COMPANY REGISTRATION NUMBER: N1607232 CHARITY REGISTRATION NUMBER: NIC102248 coMphNies House .4 DEC Ifyo BELFNST Ballynafeigh Community Development Association Company Limited by Guarantee Financial Statements 31 March 2023 *JCHtILL6P• 0411Z12023 COMPANIES HOUSE JNI Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Slreel South Belfast BT2 8DN
Ballynafeigh Community Development Association Company Limitsd by Guarantee Financial Ststements Year ended 31 March 2023 Page Trustees, annual report (incorporating Ihe director's report) Independent audito¢s report to the members 10 Statement of financial activities (including income and expenditure account) 16 Statement of financial position 17 Notes lo the financial statements 18
Ballynafeigh Community Development Assoclation Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report Year ended 31 March 2023 The trustees, who are also the directors for the purposes of company law. present their report and the financial statements of the charity for the year ended 31 March 2023. Reference and adminlstratlve details Reglstered charSty name Ballynafeigh C)mUnIty Development Association Chaty feglstration number NIC102248 Company registration number N1607232 Principal offic• and registered 283 Omieau Rd, office Belfast BT7 3GG The trustees Robert S Johnston Peter O'Rourke David Hines Stephen Owen Atkinson Kieran Lynch Clive Jones Elizabeth Tlerney (Treasurer) Emer Mary O'Neill Chris O'Halloran Claire Ellis Df Joseph Wlson Clara Mccaffrey (Resigned 29 September 2022> (Resigned 29 September 2022) (Resigned 29 September 2022) (Resigned 9 August 2023> Aud•tor Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street jth Belfast 8T2 8DN Bankers Ulsler Bank 365-369 Orrneau Road Belfast BT7 3GP Solicttors EIL Kennedy Solicitors Imperial Buihjing 72 High Street 8elfast 8T128E
Ballynafeigh Community Development Association Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (mitlnu•dJ Year ended 31 March 2023 Struclure, gov•man¢• and management Governlng Document Ballynafeigh Community Development Association is a company limiled by 9uaranlee governed by ils Memorandum and Articles ofAssodation dated 111h July 2011. Ballynaleigh Community Development Associalion is a registered charity yth the Charity Commission for Northem Ireland. Appolntmenl of tnisteo5 The Chaimian and the Trustees iecrult and select new Trustees as needed. New Trustees are recruited on thè relevance of their professional skills, and Iheir potential lo be able to make a helpful contribution lo the govemance of the Charity. As part ol the recruitment process Ihey are made aware of a Truslees. legal obllgallons under charlty and company law, the content of the Memorandum and Articles of Assoclation. Ihe commirfee and decislon-making processes, the buslness plan and recent financial performance of the charity. Once the polenlial new Trustee has agreed to be considered for appoinlment to the role, the Trustees rneet to review and to vole on the candidates, suitability for appointment. If there is unanimous agreement, their names are Ihen proposed lor appointmonl, to the voting Members of the Company at the next Annual General Meeting. Relatlonshlps with related partles None of our truslees receive remuneraiion or Oiher benefit from thelr work wilh the ¢harily, Rlsk management The Iruslees have a rlsk managemenl strategy which comprises: an annual reviéw of the principal risks and urtcertainties that the charity faces; the esl8blishrnent of policies. systems and procedures lo mitigale those risk8 identified in the annual feview, and the Implemenletlon ol proGedures deslgned to rnlnlm16e or manage any polential Impacl on th6 charity should Ihose risks materialise.
Ballynafeigh Community Development Association Company Limited by Guarantse Trustees. Annual Report (Incorporatlng the Dlrector's Report> (¢oDeinued) Year ended 31 March 2023 ObJecllv•g and activili•8 ObJe¢tlves and A¢tlvltles 8CDA's Charity Objectlves (oblectsl are promote the benefil of the inhabitanls of 8allynafeigh and its environs (the 'Area of Benefit) without distinction of sex, sexual orientation. age. race. ethnicity, or polilical, religious. or other opinion. by associating with voluntary and community organlsallons, slatulory a9encies and inhabilants. in a cornmon effort to: (a) Advance cornmunity development by providin9 iesources, lacilitates, amenities, support, and Information community and voluntary groups and organisations and encouragin9 and assistlng Such Drganisalions to cooperate to achleve Ihelr aims; (b) Promotè sharod neighbourhood, good relations, and equty and diversity; (c) Advance education and,, (d) To develop the capacity and skills of residents of the area af benefit, an afea of social and economic disadvantage, in such 8 way Ihal they are better able lo Identlfy and help meet Ihelr needs an¢J to partiClP8te more lully In soclety: (e) Relieve those in need by reason ol youth. a98. 111 he8llh, disability, financial hardshlp or other dlsadv8ntage: and (Q Promote such other charitable works as may from lime lo lime be delemlned. In shaping our Objectives for Ihe year and plannlng our activities, the trustees have consldered the Charlty Cammissbon's guidance on public benefit.
Ballynafeigh Community Development Association Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) f¢oniinuedJ Year ended 31 March 2023 Achievements and perfomiance BCDA dellvered its vision ol neighbourhood ar soclely by successfully resourclng and dellverlng Its oiects and programmes. 'Our vision Is of a vlbrant nelghbourhood. with a generous splrlt supported by a dynamic cunmunity assoclatlon whlch acts as a caLqlyst for change and development.. 8y directly targeting need Ihrough bespoke projecls that support indNiduals anij supportlng ihe ¢Jevelopmenl and capacities ol user groups and partners, we generate a social fabric in the nelghbouthood Ihat is resrfient and inclusive. BCDA both generates this development and equips groups and indivSduals to be adaplive In the face of change. We achieve thi8 by ading as a resource for action. providing physical space for the autonomous development ol groups and developmental support for our partner projects. Overall, in the year from April 2022, BCDA supported 123 groups and prqects. To understand and map the impacts of our work we organise our engagement at ihree 'bevels". Leve11 (38 in 2022-2023), space for groups lo plan and deliver., leve12 (44 in 2022-2023), groups porticipate or gain benefil and empowerment from our projects arrfl prograrnmes., leve13 (41 In 2022-2023), 8CDA acl8 as Ihe pivoi for collaboratTr betrween groups and organisalions. The focu8 on group davepment and collaboration is malched by our support for Indivkluals and families. Our great Advice Team delivered an average 0125 advlce sesslons per week across 11 venues in Soulh 8effast. We supported 1642 individuals and recovered £832,601.00 in benefil payments foi these chents. This has had a huge impact of the quality of lrfe of these people, particularly in the currenl economic dirnate where the cosl of Ilving Is increasing. and incomes are static or decreasing in real terms. There is a real uisis for people that we address. 8CDA Health and Social Wellbeing Team exceeded Ihe project t8rgels, by impacling on the lives of 1626 people and families, aged across the life Gycb, throu9h the delivery of soclal heallh and well-being programmes such as: Sensors Gardening Programme Seniors Arts and Cfafts Seniors Shopping Trips Gym Programme Fitness Classes Adopted Gym Séssions for participants wilh disabilities. P7 Sports Transiti¢)n Programme Cook it Physlcal Actlvity Adulls Gym or Swim Seniors Engagement Sessions Ballynaleigh Men's Shed sesOn$ Cregtive Play Sessions Addillonal Resources were awarded to BCDA Ihrou9h the PHA Developmenl Fund. This additional funding was specrfically targeted lo support primary school children, families. senior5 and Men via '. Healthy Homes programmes: 6 sessions of physical actNity, 6 sessions cook it, 6 sessions personal dèvelopment. Fitness 8 programmè: 6 seSonS of Physhcal activityNutritlonal Educatlon Seniors Engagement Based prograrnmes.
Ballynafeigh Community Development Association Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (Mntlnu•d) Year ended 31 March 2023 Our Counselling Servlce delivered 737 sessions of Talking Therapy in ihe year 2022-2023. Targeied age grovps are fr 18 10 75+ wilh reported mental health issues. The largest age group is 2544. These are all refefrals from GPS in South Belfast through the Mental Health Hub. Sure Slart at BCDA delNerèd - Six Child Development Sessions per week (12 children) Four TV Year Old Programme Sessions per Week. One Parent & Toddler Session per Week (six Families) One 8aby Cale Session per week (Six families One Pramtastic Session per Week (6 parents and 6 babies) One "Come 2Play' introductory session wllh six "stsy 2 Plaf sesslons (one per monlh, 12 thildren and th8ir parenls> BCOA has broad developmental networf(s and connections a(Yoss the sector, developing and delivering significant projects and iniliatives in collaboratsve partnerships with stalutory and community sector agencies, BCDA openty shares ils practice and seeks lo lake a broad co-design approach to shaping policy. BCDA leads andlor supports a number of sectoral nefviorks and partnershlps. Baltynafeigh & Taughmonagh Health & Wellbeing Partnership South Belfast Mental Healih Hub and the Public Health Agency. Soulh 8elf8sl advice Consortium (South City Resource & Developfflenl Centre, Advice Spa Belfast, 8COA as Lead Partner). BCDA & Sureslart Childcare Partnership. ligranl Centre Nl & 8CDA Partnership. 8elfasl. City ol Sancluary. Bellast Advice Group (BAG) BAG advocates on behall of Ihe iwenty advice services a(Yoss Ihe City. Eleven Advice Outreach Centres: Mornin9ton Community Project. Lower Ormeau Residents, Action Group, Annadale and Haywood ResentS Association, Donegall Pass Community Forum, Markets Development Assouation. Sandy Row Community Centre. Taughmonagh Community Forum, Morton Community Centre. Women's Aid. Belvoir and Miiifield Hub. Cregagh Community Cenlre. Cc*e services cmtinue at BCDA. Our organis8tion seeks to have a clearly defined input into partnership organisats'ons encouraging aulonomy. building strength and sound processes for govemance and acntabilIty. These inter- organisational processes encourage openness and 8ccountability while promoting both independence and interdependence, 8CDA's approach maximises the impact ol limited resources by eliminating duplicalion. encouraging networks lo deepen reach into communities in need and build constructivé felallonshlps across the sector befyveen the sector, govemmeni and statuti)ry 8geneles, BCDA achieves these cornplex and wide-ranging oulcomes, wilh tightly focused resources In challenging circumstances, because ol a combination of a dedicaleLI leam of slaff and volunleers and crucially, a dedicated 8oard commilted lo excellence in govemance. We are compliant with our obligations under both Charty and Company Law and are a publidy acCnL9b1e entity
Ballynafeigh Communlty Development Association Company Limited by Guarantee Trustees. Annual Report {Incorporating the Dlrectorfs Report) (conllnu•dJ Year ended 31 March 2023 Achl•vom•nts and perfomiance (eantlnu•dJ FlnanGe & Fund Ralslng 8CDA maintsined and expanded its funding base lo meet the needs of the neighbourhood and the sector. 1. Resourcing the core functions of the organisatian and sustain Ihe building as a hub for capacity building and comrnunity developmenl.. BCC Capacity 8uilding grant £46684.52 DFC CIF £65487.27 2. Annual fundlng io develop and dellver long-standing projects to address perennial need In our communilles.. BCC South Belf8sI Advice Partnership £158028,61 8CCIDFC Wellare Relom £33187.46 PHA Health & Wtsiibelng £47260,00 3. New Funding to address new and emer9ing needs in our communities., Rank Foundalion £34000.00 Belfast Trust Talking Therapies £38724 BCC Small grants £9180.00 FoThYard South Partnershlp £12368.50 CFNI £5000.00 Along wilh our income from lund raising, our activilies generaled unreslricted income to support Ihe running ol the org8nisation Income Irom Partner organizalions £35333.00 Resource Income from roomfvenue hlre £15787.00 Donalions £505.00
Ballynafeigh Community Development Association Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (Mntlnu) Year ended 31 March 2023 Financlal review The nel incomlng resources for 2022123 were £29,032 <2022: £31.719). Total reserves al the year-end amounted to £612,559. Reserves poll¢y and golng ¢oncern Reserves are needed to bridge the Ilrning gap befvieen spending and receiving of Income and lo cover unplanned temporary shortfalls in income should they arise. Holding adequate reserves Safeguards the provision of our services in the evenl of unexpected significant financial pressures. The trustees consider that the ideal level of reserves would be between three lo six rnonths expenditure which for lh8 year ended 31 Mah 2023 would be between £129,642 and £259.284 Unrestricted reserves freely avallable to spentj. therefore excluding fixed assets, restricted res•p4es and designated reser4es amounled to £176,280 whlch is within the Ideal Lqrget level. The Irvstees believe this represents a suffici8nt level ol resenie lo ensure thal Iha goin9 concern assumption is appropriate. Prln¢lp41 fundlng sources Th8 main funding bodles that support 8CDA are- Bellasl City Council (BCC) Public Health Agency (PHA) Department for Communities (Dfc) Belfasl Health & Social Care Trust (BHSCT) Plans for future perlods Fln•nces and Fundrnlslng The board has a slrong and definitg plan lo sustain current funding and fundraising into the next financial year ensvring suslainability of existing projects and services, development of new work in response to emerging need and bolstering and expanding of resenies as approprlate. This will be achieved by a combination of sustaining project based and core funding and seeking new opportunities for bDlh. The board are also developin9 plans for unrestricted income generation based on use of exisling organisational assets and pursuing income diversification opportunities. The aftermath of Ihe pandernlc, the emerglng 'cosl of Ilving" crlsls and the consequent squeeze on public finances presents a significanl challenge for 8COA going fopward. This, coupled with a marked reduction in resource income because of reduced use of the building during th8 pandemic. requires new approaches lo suslalning our work, BCDA will be expanding opportunilies for groups and individuals to use resources in the building, including the newly renovated space on the top floor= this will enhance Ihe level of support available to the neighbouthood In terms af spaces to work, meet and innovate. It will also Gontribule to the building of financial reseNes enabling ihe 8oard lo sustain and d?v8lop 8COA.
Ballynafeigh Community Development Association Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) f¢onUnu•dl Year ended 31 March 2023 Trustees. responsibilities statement The trustees, who are also dlr8Ctors for the purposes of company law, are responsible for preparing the trustees, report and the financial stal8ments In accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees lo prepare financial staiernents for each year which give Irue and fair view of Ihe slale of affairs of the charitable company and the incomin9 resources and applic81ion of resources, including the incom• and expendilure, for that period, In preparing these financial st8tements. the Iruslees are required to,. select suitable accounting policies and then apply Ih8m consistently; obsenle Ihe meihods and principles in the applicable Charities SORP; make judgments and accounting estimates that are reasonable and prud8nt: prepare Ihe financial statements on the going concern basis unless it is inappropriate to presume thal the charity will continue in business. The Irustees are responslble for keeplng adequ8te accountlng records that are sufficlent to show anrj explain the charity's transactions and disclose th reasonable accuracy at any lime th8 financial posilion ol the charity and enable them lo ensure that the financial stalements comply with the Companies Act 2006. They a also responsible for safeguarding the assets of the charity and hence for taking reasonable slep5 for the prevention and deteclion of fraud and other irregularities. Audltor Each of the persons who is a trustee at the date of approval of this reF)Ort confimis that: so far as they are aware. there is no relevant audit information of which the charity's avdilor is unaware: and Ihey have laken 811 sleps Ihat they ought lo have laken as a trustee lo make thernselves aware of any relevant audit Information and lo establish thal Ihe charity's audilor Is aware of that information. Small company provisions This report has been prepared in ac¢ordance wilh the provisions applicable to companies entitled to the srnall companies exernption.
Ballynafeigh Community Development Association Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director'5 Report) f¢onllnu•lJ Year ended 31 March 2023 The trvstees, annual report was approved on 29 November 2023 a1 signed on behaH of the board of trustees by: Chris O'Halloran Trustee
Ballynafeigh Community Development Association Company Limited by Guarantee Independent Auditorfs Report to the Members of Ballynafeigh Community Development Assoclatlon Year ended 31 March 2023 Opinion We have audiled the financial staternents of Ballynafeigh Community DeVelOent Asswation (the 'charity') for the year ended 31 March 2023 vthich comprise the siatement of financial activittes (including Income and expenditure account), slatemenl of financial pasitson and the related notes, including a summary of signifKanl accounling policies. The financial reporling Iramework thal has been applied in their preparaiion 18 8pplicable law and United Kingdom Accountiry Standards, Including FRS 102 The Financial Reportin9 Standard applicable in the UK 8nd Ropublic of Ireland (United Kin9dom Generally Accepted Accounllng PractEce). In our opinion the financial stalements: give a true and fair view of the stale ol Ihe charivs affairs as al 31 March 2023 and of its irLoming resources and applicallon of resources, including its income and expendilure, for Ihe year Ihen ended; have been properly prepared In accordance Unlted Kingdom Generally Accepted Accouniing Pracilce; have been prepared in accordance with Ihe requiremenls of the Companies Acl 21)06. Bas1$ for oplnlon We conducted our 8udlt in 8ccord8nce wlth Inlemational Sl8nd8rd$ on Audiling (UK> {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the audilorfs responsibilil*s lor the audit of the financial staternents section of wr report. We are ifvjependenl of the charity in accordance with the ethical requ1MentS that are levant to our audll of the financial slatements in the UK, including the FRC'S Ethical Slandard, and provisions available for small entities, in the circumstances set cwt below, and we have fulfilled wr other ethical responsibilitiès in accordance with these requirements. We belleve ihal Ihe audit evidence we have obtalned Is sufficient and approprlate lo provide a basis for our oplnlon. Conclu6lon8 r•latlng to golng ¢onGem In auditirKJ Ir)e financial staternents. we have concluded that tho trustees, use of Ihe going Concern basls of accounting in Ihe preparatlon of the financial statemenls is approprlate. Based on the work we have performed, we have not identified any material uncertainlles relaling to evenls or condilions that, individually or coljeclivety. may cast slgnificant doubl on Ihe charitys ability lo contlnue as 8 golng concern lor a perlod of at 188St Iwelve months from when the financial statements are authorlsed lor Issue. r responsibilities and the fesponsibllilies of the trustees wilh resped io going concem are described in the relevant sections of this report. 10
Ballynafeigh Community Development Association Company Limited by Guarantee Independent Auditor's Report to the Members of Ballynafèlgh Community Development Assoclatlon (¢gntlnu•d) Year ended 31 March 2023 Other Inforniatlon The other infom)ation comprises the infomation included in the annual report, other th8n the financial slalements and our auditor's report Ihereon. The truslees are responsible for the other information. Our opinion on the financlal statements does nol cover the olher inlormation and, except io the extent olher+vise explicilly staled in our report, we do not express any form of assurance GonGlusion thereon, In connection wllh our audit of the financial statements. our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsistent wilh the rinancial statements or our knowledge obtained In the audit or otherwise appears to be materially misstated. If we identify such malerial inconsistencies or apparenl material misslalemenls. we are requlred to determine whelher Ihere is a materlal mlsstalemenl In the financial statemenls or a material misslalement of the other information. If, based on Ihe work we have p8rfomi&d, we conclude that there is a material misstatement of this Other information. we are required to report that facl. We have nothing to r8port in this regard. Oplnlons on other rnatt•rs pr•s¢r5b¢d by the Companles Act 2006 In our opinlon. based on Ihe work undertaken In the course of the audll: Ihe information given in the trustees, report for the financial year for whlch the financial 51alements are pPared is consistent with the financial slatementg; 8nd the trustees, report hes been prepared in accordance with applicable legal fequirements. M•rters on whlch we are requlr•d to report by excepllon In the light of the knowledg8 and unders18ndlng of the charlty and Its environment obtained In the course of the audlt. wè have not Identified mater181 misstslements In the trustees, report. We have nothing lo report In respecl of tha following matters in relation lo which the Companies Act 2006 requires us lo report to you if, in our opinion: adequate accounling f6eord$ have nol been kept, or relurns adoquaio for our audil havé not been recelved Irom branches not vlsiled by us., or the financlal slalements are not in agreement wllh the accounting records and retums., or certain disclosures of trusiees, rernuneration specified bylaw are nol made., or we have nol received all the Informallon and explanations we require for our audit,. or the trvstees were not eniitled to prepare the financial ststemenls in accordance wlth the srnaii companies regime and take advantsge ol the small companies. exempiions in preparing the direclors, report and from the requirement to prepare a strategic report. 11
Ballynafeigh'community Development Association Cornpany Limited by Guarantee Independent Audltor's Report to the Members of 8allynafeigh Community Development Association (¢ontInOI) Year ended 31 March 2023 Responslbllltl•s of trustoes As explained more fully in the Irust88s' responsibilities statement. the trustees (who are also Ihe directors for Ihe purposes of company law) are responsible for the preparation ol the financial statements and for being satisfied that they give a Irue and fair view. and for such inlernal control as the Iruslees detemiine is necessary to enable Ihe preparation of financial statements that are free from material misslalemenl. whelher due to fraud or error. In preparing the financi81 statements. the trustees are responsible for assesslng Ihe charity's ability to nlinue as a going concern, discloslng, as applicable. matters relaled to going concem and using the golng concem basis of accounting unless the truslees eilher inlend lo liquid8¢e the charity or to cease operations. or have no realislic altemative bul to do so. 12
Ballynafeigh Community Development Association Company Limited by Guarantee Independent Auditor's Report to the Members ol Ballynafeigh Community Development Association (¢onUftu*d) Year ended 31 March 2023 Auditof8 respon8lb11115es for the audit of the flnancial statements Our objeclives are lo obtain reasonable assurance about whelher Ihe financial slalements as a whole are tree from material misstslement. vthelher due to fraud or eThor, and to issue an auditorfs report thal includes our opinion. Reasonable assurance is a high level of assurance, but is nol a guarantee thai an audit conducted in accordance with ISAS (UK) will always delecl a material missialement when il exists. Misslalements can arise from fraud or error 8nd are considered malerial if. individually or in the aggregate, they could reasonably bo expected lo Influence the econornic decisions of users taken on the basls of these financial slatements. lffegularilies, including fraud, are instances of non-compliance with laws and regulations. We design Pfocedures in line with our responiAbilities. outlined above. to detect material misstalements in respecl of irregularities, includin9 fraud. The extent to which wr procedures are capable of detecting iryegularities. induding fraud is detailed below: In identfying and assessing risks ol material mlsslatemenl In respect of irregularities. including fraud and non-compliance with laws and regulations. we considered the following.. The nalure of the induslry and sector, control environrnent and business performance including the design of Ihe remuneration policies, key drivers for directors, remuneralion. bonus levels and performance targets; Results of our enqulrles ol management aboul thetr own identific8tion and assessment of Ihe rlsks of irregularities: Any matters we Idenltfied having obtained and revlewed docurnentatk)n of Ihelr policies and procedures relaling to.. Idents'fying, evalualing and complying th lav and regulations and whether management were aware of any instances ol non-¢ompli8nce: Detecting and responding to th8 ftsks of Iraud and whelher management have knowledge of any actual. suspected or alleged fraud: The intem81 ¢onlro15 established to rnItat¢ risks of fraud or non<ompliance wth laws and regulalions. The matters discussed among the audit engagemenl leam induding significant component audit teams and levant inlemal specialists. indudin9 tax and valualions specialists regarding how and vthere fraud rnh1 occur in Ihe financial stalements and any potential indicators of fraud. As a fesull of these procedures, we consldered the opportunities and incentives Ihat may exist 1th1n the organisation for fraud and identified th8 greatest potential for Iraud. In common with all audils under ISAS {UK), we are also required to perfonn specific procedures to respond to the risk ol management override. We also oblained an understsnding of the legal and regulalory frarnewkS in operation, focusing on provisions of Ihose laws and regulations that had a direct effecl the detemiinats'on of material amounts and disclosures in the financial statements. The key laws and regulats'ons we c$[dered in this conlexi induded ongoing compliance with Ihe UK Companies Acl and tax legislalion. In addition, we considered provisions of other laws and regulations that do nol have a direct effect on the financial statements but compliance with which may be fundamenlal for their ability to operate or to avoid a material penalty. 13
Ballynafeigh Community Development Association Company Limited by Guarantee Independent Auditor's Report to the Members of Ballynafeigh Communlty Development Association (conllnuodj Year ended 31 March 2023 As part of an 8udil in accordance with ISAS (UK), we exercise professial judgment and maintain professional xepticism throu9houl the audil. We also: Identlfy and as5es5 Ihe risks of material mlsstatement of the financSal statemenls, vthether due lo fraud or error, (lesign and perform audit procedures responsive lo those risks, and obtain audit evidence that is sufficient and appropriale to provide a basis for our op'nion. The risk of not d8lecting a material nisstatement resulting from fraud is higher than for one resulling from errLY. as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or Ihe override ol internal conlrol. Obtain an urKlersiandlng of internal control re18vanl to the audit in order to design audlt procedures that are appropriate in the circumsL3nces, but nol for the purpose of expressing an opinion on the effectiveness of ihe internal control. Evaluate the approprialeness of accounting policies used and the reasonableness of accounling eslirnales and related disclosures made by the Iwstees. Conclude on the 8pkYopriateness ol the trustees, use of the going cCern basis of accounting and. b8sed the audil evidence obLqined. whether a material uncertainty exisls related lo evenls or condilions Ihal may casl sigrNficant doubt on the charity's ability to conlinue as a goin9 concem. If we conclude that a rnaterial uncertainty exists, we are required to draw attention in our auditor's reFX)rl to the related disclosures in the financial statements or. if such disclosu$ are inadequate. to modfy our opinion. Our eonclusions s based on tha audSl evidence obtained up lo the date of our audilor'6 reFX)rt. However, fulure evenls or conditions may cause the charbly lo cease to conlinue as a going concern. Evahjate the overall presenlatbon. slNcture and content of the financial statements, including the disdosures, and whether the financial statemenls represenl the underlying transactions and evenls in a manner thal achieves lair presentation. 14
Ballynafeigh Community Development Association Company Llmoted by Guarantee Independent Auditorfs Report to the Members of Ballynafeigh Community D8velopment Association (¢onllnued) Year ended 31 March 2023 We communicate with Ihose charged with govemance regarding, among other matters. the planned scor* and ts'rning of the audit and si9nifunt audit findings, including any significant deflencieS in intemal control that we identify durin9 our audit. Us• ol our report This report is made solely to the charity's members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we mwht sLqte to the chaiity's Thrnber$ those matters we are required to state to them in an auditorfs rep and for no othei purpose. To the fullest extent permitted by law, we do rt accept or assume responsibility to anyone Olher than the charity and the charity's members as a body, for our audit work. for this report. or for the opinions we have formed. Paul Dolan FCA (Senior Statutory Auditor) For and on behalf of Finegan Gibson Ltd Chartered acccmjntants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 80N 29 November 2023 15
Ballynafeigh Community Development Association Company Limited by Guarantee Statement of Financial Activities (Including Income and expendlture account) Year ended 31 March 2023 2023 ReStted furKls Total funds Total funds 2022 Unrestricied funds Not• Income and ondowments Donations and legacies Charitable activilies Other income 505 101.336 505 $46,979 116 440 553,685 445.643 TOL11 Incom• 101,841 445,759 547.600 554,125 Exp•nditur• Expenditure on charllable aclivllles Total expendlturo 59.337 459,231 518,568 522.406 59.337 459,231 518.568 522.406 N¢¢ Income 42,504 (13.472) 29,032 31,719 Translers between funds {8,698) 8.698 Net movement In fund8 33.806 {4,774) 29.032 31,719 R•conciliation of funds Total funds brought fOard Total lund$ ¢arrl•d forward 526,916 $60.722 56.611 583,527 $51,808 S83,527 51.837 612,559 The statement of financial activitiès includes all gains and losses recognised in the year. All inGome and expenditure derive from wntinuing activities. T n•t88 on pages 18 to 28 forni part of theso Ilnanclal slatem•nts. 16
Ballynafeigh Community Development Association Company Limited by Guarantee statement of Financial Position 31 March 2023 2023 2022 Nol¢ Flxed assets Tangible fixed 8ssels 14 384,442 398,448 Current assels Debtors Cash at bank and in hand 15 42.753 210.829 253.582 31,623 194,057 225,680 Credltors.. amounts falllng due wlthln on• year Net current assets 16 25,465 40,601 185.079 228,117 612,559 612,559 Total assets less current liabilities $83.527 Nel assets 583.527 Funds of the charlty Restricted funds Unrestricled funds 51.837 560.722 56,611 526.916 Total charity funds 18 612,559 583.527 These fin8nci81 st8lements have been prnpared in accoféance with the provisions applicable lo companies subject to the sm811 companies, regime. These financial slalements were approved by the boanl of Irustees ard authorised for Issue on 29 November 2023, and are signed on behalf of Ihe board by". Chfls O'Halloran Twslee The notes on pages 11 to 28 forni part of th•se financlal ststements. 17
8allynafelgh Community Development Assoclatlon Company Limlted by Guarantee Notes to the Flnanclal Statements Year ended 31 March 2023 General infomiatlon The charfty Is a public benefit entity and 8 private company limiled by guarantee, registeréd in Northem Iralar and a reglglered charity in Northern Ireland. The address of the registered offic8 Is 283 Ormeau Rd.. Belfast. 8T7 3GG. Stalement ol compllanc• These financial stalements h8ve been prepared in cornpliance with FRS 102. 'The Financial Reporting Standard applicable in Ihe UK and the Republic of Ireland,. the Slalemenl of Recommended Praclice applicable lo charities preparing their accounts in accordance wilh the Flnanclal Reporting siandard applicable in Ihe UK and Republic ol Ireland (FRS 102) (Charities SORP (FRS 102)) and Ihe Charities Act (Norlhern Ireland) 2008 and Companies Act 2006. Ballynafeigh Comrnunity Development Association meets the d8finbllon of a publc entlty und8r FRS 1Q2. Accounling poll¢l•8 Basis of préparallon The financial statements have been prepared on the hlslorfcal cost basis, 8$ modrfied by the revaluation of certain financial assets and liabilities and inveslmenl properties measured 81 fair value through Income or expèndlturo. The financial stalemenls are prepared In sterliThJ. whhch Is the function81 currency of the enllty. Golng conc•rn There are no materlal uncert8lnlies about the charlty'8 ability to continue. Dlsclosure •x•mptlons The charity has taken advanlge of the exemptk>n in SORP 201 S from the requirement to produco a cash flow 8talement because il is 8 small charity. Judg•m•nts and key sources of estimatlon uncertalnty The preparatim of the financial sialements requires management to make judgements, eslimales and assumptions that affect the amounts reported. THese estirnaies and judgements are continually reviewed ar are based on experience and other factors, includin9 expeclations of fulure events thal are beh'eved to be reasonnable under the circumstance5. 18
Ballynafeigh Communlty Development Association Company Limited by Guarantee Notes to the Financial Statements (condnu*dJ Year ended 31 March 2023 Accountlng policies l¢on¢lnu•d) Fund accounting Unrestricted funds are avallable for use at Ihe dlscretlon of the truslees to further any of the charity's purposes. Designated lunds are unrestricled.funds eam)arf(ed by the trusiees for particular future proied or commllment. Restricted funds are subj'ecled lo restrictions on their expenditure dedared by the donor or through Ihe tems of an appeal, and fall inio oné of tsvo sub<lasses.' restricted Income funds or endowmenl funds. Incomlng r•sOu¢9 All Incomin9 resources ore included in tho stalement of financial activilies when entitlement has passed to the charity: It is probable Ihat the ecormi¢ benefils associated wilh the transaction will flow lo charlty and the amount can be reliably measured, The following specific policies are applbed lo particular categories of income: Income from donalions or granls is reco9nlsed when there Ss evtdence of enlitlemenl to Ihe glft. receipt is probable arKI ils amounl can b8 measured reliabty. legacy income Is recognlsed whon rece1 Is probable and enliuernenl Is eslablSshed. Income from donated goods is measured at Ihe fair value ol Ihe good8 unless Ihis is irnpractlcal to measure reliably, In which case the value is derived from thè cosl to the donor or Ihe estimaled resale value. Donated facilities and seNices are recognlsed in the accounts vthen rer2ived if the value can be rellabty measured. No amounts are included for the conlribution of general volunteers. incornè from conlraets for the supply of seNices Is recognised with the delivery of Ihe conlracted service. This Is classlfied as unrestricted lunds unless there is a contraclual requirement for it to be spenl on a particular purpose and retumed If unspent, In which cas• 11 may be iegarded as restrlcled. 19
Ballynafelgh Community Development Assoclatlon Company Llmited by Guarantee Notes to the Financial Statements (contlnu•d) Year ended 31 March 2023 A¢countln9 policies (conrfnued) Resources expend¢d Expenditure Is recognised on on accruals basis as a liatility is incurred. Expenditure includes any VAT which cannol be lully recovered. and is ¢la55ified under headings ol Ihe slotemenl of fmancial acllvits'es to whlch it relales: expendlture on raIng funds Includes the costs ol 811 fundraising actIVe3, events. n-charitable trading activilies, and the sale of dTh)aled goods. expendilure on charitable activilies includes all costs incurred by a charity in undertaklng 8Ctivities Ihal further ils Charilable aims for the benefil of ils benefici8ries. including those support costs and costs relating to the govemanca of the charfty apporlioned to charilable aclivities. other expenditure includes all expendilure that Is nelther relaled lo r818ing funds fcy Ihe charity nor part of Its expendlture on charitable acti1168. All costs are 8lb¢ated expenditure ¢alegorles reflectin9 the use of the r¢sour¢e. Threcl co$is attribui8ble lo a single acts'vity are allocated directly lo Ihat activity. Shared costs 8re 8PPOrtioned between the activilies they contribute to cm a reasonable. justifiable and consislent basis, Tanglble assets Tangible assets are initally recorded at cost, and subsequently stated al cost less any accumulated deweciation and impaimient losses. Any tsngible assels carried al rèvalued amounts are recorded at Ihe falr value at Ihe dale of revalualion less any subsequent accumlated depreciation and subsequent accumulated impairmenl losses. An increase in Ihe carrying amount ol an asset as a result of a revaluatlon. Is recognlsed In other reco9nls8d galns and losses, unless It reverses a charge lor impalmient that has prevlousty been recognised as expendilure thIn the stalement of financial activilies, A decrease in the rArrying amount of an asset as a result ol revaluation, is recognised in other recognlsed gains and k>sses. except to which il offsels any prev¢ous revalualbon gain, in which case tha loss ffj shown within other recognlsed gains and losses on ihe slatement oi financial activities. Depreciation Depreciats'on Is cakulaled so as to wrbte off the cost or valuation of an asset. less its residual value, over the useful economic life of Ihal asset as follows: Freehold property Fixlureg and fittings 2% straighl line 15Y• reducing balance Impairni•nl of fix•d as6et8 A review for indicators of impairnent is carried out at each reporting date, wilh the recoverable amount being eslimated where such indicaiors exist. Whérè the canying value exceeds the rewrferable amount. the assel is Impaired aCrdInglY. Prfor Impairments are also reviewed lor possible reversal at eath reporting date. 20
Ballynafeigh co.mmunity Development Association Company Limited by Guarantee Notes to the Financial Statements (¢ontlnu8d) Year ended 31 March 2023 A¢¢ountin9 policies {wnllnued) Impalmient of fixed assets (eontlnu•d) For the purposes of impairmenl tesling. when il is not possible lo estimate the recover8ble amount of an irKJividual assel, an estimate is made of the recoverable amounl of the cash-generating unit lo which the asset belongs. The cash-generating unil is the smallest idenlifiable group of assels that includes the asset and generates cash inflows Ihal large independenl of the cash inflows from olher assets or groups of assels. For impairmenl lesting of goodwill, Ihe goodwill acquired in a business combination is. from the acquisition date. allocated lo each of the cash-generaling units Ihal a expected lo benefit from the synergies of the combination, irrespedive of whelher olher assets or liabilities of the charity ar8 assigned lo those units. Deflned Contr1ttIOn plans Contributions ¢0 defined contiibulion plans are recognised as an expense in the period in which the related seNicè is provided. Prepa contribulions are recognised as an asset to the extenl Ihal Ihe prepayment will lead lo a reduction in fulure payments or a cash refund. When contributions are nol expected to be settled wholly within 12 months of the end of the reporting date in vlhich Ihe employees rerKler the relaled service, the liakn'lity is measured on a discounled present value basls. The UnWir1rwj of Ihe discount is recognised as an expense in the perlod In which it arises. Llmlted by guarantee Each of the members of the company has guaranteed to contribute lo Ihe assets of the company in the event oflhe same being wound up lo the extenl of £1. Donallons and legacl•s Unrestricted Total Fund8 UTr stricled Total Funds Funds 2023 Funds 2022 Donallons Donations 505 505 440 440 21
Ballynafeigh Community Development Association Company Limited by Guarantee Notes to the Financlal Statements (contlnu•O) Year ended 31 March 2023 Charltabl• acllvltlos Unrestricted Funds Restricled Total Funds Funds 2023 Bewast City Council - BCDA Dep8rtrnent for Communities Enkalon Foundation Publlc Health Agency Belf85t Health & Social Care TnJst Education Authority Resource Incom• Summer Scheme Fees Herllage Lottery Fund Groundwork Whitemountain Fundlng Department of Foreign Affairs CFNI Awards for All Halifax Income from Partnershlp Organisations Rank Foundation 47.473 208.695 66,987 256.168 66.987 7.$41 53.703 38.724 61.244 38,724 15,787 15,787 300 300 2,930 2.930 5,000 5.000 30,535 35,304 34,000 65.839 34,000 $46.979 101.336 445,643 Unrestricted Funds Restrtcted Total Funds Funds 2022 8elfasl City Council - BCDA Dep8rlmenl for Communllles Enkalon Foundatlon Public Health Agency Belfast Health & Soclal Care Trusl Educatlon Authority Resource Income Summer Scheme Fees Heritage Lottery Fund Groundwork Whitemountaln Funijlng Department of Foreign Affairs CFNI Awarfls fnr All Halifax Income frorn Partnership Organisolions Rank Foundation 55.014 2S8,906 63.153 500 55,147 38,114 313.920 63.153 500 59,315 38,114 (3781 8,515 4,168 (378) 8.515 9.900 7,000 8.346 9,000 11,200 3,900 1,700 9,900 7,000 8,346 9,000 12.700 3,900 19,700 1.500 18,000 86,819 466,866 553,685 22
Ballynafeigh Community Development Association Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 March 2023 Other Income Restricted Total Funds Funds 2023 Reslrlcted Total Funds Funds 2022 Other income 116 116 Expendlture on charitable actlvltles by fund typ• UnstrICted Funds Restrlcted Total Funds Funds 2023 Community development & promotion Support Gosts 8,971 50.366 358,422 100,809 459.231 367.393 151.175 59.337 518.568 Unrestricted Funds Restrlcled Tolal Funds Funds 2022 Community developrnent & promotion Support costs (29,271) 128,300 408,955 14,422 379.684 142,722 99,029 423,377 522,406 Expendlture on charltable actlvltles by a¢tivSty typ• Activtties undertaken direclly Support costs Total funds 2023 Total fund 2022 Community development & promotion Govemance costs 367.393 137,652 13.523 505,045 13,523 S07,983 14,423 367.393 151,175 518.568 522,406 10. Analysls of support costs Analysis of support costs Total 2023 Total 2022 Slaff costs Premises Communicalions and IT General office Govemance cosls 100,809 11,347 5,520 19,976 13.523 100.809 11,347 5,520 19,976 13.523 89,684 12,950 3,744 21,921 14,423 151,175 151,175 142,722 23
Ballynafeigh Community Development Association Company Limited by Guarantee Notes to the Financial Statements {¢4)ntfftu•dJ Year ended 31 March 2023 11. Net Income Nel Incorne bs slated aftei chargingl(¢rediting): 2023 2022 Depreciatlon of tsngible fixed assets Fees payable for the audil of the financial statements 14.1)06 8.336 14,423 8.149 12. Slaff costs The total siaff costs and employee benefits for the reporting period are analysed as follows: 2023 2022 Wages and salaries Social security costs Employer conlribulions to pension plans Other employee benefits 221.019 13,873 14.166 202,553 11,553 17,44S 20.000 249,058 251.551 The aver8ge head counl of employees durlng the year was 10 (2022: 9). No employee received employee benefits of more Ihan £60,000 durlng the year (2022.. Nil). Key Management Personnel Key management personnel Snclude all persons that have author5ty and responsibility for planning, directlng and controlling ihe activitles of the charity. The tolal compensation paid lo key managemeni personnel for services provided to the charity was £49,432 (2022:£54,764). 13. Truste¢ remuneration and •xpens¢$ The tharlty trusiéès wére not Paid or recèived any other benefits from employmant wlth tha Charity in Ihe year12022: £NII). The trustee8 were rK)I reimbursed travel expenses during the year {2022'. £Nil). No charity trustee rececived payment for professional or other services supplied lo the charity12022.' £Nil>. 24
Ballynafeigh Community Development Association Company Limited by Guarantee Notes to the Flnancial Statements (¢ontlnu•d) Year ended 31 March 2023 14. Tangible fixed assets Freehold Flxtufes and propeny flttings Total Cost At 1 April 2022 and 31 March 2023 Depreclallon Al 1 April 2022 Charge for the year At 31 March 2023 423,218 70,033 493,251 59.728 8.464 35.075 5.542 94.803 14.006 68,192 40,617 108.809 Carrylng amount At 31 March 2023 355.026 363,490 29.416 34,958 384.442 398.448 Al 31 March 2022 15. Debtors 2023 2022 Trade deblors Prepayments and accwed income 18,146 24,607 7.560 24.063 42,753 31.623 16. Creditors: amounts falling due withln one year 2023 2022 Trade creditors Accnjals and deferred Income Social security and other laxes 7,657 10,675 7,133 12.068 23,642 4.891 25,465 40,601 17. P•nslons and other post retirement benefits Defined conlrlbutlon plans The amunl recognised in incTre or expenditure as an expense in relation io defined coniribulion plans was £14,166 {2022: £17,445). 25
Ballynafeigh Community Development Association Company Limited by Guarantee Notes to the Financial Statements fcontlnu•dJ Year ended 31 March 2023 18. Analysis of charitable funds Unreslrlcted funds At 1 Aprll 2022 At 31 March 2023 Income Expenditure Translers General funds Revaluation Reserve Front Door Project 346.345 63.266 117.305 101.841 (56,787) (8,698) 382,701 63.266 114.755 (2,550) (59,337) 526.916 101,841 {8,698) 560.722 At 1 April 2021 At 31 March 2022 Income Expendllure Transfers General funds Revalualion Reser48 Front Door Project 359,303 63.266 117.305 87,259 (99,029) (1,188) 346.345 63.266 117.305 S39,874 87,259 (99.029) (1.188) 526.916 The exp8ndilure relating to th8 Front Door Projecl of £2,550 relates to d8preclation of a capit81 asset, Th8 remaining balance represents the asS81's net book value. Rostrlcted funds At 1 April 2022 Al 31 March 2023 Income Expenditure Transfers Crescent 3 year old programme Advlce Development Community Community Investment Fund (OFC) Shared Neighbourhood Health and Wellbeing Summer Programme Mind heallh lile coachlng Child Developrnent Volunteer Developrnent Youth Club Seniors Programme Covid Community Support Groundwork Alpha Outside Building Refurbishments Communications Rank Foundation Belfast City of Sanctuary 1,700 (6,723) 5.023 194,852 {190,824> 4,028 5,786 13,236 13,115 66,987 11,964 53,703 (65,5301 (15,950) <59,932) 7,243 9,250 6.886 3.136 38,724 (41,860) 9.000 902 410 9,000 {9021 (410) 8.000 1,096 2.930 (9.937) (4,430> 1.500 3.026 6,200 (9,226) 34.000 33.603 (18,570) (34,937> (459,231) 15.430 1,334 56.611 445.759 8.6S8 51,837 26
Ballynafeigh Community Development Association Company Llmlted by Guarantee Notes to the Financial Statements (¢ondnu•d) Year ended 31 March 2023 18. Analysis ol charitable funds (¢ontlnu•dJ At 1 April 2021 At 31 March 2022 Incorne Expenditure Transfers Crescent 3 year old programme Advice Development Community Community Investrnent Fund (DFC) Shared Neighbourhood Health and Wellbeing Summer Prograrnme Mind health life coachlng Chlld Developmenl Volunteer Developmenl Youth Club Seniors Pro9r8mme Covld Comrnunty Support Groundwo Alpha Outside Building Relufblshments Communications Rank Foundation Belfast City of Sancluary 1,700 (2,888) 1.188 40 237.886 (237.926) 1,323 232 2,058 345 15 1,946 63.153 18,780 52,647 (58,690) (5,776) (41,590) {345) {34,993) (1,946) 5,786 13,236 13.115 38.114 3,136 9.000 9,000 902 410 1,657 1,000 (755) (590) 3,318 26.840 7,000 (22,158) (7.000) 8,000 11,746 (8.720) 3,026 11,934 466,866 (423.377) 1,188 56,611 27
Ballynafeigh Community Development Association Company Llmlted by Guarantee Notes to the Financial Statements (¢ontlnued) Year ended 31 March 2023 19. Analysls of net ass•ts b•iw••n funds Unrestrlcied Funds Reslrlcted Total Funds Funds 2023 Tanglble fixed assets Currenl assets Credltors less than 1 year Net assets 384,442 201,745 (25,465} 560,722 384.442 253.582 {25.465) 612.559 51,837 51.837 Unrestricled Funds Restricted Total Funds Funds 2022 Tanglble fixed assets Current assets Creditors less than 1 year Net as8et8 398,448 169,069 (40,6011 526,916 398,448 225,680 (40,601) 583,527 56,611 58,611 20. Carporatlon laxatlon The Charity's activities fall withSn the exempiions afforded by Ihe provisions of Ihe Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts. 21. Related partlos In the 202212023 year, there were payments lo an IT company of £48 per month lor web hosllng and maintenance in which a board member is ihe director. 28