Charlty nllmber: XT26309 Conjpany Dumber: N161J4442 Ballyards Charitable Trust (A company Ilmited by guarantee) Directors, report and unaudited financial statements for the year ended 30 September 2021
BallyArds Charitable Trust (A company limited by guarantee) Contents Page Legal and administrative inforn)ation Truste¢5' r¢port Independent Exomin&s Report Statement of financial activities Statement of Financial Position Not¢s lo the fmancial statements 8-10
Ballyards Charitable Trnst (A company limited by guarantee) Legal and admfinistrative inforniation Charity number XT26309 Company registrAtIoll llumber Nt604442 Registered office IA Monaghan Street Milford Arniagh BT60 3NY Trustees Paul Paynter Norman Paynter Iris Paynier Brendatt Jones Independent Examiners Samuel David Brown FCCA S.D Brow & Company Carnegie Building 25-27 Edward Street Portadown Co Artnagh BT62 3NE Ballkers Danske Bank 78 Scoteh Street Arn]agh BT617DJ Page I
Ballyards Charitable Trust {A company limited by guarantee) Report of the trustees (incorporatAng the direetors, report) for the year ended 30 September 2021 The trustees present their report and the financial statements for the year ended 30 September 2021. The trustees who served during the year and up to the date of this report are set out on page l. Strueknre? governan¢e and management The company is constiÉued by it's Memorandum and Articles of Asso¢iation, and limited by Guarantee, having no Share CapitAI. Only per50n5 who subscribe io the object5 expressed in the Memordndum of Associaiion of the Company, and are appointed by the Executive Committee, or the company in a General Meeting ean be admitted as Trustees. RISKS The Executive con]¢¢ has conducted lis own review of th¢ major risks to which the company ig exp05¢d, and systems have been established to mitigate those risks. In order to minimize internal risks. and to ensure the eonsistent quality of delivery for all operational aspe¢ts of the cornpany procedures for authori2ation of all transaction5, and projects have been implemented. Objectives and activities Ballyards Charitable TLUSt was established to proclaim the Good news of the Kingdom of God and the name of Jesus Christ for the provision of people's spiritual, emotional and physical needs. This will be done by.. l) Advancing the Christian religion in whatever way possible. 2) Prornoting pers(trnal health and w¢ll-b¢ing for all. 3) Providing Pastoral care and counsellillig services to individuai5 and families in Deed of emotional and spiritual support. 4) Promoting the role of marriage and family life in society. 5) Working for the alleviation of povety in all its forms whether that 15 physical, e]notional, social or spititual poverty. 6} Carnpaigning against injustice. 7) Supporting practically and financially, organisation5 8nd individuals who have the above objectives. Aehievements and perfornlance During the year ended 30 Septernber 2021 th¢ property owTred by the ¢haritable ¢ompany was used under lease agretUt by another charity by th¢ name of Drop Inn Ministries. Drop Inn Ministries rnade donations for the upk¢ep and running costs of the property in accordance with th¢ l¢&se aeMent. Financial review The results of the company forthe year are detailed OA page5 5 to I l. Plans for future periods W¢ pray for the ¢ontiuued support of alL who in the past have donated their money and time to this ¢ompany. Funds held as custodian trustee on behalf of others No fvnds are held as Custodian on behalf of others. Statemellt As to disclosure of information to Independent Examiner In so fat a5 the trustees ar¢ aware.. there is no relevant accounts information of which the charitable companys independent examiner is unaware,. and the trustees hav¢ tak¢n all 5t¢Ps that they ought to have taken to make themselves aware of any relevant accounts information and to establish that the independent examiner is aware of that infornjation. Page 2
Ballyards Charitable Trnst (A company limited by guarantee) Report of the trnstees {incorporating the dire¢tors' report) for the year ended 30 September 2021 Statement of trustee5' responsibilitie5 The trustees (who are also dire¢tors of Ballyards Charitable Thtst for the purpose of company law) are responsible for preparing the Tn]ste¢s' Annual Report and the financial stsEements in arrordance with applicable law and United Kingdom Generally Accepted Acwunting Practice. Company law requires the trus&e% to prepare fmancial statements for each fllWLcial year which give a true and fair view of the state of affair5 of the cbaritable company and of the incoming resour¢es and application of resources, in¢ludillg th¢ income and expenditure, of the charitable ¢ompany foi that period. In preparing these fancial statements, the trustees are required to.. select Suitable COuntIng policies and then apply th¢m ¢onsislently' observe the methods and principle5 in the Charities SORP. n)ake judgements es1irnales that are reasonable and pr[en( state whether applicable UK Accounting Standards have been followed. subject to any rnaterial departures disclosed and explained in the fitkncial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to pr¢5Utne that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the fu)ancial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small company provtsiotts This report has been prepared in accordance with the provisions applicable to companies subject to the small companiES' regime. On behalf of the board Paul Paynter Dlrector Date: 8 November 2021 P4ge 3
Ballyards Charitable Trust (A company limited by guarantee) Independent examiner's report to th¢ trustees on the unaudited fanCial statements of Bally*rds Charitable Trust. I report on the accounts of Ballyards Charitable Tn]st ft)r the year ended 30 September 20215et out on pages 2 to 10. Respective responsibilities of trustees and independent examiner As Ihe charity 1n]stees (and also tbe directors of the company for the pwy)ses of ¢ompany law) you are responsible for the preparation of the accounts in accordance with the requirement5 of the Companies Act 2006. Having satisfEed myself that the charity is not subject to audit under company law. and is eligible for independent extmination, it is my responsibility to.. l) examine the accounts under section 65 of the Chariti¢s Act 2) follow the procedures laid down in the gen¢ral Directions given by the Charity Commission for Northern treland under seeuon 65(9)(b) of the Charities Act 3) State whether particular matters have Come lo my attention Basis of independent examiDer'8 Statement I have examined your charity accounts as required under section 65 of the Charities Act and my examination was ¢aTri¢d out in accordance with the g¢neral Directions given by the Clwity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination inelud¢d a review of the accounting records kept by the chariry and comparison of the accounts pres¢nted with those records. It also included consideration of any unusual items or di$¢losur¢5 in th¢ accounts and seeking explanations from you &$ charity trustees conceming su¢h Tnatters. My role is to state whether any nwtertal matters have come to my attention giving me cause to believe.. a) that accounting records were not kept in aeeord2nce with section 386 of the Companies Act 2006. b) that the accounts do not accord witb those accounting rOrdS c) that the accounts do not Comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of ihe Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ir¢land. d) that ther¢ is fi]rth¢r infomiation needed for a proper understanding of the accounts to be reached Independent examiner's statement I have ¢otnplet¢d my exatnination and have Do concerns in respect of the matters a) to d) listed above and in connection with following the Directions of the Charity Conllnission for Northern treland, I have found no Jnatters that requi drawing to your attention. IndepeDdent examlller Samuel David Bro F.C.C.A 25-27 Edward Street Portadow Co. Arn)agh B T62 3NE Date: 8 November 2021 Page 4
Ballyards Charitable Trust (A company limited by guarantee) Statement of fanCi¥ll activities (incorporating the income and expellditure account) For the year ended 30 September 2021 Unrestricted funds 2021 Totsl 2020 Totsl Notes Incoming resources Voluniary income unrestricted Offgem Nl RHI Receipts Other incoming resources 9,267 2.211 564 9,267 2,211 564 7,112 2211 564 Total in¢omiDg resources 12,042 12,042 9,887 Resources expended Establislunent costs Motor and VeIlIng expenses Accountancy fres Ot1 offic¢ expenses 13,137 13.137 11,080 50 498 217 511 344 511 344 TotAI resour¢es expended 13,992 13,992 11,845 Net iDcomingl(outgoing) resources for the year I Net illcomel(expellse) for the year (1,950) (1,950) (1,958) Totsl fund5 brought fonvard 408,689 408,689 406,843 Total funds carried fonward 406,739 406,739 404,885 The statement of fitwicial activities it)cludes all gains and losses in the year and therefore a separate statement of total reeognised gains and losses has not been prepared. All of the above amounts relate to continuing activities. The note5 on pages 8 ÉO 10 form an integral part of these fin*ncial statemen Page 5
Ballyards Charitable Trnst (A company limited by guarantee) Statement of Financial Position as at 30 September 2021 2021 2020 Notes Fixed assets Tangible assets Current gssets Cash at bank and in hattd 399,909 399,909 6,830 8,780 0,830 8,780 Net currellt assets 6,830 8,780 Net assets 406,739 408.689 Funds Unrestricted income funds 406,739 410.647 Total fullds 406,739 410.647 The Balance Sheet continues on the following page. The not¢$ on pages 8 to 10 form #n integral part of these financial statemettts. Page 6
Ballyards Charitable Trust (A eompany limited by guarantee) Statement of Financial Position (continu¢d) Trustees statements required by the Companies Aet 2006 for the yr ended 30 September 2021 In approving these financial ststements &$ trustees of comp2ny we heT¢by confirm.. (a) that for the year $taied above the company was entitled to the exemption conferred by section 477 of the Companies Act 2006 ' (b) that no notice has been deposited at the registered offi¢¢ of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 30 S¢pl¢mb¢r 2021. (c) the dire¢tors acknowledge their responsibilities for compying with the requtrernents of the Act with respect to accounting records and the PTeparation of accounts. (d} these aceounts have been prepared in accordanee with the provisions applicable to companies subject to the small companies, regime. The fmancial stat¢m¢nts w¢re approved by the board on 8 Novemb¢r 2021 and signed OTh Ats behalf by Paul Paynter Director The notes on pages 8 to 10 form gn integral part of these fw#D¢ial statements. Page 7
Baltyard8 Charitable Trust (A eompany limited by guarantee) Note5 to fanCIal statements or the ye&r ended 30 September 2021 Ac¢ountlng polieies The principal accounting policies are sumrISed b¢low. The a¢¢ounting policies have been applied ¢on5iSt¢nt]y throughout the year and the preceding year. 1.1. Basss of accounting The financial statement5 have been prepared in a¢¢ord8n¢e with Accounting and Reporting by Charities.. Stat¢m¢n¢ of Recommended Practice applicable to charities preparing their accounts in accordance with the Finan¢ial Reporting Standard Applicabl¢ in the UK and Republic of Ireland (FRS 102) (effective l January 2015)- (Charities SORP (FRS 102). the Financial Reporting Standard applicable in the UK and Republic of eland IFRS 102) and tbe Companies Act 2006. Ballydrds Clwitable Trust Tneets the definition of a public benefit entity under FRS102. A$sets and Liabilities are initially recognised at historical cost or transaction value wiless othe1$¢ stated in the relevant accounting 1.2. Cashflow The charity has taken advantage of the exemption in Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102)(effective l January 2015) - (Charities SORP (FRS102)). from the requirement to produ¢¢ & ¢a5h flow stalement on the OUndS it is a small ch8ritable ¢harity. 1.3. Fund accounting General fvnds are unrestricted funds which are available for use at the discretion of the trustees in filltherance of the general objectives of the charity and which have not been designated for other Purposes. 1.4. IDcoming resourees All incoming resources aTe included in ihe statement of finan¢ial activities when the chatity is entitled to the income and the #tllounl can be quantified with reasonable accuracy. The following specific policie5 are applied to particular categories of income: Voluntary income is received by way of gr2nts. donation5 and gifts and is itlcluded in fidl in the statement of financial activities when receivable. Grant5 where entitlernent is not conditional on the delivery of a specific perfom)ance by the charity, are recOlised when the charity be£omes UDconditioDally enlitled to the grant. DotRted seryic¢s and facilities are included at the value to the clwity where this call be quantifi¢d. Th¢ value of s¢ryices provided by volunteers has notbeen included. Gifts donated for resale ar¢ in¢luded as incoming resources within acuvities for generating fiwds when they sold. Grants, including grants for the purchase of fixed assets, are recognised in 11 in the stateEnt of fEnancial activities itt the year in which they are receile. Resources expended Expenditure 1$ r¢¢ognised on Rn accrual b&%is &$ a liability is incurred. Expenditure includes any VAT which cannot be fLY recov¢reKL and is reported as part of th¢ ¢XP¢Dditur¢ to whi¢h ti relates. Charitabl¢ ¢xp¢nditure comprises those ¢osts incurred by the charity in the delivery of its activitie5 and services for its b¢nefi¢iaries. It includes both costs that can be allocated directly to sueh activiiies and those costs of an indirect nature necessary io support them. Page 8
Ballyards Charitable Trust (A company limited by guarantee) Note5 to financial statements for the year ended 30 SepteRnber 2021 1.6. Tangible rued assets And depreciation The cost of fixed assets is their purchase cost, together with any incidental c95ts of acquisition. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected usefijl life, follows: Land and buildings No depreciation Ills been charged on Land and Building5. Land and Buildings have been reported at mgTket value. Ineoming resources from charitable activities 2021 Total 2020 Totsl Grants 2,211 2,211 2,211 2211 Other illcomiug re50llrces 2021 Total 2112 Total Conacre 564 564 564 Employees Employment costs No salarie5 or wages have been paid to employees, including the trnstees, duringih¢ year. Taxation The charity's activitÉes fall within the exemptions alTorded by the provisions of the Income and Corporation Taxe5 Act 1988. Accordingly, there is no taxation charge in th¢s¢ accounts. Pag¢ 9
Baltyards Charitable Trust (A company limited by guarantee) Notes to finallcial statements for the year ended 30 September 2021 Land aDd bulldings fTeehold Tanglble fixed assets Totsl Cost At 30 scember 2021 399,909 399,909 Net book values At 30 SepÉemb¢r 2021 399.909 399,909 At 30 September 2020 399,909 399,909 Anatys18 of net assets between funds Unrestricted funds Total funds Fund balances at 30 September 2021 as representrd by: Tangible fixed assets Current assets 399,909 6,830 399,909 6,830 406,739 406,739 Capitol commltmellts The company had no capital commi1metts atthe balance Sheet date Related party trallsactions Th¢re were no related paty transaction in the year. io. Controlling interest Th¢ controlling paty of the company is con5ideredto be the Board of TNstees. ii. Company limited by guarantee Ballyards Charitable Trust is a company limited by guarantee and accordingly does not have 4 share capital. Every memiw of the company und¢rtakes to contribute such amount as way Ix required not exceeding £1 to the assets of the charitable company in th¢ ¢Yent of its being wound up whRle b¢ or sh¢ is a member, or within on¢ year after h¢ or she ceases to be a rnernb¢i. Page 10
Ballyards Charitable Trust (A company limited by guarantee) The followimg pages do not forni part of the statutory aeeounts.
Ballyards CharitabIe Trnst (A compAny limited by guarantee) D¢tail¢d statement of fmancial activities For the year ended 30 September 2021 20J8 2017 Ineomlllg resourees Ineoming resources from generating funds: VolunÉL7ry income unreslrEcled Contribution to overheads 9,267 7,112 9.267 7,112 Tolal incoming resources from generating funds 9,267 7,112 In¢oJDlng resources from eharitable activities Grants 2,211 2,211 2,211 2,211 Other iDcoming resources Conacre 564 564 564 Totsl ineoming resources 12,042 9,887 Resources expended Costs of generating funds: Cost ofgenerating voluntary income Donations- Establishment- Light & heat Donations- Estsblishment- Repairs & maintenance Donations- Establishment- Insuranee Donations- Other motor & travel costs Donations- Professional - Accountancy fees Donations~ Office- General ExpeDses Donations- Bank Fees 8,897 9,741 1.339 4.240 50 498 60 157 511 180 152 13,980 11,845 Total Cost of generating voluntary Income 13,980 11,845 Total Costs of generating funds Charitable activitles 13.980 11,845 Net In¢omlngl(outgoing) resourees for the year (1,938) (1,958) Page 12
Ballyards Charitable Trust (A company limited by guar8lltee) Detailed statement of financial activities For the year ended 30 September 2021 2021 2020 Ch#ritsble activities Governance costs Office expeDses- Other 12 Total governallce Costs 12 Net incomingl(outgoillg) resources for the year (1.950) (1,958) Page 13