COMPANY REGisfRATION NUMBER N1037937 BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS 31 MARCH 2025 Charlty number 101447 2 Strand Park Ballywalter BT22 2PW
BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 CONTENTS Truste& annual report 34 Independent examiner's report Statement of financial activltles Balance Sheet Notes of the financial statements 8-12
BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2025 The trustees present their report and the unaudited financial sLitements of the charity for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE DETAILS Registered charlty name Ballywalter Youth and Community Cowoperative 101447 Charity re8lstration number Compary registration number N1037937 Prlnclpal office/Reglstered office The Vlllage Hall 49/51 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 Dan5ke Bank LSmlted Donegall Square North Belfast BTI 5GJ Secretary Accountsnts Bankers STRucfuRE. GOVERNANCE AND MANAGEMENT Ballw¥valter Youth and Community Co-operative is constituted as a company limited byguarantee and is governed by a Memorandum and ArtFcles of.Association. The Board of Trustees are responsible for the 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 induttion programme is offered to all new trustees to ensure that they are briefed on the charity's objectives, strategy and activities. The trustees have the overall responsibility for the system of internal control for the charity, which includes ensuring thatthere 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 TRusfEES' ANNUAL REPORT Icontinuedl YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Results ft)r the year ended 31 March 2025 are given in the Statement of Financial Activities of page 6. The assets and liabilities as at 31 March 2025 are given on the Balance Sheet on page 7. The financial statements should be read in conjunction 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 trustee5: The Village Hall 49151 Main Street 8allywalter Newtownards BT22 2PQ Mr Edward Pickering Dirertor /f- f- Mrs Alison Fisher Director Company Registration Number: N1037937
BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE AND MEMBERS OF BALLYWALTER YOUTH AND COMMUNITY CI>OPERATIVE YEAR ENDED 31 MARCH 2025 BASIS OF INDEPENDENT EXAMINER'S REPORT I have examined your charity accounts as required under section 65 of the Charitie5 Act and my examination was carried out in accordance with the general Direttions given by the Charity Commission for Northern Ireland under settlon 65191(b) if the Charities Art. The examination included a review of the accounting records kept bythe charity and a tomparison 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 a5 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: 111 That accounting records were not kept In accordance wlth section 386 of the Companies Act 2006; (2) That the accounts do not accord with those accounting records,. 131 That the accounts do not comply with the accounting requirements of settion 396 of the Companies Att 2006 and with the methods and principles of the Charities Statement of Recommended Prattice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland. 14) That there is further information needed for a proper understanding of the accounts to be reached. INDEPENDENT EXAMINERS STATEMENT I have completed my examination and have no concerns In respect of the matters11) to141 listed above and, in connection with the following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require to be drawn to your attention. DT Accountlng Servlces 2 Strand park Ballywalter BT22 2PW Diana MIATI IFAC- Accounting Technicians Ireland kaite
BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL AcfiviTIES YEAR ENDEO 31 MARCH 2025 Unrestricted funds Restrlcted funds Total funds 2024 Total funds 2025 Note INCOMING RESOURCES Incoming resources from generated funds: Voluntary income TOTAL INCOMING RESOURCE5 14,225 14,225 12,471 14.225 14,225 12,471 RESOURCES EXPENDED Costs of generated funds: Overhead costs Governance costs 113,485) (10,576} {13,4851 (11,7601 110,5761 {10,576) TOTAL RESOURCES EXPENDED 124,061) (24,061) 122,336) NET OUTGOING RESOURCES BEFORE TrANSFERS (9,8361 19,8361 19,8651 Transfer between funds 11,389 111,389) NET OUFGOING RESOURCES FOR THE YEAR RECONCIUATION OF FUNDS Total funds brought forward 1,553 (11,3891 (9,836) (9,865) {14,6911 370.229 355,538 365,403 TOTAL FUND5 CARRIED FORWARD (13,138) 358,840 345,702 355.538
BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY LIMITED BY GUARANTEE BALANCE SHEET 31 MARCH 2025 2025 2024 FIXED ASSErs Note Tangible assets CURRENT ASss 332,458 343,034 io Debtors Cash at bank 15,110 15,261 15,110 15,261 CREDITORS: Amourrts falllng due wlthln one year li {1,866) {2.757} NEf CURRENT ASSETS 13,244 12,504 TOTAL ASSETS LESS CURRENT UABIUTIES 345,702 355,538 NEf ASSETS 345,702 355,538 FUNDS Restricted income funds 12 355,538 365,403 Unrestricted Income fund5 13 19.8361 19,8651 TOTAL FUNDS 345,702 355.538 For the year ended 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Trustees. responsibilities: The members have not required the charity to 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 Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance 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 by: Signed by trustees,. Mr Edward Pickering Mrs Alison Fisher A- Fj.~ If-(yf-ILI 2( /g- f-zc
BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 I. STATEMENT OF COMPUANCE These financial ststements have been prepared in compliance with FRS 102, 'The Financial Reportlng Standard applicable in the UK and Republic of Ireland,. 2. ACCOUNTING POUCIES Basls of accounting The accounts financial ststements 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 statement The trustees taken advantage of the exemption from including a cash flow statement in the financlal statements on the grounds that the charity Is small. Fund accounting Restrlcted funds- the restricted funds represent donations received where the donor has imposed restrictions on the use of the funds which are legally binding on the board of trustees. Unrestricted funds-the unrestrirted funds are underthe control of the board of trustees, to be used in the furtherance of the general charitable objettives of the company. Grants Revenue 8rants are credited to the ststement of financial activities In the period which they fall due. Flxed assets All fixed assets are Initially recorded at cost. Depreclation Depreciation is calculated $0 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 Fitknngs- 20% pa straight line.
BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2025 3. VOLUNTARY INCOME Total Donation5 received Grants received Internal fundraising Solar received Rent received 2,293 11,932 14.225 14.225 4. OVERHEAD COSTS Unrestrl¢ted funds Total Dirert costs Other costs 11,628 1,857 13,485 13,485 5. GOVERNANCE COSTS Unrestrlcted funds Total Depreclatlon 10.576 10,576 10,576 6. NET OUTGOING RESOURCES FOR THE YEAR Unrestrlcted funds Total Net Out8oings 9,836 9,836 9,836
BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2025 7. FUND TRANSFERS 2025 2024 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 210,617 199,228 358,840 370,229 The Directors 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. 8. STAFF COSTS AND EMOWMENTS 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 Equlpment Flxtures & Flttln8S Total Cost As at 31.03.2024 528,773 9,376 14,790 552,939 Depreciatlon A5 at 01.04.2024 Char8e for the year 185,739 10,576 9,376 14,790 209.905 10,576 As at 31.03.2025 196,315 9.376 14,790 220.481 NEf BOOK VALUE As at 31.03.2025 As at 31.03.2024 332,458 343,034 332,458 343,034 10
BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2025 10. DEBTORS 2025 2024 Trade debtors Other debtors 11. CREDITORS 2025 2024 Trade creditors VAT Other creditors Accruals 705 705 1,160 2.052 1,865 2,757 12. RESTRICTED INCOME FUNDS Balance at 01-Apr-24 Balance at 31-Mar-25 Transfers Restricted Fund 370,229 111,389) 358.840 13. UNRESTRICTED INCOME FUNDS Balance at 01-Apr-24 Incoming resources Balance at 31-Mar-25 General Funds 114.6911 1,553 113,1381 14. ANALYSIS OF NEf ASSETS BETWEEN FUNDS Tangible fixed assets Net current assets Total Restrirted Income Funds Unrestrirted Income Funds 332,458 332,458 13,244 13.244 Total Funds 332,458 13,244 345.702
BALLYWALTER YOUTH AND COMMUNITY CO-OPERATIVE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2025 15. COMPANY LIMITED 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 liabillty 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 (N10379371 with its registered offi'ce at The Village Hall. 49151 Main Street, Ballywalter. Newtownards, 8T22 2PQ 16. MORTGAGE OVER PROPERTY AND ASSETS The International Fund of Ireland and the Northern Ireland Rural Development Council (the Fundersl have taken a Mortgage Debenture and Mortgage Deed over the property and assets of Ballywalter Youth and Community Co-operative, totalling £332,458. 17. CONTINGENT LIABILITIES It should be noted that under certain circumstances grants received may become repayable if certain qualifying conditions are not maintained. There are no other capital commitments or material contingent Ilabilities as at 31 March 2025. 12