Company registration number: N133782
Charity registration number.. NICI 01991
The Village Garden (Broughshane) Ltd
(A company limited by share capital)
Annual Report and Financial Statements
for the Year Ended 31 March 2024

The Village Garden (Broughshane) Ltd
Contents
Reference and Administrative Details
Trustees, Report
2to4
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
7t08
Notes to the Financial Statements
9t0 17

The Village Garden (Broughshane) Ltd
Reference and Administrative Details
Trustees
Mr Barry Bamber
Mrs Mae Clark
Mr Andrew Davison
Mr Leonaid Fenton
Mrs Mary Knox
Dr Tony R¢dmond
Mr Sandy Wilson
Mrs Anna Louise Lamont
Secretary
Mrs Anna Louise Lamont
Charity Registration Number
NIC101991
Company Registration Number
N133782
The charity is incorporated in Northern ireland.
Broughshane House
70 Main Street
Broughshane
BT42 4JW
Registered Offiee
Independent Examiner
DT Carson & Co.
51 53 Thomas Street
Ballymena
Co. Antrim
B T43 6AZ
Solicitors:
McKervill, Neilly
l Broadway Avenue
Ballyrnena
Co Antrim
B T43 7AA
Bankers
Ulster Bank Ltd
Wellington Street
Ballym¢na
Page I

The Village Garden (Broughshane) Ltd
Trustees, Report
The trustees, who are directors for the purposes of company law, present the annual report together with the
financial statements of the charitable company for the year ended 31 March 2024.
Objectives and activities
Objecls and
The company's objectives and Principal activites are to promote benefit of the inhabitants of the Broughshane
and surrounding area without distinction of race, religion or political opinion.
Objectives, stralegies and acllvllles
The main objectives and activities for the year continued to focus on the promotion of the area and its
inhabitants. The strategies employed to meet these objectives included:
Offer a neutral venue for any grouplorganisationlindividual in which to meet.
Liaise with the statutorylvoluntary organisations and act as a lead partner for Ballymena East Rwal Community
Cluster
Act as an advice centre to our affiliated groups along with administrativeloffice support.
Provide rental office accomodation in order to generate a sustainable income.
Provide rental of a cottage.
Maintenance of a website.
Support and develop connections of all communitylvoluntary groups in the area.
Provide support in organising community events.
Public benefil
The trustees confirn] that they have complied with the requirements of the Charities Act (Northern Ireland) 2008
to have due regard to the publi¢ benefit guidance published by the Charity Commission for Northern Ireland.
Financial review
Pollcy on reserves
The Charity aims to use their income in furtherance of their objectives and any small amounts in the unrestricted
fimds are held to meet any unforseen expenditure that may occur.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Page 2

The Village Garden (Broughshane) Ltd
Trustees, Report
Trustees.,
Mr Barry Bamber
Mrs Mae Clark
Mr Andrew Davison
Mr Leonard Fenton
Mrs Mary Knox
Dr Tony Redmond
Mr Sandy Wilson
Mrs Anna Louise Lamont
Secretary:
Mrs Anna Louise Lamont
Structure* governgnee and management
Nftlure ofgovernlng documenl
The organisation is a charitable company limit¢d by guarantee, incorporated on 4 March 1998, registered as a
charity with HMRC on 6 September 2001 and registered with The Northern Ireland Charities Commission on 9
October 2015. The Company was established under a Memorandum of Association which established the objects
and powers of the charitable Company and is governed under it's Articles of Association. In the event of the
company being wound up, trust¢es ar¢ required to contribute an amount not exceeding £5.
Recruilmenl and appolnlmen¢ of Iruslees
UndeT the requirements of the Memorandum and Articles of Association, the trustees are elected to serve until
the next Annual General Meeting following their appointment after which they are eligible for re-election.
Organlsallonal slruelure
The development manager is responsible for the organisation and administration of the charity. An assistant is
employed to look after the cleaning and maint¢nanc¢ of Houston's Mill and Brough5hane House.
Page 3

The Village Garden (Broughshane) Ltd
Trustees, Report
St8tement of trustees, responsibilities
The trustees (who are also the directors of The Village Garden (Brough5hane) Ltd for the purposes of company
law) are responsible for preparing the trustees, report and the financial statements in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice),
including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland"
Company law requires the trustees to prepare financial statements for each financial year. Under company law
the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view
of the state of affairs of the charitable company and of the incoming resources and application of resources,
including its incorne and expenditure, of the charitable company for that period. In preparing these financial
statements, the trustees are required to:
select suitable accounting policies and apply them consistently.
observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any
material departures disclosed and explained in the financial statements. and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at
any time the financial position of the charitable company and enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable
company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial infonnation
included on the charitable company's website. Legislation governing the preparation and dissemination of
financial statements may differ from legislation in other jurisdictions.
The annual report was approved by the trustees of the charity on 25 June 2024 and 5ign¢d on its behalf by:
Mrs Anna Louise Lamont
Company Secretary
Page 4

The Village Garden (Broughshane) Ltd
Independent Examiner's Report to the trustees of The Village Garden (Broughshane)
Ltd ('the Company,)
I report to the charity irust¢¢s on my examination of the accounts of the Company for the year ended 31 March
2024.
Responsibilities and basis of report
As the charity's trustees of The Village Garden (Broughshane) Ltd (and also its director5 for the purposes of
company law) you aTe responsible for the preparation of the accounts in accordance with th¢ requirements of the
Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of The Village Garden (Bioughshane) Ltd 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 your charity's accounts as carried out under section 65 of the Charities Act (Northern Ireland)
2008. In carrying out my examination I have followed the Directions given by th¢ Charity Commission for
Northern Ireland under section 65(9)(b) of the Charities Act.
An independent examination does not involve gath¢ring all the evidence that would be required in an audit and
onsequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The
planning and conduct of an audit goes beyond the limited assurance that an independent ¢xamination can
provide. Consequently I express no opinion as to whether the accounts present a 'true and fair. view and my
report is limited to those specific matters set out in the independent examiner's statement.
Independent examiner's statement
I have completed my examination. I confirni that no matters have come to my attention in connection with the
examination giving me cause to believe:
l. accounting records were not kept in respect of Th¢ Village Garden (Broughshane) Ltd as required by
5¢Ction 386 of th¢ 2006 Act. or
2. the accounts do not accord with those records. or
3. the accounts do not comply with the accounting requiremenls of section 396 of the 2006 Act other than
any r¢quirem¢nt that the accounts give a 'true and fair view, which is not a matter Considered as part of an
ind¢pendent examination: or
4. the accounts have not been prepared in accordance with the melhods and principles of the Statement of
R¢comrnend¢d Practice for accounting and reporting by charities [applicable to charjties preparing their
accounts in a¢cordan¢¢ with the Financial Reporting Standard applicabl¢ in the UK and Republic of
Ireland (FRS 102)].
I have no concern5 and hav¢ come acr055 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 accounts to be reached.
Edwin
¢Laugiilin
Chartered Accountants Ireland
51- 53 Thomas Street
Ballymena
Co. Antrim
B T43 6AZ
25 June 2024
Page 5

The Village Garden (Broughshane) Ltd
Statement of Financial Activities for the Year Ended 31 March 2024
(Including Income and Expendlture Account and Statement of Total Recognised Gains
and Losses)
Total
2024
Unrestricted
Restricted
Note
Ineome and Endowments from:
Charitable activities
79,188
3,000
82,188
Total Income
79,188
3,000
82,188
Expenditure on:
Charitable activities
129,125
(3,000)
(132,125
Total Expenditure
(129,125
3,000
(132,125)
Net expenditure
Transfers between funds
(49,937)
67,439
(49,937)
67,439
Net movement in funds
17,502
(67,439)
(49,937)
Reconeiliation offunds
Total ￿ndS brought forward
280,661
680,620
961.281
Total funds carried forward
12
298,163
613,181
911,344
Total
2023
Unrestricted
Restricted
Note
Income and Endowments from:
Charitable activities
81,946
4,488
86,434
Total Income
81,946
4,488
86,434
Expenditure on..
Charitable activities
(138,631)
(4,488)
143,119)
Total Expenditure
(138,631
(4,488)
(143,119}
Net expenditure
Transfers between funds
(56,685)
67.474
(56,685)
(67,474)
Net movement in funds
10,789
(67,474)
(56,685)
Reconciliation of funds
Total funds brought forward
269,872
748,094
1,017.966
Total funds carried forward
12
280.661
680.620
961,281
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2023 is shown in note 12.
The notes on pages 9 to 17 forni an integral part of these financial statements.
Page 6

The Village Garden (Broughshane) Ltd
(Registration number: N133782)
Balance Sheet as at 31 March 2024
2024
2023
Note
Fixed assets
Tangible assets
Envestments
530,724
456,626
572,009
456,626
987,350
1,028.635
Current assets
Debtors
Cash at bank and in hand
io
7,153
4.646
4,975
18,858
11,799
23,833
Creditors.. Amounts falling due within One year
Net current liabilities
(87,805)
(91,187)
(76,006)
(67,354)
Net assets
911,344
961,281
Funds of the charity:
Restricted ineome funds
Restricted funds
12
613,181
680,620
Unrestricted income funds
Unrestricted funds
298.163
280.661
Total funds
12
911,344
961,281
The notes on pages 9 to 17 form an integral part of these financial statements.
Page 7

The Village Garden (Broughshane) Ltd
(Registration number: N133782)
Balance Sheet as at 31 March 2024
For the financial year ending 31 March 2024 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 charity to obtain an audit of its accounts for the year in question in
accordance with section 476. and
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect
to accounting records and the preparation of accounts.
The financial statements on pages 6 to 17 were approved by the t￿Stees, and authorised for issue on 25 June
2024 and signed on their behalf by..
amber
Dr Tony Redmond
Trustee
Trustee
The notes on pages 9 to 17 forni an integral part of these financial statements.
Page 8

The Village Garden (Broughshane) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
I Charity status
The charity is limited by share capital, incorporated in Northern ireland.
The address of its regi5t¢red office is..
Broughshane House
70 Main Street
Broughshane
BT42 4JW
These fInancial statements were authorised for issue by the trustees on 25 June 2024.
2 Accounting polieies
Summary of signifieant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below.
These policies have been conslstently applied to all th¢ years presenfrd, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance wtth the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January
2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act (Northern Ireland) 2008.
Basis of preparation
The Village Garden (Broughshane) Ltd meets the definition of a public benefit entity under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the
relevant accounting policy notes.
Going concern
The trustees consider that there are no material uncertainti¢s about the charity's ability to continue as a going
concern nor any significant areas of uncertainty that affect the carrying value of assets held by th¢ charity.
Exetnption from preparing a cash flow statement
The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash
flow statement in these financial statements.
Pag¢ 9

The Village Garden (Broughshane) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
Income and endowments
Donations and legacies
Donations are recognised when the charity has been T]Otified in writing of both the amount and settlement date.
In the event that a donation is subject to conditions that require a level of perfonnance by the charity before the
harity is entitled to the ￿nds, the income is deferred and not recognised until either those conditions are fully
met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these
conditions will be fulfjlled in the reporting period.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to
particular headings they have been allocated on a basis consistent with the use of resources, with central staff
costs allocated on the basis of time spenL and depreciation charges allocated on the portion of the asset's use.
Other support costs are allocated based on the spread of staff costs.
Choritable aclivilles
Charitable expenditure comprises those costs inCu￿ed by the Charity in the delivery of its activities and services
for its beneficiaries. It includes both costs that can be allocated directly to such a¢tivities and those costs of an
indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore it meets the definition of a charitsble cornpany for UK coryoration tax purposes. Accordingly, the
charity is potentially exempt from taxation in respect of incorne or capital gains received within categories
covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets are initially recorded at cost. less any sub5equ¢nt accumulated depreciation and
subsequent accumulated impairnient losses.
Depreciation 8nd amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows:
Page 10

The Village Garden (Broughshane) Ltd
Notes to the Financial Statements for the Year Ended 31 Mareh 2024
Asset class
Land & buildings
Furni￿re & equipment
Investment property
Depreelation method and rate
40/0 Straight-line
200/0 reducing balance
Investment properti
Certain of the charity's properties are held for long-terni investment.
No depreciation is provided in respect of investment prop¢rties.
This treatment as regards the charity's investment properties may b¢ a departure from the requirements of the
Companies Act concerning the depreciation of fixed assets. However, th¢se properties are not held for
comsumption but for investment and the trustees consider that systemic annual depreciation would be
inappropriate. The accounting policy adopted is therefore necessary for the financial statements to giv¢ a true
and fair view.
Fixed asset investments
Fix¢d asset investments are includ¢ at Qu￿¢nt value.
Trade debtors
Trade debtors are amounts due for servic¢s perforn]ed in the ordinary COUTse of business.
Fund structure
Unr¢stri¢t¢d income funds are general funds that are available foi use at the trustees discretion in furtherance of
the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for sp¢cifi¢ puryTr05es, the use of which
is restricted to that area or purpose.
Pagell

The Village Garden (Broughshane) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
3 Income from eharitable activities
Unrestrieted
funds
General
Restricted
funds
Total
2024
Total
2023
Donations
Donation from Broughshane &
District Community Association
Donation from Ballymena East
Rural Community Cluster
Energia Rathsherry Community
Benefit Fund
Deara Micro Grant
Rental Income
Other Encome
1,200
1,200
1,750
4.000
4,000
8,000
3,000
3,000
3,000
3,000
3,000
1,488
62,818
9,378
59,480
11,508
59,480
11,508
79,188
3,000
82.188
86,434
Page 12

The Village Garden (Broughshane) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
4 Expenditure on eharltable activities
Unrestricted
funds
General
Restrieted
funds
Total
2024
Total
2023
Salaries & staff pensions
Water Tates
LighL heat & power
Insurance
Repairs & maintenan¢¢
Telephone
Printin& stationery & advertising
Sundry expense5
Project costs
Bank charges
Loan interest
Accountancy
Depreciation of property
Depreciation of furniture &
equipm¢Dt
38,085
1,533
21,804
8,032
10,447
2,727
754
1,701
38,085
1,533
23,604
8,932
10,447
3,027
754
1,701
37,954
1.255
24,823
6,097
22,539
3,041
904
1,818
600
134
607
1,200
40,202
1,800
900
300
176
881
1,200
40,202
176
881
1,200
40,202
1,583
.583
1,945
129,125
3,000
132,125
143,119
5 Net incomingloutgoing resources
Net outgoing r¢50ur¢es for the year include:
2024
2023
Depreciation of fixed assets
41.785
42,147
Page 13

The Village Garden (Broughshane) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
6 Staff eosts
The monthly average number of persons (including senior management I leadership team) employed by the
charity during the year expressed as full time equivalents was as follows..
2024
2023
No. of employees
No employee received emoluments of more than £60,000 during the year.
7 Taxation
The Charity is a registered charity and is therefore exempt from taxation.
Page 14

The Village Garden (Broughshane) Ltd
Notes to the Financial Statements for the Year Ei nded 31 March 2024
8 Tangible fixed assets
Land and
bulldings
Furniture And
equipment
Motor vehicles
Total
Cost
At l April 2023
Net additions
1,005,061
133,768
500
10,475
1,149,304
500
At 31 March 2024
1,005,061
134,268
10,475
1,149,804
Depreeiation
At l April 2023
Charge for the year
438,886
40,202
128,004
1,566
10,405
17
577,295
41,785
At 31 March 2024
479,088
129,570
10,422
619,080
Net book value
At 31 March 2024
525,973
4,698
53
530,724
At 31 March 2023
566,175
5,764
70
572,009
9 Fixed asset investments
2024
2023
Investment properties
456,626
456.626
10 Debtors
2024
2023
Trade debtors
Prepayments
Other debtors
6,256
897
2,226
1,261
1.488
7,153
4,975
Page 15

The Village Garden (Broughshane) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
11 Creditors: amounts falling due within one year
2024
2023
Other loans
Other taxation and social security
VAT payable
Accrnals
74,667
1,884
4,984
6,270
78,087
1,959
6,675
4,466
91,187
87,805
12 Funds
Balance at
31 March
2024
Balance at I
April 2023
Incoming
resources
Resources
expended
Transfers
Unrestricted funds
General
General unrestricted fund
280,661
79,188
(129,125)
67,439
298,163
Restricted funds
Deferred grants fund
CFNI Department for
Communities
680,620
(67,439)
613,181
3,000
(3,000)
Total restricted funds
680,620
3,000
3,000)
(67,439)
613.181
Total funds
961,281
82.188
{132.125)
911,344
Page 16

The Village Garden (Broughshane) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
Balance at
31 March
2023
Balance at I
April 2022
Incoming
resources
Resourees
expended
Transfers
Unrestrieted funds
General
General unrestricted fi￿d
269,872
81,946
(138,631)
67,474
280,661
Restrieted
Deferred grants fund
DEARA Rural Micro
Capital Grant
Rathsherry Community
Benefit Fund
748,094
(67,474)
680,620
1,488
(1,488)
3.000
(3,000)
Total restricted funds
748,094
4,488
(4,488)
(67,474)
680,620
Total funds
1,017,966
86,434
(143,119)
961,281
13 Related party transactions
During the year the charity mad¢ the following related party transactions:
The Redmond Family
At the balance sheet date the amount due to The Redmond Family was £40,000 (2023 - £40,000).
Page 17