## **Ballybeen Improvement Group** ## **Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)** |**Note**
**Income and Endowments from:**
Donations and legacies
3
Charitable activities
4
Total income
**Expenditure on:**
Charitable activities
5
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
12|**Unrestricted**
**funds**
**£**
1,140
52,179
53,319
(24,988)
(24,988)
28,331
(3,000)
25,331
28,765
54,096|**Restricted**
**funds**
**£**
-
60,822
60,822
(61,790)
(61,790)
(968)
3,000
2,032
7,293
9,325|**Total**
**2024**
**£**
1,140
113,001
114,141
(86,778)
(86,778)
27,363
-
27,363
36,058
63,421|**Total**
**2023**
**£**
-
70,832| |---|---|---|---|---| |||||70,832| |||||(64,647)| |||||(64,647)| |||||6,185
-| |||||6,185
29,873| |||||36,058| All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 12. The notes on pages 10 to 14 form an integral part of these financial statements. Page 8 ## **Ballybeen Improvement Group** ## **(Registration number: NI611583) Balance Sheet as at 31 March 2024** |**Note**
**Current assets**
Debtors
9
Cash at bank and in hand
10
**Creditors: Amounts falling due within one year**
11
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
12|**2024**
**£**
10,830
53,957
64,787
(1,366)
63,421
9,325
54,096
63,421|**2023**
**£**
628
35,910| |---|---|---| |||36,538
(480)| |||36,058| |||7,293
28,765| |||36,058| For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The financial statements on pages 8 to 14 were approved by the trustees, and authorised for issue on 24 Dec 2024 .................... and signed on their behalf by: ......................................... Rev R McIlhatton Trustee The notes on pages 10 to 14 form an integral part of these financial statements. Page 9 ## **Ballybeen Improvement Group** ## **Notes to the Financial Statements for the Year Ended 31 March 2024** ## **1 Charity status** The charity is limited by guarantee, incorporated in , and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation. The address of its registered office is: Unit 7 Craigleith Drive, Dundonald Belfast BT16 2QP ## **2 Accounting policies** ## **Summary of significant accounting policies and key accounting estimates** The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. ## **Statement of compliance** The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Basis of preparation** Ballybeen Improvement Group meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The financial statements are prepared in sterling, which is the functional currency of the entity. The level of rounding is to the nearest £1. ## **Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. ## **Income and endowments** All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Page 10 ## **Ballybeen Improvement Group** ## **Notes to the Financial Statements for the Year Ended 31 March 2024** ## _**Donations and legacies**_ Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. ## **Expenditure** All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs. ## _**Charitable activities**_ Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **Taxation** The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **Trade debtors** Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **Fund structure** Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Page 11 ## **Ballybeen Improvement Group** ## **Notes to the Financial Statements for the Year Ended 31 March 2024** Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. ## **3 Income from donations and legacies** |Donations and legacies;
Donations from individuals
**Total for 2024**
**Total for 2023**|**Unrestricted**
**funds**
**General**
**£**
1,140
1,140
-|**Total**
**funds**
**£**
1,140| |---|---|---| |||1,140| |||-| ## **4 Income from charitable activities** |**Unrestricted**
**Funds**
**£**
Community Support
-
Festivals
-
DFC
-
NIHE
-
LCCC
-
Groundworks
-
Good Relations
-
Pitch Income
52,179
Other Income
-
Other Grant
-
52,179|**Restricted**
**Funds**
**£**
-
-
22,904
3,500
9,018
24,400
-
-
1,000
-
60,822|**Total Funds**
**2024**
**£**
-
-
22,904
3,500
9,018
24,400
-
52,179
1,000
113,001|**Total Funds**
**2023**
**£**
3,500
3,450
32,143
-
-
-
2,512
24,698
2,019
2,510
70,832| |---|---|---|---| ## **5 Expenditure on charitable activities** |**Note**
Running costs|**Unrestricted**
**funds**
**General**
**£**
24,988|**Restricted**
**funds**
**£**
61,790|**Total**
**2024**
**£**
86,778|**Total**
**2023**
**£**
64,647| |---|---|---|---|---| Page 12 ## **Ballybeen Improvement Group** ## **Notes to the Financial Statements for the Year Ended 31 March 2024** ## **6 Trustees remuneration and expenses** No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. ## **7 Staff costs** No employee received emoluments of more than £60,000 during the year. ## **8 Taxation** The charity is a registered charity and is therefore exempt from taxation. ## **9 Debtors** |**9**
**Debtors**||| |---|---|---| |Trade debtors
Accrued income|**2024**
**£**
10,059
771
10,830|**2023**
**£**
628
-| |||628| ## **10 Cash and cash equivalents** |Cash at bank
**11 Creditors: amounts falling due within one year**
Other creditors
Accruals|**2024**
**£**
53,957
**2024**
**£**
169
1,197
1,366|**2023**
**£**
35,910| |---|---|---| |||**2023**
**£**
480
-| |||480| Page 13 ## **Ballybeen Improvement Group** ## **Notes to the Financial Statements for the Year Ended 31 March 2024** |**12 Funds**
**Unrestricted funds**
General
**Restricted funds**
**Total funds**|**Balance at**
**1 April**
**2023**
**£**
28,765
7,293
36,058|**Incoming**
**resources**
**£**
53,319
60,822
114,141|**Resources**
**expended**
**£**
(24,988)
(61,790)
(86,778)|**Transfers**
**£**
(3,000)
3,000
-|**Balance at**
**31 March**
**2024**
**£**
54,096
9,325| |---|---|---|---|---|---| ||||||63,421| ## **13 Analysis of net assets between funds** |Current assets
Current liabilities
Total net assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
62,755
(1,366)
61,389
**Unrestricted**
**funds**
**General**
**£**
29,245
(480)
28,765|**Restricted**
**funds**
**£**
2,032
-
2,032
**Restricted**
**funds**
**£**
7,293
-
7,293|**Total funds**
**at 31 March**
**2024**
**£**
64,787
(1,366)| |---|---|---|---| ||||63,421| ||||**Total funds**
**at 31 March**
**2023**
**£**
36,538
(480)| ||||36,058| Page 14 ## **Issuer** RBCA Ltd **Document generated** Tue, 24th Dec 2024 11:24:07 GMT **Document fingerprint** 9ef7075465e586f32170b805118c4bf2 ## **Parties involved with this document** ## **Document processed** ## **Party + Fingerprint** Tue, 24th Dec 2024 11:48:21 GMT Tue, 24th Dec 2024 11:55:37 GMT RIchard McIhatton - Signer (015e32916a5583a3d4ac9d2c507eb928) Brian Stewart - Signer (6649d2ff4859f7e9aeed481ab71f51ed) ## **Audit history log** ## **Date** ## **Action** Tue, 24th Dec 2024 11:24:07 GMT Tue, 24th Dec 2024 11:24:07 GMT Tue, 24th Dec 2024 11:24:07 GMT Tue, 24th Dec 2024 11:27:36 GMT Tue, 24th Dec 2024 11:27:36 GMT Tue, 24th Dec 2024 11:47:03 GMT Tue, 24th Dec 2024 11:48:21 GMT Tue, 24th Dec 2024 11:48:21 GMT Tue, 24th Dec 2024 11:48:21 GMT Tue, 24th Dec 2024 11:48:22 GMT Tue, 24th Dec 2024 11:55:12 GMT Tue, 24th Dec 2024 11:55:37 GMT Tue, 24th Dec 2024 11:55:37 GMT Tue, 24th Dec 2024 11:55:38 GMT Envelope generated by Jane Gill188.66.74.80 Document generated with fingerprint 9ef7075465e586f32170b805118c4bf2188.66.74.80 Document generated with fingerprint 5356c86c3577007876b6699a24edf80b188.66.74.80 Sent the envelope to RIchard McIhatton (Rmcilhatton@hotmail.co.uk) for signing188.66.74.80 Document emailed to Rmcilhatton@hotmail.co.uk35.177.210.78 RIchard McIhatton viewed the envelope83.104.166.152 RIchard McIhatton signed the envelope83.104.166.152 Sent the envelope to Brian Stewart (brian.stewart@rbca.co) for signing83.104.166.152 Document emailed to brian.stewart@rbca.co13.40.23.140 RIchard McIhatton viewed the envelope83.104.166.152 Brian Stewart viewed the envelope188.66.74.80 Brian Stewart signed the envelope188.66.74.80 This envelope has been signed by all parties188.66.74.80 Brian Stewart viewed the envelope188.66.74.80