RFGISTERED COMPANY NUMBER: N1035799 (Northern Ireland) REGISTERED CHARITY NUMBER: NIC 103339 rt f the Truste nci ar for Bla e River Communi Acom Limiied Grou AfY4nt Lynn Drake & Co Ltd Statutory Auditors I st Floor 34 B-D Main Street Moira Co. Annagh BT67 OLE
Bl kie River Comm Contents of the Fillancial Statement Page Reference and Administrative Detai18 Report of the Trustees Report of the IndependeDt Auditors Statement of Financial Aetivities 12 Statement of Fin&Dcial Position 13 Statement of Casb Floivs 14 Notes to the Statement of Cash Flows 15 Notes to the Finanelal Statements 16 to 29 Detailed Statement of Financial Activities 30 to 31
lackie Ri muni Reference and AdmiDlStrative Detail or TRUSTEES Raymond Lavery Francis Mccann Sean Quinn Damien Austin Claire Canavan COIKPANY SECRETARY Claire Canavan REGISTERED OFFICE 43 Beechmount Pass Belfast Co. Antrim BT12 7NW REGISTERED COMPANY NUMBER N1035799 (Northern Ireland) REGISTERED CIL4RITY NUMBER NIC 103339 AUDITORS Lynn Drake & Co Ltd Statutory Auditors I st Floor 34 B-D Main Street Moira Co. Arniagh BT67 OLE CHIEF EXEC OFFICERS Mr Ciaran Beattie BANKERS First Trust Bank University Road Branch 35 University Road Belfast BT7 IND
ver Communi ort of the Trustees The trustees who are also directors of the chaTity for the purposes of the Cornpanies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordancc with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and airns Blackie River Community Groups is a registered charity which seeks to empower the residents of the Blackie River by facilitating and developing Community development activity which enables them to celebrate their creativity and culture, develop their skills, enhance their self-estecm, play a full and equal role in society, and secure the social and economic regeneration of their area. Significant actlvities The Blacki¢ River Community Groups aims: To promote the benefit of the inhabitants of the Blackie River area and the environs of the Greater Belfast area (hereinafter described as the "area of benefit") without distinction of age, gender, race, political, religious or other opinion, by association statutory authorities, voluntary organisations and inhabitants in a common effort to advance education, relieve poverty and to provide facilities in the interest of social welfare for recreation and leisure time occupation, with the object of improving the conditions of life for the said inhabitants. To promote coopcration between local community groups with the object of improving the conditions of life for the inhabitants in the area of benefit. To promote and coordinate community development by enhancing the local social infrastructure through: support. training and resource provision.
Blackie River Communi ort of the Trustees OBJECTIVES AND ACTIVITIES Public benefit Purpose A The direct benefit which flows from purpose A includes improved education outcomes reduclion in poverty, and to provide facilities in the interest of social welfare for recreation and leisure time occupation, with the object of improving the conditions of life of residents within Blackie River Area (Beechmount ward) and the wider Greater Belfast area. Th¢se benefits arc evidenced through our programtnes, initiatives and services being monitoring and evaluated by all participants. The purpose of the charity may lead to the following harm of personal injury through some of our educational programmes, daycar¢ provision and health programme but we can demonstrate that this harni is greatly reduced thorough our risk management policy and procedures and the benefits to the service users outweigh any of the risks. The charities beneficiaries are the inhabitants of the Beechmount ward, Greater Falls area and the environs of the Greater Belfast Area. The only private benefit flowing from the purpose is the skilling up of staff and the salary which they receive and this is incidental and necessary to run an organisation which operates to the childcare standards, education skills authority, funding requirements. Putpose B The direct benefit which flows from purpose B includes promoting cooperation between local community groups with ihe object of improving the conditions of lif¢ for the inhabitants in the area of benefit These b¢n¢fits ar¢ evidenced through engagement with local residents through surveys, canvasses and questionnaires, It is further evidenced through the participation on local and regional forums and partnerships. The purpose of the charity may lead to the following harrn of misrepresenting an individual but was can evidence that all the infonnation which we discuss in forums cornes from analysing the data which we have collected. The charities beneficiaries ar¢ the inhabitants of the Beechmount ward, Greater Falls area and the environs of the Greater Belfast Area. The only private benefit flowing from the purpose is the skilling up of staff and the salary which they receive and this is inctdental and necessary to run an organisation which operates to the childcare standards, education skills authority, funding requirements. Purpose C The direct benefit which flows from purpose B includes promoting and coordinat¢ community development by enhancing the local social infrastructure through.. support, training and resource provision. These benefits are evidenced through engagement with local residents through survey5, canvasses and questionnaires. The purpose of the charity may lead to the following hann of misrepresenting an individual but was can evidence that all the information which we discuss in forums comes from analysing the data which we have collected. The charities beneficiaries are the inhabitants of the Beechmount ward, Greater Falls area and the environs of the Greater Belfast Area. The only private benefit flowing from the purpos¢ is the skilling up of staff and the salary which they receive and this is incidental and necessary to run an organisation which operates to the childcare standards, education Skills authority, funding requirements. Blackie River Community Group works with local residents to ensure that quality and conditions of housing within the local area are up to standard. In the past we successfully lobbied for new housing as there was a substantial amount of houses with outside toilets and environmental issues. We successful got the area vested and new 21st century housing built. We run a variety of educational classcs which both upskills people and also combat social isolation. We have successful run a level 5 Childcare management course which means that there arc now 14 local people who can now manage a day-care setting.
lackie Riv ni Grou ort of the Trustees ar ded31M STRATEGIC REPORT Achievements and performance Charitable activities Our charity found itself again like many others in difficult financial tirnes this year due to the current Cost of Living Crisis rising energy costs and increase in salaries due to minimum wage increases. We have been applying for external funding to alleviate financial pressures in which we were eventually successful in receiving £40k from Council to help with running costs. While the charity has not yet undertaken any public fundraising initiatives, we have been successful in seeking and receiving grant funding amounting to £970,046 for this year ending March 2025. The breakdown of restricted grants funding can be seen on Note 3 of the accounts. The funding received assisted the charity in continuing with our aims and objectives, offering vital services in our community such as: providing first class affordable child care, supporting child d¢velopment. providing support to children with additional needs, promoting Community led education through lifelong leaming, providing cultural and arts programmes, working on the regeneration of the area and working with our community partners in the Greater Falls Neighbourhood Partnership Area. Reserves Policy The charity's policy is to retain a level of free reserves, which matches the needs of the orgTanisation both at the curr¢nt time and in the foreseeable future. The charity has developed a plan to establish and maintain this agre¢d level of free reserves. The charity will continue to monitor compliance with this policy on a regular basis and the Board will review the appropriateness of the policy annually. Financial review The company had net outgoing resources for th¢ year of £13,693 (2024: net outgoing resourc¢s of £105,613), which reflected the completion of a nutnber of projects during the year. Unrestricted funds increased by £1,607, while restricted fijnds decreased by £15,300,
lackle Ri muni ort of the Tr st es they r Ended 31 M STRATEGIC REPORT Future plans The biggest challenge for us is going to be sustaining ourselves through this current cost of living crisis, inflationary and energy increases. The strategic priority will be sustainability. We aim to continue to improve our business I finance model and community development outcomes, to continue to develop a strong board and to inspire and professionalism to our staff. In ternis of sustainability we have: a) Secured an additional £20k from Belfast City Council to support running costs. b) Sought funding for an upgrade of play park. c) We are in legal negotiations to transfer land adjaccnt to Blackie Centre for extension of car parking. d) Working with local asset holders to secure the tenur¢ of additional infrastructure that will enable the organisation to expand our services. e) We aim to continue to provide first class servi¢¢s to the D community in the fields of child-care, education, art and culture, health, youth and older services and have secured the status of C¢ntre of excellence. For the strategic priority of infrastructure: We aim to improve the service available in the Beechmount area by lobbying for the improved facilities. a) Examples of this are: 'The development of St James Farni. The contained lobbying for; th¢ Beechmount 'I'riangle site, the car park and the extension to the Blackie River Community Group. b) Extra provision of alley gates. c) Working with the Davitts GAC to complete indoor sports provision which is near completion. d) Assisting Willowbank FC with a new 3G pitch. e) Establishment of a Social Superniarket, delivering food vouchers and wraparound support to 270 families. fj Sourcing additional floor space for expansion of our charity. STRUCTURE, COVERNANCE AND mANAGE1ENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, l imited by guarantee, as defined by the Companies Act 2006. Governance of the Charity During the period under review the directors met bi-monthly, Trusteesldirectors are appointed by nominations made in writing by any existing director. At th¢ General Meeting nominated directors are appointed by election.
lackie mmuni ou ort of the Trustees ear nded 31 Mareh 2 STRUCTURE, GOVERNANCE AND IIqANAGEMFNT Risk management The principles of good governance are embedded within all aspects of Blackie River Community Group Limited operations with management and staff being keenly aware of the Boards responsibility of ensuring that the organisation protects itself from financial exposure and reputational damage, A close working relationship is maintained between the Board and management to ensure that operationally staff are aware of the standards required of thcm by the Board and the Board are always in a position to provide guidanc¢ and support to management in the discharge of their duties. This two way relationship is the key feature of Blackie River Community Group Limited governance arrangements and is a key strength in the company. A conscientious approach to ensurtng that contractual project requirements are achieved has been maintained at all times both in the accounting period being reported on and since Blackie River Community Group l.imited establishment. Very tight financial controls on expenditure and all financial commitments are maintsined at all times and project staff have been trained and have become experienced in budgetary ontrols.ln both these areas ie Project delivery and financial controls management all staff have established close working relationships with funding organisations to ensure all mandatory standards are consistently achieved. Board representatives also actively engage with funding bodies. The Board, management and staff are fully aware that the nature of the work in which Blackie River Comrnunity Group Limited is involved can bring with it a high level of scrutiny to ensure that all activities are fully compliant with funding requirements and,therefore, beyond reproach.The Board of Blackic River Community Group Limited is, therefore, greatly reassured of the company's compliance with the highest of standards of governance on the basis that all monitoring and evaluation of project delivery demonstrates achievement of all funders objectives and that funders, audits and vouching of financial expenditure and the statutory audit Lonfimi compliance with both probity and regularity in the use of monies received. EVELYTS SINCE THE END OF THE YEAR Information relating to events since the end of the year is given in the notes to the financial statements. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Blackie River Community Groups for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
lacki ver ommuni ort of the Trustees STATEMENT OF TRUSTEES, RESPONSIBILITIES - eontinued Company law requires the trustees to Prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the statc of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for that period. In preparing those financial statements, the trustecs are required to select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP; make judgements and estTTnates that are reasonable and prudent. stste whether applicable accounting standards have been followed, subject to any material departures discloscd and explained in the financial statements. prepare th¢ financial statements on the going concern basis unless il is inappropriate to presume that the charitable company will continu¢ in business. The trustees are responsible for keeping proper aocounting records which disclose with reasonable accuracy at any tirn¢ the financial position of the charitable company and to enable them to ensure that the financial staternents comply with the Companies Act 2006. They are also responsible for safcguarding the assets of th¢ charitable company and h¢nce for taking reasonable steps for th¢ prevention and d¢t¢Gtion of fraud and other irregularities. In so far as the trustees are awar¢: there is no relevant audit inforniation of which the charitable company's auditors are unawar¢' and the trustees havc taken all steps that they ought to have taken to make themselves aware of any relevant audit inforniation and to establish that the auditors are aware of that information. AUDITORS The auditors, Lynn Drake & Co Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting. Report of the trustees, incorporating a strategic report, approved by order of th¢ board of trustees, as the company directors, on 26 September 2025 and signed on the board's b¢half by: Sean Quinn - Trustee
e Inde endent A bers of Opinion We have audited the financial statements of Blackie River Community Groups (the 'charitable company,) for the year ended 31 March 2025 which comprise the Statement of Financial Activities. the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, 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 (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its inci)ming resourc¢s and application of resources, including its income and expenditure, for the year then have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and have been prepared in accordance with the r¢quirements of the Companies Act 2006. Basis for oplnlon We conducted our audit in accordance with International StAndards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concerD In auditing the financial statements, we hav¢ concluded that the trustses, us¢ of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfornied, we have not identifi¢d any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authoris¢d for issue. Our responsibiliti¢s and the responsibilities of the trustees with r¢spect to Soing concern are described in the relevant sections of this report, Other information Th¢ trustees are responsible for the other infomation. The other inforniation comprises the information included in the Annual Report, other than the financial statements and our Report of the Indepcndent Auditors Ihereon, Our opinion on the financial statements does not cover the other inforniation and, except to the extent otherwise explicitly stated in our repo¢ we do not express any fonn of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other infomiation and, in doing so, consider whether the other inforniation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be matcrially misstated. If we identify such material inconsistencies or apparent material misstaternents, we are required to deterniine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have perfom)ed, we conclude that there is a material misstatement of this other infonnation, we are required to report that fact. We have nothing to report in this regard.
ort of the Inde endent Auditor5 to the Members ver Communi Bl Opinions on other matters prescribed by the Companies Act 21MI6 In our opinion, based on the work undertaken in the course of the audit: the inforniation given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements. and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledgFe and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 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 from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns. or certain disclosures of trustees, remuneration specified by law are not made. or we have not received all the Inforntion and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also ihe directors of the charitable Company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such inlernal ontrol as the trustees determine is necessary to enable the preparation of financial statements that are free from materiaLmi&8tatement.whether due .to fraud OLerror. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to conlinu¢ as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Irustees either intend to liquidat¢ the Charitable company or to cease operations, or have no realistic alternative but to do so.
ort of the Ind endent Auditors to th M er Comm Our responsibilities for tbe audit of tbe financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that 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 misstatement when it exists. Misstatemcnts 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 us¢rs taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 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. In particular, we looked at where management made subjective judgements, for example in respect of accounting estimates that involved making assumptions and considering future events that are inherently uncertain. We also considered potential financial or other pressures, opportunity and motivations for fraud. As part of this discussion, we identified the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations and how management monitor these processes. Appropriate procedures included thc review and testing of manual journals and key estimates and judgements made by management for risk of fraud. Based on our understanding of the company and industy, we identified the principal risks of non-compliance with laws and regulations a8 those that hav¢ a direct impact on the d¢t¢rniination of material amounts and disclosures in the financial statements. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements and identified the greatest potential for fraud. We communicated the identified laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit. Audit procedures perforn]ed included, but were not limited to.. Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud; Reviewing the financial statement disclosures and testing to supporting documentation; Review of board meeting minutes of those charged with governance. In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments. 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 th¢ risks of material misstatement of the financial statements, whether du¢ to fraud or error, design and perfomi audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not dctecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involv¢ collusion, forgery, intentional omissions, misrepresentations, or the override of intcrnal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Charities intemal control. 10
ort of the Inde endent Auditors t th M mb mm Evaluate the appropriatcness of accounting policies used and the reasonableness of accounting estimates and r¢lated disclosures made by the truste¢s. Perforni analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud or error. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting dnd based on the audit evidence obtained, whether a material uncertatnty exists relaled to events or conditions that may cast significant doubt on the charities ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosur¢s are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the 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, structure, and content of the financial statements, including the disclosures and whether the financial statements represent 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 significant deficiencies in internal control that we identify during our audit. A further d¢scription of our r¢sponsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uldauditorsresponsibilities. This description fornis part of our Report of the Independent Auditors. Use of our report This report is made solely to the charitable company'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 stat¢ to the charitable company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent p¢rn]itt¢d by law, we do not accept or assume responsibility to anyone other tha the charitable company and the charitable company's members as a body> for our audit work, for this repo or for the opinions we have fornied. Billy Drake ( for and on beh Statutory Audit I st Floor 34 B-D Main Street Moira Co. Amiagh BT67 OLE enior Statutory Auditor) If of Lynn Drake & Co Ltd rs 26 September 2025
Blackie River Communi Grou Statement of Finan ial Activities Incor oratin an Income and Ex for th enditure Account 31.3.25 Total funds 31.3.24 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Charitable activities Grants Receivable 970,046 970,046 1,081,855 Other trading activities 494,170 494,170 469,440 Totr4l 494,170 970,046 1,464,216 1,551,295 EXPENDITURE ON Cbarilable activities Direct Charitable Expenditure Governance 477,878 14,685 975,604 9,742 1,453,482 24,427 1,627,358 29.550 Tolal 492,563 985,346 1,477,909 1,656,908 NET INCOMEI(EXPENDITURE) 1.607 (15,300) {13,693) (105,613) RECONCILL4TION OF FUNDS To1 funds brought forward 200,877 64,516 265,393 371,006 TOTAL FUNDS CARIUED FORWARD 202,484 49,216 251,700 265,393 The notes forn] part of these financial statements 12
lackie River mmuni Grou em nt fFin 31 March 2025 os'tion 31.3.25 31.3.24 Notes FXXED ASSETS Tangible assets 10 50,796 66,885 ctFRRENT ASSETS Debtors Cash at bank 147,337 89,264 174,115 56,128 236,601 230,243 CREDITORS Amounts falling due within one year 12 (35.697) (31,735) NET CURRENT ASSETS 200,904 198,508 TOTAL ASSETS LESS CURRENT LIABILITIES 251,700 265,393 NET ASSETS 251,700 265,393 FUNDS Unrestricted funds Restrictcd funds 14 202,484 49,216 200,877 64,516 TOTAL FUNDS 251,700 265,393 The financial statements were approved by the Board of Trustces and authorised for issue on 26 September 2025 and were signed on its behalf by.. Sean Quinn - Trustee Raymond Lavery - T stee The notes forni part of these financial statements 13
Blxckie River CommuDi rou tat Flow arch 2025 31.3.25 31.3.24 Notes Cash nows from operating activities Cash generated from op¢rations 33,136 (157,242) Net cash provided by/(used in) operating activities 33,136 (157,242) Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reportillg period 33,136 (157,242) 56.E28 213,370 Cash and cash equivalents at the end of the reporting period 89,264 56.128 The notes form part of these finallcial statements 14
Bl'ackie River C mmuni Grou Notes to the Statement of Cash FRO or the Year Ended 31 March 202 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.25 31.3.24 Net expenditure for the reporting period (as per tbe Statement of Financial Activities) Adjustments for: Depreciation charges Decrease/(increase) in debtors Increase in creditors (13,693) (105,613) 16,089 26,778 3,962 17,770 (73,961) 4,562 Net cash provided byl(used in) operntions 33,136 (157.242) ANALYSIS OF CHANGES IN NET FUNDS At 114/24 Cash flow At 3113125 Net eash Cash at bank 56,128 33,136 89,264 56,128 33,136 89,264 To¢41 56,128 33,136 89,264 The notes forn] part of these financial statements 15
est the inancial tatements AccouwfING POLICIES Basis of preparing the financial statements Blackie River Community Groups Limited is constituted as a company limited by guardntee incorporated in Northern Ireland (N1035799). In the event of the charity being would up, the liability in respect of the guarantee is limited to £1 per member of the charity. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recornmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in 2019 the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), th¢ Charities Act (Northern Ireland) 2013, the Companies Act 2006 and UK Generally Accepted Practice. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial ststements are presented in sterling which is the functional currency of the charity. The significant accounting policies applied in the preparation of these financial statements are set out below. Thes¢ policies have been consistently applied to all years presented unless otherwise stated. (b) Funds Unr¢stri¢t¢d funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular pUOSe$, The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund, The aim and us¢ of each r¢stricted fund is set out in the notes to the financial statements. Further explanation of th¢ nature and purpose of each fund is included in th¢ not¢s to the financial staternents. (c) Income recognition All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any perforniance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a Icvcl of performance before entitlement can be obtained then income is deferred unttl those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities (SOFA) when reccivable. Income received from collections is recognised when received. 16 continued..
he Financial Statements - continu ACCOUNTING POLICIES - continued Basis of preparing the financial statements Donated facilities and donated professional s¢rvic¢s are reco]Sed in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is detemined on the basis of ihe value of the gift to the charity. For example the amount the charity would be willing to pay in the open mark¢t for such facilities and services. A corresponding amount is recognised in expenditure. No amount is included tn the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees, Annual Report. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised, On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed. Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. The charity receives government grants which are detailed within the notes to these financial statements. Income from govemment and other grants are recognised at fair value when the charity has entitlement after any perfomance conditions have been met, it is probable that the incorne will be received and th¢ amount can be measUd reliably. If entitl¢m¢nt is not m¢t then thes¢ amounts are deferred. (D) Expenditiure recognition All expenditure is accounted for on an accruals basis, inclusive of V AT which cannot be recovered and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make paymenls to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. 11 is categorised under the following headings: Costs of raising funds includes the costs associated with attracting voluntary incomes; Expenditure on charitable activities includes those costs incurred by the charity in the delivery of it5 activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. and Othcr expenditure represents those items not falling into the categories above. Irrecoverable V AT is charged as an expense against the activity for which expenditure arose. Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to perfornianLe then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity. (e) Support costs allocation 17 continued...
Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - continued Basis of preparing the fiDaDcial statements Support costs are those that assist the work of the charity but do not directly represent charitsble activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management Caled out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Premises overheads have been allocated on an insert detail basis and other overheads have been allocated on a basis consistent with the use of resources. Fund-raising costs are thosc incurred in seeking voluntary contributions and do not include the costs of disseminating infonnation in support of the charitable activities. (D Tangible fixed assets Tangible fixed assets are stated at Cost less accumulated depreciation and accumulated impairnient losses. Cost includes costs directly attributable to making the asset capable of operating as intend¢d. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimaled residual value, of each asset on a systematic basis over its expected useful life as follows: Buildings I 00/0 Straight Line Equipment - 25% Straight Line (g) Financial Instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provision of the instrument. Basic financial instruments are initially recognised at the amounts receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or relived and not discounted. Debt instruments are subsequently measured at amortised cost. Where investnients in shares are publicly traded or their fair value can otherwise be measured rcliably, the investment is subsequently measured at fair value with changes in fair value reCOlSed in income and expenditure. All other such investments are subsequently measured at cost less impairnient. Other financial instruments, including derivatives, are initially reco8nised at fair value, unless payment for an asset is deferred beyond nornial business ternis or financed at a rate of interest that is not a market rate, in which case the a55et is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designed hedging relationship. 18 continued...
otes to the Finan atements - contin ACCOUNTING POLICIES- continued Basis of preparing the financial slatements Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impainnent at the end of each reporting date. if there is objective evidence of impairnient an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain is recognised. For all equity instruments regardless of significance. and other financial assets that are individually significant, these are assessed individually for impairnient. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics, Any reversals of impairnient are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exce¢ds what the carrying amount would have been had the impainnent not previously been recognised. (b) Impairment Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date, If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount, Where the canying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is arried at a revalued amount where the impaimient loss is a revaluation decrease. (l) Provision$ Provisions are recogni5¢d when the charity has an obligation at the balance sheet date as a r¢sult of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. (i) Leases Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease terni and the expected useful life of the asset. Minimutn lease paymeiits are apportioned between the finance chargc and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors. Rentals payable and receivable under operating leases are charged to the SOFA on a straight line basis over the period of the lease. (k) Tax No provision is required for taxation as the company is defined as a charity for taxation purposes. The charity is a registered charity and so such is entitled to certain tax exemptions on income and profits from investments and surpluscs on any trading activities carried on in furtherance of the charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes. (l) Going concern 19 continued...
mm ni ot to the Fin ncial ACCOUNTING POLICIES- continued Basis of preparing the financial statements The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The truslees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is suificient with the level of reserves for the charity to b¢ able to conlinue as a going concern. (m) Accounting estimates and areas of j udgement The preparation of the financial statements requires management to make judgements, estimates 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 reasonable under the circumstances. The items in th¢ financial statements where these judgements and estimates have been made include: (i) estimating th¢ useful economic lif¢ of tangible fixed assets (li) property valuation (iii) allocation of expenditure and support costs Taxation Thc charity is exempt from Lorporation tax on its charitable activities. Fund aCCOUDtiDg Unrestricted funds can be used in a¢cordance with th¢ charitable objectives at the discretion of the trustees. R¢stri¢t¢d funds can only be used for particular restricted pury)oses within the objects of ihe charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 20 continued...
Notes to tbe Financial Statements - continued arE March 2025 OTHER TRADING ACTIVITIES 31.3.25 31.3.24 Daycare Fees Donations Training Income Other Income Summer Scheme Fees After School Fees 344,069 940 58,409 571 26,790 63,391 314.422 5,613 65,413 258 21,846 61,888 494,170 469,440 INCOIVIE FROM CHAIUTABLE ACTIVITIES 31.3.25 31.3.24 Activity Grants Receivabl¢ Granls 970,046 1,081,855 Grants received, included in the above, are as follows: 31.3.25 31.3.24 BHSCT re SLA BHSCT- Family Support / B¢haviour Belfast City Council - Running Costs Dfc Health Dfc Education DtE Infrastructure DE (through HSCB) Brightstart Pathway Fund BHSCT- Lead Body BH&SCT- Addendum FS Hub Lead Body CIT - Policing & Community Safety The Executive Offi¢¢ - Communities in Transition {Phase 3) ARCS Belfast City Council - Social Superniarket 2 Clear Belfast City Council - Discretionary Fund Belfast City Council - Racism Event Belfast City Council - Social Superniarket 3 GP Federation - Seed Funding 36,301 20.637 20,629 21,658 138,677 39,731 269.225 14,494 32,000 60,964 35,246 19,547 20,000 19,999 121,275 37,722 244,750 14,654 30,000 44,388 15,909 7,940 328,890 8,000 109,735 3,800 20,000 4,500 244,433 300 62.497 4.OQO 970,046 1,08l.855 21 continued...
Blackie River Communi rou N t s t the Financial Statements - CODtinued for the Year End CHAIUTABLE ACTIVITIES COSTS Support costs (see note 5) Direct Costs Totals Direct Charitable Expenditure Governance 1,453,482 1,453,482 24,427 24,427 1,453,482 24,427 1,477,909 SUPPORT COSTS Governance costs Governance 24,427 NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charginsl(crediting): 31.3.25 31.3.24 Accountancy Fees Audit Fees Depreciation - owned assets 3,688 2,000 16,089 3,154 2,000 17,770 TRUSTEES, REMUIYERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Truslee8' expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for th¢ year ended 31 March 2024. 22 continued...
Blackie River Communi Grou Notes to the Financial Stat or tbe Year Ended 31 M ments - continue STAFF COSTS 31.3.25 3l.3.24 Wages and salaries Social security costs Other pension costs 744,988 35,979 30,962 786,161 33,469 30,441 811,929 850,071 The average monthly number of employees during the year was as follows: 31.3.25 42 31.3.24 44 Management and Administration No employees received emoluments in excess of£60,000. The key management personnel of the charity comprise of the Chief Executive and Senior management team. The salaries paid to kcy management personnel being the Chief Executive Officer, Programme Co-ordinators and Finance Manager, during the year totalled £181,123, (2024.. £157.930). COMPARATTVES FOR THE STATEMENT OF FINANCIAL ACTIVITIF.S Unrestricted Restrictcd fund funds Total funds IIYCOME AND ENDOWMENTS FROM Charitable activities Grants Receivable 1,081,855 1,081,855 Other trading activities 469,440 469,440 Total 469,440 ,081,855 1,551,295 EXPENDITURE ON Charitable activilies Direct Charitable Expcnditure Governance 525,203 29,550 1,102,155 1,627,358 29,550 Total 554,753 1,102,155 1,656,908 NET INCOMEI{EXPENDITURE) (85,313) (20,300) (105,613) RECONCILIATION OF FUNDS Total funds brought forward 286,190 84,816 371,006 23 continued...
Blackie River Communi Grou Notes to the Financial Statements - continued for the Year Ended 31 M rc 02 cOPARATIVEs FOR THE STATEMENT OF FINANCIAL ACTtVlTIES- continued Unrestricted Restricted Total fund funds funds TOTAL FUNDS CARRIED FORWARD 200,877 64,516 265,393 10. TANGIBLE FIXED ASSETS Improvements to propety Equipment Totals COST At l April 2024 and 31 March 2025 887,800 192,603 1,080.403 DEPRECIATION At l April 2024 Charge for y¢ar 820,915 16,089 192,603 ,013,518 16,089 At 31 March 2025 837,004 192,603 1,029,607 NET BOOK VALUE At 31 March 2025 50,796 50,796 At 31 March 2024 66,885 66,885 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors The Exccutive Office ARCS Clear Belfast City Council 8,939 110,901 22,601 106.595 8,000 760 36.159 27,497 147,337 174,1 15 24 continued.
Blackie River Commun Grou cial St nts- in 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Accrued expenses 35,697 31,735 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.25 Total funds 31.3.24 Total funds Unrestricted Restrictcd fund funds Fixed assets Current assets Current liabilities 1,580 231,482 (30,578) 49,216 5,119 (5,119) 50,796 236,601 (35,697) 66.885 230,243 (31,735) 202,484 49,216 251.700 265,393 14. MOVEMENT IN FUNDS Net movement in funds Al 3113125 At 114124 Unrestricted funds General fund 200,877 1,607 202,484 Restricted funds Belfast City Council - Internal Works(Capital) HSCB - Small Capital Grant Dept For Communities - Capital Build Belfast City Council - Toilet Upgrade 7,500 1,000 38,556 17,460 (2,500) (250) (9,640) (2,910) 5,000 750 28,916 14,550 64,516 (15,300) 49.216 TOTAL FUNDS 265,393 (13,693) 251,700 25 continued...
Notes to the Financial St t ments- continued rEnd arcb 2025 14. MOVEMENT IN FUNDS - Continued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 494,170 (492,563) 1.607 Restricted funds BHSCT - Family Support / Behaviour BHSCT re SLA Belfast City Council - Running Costs Dfc Health Dfc Education Dfc Infrastructure DE (througyh HSCB) Brightstart Pathway Fund BHSCT - Lead Body Belfast City Council Intemal Works(Capital) HSCB - Small Capital Grant Dept For Communities- Capital Build Belfast City Council - Toilet Upgrade CIT - Policing & Community Safety The Executive Office - Communities in Transition (Phase 3) Belfast City Council - Racism Event Bclfast City Council - Social Supennarket 3 GP Federation - Seed Funding 20,637 36,301 20,629 21,658 138,677 39,731 269,225 14,494 32,000 60,964 {20,637) (36,301) (20,629) (21,658) (13 8,677) (39,731) (269,225) (14,494) (32,000) {60,964) (2,500) (250) {9,640) {2,910) (4,500) (2,500) (250) (9,640) (2,910) 4,500 244,433 300 (244,433) (300) 62,497 4,000 (62,497) {4,000) 970,046 (985,346) (15,300) TOTAL FUNDS 1,464,216 (1,477,909) (13,693) 26 continued..
Riv otes to tbe Financial Statements - continu 14. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds At 3113124 At 114123 UnrestrACted funds General fund 286,190 (85,313) 200,877 Restricted funds Belfast City Council - Internal Works(Capital) HSCB- Small Capital Grant Dept For Communities- Capital Build Belfast City Council - Toilet Upgrade B&Q Foundation i 0,000 1,250 48,196 20,370 5,000 {2,500) (250) (9,640) (2,910) (5,000) 7,500 1,000 38,556 17,460 84,816 (20,300) 64,516 TOTAL FUNDS 371,006 (105,613) 265,393 27 continued...
Notes to the Financial Statements - continued rE d d31 ch 2025 14. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unreslricted funds General fund 469,440 {554,753) (85,313) Restricted funds BHSCT - Family Support / Behaviour BHSCT re SLA Belfast City Council - Running Costs DtE Health DtE Education DIE Infrastructure DE (through HSCB) Brightstart Pathway Fund BHSCT - Lead Body Belfast City Council - Internal Works(Capital) BH&SCT- Addendum FS Hub Lead Body HSCB - Small Capital Grant Dept For Communities - Capital Build Belfast City Council - Toilet Upgrad¢ B&Q Foundation CIT- Policing & Community Safety I'he Executive Office - Communities in I'ransilion (Phase 3) ARCS Belfast City Council - Social Superniarket 2 Clear Belfast City Council - Discretionary Fund 19,547 35,246 20,000 19,999 121,275 37,722 244,750 14,654 30,000 44,388 {19,547) (35,246) (20,000) (19,999) (121,275) (37,722} (244,750) (14,654) (30,000) (44.388) (2,500) (2,500) 15,909 (15,909) (250) (9,640) (2,910) (5,000) {7,940) (250) (9,640) (2,910) (5,000) 7,940 328,890 8,000 (328,890) (8,000) 109,735 3,800 (109,735) (3,800) 20,000 (20,000) 1,081,855 (1,102,155) (20,300) TOTAL FUM)S 1,551,295 (1,656,908) (105,613) 28 continued...
lackie R. ole5 lo the Financial Stalements- continued the arE 15. COWtINGENT LL4BILITIES A contingent liability exists to repay grants received should certain conditions not be fulfilled by the charity. 16. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2025. 17. POST BALANCE SHEET EVENTS There were no events after the reporting period therefore no material issues need disclosed. 18. COMPANY CHARGE A Company Charge was created on 19th September 2000 between Dept of Social and Churchill House. The Charge consisted of premises comprised in a debenture, Land and Premises at Beechmount Pass Belfast, comprised in a lease made 18th September 2000 between NIHE and Blackie River Community Groups. 19. WINDING UP Every member of the Company undertakes to contribut¢ to the assets of the Company, in th¢ ¢v¢nt of the same being wound up while it is a member, or within one year after it ceases to be a member, for payment of the debts and liabilities of the Company contracted before it ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributorfs among themselves. such amount as Inay be required not exceeding one pound. 20. SHARE CAPITAL The Company is Limited by Guarantee and has no Share Capital 29
etailed Statement of Fina cial Activilies 31.3.25 31.3.24 INCOME AND ENDOWMENTS Other trading activities Daycare Fees Donations Training Income Other Income Sumrner Scheme Fees After School Fees 344,069 940 58,409 571 26,790 63,391 314,422 5,613 65,413 258 21,846 61,888 494,170 469,440 Charitable activities Grants 970,046 1,081,855 TotAI incoming resources 1,464,216 1,551,295 EXPENDITURE Charitable activities Wages Social security Pensions Insuranc¢ Lighi and Ii¢at Telephone and Internet Printing and Stationery Advertising Staff Training & Development Travel and Subsistence Repairs and Maintenance Creche Food Direct Programme Costs Affiliation & Membership Surestart Programmes Milk Photocopier IT Maintenance & Support Education Development Consultancy Health & Safety Depreciation 744,988 35,979 30,962 6,507 20,841 6,895 4.971 786,161 33,469 30,441 5,870 22,098 6,025 4,455 450 3,063 2,470 28,994 12,377 574,299 4,966 37,452 1,330 908 2,138 44,289 8,333 4,776 2,984 13,599 12,248 433,754 7,634 62,292 2,164 880 2,693 38,268 4,008 950 16,089 17,770 1,453,482 1,627,358 This page does not forni part of the statutory financial statements 30
lac iver Com Delailed Statement of Financial Acliviti 31.3.25 31.3.24 Support costs Governance eosls Accountancy Fees Audit Fees Bank Fees Water Rates Cleaning & Caretaker Staff Unifonns General Expenses Legal & Professional Fees 3,688 2,000 3,456 4,353 7,389 3,057 484 3,154 2,000 3,180 3,968 8,943 6,623 662 1,020 24,427 29,550 Total resources expended 1,477,909 1,656,908 Net expenditure (13,693) {105,613) This page does not fonn part of the statutory financial statements 31
Appendlx One Total Grants received from DE {through HSCB) was £269,225 a5 per Note 3 of the accounts. Bee¢hmount Sure Start Salarles & Wages Dlrect Sala Costs Salaries Pension HMRC 111,364,64 8,104.25 133,804.00 Goods & Servlces Finance and Admin Rent & Rates Blackie Rlver Centre Heat. Llght, Power and Water Blackie River Centre Malntenance and R¢pairs Blackie Rlver Centre Telephone and Moblle Phones Telephone, Fax and Internet Cleanlng 81ackie River Centre Office Stationeryl Supplies Ulster Business Equlpment Bank Fees Auditing stationery Irtrsurance Resources Training Programmesl Events Venue Hlre Programmes for Parents Accountable Bodv Blackie River Community Groups Daycare Blackie- I x Full time lonad- I x Full time 3,684.00 5,256.40 3,504.27 S84.04 I,100,00 876.06 500.00 314.83 813.60 1,500.00 9,467.82 4,653.59 3,504.27 9,637.85 3,504.27 8,260.00 65,421.00 Pro8ramrne for 2 Year Olds Blackie River Centre Ionad Uibh Eachach 35,000.00 Total This page does not forrn part of the statutory fi'nancial statemeFits 32
DE Ithrough HSCB) f r the Year Ended 31 March 2025 Balan Flxed Assets Current Assets Debtors Bank Account Total Current Assets rrent Accruals Total Current Llablllties Net Assets Less Current Llablllties Restrlcted Total Funds This page does not form part of the statutory fi'nancial statements 33