Company Number: N1072986 Charity Number: NIC101191 Ardmore Rural Community Association IA company limlted by guarantee, not having a share capitsl) Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2023 Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northem Ireland
Ardmore Rural Community Association A company limited by guarantee. not havlng a share capital) CONTENTS Page Trustees, and Other Information Trustees, Annual Report statement of Trustees, Responsibilities Independent Examinerfs Report Statement of Financial Activities Balance Sheet 10 Notes to the Financial Statements 11-14
Ardmore Rural Community Association {A company limited by guarantee. not having a Share capital) TRUSTEES, AND OTHER INFORMATION Trustses Mr Malcolm Stevenson Miss Helen Parks Mr Joshua Hamill Mr Mark Turkington Mrs Anne Elizabeth Turkington Mr John Joseph Abraham Mrs Ethel Parks Mrs Mary Elizabeth Slevenson Mr Gary Mccavish Ms Dora Edgar Mr Derek Turkington Company Secretary Ms Roberta Turkington Charity Number in Northern Ireland NIC101191 Company Nurnber N1072986 Registered Office 6 Lennys Road Derryadd Lurgan Co. Armagh BT66 6QS Northern Ireland Principal Address 35 Ardmore Road Derryadd Craigavon Co. Armagh BT66 6QP Northem Ireland Independent Examiner Daly Park & Company Ltd Chartered Accountants 4 Camegie Street Lurgan Co. Amiagh BT66 6AS Northern Ireland Bankers Sanlander 21 Market Street Lurgan Co. Armagh BT66 6AR Northern Ireland
Ardmore Rural Community Association {A company limited by guarantee. not having a share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 The tnjstees present their Trustees, Annual Report, combining the Directors. Report and Trustees, Report, and the unaudited financial stalemenls for the financial year ended 31 March 2023. The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended practi applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Trustees. Report contains the information required to be provided in the Trustees, Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees. In this report the trustees of Ardmore Rural Communily Associalion present a summary of its purpose, govemance, activities, achievements and ffinanS for the financial financial year 31 March 2023. The charity is a registered charity and hence the report and results are presenled in a form which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practice {Charities SORP effective January 2015), the organisalion has implemented its recommendations where relevant in Ihese financial statements. Review of Activities. Achievements and Perfomiance 202212023 has been another difficult year. While formal Covid restrictions had been removed, there was still some nervousness among the wider populalion to congregate in numbers. It may take another year or so for confidence lo fully return. The financial support from Armagh, Banbridge and Craigavon Council once again was crucial to maintaining the work of ARCA. The Council community development grant of £1,600, together with the Association's own activities including hire of hall met Ihe recurrent costs. This enabled ACRA to retain a sound financial position during this year. Ongoing activities during the year included yoga. art classes. bowling and Senior Citizens Group. Once again. ARCA was very appreciative of some funding received though Loughshore Care Partnership (LCP) to support activities for the Senior Citizens Group. These groups continue to provide a very necessary social outlet to addressing social isolation. ARCA will continue to explore new ways in which we can reach out to the wider community and maximise the use of Ardmore Community Hall. There has been a significant increase in costs, particularly in relation to electricity, heating oil and insurance. In order to raise additional funds for the incoming year. a number of events have been planned, including Big Breakfast, and car boot sale and BBQ. While it is hoped that such events will meet any shortfall in income over expenditure, the continuing escalating costs are particularly challenging for small community groups. The Drafi accounts were presented to the AGM. The final accounts prepared by Daly Park Accountants will be shared with the Committee and any queries arising will be addressed with accountants. Annual monitoring reports were submltted to the Charities Commission in line with requirements. Once again, I wish to thank all those who have willingly volunteered their time to ARCA, and have helped out with activities throughout the year. Particularly, Roberta our Secretary, Ethel our Treasurer. Derek our Vice Chairlgrass cutter, and Anne who continues to represent ARCA on the Loughshore Care Partnership (LCP) Committee and organises the Senior group meetings. ARCA continues to work closely with other rural community groups as opportunities arise, including Derrytrasna. Birches. Maghery and Aghagallon through LCP .and South Lough Neagh Regeneration Association. J.J. (lan) Abraham Resee$ policy ARCA'S aim is to achieve a level of £6,000 cash backed reseNes.
Ardmore Rural Community Association IA company limitsd by guarantee. not having a share capitsl) TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 Public Benefits Statement 1) In relation to Community development the public benefit of ARCA is A)the improved community life through the recreation facilities which we maintain and provide for use by the local community; B) By organising and facilitating a variety of social functions at our premises, we enable all sections of our community to socialise together and reduce the potential problems of isolation in rural communities., C} ARCA provide a community centre for benefit of all local inhabitants, from, parentsl tots, youth groups though to senior citizen groups; D) The benefits can be measured by the success of our events and feedback either verbal or written. 2) In relalion to Advancement of health A) The public benefit is the improved knowledge and understanding we provide lo groups who attend classes we provide in First aid , Healthy eating I cooking. CPR training etc-, B) The exercise and fitness classes such as Yoga. and Dance again improve general health and well being of participants., C) The provision of meals cooked and supplied by our volunteers; D) All of the above can help the well being of the local inhabitants. 3) In relation lo education A) By providing training and access for senior citizens on use of Internet,- Bl Training on Food I safety and hygiene., C) Training for volunteers on health and safety., D) All of above can be measured by feedback written or oral lo those providing training The benefits to those receiving Iraining in use of computersl internet l e-rnails, will enable Ihem to A) communicate with friends I family. B) purchase ilems via inlernel if required, including doing their shopping on-line and having it delivered, for isolated rural areas this could be valuable, C) by giving people aCsS to computers who may find cost of internet too expensive. D) keep up to date with on-line news and information. The benefits to those receiving training in food hygiene and health and safety will be healthier lifestyle and less rtsk to hamiful food poisoning issues.There are no private benefits or potential hami from any of these objectives. Financial Results At the end of the financial year the charity has assets of £235,173 (2022 - £241.5161 and liabilities of £19,401 {2022 - £19.401). The net assets of the charity have decreased by £(6,343).
Ardmore Rural Community Association IA eompany Ilmlted by guarantee, not having a share capitsll TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2023 Structure* governance and management Ardmore Rural Community Association is a company limited by guarantee govemed by ils Memorandum and Articles of Association dated 23rd June 2009.ln the event of the charity being wound up, the liability in respect of the guarantee is limited 10 £1 per member of Ihe Charity. The company is under the control of the directors who are therefore acting as truslees for the charity. Trustees The trustees who served throughout the financial year, except as noted. were as follows.. Mr Malcolm Stevenson Miss Helen Parks Mr Joshua Hamill Mrmark Turkinglon Mrs Anne Elizabeth Turkington Mr John Joseph Abrah8m Mrs Ethel Parks Mrs Mary Elizabelh SteVenn Mr Gary Mccavish Ms Dora Edgar Mr Derek Turkinglon In accordance with the Artides of Association, the directors retire by rotallon and, being eligible. offer Ihernselves for re-eledion. The secretary who seNed during the financial year was.. Ms Roberta Turkinglon Compliance with Sector-wide Legislatlon and Standards The charity engages pro-actively with legislation, standards and codes which are developed for the sector. Ardmore Rural Community Association subscribes lo and is compliant wtth the following.. The Companies Act2006 The Charities SORP (FRS 1021 Approved by the Board of Trustees on and signed on its behalfby: Mr Joh Director Joseph Abraham
Ardmore Rural Community Association IA Company limited by guarantee, not having a share capltall STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 March 2023 The trustees. who are also directors of Aidrnore Rural Communily Assoclalion for Ihe purposes of cornpany law, are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the Iruslees as the directors lo prepare financial slalements for each financial year. Under that law the trustees have elected to prepare the financi81 slalemenls in accordance with United Kingdom Generally Accepted Accounting Practice {Uniled Kingdom Accounting SlandaTds and applicable lawl including FRS 102 "The Financial Reporting Stsndard applicable in the UK and Republic of Ireland" Section 1A (Small Enlilies). Under company law the trustees musl nol approve the financial slalements unless they are satisfied that Ihey give a true and fair view of the slate of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the trustees are required to- select suitable aeeounling policies and apply them consislenlly., make judgements and eslimales that are reasonable and prudent.. slate whether the financial slalen7enls have been prepared in accordance with the relevant financial reporting framework, identify those standards, and note the effect and the reasons for any material departure from those standards., and prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the ¢harily will continue in operation. The trustees confirm that they have complied with the above requirements in preparing the financial statements. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charily's transactions and disclose with reasonable accuracy al any time the financial posilion of the eharity and enable them lo ensure that the financial slalements comply with. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trustses on and signed on its behalf by., rJoh Direetor Joseph Abraham
Ardmore Rural Community Association {A company limited by guarantee, not havlng a share capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF ARDMORE RURAL COMMUNITY ASSOCIATION We have examined the financial statements of the charity for the financial year ended 31 March 2023, which comprise the Statement of Financial AGlivilies {incorporaling an Income and Expenditure Account), the Balance Sheet and the related notes. This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our work has been undertaken so that we might compile Ihe financial statements that we have been engaged to wmpile, report to the Board of Trustees that we have done so, and slate those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members, as a body, for our work, or for this report. Respective responsibilities of trustees and examiner The charity's trustees (who are also the directors of the company for thè purposes of company law) are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The charity's truslees consider that an audit is not required for Ihis financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required. It is our responsibility to.. examine the financial statements under section 65 of the Charities Act., follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65(9}(b} of the Charities Act: and state whether particular matters have come to our attention. Basis of independent examinerfs report We have examined your charity financial statements as required under section 65 of the Charities Act and our examination was carried out in accordan with the general Directions given by the Charity Cotnmission for Northern Ireland under section 65(9)(b} of the Charities Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial slatements presented with those records. 11 also includes consideration of any unusual items or disclosures in the financial statements and seeking explanalions from the trustees concerning any such matters. The prOdureS undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts presenl a 'true and fairf view and the report is limited to those matters set out in the statement below. In connection with our examination. no matter has come to our attention which gives us cause to believe that in, any material respect= accounting records were not kept in accordance with section 386 of the Companies Acl 20C6 the financial slatements do not accord with those accounting records the financial slatements have not been prepared in accordance with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended PractiGe applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) there is further information needed for a proper understanding of the accounts to be reached. Independent examinerfs statement We have no conrn and have come across no other matters in connection with the examination to which attention should drawn i report in order to enable a proper understanding of the financial statements to be reached. ARK & COMPANY LTD Cha ered Accountants and Independent Examiners 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland Date: I |.iJ.l.z3............
Ardmore Rural Community Association (A company limited by guarantee. not having a share capital} STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an Income and Expenditure Account) for the financial year ended 31 March 2023 Unrestrlcted Restricted Funds Funds 2023 2023 Total Unrestricted Restricted Funds Funds 2022 2022 Total 2023 2022 Notes Incoming Resources Voluntary Income Activities for generating fvnds 1,660 1,660 2,947 2,000 2.000 1,770 2,947 1,770 Total incomlng resources 2,947 1,660 4,607 1,770 3,770 Resources Expended Charitable actNlties 9,290 1,660 10,950 13,421 2,000 15,421 Net incomingloutgoing resources before transfers Gross transfers between funds (6.343) (6,3431 {11,651) (11,651) Net movement in funds for the financial year (6,343} {6,343} (11.651) (11,651) Reconciliation of funds Balances brought forward at 1 April 2022 qo (22,885) 245,000 222,115 (11,234) 245,000 233,766 Balances carried foThvard at 31 March 2023 129,2281 245,000 215,772 (22,8851 245,000 222,115 The Statemenl of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to conlinuing adivities. The notes on pages 1010 13 form part of the financial statements
Ardmore Rural Community Association IA company limlted by guarantee, not havlng a share capital) Company Numbèr.. N1072986 BALANCE SHEET as at 31 March 2023 2023 2022 Note5 Fixed Assets Tangible assets 229,439 235.074 Current Assets Debtors Cash at bank and in hand 642 5.092 724 5.718 5.734 6,442 Creditors: Amounts falling due within one year 119,4011 {19.4011 Net Current Liabilitles 113.6671 112.959} Total Assets less Current Liabilities 215.772 222,115 Funds Reslricled liust fijnds General fund {unrestrictedl 245.000 129,2281 245.000 {22.8851 Total funds 10 215,772 222.115 These financial slalements have been prepared in accordance with the special provisions relang lo small companies within Part 15 of the Companies Act 2005. For the financial year ended 31 March 2023 the Charity was enlillerl to exemption from audit under section 477 of the Companies Act 2006: and no nolice has been deposited under section 476. The trustees confirm that Ihe members have not requiied the Company to obtain an audit of ils financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply wilh section 386 and for preparing financial statements which give a true and fair view of the slate of affairs of the charity as at the end of the financial year and of its profil and loss for the financial year in accordanee with the requirements of sections 394 and 395 and whieh otherwise comply with the requirements of the Companies Act 2006 relating to financial stalemenls. so far as applicable to the charity. The financial statements have been prepared in aecordanee with the provisions applicable to eompanies subject to the small cDtnpanies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republi¢ of Ireland" applylng Section 1A of that Standard. Approved by the Board of Trustees and authorised for issue on behalf by &nd sl9ned on its ose h Abraham Direct The notes on pages 10 to 13 form part of the financial statements
Ardmore Rural Community Association IA company Ilmited by guarantee. not havlng a share capltal) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2023 GENERAL INFORMATION Ardmore Rural Community Association is a company limited by guarantee incorporated in Northern Ireland. The registered office of the company is 6 Lennys Road, Derryadd. Lurgan. Co. Armagh, BT66 6QS, Northern Ireland which is also the principal place of business of the company The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity's financial stalements. Basls of preparatlon The financial statements have been prepared on the going concern basis under Ihe historical cost convention, modified lo include certain ilems at fair value. The financial stalements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounling and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Stsndard. As permitted by the Companies Act 2006, the charity has varied the slandard formals in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formals are to comply with the requirements of the Charities SORP and are in compliance with section 4.7. 10.6 and 15.2 of that SORP. Statement of compliance The financial statements of the charity for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Stalemenl of Recommended Practice {SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. Incoming Resources Voluntary income or capital is included in the Statement of Financial Activities when the charity is legally entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ullimate receipt. Entitlement to legacies is considered established when the charily has been notified of a distribution lo be made by the execulors. Income received in advance of due perfomiance under a contract is accounted for as deferred income until earned. Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis. Tangible fixed assets and depreciatlon Tangible fixed assets are stated at cost or at valuation, less accumulaled depreciation. The charge to depreciation is calculated to write off the ortginal cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows.. Land and buildings freehold Fixtures, fittings and equipment 20/0 Slraight ne 20 % Straight Line Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. Income recognised by the the charity from govemment agencies and other o>funders. but not yet received at year end. is included in deblors. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months nolice of wtlhdrawal. Taxation No current or deferred laxalion arises as the charily has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. The Gharity's activities fall within Ihe exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no laxation charge in these accounts. 11
Ardmore Rural Community Association (A company Ilmlted by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 INCOME DONATIONS AND LEGACIES Unrestrictsd Restricted Funds Funds 2023 2022 Voluntary income 1,660 1,660 2,000 OTHER TRADING ACTIVITIES Unrestrlcted Restricted Funds Funds 2023 2022 Other trading activities 2,947 2,947 1.770 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2023 2022 Charitable actNilies 1,660 9,290 10.950 15,421 NET INCOMING RESOURCES 2023 2022 Net Incoming Resources are stated after chargingl{crediting): Depreciation of tangible assets 5,635 5.635 None ofthe Trustees were paid any remuneralion during the year. TANGIBLE FIXED ASSETS Land and Fixtures, buildings fittings and freehold equipment Total Cost At 31 March 2023 273,245 2,843 276,088 Depreciation At 1 April 2022 Charge for the financial year 38,255 5,465 2.759 170 41,014 5,635 At 31 March 2023 43,720 2.929 46,649 Net book value At 31 March 2023 229,525 {86) 229,439 At 31 March 2022 234,990 235,074 DEBTORS 2023 2022 Prepayments and accrued income 642 724 12
Ardmore Rural Community Association {A company limited by guarantse, not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS conlinued for the financial year ended 31 March 2023 CREDITORS Amounts falling due within one year 2023 2022 Other Creditors Accruals and deferred income 19,000 401 19,000 401 19,401 19,401 RESERVES 2023 2022 At 1 April 2022 Deficit for the financial year 222,115 (6,343) 233,766 (11,651) At 31 March 2023 215,772 222,115 10. FUNDS 10.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds Al 1 April 2021 Movement during the financial year (11,234) (11,651) 245.000 233,766 (11.651) At 31 March 2022 Movement during the financial year (22.885} {6,343) 245.000 222.115 (6,343) At 31 March 2023 (29,228) 245,000 215,772 10.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2022 Income Expendituro Transfers between funds Balance 31 March 2023 Restricted funds ACB & CB Council Grants Department of Agriculture & Rural Development 1,660 1,660 245.000 245.000 245,000 1.660 1.660 245,000 Unrestricted funds Unrestricted General (22,885) 2,947 9,290 (29,228) Total funds 222,115 4,607 10,950 215,772 13
Ardmore Rural Community Association {A Company limited by guarantee, not having a share capltsll NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 11. STATUS The charity is limited by guarantee not having a share capital. The liability of the members is limited. Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members, or within one year thereafter. for the payment of the debts and liabilities of the company contracted before they ceased to be members, and the costs. charges and expenses of winding up, and for the adjustmenl of the rights of the contributors among themselves, such amount as may be required, not exceeding £ 1. 12. CONTINGENT LIABILITIES Ardmore Parish Truslees have regislered a charge dated 3rd June 2013 over all lands in Folios AR117753 and AR113820 by way of security for monies provided to the charity. The Department of Agriculture and Rural Development has registered a Debenture Mortgage Charge daled 3rd June 2013 over the assets of the company by way of securtty for grants provided. 14