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 be￿een 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 ne￿orkS 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 a￿OUntIng 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 kno￿edge 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 Un￿rtaInty 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 be￿een 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
be￿een 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