Heart of Down Rural Society Ltd Company Limited by Guarantee Annual Report for the year ended 31" July 2023 Registered No: N1663421
Hearl of Down Rurnl SocEety Ijd Aiinual reporlfor the J'ear endfd 31" July 2023 Contents Page (s) Company inforn)aiion TrusteLS' Repofl Report uf the independent examiner Siatefflcnt of financial achviLie% Balance sheet Notes to the accounts 8 12 The followÉng schedllle% do noi forni part nf the audited staruiory accounis Detailed income and expenditure 14
Heart ofDown Riirol Soeie¢y Lid Annual rvportfor theyear ended 31" July 2023 Page I Company information Charity Name: Hean of Down Rural Swiery Lid Company Registration Number: N1663421 Nl Charity Cummission Rexistralion Number- NJC107064 HMRC Charitv Number: Regi.stered office and business address: 14 AshbuTn IlallylldhiTrLh Dom'n BT24 8DQ Aceountants: S.M. Vint & CuTnPdn) Chartered Certified AccounthnL 8 NLWry Road Bdnbridgc Co Down, BT.32 3HN Bankers". Danske Bank Done3]1 Square West Belfisi BTI 6JS
Heart off Down Riiral Society Ltd Annual reporlfor the year ended 31" July 2023 Page 2 Heart of Down Rural Society Ltd Re rt of the Trustee5 For the Year Ended 31 July 2023 The Trustees present their report and financial Statements for the year end 31" July 2023. The Trustees who served during the year and up to the date of this report are listed as-_ TAW Crawford B Dougla5 DW Ross PJ Tate Objectives & Activitie5 Heart of Down Rural Society Ltd aims to provide for community development work within the local neighbourhood. The Committee are providing. maintaining and managing a rural Hall facility to ensure local community organisations have adequate, modern and sufficient facilities to meet the respective needs of each organisation to help ensure active commufjity participation. The Committee also hope to organise lectures, classes, meetings and community fundraising events and other forms of leisure-time and recreational and educational development. The objectives are specifically restricted to the advancement of community development, the advancement of education, the relief of poverty, Sickness and the aged and the promotion of the benefit of the inhabitants of the Spa area and its environs in County Down, without distinction of age, gender, disability, sexual orientation, nationality. ethnic identity, political or religious opinion, by associating the statutory authorities. community and voluntary organisations and the inhabitants in a common effort to provide facilities in the interests of social welfare for recreation or other leisure-time occupation, with the object of fostering a community spirit and improvinE the conditions of life for the benefit of the inhabitants and in particular to= al The Provision, maintenance and management of a community educational resource hall facility for the use of the inhabitants for activities promoted or facilitated by the Company including use for meetings, lectures, classes and other forms of recreational and leisure-time occupation with the object of improving the condition5 of life for the said inhabitants= bl to support community development. social inclusion and well-being activities and to work with partner5 to support and improve the conditions of the inhabitants in rural life,. cl to promote or assist in the promotion. facilitation and organisation of community capacity building programme and project5 for the benefit of the inhabitants Wlthin the area of benefit who have need of SLJch assistance as a result of their youth. age. disability or infirmity, or SOCIBI and economic circumstances. in an effort to increase the abilities, skills and self-confidence of such inhabitarbts-
Ileart of Down Rurnl Society lid Annual reportfor the vear ended 3J" July 2023 Page 3 dl to advance any other exclusively charitable purpose as the Directors, may from time to time, decide in accordance with the law of charity. Review of Finances The income for the yearto 31" July 2023 was £9.212. Government grants were obtained from". Co-operation Ireland DAERA Newry, Mourne & Down District Council To all these funders. Heart of Down Rural Society Ltd are most grateful. Public Benefit Statements The Trustees considerthey have Complied with their respective duties to have due regard to the guidance on public benefit as published by the Charity Commission for Northern Ireland. Statement of Trustee's responsibilitie5 The Trustees are responsible for preparing the annual report and the financial statement5 in accordance with the applicable law and United Kingdom accounting standards. Company Law requires the Trustees to prepare financial statements for each financial period to provide a true and fair view of the affairs of the company for that period. In preparing the financial statements, the trustees are required to= Make estimates that are reasonable and prudent Select most appropriate accounting policies and apply in a consistent format Clarify that applicable accounting standards have been followed and further explained in the financial statements and h3ve prepared the financial statements. The Trustees confirm that they have complied wtth the above requirements in preparing the financi31 statements. The trustees are responsible for keeping proper accounting records which disclose with re3sonable accuracy at any time. the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the Company and hence for taking reasonable step5 for the prevention and detection of fraud or other irregularities. Policies are also in place for such issues. Approved by the Trustees Chairperson 3" May 2024
Heart of Down Rural Society Aniiudl reportfor the year ended 31" July 2023 Page 4 Independent E.Kaminer's Report to the Trustees of Heart of Down Rural Society Ltd I report on th¢ accounts of the chariiy for the year ended 3 Isi July 2023 which are set oul on paoe£ 6 to 14. Respective respoLsibilities of Trustees and Examiner As the charityi'5 tte¢S (who also the directors ol" Ihe company for the purposcs of company law) you are responsible t-or the preparation of Ihe accounts in accordance with the requirements of Ihe Companies Act 2006. Having satistied myselt that the charity is not subject to audki under cornpany law and is eligible for independent examinatton. it is my responsibiltry to-. examine the accounts under section 65 of the Charities Actr. lo folloM' the proLedures laid down in Ihe general Directions given by ihe Charity Collllnission for Northem Sreland under.4eciion 65(9){b) of the Charities Act- and • to %tatc whether particul¢ maticrg have come EO my attention. Basis of Independent Examiner's report I have examined your ch( ity ilCLounts as required under section 65 of the Charities Act and Iny examination was Ced out in accordance wilh (he general Direclkons giiien by the Charity Commission for Northern Ireland under section 65(9) of the Charities Act. The examination included a review of the accounting recoids kept by the charity and a COTnpari50n of the accounls presented with lho.se iecoids. It dlso inLluded consideration of <Y unusual iteFn5 or di%closuies in the accounLS Ind seeking explanations fiom you as chariiy trustees concetnino any such mailers. My role i% to slate whether tnateTiiil Tn&ilters h¢ive coTne Io rny (Ittention giTring Tne cause lo believe.. l. Th(It accounllng recoid.s were Dot kepl as required by seciion 63 of the Charities Act 2. That the accounts do noi accord with iho%e accountingv records 3. That the accounLS dn not comply with the accounting requirements of the Charitie% Act 4. That there is funher infonnation needed for a proper understandino ol the dCC(Junt% to be reached.
Heart ofDowii Riirol Society Annual reportfor Éhe year ended 31" July 2023 Page 5 Independent examiner's qualified statement I have completed my examinalion 4ind have no concerns in respect of the matiers (l) to (4) listed above and, In connection with following the DirectioF)% of the Charity Commission for Nurthern Ireland, I have found no fflatteis Ihat require diawino to your attention. Thomas Vint FCCA For and on behalf of S.M. ViDt & Co Chartered Certified Accountants & Registered Auditors 8 Newr), R02d Banbridge BT32 .IHN 3" May 2024
Heart of Down Rural Society ljd Aniiual Teportfor theyear ended 31" July 2023 Page 6 Statement of Financial Activities Nots Unrestricted Restrided funds lunds Tolal 2023 Total 2029 Incoming rewurces Dunation.% and legacies C.hdriÈable acti iiies 1.679 7.533 1,679 7,533 9,556 Total incorning resourees 9.212 9212 10.908 Resources expended Direct charitable expen(lilure (yovemanLe costs 9,632 584 12.562 250 584 Total resourc.£4 expended 10.216 10216 12.812 Yet movement in fund5 { l.O(J4) 11,004) (1,904) Reconciliation of movemeDt in funds Fuiid bdltinLes ai l. Augusi 2022 Nei moijemcnt in funds foi the yLar (7.459) (I,o(M) {7,459) (1,004) {5..5.551 (1.9041 Fund balances al 31" July 2(123 18.463) {8,463) {7,459J All amounts above relate to the conlinuing opcraiions of the company. The company h<lS no recooni.sed gains and lo.sses other than those included &ibove and therefore no separate staleTnent of total cognISed gains and losses has been presented. There is no difference beiween the Thet Jnovement in funds for Ihe yeat %tated above, and their historicJl Loql equivalent%.
Htart ofDown Rurnl Society lJd Apinual reporifor ihe vear ended 31" July 2023 Page 7 Statement of Financial Position (Balance sheet) Notes 2023 2022 Fixed a&sets 216,455 223.431 Current assets Debtors Cash ai bank- and im hand: Bank. accouni Petty cash 10 38 113 2,103 1,612 2,141 11.725 Creditors: amounts falling due within one year (67,071) (76.799) Net current assets (64,930) (65,074) Creditors: amounts falling due after than one y& 12 (159,988) (165.816) Net assets (8,463) (7.459) Funds employed Unre.%triLie(I fund% ResttiLled fund% (8,463) (7,459) {8,4631 {7,459J Approved by the board and sigThed on its half by: Tre&surer 3° May 2024 Registration number N1663421
Heart of Down Rural Society ljd Aniiual reportfor ihe year ended 31." July 2023 Page 8 Notes to the accounts Accounting policies Basis of accounting The accounls have been prep(Ired under ihe hi%torical cost coni'ention and in accordance 11th "The Financial Reporting Standard applicable in the UK and Republic of Ircland-' FRS 102, the Accounting and Reportin<F by C.h2ri1ies-. Statefflent of Recommended PrdcIiLe (Ipplicable to charities accounts in the UK and Republic of Ireland (FRS 102). the Companies Act 2000 dnd the Chariiies Act (Northetn Ireland) 2W8. Jiicome All incomTng resources are recognised in the Stdlelnent ()f Financial Ac11ltieS when the cor]dilions for receipt have been met and there is reasonable &ssuranLe of recetpl. When an incoming resource rel(itintr to a future accounling period is receii""ed, (he amount is Irealed as defeiTed income and il is included within LTeditors in the balance sheet. Fund.f Heart of Down Rural Socieiv Lid h&s variou% types of funds for which il is responsible and which requiie separate disclosure. These are as follows: re5uicied ittcomc lunds.. inLome which is earniarked by the donor for qpeeific purpoqes. Such purposes are within the overall aim5 of the organisation. and unreslricted funds: funds which arc expendable al the discretion of the management board in furthernnce of the objects of the oroanisation. In addition to expenditure on eduLation or service%, such funds ma), be held in order (o finance Lapital investmeni and workiiig capital. Cosls Managcnient (Ind (IdtrJini.stration cD.sts relate to ihe co.gis of ruttning ihe organi%aLion such as the cost of meeiing% and accountancv <ind include any co%t% which cannot be specitically identified to another expenditure cl<is%ificalion. Depreciation Depreciation 1% calculaled to wriie off the origiiial co.st le%% the estimated residual value of the fixed asseis on a siraiohi line basi.% over their expectcd useful livvs, as follow5- Fi'eehold Property Fixiures &. fittinTrs Str<iight line over 30 fvears 20% on reducing balance
Heart of Down Rurttl Society tjd ARFtual reportfor ilie year elided 31 July 2023 Page 9 INotes to the accounts (cont'd) Income from Donations and Ikgacies tinre%tricled funds Restricted funds Total 20?3 Tolai Incoming resource Donations 1.679 1.679 ,359 Total incomiug resources 1,679 1,679 1,352 Income from Charitable Activities Unrestricted funds Res'lrieted funds Total 2023 Ineoming resources Rele&se Governinent Grant 7.533 7533 3.198 Total incoming resources 7.533 7,)33 3.198
Heart of Down Rural Sociely Annual reporllor the year ended 31" July 2023 Pt7ge 10 Notes to the accounts (cont'd) Analysis of Direct Charilable ExpeDditure unre.stricted Re.stricted funds Total 2023 Total 2022 Direct charitable expenditure Insurance Light & Heat Water Rate8 Eveni Expense Equipment Telephone Pi).%t and .Staiionery Repairs and Renewals Hotsschold & Cleaning Sundr}, Expenses SubsLriPtions Donations Lcgal aiid Profe%sinnal Fees BTrk Charges Loan Intere81 DepreLsaiion on Freehold Prope Depreciation OTb fixlures and rtiting Total direct charitable espeDdithTe 1,094 .473 924 924 144 144 i.oso 144 144 199 Il7 77 117 77 663 77 7.976 250 9,632 7,976 25 9,632 7.976 12,562 The aver<pe nufflber of etnpluyees durin¢r Ihe year ivas nil. Allalysis of Governance Cosl Expenditure Unrestricted funfLs Restricted funds Total 2023 Total Guverndnee costs ALLouiiiaiicy Audit GLneral expcn.scs AGM cxpenses Total managenient and administration 250 5114 250 Remuneration Total retnuneraliun Paid to the b0d members dunno Ibe year was £0 (2022 £0). Expenses paid to bo<ird members during the year amounted 10 £0 (2022 £0).
Hearl oJDown Rural Soeiely ljd Aiiirual reportfor ilie yÉar ended 3]." July 2023 Page Il otes to the accounts (cont'd) Net movement ill fun$ 2023 2022 Net rnoyement in fun(Ls is staled after chargin(CredItIng)- Auditors remuncralion audit service.s Deprcclaiion on tdnglble fixed assets 584 8,226 250 7.976 Taxation No provision for laxalion is required ihe organisatinn has charitable status iipproN'¢d by the Inland Revenue. Fixed &&sets Freehfild prnperty Totsl Cost Ai i%T Auuu%l 2021 Addiiion 239.268 235.832 3.436 Disposal At 31" July 2022 240.518 ?39.268 Accumulated depreciatiou Ai l Augus1 ?021 Charge far the year 15.837 8.226 7.861 7.976 At 315¢ July 2022 24.063 15.837 Net book value Ai 31 ' July ?022 At 31. July ?021 216,455 223,431 2?3,431 227.971 10. Debtor5 2022 2021 Vat Account 38 113 38 113
Heart of Down Riirol society lid Aniiual reportfor ihe )ear £nded 31" July 2023 Page 12 Notes to the accounts (cont'd) 11. Creditors: amounts falling due within onc year 2023 ?U22 Tri2de Ciedilors ALLrui)Is Loans 220 300 -300 76.500 76.800 67,020 12. Creditors: dllnounts falling due after more than one year 2023 2022 Deterred govemmeni granis 159,9¥¥ 159,988 165,816 105.810 13. Guarantors Heart of Down Rural SoLiely Lid is a company limiied by guarantee and it doe% not have sliare Cdpilal. Every member of the socieiy undertakes to contribuie lo ihe as%e(s of the SOLiety. in the ewenl nf the same being wound up while he 1% a membei, or ivithsn one y¢ar aficr he ceases to be a niember, for paymenl of the debis and liabiliiie.s of Ihe s(le[Y contracted before he ceases to l a meinber and of Ihe cosis, charge% and expenses of windino up (ind for the adJu£lment of the right8 ol the Lvnttibulorie.s amonfp Ihein%elve.s. such amount &s may be required nol exceeding £1.
Heart of Dowii Riiral Society Lid Aiiiiual reporifor ihe year ended 31°, July 2023 Page 13 The following schedules do not form part of the audited statutory accounts of the company
Hedrt of Down RuToI Society ljd Aiinual reportfor ihe year ended 31" Jul) 2023 Page 14 Detailed Statement of Financial Activitios Unrestricted Reslrieted fund5 funds Total 2023 Total Income Doiiations Release of Governmcni GraAIs Total infome 1,352 9,>56 111,908 3.198 3,198 10.908 Direct charitable expeThditure Rdte.s In&urance Li(Fht & Heat Water Rates Event Expenses Equipmeni Telephone Posi and Siationery Impruvcinet)14 tn Property Repairs and Renewals Houschold & Cleaning Sundry e.xpeiise8 Sub%LriPtions Donations Legal and Prolc%sional Fees Bank Ch4irges Loan Intere%t Dcpreciation on Freehold Property Depreciation on fixlurcs and fittings Total direct charitable expenditure 1.094 1,094 1,473 226 (22.5) 7.976 1.080 7,976 1,080 7.861 199 199 23 250 663 77 77 12.56? 12,562 8.153 Governgnce costs Accountancy Audit Total maoagement and administratio 250 250 o( 250 250 Totsl resource cxpcnded Net movement on funds (1.9(H) (I,Y04J (5.555)