Heart of Down Rural SocRety Ltd
Company Limited by Guarantee
Annual Report for the
Year Ended 31$¢ July 2024
Reglslered No: N1663421

He4rt ofDown RuralSo¢iety Ltd
AnAuoI reportfor iheyear ended 31" July 2024
Contents
Company inforniation
Tn￿le¢s, Report
Report of th¢ independent examiner
ststement of financial activities
Balancc sh¢¢t
Notes to the accounts
8-12
Th¢ following schedules do not forni part of the audited statutory accounts
Detailed income and expenditure
14

Heart ofDown Ruralsociety Ltd
Annual reportfor theyear ended 31yI July 2024
Page I
Company information
Charity Najne;
Heart of Down Rural Society Ltd
Company Registration Number:
N1663421
Nl Charity Commission Registration Number:
NIC107064
HMRC Charlty Nnmber:
Registered office &lld
business address:
14 Ashburn
Ballynahinch
Co Down
BT24 8DQ
Ae¢ountants:
S.M. Vint & Company
Chartered C¢rtified Accountants
8 Newry Road
Banbridge
Co Down, BT32 3HN
Bankers..
Danske Bank
Don¢gall Square West
Belfast
BTI 6JS

Heart ofDown Ruralsoeiety Ltd
Annual reportfor iheyear ended 31SÉJuly 2024
Page 2
Heart of Down Rural Society Ltd
rt of the Trustees
For the Year Ended 31 July 2024
The Trustees present their report and financial statements for the year end 31" July 2024.
The Trustees who served during the year and up to the date of this report are listed as:.
TAW Crawford
B Douglas
DW Ross
PJ Tate
Objectives & Activities
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 community 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 improving the
conditions of life for the benefit of the inhabitants and in particular to:
a) 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 conditions of life for the said inhabitants-
bl to support community development, social inclusion and well-being activities and to work with
partners to support and improve the conditions of the inhabitants in rural life;
c) to promote or assist in the promotion, facilitation and organisation of community capacity
building programme and projects for the benefit of the inhabitants Wlthin the area of benefit who
have need of such assistance as a result of their youth, age, disability or infirmity, or social and
economic circumstances, in an effort to increase the abilities, skills and self-confidence of such
inhabitants.

HeArt nfDown Rural Society L
Annual reportfor iheyear ended 3131 July 2024
Page 3
d) 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 Flnances
The income for the year to 31, July 2024 was £7,075.
Government 8rants 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 consider they have complied with their respective dutie5 to have due regard to the
guidance on public benefit as published by the Charity Commission for Northern Ireland.
Statement of Trustee's responsibilities
The Trustees are responsible for preparing the annual report and the financial statements 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 m05t 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 have prepared the financial statements.
The Trustees confirm that they have complied with the above requirements in preparing the
financial statements.
The trustees are responsible for keeping proper accounting records which disclose with reasonable
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 21J)6.
The Trustees are also responsible for safeguarding the a55ets of the Company and hence for taking
reasonable steps for the prevention and detection of fraud or other irregularities. Policies are also in
place for such issues.
Approved by the Trustees
Chairperson
Date:
2£ 20

Heart ofDown Rurol Soeiety Ltd
Annual reportfor the yeor ended 3131 July 2024
Page 4
Independent Examiner's Report to the Trustees of
Heart of Down Rural Society Ltd
I report on the accounts of the charity for the year ended 31 st July 2024 which are set out on pages 6
to 14.
Respective responsibilities of Trustees and Examiner
As the charity's trustees (who are also ihe directors of the company for the purposes of company law)
you aff responsible for the preparation of the accounts in accordance with the requirements of the
Companies Act 2006.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for
independent Cxamination, it is my responsibility to:
' examine the accounts under section 65 of the Charities Act"
. to follow the procedures laid down in the general Directions given by the Charity Commission for
Northern freland under section 65(9)(b) of the Charities Act. and
. to state whether particular matters have come to my attention.
Basis of Independent Examiner's report
I have examined your ch￿ltY accounts as required under section 65 of the Charities Act and my
examination was carried out in accordance with the general Directions given by the Charity
Commission for Northern Ireland under section 65(9) of the Charities Act. The examination included
a rcview of the accounting records kept by the charity and a comparison of the accounts presented
with those records. It also included consideration of any unusual items or disclosures in the accounts
and seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to
believe:
l. That accounting records were not kept as required by section 63 of Ikle Charities Act
2. That the accounts do not accord with thos¢ accounting records
3. That the accowits do not comply with the accounting requirements of the Charities Act
4. That there is further inforniation needed for a proper understanding of the accounts to be reached.

Heart ofDown Rural Society Ltd
Annual reportfor theyear ended 31#July 2024
Page 5
Independent examiner's qualified ststement
I have completed my examination and have no concerns in respect of the matters (l) to {4} listed
above and, in connection with following the Directions of the Charity Con)mission for Northern
Irelan￿ I have found no matters that require drawing to your attention.
Thomas Vint FCCA
For and on behalf of SJ¥I. Vint & Co
Chartered Certlfied Aceountants & Registered Auditors
8 Newry Road
Banbridge
BT32 3HN
Date:

Heart ofDown Ruralsociety Lld
Annual reportfor theyeor ended 3151 July 2024
Page 6
Statement of Financial Activities
Note Unrestrleted Restricted
funds
funds
Total
2024
Total
2023
Incoming resource5
Donations and legacies
Charitsble activities
1,755
5,320
1,755
SJ20
1,679
7,533
Totsl ineomfing resources
7,075
7,075
9,212
Resources expended
Direct charitsble expenditure
Govemance costs
9,559
560
9J59
560
9,632
Total resourees expended
10,119
10,119
10,216
Net movement in funds
(3,044)
(3,044)
{1,004)
Reconcillatlon of movement in funds
Fund balances at 1st August 2023
Net movement in funds for the year
(8,463)
(3,044)
(8,463)
(3,044)
(7,459)
(1,004)
Fund balances at 31 July 2024
(11,507)
(11,507)
{8,463)
All amounts above relate to th¢ continuing operations of the company.
Thc company Iw no recognised gains and losses other than those included above and therefore no
separate statement of total recognised gains and losses has been presented.
Ther¢ is no difference between the net rnovemcnt in funds for the y¢ar stated above, and thcir
historical cost equivalents.

Héart ofDown Rural Society Lid
Annual reportfor Iheyear ended 31&1 July 2024
Page 7
Statement of Financial Position (Balance sheet)
Notes
2024
2023
Fixed assets
208,279
216,455
Current assets
Debtors
Cash at bank and in hand:
Bank a￿O￿lll
Petty rash
10
119
38
346
2,103
465
2,141
Creditors: amounts faIling due within one year
(66,091)
(67,071)
Net current assets
(65,626)
(64,930)
Creditors: amounts falling du¢ after more than one year
12
(154,160) (159,988)
Net assets
(11,SOT)
(8,463)
Funds employed
Unrestricted funds
Restricted funds
(11,507)
(8,463)
(11507)
(8,463)
Approved by the board and signed on its behalf by:
Treasurer
Date:zs Is12£
Registration number N1663421

Heart ofDown Rural Society Ltd
Annual reportfor theyear ended 31Jl July 2024
Page 8
Notes to the accounts
Accounting policies
Basis of accounling
The ac¢ounts have be¢n prepared under the historical cost convention and in accordance with 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland" FRS 102, the Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to charities accounts in
the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and the Charities Act (Northern
Ireland) 2008.
Income
All incoming resources are recognised in the Statement of Financial Activities when the conditions
for receipt have been met and there is reasonable assurance of receipt. When an incoming resource
relating to a future accounting period is receive4 the amount is treated as deferred income and it is
included within creditors in the balance sheet.
Funds
Heart of Down Rural Society Ltd has various types of funds for which it is responsible and which
requir¢ separate disclosure. These are as follows:
restricted income funds: income which is eannarkcd by the donor for specific
purposes. Such pu￿OseS are within the overall aims of the organisation; and
unrestricted ￿nds. funds which are expendable at the discretion of the management
board in furtherance of the objects of the organisation, In addition to expenditure on
education or services, such funds may be held in order to finance capital investment
and working capital.
Cosls
Management and administration costs relate to the costs of rut]ning the organisation such as the costs
of meetings and accountancy and include any costs which cannot be specifically identified to another
expenditure classification.
Depreciation
Depreciation is calculated to write off the original cost less the estitnated residual value of the r￿ed
assets on a strnight line basis over their expected useful lives, as follows:
Freehold Property
Fixtures & fittings
Straight line over 30 years
200/0 on reducing balance

Heart ofDown Rural Society Lid
Annual reporifor theyear ended Sljl July 2024
PAge 9
Notes to the accounts (cont'd)
Income from Donations and Legacies
Unrestricted
funds
Restricted
funds
Total
2024
Totsl
2023
Incoming resources
Donations
1,755
1,755
1,679
Total ineoming resourees
1,755
1,755
1,679
IDcome from Charitable Activities
Unrestrlcted
funds
Re$trlcted
funds
Total
2024
Total
2023
Incoming resources
Release Government Grants
5,320
5J20
7,533
Total incoming resour¢e$
5,320
5,320
7,533

Heart ofDown Rurolsoeiety Ltd
Annual reportfor theyeor ended 31Sf July 2024
Page 10
Notes to the accounts (cont'd)
Analysis of Direct Charitable Expenditsre
Unrestricted Reslricted
funds
funds
Total
2024
Tolal
2023
Direct charRt¥bl¢ expenditure
Rates
Insurance
Light & H¢at
Water Rates
Event Expenses
Equipment
Telephone
Post and Stationery
Repairs and Renewals
Household & Cleaning
Sundry Exp¢n8L8
Subscriptions
Donations
Legal and Professional Fees
Bank Charges
Loan Interest
Depreciation on Freehold Property
Depreciation on fLXtures and fittings
Total direet eharltable expeDdlture
978
978
924
144
45
45
144
180
loo
180
loo
117
77
74
74
7,976
200
9,559
7,976
200
9,559
7,976
250
9,632
The average number of employees during the year was nil.
Analysis of Governance Cost Expenditure
Unrestrlcted Restrlcted
funds
funds
Total
2024
Total
2023
Governance cost5
Accountancy
Audit
General expenses
AGM expenses
Total management alld administration
560
560
560
560
584
Remuneration
Total remuneration paid to the board members during the year was £0 (2023 £0). Expenges paid to
board members during the year amount¢d to £0 {2023 £0).

Hearl ofDown Rural Society Lid
Ann4ol reportfor iheyear ended 31#July 2024
Page 11
Notes to the accounts (cont'd)
Net movement fin fund5
2024
2023
Net movement In funds is stated after chargillW(eredlting):
Auditors, rethuneration
audit services
Depreciation on tangible fixed a￿ts
560
8,176
584
8,226
Taxation
No provision for taxation is required as the organisation has charitable status approved by the Inland
Revenue.
Fixed assets
Freehold
Fixtures
property & Fittings
Total
Cost
At ISI August 2023
Additions
239,268
1,250 240,518
Disy08als
At 31" July 2024
239,268
1,250 240,518
Aeeumulated depreeiation
At 1st August 2023
Charge for the year
Disposals
At 31° July 2024
23,813
7,976
250 24,063
200
8,176
31,789
450 32,239
Net book value
Al 31" July 2023
At 3151 July 2024
215,455
207,479
1,000 216,455
800 208,279
10. Debtors
2024
2023
Vat Account
119
38
119
38

Hearl ofDown Rural Society Lld
Annual reportfor theyeor ended 313t July 2024
Page 12
Notes to the accounts (cont'd)
I l. Creditors: amounts falling due within one year
2024
2023
Trade Creditors
Accruals
Loans
216
375
65,500
66,091
221
350
66,51K)
67.071
12. Creditors: amounts falling due after MO￿ than one
ycar
2024
2023
Deferred governrnent granL8
154,160
154,1611
159,988
159,988
13. Guarantors
Heart of Down Rural Society Ltd is a company limited by guarantee and it does not have share
capital. Every member of thc society undertakes to contribute to the assets of the society, in thc cvcnt
of the samc being wound up while he is a member, or within one year after he ceases to be a member,
for payment of the debts and liabilities of the society contracted before he ceases to bc a member and
of the costs, charges and expenses of winding up and for the adjustment of the rights of ihe
contributories among themselves, such amount as may be required not exceeding £1.

Hearl ofDown Rural Soeiety Lld
Annual reportfor the year ended 3151 July 2024
Page 13
The following schedules do not form
part of the audited statutory accounts
of the company

Heart ofDown Ruralsoeiety Ltd
Annual reportfor Iheyear ended 31#July 2024
Pagé 14
DetaAled Statement of Financial Activities
Unrestricted
funds
Reslrieted
funds
Totsl
2024
Total
2023
Income
Donations
Release of Government Grants
Total income
1,755
5,320
7,075
1,755
SJ20
7,075
1,679
7,533
9,212
Direct charltable expenditure
Rates
Insurance
Light & Heat
Water Rates
Event Expenses
Equipnlent
Telephone
Post and Stationery
Improvements to Propety
Rq)airs and Renewals
Household & Cleaning
Sundry expenses
Subscriptions
Donations
L¢gal and Professional Fees
Bank Charges
Loan Interest
Depreciation on Freehold Property
Depreciation on fjxtures and fittings
Total direct eharitable expenditure
978
978
924
144
45
45
144
180
loo
180
loo
117
77
74
74
7,976
200
9,559
7,976
200
9A59
7,976
250
9,632
Governance Costs
Accountancy
Audit
Total management and administratfion
560
560
560
560
584
Total resource expended
10,119
10,119
10216
Net movement on funds
(3,044)
(3,044)
(1,004)