Charity Registration No. NIC 101670 Company Registration No. N16034511Northern Ireland) BCDA LIMITED (A Company limited by guarantee and not having a share capital) DIREcfoRS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 ACXC4ZLK* 2110212024 COMPANIES HOUSE A14
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BCDA LIMITED CONTENTS Page Charity information Trustees, report Independent examiners, report Statement of financial activities Balance sheet Notes to the financial statements 7-13
BCDA LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Directors William Hunter Bryan Magee Mary Morrow Gerardine Mulvenna Cla re Kincaid {Resigned 17/6123} Anne Lennon Carol Mcmullan Elizabeth Mccusker Angela Smyth David McAleese Adrian Davis Andrew Clarke Matthew Harger Mark Mcconkey Company Number N1603451 Charity Number NIC 101670 Registered Office 264 Coast Road Ballygally Larne Co, Antrim BT40 2QX Independent Examiner MBS Chartered Accountants 3 High Street Larne Co. Antrim BT40 IJN Bankers Danske Bank Donegall Square West Belfast BTI 6JS Solicitors O'Rorke, McDonald & Tweed 29 The Roddens Larne Co. Antrim 8T40 IHX
BCDA LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 JUNE 2023 th The Trustees present their report and accounts for the year ended 30 June 2023. The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities prepa ring their accounts in accorda nce with the Financial Reporting Standard a pplicable in the UK and Republic of Ireland IFRS 102} effective l January 20151" Objectives and activities The charity's objectives are for the public benefit to provide educational and recreational opportunities to promote health and wellbeing of the inhabitants of Ballygally and surround ing area. to advance the health and wellbeing of the inhabita nts of Ballygally and surrounding area by associating with relevant statutory authorities and voluntary bodies. to improve the environment of the village of Ballygally and surrounding area. Achievements and performance In line with its objects, BCDA Ltd successfully delivered a diverse programme of educational and recreational activities and classes throughout the year. A BCDA Youth committee was formed this year, which successfully delivered a range of charitable activities, including initiatives aimed at engaging both primary and secondary school children from within the village and surrounding areas. The charity continued to ensure ongoing upkeep of Ballygally Hall and support for its sole employee. The charity continued to collaborate with the local Council and other organisations to POSitively contribute to the environment of the village of Ballygally and surrounding area. Flnanclal revlew The statement of Financial Activities reports the charitable activities in brief with an expanded analysis in the notes on pages 7- 13 to the accounts. Post balance sheet events There have been no post balance sheet events that require disclosure in the financial statements. Reserves policy It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The trustees have assessed the major risks to which the charity Is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. Structure, governance and management The charity is a.company limited by guarantee and acceptable as charitable by H.M. Revenue & Customs. The company was incorporated on 14 June 2010. The company was established under a Memorandum of Association which established the objects and powers of the company and is governed by its Articles of Association.
BCDA LIMITED TRUSTEES, REPORT {CONTINUED) (INCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENDED 30 JUNE 2023 The Trustees who are also the directors for the purpose of company law, and who served during the year were: William Hunter Bryan Magee Mary Morrow Gerardine Mulvenna Clare Kincaid (Resigned 17161231 Anne Lennon Carol Mcmullan Elizabeth Mccusker Angela Smyth Andrew Clarke Matthew Harger Mark Mcconkey David McAleese Adrian Davis The directors of the company are also charity trustees for the purpose of charity law. Under the requirements of the Articles of Association, unless otherwise determined by the company in Eeneral meeting the number of trustees shall not be less than four nor more than fifteen. None of the Trustees ha5 any beneficial interest in the company. All the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The Trustees, re ort was a roved by the Board of Trustees. William Hunter Trustee 24th Janua 2024
BCDA LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BCDA LIMITED We report on the accounts of the charity for the year ended 30 June 2023, which are set out on Pages 5 to 13. Respective responsibilities of Trustees and examiner The charity Trustees, who are also the directors of BCDA Limited for the purposes of company law, are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 65121 of the Charities Act (Northern Ireland) 2008 and that an independent examination under section 6411) of the Charities Act (Northern Ireland} 2008 is required. Having satisfied ourselves that the charity is not subject to aud it under company law and is eligible for independent examination, it is our responsibility to.. examine the accounts under section 65 of the Charities Act {Northern Ireland) 2008; to state whether particular matters have come to our attentlon. Basis of independent examiner's report We have examined your charity accounts as required under section 65 of the Charities Act (Northern Ireland) 2008. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts and seeking explanations from you as charity trustees concerning any such matters. The procedures do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the financial statements. Independent examinerfs Statement In the course of our examination, no matter has come to our attention: l. Which gives us reasonable cause to believe that in any material respect the requirements: to keep proper accounting records in accordance with section 63 of the Charities Act (Northern Ireland) 2008; and to prepare financial statements which accord with the accounting records in accordance with Section 64 of the Charities Act (Northern Ireland} 2008 have not been met; or To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ered Accountants 3 High Street LARNE 8T40 IJN th 24 Janua 2024
BCDA LIMITED STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 30 JUNE 2023 Unrestricted 2023 Restricted 2023 Total 2023 Total 2022 Incoming resources Investment income Grants Charitable activities 6,674 685 5,455 6,674 7,845 5,455 5,031 4,300 1,522 7,160 12,814 7,160 19,974 10,853 Resources expended Charitable expenditure: Charitable activities Governance costs 9,234 848 19,208 28,442 848 19,709 813 10,082 19,208 29,290 20,522 Net incoming resources/ (resources expended) 2,732 112,0481 {9,3161 (9,6691 Total rnovement in funds Funds at l July 2022 93,774 598,908 692,682 702,351 Funds at 30 June 2023 96,506 586,860 683,366 692,682 The Trustees are of the opinion that the Income and Expenditure account as required by company law is included within the above Statement of Financia l Activities. All activities of the charity are classed as ongoing. The notes on pages 7 to 13 form part of these financial statements and Should be read in conjunction therewith.
BCDA LIMITED BALANCE SHEET AS AT 30 JUNE 2023 2023 2022 Notes Fixed assets Tangible assets io 561,977 573,486 Current assets Debtors Cash at bank and in hand 11 6,312 116,827 5,229 115,729 123,139 120,958 Creditors: amounts falling due within one year 12 1,750 1,762 Net current assets 121,389 119,196 Total assets less current liabilities 683,366 692,682 Funds Unrestricted funds Restricted funds 15 13, 15 96,506 586,860 93,774 598,908 683,366 692,682 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2023. No member of the company has dep051ted a notice, pursuant to section 476, requiring an audit of these accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The Trustees, responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resource5, including its income and expenditure, for the financial year in accorda nce with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the companv. th The accounts were approved by the Trustees on 24 January 2 24. n Magee Director iam Directo unter Company Registration No. N1603451
BCDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Accountlng policies Charity information BCDA limited is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 264 Coast Road. Ballygally, Larne, Co. Antrim, BT40 2QX Accounting conventlon The accounts have been prepared in accordance with the charity's Articles of Association the Companies Act 2006 and "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 IFRS 102}" las amended for accounting period5 commencing from l January 20161. 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 applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £, The accounts have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financia l instruments at fair value. The principal accounting policies adopted are set out below, Going concern At the time of approving the accounts, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the accounts. Charitable funds Unrestricted funds are available for use at the d iscretion of the Trustees in f urtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted fund5 are set out in the notes to the accounts. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
BCDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Incoming resources 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 conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on recelpt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent a55et. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discount5, VAT and other sales related taxes. Resources expended Basic f inancial liabilities, including creditors a nd bank loans are initially recognised at transaction price unless the arransement constitute5 a financin8 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 services 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 less. 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. Tanglble flxed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment1055es. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and building5 Fixtures and fittings 2% straight line 25% straight line The gain or10s5 arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net income/lexpenditurel for the year.
BCDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Impairrnent of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Intangible assets with indefinite useful live5 and intangible assets not yet available for use are tested for impairment annually, and whenever there is an indication that the asset may be impaired. Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other 5hort- term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financia l instruments, Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net a mounts presented in the financial Statements, when there is a legally enforceable 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 a nd cash and ba nk balances, are initiallv measured at transaction price includ ing 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 lia bilities, including creditors a nd bank loans are initially recognlsed 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.
BCDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Trade creditors are obligations to pay for goods or service5 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 less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortlsed cost using the effective interest method. Derecognition of financial liabilities Financial liabilities a re derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Critical accounting estimates and judEements 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 releva nt. 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 only that period, or in the period of the revision and future periods where the revision affects both current and future periods. io
BCDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30JUNE 2023 Investment income 2023 2022 Contribution from BCDA Trading Ltd 6,674 5,031 Donatlons and legacles 2023 2022 Other donations Grants 685 7,160 4,300 7,845 4,300 Charlties activities income 2023 2022 Excursions, classes and functions 5,455 1,522 Charitable actlvitles expendlture 2023 2022 Depreciation and impairment Insurance Donations Licences Excursions, classes & functions Property maintenance Cleaning Equipment repairs Printing & stationery Sundry expenses Bank fees 16,208 828 200 575 9,660 15,033 694 1,500 2,191 117 170 630 171 95 71 28,442 848 19,709 813 Share of governance costs (see note 71 29,290 20,522 Analysis by fund Unrestricted funds Restricted funds 10,082 19,208 5,489 15,033 29,290 20,522 li
BCDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Support costs Support Cost5 Governance Costs Basis of Allocation 2023 2022 Legal and professional 848 848 813 Governance Governance costs includes payments to the independent examiners of £80012022 £8001 for accountancy fees. Trustees None of the Trustees lor any persons connected with them) received any remuneration or benefits from the charity during the year. Employees There are no employees. 10 Tangible fixed assets Flxtures, Flttings and Equipment Buildings Total Cost At.1 July 2022 & at 30 June 2023 Addition 751,630 30,424 4,699 782,054 4,699 751,630 35,123 786,753 Depreciation At l July 2022 Charge for the year 178,145 15,033 30,423 1,175 208,568 16,208 At 30 June 2023 193,178 31,598 224,776 Net book value At 30 June 2023 558,452 3,525 561,977 At 30 June 2022 573,485 573,486 li Debtors 2023 2022 Contribution from 8CDA Trading Limited VAT 6,145 167 5,031 198 6,312 5,229 12
BCDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 12 Creditors: amounts falling due within one year 2023 2022 Accruals Companies House 1,750 1,749 13 1,750 1,762 13 Restricted funds Opening Balance Closing Balance Income Expendlture Transfer5 The Big Lottery Fund North East Region Larne Borough Council Others 401,946 31,105 165,857 {5,011) (5,011} 15,0111 14, 1751 396,935 26,094 160,846 2,985 7,160 598,908 7,160 19,208 586,860 All restricted funds relate to the construction and associated costs of the premises. Restricted charitable expenditure has been split equally between the major grant providers. 14 Contingent liabilities Certain grant5 received and receivable may become repayable to the funder if the charity is no longer able to meet the conditions under which they are awarded. Due to the nature of these contingencies, it is not possible to qua ntify the potential financial effect or give an indication of timing as to the liabilities that may arise. 15 Analysls of Net Assets between funds Tangible Fixed Assets Current Assets 2023 Total Unrestricted funds 96,506 96,506 Restricted funds The Big Lottery Fund North East Region Mid & East Antrim Borough Council Others 388,641 17,800 152.551 2,985 8,294 8,294 8,295 396,935 26,094 160,846 2,985 561,977 24,883 586,860 561,977 121,389 683,366 13