Roe Valley Ancestral Researchers Ltd Charity No. N1107879 Company No. N1665432 Directors, Report and Unaudited Accounts 31 March 2022
Roe Valley Ancestral Researchers Umlted Contents Pages ststement of Financial Activities Summary Income and Expenditure Account Balance Sheet statement of Cash flows Notes to the Accounts IOto17 Detsiled Statement of Financial Activities 18to19 Page I
Roe Valley Ancestral Researchers Umlted ststement of Flnanclal Actlvlties for the year ended 31 March 2022 Unrestrlcted funds 2022 Restricted funds Total funds Total funds 2022 2022 2021 Notes Income and endowments Donations and legacies Charitable activities Other trading activities 3,883 570 26,669 30,552 570 16,314 660 504 504 io Total 4,957 26,669 31,626 16.984 Expendlture on: Raising funds Other 236 500 736 634 4,817 16,483 21,300 8,087 Total 5,053 16,983 22,036 8,721 Net gains on investments Net Income (96) 9,686 9,590 8,263 Transfer5 between funds Net Income before other 8alns/(losses) (96) 9,686 9,590 8,263 Other galns and losses Net movement In funds (961 9,686 9,590 8,263 Reconclllatlon of funds: Total funds brought forward 8,263 8,263 Total funds carrled forward 8,167 9,686 17,853 8,263 Page 6
Roe Valley Ancestral Researchers Llmlted Summary Income and Expendlture Account for the year ended 31 Marth 2022 2022 2021 Income 31,626 16,984 Gross Income for the year Expenditure 31,626 16,984 17,970 8,721 Depreciation and charges for impairment of fixed assets 4,066 Total expendlture for the year Net income before tax for the year 22,036 8,721 9,590 8,263 Net Income for the year 9,590 8,263 Page 7
Roe Valley Ancestral Researchers Umited Balance Sheet at 31 March 2022 Company No. N1665432 Notes 2022 2021 Flxed assets Tangible assets io 16,156 16,156 6,186 6,186 Current assets Debtors Cash at bank and in hand 11 6,317 508 5,245 348 5,593 (3,516) 6,825 (5,128) 1,697 Credltors: Amount falling due within one year Net current assets 12 2,077 Totsi assets less current Ilabllltles 17,853 17,853 8,263 Net assets excludlng penslon asset or Ilablllty 8,263 Total net assets 17,853 8,263 Thefunds ofthe tharlty Restrlcted funds Restricted income funds 13 14,605 14,605 4,919 4,919 Unrestrlcted funds General funds Designated funds 13 2,461 787 3,248 Reserves 13 Totsi funds 17,853 8,263 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complyin8 Wlth the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 08 November 2022 And signed on its behalf by: Matthew Ferguson Trustee 08 November 2022 Page 8
Roe Valley Ancestral Researchers Umlted Statement of Cash flows for the year ended 31 March 2022 2022 2021 Cash ftows from operatlng actlvltles Net Income per Statement of Flnandal Actlvitle5 9,590 8,263 Adjustments for: Depreciation of property, plant and equipment Increase in trade and other receivables Decrease in trade and other payables 4,066 {1,072) (1,438) Net cash provlded by operatln8 artlvltles 11,146 8,263 Cash flow5 from Investlng actlvltles Payments for property, plant and equipment (14,036) (6,186) Net cash used In Investln8 actlvltles (14,0361 {6,186) Cash flows from flnandn8 actlvltles Proceeds from new borrowings Net cash from flnandng actlvltles 3,000 Net Inuease In cash and cash equlvalents 110 2,077 Cash and cash equlvalents at the beglnnlng of the year 348 Cash and cash equlvalents at the end of the year 458 2,077 Components of cash and cash equlvalents Cash and bank balances 508 348 508 348 Page 9
Roe Valley Ancestral Researthers Umlted Notes to the Accounts for the year ended 31 Marth 2022 l Accountin8 pollcles Bas15 of preparatlon The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective I January 2015) - {Charities SORP IFRS 10211,'the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102> and the Companies Act 2006. Change In basls of accountln8 or to prevlous accounts There has been no change to the accounting policies (valuation rules and method of accounting> since last year and no changes have been made to accounts for previous years. Fund accountlng Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income 15 Included in the Ststement of Financial Activitles (SOFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross In the SOFA. Donatlons and legacies Voluntary income received by way of grants, donations and gifts is Included in the the SOFA when receivable and only when the Charity has unconditional entitlernent to the income. Tax reclaims on Incorne from tax reclaim5 is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditurel and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/llosses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/{lossesl on investment assets This includes any gain or loss on the sale of investments. Page 10
Roe Valley Ancestral Researchers Umlted Notes to the Accounts Expendlture Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VATwhich cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management Costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities ser4ices in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accfual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and ststirtory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charlty, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity. Grants payable Governance costs Taxatlon The charity is exempt from corporation tax on its charitable activities. Tan8lble flxed assets and depredatlon Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Equipment, fixtures & fittings 20% Straight line Freehold Investment property Investment propertles are measured initially at cost and subsequently at falr value at each balance sheet date and are not depreciated. All gains or losses are tsken to the Statement of Financial Activities as they arise. Stock$ Stock is included at the lower of cost or net realisable value. Donated items of stock are Tecognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equlvalents Cash and cash equivalents comprise cash at bank and on hand, demand deposlts with banks and other short-term highly liquid investments with original maturitie5 of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilitie5. In the Ststement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Page 11
Roe Valley Ancestral Researchers Limited Notes to the Accounts Trade and other creditors Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Research and development Expenditure on research and development is written off in the year in which it is incurred. Foreign currencles Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of excha nge prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net incomelexpenditure. Leased assets Where the charity enters into a lease which entails ta king substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining bala nce of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifyi ng assets, in which case they are capitalised in accordance with the cha rity'5 policy on borrowi ng costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. Pension costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pay5 fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. Recelpt of donated goods, faclllties and servlces All donated goods, facilities and services received are recognised within incomin8 resources and expenditure at an estimate of the value to the charity. Page 12
Roe Valley Ancestral Researchers Llmlted Notes to the Accounts 2 Company status The company is a private company limited by guarantee and consequently does not have share capital. 3 Statement of Flnanclal Actlvities - prior year Unrestricted funds Restrlcted funds Total funds 2021 2021 2021 Income and endowments from: Donations and legacies Charitable activities other trading activities Totsi 7,650 16,314 660 660 io 10 9,334 7,650 16,984 Expendlture on: Charitable activities 634 634 Other 5,356 5,990 2,731 8,087 Total 2,731 8,721 Net Income 4,919 8,263 Net Income before other galns/(losses) Other galns and losses: Net movement In funds 4,919 8,263 4,919 8,263 Reconclllatlon of funds: Total funds carrled forward 3,344 4,919 8,263 4 Income from donatlons and le8acles Unrestrlcted Restrltted Totsi 2022 Total 2021 Donations 2.961 2,961 26,669 922 6,821 9,493 Grants 26,669 Grants 922 3,883 26,669 30,552 16,314 5 Income from charltsble actlvftles Unrestrlcted Total Totsi 2021 2022 Membership 570 570 660 570 570 Page 13
Roe Valley Ancestral Researchers Umlted Notes to the Accounts 6 Income fr(xn other tradlng actlvltle5 Unrestrlcted Total Totsi 2021 2022 Classroom/Marquee Hire 504 504 io 504 504 io 7 Expendlture on ralslng fvnds Unrestrlcted Restrlcted Total 2022 Total 2021 Costs of generating voluntary income Donations 217 217 34 Grants 19 519 600 236 500 736 634 8 Other expendlture Unrestrlcted Restrlrted Total 2022 Total 2021 25 25 20 Employee costs Motor and travel costs 251 251 327 327 1,627 3,068 Premises costs Amortisation, depreciation, impairment, profivloss on disposal of fixed assets General administrative costs Legal and professional costs 496 7,062 7,558 268 3,798 4,066 3,170 858 2,896 2,149 16,483 6,066 3,(X)7 21,300 2,549 823 4,817 8,087 9 Net Inc(xne before transfers 2022 2021 This is stated after charging: Depreciation of owned fixed assets 4,066 Page 14
Roe Valley Ancestral Researchers Umlted Notes to the Accounts 10 Tangible fixed assets Equipment, fbxtures & fittings Total Cost or revaluatlon At l April 2021 Additions At 31 March 2022 Oepredatlon and Impalrment Depreciation charge for the year At 31 March 2022 6,186 14,036 20,222 6,186 14,036 20,222 4,066 4,066 4,066 4,066 Net book values At 31 March 2022 At 31 March 2021 11 Debtors 16,156 6,186 16,156 6,186 2022 2021 VAT recoverable Other debtors 1,442 4,875 6,317 1,722 3,523 5,245 Farlow Wood Planning Application Fee £1,523 to Causeway Coast & Glens Council Loan (£5,000) to NWLL Ltd for Wilson Nesbit Lease £2,01)O Outstandlng 12 Credftors: amounts falling due within one year 2022 2021 Other loans other taxes and social security Other creditors Accruals 3,000 1,302 825 5,128 2,741 775 3,516 Focused on Data £342 Mid Antrim Marquees Ltd £960 Loan from Ceres Group Europe (Nl) Ltd £3,000 Page 15
Roe Valley Ancestral Researchers Umlted Notes to the Accounts 13 Movement in funds Incomlng resources (Includln8 other At l Aprll 8alnsnosses 2021 Resources expended At31 March 2022 Restrlcted funds: Restrlrted Income funds: National Lottery Cornmunitv Fund Causeway Coasts & Glens Grants 10,000 10,000 2.703 11,200 14,3981 19,338) 11,695) 1,862 Live Here Love Here Western Health Social Care Trust Causeway Coasts & Glens Grants Community Arts Foundation Fund 500 (500) 2,266 {1,510) 756 4,919 {1,237) 3,682 Total 4,919 26,669 116,983) 14,605 Unrestrlcted funds: General funds 4,035 {4,918) 2,461 Deslgnated funds: Causeway Volunteer Bureau Policing & Community Safety Project 422 422 500 (135) {135} 365 Total 922 787 Total lunds 8,263 31,626 (22,036} 17,853 Purposes and restrictions in relation to the funds: Restricted funds: National Lottery Community To purchase a marquee as an outdoor classroom Fund Causeway Coasts & Glens Grants NIIOO project {£1,351.26-received) Live Here Love Her2 Western Health Social Care Trust Causeway Coasts & Glens Grants To develop a pollination project in Farlow Wood {£11,200) Walk in the wood¥ Project (£500) HLF Farlow Wood (£2,265.32) Page 16
Roe Valley Ancestral Researchers Llmited Notes to the Accounts Community Arts Foundation Purchase a Scanner1£7,650-received) Fund Designated funds: Causeway Volunteer Bureau Covid Support (£421.51 received) Policing & Community Safety Camera5 for Farlow Wood (£500-received) Project 14 Analysls of net a55et5 between funds Unrestrlrted funds Restrlcted funds Total Fixed assets 16,156 16,156 1,697 17,853 Net current assets 1,697 1,697 16,156 15 Recondllatlon of net debt At31 Marth 2022 At l Aprll 2021 Cash flows Cash and cash equivalents 348 348 160 160 508 508 Borrowings (3,000) (3,000) (3,000> (3,0001 Net debt 348 12,8401 12,492) 16 Related party dlsclosures 2022 2021 rransoctlons wlth relatedportles Name of related party North West Llfelong Learnlng Ltd Description of relationship NWLL provides a community meeting place between the parties and official headquarter address. Description of transaction and general amounts involved Amount duefrom/{to) the related party £5,000 Loan to NWLL to support Lease application 2019 2,000 2,000 Name of reloted pcrty Ceres Group Europe (Nl) Ltd Dedicated learning provider Qualification side of land-based skills that RVAR promote as part of green spaces protection. Description of relationship between the parties Description of transartion ond general amourts involved Amount duefrom/{toJ the related party cOntrlIng porty £3,000 Loan from Ceres to support the purchase outdoor cl355room facility. (3,000) Page 17
Roe Valley Ancestral Researchers Umited Detalled Statement of Flnanclal Activlties for the year ended 31 March 2022 Unrestrlcte d funds 2022 Restrlcted funds Totsi funds Total funds 2022 2022 2021 Income and endowments from: Donations and legacies Donations Grants 2,961 2,961 26,669 922 30,552 6,821 9,493 26,669 Grants 922 3,883 26,669 16,314 Charitable activities Membership 570 570 660 570 570 660 Other trading activities Classroom/Marquee Hire 504 504 504 10 10 504 Total Income and endowments 4,957 26,669 31,626 16,984 Expendlture on: Costs of generating donations and legacies Donations 217 217 Grants 19 236 500 519 736 600 500 634 Total of expendlture on ralsln8 funds 236 500 736 634 Other expenditure 25 25 20 25 25 20 Employee costs Staff training 251 251 251 251 Motor and travel costs Travel and subsistence 327 327 1,627 1,627 327 327 Premises costs Rent 150 150 750 Premises cleaning Premises repairs and maintenance 29 29 77 317 7,062 7,379 2,241 496 7,062 7,558 3,068 General administrative costs. including depreciation and amortisation Page 18
Roe Valley Ancestral Researchers Llmlted Detalled Ststement of Flnanclal Activlties Depreciation of Equipment. fixtures & ffttings Equipment expensed Equipment leasing and hire charges General insurances Postage and couriers Software, IT support and related costs 268 3,798 4,066 180 73 253 643 18 960 978 295 283 283 273 34 2,026 2,026 308 Stationery and printing Subscriptions Sundry expenses 275 1,427 1,702 46 126 73 46 308 3,438 436 744 831 2,549 6,694 10,132 Legal and professional costs Accountancy and bookkeeping Other legal and professional costs 435 435 775 423 2,149 2,572 858 2,149 3,007 823 Totsi of expendlture of other costs 4,817 16,483 21,300 8,087 Total expendlture Net gains on investments 5,053 16,983 22,036 8,721 Net Income (96) 9,686 9,590 8,263 Net Income before other galns/(losses) Other Gains (96) 9,686 9,590 8,263 Net movement In funds (96) 9,686 9,590 8,263 Reconclllatlon of fund5: Total funds brought forward 4,919 8,263 Totsi funds carrled fonvard 3,248 14,605 17,853 8,263 Page 19