Company registration number. N1660274
Charity re￿atIon n￿nber", 107372
Rathfern Community Regeneration Group
(A company limited by guarantee)
Annual Report and Financial Statem¢nts
for the Year Ended 31 March 2023
TB Milkar & Co
6 Doagb Road
Ballyclare
Co Antrini
BT39 9BG

Rathfern Community Regeneration Group
Contents
Reference and Athninistrative Detai
Trnst¢es' Report
2to3
(lependent Examinefs Report
Statement of Finall¢1￿ Activiti¢s
Balance Sheet
Not¢s to the FiJ]ancial Statements
7t015

Rathfern Community Regeneration Group
Reference and Administrative Details
Trustees
Ms Attna Bond
Mi Alan CTawford
Mr George Hill
Mr John M¢Cleave
Mr Thomas Mccully
Ms Stephanie Mewha
Mr Gary Thompson
Mr Thon]as Kidtham
Secr¢tary
Charity Registration Number
107372
Company RegIS￿tiOn Number
N1660274
The charity is incorpordted in Northern freland.
43 Knockenagh Avenue
Newtownabbey
Co Antritn
BT36 6BE
TB Millar & Co
6 Doagh Road
Ballyclate
Co Antrim
BT39 9BG
Principal Office
Independent Examiner
Pag¢ I

Rathfern Community Regeneratioll Group
Trustees, Report
The trllstees, who ar¢ dirtctois foT the purposes of comp2ny law, present the annual i'eport together with the
fLll2ncial statements of the charitable compatly for the year ended 31 March 2023.
Objectives and activxties
Objects and aimg
The charity's objective is that all residents Siviiig in tlie Macedon ward of Newtown&bbey enjoy a high quality of
life, are able to achieve their economic. so¢ial and educational tyoals, and part of a strong, prosperous and
C3rÈnts eommunity. In Order to a¢hiev6 its objectives the charity aims to..
-illanage a community building which provides high quality facilities and a ranoe of activities thihich are
accessible to the 10¢81 comrllunity
-eontinuously develop aTJd updatc the buildino to m¢et the ch8ngints needs of the users
-develop activities that increage participation tn civic life including opportunities for self-developinenL
voluntsering and involveLnent in local decision-making.
Public benefts
The charity has added value by increasing the qiiality of life for residents tn Radifern. Kt has developed a Anaster
plan £or the area L8 a whole working witii tlie community through COMM￿litY consultation and public meetings.
ProgL2Lnmes are which develop employability slalls, build social cohesion, improve the treneral area and
empowei- those livincv in the area to create a better environmeiTrt in which to live. The centre is becomino the
focal poiiit foi commllnity ￿tivitieS and is used by a WAde rantse of useis and st2tutory bodies. Antriin and
Newtowi&bbey Borouoh Council contributes to tbe runnin(y costs of new and existing cominunity projects in
line with Council's Comillunity Developinent grant &id progranmie.
Achievements and perform2nce
We started thÉs finaiicial year with the upheaval and distiirbance involved in haviiic tkLe iiew extension biiilt.
Howevei" we came throutsh with flying colollrs and lost tbe minimum of revenue due to the reduction iii room
hiie. We used the time io look inwardly at what our needi were and how we could change to rectify the fmancial
situation during tliat financial year and wliat gr2Jits we could brintt in Lo help oiw situation. We have received
£4,655 froin the Commllnity Employinent Animation Fund to fwid the CSR Card tr&inints and the First Aid
Course whkch will help people get back to work Ltsain. Another application was made to Livino Spaces and
Pl&ees to the value of £3,700 and was awarded in MarGh 2023 for some i-tmedid WC>rlcs outside to ensure our
application foi. Giten Flao
Status Gan 202in be Success￿1. We also received siipport froiT) AntriLII and
NeW(ownabbey Borough Council of £1,620 for a Iiathfern Exploriiig Identity CouiEe. We further reoeived our
Block grant of £30,000. This figure increascd to £45,000 and was negotAated iii a January 2023 proposal alld
rattfied in a M￿ch 2023 Council meeting. We wish to takt this opportunity to thank Antrim 2nd Newtownabbey
Borough Council for their ongoing Partnership and also The Local Commur&ity Fund/Bio IA)ttery for their
fw]dxng for Élle next three ytars.
We Can aJee that we Iiad a pretty successful year indeed, wth furtLier addittonal woiks to li￿lde and outsid
to make sw't our centre is clean and kept tn good ol'der, the memb¢TS of staff are helpful & friendly and togetlier
we ¢an deliver a very good project. We started the year off with five staff inelnbers we now have two additiona
reception staff ai)d one ConunuEllty Mentoi. for ttLe Rathfern Junior Hill Wardens which has iiicreased stsff
Mernbe￿ to eight.
We have also had another successful year assistino our community throuJ the Christrn￿ f4estival prOgr￿n1r1e,
accorlltnodatiiits new and einertsino ￿0upS by wiy of providints rooms free of chuge, operating the Youth Club
two nitrhts per week, the Homeworlc Club two afternoons a week and tlie Art Class ttvery Tuesday. Last but not
least, our over flfties Coffee mon)ings eontinue to be a siiccess eaoh Monday morning and Ltteans that we
comply fully to the aspiiztions set out by the Board of Dii'ectors.
Page 2

Rathfern Community Regelleratiom Group
Trustees, Report
Ftnancial review
The charity had an overall deficit of £31,233 in the year. Restricted reserves had bettn built up since Covid-19,
with a lot of thest being iised during the year. The charity's principal SOUTces of fundinct soiinces of funding All
the period were:
- Antrim and Newtownabbey BoroiiJtt Council
- National Lottwy Community Fund
Children in Need
Plans for future periods
Aints ttpld key objectiV8gforfulureperiods
AL%ain we had to en¢age with the Local Community Fund witli re08rds to a new application to cover tlit Youth
Prod<r 2rnn]e and Staffing our Yoiith Workers Team for the next tbree years. After monLhs of engatsement and
m8kinB the necessaiy chattges to the application we wer¢ notified 011 29th March 2023 that the appli¢a£ion for
£260,840 was successful (bllt paid in instslments).
Small comp%uies provision staten]ent
Tliis report has been prepared in accord8nce with the small companies regime under the Coillpanies Act 2006.
The annual report was approved by the trllstees of the Gharity on 19 May 2023 2nd signed on its behalf by".
Mr GeoiE¢
Trnstee
Page 3

Rathfern Commullity Regeneration Group
Independent Examiner's Report to the trustees of Rathfern Colnmunity Regeneration
Group ('the Company,)
I report to the oharity trustees on iny examiiiation of the accounts of the Company foi. the year ended 31 March
2023.
Responsibilities and basis of report
As the cl1￿.1ty'S trnstees of ttie Company (and also its directois for the purposes of Company law) you &re
I'esponsible foL' the prepaixtion of the accounts in accordance with di¢ requtrements of the Companies Act 2006
('the 2006 Act,).
Having satisfied inyself that the accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are elitrible for indepeiident examinatioii, I Irport ili respect of my examination of YOUL charity's
accounts as carried out under section 145 of the Ch&'ities Act 2011 ('the 2011 Act,). In carryiiig out my
examii&ion I liave followed the Dirertions ttiven by tjie Ch￿Lty Cominission under section 145{5Mb) of the
2011 Act.
Independent ex2miner's statement
I have completed my ex8mirkation. I confirn] that no matters have comt to iny attention in conn¢ction with tlie
exajnlliation trivin(y me cause to believe:
accountinth recoi-ds were not kept in respect of RatlifeTll Cominunity Regeneration Group as required by
section )86 of the 2006 Aci. or
2. the accoiints do not accord with those records. or
3. the accounts do not comply with the accA)Ulitillg requirements of section 396 of the 2006 Act other thali
any requii"eLnent that the accounts give a 'true and fair view, whickn is not a matteT considered as part of an
independent examination. or
4. the aceounts have not been prepared in accordance with ti)e methods and prii)ciple8 of the Statement of
Rcc4)inmended Practice for accounting and reporting by charities [applieable to charities preparing thell.
accounts in accordance with tbe Financial Reporting Standard applicable in the UK and Republic of
IrelaLid (FRS 102)].
I bave no coiicerns and have come icross no other m8tters tn connection with the exaniination to which ￿tentIOn
should be drawn ID this report in ordtr to enable a proper understanding of the accounts to be reaclied.
rymi
oad
BallYcl￿e
Co Anti-im
BT39 9BG
19 May 2023
Page 4

Rathfern Community Regeneratioll Group
Statement of FinancRal Aetivities for the Year Ended 31 March 2023
(Including Income and Expenditure Account and Statement of Total Reeoguised Gains
2nd Losses)
Unrestricted
funds
Restricted
funds
Total
2023
Note
Income 2nd Endowments froEll:
Donatioiis and legacies
Charitsble activities
103,753
103,753
25,703
Totsl income
25.703
103,753
129,456
Expenditure ory:
Charitable activities
(4,163)
(156,526)
(160,689)
Total expenditure
Net in¢omd(expenditsre)
Net movement in funds
Reconciliation of funds
Total thLids brought forward
Total funds ca￿led forward
(4,163)
(156,526
52,773
(160,689
21,540
31,233
21,540
(52,77J)
(3l,2J3)
9,901
97,471
107,J72
15
31,441
44,698
Restricted
funds
Ullrestrieted
funds
Total
2022
Note
Ineome and EndowmeJ)ts fi"orn:
Donatio1￿ and legacies
Charitsble activities
4,450
15,907
140,568
145,018
15,907
Total incotne
20,357
140,568
160,925
Expenditure on:
Charitable activities
(1,676)
(1,676)
18,681
(90.735)
(92,411)
{92,411)
68,514
Total expenditure
(90,735)
Net income
49.833
Net movement in funds
18,681
49,833
6S,514
Reconciliation of funds
Total funds brought foi'w&rd
Total knds ¢aiTied forward
(8,780)
9,901
38,858
15
97,471
107,372
All of the charity's activities derive from continutng operations during the above two periods.
The fwids breakdown for 20?2 is shown in note 15.
Tht notes on patses 7 to l5 form an intetsi'al p&t of tljese financAal statements.

Rathfern Community Regeneration Group
(Registration number: N1660274)
Balance Sheet as at 31 March 2023
2023
2022
Note
Fixed assets
Tanoible assets
12
17,771
Cui'rent assets
Cash at bank &nd li) hand
13
42,016
{2,113)
92,165
Creditors: Amounts falliug due within one year
14
2,564
Net eui'rent assets
89,601
Tr4et assets
76,139
107,372
Funds of the charity:
RestL1Cted income funds
Restricted fvnds
44,698
97,471
Unrestrieted income funds
Unrestricted funds
31,441
9,901
107,J72
Total funds
15
76,139
For the fiiianeial Ye￿ endiLig 3 1 March 2023 the charity was entitled to exemption froin audit under section 477
of the CompaRies Act 2006 relating to small companies.
Directors, responsibilities..
The meinbers have not Tequired the charity to obt&in an audit of its accouiits for the year in question in
accordance with section 476. and
The directDi% acknowledge their responsibilities for Complying with the requirements of tlie Act with respect
to aceounting records and tbe prepai2Éton of account5.
These finall¢ial staten)ents have been prepared in accoi'dance with the special provisions r¢l2ting to companies
subject to tlie small companies Tetsirne witl)Aii Part 15 of tlie Companies Act 2006.
The finaiicial statements on paoes 5 to 15 were approved by the tr￿stee8, and authorised for Issue 011 19 May
2023 and signed on tlieii behalf by:
Ina Bond
Trustee
eor
Trustee
H311
The notes on pages 7 to 15 fomi an integral part of tbese financial statem&nts.
Page 6

Rathfern Community Regeneration Group
Notes to the Financial Statements for the Year Ended 31 March 2023
I Charity status
The Ch￿-Ity is IiLnited by guarantee, incorporated in Northerii Ireland, and consequently does not have shalt
capital. Each of the trustees is liable to contributtt an amount not exceeding £1 towards the assets of the charity
sn the event o'f liquidatLOn.
The address of its reoistered office is-
43 Knockenagh Avenlle
tlewtownabbey
Co ALitsitn
BT36 6BE
Tliese financial statements were authorised for issue by the trugtees on 19 May 2023.
2 Aeeounting polieies
Summary of sigxjifteant 2£eountinu policies A Trd key ateounting estimatÉg
The Princip￿ account'ing policies applied in the preparation af these financial statements are set out below.
These policies have been consistently applied to all tbe years piesented, unless otherwtse stated.
Statement af eompllance
The finarLcial statemeDts have been prepared in accordance with Accouiiting and Reporting by Charities:
Statement of Recommended Practice (applicable to ch￿-ItieS preparing their accounts in accordance with the
Financial Reporttng StandaTd applicable Èn the UK and Republic of Ireland (FRS 102)) (issued in October 2019)
(Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK aiid Republic of Ireland
(FRS 102) and the Companies Act 2006.
Basis of preparAtion
Rathfern Community Regeneration Group meets th¢ definition 0£ a public benefit entity under FRS 102. Assets
and liabibtieg al'e initially reco2nised at historical cost QT ts7ns&ction value unless otherwis¢ stated in the
relevant accountin¢
policy notes.
Going coneern
The trustees considei. that theTe are no material iincertainties about the charity's ability to eontinue as a gointt
concenj sjor any signkficant areas of uncertainty that affect the ¢2rrying valiie of assets held by tlie charity.
Income and endowments
All income is recoJised once the ch￿lty has entitlemeDt to the income, it is probable that the income will be
Teceived and tkje amount of the in¢ome receivable can be measui'ed reliably.
Donations and lesuci
Donations are recognised when the charity has been i)otified in writing of both the amount and settlement date.
In the event that a donation is subject to conditions that require a level of perfoTmanGÈ by the charity before the
FLarity is entitled to the funds, tlie in¢ome is deferred and not recognised until either those Collditicins are fully
me¢ or the fulfilment of those conditions is wliolly witliin the control of the cliarity atld it is probable that these
conditions will be fulfilled in the repoiting period.
Page 7

Rathfern Community Regeneration Group
Notes to the Financial Statements for the Year Ended 31 March 2023
Grants rÉceivable
Grants ￿'e recognised when the charity has an entitlement to the funds and any conditions linked to the grants
have been iiiet. Where performance Conditions are attached to the gJ7nt and are yet to be rnet, the incorne is
i-ecognised as a liability atid in¢luded on the balance sheet as defe￿ed income to be released.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditui'e, Lt is probable
settlement is required and the amount can be measured reliably. All costs are allocat'ed to the applicable
expenditure heading that aggregate siinilar costs to that category. Where costs cannot be directly attributed t()
particular headings they have been allocated on a basis consistent Nyith tbe use of resources, with central gt&ff
costs allocated on the basis of time spent, and depr¢ciation cliarges allocated oll the portion of the asset's use.
Other support costs are 8llo¢ated based on the spread of staff Gosts.
CliariÉdble aclivitias
Cbaritable expenditure oomprists those costs incuiTed by the Gharity in tlie delivery of its activities and services
for it8 beneficiaries. Lt includes both costs th&t Can be allocated direotly to such activities and those costs of an
indirect natsre necessary to support them.
Support tosts
Support costs include central functions &nd have b¢¢n allocated to activity cost eategories on a basis con8lStent
with the use of resources, for example, allocating property wsts by floor areas, oi per eapit4 stsff costs by the
time spent and other costs by their usa<Ye.
Coverllante costs
These include the cosls attributable t(> the charity's Compli￿Ce with conststutional and ststutory requirements,
includiiig audit, strateiyic management and trustees meetings and reimbursed expeiises.
GoveAThmÈnt L¥r2nts
Government orants art recoiFnised based on the ac¢nLal model and are measured at ttie fair v￿ue of the asset
i'eceived or rettivable. Grants are cltÉssified as relatints eithei. to revenue or to assets. Grants relatints to revenue
are recogi)ised in income ovei. the period in which the related costs are reeognised. arants relating to assets are
i'ecognised over the expected useful life of the Isset. Where part of a itlating to an asset is def¢ire& it LS
Teco<ynised as deferred incom¥.
Taxation
The charity is consid¢iEd to pass the tests set out in Paragrapli I Schedule 6 of the Finance Act 2010 and
therefoi'e it meets die definition of a Ch￿'Itable company for UK COTporation tax purposes. Accordingly, dit
charity is potentially exempt fi-om tsxation in respect of incoine or capitd (rains receivcd withtl) categories
covei'ed by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Charge8ble
Gains Act 1992, to the extent that such income or gal￿ ￿.8 applied ex¢lusively to charitable purposes.
Tangible fIxed assets
Individual fixed assets costing £0.00 or more are initially recorded at eosl less any subsequent accumulated
depreciation and subsequent acoumulated llnpairment losses.
Page 8

Rathfern Commllnity Regeneration Group
Notes to the Financial Statements for the Year Ended 31 March 2023
Deprecigtion 2nd amortis8tion
Depreciation is provided on t&ntyible fixed assets so as to writ¢ off the cost or valuation. less any estimated
L'esidiial value, over their expected useful economic life as follows..
Casb and cash equivalents
Casli and cash equivalents comprise cash on hand and ca]1 deposits, and other short-tenll highly liquid
investments that are readily convertible to a known amount of casli and are subject to an iiisignificant rtsk of
change An value.
Trade creditors
Trade Greditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business fi-om suppliers. Accounts payable are classified as current liabilities if the charity does not have an
ui)conditional right, at the end of the reporting period, to defer Settlement of the creditor for at least twelve
months after the reporting date. If there is an unconditional right to defer s¢Étlement for at least twelve months
after the reporting date, tbey are presented as nOn-￿irrent liabilities.
Ti?de creditors zre recognised Allltially at the transaction pr(ce and subsequently ineasured at amoitised cost
usin<r th¢ effective intsrest method.
Borrowings
Inteiygt-bearing borrowiiiJo are initially Teeorded at f￿r value, net of transaction costs. Interest-beaiin
borrowings are subsequently carried at amortised cost, the difference betweetL the proceeds, net of
transaction costs, and the amount due on redemption being recotsnised as x charge Éo the Statement of Financial
Activities ove¥ the period of tlie relevarnt boi'rowing.
Interest expense is re¢o(ynised 017 the basis of the effecttve iiiterest rnetliod and is included in interest payable
and similtw cbar<yes.
Borrowings are classified as current liabilitieg unless the charÈty has unconditxonal right to defer settlement of
the liability for ￿ le8St twelve moiiths after the reportin45 date.
Page 9

Rathfern Community Regeueration Group
Notes to the Financial Statements for the Year Ended 31 March 2023
Foreion exehange
Transactions in foreign currencies are recoided at the rdte of exchange xt the date of the tr￿]Saction. Monetary
assets and liabilities denominated in foreign currencies at the balance sheet date are reported at tha rates of
exchange prevailing it that date.
The results of overseas operations are translated zt the average Tat'es of exchange dui-intr the period and their
balance sheets at tELe l'ates ruling at the balance sheet date. Exchange differences arisino on translation of the
openin¢y net assets and results of overseas opei?ttons 2re reported in other comprehensive incoine and
ancumulated in equity (attributed to non-controlling interests as appropriatt).
Other exchange dlfferences are recoJ(T ised in the Statement of Financial Aotivities in the period in which they
arise except for..
l) exch&noe di'ffei'ences on trans8Ctions entered into to hedge certain foreign curiency risks (see above).
2) exchange differe33ttes arising on g￿n$ or losses on non-lnonetary items wl)ich are recotsr)ised itt other
comprehensive income.
3) in the case of the consolidated financial statements, exchange differences on Inonetsry iterns receivable from
or payable to a foreign operation for which settlement is ryeither planned r]or likely to occur (therefore fomiing
part of the net investn]ent in the foreign operatioii), which are re¢otsJLised in other compi'ehensive income and
reported under equity.
Fund structure
Unrestricted income funds are genernl fLmds that are available foi. use at the tmstecs discretion in furtherance of
the objectives of the ¢￿￿-lty.
Restricted income funds are those donated for use in a particular area OT for specific purposes, the use of which
is restricted to that area or pui"pose.
Pensions and other post retirement obligatioDS
The charity operates a defined contribution pension scheme which is a pension plan under which fixed
coJJtributions are paid into a pension fund and the charity has no leg￿ or Col￿tructIve obligation to pay further
contributions even if the ￿nd does not hold sufficient assets to pay all employees tlie benefits re2ating to
ployee service in the current and prior periods.
Conliibutions to defined contribution plans are i'ecognised in tlie St2tsment of Financial Activities when they are
due. If contt'ibution payments exceed tlie contribution due for servlce, the ex¢ess is recognised as a prepaymeni.
3 Income from donations and leqaeie5
Unrestritted
funds
General
Restyieted
funds
Total
funds
Grants, including eapitsl grants.
Governmelit grants
103,753
103,753
Total for 2023
103,753
103,753
Total for 2022
4,450
140,568
145,018
Page 10

Rathfern Community Regenerdtion Croup
Notes to the Financial Statements for the Year Ended 31 March 2023
4 Ineome from eh#ritable aetivities
Unrestrieted
fund$
General
Total
funds
Rerrt from use of centre
25,703
Total for 2023
25.703
Totsl for 2022
15,907
15,907
S Expenditure on charitablÈ aetivities
Unrestricted
funds
General
Rests"ieted
funds
Total
funds
Charitable Activities
Allocated Support Costs
Staff Costs
86,284
15,269
86,284
19,432
4,163
Total for 2023
4,163
154,888
159,051
Total for 2022
1,676
90,735
92,411
Ill addition to the expenditure analysed above, there w-e also governance eOAts of £1,638 (2022 - £1,560) which
relale dii-ectly to chaLtt&bSe activities. See note 6 for furttker details.
6 Analysis of govern2nee and support costs
Governance costs
RestrÉel'ed
funds
Total
funds
Indeptndent examiner fees
ExaminatlOLI of the financial statements
1,638
1,638
Tolal for 2023
1,638
Total for 2022
I,)60
1,560
Pagell

Rathfern Community Regeneration Group
Notes to the Financial Statexnents for the Year Ended 31 March 2023
7 Net lncominrylo￿tg0lng resollrc
Net (outgoing)/incoJning resoui'ces for the year incliide:
2023
2022
Operating leases - plant and machineiy
Depreciation of fixed assets
716
4,740
732
2,997
8 Trustees remuneration and expenses
No trustees, iior any persons connected witE) them, have received any remunetation from the ¢h&rity dlirints tlie
No trwttes have received any reimbllrsed expenses or any other benefits froin the charity during the year.
9 Staff costs
The af¥gregale payroll costs were as follows:
2023
2022
Staff costs duiiug the year weve:
Waoes and salaries
Pension Costs
52,867
468
41,497
53,335
42,100
Tlie monthly aver2tse niiinbeT of persons (incluaints seDiQT management / leaderslup team) employed by die
¢barity duiing the year expressed as full tinie equivalents was as follows:
2023
2022
'0
Number of staff - Proje¢tS
Nuinber of staff - Preinises
No employee received emoluments of more th80 £60.000 during the y¢ar.
10 Independent examiner's remuner*tion
2023
2022
Exatnination of the financial Stat￿￿ents
1,638
1,560
Page 12

Rathferll Community Regeneration Group
Notes to the Financial St2tements for the Year Ended 31 March 2023
11 Taxation
The charity is a re<YiStered charity and is therefoi'e exempt fiDm tsxation.
12 Txnojble fixed 2ssets
riurniture and
equipment
Computer
equipment
Total
Cost
At l April 2022
Additioiis
2,450
23,205
2,363
4,813
At 31 m.arch 2023
25,655
2,363
28,018
Depreciation
At l April 2022
Cha'(Ke foT the year
2,209
4,215
788
525
2.997
4,740
At 31 March 2023
6,424
Net book vAIuè
At 31 Mai'ch 2023
1,050
20,281
At 3 l M￿h 2022
241
1,575
1,816
13 Cash and cash equiv8lents
2023
2022
Casli on hand
Cash at bank
215
41,801
42,016
215
92,165
14 Creditors: amounts falling due within one year
2023
2022
Tradt cred£tors
Other taxation and social security
Acci￿21S
1,367
(905)
1,651
913
1,651
2,564
PLtye 13

Rathfern Community Regeneration Grollp
Notes to the Fillancial Statements for the Year Ended 31 March 2023
15 Funds
B*lance at I
April 2022
Incoming
resources
Resourc¢s
expended
Balxnce at 31
March 2023
Unrestricted funds
General
9,901
25.703
(4,163)
(156,526)
il,441
Restricted funds
97,471
103.753
44,698
Tol'al ftknds
107,372
129,456
(160,689
76,139
B21Ance at I
April 2021
Incoming
resourees
Resources
expended
BalAnce at 31
M&reb 2022
Unrestrieted funds
General
(8,780)
47,638
20.357
(1,676)
(90,73J}
9,901
RestrKcted funds
140,568
97,471
Totsl funds
160,925
(92,411)
107.)72
Page 14

Rathfern Community Regeneration Group
Notes to the Financial Statements for the Year Ended 31 March 2023
16 Analysis of net assets between funds
Ulli'o%tricted
fullds
Gener21
Total fullds at
31 March
2023
Restricted
nds
Tangible fixed assets
Current assets
Current liabilities
2,428
(41.096)
{2,113
40,781)
33.808
83,IL2
36,236
42,016
(2,11.3)
Total net assets
116,920
Unrestrieted
funds
General
TotaI funds at
31 M%rch
2022
Rdsti'icted
funds
Tangibl¢ fixed assets
Cui'rent assets
Current liabilities
3,412
9,053
(2,i64)
9,901
14,359
83,112
17,771
92,165
(2,564
Totsl tLet assets
97,471
107,372
Page IS