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