REGISTERED COMPANY NUMBER: 01772963 (End wd Wal•sl REGISTERED CHARifY NUM8ER.. 287182 REPORT OF THE TRUSTEES AND UNAUDrrED FINANCIAL STATEMENTS FOR ThE YEAR EIIDED 31 DECEMBER 2023 THE RINGING WORLD UMTTED {UMrrED BY GUARANTEE) Park House, 37 ClAr6n Strt81 LE1 3RW
ERIN MITE IN Chairrn4n'• R•port 1 10 2 R•ptyl ofthe Tnwte 3 kn 6 Independ•nt examSnorf8 Rop(¥t B•l•nce Sheet Notes to tlw FIn•ncl St•tsmwrt• 10 to 16 17 ki 18
THE RINGING RLD LNITED LIMITED BY GUARAPITEE CHAIRMAN'S REPORT FOR ThE YEAR ENDED 31 DECEIABER 2023 Ringi1 acbvitTes remained stsble throughout 223 %%ilh 3.829 pe 16.519 quarter Feals Nng durfng Iho ye?r. Thls en8bbd the Boaol to tetter derStand revenue streams and e>yndiiure. Th8 sur¥8y coTrJuct&d in thg aaty part of th y8ar ga u6 infofflwtion on the appebte forthaTrJ&. Th8r8 Is dearty hkJh regard lorthew88kty publtc3lton t¥Jt there Is akn trrtere5t h a monthty publat and a dbJital, online fomaL On this basis V stsrt&Y owld these foffits alorssJe th& weekly PLliCation needs to rBmain as our fiag8hip wDYuct. (Xjr first brainstC1r Se& was hdd in Andover and some progress was modo but we al80 rpali8ed hthv difficum Ihkg appY(h is gotrMJ to te. This W1 rBmain a5 a in progres< Into 2024. Thanks to OW 9xcdent t8wn and Pyrnmtd Press Ire abl8 to ccffltlnue to WDdLKe a high qualTri magazlne throughout 2023. Roy81 Mail's perfrmnce, 811hough sliTh irh))nsisten( Vas inwoved on Ihe prevKJus year. P•rnonn•l At the 2023 AGM In Ip9•Ach we very rAeal to kOM Gareth t)avth to Ihe Boarf. Gefh bmgs a wealth of kn¢thQ and exp8rnnca bcrfh In b8UrfryifYJ bLrt as a bwE88. There Ire 8laff chaThJes (knrry 223 ar#a &xlunatO to 8n eyrnlkntteam by Will BowKfth. We are also very gra11 to ar¥onI08rS [rt thlth s(rflware dovdopnwrt 8nd datp888trwj corrections. l %w)uld ke to tharth Rthrd Smith and Bll Hl)bsrt for their on BolIr arKI a&fw8tgd 8<)thY8re. Ph IknyBe and Nigel Herr¥)tt fortheir tiffle resw)rylng lo BeMBoard corredw and user querigs and t)OLWJ Davis for Flnanco The MpanIeS flnanLXS heJ up Ihe yaaras the I[ of donallons was b(e by Inu888ed rfnglng octmty 8rDund rDyal everts. No incrpase was made to amual SU1pti rate5 in 2023 aTrJ a rrtsJ8st incteas8 took 6ffect from the &art of 2tr24. Postage rates ireas& by appMat 10% 224 aThJ have alreaty t£en noUfied of an in(xg889 ofover 11% fr(n 1 ary 2025. 8•llBoard dolopM In the first halloflhe ywwas foojsed the hwe aUnt ofrirvJNu TeSrJ BellBoard actiwty eypected for th6 Coronation. S8var81 charvJ85 to the thnt syst US to da8srfy events as ol putlic knterest, enable muNI- botch wional typeselllng. armytsth printed sn abbat¢ fom. e4>8nded set of perfomarte11ags gnablett tra¢kn"ng of pgrforman¢es of inlwest for varKXts f&W)ns. We nknwj lo the OSTKknt systvn to man&Je Sncomlng BellBoard mlls as a team. Al of Ihis Snad this C(xUrt to FYrKee(I wth 8 hvJh level of user engagernt and wHhout any kJSS (rf se. atk1 small team fInall a 92-e wwemnt of p8rfomanc6s arourKI ten day8 after the CorCation. 30,(X)O COrokn p8rfoThnar cerllfytss rè ¢AlOaded by th& ofsoPtwnr. We developed new PByPo1 ntryr¥tion lo rerN)ve aThJ WlUc• paym8nl 18g. There werè varfou8 small Improvements to Ihe ty. Athwli4ng 1$ ncmf IYKYO oUtomd. voth mulbplg 8nd t¥nod desiJn8 enabl&J', this is a growth area. Photograph hosUThJ was ax) iwoved. in part to enablo a cclbcKa0n vAth the Central Cou1,$ ngw P801 board database. vthich also iryroves 8811Board r8cordk88txrKJ. Th• r818as8 of th•'Flrst Y•arn' US8 Incl Lon9er-term prctyects in prcJress kndude an overall tl the dlary arNJ everts sytsm, rfrvJar IDS, and r9$1wthrfrvJ IndtJSrg 3 8eries ol low4evel IlJrarles to t)Ih Eb)ve's Guide and 8elBowd and te u[VI for other comparatle riThJing website p1
ITED 8Y THE Tho rnr wtAWon was Tr Volce crf the C#xwth: 88PA aKJ bolhlrvJw8 of th• Chur¢h of England. In collabora1t with Guld ol Cleric81 Rirws This thort brlume lIten by bgllriwwjirva dwyy 6xpknres riTrJiNJ's history, row¥ol8 end ofthe year wè la)&3 th¢'Fts HuTrJred Yews. USB. Tep4aang th¢ DVDS tlthkh have boon organiwj ty the Centr31 CtyJrkil fix year& We tJan lo sal annual issJe trfThJer An agraement whh the Slwp8 TA[ ha8 fed to us s•lSrvJ r¢mal stLx of iho l)ell trfy)ks &)r 8avoral Junties under wr'Herrtage pIAtions. kne. Ing a markoL rknging kn Cartts?. and Th8 Littte Rlr&¥J &x4(. alw Manrat4 event for all Ins%J. Ttr49 year 25 pwts3pat•J. wlth 8 teams ctir¥j rityJlTrJ methods 8nd 17 ruTrJ ty w220 yfAVVJ rfTrJer5 thr(xffjlwt thg day. Attendeès en1 a fill day a¢b¥06. in an a¥Yards (r8M * thg &wand MettMyJl Hall of pozas. Pln far 2024
THE RINGING WORLD LIMITED LIMITED BY GUARANTEE REPORT OF THE TrUSTEES FOR THE YEAR ENDED 31 DECEIABER 2023 The trustees or8 also dlrectors of the Ch for the pur[ ofthe cnprIeS Ac 2W6. preBerrt their re1 with thg flnandal stateThnts oftha chwty for the yw ondod 31 Decemtr 2023. The Iwstees hav8 aJopt&J the provis18 of AccountYwJ ReporOrKJ by Chwibes.. Statemenl of R9))Mndy Pryti app1Kab to wepamg the occounts in acoj1d the Flnandal RepNbThJ apFIKat in th8 UK Republk of [rand {FRS 1021 lthctiv8 1 January 20191. OBJECTIVES AND ACTIVMES Objectlves and ActlvStles The oblts for 4thSch the Go¥ryany WBS estsbftshed are lo womote and knter the art, anL1 histthy of b8118 8txI b811 ringing to b8lkingers and the general publ. particxlar by pUbltr ed11(1 m8terial 8nd higtorical wrhives. The main activrbes for Ihe year have contwiu&J to be Ihe wrJJuc4ion of Th& Riwing w, The Flnglrrfj INthld Dlary The RJrrfJlThJ wo Calandw, also OFeithn ¢JevelOpryt ofBeRx)anJ ¥J The National Y¢JJth ContesL Publlc BOnlt The priripa beneffts offer&l by the Ccrfnpany 1. Suppwxt and ofts of Wls of a magaang dsvotgd to rfrglng ITh$ Ringing Worfd). sthi¢h a1n$ rwrds ofriThJirMJ perfomèrw notiw Of19S of Mgers much InfomiatJn about bells and ringirYJ and KThJes a k)rum debate on thgiNJ tNC. 2. The regularputr4k)n In Rlrykng W(xkl (a v8rth Ofarti lo asd8t In ofrlrgku. Inclu(lirNJ 1icles on.. . The rewitsM8nt 8nd train9 ofrw rlwrs. . EdueAlonal naturn aim1 to asSt riry8rs at various stays of ab11. . Tho rèstoration. Maintènanc and e&p of rfngs of belL%' . Hlstory show prèsent day orS are o)nllnulThJ a Irafih)n of rIing a6 8 wiaised forn. . Legal and g(d pracbce i8gJes. 3. The publ0 of a iary for riTvJers. Wh C(tainS wlT, a(kn 0)nt d81 relatir¥J to the ri¥Thg of church tdL8 as eagty aCCbIe referer6 maknia. 4. Organisation {vthh Str bxal inwrt) ofa bgllrvvJiTrJ oJnteSttsriTh aJ80f18.Th8 NatlonalY(xth ContssL 5. Op8ratSon and d8vd0et of Bellb)ard - an wLth8sl¢yt. Ing 8rnJ 8rdy8lng of thging parfom7anc Tho benefidarfos are potlaty all Ih)se paate In or take an interest n lh8 rirrfjry of church Wl$. p8rfi¢ulorfy but Th)t exclusivety bells hg for rirvJ¥wJ fvl UTcle in the EnGrfith tradthi. AnyThie In reasonab holh ov8r thè age of 10 can seek to beo)me a rir¥Jer. It rs gsbmatsd that thwe arB 25.Cts>30.000 8(vg ringers. Of0M somè 2.3 are sUbsrterS to The RIng1j Wc¥ld. Bells huTrJ forringirrfj in Englith tradition ryxurtrThohLMrt Bribsh IS in certain (x)untrieB overseas, esFecldty the USA. Canth, Austr81Kg and zealaa. While the ts)st of 8ubscn'pliong to The R1rrfJTh W¢ld Is rrtt)dest 8ThJ trK18e on low Incomp8. many vtho are not subscribers rewj ¢x¥)w pxKched by othets on tfOltr barmj. c bgnoft fin thrwayE. ACHIEVEMEpifAND PERFORMANCE These Jre in the Ch8vm¥n's Ip•Jo$ 1- 2 FINANCIAL REVIEVI PrInpaI fundlng sle In a¢jdOn to Irme frcKn Babs ofThe n91[va wd. the ary. the CeIaT aTrJ oth8r prodLLts aTrJ from advertiser8, thè Company has rec8ived gon8rS donatmjns frc¥n reèJersaThJ sp( amounti to £67,17312022 .' £54,554) Inv•stmont pollcy The majority of the COmS resevves have been &counts 71th Ihe COIF Charltl85 Depr Fuw¥J M&G Charity Investments and Ihe Unried Trust Bk at inlerest Tates of around 5%. These ftmds are prote¢te(l und&r the Finanaal SeNces Compensation Stherr*. In March 2022 Bo8rtl in¥esbMnts %54th KI&G Illxed Int$¢ fiJnd)and CCLA Ilnveslment fund) th6 am of oaming a hTrJher rglum k09rkna rtsk 89 1(M 88 wsgblg. Thg Board thése 88 lory temi i)¥esbTrÉnts 8nd ar8 N)t to bè r8alts8d In th8 short tami. Page 3
THE RINGING IVORLD LlPItTED LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENOED 31 DECEMBER 2023 FINANCIAL REVIEW R¢8erv•$ poll¢y ArisiThJ from SU$ thg Income and ExKxliiuTr A(Lrt th& resew at £224.737 8ftor alkxvan¢e of£135.&)1 has been made for cred5th' ¥rUnIS faUtr& due lthln ona r. Thè mah dernnt of th18 allowance Is for prfrpal The reserves Of¢ywa$ rethd in 2015 and K8 rKMtrJ be Ae atanytkne to C0Cl an or(lety shutdown ofth8 busine88 WOut Tecouw to Ihe pledged mem[S, fiS to dea ilh SilfiCant co. Thg Direclors do not enSage any TC[lstsnCeS vthereby have to be sfvjt dcthn with less than 3 nnIhs, no11. Based c GrServa"Ve recalcuLilon of detailgj shut d(Mm cosls. the t¢Ard salyed on a MInNl resarvas lev81 of £110k for 2016. In partthis refflected the offe lease CadIati costs. The office kase Ims been ren&Ad wlth shorter break periods. The rnlnimum reservgs level need to be 1cLal twjt il Is unlkety to me a matertal dItrer8o. Ev8n afterth8 )In8[91 defK>ts ofthe past yeaTr, the resoms remain sUfftt to cover this minimum l&v81. FUTURE PLANS Se8 Chaimi8n'$ RèrorL srRUCTURE. GOVERNANCE AND MhJ4AGEMENT Govemlng docunnt The oryanisation 18 a chwitslje company Irrthl by guarwkne. as defmed by ts CoThpanles AL 2006, IncorFJrdted on 12 May 1983 and registeffjd as a caiity on 21 Jurn8 1983. The company was estalsed under 8 Memorandum of AssorAalion which 8stsblishwJ the obieth of thB cwltabl8 company and is gov8m&J under its Artides of A$s81)n. The Memcrandwn of A880ciation was last rpwsed 7 September 2019 to amend the Charrvs objects to promote and fo8terthe art. saenco anil IN&oryof be11s8nd b811 riNJing to bdlr¥w5 arnlthegenaral pUbc, and in partlojlar by publi%hing edu¢8tion81 mat8ri31 htsknri¢al 8rthrvg8, fa(ilit8tirg corrrnurycalron, 8rwurj9 putrAic interest ar unlory the wiThJing o)Th¥nunty. The tiCle30fASXrtj8n werp reviJ in 2(M)4. In the eventofts company Und up mgmbws are rgquirgd to ¢onlribLrtg an arrKKrt not ex(wJiThJ £10 e8th. The dir8Ctots of the company arè akn charfty tfust8•s for thè of ch L¥. Undèr wuir8m8nis of tho Memorandum and Attrles of one-third of thg TnJ8tee¥ e8th year and may offer th8m88lve8 fr)r re- 9cthn. Paul Jopp and Graham Lay retre by rrrtakn and s09k rothI. The TN6tees are £1 by members of the conw at th8 anrnMI nlIJ. NclnrS arg normany w8ctigro b81 ringers. Efforts a me to engjre that those MOnthd havo suth skjlls as are rgqulwj to mggt any Identrfied skill short&Jes. The Trustees may appoint pwsoTh8 to be twslees on an interrim basr6 to fdl valeS. Oryanisational slnKture The Board of Director5 meets al knl knjr tiThs a year aTrJ Is re¥nSIble for Ihe dI[tiOn and of th8 charity. There are rren0y 81¥ directors from a variety ol professtonal bacwrKls relevant to the of the charity. Day to day respOnlity lor the woduction of The RingiTrJ Wortd. The FlrrfJiThJ cd Otary and The Flnging Worfd Calernsar rests vath an Editor, reports to Ihe chaInan. He super¥ise5 other staff aKI erwres that tlw cononue to develrys their 8kills and w(Ykry line WTth 9>)J pIKe. Inductit)n #nd trnIng ol rbthv tru•t• Naw twstgès are n(mlly rB8d8r8 of WKJ Sublr8 to The RlrvJtry Wortl. MosL Lt Th)t all. are OT wpre m8mber8 of the C¢)mpany and, as s(Kh. are tsmiliar %biU) Its Companys 8(v11. As £th)n as rrt)ssb aftwapkX)intment new ITUStees slt the Company's offices to meet the aff and to leam atrt the prtKesses invofved in prOdtIOn ofThe RinglwYJ Wodd. Th8 Ringing Workl Llary arKI The fvrKJirwJ Wixf(J Calendar. They 3180 rnegt %siih th8 Chwrm3n and (thei truee8 a rdelrdnt to dtscuss the 8xtsnt and nalLN8 of lh"r mlè. The Company Sècretary rKw4 nrt(S Chaiity COMMISOn website and its Alertiro Faolty to keep up to date vAth chalty char@&s and pa8se$ the InfrnalI0n on rgJul8rty. If it is felt approprfate. extsmal traSnfvJ In ts role and iesportslbllues of a charfty tritste& V+lll be made avaIlab. Relat•d partS•9 The Company works dogety wilh the Central CnCIl of Bell RKw8 (iStered ctharity . 2700361. Th mernbers of the Conwany a those rn8mber5 of the Cethl have iThScated a w111ne$s to b8 Company mambers. The FlrIg WrKkJ is used to the *ork ofthe Central cn. The dnt ofthe Central Coundl is kept Infonned ofvhwt The RfvjJ Wortd Is dc4Th3 ixrt kywatterbts Bc4rd rns.
THE RINGING WORLD LIM LIMITED BY ARANT T OF THE TRUSTEE REFERENCE AND ADMINISTRATWE DAlL$ Regl•tsrod Company numbor 01722963 {England and Wales) R•gl8tsred Charlty numb•r 287182 R•91st•r office 358 Hlgh Street H8mp8hlr8 SPI0 1LJ Trust•88 MrGRDLay Mr R D Crfghton Ms E R AinsYJrth Mr P Jopp Mr G M Bradshaw Mr G Dav {appoTrtt&J 2 Seoember 2023) Company S•u•tOry Mrs M Bone Inthwthnt Eumlner Matlhew Smith ACCA Torr W8tsrfdd Chartered Aotants Park Hou89 37 Claren( Street Lekest LE13RW S•nlor manag•m•nt tsam W. T. BosKor1h- Edltor
THE RINGING WORLD LIMITED LIMITED BY GUAFtANTE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 STATEMENT OF TRUSTEES, RESPONSIBILMES The tnJsiee5 (who a also th2 di1015 of Tr RiThJirJ Lintyj forthe purptses of ujmpany lawl respDn5ib for prepariThJ the Annual Report the ffinanoal Slatements im &cordatKe vthh 8FsrfKabk law and Unrted Kingdom Acc4Junlmg StsTrJards IUnit8d n9dcffi Gerwalty Acc&Y Accounb"ng PcO"cel Comp8ny law the truslee5 to weparo fmar1 staknnenfs for each fmancial >rh1 give a tnE and faw view of the stste of affair5 of the charitsNe wnpany and of the irw71ing resources and app&'cabon of sources. Induding the incLxm6 expenililure. of the charTtatrJe company for that Ped. In weparing thcffje finaTh statents. Ihe tru5tee5 aTr r8quired to seknt suitable a¢country wllcie5 and trn apply th co8, c4)$8r¥e the meih(Kls prinupks in Chonty SORP., make judgements estimate5 that a reasonab arKI pnhyent prepam the financial ststements the gc¥rJ tsrn bas Urtess rt Ys in8ppnwrfa to presumè that chorith tompany will conts.nue In bJsrw. The trustees are TEsponsbkn fw kewng PWDFer accounting which thsdc68 wsonth a(aCY at any lknè the financial posrtfion of the oynparty and to en)18 them to ensure Jhal Ihe finarKAal ststements Comply with th• CompaThe5 Act 2(Th. They are abo for safeguarding the assets of the (8[Ttab c(xnpany anrl honce t&king reasonabk st8F6 for Ihe pre%ntv)n arK1 delwlK)n ijffraud and other ryuTr8rib85. Thts r8P¢Yt has been prepared in ¥h ts Sp80 pmvtsth$ of Part 15 ofthe 2Cth rekits.ng to small ctrmpans ApproThJ by order olthè board of on 30 24 and s*JrW w its tshaf by.. Mrs M Bonè. Secretsry PwJè 6
INDEPEPIDENT THE RINGIIIG WORLD LIMITED Ind•p•ndent •xamln•rf8 r•port to th• trust•o• ofTh• Rlffjlng Worfd Untsd fth• Resp(sIbIl11l and baBl¥ of As the charitys trustees of1he CCpanY (and it¥ Fwrposes of(nY lawl we respble Havlng sat15tsJ mysewthat th8 acu)unts ofthe ComF•)y affj not wulr&J to be audited Part 16 ofthe 2006Ad orKI are ejp310 for indepeThJert examirolix, I feKxyI in 194)e¢t cl my gxamlnallon of yow cL)nyan6 as c¥rri8d rAJI undgr¥ection 145 ofts Charts3A(a 2011 2011 ACVI. In caffyiry mya¥anlnakn I have ftthwad the Thrnciion8 giv ty th8 Charity Commi85ion LWKlgr8eclw)n 145(Sl Ib) ofth$ 2011 IndependBnt•XaMlno •l•t•nnt Since cc¥np8ns gross In¢offe exc•&le(1 £2.[mXl swexamlner must be a memb8r ofa t¢•118twJ In 8eckn 145 of the 2011 Act. I i¥n (x)nfrtm thAt l am qualT to dart the &Yamlnatlon b8wse I 8 rog8tw•J MbOr of Institute ofthrt8 P¢¢ountsnts In Ergknj and Waks one ofthe lis bc#J. occ¥wnts do not Cor viti Ihe )urJ of 396 of the 2006 Act other than any requlremerrt that the mts giwti 8 In MI falr nota a8 PArtofan indep8Thlenl examlnakn.. or the aCLts have ncrt been wepared in )rfale vAth th8 m•1MIS 1 winciptes crf the Stslernent of R9mMded Pralc? for arkj 1]I¥J by ¢hanligs lo ¢hoJlt prepar thelr accounts in acCca *qth the Finar481 RwtiTr3 Stwxjard the UK and Repubk ofltsknd (FRS 10211. be draw in thi8 rert In tsrtsrb) eroble • UntsrntWlrJ offv to be ACCA Toff WateffieKI Chartered AcntsTrts Park Housa. 37 claren Street LE13RW 30 Juty 24
THE RINGING WORLD LIPArrED IMITED BY GUARANTEE TATEMEKr FINAN ANIN TIN EAND 2023 Unrg•trlctod fund 2022 Total funds INCOME AND ENDOWMENTS FROPA [k)n811(S and re5 67,173 54,554 Charita>l• actlvltS0s The Rlroiry World Tho RyvJiJ Wortd Diary 194.805 18A31 198,557 14,448 Cthrtr8diThJ aclmbes Imstsnènt ints) 44.073 2,020 4.879 Total 341,353 313,652 EXPEMDITURE ON Raing fijnds 786 37,163 Charftabl• actl¥lil•s The RiThJiro Wortd The RingiThJ Wc¥ld D* 255.139 6,876 240.229 314801 284.340 Nèt gain81 (los) on Inv•otm• 7.587 2,987 NEf INCOME 34,139 26,325 RECONCIUATKIN OF FUNDS Totsl fund• brought forwwd 190. 164.273 TOTAL FUNDS CARRIED FORWARD Page 8
THE RINGI WORLD LI UMtrED BY GUARA14TEE BER 2023 2022 Totsl funds fund FIXED ASSETS T8ngibl& 888ets Invethents 12 77.013 S4,t2 77.015 CURRENT ASSETS stks Debtor8 Ca 8t bank and in harKI 13 14 12.887 14,002 249.077 12.559 11.895 214 139 275.966 238,593 CREDITORS ounts falliro due 1n one year 15 1135M311 1125,010) NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT UABIUTV 224,n7 1•.598 NET ASSErs r24.n7 1.598 FUNDS Unrestric&J fijnds 16 190,598 TOTAL FUNDS 224.737 190.5P8 The Chan13b company is wUll•1 to stA)n 477 d the Cryanies 216 for tha ygar ended 31 Dember 2023. The members have Th)t r8quired th8 coffpany trj obtain 8n aLK of its finand81 staterwts for the year ended 31 Dernber 2tr23 In accordance vthh S8¢kn 476 ofthe C(xnparigs 2006. The trusteos ackn0 thok resp)n&blit {a) suiing that the charitat4e keeps reo>ts that cynrty ¥41th and 387 of the Companles Act 2006 and preparing financaal strtents gNe a b)Je and fair of the state of ofthe charitabb company as at the end of each finarKial year and of ils (x (kftlt for each f6nancial year in aC(a)rdar wilh tha requirernents of 394 and 395 aThJ %%thith 01h8Th Comp with th& r8qUWgmgnts of Ihe C(xnpani95 (bl These financlal strtsmerts been prepared in 1rdance Vith the FOV appliatAe to choril&41è u)mp8nN Subit to thg small compatii8s lMe. finantial 8tstsments 8PtYoved by the Board of TnJBt88s arbj aullK¢W for 30 Juty 2024 wer8 gn8d w its baha by: £14 - MrG M Brad8haw-Tn The Th)t8s f(m trt ofthe8a fin481 *aternents Pag8 9
THE RINGING WORLD LIMrrED UMITED BY GIJARANTEE NOTES TO THE FINANCIAL sTATElPs FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNllMG POUaES Basss of pr•parlng th• flnandal Stat•MlS The finarKial statemerrts of the CharItsb Comry. is a bOffl ontsty undor FRS 102. have bsen prepargd n )rrfanGe vitth the Charfll95 SORP (FRS 1LY21,A0rrt1r$ a1 Reportjng ty Charftses.. Statement of Recommended Practice aFVIKaa to charlS preparing their a££ots in TIh thty Financial Rgporbng Standard applut4e UK and Republ of Ireland IFRS 1021 leffecfve 1 JAnU 20191,. Flnandal Rewitib Stsndard 102 The Flnandal R8Fm StaTrJard appIab in th9 UK W Republ of Ir9knd' and thg CcnpanlgS Ad 2CQ6. The fi¢1 statements have been prepared under the l¥sknital ccLst conventftjn. The finanrAal statern are &Yested in Stthu. is also th8 fndknl cwrancy the ¢>)mpany. The finan(¥al statements have b8Bn plred a gdng 0)8M as thg In*t99s beljgvo that no matgrfal un¢ertainlies exist. The trustees have COndered the levd of funds hekl and the expeded Ve1 of Inu)me and expenditure fw 12 rnonlhs aubknrisir¥J ih888 financ4al slatemenl& The IrKonw aThl 8XPondlture18
ACnt wrth th8 levd of8r¥e5 forthe thaiityto c(tinue as a gouvJ ccffl. Inwrr All Is regnl5ed In the stsle1rt of Hnancial Adith 0e the charity has ent[ll to the is probatde Ihat the (£¥ne wll bg the wnounl can be meawr&J reliabty. Don8t[c8 8ThJ IwJade8 In¢x)m6 IS1¥8 by way ofthjnakn and Is Irthled in in th8 stae[ntOfFlnal[aI r1¥ is deferreil each year. Other tradlro aclSth kncom& Is re1ved by way ofadthslNJ. n(rfi arnl methndise 8Tra is induded in in the Statement OfFInalat Acbvibes then I¥&e. Expendltur• Liabilities are rwised aseXPdtteaS asltw b a l&yl ¢0mItbr¥the chadty to that eXpendIre. h Is pmbable that a transf8rofKon¢ynt t$111 be rewirnd in settlement and the anounl of the obligation can mgasurJ rgliabty. Is acoxmted kn on An 8(xyuals b886 and tr8 b88n classffied under he•Jings that ag9reWe cost reLa to thè catogory. Wtrwv (x)sb ¢xnnot L 8ttribulgd to pathular headiros tsy have been anocated to actsvrbes a bask8 conslstent ¥th the use of resouffs. Expendtture on funds cnmprise the ojsls aSdated llh altractkng and 8wrkn9 Ivertlsements and nollc85. ExpenditWB on charitable lkne {tsInClrj ty th& tharlty eryof Ms atKJ Gov9rnan¢x costs no kjrwjer shown as a separate expertse category io thB charfty. The eyThJlture Is shown 88 a support cost and betven the atove eypense cakgoiies on a basis dwed to rellect the of the resource. The wN)ar8tiv8 fvJurn$ 8Tr 8djLthd accordNv. JI cost8 arg olkxoted betswn the eyp8rWJir8 of th8 Statemt ot Finandal ALwtie8 on a basi8 dasgnad to rèflt thè use of thg Ipsou. Costs to a parbuJL8r acknty are alh)cated directly. other5 are 8pW)rted an aw)mptlale bads. s )Sts Jt¢ated by the cunpany. on ts basis of a reasonab 9sUmats uslNJ Ikw areas. staff tmg an¢J tw. SupFX)rt ¢XJ6ts ar¥ no kwer 8N(Kd to governanc St& as a category expense. Supsx¥l cclS thot mere alkx8l ID govmrtè ¢x)* hw bsen fyallocated to xpendllur8 cfft r8tslr¥J funds orKI eXpWl1ur9 The c£¥nparatNe ffigur88 are adjusted cordiroty. Tanglblo flx•d aM•ts Depreciation is provided al the follcMrg anThJal rates in othlo write off eath assd (w ealmateil weful fe. PaJe 10 Cononu...
THE RINGING WORLD LIMrrED
UMrrED BY GUARANTEE
NOTES TO THE FIP4ANCIAL STATEIIENTS. ¢frfnu•d
FOR THE YEAR EIIDED 310ECEM8ER 2023
AccoupillNG POUCES. contInd
Tanglble flxed as8•ts
Fixed assets we stst8Y a ccist Tho rJ)stsof¥PKXt Irfp a58els. i11ra infornat)n
technology wuipmrt arwj minor a(hj[nS are rKJt Gaprtaltsed. ttpreuation is cakAJlateiJ the straight-nè
basis so as lo te off the cost ofeach asset over its exp bfv. in all ¢xses IB ethmated at 5 years.
In¥e•tments
Investments are reo)Jniged iiibalty at fairvalue 15 ncrfmalty Ihe transxlion Pr w¢lUdr trtion
CO8ts. Subsequentty, they are measured at fatrvalug ¢harvJes r88(1 n'rnt gains I IlosBes) c
inv83ts. in the SOFA rf the shares ar8 wblrdy or th04r falr Yu• can othorwisg bg rngasurBd rdkbty.
St¢¢k•
Stock fis valued 8t the kmr ofitt and nBt r&isable vakn and ccrf18ts of vathAB Worfd m8rchandi88.
Thèrè is rm) stttk (rriwJ foThvard for the Diary and CaleTrJar as th888 are not acUv81y math•tod after 1 Jwwary.
Tax•tF
Fund accwntlng
Unrestrfcted fiJn(Js Can be wed li ))rae the thaiitable atthe dwebon oftre trnj8t.
Reslrthd fvnds cfflly be ed frjr partkuLgr restr pur[ the objects ofthe charity. Restricuons
adso vknon Slld by the ( funts are rawj fr){ PartuLr reStsirt puCeS.
Furtrw explonaticrf) of th8 nolure 8nd purp08e of fund IB kn the rhjtes to the finonctal Blatem8nts.
Fornlgn currencSe6
Assets and liaknlities In for8bn cuffwKles are tsara10a t0 $1ot1iwJ at the rdtes ofexchange rullThJ atthe baknc8
Sheet dale. Transacltons in fwn ¢Lwwiesart ITansl8W into bterfing atthe rate 0fexCge njing atthe date
oftransaction. Exclwde drfferBrtt$ are taken Into accirtvtt n arfvrg at Iho wr8ting r68uIt.
Hlr• purcha•• •nd1&78Sng commSlm•nts
Rentsls paid under oper knes arn charggd tho Stat8m¥l of Fina481 Adivilies on a strawJhtJ4ne basLs
over Ihe perlod ofthe lease.
The tharitsble compwry operates a defined ccmtsibJtion pen%on ContrlxrtK$ p&atrI9 to Ihg charftable
¢ompanYs stherr are charged to ts Statenwrt ofFtnarKlal Advltsgs In the to %%uch they reLgts.
Trad• d•bl
THE RINGING WORLD LIMrrED UMITED BY GUARAI4TE NOTES TO THE FIPIANCiAL STATEME FOR THE YEAR ENDED 31 DE EMBER 2 2023 2022 nglrKJ Wortd Caler Adverlisernents arKI nDti¢ Sundry receipts misc81laruS prcJuctsalos 5.769 9,950 1.0 26.854 13.629 1.514 36.832 INVESTMEKf IllCOME 2023 2022 INCOME FROM CHARrrABLE ACTMTES The priKWI source for th& charitsble 8cbvrbes the subxrylKffi inccffie fDT The RirvJiThJ Workj which sparKs the year 99. An apprrwle ofthis inccffie is ¢frrred e year report&J In rKte 15. SUPPORT COSTS Infc¥mat)n tecnokxJy Human resources 1093 584 12,576 Thg RtngiNJ Wortrj 20.934 100.613 costs Totsl$ Othertrdding tstreS Th8 FlTring Wcrfld 213 1.20S 1.258 17.309 120718 2.341 138 025 Actlvlty to b• allcKat•d Management Infcrfmatlon tec( Human rosources Misce1OUS Staff eX[Se8 Govemanc• costs Costs allocation on thi baiA Iroor areas. #aff timè. usw otc floor areas. #aff Staff Fknf arg8S P)0 12 continued...
THE RINGING WORLD LNITED LIMITED BY GUARANTEE NO TO THE FINANCIAL STATEIAENTS. FOR THE YEAR ENDED 31 DECEMBER 2023 SUPPORT COSTS. contlnu•d Support costs. in the atwM. ¥e as fom: 2023 222 tradlrvJ Ringing Wc Totsl adivilieg Totsl aclivTbes Rent and seThKes Telephone Post6 and staticffl8ry 1.514 122 13,621 1.101 1,878 15,135 15,192 1,337 1.428 1,583 2,087 L 1111 481 83,537 1,786 1,534 1.030 3.075 774 3.750 12.096 258 84.671 1.810 1,556 1.205 98.787 Social $8cuiity Pensons Mlscellarwus Stsff gxpenses Trustee5' en AcCnt arm1 IjaI fees I,TT8 1.418 2.926 213 585 326 138 025 NET INCOME Net Ir 16 ststed 8ftw clwgiW(xeththJl: 2Q23 2022 Other oper8Ung 8¥e8 A(unnCY 11568 2.950 12.568 3.550 TRUSTEES. REMUNERATION AND BENEFrrs Th8r8 W8fe by) trustees, remer81M)n othèr the year ended 31 Dernbel 2023 nor fix the ye on1 31 Dnb2022. Try•te. expen•e• 2023 2022 TT4 Travol costs aTrJ dthr¥wnts aTrwuntir¥J to £1,632 (2. £7741 rnhrtMJrd to 5 truste8s {2022. 4) STAFF COSTS 2023 WaJes and saa Soual Urity costs Other pensiC CO 83.537 1.786 1.534 2,068 1.778 100 013 The 8ver898 monU4y ntThb8rol emp during the yearvra3 as 2023 2022 Editorial and •jnistration P•J8 13 conllnu&J...
THE RINGING WORLD LIMITED IMITED BY GUARApifE FOR THE YEAR ENDED I DECEMBER 2023 STAFF COSTS- continu•d No 18 ld moTr than £60,Cth per. 10. COMPARATIVES FOR THE STATEMENT OF FIIIANCIAL ACTlVtnES 11. TANGIBLE FIXED $SEr3 to Computsr equipment Totsl$ COST At 1 J&)uary 2023 and 31 D)ber2D23 DEPRECIATION At l January 2023 and 31 Da(ber20ZJ 8.087 NET BOOK VALUE At 31 rntser 2023 At 31 Dart2022 12. FIXED ASSEf IllVESThEiifs Lislad Inv8slm8nts M*JiKET VALUE At 1 January 2023 77,013 DisposaLs Rèvaluatbns At 31 0mber 2023 BOOK VALUE At 31 Decerrtjer 20Z3 At 310ener 21Y22 All11Stl InVestrnts are hebj kn urll t1& 13. STOCKS 2023 2022 Stock of merchandlse 12.887 14. DEBTORS: MIOUNTS FALLING DUE ONE YEAR 2023 2022 Trade d8btL¥8 ft aml lax reca)verab PrgpayTngnts and accruod Incc¥ne 2,898 5,753 2.214 4.947 4.734 Page 14 tinU8d...
THE RINGING WORLD LIMITED UMITED BY GUARANTE TEST THE FINAN YEAR OED TATEMENTS. 15. 2023 2022 14392 4.603 1.171 931 3.747 99,362 VAT Other ugJi¢ors SUbsP110ns recelved kn athrn 1,652 4,134 100,536 135 125010 MOVEMENT IN FUNDS N8t At1.123 fundB 31.1223 Unrestricted funds Generdl fijnd R8v81u8thx Re8eTre 193.585 (1987} 2QS52 7.587 220.137 4600 TOTAL FUNDS Net movement kn fiThJ8. knc4uttsd h) th& abo¥e a8 fokA.. InwniThJ R88(NJrce8 GaIr and sses Movement in fd8 Un¥MtrScted funds General Fund Revalualhm Re8eThe 341.353 (314.801) 26,552 7.587 TOTAL FUNDS 314 C¢xryMrnli¥os f¢f nkn•ment in fun At1.122 in fijnds 31.1222 Unrnslri¢l•d fvnds G8neral furKI ReVaaan rwerve 164.273 29.312 {2,9871 193,5B5 12,9871 TOTAL FUNDS 164.273 26.325 190.598 Comporntive net mo¥enYrt in irKgLx18d In th8 atove atB a8 foknvs: funds Unmtrlct•d fundB Generdl 313,852 1284J40) 29,312 TOTAL FUNDS Page 15 cbnued...
THE RINGING WORLD LIMITED UMITED BY GUARANTE hlOTES TO THE FINANCIAL STATEMENTS- FOR THE YEAR ENDED 31 DECEMBER 2023 17. TLItsI fuiuro finan081 coffmthnts. gU¥rant ar¥1 (xJthFvJww a Tt indu in tho bakn¢x sheèt amount to £10.250 (2¢Y22.. 20,500). This amount is in wÈl81iM to 0rating ¢tyyMnitMèr whi¢h arn p8yable lh9 ngxt >par. 18. RELATED PARTY DISCLOSURES Donaltons lotalllng £M {2022: £8801 Ibere from kntstee in restw of The RingiThJ wo1 NaUon81 ULTIIAATE CONTROLLIIIG PARTY Those MnbarS ofthè CtraI Counol ofchunth 8811 Ri¥J8rs have indi(W thw%%ill1rKJrIo b6 rtbers of the drItable c(xnpa)y eledthè of Dirwjors to a¢1 C thr bwlf. Page 16
THE RINGING WORLD UMrrED LIMITEO BY GUARANTEE DET TATEMENT EYEAR ENDED F FINANCIAL ECEMBER 2 2023 2022 INCOME AND ENDOWMEpirs Don•tions and legacie• Donatlons and legactes 67,1n 54,554 Other tr8dlng aCtMII Ringng W(Mld C8lèndar 8,490 "13.629 1.514 5.769 9.950 Sundry receipts MI11$ Wrlt 8dss 26.854 S8,265 44,073 Invgstrrnnt Incom• Intsr8st rBceivab 4,879 Chrttabl• actlvltl•• Postsl SLts¢rib8rs Newsagerrts Sale of drdries 194.289 336 18.431 198221 336 14.448 Tal Incomlng r••ourc•s 341,353 313,652 EXPENDITURE other tradlng I¥111•• Calendar costs Promotions MiscdLgneous prcJuc Lxjsts 2.615 10,209 22.652 2,340 6.208 35,476 22,030 Charltabl• actl¥ttl•s Printing.. The Ringing Worfd Franking Composliro Index pfyparatim (xts Diary costs Holklay c4)ver Bank (aryJes 64802 60.5TT 16,651 9SO 6.876 14.284 950 9.274 141.299 140,3 Manament Rent and seNce8 Tdepho Postsga tTrJnary Offlce S8 15.135 I5,12 1,337 1.428 2,087 20.935 19.540 This pwJ& doe8 notfr)mi of1h8 8labJtoryfjnaMaal ststa1 17
THE RINGING WORLD LIMITED P4trrED BY GUARANTEE 8fATEME RNANCIAL A 2023 2022 Inftymation technology Conwter costs 6.481 Wages Sc181 sècurity Penskjns 96.767 1008 1.778 83,537 1.786 1.534 100.613 86.857 1.418 1,030 Staff •xpon 2.926 3,075 Tru8teoS' gXFenses Ac¢ountsn¢y aNI ltyal fees 1.632 774 4.524 T{21 resources eyperKled 314 1 284.340 N•t In¢orrv& b•ft>r¥ gans I 29,312 Unr•alis•d gains I110sso$1 on fix¢d ass•t Inv•sln* Net Income 26.325 P•Jg 18