## **BALLYLOUGH LIVING HISTORY LIMITED** 

## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 30 JUNE 2025**_ 

The trustees present their annual report and financial statements for the year ended 30 June 2025. 

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's memorandum and articles of association, the Companies Act 2006 and "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) (effective 1 January 2019)". 

## **Objectives and activities** 

The charity's objectives are: 

- to advance and promote education and skill development of the public (especially the local community), focussing on the local, history, heritage and area, in any charitable way. 

- to advance community development for the benefit of the inhabitants in and around Ballylough; in particular through promoting improved infrastructure. 

- incidental to the above objectives. To encourage young students, who are in need of assistance, to put their skills into action by actively seeking to employ such persons through voluntary or paid work in any area of the charity’s work. Nothing in the articles shall authorise an application of the property of the charity for purposes which are not charitable in accordance with section 2 of the Charities Act (Northern Ireland) 2008. 

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. 

## **Achievements and performance** 

The various assets and amenities that the charity have access to have been maintained and kept for future use. In the current circumstance the charity is unable to host events, or work with volunteers as before, or work on any projects, until such time as further agreements and a settlement can be reached with the owner of the property. 

## **Planning for future periods** 

Our priorities for the following year remain wellbeing and education, using heritage and outdoors. Plans for hosting events and volunteers is currently on hold and we hope that once the above agreements and settlement has been attained the charity will be able to resume all activities previously engaged in. The charity is currently being supported by one of the trustees in an effort to maintain the charity status until that time arrives. 

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## **BALLYLOUGH LIVING HISTORY LIMITED** 

## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2025**_ 

## **Financial review** 

The results for the year are set out on page 5. The organisation returned net expenditure for the year of £8,577 (2024: £18,875). At 30th June 2025 the total funds of the charity amounted to £-26,961 (2024: £-18,384 ) comprising of £-44,959 of unrestricted funds and £17,998 of restricted funds. 

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. 

## **Structure, governance and management** 

The charity is a company limited by share capital. 

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: 

Mr H Montgomery (Resigned 14 April 2025) Mrs H Reade (Resigned 14 April 2025) Mr D S Traill (Resigned 18 April 2025) Mrs J Traill Mr S M Traill Mr J Witchell (Resigned 14 April 2025) Mr B Curry (Resigned 30 April 2025) 

The management of the Charity is the responsibility of the Trustees who are elected under the terms of the Memorandum and Articles of Association. 

## **Going Concern** 

The charity will resume operations to allow it to continue to function in the future.  However the charity is reliant on the support of the trustees to allow it to continue as a going concern 

The trustees' report was approved by the Board of Trustees. 

**Mrs J Traill** Trustee Dated: 29 April 2026 

## **Mr S M Traill** 

Trustee Dated:29 April 2026 

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