Cbarity Dumb¢r: XT26309 Company number: N1604442 Ballyards Charitable Trust (A company lilted by guarantee) Directors, report and unaudited financial statements for the year ended 30 September 2021
BallyY4rds Charitable Trust (A company limited by guarantee) Contents Page Legal and athinistrative infonnation T17e$, report Independent ExaTninerfs Report Statement of fjnancial a¢tivities Statement of Financial Position Notes to the fol¢la1 statements 8-10
Ballyards Charitable Trnst (A company limited by guarantee) Legal and administrative Allforniation CbArity number XT26309 Company regisÉratlon number N1004442 Registered office IA Monaghan Street Milford Arniagh BT60 3NY Trnstees Paul Paynter Nonnan Paynter IT15 Paynter Brendan Jone5 Independent Examiners Samuel David Brown FCCA S.D Brown & Company Carnegie Building 25-27 Edward Street Portadown Co Arniagh BT62 3NE Bankers Danske Bank 78 Scotch Street Armagh BT617DJ Page I
Baltyards Charitable Trust (A eompally limited by guarantee) Report of the trustee5 (incorporating the directors, report) for the year ended 30 September 2021 The trustees present their report and the financial statements for the year ended 30 September 2021. The tru5tr¢5 who served during the y¢ar and up to the d¢ of tbis report are set out on page l. Structsrey governAnee and management The company is constÉtued by it's MemorJndum and Articles of A$slatiOn, and limited by Guaranttt. having no Share Capital. Only persons who SUbribe to the obj¢¢ls expressed in the Memorandum of Association of the Comp8ny, and are appointsd by the Executive Committee, or the company in a General Meeting can be admitted as Ttees. RISKS Th¢ Executive Cornmittee has condu¢ted its own review of the major risks to which th¢ company is exposed, and systems have been established to mitigate those risks. lry order to minitllize int¢rnaS risks, and to ensure the ¢onsistent quality of delivery for all operational aspects of the company procedures for authorization of all transactions. and projects have been implemented. Objectives and activities Ballyards Charitable Trnst W85 established to proclaim the Good news of the Kingdom of God and the name of Je$u5 Christ foT ihe provision of people's spiritual. emotional and physical needs. Thig will be done by: l) Advancing the Chrsstian religion in whatever way possible. 2) Prornoting personal health and well-being for all. 3) Providing Pastoral care and counsellinig services to individuals and faTnili¢s ID need of emotional and spiritual supporL 4) Protnoting th¢ role of marriage and family life in society. 5) Working for the alleviation of povety ID all its fornL8 whether that is physical, emtstional, social or spitial p)verty. 6) Campaigning against inju*i¢e. 7) Supporting Prnctically and finaneially, organisations and individuals who have the above objectives. Acbievernents and performallee During the year ettded 30 Septernber 2021 the property owned by the charitable Company was used uDder lease at¢ent by another charity by the name of Drop Inn Ministries. Drop Inn Ministries made donation5 for the upkeep and running costs of the prop¢rty itL accordanc¢ with the lease agreemenL Flnancial revlew The results of the COSDpany for tbe year are detailed on pages 5 to I l. Plans for fure periods We prdy for the continued support of all. who in the past hav¢ donated their money and time to this company. Funds held as custodian trustee on behalf of others No ndS are held Ls Custodian on behalf of others. Ststement as to disclosure of iDformatioD to Independent Examiner In so far as the trustees are aware.. there is no relevant a¢counts infomiation of whi¢h the charitable company's iDd¢pendent examiner is unaware. and the truste¢s have tsken all steps that they ought to have takeD tg roake themselves aware of any relevant Counts infomiation 8md to establish that the independellt examiner is aware of that information. Page 2
Ballyards Charitable Trust (A eompany limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 30 September 2021 Sta*ement of trustees, responsibi11lies The tnjsiees (who are also directors of Ballyards Charitable Tnjst for the purpose of ¢05npauy law) are responsible for preparing the Tn15tee$' Armual Report aDd the f]DaTLcial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the tr$tee$ to prepare fjnancial statrments br each fjnan¢ial year which give a tNe and fair view of the state of affairs of the charitable eompany 2nd of the incoming resource5 and application of resources, including the ineome and expendifftjre, of the charitable company for that period. tn preparing these fInan¢ial 5tat¢Jnents, the trustees are required to: select suitable accounting policies and then apply them con51Stently- observe the methods and principles in the Chariiies SORP. make judgemenL8 and estimates that are reasonable and prndent. state whether applicable UK Accounting Standards have been followed, subject to any material d¢parture5 disclosed and explained in the fllwicial statements. and prepare the r]nan¢ial statements on the going con¢¢m basis unless it is inappropriate io pr¢sume tbat the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the fllkancial position of the charity and whith enable thern to ¢nsure that the financial statements comply with the Companie5 Act 2006. They are also responsible for sateguarding the assets of the charity and hon¢¢ for taking T¢onable steps for the pr¢v¢ntion and detection of fraud alld olher irregulariti¢s. Small company provisions Thi5 report has been prepared in accordance with the pmvisions applicable to ¢omp8nies subject to the small companie5, regime. On behalf of the board Paul Paynter Dlrector Date.. 8 November 2021 Page 3
Ballyydrds Charitable Trust (A company limited by guarantee) Independent examiner's report to the trustees on the unaudited financial statements of Ballyards Charitabl¢ TrusL I report on the accounts of Ballyards Charitable Trust for the year ended 30 September 2021 set out on page5 2 to 10. Respective responslbllitiu of Irustees and illdepettdent examiner As the Charity trustees (and also the directors of the company forthe purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having sati5fi¢d myself that the charity is not subject to audit under company law, and is eligible for tndependent examination, it is my responsibilÈty to.. l) examine the accounts under section 65 of tbe Charities Act 2) follow the procedures laid dowi) in ihe general Directions given by the Charity Commission for Northern Iland under section 65{9)(b) of the Charities Act 3) Stale Whet1 particular matters have wme to my attention Basis of illdependeDt examlner's statement I hav¢ examined your Charity accounts as required under section 65 of the Charities Aet and my examination was cattied out in accordanc¢ with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a eomparison of the accounts presented with those record5. It also included considerdtion of any uttu$ual item5 or disc105ures in th¢ aw)unts and seeking explanations from you as charity trustees concerning sueh matters. My role is to slate whether any material matters have come to my attention giving me caus¢ to believe.. a) that accounting records were not kept in accordamce with section 386 of the Companies Act 2006. b) that the accounts do not accord with those accounting record5 e) that the accollnts do not comply with the accounting requirements of seclioTh 396 of the Companies Act 2006 otjd with the methods and principles of the Charities Statement of Recommended Practice applicable to charities pr¢wing thetr accounts in a¢cordance with the Fitianrial Reporting Stalldord applicable in the UK and Republic of Ireland. d) Ihat there is inforniation lleeded for aproper understanding of the accounts to be rea¢hed Independent examiner's statement E have completed my examination and have no concerns in respect of the matters a) to d) listed above and in Connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Illdependellt examiner Samuel David Brown F.C.CA 25-27 Edward Street Ponadown Co. Armagh B T62 3NE Date.. 8 November 2021 Page 4
Baltyard$ ChY4ritable Trnst (A Company limited by guarantee) Statemellt of financial activities (incoryorAting the ineome and expenditure account) For the year ended 30 September 2021 Unrestricted fund$ 2021 Total 2020 Totsl Notes IncomÈng resources Voluntary income unrestricted Offgem Nl RHI Receipts Other tncoming resources 9,267 2,211 564 9,267 2,211 564 7,112 2211 564 Totsl incoming resources 12,042 12,042 9,887 Resources expeDded Establishment COSES Motor and trav¢115ng expenses Accountancy fees Other offic¢ expenses Total resources expended 13,137 13,137 11,080 50 498 217 511 344 344 13,992 13,992 11,845 Net incomiDgl(outgoing) resources for the year I Net incomel(expense} for the year (1,950) (1,950) (1,958) Total fjmds brought fotward Total funds earned forward 408,689 408.689 406,843 406,739 406,739 404,885 The statement of fmancial a¢tivities includes all gains and 105ses in the year and therefore a separate statement of toiaI regniSed gains aDd losses has not been prepared. All of the above amounts relate to continuing attivities. The notes on pages 8 to 10 form an integral part of these fjnancial statements. Page S
Ballyards Cbaritable Trust (A ¢ompany limited by guarantee) Statement of Financial Position as Ydt 30 Sept¢mber 2021 2021 20211 Notes Fixed assets Tangible a$5ets Current assets Cash at bank and in hand 399,909 399,909 6,830 8.780 6,830 8.780 Net current assets 6,830 8,780 Net assets 406,739 408.689 Funds Unrestricted income fimds 406,739 410,647 Total fuDds 406,739 410.647 The Balance Sheet continues on the following page. The tsot¢s on pages 8 to 10 forni integr41 part of these finallclal staternents. Page 6
Ballyards Charitable Trust (A company ]imited by guarantee) Statement of Financial Position (continu¢d) Trnstee5 Statements required by the Companies Act 2006 for the year ended 30 September 2021 tn approving these financial statements as bwtees of the company we hereby confum.. (a) that for the year stated above the company wa5 entitled to the exemption conferred by section 477 of the Companies Act 2006 ' (b) that nts notice h&$ be¢n deposited at the regist¢red office of the company pursuant to section 476 of the Companies Act 2006 reque5tiDg that an audit be conducted for the year end¢d 30 September 2021. (c) the directors acknowledge their respollsibilities for compying with the requirements of the Act with respect to accounting records and the preparation of accounts. (d) these accounts have been prepared in accordan¢e with the provision$ applicable to compatti¢s subject to the small companies, regime. The financial statements were approved by ihe b(>ard on 8 November2021 and signed on its behalf by Pavl PxyDter Director The Dotes on pages 8 to IO form an IntegrAI part of tbese financial ststements. Page 7
Baltyards Charitable Trnst (A company limited by guar2nte¢) Notes to fancial statements for the y¢ar ended 30 September 2021 Accountitig policies The principal accountitig policies are sumnwised below. The accounting policies have been applied consistenl]y througbout the year and the preceding year. 1.1. Basis of acwuntlng The fujancial ststem¢nts have been prepared in accordance with Accounting and Reporting by Chariti. Statement of Re¢ommended Practice applicable EO ¢harities preparing th¢ir accounts in accordance with the Financial Reporttng Sthndard Applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015)- (Charities SORP (FRS 102), the Financial Reporting Stsndard applicable in the UK aDd Republic of treland (FRS 102) and the Compani¢s Act 2006. Ballyard5 Chilable Trust meets the definition of a public benefrt entity under FRS102. Assets and Liabilities are iniÉially recognised at historical cost or transaction Value unless otherwise stated in the releyant accounting ia. Cashflow The chlty has taken advantsge of the ex¢mption in Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)(eff¢ctive l January 2015) - (Charities SORP (FRS102)). from the requirement to PToduce a cash flow statem¢nt on the OUndS that 1¢ is a small charitsble charity. 1.3. Fund 4ccountiug General ndS are unrestrict¢d fun(Ls which are available for use at the discretion of the trnsttts in fitrth¢Tance of the general objectives of the charity and which have not b¢en desIated for other puTros¢s. 1.4. Ineoming resomrces All incoming resources are included in the statement of flljancial activities when the charity is entitled to the incon)e and the amount can be quantified wth reasonable accurdcy. The followtng specific policies are applied to particular categoTies of income: Voluntary income is received by way of grants. donations and gifts aDd is included in full in the ststement of f]nallcial activities when receivable. Grants where entill¢ment is llot conditional on the delivery of a specifi¢ perfonnance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated Services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Gifts donaied for resale are included a5 incoming resource5 within aetivitie5 for generating fimdg when they are sold. Grant4 including grants for the purchase of f]xed assets, are recognised in full in the ststement of fjnancial activities in th¢ year in which they are receivable. 1.5. Resourees expended Expenditure is recogni5ed on an ac£nl basis as a liability is incurred. Expeuditure in¢lud¢5 any VAT which ¢annot be fully recovered, and is report¢d as part of the expenditure to which it relates. Charitable expenditure comprises those costs ittcllrred by the Charity in the delivery of ils activities and services for it5 benefieiaries. It includes both costs that can be allo¢ated directly to such activities and those costs of an indirect nattwe necessary to support them. P4ge 8
Baltyards CharRt&ble Trust (A eompany limited by guarantee) Note$ to financial statements for the year ended 30 September 2021 1.6. Tangible fjxed assets and depreciation The cost of fixed assets is their purchase cosL together with any incidental costs of acquisition. Depreciation is provided at rates calculated to Myite off the c05t less residual Value of each a55et over its expected US¢fi lifr. a5 follows.. Land and buildings No depre¢iation has been charged on Land and Buildings. ialld and Buildings have been rerted at market value. Incoming Tesources from charitsble activities 2021 Total 2020 Totsl Grants 2211 2,211 2,211 2,211 Other fineoming resourees 2021 Total 2020 Totsl Conacre 564 564 564 564 Employee5 Employment cosls No salaries or wages have been paid to employees, including the tntstees, during the year. Taxation The chariws activities Fdll within the exemption5 afforded by the provisions of the Incojne aT)d Corporation Taxes Act 1988. Ac¢ordingly, there is no tsxatioÉJ charge in these accounts. Page 9
Ballyards Charitable Trust (A company limited by guarantee) Notes to financial statement5 for the year ended 30 September 2021 Land and buildings frtthold Tangible fjxed assets Totsl Cost At 30 September 2021 399,909 399.909 Net book values At 30 S¢ptember 2021 399,909 399,909 At 30 September 2020 399,909 399,909 ADAlysis of Det assets between funds Unre$trict¢d funds Total funds Fund balances at 30 September 2021 a8 repr¢s¢nted by.. Tangible fixed assets Current assets 399,909 6,830 399,909 6,830 406,739 406,739 Capital ¢ommitment$ The ¢ompany had no capital cornrnitments at the balance sheet dale Related party transactions There were no related party transaction in the year. io. Controlling interest The controlling paty of the eompany is considered to be the Board of Tntees. ii. Company lfimited by guarantee Ballyards Charitable Ttwt is a company limit¢d by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be requiT¢d not exceeding £1 to the assels of the cFwitable company in the event of its being wound up while he OT she is a member. or within one yw after he or she ceases to be a Meber. PaE¢ KO
Ballyards Charitable Trust (A company limited by guarautee) The following pages do not forni part of tho stvétutory accounts.
Baltyards Charitable Trust (A eompany li]nited by guarantee) Detailed statement of financial activitie5 For the year end¢d 30 September 2021 2018 2017 In¢omlDg r&8ources Incoming resources from generating funds: Voluntary income unreslricled Contribution w ov¢rhead5 9,267 7,112 9,267 7,112 Totsl illcoming resourees from gellerating fullds 9,267 7,112 Ineorning resources from charitable activltl GTants 2.211 2,211 2,211 2,211 Otber ineomittg roUrCeS Cona¢re 564 564 564 564 Total Ineoming resourees 12,042 9,887 Resour¢e8 expended Costs of generating funds: Cost of generating volulltxry income DO1101?5 Donations- E5tablishm¢nt- Light & heat Donations- E5tablishment- Repairs & maintenance Donations- Establishment- Insurdnce D(Trnations- Other motor & travel costs Donations- Professional- A¢¢ountancy fees Donations- Office- General Exp¢us¢s D(Trnations- Bank Fees 8,897 9,741 1,339 4,240 50 498 60 157 511 180 152 13,980 11,845 Totsl ¢ost of generAling voluntary iD¢ome Total costs ofgeDeratlng funds Charltsble aetivitie5 13,980 11,845 13,980 11,845 Net incomingl(outgoing) resources for the year (1.938) (1,958) Page 12
Baltyards CbariÉable Trust (A company limited by guarantee) Detailed statement of financial activities For the year ended 30 September 2021 2021 2020 Charitsble activities GovernAnee costs oirice expenses- Other 12 Total govern*nee costs 12 Net ineorniDgl(outgoing) resources for the year (1,950) (1,958) Page 13