13allykeel Ilusincss l)cvclopment Ltd
Statcmcnt of Financial Activities for the Ycar Ended 31 Marcli 2023
(Including InLonie and li xpcnditure Account and Statement of 'fotal Ilec()gnised Gains
and Losscs)
Uni-esti-icted
funds
2023
Notc
Inconie <in(I b'ndowments fi-om:
Charitablc activities
72.165
72,165
Total ineome
72,165
72,165
Ii'xpenditui-e on:
Charitable activities
{114,OJ8)
114,038)
Total expendilurc
(114,038)
(114.038)
Nci expenditure
(41,87J)
(41.873)
Nct movcmcnt in funds
(41,873)
(41,87J)
ElcconeiliAtion of funds
-rotal funds brought forward
1,002,?90
1,002,?90
l oial funds carried forward
960,417
Uni-cstricted
funds
960,417
"I'otal
2022
Iiicome Endowmcnts fi'om:
Chdrilable aclivilics
"l otal incoinc
EYponditui'¢ on:
Cliaritablc activitie5
(101 ?47)
(101 ?47)
Tolal cxpenditurc
(101.2471
(101,247)
Net cxpcnditurc
(26.868)
(26.868)
Nct movement in fund5
(26.868)
(26,868)
Ileconciliation of funds
'] olal funds brouohi forward
1,029,158
1,029,158
'I'ol11 I funds carricd forward
12
1.002,290
1.002.29)
All of the charit￿$ activitics dcrivc from conlinuin(y operations durints ihe abovL Lwo pcriods.
"hc funds brcakdown for 2022 is shown in notc 12.
'I'hc notcs on pao¢s l O 10 15 fDrm an inlcgral part oftlicsL financial stateinents.
l)auc 8

Ballykcel Busincss Development Ltd
(Registration number: N1033029)
Balance Shect as at 31 March 2023
2023
2022
Notc
ixcd as5cIs
Tangible asSCIS
905,752
932.161
Curi'¢nt #ssets
Dcbtors
Casli at bank and in hand
2,904
74,544
10
i9,120
77,448
Ci-cditors: Ilmounts fl< Ilinu due ivitliin one year
(6,i28)
7,319)
Net cui-rcnl Ilssets
i4,665
70,1?9
Net a55et5
960,417
1,00? ?90
unds of the charity:
Unrc5tricted income funds
Unrcstricled funds
960.417
1,002,?90
'I'otal funds
960,417
1,00? ?90
l.or thc finaiicial year endino J I Imarch 2023 the cliarity wa5 entitled io exemption from audit undci- sccLion 477
ofthe Compani(% Act 2006 relatino to small cotnpanics.
Directors, responsibilities..
'I'hc tncinbcrs havc not requircd thc cliarily to obiain ali audil of ils account5 for tlic year in qiieqtion in
accordancc willi scclion 476,. and
I'hc directors acknowledge their responsibilities for coinplyints with ihc rcquii'cments of ihe Act wilh rcspcct
to accountiiiD records aiid Ihc preparation ofaccounls.
Thc5c financial stalcincnts havc becn prcparcd in accordance ivitli the SPCCidl provisions rclaling lo coinpanics
subjcct lo ihc small conipanics rcgiiiic witliin l)art 15 of che Companics Acl ?006.
'rhe financial slateincnts on pages 8 to 15 wcre approvcd by thc truslcc& and aiithorised for i5suc on 13 June
?02J and si(rncd oil Ilicir bchal r by:
Mi D M Davidsoii
"I"ruslec
-riic nolcs on pagcg l O to 15 form an iiilcgral part of ihese finaiicial sLateincnts.
Ilagc 9

Ilallykecl Business Dcvelopmcnt Ltd
Notes to the fiinancial Statemcnts for the Year Ended 31 Marcli 2023
I Charity status
I'lie charity is limited by Duarantcq ineorporaled in Northcm Ii'cland, and consequently does not have share
capital. rach of the trustces is liablc lo contribute an amount iiot cxceeding £ I towards ihc assets of the charity
in thc cvcnl of liquidation.
I'he address of ils registered o￿l¢C i5-
18 Crebi Ily Road
Ballymena
Co Antrim
BT42 2DN
These fiiiancial statements were authoriscd for issuc by the trustces on 13 Junc 202J.
2 Accounting policies
Sumniary of signifjcant Accounting policic5 and kty aceouNting estimates
I'he principal accounting policies applied in the preparation of Ihcse financial slatements are sei out below.
These policics have bccn consistcntly applied to all the years prcsenlLd. unless otherwise staled.
Statcnicnt ol compliance
I'lie financial statements have been prepared in accordance with Accounting and Reporting by Charitics:
Siatemcnl of Recommended Practice applicable io charicics prcparing thcir accounts in accordance with the
Finaneial Rcportino
Staiidard applicable in ilic UE( and Ilepublic OF Ireldiid {fRS 102) (c￿ectIve l Jaiiliary
?0 l i) (Charilies SOIII) (I-. lis I o?)}. the financial Reportina
Standard applicablc in the UK and Kepublic of
Ircland (fRS 102). They 1£150 comply with the Companic5 Act 2006 and Charitics Aci ryorthcrn Ircland) ?008.
ljasis of prLp#rAtion
13allykecl Business DLvclopment Ltd mccts the dcfiiiition of a public benefit entity undcr fRS 102. A55ets and
liabilitics arc initially rccoonised at historical cost or Iransaclion value unles5 oilicrwi8e staicd in the rclevanl
accountino policy noles.
Going concern
The Irustces consider that Ihcre arc no material uncertainties about the charily's ability to continuc as a trointr
concern nor any significant areas OF unccrtainly that alTrct the carrying valuc of a55els held by the charity.
Income and cn(lo%Ynient5
"I'hc Company plans to contiiiuc to slimu111 te and supporl cconomic and cnlcrprisc dcvclopmcnl in thc Ballykecl
Ward and ihc Nciolibourhood Ilcncival Arca of Ballyimcna South and also Inakc a si(JnifiLant contribution
towards local Coinmlllllty Plannino
%ii'dLeJ(r aiid Coinmunity Cluster forun15. '1'hc sli'alcgic aiin 15 to inspirc
pcoplc to be ciilcrprisiiio
parlicularly Ihosc who rcsidc in the nciglibourho(NJ rLncwal arca, crcate self
Lmploynient and eiiiployincnt opporlunilies lo improve economic pi'ospccls and communily rcgcner<1tion.
Page 10

Ballykccl Busincss Dcvclopmcnt Ltd
Notcs to the Financial Statcmcnt.8 for the Year f4Jiidcd 31 March 2023
F.xpenditui-e
All expendiÈurc is recognised once thcrc is a legal or construclivc obljuation to tliat expenditurc, il is probable
seltlemcnl 15 required and Ilic amount Can be mcaslircd reliably. All costs are allocat¢d to tlic applicablc
cxpcndilure hcading thac aoorctsaic similar costs to that calcgory. Wherc cost5 cannot bc directly altribut¢d io
parlicular headin(ys tlicy havc bccn allocaicd on a basis consistent willi tlic use of resources, Ivith central std
costs allocated on tlie basis of Limc spcnL Lind dcpreciati￿7 cliar(Fcs allocated oli ilie porlion of the a5scI's usc.
Othcr support Costs arc allocated based on the spread of staFFcosls.
Cliaricable aclivi¢i
Charitable expenditure coinpriscs Ihose cosls incurrcd by thc charity in the delivci-y of its activilics and services
for its beneficiaries. It includes boih costs ihal can bc allocated directly to sucli activilics and thosc costs of an
indircct nature neccs5ary to support them.
Taxation
The charity is considered to pass ihe tests set out in Paraoraph I Schcdule 6 of the Finance Act 2010 and
Ihcrcforc li mecls Ilie definition of a charitabl¢ company for UK corporation lax purposcs. A￿ordIng[y, Ihc
charity is potentially exempt froiii taxation in respect of income or ¢apital gains received within categories
covered by Chaptcr J Part I l of thc Corpor<ltion -lax Act 201 O or Section 256 of the Taxation of Chargcable
Gains Act 1992, to thc cxtcnl 1111< l such incoinc 01- 0￿1n5 arc applied exclusively to cliaritablc purposcs.
"I'Augiblc fixcd assets
Individual fixed assels Cosiints £0.00 or niorc are initially rccordcd al cosl.
Depreciation and amortis>)tion
Dcprcciatioii is provided on lanoible fixcd asscls 50 as lo write otr thc c05t or valualion, Icss any estimated
residual valuc, ovcr thcir Lxpccled usccul ccoiioniic li fc as follows=
Asstt class
rrcchold land <ind buildings
l-urnilurc and cquipiiicnL
l)eprLCiation method And ratc
Ovcr 50 years
2 jo/4 rcducing balancc basis
rodc debtors
'I"radc debtors are amounts due from customer5 for mcrchandise sold or serviccs performcd in the ordinary
course OF busines5.
"rrade dcbtors arc recogni5¢d initially ai ihc Iransaclion price. Thcy arc subscqucntly mcasurcd at amorliscd cost
usin(r thc eIYcclivc inlcrcsl mcthod. Icss provisioii for iinpairTnciil. A provision for ihc iinpairillcnl of Ir<idc
dcbiors is cslablishcd whcn tlicrc is obj¢¢tivc cvidencc thai tlic charily will noi bc able lo collecl all 1¢ n)ounL% duc
according lo Ilic orioinal leriiis of ihe rcceivables.
Cash cash equivAlcnts
Cash and cash cquivalcnls ¢oiMpi-isc cash on hand and call deposits, and oihcr short-lci-ln lijulily liquid
iiivestiiients Ihal are readily convcrtible to a kiiown amount of cash and are subjecl to an inslunifi￿n( risk or
chanoe in valuc.
l)agc I I

Ballykccl Business Dcvclopmcnt Ltd
Notes to the Financial Statcments for the Ycar Eiidcd 31 March 2023
-I'rade creditors
I'rade creditors are oblioations to pay for goods or services that havc becn acqiiired in the ordinary course or
business fTom suppliers. Accounts payable arc classified as current liabilitics if the charity does not have an
unconditional riJo t, at the cnd of thc rcportino period, to defer setileinenl of the crediloi- for at least Iwelve
months after the rcporting date. Ir Ilicre is an unconditional rioht to defer scltlemcnt for at least twelve months
after the reportinu date, they are prcsented as non-current liabilitics.
I'rade creditors are rccotsniscd inilially at the trdnsactioii price and subsequently ineasured at amortlsed cost
usino the etfective interest mcthod.
Borroivings
Intcrcsi_bcarino borrowintrs arc iniiially rccordcd at fair value, net of transaction costs. Intercst_bearino
tx)rrowinos are svbscqucntly carricd al amorLised cost, ¥viih thc dilTcrencc bctwecn the proceeds, nct or
transaction costs. and the amount due on redeinption bejnts rccoonised as a charge to the StatcmcnL of financial
Ilctivitie5 over thc period of the relevant borrowing.
Interest expense is reco(ynised on the basis of the efFeclive inlerest method and is included in interest payable
and similar chirocs.
Borrowinos arc classified as current liabilities unless Ihc chariLy has an unconditional riJo il to dcfcr sciilemcni of
tlic liability for al Icasl twelve month5 after Ihc rcporlino datc.
'und structurc
Unreslricted income funds are ￿¢neral fund5 that are available for use at the trustees discretion in furtherance or
thc objcclives of ihc charily.
3 Income Ironi chAritabl¢ activities
Unresti'iclcd
rund.$
GL'ner81
'rotal
2023
I'otAI
2022
Rental income
72.165
4 b.xpenditui'c on charitable ietivitics
Uni-cstricted
Total
2023
-rotAI
2022
Gcnci-Al
114,OJ8
114.038
101.247
Net ineomingloutgoing re50urees
Ncl outooin(r resources for tlic year includc=
2023
2022
Dcpi'ecialion or rixed asscts
26,409
26.442
Patsc 12

Ballykccl Business Dcvcl()pment Ltd
Notcs to the Financial Statements for tl)c Year Fnded 31 Marcli 2023
6 '1'rustees i'emuncrAtion aiid cxpenses
No trustcc8 noi- any persons connccted with iliei1I, liave reccived aiiy rcinuncration froin tlic charity during ihc
year.
7 "faxation
Tlie cliarily is a regislercd charity and is ihereforc cxcillpt froni taxation.
Actors that may affect fulure tax chai'ges
Tlie company has esliinatcd Iosscs 01£46,063 available fDr carry forward aoainst luturc tradincv profils.
8 "1 Angible fixcd assets
l.And And
buildings
Fiii-nilui-e aiid
cquipmcnt
'I'otHI
Cost
At l April 2022
1,408,269
24,894
1,4JJ,163
Ai 31 March 202J
1,408,269
24.894
1,433,16)
Depi"eeiii tion
At l April 20?2
Charge for the year
476,748
26,228
24.254
181
501,002
26,409
At 31 Marcli 2023
502,976
24,435
527,411
Net book valu¢
Al 31 Mai'ch 2023
905,29J
459
905,752
At 31 March 2022
9Jl.521
640
932,161
9 Debtors
2023
2022
Tradc debtors
453
1.195
425
1,282
1.197
425
Prepaymenls
Otlier debiors
2.904
ljaoc 13

Ballykeel Busincss Dcvelopmcnt Ltd
Notes to the Financial Statcmcnts for the Year Ended 31 March 2023
10 CAsh 2nd cash cqllivAlents
2023
2022
Cash on hand
Casli at bank
161
58.959
170
74,374
59,120
74,544
I I Creditoi-s: amounts falling due within one year
2023
2022
Other tsxatioii and social security
Oiher creditors
Accruals
623
200
5.705
661
6,658
6,528
7,319
12 bunds
ijalancc at I
Api"il 2022
Inc(Jming
re50urccs
Ile50uI'ces
cxpendcd
Balance at 31
March 2023
Unresti'icted funds
Gcneral
1,002,290
72,165
114,038)
960.417
Il>)IAncc At I
April 2021
Incoming
rcsoui'c¢s
Ilcsources
expcnded
Jlalance At31
iKai'ch 2022
Unl'estricted funds
Gencral
1.029.158
74.379
(101,247)
1,002,290
Paoc 14

Ballykecl Ilusincss Development Ltd
Notes to tlic Finaiicial Statcmcnts for the Year Ended 31 Marcli 2023
13 Analysis of net xssels between funds
Uni'cstricted
funds
General
1.olal funds At
31 Mai'ch
2023
Tangible fixed asscls
Curicnl assels
CurreiiL liabililie5
905,752
61,193
(6.528)
905.752
61,193
(6,528)
Tolal net assets
960,417
960.417
Unrestricled
luiids
General
"I'olal funds At
31 March
2022
Tangiblc fixcd assets
Current asscls
Current liabilitios
9J2,161
77,448
(7,319)
932.161
77,448
(7,319)
I"otal ncl asscts
1,002,290
1,002.290
14 Analysis of net funds
At l April
2022
binaneing casli
flows
At31 Mai'ch
2023
Cash at bank and in Iiaiid
74,544
(15,424)
59,120
Nci dcbi
74.544
At l Api'il
2021
(15.424)
59,120
AI31 Marcli
2022
Ilin￿1￿CIng casli
noivs
Cash at bank and in liand
72,687
1.857
74,544
Nci debt
72,687
1,857
74,544
Pa¢ye 15

Ilallykecl Busincss Development Ltd
Dclailed Statement or r4inancial Activitics for the Year fi ndcd 31 Marcli 2023
TotAI
2023
I'otal
2022
Income and Lndoivments from:
Charitable aetivitie5 (analyscd bclow)
72.165
74,379
'L'otal incomc
72,165
74.379
Jxpcnditure on:
Charilable aclivilics (analysed below)
(114.OJ8)
(101.247)
"rotal expenditure
(114,038)
(101.247)
Net expendilurc
(41,873
26,868
Nel movenienl in funds
(41.873)
(26,868)
Rcconcilialion of funds
l olal funds brought forward
1,002,290
1,029,158
'1 otal fuiids carricd forward
960,417
1,002,290
'rhi.8 pagc doos iiot form parl of ilie statutory financial slalernents.
[)agc 16

Ilallykeel Business Devclopmcnt Ltd
l)etailcd Statement of fiinancial Activities for the Ycar Fnded 31 Marcli 2023
"rotAI
2023
2022
Cliiiril(Ible nelivities
Ilenlal income
72,165
74,379
72,165
Cliariliible activilies
Watses and salaries
SiatrNIC (Eiiiployers)
Water ratcs
Light. heat and pow¢r
Insurancc
Rcpairs and Inaintcnancc
I"clcphone and fax
Printin& poslatsc and slalioiicry
Cliaritablc donalioiis
Sundry expenses
Clcaning
Kcy liolding sccuri(y sci-ViCC8
Service level agrcciiiciil
Adverlisino
Accountancy fees
13ank chargcs
Dcprecialion of frcchold propci'ly
Dcpreciation of fixtur&% and fillings
(7.738)
(329)
(3,518)
(4,41 J)
(5,182)
(17,512)
(2,614)
(947)
(2.000)
(760)
(440)
(8,i20)
(24.315)
(1.652)
(3,530)
(5,0 l J)
(11,874)
(2,164)
(1,800)
(464)
(582)
(7.800)
(28,184)
(120)
(J,369)
(515)
(?6,228)
214
(5,313)
(465)
(26,228)
(114,038)
101,247
-l-hi.£ pagc docs not forin pail of ihc slalulory fiiiancial slalcincnts.
l)acrc 17