COMPANY REGISTRATION NUMBER: N1056878 CHARITY REGISTRATION NUMBER.. NIC104883 Causeway Rural & Urban Network Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 DONALDSON & THOMPSON Chartered Accountants 3 Limavady Road Londonderry BT47 6JU
Causeway Rural & Urban Network Company Limlted by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report {incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) 11 Statement of financial posilion 12 Notes to the financial statements 14
Causeway Rural & Urban Network Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2024 The trustees, who are also the directors for the purpose5 of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2024. Reference and admlnlslratlve detalls Reglstered charity name Causeway Rural & Urban Network Charlty registration number NIC104883 Company reglstratlon number N1056878 Principal office and registered 1 Brook Street offlce Coleraine BT52 1PW The trustees Robert Rstchie Angela Welch Albert Clyde Indu Jairath Dorothy Moore Thomas McGonigle Anthony McGarvey Patrick Crolhers (Appointed 10 September 20231 Network Manager Ann McNickle Company secretary Robert Ritchie Independent examln•r Donaldson & Thompson Chartered Accountant5 3 Limavady Road Londonderry BT47 6JU Structure, governance and management The organisation is a charitable company limited by guarantee, incorporated on 17th October 2005, accepted as a charity by HM Revenue & Customs under reference number XR44321 and registered with the Charity Commission for Northern Ireland on 1st April 2016 under charity number NIC104883. The company was established under a Memorandum of Association which states the objects and powers of the charitable company and is governed under its Articles of Association. In the event of Ihe company being wound up members are required to contribute an amount not exceeding £1.
Causeway Rural & Urban Network Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Directorfs Report) (conllnuod) Year ended 31 March 2024 Objectives and activities The charitable purpose of the company is". The advancement of community development in Northern Ireland (the "area of b8nefit°l and In particular the promotion of the community and voluntary sector for the benefit by providing services, training, support, information, facilities and amenities to community and voluntary groups and encouraging and assisting such groups and organisations to Co-operate to achieve their aims. 111 To develop the capacity and skill of resident5 of communilies in the area of benefit that suffer social and economic disadvantage. in such a way that they are better able to identify, and help meet Iheir needs and participate more fully in society. (21 The advancement of health and well-being. (3) To promote good community relation5, religious and racial harmony and equality and diversity, (4) To promote such olher Charitable purposes as may from time to lime be detemiined. CRUN was established in September 1999 as a network of local community and voluntary groups with the aim of enabling regeneration and encouraging suslainabilily In local communities through community development processes. The nefvlork has worked tirelessly since it was established and currently has a database of over 240 organisations with more comin9 forward every year. Many changes have taken place over the years and CRUN currently implements a range of training and mentoring programmes in Community Development, Good Relations. Substance Misuse Education and Prevention and Positive Mental Health and encourages an ethos of collaborative working and sustainability to all of its members. Programmes and projects are delivered based on evidence and identified need within the Causeway Coast and Glen'8 area. The charity's trustees have had regard to the CharFiy Commission for Northern Ireland's guidance on public benefit. Achlevements and performanGe CRAB has maintained a level of funded projects to enable the organisation to continue to support the community within the Causeway area We have adapted our way of working, since the global pandemic and now have a hybrid way of connecting and also engaging with individuals and community groups in the area. However, more groups and participants are wanting to return to 'in person, events. The continued support from the Department of Communities has enabled CRUN to relain ils core staff lo oversee the current projects. as listed below. and apply for further funding to 'Empower People Develop Communities Enable Change. During 2023124 the projects have adapted and continued to excel within the communities Ihal they support
Causeway Rural & Urban Network Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (contlnu•d) Year ended 31 March 2024 Achievements and perfomiance (¢ontlnue The YEAR Project. funded by National Lottery Community Fund has been funded since 1 April 2013 and has offered a range of activities A summary of the key activities that have been undertaken with the young people are. New young people have been srgning up since September 2023, all young people experiencing low self esteem and confidence, anxiety, isolalion and loneliness. All young people now coming are also dealing with autism andlor ADHD andlor other learning difficulties such as dyslexia, dyspraxia, dyscalculia, however overall contact positive and regular for most young people. Youth Led Group Activities O Gaming spaces - character design and campaigns -this built personal development, confidence and team work O Talks on blacksmithing and herbal remedies O Vinyl cutting and t-shirt printing O Young People, Housing and Hidden Homelessness Interactive Training Events 0 3d model printing and painting 0 Budgeting and job searches Accredited Training O OCN Crafting was completed and signed off Feb 2024 Unaccredited Training O Journalling. CV Development, Job Searches, budgeting, journalling, herbal remedies, mixed media art and design, glass art and copper foiling. One to one support O As and when requested by young people, most support given through group work sessions 2-3hrs, 4-7 sessions per week. Fareshare Project O In response to an identified need of service users we have continued the Fareshare Projectin place wrth a focus on reducing food waste to remove stigma of young people using a food bank. Fareshare supports approximately 20-30 people per week. Partnerships & Community activilies O Young People were supported to work with theatre company to design and deliver interactive training sessions for professionals. parents and anybody currently working with young people experiencing barriers lo independent living O Supporting loneliness and isolation research carried out by Noel Wilson through network through University of Ulster, assisted Noel with presentations throughout the Young People Housing and Hidden Homelessness Interactive Training sessions. O Partnership work with Community Foundation Nl on Community Solutions to Housing and Homelessness Programme O To support lifestyle, social and economic independence and inclusion for young people liaising with O Links Counselling O Jobs & Benefits O NRC O University of Ulster O N.1. Anti-Poverty Network Referrals and Signposting - Links Counselling, BFIAKE. Triangle Housing. Jobs & Benefits, NRC
Causeway Rural & Urban Network Company Llmlted by Guarantee Trustees, Annual Report (Incorporatlng the Directorfs Report) (contlnued) Year ended 31 March 2024 Achlevements and performance (continued) The FareSh8re scheme has continued to be a great asset to many young people and their support networks. The scheme has allowed YEAR lo support young people and their families during the cost-of-living crisis. Everything from weekly food packages to ensuring young families had enough over Christmas to be able to afford heal, electricity, presents for children and food instead of having to choose between presents and food Parents of young people are supported through the Fareshare scheme which decreases the amount of stress in the family home making home life more manageable for both the young people and their support nelwoTks. The pop in facility in Room One also provides safe space for young people to call in to when they Just feel the need to have a bit of their own space. The Brake Project has worked directly with 18 young people since 1 April 2021. We have been able to offer a variety of support to the participants who are engaging including, small group training sessions, 1.1 training sessions, group activity sessions and fortnightly 1..1 goal setting I review sessions, Group Training Sessions - Groups sessions have offered the participants an opportunity to interact with peers and to develop their skills and qualrfications 1..1 Training sessions . 1..1 sessions have been provided to participants who feel unable lo engage in group sessions. Group Activity Sessions - This quarter group activity sessions have included weekly gym sessions, cookery and community project development. Team Building Activity We have offered a range of team building aclivities this quarter which have included The Chocolate Factory and the Cinema. 1..1 Support Sessions These sessions are completed on a fortnightly basis and take place in local coffee shops, walks on the beach. The Fresh Start programme funded through Department for Communities 63 women regularly attending across three siles, Ballysally, Killowen and Central Coleraine. All women are recruited from areas of high deprivation and there is evidence of paramilitary behaviour or community tension. All three areas have low numbers of women in community leadership roles. Ballysally Women's Group meet in Ballysally Youth and Community Centre and inveslmenl from this programme allows the use of a large social space, kitchen and adjoining hall where parenl-led Greche is located Women within this group are invested in the programme in lerms of commitment and volunteering time taking turns to shop, cook. plan sessions and contribute to organised events. Women who attend this group are carers for parents and children including adult children with long term conditions, single parents, cohabiting, married and divorced A high proportion of this group manage their own mental or physical conditions alongside caring for others. Younger members of this group avail of the creche facilty provided and we have nine children under the age of four registered. The group operates in term time and the focus since November has been money management and mental well-being. Members of the group highlighted the stress of the cost-of-living crisis and two
Causeway Rural & Urban Network Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2024 Achievements and performanc• (contlnued) child limit for Universal Credit leaving no option but informal money lending and this has been disastrous. As part of the volunteering, leadership and capacity building elements of the programme the group have developed and delivered two successful community events in the community centre. A 'Mrs Claus, Christmas event and a 'Spring Fairf. Everyone was provided with volunteering opportunities and recruited other members of the community to come along and help and over 500 people engaged across the events. The group undertook a study visit to Belfast Zoo which was very successful and aimed at alleviating holiday povety in the estate. We held an information session facilitated by the Northern Ireland Childminders Association going over the detail of how group members could become registered child minders as a potential career. This was hugely informative and was well received. The Killowen Group has been established since February and have been meeting weekly in the local primary school. They have availed of a programme of mental health. crafting. health eating and talks by local agencies including Surestart and Homeslart For their social action and volunteering project they have taken over a disused community garden in negotiation with the local communily association and begun transforming it into a shared space the whole community can enjoy They have worked hard clearing the 51te, planning new grown beds, repairing a polytunnel and generally clearing weeds and rubbish. Their aim is to continue their volunteering over the summer to maintain the garden and develop further renovation of the site. The group undertook a study visit to Wild Ireland in Donegaluicide Prevention small grants provide much needed support to 11 community organisationslgroups and helped over 500 beneficiaries and numerous volunteers prowding 1050 volunteer hours for the groups. Some of of the activities Included in the grant applications have been for people and communilies lo socialise again in a safe environment The Community based Suicide Prevention Development Officer's {SPDO) is a Joint community resource between CRUN and NACN with the aim of protecting and improving mental health and wellbeing whilst reducing health inequalities. Suicide prevention is a key priority of the CRUNINACN SPDO which requires action across many sectors including working across early years, education, health, schools, communities, sports clubs and churches. The Coleraine Group has been meeting since February and has engaged in a range of activities including mental health workshops, Accredited first aid training, money management, crafting, and volunteer development. The group undertook a study visit lo the Folk Park and are now developing their volunteering project which they are aiming lo bring all of the women in the project together to network.
Causeway Rural & Urban Network Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {¢ontlnue Year ended 31 March 2024 Achievements and perfomiance (contlnued) The Spring programme continued till July 23 with the social prescriber receiving referrals from GP and Primary Care providers In the legacy Coleraine Borough Council area for support wrth social isolation, low level mental health, chronic pain and physical inactivity, In August 23 we slarted the HELP Project which is funded by the National Lottery Community Fund, wilh initial project set up - conceptual meetings, establishing referral partners and referral pathways, forward planninglconsullalions. advertisinglbranding Programmes were open for referrals in late September and classes were rolled out from October 2023 The first quarters activities were: yoga, lexlile art, learning to paint, coffee & connect. crafting and book club a lolal of 34 sessions ran until mid-December these were all facilitated in the CRUN building, Coleraine. During this time personal plans were formulated with engaging participants and tailored opportunities identified to provide support on their wellness Journey Sigriposting was also offered to Ihose who needed guidance outside of the HELP programme. In January March 2024 a further 40 sessions covered. yoga, textile art, wellness, craft (all carried on from the previous quarter) with new additions being chair exercise and pain management las identified by Steering Group andlor referral partners as provision needed). Staff conlinued lo develop wellness plans with the engaging participants both individually as well as In a group setting. In March - May 2024. the number of individual sessions increased again to 53 with the new sessions delivered being pharmacy support and additional chair exercise classe5 being held in Ballymoney in the evening lo facilitate a request from Ballymoney Family Practice for a mobility and strength exercise to be held in the town for a group of physiolherapy referred patients living in the area and many of who could only access evening Classes due to other commitmenls Additional sessions were available to project participants through wider CRUN projects lie Women's Group) and these lolalled 46 sessions. The ages of participants referred ranged from. 26 years to 81 years and mel the criteria of those who are experiencing marginalisation due to their health and wellbeing. A lolal of 106 referrals were received with 69 referrals actively engaging with the programme throughout the first year. A Steering Group was established with representatives from referral agencies covering the medical and community referral pathways. The Steering Group have met once a quarter throughout the first year. The initial 5 Communty Wellbeing Ambassadors have now been established and have attended sessions co-designed lo their needs in their new roles A further 4 beneficiarFes are ready lo join this network in Year 2 as per our initial pLgn that anyone wanting to progress after a year can put themselves forward to become an Ambassador, Currently we have had 74 beneficiaries and S volunteers.
Causeway Rural & Urban Network Company Llmited by Guarantee Trustees, Annual Report (Incorporatlng the Director's Report) fconllnue¢ Year ended 31 March 2024 Achlevements and perfomiance (contlnued) Suicide Prevention small grants provide much needed support lo 14 community organisationslgroups and helped over 300 beneficiaries and numerous volunteers providing 250 volunteer hour5 for the groups. Some of the activities included in the grant applications have been for people and communities to connect and socialise again in a safe environment The Community based Suicide Prevention Development Officer's ISPDO} is a joint community resource between CRUN and NACN with the aim of protecting and improving mental health and wellbeing whilst reducing health inequalities. Suicide prevention is a key priority of the CRUNINACN SPDO which requires action across many sectors including working across early years. educalion, health. schools, communities, 5POrts clubs and churches CRUN has also individually worked with many groups offering advice and support on Capacity Buildin9, Partnership Working, Grants Applications. Financial Good practice, Mentoring Support, Charity Commission Applications & Risk Assessment Procedures. which was made more difficult during the pandemic. Fourteen community groups have availed of annual accounts preparation and independent examination as required by the Charity Commission. Financlal revlew The results for the year are contained in the financial statements from page 8. The Network has continued to receive funding from various govemment agencies and funders to support the varied work that they undertake This has been received through various tender and grants processes The reserves of the organisations have been maintained at a constant level to enable It to continue for a short period of lime in the event of them being unable to obtain funding. this also ensures that the Company can meet ils legal redundancy requirements. Plans for future periods Hopefully the pandemic will start to have less of an effect on the population and we will return to a new normal, with groups being able to meet up The trustees will continue to build on what Causeway Rural & Urban Network has established over its 30 years and mainlain ils core values and objectives to ensure the continued development within the communities of the Causeway area and beyond, Small company provlslons This report has been prepared in accordance with the provisions applicable to companies 8ntitled to the small companies exemption.
Causeway Rural & Urban Network Company Llmited by Guarantee Trustees, Annual Report (Incorporatlng the Director's Report) (conllnued) Year ended 31 March 2024 The trustees, annual report was approved on 5 November 2024 and signed on behalf of the board of trustees by: Robert Ritchie Trusloe Albert Clyde Trustee
Causeway Rural & Urban Network Company Limited by Guarantee Independent Examlner's Report to the Trustees of Causeway Rural & Urban Network Year ended 31 March 2024 I report on the financial statements for the year ended 31 March 2024, which comprise the slalement of financial activities (including income and expenditure account). statement of financial position and the related notes Respectlve responslbllities of trustees and examlner The charity's trustees (who are also the directors of the company for the purposes of company lawl are responsible for the preparation of the accounts In accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility lo: examine the accounts under section 65 of the Charities Act- to follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.. and to slate whether particular matters have come to my attention. Basls of Independent examiner's report I have examined your charity accounts as required under section 65 of the Charitie5 Act and my examination was carried out in accordance with the general Directions given by the Charity Commission lor Northern Ireland under section 6519)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records It also included consideration of any unusual Items or disclosures in the accounts, and seeking explanations from the trustees Conrning any such matters. My role Is to stale whether any material matters have come to my attention giving me cause to believe That accounting records were not kept In accordance with section 386 of the Companies Act 2006 That the accounts do not accord wilh those accounting records That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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. That there is further information needed for a proper understanding of the accounts to be reached.
Causeway Rural & Urban Network Company Llmlted by Guarantee Independent Examiner's Report to the Trustees of Causeway Rural & Urban Network (conlInU) Year ended 31 March 2024 Independent examlnerfs Statement I have completed my examination and have no concems in respect of Ihe matters (1} to {4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that requi drawing to your attention. Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a registered member of'named body, which is one of the listed bodies Ix Donaldson & Thompson Chartered Accounlanls Independent Examiner 3 Limavady Road Londonderry BT47 6JU 5 November 2024 10
Causeway Rural & Urban Network Company Limited by Guarantee Statement of Financial Activltles (including income and expenditure account) Year ended 31 March 2024 2024 Reslricled funds Total funds Total funds 2023 Unrestricted funds Noto Income and endowments Charitable activities Investment income 293,607 179,482 473,089 367.432 Total Income 293,609 179,482 473,091 367,437 Expenditure Expenditure on charilable activities Total expenditure 288.202 148,086 436,288 413,094 288,202 148,086 436,288 413,094 Net incomel{expenditure) and net movement in funds 5,407 31.396 36,803 (45,657) Reconciliation of funds Total funds brought forward Total funds carried fOard 66,081 70,525 136,606 182.263 71,488 101.921 173,409 136.606 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 14 to 23 form part oftho80 flnanclal 6tstement8. 11
Causeway Rural & Urban Network Company Limited by Guarantee Statement of Financial Posltlon 31 March 2024 2024 2023 Not• Fixed assets Tangible fixed assets 14 4,581 5,726 Current assèts Debtors Castt at bank and in hand 15 96,459 90,652 56,639 90.041 187,111 146,680 Creditors: amounts falling due wrthln onè year Net current assets 16 18,283 15,800 168,828 130,880 Total assets less current liabilities 173,409 136,606 Net assets 173,409 136,606 Funds of the charlty Restricted funds Unreslricled funds 101,921 71,488 70,525 66,081 Total charily funds 18 173,409 136,806 For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating lo small companies. Directors, responsibilities-. 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.. The directors acknowledge their responsibilitEs for complying wilh 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. The statement of financial position continues on the following page. The notes on pages 14 to 23 fom) pgrt of the80 flnanclal 8taternents. 12
Causeway Rural & Urban Network Company Llmited by Guarantee Statement of Financlal Position (conllnued) 31 March 2024 These financial statements were approved by the board of trustees and authorised for issue on 5 November 2024, and are signed on behalf of the board by.. Robert Ritchie Trustee Albert Clyde Trustee Company registration number: The company is a privale limited company limited by guarantee, registered in Northern Ireland. NIO56878 The notes on pages 14 to 23 forni part of these financlal statements. 13
Causeway Rural & Urban Network Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General informatlon The charity is a public benefit enlily and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland The address of the registered office is 1 Brook Street, Coleraine, BT52 1 PW. Statement of compliance These financial statements have been prepared in compliance viith FRS 102, 'The Financi81 Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Practice applicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 {Charilies SORP (FRS 102)) and the Companies Act 2006. Accountlng pollcles Basis of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and inveslmenl properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Golng concern There are no material uncertainties about the charity's ability lo continué. Judgements and key sources of estlmatlon uncertainty The preparation of the financial slalements requires management to make iudgemenls, estimates and assumptions that affect the amounts reported These estimates and judgement5 are continually reviewed and are based on experience and other factors. including expectations of future events that are believed lo be reasonable under the circumstances. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unreslricled funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected lo reslriclions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub<lasses'. restricted income funds or endowment funds. 14
Causeway Rural & Urban Network Company Limited by Guarantee Notes to the Flnancial Statements (continued) Year ended 31 March 2024 Accounting policies (conllnued) Incomlng resources All incoming resources are Included In the statement of financial activities when enlitlemenl 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: 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 legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical lo measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facililies and seNices are recognised in the accounts when received if the value can be reliably measured No amounts are included for the contribution of general volunteers. income from contracts for the supply of serrfices 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 il 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 th8 statement of financial activities to which il relates: expenditure on raising funds includes the costs of all fundraising activities, events, non-ch8ritable trading activities, and the Sa of donated goods. expenditure on charitable activilies 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. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All cost5 are allocated to expenditure categories reflecting the use of the resource Direct costs allribulable to a single activity are allocated directly to that activity Shared costs are apportioned between the activities they contribute to on a reasonable, iuslifiable and consistent basis 15
Causeway Rural & Urban Network Company Limited by Guarantee Notes to the Financial Statements fconl1nd) Year ended 31 March 2024 AGGounting pollcles (¢ontlnu•d) Tangible assets Tangible assets are Initially recorded al cost. and subsequently staled at C05t less any accumulated depreciation and impaimienl losses, Any tangible assets carried at revalued amounts are recorded at the fair value al the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impainnenl that has previously been recognised as expenditure within the statemenl of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the slatement of financial activities. Depreclation 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.. Fixtures, fittings & equipment 200kn reducing balance Impalrment of flxed assets A review for indicators of impairment is carried out at each feporting date, wtth the recoverable amount being estimated where such Indicators exist. Vthere the carrying value exceeds the recoverable amount. the asset is impaired accordingly Prior impaimients are also reviewed for possible reversal at each reporting dale. For Ihe purposes of impairment lesling, 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 lo 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 goWIll acquired in a business combination is, from the acquisition dale. allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination. IrSpectIve of whether other assets or liabilities of the charity are assigned to those units. 16
Causeway Rural & Urban Network Company Limited by Guarantee Notes to the Financlal Statements (¢ontlnuod) Year ended 31 March 2024 Accountlng policies (eontlnuo Financlal Instwments A financial asset or a financial liability is recognised only when the entity 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, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the futvre payments discounted at a market rate of nterest for a similar debt Instrument. 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. Deflned contribution plans 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 Llmiled by guarantee Causeway Rural & Urban NetVrk is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contnbule such amount as may be required not exceeding £1 to the assets of the charitable company in the event of ils being wound up while he or she is a member, or within one year after he or she ceases to be a member. 17
Causeway Rural & Urban Network Company Limited by Guarantee Notes to the Financial Statements (confrnuedj Year ended 31 March 2024 Charitable activities Unreslricied Funds Restricted Total Funds Funds 2024 Grant5 Receivable-Dfc Grants Receivable -Fresh Start Grants Receivable-PHA Small Grants Grant5 Receivable.Radius Housing Grants Receivable-NACCN Grants Receivable-IFI-PYDP Grants Receivable- Various Funders Grants Receivable-CDH Grants Receivable-BB Health Forum Income from Charitable activities Grants Receivable-The National Lottery Community Fund Grants Raceivable-TEO Good Relations Step Grants Receivable-Heallhy Living Centre Alliance Ltd Grants Receivable-TEO Shared Threads Grants Receivable-Northern Healthy Lifestyle Partnership Grants Receivable-causeway CYPSP Grants Receivable-The National Lottery HELP Grants Fieceivable - Oak Housing & Homelessness Innovation & Voice Fund Grants Receivable-PHA-Menopause Grant 67.347 67,654 10,762 67,347 67,654 10,762 87,681 2,640 9,600 87,681 2,640 9,600 3,334 3,334 105,999 105,999 5,000 16,165 6,000 16,165 73,483 73,483 20.000 3,424 20,000 3,424 293.607 179,482 473,089
Causeway Rural & Urban Network Company Limited by Guarantee Notes to the Financial Statemants {conllnued) Year ended 31 March 2024 Charltable activities (contlnupdj Unrestricted Funds Reslricted Total Funds Funds 2023 Grants Receivable-Dfc Grants Receivable -Fresh Start Grants Receivable-PHA Small Grants Grants Receivable Radius Housing Grant5 Receivable-NACCN Grants Receivable-IFI-PYDP Grants Receivable- Various Funders Grants Receivable-CDH Grants Receivable-BB Health Forum Income from Charitable activities Grants Receivable-The National Lottery Community Fund Grants Receivable-TEO Good Relations Slep Grants Receivable-Healthy Living Cenlre Alliance Ltd Grants Receivable-TEO Shared Threads Grants Receivable-Northern Healthy Lifestyle Partnership Grants Receivable-causeway CYPSP Grants Receivable-The National Lottery HELP Grants Receivable - Oak Housing & Homelessness Innovation & Voice Fund Grants Receivable-PHA-Menopause Grant 71.737 71,737 10,894 2,500 1,575 87,151 10,894 2,500 1,575 87,151 3,000 29,189 6,370 3,000 29,189 6,370 123,583 123,583 27.164 27.164 3,860 400 3,860 400 243,849 123,583 367,432 Investment Incom8 Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 19
Causeway Rural & Urban Network Company Limited by Guarantee Notes to the Financial Statements (c¢>ntinuedJ Year ended 31 March 2024 Expenditure on charitable actlvltles by fund typo Unreslricled Funds Restricted Total Funds Funds 2024 Communrty projects Personal Youth Developmenl programme Support costs 235,974 47,898 4,330 143,891 379,867 47,898 ,523 436,288 4,195 288.202 148,086 Unreslricled Funds Restricted Total Funds Funds 2023 Community project5 Personal Youth Development programme Support costs 254,577 53,915 4,121 99,435 354,008 53,915 5.171 1,046 312,613 100,481 413,094 Expenditure on charftable actlvltles by activity type Activities undertaken directly Support Total funds costs 2024 Total fund 2023 Community projects Personal Youth Development programme Governance costs 379,887 4.186 384,053 355,666 47,898 47.898 4,337 53,915 3,513 4,337 427,765 8,523 436,288 413,094 Analysis of support Gosts Community projects Total 2024 Total 2023 General office Finance costs Governance costs 3,839 147 4,339 3,839 147 4,339 1,509 149 3,513 8,325 8,325 5,171 20
Causeway Rural & Urban Network Company Llmited by Guarantee Notes to the Financial Statements (conllnu•d) Year ended 31 March 2024 10. Net Incomellexpenditure Net incomellexpenditure) is stated after chargingl(crediting). 2024 2023 Depreciation of tangible fixed assets 1,145 1,431 11. Independent examination fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 560 560 12. Staff costs The total staff Costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries Social security costs Employer contribulions to pension plans Other employee benefrts 240,926 17,522 11,774 1,562 249,774 19,215 12,214 1,856 271,784 283,059 The average head count of employees during the year was 8 {2023'. 10) The average number of full-time equivalent employees during the year is analysed as follows 2023 2024 No. Number of staff 10 No employee received employee benefits of more than £60.000 dunng the year (2023 Nil). Key Management Personnel Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity The total compensation paid to key management personnel for services provided to the charity was £42,403 (2023.£42,1781 13. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees No trustee expenses have been incurred. 21
Causeway Rural & Urban Network Company Limited by Guarantee Notes to the Financial Statements (¢ontlnuod) Year ended 31 March 2024 14. Tanglble fixed assets Fixtures and fittings Total Cost At 1 Apr 2023 and 31 Mar 2024 Depreciation At 1 Apr 2023 Charge for the year At 31 Mar 2024 21,051 21,051 15,325 1,145 16,470 15,325 1,145 16,470 Carrylng amount At 31 Mar 2024 4,581 4,581 At 31 Mar 2023 5,726 5,726 16. Debtors 2024 2023 Prepayments and accrued income Other debtors 38,724 57,735 96,459 10,797 45,842 56,639 16. Credltors: amounts falling duo wlthln one year 2024 2023 Accruals and deferred income 18,283 15,800 17. Pensions and other post retlrement benefits Deflned contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £11,774 (2023.. £12,214). 22
Causeway Rural & Urban Network Company Limlted by Guarantee Notes to the Financial Statements (conllnued) Year ended 31 March 2024 18. Analysls of charltable funds Unrestricted funds At 1 Apr 2023 At Income Expenditure 31 Mar 2024 General funds 66,081 293,609 (288,202) 71,488 At 1 Apr 2022 At Income Expenditure 31 Mar 2023 General funds 134,840 243.854 (312,613} 66,081 Restricted funds At 1 Apr 2023 At Income Expenditure 31 Mar 2024 Restricted Funds 70,525 179,482 (148,086) 101,921 At 1 Apr 2022 At Income Expenditure 31 Mar 2023 Restricted Funds 47,423 123,583 (100,4811 70,525 19. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 2.354 86.666 (17,532> 71.488 2,227 100,444 (750) 101,921 4,681 187,110 118,282) 173,409 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 2,942 77,460 (14.321) 66,081 2,784 69,220 {1,479} 70.525 5,726 146,680 (15,800) 136,606 23