Charity Reglstration No. NIC 101670 Company Reglstratlon No. N1603451 (Northern Ireland) BCDA LIMITED (A Company limlted by guarantee and not having a share capital) DIRECTORS, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 ADYE0969 1510312025 COMPANIES HOUSE A14
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BCDA IIMITED CONTENT5 Page Charity information Trustees, report Independent examSners'. report Statement of financial actlvities Balance sheet Notes to the financial statements 7-13
8CDA LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Dlrector5 William Hunter Bryan Magee Mary Morrow Gerardine Mulvenna Anne Lennon Carol Mcmullan Elizabeth Mccusker (Resigned 27111124) Angela Smyth David McAleese Adrian Davis Andrew Clarke Matthew Harger (Resigned 1714124) Mark Mcconkev Gareth Owen Company Number N1603451 Charity Number NIC 101670 Re8lstered Office 264 Coast Road Ballygally Larne Co. Antrim BT40 2QX Independent Examlner MBS Chartered Accountants 3 High Street Larne Co. Antrim 8T40 IJN Bankers Danske Bank DonegaS1 Square West Belfast BTI 6JS Sollcltors MacAllister McAleese 20 High Street Larne Co. Antrim 8T40 IJN
BCDA UMITED TRUSTEES. REPORT {INCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENDED 30 JUNE 2024 The Trustees present their report and accounts for the year ended 30 June 2024. The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the chariws Memorandum and 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 (FRS 102) effective l January 2015)" Objectives and activities The charitvs objectives are for the publlc beneflt to provide educational and recreational opportunltles to promote health and wellbelng of the inhabitants of Ballygally and surrounding area. to advance the health and wellbeing of the inhabltants of Ballygally and surroundln8 area by associating with relevant statutory authorities and voluntary bodies. to improve the environment of the village of 8allygally and surrounding area, Achievements and performance In Ilne with its objects, BCDA Ltd successfully dellvered a diverse programme of educational and recreational activities and classes throughout the year. A BCDA Youth committee was formed this vear, 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 contlnued to collaborate wlth the local Council and other organisations to posltlvely 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 pa8es 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 policv It IS the policy of the charity that unrestrlcted fund5 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 signtficant drop in funding, they will be able to continue the charivs current activities while consideration is given to ways in whlch additional funds may be raised. Thls level of reserve5 has been maintained throughout the year. The trustees have assessed the major risks to which the charlty 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 UMITED TRUSTEES. REPORT (CONTINUED) (INCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENDED 30 JUNE 2024 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 Anne Lennon Carol Mcmullan Elizabeth Mccusker {Resigned 27/11124) Angela Smyth Andrew Clarke Matthew Harger (Re51gned 1714124) Mark Mcconkey David McAleese Adrian Davis Gareth Owen The directors of the company are also charity trustees for the purpose of charity law. Under the requirements of the Articles of Associatlon, unless otherwise determined by the company in general meeting the number of trustees shall not be less than four nor more than fifteen. None of the Trustees has any beneficial interest in the company. All the trustees are members of the company and guarantee to contrlbute £1 In the event of a windin8 UP. The Trustees, r as approved by the Board of Trustees. William Hunter Trustee 4 F brua 2025
BCDA UMITED INDEPENOENT EXAMINER'S REPORT TO THE TRUSTEES OF BCDA LIMITED We report on the accounts of the charity for the year ended 30 June 2024, which are setout on Pages 5 to 13. Respective responsibilitles of Trustees and examlner The charity Trustees, who are also the directors of BCOA Lirnited 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 6512} of the Charities Art (Northern Ireland) 2008 and that an independent examination under section 64{1) of the Charities Act {Northern Ireland} 2008 Is required. Having satisfied ourselves that the charity is not subject to audit under company law and is eligible for independent examinatlon, it Is our responsibility to: examine the accounts under sectlon 65 of the Charltles Act (Northern Ireland) 2008,. to state whether particular matters have come to our attention. Basis of independent examiner's report We have examined your charity accounts as required under section 65 of the Charitie5 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 a150 included consideratlon of any unusual items or disclosures in the accounts and seeking explanations from you as charity trustees concernlng any such matters. The procedures do not provide all the evldence that would be requlred in an audit, and consequently we do not express an audit opinion on the view given by the financial statements. Independent exarninerfs 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 accountin8 records in accordance with section 64 of the Charities Act (Northern Ireland) 2008 have not been met. or To which, in Our oplnion, attentlon should be drawn In order to enable a proper understandin8 of the accounts to be reached. hartered Accountants igh Street LARNE BT40 IJN th 4 Februa 2025
BCDA LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 Unrestricted 2024 Restricted 2024 Total 2024 Total 2023 Incoming resources Investment income Grants Charitable activities 7.345 2,342 8.991 7,345 4,145 8.991 6.674 7,845 5,455 1,803 18,678 1,803 20,481 19,974 Resources expended Charitable expenditure: Charitable activities Governance costs 15,439 869 18,011 33,450 869 28.442 848 16,308 18,011 34,319 29,290 Net incoming resourcesl (resources expended) 2,370 {16,208) {13,838) 19,3161 Total movement in funds Funds at l July 2023 96,506 586,860 683,366 692.682 Funds at 30 June 2024 98,876 570,652 669.528 683,366 The Trustees are of the opinion that the Income and Expenditure account as required by company law is included within the above Statement of Financial Activities. All actlvlties 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 SHEEf AS AT 30 JUNE 2024 2024 2023 Notes Flxed assets Tangible assets io 545,769 561,977 Current assets Debtors Cash at bank and in hand 11 7,345 118,921 6,312 116,827 126,266 123,139 Creditors: amounts falllng due within one year 12 2,507 1,750 Net current assets 123,759 121,389 Total asset5 le55 current liabilities 669,528 683,366 Funds Unrestricted funds Restrlcted funds 15 13. 15 98,876 570,652 96.506 586,860 669,528 683,366 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 deposited a notice, pursuant to section 476, requiring an audit of these accounts. These accounts have been prepared In accordance with the provisions appllcable to companles subject to the small companies, regime. The Trustees, responsibilities for ensurinB that the charlty keeps accounting records which cornply 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 resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relatin8 to accounts, so far as applicable to the company. The accounts were approved by the Trustees on 4 February 2 agee Director Director Company Registration No. N1603451
BCDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30JUNE 2024 Accountlng pollcles Charity information 8CDA limited is a private company limited by guarantee incorporated in Northern Ireland. The reglstered office is 264 Coast Road, 8allygally, Larne, Co. Antrim, BT40 2QX Accountlng convention The accounts have been prepared Sn accordance with the charSty'S Articles of Association the Companies Art 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" {as amended for accountlng periods commencing from l January 2016). The charity is a Public 8eneflt Entity as deflned by FRS 102. The charity has taken advantage of the provisions in the SORP for charitles applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The accounts are prepared in sterlin& which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been ppared under the hlstorlcal cost conventlon, modified to Include the revaluation of freehold properties and to include investment properties and certain financial 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 expertation 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 discretion of the Trustees in furtherance of their charitable objectives unless the fund5 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 restrlcted funds are set out in the notes to the accounts. Endowrnent 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 2024 Incomlng 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 donatlon. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and recelpt is expected. If the amount Is not known, the legacy is treated as a contingent asset. Turnover is measured at the falrvalue of the conslderatlon received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes. Resources expended Basic financial liabilitles, includlng credltors and bank loans are Initlally recognised 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. Flnanclal liabilities classlfied 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 serrfices that have been acquired in the ordinary course of operatlons from suppliers. Amounts payable are classlfied as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are reco8nised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Tan8lble flxed a55ets Tangible fixed assets are initially measured at cost and subsequentSy measured at cost or valuation, net of depreciation and any impairment losses. 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 buildings Fixtures and fittings 2% straight line 25% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and 15 reco8nised in net incomellexpenditurel for the year.
BCDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Impairnient of flxed assets At each reporting end date, the charity reviews the carrying arnounts 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 estirnated in order to determine the extent of the irnpairment loss lif anv). Intangible assets with indefinite useful lives 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 ¢ash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short- term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Financlal instruments The charity has elected to apply the prov5sions of Section 11 'Basic Financial Instruments, and Section 12 '0ther FinancSal Instruments Issue5, of FRS 102 to all of its financial instruments. Flnancial instrurnents are recognised In the charity's balance sheet when the charlty becomes party to the contractual provisions of the instrument. Financial assets and Ilabilities are offset, with the net amounts 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 simultaneouslv. 8asic financlal assets 8asic flnancial 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 flnancing 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 recognised 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 UMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Trade creditors are obligations to pay for goods or seNices that have been acquired In the ordinary course of operations from suppliers. Arnounts payable are classified as current liabilities if payment Is due wlthin 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 usin8 the effettive interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charitys contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entltlement Is recognised in the period in which the employee's services are received. Termination benefits are reco8nised immediately as an expense when the chartyls demonstrably committed to terminate the employrnent of an employee or to provide terminatlon benefits. Critical a¢countlng estimates and judgements In the application of the charit$ accounting policies, the Trustees are required to make judgements, estimates and a55umptions 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 fartors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are revlewed on an on8oin8 basis. Revlsion5 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. 10
BCDA UMITED NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30JUNE 20Z4 Investment Income 2024 2023 Contribution from BCDA Tradin8 Ltd 7,345 6,674 Donatlons and le8acies 2024 2023 Other donations Grants 2.342 1,803 685 7,160 4,145 7,845 Charltles artlvltles Income 2024 2023 Excurslons, classes and functSon5 8.991 5,455 Charltable activitles expendlture 2024 2023 Depreciation and impairment Insurance Donations Licences Excursion5, classes & functions Property maintenance Cleaning Equipment repairs Printing & stationery Sundry expenses Bank fees 16,208 978 130 83 12,226 3,456 16,208 828 200 575 9,660 38 170 630 171 159 164 33,450 869 28.442 Share of governance costs {see note 7) 34,319 29,290 Analysls by fund Unrestricted funds Restrirted funds 16,308 18,011 10,082 19,208 34,319 29,290 11
BCOA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Support costs Support Costs Governance Costs Basis of Allocation 2024 2023 Legal and professional 869 869 848 Governance Governance costs includes payments to the independent examlners of £800 (2023 - £800) for accountancy fees. Trustees None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. Employees There are no employees. io Tanglble fixed assets Flxtures, Fittiny and Equipment 8uildln85 Total Cost At l July 2023 & at 30 June 2024 Addition 751.630 35,123 786,753 751,630 35,123 786,753 Oepreclatlon At l July 2023 Charge for the year 193,178 15.033 31,598 1,175 224,776 16,208 At 30 June 2024 208,211 32,773 240,984 Net book value .At 30 June 2024 543,419 2,350 545,769 At 30 June 2023 558,452 3,525 561,977 11 Debtors 2024 2023 Contribution frorn BCDA Trading Limited VAT 7,345 6,145 167 7,345 6,312 12
BCDA LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 12 Credltors: amounts falling due wlthin one year 2024 2023 Creditors Accruals Companies House 337 1,800 370 1,750 2,507 1.750 13 Restrlcted funds Openln8 Balance Closin8 Balance Income Expenditure Transfer5 The Big Lottery Fund North East Region Larne Borough Council Others 396,935 26,094 160,846 2,985 (5,011) (5,011) 15,0111 (2.9781 391,924 21.083 155,835 1,810 1.803 586,860 1,803 18,011 570.652 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 Contlngent Ilabllltles Certain grants received and recelvable 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 quantlfy the potential financial effect or give an indication of timing as to the liabilitles that may arise. 15 Analysls of Net Assets between funds Tanglble Flxed Assets Current Assets 2024 Total Unrestricted funds 98,876 98.876 Restrlcted funds The Big Lottery Fund North East Region Mid & East Antrlm Borough Councll Others 383,630 12,789 147,540 1,810 8.294 8,294 8,295 391,924 21,083 155,835 1,810 545,769 24.883 570,652 545.769 123,759 669,528 13