**River Blackwater Catchment Trust** ## **(A Company Limited by Guarantee, not having a share capital)** ## **River Blackwater Catchment Trust** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 30 JUNE 2024** |**Restricted Unrestricted**
**Funds**
**Funds**
**2024**
**2024**
£
£
**Incoming Resources**
**Generated funds:**
**Activities for generating funds**
Donations & Membership
-
135
**Charitable activities**
Tipperary County Council
9,583
2,506
Monaghan County Council
8,178
20,788
Golden Eagle Trust
-
-
Department of Housing
-
-
IFI
-
Rural Action Award
-
Hen Harrier
4,395
-
Armagh City, Banbridge & Craigavon Borough Council
-
-
Glaslough Tyholland GWS
-
4,874
**Total incoming resources**
22,156
28,303
**Net Incoming Resources**
**available for charitable application**
22,156
28,303
**Resources Expended on Charitable Activities**
**Expenditure on charitable activities**
2
22,156
10,369
Cost of raising funds
-
-
**Total Resources Expended**
22,156
10,369
**Gross transfers between funds**
-
-
**Surplus/(deficit) for the period**
-
17,934
**Net movement in funds for the period**
-
17,934
**Reconciliation of funds**
Balances brought forward at 1 July 2023
1,187
35,424
**Balances carried forward at 30 June 2024**
1,187
53,358|
**Total**
**2024**
£
135
12,089
28,966
-
-
-
-
4,395
-
4,874
50,459
50,459
32,525
-
32,525
-
17,934
17,934
36,611
54,545|**2023**
£
590
6,769
4,995
4,308
12,916
3,877
1,000
-
26,964
-| |---|---|---| |||61,419| |||61,419
32,931| |||-| |||32,931
-
28,488| |||28,488
8,123| |||36,611| **- 31 -** ## **River Blackwater Catchment Trust** ## **(A Company Limited by Guarantee, not having a share capital)** |**River Blackwater Catchment Trust**
**BALANCE SHEET**
**As At 30 JUNE 2024**
**Notes**
£
**Fixed Assets**
Tangible assets
**4**
**Current Assets**
Debtors
8,341
Cash at bank and in hand
77,857
86,198
**Creditors Amounts Falling**
**Due Within One Year**
**5**
31,653
**Net Current Assets (Liabilities)**
**Total Assets Less Current Liabilities**
**Creditors Amounts Falling**
**Due After One Year**
**Total Assets Less Liabilities**
**Funds**
Restricted & Unrestricted funds
**7**
**Total Funds**|**2024**
£
-
54,545
54,545
-
54,545
54,545
54,545|**2023**
£
£
-
8,341
39,651
47,992
11,381
36,611
36,611
-
36,611
36,611
36,611| |---|---|---| **- 32 -** **River Blackwater Catchment Trust (A Company Limited by Guarantee, not having a share capital)** These financial statements have been prepared in accordance with the provisions applicable to company’s subject to the small companies’ regime within Part 15 of the Companies Act 2006 For the financial period ended 30 June 2022 the charitable company was entitled to exemption from audit under Section 477 of the Companies Act 2006; and no notice has been deposited under Section 476. The trustees acknowledge their responsibility for ensuring that the charitable company keeps accounting records which comply with Section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial period and of its profit and loss for the financial period in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. ## **Approved by the Board and authorised for issue on 24th March 2025** and **signed on its behalf by** **Daniel Curley RBCT Chairman** **- 33 -** ## **River Blackwater Catchment Trust (A Company Limited by Guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS** ## **30[th] June 2024** ## **Basis of preparation** These financial statements have been prepared under the historical cost convention and in accordance with the Companies Act 2006 and Part 8 of the Charities Act (Northern Ireland) 2008. They also comply with the Statement of Recommended Practice Charities SORP FRS102 and with the financial reporting standards. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charitable company's financial statements. ## **First time adoption of Charities SORP (FRS 102)** In preparing the accounts, the Trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS102 a restatement of comparative items was needed. No restatements were required. There were no significant adjustments needed from the net income/(expenditure) under the previous Generally Accepted Accounting Practice (“GAAP”). ## **Cash flow statement.** The charitable company has availed of the exemption in FRS102 from the requirement to produce a cash flow statement because it is classified as a small charitable company. ## **Restricted funds** Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. ## **Unrestricted free reserves** Unrestricted funds are available for use at the discretion of the Management Committee in furtherance of the general objectives of the company. ## **Incoming Resources** Voluntary income or capital is included in the Statement of Financial Activities when the charitable company is legally entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Entitlement to legacies is considered established when the charitable company has been notified of a distribution to be made by the executors. Income received in advance of due performance under a contract is accounted for as deferred income until earned. Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accrual’s basis. **- 34 -** **River Blackwater Catchment Trust (A Company Limited by Guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **30[th] June 2024** ## **Resources Expended** All resources expended are accounted for on an accruals basis. Charitable activities include costs of services and grants, support costs and depreciation on related assets. Costs of generating funds similarly include fundraising activities. Non-staff costs not attributed to one category of activity are allocated or apportioned pro-rata to the staffing of the relevant service. Finance, HR, IT and administrative staff costs are directly attributable to individual activities by objective. Governance costs are those associated with constitutional and statutory requirements. ## **Tangible fixed assets and depreciation** Fixed assets, including that which is funded by grants, are stated at cost less accumulated depreciation. The costs of individual fixed assets costing below £300 are not capitalised. Depreciation is provided at rates calculated to write off the costs of each asset over its expected useful life. Investments held as fixed assets are stated at cost. - Plant and machinery - 15% Straight line The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable. ## **Taxation** This organisation is a charity; therefore, there is no liability to corporation tax. **- 35 -** **River Blackwater Catchment Trust (A Company Limited by Guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** |1|**NET INCOMING RESOURCES**|**2024**|**2023**| |---|---|---|---| ||**Net Incoming Resources are stated after charging/(crediting):**||| ||Depreciation of tangible assets|-|-| ||**Independent Examiner's remunertaion**||| ||-independent eaxination services|834|897| |**Restricted Unrestricted**
**Funds**
**Funds**
**2024**
**2024**
£
£
**2 EXPENDITURE ON CHARITABLE ACTIVITIES**
**Environomental Improvement & Education**
Direct costs
22,020
-
Training
3,829
Education services
-
-
Equipment
-
222
Insurance
-
5,019
Bank charges
-
218
Computer support
-
-
General expenses
-
274
Exchange rate variance
136
(27)
Depreciation
-
-
-
-
22,156
9,535
**Support costs:**
**Governance costs**
**3**
-
834
**TOTAL**
**22,156**
**10,369**|
**2024**
£
22,020
3,829
-
222
5,019
218
-
274
109
-
-
31,691
834
**32,525**|**2023**
£
21,277
4,135
1,938
4,497
142
-
108
(63)
-| |---|---|---| |||32,034
897| |||**32,931**| **- 36 -** **River Blackwater Catchment Trust (A Company Limited by Guarantee, not having a share capital)** |**3 ANALYSIS OF SUPPORT AND GOVERNANCE COSTS**
**GOVERNANCE**
Accountancy services
**4 TANGIBLE FIXED ASSETS**
**Cost or Valuation**
At 30th June 2024
**Depreciation**
At 1st July 2023
Charge for year
At 30th June 2024
**Net Book Value**
At 30th June 2024
At 30th June 2023
**5 CREDITORS**
**Amounts falling due within one year**
Accruals
Grants paid in advance
Loan|834
**Plant &**
**Equipment**
8,235
8,235
-
8,235
-
-
650
31,003
-
31,653|897| |---|---|---| |||**Total**
8,235| |||8,235
-| |||8,235
-| |||-| |||650
10,731
-| |||11,381| **- 37 -** ## **River Blackwater Catchment Trust** ## **(A Company Limited by Guarantee, not having a share capital)** |**6 ANALYSIS OF NET ASSETS BY FUND**
**RESTRICTED FUND**
RESTRICTED FUND
**UNRESTRICTED FUND**
UNRESTRICTED FUND|**Fixed**
**Assets**
-
-
-|**Current**
**Assets**
32,190
54,008
86,198|**Current**
**Liabilities**
**Total**
31,003
1,187
650
53,358
31,653
54,545| |---|---|---|---| |**ANALYSIS OF MOVEMENTS IN FUNDS**
**Restricted**
**Unrestricted**|**Balance**
**1st July**
**2023**
1,187
35,424|**Incoming**
**Resources**
22,156
28,303|**Balance**
**Resources**
**30th June**
**Expended**
**2024**
22,156
1,187
10,369
53,358| |---|---|---|---| ## **7 ANALYSIS OF MOVEMENTS IN FUNDS** ## **8 STATUS** The charitable company is a company limited by guarantee not having a share capital The liability of the members is limited Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members, or within one year thereafter, for the payment of debts and liabilities of the company contracted before they ceased to be members, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amounts as may be required,not exceeding £1 **- 38 -**