Company r¢gistration iiiunber.. N1600274 Charity i'egistrauon number.. 107372 Rathfem Community Regeneration Group (A Lonipany limited by gu<Lrhntee) Aimual Report #nd Fin&ncial Statements for the Ended 31 March 2026 TB Millar & Co tndependent Examiner 6 Doa Road Ballyclare Co Antrim BT39 9BQ
Reference and Admixkistrative Details Trustees, Report 2to6 Independent Examiner's Report Statement of Financial Activities Balanct Sbett Notes tts the Financial Staternertts 10 lo 19
Mr Alan Crdi¥tord Mr George Hill Mr John Mccleave M5 Stephani¢ Mewha Ms CJladys Maguire Ms Kathy Godfrey M¥ Dine¢n Walker Ivfr Thomas Kirklwni Secretary Chzrity RegistrAtion Nulnber IU7372 Company Registratioii NuTnber N1660?74 The eharity is incoiporated in Northem Ire1Id. 43 KnocLenagh Avenue NewLownabbey C.0 AntrR Prin¢lpal Oftice B-I'36 6BE Independent E3aEniner TB Millar & Co liidepend¢nt Ex&roiner 6 Doagb Rodd Ballyclare Co Autsim BT39 9BG Page I
Rathfern Community Regeneration Group Trustees, Report The trllstees, who are directors fm. the p.pose$ ot company law, present the 2nnual report together with the fillea] 5taternents 8nd Luditors, report of the charitable company for die year ended 31 March 2026. Objectives and 2Ctlvities ObjecLS oims The Ch,$ objective is that dll residenLf livinLY iu fhe Macedon W.d of Newtoivnabbey enjoy a hi<th qualiry i)I' life. ale able tu aLhieve their cconomLL, %ocial aiid educational byoals, ld are part of a gtron& PA)sperous aDd caring con]rllunity. In order to achieve its objectives the charity aijns to- ~rnanage a CQDmiuiiity building which provides quality facilities and a rnige of activities wliicb accessible to the local community -¢ontirtuously dev&lop and Ltpdate tlie bllildittg to meet the changinLF needs of the users -develop activities ti)at Rncr¢ase participation cl¢ life Aneluding upportuiiities for selfthvelopment, voluntee17 8nd illvolv¢lliellt in local decision-nkIttg. Pllblie bemefit The charÈty added value by iller6&8ing the qUlty of life £or residents in iiathfem. It has developed a master plan tor the &ea as a whole working with the commujtty throiiutk community consiiltation and public mee'angs. Progr¢8 llre which develop employability %kills, bui14J social cohesion, impi'ove the general area and tiryower tliose livin¥ in thl to creaie a b¢ttcr ertvironment in which to live. llJ¢ centre 18 becollg tILe focal poÈttt for community tiVities and 1.% *¢d by a wid¢ Tange of ¢[$ and sthtutory bo(lies. Antrim Newtownabbey Borough C.oun¢il contributes to the running costs of new cxi.%titLg coii]niuniry projects in line wAth Council's Community Development grant aid progranme. Page 2
Rathfern Community Regeneration Group Trusteesl Report Achievements and performaiiee P&ge i
Rathfern Community Reifeneration Group Trustees, Report The past year has been oiie of clwgt attd ad8pt2ti0fy with grant applications being both succe%sful and unsuCcfU]. qULte a lot of time and effort goes into this worL which needs to be i'e-defined and re-foiused to meet tlie needs allLf the vision we Iidve kor Raihterll Community Ilegenerauon Ciroup. E(Lually for those wlio work and use the CoEnplex on a daily basis, we need to eneourage vur '0Up3 to set up tILeir own strutitsres thryth Constithuons Éuid Office bearers so that ive can 8SSiSt them to apply for fundiiig in tlieAr right. The Boai.d of DirectOES will also need to go through ehallges, possibly play a more a¢tiv¢ role in the day to day ruAnin3 of the Coniplex, we bave sonie decisions to make regarding fiuding savillgs, challging banks, negotiatlllg and lobbying for additional funds to eiisiiEe we wt not eliding tlie next t"InancÉal year with a deticit whicb. we spoiTrd recently and avoided throuoh due diligence. We n¢Ld to be actively working on building res¢rves over the next two yedrs. that will mean we have six ii)onths i'unniiig costs in the bank just in case we Ioss a funder or hit ULiexpe¢ted expendtture. This would be good tinaiiLial Thnagement and d lai'gel uf the B(iard. e algo need to p&y tribuie to all those meiDbers ot statr whu worked clo.sely with mangement to btep up wheii d]ey w•'e needed ld went beyond theiT noi'mal working week for the good dThd benefit of .the usffl's and the local comtnunity. Soon we hope to add to our Staffing levels Tria and sttvings, Ive also plaii to ett¢ourage the youThg people who aiiend OL youtli club to volunteer and take part in training which would be beneficlal to lis attd tlieln. It will be th¢se young people we hope who will be managiiig this Loynplex in a fe years, tiEne so it is our intention to invest in these yo18 people now so they will be ready when they tre neede We do intend to ttnbark Oll a volullltei. re¢rll¢Tht thive su that our cent suff can plÈm and ortsani8e well in advaJ]ce of dates, acuvities: oiitings, resldentials dnd be seen to make a difference. We acknowledge that youtlL work ¢tm be challeThgiwd and to this end we have set ourselveg a clear target of providing a new Youth Zonc outside, at the lear of our building. I'his will encouratre Jew focus and it nan8 thllt ow. people will be outgide for the Tirr and summer montlLs. They will also have new activitie% dnd facilities tliat mL&nS they do not have to share the roows in the complex with other w8trs, they cgn al.qo be m&ntiged and self-maTJaged with staff wlio can interact direcdy with tliem. Evenings and times can be changed so that we can open to Iopni on certain nights dependiog on what aetivities dre platmeiL This investmeyit will be well spent and will help to prepare our young people for the tture. The Sov¢Tei8A Coiyjplex ptI6M IiVP.r the nvelve inonths In our currerjt eircurnstanceb and linder the guidCe of the Local Community Fund, te Ernpowering Young Pevple progr&mmL. diclt financktilly suppurts our Ratlifern Youth Pn)gramElle comeb to an end wl)enevw' our currellt fundi finishes 011 30th September 2026. Tht LoLal Communitv Fund have new pi'ioritie% tknit do include young people, howeveA' there nee(ts to be re inkraction with the community and for 0upS liLe Rathfern Community Ilegenerdtion Group to assist the community to move on to new ways of Improving lite tor residents as a whole. To this end we have chosen to look at a compieheThsive Co]nmunity Safety Plan tt caters foT ail age groups and puts to good use the WOTk ive have done already in engaging with the community on what a significant plan could look like. W¢ need to look at SL ttew fivc-year proJiY tliat encoEnpasses thrkIrtg with all age gmups fr()En Babies to Senior Citizew and how WL cali suppoil thts ¢OLnmuniiy Lo movt forward p08t conflict. We albo nEed to develop llew ways of brinjo ng in fundi([ that will go tuwards helping its to find finallcial btabiliLy SO that we Can keep our curyent staffing level$ but under new contrncts and working hours. We ijave been enga¥ed in c(Immunity development for & loDg time Ive supported itkiiiatives that have been workiug tor otheL comniunities, we would like to PrOde tried and tested prOgraMe$ bil¢ bring thern up to dat¢ ro meet thc people's tteeds. Wt See the toll the declille in ststutory a£encies with provision due to budget i'estraints de¢ision making is taking on the comrnunity> most of are living on their to try ancl beat the systeni in way. All thig does nothing biiildino the eharacter ckf our young peopl¢ As each gen¢ratiOtt unfolds there is even niore d¢cline foi thosE below die povei'ly line. We have had a long look at what we can do to brinx aboul change for all age groups, this Me looking at more than one futtder to biipport salaries foi instsn¢e, in¢ludino how we manage our (Pwn income generdtLUlI, we have a valuable spaee dlreddy with a Conjnjunity Ceoti'e sond to none, this 11&8 been due 10 the partnetiliip we enjoy and benefit from with Anttim and Newiownabbey BorL¥ugh Council who on this journey wEth LIS. Page 4
dlSCU651ons with sttparate groups wlio already use our coTrpiex trld tue m*Lin tumers wtsu ¢LLrrenUy suppori our endeavours this will coiitinue alongside comEnunity engagement via meetings and surveys Currently beittg developed. We seek only to meet the needs of our conllnunity in moving forward iii a positive way and to ensul'e there is a fiJtur£ role foi. '0pS like oui'selves iii delivering pror3me5 that 'C pcjssible. Ilill Top 0% Marker The back9.0)d to developing Coilllniinity S&fety in liatlifern Since Rathferii voas bullt we h2ve had very little ui the way of anti-social behawour or even any community sifety issues, theye were serious events oll the fringes OE RathfeTh due to Civil unrest or pi'otest$ that were happeniThg elstwhere in Nartbern Irel]d but these were at the Cloughferi) roundabout oi. at the Doagh Road 8nd O'Neill's Road ¢ntran¢¢s to the estate. Tts kn honest the residents of Raditrrn are a settltd group uf people who8e outLook never chan<ted in r¢lation to eotnmuttkty development. Over the past Thvo yeaiE things have changed due to the original residenL8 gettino older or passing an, a laroe jority of residents Dow Oler occup&ers ot have sold their properties to privale landlords. The PSNI c2Ui also verify tTrLe number of tim&% they have liad to Vi81t houses for a whol¢ rallge of iss$ including drug dediiE. We have an influx of owner OCCLipiers who just live itt the propÈrty aiid do not engage as a part of the COiDmUnity, currtndy tILere are severnl house$ lying vavdTrt for different reasons, ivhich Iw reslllted in onuoing todent Essues affecting neighbouritsg terraced properties due to build ups of TubbislL waste and unrttaint&itted gardens. All in all, there is a oen decline in how iIEe e%tate looks and how the long-term residents feel Éthout living here, we i&i'fhe Soveieign Complex h¢ive been ellgallg ivith residents to uet k teeling of how pool. mordle is, IL is our intrntion to hold more community m¢eiing8 Wlth i'esidents. Traditionally it is vitally imporl8nt to produLe 8tt'ategiLs £ind actions tor all eveiits. tlierefore we need to organise regular mgetlngs for the residents, offer giipport Ehrough worksbops, UL&ybe establish a iieighbourhood watr programme and provide is]tomiatstsll t10g a local What's app wup thal will tret inlornlltion out qIcklY when it i¥ re4llired. In COndlOn.. Rathfem Con)mtinity Regeneration Group to reaffTh its COllilnLtsnent to building a s8ft end supportive coujmunity. We also want to encourage ongoing p2rticipation and Const feedback from residents. b5nanci21 review The Group had overspend of ,080 (2025 surylus of £7,154). Net assets totalled £101.289 {2025 £106,369)- Page 5
Rathfern Community Regeneration Group Trusteesl Report Plans for futllre periods Aims and k£y objectivorf[I1I4feI¢riod.1 As well the daily ru17n af tli¢ Lomplex an(1 its volunteers and staff we havc already Cominitted to planniniF our ¥re&tly Ubed SULTLmer sLliemt and as %uLh Ive have reLeived the funding fJ'oEn Anuim wid NelWabbeY Boroiigli Council the Noi'd]ern Irtlatid HousinfJ ExeLutive to carry out the schenit oil the last week ot July aJ]d the tirst w¢ek ofAUt. The trips arLd activities have been pencÉlled in aud the young people have played an active role ill tlie planning for this. We liavc been planning training for staff and volunteers as every tbree ye5 we D]USt keep up with the required stsndards to rLllL this facility it is in everyone's interest for themselves and their Cv's that they avail of tlie opportiiuity w oain new qualifications. Organisinu tlie age of rooms by having open y$ for potcntial new users will address the facilities that we offer this coiununity? it also mean5 that our income is maxiruised and assists us w provide the support tltht a Centre like ours sl)ould. We will as iiormal help new or emerging groups to get started without having to pay rooin hire feGs until they can get established. As well as making changes to the tsutside space contained within our ServieE Management Agreemen( we have als'o engaged with Alltrim and Newtomiabbey Borough Council, the WoodlÉLttd .nt and the Belfast FIills PaitrLer%hip on a new pr()ject that wÉll enhance the visitor &xperience on Carnmoney 14ill. The annourncement will be made during thc sun)mer by the Mayor of AJts"iitt and Ntivtowiabbey Borou Council and we are proud to say tliat our yoiing people will havc played a positive i'ole tlic build up iu this. tornpxnip$ Drnvisioji st2tement This pOrt has beLll prepared in accordance with the sInl companies rtgime under the Companies Act 2006. Tbe annual report was approved by tbe trustees of the chsrity on 16 June 2026 and sittoed OJJ its belmlf by.. Mr George Hill Trustee Page 6
Rgthtern Community Regtneration Group Independent Ex2niiner's Report to the trustees ot Rathfern Community Regeneration Group ('tILe Company,) I repoit to the cliarity tsUSte¢s on my examination of the accowits of the Lompany foi" the year ended 31 M8x¢h 2026. Responsibilitles b25is of report As the chaTity's trustees of the Comparky (and also its directors for the pujyoses of company law) you Are responsible for the pi'eparation off the &ccounts in &LcordaDce with tbe rtquir¢ments of the C1)ltieS ALt (Northtrn Ireldnd) 2008 (-the 2008 Aet,) a]id the Conwanitts ALt 2006 ('the 2006 Act,). You are satiified tlwt thc aLcounts of the Company are not requixed by charity or CoMpY law to be audited and have chus-n instead to have an illdep¢r.deut examination. Having satisfied inyself that the accounts of the Compally are not required to be Audited under Part 16 of the 2006 Ad dnd 2re eliglble for independent eXlatIon, I report iii respect of my examination of YO charity's accounts a8 caiTied out ullder seLtion 65 ol-tiie 2008 Act and sectioj 145 of the Charities Act 2011 ('tbe 2011 Act,). In earryuJ8 Out my examinatioii I have followed the Directions gÉven by the CELarity Commissioii for Northerii Ireland undeL seLtiQLI 6519){b) of the ?008 act and the Direeti0116 given by the Charity Commission ulldei. section 14il.S1{bl of tlie 2011 Act. Independent L%aminer's I have Lompleted my exawination. I confinn t}t no ntstters have coine to xuy attention in connectioJ WiLh the txamination giving me tawe to believ¢.. l. accountina records w¢re not kept Lll Tespect of Rathferu Comunity Regeneration Gioup as required by section 386 of the 2006 Act,. or 2. the accounts do not aecord Hqth those records. or ? thp. Atr.nuML% do not complv with the accounting requirements of sectioii 396 of the 2006 Act other than any requkrement th&t the accounts giv¢ a'true and fair view which li not a mil tter considered &s par( of an independenr examination. or 4. the accounts have not be¢n pr¢pared in accordarAee with tlLe methodb and principles of the Statement of Recommended Practice for accounting and reporting by chaTities [applicable to charities preparing their a¢Lounts in accoEdwee the Financial Reportillg Standard appllcable in the UK and Republic of Ireland (FRS 102)]. L no concerns and have ¢on3e acroEb no other matteri in ¢onneLtson wilh the examination to %¥hich attention should be draTh in this reporl in order to enable a proper understandin8 of the accowits to be rea¢hed. Bairy FCA ludepe Examiner Charred Accountants Ire18nd 6 D03gh Road Ballyclwe Co Antrim BT39 9BG 16 June 2026 P8ge 7
Rathfern Com]nunity Regeneration Group Statement of Finallcial Activities for the Year Ended 31 March 2026 (lucluding Income and xpeiiditure Account and Statement of Total ReLognised Gaills and Losses) UnrestrÈcÈed funds Restricted funds Total 2026 Tr4ote Ineonie and Endowments from: DonatLons ar.d legacies Charitable activities 490 42,755 150,979 ISl.469 42.755 Total inc<)LJe 43.245 150,979 194224 xpenditllre on: ChaLlltable activ?ties 12,934) 186,370 199,304 Totsl expendituie Net ill¢omellexpendituYe) Transfers beiwcen fLtnd.% 12,934 (186,370 199,304) 30,311 33,362) (35,391) 33,362 (5.080) Net movtment in funds (3.051) (2,029) (5,080) Reconcillation of funds Total fuThds brought forward 104,340 101,289 Unrestricted 2.029 106.369 Total fjjnds carried fDnvard 16 101,289 Total 2025 Restricted funds 'ote Income and Endowments from: DonELtions and lecTacies Cliaritable activities 1,160 51,163 145,156 146,316 51,163 Total income 52,323 145,156 197479 ExpendAtllre on: Charitable activitie8 {17,779 172,546 190,32 Total ¢xpenditure Net incomel{eKpendituiE). 17,779) (172.546 190,325 34,544 27,390 7,154 Net rllovement in funds 34,544 (27,39J) 7,154 Reconclliation of fllnds Total fuBds brought fonvard Totsl funds carried forward 69,796 29,419 99.215 106,369 16 104,340 2,029 AII of dic clthrity's activiti<% derive from continuing operations during tltr above two periods. 'rhe fvnds breakdown for 2025 is shown tnnote 16. TlJ¢ Dotes on pages lo to 19 foiJn an irtte2ral p't ot tliese fiuancial gtatenients. Page 8
Rathfern Community Regeneration Group (RegAstration number: N1660274) Balante Sheet As at 31 Mareh 2026 2026 2025 Nvte Fixed assets T]gible a58¢ts 12 27,248 31,190 Cllrrernt assets Debtors Cash at bank and in hId 13 14 3.210 72,916 76,1?(I 79,6lO 81,243 Creditors.. Amounts falling due withln one year 15 (2,085) 6,064) 'et eurrent assets 74,041 75.179 Net ¥sets 101 ?89 106,369 Funds of the charlty: Restricted iDeome funds RestrÉcted funds 2,029 Ullrestrieted income fund$ IsnsELl¢l¢d fikuds. 101289 101,289 104,340 106,369 Tot21 fllllds 16 or thp. fittiime.ial ye2r endin¥ 31 March 2026 the charity Wdb elltidect to exemption from audit wider section 477 of tlLe Con)panies Act 2006 relating to brnall ¢ompani¢s. Directoi's, responsibilities.. The Mebe1 h8ve Dot required the charity tu obtsin an ludit of its 8c¢uunts for the year in question in accordance with seution 476; and The directOl'5 acknowledge their responsibilkties for complying witb the requirrnts of the Aet with respect to accounting records and the preparation of accotmts. rhtse fAnancÈal statements have been prepared in accordance with the speLial provisions relating to companies subject to the Small companies regime rythIn P&"t 15 of tht Companies Alt 2006. The financial statenients on pages 8 to 19 were approved by tbe trust¢es, Lnd authorised fur issue on 16 June 2026 ond stgned on their behalf by.. Mr Alw Crawftsrd I'iustee Mr CJeorge Hill TnIse The notes on pag&s 10 to 19 foiiu an itstegral part ofthese fiEwicial statenjents. P&8e 9
Rathfern COInU1tY Regeneration Group Notes to the financial Statements for the Year Ended 31 March 2026 I Charity status The ch&rity is IiEniLed by (rure¢. inLoiporared in Northem Ireland, hnd consequently does not have shart capital. Each o. tbe trustees li liable to Lontribute Jin(iunt not exceeding £1 toivards the <se&S of tlie Lhai2ty in the event ot liquidation. Tlie address of its. registered oftice is.. 43 1(nockenagh Avenue NewtoTh732bbey Co Alltrirn BT36 6BE These financial statements were authorAsed fot issue by the trustees on 16 Jun¢ 2026. 2 Aecountlng policies Sllmmary of $ignifieant 2ccountillg policies Iiey accountlng egtÈmtes The prin¢ipal accounting policies applieLI in the preparation of these financial statemenrs arc $gt out below. These policies have been consistently applied to all the year8 presented, unless otlienl$e stated. Statejnent of cojnpliance 'rhe financial statements liave been prepared in &ccoi'dance with A¢cLiunting and Reporting by Charities.. Stattwent ot Reeornmended Pi'actice (ai)plicable to dii£ritits preparing their a¢counts in &LcordaLice witl) the Finan¢i31 Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (Issued in October 2019) Icbai'iti¢8 VORP (FRS 102)), the FinL¥ncis1 Reporting St&nd3rd applicable in the UK attd liepublift of Trp.1gnA (FRS 102) and the Coinpanies Act 2006. B2sis of preparation Rathfern Community Regeneration Gi'oup nie¢ts the definition of a pubSic benefit entity under FRS 102. As$ets and liabitities are initially 1CogniSed at historical cost oi. transaction value uttiess otherwi&e ststed in tbe relevant accounting policy notes. Going concern The trubtee8 consider that there are no material UtertaIneS abolit the charity's abilitv ttr euntintie as a going concern llor any sionifi¢anL atE3s of unceitainty tIEat atTect the ¢8y]g value ot assets held by the ¢lnCY. Income endowments All income is recogmibed ouce the chatitv has entitlernent to the incom¢, it is probable thAL the income will be received and tbe amount of the income receivable can be measiired reliably. Dfjnotions andlegoeEÉS Don7Llions are reeogllised when the ci)tY bas been notEfied in writing of both the amowlt and settl¢ment date. In the event Uydt a donation is subject to conditions tIt require a level of perforLllgnce by the clwity befor¢ the eharily is entitled to the fullds, the ittcome is defened and not recognised utttil either those conditions are *ully n]¢r, or the fulfilniellt of those conditioni is M41olly withill the control of the charity and it is probable that tliese eondAtions will be fidfilled tl)e reporting perAOd. Page 10
Rathlern Colllmunity Regeneration Group Notes to the FAnancAal Statements for the Year Ended 31 March 2026 Grimts rÉceiviib Grtmts al'e i'ecogllised when the chaiity has an entitlement to the fw]ds and any conditions linked tu the grants bave been Tnet. Where PBrformallce coiiditions are &ttached to the grant and art yet to be meL the liorne is recognised as a liability and included on tkne bal&uce sheet as defeEYed income to be released. ExpendItre All expenditure is rccogllised ollce there is a leoal or eonstructive oblig&tsOlI to that expendittut, it is probable settlement is required aThd the amount can be measured reliably. All costs are allocated to the applicable expendituie heading that agyegate similar costs to that category. Where costs cannot be direitly attributed lo pftiticular hdi[IgS they hai'c been allo¢aitd on a basis cow%istent 7(11 tlit use of resources, witli central stdff LosLS allocated on thc bask% ot tÈme spent, and depre¢i&tion LhiTrrges alloeated on the portion o* the abset's Use. Other support costs are allocated based the spread of st&ff costs. Ch4rittsble uclivilie5 CharAtsbl¢ expenditure Ltsmprises those Costs AllCULYed by the chaty in the delivery of its a¢tiviti#S and servi¢es for its beneftciaiies. It includes both costs th&t can be allocated directly to such activities and tho.ie costs of an indirect nature necessary to siippoit tlwD. Support cost5 Support costb include Lentral Fllnctions aud h&ve been allocated tu activity cust Ldtegories on a basis consist¢nt with the use of ittsource5, for cxample. allocating property cosrs by fluor areas, or per capita, staff eo%ts by the time spent and other costs by their usage. Governanee costs Tbese include the costs attributable to tjie charlry's cornplioELW coltItutIOnaL td 3tatutory reqlrEIeuts, includino audit, 5trat¢uie rn&nageEnent and truse5 meetingb and reimbursed expenses. Govei'nxnent grants Govcniment grnnts att recognised based on the acciual model 2nd ar¢ measurcd at the fair value of the asset rLceived or receiv&blc. Grants 'e clalfied a5 reldLing either to revenue or to assets. CYf2nts relating to reveniie are recolSed in income ovu the period in which the related costs are recogused. Graats relating to xssets are re¢ogDised over the expe¢ted usefvl life of the aet Where part of a grant re18tiTh8 to an asset is defened, it is recognised as deferred income. Taxatio Tlit ch8rity is considered to pass the tests. set out in Paragraph I Schedule 6 of the Fkiiance Act 2010 and tlierefore it meers the definition of a ¢haritable copanY for UK corporatiou lax purptsses. Accoi'dingly, the charity 18 potentially exempt from taxation in respect of incoille ox. capital gains received withyn categories covered by Chapter 3 Payt I l of the Corporation Tax Aet 2010 or Section 256 0£ the Taxation of Char8eable Gains Act 1992, to the extent tiwt such ktic()ine or gains are applied exclusively to clwitsble purposes. Tangxble fixed assets ludividual fixed assets cos11& £0.00 or tnore are initially rceorded at Los4 les& any subsequent accumulated depreLiation and subsequent aLCUlI)ulaied impairment losies. Pagell
Rathfern Community Regeneration Group
Notes to the Financial St2teLnents for the Year Ended 31 March 2026
Depretiation amortlS2tion
Depreciation is provided on twgible fixed assets so as to write off the cost or valu&tion, less any estimated
residual value, over their expected useful eLonomiL life 08 follows..
TrAde debtors
TTade debtors are amounrs due fr(>m custOLuers for merchandise sold or serv&ee8 perfornied in th¥ ordinary
course of business.
Trade debtors are recoglse initially at the tr&tisaction price. Tl)ey subsequently measllred &t amoitised cost
using the ¢f£ectiv¢ interest method, less provi5iun for impairment. A provision for the imp2innent of trdde
dehfors is ¢st&blisli¢d ivhen there is ubj¢¢iive evidence that the charity will not be able to collect otll amuunls due
Rathfern Community Regeneration Group Notes to the Financial Statements for the Year Ended 31 March 2026 Foreign exchg¥Jge TrgnsactÉons in foreign Cuen¢1es are Le¢orded at the rak of exch]ge at tbe date of the tranbaction. MonetaLy assets and liabilities denomin&d in forelgn CWTencies Lt the b8lance 8heet date are reporEd at the rates of exchange prevailing 8t th8t date. The result5 of overseas operations are trdnslated at the averase rlltes of exchange durinu the period attd their balance sheets at tE]e ratts ruling at the bdlance sheet date. F.xchange differcnLes ari8È11g oil translaiion of the ()pening net a8bets and resuli of ovtyrs¢2s uperatlOA4 al'e reported in oth. compreheklsive income and accumulated in equity (attributed to nott-controlling interests as apprL)Pri¥LI. Other exctkange dkfferences are recogntsed in the Statement of Finan¢i21 Altiviti in the paiod itt whieh they arise except for.. l) exclwige dilY¢renc&q on trans&ctioJ)s entered ittto to hedge certain foreign currency risks (.%e¢ above); 2) exchange differerA¢es arising on gains or losse$ on non-monetary items which are recogni5ed in other compi'eliensive irtcome. and 3} in th¢ case of tbe consolid&ted financial statements, exchange differences on monetary items receivable from oi. payable to a foreign opo'itiC>n for which settlement is neither planned nor likely to o¢cw' {terefore formin(T pa¥t of the net inve%tment in the "oreign operation), are reeognised in othttr Comprehensive income aud reported under equity. Fund structure Unre8tricted irAcome funds are general funds tliat are al'ailable for ule at the trusteeb discretivn ill furthentie of tILe objectives of the ¢hariiy. Restricted income fundb are those donllted for use in a particular area or for speeifie purposES, the 8¢ of which is restriLted to that or puipr)S¢. Pensions 4nd other post retircment obligations The tharity operntes a defined contribution pension scheme wliich is a pension plan under which lixed Contributions are paid into a pension fund and the charity bas no legal or constructive obligation to pay further contribuÈiovs even if the does not hold sufficient assets to P*ky all employees the benehts relatins to employee service in the currerlt and prior periods.. C.ontributionb to defllked contLibution pljS are recOlS£d in the Statement of FiEknwcial Activitie& when they are due. If conlribution pa5rynents exceed tlie eontribution duc for service, the excess is recognised as a prepayment. Pag¢13
3 Income from donations and le4yAcie$ Uw'Èstrlcted fullds General Restricted fullds Total funds Donations and legacies. Donatiolls fiom cottipani¢$, trusts 8Dd similar proceeds Grants, iiicluding ¢2Pital grants. GovcYi]rllent grnits 490 490 150,979 150,979 150,979 Total tor 2026 490 151,469 I'otSLI fDr 2025 1,160 145,156 146.316 4 Ineome from charitxble activities Ullrestricted tun6s General Total fvnds Rent from use of centrL Tuck Shop Rncome Total for 2026 35,818 6,937 35,818 6,937 42,755 42,755 Total for 2025 51,163 51,163 5 Expendlture on eharRtsble ae*ivitte$ Unrestricted fllnds General Restricted fund$ Total fuuds Charstable ActLViLÈ¢¥ Allc)¢at¢d Support L"osts StrdtTCosib i6,164 11,793 116,421 56,L64 24,727 116,421 12,934 Totsl for 2026 184,378 197,312 Total for 2025 17.779 170,656 188,435 In additiorL to the eXpendit"t 8nalysed above. there are al80 sovernaTh¢e eusts of £1,992 (2025 - £I.890) which relate direclly to charitable activities. See rtot¢ 6 for further details. Patte 14
K2thfern CommunAty Regelleratlon CJroup Notes to the Financial Statements for the Year Ended 31 M2rch 2026 6 Analysis of govern2nce Aiid support costs Governallce eosts RestrTCted fullds Total fllnds Independent examiner fees Examination of tlie financial statements 1,992 1,992 Totyl for 2026 1,992 1,992 Totsl fDr 2025 1,89U 1,890 7 Net Incomillgloutgolng rdources Net (Outgoin11n(OrnThg resouLtes foi. tlie year include-. 2026 2025 OpeLilting lttasLS- plant and rThichinery DepreLiation ot fLxed assets 468 3,942 4,816 8 Trustels remunerAtioJi and expenses Nn tii1qte%, ttor ally persons COT]nected with them, l]ave received any remuneration from the charlty d[D¥ the No tStee8 have 3Eceived any reimbursed expens¢s oi. aELy Other benetitb from the Lh£trity during the yew.. 9 St2ff costs The aggregate payroll costs were as tollows.. 2026 2025 St2ff costs durlng the yearivere: Wages and balaKies Pension cotsES 115,961 460 96,124 694 116421 96,818 The monthly &verage lllber of persons {inoluding benior management I leadersl)ip team) employed by tEie d)arity duriA¥ the year expresbed &8 fvll tiine equiv21ents was gs lollows.. 2026 2025 Number of stalY- Projects Nuniber of staff - Premises Page 15
Kathfern Communxty Regeneration Group Notes to the Financial Statements for the Year Ended 31 Mareh 2026 No employee received emoluments ot more than £60,000 during the year. 10 Independetst examiner'5 remuner2tlo 2026 2025 Examination of the fin&n¢ial statements 1,992 1,890 11 Tax&tio The ¢harity Is a r¥gi$t¢red chgLrity *md As th¢r¢£ore excinpt from takation. 12 Tangible fixed assets urniture and equipment Computer equApmeTrt Tot21 Cost At l Awil 2025 At 31 March 2026 41,610 6,209 47,819 41,610 47,819 Deprec&atiou At l April 2025 Chai'ge foi the year At 31 March 2026 13.451 2,932 3.178 I,oio 16,629 3.942 16,383 4,188 20,571 Net book value At 31 March 2026 25,227 2,021 27.248 At 31 Marth 2025 28,159 3.031 31,190 13 Debtor$ 2026 2025 Tiade d¢btaIs 3,210 1,633 J4 Cash #nd cash cqu1vCllt5 2026 2025 Cash on hand Cash at bank 1,505 71,411 1,130 78,480 72,916 79,610 Page 16
Rathtern Commllnity Regeneration Group Notes to the Financial Statements for the Year Ended 31 March 2026 15 Creditor$: amounts falling due withill one year 2026 2022 Other iaxation and social security Other creditOL Ab¢nlS 3.299 2,034 6,064 2,085 2,085 Page 17
Rathfern Community Regeneration Group Notes to the FIn#neI Statements for the Year Ended 31 March 2026 16 Funds Jlalaiice at JI Imarch 2026 BAlanee at I April 202) In¢omitt restsurees Resoiirees expellded Transfers Unrestrieted £und5 General 104,340 2,029 43,245 (12,934) {186.370) (33.362) 33,362 101,289 Restricted funds 150,979 Total fud8 106.369 194 199,304 IL>I.289 Balance &t I April 2024 Incoming re80llrces Resources e%pended B21%uce ai 31 M&rch 2025 Unrestricted funds General 69,796 52,323 {17,7791 104,340 2,029 Rc*stricted funds 29,419 145,1.%6 Tot21 funds 99,215 197,479 (190325 106,369 Page 18
Ilathfern Community Regeneration Group Notes to the Financial Statements for tlie Year Ended 3l March 2026 17 Analysis of net assets betweery funds Ullrestricted tunds Cyenersl Total fiinds at 31 Mareh 2026 Restrieted funds T]le fixed assets cuellt assets Cuirent ]iabilities 2.602 Its).772 2,085} 101289 24,646 (24,646) 27,248 76,126 2,085 rotal n¢1 assets 101,289 UArestri¢tÉd fuods yener TotAI I'unds xt 31 Mar¢b 2025 Restricted funds Taugible fixed assets Cuettt assets Cuellt liabilities 3,806 103299 2,765 27,384 (22,056) 3,299) 2,029 31,190 81,243 (6,064 106,369 I'otal net assets l(kl.340 18 Related part), transactions There were no related pdrty transaetiotLS in the yeu.. Page 19