South Lough Neagh Regeneration Association (A company Irmited by guarantee, not having a share capitall TRUSTEES, ANNUAL REPORT for the financial year ended 31 December 2023 The trustees present their Trustees, Annual Report. combining the Directors, Report and Trustees. Repor( and the unaudited financial 5tstements for the ffinancial year ended 31 December 2023. The financial ststements are prepared in accordance wilh the Companies Act 2006. FRS 102 'The Financlal Reporting Standard applicable in the UK and Republic of Ireland" and Aeeounting and Reporting by Charities.. Statement of Recommended Pracbce applicabb lo charFties preparing their financi81 statements in a¢¢ordants with the Financial Reportlng Stsndard applrcable in the UK and Republi¢ of Ireland (FRS 102). The Trustees, Report contains the information required to be provided in the Trustees, Annual Report under the Slalement of Recommended Practi￿ ISORP) guidelines. The trustees of the company are also charity Iruslees for the purpose of charity law and under the company's constitution are known as members of the board of Iruslees. In this report the ITUStees of South Lough Neagh Regeneration Association present a summary of rt$ purpose, governance. aclivtties. achievements and finan￿$ for the financial financial year 31 December 2023. Th& charity is a registernd charity and hence the report and resulls are presented In a fomi which Compl￿ with th8 requirements of the Companies Act 20LK and, atthough not obliged lo comply with the Slalement of Recommended Practice {Charilie$ SORP effective January 20151. the organisation ha5 implemented rts recoMmendat￿S where relevant in these financial slalements. Flnanclal Results Al the end of the financial year the charity has assets of £125.76712022 - £173.7881 and liabilities of £171 {2022 £9221. The nel assets of the ¢harity have decreased by £{49,114). Prlnclpal Rlsks and Un¢•rtalntl8s Our Mission To attract and encourage inveslmenl In the O￿noMiC social and environmental well being of southern shores of Lough Neagh.. lo generate actiwty. ernployment. enthusiasm and prfde In the community. Achlevem•nts & perfornjance Overall, SLNRA Continue lo provide much needed servlce to Ihose Ilving in the South Lough Neagh rural areas and conlinu8S to engage with the community on a weekly basis. We wod( in partnership with other charitable organisalions, groups and community representalNe5 and are part of the Nl Whle Healthy Llwng Centre Alliance and hold Healthy Ilving Centr6 slalus. In the Maghery area. SLNRA ran a pilol. 8etter Days Programme a 10-week Chronic Pain Support piojecl led by group participants $tegring their own health needs to cope with pain levels and to improve daily lives. Aspects covered.. Phamiacisl infomiation talk, importance of sleep, Nutrition and cooking. meeting with MLA re health service G.P issues and Chi Me gentle movement and Breath AwaTer￿$s. The group thoroughly enjoyed this lime and contact Is maintained with those who attended. All other programmes listed below wora fao to face and covered seNices and support lo tho peopl8 living in rurai SLNRA affja. All events and programmes were mu¢h welcomed post Covid. Gel Up & Discover Schools Pro9ramme delivered until July 2023 in $even primary schools encouraged outdoor engagement and learning with improvement of mental and emotional w611 being and resilience for children, including art therapy. This programme slrenglhened School relats'onships and community development and MO￿ importantly holistic farnily supporL As part of this we worked in partnership lo assist family wellbeing days in Aghagallon, Derrymacash and Derrytrasna. Heritag• 4 Health Programme slarted in Seplembgr 2023 whrch provides and highlights Heritage Information talks, walks, Combined with activities that maintain physi¢al. mental and emotional health for example. Chines& medi¢ing, traditional ¢raft$, Chi Qong and tradiltonal dancing. We have also completed surv8y$ in 2023 with groups and Indiv￿ua1S in the SLNRA geographical area lo assess needs. meet needs and address any gaps through engaging and offering adv¢se in relation lo these needs and potential funding streams. Ending 2023. we ran a Wint•r Empower Women programme consistin9 of self4efen¢e. yoga worf(shops and Well Being Pamper days to support women and enabfe netsvorks to be mainlained. This was welcomed and feedback strongly suggested a much needed support of this ruialty. Therefo￿. SLNRA enquired fvrther regardin9 funding in relation to this type of support and will await news of any successful funds in 2024. South Lough Neagh Regeneration Association IA company limited by guarant•e. not having a Sha￿ capltall TRUSTEES. ANNUAL REPORT for the financial year ended 31 December 2023 On the general management and govemance requirements we continue lo meet regularly as a Board where ¢on$iderable time and effort has been spent tying to overcome the issues described in last yeals report following the loss of tsyo service level conlraets and the ongoing negoliab.on of our rental costs with our landlord. 11 is a key objective going fomard to rejuvenate and reloc￿5 our business so that we be¢ome less r81ianl on traditional sour￿$ of income. Joe Nelson Chaimian. 1210412024 Structure. governanc• and Management Goveming Document South Lough Neagh Regeneration Association is a company limited by guarantee governed by its Memorandum and Articles of Association dated 9th Augu$1 2005. In the event of the company being wound up, the liability in respect of the guarantee is limited lo £1 per member. The Company is under the control of the Dire¢lor5. who are therefore acting Twstees for the charity. South Lough Neagh Regeneration Association undfrr a SeNice level Agreement with the Loughshore Care partnership continue lo dellver a range of seNces for older pwlo in the a￿a through the manag¢ment of volunteers who deliver a Day Care seN[￿ and Befriending Scheme. The group were abl6 lo use the evaluation of the Lough$hore Access to Basic Health & W811-being project lo support Its appliealion lo the Big Lottery - Connecling Young Families Programmg. This application was successfvl $e¢uring fvndlng for S year5 to deliver the Loughshore Famity Action Project fcKu$ing on servic•s for families. Appointrnenl of director As described in the Articles of As$oclatlon, a new director may be ellglble for appointrnenl if 21 days before the Annual General Meeting, written noltce 1$ deposited with the registered office of the intended proposal, signed by member and signed by the person lo be proposed. 80 as lo Indicate their willingness to be elected. Dlreclor induction & training New directors are briefed on Ihelr legal obllgations under Charity and company law. the content of the Memorandum and Articles of Association, the Board and decision making process and recent financial perfomiance of the charity. Directors are en¢ouTaged lo view the Charit￿$ Commission websile so as to gain a full understanding of their roles and responsibililies. Risk Management The Directors have a rlsk management strategy whth Comprises an annual review of the rlsks the company faces, the establishment of systems and procedures to mrbgats those risks identified and the implemenlaion of procedures designed to minimise any potential impact on the company. Trustees The Iruslees who served throughout the financial year. except a$ noted, were as follows.. Jacinla Cusack Michela Cusack Alan John Emer50n Hazel Guiney Conor Martin Jordan Joseph Nelson Joan Palri¢ia Aldridge Mairead Abraham Frances Kerr In accordance with the Articles of Association, the directors retire by rotatlon and. boing oligible, offer themselves for reelects'on. Compllance wlth S•ctor-Wide Leglslatlon and Standards The charity engages pr¢>aetively with legislation. standa￿S and codes which are doveloped for the sector. South Lough Neagh Regeneration Association subsuibes to and 15 compliant with the following.. The Companies Act 2CQ6 The Charities SORP IFRS 1￿2) Finan¢ial Review & Reserves Pollcy South Lough Neagh Regen•ration Association {A company limrtod by guarants•, not havlng a shore c•pl* TRUSTEES. ANNUAL REPORT for the finanoal year ended 31 c￿mber 2023 The Board has examined Ihe charitys reqUi￿rnents for r8seNos rn Ib3ht of th8 man r*ks of the organwtion. 11 beliéves the charity shoukj hokj resefyes because the organi5atsons sYJnffic8nby dependanl uFon grnnt intorn8 whKh can ￿ subj'ed to fluduation and requires prots￿￿n against, and the abilty to eonb'nue operating despite. catastrophK gr fe88er but t1am•girMJ evenl& The 8oard bel*ves that the minimum Ipvel of contsngenw re5erye is £70,000 wh¢ch indudtss an equivaknl ol six nwnlhs. operntin9 costs aThl £20.(KQ of desgnated reseThe for Fotenlial rnstnjrknring aTrJ otMr uneypttW cos The level ol resources be ￿l0j18thd and rgithmd annvalty and wll be buih up to thè de￿"red thl in st o)nstsienl wilh thg c*afty's ovorall finan(yal posttN and rt8 noed to maintsin and d•v•knp its thari* acbth. Slatomgnt ** to dl•¢logur• of ¢nfornMtion lo In*•nd•rrt•x•mln•r• In ￿ far as the Iru8tets aw8rn.' . There Is no reb¥4nt ?￿JIt in1¢xm￿ ofT*thK* ItK* thgril*>le companys. •wJitorn ar• urtawarn;•ThJ . The Intst•88 ham• sly that Ilw 0￿h1 to tsk•n to make th•m$•J￿8 •w•r8 of any r•l•vanl oudit inlorni•tron •fKI to •51￿1*h that th• I￿11t01# ofe ¥war• olthwt wrfomi•lion. PUBLIC BENEFIT STATEMENT In settrng Our and pknnlNJ ictpittss for the ygar the twstoes gwn ca￿rUI o)nsthr4tion to tho guid8nc* pro%Md8d by bc#Yies such os thtr Charity Commission for Norfhem IrelaThJ and HM Re￿nue and Customs on publi¢ btrn•fit to onsura thal tho athibas hm help8d io •thi8va tho tharity$ purposos and provth a binofft lo th? nfioar*s. Th• benefits of Soulh Lwh N¢agh Regewati￿ A￿(jaI￿ gre btsih rjear arKI dwe¢ty ￿lated to ttr charrtls awns and objecifft. Th•se ber*fft8 ar• •TrY damonslrnted throu9h swNeys of satisfa¢tion •1 the end any cfjU￿, intteased altothJ¥nc* al rel￿an1 M￿til¥J8 advKe aTrd guidanc8 50ughl by membots. The ¢harity bgn8firiath arn IMThJ in the Lough Ne4h area aThJ tt* wJm)urrflin9 afva8. Approv•d by th• Bo•rd ofTnMIA•• ¢)n 2 Ilay 2024 •nd •1gn•d on Its b•h•ll by: Jo••ph N•Jwn TnMts• South Lough Neagh Regeneration AsS￿latiOn IA Company limited by not havlng a share ¢•pr￿1) STATEMENT OF TRUSTEES, RESPONSIBILITIES for the fman¢ial year ended 31 December 2023 The trustet5, who aLso director5 01 South Lough Ne4h Re9eneration Assocjatson for the purwses of exnpany law. are responsible for preparing thè finaniial slalements in ac0)￿anc0 with applUb￿ ￿ and reguLqlions C¢%npany law wulres lh8 tr￿8$ as tho dKv¢lots to pwre financial State￿nts for eac* financial year. Under that law the Irustees have lo prepare financial ststemenls in aC￿r￿an￿ United Kingdom General Accepied Ac£J)unty"ng Practice (United King)knn knounb"rKJ Stsndath and aPpy￿ble tawl indud1￿4 FRS 102 The Flnanc481 Repofbng Slandard appl•ble in the UK and Republ￿ of Irelanf Section IA (Small Entitssl. Under company L4w thg trustees musl not appr￿ the fin•Kial siaiwls unknss they are sali5fied Ihat thgy gibe a true and lair view ol the stsie ol affalrs ol Ihe company and olthe ordefKJt ol Iho c£Ynpany lor Ihal perK#J. In prepar1￿ the40 finandal stslgments. trwloes •rn rffjuirwl to: select sutsblg aC￿Unting polic￿ and appty them eonststsnty." makejudgements and estimates that are reasonab￿ an(1 pwdent slate whether the finanoal staigmenls ha¥e been p￿Pared in a¢cothnc• wilh lh• rn18wil fmanogl repDrb"ng fr8rnewoth. vjenbfy Ihos0 Standards. NJ1• Ihe effgct •¥J Iho rea9￿ fflaknial depthJr¥ from thos• standards., ond preparn th8 finanrial ststernents on tr• goiNJ o)num ba81$ Lml•8s it r4 kh•PPTopriat• to Prn•tUM that th• ¢hafity will continue in operation. Tho Iws1￿$ Ih•t th6y ha¥• with thg abo￿ r•Juw•M￿l￿ in w•parirg finonc4al sl•t•m•nts. Tho tsuste•s •m ￿n￿blo Ivr keepir*J adequèts gcoJtnbiwJ that are suffi￿nI lo sht)W and •ypl8in tho charivs trans*ions and disclosg with r8asonabb a￿ur4￿ at any lim8 thg financial p￿tbon of Ihe tharity and en8ble Ih•m to an$ure thal thè finarloal stat