SOUTHERN GROUP ENTERPRISES LIMITED (REGISTERED NUMBER: N1019910)
Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with
the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing theiT
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective l January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are..
To enhance education, in particular for young people, by providing training facilities for the acquisition and
development of occupational skills and work experience for period5 in each case not nornially exceeding two years."
The main objectives for the year continue to be focused on the provision of community based training.
Pllblie benefit
The trustees are confident that the charitable aims of Southern Group Enterprises Limited satisfy the principles of public
benefit as defined in the Charities Act. They have referred to the guidance contained in the Charity Commission's
general guidance on public benefit when reviewing the aims and objectives and in planning tts future activitie5.
The public purpose of Southern Group Enterprises Limited is to provide an educational programme, based on
occupational and essential skills, to those pupils at school who wish to opt out of the fomial academic route. The target
group are those pupi15 who at the age of fourteen to sixteen are seeking an alternativ¢ educational system that challenges
them to develop and demonstrate their individual capabilities and creative skills. The provision of the
vocationaVoc¢upational programmes provided by Southern Group Enterprises Limited is an extension to the secondary
level of the mainstream educational system. The benefit of this is two fold in that it enhances and supports the career
departments within the local schools by providing the Oppor￿nity for work related training for pupils during school time
and secondly the beneficiaries. the pupils* gain through maximising their potential through obtaining a vocational career
and the feeling of self esteem and respect from thÈs achievement, attaining relevant academic and vocational
qualifications but also developing life skills both at a personal and social level. The age at which pupils enter the
vocationavoccupational programmes is one that Southern Group Enterprises Limited see as a der￿ing time of a young
person's life during which time their personalitylexpectations are detern]ined and defmed for later life. The public
pU￿oSe therefore is the starting point under which education can provide a stable environment and base for each young
person going fo￿v￿d. As for the community the benefit derived is that upon entering society at large the pupils have
become young adults displaying responsibility and self belief within themselves that originates through the acquisition of
skills attained within the educational programme.

SOUTHERN GROUP ENTERPRISES LIMITED (REGISTERED NUMBER: N1019910)
Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activtties
The charity, in conjunction with schools within the Newry and Mourne education catchment area, provided vocational
training during the academic year to those pupils seeking an alternative option to the traditional education route of
learning.
The educational programmes, provided by the charity within a supported environment, gives styjdents the opportunity to:
develop life long skills for independence
enable progression to other educational courses. training and employment
help to raise levels of achievement. and
develop transferable skills needed in an ever evolving work environment.
The academic year saw over 80 students from local schools engage in achieving vocational qualifications provided by
educational providers such as the City & Guilds and delivered at source by the charity. The success of the charity can be
seen, not only in the tangible evidence of academic qualifications but also, in the transfonnation of the young students
belief in their own ability to set and achieve personal goals.The charity affords young s￿dents, on the basis of their
academic success, the opportunity to seek and develop careers in their chosen vocation and provide employers with a
workforce capable of meeting the demands of todays economy. The achievements of the charity's students reflects the
delivery of the aims of the charity in each and every subsequent academic year.
FINANCIAL REVIEW
Financial position
The end of the year saw a result in which there was a demand upon the charity's financial resources and the results for
the year are set out in detail on pages 6 to 15. The company returned a deficit for the year of £4,389.
Principal funding sources
The main source of funding is derived from the provision of training under the STEPS and VEP programmes. The
charity provides these services directly to the local schools, ultimately the funding is provided by the Southern Education
& Library BoaTd.
Investment policy and objectives
Under the Memorandum and Article of Association. the charity has the power to invest in any way the trusle¢s wish.
However in fonnulating an investment policy, the charity has recognised that whilst it may have surplus funds to invest,
these are likely to be called upon in the short tenn. The policy is to maintain high levels of capital security by
minimising interest rate risk, maximising retums and liquidity and maintaining low transaction costs.
Reserves policy
The Management Committee have examined the charity's requirements for reserves in light of the main risks to the
organisation. A policy has been established whereby unrestricted funds not committed or invested in tangible assets held
by the charity should be between 6 and 9 months of the annual budgeted expenditure. Budgeted expendittLre for
2023124 is approximately £265,000 and therefore the target is between £132,500 and £198,750 of general unrestricted
funds. The reserves are required to meet the working capital requirements of the charity. The charity recognised the
continued need of a fund to both re￿rbISh and make irnprovements to their land and buildings. As such a designated
fund of £550,000 was set aside for the redevelopment and improvement of the charity's property. To date an amount of
£291,870 of this ￿nd has been used leaving designated funds for the redevelopment and improvement of the charity's
land and buildings of £258,130.
Free reserves at 31 March 2024 amount to £141,245, which falls short of the lower target figure of £165,625 for
unrestricted funds. In calculating reserves the designated fund (£258,130) and the net book value of fixed assets held
(£320,378) have been excluded. Although the strategy is to continue to build reserves, the Management ConLmittee is
aware that it is unlikely that the target can be reached for a number of years.
The charity plans to continue the objectives and activities outlined above, subject to satisfactory funding a￿ngementS.

SOUTHERN GROUP ENTERPRISES LIMITED (REGISTERED NUMBER: N1019910)
Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The company was incorporated on 22 October 1986 as a charitable company limited by guarantee, and also received
charitable status from HM Revenue & Customs. The company was registered with the Charities Commission in Northern
Ireland on 16 December 2015. The company was established under a Memorandum of Association which established
the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the
company being wound up members are required to contribute an amount not exceeding £ l.
Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purposed of charity law and under the company's Articles
are known as members of the Management Committee. Under the requirements of the Memorandurn and Articles of
Association the members of the Management Committee ale elected to serve for a period of three years after which they
must be re-elected at th¢ next Annual General Meeting.
Due to the nature of the charity's work the trustees seek to ensure that these needs are appropriately reflected through the
diversity of the trustee body. To enhance the potential pool, trustees are requested to provide a list of their skills (and
update it each year) and in the event of particular skills being lost due to retirement, individuals are approached to offer
themselves for election.
Induction and training of new trustees
New trustees are briefed on their legal obligations under charity and company law, the content of the Memorandum and
Articles of AssociatÉon. the committee and decision making processes, the business plan and recent financial
perforniance of the charity. They also meet other trustees and are encouraged to attend appropriate external training
events where these will facilitate the undertaking of their role.
All tsvstees are already familiar with practical work of the charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
N1O19910 (Northern Ireland)
Registered Charity number
103568
Registered office
Unit 22 Rampart Way
Greenbank Ind Estate
Warrenpoint Road
Newry
Co. Down
B T34 2QU
Trustees
C P Bagnall Mobile Engineer
Ms M D M Coulter Solicitor
R G Coulter MBE Building Contractor
K McGivern Chartered Accountant
C O'Hare Admtnistrative Officer
Company Secretary
Mrs B Rocks

SOUTHERN GROUP ENTERPRISES LIMITED (REGISTERED NUMBER: N1019910)
Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Mr Conaill McGrady FCA
M.B.McGrady & Co
Chartered Accountants
Rathmore House
52 St Patricks Avenue
Downpalrick
Co. Down
BT30 6DS
Solicitors
MDM Coulter
125 Harbour Road
Kilkeel
Co.Down
BT34 4AT
This repoi't has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating
to small conipanies.
Approved by order of the board of trustees on 25 June 2024 and signed on its behalf by:
CLI&
Mrs B Rocks - Secretary