Ards Development Bureau & Community Network
Statement of Financial Activities (incorporating the Income and Expenditure Account)
For the Year Ended 31 March 2025
Llnre5tricbJ Resthctsd
frjfyjs
Total
2025
Total
2024
Incomè from:
Grants
Other income
Bank interest
308,552 308.552
8,054
109
250,830
18,885
237
8,054
109
Total Income
8,054
308,661
316.715
269,952
Expenditure on:
Charitable activities
Direct costs
Support &
Govemance costs
196,219 196.219
182,933
115,317 115,317
g3,567
Total expenditure
311,536 311,536
276,500
Net incomel(expenditure)
8.054
(2,875)
5,179
(6.548>
Transfars between funds
Net movement in funds
8.054
(2,875)
5,179
(8,548)
Reconciliation of funds".
Total funds brought forward
239,653
1,113.582 1,353,235
1,359,783
Fund balances at 31 March
2024
247,707
1,110,707 1,358,414
1,353,235
The statement of financial activities includes all gains and losses recognised in the year.
All income and expendtture derive from conbnuing activities.
The ststement of financial activities also complies with the requirements for an income and expenditure
account under the Companies Act 2006.

Ards Development Bureau & Community Network
Balance Sheet
For the Year Ended 31 March 2025
2025
2024
Fixed assets
Tangible assets
1,351,159
1,357,316
Current assets
Debtors
Cash at bank and in hand
1,351,159
1,357,316
57,805
83,307
45,985
55,836
141,112
101,821
Creditors: amounts falling due within one year
(133,857)
(105,902)
Net current assets
7,255
<4,081)
Total assets less current liabilities
1,358,414
1,353,235
Income funds
Restricted funds
Unrestricted funds
10
1,110,707
247,707
1,113,582
239,653
Total charity funds
1,358,414
1,353,235
The company is entitled to the exemption from the audit requirement contained in section 477 of the
Companies Act 2006 for the year ended 31 March 2025. No member of the company has deposited a
notice, pursuant to section 476, requiring an audit of these accounts under the requirements of the
Companies Act 2006.
The trustees acknowledge their responsibilities for ensuring that the charity keeps accounts'ng records which
comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of
affairs of the company as at the end of the financial year and of its incoming resources and application of
resources, including its income and expenditure, for the financial year in accordance with the requirements
of sections 394 and 395 and which othejwise comply with the requirements of the Companies Act 2006
relating to accounts, so far as applicable to the company.
Thése accounts have been prepared in accordance with the provisions applicable to companies, subject to
the small companies, regime.
The financial ststements were approved and authortsed for issue by the Board on 17 December 2025.
Signed on behalf of the board of trustees
J Gill
Trustee
D W McAlonan
Trustee & Chair
Company Registration No. N1037588
10

Ards Development Bureau & Communty Network
Notes to the Financial Statsments
For the Year Ended 31 March 2025
Summary of signrFicant accounting policies
(a) General rnforniation and basis of preparation
Ards Development Bureau & Community Ne￿Ork is a private company limited by guarantee,
registered in Northern Ireland and a registered charity in Northern Ireland. The address of the
registered office is 55-55A Fran￿$ Stree( Newtownards, Co. Down, BT23 7DX.
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
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applirAble in the UK and Republic of Ireland (FRS 102) issued on 1 S
July 2014 (as updated through Update Bulletin 1 published on 2 February 2016), the Financial
Reporting Stsndard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities
Act (Northern Ireland) 2008, the Companies Act 2006 and UK Generally AC￿pted Accounting
Practice.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a
cash flow statement on the grounds that it is applying FRS 102 Section 1A
The financial statements are prepared on a going concem basis under the historical cost convention
modified to include certain items at fair value. The financial statements are presented in sterling which
is the fiJnctional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.
(b) Funds
Unrestricted funds a￿ avallable for use at the discretion of the trustees in fvrtherance 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
purposes. 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 use of each restricted
fund is set out in the notes to the financial statements.
(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 performance conditions have been met, the amount can be
measured reliably, and tt is probable that the income will be receNed.
Voluntary income is received by way of grants, donations and gifts and is included in the full Statement
of Financial Activities when recetvable. Grants, where entitlement is not conditional on the delivery of a
specific performance by the charity, are recognise(f when the charity becomes unconditionally entitled
to the grant.
Donated facilities and donated professional seNices are recognised 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 the value of the gift to the char(ty. For example, the

Ards Development Bureau & Community Network
Notes to the Financial Statements
For the Year Ended 31 March 2025
amount the charity would be willing to pay in the open market for such facilities and services. A
corresponding amount is recognised in expenditure.
No amount is included in the financial statements for volunteer time in line with the SORP {FRS 102>.
Further detail is given in the Trustees, Annual Report.
Income derived from events is recognised as eamed (that is, as the related goods or services are
provided}-
Investment income is included when receivable.
Income from charitable acts'vities includes income recognised as earned (as the related goods or
services are provided) under contract or where entitlement to grant fvnding is subject specific
performance conditions. Grant income included in this category provides funding to support
programme activities and is recognised where there is entitlement, probable receipt and the amount
can be measured with sufficient reliability.
(dl Expenditure recognition
All expenditure is accounted for on an accruals basis 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 payments to third parties, it is probable that the settlement will be
required, and the amount of the obligation can be measured reliably. It is categorised under the
following headings:
Costs of raising funds.,
Expenditure on charitsble activities includes., and
Other expenditure represents those items not falling into the categories above.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
(e) Support costs allocation
Support costs are those that assist the work of the charity but do not directly represent charitable
activities and inc5ude office costs, governance costs, administrative payroll costs. They are incurred
directly in support of expenditure on the objects of the charity. 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
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs
of disseminating information in support of the charttable activities.
(fj Tangible fixed assets
Tangible fixed assets, other than freehold land & buildings, are stated at cost (or deemed cost) or
valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs
directly attributable to making the asset capable of operab'ng as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less
estimated residual value, of each asset on a systematic basis over its expected useful life as follows..
Fixtures and fittings
330A per annum reducing balance
12

Ards Development Bureau & Community Network
Notes to the Financial Statements
For the Year Ended 31 March 2025
Computer equipment
Motor vehicles
20°h per annum reducing balance
250h per annum reducing balance
{g) Debtors and creditors receivable I payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairnient are recognised in expenditure.
(h) Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs.
Subsequently, they are measured at amortised cost using the effective interest rate method, less
impairment. If an arrangement constrtutes a finan￿ transaction it is messured at present value.
li) Impaimient
Assets not measured at fair value are reviewed for any indication that the asset may b8 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 carrying amount
exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is
carried at a revalued amount where the impairment loss is a revaluation decrease.
ti) Provisions
Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a
past event, it is probable that an oufflow of economic benefits will be required in settlernent and the
arnount can be reliably estimated.
(k) Leases
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease
term and the expected useful life of the asset. Minimum lease payments are apportioned between the
finance charge 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.
(l) Employee benefits
Vhen employees have rendered seNice to the charity, short-term employee benefits to which the
employees are entitled are recognised at the undiscounted amount expected to be paid in exchange
for that service.
The charity operates a defined contribution plan for the benefit of its employees. Contributions are
expensed as they become payable.
(m) Tax
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is
considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it
meets the definition of a charitable company for UK corporation tax purposes.
13

Ards Development Bureau & Community Network
Notes to the Financial Statements
For the Year Ended 31 March 2025
(n) Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no
material uncertainties exist. The trustees 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 sufficient with the level of reserves for the charity to be able to
continue as a going concern.
Training and investment income
Unrestricted
Restricted
2025
2024
Revenue grant income
308,552
308,552
250,830
308,552
308,552
250,830
Other income
Unrestricted
Restricted
2025
2024
Rental income
8,054
8,054
18,885
8,054
8,054
18,885
Income from investments
2025
2024
Interest receivable
10g
237
109
237
14

Ards Development Bureau & Communty Network
Notes to the Financial Statements
For the Year Ended 31 March 2025
Project costs
Unrestricted
Restricted
2025
2024
Wages and salaries
Staff pension costs
Printing postsge stationery
Rent
Donations
Family poverty packs
Mentoringlfacilitation
Event costs
55,877
4,579
6,283
5,873
55,877
4,579
6,283
5,873
61,075
4,954
3,267
6,997
76,993
46,614
76,993
46,614
70,210
36,430
Total
198,219
196,219 182,933
Governance and support costs
Unrestricted Restricted
2025
2024
Wages and sal8ries
Staff pension costs
Staff training costs
Insurance
Light & heat
Repairs and maintenance
Cleaning
Postage & stationery
Telephone
Computer expenses
Travelling expenses
Legal and professional
Accountancy
Bank charges and interest
Loan interest
Sundry expenses
Depreciation on computer equipment
Depreciation on office equiprnent
DepreGiation on motor vehides
47,899
2,289
47,899
2,289
26,175
2,123
5,192
3,107
21,937
1,767
730
6,999
677
1,927
475
2,010
448
7,882
821
7,795
198
3,164
5,192
3,107
21,937
1,767
730
6,999
677
1,927
475
2,010
448
7,882
821
7,795
198
3,164
5,585
13,706
4,406
2,558
135
6,538
634
5,637
658
1,740
448
7,506
2,710
8.495
296
4,219
115,317
115,317 93,567
15

Ards Development Bureau & Community Network
Notes to the Financial Statements
For the Year Ended 31 March 2025
Tangible fixed assets
Land and
buildings
freehold
Computer
equipment
Office
fijrniture and
fittings
Motor
Vehicles
Total
Cost:
At 1 April 2024
Additions
Disposals
1,310,088
155,276
5,000
68,004
30,000
1,563,368
5,000
At 31 March 2025
1,310,088
160,276
68,004
30,000
1,568,368
Depreclation..
At 1 April 2024
Charge for the year
On Disposal
121,297
7,795
67,411
198
17,344
3,164
206,052
11,157
At 31 March 2025
129,092
67,609
20,508
217,209
Net book value:
At 31 March 2025
310 088
395
1351 159
At 31 March 2024
593
Debtors
2025
2024
Accrued income
Other debtors
57,805
41,945
4,040
57,805
45,985
16

Ards Development Bureau & Communty Nefr￿ork
Notes to the Financial Statements
For the Year Ended 31 March 2025
Creditors: amounts falling due within one year
2025
2024
Loans
Trade creditors
Other tax and social security
Accruals and deferred incoTre
93,796
33,980
96,040
7,063
714
2,085
2,754
133,857
105,902
10 Restrictsd funds
Balance at Income
2024
Expenditure
Transfers
Balance at
2025
Other reserves
Premises
modernisation
Project
Outreach
Communty
Resource
Centres
Scrabo Project
57,818
1,040.194
308.661
(311,536)
54,943
1,040,194
7,054
7,054
8,516
8,516
1.113,582
251,067
(276,500)
1.110,707
The other restricted reserves relate to ongoing projects wÉthin the charity.
The Premises Modemisation Project relates to the cost of the purchase and refurbishment of the
building at 4345 Frances street and is the total cost to date of land and buildings freehold as shown
in note 7.
The Outreach Communty Resour￿ Centres funds relate to the purchase and depreciatton of
computers for these centres.
The Scrabo Project funds relate to the ongoing project in Newtownards.
17

Ards Development Bureau & Communty Network
Notes to the Financial Ststements
For the Year Ended 31 March 2025
11 Contingent liabilities
The grants re￿IVed are subject to repayment rf conditions relevant to their payment do not continue to
be meL Except ft)r the above there are no other commitrnents and contingencies requiring disclosure.
12 Trustees
None of the trustees (or any person connected with them) receNed any remuneration or benefits
from the charity during the year.
13 Employees
The average monthty number of ernployees during the year was:
2025
Number
2024
Number
Employees
14 Staff costs and employee benefrts
No employees received total employee beneffts (excluding employer pension costs) of MO￿ than
£60,000.
15 Taxatlon
No corporation tax has been provided in these accounts because the income of the charty is within
the exemption granted by Section 505 of the Incorne and Corporats'on Taxes Act 1988.
16
Company limited by guarantee
The company is limited by guarantee. The liability of each member is limited to £1 each.
17
Related party transactions
There were no ￿lated paty transactions during the year.
18