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 AdI￿nistratIve Details
2to4
T￿tees, 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
fin￿claI 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 tI￿Ough ¢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[n￿e.
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 pro￿all)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 f￿ed 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 sU￿lUS 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 t￿e 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 fi￿aIng 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, ToM￿Y 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 reno￿yned 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 tn￿tteS 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 Ire1￿id) 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 StAnd￿d 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 expelldit￿te
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 fL￿aS ca￿led 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 a￿et5
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￿,0￿sIbIlItie5-
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 tn￿tfjeS, and authorised for issue on 23 June
2025 2nd sigoed on their behalf by..
Ms Anna Bond
YTh￿te
Mr Geortre Hill
Tn￿te¢
The notes ott pages 8 to 17 folln &n Inte￿8] 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
NewtON￿abb￿y.
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
ch￿lty 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 reCog￿sed. 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 CO￿Oration 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 pU￿OSe$.
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 cOn￿ertIble to a lfflown &￿O￿llt 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 S￿Ppliers. Accounts payable are classified as ¢ll￿ent liabilities if the clwity does not hxve an
l￿cOndItiOnal 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-be￿1ttg 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 preV￿lIllg 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 n￿Ing at the bal8llce sheet date. Exchan(re differences arising oll transkation of the
opening net assets k￿d 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 Ch￿lty operates a def￿ed 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, trn￿ts 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 expendItt￿e 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 t￿atiOll.
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 f￿ed assets
cu￿ellt 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