COMPANY REGisfRATION NUMBER N1037937 BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY UMITED BY GUARANTEE FINANCIAL STATEMENTS 31 MARCH 2023 Charity number 101447 2 Strand Park Ballywalter BT22 2PW
BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 CONTENTS Trustees, annual report 34 Independent examiner's report ststement of financial aciivities Balance Sheet Notes of the financlal ststements 8-12
BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2023 The trustees present their report and the unaudited financial statements of the charity forthe year ended 31 March 2023. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered charity name Ballywalter Youth and Community COperatiVe Charity reglstration number 101447 Company registration nurnber N1037937 Prlnclpal office/Reglstered office The Village Hall 49151 Main Street Ballywalter Newtownards BT22 2PQ The Trustees The trustees who served the charity during the period were as follows: Mr C Dempster Mr E Pickering Mrs Alison Fisher Mrs Alison Fisher DT Accounting Services 2 Strand Park Ballywalter BT22 2PW Danske Bank Limited Donegall Square North Belfast BTI 5GJ Secretary Accountants Bankers STRUCTURE, GOVERNANCE AND MANAGEMENT Ballywalter Youth and Community Co-operative is constituted as a company limited by guarantee and is governed by a Memorandum and Articles of Association. The Board of Trustees are responsible forthe strategic management of the charity. The Board of Trustees and names of principal Advisers are set out on page 3. The Board appoints all new trustees based on selection criteria, which ensures that collectively it maintains a broad range of relevant skills and experience. An induction programme is offered to all new trustees to ensure that they are briefed on the charity's objectives, strategy and activities. The trustses have the overall responsibility for the system of internal control for the charity, which includes ensuring that there are reasonable procedures in place for the prevention and detection of fraud and other irregularities. However, such systems can provide only reasonable, but not absolute, assurance against errors and fraud.
BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (continued) YEAR ENDED 31 MARCH 2023 FINANCIAL REVIEW Results for the year ended 31 Mèrch 2023 are given in the Statement of Financial Activities of page 6. The assets and liabilities as at 31 March 2023 are given on the Balance Sheet on page 7. The financial statements should be read in conjunctTon with their related notes, which appear on page 8 to 12. SMALL COMPANY PROVISIONS This report has been prepared in accordance with the provisions applicable for companies entitled to the small companies exemption. Registered office.. Signed on behalf of the trustees: The Vlllage Hall 49151 Main Street Ballywalter Newtownards BT22 2PQ Mr Edward Pickering Director -2.f Mrs Alison Fisher Director Company Registration Number.. N1037937 Z?.oS-8oiC
BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINEW5 REPOltr TO THE AND MEMBERS OF BALLYWALTER YOUTH AND COMMUNITY COpERATIVE YEAR ENDED 31 MARCH 2023 BASIS OF INDEPENDENT EXAMIBER'S REPORT I have examined your charity accounts as required under section 65 of the Charities Act and my examination wa5 carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under settion 65(91{bl if the Charlties Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: 11) That accounting records were not kept in accordance with section 386 of the Companies Act 2006,. {21 That the accounts do not accord with those accounting records,. {31 That the accounts do not comply with the accounfjng requirements of sertion 396 of the Companie5 Art 2006 and with the methods and prlnciples of the Charities Ststement of Recommended Practice applicable to charities preparing their accounts in accordance wlth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland. 14} That there is further information needed for a proper understanding of the accounts to be reached. INDEPENDENT EXAMINERS STATEMENT I have completed my examlnation and have no concerns in respect of the matters11} to {4) listed above and, in connertlon with the following the Direttions of the Charity Commission for Northern Ireland, I have found no matters that require to be drawn to your attention. DT Accounting SenAces 2 Strand park Ballywalter BT22 2PW Dia MIATI IFAC- Accountin8 Technicians Ireland kaite
BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL A1VITIEs YEAR ENDED 31 MARCH 2023 Unrestricted funds Restrirted funds Total funds 2022 Total funds 2023 Note INCOMING RESOURCES Incoming resources from generated funds: Voluntary income 13,033 13,033 16,972 TOTAL INCOMING RESOURCES 13,033 13,033 16,972 RESOURCES EXPENDED Costs of generated funds.. Overhead costs Governance costs 19,7381 110.5761 19,7391 112,1691 110,5761 110,5761 TOTAL RESOURCES EXPENDED 120,315) 120,315) (22,745) NET OUTGOING RESOURCES BEFORE TRANSFERS (7,2811 17,2811 15,773} Transfer between funds 11,389 111,3891 NEf OUTGOING RESOURCES FOR THE YEAR RECONCIUATION OF FUNDS Total funds brought forward 4,108 111,389 17.281) 15,773) 120.323) 393,007 372,684 378,457 TOTAL FUNDS CARRIED FORWARD 116,215} 381,618 365.403 372.684
BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY LIMITED BY GUARANTEE BALANCE SHEET 31 MARCH 2023 2023 2022 FIXED ASSETS Note Tangible assets CURREMf ASSErs 353,610 364.186 io Debtors Cash at bank 13,058 8,778 13,058 8,778 CREDITORS: Amounts falllng due wlthln one year li 11,2651 1280) NEf CURRENT ASSErs 11,793 8,498 TOTAL ASSETS LESS CURRENT UABIUTIES 365,403 372,684 NEf ASSETS 365.403 372,684 FUNDS Restritted income funds 12 381,618 393,007 Unrestritted Income funds 13 {16,215} {20,3231 TOTAL FUNDS 365,403 372,684 For the year ended 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Art 2006 relating to small companies. Trustees, responsibilities: The members have not required the charityto obtain an audit of its accounts for the year in question in accordance with section 476: and The trustees acknowledge their responsibilities for complying with the requirements of the Art with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordan with the provisions applicable to companies subjectto the small companies regime. These financial statements were approved by the members of the committee and authorised for issue on the....................... and are signed on their behalf bv.. Signed by trustees: Mr Edward Pickering Mrs Alison Fisher /./
BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 i. srATEMENT OF COMPUANCE These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. 2. ACCOUNTING POUCIES Basis of accounting The accounts financial statements have been prepared in accordance with 'Accounting and Reporting by Charities, applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS 102) and The Companies Act 2006. Cash flow ststement The trustees taken advantage of the exemption from including a cash flow statement in the financial statements on the grounds that the charity is small. Fund accountlng Restrlrted funds - the restritted funds represent donations received where the donor has imposed restrictions on the use of the funds which are legally bindin8 on the board of trustees. Unrestricted funds-the unrestrirted funds are under the control of the board of trustees, to be used in the furtherance of the general charitable objectives of the companv. Grants Revenue grants are credited to the 5tstement of financlal artlvities in the period which thev fall due. Flxed assets All fixed assets are initlally recorded at cost. Depreciation Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Freehold Property- 2% pa straight line. Equipment- 33.33% straight line; Fixtures and Fittings- 20% pa straight line.
BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2023 3. VOLUNTARY INCOME Total Donations received Grants received Internal fundraising Solar received Rent receNed 1,230 2,639 9.164 13,033 13.033 4. OVERHEAD COSTS Unrestricted funds Total Direct costs Other costs 8,141 1,597 9,738 9,739 5. GOVERNANCE COSTS Unrestrlrted funds Total Depreclatlon 10,576 10,576 10,576 6. NET OUTGOING RESOURCES FOR THE YEAR Unrestrfcted funds Total Depreciation 10,576 10,576 10,576
BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2023 7. FUND TRANSFERS 2023 Z022 IFI Grants RDC Grant Fundraising Internal Fundraising Donations Other grants Grant re Solar panels 301,523 172.736 29,639 26,498 18,008 21,053 569,457 301,523 172,736 29,639 26,498 18,008 21,053 569,457 Accumulated Release to Profit and Loss account at 2% per annum 187,839 176,450 381,618 393,007 The Direttors have decided to depreciate the Premises Improvements of £528,773 over 50 years at 2% straight line and to release the Building reserve of £569,457 to Profit and Loss account over same period. STAFF COSTS AND EMOLUMENTS PARTICULARS OF EMPLOYEES No salaries or wages have been paid to employees, including the members of the committee, during the year. 9. TANGIBLE FIXED ASSETS Freehold property Flxtures & Flttlngs Total Equlpment Cost As at 31.03.2022 528,773 9,376 14,790 552,939 Depreclation As at 01.04.2022 Charge forthe year 164,587 10.576 9,376 14,790 188,753 10,576 As at 31.03.2023 175,163 9.376 14,790 199,329 NET BOOK VALUE As at 31.03.2023 As at 31.03.2022 353,610 364,186 353,610 364,186 10
BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2023 10. DEBTORS 2023 2022 Trade debtors Other debtors 11. CREDITORS 2023 2022 Trade creditors VAT Other creditors Accruals 705 560 1,265 12. RESTRICTED INCOME FUNDS Balance at 01-Apr-22 Balance at 31-Mar-23 Transfers Re5trirted Fund 393,W7 111.3891 381,618 13. UNRESTRICTED INCOME FUNDS Balance at 01-Apr-22 Incoming resources Balance at 31-Mar-23 General Funds (20,323} 4,108 116,2151 14. ANALYSIS OF NEf ASSETS BETWEEN FUNDS Tangible fixed assets Net current assets Total Restrlcted Income Funds Unrestricted Incorne Funds 353,610 353,610 11,793 11.793 Total Funds 353,610 11.793 365,403
BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2023 15. COMPANY UMITED BY GUARANTEE Ballywalter Youth and Community Co-operative was registered on 21 February 2000 as a company limited by guarantee, not having a share capital. The liability of each member is limited to an amount not exceeding £1. It is also a registered charity with HM Revenue and Customs. It is registered in Northern Ireland IN10379371 with its registered Offi atThe Village Hall, 49/51 Main Street, Ballywalter, Newtownards, BT22 2PQ. 16. MORTGAGE OVER PROPERTY ANDASSETS The International Fund of Ireland and the Northern Ireland Rural Development Council (the Funders} have taken a Mortgage Debenture and Mortgage Deed over the property and assets of Ballywalter Youth and Community Co-operative, totalling £353,610. 17. CONTINGENT LIABILITIES It should be noted that under certain circumstances grants received may become repayable if certain qualifying conditions are not maintained. The are no other capital commitments or material contingent liabilities a5 at 31 March 2023. 12