Charity number: XT26309 Compally number: N1604442 Ballyards Charitable Trust {A eompany limited by guarantee) Directors, report and unaudited fmaDcial statements for the year ended 30 September 2023
BalIyards Charitable Trust (A company limited by guarantee) Contents Page Legal and administrative infornlation Trustees, report Independent Examinevs Report Statement of financial activities Statement of Financial Position Notes to the financial statements 8-10
BalIyards Charitable Trust (A company limited by guarantee) Legal and administrative inforniation Cbarity number XT26309 Company registrntion number N1604442 Registered office IA Monaghan Street Milford Arn]agh BT60 3NY Trustees Paul Paynter Nomjan Paynter (Resigned 18 July 2023) Iris Paynier Brendan Jone5 Independent Examiners Samuel David Brovm FCCA S.D Brown & Company Carnegie Building 25-27 Edward Street Portadown Co Arnlagh BT62 3NE Bankers Danske Bank 78 Scotch Street Annagh BT617DJ Page I
Ballyards Charitable Trust (A company limited by guarantee) Report of the trustees (incorporating tbe directors, report) for the year ended 30 September 2023 The trustees present their report and the financial statements for the year ended 30 September 2023. The ttleeS who served during the year and up to the date of this report are set out on page l. Structure? governance and management The company is Constied by it's Memorandum and Articles of Association, and limited by Guarantee, having no Share Capital. Only persons who subscril)e to the objects expressed in the Memorandum of Association of the Company, and are appointed by the Executive Committee, or the company in a Generdl Meeting can be admitted &s Truste¢s. RISKS The Executive Committee has conducted its own review of the major risks to which the company is exposed, and systems have been established to mitigate those risks. In order to minimize internal risks, and to ensure the consistent quality of delivery for all operational aspects of the cotnpany procedures for authorization of all transactions, and projects have been implemented. Objectives and activities Ballyards Charitable Trust was established to proclaim the Good news of the Kingdom of God and the name of Jesus Christ foT the provision of people's spirial, emotional and physical needs. Thi5 will be done by: l) Advancing the Christian religion in whatever way possible. 2} Promoting personal healtb and well-being for 1. 3) Providing Pastoral care and counsellinig services to individuals and families in need of emotional and spiritual support. 4) Promoting the role of n]arriage and family life in society. 5) Working for the alleviation of povety in all its fornis whether that is physical, emotional, social or spititual poverty. 6) Campaigning against injustice. 7) Supporting practically and financially, organisations and individuals who have the above objectives. Achievements and perforn]ance DuTing the year ended 30 September 2022 tbe propety owned by the charitable company was used under lease agreement by another charity by the name of Drop Inn Ministries. Drop Inn Ministries made donations for the upkeep and running costs of the propety in accordance with the le&se agreement. Financial review The results of the company for tbe year are detailed on pages 5 to I l. Plans for future periods We pray for the continued support of all. who in the past have donated their money and time to this company. Funds held as custodian trustee on behalf of others No funds are held as Custodian on behalf of others. Statement as to disclosure of inforniation to Independent Examiner In so far as the trustees are aware: there is no relevant accounts information of which the Charitable companYs independent examiner is unaware; and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant accounts inforniation and to establish that the independent examiner is aware of that infornlation. Page 2
Ballyards Charitable Trust (A conlpany limited by guarantee) Report of tbe trustees (incorporating the directors, report) for the year ended 30 September 2023 Statement of trustees, responsibilities The trustees (who are also directors of BalEyards Charitable Trust for the PUTpose of company law) are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Generdlly Accepted Accounting Prnctice. Company law requires the trustees to prepare financial statements for each financial year which give a and fair view of tbe state of affairs of the charitable company and of the incoming resources and application of resources, including the incotlle and expenditure, of the charitsble company for that period. In preparing these financial statements, the trustees are requir¢d to: select suitsble accounting policies and then apply them consistently" observe the methods and principles in the Charities SOIiP' make judgements and estimates that are reasonable and prudent" state whether applicable UK Accounting Standards have been followed subject to any material departures disclosed and explained in the financial statements. and prepare Éhe financial statements on the going concern basis unless it is inappropriate to presume 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 fmancial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the &ssets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small company provisions This report has been prepaTrd in accordance with the provisions applicable to companies subject to the small companies, regitne. On behalf of the board Paul Paynter Director Date.. 3 June 2024 Page 3
BalIyards Charitable Trust (A company limited by guarantee) Independent examiner's report to the trustees on the unaudited finallcial statements of Ballyards Charitable Trust. I report on the accounts of Ballyards Charitable Trust for the year ended 30 September 2023 set out on pages 2 to 10. Respective responsibilities of trustees and independent examiner As the charity trustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to: l) examine the accounts under section 65 of the Charities Act 2) follow the procedures laid down in the general Directions given by the Charity Commission for Northern treland under section 65(9)(b) of the Charities Act 3) state whether particular matters have come to my attention Basis of independent examiner's statement I have examined your charity accounts &s required under section 65 of the Charities Act and my examination was carried out in accordance with the general Direction5 given by the Charity Commission ft)r Northern Ireland under section 65(9Xb) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the a¢¢ounts and seeking explanatiolls from you as charity trustees concerning such matters. My role is to state whether any material matters have come to my attention oiving me cause to believe: a) that accounting records were not kept in accordance with section 386 of the Companies Act 2006. b) that the accounts do not accord with those accounting records 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 the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporttng Standard applicable in the UK and Republic of Ireland. d) that there is fiwther inforniation needed for a proper understanding of the accounts to be reached Independent examiner's statement I have completed my examination and have Do concerns in respect of the matters a) to d) listed above and in connection with following the Directions of the Charity Commission for Northern Irelan(L I have found no matters that Tequire drawing to your attention. Independent examiner Samuel David Brovm F.C.C.A 25-27 Edward Street PortadoMTA Co. Arn]agh BT62 3NE Date: 3 June 2024 Page 4
Ballyards Charitable Trust (A company limited by guarantee) Statement of financial activities (incorporating the income and expendithre account) For the year ended 30 September 2023 UnrtrIcted funds 2023 Total 2022 Total Notes Incoming resources Voluntary income unrestricted Offgem NI RHI Receipts Other incoming resources 9.809 2.311 564 9,809 2,311 564 11,807 2,211 Total incoming resources 12,684 12,684 14,018 Resources expended Establishment costs Motor and travelling expenses Accountancy fees Other office expenses 12,019 123 534 363 12,019 123 534 363 11,806 72 511 382 Total resourees expended 13,039 13,039 J2,771 Net incomiDg/(outgoing) resources for the year I Net incomel(expense) for the year (355) (355) 1,247 Total funds brought forward 407,986 407,986 406,739 Total funds carried forward 407,631 407,631 407,986 The ststement of fmancial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities. The notes on pages 8 to 10 form an integral part of these financial statements. P2ge 5
Ballyards Charitable Trust (A company limited by guarantee) Statement of Financial Position as at 30 September 2023 2023 2022 Notes Fixed assets Tangible assets Cllrrent assets Cash at bank and in hand 399.909 399,909 7,722 8,077 7,722 8,077 Net current assets 7,722 8,077 Net assets 407,631 407,986 Funds Unrestricted income funds 407,631 407,986 Total funds 407,631 407,986 The Balance Sheet continues on the following page. The note5 on pages 8 to 10 form an integrdl part of these financial statements. Page 6
Ballyards Charitable Trust (A company limited by guarantee) Statement of Financial Position (Continued) Trnstees statements required by the Companies Act 2006 for the year ended 30 September 2023 In approving these financial ststements as trustees of the company we bereby confirni: (a) that for the year stated above the company wds entitled to the exemption conferred by section 477 of the Companies Act 2006 . (b) that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 30 September 2023. (c) the directors acknowledge their responsibilities 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 accordance with the provisions applicable to companies subject to the small companies, regime. The financial statements were approved by the board on 3 June 2024 and signed on its behalf by Paul Paynter Director The notes on pages 8 to 10 fonn an integral part of these financial ststements. Page 7
Ballyards Charitable Trust (A company limited by guarantee) Notes to fanCIal statements for the year ended 30 September 2023 Accounting polieies The principal accounting policies are SumMed below. The accounting policies have been applied consistently throughout the year and the preceding year. 1.1. Basis of accounting The fmancial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015)- (Charities SORP (FRS 102). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Ballyards Charitable Trust meets the definition of a public benefit entity under FRS102. Assets and Liabilitie5 are initially reCOlSed at historical cost or transaction value unless otherwise stated in the relevant accounting 1.2. Cashflow Tbe charity has taken advantage of the exemption in Financial Reporting Standard applicable in the UK and Republic of Ireland (FRSI 02)(effective l January 2015) - (Charities SORP (FRS102)), from the requirement to produce a cash flow statement on the grounds that it is a small charitable charity. 1.3. Fund accounting General funds are unrestricted funds which are available for use at the discretion of the tsustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Incoming resources All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with re&sonable accuracy. The following specific policies are applied to particular categories of income: Voluntary income is received by way of grants, donatioDS aDd gifts and is included in full in the statement of fmancial activities when receÉvable. Grants where entitlement is not conditional on the delivery of a specific performance 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 donated for resale are included as iDcoming resources within activities for generating funds when they are sold. Grdnts, including grdnts for the purchase of fixed assets, are recognised in fvll in the statement of financial activities in the year in which they are receivable. 1.5. Resources expended Expend1tLe is recognised on an aCcnl basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Charitable expenditure comprises those costs incutred 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 activities and those costs of an indirect nature necessary to support them. Page 8
Ballyards Charitable Trnst (A company limited by guarantee) Notes to financial statements for the year ended 30 September 2023 1.6. Tangible fixed assets and depreciation The cost of fixed assets is their purchase cosL together with any incidental costs of acquisition. Depreciation is provided at Tates calculated to write off the cost less residual value of each asset over its expected usefill life, as follows: Land and buiIdings No depreciation has been charged on Land and Buildings. Land and Buildings have been reported at marf(et value. Incoming resources from charitable aetiVAties 2023 Total 2022 Total Grants 2,311 2,211 2,311 2,211 Other incoDiing resources 2023 Total 2022 Total Cona¢ 564 564 Employees Employment costs No salaries or wages have been paid to employees, including the trustees, during the year. Taxation The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts. Page 9
Ballyards Charitable Trust (A company limited by guarantee) Notes to fmancial statements for the year ended 30 September 2023 Land and buildings freehold Tangible red assets Total Cost At 30 September 2023 399,909 399,909 Net book values At 30 September 2023 399,909 399,909 At 30 September 2022 399,909 399,909 Analysis of Det assets between fuDds Unrestricted funds Total fllnds Fund balances at 30 Septemlxr 2023 as represented by: Tangible fixed assets cllent assets 399,909 7,722 399,909 7,722 407,631 407,631 Capital commitments The company had no capital commithlents at the Balance Sheet date. Related party transactions TheTe were no related paty transactions in the year. 10. Controlling interest The controlling party of the company is considered to be the Board of Tntee5. ii. Company limited by guarantee Ballyards Charitable Trust is a company limited by guarantee and accordingly does not have a share capitsl. Every member of the company undertakes to contribute sucb amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. Page 10
Ballyards Charitable Trust (A company limited by guarantee) The following pages do not forni part of the statutory accounts.
Ballyards Charitable Trust (A company limited by guarantee) Detailed statement of financial activities For the year ended 30 September 2023 2018 2017 Incoming resources Incoming resources from generating funds: Voluntary income unrtriCted Contribution to overheads 9,809 11,807 9,809 11,807 Total incoming resources from generating funds 9,809 11,807 Incoming resources from charitable activities Grants 2,311 2,211 2,311 2,211 Other incoming resources Conacre 564 564 Total incoming resourees 12,684 14,018 Resources expended Costs of generating funds: Cost of generating voluntary income Donatio Donations - Establishment- Light & heat Donations - Establishment- Insurance Donation5 - Other motor & travel costs Donations- Profe55ional - Accountancy fees Donations - Office - General Expenses Donations- Bank Fees 9,475 2,544 123 534 179 9,427 2,379 72 511 199 183 13,039 12,771 Total cost of generating voluntary income Total costs of generatlllg funds Charitable activities 13,039 12,771 13,039 12,771 Net incomingl(outgoing) resources for the year (355) 1,247 Page 12
Ballyards Charitable Trust (A company limited by guarantee) Detailed statement of financial activities For the year ended 30 September 2023 2023 2022 Charitable activities Governance costs Office expenses - Other Net incomingl(outgoing) resources for the year (355) 1,247 Page 13