Caledon Regeneration Partnership Limited Annual Report For the year ended 28 February 2025 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 2025 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, Trustees and Other Inforniation Directo Mr Richard Blakiston-Houston Mr William James Beatbe The Earf of Caledon Mr David James Brddy Mr John Casey Mr Christopher Gill Mr Raymond Donnelly Trustees Mr Roger John Burton Mr David James Brady Mr William James Beattie Mr John Casey Mr Richard Blakiston-Houston The Earl of Caledon Councillor FrawRs Burton Mr Christopher Gill fvls Connie McNamee Mrs Eloise Sherry Mr Dwayne McGlone Councillor Gael Gildernew Councillor Kevin VLElvogue Councillor Math Robinson Secretary and registered office Mr John Casey 42 Main Street Caledon County Tyrone BT68 4TZ Reporting Accountants Nod Conn & Company 7 Seven Houses English Street Amiagh County Annagh BT617LA Bankers AIB 18120 Scotch Street Dungannon County Tyror BT70 1AZ Charity Commisslon Northem Ireland Number NIC 101254
Caledon Regeneration Partnership Limited Directors, and Trustees, report for the year ended 28 February 2025 The direGtOTS' and Irustees,, present their report and the unaudited financial statements for the year ended 28 February 2025. Structure, governance and management The chaiity is an incorporated body, and is under the control of the Directors and Trustees as delailed out in the charity constilution. The charity is recognised as a charity under the Charity Commission for Notthern Ireland as at the date of registration being 2 March 2015. Organlsation The Directors and Trustees who have served during the year are detailed out on page 2. Public Benefft Tho Directors and Trustees believe that b)th our purposes and th8 activities undertaken in this last financial year clearly satisfy elements of the public benefit requirement. statement of Public Benefit The direct benefrt is for Ihe Preservation of the built, industrial and environmental heritage of the village and its environment, thus preserving Caledon's unique and individual chardcter for the enjoyment of current and future generations and offertng economic benefit to the IoGal and regional communities derived from servicing the developing niche tourism markets in reSpt of the exploration of culture and heritage. There is also to be a benefit to the inhabitants of the village, derived by the provision of good qualily housing stock thus enhancing quality of life and health, and the provision of a number of attrdctive restored public buildings for community use, encouraging community cohesion and reducing isolation among the inhabitants of the village and the surrounding rural area. Caledon has been transformed from a near derelict state to a very attractive pla to live and work leading to a great sense of pride among local people. By enhancing education through ajoint exploration of heritage and cu5ture, people of differing backgrounds and political opinion have benefited from the opportunity to explore new perspectives. The development of a thriving allotment community has had broad spectrum beneficial offects wilhin the local communty, enabling Ihe growers and their families to eat more healthily while cutting household expenditure with the added benefit of IoGally sourced fresh food and reduced food miles. People from different cultures are afforded the opportunity to interact in a relaxed environment exploring a shared interest. thus building trust and tolerance, which has had a particularly beneficial effeGt in respect of the integration of ethnic minorities within the local community. Committee members are gaining useful experience in govemance and gaining confidence in Iheir skills and abilities. The involvement of children in the project from different cultures and traditions will have far reaching benefits bDth in respect of health and future community cohesion. The impressive transformation of the village from a near derelict state is evidential in a tsngible sense. The benefits to the people have been evidenced through detailed publiG Gonsultalion, the Caledon 2030 Vison- the programme of restorafion was regarded as highlrnedium priority and the recognition and interpretation of the village's naturdl resources as high priority. Overall, there is a very notsble feeling of wellbeing and pride among the local community, new business has been attracted to the village and the feedback from visitors is very positive. The benefits of advancing education and encouraging appreciation of all matte15 relating to history, heritage and culture Gan be evidenced Ihrough good attendance at talks and exhibitions, the setting up of a community led local history group and the willingness of the local communty to join and contribute to project steering groups. Any private benefit is incidentsl in the sense that most of the trustees are local community membeT5 and are therefore able to benefit from the attractive living and working conditions.
Caledon Regeneration Partnership Limited Objectives and Activities Caledon Regeneration Partnership makes funding applications in Pect of and manages restoration projects with regard to the conservation of listed buildings in Caledon and those deemed al risk on the BARNI register. We promote and protect environmental heritage in the village and environment by monitoring planning applications, tree protection orders etc. We organise exhibib'ons, lectures and working groups on the subject matter of history and culture and raises funds and manage communty projects in order to improve the wellbeing, social welfare and build community Cohesion. Dividends and transfers to reserves n accordance with the Memorandum of Ass(Kiab'on m pO.on of the company's income may be paid by way of dividend. Financial Review and Reserves The principal sources of irKome a from grants, donations and rental income. The financial statements show a surplus for the year of £2.024. By order of the Trustees Mr R Donnelly Director and Chairperson Date
Caledon Regeneration Partnership Limited Statement of Directors, and Trustees, Responsibilities The Directo and Trustees, are responsible for preparirvJ the Directors, and Trustees, Annual Report and the Financial Statements in accordan th the applicable law and United lfjngdom Accounting Standards. The law applicable to charities in Northern Ireland requires the trustees to prepare financial statements for each financial year. Under that law the trustees have prepared the financial statements in aGGordance with Generally Accepted Accounting PraGttGe in the United lfjngdom (acojunting standards issued by the Financial Reporting Council in the UK, including Charities SORP (FRS 102). Accounting and Reporbng by Charities.. Statements of Recommended Practice applicable to charittes preparing their accounts in accordance the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and promulgated by the Instilute of Chartered Accountsnts in the United Kingdom and United Kingdom Law). Under that law the trustees must not approve the financial statements unless they are satisfEd that they give a true fair view of the stste of the affairs of the charity and of the statement of financial activities of the charity for that perk]d. In preparing these financiaj statements, the directors and tNstees are required to: select suitable accounting policies arKI then apply the consistently; observe the methods principles in the Charities SORP; make judgements and estimates that a reasonable a] pruden(. stste whether the application of accounting sdardS have been followed, subject to any matsrial departures disclosed and explained the Financial Statements: prepare the Financial Statements on goiNJ ¢(ceM basis unless it is inappropriate to presume that the chanty wll continue in operation. The dlrectors and trustees are responsible for keeping proper accounting records Mthich disclose wilh reasonabl8 accuracy at any time the financial position of the charity lo enable them to ensure that the financlal statements comply with the Charities Act {Northem Ireland) 2008 and the Charity (Accounts and Reports) Regulations (Northem Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and deteCtiC of fraud and other irregul*ities. The directors and Irustees are resw)nsible for the Mar1tenar and integiity of the corporate and financial infomiation included on the charrties website. LegislatK)n in the United Kingdom goveming the preparation and dissemination of financial 5tateffnts may differ from legislation in otherjurtsdictions. Reportlng Accountants A resalution to r&appoint the reporting accountants, Noel Conn and Company will be proposed at the annual general meeting. By Order of Ihe board Donnelly Director and Chalrperson Date
Caledon Regeneration Partnership Limited Independent accountants, report to the members of Caledon Regeneration Partnership Limited We report on the accounts for the year ended 28 February 2025 as set out on Pages 7-13. Respective responsibilities of charity trustees and examiner As the charity trustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having being satisfied that the charity is not subject to audit under company law, and is eligible for indeFendent examination, it is our responsibility to.. examine the accounts under section 65 of the Charibes Act follow the procedures laid down in the general Directions given by the Charity Commission for Northem Ireland under section 65191{bl of the Charits'es Act stste whether particular matters have come to our attention. Basis of independent accountants, report We have examined yourcharity accounts as required under section 65 of the Charities Act and our examination was carried oul in accordance with the general Directions given by the Charity Commission for Northem Ireland under section 65{91{bl 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 explanats'ons from you as charity trustees conceming any such matters. Our role is to state whether any material matters have come to our attenlion giving us cause to believe.. That accounting records were not kept in accordance with section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practi applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland That there is further infomiation needed for a proper understanding of the accounts to be reached. We have completed our examination and have no concems in respect of the matters listed above and, in connects'on with following the Directions ofthe Charity Commission for Northem Ireland, we have found no matters that require drawing to your attention. Noel Conn & Company Chartered Accountants & Registered Auditors 7 Seven Houses English Street Armagh BT617LA 11 November 2025
Caledon Regeneration Partnership Limited Statement of Financial Activities for the year ended 28 February 2025 Unrestricted Funds 2025 Restricted Funds 2025 Total Funds 2025 Total Funds 2024 Notes Incomin Resources.. Voluntary income Grants Received General Donations Activities to Generate Funds Rental Income Hire of Rooms Investment and Other Income 2,125 2,125 2,625 220 29,675 29,675 29,868 168 Total Incoming Resources 29,675 2,125 31,800 32,881 Resources Ex ended.. Charitable Activities Charitable Donations Charitable Activities Administration Cosls Establishment Costs Other Costs 850 650 15,733 14,628 420 12,408 14,260 263 442 12,850 14,260 2,666 2,403 Total Resources Expended 26,931 2,845 29,776 32,281 Net Incomel(Expenditure) for the year 11 2,744 (720) 2.024 600 Gross Transfers between funds Net Incomel{Expenditure) for the year 6,145 8,889 (6,145 (6,865) 2,024 600 Transfers inl(out) of Reserves ReconGiliatlon of Funds Total funds brought forward (2,329) 4,030 1,701 1,101 Total Funds to Carry Forward 6,560 (2,835) 3,725 1,701 All amounts above relate to continuing cperations of the company. The company has no recognised gains or losses other than those included in Ihe results above and therefore no separate statement of total recognk8ed gains and losses has been presented. There is no differen between the deficit on otthnary actsth before taxation and the surplus for the year stated above and their histortcal cost equivalents.
Caledon Regeneration Partnership Limited Balance sheet at 28 February 2025 Employment of Capital Notes Unrestricted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 Fixed Assets Tangible Assets 1,112,228 1,112,228 1,127,307 Current As8ets Debtors and Prepayments Cash at Bank and in Hand 2,424 9,065 1,489 2,424 10,080 1,824 1,874 1,015 Current Liabilities Bank Overdrafts Creditors.. Amounts due wilhin one year 35,647 35,647 4,929 15,397 5,012 10 4,929 4,929 Net Current Assets 6,560 (34,632) (28,072) (16,711) Total Assets Less Current Liabilities 6,560 1,077,596 1,084,156 1,110,596 Provisions for Liabilities and Charges Deferred Income - Capital Grants 1,080,431 1,080,431 1,108,895 Net Assets 6,560 2,835 3,725 1,701 Funds Unrestricted Funds Restricted Funds 13 13 6,560 (2,835) 3,725 For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. No Member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements under the Companies Act 2006. The directors acknowledge their responsibilities for ensuring that the Company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of (he stste of affairs of the company as at the end of the financial year and of its deficit for the financial year in accordan with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies AGt 2006 relating to accounts, so far as applicable to the company. These accounts have been pr&pared in accordance with the special provisions applicable to companies subject to the small company's regime within Part15 of the Companies act 2006. The financial stalements have been approved by the board and authorised for sue on11 November 2025. (2,329) 4,030 1,701 Mr R Donnelly DirectorlChairper60n Casey Directorlsecretary
Caledon Regeneration Partnership Limited Notes to the financial ststements for the year ended 28 February 2025 1. Principal accounting policies The financial statements have been prepared in a(X0rda with applicable AcCnting Stsndards. A summary of the more important accounting policies is setout below. Basls of accounting The financial statements are prepared in accudance with the historical cost conventK)n. Incomlng resources Voluntary income or capttal is included in the Statemenl of Fina181 Activities when the charity is legally entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Entitlement to legacies is considered established when the charity has been notified of a dislribution to be made by the executors. Income reIVed in advance of due perfomiance under a contract is accounted for as deferred income until eamed. Grants for actiwties are recognised as income when tha related conditions for legal entitlement have bn meL All other income is accounted for on an accrual basis. Resources Expended All resources expended are accounted for on an a¢xrual basis. Charitable activities include costs of services and grants, support costs and depreciation on related assets. Costs of generating funds similarfy include fundraising activities. Non -staff costs not attributed to one category of activity are allcKated or apportioned pro-rdt to the staffing of the relevant servi, Finance, HR and administrative slaff costs are direcly athibutable to individual activities by Obltive. Govemance costs are those associated with consiituts'onal statOry requirements. Restricted Funds Restricted funds are accounted for in accordance with the partiCUlartem of trnst arising from the express or implied wishes of the donors in so far as these are intended to be binding on the charity. Where such wishes are not intended to be binding, they are taken into account and recognised in appropriately designated funds. Unrestricted Free Reserves Free ReseDRs represent amount which are expendable at the discretion of the trustees in furtherance of the objectives of the Charity and which have not been designated for any other purpose. Such funds may be held in order to finance working capital or c41ita expenditure. Tangible fixed assets Depreciation is calculated so as to wiite off the cost of tangible fixed assets less their 8Stimated residual values, over the expectsd useful economic lives of the assets cOnmed. The principal annual rates and bases used for this purpose are: . Freehold land and buildings Caledon Beam Engine The Wool Store Straight Line Basis Straigm Line Basis Straight Line Basis
Caledon Regeneration Partnership Limited 10 Government grants Grants that relale to specific capital expenditure &e trethj as deferred irKome. which is then credited to the profit and loss account over the related assefs useful life. Revenue grants are credited to the profil and loss account in the same period as the related expenditure is irKurred. 2. Grants Received Unrestricted Restricted 2025 2025 Total 2025 Total 2024 Community Revenue Grant- MUDC 2,125 2,125 2,125 2,125 2,625 2,625 3. Charitable Donations Unrestricted Restricted 2025 2025 Total 2025 Total 2024 Donations 850 850 4. Charitable Actlvitles Unrestrictsd Restricted 2025 2025 Total 2025 Total 2024 Chrf5tmas Festive Costs 650 650 5. Administration Costs Unrestricted Restrlcted 2025 2025 Total 2025 Total 2024 Salaries and Wages Accountancy Professional Costs Telephone and Postsge Stalionery and Advertising Equipment Cleaning Computer Equipment General Expenses 9,398 1,170 9,398 1,170 442 1,146 11,514 965 1,146 941 103 1,280 567 567 87 40 12,850 166 700 15,733 12,408
Caledon Regeneration Partnership Limited 11 6. Establishment Costs Unrestricted Restricted 2025 2025 Total 2025 Total 2024 Insuran Water Rates Heat and Ltght Repairs 3,114 377 8,015 2,754 14,260 3,114 377 8,015 2,754 14,260 3,925 650 8,288 1,765 14,628 7. Other Costs Unrestricted Restricted 2025 2025 Total 2025 Total 2024 Bank Charges DepreciationlAmortisation 263 2,403 2,666 687 (26n 420 263 2,403 2,666 8. Tangible fixed assets Freehold Property Caledon Beam Englne The Wool Store Total Cost At1 Mah 2024 Additions Disposals At 28 February 2025 523,267 216,531 669,994 13,385 1,409,792 13,385 523,267 216,531 683,379 1,423,177 Depreciation At1 March 2024 Charge Disposals At 28 February 2025 197,651 10.465 47,027 4,331 37,807 13,668 282,485 28,464 208,116 51.358 51,475 310,949 Net Book Value At 28 February 2025 315,151 165.173 631,904 1,112,228 At 29 February 2024 325,616 169.504 632,187 1,127,307
Caledon Regeneration Partnership Limited 12 9. Debtors and Prepayments 2025 2024 Trade Debtors Capital Grant Debtor 2,424 1,824 2,424 1,824 10. Creditors: amounts falling due within one year 2025 2024 Accruals VAT 4,260 669 4,929 3,550 1,462 5,012 11. Deferred income 2025 2024 Capital Grants At1 March 2024 Received and Receivable Amortisation in the year At 28 February 2025 1,108,895 1,137,358 (28,463) 1,080,432 (28,463) 1,108,895 12. Taxation 2025 2024 United Kingdom corporation tax @19, Current 13. Movement in Funds At the Movement Transfers 0110312024 In Funds Inl(out) Transfers At the In Funds 2810212025 UnrestriGted Funds General Fund {2,329) 2,744 6,145 6,560 Restrlcted Funds Restricted Funds 4,030 (720) (6,145) (2,835) Total Funds 1,701 2,024 3,725
Caledon Regeneration Partnership Limited 13 14. Net Movement in Funds, included in the above are follows: Resources Expended in Funds Unrestricted Funds General Fund 29,675 (26,931) 2,744 Restricted Funds Restricted 2,125 (2,845) (720) Totsl Funds 31,800 (29,T16) 2,024 15. Employee Information 2025 Number 2024 Number Employee Numbers 2025 2024 Staff costs (for the above persons): Wages and salaries Social Security 9,398 11,514 9,398 11,514 16. Trustees, Remuneration and Benefits No trustee receNed any remuneration during the year ended 28 February 2025 (2024 -Nil). No Trustee received any reimbursement for 4)proved expenses incurred in connectK)n with the charity.