E.S&n ID". bbff•b91•aaè>442b-b20d-t￿tsbdcd[6 Company registration number. N1042835 Charty registration number. 106024 County Down Rural Community Network (A company limited by guarantee) Annual Report and Finaniial Statements for the Year Ended 31 March 2025 KPS Chartered Accounlants Chartered Tax Advisers Registered Auditors 35 Irish Street Downpatrick Co. Dowrb BT30 68W ID: Lthb91-aae34421Fb20d*6044¢bdcdf6 County Down Rural Community Network Contents Reference and Administrative Details Strategic Report 2to4 Trustees. Report 5t07 Independent Auditors. Report 8t011 ststement of Financial Acilvities 12 Balance Sheet 13 statement of Cash Flows 14 Notes to the Financial Statements 15to24 E-sign ID: bbffeb9l-aa@344￿b2Od.b6044ebd County Down Rural Community Network Reference and Administrative Details Secretary Nicholas McCric&ard Charfty Reglstratlon Nurnber 1C6024 Cornpany Registrdtlon Number N1042835 The charity is incwrated in Northem Ireland. Office Unit 2 Ballymote Centre 40 Killough Road DownpatrTck Co Down BT30 6PY KPS Chartered Accountafrts Chartered Tax Advisers Registered Auditor5 35 Irish Street Downpxtrick Co. Down BT30 6BW Registsred Office Auditor Page 1 E4lgn ID: bbffeb9l-￿344￿Fb20d￿6044ebdcdr6 County Down Rural Community Netsyork Stratsgic Report for the Year Ended 31 March 2025 The trustees, who are direclors for the purposes of company law, present their strategic report for the year ended 31 March 2025. in compliance with s414C of the Companies Act 2006. The Trustees have adopted the prowsions of the Statemenl of Recommended Practits (SORP). -Accounting and Reporting by Charibes. (FRS102), in preparing their annual report and financia statements. 2025 marks a significant milestone for County D¢)wn Rural Community Netrwork (CDRCN) as we celebrate 30 years of service to rural communittes. Fomied in 1995 by five local communty groups, our organisalK￿ has grthvn into a twsted and influen￿"al voice ftir rural lrfe now representirvJ and supporting over 400 voluntary and community organisations across County Down. Ards and North Dovffi. and beyond. Over three decades, CDRCN has helped rural communibes to thrive through practical support, advocacy, and P8rtnership-* that empower I￿al people to improve healkh. wellbeing. and opportunity. This report reflects both our strategic adjievemenls and Irustee oversight during the financial year April 2024 - March 2025. rnarking a year of continued impact. renewal, and res111er￿￿. Our Mission and Purpose CDRCN exssts to promote the welbeing sustsinabilty of rural communrbes. Our tharitsble objectives are to.. . Advance education, health. and communty development for the benefft of rurnE inhabiiants. • Support volunlary and cornrnunity organisations through irrformation. training, and capacity building. • Encourage partiapation, partnership. and innovation in njral deveJopmenL Pgople at the Heart of Our Work In 20242025, our reach and engagement continued to expand: . 4[￿ member organisalions direcdy supported • 12 voluntary directors providing strategic leadership . 16 staff d81ivering On-the￿rOUnd services . 2 ¢ouncil areas served- Ncwry, Moume & Down and Ards and North Down . From the original five founding groups to todays 406 members. our ioumey refleds the strength of co1￿Chva effort and the enduring value of communty spirit in rural County Down. How We Make a Dlfferonce Our approach combines partnership, empJ4wènnent. and measurable outcomes: . 27 training courses delivered. reaching 532 parbcipants • 80 events held, attracting 5,500 attendees 120 agencies worked in partnership • £900.000 in orant aid secured for 55 voluntary organisations . 12 e-zines and 260 soctal media posts keeping communibes informed 300+ Micro Grants distribLrted, averaging £1,4CK) each - Mlh 20Yr• of recipienis being first-time appkn(znts, shOv￿n9 that we continue to engage ne•V and emerging groups. Page 2 E.Sw ITr. bbff•b914ae>442￿b2￿b6O44ebdCd County Down Rural Community Ne￿ork Strategic Report for the Year Ended 31 March 2025 Achlevements and Perfornianco 20242025 1. Rural Communty Development Support (DAERA) Our Rural Development Team continued to deliver the Rural Communty Development Support Service fjJnded by DAERA. working across rural North Down, the Ards Peninsula, South and East Down, and South Amiagh. Over 300 micro grants were managed. lotalling more than £400.000 in support for small organisations. CDRCN also contributed to Strateg￿ dis¢ussions at Stomonl to ensure rural needs are represented in any ne•V joint DAERAJDfC funding model expected from 2026. 2. Health and Community Development Programme (PHA) Funded by the Public Health Agency (PHA), our Health Team continued to support hundreds of srnall community groups promoting physical aclivrty, mental wellbeing, and social connedion. Wrth funding secured until March 2027, this programme remains ￿ntral to our miss[c￿ - emrA)wering people to tske control of their own health ouicomes and reducing rural isolation. 3. Neighbourhood Renewal (Downpatrick) Now entering its tsventieth and likely final phase, this 20 year inbtiative continues to transfom seven estsles in Downpatrick. CDRCN'S contribution - £20.rKH) in training, events, and direct community invesknent - has strengthened local Capaty, including SUPFQrt for Downpatrick CommLsnty Alloknerrts. enhancing food security and wgllbeing. 4. Social Supemarket Programme In partnership with Clanrye Group, SERC, and loca partners, we provided a V•rap-around support service to families in crisis. This model offers fo¢xI acrxss, financial advice. and wellbeing support, helping residents move from crisis towards stabilty and self-re1ia￿e. 5. Asylum Seekers Fund With support from Dfc and Nevny, Moume & Down Distrid Couniil. CDRCN managed the Asylum Seekers Fund, welcoming new re￿dents and ensuring access to essentials - including food. schooling, healthcare, and community integration - especialty in the NeHcastle area. 6. Hardship and Cost-of-uving Support Through NMDDC. Dfc. arKI Ards and North Down Council, we distribut&J over £100.000 to families In ffinanctal hardshi￿ This immediate relief has been ryitical in supporting households affected by the ongoing co$t-of-living crisi5. 7. PeacePlus and Major Projects A defining highlight of this year was the successfvl É15 million PeacePlus award from SEUPB in partnershlp wltn the GAA County Board for the Ballykinlar Centre of Participation. Wellbeing and Shared Leaming. CDRCN ￿11 lead communty engagement and outreach. ensuriro the facilty serves as a shared space that connects people across traditions and b￿kgrOund$ throughout County DON￿. 8. National Lottery Communty Fund Our Health Team secured a new £500,0￿ grant from the National Lottery Community Fund to support very sm811 community groups across Ards and Down over the next th￿e years- ensuring that even the smallest voices have access to support and grcAVth. 9. Research and Community Insight Our 2024 Member Survey retsived 160 responses, an overwhelming majorty expressing satisfaction CDRCN'S supporL The survey also revealed the lop Iwo thallenges facing rural communittes.. mental h@alth and poverty- priorities whith will shape our work in the coming years. Page 3 E4lgn ID: bbffeb91-aaeW2trtrb20d-b6044ebd¢d16 County Down Rural Community Network Strategic Reportfor the Year Ended 31 March 2025 FlnanGial reviow CDRGN'S income for the year remained stable across multFannual fvnding streams. Funds were applied wholy to charitable purposes, and reserves were maintained at responsible levels to safeguard future operations and respond to funding fluctuations. At the end of the financial year the Charity has assets of £490.931 (2024:£429.545) and liabilities of £115.319 (2023.. £55,955) The assets ofthe Charity have increased by £2.021 Pollcy on reseryes The trustees have examined the charl￿$ requirements for reserves in light of the main risks to the organisalion. It has established a policy vthereby Ihe unrestrÉcied fijnds not committed or invested in tangible fixed assets held by the charity should be 4 months of annual budgeted expendrture. Budgeted expendllure for 2025128 is approximately £1 m and therefore the target is £333.333 of general unrestricled fijnds. The reserves are required to meet not only the Wofking capital requirements of the chartty enabling the chartty to continue wilh future Investments and also ensure Ihat the tharity would be able lo covef the Gosts of winding up should the worst happen and the charity need to close. The actual reserves at 31 March 2025 amounted to £375,612 of vthith unrestricted reserves totalled £342,970 which is slightty more than the target ffigure of £333.333 for unrestricted funds. In c*ulating reserves the net book value of fixed assets held (£180) have been exduded. The Directors are aware of the events occurring within the financial year and V•ryll continue to keep under constsnt teview. It remains the strategy of continuing to buikl reserves ar*d appty resources to the chariWs objectives and mission. The strategic report vms approved by the trustees of the charity on 5 November 2025 and signed on its behalf by: DLCBakor David Lawrence Ccde Baker (freasurer) Trustee WSAMegrnw William Samuel Alexander Megraw (￿iCe Chair) Trustee Page 4 E.Swi ID: bbffebg1-wW2t￿b20￿6O44ebdCdffj County Down Rural Community Network Trustees. Report The trustees, vtho are directors for the purposes of company law, present the annual report together wth the ffinancial staternents and auditors. report of the charital)ie company for the year end￿ 31 Marth 2025. Public Benefit The Trustees conffirn that CDRCN'S activtbes deliver clear public benefit. in line with the Charity Commission's requirements. Our services are open to all and contribute to: . Strengthening local voluntary groups and civic pwticipali . Improving health, wellbeing, and social inclusion . Building resilience and leadership in rural communtlses In 2024-2025, our work directly beneffted thousands of residents and hundreds of organisations, ensuring that the impact of charitable investrnent reached those most in need. Partnershlps and Funders Our work is made possible through collaboralion IMth an extensive ne1w￿k of fvrKlers and partners. including". Public Healih Agency" CFNI - ARN Foundation; • The National Lottery Community Fund: Domiant Assets Nl.. . Newry Moume and Down Distrid CouncA: ¥ Ard$ and North Down Borough Council.. . Pea¢ePlus; and • The Healthy Living Centre Allianc6. We also thank the 120 partner age￿leS and hundreds of communty volunteers vtho make our suc£ess posslble every day. Future Plans As we look beyond our 30th annNersary, CDRCN'S foujs for 202&2026 wll indude: . Continuing delivery under DAERA and PHA programmes . Launching engagement for the Balykinlar PeacePlus share&space proieci Expanding wellbeing initiatives and 8mall-group support . Supporting communities through the ongoing cost-of-living challenge • Strengthenlng advocacy for rural voices at regional level Page 5 E&gn ID: bbffeb91.aae3442l>b2Od￿60440bdCdI8 County Down Rural Community Network Trustees. Report Trustees and officers The trustees and officer5 serving dwiTr3 the year and Sin￿ the year erKS were as follows: Nicholas John Moore Trusiees: Loretta Gribben Helen Margaret Coulier (Assistant Treasurer) Alan David Poots (Chair) Brian John Graham (resigned 23 October 2024) Robin Eldred Holliday {resigred 23 October 2024) Kathy Graham Liam Devine Nicola Fitzsimons patri￿ Dèkxjrah Roden Damd Lav4Ten¢e Cde Baker ffreasureT) wiriam Samuel Alexander Megraw (Vice Chair) Secretay. Nitholas Mccrickard Structure. govemance and management Nature of governlng document County Down Rural Communty Ne￿rk 18 8 ¢harity registered wilh the Charity Commission for Northern Ireland and is also registered as a company limiled by guarantee. Organisational structurn CDRCN is govemed by a Board of 11 voluntary Trustees. representing the diversity of the rural voluntary and community sector. The Board meets quarterly to rgviow ￿rf0￿ance. finances. 8nd govemanc8. #upportéd by subcommittees covering finance, programmes. and compliance. Statsment of tntstees. responsibilltles The trustees (who are also the directors of County Down Rural Community Ne￿[k for the purposes of company law) are responslble for preparing the trusleEs' ivyuit diid Ihe finanGial stalements in aGGordance with applicable and United Kingdom Accounting Stsndards (United lfjngdom Generally Accepted Accounting Practice), including FRS 102 Yhe Financial Reporting Slandard applicable in the UK and Republic of Ireland" Company law requires the trustee$ to prepare financial ststements for each financial year. Under company law the trustees must not approve the finanual statements unless they are satisfied that they give a true and fair view of the state of affairs of the char5table company and of the incoming resources and application of resources. including its income and expendtlure. of the dlarilable company for that period. In preparing these financial statements, the trustee5 are required to: sele¢A suitable accountng policies and apply them consistenty. observe the methods and principles in the Charities SORP: make judgemènts and estimates that are reasonaNe and pwdert stste whether applicable accounting standards. comprising FRS 102 have been foiEowed. subjeGt to any material departures disdosed and explained in the ffinancial stslements. and Page 6 County Down Rural Community Ne￿ork Trustees. Report prepare the financial statements on the going concem basis unless it is inappropriate to presume that the chartlable company will ¢¢)ntinue in business. The trustees are responsibk for keeping proper accounting records that disdose with reasonable a¢¢uracy at any time the financial p0s￿On of the ¢harilable company and enable them to ensure that the finanaal stalements compty with the Companies Act 2006 and Charities Act {Northem Irdand) 2008. They are also responsible for safeguarding Ihe assets of the charitai4e company and hents for tsking reasonable steps for the prevention and detection of fraud and other irregularities. The trustee5 are responsible for the maintenance and integrity of tha corporate and financial infomiatinn induded on the charilable companvs website. LegislatiL)n govemirvJ the preparation and dissemlnatlon of financial statements may differ from legislation in other jurisdictbon& Dlsclosure of inforniation to auditor Each trustee has taken steps that they ought to have taken as a truslee in oidet to make themselves aware of any relevant audit infomiation and to establish thal the chartvs audtlor is aware of Ihat infomation. The Irustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware. The annual report vrds appnjved by the trustees of the tharity on 5 November 2025 and signed on its behaw by: DLCBaker David Lav￿enCe Cole Baker (freasurer) Trustee W S A Megraw SAMY William Samuel Aiéxarider Megraw (Wice Chair) Trustee Page 7 E-S*3n ID: bb1￿b91-a9e3442￿b2Od.b60440b￿¢df6 County Down Rural Community Ne￿Ork IndependentAudito￿s Report to the Members of County Down Rural Community Network Oplnion We have audiled the financial statements of County Down Rural Communlty Network (the 'charity) for the year ended 31 March 2025, which comprise the Statement of Financial ActNities. Balance Sheet, Statement of Cash Hows, and Notes to the Financial Statements, induding a summary of signtfi&qnt accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, ompiising Charilies SORP - FRS 102 The Financial Reporting Standard applic2b18 in Ihe UK and Republic of Ireland. and applicable law (United lfjngdom G￿erallY Accepted Accounting Practice). In our opinion the financial statements". give a true and fair view of the state of the diaritrfs affairs as at 31 March 2025 and of its incoming ￿sourceS and application of resources. including 5ts income and expendrture, for the year then ended; have been property prepared in accordance viith United Kingdom Generally Accepted Accounting Pra¢Wce" and have been prepared In acryKdance with the requirements of the Companies Acl 20[￿. Basis for opinion We conducted our au(rrt in accordance with Intemational Standards on Audillng (UK) (ISAS {UK)) and applicable law. Our responsibilities urmfjer those standards are fvrther descrited in the auditor responsibilities for the audit of the financial statements seclion of our report. We are independent of the charity in accordance wilh the ethical requirements that are relevant to our audit of the financial statements in the UK, induding the FRC'S Ethical standard. and we have fuffilled our other ethical responsibiltbes in accordance these requirements. We believe that the audit eVid￿Ce bve have obtained is sufficient and approprth to provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial stalements, we have conduded that the trustees use of the gO￿g ￿nCeM basis of accounting in the preparation of the financial statements is appropriate. Based on the Work we have perfonned. VR have not identfft.ed any materlal uncertaintie5 ielating to events or conditions that, indNidually or colieclNety. may cast significanl doubt on the charivs ability to continue as a going concem for a period of at lfrast months from when the original financial ststements were authorised for issue. Our responsibilities and the responsibimies of the trustees wÈth respect to going concem are described in the relevant sections of thts reporL Other Inforrnatlon The trustees are responsible for the otsr information. The other infomialion c(Ynprises the inforrnation included in the annual report. other than the financial statements and our auditorfs report thereon. Our opinion on the financial statements does not cover the other infornation and. except to the exteni otherwlse explicitly ¥ialed in our report. we do not e>press any fomi of assurance condusion thereon. In o)nnection with our audit of the financAal statements. our responsibilty is to the other infomiation and, in doing 50. consider whether the other ￿fO￿allOn is materially inconsistsnt with Ihe financial stalements or our knowledge obtained in the audit or othemise appears to be materialty misstated. If we identify such material inconsistewes or apparent material misstatements, are required to determine whether there is a material misstatement in the finanuai statements or a material misstatement of the other information. If. based on the work we have performed. we condude that there is a material mi5$tatemenl of this other infomation, we are required to report that facL We have ncthing to report in this regard. Page 8 E-slgn ITr. bbl1eb91Thaae3442￿20￿t￿o44ebd¢1J[6 County Down Rural Community Network Independent Auditorfs Report to the Members of County Down Rural Community Network Opinlon on other matter prescrlbed by the compani￿ Act 2006 In our opinion. based on the vmrk undertaken in the course of the audiL" the infomiation given in the Strategic Report and Trustees. Rep)rt for the financial year for vthith the financial statements are prepared is consistent with the financial statemenis: and the Strate9i¢ Report and Trustees. Raport have b8on prepar￿1 in %cordance appllcabk lègal requirements. Matters on which we are rnquired to report by exception In the light of our knowledge and understanding of the charity and its ￿VIrOnMent obtsined in the course of the audit. we have not itjenkn.fied material mlsstatemerTts in the Strategi¢ Report and the Trustees, ReporL We have nothing to report in respect of the following matters where the Compani&s Act 2006 requires us to report to you rf. in our opinion.. adequate accounting Tecords have not been kept. or relums adequate for our audit have not been received from branches not visited by us. or the finanaal statements are nol in agreement wilh the accounting records and retums,. or certain disdosur8s oftrustees remuneration Spe￿f￿d by law are not made" or V￿ have not received al the infomalion and explanations we require for our audiL Rosponsibilitleg of trustees As explained more fully in the St*em8nt of trustees. responsibiltlies (set out on page 6 and T), th8 trustee5 are sponsible for the preparalion of the ffinanc￿ statements and for being satisfied that they give a true and fair view. and ft)r such intemal control as the trustees detennine is necessary to enable the PreParat￿n of ffinancial 51atements that are free from material misstaiement. whether due to fraud or e￿Or. In preparing the financial slatements, ttrw truslèès are ￿sponsible fr*r assessing the chariws ability to Continue as a going concem. disdosing. as applicable, matters related to 90ing wicem and using Ihe going concem basis of accounting unless the trustees either intend to liquidate the charity or to cease operalions, or have no realistic altemative but to do so. Auditor responslblllties for the audit of the financlal ststements Our objedives are to obtain reasonable assuran￿ aboul whether the finanaal statements as a vthole are free from material misstatement. vthether due to fraud or error. and to issue an auditorfs report that indudes our opinion. Reasonabk a6surartt is a high level of assurance. but is not a guarantee that an audÉt conducted in accordance with ISAS (UK) V￿11 ah•rays detect a material misstatement when it e￿$1$. Misstatements can arise from fraud or error and are considered material rf. individually or in Ihe aggregate, Ihey could reasonably be expected to Infjuen￿ the econom￿ decisions of users tsken on the bas￿ ol Ihese finanaal statements. The extent to which our procedu￿$ are capable of detecting irregularities. including fraud is detailed below: Irregularities. induding fraud are instances of norFcomplIan￿ wtth laws and regulations. We design pr¢xedures in line with our responsibiltlies. outlined above. to detert material misstatements in respect of irregularities. induding fraud. In idenlifying and assessing the risks of materia misstatement in re5peci of irregularitses, including fraud and non-compliance with laws and regulations. we considered the following.. the nature of the industry. contrcl environment and business performance the results of our enquiries of management about thoir identification of the ri*k of irregularibes any matters we identified have obtained and reviewed the tharity's documentstion af their polides and procedures; and Page 9 E￿1￿ ID: t4>ff•b9l4ae344￿b20(￿b6O44¢￿JCd16 County Down Rural Community Ne￿ork Independent Auditorfs Report to the Members of County Down Rural Community Network the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any indicators of fraud. We also discussed the potential for nonpcompliance with laws and regulations. We focused on laws and regulations that could give rise to a pcrtentsal material rnisststement in the financial statsments. Our te8ts incjuded. butwere not lim¢tod to.. • Agreement of the financi81 statement disclosures to underlying supporting documenlation: In response to the risk of managernent override of controls. identtfying and testing joumal entries and other adjustmerts, in particular any unusual account combinations and joumals posled by unexpected users; Evaluating the business rationale of any significant transactbons thal are unusual or outside the nomal course of busines5- . Making enquiries of management as to where they considered there was susceptibilty to fraud. knowledge of actual, suspected and alleged frauds: Considering the intemal controls in place to rnitigate the risk of fraud and n0nwc0mpl￿nce vrith laws and regulations.. and Challenging 89SUmPtion$ and judgements made by management in their Signifi￿nt ac¢ounting estimates and judgements. Because of the inherent limitations of an audit, there is a risk that will not detect all irregularities. induding those leading to a material misslatement in the finanaal statements or nonwcompliance with regulalions. The risk increases th8 more that compliance wilh a law or regulation is removed from the events and transadions refiected in the ffinaneial statements, as we will be less likely to become aware of inslance$ of norFcompliance. The risk is also greater regarding I￿egUlaritieS occurrirwJ due to fraud rather than error, as fraud involves intentional concealmenL forgery. collusion, omission and misrepresentation. As part of an audit in accordance with ISAS (UK). we exeriise professional judgement and maintain professional 5￿p11¢15M throughcMJt the audit. We a150: Identtfy and assess Ihe risks of material mi55tstement of the financial ststements. whether due to fraud or error, design and perfomi audit procedures responsive to those risks, and obtain audit eviden￿ Ihat is suffioent and appropriate to provide a basis for our opinion. The risk of not detecling a material misstatement resulting from fraud is higher than for one resuhing from error, as fraud may involve collusion, forgery. intentional omissions, misrepresentations, or the override of intemal control. Obtsin an understsndvlg of intemal control relevarrt to the audit in order to design audit procedures that are appropriate in the circumstsrwxs, but not for the purpose of expressing an Opini￿ on the effectiveness of the chariws internal control. Evaluate the appropriateness of accountiThJ policies used and the reasonableness of accounting estimatss and related disclosures made by the trustees. Conclude on the approprialeness of the trustees use of the going concem basis of accounting and, based on the audit evidence obtained. whether a material uncertainty extsls related lo events or conditions that may Ca￿ signthcant doubt on the chariws ability to continue as a going concem. If we condude Ihal a material uncertainty e￿Sts. we are required to draw attention in our auditorfs report to the related dis¢losure5 in the financial statements or. rf such disd0su￿S are inadequate, to modify our opinion. Our conclusions are based on the audit evidentx obtained up to the date of our auditorfs report. However, future events or conditions may cause the charity to ￿ase to c(￿lInUe as a going concem. Evaluate the overall presentation, structure and ￿ntent of the financial statements, induding the disdosures. and whether the financial statements represent the undertying transactions and events in a manner that achieves fair presentation. We communicaie with those charged with govemance regarding, among other matters, the planned scope and timing of the audit and signfficant audit findings, induding any significant defiaencies in intemal control Ihal we identify during our audit Pa9e 10 E-siw ID: bbfftrb91-aao34421pb20d-b6044ebdc County Down Rural Community Ne￿Ork Ind8pendentAuditor's Report to the Members of County Down Rural Community Network Use of our report This report is mad8 solely to the charTlable companls trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees Ihose matteT5 we are required to 51ate to them in an auditorfs ￿pOrt and for no other purpose. To the fullest extent permitted by law, we do nol accept or assume ￿spOnsibL1ty to anyone other than the charitable company and its trust0￿ as a body. for our audit work. for this report, or for lh8 opinions we have foThed. K Smyth Kyran Smyth (Senior Slatutory Auditor) For and on behalf of KPS Chartered ACC￿ntants. Ststuiory Auditor Chartered Tax Advisers Registered Auditors 35 Irish Street DownpatriGk Co. Down BT30 6BW 5 Novembèr 2025 Page11 E.Sign ID: bbffrb914￿￿4421Fb2Od-b6044ebdUjf6 County Down Rural Community Network Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrtcted funds Restricted funds Total 2025 Note Income and Endowments from: Charitable activities Investment income Other income 924,367 924,367 3,661 98,452 3,661 93.842 4,610 Total income 97.503 928.977 1.026.480 Expenditure on: Charilable activities (94,870) 929,588 1.024,458 Total expendtture 94.870 929,588 1.024.458 Nel In￿me/(eXpenditUre) Transfars b•ts*en fvnds 2.633 7.988 (611) (7.988 2,022 14 Net movement in fvnds 10.621 (8.599) 2,022 Reconciliation of funds Total funds brougm for￿ard 332,349 41,241 373,590 Total funds carried fonvard 14 342.970 32,642 375.612 Unrestricted funds Restrlcted funds Total 2024 Income and Endowments from: Charslable activities Investment income other incA)me 1,124,966 1,124.966 3.055 82,647 3.055 81.367 Totsl income 84.422 1.126.246 1.210,e68 Expenditure on: Charitable activities 165.321 1,194,386 1.359.70 Total expendtture 165.321 1.194.38 1,359,70 Net expendiiure Transfers betsveen funds (80.899) (68.140) 37,24 (149,039) Net movement in funds (43,652) {105,38n (149.039) Reconclllalion of funds Total funds brought forward 376,001 146,628 522,629 Totsl funds canied forward 14 332,349 41,241 373,590 All of the charrvs activrties delive from continuing owations during the above two periods. Th8 fvnds breakdown for 2024 is shovm in note 14. Th¢ note6 on pages 15 to 24 fr>rm an intogral part of thè#e financial statemonts. Page 12 E-slgn ID: bbffeb91-aae34421￿b2Od￿J6o44ebdCdf6 County Down Rural Community Network (Registration number: N1042835) Balance Sheet as at 31 March 2025 2025 2024 Fixed assets Tangible assets 10 180 449 Current a880ts Debtors Cash at bank and in hand 11 12 98.724 392,027 181,412 247,684 4SYI,751 429,096 Creditors: Amounts falllng due within one year 13 115,319 55,955 Net current assets 375.432 373.141 Net assets 375,612 373.590 Funds of the charity: Restricted income funds Reslricted Funds 32,642 41,241 Unrestricted income funds Unrestricted Funds 342,970 332,349 Total funds 14 375.612 373.590 The financial statements on pages 12 to 24 were approved by the trustees, and authorised for issue on 5 November 202S and signed on their behalf by: DLC￿￿ David Lawren￿ Gole Baker ffreasurer) Trustee W S A M8graw SAM4f William Samuel Ajexander Megraw (VI￿ Chair) Trustee Tho not•s on pa9gs 1S to 24 fr>rm an intogrnl part of these finanad statements. Page 13 E.Sign ID: bbireb9l-w344￿b2o￿.b6O44ebdGd[6 County Down Rural Community Network Statsment of Cash Flows for the Year Ended 31 March 2026 2025 2024 Nots Cash flows from operallng actlvities Net ￿5h incomel{expenditure) Adjustments to cash flows from non4ash Items Depreuation Investnent income 2,022 (149,039) 269 .661 269 3.055 (1,370) (151.825) wo￿lD9 capltal adjustrnents Dccrea8el(In¢roa￿) in debtOT5 Increase in creditors 11 13 82,688 59,3PA (81,914) 37,209 Net cash flows frorn operating athities Cash flows from Investing actlvitie5 Interesl receivable and sirnilar ino)tr 140.682 (196,530) 3,661 3.055 Net inueasel(decrease) in cash and cash equivalents Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March 144,343 (193.475) 441,159 247,684 392,027 247,684 All of the cash fl¢)ws are derived from continuing operalions durfrwJ the above two periods. The notes on pages 15 to 24 form an integral of th￿• ffinancial statements. Page 14 E4gn ID: bbffgb91-aag3442WCkl-b6044ebdcdl6 County Down Rural Community Network Notes to the Financial Statements for the Year Ended 31 March 2025 1 Charity statug The charity is limlled by guarantee, Incorporated in Northem Ireland, and consequenlly does not have share capital. Each of the trustees 1$ liatle to contribute an amount rw)t exceeding £Nil towards the assets of the charity In the event of liquidation. The address of its registered Offi￿ is: Office Unit 2 Ballymote Centre 40 Killough Road Downpatrick Co Down BT30 6PY These financia slalements were aUth￿Sed for issue by the trustees on 5 November 2025. 2 Accountlng policies Summary of slgnlficant accounllng policies and key a¢counllng estimates The prinapal accounting p)licies applied in the preparatv)n of these financial statements a￿ set out below. These policies have been consistenlty applied to all the years presented. unless othemse ststed. statement of compllance The financial statements have been prepared in accordan￿ ￿ AccountiTrJ and Reporbng by Charities: Statement of Recommended practi￿ (applicable to charities preparin9 Iheir accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of 5reland (FRS 102)) (Issued in October 2019) - (Chafities SORP (FRS 102)), the Finanaal Reporknng Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. Basls of preparation County Down Rural Community Neiwork meets tho definition of a public benefit entity under FRS 102. Assets and liabilities are initially re¢ognised at historical cc*t or transaction value unless other￿ry$e stated in the relevant accounting policy not08. Going conrArn The trustees consider that there are no material uncertainties about the charivs abilty to continue as a going concem nor any significant areas of uncertainty that affeL* the wwng value of assets held by the charity. Judgements Estimates and judgemerts made in the process of prepariro the finaniial statements are continually evaluated and are based on historical experience and other factors. indudin9 expectations of future events thal are believed to be reasonable under the urcumstances. The Trustees do not consider that there are any critical judgements made in applying these chartty accounling poliaes or that there are any criti￿1 accounting estimates or assumptions vthich may have a signifi&qnt risk of causing a material adjustrnwrt to carying amounts of assets and liabilities wthin the next financbal year. Page 15 E.Sign ID: bbff8b91*￿3442F>b2Od.b6o44ebdCd16 County Down Rural Communlty Network Notes to the Financial Ststements for tho Year Ended 31 March 2025 Income and endowments All income is recognised in the Statement of Financial Activtlies once the charity has entttlement to the funds, it is probable that the income will be received and the amount can be méasured reliably. Expenditure All expenditure is recognised orsce thwe is a legal or constructNe obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. AJI costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be direclty attributed to particular headings they have been allttated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges alb)¢ated (m the portion of the assevs use. Other support costs are allocated based on the spread of staff cosls. Cha17table activttles haritable expenditure comprises those costs incuffed by Ihe charity in the delNery of its actlvtlies and services for its beneficiaries. It includes both costs that can be all¢xated directly to such adivtties and those costs of an indirect nature necessary to support them. Support costs Support Costs are those that assist the work of the tharity but do not diredty represent tharitable 8rAivities and indude office costs, govemance ￿$1s. administrative payroll costs. They are inCu￿ed directly in support of expenditure on the objects of the charity. Where support Costs cannot be direcdy attributed to particular headings they have been allocated to cost of raising funds and expenditure on eharitable activities on a basis consistent th use ofthe resources. Taxation The chatty is consldered to pass the tests set out in Paragraph 1 Sthedule 6 of the Finance Act 2010 and therefore It meets Ihe definition t)f a Ghaiilable Gofflparky for UK Gorporatis)n tax purp05e¥. A¢¢ordingly, the charity is potentially exempt from laxation in resped of income or capttal gains recesved within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that suth income or gains are applied exdusively to charitable purposes. Tangible rued assets Tangible fixed assets are stated at Gost (or deemed cost) or valuation less accumulated depreaation and accumulated impaimient losses. Cost indudes cosls directly attributable to making the a55et capable of operating as intended. Depreclation and amortlsation Depreaation is provided on tangitle fwl assets so as to write off the cost or valuation. less any estimated residual value. over their expected useful economic Itfe as follows: Asset class Plant and machinery Fixtures and frttiThJs Depreciation method and rate 15% slraight line 15•/¢l Straight line Page 16 E.SkJn ID.. bbffeb91-aaeW2&b20d.b6o44e￿cdfG County Down Rural Community Network Notes to the Financial Statsments for the Year Ended 31 March 2025 Trade debtors Trade debtors are amounts due from customers for merthandise sold or services performed in the ordinary course of business. Trade deblors a￿ recognised initialty at the transaciTon price. They are subsequenty measured at amortised cost using the effective interest method, less provision for impaimenL A provision for the impaiThent ol trade debtors is established when there is objectÉve evidence that the charity will not be able to collecl all amounts due according to the onginal ierms of the receNatsles. Cash and cash equivalentg Cash and cash equivalents comprise cash on hand and call deposits. and other short-temi highly liquid investments that are readily Convertib￿ to a amount of cash and are subje(* to an insignificant rtsk of changè in value. Trade credltors Trade creditor5 are obligations to pay for goods or 58rvices that have been acquired in the ordinary course of business from suppliers. Accounts payabla ara classifi￿ as Cu￿ent liabilities rf the charity does not hav¢ gn unconditional right. at the end of the reporting period. to defer settlement of the creditor for at least Iwelve monlhs after the reporting date. If there is an uncondilional right to defer settlem&* for at least Iwelve months after the rèporting date. they are presented as no1￿CUrrent liabilities. Trade creditors are recogrM5ed initialty at the transaction Pri￿ arKI subsequenty measured at amortised cost using the effectNe interesl method. Fund strn¢ture Unreslri¢Xed income fijnds are general fijnds that are available for use at the trustees r the Year Ended 31 March 2025 The monthty average number of peT50ns Cinduding senior management I leadership team) employed by the charity during the year expressed as full time equivalents vras as follows: 2025 2024 No Total number of staff 17 17 The number of employees whose emoluments fell wtthin the follthving bands was.. 2025 No 2024 £60,001- £70,OCKI 10 Tangible fixed assets Fixtures and ffttings Plant and machlnory T¢)tal Cost At 1 April 2024 78.034 1,794 79,828 At 31 March 2025 78.034 1,794 79,828 Depreciation At 1 April 2024 Charge for the year 78.034 1.345 269 79.379 269 At 31 March 2025 78.034 1.614 79.648 Net book value At 31 March 2025 180 180 At 31 March 2024 449 449 11 Debtors 2025 2024 Trade debtors Accrued income other debtors 98.688 167.517 13,475 420 36 98,724 181,412 12 Cash and cash equivalents 2025 2024 Cash at bank 392.027 247.684 Page 21 E.*n ID: bbffeb91•e34421>b20d-b6044obdcdt6 County Down Rural Community Network Notes to the Financial Statements for the Year Ended 31 March 2025 13 Croditors: amounts falling duo wlthin one year 2025 2024 Trade creditors Other creditors A¢crua18 19.638 8.996 86.685 48.882 4.073 3.000 115,319 55,955 14 Funds Balance at 31 March 2025 Balance at 1 April 2024 Incoming resources Resources expended Transfers Unrestrictsd funds General General 332,349 97,503 (94.870) 7,988 342,970 Restrlcted funds ANDBC Hardship Fund Ards & North Dovm Bori)ugh Council The Heart Projed- Better Days Pain Management Big Lottery Community Development Health Network Communty Foundation Nl - Sheds for Life Choico Housing Association Clanmill Housing A$sociatii Clanrye Group Dundrum Action Plan DAERA- Li5bum, CastlEIEagh & Notth D(Mn DAERA Micro Capital Grant Scheme DAERA Newry, Moume & Down DFC Capital Grants Healthy Living Centre Alliance Newry, Moume & Down District Councll Public Heal]h Agency (Communty Health Development) SEHSCT (Multi Disciplinary Team) 341 (175) {166) 787 12.645 (12.645) (787) 2,000 113.025 (113.025) (12.609) 609 19.996 (13.036) 6.960 450 3.508 (3292) 17.650) (3.559) (1.216) 1.000 300 3.559 65.059 {81,2f*J1) 4.156 53,359 (53.359) 11.072 168,515 25.953 (172.915) {25,953) 6.672 2.81x1 (4,800) 1.C(12 51.209 (49.023) (2.028) 1,160 275.299 1275,208) 91 (132) 11.080 (4.317) (soo) 6,131 Page 22 E.Sign ID: bbff8b914ao3442b-b20d.b6044ebdcdt6 County Down Rural Community Network Notes to the Financial Statsments for the Year Ended 31 March 2025 Balance at 31 Mareh 2025 Balance at 1 Aprll 2024 Incoming resources Resources expended Transfers National Lottery Community Fund other funds Public Heahh Agenry (DFC Neighbourhood Renevrd Community Foundation Nl- The Mental Health Fund Community Developmert Health NetrNork- Elevate Programme 21,666 18.940 (21,666) (23.583) (3,900) 1.IXIO 26.250 {26.250) 39.022 (39,022) 6,250 Total restrictsd fund9 929,588 ,988 32,642 Total funds 373,590 1.026,480 1,024,458 375,612 15 Analy$ls of net ass•ts between fund¥ Unregtricted funds General Total funds at 31 March 2025 Re5trictsd funds Tangible tsed assets Current assets Current liabilities 345.79) (3.000 342.970 144,961 {112,319 32.642 490,751 115,319 375.612 Total net assets Unrestricted funds General Totsl funds at 31 March 2024 Restricted funds Tangible fixed assets Current assets Current liabilities 449 334,9CQ 3.OC(I) 449 429,096 55,955 94.196 (52.95 Total net a$$¢ts 332.349 41.241 373.590 16 Analysls of net funds At 31 March 2025 At 1 Aprfl 2024 Cash flow5 Cash at bank and in hand 247,684 144,343 392,027 Net debt 247.684 144.343 392,027 Page 23 Slgn ID: bbffeb91-8a$3442￿2O&b6o44ebdGdt6 County Down Rural Community Network Notes to the Financial Statements for the Year Ended 31 March 2025 Financing sh flows At 31 March 2024 At 1 Aprfl 2023 Cash at bank and in hand 441,159 193,474 247,685 Net debt 441,159 193.474 247,685 17 R•lat•d party transactlons There were no related party transactions in the year. 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