Company registered number: N1044638
Charity registered number. NIC102835
RIVERSIDE COMMUNITY ENTERPRISES LTD
IPri¥ate compony limited by iuarantee without share capltal)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
Tony Clarke
53 Andersonstown Road
Belfast
BTII 9AG
*ADFTUKNK*
1411112024
COMPANIES HOUSE
#51

RIVERSIDE COMMUNITY ENTERPRISES LTD
CONTENT5
PAGE
Reference and administrative details of the charity, its trustees and
advisers
Annual Report of the Trustees including Directors
Independent Examiner Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8-13

RIVERSIDE COMMUNITY ENTERPRISES LTD
(Private company limited by guarantee without share capitall
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING THE INCOME AND EXPENDITURE
ACCOUNT
Year to
Unrestrlrted Restrlcted 31-Oct-23
Funds
Funds
TOTAL
Year to
31-Oct-22
TOTAL
Note
Income from:
Donations and Legacies
Rental
Other Income
41,536
1,697
41,536
1,697
40,442
1,678
Total Income
43,234
43.234
42,120
Expenditure on:
Charitable Activities
126,627)
26,627
{40,411)
Total Expenditure:
{26,6271
(26,627)
(40,411)
Net Income/(expendlture)
16,607
16,607
1,709
Transfers between funds
Net movement In funds
16,607
16,607
1,709
Reconclllatlon of Funds
Total funds brought forward
86S,157
865,157
863,448
Total funds carrled forward
881,764
881,764
865.157
The statement of financial activities includes all gains and105ses recognised in the year.
All incoming resources and resources expended derive from continuing activities.
The statement of financlal activities also complles with the requirements for an income and
expenditure account under the Companies Act 2006.
The notes on page 8 to 13 form an integral part of these accounts

RIVERSIDE COMMUNITY ENTERPRISES LTD
{Private company limited by guarantee without share capital)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
BALANCE SHEET
As at 31 October 2023
2023
2022
Note
Flxed Assets
Tangible Assets
868,802
868,802
868,802
868,802
Current Assets
Debtors
Cash at bank
1,410
7,205
8,614
21,807
21,807
Llabllitbe5
Creditors: amouTht5 fJllln8due wlthln one year
{6,100)
(9,515)
Net Current Assets
15.707
(2,7431
881,764
1901)
(2,7431
865,157
Creditors: lon8 term Ilab114tles
Net Assets
Funds
Restricted
Unrestricted
881,764
865,157
TOTAL FUNDS
12
881,764
865,157
The company is entitled to the exemption from the audit requirement contained in section 477
of the Companies Act 2006, for the year ended 31 October 2023.
The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting
records which comply with section 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 financial
year and of its incoming resources and application of resources, including it5 income and
expenditure, for the financial year in accordance with the requirements of sections 394 and
395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial Statements, so far as applicable to the companv.
The member5 have not required the company to obtain an audit of its financial Statements for
the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
The flnancial statements were approved by the board of directors on .
were signed on their behalf by:
K Adams (Treasurer)
Trustee
The notes on page 8 to 13 form and integral part of these accounts

RIVERSIDE COMMUNITY ENTERPRISES LTD
(Private company limited by guarantee without share capital)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
NOTES TO THE ACCOUNTS
l Accountin8 pollcies
Charity informatlon
Riverside Community Enterprises Ltd is a private company limited by guarantee incorporated in
Northern Ireland. The registered office is: 61 Main Street, Portglenone, BT44 8HP and the
principal place of business is Glenone Business PK, Kilrea Rd Portglenone BT448PE.
1.1 Accounting convention
The accounts have been prepared in accordance with the charity's governing document, 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 IFRS 1021" las amended for
accounting periods commencing from l January 20191. The charity is a Public Benefit Entity as
defined by FRS 102.
The charity has taken advantage of the provislons in the SORP for charlties applying FRS 102
Update Bulletin I not to prepare a Statement of Cash Flows.
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 freehold properties and to include investment properties and certain
financial instruments at fair value. The prlncipal accounting pollcies adopted are set out below.
1.2 Golng concern
At the time of approving the financial statements, the trustees have a reasonable expectation that
the charlty has adequate resources to continue in operatjonal existence for the foreseeable
future. Thus the trustees continue to adopt the going concern basis of accounting 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 fund5 are subject to specific conditions by donors as to how they may be used.
1.4 Incoming resources
Income is recognised when the charity is legally entitled to it after any performance condition5
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 has
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 15
recognised at the time of the donation.

RIVERSIDE COMMUNITY ENTERPRISES LTD
{Private company limited by guarantee without share capital)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
NOTES TO THE ACCOUNTS (contlnued)
1.4 Incomin8 resources (continued)
Turnover is measured at the fair value of the conslderatlon received or receivable and represents
amounts receivable for goods and seniices provided in the normal course of business, net of
discounts, VAT and other sales related taxes.
l.S Resources expended
Liabilities are recognised as 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 benefits w511
be required in settlement and the amount of the obligation can be measured reliablv.
Expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all cost related to the category.
The charity is below the charity audit threshold and therefore is exempt from reporting
expenditure on an activlty basis. The charity has opted to report by the nature of expenditure
rather than on an activity basis.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or
valuation, net of depreciation and any impairment losses.
Depreciation is recognlsed so as to write off the cost or valuatlon of assets less their residual
values over thelr useful lives on the following bases:
Equipment
Building
Land
25% Reducing Balance
Not Depreciated
Not Depreciated
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits 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 liabilities.
1.8 Financial instruments
The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and
Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity become5
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 right 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 simultaneously

RIVERSIDE COMMUNITY ENTERPRISES LTD
(Private company limited by guarantee without share capital)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
NOTES TO THE ACCOUNTS {continued)
1.9 Basic financial assets
Basic financial a55ets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using
the effective interest method unless the arrangement constitutes a financing transaction, where
the transactlon is measured at the present value of the future receipts discounted at a market
rate of interest. Financial assets classifled as receivable within one year are not amortised.
1.10 Basic financial liablllties
Basic f inancial liabilities, including credltors and bank loans are initially recognised 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 instruments are subsequently carried at amortised cost, usin8 the effective interest rate
method.
Trade creditors are obligation5 to pay for goods or services that have been acquired in the
ordinary course of operations from suppliers. Amounts payable are classified as current liabilities
if payment is due within one year or less. If not, they are presented as non-current liabilities.
Trade creditors are recognised initially at transaction price and subsequently measured at
amortised cost using the effective interest method.
1.11 Derecognition of flnancial liabllities
Financial liabllities are derecognised when the charlty's contractual obligations expire or are
discharged or cancelled.
1.12 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's
service5 are received.
Termination benefits are recognised immediately as an expense when the charity is
demonstrably committed to terminate the employment of an employee or to provide termination
benefits.
1.13 Critical accounting estimates and judgements
In the application of the charity's accounting policies, 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 historical experience and other factors that are considered to be relevant. Actual results may
differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing 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 LTD
{Private company limited by 8uafantee without share capital)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
NOTES TO THE ACCOUNTS (continued)
2 Income from Donations and Le
acies
2023
2022
Unrestrlcted
Funds
Restrlcted
Funds
TOTAL
TOTAL
Donatlons and Legacies
Totsis 2023
Totals 2022
3 Income from Rental
2023
2022
Unrestricted
Funds
Restrlcted
Funds
TOTAL
TOTAL
Rental
Service Charge
Totals 2023
39,300
2,236
41,536
39,300
2,236
41,536
38,362
2,080
40,442
Totals 2022
40,442
40,442
4 Other Incom
Unrestrirted
Funds
Restrlcted
Funds
2023
TOTAL
2022
TOTAL
Insurance
Grants
Totals 2023
1,697
1,697
1,678
1,697
1,697
1,678
Totals 2022
1,678
1,678
S Staff Costs and Numbers
There were no direct employees during the year. {2022:Nill
No trustee received any remuneration or expenses for ser4ices as a trustee during the current
year, nor during the year ended 31 October 2022.
6 Debtors
2023
2022
Rents outstandin8
1,410
1,410
7 Credltors: amounts fallin
due within one
ear
2023
2022
Accruals & Deferred Incorne
Corporation Tax
Trade Creditors
HMRCVAT
600
3,919
600
7,488
1,427
9,515
1,581
6,100
li

RIVERSIDE COMMUNITY ENTERPRISES LTD
(Private company limired by guarantee without share capital)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
NOTES TO THE ACCOUNTS (CONTINUED)
8 Ex
endlture
Charitable Activities
2023
2022
Unrestrirted
Funds
Restricted
Funds
TOTAL
TOTAL
Awards and Grants
Electricity & gas
Repairs and Maintenance
Insurance
Administration
Corporation Tax
Consultancy & professional fees
Bank Charges
Charitable Donations
Water Charges
Total 2023
984
931
10,524
2,071
12,861
834
4,666
2,330
5,200
3,919
417
166
7,000
2,096
26,627
834
4,666
2,330
5,200
3,919
417
166
7,000
2,096
26,627
700
180
10,000
2,160
40.411
Total 2022
40,411
40,411
9 Tan
Ible Flxed Assets
COST
At l November 2022
Additions
Disposals
At 31 October 2023
Buildin
Land
Total
768,802
loo,000
868,802
768,802
loo,000
868,802
DEPRECIATION
At l November 2022
Charge for the year
Eliminated on disposal
At 31 October 2023
NET BOOK VALUE
At 31 October 2022
768,802
100,000
868,802
At 31 October 2023
768,802
100,000
868,802
10 Inde
endent examiner's remuneration
The independent Examiner's remuneration amounts to an Independent Examination fee of
£600 (2022 - £600)
11 Related
transactions
There were no related party transactions during the year.
12

RIVERSIDE COMMUNITY ENTERPRISES LTD
(Private company limited by guarantee without share capital)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
NOTES TO THE ACCOUNTS (continued)
12. Staternent of funds - current
ear
Balance at
INOV
2022
Balance at
31 Oct
2023
Income
Expenditure
Transfer
in/out
Restricted funds
Restricted Funds
Total restricted funds
865,157
865.157
43,234
43,234
126,627)
126,627)
881,764
881,764
Unrestrlcted funds
General funds
Total Unrestricted funds
Total of funds - current year
865,157
43,234
126,627)
881,764
13 Statement of fund-
rior
ear
Balance at
INOV
2021
Balance at
31 Oct
2022
Income
Expenditure
Transfer
in/out
Total unrestricted funds
Total restricted funds
Total of funds - prior year
863,448
863,448
42,120
42,120
(40,411)
(40,411)
86S,157
865,157
13