COMPANY REGISTRATION NUMBER N1038017
BALLYMAC FRIENDSHIP TRUST LTD
FINANCIAL STATEMENTS
31 MARCH 2023
Charlty Number NIC103722

BALLYMAC FRIENDSHIP TRUST LTD
FINANCIAL STATEMENTS
31 MARCH 2023
CONTENTS
Trustees Annual Report
Independent examlner's report to the members
Statement of flnancial activities Ilncorporatln8 the
income and expenditure account)
Balance Sheet
Notes to the flnanclal statements
PAGE
The followln8 Pa8es do not form part ot the flnanclal
stat•ment$
Oetslled statement of financial activlties
15

BALLYMAC FRIENDSHIP TRUST LTD
TRUSTEES ANNUAL REPORT
31 MARCH 2023
The trustees, who are also dlrectors for the purposes of company law, present their report and the unaudited
financlal Statements of the company for the year ended 31 March 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Rellstered Charlty Name:
Ballymac Friendshlp Trust Ltd
Chartty R￿lttratl0n Number:
XR35319
Company R•ilstr•tlon Number:
N1038017
Prln¢lp•l Offlc•:
Ballymac Friendshlp Centre
la Fraser Pass
Newtownards Road
Belfast
BT4 IBP
Re8lrtered Offlce:
IJ Fraser Pass
Newtownards Road
Belfast
BT4 IBP
The TNrteoJ
The trustees who served the comp8ny durlng the perlod were as follows;
Mr S.Beattle
Ms K.Holmes
Ms M Mehaffey Ms L,Todd

BALLYMAC FRIENDSHIP TRUST LTD
TRUSTEES ANNUAL REPORT
31 MARCH 2023
INDEPENDENT EXAMINER
Gary Edwards, a member of the Chartered Institute of Management Accountants, has been re-appolnted as
Independent exam iner for the ensuing year.
la Fraser Pass
Slgned on behalf of the trustees
Newtownards Road
Belfast
BT4 IBP
Ms L.Todd
Trustee
Date,.
2bz3

BALLYMAC FRIENDSHIP TRUST LTD
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF
BALLYMAC FRIENDSHIP TRUST LTD
31 MARCH 2023
report on the a¢¢ounts of th• company for the year ended 31* Mirch 2023 whlch Ire set cut cn the followln8 pa8es,
R•lP•rt￿• R•sponilblllEles of Tru$tseJ Ind Ex•mln•r
The tru$lee5 Iwho pre alsoihe dlrectors of 8allym•c Frl•ndshlp Trust Ltd for ihe purposes of company lawl are Te5ponslble for the
prepHr?tion olthe attounts. The trust••5 conslder that an audlt Is not requlredfor thls year under secllon 144121 of the Charltles Act 2011
and that an Ind•p8ndent •x•mlnatlori Is needed.
H4￿n8 5•tlsfted myself ihat the company Is not subject to audlt under company law and Is ellBlble for Independent exarnlnitlon, It Is my
r•5ponslblllty to.,
Eyamine the a¢tounts under soctlon 145 of the 2011 Att,
To follow th• prc<•dure5 lald down In the g•n•ral dlr•ctlons 8lven by the Charlty Commlsslon under section 145ISllbl of t*•
2011 ACL.
And
Tts stat• Wh￿h￿r partlcul•r rn3tter5 have ¢omt to my •tt•ntlon,
B•slJ of Indep•ndent EMmln•rfs R•port
My emarnlnalion was carrl•d out In accordgDcÈ wlth th• g•neral dlrecllon5 8iven by th• Charlty Comm1s51on. An emarnlnatlon Include5
r•vlew of the &ccountln8 iecord5 kÈpi by th• company and a comparlson of the accounts presented wilh thos• rtcords. It also Iritludes
COn5IdeiJllon ot any unusu&l Items or dlsclosures In th• accounty, Bnd seeking explanatlons from you as trustee5 ¢0ncernlrig 4bny such
mitter5. The procedvTÈS und•rtak•n do nol prO￿de all the evldence that would bE requlr•d In an audlt and consequently no oplnlon Is
Iven as lo wh•th•i the accounts pre¥Nt B 'lruè and falr, vl•w Ind the report is Ilmlted to thos• rnatterj set out in thè stit•m•nt below,
Ind•p•nd•nt Ex•mIne￿I Ststernent
In connectlon wlth my •xamln•tlon, no matteib45 come to my att•ntlon,'
Whlch ¥lve5 rne reasonabl• cause to iJ•lleve that in any mat•rlal respect the requlrernEnts',
To keep atcountlng r•cords In accord4n¢e wlth sectlon 386 of the Companle5 A¢t 21)J6 and
To prepare accounts whl¢h accord wlth the a¢countin8 records, comply wlth the accountin8 requlrem•nts of iectlon
396 of the Cornpanl•s Act 20J6 and the methods and prlnclples of the Staternent of Recomm•nd•d Practlce.,
Accountln8 and Reportln8 by Charltl•s
Hiv• not been met QT
To whlch, In rny oplnlgn, attèntien should be drawn In order to •nabl• • proper understandlns of th• •tceunts to b• reached.
G,Edw#rds ACMA
IS Flush Park
Bdfast
November 30th 2023

BALLYMAC FRIENDSHIP TRUST LTD
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE
INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31 MARCH 2023
The statement of Financial Artivities in¢lude5 311 galns and losses In the year and therefore a
statement of total recognlsed galns and losses has not been prepared.
All of the above amounts relate to contlnulng actlvltles
Unr•itrlct•d
R•itrlrt•d
Total Fund$
Totsl Fund$
Fundi
Fundi
2023
2021
Nèts
INCOMING RESOURCES
Incomln8 re5our¢es from g•nwatlngfvnds
Voluntary Incorne
Investment Inc(yne
18,000
18,000
18.OOJ
Z3
23
16
IncoKnln8 re50urce5 from charitable acdthtles
14,372
308,501
322,873
277,745
TOTAL INCOMINfj RESOURCES
33,395
308,SOI
340,896
295.761
. RESOURCES EXPENDED
Charltable Actlvltlos
21.019
327,347
348,366
291,800
Governa￿1￿1$
1,200
1,2Crf)
1,200
TOTAL RESOURCES EXPENDED
21,019
328,547
349,566
293,080
NEf IOUTQOINGUINCOMING RESOURCES FOR THE
YEAR I NET IEXP£NDITUREIIINCOME FOR THE YEAR
RECONCILIAnON OF FUNOS
11,376
40,046
4,671
2,681
Total funds tsrought forward
.150
404974
404,824
401,118
TOTAL FUNDS CARRIED FORWARD
384 928
396 153
403.199

BALLYMAC FRIENDSHIP TRUST LTD
BALANCE SHEET
31 MARCH 2023
Note
2023
2022
FIXED ASSETS
Tanglble Assets
387,W6
394,884
CURRENT ASSErs
Debtors
33,852
34,014
CREDITORS
Amounts f4111ng due
wlthln one year
io
24,576
24,074
NEf CURRENT ASSETS
9,277
9,940
TOTAL ASSETS LESS CURRENT LIABILITIES
396,282
404,824
NET ASS￿5
396,282
404,824
FUNDS
Restrlcted Income funds
Unrestrlcted Income fund5
li
384,928
11,355
404,974
-150
12
TOTAL FUNDS
396,282
404,824
For the year ended 31. March 2023 the company was entltled to exemption fr¢m audlt under
section 477 of the Companles Act 2006 relatin8 to small companies.
Trustee's responslbllltles:
The members have not requlred the company to obtaln an audlt of Its accounts for the year
in questlon In accordance with section 476 and,.
The trustees acknowledge their re5ponslbllltles for complyin8 With the requlrements of the
Act with respert to accountlng records and the preparatlon of accounts.
These financial statements were approved by the members of the commlttee and authorised for
si
Issue on the 31 November 2023 and are slgned Dn thelr behalf by..
M5. L.Todd

BALLYMAC FRIENDSHIP TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
I. ACCOUNTING POLICIES
Bas1$ ol a¢countlni.
The financial statements have been prepared under the historical cost convention and In accordance
wlth the Flnanclal Reportlng Standard for Smaller Entitles leffectlve Aprll 2C081, and the requirements
of the Statement of Recommended Practlce 'Accountln8 and Reporting by Charities, issued in March
2005 ISORP 20051.
Flxed A$$ets.
All fixed assets are Inltlally recorded at Cost.
Depre¢l•tlon.
Depreciatlon is calculated so as to write off the cost of an asset, le5$ its estlmated resldual value, over
the useful econornic life of that asset as follows..
Equipment
Fixtures & Flttlngs
Leasehold Property
21yA Straight Line
-21yA Straight Line
-2% Stralght Line
Fund kcountln¥.
Unrestrlcted funds are'funds which are avillable for use at the dlscretlon of the Trustees in
furtherance of the general objectives of the Charlty and whlch have not been deslgnated for other
purposes.
Restricted funds are funds whlch are to be used in accordance with specific restrlttlons Imposed bv
donors or which have been raised by the Charlty for particular purposes, The cost of raisin8 and
administr?ting such funds are charged agalnst the speclflc fund. Restrlcted funds may only be
transferred to general or desl8nated funds once the crlteria for restrictions have been discharEed or
no longer apply.
In¢omln8 Re￿urceS.
All Incomlni resources are Included In the Statement of Financial Activities when the charity is legally
entltled to the Income and the amount can be quantified with reasonable accuricy. Grants and
revenue generated are recognised in the SOFA In the perlod In whlch they are recelvable, Income is
only deferred when the charity has to fulfil conditions before becomlng entltled to It or where the
donorlfunder has specified that the income is to be expended in a future period.

BALLYMAC FRIENDSHIP TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
I. ACCOUNTING POLICIES Icontlnued)
Resour¢es expended.
Resources expended are Included in the Statement of Financial Actlvltles on on accrual b4sls, Inclusive
of any VATwhith may be Irrecoverable.
Charltable expenditure comprises those cost5 incurred by the charity in the delivery of Its activitles
and servlces for its beneficiaries. It Includes both costs that can be allocated directly to such actlvltles
and those costs of an Indlrect nature necessary to support them.
Governance costs Include those costs assoclated wlth meeting the constltutional and statutory
requlrements of the charity and Include the audit fee and costs Ilnked to the strategic rn4nagement of
the tharlty,
All costs are allocated between the expendlture categorles of the Statement of Financl81 Activltles on
basis deslgned to reflect the use of the resource. C05t5 relatlng to a partlcular activlty are allocated
dlrectly,. others are apportioned on an appropriate basls.
VAT
The charlty is not reglstered for VAT purposes, therefore Irrecoverable VAT is charged to the
Staternent of Flnancial Actlvlties, or capltalised as part of the cost of the related asset, where
appropriate.
TAXATION.
The company is a reglstered charlty and the charitable tax exemptlons are therefore being claimed to
the extent that income gndlor gain5 are applicable and applied to charltable purposes only. These
exemptlons wlll remaln In place as long as income and expendlture is applled to charltable purposes
only.
2. VOLUNTARY INCOME
Unrestrlrtod
Funds
Tot•1 Funds
2023
Total Funds
2022
Gr•nts rffelv•ble
Belfast Clty Councll
18,CQO
18,OLI)
18,000
18,OCK)
18,CMX)
18,CKXJ

BALLYMAC FRIENDSHIP TRUST LTD
NOTES TO THE FINANaAL STATEMENTS
YEAR ENDED 31 MARCH 2023
3. INVESTMENT INCOME
Unreitrkted
Fundi
Total Funds
2023
Total Funds
2022
Bank Interest Recelvable
23
23
16
23
23
16
4. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
Unrertrlcted
Funds
Re5trlct•d
Funds
Tot•1 Funds
2023
Total Funds
2022
Publlc Health Agency
Awards for All
Communlty Foundation
Room Hlre & mlsc, ID¢ome
Cooperatlon Ireland
Belfast Education Llbrary Baard
Belfast City Council- Programme
Costs
Belfast Regeneratlon Office
Charter Nl
Radius
EBCD
51B
Other Mlsc Income
3,476
3,476
5,574
9,950
1,687
21,250
1,687
35,622
14,372
10,924
1,164
6,OQKI
1,8LJJ
35,995
114,867
35,995
114,867
5,325
99,706
4,000
117,426
117,426
138,662
14,372
308,501
322,873
278,745
io

BALLYMAC FRIENDSHIP TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
5. GOVERNANCE COSTS.
Unr•striLt•d
Funds
Restricted
Funds
Tot•1 Funds
2023
Audlt Fees
1,200
1,2
1,2CKt
1,2C
6. NET IOUTGOINGI / INCOMING RESOURCES FOR THE YEAR
this is stated after ch•r8ln8'.
Totil Funds
2023
Tot81 Funds
2022
Depreclatlon
Auditor's remuneritlon
7,878
1,2tKI
8,191
1,2Crf)
7. STAFF COSTS AND EMiXiJMENTS
Total Staff costs were as follows..
2023
2022
Wages & Salarles
96,040
106,835
P•rtlculars of employees:
The average number of employees durlng the year, calculated on the basis of full.time equivalents, was as
follows..
2023
No
2021
No
Number of Staff
li

BALLYMAC FRIENDSHIP TRUST LTD
NOTES TO THE FINANaAL STATEMENTS
YEAR ENDED 31 MARCH 2023
7. STAFF COSTS AND EMOLUMENTS {contInu￿>
No employee recelved remuneration of more than £60,000 during the year12019- NIL)
8. TANGIBLE FIXED Assrrs.
Flxtures &
Flttings
Ikasehold
Property
Equlpment
Total
COST
At Aprll 1st 2022
Addltlony
At 31st M&rch 2023
55,230
21011
447484
S23,058
55,230
21011
447J84
524.6LS
DEPRECIATION
At l April 2022
Cl]ar8e for the >'¢ai
42,966
3,183
21,811
64,964
4,695
121J50
7,878
At 31 March 2023
46,149
21,811
69ffj59
137,619
NET BOOK VALUE
At 31 March 2023
9,081
377,925
387,006
At 31 March 2022
12,264
382,620
394,884
9. DEBTORS
2023
2022
Bank
Trade Debtors
24,852
34,014
33,852
34,014
12

BALLYMAC FRIENDSHIP TRUST LTD
NOTES TO THE FINANaAL STATEMENTS
YEAR ENDED 31 MARCH 2023
10. CREDITORS: Amunts fallin8 du• wlthln one year
2023
2022
Bank loans and overdrafts
Trade Creditors
Accruèls
2,392
20,984
1,200
18,127
4,747
1,2
24,576
24,074
11. RESTRicfED INCOME FUNDS
Balonce at
0110412022
Incomlni
R•sources
Outgolni
Resources
Balancé it
3110312023
Restrlcted Fund
404,974
308,501
-328,547
384,928
12. UNRESTRICTED INCOME FUNDS
Bahnce It
0110412022
Incomlni
Rewurces
Outpln8
Resources
Balanc• •t
3110¥2023
General Funds
.150
32,395
-21,019
11,226
13

BALLYMAC FRIENDSHIP TRUST LTD
MANAGEMENT INFORMATION
YEAR ENDED 31 MARCH 2023
The followlng pages do not form part of the statutory flnanclal statements whlch are
the subject of the Independent examlner's report.
14

BALLYMAC FRIENDSHIP TRUST LTD
DETAILED STATEMENT OF FINANCIAL AcfiviTIES
YEAR ENDED 31 MARCH 2023
2023
2022
INCOMING RESOURCES
VOLUNTARY INCOME
Belfast Clty Councll Revenue Grant
18,000
18,000
18,000
18,000
INVESTMENT INCOME
Bank Interest
23
16
23
16
INCOMING RESOURCES FROM
CHARITABLE AcfiviTIES
Publlc Health Agency
Awards forAII
Room Hlre & mlsc Income
Coperatlon Ireland
Belfast Education Llbrary Board
Belfast City Councll - Programme Costs
Belfast Regeneration Offlce
Community Foundatlon
Radlus
Charter￿r
SIB
EBCDA
3,476
5,574
9,950
10,924
1,164
6,000
5,325
99,706
35,622
1,800
35,995
114,867
1,687
4,000
440
138,662
1,000
117,426
8,000
322,873
278,745
TOTAL INCOMING RESOURCES
340 896
296 761
2023
2022
RESOURCES EXPENDED
CHARITABLE ACTIVITIE5
Staff Costs- Wages & Salaries
Staff Costs - Recruitment
Estblishment- Light & Heat
Establishment- Repairs & Maintenance
Establishment- Insurance
Motor & Travel Costs
Legal & Professional
96,040
106,835
7,620
844
7,372
657
6,150
3,606
7,161
614
13
15

Office Expenses - Telephone
Office Expenses - Other
Depreciation
Rent
Direct Charitable activity- Bank Charges
Direct Charitable activlty- Programme Costs
1,240
3,394
7,878
868
563
2,159
8,191
536
221,904
194
155,558
348,366
291,880
GOVERNANCE COSTS
Audlt Fees
1,200
1,200
1,200
1,200
TOTAL RESOURCES EXPENDED
349,566
293,080
NEf (OUTGOING)IINCOMING RESOURCES
FOR THE YEAR
-8,671
3,681
16