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 Cha￿ty 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 y￿th 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 collaborat￿Tr betrween groups and organisalions. The focu8 on group dave￿pment 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 ses￿On$ 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 seS￿onS 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 Res￿entS 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 ac￿ntabilIty. 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 acC￿nL9b1e 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 Ma￿h 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 a￿1 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 DeVelO￿ent 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 requ1￿MentS 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 p￿Pared 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 (¢ontIn￿OI) 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 rnIt￿at¢ risks of fraud or nonn 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 subsses. 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 aC￿rdInglY. 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 Contr1t￿tIOn 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 UnWir￿1rwj 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• Un￿strICted 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 inc￿Tre 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