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R.I.O.T. Revival In Our Town
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of R.I.O.T. Revival In Our Town
Year ended 30 April 2025
I report to the trustees on my examination of the financial statements of R. 1.0. T. Revival In Our Town ('the charity') for the year ended 30 April 2025.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the '2008 Act') and the Companies Act 2006 ('the 2006 Act'). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect:
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1 . accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act: or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered
Company Limited by Guarantee Statement
of Financial Position
30 April 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | |||
| Fixed assets | |||
| Tangible fixed assets | 13 | 16,498 | 22,449 |
| Current assets | |||
| Cash at bank and in hand | 118,439 | 83,408 | |
| Creditors: amounts falling due within one year | 141,659 | 3,549 | |
| —_— | |||
| Net current assets | 116,780 | 79,859 | |
| Total assets less current liabilities | 133,278 | 102,308 | |
| Net assets | 133,278 | 102,308 | |
| Funds of the charity |
Unrestricted funds
133,278 102,308
16 133,278 102,308
Total charity funds
For the year ending 30 April 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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;
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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 11 March 2026, and are signed on behalf of the board by:
Mrs G Patterson 4.Ætex-z-e-c.—-..— Trustee
The notes on pages 7 to 13 form part of these financial statements.
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R.I.O.T. Revival In Our Town
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 April 2025
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in N Ireland and a registered charity in Northern Ireland. The address of the registered office is 7 Manse Road, Dundrum, Newcastle, Co Down, BT33 ONE, Northern Ireland.
as part of an independent examination; or
- the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
teas Michael T Dal
Michael Daly ATT C Johnston & Co Independent Examiner
112a Market Street
Downpatrick Co Down Northern Ireland BT30 6LZ 11 March 2026
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R.I.O.T. Revival In Our Town
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 30 April 2025
2025 2024
Unrestricted funds Total funds Total funds
Note
| Note | |||
|---|---|---|---|
| Income and endowments | |||
| Donations and legacies | 5167,906 | 167,906 | 122,105 |
| Total income | 167,906 | 167,906 | 122,105 |
| Expenditure | |||
| Expenditure on charitable activities | 36 | 136,936 | 116,855 |
| Other expenditure | 8 | - 900 | |
| Total expenditure | 136,936 | 136,936 | 117,755 |
| Net income and net movement in funds | 30,970 | 30,970 | 4,350 |
| Reconciliation of funds | |||
| Total funds brought forward | 102,308 | 102,308 | 97,958 |
| Total funds carried forward | 133,278 | 133,278 | 102,308 |
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 pages 7 to 13 form part of these financial statements.
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R.I.O.T. Revival In Our Town
2. 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
- Accounting policies
Basis 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 key sources of estimation uncertainty
There have been no assumptions or estimates made which will have a significant affect within the next financial year.
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 earmarked 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.
R.I.O.T. Revival In Our Town
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 April 2025
3. Accounting policies (continued)
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 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:
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Oo 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.
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0
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legacy income is recognised when receipt is probable and entitlement is established.
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Oo 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.
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0 income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it 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 includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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O expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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Oo 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 costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
All fixed assets are initially recorded at cost.
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R.I.O.T. Revival In Our Town
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 April 2025
3. Accounting policies (continued)
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:
Motor Vehicles 20% straight line Equipment 20% straight line
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 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 largely independent of the cash inflows from other assets or groups of assets.
For impairment 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, irrespective 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 charity 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.
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.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
R.I.O.T. Revival In Our Town
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 April 2025
3. Accounting policies (continued)
Financial instruments (continued)
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
The company is limited by guarantee of members and does not have a share capital. The liability of members is limited to El
5.Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations Voluntary Donations 167,906 167,906 122,105 122,105
6.Expenditure on charitable activities by fund type
Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Activity type 1 136,936 136,936 116,855 116,855
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R.I.O.T. Revival In Our Town
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 April 2025
7.Expenditure on charitable activities by activity type
Activities undertaken Total funds Total fund directly 2025 2024 Activity type 1 136,936 136,936 116,855
| 8. | Other expenditure | |||
|---|---|---|---|---|
| Unrestricted Total Funds Unrestricted Total Funds | ||||
| Funds | 2025 | Funds | 2024 | |
| Loss on disposal of tangible fixed | ||||
| 9. | assets held for charity's own use | - 900 | 900 | |
| Net income | ||||
| Net income is stated after charging/(crediting): | ||||
| 2025 | 2024 | |||
| Depreciation of tangible fixed assets | 5,951 | 5,951 | ||
| Loss on disposal of tangible fixed assets | - 900 | - 900 | ||
| 10. | Independent examination fees | 2025 | ||
| Fees payable to the independent examiner for: | 2024 | |||
| Independent examination of the financial statements | 200 | 200 | ||
| Other financial services | 700 | 700 | ||
| 900 | 900 |
11. Sta= costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2025 | 2024 | |
|---|---|---|
| Wages and salaries | 46,211 | 34,802 |
| Social security costs | 9,996 | 7,993 |
| Employer contributions to pension plans | 3,106 | 2,283 |
| 59,313 | 45,078 |
The average head count of employees during the year was 2 (2024: 2). The average number of full-time equivalent employees during the year is analysed as follows:
2025 2024 No. No.
Number of Management Staff 2 2
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R.I.O.T. Revival In Our Town
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 April 2025
11. Staff costs (continued)
No employee received employee benefits of more than E60,000 during the year (2024: Nil).
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees
13.
| Motor | ||||||
|---|---|---|---|---|---|---|
| vehicles Equipment | Total | |||||
| Cost | ||||||
| At 1 May 2024 and 30 April 2025 | 22,994 | 31 ,027 | 31 ,027 | 54,021 | 54,021 | |
| Depreciation | ||||||
| At 1 May 2024 | 4,599 | 26,973 | 31,572 | 31,572 | ||
| Charge for the year | 4, 599 | 1 ,352 | 5,951 | 5,951 | ||
| At 30 April 2025 | 9,198 | 28,325 | 28,325 | 37,523 | 37,523 | |
| Carrying amount | ||||||
| At 30 April 2025 | 13,796 | 2,702 | 2,702 | 16,498 | 16,498 | |
| 14.At 30 April 2024 | At 30 April 2024 | 18,395 | 4,054 | 22,449 | ||
| Creditors: amounts falling due within one year | ||||||
| Trade creditors | 759 | 2,749 | ||||
| Accruals and deferred income | 900 | 2025 | 800 | 2024 | ||
| 1,659 | 3,549 |
15. Pensions and other post retirement benefits
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was E3, 106 (2024: 2,283).
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R.I.O.T. Revival In Our Town
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 April 2025
16. Analysis of charitable funds
Unrestricted funds
| At | At | ||||
|---|---|---|---|---|---|
| 1 May 2024 | Income Expenditure 30 April 2025 | ||||
| General funds | 102,308 | 102,308 167,906 |
(136,936) 133,278 |
133,278 | |
| 1 May 2023 | 1 May 2023 | Income Expenditure 30 April 2024 | Income Expenditure 30 April 2024 | ||
| General funds | 97,958 | 122,105 | (117,755) 102,308 |
102,308 | |
| 17.Analysis of net assets between funds | |||||
| Unrestricted Total Funds | |||||
| Funds 2025 |
|||||
| Tangible fixed assets | 16,498 16,498 |
||||
| Current assets | 118,439 118,439 |
||||
| Creditors less than 1 year | (1 ,659) (1 ,659) |
||||
| Send | |||||
| Net assets | 133,278 133,278 |
||||
| Unrestricted Total Funds | |||||
| Funds 2024 |
|||||
| Tangible fixed assets | 22,449 22,449 Current assets | 22,449 22,449 Current assets 83,408 83,408 |
|||
| Creditors less than 1 year | (3,549) (3,549) |
||||
| Net assets | 102,308 102,308 |
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