REGISTERED cO￿1PANy 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. 0￿EcTI1.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 prOrn￿ed 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&$, reputedly. the largesl number of W￿erfallS in England. In support of our charitable objectives. the focus of our work is on a cluster of listed buildings in the centre of the village. Keld Resource Centre Ltd is restoring and mainlaining these buildings in support of public benefit including community dei'elopment and public educalion. We arc a150 a kcy component of ihe 'Keld Project,. first started in the 1971k which through our I￿al Church panners provides a mission of presence for the community and visitors. Our Truslees are greatly inspired by the foreiighi of the buildings founder, a larger than life Victorian e￿ Church Minister the ReN' James Wilkinson. who saw. the mi55ion of the l(tal Church as meding ihe physical and educational needs of residents as well as their spiritual needs. Resioralion is ￿'ell underway bul there is more slill lo do notably the resloralion of the forner village schTh)I building and its surrounds. In total, the cluster of heritage buildings contains a formcr Manse. forrner School. Literary Instilute and grounds. All of these are leased lo Keld Rewurce Centre Lid by ihe United RefO￿¢d Church (URC). We have a close working partncr%hip with Low Row & Keld URC which is generally refeTred to &$ 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 fU￿re, 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 a￿5 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 p￿SenCe 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%1￿NCE Achiei'emeTht5 and Performance Income from Manse bookin￿￿5 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 a￿o￿nt. 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 PL￿Ns 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 constitU￿S 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 ASs￿lation. 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