Caledon Regeneration Partnership Limited Annual Report Forthe year ended 28 February 2023 Registered Number: N1031907 Registered Charity Number. NIC 101254 Noel Conn & Company Chartered Accountants
Caledon Regeneration Partnership Limited Annual Report for the year ended 28 February 2023 Contents Directors and Trustees and Other Information........................................................... Directors, and Trustees report................................................................................ Statement of Directors, and Trustees, Responsibilities............................................... Independent Accountant's report... Statement of Financial Activities Statement of Financial Position Notes to the financial statements..................................
Caledon Regeneration Partnership Limited Directors, Trustses and Other Information Directors Mr Rhard BlakisloTrHouston Mr William James Beattie The Earl of Calon Mr Jim Brady Mr Christopher Gill Trustees Mr RoJer John Burton Mr Dav James Brajy Mr William James Beatt Mr John Casey Mr Rhard BlakistofvHouslon The Ead of Caledon Councilkjr Frances Burton Mrs Eloise Shery Mr txvayne McGk)ne Councilkir Gael Gildernew Councilbr Kevin McEOgUe Councilk)r Mark Robinson Secretary and registered office Mr John Casey 42 Main Street Caledon County Tyrone BT68 4TZ Reporting Accountants Noel Conn & Company 7 Seven Houses English Street Armagh County Arma3h BT617LA Bankers AIB 18120 Scotch Street Dungannon County Tyror BT70 1AZ Charity Commission Northern Ireland Number NIC 101254
Caledon Regeneration Partnership Limited Directors, and Trustees, report for the year ended 28 February 2023 The directors, and irustees,, Fffesent their rerx)rt and the unaudited financial ststements for the year ended 28 February 2023. Structure, governance and management The charity is an incortK)raled b(Kly, and is under the control of the Directors arKI Trustees as detailed oul in the charity constitution. The charity is rKognised as a charity uTrJer the Charity Commission for Northem Ireland as at the date of registration being 2 March 2015. Organisation The Directors and Trustees who have served during the year are detailed out on paJe 2. Public Benefit The Directors and Trustees believe that lyjth our purposes the activities undertaken in this laa financial year clearly satisfy elements of the publ tenefit requirement. Slatement of Public Benefit The direct benefrt is for the Preservatn of the buirt, industrial and environmental heritage of the village and ils environment, thus preseNing Caledon's unique and individual Charer for the enjoyment of Cuent and future generalians and offering economic benefit10 the Iccal and regional communities denved from servicing the developing niche tourism markets in respect of the expk)ration of culture and heritage. There is also to be a benefit lo the inhabitants of the village, derived by the provision of gcod quality housing stk thus enhancing quality of life and health, and the provision of a number of attractive restored public buiklings for community use, encouraging community cohesion and reducing isolation among the inhabrtants of the village and the surrounding rural area. Caledon has en transformed from a near derelict stale lo a very allractive place to live and work leading lo a great sense of pride among Icxal people. By enhancing education through a joint exploration of herrtage and culture, people of differing backgrounds and polrtral opinion have benefited from the oppjrtunily to explore new perspectives. The development of a thriving alkjtmenl community has had broad spectrum beneficial efférts wthin the local community, enabling the growers and their families lo eat nre healthily while cutting household expenditure with the added benefit of l(Kally Sourc fresh fcod and reduced f¢)od miles. People from different cultures are afforded the opp)rtunrty10 interact in a relaxed environment exploring a shared interest. thus building trust and toleran, thich has had a particularly tnefla1 effect in respecl of the integration of ethnic minorities wthin the local community. Commrttee members are gaining useful eXperIen in govemance and gaining confidence in their skills and abilities. The involvement of children in the Fxoject from different cultures and traditions 11 have far reaching benefits both in respect of health and future communrty cohesion. TIE impressive transformation of the village from a near derelict Stsle is evidenlial in a tangible sense. The benefrts to the people have been eVIdend through detailed publ consultation, the Caledon 2030 Vison- the programme of restoration was regarded as highlmedium priority and the recognition and inierpreiaiion of the village's natural resources as high priority. Overall, there is a very notable feeling of wellbeing and prKle among the local community, new business has been attracted lo the village and the feedback from visrtors is very posrtive. The benefits of advancing education and encouraging appreciation of all matters relating to history, herttage and CuUre can be evidenced through good attendance al talks and exhibitions, the setting up of a Gommunily led local history group and the villingness of the local community lo join and contribute10 project sieenng groups. Any private benefit is incidental in the sense that most of the trustees are local community members and are therefore able to benefit from the attractive living and vK)rking condrtions.
Caledon Regeneration Partnership Limited Objectives and Actiwties Caledon Regeneration Partnership makes funding applICatnS in restect of aThJ manages resloralion projects wth regard to the conservation of listed buikjings in Caledon and those deemed a risk on the BARNI register. We promote and protect environmental hertt4e in the village and environment by monitoring planning applications, tree protection orders etc. We organise exhibttions, lectures and working groups on the subject matter of history and culture and raises funds and manage community proiecls in order to improve the wellbeing, s(la1 welfare and build community cohesion. Projects The WcM)Istore Day care facility reached mpletion and has been successfully operating since April 2022. A much needed childcare amenity in the village, the new business has already reached full capacity and an interest has been express8J to extend the services currently offered to young families in the area. This particular proposal would cater for older children and provide a dedicaled Sp£ for an after schoc4 club. There is a possibility in the future this space o)uld further extent10 offer pre nursery Spa yDunger children. Caledon Regeneration Partnership have Jdentrfied a neighbouring building to The Woolste in Mill Street Ihal would be suitable, formally known as Caledon Stores. Whilst the top floor has teen earmark&J for chiklcare provision, we are in the prOsS of establishing the best use for the ground floor thai would SerVe and benefit the Caledon communrty. The Prin'S Foundation, together with Caledon Community Steering Group are engaging with the community and stakeholders wlh a series of workshops lo lIe a Village Plan for Caledon., The CaOn 2030 Vision. This overarching plan ¥MII review a wide range of issues in terms of long lenn suslainabilrty and resilience of the village. Inrtial indications for the ground floor would be mulliuse workspace and potentially accommodation. Funding secured to dale from The chIllY1ural Herilage FuThJ {AHF) has pemitted inilial work wth a conservation surveyor and archileclural planning to tegin. We are exploring Frfjlenlial addrtional funding streams from PeacePIus and The NatKsnal Lottery Heritage Fund. Dividends and transfers to reserves In accordance with the Memorandum of Assttiatvjn no portion of the company's income may be paid by way of dividend. Financial Review and Reserves The principal sources of income are from grants, donations and rental income. financial statements show surplus for the year of £573. By order of the Trustees Mr D J Brddy Direct and Trustee Dale
Caledon Regeneration Partnership Limited Statement of Directors, and Trustees, Responsibilities The Directors and Trustees, a responsible for preparing the Directors, and Trustees, Annual Rep¢Jrt and the Financial Statements in accordance with the applicable law and United Kingdom Accounting Standards. The law applicable lo charities in Northern Ireland requires the trustees to prepare financial slaiemenis for each financial year. Under that law the trustees have prepared the financial statements in accordance wth Generally Accepted Accounting Practi in the United Kingdom laccounling slandards issued by the Financial Reporting Council in the UK, including Charrties SORP {FRS 1021. Accounting and Reporting by Charities.. Statements of Recommended practi applicable lo charities preparing their awunts in accordance with the Financial Reporting Standard applicable in the Uniled Kingdom and Republ of Ireland IFRS 1021 and promuated by the Institute of Chartered Accounlanls in the United Kingdom and United Kingdom Lawl. Under that law the trustees must not approve the financial statements unless they are saisfied that Ihey give a true and fair view of the stale of the affairs of the chaiity and of the statement of financial activities of the charrty for Ihai In preparing these financial statements, the directors and trustees are required to.. select suitable &couniing policies and then apply the consistenlly. observe the methods and princikles in the Charities SORP., make judgements and estimates that a reasonable and prudent., state whether the appIallOn of &counting standards have teen followed, subject to any material departures disck)sed and explained the Financial Slatemenls: prepare the Financial Statements on the going cOnM basis unless it is inappropriate to presume thai the charity will continue in business. The directors and trustees are resFonsible keeping proper accounting rLxords whh disck)se wth reasonable accuracy a any lime the financial position of the charity and to enable them to ensure that the financial slalemenls comply wth the Charities Act (Northem Ireland) 2CN)8 and the Charity (Accounts and ReFrf)rtsl Regulations {Northern Ireland) 2008. They are also responsible for safeguarding Ihe assets of the charrty and hence for taking reasonable steps for the Prevention and dettIon of fraud and other irregularities. The directors and Iruslees are responsible f(x Ihe maintenance and integrity of the corporate and financial information included on the charities websrte. Legislation in United Kingdom governing the preparaion and dissemination of financial statements may drffer from legislatbjn in her jurisdictions. Reporting Accountants A resolution to -8p[)Int the reFx)rting LOuntantS, Noel Conn and Company will be proposed at the annual general meeting. By Order of th ard MrDJ Dire ady r and Trustee Date
Caledon Regeneration Partnership Limited Independent accountants, report to the members of Caledon Regeneration Partnership Limited We report on the accounls for Ihe year ended 28 February 2023 as set out Pages 7- 14. Respective responsibilities of charity trustees and examiner As the charity trustees (and also the directors of Ihe company f¢N Ihe purtKses of company lawl you are responsible for the preparation of the acixjunts in &COrdan with the requirements of ttE Companies Act 2006. Having being satisfied that the charity is noi subject lo audii under company law, and is eligible for independent examinalion, it is our resFonsibilrty to- examine the ac£LJunls under section 65 of Charities Act follow the prc£edures laid down in the general Directions given by the Charity Commission for Northem Ireland under sectK)n 65(91{b) of the Charities Acl state whether particular matters have come io our atentK)n. Basis of independent accountants, report We have examined your charity a(x0u$ as required under section 65 of Ihe Charities Acl and our examination was carried out in ordan wth the general Directions given by the Charity Commission for Northem Ireland under section 65191{b) of the Charities Acl. The examination Includ a review of the accounting records kept by the charity and a comparison of the accounts presented with those reo)rds. It also included rx)nsKleratK)n of any unusual items or disclosures in the ac(UnIS, and seeking explanations from you as charity trustees concerning any such matters. Our role is lo state whelher any material matters have come to our attention giving us cause to believe: That &counting records were not kept in aCCdanCe with Sl0n 386 of the Companies Acl 2CMJ6 That the accounls do not accord with those accounting re(x)rds That the accounts do not comply wlh the &counling requirements of section 396 of the Companies Act 2006 and wth the methods and winciples of the Charrties Statement of Recommended Practice applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and ReputrAic of Ireland Thal there is further infomalK)n needed for a proper understanding of the COuntS to reached. We have completed our examinatior) and have no o)ncems in respect of the matters listed above and, in connection th followng the Directions of the Charrty Commission Northem Ireland, we have found no matters that require drawing lo your attention. Noel Conn & Company Chartered Accountants & Registered Auditors 7 Seven Houses English Street Armagh BT617LA 14 September 2023
Caledon Regeneration Partnership Limited Statement of Financial Activities for the year ended 28 February 2023 Unrestricted Funds 2023 Restricted Funds 2023 Total Funds 2023 Total Funds 2022 Notes Incomin Resources.. Voluntary income Grants Received General Donations Activities to Generate Funds Rental Income Hire of Rcoms Investment and Other Income 5,000 5,000 2,650 3,777 700 2,650 21,957 21,957 456 15,194 Total Incoming Resources 25,063 5,000 30,063 19,671 Resources Ex ended.. Charitable Activities Charitable Donations Charitable Acliwties Administralion Costs Establishment Costs Other Costs 1,572 828 1,572 12,017 13,434 2,467 1,626 22,250 13,467 (17,8641 19,479 11,189 13,434 3,058 (591 1,809 Total Resources Expended 27,681 29,490 Net Incomel(Expenditure) for the year 11 (2,618) 3,191 573 192 Gross Transfers between funds Net Incomel{Expenditure) forthe year 9,401 6,783 9,401 (6,210) 573 192 Transfers inl(out) of Reserves Reconciliation of Funds Totsl funds brought fonvard (9,055) 9,583 528 336 Total Funds to Cary For%wdrd {2,272) 3,373 1,101 528 All amounts atove relate to conlinuing operations of the company. The company has no r(KJni5ed gains or k)sses other than those included in the results above and therefore no separate slalemenl of total reccgnised gains and losses has been wesented. There is no drfference between the deficrt on ordinary activities before taxation and Ihe surplus for the year staled above and their hisiorical cost equivalents.
Caledon Regeneration Partnership Limited Balance sheet at 28 February 2023 Employment of Capitsl Notes Unrestricted Restricted Funds Funds 2023 2023 Total Funds 2023 Total Funds 2022 Fixed Assets Tangible Assets 1,139,326 1,139,326 1,079,918 Current Assets Deblors and Prepayments Cash at Bank and in Hand 7,500 1,014 7,500 11,588 56,152 1,829 10,574 Current Liabilities Bank Overdrafts Creditors.. Amounts due vithin one year 7,109 7,109 12,846 55,761 9,831 10 12,846 Net Current Assets (2,272) 1,405 (867 {7,611) Total Assets Less Current Liabilities (2,272) 1,140,731 1,138,459 1,072,307 Provisions for Liabilities and Charges Deferred Income - Capital Grants 11 1,137,358 1,137,358 1,071,779 Net Assets 2,272 3,373 1,101 528 Funds Unrestricted Funds Restricted Funds 13 13 (2,272) 3,373 1,101 {9,0551 9,583 528 For the financial year ended 28 February 2023 Ihe company was enirtled to exemption from audit under section 477 of the Companies Act 2QJ6. No Member of the company has deposited a not, pursuant to section 476, requiring an audit of these financial statements under the Q)mpanies Act 2(Th. The directors knOedge their responsibilrties for ensuring that the company keeps accounting records which comply wth section 386 of the Act and for preparing financial statements which give a true and fair view af the slate of affairs of the company as at the end of the financial year and of ils deficit for the financial year in accordance with the requirements of sections 394 and 395 and which Otherwise comply wilh the requiremenis of the Companies Act 2006 relating lo accounts, so far as appluble to the company. These accounts have been prepared in acc(Kdance with Ihe special provisions applicab lo companies subject to the small company's regime wthin Part 15 of the Companies act 20C6. The financial slalements have been approved b he bjard and authorised for issue 14 September 2023. rDJBraJy Directorrrrustee J Casey SecretsrylTrust
Caledon Regeneration Partnership Limited Notes to the financial statements for the year ended 28 February 2023 1. Principal accounting policies The financial statements have been wepared in accordance with applicable Accounting Standards. A summary of the more important &counting poIleS is set out below. Basis of accounting The financial statemenls are prepared in accordan Vth the hIStc87 cost convention. Incoming resources Voluntary income or capital is included in the Statemeni of Financial Activities when the charity is legally entitled lo it, its financial value can be quanltfied with reasonable certainty and there is reasonable certainty of ils ultimate receipt. Entitlement to gaCleS is considered established vthen the charity has been nolrfied of a distribution to be made by the executors. IOme received in advance of due performance under a contr1 is accounted for as deferred income until eamed. Grants for &iiwties e recoJnised as income when the relat conditK)ns for *al entitmen1 have been met. All other income is w)unted for on an afxrual basis. Resources Expended All resources expended are accounted for on an accrual basis. Charitable activities include costs of seNices and grants, support costs and deprlatIOn on related assets. Cosis of generating funds similarly include fundraising activities. Non -staff costs not allribuled to one caegory of activity are allcKated or apportioned prrat lo the staffing of the relevant serVe. Finance, HR and ajministrative staff costs are directly attributable lo individual activities by objective. Governance costs are those assttiat&J vith constitutional and statutory r4uirements. Restricted Funds Restricted funds are accounled for in rdance th the partUlar tems of trust arising from the express or implied wishes of the donors in so far as these are intended to k binding on the charity. Where such ¥Mshes are not intended lo be binding, they are taken into account and rwnised in appropriately designated funds. Unrestricted Free Reserves Free Reserves represent amount vthich are expeThJable a the discretion of the trustees in furtherance of the objectives of the charty and which have not been desonat&J fcff any other purtK)se. Such funds may be held in order to finance wcffking capital or capital exFenditure. Tanglble fixed assds Depreciation is calculated so as lo vffrte off t cost of tangitk fixed assets less their estimated residual values, over the expected usdul ec(Momic lives of Ihe assets cOnmed. The principal annual rates and bases used for this purpose are.. - Freehold land and buildings Caledon 8eam Engine The W1 Store Straight Line Basis Straight Line Basis Slraight Line Basis
Caledon Regeneration Partnership Limited 10 Government grants Granls tha relate to s1C capital exFendrture are treated as deferred income, vthich is then cd[ted to Ihe profit and loss account over the related asset's useful lrfe. Revenue grants a credited lo the profit and loss account in the same FHi(xJ as the relatd exr£ndilure is incurred. 2. Grants Received Unrestricted Restricted 2023 2023 Total 2023 Total 2022 Funding for Projects Grants Daera Grant Cc4)peration Ireland Grant Community Revenue Grant- MU 1,500 783 1,494 5,000 5,000 5,000 5,000 3,777 3. Charitable Donations Unrestricted Restricted 2023 2023 Total 2023 Total 2022 Ck)nations 4. Charitable Activities Unrestricted Restricted 2023 2023 Total 2023 Total 2022 Christmas Festive Costs 1,572 1,572 1,572 1,572 1,626 1,626
Caledon Regeneration Partnership Limited 11 5. Administration Costs Unrestricted Restricted 2023 2023 Total 2023 Total 2022 Salaries and Wages Pension Cost CRP Grant Repaid Wool Store Expenses Accountancy Adverttsing Telephone and Postage Stationery and Advertising Equipment Cleaning Computer Equipment General Expenses 7,636 7,636 16,485 142 828 828 1,930 1,075 940 687 974 40 687 974 460 59 1,538 231 150 180 22,250 274 274 638 11,189 638 12,017 6. Establishment Costs Unrestricted Restricted 2023 2023 Totsl 2023 Total 2022 Insurance Water Rates Heal and Light Repairs 3,216 367 7,095 2,756 13,434 3,216 367 7,095 2,756 13,434 3,178 227 7,983 2,079 13,467 7. Other Costs Unrestricted Restricted 2023 2023 Total 2023 Total 2022 Bank Charges Travel Costs EÈpreciatKJnlAmortisalion 3,058 3,058 1,582 (591) (591) (591) 2,467 (19,446) {17,864} 3,058
Caledon Regeneration Partnership Limited 12 8. Tangible ftxed assets Freehold Property Caledon Beam Engine The Wool Store Total Cost At 1 March 2022 Additions Disposals At 28 February 2023 523,267 216,531 566,537 87,280 1 B06,335 87,280 523,267 216,531 653,817 1,393,615 Depreciation At1 March 2022 Charge Dlsposals At 28 February 2023 176,721 10,465 38,365 4,331 11,331 13,076 226,417 27,872 187,186 42,696 24,407 254,289 Net BookV8lue At 28 February 2023 336,081 173,835 629,410 1,139,326 Al 28 Febwary 2022 346,546 178,166 555,206 1,079,918 9. Debtors and Prepayments 2023 2022 VAT Capital Grant Debtor 1,788 54,364 56,152 7,500 7,500 10. Creditors: amounts falling due within one year 2023 2022 Accruals VAT Other Creditors 12,645 201 9,831 12,846 9,831
Caledon Regeneration Partnership Limited 13 11. Deferred income 2023 2022 Capitsl Grants At 1 March 2022 Received and Receivable Amortisation in the year At 28 February 2023 1,071,779 94,042 (28,463) 1,137,358 595,711 521,641 (45,5731 1,071,779 12. Taxation 2023 2022 United Kingdom corFrf)ration tsx @ 20Yo Current 13. Movement in Funds At the Movement Transfers 0110312022 In Funds inl{out) Transfers In Funds Atthe 2810212023 Unrestricted Funds General Fund {10,604) {2,618) 9,401 {3,821) Restricted Funds Restricted Funds 10,961 3,191 (9,401 4,751 Total Funds 357 573 930 14. Net Movement in Funds, included in the above are follows: Incoming Resources Resources Expended Movement in Funds Unrestricted Funds General Fund 25,063 (27,681) 12,618) Restricted Funds Restricted 5,000 {1,809) 3,191 Total Funds 30,063 (29,490) 573
Caledon Regeneration Partnership Limited 14 15. Employee Information 2023 Number 2022 Number Employee NumtEts 2023 2022 Staff costs (for the abjve persons): Wages and salaries ial Security 7,636 16,485 7,636 16,485 16. Trustees, Remuneration and Benefits No trustee received any remuneration during the year ended 28 February 2023 {2022 -NiD. No Trustee reIVed any reimbursement for approved eXnSeS incurred in connedion Vth the charity.