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2024-09-30-accounts

BALLYHORNAN AND DISTRICT COMMUNITY ASSOCIATION

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30[TH] SEPTEMBER 2024

Company Registration Number: NI056389

Charity Registration Number: NIC 102351

EAMONN P McGRADY & CO

Chartered Accountants & Registered Auditors 4-6 Market Lane DOWNPATRICK Co Down BT30 6TH

Tel: 028 4461 4340 Email: eamonnmcgrady@yahoo.com

BALLYHORNAN AND DISTRICT COMMUNITY ASSOCIATION

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30[TH] SEPTEMBER 2024

CONTENTS

PAGE
Company Information 2
Report Of The Directors 3
Independent Examiners Report 4
Statement of Financial Activities 5
Statement of Financial Position 6
Notes To The Financial Statements 7 - 10

BALLYHORNAN AND DISTRICT COMMUNITY ASSOCIATION

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30[TH] SEPTEMBER 2024

COMPANY INFORMATION

DIRECTORS: Mrs Patricia Curran Chairperson Mr Noel Curran Mr Brendan Reilly Mr Alfie Teggart Mr Conor Polly (Appointed 8[th] August 2024) SECRETARY: Mrs Kelly Hanna REGISTERED OFFICE: 15 Rourkes Link Bishopscourt Ballyhornan DOWNPATRICK Co Down BT30 7DQ

COMPANY REGISTRATION NO: NI056389 AUDITORS: Eamonn P McGrady & Co Chartered Accountants & Registered Auditors 4-6 Market Lane DOWNPATRICK Co Down BT30 6TH BANKERS: Ulster Bank Market Street DOWNPATRICK Co Down NI CHARITY NUMBER: NIC 102351 DATE OF CHARITY REGISTRATION: 24[th ] April 2017

BALLYHORNAN AND DISTRICT COMMUNITY ASSOCIATION

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30[TH] SEPTEMBER 2024

- DIRECTORS REPORT-

The Committee presents its Report and Financial Statements for the year to 30[th] September 2024.

PRINCIPAL ACTIVITIES

The principal activity of the organisation is to provide and manage a community centre facilitating a sports hall, meeting rooms and a 4G floodlit football pitch.

EVENTS SINCE THE END OF THE PERIOD

There have been no events since the Balance Sheet date necessitating any revision of the Financial Statements.

REVIEW OF RESULTS

The deficit of expenditure over income for the year was £23,441 (2023 surplus £12,365). The Committee is satisfied with the progress made in the year.

DIRECTORS

The Directors who served during the year were as follows: Mrs Patricia Curran Mr Noel Curran Mr Brendan Reilly Mr Alfie Teggart Mr Conor Polly

ACCOUNTING STANDARDS

The Committee is of the view that appropriate accounting and financial reporting standards have been followed in the preparation of the Financial Statements.

ACCOUNTANTS

Eamonn P McGrady & Co have expressed their willingness to continue in office as Accountants and a resolution for their re-appointment will be proposed at the next annual general meeting.

By Order of the Committee

Mrs Patricia Curran

............................................... MRS PATRICIA CURRAN CHAIRPERSON

23[rd] April 2025 ............................... DATE

BALLYHORNAN AND DISTRICT COMMUNITY ASSOCIATION INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 30[TH] SEPTEMBER 2024

Independent Examiner’s Report to the Trustees of Ballyhornan and District Community Association.

Eamonn P McGrady & Co report on the accounts of the Ballyhornan and District Community Association. for the year ended 30[th] September 2024, which are set out on page 5 to 10.

Respective responsibilities of charity trustees and examiner

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (NI) 2008.

It is the responsibility of Eamonn P McGrady & Co to:

Basis of independent examiner’s statement

Eamonn P McGrady & Co have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission NI under section 65(9) (b) of the Charities Act.

Our examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

The role of Eamonn P McGrady & Co is to state whether any material matters have come to our attention giving cause to believe:

  1. that accounting records were not kept in accordance with section 62 of the Charities Act

  2. that the accounts do not accord with those accounting records

  3. that the accounts do not comply with the accounting requirements of the Charities Act

  4. that there is further information needed for a proper understanding of the accounts to be reached

Independent examiner’s statement

Eamonn P McGrady & Co have completed an examination and have no concerns in respect of the matters 1 to 4 listed above and, in connection with following the Directions of the Charity Commission NI have no matters that require to be drawn to your attention.

Eamonn P McGrady & Co 23[rd] April 2025

----------------------------------------------------------Eamonn P McGrady & Co Date Chartered Accountants & Registered Auditors 4-6 Market Lane DOWNPATRICK Co Down BT30 6TH

- 4 –

BALLYHORNAN AND DISTRICT COMMUNITY ASSOCIATION

INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED

30TH SEPTEMBER 2024
Notes
Unrestricted
Restricted
Funds
Funds
£
£
INCOME
3 (b)
70,403
40,944
Direct Cost of Activities
-
40,944
70,403
-
Administrative Expenses
93,877
-
OPERATING
(DEFICIT)/ SURPLUS
(23,474)
-

Interest Received & Similar
Income
4
33
-
(Deficit)/ Surplus on Ordinary Activities
for the year
(23,441)
-

Balance Brought Forward
337,977
-__
Balance Carried Forward
314,536 -
2024
Total
Funds
£
111,347
40,944
70,403
93,877
(23,474)
33
(23,441)
337,977
314,536		 2023
Total
Funds
£
116,681
16,787
99,894
87,538
12,356
9
12,365
325,612
337,977

- 5 -

BALLYHORNAN AND DISTRICT COMMUNITY ASSOCIATION

STATEMENT OF FINANCIAL POSITION - 30TH SEPTEMBER
2024
Notes
£
FIXED ASSETS
Tangible Assets
7
348,456
CURRENT ASSETS
Other Debtors
8
1,211
Bank
(6,650)
(7,861)
CURRENT LIABILITIES
Amounts falling due within one year
9
(8,173)
NET CURRENT ASSETS/(LIABILITIES)
(312)

TOTAL ASSETS LESS CURRENT LIABILITIES348,144
LONG TERM LIABILITIES
Amounts falling due after
more than one year
10
(33,608)
NET ASSETS
314,536
CAPITAL AND RESERVES
Reserves
11
314,536
314,536
Mr Noel Curran
23rdApril 2025
_____
_______
MR NOEL CURRAN
DATE
APPROVED ON BEHALF OF
THE BOARD		 2024
2023
£
354,388
3,036
21,393
24,429
(5,100)
19,329
373,717
(35,740)
337,977
337,977
337,977

- 6 -

BALLYHORNAN AND DISTRICT COMMUNITY ASSOCIATION

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30[TH] SEPTEMBER 2024

NOTES TO THE ACCOUNTS

1 GENERAL INFORMATION

The company is a private company limited by guarantee, registered in Northern Ireland. It is a Registered Charity.

2. STATEMENT OF COMPLIANCE

The Financial Statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (Charities SORP FRS102).

3 ACCOUNTING POLICIES

(a)

BASIS OF ACCOUNTING

The Financial Statements have been prepared in accordance with the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the organistation.

(b) INCOME

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Income consists of donations, grants and other amounts arising from the organisation's ordinary activities.

- 7 -

BALLYHORNAN AND DISTRICT COMMUNITY ASSOCIATION

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30[TH] SEPTEMBER 2024

(c) DEPRECIATION

Depreciation is calculated to write off the cost of fixed assets over their anticipated useful lives.

Land & Buildings
2%
Fixtures & Equipment
20%
4
Other Interest Receivable &
Similar Income
Interest Received
5
Interest Payable & Similar Charges
Bank Charges & Interest
Loan Interest
6
Employees & Pensions
Average number of people employed by
the Company during the year
Administration
Other Staff
Cost incurred in respect of these employees:
Wages & Salaries		 (straight line)
(reducing balance)
2024
2023
£
£
33
9
33
9
397 396
3,368 2,896
3,765 3,292
Number of Employees
2024
2023
1
1
3
-_
4
1
===
===

38,905 23,913



- 8 -

BALLYHORNAN AND DISTRICT COMMUNITY ASSOCIATION

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30[TH] SEPTEMBER 2024

7 TANGIBLE FIXED ASSETS
Cost
At Start of Year
Additions
Disposals
At End of Year
Depreciation
At Start of Year

Eliminated on Disposal
Provision for Year

Balance Sheet Value
At 30thSeptember 2024

At 30thSeptember 2023

8
OTHER DEBTORS
VAT Reclaimable
Other Debtor
9
CURRENT LIABILITIES
Bank Overdrafts
HMRC PAYE
Creditors & Accruals
Loan Account
10
LONG TERM LIABILITIES
Loan Account
LAND &
FIXTURES &
BUILDINGS EQUIPMENT
£
£
717,351
99,013
-
15,778
-
(1,050)
717,351
113,741
381,313
80,663

-
(378)
14,347
6,691
395,660
86,976

321,691
26,765

336,038
18,350

2024
£
1,211
-
1,211
2024
£

-
590
5,983
1,600
8,173
2024
£
33,608
33,608









TOTAL
£
816,364
15,778
(1,050)
831,092
461,976
(378)
21,038
482,636
348,456
354,388
2023
£
3,036
-_
3,036
2023
£
-
350
4,150
600
5,100
2023
£
35,740
35,740



- 9 –

BALLYHORNAN AND DISTRICT COMMUNITY ASSOCIATION

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30[TH] SEPTEMBER 2024

11
RESERVES


Balance at Start of Year

(Deficit)/ Surplus for the Year

 2024
£
337,977
(23,441)
314,536



2023
£
325,612
12,365
337,977

12 CONTINGENT LIABILITIES

In certain circumstances, it is possible that grants would become repayable. No such circumstances arose at 30[th] September 2024 nor have they arisen up to date of approval of the Report and Financial Statements. There were no other commitments or contingencies at the 30[th] September 2024.

13 TINY TOONS COMMUNITY PLAYGROUP LTD

During the 2023 year, the Company benefitted from donation to the tune of £3,120 from Tiny Toons Community Playgroup Ltd, another local charity with two common directors. Tiny Toons Community Playgroup Ltd ceased operations during the 2023 year and the net proceeds of the sale of its’ property was £43,649, which was also donated to Ballyhornan & District Community Associated Ltd. In this year the company paid expenses of £597 which related to Tiny Toons Community Playgroup Ltd.

- 10 –

THE NOTES WHICH FOLLOW DO NOT

FORM PART OF THESE ACCOUNTS

AND MAY BE REMOVED BY THE COMMITTEE BEFORE THE ACCOUNTS ARE ISSUED TO OTHER PARTIES.

BALLYHORNAN AND DISTRICT COMMUNITY ASSOCIATION INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30[TH] SEPTEMBER 2024

2024
INCOME
£
£
DAERA
-
DFC
9,444
The Halifax Foundation
-
Newry Mourne and Down District Council
1,255
BBC Children In Need
15,000
Developing Healthy Communities
820
Education Authority
6,275
County Down Rural Community Network
-
Main Grants
8,150
SEHSCT
-

40,944
Donation (Tiny Toons)
-
Interest Received
33
Hire of Facilities & Other Income
70,403
TOTAL INCOME
111,380
LESS EXPENSES
Grants Paid back to Education Authority
800
Fundraising Costs & Donations
53
Wages
37,484
Casual Wages – Parties
1,421
Tuck Shop Purchases & Food
5,259
Entertainment & Activities
9,186
Play & Educational Equipment
-
Computer Expenses
66
Motor & Transport Costs
1,118
Pitch Repairs
3,932
Insurance
4,553
Advertising, Postage & Stationery
2,572
Professional Fees
1,407
Accountancy
4,592
Rent & Rates
2,806
Hire of Equipment
1,756
Repairs
16,441
Storage Containers
-
Telephone
730
Heat & Light
8,997
Tiny Toons Expense
597
Training
145
Loan Interest
3,368
Bank Charges & Interest
397
General Expenses
3,292
Subscriptions & Licences
-
Website Costs
3,639
Gain on Disposal
(828)
Depreciation
21,038
134,821
(DEFICIT)/SURPLUS FOR THE YEAR
(23,441)		 2023
£
1,433
776
2,700
10,868
-
-
-
900
-
110
16,787
46,769
9
53,125
116,690
7,185
428
23,913
-
804
2,911
649
-
508
2,340
5,147
1,741
1,812
3,871
3,810
507
14,582
286
962
9,376
780
-
2,896
396
517
(30)
-
-
18,934
104,325
12,365