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 capital)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 ocfoBER 2023
Trustees, Annual Report (Incorporating the Director's Report)
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is controlled by its governing document, a Memorandum and Articles of Association,
and constitutes a limited company. limited 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
Registered Company number
N1044638
Reglstered Charlty number
NIC102835
Registered office
61 Main Street
Portglenone
Ballymena
BT44 8HP
CHAIRPERSON
P McPeake
TRUSTEES/DIRECTORS
N Worthington
K Adams (Treasurer)
M Kearney
P Mcpeake
D Clarke
INDEPENDENT EXAMINER
Tony Clarke
53 Andersontown Road
Belfast
BTII 9AG

RIVERSIDE COMMUNITY ENTERPRISES LTD
(Private company limited by guarantee without share capital)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
Trustees. Annual Report (Incorporatin8 the DSrector's Report)
The Trustees present their annual report together with the financial statements of the
tompany for the 01 November 2022 to 31 October 2023.
The financial statements have been prepared in accordance with the accounting policles set
out in note I to the financial statements and comply with the company's governing document,
the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of
Recommended Prartices 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 frorn l January 2019)
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 time. This has benefitted the public from Clady, Glenone, Innishrush, and
Portglenone by offering them the opportunity to start their own business in the locality.
This is demonstrated by the above number of people employed and the services provided
which Include, contractors, a paint shop, fitness suite, accountant, podiatrist, beautician,
publisher, hairdresser and furniture shop.
All the above businesses have been 8iven as much support as possible from the committee to
ease their Start up. Some of the businesses have enabled the training of others, one example
being the hairdressing salon. All businesses are operating successfully demonstrated through
the sustained 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 Portglenone for use as
community hub.
Overall the directors feel Riverside Comrnunity Enterprises have had a successful year.
Going 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 going concern basis In preparing the
financial statements. Further details regarding the adoption of the going concern basis can be
found in the Accounting Policies.

RIVERSIDE COMMUNITY ENTERPRISES LTD
(Private company limited by guarantee without share capital)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 ocfoBER 2023
Trustees, Annual Report (Incorporatlng the Dlrertor's Report) (continued)
Financial Review
The results for the year ended 31 October 2023 are set out on pages 6 and 7 of the financial
statements.
The total income for the year ended 31 October 2023 amounted to £43,234(2022: £42,120).
The total expenditure was £26,627 (2022.. £40,411)
The Trustees consider that the unrestricted funds of the charity Is sufficient and adequate to
fulfil their obligations. The charity held £881,764 at the year end which is made up of fixed
assets, debtors and cash at the bank (2022: £865,157).
Reserves Policy
The income of the Company is considered adequate and the risks associated with any
significant reduction in income Is re8arded as unlikely. The Trustees are satisfied with the
current level of reserves at the present time. The Trustees are reviewing the Reserves Policy .
in the current year.
Trustees, responsibllltles statement
The Trustees (who are also directors of Riverside Community Enterprise Ltd for the purposes
of company law) are responsible for preparing the Trustees, report and the financial
statements in accordance with applicable law and United Kingdom Accounting Standard
(United Kingdom Generally Accepted Accounting Practice)
Company law requlres the trustee5 to prepare flnancial statements for each financial year.
Under company law the Trustees must not approve the financial statements unless they are
satisfied that they give a true and fair view of the state of affairs of the charitable company
and of the income resources and application of resources, including the income and
expenditure of the charitable company for that period. In preparing these financial
statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently
observe the methods and prlnciples in the Charities SORP;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financlal statements on the going 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 suff icient to
show and explain the charitable company's transaction and disclose with reasonable accurary
at any time the financial position of the charitable company and the enable them to ensure
that the financial statements comply with the Companies Act 2016. They are also responsible
for safeguarding the assets of the charitable company and hence for taklng reasonable steps
for the prevention and detection of fraud and other irregularities.
This report was approved by the Trustees, on
ail. ia.1 Ioi*and signed on behalf by:
K Adams
Trustee