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 F￿er
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