REGTeRED COMPANY NUBER. N11127554 (Northern Ireland} REGISTERED CHARITY NUMBER: NIC101358 Report uf the Trustees and Utt4udlted Flnancial Statem¢ttts for the Year Ellded 31 March 2024 for BALLYMOTE COMMtrNITY PROJECT LIMITED M.B.McGrady & Co Chartered Accountants R3thmore House 52 St Patrick5 Avenue Dowupairick Co. Down BT30 ODS
BALLYMOTE COMMUNITY PROJECT LIMITED Contents of the Finoneial Statements FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees Independent Exatniner's R¢port Statement of Financial Activities Ba12n¢e Sheet Notes to the Financial Statements 8 to 11
BALLYMOTE COMMUNITY PROJECT LIMITED Report of the Tru5ttes FOR THE YEAR ENDED 31 MARCH 2024 The tsusttts who are also directors of the chArity for th¢ PUryM)ses of the Companies Act 2006, present their report with the financial ststements of the charity for the year ended 31 Mllrch 2024. The Irustccs havL adopted the provision¥ of A¢counting and ii¢porting by Charities.. Statement of Recijrntneiided Prdctice applicable to charities prepa[g theii. accounts iii accordan¢¢ with th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The chan'tys mission statement is a8 follows.. "the development of a stTong community spirit through the ereatKon gf prid¢, employment and training opporbjnities and social interaction wiihin its local area." Thc key strate¢ objectives set for th¢ year ¢ontinucs.' l. To encourage people to become active in a voltary capacity, organise groups if requ]red and use the facilities offered withÈn the comTnimity centre to make life beller for themselves and their neighbours. 2. To Lreate job ond training opporwnities to p¢ople of all ages within the local coEnmunity toUgh the provision of a rang¢ of business units. offices, training roonLS and catering fa¢ilities at favourable temis to encourag¢ inward inv¢stmcnt in peopl¢ within the geographic area. 3. To rther the education of people in a range of skills in the retail and service sectors and through opportunities to particlte in noll-vocatiotM] education. numeracy, IJ"terdCy and oth¢r life-long skills. 4. To provide agsistance ill stnall amounts of start-up tinance or rent holidays and te¢bnical or business advice to assist and ¢r¢ate new busin¢ss¢s to 0w OT to Inaintain 15t]ng businesses. 5. To continue to provide community based initiatives through debt advice, cominunity development services, grdnt advice services 3nd a wide range of health services ivhich all help to encourage unepI0yed and disadvantaged PLX)pItr to fiud ways to improve their circumstance% and enh4n¢e theiy personal development. STRATEGIC REPORT Financldl revlcw Ptincipal fidIng sourLes The PrillLiP4I1 ftsllding boutces of the charity 15 through T¢ntal (ncome of buSesS utiits. offices, training rooms and catering fa¢i]ities SIated within the cornmunity eerttre. Reser policy The tSlee8 hav¢ ¢xarnined the charlS requirements for resetves in light of the tudill risks of the organis8tion. It has established a policy whereby the unr¢5tricted fvnds not committed or invested in tallble fixed Lssets held by the charity should be between 3 to 6 moT]ths expendEtyr¢. FUre plans The charity is commirted to tile conts'nued provision of curtenl s¢rvi¢¢s 5ubjccl to lI.ractory funding arrangements. The tNste¢s of the charity have retained designated reseeS of £31,30i at th¢ ¢Dd of the financial year 31 MarGh 2tr24 in Telation to project8 relating to additlODal Car parking And intemal upgrading of th¢ bUdIng to provide enhanced ¢n¢Tgy provisions.
BALLYMOTE COMMUNITY PROJEcf LtMrrED Report of the Ttustees FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEh(ENT Governing document The charity is controlled by its goveming documen¢ & deed of knjst, and con5tithtes 8 limited cornpany, limited by guarallttt, as dethied by the Companies Act 2006. The Of¥dni¥ation is a charitable company limited by guardntee, incorporated on 14th June 1993 aud reystered as charity on Isth Sept¢mber 2015. Th¢ ciympany was established under a Memorandum of Aociation wch established the objects and pow¢rs of th¢ ¢haritsble ¢ornpany and i5 goY¢rned under its Arti¢l¢s of As50¢iation. The Memorkndum lists the company's objects as rhe advancement of community dev¢Lopm¢nt for thc public benefil in Downpatrick {the"area of benefit"), inparticular but not exclusively by any or all of the following m¢ans: {1) supporting and developing the work of the commnity and voluntary 0upS in charitable acrivity which seek to improve the quality of lif¢ of thc inbabitsnts of th¢ arca of ben¢fit' lill the creation of training and employment OPPOll11t1CS for the un¢rnploy¢d by the provision of workspace. buildings and'or land for use of favourdble tenJs,' (iii) the advancemellt of fyJu¢ation, training or retraining, particularly among un¢mploy¢d p¢ople, and PTovidin8 unemployed people with work experientt,. (iv) the provision of fiDall¢ial a5SiStan¢¢, techni¢zl a5SiStance or business advice or consultsncy in order to provide trdining and ¢mployrnent opportunities for unemployed people in tas¢s of fiDdncial or other Charitsble need through help in Setting up theirown business or to existintT businesses. In the event of the company being woundup. m¢mber5 Jre required io contribute an amount not exceedittg £1. R¢cruitm¢nt and appointment of ne)v trustee5 The diirctors of til¢ ¢ompany are ais0 choity tn]stees for the puw)se of chariLy law and under the companV5 articles of association shall manage the busilless of the compthny and exercise all powets of the eompany. Al each annual general meeting, one third of the directors retire by rotation. Due to the Dath of the clwity's work the tnjstees seek to ensure that the needs of the community are Jppropriately reflected through d?e d]'versity of trjstees. To enhance tbis. tnte¢S are sought who hav¢ an intercst and underslanibng of the charity'5 work. OrganisationAI $tru¢ture The centre is a so¢ial enteiprise mgJThged by A volullt8ry board of in¢thbers. Tli¢ board ovetsees the ¢entre througli a general manager who has designated resw>nsibilily for the day ro day operational Dnagement of the cent, individual supervision of tbe staff ieam and eDSLiring that the learn conlinue lo develop Iheir skills and woiking perfomlance in lille with good practice. The finjncial a5P¢Ct of th¢ c¢ntre 15 managed by the charity's fllknince officer whose fvnction is ro monitor and report to the board to enable them to rnake informed funding thiS1OT fw the cknrity not only for th¢ pr¢s¢nt but also in ensuring the charitys objectives are sthstained going forward. Charity Committee Mr Patrick Kelly- chalTS0n Mr Patrick pk¢ Mr Joseph Torn¢y Mr Earnonn M¢Grady- S¢LYetary Mr PichaTd McGre¢vy MrJue MLStsy Mr Stephen Aubttn Related partles There arc no rclatcd parties within thc financiat year under review. REFERENCE A'D ADMlSTIL4TlVE DETAILS Reglstered CompAn> number N1027554 (Noithtm li'elandl
BALLYMOTE COMMUNITY PROJECT LIMITED Report of the Trustees FOR THE YEAR ETrIDED 31 MARCH 2024 Registered Charlty number NIC101358 Regi5tcrcd officc 40 Killough Road Downpatrick BT30 6PY Trustees Ms M magUl (r¢signed I Inn024) Mr D MeNabb (r¢sigied l Lllo024) Mr P J Kelly Mr P Peake r J Torney Mr E McGrady fr R McGre¢vy Mr S Austin Mr J Mestay Company Secretary MT E McGrady Independent Ex4mlner Mr Conaill McGrady FCA M.B.McGrady &Co Chart¢Ted Accountants Rathmore Hous¢ 52 St Patri¢ks Avenu¢ Downpairick Co. DowTr) BT30 6DS B8Dkers AIB 42- 44 Hill Stre¢l Newry BT34 IAU Solicltors Scullion & Green 50 St Patrick's Avenue Dowijpatrick BT30 6DW Report of the ttustee5, inco4Jorating a strat¢gic report, approved by order of the board of tntst¢es, as the c¢)mpany directors. on 29 Nov¢mber 2024 and sigtLed QD the board's behalf by- hfr J Torney- Trustee
Independent Examiner's Report to the Trustees ol Ballymote Community Project Limited I rq)ort on the a¢eouDts of the eomp#ny for the year ended 31 M*trch 2024, which are set out on pag¢s five to eleven. Respective responsibilitie5 of charity trostees and ex2mineT As the charity's tsustees (and also th¢ directors for the putposes of MpanY lawl you are Ksponsible for the prepaTQtion of the accounts in accordance with the requirements of the Companie8 Act 2006. Having satisfioj myself Iliat tlie charity is not subject io audit utLdei company IDW and is eligible for irtdependeni cxan)iiiatioii, it 15 Iny responsibdity to.. examine tl)e accoui)ts under Section 65 of tb¢ Chariti¢s Act follow the procedures laid down in the general Dir¢¢tions givcn by thc Charity Corntnission for Northern Ireland under Sectioll 65(91{bl of the Charities Act state whether particular matters hav¢ come to my attention. Basis of the Independent examiner's report I have exarned your charity a¢coutLts as reqUId under Section 65 of the Charities Act and my examination was carried out in accoidance with the geneAI Dii"ections givcn by the Chariry COMlS$19 for Northern Ireland under Section 65{9llbl of the Charities Act. The exanllnation includ¢d a review of the accO¢tirtg record5 kept by die charity and ¢ornparison ot th¢ accounts presented with those records. It also included consideration of any unusual items or disclosur¢s i]1 th¢ counts, and sKknng ¢xplaniltions from you a$ ¢knrity tn]stees coiicerning atty such matt¢rs. My role is to state whether any mateii21 tnitt¢rs have come to my attention gi¥ir]g me cause to believe: That accounting records were not kept in accordanc¢ with S¢ction 386 of the Compani¢s Act ?006 That the accounts do not accor(I with th08e accounting ftci)rds That the accuunts do nol comply with the accuunting rquirements of Section 396 of the Companies Act 21)06 and with the Lnethods and principles of th¢ Charities Statrment of Recornrnended Practice applicable to charities preparing their accounts in accordance with the Finan¢ial Reporting Standard applicable in the LW and Republic of Ireland That there LS fvrther infomiation needed fora proper undetstanding of the ac¢ounts to be reached. Independent examiner's statement L havc completed my examiDatioi) alld have ¢on¢ern5 in reSct of the matters {]) to (4) listed above alld. in ¢owi¢rtion with following the Directions of tbe Charity Commission for Nortbern Ireland, I have found no matters that require th2wing to your att¢ntion, Mr Conaill McGrady FCA M.B.McGrady & Co Chartcwd A¢counrants Rathrnore House 52 St Patricks Avenue Downpats"ick Co. Down BT30 6DS Date..
BALL YMOTE COMMUNITY PROJECT LIMITED Statement of Finanelal Activities FOR THE YEAR ETr4DED 31 MARCH 2024 3113124 Total funds 3113n3 Tot21 funds Unrestricted fund5 RestrA¢t¢d fund Note5 INCOME AND ENDOWMENTS FROM Charitable activitie5 GENERAL 201291 201291 185,049 EXPENDITURE ON Chlrrtable xetivltles GENERAL 211,207 221.207 200,944 NET INCONIEI(EXPENDITURE) (19916) (19,916) (15,895) RECONCILIATION OF FUNDS Total funds bi"ou8liL forwttid ,792J25 ,792,825 1.808,720 TOTAL FUNDS CARRIED FORWARD 1,772.909 ,772,909 1,792,825 CONTINUING OPERATIOL¥S All income and expenditure ha5 arisen from continuing activities.
BALLYMOTE COMMUNITY PROJECT LIMrrED BalaNce Sheet 31 K4RCH 2024 3113124 Total funds 3113123 Total funds Unrestrf¢ted funds Restricted fund Notes FIXED ASSETS Tangible assets 1,480,647 IA80,647 ,526,114 CURRENT ASSETS Debtors Cash at bank 10,250 307a87 10,250 307,387 16,295 269,461 317,637 317,637 285,756 CREDITORS Amounts falling due within one year (25J75) 115.375) (19,(M5J NET CURREIYT ASSETS 292362 292.262 266,711 TOTAL ASSETS LESS CURRENT LIABILITIES 1,772.909 1.772,909 ,792,825 NET ASSETS 1,772.909 1.772,909 1,792,825 FUNDS Unrestricted funds 1,772,909 1,792.825 TOTAL Fuf4DS 1,772,909 1,792.825 The cknitable company is entitled to exemption frorn audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. Thc members have not required the compaiiy to obtain an audit of its finar]¢ial statem¢nt5 for the y¢ar ended 31 March 2024 in accordance Wllh S¢ckn'on 476 of the Companics Act 21)06. The tNstees acknowledg¢ dieir responsibilities for (a) ensuring that the charitable cornpally keeps accoullting rec4)Tds that comply witli S¢clions 386 2nd 387 ot the Companies Act 2006 and pr¢pÈring financial statements which give a trll¢ and fair view of the state of affairs of the charitabl¢ company as at tht end of each fuJ8ncial year anil of its suEplus or deficit for each fiDancial year in accordan¢¢ with the requlrements of Sections 394 and 395 and whtch other¥vise comply with the requirements of the Compatiies Act 2006 relating to fillanci31 Swcmcnts. sts 85 appltcable to the charitable compa]iy. (bl
BALLYM(YfE COMMUNITY PROJECT LIMITED BAlanee Sheet- continued 31 MARCH 2024 These fllwicial stafrments baTre been prepared 2n accordance with the provisiotL% applicable to charitable companies subject to the small fOLnpallies regime. Th¢ financial Slements were approved by the Board of Trustees and authoTised for issue ou 29 November 2024 and weK signed on its behaifby.. Mr P J Kelly - Tntstee -*&L__.
BALLYMOTE COMMUNITY PRQIECT LIMITED Notes to the Financlal Stitement5 FOR THE YEAR ETr4DED 31 MARCH 2024 ACCOUYTING POLICIES B45is of preparing the financiAI st4temettts The financial statements of die charitable company. whicli is a public benefii entity under FRS 102. lJave been prcpared in accordance with the Charilie5 SORP (FRS 102) 'Accounting and Reporting by Charities." Stat¢ment of R¢commellded PrnctiLe applicable to chtleS pr¢paring their accounts in accordance with the Finau¢ial Reporting Standard applicable th¢ UK and Republic of Ireland IFRS 102) (effecttve l January 2019),, Financial Reporting Standard 102 'Th¢ Financial Reporting Standard applicable in the UK and Republic of Irelaiid, and the CoTnpanies Act 2006. Th¢ flnancial statements have been prepared under the historical cost convcntio IDcome All income ts recognised in the Si8tcment of Fir1a1 Activities oD¢e the charity bas entitlejnent to the funds, IL is probable that the income will b¢ rcceived aDd the amount can be m¢asiwed reliably. Expendtthre Liabililies are r¢¢ognised as expendifure as soon as th¢ is a legal or ¢0nStnt1ve obligation ¢ommitting the charity to that expenditure. it i& probable thai a rransfer of economic benefits will be rquired In settlemei)t and the amount of th¢ obligation can be meaSUd r¢liably. Expenditure is account¢d for ou all accrnais ba5]5 and lias been classified under headings that aggregate all ¢ost related to die category. WlJ¢r¢ costs caTJttOt be diwtly attribukd to partlcular beath.ngs they have been allo¢ated to ac(Ivities on 8 basis Co15t¢D1 with the use of resources. Tanglble fixed fissets Depreciation 19 provided ot the following annual rates in ord¢r tt> SVTite off each asset over its estsrnatEd seful life. Freehold Prop¢rty - 2Q/o sttaight line Plant and Machinery- 20 V/0 r¢ducitig balanc¢ Fixtt]res and Fittings- IOQ/u rethicing balance Equipment- 200/0 reducing balance Taxation The charily i.% exempt from corpoiation tax on its charitable a¢tivittes. Fund ae¢oundng Unrestricted funds E¢ used in accoAlance with the chatrit2bl¢ objectives at the discretion of th¢ (N5te¢s. R¢stricted thJt can only be used for particular rt5tric¢ed pu4)oses within the objects of the charity. Restn"¢tions atise when specified by the donor or when fjjnds are raised for particular stricted purposes. Furth¢r Cxplanalion of the ndture artdpuTpose of each fimd 15 included in th¢ not¢5 to the finanrial atementS. Penslon costs and other post-retirement benefits The cbaritabl¢ conipany operates a defin¢d contribution p¢nsion scheme. Cotstributions payable to the charitable compally's p¢nsion scheme are clwged to th¢ Statement of Financial ActLVlti¢s in the peIiod to whicli they relate.
BALLYMOTE COMMUNITY PROJECT LIMITED Notes to the Financial Statements- coRtinucd FOR THE YEAR ENDED 31 MARCH 2024 NET INCoME1xPEI¥DlTuRE) Net incom¢/(expenditurel is slated aft¢r Chargin(¢[edIting)'. 3113124 3113123 Independent cxamination fecs Depre¢i8tion- owned 8s5ets 2,500 50?63 2,200 50.790 TRUSThES' REMULIERATION ATrID BENEFITS There w¢re llo trUsttr. remuncrdtion or otber b¢n¢fits for the year ended 3 1 March 224 Dor for th¢ y&gr ended 31 March 2023. Trustees, expenses There were no trust¢¢s' ¢xpeJis&g paid for ihe year ended JI M¥rch 2024 not for th¢ year ended 31 March ?023. STAFF COSTS The averag¢ monthly number of employees dLiringth¢ year was as follows.. 3113124 3113123 Employees No employees receifvtd ernolwnents in excess of £60,(KJO. TANGIBLE FIXED ASSETS Fixture$ and rittillgs Frcebold proporty PIAnt and machlnery F4uipment Totsls COST Ai i April 2023 AdditlOT]S 2J46Jll 17,560 78,520 4,896 5,773 2,448,164 4,896 At J l MaTch 2024 2J46Jl I 17.5611 83,416 5,773 1453,060 DEPRECIATION At l April 2023 ChaTgc for ycar 850.874 46.926 14J26 647 51,124 2,781 5.726 922,050 50,363 At 31 March 2024 897.800 14.973 53.905 5,735 972.413 NET BOOK VALUE At 31 .March 2024 1848511 2,587 29511 J8 1,480,647 At 31 March 2023 1.495,437 3,234 27.396 47 1,526,114
BALLYMOTE COMMUNITY PROJEcf LLVIITED Notei to the Financial Statements- condnued FOR THF. YEAR E.NDED 31 MARCH 2024 DEBTORS: AMOtINrs FALLING DUE WITHIN OIYE YEAR 31r3124 3113123 Tradc debtors Other d¢btors 10,250 15,678 617 10,251) 16,295 CREDITOILS.. AMOUNTS FALLING DUE wrrlliN ONE YEAR 3113124 3113123 Trade creditors VAT Aceruals and deferred in¢ome 6,605 IlJ91 7,379 3.632 6,894 8,519 25J75 19,045 MOTrIMENT FUNDS Net movement In fund5 At 3113124 At 114123 UMrc$tricted funds General fijnd DeSignad lld 1,761520 31 J05 119,916) 1,741,604 31JOS 1,792.825 (19.9161 1.772.909 TOTAL FUTrIDS 1,792J25 (19,916) 1,771909 Net moven*ttt In fid, included in th¢ above arc as follow5.. In¢orning resources Rc50urces expended Movement In funds UDrertrl¢ted funds Gelleral fid 201291 (2212lJ7) (19,916) TOTAL FUNDS 201291 1221,207) (19,9161
BALLYMOTE COMMUNITY PROJECT LIMITED Notes to the Flnanclal Statement5- contlnued FOR THE YEAR EM)£D 31 MARCH 2024 MOVEMENT IN FUNDS- continutd Comp4r#tive5 for movement In fund5 Iyet movement fund5 Tranrfers between funds At 31rJr23 At 114122 Llnrestritted funds General fund Deslgnatcd fund 1,738.720 70,000 (15.895} 38.695 138,695) 1.761,520 31.305 1,808,720 (15,8951 1,792,825 TOTAL FUNDS 1,808.720 (15,895) ,792,825 Comp2rdtiv¢ nct movement in fids, included in rhe abovE are as follows.. Ineomillg resources R¢$ource5 expended Muvement In funds Ullrestrifted funds General fi2nd 185,049 {2(K).944) (15,8951 TOTAL FUNDS 185.049 (200,9441 115,8951 RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2024.