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
RIVERSIDE COMMUNifi ENTERPRISES LTD IPr5vate CDmp3ny limited byguarantee without share capitèll TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 ocfoBER 2022 Trustees, Annual Report Ilncorporating the Oirèctor's Report) STRLICTURE, GOVERNANCE AND MANAGEMENT The charity is controlled by its governing docurnent, a Memorandum and Articles of Association, nd constitutes a limlted tompany. limlted by guarantee, as defined by the Companies Act 2006. The company was incorporated on 8 November 2002 and registered with the Charity Commission for Northern Ireland on 2nd October 2015. REFERENCE AND ADMINISTRATIVE DETAILS Re8lStered Company nurnber N1044638 Re8lStered Charity number NIC102835 Re6lstered oHlce 61 Main Street Portglenone Ballymena BT44 8HP CHAIRPERSON P McPeake TRUSTEES/OIREcfoRS N Worthin8ton K Adams (Treasurer) M Kearney P Mcpeake D Clarke INDEPENDENT EXAMINER Tony Clarke 53 Andersontown Road Belfast BTII 9AG
RIVERSIDE COMMUNITY ENTERPRISES LTD Iprivate cothp?ny limlred by 8uaiantee wllhovt share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 Trustees, Annual Report (Incorporating the Director's Report The Trustee5 present their annual report together with the fi nancial statements of the company for the 01 November 2021 to 31 October 2022. The financial statements have been prepared in accordance wtth the accounting policies set out in note I to the financial statements and comply with the company's 8overnin8 document, the Companies Act 2006 and Accounting and Reporting by Charities.. Statement of Recommended Practices applicable to charities preparing their accounts in accordance with the Financial Reportit)g Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from l January 2016) Riverside Community Enterprises have been able to provide nine business units on favourable terms which are currently all let. This has contributed to the creation of employment of 34 people, full and part tlme. This has benefitted the public from Clady, Glenone, Innishrush, and Portglenone by offering them the opportunity to start their own business in the locality. Thls Is demonstrated by the above number gf people employed and.the servlces provided which include, contractors, a paint shop, fitness suite, accountant, podiatrist, beautician, publisher, hairdresser and furrtlture shop. All the above businesses have been 8iven as much svpport as possible from the committee to ease Iheir start up. Some of the businesses have enabled the training of others, one example being the hairdre55ing salon. All businesses are operatln8 successfully demonstrated throu8h the 5UStained provision of the above services. Through. out the past year we have been able to offer financial support to Portglenone Enterprise Group Ltd who have renovated the former Danske Bank in Port8lenone for use as community hub. Over?11 the directors feel Riverside Community Enterprises have had a successful year. Goln8 Concern After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the 6oing concern basis in preparing the fi nancial statements. Further detai15 regardlng the adoption of the going concern basis ca n be fou nd in the Accounting Policies.
RIVERSIDE COMMUNlfl ENTERPRISES LTD (Prlvaie company limited by guaraniee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 Trustees, Annual Report (Incorporating the Director's Report) {continued} Financial Review The results for the year ended 31 October 2022 are set out on pages 6 and 7 of the financial statements. The total Income for the year ended 31 October 2022 amounted to £42,12012021: £44,738). The total expenditure wa5 £40,411 (2021: £4S,974) The Trustees consider that the unrestrlcted f unds of the cha rlty is sufficient and adequate to fulfil their obligations. The charity held £86S, 157 at the year end which is made up of fixed assets. debtors and cash at the bank12021: £863.4481. ReseThes Policv The income of the Company is considered adequate and the risks associated with any signif icant reduction In income is regarded as unlikely. The Trustees are satisf led with the current level of reserves at the present time. The Trusiees are reviewing the Reserves Policy in the current year. Trustees, re5ponsibilltles Statement The Trustees Iwho are also directors of Riverside Community Enterprise Ltd for the purposes of company lawl are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kin8dom AccountSn8 Standard (United Kingdom Generally Accepted Accounting Practice) Company13w requires the trustees to prepare financial statements for each financial year. Under company law the Tru5tee5 rnu5t not approve the financial statements unless they are satisfied that tliey give a trve and fair view of the state of èffalrs of the charitable company and of the income re50urces and application of re50urce5, includin8 the incorne and expenditure of the charitable company for that period. In preparing these financial statements, the Trustees are required to: select sultable accounting policies and then apply them consistentlv observe ihe methods and prlnciples in the Charities SORP; make judgments and accounting estimates that are reasonable and prudent,. prepare the financial statements on the goin8 concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explaln the charltable company's transaction and dlsclose with reasonable accuracy at any time the linancial position of the charitable company and the enable them to ensure that the financial statements comply with the Companies Act 2016. They are 3150 responsible for safeeuarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection Df fraud and other irregularities. This report was approved by the Trustees. on .A f60 L3 and signed on behalf by: K Adam5 Trustee