COMPANY REGISTRATION NUMBER.. N1056878 CHARITY REGISTRATION NUMBER: NIC104883 Causeway Rural & Urban Network Company Limited by Guarantee Unaudited Financial Statements 31 March 2025 DONALDSON & THOMPSON Chartered Accountants 3 Limavady Road Londonderry BT47 6JU
Causeway Rural & Urban Network Company Llmlted by Guarantoe Flnanclal Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the directorfs report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) 11 Statement of financial position 12 Notes to the financial statements 14
Causeway Rural & Urban Network Company Llmlted by Guarantee Trustees, Annual Report (Incorporatlng the Dlractos Report) Year ended 31 March 2025 Th8 trustees, who are also the directors for the purposes of company law, present thelr report and the unaudlted flnanclal statements of the charlty for tha year ended 31 March 2025. Referencè and admlnl8tratlvo d•t•lls R6glstered charlty name Causeway Rural & Urban Network Charlty reglstratlon number NIC104883 Company rgglstrallon number N1056878 Prlnclpal offlce and reg18terod 1 Brook Street offlce Coleraine 8T52 1 PW The trustaes Thomas Anthony McGonigle Robert Ritchie Angela Welch Albert Clyde Indu Jairath Dorothy Moore Anthony McGarvey Patrick Crothers Stephanie Quigley Evan ReSd (Retired 24 Jun8 2025) (Appolnted 1 April 2025) (Appoint8d 1 Apdl 2025) Notwork Manager Ann McNickle Company Socretary Robert Ritchie Independent •xamlner Donaldson & Thompson Chartered Accountants 3 Limavady Road Londond8rry BT47 6JU structure, governance and managomont The organlsatlon Is a ch8ritable company limited by guaranlae, incorporated on 17th October 2005, acceptad as a charty by HM Revenue & Customs under reference number XR44321 and reglstered with the Charity Commission for Northern Ireland on 1st Aprll 2016 under chartty number NIC104883. The company was eslabllshed under a Memorandum of Assoclatlon which states the objects and powers of the charitable company and Is governed under its Articles of Assoclatlon. In the event of the company being wound up members are requlred lo contrlbute an amount not exc88dlng £1.
Causeway Rural & Urban Network Company Llmlted by Guarante8 Trustee8' Annual Report (Incorporatlng tha Dlrector's Report) (contlnu Year ended 31 March 2025 ObJectlv•8 and actlvltl08 The charitable purpose of the company Is: The advancement of community dev81opmenl In Northem Ireland {the "area of benefit.) and in particular the promotlon of the community and voluntary Sector for the benefit by provldlng services, training, support, information. facilltles and amenities to community and volunlary groups and encouraglng and a88lsting such groups and organisations to CO-op8rat8 to achleve thelr alms. (1) To develop th8 capaclty and sklll of resldents of communities in the area of beneflt that suffer social and economic disadvantage. in such a way that they are betler able to identify, and help meet their needs and partlcipate more fully in society. (2) The advancement of health and we114)eing. (3) To promote good community relations, religious and racial harmony and equality and diversity. (4) To promote such other charitable purposes as may from time to time be determined. CRUN was established in Septemb8r 1999 as a network of local community and voluntary groups with the alm of enabling regeneration and encouraging sustainability In local communities through community development processes. The neiwork has worked tirelessly since it was established and currently has a database of over 240 organisalions with more coming for*vard every year. Many changes have taken place over the years and CRUN currently Implements a range of training and mentoring programmes in Communlty Dev8lopmant. Good Relations, Substance Mlsuse Educatlon and Prevention and Posilive Mental Hgalth and encourages an ethos of collaborative working and sustalnabllily to all of Ils rnembers. Programmes and projects are dellvered based on evldence and identified need within the Causeway Coasl and Glen's aa. The charlty's trustaes have had r8gard to the Charlty Commlsslon for Northem Ireland's guldance on publlc beneflt. Achlevements and perfomianc• CRUN has malnta5n8d a level of funded projects to enable the organi5ation to contlnue to support the community within the Causeway area. We have adapted our way of working, since the global pandemlc and now have a hybrid way of connecting and also engaging with individuals and communFty groups In the area. However. more groups and participants are wantlng to return to 'ln person, events. The contlnued support from the Department of Communltles has enabled CRUN to retain its core staff lo oversee the Cufrenl projects, as listed below, and apply for further funding to 'Empower People Develop Communit18s Enable Change, Durlng 2024125 the projects have adapted and contlnued to excel within the communltles that th8y support. During the last 12 months the Youth Emp0vrment And ResSllence (YEAR) Project has finished this had been funded by the Natlonal Lottery since 2013.
Causeway Rural & Urban Network Company Llmlted by Guarantee Trusteas. Annual Report (Incorporatlng tha Dlrector's Report) (contlnuad) Year ended 31 March 2025 Achlovemonts and porformance l¢ontlnu•d) The YEAR Prolect, funded by National Lottery Communlty Fund h88 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 signing up since September 2023. all young people experiencing low self esteem and confidence, anxlety, Isolation and loneliness. All young people now comlng are also deallng wlth autism andlor ADHD andlor other leamlng dlffl¢ultles such as dysl8xia, dyspraxla, dyscalculia, however overall contact posltive and regular for most young peopla. Youth Lod Group Actlvitl88 O Non Screen gaming spaces as some of the young people had reported wanting to g8t off screens - th58 created space for group chats and space lo get to know each other and the staff and volunteer. Character design and campaigns - thi5 built personal development. confidence and leamwork O Creative Spaces Talks on blacksmithing, h8rbal rernedles, the Now Group and a new youth project starting soon {Brian from CAN), Vinyl cutting and t-shirl printing. 3d model printing and painting O Young People, Housing and Hidden Homelessness InteractlV8 Training Events O Study Spaces lo support young people with journalling, budgetlng, CV buildlng and jobltraining course searches • Unaccredited Training O Herbal remedies, mixed media art and design, glass art and copper folling One to one support O As and when requested by young people, most support given through group work sessions 2-3hrs. 4-7 8es8ion8 per week. Fareshare Project O In response to an Identified ne8d of 8eNlc8 user8 we have continued the Fareshare Project In place with a focus on reducing food waste to remove sllgma of young people using a food bank. Fareshare supports approxlmately 15-30 people p8r w88k. Partnershlps & Communlty activities O Supporting loneliness and Isolation research carried out by Noel Wilson through network through University of Ulster, asslsted Noel wlth presentations throughout th8 Young People Housing and Hidden Homelessness Interactive Training sessions. O To support Ilfestyl6, social and economic independence and incluslon for young p80pI8 Ilaising wilh O Llnks Counselllng O Jobs & Benefits O NRC O University of Ulster O N.1. Anti-Poverty Network Referrals and Signposting Links Counselling, BRAKE, Trlangle Housing. Jobs & Benafits, NRC Throughout the project cycle over 150 people have had direct contact llth YEAR
Causeway Rural & Urban Network Company Llmlted by Guarantee Trustees, Annual Report (Incorporatlng the Dlrectorfs Report) (condnuedj Year ended 31 March 2025 Achlevoment8 and perfornianco (¢ondnu•d) The Fareshare scheme has continued to be a great asset lo many young people and their support networks. Th8 scheme has allowed YEAR to support young people and their families during the cost-of-living crisis. Everything from weekly food packages to ensuring young families had enough over Chrlstmas to be able to afford heat, electricity, presents for children and food instead of having to choose between prasents and food. Parenls of young people are supported through th8 Fareshare schem8 whlch decreases the amount of stress in the famlly home making home life more manag8abl8 for both the young people and their support networks. 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 ProjeGt has worked directly wlth 19 young people slnce 1 April 2021. W8 have been able to offer a variety of support to the participants who ar8 engaging includlng.. small group training sessions, 1.1 training sessions, group activily sesslons and fortnighuy 1.1 goal setting I revlew Sesslons. Group Training Sessions Groups s8sslons have offared the participants an opportunlty to interact wlth peers and to develop their skills and qualificatlons 1.1 Training sessions - 1.1 ses8lons have been provided to participants who feel unable to engage in group sessions. Group Actlvity Sessions This quarter group aclNity sessions have included weekly gym 8esslon$, cookery and community project development. Team Bulldlng Actlvlty We have offered a range of t8am bulldlng activilies this quarter which have Included The Chocolate Factory and the Clnema. 1..1 Support Sessions These sesslons are completed on a fortnightty basis and take place In local coffee shops, walks on the beach. A n8w fund8d BRAKE project stated on 1 Jan 25 and will run for 12 months, they will engage 15 young people and already have these recwlled. The Fresh Start programme fundad through Department for Communities 66 women regularly attending across three sites, Ballysally, Killowen and Central Coleralne. All women are recruited from areas of high deprivation and there Is evldence of p8ramilitary behaviour or community tension. All three areas have low numbers of women in community leadership roles. All th8 women in the group have linked their volunteering projects to soclal action. In Ballysally it is about the reduction of household debt and increasing the skills base of their membership through organlslng community events wh8re food poverty is at the fore of the agenda. Volunteers In Ihe group organised two successful Christmas and Easter Events wlth 400 people attending. Volunteers from the group prepared and served refreshments. dressed up as Mrs Santa and Elves, organised fundralslng stalls including a Tombola and Raffle and conducted the event risk assessments, Ilaised wilh suppliers and facilitators of events and the local council for the necessary pemiissions to hold th8 event. Killowen have focused on Ihe environment and green health, as In thelr area, few houses have gardens as they are laid out in terraces. Women hav8 been volunteering in thair communlty garden and are also organlslng soclal and lelsure actlvitigs for local pensloners Including Bingo and a Be8t18 Drlve. This has involved rlsk ass6ssment8. collecting prizes, advertising the events and organlslng
Causeway Rural & Urban Network Company Llmlted by Guarantse Trustea8' Annual Report {Incorporatlng the Dlrectorfs Report) (contlnu•dJ Year onded 31 March 2025 Achlevements and porforniance (¢ontlnu•dJ and volunteerlng al the 8vent8. This has built confidence in the group's ablllty to contlnue and sustaln the progress they have developed so far. The Coleraine Group have be8n honing their craftlng ski118, organised and delivered workshops to members of the community to build up their facilitation and leadershlp skSlls. The group compleled risk assessments, organised refreshments, advertised the sessions and organised and dellvered them. They wlll continue to build on the work they hav8 dellvered to date. Community capacity bullding has been built on the women completing a serles of tasks Including achieving first aid and food hygiene certificales, leamlng how to organise an event, completin9 all of the safety protocols and advertising the event which then involves social media and digitsl skills. This type of action-based learnlng has resulted in a real level of confidence having been developed and skills embedded in the local community. Good Relations Workshops took place with all thr88 groups with a focus on heritage and how impacts In Ihe 20th Century continue to impact us today. We examlned the hlstory of Coleraine in terms of its formation as part of the plantation and how It has been Impacted geographically as it straddles east and west of the Rlver Bann. We organised two study vlslts to Crumlin Road Gaol and the Titanic Centr8 in Belfast and organlsed heritage walks with local volunteers to study the hlstory and development of of the town. Programme participants also looked at their own history including how the decade of centenaries impact their own families. Money matters workshops were a key element of the programme as vulnerablllty to debt can leave women and families vulnerable to moneylenders and debt collection. We examined the connectlon between emotional state and impulsive financial behaviours and learned how to budget for household expenses and seasonal activities like Christmas.
Causeway Rural & Urban Network Company Llmlted by Guarantee Trust888' Annual Report (Incorporatlng th8 Dlrectorfs Report) (CondnU) Yaar ended 31 March 2025 Achlevomonts and performanco (condnu•dJ In August 23 we started the HELP Project which is funded by the National Lottery Communlty Fund, wilh initial projecl set up conceptual meetings, establishing referral partners and referral pathways, fOard planninglconsultations, adverllslnbrandjng. Programmes were open for referrals in late Septemb8r and classes were rolled out from October 2023. In 2024 to 2025 we have contlnued to develop the programme, beneficiarles and local relationships. We have developed a programme of actlvltles Includlng yoga, chair exercise, creatlve wrltlng, ¢raftlng, painting, t8Xti18 art, soclal cholr, knitting and crochet. We also delivered goal setting. life coaching, paln management, and personal development programmes. We had a programme of walks which we are further developing In year threa. Our condllion management programrne included altematlve therapies, nutrition, nature and well-being, mindfulness, sleep hyglene and breath workshops. Each quarter we developed and d81ivered a new and varied programrne wlth more gmphasls on building soclal connectlon, increasing skills and building so¢lal 8sleem. We started a social choir as this is a great outlet for expresslng emotion and creating fellowship. We have also organised more social activltles including walks and small social occaslons. Durlng thls tlme personal plans were formulated wlth engaglng partlcipants and tailored opportunltles identified to provide support on thelr wellness joumey. Signposting was al80 offered to those who n8eded guidance outside of the HELP programme. staff contlnued to develop wellness plans wlth the engaglng partlclpants both indlvldually as well as In a group settlng. Community Wellbeing Ambassadors have been able to use their experlénce to shape the path of the programm6s. They have drawn on personal experlence. having been in a simllar posltlon themselve8. Their knowledge of - the barrlers to engage has been beneflclal Sn attracting and retalning a good number of participants In Y8ar 1 and Year 2 and we wlll continue to develop thls In Year 3. steering Group - the Steering Group are heavlly Involved and feed in what gaps In service they see when trylng to place patients into relevant supports within a community setting. There are plans In Year 3 is to bulld on the servlce we have been offering in Bushmllls and to expand to other areas. Participants who have engaged wlth the programme are encouraged to feedback and their one to ones at the achievement of each milestone. This year we are adding furlher nutritlon and wellness element to our programme Including guest speakers who wlll focus on paln managam8nt, sla8p, neuro plasticity, Ilfe coaching and goal settlng. A total of 141 beneficiaries have taken part In the project to dale.
Causeway Rural & Urban Network Company Llmlted by Guarantoè Trustees. Annual Report (Incorporatlng th8 Dlrectorfs Report) (contlnu Year ended 31 March 2025 Achlevoments and perfornianco (conllnu•dJ Sulclde Preventionlmental Health Cornmunlty D8velopment Support small grants provlded much needed support to 10 community organisationslgroups and helped over 200 beneficiaries and numerous volunt88rs. Some of the activities included in the grant appllcallons have been for people and communities to connect and sociali5e agaln In a safe 8nvironment. The Community based Sulclde Prevention Development Officerfs (SPDO) is a joint community resource between CRUN and NACN wlth the alm of protectSng and Improvlng mental health and wellbeing whllst reduclng health inequalities. Sulcide prevention is a key priority of the CRUNINACN SPDO which requires action acros5 many sectors includlng worklng across eady years, education, heallh, schools. communities, sports clubs and chuhe$. CRUN has also Indlvldually worked with many groups offerlng advlce and support on Capaclty Building, Partnership Working, Granls Applications. Financial Good practice, Mentoring Support, Charlty Commlsslon Applications & Risk Assessment Procedures, which was made more difficult during the pandemlc. Fourteen community groups have availed of annual accounts preparation and Independent examination as required by the Charlty Commission. Flnanclal revlew The results for the yaar ar8 contained in the Ilnancial statements from page 8. The Netsvork has contlnued to recelve funding from various government agencles and funders to support the variad work that they undertake. Thls has been recelv8d through various tender and grants processes. The reserves of the organisations have reduced durfng the year but will be increased agaln durlng 2025128. This is due to 3 new funding streams starting in the early part of the financial year, thus ensuring that the Cornpany can meet Its legal redundancy quIrements. Plans for future perlods The trustees will continue to build on what Causeway Rural & Urban Network has established over Its 30 years and malntaln Its core values and objectives to ensur8 the continued development within the communlties of the Causeway area and beyond. They will review the curr8nt strateglc and op6rallonal plans over the coming 12 months. Small company provlslon8 This report has bean prepared In accordance with the provisions applicable to companies entitled lo lh8 small companies exemption.
Causeway Rural & Urban Network Company Llmlt•d by Guarantee Trust888' Annual Report (Incorporatlng the Dlractorfs Report) (¢ontlnu•dJ Year and8d 31 March 2025 The trust8es' annual report was approved on 7 October 2025 and slgned on behalf of the board of trustees by.. Thomas Antho Trustee MCG Robert Rltchle Trust88 44•L£e-/<
Causeway Rural & Urban Network Company Llmlted by Guarantee Independent Examlnerfs Report to the Trustees of Causeway Rural & Urban Network Year ended 31 March 2025 I report on the financial statements for the year ended 31 March 2025, whlch comprise the stalement of financlal activilies (including income and expenditure account). statement of financial position and the related notes. Rospectlve rospon8lbllltl•s of tru8toe8 and examlner The charity's trustees (who are also the dlrectors of the company for the purposes of company law) are responslble for the pr8paratlon of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfi8d myself that the charity is not subject to audlt undgr company law, and Is ellglble for Independent examination, itls my responslblllty to: examine the accounts under section 65 of the Charities Act; to follow th8 procedures lald down in the general Directions glven by the Charfty Commission for Northern Ir8land under section 65{9)(b) of the Charltles Act: and to Slate whether particular rnatters have come to my attention. Basls of Indopendgnt gxamln•fs report I have examined your charity accounts as required under section 65 of the Charlties Act and my examination was carried out in accordance wilh the general Directions given by the Charity Commlssion for Northem Ireland under section 65{9){b) of the Charities Act. The examination included a reviaw of the accountlng records kept by the charity and a comparlson of the accounts presenled wlth those records. It also included consideratlon of any unusual items or dlsclosur88 In the accounts. and seeklng explanattons from the trustees concerning any such matters. My role is to stale whether any materral rnatters have come to my attentbn giving me cause to believe: That accounting records w8re not kept Sn accordance with section 386 of the Companles Act 2006 That the accounts do not accord wlth those accountlng récords That the accounts do not comply wlth the accounting requirements of sectlon 396 of the Companies Act 2006 and with the methods and prlnclples of the Chariti88 Stat8m8nt of Recommended Pracllce applicable to charities prepadng 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 ba reached,
Causeway Rural & Urban Network Company Llmltéd by Guarantee Independent Examlnerfs Report to the Trustees of Causeway Rural & Urban Network (conllnu•dJ Year ended 31 March 2025 Indapendent examlnorf8 Statement I hav8 completed my examinatlon and have no concoms In respect of th8 matt8r8 (1) to {4) Ilsted abov6 and. In connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that requlre drawlng to your attention. Since your charity's gross Income exceeded £250.000 your examiner must be a member of a listed body. I can conf]rm that l am qualified to undertako the 8xamlnatlon because l am a registered member of 'named body, whlch Is on8 of Ihe118ted bodies. Donaldson & Thompson Chartered Accountants Independent Examiner 3 Llmavady Road Londonderry BT47 6JU 7 October 2025 10
Causeway Rural & Urban Network Company Llmlted by Guarantee Statement of Flnanclal Actlvities (Including income and expendlture account) Year ended 31 March 2025 2025 Restricted funds Total fund8 Total funds 2024 Unreslrlcted funds Not• Income and endowmen18 Charitable activitie5 Inveslment Income 236,003 97,786 333,789 473,089 Total Income 236,007 97,786 333.793 473,091 Expondlturo Expenditure on charitable activitles Total expendltur• 277.464 133,490 410,954 436,288 277,464 133,490 410,954 436,288 Not (expendlture)Ilncome and net movement In funds (41,457) {35,704) (77,161) 36,803 Roconclllatlon of funds Total funds brought forfiiard Total funds carried forward 71,488 101.921 173,409 136,606 30,031 66,217 96,248 173,409 The statement of financial activities includes all galns and losses recognlsed In the year. All Income and expendlture derlve from continuing a¢tiviti8S. Tho note• on page• 14 to 22 forni part of theso flnan¢l418tataments. 11
Causeway Rural & Urban Network Company Llmlted by Guarantee Statement of Flnanclal Posltlon 31 March 2025 2025 2024 Not• Flxed assets Tangible fixed asset8 14 4,353 4,581 Current asgets Debtors Cash at bank and In hand 15 58,438 48,796 96.459 90,652 107,234 187,111 Crndltors: amounts falllng duo wlthln one year Net current assets 16 15,339 18,283 91,895 96,248 96,248 168,828 Total assets le88 current Ilabllltles 173,409 173,409 Not a88ets Funds ol th• charlty Restricted fund5 Unreslrlcted funds 66,217 30,031 101,921 71,488 Total Gharlty funds 18 96,248 173,409 For the year ending 31 March 2025 the charlly was entitled to exemption from audlt under section 477 of the Companles Acl 2006 relating to small companies. Directors, r8sponslbllltle8'. The members have nol required the company to obtain an audit of Its financSal statements for the year in question in accordanGe with sectlon 476: The dlrectors acknowledge their responslbllltles for complying with the r8qulr8m8nts of the Act with respect to accountlng records and the preparation of financlal siatemonts. These financial statements have been prepared in accordance wlth the provisions applicable to companle8 subject to the small compani8s' reglme, The statement of financial position continues on the following page. Tho nots• on pages 14 to 22 form part of these flnanclal stat•monts. 12
Causeway Rural & Urban Network Company Llmlted by Guaranto• Statement of Flnanclal Posltlon (¢onthu•d) 31 March 2025 Thas8 flnanclal statoments were approved by the board of trustees and authorlsed for Issue on 7 October 2025. and are slgned on behalf of the board by: Thomas Anthon Trustee McGonigl Robert Rltchle Trustee Company reglslratlon nurn er. N1056878 Th8 company Is a prlvate Ilmited company limited by guarantee, reglstered In Northem Ireland. The note8 on pago• 14 to 22 ft+rni part of th080 flnanclal stalements. 13
Causeway Rural & Urban Network Company Llmlted by Guaranteè Notes to the Flnanclal Statements Year ended 31 March 2025 Gonoral Infomlatlon The charity is a public benefrt entity and a prSvate company limited by guarantee, reglstered In Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 1 Brook Street, Coleralne. BT52 1 PW. Statement of compllanco These flnanclal statements have been pr8par8d In compllance with FRS 102, 'The Flnanclal Reporting Standard applicable in the UK and Ihe Republic of Ireland,, the Statemenl of Recommended Practice applicable to charilies preparlng their accounts in accordance wlth Ihe Financial Reporting Standard applicable in the UK and R8publlc of Ireland (FRS 102) (Charities SORP {FRS 102)) and the Companies Acl 2IXI6. Accountlng pollclos Ba818 of preparatlon The financlal statements have been prepared on the histortcal cost basls, as modified by the revaluation of certain financial assets and liabilities and investment propertles measured at fair Value through Income or expenditure. The financial statemenis are prepared in sterfing. which is the functlonal currency of the entity. Golng concorn There are no material uncertainiles about the charity's ability to contlnue. Judgoments and kay sources of estlmatlon uncertalnty The preparation of the financial statements requires management lo make ludgem8nt8, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are beli8V8d to be reasonable under the circumstances. Fund accountlng Unrestrlcled funds are available for use at the discretlon of the trustees to further any of the charitrfs purpos8S. Designated funds are unrestricted funds earmarked by the truste88 for partlcular future project or commitment, Restricted funds are subjected to restrictions on thelr expendlture declared by the donor or through the terms of an appeal, and fall into one of two sub-dasses: restricted income funds or endowment funds. 14
Causeway Rural & Urban Network Company Llmlted by Guarantee Notes to the Flnanclal Statements {¢ontlnu8dJ Year ended 31 March 2025 Accountlng pollcle8 (¢onllnu•d) Incomlng rnsourco8 All incoming resources ar8 Induded In the statement of financial activtties when enlltlement has passed lo the charity; it 15 probable that the economlc 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 donatlons or grants Is r8cognlsed whan there Is evldenGe of entitlement to the glft, r8CaiPt is probable and Its amount can be measured reliably. legacy Incorne Is recognised when recelpl Is probable and entitlement Is established. income from donated goods Is measured at the fair value of the goods unless this is impracllcal to measure reliably, in which case the value Is derlved from the cost to the donor or the estimated resale value. Donated faclllties and seniices are recognlsed In the accounts when received if the valu8 can be rellably measured. No amounts are Included for the contrlbutlon of general volunteers. income from contracts for the Supply of services is recognised wlth the dellvery of the contracted service. This Is classified as unrestrlcted funds unless there is a contractual requirem8nl for It to be Spent on a particular purpos8 and r8tumad if unspent, in which case It may be r&gard8d as restricted. Resources expended Expendlture Is recognised on an accruals basls as a liabllity is incurred. Expenditure Includes any VAT whlch cannot be fully recovered, and is classified under headings of the statement of financial activities to which It relates.. expenditure on raising funds Includes the costs of all fundraising activities, 8vents, non-charltable trading activities, and th8 sale of donated goods. expendlture on ¢harltable activlties includes all costs Sncurred by a charty in undertaking activit188 that further Its charflable aims for the benefit of it5 beneficlarles, Includlng those support costs and costs relating to the govemance of the charity apporlioned to charitable activitles. other expenditure In¢lud8s all expenditure that Is neither related to ralslng funds for tha charity nor part of ils expenditure on charltable acts'vlties. All costs are allocated to expenditure categories reflecting Ihe use of the resource. Direct costs attribulable to a slngle actlvlty are allocaled directly to that activlty. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basls. Tanglble 058ots Tanglble assets are Inltially recorded at cost, and subsequently stated at cost less any accumulated depreclatlon and impairment losses. Any tanglble assets carrled at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreclalion and subsequ8nt accumulated Impairment losses. 15
Causeway Rural & Urban Network Company Llmlted by Guarantee Notes to the Flnanclal Statemonts (¢onllnu•d) Yoar endad 31 March 2025 Accountlng pollclos (eondnu•d) Tanglble a880ts (contlnu•d) An incr@as8 In the carylng amount of an asset as a result of a revaluatlon. is recognised in othar recognised gain5 and105ses, unless11 reverses a charge for impairment that has previously been recognlsed as expenditure within the statement of financlal activities. A decrease in the carrylng amount of an asset as a result of revaluation, is recognised In other recognlsed gains and losses, except lo which it offsets any previous revaluatlon gain, in which case the loss Is shown withln other recognised galns and lossos on the statement of financial actlvities. Dopreclatlon Depreclation is calculated so as to wrlte off the ¢o$t or valuation of an asset, less Its r8sldual value, over the useful e¢onomlc Ilfe of that asset as follows: Fixtures, fittings & equlpment 20% reducing balance Impalmient of flxed a8set8 A revlew for Indicators of impairment Is carrled out at each reporting dale, wlth th8 recoverable amount belng estlmated where such indicators exlst. Wh6r8 the carying value exc8@ds the recoverable amount, the asset is Impalred accordingly. Prior irnpairments are also reviewed for possible reversal at each reporting dale. For the purposes of impairment testlng, when It Ss not possible to estlmat8 the recoverabl8 amount of an Indlvldual asset, an estimat& Is made of the recoverable amount of the cash-generating unm to which the asset belongs. The cash-generatlng unlt Is the smallest idenllfiable 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 impairmant testing of goodwill, the goodwill acquired in a buslness combination is, from the acqulslllon date, allocated to each of the cash-generatlng unlts that are exp8Ct8d to benefit from the synergles of the comblnalion, irrespective of whether other assets or liabilit196 of the charlty are assigned to those unSt8. Flnanclal Instruments A flnanclal assel or a financial Ilabllity Is recognised only when the entity becomes a party to tho contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount recelvable or payable including any related transaction costs. unless Ihe arrangement constitutes a financing transacllon. where it is recognised at the present value of the future payments discounted at a market ratg of interest for a similar debt Instrument. Current assets and current Ilabllllles are subsequently measured at Ihe cash or other conslderatlon expected to be paid or received and not dlscounted. Debt Instruments are subsequently measur8d at amortlsed cost.
Causeway Rural & Urban Network Company Llmlted by Guarant•e Not06 to the Flnanclal Statements (¢onllnu•d) Year ended 31 March 2025 Accountlng pollcl08 (¢ondnuodJ Doflnod contrlbutlon plans Contributions lo defined contrlbution plans are recognised as an expense In the perlod In whlch the relaled service is provided. Prepaid contributions are recognised as an ass8t to th8 8Xt8nt that the prepayment wlll lead to a reduction in futu payments or a cash refund. When contributlons are not èxpected to be settled wholly within 12 months of the end of the reporting dale In which the employees render the relaled servlce, the liability is measured on a discounted present value basls. The unwlndlng of the discount is recognised as an expense in the perlod In whlch it arises, Llmltod by guarantee Causeway Rural & Urt)an Network Is a company limited by guarantee and accordingly does not have a share capital. Every member of the cornpany undertakes lo conlrlbute such amount as may b8 required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member, Charltable a¢tlvltles Unrestricted Funds Restricted Total Funds Funds 2025 Grants ReceSvable-Dfc Grants Receivable -Fresh Slart Grants Receivable-PHA Small Granls Grants Recelvable-IFI-PYDP Grants Receivable- Various Funders Grants Receivable-CDH Income from Charitsble activities Grants Recelvabl8-The National Lottery Community Fund Grants Recelvable-Healthy Llvlng Centre Ailiance Ltd Grants Receivable-TEO Shared Threads Grants Receivable-The National Lottery HELP Grants Receivable - Oak Housing & Homelessness Innovation & Voice Fund Grants Recaivable-PHA-Menopause Grant Grants Recelvable -Better Days 73.344 25,535 10.717 108.299 5,800 73,344 25,535 10,717 108,299 5,800 2,955 2,955 97.786 97,786 9,353 236,003 9,353 97,786 333,789 17
Causeway Rural & Urban Network Company Llmlted by Guarantee Notes to the Flnanclal Statements (conllnu•dJ Year ended 31 March 2025 Charltable actlvltle8 (conllnu•d) Unrestricted Funds Restricted Total Funds Funds 2024 Grants Receivable-Dfc Grants Rec8lvable -Fresh Start Grants Rec8ivabl8-PHA Small Grants Grants Receivable-IFI-PYDP Grants Receivable- Varlous Funders Grants Receivable-CDH Income from Charitable aclivities Grants Receivable-The National Lottery Communlty Fund Grants Recelvable-Healthy Llving Centre Aliance Ltd Grants Receivable-TEO Shared Threads Grants Recelvable-The National Lottery HELP Grants Receivable - Oak Housing & Homelessness Innovalion & Voice Fund Grants Receivable-PHA-Menopause Grant Grants Rocoivable -Better Days 67,347 67,654 10,762 87,681 2,640 9,600 3,334 67,347 67,654 10.762 87,681 2.640 9,600 3,334 105,999 105,999 5,000 16,165 73,483 5,000 16.165 73,483 20.000 3,424 20,000 3,424 293,607 179,482 473,089 Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest receivable Expendltur• on charftable actlvltles by fund ty Unrestrlcted Funds Restricted Totsl Funds Funds 2025 Communlty projects Personal Youth Development programme Support costg 216,964 52.497 8.003 130.855 347,816 52,497 10,641 2,635 277,464 133,490 410,954 Unrestrlcted Funds Restrlcted Total Funds Funds 2024 Community projects Personal Youlh Development programme Support costs 235.974 47.898 4,330 143,891 379,867 47,898 8,523 4,195 288.202 148,086 436,288 18
Causeway Rural & Urban Network Company Llmltod by Guarantee Notes to th8 Flnanclal Statements (¢¢)nthiuod) Year ended 31 March 2025 Expendlture on charltabl• actlvltl•s by actlvlty type Acllvllies undertaken Grant fundlng directly of activities Support Total fund8 costs 2025 Total fund 2024 Communlty projects Personal Youth Development prograrnme Governance costs 345,816 2,000 4,136 3S1.952 384,053 52,497 52,497 6,505 410,954 47,898 4,337 6,505 398,313 2,000 10,641 436,288 Analys1$ of support cost8 Cornmunty projects Totsl 2025 Total 2024 General office Finance costs Governance costs 3,913 223 6,505 3,913 223 6,505 10.641 3,839 147 4,339 10,641 8,325 10. Net {expendltureVlncome Net {expenditureyincorne is stated after chargin{crediting). 2025 2024 Depreclatlon of tangible fixed assets 923 1.145 11. Independont •xamlnatlon fees 2025 2024 Fees payable to the Independent exarnlner for. Indep8nd8nt 8xamlnatlon of the financial statements 560 560 12. Staff costs The total staff costs and employee benefits for the reportlng perfod ara analys8d as follows: 2025 2024 Wages and salaries Social securlly costs Employer contributions to penslon plan8 Other employee benefits 224,731 17,426 9,132 1,674 240,926 17,522 11,774 1,562 252,963 271,784 19
Causeway Rural & Urban Network Company Llmlted by Guarantee Notes to the Flnanclal Statements (¢onllnuod) Year ended 31 March 2025 12. Slaff co818 fwntinued) The average h8ad count of employees during the year was 7 {2024: 8). The average number of full-time equivalent employees during the year Is analysed as follows: 2025 2024 Number of staff No employee received employee benefits of more than £60,000 during the year (2024: Nil). Koy Managoment Porsonnel Key managemenl personnel include all persons that have author4ty and responsibility for planning, dlrecling and controlling the activities of the charity. The total compensatlon paid to key management personnel for serviGes provided to the charity was £43,800 (2024:£42,403). 13. Trustee remuneratlon and expenses No remuneratlon or other benefits from employment with the charfty or a related entity warè received by the trustees. No trustee expenses have been incurred. 14. Tanglblo flxed assets Flxtures and flttlngs Total Cost At 1 Apr 2024 Additions 21.051 695 21,051 695 At 31 Mar 2025 21,746 21,746 Depreclatlon At 1 Apr 2024 Charge for the year At 31 Mar 2025 16,470 923 16.470 923 17,393 17,393 Carrylng amount At 31 Mar 2025 4,353 4,353 At 31 Mar 2024 4,581 4,581 20
Causeway Rural & Urban Network Company Llmlted by Guarantee Notes to the Flnanclal Statements (conthiu•d) Year onded 31 March 2025 15. Dobtors 2025 2024 Prepayments and accrued income Other debtors 14.378 44,060 58.438 38,724 57,735 96,459 16. Credltors: amounts falllng due wlthln ono year 2025 2024 Accruals and d8f8rr8d Income Other creditors 13,902 1.437 18,283 15,339 18,283 17. Penslons and othgr post rotlrement b•n•flts Deflned contrlbutlon plans The amount reco9nised in income or expenditure as an expense in relation to defined contribution plans was £9,132 (2024: £11,774). 18. Analys1¥ of Charllable fund8 Unrestrlcted funds At 1 Apr 2024 At Income Expendlture 31 Mar 2025 General funds 71,488 236,007 (277,464) 30,031 At 1 Apr 2023 At Income Expenditur8 31 Mar 2024 General funds 66,081 293.609 (288,202) 71,488 Rostrlcted fund$ At 1 Apr 2024 At Income Expenditura 31 Mar 2025 Reslrlcted Funds 101,921 97.786 (133,490) 66,217 At 1 Apr 2023 At Income Expenditure 31 Mar 2024 Restricted Funds 70,525 179,482 (148,086) 101.921 21
Causeway Rural & Urban Network Company Llmltod by Guarantee Notes to the Flnanclal Statements {contlnu•dJ Yaar ended 31 March 2025 19. Analy$ls of not assols between funds Unrestricted Funds Restricted Total Funds Funds 2025 Tangible fixed assets Current assets Credltors less than 1 year Nal a880t8 2,442 39,410 (11.821) 30.031 1,911 67,824 (3,518) 66,217 4,353 107,234 (15,339) 98,248 Unrestrlcted Funds Restricted Total Funds Funds 2024 Tangible fix assets Current assets Creditors less than 1 year Nat a88et* 2,354 86,666 <17.532) 71,488 2,227 100,444 (750) 101.921 4,581 187,110 (18,282) 173,409 22