Charity Registration No. NIC102591 Company Registration No. N1042579 {Northern Ireland) RURAL SUPPORT ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
RURAL SUPPORT LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr Peter Boyle Ms Gemma Daly Ms Jennifer Hawkes Mr Derek Lough Mr Daniel MtAtamney Ms Claire Saunders Mr James Speers Mr lan Stevenson Mr Virtor Chestnutt Ms Zita McNaugher (Appointed 6 September 2022} Mr Robin Irvine {Appointed 6 September 2022) Charity number NIC102591 Company number N1042579 Registered office Eststes Building Loughry College Cookstown Co. Tyrone Northern Ireland BT80 9AA Auditor FPM Accountants Limited 1 3 Arthur Street Belfast Co. Antrim Northern Ireland BT14GA
RURAL SUPPORT CONTENTS Page Trustees, report Ststement of Trustees, responsibilities Independent auditorfs report 12- 17 Statement of financial activities 18 Balance sheet Statement of cash flows 21 Notes to the financial statements 22-34
RURAL SUPPORT TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The Trustees present their report and financial statements for the year ended 31 March 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and -Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standaid applicable in the UK and Republic of Ireland IFRS 102) {effecttve 1 January 20191". TRusfEES' RESPONSIBILITIES STATEMENT The Trustees are responsible for preparing the Trustee's report and the financial statements in accordance with Generally Accepted Accounting Practice in Ireland including the accounting standards issued by the Accounting Standards Board and published by Chartered Accountants Ireland. The Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Trust and of the incoming resources and application of reS(r(eS, including the income and expenditure, of the Trust for that period. In preparing these financial staternents, the Trustees are required to.. selett suitable accounting policies and then apply them consistently,. observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and pruden¢ and, prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Trust will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable Trust's transactions and disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements comply with current statutory requirements. The Trustees are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. STRucfuRE GOVERNANCE AND MANAGEMENT Governing Document Rural Support was initially established in Autumn 2001 to help farmers and rural dwellers in Northern Ireland who were affected by the severe crisis in the agricultural industry at the time. The organisation is a charitsble company limited by guarantee, incorporated on 1st March 2002 and is registered as a charity (N1102591). The company was established under a Memorandum of Association and Is governed under its Articles of Association.
RURAL SUPPORT TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Recruitment and Appointment of the Charity Board The direttors of the company are also charty trustees for the purposes of charity law and are kn¢)wn as members of the Rural Support Board. The Rural Support Board has 11 members {who meet bi-monthly), representing a range of relevant experience/ski11sets, including farmers. current or former members of YFCU, representatives from the business community, communty/voluntary sector representatives and a health settor professional. Trustee Indurtion and Training Trustees are provided with induction and training when they join the Board and are provided with (gOIng training throughout each year to promote best practice and to support them in their role& Risk Management The Rural Support Board has conducted a review of the major risks to which the charity is exposed. A risk register has been estsblished and is updated at least annually. Where appropriate, systems or proce(bJres have been established to mitigate the risks the charity faces. Significant extemal risks to funding have led to the development of a strategic plan which will allow for the dtversification of funding and activities. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity. Organisational Structure The current 5tafFing structure of Rural Support includes the following roles: Chief Executive (Full-time) Marketing Communications Co-ordinator (Full-time) Volunteer and Human Resources Co-ordinator {Full-time) Therapy SeNices Co-ordinator (3 days/week) Head of Finance {60%/FTE} Finance and Executive Co-ordinator (Full-time) Head of Development and Strategic Engagement (Full-time) Head of Farm Support {Full-timel Farm Support Co-ordinator Icrisis - 4 days/week) Fam Support Co-ordinator (Proactive Programme5: Part-time) Fami Support Co-ordinator {Proattive Programmes.. Full-timel Fami Support Co-ordinator (Proactive Programmes= Full-time) Head of Social Farming and Innovation (Full-time) Social Farming Support Co-ordinator IFull-time) Plough On Project Co-ordinator {Full-time) Project Officer (Full-time) Rural Support also has a team of 24 Farm Business Mentors who work on various projects surrounding farm business planning and rural stress to include dealing wtth finance/debVtechnical issues and succession. Through one-to-one mentoring sessions they help farmers look at their options and support them to m*è realistic plans for the future of the farm business.
RURAL SUPPORT TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 They also support farmers and fam)ing family members through a range of pro-active business and mental health awareness training programmes in the form of workshops and seminars that tske place throughout the year. There are also a number of Counselling Mentors and mental health specialists who work alongside the Farm Business mentors to provide professional therapeutic support for farmers and farning families who are in crisis and this has significantly improved outcomes for those supported and their farm busines& At present Rural Support has approximately 35 volunteers who give their time, knowledge, expertis¢ and experience to the organisation. They undertake Support Line cover, work/life balance guidance, promrtion, and outreach as and when required. Rural Support continually evaluates its Support Line hours to meet demand. The existing volunteer levels are adequate and this is reviewed on a regular basis thoughout the year. OBJEcllvES AND AcrivtriES Rural Supporfs Vision is of a vibrant, healthy, and resilient farming community in Northem Ireld. Its mission is to provide professional and practical support to famiers, farm families and fam businesses throughoLrt Northem Ireland. It aims to do this through.. improving the health and wellbeing of farmers and fam) family members,. helping build resilient farm businesses that are adaptable to ongoing change and challenges- promoting socially inclusive services that the farming community can deliver for people in need of additional support. and, being a strong advocate and champion ft)r the farming community by contributing to a robust evidence base which helps infomi future policy decisions. In pursuing the organisation's objectives, Rural Support follow the strategic aims as outlined bebw which have been developed as part of the 2021-2024 strategy.
RURAL SUPPORT TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 37 MARCH 2023 Strategic Aim I e connect with all farming families in needand provide up to date and readily available assistance and resources relating to health and wellbeing,- fami business," and personal and fLrture planning for all famiing families and fam family members through our service programmes, networks and he online hub. ith Social Farming at its core, Rural Support has a relevant and impactful socMI innovation function, providing tangible and practical solutions through a range of projects and seNices in support of those mo vulnerable in our rural communities particularly older people and those ho experience loneliness and isolation and/or are socially and/or economical -disadvanta ed. We develop and grow our expert team of staff, volunteers, and mentors, who lead from the front using person-centred coaching and mentoring, to provide support to farmers and all members of our farming families during times of crisis- in planning for successful farm businesses; and, in developing stron mental and physical resilience, for now and the future. We have in place a networhng strategy. to both develop existing and create new collaborations, with those in the public and private sertors s e can work together to provide meaningful and pragmatic support for arming families and their businesses, and rural communities. We focus on helping farmers and farming families to build resilience an personal confidence in engaging with other agencies who could assi hem in building more successful businesses - essentially helping to bridge he gap that currently exists betsveen the services that are available an he take-up of services by those who could benefit but are relurtant to participate. We create a professional and agile business operation which will incorporate a well-structured and motivated management team, staff mentors, and volunteets underpinned by appropriate HR development and management process. Strategic Aim 2 Strategic Aim 3 Strategic Aim 4 Strategic Aim 5 Strategic Aim 6 Strategic Aim 7 We implement appropriate systems to produce timely financial information and ensure professional financial, govemance and internal controls which will be reviewed independently on an annual basis. We will also implemen appropriate information and data management systems to SUPPOrt ou ork with communities, artners, and funders.
RURAL SUPPORT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 PUBLIC BENEFIT STATEMENT The Trustees of Rural Support confirm that they have complied with their duty under section 4{6) of the Charities Act (Northern Ireland} 2008 to have regard to the Charity Commission for Northem Irelands guidance on public benefrt and that the public benefit requirement has informed the attivities of the charity in the year ended 31 March 2023. ACHIEVEMENTS AND PERFORMANCE 2022123 Rural Support is a registered charty and a company limited by guarantee. It operates across Northern Ireland from a base in Cookstown, Co Tyrone Northem Ireland. It has a small staff team of 16 and is managed by a voluntsry Board of representstives Wlth agricultural and njral interests. The organisation's main areas of charitable activty and services include= Provision of a Support Line service for rural dwellers beeen 09.00am and 09.00pm, Mon-Fri: Provision of contact information and/or connecting callers to appropriate supporL Provision of business, finance, technical and counselling mentoring and ongoing suppoit Provision of training programmes to develop resilience and knowledge for those working in the agri- sertor, Provision of the Social Farming Support Service for Northem Ireland and various social innovation projetts and activities to support the most vulnerable members of the rural communty. Undoubtedly, times are very challenging in the agri-food sector, with worries about rising inpLrt costs and concerns of food security impatting significantly on the farmer and the farming family. In April 2021, to increase the organisation's ability to respond to these concerns and other market pressures on the sector, Rural Support launched an ambitious new strategy 'Revisioning Rural Support for a Stronger Future 2021 to 2024, which provides capacity for wider ranging, more holistic support to farmers across the age spectrum - directly engaging with farmers and farm businesses before they reach crisis stage. Now in the 2nd year of this new approach Rural Support has moved from a reactive position of support provision to providing a suite of proactive programmes and services dedicated to improving the health of both farm business and members of the farm family. The focus is on empowering farmers and farm families to plan ahead for their business and personal health and wellbeing,. become more resilient in times of difficulty, and, know how to get the most appropriate support and from where. While farmers, families and rural communities face ongoing and often unpredictable challenges, Rural Support remains steadfast in its commitment to serving those who need sUPPOrt and assistance. At the end of the 2nd year of its current strategy, Rural Support's team has surpassed the ambitious KPIS set by the board and are in a strong position to fulfil the strategy'5 objectives as it moves into year 3.
RURAL SUPPORT TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 HOW HAVE WE MADE A DIFFERENCE? During the 2022/23 financial year a number of key outcomes have been achieved by the Charity supporting our farmers and farming families to build resilience. Support Line calls and 98 referrals from the wider Agri-sector 136 indtviduals received 1-1 support through the Public Health Agency mentoring programme - several of these cases required input from more than 1 mentor, complex cases to include finance, succession, TB closure, family disputes etc. Through the Farm Business Sustainability Programme delivered through CAFRE'S Farm Family Key Skills programme some 37 families each received up to 20 hours of 1-1 mentoring suppo¢ completed 5 farm business focused workshops and enjoyed Workshop 6 where they could choose to attend several workshops on the one day to include - Managing Farm Finances, Carbon on Your Farm, Renewable Energy, Sustainable Famiing, Diversification, Multispecies Swards and Succession Planning. The day concluded with a panel discussion to include David Brown IUFU President), Paul McHenry (CAFRD, Barry Caslin (Teagasc) and Graham Cooke (Rural Support Mentor}. Thanks to support from the NFU Mutual Charitable TrL5St 112 farmers completed workshops on various subjects to include Succession Planning and Preparing For Farm Inspections. CAFRE Coping With The Pressures of Farming - 216 individuals across 15 locations received this training which was the 3rd year of the programme which has now finished. CAFRE Making Tax Digital at the start of the year 290 farmers Boots on The Ground mental health awareness training for the agri-industry - 223 Agri sector workers (Ulster Bank, DAERA Vets, NIFCC, ChestnLrtt Animal Feeds, Fane Valley, UFU) Prince's Countryside Fund Resilience Programme 34 families in locations Seskinore and Dungiven with successful Study Tour to Scotland under guidance of David Kelley from Kite Consulting Life Beyond bereavement and loss support services support provided to 48 individuals and over 500 people either attended the Celebration event in The Glenavon or watched online to remember our loved ones. Reviving Rural - counselling and therapy sUPPOrt services provided support to 50 clients. SOCIAL FARMING: AN ESSENTIAL SERVICE Social Farming is an innovative use of agriculture to promote therapy, rehabilitation, social incljsion, education and social seNices in rural areas. There are multiple benefits from Social Farming for both the individuals involved and the rural economy. Rural Support deltvers the Social Famiing Support servi for Northern Ireland, supporting famiers delivering Social Farming and promoting the Service for those 0 could benefit from participation, leading its development here. Key achievements: Delivery support Ongoing support to 14 famis delivering New delivery established on 1 fami.. Jigsaw (March 2023 Social Farming Standards 7 farms awarded Standards badge Promotion Social Farming stand in Horticulture Pavilion at Balmoral Show, May 2022 Social Farming Awareness WeeL October 2022 Social Farming in Nl: Future Focus Conference, November 2022
RURAL SUPPORT TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Training Keeping Children and Adults Safe and Emergency First Aid at work training arranged by Rural Support, both in March 2023 Induction training delivered by Rural 5uppo¢ March 2023 Completion of SoEngage Plus project partner commitments including transnational meetings in Germany May 2022 and Romania September 2022 SUPPORTING OLDER AND ISOLATED FARMERS AND FARMING FAMILY MEMBERS In 2022/23 Rural Support continued its support programmes for older and isolated farmers family members. and farming Across the Hedgerow - a telephone befriending service for older or vulnerable, and/or isolated people from the farming community which matches them with a person from the agri-community to provide connection and support. During this year 16 clients receiving calls from 13 volunteers. Plough On for older and isolated farmers aged 65, aims to tackle rural isolation and increase social opportunrties for older farmers. The Plough On projett provides a tangible and practical way to support those older farmers and bring them together with liktrminded people, helping them to develop new nthorks and knowledge. The focus is on improving health and wellbeing through social inclusion, encouraging indtviduals to get and stay well both physically and emotionally it also provides respite to farming families, sharing the load in supporting our older famiing community- During this year support has been provided for ongoing Cohort 1 delivery to 7 groups and included a visit to Stormont to mark Ag Mentsl Health WeeL October 2022 and a Christmas meal for all groups funded by PHA'S Making Life Better programme. We also rolled Olrt a sustainabilty scoping exercise through the Elevate programme and included consultant engagement with all groups. There was also two new Cohort 2 groups established covering Group Leaders. volunteers, and members in Ballymacbrennan (February 2023) and Edemey (March 2023). SHINING A UGHT ON HEALTH AND WELLBEING Part of the Rural Support's strategic approach is to embed new thinking in how farmers and farming families view the importance of physical and mental well-being and to remove any remaining stigma around the development and management of overall health. The organisation focuses on communicating positive health messaging and providing prattical ways to help improve health both physical and mental and incorporates this into all its programmes as an integral part of developing, growing, and sustsining a successful farm business. Collaborative work is an essential element of destigmatlsing issues around mental and indeed physical health, given that these are interlinked with each other. The Reviving Rural project (April 2022 - March 2024) continued in-year and included includes campaigns and toolkit development to encourage self-help and development of positive behaviours around choices relating to mental and emotional health. Key achievement
RURAL SUPPORT TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Delivery of four digital campaigns.. June 2022 - Work Life Balance for Young People- September 2022 - Eating Well for Women and Young People; December 2022 - Tackling Loneliness and Isolation for Women,. March 2023 - Importance of Sleep for Young People Learning & Development Support- Production of 5 resource videos= Dealing with stress Dealing with unhelpful thoughts Emotional wellness in agriculture Women in agriculture The Northern Ireland Rural Health Forum, coordinated by Rural Support, brings together key decisic makers in agriculture, public, voluntary, government and related commercial organisations to help influence public opinion and ensure the appropriate incorporation of mental and physical health needs in rural communities - particularly for farming families - into strategy and policy development. As well as Rural Support, members of the Forum Steering Group include UFU,- NFU Mutual,. United Feeds; Chestnutt Animal Feeds Ltd; Moy Park,. Ulster Bank; Danske Bank,. YFCU; HSENI," Northem Health and Social Care TrusL Fann Family Health Checks Programme; Rural GPS; VetNI,' ABP Food Group,. Healthy Living Centre Alliance,. PHA. and Mindwise Key achievements.. Nl Agri-Rural Health Forum". Steering group meetings during 2022/23 - focus on Forum messaging and engagement events held.. Webinar for health professionals 'What are the barriers and solutions in providing health and SOCHI care to farming families?, April 2022 In-person events for farmers 'You and Your Farm Business Thriving Togetherf, November 2022 KEY PARTNERSHIPS AND OUTREACH Rural Support's strategy focuses on building relationships wf(h the fam)ing communty from young Feople right through to older famiers and encompasses the whole farm family. It also focuses on increasing collaboration with key stakeholders to help deliver our objertives and on helping those stakeholders better reach the farming community in order to deliver theirs. In 2022123 the charity continued to focus on working with agri-stakeholders as well as more widely with the public and private sector. Due to this increased engagement wff(h the agri sector we have seen a signrficant increase in clients being refeed through third parties. This reflects the work being done on the ground through outreach and other support programmes and our relationship with farmer-facing employees of companies working with our client base through our Boots on the Ground training. Securing referrals through this pathway helps reach frdrmers and farming families who would not ordinarily contact a SuH)ort or Helpline directly-
RURAL SUPPORT TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Overall, Rural Support has reached over 24,000 beneficiaries through its programmes and services during the year and reached countless Others through its outreach, communications, and marketing attivitie& We engaged with approximately 1037 individuals through our outreach and information sessions. And in addition to this there were over 15,000 visits to the Nl Farm Support Hub resource platform which launched in September. Rural Support featured in 260 newspaper articles this year and in 11 BBC radio intervEws. It also held a special event on Intemational Women's Day event at Chestnutt's Farm on the North Coast which gathered together women in agriculture OVERCOMING CHALLENGES On retlection of the hard work and commitment of staff, volunteers, and board members over the la* year, and despite the challenges presented thanks to an ever-changing external environment Rural Support provides a unique and value for money setvice that is vitsl for rural communities and delivers for its community and funders. Reaching individuals in isolated rural areas who need support is by no means straighrf0ard. However, Rurdl Support has proven that through its innovative approach and its OLrtreach and volunteer programmes, support can be channeled to those in need at time of need. Like most charities the main challenge we face is securing sufficient funding to meet demand and keep the ability to respond to those in need without delay or waiting lists. Going into 2023/24 Rural Support will continue to professionalise its fundraising efforts and secure the additional funding needed to create long- term sustainability for the organisation. Financial revtew For the year ended 31 March 2023 Rural Support has received £835,945 of income throughout the year and had total expenditure of £852,016 resulting in a deficit of £16,071. At 31 March 2023 Rural support had total reseNes of £262,377 of which £239,969 are unrestricted reserves. Funding Sources: The organisation currently receives support from the Tackling Rural Povety and Social Isolation RPSI) Programme in the Department of Agriculture, Environment and Rural Affairs (DAERA), the Public Health Agency and donations from National Fam)ers Union {NFU) Mutual Charitable Trust. It also carries out fundraising activities to generate other income and currently has a number of donations and funding from other sources including National Lottery Community Fund,- the Department of Health Mentsl Health Fund through the Community Fund for Northem Ireland and the Arts Council of Northern Ireland (ACNI). It also receives donations from the general public. Reserves Policy. Rural Support aims to have sufficient funds equal to the value of six months of core cost5. Currently the organisation has reserved more than six months. An ambitious programme of fundraising was launched in 2022123 and work continues to roll out in relation to this area with resources being dedicated to this effort - including creating a dedicated unit to manage tt - to help ensure reserves are kept at an appropriate level and that core funding is underpinned by sufficient income to ensure operational efficiency and effectiveness.
Draft Financial Statements at 14 September 2023 at 09:30:05 RURAL SUPPORT TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Structure. governance and management The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were= Mr Peter Boyle Ms Gemma Daly Ms Jennifer Hawkes Mr Derek Lough Mr Daniel McAtamney Mr James Moore Ms Claire Saunders Mr James Speers Mr lan Stevenson Dr Rebecca Orr Mr Victor Chestnutt Ms Zita McNaugher Mr Robin Irvine (Retired 1 January 2023) (Retired 6 September 2022) (Appointed 6 September 20221 {Appoir)ted 6 September 2022) Auditor In accordance with the company's articles, a resolution proposing that FPM Accountants Limited be reappointed as auditor of the company will be put at a General Meeting. Disclosure of information to auditor Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken apFxopriate steps to identify such relevant information and to establish that the audttor is aware of such infornation. The Trustees, report was approved by the Board of Trustees. M5 Gemma Daty Trustee 10-
Draft Financial Statements at 14 September 2023 at 09-30-05 RURAL SUPPORT STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 37 MARCH 2023 The Trustees, who are also the direttors of Rural Support for the purpose of company law, are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the Trustees are required to= select suitable accounting policies and then apply them consistently,. obsetve the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statnentS comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitie& 11
RURAL SUPPORT INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF RURAL SUPPORT Opinion We have audited the financial statements of Rural Support (the 'charity) for the year ended 31 March 2023 which comprise the ststement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 Tre Financial Reporting Standard applicable in the UK and Republi of Ire/andlUnited Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements- give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its incoming resources and application of resources, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We condutted our audit in accordance with Intemational Standards on Auditing (UK) IISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the 3udit of the financi31 statements section of our reporL We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial ststements in the UK including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 12-
RURAL SUPPORT INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF RURAL SUPPORT Conclusions relating to going concern In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitys ability to continue as a going concern for a period of at least elve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees Wlth respett to going concern are described in the relevant sections of this report. Other inforniation The other information comprises the information included in the annual report other than the ffinancial statements and our audfcor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibilty is to read the other infomiation and, in doing so, consider whether the other infomation is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the wor* we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact We have nothing to report in this regard. 13-
RURAL SUPPORT INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF RURAL SUPPORT Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion= the infomiation given in the financial statements is inconsistent in any material respett with the Trustees, report or sufficient accounting records have not been kept; or the financial statements are not in agreement with the accounting records- or we have not received all the information and explanations we require for our audit. Responsibilities of Trustees As explained more fully in the ststement of Trustees, responsibilities, the Trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitls ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations. or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under section 65 of the Charities Act (Northern Ireland) 2008 and report in accordance wtth the Act and relevant regulations made or having effect thereunder. 14-
RURAL SUPPORT INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF RURAL SUPPORT Our objecttves are to obtain reasonable assurance about whether the financial ststements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit condurted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Iegularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, OLrtlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. We obtained an understanding of the legal and regulatory framework applicable to the company through enquiry of management sector research and the application of cumulative audit knowledge. We identified the following principal laws and regulations relevant to the company - Companies Art 2006, Charities Act INorthem Ireland) 2008 and the Accounting and Reporting by Charities- Statement of Recommended Practice applicable to chartties preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effertive 1 January 2019). We developed an understsnding of the key fraud risks to the entlty (including how fraud might occur), the controls in place to help mitigate those risks, and the accounts, balances and disclosures within the financial statements which may be susceptible to management bias. Our understanding was obtained through review of the financial statements for significant accounting estimates, analysis of journal entries, walkthrough of the key controls cycles in place and enquiry of management. 15-
RURAL SUPPORT INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF RURAL SUPPORT Our procedures to respond to those risks identified included, but were not limited to: Enquiry of management and the entity's solicitors around actual and potential litigation and claims. Enquiry of management to identify any instances of non-compliance with laws and regulations. Reviewing minutes of meetings of those charged with govemance. Reviewing financial statement disclosures and testing to supporting documèntation to assess compliance with applicable laws and regulations. Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the nomial course of business. A further description of our responsibilities is available on the Financial Reporting Council's website at. httpsJkn.frc.org.uVauditorsresponsibilitie& This description fomis part of our audttor's report. 16-
RURAL SUPPORT INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF RURAL SUPPORT Use of our report This report is made solely to the chartys trustees, as a body, in accordance with part 4 of the Charf(ies (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stste to the charity's trustees those matters we are required to stste to them in an auditors. report and for no other purpose. To the fijllest extent pem)itted by law, we do not accept or assume responsibility to anyone other than the charty and the charity's trustees as a body, for our audit worl for this report, or for the opinions we have formed. FPM Accountants Limited Chartered Accountants Statutory Auditors 1 3 Arthur Street Belfast Co. Antrim Northem Ireland BT1 4GA FPM Accountants Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006. 17-
RURAL SUPPORT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted Restricted funds funds 2023 2023 Total Unrestricted funds 2022 Restricted funds 2022 Totsl 2023 2022 Notes Income and endowments from: Donations and legacies Charitable activities Other income 38,678 3.200 230,752 562,633 269,430 565,833 682 100,104 211,184 345,538 311,288 345,538 828 828 Totsl income 42,560 793,385 835,945 100,932 556,722 657,654 enditure on: Raising funds 6,917 6,917 4,815 4,815 Charitable attivities 101,875 743,224 845,099 105,638 541,419 647,057 Total resources expended 101,875 750,141 852.016 105.638 546,234 651,872 Net (outgoing)/ incoming resources before transfers 159,315) 43,244 (16,071) 14,706) 10.488 5,782 Gross transfers between funds 52,890 152,8901 60,223 {60,223) Net (expenditure}[Income for the year/ Net movement in funds (6,425) (9,646) {16,071) 55,517 (49,735) 5.782 Fund balances at 1 April 2022 246,394 32,054 278,448 190,877 81,789 272,666 Fund balances at 31 March 2023 239,969 22,408 262,377 246,394 32,054 278,448 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Art 2006. 18-
RURAL SUPPORT BALANCE SHEET ASA T31 MARCH 2023 2023 2022 Notes Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 11 1,704 5,902 12 126,985 266,777 136,327 327,005 393,762 463,332 Creditors: amounts falling due within one year 13 {133,089) {190,786} Net current assets 260,673 272,546 Total assets less current liabilitles 262,377 278,448 Income funds Restricted funds Unrestricted funds 15 22,408 239,969 32,054 246,394 262,377 278,448 19-
Draft Financial Statements at 14 September 2023 at 09:30:05 RURAL SUPPORT BALANCE SHEET (CONTINUED) ASA T31 MARCH 2023 The company is entitled to the exemption from the audit requirement contained in sertion 477 of the Companies Act 2006, for the year ended 31 March 2022, although an audit has been carried out under section 65 of the Charities Act (Northern Ireland) 2008. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts under the requirements of the Companies Act 20(. The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resourc and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2LX)6, for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 'Ll.11.13 Ms Gemma Daly Trustee Company Registration No. N1042579 -20-
Draft Financial Statements at 14 September 2023 at 09:30:05 RURAL SUPPORT STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Notes Cash flows from operating activities Cash absorbed by operations 18 (60,228) (104,8461 Investing activities Purchase of tsngible fixed assets Proceeds on disposal of tangible fixed assets 12,858) 19,100 Net cash (used inl/generated from investing activities 16,242 Financing activities Repayment of bank loans 13621 Net cash used in financing activities (3621 Net decrease in cash and cash equivalents (60,228) 188,966) Cash and cash equivalents at beginning of year 327,005 415,971 Cash and cash equivalents at end of year 266,777 327,005 21
RURAL SUPPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies Charity information Rural Support is a private company limited by guarantee incorporated in Northem Ireland. The registered office is Estates Building, Loughry College, Cookstown, Co. Tyrone, BT80 9AA, Northern Ireland. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's [goveming documentl, the Companies Act 2006 and "Accounting and Reporting by Charities: 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) (effective 1 January 20191" The charity is a Public Benefrt Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charty- Monetary amounts in these financial ststements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the Trustees have a reasonable expertation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in fijrtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted ndS are set out in the notes to the financial statements. 1.4 Income Income is recognised when the charty is legally entttled to it after any perfomiance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. -22-
RURAL SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies {Continued) 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases= Fixtures and fittings Computers 33Ye Straight Line 33Y. Straight Line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/{expendtturel for the year. 1.7 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of Its tsngible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indKation exists, the recoverable amount of the asset is estimated in order to determine the extent of the impaimient loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts Je shown within borrowings in current liabilities. 1.9 Financial instruments The charity has elected to apply the provisions of Settion 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financjal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of nterest. Financial assets classified as receivable within one year are not amortised. -23-
RURAL SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies {Continued} Inancial liabilihes Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effettive InteSt method. Derecognibon of financMI lbIlle5 Financial liabilities are derecognised when the charitys contrartual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any urbused holiday entitlement is recognised in the period in which the employee's seNices are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to temiinate the employment of an employee or to provide termination benefits. 1.1 l Retirement benefits Payments to defined contribution retirement benefft schemes are charged as an expense as they fall due. Critical accounting estimates and judgements In the application of the charty's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilrties that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. -24-
RURAL SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Donations and legacies Unrestricted Restricted funds funds Total Unrestricted Restricted funds funds Totsl 2023 2023 2023 2022 2022 2022 Donations and gifts 38,678 230,752 269,430 100,104 211,184 311,288 Donations and gifts Donations and Other Income NFU Mutual Trust Department of Agriculture, Environment and Rural Affairs 38,678 100 38,778 20,104 80,000 20,104 80,000 230,652 230,652 211,184 211,184 38,678 230,752 269,430 100,104 211,184 311,288 -25-
RURAL SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charitable activities Restricted In¢ome Restrirted Income T¢tsl 2023 Re5trirted Income 2023 2023 2022 Perfonnance related grants 3,200 562,633 565,833 345,538 Analysis by fund Unrestricted funds Restricted funds 3,200 3,200 562,633 562,633 345,538 3,200 562,633 565,833 345,538 Performance related grants Public Health Agency Social Farming DAERA Prince's Countryside Fund - Resilience So Engage and So Engage Plus RABI & LFT Trust Emergency Fund Farm Families Key Skills NFU National Lottery - Plough On Life Beyond MUDC Other 87,322 76,975 25,545 7,315 9,094 70,181 82,340 92,878 26,285 87,322 76,975 25,545 7,315 9,094 70,181 82,340 92,878 26,285 61,472 76,231 10,768 25,505 6,995 29,360 24,012 53,231 43,938 6,000 8,026 3,200 84,698 87,898 3,200 562,633 565,833 345,538 Other income Unrestricted Unrestricted funds funds 2023 2022 Net gain on disposal of tsngible fixed assets Other income 409 419 682 682 828 -26-
RURAL SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Other income (Continued} Raising funds Restricted funds Restricted funds 2023 2022 Staff costs 6,917 4,815 6,917 4,815 -27-
RURAL SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charitable activities Unrestricted Restricted 2023 2023 Total 2022 Total Restricted 2022 2022 Totsl Staff costs Office Expenses Telephone Shows and Fairs Travel and Subsistence Promotional Costs Training Facilitation & Independent Support Emergency Fund and Seed Grant Payments Recruitment Costs Study tour Counselling costs 22,917 347,502 3,838 51,604 36,638 11,541 12,077 370,419 3,838 53,899 42,384 14,298 13,429 12,212 277,133 3,522 19,466 21,970 14,710 21,567 289,345 3,522 25,666 24,931 19,361 22,109 2,295 5,746 2,757 1,352 6,200 2,961 4,651 542 11,854 111,007 122,861 12,426 68,938 81,364 3,000 3,000 6,937 329 6,937 676 347 10,737 40,891 10,737 40,891 46,921 628,835 675,756 39,339 434,572 473,911 Share of support cost5 (see note 8) Share of governance costs (see note 8} 50,191 114,322 164,513 66,299 100,527 166,826 4,763 67 4,830 6,320 6,320 101,875 743,224 845,099 105,638 541,419 647,057 Analysis by fund Unrestricted funds Restricted funds 101,875 101,875 743,224 105,638 105,638 541,419 743,224 541,419 101,875 743,224 845,099 105,638 541,419 647,057 -28-
RURAL SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Support costs Support Governance costs costs 2023 Support Governance costs costs 2022 Stsff costs Depreciation Bank Charges General Expenses Insurance Motor Vehicle Expenses Accountancy Fees Telephone Volunteer Expenses Printing, Stationery PA Postage IT & Website Costs Subsciptions Legal and professional 117,859 4,198 332 4,763 122,622 4,198 332 6,858 1,855 110,939 5,452 265 6,494 1,343 228 6,103 7,857 2,459 4,073 115,012 5,452 265 6,494 1,343 228 6,103 7,857 2,459 6,858 1,855 5,350 9,743 1,497 5,350 9,743 1,497 4,566 11,575 680 4,566 11,575 680 67 8,510 16,450 726 8,510 16,450 726 2,247 67 2,247 164,513 4,830 169,343 166,826 6,320 173,146 Analysed between Charttable activities 164,513 4,830 169,343 166,826 6,320 173,146 Support costs includes payments to the auditors of £4,20012022- £4,200) for audit fees. Trustees None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. 10 Employees The average monthly number of employees during the year was- 2023 Number 2022 Number 18 12 -29-
RURAL SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 10 Employees (Continued) Employment costs 2023 2022 Wages and salaries Social security costs Other pension costs 434,114 39,579 26,265 358,564 30,755 19,853 499,958 409,172 The key management personnel of the charty comprises the Trustees and the senior management team. No employee received remuneration of more than £60,000 during the year (2021 Nil). 11 Tangible fixed asset5 Fixtures and fittings Computers Total Cost At 1 April 2022 9,419 26,045 35,464 At 31 March 2023 9,419 26,045 35,464 Depreciation and impairment At l April 2022 Depreciation charged in the year 9,416 20,146 4,195 29,562 4,198 At 31 March 2023 9,419 24,341 33,760 Carrying amount At 31 March 2023 1,704 1,704 At 31 March 2022 5,899 5,902 -30-
RURAL SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIVDED 31 MARCH 2023 12 Debtors 2023 2022 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 113,278 10,346 3,361 115,409 15,121 5,797 126,985 136,327 The amount due from (Aher Debtors includes £5,571 that is due to be repaid to Rural Support over (ne year 13 Creditors: amounts falling due within one year 2023 2022 Notes Other taxation and social securty Deferred income Trade creditors Other creditors Accruals 14 94,734 29,992 1,114 4,201 158,587 24,195 582 7,422 133,089 190,786 14 Deferred income 2023 2022 Arising from Deferred Income 94,734 158,587 Deferred income is included in the financial statements as follows: Opening Balance Released During the Year Arising During the Year Closing Balance 158,587 (158,5871 94,734 94,734 31
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RURAL SUPPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 16 Anatysis of net assets between funds Unrestricted Restricted funds funds 2023 2023 Total Unrestricted Restritted funds funds 2022 2022 Total 2023 2022 Fund balances at 31 March 2023 are represented by.. Tangible assets Current assets/(liabilities) 1,704 238,265 1,704 260,673 5,902 240,492 5,902 272,546 22,408 32,054 239,969 22,408 262,377 246,394 32,054 278,448 17 Related party transaction5 Rural Support has granted a 48 month loan of £19,100 to an employee within 2021/22. Interest is based on the HMRC Annual Interest Rate, being 2% in 2022123. 18 Cash generated from operations 2023 2022 {Deficitl/surpus for the year (16,071) 5,782 Adjustments for. Gain on disposal of tsngible fixed assets Depreciation and impairment of tangible fixed assets (409) 5,452 4,198 Movements in working capital.. Decrease/(increase) in debtors Increase/ldecrease) in creditors (Decrease} in deferred income 9,342 6,156 163,853) (51,594) (6,054) {58,023) Cash absorbed by operations (60,228} (104,846} 19 Analysis of changes in net funds The charity had no debt during the year.