CLONMORE REGENERATION GROUP LTD
(A company limited by guarantee)
Report and Flnancial Statements
Year ending 30 April 2023
Charlty number: 103598
Company number: Nl 615461

CLONMORE REGENERATION GROUP LTD
MISSION STATEMENT
Investing in People

CLONMORE REGENERATION GROUP LTD
Report of the trustees forthe Year ending 30 April 2023
The trustees are pleased to present their annual directors, report together with the financial
statements of the charity for the year ending 30 April 2023 which are also prepared to meet the
requirements for a directors, report and accounts for Companies Art purp05e5.
The financial statements comply with the Charities Act 2008, the Companies Act 2006, the
Memorandum and Articles of Association, 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 {effective I
January 20151.
Our purposes and activities
The purpose of the charity is to improve the quality of life for the inhabitants of the Clonmore area
through educations, facilitation of facilities in the interests of social welfare and/or leisure.
Our own constitution states that our objectives include the following:
lal
Redevelop, maintain and manage Clonmore Hall
Ibl
Provide community transport for the inhabitants of Clonmore.
Ic)
Support the development of a cohesive shared and integrated community.
Financial review
The trustees are pleased with the results for the year.
It is important the income is sustained to cover costs to of running the hall and to cover loan
repayments required to complete new build.
The trustees consider that the ideal level of reserves as at 30 April 2023 would be £8k.
The trustees rely on the support of the community and various grants to 5UPPOrt their activities.
The trustees are of the view that the organisation is a going concern.
A major financial concern for the Centre as with any charity will be ongoing financial sustainability
from funding in the years to come. The trustee5 are aware of the need to maintain free reserves,
especially in the current economic climate. Continual fundraising will provide a challenging
environment in the years to come.
At the tail end of the pandemic, the trustees continued to monitor their 5 year strategy plan and
community audit. The committee continuously worked with other groups and tenants to promote
and enhance activities from inside and outside of the community.
Although the past year has been a challenge for all within our community towards the end of the
Covid 19 pandemic physical activities did open up again, albeit there was a delay in relation to the
same as the community had ongoing fears.

CLONMORE REGENERATION GROUP LTD
We would like to express our sincere gratitude to our funders ABC Council - for their continued and
unwavering support in the running costs of our community hall. Their advice during this difficult time
has been invaluable.
4. The Barnett Group- for their continued support of match funding which helped us greatly
in our Christmas Dinner.
There were various fundraising events during the term which ensured the involvement of the whole
community. In April of 2022, a weekend of fund-raising activities was completed in aid of the
amazing Air Ambulance Service and a generous donation wa5 made to them. The activities included
a quiz, a sponsored walk and breakfast, and finished with a fun murder mystery evening, written by
our mentor and some live music.
In May 2022, the completion of a new magazine came to fruition designed and written by our
mentor. The magazine provided an insight to the community and beyond the various organisations
within the community, local businesses, and events.
The annual MORFEST event was placed on hold during 2022 as resources were invested on assisting
with the groundworks for a new footpath in the local area. This work has been started and
significant progress made to ensure the safety of all within our community. This project is self-
funded given that there is no funding at government level. This is an ongoing project with an
ambitious plan helping with the creation of a footpath where we can link from the school at
Clintyclay through to Clonmore Villas.
Our aim for 2023 to 2024 15 to generate new projects to ensure that continued community
involvement.
We look forward to you all promoting these events and taking part in a very active committee to
achieve all successfully.
Reference and administrative details
Registered Office:
157 Clonmore Road, Dungannon, Co Tyrone, BT716HX
Our advisers
Independent Examiner; Oliver Donaghy
Clonmore Road, Dungannon, Co Tyrone, BT716HX
Bankers;
Bank Of Ireland, 11 Upper English Street, Armagh, Co Armagh
Key management personnel Clonmore Regeneration Group Ltd: Trustees, and Directors

CLONMORE REGENERATION GROUP LTD
Directors and trustees
The directors of the charitable company (the charity) are its trustees for the purpose of charity law.
The trustees and officers serving during the year and since the year end were as follows:
Chair:
Kieran Conlon
Secretary:
James McBennett
Treasurer
Paul Grimley
Maurice O'Neill
Fiona Hampsey
Ailsa McGeown
Margaret Conlon
Sinead Willox
Resigned January 2023
Appointed 18 December 2022
Resigned January 2023
Structure. Governance and Management
Governlng Document
Clonmore Regeneration Group Ltd is a Company limited by guarantee governed by its Memorandum
and Articles of Association dated 29 October 2015.
It is registered as a charity with the Charity Commission.
Membership is open to individuals/organisations by completing an application.
The charity was registered as a charity under the Corporation Taxes Act 1988. Reg no: XR 77611
Appointrnent of trustees
As set out in the Articles of Association the maximum Board members shall be 12 and the minimum
number 7. One third of the members shall be co-opted by way of public advertisement. All
members are circulated with invitations to nominate trustees prior to the AGM advising them of the
retiring trustee5 and requesting nominations for the AGM. When considering co~opting trustees, the
Board has regard to the requirement for any specialist skills needed.
Trustee Induction and training
New trustees undergo an orientation session to brief them on: their legal obligations under charity
and company law, the Charity Commission guidance on public benefit, and inform them of the
content of the Memorandum and Articles of Association, the committee and decision-making
processes, the business plan and recent financial performance of the charity.
Any person wishing to become a board member must apply in writing for approval by the Trustees.
It is a requirement that the board members attend an induction process covering good governance.

CLOIYMORE REGENERATION GROUP LTD
During the induction they meet key employees and other trustees. Trustees are encouraged to
attend appropriate external training events where these will facilitate the undertaking of their role.
Organisation
The board of trustees, which can have up to 12 members, administers the charity. The charity IS
managed by the Trustee Board, which meets at least 6 times per year.
Related parties and co-operation with other organisations
None of our trustees receive remuneration or other benefit from their work with the charity.
Risk management
The trustees have a risk management strategy which comprises:
an annual review of the principal risks and uncertainties that the charity
the establishment of policies, systems and procedures to mitigate those risks identified in
the annual review; and
the implementation of procedures designed to minimise or manage any potential impact on
the charity should those risks materialise.
This work has identified that financial sustainability is the major financial risk for the charity. A key
element in the management of financial risk is a regular review of available liquid funds to settle
debts as they fall due to ensure sufficient working capital by the centre.
Attention has also been focussed on non-financial risks arising from fire, health and safety staff,
volunteers and clients. These risks are managed by ensuring accreditation is up to date, having
robust policies and procedures in place and regular awareness training for staff working in these
operational areas.
Trustees, responslbilities in relation to the financial statements
The charity trustees {who are also the directors of the Clonmore Regeneration Group Ltd for the
purposes of company lawl are responsible for preparing the trustees, annual report and financial
statements in accordance with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which
give a true and fair view of the state of affairs of the charitable company and of the incoming
resources and application of resources, including the income and expenditure, of the charitable
company for that period. In preparing the financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently;

CLONMORE REGENERATION GROUP LTD
obseNe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any
material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charitable company and to enable them to ensure
that the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charity and hence taking reasonable steps for the prevention and
detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial
information included on the charitable companls website.
Statement as to disclosure to our independent examiners
In so far as the trustees are aware at the time of approving our trustees, annual report:
there is no relevant information of which the charitable company's independent examiner is
unaware, and
the trustee5, having made enquiries of fellow directors have each taken all steps that he/she
is obliged to take a5 a director in order to make themselves aware of any relevant audit
information and to establish that the independent examiner is aware of that information.
This report was approved by the board of trustees and signed on its behalf by
Kieran Conlon
Dlrector
Dated: 29 January 2024

CLONMORE REGENERATION GROUP LTD
Independent examiner's report to the Trustees on the unaudited financial statements of Clonmore
Regeneration Group Limited
I report on the accounts of Clonmore Regeneration Group Limited for the year ended 30 April 2023
set out on pages 10 to 20.
Respective responsibilities of trustees and independent examiner
As the charity's trustee5 you are responsible for the preparation of the accounts, you consider that
the audit requirement of section 65(2) of the Charities Act (Northern Ireland) 2008 (the Charities
Act), does not apply and that an independent examination is needed.
The charity is required by law to prepare accrued accounts and l am qualified to undertake the
examination by being a qualified member of Chartered Accountants Ireland.
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 Charities Act
to follow the procedures laid down in the general Directions given by the Charity
Commission for Northern Ireland under section 65(9)(b} of the Charities Act
to state whether particular matters have come to my attention.
Basis of Independent examlner's statement
My examination was carried out in accordance with the General Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts presented with those records. It also includes consideration of anv
unusual items or disclosures in the accounts, and seeking explanations from you as trustees
concerning any such matters. The procedures undertaken do not provide all the evidence that would
be required in an audit and consequently no opinion is given as to whether the accounts present
'true and fair view, and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connectlon with my examination, no matter has come to my attention:
l) which gives me reasonable cause to believe that in any material respect the
requirements:
to keep proper accounting records in accordance with section 386 of the
Companies Act 2006; and
to prepare accounts which accord with the accounting records and to
comply with the accounting requirements of the Companies Act 2006 and

CLONMORE REGENERATION GROUP LTD
which are consistent with the methods and principles of the Statement of
Recommended Practice: Accounting and Reporting by Charities
have not been met or
2) to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Oliver Donaghy
Independent examiner
Clonmore Road
Dungannon
Co Tyrone
BT716HX
th
Dated: 29 January 2024

CLONMORE REGENERATION GROUP LTD
Statement of Financial Activitles
(Including income and expenditure account)
for year ending 30 April 2023
2023
2022
Unrestrirted
Funds
Notes
Funds
Total Funds Total Funds
Income:
Activities for generatingfunds
8,890
6,001
Donations and Legacies
8,890
Income from charitable activities..
Community Development
8,605
8,605
13,120
Total Income
8,890
8,605
17,495
19.121
Expenditure
Expenditure on charitable activities..
Community Development
36,571
36,571
26,930
Total expenditure
36,571
36,571
26,930
Net Income/(expendlture) and net
movement in funds for the year
8.890
(27,9661
19,076
7,810
Transfer between Funds
{24,5661
24,566
Reconciliation of funds
Total Funds brought forward
26,534
201,857
228,391
236,200
Total funds carried forward
10,858
198,457
209,315
228,391
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 12 to 20 from part of these accounts.
10

CLONMORE REGENERATION GROUP LTD
ststement of Financial Position (balance sheet)
as at 30 April 2023
30-Apr-23
3010412022
Fixed assets
Tangible assets
Investments
Total Fixed Assets
Funds
13
210,974
221,147
210.974
221,147
Current assets
Stock
Debtors
Cash at bank and in hand
Total Current Assets
14
599
1,942
2,540
11,443
11,443
Liabilities
Creditors falling due within one year
15
4,200
4,200
Net Current assets
{1,659)
7,243
Net assets
209,315
228,391
The funds of the charity:
Unrestricted Income funds
Designated Reserves
Restricted Income funds
Total charity funds
10,858
26,534
198,457
209,315
201,857
228,391
STATEMENTS
For the financial year in question the company was entitled to exemption from audit under section
477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its financial statements for the year in
question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with
respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies Subject to the small companies, regime and in accordance with FRS 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland,.
ved by the trustees on 29 January 2024 and signed on its behalf.
Appr
th
Kieran Conlon
Dlrector
Nl 615461
The notes on pages 12 to 20 from part of these accounts.
li

CLONMORE REGENERATION GROUP LTD
Notes to Financial Statements For the year ended 30 April 2023
Accounting Policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in
the preparatlon of the financial statements are as follows:
a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting
by Charities: Statement of Recommended Practice applicable to charities accounts Republic
of Ireland (FRS 102) (effective l January 20151- {Charities SORP IFRS 102)), in accordance
with the Financial Reporting Standard applicable in the UK and preparing their Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the
Companies Act 2006.
The charity meets the definition of a public benefit entity under FRS 102. A55ets and
liabilities are initially recognised at historical cost or transaction value unless otherwise
stated in the relevant accounting policy note(s).
b) Preparation of the accounts on a going concern basis
The number of using the charity is increasing year on year but the uncertainty surrounding
funding is a significant area of financial uncertainty that will invariable impact upon the
services that we can offer. The trustees have mitigated these risks by continually
challenging decisions made at government level to ensure that the impact of provisions of
services is minimal.
c) Income
Income is recognised when the charity has entitlement to the funds, any performance
conditions attached to the item{s) of income have been met, it is probable that the income
will be received and the amount can be measured reliably.
Income from government and other grants, whether'capital, grant5 or'revenue, grants, Is
recognised when the charity has entitlement to the funds, any performance conditions
attached to the grant5 have been met, it is probable that the income will be received and the
amount can be measured reliably and is not deferred.
12

CLONMORE REGENERATION GROUP LTD
Notes to Financial Statements (continued)
For the year ended 30 April 2023
d) Donated services and facilities
Donated professional services and donated facilities are recognised as income when the
charity has control over the item, any conditions associated with the donated item have
been met, the receipt of economic benefit from the use by the charity of the item is
probable and that economic benefit can be measured reliably.
In accordance with the Charities SORP IFRS 1021, the general volunteer time spent within the
charity is not recognised and refer to the trustees, annual report for more information about
their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis
of the value of the gift to the charity which is the amount the charity would have been
willing to pay to obtain services or facilities of equivalent economic benefit on the open
market. a corresponding amount is then recognised in expenditure in the period of receipt.
e) Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be
measured reliably by the charity; this is normally upon notification of the interest paid or
payable by the Bank.
Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of
charity. Designated funds are unrestricted funds of the charity which the trustees have
decided at their discretion to set aside to Use for a specific purpose. Restricted funds are
donations which the donor has specified are to be solely used for particular areas of the
Charity's work or for specific artistic projects being undertaken by the Charity.
g) Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment
to a third party, it is probable that settlement will be required and the amount of the
obligation can be measured reliably. Expenditure is classified under the following activity
headings:
•• Expenditure on charitable activities includes the costs of Advice, information and
representation undertaken to further the purposes of the charity and their associated
support costs.
•• Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was
incurred.
13

CLONMORE REGENERATION GROUP LTD
Notes to Financial Statements (colltinued)
For the year ended 30 April 2023
h) Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly
undertake charitable activities. Support costs include back office costs, finance, personnel,
payroll and governance costs which support the Centre's programmes and activities. These
costs have been allocated between cost of raising funds and expenditure on charitable
activities. The bases on which support costs have been allocated are set out in note 6.
i) Tangible fixed assets
Individual fixed assets costing £100 or more are capitalised at cost and are depreciated over
their estimated useful economic lives as follows:
Asset Category Annual rate
Plant and Equipment
Computers
Property
20% Reducing Balance
15% Reducing Balance
4% Straight Line
j) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade
discount offered. Prepayments are valued at the amount prepaid net of any trade discounts
due.
k) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investment5 With
short maturity of three months or less from the date of acquisition or opening of the deposit
or similar account.
l) Creditors and provisions
Creditor5 and provisions are recognised where the charity has a present obligation resulting
from a past event that will probably result in the transfer of funds to a third party and the
amount due to settle the obligation can be measured or estimated reliably. Creditors and
provisions are normally recognised at their settlement amount after allowing for any trade
discounts due.
2)
Legal status of the Trust
The organisation is a company limited by guarantee and has no share capital. In the event of
the charity being wound up, the liability in respect of the guarantee is limited to £1 per
member of the charity.
15

CLONMORE REGENERATION GROUP LTD
Notes to Financial Statements (continued)
For the year ended 30 April 2023
3)
Income from donations and legacles
3010412023
3010412022
Donations
Donations
Fundraising
TOTAL
6,900
1,990
8,890
3,864
2,137
6,001
The Trust benefits greatly from the involvement and enthusiastic support of its many volunteers,
details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP
{FRS 102}, the economic contribution of general volunteers is not recognised in the accounts.
The income from donations all of which was unrestricted.
4)
Income from charitable artivities
Restricted
Funds
TOTAL
3010412023 3010412023
Restrirted
Funds
3010412022
Project Costs
ABC Council
ABC Council- refund grants
Hire of Hall
Halifax
Daera
George Earl Fund
Nationwide
Sponsorship
Show Income
1,836
680
80
4,945
4,945
1,300
1,300
2,983
2,900
4,000
2,000
2,360
2,360
13,120
TOTAL
8,605
8,605
16

CLONMORE RKGENERATION GROUP LTD
Notes to Financial Statements (continued)
For the year ended 30 April 2023
5}
Analysis of expenditure on charltable activities
2023
Total
1,831
340
2021
Total
1,486
1,290
1,188
420
468
Insurance
Repairs and Maintenance
Fundraising Costs
Light and Heat
Telephone/lnternet costs
Travel
Project Costs
Mentoring
Cost of Events
566
14,545
5,217
107
Loan Interest Payable
Depreciation of tangible assets
Donations to other Charities
Donation of Bus to school
Governance costs (see note 10)
Support costs (see note 10)
Total
136
15,601
15,703
2,000
1,200
281
36,571
1,200
196
26,930
6)
Net income/(expenditure) for the year
2023
2022
This is stated after charging:
Depreciation
15,703
15,601
Government Grants
Income from government grant5 comprises grants made by Socal authorities to contribute to the
running costs of the organisation.
17

CLONMORE REGENERATION GROUP LTD
Notes to Financial Statements (Continued)
For the year ended 30 April 2023
8)
Support Costs
General
support Governan
Total
2022
Accountancy Fees
Bank charges
1,200
1,200
281
1,200
196
281
281
1,200
1,481
1,396
91
Corporation Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxe5
Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that
these are applied to its charitable objects.
io)
Tangible fixed assets
Leasehold Property
Plant and Equipment
Total
Cost:
As at l May 2022
Additions
As at 30 April 2023
268,832
42,372
5,530
47,902
311,204
5,530
316,734
268,832
Depreciation:
As at l May 2022
Charge for the year
As at 30 April 2023
75,153
10,753
85,907
14,903
4,950
19,853
90,057
15,703
105,760
Net book value
As at 30 April 2023
182,925
28,049
210,974
As at 30 April 2022
193,679
27,469
221,147
18

CLONMORE REGENERATION GROUP LTD
Notes to Financial Statements (continued)
For the year ended 30 April 2023
11)
Debtors
2023
2022
Debtors
599
599
121
Creditors: amounts falling due within one year
2023
2022
4,200
4,200
Trade Creditors
4,200
4,200
13)
Analysls of charitable funds
Analysis of movements in unrestricted funds
Balance
Funds
Asatl
May 2022
Incoming
resources
Resources
expended
As at 30 Aprll
2023
Transfers
General fund
Total
26,534
26,534
8,890
8,890
(27,9661
(27,9661
7,458
7,458
Name of unrestricted fund
Description, nature and purposes of the fund
The 'free reserves, after allowing for all designated funds.
Generalfund
19

CLONMORE REGENKRATION GROUP LTD
Notes to Financial Statements (continued)
For the year ended 30 April 2023
Analysis of movements in restricted fund
Balance
Funds
Asatl
May 2022
Incoming
resources
Resources
expended
As at 30 April
2023
Transfers
Capital
201,857
5,530
15,703
6,773
198,457
Community Development
3,076
20,868
21,193
3,400
Total
201,857
8,605
36,571
27,966
201,857
Name of restricted fund, Descrlption, nature and purposes of the fund
Assets Property assets fund is the value of unrestricted funds represented by the tangible fixed
assets owned and used by the charity on an on-going basis to meet its objectives.
2023
2022
3,400
201,857
205,257
Nationwide
Fixed Assets
198,457
198,457
141
Analysis of net assets between funds
Analysis of net assets between funds
General
Fund
Designated
Funds
Restricted Funds
Tota
Tangible fixed assets
Cash at bank and in hand
Other net current assets/(liabilities)
12,517
1,942
(3,601)
10,858
198,457
210,97,
1,94.,
(3,601
209,31.
Total
198,457
20