ROTHER VALLEY TOGETHER (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 COMPANY REGISTRATION NUMBER: 07818979 CHARITY REGISTRATION NUMBER: 1147272
ROTHER VALLEY TOGETHER INDEX TO THE REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 Page Report of the Trustees Independent Examinerfs Report io Statement of Financial Activities Balance Sheet 12-17 Notes to the Financial Statements
ROTHER VALLEY TOGETHER REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 MARCH 2024 The Trustees PTesentS their annual report and financial statements for the period ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in Note I to the accounts and comply with the Company's Memorandum and Articles of Association, the special PTovisions of Part 15 of the Companies Act 2006 relating to small companies, the Charities (Accounts and Reports) Regulations 2008, the Charities Act 201 l and Accounting and Reporting by Charities- Statement of Recommended Practice applicable lo charities Preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued on 16 July 2014 (FRS 102). REFERENCE AND ADMINISTRATIVE INFORMATION Charity name: Rother Valley Together Charity registration number: I 147272 Company registration number: 07818979 Registered Office and operational address: The Grange Centre, Bepton Road, Midhurst, West Sussex. GU29 9HD Directors and Trustees: Mrs M Guest Rev C Boxley Ms P Watts Mr R Maguire Independent Examiner: Mr A Mardle FCA STRUCTURE, GOVERNAIYCE AND MANAGEMENr Governing DocumenÉ Rother Valley Together was incorporated on 21 October 2011 as a company limited by guarantee and without a share capital. The Company was established under a Memorandum of Association, which established its objects and powers. and is governed by its Articles of Association. The Company was registered as a charity on 16 May 2012. In the event of the Company being wound up each member may be required to contribute an amount not exceeding £1 for the payment of the debts and liabilities of the complY contracted before he or she ceased to be a tnember.
ROTHER VALLEY TOGETHER REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 MARCH 2024 (CONTINUED) Truslees and OrganatiOnal Slruclure The Directors of the Company are also charity trustees for the pulyoses of charity law. The names of Possible new Trustees, when needed, are brought forward by existing Trustees, who PTovide good reason and evidence for theiT Suitability. Candidafrs may then be invited to attend a meeting as a guest before fomial election. AII Trustees give of their time freely and no remuneration or expenses were paid to them during the year. No Trustee, or person connected with a Trustee, received any benefit from the Company. Risk Management The TTUStee5 have identified and conducted a review of the major risks to which the Company is exposed, and systems and procedures have been established to manage and mitigate those risks. It is recognised that these systems and procedures can only provide reasonable but not absolute assurance that major risks are being adequately managed. The Trustees consider that any continuing rise in the Cost-of-Living, which would impact on the rising cost of lunches, transport. and hire of premises. and the on-going impact of Covid on adequate staffing of the services, constitute the major risks. OBJECTIVES AND ACTIVITIES The Trustees are mindful of, and have given careful considerdtion to, the Charity Commission's general guidance on public benefit. The aims and objectives of the Company are: to work within the Rother Valley and surrounding area to work with partners to create integrated and community led and designed services to engage and consult with, and represent, the community (both individuals and groups) to ensure relevant and creative solutions to identified needs to support and empower individuals lo participate in their lo¢ community to mutual benefit and to access services REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR The Company began providing community clubs for older people in the Rother Valleylmidhurst area in November 2011. These clubs are based at the Grange Community and Leisure Centre, Midhurst. The lunch and activities clubs have continued to meet the ChaLIty's objects and the needs of club members throughout 2023124.
ROTHER VALLEY TOGETHER REPORT OF THE TRUSTEES FOR THE PEIUOD ENDED 31 MARCH 2024 (CONTINUED) Club Aclivities.. During 2023124 the clubs have been fully operational except for two weeks in August when they closed owing to stsff illness due to a local re-occurrence of covid. For the rest of the year the clubs offered their usual wide range of activities, with refreshmenls, and two-course cooked lunche5 on 3 days per week. Activities, as proposed by members and staff, included.. Chair Yoga, gentle strolls round the neighbouring South Pond Walk, a"Reading Aloud" and discussion group, arts, and ¢rafts, talks and demonstrations by outside speakers, musical bingo, dorninos, quizzes. memory games, singing for fun, and a variety of card and board games. Occasional outings to the seaside. garden centres, local open days for private gardens and various outdoor exhibitions were also on offer during the summer months. Special Evenls.. The clubs held their customary Harvest celebratory meal and their Christmas celebratory lunch with family, friends. and community partners. There was a special Christmas Cabaret, and the local South Downs Ukelele Band provided the musical background to the last lunch before Christmas closing. A local Children's NuTsery also visited the club during the Christmas period to sin8 Christmas songs and to chat with our members. bringing the generations together. In May 2023 the clubs celebrated the King's Coronation with an indoor street party. A local celebratory, Hugh Bonneville, gave a lively talk on his acting career and responded to lots of questions from fascinated members. Local Primary Schools provided colourful bunting, flags, and decorations while local businesses provided generous raffle prizes. In the summer the clubs hosted a special Vinta8¢ CabareL with guests invited from a local Retirement Home, as part of MADhurst, (Midhurst Arts arLd Drama Festival)). Canine Partners, a local organisation training assislance dogs also visited in the summer with a'do8 companion" to the delight of members. Members were invited and attended the local Academy School's dress rehearsal for Mary Poppins. Transport: The club's minibus, which is a key part of our service, being based in a njral area with few transport links, continues to be available to members to access the club when required. Our minibus offers 10 seats plus space for one wheelchair. Members regularly use our transport either owing to their limited mobility or to the lack of public or alternative community transport. Following the Covid epidemic there has been an increasing number of new members joining later in life. with an average age of 84 years, and with more debilitating health conditions and mobility challenges. This has put additional Pressure on our transport capacity. To meet this challenge, we are working closely with other local comn]unity transport providers to improve our individual services to better serve our growing older and frequently isolated population. Volunt¢ers also assist with transport to the clubs using their own cars when required, and a few members are brought to the club by their partners in private vehicles. Volunteer drivers from partner community organisations e.g., Yellow Community Bus and Tandem assist occasionally when our own paid driver is unavailable. Our minibus is also available to assist members to participate where possible in community events e.g. the Midhurst Arts and Drama (MADhurst) summer events.
ROTHER VALLEY TOGETHER REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 MARCH 2024 (CONTINUED) Involvemenk in local ComnIty.. As described above we invite other community clubs. members and volunteers to our Special Events when accommodation allows and encourage and assist our members to participate in other community activities on offer too. We were able to participate in the local community's Christmas Fair held in early December at the Grange Community Centre where staff, volunteers. mernbers, and friends raised £600, with raffle prizes donated by local businesses, trustees. and members themselves. Local businesses and community groups sold raffle tickets and gave generously of their time in supporting the club on the day. A team of staff and volunteers from the clubs participated in a Rotary Community Quiz Night which raised funds for a variety of local charities. Local Parish Councils have continued to recognize the added social value of the services that RVT provides to their communities by maintaining their annual donations, amounting to approximately £3.5k. Thc Friend5 of Riverbank Campus (fonnerly Friends of the Midhurst Community Hospital) provided a generous grant of £15k. Tecognizing the contribution OUT clubs make to the healih and wellbeing of local older people. The Sussex Community Foundation Trust provided a grant of £1 Ok acknowledging the support we give to oldeT Vlilnerable people living with loneliness and in soci isolation in our rural community. All these donations assisted with RVT'S day-to-day operational costs. Many more local community voluntary groups have supported our clubs in a variety of ways with their time and sharing of resources, expertise, skills and donations. Together they have ensured our sustainability. (Yellow Bus, Tandem, local faith groups, local Rotary and Inner Wheel, MADhurst, Lions, local businesses, MtND, and Sage House, Dementia Support). Local individuals and families of metnbers have been generous too in making financial donations in recognition of the value to them of our services. We are very appreciative of all their support and that of our local community generally and in their acknowledgement of the value of the services and support we provide to our community. Staff and Volunleers There conlinues to be 4 part-time staff.. a manager, a senior support worker, who deputises for the manager in their absence, an activities coordinator, and a driver. They continue to work extremely hard maintaining a friendly, caring, lively and inclusive service and support for members. This is despite the additional pressures placed on them due to the deterÈorating health and subsequent increased needs of our members since covid, and the ongoing impact of covid infection on their own health and that of their families. Their enthusiasm and evident enjoyment of their roles, and their commitment to support members to get the most from the club, whatever the external circumstances, has been rewarded by the tnt and respect of the members towards them. Trustees recognise and value how much the service benefits from our stable, committed, and skilled staff group, who often give their time for free to ensure that members can take 11 advantage of the club's available services. We also have a committed and experienced group of volunteers (20 including 4 tnistees) who cover a variety of roles such as bus buddies, activity assistants and general support within the clubs to enable members to participate fully. Their continued loyalty and support are also highly valued. Unfortunately, some volunteers have stepped down over the year due to failing health or increasing family caring responsibilities. We, like most voluntary organisations. ¢oThtinue to be challenged by the need to constantly recruit new volunteers to keep the service safe and effe¢tive. We pla¢e regular features in the local press, parish MaglneS and other local media outlets including social media but with limited success. Local contacts and "word of mouth" continue to be more successful.
ROTHER VALLEY TOGETHER REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 MARCH 2024 (COIYTINUED) Membership Numbers have still not fully recovered since covid. There were 44 members at the beginning of April 2022, 39 members in April 2023 and only an increase of I to 40 in March 2024. {There were 52 members in March 2020. 54 in 2019). From March 2023 to April 2024, we have gained 14 new merns but lost 13 existing members. There is a constant churn to membership numbers due to failing health, admissions to Care Homes and sadly death. This year again we lost most members due to their deteriorating health and independence with personal care and mobility which required l.. I personal care at home. Anecdotally this is thought to have been due to some delay in members either seeking or securing medical help for deteriorating health conditions. However, we continue to Teceive a steady number of enquiries for SUPPOrt through referrals from existing members and their families, recommendations and our improved social media profile, including the website. We are confLdent that our numbers will again increase over the coming year as we put more resource into raising yet Fer our community profile and have identified further dedicated resource to do so. Our members have continued to regularly express their own appreciation for the support we have offered over this year, enabling them to keep in touch with friends and make new ones, have a supportive and friendly ear to listen to their concerns and help alleviate anxieties, and to advise on where further assistance can be obtained to support their health and wellbeing. At the same time members continue to enjoy a range of fun and interesting activities and a nutrilious cooked lunch. Members and familie5 continuing appreciation and commitment to the club is evident from the letters of thanks we regularly receive, personal reeommendations and endorsements. Their enthusiastic support of, and participation in, our fundraising activities, including personal fmancial donations and legacies is also proof of their appreciation and wish for others to continue to benefit from our services in the future. This has all increased since members and their families became aware that our core funding from Wesi Sussex County Council (WSCC) ceased in June 2021 and that we are now totally dependent on local individual and community charitable donations and fundraising. And for their additional support we are extremely grateful. Members. needs wntinue to increase year on year not only because existing members are becoming less independent and frailer over time, but also because new members are joining us at an older age and with deteriorating and more advanced chronic health conditions. Most live alone and their average age is 83 years (2022123 average age was 82 years). Members have a range of disabilities and chronic illnesses. Most have mobility issues. some a hearing loss or visual impairment. some mental health andlor cognitive issues including severe memory loss or dementia (580/0), and others a learning disability. several struggle with multiple disabilities. These factors will continue to put an increasing dernand on the resources of staff and volunteers in both their time and skills. However, we are confident that working with partners such as MIND, Dementia Support. and Age UK and developing our own staff s skills we will be able to respond effectively to these changing demands.
ROTHER VALLEY TOGETHER KEPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 MARCH 2024 {CONTINUED} Our intention to launch a new club, New Horizons. in NovernbeT 2022 remains on hold owing to the continuing uncertainties around future funding and the changing needs of older people in our local comtnunity. There are older people living in small villages isolated by the lack of appropriate transport and access to services with whom we have yet to make contact. We are aware of the changing balance in the demographics of our local area as the numbers of those 85yrs+ continues to rise. We have seen the increase in those 75 years plus moving into recent developments of retirement flats in the area. These new Tesidents are looking to meet new people and to get involved in gentle but interesting actLVLties in a friendly welcoming place. There 15 also an increasing need, and a requirement from potential funders, to focus on promoting and providing for the mental and physical health and independence at home of our local older population. We are therefore working with partners in MtND, Age UK, Dementia Support, local Parish Councils and Churches, local Retirement Housing providers and residents themselves to develop appropriate new services and focus. These developments will also belter ensure the 5UStainability of our other elubs, increasing membership numbers and offering opportunities for recruiting more volunteers too. Unfortunalely, we were unsuccessfiEI in our bid for Lottery Funding for this year but intend to resubmit an amended bid following advice in Autlllnn 2024. Partners We continue to build on our work with a range of partners developing integrated, cornrnunity-led and designed services for the benefit of our comJnunity, including shared facilities with the local Dementia Hub and Active Minds. County, District, and Parish Councils support us with grants, Health and Well-being services and advice, and payroll and pension administrative services. the Community and Leisure Centre which accomtnodates our clubs offers inclusive sports and leisure activities and access to library and IT facilities for our club members. We are also working with an increasing number of local voluntary organisations, such as local Parish Care Groups, Church Friendship groups, Carers. Support Groups, Tandem, Sage House, Dementia Care, MIND Mental Health services and our local Community Transport schemes, to ensure our members can easily access appropriate assistance. and that we can together offer more integrated services and continue to be responsive to local needs. Consultalion and Representalion Through membership of local voluntary networks, and fonnal links with all levels of local govemment bodies. we ensure that our members. needs and those of our local cornrnunity are heard. These fornial Iknks and involvetnent in networks of support have been maintained throughout the year, often through attendance and participation by trustees at regular meetings Wlth Council officers and leaders of community and voluntary groups. Members and volunteers continue to be kept infomed of plans and events through regular newsletteTS. View5 have been sought from members and volunteers on future club activities, membership fees and charges through short questionnaires and face-to-face discussions and consultations. Parlicipalion in local Convnunty See above "Involvement in local community."
ROTHER VALLEY TOGETHER REPORT OF THE TRUSTELS FOR THE PERIOD ENDED 31 MARCH 2024 (CONTINUED) FJNANCIAL REVIEW AND RESULTS FOR THE YEAR Financialperforpnance RVT had a healthy bank balance at the end of the year of £40k which reflects a 12-month reserve. During the year there has been an operating deficit of £25,017 due to a number of factors which are now being addressed. RVT ceased to receive its core fvnding end of June 2021 when its core funder. West Sussex County Council, radically changed ils Commissioning approach to the Voluntary and Community Sector to require them to provide District Council- wide provision of services. As a small local community organisation, RVT did not have th¢ capacity to bid for such extensive service provision. In addition. the service model, carefully developed and improved over l O years, did not fit with that of a larger pofrntial partner organisation which was the eventual successful bidder. D¢spite this set-back, we have demonstrated that we can sustain our services for the benefit of our local community. Our members, their families and fri¢nds and the local community continue to recognise the essential contribution to the overall local community effort to support older vulnerable people. As evidence of this is approximately £28k donated by the local community towards OUT running costs this year. The total amount raised this year. however. was less than in the previous year mainly as a result of the loss of two local regular donors. This reduction resulted in the us¢ of some of our Reserves to ensure the club could respond to the increases in running costs due to inflationary pressiwes on our fixed costs of staffing, catering, room hire, and transport PTovision. The Board of Trustees recognised the potential risk of furtheT inflationary costs and has put in place a fundraising team and strategy to meet this challenge. This has already had some success in that £l.Sk was achieved through operational efficiency savings and £24k from donations in the first quarter of 2024125, Membersliip subscriptions After consultation with members, and their families, where relevant, annual membership subscriptions and contributions requested towards transport and lunch costs were increased slightly for 2023124. Although membership has been slow to grow post pandemic, and membership levels difficult to maintain due to the age and health profile of both new and existing members. indications are that these are gradually increasing. In addition, plans to extend and develop services will bring increased membership and therefore additional income. Conclusion Despite the continuing service and resourcing difficulties following Covid 19. the challenges xn recruiting volunteers and me¢ting the cost-of-living financial PTessures, we are confident of a positive fuiure. New initiatives and planned efficiencies are in hand and these together with the on-going commitment and support from members, families, staff, volunteers, donors and the wider local community will ensure we can continue to deliver our services well into the future.
ROTHER VALLEY TOGETHER REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 MARCH 2024 (CONTINUED) Reserves Policy The Trustees have examined the Company's requiTements for reserves and has concluded that there is a need to maintain a level of reserves sufficient to meet its commitments to beneficiaries. As at 3 I March 2024 the amount of free reserves held by the Company was Considered Satisfactory. The Trustees conlinue to review. on an ongoing basis, the Reserves Policy and the level of r¢serves held to ensure that those reserves are adequate to fulfil the Company's obligations and to ensure its financial stability. PUBLIC BENEFIT STATEMENT The Trustees are satisfied that they have complied with the duty in section 17 of the Clwities Act 2011 to have r¢gard to the public benefit guidance issued by the Charity Commission. INDEPENDENf EXAMINER Mr A Mardle FCA has indicated his willingness to be reappointed as the Independent Examiner. Approved by the Trnstees on 22 October 2024 and signed on its behalf by: M Guest Trustee
ROTHER VALLEY TOGETHER INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF ROTHER VALLEY TOGETHER I report lo the trustees on the accounts of the Charity for the year ended 31 March 2024 which are set out on pages 10 to 17. Respective responsibilities (pflrustees and thzminer The trustees (who are also the dirc¢tors of the Company for the purposes of company law) are responsible for tlie preparation of the accounts. The Charity's trustees consider that an audit is not required for this year under sectioti 144 of the Charities A¢t 2011 (th¢ 201 l Act) at)d that an independent examination is required under section 145 of the 2011 Act. l am qualified to undertake the examination by being a member of the Institute of Chartered Accountants in England and Wales and it is my responsibility to- exatnine the accounts under s¢clion 145 of the 2011 Act; to follow the pro¢edures laid down in the general Dir¢ctions given by the Charity Commission under section 145{5}(b) of the 2011 Act. and lo state whether particular matters have come to my attention. Basis oflndependeni ExomiAer'& Stolement My examination was carried out in accordan¢¢ with the general Directions given by the Charity Commission. An examination in¢ludes a review of the accounling r¢cords kept by the Charity and a comparison of the accounts presented with those records. It also includes considcration of any unusual items or disclosures in the accounts and seeking ¢xplanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidenee that would be requir¢d in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the staternent below. Independenl Examiner's Stulemen¢ In connection with my examination, no matters have corne to my &tt¢ntion which gives me cause to believe that in any material respect.. accounting records were not kept in accordance with section 386 of the Companies Act 2006. or the a¢counts do not accord with such records. or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirements that the accounts give a 'frue and fair view" which is not a matler considered as part of an independent examination. or the accounts hav¢ noi b¢en prepared in accordance with the Charities SORP (FRS 102). I have come across no oiher matters in ¢onnection with the examination to which attentiotl should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the Charity's trustees, a5 a body, in accordance with Part 4 of the Charities {A¢¢ounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's trltstees those matters l am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent perniitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's trustees, as a body. for my work for this report. Si8n¢d'. Alain Mardle FCA Chart¢r¢d Accountant Greens Court, West Street Midhurst. West Sussex, GU29 9NQ
ROTHER VALLEY TOGETHER STATEMENT OF FINANCIAL ACTIVIES (ineluding Income & Exp¢nditur¢ Account) FOR THE YEAR ENDED 31 MARCH 2024 Notes Unrestrieted Restricted Total Funds Funds Funds 31 March 31 Msreh 31 March 2024 2024 2024 Total Funds 31 Marth 2023 Income from: Donations & legacies Charitable activities Other income 2.3&3 32.822 23,373 4,530 60,725 32.822 23,373 4,530 60,725 17.183 22.504 3.851 43.538 Expenditure on: Fundraising Charitable activities Other expenditure 2.4&4 451 84,547 744 85,742 451 84,547 744 85,742 585 76.487 810 77,882 Net movement in funds (25.017) 0 (25,017) (34,344) Transfers between funds Fund balances at l April 2023 54.911 9,190 64,101 98,445 Fund balances at 31 March 2024 29,894 9,190 39,084 64,101 The stafrment of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. This statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. The notes on pages 12 to 17 fomi part of these financial statements Io
ROTHER VALLEY TOGETHER BALANCE SHEET AT 31 MARCH 2024 31 March 2024 31 March 2023 Notes FIXED ASSETS 4,039 5,217 CURRENT ASSETS Debtors Cash at bank and in hand 1,164 40,866 42,030 1,459 63,156 64,615 CREDrfoRS: Amounts falling due within one year io 6,985 5,731 NET CURRENT ASSETS 35,045 58,884 TOTAL ASSETS LESS CURRENT LIABILITIES 39,084 64,101 CREDITORS: Amounts falling due after one year NET ASSETS 39.084 64,101 REPRESENTED BY: Unrestricted funds.. General fund Restricted funds li 12 29,894 9,190 54.911 9,190 64,101 For the period ended 31 March 2024 the Company was entitled to exemption from audit under section 477{2) of the Companies Act 2006 relating to small companies. The members have not Tequired the Company to obtain an audit in accordance with section 476 of the Companies Act 2006. The Directors acknowledge their responsibility for.. l) ensuTing that the Company keeps accounting records which Comply with section 386. and 2) preparing accounts which give a true and fair view of the state of affairs of the Company as at the end of the financial y¢ar, and of its Profit or loss for the financial year, in accordance with the requiTements of section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as is applicable to the Company. These accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies, regime. The accounts were approved and authorised foT issue by the Trustees on 22 October 2024 and signed on its behalf by.. M Guest DireCtorruStee The notes on pages 12 to 17 forn] part of these financial statements
ROTHER VALLEY TOGETHER NOTES TO THE FINANCIAL STATEIIqENTS FOR THE YEAR ENDED 31 MARCH 2024 STATUTORY INFORMATION Rother Valley Together is a private company, limited by guarantee. registered in England and Wales. The covnpany's registered number and registered office address can be found on the Company Information page. ACCOUNTING POLICIES Basis of Preparation The accounts (financial statements) have been prepared in accordance with the provisions of the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities under the historical cost convention with items recognised at cost or transaclion value unless otherwise stated in the relevant note to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accoTdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and FRS 102 and the Charittes Act 2011. In preparing these accounts the directors have considered whether in applying the comparative figures was needed. No such restatements were Tequired. The Company has taken advantage of a number of disclosure exemptions perniitted by FRS 102. The Company constitutes a public beneflt entity as defined by FRS 102. The financial statements are prepared on a going concern basi5 under the historical cost convention. The principal accounting policies adopted are set out below. The directors consider that there are no material uncertainties about the Company's ability to continue as a going concern. Going concern At the time of approving the accounts, the Trustees have a reasonable expectation that the Cornpany has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of a¢¢ounting in preparing the financial statements. Funds The Trustees review incoming resources to determine whether any funds should be treated as restricted. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the Testricted fldS are set out in the notes to the accounts. 12
ROTHER VALLEY TOGETHER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 {CONTINUED) Income recognition Income is accounted for on an accruals basis, when the Company is legally entitled to it after any perforn]ance conditions have been met, the amoutlts can be measured reliably, and it is probable that Ihe income will be received. Expenditure recognition Expenditure is accounted for on an accruals basis and is recognised where there is an obligation to make paymenls to third parties. Irrecoverable VAT is reported as part of the expenditur¢ to which it relates. Tangible red assets Tangible fixed assets are initially measured at cost and subsequently measured at cost. net of depreciation and any impairment losses. Depreciation is Tecognised so as to write off the cost or valuation of assets, Less their estimated residual values. over their useful lives on the following bases- Motor vehicles Equipment 251/ko on reducing balance 25V/y on cost The gain or loss arising on the diswsal of an asset is deterniined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net incomel(expenditure) for the year. Critical accounting estimates and judgements In the application of the Company's accounting policies, the Trustees are required to make judgements. estimates and assutnptions about the carrying aEnount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are Considered to be Televant. Actual results may differ from these estimates. The Trustees consider that there are no critical estimates or judgements. 13
ROTHER VALLEY TOGETHER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED) INCOME Unrestricted Restricted Total Fund5 Funds Fllnd5 31 Mar¢b 31 March 31 March 2024 2024 2024 Total Funds 31 March 2023 Income from: Donations & legacies.. Town Council grants Legacy Other grants & donations 3,000 3,000 3,000 29,822 32,822 14,183 17,183 32,822 Charitable activities.. Club activities 23,373 23,373 23,373 22,504 22,504 Other trading activities.. Fundraising 4,530 4,530 4,530 4,530 3,851 3,851 Total income 60,725 60.725 43,538 14
ROTHER VALLEY TOGETHER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED) EXPENDITURE Unrestricted Restriettd Total Total Funds Funds Funds Funds 31 March 31 Mareh 31 March 31 March 2024 2024 2024 2023 Expenditure on: Fundraising: Fundraising costs 451 451 451 451 585 585 Charitable activities: Activities & outings Room hire Wages Lunches Motor expenses Insurance Telephone Postage & stationery Website & promotion Small items of equipment Depreciation Sale of assets Other expenses Advertising for staff 400 9,990 47,424 18,306 4,822 683 458 365 375 400 9.990 47,424 18.306 4,822 683 458 365 375 150 9,275 41,931 17,727 3,940 754 400 354 209 25 1,558 1,178 1,178 546 546 164 84,547 84,547 76,487 Other expenditure.. Accountancy 744 744 744 744 810 810 Total expenditure 85,742 85.742 77,882 NET MOVEMENT IN FUIYDS 31 March 31 March 2024 2023 This is stated after charging'.- Independent Examiner's remuneration 744 720 15
ROTHER VALLEY TOGETHER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED) TAMTION The Company, being a registered charity, is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in ihe Company. 7. EMPLOYEES AND DIRECTORS None of the Directors received any remuneration during either year. The average number of empEoyees during the year was 4 (2023 - 4). FIXED ASSETS Motor vehicles Equipment Total Cost.. At l April 2023 Additions Disposals At 31 March 2024 38,400 700 39,100 38.400 700 39.100 Depreciation.. At l April 2023 Charge for the year Disposals At 31 March 2024 33,844 1,139 39 39 33,883 1.178 34.983 78 35,061 Net book value: At 31 March 2024 3,417 622 4.039 At 31 MaT¢h 2023 4,556 661 5,217 16
ROTHER VALLEY TOGETHER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED) DEBTORS 31 March 2024 31 March 2023 Accrued incom¢ Other debtors & prepayments 292 872 1,164 358 i.ioi 1,459 io. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31 March 2024 31 Mar¢h 2023 Accrued expenses 6,985 6.985 5,731 ii. GENERAL FUND: MOVEMENTS IN THE YEAR 31 March 2024 31 March 2023 Balance at l April 2023 Net movement in funds Transfers between funds Balance at 31 March 2024 54.911 (25,017) 89,255 (34,344) 29.894 54,911 12. RESTIUCTED FUNDS: MOVEMENT IN THE YEAR 31 March 2024 31 March 2023 Balance at l ApTiI 2023 Net movement in funds Transfers between funds Balance at 31 March 2024 9,190 9.190 9,190 9,190 The restricted fund represents a Lottery grant of £1 0,000 to fund the New Horizons club. This has been put on hold du¢ to the Covid 19 virus. 12. POST-BALANCE SHEET EVEIYTS There have been no post-balance sheet ev¢nts. 17