Finnard Rural Development Assoclation Annual Report and Receipts and Payments Account For the period 1st April 2022 to 31st March 2023 Northern Ireland Charitles Number: 103492
Flnnard Rural Development A550clation Contents Page Charity Informatlon Trustee's Annual Report 2-6 Independent Examiner's Report to the Trustees Statement of Receipt5 and Payments Statement of Assets and Liabilities Notes to the Financlal Statements I11
Flnnard Rural Development Association References and administrative details Charity Name: Finnard Rural Development Association Charity Registration Number: 103492 Contact Address: William Mitchell 38 Ballykeel Road Rathfriland Co Down BT34 5AZ Trustees: Mr Keith Hamilton Mrs Diane Graham Mrs Louie Campbell Mrs Eleanor Henning Mrs Sharon Magowan Mrjohn Magowan Mrs Andrea Barr Mrs Allison Niblock Mr William Niblock Mr Rodney Hamilton Mr William Mitchell Mrs Audrey Henning Mrs Sally Ann Magowan Independent Examiner: S.M. Vint & Co 8 Newry Road Banbridge BT32 3HN Bankers: Danske Bank
FRDA 2023 Annual Report for the year ended 31" March 2023. The trustees of Finnard Rural Development Association are pleased to submit st st their report and accounts for the period l April 2022 to 31 March 2023 Achievements and Performance Meeting Programme There were four meetings with an average attendance of eight. Activities Throughout the Year As in previous years the main activity has been Highland Dancing classes which are held on a regular weekly basis. Post CoVid-19 guida nce in respect of social interactions involving group settings is followed and monitored by the committee. The classes have been well attended and have had competition success under the excellent tuition of Kathryn Stewart. Membership 5t At 31 March 2023 there were 13 members of the association. Accommodation The association continues to use the facilities of Finnard Orange Hall and is grateful to the lodge for their continued support.
FRDA 2023 Financial Review Flnanclal Performance Financial performance has continued to be strong wlth a closing balance of £1,799. Income Income receipts for the year totalled £4.449. The association's income is generally healthy and remains consistent with previous performance. Expenditure Expenditure for the year totalled £3,542 and was mainly in respect of dance tutor fees and insurance, Financial Management The Association continues to use the services of a Chartered Accountancy practice to ensure that the requirements of The Charities ( Accounts and Reports ) Regulations {Northern Ireland) 2015 are being met. The Associatlon continues to maintain a small reserve of funds to better allow it to meet the funding challenges which the wider economic situation may impose. Securing external funding is becoming more difficult and the Association continues to review its own funding opportunities to maintain its ability to provide for the needs of the local community. Accounts for the Year ended 31st March 2023 ( Please refer to the attached accounts ).
FRDA 2023 Reference and Administrative Details Charity Name Finnard Rural Development Association Charity Number Registered in Northern Ireland, NIC103492 Principal Address 47 Old Newry Road, Rathfriland, Newry, Co. Down BT34 5BQ Charity Trustees in the year to 31" March 2023 MR WILLIAM MITCHELL Chairmon MR WILLIAM NIBLOCK Vice-chairman MR KEITH HAMIL TON Secretary MRS DIANE GRAHAM Treasurer MRS LOUIE CAMPBELL Child Protection Officer Publicity Officer/Catering MRS ANDREA BARR MRS ALLISON NIBLOCK Catering MRS ELEANOR HENNING Catering MRS SHARON MAGOWAN MR JOHN MAGOWAN MR RODNEY HAMIL TON MRS AUDREY HENNING MRS SALL Y ANN MAGOWAN
FRDA 2023 Advisors Banking Danske Bank, 37-39 Bridge Street, Banbridge, BT32 3JL S. M. Vint & Company,8 Newry Road, Banbridge, BT32 Accountancy Strurture, Governance and Management Governlng Document and Management th The Association is governed by a constitution adopted on 19 April 2007 and th last amended on 7 January 2016. The Association is run entirely by its committee members (trustees) and as of 5t 31 March 2023 there were 13 members. Trustee Selection and Management The Association is managed by a Committee which consists of all the appointed Trustees. A number of trustees also hold offices within the association as noted in the list of current trustees above. The committee typically meets four times per year. At each meeting the minutes are read out, the Treasurer reports on the latest accounts, correspondence is reviewed and the committee discuss plans for any future special events or projects. The Annual Report and Statement of Accounts are presented at the Annual General Meeting and approved by the Trustees / Comm ittee Members. Objertives ond Artivities Charitable Objectlves The object of the Association, as set out in our Constitution, is to promote the benefit of the inhabitants of the Finnard area and its environment and to advance knowledge and appreciation of the Ulster Scots music, language and culture and to encourage understanding and acceptance of all cultures in the area of benefit.
FRDA 2023 Public Benefit Statement The Trustees of Finnard Rural Development Association confirm that they have complied with their duty with regard to the Charity Commission for Northern Ireland's guidelines on public benefit and that the public benefit requirement 5t has informed the activities of the association in the year to 31 March 2023. In evaluating public benefit the trustees note that membership of the association is open to all persons from the community. Summary of Main Artivitles The core activities of the Association are Promote knowledge and appreciation of the Ulster Scots culture Encouraging understanding and acceptance of all cultures in the area Provide opportunity for the community to come together by planning events and activities that are open to all. Our philosophy is to offer to all, opportunities for community integration and cooperation regardless of personal circumstances, race. gender, ability or faith. Approved and adopted at a meetlng of the Committee on 23, October 2023 and signed on their behalf. Keith Hamilton Secretary
Independent Examiner's Report to Finnard Rural Development Associatlon I report on the accounts of the charlty for the perlod ended 31st March 2023 whlch are set out on pages 8-9. Respective responsibilities of Trustees and Examlner A5 the charit¢s trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It 15 my responsibility to: • examine the accounts under section 65 of the Charities Act; follow the procedures lald down In the general Directions given by the Charity Commission for Northern Ireland under sectlon 6519}(b) of the Charities Act; and • state whether particular matters have come to my attention. Basis of Independent Examlner's report I have examined your charlty accounts as requlred under section 65 of the Charities Act and my examinatlon was carrled out in accoidance with the general Directlons glven by the Charity Commisslon for Northern Ireland under section 65{9)(b) of the Charitles Act. My examination included a review of the accounting records kept bythe charlty and a comparison of the accounts presented with those records. It also Included consideration of any unusual item5 or disclosures In the accounts, and seeking explanations from you as charity trustees concerning any My role is to state whether any material matters have come to my attention giving me cause to l. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examlner's statement I have completed my examination and have no concerns in respect of the matters {1) to {4) listed above and, in connection with following the Directions of the Charity Commission for Northem Ireland, I have found no matters that requlre drawing to your attentlon. Thomas Wint FCCA For and behalf of S.M. Vint & Co Chartered Certified Attountants & Reglstered Audltors 8 Newry Road Banbridge BT32 3HN 23rd October 2023
Finnard Rural Development Association Statement of Receipts & Payments for the perlod ended 31st March 2023 Unrestricted Restrlcted Note funds fund5 Prior year Total funds total funds Income and endowments from: Donations Grants Total income 1,121 1,200 2,321 1,121 3.328 4,449 828 1.615 2,443 2,128 2,128 Expendlture on: Raising Funds Charitable Activities Total expenditure Net Income / (expenditurel resources 1,048 79 1.127 1,194 1,048 2,494 3,542 907 569 2.482 3,051 -608 2,415 2,415 -287
Finnard Rural Development Association Statement of Assets & Llablllties- Period Ended 31st March 2023 2023 2022 Reconclllatlon of funds at 31.03.23 Total funds brought forward Surplus/ldefJcit) this year end Total funds carried forward 4,930 907 5,837 5,538 -608 4,930 Bank & Cash Balances Cash at bank and in hand 5,838 5.838 4,930 4,930 Represented by Unrestricted funds Restrlcted fund5 Total Fund5 5,838 4,930 5,838 4,930 Notes on pages 10 to 11 are an integral part of these financial statements. The financlal statements on pages 8 to 9 were approved by the Board of Trustees on 23rd October 2023 and slgned on its behalf by: Mr William Mitchell- Trustee
Flnnard Rural Development Association Notss to the financlal statements for the perlod ended 3tst March 2023 l. A¢wuntlng pollcies The princlpal accountlng policies adopted, jud8ements and key source5 of estimation uncertainty in the preparation of the financial statements are a5 follows: a) Preparation of accounts on a going concem basls The charity generally meets its day to day worklng capital requlrements from it5 annual Income. The Trustees have obtained and revlewed cash flow forec3Sts for the coming year and based on these are satisfied that the charity has resources to provide a reasonable expectation that it can continue to meet its financial obligations as they fall due for the foreseeable future. Therefore these financial statements have been prepared on a going concern basls b) Income Income Is accounted for on a cash receipts basis as the amount Is collected and are allocated as either restricted or unrestricted funds according to the terms of the donatlon. c) Expenditure Expenditure is recogni5ed on a cash payments basis. d} Cash and cash equlvalent5 Cash and cash equlvalents include5 cash in hand. deposits held at call with banks, other short-term hi8hly liquid investments with origSnal rnaturities of three months or less and bank overdrafts. e) Funds Funds are classlfled as either restricted funds or unrestrfcted funds, defined as follows: Restrlcted funds are funds subject to specific requirements as to their USÈ which may be declared by the donor or wlth thelr authority Dr created through legal processes, but stlll within the wider objects of the Club. Unrestrlcted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestrlcted funds are earmarked at the dlscretion of the trustees for a partlcular purpose, they are designated a5 a separate fund. Thi5 designation has an administrative purpose only and does not legally restrict the trustees, discretion to apply the fund. 2. Fundraising Unrestrlcted Restricted Total 2023 Total 2022 Donations Grants 1,121 1,200 1,121 3,328 828 1,615 2,128 2,321 2,128 4,449 2,443 10
- Analysls of Expenditure Unrestrlrted Restrlcted Totsl 2023 Total 20Z2 Ralslng Funds Insurance Accountancy Bank Fees 600 300 148 600 486 148 83 1,048 569 Charitable Activities Highland Dance Food for Meetings Currys- New Speaker Forsythe Consultlng Ltd Miss LSpence- Ulster Scots Workshop Mr A Kernaghan- Brexit Talk Richard For5ythe - Talk 2,415 2,415 1,672 60 79 79 3) 150 150 150 79 2,415 2.494 2,482 Total Expendfture 1,127 2,415 3,542 3,051 Analysls of trustee remunerntion and expefftses. No Trustee received any payments other than for out of pocket expenses incurred. 11