Company registered number: N1044638
Charity registered number: NIC102835
RIVERSIDE COMMUNITY ENTERPRISES LTD
Ipiivale company limited by 8uaranlee withoul Share capital)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022
Tony C13rke
53 Andersonstown Road
Belfast
BTII 9AG
II IIIIRIIN
')C290PR5'
2610412023
COMPANIES HOUSE
JNI

RIVERSIDE COMMUNITY ENTERPRISES LTD
CONTENTS
PAGE
Referente and administrative details of the charity, its trustees and
advisers
Annual Report of the Trustees including Directors
Independent Examiner Report
Statement of Financlal Activities
Balance Sheet
Notes to the Financial Statements
8-13

RIVERSIQE COMMUNITY ENTERPRISES LTD
(Prlvite ¢ompbny limlied by 8uaraniee wlthout share capi tall
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENOEO 31 OCTOBER 2022
STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING THE INCOME ANO EXPENDITURE
ACCOUNT
Yearto
Unrestricted Restricted 31-0rt-22
Funds
Funds
TOTAL
Year to
31-Oct-21
TOTAL
Note
Income from..
Donation5 and Legacies
Rental
Other Income
40,442
1,678
40,442
1,678
42,216
2,522
Total Income
42,120
42,120
44,738
Expendlture on:
Charitable Activitie5
40.411
140,411)
145,9741
Total Expenditure:
140.411)
140.411
(45,974)
Net income/(expenditurel
1,709
1,709
11,237)
Transfers between funds
Net movement in funds
1,709
1,709
(1,237
Reconclliation of F nds
Total funds brought forward
863,448
863,448
864,68S
Total funds carried forward
865,157
865,157
863,448
The statement of flnantial activlties includes all gains and losses reco8nlsed In the year.
All Incoming resources and resources expended derlve from ¢ontlnuing activitles.
The statement of fina ncial a ctlvities also complies with the requirernents for an income and
expenditure account under the Companies Act 2006.
The notes on page 8 to 13 form an integral part of these accounls

RIVERSIDE COMMUNITY ENTERPRISES LTD
Iprivale company Ilmited by Buaraniee without share capirall
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 OCTOBER 2022
BALANCE SHEET
As at 31 October 2022
2022
2021
Note
Fixed Assets
Tangible Assets
868,802
868,802
86S,802'
868,802
Current Assets
Oebtors
Cash at bank
1,410
7,205
8,614
2,766
2,105
4,871
Liabilities
Creditor S.. arnouhisfal4rtR¢utwbthln one yti",
19,515
17,481
Net Current Assets
12,611
12,74>>.
863.448
Creditors: lon4 ieirn Il•ollLIts
Net Assets
12,743)
865,157
Funds
fte5tricted
Unrestricted
865,157
863,448
TOTAL FLINDS
12
865,157
863,448
The company is entitled to the exemption from the audit requirement contained in section 477
of rhe Companies Act 2006, for the year ended 31 October 2022.
The trustee5 acknowledge their responsibilitles for ensuring that the charity keeps accountin8
records which comply with sectlon 386 of the Act and for preparing financial statements which
give a true and fair view of the state of affairs of the company as at the end of the f inancia
year and of its incoming resources and application of resources, includin8 its income and
expenditure. for the financial year in aCCDrdarice with the requirements of sections 394 and
395 and which otherwise comply with the requiremenls of the Cornpanles Act 2006 relating to
financial staternents, so far as applicable to the companv.
The mernbers have not required the company to obtain &lll dudit of its financial statements for
the year in question in accordance with Section 476.
These financial staternents have been prepared in accordance with the provisions applicable to
cornpanies subject to Ihe small companies regime.
The rinancial statements were approved by the board of directors on
were si8ned on their behalf by:
i Sf tsl3and
K Adams {Treasurerl
Trustee
The notes on page 8 to J.3 form and integral part of these accounts

RIVERSIDE COMMUNITY ENTERPRISES LTD
IPfi¥ate company limited by 8uaranteE wilhoul share capitall
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 OCTOBER 2022
NOTES TO THE ACCOUNTS
l Accounting policies
Charity information
Riverside Community Enterprises Ltd is a private company limited by guarantee incorporated in
Northern Ireland. The registered office is- 61 Main Streer, Portglenone. BT44 8HP and the
principal place of btssiness is Glenone Business PK , Kilrea Rd Portglenone 8T448PE.
1.1 Accounting conventlon
The accounts have been prepared in accordance with the charity's governlng docurnent, the
Companie5 Act 2006 and Accountlng 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 1021" (as amended for
accounting periods commencing from l January 20161. The charity is a Public Benefit Entity as
defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102
Update Bulletin I not to prepare a Statement of Cash Flow5.
The financial statements are prepared in sterling. which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention, modified to
include the revaluation of f reehold properties and to include investment properties and certain
f inancial instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that
the charity has adequate resources to continue in operational existence for the foreseeable
future. Thus the trustees continue to adopt the going concern basis of accountin8 in preparing the
financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their
charitable objectives unless the funds have been designated for other purposes,
Restricted funds are subject to specific conditions by donors as to how they may be used.
1.4 Incoming resources
Income is recognlsed when the charlty Is legally entitled to it afler any performance conditions
have been met, the amounts can be measured reliably. and it is probable that income will be
received.
Cash donations are recognised on receipt. Other donations are recognised once the charity ha5
been notified of the donation, unless performance conditions require deferral of the amount.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.

RIVERSIDE COMMUNITY ENTERPRISES LTD
(Private company limited by guarantee without share capital)
TRUSTEE5' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 ocfoBER 2022
NOTES TO THE ACCOUNTS (continued)
1.4 Incoming resources (continued)
Turnover is measured at the fair value of the considerarion received or receivable and represents
amounts receivable for goods and services provided in the normal course of business, net of
discounts, VAT and other sales related taxes.
1.5 Resources expended
Liabilities are recoBnised ès expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure. it Is probable that a transfer of economic be nefits will
be required in settlement and the amount of the obligation can be measured rellably.
Expend iture is accounted for on a n accruals basts and has been classified under headings Ihat
8greg3ie all cost related to the category.
The Charity is below the charlty audlt threshold and therefore Is exempt from reporting
expenditure on an activity basis. The charity has opted to report by the nature of expenditure
rather than on an activity basis.
1.6 Tangible flxed assets
Tangible fixed assets are Initially measured a t cost and subsequently measured at cost or
valuation. net of deprectation and any impairment losses,
Depreciation is reco8nised so as to write of f the cost or valuation of assets less their residual
values over their useful lives on the followin8 bases..
Equipment
Building
Land
25% Reducing Balance
Not Depreciated
Not Depreciated
1.7 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposit5 held at call with banks, other short-term
liquid investments with original maturities of three months or less, and bank overdrafts. Bank
overdrafts are shown within borrowings in current liabillties.
1.8 Financial Instruments
The charity has elected to apply the provisions of Section 11 '83sic Financial Instruments, and
Section 12 '0ther Financial Instrurnents Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recDgnised In the tharitY'5 balance sheet when the charity becomes
party to contractual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounts presented in the financial
statements, when there is a legally enforceable ri8ht to set off the recognised amounts and there
is an intention to settle on a net basis or to realise the asset and settle the liability sirnultaneously

RIVERSIDE COMMUNITY ENTERPRISES LTD
{Private company limited by Euarantee without share capital)
TRUSTEE5' REPORT ANO FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022
NOTES TO THE ACCOUNTS (continuedl
1.9 Basic financial assets
Basic f inancial assets, which inclvde debtors and c35h and bank balances, are Initially measured at
transaction price including transaction costs and are Subsequently carried at amortised cost using
the effective interest method unle55 the arrangement constitutes a financing transaction, where
the transaction is measured at the present value of the future receipts discounted at a market
rate of interest. Financial asset5 classified as receivable within one year are not amortised.
1.10 8351c flnancial liabllitles
Basic financial liabilities, including creditars and bank loans are initially reco8ni5ed at transaction
price unless the arrangement constitutes a financing transaction, where the debt instrument IS
measurEd at the present value of the future payments discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instrurnents are Subsequently carried at amortised c05t, using the effective interest rate
Method,
Trade creditors are obligations to pay for 8oods or services that have been acquired in the
ordinary course of operations from suppliers. Amounts payable ère classified as current liabilities
if payment is due within one year or less. If not, they are presented as non-current liabilitles.
Trade creditors are recognised initially at transaction price and subsequently measured at
amortised cost Using the effectlve Interest method.
1.11 Dereco8nition of financial Ibabilities
Financial liabilitles are derecognised when the charity's contractual obligations explre or are
discharged or cancelled.
1.12 Employee benefils
The cost of any unused holiday entitlement is recognised in the perlod in whlch the employee's
services are received.
Termination benefits are recognised immediately as an expense when the charity is
dernonstrably committed to terminate the employment of an ernployee or to pro￿de terminarion
benefits.
1.13 Critical accounting estimates and judgements
In the application of the charity's accounting policie5, the trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities that
are not readily apparent from other sources. The estimates and associated assumptions are based
on historic31 experience and other factors that are considered to be relevant. Actu31 results may
differ from these estimates,
The eslimates and underlying assumptions are reviewed on an on80in8 basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects only that period, or in the period of the revision and future periods where the
revision affects both current and future periods.
10

RIVERSIDE COMMUNITY ENTERPRISES ITD
(Private company limited by guarantee wlthout Share capital)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022
NOTES TO THE ACCOUNTS Icontinuedl
2 Incom
from Donations and Le
aci
2022
2021
Unrestricted
Funds
Restricted
Funds
TOTAL
TOTAL
Donations and Legacies
Totals 2022
Tota15 2021
3 In
mefr
mRen
2022
2021
Unrestrlcted
Funds
Restrl¢ted
Funds
TOTAL
TOTAL
Rental
Service Charge
Totals 2022
38,362
2,080
40,442
38,362
2,080
40,442
40.076
2,140
42,216
Totals 2021
42.216
42,216
ther In
om
Unrestricted
Funds
Re5trlcted
Funds
2022
TOTAL
2021
TOTAL
Insurance
Grant5
Totals 2022
1,678
1,678
1,689
833
2,522
1,678
1,678
Totals 2021
2,522
2,522
5 Slaff C
sts an
mber
There were no direct employees during the year.12021'.Nill
No trustee received any remuneration or expenses for services as a trustee during the
current year, nor during the year ended 31 October 2021.
6 Debtors
2022
2021
Rents outstanding
1.410
1,410
2,766
2,766
7 Creditors: amounts fallin
due within one
ear
2022
2021
Accruals & Deferred Income
Trade Creditors
HMRC VAT
600
soo
8,118
11,1371
7.481
7,488
1.427
9,515
li

RIVER51DE COMMUNITY ENTERPRISES LTD
(Pfivate Company limired by Euarantee without share cèpitèll
TRUSTEE5' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022
NOTES TO THE ACCOUNTS ICONTINUEDI
enditure
Charitable Activities
2022
2021
Unrestricted
Funds
Restricted
Funds
TOTAL
TOT AL
Awards and Grants
Electricity & gas
Repairs and Maintenance
Insurance
Administration
Sewerage
Consultancy & professional fees
Bank Char8es
Charitable Donations
Water Charges
Total 2022
984
931
10,524
2.071
12,861
931
10,524
2,071
12.861
642
11.723
1,976
10,400
700
180
10,000
2.160
40,411
700
180
10,000
2,160
40,411
600
157
18,000
2,476
45.974
Tot312021
45,974
45,974
9 Tan
ible Fixed Ass
COST
At l November 2021
Additions
Disposals
At 31 October 2022
Buildin
Lan
768,802
100,000
868,802
768,802
ioo,ooo
868,802
DEPRECIAfioN
At l November 2021
Char8e for the year
Eliminated on disposal
At 31 October 2022
NET BOOK VALUE
At 31 October 2021
768,802
loo,000
868,802
Al 31 October 2022
768,802
100,000
868,802
10 Inde
endent examiner's remuneration
The independent Examiner's remuneration amounts to an Independent Examination fee of
£50012021- £5￿)
11 Related
transa
ions
There were no related party transactions during the year.
12

RIVERSIDE COMMUNITY ENTERPRISES LTD
(Private ¢ompany lirnlied by guafaniee without share capilal
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FORTHE YEAR ENDEO 31 OCTOBER 2022
NOTES TO THE ACCOUNT51contlnued)
12 Statement ol funds- current
ear
Balance at
INOV
2021
Balance at
310rt
2022
Income
Expenditure
Transfer
in/out
Restrieted funds
Restricted Fund5
Total restricted funds
863,448
863,448
42.120
42,120
(40,4111
140,4111
865.157
865,157
Unrestrlcted funds
General funds
Total Unreslrirted funds
Total of fund5 . current year
863,448
42.120
140,4111
865.157
13
atem nt of fund -
Balance at
INOV
2020
Transfer
in/out
Balance at
31 Ocl
2021
Income
Expenditure
Total unrestricted f unds
Tot31 restricted f unds
Total of funds - prior year
864,685
864,685
44.738
44,738
(45,974)
45,974
863,448
863,448
13