Chvdrity number: XT26309 Company number: N1604442 Ballyards Charitable Trust (A COD]paDy IiD]ited by guarantee) Directors, report and unaudited financial statements for the year ended 30 September 2024
Ballyards Charitable Trllst (A company limited by guarantee) Contents Page Legal and athninistrative inforniation Trustees, report Independent Examiner's Report Statement of financial activities Statement of Financial Position Notes to the financial statements 8-10
Ballyards Charitable Trnst (A company limited by guarantee) Legal and administrative inforniatioll Charity number xr26309 Company registration number NK604442 Registered office IA Monaghan Street Milford Arngh BT60 3NY Trustees Paul Paynter Iris Paynter Brendan Jones (Resigned 12 February 2024) Independent Examiners Samuel David Brown FCCA S.D Brown & Company Carnegie Building 25-27 Edward Street Portadown Co ATmagb BT62 3NE Bankers Danske Bank 78 Scotch Street Annagb BT617DJ Page I
Ballyards Charitable Trust (A company limited by guarantee) Report of the trustees (ineorporating the directors, report) for the year ended 30 September 2024 The trustees present their report and the fmancial statements for the year ended 30 September 2024. The trustees who served during the year and up to the date of this report are set out on page l. Structure9 governance and management The company is ¢onstitued by it's Memorandum and Articles of Association. and limited by Guarantee, having no Share Capital. Only persons who subscribe to the objects expressed in the Memorandum of Association of the Cornp&ny, and are appointed by the Executive Committee, or the company in a General Meeting can be admitted as Trustees. SKS Th¢ 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 company procedures for authorization of all transactions. and projects have been implemented. Objecllves and activities The Charity's objects ("Objects") are specifically restricted to the following:{l) To proclaim the Christian message by promoting the personal,spirifual,family.physical and fmancial wellbeing of people of all ages in Northern Ireland and abroad, by ther privision of any suppiort the officers may detern]ine. whether by supportlng the effectiveness and efficiency of charities and the voluntary sector or providing such support directly. Achievements and perforniance During the year ended 30 September 2024 the propety owned by the charitsble 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 rLU]ning costs of the propety in accordance with the le&se agreemenL Financlal review The results of the company for the year are detailed on pages 5 to I l. Plans for future periods We prdy 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 inforni2tion to Independent Examiner In so far as the trustees are aware: there is no relevant accounts inforniation of which the charitable company's independent examiner ts unaware. and the trnstees have taken all steps that they ought to have taken to make themselves aware of any relevant accounts infonnation and to establish that the independent examiner is aware of that inforn]ation. Page 2
Ballyards Charitable Trust (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 30 September 2024 Statement of trustees, responsibilities The trustees (who are also directors of Ballyards Charitable Trust for the PUTpose of company law) are responsible for prepaTing the Tntees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practtce. Company law requires the trustees to prepare financial statements for each financial year which 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 the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: select 5Uitable accounting policies and then apply them consistently" observe the methods and principles in the Charities SORP. make judgements and estimafrs that are reasonable and prudent: state whether applicable UK Accounting Standards have been followe subject to any material departures disclosed and explained in the fmancial statements. and prepare the financial statements on the going concern basis Unless it is inappropriate to presume that the charity will continue in operation. The trnstees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any tim¢ the financial 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 assets of the charity and hence for taking r¢&sonable steps for the prevention and detection of fraud and other iegularlties. Small company provisions This report h&s been prepared in accordance with the provisions applicable to companies subject to the small Companies, regime. On behalf of the board Paul Paynter Director Date: 16 June 2025 Page 3
Ballyards Charitable Trust (A company Jimited by guarantee) Independent examiner's report to the trustees on tbe unaudited fmancial statements of Ballyards Charitable Trust. I report on the accounts of Ballyards Charitable TnLSt for the year ended 30 September 2024 set out on pages 2 to 10. Respective responsÉbilities of trustees and independent eLqminer As the charity trustees (and also the directors of the company for the purposes of company law) you are responsible for the prepardtion of the accounts in accordance with the requirements of the Companies Act 2006. Having sattsfied myself that the charity is not subject to audit under company law. and Ès 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 Ireland 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 as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)0)) of the Charities Act. The examination included a review of the accountino records kept by the cbarity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts and seeking explanations from you as charity tsv5tees concerning such matters. My role is to state whether any material matters have come to my attention giving 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 Reconllnended Practice applicable to charities prepating their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. d) that there is fi]rther inforniation needed for a proper undeTStandino of the accounts to be reached Independent examiner's statement I 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 Irelan I have found no matters that require drawing to your attention. Independent examiner Samuel David Brown F.C.C.A 25-27 Edward Street PortadoN Co. Armagh B T62 3NE Date: 16 June 2025 Page 4
Ballyards Charitable Trust (A company limited by guarantee) Statement of financial activities (incorporating the income and expenditure account) For the year ended 30 September 2024 Unrestricted funds 2024 Total 2023 Totsl Notes Incoming resources Voluntary income unrestricted Offgem NI IiHI Receipts Other incoming resources 29,879 2,618 870 29,879 2,618 870 9,809 2,311 564 Total incoming resources 33,367 33,367 12,684 Resources expended Establishment costs Motor and travelling expenses Accountancy fees Charitable Gifts Other office expenses 15,375 685 552 9.100 277 15,375 685 552 9,100 277 12,019 123 534 363 Total resource5 expended 25.989 25,989 13,039 Net incoming/(outgoing) resources for the year I Net income/(expense) for the year 7.378 7,378 (355) Total funds brought forward 407,631 407,631 407,986 Total funds carried forward 415,009 415,009 407,631 The statement of financial 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 forni an integral part of these fancIal statements. Page 5
Baltyards Charitable Trust (A company limited by guarantee) Statement of Financial Position as at 30 September 2024 2024 2023 Not Fixed assets Tangible assets Current assets Cash at bank and in hand 399,909 399.909 15.100 7,722 15,100 7,722 Net current assets 15,100 7,722 Net assets 415,009 407,6J I Funds UDTestricted income funds 415,009 407,631 Total funds 415.009 407,631 The Balance Sheet continues on the following page. The notes on p2g¢s 8 to 10 fom an integr21 part of these fillancial statements. Page 6
Ballyards Charitable Trust (A company limited by guarantee) Statement of FiDaDcial Position (continued) Trnstees statements required by the Companies Act 2006 for the year ended 30 September 2024 In approving these financial statements as trustres of the company we hereby confirn): (a) that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companie5 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 Tequesting that an audit be conducted for the year ended 30 September 2024. (c) the directors acknowledge their responSilI1tieS for cotnpying with the requirements of the Act with respect to accounting records and the preparation of ac¢ounts. (d) these accounts have been prepared in accordance with the provisions applicable to companies subject to the smati companies, regime. The financial statements were approved by the board on 16 June 2025 and signed on its behalf by Paul Paynter J)irector The notes on pages 8 to io fonn an integral part of these financial ststements. Page 7
Ballyards Charitable Trust (A company limited by guarantee) Notes to financial statements for the year ended 30 September 2024 Accounting policies The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year. 1.1. Basis of accounting The financial statements have been prepared in accordance with Accountinty and ReportTng 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 2015F (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 FRSI 02. Assets and Liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting 1.2. Cashflow The chwity 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 (FRSI 02)), from the requirement to produce a cash flow statement on the grounds that it is a small charitable charity. 1.3. Fllnd accountillg General funds are utwestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. 1.4. 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 reasonable accuracy. The following specific policies are applied to particular categories of income: Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specifi performance by the charity. are r¢¢ognis¢d when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the ¢l)arity where this can be quantified. The value of services provided by volunteers has not been included. Gifts donated for resale are included as incoming resources within activities for generating fijnds when they are sold. Grants, including grants for the purchase of fixed assets, are recognised in filll in the statement of financial activities in the year in which they are receivable. Resourees expended Expenditure is recognised on an ac¢rual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported &s part of the expenditure to which it relates. Charitable expenditure comprises those Costs inCued 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 fancIal statements for the year ended 30 September 2024 1.6. Tangible red 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 write off the c05t less residual value of each asset over its expected use1 life, as follows: Land and buildings No depreciation has been charged on Land and Buildings. Land and Buildings bave been reported at market value. Incoming resources from ebaritable activities 2024 Total 2023 Total Grants 2,618 2,311 2,618 2,311 Other incoming resources 2024 Total 2023 Total Conacre 870 564 870 564 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 eompany limited by guarantee) Notes to financial statements for the year ended 30 September 2024 Land and buildings freehold Tangible fued assets Total Cost At 30 September 2024 399,909 399,909 Net book values At 30 September 2024 399.909 399.909 At 30 September 2023 399,909 399.909 Analysis of net assets between funds Unrestricted funds Total funds Fund balamces at 30 September 2024 as represented by: Tangible fixed assets Cuent assets 399,909 15,100 399,909 15,100 415,009 415,009 Capital commitments The Company had no Capital Commitsnents at the Balance Sheet date. Related party transactions There were no related paty trdnsactions in the year. 10. Controlling interest The controlling paty of the company is ¢ODsidered to be the Board of Trustees. ii. Company limited by guarnntee BallyaTds Charitable Trust is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribufr such amount as may be required not exceeding £1 to the assets of the chaittable 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 aeÉivities For the year ended 30 September 2024 2018 2017 Incoming resources Incoming resources from generating funds: Voluntary income unrestricted Donations Contribution to overheads 15,600 14.279 9,809 29.879 9,809 Total incoming resources from generating fuDd5 29,879 9,809 Incoming resources from charitsble activities Grants 2,618 2,311 2,618 2,311 Other incoming resources Conacre 870 564 870 564 Total incoming resources 33,367 12,684 Resources expended Costs of generating funds: Cost of generating voluntary income Donation Donations- Charitable Gifts Donations - Establisbment- Light & heat Donations - Establishment- IDsuraThce Donations - Other motor & travel costs Donations - Professional - Accountancy fees Donations - Office - General Expenses Donations - Bank Fees 9,100 12,575 2,800 685 552 94 183 9,475 2,544 123 534 179 184 25,989 13,039 Total coyt of generating voluntary income 25.989 13.039 Total costs of generating funds 25,989 13,039 Charitable aclivities Net incoming/(outgoing) resources for the year 7,378 (355) Page 12
Ballyards Charitable Trust (A company limited by guarantee) Detalled statement of fmancial actlvities For the year ended 30 September 2024 2024 2023 Charitable activities Governance Costs Office expenses - Other Net incomingl(outgoing) resources for the year 7.378 (355) Page 13