Charfry number: 1171T43 THE INGLETON RURAL COMMUNITY ASSOCIATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Armstrongwatson, Accountants, Business & Financial Advisers THE INGLEfoN RURAL COMMUNTfY ￿*SOCIATION CONTENTS Page Trustees, report Independent examinerfs report Statement of financial acttvities Balance sheet Notes to the financial statements 9-20 THE INGLEfoN RURAL COMMUNrrY ASSOCIATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report together with the financial statements of Inglelon Rural Community Association for the year 1 April 2024 to 31 March 2025. The Trustees confimi that the Annua report and financial statements of the charty comply with the current statutory requirements, the requirements of the charivs goveming document and the provIs￿nS of the Slatament of Recommended Praclice {SORP} applicablp Irj rth2rtlies prep2ring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021 leffeclive 1 January 2019). Objectives and activities a. Policies and objectives To prvETiul¥ Ihe berrfrts of the inhabitsnts of the township of Ingleton and thc neighbourhood without distinction of sex or political, religious, or other opinions, by associating the local authorities, voluntary organisations. and inhabitants in a common effort lo advance educalion an(J to provicje facilits.es in the inierests of social welfare for recreation and leisure time occupab.on with object of imwoving the conditions of life for the said inhabitants. To establish a Community Centre I"The cent￿.) and to maintain or manage, or to co-operate wilh the local Statutory Authority in the maintenance arld management of such a Centre for activities promoted by the Association and ils consliluent bodies in the fUrtherar￿ of the above objects. The AssocÉation is non-party wlilics and non-sectsrian in religion. The Association has the power to affiliate lo thc National Federation of Community Associations and to olher organis3tions with qimilar charitable objects. In setting objectives and planning for actwities, the Trustees have given due consirjeraiion io general gul(Jan published by the Chariiy Commission relating to public benefit. including the guidan￿ 'Public benefit.. running a charity (PB21'. b. Strategies for achieving objectives We are a local charity that supports the comfflunity of Ingleton and its surrounding hamlets. Our aims.. To Pfovide and maintain the sport5 facilities for use in the local community. To provide. develop and maintain the outdoor swimming pool for use by the public in the summer months. To provide the community. information and welfare activities at the Ingleborough Community Centre. To work in partnership with others with similar goals. To manage the Community Centre lo enable thal volunteers to continue to provide Invaluable support io our most vulnerable residents. Page I THE INGLETON RURAL COMMUNrfY ASSOCIATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 c. Main activttie8 undertaken to furiher ihe Gliarity'b purpose5 for the public benefit The sports field was endowed to the Association by the now defuncl Mountain Race Committee. The land is now used by the Bowting Club. the Footb811 Club and the Cricket Club. There Édwe albu faGilitie5 in the form of a multi-use all weather games area for sports activities. The management and day lo day running of this section Is overseen by the Sports Manaqemenl Committee, aclinq on behalf of The Committee. The outdoor swimming pool is leased al a rm) cost from Ingleton Parish Council. This is open to the public. both local inhabitants and tourists, from Spring Bank Holiday to August Bank Holiday each year. The management and the day to day njnning of this section is <)verseen by the Sviimming Pool Management Commillee. ¢lCting on behalf of The Committee. The Community Centre activities are overseen by the Ingleton Rural Community Associationlmanagement Committee. acting on behalf of The Committee. The local Community Centre provides venues for drama, meetings. indoof SPOrt5. dan￿$. discos. exhibitions. Conferen￿$, Ihe local library service. Tourist Information Centre and part time Post Office. It also conlinL¢es lo provide a facility which has been and continues lo be used as a vaccination centre involving the local phamiacy and volunteers. A¢hievements and perforniance . Main achievements of the charity The provision and Maintenan￿ of sports facilities for the use of the local communify. The provision, development and maintenance of the cmjtdoof swimming pool for use during the summer months by the general public_ The provision of community. infornialion and wellare aclNlties at the Ingleborough Community Cenlre. Working in partnership with other3 Wtth similai goals. Community Centre Management and local volunleers continue lo provide invaluable support lo our mosl vulnerable residents. In all of these areas. the charity has. On￿ again. had a successful yEar in meeting its aims arKI objectives. Page 2 THE INGLETON RURAL COMMUNITY ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial rovi•w . Going concem After making appropriate enquiries, the Trustees have a reasonable expectation that the Gharity has adequate resources io continue In operational exiblence for the foreseeable future. For thi- rcason, they continue lo adopt the ooing concem basis in preparing the financial statements. Further delails regarding the adoption of the going concern basis can be found in the accounting policies. b. Reserves policy The Trustees have established a policy thereby the unrestricted funds excluding fixed assets should be held al a level of approximately £20.000 to £25.000. It is considered that reserves of this level are ne￿sSary to ensure stability and lo enable the contsnued develupiTi¥nl of equipmenl and facilitie8 necessary to fulfil the objects of Ihe charity to the high standards requI￿d. At Ihe year end the unrestricted funds excluding fixed assets were above the target level. Structure, governance and management Constitution The Inglelon Rural Community Association is registered as a Chariiable Incorporated Organisatioti Gliid was set up by a CIO Constitution b. Methods of appointment or election of Trustees The management of the charity is the responsibility of the Trustees who are elected and co-opted under the ierms of the CIO Con51ilution. Reference and administrative detsils of the charity. its trustees and advisers Trustees C H Lis OBE. Chair B Morphet, President W F Tooby E A Cribb Charity registered number 1171743 Regi5terod offiGe Inglet)orough Communty Ccntre Main Street Ingleton Carnforth Lancashire LA6 3HE Page 3 THE INGLETON RURAL COMMUNITY ASSOCIATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 The Trustees are responsi)ie for preparing Ihe Iruslees, report and the financial statements in accordance ivilh applicable law and United Kingdom Accounting Standards Iunitpd Kingdom Genefally Acceplod Accounting Praclicel. Charity law requires the Trustees to prepare financial slalements for each finsnci21 year. Undp.r ¢harity law, the Tn istPP8 mi191 nnt Appmvp Ihp fin2nri?l *tgt•montF I Inlgss th•ii ar9 f 31iEf19d th31 thoy giyo a truo und foir iiiow of the slate of affairs of the charity and of ils incoming resource8 and application of re30ur¢e3, inGluding its income and expenditure, for that period. In preparing these financial slaternents. the Trustees are required lo: select suitable accounting policies and then apply them consistently.- otserve the nielhods and prlnciples of the Charibes SORP (FRS 102),. make judgments and accounting estimates that are r?￿sonable and prudent; slate whether applicable UK Accounting Standards IFRS 102} have been followed, subject to any material departures disclosed and explaineij in the financfial statements.. prepare the financial slalemenls on the going concern basis unless it is inappropriate to presume that the charity ￿11 continue in business. The Trustees are responsible for keeping adequale accounting records that are sufficienl lo show and explain the charity's transactions and disclose with reasor)able accuracy al any time the financial position of the charity and enable them lo p.nqiJre that the financial statements comply wrlh relevant charity law. They dlbo responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the p￿VentIon and dclcclion of fraud and other irregularilies. Approved by order of the members of the Board of Trustees and signed on their behalf by.. CHLISOBE Chair of Trustees Dale". koli12 6 Page 4 THE INGLEfoN RURAL COMMUNITY ASSOCIATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Independeni examinerfs repon to the Trustee5 of The Ingleton Rural Community A390¢iation ('the charitrf) I rEyoil lo the Gharity Trustees on my examination of Ihc accounts of tha charity for the year ended 31 March 2025. Responsibilities and basis of roport As the Trustees of the charity (and its directors for Ihe purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Acl 2006 {'the 2006 ACY). Having satisfied myself that the accounts of the charity afe not required to be 8udiled under Part 16 of the 2006 Act 2nd are eligible for independent examination. I report in respect of my examination of the charity's accounts carried out under section 145 of the Charilies Act 2011 ('the 2011 Act,). In carrwng out my examination I have followed the Directions given by the Charity Commission under section 145(£l{bl of the 2011 Acl. Independent examinerfs statement I have completed my examination. I confimi that no malters have come lo my attention in connection wth the examination giving me cause to believe.. accounting records We￿ not kept in respect of the charity as required ty section 386 of the 2006 Act., or the accounts do not accord with those records" or Ihe aGcuuiilb not comply Nmth the a¢¢ounting ￿quIremcnts of seth.on 396 of the 2006 Act other th3n any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination., or the accoun15 have not been P￿ pared in accordance wth the methods and prirriples of the. Statement of Recommended Practice for accounting and reporting by charities lapplicatje to charities preparing their accounts in accordance with the Financial Reporting Slandard appIl￿ble in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in connection wth the examination to which attention should be drawn in this ￿port in order to enable a proper urKterstanding of the accounts to be ￿aChed. This report is made solely to the charivs Trustees. as a LM)dy. in accordance with Part 4 of the Chaflties (Accounts and Rewrtql Regulations 2008. My work has been undertaken so that I might stale to the charilqs Trustees those matters l am required lo state lo them in an Independent examinerfs ￿pOrt and for no other purpose. To the fullest exlenl permilled by law, I do not accept or assume responsibility to anyone other than the charity and the chariws Trustees as a body. for my work or for this report. Signed: Dated: aA Zoz Karen Rae FCCA First Floor East Bridge Mills Stramonqale Kendal Cumbria LA9 LUB age THE INGLETON RURAL COMMUNITY ASSOCIATION STATEIAENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Tnlal funds 2024 Note Income from: Duri j¥UIIIiSIiIè(ij 2.5 Government grants Govemment grants relating lo tangible fixed assets are treated as defeffed income and released lo the Statement ol financial activities upon the completion of the relevant performance-relaled conditions. Other grants Ihal are not siRhje¢t to performance-relaled conditions are crcdited to the Statement of financial aGtivities 88 Ihp. oranl prnftppdg 2fK* roryiiigd. nJrJntE rocoi'iod prior to Ihc rgvonue recognrlion criteria being satisfied are recOgnk￿ ab a liability. 2.6 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity,. thi￿ is normally upon nottfication of the inteiesl PÉ4id or payable fjy the institution with whom the funds are deposited. 2.7 Tangible fixed assets and depreciation Tangible fixed agsels costing £250 or more are caprlalised and recognised when fuluie ewnornic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition. under the rosl model. tangible [￿ed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All co818 inrJJrred lo brin9 a tangible fixed asset into its intended vworking condition should be induded in the measurement of cost Deprecialion is charged so as to all(￿at8 the cost of tangible fixed assels less their residual value over their estimated useful INes. . Depreciab'on is provided on the followng basis= Freehold property Long-lerni leasehold property FiXtU￿S and fittings 10% 2_100/0 on cost 4% on cost 15% straight line 2.8 Debtors Trade and other debtors are recognised al the setdement amwnt after any trade discount offered. Prepayments are value(l at the amount prepajd nel of any tr2de discounts due. 2.9 Cash at bank and in hand Cash al bank arTd in hand includes cash and short-term highly liquid investments with a short maturity of three months or les5 from the date of acquisition or opening of the deprjqit or srmi13r account. 2.10 Liabilitip_s #nd provisions Liabilities are recogniseij wlieii Ihere is an obligaiion at the balan￿ sheet dale as a result of a past event. it is probable that a transfer of economic benefit will be required in settlement. 2nd Ihp. amount of the settlement can be eslimaled reliably. Liabilities are recog?isee at .:he amougt thai the charity anlicir)ales Il 4NIll pay lo sel'.le the debt or +he amount It ha• received as aGvanced payiiie57iS ivi Ilie gooos or serv￿e5 li niusi provide_ Provisions are measure(J at the best estimate of the amounls required lo settle the obligation. Where the effect of the lime value of money is material. the provision is basg.d nn the present value of those amounls, discounted at the p￿-taX discount rate that reflects the risks specific lo the liability. The nwinding of the discount is recognised in Ihc Statement of financial activities as a fin8iiLe cost. Page 10 THE INGLETON RURAL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles (contlnued} 2.11 Financtal instruments The tharity only has finanaal assets and finartial liabilities of a kind that qualrfy as basic financial instruments. Basic financtal instnjmenls are 1niu.alty recognise(J ai Iransaclion value drid bubsequenuy measured al their seltFement value wth the exception of bank loans which a￿ subsequenuy measured at amortised cost using the effeclive interest melhod. 2.12 Fund accounting General funds are unre51ricled funds vhich are available for use at the discretion of the Trustees in furtherance of the generdl objectives of the charity and vthich have not been designated for other purposes_ Reslricted funds are funds 7Ahich are to be used in accordance wth specific reslriclions imposèd by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the spec¥fic fund. The aim arsd use of each ￿strICted lund is set (Kjt in the notes lo the financtal slalements. Investment income. gains and losses are allocated to the appropriate fund. Income from donations and legacies Unrestricted Restricted fund5 funds 2025 2025 Total funds 2025 Total funds 2024 Donations 3.441 41.016 39.878 13.000 Grants 3,441 41,016 44,457 52,878 Total 2024 14.310 38,568 62.878 Page11 THE INGLETON RURAL COMMUNITY ASSOCIATION NOTÈS TQ THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202S IncomÈ from charitable activittès Unrestricted funds 2025 Total funds 2025 Tolgl fvnds 2024 In￿04)7￿ fiuiri charltablÈ 3c.livitses - Community activitte$ Income from charitable actrviltes - Sports facilities Income from d￿rital￿e adivities - Swimming pcM)I 4,623 5.716 68,518 4,623 5.716 68,518 7,175 5. 199 84,092 78.857 78,857 96,466 Total 2024 96,466 96.466 Investment income Unrestricted funds 2025 Total funds 2025 rolyl funds 2024 Bank interest re¢er¥able 565 565 429 To1812024 429 429 Analysis of expenditure on charitable activities Summary by fund type Unrestricted funds 2025 Restricted funds 2025 Total 2025 Total 2024 Community activities Sports facilities Swsmming pool Other 14.165 32.513 12,365 5,8ur 46,678 17.619 79.237 6,669 57.084 18.846 105,618 2.570 5,254 73,430 6.669 99.518 50.685 150,203 784.058 Toral 2024 130.601 53,457 184.058 Page 12 THE INGLETON RURAL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysi5 of expenditure by aGtivllies Activities undertaken dlroctly 2025 Support Totsl funds Tofal fiJnd.* eosts 2025 2025 2024 Community activities Sports facilities Swimming pool Other 46.678 17,619 79,237 46.678 17,619 79,237 6,669 57.084 18,846 105.618 2,510 143,534 6.669 150,203 184.058 Total 2024 181.548 2,510 184.058 Page13 THE INGLETON RURAL COMMUNrrY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis ot expenaiture i)y aGiiwiries jGoniiiiu&d) Analysis of direct costs Community activities SF)Orts Swimming facilities pool 2025 2025 Total funds 2025 Toiai fvnds 2024 2025 Staff cosls Depreciation Utrfilies Insurance Telephone Newsletter Repairs and renewals Sundry expenses Contribution to Inglelon Parish Council Chemicals Commission Postage and slalionery Cleaning Merchandise and branding Profivloss on disposal of fixed assets 31,880 11,012 19.885 3,931 31,880 25.024 20.846 5,527 119 33,270 25.309 44,510 3.824 237 842 tO,288 7.681 1,647 (847) 825 59 12,365 1,808 771 1,925 6,492 1.106 1,925 11.174 2.073 2,575 70 2,107 897 10,000 4.747 2,8T3 2.367 106 4.703 2.387 726 4.703 2,387 726 352 352 648 148 1.837 1, 102 1,611 100 4.814 Licences 2.312 2,312 493 Training Website costs Craft Club Gala Fund Gymkhana Isavealife 493 618 646 300 1,264 300 560 2.254 252 2.254 252 Inglelon in Bloom Tourist Information Centre Vi112ge Band Ingleton Events Centre Improvement Allotments Covid 19 2,220 217 2,220 217 3.643 769 1.314 23,985 1,314 23,985 100 1.527 850 21.778 1.311 21b 79.237 143.534 Tolal 2024 57,084 18.846 105,678 181.548 Page 14 THE INGLETON RURAL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expenditure by a¢tivities (contlnued) Analysis of support costs Total funds 2025 Totsl funds 2024 Other 2025 Telephone Postage and stationery Room hire Accountancy 177 1.200 2,112 3,180 356 609 432 1,113 1.200 2.112 3,180 6,669 6,669 2.510 Total 2024 2.510 2,510 Staff ¢osts 2025 2024 Wages and salaries 31.880 33.270 31.880 33.270 The average number of per#ons employed by the charity during the year vms as follows.. 2025 2024 No. qwimming pool staff 17 22 No employee received remuneration amounting to more than £60.000 in eilher year. Ouring the year ended 31 March 2025 there were no salaries paid lo key management personnel (2024 Nil). Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2024 - £NILJ. During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NILJ. Page15 THE INGLETON RURAL COMPJIUNrrf ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Tansiblc tixed ?s?eis Long-term leasehold property Short-term leasehold Fixtures and property fittings Freehold property Total Cu¥( vi Vdludlivti At 1 April 2024 252,648 208,788 11,261 99,476 572,173 At 31 March 2025 252,648 208,788 11261 99.476 572,173 Depreciation Ai 1 April 2024 Charge for the year 120.272 13,662 88,001 8,377 85,072 2,760 294.789 25,024 225 At 31 March 2025 133.934 96,378 1.669 87,832 319,813 Net book value At 31 March 2025 118.714 112,410 9,592 11,644 252.360 At 31 March 2024 132.376 120,787 9.817 14.404 277.384 11. Debtors 2025 2024 Due within one year Prepayments and accrued ￿n￿me 7,509 1,925 7.509 1,925 12 Creditors.. Amounts falling due within one year 2025 2024 Accruals and deferred incomp. 3,180 1,636 Page 16 THE INGL￿oN RURAL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH 2025 13. Financial instruments 2025 2024 Financial assets Financial assets measured at fair value through irthme and expenditure 60,062 65.402 14 Statement of funds Statement of funds - cutTent year Balance at 31 March 2025 Balance at 1 April 2024 Income Expenditure Unrestricted funds General Funds 167,209 82,863 {99,518} 150,554 Restricted funds Isavealife Village Band fund Mulli uso gamès artya Swimming pool changing room fund Disabled access P(K)l Development Fund Aulumn Festival Fund Inglelon in bloom Gymkhana Tourist Information Centre Lenlre Bingo The Big Sing Keep Fit Inglelon Events Centre Improvernent fund Coaft Club C)212 Fund 1,318 453 46,258 2,053 1,500 105.153 3,639 850 131 {252) (217) (12.365) (746) (451) 14.610) 1,197 336 100 33.893 1.307 1,049 100.543 3,639 2,010 2,380 2.885 1,160 12,254} (2.220) 1.939 3,166 500 (100) {413) (1,314) {23,9851 (3001 (560) (898) 400 424 685 837 839 Z4,095 1,160 7,519 300 7,629 2,000 728 5,113 1.431 6.553 1,261 DDay 175.868 41.016 {50.685) 166,497 Total of funds 343,075 123,879 (1 50.2031 316.751 Page 17 THE INGLETON RURAL COMMUNtrY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDFD 31 MARCH 2025 14. Statomènt of f unds (contintse(ij Statement of funds - prior year Balan￿ al 31 March 2024 Balance at I AK¥il 2023 Income Expendilu UnrestriGted funds General Funds 186,605 111.205 (130,601) 167,209 Restricted funds Isavealrfe Village Band fund Multi use garnes area Swimming pool changing room fund Disabled access Pool Development Fund Autumn Festival Fund Inglelon in bloom Gymkhana Tourist Information Centre Centre Bingo Keep Fit Centre Improvemenl fund Craft Club Gala Fund DDay (290) (769) (7 1.502) (746) (451) (4.610) 1,318 453 46,258 2.053 1.500 105,153 3,639 850 1.102 57, 760 2.799 1,951 109, 763 3,639 T50 120 {200) (4.364) (3.643) 3.796 4.201 990 7,939 1,387 1.413 3.834 400 2.846 597 24.803 (850) (21,178) (700) (4.814) 1.160 7.519 300 3.968 728 2,000 728 190. 755 38,568 (53,457) 175.866 Total of funds 377.360 149. 773 (184.OJ8) Page 18 THE INGLEfoN RURAL COMMUNrrY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 15. Summary of funds Summary of funds - current year Balance at 1 April 2024 Balan¢e at 31 March 2025 Income Expenditure General fU￿S Restricted funds 167,209 175.866 82,863 41,016 (99,518) (50,685) 150,554 166,197 343.075 123.879 (150.203) 316,751 Summary of funds - prior year 8alan￿ at l Aml 2023 Balance al 31 March 2024 Income Expendilure General funds Reslricled funds 186,605 190. T55 111.205 38,568 (130,601) (53.457) 167,209 175,866 377.360 749. 773 (184,058) 343,075 16. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted Restricted funds funds 2025 2025 Total funds 2025 Tangible frxed asset5 Current assets Creditors due within one year 115,568 38,166 {3,180} 136.792 29.405 252.360 67.571 (3,180) Total 150,554 166.197 316,751 Page 19 THE INGLETON RIJRAL COMMUNITh ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR CNDED 31 MARCH 2025 16. Analysis of net assets between funds Icontinuedl Analysis of net assets between funds - prior year Endowmenl fvnds 2024 Restricted Unrestricted funds furKIs Total funds 2024 2024 2024 122,420 46,425 (1.636) 277.384 67.327 (1.636) Taryible fixed assets Current assels Creditors due wthin one year 154,964 20.902 175.866 167.209 343.075 Total 17. Related party transactions The Ingleton Rural Community Asqociation has not entered into any related party transaction dufing the year, nor are there any outstanding balances owing between related parties and the Iiiglelon Rural Community Association al 31 MarGh 2025. Page 20