Redrock Development Partnership (Company Limited by Guarantee) Annual Report For the year ended 31 March 2023 Registered Company Number. N1606565 Registered Charity Commission for Northern Ireland NIC 101893 Noel Conn & Company Chartered Accountants
Redrock Development Partnership Annual Report for the year ended 31 March 2023 Contents Trustees and other information,.. Trustees, Report.................................,................,..,..,.......,............................. StatementofTrustees' Responsibilities............................................................... IndependentAccountants' Report...,,................................,.................................. statement of Financial Activities................ Statement of Financial Position. Notes tothefinancialstatements.........................................................
Redrock Development Partnership Trustees and other information Trustees Mr Mervyn Dougan Mrs Roberta Elizabeth Kennedy Mr David Samuel Mccall Mrs Diane Roberta Woods Secretary Mrs Anne Elizabeth King Contact Details Mr Mervyn Dougan 97 Redrock Road Armagh BT60 2BN Email.. redrockd 79 Telephone.. 028 37551552 ahDO.co.uk Reporting Accountants Noel Conn & Company 7 Seven Houses English Street Armagh County Armagh BT617LA Bankers Ulster Bank English Street Armagh Santander Bootle, Merseyside, GIR OAA Charity Commission Northern Ireland Number NIC 101893
Redrock Development Partnership Trustees, report for the year ended 31 March 2023 The trustees, who are also directors present their report and the unaudited financial statements for the year ended 31 March 2023. Structure, governance and management The charity is an incorporated body, and is registered as a charity for tax purposes with HM Revenue and Customs No XT 28113. The charity is under the control of the Trustees as detailed out in the charity constitution, The charity is reco9nised as a charity under the Charity Commission for Northern Ireland as at the date of registration being 11 March 2015. Organisation The Trustees who have seNed during the year are detailed out on page 2. Public Benefit The Trustees believe that both our purposes and the activities undertaken in this last financial year clearly satisfy elements of the public benefit requirement. statement of Public Benefit The direct benefit which flows from this purpose inGlude improved levels of skills sets, increased knowledge and addressing social exclusion. This is evidenced through the numbers attending classes receiving accreditation and playing an increased role in the wider society. This benefits the residences of Redrock and the surrounding area. We aim to promote to our beneficences health and wellbeing through leisure activities. There is also improved mental heallh and physical wellbeing through keep fit, dance classes, talks and demonstrations on healthy eating. This Is evidenced through allendance particulady from the most marginalised and socially excluded and encouraging regular health checks prior to and conclusion of series of classes. They are necessary to ensure that benefit is provided to our beneficences to promote awareness of cultural heritage. The direct benefits that flow from this purpose is improved knowledge and skill sets and improved confidence. This is evidenced through numbers attending study visits and learning musical instruments. We aim to address rural poverty and isolation and increasing community development. This is evidenced through numbers attending and accessing benefits following classes and information sessions and the numbers involved in the wider community activities. ThBre is no harm associated with any of our benefits and any private benefit is incidental in that people may gain transferable skills These are necessary to ensure that benefit is provided to our beneficences. Objectives and Activities Redrock Development partnership was fomed in April 2003. The Tuesday club for Older People was formed in October 2004 with18 members which has grown steadily overthe years and currently boosts a rnembership of 79. We are a social group that have a particular interest in Dance and networking, and find that the physical activity side of our programmes helps people with their mental and physica5 health. Our group has become an important focus for our members and our weekly meetings are a support system for those that suffer from isolation and loneliness. Many ofour members have suffered from health problems ranging from cancer, stroke, heart disease, diabetes and arthritis and benefit greatly from the social activities that we provide each week. We also cary out computer classes, information evenings, first aid classes, farm safety and cultLEre evenings. Dividends and transfers to reserves In accordance with the memorandum of Association no portion of the company's income may be paid by way of dividend. The surplus for the financial year has been transferred to reserves.
Redrock Development Partnership Changes in fixed assets The movements in fixed assets during the year are set out in note 8 to the financial statements. Financial Review and Reserves The principal sources of income are from grants, donations and membership fees. The financial statements show a deficit for the year of £3,829. By order of the Trustees /1- /6)-2_ Me yn Trustee ougan Date
Redrock Development Partnership Statement of Trustees. Responsibilities The Trustees, who are also the directors are responsible for preparing the Trustees, Annual Report and the Financial Statements in accordance with the applicable law and United Kingdom Accounting Standards. The law applicable to charities in Northern Ireland requires the trustees to prepare financial statements for each financial year. Under that law the trustees have prepared the financial statements in accordance with Generally Accepted Accounting Practice in the United Kingdom laccounling standards issued by the Financial Reporting Council in the UK, including Charities SORP (FRS 102) Accounting and Reporting by Charities., Statements of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102} and promulgated by the Institute of Chartered Accountants in the United Kingdom and United Kingdom Law). Under th8t law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of the affairs of the chaFlty and of the statement of financial activities of the charity for that period. In preparing these financial statements, the trustees are required to- select suitable accounting policies and then apply the consistently., obserye the methods and principles in the Charities SORP., make judgements and estimates that a reasonab and prudent,. state whether the application of accounting standards have been followed, subject to any material departures disclosed and explained the Financial Statements., prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting reGords which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland} 2008 and the Charity (Accounts and Reports) Regulations (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection ol fraud and other irregularities. The trustees are responsible for the maintenance and integrity ol the corporate and financial information included on the charities website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in otherjurisdiclions. Accountants A resolLftion to re-appoint the Accountants, Noel Conn & Company, will be proposed at the annual general meeting. By order of the Trustees Mervy Trustee Dougan Date
Redrock Development Partnership Independent accountants, report on the unaudited accounts to the directors of Redrock Development Partnership. We report on the accounts of Redrock Development Parhership for the year ended 31 March 2023, which are set out on pages 7 to 13. Respective responsibilities of charity trustees and examiner As the charity trustees land also the directors of the company for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2000. Having being satisfied that the charity is not subject to audit under company law, and is eligible for independent examination, it is our responsibility to.. examine the accounts under section 65 of the Charibes Act follow the procedures laid down in the general Directions given by the Charity Commission for Northem Ireland under section 65(91(b} of the Charities Act state whether particular matters have come to our attention. Basis of independent accountants, report We have examined your charity accounts as required under section 65 ofthe Charities Act and our 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 inclLtded a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. Our role is to state whether any material matters have come to our attention giving us cause to believe.. That accounting records were not kept in accordance with section 386 ofthe Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the accoLtnting requiremonts of section 396 of the Companies Act 2006 and with the methods and principles of the Charities 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 That there is further informats'on needed for a proper understanding of the accounts to be reached. We have completed our examination and have no concems in respect of the matters listed above and, in connection with fo51owing the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing lo your attention, Noel Conn & Company Chartered Accountants 7 Seven Houses English Street Armagh BT617LA 16 October 2023
Redrock Development Partnership Statement of Financial Activities for the year ended 31 March 2023 Unrestricted Restricted Funds Funds 2023 2023 Total Funds 2023 Total Funds 2022 Notes Incomin Resources.. Voluntary income Donations Tuesday Club Grants Received Grants Released other income Activities to Generate Funds Fundraising Events Investment and Other Income 437 437 541 827 827 5,600 1,228 5,572 5,600 Total Incoming Resources 1,264 5,600 6,864 7,341 Resources Ex ended.. Charitable Activities Charitable Donations Administration Costs Establishment Costs Other Costs 2,869 2,645 405 2,869 2,645 5,180 2,008 2,456 5,290 4,775 Total Resources Expended 5,919 4,775 10,694 9,754 Net Incomel{Expenditure) for the year 11 (4,655} 825 (3,830) (2,4131 Gross Transfers between funds Net Incomel(Expenditure) for the year (4,078) (8,733) 4,078 4,903 (3,830) (2,413) Transfers inl{out} of Reserves Reconciliation of Funds Total funds brought forward 66,613 7,319 73,932 73,856 Total Funds to Carry Forward 57,880 12,222 70,102 71,443
Redrock Development Partnership Statement of Financial Position as at 31 March 2023 Employment of Capital Notes Unrestricted Restricted Funds Funds 2023 2023 Total Funds 2023 Total Funds 2022 Fixed Assets Tangible Assets 40,792 135,481 176,273 181,453 Current Assets Grant Debtors Cash at Bank and in Hand 17,589 17,589 17,589 17,589 21,140 Current Liabilities Sir W Allen Loan Credilors.. falling due within one year 501 501 499 501 99 501 Net Current Assetsl(Liabilities) 17,088 17,088 20,641 Total Assets Less Current Liabilities 57,880 135,481 193,361 202,094 Deferred Income . Capital Grants 10 123,259 12,222 123,259 70,102 128,162 73,932 57,880 Funds Unrestricted Funds Restricted Funds 57,880 12,222 70,102 66,613 7,319 73,932 For the year ended 31 March 2023, the company was entitled to an exemption under Article 257A ofthe Companies (Northern Ireland) Order1986. No members have required the company to obtain an audit of its accounts for the year in question in accordance with Article 257B{2). The directors acknowledge their responsibilities for complying with Ihe requirements of the companies Acl 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared in accordance with the special provisions applicable to companies subject to Ihe small companies, regime. The financial statements on pages 7 to 13 were approved by the board ol directors on 16 October 2023 and were signed on its behalf by.. Mr Douga Trustee
Redrock Development Partnership Notes to the financial statements for the year ended 31 March 2023 1. Principal accounting policies The financial statements have been prepared in accordance with applicable Accounting Standards. A summary of the more important accounting policies is set out below. Basis of accounting The financial statements are prepared in accordance with the historical cost convention. 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 certainly of its ultimate receipt. Entitlement to legacies is considered established when the charity has been notified of a distribution to be made by the executors. Income received in advance of due perfomance under a contract is accounted for as deferred income until earned. Grants for activities are recognised as inGome when the related conditions for legal entitlement have been met. All other income is accounted for on an accrua5 basis. Resources Expended All resources expended are accounted for on an accnjal basis. Charitable activities include costs of service5 and grants, support costs and depreciation on related assets. Costs of generating fund5 similarly include fundraising activities, Non -staff costs not attributed to one category of activity are allocated or apportioned pro-rat to the staffing of the relevant service. Finance, HR and administrative staff costs are directly altributable to individual activities by objective. Governance costs are those associated with constitutional and statutory requirements. Restricted Funds Restricted funds are accounted for in accordance with the particular terms of trust arising from the express or implied wishes of the donors in so far as these are intended to be binding on the charity. Where such wishes are not intended to be binding, they are taken into account and recognised in appropriately designated funds. Unrestricted Free Reserves Free Reserves represent amount which are expendable at the discretion of the trustees in furtherance of the objectives of the charity and which have not been designated for any other purpose. Such funds may be held in order to finance working capital or capital expenditure. Tangible fixed assets Depreciation is calculated so as to write off the cost of tangible fixed assets less their estimated residual values, over the expected useful economic lives of the assets concerned. The principal annual rates and bases used for this purpose are: . Land and Buildings Plant, fixtures 2nd fittings straight-line reducing balance basis 15 Government grants Grants that relate to specific capital expenditure are treated as deferred income, which is then credited to the Statement af Financial AGtivities over the related asset's Ltseful life. Revenue grants are credited to the Statement of Financial Activities in the same year as the related expenditure is incurred.
Redrock Development Partnership 10. 2. Grants Received Unrestricted Restricted 2023 2023 Total 2023 Total 2022 ABC Council Grant Limavady Community Grant Development Health Committee Grant 827 827 1,228 827 827 1,228 3. Other Income Unrestricted Restricted 2023 2023 Total 2023 Total 2022 Hall Hire 4. Charitable Donations Unrestricted Restricted 2023 2023 Total 2023 Total 2022 Food Parcels 5. Administration Costs Unrestricted Restricted 2023 2023 Total 2023 Total 2022 Accountancy Advertising and Stationery Travel Expenses Entertainment Computer Expenses Professional Fees General Expenses 433 20 433 20 511 79 228 776 776 200 170 820 2,008 1,640 1,640 2,869 2,869
Redrock Development Partnership 11. 6. Establishment Costs Unrestricted Restricted 2023 2023 Total 2023 Total 2022 Insuran Heat and Light Repairs 1,048 825 772 2,645 1,048 825 772 2,645 998 1,004 454 2,456 7. Other Direct Costs Unrestricted Restricted 2023 2023 Total 2023 Total 2022 Covidl 9 Sanilising Kits Bank and Loan Interest Depreciation 405 405 4,775 4,775 5,180 5,180 5,290 5,290 8. Tangible fixed assets Unrestricted Restricted 2023 2023 Total 2023 Total 2022 Covid19 Sanitising Kits Bank and Loan Interest Depreciation 405 405 4,775 4,775 5,180 5,180 5,290 5,290 9. Creditors: amounts falling due within one year 2023 2022 Accountancy Grants to be Repaid 433 511 433 511
Redrock Development Partnership 12. 10. Deferred Income- Capital Grants 2023 2022 Opening Balance at1 April 2022 Grants Received Released to the Profit and Loss Account Closing Balance at 31 March 2023 128,162 697 {5,600) 123,259 133,734 5,572 128,162 11. Movement In Funds At the Movement Transfers 0110412022 In Funds inl{out) Transfers In Funds At the 3110312023 Unrestricted Funds General Fund 66,613 (4,6551 14,078) 57,880 Restricted Funds Restricted Fund 7,319 825 4,078 12,222 Total Funds 73,932 (3,830) 70,102 12. Net Movement in Funds, Included in the above are follows: Incoming Resources Movement Resources Expended in Funds Unrestricted Funds General Fund 1,264 15,919) (4,655) Restricted Funds Restricted 5,600 14,775) 825 Total Funds 6,864 {10,694) (3,8301 13. Employee Information The charity does not currently have any employees.
Redrock Development Partnership 13. 14. Trustees, Remuneration and Benefits One trustee received remuneration during the year ended 31 March 2023. One or more of the Trustees have been reimbursed for approved expenses incurred in connection with the Charity as detailed below-. 2023 2022 Total Amount Paid 228 228 Number of Trustees Reimbursed All of the above payments related to the reimbursement of travel costs.