BALLYMAC FRIENDSHIP TRUST LTD
STATEMENTOF FINANCIAL AcnviTIES (INCORPORATING THE
INCOME AND EXPENDITURE ACCOUNTI
YEAR ENDED 31 MARCH 2025
The statement of Fi nancial Activities i ncl udes al I gai ns and losses in the year and therefore a
statement of total recognisted gains and losses has not been prepared.
Al l of the above amounts relate to conti nui ng activities
Un￿striCted
Funds
Restricted
Funds
Total Funds Total Funds
2025
2024
Note
INCOMING RESOURCES
Incoming re50urse5 from generating funds
Voluntary Income
I nvestment income
I ncoming resourses from charitable activities
13,194
42
227￿84
7,515
124,467
131,982
TOTAL INCOMING RESOURCES
7,515
124,474
131,989
241,120
RISOURCES EXPENDEO
Cha ritable Actlvltles
Govemance Costs
24*13
134,820
1,000
159,633
I,oc
269,891
1,200
TOTAL RESOURCES EXPENDED
24.813
135.820
160,633
271,091
NET IOUTGOINGSIIINCOMING RESOURCES FOR THE
YEAR/NET IEXPENDITUTREI/INCOME FOR THE YEAR
RECONCILIATION OF FUNDS
{17,2991
(11,346)
{28,644)
{29,9711
Total funds brought forward
6.790
359,521
366,311
396,282
TOTAL FUNDS CARRIED FORWARD
{10,5091
348,175
337,667
366,311
PAGE 6

BALLYMAC FRIENDSHIP TRUSTLTD
BALANCE SHEET
ASAT31 MARH 2025
Note
2025
2024
FIXED ASSETS
rangible Assets
371.911
380,009
CURRENT ASSETS
Debtors
8,235
CREDITORS
Amounts falling due
within l year
io
34,245
21,933
113,698)
134,2451
NET CURRENT ASSETS
134,245)
113,6981
TOTAL ASSETS LESS CURRENT LIABILITIES
337.667
366,311
TOTAL ASSETS
337.667
366,311
FUND5
Restricted income funds
Unrestricted income fund5
li
12
348,175
110,S091
359,521
6,790
337,667
366,311
For the year ended 31st March 2025 the company was entitled to exemption from audit
under section 477 oftheCompaniesAct 2006 relatinEtO Small companies.
Trustee's responsi blitl ie5
The n)embers have not required the company to obtain an audit of its accounts for the
the Act year in question in accordancewith section 476 and,,
The trustees acknowledge their responsibliltie5 for complyingwith the requirements of
with respect to accounting records and the preparation of accounts.
Thefinancial statements were approved bythe membersof the committeeand authorised
for issueon 31st December2024 and aresigned on their behalf by:
M5KHolmes
PAGE 7

BALLYMAC FRIENDSHIP TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
I, ACCOUNTING POLICIES
Basis of accou nting
The fi nancial statement have been prepared under the hlstorical cost convention and in accordance with
the Fi nancial Reporting Standard for Smaller Entities leffiective Apri120081, and the requirements of
the St3tement of Recommended Practice, Accounting and Reporting by Charlties. issued In March 2005
ISORP 20051.
Fi xed Assets
Al I fixed assets are initial Iv recorded at cost.
Depreciation
Depreciatlon is calculated so as to write off the cost of an asset, less its estimated residual value, over
the usefu l economic l ife of that asset as follows..
20% Straight Line
20% Straight Line
2%Straight Line
Fund Accounting
Unrestricted funds are funds which are avallable for use at ihe discretlon of the Trustees In
furtherance of the general objectlves of the Chartiy and wh Ich have not been designated fo r other
purposes.
Restricted fu nds are fijnds wh ich are to be used in accordance with specific restrictions i m posed bv
donors o r wh ich have been raised by the Chariity for partlcular purposes. The cost of raisi ng and
administrati ng such funds are charged agalnst the specific fund. Restricted funds may only be
transferred to general or designated funds once the criteria for restrictions have been discharged or
no lon8erapplv.
Incomln8 Resources
All incomingresourcesarelncluded in thestatement of Financial Activitleswhen thecharity islegally
entitled to the income and theamount can bequantified with reasonable accuracy. Grants and
revenuegenerateé are recongised in theSOFA in the period in whlch they are receivable. Income Is
only deferred when the c harity has to fLElfil conditlons before becoming entitled to it or where the
donor/funder has specifi ed that the i ncoTne15 to be expended in a future period.
PAGE 8

BALLYMAC FRIENDSHIP TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
I. ACCOUNTING POLICIES Icontinuedl
Resourses expended
Resourses expended are included in thestatement of Financial Activities on an accrual basis,
inclusiveofany VAT which may be irrecoverable.
Charitable expenditurecomprisesthosecostsincurred bythecharity in thedeliveryof itsactivities
and services for its benefi ciaries. It i ncl udes both costs that can be al located directly to such
activities and those costs of an indirect nature necessaryto support them.
Governance costs include those costs associated with meeting the constitutional and statutory
requirements ofthe charity and includethe audit fee and costs linked to the strategic management of
thecharity.
All cost5 are allocated between theexpenditure categoriesof the Statement of Financial Activitles on
a basis designed to reflect the use of the resource. Cost5 relati ng to a particular activity are al located
directly; others are apportioned on an appropriate basis.
VAT
The charity is not registered for VAT purposes, therefore irrecoverable VATIS charged to the
Statement of Fi nancial Activities, or capital i sed as part of the cost of the related a55et, where
appropriate.
TAXATION
The company is a registered charity and thecharitable tax exemptions aretherefore being claimed to
the extent that income and/or gains are applicableand applied to charitable purposes only. These
exemptionswill remain in placeas longasincomeand expenditureisapplied to charitable purposes
only.
2. VOLUNTARY INCOME
Unrestricted Total Funds Tot31 Funds
Fund5
2025
2024
Grants receivable
Belfast Citycouncil
13,194
13,194
PAGE 9

BALLYMAC FRIENDSHIP TRUST LTD
NOTE5 TOTHE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
3, INVESTMENT INCOME
Unrestrirted
Funds
Total Funds
2025
Total Funds
2024
Ba nk Interest receivab
42
23
4. INCOMING RESOURCES FROM CHARITABLE AcfiviTIES
Un￿StrICted
Funds
Restricted
Funds
Totsl funds
2025
Tots I funds
2024
Publlc Health Agency
Communlty Foundation
Room Hire & misc Income
Clare CC
Belfast Education- Library Board
Belfast City Council - Programme
Costs
Belfast Regeneration Office
DFA
Radlus
EBCD
Yout'h Initatives
The Executive Offlce
Other Misc Income
1,205
1,205
5,997
6,415
6,415
7,772
15,892
18,788
4,315
7,772
19551
78.210
19551
78,210
94,297
10.018
4,533
33,702
4,533
33,702
1.100
78,577
I,ioo
7,515
124.467
131.982
227,884
PAGE 10

BALLYMAC FRIENDSHIP TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
5, GOVERNANCE COSTS
Unrestricted
Funds
Restrlcted
Funds
Total Funds
2025
Audit Fees
1.000
1.000
1,000
I,LK)O
6. NET IOUTGOINGI/INCOMING RESOURSES FOR THE YEAR
thls is stated aftercharglng,,
Total funds
2025
Total funds
2024
Depreciation
Auditors remuneratlon
8,098
I,￿0
8,098
1,200
7. STAFF COSTS AND EMOLUMENTS
Total staff costs were as follows:
2025
2024
Wages & Salaries
64,473
101.297
Particula rs of employees..
The average number of employees during the year, calculated on the basis of full time equivalents,
was as follows..
2025
2024
NumberofStaff
PAGE 11

BALLYMAC FRIENDSHIP TRUST LTD
NOTES TOTHE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
7. STAFF COSTS AND EMOLUMENTS Icontinuedl
No employee received remuneration of more than £600(K) during the year{2024- NILI
8. TANGIBLE FIXED ASSETS
Fixtures &
Equipment Fittings
Leasehold
Property
Total
COST
At 1st April 2024
Additions
At31st March 2025
56331
21￿11
447,584
525,726
56,331
21,811
447,584
525,726
DEPRECIATION
At 1st April 2024
Charge for the year
49,552
3,403
21,811
74.354
4.695
145,717
8,098
At 31st March 2025
52,955
21,811
79,049
153,815
NET BOOK VALUE
At31 March 2025
3,376
368,535
371,911
At31 March 2024
6,779
373,230
380,009
9. DEBTORS
2025
2024
Bank
Trade Debtors
8,235
8,235
PAGE 12

BALLYMAC FRIENDSHIP TRUST LTD
NOTES TO THE FINANCIAL STATEMENT5
YEAR ENDED 31 MARCH 2025
10. CRF.DITORS'. Amounts falllng due within one year
2025
2024
Bank loans and overdrafts
Trade Creditors
Accruals
15,378
I8￿67
3,076
18.857
34,245
21,933
11, RESTRicfEDINCOME FUNDS
8alance at Income
01/04/2024 Resources
Outgoing
Re50uffes
Balance at
3110312025
Restrfcted Fund
359,S21
124,474
135,820
348,175
12. UNRESTRicfED INCOME FUNDS
Balance at
Income
0110412024 Resources
Outgoing
Resource5
Balanceat
3110312025
General Funds
6,790
7515
24,813
(10,5091
366.311
131,989
160,633
337,667
PAGE 13