Charity registration number NIC101565
Company registration number N1031998 (Northern Ireland)
BALLYSILLAN COMMUNITY INITIATIVES
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

BALLYSILLAN COMMUNITY INITIATIVES
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr W M McAlister
Mrs D R Rodgers
Ms L Rodgers
Mr D Rodgers
H Haddick
(Appointed 6 April 2023}
(Appointed 6 April 20231
Charity number
NIC101565
Company number
N1031998
Registered office
82 Ballysillan Park
Belfast
BT14 8HB
Independent examiner
Miscampbell & Co
6 Annadale Avenue
Belfast
BT7 3JH

BALLYSILLAN COMMUNITY INITIATIVES
CONTENTS
Page
Trustees, report
Statement of trustees, responsibilities
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
7-12

BALLYSILLAN COMMUNITY INITIATIVES
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 28 FEBRUARY 2024
The trustees present their annual report and financial statements for the year ended 28 February 2024.
The financial statements have been prepared in accordance wth the accounting policies set out in note 1 to the
financial statements and comply with the charity's [governing documenti, the Companies Act 2006 and "Accounting
and Reporting by Charities.. Statement of Re¢ommended 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 1 January 2019).
Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required
of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report)
Regulations 2013 has been omitted.
Objectives and activities
The primary purpose of the company is to support regeneration of the area and support charitable organisations.
The Trust will continue to promote and carry out housing development wilhin the Ballysillan area.
The objectives of the company are achieved by local scrutiny and assessment of local issues pertinent to the
activities of the company.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
Activities
The main activities of the company assist us in providing financial and other support to those within our remit be it
providing prompt access to funds or community support. The charity has made a number of donations to
organisations within the Ballysillan area, the major ones are noted under the Review of Activities below. The charity
will continue to undertake these activities to achieve its purpose for the public benefit.
Achievements and performance
Significant activities and achievements against objectives
The main achievement of the company is the ability to make funding decisions very quickly allowing much needed
funds to be available quickly preventing facilities and services from being lost in the community. The charity
continues to make donations to several organisations.
Two charity donations were made in the year, totalling £50,100.
Financial review
Going concem
a. Going Concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate
reSoUr￿S to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements.
Reserves policy
b. R8serves policy
At this stage in the development of the company. it operates with very limited resources. The Trustees do not
consider a reserves policy is necessary.
structure, governance and management
The Charity is a charitable company limited by guarantee and was set up by a Memorandum of Association.

BALLYSILLAN COMMUNITY INITIATIVES
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to
the date of signature of the financial statements were:
Mr R Foster
{Resigned 6 April 2023)
Mr W J Manwaring
{Resigned 6 April 2023)
Mr W M M¢Alister
Mrs D R Rodgers
Ms L Rodgers
Mr D Sharratt
Mrs L Sharratt
Mr V Spence
Mr F J R Rodgers (Dec'd)
Mr D Rodgers
H Haddick
(Resigned 6 April 2023)
(Resigned 6 April 2023)
(Resigned 6 April 2023)
(Resigned 17 March 2023)
(Appointed 6 April 2023)
(Appointed 6 April 2023)
Recruitment and appointment of trustees
The management of the company is the responsibility of the Trustees, who are elected are co-opted under the
terms of the Memorandum of Association. Potential directors of the ¢ompany are considered by the Board.
Primarily, this review considers whether the prospective member will help the company meet its aims and
objectives. Applicants considered suitable are invited by the Chairman to join the Board. Each Board member is
also appointed as a director. Those serving as directors are invited by the existing Board of Directors on the
grounds of their proven ability, relevant experience and personal interest in the work of the Foundation. There are
no schemes of training directors in advance of their appointment.
Organisational structure
The Board are responsible for bringing through a broad outline of the strategies that will be pursed to achieve the
policies and objectives of the company The Board are responsible to ensure that the strategic plan is consistent
with the policies and objectives and to sign off on that strategic plan
Funds held as Gustodian trustee
No funds are held as custodian on behalf of others.
The trustees. report
sap
ved by the Board of Trustees.
Mr D Rodge
Trustee
28 November 2024

BALLYSILLAN COMMUNITY INITIATIVES
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 28 FEBRUARY 2024
The trustees, who are also the directors of Ballysillan Community Initiatives for the purpose of company law, are
responsible for preparing the Truslees, Report and the financial stalements in accordan￿ with applicable law and
United Kingdom A¢¢ounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair
view of the state of affairs of the charity and of the incoming resources and application of resources, including the
income and expenditure, of the charitsble Company for that year.
In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent., and
prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statemen ts comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.

BALLYSILLAN COMMUNITY INITIATIVES
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF BALLYSILLAN COMMUNITY INITIATIVES
I report to the trustees on my examination of the financial statements of Ballysillan Community Initiatives {the
charity) for the year ended 28 February 2024.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the
preparation of the financial statements in accordance with the requirements of the Companies Act 20C6 (the 2006
Act).
I report in respect of my examinalion of the Charity's financial statements carried out under the Charities Act
(Northern Ireland) 2008. In carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under the Charities Act (Northern Ireland) 2008.
Independent examiner's statement
I have examined your company accounts as required under section 65 of the Charities Act and my examination was
carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under
section 65(9)(b) of the Charity Act.
I confirm that no matters have come to my attention in conne¢tion with the examination giving me (zuse to believe
that in any material respect..
the financial statements do not comply with the accounting requirements of section 386 of the Companies Act
2006 Act other than any requirement that the accounts give a true and fair view which is not a matter
considered as part of an independent examination; or
the financial statements do not accord with those records., or
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matter considered as part of an
independent examination; or
the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
Republic of Ireland (FRS 102).
I have no concerns and in following the Directions of the Charity Commission For Northern Ireland, I have come
across no other matters in connection with the examination to which attention should be drawn in this report in order
to enable a proper understanding of the financial statements to be reached.
Patrick Mi
Gampbell FCA
Miscampbell & Co
6 Annadale Avenue
Belfast
BT7 3JH
Dated.. 28 November 2024

BALLYSILLAN COMMUNITY INITIATIVES
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 28 FEBRUARY 2024
Unrestricted
funds
2024
Unrestricted
funds
2023
Notes
Income from:
Investments
15,391
13,989
Total income
15,391
13,989
Expenditure on:
Charitable activities
58,284
63,114
Total expenditure
58,284
63,114
Net gainsl(losses) on investments
3,569
36,365
Net expenditure and movement in funds
(39,324)
(12,760)
Reconciliation of funds:
Fund balances at 1 March 2023
593,764
606,524
Fund balanc8s at 28 February 2024
554,440
593,764
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from ¢ontinuing activities.

BALLYSILLAN COMMUNITY INITIATIVES
BALANCE SHEET
AS AT 28 FEBRUARY 2024
2024
2023
Notes
Current assets
Debtors
Investments
Cash at bank and in hand
12
13
2,020
524,607
31,618
4,338
578,528
16,641
558,245
599,507
Creditors: amounts falling due withln
one year
14
(3,805)
(5,743)
Net Current assets
554,440
593,764
Net assets excluding pension liability
554,440
593,764
The funds of the charity
Unrestricted funds
554,440
593,764
554,440
593,764
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 28 February 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect lo accounting records and the preparation of financial statements.
The members have not required the Company to obtain an audit of its financial statements for the year in question in
accordanGe with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the trustees on 28 November 2024
MrD Rod
Trustse
ers
Company registralion number N1031998 (Northern Ireland)

BALLYSILLAN COMMUNITY INITIATIVES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
Accounting policies
Charity information
Ballysillan Community Initiatives is a private company limited by guarantee incorporated in Northern Ireland.
The registered office is 82 Ballysillan Park, Belfast, BT14 8HB. The principal activity of the company continued
to be for charitable purposes, for the promotion and development of housing within the Ballysillan area.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Igoverning documentl, the
Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland" {"FRS 102.) and the Charities SORP 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 1 January 2019). The
charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Stat￿Ment of
Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trLtstees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the ¢apital must be maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. other donations are recognised once the charity has been notified
of the donation, unless performance Gonditions require deferral of the amount. Income tax recoverable in
relation to donations received under GiftAid or deeds of covenant is recognised at Ihe time ofthe donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution,
the amount is known, and re￿Ipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.

BALLYSILLAN COMMUNITY INITIATIVES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised On￿ there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of dIr￿t costs and
shared costs, including support costs involved in undertaking ea¢h activity. Direct costs attributable to a single
a¢livity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned belween those activities on a basis
consistent with the use of resour¢es. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.7 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issue5, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the ¢harity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enfor￿able right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances. are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
Classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including Creditors and bank loans are initially re¢ognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or serVi￿S that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or les5. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabllities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.

BALLYSILLAN COMMUNITY INITIATIVES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects ¢Jnly that
period, or in the period of the revision and future periods where the revision affe¢ts both current and future
periods.
Incom8 from investments
Unrestricted Unrestricted
funds
funds
2024
2023
Investment Income
15,391
13,989
Expenditure on charitabl8 activities
Unrestricted Unrestricted
funds
funds
2024
2023
Share of support and governance costs {see note 5)
Support
Governance
50,157
8,127
54,536
8,578
58,284
63,114
Analysis by fund
Unrestrt¢ted funds
58,284
63,114
Support ¢osts allocated to activities
Total
2024
Total
2023
Charitable Donation
Bank Fee
Governance
50,100
57
8,127
54.500
36
8.578
58,284
63,114

BALLYSILLAN COMMUNITY INITIATIVES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
Support costs allocated to activities
(Continued)
Fees payable to the company's independent examiner for the independent examination of the company's
annual accounts £1,980 {2023.' £1,980).
Fees payable to the company's independent examiner in respect of other services £294 (2023.. £342).
Net movement in funds
2024
2023
The net movement in funds is stated after chargingl(crediting)'.
Fees payable to the charity's independent examiner..
for the independent examination of the charity's financial statements
for other financial services
1.980
294
1,980
342
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
charity during the year.
Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Trustees
There were no employees whose annual remuneration was more than £60,000.
Gains and losses on investments
Unrestricted Unrestricted
funds
funds
2024
2023
Gainsl{105ses) arising on..
Sale of investments
3.569
36,365
10 Taxatlon
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
11 Financlal instruments
2024
2023
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
524.607
578,528
10-

BALLYSILLAN COMMUNITY INITIATIVES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
(Continued)
11
Financial instruments
Financial assets measured at fair value through income and expenditure ¢omprise cash held in bank and
value at cost of unlisted investments.
12 Debtors
2024
2023
Amounts falling due within one year:
Other debtors
2,020
4,338
13 Current asset investments
2024
2023
Unlisted investments
524,607
578,528
Current asset investments are recorded at the portfolio's book cost.
The market value of current investments at 28th February 2024 were £582,528 (2023 .' £613,868).
14 Creditors: amounts falling due within one year
2024
2023
Accruals and deferred income
3,805
5,743
15 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specifi¢ purposes.
At 1 March
2023
Incoming
resources
Resources
expended
Gains and
At28
losses February 2024
General funds
593,764
15,391
(58,284)
3,569
554,440
Previous year:
At 1 March
2022
Incoming
resources
Resources
expended
Gains and
At28
losses February 2023
General funds
606,524
13,989
(63,114)
36,365
593,764
11

BALLYSILLAN COMMUNITY INITIATIVES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
16 Analysis of net assets between funds
Unrestricted
funds
2024
At 28 February 2024:
Current assets/(liabilities)
554,440
554.440
Unrestricted
funds
2023
At 28 February 2023:
Current assetsl(liabilities)
593,764
593,764
17 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
12-