Ardmore Rural Community Association IA company limited by guarantee, not having a share capltsll TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 The trustees present their Trustees, Annual Report. combining the Directors, Report and Trustees, Report, and Ihe unaudited financial statements for the financial year ended 31 March 2023. The financial statements are prepared in accordan with the Companies Act 20C6, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their financial slatements in accordan 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 oftrustees. In this report the trustees of Ardmore Rural Community Association present a summary of ils purpose, governance, activities, achievements and finan$ for the financial financial year 31 March 2023. The chartly is a registered charity and hence the report and results are presented in a fomi whith complies with the requirements of the Companies Act 2006 and, although nol obliged to comply with the Statement of Recommended Practice (Charities SORP effective January 2015), the organisation has implemented its recommendations where relevant in these financial statements. Review of Activities, Achievements and Perfomiance 202212023 has beèn another difficult year. While formal Covid restrictions had been removed, there was still some nervousness among the wider population to congregate in numbers. It may take another year or so for confidence to 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 the recurrenl 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 Cilizens Group. These groups continue lo 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 lo electricity, heating oil and insurance. In order to raise additional funds for the incoming year, a number of events have been planned. including Big Breakfasl, and car boot sale and BBQ. While rt is hoped that such events will meet any shortfall in income over expenditure, Ihe continuing escalating costs are particularly challenging for small community groups. The Draft 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 submitted to the Charities Commission in line with requirements. Once again, I wish to thank all Ihose who have willingly volunteered their time to ARCA, and have helped oul 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 wilh 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 Reserves policy ARCA'S aim is to achieve a level of £6,lJ)O cash backed reserves.
Ardmore Rural Community Association IA company limited by guarantee, not having a share capital) 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 lrfe 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; Cl 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 Ihe success of our events and feedback either verbal or written. 2) In relation to Advancement of health A) The public benefit is the improved knowledge and understanding we provide to 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.. DI All of the above can help Ihe well being of the local inhabitants. 3) In relation to education A) By providing training and access for senior cttizens on use of Internet., B) 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 to those providing training The benefits to those reIving training in use of computersl inlemet l e-mails, will enable them to A) communicate with friends I family, B} purchase items via intemet if required, including doing their shopping on-line and having it delivered, for isolated rural areas this could be valuable, Cl by giving people access 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 lifesiyle and less risk to harmful food poisoning issues.There are no private benefits or potential harm from any of these objectives. Financial Results At the end of the financial year the charity has assets of £235,173 (2022- £241.516) and liabilities of £19.401 (2022 - £19,401). The net assets of the charity have decreased by £(6.343).
Ardmore Rural Community Association IA company Ilmlted by guarantèè, not having a share ¢apitall TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 Structurej governance and management Ardmore Rural Community Association is a company limited by guarantee governed by ils Memorandum and Articles of Association dated 23Td June 2009.ln the event of the charity being wound up, the liability in respect of Ihe guarantee is limited lo £1 per member of the charity. The company is under the control of the direthrs who are therefore acting as trustees for the charity. Trustees The trustees who served throughout the financial year, eXp1 a5 noled, were as follows.. Mr Malcolm Stevenson Miss Helen Parks Mr Joshua Hamill Mr Mark Turkinglon Mrs Anne Elizabeth Turkinglon Mr John Joseph Abraham Mrs Ethel Parks Mrs Mary Elizabelh Stevenson Mr Gary Mccavtsh Ms Dora Edgar Mr Derek Turkin9lon In accordance with the Articles of Association, the direciors retire by rolalion and. being eligible, offer themselves for re-election. The secretary who served during the financial year was.. Ms Roberta Turkinglon Compliance with Sector-wide Legislatlon and Stsndards The charity engages pro-actively with legislation, standards and codes which are develgped for the sector. Ardmore Rural Community Association subscribes to and is compliant with the following.. The Companies Act2006 The Charities SORP IFRS 1021 Approved by the Board of Trustee¥ on c>43 and signed on Its behalfby: Mr Joh DireGtor Joseph Abraham
Ardmore Rural Community Association IA company Ilmited by guarantee, not having a shar* capital) STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 March 2023 The trustees, who are also directors of Ardmore Rural Communlly Association for the purposes of company law. are responsible for preparlng the financial statements in accordan¢e with applicable law and regulalions. Company law requires the ITuslees as the directors lo prepare financial slalements for each financial year. Under that law the Iruslees have elected lo prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Praelice (United Kingdom Aceounling Standards and applicable lawl including FRS 102 'The Financial Reporting Stsndard applicable In the UK and Republic of Ireland" Section 1A (Small Enliliesl. Under company law the trustees musl not approve Ihe financial slalements unless they are satisfied that they give a true and fair view of the slate of affairs of the Gompany and of the surplus or deficit of the company for that peTlOd. In preparing these financial statements. the Iruslees are iequired lo.. select suitable accounting policies and apply them consistently,. make judgements and estimates that are reasonable and prudent., slate whether the financial slalemenls have been prepared in accordance with the relevant financial reporting framewod<. identify those standards, and note the effect and the reasons for any material departure from those standards.. and prepare the financial statements on Ihe going conrn basis unles5 It is inappropriate lo presume that the charfty Wtll continue in operation. The trustees confim) that they have complied with the above iequiremenls in preparing the financial slalemenls. The trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the charity's transactions and disclose with reasonable accuracy al any time the financial position of the charity 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 taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trustees on and signed on its behalf by- rJoh Director Joseph Abraham