COMPANY REGISTRATION NUMBER: NI 055650 CHAR REGisfRATION NUMBER: 100162 Bellanaleck Partnership Ltd Company Limited by Guarantee Unaudited Financial Statements 30 June 2017 CRUDDEN DOLAN LTD Chartered accountant 23-25 Darling Street Enniskillen Co Fermanagh BT74 7DP
Bellanaleck Partnership Ltd Company Limited by Guarantee Financial Statements Year ended 30 June 2017 Page Trustees, annual report (incorporating the dlrector's report) Independent examiner's report to the trustees Stalement of financial activities (including income and expenditure account) Statement of flnancial position Statement of cash flows Notes to the financial statements
Bellanaleck Partnership Ltd Company Llmiled by Guaranteg Trustees. Annual Report (Incorporating the Director's Report) Year ended 30 June 2017 The trustees, who are also the directors for the purposes ol company law, present thelr raport and the unaudited Ilnancial ststemenls ol thè charity for the year ended 30 June 2017. Reference and adffllnlstrative detalls RegIer8d drIty name Bellanaleck Partnershlp Ltd 100162 Charlty reglstratlon number Company reglstratlon number Nl 055650 Prlnclpal ofltce and registered 168 Derrylin Road ofll 8ollanateck Enniskillen Co Femianagh BT92 28A Northeren Ir@land The trustees George Thornton 05watd Glements Dess18 Smyth r4ccountants Crudden Dolan Ltd Chartered accountant 23-25 Darling Street Enniskillen Co Fermanaoh BT74 7DP Structuret governan¢e and manag8m8nt Bèllanaleck Partnershlp Lid Is a eornpany Ilmlted by guarantee governed by Its Memorandum and Artlcies ol Association daled 21sl June 2005. 11 is reg151ered as a charily wllh the Charity Commisslon Ml. Anyone over the age 0118 wkhln Ihe area ol benelll who subscrfbes to the oblec15 01 Ihe Company can become a member ol the Company. Sullable new Tnjslees are recruited Irom among the members by Ihe current trustees and PTesenled lo th8 AGM to be appointed as per the Goveming DocumenL
Bellanaleck Partnership Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (Mnllntsedj Year ended 30 June 2017 Oblecllves and actlvltles The prlnclple objective5 are lo tD increase prosperity and employment OPPDrtunllies w) the town of Bellanaleck. To promote Ihe benefit of th8 uihabilants ol Ihe area by associating govemmenlal agencies, Ihe local authority, voluntary organisations, trade unions, employers, professions Ihe inhabttarts ol the area In a common eflort to advance and create and provide farAlilies for the employment and Iralning ol the sald inhabilanls In the Inlerest of Soclal Wellaie wllh the object ol Improving Ih8ir Conditions of lile. To assist financially or olherwtse, as deemed approprtale. any person or persons establishing or seeking to establish a new business or enterprise or to expand an exi51ing business or enterprise within th& area which wll ueale employment opportunilles for inhabitants in the area. To organise the availablllty Irom supporters ol the Company of human r8sourGes capable of givlng èxpert advice and practical assistanc8 and material re50urces required lo enable or asslsl anypersan or orp8rsons lo gstab115h a n8w busine55 or enterpri56 orto expand an exlstlng bustness or enierpriso with In the dislrlct and to make such adv¢ce or assistance available on a volunlaTy or finandally assisted basis as sh1 be consldered apprapriat8. To promote. 8llcDurage, spon50r. organise and assi51 any person or persons lo examine Ihe feasibility ot C to undertake on an experimentat basis any enterpris8 or project or to undertake the training requlred to launch any enterprise or project which, If if 5uocesslul. seems h'kely to provide employrnenl opwrtunities IOT the inhabltants ol th? area. To date th8 prindpal actiwly is the provislon of a premises which Is used lor charitable purpDses as a camp cerrtr8. Achievements and performance The camp cenlre has been buill and is belno leasEd out as kjtencled. Flnanclal review At pr8sent Bellanaleck Partngr5hip Ltd has lew expens05. receiv8s sufflclenl income to meet 51's expen58s and exp8cl$ lo malnlain this for Ihe foreseeabl8 future. As and when further funds bpccffle available It intend5 to further expand its acbwtias lo meet k"s objectives. Small company provlslons This report has b88n prepared in accordance wllh the prOSIrS appllcable lo companies enbilgd lo IhB small companies exempllon. The InJslees' anntjal report was approved on 30 Marth 2018 and sloned on beh811 ol the board of Irusleès by-. George ThDmton Tru51ee Oswald Clèments Tnjstee
Bellanaleck Partnership Ltd Company Limited by Guarantee Independenl Examinerfs Report to the Tnjstees of Bellanaleck Partnership Lld Year ended 30 June 2017 I report on the financial statements for the year 8nded 30 June 2017. whlch comprlso the slalemenl of financial actimlies linGluding Income and expendilure account), statement af financial poslilan. slalemenl ol cash Ilows and the related noles. Re4)ectlve responslbllltles of trustees and examlner The charity's ITUStees {who are also the directors ol thg company forth& purposes of company law) are responsible lor the preparation ol the accourrt5 in accordance wth the r8qtsiremenls ol the GOpanIeS Act 2006. Havlng sati51ied myself that the charity is nol sublgGI lo audll under company law, and 15 Iglblg for independenl examinallon, it is my re5ponsibllity lo.. Bxamine the accounts under section 65 01 the charities Act. to follow the procedures lald down In the o8n8ral Directions given by tho Charity Commission fc Northem Ireland uThJor section 6519)Ibl ol the Charities AGI- and to stale whether partilaT matters have come to my attention. Basis of iThlependenl examinevs Tgport I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accDrdance with the generaf DiTeclions glven by the Charity Commission for Norlhern Ireland under section 6519llb} ol th8 Charilles Act. The examlnalion ncluded a rovlew ol th8 accounting rec¢xds kept by th8 charity a c¢Jmparison ol Ihg accounts presented with those records.11 also included conslderatton of any unusual items or disclosures in the accounts, and s@eking explanailons Irom the Iruslees conceming any Such matters. My role is lo slate whalher any material mattpr5 hav9 comè to my attentlon giving me cause to believa: That accounling records w8r8 not kept in accordance wllh sectlon 386 01 the Companies Act 2006 Thai the account5 do not accord th those accounting recllrds That the accounts do not comply wlth the accounllng requSremerrts ol section 396 01 the Companie5 Act 2006 and wtth the methods and PTincipl85 01 th8 Charities Sialemenl ol Recommended Practice applicable lo charities preparing their ac¢ounls in accordance with the Financlal Reportlng Standard applicablg in the UK and Republic of Ireland. Thai th8T8 18 further information needed lor a proper understandlng ol the accounts to be reached.
Bellanaleck Partnership Ltd Company Limited by Guarantee Independenl Examinerfs Report lo the Truslees of Bellanaleck Partnership Ltd (Gontlftued) Year ended 30 June 2017 Independent examlnerfs statement I have completed my examlnailon and have no concerns In respe¢l ol the n7atter511110141115ted above and, In connectiDn wllh follon the Direcllons of the Charliy Commlsslon for Northem Ireland, I have found no mallers that requlre drawlng to your attenllon. GRUDDE Chartered DOLAN LTD ccounlanl 23-25 Dthing Slre&t Ennisknllen Co Fermanagh BT74 7DP
Bellanaleck Parlnershlp Ltd Company Limited by Guarantee Statement of Financial Aclivities (including income and expenditure account) 30 June 2017 2017 Unreslricled funds Total funds Tolal lund5 2016 Notè Incom8 and endowments Oonailons and leg8cles Gharilable aciivilies Inveslmgnt incomo 294.390 100 294,390 100 12.671 100 Total Income 294,490 294.490 12.772 Expendlture Expenthlure on charltable aGlivilies Total expenditure 19.653 19,653 19,653 19.653 19,937 19,987 Nel InGomel(expendlture} and net movement in lunds 274,837 274,837 17.1651 Reconctliation of funds Tolal funds brought Iorward Total lund5 cafTied I031d 144,285) 230.552 {44.2851 230,552 137,1201 144,285 The statemeTrt of financial acllville5 illGdeS all galns and105ses racognlsed in the year. JI IncoTne and exp8ndilure derive from c0nllnu1n activities. Thè not on pages 8 to 14 forni part of these ljnanclal stslpJnenl&
Bellanaleck Partnership Ltd Company Limited by Guarantee Statement of Financial Position 30 June 2017 2017 2018 Flxed assets Tangible fixed assets 13 775,781 795,132 Currerrt assets Cash al bank and in hand 18 CreditOTS- ainDunts lalllng due wllhln one year Net current Ilabllities 14 545,230 545.229 230,552 839,435 839.417 144,2851 144.2851 Total assets less cuffent liabllltles Net assels 230.552 Funds of thE charfty Unrestricted funds 230,552 144,2851 144,2851 Total charlty funds 17 230.552 FDrth8 year endlng 30 Jun8 2017 the charlly was 8nlrtled to exemption Irorn audit under seGtion 477 of tho C¢JIpanieS Act 2006 relating to small GDmpani8s. Trustees, responsibilities: The memb8rs have notrequir8d the oharily lo obtan an audit ol ltsfillanGlal slat8rnenlsforlhe year in question in accDrdance wtlh seclion 476". The1nJstees ackntxedge their responsibifilies for Comy1g wllh thè r[TementS DI tha Act with respecl lo accounllng records and the preparation of financia stalemBnls. These linancSal statements weT8 approved by tho board of tru5t68s and authorised for issu8 on 30 March 2018. and are signed on behall of the board by. Georoe Thornton Truslee Oswald Clemenls Tnjslee 7he notes on pag85 8 to 14 fomi part of th8sp fmanclal slatem8nl&
Bellanaleck Partnership Ltd Company Limited by Guarantee Stalemenl of Cash Flows Year ended 30 June 2017 2017 2016 Cash flow$ from operatlng actlvltle5 Nèl Incomellexpendilure) Adjustments for DeprecialloTr of langib]e lixed assets Other inieresl receivabie and similar Income Interest payable and similar charges Accrued expenses 274.837 (7.1651 19.351 19.598 152 150 139 200 Changes in.. Trade arKI other credttors Ga5h gengraled from op8ralions (294.3551 135 112.7721 Interest paid Interest recefjved (1521 {1391 Net cash used In oporalino actlvitses (17) 11391 Net decrease in cash and cash equivalenls Cash and cash equlvalents at beglnning of yeai Cash and cash equivalents al end of year 1171 18 1139} 157 The nDtes on pagas 8 to 14 lorm part of th6se flnandal ststements.
Bellanaleck Partnership Ltd Company Limiled by Guarantee Notes to Ihe Financial Statements Year ended 30 June 2017 General inlorniallon The Charity Is a prlvate company limlled by guarantee, registered in England and Wales and a reglslered charity in NLvlhem Ireland. The adthess ol the registered officè is 168 Detyin Road. 8ellanaleck, Ennlsklllen. Co Fermanaoh, BT92 2BA, Northeren Ireland. I Statement of compllAnce These Ilnanclal slatements have b8en prepared in compllance whh FRS 102, Yhe Flnanclal Reporting Standard applicab18 in the UK and the RepubllG of ITeland'. th8 Statement of Recommendèd Practice applicable lo charitie5 prEparing th81r accounts In accordance with the Financial Reporting Standard applicable In the UK and Republlc ol IrglarKI IFRS 1021 (Char51ies SORP IFAS 10211 and Ihe Gharilies Art (Northem Ireland) 2CQ8. Accountlng pollcles B3sls of preparalion The financial statements have been prepared on the hisloTical c051 basis, as modified by the revaluallon of certain tinancial assets and liabifilies and investment prop8rties measured at fair value Ihrough income or expenditure. The Iln8ncral 51al8ments are prepared In slerllng. whlch Is the fUnlOnal currenGy of Ihe eDUIy. Golng concern Th8r8 are no matèrial uncertalnlies about th8 charivs ability to GonlinuB. Judgements and key source5 01 esllmatlon uncertalnty The preparation ol the finanGiai statBments requlres management to make ludgem8nts, estimates and assumpltons that affect thè amounts report8d. These èslimales and Judgements are continually reviewed and are based on experience and olher factors. Including ¢xpeGtat48 of future events that are believed to be reasonable und8r the clrcumstanGes. Ac¢Dunting e51imales and assumpllons are made concernlno ihe fthufe and, by Ihelr nature, 11 rarely equal Ihe Telaled achJ81 outcome. Fund accounllng Unrestrfcted funds are avallable for use at the discr8llon of the truste8s lo furthw any ol th8 charitys purposes. Desrgnated funds are unresfricted funds 8arm*ked by the trusl8e5 for parlicular futurg project or commilmenl. RèslriGl8d funds are subjeGled lo reslricllons on their expenditure deGlared bythe donor orthrough th8 terms of an app8al. and fall into one ol tsvo sub-clas5es- restricted income lunds or endowmenl funds.
Bellanaleck Partnership Ltd Company Limited by Guarantee Notes to the Financial Statements (Goijllnued) Year ended 30 June 2017 & Accounllng policle5 (6onilnuBdl Incomlng resources All Incoming resourcès are included In the statement ol Ilnancial advlli8s when entivement has passed to the Gharty- it is probable that ihe econ(]mic benefits as8oGiated wilh the transaGlion 11 flow to the charity and the amount can be rellably measured. The following Specific polici85 are applied lo particular categories ol InGame: income Irom donations or gran15 is recognls8d when there Is eMd8nce ol enlillernent to the gift. recelpt15 probable and its amount can be measured reliably. legacy inccfjnels recognised when reIpt is probabl8 and entiuement is eslabllshed. income from donalgd goods Is measured at the lair valu8 of Ihe goods urdess this Is impracticai lo measure rellably, In which case the value is derfved fmm the cost to the donor or the estimated resale value. Donated faalilies and services are recognised in the accounts when received il Ihe value can be reliably measured. No amounts are induded for the cOntriLtIon ol g8ngral volunleers. income from conlracts for the supply ol seNlces 18 reGognlsed 1h thg delivery of the contracted serGe. This Is dassrfied as unrestricted funds unl95s thoTe 15 a contractual requirement lor11 to be spent on a particular purpose and retumed if unspent, in whiGh case It may be regardod as reslricled. R850WG8S expended Expenditure Ss recogni59d on an aGGruals basls as a liabilily is incued. Expendtture indudes any VAT which cannot be lully recovered, and is dassified under headings ol the slalemenl of linancial activities lo whlch11 relates.- expendllure on raising fund5 indud&s the c051s of all fundraising activities. events. ncTrcharilable trading activiti8s. and the sale ol donated goods. expenditure on chaftlable activities Indude5 all CD51s Incuad by a charty in undertaklng activili8S that further its charitable aims for the benefit ol ils benefiGiaries. includlTWJ those support Costs and costs relaling to th8 govemance of the Gharily apportioned to charltable activilles. othBf expenditure includ85 all expenditure that Is noilher related to raising lunds fcff the charity nor part of its expendflure on charltable activliies. JI sts are allocaled to 8xp6ntffture calggories rolleGling th8 use of th8 resource. Direct costs attrlbulable to a single acbvity are allocated dlrgGlly lo Ihal acllvty, Shared costs are apportioned betwe8n the activi1195 they c(mtribute to on a Teasonablg, justifiab18 aftd consistent basis. Tanglble as5el TangiNe assets are initirY recorded at Gosl subsequently staled at cost less any acGumulal8d depreciation and impairmgnt losses. Any tangible assets Garried at revalugd amounts ar8 recorded at th8 fair V8 al the date ol revaiuallon less arty subs8qU8nl accufflulaled depreciation and subsequent accumulated Impairment losses.
Bellanaleck Partnership Lld Company Limlted by Guarantee Notes to Ihe Financial Statements fconithuedj Year ended 30 June 2017 Accountlng pollcies (oonNnued) Tangible assets {ctsnllnuedJ An increase in the carrying amtyJnt ol an assel as 8 result ol a r&valualion, is recounised in other recognised gains and losses, unless 51 reverses a charge for impalftnenl that has previously been recognlsed as expenditure within the slatgmenl ol financla] aGlivities. A decrease in Iha catTwng afflounl of an asset as a result of revaluatlon, is reGognised in other recognlsed gn5 and losses, except lo which il offsets any wevlous Tevalualion gain, In whlth case the loss is shown within other recognised gnS and losses on iho stalemEnl of linanrial activitiès. Depreclatlon Dopr8datton Is calculated so as to write off the cost rx valuation of an asset, le5511s residual value. over the useful eGonomlc fe of that asset as follows: leasehold propety Plant and machinery 2Yq slraighl line 25Ll/o reducing balanGe Impairment of lixed assels A r8vlew for indicalors of Impaimeni is carried out al each reportlng dale. wllh the recDverable amounl being esilmaled wh2re such Indlcalors exlst. Where the carrylng value exceeds the recoverable amount, Ihe asset Ss Impalreil accordlngly. POr Impwrments are alsu revlewad lor possible reversal at 8ath reportirlg data. Forihe purposes of irnpaimient te511ng, when it is nol possible to estimate Ihe recoverable amount of an individual asset, an estimate is mad8 01 tha recoverable amount ol the cash-generating unlt to which the as5el belongs. The cash-generallno unit is the smdlest idenliliabl8 grDUP of assets that Indudes the assel and generates cash inflows that largety indeperKlent of the cash inflow8 from olher assets or groups ol assèts. For iTnpaÉrment lesling of goothriN. the goodwlll acqulr@d in a busine58 Gomblnatian is, from th8 acquisilion dale. atlocaled to eath ol the cash-generatlng unils that are expecled lo benefrt IrDm the synergies of the combinaliun, irrespecbvB of whether other assels or liabllilies of the charily are assigned lo Ihose un6ts. Government grants GoverrKnent grants are recognised al the lair value ol the a55et received Dr receivable. Grants are not r8cogni5ed urrtil there is reasonable assurance that the charity wll Gomply with Ihp CDnditions altaching to them and the grants wlll be received. Wher& the grant does not impose speclftqd future perfDrmance-reiated conditions on Ihg recipient. 11 Is reGognised in Income when the grant proceeds are received or recElvable. Whgr8 the grant doos Imp05e specifled future porfonnance-relaled conditions on the recipient, il is recognised in Income only when the perfomiance-related condidons have baen mel. Where grants recoived are prforto sali51ying Ihe revenue recognilion crileria, they are recognised as a Ilabilily. 10
Bellanaleck Partnership Ltd Company Limited by Guarantee Notes to Ihe Flnancial Slatements {conllnuedJ Year ended 30 June 2017 Accounting polithes (Conlthtsad) Fln8nGial instruments A tinancial asset or a linandal Ilability is recognlsed only when the charity becom&s a party to the Gonlraclual provisions of the inslrumenl. Basic linandal Instruments are initlally recognlsed at the amount recetvable or payable Including any related transaction costs. Current &ss&ts and owrrent liabililles are 5ub5equ8ntly wneasuTgd al the cash or other Gonsidoralion exp8cEed to be paid or reGelved and not discounted. Debt instruments are subsequently measured al amortised cosL Where Irweslmenls in shares are publicly traded or thelr fair valug can othse be measur8d rEllably, the investment is subsequently measured al lair vajue with changes in fair value reGognised in Income and 8xpendilure. All other such investments are subsequently measured at cost less impaimienL Other Ilnandal Inslrumenls. Includlng derlvattves. are Inlllally recDgnlsBd at lair vabje, unless paymeni IOT an assel Is delerred beyond nornid busln2ss temis or linanced at a rate ol interest Ihal is not a market rate. In which case Ihe assel is measured at the pre5enl value ol the future payments dlscounled al a Maet rale ol Int8resl lor a slmilar debt instrument. OlhwfinanGial inslrumerts are subsequently measured at fr value, with anychanges r¢Gcgnised In the stalernent of financial activities, with the excepllon of hedging i118lruments in a designat8d hedging relationshi). nancial assets that are measured at cost or amort15Ed c051 are reviewedfor obleGtive emdence of impainn6nt at the end of each reportlng dale. 11 there is objecllve evidence ol impaimienl, an ImpairmBnl Ioss is T8cognised under the approprlate headlng In the statemant of flnancial activlti8S in which th8 Mitlal galn was recognised. Far all equity instrumenls regardless ol signllicance, and olherflnancial assets that are individually signiticaml. Ihese are assessed Individually for impairmenl. Other linancsal assels are ettheT assessed individually or grouped on the basis ol slm51ar credh risk characteristic5. Any reversAls of impairmenl are recoonised imrfjeLlialely, lo the extent that the reversal does nol ult in a carrying amount of the financiat asset Ihat exc88ds what the carrying afflount would have been had the impwrmenl not prevlously been recognis8d. Umlled by guwrtee The Trust is a Company limited by guarantee aNJ has no Share capital. In the event of the chailty being wound up, the liability in respect ot th& guaran188 is Ilmiled to £1 per member of the cherlty. 11
Bellanaleck Partnership Lld Company Limiied by Guaranlee Noles to the Financial Statements fconllnu•d) Year ended 30 June 2017 Donauons and legacles Unre51ricled TDtal Funds Unreslrfcted Total Funds Fund5 2017 Funds 2016 Donatlons Donations type 1 281.719 281.719 Granls Gran15 receivable type 1 12.671 12,671 12,671 12,671 294,390 294,390 12,671 12.671 Charilable activltles Unre51Ticlsd Tolal Funds UnreslriEted Totaf Funds Funds 2017 Funds 2016 Other Income frnm charitable aGtiviiles type1 loo 100 100 100 Inveslmenl Income Unreslrictecl Total Funds Unr8stricled TO1 Funds Funds 2017 Funds 2015 Bank Int8r¢st recetvable typ8 1 Expendllure on charllable actlvltles by fund lype Unr8slriat8d Tolpl Funds Unrestricted Total Fund5 Funds 2017 Funds 2016 Charitable acilwty 1- desc In alcs 19,653 19,653 19,937 19,937 Expendllure on charltable acllvllles by actlvlty type Activiiles undertaken Total funds direcuy 2017 Totd fuThJ 2016 Charitabl8 activity l - d8sc In alcs 19,653 19,653 19.937 12
Bellanaleck Partnership Ltd Company Limited by Guarantee Notes to Ihe Financial Statements {conVnu•dJ Year ended 30 June 2017 10. Net Ineomel{expenditure) Nel incomellexpendilurel is slated aflor charglnol{crethting)- 2017 2016 Depracialion ol tangible lixed asset5 19.351 19,59B 11. Independent examinatlon fees 2017 2016 Fees payable to tho ind8pend8nt examlner for: IndepetKJent examination of the financiat slalements 150 100 12. Trustee renwneratlon and expenses No remuneration or other benefits from eMplOent with the charity or a lated entity were roceived by th& Irustees 13. Tangible fixed assats Long 18asehold property Plant and machlnery Cost At 1 Jul 2016 and 30 Jun 2017 DeprecFation At 1 July 2016 Charg8 for the year Al 311 Jung 2017 897.660 27,917 925,577 106.689 17,953 124,642 23,756 1.898 25,154 130,445 19,351 149,796 Carrying amourrt At 30June 2017 773,018 1763 775.781 At 30 June 2016 790.971 4,161 795,132 14. Credllors: amounts falling due wlthln one year 2017 2016 Trade creditors Accruals and deferred Incomg 281.718 557.717 545,196 545,230 839.435 13
Bellanaleck Partnership Ltd Company Limited by Guarantee Notes to the Financial Statements (coTrllnu8d) Year ended 30 June 2017 15. Delwred income 2017 2016 At l July 2016 544.846 557,517 16. Government grants Tho amounts recoon159d in the financial stalem8Trts f govemment grants are as follows." 2017 2016 Recogni5ed in Gredilors: Deferred govemmenl grants due wllhin one year 544,846 557.517 17. Analysls ot charitabl8 funds Unrestricted funds At 30 June 201 At 1 July 2018 Income Expendllure Gen8ral funds 144,2851 294,490 (19,6531 280,552 l& Analysls of net assets between ndS Unrpslricted Total Funds Funds 2017 Tangiue fixed a55ets CuJTent a55els CrerfitOTS less Ihan 1 year Net assets 775.781 775,781 1545.2SOI 1545.2301 230,552 230,552 19. Flnanclal Irthments Thg Cn9 amount for each category of Ilnancial inslrumpnl Is as lollows: 2017 2016 Financlal assets that are debl Instruments meJ6ured at amortised cost Financial assets that are debt instruments measured at aMlISed cost 18 Flnanclal liabllllles measured at amortlsed cosl Financial labllili8s measured al amortised cost 545.230 839.436 14