CHARITY REGISTRATION NUMBER: XT29073 & NIC100375
Rathlin Development and Community Association Unaudited Financial Statements
31 March 2024
S O'NEILL & COMPANY
Chartered accountants 14 Main Street Toomebridge Co. Antrim Northern Ireland BT41 3TQ
Rathlin Development and Community Association
Financial Statements
Year ended 31 March 2024
| Page | |
|---|---|
| Members' annual report | 1 |
| Independent examiner's report to the members | 7 |
| Statement of financial activities | 8 |
| Statement of financial position | 9 |
| Statement of cash flows | 10 |
| Notes to the financial statements | 11 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 20 |
| Notes to the detailed statement of financial activities | 21 |
Rathlin Development and Community Association
Members' Annual Report
Year ended 31 March 2024
The members present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.
Reference and administrative details
Rathlin Development and Community Association
Registered charity name Charity registration number XT29073 & NIC100375 Principal office The Resource Centre Rathlin Island Co Antrim Antrim
The members
Mr Michael Cecil (Treasurer) Ms Marianne Green (Secretary) Mr Fergus McFaul (Retired 8 March 2024) Ms Marina McMullan (Chair) Mr Tom McDonnell (Vice-Chair) Mr Ciaran McCurdy Mr Pablo Mitchell Miss Millie Eyre Ms Sorin McMullan (Appointed 8 March 2024) Independent examiner S O'Neill & Company 14 Main Street Toomebridge Co. Antrim Northern Ireland BT41 3TQ
Structure, governance and management
The Committee Members present their report and the financial statements for the year ended 31 March 2024.
The day-to-day decision making is undertaken by the Development Officer under the guidance of the Chairman. Decisions of strategy and policy making are taken by the full Board of Committee Members with financial matters being addressed by the Association Treasurer as outlined in the Corporate Governance Procedures and Controls Report.
It is the responsibility of the Committee along with the Development Officer to ensure Funders regulations are met and adhered to.
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Rathlin Development and Community Association
Members' Annual Report (continued)
Year ended 31 March 2024
Objectives and activities
Rathlin Development and Community Association (RDCA) objectives are to enhance community capacity and involvement in community development work, to ensure that basic services and infrastructure are provided and to improve access to services, to encourage appropriate economic development and advance policies for a sustainable island community and to promote the benefit of the residents of Rathlin Island (the "area of benefit") without distinction of age, gender, sexual orientation, race, ethnicity, political, religious or other opinion by associating with the statutory authorities, voluntary organisations and inhabitants in a common effort to:
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advance community development;
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advance education;
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advance health;
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relieve those in need by reason of youth, age, ill-health, disability, financial hardship or other disadvantage;
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provide facilities in the interest of social welfare for recreation and other leisure-time occupation with the object of improving the conditions of life for the said inhabitants; and
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continue protection of the environment.
Our aim is to develop a vibrant and healthy community and increase the involvement of islanders in the development of policies and projects that improve conditions for all the people of the island.
Rathlin Development and Community Association
Members' Annual Report (continued)
Year ended 31 March 2024
Achievements and performance
Introduction: The RDCA logo (based on two interlocking cogs) reflects our interconnected island community, where mainland decisions often disrupt local practices, stretching our limited resources. Immediate demands divert efforts from long-term goals, yet the past year has been busy and impactful despite these challenges.
Main RDCA Projects:
1. East Lighthouse Project: Securing funding for the project, especially in the current funding climate in Northern Ireland, has proved difficult so far, with some application disappointments. Fresh applications are in preparation. Rathlin hosted the Great Lighthouses of Ireland (GLOI) Annual Gathering (9th Oct 2023), boosting the project's profile, with a follow-up workshop in March 2024 exploring the East Lighthouse project with GLOI, Tourism NI and other agencies.
2. Renewable Energy: With support from NI Government Departments, funding was made available to install solar panels at the Manor House, the RDCA's social enterprise project. A pier shelter with solar panels and charging points is in planning. Two 2023 workshops, one convened through the Ministerial Forum, overseen by the Dept. for Infrastructure, and a second for the wider Rathlin community, helped shape a Climate Action Plan, with e-vehicles and talks with Artemis Technologies advancing carbon-negative commitments and goals.
3. LIFE RAFT: The biodiversity restoration and enhancement project, principally funded by EU Life, DAERA, and National Lottery Heritage Fund, has gathered strength in human and other resources. The first stage of eradication, feral domestic ferrets, has been completed and is now undergoing continual monitoring. Intense preparations are underway for the second, more demanding stage, rat eradication. Community engagement is essential for the effective management and eventual success of the project, and this is bringing benefits not only for the eradication programme but also for the socioeconomic development of the island community. This included Rathlin's participation in the NI Science Festival with a week-long on-island programme, driven by the community with full support from the Life Raft community/socioeconomic team and support from the Future Island-Island project. Involvement in the Festival opened tourism opportunities in the winter season and strengthened further exploration of Rathlin's Dark Sky potential.
4. Future Island-Island: This is one of four Green Transition Ecosystem projects across the UK, funded by the Arts & Humanities Research Council. It is led by Ulster University and Queens University, Belfast, with twelve business partners from the private sector working on sustainable tourism and digital options, design and green transition. The co-design project works with growing islander involvement, producing heritage outputs and youth-focused work.
5. Health and Wellbeing Review: In response to the challenges presented to services on the island due to changes or gaps in supportive governance from delivery agents, and recognising significant opportunities for an exemplar model of integrated health and wellbeing practice for Rathlin, a comprehensive review was designed and implemented. The review was supported by NHSCT and carried out by Rural Community Network (RCN), with RDCA guidance. Interviews with 45 residents highlight nursing and ferry lifeline roles, access issues, and youth facility needs, strengthening advocacy with NHSCT. RCN, NHSCT, and RDCA representatives are exploring options for better delivery of services in the light of the review.
Other Projects and Activities
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Youth: Ongoing EA programmes and leadership qualifications.
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Irish Language: Foras na Gaeilge funding support for Irish language development on the island, initially through children and family activities.
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Heritage: Oral history and museum archiving progress, with invitation to RDCA to participate in a symposium on sustainable heritage initiative for small islands. The invitation came from the KeoughNaughton Institute for Irish Studies, University of Notre Dame, on the topic "Island Livelihoods in Climate Crisis", with RDCA invited to present and participate in a week-long event in Orkney, from 4th April 2024.
Rathlin Development and Community Association
Members' Annual Report (continued)
Year ended 31 March 2024
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Rathlin Sound (Maritime) Festival 2023 was a positive and engaging success with participants from Scotland, the ROI, and from Notre Dame University, alongside more local partners and visitors. Planning for the 2024 Festival was underway in the fourth quarter of this reporting period.
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Rathlin Manor House: New operators (MC Catering) secured a 5-year contract, boosting occupancy, employment, and service quality of this social enterprise, overseen for RDCA by its Rathlin Development Community Interest Company.
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Rathlin Development Community Interest Company: The Board, now overseeing a muchstrengthened enterprise (above) is actively seeking new members to expand social enterprise. - Defibrillators: Eight machines are now in service and available across the island, with support from Life Raft, RSPB, NIFRS, NIAS, and RDCA.
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Rathlin App: This new service, available on Android only, is linked to the current RDCA website, with plans to continue with the new website under construction (www.rathlin360.com)
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Connectivity: With engagement from the (Westminster) Dept of Science, Innovation, and Technology (DSIT)a Starlink trial (200mbps) was installed at the Rathlin Co-op shop in Feb 2024. This service is expected to lead to further engagement with DSIT on advanced connectivity in the future.
Networks: The RDCA continues to raise and strengthen the island's profile and resources through active membership with many related and sectoral networks. This is a two-way flow with RDCA benefitting from the connections, resources, knowledge, and links to others. The following list is not exhaustive but gives an indication of the wider network activity through the Resource Centre.
Rural Community Network (RCN) Age-friendly Network Development Trust NI (DTNI) Island Innovation (Global Island Network with Annual Virtual Summit) Northern Area Community Network (NACN) NI Council for Voluntary Action (NICVA) Heritage Trust Network (HTN) GenComm (GENerating energy secure COMMunities through Smart Renewable Hydrogen) Islands Forum (Department for Levelling Up, Housing & Communities, Westminster) BEIS (Department for Business, Energy and Industrial Strategy) Islands Working Group
Funding: The RDCA is grateful for the continuing funding support for salaries and running costs from the Department for Communities' (DfC) Community Investment Fund (CIF), with supplementary support from the Causeway Coast & Glens Borough Council.
Additional grant support has been provided by: - CCGHT: £90/month (App). - Foras na Gaeilge: £1,750 (2024). - DfE: £80k (low carbon). - DfI: £10k (feasibility). - CCGBC: £1k (heritage, pending).
Advocacy and Lobbying: RDCA regularly engages DfI, DAERA, Causeway Coast & Glens Borough Council, and others, on health, ferry, roads, and numerous other immediate and longer-term issues. Regional government's return was promising, though austerity cuts persist. Conclusion: RDCA was - and is - only able to fulfil such an intensive programme of activities and working relationships with a strategic spread of Government Departments, Council, and Agencies and others, thanks to the ready commitment of the volunteer committee, and the diverse work and care of residents and RDCA members that strengthens this islands community pride and confidence in itself and makes it a better place to be.
Financial review
The RDCA is currently working almost entirely with restricted funds only and does not have sufficient financial surplus to dedicate for reserves.
Rathlin Development and Community Association
Members' Annual Report (continued)
Year ended 31 March 2024
This policy will be reviewed each year by the RDCA Committee and if, in the future, the RDCA is able to generate sufficient unrestricted funds, setting aside an appropriate percentage for a minimum of financial security will be reconsidered.
Against the backdrop of limited resources and insecurities over funding, it has continued to be difficult to plan or develop services. The deficit for the year was £20,730 (2023: £51,467) which has decreased the total fund balance carried forward to £851,233 (2023: £871,963). Its success in obtaining new funding for 2024/25 from Community Investment Fund will provide much needed additional resources.
Plans for future periods
The RDCA will continue its commitment to environmental sustainability and the endorsement from the Rathlin Policy for a move towards renewal energy and a reduction of the carbon footprint of the island. It will continue to pursue opportunities to develop these aspirations with growing collaboration with similar networks and increasing interest and support from within NI government Departments, Westminster, and beyond.
Life Raft: The RDCA will continue its active partnership with Life Raft, the major biodiversity restoration and support project, managed together with RSPB and Causeway Coast and Glens Heritage Trust. This project is gaining widespread support and interest as it develops and we expect it to bring significant benefit to the island, not only through the direct enhancement of the island’s rich biodiversity but also through its socioeconomic development commitment to the community.
‘Future Island-Island’: The RDCA is a partner in a consortium led by Ulster University, in partnership with Queen’s University Belfast, that has secured funding from the Arts and Humanities Research Council (AHRC) for one of four new ‘Green Transition Ecosystems’ across the UK.
From September 2023, the Ulster University-led ‘Future Island-Island’ project began a new phase of work with the Rathlin community to co-design and shape new design-led green economies over a 24-month period focusing on five strands:
- Product Waste Ecosystems - rethinking waste plastics and electrical equipment as a commodity, serving repair and product innovation cultures through reuse, recycling and repair for new purposes.
2. Green Digital Industries – using state of the art film and animation technology with storytelling to help build a digital representation of the island that can be used to generate new income for the island while helping to preserve its heritage, culture and biodiversity for future generations.
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Organic Waste Ecosystems – reimagining new sustainable uses of the island’s natural resources in more sustainable ways to provide alternative options for land, food and water use and related waste produce (e.g. waste wool for more sustainable farming)
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Education strategy proposals take the issues of Rathlin to students across Ireland and in our universities to educate them about island realities and have them involved in the problem solving, while also engaging with the island’s own school children and young people.
Rathlin Development and Community Association
Members' Annual Report (continued)
Year ended 31 March 2024
- Policy Strategy will help develop the Rathlin Island Action Plan and inform other strategies for management of waste across Northern Ireland, the Republic of Ireland and Scotland where Rathlin will be the example of best practice.
East Lighthouse project: this project will continue to be a major focus of RDCA attention, with the invaluable support of the Rathlin Ministerial Forum, particularly the Department of Infrastructure and Department of Agriculture, Environment & Rural Affairs.
The RDCA will continue its commitment to asset-based community development methods and hopes to learn more of how these methods may be effectively implemented and our experiences shared with other communities. Opportunities to develop these experiences will be valuable as the LIFE RAFT biodiversity and Future Island-Island projects take root.
The RDCA intends to continue a programme of similar activities over the coming year, as much as possible, working from the base of the continuing and dynamic 'Rathlin 2020' Strategic Plan, and the implementation, with its partners, of the Rathlin Policy Action Plan. We will continue to fund our work and core costs through the Department for Community’s Community Investment Fund and the Causeway Coast and Glens Borough Council Community Development Support fund, with other projects seeking funding elsewhere as necessary.
Rathlin Development and Community Association
Members' Annual Report (continued)
Year ended 31 March 2024
RESPONSIBILITIES OF THE COMMITTEE MEMBERS
The Charity's committee are responsible for preparing the Committee Members Annual Report and the financial statements in accordance with applicable law and regulations.
The law applicable to charities in Northern Ireland requires the committee members to prepare financial statements for each financial year. Under that law the committee members have elected to prepare the financial statements in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008. The committee members 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 charity and the income and expenditure of the charity for that period.
In preparing these financial statements, the committee members are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and accounting estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The committee members are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with FRS 102 (Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The members' annual report was approved on 27 May 2025 and signed on behalf of the board of trustees by:
Ms Marina McMullan
Ms Marina McMullan (Chair) Member
Rathlin Development and Community Association
Independent Examiner's Report to the Members of Rathlin Development and Community Association
Year ended 31 March 2024
I report to the members on my examination of the financial statements of Rathlin Development and Community Association ('the charity') for the year ended 31 March 2024.
Responsibilities and basis of report
As the members of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northern Ireland) 2008 (the ‘2008 Act’). You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination.
I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect:
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accounting records were not kept as required by with section 63 of the 2008 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of the 2008 Act; or
4.the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
S O’Neill & Company
S O'Neill & Company Independent Examiner
14 Main Street Toomebridge Co. Antrim Northern Ireland BT41 3TQ
27 May 2025
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Rathlin Development and Community Association
Statement of Financial Activities
Year ended 31 March 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 3,519 | 139,726 | 143,245 | 87,213 |
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| Total income | 3,519 | 139,726 | 143,245 | 87,213 | |
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| Expenditure | |||||
| Expenditure on charitable activities | 5,6 | 8,492 | 155,483 | 163,975 | 138,680 |
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| Total expenditure | 8,492 | 155,483 | 163,975 | 138,680 | |
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| Net expenditure | (4,973) | (15,757) | (20,730) | (51,467) | |
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| Transfers between funds | 1,632 | (1,632) | – | – | |
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| Net movement in funds | (3,341) | (17,389) | (20,730) | (51,467) | |
| Reconciliation of funds | |||||
| Total funds brought forward | 34 | 871,929 | 871,963 | 923,430 | |
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| Total funds carried forward | (3,307) | 854,540 | 851,233 | 871,963 | |
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 11 to 18 form part of these financial statements.
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Rathlin Development and Community Association
Statement of Financial Position
31 March 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 15 | 791,686 | 794,551 | |
| Current assets | ||||
| Debtors | 16 | 813 | 813 | |
| Cash at bank and in hand | 64,289 | 85,024 | ||
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| 65,102 | 85,837 | |||
| Creditors: amounts falling due within one year | 17 | 5,555 | 8,425 | |
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| Net current assets | 59,547 | 77,412 | ||
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| Total assets less current liabilities | 851,233 | 871,963 | ||
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| Net assets | 851,233 | 871,963 | ||
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| Funds of the charity | ||||
| Restricted funds | 854,540 | 871,929 | ||
| Unrestricted funds | (3,307) | 34 | ||
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| Total charity funds | 19 | 851,233═════════ |
871,963═════════ |
These financial statements were approved by the board of trustees and authorised for issue on 27 May 2025, and are signed on behalf of the board by:
Ms Marina McMullan
Mr Michael Cecil
Ms Marina McMullan (Chair) Member
Mr Michael Cecil (Treasurer) Member
The notes on pages 11 to 18 form part of these financial statements.
-9 -
Rathlin Development and Community Association
Statement of Cash Flows
Year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net expenditure | (20,730) | (51,467) |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 75,053 | 60,994 |
| Accrued (income)/expenses | (2,870) | 4,239 |
| Changes in: | ||
| Trade and other debtors | – | (813) |
| Trade and other creditors | – | (478) |
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| Cash generated from operations | 51,453 | 12,475 |
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| Net cash from operating activities | 51,453 | 12,475 |
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| Cash flows from investing activities | ||
| Purchase of tangible assets | (72,188) | (99,576) |
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| Net cash used in investing activities | (72,188) | (99,576) |
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| Net decrease in cash and cash equivalents | (20,735) | (87,101) |
| Cash and cash equivalents at beginning of year | 85,024 | 172,125 |
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| Cash and cash equivalents at end of year | 64,289 | 85,024 |
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The notes on pages 11 to 18 form part of these financial statements.
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Rathlin Development and Community Association
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The charity is a public benefit entity and a registered charity in Northern Ireland and is unincorporated. The address of the principal office is The Resource Centre, Rathlin Island, Co Antrim, BT54 6RT.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the Charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the members for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.
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Rathlin Development and Community Association
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably.
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legacy income is recognised when receipt is probable, and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
All fixed assets are initially recorded at cost.
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Rathlin Development and Community Association
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Depreciation
Depreciation is calculated to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold building - Resource Centre 4% Straight Line / Manor House 5.88% Straight Line Motor Vehicles - 25% reducing balance Equipment - 25% reducing balance
Government Grants
Government grants are recognised at the fair value of the asset received or receivable.
Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable.
4. Donations and legacies
| Donations and legacies | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Donations received | 2,006 | – | 2,006 |
| Grants | |||
| Rathlin CIC - Manor House Insurance Income | – | – | – |
| National Lottery grant | – | – | – |
| Causeway Coast & Glens Borough Council | 782 | 3,250 | 4,032 |
| Causeway Coast & Glens Heritage Trust | – | 1,138 | 1,138 |
| Education Authority Youth Group Contribution | – | 3,228 | 3,228 |
| Department for Communities | – | 48,110 | 48,110 |
| Department for Economy | – | 80,000 | 80,000 |
| DFI | – | 4,000 | 4,000 |
| Other donations and legacies | |||
| Action Renewables | 731 | – | 731 |
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| 3,519 | 139,726 | 143,245 | |
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| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Donations | |||
| Donations received | 2,967 | – | 2,967 |
| Grants | |||
| Rathlin CIC - Manor House Insurance Income | 5,319 | – | 5,319 |
| National Lottery grant | – | 7,136 | 7,136 |
| Causeway Coast & Glens Borough Council | – | 6,250 | 6,250 |
| Causeway Coast & Glens Heritage Trust | – | 543 | 543 |
| Education Authority Youth Group Contribution | 100 | 1,650 | 1,750 |
| Department for Communities | – | 52,543 | 52,543 |
| DFI | 30 | 10,000 | 10,030 |
| Other donations and legacies | |||
| Action Renewables | 675 | – | 675 |
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| 9,091 | 78,122 | 87,213 | |
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Rathlin Development and Community Association
Notes to the Financial Statements (continued)
Year ended 31 March 2024
5. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Big Lottery administration expenses | 23 | 1,900 | 1,923 | ||
| Coastal Community Fund (now Life Raft RSPB) | – | 58,712 | 58,712 | ||
| Community Investment Fund | – | 49,473 | 49,473 | ||
| Support costs | 8,469 | 45,398 | 53,867 | ||
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| 8,492 | 155,483 | 163,975 | |||
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| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Big Lottery administration expenses | 20 | 1,939 | 1,959 | ||
| Coastal Community Fund (now Life Raft RSPB) | 7,094 | 53,115 | 60,209 | ||
| Community Investment Fund | – | 49,890 | 49,890 | ||
| Support costs | 3,861 | 22,761 | 26,622 | ||
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| 10,975 | 127,705 | 138,680 | |||
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| 6. | Expenditure on charitable activities by activity type | ||||
| Grant funding | Total funds | Total fund | |||
| of activities Support costs | 2024 | 2023 | |||
| £ | £ | £ | £ | ||
| Big Lottery administration expenses | |||||
| and other support costs | 1,923 | 53,867 | 55,790 | 28,581 | |
| Coastal Community Fund (now Life | |||||
| Raft RSPB) | 58,712 | – | 58,712 | 60,209 | |
| Community Investment Fund | 49,473 | – | 49,473 | 49,890 | |
───────── |
──────── |
───────── |
───────── |
||
| 110,108 | 53,867 | 163,975 | 138,680 | ||
═════════ |
════════ |
═════════ |
═════════ |
||
| 7. | Analysis of support costs | ||||
| Total 2024 | Total 2023 | ||||
| £ | £ | ||||
| Premises | 4,409 | 3,706 | |||
| General office | 1,357 | 1,442 | |||
| Governance costs | 100 | 108 | |||
| Motor and travel expenses | 598 | – | |||
| Legal and professional fees | 209 | 3,635 | |||
| Depreciation | 23,742 | 9,570 | |||
| Events | 23,167 | 7,858 | |||
| General expenses | 285 | 303 | |||
──────── |
──────── |
||||
| 53,867 | 26,622 | ||||
════════ |
════════ |
||||
| 8. | Analysis of grants | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Grants to institutions | |||||
| Grant expenditure less depreciation | 152,865 | 66,924 | |||
───────── |
──────── |
||||
| Total grants | 152,865 | 66,924 | |||
═════════ |
════════ |
- 14 -
Rathlin Development and Community Association
Notes to the Financial Statements (continued)
Year ended 31 March 2024
9. Audit and accountancy costs
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other Accounting Services | 1,502 | 1,384 | |
─────── |
─────── |
||
| 1,502 | 1,384 | ||
═══════ |
═══════ |
||
| 10. | Net expenditure | ||
| Net expenditure is stated after charging/(crediting): | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 75,053 | 60,994 | |
════════ |
════════ |
||
| 11. | Independent examination fees | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Fees payable to the independent examiner for: | |||
| Independent examination of the financial statements | 2,376 | 2,376 | |
─────── |
─────── |
||
2,376═══════ |
2,376═══════ |
12. Staff costs
| The total staff costs and employee benefits for the reporting period are analysed as follows: | The total staff costs and employee benefits for the reporting period are analysed as follows: | The total staff costs and employee benefits for the reporting period are analysed as follows: |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Wages and salaries | 41,496 | 43,677 |
════════ |
════════ |
|
| The average head count of employees during the year was Nil (2023: 2). The average number of | ||
| full-time equivalent employees during the year is analysed as follows: | ||
| 2024 | 2023 | |
| No. | No. | |
| Office Staff - full-time | 1 | 1 |
| Office Staff - part-time | 1 | 1 |
──── |
──── |
|
| 2 | 2 | |
════ |
════ |
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
13. Trustee remuneration and expenses
No remuneration of other benefits from employment with the Charity or a related entity were received by the Committee Members.
- 15 -
Rathlin Development and Community Association
Notes to the Financial Statements (continued)
Year ended 31 March 2024
14. Transfers between funds
Grants were received for restricted projects and have been utilised against specific costs of the projects undertaken by the Charity. However, there are a number of these grants that were to offset the running costs of the charity.
As a result, these funds have been transferred from Restricted Funds to Unrestricted Funds to offset these project expenses.
15. Tangible fixed assets
| Land and | Motor | |||
|---|---|---|---|---|
| buildings | vehicles | Equipment | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| At 1 April 2023 | 1,033,188 | 118,018 | 23,087 | 1,174,293 |
| Additions | 15,248 | – | 56,940 | 72,188 |
──────────── |
───────── |
──────── |
──────────── |
|
| At 31 March 2024 | 1,048,436 | 118,018 | 80,027 | 1,246,481 |
════════════ |
═════════ |
════════ |
════════════ |
|
| Depreciation | ||||
| At 1 April 2023 | 367,458 | 1,189 | 11,095 | 379,742 |
| Charge for the year | 60,756 | 11,863 | 2,434 | 75,053 |
──────────── |
───────── |
──────── |
──────────── |
|
| At 31 March 2024 | 428,214 | 13,052 | 13,529 | 454,795 |
════════════ |
═════════ |
════════ |
════════════ |
|
| Carrying amount | ||||
| At 31 March 2024 | 620,222 | 104,966 | 66,498 | 791,686 |
════════════ |
═════════ |
════════ |
════════════ |
|
| At 31 March 2023 | 665,730 | 116,829 | 11,992 | 794,551 |
════════════ |
═════════ |
════════ |
════════════ |
The Resource Centre is held under lease for 25 years from 22 May 2007. The Manor House is held under lease for 20 years from 13 March 2015.
16. Debtors
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Other debtors | 813 | 813 |
════ |
════ |
|
| Creditors: amounts falling due within one year | ||
| 2024 | 2023 | |
| £ | £ | |
| Accruals and deferred income | 5,555 | 8,425 |
═══════ |
═══════ |
17. Creditors: amounts falling due within one year
18. Government Grants
| The amount recognised in the financial statements for government grants are as follows: | The amount recognised in the financial statements for government grants are as follows: | |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Recognised in income from donations and legacies: | 140,508 | 71,116 |
| Government grants income | ||
| ══════ | ════ |
- 16 -
Rathlin Development and Community Association
Notes to the Financial Statements (continued)
Year ended 31 March 2024
19. Analysis of charitable funds
Unrestricted funds
| At | At | ||||
|---|---|---|---|---|---|
| 1 April 2023 | Income | Expenditure | Transfers | 31 Mar 2024 | |
| £ | £ | £ | £ | £ | |
| General funds | 34 | 3,519 | (8,492) | 1,632 | (3,307) |
════ |
═══════ |
════════ |
═══════ |
════════ |
|
| At | At | ||||
| 1 April 2022 | Income | Expenditure | Transfers | 31 Mar 2023 | |
| £ | £ | £ | £ | £ | |
| General funds | 2,714 | 9,091 | (10,975) | (796) | 34 |
═══════ |
═══════ |
════════ |
════ |
════ |
|
| Restricted funds | |||||
| At | At | ||||
| 1 April 2023 | Income | Expenditure | Transfers | 31 Mar 2024 | |
| £ | £ | £ | £ | £ | |
| Big Lottery/Coastal | |||||
| Communities | |||||
| Fund/Community | |||||
| Investment Fund | 871,929 | 139,726 | (155,483) | (1,632) | 854,540 |
═════════ |
═════════ |
═════════ |
═══════ |
═════════ |
|
| At | At | ||||
| 1 April 2022 | Income | Expenditure | Transfers | 31 Mar 2023 | |
| £ | £ | £ | £ | £ | |
| Big Lottery/Coastal | |||||
| Communities | |||||
| Fund/Community | |||||
| Investment Fund | 920,716 | 78,122 | (127,705) | 796 | 871,929 |
═════════ |
════════ |
═════════ |
════ |
═════════ |
|
| Analysis of net assets between funds | |||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Tangible fixed assets | 3,473 | 788,213 | 791,686 | ||
| Current assets | 1,108 | 66,327 | 67,435 | ||
| Creditors less than 1 year | (7,888) | – | (7,888) | ||
───────── |
───────── |
───────── |
|||
| Net assets | (3,307) | 854,540 | 851,233 | ||
════════ |
════════ |
═════════ |
|||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Tangible fixed assets | 3,719 | 790,832 | 794,551 | ||
| Current assets | 1,740 | 84,097 | 85,837 | ||
| Creditors less than 1 year | (5,425) | (3,000) | (8,425) |
||
─────── |
───────── |
───────── |
|||
| Net assets | 34 | 871,929 | 871,963 | ||
═══════ |
═════════ |
═════════ |
20. Analysis of net assets between funds
- 17 -
Rathlin Development and Community Association
Notes to the Financial Statements (continued)
Year ended 31 March 2024
21. Analysis of changes in net debt
At At 1 Apr 2023 Cash flows 31 Mar 2024 £ £ £ Cash at bank and in hand 85,024 (20,735) 64,289 ════════ ════════ ════════
- 18 -
Rathlin Development and Community Association
Management Information
Year ended 31 March 2024
The following pages do not form part of the financial statements.
- 19 -
Rathlin Development and Community Association
Detailed Statement of Financial Activities
Year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations received | 2,006 | 2,967 |
| Rathlin CIC - Manor House Insurance Income | – | 5,319 |
| National Lottery grant | – | 7,136 |
| Causeway Coast & Glens Borough Council | 4,032 | 6,250 |
| Causeway Coast & Glens Heritage Trust | 1,138 | 543 |
| Education Authority Youth Group Contribution | 3,228 | 1,750 |
| Department for Communities | 48,110 | 52,543 |
| Department for Economy | 80,000 | – |
| DFI | 4,000 | 10,030 |
| Action Renewables | 731 | 675 |
───────── |
──────── |
|
| 143,245 | 87,213 | |
───────── |
──────── |
|
───────── |
──────── |
|
| Total income | 143,245 | 87,213 |
═════════ |
════════ |
|
| Expenditure | ||
| Expenditure on charitable activities | ||
| Wages and salaries | 41,496 | 43,677 |
| Rates and water | 196 | 190 |
| Light and heat | 1,199 | 1,221 |
| Repairs and maintenance | 25 | 3,638 |
| Insurance | 4,635 | 11,214 |
| Other motor/travel costs | 969 | 1,436 |
| Legal and professional fees | 3,878 | 3,760 |
| Telephone | 362 | 214 |
| Other office costs | 12,032 | 3,475 |
| Depreciation | 75,052 | 60,994 |
| Subscriptions | 305 | 557 |
| Bank charges | 154 | 141 |
| Event costs | 23,387 | 7,858 |
| General expenses | 285 | 155 |
| Equipment hire | – | 150 |
───────── |
───────── |
|
| 163,975 | 138,680 | |
───────── |
───────── |
|
───────── |
───────── |
|
| Total expenditure | 163,975 | 138,680 |
═════════ |
═════════ |
|
───────── |
───────── |
|
| Net expenditure | (20,730) | (51,467) |
═════════ |
═════════ |
- 20 -
Rathlin Development and Community Association
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Administration expenses | ||
| Grant funding activities – Big Lottery | ||
| Grant charitable activity 1 - depreciation | 1,900 | 1,939 |
| Bank charges | 23 | 20 |
─────── |
─────── |
|
| 1,923 | 1,959 | |
─────── |
─────── |
|
| Support costs | ||
| Light & heat | 574 | 453 |
| Repairs & maintenance | – | 8 |
| Insurance | 3,835 | 3,096 |
| Motor/travel costs | 598 | 147 |
| Telephone | 123 | – |
| Office costs | 1,234 | 1,442 |
| Depreciation | 23,742 | 9,570 |
| Subscriptions | 305 | 557 |
| Events Catering | 657 | – |
| Bank Charges | 100 | 108 |
| Accountancy | (96) | 3,078 |
| Event Costs | 22,510 | 7,858 |
| General expenses | 285 | 155 |
| Equipment Hire | – | 150 |
──────── |
──────── |
|
| 53,867 | 26,622 | |
──────── |
──────── |
|
| Coastal Community Fund (now Life Raft RSPB) | ||
| Grant funding activities | ||
| Repairs & maintenance | – | 3,632 |
| Manor House - Insurance | – | 7,092 |
| Motor/travel costs | 283 | – |
| Office costs | 8,784 | – |
| Depreciation | 49,410 | 49,485 |
| Bank charges | 15 | – |
| Event costs | 220 | – |
──────── |
──────── |
|
| 58,712 | 60,209 | |
──────── |
──────── |
|
| Community Investment Fund | ||
| Grant funding activities | ||
| Wages and salaries | 41,496 | 43,677 |
| Rates & water | 196 | 190 |
| Light & heat | 625 | 767 |
| Repairs & maintenance | 25 | – |
| Insurance | 800 | 1,024 |
| Motor/travel costs | 88 | 1,289 |
| Accountancy fees | 3,974 | 682 |
| Telephone | 239 | 214 |
| Office costs | 2,014 | 2,033 |
| Bank charges | 16 | 14 |
──────── |
──────── |
|
| 49,473 | 49,890 | |
──────── |
──────── |
|
───────── |
───────── |
|
| Expenditure on charitable activities | 163,975 | 138,680 |
═════════ |
═════════ |
- 21 -