Sallortown Regeneratlon Group Annual Report and Unaudited Flnanclal Statements for the flnanclal year ended 31 March 2026 DNTCA Llmlted Chartered A¢countants and Statutory Audltor Ormeau Hou$e 91-97 Ormeau Road Belfast BT7 1SH Charlty Number: 101870
Sailortown Regeneration Group CONTENTS Pagè Reference and Administrative Information Trustees, Report ststement of Tru$t868' Responsibilities Independent Examiner's Report Statement of Flnanclal Actlvltles Balance Sheet Notes to the Flnan¢lal Ststements 10-14 Supplementary Informatlon relating to the Financial Statements 16-18
Sallortown Regeneration Group REFERENCE AND ADMINISTRATIVE INFORMATION Trustees John Gray James McDyer Androw Molloy Aisling Madden Rosemary McDyer Martina Campbell Charlty Number In Northern Ireland 101870 Prlnclpal Addre¥$ 11-13 Garmoyla Street Belfast 8T15 1DY Independent Examln•r DNTCA Limited Ch8rter8d Accountsnts and Statutory Auditor Ormeau House 91-97 Ormeau Road Bèlfast BT7 1SH
Sailortown Regeneration Group TRUSTEES, REPORT tor the finanGial year ended 31 Mar¢h 2025 The trustees present their TrLtsle8s' Report and the unaudited financial ststements for the financial year ended 31 March 2025. The financial statements are prepared in accordance with the Charities Act (Northem Ireland) 2008. FRS 102 "The Financlal Reporting Standard applicable in the UK and Republi¢ of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Pra¢ti¢e applicable to charities preparing their finan¢ial statements in accordan¢e with the Financial Reporting Stsndard applicable in the UK and R¢publi¢ of Ireland IFRS 102). The Trustees, Report contains the information required to be providèd in tho Trustees, Annual Report undtr th statement of Recommended Practice ISORPI guidelines. The trustees of th¢ charity arè also charity truste8s for th8 purpose of Gharity law and under the charity's Gonstilution are known as members of the board of trustees, In thi$ report th8 tru$tees of Sai1ortown Regeneratton Group present a Summary of its purpose, goveman¢e, activities, achieveménts and finances for the financial y&ar 31 March 2025. The charty 18 8 registered charity and although not obliged to comply wlth th• Statement ol Ro¢ommonded Practsce appli¢able in the UK and Republic of Ireland FRS 102, the organi$8lion has implemented its recommendations where relevant in the6• finan¢ial statements. Mlsslon, OblKtIvo5 and Stratsgy Mlsslon statement E$tabllsh Sailortown as 8 gateway to North Bellast with St Jos&ph'$ Church and Parochlal House at its h•art. Objectlves E61ablishment of a thrivin9, divorsè Sailortown Urban Village in Belfast Docks. Strategy To promote urban regeneration and adv8nce community development. To further these purposes for the public benefit, SRG carries out th& following aclivities.. Improve public amtsnits'es. 18¢ilitr'es and infrastructure Work with partners lo support Community Gohesion and the developmont of a sustsinable ¢ommunity within Sailortown To èstablish a community facility and cooperate with statutory and voluntary organisations to maintain and manage such fa¢ility for activities The main activities ol Sailortown Regeneration Group In the year wer•,, Meanwhile use of Sl Joseph's Church Community Development in Sailortown Area Culture Arts Heri18ge Events and community activities Th¢ Charity omploys a number of grants to carry out thes• a1vIlla8 and employs 2 staff to manage its day to day operations. Flnanclal Revlew The r86uIts for the financial yoar 8re 88t out on page 8 and additsonal notos are provided showing In¢om• and exp8nditure in greater detail. Results and Dlvldends At the end of the financial year the charity has assets of £418,18012024 - £444,853} and Ilabillties of £900 12024 £9001. The net assets of the ch8rity have decreased by £126,673). Plans ft>r Future Perlods In terms of ongeing repairs, we were Successful In obtaining capital funding to put in a new Fire exit whiGh will greally increase our capacity for using Sl Joseph's as an iconic space. This will be led by the Council and we hope it will be completed in 2026- 27, An in depth bullding condition report was also carried out which indicates that substantial costs will be needed lo restore the Church and House. Hewèver, we have observed the huge amount of multi million G8Pital developments tgking place around Sailortown including offices, apartments, student housing and believe that the$e tsvo listed buildings mèrit Gaving as the last piece of Sailortown heritago. To achieve this we neod a strorsg mombership base and are seeknng voluntary expertise to assist us to Garry through our mission. In accordance with the Constitub'on, the trustees retire by rotation and, being oligible, offer themselvos for re-election.
Sailortown Regeneratlon Group TRUSTEES, REPORT for the financial year ended 31 Mar¢h 2025 Compllance wlth Sector-wlde LegISlaOn and Standards The ¢harity engages pro-actively with legislation, st8ndards and codes which are developed for the sector. Sailortown Regeneration Group subscribes to and is eompliant with tha following.. The Charities SORP (FRS 1021 Executlve Summary 2024 25 brings us a slep closer to a full restoration of St Joseph's Church and ParochSal House 8$ a focal polnt for the regeneration of the Sailortown grea. Thanks to the National Lottery Heritage Fund, we have ¢ommis8ioned rèports which provide us with a viable case for preserving Lo¢al Docks Heritsge, independent business0$ and a thriving urban villag¢. During the year, another t0 new independent businesse$ were opened In Ihe Sallortown area and the Harbour obtained planning permission lor new social and affordable housing in Pilot St. This housing is part of a much wider plan to reinvigorale the Harbour Estate as 8 2417 e¢onomy with green spaces, new homes and oultur¢ll¢isure activities. A fea$ibillty study was also ¢arried out to assess th8 potentlal for a new bridge lInng Sailortown to the Titonl¢ Quarter. This could be a gamechgnger for our area linking East and North Belfast. Sailortown R&gen8ratson has played a key rcle in inspirlng those Initiatives by showcasing thè Docks area's rS¢h heritage and faGilit•ting a wide range of events and a¢tivib'es in Sl Joseph's and the Surrounding $p8¢0$. Wo now noed to ensure that future developments on the Waterfront are inclusivè and welcomlng of Ioc81 ¢ommunlle8 and take account of our rich Maritime HeritAg¢. We wlsh to thank all our fund¢r$, partners and Stakeholders lor their support over the yoar and look forward to maintaining these relab'onships ovor the next year. Approved by th¢ Board of Trustofr• on and slgned on Its behall by: James M¢Dy•r Trustse
Sallortown Regeneratlon Group STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 March 2025 The trustees are responsible for preparing the finanGial statemènts in a¢cordan¢8 with The law applicable to ¢haritses in Nothern Ireland requires the trusttr&s to prepar finan¢ial year which give a tnje and fair view of the assets, liabilities and financial financial year ¢nd date and of the surplus or deficit of the charity and otherwise (Northern Irelandl 2008 In preparing these finan¢ial statements, the trustees are requirod to.. select suilable accounting policies and apply them ¢onsislently', observe the methods and princlplès in the Charities SORP,, make judgemènts and aGGounting estimates that are reasonable and prudent,, state whether the financial stat&ments have been prepared irs a¢cordanGe wilh a identify those standards, and note the effect and the reasons for any material depa prepare the financial slatements on the going con¢ern bashs unless it 1$ inapprop wlll canfjnue In operatron. pplicable law and regulations. financial statem8nts for each osib'on of the charity a$ at the ¢omply with the Charlties Act plicable accounting standards, ure from those slondard6,' and ate to presume that the charity Tho trustoos confirm that they have complied wlth the above requirements in proparin AS explained in note 3, stele wholh8r the applicable in the UK and Republlc of Ireland The truste¢$ are Tesponslble for keèping adequat• accounting rectsrd$ that are su charity's transaGts'ons and disclose with reasonabl• a¢curacy at any time thtr finan ènabltr them to ensure that the financial statemènts comply with the Charib'¢$ A¢t IN also responsible for safeguarding th& assets of the charity and hence for tAk'ng rea snd d¢tects'on of fraud and other irTegularlts'85, the finanGlal statements. RS 102 ha$ been followed; i¢ient to 8how gnd 8xplain th¢ ial positlon of the Gharity and rth¢rn Irel$ndl 2008. They are onable steps for thè preventian Approved by the Board of Tru$tso5 on and sloned on I behalf by: Jame$ McDyer Trusts•
Sailortown Regeneratlon Group INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF SAILORTOWN REGENERATION GROUP We have examined the financial statements of the charity for the financial year ended 31 March 2025, which ¢omprise Ihe Stalement of Financial Activities. the Balance Sheet and the related notes. This report is made solely to the ¢harity's members, as a body, in a¢¢ordance with the Charities Act (Northern Ireland) 2008. Our work has been undertaken so that we might compile th& financial statements thal we have been enGaged to compile, report to the 8oard of Trustees that w¢ have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members, as a body, for our work, or for thig rèport. R¢spoctlv• responslbllltles of trusté•s and ¢xamlner The charity's trustees are responsible for the prepar8tion of the financial statements in aG¢ordance with the requirements of the Chariles Act INorth8rn Irelandl 2008. Th• charity's trustees Consider thal an audit Is not required for this finan¢ial year under the Charities Act (Northern Ir8landl 2008 &nd that an independent èxaminatton 1$ required. It is our responsibility to., examine the financSal slatem&nts und8r seclion 85 of the Charltles Act., follow the procedures laid down by the g¢n8ral Direct'ons given by the Charity Commission for North•rn Ireland under sectlon 6519}Ibl of the Charities Act., and stato whether parbcular matters have come lo our attenOn. Bas1$ of Independent examlnfrr's report We have examined your ¢harity financial statoments as roquired undor soction 65 of th• Ch8ritSes Act and our examln8ty.on was c8rri•d out In a¢cord8nce wlth the general Dire¢tions giv8n by the Charlty Commlssion for Northern Ireland under 6¢¢b'on 6519llbl of the Charities Act. An oxamination inGlude$ a rgvi¢w of the ac¢ounts'ng r¢¢ords kept by the charity and a comparisLin of Ihg finanGial statements presented wllh those records. It also include$ conslderatlon of any unusual Items or dlsclosures in the financial statements and seeking explanab'On$ from th• trustees concerning any such matters, Tha procedures undertaken do not provide 811 tho evidence that would be required in an audlt and consequently no oplnlon 1$ given as to whether the 8¢¢ounts presont 8 'tru8 4nd falr, vi•w and the report is limited to those mattor8 set out in the statement below. In ¢onnectlon wlth our examinatbon, no matter ha$ come to our attenb'on whlch giv•s us cause to bollev• that In, any material r¢$pect'. accounting records w8r• not kept in a¢¢ordance wlth s6th.on 63 of th• Charlles Act the financial statements do not accord with those a¢countino r¢¢ords the financial st*ements have not been prepar•d in aG¢ordanco with the Statement of Recommended Practicè applicable to charillès preparing their accounts in accordance with the Financl81 Reporting Standard appllc8bl8 in the UK and Republic of Ireland IFRS1021 there 1$ further information needed foi a proper under$tanding of the accounts to be regched. Independent examlner's ststem¢nt We have no concerns and have come across no other matters In Connectron wlth the examlnatlon to whlch atttrntion should be drawn in this report In order to enable a proper understanding ol Ihe financial statements to be reached. Mr Mlke Nangle DNTCA LIMITED Charterod Accountants and Statutory Auditor Ormeau House 91-97 Ormeau Rosd Belfast BT7 1SH Date..
Sallortown Regeneratlon Group STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 March 2025 Unrestrl¢ted Restrlcted Funds Funds 2025 2025 Total Unrestricted Restricted Fund$ Funds Funds 2025 2024 2024 Totsl Funds 2024 Notss Income Charttsble activitie$ Grants from govemments and other co-funders Other trading activities Other income 150,221 160,221 156,054 156,054 3,966 3,816 3,966 4,172 11,978 2,533 11,978 2,533 358 Total Income 7,782 150,577 158,359 14,511 156,054 170,565 Expendltur• ChaThlable activities Other trading activities Other expenditure 11,990 17,677 60 1155,415 167,406 17,677 so 17,943 118,846 136,789 Total Expendlture 29,617 165,415 185,032 17,943 118,848 136,789 Net Incomel{expendlturel 121,836) (4,8381 (26,6731 13,4321 37,208 33,776 Transfers belAvo¢n funds Net movoment In funds for th• flnan¢lal year 121,836) (4,838) (26,6731 (3,432) 37,208 33,776 R¢conclllatlon of funds: Total funds beginning of the year 18 329,489 114,484 443,953 332,921 77,256 410,177 Total fund$ at tho end of the year 307,864 109.826 417.280 329,489 114,484 443.953 Tho Statement of Financial Acts'vities inGludes all gains and Ios6es recogni6•d in th• financial year. All incom• and expenditure relate to continuing aGb'vitses. The notes on page8 10 to 14 form part of the flnanci316tal¢menl$
Sallortown Regeneratlon Group BALANCE SHEET as at 31 March 2025 2025 2024 Notss Flxed Assets Tangible assets 12 298,819 316,396 Current A$$•ts Debtors Cash al b8nk and in hand 13 32,600 86,781 128,457 119,361 128,457 Cfedltors: Amounts falllng due wlthln one year 14 19001 {9001 Net Current Assets 116,461 127,557 Total Assets les• Current Llabllltl•s 417.280 443,953 Funds Rostricted trust funds Goneral fund lunre8lrl¢tedl 109,626 307,664 114,464 329,489 Total fvnd• 16 417,280 443,953 The financial ststements have beèn prepared in aGcordance wlth the provisions applicable to Companias subj¢¢t to the small companies, regime and in •¢cordance with FRS 102 "The Financi81 Reporting Standard applicable in the UK and Ropubllc of Ireland" applying Sè¢tlon 1A of th81 Standard. Approved by th• Board of TrustO05 and authorl••d for lssuo on half by and slgn•d on Its James McDyer Trustee Th¢ ntste8 on page8 10 to 14 fom part of the financlal statem?nts
Sallortown Regeneration Group NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 GENERAL INFORMATION Sailortown Regeneration Group is a ¢harity incorporated in Northern Ireland. The registered office of the charity is 11-13 Garmoyle Street, Belfost, BT15 1 DY which IG also tho principal place of business of the charity. The financi81 ststements hav8 been presented in Pound 1£) which is also the fvnction81 currency of the charity. SUMMARY OF 81GNIFICANT ACCOUNTING POLICIE8 The following aecounting poliGie¥ have been applied ¢onsi8tontly in dealing with items which ar8 considered material in relation to the charity'$ financial $tst8ments. 8a$ls of preparatlon The financial statemen1$ have been prepared In accordance with Accounlng and Reporting by Charities.. statemonl of Recommended Pr8Ctice 8ppli¢able to Charities preparing their accounts in accord•nce with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 las am8nded for accounty'ng periods comm&n¢ing on or after l January 20161. The Charity is a Public Benefit Entity a8 defined by FRS 102, Sailortown Reg8ner8tion Group meots the dofinition of a publ1¢ b8nofit entity under FRS102. Ass•ts and liabili8$ aro inib'ally reco9nlsod al histor1¢81 cost or value unless olhorwls• stated In the relevant 8c¢ounting poli¢y notes. Statement of compllance The financial statements of the charity for the fln8n¢ial year ended 31 March 2023 h8v8 been prepared on th• going concern basis and in aG¢ordance wlth th8 Statoment of Recommended Pr8cts'¢e ISORPI "Accounting and Roporting by Charib'¢6 preparing their a¢eounts in a¢Gord8nce with the Financial Reportlng Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that standard. Fund accountlng The followlng are the categorles of fvnds m8lntained'. Rtstrlct•d fvnds Restricted fund$ represent Income recelv&d which ¢•n only be used for particular purposes, 88 Gp8¢lfied by the donors. Such purpose$ ar• withln tha over811 objective8 of the chaaty. Unrestrlcted funds Unr•stri¢tèd funds consist of General and Designated funds. Gen8ral funds reprèsent amounts whi¢h art expandable at the discretion of Ihe board, in furth8ran¢e of the objectiv&s of the charity. Designated funds ¢omprise unrestrictod funds that thè board has, at its discration, set aside for partlcular purposes. These desi9nations have an administrative purp05• only, and do not logally restri¢l the board's discrets'on to apply the lund. Income Income is recognised by inclusion in the Stat8mont of Finan¢ial Activities only when tho charity Is legally entitled to the income. performance conditions att8ched ta the itemlsl of income have been mpt, the amounts involved can be mea8ur•d with suffici¢nt reliability and it is probable that the income will be received by the harity. In¢ome from charltsble a¢tlvltles Income from charitable activitles Include income eamed fram the supply of seNlces under contractual arrangem&nts and from performanGe relaiod grants which have conditions that specify the provision of parti¢ular servi¢e$ to be providèd by the charity, Income from government and other ¢o-funders Is recognised when the charity is legally entitled to the income because it is fulfilling the ¢onditions containod In the related funding agreemen1¥. Whero a grant 1$ receivèd in advan¢•, its r8cognits¢n 1$ dèf•rred and included in creditors. Where enb'tlement occurs before income Is received, it is accrued in debtors. Grants from govemments and other Go-funders typically include one of the following types of conditions.. Performance based conditions., wherèby the charity is contractually entrutsd to fvnding only to the extent that the core objectives of the grant agreement arg achieved. Where the charity is meeting the core objectives of a grant agreement, It recognises tho related expenditur8, to the éxtsnt that it is reimbursable by the donor, as inGome. io
continued Sailortown Regeneration Group NOTES TO THE FINANCIAL STATEMENTS for the financial y6ar ended 31 March 2025 Time based cOndionS.. whorèby the charlty is contractually entilled to funding on the condition th8t it Is utilised in a parti¢ular period. In these ¢ases the charity recognises the income to the extent it is utslised within the period spe¢ified in the agreement. In th8 absence of such condilions, assuming that receipt is probable and the amount can be reliably measur6d, grant income is recognised once the charity is notified of entr'llemenl. Grants received towards ¢apital expenditure are credited to the Stalement of FinanGial A¢tivitles when raceived or receivablè, whichever 1$ earlier. Expendlture Expenditure is analysed been costs of charitsble activities and raising funds. The costs of eaoh activity are separately CumUlated and disclosed, and analysod according to their major ¢omponents. Expendltmre is recognised when g legal or constructive obligation exists 8$ a result of 8 Past event, a transfer of econom1¢ benefits is required In $ettl8ment and the amount of the obligation ¢&n be reliably measured. Support costs arè those fun"OnS that assist the work of the charity but cannot be attribut8d to on8 actr'vity. Such costs aro allocated to activities in propO.0n to staff tsme spent or olher suitable measure for each activity. Tanglble flxtd assets and depreclatlon Tangible fixed assets gr& stated at ¢ost or at valuatton, less a¢¢umulaled éepreciation. The charge to depreciation is calculated to write off the origin81 Cost or valuation of tangible fixed et8, less their 6stim8tod resldual value, over their expgGted useful lives 86 follows.. Long leasehold property s% straight lino D•btors Debtors are rocognised al the setufjment amount due 8fter any dis¢ount offered. Prepayments gr¢ valued at the 8mounl prepaid net of any trade discoun1$ du•, Income r&¢ognisod by the charity from government agencies and other co-funder$, but not yel roceived at flnanclal year end, is nclUded in debtors. Cash al bank and In hand Cash ot bank and in hand comprl8es cosh on doposlt at banks r&qulrln9 le8S than threo months notjco of wlthdrawal. TaxatSon and deferrod taxatlon No current or def6rred laxalion ariges as th6 charlty has b•6n gr8nl•d charftablg exomption. Irrecoverabl• valued added tax is expensed a6 incurred. Deferrèd tax is rècognlsed in rosp•¢t of 811 timlng differenc06 thst hav• originated but not rover68d at the balan¢e sheet date where transactions or evenl$ have occurred at that date that will result in an obligation to pay more lax In the future, or a rlght lo pay less tax in Ihe future. Timing differences are tomporary dlffer8nces botsv8en the charity's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiseountad basis at the tax rates that are ants'cipated to apply in tho penods In which the timing differoncos 8re èxpected to reverse, bo$ed on tax rates and lawg that have been enacted or substsntivoly ènaded by the balanc8 sho&1 date. OOING CONCERN The Trustees h8ve not identified any material uncertalnties related to events or conditions that may cast slgnificant doubt about th& charlty'$ ability to continue as a aoing concern. CRITICAL ACCOUNTING JUDGEMENT AND ESTIMATES The preparats'on of the financial statèments requir89 managemènt to make judgements. estimates and assumptions that affect the amounts reported. These estim8tes and judgements 8re ¢ontinually revlewed and are basod on experience and other factors, inGludlng expectations ol fvture events that ar& btrlievad to be reasonable under circumstances. INCOME CHARITABLE ACTIVITIES Unrestrlcted Restrl¢ted Funds Fund$ 2025 2024 11
Gontinued Sallortown Regeneratlon Group NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 Grants from governments and other co-funders: Inter Comm 8elfast City Council 8HC Lottery Main Grant Rank Foundation Maritime Belfast NLHF Resilient Communlty Foundation 1,480 62,783 20,000 2,578 29,715 5,000 34,500 66,399 20,000 32,600 30,222 10,000 56,399 20.000 32,600 30,222 10,000 2.000 2,000 150,221 150,221 156,054 OTHER TRADING ACTIVITIES Unreslrlcted Restrlcted Funds Funds 2025 2024 Other trading activiti•s Trading income 3,963 3,983 11,978 3,966 3,966 11,978 OTHER INCOME Unréstrl¢t¢d Rostrlctsd Funds Funds 2025 2024 Renv room hlro 3,816 388 4,172 2,533 EXPENDITURE CHARITABLE ACTIVITIES Dlrect Costs Oth•r Co•ts Support Costs 2025 2024 Expenditure on charitable a¢ttvit8s 166,603 900 187,405 136,789 SUPPORT COST8 Charltable Actlvltle$ 2025 2024 Support 900 900 1,050 ANALYSIS OF SUPPORT C08TS 2025 2024 Support 900 1,050 NET INCOME 2025 2024 Net Income 1$ stated after charglnql{¢redltlngl: Depre¢iats'on of tangible assets 17,577 17,577 INVESTMENT ANO OTHER INCOME 2025 2024 Rent receivable - other inGome Sundry in¢ome 621 1,324 624 1,324 12
Continued Sailortown Regeneratlon Group NOTES TO THE FINANCIAL STATEMENTS for tho financial year ended 31 March 2025 EMPLOYEES AND REMUNERAnoN 10. Number of employees Tho average number of persons employed (including exe¢uts'vg tfusteesl dunng the financial year was a$ follows.. 2025 Number 2024 Number Operational Stsff The staff costs comprise.. 2025 2024 Wages and salarfes 71.308 52.688 11. TRUSTEE REMUNERATION AND EXPENSES There are no employees who recoived employe8 bèn8flts of more than £80,000 for tho reporting p8rfod. 12024.. 0} 12. TANGIBLE FIXED ASSETS Long l•asehold property Total Cojt At 31 Mar¢h 2025 351,550 351,550 D•prlatIOn At 1 April 2024 Charge lor the financlal year 35,154 17,577 3S,154 17,577 At 31 MJr¢h 2025 52,731 52,731 Net book valu? At 31 MarGh 2025 298,819 298.819 At 31 Mgrch 2024 318,396 316,396 2026 2024 13. DEBTORS Trade debtors 32,600 2026 2024 14. CREDITORS Amounts falllng due withln one year 900 AccNals 8nd deferred income 900 13
continued Sallortown Regeneratlon Group NOTES TO THE FINANCIAL STATEMENTS for the financial y88r ended 31 March 2025 15. RESERVES 2025 2024 At the beginning of the year IDgfieitllSurplu6 for the financial year 443,953 {26,673) 410,177 33,776 Atthe ond olthe year 417,280 443,953 18. FUND8 18.1 RecoNCILIATION OF MOVEMENT IN FUND8 Unrestrlcted Re$trlcted Funds Funds Total Funds At 1 AprS12023 Movement during the fin8nclal ye8r 332,921 13.4321 77,256 37,208 410,177 33,776 At 31 Mar¢h 2024 Movement durlng Ihe financlal year 329,489 121,8351 114.464 14,8381 443,953 128,6731 At 31 March 2025 307,854 109,628 417,280 16.2 ANALY818 OF MOVEMENTS ON FUNDS Balance Incom• Exyndlturo Transfer• between nd$ 8alan¢• 31 March 2025 2024 Re$trl¢ted funds R6stricted Unrestrlct•d Nnd8 Unrestri¢ted General 114.464 150,577 155,415 109,826 329,489 7,782 29,817 307,654 Total fvnds 443,963 16B.369 185,032 417.280 18.3 ANALYSIS OF NET ASSETS BY FUND Flxed assets - charlty us• Curront asset$ Current Ilabllltle$ Total Restr+ed trust fund8 32,600 32,600 Unrestr+Gl&d gèneral funds 298,819 86,781 (900) 384,680 298,819 119,361 {9001 417,280 17. POST-8ALANCE SHEET EVENTS There have been no significant events affecting tho Charity slnce the f nancial yoar-ond. 14
LORTOW GENE ION GR UPPLE NTARY INFORMATION NCIA TE NT FOR T E FINANCIA YEAR END 31MA CH 202 15
Sailortown Regeneration Group SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS OPERATING STATEMENT for the financial year ended 31 March 2025 2025 2024 Sch¢dulo Incom8 157,733 169,241 Charltable activitios and other expenses (185,032) {136,7891 (27,2971 32,452 Mis¢8llaneous income 624 1,324 N¢t {defl¢ltll$urplus (28,6731 33,776 The supplementary information does not form part of the financial Statements
Sailortown Regeneratlon Group SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS SCHEDULE 1 . CHARITABLE ACTIVITIES AND OTHER EXPENSES for the financial year ended 31 March 2025 2025 2024 Expenses Wages and salaries Rent payable Rates InsuTan¢è Light and heat Repairs and maintenance Printing, postage and stationery Telephone Computer costs Motor expenses Legal and prof86sonal Accountan¢y Slaff welfare Project costs Subscripts'ons Dopreciation 71,508 2,626 441 995 9,440 6,289 1,346 2,900 281 50 47,425 52,688 2,624 895 7,725 2,373 1,141 12 12,148 1,050 204 37,952 400 17,577 23,256 17,577 185,032 136,789 The supplementary information does not form part of th8 financial ststements 17
Sailortown Regeneration Group SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS SCHEDULE 2: MISCELLANEOUS INCOME for the financial year ended 31 March 2025 2025 2024 Mlscellaneou$ Income Rent receivable other incom Sundry income 821 1,324 824 1,324 The supplementary information does not form part ofthe finanGlal ststements 18