COMPANY REGISTRATION NUMBER: N1O29953
CHARITY REGISTRATION NUMBER: 100527
River Valley Development Association Limited
Company Limited by Guarantee
Unaudited Financial Statements
31 December 2022
PURDY QUINN
Chartered Accountants
Northern Bank House
42 Greencastle Street
KILKEEL
Co Down
BT34 4BH

River Valley Development Association Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2022
Page
Trustees, annual report (incorporating the director's report)
Report to the board of trustees on the preparation of the
unaudited statutory financial statements
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements
9-20

River Valley Development Association Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report)
Year ended 31 December 2022
The trustees, who are also the directors for the purposes of company law, present their report and the
unaudited financial statements of the charity for the year ended 31 December 2022.
Reference and administrative details
Registered charity name
River Valley Development Association Limited
Charity registration number
100527
Company registration number N1029953
Principal office and registered Hanna's Close
office
87 Aughnahoory Road
KILKEEL
Co Down
BT34 4AH
The trustees
Mr l Hanna
Mr J Callaghan
Mr R Forsythe
Mrs N Fisher
Mr D W Hanna
Mr J G Hanna
Mr G Fisher
Ms S Hanna
Ms S McKay
Mr M A Chambers
Mrs G Fisher
Mrs G Hanna
Ms K Hanna
Mr G J Mitchell
(Resigned 2 March 2023)
(Resigned 28 February 2022)
(Appointed 12 January 2022)
(Appointed 1 March 20221
(Appointed 1 March 2022)
(Appointed 1 March 2022)
Accountants
Purdy Quinn
Chartered Accountants
Northern Bank House
42 Greencastle Street
KILKEEL
Co Down
BT34 4BH

River Valley Development Association Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnuedj
Year ended 31 December 2022
Structure, governance and management
The charity was incorporated under the Companies (Northern Ireland) Order 1986, being a Cornpany
limited by guarantee not having a share capital. The date of incorporation was 18 September 1995.
The company was formally recognised by the Charity Commission for Northern Ireland on 11 March
2015. The company is governed by its Memorandum and Articles of Association.
River Valley Development Association Limited {RVDAI is managed by a Board of Directors. As
required on an ad hoc basis, the Board Members are responsible for considering the appointment of
potential new Board Members to the Board. Suitable people are approached and if they are willing to
serve on the Board, their nomination is put forward for approval by the Board. There is no maximum
term of office. Induction and training of directors is provided in house.
The accounts are prepared in accordance with the Companies Act 2006 and the Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021 (effective 1 January 2015) {Charities SORP (FRS 102)), the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021.
Objectives and activities
The charity's principal activity is working for the general benefit of the inhabitants of the town lands of
Aughnahoory, Ballinran, Carrigenagh, Leitrim and Aughnaloopy, Kilkeel, County Down and their
surrounding areas without distinction of age, sex or of political, religious or other opinions by
promoting general community projects of a social nature with the object of improving the conditions of
life for the said inhabitants and to stimulate and promote the economic potential of the area.
Achievements and performance
In 2022, RVDA experienced a remarkable surge in coltage bookings, marking one of the most active
years in the history of our organisation. The post-lockdown period witnessed a substantial influx of
tourists to the Mourne area, with individuals capitalising on the trend of staycations. To capitalise on
this favourable environment, RVDA launched a robust marketing campaign under the leadership of
Kaitlyn Hanna, one of our directors. The primary focus of this campaign was to attract tourists from
overseas and the Republic of Ireland (ROI). We are pleased to report that this campaign was highly
successful in boosting Cottage bookings through various social media platforms. Moreover, we
secured a small marketing grant, which was strategically allocated to advertise our cottages in local
newspapers, on the radio, and across social media channels, Additionally, a promotional video
showcasing our cottages and the surrounding area was produced.
Throughout 2022, our Office Administrator continued to efficiently oversee the booking process and
manage our housekeeping staff. To accommodate the heightened summer demand, we recruited two
part-time seasonal housekeepers. Fortunately, there were no significant cottage maintenance issues
during the year, owing to the substantial progress made in 2021. We also carried out essential
external drainage work in the vicinity, including the implementation of exterior tanking around Johnny's
cottage to prevent damp-related problems. Plans for cottage refurbishments were initially considered
but were postponed due to consistently high occupancy levels.

River Valley Development Association Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2022
Achievements and performance (continued)
In 2022, the Live Here Love Here Pollinator project was successfully completed and opened to the
public, serving as a valuable addition to the Close. The project included the establishment of a new
path with a diverse range of plantings to support and boost the local bee population. In collaboration
with a local beekeepers group, we installed beehives along the riverbanks. Their generosity in
donating honey for our charity in exchange for volunteering projects was greatly appreciated.
RVDA was honoured to receive a grant from the Heritage Lottery Fund (HLFI to employ a Heritage
Project Officer for a three-year term, commencing in September 2022. Laura Johnston assumed this
role and initiated the process of applying for additional Heritage grants while coordinating seasonal
events. The three main events - The Easter Egg Hunt, Pumpkins and Scarecrows, and Christrnas at
the Close
enjoyed significant attendance, resulting in much-needed funds for the preservation of
Hanna's Close.
Throughout the year, we facilitated bookings for Tommy's cottage, George's Garden, and the river site
for various charitable events. Additionally, members of our board conducted several radio and
television interviews, which significantly elevated our charity's profile.
Our Board of Directors met on a monthly basis to address matters pertaining to the cottages, staff, and
charitable projects. The Annual General Meeting (AGM) took place in March 2022, during which Gail
Fisher assumed the role of Treasurer. and the remaining board members were re-elected collectively.
Chairman David Hanna expressed his satisfaction with the continued growth of our charitable
endeavours and extended his gratitude to the board for their unwavering support. He acknowledged
the invaluable contributions of Vice Chairman Glyn Hanna, outgoing Treasurer Ronnie Forsythe,
Secretary Stacey Hanna, and Maintenance Director George Fisher for their counsel and support
throughout the year, Special appreciation was also extended to Lily Annett and her diligent staff for
their exceptional efforts in maintaining the cottages to a high standard. Chairman David Hanna
conveyed his thanks to the volunteer team and Events Subcommittee Chair Glyn Mitchell for their
successful event planning and execution in in 2022.
At the AGM, it was unanimously agreed to conduct an internal review of the entire operation with a
view to optimising the organisational structure and streamlining the accommodation services. The
results of this review will be presented to the board in 2023.
In summary, 2022 stands out as one of RVDA'S most successful years, and we eagerly anticipate
carrying this positive momentum into 2023.
Financlal review
The results of the charity are set out on pages 7 and 8 of the accounts.
Income
The charity received donations from community events held during the year.
Project funding was also received from The Heritage Lottery Fund, Newry Mourne & Down District
Council , Tourism Nl, Keep Nl Beautiful.
Grant funding of £34,902 (2021- £38,272) spent in the period was recognised as income in the year to
31 December 2022. Remaining grants secured or received, but not spent at 31 December 2022 have
been recorded as deferred income and will be recorded as income in future years as the associated
obligations are meet.
The total income recorded for the year ended 31 December 2022 totalled £123,998 (2021- £128,618).

River Valley Development Association Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) f¢ontlnuedJ
Year ended 31 December 2022
Financial revlew (contlnuedj
enditure
The total costs incurred by River Valley Development Association increased from £103,027 in 2021 to
£114,170 for the year ended 31 December 2022.
This rise of £11,143110.8 % l included expenditure that was exceptional in nature and did not relate to
the normal running costs of RVDA.
£20,906 of the total costs were in relation to projects funded by grant income received during
the year.
Cottages underwent continued repair and maintenance.
Sur
Overall River Valley Development Association reported a surplus for the year of £9,828 (2021
£25,591).
River Valley Development Association continued to repay its bank loan and the loan from the Ulster
Community Trust during 2022.
Going forward, the board intend to focus on marketing to try increase occupancy statistics. They will
continue to explore opportunities for new community events at Hanna's Close.
Reserves Policy
Historically RVDA operated its charitable activities alongside negative profit and loss reserves.
However, the negative profit and loss reseNes reversed to a positive position during the year ended
31 December 2022. Regardless of this encouraging step, the directors are aware that the rese￿eS
position should be reviewed on an ongoing basis to ensure that the charity does not face any future
cash flowlfunding difficulties.
The nature of the properties within RVDA require significant funds simply to maintain them.
The directors would emphasise that the negative reserves were a result of the accounting policy
adopted regarding Deferred Capital Grants see note 1.
Going Concern
The directors believe that the charity's accounts should be prepared on a going concern basis on the
grounds that current and future sources of funding or support will be adequate for the charity's needs.
The directors have considered a period of ￿e1ve months from the date of approval of the accounts
and believe that the disclosures relating to the charity's ability to continue as a going concern made in
the accounts are more than adequate.

River Valley Development Association Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2022
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.
The trustees, annual report was approved on 28th September 2023 and signed on behalf of the board
of trustees by..
Mr D W Hanna
Trustee

River Valley Development Association Limited
Company Limited by Guarantee
Report to the Board of Trustees on the Preparation of the Unaudited Statutory
Financial Statements of River Valley Development Association Limited
Year ended 31 December 2022
report on the financial statements for the year ended 31 December 2022. which comprise the statement of
financial activities (including income and expenditure account), slalemenl of financial position and the related
notes.
RESPECTIVE RESPONSIBILITIES OF DIRECTORS AND EXAMINER
The charity's directors are responsible for the preparation of the accounts in accordance with the requirements of
the Companies Act 2006. Having satisfied myself that the charity is not subject lo audit under company law, and
is eligible for independent examination, it is my respon5ibilily to..
• examine the accounts under section 65 of the Charities Act,.
• lo follow the procedures laid down in the general Directions given by the Charity Commission for Northern
Ireland under section 65{9)(b} of the Charities Act.. and
• lo stale whether particular mallers have come lo my attention.
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{9llb) of the Charities Act. The examination included a review of the accounting records kept by the
charity and a comparison of the accounts presented with those records. 11 also included consideration of any
unusual items or disclosures in the accounts, and seeking explanations from the directors conceming any such
matters.
My role is lo slate whether any material matters have come lo my attention giving me cause lo believe..
That accounting records were not kept in accordance with section 386 of the Companies Act 2006.
That the accounts do not accord with those accounting records.
That the accounts do not comply with the accounting requirements of section 396 of the Companies Act
2006 and with the methods and principles of the Charities Slalement of Recommended Practice applicable
to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland.
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 matters11110 {4) listed above and, in
connection with following the Directions of the Charity Commission for Northern Ireland, I have found no mallers
that require drawing to your attention.
Una Cunningham FCA
Chartered Accounlanls Ireland
28th September 2023
PURDY QUINN
Chartered Accountants
Northern Bank House
42 Greencaslle Street
KILKEEL
Co Down
BT34 4BH

River Valley Development Association Limited
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 December 2022
2022
Restricted
funds Total funds
2D21
Unrestricted
funds
Total funds
Note
Income and endowments
Donations and legacies
Charitable activities
Other income
9,383
89,013
83
25,519
34,902
89,013
83
38,272
90,346
Total income
98,479
25,519
123,998
128,618
Expenditure
Expenditure on charitable activities
Other expenditure
Total expenditure
92,360
904
20,906
113,266
904
103,027
11
93,264
20,906
114.170
103,027
Net income
5,215
4,613
9,828
25,591
Transfers between funds
4,613
14,6131
Net movement in funds
9,828
9,828
25,591
Reconciliation of funds
Total funds brought forward
Total funds carried forward
15,132
8,025
23,157
(2,4341
23,157
24,960
8,025
32,985
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 9 to 20 form part of these financial statements.

River Valley Development Association Limited
Company Limited by Guarantee
Statement of Financial Position
31 December 2022
2022
2021
Fixed assets
Tangible fixed assets
Current assets
Debtors
Cash al bank and in hand
Note
15
381,315
396,055
16
10,967
89,508
100,475
7,352
39,378
46,730
Creditors.. amounts falling due within one year
Net current assets
Total assets less current liabilities
17
85,952
31,989
14,741
410,796
14,523
395,838
Creditors.. amounts falling due after more than one year
Net assets
18
362,853
32,985
387,639
23,157
Funds of the charity
Restricted funds
Unrestricted funds
Total charity funds
8,025
24,960
32,985
8,025
15,132
22
23,157
For the year ending 31 December 2022 the charity was entitled to exemption from audit under section
477 of the Companies Act 2006 relating lo small companies.
Directors, responsibilities..
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.,
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject lo the small companies, regime.
These financial statements were approved by the board of trustees and aulhorised for issue on 28th
September 2023, and are signed on behalf of the board by..
Mr D W Hanna
Trustee
G Fisher
Trustee
The notes on pages 9 to 20 form part of these financial statements.

River Valley Development Association Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2022
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northern I reland. The address of the registered office
is Hanna's Close, 87 Aughnahoory Road, KILKEEL, Co Down, BT34 4AH.
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 1021 (Charities
SORP (FRS 10211 and the Companies Act 2006.
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
A surplus of £9,828 was reported for the year ended 31 December 2022.
The Charity continues lo be very conscious of minimising expenditure. Although costs increased
during the 2022 accounting period, the increase was shown to have related to costs were grant
funding had been secured. The grant income of the charity increased accordingly.
The property letting income figures for 2022 were good as expected, following the lifting of Covid
19 restrictions. The Board are hopeful that this income can be maintained.
The directors are confident that there will be sufficient cash flow to make the day-to-day
payments and the monthly loan repayments in the foreseeable future.
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.

River Valley Development Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2022
Accounting policies (continued)
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 trustees 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 Iwo sub-classes.. restricted income funds or
endowment funds.
Incoming resources
All income is 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 ¢ategories of income..
Income from self-catering cottages is recorded in line with the booking date.
Other income is recognised in the period in which it is receivable and to the extent the goods
have been provided or on completion of the service.
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.
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..
expenditure on raising funds includes the costs of all fundraising activities, events,
non-charitable trading activities, and the sale of donated goods.
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.
other expenditure includes all expenditure that is neilher 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
allributable to a single activity are allocated directly to that aclivily. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
10

River Valley Development Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2022
Accounting pollcies (continued)
Tangible assets
Fixed assets are stated at cost less accumulated depreciation.
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 propety
Pathways Project
Fixtures and fittings
Government grants
Deferred capital grant
20/0 Straight line
51 straight line
15% reducing balance
The directors have relied on the 'True and Fair, override when accounting for deferred capital
grants.
The Statement of Recommended Practice, applicable lo 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)), recommends that
the 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. This has not been applied by
the charity as it would falsely inflate the reserves of the charity and distort its future trading
performance. The charity merely holds a lease on restored properties that will revert back to their
owners in due course.
Deferred capital grants in respect of capital expenditure are treated as deferred income and are
credited to the profit and loss account over the estimated useful life of the assets to which they
relate.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset to the extent
that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related service, the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in
the period in which it arises.
11

River Valley Development Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2022
Limited by guarantee
The Charity is incorporated under the Companies (Northern Ireland) Order 1986 as a Company
limited by guarantee and not having a share capital, with Company Number N1029953.
Donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Donations
Donations
Community events
1,175
8,208
1,175
8,208
Grants
Awards for All (Lottery)
Covid 19 Support Scheme
CJRS
Ulster Scots Agency
Tourism Nl
Tesco - Romany Caravan
NMDDC
National Lottery Heritage Fund
Keep Nl Beautiful
664
664
5,295
9,310
10,250
5,295
9,310
10,250
34,902
9,383
25,519
Unrestricted
Funds
Restricted Total Funds
Funds
2021
Donations
Donations
Community events
Grants
Awards for All (Lottery)
Covid 19 Support Scheme
CJRS
Ulster Scots Agency
Tourism Nl
Tesco - Romany Caravan
NMDDC
National Lottery Heritage Fund
Keep Nl Beautiful
525
7,498
525
7.498
8,025
13,484
8,025
13,484
1,371
2,969
600
1,000
2,800
1,371
2,969
600
1,000
2,800
21,507
16,765
38,272
12

River Valley Development Association Limited
Company Limited by Guarantee
Notes to the Financial Ststements (continued)
Year ended 31 December 2022
Charitable activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2022
Funds
2021
Accommodation
Community events
Genealogyleducation
Community Support
85,397
85,397
73,897
1,525
1,700
13,224
73,897
1,525
1,700
13,224
90,346
3,616
3,616
89,013
89,013
90,346
Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2022
Funds
2021
Sundry income
83
83
Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Preservation of historical buildings & community
Support costs
82,090
10,270
20,906
102,996
10,270
113,266
92,360
20,906
Unrestricted
Funds
Restricted Total Funds
Funds
2021
Preservation of historical buildings & community
Support costs
85,713
9,874
7,440
93,153
9,874
103,027
95,587
7,440
Expenditure on charltable activities by activity type
Activities
undertaken
directly Support costs
Total funds
2022
Total fund
2021
Preservation of historical buildings &
community
Governance costs
102,998
6,014
4,256
109,010
4,256
98,085
4,942
103,027
102,g96
10,270
113,266
13

River Valley Development Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 December 2022
10. Analysis of support costs
Analysis of
support costs Total 2022
Total 2021
Finance costs
Governance costs
Depreciation
Amortisation
Gain on disposal of Fixed Asset
2,317
4,256
20,302
(16,6051
2,317
4,256
20,302
{16,605)
2,483
4,942
19,425
(16,6261
(350)
9,874
10,270
10,270
11. Other expenditure
Unrestricted Total Funds Unrestricted Total Funds
Funds
2022
Funds
2021
Donation
904
904
12. Net income
Net income is stated after chargingl(crediting)'.
2022
2021
Depreciation of tangible fixed assets
20,302
19,425
13. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2022
2021
Wages and salaries
45,137
28,534
Pension costs
188
The average head count of employees during the year was 7 (2021.. 4).
No employee received employee benefits of more than £60,000 during the year12021'. Nil}.
14. Trustee remuneration and expenses
Trustee, Ms K Hanna received remuneration totalling £3,045 12021 £nil) in connection with
housekeeping duties performed. She reclaimed expenses totalling £1612021 £nil) in relation
to this role.
No other trustees received any remuneration and no other trustees claimed any expenses during
the year in connection with their duties. See related party note 26.
14

River Valley Development Association Limited
Company Limited by Guarantee
Notes to the Financial Statements fcontlnued)
Year ended 31 December 2022
15. Tangible fixed assets
Leasehold
property
Pathways Fixtures and
Project
fittings
Total
Cost
At 1 January 2022
Additions
Disposals
At 31 December 2022
698,493
59,930
57,417
5,562
13,000}
59,979
815,840
5,562
(3,000)
818,402
698,493
59,930
Depreciation
At 1 January 2022
Charge for the year
Disposals
At 31 December 2022
326,584
13,809
50,248
2,997
42,953
3,496
{3,000}
43,449
419,785
20,302
(3,000)
437,087
340,393
53,245
Carrying amount
At 31 December 2022
358,100
6,685
16,530
14,464
381,315
396,055
At 31 December 2021
371,909
9,682
16. Debtors
2022
2021
Trade debtors
Prepayments and accrued income
8,779
2,188
6,326
1,026
10,967
7,352
17. Creditors: amounts falling due within one year
2022
2021
Bank loans < 1 year
Trade creditors
Accruals and deferred income
Social security and other taxes
UCIT Loan < 1 year
Other creditors
2,384
15,316
56,274
4,533
5,499
1,946
2,311
11,889
11,912
701
5,176
85,952
31,989
15

River Valley Development Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2022
18. Creditors: amounts falling due after more than one year
2022
2021
Accruals and deferred income
Loans > 1 year
351,931
10,922
368,536
19,103
387,639
362,853
19. Deferred income
2022
2021
At 1 January 2022
Amount released to income
368,536
(16,605)
351,931
385,162
{16,626}
368,536
At 31 December 2022
20. Pensions
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined
contribution plans was £188 (2021. £Nill.
21. Government grants
The amounts recognised in the financial statements for government grants are as follows..
2022
2021
Recognised in creditors..
Deferred government grants due after more than one year
351,931
368,536
All capital grants are credited to the balance sheet to be amortised over the length of the
ownership of the assets. Amortisalion at 2,/0, 50/0 and 150/0 on property, plant and machinery and
fixtures and fittings respectively have been provided th rough the financial statements in line with
the accounting policy on depreciation. All revenue grants have been credited lo the profit and
loss account when received.
16

River Valley Development Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2022
22. Analysis of charitable funds
Unrestricted funds
At1
January
2022
Transfer
At31
fixed December
assets
2022
Income Expenditure
General funds
Original Contributions
(3,9141
19,046
98,479
(93,264)
4,613
5,914
19.046
24.960
15,132
98,479
{93,264)
4,613
At1
January
2021
At31
December
2021
Income Expenditure
Transfers
General funds
Original Contributions
(21,4801 111,853
19,046
195,5871
1,300
(3,9141
19,046
12,4341 111,853
(95,587)
1,300
15,132
Restricted funds
At 1
January
2022
Transfer
At31
fixed December
assets
2022
Income Expenditure
Awards for All (Hay Shed)
NMDDC
U Ister Scots
CJRS
Tourism Nl
Tesco - Romany Caravan
Nalional Lottery Heritage Fund
Keep Nl Beautiful
8,025
8,025
5,295
(5,2951
664
1664)
9,310
10,250
25,519
(8,521)
16,426)
(20,906}
(789)
13,8241
(4,613)
8,025
8,025
At1
January
2021
At31
December
2021
Income Expenditure
Transfers
Awards for All (Hay Shed)
NMDDC
Ulster Scots
CJRS
Tourism Nl
Tesco - Romany Caravan
National Lottery Heritage Fund
Keep Nl Beautiful
8,025
2,800
2,969
1,371
600
1,000
8,025
{2,800}
(1,6691
11,371)
1600}
{1,0001
(1,3001
16,765
{7,4401
11,300)
8,025
17

River Valley Development Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2022
23. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
21,359
359,956
381,315
55,594
44,881
100,475
141,071)
{44,881)
185,9521
{10,922) {351,9311 {362,853)
24,960
8,025
32,985
Unrestricted
Funds
Restricted Total Funds
Funds
2021
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Provisions
19,494
376,561
396,055
44,755
1.975
46,730
130,0141
(1,975)
131,9891
{19,103) 1368,536} 1387.639)
Net assets
15,132
8,025
23,157
24. CapStal commitments
The directors have confirmed that there were no capital commitments at 31 December 2022.
25. Contingencies
The directors have confirmed that there were no contingent liabilities which should be disclosed
at 31 December 2022.
18

River Valley Development Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2022
26. Related parties
The directors are the ultimate controlling party of the charity.
The charity has continued to lease 10 cottages during the year.
These 10 properties are leased from three directors of the charity.
The directors of the charity have supplied the properties as follows..
Director
Cottage
Director
Mrs N Fisher
Stable
& Mr G Fisher
Mr J Callaghan
Barn
W John's
Carthouse
George's
Johnny's
Tommy's
The Office
Cottage
Murphy's
Callaghan's
The 'Callaghan' properties had their leases extended to 2023 and the remaining eight leases
at Hanna's Close were for 50 years, commencing in 1998.
The owners of the properties received no monetary value for the leases. The properties will
revert back to the owners at the end of the respective leases for no consideration.
During the year the charity paid wages of £3,045 12021 £nil} to trustee, K Hanna. This
represented a commercial transaction in relation to services provided by Ms Hanna with regard
to housekeeping duties.
During the year the charity was invoiced £7,350 (2021 £nil) from Mourne Landscapes Ltd, a
business controlled by director M Chambers. This represented a commercial transaction in
relation to services provided by the business with regard to fulfilling various grant projects during
the year. At the balance sheet date Mourne Landscapes Ltd was owed £1,00012021 £Nil}.
During the year the charity was invoiced £3,901 12021 £7,323) from a business controlled by a
close family member of director G Fisher. This represented a commercial transaction in relation
to services provided by the business with regard to ground maintenance contracts, repairs and
grant projects. At the balance sheet date the business related to G Fisher was owed £Nil12021
£3,456}
Trustee Ms S Hanna occupied the RVDA property known as 'Johhny's', from 5 Oct 2022 in
connection with her role in the ongoing board review of the effective running of Hanna's Close.
Ms Hanna was not charged rent for use of this propety.
19

River Valley Development Association Limited
Company Limited by Guarantee
Notes to the Financial Statements (conflnuedj
Year ended 31 December 2022
27. Going Concern
The Charity meets its day lo day working capital requirements through a net overdraft with First
Trust.
The current economic conditions create some uncertainty particularly over the availability of bank
finance in the foreseeable future. The board, taking account of reasonable possible chan ges in
the charity's operating performance, are satisfied that the Charity should be able to operate
within the level of its current facility and will have adequate resources to continue in operational
existence for the foreseeable future. For these reasons, they continue to adopt the going concern
basis in preparing the annual report and accounts.
The going concern basis assumes that the charity will continue in operational existence for the
foreseeable future having adequate funds to meet the obligations as they fall due.
20