CoiJpany le￿stratiOn number.. N1660274
Chaiity registration number: 107372
Rathfem Community Regeneration Group
{A company limited by guanmtee)
Annual Report and Financial StateM￿ts
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
I￿S 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 EX￿iller
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 COn￿lun1ty. 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 progE￿Tllne.
Page 2

R2thfern Community Regeneration Group
Trustees, Report
Achievements and performarAce
Durtng the p￿t 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 milli￿llm. 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
c￿011ne, 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 tI￿Oll￿ 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 sU￿lUS 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 hono￿ed 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. Jac￿11 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
m￿vellOuS 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 t￿￿tteS 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 Ch￿￿tieS 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 acCol￿tS 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 D￿tterS 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/(expendltt￿e)
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 inc0￿e
25,703
103,753
129,456
Expenditure on:
ch￿Itable 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
Tn￿tee
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 f￿anCIal statements hive been prepaTed in accordance with Accounting and Reporting by Chaiities..
Statement of Recoi]llnended Practice {applicablt to Charities prep￿Illg 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 CoMps￿leS 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 ll￿terial uncertainties about tbe ch￿ily'S ability to continue as a go'ing
conct17J lloT any significant areas of iincertainty that affect the t￿rying 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 defe￿ed 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 deliV￿Y 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.
GOVern￿ellt grants
Government g￿ntS 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 Ch￿itable ¢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
illvest￿ents 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 cU￿ent 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
bO￿owing8 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 recO￿lsea on tb¢ basis of tELe effective Interest method and is iiicluded in interest pay8ble
and SRmilllr Ch￿geS.
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 c￿￿encieS 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 cO￿prehenSive 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
u￿estricted 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 pu￿o$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 recO￿lS£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¢Ll￿￿ent 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 expendI￿re analysed above, there are also gOVern￿Ce costs of £1,800 (2023 - £1,638) which
relate directly to charitable activities. See note 6 for fvrther det￿ls.
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 d￿ryng 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
CU￿ent 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