Rural Health Partnership Statement of Financial Artivities for the year ended 31 March Z024 Unrestricted Funds Restricted Fund5 Total Funds 2024 Total Funds 2023 Notes Incoming resources Incoming resource5 frorii yeneratingfunds Voluntary income Other incoming resources Total incoming resources 133,862 15,252 149,114 155,604 21,025 176,629 289,466 36,277 325,743 194,482 52,432 246,914 Resources Expended Charitable costs Governance costs Total resources expended 130,836 5,295 136,131 90,307 12,369 102,677 221,144 17,664 238,808 180,347 3,971 184,318 Net incomtng resources for the year / Net income for the year 12,983 73,952 86,935 62,596 Total funds brought forward 152,533 19,481 172,014 109,419 Total fund carried forward 165,516 93,433 258,949 172,015 The statement of financial activities includes all gains and losses recognised in the period All incoming resources and resources expended derive from continuing activitie5. The notes on pages 7 to 11 form an integral part of these financial statements Rural Health Partnership Balance Sheet for the year ended 31 March 2024 Note 2024 2023 Fixed assets Tangible fixed assets 35,521 2,688 Current assets Debtors Cash at bank and in hand 1,138 230,700 231,838 7,859 167,998 175,857 Creditors: amounts falling due within one year 10 8,410 6,529 Net current assets 223,428 169,328 Total assets less current liabilities 258,949 172,015 Net assets 258,949 172,015 Funds Restricted income funds Unrestricted income funds 11 13 12 93,433 165,516 19,481 152,533 258,949 172,015 Approved on behalf of the board and authorised for issue on I g Tb", rt 201(F by Karl Hu hes Chairperson Margaret McGuire Treasurer The notes on pages 7 to 11 form an integral part of these financial statements Rural Health Panrbershlp Notes to the finandal statements for the year ended 31 March 2024 Accountlng pollcles The principal accounting poliaes are summarised below. The accounting policies have been applied consistentlv throughout the period. 1.1 Basis of accounting The financial statements have been prepared in compliance with the Statement of Recommended Piactice applicable to charities preparing their accounts with the FRS applicable in the UK and Ireland IFRS 1021 (Charities SORP IFRS 1021} and the Charities Act {Northern Ireland} 2008. 1.2 Incomin8 resources All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific poliaes are applied to particular categories of income- Voluntary income is received by way of grants, donations and gifts and 15 included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facillties are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Gifts donated for resale are included as incoming resource5 Wtthin activities for generating fund5 when thy are sold. Grant5, including grants for the purchase of fixed assets. are recognied in full in the statement of financial activities in the year in which they are receivable. Income from investments is Included In the year in which is it receivable. 1.3 Resources expended Expenditure is recogni5ed on an accruals basis when a liability is incurred which cannot be ftjlly recovered, and is reported as part of the expenditure to which it relates. Charitable expenditure comprises those costs incurred by the charity in the delivery of its artivitles and services for its beneficiaries. It includes both costs that c3n be allocated directly to such artivities and those costs of an Indirert nature necessary to support them. Governance costs Include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and ststutory requirements. Rural Health Partnership Notes to the financial statements for the year ended 31 March 2024 1.4 Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes all costs that are directly Equipment 25% straight line Voluntary income Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 Grants Receivable Southern Health & Social Services Board National Lottery Public Health Agency Princes Trust Heritage Lottery Global's Make Some Noise The Community Foundation Arts Council for Northern Ireland The Royal Countryside Fund Confederation of Community Groups 14,035 111,827 14,035 111,827 13,940 152,920 7,020 9,187 5,354 70,480 34,750 9.900 7,085 12,450 16,500 70,480 39,750 9.900 7,085 12,450 19,500 6,060 133 862 155 604 289 466 194 482 Other incoming resources Unrestricted Restrftted Total Funds Total Funds Funds Funds 2024 2023 Earned Income Donations 14,952 300 21,025 35,977 300 46,051 6,381 Rural Health Partnet5hip Notes to the financial statements for the year ended 31 March 2024 Charitable costs Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 Wages, salaries and pension Programme costs Administration Rent and room hire Travel, hospitality & volunteer expenses Computer & software costs Advertising & promotion Course fees & training Crisis Fund vouchers Printing, postage & stationery Membership Telephone Consultancy Repairs & Maintenance Sundry 85,502 18,305 12,700 7,381 1,787 1,208 241 85,502 59,537 14,180 11.122 2,294 1,208 263 91,432 45,880 15,769 5,725 3,992 1,436 370 3,820 6,400 1,003 41,231 1,480 3,741 507 22 30,816 30,816 927 1,000 796 6.984 5.646 869 927 1,000 796 270 3,505 6.984 5,496 30 150 839 745 130 836 180 347 Governance costs Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 Professional fees & accountancy Bank charges Insurance Heat & Light Depreciation 3,216 386 I,tJJ6 422 265 3,216 386 1,006 422 12,634 1,390 363 951 12,369 1,267 Net incoming resources for the year 2024 2023 Net incoming resources is stated after charging: Depreciation Taxation The charity's activitie5 fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988, Accordingly, there is no taxation charge in these accounts. Rural Trlealth Partnership Notes to the financial statements for the year ended 31 March 2024 Tangible fixed assets Buildings Fixtures Fittings & Equipment TOTAL Cost At l April 2023 Additions Disp05a15 At 31 March 2024 5,070 45,467 5,070 45,467 Depreciation At l April 2023 Charge for Year Eliminated on Disposal At 31 March 2024 2,382 12,634 2,382 12,634 Net Book Value at 31 March 2024 Net Book Value at 31 March 2023 Debtors 2024 2023 Grant & other debtors Prepayments 710 429 7,452 406 10. Creditors: amounts falling due within one year 2024 2023 Trade creditors & accruals Other creditors 8,051 359 6,167 362 io Rural Health Partnership Notes to the financial statements for the year ended 31 March 2024 11. Analysis of net assets between funds Unrestricted Restricted Total Funds Total Funds Fund5 Funds 2024 2023 Fund balances at 31 March 2024 as represented by: Tangible fixed assets Current assets Current liabilities 418 166,656 {1,559) 35,103 65,181 (6,851) 35,521 231,838 18.410) 2,688 175,857 {6,5291 165 515 258 949 172 015 12. Unrestricted funds 01-Apr 2023 Incoming Outgoing Resourc@s Resources 31-Mar 2024 General Funds 152 533 149 114 136 131 165 515 Purposes of unrestricted funds Funds which are expendable at the discretion of the directors in furtherance of the objects of the charity. In 13. Restricted funds 01-Apr 2023 Incoming Resources Outgoing Resources 31-Mar 20Z4 Restericted Funds 176 629 102 677 Purposes of restricted funds Donations or grants received which are dedicated by the donor for specific purposes. Such purposes are within the overall aim of the organisation. 14. Contingent liabilities The charity has a contingent liability to the grant awarding bodie5 to repay grants if certain conditions are not met. 11