Killymaddy Rural Development Group Ltd

	Page
Trustees' Report	1—4
Independent Examiner's Report	5
Statement of Financial Activities (including Income and Expenditure Account)	6
Balance Sheet	7
Notes to the Financial Statements	8—12

The trustees present their report and the financial statements for the period ended 28 February 2026.

Objectives and Activities

Aims and Objectives

The aims and objectives of Killymaddy Rural Development Group Ltd is to promote the social, educational, cultural, and economic wellbeing of the inhabitants of Killymaddy, Drumsallen, Knappagh, Lisnafeedy, and the surrounding rural hinterlands. We do this by:

Advancing education and welfare

We work with statutory authorities, voluntary organisations, and the local community to provide educational opportunities and facilities that support social welfare, recreation, and leisure. Our aim is to improve the quality of life for all residents in the area.

Preserving heritage

We preserve and promote the spoken, written, and built heritage of the region to ensure that local traditions and stories are passed down to future generations.

Celebrating culture and inclusion

We promote the culture of the indigenous population while encouraging the appreciation and inclusion of other communities and cultural expressions.

Supporting economic development

We help create economic opportunities for local residents and businesses by raising awareness of best practices, encouraging entrepreneurship, and supporting social enterprise initiatives. Through these activities, we aim to build a resilient, inclusive, and thriving rural community.

Public Benefit

Killymaddy Rural Development Group Ltd exist for the public benefit and achieve this through:

Improved Education and Skills

Local inhabitants benefit from increased access to educational programs, workshops, and training that enhance literacy, employability, and personal development.

Enhanced Social Wellbeing

Providing recreational and leisure-time activities,reduces isolation, improves mental health, and fosters community cohesion among people of all ages.

Preservation of Heritage and Culture

Local residents and future generations benefit from the safeguarding and celebration of local history, language, customs, and built heritage.

Increased Cultural Awareness and Inclusion

Engagement with diverse cultural groups fosters mutual respect, social inclusion, and a stronger, more unified community.

Economic Development and Opportunity

Individuals and small businesses benefit from support in enterprise development, improved awareness of economic opportunities, and encouragement of local entrepreneurship.

Improved Quality of Life

The combination of education, social activities, cultural enrichment, and economic support contributes to the overall wellbeing and life satisfaction of residents in the area.

Beneficiaries

The charity’s beneficiaries are the inhabitants of Killymaddy, Drumsallen, Knappagh, Lisnafeedy, and the surrounding rural hinterlands. This includes individuals of all ages, backgrounds, and abilities living in these areas. Beneficiaries may also include local community groups, schools, voluntary organisations, and small businesses that engage with or benefit from the charity’s educational, cultural, social, and economic activities.

We will demonstrate benefits through a combination of attendance records, participant feedback, and documented outcomes.

...CONTINUED

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Killymaddy Rural Development Group Ltd

Trustees' Report (continued)

For the Period 7 February 2025 to 28 February 2026

Public Benefit - continued

Educational and recreational activities will be monitored for engagement and participation levels. Feedback will be gathered through surveys, informal discussions, and testimonials to assess the impact on learning, wellbeing, and community connection. Case studies will highlight personal stories of change. Heritage projects will be recorded through archives, publications, and event participation. Economic development will be evidenced by support given to local enterprises and collaborations. Regular reviews and partnerships will ensure accountability and continued relevance.

There is no significant harm arising from any of the organisation’s purposes. All activities are designed to promote education, wellbeing, heritage, culture, and economic opportunity in a positive and inclusive manner.

The trustees have given due regard to the Charity Commission for Northern Ireland’s guidance on public benefit

Achievements and Performance

Main Achievements

During the period to the date of these Financial Statements, the following events of note took place:

Killymaddy Rural Development Group Ltd took ownership of the building in October 2025 at a cost of £100,000. This has been financed through generous donations/loans from the trustees and committee members, a grant from ABC Council and a £50,000 interest free loan. The official handover of keys took place on 13th November 2025.

A "Big Breakfast" fundraising event took place on 31st January 2026 which was very successful, raising over £6,400.

Structure, Governance and Management

Governing Document

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act and 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.

Reference and Administrative Details

Trustees

Mr David Livingstone - Chairman (appointed 07/02/2025)

Mr Richard Livingstone - Treasurer & Secretary (appointed 07/02/2025)

Mr Robert Steenson (appointed 07/02/2025)

Mr Allen Foster (appointed 07/02/2025)

Charity Number

110780

Company Number

NI726109

Registered Office

WHR Accountants Ltd

56 Upper English Street

Armagh

County Armagh

BT61 7LG

Independent Examiner

Christine Potts FCCA

WHR Accountants Ltd

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Killymaddy Rural Development Group Ltd

Trustees' Report (continued)

For the Period 7 February 2025 to 28 February 2026

Chartered Certified Accountants

56 Upper English Street
Armagh
County Armagh
BT61 7LG

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Killymaddy Rural Development Group Ltd

Trustees' Report (continued)

For the Period 7 February 2025 to 28 February 2026

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Killymaddy Rural Development Group Ltd for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgments and accounting estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Mr David Livingstone

Trustee

05/10/2026

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Killymaddy Rural Development Group Ltd

Independent Examiner's Report to the Trustees of Killymaddy Rural Development Group Ltd

For the Period 7 February 2025 to 28 February 2026

Independent Examiner's Report to the Trustees of Killymaddy Rural Development Group Ltd

I report to the charity trustees on my examination of the accounts of the Company for the period ended 28 February 2026.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of Companies Act 2006.

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 65 of the Charities Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Christine Potts FCCA

05/10/2026

56 Upper English Street
Armagh
County Armagh
BT61 7LG

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Killymaddy Rural Development Group Ltd

Statement of Financial Activities (including Income and Expenditure Account)

For the Period 7 February 2025 to 28 February 2026

Statement of Financial Activities (including Income and Expenditure Account)

				28 February 2026
		Unrestricted funds	Restricted funds	Total funds
	Notes	£	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	2,315	20,000	22,315
Charitable activities:
Fundraising Event - Big Breakfast		6,424	-	6,424

		8,739	20,000	28,739

EXPENDITURE ON:
Raising funds	6	(4,742 )	(468 )	(5,210 )
Charitable activities:	6
Fundraising Event - Big Breakfast		(685 )	-	(685 )

		(5,427 )	(468 )	(5,895 )

NET INCOME		3,312	19,532	22,844


NET MOVEMENT IN FUNDS		3,312	19,532	22,844
RECONCILIATION OF FUNDS:
Total funds brought forward		-	-	-

TOTAL FUNDS CARRIED FORWARD	14	3,312	19,532	22,844

The notes on pages 8 to 12 form part of these financial statements.

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Killymaddy Rural Development Group Ltd

Balance Sheet

As At 28 February 2026

Balance Sheet

				28 February 2026
		Unrestricted funds	Restricted funds	Total funds
	Notes	£	£	£
FIXED ASSETS
Tangible Assets	10	-	100,237	100,237

		-	100,237	100,237
CURRENT ASSETS
Debtors & Prepayments	11	1,126	-	1,126
Cash at bank and in hand		17,092	-	17,092

		18,218	-	18,218
Creditors: Amounts Falling Due Within One Year	12	(711 )	-	(711 )

NET CURRENT ASSETS (LIABILITIES)		17,507	-	17,507

TOTAL ASSETS LESS CURRENT LIABILITIES		17,507	100,237	117,744

Creditors: Amounts Falling Due After More Than One Year	13	(14,195 )	(80,705 )	(94,900 )

NET ASSETS		3,312	19,532	22,844

FUNDS OF THE CHARITY
Restricted Funds				19,532
Unrestricted Funds				3,312

TOTAL FUNDS	14			22,844

For the period ending 28 February 2026 the charitable company was entitled to exemption from audit 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 trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr David Livingstone Trustee	Mr Robert Steenson Trustee
05/10/2026

The notes on pages 8 to 12 form part of these financial statements.

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Killymaddy Rural Development Group Ltd

Notes to the Financial Statements

For the Period 7 February 2025 to 28 February 2026

Notes to the Financial Statements

1. General Information

Killymaddy Rural Development Group Ltd is a company limited by guarantee, incorporated in Northern Ireland, registered number NI726109 and registered charity number 110780 . The registered office is WHR Accountants Ltd, 56 Upper English Street, Armagh, County Armagh, BT61 7LG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006 and the Charities Act (Northern Ireland) 2008.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Significant judgements and estimations

The trustees do not feel there any material judgements or key sources of estimation uncertainty in these accounts.

2.3. Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.

Restricted funds are to be used for specific purposes as laid down by the donor.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.4. Incoming Resources

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).

The charity receives grants in respect of fixed assets. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received, and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred.

2.5. Resources Expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. It is categorised under the following headings:

• Expenditure on raising funds represents items not falling intot he category below

• Fundraising expenditure includes the expenditure incurred to carry out the activity

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

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Killymaddy Rural Development Group Ltd

Notes to the Financial Statements (continued)

For the Period 7 February 2025 to 28 February 2026

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

2% Straight Line

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.8. Taxation

The charity is exempt from tax as all its income is charitable and applied for charitable purposes.

3. Income from Donations and Legacies

			28 February 2026
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Donations and gifts:
Donations and gifts	2,315	-	2,315
Grants:
Government Grants	-	20,000	20,000

	2,315	20,000	22,315

The following donations and legacies are included within the total income from donations and legacies above:

	28 February 2026
	Unrestricted funds £
Donations	2,315

4. Government Grants

Government grants recognised in the accounts were as follows:

	28 February 2026
	£
Armagh City Banbridge & Craigavon Borough Council - Large Capital Grant 2025/26	20,000

5. Net Income/(Expenditure)

The net income is stated after charging/(crediting):

	28 February 2026
	£
Depreciation of tangible fixed assets - owned	468

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Killymaddy Rural Development Group Ltd

Notes to the Financial Statements (continued)

For the Period 7 February 2025 to 28 February 2026

6. Analysis of Expenditure

			28 February 2026
	Activities undertaken directly	Support costs (see note 7 )	Total
	£	£	£
Raising funds	468	4,742	5,210
Fundraising Event - Big Breakfast	565	120	685

	1,033	4,862	5,895

7. Support Costs

			28 February 2026
	Raising funds	Fundraising Event - Big Breakfast	Total
	£	£	£
Premises expenses	2,666	-	2,666
General administration	1,366	120	1,486
Governance costs	710	-	710

	4,742	120	4,862

8. Independent Examiner's Remuneration

	28 February 2026
	£
Independent examination of the financial statements	600
Other financial services	110

	710

Other financial services is made up of our fee to complete and File the Annual Confirmation Statement with Compnaies House including payment of the filing fee to Companies House

9. Average Number of Employees

Average number of employees during the period was: NIL

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Killymaddy Rural Development Group Ltd

Notes to the Financial Statements (continued)

For the Period 7 February 2025 to 28 February 2026

10. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 7 February 2025	-
Additions	100,705

As at 28 February 2026	100,705

Depreciation
As at 7 February 2025	-
Provided during the period	468

As at 28 February 2026	468

Net Book Value
As at 28 February 2026	100,237

As at 7 February 2025	-

11. Debtors & Prepayments

	28 February 2026
	£
Due within one year
Prepayments and accrued income	1,126

12. Creditors: Amounts Falling Due Within One Year

	28 February 2026
	£
Accruals and deferred income	711

13. Creditors: Amounts Falling Due After More Than One Year

	28 February 2026
	£
Other loans - Trustees and Committee Members	44,900
Loan	50,000

	94,900

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Killymaddy Rural Development Group Ltd

Notes to the Financial Statements (continued)

For the Period 7 February 2025 to 28 February 2026

14. Movement in Funds

	As at 7 February 2025	Income	Expenditure	As at 28 February 2026
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	-	8,739	(5,427 )	3,312
Restricted funds
Land & Buildings Fund	-	20,000	(468 )	19,532


Total funds	-	28,739	(5,895 )	22,844

15. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current year.

No trustee expenses have been incurred.

16. Related Party Disclosures

Donations

During the period to 28 February 2026, trustees paid costs of the charitable company directly to suppliers totalling £2,315. The trustees did not seek reimbursement, and these payments have been treated as unconditional donations to the charity. They are included in the financial statements as donation income, with the corresponding costs included in expenditure.

Loans from Trustees and Committee Members

Trustees of the charitable company, and committee members (some of whom are close family members of trustees), have made loans to the charitable company. The loans funded the purchase of the charity's building at 1 Dernasigh Road, Killylea, Armagh (Restricted), and its start-up and running costs (Unrestricted). These loans are interest-free and unsecured, and have no fixed repayment date. The lenders have confirmed that they will not seek repayment within 12 months of the balance sheet date.

At the year end, loans totalling £94,900 were outstanding, of which £44,900 was owed to trustees and committee members. These are included in creditors: amounts falling due after more than one year.

17. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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