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2025-03-31-accounts

Company Registration No. NI31418 (Northern Ireland) Registered Charity No. NIC100009

RURAL COMMUNITY NETWORK (NI) (Company Limited by Guarantee)

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

RURAL COMMUNITY NETWORK (NI)

COMPANY INFORMATION

Trustees Raymond Craig
Patsy O'Hanlon
Frances Spence (Hon Secretary)
Arnold Hatch
Nicholas Moore
John Waddell (Chairperson)
Noelle Donnell (Vice Chairperson)
Rosemary Forde
Eimear Montague
Philip O'Kane
Karin Eyben
Hugh Hastings
Ian Patterson
Denise Kelso
Liam Campbell
Alan Poots
Corporate Management Team Kate Clifford (Director)
Kevin Traynor (Finance & HR Manager)
Company number NI31418
Registered office 38a Oldtown Street
Cookstown
Co Tyrone
BT80 8EF
Auditor David Lyttle + Co Ltd
Station House
46 Molesworth Street
Cookstown
Co Tyrone
BT80 8PA
Bankers Bank of Ireland
32 James Street
Cookstown
Co Tyrone
BT80 8LU
Solicitors PA Duffy & Co
14 Molesworth Street
Cookstown
Co Tyrone
BT80 8NX

RURAL COMMUNITY NETWORK (NI)

CONTENTS

Page
Trustees' report 1 - 4
Directors' responsibilities statement 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 18

RURAL COMMUNITY NETWORK (NI)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, submit their Annual Report and the externally independently examined Financial Statements for the year ended 31 March 2025. The trustees have adopted the provisions of the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 effective 1 January 2015), in preparing the annual report and financial statements of the charity.

Trustees

The trustees who held office during the year and up to the date of signature of the financial statements were as follows:

Raymond Craig Patsy O'Hanlon Frances Spence (Hon Secretary) Arnold Hatch Nicholas Moore John Waddell (Chairperson) Noelle Donnell (Vice Chairperson) Rosemary Forde Eimear Montague Philip O'Kane Karin Eyben Hugh Hastings Ian Patterson Denise Kelso Liam Campbell Alan Poots

Structure, Governance and Management

Rural Community Network (NI) was set up in 1991, as a company limited by guarantee constituted under the Companies Act 2006 and is a registered charity, number XR17297. Rural Community Network (NI) is registered with the Charity Commission for Northern Ireland as a Company Limited by Guarantee, number NIC100009. It is governed by a Memorandum and Articles of Association. The principal office of the company is located at 38a Oldtown Street, Cookstown, Co Tyrone, BT80 8EF.

The trustees of the company are its directors for the purposes of charity law and are collectively referred to as trustees. The number of trustees must not be less than 5 or more than 23. Rural Community Network (NI) is managed by voluntary trustees elected every two years and there are also a number of co-opted positions. The elected trustees include two community representatives from each of the six counties in Northern Ireland, two affiliate members from regional voluntary organisations and one representative from the statutory authorities. The co-options can be representatives from agriculture, disability and cross border sectors.

After each election an induction is held for the trustees. Areas considered at the induction include an explanation of the major areas of activity (including the current programmes of work), guidance on the governance aspects of a trustee's role, an introduction to the strategic aims over the two-year period and an examination of the main threats and opportunities facing the charity.

The day to day management of Rural Community Network (NI) is delegated to a management team headed by Kate Clifford (Director) which reports to the Board of Trustees 6 to 7 times per year. The Finance and Human Resources sub-committee oversees major areas of work and reports from the sub-committee are presented at each Board meeting. Written policies and procedures detail the decision making powers which are delegated to the staff and those which are retained by the trustees. The current Finance and Human Resources sub-committee has committed to working with the Board on an ongoing programme of review of policies which are used within the organisation.

RURAL COMMUNITY NETWORK (NI)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Risk management

The trustees have undertaken a detailed review of the major risks to which the charity is exposed. A major risk is around cash flow and the ability of Rural Community Network (NI) to meet payments due to delays in payments from funders. The trustees have considered this risk and have made provision under the Reserves Policy. Systems and procedures have been established to mitigate risk identified and strategies are being developed to minimise the impact on the community, should any of the risks materialise.

Background

Rural Community Network (NI) (RCN) is a voluntary, membership-based organisation dedicated to supporting rural communities across Northern Ireland. Our work addresses poverty, inequality, and exclusion through a community development approach that includes training, research, policy analysis, peacebuilding, strategic planning, consultation, and facilitation.

VISION Vibrant, inclusive, and sustainable rural communities whose contribution is valued.

MISSION To provide an effective voice for rural communities, particularly those most disadvantaged.

VALUES Community empowerment, social justice, collective action, equality, and antidiscrimination.

Achievements and Performance

The external independent examination of Rural Community Network accounts presented in this report comprise its results for the year ended 31 March 2025, detailed on page 11. Key achievements under each Strategic Aim are listed below.

RCN continues to deliver services as part of a consortium with NICVA and CO3 under the Regional Infrastructure Support Programme (RISP), funded by DAERA and DfC. This funding supports key roles in leadership, policy, learning, and finance. Additional resources from Dormant Accounts and the National Lottery Heritage Fund have enabled organisational modernisation and heritage project support.

We have also secured significant contracts in poverty research, housing, digital inclusion, education, and peacebuilding, ensuring our work remains relevant and impactful.

Key Achievements

The following report gives a snapshot of the achievements of Rural Community Network during the reporting period under our 4 strategic aims to illustrate how we are meeting our targets across the aims and objectives of our strategic plan. The Strategic Plan’s other aim is concerned with internal systems and resourcing and is not reported on in this document.

Key achievement against our strategic aims and outcomes:

RURAL COMMUNITY NETWORK (NI)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Aim 1 Empowering the Voice of Rural Communities

Aim 2: Promoting and celebrating community development

Aim 3: Building an Equitable and Peaceful Society

Aim 4: Supporting rural potential

As we move into the year ahead, we have planned to pay attention to the following elements of our work:

Future Work 2025/2026

The coming year will be shaped by economic uncertainty, constrained public budgets, and ongoing challenges from Brexit and global crises. RCN will respond by:

RURAL COMMUNITY NETWORK (NI)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Financial Review

For the year, income is £529,507 (2024: £558,726), an decrease of £29,219 coming from funding received. Expenditure has increased on last year by £31,253.

The Trustees of RCN have met with our appointed Independent Examiner to discuss the surplus in last year’s accounts and are aware of the implications for the organisation. The Trustees of RCN acknowledge and understand the current financial situation and are confident of the performance of the organisation for the coming 12 month period but will keep a watching brief on the accounts in these austere times.

Rural Community Network (NI) receives funding from a range of government and charitable organisations and discharges these funds in pursuit of its charitable objectives and the particular programme funding targets.

Reserves Policy

Rural Community Network (NI) has a Reserves Policy which details why reserves are held and the level of reserves appropriate for the charity. The trustees review the level of free reserves required (that is those funds not tied up in fixed assets, designated and restricted funds) on an annual basis to ensure continuity of charitable operations.

In the event of Rural Community Network (NI) being wound up there is a legal requirement to store documentation for seven years and the associated costs would need to be met from reserves. The actual free reserves at 31 March 2025 are £250,933.

Designated reserves for other purposes are detailed in note 18. A cash flow fund is held to bridge any potential shortfall in fundraising targets and to underpin viable programmes that are experiencing cash flow problems. A staffing fund is held to enable Rural Community Network (NI) to cover sickness, maternity and meet redundancy costs. A development fund is held to facilitate the development of new programmes and to provide for restructuring of existing activities. A capital fund exists to hold funds received for the purchase of fixed assets.

Funds held as custodian trustees on behalf of others

The charity holds no funds as custodian trustees on behalf of others.

Statement of disclosure to Independent Examiner

So far as each person who was a director at the date of approving this report is aware, there is no relevant information of which the company’s Independent Examiner is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant information and to establish that the company’s Independent Examiner is aware of that information.

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board

John Waddell (Chairperson)

Director

11 December 2025

RURAL COMMUNITY NETWORK (NI)

DIRECTORS' RESPONSIBILITIES STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

The trustees (who are also directors of Rural Community Network (NI) for the purposes of company law) are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

On behalf of the board

John Waddell (Chairperson) Director 11 December 2025

RURAL COMMUNITY NETWORK (NI)

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RURAL COMMUNITY NETWORK (NI) FOR THE YEAR ENDED 31 MARCH 2021

Independent Examiners Report to the Trustees of Rural Community Network (NI)

I report on the accounts of the charity for the year ended 31 March 2017, which are set out on pages 10 to 18.

Respective responsibilities of directors and examiner

As the charity’s Trustees, you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008.

It is my responsibility to:

Basis of independent examiner's report

I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.

My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity Trustees concerning any such matters.

My role is to state whether any material matters have come to my attention giving me cause to believe:

  1. That accounting records were not kept in accordance with section 63 of the Charities Act.

  2. That the accounts do not accord with those accounting records.

  3. That the accounts do not comply with the accounting requirements of the Charities Act.

  4. That there is further information needed for a proper understanding of the accounts to be reached.

Independent examiner's statement

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

Erica Convery (Senior Statutory Auditor) for and on behalf of David Lyttle + Co Ltd

11 December 2025

Chartered Accountants & Registered Auditors

Station House 46 Molesworth Street Cookstown Co Tyrone BT80 8PA

RURAL COMMUNITY NETWORK (NI)

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Notes
Unrestricted
Restricted
funds
funds
£
£
Incoming resources from generated funds
Voluntary income
2
1,265
173,601
Investment income
3
816
-
Incoming resources from charitable activities
Charitable projects income
4
50,262
263,621
Other incoming resources
6
39,942
-
Total incoming resources
92,285
437,222
Resources expended
Charitable activities
7
47,916
457,269
Governance costs
8
3,202
-
Total resources expended
51,118
457,269
Net incoming/(outgoing) resources
41,167
(20,047)
Total funds brought forward at 1 April 2024
699,125
76,468
Transfer -Rural Health
-
-
Total funds carried forward at 31 March 2025
740,292
56,421		 2025
Total
£
174,866
816
313,883
39,942
529,507
505,185
3,202
508,387
21,120
775,593
-
796,713		 2024
Total
£
171,081
442
347,781
39,422
558,726
473,884
3,250
477,134
81,592
694,001
-
775,593

The statement of financial activities has been prepared on the basis that all operations are continuing operations.

There are no recognised gains and losses other than those passing through the statement of financial activities.

RURAL COMMUNITY NETWORK (NI)

BALANCE SHEET

AS AT 31 MARCH 2025

Notes
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
14
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
16
Unrestricted income funds
16
General funds
Designated funds
Total unrestricted income funds
Total charity funds		 2025
£
47,797
460,801
508,598
(3,022)		 £
291,137
505,576
796,713
56,421
250,933
489,359
740,292
796,713		 2024
£
63,729
418,565
482,294
(2,982)		 £
296,281
479,312
775,593
76,468
204,622
494,503
699,125
775,593

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 11 December 2025 and are signed on its behalf by:

John Waddell (Chairperson)

Company Registration No. NI31418

RURAL COMMUNITY NETWORK (NI)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Company information

Rural Community Network (NI) is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 38a Oldtown Street, Cookstown, Co Tyrone, BT80 8EF.

1.1 Accounting convention

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Rural Community Network (NI) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost and transaction value unless otherwise stated in the relevant accountancy policy note(s). The financial statements are prepared on a going concern basis.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2 Income and expenditure

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

RURAL COMMUNITY NETWORK (NI)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

All expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to supply them. Support costs are allocated to their relevant activity based on the number of staff on the project.

1.3 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings not depreciated Leasehold land and buildings 2% straight line Fixtures and fittings 10% straight line Computers 33.3% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

1.4 Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

RURAL COMMUNITY NETWORK (NI)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cashgenerating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5 Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6 Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

RURAL COMMUNITY NETWORK (NI)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2 Voluntary income

Unrestricted
Restricted
funds
funds
£
£
DAERA / DFC
-
173,601
Membership fees
1,265
-
1,265
173,601
Investment income
Unrestricted
Restricted
funds
funds
£
£
Interest receivable and similar income
816
-
816
-		 2025
Total
£
173,601
1,265
174,866
2025
Total
£
816
816		 2024
Total
£
169,681
1,400
171,081
2024
Total
£
442
442

3 Investment income

RURAL COMMUNITY NETWORK (NI)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

4
Charitable projects income
Unrestricted
Restricted
funds
funds
£
£
Total charitable trusts and
other bodies
Community Relations Council
-
66,677
Awards For All
-
18,536
National Lottery Heritage Fund - Shared History
-
-
CFNI New Needs Fund
-
-
Social Value Engine
-
-
DfC DCDP - Ballymoney
-
-
Into the West DCDP - Cookstown
-
-
Dormant Accounts Fund NI
-
49,590
National Lottery Heritage Fund - Hearth Project
-
66,368
DfC DCDP - Lurgan
-
-
DfC DCDP - Newtownards
-
55,950
Glasgow University ProNI
-
5,000
Forest Did It First
-
1,500
Total charitable trusts and other bodies
-
263,621
Fee income
50,262
-
50,262
263,621
5
Fee income
Unrestricted
Restricted
funds
funds
£
£
Fee income
50,262
-
6
Other incoming resources
Unrestricted
Restricted
funds
funds
£
£
Miscellaneous income
-
-
Meeting income
2,942
-
NIHE
37,000
-
39,942
-		 2024
Total
£
66,677
18,536
-
-
-
-
-
49,590
66,368
-
55,950
5,000
1,500
263,621
50,262
313,883
2025
Total
£
50,262
2025
Total
£
-
2,942
37,000
39,942		 2023
Total
£
65,254
-
55,114
88
8,850
3,450
42,850
31,401
16,331
60,039
-
-
-
283,377
64,404
347,781
2024
Total
£
64,404
2024
Total
£
1,160
262
38,000
39,422

RURAL COMMUNITY NETWORK (NI)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

7 Charitable projects

7
Charitable projects
Unrestricted
Restricted
funds
funds
£
£
Cost of general projects
47,916
457,269
8
Governance costs
Unrestricted
Restricted
funds
funds
£
£
Professional fees and board expenses
3,202
-		 2025
Total
£
505,185
2025
Total
£
3,202		 2024
Total
£
473,884
2024
Total
£
3,250

9 Trustees' remuneration

The Trustees neither received nor waived any emoluments during the year (2024: £nil).

10 Taxation

The company is a registered charity, and as such is entitled to certain tax exemptions on income and profits from investments and surpluses on any trading activities carried on in furtherance of the charity's primary objectives if these profits and surpluses are applied for charitable purposes.

The charity is not registered for VAT and accordingly, all its expenditure is recorded inclusive of any VAT incurred.

11 Tangible fixed assets

Land and
buildings
Plant and
machinery
etc
£
£
Cost
At 1 April 2024 and 31 March 2025
450,531
39,871
Depreciation and impairment
At 1 April 2024
153,381
40,740
Depreciation charged in the year
7,026
(1,882)
At 31 March 2025
159,540
39,726
Carrying amount
At 31 March 2025
290,123
1,014
At 31 March 2024
297,149
(868)		 Total
£
490,402
194,121
5,144
199,266
291,137
296,281

RURAL COMMUNITY NETWORK (NI)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

12 Debtors

Debtors
Amounts falling due within one year:
Service charges due
Prepayments and accrued income		 2025
£
47,010
787
47,797		 2024
£
17,655
46,074
63,729

13 Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

14 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2025 2024
£ £
Accruals and deferred income 3,022 2,982

15 Contingent liabilities

There is a contingent liability to repay all grant monies should they not be distributed under the terms of the various initiatives. The trustees do not anticipate any repayment falling due under the terms on which the grants were received.

RURAL COMMUNITY NETWORK (NI)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

16 Statement of funds

Unrestricted funds

At 1 April
2024
£
General reserve
204,622
204,622
Designated funds
Capital fund
289,503
IT fund
-
Cash flow fund
100,000
Staffing fund
35,000
Development fund
20,000
Building maintenance fund
50,000
494,503
Total unrestricted funds
699,125		 At 31 March
Income Expenditure
Transfers
2025
£
£
£
£
92,285
(45,974)
-
250,933
92,285
(45,974)
-
250,933
-
(5,144)
-
284,359
-
-
20,000
20,000
-
-
-
100,000
-
-
(15,000)
20,000
-
-
-
20,000
-
-
(5,000)
45,000
-
(5,144)
-
489,359
92,285
(51,118)
-
740,292		 At 31 March
Income Expenditure
Transfers
2025
£
£
£
£
92,285
(45,974)
-
250,933
92,285
(45,974)
-
250,933
-
(5,144)
-
284,359
-
-
20,000
20,000
-
-
-
100,000
-
-
(15,000)
20,000
-
-
-
20,000
-
-
(5,000)
45,000
-
(5,144)
-
489,359
92,285
(51,118)
-
740,292
250,933
284,359
20,000
100,000
20,000
20,000
45,000
489,359
740,292

General reserve

The general reserve represents the funds of the charity which are not designated for particular purposes.

Capital fund

The capital fund consists of funds received for the purpose of fixed assets which are transferred to unrestricted funds when expended and then released from designated funds over the related assets' useful life. £5,144 represents the depreciation charge in the current financial year.

IT fund

The IT fund has been set up to fund the replacement of IT equipment.

Cash flow fund

The cash flow fund has been designated by the trustees to ensure that sufficient reserves are available to bridge any potential shortfall in fundraising targets and to allow sufficient time for additional funds to be secured. This fund also allows for a temporary transfer of funds while funding claims are being processed.

Staffing fund

The staffing fund has been set up to cover the cost of employing locum staff as well as covering the cost of contractual obligations to staff including provision for redundancy costs, training for the re-deployment of staff and good employment practice.

Development fund

The development fund was established to allow Rural Community Network (NI) to invest in the development of new programmes where a need is identified and to restructure existing functions where required.

Building maintenance fund

RURAL COMMUNITY NETWORK (NI)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

16 Statement of funds

(Continued)

The development fund was established to set aside funds specifically to finance ongoing upkeep repairs and major maintenance of Rural Community Network's building.

RURAL COMMUNITY NETWORK (NI)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

16
Statement of funds
Restricted funds
At 1 April
2024
£
Community Relations Council
-
Awards For All
-
DAERA/DFC
-
Into the West DCDP - Cookstown
25,482
Dormant Accounts Fund NI
13,969
National Lottery Heritage Fund - Hearth
Project
1,952
DfC DCDP- Lurgan
30,695
DfC DCDP- Newtownards
-
Rural Health Toolkit (NHSST)
4,370
Glasgow University ProNI
-
Forest Did It First
-
76,468		 (Continued)
At 31 March
Income Expenditure
Transfers
2025
£
£
£
£
66,677
(66,677)
-
-
18,536
-
-
18,536
173,601
(173,601)
-
-
-
(25,482)
-
-
49,590
(52,064)
-
11,495
66,368
(68,320)
-
-
-
(30,695)
-
-
55,950
(30,315)
25,635
-
(4,370)
-
-
5,000
(4,245)
-
755
1,500
(1,500)
-
-
437,222
(457,269)
-
56,421		 (Continued)
At 31 March
Income Expenditure
Transfers
2025
£
£
£
£
66,677
(66,677)
-
-
18,536
-
-
18,536
173,601
(173,601)
-
-
-
(25,482)
-
-
49,590
(52,064)
-
11,495
66,368
(68,320)
-
-
-
(30,695)
-
-
55,950
(30,315)
25,635
-
(4,370)
-
-
5,000
(4,245)
-
755
1,500
(1,500)
-
-
437,222
(457,269)
-
56,421
56,421

Regional Infrasturcture Support Programme

The Regional Infrastructure Support Programme funded by DAERA and DfC to a consortuim of groups provides generic infrastructure support top enable the voluntary and community sector to operate effectively and efficiently accross Northern Ireland in both urban and rural areas.

Community Relations Council

This programme funds a Community Relations programme of activity by providing funding for a Community Relations Officer and a part time administrator and seeks to improve and promote community relations and a ‘shared future' regionally accross rural Northern Ireland.

17 Directors' transactions

The trustees neither received nor waived any emoluments during the year (2023:£nil).

18 Professional indemnity insurance

Professional indemnity insurance of £304 (2023 : £395) has been paid to indemnify trustees and staff providing technical advice to community groups.