Richmount Rural Community Association
Report of the Trustees
Financial Statements
For Year Ending 31 March 2025
Richmount Rural Community Association 2 Derrylettiff Road, Scotch Street, Portadown. BT62 1QU. PROUDLY SUPPORTING OUR COMMUNITY
Richmount Rural Community Association
Accounts for year ending 31 March 2025
Expenditure
2025 2024 £ £ Project Costs (Charitable activities 88,828.95 52,002.41 Running/overhead costs 14,630.00 13,284.56 Total 103,458.95 65,286.97
Richmount Rural Community Association Accounts: for year ending:
31 March 2025 - Income
Unrestricted Restricted £ £ Charitable activities Community Fund ( Lottery) 45,428.00 Heritage Fund (Lottery) 4,750.00 ABC Borough Council development grants 11,073.88 DAERA 1,878.00 HMRC (VAT) 4,431.40 Go Succeed Prize 1,000.00 Receipts 31,128.41 Subtotal 41,309.81 58,409.88
Richmount Rural Community Association accounts for year ending
31 March 2022
| 31 March 2022 | |
|---|---|
| Balance Sheet 2025 2024 | Balance Sheet 2025 2024 |
| Fixed Assets: £ £ | Fixed Assets: £ £ |
| Buildings 45,000.00 48,500.00 | Buildings 45,000.00 48,500.00 |
| Fixtures & Fittings & equipment 55,900.00 55,860 .00 | |
| Total 100,900 .00 104,360 .00 | |
| Current Assets: | |
| Debtors 1,953.00 | Debtors 1,953.00 |
| Bank 12,564.66 | Bank 12,564.66 |
| Total 14,417.66 | |
| Current Liabilities | |
| Creditors 364.00 | Creditors 364.00 |
| Total £364.00 | |
| Net Current 14,053.60 | Net Current 14,053.60 |
| Restricted reserve 3,785.66 | Restricted reserve 3,785.66 |
| Unrestricted reserves 10,277.94 | Unrestricted reserves 10,277.94 |
| Total assets less liabilities 114,953.60 128,889 | Total assets less liabilities 114,953.60 128,889 |
These financial statements were approved by the Board of Trustees on 7 October 2025, and signed on their behalf by:
Trustees : Joe Garvey BEM , Chairperson
Independently examined and approved by:
Martelle McPartland MA