Coleraine Rural & Urban Network Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 The trustees, who are also the directors for the purposes of company law, Pfesent their report and the unaudited financial statements of the charity for the year ended 31 March 2024 Reference and admlnlstratlve detalls Registered charity name Coleraine Rural & Urban Network Charlty registration number NIC101934 Company reglslratlon number N1602079 Principal office and reglstered 1 Brook Street office Coleraine Co. Londondery BT52 1 PW Tha trustee8 Robert Ritchie Ann McNickle Angela Welch Independent examlner Donaldson & Thompson Chartered Accountants 3 Limavady Road Londonderry 8T47 6JU Structure, governance and management The organisation is a charitsble 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 lo contribute an amount not exceeding £1 Objectives and activities The principal activity of the charty is to promote the benefit of the inhabilanls of the North Wesl region and in particular to support and develop the work of community-based and voluntary groups in charitable activities which seek to relieve poverty, advance education and improve the quality of life of the inhabitants by providing office accommodation and support sep4ices and an inclusive open venue for members of the community. 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) (contlnuod) Year ended 31 March 2024 Achlevements and performance The community hub remain5 at full capacity for shoploffice rental with 3 occupants, being here from day one. We have had a pemianent resident in meeting room 1. and the office space previously occupied in now a meeting room The conference room and meeting room rentals are now receiving more bookings as we continue lo 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 revlew The results for the year are contained in the financial statements from page 5 The Community Hub has improved ils rental performance over the past financial year and is looking to improve this performance in the following years. especially wrth 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 has 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 meetings and training Small company provisions This report has been prepared in accordance with the provisions applicable to companies enlilled to the small companies exemption The trustees, annual report was approved on 5 November 2024 and signed on beh8lf of the board of trustees by: Robert Ritchie Trustee Ann McNickle Trustee