COMPANY REGISTRATION NUMBER: N1607232 CHARITY REGISTRATION NUMBER: NIC102248 Ballynafeigh Community Development Association Company Limited by Guarantee Financial Statements 31 March 2025 Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN
Ballynafeigh Community Development Association Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the director's report) Independent auditor's report to the members Statement of financial activities (including income and expenditure account) 15 Statement of financial position 16 Statement of cash flows 17 Notes to the financial statements 18 The following pages do not form part of the financial ststements Detailed statement of financial activities 30 Notes to the detailed statement of financial activities 31
Ballynafeigh Community Development Association Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2025 The trustees, who are also the directors for the purposes of company law, present their report and the financial slatements of the charity for the year ended 31 March 2025. Reference and administrative details Registered charity name Ballynafeigh Community Development Association Charity registration number NIC102248 Company registratlon number N1607232 Principal office and registered 283 Ormeau Rd office Belfast BT7 3GG The trustees Peler O'Rourke (Joint Interim Chairperson) David Hines Stephen Owen Atkinson Kieran Lynch Clive Jones Elizabeth Tierney (Treasurer) Chris O'Halloran (Joint Interim Chairperson} Audltor Finegan Gibson Lld Chartered accountants & stalutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN Bankers Ulster Bank 365-369 Ormeau Road Belfast BT7 3GP Solicitors E&L Kennedy Solicitors Imperial Building 72 High Street Belfasl BT12BE
Ballynafeigh Community Development Association Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continu8dJ Year ended 31 March 2025 structure, governance and management Governing Document Ballynafeigh Communily Development Association is a company limited by guarante8 governed by its Memorandum and Arlicles of Association dated 11th July 2011. Ballynafeigh Community Development Association is a registered charity with the Charity Commission for Northern Ireland. Appointment of trustses The Chairman and the Trustees recruit and selecl new Trustees as needed. New Trustees are recruited on the relevance of Iheir professional skills, and their potential to be able lo make a helpful conlribution lo the governance of the charity. As part of the recruilmeni process they are made aware of a Trustees, legal obligations under charity and company Saw, the conlenl of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recerbt financial performance of the charily. Once the potential new Trustee has agreed to be considered for appointment to the role, Ihe Trustees meet to review and to vote on the candidates. suitability for appointment. If there is unanimous agreement, their names are then proposed for appointment. to the voling Members of Ihe Company at the nexl Annual General Meeting. Relationships with related parties None of our trustees receive remuneration or other benefit from their work with the charity. Risk management The trustees have a risk management strategy which comprises.. an annual review of the principal risks and uncertainties that the charity faces. the establishmenl of policies, systems and procedures lo mitigate those risks identrfied in the annual review,. and the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.
Ballynafeigh Community Development Association Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢onlinuedJ Year ended 31 March 2025 Objectives and activities Objectives and Actlvities BCDA'S Charity Objectives lobjectsl are to promote the benefit of the inhabitants of Ballynafeigh and its environs (the 'Area of Benefit) without distinclion of sex, sexual orientation, age, race, ethnicity, or political, religious, or other opinion, by associating with voluntary and community organisations, statutory agencies and inhabilants, in a common effort to- (a) Advance community developrnent by providing resources, facilitates, amenities, support, and information community and voluntsry groups and organisalions and encouraging and assisting such organisations to cooperate to achieve Iheir aims., Ibl Promote shared neighbourhood. good relations, and equity and diversity., {cl Advance education and., {d) To develop the capacity and skills of residenls of the area of benefit, an area of social and economic disadvantage, in such a way thal they are belter able to idenlify and help meet their needs and to participate more fully in society-, le) Relieve those in need by reason of youth. age. ill health, disability, financial hardship or other disadvantage,. and (Q Promote such other charitable works as may from time to time be determined. In shaping our Objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit.
Ballynafeigh Community Development Association Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (conllnued) Year ended 31 March 2025 Achievements and performance BCDA delivered its vision of neighbourhood and society by successfully resourcing and delivering its projects and programmes. "Our vision is of a vibrant neighbourhood. with a generous spirit supported by a dynamic community association which acts as a catalyst for change and development." By directly targeting need through bespoke projects Ihat support individuals and supporting the development and capacities of user groups and partners. we generate a social fabric in the neighbourhood that is resilient and inclusive. BCDA both generates Ihis development and equips groups and individuals lo be adaptive in the face of change. We achieve this by acting as a resource for action, providing physical space for the autonomous development of groups and developmental support for our partner projects. In the year April 2024 to March 2025, we supported 180 groups. To understand and map the impacls of our work we organise our engagement at four "levels" Leve11 {761. space for groups to plan and deliver- Level 2 {34). groups parlicipate or gain benefit and empowerment from our projects and programmes., Level 3 (561 groups collaborate to achieve shared oulcomes, Level 4 (41 special developmental partnership wilh organisations. BCDA acts as the pivot for collaboration beeen groups and organisations. Groups have a space, in which they are supported at the level that they require, to develop their autonomy and capacities and to address the issues that they identify as crucial. This purpose embodies a founding and fundamental principle upon which BCDA develops all of its work. The organisation is a resource for groups and agencies to learn from and to develop autonomy. BCDA hold its own independence and autonomy to be a central lenet of its existence and. from this. encourages and enhances Ihe autonomy and independence of others. The organisalion has been crucial for groups to plan and deliver their own programs and events. BCDA is an active agent in promoting this positive development and consciously maps its input into the development of groups through its user group matrix. This is essentially an impact audit system wilh Ihree levels of engagement between groups and the organisalion. Level l is the most basic level of engagement with BCDA providing resources such as this facilitating access. Level 11 is where the organisation directly delivers a specific or Servi to the developing group. An example of this. is where a project will support group to develop a programme or to access resources to deliver a programme. Level 111 is a collaborative level where BCDA these facilities partnership working to maximise the impact of groups and organisations work. The shared workspace is now fully accessible to the public and is a multi-purpose space used in a variety of ways.. As Ihe Belfasl office for Migrant Centre Nl, As an event space for Belfasl, City of Sanctuary (Youth Group and After Schools Group) As a meeting venue for a variety of User groups such as faith-based groups and interest group (i.e. Corrymeela). The focus on group development and collaboration is matched by our support for individuals and families. Our Advice Team delivered an average of 25 advice sessions per week across 11 venues in South Belfast. We supported 2066 individuals and recovered £935,718.33 in benefit payments for these clienls. This has had a huge impacl of the quality of life of these people. particularly in Ihe current economic climate 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- Seniors Arts & Crafts Wellbeing Drop-in Chair Based Yoga Men's Health Fair Fitness classes Men's Shed Summer Outings Nutritional Education
Ballynafeigh Community Development Association Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (cgntinued) Year ended 31 March 2025 The Health & Wellbeing Team also collaboraled with other groups and agencies in South Belfast.. Engage with age, Clanmill Housing, Radius Housing. Belfast City Council, Fonmard South Partnership, Open Ormeau, Annadale Community Centre South Belfast Sure Start. Forge Inlegraled Primary School. Rosetta Primary School and Taughmonagh Primary School to deliver Soulh Belfast wide health and social wellbeing initiatives. BCDA has broad developmentsl neorkS and connections across the sector, developing and delivering significant projects and initiatives in collaborative partnerships with stalutory and community sector agencies. BCDA openly shares its practice and seeks to take a broad co-design approach to shaping policy. BCDA leads andlor supports a number ofsectoral nelworks and partnerships. Ballynafeigh & Taughmonagh Health & Wellbeing Partnership. South Belfast Mental Health Hub and the Public Health Agency. South Belfast advice Consortium (South City Resource & Development Centre. Advice Space Belfast, BCDA as Lead Partner). BCDA & Surestart Childcare Partnership. Migranl Centre Nl & BCDA Partnership. Belfast, City of Sanctuary. Belfast Advice Group (BAG) BAG advocates on behalf of the twenty advice services across the City. Eleven Advice Outreach Centres- Mornington Community Project, Lower Ormeau Residents, Action Group, Annadale and Haywood Residents Association, Donegall Pass Community Forum, Markets Development Associalion. Sandy Row Community Centre, Taughmonagh Community Forum, Morton Community Centre, Women's Aid, Belvoir and Miiifield Hub, Cregagh Community Cenlre. Core services continue at BCDA. Our organisation seeks to have a clearly defined input into partnership organisations encouraging autonomy, building strength and sound processes for governance and accountability. These interorganisational processes encourage openness and accountability while promoting bolh independence and interdependence. BCDA'S approach maximises the impact of limited resources by eliminating duplication, encouraging networks to deepen reach into communities in need and build constructive relalionships across the sector and between the sector, government and statutory agencies. BCDA achieves these complex and wide-ranging outcomes. with tightly focused resources in challenging Circumstan$, because of a combination of a dedicated team of slaff and volunteers and crucially, a dedicated Board committed to excellence in governance. We are compliant with our obligations under both Charity and Company Law and are a publicly accountable entity. Flnance & Fund Raisin BCDA maintained and expanded its funding base to meet the needs ofthe neighbourhood and the sector. 1. Resourcing the core fvnctions of the organisation and sustain the building as a hub for capacity building and community development- BCC Capacity Building grant Department for Communities CIF 2. Annual funding to develop and deliver long-standing projects to address perennial need in our communities.. BCC South Belfast Advice Partnership PHA Health & Wellbeing 3. Funding to address new and emerging needs in our communities.. Rank Foundalion Belfast Trust Talking Therapies Forward South Partnership CFNI
Ballynafeigh Community Development Association Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (conllnued) Year ended 31 March 2025 Along with our income from fund raising, our activities generated unrestricted income to 5UPPOrt the running of the organisation. Income from provision of services. Resource income from roomlvenue hire Donations Flnan¢lal revlew The net incoming resources for 202412025 were £61.077 (2024: £17,247). Total reserves at the year-end amounted to £690.883. Reserves pollcy and golng concern ReseNes are needed to bridge the timing gap between spending and receiving of income and lo cover unplanned temporary shortfalls in income should they arise. Holding adequate reserves safeguards the provision of our seNices in the event of unexpected significant financial pressures. The trustees consider that the ideal level of reserves would be between three to six monlhs expendilure which for the year ended 31 March 2025 would be between £122,070 and £244,140. Unrestricted reserves freely available to spend, Iherefore excluding fixed assets. restricted reserves and designated reserves amounted lo £251,675 which is around the target level. The Irustees believe this represents a sufficient level of reserve to ensure that the going concern assumption is appropriate. Principal funding sources The main fiJnding bodies that support BCDA are- Belfast City Council IBCCI Public Health Agency IPHA) Departmenl for Communities (Dfc) Belfast Heallh & Social Care Trust IBHSCT) Plans for future periods Finances and Fundraising The board has a strong and definite plan to sustain current funding and fundraising into the next financial year ensuring sustainability of existing projects and services. development of new work in response to emerging need and bolstering and expanding of reserves as appropriale. This will be achieved by a combination of sustaining 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 organisational assets and pursuing income diversifscalion opportunities. The aftermath of the pandemic. the emerging "cost of living" crisis and the consequent squeeze on public finances presenls a significant challenge for BCDA going forward. This, coupled with a marked reduction in resource income because of reduced 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, including the newly renovated space on the top floor.. this will enhance the level of support available to the neighbourhood in terms of spaces lo work, meet and innovate. It will also contribute to the building of financial reseTves enabling the Board to sustain and develop BCDA.
Ballynafeigh Community Development Association Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continu8d) Year ended 31 March 2025 Trustees. responsibilities 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 accordance with applicable law and United Kingdom Accounting Standards (United lfjngdom Generally Accepted Accounting Practi). Company law requires the charity truslees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial stalements, the trustees are required to.. select suitable accounting policies and then apply them consistently., obseNe the methods and principles in the applicable Charities SORP: make judgments and accounting estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy al any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assels of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor Each of the persons who is a trustee at the date of approval of this report confimis that.. so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware- and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information an(i to establish that the charity's auditor is aware of that information. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Ballynafeigh Community Development Association Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) fcontinu•dJ Year ended 31 March 2025 The trustees. annual report was approved on 25 November 2025 and signed on behalf of the board of trustees by.. atkJJD_ Chris O'Halloran (Joint Interim Chairperson} Trustee
Ballynafeigh Community Development Association Company Limited by Guarantee Independent Auditor's Report to the Members of Ballynafeigh Community Development Association Year ended 31 March 2025 Opinion We have audited the financial statements of Ballynafeigh Community Developmenl Association (the 'charity'l for the year ended 31 March 2025 which comprise Ihe statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice}. In our opinion the financial statemenls.. give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UKI) and applicable law. Our responsibilities under Ihose standards are further described in the auditor's responsibilities for the audit of Ihe financial slatemenls section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and the provisions available for small entities. in the circumstances set out below, and we have fulfilled our other ethical responsibilities in accordance with these requiremenls. We believe that the aud¢t evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. APB Ethical Standard Provisions available for small entites In common with many other businesses of our size and nature we use our auditors to prepare and submit returns lo the tax authorities and assist with the preparation of the financial statements. Conclusions relatlng to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of aOUntIng in the preparation of the financial ststemenls is appropriate. Based on the work we have performed, we have not identrfied any malerial uncertainties relating to events or conditions that, individually or collectively. may Cast significant doubt on the charily's abilily to continue as a going concem for a period of at least twelve months from when the financial statemenls are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant seclions of this report.
Ballynafeigh Community Development Association Company Limited by Guarantee Independent Auditor's Report to the Members of Ballynafeigh Community Development Association (continued) Year ended 31 March 2025 Other information The other infomiation comprises the information included in the annual report, other than the financial slalemenls and our auditorfs report thereon. The trustees are responsible for the other infomialion. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance Conclusion thereon. In connection with our audil of the financial statements, our responsibility is to read the other information and. in doing so. consider whether the other information is materially inconsistent with the financial slalements or our knoedge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstalements. we are required to delermine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If. based on the work we have performed, we conclude that there is a material misstatement of this other informalion, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of the audit: the information given in the truslees, report for the financial year for which Ihe financial statements are prepared is consistent with the financial statements., and the trustees. report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exceptlon In the light of the knowledge and underslanding of the charity and its environment obtained in the ourse of the audit, we have not identified malerial misslatements in the trustees. report. We have nothing to report in respect of the following matters in relation to which the Companies Acl 2006 requires us to report to you if. in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received trom branches not visited by us.. or the financial statements are nol in agreement with Ihe accounting records and returns., or certain disclosures of tru5tees' remuneralion specified by law are not made: or we have not received all the infomiation and explanations we require for our audit., or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and lake advantage of the small companies. exemptions in preparing the directors, report and from the requirement to prepare a stralegic report. 10
Ballynafeigh Community Development Association Company Limited by Guarantee Independent Auditor's Report to the Members of Ballynafeigh Community Development Association (continued) Year ended 31 March 2025 Responsibilities of trustees As explained more fully in the trustees. responsibilities statement, the truslees (who are also the directors for the purposes of company lawl are responsible for the preparation of the financial stalemenls and for being satisfied that they give a true and fair view. and for such internal control as the trustees determine is necessary to enable the preparation of financial statements Ihat are free from material misstatement, whether due to fraud or error. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UKI. Those standards require us lo comply with the Financial Reporting Council's IFRC'S) Ethical Standard for Auditors,, in the circumstances set out in note 24 to Ihe financial slaternenls. In preparing the financial slatemenls, the trustees are responsible for assessing ihe charity's ability to continue as a going concern. disclosing. as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realislic alternative but to do so. 11
Ballynafeigh Community Development Association Company Limited by Guarantee Independent Auditor's Report to the Members of Ballynafeigh Community Development Association (continued) Year ended 31 March 2025 Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial slalements as a whole are free from malerial misslatement, whether due to fraud or error, and to issue an auditorfs report thal includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS {UK) will always detect a material misstalement when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial ststemenls. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with law5 and regulations, we considered the following.. the nalure of Ihe industry and sector, control environment and business performance including the design of the remuneration policies, key drivers for directors, remuneration. bonus levels and performance targets., results of our enquiries of management about their own identrfication and assessment of the risks of irregularities; any matters we idenlified having obtained and reviewed documentstion of their policies and procedures relaling to.. identifying. evaluating and complying with laws and regulations and whether management were aware of any instances of non-compliance., detecting and responding to the risks of fraud and whelher management have knowledge of any actual. suspected or alleged fraud; the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations. the matters discussed among the audit engagement team including significant component audit teams and relevant intemal specialists, including tax and valuations specialists regarding how and where fraud might occur in the financial statements and any polenlial indicators of fraud. As a result of these procedures. we considered the opportunities and incentives that may exist within the organisation for fraud and identified the grealest potential for fraud. In common with all audits under ISAS (UK), we are also required to perform spe¢ifi¢ 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 thal had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included ongoing compliance with the UK Companies Acl and tsx legislalion. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statemenls but compliance with which may be fundamental for their ability to operate or lo avoid a material penalty. 12
Ballynafeigh Community Development Association Company Limited by Guarantee Independent Auditor's Report to the Members of Ballynafeigh Community Development Association (contlnued) Year ended 31 March 2025 As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also.. Identify and assess the risks of material misstalement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtsin audit evidence that is sufficient and appropriate lo provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentalions, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order lo design audit procedures that are appropriale in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees. use of the going concern basis of accounting and, based on the audit evidence obtained. whether a material uncertainty exists related lo events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material UnrtaInty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statemenls or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained UP lo Ihe date of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation. slructure and content of the financial statements, including the disclosures, and whether the financial statemenls represenl the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding. among other matters. the planned scope and timing of the audit and significant audit findings. including any significant deficiencies in internal control that we identify during our audit. 13
Ballynafeigh Community Development Association Company Limited by Guarantee Independent Auditor's Report to the Members of Ballynafeigh Community Development Association f¢ontinued) Year ended 31 March 2025 As explained more fully in the Trustees, Responsibilities Statement (set out on page 8), the trustees are responsible for the preparation of the financial slalemenls 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 lo comply with the Financial Reporting Council's (FRC'S) Ethical Standard for Auditors., in the circumslances set out in note 24 to the financial statements. Use of our report This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to Ihe charity's members those matters we are required to slate to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charily and the charity's members as a body. for our audit work, for this report, or for the opinions we have formed. Paul Dolan FCA (Senior Statutory Auditor) For and on behalf of Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN 25 November 2025 14
Ballynafeigh Community Development Association Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Restricled funds Total funds Total funds 2024 Unrestricted funds Note Income and endowmenls Donations and legacies Charitable activities Other income 2.355 132.455 500 6.000 408,045 8.355 540,500 500 1,357 534,054 200 Total income 135,310 414,045 549.355 535,611 Expenditure Expenditure on charitable activities Total expenditure 68,497 419,781 488,278 518,364 68,497 419,781 488,278 518,364 Net income 66.813 (5,7361 61.077 17,247 Transfers beeen fvnds {12,663) 12,663 Net movement in funds 54,150 6,927 61,077 17,247 Reconciliation of funds Total funds brought forward Total funds carried forward 600.030 29,776 629,806 612,559 654,180 36,703 690.883 629,806 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 18 to 28 forrn part of these flnanclal statements. 15
Ballynafeigh Community Development Association Company Limited by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Note Flxed assets Tangible fixed assets 14 365,802 374,285 Current assets Debtors Cash at bank and in hand 15 51,205 297,639 43,700 231,711 348,844 275,411 Cr8d5tors: amounts falling due within one year Net current assets 16 23.763 19,890 325,081 255,521 629,806 Totsl assets less current Ilabilities 690,883 Net assets 690.883 629.806 Funds of the charity Restricted funds Unrestricted funds 36,703 654.180 690,883 29,776 600,030 629.806 Total charity funds 18 These financial statements have been prepared in accordance with the provisions applicable to ompanies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 25 November 2025. and are signed on behalf of the board by: IdLD_ Chris O'Halloran (Joint Interim Chairperson) Trustee The notes on pages 18 to 28 fomi part of these financial statements. 16
Ballynafeigh Community Development Association Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2025 2025 2024 Cash flows from operating activities Net income 61,077 17.247 Adjustmenls for." Depreciation of tangible fixed assets Accrued {income)lexpenses 12,893 (17,626) 13,706 1,069 Changes in.. Trade and other debtors Trade and other creditors 13,195 799 (2.6871 (4,9041 24,431 Cash generated from operalions Net cash from operating activities 70,338 70,338 24,431 Cash flows from investing activities Purchase oftsngible assets Proceeds from sale of tangible assets Net cash used in investing activities (4,742) 332 14.853) 1,304 (4,410) 13,549) Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 65.928 231.711 20,882 210,829 297,639 231,711 The notes on pages 18 to 28 form part of these financial statements. 17
Ballynafeigh Community Development Association Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2025 General information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 283 Ormeau Rd, Belfast, BT7 3GG. Statement of compliance These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Slalement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008 and Companies Act 2006. Ballynafeigh Community Development Associalion meets the definition of a public entsty under FRS 102. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabililies and inveslment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the fvnctional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertalnty The preparation of the financial statements requires management to make judgemenls, eslimates and assumptions that affect the amounts reported. THese estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonnable under the circumslances. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricled funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of Iwo sub-classes.. restricted income funds or endowment funds. 18
Ballynafeigh Community Development Association Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 Accounting policies fcontinu8d) Incoming resources All incoming resources are included in Ihe ststement of financial activities when entitlement has passed to the charily; it is probable that the economic benefrts associated wilh the Iransaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donalions or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donaled goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the eslimated resale value. Donated facilities and services are recognised in the accounts when received rf the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of seNices is recognised with the delivery of the contracled Service. This is classified as unrestricted funds unless there is a contractual requirement for it lo be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial aclivilies to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events. non-charitable trading aclwities, and the sale of donaled goods. expenditure on charitable activities includes all costs inGurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries. including those support cosls and costs relating to Ihe governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charily nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direcl costs attributable lo a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. 19
Ballynafeigh Community Development Association Company Limited by Guarantee Notes to the Financial Statements (continu8dJ Year ended 31 March 2025 Accounting policies (eonlinu8d) Tangible assets Tangible assets are initally recorded al cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the dale of revaluation less any subsequent accumlated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an assel 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 activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised 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. Depreciation Depreciation is calculated so as to write off the cost or valuation of an assel, less its residual value, over the useful economic life of Ihat asset as follows.. Freehold property Fixtures and fittings 20/0 Straight line 15Vo reducing balance Impalrment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generaling unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is. from the acquisition date, allocated to each of Ihe cash-generating units that are expected lo benefit from the synergies of the combination. irrespective of whelher olher assets or liabilities of Ihe charity are assigned to those units. Defined Contribution plans Contributions to defined wntribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. 20
Ballynafeigh Community Development Association Company Limited by Guarantee Notes to the Financial Statements (continu8d) Year ended 31 March 2025 Accountlng pollcles {eontinued) Defined contribution plans (continuedj When contributions are not expected to be settled wholly within 12 monlhs of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which il arises. Limited by guarantee Each of the members of the company has guaranteed to contribule lo the assets of the company in the event ofthe same being wound up to the extent of £1. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2025 Donations Donations 2,355 6,000 8,355 Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations 1,357 1,357 Charitable activltles Unrestricted Funds Restricted Total Funds Funds 2025 Belfast City Council - BCDA Department for Communities Public Health Agency Belfast Heallh & Social Care Trust Resource Income Summer Scheme Fees Belfast City Council - Partners Income from Partnership Organisations Rank Foundation Fotward South Partnership NEA 53,629 4,283 15,004 92,272 61,257 58,166 47,087 1,700 390 75.415 36,196 30,222 1,340 4,000 145,901 65,540 73,170 47,087 30,233 390 75,415 67,202 30,222 1,340 4,000 28.533 31.006 132.455 408,045 540,500 21
Ballynafeigh Community Development Association Company Limited by Guarantee Notes to the Financial Statements (ntinUed) Year ended 31 March 2025 Charitable activities {continu8d) Unrestricted Funds Restricted Total Funds Funds 2024 Belfast City Council - BCDA Department for Communities Public Health Agency Belfast Health & Social Care TTUSt Resource Income Summer Scheme Fees Belfast City Council - Partners Income from Partnership Organisalions Rank Foundation FoNard Soulh Partnership NEA 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 68.062 29.615 25,836 500 72,292 39,178 29,615 28.884 97,915 436,139 534.054 Other income Unrestricted Total Funds Unreslricled Total Funds Funds 2025 Funds 2024 Other income 500 500 200 200 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2025 Communily development & promotion Support costs 55,538 12.959 285.983 133,798 341.521 146.757 68,497 419,781 488.278 Unrestricled Funds Restricted Total Funds Funds 2024 Community development & promotion Support costs 14,319 39,857 353,170 111,018 367.489 150,875 54,176 464,188 518.364 22
Ballynafeigh Community Development Association Company Limited by Guarantee Notes to the Financial Statements f¢ontinuedJ Year ended 31 March 2025 Expenditure on charftable actlvities by activity type Activities undertaken directly Support costs Total funds 2025 Total fund 2024 Community development & promotion Governance costs 341,521 132,723 14.034 474,244 14,034 488,278 505,109 13,255 518,364 341,521 146,757 10. Analysis of support costs Analysis of support costs Totsl 2025 Total 2024 Staff cosls Premises Communications and IT General office Governance costs 92,100 9,646 4,793 26,184 14.034 92,100 9,646 4,793 26.184 14,034 97.894 11.685 4,567 23,474 13,255 146,757 146,757 150,875 11. Net income Nel income is stated after chargingl(crediling)- 2025 2024 Depreciation of tangible fixed assets Fees payable for the audit of the financial statements 12,893 9,390 13,706 8.765 12. Staff costs The total staff cosls and employee benefits for the reporting period are analysed as follows: 2025 2024 Wages and salaries Social security costs Employer contributions to pension plans 213,581 12.323 6,996 232.399 10.488 12,072 232,900 254,959 The average head count of employees during Ihe year was 10 {2024'. 10). The average number of full-time equivalent employees during the year is analysed as follows.. 2025 2024 No. Permanent employoes 10 10 No employee received employee benefits of more than £60.000 during the year (2024: Nil). 23
Ballynafeigh Community Development Association Company Limited by Guarantee Notes to the Financial Statements {eontlnu•d) Year ended 31 March 2025 12. Staff costs (continued) Key Management Personnel Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £50,87612024.'£50,0131. 13. Trustee remuneration and expenses The charity trustees were not paid or received any other benefits from employment with the Charity in the year12024'. £Nil). The trustees were not reimbursed travel expenses during the year {2024.' £Nill. No charity trustee received payment for professional or other services supplied to the charity12024: £Nill. 14. Tangible fjxed assets Freehold Fixtures and property fittings Total Cost At 1 April 2024 Additions Disposals At 31 March 2025 423,218 72,256 4.742 {540) 76,458 495.474 4,742 (540) 499,676 423,218 Depreciation At 1 April 2024 Charge for the year Disposals At 31 March 2025 76,655 8,464 44,534 4,429 {208) 48,755 121,189 12,893 (208} 133,874 85,119 Carrying amount At 31 March 2025 338,099 27.703 365.802 At 31 March 2024 346,563 27,722 374,285 15. Debtors 2025 2024 Trade debtors Prepayments and accrued income 6,440 44,765 19,589 24,111 51,205 43,700 24
Ballynafeigh Community Development Association Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025 16. Creditors: amounts falling due within one year 2025 2024 Trade creditors Accruals and deferred income Social security and other laxes 9.360 13,078 1,325 5,576 10,004 4.310 23,763 19,890 17. Pensions and olher post retlrement beneffts Deflned contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £6,99612024'. £12,072). 18. Analysis of charitable funds Unrestricted funds At 31 March 202 At 1 April 2024 Income Expenditure Transfers General funds Revaluation Reserve Front Door Project 424,559 63.266 112,205 135.310 165,9471 (12,6631 481.259 63.266 109,655 12,550) {68.497) 600.030 135,310 (12,6631 654,180 At 31 March 202 At 1 April 2023 Income Expenditure Transfers General funds Revaluation ReseNe Front Door Project 382.701 63.266 114,755 99,472 (51,626) 15.988) 424,559 63.266 112,205 (2,550) 154.1761 560.722 99,472 {5,988) 600,030 The expenditure relating to the Front Door Project of £2.550 relates to depreciation of a capital asset. The remaining balan represents the asset's net book value. 25
Ballynafeigh Community Development Association Company Limited by Guarantee Notes to the Financial Statements fcontinued) Year ended 31 March 2025 18. Analysls of charitable funds (contlnued) Restricted funds At 31 March 202 At 1 April 2024 Income Expenditure Transfers Crescent 3 year old programme Advice Development Community Communily Investment Fund {DFC) Shared Neighbourhood Health and Wellbeing Mind health life coaching Volunteer Development Youth Club Seniors Programme Communications Rank Foundation Belfast City of Sanctuary Summer Scheme 1,700 13,1321 1,432 161,235 (163,2561 2,021 4.358 1.987 61,257 3,952 63,506 47,087 (66,677) 13,951) {71.3851 (47,069) 1,062 1.988 7,879 18 6,000 6,000 (269) 269 17,687 5,744 30.222 36.196 2.890 (24,4331 (36.7191 {2.890) (419,781) 23,476 5.221 29,776 414,045 12,663 36,703 Al 31 March 202 Al 1 April 2023 Income Expenditure Transfers Crescent 3 year old programme Advice Developmenl Community Community Investment Fund IDFCJ Shared Neighbourhood Heallh and Wellbeing Mind health life coaching Volunteer Development Youth Club Seniors Programme Communications Rank Foundation Belfast City of Sanctuary Summer Scheme 1,700 (5.8401 4,140 4.028 197,293 (203,1311 1,810 7.243 9,250 6,886 60,235 7,211 64,286 35,321 163,120) {14.474) {71,172) (35,338) 19,0001 4,358 1,987 17 9,000 15,430 29.615 37,478 3.000 {27,358) (31,734) 13,0211 (464,1881 17.687 5,744 21 51,837 436,139 5.988 29,776 26
Ballynafeigh Community Development Association Company Limited by Guarantee Notes to the Financial Statements fcontlnued) Year ended 31 March 2025 18. Analysls of charitable funds (continued) Transfers have taken place in the year to reclassify income to Unreslricted funds as the funds are available for any use, no restrictions are in place for the usage of this income. 19. Analysis of net assets between funds Unreslricted Funds Restricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 365,802 312.141 123.7631 654,180 365,802 348,844 (23,7631 690.883 36,703 36,703 Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 374,285 252,459 {19.8901 606.854 374.285 275,411 {19,890) 629,806 22,952 22,952 20. Corporation tsxation The Charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no tsxation charge in these accounts. The Company is a registered charity, and as such is entitled to lax exemptions on income and profits in furtherance of the charity's primary objectives. 21. Analysis of changes In net dobt At At 1 Apr 2024 Cash flows 31 Mar 2025 Cash at bank and in hand 231,711 65,928 297,639 22. Contingencies A contingent liability exists to repay granls and Trust monies received should certain conditions not be fulfilled by the charity. In the opinion of Ihe Trustees, the term5 of the Letters of Offers have been, or will be. complied with and no liability is expected. 23. Related parties There were no related party transactions during the year. 27
Ballynafeigh Community Development Association Company Limited by Guarantee Notes to the Financial Statements feontinu8d) Year ended 31 March 2025 24. Ethical standards In common with many other businesses of our size and nature we use our auditors to prepare and submtt returns to the lax authorities and assist with the preparation of the financial statements. 28
Ballynafeigh Community Development Association Company Limited by Guarantee Management Information Year ended 31 March 2025 The following pages do not form part of the financial ststements. 29
Ballynafeigh Community Development Association Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2025 2025 2024 Income and endowments Donations and legacies Donations 8,355 1,357 Charitable activities Belfast City Council - BCDA Department for Communities Public Heallh Agency Belfast Health & Social Care Trust Resource Income Summer Scheme Fees Belfast City Council - Partners Income from Partnership Organisations Rank Foundation Forward South Partnership NEA 145,901 65,540 73.170 47,087 30,233 390 75,415 67,202 30,222 1,340 4,000 163,072 61.735 77,621 35,321 25,836 500 72,292 68,062 29,615 540,500 534.054 Other income Other income 500 200 Total income 549,355 535,611 30
Ballynafeigh Community Development Association Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 March 2025 2025 2024 Expendlture on charitable activities Community development & promotion Activities undertaken directly Equipment & consumables Salaries & wages Employe¢s NIC Pension costs Water rales Light & heat Repairs & maintenan Insurance 1,499 130,284 6,038 4,478 1,458 11.422 9.223 9,705 1,672 141,763 5,139 10,163 866 10,114 5,220 8,340 r !] Subscriptions & licenses Slaff travel Telephone Advertising & marketing Staff training Programme costs Payment to partner organisations Snternet & IT Printing. postage & stationary Repayment of grants Payment to other organisations Bad debt 6.827 1,525 4,766 3,099 150 69,751 75,415 27 3,260 494 2.100 5,521 1,277 3,046 1,379 1,316 77.565 72.292 1.521 1.883 15.291 3.000 121 341,521 367,489 Support Costs Salaries & wages Employerfs NIC Pension costs Water rates Light & heat Repairs & maintenance Telephone Depreciation Loss on disposal of asset Internet & IT Prinling, postage & stationary Cleaning Hospitality 83,297 6.285 2,518 625 4,895 4,126 4,765 12,893 332 28 1,397 11.242 90,636 5,349 1,909 371 4,334 6,980 3,046 13,706 1,304 1.521 807 7,222 11 320 435 132.723 137,620 31
Ballynafeigh Community Development Association Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities (continued) Year ended 31 March 2025 2025 2024 Governance costs Accountancy fees Audit fees Legal and other professional fees Bank charges 2,566 9,390 1,473 605 1,899 8,765 2,063 528 14,034 13,255 Expenditure on charltable activities 488,278 518,364 Net income 61.077 17.247 32