KILREA ENTERPRISE GROUP LIMITED
TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act
2006 and "Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) (effective 1 January 2019)"
Objectives and activities
The charity's objects are to promote the benefit of the inhabitants of Kilrea and rts environs (the "area of benefit")
without distinction of sex, race or political, religious or other opinions by associating with the statutory authorities.
voluntary organisations and inhabitants in a common effort to=
{1} advan￿ education
(li) provide facilities in the interests of social welfare for recreation and other leisure time occupations with the object
of improving the conditions of life for the said inhabitants,. and
(iii) provide such amenities and facilities for the benefit of Ihe public in particular but not exclusively river walks, wild
flower meadows and tree planting.
Public benefrt
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
Providin
amenities and facilities for the benefit of the
ublic
The public benefit is improved health and well-being and the promotion of positive and physical health through the
development and support of walking trail and aC￿sS to the countryside to those of our beneficiaries who are in poor
health or disability. There is a public benefit which flows from our charitable objects as we increase employ ability
and ensure that our area is an attractive and well managed place to live and that local people can acquire the
education and skills they need to fulfil their true potential and enjoy positive health and well-being as a result.
Volunteers
We are an open organisation welcoming people of all ages and from all backgrounds who are interested in
volunteering with us. Our beneficiaries are the members of the public who are rural dwellers of all ages from the
local area. They are also our volunteers who can gain skills and confidence while providing of their time and
expertise. How we prove our benefit is through record keeping of feedback from those who attend our initiatives as
well as those who volunteer in our various activities and attend our events. We provide newsletters and flyers, utilise
the local press for publicity and take photographs and also collect monitoring information when we access public
funds for our activities. There is no private benefit accrued to any of our trustees as everyone is treated the same
and has equal access to all of our support and services.
Achievements and perforniance
Significant activities and achievements against objectives
Financial review
The results for the year are set out on page 5. The company retumed net income for the year of £67,595 {2023 - net
expenditure of £32,973). At 31st March 2024 the total funds of the charity amounted to £833,733 (2023- £766,138)
comprised solely of general unrestricted funds.
Resernes policy
The trustees endeavour to maintain sufficient fvnds to ensure that, in the event of a significant drop in funding, they
will be able to continue the charity's current activities while consideration is given to ways in which additional funds
may be raised.

KILREA ENTERPRISE GROUP LIMITED
TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Major risks
The Trustees regularly assess the major risks to vthich the Charity is exposed, and are satisfied that systems are in
place to mitigate exposure to any major risks.
Plans for futu￿ periods
The Kilrea Enterprise Group wll help to fvnd suitable local start up businesses that fulfil relevant criteria for
sustainability and employment, using the interest generated by capital, with a view to keeping the capital intact.
Structure, governance and management
The charity is a company limited by guarantee. The principal activity of the company is to promote the establishment
of small business activities which would provide employment in the area.
The trustees, who are also the directors for the purpose of company law. and who served during the year and up to
the date of signature of the financial statements were=
Mr Thomas Collins MBE
Ms Mary Gibson
Mr David Laughlin
Recruitment and appointment of twstees
The management of the company is the responsibilty of the trustees who are elected under the terms of the
Memorandum and Articles of Association.
Mr T Collins MBE, Ms M Gibson and Mr D Laughlin. being the trustees for the time being, retire by rotation at the
Annual General Meeting. The above persons. being eligible. offer themselves for re-election.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and
guarantee to contribute £1 in the event of a winding up.
Organisational stnjcture
Kilrea Enterprise Group Limited is govemed by its Memorandum and Artides of Association dated 5 February 1991.
It registered with the Charity Commission for Northem Irdand on 30 June 2015.
Small companies provisions. disclosure
This report has been prepared in accordan￿ with the provisions applicable to companies entitled to the small
companies exemption.
Thp. triJ.qtp.p.q rp.nort was approved by the Board of Trustees.
Mr David Lauglilin
Trustee
30 January 2025