Cornpany registration number.. N1660274 Charity registration number.. L07372 Rathfern Community Regeneration Group (A company limited by 8U8raatee) Anniial Report and Financial Statements for the Year Ended 31 March 2025 TB Millar & Co Independent Examiner 6 Doagh Road Ballycl&re Co Antrim BT39 9BG
Rathfern Community Regeueration Group Contellts Reference and AdInistratIve Details 2to4 Ttees, Report Independent ExaiDiner's Repoit Statement of Firtancial Activities BalarAce Sheet i Notes to the Financial Statements 8t017
Rathfern Commllnity Regeneration Group Reference and Administrative Details Trustees Ms Arjna Bond Mr Alan Crawford Mr George Hill Mr John Mecleave Ms Stephanie Mewha Ms Gladys Ma(yuire Ms Kathy Godfrey Ms Dineen Walker Mr Thomas Kirklwn Secretary Charity Re<Jxstration f*umber 107372 Company Re,stratIOll Number N1660274 The charity ks Ancorporated in Northem Ireland. 43 Knockenagh Aveniie Newtowmabbey Co Antri BT36 6BE Principal Offlee Indepeudeut Examiner TB Millar & Co Jndependent Exatlliner 6 Doagh Road BallyclaTe Co Antri BT39 9BG Page I
Rathfern Community Regeneration Group Trustees, Report The trnstees, who are directors for the PLUFOS¢S of Company law, present tkn armual report together with the finclaI statements and auditors, report of the charitable company for the year ended 31 March 2025. Objectives and 3¢tivities Objects und aiFAs The charity's objective is that all residents living in the Macedon ward of Nethrtownabbey enjoy a high of lifq are able to ',achieve their economic, social and educational goals. and Ire part of a strong, prosperous and caring coft)munity. In order to achieve its objectives the charity aims to: -manage a community building which provides higkn quality facaities and a Tange of a¢tiVlties which are accessible to tkle local conununity -continuoiisly develop and llpd&te the building to meet the chan£ing needs of the useis -develop activities that illcrease participation in civic life including opportunities for self-developm¢nL volunteering and involvement in loc decision-making. Public bénefit The charity hasi added value by increasing the quality of life for residents in Ratbfcm. It has developed a master plan for the arex as a whole Working with the community tIOugh ¢omtnllnity consultstion and public meetings. Programmes ar.e which develop employabiliry skills, bukld social ¢ohesion, improve the general area and ernpower those living in the area to create a better environment in which to live. The centre is becoTning the foeal point foT', community a¢tivities and is used by a wide range of users and statutory bodies. Antrim and Newtownabbey BorDuJtr Council contributes to the runnkng costs of ntw and existing coulln]Jnity projects iu line with Countil's Community Development grant aid prOgra[ne. Aehievements.. 2nd performance Our youth proj;ect was high on the agenda each montti in order to work the young people for programmes, outin£s and th¢ Summer Scheme. Some staffin£ issues were raised and were monitored aud manaoed by the Manag¢r. We also lost a long-time iiser Royal Tara Irish Dance A¢aden)y who no longer had younts people from this area alld diought it best that they relocatcd to other area they had lots of clllldren registered with tbem. Our manager sought approval to work with the Local CoTnmunity Fund to rtprofile an underspend into a new post of Youth Development Officer as the current evaluation suggested this was the way forward for the entire youth proall)me. The proposals were agreed to with the Local Conllnunity Fund and the new position was filled in September 2024. During tbe tvaluaiion process we had a nun]beY of staffing matters to resolve which meant additional hours for some staff and additional responsibiliti¢s with $ary increases for otbers. Our Summer scherue was a great success again and our Halloween event raised £626 for a youth club trip to the World War Ohe Battlefields pl&nlled for 2026. To date the young people and Staff have raAsed a total £3,630 towards their trip. With the Neiv Year 2025 came L range of new Priorities which included more youth club activities, better engagement Oith the PSNI and otber youth groups in the Antrim and NeThrtownabb¢y areas. We had a whole list of stonn dam¥ges that need fed and we then set a time scale of E&8ter time 2025 to have all this WDrk carried out by the Council, locaL contractors, staff members and volunteers. Recently we assisted the formation of some new groups, The Silver Sovereigns Senior Citizens group, The Cloughfem Women's Group and the Rathfern Mothers and Toddlers Group who all n]eet at (tifferent times in the Centre and growing Èach week. Due to 2dditA9nal workloads for all Tnembers 0£ staff, the Board and other StFrff members agreed to help out by mat)nints the ieception, to allow Leeallne and Marilyn to prepare the end of year accounts and cary out the paperwork rloiired for: The local eommunity Fund, Antrim and Newtownabbey BorouoJ] Council and the Education Authority who have 211 awarded grant to the project. Page 2
Rathfern Com]nunity Regener2tion Group Trustees, Report Financial revi¢1¥ The Club had a sUlUS of £7,154 (2024 sujplus of £23,076). Net assets totalled £L06,369 (2024 £99,215). P12ns for futurè periods Atms and key objÈctivesforfuluré p6ri0ds To Work with tri xnd Newtovonabbey Borough Council to see the iev8mp of our Outdoor Play area which needs some attention due to over use, 8$ it gets used every day by the PlaygtOUP IEL the mornings, by & series of Child Minders iri the afternoons and young people from te local area in the l2te aftemoons and evenings, seven days a week. ive have lobbied for this over the past four years and according to elected meAnbers, the contractors will,'be onsite within the next month. We have also requested that the under ed outdoor gyn in the estate be relocated to the park beside the pond, this is a good recycling objective as Council &Te no longer providing outdoor gym equipjnent and Jnay bling other gvm equipment to our location, which 2llows parents to use the equipmdnt whilst their children are at the play park. Rathfern Comni, unity Regeneration Group are very keen to set up a working Joup to illclude representatives from Council, the Belfast Hills, the Woodland Trust and ourselves to work on 8 nwiagement 2nd impiovement plan for Callmi'oney Hill. This plan may include a number of History Points being establiskked on the Hill to provide oral history via mobile phones as part of the Peace Plus Progrnmme. number of fiaIng 2ppli¢ations have been identified fox later tbis Ye to assist us with projects and programmes. to do the work our manager has a dedicated team of staff members identified to include soiircing the inforniation,: required to making tbe applications. BuALdings and ground maintenance will Continlle as a priority as we pride oiirselves and Council as one of the jewels in tILe Comtnunity Development crown in the Borough of Antrin & Newtownabbey but it needs constant attention and obgervation to keep it in tbe way we want. We have identi:fied th¢ need for another building out the bick 25metres long x 12metres wide by 3metres ljigh and have sent z request into Coimcll which can allow us to proceed in piinciple due to the fa¢t th2t we now have oiir SLte landlocked by tbe boundaries of Fernlea LaTLe at the rear, the sooial housing on the rioht, Èbe ponds on the left and our buildillg at the front. This building will be capible of providing soccer, badminton, archery and hockey and will allow us to take these activities out of the main complex, freeillcF up additional space and creatin¢y additi'onal revenue. It will also allow the youth club to expand into additional nights for youth piovision. Ive at the very start of this proposal and will be talking to potsntial fi]nders after April 2025. This brings me to the very last priority but probably the most important, ToMY Kirkhatn our manager and mentor will b<, retiring this year, Tomtny had the foresigbt to start Rathfern Con]munity Regeneration Group in 2012 and secure the old community eelltre which has since had a niunbtr of phases, which include two extensions and the devtlopment 0£ the greett space at the rear of the conjplex which is renoyned in Antrim and Newtownabbey within tILe Community Development sector. We now need to identify and secure a new manager cwable of fillLng that position, we had hoped that Tommy would not leave us entirely but maybe assist us with overseeing fiLnaing applications and eontinuing his position on the Board as Company Secretary but after thity-two yeats in Comrnunity Development 2nd a niimber of years as An elected representative he is more than entitled to hair.e a break. As a frieud and the Chairman of Rathfern Community Reoeneration Group I want to thank him on behalf of tbe Board of Directors. Small companies provision statement This report been prepared in accordance with the small companies r6gime under the Comp8nies Act 2006. Page 3
R2thfern Community Regeneration Group Trustees, Report The annual report was approved by the tnistees of the charity on 23 June 2025 2nd signed on its behalf by.. Mr George Hill Trustee Page 4
Rathfern Community Regeneration Croup Independent Examiner's Report to the trustees of Rathfern Community Regeneration Group ('the Comp2ny') I report to the charity tntteS on my examination of the accounts 0£ Ébe Comp&ay for the year ended 31 March 2025. Responsibilities, 2nd basis of report As the charity'g trustees of the Company (And also its dixectors for the puryoses of ttotnpany law) you are responsible for the preparatioll of the accounts in accordance with the requirements of the Ch&Tkties Act (Northeill Ire1id) 2008 ('the 2008 Act,) and the Companies Act 2006 ('the 2006 Act,). You are satisfked that the accounts of the Company are not required by charity or company law to be audited and have chosen instead to have an indep,endellt examination. Having satisfied xnyself that the accounts of the Coznpally 8re not required to be audited under Part 16 of the 2006 Act and are eligible for independent exallLination, I report in respect of my examinatioa of your charity's aceounts as carried out under section 65 of the 2008 Act and section 145 of the Charities Act 2011 ('the 2011 Act.). In carrying out my examination I have followed the Directions given by the Charity Conunission for Nortbern IreL3nd under section 65(9)(b) of the 2008 act and the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement I have complettd my examination. I conf]nn that no matters have conLe to my atteution in connectlon with the examination giving me cause to believe.. accounting records were not kept in respect of Rathfem Cornmunity Regeneration Group as requiied by section 386 of the 2006 ACL or 2. the iccoiints do not accord with those records. or 3. the accouots do not coniply with the accounting requirernents of section 396 of the 2006 Act other th8n any requirement that the accounts give a 'trne and fair view, which is not a matter considered as part of an independènt examination. or 4. the accoiints have not been prepared in accordance with the methods and priticiples of Lbe Ststemeut of Recotrunènded Practice for accollnting and repoTting by charities [applicable to chatities preparing their accounts: iti accordance with the Financial Reporting StAndd applicable in the UK 2nd Republic of Ireland IFRS 102)]. I have no concerns and have come across no other matteTh ill connection with the examination to whi¢h attention should be draNiw in this report in order to enable a proper understanding of the accounts to be reached. Mil F,CA en t Exatniner Chartered Accountants Ireland 6 Doagb Road Ballyclare Co Antri BT39 9BG I 23 June 2025,, Page 5
Rathfern Community Regener2tion Group St2tement of Financial ActAVities for the Year Ended 31 March 2025 (Ineludillg Income and Expenditure Account And Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Tot21 2025 Plote Income and En'dowments fyom: Donations alld legacies ChaLitable activities 1,160 51,163 L45,156 146,316 51,163 Total incorne 52,323 145,156 197.479 xpenditure on: Charitable activities (17.779) {172,546) (172,546 (27.390) (190,325) Total expellditte Net incomel(expenditure) Net movement an fimds Reconeiliationi of fullds Total funds briiught forward Total funts caITied forward (17,779) (190,325) 7,154 34,544 34,544 (27,390) 7,154 69,796 29,419 99,21) 106,369 Tot21 2024 16 104,340 Unrestricted funds 2,029 Restrieted fwlds Note Income And Lndowments from: Donations and'.legacies Charitable actilaties 500 48,572 158,870 159.370 48,572 Tota] ifL¢ome 49,072 158,870 207,942 Expenditure on: Charitable acti,vities (10,71D (174,149) 174,149) (184,866) (184,866) 23,076 Total expenditLwe Net incomel(tkpenditur¢) Net movemtnr in funds (10,7L7) 38,355 (15,279 38,355 (15,279) 23,076 Reconcilkation of funds Total funds br:ought forward Total fLaS caled forwaTd 31,441 44.698 76.139 16 69,796 29,419 99.215 All of the charity's activities derive from continuing operations during the above two periods. The funds br¢'akdown for 2024 is shown Rn not¢ 16. The notes on pages 8 to 17 forLn an integral part of these fll]ancial statements. Page 6
R2thfern Community Regeneration Group (Registration nllmber: N1660274) Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible assets 12 31,190 32,160 Current assets: Debtors Cash atbauk axid in hand 13 14 1,633 79,610 81,243 1,251 69,071 70,322 Creditors: Amounts falling due Ivithxn one year Net eurrent aet5 15 (6,064) (3,267) 67,Q55 75,179 106,369 99,215 Net assets Funds of the obarity: Restricted Income funds Restricted funds 2,029 29,419 Unrestricted income funds UDttstricted fixnds 104,340 69,796 99,215 Totsl fuuds 16 106,369 For the financial year ending 31 March 2025 tlLe clwity was entttled to exejnption from audit under section 477 of the Compariies A¢t 2006 relatino to srnall companies. Directors, res,0sIbIlItie5- The members have not 16quired the chaTity to obtain an audit of its accounts for the year in question in accordanc¢ with section 476; and The directors acknowledoe their iesponsibilities for ¢omplying vjith the requireuients of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subject to tbe,small COMp2]eS regime within Part 15 of the Companies Act 2006. The financial statements on pages 6 to 17 were approved by the tntfjeS, and authorised for issue on 23 June 2025 2nd sigoed on their behalf by.. Ms Anna Bond YThte Mr Geortre Hill Tnte¢ The notes ott pages 8 to 17 folln &n Inte8] part of these financial statemellts. Page 7
Rathfern Community Regeneration Grollp Notes to the Financial St2tements for the Year Ended 31 March 2025 I Charity Status The charity is limited by oiiarantee, incory)orated in Northem Ireland, and consequently does not have share capital. Each of the trustees is liable to contribute an amoitht not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is: 43 Knock¢nagh',Avenue NewtONabby. Co Antrim BT36 6BE These financial statements were autborised for issue by the trustees oll 23 Sune 2025. 2 Aceountlng policies Surnmary of significant accounting polities and key accounting estitnates The principal accounting policies applied in the preparation of tbtse financial statetnents sr¢ set out below. These policies have been Consistently applied to all the years presentel unless otherwise stated. Statement of ¢oJnpliance The financial ',ststements have been prepared in accordance with Accounting and Reporting by Charities". Statement of Recommended Pr8Ctice (applicable to charities preparing their accounts in accordwce with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)) (issued in October 20L9) - (Charities SORP (FRS 102)), tbe Financial Reporting St&ndard applicable IJ the UK and Republic of Ireland (FRS 102) andi the Companies Act 2006. Basis of preparation Rathfern Comtnunity Regeneration Group zneets the defmition of a public benefit entity ullder FRS 102. Assets and liabilities. xre initially recognised at historical cost or transaction value unless othen4ryse stated in the relevant a¢counting policy notes. Going eoneern The trnstees qonsider that there are no matenal uncertainties &bout the charlty's ability to continue as a going concern nor wy significant areas of uncertainty that affect the caTrying value of assets held by the ch&rity. Income 2nd endowments All income is. recognised once the charity has entitlement to the income, it is probable tbat the income WAII b¢ received alld the amount of the income receivable Can be measured reliably. Ilonations arid legacies Donations are recognised wben the charity has been notified in writing of both the amount and settlement date. In the event tbat a donation is subjeet to conthtions that require a level of perforni&nce by the charity before tbe chlty AS entitled tcl the thnds, the income is deferred and not recognised until either tbose condilions are fidly meL or the fulfilment of those conditions is wholly within the control of the charity and it is probable that tbese conditions will be fulfilled in the reporting period. Page 8
Rathfern Community Regeneratloll Group Notes to the Financial Statements for the Year Ended 31 March 2025 Grunts Yeceivabie Grants are recognised when the charity has an entitkejnent to the fimds and any conditions linked to the grants have been meL Where perfornLance ¢onditions are attached to the allt and aTe yet to be meL the income is r¢coEnised as a liability and included on the balance sheet as deferred income to be released. Expendxture All expenditure'.is recogniged once there is a legal or constructive obligation to that expenditure, it is probable settlement is roqiured and the atnount c&n be measured reliably. All costs are allocated to the applicable expenditure heading tbat agwgate sirnilar costs to that cateuory. Where costs catyjot be directly attribiited to particulaT headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of ts.me spent, aTJd depreciation ckwges allocated on the portion of tbe asset's use. Other siippoit ct)sts are allocated based on the spread of stsff costs. Charilable adztsiligs Charitsble expenditure comprises those costs incunrd by tbe ch&rity in the delivery of its activities and services for its beneficiqries. It incliides both costs that can be &llocated directly to such aotlvities and those costs of au indirect natUTe necessary to siipport thetn. Sllpport Costs Support costs iEicliide central fijnctions and have been allocat¢d to activity cost categories on & basis consistent [ resources. for example, allocating propety costs by floor areas, or peI capita, staff costs by the with the use o . time spent and,'oth¢r costs by their usage. Governance costs These include the ¢osts attributable to the charity's compliance with constitutional and statutory requirements, including audil strategic m&nagenJezkt and tsustees meetings and reimbursed expenses. Government 8rants Government £rants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. GraDts are classified as relating eitber to revenue OT to assets. Grants relating to revenue e recognised in illcome over the period in which the related costs are reCogsed. Grants relating to assets are reoognised over the expected USefi life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income. Tax*tio The charity is consideTed to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 &lld therefore it Jrieets the definition of a charitable company for UK corporation tax purposes. Accordkngly, the clkarity is pote. ntially exempt from taxation in respect of incorne or capital gains received within Categories covered by CbapttT 3 Part I l of the COOration Tax Act 2010 or Section 256 of the Taxation of Charge&ble Gains Aet 1992, to the extent that such income or gains are applied exclusively to charitable pUOSe$. Tangible fixed assets Individual fixea assets Costing £0.00 or more are initially recorded at Cogt, less ally subsequent accutnulated depTecitLtion &Dd subsequent accutnulated impairnient losses. Page 9
Rathfern Community Regeneration Group Notes to the Financial Statements for the Year Ended 31 March 2025 Depreciation 2n'd amortAs*tion Depreciatkon is provided oll tangible fixed assets so as to write off the Cost or Valuatio less any estimated residual value, otrer thcir expected useful ecouonic life as follows: Trade debtors Trade debtors are amounts due from customers for rllerchandise sold or services perforn]ed in the ordinary coutse of business. Trade debtors ar.e reeognised initially at the transaction price. They are subsequently measured at amortised Cost usin(s the effective interest Method, less provision for impaillnent. A provision for the impa5ment of trade debtors is establlshed when there is objectRve evidence that the charity will not be able to collect all arnoLUts due a¢¢ording to th4 orioinal tenns of the receivables. Cash 2nd e2sh,'equivalents Cash and cash equivalents Comprise cash on hand and call deposits, and other short-teTrn highly liquid investments that readily cOnertIble to a lfflown &Ollt of cash and are subject to an insignificant risk of change in value. Tride eredxto Trade ¢reditors,: are obligations to pay for goods or setvices that have been acquired iu the ordinary course of business from SPpliers. Accounts payable are classified as ¢llent liabilities if the clwity does not hxve an lcOndItiOnal iighl at the end of the reporting period, to defer settlemernt of the creditOT for at least ttvelve months after the reporting date. If there is &n unconditional right to defer settlem¢xLt for at least twelve montbs after the reporting date, they are pttsented as non-cullent liabilities. Trade creditors are recognAsed initially at the tr2nsaction price and subsequently measured at amortised cost usillo the effective ioterest method. Borrowings llterest-be1ttg borrowings are initially recorded at fair value, net of transaction Sts. Interest-bearing boxowings are subsequently caTried at amortised cost, with the difference between the proceeds, net of trans2etion costs, and the amount due on redemption being recognised as a charge to the Staternent of Fin&ncial Activiti over the period of the relevant bottowing. Interest expenÈe is recognised on the basis of the effective interest metbod and is included in interest payable alld similar charges. Borrowings arie classified as ¢urreni li3biliti¢S unless the Charity has an unconditional right to defer settlement of the liability for at least trwelve months after the reporting date. Page 10
R2thfern CommllXLity Regeneratiou Group Notes to the FRnaDcial Statemeuts for the Year Ended 31 March 2025 Foreign exehan¥e Trnnsactions in foreign currencies are r¢coTded at the rate of exchange at the date of the transaction. Monetary assets and liabil'.itRes denominated in foreign currencies at the balance sheet date are reported at the rates of exchange preVlIllg at that date. The results of overseas operations are trallsl&ted at the average rat¢s of exchange during pericFd and their b8l&Dce sheets at the rates nIng at the bal8llce sheet date. Exchan(re differences arising oll transkation of the opening net assets kd results of overseas operations are reported in other comprehensive income and accumulated in equity (attributed to noll-controllino inteTests as appropriate). Other exckLantse.: differences are recognised in the Statemeut of Financial Activities in tkne period in ivbich they arise except for: l) exchange differences on transactions entered into to bedge certain foreign currency risks (see above)" 2) exchange d£ffeien¢es axising on gains or losses on non-tnonetary items wbich are recognised in other comprehensive iincome" and 3) in the case of the consolidated financial st2tements, exchange diffeiences oll monetary Items receivable from or payable to a.. foreign operxtion for which settlement is neither planned nor likely to occur (therefore forming part of the ntt Investment ill the foreign operation), which are reco£nised in other ¢omprehensive iucome znd reported under £qiuty. Fund structure Unrestricted iniome lldS are gener81 fjjnds that available for use at the tJJstees discretion in furtheranc¢ of the objectives of the clwity. Restricted illcoine funds are those donated for use in a parÉicular area or for specifi¢ purposes, the use of which is restricted to that area or purpose. Pensions and other post retirement obli02tions The Chlty operates a defed eontribution pension scheme which is a pension plan under which fLxed contributions are patd into a pension fimd and the ¢barity has no legal or constructive obligation to p&y further contributions even 1£ the lld does not hold sutTicient assets to pay all eJnpLoyees the benefits relating to employee service in the current and prior periods. Contributions jo defined contribution plans are recognised in tbe Statement of Ftnancial Activities when they are due. If contrkbution payments exceed the contribution due for service, the excess is recognised as a prepayment. Pagell
R2thfern Community Regeneratioll Group Notes to the Financi21 Statements for Éhe ye EDded 31 March 2025 3 Income from don2tions and legacies Unrestricted funds General Restricted funds Tot fun(is Donations and lègacies- Donations from companies, trnts alld similar proceeds Grants, includints cipital grants. Government grants Total for 2025 1,160 1,160 145,156 145,1 $6 146,316 159,370 1,160 145,156 Total for 2024 :, 500 158,870 4 Income froln charitable activities Uurestrieted funds General Total funds Rent from ust of eentre Tuck Shop income 46,850 4,313 51,163 46,850 4,313 51,163 Total for 2025,, Tot21 for 2024, 48,572 48,572 5 Expenditure on charitable 2etAvities Ullrestricted funds General Restricted funds Total funds Charitable Activities Allocated Support Costs Staff Costs 64,853 8,986 96,817 170,656 64,853 26,765 96,817 17,779 188,435 Totax for 2025 17,779 Total for 202d 10,717 172,349 183,066 Ln addition to the expendItte anaiysed above, tILere are also governallce costs of £1,890 (2024 - £1,800) which ielate directly, to ch2ritable activiti¢s. See note 6 for further detsils. Page 12
Rathfern Community Regeneration Group Notes to the Fillancial Statements for the Year Ended 31 March 2025 6 AnaLysis of governance and support costs Governance eosts Restricted lunds Tot funds Independent examiner fees Examination tif tbe financial statements 1.890 1,890 1,890 Tot81 for 2025 1,890 1,800 Total for 2024 :, 1.800 7 Trlet ineomiiigloutgoing resources Net incoming resources foT the year include: 2025 2024 Operating leasqs - plant and machinery Depreciation 0£ fixed assets 468 4.816 468 4,075 8 Trustees remuneration and expeDses No trustees, nor any persons cotmected with them, have received ally remuneration from the charity during tbe year. No trustes have received any reimbursed expenses or any other benefits from the charity during the ye&r. 9 Staff costs,, The aggregate payroll costs were as follows.. 2025 2024 Staff tosts during the year were: Wages and s2Laries Pension costs 96,124 694 84,490 766 96,818 85,256 Th¢ Tnonthly ',average number of persons (including senior management I leadership tearn) etnployed by the charity during the year expressed as fvll time equtvalents was as follows: 2025 2024 Number of staff - Projects Number of staff - Premises Pa(re 13
Rathfern ComTJ]unity Regeneration Group Noles to the Financial Statements for the Year Ended 31 March 2025 No etnployte received emoluments of more tban £60,000 duing tl]e year. 10 Independent examiner's remuneration 2025 2024 1,890 1,800 Examination of the financial statements 11 Tax2tAon The charity is airegistered charity and is therefore exempt from tatiOll. 12 Tangible fixed assets Furniture eqlliPllAent Computer equipment Total Cost At l April 2024 Additions 41.610 2,363 3,846 43,973 3,846 At 31 March 2025 41,610 6,209 47,819 Depreciation At l April 2024 Charge for the year At 31 March 2025 10,150 3,301 1,663 1,515 11,813 4,816 13,451 3,178 16,629 Net book value At 31 March 2025 28,159 3,031 31,190 31,460 700 32,160 At 31 March 2024 13 Debtors 2025 2024 1,633 1,251 Trade debtors 14 Cash and Cash eqllivalents 2025 2024 C2sh on hand Cash at bank,. 1,130 78,480 79,610 599 68,472 69,071 Page 14
Rathfern Community Regeneratson Group Notes to the Financial St2tements for the Year Ended 31 March 2025 15 Creditors: 2mounts falling due Ivitljin one year 2025 2024 1,127 337 Trade creditors Other taxation aud 80CA21 security Otkn creditors Accruals 731 3299 2,034 6,064 1,803 3,267 Page 15
Rathferll Community Regeneration Group Notes to the Financial Statements for the Year Kllded 31 March 2025 16 Funds Ba12nce at I April 2024 Incoming resources Resourees expended B21xnce at 31 March 2025 Unrestricted funds General 69,796 52.323 (17,779) (172,546) 104,340 Restricted funds 29,419 145,156 2,029 99,215 197,479 (190,325) 106,369 Total funds Ba]ance 2t i April 2023 Incoming resources Resources expended Balance aÉ 31 March 2024 Unrestrxcted funds General 3L,441 49,072 (10,717) (174,149) 69,796 Restiicted fuiids 44,698 158,870 29,419 Total funds 76,139 207,942 (184,866) 99,215 Paite 16
Rathferjj Commumty Regeneration Group Notes to the Fillancial Statements for the Year Ended 31 March 2025 17 Anslysis of net assets between funds Unrestricted funds General Total funds 2t 31 March 2025 Restricted fllnds Tangible fed assets cuellt assets Current liabilitkès 3,806 103,299 (2,765) 104,340 27,384 (22,056) (3,299) 2,029 31.190 81,243 (6,064) 106,J69 Total net assets:. Unrestrieted funds Gener21 Tot21 funds at 31 March 2024 Restricted fullds Tangible fixed agsets Current assets Clllrent Ikabilities 1,733 71,330 (3,267) 69,796 30,427 (1,008) 32,160 70,322 (3,267 99,215 Total net assets 29,419 18 Re12ted psrty trajisaetions There were no related paty transactions kn tkne year. Page L7