REGISTERED CHARITY NUTrLBER: 100698 Report of the Trustees and Financial Statements for the Year Ended 31 March 2023 for Ardaluin Regeneration Trust McCl¢ary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 ITP
Ardaluin Regeneration Trust Contents of the Financial Statements for the Year Ended 31 March 2023 Page Report of tbe Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7 to 13 Detailed Statement of FinanciaI Activities 14
Ardaluin Regeneration Trust Report of tbe Trustees for the Year Ended 31 March 2023 The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by ChaTlties.' 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 l January 2019). OBJECTIVES AND ACTIVITIES Organisation and Principal Activity Ardaluin Trust was originally formed by a Declaration of Trust dated 8 October 1970 and governed by a Cy- pres Scheme approved in the High Court of Justice in Northern Ireland (Chancery Division) on 9 June 1997. In exercise of the powers given to the Trust as clause 6n of the Scheme the Trustees resolved to change the name of the Scheme to ATdaluin Regeneration Trust at a Board meeting held on 4 April 2011. Ardaluin Regeneration Trust was first registered as a Charity for tax purposes by HM Revenue and Customs on 21 November 201 I, Charity Registration No. XT31161. Ardaluin Regeneration Trust was registered as a Charity with the Northem Ireland Charity Commissioner on 28 October 2014, Registration Number NIC100698. Objects and Powers Ardaluin Regeneration Trust provides residential and camping accommodation primarily for community- based groups and organisations, registered charities, social enterprises and not for profIt organisations and schools. The Trust aims to engage people from all backgrounds through programmes of activity that provide personal and social development opportunities primarily to young people to help them to explore and reach their full potential. The Trust provides access and accommodation to their residential propety Ardaluin House, on site camping site and grounds to support the promotion and dclivery of personal and social development programmes. The Trust facilitates a holistic approach to the needs and aspirations of the individual. ensuring safe, inclusive, but challenging opportunities that are "Changing lives and building futures" across Northern Ireland. Belfast Activity Centre, as the approved operating partner for Ardgluin Regeneration Trust provided the following Centre Accreditations and Professional Memberships BAC successfully retained the Gold Standard and Adventure Mark accreditation from the Association of Heads of Outdoor Education Centres (AHOEC) Institute of Outdoor Learning (IOL) Membership Institute of Outdoor Leaming (IOL) Approved Continuing Personal Development (CPD) Provider Open College Network (ocrq) Qualifying and Programme Centre Learning Outside the Classroom (LOC) Quality Badge Duke of Edinburgh Award (DOE) Licensed Centre Duke of Edinburgh Award (DOE) Approved activity provider for Award Expedition Section National indoor Climbing Award Scheme (NICAS) Approved Centre for delivery to Level l and Level 2. ASDAN Education Awarding Centre John Muir Award Group Member British Heart Foundation Affiliated Heart Start Training Provider HSE Approved Rescue Emergency Care (REC) First Aid Training Provider Page I
Ardaluin Regeneration Trust Report of the Trustees for the Year Ended 31 Marcb 2023 OBJECTIVES AIW ACTIVITIES ART supported Revenue (Short and Longer term residential and camping programn)es) Demand for short term outdoor adventure activities and longer-term learning outside the classroom programmes increased with high demand from the formal schools sector. Work wrth the youth and community also recognised a return to pre-covid levels from both the voluntary and statutory sectors contracting a range of programmes that addressed issues of rebuilding confidence, peer to Fer and social communications, problem solving, motivation and prolonged physical inactivity under over-arching themes of health and well-being particularly amongst primary more than post primary aged groups of children. Dept. of Justice grant funded BAC Adventure Investigator programmes to 3 Primary Schools delivered by our operating and programme delivery partner, Belfast Activity Centre (BAC)- FINANCIAL REVIEW Financial Ardaluin Regeneration Trust seeks to comply with Best Practice in managing the finances of the Centre and as outlined in the Reserves policy should hold adequate reserves to cover 3 months full running costs of the c¢ntre. The finances at 31 March 2023 reflected cash at bank and in hand of £7,029 which was all unrestricted funding. The Net Current Assets at 31 March 2023 were £733, while the total reserves were £715,962, all of which were unrestricted. Reserves policy The Board of Trustees, of Ardaluin Regeneration Trust will endeavour to accumulate reserves which amount to up to six months 11 operating costs of the centre. The Board believe this to b¢ an acceptable reserve and contingency. If the Charity was fortunate enough to reach this amount of rescrve, the Board would table a discussion as to how funds could b¢ expended or invested, in-lin¢ with the work of the charity. STRUCTURE, GOVERNANCE AND MANAGEIVIENT Governing document The charity is controlled by its governing documen¢ a deed of trust and constitutes an unincorporated charity. Risk Policy Risk Management is a high priority in the work of the centre. Physical Risk is monitored daily due to the nature of outdoor activities. All staff are provided with training in risk management and the Centre has a Health and Safety Advisory Committee of independent advisors who meet quarterly. The BAC Board are tasked with the Governance of the C¢ntre. The Board carries out Tegular management analysis on all aspects of the Centre's work. Page 2
Ardaluin Regeneration Trust Report of the Trustees for the Year Ended 31 March 2023 REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 100698 Principal address Clo Belfast Activity Centre Barnett's Stable Yard Barnett Demesne Belfast Co. Antrim BT9 5PB Malone Road Trustees Mr Thomas Scott Chairperson Mr John Harold Baird Treasurer Mr Ian Douglas Mr Stephen Dickson Mr James Annstrong Mr Ronnie Smyth (passed away 1910112023) Mrs Mary Gillespie The Trustees were saddened to learn of the passing of Ronnie Smyth in January 2023. Ronnie had given considerable service to Ardaluin over a long period and will be missed. Independent Examiner John Mccleary FCA Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 1 TP Approved by order of the board of trustees on 20 November 2023 and signed on its behalf by: MrT as Scott- Trustee Page 3
Independent Examiner's Report to the Trustees of Ardaluin Regeneration Trust I report on the accounts of the company for the year ended 31 March 2023, which are set out on pages five to thirteen. Respective responsibilities of charity trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act (Northern Ireland) 2008. I have examined your charity's accounts as required under Section 65 of the Charities Act. In carying out my examination I have followed the Directions given by the Charity Commission for Northem Ireland under section 65(9)(b) of the Charities Act. It is my responsibility to: examine the accounts under Section 65 of the Charities Act 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 state whether particular matters have come to my attention. Basis of the 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 Northem Ireland under Section 65(9)(b) 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 trustces 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 in accordance with Section 63 of the Charities Act That th¢ accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of the Act That there is further infonnation needed for a proper understanding of the accounts to be reached. Independent examiner's statement I hav¢ completed my examination and have no concerns in respect of the mattcrs (l ) 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. John Mccleary Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 ITP 20 November 2023 Page 4
Ardaluin Regeneration Trust Statement of Financial Activities for the Year Ended 31 March 2023 Period 1.1.21 to 31.3.22 Total fvnds Year Ended 31.3.23 Total nds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENfs FROM Donations and legacies 5,941 5,941 62,519 Other trading activities Investment income Other income 97,485 24 943 97,485 24 943 53,474 16 46 Total 98,452 5,941 104,393 116,055 EXPENDITURE ON Charitable activities Direct costs Support costs 29,366 83,751 5,941 35,307 83,751 12,717 77,577 Total 113,117 5,941 119,058 90,294 NET INCOMEI(EXPENDITURE) (14,665) (14,665) 25,761 RECONCILIATION OF FUNDS Total funds brought forward 730,627 730,627 704,866 TOTAL FUNDS CARRIED FORWARD 715,962 715,962 730,627 The notes forni part of these financial statements Page 5
Ardaluin Regeneration Trust Balance Sheet 31 March 2023 31.3.23 Total funds 31.3.22 Total funds Unrestricted Restricted funds funds Notes FIXED ASSETS Tangible assets 715,229 715,229 740,881 CURRENT ASSETS Debtors Cash at bank 277 7,029 277 7,029 29,322 16,023 7,306 7,306 45,345 CREDITORS Amounts falling due within one year (6,573) (6,573) (55,599) NET CURREIYT ASSETS 733 733 10,254) TOTAL ASSETS LESS CURRElYf LIABILITIES 715,962 715,962 730,627 NET ASSETS 715,962 715,962 730,627 FUNDS Unrestricted funds 715,962 730,627 TOTAL FUNDS 715,962 730,627 The financial statements were approved by the Board of Trustees and authoris¢d for issue on 20 November 2023 and were signed on its behalf by.. Mr Thomaa cott- Trustee The notes forni part of these financial statcments Page 6
Ardaluin Regeneration Trust Notes to the Financial Statements for the Year Ended 31 March 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by CharitAes.' 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 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act (Northern Ireland) 2008. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructlve obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classifled under headings that aggregate all cost related to the category. Wherc costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. F¢hold property Plant and machinery Fixtures and fittings 2% on cost 200/0 on cost 20% on cost Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions aiise when specified by the donor or when fvnds are raised for particular restricted purposes. Page 7 continued...
Ardaluin Regeneration Trust Notes to the Financial St2tements - continued for the Year Ended 31 March 2023 DONATIONS AND LEGACIES Period 1.1.21 to 31.3.22 Year Ended 31.3.23 Grants 5,941 62,519 Grants received, included in the above, are as follows: Period 1.1.21 to 31.3.22 Year Ended 31.3.23 Government Grants Education Authority Dept of Justice Dcpt of Finance 23,170 25,105 11,730 2,514 5,941 5,941 62,519 OTHER TRADING ACTIVITIES Period 1.1.21 to 31.3.22 Year Ended 31.3.23 Accommodation Income 97,485 53,474 INVESTMEIYT INCOME Period 1.1.21 to 31.3.22 Year Ended 31.3.23 Deposit account interest 24 16 Page 8 continued...
Ardaluin Regeneration Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2023 TRUSTEES, REIIIUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2023 nor for the period ended 31 March 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2023 nor for the period ended 31 March 2022. COMPARATIVES FOR THE STATEMENf OF FINANCIAL ACTIvifiES Unrestricted Restrlcted funds funds Total funds INCOME AND EfqDOWMEKfs FROM Donations and legacies 25,684 36,835 62,519 Other trading activities Investment income Other income 53,473 16 46 53,474 16 46 Total 79.219 36,836 116,055 EXPENDITURE ON Charitable actAVlties Direct costs Support costs 987 51,625 11,730 25.952 12,717 77.577 Total 52,612 37,682 90,294 NET INCOMEI(EXPENDITURE) Transfers belween funds 26,607 (846) 846 25,761 Net movement in funds 25,761 25,761 RECONCILIATION OF FUNDS Total funds brought forward 704,866 704,866 TOTAL FUNDS CARRIED FORWARD 730,627 730,627 Page 9 continued...
Ardaluin Regeneration Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2023 TANGIBLE FIXED ASSETS Fixtures and fittings Freehold propety Plant and machinery Totals COST At l April 2022 and 31 March 2023 887,978 13,616 934,935 DEPRECIATION At l April 2022 Charge for year 162,107 22,200 21,337 3,001 10,610 451 194,054 25,652 At 31 March 2023 184,307 24,338 I I,061 219,706 NET BOOK VALUE At 31 March 2023 703,671 9,003 2,555 715,229 At 31 March 2022 725,871 12,004 3,006 740,881 DEBTORS.. AMOUNTS FALLING DUE wrrHIN ONE TrTAR 31.3.23 31.3.22 Other debtors Prcpayments and accrucd income 277 5,664 23,658 277 29,322 CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31.3.23 31.3.22 Bank loans and overdrafts (see note l O) Trade creditors Other creditors 11,928 11,729 31,942 2,699 3,874 6.573 55,599 Page 10 continued...
Ardaluin Regeneration Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2023 10. LOANS An analysis of the maturity of loans is given below: 31.3.23 31.3.22 Amounts falling due within one year on demand: Bank overdrafts 11,928 11. MOVEMENT IN FufiDS Net movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unrestricted funds General fund Building fund 349,611 381,016 (14,665) 9,312 9,312 344,258 371,704 730,627 715,962 TOTAL FUNDS 730,627 14,665) 715,962 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 98,452 (113,117) (14,665) Restricted funds Dept of Justice ARCS 5,941 (5,941) TOTAL FufiDS 104.393 119,058 14,665 Pagell continued.
Ardaluin Regeneration Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2023 I I. MOVEIWIENT JI¥ FUNDS - continued Comparatives for movement in funds Net movement in funds Transfers between funds At 31.3.22 At 1.1.21 Unrestricted funds General fund Building fund 312,210 392 656 26,607 10,794 11,640) 349,611 381,016 704,866 26,607 (846) 730,627 Restricted funds Other events (846) 846 TOTAL FUNDS 704,866 25,761 730,627 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement Én funds Unrestricted funds General fund 79,219 (52,612) 26,607 Restricted funds Other events Dept of Justice ARCS 25,106 11,730 (25,952) 11,730) (846) 36,836 37,682 846 TOTAL FUNDS 116,055 90,294) 25,761 Page 12 continued.
Ardaluin Regeneration Trust Notes to the FinanciaI Statements - continued for the Year Ended 31 March 2023 12. RELATED PARTY DISCLOSURES Belfast Activity Centre, a limited company with Trustees in common, looks after some of the administration on behalf of Ardaluin Regeneration Trust, while Ardaluin Regeneration Trust provide services to Belf&qt Activity Centre on a commercial basis. Included in Debtors is a balance due from Belfast Activity Centre of £277. (2022 Creditor £30,758). Page 13
Ardaluin Regeneration Trust Detailed Statement of Financial Activities for the Year Ended 31 March 2023 Period 1.1.21 to 31.3.22 Year Ended 31.3.23 INCOME AND ENDOWMENTS Donations and legacies Grants 5,941 62,519 Other trading activities Accommodation Income 97,485 53,474 Investment income Dcposit account interest 24 16 Other income Other Income 943 46 Total incoming resources 104,393 116,055 EXPEfiDITURE Charitable activities Programme costs 35,307 15,772 Support costs Finance Bank charges 120 141 Other Establishment costs Insurance Repairs and maintenance Freehold property Plant and machinery Fixtures and fittings 29,236 3,160 24,457 22,200 3,001 451 24,395 3,271 17,393 22,200 5,456 694 82,505 73,409 Governance costs Accountancy and legal fees 1,126 972 Total resources exp¢nded 119,058 90,294 Net (expenditure)lincome 14,665) 25,761 This page does not form part of the statutory financial statements Page 14