COMPANY REGISTRATION NUMBER: N1602079
CHARITY REGISTRATION NUMBER: NIC101934
Coleraine Rural & Urban Network
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2024
DONALDSON & THOMPSON
Chartered Accountants
3 Limavady Road
Londonderry
BT47 6JU

Coleraine Rural & Urban Network
Company Limited by Guarantee
Flnanclal Statements
Year ended 31 March 2024
Page
Trustees, annual report (incorporating the director's 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 Llmlted by Guarantee
Trustees. Annual Report (Incorporatlng tha Director's Report)
Year ended 31 March 2024
The trustees, who are also the direclors for the purposes of company law, present their report and the
unaudited financial slatemenls of the charity for the year ended 31 March 2024.
Reference and admlnlstratlve detalls
Registered charity name
Coleraine Rural & Urban Network
Charlty reglstratlon number
NIC101934
Company registratlon number N1602079
Principal office and registered 18rook Street
off Ice
Coleraine
Co. Londonderry
8T52 1 PW
The trustees
Robert Ritchie
Ann McNi¢kle
Angela Welch
Independent examiner
Donaldson & Thompson Chartered Accountants
3 Limavady Road
Londonderry
BT47 6JU
Structure, governance and management
The organisalion is a charitable company limited by guarantee, incorporated on 10th Febwary 2010,
accepted 8s a charity by HM Revenue & Customs under reference XT24573 and registered with Ihe
Charity Commission for Northern Ireland on 12th May 2016 under charity number NIC101934, The
company was established under a Memorandum of Association which slates 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 actlvltles
The principal activity of the charrty is to promote the benefit of the inhabitants of the North West region
and in particular to support and develop the work of communily-based and voluntary groups irs
charitable activities which seek to relieve poverty. advance education and improve the quality of life of
the inhabitants by providing office accommodation and support services and an inclusive open venue
for members of the community
The charity's Irustees 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 Dlrector's Report) (conllnued)
Year ended 31 March 2024
Achievements and perfonnance
The community hub remains al full capacity for shoploffice rental with 3 occupants, being here from
day one. We have had a permanenl resident In meeting room 1, and the office spaco previously
occupied in now a meeting room
The conference room and meeting room rentals are now receiving more bookings as we continue to
recover from the global pandemic, and face lo 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.
Flnanclal review
The results 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
performance in the following years, especially with more freedoms and less restrictions on meeting in
public places,
Plans for future periods
The trustees will continue to build on what Coleraine Rural & Urban Network h85 established the past
few years and maintain Ils 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 meelings and training.
Small company provlslons
Thi5 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 5 November 2024 and signed on behalf of the board of
trustees by
Robert Ritchie
Trustee
Ann McNickle
Trustee

Coleraine Rural & Urban Network
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Coleraine Rural & Urban
Network
Year ended 31 March 2024
I report on the financial statements for the year ended 31 March 2024. whiGh comprise the statement
of financial activities (including income and expenditure account), statement of financial position and
the related notes.
Respectlve responslbllltles of trustees and examiner
The charity's trustees {who are also the directors of the company for the purposes of company lawl
are responsible for the preparation of the accounts in accordance with the requirements of the
Companies Acl 2006. Having satisfied myself that the charity is not subject to audit under company
law, and is eligible for independent examination, rt 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 65191{b) of the Charities Act., and
to state whether particular matters have come lo my atlenlion.
Basis of independent examiner's report
I have examined your charily 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)Ib) of the Charities Act. The examination included
a review of the accounting records kept by the charity and a comparison of the accounts presented
with those records 11 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 slate 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 accounling records
That the accounts do not comply with the accounting requirements of section 396 of the
Companies Act 2006 and wilh the methods and principles of the Charities Slalemenl 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 Examinerfs Report to the Trustees of Coleraine Rural & Urban
Network (¢ontlnued)
Year ended 31 March 2024
Independent examln•rfs statement
I have completed my examination and have no concerns in respect of the matters (11 to (4) listed
above and, in connection with following the Directions of the Charity Commission for Northern Ireland,
I have found no matters that require drawing to your attention.
Donaldson & Thompso
Chartered Accountants
Independent Examiner
3 Limavady Road
Londonderry
8T47 6JU
5 November 2024

Coleraine Rural & Urban Network
Company Limited by Guarantee
statement of Financlal Activities
(including income and expenditure account>
Year ended 31 March 2024
2024
Unrestricled
funds Total funds Total funds
2023
Note
Income and 8ndowments
Charitable activities
other income
58,830
58,830
53,400
7.334
Total income
58,830
58,830
60,734
Expenditure
Expenditure on charrtable activities
Total expenditure
102,383
102,383
106,468
102,383
102,383
106.468
Net expenditure and n•t movement in funds
(43,553)
{43,563)
(45,7341
Reconciliation of funds
Total funds brought forward
Total funds carried forward
1,919.254
1,919.254
1,964,988
1,875,701
1,875,701
1,919,254
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on page8 8 to 14 form part of the•e flnanclal Statements.

Coleraine Rural & Urban Network
Company Limited by Guarantee
Statement of Financlal Position
31 March 2024
2024
2023
Nolo
Fixed assets
Tangible fixed assets
14
1,846,449
1,885,543
Current assets
Deblors
Cash at bank and in hand
15
8,939
80,286
89,225
4,812
79,485
84,297
Credltors: amounts falling due wtthin one year
Net current assets
16
69,973
50,586
29,252
1,875,701
1,875,701
33,711
Total assets less current liabilities
1,919,254
Net assets
1,919.254
Funds of the charlty
Unrestricted funds
1,875,701
1,875,701
1,919,254
Total charity funds
17
1,919,254
For the year ending 31 March 2024 the charity was 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 $18lements for the
year in question in accordance with section 476-.
The directors acknowledge their responsibilities for complying with the requirement5 of the Act
with respecl to accounting records and the preparation of financial statements
These financial statements have been prepared In accordance with the provisions applicable lo
companies subject to the small companies. Tegime,
The statement of financial position
continues on the following page.
The notes on pago8 8 10 14 forni part of tho98 flnanclal ststoment8.

Coleraine Rural & Urban Network
Company Llmlted by Guarantee
Statement of Flnanclal Positlon (contlnued)
31 March 2024
These financial statements were approved by the board of trustees and authorised for issue on 5
November 2024, and are 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, registefed in Northern Ireland.
Tho nole8 on pages 8 to 14 form part of thèse flnanclal statements.

Coleraine Rural & Urban Network
Company Llmited by Guarantee
Notes to the Flnanclal Statements
Year ended 31 March 2024
General information
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 compllanc•
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) (Charities
SORP {FRS 102)) and the Companies Act 2ChJ6.
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 al fair
value through income or expenditure.
The financial stalernents afe prepared in sterling, which is the functional currency of the entity.
Golng concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sourGes of estlmatlon uncertainty
The preparation of the financial statements requires management to make judgemenls,
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
Unreslricled funds are available for use at the discretion of the trustees to further any of the
charity'5 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 Llmited by Guarantee
Notes to the Financial Statements (¢ondnuedJ
Year ended 31 March 2024
Accounting policies fconllnu•d)
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 benefits associated wilh 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 ils 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 resale 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 Ihe delivery of the
contracted service This is classified as unrestricted funds unless there is a contractual
requirement for rt to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred Expenditure include5 any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities lo which il relates..
expenditure on raising funds includes the costs of all fundraising activities, events,
non-charilable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further ils charitable aims for the benefrt of its beneficiaries. including those
support costs and costs relating to the governance of the charity apportioned lo charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct G05ts
attributable to a single activity are allocated directly lo that activity Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.

Coleraine Rural & Urban Network
Company Limited by Guarantee
Notes to the Financial Statements (contlnueo)
Year ended 31 March 2024
Accountlng policies fconilnued)
Tangible assets
Tangible fixed assets are Staled at cost less accumulated depreciation and accumulated
impaiment 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.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset. le5S Its residual
value, over the useful economic life of that asset as follows:
Freehold property
Fixtures. fittings & equipment
20kn straight line
200/0 Straight line
Impalrmènt of flxed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the cafrying 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 lo which the asset belongs The cash-generating unit is the smallest
identifiable group of assets that includes the asset and generates cash inflows that largely
independent of the cash inflows from other assets or groups of assets
For impairment testing of goodwill, the goothvill 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 synergie5 of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Flnanclal Instruments
A financial asset or 8 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 conslilules 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 Current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted
Debt instruments are subsequently measured at amortised cost.
10

Coleraine Rural & Urban Network
Company Limited by Guarantee
Notes to the Financial Ststements (continued)
Year ended 31 March 2024
Llmlted by guarantee
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 nol
exceeding £1 to the assets of the charitable company in the event of its being wound up while he
or she is a member, or within one year after he or she ￿aSe5 to be a member.
Charitable actlvltles
Unrestricted Total Funds Unreslricled Total Funds
Funds
2024
Funds
2023
Room hire
CRUN - Rent received
CAB - Rent received
Age Concern - Rent received
Action for Children Rent received
CRUN - Service charge
CAB - Service charge
Action for Children - Service charge
11,644
9,960
9,960
9,960
340
8,876
7,874
216
11,644
9,960
9,960
9,960
340
8,876
7,874
216
3,389
9,960
9,960
9,960
2,040
8,194
8,194
1,703
3,389
9,960
9,960
9.960
2.040
8.194
8,194
1,703
58,830
68,830
53,400
53,400
Othèr Income
Unreslricled Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
other income .Insurance Claim
7,334
7,334
Expenditure on charitable actlvltles by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Community training & education
facility
Support costs
99,327
3,056
99,327
3,056
103,508
2,960
103,508
2,960
102,383
102,383
106,468
106,468

Coleraine Rural & Urban Network
Company Llmited by Guarantee
Notes to the Financlal Statements (conllnued)
Year ended 31 March 2024
Expenditure on charltabl• a¢tlvltlès by actlvlty type
Activities
undertaken
directly
Support Total funds
costs
2024
Total fund
2023
Community training & education facility
Governance costs
99,327
759
2,297
100,086
2,297
104,188
2,280
99,327
3,056
102,383
106,468
Analysls of 8UPPOrt costs
Community
facility Total 2024 Total 2023
General off ice
Finance costs
Governance costs
647
112
2,297
647
112
2,297
566
114
2,280
3,056
3,056
2,960
10. Net expenditure
Net expenditure is stated after chargingl(crediting)'.
2024
2023
Depreciation of tangible fixed assets
45,358
44,106
11. Independent examination fees
2024
2023
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 (2023.. Nil)
No employee received employee benefits of more than £60,000 during the year (2023.. Nil).
13. Trustee remun8ration and expenses
No remuneration or other benefits from employment with the charity or a related entity were
received by the trustees,
No Iruslee expenses have been incurred.
12

Coleraine Rural & Urban Network
Company Limited by Guarantee
Notes to the Financial Statements (contlnuadj
Year ended 31 March 2024
14. Tangible flxed assels
Land and Fixtures and
buildings
fittings
Total
Cost
At 1 Apr 2023
Additions
2.191,535
21,650
6,264
2,213,185
6,264
At 31 Mar 2024
2,191,535
27,914
2,219,449
Depreclation
At 1 Apr 2023
Charge for the year
At 31 Mar 2024
306,815
43.831
20,827
1,527
327,642
45,358
350,646
22,354
373,000
Carrying amount
At 31 Mar 2024
1,840,889
5,560
1,846,449
At 31 Mar 2023
1,884.720
823
1,885,543
15. Debtors
2024
2023
Prepayments and accrued income
8,939
4,812
16. Creditors: amounts falling due within one year
2024
2023
Accruals and deferred income
Other creditors
3,580
56,393
5,540
45,046
59,973
50,586
17. Analysls of charitable funds
Unrestrlcted funds
At
1 Apr 2023
At
Income Expenditure 31 Mar 2024
Unrestricted Fund
1.919,254
58.830
1102,383)
1,875,701
At
1 Apr 2022
At
Income Expenditure 31 Mar 2023
Unreslricled Fund
1.964.988
60,734
(106,468)
1,919,254
13

Coleraine Rural & Urban Network
Company Limited by Guarantee
Notes to the Financial Ststements (contlnued)
Year ended 31 March 2024
18. Analysis of net assets between funds
Unrestricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
1,846,449
89,225
(59,973)
1.875.701
1,846,449
89,225
(59,9731
1,875,701
Unrestricted Total Funds
Funds
2023
Tangible fixed 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
14