CoiJpany lestratiOn number.. N1660274 Chaiity registration number: 107372 Rathfem Community Regeneration Group {A company limited by guanmtee) Annual Report and Financial StateMts for ihe Year Ended 31 iuarch 2024 TB Millar & Co Independent Examiner 6 Doatth Road Ballyclare Co Antri BT39 9BG
Rathfern Community Regeneration Group Contents Reference and Adlninistrative Details Trnstees, Report 2to4 Independent Examiner's Report ststement o£Financi81 Activities Balance Sheet Notes to the Financial Stafrments 8t017
R2thfern Community Regener2tlOll Group Reference and Administrative Details Trustees Ms AJJna Bond Mr Alan Crawford Mr George Hill Mr John Mccleave Ms Stephanie Mewha IS Gladys Maguire Ms Kathy Godfrey Ms Dineen Wdker Secretary Mr Thomas Kirkhain Charity Registration Number 107372 Company Registration Number N1660274 The chaiity is in¢oryorated in Northern Ireland. 43 Knockenagh Avenue Newtownabbey Co .kntrim BT36 6BE PrincAp21 Office Independent EXiller TB Millar & Co Independent Examiner 6 Doagh Road Ballyclare Co Antri BT39 9BG Page I
Rathfern Community Regeneration Group Trllstees, Report The trLL8tees, who are directors for the purposes of company law. present the annual report together with the financial statements and auditors, report of the charitable company for the year ended 31 March 2024. Objectives and activities Objects and oims The chaiity's objective is that all residents living in the Macedon ward of Nevrtowiubbey enjoy a high quality of life, are able to achieve their economic. social and educational goals. and are part of a strong, prosperous and Caring COnlun1ty. In order to achieve ILS objectives the charity aims Lo.. -manage a community building which provides high quality facilAties and a range of activities which are accessible to the local collvllunity -continuously develop and update the building to meet the changing needs of the us&s -develop activities that increase participation in civic life including opportunities foL' self-devtlopment, volunteering alld involvement in local decision-mal<ing. Public benefit The charity has added valiie by increasing the quality of IAfe for residents in Rathfein. It has developed 8 5naster plan for the area a whole working 'th the community thiougli comn]ullity consultstioJ] and public meetings. Pro£ram]Jes are rLm whieh develop employability skills, build social cohesion, improve tbe general area and ejnpower those living in the area to ereate a better environmellt in wliich to live. Tlie centre is becoming the foc21 poini for cotnmulliÈy activ3ties and is used by a wide range of iise13 and statutory bodies. Antrim and NewEoThThabbey Borough CoiMcil contributes to the running costs of llew and existing con)ullIty projects in line willi Council's Cornmunity Development Erant ald progETllne. Page 2
R2thfern Community Regeneration Group Trustees, Report Achievements and performarAce Durtng the pt Iwelve months, The Sovereign Coinplex has had a busy time. We have had LILanges to our B02rd, with Lhree new members w&0 had previously been volunteerg wkth us. The Board of Directors has generally played a more in depth role in tlie development of Cojnplex and collectively we have enjoyed lots of good neMis from kndeLS and user 0uPS. We anaged to encoiirnge new users to the centre and we also introduced a small increase iu room hire to keep up with inflation. The Boar4 Staff aud volunteers have been focusing on savtng on OUT expenditure and IvorkiniF to keep our energy bills down to the millillm. We get up four sub groups to deal with HR, Finance, the Youth Pioject and Sustsinability &nd Succession planning. Soine of the bighlights d[IllE the past year ELave been ihe Ilings Coronat70n and d]e event that we had for the Ratlifem Cornmlinity to celebrnt¢ the day. The Board agreed to the refurbishment of the portacabin out the back for the sole we of the Rathfern Junior HLLI Wardens. This would give tbem their own space and help to keq) the centre clean when they have been out on the Hill for activities. Hill Warden trips for e previous six months were to places like the Silent Valley, HMS c011ne, C2urick Castle, Marble Arch Caves, Ratldin Island, the Gobbins Path and Artnagh Planetarium. Staff members worked tirelessly to ttirn the smaller slied oiit the back into 2 Sensory Room for the use of any groups attendiug the Complex with children on the Spec1n]m. Our staff at present are a part time Nlanager, one full time and two part time Yoiitkn Worke, two part tm]e receptionists, one part time comtllunity m¢ntox and one domestic. The Board of Directors had a residential in Antrirn which was faciliated by Audrey Mwray MBE. CELanges implemented from this included the introduction of a small staff rooin with Lockers, a change in holidays to tenn time, wluch is expected to save £1,000 to £2,000 per ar)ni1. It wts decided to introduce reoular staff meettngs to keep everyone up to date. We continue to mollitor how staff are doing tIOll six monthly reviews to encourage re-focus on the tasks ahead and tea worlc. We will continue with our recrnitment drive for volunteers to help oui in the centt"e and specifically the Youth Club. We held our nonnal Senior Citizens Chi"Astmas dinner, and over the Ckn'istmas period we raised £215 for tools for the Men's Shed whiah was doubled in kind by AndsPs Stores and Councillor Foster in kind with tools. Tht Junior Hill Wardens raised £244 for future tiips and the Senior Cit17ens raised £322 to use towards outkngs. To complete the Years achxevements we havt secured our Green Flag status for our enviromnental achievements which is now the fourth year in a row. Financial revlew The Charity had an overall sUlUS of £23,076 in tbe year. Restricted reserves had been built up since Covid -19 with a lot of these being used during the Jie2r. The charÉty's principal sources of funding on the period were - kntrim and NeTh¢oThi]abbey Borough Council - National Lottery Community Fund - Children in Need Page 3
Rathfern Community Regeneration Group Trustees, Report Plans for tllre periods Aims key objectivesfopfutureperiods To kick-stsrt a new idea we received a grant of £4,999 from the Northern Ireland Housiiig Executive to pursue proposals for addition21 fund r2ising activities related to our land our the back. tliis piece of work would start in April 2024. Ed Haw]a has been tasked to do the business plan and proposals, which will follow in Lhe SUmEner of 2024. ro keep up with inflation ThTe raised tbe costs of our Birthday parties, as the minimiull wage is to be increased in April 2024 and our costs for electricity and gas are ever increasing. To this end all Staf* and Volunteers are on an economy drive to ke¥ costs down as best we can. As Chairyerson of Rathfern Community Regeneration Group I want to say how honoed I have been to Itad this group, in what has beeu our greatest year to date. In January 2023 we opened our ntw complex, a £1 tnillion state 0£ the art centte, wliich was olficially opened by the Mayor of Antriin and Newtownabbey Borough Council, Aldernian Stephen Ross aud the Lord Lieiitellant of County Antrim Mr. D<Trvid M¢CoilthilL also present was our good friend Mrs. Jac11 Dixon MBE as tlie then Chief Executive along Thith members of the Council. This investjnent will s¢e us looking forward to the next ten years 2nd it is up to lls to be diljoent and use the new complex to its best potents.al lor tlie benefit of the entire ¢ommunity. I h2Vt 2 strollg Board working with me whose interest is in the commuTLity along witli staff Membe and voliinteers who cantiniie to provide us with feedback as to tb¢ community's needs. We also need to look at our veuture in the business sense to ensure we meet all of our expectations and pay our bills on time. Of course we 2r¢ always lookn.ng to improve our organisation in a way that would be an adv&ntage to our young people and especially some fonn of training sessions for young Mothers retuming to work. Personally I would like a more hands on approach in th mvellOuS work ¢xoing on and I will soon make a ¢hange to live Closer to Rathfem. I have a particular int&est in the work of the Youth Club as in my own personal upbrinoing it was the local club Managed by David Jeffries who helped define who l am today. We continue to lobby for better facilities at)d to this end our Rathfern Play area is in need of refurbislunenL not tbrou£h vandalism l add but thiough continual usage every day. We have been told that we are on Lbe list of Antiim and Newtownabbey Borough Council for the woIk to be done in June 2024. 1 want to take this opportunity to th2r)J< Éveryone involved in our Rathfern ploject in the hope that they too C9 strive to be the jewel in the Community Development Cro%n. Sm811 companies provision statement This report has been prepared in accordance with the small companies regime under the Companies Act 2006. Th¢ annual report was approved by the ttteS of the charity on 14 June 2024 and signed on its behalf by: Mr George Hill Trustee Page 4
Rathfern Community Regelleration Group Independent Examiner's Report to the trustees of Rathfern Community Regeneration Group ('the Company,) I report to the charity trustees on my examinatioii of the accounts of tkne Con)pany for the year ended 31 March 2024. Responsibilities alld basis of report As the clwity's trustees of the Company (and also its directors for ttLe purposes of company law) you are r¢sponsible for the preparation of the accowits in accordance with tl]e requirements of the ChtieS Act (Northem Ireland) 2008 {'the 2008 Act.) aud the Companies Act 2006 {'the 2006 Act,). You are satisfied that tELe accounts of the Company not reqiured by Charity or company law to be aiidiLed alld have chosen instead to have independent examiiiation. Having sati&fAed myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examinatioii of yoiir charÈty's accounts as carried out under section 65 of the 2008 Act and sectioii 145 of the Charities Act 2011 ('the 2011 Att,). In caryxng oiit my examination I have followed the Directlons given by the Charity Commission for Northern Ireland under section 65{9)(b) 0£ the 2008 act and the Directions given by the Charity ColluJission under section 145(5)(b) of the 201 l Act. Independent examiner's statement I have completed my examination. l ¢onfllm that no Lnatters have come to my attention in connection with the examination glving me caiise to believe: accounting reeords were not kept in respect of Rathfern Con]miinity Regeneration Group as required by section )86 of thc 2006 Act; or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the accou]JtAng requirements of section 396 of the 2006 Act other thali ally requiremeut th&t the aeeounts give a 'ttue and fair ew, which is not a tnatter considered as part of an independent examiJJation- or 4. the acColtS have not been prepared in accordance with the methods and principles of the Statejnernt of Recon]Jnended Practioe for accounting and reporting by charities [applicable to cknities preparing their accounts in accordance with the Financial Reportsng Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concems and have come across no other DtterS in connection with the exarnination to whic]J attention should be drawx in this report in order to enable a propel understanding of the accounts to be reached. BEWry t Ex&tniner ccountants Ireland Ch red 6 Doagh Road Ballyclare Co Anttim BT39 9BG 14 June 2024
Rathfern Community Regeneration Group Staten]ent of FillanciaI Activities for the Ye2r Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrieted funds Restricted funds Total 2024 Note Income Endowmellts from: Donations and legacies Charitable activities 500 48,572 158,870 159,)70 48,572 Total income 49.072 158,870 207,942 Expenditure on: Charitsble activities (10,717 174,149) (184,866) Total txptndithTe (10,717) (174,149) (184,866) Net incoiLe/(expendltte) 38,355 (15,279) 23,076 Net movejnent in f(Luds 38,355 {15,279) 23,076 Reconciliation of funds Total funds bi"ought fonvaJd 31,441 44,698 76,139 Total fiuLds carried foii¥ard 16 69,796 Unrestrieted funds 29,419 Restricted funds 99,215 Total 2023 Jneonje and Endowments from: Donations and legacies Charitable activities 103,753 103,753 25,703 25,703 Total inc0e 25,703 103,753 129,456 Expenditure on: chItable activities (4,163) (156,526) (160,689) Total expettditure Net incomel{expeDditure) 4,163) (156.526 (160,689) 21,540 52,773) {31,233) Net movement in fiinds 21,540 (52,773) {31,233) Reconeiliation of funds Total fAmds brollglit fonvard 9,901 97,471 107,372 Total fLuJds carried forward 16 31,441 44,698 76,139 All of the Charity's &ctivities derive from continuing operations during the above two periods. The funds breal(doThw for 2023 is shown in note 16. The notes on pages 8 to 17 form an integral p&rt of these financial statements. Pag¢ 6
Rathfern Community Regeneration Group (Registration number: N1660274) Balance Sheet as 2t 31 Mareb 2024 2024 2023 Note Eixed sssets Tangible assets 12 32,160 36,236 Current assets Debtors Cash at bank and in hand 13 14 1,251 70,079 42,016 42,016 71,330 Creditors: AKnounts falling due within one year 15 (4,275) (2,113) i et current assels 67,055 39,903 Net assets 99,21) 76,139 Funds of the eharity: Restricted ineome funds Restricted fjjnds 29,419 44,698 Unrestricted income funds Unrestricted fiinds 69,796 31,441 Total funds 16 99,215 76,139 For the flnancial year ending 31 Matcli 2024 the charity was entitled to exemption from audit Lmder section 477 0£ the Companies Act 2006 reknting to small comp&nies. Directors, responsibilities: The meinbers have not required the charity to obtain an audii of its accounts for the year in question ill accordance with section 476. and The dÉrectors ackllowledge their responsibilities for compliryng the requirernellts of the Act wid] respect to accounting records and the preparation of accounts. These financial statements have been prepared ac¢ordance with the special provisions relatlDg to companies subject to the sm&ll companies re8iYne within Part 15 of the Companies Act 2006. The fjnancial statements on pages 6 to 17 were &pproved by the twstees, and authorised for issue on 14 June 2024 and signed on their behalf by.. Ms Anna Bond Trnstee Mr George Hi]I Tntee The notes on paises 8 to 17 form an inte(sral part of these finaneial statements, Page 7
Rathfern Community Regeneration Group Notes to the Financial Staten]ents for the Year Ended 31 March 2024 I Charity status The Ch'itY is liinited by guarantee, in¢oxpor2ted iJJ Northem Ireland, 2nd consequently does not llave share capital. Each of the tmstees is liable to contribute an 8moullt not exceeding £1 towards the assets of the charity in tbe event of liquidation. The address of its registered office is- 4) lQ]oeken&gh Avenue NeW£ownabbey Co Antrim BT36 6BE These financial ststements were authorised for iSSLie by the trustees on 14 June 2024. 2 Aecounting policies Summary of significant 2tcounting polxcies and key 2ecollnting estimates The principal accounting policies applied in the preparation of these financial stateEnentS 8re set out below. These policies have been consisLendy applied to all the years presentel unless otherwise stated. Statement of eomplRance The fanCIal statements hive been prepaTed in accordance with Accounting and Reporting by Chaiities.. Statement of Recoi]llnended Practice {applicablt to Charities prepIllg their accounts in accordance with the Financial RepoTting Stand2rd applicable in the UK and Republic of Ireland (FRS 102)) (issued iii October 2019) (Charities SORP {FRS 102)), the Financial Reporting SL2nd"d applicable in the UK and Republic of Ireland (FRS 102) and the CoMpsleS Act 2006. Ba$is of preparatlon Rathfern Community Recrener2tion Group tneets the definition of a public benefit entity llnder FRS 102. Assets and liabilities are initially recognised &t historical cost ar transaction value unless othtxwise ststed in the relevallt aecounting policy notes. GoÈng concern The trustees consider that there are no llterial uncertainties about tbe chily'S ability to continue as a go'ing conct17J lloT any significant areas of iincertainty that affect the trying value of assets held by the chgkrity. Income and endowments All tncome is recognised once the charity has eiitit]¢ment to the income, it is probable that the inoome will be received aTkd the amount of the income receivable can be measured reliably. Ilonations and lÉgact6s Donations are recognised when the charity has been notifJ¢d ill writing of both the amount and Settlement date. In the event that a donation is subject to conditions that require a level of perforniance by the charity before the charity is entitled to the funds, the Ancome is deferred and not recognised until eitlier those condÈtions are fijlly Jne¢ or the fulfLiment of those conditions is wholly within the control of the charity and it is probable that these conditions will be lfIlled in the reporting period. Pag¢ 8
Rathfern Communitv Regeneration Group Notes to the Financial Statemellts for the Year Ended 31 March 2024 Grants pecéivable Grants ale recoonised when the charxty has an entitlement to tbe filnds and ally conditions linked to the grants have been met. NVheTe perfornwice conditions are attached to the grant and are yet to be met, the kncorne is recognised as a liability and included on the balance sheet as defeed income to be released. Expendkture All expenditure is recognised once there is a legaL or constructive obli£ation to tknat expeJJditure, it is probable s¢ttlement is required alld the amount cxn be measuttd reliably. All costs &re allocated t'o tlie applicable expenditure heading that aggregate similar Costs to th2t category. Where costs carmot be directly attributed to particidar headings they luve been alloeated on a basis consistent with the use of resources, with central staff costs allocated on the basis of tin]e spent, aud depreciatton charges allocated on the portion of the asset's use. Other support costs aTe allocated based on the spre2d of staff costs. Charitable activiÉigs CkLarit2ble expellditui'e comprises those costs incutted by the ch&rity iii the deliVY of its activities and services for its beneficiaries. It includes botli costs that can be allocated directly to such activities and tliose costg of indirect nature necessary to sllpport thenL Support costs Suppoit costs include central functions 2nd have been allocated to actsvity ¢OSt categories on a basis consistent ith the use 0£ iesources, for example, allocating property costs by floor areas, or per capit4 staff costs by the tiTne spent and other costs by their usage. Governance costs These include the costs attributsble to the charity's compliance with constitutional and statutory requ£r¢ments, including audil strategi¢ nwjagement and trnstees meetings and rtimbursed expenses. GOVernellt grants Government gntS are recognised based on the acctual model and are Eneasured at Ihe fair value of the asset received or receivable. Grants are classified as relating either to reveniie or to assets. Grants re12ting to revenue are reco.<ynised in illcome over the period in which the related costs are recognisea. Grants reliting to assets are recognised over the expected usefiil life of the asset. Nvhere part of a grant relating to 8L Sel is deferred, it is recognised as deferred income. Taxation The chaiity is considered to pass the tests set out in Parag¥aph I Schedule 6 of the Finance Act 2010 &nd therefore it meets the defknition of a Chitable ¢on]pany for UK corporation t&Y puryoses. Accordinoly, th charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Cliaptw 3 Part I l of the Corpontion Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable puryoses. Tangible fixed assets Individual fixed asstts costing £0.00 or more are initially recorded at cost, less any subsequent ac¢umu]ated depreciation and subsequent accumulated Ampainnent losses. Page 9
Rathfern Community Regeneration Group Notes to the Financial Ststements for the Year Ended 31 March 2024 Depreagtion 2uAd atnortxsation Depreciation is Provided oll tangible fixed 2ssets so as to write off the cost or valuation. less any estimated residual value, over their expected useful economic life as follows.. Trade debtors Trade debtors are amounts due from custorners for merchandise sold or serwuces perfomied in the ordinary course of business. Tiade debtors are recognised initially at the transaction price. They are subsequelltly ineasuTed at amortised cost usino the effective interest method, less provision for impairnieiit. A provision for the Èwp2irnient of trade debtors is estsblished when theTe Ès objective evidence that the cliarity will not be able to collect all 8mowits dlle according to the original tenns of the receivables. Cash and cash equivalents Cash alld cash equivalents comprise cash on hand and call deposits, and other short-tenj highly qUid illvestents that are ie2dily convertible to & known amount of cash and are subject to an insignificaut risk of chauge Ill value. Trade creditors Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary ¢owse of busin¢ss suppliers. Accounts payable are classified as cUent liabilities if the charity does not have an unconditional righi at the end of tlie reporting period, to defei settlement of the creditor for at least tw¢lve months aft¢r the reporting dite. If there is Imconditional right to defer settlement for at Least twelve months after the reporting date, they are presented as non-cun'ent lÉabilities. Trade creditOTS are xecognised initially at the transaction price and siibsequently measured at amothsed cost using the effective intexest method. Borrowings Inteiest-bearing borrovjirngs are initially recoTded at fa3x value. net of transaction costs. Iuterest-bearing bOowing8 are subsequ¢utly carried at amortised cosL with the di'fference betweeii the proceeds, net of ti'ans8Ction costs, and the arnount due on redethption being recognised as a charge to the Stst¢ent of Fiivmcial Activities over the period of the relevant borroviing. Interesl. expense is recOlsea on tb¢ basis of tELe effective Interest method and is iiicluded in interest pay8ble and SRmilllr ChgeS. Borrowin8s are classified as currcnt li2bilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Page 10
Rathfern Community Regeneration Group Notes to the Fillaneial Statements for the Year Ended 31 March 2024 Foreign exchange Trans2etions in foreigll cnrrencies are recorded at the rate of excbange at the date of the transaction. Monetary assets and liabilities denominated in foreign cencieS at Lhe balance sheet date are rtported aL the rates of exchange prevailing at that date. Th¢ Tesu]ts 0£ overseas opeTations are trgnslated at the average rates of exchange during the perlod and their balance sheets at the rates rnling at the balance sheet date. Exchange dif£erences arising on translal'ion of the opening net assets and resiiltg of overseas operations are reported in other cOprehenSive income and aceumulated in equity (attributed to non-controlling interests as appropriate). Otber excliange differences are recognised in the Statement of Finaneial Activities in the period in which they arise except for.. l) exchange differences on transactions elltered into to hedtse certain foreign currency risks (see above). 2) exchange dif£erences arisinE on gains or losses on llon-monetary itins which are recognised in other comprehensive income. and 3) in the case of the consolidated fmancial statements, ex¢h2nge differences on moiietary itents receiv&ble froEn or payable to a foieign operation for which stttlem¢ut is neither planned nor likely to o¢cur (therefore forming part of the net invtstn]ent in the foreign opeiation), which are recogll-ised lli olher comprehensive incone and reporte(L under equity. Fund structure uestricted income fLmds are geAernl funds that are available for use at the trustees discretion in fiu&er&llce of the objectives of the charity. Restricted illcom¢ fullds are those donated for use in a particular area or foi specific puqjoses, t¢ use of which is restricted to that area or puo$c. Penslons and other post retirement oblitr2tions The charity operates a defined contiibutiou pension s¢heD]e which is a pension plan under which fixed contrxbutions are paid into a pension fiLnd aud the charity has no legal or constructive oblioatkon to pay further contributions even if the fund does not hold sufficient assets to pay all employees the btnefits relating to employte service in the current and prior p¢riods. Contributkons to defined contribution plans are recoonised the Statement of Financial Activitics when they are due. If contribution payments exceed the contribution due for service, the excess is recOlS£d as a prepayment. Pagell
Rathfern Community Regeneration Group Notes to the Fin2ncial Statements for the Year Ended 31 March 2024 3 Income from donations and legxexes Unrestricted funds Gener21 Restrieted funds Total funds Donations and letsacies. Donations from companies. trusts and SiTnilar proceeds Grants, including capital grants" Gov¢Llent grants 500 500 158,870 158.870 Totsl for 2024 500 158,870 159,370 Total for 2023 103,753 103,753 4 Income from ehlritable aetivitieg Unrestj'ieted fllnds Gener21 Tot funds Rent from use of centre Tuck Shop income 47,812 760 47,812 760 Total for 2024 48,572 48,572 Total for 2023 25,703 25,703 5 Expendxture on eharitable aetivities Unrestricted nds General Restrlleted funds Total funds Charitsbl¢ Activities Alloc&ted Support Costs Staff Costs 78,206 8,887 85,256 78,206 19,604 85,256 10,717 Total for 2024 10,717 172,349 183,066 Total for 2023 4,163 154,888 159.051 In addition to the expendIre analysed above, there are also gOVernCe costs of £1,800 (2023 - £1,638) which relate directly to charitable activities. See note 6 for fvrther detls. Page 12
Rathfern Community Regeneration Group Notes to the Financial Statements for the Year Ended 31 March 2024 6 An21ysfis of governance and support costs Governance costs Restrieted funds Total funds Independent examiner fees Bxamination of the financial statements 1,800 1,800 Total for 2024 1,800 1,800 Total for 2023 1,638 1,638 7 Net incomlngloutgoing resourtes Net incomin£l(outooing) re8OLirces for the year include.. 2024 2023 Operating leases - plant and n]acbinery Depreciation of fixed assets 468 4,075 716 4,740 8 Trustees remuneration 2nd expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trnstees have received any rellnburstd expenses or any other benefits from the ¢h2rity dryng the year. 9 Staff costs The aggregate payroll costs were as follows: 2024 2023 Staff costs durAng the year were: Wages and salaries Pension costs 84,490 766 52,867 468 53,335 The monthly average number of persons (inclllding senior managernent / leadership team) employed by the chatity during the year expressed as 11 time equivalents was as follows: 2024 2023 Number of staff - Projects Nuxnber of staff - Pren]ises Page 13
Rathfern Community Regeneration Group Notes to the Financial Statements for the Year Ended 31 March 2024 No employee received emolun]ents of more thatt £60,000 during the year. 10 Independent examiner's remuneration 2024 2023 Examination of the financial statement6 1,800 1,638 I l Taxation The charity is a registered clwity and is tELeTefoIe exempt from taxation. 12 Tangible fixed assets Furniture and equipmellt Computer equipment Tota] Cost At l April 2023 41,610 2,363 43,973 At 31 m¢ 2024 41,610 2.363 43,973 Depreeiation At l April 2023 Charge for the year 6,424 3,726 1,313 350 7,737 4,076 At 31 M8rcli 2024 10,150 1,663 11,813 Tr4et book value AÉ 31 Mar¢li 2024 31,460 700 32,160 At 31 M2rch 202) 35,186 1,050 36,236 13 Debtors 2024 Trade debtors 1,251 14 Cash and cash equivalents 2024 2023 Cash L)n hand Cash at bank 599 69,480 215 41,801 70,079 Pa(ye 14
R2thfern Community Regeneration Group Notes to the Financial Statements for the Year Ended 31 March 2024 li Creditors: amounts fallinu due withln one year 2024 2023 Bank overdrafts Trade creditors Other taxation and social security Accrnals 1,008 1,127 337 1,803 1,367 (905) 1,651 4,275 2,113 Page 15
Rathfern Community Regeneration Group Notes to the Financial Statements for the Year Ended 31 March 2024 16 Fullds Balance at i April 2023 Ineomillg resourees Resources expended Balance at 31 March 2024 Unrestrieted funds General 31,441 49,072 (10,717) (174,149) 69.796 Restrieted funds 44,698 158,870 29,419 Total funds 76,139 207,942 (184.866) 99,215 Balance at I AprAI 2022 Xncoming resourees Resources expended B21ance 2t 31 M2reh 2023 Unrestricted funds General 9,901 25,703 {4,163) 31,441 Restricted fuuds 97,471 103,753 (156,526) 44,698 Total funds 107,372 129.456 (160,689) 76,139 Page 16
Rathfern Communitv Regeneration Group Notes to the FAnancial Statements for the Year Ended 31 March 2024 17 Analysis of net assets between funds Unrestricted funds General Total fiinds at 31 M2rch 2024 Restricted funds Tangible fixed assets Current assets CUent liabilities 1,733 71,330 (3,267) 30,427 32.160 71,330 (4,275) (1,008) Total net assets 69,796 29,419 99,215 Unrestrieted funds Genoral Total funds It 31 MArch 2023 Restrieted fullds Tangible fLxed assets Current assets Current liabilities 2,428 31,126 (2.113) 33,808 10.890 36,236 42,016 (2,113) Totxl net assets 31,441 44,698 76,139 18 Related p2rty transactions There were no rtlated party transactions the yeaT. Page 17