Company registration number.. N1053517 Charity registration number.. 102397 The River Bann and Lough Neagh Association Company (A company limited by share capital) ATht)ual Report and Financial Statements for the Year Ended 31 October 2023
The River Bann and Lough Neagh Association Company Contents Reference and Administralive Delails Strategic Report Trustees, Report Independenl Exaniiner's Repon 3to6 Independent Fxaminer's Report Statement of Financial Activities Balance Sheet Statemeiil of Cash Flows 10 Notes to the Financial Statements 12to20
The River Bann and Lough Neagh Association Company Reference and Administrative Details Chairman Mr Robert Mc Connac Truste¢s Mr Andrew Nelson Mr Kevin Arthur Le Quesne Mr Michael Robert Stevenson Mr Robert ML Cormac Secretary Mr Kevin Arthur Le Quesne Charity Registration Number 102397 Company Registration Number N1053517 The charity is incorporaled in Northern Ireland. 3 14illview Anirim Co Aiitrim BT412BT Registered Offiee Independent Exaniiner J A Mc Clements & Co ndependei)i Examii)er 25B Ballyinena Busine55 Centre GalgForiii Ballyinena Co Antrim BT42 1 FL Page I
The River Bann and Lough Neagh Assoeiation Company Trustees, Report The trnstees, who are dir¢clors for the purposes of coinpany law, present the annual report together with the financial stateInents and audiiors, report of the charitable company for the year ended 31 October 2023. Objectives and activities Objects und aim.s The Company is estsblished to promote the River Bann and Lough Neagh (hereinafier referred to as the 'area of benefit,) for the b¢nefii of the inhabitants of Northern Ireland {hereinafter referred to as 'lhe beneficiaries,) wilhoul disiinction of agye gender disability. sexual orientation, nationality, ethnic idenlily, policitical or relL'gFious opinioi). by associaling the statutory authorities, community and voluntary organisations and the inhabitanls in acommon effort to advance education, and to provide facilities in the interests of social welfare for recreation or oiher leisure-tiine occupation, with the object of iinproving the coiidilions of life for Ihe said inhabilanls and in particular.. a) lo provide or assisl in the provision of tacilities in the interests ofsocial welfare for appropriate recreation and leisure lime occupation coininensurate with the activities described above.. b) lo advance public education in cnviromenlal and heritage matiers in the area of benefit and the ways of suslainin&F, ¢onserving,protectii)g and improvii)g the same. For over 40 years the River Bann and Lough Neagh as.sociation has been involved in promoling the River and th elough and ensuring> tliis importai)t waterway 18 used properly witlioul being 5poiII. The a5sociaiion can trace its roots back to 1962 and caine into existencc officially in 1964 beLause of the tlireal of L105ure of the River Bann navigation between Toomebridge and Coleraine. Ils aiins and objectives are to preserve and promote tlie an)enities of Ilie Bai)n and l.ou¥h Neagh. their tributaries and associated waierways. Tl)e tacl that navigation is slill possible between Tooi))ebridgye and Coleraiiie is due lo the efforts of niany people, but without the work of Ihe RBLNA il is quite likely Ihal naviLJation would have ceased to exisl year5 ago. We have held Inany aniiual boat rallies over the years. The Association lias produced a pilot book. a guide book and helped with the production of a safety guide of Lougli Neagh. RBLNA also organises boat rallies, enviromeiital cleanups, canal walks, talks oi) a wide variei of topics, visits to places of interest lo members and hosts visits to the System. In 2005 ihe RBLNA fonned a coit)pan)' and si&yned a 30 year lease from Lord O Neil I for Rain8 Island. In 2007 the company was re¢ogyi)ised as a Charity by H M Revenue and Customs. At the Inoinent and ii) the past we have had no paid staff and all work admiiiistrative and liÉinds oli is done by volunteers. Rains Island Heritage Proj¢¢t volunteers have fundraised ii) excess of £300.000.00 for Capilal Projects on Ihe island such as building a neH' etty, providing an inlerprelive ceiiire and providing a ferry boat. The physical work for tllese individual ventures was iindertaken by voluntecrs. I"he projecl has a sinall team of coininilted individua15. The project focuses on enviromental restoration of the island, enhancing habitant for wildlife and creating safe and free public access lo the island. Page 3
The River Bann and Lough Neagh Association Company Trustees, Report Publlc beiiefit Since 2005 groups of volunteers froin the River Bann and Lough Neagh Association Company have been working on Rams Jsland to Inak¢ it accessible and attractive to the general public. The developmLnl on paths, walkways, a floating Visitors, Centre, wild caniping area, poultry and duck enclosures, an excellent jetty and a feny service are Ihe results of our endeavours. Nearly every weekend,volunleerts are workiiig to maintain, repair and extend these facilities rther. With Ininimal publication and steadily increasing we now welcoine around 8,000 visitors of all ages. abililiesldisabilities, creeds {or iione) annually. some coine oli ihe Fery, Inany under their own steam.Soine come for the novelty of travelling lo an island, others to explore its $17eable area and perhaps have aguided tour and learn soinething of ils huinan and nalural history. Retreshineiits are available to all and excepi for a nomiiial charge to cover ferry costs everything id free, although a donation box is available to anyone who wishes to aid the prohjeLI financially. No one benefits financially or recives any 'perks' for their labours apan from ihe satistaclion of seeingi a voluntary job well doiie. The River Bann and Lougyl) Neagh Association Coinpany regularly organises volunteer litter lifts around the shores and invasive species removal Ihese benefit the wildlife aiid visitors. The projecl is unique iii Northern Ireland and tl)e directors and volunt¢ers are enthusiastic in their committment to Inaintain and develop il funl)er. Menibers of the public who care to avail Iheinselves of a visit to Ram's Island will not be dissappoinled - al least that is ivhat Iliousands of previous visitors have said! Shoiild they g)0 for a ferry ride. a walk around Ihe island. a guided tour encoinpassing its history. talks on ecogical balance and conversalion or just a clip of lea and a chat in ils well foound Visitors Centre (bargje) they H'ill find it a refresliingJ and invigorating experieiice. as a get-away-froin-it-all destination it is unique. As a world for children(ol' all a&Tes) to explore il is filled wilh Iny5tery. As a soLial venue it is unsurp¢issed. As a place for reflection it is liinitless. the Directors believe Ihat a vist to Rains island 15 ag)reai tonic everyone is wwlcome and it's freel A vist to Rains Island Inay lasl a few l)oure5 or a few days. 11 Inay be done individually or a part of a gyroup. li may be a fixed prograinine or laissez-faire agenda. It may be part of a celebration or for a lime of quiet reflection. Whatever your reason lo visit. Rams Island will jot dissppoint. Thousands of visitor5 over the past len years will testify to this! The iruslees confimi that they have complied with the requireinenls of tl)e Charities Act (Northern Ireland) 2008 lo have due regard lo the public benefil g)uidanLe published by ihe Charity Coininission lor Northern Ireland. Trustees and offieers The tnistees and ol¢erS serving during the year and since the year end were a5 follows.. Trustees.. Mr Andrew Nelson Mr Kevin Arthur Le Quesne Mr Michael Robert Stevenson Mr Robert Mc Corniac (appoinied 26 January 2023) Chainnan: Mr Robert Mc Corniac (appointed 26 January 2023) Mr Kevin Arthur Le Quesne Secretary- Page 4
The River Bann and Lough Ne2gh Association Company Independent Examiner's Report to the trustees of The River Bann and Lough Neagh Association Company ('the Company,) I report lo the charity trustees on my examination of the accounts of Ihe Coinpany for Ihe year ended 31 October 2023. Responsibillties and basis of report As the charily's truslees of The River Bann and Lough Neagh Association Company (and also its directors for the purposes of conipany law) you are responsible for the preparation of the (ILcounls in accordance witl) the requireinents of the Cojnpanies Act 2006 ('the 2006 Act,). Having satisfied myself Ihal the accounts of The River Bann and Lough Neagh Association Coinpany are not required to be audited under Part 16 of the 2006 Aci and are eligible for independent exainination, I report in respect ol. Iny examination of your charity's accounis as carried out under the Charities Act (Northern Ii'eland) 2008 ('Ihe 2008 Act').aiid the Charities (Accouiits and Reports) Regulaiions (Northerrt Ireland) 2015. In carrying oul my exaininaiion I have followed ihe Directions given by the Charity Coinii)ission uiider the 2008 Act. ndependent examiner's statement have coinpleted niy examiiiation. I confirm Ihal no Inatters have come to my attention in connection with the exaiiiinalion givin&? rne cause to believe.. accounting records were not kL'pi in respecl of The River Banii aiid Lough Neagh Associalion Coinpany as required by section 386 of the 2006 Acl,. or 2. the accounts do not accord willi Ihose records; or 3. the accounis do not coinply with the accounting) requireinent5 of seLlion 396 of the 2006 Acl other tl)aii any requiremeiii that Ihe accounts give a 'true and fair view, which is not a iiiatter considered as part of an independent examination. or 4. the accounts have not been prepared in accordance wilh the Inethods and principles of the Stateinent of RecoTnmended Praclice tor accounting and reporting by charities lapplicable to charities preparing their accounts in accordance wilh th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)1. I have no concerns and hav¢ coine across no other matters in coimeciion with the exaininalion to which allenlion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. J A Mc Cleinents Independent Examin¢r 25B Ballymena Business Centre Galgorni Ballymena Co Antrim BT42 1 FL 12 March 2024 Page 8
The River Bann and Lough Neagh Association Company Statement of Financial Activities for the Year Ended 31 October 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2023 Income and Endowment5 from.. Donations and legacies Other trading aclivities Total income Expenditure on: Raising funds Other expenditure Total expendilure Nel expenditure Net Inovemeni in funds Reconciliation or runijs Total funds brought forward Total fvnds carried fonvard Note 3,856 25.876 3.8.56 25.876 29,732 29,732 (31 116) (31 116) (1,719) (32,835) (32,835) 3,103} (3,103) (3.103) (3,103) 5,465 5,465 14 2,362 Unrestricted (unds 2.362 Total 2022 Income and Endowments from: Donations aiid legacies Other trading activities Total income Expenditure on: Raising funds Total expenditure Nel expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward Note 2.631 13,193 2,631 13,193 15,824 15.824 (20.073) (20,073) (20.073) (20,073) (4,249) (4,249) (4,249) {4,249) 5,465 5,465 14 1,216 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in iiote 14. 1,216 The notes on pages 12 to 20 forn) an integral part of these financial statements. Page 9
The River Bann and Lough Neagh Association Company (Regi.stration number: N1053517) Balance Sheet as at 31 October 2023 2023 2022 Note Fixed assets Tangible assets Current assets Cash ai bank and in hand 10 2,039 2,039 Creditors: Amounts falling due within one year Net current assets/{liabilities) Net assets 7.739 5.615 12 (7,416) (6,4)8) 323 (823) 1.216 Funds of the eharity.. Unrestricted Income funds Unr¢slricted fui)ds Total funds 2.362 2,362 1,216 14 2,362 1,216 For the finaiicial year eliding 31 October 2023 tlie charity was entitled to exeinpiion from audit under section 477 ofthe Coiiipaiiies Acl 2006 relating to sinall coinpanies. Directors, responsibilities.. The meinbers have not required the charity to obtain an audit of its accounis for the year in questioi) in accordaiice with section 476; and The directors acknowledgye their responsibilities for complying with the requtremeiits of the Act wilh respect to accounting records and the preparation of accoui)Is. The fi 2024 Slalemenls on page5 9 10 20 were approved by the trustees, and authorised for issue on 12 March ned on their behalf by.. evi hur Le Quesne y secretary and trustee Mr Robert Mc Corniac Chairn)an and trnstee The notes on pages 12 to 20 fomi an inlegral pan of these financial statements. Page 10
The River Bann and Lough Neagh Association Company Statement of Cash Flows for the Year Ended 31 October 2023 2023 2022 Cash (lows from operating activities Net cash expenditure Note Adjustments to cash flows from noD-cash items Depreciation (3,103) (4,249) 880 880 Working capitgl adjustmenls Decrease in stocks Increase/(decrease) in creditors Net cash flow5 from operating activities Cash flows from investing activities Purchase of langiible fixed assets (2.223) (3,369) 5,800 (1.600) 12 978 (1,245) 831 Nel Idecrease)lincrease in cash and cash equivalents Cash and cash equivalents at l November Cash and cash equivalents at 31 October 10 (279) (279) (1,524) 552 9,263 5.063 7.739 All of the cash flows are derived froin continuing operations during the above two periods. 5,615 The notes on pages 12 to 20 forni an integral part of these financial statements. Page 11
The River Bann and Lough Neagh Association Company Statement of Cash Flows for the Year Ended 31 October 2023 2023 Note 2022 Cash flows from operating aclivities Net cash expenditure Adjustmenls to cash nows from non-cash items Depreciation (3.103) (4,249) 880 880 Working capital adjustments Decrease in slocks Increase/(decrease) in creditors Nel cash flows from operating activities Cash flows from investing activities Purchase of tangible fixed assets (2.223) (3,369) 5,800 (1,600) 12 978 (1,245) 831 10 Nel (decrease)lincrease in cash and cash equivalents Cash and cash equivalents al l Noveillber Cash and cash equivalents at 31 October {279) (279) (1,524) 5,615 552 5.063 4,091 Oui of halance lu L asli al btii)k and iii Ii&tiid Laieuiory -5,615 13,6481 All of the cash flows are derived trom continuing operations during the above two periods. The notes on pages 12 10 20 forni an integral part of these financial statements. Page 11
The River Bann and Lough Neagh Association Company Notes to the Financial statements for the Year Ended 31 October 2023 Charity status The charity is liinited by share capital, incorporated in Nortliem Ireland. The address of ils registered office Is.. 3 Hillvtew Co Anirim BT412BT These finaiicial Slaleinents were authorised for issue by the IrLlStees on 12 March 2024. 2 Accounting policie5 Summary of signifjcant aecountiiig pollcies and k'ey Accounting estimates Tl)e principal accounting policies applied in the preparation of tliese financial staiemenls are s¢t out below. These policies have been consistently appi led to all the years presenied, unless otherwise stated. Statement of compli#nee Tlje finaiicial staieinents have been prepared in accordance with Accounting and Reporting by Chariiies.. Stateineni of Reconiii)ended Practlce app i icable to charities preparingy their accounls in accordaiice wilh the rinancial Reporting, Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Irelai)d (fRS 102). They also coinply with the Companies Act 2006 , the Charities Act (Northeni Ireland) 2008 and the Charities {Accounis and Reports) Regulations (Northem Ireland ) 2015 Basis of preparation The River Bann and Lough Neagh Assoeiatlon Coinpany meets the definition of a public benefit enlity under FRS 102. Assets and liabilities are Rniiial Iy recogiiised at historical cost or transaction value unles5 Otherwise slated in the relevant accounting policy nteS Going concern The trustees consider that there are no material uncertainties aboui ihe charity's ability to continue as a going concern nor any significant areas of Uncerta i nty that affect the carrying value of assets held by the charity. Ineome and endowments All income is recognised once the charity s enlltlement to the income, li is probable that the income will be received and the amount of the income rece able can be measured reliably. Donoilons and legacie Donation5 are recogntsed when the charity as been notified in writingF of both the amount and settlement date. In the event that a donation is subject to ition5 that require a level of perfonnance by the charity before the charity is entitled to the funds, the income met, or the fulfilment of those conditlons is eferred and not recognised until either those conditions are fully liolly within the conirol of the charity and it l5 probable thai these conditions will be fulfilled in the reponing F70d. Page 12
The River Bann and Lough Neagh Association Company Notes to the Financial Statements for the Year Ended 31 October 2023 Expenditure All expendilure is recognised once there is a legal or co11stCliVe obli4yation lo that expenditure, it is probabl¢ seniemenl is required and the amount can be measured reliably. All cosls are allocated lo ihe applicable expenditure heading thal aggregale similar costs to Ihat category. Where costs cannot be directly attributed to particular headii)gs they have been allocated on a basis consislent with the use of resources, wilh ceiitral staff costs allocated on the basis of liine spenl, and depreciaiion charg?es allocated on the portion of the asset's use, Other support costs are allocated based on the 8pread of Staff costs. Ralsingfiinds These are costs inciirred in attracling voluntary income, the Inanagement of investinenls and those incurred in trading activities Ili<lt raise funds. Support costs Support costs include ceiilral litnciioiis and have been allocaied to activity cost categories on a basis Lonsistent with the use of resources. for exainple, allocating property costs by floor areas. or per capita. staft costs by the time spent and other costs by tlieir usage. Taxation The charity is considered to pass the tests set out in Para&Yaph I Schedule 6 of the Finance Act 2010 and therefore it meeis the definilion of a charitable coinpany for UK corporalion tax purposes. Accordingly, Ilie charity is Potentially exempt froin laxaiion in respeci of income or capital gain5 received withiii calegiories covered by Cl?apler 3 Part I l ot. the Corporation Tax Act 201 O or Section 256 of the Taxation of Cl)argeable Gains Act 1992, 10 the exlenl that such income or gains are applied exclusively to charitable purposes. Tgngible fjxed assets Individual fixed assets costing £0.00 or more are initially recorded at cosl, less any subsequent accumulated depreciation and subsequent accurulated iiiipairnient losses. Depreciation and amortisation Depreciatton is provided on tangible fixed assets so as to write off the cost or valuation, I¢s5 any estiinated residual value, over their expected useful economic life as fol lows: Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-lerni highly liqutd investments thal are readily coiivertible to a known a17)ount of cash and are subjeci to an insignificant risk ot change in value. Page 13
The River Bann and Lough Neagh Association Company Notes to the Financial Statements for the Year Ended 31 October 2023 BDrrowing5 Interest-bearing borrowings are initially recorded at fair value, nel of transaction costs. Inlerest-bearing borrowings are subsequently carried al ainortised cost. with the difference belween the Proceeds, nel of Iransaclion costs, and the amount due on redemption being recognised as a charge to th¢ Stalenienl of Financial Activities over the period of tl)e r¢l¢vani borrowing. Inlerest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless tlie charity has an unconditional ribpht 10 defer settlement of the liability for at least twelve months after the reporting date. Foreign exchange Transaclioiis in foreign currencies are recorded at the rate of exchangye al the dale of the Iransaclioi). Monetary aSSCls and liabilities deiioniinated in foreign currencies at the balance sheet d¢tte are reponed at Ihe rates of exchange prevailing al thal date. The results of overseas operations are translated ai the average rates of exchanbie during the period and their balance sheels ai the raies rulii)g al the balance sheet date. Exchangc differences arisingy on Irai)slatioii ot the opening net asseis and results ot overseas operatioi)s are reported in other comprehensive income and accumulated in equity (attributed lo non-controll ing interests as appropriate). Other exchange differences are recognised in the Stateitjenl of Financial Aclivities in the period in which they arise except for.. l ) exchange differences on transactions eiitered into to hedge certain foreign currency risks (see above). 2) exchange differences arising on gains or losses on non-moneiary iteins which are recognised in other coinprehensive income; and 3) in the case of the consolidated finai)cial Slateinents. exchange differences on monelary itelns receivable from or payable io a foreign operation tor which settlement is neiiher planned nor likely to occui. (therefore fonning part of the net investment in the forei&yn operation), which are recognised in other comprehensive income and reported under equity. Fund structure Unrestricted income funds are general funds that are available for use at the trustees dis¢relion in furtherance of the objectives of the charity. Page 14
The River Bann and Lough Neagh Association Company Notes to the Financial statements for the Year Ended 31 October 2023 Financial instruments Debi In,Ilrumenis Debt instruinenis which meet Ihe following conditions are subsequently measured at amortised cost Using the efteciive interest method: (a) The contractual return to the holder is (i) a fixed amount. (li) a positive fixed rate or a posilive variable rate. or (iii) a combination of a positlve or a negatlve fixed rate and a positive variable rate. (b) The contract may provide for repayinents of the principal or the return to ihe holder (but not both) to be linked to a single relevant observable index of general pric¢ inflation ot the cuffency in which the debt instrument is denominated, provided Such links are not leveraged. (c) The contract Iiiay provide for a determinable variation of the return to the holder during the life of ihe Instrument, provided Ihal (i) Ilie new rate satisfies condition (a) aiid the variation is noi contingJent on future events other than { l ) a chan&Tre of a Contractual variable raie; 12) to protect the holder abjainst credit deterioration of the issuer. (3) changes in levies applied by a central bank or arising froin chang?es in relevant taxation or law; or (li) the new rale is a Inarkel rate ot interest and satisfies condition (a)- (d) There is iio coi)Iraciual provision that cou Id. by ils temis, result in the holder losing the principal arnount or any interest allributable to the current Peri od or prior periods. (e) Contractual provisions thai penn it the R Ssuer to prepay a debi instruinent or perniil the holder to put it back lo Il)e issiier betore Iiiailirity are not Cojitl n&ent on future evenls, Other than to protect the holder agyainst tlie credit deterioration of the issuer or a change i n Control of the issuer, or to protect ihe holder OT issuer agyainst changes in levies applied by a central bank or arising from changes in relevant taxation or law. (Q Contractual provisions niay penn it the extension of the teml of the debt instrument, provided thal the return to the l)older and aiiy olher contract14al paragraphs (a) to (c). Prov i s ions applicable during the extended tenn satisfy the conditioiis of Debt instruments that are classified as Payable or receivable within one year on initial recog)nition and which meet the above conditions are Ineasured to be paid or received, net of iinpainnent. t the undiscounted amount of the cash or other consideration expected With the exception of some hedgin8 instruments, oiher debt instruments not meeting these conditions are measured al fair value through profit Or Ios s_ Commitrnenls to make and receive loan (which inay be nil) less impainnent. Jiivestmenis Investments in non-convertible preferene knares and non-puttable ordiiiary or preference shares (where shares are publicly trdded or their fair value is ably Ineasurable) are Ineasured at fair value ihrough profit or loss. Where fair value cannot be measured reli4E> A . Investments in subsidiaries and associates investments are tt]easured at cost less impainnent. acquired for consideratton including th reference to the nominal value of the SF imeasured at C05t less iinpaimient. For investments in subsidiaries ignored. Ssue of shares qualifying for merger relief, cost is measured by es issued plus fair value of other consideration. Any premium i< Which Ineet the conditions mentioned above are measured at cost Page 15
The River Bann and Lough Neagh Association Company Notes to the Financial Statements for the Year Ended 31 October 2023 Derlvativefinanc'lal in.slrMmenlJ The charity uses derivative financial instruinenis to reduce exposure lo foreign exchange risk and inleresl rate moveTnents. The charity does not hold or issue derivative financial instruments for speculaiive purposes. Derivatives are initially recognised al fair valuc at the date a derivative contract is ¢nler¢d into and are subsequently remeasured to their fair value at each reporting date. The resulling g7ain or loss is recognised in stalement of financial activilies iinmediately unless tlie derivative is designated and etyective as a hedging instrumenl, in H'hich event the timing of the recognition in slateinent of tinancial activities depends on the nalurc of the liedge relationship. Falr value mea.sureiNenl The best evidence of fair value is a quoted price for an identical asset in an active markel. When quoled prices are unavailable, the price of. a receni iransaction for an idenlical asset provides evidence of fair value as lon&F as there htis not been a significant change in econoimic circiiiiislances or a significant lapse of liille since the transaction look place. If the markei is not active and recent transactions of an ideniic<il asset oi) Ihcir own are nol a good eslimate of fair value, the lair value is esliimated by using a valualiot) techiiique. 3 Income from donations and legacies Unrestrieled funds General Total funds Doiiations 4nd legacie5,' Donation5 froin individuals Gift aid reclaimed 3,683 173 3,683 173 Total for 2023 3,856 3,856 Total for 2022 2.631 4 Ineome from other tradtng activities Unrestrieted funds General Total funds Trading? income; Shop income from sale of donated goods and services Events income; Other events income Other income from other trading activities Total for 2023 701 701 9,300 15,875 9,300 15,875 25,876 25,876 Total for 2022 13,193 13,193 Page 16
The River Bann and Lough Neagh Association Company Notes to the Financial Statemellts for the Year Ended 31 October 2023 5 Expenditure on raising funds a) Costs of trading aelivities Unrestrieted funds General Total funds Depreciation, amortisation and other 5iinilar costs Allocated support Losts Tot81 for 2023 Note 880 24,257 880 24,257 25.137 25,137 Total for 2022 14,257 14,257 Total Costs 6 Other expenditure Unrestricted funds General Total funds Other resources expended Total for 2023 Note 1,719 1,719 1,719 1.719 Page 17
The River Bann and Lough Neagh Association Company Notes to the Financial Statements for the Year Ended 31 October 2023 7 Ne¢ incomingloutgoing resources Net Outgoing resources for the year include.. 2023 2022 Depreciation of fixed assets 880 880 8 Truslees remuneration and expenses 9 Taxation The charity is a regislered charity and is therefore exempt from taxation. l O Tangible fixed assets Furniture and equipment Motor vehieles Tolal Cost Ai i November 2022 Additions 230,302 ?79 746 231.048 279 At 31 Oclober 2023 230,581 746 231,327 Depreciation Ai l Noveinber 2022 Chargpe for the year At 31 October 2023 227,662 880 746 228,408 880 228,542 746 229.288 Net book value At 31 October 2023 2,039 2,039 At 31 October 2022 2,640 2,640 I Cash and cash equivalents 2023 2022 Cash at bank 7,739 5.615 12 Creditors: amounts falling due within one year 2023 2022 Bank loans Oiher crediiors 6,446 970 6,446 (8) 6.438 7,416 Page 18
The River Bann and Lough Neagh Association Company Notes to the Financial Statements for the Year Ended 31 October 2023 13 Share eapital 14 Funds Balance at I November 2022 Other recognised gains/(losses) Incoming resources Balance at 31 October 2023 Resources expended Unrestricted funds General 5.465 29,732 2,362 Balance at I November 2021 Incoming . resources Resourees expended Balance at 31 October 2022 Unrestricted funds General 5,465 15,8?4 {20,073) 1,216 15 Analysis of nel assels between funds Unrestricted fund5 General Total funds al 31 October 2023 Tangible fixed assets Cuent assets Curreni liabilities 2,039 7,739 7,416 2,039 7,739 (7,416) Tolal net assets 2,362 2,362 Unrestricted funds General Total funds at 31 Oetober 2022 Tangible fixed assets Currenl assets Current liabilities 2,039 5.615 (6.438) 1,216 2,039 5,615 (6.438) Total net assets 1,216 16 Analysis of net funds Page 19
The River Bann and Lough Neagh Assoeiation Company Notes to the Financial Statements for the Year Ended 31 October 2023 At l November At 3] October 2022 2023 Cash at bank and in hand 5.615 5,615 Net debt -5,615 5.615 At l NoTr'ember Al 31 October 2021 2022 Ca.%h al bank and in hand 5,063 5,063 Nel debt 5.063 5,063 17 Related party transactions Page 20
The River Bann and Lough Neagh Association Company Statement of Financial Activities by fund for the Year Ended 31 October 2023 Unrestrieted Funds Total Total Unrestricted Unrestricled Funds Funds 2023 2022 ncome and Endowments from: Donations and legacies Other trading activities Total income 3.856 25,876 2,631 13,193 Expenditure on: Raising funds Other expenditure Total expenditure Net expenditurc Nei movement in funds Reconciliation of funds Tothl funds brought forward Total funds carried forward 29,73? 15,824 (31,116) (1,719) (20,073) {3? 83.f) (20,073) (3,103) (4,249 (3,103) (4,249) 5,465 5,465 2.362 Thi5 page doe5 not forn] part of the slatutory financial statements. Page21
The River Bann and Lough Neagh Association Company Detailed Statement of Financial Activities for the Year Ended 31 October 2023 Total 2023 Total 2022 Ineome and Endowments from: Donations and le&?aLies (analysed below} Other trading activities (analysed below) Total income i.856 25.876 2,631 13,193 Expenditure on.. Raising t.unds {analysed below) Other expenditure (analysed below) Total expenditure Nei expenditiire Nei movemeiil in ndS Reeonciliatlon of funds Total funds brought fonvard Total funds carried fonward ?9,732 (31,116) (1,719) (20,073) {32.835) (20,073) (3,103) 4.249) (3,103) (4,?49) 5,465 5,465 2,362 1,216 This page does not forn) part of the statutory fmancial statement5. Page 22
The River Bann and Lough Neagh Association Company Detailed Statement of Financial Activities for the Year Ended 31 October 2023 Total 2023 Total 2022 Donation.1 and legoc'ies Donations Gift Aid tax reclaiined 3,683 173 2,458 173 3,856 Oilier Iradliig ocilipliies UK Government grants Book Sales Boat Charters Catnpiiig Charity Event ?,631 15,875 701 1,995 6.727 578 9,500 4?3 325 2,790 155 25.876 Rai.sln£'fuiids Openii)&y Inerchandise Cleaning Web Sites Barge Expenses Biodiversity Jetty Expenses Boat Running Expenses Berth Fee Printing, postage delivery arid siaiionery Event Expens¢s Volunieer Expenses Accounlancy fees Legjal and professional fees Sundry & Office Costs Bank charges Depreciation of plant and Inachinery Depreciation of fixtures and fiitings Insurance Computer software and maintenance costs Printing, postage and stationery 13,193 (5,800) (179) (341) (4,489) (390) (4,957) (5,829) (1,025) 169) (364) (2.970) (1.560) (26) (113) (44) (780) (100) (1,709) (262) {109) (31,116) (5.800) (16) (1,420) (210) (3.736) (2,980) (1,025) (36) (952) (780) {13) (113) (32) {780) {100) (1,709) (262) (109) (20,073) Oiher weiidliure Jnsurance (1,719) (1,719) This page does not forni part of the statutory financial statements. Page 23