COMPANY REGISTRATION NUMBER: NI046528 CHARITY REGISTRATION NUMBER: 101765
Bready & District Ulster Scots Development Association
Company Limited by Guarantee Unaudited Financial Statements
31 March 2025
KEITH McELHINNEY & CO
Chartered Accountants 42A Clooney Terrace Waterside Londonderry BT47 6AP
Bready & District Ulster Scots Development Association
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2025
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities (including income and | |
| expenditure account) | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 9 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 19 |
| Notes to the detailed statement of financial activities | 21 |
Bready & District Ulster Scots Development Association
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2025
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.
Reference and administrative details
Registered charity name Bready & District Ulster Scots Development Association
Charity registration number 101765 Company registration number NI046528 Principal office and registered 231 Victoria Road office Bready Strabane Co. Tyrone BT82 0EB
The trustees
Mr N Allen Mr. IA Henderson Mr SR Kelly Emma Brown Tim Brown Dean McCarter Jill Smallwoods
Independent examiner Keith McElhinney Chartered Accountant 42A Clooney Terrace Waterside Londonderry BT47 6AP
Structure, governance and management
The Charity is managed by an Executive Committee which consists of all the appointed trustees, and the selection of any new Trustees is dealt with by that Committee.
The Charity was incorporated on 16 May 2003, and is governed by its Memorandum and Articles of Association dated at that time.
Objectives and activities
The purposes of the Charity can be summarised as follows;
" To facilitate the examination, exploration and appreciation by all of Ulster Scottish history, heritage and culture
1
Bready & District Ulster Scots Development Association
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Objectives and activities (continued)
" To promote Culture confidence and civic pride, bolster morale of the community and harness the abilities of local people
" To promote and preserve the culture and heritage of local people, and assist in social and economic well being through local development programmes
" To encourage the establishment, maintenance and development of other community associations within the area of benefit, providing support, information and advice in furtherance of this objective
Main Activities to further the Charity`s purposes for the public benefit
Bready and District Ulster Scots own and manage the Sollus Centre which provides a space and support for connected groups which brings 300 people from the community into the centre weekly. We deliver outreach tuition programs in Ulster Scots Music and Highland dance to over 500 children in various schools and community groups in the North West, as well as programs for good relations departments in local councils, promoting Ulster Scots Culture. We offer guidance on funding opportunities, governance, event planning and training needs as well as assisting member groups to access funding from a range of sources. Deliverance of talks and workshops to a wide range of audiences including local history groups and community organisations, as well as local heritage tours in the local area. Present interactive history, language and music workshops in schools. Produce educational material on a range of relevant topics as well as maintain an informative and current website and social media presence Provide, manage and resource local historical artifacts and databases that are used to assist visitors to research their heritage and links with the area.
Achievements and performance
This year has been marked by momentum and development, with Ulster Scots culture gaining greater visibility across the North West and beyond. Our workshops and school tuition projects continue to thrive, with participation levels exceeding expectations, and volunteers, particularly younger members taking on leadership roles that strengthen long term resilience and future proofing. Demand for our artists is rising, user groups are growing with the support of our purpose built facilities, and the overall quality of our programmes is setting a higher standard year on year. Guided by our strategy, we are focused on structuring the Ulster Scots revival by broadening participation, expanding community programmes, promoting heritage with stakeholders, dovetailing local groups, and securing the funding and infrastructure needed to sustain and grow our work. Collaboration with several other groups and organisations has benefited Bready Ulster Scots greatly, fostering stronger partnerships, widening our reach, and enhancing the impact of our cultural programmes.
Financial review
The Charity had a surplus for the year to 31 March 2025 of £12,951 (2024: deficit £10,888), and at 31 March 2025 had net assets of £445,270 (2024: £432,319). As at 31 March 2025 the Charity had no funds in material deficit
2
Bready & District Ulster Scots Development Association
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 10 December 2025 and signed on behalf of the board of trustees by:
Mr SR Kelly Trustee
3
Bready & District Ulster Scots Development Association
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Bready & District Ulster Scots Development Association
Year ended 31 March 2025
I report to the trustees on my examination of the financial statements of Bready & District Ulster Scots Development Association ('the charity') for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the company (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 Charities Act (Northern Ireland) 2008 (the ‘2008 Act’) and the Companies Act 2006 (‘the 2006 Act’). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; 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 and Republic of Ireland (FRS 102).
4
Bready & District Ulster Scots Development Association
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Bready & District Ulster Scots Development Association (continued)
Year ended 31 March 2025
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
Keith McElhinney Chartered Accountant Independent Examiner
42A Clooney Terrace Waterside Londonderry BT47 6AP
10 December 2025
5
Bready & District Ulster Scots Development Association
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 71,414 | 50,728 | 122,143 | 70,679 |
| Charitable activities | 6 | 53,187 | – | 53,187 | 64,275 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total income | 124,601 | 50,728 | 175,330 | 134,954 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 7,8 | 114,039 | 48,339 | 162,379 | 145,842 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 114,039 | 48,339 | 162,379 | 145,842 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net income/(expenditure) and net | |||||
| movement in funds | 10,562 | 2,389 | 12,951 | (10,888) | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 435,501 | (3,182) | 432,319 | 443,207 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 446,063 | (793) | 445,270 | 432,319 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 17 form part of these financial statements.
6
Bready & District Ulster Scots Development Association
Company Limited by Guarantee
Statement of Financial Position
31 March 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 13 | 565,056 | 557,885 |
| Current assets | |||
| Debtors | 14 | 6,779 | 15,754 |
| Cash at bank and in hand | 73,023 | 26,884 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 79,802 | 42,638 | ||
| Creditors: amounts falling due within one year | 15 | 14,782 | 1,224 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Net current assets | 65,020 | 41,414 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total assets less current liabilities | 630,076 | 599,299 | |
| Creditors: amounts falling due after more than one year | 16 | 184,806 | 166,980 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net assets | 445,270 | 432,319 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Funds of the charity | |||
| Restricted funds | (793) | (3,182) | |
| Unrestricted funds | 446,063 | 435,501 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total charity funds | 19 | 445,270 | 432,319 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The statement of financial position continues on the following page. The notes on pages 9 to 17 form part of these financial statements.
7
Bready & District Ulster Scots Development Association
Company Limited by Guarantee
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of trustees and authorised for issue on 10 December 2025, and are signed on behalf of the board by:
Mr SR Kelly Trustee
The notes on pages 9 to 17 form part of these financial statements.
8
Bready & District Ulster Scots Development Association
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 231 Victoria Road, Bready, Strabane, Co. Tyrone, BT82 0EB.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
No cash flow statement has been presented for the company.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
9
Bready & District Ulster Scots Development Association
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
10
Bready & District Ulster Scots Development Association
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Freehold property | - | 2% straight line |
|---|---|---|
| Fixtures and fittings | - | 10% straight line |
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.
Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
11
Bready & District Ulster Scots Development Association
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
Bready & District Ulster Scots Development Association is a company limited by guarantee (restricted to £1 per full member) and not having a share capital and is registered as a charity
12
Bready & District Ulster Scots Development Association
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 160 | – | 160 |
| Grants | |||
| Department for Education | – | – | – |
| Derry City & Strabane DC Grants | 17,649 | – | 17,649 |
| Ulster Scots Agency Grants | 28,558 | 28,002 | 56,561 |
| Department for Communities | 18,560 | 6,598 | 25,158 |
| Rapid Grant | 4,150 | – | 4,150 |
| Exam Fees Grant | 1,737 | – | 1,737 |
| Peace Plus | 600 | – | 600 |
| Halifax | – | 3,000 | 3,000 |
| Capital grant release | – | 13,128 | 13,128 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 71,414 | 50,728 | 122,143 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 700 | – | 700 |
| Grants | |||
| Department for Education | – | 15,690 | 15,690 |
| Derry City & Strabane DC Grants | 17,596 | – | 17,596 |
| Ulster Scots Agency Grants | 8,460 | – | 8,460 |
| Department for Communities | – | 14,646 | 14,646 |
| Rapid Grant | – | 1,150 | 1,150 |
| Exam Fees Grant | – | – | – |
| Peace Plus | – | – | – |
| Halifax | – | – | – |
| Capital grant release | – | 12,437 | 12,437 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 26,756 | 43,923 | 70,679 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
13
Bready & District Ulster Scots Development Association
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
6. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Performances & Activities | 23,668 | 23,668 | 36,833 | 36,833 |
| Sale of goods/services made or | ||||
| provided by the beneficiaries of the | ||||
| charity | 17,330 | 17,330 | 14,796 | 14,796 |
| Rent receivable | 12,189 | 12,189 | 12,646 | 12,646 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 53,187 | 53,187 | 64,275 | 64,275 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
7. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Charitable Activity | 110,606 | 48,339 | 158,945 |
| Support costs | 3,433 | – | 3,434 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 114,039 | 48,339 | 162,379 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Charitable Activity | 98,517 | 43,902 | 142,419 |
| Support costs | 3,423 | – | 3,423 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 101,940 | 43,902 | 145,842 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
8. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||
| directly Support | costs | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Charitable Activity | 158,945 | 3,434 | 162,379 | 145,842 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Net income/(expenditure) | ||||
| Net income/(expenditure) is stated after | charging/(crediting): | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 24,759 ৶৶৶৶৶৶৶৶ |
23,594 ৶৶৶৶৶৶৶৶ |
9. Net income/(expenditure)
14
Bready & District Ulster Scots Development Association
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
10. Independent examination fees
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 1,294 ৶৶৶৶৶৶৶ |
1,020 ৶৶৶৶৶৶৶ |
11. Staff costs
| The total staff costs and employee benefits for the reporting period are analysed as follows: | The total staff costs and employee benefits for the reporting period are analysed as follows: | The total staff costs and employee benefits for the reporting period are analysed as follows: |
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Wages and salaries | 26,294 | 18,904 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| The average head count of employees during the year was 5 (2024: 5). The average number of | ||
| full-time equivalent employees during the year is analysed as follows: | ||
| 2025 | 2024 | |
| No. | No. | |
| Number of staff - admin | 5 | 5 |
| ৶৶৶৶ | ৶৶৶৶ |
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
12. Trustee remuneration and expenses
no remuneration or other benefits from employment with the charity or a related entity were received by the trustees
13. Tangible fixed assets
| Freehold | Fixtures and | ||
|---|---|---|---|
| property | fittings | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 April 2024 | 640,219 | 126,094 | 766,313 |
| Additions | 25,349 | 6,581 | 31,930 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| At 31 March 2025 | 665,568 | 132,675 | 798,243 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Depreciation | |||
| At 1 April 2024 | 158,132 | 50,296 | 208,428 |
| Charge for the year | 12,787 | 11,972 | 24,759 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| At 31 March 2025 | 170,919 | 62,268 | 233,187 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Carrying amount | |||
| At 31 March 2025 | 494,649 | 70,407 | 565,056 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| At 31 March 2024 | 482,087 | 75,798 | 557,885 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
15
Bready & District Ulster Scots Development Association
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
| 14. | Debtors | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Trade debtors | 1,730 | 6,712 | |
| Other debtors | 5,049 | 9,042 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 6,779 | 15,754 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 15. | Creditors: amounts falling due within one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Trade creditors | 11,689 | – | |
| Accruals and deferred income | 1,384 | 1,224 | |
| Social security and other taxes | 1,709 | – | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| 14,782 | 1,224 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 16. | Creditors: amounts falling due after more than one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Accruals and deferred income | 184,806 | 166,980 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 17. | Deferred income | ||
| 2025 | 2024 | ||
| £ | £ | ||
| At 1 April 2024 | 166,979 | 93,182 | |
| Amount released to income | (13,128) | (12,436) | |
| Amount deferred in year | 30,955 | 86,234 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| At 31 March 2025 | 184,806 | 166,980 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 18. | Government grants |
The amounts recognised in the financial statements for government grants are as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Recognised in creditors: | ||
| Deferred government grants due after more than one year | 184,806 | 166,980 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Recognised in income from donations and legacies: | ||
| Government grants income | 13,128 ৶৶৶৶৶৶৶৶ |
12,437 ৶৶৶৶৶৶৶৶ |
16
Bready & District Ulster Scots Development Association
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
19. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | ||||
| At | 31 | March 202 | ||
| 1 April 2024 | Income | Expenditure | 5 | |
| £ | £ | £ | £ | |
| General funds | 435,501 | 124,601 | (114,039) | 446,063 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| At | ||||
| At | 31 | March 202 | ||
| 1 April 2023 | Income | Expenditure | 4 | |
| £ | £ | £ | £ | |
| General funds | 446,410 | 91,031 | (101,940) | 435,501 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Restricted funds | ||||
| At | ||||
| At | 31 | March 202 | ||
| 1 April 2024 | Income | Expenditure | 5 | |
| £ | £ | £ | £ | |
| Restricted Funds | (3,182) | 50,728 | (48,339) | (793) |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶ | |
| At | ||||
| At | 31 | March 202 | ||
| 1 April 2023 | Income | Expenditure | 4 | |
| £ | £ | £ | £ | |
| Restricted Funds | (3,203) ৶৶৶৶৶৶৶ |
43,923 ৶৶৶৶৶৶৶৶ |
(43,902) ৶৶৶৶৶৶৶৶ |
(3,182) ৶৶৶৶৶৶৶ |
17
Bready & District Ulster Scots Development Association
Company Limited by Guarantee
Management Information
Year ended 31 March 2025
The following pages do not form part of the financial statements.
18
Bready & District Ulster Scots Development Association
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 160 | 700 |
| Department for Education | – | 15,690 |
| Derry City & Strabane DC Grants | 17,649 | 17,596 |
| Ulster Scots Agency Grants | 56,561 | 8,460 |
| Department for Communities | 25,158 | 14,646 |
| Rapid Grant | 4,150 | 1,150 |
| Exam Fees Grant | 1,737 | – |
| Peace Plus | 600 | – |
| Halifax | 3,000 | – |
| Capital grant release | 13,128 | 12,437 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 122,143 | 70,679 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Charitable activities | ||
| Performances & Activities | 23,668 | 36,833 |
| Sale of goods/services made or provided by the beneficiaries of the | ||
| charity | 17,330 | 14,796 |
| Rent receivable | 12,189 | 12,646 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 53,187 | 64,275 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Total income | 175,330 | 134,954 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
19
Bready & District Ulster Scots Development Association
Company Limited by Guarantee
Detailed Statement of Financial Activities (continued)
Year ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Purchases | 14,151 | 10,144 |
| Wages and salaries | 26,294 | 18,904 |
| Rates and water | 595 | 370 |
| Light and heat | 6,591 | 6,619 |
| Repairs and maintenance | 3,511 | 5,474 |
| Insurance | 2,539 | 1,959 |
| Legal and professional fees | 1,660 | 1,572 |
| Telephone | 1,301 | 1,134 |
| Other office costs | 1,167 | 1,147 |
| Depreciation | 24,759 | 23,594 |
| Bank charges | 607 | 704 |
| Printing, postage & stationery | 3,099 | 2,948 |
| Advertising | 518 | – |
| Travel costs | 539 | 642 |
| Direct charitable activity - Programme Costs | 72,376 | 69,828 |
| Direct charitable activity - Catering | 405 | 803 |
| Caretaker | 2,267 | – |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 162,379 | 145,842 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Total expenditure | 162,379 | 145,842 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net income/(expenditure) | 12,951 | (10,888) |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
20
Bready & District Ulster Scots Development Association
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Charitable Activity | ||
| Activities undertaken directly | ||
| Direct charitable activity 1 - purchases | 14,151 | 10,144 |
| Direct charitable activity - wages/salaries | 26,294 | 18,904 |
| Direct charitable activity - rates & water | 595 | 370 |
| Direct charitable activity - light & heat | 6,591 | 6,619 |
| Direct charitable activity - repairs & maintenance | 3,511 | 5,474 |
| Direct charitable activity - insurance | 2,539 | 1,959 |
| Direct charitable activity - telephone | 1,301 | 1,134 |
| Direct charitable activity - depreciation | 24,759 | 23,594 |
| Direct charitable activity - Printing, postage & stationery | 3,099 | 2,948 |
| Direct charitable activity - Advertising | 518 | – |
| Direct charitable activity - Travel costs | 539 | 642 |
| Direct charitable activity - Programme Costs | 72,376 | 69,828 |
| Direct charitable activity - Catering | 405 | 803 |
| Caretaker | 2,267 | – |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 158,945 | 142,419 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Support costs | ||
| Support charitable activity - legal and professional fees | 1,660 | 1,572 |
| Support charitable activity - Genaral expenses | 1,167 | 1,147 |
| Support charitable activity - Bank charges | 607 | 704 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 3,434 | 3,423 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Expenditure on charitable activities | 162,379 ৶৶৶৶৶৶৶৶৶ |
145,842 ৶৶৶৶৶৶৶৶৶ |
21