Coleraine Rural & Urban Network Company Llmitsd by Guarantee Trust8es' Annual Report (Incorporatlng 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 unaudited financial statemerrts of the charity for the year ended 31 March 2023. Reference and administrative details Registered charity name Coleraine Rural & Urban Network Charity registration number NIC101934 Company registration number N1602079 Principal office and registered 1 Brook Street office Coleraine Co. Londonderry BT52 1 PW The trustees Robert Ritchie Ann McNickle Angela Welch Independent examiner Donaldson & Thompson Chartered Accountants 3 Limavady Road Londonderry BT47 6JU Structure, governance and management The organisation is a charitable company limited by guarantee, incorporated on 10th 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 governed 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 actmty of the charity is to promote the benefit of the inhabitants of the North West region and in particularto support and develop the work of communty-based and voluntary groups in charitable activities which seek to relieve povety, advan education and improve the quality of lrfe of the inhabitants by providing office accommodation and 5UPPOrt Servi and an inclusive open venue for members ofthe community. The charity's trustees have had regard to the Charity Commission for Northem Ireland's guidance on public benefit.
Coleraine Rural & Urban Network Company Limited by Guarantee Trustees, Annual Report (Incorporating the Diractor's Report) (conthuedj Year ended 31 March 2023 Achievements and parformance The communty hub remains at full capacity ft)r shoploffice rental with all 4 occupants, being here from day one. The conference room and meeting room rentals are now receiving more bookings as we start t recover 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 resulis for the year are contained in the financial statements from page 5. The Community Hub has improved its rental performance over the past financial year and is looking to improve this perfomiance in the following years, especially with more freedoms and less restrictions on meeling in public plac8S. Plans for future period8 The trustees will continue to build on what Coleraine Rural & Urban Netsvork 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 VRS approved on 7 November 2023 and signed on behalf of the board of trustees by: Robert Ritchie Trustee Ann McNickle Trustee