Ballymcna North Partncrship Ltd
Statemcnt of Financial Activities for the Year Endcd 31 March 2023
(Including Income and Li xpenditurc Account and Stalement of Total Ilecogniscd Gains
and Losses)
Unrcstricted
funds
Restricled
fuiids
2023
Notc
Incomc And Lndoivments from:
Chai'itable activitics
214.602
214,602
Total incom¢
214.602
214,602
Lxpciiditurc on:
Cliarilablc activities
(195,716)
(195,716)
-I'otal expcnditurc
(195,716)
(195,716)
Nel iiicoine
.1 ransfers bclwecn fiinds
18,886
34,841
18.886
(34,841)
Net Inovemcnt in fuiids
53.727
(34,841)
18,886
Ileconciliatioii of funds
'rolal fui)d5 broiight forward
180,425
1.188,079
1,368,504
'rotal fuiids carried forwai'd
13
2J4,152
Unrestricted
funds
1,15J,2J8
IlcstrictLd
runds
1,387,J90
'I"otal
2022
Notc
Income
Ballymena North Partnership Ltd (Rcgistration numl)er: N1049869) Bsilancc Sheet as at 31 Marcli 2023 2023 2022 liixed assets "l aiigJible asscts 1.180,125 Cui-rcnt Assets Debiors Casli at bank and iii hai)d 10 18,066 163,726 236.840 247.779 181,792 Creditoi's: Amounts falliiig duc within one ycar 12 (40,514) (28,399) Net eurrent assets 207,265 153.393 Net $SetS 1,)87.J90 1,)68,504 li unds of the charity: Ile5trieted inconie funds Ilcslriclcd funds 13 1,153,2J8 1,188.079 Uiiresti'icted iiicome funds Unrcstricied fLiiids 234,152 180.42) -I'otiil funds 13 1,387,390 1,368.504 l.or Ilie fiiiaiicial ycar cndiiig 31 Mdrcli 2023 Ilie cliarily was cntiilcd to cxeniption from audil under section 477 ofihc Compaiiics Aci 2006 rcl(Iling lo simall coinpanies. Dir¢¢tors' rcsponsibilitie5= Tl)c iiienibcrs Iiavc iiol rcquired Ilic cl)arity to obtsiii ali audit of ils accouiils for tlic ycar in qlicslion iii ac¢ordaiice with scctioii 476. and -h¢ dircctors acknoiylcdgc tlicir rcspoiisibiliti¢s for coinplying willi ihc rcquircnienls of ihc Act wilh rcspect lo accouiiliiig i-ecords aiid ilic prcparation of accoLiiIIS. -riie financial slatemcnts on pages 6 10 16 wcrc approvcd by ihe (rLislccs, and (lllthoi'iscd for issiic on 7 Junc 202J aiid 5igiicd on ihcir bchaif by: Mi- Mauricc Mills - Chairi)iaii -I"I'uslcc Jai?Ics Mcc Coiiipaiiy Sccrcldry aiid .1 Iwstcc "lic i)ole5 on pagcs 8 Lo I C) form an iiilcgjl-al pail of Llicse finaiicial slaiciiici)ts. P(Igc 7
Ilallymena North l)artnL'rship Ltd Notcs to the Financial Statements for the Year fi ndcd 31 Marcli 2023 I Charity stAtus 1.hc charity is limited by guaranlee, incorpordtcd in Noitliern Ii'cland, and conscqucnily docs noi havc sh¢irc capital. Cach of Ilie truslees is liablc lo contribute an ainount noc cxcccding £1 tOW3rds ilie assets ofthc charity iii the cvciit of liquidalioii. 'Ilie addr¢ss of ils rcgislered orricc 15: 120 Cu.£liendall Ro<id Ballyiiicna BI'43 61.IB "I'hcse fiiiancial statciiienls were authorised for i55ue by the truslecs 011 7 Junc 202J. 2 Accountiiig policie5 SuminAry of significqiit accounting policics and key accounting estimatcs 'riic pi-incipal accounting policies applied in the preparalion of these fiiianeial stalcineiits arc scl out bclow. 'riicsc policics liave bccii coiisistciitly applied to all tlic ycars presciitcd, uiilcss oihcrwise slalcd. Statemeiit of complisince "ri)c fiiiaiici411 stalenicnls liavc beci) prcparcd in accordancc iviili Accouiiliiig aiid Repoi1iiln by Cliarilics: Sialciiient of Ilccoiiimended Prnclicc applicuble to cliarities prcpai'ing Ilicir accoliiils in accorddncc willi ilic Financial Reporting Siandard applicable in Ilie UK and Republic of Ireland (riis 102) (cffcctive l Jaiiiiary 2015) - {Cliarities SOllP (fRS 102)), the financial Reporting Standard applicablc in tlic UK and Kcpublic or Ircland (I,"RS 102). 'l-hcy also coinply ivith the Coiiipaiiies Act 2006 and Cliariiics Acl (Northcrii Irclaiid) 2008. B1< 515 of prcijaration Ballyiiieiia Nortl) Partncrship Ltd Incels tl)c dcfinition of a public bencfil eiitily undci. I-RS 102. Asscl5 aiid liabililics ai-c initially Ircogniscd at hisloi'icpAI cost or transaction value uiiless othcrwisc slal¢d ii) Ihc I'clcvant accounting policy nolcs. l-lic prcsciitalion currcncy of ili¢sc fiiiai)cial siatcincii15 is slerling. All aiiioiiiits iii tlic financial slalcincnls havc bccii IDLiiidcd io ilie iicai'esi £ I GoinLy conecrn -Ilic financial slatcincnts l)avc bccn prcparcd on a going Conccrn b<1SiS ¢lS tlic tru5lec5 consider ilicre arc no Inalcrial unccrtaiiiilics about tl)c charily's abilily to conlinuc 115 a going conccrn nor any sigiiificant areas or unceilaiiiily ilial arreci ihe carryiiig valuc ofasscls lield by Ihc cliarily. 'l-IIc (ruslc¢s have assesscd a pcriod of12 Inoiiihs froiii Il)c dale of approviiig Il)c fiiiaiicial slalcincnls boili iii rel<ilioii lo Ilic lcvcl of (uiids hcld aiid ilic expcclcd Icvcl of ii)coinc and cxpciidiliirc iyiili rcgai-d lo Ilic appropi"ialcncs£ of Ilic goiiio coi)ccrii a5suniplioii 111 ijrcpai'iiig ilic fiiiaiicial slalci)Iciils lakiiig ililo coiisidci'alioii all rclcvaiil facloi's. -l-lic Ii'ustccs iiole iliat aiid bclievc iliat ilic coinpany ivill coiiliiiue as a goiii8 coiiccl-ii aiid bc ablc lo iiali£c its asscls aiid discliargc il5 liabililic5 iii ilie iioi'iiial couis¢ of busill¢SS. .xcnii)tioii froin i)rcpxring % cas11 floiv st8tement 'ri)c chai-ity oplcd lo carly adopt Bullc(iii I publishcd 011 2 1,-ebrLiary 2016 aiid havc ihcrLforc i)ol iiicludcd <1 cast) noiv sialciiiciil iii Ilicsc fiiiaiicial sialeinciils.
Ballymcna North l)artncr5hip Ltd Notcs to the 14 inancial Statemcnts for thc Year Lndcd 31 Marcli 2023 Incomc And endoivments All incoiiie is rccognised once ilic cliarily lias cnliileinent lo ilic incoinc, it is pi'obabl¢ iliat tlie inconie will bc rcccived and tlie iiinount of ilie incoiiic receivablc can bc IneasLircd r¢liably. xpcnditurc All expei)diturc is recogniscd oncc thcre is a legal or conslructive obligation to Il)al cxpcnditure. it is l)I'obable scttleineilt is rcqiiircd ai)d il)e aiiioLllIt cali bc iiieasured rcliably. All costs are allocaled io tlic applicxble expeiiditiire l)eadiiig tliat aggregate siinilar costs to Iliai calcgory. Wlicrc cosls caiiiioi be directly altribuled paiticul(Ir lieadings tliey Iiavc been allocalcd on a basis consislenl wilh Ilic iise of resourccs, willi cciiliil sldff cosls dllocaled on ilie basis of time spenl. and dcpre¢i4ilion clidrges allocatcd on the poilion of the asscl's use. Oil)cr support cos15 arc allocatcd bascd oli tlie sprclld of slaff cosls. Cliuriliible Iicljijilies Cliarilable expcnditLirc compi-is¢s t1105C Costs incLirrcd by the cliarily in tlic dclivcry of ils activities and seivices for ils beiieficiarics. It iiicludes botli cosls il)Il can be allocatcd dirccily to SLich activities and ihosc cosis of an indirecl nature iieccssary to supporL theim. Govcri)mcnt grants Govcriiiii¢iil gYiai)Is reccived under ilic Coronavirus Job Rclciilioii Sclieinc arc rccogiiiscd on Ilic pcrforinan¢c Inodcl witli enliilcinent lo ilic gi'ant oiily passing lo the coimpany ovcr ilie pcriod of iinic Ilial il)c I'clevant cinploycc is on furlough so thc incoiiie fi'om Ilie granl 15 recobiniscd on ¢1 slrdiglil linc basis ovcr Il)¢ fiirlong period of rclovant cinploycc. 'ra%Ation -rhc cliarity is consider¢d to pass ihc Icsts set OLIt iii Paragrapli I Schcdulc 6 of il)c fiiiancc Aci 2010 aiid Ihcrcfore il Incets Ilie defiiiilion of a cliaritable coi)Ipany foi. UK corporalioii (ax piirposcs. Accordingly. Ihc cliarily is polenlially exenipt froiii laxalion in respecl of incoime or capilal gai11s rcceivcd witl)ii) calcgorics Coveird by Chaplcr 3 Part I l of the Corporation Tax Acl 201 O or Scction 256 of ihe Taxation of Cliargcable G1< ins Acl 1992, lo tlic cxtent ihal Slich incoinc oi. gains arc appli¢d exclusivcly lo cliarilablc pui"poses. l)cpreciAtion and Amoi'tisatioii Dcprccialioii is providcd oli langiblc fixed assels so as to ivrilc off tlic cost or valualioi), Ic55 any cstiiiiatcd rcsidual valiic, over tlicir cxpecled useful ecoiioiiiic lifc a.4 follows= A55Ct clqss Liind & Biiildings I'ui-nilurc & Lquipinciil Depreciation mcthod lind rAte 20/0 Sii-aiglii Linc 250/¢J Ilcduciiig 13alaiicc "I'rade debtor5 -l-rddc dcbiors arc amounls diic froiii cusloincrs for aiiioiinls invoiced in rcspccl of Llllit or room liirc rcntals or 5crvicc5 pcrfoiiiicd in ilic 01-dinary coiirsc of busillCSS. l)agc 9
Ballymcna North Partncrshxp Ltd Notcs to thc Flnancial Statements for tlic Year Ei ndcd 31 M2fL'h 2023 'I'riidc crLditors -ri.adc creditol's lire obligalions to pay for goods or seiviccs that liavc bccn dcquircd in ilic oi'dindry COLirse or bLisincss fi'oin supplier5. Accolinls payable air elisIfICd as ciirrcnt liabililies if Ihc charity does not liavc an uncoiidition1& I riglit, at tlic cnd of tlie reporting period, lo delcr sciileinciit of the crcdilor for ai Icasi (welvc Inoiiihs after thc i-eporliiig dale. Ir ilicre is ali uncoiidilioiial right lo dcfer 5eltleincnt lor at l¢a5l Iwelve IMontlis aftcr Ilie i-cpoitiiio date. Iliey arc prcsciited as iion-cui'rciii liabililics. Fund structure Uni'cslricted incoiiie funds are gencral funds ihal arc available for use ai the Iruslcc5 discretion in furtlicrdnce of the objeclivcs of th¢ cliarity. l)age l O
allymcna Nortli Partnership Ltd Notes lo Ihc Financial Statemoiits for the Ycai" Ei nded 31 March 2023 lieslricled incoiiic lund5 are iliose donatcd for usc in a pailiculai. arca or for specific purposcs. use of wliicli is rcstricl¢d to tliat ai-ca or purposc. 3 Ineome from charitable Activities Uni'cstrictcd Gencr>il 2023 Unli Rcntal Renlal of Mceling Rooii]s o(rice hire Carc liirc Rcfresl)Incnls Lveiils ai Sports l-lall Scivicc Level Agrcciiicnt - Ballynieiia Couiicil Vcnding Macliin¢ Coiniiiission Siarr cosl cliargc Baiik iiitcrcst reccivablc 67,258 38.232 67,258 38,232 27,638 1,464 3.508 625 1,464 3,508 625 72,023 709 2,1197 248 72,023 709 2,897 248 214.602 214,602 Uni-esl'ricted funds General 2022 Unli Rcnldl Ileiital of Mecling Rooims orficc l)irc Calc liii'c RefresliineiitS Lvciils ai Sports14all Scrvicc Level Agi-cemcnl - 13allyiiicna Couiicil Vcnding Macliiiie Cominission Starr cost cliargc 13aiik iiitcrcst reccivablc UK Govci-nincnt Grants 63,401 30.982 24,249 1,057 24,249 1,057 3.125 26,653 58 2.7)7 60 6.754 3,125 58 2,737 60 6.754 160.887 160.887
Il&illymcna North Partncrship Ltd Notcs to the Financial Statcmeiit8 for the Ycar li ndcd 31 March 2023 4 Expcnditurc on chir1tble activities Unrestricted funds C>eneral funds Siarf cosls R¢iii frec accoiiiinodatioii & discouiits giveii lo cliaritable organisalions Ratcs Water rates l.iL,lil, lieat ai)d power Iiisui'ance 106.213 106,213 3,150 497 762 17,046 10,055 7,007 1.501 712 864 497 762 17.046 10,055 7.007 1.501 712 864 1.712 Ilcpairs and maiiitenancc I'clcphoiic aiid fax Calcriiig Conipulcr software and iiiaintcnancc costs l-luiiiaii Ilesource Managcinciit Priiiliiig. postsgc aiid slalioncry Waslirooin l-lygFi¢nc, Clcaning & Waslc Collcction Sui)dry cxpenses Advcilisillo Accoiinlancy fees Legal alid professioiial fees Ilaiik cl)argcs DeprcLialion or rrcchold propcrty Dcpi'ccialioii Plaiit & Macliinery Deprcciation or rixturcs dnd filtiiigs (owned) 1,712 1,703 2,127 2,127 200 2,750 360 710 200 2,750 360 710 35,328 775 883 775 883 'I"otiil foi. 2023 195,716 195.716 ot:Il for 2022 187.lii 187,li3
Ballymeiia North l)artncrship Ltd Notcs to the Fin2ncial Stateineiit.s for the Ycai. Fnded 31 March 2023 5 Net incomiiigloutuoing resourccs Nel incoiiiiiigl(outgoing) resourccs for ilie ycar iiicliidc.. 2023 2022 Oihcr non-<iiidil serviccs Depreciation of fixcd assets Coi'oiiaviriis Gov¢riiincni Siipport Incoine 2,750 36.9116 2,660 36,872 6,754 6 1'rustees rcinuner4ltion lind expcnses Duriiio ilie year Ilic cliarily iiiade tlic lollowiiig ¢rdiisactions iviili Ii'ustccs-. Soine trustce5 havc ali intcrcst in otlier charities which iiiay rcsuli iii a coiiflicl or pci'ccivcd conflict of inlcrcsl in tli¢ operalioii of tlic charily.see Rclalcd Paixy Nolc, iiolc l J No Irust¢es, nor any persons coniiected will) Ilicin, liavc rcccivcd any I'ciiiuncratioii froiii Ilic cliarily durii)g the yC<ir. 7 St41ff costs I"lie aguregaic payroll costs werc as Follows.. 2023 2022 Stiff costs during tlic yeAI' Ivere: 100.221 99.026 3.875 I,S58 Social 5ccuI-ily costs Pciisioii costs 106,213 104.759 'I"lic montlily dvci'age nuiiibei. of pcrsons (includin¢J 5cnior liidn(IgTrciiicni I Icadci'sliip tC¢iin) cii)ploycd by ihc cliarily diii-ing iIIc ycdl. cxprcsscd as fiill IiLI)e CqLiivalcntS W(Is as follows.. 2023 2022 Adiiiiiiislratioii No cmployee reccivcd ciiiolLimciits of iiiorc ihan £60,000 duriiig Il)c ycar. 8 'fax2tioii 'li¢ cli(Irily 15 a rLgi5tercd cliarily diid is Ilicrcfoi'c exciiipl froni laxillioii. l)ag¢ 13
Ballymciia Nortli Partncrship Ltd Notcs to the f4inancial Statcmcnts for the Ycar Ended 31 March 2023 9 'fAiigible fixed Assets 'Ind 51nd buildings i ui-nilure und equipment mAchinery Cost Al l April 2022 Addilioiis 1,766.J93 30.292 2,613 2,000 1.799.298 2.000 Ai 31 Marcli 2023 1,766,393 30.292 1,801,298 l)ei)rcci.4tioii At l April 2022 Cliai'gc for Llie ycar 555.914 35.328 26.762 584,187 36.986 775 At 31 Marcli 2023 59l,242 27.645 2,286 621,173 Nct book lue Al 31 Marcli 2023 1.175,151 2.647 2.327 1.180.125 Ai 31 Marcli 2022 1,210.479 1,102 l O Debiors 2023 2022 I'radc dcbiors Prcpayiiieiits Oilicr dcbiors i,226 5,274 439 12,244 5,683 10,939 18,066 I I C:Ish &ind ca511 equivi11ents 2023 2022 Casli oli hand Cas11 at baiik 321 236.519 163.726 236,840 163.726 l)agc 14
BsAllymcna North Partnership Ltd Notc8 to thc Financial Statemcnts for the Year Ended 31 March 2023 12 Credilors: Amouiits ffilliiig due witliin one ye.Trr 2023 2022 'rrade crcditors Oil)cr taxalioii aiid 50cial 5ecurily VAT grani rcpayable Otlier ci'¢ditOl-S A¢¢i-Iials 1,081 2,090 20,295 132 16.916 872 2,843 8,659 127 15,898 40,514 28.399 13 Fund5 iIAlat]ce at 31 Marcli 2023 Ilxlancc at I Aprtl 2022 IncomiDE i-e.sourccs Rosourccs expeiided "ri'Ansfcrs Uiiresti'ielcd funds Generul Geiieral funds 180,425 214,602 {195,716) 34,841 234.152 Ilestricted funds Kecp Nl Beautiful Comiiiviiily Concert Propcrly Graiit I,uiid Ans Council ofNorth¢rii Irclmnd Awards for All Fundiiiu Good Rclatioiis 166 166 1,187,919 (34,841) 1.153,078 130 (194) 27 130 (194) 27 otAI restricted funds 1.188.079 (34.841) 1,15),2J8 -rotal funds I,J68.504 214,602 (195.716) 1,387,390 l)anc l i
Ballymena Nortl) l rfirtnership Ltd Notes to the f4inancial Statemciit8 for the Year Endcd 31 March 2023 iliildnce at 31 MAI'CII 2022 Bal4inee 'it I April 2021 Incoming I'csource5 Rc50ufcLS cxpendLd Transfci-5 Ilni'estrictcd funds Neiiernl Geii¢ral fuiid5 171,805 160.887 (187.133) 34.866 180,425 Rcsli'icted Keep Nl Bcautiful Coiniiiiiiiily Concert Propcrty Grant fund Arts Couiicil of Nortlici'n Ii'claiid Awards foi. All Funding Good RelaCi01is 166 166 1,222,785 (34,866) 1,187.919 530 (194) 27 (194) 27 'I"otal rcstricted fuiids 1,222,945 (34,866) 1,188,079 'lotAI fuilds 1,394.750 160,887 (187,133) 1,368.504 14 Ilelatcd pAI-ty tran5aetions During Ilic year thc cliarily Inadc thc following rclalcd party Ii'ansactions.. Noi-tli ljallymcna Comniuiiil), Cluslcr (Coiiiimoii IrLisl¢es-Mr Barry CJordoi1, Nlr P J McAvoy, Mi. Robcrl Mccalioii) Discouiit on rciit aiid cliai"ilablc donaLioiis-£2880 (2022 £J.840) Nortli 53211}Tineiia Coiiiiiiuiiily Cliistcr iio longci- liavc a unil ai Ballyincna Nortli l)artncrsliip Ltd coiiiplex, last I'¢iii fr¢e dccoininodaiion Dccciiibcr 202? Ai ihc balaiicc sliect dat'e ilic amount diic (oifroiii frotn Nortli E3iillyiii¢na Coiiimlinity CILislcr was £Nil (2022- £16). Pagc 16