2024-03-31-accounts

BRAID cOM￿￿NITy ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CHAIUTY REG NO: I(K1677 COMPANY LIMTED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL COMPANY NO: N1617382

BRAID COMMUNITY ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Page Administrative details Report of the Board of Trustees Independent Examiners, Report to the Trustees Statement of Financial Activities Balance Sheet Noteg to the Financial Statements 9-12

BRAID COMMUNITY ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ADMINISTRATIVE DETAILS Charitable company name Braid Community Association Charity reference number NIC I(M)677 Company reference number N16l7382 Registered Office 37 Longmore Road The Braid Ballymena County An(rim BT43 7JR T￿￿teeS Denise Forde Carmel McKendry Maeve Bird Mary Elizabeth Devine Moira Dobbin William Mitchell Rosaleen Mitchell Treasurer Rosaleen Mitchell Secretary Cannel McKendry Independent Examiner K Higgins FCA 9 Knockanully Road Martinstown Ballymena BT43 7LZ Bankers Sanlander Bank 131 Church Street Ballymena BT43 6DG

BRAID COMMUNrrY ASSOCIATION REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Board of Trustees p￿sent their re￿)rt and financial statements of the Association for the year ended 31 March 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the Association. The financial statements have been prepared in accordance with the accounting policies set out in the note.s to the financial statement.s and comply with the Association's governing document, the Charities Act (Northern Ireland) 21K)8, Charities (Accounts and Reports) Regulations (Northern Ireland) 2015, and Charities SORP (FRS 102) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). REFERENCE AND ADMINISTRATIVE DETAILS Reference and administrative details are shown in the schedule of Trustees of the Association and professional advisers on page l of the financial statements. TRUSTEES OF THE ASSOCIATION The Directors of the Association are its Trustees for the purpose of charity law. The Trustees who setved the company during the year were as follows: Denise Forde Carniel McKendry Maeve Bird Mary Elizabeth Devine Moira Dobbin William Mitchell Rosaleen Mitchell PUBLIC BENEFIT STATEMENT The directors of Braid Community ASS￿latIon confinn that they have had due regard for the guidance on Public Benefit by the Charity Commission for Northern Ireland and are pleased to report that during the period the As.%ociation continued to provide the Public Benefit.% through programmes and services we offer. In particular, the directors consider how planned activities will contribute to the aims and objectives they have set. Public Benefits The direct benefits which flow from the objectives of Braid Community Association are to turn the fornier Old Braid Primary Schix)l into a community cenlre. offering classes and a meeting place

BRAID COMMUNITY ASSOCIATION REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 PUBLIC BENEFrr STATEMENT (continued) where people of all ages can get together and interact as currently there is no cross-community space available in the area, and in so doing reduce the effects of rural isolation and improve the health of the community. There is no private benefit flowing from the purposes. OBJECTIVES AND ACTIvrrIES The principal activities of the Association ate as stated in its constitution: To promote the benefit of the inhabfttanls of the Braid Valley and district, County Antrim, without distinction of gender. sexual orientation, age, disability, race, ethnicity, or political, religious or other opinion by associating with the statutory authoritie.g. voluntary and community organisations and inhabitants in a common effort. STRUCTURE GOVERNANCE AND MANAGEMEiYr Governin Document Br(iid Community Association 18 a company limited by guarantee not having a share capital and avails of the use of 'Limited' exemption. The Company was incorporated on 19 March 2013. The Association is registered with the Nl Charity Commission as of 09 October 2014 - Charity No". i(X)677. anisational structure and related arties Responsibilities for the activitie,s of the Association is vested in and carried out by a Board of Trustees which meets at intervals throughout the period. Truslees may be appointed by resolution of a meeting of the Board of Trustees. None of the Trustees receive remuneration or other benefit from their work with the charily. Any connection between a Ttustee of the ch<￿ItY with a contracted supplier must be disclosed to the full Board in the same way as any other conlractual relationship with a related party. In the current year there are no such related party transactions to report. Recruitment a intmen induction and trainin The Board of Trustees have been involved in the Association for several years and so are familiar with its work. The Trustees regularly revftew the requirements of the Association and the possibility of a need for additional Trustees. Appropriate training and induction are available to all new Trustees. Financial risk rnana ement ob"ectives and licies The Trustee.% have overall responsibility for ensuring that the Association has in place an appropriate systern of controls. financial and otherwise. The Trngtees have assessed the major risk.s to which the Association is exposed, in particular those related to the operations and finances of the Association and are satisfied the systems are in place to mitigate any exposure to major risks.

BRAID COMMUNrrY ASSOCIATION REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (continued) ACHIEVEMENTS AND PERFORMANCE The Company is a non-profit making organisation. Total income for the year amounted to £4,722 (2023.. £6,720). Income derived from donations and legacies amounted to £nil (2023: £nil) and other income amounted to £4,722 (2023: £6,720). Total expenditure for the year amounted to £4,742 (2023: £5.794). The net income for the year amounted to (£20 (2023: £926) with net assets of £3,485 {2023: £3.506) at 31 March 2024" made up of £1.712 (2023- £1.497) unrestricted funds and £1,773 (2023: £2,009) of restricted funds. The Trustees consider that the Association is in a satlsfactory pogition to carry on its charitable activities. The Charity has succes.sfully provided a range of activities to targe( groups in (he year. The Old Braid Primary School was used throughout the year by the Koinonia John ihe Baptist group and catering for after local funeral.s Braid Community Association are graleful to the Community Fund NI and DEARA for their generous funding in 2023 - 2024. PLANS FOR FtrruRE PERIODS There are no major changes envisaged in the foreseeable future. TRUSTEES RESPONSIBILITY STATEMEI The Tru,stees (who are also the directors of Braid Community Association) for the purpo%es of company law) are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting Practice) Encluding FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" The law applicable to charities in Northern Ireland requires the directors to prepare financial 8t<ltements for each financial period which give a true and fair view of the of the Ag8ociation and of the incoming resources and application of resources, including the income and expenditure, of the Association for that period. In preparing these financial statements, the directors are required to: select suitable accounting p)licies and then apply them consistently. observe the methods and principles in the Charities SORP 2015 (FRS 102). make judgements and accounting estimates that are reasonable and prudent. state whether applÈcable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Association will continue in operation.

BRAID COMMUNITY ASSOCIATION REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES RESPONSIBILITY STATEMENf (CONTINUED) The Trustees are responsible for keeping prottr accounting records that discIose with reasonable accuracy at any time the financial position of the Association and enable them to ensure that the financial statements comply with the Companies Act 21M)6. Charities Act (Northern Ireland) 2008 and The Charities (Accounts and Reports) Regulations (Northem Ireland) 2015. They are also responsible for safeguarding the assets of the Association and hence for tth'ng reasonable steps for the prevention and detection of fraud and other irregularities. In so far &s the Trustees are aware: there is no relevant inforniation of which the Association's Independent Examiner is unaware. the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevanl information and to establish that the independent examiner is aware of that inforn]ation. INDEPENDENf EXAMINER A resolution proposing K Higgins FCA to be re-appointed &s independent examiner will be put fonvard at the Annual General Meeting. SMALL COMPANY EXEMFfIoNS This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companie.% Act 21)06. By Order of the Management Committee: Registered office: 37 Longmore Road The Braid Ballymena BT43 7JR Denise Forde Isep 19. 2024 21..33GMT+ii Ms Denise Forde Trnstee Approved by the Trnstees OD: Date: 19 September 2024

BRAID COMMUNITY ASSOCIATION INDEPENDEwf EXAMINER'S REPORT TO THE MEMBERS OF BRAID COMMUNITY ASSOCIATION FOR THE YEAR ENDED 31 MARCH 2024 I report on the accounts of Braid CommunAty Association for the year ended 31 March 2024 &8 set out on pages 7 to 12. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENf EXAMINER The Trustees (who are also the directors of Braid Community Association) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2(K)6. It is my respongibility to: examine the accounts under section 65 of the Charities Act (Northern Ireland) 2(K)8. follow the pmcedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charitie8 Act; and state whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S STATE￿￿NT I have examined your Charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Cotnmission for Northern Ireland under section 65(9)(b) of the Charities Act. My examination included a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or di.sclosures in the accounts and seeking explanations from you as Trustees conceming any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: l. That accounting records were not kept in accordance with .seclion 386 of the Companies Act 2(X16 2. That the accounts do not accord with those accounting records 3. That the accounts do not cornply with the accounting requirement.g of section 396 of the Companies Act 2(K)6 and with the meth(Kl.% and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. 4. That there is further information needed for a proper understanding of the accounts to reached. INDEPENDEwf EXAMINER'S STATEMENr I have completed my examination and have no concerns in respect of matters ( l ) to (4) listed above and, in connection with following the directions of the Charity Commission for Northern Ireland, I have found no matters that requi￿ drawing to your altention. K Higgins FCA 9 Knockanully Road Martinstown Ballymena BT43 7LZ DATE: 19 Sepieiiiber 2024

BRAID COMMUNrrY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Total Funds 2024 Total Funds 2023 Unrestricted Restricted Funds Funds Note Income from: Donations and legacies Charitable activities Other trading activities 1,195 3527 4,722 6,720 Total income 1,195 3527 4,722 6,720 Expenditure on: Charitable activities Other costs 980 3,763 4,742 5,794 Total expenditure Net income 980 3,763 (236) 4,742 21 5,794 215 926 Net movement Rn funds 215 (236) 21 926 Reconciliation of funds: Total funds brought forward Total funds carried forward 1,497 1,712 3506 3,485 2,579 1,773 3,506 The Association has no recogniged gains or losses in the year other than those included in the Statement of Financial Activities. All the operations of the Association are classed as continuing.

BRAID COM￿￿NITy ASSOCIATION BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Current assets Cash at bank and in hand 3,850 3,871 Creditors: amounts falling due within one year 365 365 Net current assets 3.485 3,506 Total assets le&s current liabilities 3,485 3,506 Creditors: amounts falling due after one year Net assets 3,485 3,506 Charity Funds Unre,stricted funds Restricted funds 1,712 1,773 3,485 1,497 2,009 3,506 The Directors are satisfjed that ihe Company is entitled to exempiion from the provisions of ihe Companies Act 2(X16 (the Act) relating to the audit of the financial statemenls for Ihe year by virtue of section 477(2) relaling io small companie,s. and that no member or tne1nl￿rS have requesied an audit pursuant to seclion 476{1) of the Act. The Directors acknowledge their responsibilities for complying with the requirementg of the Act with respect lo accounting records and the preparation of accounts. Approved and authorised for issue by the Ttustees and are signed on their behalf by." DeDise Fnrile (Sep 19, 2024 21=33GMT+ll Rosaleen l.lilchell Isep 20. 2024 02..47 GMT+ll Denise Forde, Chairperson Rosaleen Mitchell, Treasurer Date: 19 September 2024 Date: 19 September 2024 The notes on pages 9 to 12 forni part of these financial statements.

BRAID COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 l. AccouwfING POLICIES (a) General inforniation and basis of re aration Braid Community Association is a charitable company limited by guarantee and does not have any share capital. It registered as a charity with The Charity Commission for Northern Ireland on 19 October 2014 and it is incorporated in Northern treland. The address of the registered office is given in the charity inforniation on page l of these financial statements. The Association constitutes a public benefit entity &$ defined by FRS 102. Statement of com liance The financial statement8 have been prepared in compliance with Accounting and Reportlng by Charities." Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). Charitie% Act (Northern Ireland) 2(X)8, the Charities (Accounts and Report.$) Regulations (Northern Ireland) 201, the Companies Act 2(X)6 and UK Generally Accepted Practice. The significant accounting policies applied in the preparation of these financial statement.g are set out below. These policies have been consistently applied to all periods presented unless othenvise stated. These financial statements have been prepared under the historical cost convention, as modified by the revaluation of inveslments. (b) Funds Unrestricledfunds.. General funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Association which have not been designated for other purpose. Re.slrictedfunds.' These are funds that can only be used for particular restricted purposes within the objects of the Association. Restrictions arise when specified by the donor or when the funds are raised for particular purposes. 91Pa

BRAID COMMUNITY ASSOCIATION li NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (continued) ACCOUNTING POLICIES (c) Income reco nition All incoming resources have been included in the financial statements using the accruals basis except for donations, legacies and bequests which are included in the financial statements using the receipts basis. Income from government and other grants are recognised at fair value when the Association ha8 entitlement after any perforniance condition.g have been met. Income from charitable activities includes income earned from fundraising events and trading activities to raise funds for the Association. Income 1% received in exchange for supplying goods and servAces in order to raise funds and is recognised when entitlement has occurred. enditure reco nition All expenditure is accounted for on accruals b&8is , inclusive of V AT which cannot be recovered and has been classified under headings that aggregate all costs related to the category. Expenditure is recogniged where ihere is a legal or constructive obligation to make paymenLs to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: Expenditure on charitable activities includes those costs incurred by the A.%gociation in the delivery of its activities and services for its beneficiaries. It include8 both cost,s that can be allocated directly to such activities and those costs of an indirect nature necessary to support them; and Other expendilure represents those items not falling into the categories above. All costs are allocated between the expendilure categories of the SOFA on a basis designed to reflect the use of the resource. (e) Debtors and creditors receivable / able within one ear Debtors and creditors with no %tated intetest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairn]ent are recognised in expenditure. (D Taxation No provision is required for taxation as the Association is defined as a charitable company for taxation purposes. (g) Goin concern The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial

BRAID COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (continued) I. ACCOUNTING POLICIES (g) Going concern (continued) statementg. The budgeted income and expenditures are sufficient with the level of resources for the Association to be able to continue as a going concern. INCOME FROM DONATIONS Total Funds Total Funds 2024 2023 Unr£strieted Restricted funds funds Donations 3. INCOME FROM CHARrrABLE ACTIVITIES Total Funds Total Funds 2023 2023 Unrestricted Restricted funds funds Grants- revenue Hall Rents & cla.sses Fundraising concert Other 3527 3527 1,175 3,294 1,255 2,160 1,175 20 1,195 3527 4,722 6,720 Analysis of restricted income from charitable activities= 2023 2021 Grants -reveDue: Community Fund NI Mid & East Antrim BC DEARA 2,994 300 527 3,527 3,294 11 IPa£e

BII41D COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (continued) 4. ANALYSIS OF EXPENDITURE ON CHARITABLE AcfIvITIES Total Funds Total Funds 2024 2023 Unrestricted Restricted funds funds Heat, Light & Power Insurance Office Costs Premises costs Accountancy Rents paid Memberships 955 955 1525 1,335 1,398 625 976 365 1,095 1525 873 365 873 365 25 3,763 4,742 5,794 TAXATION The Association is not registered for VAT and accordingly, all their expenditure is inclusive of VAT incurred. 6. CREDITORS: amounts falling due wRthin one year 2024 2023 Accountancy fees 365 365 365 365 7. RELATED PARTY TRANSACTIONS There were no related party transactions during the period (2023 - £Nil). 121Page

Braid Sorp Accs 31.03.24 Final Audit Report 2024-09-20 creat￿.. 2024-0￿19 By.. KeMn HpJgins Ikhiggrns6o2@Mna1.￿.uk) Status.. Trans￿1￿ ID: CBJcHBCAABA4￿T￿s0vtxsoZH4z0_H9aulk "Braid Sorp Accs 31.03.24" History Dccument created by Kevin Higgins ([e-mail]) 2024-09-19- 4:43:00 PM GMT * D￿Urnent emailed to [e-mail] for signature 2024419-19- 4'.44'.20 PM GMT Email vieaved by denise.forde@yahc().co.uk 2024-￿19- 8..26..04 PM GMT bo Signer [e-mail] entered name at signing as Denise Forde 2024-0￿19- 8:33:57 PM GMT Document e-signed by Denise Forde (denise.f¢[e-mail]) st￿ture LTrate.' 2024W19. 8:33:59 PM GMT- TITh￿ Source: ser P. Document emailed to Rosaleen Mitchdl (rosaleen.mitche11191 @yahoo.com) for signature 2024-09-19- 8'.34.'01 PM GMT Email viewed by Rosaleen Mitchdl (rOSal￿n.M1lchel1191 @yahoo.com) 2024-0&20- 1:44.'51 AM GMT D￿urnent epsigned by Rosaleen Mitchell (rosaleen.mitche11191 @yahoo.ccn) Signature Date.. 202¢0￿20. 1:47:48 AM GMT . Tww Srnffce.. sw E*1 Document emailed to Kevin Higgins ([e-mail]) for signature 2024.￿20 - 1.47.50 AM GMT Email viewed by Kevin Higgins (kh￿[e-mail]) 2024￿20- 8.'25.'43 AM GMT DC￿ment e-signed by Kevin Higgins ([e-mail]) SwJnaiwe Date.. 2024-09-20. 8..26..18 AM GMT. fNne s(K￿Ce.. $ev￿r Q Adobe Acrobat Sign