COMPANY REGISTRATION NUMBER: N1602079
CHARITY REGISTRATION NUMBER: NIC101934
Coleraine Rural & Urban Network
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2023
DONALDSON & THOMPSON
Chartered Accountants
3 Limavady Road
Londonderry
BT47 6JU

Coleraine Rural & Urban Network
Company Limlted by Guarantee
Financial Statsments
Year ended 31 March 2023
Page
Trustees, annual report (incorporating the directorfs report)
Independent examiner's report to the trustees
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements

Coleraine Rural & Urban Network
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Dlrector's Report)
Year ended 31 March 2023
The trustees, who are also the directors for the purposes of company law, present their report and the
unaudrted financial statements of the charity for the year ended 31 March 2023.
Reference and administrative details
Registered charity name
Coleraine Rural & Urban Neiwork
Charity registrdtion number
NIC101934
Company registration number N1602079
Principal office and registered 1 Brook Street
office
Coleraine
Co. Londonderry
BT52 1 PW
The trust•os
Robert Ritchie
Ann McNickle
Angela Welch
Independent examlner
Donaldson & Thompson Chartered Accountants
3 Limavady Road
Londonderry
BT47 6JU
structurej governance and management
The organisation is a charitable company limited by guarantee, incorporated on 1 Oth February 2010,
accepted as a charity by HM Revenue & Customs under reference XT24573 and registered with the
Charity Commission for Northern Ireland on 12th May 2016 under charity number NIC101934. The
company was established under a Memorandum of Association which states the objects and powers of
the charitable company and is govemed under its Articles of Association. In the event of the company
being wound up members are required to contribute an amount not exceeding £1.
Objectives and activities
The principal activity of the charity is to promote the benefit of the inhabitants of the North West region
and in particular to 5UPPOrt and develop the work of community-based and voluntary groups in charitable
activities which seek to relieve povety, advance education and improve the quality of life of the
inhabitants by providing Offi￿ accommodation and support servi￿$ and an inclusrve open venue for
members of the communty.
The charity's trustees have had regard to the Charity Commission for Northern Ireland's guidance on
public benefit.

Coleraine Rural & Urban Network
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (conunuedj
Year ended 31 March 2023
Achievements and performance
The community hub remains at full capacity for shoploffice rental with all 4 occupants, being here from
day one.
The conference room and meeting room rentals are now receiving more bookings a5 we start t ￿COVer
from the global pandemic, and face to face meetings and training start to happen again. A steady
progress is being made in room hire bookings and these will again increase during the future years.
Financial review
The results for the year are contained in the financial statements from page 5. The Community Hub has
improved its rental perf0rrnan￿ over the past financial year and is looking to improve this performance
in the following years, especially with more freedoms and less restrictions on meeting in public places.
Plans for future perlods
The trustees will continue to build on what Coleraine Rural & Urban NefvK)rf( has established the past
few years and maintain its core values and objectives to ensure the continued development. An
advertising campaign has now started to encourage new and previous users to return to the building for
meetings and training.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the
small companies exemption.
The trustees, annual report was approved on 7 November 2023 and signed on behalF of the board of
trustees by:
Robert Ritchie.
Trustee
Ann McNickle
Trustee

Coleraine Rural & Urban Network
Company Llmited by Guarantee
Independent Examlnar's Report to the Trustees of Coleraine Rural & Urban
Network
Yaar ended 31 March 2023
I report on the financial statements for the year ended 31 March 2023, which comprise the statement of
financial activities (including income and expenditure account), ststement of financial position and the
related notes.
Respective responsibilities of trustees and examiner
The Gharity's trustees (who are also the directors of the company for the purposes of company law) are
responsible for the preparation of the accounts in accordan￿ with the requirements of the Companies
Act 2006. Having satisfied myself that the charity is not subject to audit under company law. and is
eligible for independent examination. it is my responsibility to..
examine the accounts under section 65 of the Charities Act;
to follow the procedures laid down in the general Directions given by the Charity Commission for
Northern Ireland under section 65(9)(b) of the Charities Act," and
to state whether particular matters have come to my attention.
Basis of independent oxaminerfs report
I hw4e examined your charity accounts as required under section 65 of the Charities Act and my
examination was carried out in accordance with the general Directions given by the Charity Commission
for Northern Ireland under section 65(9)(b) of th8 Charitie3 Act. The examination included 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 the trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
That accounting records were not kept in accordance with section 386 of the Companies Act
2006
That the accounts do not accord with those accounting records
That the accounts do not comply with the accounting requirements of section 396 of the
Cornpanies Act 2006 and with the methcKls 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 information needed for a proper understanding of the accounts to be
reached.

Coleraine Rural & Urban Network
Company Llmited by Guarantee
Independent Examlnerfs Report to the Trustees of Coleraine Rural & Urban
Network (contlnuedj
Year ended 31 March 2023
Independent examin•Vs statemént
I have cornpleted my examination and have no concerns in respect of the matters (1) to (4) listed above
and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have
found no matteTS that require drawing to your attention.
Donaldson & Thompson
Chartered Accountants
Independent Examiner
3 Limavady Road
Londonderry
BT47 6JU
7 November 2023

Coleraine Rural & Urban Network
Company Llmlted by Guarantse
Ststement of Financlal Activltles
(Including Income and expenditure account)
Year ended 31 March 2023
2023
Unrestricted
funds Total funds Total funds
2022
Note
Income and endowments
Charitable activities
Other income
53,400
7,334
60,734
53AOO
7.334
48,960
Total income
60.734
48,960
Expenditure
Expenditure on charitable activities
Total expenditure
106,468
106,468
106A68
80,019
106.468
80,019
Net expendlture and net movement In funds
(45,734)
(45,734)
(31.059)
Reconclliation of funds
Total funds brought forward
Total funds carrled forward
1,964,988
1,919,254
1,964.988
1,919,254
1,996,047
1,964,988
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Tho note8 on pag08 7 to 13 form part of the80 financial statsments.

Coleraine Rural & Urban Network
Company Llmlted by Guarantee
Statement of Financial Posltlon
31 March 2023
2023
2022
Fixed assets
Tangible r￿ed assets
14
1,885,543
1,929,649
Current assets
Debtor5
Cash at bank and in hand
15
4,812
79,485
84,297
3,432
95,626
99,058
Creditors: amounts falling due within one year
Net current assets
16
50,586
63.719
33,711
35.339
Total assets less current liabilities
1.919,254
1.919,254
1,964,988
1,964.988
Net assets
Funds of the charfty
Unrestricted funds
1,919.254
1.919.254
1,964,988
Total charlty funds
17
1,964,988
For the year ending 31 March 2023 the charity vras entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Directors, responsibilities-
The members have not required the company to obtain an audit of its financial statements for the
year in question in accordance with section 476.,
The directors acknowledge their responsibilities for complying with the requirements of the Act with
respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on 7
November 2023, and a￿ signed on behalf of the board by..
Robert Ritchie
Trustee
Ann McNickle
Trustee
Company registration number.
N1602079
The company is a private limited company limited by guarantee, registered in Northern Ireland.
Tho notos on pages 7 to 13 fomi part of these flnancial statsments.

Coleraine Rural & Urban Network
Company Llmited by Guarantee
Notes to the Financial Ststements
Year ended 31 March 2023
General infomiation
The charity is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northem Ireland. The address of the registered office
is 1 Brook Street, Coleraine, Co. Londonderry, BT52 1 PW.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the 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 (FRS 102) (Charitie5
SORP (FRS 102)) and the Companies Act 2006.
Accounting policies
Basls of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and koy sources of estimation uncertainty
The preparation of the financial ststements requires management to make judgements, estimates
and assumptions that affect the amounts reported. These estimates and judgements are
continually reviewed and are based on experience and other factors. including expectations of
future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds eamiarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through
the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment
funds.

Coleraine Rural & Urban Network
Company Limitad by Guarantee
Notes to the Flnancial Statemants (conllnued)
Year ended 31 March 2023
Accounting pollcles (conthiued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity: it is probable that the economic benefts associated with the transaction will
flow to the charity and the amount can be reliably measured. The following specific policies are
applied to particular categories of income=
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resa￿ value. Donated facilities and services are recognised in the accounts
when received if the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted seNice. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and retumed rf unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of financial
activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activities, events, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further ts charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the govemance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds forthe charity
nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reffecting the use of the resour￿. Direct costs
attributsble to a single activiiy are allocated directly to that activty. Shared costs a￿ apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated
impairment loss. Cost includes all costs that are directly attributable to bringing the asset into
working condition for its intended use. Depreciation is provided at rates calculated to write off the
cost less residual value of each asset over its expected useful life. as follows:

Coleraine Rural & Urban Network
Company Llmited by Guarantee
Notès to the Financial Statements (conlinu
Year ended 31 March 2023
Accountlng pollcles (conthiuedj
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,
over the useful economic life of that asset as follows:
Freehold property
Fixiures, frtiings & equipment
2% straight line
20% straight line
Impairment of fixed assets
A review for indicators of impainnent is carried out at each reporting date. with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount
of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit
to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets
that includes the asset and generates cash inflows that largeFy independent of the cash inflows
from other assets or groups of assets.
For impaimient testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespecttve of whether other assets or liabilities of the charity
are assigned to those units.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs, unless the arrangement constitutes a financing transaction, where it
is recognised at the present value of the future payments discounted at a market rate of interest
for a similar debt instrument.
Current assets and currerrt liabilities are subsequently measured at the cash or other consideration
expected to be paid or re￿iVed and not discounted.
Debt instruments are subsequently measured at amortised cosL
Limited by guardntee
Coleraine Rural & Urban Network is a company limited by guarantee and accordingly does not
have a share capital.
Every member of the company undertakes to contribute such amount as may be required not
exceeding £1 to the assets of the charitable company in the event of ts being wound up while he
or she is a member, or within one year after he or she ceases to be a member.

Coleraine Rural & Urban Network
Company Limited by Guarantee
Notes to the Financial Statements {contlnuedJ
Year ended 31 March 2023
Charitable activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Room hire
CRUN - Rent received
CAB - Rent received
Age Concem - Rent received
Action for Children - Rent received
CRUN- Service charge
CAB - Service charge
Action for Children - Service charge
3,389
9.960
9.960
9.960
2.040
8.194
8.194
1.703
3,389
9,960
9,960
9,960
7.184
9,960
9,960
9,960
2,040
4,531
4.796
529
7,184
9,960
9,960
9,960
2,040
4,531
4,796
529
8,194
8,194
1,703
53.400
53,400
48,960
48,960
Other Income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
other income-lnsurance Claim
7,334
7,334
Expenditure on charitable actlvltles by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Community training & education
facility
Support costs
103,508
2,960
103,508
2,960
77,102
2,917
80,019
77,102
2,917
106,468
106.468
80,019
Expenditure on charitable activiti8s by activity type
Activities
undertaken
directly
Support Total funds
Costs
2023
Total fund
2022
Communty training & education facilty
Govemance costs
103.508
680
2.280
104,188
2,280
77,618
2,401
103,508
2.960
106,468
80,019
10

Coleraine Rural & Urban Network
Company Limited by Guarantse
Notes to the Financial Statements (continuedj
Year ended 31 March 2023
Analysis (rf support costs
Community
facilty Total 2023 Total 2022
General office
Finance costs
Governance costs
566
114
2.280
566
114
2,280
2,960
405
111
2,401
2,960
2,917
10. Net expenditure
Net expenditure is stated after chargingl(crediting)'.
2023
2022
Depreciation of tangible r￿ed assets
44,106
44.104
11. Independent examlnatlon fees
2023
2022
Fees payable to the independent examiner for.
Independent examination of the financial statements
360
360
12. Staff costs
The average head count of employees during the year was Nil (2022: Nil).
No employee received employee benefits of more than £60.000 during the year (2022: Nil).
13. Trusteé remuneration and expenses
No remuneration or other benefrts from employment with the charity or a related entity were
received by the trustees.
No trustee expenses have been incurred.
11

Coleraine Rural & Urban Network
Company Llmited by Guarantee
Notes to the Financlal Statsments (cofttinued)
Year ended 31 March 2023
14. Tangible flxed assets
Land and Fixtures and
buildings
fittings
Total
Cost
At 1 Apr 2022 and 31 Mar 2023
Depreciation
At 1 Apr 2022
Charge for the year
At 31 Mar 2023
2.191,535
21,650
2.213,185
262,984
43,831
20,552
275
283,536
44,106
306,815
20,827
327,642
Carrying amount
At 31 Mar 2023
1,884,720
1,928,551
823
1,885,543
1,929,649
At 31 Mar 2022
1,098
15. Debtors
2023
2022
Prepayments and accrued income
4,812
3,432
16. Croditors: amounts falllng due within one year
2023
2022
Accruals and deferred income
Other creditors
5,540
45,046
13,524
50,195
50,586
63,719
17. Analysis of charitable funds
Unrestrlcted funds
At
1 Apr 2022
At
Income Expenditure 31 Mar 2023
Unrestricted Fund
1,964,988
60.734
(106,468) 1.919,254
At
1 Apr 2021
At
Income Expenditure 31 Mar 2022
Un￿Stricted Fund
1,996,047
48,960
(80,019) 1,964,988
12

Coleraine Rural & Urban Network
Company Limlt8d by Guarantee
Notes to the Financial Statements (with(Md)
Year ended 31 March 2023
18. Anatysls of net assets between funds
Unrestricted Total Funds
Funds
2023
Tangible r￿ed assets
Current assets
Creditors less than 1 year
Net assets
1,885,543
84,297
(50,586)
1,919.254
1.885,543
84,297
150.586)
1.919,254
Unrestricted Total Funds
Funds
2022
Tangible fixed assets
Current assets
Creditors less than 1 year
Ngt ag¥9ts
1,929,649
99.058
(63,719)
1,964.988
1,929,649
99,058
(63.719)
1,964,988
13