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 Ire1￿Id.
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
fill￿e￿a] 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, l￿d 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-n￿kIttg.
Pllblie bemefit
The charÈty added value by iller6&8ing the qU￿lty 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 becoll￿g 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
unsuCc￿fU]. 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 man￿gement to btep up wheii
d]ey w•'e needed l￿d 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 yo1￿8 people now so they will be ready when they tre neede
We do intend to ttnbark Oll a volullltei. re¢r￿ll￿¢Tht thive su that our c￿￿ent 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 n￿an8
thllt ow. people will be outgide for the ￿Ti￿rr 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 t￿ture.
The Sov¢Tei8A Coiyjplex p￿tI6￿M IiVP.r the nvelve inonths
In our currerjt eircurnstanceb and linder the guid￿Ce of the Local Community Fund, t￿e 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 t￿t 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 th￿rkIrtg 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 I￿ve supported itkiiiatives that have been workiug tor otheL
comniunities, we would like to PrO￿de tried and tested prOgraM￿e$ 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 s￿ond 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. ￿'0￿pS like oui'selves iii delivering pro￿r3￿me5 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 O￿ler 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 ellga￿llg 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 t1￿0￿g￿ a local What's app wup thal will tret inlornlltion out q￿IcklY
when it i¥ re4llired.
In COnd￿lOn..
Rathfem Con)mtinity Regeneration Group to reaffTh its COllilnLtsnent to building a s8ft end supportive
coujmunity.
We also want to encourage ongoing p2rticipation and Cons￿t 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 objectiv￿￿orf[I1I4feI¢riod.1
As well the daily ru1￿7n￿ 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 Nel￿W￿abbeY
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 ofAU￿t. 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 ye￿5 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 .￿n￿t 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 sIn￿l 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 CoMp￿Y 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 eX￿l￿atIon, 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
Char￿red 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 hI￿d
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$
Isn￿sELl¢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 Me￿be1￿ 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
TnIs￿e
The notes on pag&s 10 to 19 foiiu an itstegral part ofthese fiEwicial statenjents.
P&8e 9

Rathfern COIn￿U￿1tY Regeneration Group
Notes to the financial Statements for the Year Ended 31 March 2026
I Charity status
The ch&rity is IiEniLed by
(ru￿re¢. 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 egtÈm*tes
The prin¢ipal accounting policies applieLI in the preparation of these financial statemenrs arc $gt out below.
These policies have been consistently applied to all the year8 presented, unless otlien￿l$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 1￿CogniSed 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 U￿tertaIn￿eS abolit the charity's abilitv ttr euntintie as a going
concern llor any sionifi¢anL atE3s of unceitainty tIEat atTect the ¢8￿y]￿g value ot assets held by the ¢l￿nCY.
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 tI￿t 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 li￿orne is
recognised as a liability and included on tkne bal&uce sheet as defeEYed income to be released.
ExpendIt￿re
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 h￿di[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 cha￿ty 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 col￿tItutIOnaL t￿d 3tatutory req￿lrE￿Ieuts,
includino audit, 5trat¢uie rn&nageEnent and trus￿e5 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 cla￿lfied a5 reldLing either to revenue or to assets. CYf2nts relating to reveniie
are reco￿lSed 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 a￿et 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 co￿￿panY 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 recog￿lse￿ 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
<iCCOi'din¥ tsj the i)IiWU Èkl teiins o)t the iYLCiVÉibles.
Cash cash equivAleiits
C&L8h a￿d equiN'alents comprise eash on hand and ¢dl deposits, and other short-terttL highly liquid
investments that are readily convertible to a known amount of cusli and ar¢ subject to an insignificant risk. 0£
changtt in value.
Tr&de creditors
TiE￿e credÈturs are (>blig8tions tt) pay for goods or seEvices tI￿t hav¢ beeD acquired in the 0rdill￿Y Course of
business from suppliers. Accounts payc1ble are Cl￿s￿rAt& as CUtr¢nt liabilities if ttLe charity does iiot have <UI
unconditional ri￿t, at tbe end of the report(ng period to defer settlement ot the Creditor for at least twelvt
mollths afw the reporting date. If there is an i￿Conditional right to defer settlement for at least twelve mo)nths
aft¢i' the reporting date, they are pres¢ntd as non-current liabilities.
Trade credithi'% ttre recognised initially at the trnIL$￿tIOTh piice and subsequently mcasured at amortised cost
usiug the effective interest method.
Borrowillgs
InLerest.beatino borrowings itiitially r¢corded at f&ir v&lue, net of transactiOII Losts. Interest-bearing
borrowiiios subsequently Carr￿ed at omortibLd ¢08t, witli Ehe difference between the proceeds, nei of
tr&nsaction costs., and the ajnount due on itdempLion being iecognised as a Charge to the Statement of Financial
Activities ov¢r the period of the relevant borrowing.
In￿rest expense is reco8nised on the basi% of the effective interegt rnethod is included in interest payable
ajd similar charges.
BoLToM4tigs al'e ¢lassltied a& LiirienL liabiliti¢s unless the clwity h88 an unconditional right to defer settlement of
the liability for at1¢8st Lwelye moTrth&- aftd. the reportiug ddte.
Pa8¢ 12

Rathfern Community Regeneration Group
Notes to the Financial Statements for the Year Ended 31 March 2026
Foreign exchg¥Jge
TrgnsactÉons in foreign Cu￿en¢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¥L*I.
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' {t￿erefore 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 furthen￿tie 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 pl￿jS are recO￿lS£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 (Outgoin￿11n(Orn￿Thg 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 tii1qt￿e%, ttor ally persons COT]nected with them, l]ave received any remuneration from the charlty d￿[D¥ the
No t￿Stee8 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 lll￿ber 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 cqu1v￿Cllt5
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¢n￿lS
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 fu￿d8
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
cu￿ellt 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
Cu￿ettt assets
Cu￿ellt 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