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 Done￿3]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 t￿￿te¢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 C￿ed 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 h56 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)