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← Rathlin Development & Community Association

2025-03-31-accounts

CHARITY REGISTRATION NUMBER: XT29073 & NIC100375

Rathlin Development and Community Association Unaudited Financial Statements 31 March 2025

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 2025

Page
Members' annual report 1
Independent examiner's report to the members 8
Statement of financial activities 9
Statement of financial position 10
Statement of cash flows 11
Notes to the financial statements 12
The following pages do not form part of the financial statements
Detailed statement of financial activities 21
Notes to the detailed statement of financial activities 22

Rathlin Development and Community Association

Members' Annual Report

Year ended 31 March 2025

The members present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.

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) Ms Marina McMullan (Chair) Mr Tom McDonnell (Vice-Chair) Mr Ciaran McCurdy Mr Pablo Mitchell (Retired 6 March 2025) Miss Millie Eyre (Retired 6 March 2025) Ms Sorin McMullan Ms Charlie Bosanquet (Appointed 1 January 2025) Mr Ciaran Rooney (Appointed 6 March 2025) Mr Nigel Butler (Appointed 6 March 2025)

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 2025.

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 2025

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:

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.

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Rathlin Development and Community Association

Members' Annual Report (continued)

Year ended 31 March 2025

Achievements and performance

Introduction: The year has been characterised by sustained community engagement and community driven activity on Rathlin Island. The RDCA continued to deliver on its Community Investment Fund (CIF) objectives, strengthening governance, advancing climate action, improving inclusion, and deepening partnerships with statutory bodies, mainland groups and academic institutions. The RDCA has continued to act as a central hub for community development on Rathlin, supporting residents through improved access to training opportunities, strengthened inclusive community activities, active community partnerships, and influential representation to statutory agencies. Particular progress has been achieved through the Future Island-Island (FI-I) project, the LIFE Raft partnership, and ongoing community development and advocacy work relating to housing, ferry services, connectivity, health and wellbeing, and climate action. The RDCA's principal funding source is the Department for Communities Community Investment Fund (CIF). Much of our project delivery has been structured around the following CIF outcomes:

Learning community: Throughout 2024/25, the RDCA continued to identify, promote and signpost learning opportunities for residents, committee members and wider community participants. Approximately 60 residents engaged regularly with the Future Island-Island (FI-I) programme, benefitting from workshops, skills-building and practical learning activities focused on sustainability, circular economy, community engagement methodologies and micro-enterprise opportunities. Training delivered or facilitated/supported included: - Irish language training delivered weekly through the North Antrim Irish Language Development Officer - Continued fellowship-based learning with FI-I (9 fellowships awarded) - Yachtmaster training course (9-13 October 2024) - Practical training through the LIFE Raft project (including climbing, first aid, chainsaw/brush cutting)

The RDCA also developed and strengthened relationships with education and training providers, including People First/Invest NI, NI Water, Women's Resource and Development Agency (WRDA), and universities, particularly Ulster University and Queen's University, Belfast. FI-I also brings relationships with the Glasgow School of Art and the School of Art of London University. Engagement at Notre Dame University's Orkney Symposium further strengthened the RDCA's national and international connections. Community conversations on climate change and development were facilitated through FI-I workshops, community presentations, and participatory events such as 'We Built This City on Rock and Coal' (June 2024).

Inclusive Communities: The RDCA maintained and strengthened inclusive community activity throughout the year, supporting minority and vulnerable groups, young people, older residents and those experiencing isolation. Key achievements included sustained engagement with strategic partners on:

Youth work remained a core strength, delivered in partnership with the Education Authority (EA) Youth team. Weekly programmes continued (weather permitting), with youth participation in festivals, workshops, and cross-community engagements. One of the young people who had completed a Youth Leadership Training Programme delivered a strong presentation at the RDCA AGM (March 2025), highlighting the impact of youth provision. The RDCA continues to include young people on the Committee.

Support for older residents and those with disabilities remained a priority. Advocacy continued for the reinstatement of NIHE Floating Support provision. Interim support was facilitated through social work students and continued lobbying. A new staff member is expected to take up the Floating Support post in May 2025. Advocacy with Causeway Coast & Glens Borough Council continued on disability

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Rathlin Development and Community Association

Members' Annual Report (continued)

Year ended 31 March 2025

facilities for the island.

Active communities: The RDCA continued to build strong partnerships and networks to enhance capacity and local delivery. Participation was maintained with networks including Rural Community Network (RCN), NI Council for Voluntary Action (NICVA), International Association for Community Development (IACD), Community Development & Health Network (CDHN), Northern Area Community Network (NACN), Development Trust NI (DTNI) and Causeway Coast & Glens Heritage Trust (CCGHT).

Community engagement extended to joint activities with mainland groups, particularly in planning for the Rathlin Sound Maritime Festival 2025 and collaboration on youth programmes.

The RDCA continued to engage with other island communities nationally and internationally, including connections with Samsø Energy Academy (Denmark), Inishbofin (Ireland), and participation in global island forums such as the Virtual Island Summit (September 2024).

Work continued on the development of the East Lighthouse project, and the Project Board is widening its conversations to explore partnerships with other institutions, significantly through the University and FI-I, with the aim of strengthening the team and building a more robust and researched business case. Voluntary activity was promoted and coordinated, including beach clean events throughout the year, with community and partner participation. These events contributed to environmental wellbeing and education, particularly linked to the circular economy themes and activities with FI-I.

The RDCA Resource Centre continued to operate as a critical community asset, providing services and acting as a hub for communications, partnership engagement, training and advocacy work.

Influential communities: The RDCA sustained a high level of advocacy and engagement with government departments, Council and statutory bodies. Frequent meetings were held with departments and agencies, alongside continuous communication. Notable highlights included: - Visit by the DfI Minister (10 October 2024) engaging on ferry services, biosecurity, housing and infrastructure.

The RDCA responded to key consultations including DAERA's Marine Protected Areas consultation and Blue Carbon Action Plan consultation, and Tourism NI consultation on the Causeway Coastal Route.

A major democratic innovation during the year was the development of the Rathlin Citizen's Panel, a deliberative mini-public engaging randomly selected residents to shape recommendations on future ferry services. The initiative has been financed through FI-I, welcomed by DfI, and informed by Involve UK's Northern Ireland manager.

The RDCA also launched a participatory budgeting initiative, 'Grugach's Green Gold', supported through RDCA social enterprise funds and additional grant support. Bids will be presented for voting in May 2025.

Programme impact and delivery: The RDCA continued to gather evidence of effective community development practice through creative and participatory methods. The FI-I progressed into final stages of analysis and design on the community's work with Visual Minutes and Appreciative Inquiry, producing a narrative of positive community development over a ten-year period. This work has been showcased as a case study in international conferences and will be shared locally and publicly during 2025. The RDCA maintained good governance and information management practices, ensuring compliance with reporting and claims requirements. Policies and procedures were reviewed by the Committee as required.

Inclusion/Accessibility, Sustainability and Climate Change: Significant actions were taken, including installation of renewable energy infrastructure (solar panels and e-vehicle charge points on Manor House and ferry shelter), continued development of Rathlin Climate Action planning, and ongoing work with FI-I on sustainability. A Repair Café event (delivered in April 2025) saved 139kg from landfill and prevented an estimated 1,554kg CO2 emissions.

Funding: The RDCA is grateful for the continuing funding support for salaries and running costs from

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Rathlin Development and Community Association

Members' Annual Report (continued)

Year ended 31 March 2025

the Department for Communities' (DfC) Community Investment Fund (CIF), with supplementary support from the Causeway Coast & Glens Borough Council, and occasional additional funding for small, one-off projects. It is with the promise of this ongoing support that the RDCA was able to continue its work into the 2025-26 period.

Conclusion: The year ending 31st March 2025 demonstrated the RDCA's sustained commitment to strengthening Rathlin Island as a learning, inclusive, active and influential community , and its ability to attract and work creatively with a range of partners. Delivery through CIF has supported strong community engagement, improved skills and training access, strengthened youth provision, environmental and climate action initiatives, and continued advocacy for essential infrastructure and services.

The RDCA will continue to build on the foundations established during this period, maintaining and developing partnerships and community-led initiatives to ensure that Rathlin Island remains resilient, connected and supported.

Financial review

The RDCA is currently working almost entirely with restricted funds only and does not have sufficient financial surplus to dedicate for reserves.

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 £87,771 (2024: £20,730) which has decreased the total fund balance carried forward to £763,462 (2024: £851,233). Its success in obtaining new funding for 2025/26 from Community Investment Fund will provide much needed additional resources.

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Rathlin Development and Community Association

Members' Annual Report (continued)

Year ended 31 March 2025

Plans for future periods

PLANS FOR THE FUTURE

The RDCA will continue delivering community-led development aligned with the Rathlin Policy, and in accord with the strategies of our principal core funders, the Community Investment Fund of the Department for Communities. Core staffing will maintain and develop effective coordination, community support, and advocacy. The Rathlin Resource Centre will remain a key hub for information, training and partnership working.

The RDCA will continue to work in close partnership with statutory agencies, council, and sector networks, to improve transport, housing, health, education, basic service delivery and infrastructure, and strengthen the island’s voice in policy decisions. Working with other creative partnerships, eg Future Island-Island, LIFE Raft, and other island and mainland communities will further resource the island’s capacity to work towards sustainability and provide a clear opportunity for shared learning.

The RDCA’s programme will promote learning through training and climate conversations, while addressing inclusion by supporting young people, older residents and vulnerable groups, and advocating for improved disability access.

Community participation will be supported through cultural events, eg the NI Science Festival and Rathlin Sound (Maritime) Festival, community meetings, participatory budgeting, beach cleans and other activities.

In the short to medium term, the RDCA will continue to seek external grant support to sustain staffing and core operations. At the same time, social enterprise growth, including the Manor House and East Lighthouse project, will support our aspirations for economic resilience. The RDCA will seek to expand income from social enterprise and renewable energy initiatives, working toward carbon neutrality, greater financial independence and long-term sustainability for the island community.

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

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Rathlin Development and Community Association

Members' Annual Report (continued)

Year ended 31 March 2025

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:

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 19 March 2026 and signed on behalf of the board of trustees by:

Michael Cecil

Mr Michael Cecil (Treasurer) Member

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Rathlin Development and Community Association

Independent Examiner's Report to the Members of Rathlin Development and Community Association

Year ended 31 March 2025

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 2025.

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:

  1. accounting records were not kept as required by with section 63 of the 2008 Act; or

  2. the financial statements do not accord with those records; or

  3. 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

19 March 2026

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Rathlin Development and Community Association

Statement of Financial Activities

Year ended 31 March 2025

2025 2024
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 4 5,932 58,659 64,591 143,245
─────── ──────── ──────── ─────────
Total income 5,932 58,659 64,591 143,245
═══════ ════════ ════════ ═════════
Expenditure
Expenditure on charitable activities 5,6 6,527 145,835 152,362 163,975
─────── ───────── ───────── ─────────
Total expenditure 6,527 145,835 152,362 163,975
═══════ ═════════ ═════════ ═════════
─────── ───────── ───────── ─────────
Net expenditure (595) (87,176) (87,771) (20,730)
═══════ ═════════ ═════════ ═════════
Transfers between funds 5,960 (5,960) – –
─────── ───────── ───────── ─────────
Net movement in funds 5,365 (93,136) (87,771) (20,730)
Reconciliation of funds
Total funds brought forward (3,307) 854,540 851,233 871,963
─────── ───────── ───────── ─────────
Total funds carried forward 2,058
═══════		 761,404
═════════		 763,462
═════════		 851,233
═════════

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 12 to 19 form part of these financial statements.

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Rathlin Development and Community Association

Statement of Financial Position

31 March 2025

2025 2024
Note £ £ £
Fixed assets
Tangible fixed assets 15 719,302 791,686
Current assets
Debtors 16 813 813
Cash at bank and in hand 51,046 64,289
──────── ────────
51,859 65,102
Creditors: amounts falling due within one year 17 7,699 5,555
──────── ────────
Net current assets 44,160 59,547
───────── ─────────
Total assets less current liabilities 763,462 851,233
───────── ─────────
Net assets 763,462 851,233
═════════ ═════════
Funds of the charity
Restricted funds 761,404 854,540
Unrestricted funds 2,058 (3,307)
───────── ─────────
Total charity funds 19 763,462
═════════		 851,233
═════════

These financial statements were approved by the board of trustees and authorised for issue on 19 March 2026, and are signed on behalf of the board by:

Michael Cecil

Marina McMullan

Mr Michael Cecil (Treasurer) Member

Ms Marina McMullan (Chair) Member

The notes on pages 12 to 19 form part of these financial statements.

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Rathlin Development and Community Association

Statement of Cash Flows

Year ended 31 March 2025

2025 2024
£ £
Cash flows from operating activities
Net expenditure (87,771) (20,730)
Adjustments for:
Depreciation of tangible fixed assets 72,384 75,053
Accrued expenses/(income) 2,144 (2,870)
──────── ────────
Cash generated from operations (13,243) 51,453
──────── ────────
Net cash (used in)/from operating activities (13,243) 51,453
════════ ════════
Cash flows from investing activities
Purchase of tangible assets – (72,188)
──────── ────────
Net cash used in investing activities – (72,188)
════════ ════════
Net decrease in cash and cash equivalents (13,243) (20,735)
Cash and cash equivalents at beginning of year 64,289 85,024
──────── ────────
Cash and cash equivalents at end of year 51,046
════════		 64,289
════════

The notes on pages 12 to 19 form part of these financial statements.

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Rathlin Development and Community Association

Notes to the Financial Statements

Year ended 31 March 2025

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 2025

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:

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:

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 2025

3. Accounting policies (continued)

Depreciation

Depreciation is calculated so as 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 of 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

Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Donations
Donations received 3,192 – 3,192
Grants
Power NI Brighter Communities – 1,000 1,000
Causeway Coast & Glens Borough Council 150 4,250 4,400
Causeway Coast & Glens Heritage Trust – – –
Education Authority Youth Group Contribution – 69 69
Department for Communities 1,841 52,202 54,043
Department of Education – – –
DFI – – –
Halifax – 1,138 1,138
Other donations and legacies
Action Renewables 749 – 749
─────── ──────── ────────
5,932 58,659 64,591
═══════ ════════ ════════
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Donations
Donations received 2,006 – 2,006
Grants
Power NI Brighter Communities – – –
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 of Education – 80,000 80,000
DFI – 4,000 4,000
Halifax
 – – –

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Rathlin Development and Community Association

Notes to the Financial Statements (continued)

Year ended 31 March 2025

4. Donations & Legacies (continued)
Other donations and legacies
Action Renewables 731 – 731
─────── ───────── ─────────
3,519 139,726 143,245
═══════ ═════════ ═════════
5. Expenditure on charitable activities by fund type
Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Big Lottery administration expenses 21 1,922 1,943
Coastal Community Fund (now Life Raft RSPB) – 50,813 50,813
Community Investment Fund – 51,195 51,195
Support costs 6,506 41,905 48,411
─────── ───────── ─────────
6,527 145,835 152,362
═══════ ═════════ ═════════
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
─────── ───────── ─────────
8,492 155,483 163,975
═══════ ═════════ ═════════

5. Expenditure on charitable activities by fund type

6. Expenditure on charitable activities by activity type

Grant funding Total funds Total fund
of activities Support costs 2025 2024
£ £ £ £
Big Lottery administration expenses
and other support costs 1,943 48,411 50,354 55,790
Coastal Community Fund (now Life
Raft RSPB) 50,813 – 50,813 58,712
Community Investment Fund 51,195 – 51,195 49,473
───────── ──────── ───────── ─────────
103,952
═════════		 48,411
════════		 152,362
═════════		 163,975
═════════

7. Analysis of support costs

Total 2025 Total 2024
£ £
Premises 4,787 4,409
General office 294 1,357
Governance costs 100 100
Motor and travel expenses 95 598
Legal and professional fees 3,965 209
Depreciation 21,109 23,742
Events 17,894 23,167
General expenses 167 285
──────── ────────
48,411
════════		 53,867
════════

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Rathlin Development and Community Association

Notes to the Financial Statements (continued)

Year ended 31 March 2025

8. Analysis of grants
2025 2024
£ £
Grants to institutions
Grant expenditure less depreciation 73,693 152,865
──────── ─────────
Total grants 73,693 152,865
════════ ═════════
9. Audit and accountancy costs
2025 2024
£ £
Other Accounting Services 2,874 1,502
─────── ───────
2,874 1,502
═══════ ═══════
10. Net expenditure
Net expenditure is stated after charging/(crediting):
2025 2024
£ £
Depreciation of tangible fixed assets 72,384 75,053
════════ ════════
11. Independent examination fees
2025 2024
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 2,500 2,376
─────── ───────
2,500 2,376
═══════ ═══════
12. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2025 2024
£ £
Wages and salaries 42,872 41,496
════════ ════════
The average head count of employees during the year was 2 (2024: 2). The average number of
full-time equivalent employees during the year is analysed as follows:
2025 2024
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 (2024: Nil).

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Rathlin Development and Community Association

Notes to the Financial Statements (continued)

Year ended 31 March 2025

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.

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 2024 and 31 March 2025 1,048,436 118,018 80,027 1,246,481
════════════ ═════════ ════════ ════════════
Depreciation
At 1 April 2024 428,214 13,052 13,529 454,795
Charge for the year 60,755 9,295 2,334 72,384
──────────── ───────── ──────── ────────────
At 31 March 2025 488,969 22,347 15,863 527,179
════════════ ═════════ ════════ ════════════
Carrying amount
At 31 March 2025 559,467 95,671 64,164 719,302
════════════ ═════════ ════════ ════════════
At 31 March 2024 620,222 104,966 66,498 791,686
════════════ ═════════ ════════ ════════════

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

2025 2024
£ £
Other debtors 813 813
════ ════
17. Creditors: amounts falling due within one year
2025 2024
£ £
Accruals and deferred income 7,699 5,555
═══════ ═══════
18. Government Grants
2025 2024
£ £
Recognised in income from donations and legacies:
Government grants income 58,659
════════		 139,726
═════════

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Rathlin Development and Community Association

Notes to the Financial Statements (continued)

Year ended 31 March 2025

19. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At
At 31 March 202
1 April 2024 Income Expenditure Transfers 5
£ £ £ £ £
General funds (3,307) 5,932 (6,527) 5,960 2,058
═══════ ═══════ ═══════ ═══════ ═══════
At
At 31 March 202
1 April 2023 Income Expenditure Transfers 4
£ £ £ £ £
General funds 34 3,519 (8,492) 1,632 (3,307)
════ ═══════ ═══════ ═══════ ═══════
Restricted funds
At
At 31 March 202
1 April 2024 Income Expenditure Transfers 5
£ £ £ £ £
Big Lottery/Coastal
Communities
Fund/Community
Investment Fund 854,540 58,659 (145,835) (5,960) 761,404
═════════ ════════ ═════════ ═══════ ═════════
At
At 31 March 202
1 April 2023 Income Expenditure Transfers 4
£ £ £ £ £
Big Lottery/Coastal
Communities
Fund/Community
Investment Fund 871,929 139,726 (155,483) (1,632) 854,540
═════════ ═════════ ═════════ ═══════ ═════════
Analysis of net assets between funds
Unrestricted Restricted
Total Funds
Funds Funds 2025
£ £ £
Tangible fixed assets 3,231 716,071 719,302
Current assets 6,431 45,428 51,859
Creditors less than 1 year (7,604) (95) (7.699)
─────── ───────── ─────────
Net assets 2,058 761,404 763,462
═══════ ═════════ ═════════
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
═══════ ═════════ ═════════

19. Analysis of net assets between funds

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Rathlin Development and Community Association

Notes to the Financial Statements (continued)

Year ended 31 March 2025

20. Analysis of changes in net debt

At
At 1 Apr 2024 Cash flows 31 Mar 2025
£ £ £
Cash at bank and in hand 64,289
════════		 (13,243)
════════		 51,046
════════

21. Related parties

None of the members have been paid any remuneration or received any other benefits from an employment with the Charity or a related party during the year.

No member expenses have been incurred during the year.

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Rathlin Development and Community Association

Management Information

Year ended 31 March 2025

The following pages do not form part of the financial statements.

- 20 -

Rathlin Development and Community Association

Detailed Statement of Financial Activities

Year ended 31 March 2025

2025 2024
£ £
Income and endowments
Donations and legacies
Donations received 3,192 2,006
Power NI Brighter Communities 1,000 –
Causeway Coast & Glens Borough Council 4,400 4,032
Causeway Coast & Glens Heritage Trust – 1,138
Education Authority Youth Group Contribution 69 3,228
Department for Communities 54,043 48,110
Department of Education – 80,000
DFI – 4,000
Halifax 1,138 –
Action Renewables 749 731
──────── ─────────
64,591 143,245
──────── ─────────
──────── ─────────
Total income 64,591 143,245
════════ ═════════
Expenditure
Expenditure on charitable activities
Wages and salaries 42,872 41,496
Rates and water 207 196
Light and heat 1,092 1,199
Repairs and maintenance 393 25
Insurance 5,336 4,635
Other motor/travel costs 180 969
Legal and professional fees 7,134 3,878
Telephone 394 362
Other office costs 4,033 12,032
Depreciation 72,384 75,052
Subscriptions 125 305
Bank charges 151 154
Event costs 17,894 23,387
General expenses 167 285
───────── ─────────
152,362 163,975
───────── ─────────
───────── ─────────
Total expenditure 152,362 163,975
═════════ ═════════
───────── ─────────
Net expenditure (87,771)
═════════		 (20,730)
═════════

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Rathlin Development and Community Association

Notes to the Detailed Statement of Financial Activities

Year ended 31 March 2025

2025 2024
£ £
Expenditure on charitable activities
Administration expenses
Grant funding activities – Big Lottery
Depreciation 1,922 1,900
Bank charges 21 23
─────── ───────
1,943 1,923
─────── ───────
Support costs
Light & heat 223 574
Repairs & maintenance 28 –
Insurance 4,536 3,835
Motor/travel costs 95 598
Professional fees 1,760 –
Telephone (23) 123
Office costs 317 1,234
Depreciation 21,109 23,742
Subscriptions 125 305
Events Catering – 657
Bank Charges 100 100
Accountancy 2,080 (96)
Event Costs 17,895 22,510
General expenses 166 285
──────── ────────
48,411 53,867
──────── ────────
Coastal Community Fund (now Life Raft RSBP)
Grant funding activities
Repairs & maintenance 365 –
Motor/travel costs – 283
Office costs 1,080 8,784
Depreciation 49,353 49,410
Bank charges 15 15
Event costs – 220
──────── ────────
50,813 58,712
──────── ────────
Community Investment Fund
Grant funding activities
Wages and salaries 42,872 41,496
Rates & water 207 196
Light & heat 869 625
Repairs & maintenance – 25
Insurance 800 800
Motor/travel costs 85 88
Accountancy fees 3,294 3,974
Telephone 417 239
Office costs 2,636 2,014
Bank charges 15 16
──────── ────────
51,195 49,473
──────── ────────
───────── ─────────
Expenditure on charitable activities 152,362
═════════		 163,975
═════════

- 22 -