Company Registration Number: N1072986 Charity Number- NIC101191 Ardmore Rural Community Association IA Company limited by guarantge. not having a share capital) Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2025 Daly Park & Company Ltd Chartered Accountants and Independent Examiners 4 Carnegl8 Street Lurgan Co. Armagh BT66 6AS Northern Ireland
Ardmore Rural Community Association IA company limited by guarantee, not having a share ¢apital} CONTENTS Page Trustees, and Other Information Trustees, Annual Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Aclivities Balance Sheet Notes to the Financial Statements
Ardmore Rural Community Association {A company limited by guaranlee, not having a share capital) TRUSTEES, AND OTHER INFORMATION Trustees Mr Malcolm Stevenson Mrs Anne Elizabeth Turkington John Joseph Abraham (Resigned 181h July 20241 Ms Lelia Cordner (Appointed 1 July 2024} Mrs Ethel Parks Ms Dora Edgar Mrs Mary Elizabeth Stevanson Ms Roberta Turkington Ms Anna Mccammick (Appointed 1 July 20241 Mr Gary Mccavish Derek Turkington Charity Number in Northern Ireland NIC101191 Society Number N1072986 Registèred Office 6 Lennys Road Derryadd Lurgan Co. Armagh BT66 6QS Northem Ireland Prlncipal Address 6 Lenny's Road. Deryadd Lurgan Co. Armagh BT66 6QS North6m Ireland Independent Examlner Daly Park & Company Ltd Chartered Accountants 4 Cam&gi8 Strèet Lurgan Co. Armagh BT66 6AS Northern Ireland Principal Bankers Santander 21 Market Street Lurgan Co. Armagh BT66 6AR Northern Ireland
Ardmore Rural Community Association IA company limited by guarantee, not having a share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2025 The ITUStees present their Trustees, Annual Report, combining the Directors, Report and Trustees, Report, and th8 unaudited financial stalem8nts for the financial year ended 31 March 2025. The financial slatements are prepared in accordance with the Companies Acl 2006, 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 statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. 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 tnjstees. In this report the trustees of Ardmore Rural Community Association present a summary of its purpose, govemance, activities, achievements and finances for the financial year 31 March 2025. The charity is a registered charity and hence the report and results are presentèd in a form which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Stat8ment of Recommended Practice (Charities SORP effective January 20151, the organisation has implemented its recommendations where relèvant in these financial ststements. Principal Activity Other amusements and recreation activities not elsewhere classified. Mission, Objectives and Strategy Objectives Ardmore Rural Community Association has been able. through part funding from SOAR I DARD to replace an cild derelict redundant primary school with a new purpose-built Community Hall, officially opened on 29.08.2014. The community hall facilitates regular youth groups, senior citizens groups, bowling club, health & fitness classes, community social & celebratlon events. In addition, the hall is also used to facilitate communityl personal development classes including Arts and crafts, flower arranging, health & safety, first aid, healthy & wellbeing, yoga, keep fitl sports, all supporting the needs of the rural community. To supplement cosls for the various classes and social events which we organise, we offer the opportunity for private hire of the Hall for partiesl functions, etc. We maintain and offer an ideal facility for local r8sidents to meet and share with others in the community. Review of Activities. Achlevements and Performance The financial support of the community development grant from Amagh, Banbridge and Craigavon Council has baen crucial to maintaining the work of Ardmore Rural Community Association. together with the Association's own fundraising activities including the hire of the hall to meet the recurrent costs. This enabled ACRA to relain 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 Loughshor8 Care Partnership {LCPI to support activities for th8 Senior Citizens Group. Th8se groups continue to provide a very necessary social outlet to address social isolation. ARCA will continu8 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, particulady in relation to electricity, heating oil and insurance. The hall incurred significant costs as a result of stomi Eowyn in January 2025 when there was an electric outage for 10 days, resulting in a loss of income plus repairs to the heating boiler, alarm systems and some minor structural repairs. In order to raise additional funds for the incoming year, a number of events have been planned, including Big Breakfast. car boot sale and BBQ. While it is hoped that such 8V8rits will meet any shortfall in income Dver expenditure. the 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 Ihe Charities Commission in line with requiremants. Oncè again, I wish to thank all those who have willingly volunteered their time to organise and deliver events. support fundraising, maintain the hall and the grounds and to the greater community who have helped and supported activities throughout the year. Particularly, Roberta our Secr8tary, Ethel our Treasurer, and Anne who continues to r8pres8nt ARCA on the Loughshore Care Partnership {LCPI Committee and organises the Senior group meetings.
Ardmore Rural Community Association A company limited by guarantee, not having a share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2025 ARCA continues to work closely with other rural community groups as opportunities arise, including Derrytrasna, Birches, Maghgry and Aghagallon through LCP and South Lough Neagh Regeneration Association. Derek Turkington Reserves policy ARCA'S aim is to achieve a level of £6.000 cash-backed reserves. Public Benefits Statement 11 In relation to CommLtnity developmant the public benefit of ARCA is Althe improved community life through the recreation facilities which we maintain and provide for use by Ihe local community-, Bl By organising and facilitating a variety of educational & social functions at our premises. we enable all sections of our community lo socialis8 together and reduce the potential problems of isolalion in rural communities-, Cl ARCA provide a community cenlre for benefit of all local inhabitants from parentsl tots, youth groups though to senior citizen groups,. D} The benefits can bg measured by the success of our events and feedback either vorbal or written. 2} In relation to Advancement of health A) The public benefit is the improved knowledge and understanding we provide to groupsl individuals who attend classes such as First aid, mental health first aid, healthy ealingl cooking, etc. Bl The exercise and fitness classes such as yoga, and dance again improve general health and wellbeing of participants. C} The provision of m8als cooked and supplied by our volunteers., DI All of the above are beneficial to the wellbeing of the local inhabitants. There are no private benefits or polenlial harni from any of these objectives. Financial Results At the end of the financial year the charity has assets of £228,45512024 £231,085) and liabilities of £19,466 {2024 £19,400). The net ass8ts ofthe charity have decreased by £{2,6961. Structure, governance and rnanagement Ardmore Rural Community Association is a company limited by guarantee governed by its Memorandum and Articles of Association dated 23rd June 2009. In the event of the charity being wound up, the liability in respecl of the guarantee is limited to £1 per m8mber of the charity. The company is under the control of the directors who are therefore acting as trustees for the charity. Truste8S The trustees who served throughout the financial year, except as noted, were as follows.. Mr Malcolm Stevenson Mrs Anne Elizabeth TUington John Joseph Abraham (Resigned 181h July 2024) Ms Lelia Cordner {Appointed 1 July 20241 Mrs Ethel Parks Ms Dora Edgar Mrs Mary Elizabeth Stevenson Ms Roberta Turkington Ms Anna Mccammick (Appointed 1 July 20241 Mr Gary Mccavish Derek Turkington In accordance with the Articles of Association, the directors retire by rotation and being eligible, offer themselves for re- election. Compliance with Sector-wide Legislation and Standards The charity engages proaclively with legislation, standards and codes which are developed for the s8Ctor. Ardmore Rural Community Association subscribes to and is compliant with the following.. The Companies Act 2006 Thé Charities SORP (FRS 1021
Ardmore Rural Community Association IA company limited by guarantee, not having a share capltall TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2025 Approved by the Board of Trustees on 12th August 2025 and signed on its behalf by.. Derek Furkingt Trustèe
Ardmore Rural Community Association IA company limited by guarantee, not havlng a share capital) STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 March 2025 The trustees, who are also directors of Ardmore Rural Community Association for the purposes of company law, are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the trustees as the directors, to pr8par8 financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law th8 truste8s must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the SUTplus or dèficit of the company for that period. In preparing these financial statements, the trustees are r8quired to: select suitable accounting policies and apply them consistently., make judgements and estimates that are reasonable and prudent., state whether the financial statements have b8en 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 il is inappropriate to presume that the charity will continue in opèration. The trustees confirm that they have complied with the above requirements in preparing the financial stat8ments. The trustees 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 lime the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. 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 th8 Board of Trustees on 12th August 2025 and signed on its bohalf by.. Derek Turkington Trustee
Ardmore Rural Community Association IA Company limited by guarantee, not having a share capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF ARDMORE RURAL COMMUNITY ASSOCIATION We have examinad the financial statements of the charity for th8 financial year ended 31 March 2025, which comprise the Statemenl of Financial Activities (incorporating 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 Chapt8r 3of Part 16 ofthe Companies Act 2006. OurwoTk has been undertaken so thatwe might compile the financial statements that we have been engaged to compile, report to the Board of Truste8S that we have done so, and state those matters that we have agreed to slate 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 rèport. Respective responsibllltles of trustees and examiner The charity's tnjstees (who are also the directors of the company for the purposes of company lawl are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The harity's trustees consider that an audit is not required for this 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 stat8m8nts under section 65 of the Charities Act., follow the procedures laid down by the general Dir8Ctions given by the Charity Commission for Northern Ireland under section 65191{b) of the Charities Act., and state whether particular matters have come to our attention. Basls of Independent examiner's report We have examined your charity financial statements as requir&d under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65191(bl of the Charities Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration ol any unusual items or disclosures in the financial statements and seeking 8xplanations from the Iruslees conceming any such matters. The procedures 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 present a 'true and fail view, and th& report is limited to those matters s8t out in the stalement below. In connection with our examination, no matter has come to our attention which gives us cause to believe that in, any material respect-. accounling records were not kept in accordance with seclion 386 of the Companies Act 2006 the financial stat8ments do not accord with those accounting records the financial statements have not been prepared in accordance with the accounting requirements of section 396 of the CompaniesAct2006 and with th8 mathods and principles ofthe Statement ofRecommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of1reland IFRS1021 there is further information needed for a proper understanding of the accounts to be r6ached. Independent •xamlner's statement We have no concerns and have come across no other matters in conn8Ction with the examination to which attentlDn should be drawn in this re ort in order to enable a proper understanding of the financial statements to be reached. DA K & COMPANY LTD Chaèt d Accountants and Independent Examiners 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland Date-. 12th August 2025
Ardmore Rural Community Association IA company limiled by guarantee, not having a share capital} STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an Income and Expendlture Account) for the financial year ended 31 March 2025 Unrestricted Restricted Funds Funds 2025 2025 Total Unrestricted Restricted Funds Funds Funds 2025 2024 2024 Total Funds 2024 Notes Incoming Resources Voluntary Income Activities for gen8rating funds 2,000 2,000 6,970 1,600 1,600 5,389 6,970 5,389 Total incoming resources 6,970 2,000 8,970 5,389 1,600 6,989 Resources Expended Charitable actiVTties 9,666 2.000 11.666 9,476 1,600 11,076 Net incomlngloutgoing resources before transfers (2,696) (2.696) 14,087} {4,0871 Gross transfers beeen funds Net movement in funds for the financial year (2,696) 12,696) 14,0871 14,0871 Reconciliation of funds: Total funds beginning of the year 10 {33,315} 245.000 211,685 {29,2281 245,000 215.772 Total funds at the end of the year {36.011} 245.000 208,989 {33,3151 245.000 211,685 Th8 Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities. The notes on pages 11 10 14 form part of the financial statements
Ardmore Rural Community Association (A company limited by guarantee, not having a share capltall Company Number.. N1072986 BALANCE SHEET as al 31 March 2025 2025 2024 Notes Fixed Assets Tangible assets 218,595 224,060 Current Assets Debtors Cash at bank and in hand 1,173 8,687 1,053 5,972 9,860 7,025 Credltors.. Amounts falling due within one year {1 g,4661 119,4001 Net Current Liabilities 19,6061 {12,3751 Total Assets less Current Llabilities 208,989 211.685 Funds Restricted trust funds General fund (unrestricted) 245,000 (36,011) 245.000 {33,3151 Total funds 10 208,989 211.685 These financi81 st8tements have been pr8pared in accordance with the special provisions relating to small companies within Part 15 ofthe Companies Act 2006. For the financial year ended 31 March 2025 the charity was entitled to 8x8mption from audit under section 477 of the Companies Act 2006., and no notice has been deposited under section 476. The trustees confinn that the members have not requir8d th8 company to obtain an audil of its financial statements foT the financial year in question in accordance with sèction 476 of Ihe Companies Act 2006. The trustees acknowledge their responsibilities for ensuring thal the charity keeps accounting records which comply with section 386 and fDr preparing financial statements which give a true and fair view of the state of affairs of the charity as at th8 @nd of the financial year and of its profit and loss for th8 financial year in accordance with the requirements DI sections 394 and 395 and which othenmise comply with the requiraments of the Companies Act 2006 relating to financial statements, so far as applicable to the charity. The financial statements have been prepared in accor(Sance with the provisions applicable to companies subject to the small companies, regime and in accordanca with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ir8land" applying Section 1A of that Standard. Approved by the Board of Trustees and authorlsed for Issue on 12th August 2025 and signed on Its behalf by Derek Turkington Trustee The notes on pages 1110 14 form part of the financial statements 10
Ardmore Rural Community Association IA company limited by guarantee, not having a Share capitall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 GENERAL INFORMATION Ardmore Rural Community Association is a company limited by guarant8e incorporated in Northern Ireland. The registered off ce of the charity is 6 Lennys Road, Derryadd, Lurgan, Co. Amiagh, BT66 6QS, Northern Ireland which is also the principal place of business of the charity. The financial statements have been presented in Pound 1£), which is also the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing wth items which are considered material in relation to the charity's finanGial statements. Basls of preparation The financial statements have been pr8pared on the going concem basis under the historical cost convention, modified lo include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice ISORP) '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 1 A of that Standard. As pemiitted by the Companies Act 2006, the charity has varied the standard fomiats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats 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 Statement of Recommended Practice ISORP}"Accounling and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir81and FRS 102" applying Soclion 1 A of that Standard. Incoming Resources Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally entitled lo the income, performance conditions attached to the item{sl of income have been met, the amounts involved can be measured with sufficient reliability and it is probable that the incom8 will be received by the charity. Resources Expended Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the charity but cannot b8 attributed to one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measure for each activity. Tangible fixed assets and depreciation Tangible fixed assets are staled at cost Dr at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original 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 2 % straight Line 200/0 Straight Ling Debtors Debtors ar8 r8cognisèd at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net ofany trade discounts due. Income recognised by the charity from government agencias and other co-funders, but not yet received at financial year end. is included in debtors. Cash at bank and In hand Cash at bank and in hand comprises cash on d8POSIt at banks rèquiring less than three months notice of withdrawal. 11
continued Ardmore Rural Community Association IA company limitad by guarantee, not having a share capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 Taxatlon No current or deferred taxation arises as the charity has been granted charitable èxemption. Irrecoverable valued added lax is expensed as incurred. The charity's activities fall within the exemptions afforded by th8 provisions of the Income and Corporation Taxes Act 1988. Accordingly, Ih8re is no taxation charge in these accounts. INCOME DONATIONS AND LEGACIES Unrestrlcted Restrlcted Funds Funds 2025 2024 Voluntary income 2.000 2.000 1,600 OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds 2025 2024 Other trading activities 6,970 6,970 5,389 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs other Costs Support Costs 2025 2024 Charitable actiVTties 11,666 11.666 11,076 NET INCOMING RESOURCES 2025 2024 Net Incoming Resources are stated after charginglcreditingl: Depreciation of tangible assets 5,465 5,379 TANGIBLE FIXED ASSETS Land and Fixtur8s, bulldlngs flttings and freehold equipment Total Cost At 31 March 2025 273,245 2,843 276,088 Depreciation At 1 April 2024 Charge for the financial year 49,185 5,465 2,843 52,028 5,465 At 31 March 2025 54,650 2,843 57.493 Not book value At 31 March 2025 218.595 218,595 At 31 March 2024 224,060 224,060 DEBTORS 2025 2024 Prepayments and accrued income 1,173 1,053 12
continu8d Ardmore Rural Community Association IA company limited by guarantee. not having a share capilall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 CREDITORS Amounts falling due wlthln one year 2025 2024 Other Creditors Accruals and deferred income 19,000 466 19.000 400 19,466 19,400 RESERVES 2025 2024 At the beginning of the year Deficit for the financial year 211,685 {2,696) 215,772 14,087) At the end of the year 208,989 211.685 10. FUNDS 10.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds At 1 April 2023 Mov8ment during tha financial year 129,2281 (4,0871 245.000 215,772 14,0871 At 31 March 2024 Movement during the financial year 133,3151 (2.696) 245,000 211,685 12,6961 At 31 March 2025 136,011) 245,000 208,989 10.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 Aprll 2024 Income Expenditure Transfers between funds Balance 31 March 2025 Restricted funds ACB & CB Council Grants Departmgnt of Agriculture & Rural Development 2,000 2,000 245,000 245,000 245,000 2,000 2,000 245,000 Unrestricted funds Unrestricted General 133,3151 6,970 9,666 136,0111 Total funds 211.685 8,970 11,666 208,989 11. STATUS The charity is limited by guarantee not having a share capital. The liability of the members is limited. Every member ofthe 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 financial year thereafter, for the payment of the debts and liabilit18s of the company contracted before they ceased to be members, and the costs, charges and expens8S of winding up, and for the adjustment of the rights of the contributors among themselves. such amount as may be required, not exceeding £ 1. 13
continued Ardmore Rural Community Association IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the fsnancial year ended 31 March 2025 12. CONTINGENT LIABILITIES Ardmore Parish Trustees have registered a charge dated 3rd June 2013 over all lands in Folios AR117753 and AR113820 by way of security for moni8s provided to the charily. The Department ofAgriculture and Rural Development has registered a Debenlure Mortgage Charge dated 3rd June 2013 over the assets ofthe company by way of security for grants provided. 13. TRUSTEE REMUNERATION The trustees did not receive, nor did they waive, any remuneration during tha current financial year. 12023 £nill. 14. INDEPENDENT EXAMINERS REMUNERATION The independent examiners, Daly Park & Company Ltd, received an independent examination fee of £400 inclusive of val for their professional work12024 - £4001. 14