COMPANY REGISTRATION NUMBER: N1607232 CHARITY REGISTRATION NUMBER: NIC102248 Ballynafeigh Community Development Association Company Llmited by Guarantee Financial Statements 31 March 2024 Finegan Gibson Ltd Chartered accountsnts & ststutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN
Ballynafeigh Community Development Association Company Llmlted by Guarantee Flnancial Statsments Year ended 31 March 2024 Page Trustees, annual report (incorporating the directorfs report) Independent auditorfs report to the members 10 Statement of financial activities (including income and expenditure ac¢J)unt) 15 Statement of financial posilion 16 ststement of cash flows 17 Notes to the financial ststements 18 The following pages do not fonm part of the financial statements Detailed statement of financial activities 30 Notes to the detsiled ststement of financial activities 31
Ballynafelgh Community Development Assoclatlon Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2024 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 2024. Reference and admlnistratlve detalls Reglstered charlty name Ballynafeigh Communty Development ASs(latIon Charlty reglstratlon number NIC102248 Company registration number N1607232 Prlnclpal offic• and registered 283 Ormeau Rd offico Beffast BTI 3GG The trustees Peter O'Roue (Jolnt InterlnFChalrperson) David Hines Stephen Owen Atkinson Kieran Lynch Clive Jones Elizabeth Tiemey (freasurer) Emer Mary O'Nelll {Reslgned 31 January 2024) Chris O'Halloran (Joint Interim£hairperson) Auditor Finegan Gibson Ltd Chartered accountants & statsrtory auditor CausevRy Tower 9 JaThs Street South Beffast BT2 8DN Bankers Ulster Bank 36&369 Omieau Road Belfast 8T7 3GP Sollcltors E&L Kennedy SolicAtors Imperial Building 72 High Street Betfast BT12BE
Ballynafelgh Communlty Development Association Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (¢onthiu Year ended 31 March 2024 structure. govemance and management Goveming Document Ballynafeigh Communty Development AS)ciation is a company limited by guarantee governed by its Memorandum and Artides of Associalion dated 11th Juty 2011. Ballynafeigh Community Development Assoaation is a registered charity with th8 Charity Commission for Northem Ireland. Appolntsnent of trvstees The Chaiman and the Trustees recruit and seled new Trustees as needed. New Trustees are recruÈted on the relevance of their professional skills. and their potentbal to be able to make a helpful contribution to the governance of the charity. A8 part of the recruitment process. they are made aware of a Trustees. legal obligations under charity and company law. th8 content of the Memorandum and Arbcles of Association. the commrttee and decision-making prOSses. the business plan and recent financial perfonnance of the chaiity. Once the potential new Trustee has agreed to be consldered for appolntment to the role. the Trustees meet to review and to vote on the candidates, sultabllty for appolntrnent. If there Is unanlmous agreement. their names are then proFwd for appointment, to the voting Members of the Company at the nexi Annual General Meeting. Relatlonshlps wlth relatedpartles None of our Irustees re8 remuneration ry other benefft from thelr work wlth the charfty. Risk management The trustees have a risk management strategy wthich comprises: an annual review of the princlpal rlsks and unrtaIntieS that the tharity faces; the establishment of polides. systems and procedures to mikngate those risks identified in the annual review: and the implem8ntatK)n of procedures designed to mlnlmise or manage any potential Impact on the charity should those risks materialise.
Ballynafeigh Community Development Associatlon Company Llmlted by Guarantse Trustees. Annual Report (Incorporating the Directorfs Report) (contkn Year ended 31 March 2024 Objectlves and activltles Objectlves and Activltles BCDA'S Charity Objectives (objects) a to promote the benefft of the inhabitants of Bal]ynafetgh and its environs (the 'Area of Benefrt) wtlhout distinctK)n of sex. sexual orientation. age. race. ethnicity, or politscal. religious. or other opinion. by associating wtth voluntary and community organtsations. statutory agencies and inhabitants. in a common effort to: (a) Advance communty development by providing resources, facilitates. amenities. support. and information community and voluntary groups and organisations and encouraging and assisting such organisations to cooperate to achieve their aims; (b) Promote shared neighbourhood. good relations, and equty arKI diversity: (c) Advance education and: (d) To develop th8 capacty and skllls of residents of the area of benefft. an area of soclal arKI economic disadvantsge. in such a way that they ar8 better able to Klentify and help meet thelr needs and to participate more fully in society; (e) Relieve those in need by reason of youth. age, ill health, disabilty. financial hardshlp or other dlsadvantsge; and (Q Promte such other charitable 1)rkS as may from time to Ilme be detemined. In shaplng our Objectives for the year and planning our actlvliles, the trustees have considered the Charity Commisslon's guldance on public benefit.
Ballynafelgh Community Development Association Company Limited by Guarantee Trustees. Annual Report (Incorpordting the Directorfs Report) (conthu Year ended 31 March 2024 Achievements and perforniance BCDA delivered ts vision of neighbourlM)od and society by successfuliy resourcing and delivering ts projects and programmes. "Our vlslon is of a vibrant n8hbOurhood, wlth a generous spirit supported by a dynamic communty associab'on which acts as a calawt for change and development." By directly targeting need through b8spok8 projects that supwt individuals and supporting th8 development and capacibes of user groups and partners. we generate a social fabric in tha neighbourhood that is resili8nt and indusNe. BCDA both generates this development and equips groups and individuals to be adaptive in the face of change. We achieve this by acting as a resource for action. providing physical space ft)r the autonomous development of groups and developmentsl support for our partner proje(*s. In the year 2023 to 2024, supported 224 groups. To understand and map the impacts of our work we organise our angagement at three T8vels'. Leve11 {102 in 2023-2024). space for groups to plan and deliver. Level 2 (67 in 2023-2024). groups parti(apate or gain benefrt and empowemient from our projects and programmes. Level 3 (55 in 2023-2024), BCDA acts as the pivot for collaboration betsveen groups and organisations. Groups have a spaGe. in whlch they are supported at the18V81 that they r8quire, to to develop their autonomy and capacities and to address the issues that they identfy as crucial. This purpose embodies a founding and fundamentsl principle upon which BCDA develops all of its work. The organisation is a resource for groups arKI agendes to learn from and to develop autonomy. BCDA hold its own independene£ arKI autonomy to be a central tenet of its existence and, from this, encourages and enhances the autonomy and Independence of others. The organlsafjon has been (xucial for groups to plan and deliver thelr own programs and events. BCDA Is an active agent in promoting this posiiive development and consciously maps its input into the dev8lopment of groups through ts user group matrix. Thls ts essentially an impact audit system with three levels of engagement between groups and the organisation. Lev811 is the most baslc level of engag8ment with BCDA providing resources such as this facilitating access. Level 11 is where the organisation dlrectty delivers a spectfic or service to the d8V8loping group. An example of this, is vthere a project will support group to develop a progrdmme or to access resources to delN8r a programme. Level 111 is a collatK)rative level where BCDA these facilitles partnership working to mMIse the impact of groups and organisations work The shared vnrkspace is now fully accessib18 to the public ar is a multi-purpose space used in variety of ways: As the Belfast offi(x for Migrant Centre Nl. As an event space for Betfast. Cty of Sanctuary (Youth Group and After Schools Group) As a meeting venue for a varW of User groups such as faith-based groups and interest group {l.e. Corymeela). The focus on group development and collaboration is matched by our support for individuals and families. Our Advi Team delivered an average of 25 advice sessions per week across 11 venues in South Belfast. We supported 2347 indtviduals and recovered £1.576.411 in benefrt payments for these dients. This has had a huge impact of the qualty of life of these people. particularly in the current econom dimate where the cost of living is increasing. and incomes are static or decreasing in real terms. There is a real crisis for people that we address. Our Health & Social Wellbeing Team delivered a wide range of programmes:
Ballynafeigh Community Development Association Company Limitsd by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (eontknJ Year ended 31 March 2024 Seniors Arts and Crafts Wellbeing Drop-in Chair Based Yoga Men's Health Fair Fitness classes Men's Shed Summer Outings Nutritional Education The Health & Wellbeing Team also collaborated with other groups and agencies in South Belfast: Engage with age, Clanmill Housing, Radius Housing. Belfast Cty Council. Forward South Partnership, Open Omeau. Annadale Communty Centre South Belfast Sure StsrL Forge Integrated Primary School, Rosetta Primary School and Taughmonagh Prknary School to deliver South Belfast wide health and social wellbelng initiatives. BCDA has broad developmental nelworks and (x>nnections a(xoss the sector. developlng and delivering significant projects and initi'atFves in llabOratIVe partnerships with ststutory and communty sector agencies. BCDA openty shares its practice and seeks to take a broad co-destgn approach to shaping policy. BCDA leads andlor supports a number of sectoral n81works and partnerships. Ballynafeigh & Taughmonagh Health & Wellbeing Partnership South Belfast Mental Health Hub and the Public Health Agency. South Belfast ace Consortlum (South Clty Resource & Development Centre. Advlce Space Belfast. BCDA as Lead Partner). BCDA & Surestsrt Childcare Partnership. Migrant Centre Nl & BCDA Partnership. Belfast, Cty of Sanctuary. Belfast Advice Group (BAG) BAG advocates on behaff of the iwenty advi servlces across the cty. Eleven Advice Outreach Centres: Momington Communty Project, Lower Ormeau ResKlents' Action Group. Annadale and Haywood Residents Assooation. Donegall Pass Cornmunty Forum. Markets Development Association. Sandy Row Community Centre, Taughmonagh Community Forum, Morton Cornmunity Centre, Women's Aid, Belvoir and Miljfield Hub, Cregagh Communlty Centre. Core seNices continue at BCD Our organisation seeks to have a thaty defined inpui into partnership organisations enLx>uraging aLrtonomy. building strength and sound processes for governance and accountabilty. These interorganisational processes encourage openness and accountability while promoting both independence and interdependence. BCDA'S approach maximises the impact of limited resources by 81iminating duplication. encouraging networks to de8pen reach into communities in need and build constructNe relationships across the sector and between the sector. government and statutory agencies. BCDA achieves thesa complex and wid8-ranging outcomes. with tighdy focused resources in challenging circumstan. because of a combination of a dedicat8d team of staff and volunteers and crucialty. a dedicated Board committed to excellence in governan. We are compliant with our obligations under both Charity and Company Law and are a publicty accountsble entity.
Ballynafeigh Community Development Association Company Limited by Guarantse Trustees. Annual Report (Incorporating the Directorfs Report) (Gonthwdj Year ended 31 March 2024 Achlevements and perforniance (Gmtinuv Finance & Fund Ralslng BCDA maintained and expanded ils funding base to tmet the needs of the neighbourhood and the sector. 1. Resourcing the core functions of the organisation and sustain the building as a hub for capacity building and communty developmenL" BCC Capacity Building grant Department for Communitses CIF 2. Annual funding to develop and deliver long-standing projects to address perennial need in our communities: BCC South Be5t Advice Partnership PHA Health & Wellbeing 3. New Funding to address new and emerging needs In our communttles: Rank Foundation Belfast Trust Talklng Theraples BCC Small grants Forward South Pathershlp CFNI Aiong w5th our Income from fund raisiNJ. our activities generated unrestricted income to support the: Running of the organisation Income from Partner Organisations R8sourc8 income from room hirelvenue hire Donations
Ballynafeigh Communlty Development Association Company Llmitad by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (knu Year ended 31 March 2024 Flnancial rnvlew The net incoming resources for 202W2024 were £17,247 (2023: £29.032). Total reserves at the year*nd amounted to £629,806. Reserves pollcy and going concwn Reserves are ne8ded to bridge the timing gap between spending and receNing of inc(xne and to cover unplanned temporary shortfalb in incom8 should they artse. Holding adequate reserves safeguards the provision of our semces in the v4ent of unexpected signfficar)t financial pressures. The trustees consider that the ideal level of reserles would be between the to six months expenditure which for the year ended 31 March 2024 would b8 beiween £129.591 and £259.182. Unrestricted reserves freely available to spend, therefore excluding fixgj assets, restricted reserves and designated reserves amounted to £225,745 which is within the Ideal target level. The trustees belleve this represents a sufficient level of reserve to ensure that the going concern assumption Is appropriats. Pnnclpal fvndlng sources Th8 main funding bodles that support BCDA are- BeFtast Cty CouncFI (BCC) Public Health Agency (PHA) Department for Communitles (DfC} Belfast Health & Social Care Trust (BHSCn Plans for futurn riOdS Flnances and Fundraising Th8 board has a strong and definite plan to sustain current funding and fundralslng Into the next financial year ensurlng sustainabilty of exlstlng projects and seNices. development of new work in response to emerging need and bolstering and expanding of reseNes as appropriate. This will be achieved by a combination of sustsining project based and core funding and seeking new opportunities for both. The board are also developing plans for unrestricted income generation based on use of existing organiSatal assets and pursuing income diversification opportunities. The aftermath of the pandemic. Ihe emerging 'cost of living. crisis and the consequent squeeze on public finances presents a signtficant challenge for BCDA going forward. This. coupled with a marked reduction in resou income because of rOdud use of the building during the pandemic. requires new approaches to sustaining our Work. BCDA will be expanding opportunities for groups and individuals to use resources in the building. induding the newly renovated Spa on the top floor: this will enhance the level of support available to the neighbourhood in temis of spaces to work. m88t and innovate. It will also contribute to the building of financial reserves enabling the Board to sustain and develop BCD
Ballynafeigh Community Development Associatlon Company Llmlted by Guarantse Trustees. Annual Report (Incorpornting the Directorfs Report) (eMthu} Year ended 31 March 2024 Trustees. responslbllltles statement The trustees. who are also directors for the purposes of company law. are responsible for preparing the trustees. report and the financial statements in ac(x)rdance with applicable law and United Kingdom Accounting Standards (United Kingdom General Accepted AccA)unting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a tNe and fair view of the state of affairs of the charitable company and the incoming reSoUrS and application of resources. including the income and expenditure. for that period. In preparing these financial statements. the trustees are required to: select suitsble accounting policies and then appty them consislenty: observe the methods and prlnclples in the applicabla Charil£s SORP. make judgments and accounllng esllmates that ar8 reasonable and prudent. prepare the financial stalements on the going concern basis unless It ts Inappropriate to presume that the charity will continue in busSness. The trustees are responsib18 for keeping adequate accounling re(x)rds that are suffiaent to show and explain the charivs transactions and dlsclose with reasonable accuracy at any time th8 financial posltlon of the charity and enable them to ensure that the financlal statements comply with the Companies Act 2006. They are also responsible for safeguardlng the ass8ts of the charlty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Audltor Each of the persons who is a trustee at the date of approval of this report cOnfiM thaL" so far as th8y are aware, there Is no relevant audit infomiation of whlch the charivs audiior is unaware; and they have taken all steps that Ihey ought to have taken as a lJustee to make themselves aware of any relevant audit infomation and to establish that the chantys auditor is aware of that information. Small company provlslons This report has been prepared in accordance with tha provisions applicxble to companies entitled to the small companies. exemption. The trnstees, annual report was approved on .... trustees by: .11 1.4....... and signed on behalf of the boarij of Chris O'Halloran Joint Interim-chairperson
Ballynafelgh Community Development Assoclatlon Company Limited by Guarantse Independent Auditorfs Report to the Members of Ballynafeigh Community Development Association Year ended 31 March 2024 Oplnlon We have audited the financial statements of Ballynafeigh Communty D8velopment Association (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial actlvities (including income arKJ 8xpendiiure aqxx)unt). statement of financial position. statement of cash flows and the related notes, induding a summary of significant accounting policies. The finanaal reporting framework that has been applied in their preparation is applicable law and United Ktngdom Accounting Standards, induding FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generalty Accepted Accounting Prackn). In our opinion the financial ststements: give a true and fair view of the state of the chariws affairs as at 31 March 2024 and of its incoming resources and application of resources, including ts income and expenditure. for the year then ended" have been propety prepared in accordance wlth United Kingdom Generally Aixepted Accountlng Practice. have been prepared in accordance wllh the requirements of the Companies Act 2006. Basis for oplnlon We conducted our audit in accordan with Intematlonal Stsndards on Auditing (UK) (ISAS (UK)) and applicable law. Our r8sponsibilities under those standards are furth8r desLYibed in the auditols responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financlal statements In the UK. including the FRC'S Ethical Standard. and the provisions available for small 8ntities, in the clrcumstances set out below. and we have fulfilled our other ethlcal responsibilities in accordanc8 With these requIrnents. We believe that the audit eviden(* we have obtalned is suffioent and appropriate to provide a basis for our opinÉon. AP8 Ethical Standard - Provisions avallal)le for small entities In common with many oth8r businesses of our size and nature we use our auditors to prepare and submtt retums to the tax authorities and assist with the preparation of the financial statements. Conclusions rnlatlng to golng concern In auditing the financial statements, we have concluded that the trustees. us8 of the going concern basis of accounting in the pparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that. indmdualty or collectiveiy. may cast signfficant doubt on the charitys ability to continue as a going concern for a period of at least twelve months from when th8 financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this r8tK)rt.
Ballynafeigh Communlty Development Association Company Limlted by Guarantse Independent AuditoVs Report to the Members of Ballynafeigh Community Development Association [¢tinUe Year ended 31 March 2024 Other inforniatlon The Other infomiation comprFses the inforniation included in the annual report, other than the financial statements and our auditorfs report th8reon. The trustees are responsible for the other infomation. Our opinion on the financial ststements does not cover the other infonnation and. except to the exient othepwise explicttly stated in our report, we do not express any fi)rm of assurance condusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other infomation and. in doing so. consider whether the other infomiation is materially inconsistent with the financial ststements. or our knowledge obtain8d in the aLKlit or otherwise appears to be materialtry misstated. If V identify such material inconsistencies or apparent material misststem8nts, w8 are required to detennine whether there is a material misstatement in the financial stataments or a material misstatement of the other information. If. based on the work we have performed, we wnclude that there is a material misslatement of this other infornption. we are requlred to port that facL We have nothing to report In thls regard. Oplnlons on other matt•rs prnscribed by the Companles Act 2006 In our opinion. based on the undertaken In the course of the audiL the Inf0MtIon given in th8 trustees, report for the Ilnanual year for which the financial ststements are prepared is (x>nsistsnt IMth the tlnanclal statements. and the trustses, report has been prepared in aC>rdance with applicable legal requirements. Matters on which we are requlred to report by exception In the light of the knowledge and urKlerstsnding of the charity arMJ ts envlronment obtained in the (x>urse of th8 audit. we have not Identified material misstatements in the trustees, report. We have nothing to report In respect of the following matters In relatlon to which the Companies Act 2006 requires us to report to you rf, in our opinion". adequate accounting records have nol been kept. or r8knrns adequats for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the accounling re(x)rds and retums. or certain disck)sures of trustees. nneration specified by law are not made: or we have not CeiVed all the inforniation and explanations we require for our audit." or the twstees were not entitled to prepare the financial ststemerts in accordance 1th the small companies. regime and tske advantage of the small companies. exemptions in preparing the directors, repx)rt and from the requirement to prepare a strategic report. 10
Ballynafeigh Community Development Assoclatlon Company Limited by Guarantee Independent AuditoVs Report to the Members of Baltynafeigh Community Development Association (¢onllnu#dJ Year ended 31 March 2024 Responsibilities of trustoes As explained more fully in the trustees. responsibilities statement. the trustees (who are also the 1CtorS for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a tnje and fair view. and for such internal control as the trustees determine is necessary to enable the preparat# of financial statements that are free from material misstatement. whether due to fraud or error. Our responsibilty is to audit and express an opinion on th8 financial statements in accordance with applicable law and Intemational Standards on Auditing (UK). Those standards require us to comply with the Financial Reporting Council's {FRQs) Ethical Standard for Auditors,. in the circumstances set out in note X to the financial staternents. In preparing the financial ststements. the trustees are responsible for assessing the charitys abilty to continua as a going concern. disdosing. as applicable, matters related to going concem and using the going concem basis of accounkn'ng unless the trustees either interKJ to liquidate the charity or to cease operations. or have no realistic attemative It to do so. 11
Ballynafeigh Communlty Development Associatlon Company Limlted by Guarantee Independent Auditorfs Report to the Members of Baltynafeigh Community Development Association (conttnued) Year ended 31 March 2024 Audltorfs responslbillties for the audlt of the financlal sLthments Our objectives are to obtain reasonable assurance about whether the financial statements as a who are free from material misstatemenL whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance ISA8 {UK) will always detect a material misstatement wh8n it exists. Misstatements can arise from fraud or error and are consided material rf, individually or in the aggregate. they could reasonably be expected to infiuenca the economic decisions of users laken on the basis of those financial statements. Irregularftles. Induding fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilitses. ouuined above. to detect material misstatements in respect of irregularities. including fraud. The extent to which our wocedures ar8 capable of detecting irregularibes, induding fraud Is detailed bek>w: In klentifying and assessing risks of material misstatement in respect of Irregularttles. Including fraud and non-c0mp1lan with laws and regulalions. we considered the following: The nature of the industy and sector, control environment and buslness perfomiance including the deslgn of the remuneration policles. key drivets for directors. remuneration. bonus levels and perfonnance targets. Results of our enquiries of management about their own idenlificalion and assessment of the risks of irregularltbs: Any matters we Identified having obtsined and revtewed documentation of thair policies and procedures relating to: Identifying, evaluating and comptying with laws and regulanS and whether management were aware of any instsnces of non-compliance: Detecting and responding to the risks of fraud and whether manag8m8nt have knowledge of any actual, suspected or alleged fraud. Th8 Intemal controls established to mibgate risks of fraud or non-o)mpliance with laws and regulations. The matters discussed among the audit engagement team indudlng slgnlficant component audit teams and relevant intemal specialists. including tax and valuations specialists regarding how and where fraud mlght oCr in the financial statements and ary potential indicators of fraud. As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identifjed the greatest FM)tential for fraud. In common with all audrts under ISAS (UK), we are also required to perft)rm speafic procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks in operation. focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disck)sures in the financial statements. The key laws and regulations we Considered in this context included ongoing Complian with the UK Companies Act and L2x leglslatlon. In addition. we fx>nsidered provisions of other laws and regulations that do not hava a direct effect on th8 financial stalements but compliance with which may be fundamental for their abilty to operate or to avoid a material penalty- 12
Ballynafeigh Communlty Development Association Company Limited by Guarantee Independent Auditorfs Report to the Members of Ballynafeigh Community Development Association Year ended 31 March 2024 As part of an audit in accordan with ISA8 (UK). we exercise professional judgment and maintain professional sptI¢l$M throughout lh8 audit. We also: Identrfy and assess the risks of material misststement of the financial statements. whether du8 to fraud or error. design and perfonn audit procedu respcmsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement Ulting from fraud is higher than for one resulting from 8rror, as fraud may involve collusion. forgery. int8ntional omissions, misrepresentations. or the override of intemal control. Obtain an understanding of intemal control r818vant to the audit In order to design audit procedures that are approlate in the circumstances. but not for the purpose of expressing an opinion on the effectneSS of the intemal control. Evaluate the appn)priateness of accounting policies used and the reasonableness of accountlng estimates and related disdosur8s made by the trustees. Conclude on the appropriateness of the trustees, use of going concem basis of accounting and. based on the audit eviden obtalned. whether a material uncertainty exists reIed to events or o)nditbons that may cast slgnificant doubt on th8 charitys ability to continue as a going concern. If we conclude that a materlal uncertainty exists, we are required to draw attention in our auditorfs report to the related dlsclosures in the financial statements or. rf such dlsclosures are inadequate. to modify our opinion. Our conclusions are based on the audit evldence obtained up to the date of our auditorfs report. However. future events or conditsons may cause the tha to cease to continue as a going concem. Evaluate the overall presentstion. structure and content of the financial ststements. induding the disclosures, and whether the financial ststements represent the underlylng transactions arKI everrts in a manner that achieves fair presentation. We communicate with those charged wrth govemance regarding. among other matters. the planned scope and timing of the audit and svJnificant audit findings. including any significant deficiencies in internal control that we identify during our audiL 13
Ballynafeigh Communlty Development Assoclation Company Llmlted by Guarantse Independent Auditorfs Report to the Members of Ballynafeigh Community Development Association (conttnu•dJ Year ended 31 March 2024 As explained more fully in the Trustees. Responsibilities Statement (set out on page 8). the trustee5 are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and Intemational Standards on Auditing (UK). Those standards require us to comply with the Financral Reporting Council's (FRC'S) Ethical Standard for Auditors,. in the clrcumstances set out in note 24 to the fjnan(aal statements. Use of our report This report is made solely to the charitys 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 might stste to the charitvs members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent pennitted by law. we do not accept or assume responsibility to anyone other than the charity and the charitys members as a body, for our audit vrk. for this report, or for the opinions we have fomiad. Paul Dolan FCA (Senior Statutory Auditor) For and on behalf of Fin8gan Gibson Ltd Chartered accountsnts & statutory audilor Causeway Tower 9 James Street South Belfast BT2 8DN 26 November 2024 14
Ballynafelgh Community Development Association Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Unrestricted Restricted funds funds Total funds Total funds 2023 Income and endowments Donations and legacies Charitable activities Other income 1.351 97.915 200 1.357 534,054 200 505 546,979 116 436,139 Total income 99.472 436.139 535.611 547,600 Expendlture Expenditure on charitable activities Total expendlture 54,176 464.188 518.364 518,568 54.176 464,188 518,364 518.568 Net incom• 45.296 (28.049) 17.247 29,032 Transfers between funds (5,988) 5.988 Net movement In funds 39,308 (22.061) 17.247 29,032 Roconclllatlon of funds Total funds brought forward Total funds carried forward 560,722 600,030 51,837 29,776 612.559 583,527 629,806 612,559 Th8 Statement of finandal activibes indudes all gains and losses recognÈsed in the year. Ail income and expenditure dertve from (x)ntinuing activities. The notss on pages 19 to 29 forni part of these financial statements. 15
Ballynafelgh Communlty Development Association Company Limitsd by Guarantee ststement of Financial Position 31 March 2024 2024 2023 Note Flxed assets Tangible fixed assets 14 374.285 384.442 Current assots Debtors Cash at bank and in hand 15 43.700 231.711 42,753 210.829 275.411 253.582 Cr•ditors: amounts falllng due wtthln one year Net current assets 16 19,890 255.521 25,465 228,117 Total assets less current Ilabllnle8 629.806 612,559 Net assets 629,806 612,559 Funds of the charlty Restrfcted funds Unr8strfcted funds 29.776 600.030 51.837 560,722 Total charlty funds 629,806 612,559 Thes8 financial statements have been prepared in aw)rdance wlth the provisions applicable to companies subject to the small companies. regime. These flnanclal statements were approved by the board of tTUStees and authorised for Issue on 26 November 2024. and are signed on behalf of the board by: Chris O'Halloran Joint InterimThChairperson Tho notos on pagm 19 to 29 forni of these flnanclal stat•monts. 16
Ballynafeigh Community Development Association Company Llmited by Guarantse Statement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows from operating actlvities Net income 17.247 29,032 Adjustments for. Depreciation of tsngible fixed assets Accrued expensesl(income) 13,706 1.069 14.006 {13.165) Changes in.. Trade and other debtors Trade and other creditors (2.687) (4.904) 24.431 {10,932) (2.169) 16.772 Cash generated from operations Net cash from operatlng activit5es 24.431 16.772 Cash flows from Inv•sting actlvltles Purchase of tanglble assets Proceeds from sale of tangible assets Net cash used in Investing activtties (4,853) 1.304 (3.549) Net Incrnase In cash and cash equlvalents Cash and cash equlval•nts at beglnnlng of year Cash and cash oqulvalents at end of year 20,882 210,829 231.711 16.772 194,057 210,829 The notss on pages 19 to 29 fomi part of thw financlal statements. 17
Ballynafeigh Community Development Assoclatlon Company Llmited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 Genoral Irbfornmtlon The charity is a public benefft entty arml a private company limited by guarantee. regISted in Northem Ireland and a registered charity in Northem Ireland. The address of the registered office is 283 Ormeau Rd, Belfast. Bf7 3GG. Statement of compllance These financial slatements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland.. the Statement of Recommended Practice applicable to Gharities preparing their accounts in accordan with the Financial Reporbng Standard applicable in the UK and Republic of Ireland (FRS 102) {Chartt SORP (FRS 102)) and the Charities Act (Northern Irelarml) 2008 and Companies Act 2006. Ballynafeigh Community Develoynent Association meets the definition of a public entity under FRS 102. Accountlng policies Basls of preparatlon The flnanclal ststem8nts have been prepared on the historical cost basls. as modified by the revaluatlon of certain financial assets and liabilities and investment propertles measured at falr value through income or expendlture. The financial statements are prepared in sterling, which Is the functional currency of th8 entity. Golng concom There are no material unrtaInlIeS about the charTWs abllty to continue. Judgements and key sources of estimatlon uncortalnty The preparab'on of the financial statements requires management to make judgements. estimates and assumptions that affect the amounts pOrted. These estimates and judgements are continualty reviewed and are based on experience and other factors. induding expectatK)ns of futur8 events that a believed to be reasonable under the circumstsnces. Fund a¢countlng Unrestricted fvnds are available for use at the discretion of the trustees to further any of the charitys purposes. Designated funds are unrestricled funds earmarked by the tnjstees for particular futu project or commitrnent. Restricted funds are subjected to restrictions on their expenditu declared by the donor or through the temis of an appeal, and fall into one of two sulAasses: restricw income funds or endowment furKIs. 18
Ballynafeigh Community Development Association Company Limited by Guarantse Notes to the Financial Statements (c¢¥U•dj Year ended 31 March 2024 Accounting policles (conttnwd) Incoming rosourcas All incoming resources are induded in the statement of financial activities when entitlement has passed to the charity: it is probable that the economic benefts associated with the transaction will flow to the charity and the amount can be reliably measured. The ft)Ilowing speafic policies are applied to particular (2tegories of income: income from donations or grants is recognised when the is evidence of entiuement to the gift. receipt rs probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entluement is established. income from donated gr$ is measured at the fair value of the g(x)ds unless this Is impractical to measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and serwces a recognised in the accounts when receNed rf the value can be reliably measured. No amounts are included for the contribution of general volunteers. Income from contracts for th8 suppty of services is recognised with the dellvery of the contracted service. This is dassified as unrestricted funds un18SS there is a contractual requirement for It to be spent on a particular purpose and retumed rf unspent in which case it may be regarded as restrictsd. Resources expended Exp8nditur8 is recognised on an accruals basis as a liability is incurred. Expendiiure includes any VAT which cannot be fully recovered. and is dassffied under headings of the statement of financial activities to whlch It relales: expenditu on raising funds indudes the costs of all fundraising actNities. events, non-charitable trading activities. and the sale of donated goods. expendlture on charitable activiknes includes all )Sts incurred by a charity In undertaklng activities that further its charitable airns for the benefit of its beneficiaries. including those support costs and costs relating to the governan of the charity apportK>ned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its exp8nditur8 on charitable actrvities. I costs are allocated to expendiiure categories refiecting th8 use of the resource. Direct costs attributable to a Sing activty a albcated directy to that actrvity. Shared costs are apportioned between the activities they contribute to on a reasonable. justifiable and consistent basis. 19
Ballynafeigh Community Development Association Company Limitsd by Guarantee Notes to the Flnancial Statsments {conthu•d) Year ended 31 March 2024 Accountlng policies (condnue Tanglble assets Tangible assets are initially recorded at cost. and subsequently ststed at cost 18ss any accurnulated depciall0n and impainnent losses. Any tangible assets carried at revalued amounts are recordad at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impaiment losses. An increase in the carrying amount of an asset as a result of a revaluation. is recognised in other recognised gains and losses. unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial aCtNIt$. A dacrease in the carrying amount of an asset as a resutt of revaluation, is recognised in other reo)gnised gains and losses, except to which it offsets any previous revaluation gain. in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Dopreclatlon Depreciation is calculated so as to wrlte off the cost or valuation of an a%seL less its resldual value. over the useful economic fe of that asset as follows: Freehold property Fixiures and fittings 2% straight line 15% reducing balanc8 Impalmwnt of ed ast$ A revlew for Indlcators of impainnent is carried Olrt at each reporting date. wlth the recoverable amount belng estimatsd wh8r8 such indiOrS exist. Where the carrylng value exceeds th8 recoverable amount, the asset is impaired acrdInglY. Prky impairments are also revlewed for possible reversal at each reporting date. For the purposes of impainnent lesting. when It Is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverabla amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest td8ntifiable group of assets that includes the asset and g8nerat8s cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goothwill, the goodwill acquired in a business combination is. from tha acquisition dale, allocated to each of the cash-generating units that are expected to benefrt from the synergies of the combination. irrespectpie of whether other assets or liabilities of the charty are assigned to those units. Defined contributlon plans Contributions to defined contributK)n plans are re(x)gnised as an expense in tha period in which tha related Servi is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reductK)n in future payments or a cash refund. 20
Ballynafeigh Community Development Assoclatlon Company Llmlted by Guarantse Notes to the Financial Statsments {¢Onth Year ended 31 March 2024 Accounllng pollcles (conttnfftdj Defined contrlbutlon plans (wthwd) When contributions are not expected to be settled wholty within 12 months of the end of the reporting date in which the employees nder the related servi. the liabilty is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Llmited by guarnntse Each of the members of the company has guaranteed to contribute to the assets of the company in the event of the same being wound up to the extent of £1. Donatlons and legacles Unrestricted Total Funds Unrestrlcted Totsl Funds Funds 2024 Funds 2023 Donations Donations 1.357 1.357 505 505 Charitable activities Unrestricted Funds Restricted Totsl Funds Funds 2024 Belfast Clty Coundl - BCDA Department for ComMunie$ Public H8alth Agency Belfast Health & Social Care Trust Resource Income Summer Scheme Fees Beast City Council - Project Partner income Groundwork Whitemountain Funding CFNI Income from Partnership Organisalions Rank Foundation 28,360 1.500 13.335 134.712 60,235 64.286 35.321 163.072 61,735 77,621 35.321 25.836 500 72.292 25,836 soo 72,292 28.884 39,178 29,615 68.062 29.615 97,915 436.139 534,054 21
Ballynafelgh Community Development Association Company Limitsd by Guarantee Notes to the Financial Statements {conthu•dJ Year ended 31 March 2024 Charitable actlvlties (c Unrestricted Restricted Total Funds Funds Funds 2023 BeKast Cty Council - BCDA Department for Communities Public Health Agency Belfast Health & Social Care Trusl Resource Income Summer Scheme Fees Belfast Cty Council - Partners Groundwork Whitemountsin Funding CFNI Income from Pariner5hip Organisations Rank Foundation 47,473 136.547 66,987 53,703 38,724 184.020 66.987 61.244 38.724 15,787 300 72,148 2,930 5,000 65.839 34.000 7.541 15.787 300 72.148 2.930 5,000 35.304 34.000 30.535 101.336 445.643 546.979 Other Incom• Unresfrricted Funds Reslricted Total Funds Funds 2024 Other income 21X) 200 Unrestrlcted Funds Restricted Totsl Funds Funds 2023 Other income 116 116 Expondfture on charltable activitsos by fund type Unrestricted FurKIs Restricted Totsl Funds Funds 2024 Communty development & pro[tion Support costs 14.319 39.857 353.170 111.018 367,489 150,875 518,364 54.176 464.188 Unrestricted Restricted Total Funds Funds Funds 2023 Communty development & promotion Support costs 8.971 50.366 358.422 100.809 367,393 151,175 59.337 459.231 518.568 22
Ballynafelgh Communlty Development Association Company Limited by Guarantee Notes to the Financial Ststements (conthtth Year ended 31 March 2024 Expenditure on charitabla activibes by activity typo Activitias undertaken directly Support costs Total funds 2024 Total fund 2023 Community development & promot#)n Govemance costs 367.489 137.620 13,255 150.875 505.109 13.255 505,045 13,523 367.489 518,364 518.568 10. Anatysis of support costs Analysis of support costs Total 2024 Totsl 2023 Stsff costs Premises Communtcations and IT General office Governance costs 97,894 11.685 4,567 23,474 13.255 97,894 11.685 4,567 23.474 13,255 150.875 100.809 11,347 5,520 19,976 13,523 150.875 151,175 11. Net income Net Income is stated after chargingl(uedTbng): 2024 2023 Depreciation of tangible fixed assets F88s payable for the audii of the financial ststem8nts 13.706 8,765 14.006 8,336 12. Staff costs The total staff costs and employee benefits for the rewling period are analysed as follows: 2024 2023 Wages and salaries Social security costs Employer contributions to pension plans 232.399 10.488 12.072 221.019 13.873 14,166 249,058 254.959 The average head count of employees during the year was 10 (2023: 10). The average number of full-time equivalent employees during the year is analysed as follows". 2024 2023 Permanent employees 10 10 No employee rered emptyee benefits of more than £60.OCK) during the year (2023: Nil). 23
Ballynafeigh Community Development Association Company Llmited by Guarantee Notes to the Financial Statements (eontthuodj Year ended 31 March 2024 12. Staff costs (conllnu6d) Key Management Personnel Key management personnel indud8 all persons that have authorty and responsibilty for planning, directing and controlling the activitFes of the charity. The total compensation paid to key management Personnel for services provided to the charity was £50.013 (2023: £49,432). 13. Trustee remuneration and •xpenses The charity trustees were not pad or recewed any other benefits from employment with the Charity in the year (2023: £Nil)- The trustees were not reimbursed travel expenses during the year (2023: £Nil). No charity twstee received payment for professional or other services supplied to the charity (2023: £Nil). 14. Tangible fixed assets Freehold Fixtures and property ffttings Total Cost At 1 April 2023 Additions Disposals At 31 March 2024 423,218 70.033 4.853 {2.630) 72.256 493.251 4.853 (2,630) 495.474 423,218 Depreclatlon At 1 Aprll 2023 CharJr e for the year Disposals At 31 March 2024 68,191 40,618 5,242 (1.326) 44.534 108.809 13.706 (1.326) 121,189 76.655 Carylng amount At 31 March 2024 346.563 27,722 374,285 At 31 March 2023 355.027 29.415 384.442 1 S. Debtors 2024 2023 Trade debtors Prepayments and accrued income 19,589 24,111 43,700 18,146 24,607 42.753 24
Ballynafeigh Community Development Association Company Limlted by Guarantee Notes to the Financlal Statements (Con0nl) Year ended 31 March 2024 16. Creditors: amounts falllng due wtthln on• year 2024 2023 Trade creditors Accruals and deferred income Social security and other taxes 5.576 10.004 4.310 7,657 10.675 7.133 19,890 25,465 17. Ponsions and other post retlrement benefits Defined contrlbullon plans The amount recognised in income or expendlture as an expense in relation tt) defined contribution plans was £12.072 {2023: £14,166). 18. Anatysis of charitable fvnds Unrnstrlcted funds At 31 March 202 1 Aprll 2023 Income Exp8nditur8 Transfers General funds Revaluation Reserrfe Front Door Project 382,701 63.266 114.755 99.472 (51.626) (5,988) 424,559 63.266 112,205 600,030 (2.550) (54.176) 560.722 99.472 (5,988) At 31 March 202 1 April 2022 Income Expenditure Transfers 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 The expenditure relating to the Front Door Project of £2,550 relates to depreciation of a capital asseL The remaining balance represents the assefs net book value. 25
Ballynafeigh Communlty Development Association Company Limlted by Guarantee Notes to the Flnancial Statements (et)ntht Year ended 31 March 2024 18. Analysls of charitable funds {condnw Restrlcted funds At J1 March 202 1 April 2023 Income Expenditur8 Transfers CresGent 3 year old programme Advice Development Community Community Investmenl Fund {DFC) Shared Neighbourhood Health and Wellbeing Mind health life coaching Volunteer Development Youth Club Senlors Progr8mme Covkl Community Support Groundwork Apha Outside Building Refurbishments Communlcatlons Rank Foundatlon Belfast Cty of Sanctuary Summer Scheme 1.700 (5.840) 4.140 4.028 197.293 (203,131) 1,810 7,243 9.250 60.235 7.211 64,286 35,321 (63.120) (14.474) (71.172) (35.338) (9.000) 4,358 1.987 17 9.000 15.430 29.615 37.478 (27.358) (31,734) (3.021) (464,188) 17,687 5.744 21 51.837 436.139 5,988 29.776 31 March 202 1 *)rll 2022 In(x)me Exp8nditure Transfers Crescent 3 year old programme Advice Development Communty Communty Inv8Stment Fund (DFC) Shared Neighbourhood Health and Wellbeing 1,700 (6,723) 5.023 194.852 (190.824) 4.028 5.786 13.236 13.115 66.987 11,964 53.703 (65,530) {15,950) (59,932) 7.243 9.250 6,886 26
Ballynafeigh Communlty Development Assoclatlon Company Limited by Guarantee Notes to the Financial Statements (¢ontht*d) Year ended 31 March 2024 18. Anatysls of charitable funds {GonUnu• Mind health lrfe coaching Volunteer Development Youth Club Seniors Programme Comd Communty Support Groundwork Alpha Outside Building Refurbishments Communications Rank Foundation Belfast Cty of Sanctuary Summer Scheme 3.136 38.724 (41.860) 9,000 902 410 (902) (410) 1.096 2,930 (9.937) (4.430} 1,500 3.026 6.200 (9.226) (18,570) (34,937) 15.430 33.603 1.334 56.611 445,759 (459.231) 8,698 51,837 19. Anatysls of net assets twO•n funds Unreslrfcted Restricted Total Funds Funds Funds 2024 Tangible red assets Current assets Cr8ditors less than 1 year Not assets 374,285 252.459 (19.890) 374.285 275.411 (19.890) 629,806 22,952 22.952 Unrestricted Restricted Total Funds Funds Funds 2023 Tangible fixed assets Current assets Creditors 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 20. Corporation laxatlon The Charitys actswtss fall within the exemptions afftKded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly. the is no taxation charge in these accounts. The Company is a registered charity. and as such ts entitled to tax exemptions on income and proffts in furtherance of the charitys primary objectives. 27
Ballynafeigh Communlty Development Association Company Limlted by Guarantee Notes to the Flnancial Statements (¢onthwd) Year ended 31 March 2024 21. Analysls of changes in net debt At At 1 Apr 2023 Cash flows 31 Mar 2024 Cash at bank and in hand 210.829 20.882 231,711 22. Conting•ncles A contingent liabilty exists to paY grants and Trust monies received should certain conditions not be fvifilled by the charity. In the opinion of the Trustees. the tern of the Letters of Offers have been. or will be. complied wilh and no liability is expected. 23. Relatsd partles In the 202312024 year. there were Panents to an IT company of £48 per month for web hostlng and malntenance in which a board member is the director. 24. Ethlcal standards In common with many other Ixtsinesses of our size and nature we use our audttors to prepare and submit returns to the lax authorities and assist wlth the preparation of th8 financlal statements. 28
Ballynafeigh Communlty Development Associatlon Company Limited by Guarantee Management Infonnation Year ended 31 March 2024 The followlng pages do not ft>mi part of the flnanclal statements. 29
Ballynafeigh Community Development Association Company Llmlted by Guarantee Detailed Statement of Financial Actlvlties Year ended 31 March 2024 2024 2023 Income and endowments Donatlons and 16gacles Donations 1.357 Charltable activltles Beast Cty Council - BCDA Department for Communiti'es Public Health Agency Beffast Health & Social Care Trust Resource Income Summer Scheme Fees Belfast City Council - Project Partner income Groundwork Whltemountain Funding CFNI Income frorn Parthership Organisations Rank Foundation 163.072 61.735 77,621 35.321 25,836 500 72.292 184.020 66,987 61,244 38.724 15.787 300 72.148 2.930 5.000 65,839 34.000 68.062 29.615 534,054 546,979 other Income Other inwme 200 116 Total income 535,611 547,600 30
Legal Services Belfast City Council Our Ref.. 1 CNJ09692 CPB Your Ref: 27th November 2024 Ballynafeigh Community Development Association 283 Ormeau Road Belfast BT7 3GG Dear Sirs Re: Partnership Agreement with Belfast City Council- Generalist advice funding October 2025- March 2025 I refer to the above named matter and confimi that I have been asked to draft the formal partnership agreement on behalf of the Council and now endose same herewith in duplicate for your attention. I would kindly ask that you arrange to have the agreements signed by a director of the company where indicated. Please note that the directorfs signature should be witnessed by an independent person who should also sign, as well as print their name, address and occupation where indicated. I would also ask that you arrange to have the agreements executed by the delivery partners as indicated at Annex B. Once you have done this I would kindly ask that you arrange to have the agreements returned to me at Belfast City Council, Legal Services Department, 9 Adelaide Street, Belfast, BT2 8DJ so that I might arrange sealing on behalf of the Council. I trust this to be in order. Should you have any queries please do not hesitate to contact me on 028 90 320202 ext 6048. Yours Faithfully qe f a,&1 Conor Bayne Solicitor CB Encs Belfast City Council, Legal and Civic Services Department City Hall, Belfast BT15GS Tel: 028 9032 0202 Textphone: 028 9027 0405 Dx No.: 383 NR Belfast Email: legalserrfices@belfastcity.gov.uk Lexcel www.belfastcity.gov.uk
Ballynafeigh Community Development Assoclatlon Company Limited by Guarantee Notes to the Detailed Ststement of Financial Activities Year ended 31 March 2024 2024 2023 Expendlture on charitable activities Communlty development & promotlon Activities undertaken direcrfy Equipment & consumables Salaries & wag8S Employevs NIC Pension costs Casual Wages Water rates Light & heat Repairs & mainterkqnce Insurance Subscriptions & licenses staff travel Telephone Advertising & marketing staff training Programme costs Payment to partner organisatk)ns-BCC Payment to other organisations- Olher Intemet & IT Printing. postage & stationary Repayment of grants Bad debt 1.672 141.763 5,139 10.163 936 134,822 6,798 6,629 28.617 1,306 11.678 14.801 9.214 4.677 1,063 2,157 505 1.373 65,793 72,148 10,114 5,220 8.340 5.521 1.277 3.046 1,379 1,316 77,565 72.292 3.000 1,521 1,883 15,291 121 3,362 1,514 367.489 367,393 Support costs Salari8s & wages Employerfs NIC Pension costs Water rates Light & h8at Repairs & maintsnance Telephone Depreciation Loss on disposal of asset Intemet & IT Printing, postsge & stationary Cl8aning Hospitalty 90,636 5,349 1.909 371 4.334 6.980 3,046 13.706 86,197 7.075 7,537 5,005 6,343 2.158 14,006 1,521 807 7,222 435 3.362 649 5.107 213 137.620 137.652 31
Ballynafeigh Community Development Association Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities (¢oAdnu• Year ended 31 March 2024 2024 2023 Govemance costs Govemance costs - accountancy fees Audit and accountsnGy fees Govemance (x)sts - legal and other professional fees Bank charges 1.899 8.765 2.063 528 1,718 8.336 3.061 408 13,255 13.523 Expenditur• on charitable actmties 518,364 518,568 Net income 17.247 29.032 32