lhird of Dircetor5 must retire from olCe but are eligible for re<lection. Page 3
Keld Resource Centre Limited Report of the Trustees for the l'ear Ended 31 Ilai. 2024 STRUCTLIRE, GOVERNANCE AND IIIANAGENI IE Organisational structure The Board of Managemenl meets approximately every three months to discuss ail aspects of the Keld Resource Cenlre. The Board of Management is responsible for all aspects of the njnning of Keld Res(yurce Centre Ltd. The meetings of the Board cover finance. fundrai51ng. business planning. ot¢rntion of the Manse. Insiilute and Countryside and Heritage Centre. In the summer, meetings are held in Keld and in the w'inter in Richmond. There is an Operations sUb0mMittee and lime lirniied working groups that reFK)rt to the Board of Management. Keld Resource Centre Lid uses the services of self-employed l(xal M'orkers to provide clerical and domestic services for Ihe Manse and Institute. One of our Trustees. Helen Guy also undertakes work for Keld Resource Centre outside of her dulles as iru51ee, ftts are payable by agreemenl wilh ihe Board of Management are declared in accordance with scction E of the Charity Commission guidance on Tee Expenses and Paymenis which is designed lo ensure that trustees can demonstrate th they continue lo act in the be inlerests of the charity where there are those who are potentially conflicted wilh their private intcrcsls. Person Thith Significant Control There atc currently no persons with 5ignifi¢ant control of the Company require registration at Companies House. REFERENCE ADIlINISTRATII DETAIiS Registered Compan!. number 068?1450 (England and Il'ales) Registered Charit). number 1135650 Registered office I l Roedean Drive Eaglescliffe SI(ktOn-0Tr-TeeS TS169Frr Trustees Re.. D R W(xx£ (Chair) D J Leigh (Trrdsurer) E L Purver (resigned I l July 2023) S E Pellatt HEGUY D J Figures M R Thomwn C Giles (resigned 22 January 2024) I Wharton Rei.. l H Ring (appointed 18 September 2023 and resigned 28 Augull 2024) H J Marshall (apEK)intcd 22 January 20?4) P Poulter (appointed 22 January 2024) Companv Secretar) I Wharton Independent Ex&miner Chn510pher Beaumont BA (Hons) BFP FCA tKhA Clive Owen LLP Chartered Accountants 140 Coniscliffe Road DARLtNGTON Co Durham DL3 7RT Page 4
Keld Resource Centre Limited Report of the Tru5ttes for the l'ear Ended 31 %IAI" 2024 20.1. Approved by orderof the trf)ard of trusttts on............................................. and signed on its behalf by: Iwha 22.1. Page 5
Independent Examiner's Report to the Trustees of Keld Resource Centre Limited Independent examiner's report to the trustees of Keld Resource Centre Limited ('the Comp#nv') I report lo Ihe charily Iruslees on my examinalion of the accounts of the Company for the year ended 31 May 2024. Responsibilities and bAsis of report As. Ihe chariiy'5 trus(ee5 of the Company (and also ils directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance wilh the requirements of the Companies Act ?006 ('Ihe 2006 Act,). Having satisfied myself that the accounts of the Company are not required lo be audited under Part 16 of the 2(M)6 Act and are eligible for independent examination, I report in respecl of my examination of your charity's account.s as ¢arri oul under Section 145 of thc CharitiC5 Act 2011 ('Ihe 2011 Act,). In carrying out my examination I have followed Ihe Directions given by the Charity commi.10n under Section 145(5) (bl of the 2011 Act. Independent ex*miner'5 Stalement I have COTnpletcd Jny examination. I confirn) that no matlers have come to my allenlion in connection with Ihe examination giving me cause to believe- accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act. or the accounts do not accord with those records- or the accounts do not comply wilh the accountingy requiremenis 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 the accounts have not been preparcd in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charilies {appli¢able lo charities pr¢paring their accounts in accordance with the Financial R¢porting Standard applicablc in ihc UK and Republic of Iieland (FRS 102)). I hav¢ no concern5 and have come across no other matters in connection with the examination to which allenlion should be drdwn in this report in order to enable a proper nd¢tandIng of the account.s to be reached. Christopher Beaumont BA (Hon.5) BFP FCA DChA Clifv'e Owen LLP Chartered Accountants 140 Coni5cliffe Road DARLINGTON Co Durham DL3 7RT J{ ..J.................... ....JgJ Page 6
Keld Resource Centre Limited StAtement of Financial Actiiities (IncorporAting an Income and Expenditure Account) for the Year F.nded 31 llai. 2024 2024 Total fund.s 2023 Total funds Unreslncted funds Reslricted funds Notes INCOME AIYD E)TDOII'MENTS FROM Donation% and legacie 17,339 4,659 21.998 32.478 ChAritAble actiiities Chaiitablc acii*'ilie5 18,330 18.330 23,032 Chh¢r trading activities Investment income Other income 6,794 1,758 6,794 1,758 55 2.276 610 55 Total 44,221 4,714 48,935 58,396 EXPENDITURE ON Raising funds 1,048 1,048 55 ChAritAble aCtitieS Charitable aciiviiie5 46,679 1,997 48,676 46,597 Tot 47,727 1.997 49,724 46,652 ET INCOI¥IF.I{EXPF.NDITURE) Transfers between funds (3,506) (659) 2,717 659 (789) 11.744 18 Net movement in funds (4.165) 3,376 (789) 11,744 RECONCII.IATION OF FUNDS Tolal fLind% brought lonvard 275,869 45,431 321,300 309,556 TOTAL FLTNDS CARRIED FORWARD 271,704 48,807 320,511 321,300 The note.s form part of these financial statements Pag¢ 7
Keld Rt50ur¢e Centre Limited BalAnce Sheet 31 L%IA)' 2024 2024 Tolal funds 2023 Total funds Unrestricted funds R¢.%lricted funds FIXED ASSETS Tangible assels 14 189.367 48.807 238.174 245.403 CURRENT ASSETS Debior5 Cash in hand 15 2,172 86,722 2,172 86,722 1,203 79,453 88,894 88.894 80,656 CREDITORS Amount% falling due wiihin one year 16 (6,557) (6.557) (4.759) NET CURREiYf ASSETS 82.337 82,337 75,897 TOT..IL ASSETS LESS CURRENT LIABILITIES 271,704 48.807 320.511 321,3¢XI NET ASSETS 271.704 48,807 320.511 321,300 18 Unrestricted funds Reslricted funds 271,704 48.807 275.869 45,431 TOTAL FLINDS 320,511 321.3 The charitable company is enliiled lo exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May ?024. The members have not required the company lo obtain an audil of ils financial ateMentS for the year endal 31 May 2024 in accordance with Section 476 of thc Companics Act 2006. The tru.%lects acknowledge Iheir re%ponsibililies for (a) ensuring that the charitable company keeps ac¢ounling records that comply with Se¢iions 386 and 387 of the Companies Act 2(K)6 and preparing financial slalements which give a true and fair view of the slate of affairs of the charitable company as at the end of each financial year and of ils surplus or deficit for each financial year in accordance with the requirements of Sections .194 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial %tatemen15, 50 far applicable lo the charitable company. (b) These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small comp8ni¢s regim¢. The financial slalements were approved by the Board of Trustecs and authorised for isSU¢ and were signed on its beha5f by- on Iwha on - Truslce 21.1. Z5 The notes fom) part of these financial statements Page 8
Keld Resource Centre Limited Notes to the Financial Statements for the l'ear Ended 31 1191. 2024 STATUTOR Y INFoRlATIoN Keld Resource Centre Limited is a charitable company. limited by guardntee, registered in England and Wale5. The charitable company's registered number and rcgi5tered office address can be found in the Referenc¢ and Administration Del3ils on p3gc5 3 and 4. ACCOUNTING POLICIES Basis of preparing the financial slatemellt5 The financial %lal¢m¢nl.% of the chilable company. which is a public benefil entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 10?) 'Accounting and Reporting by Ch3rities'. Statement of Recommended PrJclic¢ applicablc lo charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the IJK and Republic of Ireland, and the Companies Act 2006. Thc financial staiemenls have been prepared und¢r the hi%lorical cost convention. Financial reporting standard 102 - reduced disclosure exemption5 Thc charitable company has (aken adi'anlage of Ihe follom'ing disclosure exemption in preparing ihese financial statements, &$ perniitted by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Seclion 7 Statement of Ca%h Flows. Critical accounting judg¢nientS And ke}. sources of estimation uneert#inty' E%liinate4 and judLJLment% arc coniiniially Lvaluaicd ancl are ba%ed on historical experience and oiher factors, including expectations of future events that are believed to be reawnable under th¢ circumstances Critical gccounting estimate5 and assumptions: The charit), make% cs(itnates and a55UTnptions concerning the future. The resulting accounting eslima¢¢s and assumption.s will, by definition, seldom equal the related aclual results. Due to the non-complcx nature of the charities operations and balance sheet. in the opinion of the tn]%tcc% there are no key judgements or estimalion uncertainiic5 that nced LO be considered when preparing ihe financial 51alemenls. Income All income is rccognised in the St3temcnt of Finaiicial Activitie% oncc thc charity has entiilemenl lo the fvnds, it is probable that the income will be received and Ilie amount can be measured reliably. Expenditure Liabilities are recognised expenditur¢ as soon as there 1% a legal or con51nJclive obligation commitling the charity io ihal expendilure, it 15 probable that a transfer of economic benefits will be requird in settlemeni and Ihe amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and ha been cl&ssified under heading5 that aggregate all cost related to the caiegory. Where costs cannol be directly allribuled io panicular headings they have been all(Kaled to activities on a basis consistent with the use of resources. Tangible fLied as5etS Depreciation is provided al the following annual ratcs in order to write off each assel over its eslimated useful life. Freehold property Fixtures and fittings 20/0 on Cost 2/0 on Cost Tangible fixed assets are measured at cost les% accumulated dcpreciaiion and impaimienl. TAxation The charity is exempt from corporation tax on it5 charitable activities. Pagc 9 conlinued...
Keld Resource Ctntre Limited otes to the Financial Statements - continued for ihe l-ear Ended 31 Ila). 2024 ACCOUYTING POLICIES - conlinued Fund aecounting UrtriCted funds can be used in accordance with the chariiable objectives at the discretion of the Irusrees. Restricted funds can only be used for particular restricted PUTwJses wiihtn the objects of the charity. Restriclions arise when specified by the donor or when funds are raised for particular reslricted purFK)ses. Further explanwion of Ihe nature and purpose of each fund 15 included in the n<xes to the financial 81CmentS. DOATIONs thD LEGACIES 2024 2023 Donatio$ Grdnis 17,339 4,659 15,764 16,714 21.998 32,478 Income from donations and legacies was £21.998 {2023 £32.478) of which £4,659 (2023 £Nill was aiiributable to restncted and £17,339 (2023 - £32.478) was attributsble lo unreslricled funds. Granls received, included in Ihe above. are as follows: 2024 2023 Grdnis from h¢1 chariiies and InlIU(lOn$ Grants from local auihorilies lo.) 6,714 4.659 4.659 16.714 OTHER TRADIN'G ACTII'ITIES 2024 2023 Fundrdising income 6.794 2,276 Income from other trading aclivilies was unrestricted during b(rth the current and previous year. INI'ESTIIENT IYI COlE 2024 2023 Interesl receivable 1.758 610 Income from InveMent income was unrestricied during both Ihe current and previou5 year. Page 10 continued...
keld Resource CeDtre Limited Note5 to the Financial Statements - eontillued for lhe l-ear Ended 31 2024 IIYCO%IE FRONI CHARITABLE ACTIIITIES 2024 2023 Activily Charitable activitics Charitable activities Holiday letting income Visitor centre income 18,265 65 23,023 18,330 23,032 RAISING FUNDS Other trAding actii'ities 2024 2023 Event expenses 1,048 55 Expenditure on raising funds w&$ £1,(8 {2023: £55) of which £1.048 (2023.. £55) was allributable lo unrestncled fimds and £Nil (?023.. £Nil) w'as attributable to restrided fim(Ls. CHARITABLE AcfiviTIES COSTS Support costs (see note 9) Direct Costs Totals Charitable activilies 39.719 8,957 48,676 Expertditure on charilable aclivities relatd to unrestricted funds and restricted funds for the currenl and ihe previous year. SUPPORT COSTS Governance costs FiDan¢e Other Tota]s Charitable activities 72 3.885 8,957 io. NET INCOJIFJ(EXPEISDITL RE Net incom&(expendiiure) is sthied after charginW{crediting): 2024 2023 Depreciation - owned assets Surplu5 on disw)5al of fixed assds Independent examination fees Accountancy and legal fees 6,902 (55) 2,960 925 6,742 2,730 394 Pagell continu¢d...
Keld Resource Centre Limited Notes to the Financial Ststement5 - continued for tbe l-e*r Ended 31 llai. 2024 ii. TRUSTEES, RE.%ILThERATION BEIIEFITS There were no trustees. remuneralion or other benefits for the year ended 31 May 2024 nor for the year ended 31 May 2023. Truslee5' expenses There We no trustees, exp¢nw paid for the yrar ended 31 May 2024 nor for the year ended 31 May 2023. 12. STAFF COSTS There were no staff costs for year ended 31 May 2024 nor for ihe year ended 31 May 2023. No ernploytts re1ved emoluments in excess of £60,IMY). The average number of employees during the year w&s nil (2023: nil). 13. CO.IIPARATII'ES FOR THE STATEIIENT OF FINXNCIAL Acfii'iTIFS Unre5(ricted funds Rericted funds Total funds INCOLIIE E)'DOII'NIESTS FRO,11 Donations and legacie 32.478 32,478 Charitable actiiities Charitable aciii Ilie 23,032 23,032 Other trading ¥ll.111¢S Inv¢stmeni income 2276 610 2,276 610 Total 58.396 58,396 EXPENDITURE ON Raising funds 55 55 ChAritable activities Charitable aclii'ilie 45,642 955 46.597 Total 45.697 955 46.652 ,YET 1collE/(ExPENDITURE} 12.699 {955 } 11.744 RECONCILIATION OF FUINDS Total funds brought fon¥ard 263,170 46,386 309,556 TOTAL FLryDS CARIUED FORII'ARD 275.869 45.431 321,3(K) Pag¢ 12 continued...
Keld Resource Centre Limited .YDte5 to tbe Financiydl Statements- continued for ihe l e*r Ended 31 llai. 2024 14. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Totals COST At l June 2023 Additions Disw5als 270.765 25,214 992 295.979 992 (1,374) (1,374) Ai 31 May 2024 269.391 26,206 295,597 DEPRECIATION Ai l June 20?3 Charge for year Eliminated on disFM)sal 29.723 5,416 {551 20,85.3 1.486 50,576 6,902 (55) At 31 May 2024 35,084 22,339 57,423 NET BOOK I'ALLiE At 31 May 2024 234.307 3,867 238.174 At 31 May 2023 241,042 4.361 245.403 Is. DEVtOlLS: A.NIOUNTS FALLING DLE II'ITIIIN ONE I'EAR 2024 2023 Prepayments and accrned income 2,172 1.203 16. CREDITORS: A.NIOUNTS FALLI.NG DI'E II'ITHI.% O.%E I'EAR 2024 2023 Trade creditOT5 Accruals and deferred income 3,442 3.115 866 3,893 6.557 4,759 17. LEASIS'G AGREE,NIE%TS Minimum lease paymenls under non-cancellable operating leases fall due &s follows: 2024 2023 Within one yrar Between one and five years 13,0(K) 39,(KKI 13.(MX) 52,(MX) 52.(KK) 65.IXKi Page 13 continued...
Keld Resouret Centre iimiied 'ote5 to the Financial Sta¢ements- continued for the l'ear Ended 31 NIA). 2024 18. MoNTME[ IN FLNDS Net moiwemenl in funds Transfer5 between funds At 31.5.24 At 1.6.23 LTnre5tricted funds Uniestricied Fund% Fixed 2Lsset Fund I72.1 103.868 (890) (2,616) (659) 170.452 101,252 275.869 (3.506) (659) 271,7(H Restricted funds School Project Fund 45,431 2,717 659 48,807 TOTAL FUNDS 321.3(Kl (789) 320,511 Net movement in funds, included in the alKJve are as follows: Incorning resourcas Rcsourccs expended Movement in funds Unrestricted funds Unresiricted Funds Fixed knet Fund 44.221 (890) (2.616) (2.616) 44.221 (47.727) {3.5(kn) Restrieted funds Sch(K)I Projeci Fund 4,714 (1.997) 2,717 TOTAL FLThDS 48.935 (49.7?4) (789) Comparatives for movement in funds Net movement in funds At 31.5.23 At 1.6.22 Unrestricted fund5 UnrencIed Funds Fixed Asset Fund 156.686 l(KS,484 15.315 (2,616) 172,(K)I 103.868 263,170 12.699 275.869 Restricted funds Sch(Th)I Project Fund 46,386 (955) 45.431 TOTAL FLNDS 3(Y).556 11,744 321,3(Kl Page 14 continued...
Keld Resouree Centre Limited otes to the Fingncial Statements- rontinued for the l-ear Ended 31 llai. 2024 18. MON'ENIENT IN FUIYDS- eontinued Comparative net movement in fund& included in the atK)ve are &$ follows: Incoming resources Resourccs expended MoN'ement in fund5 Unrestricted funds Unreslricled Funds Fixed As's¢[ l.und 58,396 (43.081) (2.616) 15,315 (2.616) 5R,396 {45,fi97) 12,699 Restricted fynd5 School ProJ¢¥i F und (955) (955) TOTAL FL'NDS 58.396 (46.652) 11.744 A CunI year 12 months and prior year 12 monihs combined position 1% as follows: Net movement in funds Transfer% between funds Ai 31.5.24 Ai 1.6.22 Unrestricted funds IlnrLslriclcd E.-und Fixed Fund 156.686 1(kn,484 14,425 (5.232) {659) 170,452 101.252 263.170 9.193 (659) 271,704 Restrirted funds School Project Fund 46.386 1.762 659 48,807 TOTAL FLNDS 31J9.556 10,955 3?0,511 A current year 12 months and prior year 12 month.s combined nel movemenl in funds, included in the above are as follows.. Incoming resources Resour¢es expended MoN'ement in funds Unrestricted fund5 UnrL%trict¢d l.'unds Fixed Fund 102.617 (88.192) (5,232) 14.425 (5.232) 102.617 (93,424) 9.193 Restricted funds School Projcct Fund 4.714 (2,952) ,762 TOTAL FLryDS 107,331 (96,376) 10.955 The Unrestrict1 Funds represent unreslricid rcsources available for the gener work of the charitablc ompany. The Fixed A5SCt Fund represenls th¢ fund5 received lo develop and furnish the buildings. Page 15 continucd...
Ktld Rtsourte Ctntre limited Notes to the FinAnciAI Statements- Continued for the l'ear Ended 31 IIA). 2024 18. MOVEMENT FUNDS- continued Restriettd Funds The Sch1 Projed Fund represeni the funds received lo redevelop the school building. 19. RELATED PARTY DISCLOSLRES Helen Guy undertk work for Kcld Reg)urce Centre during the year and reclaimed fees of £3.471 (2023: £3,787) for provision of clerical and domestic services. Pagc 16
Keld Resource Centre Limited Detailed Stgtement of Financial .4ctiiryties for the l'ear Ended 31 Ilai. 2024 2024 2023 INCOME ENDOWMENTS Donations And legacies Donations 17,339 4.659 15,764 16,714 21,998 32.478 Other tr*ding activities Fundraising income 6.794 2,276 Investment income Inierc%l receii'able 1.758 610 Charitable actiT¥ities Holiday lelling income Visitor centre income 18,265 65 23,023 18.330 23,032 Other income Gain on salc of tangible fixed a&%ets 55 Total incoming resources 48,935 58,396 EXPENDITURE Other trAding actiiitie5 Event expenses 1.048 55 Charitable aCtitieS Rates and water Light and heal Telephonc Repairs and renewals Cleaning and laundry Other direct costs Depreciation of tangible fixed assets 13,992 6.531 835 5.257 4,079 2,123 6.902 13,973 5.861 738 4.197 6,104 1.740 6,742 39.719 39,355 Support costs Finance Bank charges 72 83 Other Insurance Telephone Carried fonvard 1,7.36 835 2,571 1,126 1,126 This page docs not form part of the statutory financial statements Page 17
Keld Resource Centre Limited Detailed Statement of Financial Actiiities for the l'ear Ended 31 %la)- 2024 2024 2023 Other Brougihi forward Postage and stationery Sundries Subscriptions Administralion services 2,571 830 202 45 1.352 1,126 1,094 101 329 1,385 4,035 Governance eosts Accountancy Lega] fee5 3.872 13 3,124 3,885 3,124 Total resources eXided 49,724 46,652 Iyet {expenditure)fincome (789) 11.744 This page does not forni part of the statutory financial statements Page 18