Charity Trumber: 1171743 THE INGLETON RURAL COMMUNITY ASSOCIATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Armstrongwatson. Ac￿untants, Business & Financial Advisers THE INGLETON RURAL COMMUNITY ASSOCIATION CONTENTS Page Trustees. report Independent examinerfs report Stat8ment of financial activtties Balance sheet 74 Notes to the financial statements 9-25 THE INGLEfoN RURAL COMMUNITY ASSOCIATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees preserkl their annual report togethw wilh the firsanaal statements of Ingleton Rural Community Association for the 1 April 2023 lo 31 March 2024. The Trustee5 confirm that the Annual report and financHI siatements of the charity comply with the cUr￿nt stslulory requirements, the requirements of the CIO'S governing document and the provisions ol the Statement of Recommended PraCt￿e ISORPI applicable to Charities preparing their accounts in aCCordar￿e wlh the Financial Reporting Standard applicable in the UK and Republic of Irelar¥J {FRS102} leffect￿e 1 January 2019). Since the charbty qualrfies as small uThJer section 382 of the Companies Act 2006. the Strategi¢ report required of medium and large companies under the CLKnpan￿S Act 2006 (strateg￿ Report and Directors. Report) Regulations 2013 has been omitteif. Objectives and actiwties . Policies and obj•etives To promote the benefits of the inhalytants of the tthvnship of Inglet￿ and the neighbtyjrhood wthout distinction of sex or political, religious. or other opinions. by associating the local authorities. voluntary organisalions, and inhabitants in a ¢ommon effort io advance education and to provide faulrties in the Interests of social welfare for reation and leistjre lime occupation with object of improving the conditions of lrfe for the said inhabitants. To establish a Comrnunity Centre (Tre Centre") and lo maintain or manage. or to Co-operate wth the local ststulory Authority in the maintenance and management of such a Centre for ¥tivities promoted by the Ass4xiation and its constituent bodies in the lurtherance of the above objecis. The Association is non-party politics aThl non-sectarian in rdigion. The Assooation has the power to affiliate to the National Federation of Community Associations and lo other organisatM)ns wth similar charitable objects. In setting objecttve5 and planning actNiknes. the Trustees have given due considerat￿N lo general gu￿anCe published by the Charity Commisston relating to public benefiL induding the guIdan￿'pubIi¢ benefii.. njnning a charity IPB21'. b. Strategies for achièving objectives We are a local charity that support5 the communty of Ingleton and its surrounding hamlets. Our aims". - To provide and maintain the sports f￿ditieS for use in the l¢xal (x)mmunity. To provide. develop and maintain the outdoor swmming pocA for use by the public in the surnmer months. -To provide the community. inf0m1at￿n and welfare actNi1￿5 at the Ingleborough Community Centre. -To work in partnership ￿th others wilh similar goals. -To manage the Community Centre to enable l¢Jcal volunleers lo ¢ontinue to provide invaluable Support our most vulnerable residents. Page 1 THE INGLETON RURAL COMMUNITY ASSOCIATION TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Objectives and activities Icontinuedl c. Activities undertaken to achiève objecttves Improvements lo t1￿ sports facilities, swmmir¥3 p￿1 and community centre are constanuy under review. The swimming pool has intr(Kluced cold waler swimmiThJ as well as its usual summer months provision which continue to be well used. The Trustees have over recent years appreciated the administration burden on small organisalions within the IOCAI community whtch has added pressure on al￿adY over-slrel¢hed volunteers. To assist with this the Association offered banking facslitEs. where requ&8ted. lo affiliated members. Details of these are shown in Ihe accounls under Re5trtGted Funds. The Association are ￿ftt ￿nerS of the Communty cent￿ with Inglelon Parish Council who work together d. Main activities undertaken to further thè 1. The sports field was endowed lo the Association by the now defunct Mountain R8ce Cornmittee. The land is now used by Ihe BovAFng Club. the F¢x>tball Club and the Cricket Club There are also facilities in the form of a fflulti4Jse all weather games area for sports activities. The management and day lo day running of this section is overseen by the Swrts Management Commsttee, acting on behalf of The Commiitee. 2. The outdoor swimming pool is leased at a nominal ￿fil from Inglelon Parish Council. This is open lo the public, both l¢xal inhabitants and lourists, from Spring Bank Hgliday to Augusl Bank Holiday each year. The management and the day to day running of Ihis section is overseen by the Swimming Pool Management Cornmitlee, actlng on behalf of The Committee. 3. The Community Centre activities are overseen by the Ingleton Rural cOm￿UnitY Associationlmanagemenl Committee. acting on behalf of The Committee. The10¢31 Community Centre provides venues lor drama, meelings. indoor sports, dances, discos. exhibitions, conferences. the local libr8ry service, Tourist Information Centre and part time Post Office. It also Provides a facility which has been ar￿ continues to be used as a vaccination ￿ntre involving the local pharmacy and volunteets. Achievements and performance a. Main achievements of the charity The provision and maintenance of sports facilities for the use of the local community. The provision. development and rna1ntenan￿ of Ihe outdoor swÈm¥ning pool for use during the summer Months by the general public. The provision of community, infomiatTon and weffare activities at the Ingleborough Community Centre. Working in partnership wlh others with similar goals. Community Centre Managernent ar￿ local volunteers conb.nue Io I￿VIde invaluable SUPPDrt to our most vulnerable residents. In all of these a￿a$. the charity has had a successful year in meeb.ng rts aims anit objectives. Page 2 THE INGLETON RURAL COMMUNITY ASSOCIATION TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Financial review . Going concern After making appropriate enquiries. the Tmstees have a reasonable expectation thai the charity has adequate resources lo continue in operational existence for the [C￿eseeable future. For this reason, they Continue lo adopt the going concem basis in p￿parIng the financid slalement5. Further detsils ￿gardIng the adoption of the going concern basis can be found in the accounting ￿l￿e$. b. R¢$¢rves policy The Trustees have established a policy Whe￿bY the Un￿strICted funds exduding fixed assets should be held al 8 level of approximalely £20.000 to £25,000. IÉ is considered Ihat reserves of this level are necessary to ensure stability and to enable the continued development of equipment and fa¢ilib"es ne¢essary to fulfil the objects of the charity to the high stanijards required. At the year end the ijnrestricled funds exduding fixed assets were above the target level. Structure, goveman¢e and management a. Constltutlon The Inglelon Rtjral Community Assoc4ation is regi5lered as a charitsble i[￿{￿1ed organisation. b. Methods of appoirthent or election of Tru$tÈes The management of Ihe charity is the responsibility of the Trustees who a￿ elerted and Co-opt￿ under the terms of the Memorandum of AsxKiatK)n. Reference and 3dmini$tr*ive d￿allS of the charity, its trustees and advisers Trustees C Lis. Chair Mrs J Thislletlwaile. Treasurer IResignetl 31 M3r¢h 20241 Mrs B Morphet. PreS￿ent W Tooby Mrs E TiltKJm Mrs M E Hulchinstm) lapw.nled 20 May 20241 Charity registered number 1171743 Registered office Ingleborough Community Centre Main Street Ingleton Carnforth Lancashire LA6 SHE Page 3 THE INGLETON RURAL COMMUNrrY ASSOCIATION TRUSTEES, REPORT (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Statement of Tru5t8es' responsibilitiès The Trustees are responsible for prepafiftg Ile TrJslees' reporl and Ihe financial siatefflents In accordance wilh applicable law and u￿￿ted Kingdom A¢counts"ng s￿ndar[l$ (Unrted Kingdom Generally Accepted Accouniing Practice). Current law requires the TrUst￿S to prepare finan(xaS sl*emenls for eath finanoal. The Truslees must nol approve the financial statements unless they are sats"sfied Ihal they give a true and fair of the state of affairs of the charity and of ts incoming resour￿ and applicakn.on of resources, including its income and expendrture. for that peri(￿. In preparing these financial statements, the Trustees are required to.. select suitable accounling poliC￿S and then ap￿Y Ihem o)nsistenlly.' observe the methods and principle5 of the Charities SORP IFRS 1021.. make judgments and accounting estimates that a￿ reasonable arKI pntdenl.. state whelher applicable UK Accounting Standards IFRS 1021 have been followed. subject lo any material departures disclosed and explained in the financial statements.. prepare the financial statements on the going wKern basEs unless it is inappropriate to presume that the charity wll continue in business. The Trustees are responsibte f￿ keeping a(lequate a¢countin9 re(x)rd5 that ￿ sufficienl to show and explain Ihe charity's transactions arKI disdose wth ￿asonable a￿￿racY at any time the financial position of the charity and enable them to ensure Ihat the financial statements comply with relevant legislation. They are also responsible for safeguarding the assets of the charty arKI hence for taking reasonable steps for thè prevention and detection of frau¢J ar￿ other irregularities. Approved by order of the members of the board of Trustees and swJned on their behalf by.. CLIS Chair Df Trustees Date.. i L¥ 2OL Page 4 THE INGLETON RURAL COMMUNITY ASSOCIATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Indep•ndent examlnerfs report to the TTUStees of The Ingleton Rural Community Association {Ihe charity'l I report to the charity Trustees on rny examination of the accounts of the charity for the year ended 31 M8r¢h 2024. Responsibilities and basis of report As the Trustees of the charity you are responsible for the preparation of the ￿untS in accordance with the requiremenis of the Charities Act 2011 1.the 2011 Acri. Having satisfie¢J Myself thal the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and a￿ eligible for independent examination, I report in respect of my examination of the charity's accounts carried oul under section 145 of the Chartties Act 2011 {'the 2011 Act'}. In carrying out rny examination I have followed ihe Oire¢tions given by the Charity Commission under section 14515Mbl of the 2011 Act. Independènt examinerfs stat¢mtnt I have completed my examination. I confimi that matters have come to ffly attention in connection with the exarnin3tion giving rne cause to believe.. accounting records were not kept in ￿spect of the charity as required by section 386 of the 2006 Act,. or the acc(yJnts do not accord with those re￿r￿S.. or the a￿untS do nol comply with the accounting requiremenis of section 396 of the 2006 Act other than any requirement that the a¢cwnts give a Irue arKI fairf view which is not a matter considered as part of an independent examination-. or the accounts have not been p￿pared in accOrtlan￿ wlh the methods and principles of the Statement of Re¢ommended Practice for accounting an(1 reporting by charities lapplicable to charities preparing their accounis in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irelan¢J IFRS 10211. I have no con¢erns and have come across rn other matters In cOnr￿li0n ￿th the examination lo which aitenlion should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. This report is made solely to the th3riVs Trustees. as a b(xty, in accordance wth Part 4 of the Charities IAccounts and Report51 Regulations 2008. My work has been undertaken $0 that I might slate lo the charity's Truslees those matters l affl required to slate lo them in an Independent examinerfs report and for no other purpose. To the fullest extent permitted by law, I do not a¢xepl or assume responsibility to anyone other than the charily and the charity's Tfuslees #s a body, fcff rny work or fr)r this report. Signed". Dated 2024 Karen Rae FCCA First Floor East 8ridge Mills Slramongate Kendal Cumbria LA9 LUB Page 5 THE INGLETON RURAL COMMUNiff ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Restricted Unrestricted fund5 funds 2024 2024 Total funds 2024 Tolal funds 2023 Note Income frorn: Donations and lega￿eS 38.568 14,310 52,878 26.368 Charitable activities 96,466 94.692 Investments 429 429 76 Total in¢ome ExpendÈture on: 111 205 121 136 Charitable activilies 130.601 184,058 154.034 Total expèndlture N¢t movement in funds Reconciliation of funds: Toial funds br¢)ught forward 190.755 1W605 377,360 410,258 Net movement in funds 114.889) 119,3961 {34.2851 (32,898) Total funds carried fofward 77 The Statement of financial actNities indudes all gains arKI losses recognised in the year. The notes on pages 10 10 23 form part of these financial statements. Page 6 THE INGLETQN RURAL COMMUNrrY ASSOCJATION REGISTERED NUMBEIi. BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Fixed assets Tangible assets 10 277,384 298,884 277.384 298,884 Curont assets Debtors 1.925 918 Cash at bank and in harn 65.402 79,809 67.327 80, 727 Credilof5'. amounts falliThJ due within one year 12 11.6361 (2,251J Net current assÈts 65.691 78,476 Total assets less Current liabilities 343,075 377.360 Net assets excluding pension asset 343,075 377.360 Total net assets Page 7 THE INGLEfoN RURAL COMMUNfTY ASSOCIATION REGISTERED NUMBER: BALANCE SHEET ICONTINUEDI AS AT 31 MARCH 2024 2024 2023 Note Charity funds Reslrided funds 14 175.866 190,755 Unrestricted fun(Js 14 167.209 186,605 Total funds 77 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. CLIS Chair of Trustees The notes on p8ge$ 10 10 23 form part of these financial statements. Page 8 THE INGLETON RURAL COMMUNrtY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General infomiatlon Ingleton Rural Community Association is a Chariiable IrtcofpK)raled Organisation, regISte￿d in England and Wales. The charl￿$ registwed number and registered Offi￿ address can be found in Ihe Reference and Administrative delails. Accounting policies 2.1 Basis of preparation of financial statements The financial stslements have iwn prepared in accordan￿ %wth the Charilies SORP IFRS 1021 ~ Accounting and Reporting by Charittes.- Statement ol Re¢ommen¢Jed Practice applicable to charilie5 preparing their accounts in accordance wth Financial Repwting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effeGtive 1 January 20191. the Financial RerK>rting Standard applicable in the UK arKI Republ￿ of Ireland IFRS 1021 afKI the Charrt*s Aci 2011. The financial statements have been prepared to gTve a "true and fair- view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extend required to provide a true and faif view. This departure has involved following the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Charities.. Sktement of Recommended Practice effective from 1 April 2005 whid) has since been withdrawn. Ingleton Rufal Community Asswiation the definition of a publtc benefit entity under FRS 102. Assets and liabililies are initially recognised at historical cost or transaction value unless otherwise slated in the ￿le¥aft1 accounting pdKy. 2.2 Going eoncem The financial statements have b￿n p￿pared on a going concern basis. The Trustees believe they have sufficEnt resources to meet liabilities as they fall due_ 2.3 Income Al income is recognised once the chariiy has entiuement lo the income. it is probable that the income will be received and the amount of income receivable Can be measured reliably. Grants are included in the Statement of financial activilies on a receivab￿ basis. The balance of income re￿iVed for spe¢ffic purposes but not expended during the perbod is shown in the relevant funds on the Balance sheet. Where income 15 received in advance of entitlement of re￿[pt, it5 recognition is deferred and induded in creditors as deferred income. Where entillemenl occurs t>efore income is ￿ceNe￿, the income is accrued. Income tax recoverdble in ￿lation lo investment income is recogni5e(S al the time the investment income is ￿ceIV¥ble. Page 9 THE INGLETON RURAL COMMUNtTY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2.4 Expenditure Expenditure is recogfiised once there is a legal or oonstructNe obligation to transfer economic benefit lo a third party, it is probable thal a transfer of economic benefits will be required in settlement and the amount of the obligation can be rneasu￿ ￿liat￿y. ExpenditUTe is classified by activity. The costs of each activity are made up of the toial of direct costs and shared costs, including support costs invofved in undertaking each actwity. Direct costs attributable to a single activity are all<￿31ed directly to that aclwity. Shared costs whKh contribute lo more than one activity and support Costs which are not attributable to a s*ngle actNity are apportioned beiween those activities on a basis consistent wth the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation tharges akJc2ted oft the mion of the asseys use. Expenditure on charitable aclwio.es is incL¢fTed on directty undertaktng the activities whKh further the charity's objectives. as well as any associated support costs. l expendilure is induswe of 1rrecovera￿e VAT. 2.5 Govemment grants Government grants relating to tangl￿e fixed assets are trealed as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited lo the Stslement of financial activities as the related expenditure is incurred. 2.6 Interest receivable Inte￿$1 on fvnds held on deposrt is in¢luded when ￿CeiV¥bIe and the 8mOu￿1 can be measured reliably by the charity". this is nomally upon notffjication of the interest paid OT payable by the institution with whom ihe funds are deposrted. 2.7 Tangible fixed assets and depreciation Tangible fixed assets costing £250 or more are capitalised and recognised when ftjture economic benefits are pfobable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cosl. After recognition. under the ¢osl tnodel, iangible fixed assets are meastjred at cost less accumulated depreciation and any accumulated impairment losses. Ml costs inujrred to bring a tangible fixed asset inlo its intended working condilion should ￿ included in ihe measuremenl of cost. Depreciation is charged $0 as to allocate the cost of tangible fixe(l assels less their residual value over their estimated useful INes, Depreci81iM is provKled ¢)n the fdlowing ba515". Freehold property 10% Long-lerm leasehold propety - 4% FtXtu￿S and fittings 15% 2-10% on cost on cost 5traighl line Page 10 THE INGL￿oN RURAL COMMUNrrY ASSOCIATION NOTES TO THE FTNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2.8 Debtors Trade and other debtors are recogrhised at the setuemenl amounl after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts tjue. 2.9 Cash at bank and in hand Cash al bank and in hand includes ¢ash and short-term highly I￿Uld investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account_ 2.10 Liabilities and provisions Liabilities are recognised when there is an obl￿allOn at the Baance sheet dale as a ￿sUIt of a past event, it is probable th8t a transfer of economic benefit will be required in seitlemenl. and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amounl that the charity anticipates tt wll p8y to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provi5rons are measured al the best esb.mate of the amounts requiied to setue the obligation. Where the effect of the time value of money is material, the provisK)n is based on the present value of those amount5, discounted al the prtrtax discount rate that rèflects the risks specific lo the liability- The unwinding of the discount is recogntsed in the Stalernenl of f1nan¢ial activities as a finan￿ cost. 2.11 Financial instruments The charity only has financtal assets and financial liabilsttes of a kind that qualrfy as basic financial instruments. Basic financial instruments are initially recognised at transaction value subsequerfy measured at their settlement valye with the exception of bank loans which are subsequerfy measured at amortised cost using the effective interest method. 2.12 Fund accounting General are unrestricted fvnds which are available frK use at ihe discretion of the Trustees in furtheonce of the general objectNe5 of charity and which have not been deS￿nated for other purposes. Restricted funds are funds wh¥ch are to k used in accordance $pecffj￿ restriciions imposed by donors or which have been raised by the charrty for particular purposes. The costs of raising and adtninistering such funds are charged against the specrfic fund. The aim and use of each restricted fund is sel out in the notes lo the financial statements. Investrnenl income. g8ins and losses are allccaled to the appropriate fvnd. Page11 THE INGLETON RURAL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from donations and lègaeiès Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Tolal funds 2023 Donatv)n5 1,310 39,878 23,368 Grants 13.000 13,000 3.000 Total 2023 Income from charitable activities Unrestricted funds 2024 Total funds 2024 Tolal funds 2023 Income from charitable activities- Community activities 7.175 7.175 6.307 Income from ¢haritable activibes- Sports facdities 5.199 5,199 4.133 Incoffle from charitable acJ"vities - SwmmirwJ ml 84.092 84.092 84,252 Total 2023 94 692 Page 12 THE INGL￿oN RURAL COMMUNfTY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Investment income Unrestricted funds 2024 Total funds 2024 rotal fvnds 2023 Bank interest r￿￿Vable Total 2023 Analysis of expenditure on charltable activittes Summary by fund type Restricted Unrestricted funds funds 2024 2024 Total 2024 Total 2023 Community aclivilies 36.148 20,936 57,084 31,694 Sports facilities 11.502 18,846 17.428 Swimming po 5.807 99,811 105,618 101.097 Other 2,510 2,510 3,815 Total 2023 11 80 Page13 THE INGLETON RURAL COMMUNtrf ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analy5Tr5 of expendÈture by activities Activities undÈrtaken directly 2024 Support costs 2024 Total fund5 2024 Total funds 2023 Community activities 57,084 57,084 31,694 Sports farjlilies 18,846 18,846 17,428 Swimming pool 105.618 105,618 101,097 Other 2.510 2.510 3,815 Total 2023 21 Page 14 THE INGLEfoN RURAL COMMUNrrY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Analysis of direct costs Community activities 2024 Sports Swimming facilities 2024 Total funds 2024 Total fvnds 2023 2024 Staff cos15 33.270 33,270 25,284 Depreciation 12.379 11,250 2S.309 25,160 Ulilitres 41.615 44,510 42.624 Insurance 70 2,661 3,824 3.784 Telephone 119 59 237 248 Newsletter 933 Repairs and renewals 1,971 2.650 5,667 10.288 13.354 Sundry expenses 74 1,681 1.145 Conin'bulion lo Inglelon Parish Council 10.0 10,000 Chemicals 4.747 4,747 4.732 Commisston 2.873 2,873 3.182 Post8ge and sl*K>nery 1.013 202 1.152 2,367 2,349 Cleanir¥J 106 1,088 Merch8ndise and branding 648 Profivloss on dispx)sal of fixed assets 148 Licences 1,837 1,837 1,582 Training 1,102 1,102 333 Websile costs 1,539 72 1,611 354 Contribution to Ingleton Pantomime 2,000 Craft Club 100 100 100 Page 15 THE INGLETON RURAL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Gala Fund 4.814 4,814 1,488 Gymkhana 4,364 2.943 Isavealrfe 277 Ingleton in Bloon 200 750 Tourist Infonmalion Centre 3.643 3,538 Centre Bin 127 Village Band 769 769 1,655 Inglelon Even15 850 850 636 Centfe Improvement 21.118 21,118 Allotments 1, 147 Covid 19 10,072 Total 2023 Analysis of support costs Total funds 2024 rotal funds 2023 Other 2024 Tdephone 356 372 Postage and stationery 609 609 878 Room hire 432 432 204 Accountancy 1,113 1.113 2.361 -3.81.5 Total 2023 Page 16 THE INGLETON RURAL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ￿RCH 2024 2024 2023 Staff costs 2024 2023 Wages and salaries 33,270 23, 790 Social security costs 1,494 The average number of persons employed by the charity during the year was as follows.. 2024 No. 2023 No. Swimming pod staff No employee receive<1 ￿M￿neratIOn amounting to mtye than £60.[￿ in either year. During the year ended 31 Marth 2024 thwe We￿ no salarie5 paid lo key managernenl per50nnel12023 Trustees, remuneration and expenses During the year, no Trustees receNed any remunerabon or other benefits (2023- £NILJ. During the year ended 31 March 2024. no Trustee expenses have been incurred (2023- £NILI. Page 17 THE INGL￿oN RURAL COMMUNrrY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 10. Tangible fixed assets Long4erm leasehold pro￿rtY Short-term leasehold Fixtur¢$ and property fittings Freehold property Total Cost or valuation At 1 April 2023 249.048 208.788 11.261 568,539 Additions 3.600 358 3,958 Disposals {3241 {3241 At 31 March 2024 252,648 208.788 11,261 99,476 572,173 Depreciation Al 1 April 2023 106,610 79,624 1.219 82,202 269,655 Charge for the year 13.662 225 3,046 25,310 On disposals 11761 (1761 Al 31 March 2024 120,272 88,001 85.072 294,789 Net book value At 31 March 2024 At 31 hrfarch 2023 17 2AQ Page 18 THE INGLEfoN RURAL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 11. Debtors 2024 2023 Due'within one y•ar Prepaymenls anij accrue(l income 1.925 918 12. Crèditors: Amount5 falling due wÉthin one year 2024 2023 Accruals and deferred income 13. FÈnancial instruments 2024 2023 Financial assets Financial assets measured at fair value through income and expenditvre 79 Page 19 THE INGLETON RURAL COMMUNrrY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Statement of funds Statement of funds - current year Balance at 31 March 2024 Balancè at 1 April 2023 Income Expenditure Unrestricted funds General Funds 11120S 130 601 167 209 Restricted funds Isavealrfe 1.$53 55 1290) 1,318 Village Band funé 1.102 120 17691 453 Mulli use games a￿8 57.760 111.502) 46,258 Swmming pool chaThJing rcom fund 2,799 1746) 2,053 Disabled access 1.951 1451} 1,500 P¢)ol Development Fun 109.763 14610} 105.153 Autumn Festival Fund 3.639 3,639 Ingleton in bloom 750 300 (200) 850 Gymkhana 1,558 3,796 14,364) 990 Tourist Information Centre 1.381 4201 13,6431 1,939 Ceftl￿ Bingo Inglelon Events 1A13 18501 1,160 Centre Improvement fund 3.834 24.803 121,1181 7,519 Page 20 THE INGL￿oN RURAL COMMUNiff ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Craft Club {100) Gala Fund 14.814) 2,000 DDay 728 190,755 38,568 153,4sn 175,866 Total of funds A grant of £3.000 was received from the Harold Bridges TrLt51. this was for a Contribution to the ongoing cosis of running the Swimrning Pool. A grant of £10.000 was receNed from Two R*lings for the upkeep of the Community C¢ntre. Page ?1 THE INGLETON RURAL COMMUNrrY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Statement of funds Iconlintjedl Statement of funds- Prior year Balan￿ al 31 March 2023 B818nc8 gt I 2022 Inwne Expenditure Unrestricteil funds General Funds 115989 Restrictsd funds Isavealrfe 1.830 (277) 1,553 Village Band fund 179 2.578 (1.655J 1, 102 Multi use games area 69.279 (11.519) 57,760 Swimming kX)ol changing room fijnd 3.545 (746) 2,799 Disabled access 2.402 (451) 1.951 Pool Development FurKI t 14.373 (4.610) 109, 763 Autumn Festival Fund 3.639 Inglelon in bl¢y)m 700 (750) 750 Gymkhana 1.238 3.263 {2.943) 1.558 Tourist Inf¢)miab"on Centre 1.264 3.655 (3,538) 1.381 Centre Bingo 127 (121) Inglelon Good Neighbours 222 11 (233) Inglelon Eve￿19 1.171 878 (636) 1.413 Covid 19 Fund 70,012 (70.012) Page 22 THE ING￿oN RURAL COIIMUNrrY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Statement of funds (continued) Centre Improvement fund 2.539 t.295 3,834 lolmenls 1.147 (1. 147) Craft Club (1￿) 400 Gala Fund 4.334 (1,488) 2,846 2f3.66T 17,314 (40.226) 190, 755 Total of funds 21 Page 23 THE INGLETON RURAL COMMUNrrY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. Summary of lunds Sumrnary of fund5 - current year Balance at 31 March 2024 Balance at 1 April 2023 In¢omè Expenditure General funds 186,605 111.205 {130.601) 167,209 Reslricled fvn¢Js 190,755 38.568 {53,457} 175,866 Summary offunds- prior year Balance at 3f March 2023 Balan￿ at l Affl"12022 Income Exirendilure General funds 196.591 106.003 (115,989J 186,605 Restricted ftjnds 213.667 17.314 (40.226) 190,755 41 60 16. Analysls of net assèts bètwÈ¢n funds Analysis of net assets between funds - ctsrrent perfod Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Tangible fixe