Dlamond Rural Development Group Annual Report and Receipts and Payments Account For the year ended 31st December 2023 Northern Ireland Charitles Number= 103779 Diamond Rural Development Group Contents Page Charity Information Trustees, Annual Report Independent Examiner's Report to the Trustees Statement of Receipts and Payments Statement of Assets and Liabilitie5 Notes to the Financlal Statements Diamond Rural Development Group Page I References and admlnlstrative details Charity Name: Diamond Rural Development Group Charity Registration Number: 103779 Contact Address: 114 Diamond Road Dromara, Dromore. Co. Down BT25 2PX Trustees: David Meeke lan Ward LLB Steven Clarke Mark Sleator Independent Examiner: Alan Roulston FCA Flrst Floor 3 Gallow5 Street Dromore BT25 IBG Banker5; Santander Diamond Rural Development Group Page 2 Trustees, Annual Report for the perlod ended 31st December 20Z3 The trustees present the annual report and accounts for Dlamond Rural Development Group for the year ended 315t December 2023 Objectives and Activitles The organisation has been set up wlth the aim to promote the benefit of the inhabitant5 of the Skeogh area and its environs wlthout dlstlnctlon of age, sex, rao. political. religious or other opinlon. It will do so by a550¢1atlng the statutory authoritles, voluntary organi5ations and inhabiitants In a common effort to advance education and to provide facilities in the interests of the soclal welfare, education, re¢reation or pther leisurtrtlme occupation with the object of Improving the condition5 of life for the sald Inhabitsnts. Achlevements. Perfonnance & Public Benefft We are a rural community group based between Dromore and Dromara Co Down whose alm5 are to promote local community ski115, Increase soclal inclusion and help reduce marglnallzation and social isolatlon. We regularly organlse community events which have included food hygiene trainir)& PSNI safety events, cookery demonstrations, craft classes, First Aid tr3Snln& chlldren's Sunday school, music workshops, tractor runs, beetle drives, treasure hunts. Commun￿ information evenings, bar-be-ques and family fun nights. Flnanclal Review The charlties funds have decreased over the year and the group is dependent on 50urclng third party fundlng in order to run events. Going Concern The trustees have reviewed their financial positlon and are In a position to continue runnlng events next year. The nature and numberof events will be dependent on the whatfundinB opportunities arise and how they fit in with the groups alms and obJectsve5. As such the financla statements ort eyearen cem er can gne Structure Governance and Mana ement GoverThing Document and Constltution of the Charlty The charity15 governed by its constltution. Recruitment and Appolntment of Volunteers The Trustees welcome new volunteers to help wlth the running of the charlty, any new volunteers initially meet with the Trustees so they have a understanding of the work involved are given training and support. Organisatlonal Structure Page 3 The governlng body of the charlty is the board of trustee's who are listed on the informatlon page. The charity is run by the trustee's who worktogether to make decisions regarding the runnlng of the charity. Statement of Tru5tee5' Responslbllities The Trustee5 are responsible for preparing the Trustee's Report and the Statement of Receipts and Payments and Statement of Assets and Liabilities in accordance with applicable law and regulations. The law applicable to Charities in Northern Ireland with income of less than £250,000 require5 the Trustees to prepare a statement of Receipts and Payments and a Statement of Assets and Liabllltles for each fTn3ncial year. The Trustees are responsible for keeping accountlng record5 that are sufficent to show and explain the transactions and disclose with reasonable accruacy at any time the A55et5 and Liabilitie5 of the charlty. They are also responsible for safeguarding the Assets of the charity and hence taking resaonable Steps for the preventlon and detection of fraud and other irregularlties. Statement as to disc105ure to our exam5ners In 50 far a5 the trustees are aware Ht the timln8 of approvlng our trustees, annual report: - there is no relevant audit infomation of which the charity's auditor Is unaware. and - the tru5tee5 have taken all steps that they ou8ht to have taken to make themselves aware of any relevant audlt Infomatlon and to establish that the charltvs audltor is aware of that information. Independent Examiner The examiner, Alan Roulston ha5 Indlcated their wi15ingness to continue in office. On behalf of the Trustees Steven Clarke - Trustee MarkSleator- Trustee Independent Examlner's Report to Diamond Rural Development Group Page 4 I report on the accounts of the charity for the year ended 31st December 2023 whlch are set out on pages Respective responslbllftles of Trustees and Examlner As the charit15 trustee5 you are responsible for the preparation of the accounts In accordants wlth the Charitie5Art (Northern Ireland) 200& It is my responsibility to: examine the accounts under section 65 of the Charlties Act" follow the procedures laid down in the general Dlrectlons ￿Ven by the Charity Commission for Northern Ireland under settion 6519llb) of the Charltie5 Act: and stste whether partlcular matters have come to my attention. Basls of Independent Examlner's report I have examined your charty accounts a5 requlred undersection 65 of the Charities Act and my examinatlon was carried out In accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 6519)Ib) of the Charities Act. My examinatlon included a review of the accounting record5 kept by the charity and a compari50n of the accounts p￿sented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity tru5tee5 concerning any such matter5. My role is to state whether any material matters have come to my attention giving rne cause to bellevÈ: 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 accountlng records 3, That the accounts do not comply with the accounting requirements of the Charlties Art 4. That there is further information needed for a proper understandin8 of the accounts to be reached. epRDthLoxamlne¢s ststement I have Completed my examinatlon and have no concerns in ￿speCt of the Fnatters 11> to (4) Ilsted above and, in connectiori with followlng the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Alan Roulston FCA First Floor 3 GHIIow5 Street Dromore BT25 IBG Dlamond Rural Development Group Page 5 Statement of Receipts & Payments for the year ended 31st December 2023 Unrestrlcted Restricted Note funds funds Prior year Total funds totsl funds Incorne from: Donations Fundraising Events Grant Funding Total income 1,055 493 2,901 172 4,621 1,055 493 2,901 4,066 8,515 400 1,550 2,784 4,734 3,894 3,894 Expendlture on: Raising Funds Charitable Activities Total expendlture Net income / (expenditure) resources 2,657 2,657 1,964 3,894 3,894 6,551 6,551 1,964 4,070 4,070 664 Dlamond Rural Development Group Page 6 Statement of Assets & Liabilities- Year Ended 31st December 2023 2023 2022 Reconciliatlon of funds at 31st Dec 2023 Total funds brought forward Surplus/(deficit) this year end Total funds carried forward 2,345 1,964 4,309 1.681 664 2,345 Bank & Cash Balances Cash at bank and In hand 4,309 4.309 2,345 2,345 Represented by Unrestricted funds Restrlcted funds Total Funds 4,309 2,345 4,309 2,345 Notes on pages 7 to 8 are an integral part of these financial ststements. The financial statement5 on pages 5 to 6 were approved by the Board of Trustees on 28 February 2024 and slgned on its behalf by: Steven Clarke- Chair Person Mark Sleator- Treasurer Diamond Rural Development Group Page 7 Notes to the financial statements for the year ended 31st December 2023 l. Accounting policles The principal accounting pollcles adopted, judBeTnents and key source5 of ertimation uncertalnty in the preparatlon of the financial Statements are as follow5: a) Preparatlon of accounts on a going concern basls The Group meets it5 financial obligatiDns mainly from income received at events the Group run and also from making grantfunding appllcation5 for specific purposes. The Group ha5 Some reserves and so if there was a fall In income then it could still continue but with reduced artivity. The expenditure relating to grant income is mostly dependent on the funding being successful and as such sf this income dropped then the group would also have a drop in expendlture. Therefore these financial statements have been prepared on a going concem b351s. b) Income Income is accounted for on a cash receipts basis as the arnount is collected and are allocated as either restrlrted or unrestricted funds according to the terms of the donation. cl Expenditure Expendlture is recognised on a cash payments basls. dl Cash and (ash equivalents Cash and cash equivalents includes cash in hand, deposlts held at call wlth banks, other short-term hi8hlyliquid Investments wlth origin31 maturities of three months or less and bank overdrafts. l) Funds Fund5 are classifled as either re5trirted funds or unrestricted funds, defined as follows: Restricted funds are funds subject to speclfic requlrements as to their use which may be declared by the donor or with thelr authority or created through legal prO￿sSes, but still withln the wider objects of the Group. Unrestricted fund5 are expendable at the dlscretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretlon of the trustees for a particular purpose, they are deslgnated as a Separate fund. This designatlon has an administrative purpose only and does not legally restrlrt the trustees, discretlon to apply the fund. 2. FundraislnE Unrestrlcted Restrlcted Total 2023 Total 202Z Clothes Bank Co51ertlon Flreside Qulx 153 340 153 340 3. Events Unrestricted Re5trScted Total 2023 Total 2022 Blg BreakFa5t Klngs Coronatlon Afternoon Tea Coffee Mornln8 2,386 515 2,386 515 1,550 2.901 2,901 1,550 Page 8 Grants Unre5trlcted Rertricted Totsl 2023 Total 2022 ABC Councll Runnlng Costs Grant Ulster scots Energy Cost Grant ABC Council Coronatlon Event DAERA Mlcro Grant 1,999 1,999 172 1,134 172 760 890 1,495 1.495 172 3,894 4,066 2,784 5. Analy515 of Expenditure Unrestrirted Restrlcted Total 2023 Total 2022 Charitable Artlvities Insurance Heatln8 011 Catering Hall Rent New Boiler Christma5 Gifts for Communlty 2022 Christmas Gift5 for Community 2023 Musical Perfonnance Blg Breakfast Costs New Door Electrical Repairs 243 783 175 1,098 1,495 243 783 350 1,325 2.450 234 212 i(YJ 243 807 175 1,295 175 227 955 234 212 100 150 854 600 800 Total 2,657 3.894 6.551 4,070 6. Taxatlon Diamond Rural Development Group 15 not subject to taxation on Its charitable activities. 7. Analysls of t￿￿Èe remuneTation and expenses. No Trustee received any payments other than for out of pocket expenses incurred on behalf of the group