**COMPANY REGISTRATION NUMBER: NI045661 CHARITY REGISTRATION NUMBER: NIC105690** ## **The Rural Centre Company Limited by Guarantee Unaudited Financial Statements** ## **31 March 2024** ## **SP McCAFFREY & CO** Chartered accountants 50 Campsie Road Omagh Co Tyrone BT79 0AG ## **The Rural Centre** ## **Company Limited by Guarantee** ## **Financial Statements** ## **Year ended 31 March 2024** ||**Page**| |---|---| |Trustees' annual report (incorporating the director's report)|**1**| |Report to the board of trustees on the preparation of the|| |unaudited statutory financial statements|**4**| |Statement of financial activities (including income and|| |expenditure account)|**5**| |Statement of financial position|**6**| |Notes to the financial statements|**7**| |**The following pages do not form part of the financial statements**|| |Detailed statement of financial activities|**14**| |Notes to the detailed statement of financial activities|**15**| ## **The Rural Centre** ## **Company Limited by Guarantee** ## **Trustees' Annual Report (Incorporating the Director's Report)** ## **Year ended 31 March 2024** The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2024. ## **Reference and administrative details** **Registered charity name** The Rural Centre **Charity registration number** NIC105690 **Company registration number** NI045661 **Principal office and registered** The Old Primary School **office** 4 Augher Road Clogher Co. Tyrone BT76 0AD ## **The trustees** Mr Gerard Hackett Mr Harrison Boyd Mrs Alverta Stein **Company secretary** Gerald Hackett **Accountants** SP McCaffrey & Co Chartered accountants 50 Campsie Road Omagh Co Tyrone BT79 0AG ## **Structure, governance and management** ## **Governing Document** The Rural Centre is a company limited by guarantee (registered number NI 045661) and does not have a share capital. The Company is governed by its Memorandum of Articles of Association. The Company is recognised as a charity by NIC105690 ## **Principle Activity** The Principle Activity is the advancement of education; the advancement of citizenship or community development and the promotion of religious or racial harmony or equality and diversity among the inhabitants of Northern Ireland to promote peace building and respect for cultural diversity by connecting people to collaborate and build relationships cross community, cross border and between other regions of Europe and internationally. ## **Recruiting and Appointing New Members** The method of selection for all new members is through appointment by existing Board members. ## **Training of New Board Members** There is Board Member Induction training provided **- 1 -** ## **The Rural Centre** ## **Company Limited by Guarantee** ## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ ## **Year ended 31 March 2024** **Structure, governance and management** _**(continued)**_ ## **Decision Making** The Board of Trustees are responsible for overall decision making on legal & financial management policies, they meet once a month with the manager, who would implement new policies and strategies. ## **Statement of Risks** The main risk to the company is to be adequately funded to continue with the level of service provided to the inhabitants of N Ireland and Border Regions and the safeguarding of any employment it may create in the local area. ## **Objectives and activities** The advancement of education; citizenship or community development and the promotion of religious or racial harmony or equality and diversity among the inhabitants of Northern Ireland to promote peace building and respect for cultural diversity by connecting people to collaborate and build relationships cross community, cross border and between other regions of Europe and internationally through Thematic study visits to share expertise and knowledge; Educational study visits; Projects with partners from other regions; Cultural awareness training; Information on EU funding programmes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. ## **Achievements and performance** ## **Review of Performance against Objectives** The board of trustees continue the process of Self Assessment against the quality management procedures ## **Financial review** ## **Review of the Business** The Rural centre is non-profit making with net outgoing resources of £51,029 for the year. There was no capital expenditure during the year. The management continues to be engaged in ongoing efficiency savings and is aware of the sustainable use of resources. ## **Reserves Policy** The trustees of The Rural Centre have set up a reserves policy which requires that reserves be maintained, in unrestricted bank accounts, at a level which ensures that The Rural Centres core activities, could continue during a period of unforeseen difficulty. The trustees consider that this figure should be £100,000 and will endeavour to maintain this figure over the next few years. The Company Review Policy is reviewed every year. ## **Plans for future periods** The Company plans for the future is to continue to provide local areas with their service and build relationships with fellow european communities in creating exchanges and Study Visits which will benefit all parties. **- 2 -** ## **The Rural Centre** ## **Company Limited by Guarantee** **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ ## **Year ended 31 March 2024** ## **Small company provisions** This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees' annual report was approved on 9 July 2024 and signed on behalf of the board of trustees by: Mr Gerard Hackett Director Gerald Hackett Charity Secretary **- 3 -**