Company Registration Number- N1028850 The Charity Registration Number is :. NIC100924 Rathfriland and District Regeneration Company Ltd Report and Accounts 31 May 2023 Rathfrlland and Dlstrfct Reg8narallon Company Ltd Report and accounts for tho y•ar •nded 31 May 2023 Cont•nts Pag• Trustse$' Annual R•wt Ind•pend•nt audltor's report 1-13 1416 Funds Stataments... Staternent of FIr￿ClaI Aclivilps Sl81gmont of Financial Ad1vil￿- Prwy Year sta10r￿n1 Resources applw to fixed a$5els for charity use Movernènt in funds Income and ExperKliture aCco￿l Balance sheèt 18 19 20 21 22 Notes to the accounts 2>31 R•thlrUarKt •nd DIB¢rkt R•qv•tlon Comp*ny Ltd Trus1￿$. Annual R8pDrt forthe ￿ar ended 31 May 2023 in R•thfrM•rKI Distrid Regengratkn Compny Lld Cthryany Wsb*JJn14un*¥.NW)286 Trustees. Annual Report tor the year ended 31 May 2023 25ChurthSryar• F¥Jd• OomihyJthlW• tYi¢kRffl•rty G•tyty• Jirn¥•FCA ¢•ih•rtn• CuNAT*I91 Sprn F￿d¥ R•thfrl•nd Ind Olstrkt R•yMr•tknn Compwry L Trust￿$. Annual Rwrt for the year ¢nd•d 31 IAay 2023 ObiKts and actlvrtl¢¥ oltho tharlty pwF4e ¥brthArrk 6yperw Id) safelya)J prPrt￿dCri PnnclpalA¢llvltkn8 Crnmmi I￿¥Y w* ¢ompwylook &vanlape of frDm Furyj for Irdbndam Dep*imeni Ity for PLJrwol **$ ity accomodgiKffj lor 5w4ès. wofor&W ￿ r&t•% of X6in9 be￿fit f* peorAes*c*d S*￿Th5 4ght th￿CL1t￿ The ￿A) retsd thrts *rè ofawoxinatdy£5.rm£l￿ P￿1v￿ar4 Tty ID a seWYR￿ for use by ADHD èrétskniknr woi4wn5 oryj d*rts ￿ Swnbor￿1g ard urdl t￿ o degieeol we. to t*let AS *•s *D lorted w dose. The Or**l(ys ir•Yry ar* IhB uriilaywnwfor ¥(ffie ONCEAG4JN•ll a IXPW *(•.11 r*t to rithl df•¢t froffl 1st Jthj 2021. PathM1a￿l and OislrKt Company Lld CtyryanyRryi¥tr*%Jfi f4unthr. r4152WO Trustp•s' Annual Roport for tho y•ar •nd•d 31 2023 In I9￿ ￿ compsny awtrw a ¢1 Eer0.(￿ Dl frwn Commiss￿. 8•nbrte Cw IBDC). Central Comffp￿nY Fidalcm Lkmtottro N.1. Dwartrth ar￿ ar¢Rathfr4arYJ Prtrschrd 10 a COMM￿ sle il Jotrn stree1th￿ was part ofts BDC fLThIIry WKI the g¢W Ha)y10￿$ thal a s•wats tsJ¢ot*tfacth ¥thnthD fiirtlw Of￿ buldty Vias fc trot Gr(ws (W)use. Tr* ¢Cfflpa￿ ioc* possesw ol Cw*eRI Mty 1998 ￿ by tr£ sumffwol 19)9 li bKame 4WPlqrttr&l lutwe Ll the Ctsmmffty c*￿Te ￿pp￿thd Up￿ rmrwfij tme 3￿tat￿e arrtl >r*lry rapw A4rewnert ¥ffjS Ttath80 YAth al li* boK*s corwned it01 L4wwhp. ar￿ resp¢rtitlldyk wkeep ofthe Cefft trar&f¥red to BariYOJe D$trit CDLrd ￿ has Thmbeen SU￿ In￿ IP*f*wknagh Crty. Barth￿0* ￿ Cr•¥J*von C0J￿1 Tho Ccrnmur* 8111 ryW8lif4 Iv8inry fxlit*S IhetM distrtlr￿er5 *1 Écrfne swe dads. 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Cancer Resgwt* U.K.. RAihtrlwd Brar¢h. Nothrn Arn￿kn¢ Proslaie U.K Lrfor fe¥wIadonalv￿ was wen to W PaLIWryldkn Proswe a5 a Yw, for(b2natiry part L*e molhefs pernty*l I1￿$ •Tr1 to IIBHSC Dgpmgrd [cYCh￿l￿a$ glfts to lh& cr4dreD Port￿rtY 10 in shw. Y¢Nxw•r ¢•Th LrS• * as • m••rYd Dt** or EdIn￿9￿A￿•d Schwne a￿1 l¢x gvestr*rn tre op￿r￿￿Y iothYerll*r swvw8 fry thB bènefl crflhe eMe¢￿dY. Il•ihfrM*rnl D18tr1d R•gwwratk>n Cofflpany Lld Tru$lq05' Annual Report fwthe year ¢nd¢d 31 May 2023 Ths bL*ary hBd rmtyirwly bo•n ol OtJth knyjn •rdthen 5kn1&lylw tt15 5rth Dr I hom8 dwab8rt end Lfy8iryJham *)J l *0 s￿1$ IyJ5rffts5 ofll* late Sgarnts L8v*ry. In Au 2013 ihB demw ol Mrs il was by th￿(1￿￿P*￿ IL* £74fiMk Ittso th2 ithbon cl ec0rnP￿ to Ii¥n it ir#0 a g￿t 8y ajttsrnn d20141tteuTrnpany W ab3rth*d ttre idea gusst Iwe dectyyed to b￿￿ry 8 Ctynrrwty ALegxy Gram Ifrrn Distr￿£ COUTr￿ Icra Wop otrErth&w4¥n8rt*vJ offre ¢s￿l51￿d￿ tho rcun *¥J kiLe￿n re¥that&. F￿re￿>¥abOr6 t4*re wWert*en to 10 tr*latesl & SAf*y be￿[11 (r￿n ts N3lb￿ LaMwyAvwds loi iiwAfamod r40 b mdomtrxbt 4rw. CharM41er& House 27 ChLY¢b Ths was ègnk of [rdÈ￿t￿y a Gr•Js 8 15tsd ¥hchthe e4Yk¥Wty8•* a5 a roJl)mffj¥p•cerawJ 16rye fc¢&S4 by ￿ ¢LYnmwAty. Th• fv81 **ni iot¥ •l th• Pc4Ah rxgahwd byty TrelxAdry ren1M￿ Chanthw5 HcMEe1O1* a cardè ofrjaty ITh ￿ 2014 thvirg rec￿* ¥ tom K*ty WIS￿ 8 ¥A% grarW 10 to a c*é ￿ ttsim fxll¥ ¥A1 8 desk LYSry some of ts rty7w￿ FOrt5 bw's (Jxrter. F¥e ￿ Hestth knagh Cty, 8aWe CraK)4von B￿0￿Jh c(#￿1 1st 2020. 9t¢4$81￿ dasses and R81hin￿ Bridge CIthtrK&J5 ￿thj. rA•ur4 M￿￿4$pa￿eV￿s crAnrAded ¢£6t ￿the S*Lied wa4 £146,1￿ hwjb rexeweo ftyn. Ga￿ we51c￿ F￿1r&I￿)n. EW•1M￿ V•a9e C¥absi FLThd. IJ$w G•rdgn Illa9es tho Nmm Ird8ryJ HoLwng Execthkn *ttha Ir(*rt th8 kn*11￿¥1 Hertapg Thfrfc4mÈr JL dO￿0p•4 at r•Br. Mo In Fobiu*y2017 (wofthB reteil in crtJrnm￿S troJlthr4 bgc•n• arK1 tvaS as 8 rwup by IYKE T*om part ol ine PEACE Iv ￿nt V* (k)ots cl MolyPkn)'s ki Septemw 2019. ts n*me havry been pernitssm￿ oftr* lamlyofa1￿￿ YDu￿ p* bÈlrye bwEfftfrtyn I￿ Ot In• IAchty. S4nsory Fl￿ffl in nwryol ￿(tI•m6 aNoel ¢r4dretL Serw RcL¥n had dc¢ed(knYJ ine CowvJ19 lt5knc￿ a trwh rAearffiJ iGalian EAtensiv$ th WA5 catrwj In bj CthwrnM*"LMl¥¥ Up" FLThJ. Mooirys*A•r• W %*th ar￿ary*r￿s. t¢ry recep￿ frcth Upthwimem. thmai*tr¢ w•¥ un8Lt¢es¥fi R8thfrlland ar￿ Dlslrict R•gen•rthn CompanyLld c￿nY Rtyistra*n t4urts. Nk12885 Trustees, Annual R•port lor th• y••r 31 May 2023 ke ￿ (trrCWbes LW811ry w Nffit*m Ir￿ the came LWthtrÈre9L￿ oftreCWCommGSth Ntritsm 1fda￿ ICCNII Ind thx forrrd 2014. Regstrkn k¥tyed lo and N(ttSS tre compart<è 014'tttsU8u5e rt$ trryn 1994 w dernl 10 b• nei lotVc4urnary IN￿￿) tr) Oem8ni. Tris ¥J ￿ v0ryty0j￿*•Y¥r￿knJ io N￿A Compaw m￿￿¥[¢*atvthlO CCNI ttsfonr* CCPI rts ¢¢￿￿ON Jarx YJ16 this ￿r￿YI0pè55 r*C&swYSp*￿ R&SLth￿ rfs Ifnh F&D¢u￿2016. AccYydl￿ nv* Artir*swaso•p05tsdxith Ccthp•M5 HOUW It* CCNI r•gtsiw•J eornparyas a re￿at￿￿nuMb￿r NICIiYe24 Mith eff¢ttfKffl 201& R•thfrM•nd *nd olstrkt R•9￿q￿l￿)Tr Company Ltsl Tru5t805' Annual Roport for ¢h¢ year 8nd8d 31 thlay 2023 In r￿31￿ tooble¢i$4.1 lal. Ibk Icl & Itll. educalion Cclw 88 pr481• mr1￿. Th• dov*werl cltho Ccfflrntsity H￿1 ¢troThYers tro5 to ofter ro(*ns Sjzes 1￿coMM￿ ￿￿) * 8 #trpètthr4faciitws craft¢L49￿. dasw. cJ•$8es. lftewy d888ts, S•fety ￿res. matt* pwents dasses. swa Rdax Ws W$ Lwjhts Ckn ￿ assttk4W S8nt8 vtsil have made (xtr prernE￿ avalat4e lor ￿￿ertal￿rA. A of we *lM1¥5 COrtrbJi• b thg S¢￿ 8r¥J W*offw¢r4YMuths fLY vc4Jm*i ar41 *1)rk yCAfQ rw18 Dukeol eththsgh Awd Yow Fwle have (Wx￿￿Yto ￿ld CV sklL%. ￿•￿1¢￿1￿￿S andgain conrth*e in ahlity kn enw Ihe WB c¢JlatAyaie kxal ¢ornmLrty Safety Pathr4hP lh• rJ￿ ale btrtter sot4¥skk. haFrThss ard r*tys(¥ wplow batt8r$klleJ Wecan d•mongtTate benefit51rorn th• ¢p* yw¥ pJor4e Ihemsth4s. ththr P#￿L< And ￿Tir W•h3ve*tsuiS￿y a kkn's rrthofal ay&8 a wu*basts s￿$ supmeach t￿ of Wh wdlb ¥d*rarl• siNJ• wrscffl. The ty•r•ffit ￿ that thgy ￿ Iwo th[￿e￿lIVeS * have a homekn meet ththr r*￿S al￿ eTr3t* thèm pl ￿ b& ￿ oftr* ctsmr48x ￿ onit4WJ a Y￿Y￿￿ ofc*cupw sw i opwtsj i) I Hub ary5 Cha*$ ￿r￿e inagrewwe8 t*w¢ofv4 resx*tsof Ratldrlxd In c4 or4•X14.21 * na*wLqLlistr*d s**ctyG￿ B.C. IM8rwd hsw( O'H*a emythj io 1846•pJ 16. Them mofMdAL9￿ts Sc*•tsrt and rr*7rfed to Cwada threityjrir4&J tre mrfaTrJeF5 of 1&51 in th￿T tr& overthe Pttkies to Brhtsh Cdurth. Tkn Ih o￿niu￿￿ s¢ttysd kn the Uyot In 2018￿* h￿3 wsl fv(ffi ￿￿0Zen IrvJuL*y a fi*thnl vtsts fr￿￿ AtmstrTh4 are m Eurow UJL recy{ya￿ by w￿5 lo Reiistr*)Il1￿1ts. N*128850 Trush••' Annual R•port lor th• y•ar •ndgd 31 M•y 2025 Prfvat• ieeip*rt CharItyw￿ m ffleans to 8dvartt itr•m of Ratt￿rI￿ SLYr(ArtiVJ wea WOVlStilOt evwts •*1 •moL by ¥>meeltr* te4wwMerts otfv rxthe of E4Ylwh 8t¥¥d events by¥r•JThtLws*tsgrie The fftaln achlevements and Perf￿anGe charfty dwlnq the y. DAERA TAPARurdl Cryrfal 14knGrwrt£82&43 Educa￿n AutfvrrityEI.fA Art$ DINI (S￿ t9.fK Arf$ ofNI (R￿¥) £9.1￿) Jokn l•xrfes Fw[Kla1r￿ £4.9¥J Nat1)n￿ Lotlgry FLThI t10.( *L8C £4.130 Ch•nd•rn H￿j10 Gv•rtln¢•A*: iAsler Gard•hvthg•É £50.0￿) ArGhtectur4 Fkniiage £YJ.QOO Dvpl fr*Commw1b￿. cat￿ £124.2Ql.> ArTKld t*th C￿nmu￿Furt £1,f Nortlwn IidBrYJ Ew*¥e£22.eLX) C(xrtl M. Arts ¥￿I￿￿e1.(A￿tr Granl f4JmpQ443.20 Air olils wgnis trJsrnsse5. I84[￿￿$ SLKrnsslJ l*b)ry¥xI th•1 i￿tAl)￿ A9 IM CCNI 15 clxKwr￿. H￿•T￿tr. R¢9enwabx aTrJ TAR4Nwo meTthr ￿ a5 thed￿Ctor￿ are fiiTrty ol wi re￿ fortrÈ rgsA*rts aThSknr￿5seB ol IhOCOmThY•Ly rtsdfgets Inv(thd. In Ordèrio cortiw arO rt5 Myk rt vw A￿#￿￿WfflqrntrarS￿0 ¥vll brry thth Ittttt MI￿$. ￿taS so wè r•eo Yw lo Tho t¢Ynpany mèeL8•¥ery inty mr*th. wtha Nrnbwol extra s[￿￿¢ rrtKt￿Es a5 requ￿1 &5 Comrrythty HLt*. 25 Squm R•tr*knagthrt*¥ ￿ 7.xj Fffl. 1ry8 du R*thI￿lInd and Dbsttht Regwwatlon CompAny Ltd Trugt¢os' Annual Report f+X the ya4r •nd•d 31 May 2023 StsuGtur•. 9O*rrw￿ and M￿*gernent oflhè chority liusw of Ine Charty￿fj Ine ark1 tt*. to conp*V$ M￿t￿r￿￿e mernbus ar Tke CnaTty ts 8 Iwled drffweN dass•s men*érs ther￿l lov￿* Tlwe members in a 8oarJ dclrectors al Meew ¥tKltt*se thcloF5 take t are wuired by 14w. Tr cornpwy been w membw thwen Bl c**r r ¢rrtrover&a dec$￿Jn$W¢ l*en try n%mthYS al e3ch n*etiry ¢¥ed Ity PLW6. Rathfrland District R•gengr*v)n Cgmp8DyLtd Trust¥e$' Annual Repgrt lorthe yoar •nd•d 31 IAay 2023 Pon•￿1￿ MvS•w Th• ¢h•rfly* Iln•ncl•lpoWon *th• •nd •lfv>w•nd•dJl Il•y2023 N•t l•Jp•nd4w•V 31.457 F￿dI 531.457 Fln4nd•lr•¥rfowolth• •t th• rw¥ng d•ty 31 IA•y1023. Tru¥l88s' Annual Report for the year ended 31 May 2023 Tl* crJmfAny Is hrnrfdd tywwtse and Y*reforet¢$ r• shareL*¥. AS wt clts fknv*nernF4arr Ir• pnonty Charity ts to UlyOSLrW￿ rB5¢rw5 ¢051& respect dexh f￿ty. Tru$tees' Annual Report forth8 y•aT èndBd 31 May 2023 D•lalls ol Tho ALwJtor Mt 8¢n R&Y￿d￿￿GA 6T34 %AE Statèment as to di#£l¢)suve of i1rform￿ tg *ittiYs alTF*rets ro relwant aLK*i mf the Chariry Conjtuission ID Nonhern Irelattd IccNn, effective January 2016 ffhe SORPI uTrJ¢r th¢ historical ¢0sr coThv¢rtii¢)n and iv •¢¢ordance wiilJ the accounting rK)liLies set on pages ?2-30, which framem.￿k eonstiiu¢¢s the wlicabk United Kingdom C*ncr#ity Accepied A¢¢oUTh1￿ Praai lil our opiiii￿1 the Jccoiiiils Give ti tDJe a￿j fair wicw. of the stste ot the cban.￿S affairs al 31 .May 20?3 atld olits llKoming re￿￿￿¢¢5 ond appikcation ot. re5ource5 for the year Ihen ethled. have prqjerly prep3red LE ai¢ordallee ivitll Dwted kngdom c￿e[al￿ Aci*￿ed AC￿unting Practice: aad have b¢¢n prepared in &LwdanLe witli th¢ r¢qU1￿MentS of The co￿￿an1#S A¢t IOIJ6. B?si5 of ownion We wr authi iti accordatK¢ with 10tcrnati￿al Sta￿8￿￿ Audw IUKI {ISAs (UKI} and #ppliLable law. Our r¢5poAsibiliiic5 UTxi¢r those standards arE fwther de5cribd iD the A￿lItOr'S r¢sw)sibiliii&s for the audit of the arrout)ts section of our repoN. Ive are ind¢rtndent of tbe compaoy in a¢Corda￿e 44ith the ethical requiremeoty that arr r¢le%¥ni io our audit of the accounts in the UK. iTKludin¥ the FRC.'5 Ethiral Standard. 8nd the pThisior6 •vdikb]e small tlltitie5, in CircuTnSta￿es sa oui b¢bM'. we hav¢ fthfillld our oth¢r ¢thiol responsibiliti¢s in accordance wilh these rquiraTKnts. We believe that th¢ aL¥lit evtden¢e w¢ hai'e obtained is 4uffi¢ieni and appropriaie io prowde a ba515 foTour opinion. In accoTdatKt with the exernpuon pioNided bj FRCS Ethitsl Standard - Provisioos Avai]abk for Auth"ts of Smau EniitL¢S. we have assisiiyl %vith the preparation of the accoutLIS. Conclu5knt)s relgtlTr8 to golng ¢ontern In audiling the rjnallciai s￿t￿lleD￿. we iJave concluded thai the direc10￿. w%e of the 801￿ con¢¢m basis of accouiilill¥ in the pr¢paraiion of the finart¢Jal Slaten￿l￿ 1$ appropriat¢. Our evaluaiion of the dir%XTOfS' assess￿￿nI of th¢ Lompanys abiliry to ¢otitirtue to adopi the going w)¢ern basis of accouniing i￿luded the following.. We ¢onsid¢red as p&rt of our audii risk a55e>STWJt of the nature of the ¢ompan)'. its business tTh>del and re]aied risks including th¢ Lmp•Li of fovid_19 palldemiL, the rquirements of the applEcabJe fiiyJiiciaJ rwinx IrtsmL'W()rk ond ￿ sy5km of irtiernal ccints'ol. W¢ ¢valuaied Ihe direc1￿s. 2ss¢ssn*ni ot-the Lompan￿5 abiliry 10 ¢oniinue as a ftoing ¢￿¥¢rrt. iniluding ihallenning th¢ underlyingdaia Jnd kL) s¥umpli￿$ used u) make th¢ ¢i'aluatd th¢ Jiwtorb. plans for fu¢uT¥ a¢i*ons In rilaiion io Ilicir goin¥ Lon￿e￿ a$gcsgmtnL B&sed on ik work we have perfomie4 we hav¢ id¢nlified any tna*rial unc¢rtainti¢5 r¢laiing ￿ e%'cni& or condiiion$ tha It￿1%.]duall) or colkctivety, maj cast signJti£ant doubi on ibc ctswys ability ￿ c(xKinuc as a going ¢otsccm tor a pCrI￿ ot ￿ l¢a$t twL'lv¢ Irorn when Ihe fJnanLiai sraiemcrtts arr auilM)rised fur i*sue. Our TtsponsibilitiQ4 and the r&￿￿4]hi]I¢l¢S orth¢ dThtttors ivith re5W logoin8 are desenThed in the reievaLI sefflion5 of dii% report. 14 Re#eneratlon Company Ltd Independent auditors.￿POrt to the Members of Rathlrlland and Dtstrfct Regeneratlon Company Ltd on the accounts for the year ondfjd 31 May 2022 Other inforM•l￿n oih¢r Jnlormaiion ¢omprises the inforn￿ll0D In¢liided Én Ihe repon and accOw￿, other Ih8n ihe accounts and our auditor's rtpoii thueon. The d￿￿torS are r¥¥￿n5]b￿ tor th¢ oikn infoTll]atioTL Our on the acrounts d￿S not wv¢r the oiheT ii)fonnatioll and. exL¢pl ￿ the exieni oth¢rwise expli¢idy sthied in T¢pon. we th) n(rt ¢xpress any r(rm ofa5suran¢¢ ronclu5Kin th¢r¢un. In eonngriion iih our audit of ihe accounts. (Njr respoTL%ibility is to re&J other Jnfortnaiirt thai faci. 'e have ￿thIng 10 re[￿ in this regard. Oplnlon on olhermatters prescrlbedby the Companles Act 2006 IJJ opioion. based on the w(¥k utKlertsken in the ¢OUTse of the audiL' th¢ information 8l%tn in the directtws, rwrt for the fiMn¢ial year ftr m.hirh rh¢ accounts ar¢ pr¢par￿1 ts consisierbi M'ith Ihe cCOL￿1$. and the directors. report ha5 bc¢Th prepared in.arwrdance ivith opplithle Iqal rquir¢men￿. Mr￿E￿ whic'h we repvrt ty tTreptsp We havt nothJDgto ieport ill respect of ihe followmg nwtters the Cojnpawes Aa 20(kS requires us 10 rew to )￿U it. in our inion.. adequ*e xcounting records have not been k¢pt. orTe1u￿￿ adequate forour aL¥Jii hai"e not been reteived frotn brdnclies not VlSitcd by us: or the ￿counts are w In agr￿ment with th¢ a¢¢owiiing records a￿j r¢rurn5' or ¢rtain disclosures of dI￿lor5. r￿U￿tratIOTS $petified by law art not made: or M'c hai"c Ixot r¢¢411"¢d all thc infonnation and eKplanaiions Mc Tcquire for 4udtt: or the direcroTS w¢r¢ nor entitled ro prepare tl* ￿0vnI$ in a¢COrda￿e with the small ¢L￿PAnIc5 regime atxl ¥k¢ advantage of the small ¢ompani¢s' exempiion in prepawin¥ th¢ direclors. rq￿ aDd ￿k¢ ot" the smill coJ]Pllie• ¢x¢mpiion trom th¢ Lfqulremetti ￿ prepare a strdiegic reFMrt R••ponsibilltle• of dlrnetorn As ¢xplaLn¢d TT10￿ tully in Ihe dIrec￿r$. rwtt$ibililt¢S $lal¢mcnL the directors are ￿N)nSIbIl for thc prLparai¢on of the ii¢ount$ an for being ￿t18r1ed that they yve a mie and fair view, aTht for irbtmal control as the dsTeLtors dotemiin¢ is n¢c¢ssary to ¢ndbl¢ the prepar￿lon of accounts that a￿ Irc¢ from Mi5slat£M￿ wbc1￿ duc to frntyj or cmr. In poparing Ihe alLoun￿ Ihe direLIiKb drt r¢spvnsibl¢ for £tsscssJng the company's abiliti. io wniinu¢ as a going ivficem. disclosinn as appliiabk. martc￿ reL3icd to going ¥on¢¢rn and using Ihi wng b&%is of Jrcouniins unl¢s5 th¢ dir￿10￿8 eithu In￿nd ia liquidatc thc coTh]pany cff to cwaiions. orba%c noThlisti¢ alternati￿¢ bur to do so. Audllor'5 reypoD51bllllles lor the audlt of ilxe Aceownts Our objerfives are 10 obt¥in re¥5(Trllabl¢ assLrancE about %Tr'lLether the accounts as a w'hole are fv In)m rnt¢riai mi5514t¢￿¢￿1. w'hether due 10 fra￿1 or error. 2Th110 is5￿ an audi1￿"5 re￿￿1 Ibai Incl￿ our opinioL Re&￿ttable assuranc¢ is a hish l¢v¢l of assurancc. but is not a kuaJanrE¢ ihal an audii ronduLied in accoTdance y'ith JS.4s (L￿} will alway4 drtwr a Th3lerial Tnis51aieinent ￿.lien it exists. Mis￿ateMentS ¢on arise tr4)m iraud ￿ ern>r aud are coL8idered maieriai if, individually (Y ill tlr aggrwle, thcy C￿ld re&ouably b¢ expected io influ*Jce eCOw￿l£ d￿]5]0￿$ ofwrr5 taken OD ibe b8Si5 ofthese aecththts. I￿¢gU73rlt1¢S. irKluding frdwj. are insonc¢s of noTrc(wl1ar￿ wilh Jaws and re8ulaiions. W¢ design pr￿1￿¢$ in line ivith our r¢tspoiiaibiliiics. outlined &boi"e. ro delect iNr¢riol misstsletl*lllS Ln res￿1 of I￿¢suIar1￿ts. in¢luding fraud. The SFKcific procedures for this ew¥emeot atsl the to whictl these are ¢aJxble of derect]ttg irtyl8riti¢& inchuling fraud is dethiied below '. 15 R•gen¢ratlon Comp•hy Lld Independent auditors'report to the Members of Rathfrlland and Dlstrfct Rgg•neratlon Company Ltd on the accounts for the year ended 31 May 2022 and, In idLThtifying Jnd a&￿$S1n8 risks of Lnaieri81 misstMem¢ni in resF#t of irr¢gu18rities. iDdudiog frdLyJ and [K>llp¢omplia￿e y'ith laws and regulatio1]& I4"¢ considered the followin¥'. I￿ nature ofthe and serior, con¢ToI envi10￿ and bu5inw wr￿Ce results ofour eD4uiries ol mwvement aboiil their idenisficaituh and aSbessTDellt of the risks of i￿t81118r1￿es lared any n)a¢tds which w¢ have ithtiiied havinB obtained from nRna8emtht w"hethu they %ver¢ aware of any instances of non- compliance otrj Whe¢1￿ they hake know"ledbr of an> aciutsL susp¢¥ied ￿ ull¢8cd fra￿3. ord r¢¥iewing the iiii¢mal Liniuols e#&blishd 10 niitigaie risk of fraud or ￿0￿ComplIance Lav*'S and regulaiions: and rnaiL¢rs discussed the en8ag¢JJYDI team re8ardutg Iw aNI trawl might (Kcur iti the finth¢ial s￿￿M¢n[S and any potenpal indicaioTS of fraud. As a rc&ilt of these procedures wt have Identif￿ ibe greatr￿ p)le￿i#l fc¢ fraud ill greas *"hich mwgell*ni is to excrcis¢ SL¥nificantjiidg¢imt. tn ci7rD￿ll with all audits under ISA'S (UKI. we also rcquired 10 perforni s￿lfiC procedures ￿ respmd io the risk ot'man2g¢meDI override. Ive a]so ￿￿illed an undersLinth'ng vf the legal and r¢gulaE4>ry' f￿M￿VorL. Ihal the Ctsmp2n)' Lty)Lraw's In, focusing on PTovi%ions of th￿¢ lai4's and r¢¥ulaiions that had a dired efico on the d¢temiinalio* of Trntcrial arnoun￿ and di5cIo%iJfeb in thc fllwKial sthtctwits. Thc kth laws aDd re￿￿tiO￿9 4'c consid¢rcd in thi's COn￿l intludcd th¢ UK Compgnies Aci. pctLsion and thx isjaijon. ITh addlu0￿ we consideted pruvi5ioThs ofother laws and ￿£10￿& that do n4M a diff£l erteci the fiLuncial s￿le￿(￿ts bur conipliar*e with wlii¢lb may k fvndamenral ￿ tlK ConipanYs abilitj ro op¢ratc or to avoid a matrrial pcnalry. These inrludcd ¢Ja14 prLIIEciion. empioynynt, c￿¥7[0)7￿￿￿tal and beahh and 5afct)' regu]3110￿. udll r .49 a result of performing the abov< we i&mif*d ihe potential for n¥nagement override of the Contro￿ 8$ 4 key audit matter r¢laied io thc pomi¢iol risk of froud. Our pffKedwr4 ￿ reS[￿j to the risk5 wjentified ill¢luded the following.. iewing th¢ financi￿ staten￿l di5¢1ck%uTe5 and tes1in8 10 sukwrting do¢wMiaii(41 io assess wmpliance with prth1s1￿iS of ievaDI bws arKI regthi1onsde5cri￿d as haviDs* dirwl ¢fftrion th¢ fitWtti81 StslLineats: ewuirin8 of mllno8eff*nt CLwerning actuJl 4Th1 p)leDlial litig￿¥)0 and clairrfj,. p¢rfomsng atta1￿1¢al procedures io id¢ntify any or ￿￿Xpec￿ re1￿10n$hIps ihai nBny i￿11¢3* risks of material misstllicmcni to fraud.. reading minutes of mcdillAS of th(*e chatBed with 80s%rnance' •tMI in addressing the risk of fra￿ ilEr(w8h $nanagen￿li ovcrride rfcontrols. testin8 the appwTiatertSS 4)fiournal entrÈes and Ixher adjUSM￿lS. &%sessittg whether the judgerrtnts Trwde in nmking aCCOUDting estimaies are indicali%e ora poielliial bias: ￿ld xluaiJn8 th¢ business rati￿￿le ufall}' Si￿￿rICa￿l Irans2ttions that * uttusu8101 thltside the Nbmjal course of busintss. We also cotnusunicated relN"ant idelltified la￿￿ and re8ulatio2Js tK)teNial tra￿j risks io all cngagea)uJ( team Djem￿ and remained lo &ny ijxtiLuEithJ& u(frnud or t￿n-L￿Will￿￿* w'ith ￿Mu1￿(lUnS th[￿gh￿ul thl gudil. A tsrther de*ripiion of ¢yJr r¢sw￿S¢bl1lIt¢s for the a￿511 of the financial sL¥lemen￿ Is located on the FinJnciaJ Reporting Coun¢il'5 'cbsiic at M"ww.Irc.0rg.u￿,UYd1rtsrsrgsPo￿¥Ibiliues. This dwripiioo pArt ol'our audiiors repoTL LTse Dfnur report Thi5 repon is made solely kn Ihe cowgs nYnth￿s. as a TrK*ly. in accordanee with Thapter 3 of Pan 16 of ihe Cornpanies Aer 2006. OUT 3udil work h85 ￿en undertskffll 50 that we mi¥kt slate to the cornpalli's members thos¢ Tnalters we are r¢quirth lo stale ¢0 than n a￿￿1¢01S report aTrJ for Th) other purpose. To the fullest eAi¢ni pern￿lled by law. Ive do noi accept tsr assume responsibility io anyor)¢ other lh¢ rompany and th¢ cwnpanls memb¢T5 as a brM4v. for our a￿1rf work. for thi$ rwn, or for ihe opit)ions Vie hai'e f¢med. hlr Ben Reynolds ACA (Senlor Statutory Audltorl on behalf of Fitzpatrick & Ke•m6y Llmited Chartered Accountants and Statutw Audbrs 1k Mar￿3 Squar* Newry Co. BT34 1AE 23 M•y 2024 16 Rathfrlland and Dlstrlct Regeneration Company Ltd - Statemenl of Flnancial Actlvltles f the year ènded 31 May 2023 Statement of Financial Activities (including the Income and ExpendiTture Account for th• ygar ended 31 Alay 2023. as required by th• Companles A¢t 2006) SORP Currentyear Uthr•stri¢l•d Fund¥ CurT•nty•ar CurTrnty•ar ToiaF Fw¢s Prfor Year Total Fuffid8 Fund¥ 2023 2DZJ 2021 Inwm• & Endowmants frwi: Donaliorts & L8gacl Charltstrle acbvtties Other tr*Jing xtMtiO Inveslments A1 16,863 15. 17.542 15,￿3 32.016 15,803 17.542 35,332 20.650 17.936 26.025 Total Sncomè 15.203 100.743 66.611 Expenditure on: Clwitstle actiwbes 82 15.203 9&841 62.548 Totsl expenditure 83.63 15.203 98.841 61548 N•t lexpendilurey In￿rne for yvar 1,902 4063 N•t Incom aft•r trJn•f• 1.902 1.W2 4,063 Net M0￿ment In fund• 1.902 1.902 41x3 R•¢on¢4lallon Of fund•:. Ttstsl fund• brou9ht forwwd $31.457 531AST 527.394 Total fvbxl• ¢ath•d for*• 533.3S9 533.359 531.457 T￿'SORp Ref irKIic*d the is thts da5StfiCabQ￿ Ll inerTh7 set wt in the fcmd SORP th￿rnents. As r8quir8d pwagraph 4.60of fv SORP, the tmvght fotwJd atMI tsr[1￿j foN*d lurKts aLMNe wareed lo the B*n Sheet. A 58p8rat8 Statem8ntofTc481 Rwnis8d Gairts aTrJ ￿)$585 is wirad a5 this ststamant incknes al reccgnis& gakns aThY losse& AJI actiwlies derive from CLfflb'nuing cperaiKsns The notes attached on pages 23 to 31 forni an integral part of these account& 17 Rathfrlland and Dlstrlct Regenerailon Company Ltd - Statement of Flnandal Actlvlties for tho ygar ended 31 May 2023 Rathfrlland and Dlstrict Regeneration Company Ltd - Analy51s of prlor year total funds, as required by paragraph 4.2 of the SORP Pllor Y••r PrforY•ar PrfQry￿r T¢tsl Fumd• SORP Ref Fvnd• 2022 Futsd6 20 InGom• & Endowrn•nts frorn.. DDnalN)ns & LegarAes Charitslle xtivities Other tradiThJ activ*l8& Invesbments Olh8r Al 13.￿7 17,936 6.683 20.6SO 17,936 Total InGom• 59.928 6.683 66.611 Exp•ndllurn on: RoisiTra funds B1 CharllaLlg acdvNies BZ othgr 83 Tax ￿ surklus on or(lIn￿ actmb 83 Other taxèuc B3 51.634 6.683 Total •Xp￿dI¢￿I• 51.634 683 N?t gains on inveslments Net eX￿nd*ure for the year 8294 4,083 Transf•ws b¢twe8n fund* Nèt Èxpandllure after transfers 8294 Ntst mob*mgrtt lunds 4,063 R•conclllatlon of bjnds:. Total fvnds broughl fonyard 527.394 527.394 Total fund5 lor*ard $35.688 531,457 All actlvltkns dwlve ¢ontlnulng wratk>n• Th• notM attach•d on Pa9￿ 23 to 31 ft*rni an Int•gral p•rt ofth•s• account•. 18 Rathfrfland and Dlstrlct Regeneratlon Company Ltd . Statemenl of Flnan¢lal Actlvltles for Ihg year ended 31 May 2023 Rathfriland and District Regeneration Company Ltd - Resources applied In the year ended 31 May 2023 towards fixed assets for Charity use:. 2023 Funds gW8rated in the yew as d*iled n the SOFA Resour(￿ ar¥4ied on fijncl￿￿ fixed a5sels 4.063 164.3231 329.7961 Mèt resources available to fvnd eharitsble activiti•s 1327.894 60.260 Th• not•8 attathod on pagu 23 to 31 form an Intsgral part of thésè aeeounlB. 19 Rathfriland and District Regenerailon Company Ltd - Ststement of Flnanclal Actlvlties for the year end8d 31 May 2023 Movements In rev•nue and capttal fund$ for the year ended 31 May 2023 R•vgnu• a¢cumulatsd funds Lastygai Tot*1 Fundi 2022 Fun Funds Fund• 2023 2023 A(turnul*d furyts brrwht ImErd 531.457 531,457 Récogni￿ gairs arvJ tefor• transfers 533359 531,457 IFrom)Tho unr¢ari¢ted revenue fuThts 112.3551 12.35S Closlng revenuelunds $21,004 12,35S 531,4S7 Summary of fvnds and Dg*natvd lunth 2023 Fund• Fund Twl FuTrd• 2023 2022 Reven￿ acculldated furKIs S*.C*)4 12,355 533, 531,457 Totsl fund$ $21.IK14 12.355 531359 531,457 Th• notes attached on pages 23 to 31 forni an Integrnl ¢fthe5e occoun Rathfrlland and Dlstrlct Regeneratlon Company Ltd - Statement of Flnanclal Actfvltles for tho year ondgd 31 May 2023 Rathfriland and District Regeneration Company Ltd Incorne and Expendlture Account for the year ènded 31 May 2023 as requlred by tho Companies A¢t 2006 2022 ome I￿r￿n6 from operatio 65,411 Investment Incorne Incom¢ frw inb%stments. Olhor Iban intewl re¢th Inlerest re¢eiv&le 28.025 40 Gross irKom8 In th• y•ar boforn axceptKbnal itsms 1(M).743 66.611 Gross Income In the year iTrthdln# ¢x¢eptlonal items I￿,743 Ewdlrure CharitatA8 expenditure. exc&JdiThJ deprecotion aThJ aFThJtisatw)n Deprecia*on and 8mr¥ti$aiion Reai$ed10ss•5 on disp￿* ofsool inv8strnryts pro9vanrne relab 41.861 20.687 33.842 Total gxp¢nd1￿re in the year 98,841 62.548 Net income before tsx In th¢financial year 1,912 4.063 Tax on su￿U9 w ￿dIn￿ a(knDes Net incorne aft•r tax In thetlnanelal 1.902 4,063 Relain•d surplus forthe financial y•ar 1,902 4.083 I ￿lIVi￿eS derive wilinuing wefatwy In 8cCOrdan￿ wilh the prows1￿$ of tt)e Comw*s Ad 2006. the IEadings and gjbheadings used in Ihe ￿Orne 8nd Expendityre accLWt have 8dapled to refl￿1 Ihe nabjre of the tharws athitie& Th• not•* atta¢h•d on p•g•s 23 to 31 forni an Int•gr•l yrt 01th￿• accounts. 21 10 11fl T91 13S.7 Iz 116.*5 12 C2 R*thfrM*nd and DI*￿Cl R•q•n•r•tlon COm￿nY Ltd Notes to the Accountsf•rthE year ended 31 May2023 1 Wkiq Roportry I￿2.1￿ i*Jwwy2D16lard'FRS 102 WlSknt•m•rtrfR•c4ynm*ALknd Pr•ckL• for R@portry tyycMni•si x15. 1ffl8nthJ BL&&I wA￿thIn ¢knbèiX18 Bnda[rf￿r￿*1Q Q *IEr 1siJaDuary 2019). (rtteSCWI.MthW ty D*CWc0￿YJl55WJn ￿ Ik¥1￿￿ ￿4￿￿{Cc￿lI.rf￿kn￿2078. 4TrJin ¢olno ¢onG•rn r4iwno wfouN•wd I*rt ¢QWV¥JBi tyJcon￿nW•l• 4tstyty)nE￿. Rathfrmand and Di5ts1ct Regerwadon Comp•ny Ltd Notes to the Ac¢oun¢*lorthe year ended 31 M•y 2023 èsse 1￿C￿¥d chorty￿S Wyko ￿nn￿. Rathfrll•nd And Dl•lrfGe R•gen•rotlon Compary Ltd Niths lo th¢ Aceounts forth¢ year ended 31 May 2023 $nOiNK)JdEÈ #uyment Shgd 9￿yt￿1n 10 GtN*i Rathfrland and Dl$trict Regenefdtlon Company Ltd Notes to the A¢¢ounts lorthE year endtd 31 May2023 FDr•W ¢urr4wr￿¥ 2 Ll*bllty t¢*t**4tlon covoiod by 3 part 11 T•A ￿ 3)%0 ty se￿ 256oftr* T•xaDw GAAIB *LI 19Vk. b)tro VATrt4ist￿w￿hlS• 4 N*¥U￿ts5 t•fty•tsx In I￿ fih•Klil ¥tr23 33042 3.95D 20ffj81 Rathfrnand and 01strict Rtyvneratlon Company Ltd Notes to the A￿Ounts for thp year ended 31 May2023 S Thq contrlbutkn 01 ￿nI••r• 7 D•lerr•d In¢offl•. Urm*trithd and 10JXI 31JlO 42.160 42.1QO Tot 10.250 31Jto 4?,160 42.tfo 2ts2Z 42.160 10.25D otJwr•nd Councl. tbptfOrG￿nM￿￿￿&N￿ll￿LI￿F￿ 4.1S3 1029) 10 4J83 4,133 IOJNX) 10 2D21 102 B D•f•rr•d InGom•- Re*￿¢t•d lund¥ F4 II366 1USS T•1 1235S 1Z.3S5 12.355 F¢thd 4133 10250 4.133 10AM) 101S 27 Rathftmand and DlstriGt Regeneradon Company Ltd Notss lo the A¢Gouttts for the year ended 31 May 2023 2022 T** At l J￿￿20• 1.$15 )1.515 319954 9.842 AtJ1May2 4&75• lJ31311 D•w•Glbt Al l June for tr• 17.511 3184Z AtJl May 2023 121J53 121.3S3 N4book¥4u• At 31 Al•y 2fy23 13.982 At31 M•y 2022 414.004 v)Jl 1.6262JB 371.X I.3￿.2 Rathf￿and and Dl$trlct Rog•neratlon Comp*ny Ltd Notes to A￿ou[￿fOr the year thded 31 May2023 1Q 2071 2.381 1167 lJ11 2022 164 4.4 10.250 10.199 42.160 12J55 2Kg2 PAYE. h￿vAT￿r￿￿$a 11.244 35.7U 12 Cr4dftw•'. •m•irts f•l¥no &J• •ftqron• y•w 1￿￿0 44X57• 19J.02rtr 13 Cothttrwtllablhles 2122 Ar * Jthw2022 531.157 527.39¢ Atrjl 202> $31A5T 14 Post baanGosheet Rathfvlland and Dlstrict RÈgenerattDn Company Ltd NDte8 to the Accounts for tht year ended 31 May 2023 Fun I iC8.95e 1.ItM958 8i3YO 176.fml 1589.Yg1 CUr[wiL￿OI1 1642451 IY9.3491 112J551 S4S,7t4 53135ti Tèrgtle FLYvJAsaets' 4•M IS2.747 152.747 130.7111 135.7fj0) 531.457 1A57 forwwd 10 2Q22 202J ¥)1 $31.457 ¢h•rtylwn $31.4S7 &38• Rathfruand and DlfÉlrl¢t R•genarallon Cofflp•ry Ltd Notes to the Accouits ior th• )wr •nded 31 M•y 2023 knFLY 2Q2J A8C Rvnnry¢osts rts CounLW 41>¥ Unie*iBt¢d RoVen￿ Fundy 31