REGISTERED COMPANY NUMBER: M027554 (Northern Ireland) REGISTERED CHARITY NUMBER: NIC101358 Report of the Trustees and Unaudited Financial St8tements for the Year Ended 31 March 2023 for BALLYMOTE COMMUNITY PROJECT LIMrrED M.B.McGrady & Co Chartered Accountants Rathmore House 52 St Patricks Avenue Downpatrick Co. Down BT30 6DS
BALLYMOTE COMMUNITY PROJECT LIMITED Contents of the Financial Staternents FOR THE YEAR ENDED 31 MARCH 2023 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet 6 to 7 Notes to the Financial Statements
BALLYMOTE COMMUNITY PROJECT LIMITED Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023 The trustees who are also diIe¢tors of the charity for the purposes of the Companies Act 2006, present their report with the fmancial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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 l January 2019). oBEcTIVEs AIYD ACTIVITIES Objectives and ain The charity's mission statement is as follows.. the development of a strong community Spirit through the creation of pride, employment and training opportunities and social interaction within its lo¢al area. The key strategic objectives set for the year continues., l. To encouTage people to become active in a voluntary capacity, organise groups if required and use the facilities offer¢d within the community centre to make life better for themselves and their neighbours. 2. To create job and training opportunities to people of all ages within the local community thiough the provision of a range of business units, offices, training rooms and catering facilities at favourable ternis to encourage inward investment in people within the geographic area. 3. To rther the education of people in a range of skills in the Tetail and service sectors and tbrough opportunities to participate in non-vocational education, numeracy, lit¢ra¢y and other life-long skills. 4. To provide assistance in small amounts of Start-up finance or rent holidays and technical or busin¢55 advice to assist and create new businesses to gTOW or to maintain existing businesses. 5. To continue to provide community based initiatives throush debt advice, community development Se]CeS, grant advice services and a wide range of health services which all help to encourage unemployed and disadvantaged people to find ways to improve their circumstances and enhance their personal development. STRATEGIC REPORT Financial review Principal nding sources The principal funding sources of the charity is through rental income of business units, office5. training roorns and catering faciliti¢s situated within tbe community centre. Reserve5 policy The trustees have examined the charity's requirements for reserves in light of the main risks of the organLSation. It has established a policy whereby the unrestricted funds not committed or invested in taDgibl¢ fued assets held by the charity should be between 3 to 6 Months expenditure. Future plans The charity is committed to the continued provision of cuent services subject to satisfactory thnding arrangements. The trustee5 of the charity inCUed expenditure of £38,695 within the fmancial year on car parking. Of the £70.000 desiated reserves set aside previously In relation to projects there remains at the end of the fmancial year 31 March 2023, £31,305 for future additional car parking and internal upgrading of the building to provide enhanced energy provisions.
BALLYMOTE COMMUNITY PROJECT LIMITED Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing documenL a deed of trust, and constiNtes a limited company, limited by guarantee, as defmed by the Companies Act 2006. The organisation is a Charitable company 17rnited by guarantee, incorporated on 14th June 1993 and Tegi5tered as a charity on 15th September 2015. The company w85 established under a MemoTandum of Association which established th¢ objects and powers of the charitable company and is governed under its Articles of Association. The Memorandum lists the company's objects as the advancement of community development for the public benefit in Downp8trick (the area of benefit"), in particular but not exclusively by any or all of the following means: (i) supporting and developing the work of the conununity and Yoluntary groups in charitable activity which seek to improv¢ the quality of life of the inhabitants of the area of benefjt; (li) the creation of training and employment opportunities for the unemployed by the provision of workspace, buildings andlor land for use of favourable temis; (iii) the advancement of education, training or retraining, particularly among unemployed people, and providing unemployed people with work experience. (iv) the piovision of financial assistance, technical assistance or business advice or consultancy in order to provide training and employment opportunities for unemployed people in cases of fancial or other charitable need through help in setting up their own business or to existing businesses. In the event of the company being wound up, members are required to colltribute an amount not exceeding £1. Recruitment and appointment of new trustees The directors of the company are also charity trustees for the purpose of charity law and undeT the company's articles of association shall manage the business of the company and exercise all powers of the company. At each annual general meetin8. one third of the directors retiie by rotation. I)ue to the nature of the charity's work, the trustees seek to ensure that the needs of the community are appropriately reflected through the diversity of trustees. To enhance this, trustees are sought who have an interest and understanding of the charity's work. Organisational structure The Centre is a social enterprise managed by a voluntary boaTd of members. The board oversees the centre through a general manager who has designated responsibility for the day to day operational management of the centre, individual supervision of the staff t¢am and ensuring that the team continue to dcvelop their skills and working performance in line with good practice. The fmancial aspect of the centre is managed by the charity's fmance offIcer whose function is to monitor and report to the board to enable them to make infomied funding dectsions for the charity not only for the present but also in ensuring the charity's objectives are sustained going foTwaTd. Charity Commtttee Mr Patrick Kelly- Chairperson Mr Derniot McNabb - Vice Chairperson Ms Mary Maguir¢ Mr Patrick Peake Mr Joseph Torney Mr Eamonn McGrady- Secretary Mr Richaid McGreevy Mr Joe Mcstay Mr Stsven Austin Related parties There are no related parties within the fman¢ial year under review.
BALLYMOTE COMMUNITY PROJEcf LIMITED Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1027554 (Northern Ireland) Registered Charity number NIC101358 Registered offIce 40 Killough Road Downpatrick BT30 6PY Trustees Ms M Maguire Mr D McNabb Mr P J Kelly Mr P Peake Mr J Tomey Mr E McGrady MT R McGreevy Mr S Austin (appointed 111812022) Mr J Mcstay (appointed 811112022) Company Secretary Mr E McGTady Independent Exsminer Mr Conaill McGrady FCA M.B.McGrady & Co Chartered Accountants Ratknnore House 52 St Patricks Avenue Dovmpatrick Co. Down BT30 6DS Banker5 AIB 42 - 44 Hill Street Newry BT34 IAU Solicitors Scullion & Green 50 St Patrick's Avenue Downpatrick BT30 6DW Report of the trustees, incorporating a strategic repor¢ approved by order of the board of trustees, as the company directors, on 31 October 2023 and signed on the board's behalf by., Mr J Torney - Trustee
Independent Examiner's Report to the Trustees of Ballymote Community Project Limited I report on the accounts of the company for the year ended 31 March 2023, which are set out on pages flve to elev¢n. Respective responsibilities of charity trustees and examlner As the charity's trustees (and also the directors for the purposes of company law) you are responsible foT the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent exam2nation, it is my responsibility to.. examine the accounts under Section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Commission foi Northern Ireland under Section 65(9)(b) of the Charities Act state whether particular matt¢rs have come to my attention, Basis of the independent examiner's report I have examined your chai'ity 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 Commission for Northern Ireland under Section 65(9)(b) of the Chai'ities Act. The examination included a review of the accounting record5 kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and s¢eking explanations from you a5 charity trustees concerning any 5u¢h matters. My role is to state whether any material matters have Come to my attention giving me cause to believe: That accounting records were not kept in accordance with Section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the ac¢ounting requirements of Section 396 of the Companies Act 2006 and with the rnethods and pi'inciples of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with tbe Financial Reporting Standard applicable in the UK and Republic of Ireland That there 15 further information needed for a proper understanding of the accounts to be r¢ached. Independent examiner's statement I have completed my exatnination and have no concerns in respect of the matters (l) to (4) listed above and, in connection with following the Directions of the Chai'ity Commission for Northern Ireland, I have found no matters that require thawing to your attention. Mr Conaill McGr FCA The Institute of Chartered Accountants in Ireland M.B.McGrady & Co Chartered Accountants Rathmore House 52 St Palricks Avpiiue Downpatrick Co. Down BT30 6DS 31 October ?023
BALLYMOTE COMMUNITY PROJEcf LIMITED Statement of Finanelal Aetivities FOR THE YEAR ENDED 31 MARCH 2023 3113123 Total funds 3113122 Total funds Unrestricted funds Restricted fund Notes INCOME AND EIWOWMENTS FROM Charitable activities GENERAL 185,049 185,049 169,321 EXPEIYDITURE ON Charitable activities GENERAL 200,944 200,944 168,582 NET INCOMEI(EXPENDITURE) (15,895) {15,895) 739 RECONCILIATION OF FUNDS Total funds brought forward 1,808,720 1,808,720 1,807,981 TOTAL FUNDS CARRIED FORWARD 1,792,825 1,792,825 1,808,720 CONTINUING OPERATIONS All income and expenditure has arisen from continuing activities. The notes form part of these financial statements
BALLYMOTE COMMUNITY PROJECT LIMITED Balance Sheet 31 MARCH 2023 3113123 Total funds 3113n2 Total funds Unrestricted funds Restricted fund Notes FIXED ASSETS Tangible assets 1,526,114 1,526,114 1,538,209 CURRENT ASSETS Debtors Cash at bank 16,295 269,461 16,295 269,461 14,633 272,346 285,756 285,756 286,979 CREDJTORS Amounts falling due within one year (19,045) (19,045) (16,468) IYET CURRENT ASSETS 266,711 266,711 270,511 TOTAL ASSETS LESS CURRENT LIABILITIES 1,792,825 1,792,825 1,808,720 P4ET ASSETS 1,792,825 1,792,825 1,808,720 FUNDS Unrestricted llds 1,792,825 1,808,720 TOTAL FUNDS 1,792,825 1,808,720 The charitable company is entitled to exernption from audit under Section 477 of the Companies Act 2006 foi the year ended 31 March 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing fanCIal statements which give a true and fair view of the state of affairs of the charitable company as at the end of each fall¢la1 year and of its surplus or deficit for each fUncl21 year in accordance with the requirement5 of Sections 394 and 395 and which otherwise comply with the requiiements of the Companies Act 2006 relating to f]nancial statements, so far as applicable to the charitable company. (b) The notes forn] part of these fLnancial statements
BALLYMOTE COMMUNITY PROJECT LIMITED Balance Sheet- continued 31 MARCH 2023 These f]nancial statement5 have been prepared in accoTdance with tlje provisions applicable to charitable companies subject to the small ¢ompanies regime. The financial stateLnents were appToved by the Board of Trustees and authorised for issue on 31 October 2023 and were signed on its behalf by.. Mr P J Kelly- Trustee The notes form part of these financial statements
BALLYMOTE COMMUNITY PROJECT LIMITED Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES Basis of preparing the financial statement5 The financial statements of the char7lable Company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recornmended Practice applicable to charities preparlng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK alld Republic of Ireland, and the Companies Act 2006. The fanCIal statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and th¢ amount can be measured reliably. Expenditure Liabilities are recognised as expendiNre as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefIts will be required in settlement and the amount of the obligation can b¢ measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the Category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed Sssets Depreciation is provided at the following annual rates in order to write off each asset over it5 estimated useful life. Freehold Property- 2010 straight line Plant and Machinery - 20 0/0 reducing balance Fixtures and Fittings - IOO/o reducing balance Equipment_ 200/0 reducing balanc¢ Taxation The cbarity is exempt from COTporation tax on its charitable activities. Fund aecounting Unrestricted funds Can be used in accordance with the charitable objective5 at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Furtber explanation of the nature and purpose of each fund is included in the notes to tbe fjnancial strdtements. PensRon costs and other post-retirement benefits The Charitable company operates a defJJ]ed contribution pension scheme. Contributions payable to the charitable companys pension scheme are charged to the Statement of Financial Activities in the period to which they relate. continued...
BALLYMOTE COMMUNITY PROJECT LIMITED Notes to the Financial Statements- continued FOR THE YEAR ENDED 31 MARCH 2023 NET INCOMEIIEXPENDITURE) Net incorne/(expendIre} is stated after chargin(CreditIng)'. 3113123 3113ll2 Independent examination fees Depr¢ciation - owned assets 2,200 50,790 2,000 50,559 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. Trustees, expenses There were no trustees, expense5 paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. STAFF COSTS The average monthly number of employees during the year was as follows,. 3113123 3113122 Employees No employees received emoluments in excess of £60,000. TANGIBLE FIXED ASSETS Fixtures and rittings Freehold property Plant 2nd machinery Equipment Totals COST At l April 2022 Additions 2,307,616 38,695 17,560 78,520 5,773 2,409,469 38,695 At 31 March 2023 2,346,311 17,560 78,520 5,773 2,448,164 DEPRECIATION At l April 2022 Charge for year 803,948 46,926 13,518 808 48,080 3,044 5,714 12 871,260 50.790 At 31 March 2023 850,874 14,326 51,124 5,726 922,050 NET BOOK VALUE At 31 March 2023 1,495,437 3,234 27,396 47 1,526,114 At 31 March 2022 1,503,668 4,042 30,440 59 1,538,209 continued...
BALLYMOTE COMMUNITY PROJECT LIMITED Notes to the Financial Statement5 - continued FOR THE YEAR ENDEID 31 MARCH 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113123 3113n2 Trade debtors Other debtors 15,678 617 14,226 407 16,295 14,633 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113123 3113122 Trade creditors PAYE & NIC 3,632 790 666 240 6,468 8,304 Pension VAT Accruals and deferTed income 6,894 8,519 19,045 16,468 MOVEMENT IN FUNDS Net movement in funds Tr2nsfers between funds At 3113123 At 114122 Unrestricted funds General fund Designated fund 1,738,720 70,000 (15,895) 38,695 (38,695) 1,761,520 31,305 1,808,720 {15,895) 1,792,825 TOTAL FUNDS 1,808,720 (15,895) 1,792,825 Net movement in funds, included in the above are as follows., Incoming resources Resource5 expended Movement in funds Unrestricted funds General fund 185,049 (200,944) (15,895) TOTAL FUIYDS 185,049 (200,944} (15,895) io continued...
BALLYMOTE COMMUNITY PROJECT LIMITED Note5 to the Financial Statements - eontinued FOR THE YEAR ENDED 31 MARCH 2023 MOVEMENT IN FUIqDS - continued Comparatives for rnovement in funds Net movement in funds At 3113ll2 At 114121 Unrestricted funds General thnd Designated fijnd 1,737,981 70,000 739 1,738,720 70,000 1,807,981 739 1,808.720 TOTAL FUNDS 1,807,981 739 1,808,720 Comparative net movement in fimds, included in the above are as follows.. Ineoming resources Resourcos expended ovement in fund5 Unrestricted funds General fund 169,321 (168,582) 739 TOTAL FUNDS 169,321 (168,582) 739 Transfers between funds The charity has designated £70,000 of its current reserves for the future replacement of car parktng facilities onsite and joint fidIng of a new filling station project. During the financial year the charity incurred expenditure of £38,695 in relation to the car park. This has been transferred to general reserves leaving a designated reserves balance of £31,305 to nd the remaining filling station project. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2023.