REGISTERED COMPANY NUMBER: N1019910 (Northern Ireland)
REGISTERED CHARITY NUMBER: 103568
Report of the Trusteos 2nd
UDaudited Financial Statements
ror the Year Ended 31 March 2025
for
Southern Group Enterprises Limited
M.B.McGrady & Co
Chartered A¢¢ountants
Rathmore House
52 St Patricks Avenue
Downpatrick
Co. Down
BT30 6DS

Southern Group Enterprises Limited
Contents of the Finaneial Statements
for the Year Ended 31 March 2025
Pag¢
Report ol the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial StatemeDts
9 to 15

Southern Group Enterprises Limited (Registered number: N1019910)
Report of the Trustees
for the Year Ended 31 March 2025
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 2025. The trustees have adopted the provisions of
Accounting and Reporting by Charities: Statement of Recommended Practice applÉcable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective l January 20 19).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are:
To enhance educatton, in particular for youThg people, by providing training facilities for the acquisition and
development of occupational skills and work experience for periods 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.
Public benefit
The trustees are confident thal the charitable aims of Southern Group Enterprises Limited satisfy the principles of public
benefit as defmed in the Charities Act. They have referred to the guidance contained in the Charity Comniission's
general guidance on public benefit when reviewing the aims and objectives and in planning its future activities.
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 formal academic route. The target
group are those pupils who at the age of fourteen to sixteen are seeking an alternative educational system that challenges
them to develop and demonstrate their individual capabilities and creative skills. The provision of the
vocationavoccupational programmes provided by Southern Group Entetprises 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 opportunity 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 this achievemenL 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 defining time of a young
person's life during which time their personalitylexpectations are determined and defined for later life. The public
purpose therefore is the starting point under which education can provide a stable environment and base for each young
person goÈng forward. 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 progrdmme.

Southern Group Enterprise5 Limited (Registered number: N1019910)
Report of the Trustees
for the Year Ended 31 March 2025
ACHIEVEMENT AIYD PERFORMANCE
Charitable activities
The charity, in conjunction with schools within the Newry and Mourne education catchment area, provided vocational
training during the academic year to those pupi15 seeking an alternative option to the traditional education route of
leaming.
The educational programmes, provided by the charity within a supported environment, gives students 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 an increase of over 180/0 in the number of students attending the charity'5 educational
programmes.The engagement of the charity with local schools led to over 90 attendees participating in vocational
qualifications this academic year offered by educational providers such as the City & Guilds. 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
sthdents belief in their own ability to set and acbieve personal goals.The charity affords young students, 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 today's economy. The achievements of the charitys students reflects the
delivery of the aims of the charity in each and every subsequent academic year.
FINANCKAL REVIEW
Financial position
The end of the year saw a result in which theie was a demand upon the charitys flljancial resources and the results for
the year are set out in detail on pages 6 to 15. The company returned a profit for the year of £1 0.1 I l.
Principal funding Sources
The main source of funding is derived from the provision of training under the STEPS and VEP programmes.
charity provides these services directly to the local schools, ultimately the funding is provided by the Southern Education
& Library Board.
Investment policy and objectives
Under the Memorandum and Article of Association. the charity has the power to invest in any way the trustees wish.
However in formulating an investment policy, the charity has recognised that whilst it may have surplus fimds to inves¢
these are likely to be called upon in the short temi. The policy is to maintain high levels of capital security by
inimising interest rate risk, maximising returns and liquidity and maintaining low transaction costs.
Reserves policy
The Management Committee have examined the charitys requirements for reserves in light of the main risks to the
organisation. A policy has been established whereby unrestricted fimds not con]mitted or invested in tangible assets held
by the charity should be between 6 and 9 months of the annual budgeted expenditure. Budgeted expenditure for
2024125 is approximately £285,000 and therefore the target is between £142,500 and £213,750 of general unrestiicted
nds. The reserves are required to meet the working capital requirements of the charity. The charity recognised th¢
continued need of a ￿nd to both refi]rbish and make improvements to their land and buildings. As such a designated
fund of £550,000 was set &side for the redevelopment and improvement of the charitys property. To date an amount of
£291,870 of this fimd has been used leaving designated funds for the redevelopment and improvement of the charity's
land and buildings of £258,130. However given the destNctive impact of Storm Éowyn in January 2025 the trustees
have sufficient fvnds to meet unexpected costs that may arise in the repairs to the property.
Free reserves at 31 March 2025 amount to £163,091. which falls short of the lower target figure of £178,125 for
unrestricted funds. In calculating reserves the designated fund (£258.130) and the net book value of fixed assets held
(£308,643) have been excluded. Although the strategy is to continue to build reserve4 the Management Comrnittee is
aware that it is unlikely that the target can be reached for a number of yea[5.
The charity plans to continue the objectives and activities outlined above, subject to satisfactory funding arrangements.

Southern Group Enterprises Limited (Registered number: N1019910)
Report of the Trustees
for the Year Ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The company was incorporated on 22 October 1986 &8 a chaTitable company limited by guarantee, and also received
charitable status from HM Revenue & Customs. The COTnpany 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 £1.
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 Memorandum and Articles of
Association the member5 of the Management Committee are elected to serve for a period of three years after which they
must be re-elected at the 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, tn￿teeS are requested to provide a list of their skills (and
update it each yeai) and in the event of particular skills being lost due to retiremenL individuals are approached to offeT
themselves for election.
Induction and training of new truslees
New trustees are briefed on their legal obligations under charity and company law, the content of the Memorandum and
Articles of Associatio￿ the committee and decision making processes, the business plan and recent financial
perforn]ance 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 trustees are already familiar with practical work of the charity.
REFERENCE AND ADMIIYISTRATIVE DETAILS
Registered Company number
NIO19910 (Northern Ireland)
RegRStered Charity number
103568
Registered office
Unit 22 Rampart Way
Greenbank Ind Estate
Warrenpoint Road
Newry
Co. DOWTA
BT34 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 Administrdtftve Officer
Company Secretary
Mrs B Rocks

Southern Group Enterprises Limited Oiegistered number: N1019910)
Report of Ihe Trustees
for the Year Ended 31 MAreh 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Mr Conaill McGrady FCA
M.B,McGI?dy & Co
Chartered Accountants
Rathmore House
52 St Patricks Avenue
DownpatrÉck
Co. Down
BT30 6DS
Solicitors
MDM Coulter
125 Harbour Road
Kilkeel
Co.Down
BT34 4AT
Tliis report has been prepared in accordance with the special pmvisions of Part 15 of the Companies Act 2006 relating
to small companies.
Approved by order of the board of trustees on 23 June 2025 and signed on its behalf by:
Mrs B Rocks - S¢or¢tary

Independent Examiner's Report to the Trustees of
Southern Group Enterprises Limited (Registered number: N1019910)
I report on the accounts of the company for the year ended 31 March 2025, which are set out on pages six to fifteen.
Respective responsibilities of eharity trustees and exgminer
As the charity's trustees (and also the directors for the purposes of company law) you are responsil)le for the preparation
of the accounts in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent
examination, it is my responsibility to:
examine the accounts under Section 65 of the Chartties Act
follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland
under Section 65(9)(b) of th¢ Charities Act
state whether particular matters have come to my attention.
Basis of the independent examiner's report
I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried
out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section
65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a
comparison of the accounts presented with those records. It also included consideration of any unusual iterns or
disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any material tnatters have come to my attention giving me cause to believe:
That a¢¢owittn8 records were not kept in a¢¢ordanee with Section 386 of the Companies Act 2006
That the accounts do not accord with those accounting records
That the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006
and with the methods and principles of the Charities Statement of Recommcnded Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland
Thai there is further infonnation lleedcd for a pr()PCT Und¢[s￿di￿ uf th¥ Lu b¢ r¢a¥li¢d.
Independent examiner's statement
Sinc¢ your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can conf
that I am qualified to undertake the examination because l am a rnember of the Institute of Chartered Accountants in
Ireland which is one of the listed bodies.
I have completed my examination and have no concerns in respect of the matters (l) to (4) listed above and, in
connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that
require drawing to your attention.
Mr Conaill McGra
The Institute of Ch
ered Accountants in Ireland
M.B.McGrady & Co
Chartered Accountants
Rathrnore House
52 St Patricks Avenue
Downpatrick
Co. Down
BT30 6DS
23 June 2025

Southern Group Enterprises Limited
Statemenl of Finaneial Activities
Oncorporaling an Income and Expenditure Accounl)
for the Year Ended 31 March 2025
3113r25
Unrestricted
funds
3113124
Tot81
funds
Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities
254,430
214,130
Investment income
Other income
13,159
28,551
10,530
33,E53
Total
296,140
257,813
EXPENDITURE ON
Charitable aetivities
Charitable activities
286,029
262,202
NET INCOME/(EXPENDITURE)
io,iii
(4,389)
RECONCILIATION OF FUNDS
Total fvnds brought forward
719,753
724,142
TOTAL FUNDS CARRIED FORWARD
729,864
719,753
The notes forni part of these financial statements

Southern Group Enterprises Limited (Regtstered number: N1019910)
Balance Sheet
31 March 2025
3113llS
Total
funds
3113124
Total
funds
Notes
FIXED ASSETS
Tangible assets
Investments
308,643
120
320,378
120
308,763
320,498
CURRENT ASSETS
Debtors
Cash at bank and in hand
io
45,813
384,045
35,599
372,163
429,858
407,762
CREDITORS
Amounts falling due within one year
(8,757)
(8,507)
NET CURRENT ASSETS
421,101
399,255
TOTAL ASSETS LESS CURRENT
LIABILITIES
729,864
719,753
NET ASSETS
729,864
719,753
FUNDS
Unrestricted funds:
General fund
Revaluation Reserve
12
640,141
89,723
630,030
89,723
729,864
719,753
TOTAL FUNDS
729,864
719,753
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 March 2025.
The members have not required the company to obtain an audit of its f￿anCial statements for the year ended
31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilitie5 for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the charitable company as
at the end of each financial year and of its Surplus or deficit for each fmancial 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 charitable company.
(b)
The notes forn] part of these financial statements

Southern Group Enlerprisu Limited (Registered number: N1019910)
Balance Sheet- tontinued
31 March 2025
These financial stat¢ments have been prepared in accordance with the provisions applicable to charitable companies
subject to the small companies regime.
The financial statements w¢re approved and authorised for issue by the Board of Trust¢es and authorised for issue on
23 June 2025 and were signed on its behalf by..
C O'Hare - Trusle¢
The notes fonn part of thes¢ financial statements

Southern Group Enterprises Lilnited
Notes to the Financial Statement5
for the Year Ended 31 March 2025
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) '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 ITeland (FRS 102) (effective l January 2019),,
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland, 8nd the Companies Act 2006. The financial statements have been prepared under the historical cost
convention. with the exception of investments which are included at market value.
The date of transition to FRS 102 w&fj l April 2016. The reported financial position and financial performance
for the previous peiiod are not affected by the transition to FRS 102.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it
is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities ale 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 will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has
been classified under headÈngs that aggregate all cost related to the category. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on a basis consisteTht with the use of
resources.
Tangible fixed assets
Depreciation is provided at the followtng annual rates in order to write off each asset over its estimated use￿1
life.
Freehold property
Plant and machinery
Fixtures and fittings
Computer equipment
2.50/0 on cost
250/0 on cost
12.50/0 on cost
250/0 on cost
Taxation
The charity is exempt from corporation tsx on its charitable activitles.
Fund aecounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted PUTposes within the objects of the charity. Restrictions
arise when specified by the donor or when fimds are raised for particular restricted purposes.
Designated funds are unrestricted fimds eam]arked by the trustees for particular purpose's.
Further explanation of the nature and purpose of each fimd is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defmed contribution pension scheme. Contributions payable to the charitable
company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...

Southern Group Enterprises Limited
Notes to the Ftngnci21 Statements - eontinued
for the Year Ended 31 March 2025
INVESTMENT INCOME
3113125
Unrestricted
funds
3113124
Total
funds
Dep051t account interest
13,159
10,530
OTHER INCOME
3113125
Unrestricted
funds
3J13124
Total
funds
Other income
Canteen income
27270
1,281
32,291
862
28,551
33,153
NET INCOMEI(EXPENDITURE)
Net Resources are stated after chargingl(crediting):
3113r25
3113124
Depreciation - owned assets
Independent examination fees
17,869
2,600
18,476
2,443
TRUSTEES, REMUNERATION A14D BENEFITS
There were no tn￿tees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended
31 March 2024.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
10
continued...

Southern Group Enterprises Limited
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
STAFF COSTS
The average monthly numb¢r of employees during the year was as follows:
3113125
3113124
Administrative staff
No employees received emoluments in excess of £60.000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities
214,130
Investment income
Other income
10,530
33,153
Total
257,813
EXPENDITURE ON
Charitable activities
Charitable activities
262,202
NET INCOME/(EXPENDITURE)
(4,389)
RECONCILIATION OF FUNDS
Total fvnds brought forward
724,142
TOTAL FUNDS CARRIED FORWARD
719,753
continued...

Southern Group Enterprises Limited
Notes to the Financial Statements - continued
for the Year Ended 31 Mareh 2025
TANGIBLE FIXED ASSETS
Fixtures
and
rittings
Freehold
property
Plant and
machinery
Computer
equipment
Totals
COST
At l April 2024
Additions
558,740
53234
3,120
301J30
2,169
58,250
845
971,554
6,134
At 31 Ma￿h 2025
558,740
56J54
303,499
59,095
977,688
DEPRECIATION
At l April 2024
Charge for year
253,871
13,969
53234
455
290,829
1,635
53,242
1,810
651,176
17,869
At 31 March 2025
267.840
53,689
292,464
55,052
669,045
NET BOOK VALUE
At 31 March 2025
290,900
2,665
IA,035
4,043
308,643
At 31 March 2024
304,869
10.501
5,008
320,378
FIXED ASSET INVESTMENTS
Unlisted
investments
MARKET VALUE
At l April 2024 and I l March 2025
120
NET BOOK VALUE
At 31 March 2025
120
At 31 March 2024
120
There were no investment assets outside the UK.
io.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3113125
3113124
Trade debtors
Prepayments and accnled income
29,621
16,192
34,229
1,370
45,813
35,599
12
continued...

Southern Group Enterprises Limited
Note5 to the Financial Statements - continued
for the Year Ended 31 March 2025
ii.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31r3125
3113124
Accruals and deferred income
,757
8,507
12.
MOVEMENT IN FUNDS
Net
movement
in funds
At
3113125
At 114r24
Unrestricted funds
General fund
Revaluation Reserve
630,030
89,723
io,iii
640,141
89,723
719,753
io,iii
729,864
TOTAL FUNDS
719,753
io,iii
729,864
Net movement in funds, included in the above ale as follows:
Incoming
resources
Resources
expended
Movement
In funds
Unrestrieted funds
General fund
296,140
(286,029)
io,iii
TOTAL FUNDS
296,140
(286,029)
io,iii
Comparatives for movement in funds
Net
movement
in funds
At
3113124
At 114123
Unrestricted funds
General fund
Revaluation Reserve
634.419
89,723
(4,389)
630,030
89,723
724.142
(4,389)
719,753
TOTAL FUNDS
724,142
(4,389)
719,751
13
continued...

Southern Group Enterprises Limited
Notes to the Financial Statements - Continued
for the Year Ended 31 March 2025
12.
MOVEMENT IN FUNDS - continued
CornpaTative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
257.813
(262,202)
(4,389)
TOTAL FUNDS
257,813
(262,202)
(4,389)
A current year E2 months and prior year 12 rnonths combined position is as follows:
Net
movement
in funds
At
3113125
At 114r23
Unrestricted funds
General fund
Revaluation Reserve
634,419
89,723
5.722
640,141
89,723
724,142
5.722
729,864
TOTAL FUNDS
724,142
5,722
729,864
A current year 12 months and prior year 12 months combined net movenient in funds, included in the above are
as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestrieted furtds
General fund
553,953
(548,231)
5,722
TOTAL FUNDS
553,953
(548,231)
5,722
14
continued...

Southern Group Enterprises Limited
Notes to the Fin2nei21 Statements- continued
for the Year Ended 31 March 2025
13.
OTHER FINANCIAL COMMITMENTS
The storn) of January 2025 caused darnage to the charitys property in that part of the roof was torn off by the
exceptional strong winds that accompanied the severe weather conditions. Whilst the cost of the damage has yet
to be fvlly assessed the charity for insurance purposes the charity has itself a designated fund to ensure the cost
of the repairs will be met.
14.
RELATED PARTY DISCU)SURES
There were no related paty transactions for the year ended 31 March 2025.
15.
COMPANY LIMITED BY GUARANTEE
The Company is limited by guardntee and therefore has no share capital.
15