Ballybeen Improvement Group Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025 2025 2024 Unrestricted Restricted funds funds Total funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable activities 1,140 113,001 43,466 25,937 69,403 43,466 25,937 69,403 114,141 EXPENDITURE ON: Charitable activities (17, 191) (45,056) (62,247) {86,777) NET INCOME 26,275 (19,119) 7,156 27,364 Transfers between funds 13 (9.793) 9,793 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward 16.482 {9,326) 7,156 27,364 54,096 9,326 63,422 36,058 TOTAL FUNDS CARRIED FORWARD 13 70,578 70,578 63,422 The notes on pages 9 to 12 form part of these financial statements. Ballybeen Improvement Group Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025 2024 Unrestrirted Restricted funds funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacie5 Charitable activities 1.140 52,179 1,140 113,001 60,822 53,319 60,822 114,141 EXPENDITURE ON: Charitable activities 124,988> (61,789) {86,777) NET INCOME 28,331 (967) 27,364 Transfers between funds 13 (3,000) 3,000 NET MOVEMENT IN FUNDS 25,331 2,033 27,364 RECONCILIATION OF FUNDS: Total funds brought forward 28,765 7,293 36,058 TOTAL FUNDS CARRIED FORWARD 13 54,096 9,326 63,422 The notes on pages 9 to 12 form part of these financial statements. Ballybeen Improvement Group Balance Sheet As At 31 March 2025 2025 2024 Unrestricted Restricted funds funds Total funds Total funds Notes CURRENT ASSETS Debtors 6,559 65,035 6,559 83,190 10,830 53,958 Cash at bank and in hand 18,155 71.594 18,155 89,749 64,788 Creditors: Amounts Falling Due Within One Year io (1,016) (18,155) (19,171) (1,366) NET CURRENT ASSETS {LIABILITIES) 70,578 70,578 63,422 TOTAL ASSETS LESS CURRENT LIABILrtIES 70.578 70,578 63,422 NET ASSETS 70,578 70,578 63,422 FUNDS OF THE CHARITY Restritted Funds 9,326 54,096 Unrestricted Funds 70,578 TOTAL FUNDS 13 70,578 63,422 For the year ending 31 March 2025 the charitable company was entitled to exemption from audit under sertion 477 of the Companies Act 2006 relating to small companies. The members have not required the charitable company to obtain an audit in accordance with sertion 476 of the Companies Act 2006. The trustees acknowledge their responsibilitie5 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 subject to the small companies regime. On behalf of the board Rev R Mcllhatton Trustee Date 19 Dec 2025 The notes on pages 9 to 12 form part of these financial statements. Ballybeen Improvement Group Notes to the Financial Statements For The Year Ended 31 March 2025 l. General Information Ballybeen Improvement Group is a company limited by guarantee. incorporated in Northern Ireland. registered number N1611583 and registered charity number 101460. The registered office is Unit 7 Craigleith Drive, Dundonald, Belfast, BT16 2QP. 2. Accounting Policies 2.1. Basis of Preparation of Financial Statements Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out beloew. These policies have been consistently applied to all the years presented. unless otheNise stated. statement of compliance The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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 I January 2019)" Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 transartionvalue unless otherwise stated in the relevant accounting policy notes. The financial statements are prepared in sterling. which is the funrtional 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 ha5 entitlement to the income. it is probable that the income will be received and the amount of the income receivable can be measured reliably. 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 perfom)ance 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 condition5 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 aggregagte similar costs to that category. Where costs cannot be dirertly atributted 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 activites 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 Paragragh I Schedule 6 of The Finance Art 2010 and therefore it meets the deffinition of a charitable company for Uk corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of incorne or capital gains received within categories covered by Chapter 3 Part I l 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 chartiable 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 impaimient. A provision for the impaimient 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 orginal terrn5 of the receivables. Cash and cash equivalents .CONTINUED Ballybeen Improvement Group Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2.1. Basis of Preparation of Financial Statements- continued 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 subjert 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 furthernace of the objectives of the charity. 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 2025 2024 Total Total funds funds Donations and gifts 1,140 4. Income from Charitable Activities 2025 2024 Unrestricted Restricted funds funds Total funds Total funds DFC 14.143 3,500 8.141 14,143 3,500 8,141 22,904 3,500 9,018 24,400 52,179 1,000 NIHE LCCC Groundworks Pitch Income Other income 43,466 43,466 153 153 43,466 25,937 69,403 113,001 5. Analysis of Expenditure 2025 Activities undertaken dirertly Running costs 62,247 2024 Artivities undertaken directly Running costs 86,777 6. Independent Examiner's Remuneration Irndependent examination fee is £840 (2024 £770) Ballybeen Improvement Group Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 staff Costs Staff costs were as follows.. 2025 2024 Wages and salaries Other pension costs 7.923 678 16,272 524 8,601 16,796 No employees received employee benefits {excluding employer pension costs) for the reporting period of more than £60,000. Average number of employees during the year was- l (2024- 2) 8. Taxation The charity is a registered charity and is therefore exempt from taxation. Debtors 2025 2024 Due within one year Other debtors 6,559 10,830 10. Creditors: Amounts Falling Due Within One Year 2025 2024 Other creditors Accruals and deferred income 169 19,171 1,197 19,171 1,366 11. Deferred Income Deferred income movements in the year were as follows: 12. Pension Commitments The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. During the year the charge to the statement of financial activities in respect of defined contribution schemes was £67812024.. £524}. At the balance sheet date contributions of £NIL were due to the fund and are induded in creditors. 13. Movement in Funds As at l April 2024 Asat31 March 2025 Income Expenditure Transfers Unrestricted funds General.. General unrestricted fund Restricted funds 54.096 43,466 (17.191) (9,793) 70,578 Restricted Funds 9.326 25,937 (45.056) 9,793 Total funds 63.422 69,403 {62,247) 70,578 Ballybeen Improvement Group Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 As at l April 2023 As?t31 March 2024 Income Expenditure Transfers Unrestricted funds General.. General unrestricted fund Restricted funds Restricted Funds 28,765 53,319 (24,988) (3,000) 54,096 7.293 60.822 (61.789) 3,000 9,326 Total funds 36,058 114,141 {86,777) 63,422 14. Transactions with Trustees None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year. 15. Related Party Disclosures There have been no related party transactions in the reporting period that require disdosure, except for those disclosed in the Transartions with Trustees note. 16. Company limited by guarantee The company is limited by guardntee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.