Charity Number: 100698 Ardaluin Regeneration Trust Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2024 Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street LISBURN Co Antrim BT28 1TP
Ardaluin Regeneration Trust CONTENTS Page Trustees, and Other Information Trustees, Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Accounting Policies Notes to the Financial Statements 10-12 Supplementary Information relating to the Financial Statements 14
Ardaluin Regeneration Trust TRUSTEES. AND OTHER INFORMATION Trustees Stephen Dickson James Armstrong John Harold Baird (Resigned 10 November 2023) lan Douglas Mary Gillespie Chairperson Thomas Scott Charity Nurnber in Northern Ireland 100698 Princlpal Address Clo Belfast Activily Cenlre Barnett's Stable Yard Barnett Demesne Malone Road Belfast Co Antrim BT9 5PB Independent Examiner Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street LISBURN Co Anlrim BT28 1 TP
Ardaluin Regeneration Trust TRUSTEES, REPORT for the financial year ended 31 March 2024 The trustees present their Trustees, Report and the unaudited financial statements forthe financial year ended 31 March 2024. The financial statements are prepared in accordance with the Charitie5 Act (Northern Ireland) 2008, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}. The Trustees, Report contains the information required to be provided in the Trustees, Annual Report under the Statement of Recommended Practi ISORP) guidelines. The trustees of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees. In this report the trustees of Ardaluin Regeneration Trust present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 March 2024. Mission, Objectives and Strategy Mission Ststsment Organisation and Principal Activity Ardaluin Trust was originally formed by a Declaration of Trust dated 8 October 1970 and govemed 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 Ihe name of the Scheme to Ardaluin 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 2011. Charity Regislralion No. XT31161. Ardaluin Regeneration Trust was registered as a Charity with the Northern 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 nol-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 for young people to help them to explore and reach their full potential. The Trust provides access and accommodation to their residential propety Ardaluin House. an on-site camping site and grounds to support the promotion and delivery of personal and social development programmes. The Trust facililates 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 Northem Ireland. Belfast Activity Centre, as the approved operating partner forArdaluin 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 Ouldoor Leaming (IOL) Approved Conlinuing Personal Development (CPD) Provider Open College Neork (OCNI 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 lo Level 1 and Level 2. ASDAN Education Awarding Centre John MuirAward Group Member British Heart Foundation Affiliated Heart Start Training Provider HSE Approved Rescue Emergency Care (REC) First Aid Training Provider ART supported Revenue (Short and Longer lerm residential and camping programmes) Demand for short-lem outdoor adventure activities and longer-tenn learning outside the classroom programmes increased with high demand from the formal School's sector. Work with 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 peer and social
Ardaluin Regeneration Trust TRUSTEES, REPORT for the financial year ended 31 March 2024 communications, problem solving, molivation 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 IBAC). Structure, Governance and Management Govemanoe Governing document The charity is controlled by its goveming document, a deed of trust and constitutes an unincorporated charity. Financial Review Ardaluin Regeneration Trust seeks to comply with Best Practice in managing the fInanS of the Centre and as outlined in the Reserves policy should hold adequate reserves to cover 3 months, full running costs of the centre. The results for Ihe financial year are set out on page and additional notes are provided showing income and expenditure in grealer detail Results and Dividends Al the end of the financial year the charity has assets of £743.109 (2023 £722,535) and liabilities of £11,480 (2023 - £6,573). The net assets of the charity have increased by £15,667. Reserves Position and Policy The Board of Trustees of Ardaluin Regeneration Trust will endeavour to accumulate reserves which amount to up to six months, full operating costs of Ihe centre. The Board believes this to be an acceptable reseNe and contingency. 11 the Charity was fortunate enough to reach this amount of reserve. the Board would table a discussion as to how funds could be expended or invested, in-line with the work of the charity. Principal Risks and Uncertainties Risk Policy Risk Management is a high priority in Ihe work of the centre. Physical Risk is monitored daily due lo the nature of outdoor activities. All staff are provided with training in risk management and the Cenlre has a Health and Safely Advisory Committee of independent advisors who meet quarterly. The BAC Board are tasked wilh the Governance of the Centre. The Board carries out regular management analysis on all aspects of Ihe Centre's work. The charity engages pro-actively with legislation. standards and codes which are developed for the sector. Approved by the Board of Trustees on 29 November 2024 and signed on Its behalf by: Thomas S Chairpers
Ardaluin Regeneration Trust STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 March 2024 The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations. The law applicable to charities in Northern Ireland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the assets, liabilities and financial position of the charity as at the financial year end date and of the surplus or deficit of the chariiy and otherwise comply with the Charities Act (Northern Ireland) 2008. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply them consistently., observe the methods and principles in the Charities SORP make judgements and accounting eslimales that are reasonable and prudent- slate whether the financial statements have been prepared in accordance with applicable accounting standards, identify those standards, and note the effect and the reasons for any material departure from those standards,. and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees confirm that they have complied with the above requirements in preparing the financial statements. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure Ihat the financial statements comply wilh the Charities Act {Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevenlion and detection of fraud and other irregularities. Approved by the Board of Trustees on 29 November 2024 and signed on its behalf by: Thomas Chairpers co
Ardaluin Regeneration Trust INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF ARDALUIN REGENERATION TRUST I have examined the financial statements of the charity for the financial year ended 31 March 2024, which comprise the Statement of Financial Activities, the Balance Sheet, the Accounting Policies and the related notes. Respective responsibilities of trustees and examiner The charity's trustees are responsible forthe preparation of the financial slatemenls in accordance with Ihe requirements of the Charities Act (Northern Ireland) 2008. The charity's trustees consider Ihal an audit is not required for this financial year under the Charilies Act (Northern Ireland) 2008 and that an independent examination is required. It is my responsibility to.. examine the financial slatements under section 65 of the Charities Act., follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65(91(bl of the Charities Act., and slate whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity financial slatements as required under section 65 of the Charities Act and my examination was carried out in accordance wilh the general Directions given by the Charily Commission for Northern Ireland under section 65(9){b) of the Charities Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidenlhatW0U1d be required in an auditand consequently no opinion is given as to whether the accounts present a 'lrue and fairf view and the report is limited to those matters set out in the statement below. In connection with my examination, no matter has come to my attention which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance with section 63 of the Charities Act the financial statements do not accord with those accounting records there is fvrther information needed for a proper understanding of the accounts to be reached. Independent examiner's statement 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 to enable a proper understanding of the financial statements to be reached. John" eary FCA MCCLEARY & COMPANY LTD Chartered Accountants Garvey Studios 14 Longstone Street LISBURN Co Anlrim BT28 1TP Date: 29 November 2024
Ardaluin Regeneration Trust STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 March 2024 Unrestricted Restricted Funds Funds 2024 2024 Total Unrestricted Restricted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Notes Incoming Resources Voluntary Income Activities for generating funds Investments Other income 48,071 48,071 81,167 5,941 5,941 97,485 81,167 97,485 119 207 119 207 24 943 24 943 Total Incoming resources 81,493 48,071 129,564 98,452 5,941 104,393 Resources Expended Charitable activities 75,826 38,071 113,897 113,117 5,941 119,058 Net incomingloutgoing resources before transfers 5.667 10,000 15,667 {14,665) (14,6651 Gross transfers beeen funds Net movement in funds for the financial year 5,667 10,000 15,667 (14,6651 {14.665) Reconciliation of funds: Total funds beginning of the year 11 715,962 715,962 730,627 730.627 Total funds at the end of the year 721,629 10,000 731.629 715,962 715,962 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing adivities.
Ardaluin Regeneration Trust BALANCE SHEET as at 31 March 2024 2024 2023 Notes Fixed Assets Tangible assets 695,525 715,229 Current Assets Debtors Cash at bank and in hand 36,587 10,997 277 7,029 47,584 7,306 Creditors: Amounts falling due within one year 111,480) (6,573) Net Current Assets 36.104 733 Total Assets less Current Liabilities 731.629 715,962 Funds Restricted trust funds General fund (unrestricted) 10,000 721,629 715,962 Total funds 731,629 715.962 Approved by the Board of Trustees and authorised for issue on 29 November 2024 and signed on its behalf by Thomas Scott Chairperson
Ardaluin Regeneration Trust ACCOUNTING POLICIES for the financial year ended 31 March 2024 Basls of preparation The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Standard for Smaller Entities {Ihe FRSSEI {effeclive 1 January 2015)°, and 'The Financial Reporting Standard for Smaller Entities {effective January 2015)" Restricted funds Reslricled funds represent income reiVed which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity. Unrestricted designated funds Unrestricted funds consist of General and Designated funds. General funds represent amounts which are expendable at the discretion of the board. in furtheran of the objectives of the charity- Designated funds comprise unrestricted funds that the board has, al its discretion. set aside for particular purposes. These designalions have an administrative purpose only, and do not legally restrict the board's discretion to apply the fund. Incoming Resources Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally entitled to the income. performance conditions attached to Ihe item(s} of income have been met, the amounts involved can be measured wilh sufficient reliability and it is probable that the income will be received by the charity. Resources Expended Expenditure is analysed beeen costs of charilable activities and raising funds. The costs of each activity are separately accumulated and disclosed and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event. a transfer of economic benefits is required in settlement and the amount of Ihe obligation can be reliably measured. Support costs are those functions thal assist the work of the charity but cannot be attributed to one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measure for each acttvity. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value. over their expected useful lives as follows.. Land and buildings freehold Plant and machinery Fixlures, fittings and equipment 2 /0 on cost 200/0 on cost 20 % on cost Taxation The charity is exempt from tax on its charitable activities.
Ardaluin Regeneration Trust NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 GENERAL INFORMATION Ardaluin Regeneration Trust is a charity incorporated in Northern Ireland. The registered office of the charity is also the principal place of business of the charity. The financial statements have been presented in Pound (£) which is also the functional currency of the charity. INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2024 2023 Donations and legacies 48,071 48,071 5,941 OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds 2024 2023 Other trading activities 81,167 81.167 97.485 INVESTMENTS Unrestricted Restricted Funds Funds 2024 2023 Investments 119 119 24 OTHER INCOME Unrestricted Restricted Funds Funds 2024 2023 other income 207 207 943 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs other Costs Support Costs 2024 2023 Expenditure on charitable activites 38.328 75,569 113,897 119,058 SUPPORT COSTS Charitable Activities 2024 2023 Support 75,569 75,569 83,751 ANALYSIS OF SUPPORT COSTS 2024 2023 Support 75,569 83,751 NET INCOMING RESOURCES 2024 2023 Net Incoming Resources are statsd after chargingl{crediting): Depreciation of tangible assets 19.704 25.652 10
continued Ardaluin Regeneration Trust NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 INVESTMENT AND OTHER INCOME 2024 2023 Bank interest 119 24 TANGIBLE FIXED ASSETS Land and buildings freehold Plant and Fixtures, machinery fittings and equipment Total Cost At 31 March 2024 887,978 33.341 13,616 934,935 Depreciation At 1 April 2023 Charge for the financial year 184,307 13,316 24,338 5.729 11,061 659 219.706 19,704 At 31 March 2024 197,623 30,067 11,720 239.410 Net book value At 31 March 2024 690,355 3,274 1,896 695,525 At 31 March 2023 703,671 9,003 2,555 715,229 DEBTORS 2024 2023 Other debtors Prepayments and accrued income 30.987 5,600 277 36,587 277 CREDITORS Amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income 589 10,891 2,699 3.874 11,480 6,573 10. RESERVES Funds Total Surplusl(Deficit) for the financial year 15,667 15,667 At the end of the year 15,667 715,962 731,629 11
continued Ardaluin Regeneration Trust NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 11. FUNDS 11.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds At 1 April 2022 Movement during the financial year 730,627 (14,665) 730,627 (14.665) At 31 March 2023 Movement during the financial year 715,962 5.667 715,962 15,667 10,000 At 31 March 2024 721,629 10,000 731,629 11.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance Income Expenditure Transfers between funds Balance 31 March 2024 2023 Restricted funds Dept of Justice ARCS Big Lottery - Dormant Accounts 9,650 38,421 9,650 28,421 10,000 48,071 38,071 10,000 Unrestricted funds Unrestricted General Building Fund 344,258 371,704 81,493 75,826 9,312 19.312) 359,237 362,392 715,962 81.493 (75,826) 721,629 Totsl funds 715.962 129,564 113.897 731.629 11.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets harity use Current assets Current liabilities Total Restricted trusl funds 10.000 10,000 Unrestricted general funds 695.525 37,584 (11,480) 721,629 695,525 47,584 111,4801 731,629 12. TRUSTEES. REMUNERATION There were no trustees, remuneration or benefits for the year ended 31 March 2024 nor for the period ended 31 March 2023 13. RELATED PARTY TRANSACTIONS Belfast Aclivity Centre. a limited company with Trustees in common, looks after some of the administration in behalf of Ardaluin Regeneration Trust, whilst Ardaluin Regeneration trust provides services to Belfast Activity Centre on a commercial basis. Included in Debtors is a balance due from Belfast Activity Centre of £30,987. (2023 £277) 14. POST-BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-end. 12
ARDALUIN REGENERATION TRUST SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
Ardaluin Regeneration Trust SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operaling Statement for the finanaal year ended 31 March 2024 2024 2023 Income Unreslricted grants Accommodalion Income Other income 48,071 81.167 207 5,941 97.485 943 129.445 104,369 Cost of generating funds Programme costs 38,328 35.307 38,328 35.307 Gross surplus 91.117 69,062 Expenses Establishment costs Insurance Repairs and maintenance Accountancy Bank charges Depreciation 44,973 3,777 5,893 1,095 127 19,704 29.236 3,160 24,457 1,126 120 25,652 75.569 83,751 Miscellaneous income Bank interest 119 24 Net surplusl(deficit) 15,667 {14,665)