Heart of Down Rural Society Ltd Company Limited by Guarantee
Annual Report for the Year Ended 31* July 2025
Registered No: NI663421
Heart ofDown Rural Society Lid Annual reportfor the year ended 31° July 2025
Contents
Page (s)
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|---|---|---|---|
|1|
|Company|information|
|2-3|
|Trustees’|Report|
|4-5|
|Report of the independent examiner|
|6|
|Statement of financial|activities|
|7|
|Balance|sheet|
|§-12|
|Notes|to|the|accounts|
|The following schedules do not form part of|the audited statutory accounts|
|14|
|Detailed income|and expenditure|
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ee
Heart ofDown Rural Society Lid Annual reportfor the year ended 31" July 2025
Page 1
Company information
Charity Name: Heart of Down Rural Society Ltd
Company Registration Number: NI663421 NI Charity Commission Registration Number: =NIC107064
HMRC Charity Number:
Registered office and business address: 14 Ashburn Ballynahinch Co Down BT24 8DQ Accountants: S.M. Vint & Company Chartered Certified Accountants 8 Newry Road Banbridge Co Down, BT32 3HN Bankers: Danske Bank Donegall Square West Belfast BT1 63S
Heart ofDown Rural Society Ltd Annual reportfor the year ended 31° July 2025
Page2
Heart of Down Rural Society Ltd
Report of the Trustees
For the Year Ended 31 July 2025
The Trustees present their report and financial statements for the year end 31° July 2025.
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:
b) 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 within 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 seif-confidence of such inhabitants;
Heart ofDown Rural Society Ltd Aunual reportfor the year ended 31° July 2025
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 Finances
The income for the year to 31 July 2025 was £10,083.
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 consider they 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 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:
-
e Make estimates that are reasonable and prudent
-
e Select most appropriate accounting policies and apply in a consistent format e = 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 2006.
The Trustees are also responsible for safeguarding the assets 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: Disctihdl?35/ ,— »/ MbA/
Heart ofDown Rural Society Ltd Annual reportfor the year ended 31° July 2025
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 31st July 2025 which are set out on pages 6 to 14.
Respective responsibilities of Trustees and Examiner
As the charity’s trustees (who are also the directors of the company for the purposes of company law) you are 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 examination, 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 Ireland 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 charity 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 review 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:
-
That accounting records were not kept as required by section 63 of the Charities Act
-
That the accounts do not accord with those accounting records
-
That the accounts do not comply with the accounting requirements of the Charities Act
-
That there is further information needed for a proper understanding of the accounts to be reached.
Heart ofDown Rural Society Ltd Annual reportfor the year ended 31° July 2025
Page 5
Independent examiner's qualified statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.
Thomas Vint FCCA
For and on behalf of S.M. Vint & Co Chartered Certified Accountants & Registered Auditors
8 Newry Road Banbridge BT32 3HN
Date: S/-3- Zé
Heart ofDown Rural Society Lid Annual reportfor the year ended 31" July 2025
Page 6
Statement of Financial Activities
| Note | Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|---|
| funds | funds | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Incoming resources | |||||
| Donations and legacies | 2 | 4,255 | - | 4,255 | 1,755 |
| Charitable activities | 3 | 5,828 | - | 5,828 | 5,320 |
| Total incoming resources | 10,083 | - | 10,083 | 7,075 | |
| Resources expended | |||||
| Direct charitable expenditure | 4 | 9,790 | - | 9,790 | 9,559 |
| Governance costs | 5 | 565 | - | 565 | 560 |
| Total] resources expended | 10,355 | - | 10,355 | 10,119 | |
| Net movement in funds | (272) | - | (272) | (3,044) | |
| Reconciliation ofmovement in funds | |||||
| Fund balances at 15! August2023 | (11,507) | - | (11,507) | (8,463) | |
| Netmovement in funds for the year | (272) | - | (272) | (3,044) | |
| Fundbalancesat31July2024 | (11,779) | - | (11,779) | (11,507) |
All amounts above relate to the continuing operations of the company.
The company has no recognised gains and losses other than those included above and therefore no separate statement of total recognised gains and losses has been presented.
There is no difference between the net movement in funds for the year stated above, and their historical cost equivalents.
Heart ofDown Rural Society Ltd Annual reportfor the year ended 31° July 2025
Page 7
| Statement ofFinancial Position (Balance sheet) | |||
|---|---|---|---|
| Notes | 2025 | 2024 | |
| £ | £ | ||
| Fixed assets | 9 | 200,144 | 208,279 |
| Current assets | |||
| Debtors | 10 | 112 | 119 |
| Cash at bank and in hand: | |||
| Bank account | 1,217 | 346 | |
| Petty cash | |||
| 1,329 | 465 | ||
| Creditors: amounts falling due withinoneyear | 11 | (64,920) | (66,091) |
| Net current Liabilities | (63,591) | (65,626) | |
| Creditors: amounts falling due after more than one year | 12 | (148,332) | (154,160) |
| Net Liabilities | (11,779) | (11,507) | |
| Funds employed | |||
| Unrestricted funds | (11,779) | (11,507) | |
| Restricted funds | - | - | |
| (11,779) | (11,507) |
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Approved by the board and siey its behalf by:
Treasurer
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Date: 3 \~ 3 _ 2°26
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Registration number NI663421
Heart ofDown Rural Society Ltd Annual reportfor the year ended 31" July 2025
Page 8
Notes to the accounts
1. Accounting policies
Basis ofaccounting
The accounts have been 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 received, 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 require separate disclosure. These are as follows:
-
4 restricted income funds: income which is earmarked by the donor for specific purposes. Such purposes are within the overall aims of the organisation; and
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- unrestricted funds: 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.
Costs
Management and administration costs relate to the costs of running 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 estimated residual value of the fixed assets on a straight line basis over their expected useful lives, as follows:
Freehold Property Straight line over 30 years Fixtures & fittings 20% on reducing balance
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Heart ofDown Rural Society Lid
Annual reportfor the year ended 31" July 2025
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Page 9
Notes to the accounts (cont’d)
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|---|---|---|---|---|
|2.|Income from Donations and Legacies|
|Unrestricted|Restricted|Total|Total|
|funds|funds|2025|2024|
|£|£|£|£|
|Incoming|resources|
|Donations|4,255|-|4,255|1,755|
|To|
|Total incoming resources|4,255|-|4,255|1,755|
|5S|prreennnt|
|3.|Income from|Charitable Activities|
|Unrestricted|Restricted|Total|Total|
|funds|funds|2025|2024|
|£|£|£|£|
|Incoming|resources|
|Release Government Grants|5,828|-|5,828|$,320|
|Total incoming resources|5,828|-|5,828|5,320|
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Heart ofDown Rural Society Ltd Annual reportfor the year ended 31°July 2025
Page 10
Notes to the accounts (cont’d)
- Analysis of Direct Charitable Expenditure
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|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Total|
|funds|funds|2025|2024|
|£|£|£|£|
|Direct|charitable|expenditure|-|-|-|-|
|Rates|-|-|-|-|
|InsuranceLight & Heat|940-|-|940-|978-|
|Water|Rates|-|-|-|-|
|Event Expenses|-|-|-|-|
|Equipment|-|-|-|-|
|Telephone|-|-|-|6|
|Post|and|Stationery|
|RepairsHouseholdSundry Expenses and Renewals &|Cleaning|2152-|---|2152-|45--|
|Subscriptions|180|-|180|180|
|Donations|220|--|220-|100-|
|Legal|and Professional Fees|-|
|BankLoanDepreciation ChargesInterest on Freehold Property|7,97697-|---|7,97697-|7,97674-|
|Depreciation on fixtures and|fittings|160|-|160|200|
|Total direct charitable|expenditure|9,790|-|9,790|9,559|
|The|average number ofemployees|during the year was nil.|
|5.|Analysis|of Governance Cost Expenditure|
|Unrestricted|Restricted|Total|Total|
|funds|funds|2025|2024|
|£|£|£|£|
|AccountancyGovernance|costs|565|-|565|560|
|Audit|
|AGMGeneralTotal managementexpensesexpenses|and administration|ee|ee565|:|565ee|560__|
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- Remuneration Total remuneration paid to the board members during the year was £0 (2024 £0). Expenses paid to board members during the year amounted to £0 (2024 £0).
Heart ofDown Rural Society Ltd Annual reportfor the year ended 31" July 2025
Page 11
Notes to the accounts (cont’d)
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|---|---|---|---|---|---|---|---|
|7.|Net|movement|in|funds|
|2025|2024|
|£|£|
|Net|movement|in|funds|is|stated|after|charging/(crediting):|
|Auditors’|remuneration|
|audit|services|565|560|
|Depreciation on|tangible|fixed|assets|8,135|8,176|
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8. Taxation
No provision for taxation is required as the organisation has charitable status approved by the Inland Revenue.
9, Fixed assets
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|---|---|---|---|---|---|
|Freehold|—_—‘Fixtures|Total|
|property|&|Fittings|
|£|£|
|Cost|
|At|15 August|2024|239,268|1,250|240,518|
|Additions|-|-|-|
|Disposals|-|nn|
|At 31% July|2025|239,268|1,250|240,518|
|Accumulated|depreciation|
|At|1% August 2024|31,789|450|32,239|
|Charge|for|the year|7,975|160|8,135|
|Disposals|-|-|-|
|At 31% July 2025|39,764|610|40,374|
|Net|book value|
|At 31% July 2024|207,479|800|208,279|
|At 31°|July 2025|199,504|640|200,144|
|10.|Debtors|
|2025|2024|
|£|£|
|Vat Account|112|119|
|112|119|
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Heart ofDown Rural Society Lid Annual reportfor the year ended 31" July 2025
Page 12
Notes to the accounts (cont’d)
11. Creditors: amounts falling due within one year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade | Creditors | - | 216 |
| Accruals Loans |
420 64,500 |
375 65,500 |
|
| 64,920 | 66,091 | ||
| 12. | Creditors: amounts falling due after more than one | ||
| year | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Deferred government grants | 148,332 | 154,160 | |
| 148,332 | 154,160 |
13. Guarantors
Heart of Down Rural Society Ltd is a company limited by guarantee and it does not have share capital. Every member of the society undertakes to contribute to the assets of the society, in the event of the same 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 be a member and of the costs, charges and expenses of winding up and for the adjustment of the rights of the contributories among themselves, such amount as may be required not exceeding £1.
Heart ofDown Rural Society Ltd Annual reportSor theyear ended 3] Suly 2025
Page 13
The following schedules do not form part of the audited Statutory accounts of the company
Heart ofDown Rural Society Ltd Annual reportfor the year ended 31% July 2025
Page 14
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|---|---|---|---|---|---|---|
|Detailed|Statement|of Financial|Activities|
|Unrestricted|Restricted|Total|Total|
|funds|funds|2025|2024|
|£|£|£|£|
|Income|
|Donations|4,255|-|4,255|1,755|
|Release of|Government Grants|5,828|=|5,828|5,320|
|Total income|_|10,083|-|10,083|7,075|
|Direct|charitable|expenditure|
|Rates|-|-|-|.|
|Insurance|-|-|-|-|
|Light & Heat|940|-|940|978|
|Water Rates|-|-|-|-|
|Event Expenses|-|-|-|-|
|Equipment|-|-|-|-|
|Telephone|-|-|-|-|
|Post and Stationery|-|-|-|6|
|Improvements to Property|-|-|-|-|
|Repairs and Renewals|215|-|215|45|
|Household &|Cleaning|-|-|-|-|
|Sundry expenses|2|-|2|-|
|Subscriptions|180|-|180|180|
|Donations|220|-|220|100|
|Legal and Professional|Fees|-|-|-|-|
|Bank Charges|97|-|97|74|
|Loan Interest|-|-|-|-|
|Depreciation on Freehold Property|7,976|-|7,976|7,976|
|Depreciation on fixtures and|fittings|a|160|-|160|200|
|Total|direct charitable expenditure|9,790|:|9,790|9,559|
|Governance|costs|
|Accountancy|565|-|565|560|
|Audit|-|
|Total management and administration|565|-|565|560|
|Total|resource expended|10,355|-|10,355|10,119|
|Net movement on funds|(272)|:|(272)|(3,044)|
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